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REDEVELOPMENT AGENCY AGENDA ITEM NO. 35


Meeting Date: July 22, 2008

Subject/Title: Adopt a Resolution making findings and determinations in accordance with Health and Safety Code Section 33445 for the financing of the Downtown Parking Solutions Project, CIP No. 337-37204, by the Brentwood Redevelopment Agency in the amount of $532,500.

Prepared by: Donald Kwong, Senior Redevelopment Analyst

Submitted by: Casey McCann, Community Development Director


RECOMMENDATION
Adopt a Resolution making findings and determinations in accordance with Health and Safety Code Section for the financing of the Downtown Parking Solutions Project, CIP No. 337-37204, in an amount not to exceed $532,500 for 2008/09 project costs.

PREVIOUS ACTION
On June 12, 2007, by Resolution No. 2007-179, the City Council amended the 2007/08 – 2011/12 Capital Improvement Project for Downtown Parking Structures.

On February 12, 2008, by Resolution RDA-137, the Redevelopment Agency appropriated funds for Downtown Parking Structures in the amount of $300,000 for legal and appraisal services.

On April 8, 2008, by Resolution No. RDA-140, the Redevelopment Agency appropriated funds for Downtown Parking Structures for a total amount of $50,000 for acquisition, relocation and environmental services.

On May 27, 2008, by Resolution No. 2008-137, the City Council adopted the City’s 2008/09 – 2012/13 Capital Improvement Program that included the Downtown Parking Solutions Project, CIP No. 337-37204, in the amount of $11,216,000, which amount is fully funded by the Brentwood Redevelopment Agency.

On June 24, 2008, by Resolution No. RDA-142, the Redevelopment Agency amended its 2008/09 budget and authorized expenditures for fiscal year 2008/09, which included a budget amount of $532,500, a partial funding of the Agency’s expected contribution of $11,216,000 for the Downtown Parking Solutions Project.

BACKGROUND
The Downtown Parking Solutions CIP will provide for a comprehensive plan for parking facilities and solutions disbursed throughout the Downtown in strategic locations to address the parking demands required for the growth of the Downtown. These public improvements will reduce parking congestion and improve traffic circulation in the Downtown, and will support the economic growth of Downtown Brentwood.

The payment of Redevelopment Agency funds towards this project will assist in the elimination of blighting conditions inside the Merged Redevelopment Project Areas by providing necessary public improvements that, in turn, will reduce parking congestion and improve traffic circulation, and provide stimulus for private economic investment that encourages development in the Civic Center and Downtown district. The Downtown Parking Solutions project is consistent with the identified goals and objectives in the Agency’s 2005-2009 Implementation Plan and will benefit not only the Project Area but the community as a whole.

Community Redevelopment Law Section 33445 states that a redevelopment agency may, with the consent of the legislative body, pay all or part of the cost for the planning and construction of publicly owned buildings and improvements upon making findings and determinations including a finding that no other reasonable means of financing the improvements are available to the City. Such findings and determination are included in the Agency’s resolution for this item, as well as a reciprocal staff report and resolution for the City Council on tonight’s agenda.

FISCAL IMPACT
The payment of $532,500 towards the Downtown Parking Solutions, CIP 337-37204, shall be funded by the Redevelopment Agency’s Tax Allocation Bonds, Series 2001. These funds are included in the 2008/09 Redevelopment Operating Budget and 2008/09 CIP budget.


Attachment:
Resolution





RESOLUTION NO. RDA-

A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BRENTWOOD MAKING FINDINGS AND DETERMINATIONS IN ACCORDANCE WITH HEALTH AND SAFETY CODE SECTION 33445 FOR THE FINANCING OF DOWNTOWN PARKING SOLUTIONS, CIP NO. 337-37204, IN THE AMOUNT OF $532,500


WHEREAS, on June 12, 2007, by Resolution No. 2007-179, the City Council amended the 2007/08 – 2011/12 Capital Improvement Project for Downtown Parking Structures.

WHEREAS, on February 12, 2008, by Resolution RDA-137, the Redevelopment Agency appropriated funds for Downtown Parking Structures in the amount of $300,000 for legal and appraisal services; and

WHEREAS, on April 8, 2008, by Resolution No. RDA-140, the Redevelopment Agency appropriated funds for Downtown Parking Structures for a total amount of $50,000 for acquisition, relocation and environmental services; and

WHEREAS, on May 27, 2008, by Resolution No. 2008-137, the City Council adopted the City’s 2008/09 – 2012/13 Capital Improvement Program that included the Downtown Parking Solutions Project, CIP No. 337-37204, in the amount of $11,216,000, which amount is fully funded by the Brentwood Redevelopment Agency; and

WHEREAS, on June 24, 2008, by Resolution No. RDA-142, the Redevelopment Agency amended its 2008/09 budget and authorized expenditures for fiscal year 2008/09, which included a budget amount of $532,500, a partial funding of the Agency’s expected contribution of $11,216,000 for the Downtown Parking Solutions Project; and

WHEREAS, the Downtown Parking Solutions Project, located within the Merged Redevelopment Project Areas, will provide for a comprehensive plan for parking facilities and solutions disbursed throughout the Downtown in strategic locations to address the parking demands required for the growth of the Downtown. These public improvements will reduce parking congestion and improve traffic circulation in the Downtown, and will support the economic growth of Downtown Brentwood.

NOW, THEREFORE BE IT RESOLVED by the Redevelopment Agency of the City of Brentwood as follows:

1. The Agency hereby finds and determines as follows:

a. The payment of funds for the Downtown Parking Solutions Project will assist in the elimination of physical and economic blighting conditions inside the Project Area by providing necessary public improvements.

• An updated Downtown parking study commissioned in August 2006 re-affirmed the conclusions of the original 2005 Downtown Brentwood Parking Study that found an inadequate parking supply to support future growth and demands in the Downtown. The parking study concluded that the anticipated future development will result in an overall parking demand of 840 spaces in the Downtown for evening and approximately 1000 spaces for mid-day. Parking solutions, including surface lots and parking structures, should provide parking facilities that are convenient and safe and address existing and future parking needs to support the Civic Center and the economic growth of Downtown Brentwood.

The planning for new and improved streetscape design in Downtown Brentwood began with workshops held in January, February and April 2008 with the Chamber of Commerce, Downtown merchants and community members. These workshops provided the City with a clear direction of the Downtown district’s vision to widen sidewalks on the core shopping and dining streets for the purpose of providing opportunities for outdoor dining and merchandising, adding to the vibrancy and activity on the streets. Reconfiguration of Downtown core streets to accommodate wider sidewalks will displace approximately 50 to 60 existing angled, on-street parking with on-street parallel parking. New parking facilities are needed to address the potential loss of angled, on-street parking spaces.


b. The Downtown Parking Solutions Project is consistent with the identified goals and objectives in the 2005-2009 Implementation Plan as follows:

 Revitalize the Merged Project Areas through the improvement and installation of public improvements, public safety provisions, transportation, circulation and parking facilities to reduce congestion, improve public safety and accommodate long-term growth and development patterns.

c. The Downtown Parking Solutions Project will be a significant benefit to the Project Area. This finding is based on the fact that the project will reduce parking congestion and improve traffic circulation thus providing a stimulus for private economic investment, and will benefit not only the immediate Project Area but the community as a whole.

d. There are no other reasonable means available to the City of financing the Project’s costs of $532,500 in 2008/09. This finding is based on the lack of sufficient funds in the capital improvement budget of the City to fund the Project together with other urgently needed public improvements and facilities, and the infeasibility of financing the Project through an assessment district, debt service or other conventional method of financing public facilities.

PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the City of Brentwood at a regular meeting held on the 22nd day of July 2008 by the following vote:





 
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