A motion of the Board of the Central Puget Sound Regional Transit Authority To approve the establishing and funding of the Transit-Oriented Development Program for fiscal year (FY) 2001 and providing funding in the amount of $1.03 million.
Background:
It is Sound Transit’s primary mission to provide a high-capacity transportation system in the Central Puget Sound Region. In order to realize this, real property will need to be acquired for Sound Move projects. While the acquisition of this real property will serve the transit system, it may also have secondary uses and provide some benefits. These benefits may include real estate development opportunities that could increase ridership and provide a variety of housing, retail, office, or other supportive uses to stations and surrounding communities. These potential opportunities would be linked with the objectives and goals of the neighborhoods and jurisdictions where Sound Move capital projects are planned.
The maximum benefit, in some cases, may be achieved by liquidating the real property asset, selling ground leases or air rights, or partnering with developers to create real estate developments that support the objectives of Sound Transit and the communities. Two Board adopted policies that support these activities include the Transit-Oriented Development (TOD) Program criteria (Resolution No. R98-22) and the Surplus Property Policies and Procedures (Resolution No. R99-35). TOD will provide the resources necessary to implement policies and procedures that support these activities and opportunities.
The Transit Oriented Development Program will provide the resources necessary to implement policies and procedures that support these activities and opportunities.
Motion:
It is hereby moved by the Board of the Central Puget Sound Regional Transit Authority that the Transit-Oriented Development Program for FY 2001 is adopted as set forth herein and that that funds in the amount of $1.03 million are hereby approved FYfor FY 2001 budget will be allocated to support the Transit-Oriented Development Program.
TOD Program for FY 2001
Jurisdiction Coordination
Sound Transit will continue to collaborate with other jurisdictions and governmental entities in the identification, evaluation, and facilitation of TOD. Public and private partnerships will be developed to leverage Sound Transit’s investment in TOD, maximizing joint marketing and development opportunities. This work may also include the establishment of developer incentives for TOD.
Training/Outreach/Technical Assistance
Staff will provide training and technical assistance to internal and external partners, including local jurisdictions. Technical and project support will be provided by staff and consultants as time and budget allow. Staff time and financial resources will be devoted to internal training, so that Lines of Business Project Managers can be responsible for some TOD work. Staff time and financial resources will be allocated for external training, so that outside entities are trained on how to perform TOD work.
Acquisition/Relocation Coordination
Work with the Acquisition/Relocation, Civil and Architectural teams to address system and property owner issues that relate to TOD and foster solutions.
TOD Project Development Work
TOD staff will spend significant time planning for and implementing the potential development of seven TOD projects: four Central Link Light Rail, two Sounder Commuter Rail, and one Regional Express (see Attachment A for TOD Project Development Detail).
Program Management and Policy Development
Manage the TOD program and work to develop a policy to support and enhance the program. This includes assistance in developing funding mechanisms with other public entities to encourage TOD and developing resource lists for financial and professional assistance to those interested in TOD.
TOD Subcommittee
Continue to provide staffing to assure meaningful sessions occur in a timely and responsive manner and remain responsive to members' needs.
Transit-Oriented Community Development Fund
Provide technical assistance to Transit-Oriented Community Development Fund.
TOD Research
Time and budget will be allocated to the pursuit of research subjects such as TOD case studies, station area zoning maps, land value studies, and area market reports. This research will provide valuable information for partner jurisdictions in their station area planning efforts as well as assisting the TOD Program in creating a baseline for future developments.
Fund Pursuit
Additional funding for the TOD Program will continue to be pursued to augment the TOD Program by grants and other outside sources of funding. All funds received will remain within the TOD program and will be spent according to the program’s guidelines. The TOD program will have a dedicated line item in the Real Estate & Facilities division budget for both capital and operating revenues and expenses to accurately track funds received and expended (see Attachment B for TOD Potential Grant Funding Sources Detail).
Staff Increase
The hiring of 2 full-time employees (a Project Assistant, and a Project Manager) is proposed to reduce the workload of the existing staff and to allow for increased project capacity.
Phase II Planning
TOD, as well as other land use issues, is among the elements being considered and discussed during the pre-planning for the environmental assessment process for Phase II. This approach will be discussed with the Board as it is developed. TOD Staff is committed to working with Systems Integration to examine how TOD concepts might be incorporated into the planning for developing this process.
Subject to final Sound Transit Board approval, staff expects to release a request for proposal covering Future Phase HCT Alternatives Analyses and a NEPA Environmental Process by January 2001. This is a multi-year effort, meant to enable the Sound Transit Board to craft a Phase II Implementation plan for submission to voters by November 2004 at the latest.
APPROVED by the Board of the Central Puget Sound Regional Transit Authority at a regular meeting thereof held on the ___________ day of _____________________ 2000.
David Earling
Board Chair
ATTEST:
Marcia Walker
Board Administrator
STAFF REPORT Sound Transit MOTION NO. M2000-90 Proposal to adopt a Transit-Oriented Development Program for Sound Transit
| Meeting: | Date: | Type of Action: | Staff Contact: | Phone: |
| Transit-Oriented
Development Subcommittee Executive Committee Board |
9/21/00
10/6/00 10/12/00 |
Discussion
Discussion/Possible Action Action |
Alyce Conti, TOD
Project Manager Ken Robertson, Project Coordinator Jeri Cranney, Manager Real Estate |
(206) 398-5238 (206) 689-4920 (206) 689-4934 |
PROPOSED ACTION
Authorizes the establishment and funding of the Transit-Oriented Development (TOD) Program for fiscal year (FY) 2001.
KEY FEATURES
DISCUSSION OF PROPOSED ACTION
It is Sound Transit’s primary mission to provide a high-capacity transportation system in the Central Puget Sound Region. In order to realize this, real property will need to be acquired for Sound Move projects. While the acquisition of this real property will serve the transit system, it may also have secondary uses and provide some benefits. These benefits may include real estate development opportunities that could increase ridership and provide a variety of housing, retail, office, or other supportive uses to stations and surrounding communities. These potential opportunities would be linked with the objectives and goals of the neighborhoods and jurisdictions where Sound Move capital projects are planned.
In some cases, the maximum benefit may be achieved by liquidating the real property asset, selling ground leases or air rights, or partnering with developers to create real estate developments that support the objectives of Sound Transit and the communities. Two Board adopted policies that support these activities include the TOD criteria (Resolution No. R98-22) and the Surplus Property Policies and Procedures (Resolution No. R99-35).
In order to further support these policies, the Transit-Oriented Development Program is proposed for adoption.
ELEMENTS
Jurisdiction Coordination
Sound Transit will continue to collaborate with other jurisdictions and governmental entities in the identification, evaluation, and facilitation of TOD. Public and private partnerships will be developed to leverage Sound Transit’s investment in TOD, maximizing joint marketing and development opportunities. This work may also include the establishment of developer incentives for TOD.
Training/Outreach/Technical Assistance
Staff will provide training and technical assistance to internal and external partners, including local jurisdictions. Technical and project support will be provided by staff and consultants as time and budget allow. Staff time and financial resources will be devoted to internal training, so that Lines of Business Project Managers can be responsible for some TOD work. Staff time and financial resources will be allocated for external training, so that outside entities are trained on how to perform TOD work.
Acquisition/Relocation Coordination
Work with the Acquisition/Relocation, Civil and Architectural teams to address system and property owner issues that relate to TOD and foster solutions.
TOD Project Development Work
TOD staff will spend significant time planning for and implementing the potential development of seven TOD projects: four Central Link Light Rail, two Sounder Commuter Rail, and one Regional Express (see Attachment A for TOD Project Development Detail).
Program Management and Policy Development
Manage the TOD program and work to develop a policy to support and enhance the program. This includes assistance in developing funding mechanisms with other public entities to encourage TOD and developing resource lists for financial and professional assistance to those interested in TOD.
TOD Subcommittee
Continue to provide staffing to assure meaningful sessions occur in a timely and responsive manner and remain responsive to members' needs.
Transit-Oriented Community Development Fund
Provide technical assistance to Transit-Oriented Community Development Fund.
TOD Research
Time and budget will be allocated to the pursuit of research subjects such as TOD case studies, station area zoning maps, land value studies, and area market reports. This research will provide valuable information for partner jurisdictions in their station area planning efforts as well as assisting the TOD Program in creating a baseline for future developments.
Fund Pursuit
Additional funding for the TOD Program will continue to be pursued to augment the TOD Program by grants and other outside sources of funding. All funds received will remain within the TOD program and will be spent according to the program’s guidelines. The TOD program will have a dedicated line item in the Real Estate & Facilities division budget for both capital and operating revenues and expenses to accurately track funds received and expended (see Attachment B for TOD Potential Grant Funding Sources Detail).
Staff Increase
The hiring of 2 full-time employees (a Project Assistant, and a Project Manager) is proposed to reduce the workload of the existing staff and to allow for increased project capacity.
Phase II Planning
TOD, as well as other land use issues, is among the elements being considered and discussed during the pre-planning for the environmental assessment process for Phase II. This approach will be discussed with the Board as it is developed. TOD Staff is committed to working with Systems Integration to examine how TOD concepts might be incorporated into the planning for developing this process.
Subject to final Sound Transit Board approval, staff expects to release a request for proposal covering Future Phase HCT Alternatives Analyses and a NEPA Environmental Process by January 2001. This is a multi-year effort, meant to enable the Sound Transit Board to craft a Phase II Implementation plan for submission to voters by November 2004 at the latest.
BUDGET
The total program budget for 2001 is $1.03M (see Attachment C for the Proposed TOD Program Budget for FY2001).
Alternatives
Consequences of Delay
Delay in adoption of a Transit-Oriented Development Program may result in missed opportunities for project development, preservation of future options, and potential revenue recognition.
Regional Partnership and Cooperation
The development of this program has been aided by the cooperative efforts provided by Puget Sound Regional Council, City of Seattle, King County, and 1000 Friends of Washington staff.
Legal Review
MBL 9/6/00