Staff Report - Agenda Item 4.C.7.

Agenda Item – 4.C.7. CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY CALIFORNIA RECYCLE UNDERUTILIZED SITES REMEDIATION PROGRAM Meeting Date: November 19, 2008 Request Infill Grant Approval Prepared by: Center for Creative Land Recycling (CCLR) and Dona Yee, CPCFA Applicant: Developer: Project Name: Project Location Capitol Station 65 LLC Capitol Station 65 LLC Township 9 Sacramento (Sacramento County) Type of Funding Requested: Grant Amount Recommended: $550,000 Strategic Partner: CCLR Summary. Capitol Station 65, LLC (the “Applicant”) requests approval of a grant in the amount not to exceed $550,000 to finance the remediation of a brownfield located at 424 N. 7th Street in Sacramento, to develop Township 9. The Applicant anticipates the Project will create 90 affordable rental housing units, including 71 at 50-60% Area Median Income (AMI), 14 at 40-50% AMI, 4 at less than or equal to 40% AMI, and a manager’s unit. Applicant. Capitol Station 65 is a for-profit developer in Sacramento established April 4, 2000. It is a limited liability company between NVI, Inc, which is owned 100% by Nehemiah Corporation of America, and Invision Holdings, which is owned 60% by Ron Mellon and 40% by Steve Goodwin. The principal stockholders of Capitol Station 65 LLC are NVI Inc. (70%), Invision Holdings (30%) total of (100%). Legal Questionnaire. The Strategic Partner and staff have reviewed the Applicant’s responses to the questions contained in the Legal Status portion of the Application. No information was disclosed that raises questions concerning the financial viability or legal integrity of this applicant. Brownfield Project Description. The subject property has been used as a cannery since the 1930s. In the 1990s, underground storage tanks were removed with a no further action letter issued by the oversight agency. However, the no further action letter was not based on a residential standard and recent tests indicate that the level of gasoline and benzene may have increased under the site since the no further action letter was issued. Description of Activity Pretreatment Sampling Confirmation Remediation Pilot Testing Ozone Sparge System Monitoring and Sampling Project Management/Agency Fees Soil Disposal/Removal TOTAL ESTIMATED COST: Amount Financed by Infill Grant $ 33,000 22,000 286,000 33,000 33,000 143,000 $550,000 Oversight Agency. County of Sacramento Environmental Management Department. 1 C:\Documents and Settings\wmccormac\Local Settings\Temporary Internet Files\OLK48D\APP007 - Township 9 Project Summary.doc Agenda Item – 4.C.7. Infill Development Project Description. The Infill Development Project is a 90-unit affordable housing project (including one manager’s unit) on Parcel 11C of the Township 9 master-planned community. The project will consist of 89 affordable apartments: 4 units at 30% AMI, 14 units at 50% AMI, and 71 units at 60% AMI. The project will be a five-story building containing oneand two- bedroom units over one level of underground parking. Township 9 is a 65-acre, urban scale, mixed-use, transit-oriented master-planned neighborhood consisting of 2,350 dwelling units, 800,000 square feet of office, 150,000 square feet of ground floor retail, and more than 20 acres of open space north of Downtown Sacramento. An extension of Sacramento Regional Transit’s light rail line to the site is scheduled to be completed in 2010. Immediate access to the regional bicycle network is also provided via the Two Rivers/American River Bike Trail which borders the site to the north. Juxtaposed to the large employment base in the area, there is virtually no housing in the District. The only existing housing is Dos Rios, a 100-unit public housing complex. Such being the case, the jobs-to-housing ratio in the District is extraordinarily high at more than 40 to 1, the highest in the Sacramento Region for an urban area. Development of housing at Township 9 will help to create a more balanced mix of jobs and housing and will create many opportunities for the use of alternative modes of transportation to the automobile—walking, bicycling, light rail transit, and bus transit. Permits. The Applicant has not yet applied for the three permits which will be required to construct the project, which are the Final Map based on the approved Tentative Map, Planning Director’s Review for consistency with the Planned Unit Development (PUD), and a building permit. Anticipated Timeline. • Cleanup to Begin: Early 2009 • Cleanup to be Completed: Fall 2009 • Development to Begin: April 2009/Fall 2009 • Development to be Completed: March 2011 Local Government Support. Township 9 is consistent with the Richards Boulevard Area Plan, Richards Boulevard Redevelopment Project Area Plan, the City of Sacramento General Plan, and the Sacramento Regional Blueprint. The plan for Township 9 was developed with extensive community involvement that culminated with a land plan endorsed unanimously by the City Council and by leaders in the community, including the Save the American River Association which has lauded the project for its sensitivity to the natural environment of the American River. Several letters of support have been received for the project including: Local Community Support. • Warren V. Truitt, President, SARA (Save the American River Association, Inc.) (A-1) • Pat Fong Kushida, President/CE, Sacramento Asian Pacific Chamber of Commerce (A-2) • Annemarie Vincent, Senior Policy Manager, Breathe California of Sacramento-Emigrant Trails (A-3) 2 Agenda Item – 4.C.7. • Azizza Davis Goines, President/CEO, Sacramento Black Chamber of Commerce (A-4) • Walt Seifert, Executive Director, SABA (Sacramento Area Bicycle Advocates) (A-5) • Mike McKeever, Executive Director, SACOG (Sacramento Area Council of Governments) (A-7) Government Officials Support. • Heather Fargo, Mayor, City of Sacramento Office of the Mayor (A-9) Application Score. The project earned a score of 100 out of 120 points in the following categories: (a) Readiness to Proceed. TOTAL - 30/40 (1) Applicant has demonstrated that environmental review can be completed and all necessary entitlements can be received from the local jurisdiction within two years if receiving the award - 10/10. The Project EIR was certified in August, 2007. (2) Funding commitments are in place, or financing applications are under review, for the Infill Development Project -10/10. Funding commitments totaling full construction costs of $19.5 Million are committed or under review. (3) The Infill Development Project has local community and government support 10/10. The Project has garnered many significant community support letters and a letter of support from Mayor of Sacramento Heather Fargo. (4) Cleanup Plan has been approved by Oversight Agency - 0/5. (5) Applicant has building permits, and all other governmental permits (i.e. encroachment, ROW, etc.) in place or under review - 0/5. (b) Location within an Economically Distressed Community. TOTAL - 30/30. The Project is in a Redevelopment Project Area. (c) Location within a Priority Development of a Local Governmental Entity. TOTAL 10/10. The Project is considered a priority development area by the City and is consistent with SACOG’s Preferred Blueprint Scenario map and goals. (d) Depth of Affordability. TOTAL - 5/10. 20% of the Project’s 90 units are restricted to residents at or below 50%AMI, which is above the 15% threshold for 5 points. (e) Percentage of Affordability. TOTAL -15/15. 99% of the Project’s 90 units are Affordable, well above the 50% threshold for full 15 points. (f) Utilization of Green Building Methods. TOTAL - 0/5. 3 Agenda Item – 4.C.7. (g) Cleanup Plan for the Brownfield Infill Project does not require Ongoing Operation and Maintenance. -TOTAL -10/10. The Project’s Cleanup Plan does not include any Ongoing Operation & Maintenance. Tie-Breaker. (a) Total Brownfield Infill Project Cleanup Plan Cost: $550,000 (b) Total number of residential housing units produced and/or promoted by Infill Development Project: 90 units (c) Tie-breaker ratio [(a) / (b)]: $6,111/unit Financing Details. • Amount of Overall Financing to be Leveraged: Total Project Cost = $19,502,243 Total CALReUSE Infill Grant Funding = $550,000 CALReUSE remediation funding is leveraged 35 to 1 • Sources of Financing for Brownfield Infill Project: CALReUSE • Sources of Financing for Infill Development Project: Homebuilder Financing grant, Sacramento Housing and Redevelopment Agency loan, US Bank loan, Net Operating Income (NOI) during lease-up, Nehemiah Community Reinvestment Fund loan. Staff Recommendation. Staff recommends approval of the attached Resolution for Capital Station 65 LLC and/or its affiliates for an amount not to exceed $550,000. 4 Agenda Item – 4.C.7. A RESOLUTION OF THE CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY APPROVING EXECUTION AND DELIVERY OF GRANT FUNDING FOR CAPITOL STATION 65 LLC CALIFORNIA RECYCLE UNDERUTILIZED SITES REMEDIATION PROGRAM November 19, 2008 WHEREAS, the California Pollution Control Financing Authority (the “Authority”), a public instrumentality of the State of California, is authorized by the Regulations adopted to implement and make specific the statutory provisions of the California Recycle Underutilized Sites (CALReUSE) Remediation Program; WHEREAS, the statutory provisions of the CALReUSE Remediation Program authorize grant and loan funding for the purpose of brownfield cleanup that promotes infill residential and mixed-use development, consistent with regional and local land use plans; WHEREAS, the Authority solicited applications for the CALReUSE Remediation Program and such applications were evaluated and scored pursuant to the Authority’s Regulations; WHEREAS, Center for Creative Land Recycling has submitted an application for the CALReUSE Remediation Program for a grant in the amount of $550,000.00 for the Township 9 Project; WHEREAS, the Strategic Partner Center for Creative Land Recycling has reviewed the application and determined to recommend Township 9 Project to the Authority for funding consideration; WHEREAS, the Authority staff has reviewed the Strategic Partner’s recommendation and has determined to recommend the Township 9 Project for funding; and WHEREAS, approval of a grant for the Capitol Station 65 LLC (“Applicant” and “Grantee”) by the Authority is now sought; NOW THEREFORE BE IT RESOLVED by the California Pollution Control Financing Authority, as follows: Section 1. Pursuant to the Regulations, the Authority hereby finds that the Township 9 Project (the “Project”) is eligible for financing and hereby approves the grant described in the staff summary for the Project described in the Applicant’s CALReUSE Infill Application to the Authority. Section 2. The Executive Director is hereby authorized for and on behalf of the Authority to take all steps necessary with respect to the Applicant including notifying the Applicant that its Application has been approved for funding, preparing a commitment letter that contains the terms and conditions of funding for the Grantee, preparing and executing the final form of grant agreement and disbursing funds pursuant to the grant agreement and the Authority’s Regulations. 5 Agenda Item – 4.C.7. Section 3. The Executive Director is hereby authorized for and on behalf of the Authority to approve any changes in the Project described in Exhibit A of the grant agreement as the Executive Director shall deem appropriate and authorized under the Regulations (provided that the amount of the grant may not be increased above the amount approved by the Authority). Section 4. The Executive Director is hereby authorized and directed, for and on behalf of the Authority, to draw money from the Proposition 1C (2006) funds allocated to this Program not to exceed those amounts approved by the Authority for the Project approved in Section 1. The Executive Director is further authorized and directed, for and on behalf of the Authority, to execute and deliver for the Project identified in Section 1 any and all documents necessary to complete the transfer of funds. The authority of the Executive Director is limited to payment of claims made by the Grantee in accordance with the Regulations and the grant Agreement. Section 5. Any notice to the Applicant approved hereunder shall indicate that the Authority shall not be liable to the Applicant in any manner whatsoever should such funding not be completed for any reason whatsoever. Notice to the Applicant shall include a provision making it clear that continued funding under the program is not guaranteed but is entirely dependent upon funds being available to the CALReUSE Program and the Grantee continued compliance with the grant agreement and the regulations governing the CALReUSE Program. Section 6. The Executive Director of the Authority is hereby authorized and directed, to do any and all things and to execute and deliver any and all documents which they deem necessary or advisable in order to effectuate the purposes of this Resolution and the transactions contemplated hereby, and which have heretofore been approved as to form by the Authority. 6 Agenda Item – 4.C.7. EXHIBIT A TERM SHEET Name of Project: Maximum Amount of Grant: Strategic Partner: Grantee: Financing Structure: Maximum Grant Term: Oversight Agency: Township 9 $550,000 Creative Center for Land Recycling Capitol Station 65 LLC Grant Not to exceed 6 years from first draw on funds County of Sacramento Environmental Management Department Township 9 424 North 7th Street, Suite 200 Sacramento, California 95814 The Infill Development Project is a 90-unit affordable housing project (including one manager’s unit) on Parcel 11C of the Township 9 master-planned community. The project will consist of 89 affordable apartments: 4 units at 30% AMI, 14 units at 50% AMI, and 71 units at 60% AMI. Project Location: Infill Development Description: Project: Description of Activity Pretreatment Sampling Confirmation Remediation Pilot Testing Ozone Sparge System Monitoring and Sampling Project Management/Agency Fees Soil Disposal/Removal TOTAL ELIGIBLE BROWNFIELD INFILL COSTS: Estimated Cost $ 33,000 22,000 286,000 33,000 33,000 143,000 $550,000 7 Agenda Item – 4.C.7. Attachment A SA JlJ::, THE AlJ.1ERlCA • RIVER ASSO'JA TJON, INC. 1'.0. BOX J t i t . ~Cl't4 • CA '5n7-7Mf • (9/~ jf1>lrlU Fsbnwy 18,2005 ~t mi!rely the tIlO!ll proJitlib\c! one - to tlltlllive I'I!lIpectful p1'l1jiect WII1d be propasi!d in I!> pba in th!! yeam ahead. Thls !be' ,t project at ~ ~ lime [or IhlIln. Wbilil ~ =unity SARA urges yOll to m~e. _Towl\$hip 9 ""I of yOLU top pdoIltll!5 ;u; .our pun;UC8 the ~t opportumtles prov1ded by Ihi& bQInd ftgd"!S. = a::tamIy mote than one qwUity proi~ u.".d.e.-way oW'dly, 2:Y'~~T W_V.TtulIl c; }"N1 ~ent,SARA 1 etJb3, Califom.la Housing md. CD1JUIlunily ~opme1'Ill:lepartment Cit, lRund.l 1'I9t. ..." of SO=J1nonto A-1 Agenda Item – 4.C.7. Attachment A .' • • cram,ntQ" sacasi an C C. 0 rg rel:ru")' 14. 1llO1 ThIl.~ AstAN PACIAC DM Dr oj eamm.Q1'ejj V"i1lr.; Citr S~ 9J 5 r Simi\, 5"" Pk>.r Il~ CIty HAil .r S=ule1TtD Hoalhar PUS" So=mento, CA 95114 r If.:.>.)'1lrl\qJ: I/J' Cho 9,*1< clCIllllomill mo,~ qllioklr to di!llrDJ.. ~ fram t!IiO .... Ilu" ba:& of1005" S"'l11nllllll. IIlI ~nity to "'" 1h..o !l> [,-.*10 .c."".. Ie.>tIriiy..... I faDes with the City bud hallan 0....1 . nl IV""I llO'd C t)' tDmm.un~_ NOII!l .~m"", ~ ~ \'I~llIril in p op . 1co:D111OOSI"$ llIIlrlltlal1d tho ,,,,..idOll bY r.I1i. fdOlItial fundmg is .v", lundins Ihlt is in Ih.o b",t into=t cur..' '* AI!l«l\I ~ CI\)"1 top pno. I~ lbCllld b r""nship 9. In ..milia. 11> bein;;. n.li!lllll m fer lnil lnII8!Hlr_ df\\lJopmiat ·:l'".nd commanity RJpp!Xt. To"... bip 9 I. ready 10 ""Jill On.,tnriao.. W~h. portion aflbe lundinln•• n. ~ SI.c 100, lc'" . 9 CU dali.,..1l1I miDao'" icirG:roobJ'" .niIAn In J 350 oouiin, Mw..fi . band lundlnl would .lgw C11I'1lIhlp 9 to D1O,.. lIheo j.b ,",,!!Iiun ondiIg as • moo... of i1IImll& CI>llII._ tD'.. Willi. CiI7 h", multipla ~ 111. "nlibl.. --.n bmo61..... 1IWlI bond &nIIinJ Ii>r · ... ottIL.Cil1 ~lln oula! thl, P .!i"rt' ""r pano!oura;)glmuDlo/. b;mddoll.... TI nk fnr~ . IrorlhaScnm!1llDA.i"""""'ifi.ChamberofCo~ Town 'phl'C_1 n&, On . IUT!"-yeoo.lld , at _ 1W-1>i1~ ~ Oli! Ktihld.n P'-ntl(]i; "": 1->'1" /lCIlbt. oir_. C.JiEamil and C¢rollltmJ1y tlovelo . Of 56c.1'4l' to C1ty Oi)Idc.il 'nl D'»"1I1loll1 A-2 A-2 Agenda Item – 4.C.7. Attachment A ' _e..",.. ". -~ ~..,.,I ~ ­­ ... mf~~~tI~ ""0-....._'-_ ----_.­ -- lI'._.._ ._....__ -- -_. -_--......"--- _ , -- ....- _""- -.__ _-_ . _,. .. "'_ -- ..._ ""'- _........._-..,_ -." _ ",",-,,,,__,,_"'T_,,,,_,_,, --­ -_.__ _.._-.. _ -­ ...-_--__..._.­.. ..-_........ ... _ ...... -- _..... _-_... _,__ ...... ...... . . -- ---_..........---_..__..­. --- --_ _._-_ -- ...._._-----_ _....... c::=-_ __ ....-_ -- :-:-=--:.::-o:::::::.. _-_ _."-,-- ..._..._.. ........_- "--- ....-_...._ -- ..__. _............. -­ .--. .-0 '" _,m .... " c_ -. ....- '" _ , - ...0 -~ -------~_ ..,- ~._-_ =~~=:== . " " ' .. _ - - _ .. _ ..... y . . . . , - , ­ ' 'C ."........,... .-r-."" _ .. __ .. """"'-,.. • c,.. _ _ .. _ ..._ ... _ _ ........ IJI'~=-= A-3 A-3 Agenda Item – 4.C.7. Attachment A Dlit-'lIIelUO _ ~: "T.tXIN(JQiREO Iioo 1I>o!laf !@I, ICtol! • e q . 1111 's tblJ1msiDI: Ulna bUll CD1 efOl:l:lMY.1D1t lbe·!:iCr bY 11", l'(;jJlttJiJjl)"~Prop Ie _o!o I: i/O.. lir. prtlj_" mJdl~,II1~>YO. 'Th. CllJTormr'~ slrW!3:I' 1< .. 1lli 'Ue~ tiIrd5 it:k1l' ifl"lHl~JOOs, md ~ttle ~[WJnl}'- ]D OOf DJ.&II~ lINt. r"'1J"'" l1li1...",1.., Jill tUl~ I"'" """l~ .. to<. ~. .- T...... .t1\p~.....u it&_ ,...tlr" ....... Ilm UOoI......,.jir'!'l i.O>o1.~ r -aillll'~""1~.11vN . • ImlNtIlIJ'* "'!10k flII ~ oli)' ,WioIob' lbo ]:<~. - ~ \ ~ 10 "'.... ~ ~ 0Ill1....-ir Thl< InItbl "lIII: ..wid ~ III. _.IIM fOr lilt",••",,,,,"1 !i\'utJltl illI!IW 'WCfI: UIli IliC r.nc; rx;w- (lr~. ~ <:; ~I 'IIfi M doU.... 1bo hi7' IMIw'o forn-...... 11IaI1_lICI It~ D""I.nnL IIIb cmilDt, ''i\'!l yl~ Iow:mlp 9'115 1l1lll1J~ ~L 'IW'~ ~ ~r Dl:itrl~ 1lfI:I, DaMlbltML ~HfI!:HIn .m ~job<. Iml, iii k: tuddillon 'k> bdn~ (IJ1!\k'~ d! fun nwD; ~ ~iIi,,",~ AI, ~ - ~. n....,...~p ~w ",il~~'!R-" ~..u'sl or 1_ ~ lIf!nIi I lDlmn10f fimlin.l ...Uohl.fiJr tho olIy;., RGIIImt urQJllity ~ 1h5t the Cily'-,.- pp~ Ir'ltlude Ilf ~et.s Ie fUrdng tllill gD farth9slll00 1J'l ,. !:iln oar)!! <:&1M """thin - short l'I'l~tall'l1!! WP., b!lleYe ~ - 11m -Ill import m cril8ria 0 T , . lMtT. 1lU..... - . 11m' .W' /;Oil 1h ~ A "'*"*" :rk PN~d! tor SaaBmento It ~i11 IJi an b9Iw1! - n d ¥olom am 1he Ridh&d, BouliJ\'EIId area a1d SCCIlslllo Ihs ri~'aI'. '$ r ""ill b fit oJ I gtrt rail. 'b S!!fW:e, pade ns an;! "iSts all TlToUgh ~eilty de9lg". W1'IId"l !l bl!!!!n recCOJfllzed by . U_S. ~- i'l B<.li rill CoundJ end pltl~imitY IX> oon, the pmj3Cl 'Ioill 6fIalIJfll1l8 pVl;lpl. Q . and __ If!!ll'l$it '. 9 is- I lmp::rti3nt ~. .aiM . - City c P _alh s pro}=ct e rell 'I by ~ing TOWf\$hip B in fUllinIjj ~lit:;;liorIooe Support TO'\'~ 9 would providl!l Clfy w1111 e pro, Ihsl III rl thi$ woLild €I leaYe ionel monies. a\'aiIable to fun;j POi , illlowtrg the City 10 jflfMI i'l'lutlfile projects oog b 1h.e benB1il of the 00IIli ~ '1. f~ the.se rl!l ::ms, WB urge you I!l sup,port Towlllihip 9 during tliis f"OOI:s.s A-5 A-5 Agenda Item – 4.C.7. Attachment A $ABA is an;tW'ilrd " '. non . ih;J _ on I lore than 1.400 membsf.l;' Wft 6>9l1t bicycilrt:s. OU" -im Is more Wid ~!!ler trips by' . We're \!lOi'I<" _ for a ii.rt\Jre In IWrith bicycling for 9~ lRIritsJXlllstion iii common . QIlI.JEeit Is sa IXlf1 • nt and' sills'. Bi d afl!!'!I~ ~ . sst, most ilnergy form c1lranspo DC: JalXlli~ CQJifomls Houiiligl _ Community De'l'l!lopm.snt A-6 A-6 Agenda Item – 4.C.7. Attachment A S~l1!eJ1tto Al"J:lik ),I, II.rl.1l1w L b(: t.v!.lnd of 1m Bti S'.I!htNO .~ b.t:J. !WI. --'" r.. IAtt:tlL]U 121 UI lZlMU tt, ]i!L';.s] M"I,JI[W H¢i1iJer l"RrgD City ofs-..mcoto, CiI;y ~ll 9lS LSII'm. ri:fih Floor SOJ;mJJ1=, CA. 9581 T II wri1!lll& illis Idlm Q~hlllI,o£ ~~ '" i!fOOIlell1Q iIrclI Gooncil of Goysrn~1lI (SACOO) ID·Uj;I!Ji! ; QII[ llQDliI1tliD,lt Alppoot fm the ToYm&hip 9 projact, III!Id 1D i:flCOu~agB 111l!l C:i1Y 10 Ilppl)' 10 !lu!I Hoomll3 I'Ild CgmmllDiIy DeveJopmeDl Department for ful!lMtg on~ tm~Jl-e. cost. lIJlC!.r 1'zllpoiiti~ I C. Ar, the ~ivc director ofSAOOG. I ~bmittc.:l 1;) i1!1fi City ofal BoL! wri!'lell rnJmQt1y in 11IijlJ100:t of tI1io ~~duJicg the cntitlmlBDt~. I U!l~"tli! tl:!bt th" proj~ hB.s now R:ccivcd [1lI cotitlcmenls from lIte City !iIi! is ..eildy'lI;I n>:'I"" fOrP.!;,It!, blrrillil dm>u 110 ~willits 10 cbal~ 1b~ City's aJijiro'l'al • Ip 9 ~!bo pomnilallo b~ Ibo fu$'I majw1Rn;;it-ari=Dt:d ~mcnt comttucto:l iIllJle City'B dowmawll _ aQ(! .....111 kiclc..l'tltrt d••~J~cmti Ib= Ricl!lDrdS Boo1cva:rd area.' OClllsldtI:iowflBblp ~ & prlm~ miaTt1P • oflbe type of ~ jI'.'IJII prop SACO::ve.l~ml!a'1111t tit jOW!l ... ..... ~ tl tJa*o.::.-;r 0:",... City., .- -­ lIN ... ....... ...-~ ...... ~,I'A.) SIi:ll"~ TIte Bluqui.n! till foJ' e.a¢m:rng fl. !lRi!!r i111WIUlH>f 1':8" . ~1Iljl!ct)'IIlCO~ rwil, llll-ilimusln wiWl!I 01 eot'l guOli$ to 11X1 ~['; ~tibi!I1 wOlprint to Tl:~ mbaR ~lll,.,il ~d pt'Otect opel> !lJl~ &00 a,gtloull!luflllflild wibhi.ll \he ~~r S!l.eIom Ito reg-OIL The project meetB th~ objedlve by • 'mg l1'8"Jltr d:llm;ny I.UOOll lk~llfllllCnl with luidJ:.nD&1, office S]!Id. mal! ItSGS WI <:Io&!l !?"j»);imlty 10 ~ dOWiltownllriHm C:lDlcr. lJ> pm1:iol,!.l!1f. lIIe projCl'1 propcc;a; dcY'dopmcma of Rpproxi!lll!rtcly 2.3511 'l!~I/l~l1th!l1!-j]i:ta of VllIi,Q~ BiOi typI:I, i00llldil1~ IIpllf1mCJI.ti, can. mnlre the projret id~l fico- lI11y l~ 'of bQ1l$.balg inol!.l!i'in.e: "aupiea. small farni}j~ o:iBgl~ working pIma· llIl&I~, mm01S lit'lL! O'lIier f!Jmi1y S"ro1!P&. "The ]lRlilQll:Q pro- ~t Viilllocatc tP.e;e 2.,151lRl~idectlBlllll I!lll~a:r app=-lrn"1l!Il)· a3$1',62e; $","""" f~ol of offICe, SpMlC BJI.d i 6,194 sqIllll'e fMt a[rea!VtellllalLt'IIIlUpao", --- ­ A-7 A-7 Agenda Item – 4.C.7. Attachment A M~YQr bmliJe "YIEI) poz,tte ,2 Fobruay 13,2008, This mix ofU8C:l1 willi hi: ioonedI mljllC!mt to the . mted Downrown-NIIWIll12I:S-Airpoct (DNA) lighi ra.iJI Lillee Illl!J th~ projcm illcLwC:lI dlmSiticB Df ~~rmd offi~ clCvclopmcmt ffJ would 5~Pon 11JC ~iliIb:iH~ of OOJIlilruC11iDg llf line. The pIqI(lloCd lig t Ii '1ILnll extmll:ign lllQp:roYidCll!J. >' ·c_ I}QJU]~~ ibc1:'IJoo~cn dlc llIT!io::t iirClI. an,;j th~ ,[IoWlJb;Jwm ce • allo",";~. =:t ili;ICe.. W' '~I!! 'rniilkJ 15 to OO'ND1:OW'D t:mplF,lyme11 ~d ~ 'f'e. llib!l.ll OO[l ~towD aJI!o!l, ill ong Ib pnlt eel - . . tbe 'oflb City. The To ip 91l"Ojcctis f'/!;idy ICI agill W, S10prnBnt and l[o IDClL!ioo ncaf the dBWrIkJwn UI .D core and adjaclmt ro the 'proJlJClllCd Ii lIt raiL liJMl cx1rn9ion pro C·;ty"9 gool ofTCVilllllizillg lil~ ~ City so viable 1ivi g, ~ I lib .pinS g _ ,~lnl1 l' Bll~irol1lm am of 1bf1 Cl!y"& ~ls •. tfI d8Velop the do .' fcqwadl (;0 !:MillS dJ,y~~Dr !he 1'Gwn5'hip 1;1 pmjeDt]1I'l1i;~'9, 1 eae'C!f~ e;ncotmlge; lhf!J ClIy to JID.l'Il!.1l! Sta1~ 1\i1:Joiiin8 lbmu:.!!.b f!~I:&Liol'! 1 ill oi:'dl!r to rna d\!;\J~opmellt I!lf(J Is JltQjl!lCt a. 8 ty. Si\COGI Mik~ ~{ItIK.t!e'Mr !Bxil\cum DltecOOt' A-8 A-8 Agenda Item – 4.C.7. Attachment A --- . --T_.. . . __._ _ .... ..- ,_.... _ __.....,_. .- . . . _11;_'*_ _ _ __......._._. _"._- . _ --_._--., ,--_--..._--t_ ... _--_ ...... _ _.. . _ft ... _-- ..... __ .. _-_ _ .. _......... ..__ . _ . -_---...._ __ ....._..... __._ _--_ ... ---- __ . _-----_._'C_. -. _ _n _.'-;::" . ""-, ""' ClIrr ..- . _ .. _ ...... ~_·_,. _.- ern' OF SACRAMENTO ~ _.- ""_ .,.. n ... ft " " _ ........ " " " ~ _ , _ . _ """" . . _ ... """,, _ _ . _ . . .... ... _ .... ... c . - _.. w:. _ _ t_, ... _ , ..... _4>.000_,=_.""",... _ O ~ ' _ I ......., _-"' •• _-.....-_ - . .. _ ,ft' T_'.. .. _ :=~=~ .. .... ~,..--_ .._._.. ' • _11oo "-_. -::-~~:- ..... _ _ ,_ _. .... r... •• .... _._..__ ..... --_._-A-9 '~_.­ •