HomeMy WebLinkAboutPCDC Resolution 2007-10 06/18/2007RESOLUTION NO. 2007-10
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
RESOLUTION CONSENTING IN ACCORDANCE WITH
CALIFORNIA HEALTH AND SAFETY CODE SECTION 33445
TO FUNDING $15M FROM PCDC TO ACCOUNT 5530-MERGED PROJECT AREA-C501304
FOR THE OLD REDWOOD HIGHWAY INTERCHANGE PROJECT
BETWEEN FY 08-09 THROUGH FY 11-12
(ALL UNFUNDED PHASES OF PROJECT DEVELOPMENT THROUGH CONSTRUCTION)
WHEREAS, California Health and Safety Code Section 33445 provides that redevelopment
agencies may, with the consent of the legislative body, pay all. or part of the value of land for
and the cost of the installation and construction of any building, facility, structure, or other
improvements that are publicly owned either within or without the project area, subject to
certain specified findings being made; and,
WHEREAS, completing the Old Redwood Highway Interchange/Over-Crossing
improvement component of Caltrans' Central HOV Project concurrently with the larger project
will result in earlier receipt of project benefits, cost efficiencies, reduction of traffic disruption and
shorter construction durations; and,
WHEREAS, the Old Redwood Highway Interchange/Over-Crossing Project ("the Project")
is funded from $1 OM of Measure M and $2.3M City/PCDC; and,
WHEREAS, the total Project cost is estimated at $27M; and,
WHEREAS, the Project requires an additional $15M; and,
WHEREAS, before the PCDC may contribute funds for publicly owned improvements, the
consent of the legislative body must be given and the following findings must be made in
accordance with California Health and Safety Code Section 33445:
That the improvements are of benefit to the project area or the immediate
neighborhood in which the project is located;
2. That no other reasonable means of financing the improvements is available to
the community; and
PCDC Resolution 2007-10 Page 1
3. That the payment of funds for the cost of the improvements will assist in the
elimination of one or more blighting conditions inside the project area, and will be
consistent with the implementation plan adopted by the redevelopment
agency; and
WHEREAS, the Petaluma Community Development Commission ("PCDC") Five-Year
Implementation Plan ("Implementation Plan") for the Central Business District ("CBD") and
Petaluma Community Development ("PCD") areas (collectively, the "Project Areas`') as
adopted by the PCDC on June 1 1, 2007 provides for the transfer of certain specified tax
increment funds for the purpose of funding roadway reconstruction and related improvements
as more particularly described in the Implementation Plan, including the Project; and,
WHEREAS, the public improvements in the Project are of benefit to the Project Areas in
that they will rehabilitate and improve public facilities and infrastructure within the Project Areas,
improve transportation and traffic circulation along the Old Redwood Highway corridor and
facilitate private investment and revitalization of the Project Areas by alleviating impediments to
circulation and access that deter revitalization; and,
WHEREAS, City staff are aware of no other source of funds reasonably available to
undertake the City's share of funding for the public improvements, as the only other source
available for such purpose would be City general fund revenues which are committed for the
provision of essential services such as police and fire services; and,
WHEREAS, payment of funds for the public improvements will assist in the elimination of
blighting conditions in the Project Areas in that they will rehabilitate and improve public facilities
and infrastructure within the Project Areas, improve transportation and traffic circulation along
the Old Redwood Highway corridor and facilitate redevelopment of the Project Areas by
alleviating impediments to circulation and access that deter revitalization.
NOW, THEREFORE, BE IT RESOLVED by the Petaluma Community Development Commission
as follows:
1. Based upon the foregoing, the Petaluma Community Development Commission
hereby finds in accordance with California Health and Safety Code section 33445
and other applicable law that (i) the expenditure of tax increment funds to
undertake the public improvements and the Project as set forth in this Resolution
and the Implementation Plan will be of benefit to the Project Areas, (ii) no other
PCDC Resolution 2007-10 Page 2
reasohable means of financing the public improvements and the Project is
2.
reasonably available, (iii) completion of the public improvements and the
Project will assist in the elimination of blighting conditions in the Project Areas; and
(iv) completion of the public improvements and the Project is consistent with the
Implementation Plan adopted for the Project Areas.
The City Council of the City of Petaluma hereby consents to the contribution of
$15M from PCDC to account 5530-Merged Project Area-C501304 (as scheduled
in Exhibit A) for the Old Redwood Highway Interchange/Over-Crossing Project.
ADOPTED this 18th day of June, 2007, by the following vote:
Commissioner Aye No Absent Abstain
Barrett X
Freitas X
Harris X
Vice Chair Nau X
O'Brien X
Rabbitt X
Chair Torliatt X
`~.
ATTEST:
Claire Cooper, Recording S retary
APPROVED AS TO FORM:
Eric Danly, eneral Counsel
PCDC Resolution 2007-10 Page 3
Preliminary Project Cost Estimate
Cost Est. ($000) Est'd.
Taslc (includes City 5°I° Dollars
overhead cost) Needed
($000)
Project Study 502
Report (PSR)
Project Approval
and Environmental
Document
(PA&ED)
Plans,
Specification, and
Estimate (PS&E)
Right-of-Way
Support
Construction
Support
Right-of-Way
Acquisition
Construction
Total Project Cost
710
2,310
1,202
263
3,150
1,050
19,425
$27,410
263
3,150
1,050
9,495
$15,090
a Includes Escalation of Capital 4 years at 4%
Estimated Time
Schedule
Est'd. FY
When FY - FY
Dollars
Needed
03/2007 -
04/2008
04/2008 -
06/2009
06/2009 -
08/09 04/2011
06/2009 -
08/09 10/2010
12/2011 -
11 /12 06/2014
06/2009 -
08/09 10/2010
12/2011 -
11/12 06/2014
Funds Available As of May 30, 2007
($000)
Traffic Mitigation Impact Fees 500
AD 21 74
Developer Contributions 1,746
Measure M 10,000
Total $12,320
Additional Funds Needed $15,090
Total Project Cost $27,410
PCDC Resolution 2007-10 Page 4