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Station District Predevelopment Agreements <br /> December 7, 2009 <br /> Page 3 <br /> the need to coordinate with the transit planning studies, the time frame <br /> for the end product will follow the planning effort for the 48 parcels. <br /> Accordingly, the predevelopment agreement for the Station District <br /> master development strategy calls for the parties to negotiate for up to <br /> three years on properties within the larger area (see Exhibit 2) with <br /> the provision for extension subject to Agency approval. As part of this <br /> agreement, the Developer is to spearhead community outreach efforts, and <br /> work with the Agency/City to conduct design and financial feasibility <br /> studies to determine viable options for district development and <br /> enhancement opportunities, particularly in the context of the transit <br /> plans for the area. The Station District strategy is to focus on such <br /> areas as: enhancing the neighborhood by creating a true sense of place <br /> and by providing a connection between the downtown and the growing <br /> transit corridor; creating a sustainable, walkable neighborhood with <br /> integrated transit and a mix of uses and incomes, where market rate and <br /> affordable housing are physically indistinguishable; identifying <br /> neighborhood retail/service opportunities and needed infrastructure; <br /> linking neighborhoods and businesses with public transit; enhancing <br /> public spaces and streets; and containing a viable implementation <br /> strategy, including a schedule of performance. <br /> As with the Agency-owned parcels, the developer will be advancing all <br /> third-party consultant costs (except CEQA or NEPA costs which are the <br /> responsibility of the Agency) for outreach and planning and development <br /> services. The Agency will only have the obligation to reimburse the <br /> actual third-party costs associated with the Station District area <br /> (exclusive of the 48 parcels) to a maximum of $100,000 if the Station <br /> District master development strategy is not approved by the Agency, or <br /> if the Agency fails to enter into at least one Disposition and <br /> Development Agreement for an identified development site. Thus, the <br /> <br /> Agency's total potential reimbursement to the developer cannot exceed <br /> $300,000. <br /> ENVIRONMENTAL COMPLIANCE <br /> Developer negotiations and preparation of a conceptual development plan <br /> do not constitute a project under CEQA guidelines. <br /> FISCAL IMPACT <br /> <br /> There is a potential fiscal impact of up to $300,000 associated with <br /> this action. Funds are available in the Improvement Other Than Buildings <br /> account (no. 50718830-66220). <br /> 80A-3 <br /> <br />