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HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: !August 5, 2014 ITEM TITLE: Resolution of the City Council of the City of National City authorizing the appropriation and corresponding revenue increase of $2,150,000 for the purpose of covering expenditures related to the relocation of Public Works facilities and environmental remediation on the Westside In -fill Transit Oriented Development project site. AGENDA ITEM NO. PREPARED B'q` ;Stephen Manganiello, City Engineer DEPARTMENT: Engineering PHONE: 1(619) 336-4382 EXPLANATION: Paradise Creek Dousing Partners, L.P., a California limited partnership ("Developer') and the Community Development Commission of the City of National City ("CDC') entered into a Disposition and Development Agreement titled Transit Oriented Infill Affordable Housing and Paradise Creek Enhancement Project and dated June 21, 2011 ("DDA"). Phase I of the development consists of 109 units and the development of a community park. On December 18, 2013, the City of National City entered into a Site Infrastructure Agreement ("Agreement") with the Developer that would reimburse the City of National City up to $4,000,000 for the fees, costs and expenses incurred by the City with respect to preparation of the Site, including without limitation, costs incurred with respect to relocation of persons and improvements located at the Site. The City has received $2,000,000 in fee revenue to date and is pending receipt of the remaining $2,000,000 as required by the Agreement. Of the $4,000,000 of revenue from the Agreement, $1,000,000 was appropriated by the City Council on February 4, 2014 and $850,000 was appropriated on June 17, 2014. The appropriations made to date under the Agreement total $1,850,000 and $2,150,000 remains to be appropriated. Staff is requesting that the remaining $2,150,000 be appropriated by the City Council for the payment of site remediation and Public Works facility relocation contracts and related costs budgeted under the expenditure accounts specified below. APPROVED FINANCIAL STATEMENT: ACCOUNT NO. APPROVED: APPROVED: Revenue $2,150,000 001-06029-3648 WI-TOD Site Infrastructure Expenditure $300,000 001-409-500-598-1596 WI• TOD Site Remediation $1,850,000 001-409-500-598-1595 Public Works Facility Relocation Project FNVIRONMENTAL REVIEW: Not applicable. ORDINANCE: INTRODUCTION: FINAL ADOPTION: STAFF RECOMMENDATION: Adopt the Resolution. BOARD 1 COMMISSION RECOMMENDATION: Not applicable. ATTACHMENTS: ;Attachment No. 1 Site Infrastructure Agreement Finance MIS