Council to Vote on Using Hamilton Property Sale Money for Downtown SMART Train Phase 2

Novato City Council Meeting 901 Sherman Ave. Tuesday, July 10 6 p.m. Email: novatocouncil@novato.org The Novato City Council will be voting to use Hamilton property sales money to fund the second phase of the Downtown SMART station. The staff is recommending the 500k from the sale of the property that is is going to be used for senior housing on Hamilton parkway. Hamilton residents have been promised that the sales of properties at Hamilton will be used at Hamilton to improve the existing community facilities. See item J2: J. GENERAL BUSINESS 2. Consider and possibly take action to adopt a resolution to: 1) Approve a funding strategy in the amount of $5,214,000 for Phase 2 of the Downtown Sonoma Marin Area Rail Transit (SMART) Station, 2) Authorize preparation of funding agreements between the City of Novato, Metropolitan Transportation Authority (MTC), SMART, and/or Transportation Authority of Marin (TAM), and 3) Authorize expenditure of $500,000 from the “City Owned Property” Fund #112 From STAFF Report link: Potential Sources of Additional City Funding 1. Proceeds from the Sale of City Owned Properties Senior Triangle Property (staff recommendation) - $500,000 Hamilton Hospital - $2 Million Old Human Needs Center (So. Novato Blvd). 325,000 2. Measure F - Unallocated Funds and/or Measure F Reserve 3. Loan from Hamilton Trust (GF Repayment over 20-years) 4. Buck Center Agreement Reserve Funds. 500K Please email your Novato City Council and let them know that Hamilton property sale money should be used for community facility improvement at Hamilton. P.S. The transportation fund for Nave Drive improvements was delayed and used for the first phase of the SMART station. There are other critical infrastructure needs at Hamilton, such as sidewalks on C street, park and open space improvements including Hamilton Town Center. Email by Tuesday, July 10 at Noon to reach your council. Thank you, -Tracey Ruiz toruiz@yahoo.com