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Why a Successor Agency?
On February 1, 2012 the City’s Redevelopment Agency ceased to exist. With the adoption of this year’s State budget, the Legislature passed two bills: ABX1 26 and ABX1 27. ABX1 26 dissolved Redevelopment Agencies and placed a number of rules on how this was to happen. ABX1 27 allowed Cities to opt back in under the old rules of redevelopment as long as they made annual payments to the State and the underlying taxing districts. These laws were brought to the Supreme Court to determine if they were constitutional. In December 2011,the Supreme Court ruled ABX1 26 was constitutional and ABX1 27 was not.
The question is: What does this all mean for Brisbane? First, it means we will no longer have Redevelopment money available to solve some of the community problems. In the past, Redevelopment purchased the Community Park, built the fire station, built the Marina, assisted with the rebuilding of Tunnel Avenue Bridge, purchased the Park and Ride lot, built the Senior Housing on Visitacion, purchased the land for Habitat for Humanity housing, and purchased the Five-Star Café site, potential future home of the library and an affordable housing project. These kinds of projects will become much harder to finance going forward.
Second, City staff will need to work through the often times confusing and contradictory law for dissolving the Agency. The first step the City did to deal with the law was to become the Successor Agency of the Redevelopment Agency. This allows us the most flexibility when it comes to using and/or disposing of the assets and paying off the liabilities of the Agency. Having another government control such important sites within the City did not make sense to the City Council. Also, since the bonds were originally sold with the approval of City Council, it makes sense for the City Council to ensure that they are repaid correctly and efficiently, instead of letting another government agency be responsible.
The Agency assets include such items as the Five-Star Café site, the Community Park, the Park & Ride site, the Senior Housing Property, and the Fire Station. The law permits retention of certain properties for public use. A Long-Range Property Management Plan for the real property of the Dissolved RDA will be completed for approval by the Brisbane Oversight Board and Department of Finance.
Former Brisbane Redevelopment Agency - Project Area #1 Plan
Project Area One, adopted in 1976, comprises Sierra Point, the Lagoon and a portion of the Baylands north of the Lagoon. All of this territory is east of Bayshore Blvd.
Former Brisbane Redevelopment Agency - Project Area #2 Plan
Project Area Two, adopted in 1982, comprises the remainder of the Baylands area up to the San Francisco boundary. This territory includes the Tank Farm, Icehouse Hill, the PG&E substation near Geneva and the undeveloped hillside properties across Bayshore Blvd. from the Industrial Way business park.
Brisbane Redevelopment Agency Projects, 1981 to date:
- Sierra Point Office Park (1981-1983)
- Freeway On/Off ramps
- Streets (Lagoon Way/Sierra Point Parkway)
- Sierra Point Marina (570 berth marina on SF Bay, completed 1983)
- Brisbane Community Park land acquisition (1986)
- Fire Station (partially funded construction, 1992)
- Low and Moderate Income Senior Apartments and Senior Center (land acquisition and development financing, 1995-1998)
- Affordable Housing site acquisitions
- Visitacion Ave. at San Francisco Ave. (1995)
- Plumas Street (1996)
- San Bruno Ave. (2003)
- Visitacion Ave. at Monterey St. (2003)
- Park ‘n Ride Lot (funded acquisition, 2004)
- Low and Moderate Inc. First Time Homebuyer Program (down payment assistance, 1998-present)
- Habitat for Humanity 7 unit project (2006)
- Tunnel Ave. Bridge Replacement (partially funded construction, 2006)
Each year, an independent auditors' report is prepared by a certified public accountant firm. Click here to read the latest report. The Agency is also required to use funds to support low-to-moderate income housing. For a complete list of affordable housing units in the City, check out the Low Mod Housing Database.