Title:
Title
(Pass for Publication) Second Amendment to the Greenbriar Development Agreement Regarding Timing of Payment Toward the CFD 97-01 Catch-up Fee and Sacramento County Radio Tower
End
FileID
File ID: 2019-01853
Location
Location: South of Elkhorn Blvd, West of Highway 99, North of Interstate 5, and East of Lone Tree Road, District 1
Recommendation:
Recommendation
1) Review an ordinance approving the Second Amendment to the Development Agreement between the City of Sacramento and the Greenbriar Project Owner, LLC; and 2) pass for publication the ordinance title as required by the Sacramento City Charter section 32(c) to be considered on February 4, 2020.
Contact: Mary Jean Rodriguez, Program Specialist, (916) 808-1980; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance
Body
Presenter: None.
Attachments:
1-Description/Analysis
2-Background
3-Draft Ordinance Approving Second Amendment to DA for Greenbriar
4-Exhibit A - Second Amendment to DA for Greenbriar
Description/Analysis
Issue Detail: On May 30, 2017, the City Council approved a number of actions to approve the Greenbriar project, including the Development Agreement for Greenbriar [P11-093] (City Agreement No. 2017-0850; the DA) and amendments to the Greenbriar Project Public Facilities Financing Plan. The DA was later amended on November 28, 2017 to change the timing of a payment to the Traffic Congestion Relief Fund (City Agreement No. 2017-0850-01).
Under the DA, the project owner and developer-The Greenbriar Project Owner, LLC (the Owner)-agrees to pay the following:
* $120,000 to the County of Sacramento (the County) to defray the costs of constructing an 880-megahertz radio tower.
* A "catch-up fee" as the project's contribution to the cost of drainage facilities to be constructed in 2020 by Reclamation District 1000 (RD 1000) with funding from Community Facilities District No. 97-01 (CFD 97-01). Because the Owner will pay the catch-up fee, the...
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