ACTION ITEM
SPONSOR: P.C. Wu, Chairperson
SUBJECT:
title
UTILIZATION OF FUNDS FROM THE SALE OF SURPLUS CRA PROPERTIES AT 120 W. GOVERNMENT ST., 9TH AVE AND ROMANA ST (HAWKSHAW) AND 216 N. “A” ST.
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RECOMMENDATION:
recommendation
That the Community Redevelopment Agency (CRA) approve the utilization of funds from the sale of surplus CRA properties at 120 West Government Street, North 9th Avenue and Romana Street (Hawkshaw) and 216 North “A” Street.
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SUMMARY:
During Fiscal Year 2018, the Community Redevelopment Agency (CRA) closed on three (3) surplus properties - 120 West Government Street, the Hawkshaw property located at North 9th Avenue and Romana Street, and 216 North “A” Street. The proceeds from the sale of the subject properties has been received and is recommended for allocation to capital improvements, maintenance and affordable housing within the Urban Core community redevelopment as follows:
Capital Improvements/Maintenance Items
|
|
Allocation |
Description |
|
Palafox Place Improvements |
$200,000 |
Paver Repairs |
|
MLK Plaza Improvements |
100,000 |
Paver Repairs, General Maintenance |
|
Baylen Promenade |
100,000 |
Promenade Repairs |
|
Seville Square Improvements |
100,000 |
Landscaping, General Maintenance |
|
Alcaniz/Romana Improvements |
50,000 |
Paver Repairs, Bench Maintenance |
|
Spring Street Improvements |
50,000 |
Landscaping |
|
Coyle Parking Lot |
50,000 |
Resurfacing/General Maintenance |
|
Sub-Total |
$650,000 |
|
Additionally, it is recommended that $300,000 from the subject property sale proceeds be utilized for the construction of a proposed multi-purpose skate park and amphitheater, to be located within the southernmost segment of the Hollice T. Williams Park. This enhancement is anticipated to support economic vibrancy in the Urban Core and Eastside Community Redevelopment Areas.
It is further recommended that the remaining balance of proceeds be used for affordable housing projects within the Urban Core.
All projects have been reviewed for consistency with and are contained in the Urban Core Community Redevelopment Plan (2010). Approved funding allocations will be included for appropriation in the Fiscal Year 2018 Carryforward which will be brought forward in November.
PRIOR ACTION:
August 7, 2017 - The Community Redevelopment Agency adopted Resolution No. 2017-8 CRA adopting a budget for the fiscal year beginning October 1, 2017.
September 11, 2017 - The CRA approved the sale of 120 West Government Street, and recommended approval to City Council.
September 14, 2017 - City Council approved the sale of 120 West Government Street.
September 20, 2017 - City Council adopted Resolution No. 17-63 adopting a final budget for the fiscal year beginning October 1, 2017.
November 6, 2017 - The CRA approved the sale of the Hawkshaw property, and recommended approval to City Council.
November 9, 2017 - City Council approved the sale of the Hawkshaw property.
December 11, 2017 - The CRA approved the sale of 216 N “A” Street, and recommended approval to City Council.
January 11, 2018 - City Council approved the sale of 216 N “A” Street.
August 6, 2018 - The Community Redevelopment Agency adopted Resolution No. 2018-01 CRA adopting a budget for the fiscal year beginning October 1, 2018.
FUNDING:
Budget: $ 684,000 Sale Proceeds from 120 W. Government St.
1,535,981 Sale Proceeds from Hawkshaw property (9th Ave/Romana)
2,916 Sale Proceeds from 216 N. “A” St.
$ 2,222,897
Actual: $ 650,000 Capital Improvements/Maintenance Items
300,000 Proposed Skate Park at Hollice T. Williams Park
1,272,897 Affordable Housing
$ 2,222,897
FINANCIAL IMPACT:
Approval will authorize the utilization of funds necessary for unfunded capital improvements and maintenance, the proposed skate park at Hollice T. Williams Park and affordable housing. Approved funding allocations will be included for appropriation within the Unencumbered Carryover Resolution.
CITY ATTORNEY REVIEW: Yes
8/24/2018
STAFF CONTACT:
M. Helen Gibson, AICP, CRA Administrator
Victoria D’Angelo, Assistant CRA Administrator
ATTACHMENTS:
1) Photos of Aging Improvements
PRESENTATION: Yes end