HomeMy WebLinkAboutResolution 2012-096 N.C.S. 06/18/2012 Resolution No. 2012-096 N.C.S.
of the City of Petaluma, California
AUTHORIZING THE EXECUTION OF AN AMENDED AND RESTATED
COOPERATIVE AGREEMENT WITH THE SUCCESSOR AGENCY FOR THE
FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION
WHEREAS, pursuant to authority granted under Community Redevelopment Law
(California Health and Safety Code Section 33000 et seq.) ("CRL"), the Petaluma Community
Development Commission, a redevelopment agency ("PCDC" or "former PCDC") had
responsibility to implement the Redevelopment Plans for the Central Business District Project
Area and the Petaluma Community Development Project Area (collectively, the "Project Area");
and,
WHEREAS, Section 33220 of the CRL authorized any public body to enter into an
agreement with a redevelopment agency for the purpose of aiding and cooperating in the
planning, undertaking, construction, or operation of redevelopment projects located within the
jurisdiction in which such public body is authorized to act, upon the terms and with or without
consideration as such public body determines; and,
WHEREAS, Section 33126(b) of the CRL authorized redevelopment agencies to enter
into contracts with any other public agency pursuant to which the public agency would agree to
furnish necessary staff services associated with or required by redevelopment; and,
WHEREAS,Section 33205 of the CRL authorized redevelopment agencies to delegate
to the jurisdiction that formed the agency any of the powers or functions of the redevelopment
agency with respect to the undertaking of a redevelopment project, and authorized such
jurisdiction to carry out and perform such powers and functions; and,
WHEREAS, Section 33445 of the CRL authorized redevelopment agencies, with the
consent of the legislative body of the community, to pay for all or a portion of the cost of the
land for, and the cost of construction of, any building, facility, structure, or other improvements
that are publicly owned and located within the redevelopment project area if the legislative body
adopts findings based upon substantial evidence that:
Resolution No. 2012-096 N.C.S. Page 1
(1) The acquisition of the land or the installation or construction of the buildings,
facilities, structures, or other improvements that are publicly owned are of benefit to the project
area.
(2) The acquisition of the land or the installation or construction of the buildings,
facilities, structures, or other improvements that are publicly owned benefits the project area by
helping to eliminate blight within the Project Area, or will directly assist in the provision of
housing for low- or moderate-income persons.
(3) No other reasonable means of financing the acquisition of the land or the
installation or construction of the buildings, facilities, structures, or other improvements that are
publicly owned, are available to the community.
(4) The payment of funds for the acquisition of land or the cost of buildings,
facilities, structures, or other improvements that are publicly owned is consistent with the
implementation.plan adopted pursuant to CRL Section 33490; and,
WHEREAS, the governing board of the former PCDC and the City Council of the City
of Petaluma each adopted the findings described in the foregoing Recital with respect to the
public improvements (the "Public Improvements") and other programs described in that certain
Original Cooperative Agreement further described herein, by Resolutions adopted on January 31,
2011; and,
WHEREAS, the City and the former PCDC have executed agreements with other public
agencies, including without limitation, the Sonoma County Transportation Authority and
California Department of Transportation, which address the development of public
improvements and facilities within the Project Area, including the Public Improvements; and,
WHEREAS, as a condition to the receipt of certain grants awarded by regional, state and
federal agencies, the City and/or Successor Agency are obligated to pay for, undertake, or ensure
that certain improvements are constructed, including without limitation, the development of
public improvements and infrastructure within the Project Area; and,
Resolution No. 2012-096 N.C.S. Page 2
WHEREAS, the Redevelopment Agency issued tax-exempt Subordinate Lien Tax
Allocation Bonds, Series 2011 in the aggregate principal amount of$11,369,000 (the "Bonds");
and,
WHEREAS, in connection with the issuance of the Bonds, the former PCDC and US
Bank National Association (the"Trustee") executed an Indenture dated as of March 1, 2011 (the
"Indenture") which, among other things, describes procedures applicable to the payment of
principal and interest on the Bonds, redemption of the Bonds and the use of the proceeds of the
Bonds; and,
WHEREAS, Section 12.04 of the Indenture provides that the Bonds may not be
redeemed prior to May 1 2018; and,
WHEREAS, the Indenture provides that the proceeds of the Bonds may be used only for
costs of the project as defined in and more particularly described in the Indenture (the "Project");
and,
WHEREAS, the Project includes the Public Improvements [and the other items
described in Exhibits A & B to Attachment A, attached hereto]; and,
WHEREAS, the City and the PCDC entered into that certain Cooperative Agreement
dated as of January 31, 2011 (the "Original Cooperative Agreement"), pursuant to which, among
other things, the City agreed to undertake the construction and installation of the Public
Improvements and certain other public improvements, and the PCDC agreed to provide funding
for such work; and,
WHEREAS, pursuant to Resolution 2012-007 N.C.S., adopted by the City Council on
January 9, 2012, the City agreed to serve as the Successor Agency commencing upon dissolution
of the PCDC on February 1, 2012 pursuant to Assembly Bill xl 26 ("AB 26"), and thereby
assumed the rights and obligations of the PCDC as stated therein; and,
WHEREAS, in accordance with ABxI 26, the Successor Agency prepared a Recognized
Obligation Payment Schedule("ROPS") setting forth the schedule of existing former PCDC
obligations, including among others, the obligation to provide funding for the Public
Resolution No. 2012-096 N.C.S. Page 3
Improvements [and the other items described in Exhibits A & B to Attachment A, attached
hereto]; and,
WHEREAS, an oversight board for the Successor Agency was established pursuant to
ABx1 26 (the "Oversight Board"); and,
WHEREAS, the Oversight Board approved the ROPS by Resolution No. 2012-03
adopted on April 25, 2012; and,
WHEREAS, Health and Safety Code Section 34178(a) provides that, with specified
exceptions, commencing upon February 1, 2012, agreements, contracts and arrangements
between a redevelopment agency and the city that formed the redevelopment agency are invalid;
provided however, a successor agency that wishes to reenter into agreements with the city that
formed the agency may do so upon obtaining approval of the oversight board; and,
WHEREAS, following consideration of a Successor,Agency staff presentation and
public comment at its April 25, 2012 meeting, by Resolution No. 2012-03 the Oversight Board
authorized and directed that the Original Cooperative Agreement and/or the programs thereunder
shall continue, and that the Successor Agency shall take any and all steps as may be necessary to
effectuate the intent of the Original Cooperative Agreement and the obligations and programs
thereunder; and,
WHEREAS, the City and the Successor Agency desire to enter into an Amended and
Restated Cooperative Agreement (the "Agreement") to set forth the construction activities and
services that the City will undertake or make available in furtherance of the completion of the
Public Improvements and the other programs and services set forth in the Agreement, and to
provide that the Successor Agency will pay for or reimburse the City for actions undertaken and
costs and expenses incurred in connection with such work, programs and services; and,
WHEREAS, the Agreement is intended to amend and restate the Original Cooperative
Agreement; and,
WHEREAS, the execution of the Agreement was approved by the governing board of
Resolution No. 2012-096 N.C.S. Page 4
the Successor Agency by resolution adopted on June 18, 2012; and,
WHEREAS, the Oversight Board will consider the Agreement at its meeting on July 11,
2012.
NOW THEREFORE, BE IT HEREBY RESOLVED by the City Council of
the City of Petaluma that it hereby:
1. Affirms and ratifies the findings set forth in the foregoing Recitals.
2. Subject to approval of the Oversight Board, authorizes the City Manager or
designee to execute and deliver the Agreement substantially in the form attached
hereto.
3. Authorizes the City Manager or designee to execute such other documents and to
take such other actions as necessary to carry out the intent of this Resolution.
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 Appr to
Council of the City of Petaluma at a Regular meeting on the l8th day of June, 2012, or
by the following vote:
City Attorney
AYES: Albertson,Barrett.Mayor Glass, Harris, Healy.Kearney, Vice.Mayor Renee
NOES: None
ABSENT: None
ABSTAIN: None I/
ATTEST: A� A.1 14/ ! teL,4
puh •ity'+•W C—Mayor
Resolution No.2012-096 N.C.S. Page 5
SA^Ltr
1859 ATTACHMENT A TO RESOLUTION 2012-096 N.C.S.
AMENDED AND RESTATED COOPERATIVE AGREEMENT BETWEEN THE CITY OF PETALUMA AND THE
SUCCESSOR AGENCY FOR THE FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION
This Amended and Restated Cooperative Agreement (this "Agreement") is entered into
effective as of , 2012 ("Effective Date") by and between the City of
Petaluma, a municipal corporation ("City") and the Successor Agency for the former Petaluma
Community Development Commission ("Successor Agency"). The City and the Successor
Agency are hereinafter collectively referred to as the "Parties."
RECITALS
A. Pursuant to authority granted under Community Redevelopment Law (California Health
and Safety Code Section 33000 et seq.) ("CRL"), the Petaluma Community Development
Commission ("Redevelopment Agency" or "PCDC") had responsibility to implement the
redevelopment plan for the Central Business District Project Area and the Petaluma Community
Development Project Area (collectively, the "Project Area") established by the Redevelopment
Plan adopted for the Project Area pursuant to Ordinance No. 1221, adopted on September 27,
1976; Ordinance No. 1725, adopted on June 13, 1988; and Ordinance No. 2116, adopted on
July 18, 2001 (as subsequently amended, hereinafter the "Redevelopment Plan").
B. Section 33220 of the CRL authorized any public body to enter into an agreement with a
redevelopment agency for the purpose of aiding and cooperating in the planning, undertaking,
construction, or operation of redevelopment projects located within the jurisdiction in which
such public body is authorized to act, upon the terms and with or without consideration as such
public body determines.
C. Section 33126(b) of the CRL authorized redevelopment agencies to enter into a contract
with any other public agency pursuant to which such public agency would agree to furnish
necessary staff services associated with or required by redevelopment.
D. Section 33205 of the CRL authorized redevelopment agencies to delegate to the
jurisdiction that formed the agency any of the powers or functions of the redevelopment
agency with respect to the undertaking of a redevelopment project, and authorized such
jurisdiction to carry out and perform such powers and functions.
E. Section 33445 of the CRL authorized redevelopment agencies, with the consent of the
legislative body of the community, to pay for all or a portion of the cost of the land for, and the
cost of construction of, any building, facility, structure, or other improvements that are publicly
owned and located within or contiguous to the redevelopment project area upon the
legislative body's adoption of findings that:
(1). The acquisition of the land or the installation or construction of the buildings,
facilities, structures, or other improvements that are publicly owned are of benefit to the project
area by helping to eliminate blight within the project area or providing housing for low- or
moderate-income persons;
Resolution No. 2012-096 N.C.S. Page 6
(2). No other reasonable means of financing the acquisition of the land or the
installation or construction of the buildings, facilities, structures, or other improvements that are
publicly owned, are available to the community; and
(3). The payment of funds for the acquisition of land or the cost of buildings, facilities,
structures, or other improvements that are publicly owned is consistent with the implementation
plan adopted pursuant to CRL Section 33490.
The Parties reaffirm that the facts as set forth in the Section 33445 findings made pursuant to the
CRL remain accurate.
On January 31, 2011, by Resolutions the governing board of the Redevelopment Agency and
the City Council of the City of Petaluma each adopted the findings described in the foregoing
Recital with respect to the public improvements described in Exhibit A (the "Public
Improvements") attached hereto.
The Redevelopment Agency issued tax-exempt Subordinate Lien Tax Allocation Bonds,
Series 2011 in the aggregate principal amount of$11,369,000 (the "Bonds").
J. In connection with the issuance of the Bonds, the former PCDC and US Bank National
Association (the "Trustee") executed an Indenture dated as of March 1, 2011 (the "Indenture")
which, among other things, describes procedures applicable to the payment of principal and
interest on the Bonds, redemption of the Bonds and the use of the proceeds of the Bonds.
K. Section 12.04 of the Indenture provides that the Bonds may not be redeemed prior to
May 1 2018.
L. The Indenture provides that the proceeds of the Bonds may be used only for costs of the
project as defined in and more particularly described in the Indenture (the "Project").
M. The City and the Redevelopment Agency entered into that certain Cooperative
Agreement dated as of January 31, 2011 (the "Original Cooperative Agreement"), pursuant to
which, among other things, the City agreed to undertake the construction and installation of the
Public Improvements and to undertake certain other programs and services, and the
Redevelopment Agency agreed to provide funding for such work, programs and services..
N. Pursuant to Resolution No. 2012-007 N.C.S., adopted by the City Council on January 9,
2012, the City elected to serve as the Successor Agency to the Redevelopment Agency
commencing upon dissolution of the Redevelopment Agency on February 1, 2012, pursuant to
Assembly Bill xl 26 ("ABx1 26"), and thereby assumed the rights and obligations of the
Redevelopment Agency.
O. Pursuant to Resolution No. 2012-009 N.C.S. adopted by the City Council on January 23,
2012, the City elected to retain the housing functions and assets of the Redevelopment Agency
as of February 1, 2012 and to serve as Housing Successor to the Redevelopment Agency.
P. In accordance with ABx1 26, the Successor Agency prepared a Recognized Obligation
Payment Schedule ("ROPS") setting forth the schedule of existing former PCDC obligations,
including, among others, the obligations to provide funding for the Public Improvements and the
other programs and services described in Exhibits A and B attached hereto.
Resolution No. 2012-096 N.C.S. Page 7
Q. An oversight board for the Successor Agency was established pursuant to ABxl 26 (the
"Oversight Board").
R. The Oversight Board approved the ROPS by Resolution No. 2012-03 on April 25, 2012.
S. Health and Safety Code Section 34178(a) provides that, with specified exceptions,
commencing on February 1, 2012, agreements, contracts and arrangements between a
redevelopment agency and the city that formed the redevelopment agency are invalid;
provided however, that a successor agency that wishes to reenter into agreements with the city
that formed the redevelopment agency may do so upon obtaining approval of the oversight
board. This Agreement is entered into pursuant to the express authority of Health and Safety
Code Section 34178(a).
T. Following consideration of a Successor Agency staff presentation and public comment
at its April 25, 2012 meeting, by Resolution No. 2012-03 the Oversight Board authorized and
directed that the Original Cooperative Agreement and/or the programs thereunder shall
continue, and that the Successor Agency shall take any and all steps as may be necessary to
effectuate the intent of the Original Cooperative Agreement and the obligations and programs
thereunder.
U. The Parties desire to enter into this Agreement to set forth activities, services, and facilities
that the City will undertake or make available to the Agency in furtherance of the
redevelopment of the Project Area, and to provide that the Successor Agency will pay for or
reimburse the City for actions undertaken and costs and expenses incurred in connection with
such work.
V. The Parties intend this Agreement to amend and restate the Original Cooperative
Agreement.
W. The execution of this Agreement was approved by the City Council by Resolution No.
, on and by the governing board of the Successor Agency by Resolution No.
each adopted on June 18, 2012.
X. The execution of this Agreement was approved by the Oversight Board by Resolution No.
adopted on July 11, 2012.
NOW, THEREFORE, in consideration of the mutual covenants, conditions and promises
herein contained, the Parties hereby agree as follows.
1. Term. The term of this Agreement shall commence on the Effective Date, and shall
continue in effect until the earlier of the date that the Public Improvements are completed, or
the date by which the City has received all property tax revenue payable to the City pursuant
to this Agreement.
2. City to Construct Public Improvements and Pay for Programs and Services. The City
agrees to undertake or otherwise cause to be performed the construction and installation of the
Public Improvements and to undertake the programs and services described in the attached
Exhibits A and B.
Resolution No. 2012-096 N.C.S. Page 8
3. Successor Agency to Pay for Public Improvements. The Successor Agency agrees to provide
to the City the amounts set forth in Exhibit A for the cost of construction of the Public
Improvements and the amounts set forth in Exhibit B for the cost of the programs and services
therein identified, and in accordance with the schedule set forth therein. The Successor Agency
agrees to take all actions reasonably necessary to make such funds available to City, including
without limitation, the listing of this Agreement on the Successor Agency's Recognized
Obligation Payment Schedule.
4. Source of Funds. The Parties acknowledge that the sole source of funds available to the
Successor Agency to make the payments to City required pursuant to this Agreement are the
proceeds of the Bonds (defined above) and the allocation of property tax revenue by the
Sonoma County Auditor-Controller to the Successor Agency from the Redevelopment Property
Tax Trust Fund established by the Sonoma County Auditor-Controller for the Successor Agency
pursuant to Health and Safety Code Section 34170.5.
5. Subordination. The obligation of the Successor Agency to make payments to City
pursuant to this Agreement shall be subordinate to any obligation of the Successor Agency to
pay debt service on bonds heretofore issued by the former PCDC.
6. Project Approvals; Environmental Review. This Agreement is not intended to limit in any
manner the discretion of City in connection with the issuance of approvals and entitlements for
the projects described in this Agreement, including without limitation, the undertaking and
completion of any required environmental review pursuant to the California Environmental
Quality Act ("CEQA") and the National Environmental Policy Act ("NEPA"), as applicable, and
• the review and approval of plans and specifications. Prior to approving any of the projects
described herein, the City acting as lead agency or co-lead agency, shall complete any
environmental review required under CEQA or NEPA.
7. Severability. If any term, provision, covenant, or condition set forth in this Agreement,
including without limitation the exhibits hereto, is held by the final judgment of a court of
competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions,
covenants, and conditions shall continue in full force and effect to the extent that the basic
intent of the Parties as expressed herein can be accomplished. In addition, the Parties shall
cooperate in good faith in an effort to amend or modify this Agreement in a manner such that
the purpose of any invalidated or voided provision, covenant, or condition can be
accomplished to the maximum extent legally permissible.
8. No Third-Party Beneficiaries; Assignments. Nothing in this Agreement is intended to
create any third-party beneficiaries to the Agreement, and no person or entity other than the
Successor Agency and the City, and the permitted successors and assigns of either of them,
shall be authorized to enforce the provisions of this Agreement.
Resolution No. 2012-096 N.C.S. Page 9
9. Further Assurances. Each Party agrees to execute, acknowledge and deliver all
additional documents and instruments, and to take such other actions as may be reasonably
necessary to carry out the intent of the transactions contemplated by this Agreement.
10. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of California.
11. Counterparts. This Agreement may be executed in counterparts, each of which shall be
deemed an original and all of which shall constitute but one and the same instrument.
12. Amendments. This Agreement may be modified or amended, in whole or in part, only by
an instrument in writing, executed by the Parties.
13. Recitals. The Recitals set forth above are hereby incorporated into this Agreement as
though fully set herein.
14. Exhibits. Exhibits A & B attached hereto are hereby incorporated into this Agreement by
reference.
[SIGNATURES ON FOLLOWING PAGE.]
Resolution No. 2012-096 N.C.S. Page 10
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first
written above.
CITY:
CITY OF PETALUMA,
a municipal corporation
By:
David Glass, Mayor
ATTEST:
By:
Claire Cooper, CMC, City Clerk
APPROVED AS TO FORM:
By:
Eric W. Danly, City Attorney
Resolution No.2012-096 N.C.S. Page 11
SUCCESSOR AGENCY:
CITY OF PETALUMA ACTING IN ITS CAPACITY AS SUCCESSOR AGENCY FOR THE FORMER PETALUMA
COMMUNITY DEVELOPMENT COMMISSION,
a public body, corporate and politic
By:
John C. Brown, Executive Director
ATTEST:
By:
Claire Cooper, CMC, Successor Agency Secretary
APPROVED AS TO FORM:
By:
Eric W. Danly, Successor Agency Counsel
Resolution No. 2012-096 N.C.S. Page 12
EXHIBIT A TO AGREEMENT
1. Old Redwood Highway Interchange Project
Location: Highway 101 and Old Redwood Highway
Project Description:This project upgrades the Old Redwood Highway 101 interchange to
meet current standards and future traffic requirements.The proposed interchange includes
ramp widening and reconfiguration, traffic operations system improvements, over-crossing
structure widening to six lanes, including bicycle lanes and enhanced signalization
improvements at the intersections. It is to be constructed independently of the Central B
portion of the proposed future widening on US 101, and will provide both safety and
congestion relief enhancements. The project has $10M Measure M funds allocation, with the
City/local funds paying for the remaining $20.885M costs.
Facts: Completion of the public improvements at Old Redwood Highway will help to
eliminate blighting conditions in the project area because the infrastructure upgrades and
circulation improvements will address roadway and transportation related deficiencies; as
well as improving impediments to circulation and access that deter revitalization in the area.
Section 33445 Findings:
1. This project will benefit the project area by helping eliminate blight. The undeveloped
site will have access from the new railroad crossing. A development project in the area
will promote investment and be a catalyst for development in the area.
2. No other reasonable means of financing are available. This project would not be
feasible without the use of redevelopment funds.
3. The payment of funds for the cost of the improvements that are publicly owned is
consistent with the Implementation Plan adopted by PCDC on June 18, 2007.
Anticipated Project Cost:
$ 1,433,000 2012-2013
$ 12,638,000 2013-2014
$ 747,000 2014-2015
$ 511,000 2015-2016
2. 101/East Washington Interchange Project
Location: Highway 101 and East Washington Street
Project Description: This project improves the East Washington Street Interchange with
Highway 101 by adding a new northbound on-ramp and realigning the existing southbound
on-ramp. Currently, project funding consists of SAFTLU $13.5M, demonstration funds $1 M,
Measure M $2.9M, and the City$4M local funds toward project right-of-way acquisitions and
Resolution No.2012-096 N.C.S. Page 13
construction of the East Washington Interchange, for total available funding of $21.4M. The
estimated cost to design the MSN-C is $6.5M, for a total project cost of $28M.
Facts: Completion of the public improvements at 101 Interchange will help to eliminate
blighting conditions in the project area because the infrastructure upgrades and circulation
improvements will address roadway and transportation related deficiencies; as well as
improving impediments to circulation and access that deter revitalization in the area.
Section 33445 Findings:
1. This project will benefit the project area by helping eliminate blight. The undeveloped
site will have access from the new railroad crossing. A development project in the area
will promote investment and be a catalyst for development in the area.
2. No other reasonable means of financing are available. This project would not be
feasible without the use of redevelopment funds.
3. The payment of funds for the cost of the improvements that are publicly owned is
consistent with the Implementation Plan adopted by PCDC on June 18, 2007.
Anticipated Project Cost:
$ 749,000 2012-2013
$ 777,000 2013-2014
3. Rainier Avenue Cross-town Connector/Interchange Project
Location: Rainier Avenue
Project Description: This project provides a new interchange and cross-town roadway under-
crossing of US 101. SCTA has agreed to incorporate the under-crossing structure as part of
the US 101 MSN C-2 widening project, which is currently in design. To ensure inclusion of the
under-crossing structure into the MSN C-2 schedule, the interchange component and the
under-crossing component are being studied as two separate, independent projects. As
part of the work effort for the cross-town connector roadway portion of the project, a
project study report/project report and environmental document must be completed.
Facts: Completion of the public improvements at Rainier Avenue including a Cross-town
connector will help to eliminate blighting conditions in the project area because the
infrastructure upgrades and circulation improvements will address roadway and
transportation related deficiencies; as well as improving impediments to circulation and
access that deter revitalization in the area.
Section 33445 Findings:
1. This project will benefit the project area by helping eliminate blight. The undeveloped
site will have access from the new railroad crossing. A development project in the area
will promote investment and be a catalyst for development in the area.
2. No other reasonable means of financing are available. This project would not be
feasible without the use of redevelopment funds.
Resolution No. 2012-096 N.C.S. Page 14
3. The payment of funds for the cost of the improvements that are publicly owned is
consistent with the Implementation Plan adopted by PCDC on June 18, 2007.
Anticipated Project Cost:
$1,322,000 2012-2013
$7,150,000 2013-2014
4. River Trail -Washington to Lakeville Project
Location: Various locations in PCD project area
Project Description: This project implements a portion of the Petaluma River Access and
Enhancement Plan from Lynch Creek (Near Lakeville Street) to Washington Street. The
project will construct a multimodal path along the project limits and construct a pedestrian
bridge over the Petaluma River to close gap in this important pedestrian route.
Facts: The project is necessary to rehabilitate and reconstruct a pathway which will promote
multimodal access and connect to the downtown SMART station.
Section 33445 Findings:
1. This project will benefit the project area by helping eliminate blight. The undeveloped
site will have access from the new railroad crossing. A development project in the area
will promote investment and be a catalyst for development in the area.
2. No other reasonable means of financing are available. This project would not be
feasible without the use of redevelopment funds.
3. The payment of funds for the cost of the improvements that are publicly owned is
consistent with the Implementation Plan adopted by PCDC on June 18, 2007.
Anticipated Project Cost:
$1,472,000 2012-2013
5. Brownfields Program
Location: Entire PCD area
Project Description:The City has committed to a $200,000 match to a $1 Million Environment
Protection Agency Revolving Loan Fund (RLF) Grant. The RLF works in conjunction with
several EPA funded assessment grants to provide financial and technical assistance to
property owners for assessment and clean-up of Brownfields within the redevelopment area.
Resolution No. 2012-096 N.C.S. Page 15
Anticipated Project Cost:
$200,000 2012-2016
5. Economic Development/Site Development
Location: Potential site addresses or APNs
Anticipated Project Cost:
$6,000,000 2012-2016
Resolution No. 2012-096 N.C.S. Page 16
EXHIBIT B TO AGREEMENT
1. Affordable Housing Programs
Redevelopment Funds can be used for the purpose of increasing, improving and preserving
the supply of low-and moderate-income housing within the City and for all the costs
associated with the affordable housing program. These programs are listed below along
with the nonprofit agency that partners with the City of Petaluma.
1. Rental Assistance Program- Petaluma People Services
2. Transitional Housing Program -Salvation Army
3. Transitional Housing Program-Committee on the Shelterless
4. Family Transitional Housing - Committee on the Shelterless
5. Fair Housing- Landlord and Tenant Mediations- Petaluma People Services Center
6. Mobile Home Rent Control-City of Petaluma
7. Rehab of Low-Income Families and Seniors- Rebuilding Together
Anticipated Project Cost:
$2,629,200 2012-2015
1896689.1
Resolution No. 2012-096 N.C.S. Page 17