Loading...
HomeMy WebLinkAboutItem 8.1 BART Dublin Blvd Extension Project (2) CITY OF DUBLIN AGENDA STATEMENT CITY COUNCIL MEETING DATE: October 28, 1991 SUBJECT: Authorization to Request Advance of Funds from the Bay Area Rapid Transit District (BART) for Construction of the Dublin Boulevard Extension Project (Prepared by: Richard C. Ambrose, City Manager) EXHIBITS ATTACHED: Exhibit 1 : Draft Letter Exhibit 2: Agreement dated March 27, 1990 RECOMMENDATION: uthorize City Manager to request a $2.285 million j / advance in funds from the Bay Area Rapid Transit District 1�. for the Dublin Boulevard Extension Project. FINANCIAL STATEMENT: The Bay Area Rapid Transit District has legally committed to advancing $2.285 million to the City of Dublin for the construction of the Dublin Boulevard Extension Project. Depending upon the parking configuration of the eastern Dublin BART Station, the terms for repayment of this advance vary. If all of the parking for the eastern Dublin BART Station is on the north side of I-580, $2, 285 million dollar advance must be paid with interest within 20 years to the extent that the City is legally able impose or collect assessments, exactions, etc. sufficient to repay advance. If the Bay Area Rapid Transit District determines to split the parking between Dublin and Pleasanton for the eastern Dublin Station, BART will advance the City of Dublin $1 .061 million on a long term basis under the same conditions identified above and $1 . 224 million which shall be repaid in full to BART for any source by December 31 , 1995. Pursuant to a subsequent agreement between the City of Dublin and the County of Alameda, the County has guaranteed to repay the short term advance in the event that sufficient assessments from new development in the eastern Dublin area are not sufficient to pay the advance by December 31 , 1995. DESCRIPTION: On March 27, 1990 as a result of litigation between the City of Dublin and the Bay Area Rapid Transit District (BART) , the City and BART entered into an agreement which provided that BART would advance the City of Dublin $2, 285 million dollars for the purpose of acquiring right of way and constructing the Dublin Boulevard Extension Project. The basis for this Agreement was that Dublin Boulevard Extension Project is necessary to provide access to the parking lot for the eastern Dublin BART Station. The Agreement authorizes the City to request that BART advance these funds only if one of the following conditions are met: 1 ) The City adopts a resolution of necessity to condemn property for the roadway extension; 2) The City's offer to purchase the right of way necessary for the project has been accepted; or 3) A contract has been executed for the construction of the roadway extension. If the City Council on October 28, 1991 adopts the Resolution of Necessity commencing eminent domain proceedings for the acquisition of those properties ---------------------------------------------------------------------- COPIES TO: (6062- zlo) ITEM NO. ♦ CI CLERK FILE required for the construction of the Dublin Boulevard Extension, the City has the legal right to request the fund advance. The Agreement also requires that these funds will be available to the City to be drawn upon for a period of 24 months from March 27, 1990. In order to be able to let a contract prior to this date, the City must have possession of the property 90 days prior to the date that the construction contract is awarded. Prior to applying for an order of possession, the City must deposit the funds representing the appraised value of the properties to be acquired with the Court. Therefore, if the City Council intends to request the advance of funds from BART and meet the schedule under the terms of the Agreement, it is necessary that the Council authorize the request for the advance of funds at this meeting. a:sl028ex$.agenda#6 -2- October 29, 1991 Mr. Frank Wilson, General Manager Bay Area Rapid Transit District 800 Madison Street - Lake Merritt Station P 0 Box 12688 Oakland, CA 94604-2688 Dear Mr. Wilson: During the last two years, the City of Dublin has been working with private property owners, the County of Alameda, the City of Pleasanton, and the U. S. Army to facilitate the construction of the extension of Dublin Boulevard from Dougherty Road to Tassajara Road. The City of Dublin has entered into agreements with the City of Pleasanton and the County to advance a portion of the funds for construction and dedicate right-of-way. The City of Dublin is also in possession of a right of entry from the U. S. Army to commence construction on Army property. This right of entry will be effective until the Army conveys 12 acres of road right of way to the City of Dublin. On March 27, 1990, the City of Dublin and Bay Area Rapid Transit District (BART) entered into an agreement which recognized the importance of the Dublin Boulevard extension project in providing access to the future East Dublin BART Station. Pursuant to the terms of the Agreement, BART agreed to advance the City of Dublin $2.285 million for the purpose of building this project. As set forth in Paragraph 3(a) of the Agreement, BART will advance these funds to the City upon 30 days notification by the City that the City had adopted a resolution of necessity to condemn property for the Roadway Extension. On October 28, 1991 , the Dublin City Council adopted a Resolution of Necessity to commence eminent domain proceedings on five parcels necessary for the construction of this project. In accordance with the Agreement the City respectfully requests that BART advance $2.285 million to the City within 30 days in order that the City will have the funds available to acquire right-of-way and construct the project. Further, the City also requests in accordance with the terms of Paragraph 3(a) that BART make a determination within 25 days of this notice regarding the parking configuration at the eastern Dublin station, in order that the terms for repayment of the advance are set. Thank you for your cooperation and assistance in this matter. If you have any questions regarding this letter, please let me know. Sincerely, DRAFT . Richard C. Ambrose City Manager RCA:slh cc: Steve Szalay, County Administrator Deborah Acosta, City of Pleasanton EXHIBIT I SETTT,FMENT AGREEMENT AI�L��FLFAS� THIS SETTLEMENT AGREEMENT AND RELEASE (hereinafter, the "Agreement" ) is entered into as of March 27 , 1990 , by and between THE CITY OF DIJBLIN (hereinafter, the "City") and THE SAN FRANCTS O BAY AggA RAPID TRANSTT DISTRICT (hereinafter, "BART" ) , on the following terms and conditions . W I T N E S S E T H: Whereas on March 12 , 1990 , the City filed a petition for writ of mandate against BART alleging violations of the California Environmental Quality Act ( "CEQA" ) , Public Resources Code section 21000 et seq. , with respect to BART's approval of the Dublin/Pleasanton Extension Project, which petition is pending in the Superior Court of the State of California in and for the County of Monterey, No. 89898 (hereinafter, the "Action" ) ; and Wler_eas the City has included in its General Plan a six-lane arterial extension of Dublin Boulevard which is located north of and parallel to I-580 and east of Dougherty Road; and an extension of Hacienda Drive from I=580 to the extension of Dublin Boulevard; and whereas BART is willing to assist the City in constructing a two-lane road north of and parallel to I-580 -1- Y 10330403 EXHIBIT aZ located generally along the alignment of the proposed extension of Dublin Boulevard and designed to provide reasonable access to the East Dublin BART station by 1995 by providing advance funds to enable the City to begin such construction; and whereas the parties desire to settle their disputes and terminate the Action on the terms and conditions set forth herein: N o w, T h e r e f o r e, in consideration of the promises , covenants , and warranties given below, the parties , and each of them, agree as follows : 1 . In consideration of the obligations incurred and promises made herein by BART, the City agrees to dismiss the Action, with prejudice, and hereby releases and discharges BART of any and all claims , demands , actions or causes of action arising out of or connected with the subject matter of the Action. 2 . In consideration of said dismissal and release by the City, BART hereby covenants and warrants- to undertake the following actions : (a) In the event that BART determines to build all of its parking for the East Dublin BART Station north of -2- 10330403 Interstate 580 , BART agrees to advance funds on a long-term basis in the amount of $2 . 285 million for the purpose of building a two-lane road north of and parallel to I-580 located generally along the alignment of the proposed extension of Dublin Boulevard between Dougherty Road and the future extension of Hacienda Drive and designed to provide reasonable access to the East Dublin BART station, and the future extension of Hacienda Drive from I-580 to the future extension of Dublin Boulevard (hereinafter, the "Roadway Extension" ) . Said advance will be made under the terms and conditions as set forth in paragraph 3 below . (b) In the alternative to subparagraph 2 (a) above, if BART determines to construct parking lots for the East Dublin BART Station both north and south of Interstate 580 , BART agrees to advance funds on (i) a short-term basis in the amount of up to $1 . 224 million, and ( ii) a long-term basis in the amount of $1 . 061 million, each advance 1.o be made under the terms and conditions as set forth in paragraph 3 below, for the purpose of building the Roadway Extension. 3 . The terms and conditions of the advances to be made by BART identified in subparagraphs 2 (a) and 2 (b) above are to be as follows : (a) The funds will be made available by BART on the terms and conditions set forth in this -3- 10330403 paragraph 3 and may be drawn upon by the City as needed for the purposes defined herein 30 days after BART has been notified in writing by the City that a resolution of necessity to condemn property for the Roadway Extension has been adopted or that an offer to purchase has been accepted or that a contract has been executed for the construction of the Roadway Extension. Said funds will be made available at the time specified in this paragraph 3 regardless of whether construction of the East Dublin or the West Dublin BART Station is to be commenced first, provided that if BART has not yet made a determination regarding configuration of parking at the East Dublin Station at the time of the first said notice, BART shall make such a determination within 25 days of notice from the City or the provisions of paragraph 2 (a) shall apply. (b) The funds will be available to the City to be drawn upon for a period of 24 months from the date of this Agreement . This period of time shall not include the period of time during which a lawsuit challenging construction of the Roadway Extension is pending in a court of competent jurisdiction. -4- 10330403 (c) The parties agree that repayment of said short-term advance, together with accrued interest, by the City will be made from the proceeds of assessments , special taxes , exactions and/or fees or any bonds secured by such assessments , special taxes , exactions or fees , which are imposed by the City for the costs of construction of the Roadway Extension or from any source available to the City, but in any event, repayment of the entire amount of the short-term advance drawn by the City, along with accrued interest:, shall be repaid in full to BAR`f by December 31, 1995 . (d) The parties agree that repayment of said long-term advance, together with accrued interest, by the City will be made solely from the proceeds of assessments , special taxes , exactions and/or fees or any bonds secured by such assessments , special taxes , exactions or fees , which are imposed by the City on any and all property east of Dougherty Road for the purpose of paying for or reimbursing the City for the costs of consFtruction of the Roadway Extension. The City hereby agrees and promises in good faith to seek a levy of assessments , special taxes , exactions and/or fees for the Roadway Extension in a timely manner and to -5- 10330403 the fullest extent allowed by law as repayment of the above-referenced advances within the periods specified herein. In no event shall the long-term advances , together with accrued interest, be repaid from the City' s general fund or from general revenues . To the extent the City is legally unable to impose and/or collect assessments , special taxes , exactions and/or fees in an amount sufficient to repay the long-term advance made hereunder, together with accrued interest, for the Roadway Extension within 20 years of the date of this Agreement, the City' s repayment obligation shall be reduced by an amount equivalent to the amount remaining due at the end of the 20-year period. (e) The interest rate on the long-term advances under subparagraphs 2 (a) or 2 (b) above will be fixed at the time the advance is made and will be in an amount equal to the average rate of return on BART' s investments for the proceeding calendar month. The rate will be adjusted annually on the anniversary date of this Agreement and will be based on the average rate of return on BART^' s investments for the previous three-year period. Interest will be compounded annually. Both -6- 10330403 principal and accrued interest are to be repaid by the City to BART from the funds set forth in subparagraph 3 (d) above in full within 20 years from the date of this Agreement except as otherwise provided in subparagraph 3 (d) . ( f) Interest on the short-term advance under subparagraph 2 (b) above will be fixed at the time the advance is made and will be in an amount equal to the average rate of return on BART' s investments for the proceeding calendar month. The rate will be adjusted annually on the anniversary date of this Agreement and will be based on the average rate of return on BART' s investments for the previous three-year period. Interest will be compounded annually. (g) Both the long-term advance and the short- term advance, together with accrued interest then due, may be repaid at any time without a prepayment penalty. (h) It is the intention of the City -and BART that the funds to be advanced by BART as described in subparagraphs 2 (a) and 2 (b) , above, shall be advanced to the City to enable the City to begin right of way acquisition and/or construction of the -7- 10330403 Roadway Extension prior to funding being available for the full cost of the Roadway Extension. It is anticipated that such funds will be distributed by an existing third party entity, such as the City of Pleasanton through its North Pleasanton Improvement District; a new entity created in connection with the construction of the Roadway Extension; or the parties to a Roadway Extension Construction Agreement . The form and substance of necessary documents to effectuate the advances will be drafted by BART, will be subject to review by the City as to form and will assure timely receipt of the advances by the City. The parties agree to execute all such documents as are necessary to implement the terms of this Agreement . In the event the distribution of funds by a third-party entity is not accomplished within the time referred to in subparagraph 3 (a) above, BART will make such funding available directly to the City within the time and under the terms set forth in paragraph 3 . 4 . This Agreement constitutes a full and final compromise, release and settlement, of any and all claims , demands , actions or causes of action by BART or by the City as against each other, arising out of or connected with the -8- 10330403 subject matter of Action No. 89898 . BART and the City understand and acknowledge that it is possible that unknown claims exist, the parties have taken that into account in determining whether to enter into this Agreement and agree as a further consideration and inducement for this compromise settlement that it shall apply to all unknown and unanticipated causes of action in addition to those that are not disclosed. Consequently, the parties , and each of them, expressly waive all rights under California Civil Code section 1542 , which provides as follows : "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with debtor. " 5 . The City hereby authorizes its attorneys of record to enter a dismissal with prejudice in Action No . 89898 immediately upon the execution of this Agreement. 6 . An. action in specific performance shall be the exclusive remedy for a breach by either party of any term or condition of the Agreement. Each party specifically disclaims any action for damages . Each party in an 'action for specific performance shall bear its own costs and attorneys ' fees . -9- 10330403 7 . This Agreement is freely and voluntarily entered into by BART and the City. The parties , and each of them, have been fully advised by their counsel as to the contents , meaning and significance of this Agreement, the terms of which are contractual and not a mere recital, and they fully understand its terms and their effects . Each of the parties hereto understands that if the facts under which this Agreement is executed, and for which the dismissal with prejudice is provided, are found hereafter to be other than or different from the facts now believed by any party or parties to be true, such party or parties expressly accept and assume the risk of such a possible difference in facts , and agree that this Agreement shall be and will be effective notwithstanding such difference in facts . 8 . This Agreement is a compromise and settlement of disputed claims , and nothing contained herein shall be construed as an admission of any kind on the part of any party hereto . 9 . Notwithstanding the provisions of paragraph 7 , each party warrants and covenants that it has the present legal authority to enter into this Agreement and to do the acts required of it hereunder. If either party is found to lack the authority to do the acts required of it hereunder, this Agreement shall be void and each party shall return to -10- 10330403 the position it held immediately preceding the execution of this Agreement. 10 . This Agreement shall bind, and inure to the benefit of, all successors and assigns of the parties and any associates in interest, and their respective directors , officers , agents , servants, and employees , and the successors and assigns of each of them, separately and collectively. 11 . Each party shall bear its own costs and attorneys ' fees arising out of Action No. 89898 and this Agreement. 12 . This Agreement shall be construed and enforced pursuant to the laws of the State of California. 13 . This document embodies the entire terms and conditions of the Agreement described herein. This Agreement may be executed in two (2) counterparts, each of which shall constitute an original . 14 . The undersigned state that they have read the foregoing Agreement, and know the contents thereof, and each signs his or her name as an agent of the parties herein, as -11- 10330403 his or her own free act, on the effective date of this Release as indicated above. CITY DUBLIN f B •/ � �' _ Its SAN FRANCISCO BAY AREA RAPID TRANSIT DIS ICT By: I s -12- 10330403