Waterfront Merger Redevelopment Project Area. Joint Public Hearing City Council/Redevelopment Agency Agenda Item 9.

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1 Waterfront Merger Redevelopment Project Area Joint Public Hearing City Council/Redevelopment Agency Agenda Item 9.02 June 23, 2009

2 Waterfront Project Area 3,420 acres About 8% of the City land area Project Area Boundaries Both East and West Complexes of the Port of Stockton as well as the greater downtown and waterfront areas Land Use 68.0% Public/Governmental 6.0% Industrial 4.7% Commercial Current Assessed Value $923 Million

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4 Purpose of Amendment 1. Merge three existing project areas 2. Extend time limits for West End I 3. Extend eminent domain time limit 4. Increase bond debt and tax increment limits 5. Add three parcels (32 acres) to the Rough and Ready Island project area 6. Update projects, programs and activities 7. Update Redevelopment Plans to conform to current Health & Safety Code

5 Community Participation Community meeting held in February 2009 Presentation to Port of Stockton Commissioners in March 2009 Newsletter mailed to all property owners on April 24, 2009 Notice of Public Hearing published in The Record May 11, 2009 May 18, 2009 May 25, 2009 June 2, 2009 Introduce Proof of Publication

6 Taxing Agency Consultations December 2008 and January 2009 Forwarded for review: Draft Environmental Impact Report (EIR) Draft Amended Redevelopment Plan Preliminary Report to City Council March 2009 Distributed Final versions of above documents Placed phone calls to offer additional consultation to taxing agencies

7 Commission Recommendations Planning Commission January 29, recommended adoption of West End I Extension April 9, reported on conformity with General Plan; reviewed and recommended adoption of Amended Plan Redevelopment Commission April 6, recommended adoption of the Report to Council and Amended Plan

8 Report to the City Council Reasons for Redevelopment Efficiently coordinate Redevelopment activities across three project areas Integration of added area Extend time limits for West End I to build upon waterfront investments Update public improvement project list Enhance financial capacity and improve ability to implement projects

9 Report to the City Council Provides evidence that significant blight remains West End I area Merged Project Area Blight cannot be eliminated without: Merging project areas Extending eminent domain authority Increasing debt and tax increment limits Extending plan effectiveness and tax increment receipt time limits for West End I

10 Report to the City Council Establishes that the 3-parcel 3 Added Area is urbanized and blighted Shows that blight cannot be eliminated by private enterprise acting alone Demonstrates that the redevelopment program is economically feasible

11 Report to the City Council Programs and Financing Public Infrastructure Projects $8.48B Traffic congestion, infrastructure upgrades Community Facilities $0.80B Commercial Rehabilitation $2.99B Façade ade improvements, industrial development, site preparation Affordable Housing $3.46B

12 Future Tax Increment Revenues ($ Billions) $2.28 $11.55 $3.46 Taxing Agencies Affordable Housing Capital Projects

13 Report to the City Council Other Items Relocation Implementation Plan Taxing Entity Consultations Environmental Impact Report

14 Environmental Analysis Program Level Environmental Impact Report (EIR) More detailed analysis (not project specific) of Waterfront Master Plan project areas Notice of Preparation/Initial Study Draft EIR Recommending Certification with Alternative 4 No Residential Development on Peninsula Site Future projects will require CEQA review

15 Requested Actions Close Public Hearing If no written objections received: City Council: Certify the EIR Joint City Council and Redevelopment Agency: Adopt California Environmental Quality Act Findings

16 Requested Actions (Continued) Redevelopment Agency: Approve and authorize adoption of the West End I 10-Year Extension City Council Consider Ordinance adopting Amended and Restated Redevelopment Plan for the Waterfront Merger Redevelopment Project Area

17 Next Steps File Notice of Determination with CA Office of Planning & Research File Amendment documents with taxing agencies as required by California Redevelopment Law Ordinance becomes effective July 9, 2009