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BURBANK REDEVELOPMENT AGENCYTuesday, April 17, 2007AGENDA
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6:30 P.M.
INVOCATION: Rabbi Mervin Tomsky Rabbi Emeritus, Burbank Temple Emanu El. The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted under the Constitution.
FLAG SALUTE:
ROLL CALL:
JOINT PUBLIC HEARING WITH THE CITY COUNCIL AND THE BURBANK PUBLIC FINANCING AUTHORITY:
1. ISSUANCE OF UP TO $58 MILLION IN BURBANK PUBLIC FINANCING AUTHORITY REVENUE BONDS 2007 SERIES A � GOLDEN STATE REDEVELOPMENT PROJECT:
Due to current market conditions, the City has an opportunity to take advantage of lower bond interest rates and thereby generate significant savings, totaling up to $2.2 million, which can be used for City capital projects. Therefore, the purpose of this report is to request authorization for the Burbank Public Financing Authority (Authority) to issue up to $58 million in Revenue Bonds, 2007 Series A (Golden State Redevelopment Project) (the 2007 Authority Bonds). The proceeds of the 2007 Authority bonds will be used to:
1. Refund (refinance) a portion of the Authority�s $87.3 million Revenue Bonds, 2003 Series A (Golden State Redevelopment Project);
2. Purchase in lieu of redemption $25 million of the Redevelopment Agency (Agency) Golden State Redevelopment Project Subordinated Tax Allocation Bonds, Issue of 1993; and,
3. Fund approximately $1.8 to $2.2 million of City capital improvements.
Although the financing is complex, the underlying premise is the same as refinancing a home mortgage. Interest rates are lower today than the interest rates on the existing debt and staff is therefore recommending this transaction in order to lower interest costs and generate proceeds that can be used to fund needed City projects. The net proceeds, estimated at between $1.8 million and $2.2 million, may then be used on any City capital project, thereby benefiting the entire community.
Recommendation:
1. Adoption of proposed Burbank Public Financing Authority resolution entitled: A RESOLUTION OF THE BURBANK PUBLIC FINANCING AUTHORITY AUTHORIZING ISSUANCE OF REVENUE BONDS, APPROVING THE FORMS AND AUTHORIZING AND DIRECTING EXECUTION OF CERTAIN BOND FINANCING DOCUMENTS AND AUTHORIZING AND DIRECTING ACTIONS WITH RESPECT THERETO (GOLDEN STATE PROJECT AREA).
2. Adoption of proposed Redevelopment Agency resolution entitled: A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK APPROVING THE ISSUANCE OF REVENUE BONDS BY THE BURBANK PUBLIC FINANCING AUTHORITY, APPROVING THE FORMS AND AUTHORIZING AND DIRECTING EXECUTION OF CERTAIN BOND FINANCING DOCUMENTS AND AUTHORIZING AND DIRECTING ACTIONS WITH RESPECT THERETO (GOLDEN STATE PROJECT AREA).
3. Adoption of proposed City Council resolution entitled: A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK MAKING FINDINGS WITH RESPECT TO, AND APPROVING THE ISSUANCE OF, REVENUE BONDS BY THE BURBANK PUBLIC FINANCING AUTHORITY, AND APPROVING THE SALE THEREOF(GOLDEN STATE PROJECT AREA).
RECESS to continue the City Council meeting.
JOINT MEETING WITH THE CITY COUNCIL AND THE YOUTH ENDOWMENT SERVICES FUND BOARD:
2. ADOPTION OF A MEMORANDUM OF UNDERSTANDING FOR COOPERATIVE JOINT USE AND IMPROVEMENT OF RECREATION FACILITIES BETWEEN THE CITY AND THE BURBANK UNIFIED SCHOOL DISTRICT AND RELATED FUNDING APPROPRIATIONS:
The purpose of this report is to recommend adoption of a Memorandum of Understanding (MOU) for Cooperative Joint Use and Improvement of Recreation Facilities between the City and the Burbank Unified School District (BUSD) and to appropriate funds related to these improvements.
This first step segregates funds for the estimated costs of the project, authorizes preconstruction activities to begin, such as design work, and identifies the steps necessary in the joint cooperative effort with the BUSD. Step two, which will occur at a later date, will involve the Council and BUSD consideration of a detailed Joint Use and Improvement Agreement (Agreement), which will come back to each body before any construction contract is considered.
ANALYSIS A joint meeting of the Council and Board of Education was held on January 31, 2007, at which time there was discussion and consideration of funding improvements to Jordan Middle School, John Burroughs High School and Burbank High School athletic facilities.
At both high schools, the installation of high quality all-weather synthetic track and field surfaces and various support facilities are recommended. At John Burroughs High School, the replacement of the stadium seating at Memorial Field is also recommended. Proposed improvements at Jordan Middle School include the addition of parking, irrigation, natural turf and support facilities. During the Joint Meeting, staff received direction from the Council and School Board to: (1) obtain community input from residents near Jordan Middle School concerning the proposed improvements; and, (2) return to the Council and the School Board with the identified funding appropriations.
Jordan Middle School Community Meetings Related to the proposed improvements to Jordan Middle School, staff initiated the necessary neighborhood and community outreach efforts. Notices were sent to 1,500 residents living in the area and adjacent to Jordan Middle School advising them of two community meetings. Representatives of local soccer organizations, as well as the Vikings Football Program, were also notified regarding these meetings to accommodate their input. The meetings were held on Monday, March 12, 2007 at 7 p.m. and on Saturday, March 17, 2007 at 10 a.m. in the Jordan Middle School cafeteria facility.
Each meeting began with a staff overview of the proposed improvements to Jordan Middle School along with a discussion of the scope of work proposed for the two high schools. Following the staff presentation, the meeting was open to questions and comments from the public. During public comment the residents in attendance identified the following concerns: (1) traffic impacts; (2) parking impacts; (3) speeding; (4) excessive noise from the various user groups; (5) lack of enforcement related to traffic and parking violations; (6) litter impacts on the neighborhood; (7) lack of campus security; (8) vandalism to private property; and, (9) non-resident use of the school facilities. In addition to identifying these concerns related to existing joint use of the Jordan Middle School campus, those in attendance also voiced strong opposition to the installation of field lighting.
Steering Committee Recommendations Following the Joint Meeting on January 31, 2007, City and BUSD staff also met on two occasions to discuss a variety of issues related to the projects at John Burroughs High School, Burbank High School and Jordan Middle School. Additionally, the Steering Committee met on Monday, April 9, 2007, to receive an update from staff on the status of the projects and to formulate their recommendations for consideration by the Council and the School Board. The Committee�s recommendations are summarized by school as follows.
Jordan Middle School The Steering Committee�s recommendations include appropriating $2 million in Youth Endowment Services (YES) funds to proceed with the improvements to Jordan Middle School. These improvements will include: (1) the new parking lot facility; (2) new public restroom facility for after school use; (3) required demolition of existing facilities to facilitate public access and allow for track and field component replacements; (4) campus security measures to limit access during after-hour use; and, (5) installation of new irrigation systems, soil preparation and re-seeding of both athletic fields. The Steering Committee is not recommending the installation of field lights at this time. However, as part of the scope of work, the architect will be asked to look at, as other electrical work is being completed, any necessary infrastructure work that could make lighting a future phase. Specifically, the Steering Committee wants to insure that if lights are approved in a future phase of work, that damage is not done to this first phase of improvement work to install the lighting infrastructure.
It is clear, based on the input from the community, that the joint use of Jordan Middle School has significantly impacted the residents in the adjacent neighborhood. More security and enforcement efforts are needed if joint use is to continue without the disruptions and impacts that were identified. The addition of security personnel, which will be hired by BUSD and paid for by the City under the terms of a new Agreement, will greatly enhance our ability to respond and resolve many of the issues identified by the residents of this area.
Burbank High School Subsequent to the January 31, 2007 Joint Meeting, the Steering Committee received a proposal from coaches, players and supporters of the Burbank High Baseball Program. Essentially, the proposal asks for consideration of enlarging and improving the baseball field in conjunction with the track and field improvement project. City and BUSD staff, along with the members of the Steering Committee, have carefully discussed and considered this proposal. BUSD staff was specifically asked to have an architect review the scope of work in the proposal and accordingly develop a more realistic cost estimate. These efforts have determined that the improvement work, as outlined in the proposal, would cost approximately $350,000. While all the members of the Steering Committee recognize the limitations of the existing baseball field at Burbank High School and gave the Baseball Field Upgrade Proposal their full consideration, they have serious concerns and reservations about moving forward with the proposed changes. A discussion of this proposal is slated for the April 19, 2007 meeting of the Board of Education.
The members of the Steering Committee recommend moving forward with the preparation of plans for the improvement work at Burbank High School to include: (1) a new restroom facility for use by the public during non-school hours; (2) new track and field facilities with synthetic surfaces; and, (3) added field lighting.
Stadium at Memorial Field and Burroughs Track and Field In addition to the track and field improvements, the members of the Steering Committee continue to recommend building a new stadium facility at John Burroughs High School. While this will result in decreased seating capacity due to Americans with Disabilities Act (ADA) regulations and compliance, it will provide a state-of-the-art, structurally sound, ADA compliant facility that will better meet the equipment storage needs of the various user groups. Additionally, new concession and restroom facilities are proposed along with aesthetic improvements to the frontage. The Steering Committee has received some input from members of the community requesting that, as this project moves forward, the fencing around the tennis courts and baseball field also be replaced. The Steering Committee recommends that the additional fencing replacement be added to the scope of work and included as a bid alternate. This would greatly enhance the aesthetics of this entire portion of the John Burroughs High School campus.
Identifying Funding Appropriations Related to moving forward with the improvements to John Burroughs High School and Burbank High School, the Council, at the Joint Meeting held on January 31, 2007, unanimously directed staff to bring back a funding appropriation in the amount of $9,650,000. The Steering Committee is recommending the establishment of four escrow accounts with Wells Fargo Bank to allow for the project funds to be deposited, monitored and controlled. Additionally, at the January 31, 2007 Joint Meeting of the Council and the School Board, it was discussed and decided to target a community fundraising goal of $1 million.
The City and the BUSD have a successful history related to the joint use of facilities which has been of great benefit to the entire community. The proposed improvements to Jordan Middle School, Burbank High School and John Burroughs High School will be important assets as we continue, in a built-out City, to try and meet the growing needs of youth sports programs.
Recommendation:
Adoption of proposed City Council resolutions entitled: 1. A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING THE MEMORANDUM OF UNDERSTANDING AGREEMENT FOR COOPERATIVE JOINT USE AND IMPROVEMENT OF RECREATION FACILITIES BETWEEN THE CITY OF BURBANK AND THE BURBANK UNIFIED SCHOOL DISTRICT.
2. (4/5 vote) A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK AMENDING THE FISCAL YEAR 2006-2007 ANNUAL BUDGET BY APPROPRIATING $11,326,472 FOR THE BURBANK UNIFIED SCHOOL DISTRICT ATHLETIC FACILITIES PROJECTS.
Adoption of proposed Redevelopment Agency resolution entitled: A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK AUTHORIZING THE REDESIGNATION OF CERTAIN YOUTH ENDOWMENT SERVICES EXPENDITURES FOR THE JORDAN MIDDLE SCHOOL PROJECT AND AMENDING THE FISCAL YEAR 2006-2007 ANNUAL BUDGET BY APPROPRIATING $2,000,000 FOR THE ROBERT �BUD� OVROM PARK PROJECT.
Adoption of proposed Youth Endowment Services Fund Board resolution entitled: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE YOUTH ENDOWMENT SERVICES FUND OF THE CITY OF BURBANK APPROVING THE REDESIGNATION OF $2,000,000 FOR THE JORDAN MIDDLE SCHOOL PROJECT.
RECESS to conclude the City Council meeting.
ADJOURNMENT.
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