HomeMy WebLinkAboutResolution 2007-109 N.C.S. 06/18/2007 Resolution No. 2007-109 N.C.S.
of the City of Petaluma, California
RESOLUTION CONSENTING IN ACCORDANCE WITH CALIFORNIA HEALTH
AND SAFETY CODE SECTION 33445 TO FUNDING $15M FROM PCDC .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, reductian of traffic disruption
and shorter construction duration; and,
WHEREAS, the Old Redwood Highway Interchange/Over-Crossing Project ("the
Project") is funded from $lOM of Measure M and $2.3M City; and,
WHEREAS,'the total Project cost is estimated at $27M; and,
WHEREAS, the Project requires an additional $15M; 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;
Resolution No. 2007-109 N.C.S. Page 1
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,
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 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 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.
Resolution No. 2007-10J N.C.S. Page 2
NOW, THEREFORE, >BE IT RESOLVED by the City Council of the City of Petaluma
as follows:
1. Based upon the foregoing, the City Council of the City of Petaluma hereby finds 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.
2. The City Council of the City of Petaluma hereby consents to the contribution of $1 SM
from PCDC to account 5530-Merged Project Area-C501304 (as scheduled in Exhibit A)
for the Old Redwood Highway Interchange/Over-Crossing Project.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the p e as to
Council of the City of Petaluma at a Regular meeting on the 18`h day of June, 2007,
by the following vote:
City ey
AYES: Barrett, Freitas, Harris, Vice Mayor Nau, O'Brien, Babbitt, Mayor Torliatt
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: ~
City Clerk Mayor
Resolution No. 2007-109 N.C.S. Page 3
~~f I~
s - - . o . • o - ~ i
Preliminary Project Cost Estimate Estimated Time
Schedule
Cost Est. ($000) Est'd. Est'd. FY
Task (includes City 5% Dollars When Dollars FY - FY
overhead cost) Needed Needed
($000)
Project Study Report 502 03/2007 - 04/2008
(PSR)
Project Approval and
Environmental 710 04/2008 - 06/2009
Document (PA8~ED)
Plans, Specification, 2,310 1,202 08109 06/2009 - 04!2011
and Estimate (PS&E)
Right-of-Way Support 263 263 08/09 06/2009 - 10/2010
Construction Support 3,1.50 3,150 11/12 12/2011 - 06/2014
Right-of-Way 1,050 1..,050 08/09 06/2009 - 10/2010
Acquisition
Construction 19,425 9,495 11/12 12/2011 - 06/2014
Total Project Cost $27,410 $15,090
• Includes Escalation of Capital 4 years at 4~
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
Resolution No. 2007-109 N.C.S. Page 4