Galt City Council members are expected to move forward Tuesday with plans to purchase nine properties along 4th Street to be used for a proposed theater. The $1.2 million to acquire the parcels will come from already collected redevelopment funds.
Some of the properties will be converted to public parking, with the majority being targeted for a new entertainment complex, according to City Manager Jason Behrmann.
The city is in the process of finalizing a project study, which is scheduled to be completed by the end of next week. This will highlight what types of uses could be supported, help finalize details of the project and develop an agreement with potential developers, Behrmann said Friday.
"We have had great success with our efforts to date in revitalizing Old Town, and we see this as the next step and major catalyst that will really make Old Town a true destination and attract other retail and restaurants to the area," he said.
City Council approval to acquire the buildings is only the first step to securing the property purchases, Behrmann said. The agreement must go before a redevelopment oversight board prior to May 1 under new state guidelines.
On Feb. 1, all redevelopment agencies were dissolved under a court order. But last month, the City Council unanimously voted to become the successor agency.
The court had determined the state Legislature was within its rights to dissolve redevelopment agencies to divert taxpayer funds to schools and other agencies.
Galt is allowed to finish redevelopment projects already in the pipeline since the money has been collected
However, the city will be governed by the seven-member oversight board of yet-to-be-identified city and county representatives. The state Department of Finance, in turn, will have the final word over each city's actions.
By using a combination of private and public money, Galt has revitalized its downtown core with new buildings and landscape. Both Brewsters Bar and Grill and the Galt Place residential and commercial complex are the results of successful redevelopment agency efforts.
The City Council meets at 7 p.m. Tuesday in the council chambers at City Hall, 380 Civic Drive, Galt.
Contact reporter Jennifer Bonnett at firstname.lastname@example.org.