HomeMy WebLinkAbout2011-03-15 - RESOLUTIONS - REAL PROPERTY REVENUE TRANSFER (3)RESOLUTION NO. RDA 11-5
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
CLARITA, AUTHORIZING AND DIRECTING THE TRANSFER OF REAL
PROPERTY, BOND PROCEEDS AND TAX INCREMENT REVENUES FROM THE
REDEVELOPMENT AGENCY OF THE CITY OF SANTA CLARITA TO THE CITY
FOR THE PURPOSE OF CONSTRUCTING AND COMPLETING THE OLD TOWN
NEWHALL LIBRARY PROJECT
WHEREAS, the Redevelopment Agency of the City of Santa Clarita (Agency) is
a public body, corporate and politic, duly established and authorized to transact business
and exercise powers under and pursuant to the provisions of the Community
Redevelopment Law of the State of California (Law), constituting Part 1 of Division 24
of the Health and Safety Code of the Law, including the power to expend funds for public
improvements for the benefit of the Newhall Redevelopment Project Area (Project Area);
and
WHEREAS, the City of Santa Clarita is the legislative body for the community in
which the Project Area is located and is required to consent to payments to be made by its
Agency for the acquisition and construction of public facilities; and
WHEREAS, on November 22, 2005, the City Council approved the Downtown
' Newhall Specific Plan (DNSP). During that meeting, the City Council also certified the
Environmental Impact Report that examined the many attributes of the DNSP's vision
and determined the benefits of implementing the plan would be substantial for the entire
community. The DNSP was adopted to transform Old Town Newhall into a thriving,
mixed-use, pedestrian -oriented urban village with a series of economic engines. The
DNSP identifies a public library to visually anchor and define the north end of Main
Street; and
WHEREAS, after meeting with representatives from the City Council, Agency,
and Newhall community, and incorporating ideas from each, the City Council and
Redevelopment Agency approved the architectural design for the construction of a
30,000 -square -foot, two-story public library in Old Town Newhall on May 11, 2010. The
new library will be of steel moment frame construction, certified as Leadership in Energy
and Environmental Design (LEED) Silver, on a 2.65 -acre site, including site grading and
a landscaped parking lot; and
WHEREAS, the provision of public improvements is consistent with the
Redevelopment Project's Five -Year Implementation Plan in that construction of the Old
Town Newhall Public Library (Project) constitutes a project listed in the Plan to
transform Old Town Newhall into a thriving, mixed-use, pedestrian -oriented urban
village with a series of economic engines that visually anchors and defines the north end
' of Main Street, meeting the goals and objectives of the Plan; and
WHEREAS, the Agency has recently completed assembly of the complete Project
site, consisting of 24513, 24522, 24533, and 24535 Railroad Street; 24515, 24519,
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24527, and 24509 Spruce Street; Assessors parcels numbered 2831-006-900, 2831-006- '
904, 2831-006-905, 2831-006-003, 2831-006-901, 2831-006-028, 2831-006-902, 2831-
006-903, 2831-006-906; and the vacated public streets adjacent thereto (collectively the
Site); and
WHEREAS, acquisition cost for the above -referenced real properties totals
$6,512,230.67. Of that amount, $782,326 was paid for with Agency tax increment funds.
The balance of $5,729,904.67 was paid for with Agency bond proceeds. The total cost of
the use of such bond proceeds for the land acquisition (proceeds plus interest over the life
of the bonds) is $11,646,122.95. Such interest is paid with Agency tax increment; and
WHEREAS, in addition to land acquisition costs, to date, $5,148,223.60 in
Agency bond proceeds has been spent in pre -construction activities including, but not
limited to, design, engineering, installation of a new waterline, utility relocations, rough
grading, street improvements and staff oversight; and
WHEREAS, the remaining budget to construct the Library Project to completion
is $17,133,351.73. Of this amount, $165,480 is budgeted to come from tax increment,
while $16,967,871.73 is budgeted to be paid for with bond proceeds. The total cost of the
use of such bond proceeds for the construction of the Library Project (proceeds plus
interest over the life of the bonds) is $49,649,261.02. Such interest is paid with Agency
tax increment; and ,
WHEREAS the Agency Board and City Council on December 14, 2010, made the
following findings with respect to the construction of the Project:
a. The Project is of benefit to the Project Area as .there are inadequate public
facilities within the Project Area and the construction of a public library will
provide those needed public facilities; and
b. No other reasonable means of financing the Project are available to the
community as the City is using its funds to undertake other public
improvements throughout the City; and
c. The payment of funds for the Project will assist in the elimination of blighting
conditions inside the Project Area and once complete, the Project will assist in
attracting new businesses and residential developments to the area as the
Project will be a positive public amenity within the Project Area; and
d. The use of Agency funds for the construction of the Project is consistent with
the Agency's adopted implementation plan per Health and Safety Code
Section 33490; and
WHEREAS the Agency is authorized, pursuant to the California Redevelopment
Law and with the consent of the City to expend Agency tax increment and bond proceeds I for the construction of public facilities and to acquire real property for the same and
dedicate or otherwise transfer such real property to the City; and
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WHEREAS legislation recently released by the State of California, if adopted,
could effectuate a moratorium on further actions by the Agency with respect to
disbursements of funds for construction of the Project and any transfer of the Project site
to the City, notwithstanding
that the City and Agency have been planning the Project for over five years and have
each taken numerous actions to implement same; and
WHEREAS, transfer of Agency tax increment and bond proceeds, as well as the
Project site to the City at this time is necessitated by the actions of the State to avoid
frustration of the City's and Agency's objectives with respect to the Project, as well as to
avoid negative impacts to the Project Area and the City as a whole.
NOW, THEREFORE, the Redevelopment Agency of the City of Santa Clarita
does hereby resolve as follows:
SECTION 1. Recitals. The Agency Board hereby finds that the above recitals
are true and correct and incorporates them herein.
SECTION 2. Agency Authorization and Direction to Transfer of Real Property.
The Agency Board hereby commits the bond proceeds and tax increment utilized to
acquire the Site by authorizing and directing the transfer of the Site to the City by deed
from the Agency to the City without payment therefore, as the consideration for the
transfer will be the ongoing operation of the Library, which will assist in the elimination
of blight. The Agency Board finds and determines that those findings that support the
use of Agency bond proceeds and tax increment for construction of the Project also
support the use of same for acquisition of the Site and transfer of the Site to the City
without monetary consideration. The Agency Chairperson, Executive Director, and
Secretary are authorized and directed to execute such instruments and take such actions
as are necessary to effectuate the transfer of Title from the Agency to the City. The deed
shall include the required redevelopment law non-discrimination covenants.
SECTION 3. Agency Authorization and Direction to Transfer of Construction
Funds. The Agency Board hereby commits bond proceeds and tax increment in the
amount not to exceed $17,133,351.73 by authorizing and directing the transfer of same to
the City to be held and appropriated for construction of the Library Project, including site
grading, landscaped parking lot, architectural design and construction support services,
geotechnical and soils testing services, construction staking, environmental consulting
services, materials testing services, construction inspection services, environmental
support services, project support services, and labor compliance services. To the extent
that excess funds exist after completion of the Library Project, the City shall remit such
funds back to the Agency. To the extent that additional Agency funds are required for
' completion of the Library Project, nothing in this resolution is intended to prohibit a
further transfer of funds upon approval of the Agency Board and City Council.
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SECTION 4. Effective Date. This Resolution shall take effect from and after its
date of passage, approval, and adoption.
SECTION 5. Certification. The Secretary shall certify to the adoption of this
Resolution.
PASSED, APPROVED AND ADOPTED this 15th day of March, 2011.
/
Lai Of F.14 I
ATTEST:
SECRETARY
DATE: ,1
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Kevin Tonoian, Acting Agency Secretary of the Redevelopment Agency of the
City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted
by the Redevelopment Agency of the City of Santa Clarita at a special meeting thereof,
held on the 15th day of March 2011, by the following vote:
AYES: AGENCY MEMBERS:
NOES: AGENCY MEMBERS:
ABSENT: AGENCY MEMBERS:
Ender, Ferry, Kellar, McLean
None
Weste
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ACT GENCYSECRETARY ,
' STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
REDEVELOPMENT AGENCY RESOLUTION
I, , Agency Secretary of the Redevelopment Agency
of the City of Santa Clarita, do hereby certify that this is a true and correct copy of the
original Resolution No. RDA 11-5, adopted by the Redevelopment Agency of the City of
Santa Clarita, California on March 15, 2011, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this _ day of
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Agency Secretary
By
Deputy Secretary