HomeMy WebLinkAboutUpdate - Alessandro West Imprvmnt PrjctCITY OF PALM DESERT
MEMORANDUM
TO: John M. Wohlmuth, City Manager
FROM: Martin Alvarez, Director of Economic Development
jo—
DATE: February 25, 2016
SUBJECT: Alessandro West Improvement Project Update
Discussion
At the February 11, 2016 City Council meeting, staff presented the Council an update on
the Alessandro West Improvement Project. The City Council indicated that they wanted to
have an update at each meeting. Below is an update on the various components of the
project, including project schedule, project implementation, property acquisitions, funding,
and the formation of the property and business improvement district.
Project Schedule:
The architectural and engineering construction plans are now complete. The plan check is
now complete and the engineer and architect are addressing the plan check corrections.
The plan check corrections are scheduled to be submitted in two weeks. It is anticipated
that the project will be out to bid in April of this year and construction is scheduled to
commence this summer.
Project Implementation:
The City Manager recently held a meeting with Economic Development and Public Works
staff to discuss the implementation and construction management of several planned
capital improvement projects. The City Manager has assigned the Public Works staff to
take on the responsibilities of preparing the project bid specifications, bidding the project
and providing project management services. The Economic Development staff will
continue to work on project administration responsibilities such as coordinating with the
affected residential and commercial property owners in the area. In addition, the Economic
Development staff will continue with the responsibilities of forming the Property and
Business Improvement District to assist with the future maintenance costs.
Alessandro West Property Acquisitions:
A verbal update will be provided in Closed Session as these matters pertain to property
negotiations.
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Project Funding:
The Successor Agency, Oversight Board and the DOF have approved a reimbursement
agreement for the Alessandro West project which allows the City to expend funds to
implement the project and be reimbursed by Successor Agency Project Area 1 Bond
Proceeds. The Alessandro West Improvement Project currently has $2,100,000 budgeted
in the Project Area 1 bond fund proceeds.
Alessandro West Business Improvement District Formation:
In anticipation of the Alessandro West Project implementation, staff has hired Willdan
Financial Services to assist with the formation of a Property and Business Improvement
District (PBID) that would assist with the project's future maintenance cost. The PBID
formation will require majority of the commercial property owners to approve an
assessment through a balloting proceeding. Staff is in the process of developing an
estimated 5 year maintenance budget that will be used to establish the annual assessment
for each commercial property owner. Staff anticipates holding a commercial property
owners meeting in April 2016 to discuss the PBID formation and assessment. The
property owners balloting is expected to occur in May of 2016.
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