Loading...
HomeMy WebLinkAboutCalifornia, State of - Governor's Office of Business and Economic Development Grant Agreement - 9-10-2025Page 1 of 3 Exhibit A PROGRAM SCOPE: Consistent with the Governor’s 2023-24 May Revision proposal, it was the intent of the Legislature to appropriate a total of $250 million to the City of Fresno (City) over three fiscal years (FY24, FY25, FY26). However, some of the funding was delayed. The 2023- 24 budget appropriated $50 million to the City through Agreement LGBSF-COF-2023. $100 million has now been appropriated to the City from the 2025-26 budget cycle, with a remaining amount of $100 million to be determined next fiscal year, all to support the City’s public infrastructure plan. The 2025-26 appropriation of $100 million brings the total state investment to $150 million to date. Exhibit A outlines the Funding Pillars for the full $250 million, but the Project Budget defines the scope for the 2025-26 year, utilizing $100 million awarded by the Governor’s Office of Business and Economic Development (GO-Biz). As envisioned by the City, and consistent with locally adopted land use plans and regulations and in coordination with private and public property owners/developers, this investment will ensure the necessary infrastructure supports the development of mixed income, mixed use housing and development near transit and high-quality public amenities and public spaces. The City continues to leverage this investment to spur private and additional public sector investment and grow from approximately 3,000 residents to more than 10,000 living in the downtown core. The City will utilize the full $250 million to implement the Downtown Fresno Public Infrastructure Plan by making infrastructure improvements in the categories outlined below: The 2023-24 investment was heavily weighted in pre-construction tasks necessary to begin construction and development of the public infrastructure plan. Objectives for the 2025-26 funding cycle aim to create noticeable progress and generate enthusiasm for subsequent phases, and is focused on construction and catalytic housing development. Downtown Fresno Public Infrastructure Plan | Funding Pillars Green Space Streets and Sidewalks Intermodal Center Water Distribution Waste Water Storm Water Catalytic Development Parking Structures Page 2 of 3 During 2025-26, the City anticipates ongoing collaboration with stakeholders on this transformative journey for Downtown Fresno and Chinatown. While significant community engagement, specific planning, and neighborhood community planning previously occurred through various City and community efforts, it is best practice, especially post- pandemic, to reengage stakeholders, complete design – market - and economic assessments, refresh community asset mapping, and provide opportunities for engagement surrounding the City’s public infrastructure improvements. Upon the full execution of this AGREEMENT, the City will advance the design-build contracts, move forward with awarding construction contracts, and continue developing a program to invest in catalytic housing development projects. Because the procurement and guaranteed maximum price in the design-build contracts process for all projects has not yet occurred, estimated expenses are included in the line-item budget detail for 2025-26. As part of this comprehensive outreach and planning effort, the Downtown Fresno Public Infrastructure Plan (Plan), representing a significant commitment to downtown revitalization, was enhanced. A scope of work for the full $250 million included in the Downtown Plan was provided to GO-Biz during the 2023-24 phase of the investment. The Plan includes input from property owners, small businesses, community partners, developers, and recipients of federal or state funds related to economic development and infrastructure projects in and around the Plan area, High-Speed Rail Station Area and related to the multiple investments by state and federal authorities. The Plan demonstrates how the $250 million investment will leverage and expand upon other public and private investments, provide a commitment to inclusive and equitable development and provide detailed information as to the proposed outcomes associated with this investment, including potential job creation, mix of housing units, number of housing units, and other pertinent information illustrative of the investment’s impact in relation to other state and federal investments. WHITEPAPER(S): As part of the 2025-26 investment, the City will develop strategic documentation – including a high-level white paper(s) and companion toolkit – designed to serve as a model for downtown revitalization in other California communities. This will include efforts to leverage additional public and private investments. In addition to regular reporting, the City will produce a high-level white paper outlining key elements of Fresno’s downtown revitalization strategy. This document(s) will highlight the City’s pre- construction approach to zoning, infrastructure investment, and long-term planning. Other elements will include implementation, staffing, capital project delivery, and much more—providing a framework for broader statewide learning and replication. TOOLKIT: The City will also develop a companion toolkit designed to illustrate transferable practices, lessons learned, and implementation strategies that can inform and inspire similar efforts in other California communities. Both the white paper(s) and toolkit will be delivered in a format that is accessible and adaptable for jurisdictions seeking to replicate Fresno’s model. Page 3 of 3 REPORTING: To ensure transparency and accountability, the City will submit bimonthly reports to GO- Biz throughout the term of this Agreement and will include expenditure breakdowns, project progress, and covered services and activities. Should GO-Biz request more frequent reporting the City will accommodate such requests. Due Dates: Reports will be due 30 days after the applicable Bimonthly Reporting Periods below: • July 1 – August 31 • September 1 – October 31 • November 1 – December 31 • January 1 – February 28 • March 1 – April 30 • May 1 – June 30 BUDGET: To ensure the timely execution of project construction awards, multiple procurement and agreement efforts will be required, as well as appropriate City Council actions. Pre-Construction: While significant pre-construction was completed during the 2023-24 phase, the line-item budget detail is estimated below and includes some topographic surveying, utility investigation, geotechnical investigation, engineering services for preparation of plans, permitting, specifications, and bid documents, project bidding, contract awards, site selection efforts, site acquisition, legal, administration, and appropriate environmental review. Downtown Fresno Infrastructure funds may require adjustments between line-items as pre-construction work progresses. Reporting for the 2025-26 funding will be provided as outlined below: DESCRIPTION INFO ONLY 2023-24 2025-26 PENDING 2026-27 Project Management Oversight 3,859,250 $4,012,188 Public Infrastructure Pillar Green Space 7,100,000 0 14,992,900 Streets and Sidewalks 20,000,000 Intermodal Center 0 20,000,000 Water Distribution 11,000,000 0 Wastewater 12,951,200 0 Stormwater 0 25,000,000 Catalytic Development 2,140,928 26,029,334 40,007,100 Parking Structure(s) 20,041,522 49,958,478 Total Budget $50,000,000 $100,000,000 $100,000,000 NOTE: Chart does not reflect leveraged funding.