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Transportation 360: Transforming Transit for a
Growing Community
Why Do a COA?
Gain a deep understanding of
Roseville Transit’s current operations.
Identify areas for improvement. Optimize efficiency. Enhance customer satisfaction Introduction
Overview of the COA:The Transportation 360 COA is a major transit planning initiative for the City of Roseville, aimed at enhancing transit access, reliability, and connectivity for all residents.Project Goals:
Improve Rider Experience and Service Coverage: The project focuses on developing plans that better serve passengers, ensuring that transit services are user-friendly and efficient.Support City Growth with Sustainable Transit Solutions: The initiative aims to enhance connections to existing bike lanes and trails, promoting multi-modal transportation options that align with the city's growth.Adapt Services Post-Pandemic to Meet Evolving Travel Needs: Recognizing the shifts in travel behavior due to the pandemic, the project seeks to address new transit needs and Why Was the COA Necessary?
City Growth
Roseville is experiencing a rapid
population increase, contributing
to significant suburban
development. This growth
necessitates an adaptable transit
system that can accommodate a
larger and more diverse
community.
Economic Expansion
The city has seen a rise in
employment opportunities and the
establishment of commercial hubs,
further driving the need for efficient
transit solutions. As businesses
expand, the demand for accessible
public transportation increases,
allowing residents to commute
easily to work and other
destinations.
Transit Demand
With the ongoing growth of the
population and economy, there is an
increased need for efficient public
transportation. This demand
highlights the importance of the
Transportation 360 Project in
ensuring that transit services are
aligned with the evolving needs of
Roseville’s residents.
Project Approach
Data Collection & Analysis:The project begins with comprehensive data collection, which includes ridership surveys, traffic studies, and geographic data. This information is crucial for understanding current transit usage patterns and identifying areas for improvement.Community Engagement:Engaging the community is a vital part of the project approach. This involves conducting public surveys, hosting open houses, and utilizing digital outreach methods to gather feedback from residents. The goal is to ensure that the voices of the community are heard and integrated into the planning process.Pandemic Considerations:The project takes into account the shifts in commuting patterns and transit usage resulting from the COVID-19 pandemic. By analyzing these changes, the project aims to adapt transit services to better meet the evolving needs of the community in a post-pandemic environment.
Public Engagement
Overview Importance of Engagement: Public engagement is crucial for the Transportation 360 Project as it ensures that transit services align with community needs and preferences. By actively involving residents, the project fosters a sense of ownership and encourages feedback that can lead to more effective solutions. Engagement activities also help build public trust and transparency, demonstrating that the city values the input of its residents in shaping transit services.
Engagement Activities:The project includes a variety of engagement activities designed to gather comprehensive feedback from the community:
Rider Surveys: Targeting current transit users to understand their experiences and needs.Commuter Surveys: Gathering insights from individuals who commute to and from Roseville, including non-riders.
Two Public Open Houses: Facilitating in-person discussions where community members can learn about the project and share their thoughts.FlashVote Surveys: Utilizing quick, digital surveys to capture real-time feedback on specific questions or proposals.
Key Public Priorities
Top Community Priorities:The community has identified several key priorities for the Transportation 360 Project, including:Enhanced Route Efficiency: Improving the efficiency of existing routes to ensure quicker and more reliable service for riders.
Extended Service Hours: Expanding service hours to accommodate riders who need transit options outside of traditional operating times. Commuter Amenities: Increasing amenities for commuters, such as better waiting areas, shelters, and information displays.
Desired Service Improvements:Despite the positive feedback, there are key areas that require attention:On-Demand Services: Implementing on-demand transit options to provide flexible transportation solutions tailored to rider needs. Extended Routes: Expanding existing routes to cover more areas and connect with additional destinations.
New Stops in Underserved Areas: Adding new stops in neighborhoods that currently lack adequate transit access, ensuring equitable service for all residents.
Anticipated Benefits for
Roseville Community Benefits:
Improved Accessibility: Enhanced transit options will provide better access to essential services and destinations for all residents, including those without private transportation. Reduced Traffic: Increased public transit usage is expected to alleviate congestion on local roads, leading to smoother traffic flow and shorter travel times. Environmental Gains: Transitioning to an electric fleet and promoting public transit will contribute to lower emissions and a healthier environment for the community.
Economic and Social Impact: Increased Ridership: The improvements in service and accessibility are projected to lead to a significant rise in ridership, fostering a more robust public transit system. Support for Local Businesses: Enhanced transit services will connect residents to local businesses, driving economic growth and supporting the local economy. Enhanced Quality of Life: By providing reliable transportation options, the project aims to improve overall quality of life for Roseville residents, making the community more livable and vibrant.
Projected Travel Time Savings
Trip Start Trip End Current Travel Time Projected Travel TimeSierra Gardens Galleria 28 minutes 22 minutesHighland Reserve Stanford Crossing 31 minutes 18 minutesBlue Oaks Downtown Roseville 43 minutes 26 minutesWest Park Blue Oaks 25-50 minutes 16 minutesPleasant Grove Sutter Hospital 1h 8 minutes 37 minutesJohnson Ranch Sutter Hospital 1h 4 minutes 28 minutesLouis Orlando Transfer Center Santucci Justice Center 56 minutes 42 minutes A New Vision for
Roseville Transit
Local Service:
Route Adjustments: Implement route adjustments to better serve highdemand areas, ensuring that transit services align with the needs of the community. The preferred service plan eliminates loops and out of direction travel.
Arrow:
New Arrow Zones: Expand the Arrow Service by adding more on-demand zones in underserved areas. This enhancement will improve transit access for residents in these regions, allowing for flexible and responsive transportation options.Increased Frequency: Propose an increase in service frequency on key routes to enhance accessibility and reduce wait times for riders.
Existing Route Map
Proposed Route 3
Improvements
New Areas Served: Fast connection between Downtown Roseville and the Galleria and new development areas in the north.Increased Frequency: Route will operate every 30 minutes on weekdays Proposed Route 5
Improvements
New Areas Served: Shops along Fairway will be servedIncreased Frequency: Route will operate every 30 minutes on weekdaysImproved Service to Santucci Justice Center: Route will provide all day service to the Justice Center Rapid Link and
Commuter Service Enhancements Rapid Link:
High-Frequency Service: Introduce a high-frequency transit service connecting residential areas directly to major employment centers. This service aims to provide reliable and quick transportation options for commuters, enhancing overall accessibility.
Commuter Service:
New Direct Routes: Establish new direct routes to Downtown Sacramento, designed to provide efficient transportation for commuters. These routes will feature less frequent stops to minimize travel time and enhance convenience.
Fares and Fleet
Fare Adjustments:
Explore potential fare changes aimed at supporting the financial sustainability of the transit system. These adjustments will help ensure adequate funding for ongoing operations and service enhancements.
Fleet Management:
Focus on fleet replacement and electrification initiatives to improve costefficiency and promote sustainability. Transitioning to an electric fleet will reduce operational costs and environmental impact over time.
Financial and
Operational Sustainability
Preferred Service Plan Costing
• Significant Service Enhancements: The Preferred Service Plan introduces new transit options and improvements, including expanded coverage, increased frequencies, and the addition of Rapid Link services. These changes directly address community priorities for better accessibility, reliability, and reduced travel times. • Increased Ridership: These enhancements are designed to attract more riders by improving the overall transit experience. With more frequent and reliable service, the plan meets the needs of residents while boosting ridership across the system. • Operational Efficiency: Optimized routes, data-driven scheduling, and improved fleet utilization ensure that the service improvements are delivered effectively without major cost increases. • Minimal Cost Growth: The plan achieves these improvements with only a nominal increase in costs compared to the “do nothing” scenario:
• Rapid Link Grant Funding: A three-year grant fully funds the Rapid Link service, covering $1.52M in Year 1 and subsequent years. This means the City incurs no additional costs for this critical service expansion during the grant period. • Community and Economic Benefits: These targeted improvements deliver wide-ranging benefits, including reduced congestion, greater access to essential services, and stronger support for local businesses—all while maintaining fiscal responsibility. *Rapid Link Costs funded through a grant
Implementation Plan
Phased Rollout:Key Steps:
Phase 0: Preparation: Scheduled for February/March 2025, this phase will focus on foundational preparations, including stakeholder engagement and initial planning.Phase 1-4: Service additions and enhancements will occur from April 2025 through July 2026, gradually implementing the recommended changes to the transit system.
Data Integration: Ensure that all data systems are integrated to support the new services and enhancements effectively.Public Updates: Provide regular updates to the public to keep the community informed about changes and improvements throughout the implementation process.New Route Introductions: Introduce new routes and services in phases, ensuring a smooth transition and minimizing disruption to existing services.
Closing and Next
Steps Final Thoughts:
Next Steps:
Transportation 360: Positioned as a comprehensive blueprint for the future of Roseville’s transit system, aiming to enhance accessibility, sustainability, and community engagement. The project represents a strategic vision for transforming public transportation in the area.Implementation of Phases: Begin the phased rollout of the project, ensuring that each stage is executed effectively and aligns with the overall goals.Ongoing Engagement: Maintain continuous communication with the community and stakeholders to gather feedback, address concerns, and keep everyone informed about progress.Evaluation: Establish mechanisms for evaluating the success of the implemented changes, ensuring that the transit system meets the needs of the community and adapts as necessary.
COUNCIL COMMUNICATION
CC #: 3735
File #: 0206-03-01
Title: Tax Equity and Fiscal Responsibility Act Hearing for Heritage Park Apartments Contact: Jeannine Thrash 916-774-5473 [email protected] Meeting Date: 2/5/2025
Item #: 10.1.
RECOMMENDATION TO COUNCIL
Staff recommends the City Council:
1. Conduct a Tax Equity and Fiscal Responsibility Act Hearing in consideration of the issuance of tax-exempt bond financing by the California Statewide Communities Development Authority for the benefit of Heritage Park Apartments Roseville, LP, to refinance the acquisition, rehabilitation, improvement, and equipping of a 328-unit multifamily rental housing project generally known as Heritage Park Apartments.
2. Adopt a resolution approving the issuance of Bonds by the California Statewide Communities Development Authority not to exceed $35,000,000, for the benefit of Heritage Park Apartments Roseville, LP, to refinance the acquisition, rehabilitation, improvement and equipping of a 328-unit multifamily rental housing project generally known as Heritage Park Apartments.
BACKGROUND
Heritage Park Apartments Roseville, LP (the “Borrower”) has requested that the California Statewide Communities Development Authority (“CSCDA”) serve as the municipal issuer of taxexempt multi-family housing revenue bonds in an aggregate principal amount not to exceed $35,000,000 (the “Bonds”). The proceeds of the Bonds will be used for the purpose of making a loan to the Borrower, to enable the Borrower to refinance the acquisition, rehabilitation, improvement and equipping of a 328-unit affordable multifamily housing rental project located at 1098 Woodcreek Blvd., Roseville, California (the “Project”), which is owned and operated by the Borrower. Built in 1992 and renovated in 2008, the Project has been well maintained and is comprised of 328 units, with 20% of the units restricted to 50% of Area Median Income (AMI) and 80% of units restricted at 60% AMI. The affordability restrictions on the property will remain until expiration of the 2008 Tax Credit Allocation Committee (TCAC) Agreement in 2063. The City of Roseville held a prior Tax and Equity Fiscal Responsibility Act (TEFRA) hearing and approved the original financing of the Project on October 17, 2007 and CSCDA issued the existing variable rate bonds in January of 2008. The proposed refunding Bonds will be fixed rate credit enhanced for 10 years by Fannie Mae. The refunding and reissuance of the bonds allows the Borrower an interest rate that is approximately 1% lower than taxable financing. The refunding bonds are considered a reissuance which require a new TEFRA approval by the City.
In order for all or a portion of the Bonds to qualify as tax-exempt bonds, the City of Roseville (“City”) must conduct a public hearing (the “TEFRA Hearing”) providing the members of the community an opportunity to speak in favor of or against the use of tax-exempt bonds for the financing of the Project. Adoption of the resolution is solely for the purposes of satisfying the requirements of the TEFRA, the Internal Revenue Code and the California Government Code Section 6500 (and following). Prior to such TEFRA Hearing, reasonable notice must be provided to the members of the community. Following the close of the TEFRA Hearing, an “applicable elected representative” of the governmental unit hosting the Project must provide its approval of the issuance of the Bonds for the financing of the Project.
CSCDA is a joint powers authority sponsored by the League of California Cities ("League") and the California State Association of Counties ("CSAC"). CSCDA was created by the League and CSAC in 1988 to enable local government and eligible private entities access to low-cost, taxexempt financing for projects that provide a tangible public benefit, contribute to social and economic growth, and improve the overall quality of life in local communities throughout California.
CSCDA is comprised of more than 530 members, including the City of Roseville, which has been a member since 1994. CSCDA has issued more than $75 billion through 1,700 plus financings since 1988 and consistently ranks in the top 10 of more than 3,000 nationwide public issuers of tax-exempt debt, as measured by annual issuance amount.
FISCAL IMPACT
There is no fiscal impact to the City. The Bonds will be issued as limited obligations of CSCDA, payable solely from revenues and receipts derived from a loan to be made by CSCDA to the Borrower with the Bond proceeds. The City bears no liability with respect to the issuance of the Bonds. Further, the City is not a party to any of the financing documents related to the Bond issuance and is not named in any of the disclosure documents describing the Bonds or the proposed financing.
ENVIRONMENTAL REVIEW
The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonably foreseeable indirect physical change in the environment, or is otherwise not considered a project as defined by CEQA Statute §21065 and CEQA State Guidelines §15060(c)(3) and §15378. Adoption of the resolution to issue tax-exempt bond financing meets this criteria and is not subject to CEQA. In addition, environmental review for the Heritage Park Apartments project was previously completed in the Northwest Roseville Specific Plan EIR (certified May 1989 SCH# 1988051623) and is independent of this particular action. No additional environmental review is required.
CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Goal A - Remain fiscally responsible in a changing world Respectfully Submitted,
Jeannine Thrash, Management Analyst
Dennis Kauffman, Assistant City Manager/Chief Financial Officer _____________________________
Dominick Casey, City Manager
ATTACHMENTS:
Description
Resolution 25-020
Notice of Public Hearing
RESOLUTION 25-020
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEVILLE APPROVING THE ISSUANCE BY THE CALIFORNIA
STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY OF
EXEMPT FACILITY BONDS FOR THE HERITAGE PARK
APARTMENTS
WHEREAS, the California Statewide Communities Development Authority (the "Authority") is authorized pursuant to the provisions of California Government Code Section 6500 et seq. and the terms of an Amended and Restated Joint Exercise of Powers Agreement, dated as of June 1, 1988 (the "Agreement"), among certain local agencies throughout the State of California, including the City of Roseville (the "City"), to issue revenue bonds in accordance with Chapter 7 of Part 5 of Division 31 of the California Health and Safety Code for the purpose of financing multifamily rental housing projects; and
WHEREAS, Heritage Park Apartments Roseville, LP or a partnership of which St. Anton Capital, LLC (the "Developer") or a related person to the Developer is the general partner, has requested that the Authority adopt a plan of financing providing for the issuance of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Internal Revenue Code of 1986 (the "Code") in one or more series issued from time to time, including bonds issued to refund such exempt facility bonds in one or more series from time to time, and at no time to exceed $35,000,000 in outstanding aggregate principal amount (the "Bonds"), to finance or refinance the acquisition, rehabilitation and development of a multifamily rental housing project located at 1098 Woodcreek Boulevard, Roseville, California (the "Project"); and WHEREAS, pursuant to Section 147(f) of the Code, prior to their issuance, the Bonds are required to be approved by the "applicable elected representative" of the governmental units on whose behalf such bonds are expected to be issued and by a governmental unit having jurisdiction over the entire area in which any facility financed by such bonds is to be located, after a public hearing held following reasonable public notice; and
WHEREAS, the members of this City Council (this "City Council") are the applicable elected representatives of the City; and
WHEREAS, there has been published, at least 7 days prior to the date hereof, in a newspaper of general circulation within the City, a notice that a public hearing regarding the Bonds would be held on a date specified in such notice; and
WHEREAS, such public hearing was conducted on such date, at which time an opportunity was provided to interested parties to present arguments both for and against the issuance of the Bonds; and
WHEREAS, the Authority is also requesting that the City Council approve the issuance of any refunding bonds hereafter issued by the Authority for the purpose of refinancing the Bonds which financed the Project (the "Refunding Bonds"), but only in such cases where federal tax laws would not require additional consideration or approval by the City Council; and WHEREAS, it is intended that this resolution shall constitute the approval of the issuance of the Bonds required by Section 147(f) of the Code and Section 9 of the Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROSEVILLE AS FOLLOWS:
Section 1. The City Council hereby approves the issuance of the Bonds and the Refunding Bonds by the Authority for the purposes of financing the Project. It is the purpose and intent of the City Council that this Resolution constitute approval of the issuance of the Bonds by the Authority, for the purposes of (a) Section 147(f) of the Code by the applicable elected representative of the governmental unit having jurisdiction over the area in which the Project is located, in accordance with said Section 147(f) and (b) Section 9 of the Agreement.
Section 2. The officers of the City are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents that they deem necessary or advisable in order to carry out, give effect to and comply with the terms and intent of this Resolution and the financing approved hereby.
Section 3. The City Council expressly conditions its approval of this Resolution on its understanding that the City shall have no obligation whatsoever to pay any principal, interest, fees or any other costs associated with the Authority’s issuance of the Bonds for the financing of the Project.
Section 4. This resolution shall take effect from and after its passage and approval.
PASSED AND ADOPTED by the Council of the City of Roseville this 5th day of February, 2025, by the following vote on roll call:
AYES COUNCILMEMBERS:
NOES COUNCILMEMBERS:
ABSENT COUNCILMEMBERS:
Mayor
ATTEST:
City Clerk
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that, at 6:00 p.m., or as soon thereafter as the matter can be heard, on Wednesday, February 5, 2025, at the City Council Chambers, 311 Vernon Street, Roseville, California, the City Council of the City of Roseville (the "City") will conduct a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 (the "Code"), at which it will hear and consider information concerning a proposed plan of financing providing for the issuance by the California Statewide Communities Development Authority of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Code in one or more series issued from time to time, including bonds issued to refund such exempt facility bonds in one or more series from time to time, and at no time to exceed $35,000,000 in outstanding aggregate principal amount, to finance or refinance the acquisition, rehabilitation and development of a multifamily rental housing project located at 1098 Woodcreek Boulevard, Roseville, California. The facilities are to be owned by Heritage Park Apartments Roseville, LP (the "Borrower") or a partnership of which St. Anton Capital, LLC (the "Developer") or a related person to the Developer is the general partner (the "Project").
Those wishing to comment on the proposed financing or refinancing and the nature and location of the Project may either appear in person at the public hearing or submit written comments, which must be received by the City prior to the hearing. Written comments should be sent to City of Roseville at 311 Vernon Street, Roseville, California 95678 Attention: City Clerk or email to [email protected].
CITY CLERK
CITY OF ROSEVILLE
Dated: January __, 2025