MINUTES OF BOARD MEETING BOARD OF DIRECTORS CAPITOL AREA DEVELOPMENT AUTHORITY CAPITOL AREA COMMUNITY DEVELOPMENT CORPORATION.

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1 ITEM 1 ROLL CALL MINUTES OF BOARD MEETING BOARD OF DIRECTORS CAPITOL AREA DEVELOPMENT AUTHORITY CAPITOL AREA COMMUNITY DEVELOPMENT CORPORATION February 24, 2017 Chair Bailey called the meeting of the CADA and CACDC Board of Directors to order at 9:01 a.m. at th Street, Sacramento, CA Present: Absent: ITEM 2 APPROVAL OF MINUTES: JANURARY 13, 2017 AND JANUARY 27, 2017 Member Lagomarsino moved approval of the January 13, 2017 and January 27, 2017 Special Board Meeting minutes. Member Smith seconded the motion. ITEM 3 CHAIR S ORAL REPORT No report. ITEM 4 EXECUTIVE DIRECTOR S ORAL REPORT Wendy Saunders reported the following: She welcomed Kevin Ferreira from the Building Trades Union. Staff met with Mayor Darrell Steinberg to offer potential assistance in connection with the Mayor s initiative on homelessness. CADA s rooming house at 1619 Q Street might be suitable housing for the homeless, so this may be something to discuss in future. She is participating in the City s Downtown Specific Plan, and a component of the initiative is a market study. According to the study, downtown housing and demand shows that only 6% of people who work in downtown actually live in downtown. There will be a downtown employee-wide survey in March. The Downtown Sacramento Partnership and Midtown Association will be participants in the survey. The CADA workshop will be postponed to another date to allow time to develop this information. A late agenda notice for today s Special Meeting was sent to the Board yesterday. The Special Meeting will convene after the close of the regular meeting. ITEM 5 MIDTOWN ASSOCIATION ANNUAL REPORT PRESENTED BY EMILY BAIME MICHAELS, EXECUTIVE DIRECTOR OF THE MIDTOWN ASSOCIATION Emily Baime Michaels, Executive Director for the Midtown Association (formerly known as Midtown Business Association), gave a presentation on the organization s Annual Report. ITEM 6 [CACDC] ACCEPTING APPOINTMENT TO THE BOARD OF DIRECTORS AND APPROVING OFFICERS Staff Recommendation: [CACDC] Staff recommends the Capitol Area Community Development Corporation (CACDC) Board of Directors adopt the attached resolution indicating acceptance by Board members of their

2 appointment, appointing the officers of the CACDC, and establishing the schedule for annual and regular meetings. Staff Contact: Wendy S. Saunders, President No Board comments. Member Lagomarsino moved approval of Resolution [CACDC], attached hereto and incorporated herein. Member Smith seconded the motion. ITEM 7 [CADA/CACDC] 1717 S STREET CLOSE ESCROW AND OTHER RELATED AGREEMENTS Staff Recommendations: [CADA] Staff recommends the CADA Board of Directors adopt a resolution authorizing the Executive Director to assign the Purchase and Sale Agreement for 1717 S Street to 1717 S Street Investors, L.P., to execute a loan agreement and promissory note between CADA and CACDC in an amount not-to-exceed $2,108,000, and to authorize amendment of the budget by $219,000 to allocate funding for the loan. [CACDC] Staff recommends that the CACDC Board of Directors authorize the CACDC President to enter into a resolution authorizing the Executive Director to execute a Limited Partnership Agreement for 1717 S Street Investors, L.P., to authorize, as a member of 1717 S Street Investors, L.P., execution of the Assignment and Assumption of Purchase and Sale Agreement for 1717 S Street; authorize execution of a loan agreement and promissory note secured by a deed of trust with CADA; and authorize the drawdown of funds from the loan between CADA and CACDC in an amount not-to-exceed $2,108,000 to fund property acquisition, remediation, water board administrative fees, and other predevelopment costs. Staff Contact: Wendy S. Saunders, Executive Director [CADA], President [CACDC] Member Lagomarsino stated that the Development and Construction committee did not meet as there was no quorum, but staff briefed him on this item. Member Smith moved approval of Resolution [CADA], attached hereto and incorporated herein. Member Maviglio seconded the motion. CADA Member Lagomarsino moved approval of Resolution [CACDC], attached hereto and incorporated herein. Member Smith seconded the motion. CACDC

3 ITEM 8 CAPITOL NEIGHBORHOOD PARKING STUDY Staff Recommendation: For review and comment only. Staff Contact: Kendra Reed, Development Projects Assistant; Todd Leon, Development Director This item was presented at the Neighborhood Development committee meeting. Member Maviglio stated that with the Regional Transit close to O Street, the recommendation to build a parking facility should be a last resort. Todd Leon stated that the area that is hit the hardest by parking shortages is 16 th Street and it s difficult to get people to change their habits entirely. With Jefferson School and Sites 5 and 6 coming online in a few years, that area will see continued intensity in regards to parking demand. In order for this to succeed, staff feels creating more parking will have to be considered. Chair Bailey suggested that these recommendations should be brought to the Mayor s Office as part of an effort to encourage participation from the State. At the Neighborhood Development committee meeting, Committee members stated that everyone wants secure bike parking, and that is something that CADA can contribute. Member Lagomarsino asked about the parking at 15 th and Q. Todd Leon stated that the developer reached a deal with the owner across the alley to create additional parking in addition to the three levels of proposed parking. Member Lagomarsino asked about the disabled parking. Kendra Reed stated that this was not addressed in the study but a recommendation to replace fifteen minute spaces with loading zones will be recommended to the City because placard parkers can park in the fifteen minute spaces all day without restrictions. She said she plans to meet with CADA Leasing Department staff to address issues specific to CADA. Staff will then meet with the City Parking Division to discuss on-street parking changes. The Board took no action. ITEM 9 INTENTION TO RENEW AND EXPAND THE R STREET PROPERTY AND BUSINESS IMPROVEMENT DISTRICT (PBID) Staff Recommendation: Staff recommends the Board adopt a Resolution of Intention to renew and expand the R Street Property and Business Improvement District (RSPBID), and set a date for a public hearing to occur on April 21, Staff Contact: Todd Leon, Development Director Chair Bailey stated that the Neighborhood Development committee recommended approval. Member Maviglio moved approval of Resolution 17-05, attached hereto and incorporated herein. Member Smith seconded the motion. ITEM 10 ORAL STAFF REPORTS/UPDATES A. Downtown Sacramento Partnership: No update. B. Downtown Sacramento Revitalization Corporation: No update. C. Midtown Association: This item was reported on in Agenda Item 5. D. Mercury Cleaners (Northeast Corner of 16th and O Streets): Marc de la Vergne reported that the State is installing additional monitoring wells farther from the Mercury Cleaners site than it previously had. The wells

4 are now at 15 th and N and also between Park Mansion and Eviva in the street. The injections of the microbes will begin around the center of the Mercury Cleaners site as well as the Enterprise parking lot. The electrical resistive heating system had to be shut down because the high amount of electrical current was interfering with the electrical service in CADA s nearby N Street apartment buildings. E. Eviva Midtown (Northwest Corner of 16th and N Streets): Marc de la Vergne reported that up to 45 units have been leased, which is 44% occupied, and that momentum has increased now that we are in the postholiday period. The grand opening party is next Thursday at 5:00 p.m. The developer is hosting this event. F. Roosevelt Park ( th Street): Marc de la Vergne reported that staff has had two meetings, one with Councilmember Hansen and another with City Parks and Recreation, and received a warm reception to the idea of dividing the cost among CADA the City and private parties or grant sources. G. O Street Streetscape (7 th 17 th Streets): No update. H. AB1699 Application for Biele Place: Marc de la Vergne reported that staff is working on the application to extend the Biele Place construction loan. This item will come to the Board to approve submittal of the application to HCD. I. 16th Street Streetscape (N S Streets): Todd Leon reported that staff is working with the City on an agreement to finish design and begin construction. J. Fremont Park (15 th /16 th & P/Q Streets): No update. K. R Street PBID: This item was reported on in Agenda Item 9. L. Orchard Supply (17 th /R Streets): No update. M. Site 21 (14 th and N Streets): Todd Leon reported that staff received five proposals for the development of Site 21. Depending on the outcome of the Special meeting today, the selection committee schedule might change slightly, however, the intention to keep the March 21 date for interviews. N. R Street Streetscape Phases III and IV (13 th 16 th Streets): Todd Leon reported that only one bid came in and it was $2 million over budget. The budget is over $4.5 million including contingency and construction. Staff will be reviewing to lower the production standards concerning construction impacts on the Hines garage and adjust the scope of work. O. R Street Affordable Housing (17 th /S Streets): Todd Leon reported that staff is working on the remediation of the site in time for the closing of the site. Staff is also working on the Cap and Trade application. Lastly, staff initiated a pre-application meeting with the City for permits and entitlements. P. Brooks Truitt Dog Park (19 th /Q Streets): Todd Leon reported that rain has caused delays in construction, but the dog park is on track to be completed by June. ITEM 11 TRANSMITTALS Received as transmitted. ITEM 12 OPPORTUNITY FOR THE PUBLIC TO ADDRESS THE BOARD REGARDING MATTERS NOT ON THE AGENDA.

5 ITEM 13 ADJOURNMENT The meeting adjourned at 11:19 a.m. Rachel Mercurio, Secretary to the Board of Directors