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Home My WebLink AboutPCDC Staff Report 01/16/2001 • • ' - CITY OF'PETALUMA, CALIFORNIA • PCDC'AGENDA BILL Agenda Title: Discussion and Possible Action to Approve the Meeting-Date: • Preliminary Report for the CBD Redevelopment Plan Amendment, January 16, 2001 Receive the Draft Environment Impact Report, Receive: the Draft 2 Amended and Restated Redevelopment Plan.for the Central Business District Project, and Forward Same to.Affected Taxing Agencies Department: Director: -G. ' Contact Person: Phone Number: PCDC/City Manager MarangellaiSeifel Marangella/Seifel' 778-4581 Costof Proposal: $97,121 for Consultant.Services Account Number: 901-8508 Amount.Budgeted: $97,121 Name of Fund: CBD Project Area Fund (901) Attachments to.Agenda.Packet Item: Attachments-#2,3 and 4,numbering approx.,380 pages, are not included but-are,available atthe"City-Clerk's office for viewing. In 1. Resolution an effort to reduce paper copies,we have not included these in the 2. Preliminary Report packet,but want to reinforce the fact they are available upon request. 3. Draft E1R (Available 1/12/2001) . - - - 4. Draft Amended & Restated Redevelopment Plan for'the Central Business District Project Summary Statement: The City of Petaluma and the Petaluma Community Development Commission (PCDC) are considering a Redevelopment Plan Amendment to expand the CBD Project Area The Petaluma City Council originally adopted the Redevelopment Plan for the Petaluma Central Business District Project (CBD) on°September_27,'1976. . -In 1998,. the PCDC approved and adopted the Petaluma Redevelopment Strategy. This strategy recommended adding the portions of the Central Petaluma Specific Plan (Specific Plan) that. are not • currently in either the City's Central Business District (CBD) or Petaluma Community Development (PCD) Redevelopment Project Areas. In accordance with the recommendation of the Redevelopment - Strategy, the PCDC is preparing an ,Amendment to the Redevelopment Plan for the CBD for consideration by the City Council. The, attached document serves as the Preliminary Report for the Redevelopment Plan Amendment. If adopted by the City Council, the Redevelopment Plan Amendment will accomplish the following:, • Amend and restate the textof the existing Petaluma CBD-Redevelopment Plan to be consistent with current CRL requirements and redevelopment practice. • Extend or increase various RedevelopmentPlan financial and legal limits, as permitted by CRL. • Add the proposed Added Area to the CBD Area. • Add additional projects and activities to reflect current and anticipated redevelopment needs and opportunities in both the Existing and Added Areas. Council Priority: THIS AGENDA ITEM IS CONSIDERED TO BE PART OF, OR NECESSARY To, ONE OR MORE OF THE 1999-20.00 PRIORITIES ESTABLISHED BYTHE,CITY COUNCIL ON JANUARY 30, 1999 AND MARCH 18, 2000. Priority: Complete;Redevelopment Agency Review Recommended Petaluma Community Development Commission Action/Suggested Motion: It is recommended that the PCDC approve the Preliminary Report for the CBD Redevelopment Plan Amendment, receive the Draft Environment Impact Report, receive the Draft:Amended and Restated Redevelopment Plan for the Central Business District Project, and forw. • -'_o,affected Taxing Agencies. 411, eviewed ina e.Director: Revi-wed , tic • ornev: • •. I ri e• by City Manager: ate:1-• .1-11111, ate: . Date: Today's D te: Revision #` ", I a • evised: Ile ode: • CITY OF PETALUMA, CALIFORNIA PETALUMA COMMUNITY"DEVELOPMENT'COMMISSION January 16,,2001' AGENDA REPORT FOR. DISCUSSION AND POSSIBLE ACTIONTO:APPROVE THE PRELIMINARY REPORT FOR THE CBD REDEVELOPMENT PLAN AMENDMENT, RECEIVE THE DRAFT'ENVIRONMENT IMPACT REPORT, RECEIVE THE AMENDED.AND RESTATED REDEVELOPMENT PLAN FOR THE CENTRAL BUSINESS DISTRICT PROJECT; AND FORWARD SAME.TO AFFECTED TAXING AGENCIES 1. EXECUTIVE SUMMARY:, • The City of Petaluma and the Petaluma Community Development Commission (PCDC) are considering.a Red'evel'opment Plan Amendment to expand the CBD Project Area. The Petaluma City Council originally adopted the Redevelopment Plan for the Petaluma Central Business District Project (CBD)'on September 27, 1976. - • In 1998, the PCDC ,approyed and adopted the Petaluma Redevelopment Strategy. This strategy recommended adding the portions of -the Central Petaluma Specific Plan (Specific Plan) that-are not currently in either the City's Central Business,District (CBD) or Petaluma Community Development(PCD)RedevelopmentProject Areas. • In accordance with the recommendation of the,Redevelopment Strategy, the PCDC is preparing an.Amendment to the Redevelopment Plan for--the CBD for consideration by the City Council. This document serves as the Preliminary.Report for the Redevelopment Plan Amendment '(referred to as the Plan Amendment or Amended Plan). The Preliminary Report is required by Section 33344.5 of the California Community Redevelopment Law (CRL), a subsection of the California Health and Safety Code. If adopted.by the Petaluma Community Development Commission, the. Redevelopment Plan Amendment will accomplish thefollowing • Amend and restate the text of the existing Petaluma CBD_Redevelopment Plan to be consistent,with current CRL requirements'and redevelopment practice. • Extend or increase various Redevelopment Plan financial and legal limits, as permitted by the CRL. • Add the proposed Added Area to the CBD Area. • Add additional projects and activities to reflect current and anticipated redevelopment needs and opportunities in both the Existing and Added Areas. • • • 2. BACKGROUND: • The Preliminary Reporttis the first,major background document in,the process,,leading to consideration of the approval:of the proposed Plan,Amendment. The Report is,.a public document designed to provide background information to the PCDC and taxing entities _ affected'by the proposed.Amendment to the Redevelopment Project. The purpose/of the Preli ninary`Report isto: • Set forth the reasons for the selection'of the project area; • Show bli t and urbanization evidence • . Explain.programs and activities the Agency intends:to implement to • eliminate.blight;', • Propose'financing mechanisms for;:such programsdand activities;'and; • Provide a.description of how the projects:will eliminate blight. • With respect to the companion Draft Envifonmental Impact Report, the document has been prepared and was circulated on January 12, 2001, after, which there is 'a 45-day comment.period'for the publio,to:provide:comrnents. In summary, the proposed Plan.Amendment will extend various time and financial limits of the Existing CBD Redevelopment Plan, as well as add territory (Added Area)''to the CBD`.Project Area.(Existing Area) The proposed.Added Area consists of approximately • 127 acres Of'commercial, industrial andresidential land uses located.to the west and east of the Existing Area,. Figure I-2.. in the attached Report shows the location of the Amended Area(the conibiriation'of the Existing Area and Added Area). - • The Redevelopment,Plan Amendment will provide the. Agency with needed additional' legal and financial resources to alleviate blighting conditions, implement the. Specific Plan, .and promote economic development in the Existing Area The Amendment. is proposed,to:enhance'the Agency's ability to eliminate blight in the Amended Area in a more effective manner'than is possible under the Redevelopment Plan in place at this time. • 3. ALTERNATIVES: While it would delay the possible expansion of the project_area and the extension of the time limit for debt collection in the Existing Areabyabout "six months, the City Council could expand the project area-boundaries to include additional property beyond what is already contemplated and approved frit study. Otherwise, the CBD Project Area (the Existing Area) consists of approximately 98 acres and-encompasses the majority, of'the historic downtown core of they City from D Street to Washington Street and from Lakeville. Street to Liberty and 5`h Streets The proposed Plan Amendment would add approximately 127 acres to the,Existing-Area, creating=a 225-acre Amended.Area. • t .. • As shown in Figure I-2 in the attached Report, the proposed Added Area is located in two areas, to the west and east of the-,Existing Area._The western portion of the Added Area is generally bounded by Union Street, Western Avenue;.Howard Street, and Liberty Street. The eastern portion of the Added Area is generally bounded by D Street, McNear Avenue, the Northwest Pacific Railroad, and Petaluma Boulevard (the western portion _ does not include the McNear Peninsula or McNear Channel). The project is described in more detail in the Initial Study for the Central Business District Redevelopment Plan Amendment • 4. FINANCIAL IMPACTS: According to the chart below, the Added, Area,of the CBD Project Area will have a property tax base assessed value of approximately:$49;million. All of the affected taxing entities will continue to receive their share of property taxes from the base assessed value in both the Existing and Added Area Assuming a 1% propertyy tax rate, the entities will continue to receive about $188;000 from the existing area and about $488,000 from the Added Area. Chapter IV of the attached Preliminary Report describes the proposed methods for financing the proposed Redevelopment Program,projects and activities in the Amended Project Area if the Plan Amendment is adopted, Chapter IV also demonstrates the financial feasibility of the Amended.Redevelopinerit Program by comparing available funding sources for the Amended Project.Area with projected Redevelopment. Program costs. - • • Petaluma CBD Redevelopment Plan Amendment Amended Plan Existing Plan - Existing Area Added Area Acres ' 98 98 127 Adopted 9/27/1976 2001 2001 Base Assessed Value S18,832,170 $18,832,170 $48,801,481 Time Limits Incurring Debt 9/27/2001 2011 2021 Project,Activities, 9/27/2016 2016 2031 Tax Increment 9/27/2026 2026 2046 The CRL imposes specific time and fiscal limits on particular Agency activities for a new Plan or for the territoryadded to an existing plan. Thesetime limits affect the amount of tax incrementrevenue an agency can receive. Under the proposed Plan Amendment, the • time and fiscal limits of the proposed Added Area would bethe same as the limits of a new plan. • • 5. CONCLUSION: • In 1998, the PCDC approved,and adopted,the Petaluma Redevelopment Strategy which recommended adding the portions of the:Central Petaluma Specific Plan (Specific,Plan) that are not currently in either the City's Central Business District (CBD) or'Petaluma _ Community Development (PCD) Redevelopment Project Areas. The'FY'2000-01 PCDC Budget contained funds for Seifel Associates to prepare a CBD Plan Amendment that would expand.the CBD.ProjectsArea. A-Preliminary Report is the first major'document in the process-leading to the consideration of approval of the proposed Plan Amendment. 6. OUTCOMIE-THAT WILL IDENTIFY SUCCESS OR_COMPLETION: • The.CBD Plan Amendtnent'is approved by June 30, 2001. • 7:. RECOMMENDATION: It is recommended'that the Petaluma Community Development Commission adopt:the attached resolution: • approving the Preliminary Report for the Central Business District?Redevelopment'Plan Amendment; • receiving the Draft Environment Impact Report; • receiving the Draft Amended and Restated Redevelopment Plan for the Central Business •, District Project; and •' authorizing the distribution of sameto..taxing entities as°required bylaw.. • • • • • • •