City of Sacramento header
File #: 2020-00023    Version: 1 Name:
Type: Public Hearing Status: Agenda Ready
File created: 1/3/2020 In control: City Council - 5PM
On agenda: 2/25/2020 Final action:
Title: Second Amendment to the Greenbriar Development Agreement Regarding Timing of Payment Toward the CFD 97-01 Catch-up Fee and Sacramento County Radio Tower (Noticed 01/24/2020; Passed for Publication 01/28/2020; Published 01/31/2020) [Continued from 02/04/2020]
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Title:
Title
Second Amendment to the Greenbriar Development Agreement Regarding Timing of Payment Toward the CFD 97-01 Catch-up Fee and Sacramento County Radio Tower (Noticed 01/24/2020; Passed for Publication 01/28/2020; Published 01/31/2020) [Continued from 02/04/2020]
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FileID
File ID: 2020-00023

Location
Location: South of Elkhorn Blvd, West of Highway 99, North of Interstate 5, and East of Lone Tree Road, District 1

Recommendation:
Recommendation
Conduct a public hearing and upon conclusion adopt an Ordinance approving the Second Amendment to the Development Agreement between the City of Sacramento and the Greenbriar Project Owner, LLC.

Contact: Mary Jean Rodriguez, Program Specialist, (916) 808-1980; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance

Body
Presenter: Mary Jean Rodriguez, Program Specialist, (916) 808-1980, Department of Finance.

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 (Owner)-agrees to pay the following:

* $120,000 to the County of Sacramento (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)...

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