AgdaPkt 2011-07-11 - Laserfiche WebLink

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Atta&6.3.C. - Page 9 EXAMINATION OF PREVIOUS YEAR'S ACHIEVEMENTS RDA General Fund Achievements 1. Downtown Precise Plan A lawsuit and court ruling reversed the implementation of the DPP approved in 2007. The DPP will guide growth in Downtown by providing concise rules for future development. This past year was spent amending the DPP to respond to the ruling. In January 2011, the DPP including its master programmatic Environmental Impact Report (EIR) was adopted. Staff has been working with developers interested to build both residential and commercial developments. 2. Amendment of the City and Agency's Agreement for Administrative Services In March 2011, a second amendment for services between the City and Agency Agreement was approved. The second amendment brings the agreement in alignment with current conditions and simplifies the language, including the elimination of the staff position listing, which changes periodically. Additionally, the compensation section was amended to simply require conformance with the current budget rather than indicating a specific sum, which can change annually as budgets are revised or amended. 3. Agreement for the City to purchase Agency owned real property asset In March 2011, the Agency entered into an Option Agreement between the City and the Agency providing the City an option to acquire certain agency -owned real property assets. Subsequently, the City exercised its option to acquire all seven Agency -owned real property assets for ten dollars each. The City now holds the property for redevelopment uses, future development, and /or disposition for redevelopment. With respect to any owned parcels purchased by the Agency with Housing Fund, the City agrees that it will abide by the requirements of Health and Safety Code section 33334.2. 4. Mixed Use Corridor Zoning A portion of Agency funds is used to create the Mixed Use Corridor Zoning District as designated in the General Plan. This land use designation is applied to segments of certain streets lined with primarily with commercial and retail uses. Some of the streets are located within the redevelopment area, including El Camino Real and Veterans Boulevard. The Mixed Use Corridor Zoning District recommends a more compact pattern of development with a mixed of uses while incorporating a multimodal environment. The proposed zoning will assist in the elimination of blight by encouraging the redevelopment of irregular lot sizes and obsolete buildings. The second reading for the adoption of the new zoning is scheduled July 27, 2011. 5. Depot Circle Development Request for Qualification The Agency is providing financial assistance for predevelopment work of two City owned parking lots and public right -of -way for a future commercial and /or