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HomeMy WebLinkAboutMINUTES - 04152008 - C.39 � 0: � BOARD OF SUPERVISORS ��- - _�°'� ContraC-W FROM: DENNIS BARRY, AICP - Costa !� COMMUNITY DEVELOPMENT DIRECTOR . -------- County`k DATE: April 8, 2008 SUBJECT: Proposition 1-CTransit-Oriented Development Infrastructure Grant Application SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION NO 2�0�o�L RECOMMENDATION: ADOPT Resolution,authoriz ng the submittal of an application to the California Department of Housing and Community Development for Proposition 1-C Transit- Oriented Development Infrastructure Grant funds in an amount not to exceed $10 million for BART Station Enhancements and a Bicycle Station as part of the Contra Costa Centre Transit Village project at the Pleasant Hill BART Station (No General Funds) FINANCIAL IMPACT: No General Fund impact. Matching funds have been identified as part of the Redevelopment Agency's budget, and as part of the BART Transit Village business agreements. Total matching fund sources are $3.5 million. BACKGROUND: The BART Transit Village at the Pleasant Hill Station represents a significant investment in a smartgrowth transit-oriented development. The Transit Village is expected to break ground around July 1 , 2008. The residential/mixed-use project will include 422 residential apartments, 100 for-sale condominiums, 35,590 square feet of retail, and a 290,000 square foot office building, including a 20,000 square foot business conference center. This exemplary project will be immediately adjacent to the BART fare gates. An aspect of the Transit Village is to work with BART to freshen the visual appearance of the BART platform, the older parking garage, and the inter-modal area. An additional component of the Transit Village is the inclusion of a Bicycle Station, preferably an assisted and staffed operation. Approximately $3.5 million of funding have been identified from the Redevelopment Agency and from the BART business transaction. While this is a meaningful amount, consultations with BART technical staff suggest that BART facility modernization could be more expensive than contemplated. CONTINUED ON ATTACHMENT: a YES SIGNATURE: Y E?114ECOMMENDATION OF COUNTY ADMINISTRATOR ❑ REC MM NDATION OF BOARD COMMITTEE_ E!T`APPROVE ❑ OTHER SIGNATURE(S): ACTION 01= BO ON U- AP'PROVED AS RECOMMENDED [-THER ❑ VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN AND NkUNANIMOUS(ABSENT ) ENTERED ON THE MINUTES OF THE BOARD OF AYES: NOES: SUPERVISORS ON THE DATE SHOWN. ABSENT: ABSTAIN: ATTEST-ED `n �J �WD Contact: James Kennedy, Redevelopment (335- JOHN 6ULLEN, CLERK OF THE BOARD OF 7225) SUPERVISORS AND COUNTY ADMINISTRATOR cc: BART via RDA AvalonBay Communities via RDA Community Development Department By �� Deputy Proposition 1-C bond funds, approved by the voters in November 2006, include a provisioNnfl r Transit-Oriented Development (TOD) financial assistance. The recommendation is to authorize submittal of an application to the California Department of Housing and Community Development for up to $10 million of Proposition 1-C TOD Infrastructure Grant funds for BART Station Enhancements, and for the Bicycle Station. The BART Board of Directors has endorsed the application of the County. The Contra Costa Centre Municipal Advisory Committee has also been highly supportive of the Station Enhancement program. THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on April 15, 2008, by the following vote: AYES: Z_ _ NOES: Pop( ABSENT': srA,coiiK'� ABSTAIN: NO iJ k�/ Resolution No. 2008/220 SUBJECT: State Transit-Oriented Development Housing Program WHEREAS, the State of California, Department of Housing and Community Development (the "Department") has issued a Notice of Funding Availability ("NOFA") under its Transit-Oriented Development ("TOD") Housing Program issued on December 11, 2007 and WHEREAS, the County of Contra Costa (the "County") is authorized to do business in the State of California and is empowered to enter into an obligation to receive State funds for the new construction or rehabilitation of a rental and/or ownership housing development, acquisition or rehabilitation of a rental and/or ownership housing development, conversion of a nonresidential structure to a rental and/or ownership housing development, or development of infrastructure supporting the accessibility of a rental and ownership housing development to transit; and WHEREAS, the County wishes to obtain from the Department aTOD Housing Program Infrastructure Grant for a rental and/or ownership housing development or for develiopment of infrastructure supporting the accessibility of a rental and/or ownership housing development to transit; and WHEREAS, the County is an Eligible Sponsor under the TOD Housing Program. NOW, THEREFORE, BE IT RESOLVED: That the County is hereby authorized to submit an application for an Infrastructure Grant in an amount not to exceed $10,000,000 (the "TOD Grant") in connection with the Department's grant of funds to the Infrastructure Grant pursuant to the Notice of Funding Availability (NOFA) issued on December 11, 2007 for use in the County of Contra Costa. RESOLVED FURTHER: If the application is approved, the Infrastructure Grant is hereby authorized to incur an obligation for the TOD Infrastructure Grant. That in connection with the TOD Infrastructure Grant,the County is authorized and directed to enter into, execute, and deliver, a State of California Standard Agreement, and any and all other documents required or deemed necessary or appropriate to carry into effect the full intent and purpose of the above resolution, in order to evidence the TOD Infrastructure Grant, the County obligations related thereto, and the Department's security therefore; including, but not limited to, a promissory note, a deed of trust and security agreement, a regulatory agreement, a development agreement and certain other documents required by the Department as security for, evidence of or pertaining to the TOD Infrastructure Grant and all amendments thereto (collectively, the "TOD Infrastructure Grant Documents"). RESOLVED FURTHER: The County is further authorized to request amendments, including increases in amounts up to amounts approved by the Department, and to execute any and all documents required by the Department to govern and secure these amendments. RESOLVED FURTHER: That James Kennedy, Director of Redevelopment is hereby authorized to execute an application for a TOD Infrastructure Grant, the TOD County Documents, and any amendment or modifications thereto, on behalf of the Infrastructure Grant. A � RESOLVED FURTHER- That this Resolution shall take effect immediately upon its passage.. I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown: ATTESTED: April 15,2008 JOHN CULLEN,Clerk of the Board of Supervisors and County Administrator By O ty RESOLUTION NO. 20081220