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07.17.19 BJAD Packet Boulder Junction Access District (BJAD) Joint Commission – Parking and TDM Meeting & Boulder Junction Access District (BJAD) – TDM Meeting & Boulder Junction Access District (BJAD) – Parking Meeting July 17, 2019 4 – 6 p.m. Canyon Conference Room, 1777 Broadway ________________________________________________________________________________ AGENDA BJAD Joint Commission Meeting • Roll Call BJAD-TDM and BJAD-Parking • Disclosure of Conflicts of Interest • Introduce new BJAD-P Commissioner, Ryan Cook o Ryan Cook and Sue Prant Oath of Office • Approve May 21, 2019 Minutes • Public Comment • Matters from Staff o 2020 Budget – Mark Woulf o 30th and Pearl Development Review – Edward Stafford o Depot Square Garage Update – Melissa Yates o TMP Update – Chris Hagelin o BJAD Goals Mid-Year Check-In – Cris Jones BJAD TDM Commission Meeting • Convene as BJAD TDM Commission • Matters from TDM Commissioners • Officer Elections • Adjourn as TDM Commission BJAD Parking Commission Meeting • Convene as BJAD Parking Commission • Matters from Parking Commissioners • Officer Elections • Adjourn as BJAD Parking Commission Attachments • DRAFT May 21, 2019 BJAD Minutes • BJAD Budget Memo and Attachments • 30th and Pearl Update from Housing • Depot Square Garage Owner’s Association Memo TDM Commission Parking Commission Alex Hyde-Wright-Chair Citizen at Large 2020 Thomas Wells-Chair Citizen at Large 2020 Andy Bush Property Owner/Rep 2021 Andy Bush-Vice Chair Property Owner/Rep 2021 Kevin Knapp Property Owner/Rep 2022 Vacant Property Owner/Rep 2022 Vacant Property Owner/Rep 2023 Kevin Knapp Property Owner/Rep 2023 Susan Prant-Vice Chair Citizen at Large 2024 Ryan Cook Citizen at Large 2024 BJAD 2019 Priorities 1. BHP/Pollard Development 2. Transit Advocacy (EcoPass, HOP Refresh, 119 BRT) 3. District Branding (Events/Signage/BTC) 4. 10 Year Plan 5. Capital Improvement Plan (Bike shelter/Bluff Bridge) 6. TDM Offering Development 7. Neighboring Community Collaboration CITY OF BOULDER, COLORADO BOARDS AND COMMISSIONS MEETING MINUTES SUMMARY BOULDER JUNCTION ACCESS DISTRICTS – PARKING AND TDM MEETING DATE: May 21 , 2019 MEMBERS, STAFF, AND INVITED GUESTS PRESENT: Board Members: TDM: Hyde-Wright, Prant, Knapp, Bush Parking: Prant, Knapp, Bush Staff: Jones, Woulf, Dammann PERSON PREPARING SUMMARY: Rachel Dammann, 303-441-4191 Meeting opened at 4:08 p.m. BJAD Joint Commission Meeting Roll Call – completed Disclosure of Conflicts of Interest – filed Approval of April 15, 2019 Minutes Hyde-Wright reiterated the commission talked about sending a letter to Council about TVAP goals not being accomplished – will talk about during Matters from Commissioners. Bush motioned to approve the April 15, 2019 minutes. Prant seconded. All present approved. Public Comment None present. Matters from Staff Citywide Retail Study Initial Findings Jones said the retail study findings are going to Council tonight. The memo and presentation are on the City Council website. Community Vitality is working with consultant for this study. They did shopper surveys, business owner surveys, and former business owner surveys. Staff received 906 shopper surveys and fifty-seven retailer surveys along with twenty-two closed business interviews. Staff feels there was good representation. The feedback asks for diverse shopping, less about boutiques, more about basic needs not being met. Children, seniors, plus size, and mid-priced restaurants are needed. People are going outside of Boulder for free parking, no bag fees, and no sugary beverage tax. Base Mar, East Boulder, and NoBo have needs. The final report will be in July. The retail strategy should come out Q4 or Q1. Knapp asked about predicted sales tax decline. Jones said there was a blip, but things look positive now. Jones offered to have more frequent tax revenue reports for the districts. 2020 Budget Follow-up Woulf gave an update to the BJAD budgets. TDM – PILOT fees are lower than projected in 2019 and 2020. Property tax revenue is also slower to develop than previously projected. Rev is projected to come online late 2020. TDM program costs are expected to be lower than expected because the RTD costs are expected to go down. TDM is building fund balance over time. It looks healthy. Bush asked what the fund balance should be to be considered healthy. Woulf said 16.7%. The City goal is 20% of operating expenses annually. Parking – Woulf reviewed the revenue sources. Property tax revenue is lower than previously projected. Expenses should go down after 2020. Parking is projected to being in the negative for 2020 and 2021. Bush asked if there are estimates for what the Capital Reserve for Parking should be. Woulf said we do not have those numbers yet. Knapp pointed out that the HOA should be responsible for the Capital Reserve. Staff will look into the HOA reserve and financials. Woulf offered three potential actions to maintain fund health. He suggested that support from BJAD-TDM would be the cleanest, easiest option. If the loan would be $158,031. This scenario includes the general fund repayment beginning in 2021 and finishing in 2024. A larger loan would allow for a $175,000 would allow a bigger buffer. Woulf’s recommendation would have the TDM loan paid back by 2023 with a delay in the General Fund loan payback. This model represents a zero percent interest rate loan. Bush asked if there are any issues with a loan of this type. Woulf said there would be an issue if the Parking fund showed a deficit for a long time, but we are looking at only a couple of years. Hyde-Wright said a loan from the TDM fund balance could be a concern if the RTD prices don’t go the way we expect it. RTD reviews their price strategy every three years. Knapp asked about expenses other than garage. Woulf said it is operating the garage, maintenance, gate change, and personnel costs. Knapp reiterated that the expenses are mostly fixed costs. Woulf agreed. Knapp asked if staff thought Council had a preference of a loan over restructuring the general fund loan payback. Woulf recommended 1 and 2. Action Item 3 might not be necessary. Hyde-Wright and Bush asked what good policy is for charging loan interest. Woulf said good practice would be to charge interest. Hyde-Wright has some concern about the impact on TDM for giving Parking a loan, but acknowledges that RTD fees are set for the next couple of years and there may be an opportunity to adjust mill levies if necessary to balance the two funds. The BJAD joint board made a recommendation to follow staff recommendations with a change that there would a low interest rate charged. All approved. Meeting Frequency Jones said Council will vote on a consent agenda item to alter the meeting frequency. Staff will inform the commission via email. Parking Space Revenue Jones reported that on average, a city parking space on street generates $2,000 per year. The most productive parking space revenue is the Spruce Street lot. Garages average less per space because they are free on Saturdays. Prant asked about bike parking needs in downtown. Bush said Boulder Junction could use more bike parking. Bush and Prant said that the carshare car is not being used because it is parked in the garage. Right now it can’t be parked on the street because that is public right-of-way. Knapp asked how the commission could request a one-year pilot to lease a spot for the car share. Bush offered to reach out to Transportation for a public-right-of-way permit similar to the agreement for the electric car charging. Upcoming Meetings July – 2020 Budget & CIP Proposal Approval and Parking & Access Initiatives Update September - Possible Joint meeting with DMC about connectivity Matters from Commissioners Hyde-Wright asked for a Hop update at a future meeting. Knapp would like to work with staff to incorporate the goals that the commission identified earlier this year. He would like to track the goal process, especially if the commission meets only six times a year. He also offered that departments outside of Community Vitality could provide information in meeting packets. Bush suggested adding to the July agenda to schedule topics and visitors for the yearly plan. Commissioners asked if there was an update on 30th and Pearl. Jones said not yet. Bush said the homeless camping on Goose Creek is getting worse and affecting tenants. People do not want to walk to Whole Foods anymore. Meeting adjourned at 5:46 pm. Commissioners determined there was no need to meet as separate commissions. FUTURE MEETINGS June 19, 2019 100 Broadway C onference Room Regular Meeting APPROVED BY: BOULDER JUNCTION ACCESS DISTRICT JOINT COMMISSION Attest: Rachel Dammann, Secretary Thomas Wells – Chair, Parking Alex Hyde-Wright – Chair, TDM City of Boulder Community Vitality Parking & Access | District Management | Economic Vitality 1500 Pearl Street, Suite 302 | Boulder, CO 80302 | phone 303-413-7300 | fax 303-413-7301 To: Boulder Junction Commissions (TDM & Parking) From: Mark Woulf, Business Services Manager – Community Vitality Re: 2020 Recommended Boulder Junction Access District (BJAD) – Transportation Demand Management (TDM) Fund & Boulder Junction Access District (BJAD) - Parking Fund Budget and Capital Improvement Plan In 2019-2020, the Department of Community Vitality (CV) is focusing on customer service, employee engagement, and good governance. Towards the goal of good governance, our major effort is to ensure the long-term sustainability of our four funds (University Hill, Central Area, Boulder Junction TDM & Parking) and promote transparency in our General Fund activities and uses. The first step in this effort was to confirm the goals of the General Improvement Districts (GIDs) and clarify roles and responsibilities for public infrastructure, vitality, and resiliency efforts that benefit the city and the individual districts. Based on feedback from our commissions, Community Vitality staff has examined cost drivers across all funds against the goals of our department and individual districts. We believe we have built a budget that reflects community goals, council priorities, and districts initiatives, while maintaining a positive long-term financial outlook. The immediate need for the Boulder Junction funds is to address the short-term funding gap in the Boulder Junction – Parking Fund. Staff presented to the Commissions and received approval to build in an interfund transfer from TDM to Parking in the 2020 Recommended Budget. The Recommended Budget provides a $200,000 transfer from TDM to Parking ($25,000 in 2019; $175,000 in 2020) via an interfund transfer agreement, to be developed upon budget adoption. Interfund Transfer Agreement The 2019 Adopted Budget was based off a model that had development coming online in Boulder Junction at a certain pace. After further analysis, it is clear the pace of development within the district is occurring at a slower rate. While the overall scale of development is on par with initial projections, property tax collections will increase at a much slower rate and will impact district revenues. In the draft 2019 Revised Budget for Boulder Junction – Parking Fund, total projected uses of funds are trending in line with the Adopted Budget; however, total sources of funds are now projected at $355,475 – driven by a slower place of property tax base growth. This is driving the fund balance after reserve to $9,997. City of Boulder Community Vitality Parking & Access | District Management | Economic Vitality 1500 Pearl Street, Suite 302 | Boulder, CO 80302 | phone 303-413-7300 | fax 303-413-7301 For the Revised 2020 Projected Budget, the Parking Fund will likely continue to operate at a significant deficit and is now projected to be almost $100,000 in the negative in 2020. To address the deficit, the recommended transfer is for $200,000; $25,000 to cover a potential 2019 deficit (if necessary) and $175,000 in 2020 to ensure adequate funding and operating reserve levels. Due to lower than anticipated TDM program costs, staff believes the TDM Fund can reasonably provide the funding necessary to the Parking Fund with a projected 2023 reimbursement. While the projections illuminate short-term funding issues that need to be addressed, the revised projections confirm the long-term health of both BJAD-Parking and BJAD-TDM funds. Development is continuing to make progress within the districts and the overall picture of the district’s tax base looks to be strong over the next five to ten years. The formal mechanism to provide the necessary funding to the Parking Fund is through an interfund transfer agreement. This agreement would outline the amount and timing for reimbursement of the transfer. The agreement will require the Commissions’ approval prior to the transfer. However, the assumptions are built into the 2020 Recommended Budget. Boulder Junction Access District – Parking Fund In addition to the short-term funding gap, the revised projections highlight concern of the fund’s ability to begin paying the General Fund back for the original loan for the development of the parking structure in 2021. Current projections would run the fund close to a zero-fund balance without an intervention, if a scheduled payment of $225,000 was made to the General Fund in 2021. A formal request has been made to the General Fund to alter the payment schedule of the loan as to allow the Parking Fund to realize sustainability sooner; this would decrease the amount paid in 2021 by $125,000. Overall sources in 2020, including the interfund transfer, are $603,094. Overall 2020 uses are $605,584, which includes the final installment of $416,667 to Pederson Development for the development loan. The operating budget increased from 2019 to 2020 by $29,753, driven by a 10% increase in the cost of contracted parking garage operations and an analysis of the true cost of providing service to all funds, charging the actual cost of personnel and non-personnel expenses for services. Community Vitality is implementing a department-wide policy to hold an operating reserve of 16.7% against annual operating costs across all funds. However, the Parking Fund will be unable to maintain that level in 2020. Operating reserves will remain at 10% of operating uses in 2020, increasing to 16.7% in 2021. Boulder Junction Access District – TDM Fund City of Boulder Community Vitality Parking & Access | District Management | Economic Vitality 1500 Pearl Street, Suite 302 | Boulder, CO 80302 | phone 303-413-7300 | fax 303-413-7301 Overall sources in 2020 are $580,090, which reflect an expected increase in property tax and payment in lieu of tax collections. This is based off revised modeling including the latest assessment information from Boulder County. The most recent information from city Planning and Development Services is reflected in the expected PILOT payments to be received in 2020. Overall uses in 2020 are $317,073, driven primarily by TDM programing, most notably the EcoPass Program (neighborhood and employee). The analysis to determine the true cost of providing service to the fund is reflected in the personnel and non-personnel expenses in 2020-2025. EcoPass Program Increases With RTD’s new rate structure (adopted in 2018), the long-term sustainability of the EcoPass program is questionable. The biggest impact to Community Vitality is in the CAGID (downtown) Fund and the neighborhood programs. The projected RTD EcoPass contract cost for CAGID alone in 2020 is $1,462,855, a 40% increase over 2018 program costs. The largest increase is expected in 2021, almost doubling program costs to a projected $2,338,247. For Boulder Junction, the overall cost of the program decreased from 2018 to 2019. However, the projection is for the neighborhood contract to increase by the same percentage from 2020-2021, 20% and 40% respectively ($262,212 in 2020; $431,118 in 2021). Additionally, as Boulder Junction continues to add residents and employees within the area, the contracts will rise in value. While RTD has indicated some interest in exploring spreading out the increases over a longer period, this budget reflects a conservative approach to budgeting for the program increases. CV is reviewing sustainability options for the program, including potential partnerships and the existing contract structures to ensure program sustainability. Capital Improvement Plan As a part of good governance, it is critically important to adequately maintain our existing assets and plan well for our future in all areas that Community Vitality is responsible. This year, we submit a significantly more transparent Capital Improvement Plan that includes specific project information and plans for improvements beyond our parking garage assets. For the first time, Community Vitality is submitting for approval a department-wide Capital Improvement Plan (CIP). This includes CIP projects across all funds and districts that are in support of district and community goals. For the CIP period (2020-2025), Community Vitality is requesting a $9.98 million plan over the six-year plan. CIP Overview In 2020, the CIP continues to be focused on addressing deferred maintenance in our parking structures. This is broken down in more detail than in previous years by identifying the City of Boulder Community Vitality Parking & Access | District Management | Economic Vitality 1500 Pearl Street, Suite 302 | Boulder, CO 80302 | phone 303-413-7300 | fax 303-413-7301 specific projects within the CIP. One of the initiatives within the CIP to provide consistency for project funding is a capital program for major concrete repair within the garages. A major project in 2020 is the On-Street Meter (Pay Station) Replacement project. This work is beginning in 2019; however, the main expenditure will be in 2020 for all pay stations across the city. This is a necessary upgrade to a piece of aging infrastructure. This program is essential for maintaining healthy commercial areas, generation of significant General Fund revenue, and improving the customer experience. The project will be paid for by funds set aside in the Facilities and Maintenance Equipment Replacement Fund ($1M) and a request for General Fund capital funding ($250,000). If the project is fully funded, the replacement will include all pay stations within Boulder Junction. In alignment with the goals of the district, it is necessary to program district funds to provide for the overall vitality of each area and to plan for participation in city-wide efforts. To that end, there are other service enhancements and community priorities that are addressed in the CIP. Beginning in 2021, funding is included for miscellaneous public infrastructure improvements within Boulder Junction. 2020 Community Vitality Capital Projects • On-Street Meter (Pay-Station) Replacement • Parking Deck – Major Repairs • Fire Suppression and Sprinkler System Repairs • Garage Replacement at Randolph garage • Software Enhancements & Gateless Technology • Interior Tenant Finishes & Other Assistance • Pearl Street Mall Area Refresh Planning • University Hill Lighting & Alley Improvements Recommended Action Boulder Junction Commissions’ formal action would be to consider two separate motions; one for the Capital Improvement Plan, and one for the main budget. An affirmative vote from the commission will assist staff in guiding the Boulder Junction budgets through the next steps in the approval process. For Boulder Junction Access District – Parking Fund: 1) Recommended Action: “Motion to Recommend Adoption of the Proposed 2020 Boulder Junction Access District - Parking (BJAD-Parking) Annual Budget to the City Manager, the City Council, and the City Council acting as the BJAD - Parking Board of Directors.” City of Boulder Community Vitality Parking & Access | District Management | Economic Vitality 1500 Pearl Street, Suite 302 | Boulder, CO 80302 | phone 303-413-7300 | fax 303-413-7301 2) Recommended Action: “Motion to Recommend Adoption of the Proposed 2020 Boulder Junction Access District - Parking (BJAD-Parking) 2020-2025 Capital Improvement Plan (CIP) to the City Manager, the City Council, and the City Council acting as the BJAD – Parking Board of Directors.” For Boulder Junction Access District – Transportation Demand Management (TDM) Fund: 1) Recommended Action: “Motion to Recommend Adoption of the Proposed 2020 Boulder Junction Access District - Parking (BJAD-TDM) Annual Budget to the City Manager, the City Council, and the City Council acting as the BJAD - TDM Board of Directors.” 2) Recommended Action: “Motion to Recommend Adoption of the Proposed 2020 Boulder Junction Access District - Parking (BJAD-TDM) 2020-2025 Capital Improvement Plan (CIP) to the City Manager, the City Council, and the City Council acting as the BJAD – TDM Board of Directors.” There are several additional steps prior to the adoption of the budget. Staff will keep commissioners up to date on any significant changes to the budget or main assumptions within the budget package. Please see the attached documents for additional detail. Thank you for service and attention to the annual budget proposal. BOULDER JUNCTION ACCESS DISTRICT (BJAD) - PARKING 2019 FUND FINANCIALS2018 2019 2020 2021 2022 2023 2024 2025Actual Revised Recommended Projected Projected Projected Projected ProjectedBeginning Fund Balance 436,551$ 262,492$ 67,563$ 65,073$ 192,158$ 292,450$ 303,093$ 646,632$ Sources of FundsProperty Tax246,993$ 252,767$ 326,174$ 390,736$ 486,062$ 495,700$ 731,050$ 745,518$ Ownership Tax12,723 13,104$ 13,235$ 13,368$ 13,501$ 13,636$ 13,773$ 13,910$ Interest on Investment 6,344 5,512 1,601 1,627 4,804 7,311 7,577 16,166 Long Term Garage Parking Revenue 46,471 47,000 48,880 50,835 52,869 54,983 57,183 59,470 Short Term Garage Parking Revenue 47,921 37,066 38,178 38,942 39,720 40,515 41,325 42,152 Miscellaneous Revenue 25 25 25 25 25 25 25 25 Operating Transfer from BJAD-TDM - 25,000 175,000 - Total Sources of Funds 360,476$ 380,475$ 603,094$ 495,533$ 596,981$ 612,171$ 850,933$ 877,241$ Uses of FundsOperatingParking Garage operations - Contract 68,586$ 79,056$ 81,428$ 83,871$ 86,387$ 88,978$ 91,648$ 94,397$ BJAD - GID/Parking - Admin Personnel 1,628 21,753 48,592 50,536 52,557 54,659 56,846 59,120 BJGID/Admin Non-Personnel 19,102 27,106 27,648 27,648 28,201 28,201 28,765 28,765 Sub-Total Operating89,316$ 127,915$ 157,668$ 162,054$ 167,145$ 171,839$ 177,258$ 182,282$ Capital Improvement PlanAnnual CIP Projects-$ -$ -$ 75,000$ 100,000$ 100,000$ 100,000$ 100,000$ Sub-Total Capital-$ -$ -$ 75,000$ 100,000$ 100,000$ 100,000$ 100,000$ Transfers to Other FundsCost Allocation 26,267 28,537 28,965 29,108 29,544 29,690 30,135 30,284 Reimbursement of BJAD-TDM for Operating Transfer200,000$ -$ Sub-Total Expense Transfers 26,267$ 28,537$ 28,965$ 29,108$ 29,544$ 229,690$ 30,135$ 30,284$ DebtLease Purchase Payment: Pederson Development 416,667$ 416,667$ 416,667$ -$ -$ -$ -$ -$ Payment to CAGID for Operating Loan 2,285$ 2,285$ 2,285$ 2,285$ -$ -$ -$ -$ Payback to City of Boulder for Loan Gap - - - 100,000 200,000 100,000 200,000 300,000 Sub-Total Debt 418,952$ 418,952$ 418,952$ 102,285$ 200,000$ 100,000$ 200,000$ 300,000$ Total Uses of Funds 534,535$ 575,404$ 605,584$ 368,447$ 496,689$ 601,529$ 507,394$ 612,565$ Ending Fund Balance Before Reserves 262,492$ 67,563$ 65,073$ 192,158$ 292,450$ 303,093$ 646,632$ 911,307$ ReservesOperating 54,422$ 57,540$ 60,558$ 61,531$ 82,947$ 100,455$ 84,735$ 102,298$ PERA Legislative Contingency - 26 - - - - - 26 Total Reserves 54,422$ 57,566$ 60,558$ 61,531$ 82,947$ 100,455$ 84,735$ 102,324$ Ending Fund Balance After Reserves 208,070$ 9,997$ 4,514$ 130,628$ 209,503$ 202,637$ 561,897$ 808,983$ 2018 2019 2020 2021 2022 2023 2024 2025Actual Revised Projected Projected Projected Projected Projected ProjectedBeginning Fund Balance 202,363$ 426,335$ 472,950$ 560,967$ 729,912$ 881,354$ 1,191,920$ 1,411,390$ Sources of FundsProperty Tax140,023$ 142,824$ 278,764$ 312,353$ 584,062$ 593,471$ 744,580$ 756,920$ Ownership Tax7,393 7,141 13,938 15,618 29,203 29,674 37,229 37,846 Payments In Lieu of Taxes 311,900 76,918 277,929 317,336 105,515 90,032 55,551 35,551 Interest on Investment1,189 8,953 9,459 11,219 14,598 17,627 23,838 28,228 Transfer from BJAD-Parking (Reimbursement)200,000 Total Sources of Funds 460,505$ 235,836$ 580,090$ 656,526$ 733,378$ 930,803$ 861,199$ 858,544$ Uses of FundsTDM Admin Personnel 1,636$ 14,445$ 32,542$ 33,844$ 35,197$ 36,605$ 38,070$ 39,592$ TDM Admin NPE 11,448 2,623 6,874 7,011 7,152 7,295 7,441 7,589 TDM Programs 223,449 141,789 272,212 441,118 533,810 570,387 590,090 595,748 Cost Allocation - 5,364 5,445 5,608 5,777 5,950 6,128 6,312 Total Uses of Funds 236,533$ 164,221$ 317,073$ 487,582$ 581,936$ 620,237$ 641,729$ 649,242$ Transfers to Other FundsOperating Transfer to BJAD-Parking -$ 25,000$ 175,000$ -$ -$ -$ -$ Sub-Total Expense Transfers -$ 25,000$ 175,000$ -$ -$ -$ -$ -$ Total Uses of Funds 236,533$ 189,221$ 492,073$ 487,582$ 581,936$ 620,237$ 641,729$ 649,242$ Ending Fund Balance Before Reserves426,335$ 472,950$ 560,967$ 729,912$ 881,354$ 1,191,920$ 1,411,390$ 1,620,692$ ReservesOperating 43,026$ 27,425$ 52,951$ 81,426$ 97,183$ 103,580$ 107,169$ 108,423$ Total Reserves 43,026$ 27,425$ 52,951$ 81,426$ 97,183$ 103,580$ 107,169$ 108,423$ Ending Fund Balance After Reserves383,309$ 445,525$ 508,016$ 648,486$ 784,171$ 1,088,341$ 1,304,222$ 1,512,269$ BOULDER JUNCTION ACCESS DISTRICT (BJAD) - TRAVEL DEMAND MANAGEMENT (TDM) 2020 FUND FINANCIALS PROJECT NAME PROPOSED PROPOSED2 PROPOSED3 PROPOSED4 PROPOSED5 PROPOSED62020 2021 2022 2023 2024 20251100 - General FundPaystation (On-street Meters) Replacement250,000 - - - - - SUBTOTAL - GF250,000 - - - - - 6400 - Central Area General Improvement DistrictGarage Staircase Replacement 60,000 600,000 - - - Paystation (On-street Meters) Replacement- - - - - - Garage Exterior Brick Structure - Repair & Replacement- - 75,000 850,000 - Garage Fire Suppression and Sprinkler System150,000 250,000 250,000 - - - Parking Deck Concrete Repair400,000 400,000 400,000 400,000 400,000 400,000 Garage Elevator Repair and Replacement60,000 500,000 500,000 Door and Window Repair & Replacement200,000 HVAC System Repair and Upgrades20,000 300,000 20,000 300,000 Ceiling & Roof Repair/Replacement25,000 350,000 Gateless System Installation130,000 130,000 Software Enhancements (Customer Service Impr.)150,000 125,000 200,000 Interior Tenant Space Repairs & Finishes 50,000 50,000 200,000 50,000 50,000 50,000 Affordable Commercial Capital Assistance Program 100,000 100,000 100,000 100,000 100,000 100,000 Pearl Street Mall Refresh 65,000 SUBTOTAL - CAGID1,105,000 1,615,000 2,295,000 1,275,000 1,620,000 850,000 6500 - University Hill General Improvement DistrictHill Lighting Improvements 130,000 130,000 Hill Alley Program Implementation 55,000 - 90,000 90,000 SUBTOTAL - UHGID 185,000 130,000 90,000 90,000 - - 6800 - Boulder Junction - Parking GIDBoulder Junction Public Improvements 75,000 100,000 100,000 100,000 100,000 SUBTOTAL - BJADP- 75,000 100,000 100,000 100,000 100,000 TOTAL CV CAPITAL IMPROVEMENT PLAN1,540,000 1,820,000 2,485,000 1,465,000 1,720,000 950,000 MEMORANDUM From: Kurt Firnhaber, Director of Housing and Human Services To: BJAD Date: 7/17/19 Subject: Update on the 30Pearl Development Dear Commissioners, The development at 30Pearl is progressing through the entitlement phase and the Master Developer, Boulder Housing Partners, expects to commence construction of the affordable housing portions of the site on schedule in the fall. The following are details concerning the entitlement/construction process and the process to sell portions of the property to market developers. Entitlement/construction Process 1. Phase I Form based code review completed – site design 2. Phase I Form based code review completed - Quadrants 2 & 4A (south) where the affordable rental units owned by BHP are located; no council call up 3. Phase II Form based code review in process – Quadrants 1, 3 & 4B (north) & the park; possible council call up Quadrant 2 PARK 4. Quadrants 2 & 4B (north) finalizing Tec; permits have been submitted 5. Flood Plain Development permits in review Sale of Portions to Market Developers 1. The city received a LOI from Morgan Creek Ventures to purchase Q1 and is currently in negotiations around the purchase and sale agreement. 2. The Q3 site will be offered for sale later this year. Construction and final sale will be pending the completion of a garage that physically straddles and provides parking for both the Q2 & Q3 properties; final sale expected in fall 2020. The Q3 owner will be responsible for construction and maintenance of the adjacent park area however, ownership will remain with the city parks department. 3. The city is determining if Q4A (north) will be offered for sale concurrent to Q3. City of Boulder Community Vitality Parking & Access | District Management | Economic Vitality 1500 Pearl Street, Suite 302 | Boulder, CO 80302 | phone 303-413-7300 | fax 303-413-7301 To: Boulder Junction Access Districts Joint Commissions From: Melissa Yates, Access and Parking Manager Re: Depot Square Owners Association and Facility Update Staff is providing general information regarding the Depot Square Owners Association (the Owners), the Parking Management Agreement (PMA) formed by the Owners, and the role of Boulder Junction Parking and Boulder Junction – TDM Commissions as outlined in the PMA. Staff is providing an update on facility repair and maintenance, as well as the system upgrade. The Owners Parking Management Agreement (PMA) was established in July, 2013. The facility was turned over to the Owners in 2014. The first amendment to the PMA occurred on August, 2016. The PMA contemplates that Owners will maximize the use of the parking spaces within the Depot Square community by the implementation of “shared, unbundled, managed and paid (SUMP) parking in compliance with the City’s goals as set forth in the Transit Village Area Plan (“TVAP”) dated September, 2007. Pursuant to the PMA, the Owners have submitted their respective Parking Units to be governed by the PMA. Each Party’s Parking Units are as follows: o Depot: 10 o District: 100 o Hotel: 136 o Residential: 71 o RTD: 75 The Owners have been asked to lease thirty (30) parking spaces within the Parking Units to the residents of a nearby development. The PMA does not contemplate such leasing, but such leasing will encourage the use of the parking space during all hours, and not simply during business hours, thus making the Parking Units more efficient and embodying the purpose of the PMA and the City’s goals in the TVAP. The PMA amendment reflecting the parking lease proposal was signed by the Owners in June, 2019. Once the lease agreement for the thirty parking spaces has been signed by all parties, the garage parking access system will be upgraded to a non-gated system. Some general background on the role of the District Parking Unit as it relates to the PMA follows: The Parties recognize and the District agrees that, except for the RTD Parking Unit, the District shall provide the following support and duties in its capacity as the District regardless of whether it owns a Parking Unit: a. Monitor the use of the Parking Facility to ensure that the SUMP Principles and the rules of the District are complied with. b. Propose procedure and implement Pooled Parking procedure for Owner approval in accordance with this Agreement and the Declaration. c. Determine the amount of fees for General Public Users. d. Seek strategic opportunities to maximize the use of parking in the Parking Facilities and throughout the District. e. Coordinate with the Boulder Junction Access General Improvement District- Travel Demand Management to implement the goals of both Districts. f. Provide input to the Budget for the Parking Facility. Questions for the Commissions: 1. Are there any questions about the status of the Depot Square parking garage upgrades? 2. Are there any questions about the District’s defined supporting role and related duties? Thank you for your continued service to the City of Boulder and your respective Districts.