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REDEVELOPMENT AGENCY AGENDA ITEM NO. 36


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 Civic Center Parking Facility Project, CIP No. 337-37196, by the Brentwood Redevelopment Agency in the amount of $400,000.

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 33445 for the financing of the Civic Center Parking Facility Project, CIP No. 337-37196, in an amount not to exceed $400,000.

PREVIOUS ACTION
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 Civic Center Parking Facility Project, CIP No. 337-37196, in the amount of $7,500,000, 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 $5,224,418, a partial funding of the Agency’s expected contribution of $7,500,000 for the Civic Center Parking Facility Project.

BACKGROUND
The Civic Center Parking Facility CIP will provide for the construction a 280+ parking structure to accommodate the new Civic Center and support redevelopment of the Downtown and the increased patron traffic on both weekdays and weekends.

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 in the Civic Center and Downtown. The Civic Center Parking Facility 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 facilities and infrastructure 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 $400,000 towards the Civic Center Parking Facility, CIP 337-37196, 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 THE CIVIC CENTER PARKING FACILITY, CIP NO. 337-37196, IN THE AMOUNT OF $400,000


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 Civic Center Parking Facility Project, CIP No. 337-37196, in the amount of $7,500,000, which amount is fully funded by the Brentwood Redevelopment Agency (“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 $5,224,418, a partial funding of the Agency’s expected contribution of $7,500,000 for the Civic Center Parking Facility Project; and

WHEREAS, the Civic Center Parking Facility Project, located within the Merged Redevelopment Project Areas, will provide for the installation of new parking facilities to serve the Civic Center that includes new and expanded library, a new community center and art gallery, a restored city park, a City Hall with outdoor community art arcades, historic walk and a civic center plaza for use as a gathering place for the community. These public improvements will reduce parking congestion and improve traffic circulation in the Civic Center and the Downtown, and will support the Civic Center uses and 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 Civic Center Parking Facility Project will assist in the elimination of physical and economic blighting conditions inside the Project Area by providing necessary public improvements.

 The Downtown 2010 community workshops held in the summer 2006 provided the City with a clear understanding of the community’s vision of private and civic uses circling the City Park. The desired Civic Center includes a new and expanded library, a new community center and art gallery, a restored city park, a City Hall with outdoor community art arcades, historic walk and a civic center plaza for use as a gathering place for community-wide events and festivals. An updated parking study was commissioned based on the input received from 2010 community workshops. The conclusions re-affirmed the original 2005 parking study conclusions that there is an inadequate parking supply to support future demands. 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 Civic Center Parking Facility Project will provide approximately 280+ spaces, with some permitted parking during the workday and non-permitted parking during the evenings and weekends to accommodate community events and festivals.

b. The Civic Center Parking Facility 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 Civic Center Parking Facility 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 $400,000. 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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