SR - AGR-6064 - CONSTRUCTION FUNDING METROLINK PARKING ORANGE TRANSPORTATION CENTER (2)AGENDA ITEM
January 14, 2014
�ocnrnc cey
TO: Honorable Chairperson and Directors
of the Successor Agency to the
Orange Redevelopment Agency
THRU: John W. Sibley
City Manager
FROM: Lisa Kim
Economi ev ment Manager
ReviewedNerified By:
City Manager
Finance Direc or
To Be PresenteNWYyl
Lisa Kim
Cons Calendar
City Mgr Rpts
Council Reports
Legal Affairs
Boards /Cmtes _
Public Hrgs
X Admin Reports
Plan/Environ
1. SUBJECT
Cooperative Agreement No. C -3 -2065 between the City of Orange, the Successor Agency to the
Orange Redevelopment Agency, and the Orange County Transportation Authority providing for
construction funding for the Metrolink Parking at the Orange Transportation Center.
2. SUMMARY
This Cooperative Agreement secures $16.7 million in funding from Orange County
Transportation Authority and $3.7 million from former Orange Redevelopment Agency bond
funds for a total of $20.4 million for the construction of the Metrolink Parking Structure at the
Orange Transportation Center.
3. RECOMMENDATION
Approve Cooperative Agreement No. C -3 -2065 between the City of Orange, the Successor
Agency and the Orange County Transportation Authority for Construction of a Parking
Structure at the Orange Transportation Center at the Santa Fe Depot station; and,
2. Authorize the Chair and Agency Clerk to execute the Agreement on behalf of the Successor
Agency.
4. FISCAL IMPACT
This Agreement provides for OCTA to reimburse the City and /or the Successor Agency for up to
$16.7 million and appropriates $3.7 million of former Orange Redevelopment Agency bond
funds for a total of $20.4 million for construction of the Metrolink Parking Structure.
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Funds are available for this project or will be available upon appropriation in the following
accounts:
550.9810.56020.09005 Reimbursable Capital Projects -
Metrolink Parking Structures) $16,700,000.00
944.9810.56020.09005 2008 RDA Bond Proceeds —
Metrolink Parking Structures $ 3,700,000.00
Total Funding $20,400,000.00
5. STRATEGIC PLAN GOAL(S)
2. Be a fiscally healthy community
d. Effectively manage and develop City assets.
e. Create an environment to attract, retain and expand economic opportunities.
Enhance and promote quality of life in the community
a. Refurbish, maintain, develop and /or expand public use places and spaces.
6. GENERAL PLAN IMPLEMENTATION
Economic Development Goal 2.0: Cultivate a business environment that is conducive and
appealing to the commercial and retail industry, including smaller entrepreneurs.
Policy 2.4: Maintain adequate infrastructure, transportation systems, and physical conditions
that encourage retailers to invest in the City.
Economic Development Goal 6.0: Provide sufficient infrastructure to support anticipated
economic development and growth.
Policy 6.1: Provide and maintain infrastructure adequate to support growth and expansion of
commercial, industrial and institutional areas, including water, sewer, streets, curbs, gutters,
sidewalks, storm drains, access, and parking improvements.
7. DISCUSSION and BACKGROUND
Background
On November 14, 2005, the Orange County Transportation Authority (OCTA) Board of
Directors adopted the Metrolink Service Expansion Program which authorized OCTA staff to
begin implementation of high- frequency rail service between the Fullerton Transportation Center
and the Laguna Niguel /Mission Viejo Station in Orange County, which will serve the Orange
Transportation Center (OTC). Under an agreement with OCTA, the City is currently required to
provide 300 parking spaces for transit parking at the OTC. According to studies prepared by
OCTA, upon full roll -of the expansion, approximately 500 parking spaces will be needed for
transit ridership at the OTC.
In 2009, the City of Orange ( "City "), and the Orange Redevelopment Agency ( "Agency ") entered
into a Cooperative Agreement for OCTA to fund design of two parking structures at the OTC.
Based on cost considerations and site constraints at the West Chapman Parking Lot, the location
of the proposed parking structure was reduced to one location at the Lemon Street Parking Lot.
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Discussion
The proposed Cooperative Agreement provides for reimbursement to the City and Successor
Agency for costs incurred up to $16.7 million for constructing transit related parking in the
Metrolink Parking Structure. The amount is based on engineer's estimates for a five level
parking structure consisting of about 611 parking spaces. Five hundred of the parking spaces
would be for transit related use (82% of the 611 parking spaces), and 111 would be available for
general public spaces (18% of the 611 parking spaces).
OCTA Funding Commitment (82% or $16.7 million)
The $16.7 million funding from OCTA would be a combination of Federal Transit
Administration (FTA) and Congestion Mitigation and Air Quality Improvement Program
(CMAQ) funds and provided to the City /Successor Agency on a reimbursement basis. The $16.7
million is anticipated to cover the costs of architectural and design services during the
construction phase, construction management services, and any contracts necessary for OCTA's
portion of construction of the parking structure.
Redevelopment Bond Proceeds (18% or $3.7 million)
The remaining $3.7 million to complete the City's share of the project will be funded through
2008 Redevelopment Bond Funds. A total of $4.5 million from 2008 Redevelopment Bond
Funds has been approved as part of the City's Seven Year CIP budget for FY 13 -14 through
2018 -2019. The additional $800,000 may be utilized for other site improvements not associated
with the parking structure, such as construction of a surface parking lot on a portion of the
Lemon Street surface Parking Lot.
Oversight Board and California Department of Finance (DOF) Review
There is a companion item is on the City Council agenda this evening. Upon approval by the
Successor Agency, the City and OCTA, the Cooperative Agreement will be submitted for
consideration by the Oversight Board and DOF. Under Assembly Bill 1484, Successor Agency
actions require Oversight Board approval which is subject to DOF review. Upon securing the
Cooperative Agreement approvals, use of bond proceeds will be available through the ROPS
process following issuance of a Finding of Completion (FOC) by the DOE It is anticipated the
FOC should be secured by mid 2014.
Environmental and project entitlements are currently underway and expected to be completed by
August 2014. Construction could begin on the project in 2015 and be completed by 2016 barring
any further delays by DOE
18. ATTACHMENTS
• Cooperative Agreement No. C -3 -2065 — �c Stc�,, -7- ,-
N: \STAFF REPORTS\2014 \0114146 -OCTA Coop Agreement for Metrolink Parking Structure Construction_SA.doc
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