HomeMy Public PortalAbout26. Resolution LSA 2015-02IN THE CITY COUNCIL OF THE CITY OF LIVERMORE ACTING IN ITS CAPACITY AS THE
LIVERMORE SUCCESSOR AGENCY
A RESOLUTION APPROVING AN AMENDMENT TO THE LONG RANGE PROPERTY
MANAGEMENT PLAN
On September 23 2013 the Livermore Successor Agency adopted Resolution No
2013 02 approving the Long Range Property Management Plan LRPMP
On September 25 2013 the Oversight Board to the Livermore Successor Agency
Oversight Board adopted Resolution No OB 012 approving the LRPMP The LRPMP was
submitted to the Department of Finance DOF on September 27 2013
Upon request of the DOF minor amendments were made to the LRPMP and approved
by the Oversight Board by Resolution Nos OB 021 and OB 029 on December 3 2014 and
June 17 2015 respectively These amended LRPMPs were submitted to the DOF after being
approved by the Oversight Board
The DOF now recommends additional amendments to the LRPMP to obtain its
approval These amendments are as follows
State that the City intends to enter into a compensation agreement with affected
taxing entities regarding properties with the designation of future development 2205
Railroad Ave APN 098 0407 029 02 and 30 S Livermore Ave APN 098 0407
013 00
2 Designate 2324 Second Street APN 097 0110 013 00 as a site for future
development a permissible purpose under Health Safety Code section 34191 5 c
and state that the City intends to enter into a compensation agreement with the
affected taxing entities
3 Designate the property on East Stanley Boulevard APN 099 0175 025 00 to a
permissible use of sale of property and state the LSA intends to distribute the
proceeds to the affected taxing entities
4 Designate the property on Arroyo Mocho APN 099 0175 026 00 to a permissible
use of sale of property and state the LSA intends to distribute the proceeds to the
affected taxing entities
The Livermore Successor Agency desires to amend the LRPMP to satisfy the DOF s
recommendations as stated herein and to help achieve final dissolution
NOW THEREFORE BE IT RESOLVED that the Livermore Successor Agency hereby
approves the amended LRPMP amended LRPMP attached hereto as Exhibit A
RESOLUTION NO LSA 2015 02
BE IT FURTHER RESOLVED that the Livermore Successor Agency affirms and
approves the transfer of former RDA properties in the Long Range Property Management Plan
for the purposes stated therein
BE IT FURTHER RESOLVED that the Livermore Successor Agency hereby authorizes
the Executive Director to make non substantive amendments to the amended LRPMP to
further the Livermore Successor Agency s intent when approving the amended LRPMP and to
execute all such documents as may be needed to complete these resolutions
On motion of Board Member Turner seconded by Board Member Woerner the
foregoing resolution was passed and adopted on December 14 2015 by the following vote
AYES Board Members Spedowfski Turner Woerner Vice Mayor Gary Mayor Marchand
NOES None
ABSENT None
ABSTAIN None
ATTEST APPROVED AS TO FORM
k 04f
Susan Neer
Board Clerk
Dated December 15 2015
Jason Alcala
Agency Counsel
2 RESOLUTION NO LSA 2015 02
EXHIBIT A
LONG RANGE PROPERTY MANAGEMENT PLAN
LIVERMORE SUCCESSOR AGENCY
INTRODUCTION
In 2011 the California legislature adopted ABx1 26 to dissolve redevelopment
agencies in California Subsequently in 2012 the legislature adopted AB 1484 to
further guide the dissolution process Collectively those two bills are referred to as
the dissolution legislation
On February 1 2012 the Redevelopment Agency of the City of Livermore former
RDA was dissolved Effective that date the Livermore Successor Agency LSA was
authorized to satisfy the former RDA s enforceable obligations and to otherwise
administer the wind down of the former RDA Also effective that date the City of
Livermore became the successor to the former RDA s housing functions and was to
receive the former RDA s housing assets
One of the key components of AB 1484 is the requirement that all successor
agencies develop a long range property management plan to address the disposition
and use of the former redevelopment agency s property This document is the Long
Range Property Management Plan for the LSA
The Long Range Property Management Plan inventories the former RDA s properties
currently held by the LSA and describes how each site was acquired the funding
used to acquire the site and the former RDA s and the City s plans for the
development and use of each site When appropriate the Long Range Property
Management Plan also includes the history of previous development proposals and
site activities These proposals are derived from goals established in the City s
Downtown Specific Plan as well as the former RDA s Five Year Plans Five Year
Plans
The Long Range Property Management Plan recognizes that the LSA s Oversight
Board has already approved the transfer of the former RDA s housing assets to the
City of Livermore as the successor to the former RDA s housing function It also
recognizes that the LSA s Oversight Board has already approved the transfer of the
former RDA s real property that was constructed and used for governmental
purposes Governmental Purpose Assets However since those properties have
already been transferred they are not subject to the Long Range Property
Management Plan and are listed here to provide context
All of the properties included in the LSA s inventory have been acquired in an effort
to redevelop and revitalize the portion of the City known as the Downtown Project
Area These efforts are derived from the goals and policies set forth in the City s
Downtown Specific Plan and the former RDA s Five Year Plans They include
EXHIBIT A
Downtown Specific Plan
Facilitate the development of a mixed use housing project and a 500 space
parking garage on the former Lucky Shopping Center site Livermore Village
Continue to promote the Downtown as a Center for the Arts
Build on the high quality stock of historic structures to set the tone for design
in the Downtown
Take every opportunity to revive the Downtown s role as a primary job center
Maximize transit opportunities for commuters to conveniently travel to
Downtown Livermore
Promote and facilitate the development of new housing opportunities within
the Downtown Project Area Increase the amount of affordable housing using
a variety of local state and federal resources
Increase the economic vitality of the Downtown
Former RDA s Five Year Plans
Acquire and assemble parcels to facilitate redevelopment
Encourage infill rehabilitation and re use development that is sensitive to
and appropriate in the surrounding area
The elimination of environmental deficiencies in the Project Area including
among others small and irregular lots and properties containing obsolete
and aged building types substandard alleys and inadequate or deteriorated
public improvements
The development of a boutique hotel to complete the Livermore Valley
Center Project
The promotion of additional art cultural and entertainment opportunities
Rehabilitation and re use of Heritage properties
Small scale projects to help eliminate blight jump start redevelopment on
a particular block or to assist with a particular project type
The provision of adequate land for parking and open space
Pedestrian improvements to enhance circulation throughout the Downtown
Project Area facilitate transit orientated development and allow residents
to easily and safely walk to transit services for transportation to work and
other activities
CATALYST PROJECTS
An important component in the future economic success and vitality of the Downtown
are the goals to develop the key catalyst sites identified in the Downtown Specific Plan
and in the former RDA s Five Year Plans
Key Catalyst projects outlined in the Downtown Specific Plan and the former RDA s
Five Year Plans include
Livermore Village Acquisition of land and development of a proposed 260
EXHIBIT A
unit high density residential development near transit with an affordable
component for families seniors and the disabled
Swenson Groth Brothers Residential Development Facilitate the private
development of the Groth Brothers site into a mixed use housing project with
up to 30 000 square feet of retail on First Street
Downtown Hotel Development of an 80 120 room boutique hotel that will
increase the economic vitality of the Downtown by encouraging visitors
from outside the area to increase their stay in the Downtown
In addition the City s development of dilapidated and underutilized properties and
preparation of these properties for redevelopment will eliminate blight caused by
incompatible land uses deteriorated buildings poor circulation and access and poor
design The former RDA s plans for the Livermore Village site additional Downtown
parking and a variety of other mixed use and housing infill projects will contribute to
the further economic recovery of the Downtown and further assist in the eliminate of
blight in the redevelopment project area
SUMMARY OF THE LSA S PROPERTY INVENTORY
On January 1 2011 the former RDA possessed thirty one 31 properties that fit into
five categories
Future Development
Sale of Property
Enforceable Obligations
Affordable Housing Sites
Governmental Purpose Assets
Following the direction provided by the dissolution legislation the LSA s Oversight
Board has approved the transfer of the housing sites along with other housing assets
to the City of Livermore as the successor to the former RDA s housing functions In
addition the LSA s Oversight Board also approved the transfer for the former RDA s
governmental purpose assets to the City of Livermore
Therefore this report is intended to address the remaining inventory of the former
RDA s property held by the LSA but for context also identifies the properties the LSA s
Oversight Board previously approved for transfer from the former RDA to the City
Properties Currently Held the by LSA and Awaiting Disposition
1 Future Development
1 1 2205 Railroad Ave APN 098 0407 029 02
1 2 30 S Livermore Ave APN 098 0407 013 00
2 Future Development
2 1 2324 Second Street
3 Housing Assets
3 1 Railroad Avenue
3 2 29 S Livermore Avenue
3 3 43 S Livermore Avenue
4 Sale of Property
4 1 East Stanley Boulevard
4 2 Arroyo Mocho
EXHIBIT A
APN 097 0110 013 00
APN 098 0289 018 00
APN 098 0289 019 00
APN 097 0001 032 00
APN 099 0175 025 00
APN 099 0175 026 00
Properties Previously Approved for Transfer to the City by the Oversight Board
A Housing Assets
A 1 2093 Railroad Ave and 22 South L St APN 098 0289 021 00
A 2 2047 First Street APN 097 0013 009 00
A 3 2121 Railroad Avenue APN 098 0289 020 00
AA 2139 Railroad Avenue APN 098 0289 002 01
A 5 1635 Chestnut Street APN 098 0290 006 07
B 6 2350 2418 Railroad Ave
APN 098 0290 011 01
A 6 241 North M Street APN 098 0250 001 03
A 7 242 North N Street APN 098 0250 002 04
A 8 318 S Livermore Ave APN 097 0108 018 00
B Governmental Purpose
B 1 62 90 South L Street APN 097 0001 026 01
B 2 50 South L Street APN 097 0001 026 02
B 3 2056 2068 First Street APN 097 0001 036 00
B 4 2450 First Street APN 098 0407 026 00
B 5 Railroad Avenue APN 098 0407 030 02
B 6 2350 2418 Railroad Ave APN 098 0260 018 03
APN 098 0260 018 04
APN 098 0260 017 02
B 7 159 North I Street APN 098 0280 001 02
APN 098 0280 002 01
APN 098 0280 002 02
B 8 2216 Railroad Avenue APN 098 0280 008 03
APN 098 0280 008 08
B 9 2164 Second Street APN 097 0014 003 04
B 10 2890 Fourth Street APN 097 0152 003 00
4
EXHIBIT A
USE OF REMAINING REDEVELOPMENT AGENCY BOND PROCEEDS
a Bireley Site Acquisition
b Predevelopment Funding for the L Street Parking Structure
c Thoroughfare Site Acquisition
d Mills Square Park Renovation
e First Street Infrastructure Improvements
ALLOCATION OF PROCEEDS FROM DISPOSITION OF PROPERTIES
At such time that properties currently held by the Livermore Successor Agency are to be
disposed of and there are proceeds from the disposal the Alameda County Auditor
Controller will allocate the proceeds to Affected Taxing Entities The LSA has contacted
the Alameda County Auditor Controller to discuss this The plan in place is that the
Affected Taxing Entities will be paid using the same allocations derived from the
AB1389 process that the former Redevelopment Agency used for prior pass through
payments Per the statute the County Auditor Controller will distribute any proceeds
received Below are the allocations for the Affected Taxing Entities
Fund No Taxing Entity Wt Avg Share
1005 COUNTY GENERAL FUND 24 1409504
3003 CHABOTLAS POSITAS COLLEGE 2 7382134
3032 LIVERMORE VALLEY UNIFIED 21 5264712
4006 CO SUPT TMR EC 1887 0 1125463
4007 CO SUPT PH EC 1856 0 4191440
4008 CO SUPT TMR PH CAP 0 0093505
4009 CO SUPT TMR PH TUIT 0 0566570
4010 CO SUPT INST PUPILS 0 1797689
4011 CO SUPT JUV HALL ED 0 0371997
4012 CO SUPT SERVICE 0 1117300
4013 CO SUPT CAPITAL 0 0860807
4015 CO SUPT DEV CENTER 0 1045046
4020 CO SUPT AUDIO VIS CAP 0 0223967
7070 FLOOD CONTROL 0 1561717
7106 FLOOD CONTROL ZONE 7 1 6196692
7115 B A AIR QUALITY MGMT 0 2269292
7135 MOSQUITO ABATEMENT 0 1087920
7165 BART 0 6664501
7175 LARPD 7 7493014
7375 ALA CO RES CONSV 0 0050970
9070 CITY OF LIVERMORE 17 5584085
9892 ERAF 22 3641673
Total 100 0000000
EXHIBIT A
PROPERTIES CURRENTLY HELD THE BY LSA AND AWAITING DISPOSITION
1 FUTURE DEVELOPMENT
1 1 2205 Railroad Avenue future Hotel site parcel 1 SpeeDee Oil Change
and Auto Service APN 098 0407 029 02
Property History Description This 47 535 square foot site was purchased with Tax
Allocation Bond TAB proceeds for 2 115 000 in 2002 as one of an assemblage of
parcels acquired for the development of a Downtown boutique hotel The
development of a hotel is a critical economic development component proposed for
the Downtown as outlined in the Downtown Specific Plan as well as in the former
RDA s Five Year Plans which state as a goal to Complete the Livermore Valley
Center catalyst site through the development of a boutique hotel at the southeast
corner of South Livermore Avenue and Railroad Avenue The economic
enhancement provided by such a development will increase the economic vitality of
the Downtown Project Area and thus increase property values throughout the region
In 2011 the City identified an experienced and financially capable hotel developer who
has proposed for the site a premium hotel with ground floor restaurants conference
space and a day spa In order to make the project work financially the developer
requested that the land for the site be provided at no cost The project has been put on
hold pending the results of the disposition of the property through the former RDA
dissolution process The site contains a 20 year old commercial building occupied by
an oil change business SpeeDee Oil Change and Auto Service which leases the site
from the LSA for 8 250 per month Ongoing property management expenses are
400 per month Because of the nature of the business and the length of time it has
been in operation the site is considered to be a Brownfield As outlined in the City s
Downtown Specific Plan and in the former RDA s Five Year Plans the hotel
development is seen as a crucial catalyst project that will increase the economic vitality
of the Downtown and former Redevelopment Area
Also on this and two adjoining sites one previously owned by the former RDA and the
other continuously owned by the City and never possessed by the former RDA is an
improved parking lot with 43 of the 61 total spaces falling within the boundaries of this
site The parking lot is leased for a dollar per year to the owner of the adjacent
retail office center
Original Purchase Price Est Current Value No estimate has been done on the value
of the business or the potential cost if any of any brownfield remediation When
considering the value of the land versus what the site could sell for the City and the
LSA must take into account the restriction placed on sales price for properties
purchased with Tax Allocation Bond proceeds The current cap on sale proceeds may
prevent the land from being sold in a way that provides proceeds and may instead be
required to be provided at no cost as part of the development of the project The site is
also zoned exclusively for hotel uses with the existing use being nonconforming which
further restricts the potential resale value of the site
6
EXHIBIT A
Board Approvals The site is currently held in the name of the LSA therefore there
have been no approvals by the LSA s Oversight Board
Development Goals The goal for this site under the Long Range Property
Management Plan is to transfer the site from the LSA to the City where it can be
combined with the City owned site APN 098 0407 029 02 and the site at 30 South
Livermore Avenue see Item 1 2 and allow the site to be developed into a boutique
hotel
Proposed Disposition The site will be transferred from the LSA to the City whereby it
will be combined with the adjacent sites for use in the development of a boutique hotel
per the City s Downtown Specific Plan and the former RDA s Five Year Plans and the
City intends to enter into a compensation agreement with each of the Affected Taxing
Entities ATE See Exhibit 1 1 for back up documents
Ill
a RAILROAD AVEmxi4
EXHIBIT A
1 2 30 South Livermore Avenue future Hotel site parcel
2 APN 098 0407 013 00
Property History Description Owned by the LSA this 4 443 square foot parcel adjoins
the previously described site and consists entirely of the improved parking lot which is
leased for a dollar per year to the owner of the adjacent retail office center Current
zoning for the site is the Downtown Specific Plan Core Area within a Sub area which
allows only for the development of the site into hotel and hotel type uses
Per the City s Downtown Specific Plan and the former RDA s Five Year Plans the
development goal for the site is to combine it with the adjacent City owned parcel at
2205 Railroad Avenue APN 098 0407 029 02 and the adjoining City owned site
APN 098 0289 013 11 in order to develop an 80 120 room boutique hotel The
development of a hotel in the Downtown is included in the former RDA s Five Year
Plans as Complete the Livermore Valley Center catalyst site through the
development of a boutique hotel at the southeast corner of South Livermore Avenue
and Railroad Avenue
As stated above the City identified and an entered into an exclusive rights to negotiate
agreement with an experienced financially capable hotel developer who proposed the
building of a premium hotel with ground floor restaurants conference space and a day
spa In order to make the project work financially the developer requested that the land
for the site be provided at no cost The project has been put on hold pending the
results of the disposition of the property through the former RDA dissolution process
Original Purchase Price Est Current Value This parcel was purchased in June 2005
for 485 000 When considering the value of the land versus what the site could sell
for the City and the LSA must take into account the restriction placed on sales price
for properties purchased with Tax Allocation Bond proceeds The current cap on sale
proceeds may prevent the land from being sold in a way that provides proceeds and
may instead be required to be provided at no cost as part of the development of the
project
Board Approvals The site is currently held in the name of the LSA therefore there
have been no approvals by the LSA s Oversight Board
Development Goals The goal for this site under the Long Range Property
Management Plan is to transfer the site from the LSA to the City where it can be
combined with the City owned site APN 098 0289 013 11 and the site at 2205
Railroad Avenue see Item 1 1 and allow the site to be developed into a boutique
hotel
EXHIBIT A
Proposed Disposition The site will be transferred from the LSA to the City whereby it
will be combined with the adjacent sites for use in the development of a boutique hotel
per the City s Downtown Specific Plan and the former RDA s Five Year Plans and the
City intends to enter into a compensation agreement with each of the Affected Taxing
Entities ATE See Exhibit 1 2 for back up
VJ
i
VJ
EXHIBIT A
2 Future Development
2 1 2324 Second Street former SBC building site APN 097 0110 013 00
Property History Description This site consists of a 4 130 square foot building with a
3 140 square foot basement situated on a 12 662 square foot parcel Built in 1922 the
building was the location of the former AT T Switching Station and is listed by the City
as a site of historic significance The site was purchased on December 7 2004 for
780 000 using City Certificates of Participation COPS non redevelopment funds
provided by the City These funds will need to be repaid to the City if the building is sold
In August 2011 the City and former RDA issued a Request for Proposals RFP in order
to seek out an economically feasible adaptive reuse of this historic site Several
proposals were received and the former RDA and the City selected a developer Mike
Messinger who agreed to purchase the site for the appraised value of 450 000 and
renovate and convert the building to a restaurant use The project is currently on hold
until final resolution of the disposition of the property has been determined The
development of this site supports the stated goals of the former RDA s Five Year Plans
that includes rehabilitation of structures and improvements by present owners their
successors and the Agency and the goal of the Downtown Specific Plan to build on
the high quality stock of historic structures to set the tone for design in the Downtown
Original Purchase Price Est Current Value The site was purchased in December 2004
for 780 000 using Certificates of Participation Funds from the City and as such
ownership was held in trust for the City by the former RDA until a developer could be
identified In August 2011 the former RDA and the City selected a developer who
agreed to purchase the site for 450 000 The agreed upon price reflects the current
market value of the building
In its letter dated August 31 2012 the DOF confirmed that the property was purchased
using City Certificates of Participation Funds and should not have been listed with
former Redevelopment Agency Assets
Board Approvals The transfer of the property from the former RDA to the City as an
asset held in trust for the City by the former RDA was confirmed by the LSA s Oversight
Board on May 16 2012 The LSA s Oversight Board then reconfirmed the transfer on
October 17 2012 and again reconfirmed it on June 5 2013
Development Goals When developed as planned the building will become a viable
commercial restaurant use that would generate sales and property taxes The City
intends to enter into a compensation agreement with each of the Affected Tax Entities
ATE however the City s 780 000 Certificates of Participation would s t i l l n e e d
t o be repaid Because the building is now worth less than when it was purchased in
2007 780 000 there would be no funds remaining for disbursement once this
obligation is met
Proposed Disposition Under the LRPMP the site will be transferred from the LSA to the
10
EXHIBIT A
City Upon transfer the site will be sold to the selected developer at the agreed to price
and developed for restaurant use Any proceeds derived from the sale will be used to
repay the City s Certificates of Participation See Exhibit 2 1 for back up documents
11
EXHIBIT A
3 HOUSING ASSETS FORMERLY ENFORCEABLE OBLIGATIONS
3 1 High Density Mixed Income Housing Development Former
Regional Performing Arts Theater Railroad Ave Livermore
APN 098 0289 018 00
Property History Description In 2004 the City and the former RDA entered into a
Disposition and Development Agreement with the Livermore Valley Performing Arts
Center a 501 C 3 nonprofit organization to develop the site into a 2 000 seat Regional
performing arts theater The DDA was amended to develop the Theater on this site in
May 2009 and in December 2009 and on February 14 2011 2011 DDA Because of
the RDA dissolution process the project was unable to obtain the Bond financing
needed and the project will not move forward
Consequently the DOF executed a settlement agreement that removed the DDAs from
the enforceable obligation payment schedule and replaced it with the settlement amount
The Settlement Agreement was approved by the City Council in Capacity as the
Livermore Successor Agency on October 6 2014 Resolution number LSA 2014 01
The termination of the Regional Theater DDA was approved by City Council on
November 24 2014 Resolution number 2014 196 and by the LSA November 24 2014
resolution number LSA 2014 04 The Oversight Board approved the settlement
agreement on October 1 2014 resolution number OB 018 and approved the termination
of the Regional theater DDA on December 3 2014 Resolution number OB 19 and then
again on February 18 2015 resolution number OB 24 The result is that the Regional
Theater sites will not be developed as enforceable obligations and should instead be
transferred as Housing Assets from the LSA to the City as the former RDA s housing
successor
The site was originally part of the 5 5 acre Livermore Village site APN 098 0289 021 00
that was acquired by the RDA for the development of a high density mixed income
affordable housing project using local housing trust funds provided by the City In 2009
approximately 1 5 acres of the eastern portion of the site was made into a separate
parcel designated for the proposed 2 000 seat Regional Theater The City and the
former RDA issued two Requests for Proposals for the remaining 3 5 acres of land for
the development of a high density residential project Because of market conditions the
City did not move forward on any of the proposals received Since the development of
the theater will not move forward the site will be recombined with the 3 5 acre parcel and
return to its original purpose and be developed into a high density mixed income housing
development
Original Purchase Price Est Current Value The former RDA purchased the entire 5
acre Lucky s site for approximately 10 100 000 in 2008 using local housing trust funds
In 2010 a Parcel Map divided the site and created the Livermore Village parcel theater
parcel and plaza parcel Current book value of all three parcels is 9 203 148 65 The
former theater site parcel is approximately one acre in size giving it an estimated
prorated book value of 1 840 630
12
EXHIBIT A
Board Approvals The LSA s Oversight Board approved the transfer of this property to the
City as a high density residential development site along with the approval of the Long
Range Property Management Plan at its December 13 2014 meeting
Development Goals The Long Range Property Management Plan goal for this site is for it
to be developed into a mixed income high density residential project
Proposed Disposition Under the dissolution legislation all properties purchased by the
former RDA for use in the development of affordable housing shall remain with the
identified housing successor agency in order to be developed into affordable housing
Because this property was originally acquired using local housing trust funds provided
by the City this property is a Housing Asset and should be transferred to the City as the
Housing Successor Agency for development of affordable housing as originally
proposed at the time of acquisition This site did not receive funding from the former
RDA housing set aside funds Per the Long Range Property Management Plan goals
and the goals established for the downtown under the Downtown Specific Plan and the
RDA 5 Year Plan the site will be transferred to the City where by it will be combined
with the adjacent sites for use in the development of a high density mixed income
residential project See Exhibit 3 1 for back up documents
13
EXHIBIT A
3 2 High Density Mixed Income Housing Development 29 S Livermore Ave Former
Plaza APN 098 0289 019 00
Property History Description This approximately 5 acre RDA owned site was the
location for the proposed Regional Theater Plaza to be built in conjunction with the
2 000 seat Regional Theater to be located on the parcel adjacent to this site Because of
the RDA dissolution process the project has been was unable to obtain the Bond
financing needed and the project will not move forward Consequently the DOF
executed a settlement agreement that removed the DDAs from the enforceable
obligation payment schedule and replaced it with the settlement amount The
Settlement Agreement was approved by the City Council in Capacity as the Livermore
Successor Agency on October 6 2014 Resolution number LSA 2014 01 The
termination of the Regional Theater DDA was approved by City Council on November
24 2014 Resolution number 2014 196 and by the LSA November 24 2014 resolution
number LSA 2014 04 The Oversight Board approved the settlement agreement on
October 1 2014 resolution number OB 018 and approved the termination of the
Regional theater DDA on December 3 2014 Resolution number OB 19 and then again
on February 18 2015 resolution number OB 24 The result is that the Regional Theater
plaza site will not be developed as an enforceable obligation and shall instead be
transferred as a Housing Asset from the LSA to the City as the former RDA s housing
successor
The 5 acre plaza site was originally part of the 5 5 acre Livermore Village site APN 098
0289 021 00 that was acquired by the RDA for the development of a high density mixed
income affordable housing project using local housing trust funds provided by the City
In 2009 approximately 1 5 acres of the eastern portion of the site was made into a
separate parcel designated for the proposed 2 000 seat Regional Theater and plaza
With the demise of the Regional Theater project the site will no longer be used for a
plaza for a Regional Theater The site will now revert back to its original purpose and be
combined with the adjacent Livermore Village Parcel to be developed into a high density
mixed income residential project
Original Purchase Price Est Current Value The former RDA purchased the entire 5
acre Lucky s site for approximately 10 100 000 in 2008 using local housing trust funds
provided by the City In 2010 a Parcel Map divided the site and created the Livermore
Village parcel theater parcel and plaza parcel Current book value of all three parcels is
9 203 148 65 The former plaza site parcel is approximately one half acre in size giving
it an estimated prorated book value of 920 315
Board Approvals The LSA s Oversight Board approved the disposition of the site as a
high density residential development along with the approval of the Long Range
Property Management Plan at its December 3 2014 meeting
Development Goals The Long Range Property Management Plan goal for this site is
for the site to be recombined with the Livermore Village site and revert back to its
original purpose of development into a mixed use high density residential project
14
EXHIBIT A
Proposed Disposition Under the dissolution legislation all properties purchased by the
former RDA for use in the development of affordable housing shall remain with the
identified housing successor agency in order to be developed into affordable housing
Because this property was originally acquired using local housing trust funds provided
by the City this property is a Housing Asset and should be transferred to the City as
the Housing Successor Agency for development of affordable housing as originally
proposed at the time of acquisition This site did not receive funding from the former
RDA housing set aside funds Per the Long Range Property Management Plan goals
and the goals established for the downtown under the Downtown Specific Plan and the
RDA 5 Year Plan the site will be transferred to the City whereby it will be combined
with the adjacent sites for use in the development of a high density mixed income
residential project See Exhibit 3 2 for back up documents
3 3 43 Livermore Avenue APN 097 0001 032 00
This driveway parcel was originally not included in the Long Range Property
Management Plan as it was a property that was to be combined with the property
located at 2093 Railroad Avenue APN 098 0289 021 00 as a housing asset used as a
street to serve the Livermore Village Site A Lot Line Adjustment LLA 10 001
Certificate of Compliance was recorded June 30 2010 Series 2010183153 It
essentially certifies that the merger of the access strip into the remainder parcel by
removal of lot lines is in compliance with the Map Act and local zoning ordinance
Upon recordation of the LLA 10 001 a Grant Deed must be recorded in order to deed
or merge this access strip into the larger remainder parcel The Grant Deed has not
been completed yet The LSA will complete the transfer to the City so that the property
can be used as originally planned This property also is classified as governmental
purpose as it is to be dedicated to the City as a road for access to the housing project
on the Livermore Village Site
f
y
y
15
EXHIBIT A
16
EXHIBIT A
4 Sale of Property
4 1 East Stanley Boulevard vacant lot APN 099 0175 025 00
Property History Description This remnant parcel was part of a former proposed BART
site jointly purchased by the City and the former RDA in December 2001 The entire 10 5
acre parcel was purchased for 699 135 In 2001 the site was divided into separate
parcels two of which were developed into the Heritage Estates Affordable Senior
Housing Project along with two remainder parcels This first remainder parcel is
approximately 26 476 square feet in size and is vacant and undeveloped The site is a
long triangular shape parcel zoned for commercial development The site is land locked
with railroad tracks to the north and a privately owned parcel to the south making access
onto Stanley Blvd difficult It also lies within the setback area of the Arroyo
Mocho Because of its proximity to the Railroad tracks residential uses have been
ruled out as economically infeasible Over the last ten years proposals have been
made by several developers to combine the site with an adjacent privately owned parcel
and develop the site into either an automotive or restaurant use Despite the former
RDA s willingness to provide these parcels at little or no cost the proposed projects did
not move forward and the site remains undeveloped
Original Purchase Price Est Current Value This parcel is an undeveloped remainder
parcel No appraisals have been conducted on this site
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose was confirmed by the LSA s Oversight Board on June 6 2012
The LSA s Oversight Board then reconfirmed the transfer on October 17 2012
Development Goals The goal of the site under the Long Range Property Management
Plan is to sell the property through the dissolution process When sold the LSA intends
to distribute the proceeds to the Affected Tax Entities ATE to allocate sales proceeds
based on percentages derived from the Alameda County Tax Assessors and outlined in
the LRPMP See Exhibit B 10 for back up documents
17
EXHIBIT A
4 2 Arroyo Mocho vacant lot APN 099 0175 026 00
Property History Description The second of two remainder parcels left over from the
development of the former BART site see above into the Heritage Estates Senior
Housing development this 20 133 square foot site borders Standard Pacific Railroad
tracks to the north and is divided north to south by the Arroyo Mocho Creek Because it
is directly on the Arroyo Mocho and due to the location of the railroad tracks
development of this site by itself would be very difficult
Original Purchase Price Est Current Value This parcel is an undeveloped remainder
parcel No appraisals have been conducted on this site
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used for possible public open space was confirmed by the
LSA s Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed
the transfer on October 17 2012
Development Goals The goal of the site under the Long Range Property Management
Plan is to sell the property through the dissolution process When sold the LSA intends
to distribute the proceeds to the Affected Tax Entities ATE to allocate sales proceeds
based on percentages derived from the Alameda County Tax Assessors and outlined in
the LRPMP See Exhibit B 11 for back up documents
18
hS
EXHIBIT A
PROPERTIES TRANSFERRED AND APPROVED BY THE OVERSIGHT BOARD
A Housing Assets
Affordable Housing Sites
Under the dissolution legislation all properties purchased by the former RDA for use in
the development of affordable housing shall remain with the identified housing successor
agency in order to be developed into affordable housing On February 2012 the
Livermore City Council voted to be named the LSA for the former RDA
In its letter to the City dated August 31 2012 the DOF determined that as housing sites
these properties would remain as property of the City when it approved the Housing
Asset Transfer Report See Exhibit A for a copy of the letter
Each of the following seven Affordable Housing sites properties were acquired using City
funds either Housing In Lieu funds or State funds loaned to the City for the purpose of
developing affordable housing Housing In Lieu funds are a local source of money
obtained through development fees received from the City s Inclusionary housing
program exclusively for use in the development of affordable housing None of the
following seven Affordable Housing sites received funding from the former RDA housing
set aside No redevelopment funds have been used for these projects
Affordable Housing Site Debt Obligations
If each of the housing sites is developed as planned into affordable housing projects
there would be no additional fiscal impacts to the City or the Taxing Entities other than
potential City housing subsidies that may be needed to ensure affordability If the sites
were to be sold as part of the dissolution process then the City and State resources
used to acquire the sites would need to be repaid Since these sites were acquired prior
to the drop in land prices staff believes there would be no funds remaining for
disbursement to the taxing entities once the acquisition loans were repaid
A 1 2093 Railroad Avenue and 20 22 South L Street Livermore Village site
APN 098 0289 021 00
Property History Description This 5 5 acre site located in the heart of the Downtown on
the former Lucky Shopping Center site was purchased in 2008 for approximately
10 100 000 for the development of a mixed income high density owner occupied
housing project with an affordable component
In 2006 the City former RDA and Anderson Pacific entered into a Loan Agreement and
Development Agreement to acquire and develop the former Lucky Shopping Center site
into a 260 unit high density residential housing project that was in keeping with the goals
of the Downtown Specific Plan Anderson Pacific purchased the site from a private owner
in 2006 and obtained entitlements to develop the site With the collapse of the real
estate market the project was no longer financially feasible and Anderson was not able
19
EXHIBIT A
to move forward with the development In 2008 Anderson Pacific sold the site to the
former RDA for approximately 10 100 000 To assist with acquiring the site the City
obtained a 5 000 000 loan from the State Residential Development Loan Program
RDLP and provided an additional 5 000 000 in local affordable housing trust funds
non RDA to complete the acquisition Both these sources of funds restrict the use of
the site to a residential development with an affordable component The RDLP loan
funds must be repaid to the State by January 2014 The current value of the site is
estimated to be less than 5 000 000
In 2010 approximately 1 5 acres of the eastern portion of the site was made into a
separate parcel designated for the proposed 2 000 seat Regional Theater The City and
the former RDA issued two Requests for Proposals for the remaining 3 5 acres of land
for the development of a high density residential project Several development
proposals were received from private for profit developers wishing to develop the site
into high density residential units The proposals valued the land at between 0 to
2 000 000 Because of market conditions the City did not move forward on any of
these proposals
The development of this site into a high density residential project is a top priority of the
City s Downtown Specific Plan and the former RDA s Five Year Plans
The Downtown Specific Plan not only recognizes this project as a key catalyst for the
Downtown but also outlines the essential benefits derived from its development which
includes increased sales and property taxes for the area derived from additional
residences and workers in the Downtown Due to the major downturn in the housing
market the site has not been able to be redeveloped as planned into a high density
transit oriented residential development to date
Original Purchase Price Est Current Value The former RDA purchased the entire five
acre Lucky s site for approximately 10 100 000 in 2008 using City affordable housing
funds In 2010 a Parcel Map divided the site and created the Livermore Village parcel
theater parcel and plaza parcel Current book value of all three parcels is 9 203 148 65
The site is approximately 3 5 acres in size giving it an estimated prorated book value of
6 442 204
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used for affordable housing was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013
Development Goals The goal for the site under the Long Range Property Management
Plan is to continue to develop it as a high density residential project with an affordable
component and repay the 5 000 000 State RDLP loan See Exhibit A 1 for back up
documents
20
EXHIBIT A
1
RA OAp AVE
1 FIRST ST
I F
SECOND ST
EXHIBIT A
A 2 2047 First Street former Greiner parcel APN 097 0013 009 00
Property History Description Purchased in September 2005 the City advanced 440 000
in funds through CalHFA s HELP loan program for the acquisition of this 2 500 square foot
vacant lot in order to develop a mixed use affordable housing project for very low income
households with disabilities The outstanding State HELP loan is due September 2014
Prior to its acquisition the site remained a vacant and blighted eyesore with no plans by the
owner to redevelop the site The site is zoned Downtown Specific Plan District Core Area
which allows for the development of mixed use residential commercial property
The City has entered into an Exclusive Negotiating Rights Agreement with Eden
Housing a nonprofit housing developer to develop own and manage the site Eden
has proposed to develop the site into a mixed use housing development consisting of
five residential rental units affordable to very low income households with disabilities
This proposal is in keeping with the goals of the Downtown Specific Plan to expand the
amount of affordable housing in the area and is in keeping with the appropriate use of
the City s affordable housing funds that were used to acquire the site
Original Purchase Price Est Current Value This parcel was purchased in September
2005 for 440 000 Although no appraisals have been conducted it is estimated that the
value of land in the downtown has declined by approximately 25 in the last 5 years
Board Approvals The transfer of the property from the former RDA to the City as an
affordable housing asset to be used for affordable housing purposes was confirmed by
the LSA s Oversight Board on May 16 2012 The LSA s Oversight Board then
reconfirmed the transfer on October 17 2012 and again reconfirmed it on June 5
2013
Development Goals The goal for this site under the Long Range Property
Management Plan is to continue with the City s and former RDA s goal to develop the
site into affordable rental housing Preliminary plans have been developed and the
developer was prepared to take the project through its entitlement process when the
project was put on hold until final resolution of the former RDA dissolution process The
site is ready to be taken through its entitlement process once property dissolution has
finally been determined See Exhibit A 2 for back up documents
ifi0 I
6
22
U 1111101111101k
11 11I IN1 1 1
111NN
AVE
EXHIBIT A
A 3 2121 Railroad Avenue former Harris parcel APN 098 0289 020 00
Property History Description The site is composed of a 1 551 square foot vacant
blighted uninhabitable building situated on a 3 715 square foot parcel The property
was acquired in May 2009 through an advance of the City s Housing Trust Fund to the
former RDA Per the City s Downtown Specific Plan the site is zoned for residential
uses In February 2010 the City entered into an Exclusive Negotiating Rights
Agreement with Eden Housing a nonprofit housing developer to develop this site and
the site adjacent to it on 2139 Railroad Avenue into an affordable housing project This
project was subsequently funded through the State s Local Housing Trust Fund Grant
program awarded to the City for the development of new affordable units
Original Purchase Price Est Current Value This site was purchased in May 2009 for
740 000 Although no appraisals have been conducted it is estimated that the value of
land in the downtown has declined by approximately 25 in the last 5 years
Board Approvals The transfer of the property from the former RDA to the City as an
affordable housing asset to be used for affordable housing purposes was confirmed by
the LSA s Oversight Board on May 16 2012 The LSA s Oversight Board then
reconfirmed the transfer on October 17 2012 and again reconfirmed it on June 5
2013
Development Goals In keeping with the appropriate use of the City s affordable
housing funds that were used to acquire the site and the Downtown Specific Plan goal
to expand the amount of affordable housing in the area the Long Range Property
Management Plan for this site is to continue with the City and former RDA initiated
development as an affordable mixed use housing project See Exhibit A 3 for back up
documents
23
o
7j
EXHIBIT A
A 4 2139 Railroad Avenue former Kibler parcel APN 098 0289 002 01
Property History Description The site is composed of a 3 983 square foot vacant
blighted building on a 7 902 square foot parcel property which was acquired in May
2009 through an advance of the City s Housing Trust Fund to the former RDA City
Housing Trust funds can only be used for the development of affordable housing Per
the City s Downtown Specific Plan the site is zoned for residential uses In February
2010 the City entered into an Exclusive Negotiating Rights Agreement with Eden
Housing a nonprofit housing developer to develop this site and the adjacent site at
2121 Railroad Avenue into an affordable senior housing project
Original Purchase Price Est Current Value This site was purchase in May 2009 for
1 364 763 Although no appraisals have been conducted it is estimated that the value of
land in the downtown has declined by approximately 25 in the last 5 years
Board Approvals The transfer of the property from the former RDA to the City as an
affordable housing asset to be used for affordable housing purposes was confirmed by
the LSA s Oversight Board on May 16 2012 The LSA s Oversight Board then
reconfirmed the transfer on October 17 2012 and again reconfirmed it on June 5
2013
Development Goals Per the goals of the Downtown Specific Plan to expand the
amount of affordable housing in the area and in keeping with the appropriate use of the
City s affordable housing funds that were used to acquire the site the goal for this site
under the Long Range Property Management Plan is to continue with the City and
former RDA plans to develop the site into affordable rental housing See Exhibit AA for
back up documents
25
EXHIBIT A
A 5 1635 Chestnut Street former Antrim Shopping Center APN 098 0290 006 07
and 098 0290 011 01
Property History Description These parcels 91 282 square feet and 15 483 square
feet respectively consist of a mostly vacant blighted neighborhood shopping center
and were purchased in July 2010 using 2 500 000 of City Housing Trust Funds with the
purpose of developing the site into a mixed ownership rental market rate and affordable
housing project A Request for Qualifications to develop the site was distributed in
January 2010 and MidPeninsula Development MidPen a nonprofit housing developer
was selected and engaged through an Exclusive Negotiating Rights Agreement
MidPen proposes to develop the site into a multi phase affordable multifamily rental
community and proposes to partner with Pulte Homes to develop a market rate
ownership component
Original Purchase Price Est Current Value Purchased in July 2010 for 2 500 000
although no appraisals have been conducted since then
Board Approvals The transfer of the properties from the former RDA to the City as an
affordable housing asset to be used for affordable housing purposes was confirmed by
the LSA s Oversight Board on May 16 2012 The LSA s Oversight Board then
reconfirmed the transfer on October 17 2012 and again reconfirmed it on June 5
2013
Development of the site by Mid Penn satisfies the goal of the Downtown Specific Plan to
expand the amount of affordable housing in the area and is in keeping with the
appropriate use of the City s affordable housing funds that were used to acquire the site
Development Goals The goal for this site under the Long Range Property Management
Plan is to continue with the City s and former RDA s plans to develop the site into
affordable rental housing This is in keeping with the goals of the Downtown Specific
Plan to expand the amount of affordable housing in the area and is in keeping with the
appropriate use of the City s affordable housing funds that were used to acquire the site
See Exhibit A 5 for back up documents
26
z i z z
o z
fiJiESINUTST
gym W
EXHIBIT A
A 6 241 North M Street D M Auto Machine Shop APN 098 0250 001 03
Property History Description This site is composed of a 3 300 square foot building on a
15 000 square foot lot The parcel was purchased by the former RDA on June 6 2008
using 400 000 in State CalHFA HELP funds loaned to the former RDA by the City for
the acquisition No RDA funds were used in the purchase The site is currently used as
a machine shop specializing in custom auto parts The shop owner has a long term
lease for the site that expires in March 2019 Under the terms of the lease the tenant is
required to pay approximately 340 per month Maintenance costs to the City for the
site are approximately 250 per month and include landscaping lighting and parking lot
maintenance Because of the nature of the business the length of operation and the
chemicals oils used by the business the property is considered a Brownfields site with
an undetermined clean up liability
Original Purchase Price Est Current Value Purchased in June 2008 for 400 000 the
sites below market lease payment the potential for Brownfield mitigation and the
decline in downtown property values make it difficult to estimate a value for the
property No appraisals have been conducted
Board Approvals The transfer of the property from the former RDA to the City as an
affordable housing asset to be used for affordable housing purposes was confirmed by
the LSA s Oversight Board on May 16 2012 The LSA s Oversight Board then
reconfirmed the transfer on October 17 2012 and again reconfirmed it on June 5
2013
Development Goals Under the Long Range Property Management Plan and in
accordance with the goals of the Downtown Specific Plan to expand the amount of
affordable housing in the area and in keeping with the appropriate use of the City s
affordable housing funds that were used to acquire the site it should continue to be
used for the development of an affordable housing project See Exhibit A 6 for back up
documents
27
Z Z z
D Z 3
I NI
P m9JUSTNUT SaT
EXHIBIT A
A 7 242 North N Street former DMV site APN 098 0250 002 04
Property History Description This 12 932 square foot vacant site was acquired along
with the Chestnut Antrim Parcel at 1635 Chestnut Ave as part of an assemblage of sites
for use in the development of affordable housing The site was acquired through a Low
Income Housing Agreement between the City and Arroyo Crossing Inc a residential
developer in order to satisfy the inclusionary housing requirement for a large residential
project The lot will be assembled with adjacent City owned parcels to develop a
multifamily rental project affordable to families seniors and the disabled No former
RDA funds were used in the site s acquisition
Original Purchase Price Est Current Value This parcel was purchased in 2010 as part
of the former land owner s obligation to satisfy the City s Inclusionary Housing Ordinance
No appraisals of the property have been conducted
Board Approvals The transfer of the property from the former RDA to the City as an
affordable housing asset to be used for affordable housing purposes was confirmed by
the LSA s Oversight Board on May 16 2012 The LSA s Oversight Board then
reconfirmed the transfer on October 17 2012 and again reconfirmed it on June 5
2013
Development Goals The goal for the site under the Long Range Property Management
Plan is to combine this parcel with 241 North M street for use in the development of a
high density affordable housing project serving very low income households with
disabilities This goal is in keeping with the goals of the Downtown Specific Plan to
expand the amount of affordable housing in the area as well as to meet the goals of the
City s Inclusionary Housing Program for which this site was obtained See Exhibit A 7
for back up documents
28
PARK ST
2 Z
Z Z
V O
Z
Odl ItF
0
i
CHE5T4WriT
EXHIBIT A
A 8 318 South Livermore Avenue 112 Savannah Terrace Affordable housing
unit for persons with disabilities APN 097 0108 018 00
Property History Description Savannah Terrace is a former Brownfield project acquired
and entitled by the former RDA and then purchased by Real Freedom Inc who
developed the site into an eight unit townhouse project As part of its agreement with the
City and the former RDA the developer was required to offer two of the units at an
affordable price to very low income developmentally disabled persons In order to
make the financing work for this project the City provided below market mortgages The
former RDA received the property on December 31 2008 entered into a purchase
agreement with a low income developmentally disabled person in December 2010 and
transferred the property to the City on March 23 2011 after real estate market conditions
prevented the completion of the sale transaction until after the dissolution of the RDA
Board Approvals The sale of the property to a very low income disabled homebuyer
was originally approved by the former RDA on December 13 2010 and by the City of
Livermore on May 9 2011 The transfer of the property from the former RDA to the City
as an affordable housing asset to be used for affordable housing purposes was
confirmed by the LSA s Oversight Board June 5 2013
Original Purchase Price Est Current Value This property was sold on May 31 2011 to
a very low income disabled homebuyer for 180 000
Development Goals The unit was purchased at an affordable price by a lower income
developmentally disabled person in May 2011 Under the terms of the loan agreement
between the buyer and the City the unit will remain affordable for at least 30 years See
Exhibit A 8 for back up documents
29
FIRST ST
SECOND ST
THIRDST iF
FOURTH ST
EXHIBIT A
B GOVERNMENTAL PURPOSE ASSETS
B 1 62 90 South L Street APN 097 0001 026 01
Property History Description A 5 765 square foot parcel formerly developed with
commercial uses that included three tenants when the property was purchased on
August 31 2007 for 2 186 622 using Tax Allocation Bond proceeds Since that time
two of the three original tenants have vacated the site Lease revenue generated
through tenant leases has been reduced to 1 879 per month The former RDA worked
with former tenants Kelley s Meats and The Bottle Book and Smoke Shop on the
relocation of their businesses There are currently two tenants Domino s Pizza and the
Bothwell Art Studio Annex with one unit unoccupied Common area maintenance and
building up keep costs are estimated to be 1 868 per month
This parcel is part of an assemblage of parcels that includes 50 South L Street KFC
and the vacant parcel behind 2056 2068 First Street Corbett for use in the
development of a 500 space public parking structure which would provide parking for
residential use as well as other Downtown uses The site is zoned Downtown Specific
Plan Subarea 2 of the Core District which allows the site to be developed only for
public parking either as part of a structure or as surface parking Since there is no
charge for parking in the rest of the Downtown no income would be derived from such
a use Consequently the land has no use value beyond its intended public use as the
site for a parking structure No environmental assessments have been conducted on
these sites City ownership of the site is consistent with the Downtown Specific Plan
goal to facilitate the development of a 500 space parking garage and to satisfy the
provision of providing adequate land for parking and open space
Since 2005 the City has collected Parking In Lieu funds from downtown developers and
property owners under its Parking In Lieu Program in order to build public City owned
parking structures for use in the downtown in lieu of the property owners providing
privately owned parking on site Developers have already provided funding under this
program and these sites have been designated to provide the public parking needed for
existing and future businesses This site is designated as a proposed parking structure
site under the City s downtown Specific Plan and the former RDA Five Year Plan As
outlined in the plans the proposed parking structures would be City owned and
maintained
Original Purchase Price Est Current Value This property was purchased in August
2007 for 2 186 622 Although no formal appraisals have been completed since then
commercial properties in the Downtown have declined in value over the last five years
by at least 25
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used for public parking was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013 The need for
additional public parking in the Downtown is outlined in the City s General Plan
30
EXHIBIT A
Downtown Specific Plan and the former RDA s Five Year Plans
Development Goals While not subject to the Long Range Property Management Plan
but in recognition of these facts and the fact that the financing and maintenance of the
structure will come from sources identified by the City the City s long range plan for the
property is to keep ownership of the site with the City and to allow development of the
parking structure to move forward See Exhibit B 1 for back up documents
31
RALROAD AVE
Ili i l i
FIRSTST
111 i 1
EXHIBIT A
B 2 50 South L Street former KFC site APN 097 0001 026 02
Property History Description The former RDA purchased this 16 814 square foot site
for 1 295 000 using Tax Allocation Bond proceeds in August 2007 and transferred it to
the City on March 23 2011 as part of an assemblage of parcels that includes 62 90
South L Street Kelley s Meats Domino s Pizza and the vacant parcel behind 2056
2068 First Street Corbett for use in the development of a 500 space public parking
structure This structure will provide much needed parking for businesses located in
this area of the Downtown whose patrons have relied on the soon to be developed
Livermore Village site for their parking needs The site is zoned Downtown Specific
Plan Subarea 2 of the Core District which allows the site to be developed only for
parking either as part of a structure or as surface parking The need for parking is
identified in the Downtown Specific Plan and in the former RDA s Five Year Plans as a
critical component to ensure the economic vitality of the Downtown Project Area
City ownership of the site is consistent with the Downtown Specific Plan goal to facilitate
the development of a 500 space parking garage and to satisfy the provision of providing
adequate land for parking and open space No environmental assessments have been
conducted on this site
Since 2005 the City has collected In Lieu funds from downtown developers and property
owners under its Parking In Lieu Program in order to build public City owned parking
structures for use in the downtown in lieu of the property owners providing privately
owned parking on site Developers and property owners have already provided funding
under this program and these sites have been designated to provide the public parking
needed for these already existing businesses This site is designated as a proposed
parking structure site under the City s downtown Specific Plan and the former RDA Five
Year Plan As outlined in the plans the proposed parking structures would be City
owned and maintained
Original Purchase Price Est Current Value This site was purchased August 2007 for
1 295 000 Since parking is free in the rest of the Downtown no income will be derived
from such a use Consequently the land has no use value beyond its intended public use
as the site for a parking structure This site is now vacant and scheduled for demolition
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used for public parking was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013 The need for
additional public parking in the Downtown is outlined in the City s General Plan
Downtown Specific Plan and the former RDA s Five Year Plans
Development Goals While not subject to the Long Range Property Management Plan
but in recognition of these facts and the fact that the financing and maintenance of the
structure will come from sources identified by the City the City s long range plan for this
32
EXHIBIT A
site is to keep ownership of the site with the City and to allow development of the
parking structure to move forward See Exhibit B 2 for back up documents
33
EXHIBIT A
B 3 Vacant Parcel Behind 2056 2068 First Street former Corbett Parcel
APN 097 0001 036 00
Property History Description Purchased on July 6 2010 for 157 762 using Tax
Allocation Bond proceeds this land locked parcel was created through the division of a
larger site 2056 2068 First Street in order to provide road and alley access for the
proposed parking structure on L Street Along with 62 90 South L Street APN 097
0001 026 01 and 50 South L Street APN 097 0001 026 02 it is part of an assemblage
of parcels for use in the development of a critically needed Downtown parking structure
The site is currently zoned Downtown Specific Plan Subarea 1 of the Downtown Core
Since 2005 the City has collected In Lieu funds from downtown developers and property
owners under its Parking In Lieu Program in order to build public City owned parking
structures for use in the downtown in lieu of the property owners providing privately
owned parking on site Developers and property owners have already provided funding
under this program and these sites have been designated to provide the public parking
needed for these already existing businesses This site is designated as a proposed
parking structure site under the City s downtown Specific Plan and the former RDA Five
Year Plan As outlined in the plans the proposed parking structures would be City
owned and maintained
Original Purchase Price Est Current Value Purchased for 157762 on July 6 2010
the size and location of the site makes this parcel undevelopable except as part of a
right of way extension and consequently has vey limit resale value
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used for public parking was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013 The need for
additional public parking in the Downtown is outlined in the City s General Plan
Downtown Specific Plan and the former RDA s Five Year Plans
Development Goals This site addresses the Downtown Specific Plan goal to facilitate
the development of a 500 space parking garage The goal for this site under the Long
Range Property Management Plan is to continue to move towards development along
with other adjacent sites into a public a parking structure See Exhibit B 3 for back up
documents
34
EXHIBIT A
35
EXHIBIT A
B 4 2450 First Street Bankhead Plaza and Walkway APN 098 0407 026 00
Property History Description This irregularly shaped 27 922 square foot site was
acquired by the former RDA for 952 000 between 2000 and 2003 acquired as three
separate parcels in part to satisfy the Downtown goal to establish a pedestrian friendly
Downtown with walking access to the Downtown commercial retail center transit center
and future housing developments as well as to construct the existing plaza The former
RDA received a 1 2 million grant in 2006 from the Metropolitan Transportation
Commission MTC for a Downtown Livermore Pedestrian Transit Connections Program
in order to make these pedestrian improvements The project which completed
construction in early 2010 provides a direct safe and attractive pedestrian connection
from the Livermore Village site through the LVC Plaza to the Downtown Transit Center
The project provides an important pedestrian link between transit and local housing
business and activity centers
Original Purchase Price Est Current Value This parcel was part of an assembly of
parcels acquired over a 3 year period that also included the site for the Bankhead
Theater Separate parcels were created as part of the pathway plaza and landscaped
paths The estimated purchase price for these sites is 952 000 As a Pathway and
Plaza there is little or no development potential or economic value beyond its current
use
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used as a public plaza and walkway was approved by the
LSA s Oversight Board on June 5 2013 and is in keeping with City s General Plan
Downtown Specific Plan and the former RDA s Five Year
Development Goals The Pathway satisfies the goal of the former RDA s Five Year
Plans to Maximize transit opportunities for commuters to conveniently travel to
Downtown Livermore and The elimination of environmental deficiencies in the Project
Area including among others small and irregular lots obsolete and aged building
types substandard alleys and inadequate or deteriorated public improvements See
Exhibit B 4 for back up documents
36
t I
RAILROAD AVE
m
t
EXHIBIT A
B 5 Railroad Avenue Behind Bankhead adjacent to Plaza Walkway
APN 098 0407 030 02
Property Histo Description Purchased in March 2002 this 4237 square foot
triangular shape parcel is an undeveloped remainder piece left over from the
development of the Livermore Valley Center Although zoned commercial because of
its size and shape it is considered to have limited development potential The parcel
was purchased using Tax Allocation Bond proceeds is minimally landscaped and is
currently used as a bus stop Other proposals for the site include the possible
location of a common area trash enclosure and public park space
Its current use as a bus stop and possible future location of a trash enclosure helps to
satisfy the goals for the Downtown to strengthen retail and commercial functions in the
Downtown and strengthen the economic base of the Project Area and the community
through the installation of necessary site improvements to stimulate new commercial
expansion employment and economic growth
Continued use as a bus stop also maximizes transit opportunities for commuters to
conveniently travel to Downtown Livermore It increases the economic vitality of
the Downtown through the elimination of environmental deficiencies in the Project
Area including small and irregular lots as well as provides Pedestrian
improvements to enhance circulation throughout the Downtown facilitates transit
orientated development and allows residents to easily and safely walk to transit
services for transportation to work and other activities
Original Purchase Price Est Current Value As an undeveloped remainder parcel left
over from the development of the Livermore Valley Center it has limited current
economic value beyond its present use as a bus stop and a possible location of a
trash enclosure for use by the Livermore Valley Center businesses or for use as
public open space
Board Approval The transfer of the property from the former RDA to the City for a
governmental purpose consistent with parks and pathways was approved by the
LSA s Oversight Board on June 5 2013 The need for additional open space in the
Downtown is outlined in the City s General Plan Downtown Specific Plan and the
former RDA s Five Year Plans
Development Goal The Long Range Property Management Plan goal for this site is
to continue to maintain the site with the intent for a governmental use consistent with
parks and pathways as well as a possible location for a trash enclosure for use by
the surrounding businesses to be maintained by the City The bus stop will remain
located along its northern frontage to be used by the tenants of the Livermore Valley
Center LVC See Exhibit B 5 for back up documents
37
EXHIBIT A
38
wo
r
11
EXHIBIT A
13 6 2350 2418 Railroad Avenue APN s 098 0260 018 03 098 0260 017 02 and
098 0260 018 04
Property History Description These parcels make up the site for an existing 530 space
public parking structure The parking structure was built in August 2004 using City
funds Tax Allocation Bond proceeds and grants totaling 14 000 000 Its need was
outlined in the City s Downtown Specific Plan as well as the former RDA s Five Year
Plans Parking is provided for free A designated number of spaces are used to
provide free parking for the users of the adjacent transit Center Although needed to
provide adequate parking for Downtown businesses the demand for parking in the
Downtown is not high enough to charge for parking The City s Downtown Specific
Plan and the former RDA Five Year Plans specifically call out the need for parking in
the Downtown in order to create a vibrant economic atmosphere
The structure was constructed in anticipation of the implementation of the City s
Downtown In Lieu Parking Program whereby developers of downtown parcels pay a
per space fee to the City instead of providing on site parking The City in turn uses
these funds to provide and maintain the agreed upon needed public parking spaces
Any changes in ownership of this structure would violate this program agreement and
eliminate parking designated for businesses that pay for parking through this program
Original Purchase Price Est Current Value The total project cost to acquire the site
and construct the parking structure was approximately 14 000 000 These spaces
are provided to the public without charge The cost to maintain the structure and
provide security is approximately 21 000 per year
Board Approvals The transfer of the properties from the former RDA to the City for a
governmental purpose to be used for public parking was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013 The need for
additional public parking in the Downtown is outlined in the City s General Plan
Downtown Specific Plan and the former RDA s Five Year Plans
Development Goal The Long Range Property Management Plan goal for this site is to
have the City maintain ownership and provide for all the maintenance and security
costs for the structure See Exhibit B 6 for back up documents
39
EXHIBIT A
40
low
EXHIBIT A
13 7 159 North I Street APN s 098 0280 001 02 098 0280 002 01 and
098 0280 002 02
Property History Description Three parcels that were acquired and assembled for the
development of a 500 space parking structure Parcels 098 0280 001 02 and 098 0280
002 01 are 6 000 and 7 500 square feet in size respectively and are three of five
parcels that were acquired from Union Pacific Railroad by eminent domain in May
2005 Parcel 098 0280 002 02 is 7 500 square feet and was purchased in July 2006
The three parcels were purchased for approximately 571 875 with Tax Allocation
Bond proceeds If developed into a 500 space parking structure these sites will help
address the need for parking in the eastern portion of the Downtown an area that
includes such car intensive uses as the 13 screen movie Cinema the Bankhead
Community Theater and the future hotel
These parcels along with the existing parking structure were constructed in adherence
to the City s Downtown In Lieu Parking Program whereby developers of downtown
parcels pay a per space fee to the City instead of providing on site parking The City in
turn uses these funds to provide and maintain the agreed upon needed public parking
spaces Any changes in ownership of these parcels would violate this program
agreement and eliminate future parking designated for businesses that pay for parking
through this program
Price Est Current Value These three parcels were purchased for approximately
571 875 in 2005 and 2006 The land is currently zoned Downtown Specific Plan
Subarea 2 of the Core District which only allows for parking uses and greatly limits the
development value of the site
Board Approvals The transfer of the properties from the former RDA to the City for a
governmental purpose to be used for public parking was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013 The need for
additional public parking in the Downtown is outlined in the City s General Plan
Downtown Specific Plan and the former RDA s Five Year Plans
Development Goal The Long Range Property Management Plan goal for this site is
for the City to retain ownership of the parcels and for the City to move forward on
future plans to use the sites to increase the available parking spaces in the downtown
See Exhibit B 7 for back up documents
41
EXHIBIT A
42
N
N3O
m
F1
EXHIBIT A
B 8 2216 Railroad Avenue APN 098 0280 008 03 and 098 0280 008 08
Property History Description Two vacant parcels 2 653 square feet and 1 747 square
feet respectively both of which are land locked The parcels were acquired by eminent
domain for approximately 49 500 by the former RDA from Union Pacific Railroad in
May 2005 using Tax Allocation Bond proceeds The parcels were assembled for the
development of a 500 space parking structure for the Downtown Without this parking
structure parking would continue to become more difficult and limited which in turn would
restrict economic growth and vitality in the Downtown
These parcels along with the existing parking structure were constructed in adherence
to the City s Downtown In Lieu Parking Program whereby developers of downtown
parcels pay a per space fee to the City instead of providing on site parking The City in
turn uses these funds to provide and maintain the agreed upon needed public parking
spaces Any changes in ownership of these parcels would violate this program
agreement and eliminate future parking designated for businesses that pay for parking
through this program
Original Purchase Price Est Current Value Purchased for 49 500 these are small
remnant parcels that are parts of a larger incomplete assembly of sites for a future
downtown parking structure These sites have limited development potential beyond
their planned use
Board Approvals The transfer of the properties from the former RDA to the City for a
governmental purpose to be used for public parking was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013 The need for
additional public parking in the Downtown is outlined in the City s General Plan
Downtown Specific Plan and the former RDA s Five Year Plans
Development Goals The Long Range Property Management Plan goal for this site is
for the City to retain ownership of the parcels and for the City to move forward on future
plans to use the sites to increase the available parking spaces in the downtown See
Exhibit B 8 for back up documents
43
RAILROADAVE
EXHIBIT A
B 9 2164 Second Street Chamber of Commerce Parking Lot
APN 097 0014 003 04
Property History Description This 11 379 square foot site is an improved 25 space
parking lot adjacent to the Livermore Chamber of Commerce building The site was
purchased using non redevelopment funds in July 1989 for use as a parking lot The lot
was paved striped landscaped and installed with lighting for use as a public parking lot
Since 1989 this lot has been used exclusively to provide much needed public parking for
the Downtown Project Area as well as storm drain and access easements The parking is
provided free of charge as is the parking for the rest of the Downtown and the City
This site is maintained in adherence to the City s Downtown In Lieu Parking Program
whereby developers of downtown parcels pay a per space fee to the City instead of
providing on site parking The City in turn uses these funds to provide and maintain the
agreed upon needed public parking spaces Any changes in ownership of this site will
violate this program agreement and eliminate parking designated for businesses that
pay for parking through this program
Original Purchase Price Est Current Value No records exist regarding the original
purchase price for this land and it has no value beyond its current use as an improved
public parking lot
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used for public parking was confirmed by the LSA s
Oversight Board on June 6 2012 The LSA s Oversight Board then reconfirmed the
transfer on October 17 2012 and again reconfirmed it on June 5 2013 The need for
additional public parking in the Downtown is outlined in the City s General Plan
Downtown Specific Plan and the former RDA s Five Year Plans
Development Goals The Long Range Property Management Plan goal for this site is to
remain as its current use as a public parking lot with all maintenance costs paid for and
provided by the City of Livermore City ownership of the site addresses the Downtown
Specific Plan goal to satisfy the provision of providing adequate parking and open space
See Exhibit B 9 for back up documents
rh
44
FIRSTSR
SECOND ST
A ff
EXHIBIT A
B 10 2890 Fourth Street future Palasage Childcare site APN 097 0152 003 00
Property History Description Acquired by the City on December 28 2006 and
transferred to the former RDA in February 2007 this 9 487 square foot site was donated
to the City under City Resolution RA 2006 16 in order to satisfy a residential developer s
requirement to include a childcare facility at the adjacent 92 unit Palasage townhouse
project Transfer of the site to the City was conditioned on the site being developed into
a childcare facility that served lower income households with disabled children The
childcare project is on hold until adjacent sites can be acquired and assembled to create
a developable mixed use affordable housing project along with the childcare facility
Currently the site is used by a nonprofit organization as a community garden under a
lease agreement between the former RDA and the nonprofit Neither the LSA nor the
City receives any lease payments under the agreement
Original Purchase Price Est Current Value This parcel was donated to the City in
December 2006 Although no appraisals have been conducted current restrictions limit
the development of this site to a childcare facility which greatly reduces its market value
Board Approvals The transfer of the property from the former RDA to the City for a
governmental purpose to be used as a child care facility was confirmed by the LSA s
Oversight Board on June 5 2013
Development Goals The goal for the site under the Long Range Property Management
Plan is to proceed with the plan to develop it into an affordable housing project with an
on site childcare facility serving lower income households and children with disabilities
This is in keeping with both the goals of the former RDA s Five Year Plans and the City s
Downtown Specific Plan and General Plan to promote and facilitate the development of
new housing opportunities within the Downtown Project Area See Exhibit B 12 for back
up documents
45
FI
r
ZA
EXHIBIT A
USE OF REMAINING REDEVELOPMENT AGENCY BOND PROCEEDS
In 2001 the Redevelopment Agency issued 36 775 000 in Tax Allocation Bonds for use in
the acquisition of property and to further the development of RDA projects in the Downtown
Approximately 1 555 800 in unspent proceeds remain
On June 8 2015 the City and the LSA entered into a Bond Expenditure Agreement to
enable the City to use the remaining 2001 Tax Allocation Bond Proceeds for the purposes
identified in and consistent with the TAB Bond covenants the Indenture the Plan of
Finance the Certificate Regarding Use and the requirements of the California
Redevelopment Law and to provide for the LSA to transfer the Remaining 2001 TAB
Proceeds to the City to be used for such purposes as originally intended
The follow is a list of eligible projects to be funded in part by these unspent bond
proceeds
Bireley Site Acquisition
Purpose Acquisition of the back portion of this 5 000 square foot parcel APN 097 0001
023 00 on First Street would complete the assemblage of parcels needed to construct the
proposed 500 space parking structure to be built on L Street
Estimated Funding Needed 1 200 000
Predevelopment Funding for the L Street Parking Structure
Purpose These funds will be used to partially offset the predevelopment costs associated
with the development of the downtown parking structure Costs include engineering and
design work 300 000 relocation of existing businesses 100 000 and demolition of
the former KFC site 50 000
46
I RAiROM AVE
I
FIRST ST
SECOND ST
Predevelopment Funding for the L Street Parking Structure
Purpose These funds will be used to partially offset the predevelopment costs associated
with the development of the downtown parking structure Costs include engineering and
design work 300 000 relocation of existing businesses 100 000 and demolition of
the former KFC site 50 000
46
EXHIBIT A
Estimated Funding Needed 450 000
Thoroughfare Site Acquisition
Purpose Funding for the acquisition of an approximately 2 688 square foot parcel a
portion of APN 097 0001 015 and a portion of APN 097 0001 014 currently used to
provide access from First Street to the Livermore Village Site The City former RDA pays
approximately 10 200 in annual lease payments for the site Acquiring ownership of the
parcel will save the City and the LSA from paying an increasing on going annual lease
payment as well as ensure pedestrian access to these vital areas of the downtown
Estimated Funding Needed 175 000 for acquisition
47
r 1 1 1
RwzOAD AVE
k
I FIRST ST
v
c
SECOND ST
EXHIBIT A
Mills Square Park Renovation
Purpose Funds would be used to modernize and renovate this park that is located in a
central part of the downtown Plans are underway to renovate the park in order to make it
more open to the public and to tie in the space better with its surrounding uses The need
for parks in the downtown is described in the City s Downtown Specific Plan as a vital
element in ensuring a pedestrian friendly family oriented downtown where persons can both
live and work
Estimated Funding Needed 400 000 for design development and park renovation
RAI ROAD AVE
First Street Infrastructure improvements
Purpose Funds needed to continue the sidewalk landscaping and lighting improvements
on First Street from L Street to P Street
Estimated Funding Needed 1 800 000
IF 1
I 0 N 0
ICI
rIR T ST RKST
N N N in
SECOND 1 ST