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Home My WebLink AboutAGENDA BACKUP 10-04-90 . Central Contra Costa Sanitary District BOARD OF DIRECTORS PAGE 1 OF 2 POSITION PAPER BOARD MEETING OF October 4, 1990 NO. 3. CONSENT CALENDAR a. SUBJECT AUTHORIZATION FOR P.A. 90-12 (ALAMO AREA) TO BE INCLUDED IN A FUTURE FORMAL ANNEXATION TO THE DISTRICT DATE September 25,1990 TYPE OF ACTION ACCEPr ANNEXAllON FOR PROCESSING SUBMITTED BY Dennis Hall, Associate Engineer INITIATING DEPT.lDIV Engineering Dept.lConstruction Division Parcel No. Area Owner Address Parcel No. & Acreage Exley and Jolia Downing 3350 Woodland Way Lafayette, CA 94549 192-082-003 (0.20 AC.) Remarks Owner plans to rehabilitate existing building and connect to sewer. CCCSD to prepare "Notice of Exemption." Lead Agency CCCSD 90-1 2 Alamo (77E4) RECOMMENDATION: Authorize P.A. 90-12 to be included in a future formal annexation. DH JSM RAB REVIEWED AND RECOMMENDED FOR BOARD ACTION tptY J11] INITIATING DEPT.lDIV. 1302A-9/85 JONES 60.03 At BARNES 7, '= 0 A C GARC1A 6 06 At _-: := - -:.....-.....=- -=- -== - PROPOSED ANNEXATION P.A. 90-12 FA' 27_46 AC . Central Contra Costa Sanitary aJistrict BOARD OF DIRECTORS PAGE 1 OF 2 October 4, 1990 NO. 4. ENGINEERING a. POSITION PAPER BOARD MEETING OF SUBJECT DATE ADOPT REQUIRED RESOLUTIONS TO AUTHORIZE THE ISSUANCE September 28, 1990 AND SALE OF BONDS FOR LOCAL IMPROVEMENT DISTRICT TYPE OF ACTION NO. 57, MIDHILL SEWER PROJECT, LAFAYETTE AREA ADOPT RESOLUTIONS SUBMITTED BY INITIATING DEPT !DIV Dennis Hall, Associate Engineer Engineering Dept.lConstruction Division ISSUE: The Board of Directors must adopt three resolutions in order to proceed with the issuance and sale of Local Improvement District (LID) No. 57 bonds. BACKGROUND: On August 13, 1990, the Board of Directors established assessments for all property owners within the LID boundaries. Once assessments are established, state law provides for a 3D-day cash payment period during which time property owners who wish to pay their assessments in lump sum can do so. Alternatively, owners can pay on a yearly basis over the life of the bonds. Said cash payments reduce the amount of the bond issue required to be sold to the public to fund the LID's expenditures. The 3D-day period expired on September 22, 1990, and assessments remaining unpaid have been determined and are shown on Attachment 1. It is now appropriate for the Board to adopt the following resolutions: 1. Resolution determining assessments remaining unpaid. 2. Resolution authorizing issuance of bonds. 3. Resolution ordering sale of bonds. Bond Counsel, Sturgis, Ness, Brunsell & Sperry, will make arrangement for sale of the bonds after the resolutions are adopted. Mark Pressman and Associates has been selected by the District to underwrite the bond issue. RECOMMENDATION: Adopt resolutions for the following actions: 1. Determination of assessments remaining unpaid. 2. Authorize issuance of bonds 3. Order sale of bonds. REVIEWED AND RECOMMENDED FOR BOARD ACTION 1102A 9'8~, DH JSM RAB INITIATING DEPT /DIV ~ 11'1 i) .:1'Jh) )IP ATTACHMENT NO.1 UNPAID ASSESSMENTS ASSESSMENT NO. PARCEL NO./OWNER ASSESSMENT AMOUNT 1 . 232-090-013 $35,994.97 Swanson 2. 232-090-012 35,994.97 Sponzilli 3. 232-090-010 35,994.97 Lenci/DolI 4. 232-080-017 35,994.97 Chapman 5. 232-080-013 35,994.97 Grossgart 6. 232-080-012 35,994.97 Sullivan 7. 232-080-006 71,989.96* Macias Bond Issue Amount 287,959.78 *Existing parcel will be divided into two parcels in the future. . Central Contra Costa Sanitary aJistrict BOARD OF DIRECTORS PAGE 1 OF 3 POSITION PAPER BOARD MEETING OF October 4, 1 990 NO. 4. ENGINEERING b. SUBJECT DATE ADOPT A RESOLUTION TO ELECT TO RECEIVE FUTURE TAX REVENUES GENERATED IN THE PLEASANT HILL COMMONS REDEVELOPMENT PROJECT AREA September 28, 1990 TYPE OF ACTION ADOPT RESOLUTION SUBMITTED BY INlllA liNG DEPl .DIV Jay S. McCoy, Construction Division Manager Engineering Dept.lConstruction Division ISSUE: To preserve its rights, the District needs to pass a resolution electing to receive revenues legally accessible to the District generated in the Pleasant Hill Commons Redevelopment Project area prior to the adoption of a pending amendment to the Redevelopment Plan by the city of Pleasant Hill. BACKGROUND: The Pleasant Hill Commons Redevelopment Project (Project) was initiated in 1974 and has been amended four times in the years since its original adoption. The Pleasant Hill Redevelopment Agency (Agency) has initiated efforts aimed at reducing or eliminating the many problems affecting the Project area. Over the last 16 years, the Agency has made progress in alleviating these physical, social, and economic problems. However, the Agency has determined that the projects and financial resources identified in the original Project and subsequent amendments to the Project will be insufficient to overcome all the newly identified adverse conditions that exist within the Project area. Consequently, the Agency has proposed to amend the Project to provide a comprehensive and coordinated set of additional project activities related to: 1) real estate development and improvements; 2) public infrastructure and facilities improvements; 3) community facilities; and 4) other support projects. These additional project activities are estimated to cost $90,265,000 and are shown on Table 1. This $90,265,000 cost is the present value of the future revenues needed to fund the project. The future revenues which must be collected over the life of the project total $346,663,000. The Agency has a current limit of $52,000,000 on the total amount of tax increment revenues it may accrue and expend over the life of the Project. The proposed amendment to the Project seeks to extend the life of the project from 2004 until 2030 and to increase the limit on tax increment revenues from $52,000,000 to $346,663,000. The Agency proposes to capture the entire $346,663.000. The District, along with 17 other taxing agencies, are negotiating with the Agency to increase the amount of future tax revenues which the other agencies will receive. The Community Redevelopment Law provides a means by which the District may be entitled to receive a portion of future tax increment revenues generated in the Project area which would otherwise be payable to the Agency. Such revenues include the District's portion of the annual two percent increase in current assessed valuations in the Project area. The District will not be able to receive these revenues unless the Board of Directors adopts a resolution electing to receive all tax revenues available to it pursuant to Section 33676 of the Health and afety Code. REVIEWED AND RECOMMENDED FOR BOARD ACTION RAB I2tt SUBJECT POSITION PAPER ADOPT A RESOLUTION TO ELECT TO RECEIVE FUTURE TAX REVENUES GENERATED IN THE PLEASANT HILL COMMONS REDEVELOPMENT PROJECT AREA PAGE DATE 2 OF 3 Seotember 28 1 990 The Agency has asserted that the District and other similarly situated taxing agencies are not entitled to the funds provided by this section because the Agency's action is merely to amend an existing redevelopment plan. This issue may be one which will need to be resolved by legal means. Regardless of this legal issue and the continuing negotiations with the Agency, it is necessary for the District to pass the resolution electing to receive funds under Section 33676 in order to preserve its rights to such funds. This resolution must be passed before the pending amendment to the Redevelopment Plan is passed by the city of Pleasant Hill which is tentatively scheduled for November 7, 1990. RECOMMENDATION: Adopt a resolution to elect to receive future tax revenues pursuant to Health and Safety Code Section 33676. 13028-9/85 TABLE 1 PROPOSED AGENCY PROJECTS Descriotion .em Retirement of Existing Bonds $ 11,000,000 Relocation Costs 10,000,000 8,100,000 Replacement Housing Parking Structures Land and Construction 32,000,000 Storm Drains Monument Boyd/Cresent Treleny 200,000 50,000 50,000 Traffic Improvements Cleaveland Road Contra Costa Blvd. - West side Contra Costa Blvd. - East side Gregory Lane Boyd Road Monument Plaza 900,000 1,500,000 750,000 450,000 800,000 1,650,000 Plaza, Streetlights and Landscaping 3,000,000 Traffic Signals 400,000 Housing Set Aside 13,415,000 Administration TOTAL 6.000.000 $90.265.000