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HomeMy WebLinkAboutStaff Report 3.C 01/09/2017Agenda Item #3.0 rs5$ DATE: January 9, 2017 TO: Honorable Mayor and Members of the City Council FROM: John C. Brown, City Manager...J 4Z--!�r SUBJECT: Resolution Approving Cooperative Funding Amendment No. 2 Between the Sonoma County Transportation Authority and the City of Petaluma RECOMMENDATION It is recommended that the City Council/ Petaluma Community Development Successor Agency adopt a Joint Resolution Approving and Authorizing the City Manager to Execute a Cooperative Funding Amendment No. 2 Between the Sonoma County Transportation Authority and the City of Petaluma, to make available $7,000,000 of construction funds for a portion of the Marin Sonoma Narrows (MSN) C2 project. BACKGROUND Note: This section is not intended to provide exhaustive background of the MSN C-2 project, the Rainier Cross Town Connector Undercrossing/Interchange project, Redevelopment Dissolution, or the 2011 private placement bonds. Full background information can be accessed in the staff reports associated with the City Council and Petaluma Community Development Commission actions taken on the dates noted below. On January 4, 2010 the City Council approved resolutions which separated the Rainier Cross Town Connector/Undercrossing project from the larger Rainier Interchange and Crosstown Connector project. This was done to advance a portion of the larger project over which the City has most control, with intention to address the remaining project at a later date. The resolutions approved proceeding with a Project Study Report of the Rainier Avenue Crosstown Connector Undercrossing (hereinafter the Rainier Project), proceeding with environmental documentation preparation, and consenting to expenditure of nearly $1.5 million in tax increment for the project. On December 20, 2010 the City Council adopted Resolution 2010-226 N.C.S. which approved a Cooperative Funding Agreement between the Sonoma County Transportation Authority (SCTA) and the City of Petaluma for the Rainier Avenue Undercrossing Structure Project component of the Marin Sonoma Narrows Segment C (MSN -C) Project. This obligated the City to $498,000 for design work. SCTA estimated the construction phase of the Undercrossing Structure project at $7 million, and on January 31, 2011 the City Council and PCDC adopted resolutions authorizing execution of a cooperative agreement between the City and the PCDC committing tax increment fiends to specified projects, including an additional $7 million to the Rainier Project. On January 31, 2011 Assembly Bill (AB) xl 26 was introduced, which proposed to dissolve Redevelopment agencies statewide. It was subsequently adopted in June, 2011. A legal challenge, California Redevelopment Association v Matosantos, was ultimately decided in favor of the State in December 2011 by the California State Supreme Court. AB x1 26 provided localities could elect to serve as the successor agency charged with winding down the former redevelopment agency's affairs, including: payment of debt service, contractual obligations recognized as binding by the State Department of Finance (DOF), and administrative activities related to dissolution. State approval for funding these activities is obtained by submitting an annual budget, the Recognized Obligations Payment Schedule (ROPS) for approval by the DOF. On January 9, 2012 by Resolution No. 2012-007 N.C.S., the City Council elected that the City of Petaluma serve as the Successor Agency to the former PCDC. Before AB xt 26 was law, or upheld by the Courts, to avoid disruption of the City's planned capital improvements and to secure funding for critical projects such as the Old Redwood Interchange and Rainier Crosstown Connector Undercrossing, the City/PCDC went out for bond financing. On March 7, 2011, the City Council, the PCDC, and the Petaluma Public Finance Authority approved a private placement of debt intended to generate proceeds to fund these critical capital costs. The City entered into an agreement with a private lender for $11.3 million, intended to provide approximately $10 million in financing for transportation improvements for the Old Redwood Highway Interchange Project and the Rainier Project. To "obligate" this debt, for purposes of State requirements, the City Council adopted Joint Resolution 2011-046 N.C.S. on March 21, 2011 which authorized the City Manager/Petaluma Community Development Commission Executive Director to negotiate and execute a cooperative agreement between the City and SCTA providing a commitment of up to $7,000,000 in construction funds for the Rainier Avenue Cross Town Connector/Interchange Project pending approval of the City Attorney and the PCDC Counsel. The City and SCTA entered into the Cooperative Funding Agreement on March 31, 2011, and later amended and replaced it in its entirety by Cooperative Funding Agreement, Amendment No. 1, dated June 15, 2011 (Attachment 2). The design work under the Funding Agreement was completed, and the City completed associated environmental review. The construction phase of the project awaits Caltrans and SCTA funding for the remainder of the MSN C-2 project. As noted previously, the Successor Agency funds the activities of the former PCDC using the ROPS process. The ROPS for 2016 was approved by the State DOF in March 2016 and included a draw -down of approximately $5.8 million in proceeds from the 2011 Bonds for the Old Redwood Highway Interchange project, the Rainier project, and the E. Washington Interchange project. This was the maximum that could be obtained at the time, based on monies spent on the noted projects. ISCUSSION A recent fire in eucalyptus trees adjacent to Highway 101 near the E. Washington Interchange, and the subsequent removal of the damaged trees, initiated a conversation regarding the desirability of building the sound walls that are to be constructed in that area as part of the MSN 2 C-2 project. SCTA staff is enthusiastic about building the sound walls in order to help expedite future delivery of the highway widening and to provide benefit to residents, but lack sufficient funds. The preliminary estimate shows costs to build one or more of the sound walls is between $7 and $12 million. SCTA and City staff have discussed City allowing SCTA to utilize the funding for Rainier to build, or help to build, the sound walls, and then subsequently construct the Rainier undercrossing when the remainder of the MSN C-2 goes forward - using SCTA funding. To assure the City's funds are protected if the project is not built by May 1, 2025, SCTA proposes to return the funding at that time, using Measure M funds. The City has received reimbursement approval for a portion of this project through the ROPS process, and can request the remainder through the ROPS for 2017 in an amount estimated at approximately $4.7 million. City staff believes this proposal provides benefits to the residences and businesses that will be protected by the sound walls. It also provides the benefit of drawing down remaining 2011 Bond proceeds and putting them to immediate use. Benefits also include hedging against price inflation that is likely to occur the longer the time between original cost estimates for the Rainier Undercrossing and its construction. Amendment No. 2 to the Funding Agreement was negotiated to facilitate this transaction, and was approved by the SCTA Board on December 12, 2016. This is provided as Exhibit A, to the attached resolution. The Agreement provides the City will forward funding within 30 days of commencement of the project, anticipated to be the acquisition of temporary construction easements necessary to build the sound walls. SCTA would then be responsible for constructing the Rainier Undercrossing component at the time the remainder of the MSN C-2 project goes forward, or repaying the funds if construction has not occurred by May 1, 2025. SCTA's current Measure M Highway 101 cash flow estimates project a balance of over $17M in 2025 to provide funds if repayment is needed. The transaction is contingent on State DOF approval of a request for funding on the 2017 ROPS. A separate item on the January 9, 2017 agenda is the 2017 ROPS, which includes a line item for the project, in an amount of $4.7 million. The ROPS is scheduled for Oversight Board consideration later in January, and submission to the DOF by February 1, 2017. FINANCIAL IMPACTS Reimbursement of approximately $5.88 million from the 2011 Bonds was approved by the DOF on the 2016 ROPS. An additional $4.7 million has been included on the ROPS for 2017. Together, these amounts draw down the 2011 Bonds, recover funding for the Old Redwood Highway and E. Washington Interchange projects, and provide funding for the Rainier Undercrossing project and this recommended transaction. ATTACHMENTS 1. Resolution with Exhibit A: Cooperative Funding Agreement, Amendment No. 2 2. Cooperative Funding Agreement, Amendment No. 1, dated June 15, 2011 JOINT RESOLUTION NO. A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PETALUMA AND THE PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A COOPERATIVE FUNDING AMENDMENT NO. 2 BETWEEN THE SONOMA COUNTY TRANSPORTATION AUTHORITY AND THE CITY OF PETALUMA, TO MAKE AVAILABLE $7,000,000 OF CONSTRUCTION FUNDS FOR A PORTION OF THE MARIN SONOMA NARROWS (MSN) C-2 PROJECT. WHEREAS, the City of Petaluma (City) is a California municipal corporation and charter city; and WHEREAS, the Petaluma Community Development Commission (PCDC) was a redevelopment agency formed, existing, and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Codes Section 3000 et. seq.; and WHEREAS, under ABxl 26 and the California Supreme Court's decision in California Redevelopment Association v Matosantos, all California Redevelopment agencies, including the PCDC, were dissolved on February 1, 2012; and WHEREAS, on January 9, 2012 by Resolution No. 2012-007 N.C.S., the City Council elected that the City of Petaluma serve as the Successor Agency (Successor Agency) to the former PCDC; and WHEREAS, on January 4, 2010 the City Council and the PCDC adopted resolutions approving proceeding with a Project Study Report of the Rainier Avenue Crosstown Connector Undercrossing (the Rainier Project), proceeding with environmental documentation preparation and consenting to expenditure of nearly 1.5 Million in tax increment for the project, and making required findings under California Health and Safety Code section 33445; and WHEREAS, on December 20, 2010 the City Council adopted Resolution 2010-226 N.C.S. Authorizing the City Manager to Execute a Cooperative Funding Agreement between the Sonoma County Transportation Authority (SCTA) and the City of Petaluma for the Rainier Avenue Undercrossing Structure Project C00501204 Segment C2 Component of the Marin Sonoma Narrows Segment C (MSN -C) Project; and WHEREAS, on January 31, 2011 the City Council and the PCDC adopted resolutions authorizing execution of a cooperative agreement between the City and the PCDC committing tax increment funds to the specified projects, including commitment of an additional $7 Million 4 to the Rainier Project and making required findings under California Health and Safety Code section 33445; and WHEREAS, on March 7, 2011, the City Council, the PCDC, and the Petaluma Public Financing Authority authorized proceeding with a private placement of debt intended to generate debt proceeds of up to $15 million to fund improvement costs for the Old Redwood Highway Interchange and the Rainier Project; and WHEREAS, the City entered into an agreement with a private lender for $11.3 million in financing, to provide approximately $10 million in financing for transportation improvements for the Old Redwood Highway Interchange Project and the Rainier Project (2011 Bonds); and WHEREAS, on March 21, 2011 the City Council/PCDC adopted Joint Resolution 2011- 046 N.C.S., which authorized the City Manager/PCDC Executive Director to negotiate and execute a cooperative agreement between the City and SCTA providing a commitment of up to $7,000,000 in construction funds for the Rainier Avenue Cross Town Connector/Interchange Project pending approval of the City Attorney/PCDC Counsel; and WHEREAS, the Parties entered into that certain Cooperative Funding Agreement dated as of March 31, 2011 (the "Original Cooperative Agreement"), which Original Cooperative Agreement was subsequently amended and replaced in its entirety by that certain Cooperative Funding Amendment No. 1 dated as of June 15, 2011 (hereafter, the "First Amended Cooperative Agreement"); and WHEREAS, in February 2016 the Successor Agency requested through the Recognized Obligations Payment Schedule (ROPS) process, and in March 2016 the State Department of Finance approved the Successor Agency's request to draw down approximately $5.8 million in proceeds from the 2011 Bonds for the Old Redwood Highway Interchange and Rainier Projects, and the E. Washington Interchange Project; and WHEREAS, SCTA desires to move forward with a portion of the MSN C-2 project, specifically the installation of sound walls at the East Washington Interchange, which is estimated to have a cost of approximately $7 million; and WHEREAS, SCTA currently lacks the funds to commence construction of the sound walls, but the Successor Agency has or may seek to access through the ROPS process the funds that have been reserved for construction of the Rainer Project; and WHEREAS, SCTA and City staff have negotiated an Amendment (Second Cooperative Agreement Amendment) to the First Amended Cooperative Agreement to make this funding available for use by SCTA for the sound wall component of the MSN C-2 Project, and which obligates SCTA to construct the Rainier Project as a component of the MSN C-2 Project, or return the forwarded funds to the City if the Rainier Project is not constructed by May 1, 2025; and WHEREAS, the funding committed by this action is related to a project which was the subject of the Original Cooperative Agreement approved by the City Council and the PCDC on January 31, 2011 by City Resolution No. 2011-016 N.C.S. and PCDC Resolution No. 2011-02, respectively, and which contained detailed CEQA findings for the MSN C-2 Project. Notices of Determination pursuant to CEQA for the cooperative agreement were filed by the City Clerk and PCDC on or about February 7, 2011 and no further CEQA review is required for this action; NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma and the Board of the Petaluma Community Development Successor Agency as follows: 1. The City Manager/PCDSA Executive Director is hereby authorized on behalf of the City and the PCDSA to execute the attached Cooperative Funding Amendment No. 2 Between the Sonoma County Transportation Authority and the City of Petaluma, incorporated as Exhibit A to this Resolution. 2. The City Manager/PCDSA Executive Director is hereby authorized on behalf of the City and the PCDSA to undertake such actions and to execute such additional instruments as may be necessary or desirable to carry out the intent of this resolution. 3. If any provision, sentence, clause, section or part of this resolution is found to be unconstitutional, illegal, or invalid, such finding shall affect only such provision, sentence, clause, section or part, and shall not affect or impair any remaining parts. I EXHIBIT A COOPERATIVE FUNDING AMENDMENT NO. 2 BETWEEN THE SONOMA COUNTY TRANSPORTATION AUTHORITY AND CITY OF PETALUMA This Cooperative Funding Amendment No. 2 (this "Amendment") is made and entered into as of , 2017 ("Effective Date") by and between the City of Petaluma ("City") and the Sonoma County Transportation Authority (the "Authority"). The City and the Authority are collectively referred to herein as the "Parties." RECITALS A. The Parties entered into that certain Cooperative Funding Agreement dated as of March 31, 2011 (the "Original Agreement"). The Original Agreement was subsequently amended and replaced in its entirety by that certain Cooperative Funding Amendment No. dated as of June 15, 2011 (hereafter, the "Funding Agreement"). B. The Funding Agreement defines a framework to enable the Parties to work cooperatively to develop plans, specifications, and estimates, perform environmental work, and undertake construction for the Rainier Cross Town Connector Undercrossing (the "Rainier Component") as a component of the Marin Sonoma Narrows C2 project in Sonoma County (referred to herein as the "MSN C2 Project" or the "Project"). Among other things, the Funding Agreement addresses the respective responsibilities of the Parties regarding completion of environmental review, design, engineering, financing, bidding, and construction of the various components of the MSN C2 Project, including the Rainier Component. C. As described in the Funding Agreement, the City consented to the commitment by the former Petaluma Community Development Commission ("PCDC") to provide funds for the Project in the amount of Four Hundred Ninety -Eight Thousand Dollars ($498,000) for the development of plans, specifications and estimates, and an additional Seven Million Dollars ($7,000,000) for construction costs. D. Effective as of the dissolution of PCDC on February 1, 2012, the City serves as the successor agency to PCDC ("Successor Agency"). E. Both the Oversight Board to the Successor Agency ("Oversight Board") and the State Department of Finance ("DOF") have acknowledged that PCDC's commitment of fiinds for the Project is an enforceable obligation of the Successor Agency, and have approved the expenditure of the proceeds of bonds issued by PCDC for the Project. F. The Parties desire to amend the Funding Agreement to address the schedule for the City's/Successor Agency's advance of funds for, and the Authority's completion of, the Project, including the Rainier Component. AGREEMENT NOW, THEREFORE, in consideration of the foregoing, the Parties do hereby agree as follows: Funding. Contingent upon approval by the Oversight Board and DOF as reflected in their approval of the Successor Agency's Recognized Obligation Payment Schedule for fiscal year 2017-18 ("ROPS 2017-18"), the City will arrange to advance to the Authority the remainder of the funds that PCDC committed to provide for the Project. The Parties acknowledge and agree that as of the Effective Date, the sum of $63,745.57 remains undisbursed of the original $498,000 budgeted for plans, specifications and estimates (the "PS&E Budget"), and the entire $7,000,000 remains undisbursed of the original funds budgeted for construction (the "Construction Budget"). 2. Payments. The Authority will submit monthly invoices to City for the development of the plans, specifications and estimates ("PS&E Work"), along with a summary of the work completed to date and such documentation as City shall reasonably require. In the aggregate, City's advance of funds for PS&E Work shall not exceed the PS&E Budget without City's prior written consent. City shall arrange for advances of funds in the aggregate amount of the Construction Budget within thirty (30) days following Authority's commencement of acquisition of right-of-way for the Project, including acquisition of temporary construction easements -for construction of the MSN C2 Project components. The Parties anticipate that the Authority will require the expenditure of funds in an amount equal to the entire Construction Budget during the period covered by ROPS 2017-18. In the aggregate, City's advance of funds for construction of the MSN C2 Project components shall not exceed the Construction Budget without City's prior written consent. 3. Completion. The Authority will diligently proceed to complete the various components of the MSN C2 Project. If construction of the Rainier Component is not completed by May 1, 2025 ("Outside Date"), the Authority will reimburse the City in the amount of the Construction Budget using Measure M Highway 101 Program Funds or other sources of funds available to the Authority by not later than 30 days following the Outside Date. The Authority shall be responsible for reimbursement to City of any costs incurred by City in connection with enforcement of this Section 3. This Section 3 shall survive the cancellation, termination, or discharge of the Funding Agreement. 4. Agreement Remains Effective. Except as modified by this Amendment, the Funding Agreement remains unmodified and is in full force and effect. 5. Miscellaneous. M 5.1 Notices. Any notice which may be required under this Amendment shall be in writing, shall be effective when received, and shall be given by personal service, or by certified or registered mail, return receipt requested, to the addresses set forth below, or to such addresses which may be specified in writing to the Parties. To City: John Brown City Manager City of Petaluma 11 English Street, Petaluma CA 94592 (707) 778-4467 jbrown@ci.petaluma.ca.us To Authority: Suzanne Smith Executive Director Sonoma County Transportation Authority 490 Mendocino Avenue, Suite 206 Santa Rosa, CA 95401 (707)565-5373 suzsmith@scta.ca.gov 5.2 Additional Acts and Documents. Each Party agrees to do all such things and take all such actions, and to make, execute and deliver such other documents and instruments, as shall be reasonably requested to carry out the provisions, intent and purpose of this Amendment. 5.3 Integration. This Amendment and the Funding Agreement represents the entire agreement of the Parties with respect to the subject matter hereof. No representations, warranties, inducements or oral agreements have been made by any of the Parties except as expressly set forth herein, or in other contemporaneous written agreements. 5.4 Amendment. This Amendment may not be changed, modified or rescinded except in writing, signed by all Parties, and any attempt at oral modification of this Amendment shall be void and of no effect. 5.5 Independent Agencies. City renders its services under the Agreement and this Amendment as an independent agency. None of the City's agents or employees shall be agents or employees of the Authority. Authority renders its services under the Agreement and this Amendment as an independent agency. None of the Authority's agents or employees shall be agents or employees of the City. 5.6 Assignment. Neither the Agreement nor this Amendment may be assigned, transferred, hypothecated, or pledged by any Party without the express written consent of the other Party. I 5.7 Successors. This Amendment shall be binding upon the successor(s), assignee(s) or transferee(s) of the Authority or City as the case may be. This provision shall not be construed as an authorization to assign, transfer, hypothecate or pledge this Amendment other than as provided above. 5.8 Severability. Should any part of this Amendment be determined to be unenforceable, invalid, or beyond the authority of either Party to enter into or carry out, such determination shall not affect the validity of the remainder of this Amendment which shall continue in full force and effect, provided that the remainder of this Amendment can, absent the excised portion, be reasonably interpreted to give effect to the intentions of the Pal -ties. IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Effective Date. CITY OF PETALUMA By: City Manager ATTEST: By: City Clerk APPROVED AS TO LEGAL FORM: By: City Attorney APPROVED: Department Director APPROVED: Risk Manager Finance Director SONOMA COUNTY TRANSPORTATION AUTHORITY By: SCTA Chair APPROVED AS TO SUBSTANCE: By: Executive Director ' Legal Counsel to Authority 10 Contract No. SCTA11012 A-1 COOPERATIVE FUNDING AMENDMENT NO.1 ATTACHMENT 2 BETWEEN THE SONOMA COUNTY TRANSPORTATION AUTHORITY AND CITY OF PETALUMA This Amendment No. 1 is made and entered into as of 2011 ("Effective Date") by and between the City of aluma hereinafter referred to as "CITY" and the SONOMA COUNTY TRANSPORTATION AUTHORITY hereinafter referred to as "AUTHORITY." RECITALS 1. AUTHORITY and CITY desire to enter into a Cooperative Funding Amendment No. 1 to define a framework to enable the two parties to work cooperatively in developing plans, specifications, and estimates (PS&E), environmental work and construction phases for the Rainier Cross Town Connector Undercrossing structure to be included in the Marin Sonoma Narrows C-2 project in Sonoma County, as more particularly described in Exhibit A to this agreement (hereinafter referred to as "Undercrossing Project"), Amendment No. 1 to Agreement NO.SCTAI 1012 replaces Agreement No.SCTA11012 in its entirety. 2. Caltrans has completed the Environmental (PAED) phase of the MSN Project, 3. AUTHORITY is the lead for the development of Plans, Specifications and Estimate (PS&E) for MSN C2 Project, 4. AUTHORITY in cooperation with Caltrans will take appropriate measures to environmentally clear the addition of the Undercrossing Project structure in the MSN C2 Project. 5. CITY will environmentally clear the Rainier Cross Town Connector Project as a separate construction project, independent of the Undercrossing Project. 6. AUTHORITY and CITY developed a financial plan, a schedule, and roles and responsibilities for completion of the Undercrossing Project which is attached hereto as Exhibit B, Exhibit C, and Exhibit D (hereinafter referred to as the "Project Plan"). 7. CITY adopted Resolution No. 2010-009 N.C.S. on January 4, 2010 which separated the Rainier Interchange Project into two independent projects (Independent Project 1 — Rainier Interchange and Independent Project 2, Rainier Cross Town Connector), and based on findings required under the Community Redevelopment Law (California Health and Safety Code §33000 etseq.), consented to contribution of $498,000 of tax increment funds of the Petaluma Community Development Commission (hereinafter referred to as "PCDC") for the incorporation of the Undercrossing Project structure into the plans, specification and estimate (PS&E) of the MSN C2 project. By Resolution No. Cooperative Funding Agreement SCTA11012 A-1 City of Petaluma Page 1 of 13 Contract No. SCTA11012 A-1 2010-02, based on findings required under the Community Redevelopment Law, PCDC authorized contribution of $498,000 of PCDC tax increment funds for incorporation of the Undercrossing Project structure into the PS&E of the MSN C2 project. (Resolution No. 2010009 N.C.S. attached hereto as Exhibit E, Resolution No. 2010-02 attached here to as Exhibit F.) 8. CITY will provide $498,000 in funding to pay for the development of PS&E for the Undercrossing Project, 9. AUTHORITY is committed to developing the PS&E for the MSN C-2 Project and incorporating the Undercrossing Project structure into the MSN C-2 Project pending CITY obtaining environmental clearance of the separate Rainier Cross Town Connector Project. 10. AUTHORITY is not committed to providing funds for the development of the PS&E or construction phase of Undercrossing Project as part of the MSN C-2 Project. CITY has sole responsibility for funding all work and costs of the Undercrossing Project, as set forth in this Agreement; AUTHORITY has no obligation to perform the work anticipated by this Agreement if funds to do so are unavailable. 11. CITY is requesting that AUTHORITY incorporate the PS&E for the Undercrossing Project structure into its construction contracts as part of the MSN C-2 project if sufficient construction funds are available to constrict the undercrossing structure at the time the MSN C-2 project is ready to advertise for construction bids. 12. CITY, on January 31, 2011, adopted Resolution no. 2011-016 making findings required under the Community Redevelopment Law, consenting to the expenditure of tax increment funds for specified public improvements and redevelopment activities, including the Undercrossing Project, and authorizing execution of a cooperative agreement between CITY and PCDC committing tax increment funds to specified projects, including the Undercrossing Project. PCDC, on January 31, 2011 adopted Resolution no. 2011-02 making findings required under the Community Redevelopment Law authorizing expenditure of tax increment funds for specified improvements and redevelopment activities, including the Undercrossing Project, and authorizing execution of a cooperative agreement between CITY and PCDC committing tax increment funds to specified projects, including the Undercrossing Project. 13. CITY on March 7, 2011, by Resolution no. 2011-039, authorized issuance by PCDC of tax allocation bonds. PCDC, on March 7, 2011, by Resolution no. 2011-05, authorized issuance of tax allocation bonds. The Petaluma Public Financing Authority on March 7, 2011, by Resolution no. 2011-01 authorized purchase and sale of the PCDC bonds. 14. CITY and the PCDC, on March 21, 2011 jointly adopted Resolution No. 2011- 046 authorizing and directing the CITY Manager/PCDC Executive Director to negotiate Cooperative Funding Agreement SCTA11012 A-1 City of Petaluma Page 2 of 13 Contract No. SCTA11012 A-1 with AUTHORITY and execute an agreement committing up to $7,000,000 of private placement PCDC debt proceeds for the Undercrossing Project, as approved by legal counsel. NOW, THEREFORE, in consideration of the foregoing, AUTHORITY and CITY do hereby agree as follows: SECTION I CITY AGREES: 1. Total CITY Contribution. To provide $498,000 in local funds Cor other CITY contribution] towards the Undercrossing Project for the development of the PS&E and up to $7,000,000 for the construction phase of the Undercrossing Project in accordance with the MSN C-2 HOV Project, for a total City funding commitment under this Agreement to the Undercrossing Project of $7,498,000, as specified in the Financial Plan in Exhibit B. The cost of CITY's own administration, independent duality assurance, oversight, and project management is not considered a Project cost that is covered by this agreement and is not included in the MSN C-2 Project. CITY understands and acknowledges that it has sole funding responsibility for the Undercrossing Project. AUTHORITY has no obligation to perform work that is not funded by CITY. 2. Completion of Work. To timely complete the environmental clearance of the separate Rainier Cross Town Connector Project in accordance with the deadlines set forth in the MSN C-2 Project. 3. Pa ment. Invoices shall be submitted monthly to the CITY for the development of the PS&E, along with a summary of the work completed to date. Total PS&E payments shall not exceed $498,000 without CITY's consent. AUTHORITY will invoice CITY for a $290,000 initial deposit 30 working days prior to the construction contract bid advertisement date. This deposit represents one (1) months' estimated capital costs. Thereafter, AUTHORITY will submit to CITY monthly invoices for estimated monthly costs based on the prior month's actual expenditures. CITY agrees to make payments within 30 days. When CITY and AUTHORITY agree all work is complete, AUTHORITY will submit a ficial accounting to CITY. Based on the final accounting, CITY and AUTHORITY will refiind or invoice as necessary in order to satisfy the financial commitments in this Agreement. 4. Compliance with Laws. With regard to administering and completing CITY's responsibilities for the Undercrossing Project, CITY shall at all times comply with all applicable laws of the United States, the State of California, the County, and with all applicable regulations promulgated by federal, state, regional, or local administrative and regulatory agencies, now in force and as they may be enacted, issued, or amended during the term of this Agreement. Cooperative Funding Agreement SCTA11012 A-1 City of Petaluma Page 3 of 13 Contract No. SCTA11012 A-1 5. Records. To allow AUTHORITY to audit all expenditures relating to the Undercrossing Project funded through this Agreement. For the duration of the Project, and for five (5) years following completion of the Project, or earlier discharge of the Agreement, CITY shall make available to AUTHORITY all records relating to expenses incurred in performance of this Agreement. 6. Notice of Audit. To provide timely notice to AUTHORITY if an audit is to be conducted. SECTION II AUTHORITY AGREES: 1. Total AUTHORITY Contribution. The cost of AUTHORITY's own administration, independent quality assurance, oversight, and project management is not considered a Project cost that is covered by this agreement and is not included in the Project Plan. 2. Agreements. To modify AUTHORITY'S agreement with design consultant to include the PS&E of the Undercrossing Project. 3. Completion of Work. To timely complete the work necessary to complete PS&E of the MSN C-2 project including the Undercrossing Project structure. 4. Payment. To request payment from CITY for PS&E, based on monthly invoices. The total cost of PS&E work shall not exceed $498,000. To request payment from CITY for construction costs, based on monthly invoices of estimated expenses, in advance. Subject to the terms of this Agreement, including, but not limited, provision I of Section III, total CITY payments for construction costs will not exceed $7,000,000. 5. Initial Deposit. AUTHORITY will invoice CITY for a $290,000. initial deposit 30 working days prior to the construction contract bid advertisement date. This deposit represents one (1) months' estimated capital costs. 5. Compliance with Laws. With regard to administering and completing the AUTHORITY's responsibilities for the Project, AUTHORITY shall at all times comply with all applicable laws of the United States, the State of California, the County, and with all applicable regulations promulgated by federal, state, regional, or local administrative and regulatory agencies, now in force and as they may be enacted, issued, or amended during the term of this Agreement. 6, Records. To allow CITY to audit all expenditures relating to the Project funded through this Agreement. For the duration of the Project, and for five (5) years following Cooperative Funding Agreement SCTAI 1012 A-1 City of Petaluma Page 4 of 13 Contract No. SCTA11012 A-1 completion of the Project, or earlier discharge of the Agreement, AUTHORITY shall make available to CITY all records relating to expenses incurred in performance of this Agreement. 7. Notice of Audit. To provide timely notice to CITY if an audit of CITY records is to be conducted. SECTION III IT IS MUTUALLY AGREED: 1, Funding Needs. AUTHORITY will not incur costs beyond the funding commitment in this Agreement without CITY's consent and agreement. If additional funds beyond those identified in the Project Plan are necessary to complete the Undercrossing Project, AUTHORITY and CITY will cooperate to identify and secure new, increased, or replacement funding. If funding cannot be identified to complete the project, this agreement can be discharged by either party as provided in Paragraph 3 or 13. Nothing in this Agreement commits AUTHORITY to utilize its own funds on the Undercrossing Project, or commence or continue the Project unless full funding has been identified and is committed. 2. Term. This Agreement will remain in effect until discharged as provided in Paragraph 3 or 13 of this Section 11I. 3. Discharge. This Agreement shall be subject to discharge as follows: a. This Agreement may be canceled by a party for breach of any obligation, covenant or condition hereof by the other party, upon notice to the breaching party. With respect to any breach which is reasonably capable of being cured, the breaching party shall have thirty (30) days from the date of the notice to initiate steps to cure. If the breaching party diligently pursues cure, such party shall be allowed a reasonable time to cure, not to exceed sixty (60) days from'the date of the initial notice, unless a further extension is granted by the non -breaching party. On cancellation, the non -breaching party retains the same rights as a party exercising its right to terminate under the provisions of paragraph 3(b), except that the canceling party also retains any remedy for breach of the whole contract or any unperformed balance. b. By mutual consent of both parties, this Agreement may be terminated at any time with 30 day written notice. c. By either party up until the time construction contract is advertised for construction bids. In the event this Agreement is cancelled pursuant to this paragraph, CITY shall remain responsible for paying any non -cancellable costs incurred in accordance with this Agreement prior to the notice of termination. Cooperative Funding Agreement SCTA11012 A-1 City of Petaluma Page 5 of 13 Contract No. SCTA 11012 A -I 4. Indemnity. Neither CITY nor any officer or employee thereof is responsible for. any injury, damage or liability occurring by reason of anything done or omitted to be done by AUTHORITY under or in connection with any work, authority, or jurisdiction conferred upon AUTHORITY or arising under this Agreement. It is understood and agreed that AUTHORITY will fully defend, indemnify, and save harmless CITY and all of its officers and employees from all claims, suits, or actions of every name, kind, and description brought forth under, but not limited to, tortious, contractual, inverse condemnation, or other theories or assertions of liability occurring by reason of anything done or omitted to be done by AUTHORITY under this Agreement. Neither AUTHORITY nor any officer or employee thereof is responsible for any injury, damage, or liability occurring by reason of anything done or omitted to be done by CITY tinder or in connection with any work, authority, or jurisdiction conferred upon CITY or arising under this Agreement. It is understood and agreed that CITY will fully defend, indemnify, and save harmless AUTHORITY and all of its officers and employees from all claims, suits, or actions of every name, kind, and description brought forth under, but not limited to, tortious, contractual, inverse condemnation, or other theories or assertions of liability occurring by reason of anything done or omitted to be done by CITY under this Agreement. This indemnification provision shall survive termination of this Agreement. 5, Notices. Any notice which may be required under this Agreement shall be in writing, shall be effective when received, and shall be given by personal service, or by certified or registered mail, return receipt requested, to the addresses set forth below, or to such addresses which may be specified in writing to the parties hereto. To CITY: John Brown City Manager City of Petaluma 11 English Street, Petaluma CA 94592 (707) 778-4467 jbrown@ci.petaluma.ca.us To AUTHORITY: Suzanne Smith Executive Director Sonoma County Transportation Authority 490 Mendocino Avenue, Suite 206 Santa Rosa, CA 95401 (707) 565-5373 stizsmith@sctainfo.org Cooperative Funding Agreement SCTA 11012 A-1 City of Petaluma Page 6 of 13 Contract No, SCTA11012 A-1 6. Additional Acts and Documents. Each party agrees to do all such things and take all such actions, and to make, execute and deliver such other documents and instruments, as shall be reasonably requested to carry out the provisions, intent and purpose of the Agreement. 7. Integration. This Agreement represents the entire agreement of the parties with respect to the subject matter hereof. No representations, warranties, inducements or oral agreements have been made by any of the parties except as expressly set forth herein, or in other contemporaneous written agreements. 8. Amendment. This Agreement may not be changed, modified or rescinded except in writing, signed by all parties hereto, and any attempt at oral modification of this Agreement shall be void and of no effect. 9. Independent Agencies. CITY renders its services under this Agreement as an independent agency. None of the CITY's agents or employees shall be agents or employees of the AUTHORITY. AUTHORITY renders its services under this Agreement as an independent agency. None of the AUTHORITY's agents or employees shall be agents or employees of the CITY. 10. Assi nment. The Agreement may not be assigned, transferred, hypothecated, or pledged by any party without the'express written consent of the other party. 11. Successors.. This Agreement shall be binding upon the successor(s), assignee(s) or transferee(s) of the AUTHORITY or CITY as the case may be. This provision shall not be construed as an authorization to assign, transfer, hypothecate or pledge this Agreement other than as provided above. 12. Severability. Should any part of this Agreement be determined to be unenforceable, invalid, or beyond the authority of either party to enter into or carry out, such determination shall not affect the validity of the remainder of this Agreement which shall continue in full force and effect, provided that the remainder of this Agreement can, absent the excised portion, be reasonably interpreted to give effect to the intentions of the parties. 13. Limitation. All obligations of AUTHORITY under the terms of this Agreement are expressly subject to AUTHORITY's continued authorization to collect and expend the sales tax proceeds provided by Measure M. If for any reason AUTHORITY's right to collect or expend such sales tax proceeds is terminated or suspended in whole or part, AUTHORITY shall promptly notify CITY, and the parties shall consult on a course of action. If, after twenty-five (25) working days, a course of action is not agreed upon by the parties, this Agreement shall be deemed terminated by mutual or joint consent; provided, that any fixture obligation to fund from the date of the notice shall be expressly limited by and subject to (i) the lawful ability of AUTHORITY to expend sales tax Cooperative Funding Agreement SCTA11012 A-1 City of Petaluma Page 7 of 13 .11 Contract No. SCTA11012 A-1 proceeds for the purposes of the Agreement; and (ii) the availability, taking into consideration all the obligations of AUTHORITY under all outstanding contracts, agreements to other obligations of AUTHORITY, of funds for such purposes. Cooperative Funding Agreement SCTAI 1012 A-1 City of Petaluma Page 8 of 13 Contract No. SCTA 11012 A-1 IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. CITY OF PL(A-U(,M-k SONOMA COUNTY TRA PORTATION AU RITY L 'd Byy' )r-� 0-�� 3y, I�CL City Manager 111 r C/ SCTA Chair ATTEST: APPROVED AS TO SUBSTANCE: By: By: City Cleric Executive Director APPRO A TO LEGAL FORM FOR C T By: City Attorney APPROVED: nb.. Depa tment Director By: — Legal Counsel Authority APPROVED: - A-4jlt\ Finance Director Cooperative Funding Agreement SCTA11012 A-] City of Petaluma Page 9 of 13 Contract No. SCTA11012 A-1 COOPERATIVE FUNDING AGREEMENT BETWEEN THE SONOMA COUNTY TRANSPORTATION AUTHORITY AND CITY OF PETALUMA EXHIBIT A DESCRIPTION OF THE PROJECT Design and construction of a new six -lane structure to allow the undercrossing of Highway 101 for Rainier Avenue as part of the MSN C2 project. The Undererossing Structure shall not preclude a fixture interchange at this location. Exhibit A Cooperative Funding Agreement SCTA11012 City of Petaluma Page 10 of 13 Contract No. SCTA11012 A-1 COOPERATIVE FUNDING AGREEMENT BETWEEN THE SONOMA COUNTY TRANSPORTATION AUTHORITY AND CITY OF PETALUMA EXHIBIT B PROJECT FINANCIAL PLAN Funding Plan by Fund Source and Development Phase for the Rainier Avenue Undercrossing Structure FUND SOURCE PS&E CONSTRUCTION TOTAL CITY $498,000 $7,000,000 $7,498,000 TOTAL $498,000 $7,000,000 $7,498,000 Exhibit B Cooperative Funding Agreement SCTA11012 City of Petaluma Page 11 of 13 tom:. Contract No. SCTA11012 A -I COOPERATIVE FUNDING AGREEMENT BETWEEN THE SONOMA COUNTY TRANSPORTATION AUTHORITY AND CITY OF PETALUMA EXHIBIT C PROJECT SCHEDULE Project Development Phase Begin End Environmental PAED) Complete Complete Environmental Revalidation 12/1/2110 6/1/2011 Design (PS&E) Apr 2009 Dec 2012 *Right of Way Acquisition ROW TBD TBD *Advertise, Award, Approve AAA TBD TBD *Construction CON TBD__J_ TBD * Right of Way Capital and Construction Capital and Capital Support funding, other than the $7,000,000 provided by CITY, have not yet been identified for the MSN C2 project, therefore, the schedule at this time is unknown. Exhibit C Cooperative Funding Agreement SCTAl 1012 City of Petaluma Page 12 of 13 Contract No. SCTA11012 A-1 COOPERATIVE FUNDING AGREEMENT BETWEEN THE SONOMA COUNTY TRANSPORTATION AUTHORITY AND CITY OF PETALUMA I D1:ia f.�(I0C RESPONSIBILITIES OF THE PARTIES Table D-1: Responsible Implementing Agency y Development Phase Project Activity Imp ementing Agency Caltrans Authority City Environmental (PAED) MSN Project X Environmental Revalidation for Rainier Undercrossing Structure X X Environmental Clearance for Rainier Cross Town Connector X Design (PS&E) for MSN C2 including Rainier Undercrossing Structure X Right of Way Engineering and Support for MSN C2 including Rainier Undercrossing Structure X *Right of Way Capital X *Advertise, Award, Approve (AAA) X * Right of Way Capital and Construction Capital funding, other than the $7,000,000 provided by CITY have not yet been identified for the MSN C2 project. The implementing agency for construction has not yet been assigned. 1661597.1 Exhibit D Cooperative Funding Agreement SCTA 11012 City of Petaluma Page 13 of 13 Resolution No. 2010-009 N.C.S. EXHIBIT 9 of the City of Petaluma, California RESOLUTION AUTHORIZING PROCEEDING WITH A PROJECT STUDY REPORT FOR THE RAINIER AVENUE CROSS TOWN CONNECTOR, WHICH INCLUDES AN UNDERCROSSING ON US 101 FOR THE EXTENSION OF RAINIER AVENUE (INDEPENDENT ELEMENT 2); CONTINUE TO PURSUE APPROVAL OF THE PROJECT STUDY REPORT FOR THE RAINIER AVENUE INTERCHANGE PROJECT SEPARATELY AND CONCURRENTLY WITH THE PROJECT STUDY REPORT FOR THE RAINIER AVENUE CROSS TOWN CONNECTOR PROJECT; PROCEEDING WITH THE ENVIRONMENTAL DOCUMENT PREPARATION (INDEPENDENT ELEMENT 2); AND CONSENTING TO THE EXPENDITURE OF TAX INCREMENT FUNDS FOR THE RAINIER CROSS-TOWN CONNECTOR PROJECT C00501204, AND ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445 WHEREAS, Sonoma County Transportation Authority (SCTA) will be entering into an agreement with a consultant to prepare the plans, specifications and construction estimate for the Marin Sonoma Narrows C-2 HOV Widening Project (MSN C-2 Project) through Petaluma; and WHEREAS, the Rainier Avenue Interchange/Cross Town Connector and Undercrossing of US 101 is within the limits of the MSN C-2 Project; and WHEREAS, the Rainier Avenue Interchange/Cross Town Connector and Undercrossing of US 101 Project Study Report is still under review by Caltrans and may not be approved in time to incorporate the Project's undercrossing structure into the design of the MSN C-2; and WHEREAS, it is recognized that the Rainier Avenue Interchange/Cross Town Connector and Undercrossing -of US 101 Project is in the City of Petaluma's General Plan, and that design and construction of the larger project can be split into two independent elements (Interchange, independent element 1, and Cross Town Connector, including undercrossing of US 101, independent element 2) and still meet the intent of the General Plan; and WHEREAS, Caltrans has stated their support for the Rainier Avenue Cross Town Connector Project (element 2) ("the Project"), and staff anticipates a letter of concurrence by the time City Council convenes; and Resolution No. 2010-009 N.C.S. Page I WHEREAS, Caltrans, Sonoma County Transportation Authority (SCTA), and the City agree that by proceeding in a timely fashion with a Project Study Report (PSR) and environmental document for the Project as an independent element (2), the design of the undercrossing structure can be incorporated into SCTA's design of the MSN C-2 Project; and WHEREAS, incorporation of the undercrossing structure component concurrently' into the design of SCTA's MSN C-2 Project will result in earlier receipt of project benefits, cost efficiencies, reduction of traffic disruption and shorter, construction duration; and 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, the Project is funded from $3M City/PCDC; and WHEREAS, before the PCDC may commit 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: 1. 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 3. That the payment of funds for the cost. of the improvements will assist in the elimination of one or more blighting condition 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"), approved by the PCDC on June 11, 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 Resolution No. 2010-009 N.C.S. Page 2 WHEREAS, the public improvements in the Project are of benefit to the Project Areas in that they will improve public facilities and infrastructure within the Project Areas, improve transportation and traffic circulation along both McDowell Blvd. and 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 is 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 improve public facilities and infrastructure within the Project Areas, improve transportation and traffic circulation along both McDowell Blvd. and 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 City Council of the City of Petaluma as follows; 1. Preparation of a PSR and an environmental document for the Rainier Avenue Cross Town Connector Project C00501204 (independent element 2) is approved. 2. Continue to pursue approval of the PSR for the Rainier Avenue Interchange Project separately and concurrently with the PSR for the Rainier Avenue Cross Town Connector Proj ect. 3. Based upon the foregoing recitals, which are declared to be true and correct and hereby incorporated herein as findings of the Petaluma City Council, the City Council 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 reasonable means of financing the public improvements and the Project is 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. Resolution No, 2010-009 N.C.S. Page 3 4. The, City Council hereby consents to contribution of $3M from PCDC to account 5530 - Merged Project Area -C00501204 (as scheduled in Exhibit A, attached to this resolution and incorporated herein by reference) for the Rainier Avenue Cross Town Connecter Project. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: 1 hereby certify the foregoing Resolution was introduced and adopted by the Council of the City of Petaluma at a Regular meeting on the 4'h day of January, 2010, by the following vote: AYES: Barrett, Vice Mayor Glass, Harris, Healy, Rabbitt, Ren6e, Mayor Torliatt NOES: None ABSENT: None ABSTAIN: None ATTEST: City Clerk Resolution No, 2010-009 N,C.S. Page 4 EXHIBIT A Rainier Avenue Cross Town Connector and Undercrossing of US 101 Project C00601204 Estimated Time Preli Inary Pro'ect_Cost Estimate Schedule. Est'd. Est'd. FY Dollars When Cost Est. ($000) Needed Dollars Task $000 Needed FY -FY Project Study Report PSR 80 none 09-10 01/20010 — 04/20010 Project Approval and Environmental Document PA&ED 880 none 09-10 0112010 — 06/2011 Incorporation of the Rainier Avenue Undercrossing Structure into the Plans, Specifications, and Estimate (PS&E) for MSN C-2 Project 498 none 09/10 01/2010 —12/2011 Total Project Cost $1,449 1 $1,449 (` As of,July 1, 2009 Funds Available _ Funds budgeted—� 3,000 Allocated and encumbered PCDC Fund 1,330 Funds available 1,670 Total cost to prepare the PSR, Environmental Document and design of the undercrossing structure for MSN C-2 $ 1,449 Total Project Cost $2;778 Resolution No. 2010-009 N.C.S. Page 5 is RESOLUTION NO, 2010-02 EXHIBIT F, PETALUMA COMMUNITY DEVELOPMENT COMMISSION AUTHORIZING THE EXPENDITURE OF TAX.INCREMENT FUNDS FOR THE RAINIER CROSS- TOWN CONNECTOR PROJECT C00501204, AND ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445 WHEREAS, Sonoma County Transportation Authority (SCTA) will be entering into- an agreement with a consultant to prepare the plans, specifications and construction estimate for the Marin Sonoma Narrows C-2 HOV Widening Project (MSN C-2 Project) through Petaluma; and, WHEREAS, the Rainier Avenue Interchange/Cross Town Connector and Undercrossing of US 101 is within the limits of the MSN C-2 Project; and, WHEREAS, the Rainier Avenue Interchange/Cross Town Connector and Undercrossing of US 101 Project Study Report is still under review by Caltrans and may not be approved in time to incorporate the Project's undercrossing structure into the design of the MSN C-2; and, WHEREAS, it is recognized that the Rainier Avenue Interchange/Cross Town Connector and Undercrossing of US 101 Project is in the City of Petaluma's General Plan, and that design and construction of the larger project can be split into two independent elements (Interchange, independent element 1, and Cross Town Connector, including undercrossing of US 101, independent element -2) and still meet the intent of the General Plan; and, WHEREAS, Caltrans has stated their support for the Rainier Avenue Cross Town Connector Project (element 2) ("the Project"), and staff anticipates a letter of concurrence by the time City Council convenes; and, WHEREAS, Caltrans, Sonoma County Transportation Authority (SCTA), and the City agree that by proceeding in a timely fashion with a Project Study Report (PSR) and environmental document for the Project as an independent element (2), the design of the undercrossing structure can be incorporated into SCTA's design of the MSN C-2 Project; and, WHEREAS, incorporation of the undercrossing structure component concurrently into the design of SCTA's MSN C-2 Project will result in earlier receipt of project benefits, cost efficiencies, reduction of traffic disruption and shorter construction duration: and, 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 PCDC Resolution No. 2010-02 Page I improvements that are publicly owned either within or without the project area, subject to certain specified findings being made; and, WHEREAS, the Project is funded from $3M City/PCDC; and, WHEREAS, before the PCDC may commit 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: 1. 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 3. That the payment of funds for the cost of the improvements will assist in the elimination of one or more blighting condition inside the project area, and will be consistent with the implementation plan adopted by the redevelopment agency; and, WHEREAS, by Resolution No, 2010-008 N.C.S. adopted January 4, 2010, the City Council of the City of Petaluma has adopted findings concerning the Project under California Health and Safety Code Section 33445 and consented to use of PCDC funds for the Project,. and, WHEREAS, the Petaluma Community Development Commission ("PCDC") f=ive -Year Implementation Plan ("Implementation Plan") for the Central Business District ("CBD") and Petaluma Community Development ("PCD") areas (collectively, the "Project Areas"), approved by the PCDC on June 11, 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 improve public facilities and infrastructure within the Project Areas, improve transportation and traffic circulation along both McDowell Blvd. and 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 is aware of no other source of funds reasonably avdilable 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 improve public facilities and infrastructure within the Project Areas, improve transportation and traffic circulation along both PCDC Resolution No. 2010-02 Page 2 -J McDowell Blvd. and 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 Board of the Petaluma Community Development Commission as follows: 1. Based upon the foregoing recitals, which are declared to be true and correct and hereby incorporated herein as findings of the Petaluma Community Development Commission Board, the Board 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 reasonable means of financing the public improvements and the Project is 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 Pian adopted for the Project Areas, 2. The Petaluma Community Development Commission Board hereby authorizes contribution of $3M from PCDC to account 5530 -Merged Project Area -C00501204 (as scheduled in Exhibit A, attached to this resolution and incorporbted herein by reference) for the Rainier Avenue Cross Town Connecter Project, ADOPTED this 41h day of January, 2010, by the following vote: Commissidner Aye No Absent Abstain Barrett X Vice Chair Glass X Harris X Healy X Rabbitt X Renee X Chair Torliatt X ('1 12 Pamela(Torliatt, Chair PCDC Resolution No. 2010-02 Page 3 ATTEST: Claire Cooper, CMC, Recording Secretary APPROVED T F M: Eric Danly, Genera ounsel PCDC Resolution No. 2010.02 Page 4 EXHIBIT A TO PCDC RESOLUTION 2010-01 Rainier Avenue Cross Town Connector and Undercrossing of US 101 Project C00601204 Estimated Time Preli inary Project Cost Estimate Schedule Est'd. Est'd. FY Dollars When Cost Est. ($000) Needed Dollars Task $000 Needed FY -FY Project Study Report PSR 80 none 09-10 01/20010 — 04/20010 Project Approval and Environmental Document PA&ED 880 none 09-10 01/2010-06/2011 Incorporation of the Rainier Avenue Undercrossing Structure into the Plans, Specifications, and Estimate (PS&E) for MSN C-2 Project 498node 09/10 01/2010 —12/2011 Total Project Cost $1,449 $1,449 As of July 1,2009 Funds Available ($000) Funds budgeted 3,000 Allocated and encumbered PCDC Fund 1,330 Funds available 1,670 Total cost to prepare the PSR, Environmental Document and design of the urldercrossing structure for MSN C_2 _$1,449 Total Project Cost $2,779 PCDC Resolution No. 2010-02 Page 5