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Board committee advances plan to reprogram redevelopment funds for Fillmore Jazz district, pauses Muni substation sale
Summary
The Budget & Finance Committee advanced amendments to reprogram Redevelopment Agency funds to shore up the Fillmore Jazz Preservation District and move toward conveying the Muni substation to the city; staff said the term sheet calls for transfer at no cost and transferring development rights to support rehabilitation.
The Budget and Finance Committee on Feb. 18 moved forward with proposed reprogramming of redevelopment funds intended to sustain the Fillmore Jazz Preservation District while advancing a transfer of the Muni substation to the city.
Supervisor Mercarimi outlined a package of amendments that, among other changes, revise dollar amounts, require the real estate and workforce development departments to prepare a rehabilitation and reuse plan for the Muni substation, and make any purchase-and-sale agreement subject to Board approval. He said the changes are intended to "clearly define" the terms of the reallocated monies and to support restaurants and businesses on the Fillmore corridor.
Redevelopment Agency executive director Fred Blackwell told the committee the agency had about $3.3 million in the substation line item and that earlier attempts to attract an economically feasible community developer were unsuccessful. Amy Nitschis, the agency's project manager, said the redevelopment commission last night "unanimously approved the term sheet" that commits the agency to convey the Muni substation "to the city at no cost" and to transfer certificates of transferable development rights to help fund rehabilitation and predevelopment planning.
Nitschis said the agency will continue responsibility for the building until conveyance and that a purchase-and-sale agreement will be drafted with the real estate department and the city attorney's office and return to the Board of Supervisors for approval.
Chair Avalos took Supervisor Mercarimi's motion "without objection," and the committee continued the item to the next budget meeting to allow time for the purchase-and-sale documentation and the revised budget language to be finalized.
The resolution as amended would shift the larger share of the previously proposed $2,492,000 Western Addition A-2 allocation into the Fillmore Jazz Preservation District loan program and set aside funds for marketing and predevelopment planning. The motion requires that repayments to the revolving loan fund remain available for rehabilitation or additional loans, subject to committee and Board approval.
Next steps: staff will draft the purchase-and-sale agreement and return the amended resolution and accompanying term sheet to the Board for approval at a future hearing.
