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HomeMy WebLinkAboutStaff Report 1.A 04/13/2009CITY OF PETALUMA, CALIFORNIA MEMORANDUM Conuiuueity Development Departoieot,11 English Street, Petaluma, CA 94952 (707) 778-4301 Frtr (707) 778-4498 E-mail. cdd (7a ci petaluina.ca.its DATE: April 9, 2009 TO: John Brown, City Manager FROM: Mike Moore, Community Development Direct SUBJECT: PCDC Workshop Agenda Materials fl April 13, 2009 On Monday, April 13, the City Council, sitting as the Petaluma Community Development Commission, the board of directors for the City's redevelopment agency, will continue its consideration of a strategic vision for the implementation of the agency's two project area plans. The Commission last met for a workshop on this topic on February 10, 2009 and continued the discussion that began last November with the agency's consultant, Seifel Consulting, on its current financial status and implementation priorities. The purpose of the meeting on April 13 is to conclude the discussion of a strategic vision for the investment of the agency's limited funds through the 2011-2012 fiscal year. The attached materials include summary tables showing where the agency's funds are and could be committed in the remaining years of the current 5 -Year Implementation Plan and beyond. Staff from Seifel Consulting will be at the meeting on April 13 to lead the discussion and answer Commission questions. Council direction on funding priorities will be necessary to complete the upcoming FY 09-10 PCDC budget and prepare the mid-terni review of agency's adopted 5 -Year Implementation Plan, as required by state redevelopment law. Awk See if e I CONSULTING INC. 221 Main Street Suite 420 San Francisco CA 94105 VIA EMAIL 415.618.0700 fax 415.618.0707 April 9, 2009 www.seifel.com To: John Brown, Michael Moore, City of Petaluma and PCDC From: Libby Seifel, Jessica Zenk, Evan Sarna, Seifel Consulting Inc. Subject: PCDC Investment Strategy Seifel Consulting Inc. (Seifel) is pleased to deliver this memorandum summarizing the proposed revision to the Petaluma Community Development Commission (PCDC) programs and projects contained in its previous Five Year Implementation Plan. The attached presentation will be presented to the PCDC Board at the upcoming April 13°i work session. This memorandum and the attached tables are intended to facilitate a discussion about priority programs and projects of the Implementation Plan period (through FY2011/12). The memorandum is organized as follows: 1. Implementation Plan as Investment Strategy 2. Existing Implementation Plan Budget by Program Category 3. Investment Strategy Budget a. Goal -Based Budget by Program Category b. Proposed Budget by Program Category and Project Implementation Plan as Investment Strategy Since Fall 2008, the PCDC Board has been strategically assessing PCDC actions and establishing priorities that will best encourage the revitalization of the redevelopment project areas and fiscal health. Based on Board direction, PCDC and Seifel staff have: • Reviewed recent PCDC accomplishments, projects, revenues and expenditures, • Discussed and recommended PCDC goals and priorities, • Compared existing budget (per FY2007/08-2011/12 Implementation Plan) to goals, and • Reviewed criteria for strategically evaluating potential projects. Using redevelopment strategically will maximize resources for the PCDC. Discussions to date emphasize that: • You can have it all (or close), just not all at once. • The more the PCDC invests wisely now, the more resources the PCDC has in the long run. • Opportunity site development is critical to "priming the pump." As a result, the PCDC Board determined to reevaluate the existing budget and the programs and projects contained therein. The remainder of this memorandum describes the process used to reassess the PCDC's overall budget and priorities and explains the revised budget proposed for PCDC consideration. The next step in this process will be to complete the PCDC's Midterm Review of its Five Year Implementation Plan. California Community Redevelopment Law (CRL) requires that all redevelopment agencies undertake a Midterm Review between years two and three of its Implementation Plan period. As the PCDC's current Implementation Plan period runs from FY2007/08 through FY2011/12, the Midterm Review will take place early in FY2009/10. Outcomes of the PCDC Board's current reevaluation will be memorialized as part of the Midterm Review. Existing Implementation Plan Budget by Program Category The FY2007/08-2011/12 Implementation Plan allocates funding among program categories, as summarized in Table 1. This budget includes both the Implementation Plan period and the fiscal year in which the Plan was developed (FY2006/07). As described in detail below, PCDC and Seifel staff have adjusted this budget based on recent expenditures and a reassessment of PCDC's additional bonding capacity. Selfel Consulting Inc. 0 Table 1A PCDC Five Year Implementation Plan Budget (In Thousands of Dollars) Programs and Proiects Circulation, Landscaping and Parking Improvements (Public Facilities and Infrastructure Economic Development Building Rehabilitation Total (6 Years) FY 2006/07 FY 2007/08 - F" 2011/12 1 $ 43,422 $ 7,089 $ 36,333 54%I $ 27,036 $ 1,419 $ 25,617 38% S 3,549 $ - $ 3,549 5%I S 1,100 $ 50 $ 1,050 2% Site Preparation and Development S 400 S - $ 400 1% Total $ 75,507 $ 81558 $ 66,949 100%I * All figures shown in 1,000s (rounded). Source: Petaluma Community Development Commission Of the $8.6 million in funding set aside in FY2006/07, $5.1 million was budgeted for projects that are not yet completed, as shown in Table 2, Table 1 B PCDC Five Year Implementation Plan Budget with Unspent FY2006/07 Funds 'Total FY 07/08 - FY 11/12 (Existing FY 2006/07 Five Year IP Budgeted, Not Programs and Proiects Budget) Completed FY 2007/08 - FY 2011/12 Circulation, Landscaping and Parking $ 40,333 $ 4,000 $ 36,333 54% Improvements 1 (Public Facilities and Infrastructure $ 26,746 $ 1,129 $ 25,617 38% (Economic Development $ 3,549 $ - $ 3,549 5% (Building Rehabilitation S 1,050 $ - S 1,050 2% Site Preparation and Development $ 400 $ - S 400 1% Total $ 72,078 S 5,129 $ 66,949 I 100% * All figures shown in 1,000s (rounded). Source: Petaluma Community Development Commission Seifel Consulting Inc. I The total budget for the Implementation Plan period was established based on a 2006 assessment of PCDC bonding capacity by Banc of America Securities indicating that the PCDC could issue two bonds worth approximately $30 million each, for a total of $60 million in bond proceeds. The first of these bonds was issued in Spring 2007 for $31.8 million, which yielded $30 million in proceeds. During that issuance process, the total bonding capacity of the PCDC was reassessed downward based on findings regarding the stability of the assessed value within Petaluma's Merged Project Areas. This reassessment requires that the total Implementation Plan budget be adjusted downward as well. The revised budget for the remainder of the Implementation Plan period (FY2009/10-2011/12) is estimated at $44.7 million, based on: • PCDC fund balance for non -housing projects through December 2008 ($30.5 million), • Expenditures and revenues anticipated through the end of this fiscal year ($10.0 million in expenditures and $7.6 million in revenues),' • "Pay-as-you-go" revenue' available (roughly $1.5 million annually for three years), and • A revised estimate of additional bonding capacity ($12 million).' Through the end of the current fiscal year (FY2008/09), the PCDC is expected to spend $9.2 million on programs and projects during the Implementation Plan period.' Thus, the total revised budget for projects and activities during the Five Year Implementation Plan period is approximately $53.9 million. Table 2 presents this budget by program category, with actual/projected expenditures for the first two years of the period and remaining funds for FY2009/10-2011/12 distributed such that the overall budget remains in proportion to the existing Implementation Plan budget. Fund balance, expenditure and revenue information from PCDC staff, rounded to the nearest million. ' Pay-as-you-go revenue is tax increment revenues remaining after potential future ERAF shifts, debt obligations, pass through payments, and Agency administration costs. ' Bonding capacity estimate is based on Seifel's evaluation of potential tax increment revenues available for non- housing projects (November 2008). 4 Based on actual spending through December 2008 and budgeted spending through the end of June 2009. Seifel Consulting Inc. 5 Table 2 Distribution of Remaining PCDC Funds Based on Implementation Plan Priorities " All figures shown in 1,000$ (rounded). Source: Petaluma Community Development Commission Investment Strategy Budget Goal -Based Budget by Program Category FY 2009/10 - FY 2011/12 FY 2007/08 - 2011/12 $ 24,259 FY 2007/08 - F1 $ 2008/09 (Actual Proerams and Proiects & Budected) (Circulation, Landscaping and Parking $ Improvements 7,131 (Public Facilities and Infrastructure $ 1,049 (Economic Development $ 80 Building Rehabilitation $ 919 Site Preparation and Development $ 42 I Total $ 9,221 " All figures shown in 1,000$ (rounded). Source: Petaluma Community Development Commission Investment Strategy Budget Goal -Based Budget by Program Category FY 2009/10 - FY 2011/12 FY 2007/08 - 2011/12 $ 24,259 59% $ 31,389 58% $ 17,137 33% $ 18,186 34% $ 2,370 5% $ 2,450 5% $ 668 3% $ 1,587 3% $ 267 1% $ 309 1% $ 44,700 100% $ 53,921 100% In February 2009, the PCDC Board and staff reviewed an evaluation of program categories and PCDC goals. That evaluation suggested that the PCDC should put more emphasis on projects and programs within the Economic Development, Building Rehabilitation, and Site Preparation and Development categories, as illustrated in Figures I and 2. Seifel Consulting Inc. I Figure 1 Allocation of Resources in Existing Implementation Plan Budget (FY2009110.11112) Economic Dever i% Public Facilities and Infrastructure 33% Building Rehabilitation Site Preparation and 3% — Development Circulation, Landscaping and Parking Improvements 59% Figure 2 Allocation of Resources in Goal -Based Budget (FY2009110-11112) Site Preparation and Development 25% Building Rehabilitati 16% Selfel Consulting Inc. Circulation, Landscaping and Parking Improvements 2t1°/ Economic Development 27% Public Facilities and Infrastructure 12% I Proposed Budget by Program Category The reprioritization described above prompted the PCDC Board to request revisions to the budget included in the FY2007/08-2011/12 Implementation Plan. The proposed revisions attempt to balance the need to reprioritize PCDC programs and projects and commitments to existing projects. Table 3 walks through proposed revisions to the budget by program category. The existing Implementation Plan budget (Column 1) is adjusted for spending through FY2008/09 and decreased bonding proceeds, but existing priorities remain intact (Column 2). Column 3 reflects spending through FY2008/09 and the goal -based budget for remaining years. Column 4 is based on expenditures through FY2008/09 and spending in remaining years that adheres more closely to the goal -based budget while maintaining significant funding for existing projects. Table 3 Summary of Budget by Program Category I Programs and Proiects Circulation, Landscaping and Parking Improvements (Public Facilities and Infrastructure Economic Development Building Rehabilitation Lite and Development Existing Five Year IP Budget' S 40,333 Revised Five S 18,186 Year IP Budget FY 2007/08 - FY Recommended with Existing 2011/12 (Actual Five Year IP Priorities & Goal Based) Budget S 31,389 S 16,071 $ 26,746 S 18,186 $ 6,413 S 3,549 S 2,450 $ 12,149 S 1,050 $ 1,587 $ 8,071 $ 400 $ 309 $ 11,217 Total $ 72,078 $ 53,921 $ 53,921 * All figures shown in 1,0005 (rounded). la. Includes projects in FY 2006/07 that were budgeted, but not completed. Source: Petaluma Community Development Commission Proposed Budget by Project $ 29,8491 $ 6,755 $ 8,6701 $ 1,954 S 6,692 $ 53,921 ( All projects undertaken by the PCDC must meet Community Redevelopment Law (CRL) requirements. Non -housing projects should also realize PCDC goals and priorities, maximize resources, focus appropriate resources on targeted areas, and the economic revitalization criteria the PCDC Board discussed at February's work session: Capacity and Readiness • Return on Investment Seifel Consulting Inc. I • Catalytic Potential Community Planning Achievement Table 4 includes the detailed budget by project contained in the Implementation Plan, updated for actual/projected spending through FY2008/09. The proposed revised budget by project is shown in Table 5 for discussion with the PCDC Board. The following outlines the process for adjusting the budget by project: • Remove future (surplus) funding for completed projects. Shift funds for projects not expected to be implemented until after FY2011/12 to future years, freeing up resources that would otherwise sit idle until these projects are ready to begin. • Increase funds available for targeted opportunity site development and other strategic, near term investments that will generate additional tax increment revenues for the PCDC over time. • Balance the budget by reducing or delaying funds for major projects that do not catalyze growth in tax increment, other public revenues (ie. from sales tax, transient occupancy tax, etc.) or the local economy or leverage other funding sources. In this way, the budget allocation proposed for the remaining years of the Implementation Plan period more closely resembles the goal -based budget allocation described above, although significant funds remain to honor existing project commitments. Seifel Consulting Inc. I Table 4 Update Implementation Plan Budget by Project, FY 2007108 - FY 2011112 Petaluma Community Development Commission FY Ofi107 Subtotal: FY 09110-11112 Total FY07109- Projecl FY 07108 FY 09109 )Actual FY 07108- Existin Five FY11112 Project Title Budgeted, Not Actual & Budgeted) FY 00109 Actual ( 9 (Existing Five Number' Completed ) 9 ) & Budgeted) Year IP Budget)' year IP Budget) PCDC CIP Snlary/Benefit C200001 Caulfield Extension - Lakeville to Hppper Street C200104 I North Water Strcct C200105 I Petaluma Boulevard - Bike Lanes C200109 E-1119 r�,a wid,-,ti—� C200205 Heated Straeet- Bodega Avenue to bd1 Street 1 C1_00208 Rccnnstmrtinn (4` Gmcwav, Landscape Immovmems C200204 Petaluma Boulevard- Lakeville to Washington Street 000304 ppnrnvSmenn S 5 Keller Street - Western Avenue to B Street and Libeny (29) 5 Street- Washington Street to Western Avenue C200308 Reconstruction - 5 Water Strect%rum Basin ImpmvmcuL%- Phase I C200403 niver'fmil Design for Top of Bank C200503 Art/Collect/Pavemem Reconstruction C201104 D Street Bridge Replacement of Trunnion Bearings(for C201204 bridge radium - 5 Elv/Cuulficld/Puvran Strccl Rccnnstruclion C111211 Washington Street- Howard Street to Petaluma River S and 6111 Street- D Street to J Street Pavement C500207 Rehahilitmi"n S 19 Rainier Avenue Cross -Town Connector and interchange C501204 Old Redwood Highway Interchange Widening C501304 Caulfield Railroad Crossing (77200104 Assessments P201010 Landscape Immovemcnts P201040 Traffic Signal Unsmdcs 1'201150 E. Washington Street Imarchimew ImpmvcmcnLs P201160 S Subtotal S 5 - S - 5 - S 311 5 S 20 S 13 5 33 S 717 5 S 4 S - S 4 S (4` S S 75 5 401 I S 476 S 3581 S S 5 S (34)1 S (29) 5 5821 5 5 - S - S - 5 1,000 S S S S S - S S - S - S - 5 485 5 5 85 5 - S 85 5 1,315 S S 131 S 19 S 149 S (149) 5 S 72 S 119 S 191 S 1.909 S S - S 5 - 5 - 5 S el 5 1,835 S 1,916 S (1,916) S S 212 S - 5 I 212 S (2121' 5 S 151 5 708 5 859 5 1,141 S S 373 S 388 5 S 323 S 426 S S S 833 S S . 5 - 5 S - 5 S 5 15 S 740 S 4.00015 117 S 20 S Ist/2nd Street Warehouse C200207 S - S -1 5 Downtown Improvements Phase II C200603 S 141 5 271 S CPSP Theater District/D Street Underground C200703 S 530 5 41 5 D Street Utility Condemn C200705 5 - S - S Police Hcadnuarlcrs Rcnomlions/Rciocmom C300106 5 1.129 S 35 S IS S Relocation of Fire Station I C300305 S 276 S 21 5 Parking Pmiccls P201050 S - S - S Subtotal S 1.129 S 982 S 671 S 761 S 749 5 833 S - S - S 755 S 137 S 7.131 S - S 168 5 533 S - 5 50 5 297 S - S 1.049 S 9,239 S 14,351 S (833) S 275 S 700 5 70 5 3.863 S 33,202 S S 2.4071 S 533)1 S -I s 12925 S 10.899) S S 25.697 S 31.1 7501 -1 8341 5531 1,0001 4851 1,4001 _1 2.1001 _1 1,0001 10,0001 15,1001 2751 7001 8251 40001 2.5751 12.9751 11.1961 26.7461 Solfel Consulting Inc. 419199 ®p0 a. Project numbers starting with C indicate ...pilot improvement, defined as the cast o -purchasing or constructing improvements. Includes design, project administration, right of way acquisition, envirunmen al and physical mitigations and improvements. Project numbers starting with P indicate a program, defined as a group of related activities performed by one or more organizational units forthe purpose of accomplishing a City responsibility. b. Negative figures indicate projects with expenditures in FY 2007/08 -2008/09 that excecedcd amounts in the existing Five Year If budget. Amounts include funds for FY 2006/07 budgeted, but no completed, projects. e. Negative amount reflects a credit back to PCDC for a returned deposit d. DevelmpmenURedcve opment activities include, but are not limited to: I. Attract new business and retain existing businesses. 2. Provide business and developer incentives. Provide opportunities for participation by owners and tenants in the revitalization oftheir Properties. 3. Enhance accessibility to employment, retail and entertainment opportunities. 4. Ifnecessnry, provide assistance to the private sector to ensure development. c. Sec Is. "Cireulation, Landscaping unit Parking Improvements" and "Public Facilities and Infrastmctue," projects that catalyze private investment. Source: Petaluma Community Development Commission, City of Petaluma FY 2007/08 Budget; City ofPemluma Public Works Department; City of Petaluma Finance Department; Sedei Consulting Inc. Selfe1 Consulting Inc. 419109 Project FY 06107 SuhlelaL FY 0 9110 -11112 Total FY 07108 Project Title Budgeted, Not FY 07188 FY 08109 (Actual FY 07106 - Existin Five ( 8 FY 11112 Number' Completed (Actual) & Budgeted) FY 08109 (Actual (Existing Five Year IP Budget) ° & Budgeted) Year IP Budget) Downtown Association P201020 S 48 S 32 5 80 S 170 5 250 Devel...entatedevclnomem Assi,ourc' N/A S - 5 - S - S 3,299 S 3,299 Kenihvorth/Regencv I P2011 on I S - 5 - S - 5 - S -) Subtotal 1 $ - S KNOWN 48 11 S 321 S 80 S 3,469 $ 3,549 Storefront Improvement Loan Program P201011 5 - S - 5 am - S 375 5 375 Community Facilities b(isecllancous Proiccls C100108 S 157 5 - S 157 5 11071 5 501 Petaluma Roomed Depot Renovation C200303 115 674 S 215 677 5 (4021 5 2751 URM Seismic Retrofit Program P201070 S 17 5 -5 17 S 133 5 1501 ( Railroad Depot Lease P201110 5 43 5 - 5 43 S 1571 5 2001 Fire Sprinkler Study & Program 1'201190 5 22 S 31 5 25 S (25) I S -1 Subtotal $ - S 913 S 61 S 919 S 1311 S I,O50 Bmwnfields EPA Assessment Project P201140 S 37 S 5 5 42 5 358 5 400 Dredging Petaluma River(Fcb. 2007) F97301+ 5 - S - S - S -�5 -� Opportunity Site Development N/A S - S - S - 5 -) S -� Submtul I S - $ 37 S 5 $ 42 $ 35N S 4001 a. Project numbers starting with C indicate ...pilot improvement, defined as the cast o -purchasing or constructing improvements. Includes design, project administration, right of way acquisition, envirunmen al and physical mitigations and improvements. Project numbers starting with P indicate a program, defined as a group of related activities performed by one or more organizational units forthe purpose of accomplishing a City responsibility. b. Negative figures indicate projects with expenditures in FY 2007/08 -2008/09 that excecedcd amounts in the existing Five Year If budget. Amounts include funds for FY 2006/07 budgeted, but no completed, projects. e. Negative amount reflects a credit back to PCDC for a returned deposit d. DevelmpmenURedcve opment activities include, but are not limited to: I. Attract new business and retain existing businesses. 2. Provide business and developer incentives. Provide opportunities for participation by owners and tenants in the revitalization oftheir Properties. 3. Enhance accessibility to employment, retail and entertainment opportunities. 4. Ifnecessnry, provide assistance to the private sector to ensure development. c. Sec Is. "Cireulation, Landscaping unit Parking Improvements" and "Public Facilities and Infrastmctue," projects that catalyze private investment. Source: Petaluma Community Development Commission, City of Petaluma FY 2007/08 Budget; City ofPemluma Public Works Department; City of Petaluma Finance Department; Sedei Consulting Inc. Selfe1 Consulting Inc. 419109 Table 5 S 311 S - Proposed Budget by Project, FY 2007108 • FY 20011112 - 5 (311)1 Petaluma Community Development Commission S 750 S 33 Total FY 07108- Project FY 07108 • Total 5 Year Plan, Future g Increased (Reduced) Project Title Number' (ExistingFive08109 (Actual (Recolmmendled) 8 Budgeted) 07108 • FY ii112 Allocated Agency Year IP Budget) (ae.,,mmepaedW IN 12113 on) Investment Prnr rat cnm­m­rir Caulfield Extension - Lakeville to Hoomer Street North Water Street Paul... Battle ... d - Bike Lanes Howard Street- Bodega Avenue to 6th Street Rcennswctinn Gmo,w v Landscape lmmmvments Petaluma Boulevard - Lakeville to Washington Street Imnrovcmcnts Keller Street- Western Avenue to B Street and Liberty Street - Washington Street 1. Western Avenue Remnstmetinn Witter StrceVfum Basin ]mprovm nets- Phase I River Trail Design for Tan of Bank Art/CollecUPavemenl Reconstruction D Street Bridge Replacement ofTmnnion Bearings (for bride. mmtipnl Ely/Caulfield/Pavmn Street Reconstruction Washington Street - Howard Street to Petaluma River and 6th Street- D Street to 1 Street Pavement Rehabilimtinn Roamer Avenue Cross -Town Connector and Interchange Old Redwood Highway Interelmnge Widening Caulfield Railroad Crossing A-- ­ ,c' Landscape Imnrovcmcnts Traffic Signal Upgrades E. Washington Street Interchange Improvements Subtotal Ist/2nd Street Warehouse Downtown Improvements Phase I I CPSP Theater Disrrict/D Street Underground D Street Utility Condemn Police Headquarters Renovations/Relocatmn Relocation of Fire Station I Parking Projects Subtotal Seifel Consulting Inc. C200001 S 311 S - $ - S - 5 (311)1 C200104 S 750 S 33 S 717 S 750 C501304 S -1 C200105 $ - S 4 S - $ 4 S - S $ (76)1 C200109 S 834 $ 476 S 3581 $ 834 - S S -1 C200205 S 553 S (29) 5 -15 (29) S 582 S -1 C200208 S 1,000 S - 5 -I 5 - 755 S -1 C200204 $ - $ - 5 -I S 0 $ S -1 C200304 S 485 $ - 5 - S - (4.455) S (485)1 C200308 S 1,400 S 85 $ - S 85 $ 1,315 S - C200403 $ - S 149 S 3531 S 502 $ - S 5 -1 C200503 $ 2.100 S 191 $ -1 $ 192 $ 2.109 S -1 C201104 $ - $ - S 2801 S 280 1,129 S S -1 C201204 S - S 1,916 $ -1 S 1,916 4.875 5 (552)1 C500206 S -1 5 212 S 101 $ 222 S 5 (2,719)1 C500207 $ 2,0001 $ 859 S 1,2951 S 2,154 1 $ 419109 C501204 S m,000 S 761 S 1,49011 $ 2,252 $ 7,750 S -I C501304 $ 15,1001 S 749 S 14,35111 $ 15,100 $ -� C1200104 S - S 833 $ -11 $ 633 S 331 P201010 $ 275 1 S - S -1 S - Is (275)1 P201040 S 7001 S - $ 4 S - $ 7001 $ -1 P201150 $ 8251 S 755 S -s 755 S (7011 P201160 $ 4,8001 $ 137 S 3.8671 $ 4,000 $ -1 S 40,3331 S 7.1311 S 22,7171 S 29,849 S 12,456 IS (4.455) C200207 S - $ - $ - $ - $ - C200603 $ 2,575 S 168 $ -I S 168 S 2.885 $ -i C200703 $ - S 533 S - S 533 S 2,859 $ -I C200705 5 - 5 - $ - $ - $ -) C300106 $ 12.975 S 50 $ 1,129 S 1.179 S (11,8201 C300305 $ 11.196 S 297 5 4.577 S 4.875 5 18,397)1 P201050 S - 5. S - S - S -1 S 26.746 S 1,0491 S 5.707 S 6,755 S 5.744115 (20,218) 419109 u. Project numbers starting with C indicate a capital improvement, defined as the cost of purchasing or constmcting improvements. Includes desi);m, project administration, right of way acquisition, environmental and physical mitigations unit improvements, Project numbers starting with P indicate a program, defined as a group of related activities performed by one or more organizational units for the purpose of accomplishing u City responsibility. b. included in project costs. c. Negative amount reflects a credit back to PCDC for u returned deposit. d. Included in "Site Preparation vad Development-" e. Development/Redevelopment activities include, but ate not limited to: 1. Aumct new business and retain existing businesses. 2. Provide business and developer incentives. Provide opportunities for participation by owners and tenants in the revitalization of their properties. 3. Enhance accessibility to employment, retail and entertainment opportunities. 4. Ifnecessary, provide assistance to the private sector to ensure development. E Sec also "Circulation, Landscaping and Parking Improvements" and "Public Facilities and Infrastructure" projects that catalyze private investment. Source. Petaluma Community Development Commission, City of Petaluma FY 2007/08 Budget; City of Petaluma Public Works Department; City of Petaluma Finance Department; Seifel Consulting Inc. Selfel Consulting Inc. 419109 tt 13 Total FY 07108 • Total Future Increased Project FY 11112 FY 07100- FY 0 9110 -11112 SYear Plan, Funding (Reduced) Project Title Number (Existing Five FY 08109 (Actual (Recommended) FY 07108 • Allocated Agency Year IP Budget) &Budgeted) FY 11112 (FY 12113 on) Investment Recommended) Downtown Association P2010205 S 60 S 170 S 250 $ Redevelanmem Aavlaamve' N/A S 3,299 1 S - S 8,299 S tl _99 S 5,0001 Kenihvortb/Regencv P201100 S -I S - S 121 S 121 $ -1 Subtotal S 3.549 1 S 801 $ 81590 S 8,670 S - S 5,000) ' Storefront Improvement Loan Pronoun P201011 $ 375 S - $ 500 S 500 $ 125 I Community Facilities Miscellaneaus Pmiects C100108 $ 50 S 157 S 4511 $ 202 S -1 I Petaluma Railroad Depot Renovation C200303 $ 275 S 677 $ -11 $ 677 S 4021 URM Seismic Reenflt Program P201070 S 150 $ 17 S 13311 $ Iso S -1 1 Railroad Depot Lease P201110 $ 200 S 43 5 15711 S 200 S -1 1 1 Fire Sprinkler Study &Poignant P201190 S - S 25 S 2001 S 225 S 2251 1 I Subtotal S 1,050 S 9191 S 1,0351 S 1,954 S $ 752 Brownfields EPA Assessment Project ?201140 S 400 $ 42 $ 516 S 558 $ - 1 Dredging Petaluma River (Feb. 2007) -93306 S S S - S Oppunumly Site Development WA S - $ - S 6,134 $ 6,134 5 6,1341 1 Subtotal $ 4001 S 421 S 6,650 S 6,692 S - S 6.1341 u. Project numbers starting with C indicate a capital improvement, defined as the cost of purchasing or constmcting improvements. Includes desi);m, project administration, right of way acquisition, environmental and physical mitigations unit improvements, Project numbers starting with P indicate a program, defined as a group of related activities performed by one or more organizational units for the purpose of accomplishing u City responsibility. b. included in project costs. c. Negative amount reflects a credit back to PCDC for u returned deposit. d. Included in "Site Preparation vad Development-" e. Development/Redevelopment activities include, but ate not limited to: 1. Aumct new business and retain existing businesses. 2. Provide business and developer incentives. Provide opportunities for participation by owners and tenants in the revitalization of their properties. 3. Enhance accessibility to employment, retail and entertainment opportunities. 4. Ifnecessary, provide assistance to the private sector to ensure development. E Sec also "Circulation, Landscaping and Parking Improvements" and "Public Facilities and Infrastructure" projects that catalyze private investment. Source. Petaluma Community Development Commission, City of Petaluma FY 2007/08 Budget; City of Petaluma Public Works Department; City of Petaluma Finance Department; Seifel Consulting Inc. Selfel Consulting Inc. 419109 tt 13 14 D r a.. W Q Qcn CD U® b 1cn. 14 D r a.. 1cn. Vii: cD CD CD 0... = cn CD r'. CD CD +w room ._. •. 3.0 14 N 0 -u� O I i 0 OCD .-�- = O CD CD w CD ® C7 CD r-7— CD �_ 0 CD O ®_ CD O =3 _0 C/)Cd e�w CD CC) CD 1 CD C 1 9° v -0 -s O CD Cn 1 LWJ r� MA r F w' • (5 �« . ## « � . s . . «■ � ## � « . . \� �. w 16 la I w m CQ ? %\ - - d � # � CD U) . . -. . .l 0 . ° \} � .y : � � « � CD 0 /D : C w < . . < M y� ■■ CD < CD CD 2# a) 0 _0 �. � . n . o . . .. : a °® . © . . . CD C- 0 \1w w 0 < `CD CD .� C CC » \ 4' « . 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