BURBANK REDEVELOPMENT AGENCY
Tuesday, July 19, 2005
AGENDA
CITY COUNCIL CHAMBER - 275 EAST OLIVE AVENUE
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6:30 P.M.
INVOCATION: Reverend Ron Degges, Little White Chapel
The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted
under the Constitution.
FLAG SALUTE:
ROLL CALL:
JOINT MEETING WITH THE CITY COUNCIL:
1. BURBANK BOULEVARD STREETSCAPE PROJECT UPDATE:
The purpose of this report is to update the Council and the Redevelopment Agency Board (Board) on the progress of the Burbank Boulevard Streetscape Project (from Victory Boulevard to Clybourn Avenue) including: presentation of a conceptual design; the proposed project schedule; and, to request appropriation of funds for traffic/engineering studies and preliminary improvements to the area.
The 2004-05 Work Program called for continuing networking efforts with the Burbank Boulevard Merchants group and for coordinating possible streetscape plans. Staff initially met with the Burbank Boulevard Merchants last summer to discuss potential improvements to the area. As a result, the Burbank Boulevard banner program was initiated last November. At that time, staff began researching the feasibility of the Burbank Boulevard Streetscape Project.
The first step of the process included two community meetings with the residents, property owners and merchants in the area. These meetings were held on February 23 and 24, 2005. On March 29, 2005, staff presented an update to the Council and the Board on the progress of the Burbank Boulevard Streetscape Project and requested that two Council/Board members be appointed to the Burbank Boulevard Streetscape Oversight Committee. Mayor Jef Vander Borght and Vice-Mayor Todd Campbell were appointed to the Oversight Committee. On April 12, 2005, the first project Oversight Committee meeting was held and a follow-up community meeting occurred on May 25, 2005 where the residents, merchants and property owners provided valuable feedback for this project.
There are numerous opportunities to improve �The Boulevard�, from both the perspective of enhancing a commercial corridor as well as creating a more pleasant environment for the residential neighborhoods that envelop Burbank Boulevard. One of the most notable conditions that currently exist is the �heat island� or more befitting in this case, the �heat corridor� that is caused by the predominance of concrete and asphalt. There is a severe lack of street trees, a lack of pedestrian amenities and an overall bleak �feel� to this 2.5-mile corridor. With the opportunity and need to improve this arterial, combined with direction from the project Oversight Committee as well as community input, staff proposes the following list of corridor improvements: street resurfacing; banners on light standards; street trees spaced every forty feet; tree grates; tree guards; painted light standards; new street signs as needed; accent trees (different than standard treatment trees); lighted bollards at major intersections; accent paving at major intersections; tree lighting at major intersections; palm trees spaced every fifteen feet in accent areas; benches at accent areas; low�growing landscape planting areas at accent areas; custom bike racks; flowering accent and palm trees at major intersections and accent areas; gateway/signage elements; landscaped medians at specified locations; and, public art.
The conceptual plan considers four levels of improvements containing a variety of components to create a special environment and develop an identity for the corridor through an enhanced pedestrian atmosphere. The estimated cost of the proposed streetscape project is $8,613,600 (including a 20 percent contingency). The following is a summary of those costs:
Street resurfacing $1,800,000
Landscaping 2,442,000
Street furnishings (tree grates, signage, bike racks, trash 1,131,600
receptacles, etc.)
Reclaimed water 2,040,000
Traffic signal interconnects 1,200,000
Total $8,613,600
Staff proposes to proceed with some improvements that can take place immediately, such as painting the traffic signals throughout the corridor, replacing street name signs and implementing the final phase of the banner program. In addition to the cost of these improvements, staff anticipates that additional funds may be required for traffic surveys, traffic signal design work and engineering studies. These costs are summarized as follows:
Painting traffic signals $50,000
Banner program 60,000
Enhance street signs 15,000
Surveys, traffic signal design work, engineering studies 100,000
Total $225,000
In order to proceed with these improvements, conduct the necessary surveys and studies, and continue with the Design Development Phase, staff recommends that a total of $225,000 be appropriated at this time out of Golden State Bond proceeds for the proposed project.
Recommendation:
Adoption of proposed City Council resolution entitled:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK CONSENTING TO THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK EXPENDITURE FOR CERTAIN BURBANK BOULEVARD STREETSCAPE IMPROVEMENTS.
Adoption of proposed Redevelopment Agency resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK BY AMENDING FISCAL YEAR 2005-2006 BUDGET AND MAKING CERTAIN FINDINGS FOR THE PURPOSE OF FINANCING PART OF THE BURBANK BOULEVARD STREETSCAPE PROJECT.
CONSENT CALENDAR: (Item 2)
The following item may be enacted by one motion. There will be no separate discussion on this item unless a Council Member so requests, in which event the item will be removed from the consent calendar and considered in its normal sequence on the agenda. A roll call vote is required for the consent calendar.
2. CONSIDERATION OF AN AFFORDABLE HOUSING AGREEMENT BETWEEN THE BURBANK REDEVELOPMENT AGENCY AND BURBANK HOUSING CORPORATION FOR ACQUISITION OF 1902 KEELER STREET:
The purpose of this report is to provide information to the Redevelopment Agency (Agency) Board to consider an Affordable Housing Agreement (AHA) to assist the Burbank Housing Corporation (BHC) to acquire residential property at 1902 Keeler Street.
Since 1997, the City has implemented a pro-active approach to neighborhood revitalization in partnership with the BHC. By investing resources to improve the housing stock, provide affordable housing opportunities and develop neighborhood-based Activity and Family Resource Centers, living conditions of residents in the Verdugo-Lake, Elmwood, Golden State and Peyton-Grismer Focus Neighborhoods have been improved. Most recently, the Lake-Alameda Focus Neighborhood has been identified for revitalization efforts in the coming year.
In 2002, the City and BHC began implementing neighborhood revitalization efforts in the Peyton-Grismer Focus Neighborhood. Since that time, BHC has worked with the City to acquire and improve over 100 distressed housing units in that neighborhood. BHC currently owns and manages a seven-unit apartment building at 1721 Elliot Drive and is in the process of rehabilitating 12 additional residential units at 1729-1735 Elliot Drive. In addition, BHC is in the process of rehabilitating 70 residential units at 1801-1815 Grismer Avenue and will complete construction of the Peyton-Grismer Activity and Family Resource Center this summer. While these efforts have already contributed to improving the living conditions of residents in the Peyton-Grismer Focus Neighborhood, more opportunities exist for revitalizing this important neighborhood.
On June 6, 2005, the residential property at 1902 Keeler Street (APN 2468-014-004) was placed on the market for sale. The list price was $499,900. BHC�s offer of $500,000 was accepted. The property is located at the northeast corner of Keeler Street and Elliot Drive within the Peyton-Grismer Focus Neighborhood. BHC has proposed to obtain a first mortgage loan from First State Bank to purchase the property at 1902 Keeler Street. The amount of the loan ($100,000) was determined by the amount of debt service that the rental income of the property could support. This loan amount, combined with BHC�s equity contribution of $25,000 results in a financing gap of $384,000 (including closing costs estimated at $9,000), which is proposed to be filled with a deferred payment, second mortgage loan provided by the Agency. The gap financing provided by the Agency allows BHC to further build their capacity and relationship with First State Bank. The bank has expressed interest in continuing to be a partner for future BHC transactions.
BHC will fund minor rehabilitation at 1902 Keeler Street and rent the property to a moderate-income household. The rental income generated will be used to repay a portion of the mortgage loans obtained to purchase the property. BHC may propose to enter into an AHA with the Agency for a proposed affordable ownership project in the future.
The terms of the AHA require BHC to acquire and operate the property as an affordable rental unit for lower and moderate-income households for a period of 55 years. Under the terms of the AHA, the Agency will provide a no-interest deferred repayment loan in the amount of $384,000 to BHC to purchase the property at 1902 Keeler Street. The Agency loan will be secured by a second deed of trust on the property, subordinate to a first mortgage loan of approximately $100,000 from First State Bank.
There are sufficient funds in the Agency�s Low & Moderate Income Housing Fund for acquisition of 1902 Keeler Street. Staff recommends that the Agency adopt the proposed resolution to approve the AHA and related documents between the Agency and BHC.
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK APPROVING AN AFFORDABLE HOUSING AGREEMENT WITH THE BURBANK HOUSING CORPORATION CONCERNING 1902 KEELER STREET.
RECESS to conclude the City Council meeting.
ADJOURNMENT.