Highlights of the Community Benefits Partnership Agreement

by Loraine Hernandez-Covello
March 31, 2021

Highlights of the Community Benefits Partnership Agreement

Image of community benefits partnership agreeement

Download a .pdf of highlights from the Community Benefit Partnership Agreement.

The items listed below are being presented for City Council's approval on April 6, 2021. If approved, a link to the entire Community Benefits Partnership Agreement will also be found on this webpage, https://aggiesquare.ucdavis.edu/cbpa.

Since May 2018, UC Davis, the CIty of Sacramento and Aggie Square's developer, Wexford Technology and Science, LLC, conducted over 90 community and stakeholder meetings to listen, learn about community needs and share information about the project's progress. Below are highlights from the CBPA in response to those needs:

$50+ Million for Affordable Housing

$29 million from City of Sacramento and Sacramento Housing and Redevelopment Agency affordable housing resources
$16 million present value (or $29 million over 45 years) from real estate taxes generated by private industry
$5 million from fundraising efforts for anti-displacement programs in partnership with the City of Sacramento and UC Davis

Jobs for Local Community Members

5,000 construction jobs
20% + of projected 3,500 - 4,000 employees

To facilitate this goal, UC Davis, Wexford Science and Technology and the City are working in partnership with industry, workforce development groups, organized labor and community colleges.

Annual Fund for Neighborhood Priorities

Target of $150,000 per year to support youth opportunities, local entrepreneurs, public art, minority and veteran-owned businesses, and workforce development

To generate early results on community priorities, the Aggie Square Community Partnership – a coalition of neighborhood voices – will set priorities for a fund supported by Wexford Science and Technology.

Broadway and Stockton Improvements

Up to $1.1 million contributed by UC Davis

To promote walking, biking and transit use along Stockton Boulevard and improve the intersection at Stockton and Broadway, UC Davis will contribute up to 50% (up to $1.1 million) to the cost of improvements recommended by the City.