AgdaPkt 2003-07-14 - Laserfiche WebLink

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1019-e 4) Finalization of the design for the streetscape improvements related to the Retail /Cinema Project ("Theater Way" Broadway, Jefferson and Middlefield). 5) Commencement of construction of the underground public parking structure. 6) Complete the design for the Courthouse Plaza; demolish the Broadway Annex and begin restoration of the Courthouse Facade. 7) Complete the Precise Plan for the Downtown Core. 8) Develop design concept for "Theater Way II" i.e., Middlefield between Broadway and Veteran's Blvd. to enhance the pedestrian experience between the County Parking Facility and the Retail /Cinema Project. 9) Assemble remaining privately -owned parcels on Block 2 for expansion of surface parking lot located pursuant to the terms of the DDA for the Retail /Cinema Project. 10) Initiate work on a directional signage program for Downtown. 11) Work with the private development community to identify feasible projects for "Opportunity Sites" identified in the Downtown Plan. 12) Continue to work with the downtown business community to promote Downtown via special events, "branding" and aesthetic improvements to both private buildings and public spaces. 13) Begin development of the "Parking Management Plan" pursuant to the DDA. DOWNTOWN FUNDING PLAN The implementation of the Council /Agency Board priorities and actions regarding the Retail /Cinema Project, the Courthouse Facade Restoration and Plaza Project, and the implementation planning for the Downtown Plan are incorporated into a multi -year Capital Budget or "Downtown Funding Plan" summarized as follows: Parking Improvements $19,175,000 Estimated soft costs and construction costs for the underground public parking structure on Block 1; parking control equipment for parking management throughout the downtown; as well as costs for expanding and re- striping Block 2 parking lot. Land Assembly $ 2,000,000 Remaining net land assembly costs to be funded for parking obligations pursuant to the DDA for the Retail /Cinema Project, including Block 1 and Block 2. This amount is net of the developer's $7.5M payment for the air rights to construct the Retail /Cinema project over the parking structure, as well as the monies allocated in the 2002 -03 "Current Capital Projects for parking. Culvert $ 3,800,000 Estimated cost to relocate the culvert so the underground public parking structure can be built. _. Streetscape Improvements $ 1,675,000 Estimated cost to construct improvements for 'Theater Way" between Broadway and