OB 2012 35

1f7bba519c630796c44997a2a04ce7e8c8e9b179

California Municipal Codes

(OB-2012-35) OVERSIGH T BOARD RESOLUTION NUMBER OB-2012-35 A RESOLUTION OF TH E OVERSIGH T BOARD FOR TH E CITY OF SAN D IEGO REDEVELOPMENT SUCCESSOR AGENCY AUTHORIZING CERTAIN CONTRACTS AND EXPEND ITURES RELATED TO THE H ORTON PLAZA PARK IMPROVEMENTS IN ACCORDANCE WITH THE EXISTING OWNER PARTICIPATION AGREEMENT FOR TH E HORTON PLAZA RETAIL CENTER WH EREAS, the former Redevelopment Agency of the City of San D iego (Former RD

A) administered the implementation of various redevelopment projects, programs, and activities within designated redevelopment project areas throughout the City of San D iego (City); and WH EREAS, in accordance with Assembly Bill x1 26 (AB 26), the Former RD A dissolved as of February 1, 2012, at which tirrie the City of San D iego, solely in its capacity as the designated successor agency to the Former RD A (Successor Agency), assumed the Former RDA's assets and obligations; and WH EREAS, the Successor Agency is required to administer the winding down of the Former RDA's operations and to ensure compliance with the Former RDA's obligations in accordance with AB 26, as amended by Assembly Billl484 (AB 1484); and WH EREAS, in January 2011, the Former RD A and H orton Land, LLC, H orton Plaza Venture, LLC and H orton Plaza LP (collectively, Developer) executed an Owner Participation Agreement (OPA) with respect to the H orton Plaza Retail Center (Retail Center) in downtown San D iego; and WH EREAS, as of February 1, 2012, the Successor Agency has assumed the Former RDA's rights and obligations under the OPA by operation of AB 26; and WH EREAS, among other things, the OP A requires the D eveloper to transfer the Horton Park Plaza site (Site) to the Successor Agency for the construction of a new world-class urban plaza and related improvements on the Site (Project) and obligates the Successor Agency to pay D oc No . 473736 (OB-2012-35) a minimum o f $8 million toward the hard construction costs o f the Project and to cause the development o f the Project in accordance with final construction plans created with the input of interested stakeholders; and

WHEREAS, the OP A also obligates the Successor Agency to make five annual deposits of $150,000 each into the Plaza Capital Reserve Account, beginning in Fiscal Year and continuing in the next four fiscal years, for a total contribution of$750,000 toward the Project's future capital repairs and replacements; and

WHEREAS, in compliance with the OPA, Civic San D iego (CivicSD), formerly known as Centre City D evelopment Corporation, engaged the urban design and landscape architecture firm o f Walker Macy and sub-consultants to gather public and stakeholder input and develop more specific designs for the Project; and

WHEREAS, based on the current design o f the Project, the total hard and soft costs for design and construction ofthe Project are estimated to be $14,286,905, including $11,908,912 in total hard construction costs; and

WHEREAS, after deducting costs already incurred for the Project in the amount o f $1,552,822, the remaining costs o f the Project are estimated to be $12,734,083; and

WHEREAS, the Successor Agency, the Oversight Board, and the California Department o f Finance have approved line items in certain Recognized Obligation Payment Schedules (collectively, ROPS) that cumulatively provide funding of$12;757,312 for the Project, which includes (i) $12,007,312 for design and construction costs o f the Project (ROPS Project Funds) and (ii) $750,000 for the five annual deposits into the Plaza Capital Reserve Account beginning in Fiscal Year 2015; and D oc No. 473736 (OB-2012-35)

WHEREAS, the remaining design and construction costs o f the Project exceed the amount of funding shown in the ROPS by approximately $726,771, and CivicSD will explore the availability o f additional, non-redevelopment funding sources to offset this budget shortfall; and

WHEREAS, California H ealth and Safety Code

section 34177(

a) requires the Successor Agency to continue to make payments due for enforceable obligations, and California H ealth and Safety Code

section 34177(

c) requires the Successor Agency to perform obligations required pursuant to any enforceable obligation.

NOW, THEREFORE,

BE IT RESOLVED by the Oversight Board as follows: 1. The Successor Agency or its agent, CivicSD , is authorized to solicit bids and award a contract to the lowest responsible bidder for construction o f the Project in order to fulfill the obligations under the OPA, using up to $10,982,141 ofthe ROPS Project Funds . 2. The Successor Agency or its agent, CivicSD , is authorized to enter into contracts and make expenditures up to $1,025,171, using the ROPS Project Funds, for additional work related to the Project, including: (

i) the acquisition o f furniture, fixture, and equipment for the Project in an amount not to exceed $200,000; (ii) the payment o f certain indirect costs of the Project, including additional design services, construction phase consultants, permits and plan check fees and other miscellaneous costs, in an amount not to exceed $280,589; (iii) an agreement with Walker Macy for construction administration support services for the Project in an amount not to exceed $294,582; and (iv) an agreement with a consultant for construction management and inspection services for the Project in an amount not to exceed $250,000.

PASSED AND ADOPTED by the Oversight Board at a duly noticed meeting ofthe Oversight Board held on November W, 2012. Cha~ Doc No. 473736

Document details

Collection	California Municipal Codes
Citation	1f7bba519c630796c44997a2a04ce7e8c8e9b179
Type	ordinance
Language	en
Format	pdf
Source	CA_MUNI
Identifier	1f7bba519c630796c44997a2a04ce7e8c8e9b179

Source file is stored in the law ingest library (pdf).