HomeMy WebLinkAbout3/07/11 RDA AGENDA SPECIAL MEETING
B A K E R S F I E L D
NOTICE OF SPECIAL MEETING
OF THE
BAKERSFIELD REDEVELOPMENT AGENCY
NOTICE IS HEREBY GIVEN that the Redevelopment Agency of the City of
Bakersfield will hold a Special Meeting on Monday, March 7, 2011 at 1:30 p.m. in
Conference Room A, City Hall North, 1600 Truxtun Avenue, Bakersfield, to consider the
following:
SPECIAL MEETING
1. ROLL CALL
2. PUBLIC STATEMENTS
3. NEW BUSINESS
a. Transfer of Redevelopment Agency properties:
I Resolution approving Cooperation Agreement with City regarding
the transfer of certain Agency-owned properties to the City in
accordance with California Redevelopment Law.
2. Cooperation Agreement with City for transfer of certain properties
owned by the Bakersfield Redevelopment Agency to the City and
authorization of the City to act as the Agent of the Agency in the
disposition and redevelopment of said properties pursuant to
California Redevelopment Law.
Staff recommends adoption of resolution and approval of agreement.
4. ADJOURNMENT
/s/ Lagy Koman
CHAIRPERSON of the Redevelopment Agency
of the City of Bakersfield
SABRDAWOTICES\SPMTG mar 11.DOC
B A K E R S F I E L D
AGENDA OF SPECIAL MEETING
OF THE
BAKERSFIELD REDEVELOPMENT AGENCY
NOTICE IS HEREBY GIVEN that the Redevelopment Agency of the City of
Bakersfield will hold a Special Meeting on Monday, March 7, 2011 at 1:30 p.m. in
Conference Room A, City Hall North, 1600 Truxtun Avenue, Bakersfield, to consider the
following:
SPECIAL MEETING
1. ROLL CALL
2. PUBLIC STATEMENTS
3. NEW BUSINESS
a. Transfer of Redevelopment Agency properties:
1, Resolution approving Cooperation Agreement with City regarding
the transfer of certain Agency-owned properties to the City In
accordance with California Redevelopment Law.
2. Cooperation Agreement with City for transfer of certain properties
owned by the Bakersfield Redevelopment Agency to the City and
authorization of the City to act as the Agent of the Agency In the
disposition and redevelopment of said properties pursuant to
California Redevelopment Law.
Staff recommends adoption of resolution and approval of agreement.
4. ADJOURNMENT
Executive Director of the Redevelopment Agency
of the City of Bakersfield
SANDAWOTICESISPMTO nur 1 1.DOC
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ADMINISTRATIVE REPORT
9 IF
MEETING DATE: March 7, 2011 AGENDA SECTION: New Business
ITEM:
TO: Bakersfield Redevelopment Agency APPROVED
FROM: Donna L. Kunz, Deputy Executive Director DEPARTMENT HEAD 7
DATE: March 4, 2011 GENERAL COUNSEL
EXECUTIVE DIRECTOR
SUBJECT; Transfer of Redevelopment Agency Properties:
1) Resolution approving a Cooperation Agreement with the City of Bakersfield
regarding the transfer of certain Agency-owned properties to the City in
accordance with California Redevelopment Law,
2) Cooperation Agreement with the City of Bakersfield for the transfer of certain
properties owned by the Bakersfield Redevelopment Agency to the City of
Bakersfield and authorization for the City to act as the Agent of the Agency in
the Disposition and Redevelopment of said properties pursuant to the California
Redevelopment Law,
RECOMMENDATION:
Staff recommends approval of the cooperation agreement and resolution accepting the
transfer of the parcels as depicted on the attached schedule of properties,
BACKGROUND:
The Budget Trailer Bill to dissolve Redevelopment has been released by the State Department of
Finance. The bill language is generally consistent with the Governor's proposal and with the
general descriptions contained in testimony in the legislative hearings that took place over the
last few weeks.
Commencing with effectiveness of the bill, (the day the Governor signs the bill) all
redevelopment activity would be suspended except paying existing debt obligations, The
Redevelopment Agency would then be abolished effective July 1, 2011 and all of the
Redevelopment Agency's assets and obligations would be turned over to a successor agency.
This new successor agency would be charged with the disposition of the former Redevelopment
Agency's assets, including its cash and land held for planned projects, The State is seeking to
capture $1.7 billion of redevelopment funds the first year and will look to the successor agency's
board to sell off redevelopment owned land and other tangible assets to obtain the funds they
hope to attach. The Cooperation Agreement is intended to protect our local assets.
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March 4, 2011, 1:23PM
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ADMINISTRATIVE REPORT
The City Council and Redevelopment Agency have both taken previous actions intended to
protect the Redevelopment Agency's cash that has been committed to projects underway, The
Cooperation Agreement under consideration is intended to protect the Redevelopment Agency
owned properties acquired in recent years that were planned for future mixed use and
commercial development, The Cooperative Agreement calls for transferring these parcels to the
City to be held for future disposition to a developer. It is critical that local land use control be
maintained for these properties in order to achieve the redevelopment plans desired by the
community and the City.
The City Council will consider the approval of the Cooperation Agreement and adoption of the
Resolution at their March 9, 2011 meeting. Attached is the list of parcels proposed for transfer
from the Redevelopment Agency to the City,
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March 4, 2011, 1:23PM
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