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HomeMy Public PortalAboutResolution CRA 03-815RESOLUTION NO. CRA 03 -815 A RESOLUTION OF THE TEMPLE CITY COMMUNITY REDEVELOPMENT AGENCY APPROVING THE ANNUAL REPORT WHEREAS, the Redevelopment Agency of the City of Temple City ( "Agency ") is required to present an annual report to the City Council on or before December 31St of each year; and WHEREAS, an annual report has been prepared in accordance with Health and Safety Code Section 33080.1; and follows: WHEREAS, the proposed fiscal year 2002 -2003 Budget was approved by the Agency in June 2002. NOW, THEREFORE, BE IT RESOLVED by the Temple City Community Redevelopment Agency as 1. The Agency hereby approves the Annual Report for fiscal year 2002 -2003 attached hereto as Exhibit "A ". 2. The Secretary shall transmit the Annual Report to the City Council and to the State Controller. 3. The Secretary shall certify to the adoption of this Resolution. APPROVED AND ADOPTED on this 18th day of November, 2003. \C.'iGi VICE CHAIRM ATTEST: aA)-)( q--2.0_,,uud., Agency Sec tary I hereby certify that the foregoing resolution, Resolution No. CRA 03 -815, was duly passed and adopted by the Temple City Community Redevelopment Agency at its regular meeting held on the 18th day of November, 2003 by the following vote: AYES: Member - Arrighi, Capra, Wong, Zovak NOES: Member -None ABSENT: Member - Vizcarra Agency Se tary EXHIBIT "A" TEMPLE CITY COMMUNITY REDEVELOPMENT AGENCY ANNUAL REPORT JULY 2002 TO JUNE 2003 Pursuant to the Community Redevelopment Law of the State of California, the Temple City Community Redevelopment Agency is required to submit an Annual Report to the legislative body. The report shall contain the following: (a) a hrief description of the Agency's overall program; (b) an independent financial audit report for the previous fiscal year; (c) the Annual Report of Financial Transactions which contains the information required pursuant to the Health and Safety Code Section 33080.5; and, (d) which contains the information required by Health and Safety Code Section 33080.4. The following addresses the above - indicated items: A. • • • '••.1• • •I The primary Agency activities for the year ending June 30, 2003 include the following: The most tangible Agency activity for the past fiscal year has been efforts toward improving the tenant mix within the redevelopment area. Specifically, new tenants were enticed to locate within Block "A" of the redevelopment project area to strengthen the customer base and reduce the level of vacancies. Specifically, Starbuck's, Baskin - Robbins -31 Flavors and Togo's have been enticed to the center and are open for business. Additionally, Applebee's Family Restaurant is scheduled to occupy nearly 5,000 square feet at a key location within the center. The Agency has also expended substantial energy and designated funds to explore the redevelopment possibilities of the existing Edwards theatre complex. The theatre complex is located within Block "D" of the Rosemead Boulevard Redevelopment Project Area. The Agency has worked to strengthen the existing commercial centers within the Redevelopment Area by assisting property owners in improving signage and offering other amenities which would tend to attract more substantial Fxhihit'A" of Resolution No CBA 03 -815 1 1 Temple City Community Redevelopment Agency Page 2 Annual Report July 2002 to June 2003 businesses as well as increased patronage. • The Agency has also worked very closely with the City in exploring development opportunities as the existing Redevelopment Area abuts the Downtown Specific Plan area. The westernmost commercial area within the Downtown Specific Plan area has been redefined so as to better support the overall objectives of the Redevelopment plan. • • • Within the existing Block "B" shopping center, the Agency has focused on the appearance and functionality of the existing shopping center by taking specific actions to encourage upgrading of the parking lot, new landscaping and facade improvements. The Agency has worked diligently with property owners to further the overall redevelopment objectives. Within the existing Redevelopment Project Area, the following activities occurred: On -going efforts to assist the owners of the Temple City Marketplace, formally known as the Temple City Square Shopping Center, within Block "A" in filling vacancies and maintaining a good tenant mix, which will serve the community and the Redevelopment Agency's objectives. The 110,000 square foot shopping center has a mix of retail, restaurant and service businesses. The Agency continues to work with the multiple owners of property within Block "B ", with particular emphasis upon maintaining and refurbishing the common reciprocal parking. The Agency has taken a pro- active position to ensure that the existing improvements are upgraded and adequately maintained. The Agency has also conducted numerous discussions with the development community, the property owners and citizen participants to explore new development opportunities within Block "B ". The possibilities have been explored by replacing certain commercial uses with more vibrant commercial enterprises, which would further improve the Redevelopment Area and inhibit deterioration and obsolescence. The Agency continues efforts to revitalize Block "C" to augment the improvements that have resulted from the Sizzler shopping center, Pep Boys and the Buffet City Restaurant. Staff is currently engaged in discussions with the property owner of a large lot within Block "C" which is improved with non- conforming residential units; the property owner is interested in providing senior citizen housing. It is anticipated that a portion of any new housing in this Block will be required to accommodate low and moderate - income F.irhihit. "A" of Rpcnlntinn Nn CR A QA-R1 Temple City Community Redevelopment Agency Page 3 Annual Report July 2002 to June 2003 • • households. The Agency has funds available in the Housing Set -Aside Account, which could be used to assist in the creation of affordable senior housing. Significant effort has been expanded to consider a range of potential redevelopment options for Block "D" based upon the anticipated closure of the movie theatre. Although this site is rather limited in terms of size, it is ideally located at the busiest intersection in the City of Temple City and holds great promise for furthering the objectives of the redevelopment strategy. Efforts continue to effectuate redevelopment activity within Block "E ". Specific attention has been devoted to the northern portion of Block "E" which is in proximity to the Edwards theatre property and a contemplated restaurant row, along Las Tunas Drive. As always, individual property owners are encouraged to participate in the redevelopment effort by improving and developing their property in conformance with the Plan. The Redevelopment efforts within the project area will include the following specific projects: 1. One of the most promising redevelopment opportunities involves the existing Edwards movie theatre property. The site is at the key intersection of Las Tunas Drive and Rosemead Boulevard. The Agency is desirous of taking a proactive stance relative to reuse of this property because of its prominence and potential. It is anticipated that there will be residual benefits to the redevelopment of this site, with positive impacts along the Las Tunas Drive commercial corridor. 2. There will be ongoing efforts to assist in attracting desirable tenants to the Temple City Marketplace (Block "A "). This shopping center is situated immediately west of the Edwards property and could be positively impacted by the redevelopment of Block "D ". 3. Efforts are underway to ensure better maintenance and management of the public parking lot which serves the Temple City Plaza Shopping Center. There will be a continuation of efforts to transfer the public parking lot areas to individual property owners as set forth in the previously approved Disposition and Development Agreement and a continuing effort to transfer maintenance F.yrhihit "A" of Resohitinn No CPA 03 -815 1 1 Temple City Community Redevelopment Agency Page 4 Annual Report July 2002 to June 2003 and management responsibilities to the property owners. In addition to maintenance and ongoing management, there will be a concerted effort to initiate new development within Block "B ". New development offers the potential of addressing current maintenance problems by establishing new vibrant tenants, expanding existing businesses and updating the center to be more competitive in the marketplace. 4. Redevelopment options for Block "E" will be explored. Block "E" is currently improved with several small sized structures, many of which are in a state of deterioration. The large number of individual property owners, existing land use pattern and land cost contribute to the difficulties of bringing about redevelopment. 5. Redevelopment Agency resources will be utilized to eliminate blighted structures within Block "E" and to attract viable businesses to the community. B. Audit Report. An Audit report for Fiscal Year 2002 -2003 with respect to the operations and financial position of the Agency was prepared by Conrad & Associates and is Attachment No. 1. C. The Annual Report of Financial Transaction D. 1 The fiscal statement submitted to the State Controller regarding Agency activities in the Rosemead Boulevard Redevelopment Project Area for Fiscal Year 2002- 2003 was prepared by the Financial Services Department and is Attachment No. 2. I. -I A. ■e s. .I• I- .. -t1 -t During the 2002 -2003 reporting period, no properties were acquired. Also, no new Agency- assisted dwelling units have been constructed or acquired. No properties were acquired, no housing was removed and no households were relocated during the reporting period. The Agency utilizes the services of a private relocation firm on an as- needed basis. Additionally, a relocation plan, which is in conformance with Federal, State and City requirements, has been approved by the Temple City Community Redevelopment Agency. The Agency will comply with the uniform relocation assistance and real property acquisition policies of 1970 (Public Law 91- Pxhibi+ "A" of Resobitinn No CBA Q3 -815. Temple City Community Redevelopment Agency Page 5 Annual Report July 2002 to June 2003 646) and its subsequent amendments. The Agency has adopted a deficit reduction plan and will be implementing that plan as set forth in the State mandated implementation plan. As a result of refinancing the Redevelopment Agency's debt during the 1993 -94 Fiscal Year, approximately $818,300 was made available specifically for low and moderate - income housing. At this juncture, the bond proceeds have been expended to assist eligible homeowners in achieving housing rehabilitation. Set -aside housing funds will continue to be used for housing purposes as set forth in the revised and updated five -year Implementation Plan, which was adopted in December of 1999. In keeping with the Implementation Plan as adopted on December 7, 1999, emphasis will continue to be placed upon correcting outstanding Building Code and property maintenance violations. The City's aging housing stock dictates that priority is placed upon upgrading and maintaining decent, safe and sanitary housing. In addition to the housing rehabilitation and preservation efforts, the Agency may consider assisting in the development of one or more senior citizen housing complexes. As envisioned, high- density residential complexes could be constructed to specifically meet the needs of low and very-low income households. The Housing Activity Report is provided as Attachment No. 3. Attachments: 1. Audit Report 2. Annual Report of Financial Transactions 3. Housing Activity Report 1 Exhibit "A" of Racnliition No CBA 03 -81fi