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Downtown Parking Garages and Wayfinding Program March 7, 2011 Page 2 COMMUNITY REDEVELOPMENT AGENCY 1. Adopt a resolution of the Community Redevelopment Agency making certain findings for the Agency to assist with the funding of the improvements to the Downtown parking garages and Third/Bush surface parking lot, and the Downtown Wayfinding Signage Program. 2. Authorize the Executive Director and the Agency Secretary to execute the attached Cooperative Agreement with the City of Santa Ana (City) in the amount of $9,455,000 subject to non-substantive changes approved by the Executive Director and Agency General Counsel. DISCUSSION In the late 1980s, the City/Agency constructed a number of parking structures to meet the growing demand for parking in the Downtown. The structures are in need of capital improvements, architectural upgrades for structural efficiency, ADA compliance, and addition of new security systems and installation of operational equipment. In 2006, the City Council awarded a contract to AECOM to perform engineering, architectural and landscaping services on an "as needed" basis. In late 2009, staff authorized AECOM to start the review and assessment of one of the Downtown garages. Based on the expanding scope of work and the need to provide improvements to all of the Downtown garages and surface lots, staff recommends that the existing contract be increased by $275,000 for a total amount not to exceed $475,000. This will provide the funding necessary to complete the design efforts for all four of the Downtown garages. Following completion of design and engineering work, contracts will be awarded for the actual construction and equipment installation. Also, in late 2009, the Agency authorized an agreement with RTKL Associates to develop a vehicular and pedestrian Wayfinding Signage program for the Downtown. This program includes the design of a signage program for the Downtown parking structures and public surface lots. Upon completion of an approved design, the City/Agency will award a contract for the manufacturing and implementation of the signage program. California State law permits Redevelopment Agencies to use tax increment revenue to pay the cost of public improvements and infrastructure constructed by other entities pursuant to certain findings made by the City Council. From time to time, the City and Agency have entered into Cooperative Agreements for the mutual benefit of the two parties and the public. By entering into the Cooperative Agreement, the Agency will pledge the proceeds from the 2011 Series A Tax Allocation Bond ($6.1 million), the remaining 2003 South Main Bond proceeds (approximately $2.45 million), and the Merged Project Area capital improvement project funds designated for the Wayfinding Signage program (approximately $600,000) and Third/Bush surface lot (approximately $300,000). The actions recommended provide an opportunity to affirm the use of bond proceeds pursuant to the official statement and budgeted capital project funds for the improvements to the Downtown garages and Third/Bush surface parking lot, and the Wayfinding Signage program. 8OA-2