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Home My Public Portal About1994-06-07LRALYNWOOD REDEVELOPMENT AGENCY 11330 BULLIS ROAD LYNWOOD, CALIFORNIA 90262 -3845 (310) 603 -0220 Paul Richards, CHAIRMAN Louis Byrd, VICE CHAIRMAN Louis J. Heine, MEMBER Robert Henning, MEMBER Armando Rea, MEMBER AGENDA LYNWOOD REDEVELOPMENT AGENCY JUNE 7, 1994 REGULAR MEETING 7.30 P.M. LYNWOOD CITY HALL. 11330 BULLIS ROAD PAUL H. RICHARDS. H CHAIRMAN LOUIS BYRD VICE CHAIRMAN ROBERT HENNING MEMBER EXECUTIVE DIRECTOR FAUSTIN GONZALES OPENING CEREMONIES. A. Call Meeting to Order B Roll Call ( RICHARDS - BYRD - HEINE - HENNING -REA) C. Certification of Agenda Posting by Secretary PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) ITEMS FOR CONSIDERATION I MINUTES OF PREVIOUS MEETING RECEIVED CITY OF LYNWOOD CITY CLERKS OFFICE ')rl AM PM 7 LOUIS J HEINE MEMBER ARMANDO REA MEMBER AGENCY COUNSEL WILLIAM RUDELL Regular Meeting of May 17, 1994 2. A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS THEREFORE. L E REGULAR ITEMS 3 COMMERCIAL REHABILITATION PROGRAM. Comments E To seek Agency approval for implementation of the second phase of the Commercial Rehabilitation Program in Redevelopment Project Area "A" and to request that the Agency approve appropriation of $250,000 from the unappropriated fund balance off the 1993 Redevelopment Tax Allocaton Bond to fund the Program Recommendation Staff respectfully requests, that after consideration, that the Agency direct staff to proceed with the implementation of the second phase of the Commercial Rehabilitation Program within Redevelopment Project Area "A" and approve the allocation of funds required to implement the program. PUBLIC HEARING ITEMS NONE INFORMATION ITEM 4 PROPOSAL TO VERIFY TAXABLE VALUES RELATED TO THE 1989 ANNEX OF REDEVELOPMENT PROJECT AREA "A" Comments To inform the Agency on the results of the verification of the secured and unsecured taxable values for fiscal years 1993 -94. 1992 -93, 1991 -92, and 1990 -91 Recommendation Staff respectfully requests that after consideration, the Agency receive and file this information pending update on the collection of funds from the County. CLOSED SESSION NONE AGENCY ORAL AND WRITTEN COMMUNICATION None PUBLIC ORAL COMMUNICATION None PUBLIC ORAL COMMUNICATION None ADJOURNMENT Motion to adjourn to a Regular Meeting of the Lynwood Redevelopment Agency to be held June 21, 1994, at 7.30 p.m., in the Council Chambers of City Hall, 1,1330 Bullis Road, Lynwood. California. 3 0 LYNWOOD REDEVELOPMENT AGENCY, MAY 17, 1994 The Redevelopment Agency of the City of Lynwood met in a Regular Session at the City Hall, 11330 Bullis Road on the above date at 8:10 p.m. Chairman Richards presiding. Members Byrd, Heine, Henning, Rea, and Richards answered the roll call. Also present were Executive Directo Gonzales, Interim Agency Counsel Rudell, Secretary Hooper and Treasurer, Pygatt. Secretary Hooper announced the Agenda had been duly posted in accordance with The Brown Act. PUBLIC ORAL COMMUNICATIONS - AGENDA ITEMS ONLY Adolph Lopez 11431 Plum St. commended the Agency for limited spending on the warrant. Also requested a status update on the hiring of the Executive Director at the Academy. It was then moved by Member Heine, seconded by Member Byrd and carried to approve the following minutes: a) Regular Meeting, May 3, 1994 It was moved by Member Byrd, seconded by Member Heine to adopt: RESOLUTION NO. 94 -18 ENTITLED: "A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS DRAWN THEREFORE ". ROLL CALL: AYES: MEMBER BYRD, HEINE, RICHARDS NOES: MEMBER HEINE, REA ABSENT: NONE CLOSED SESSION Interim Agency Counsel Rudell stated the Agency would here two items during Closed Session. Real Property negotiator in both instances listed would be the Executive Director for the Agency. PUBLIC ORAL COMMUNICATIONS - GENERAL Adolph Lopez, 11431 Plum St. quoted sections of the Brown Acct pertaining to Public oral input. Also requested a response from the City Manager. Stated he had left messages and no one had returned his calls. AGENCY ORALS Member Rea questioned the status on the hiring of an Executive Director at the Academy. City Manager Gonzales stated he had received no messages of Mr. Lopez' calls. Stated he is presently reviewing applications submitted pertaining to the position. HUD approval for funding has just recently been received. Feels it would have been unfair to recruit someone prior to having the funds in place for a salary. Anticipates a recommendation sometime within the next fifteen to twenty days. Member Rea requested an appointment with the City Manager to review the applications submitted. Hearing no further discussion, it was moved by Member Byrd, seconded by Member Rea and carried to recess at 8:20.' The Agency reconvened at 11:06 p.m. It was moved by Member Byrd, seconded by Member Rea and carried to recess to Closed Session at 11:08 p.m. AGENDA ITE.._ The Agency reconvened at 12:05 a.m. Interim Agency Counsel Rudell stated the Redevelopment Agency had met in Closed Session to discussed the aforementioned items. No action had been taken. Also requested the record reflect the Members Rea and Henning were absent from Closed Session. Having no further discussion, it was moved by Member Heine, seconded by Member Byrd and carried to adjourn at 12:07 p.m. CHAIRMAN SECRETARY ifC90LUTI0N NO. LRA A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD LYNWOOD, CALIFORNIA ALLOWING AND'APP_ROVING THE DEMANDS AND ORDERING WARRANTS THEREFOR The Redevelopment Agency of the City of Lynwood does hereby resolve as follows Section 1 That the demands presented, having been regularly audited, are hereby allowed and approved, and that warrants ordered drawn therefor by the Agency Treasure to the payee and in the amounts indicated WARRANT* /DATE PAYEE DESC AMOUNT AREA A ALAMEDA 243 06 -07 -94 ECONOMIC RESOURCES CORP LEASE PMT 6/94 13,579 B6 0.00 13,579 86 4059 06 -07 -94 INTERNAL REVENUE SERVICE VOID -FILM DEVELOPMENT -23.09 -11 54 -11 55 4069 06 -07 -94 INTERNAL REVENUE SERVICE VOID -FILM DEVELOPMENT -3.52 -1 76 -1 76 2 06 -07 -94 FULLER & COMPANY, INC. PROFESSIONAL SVCS 1,377 90 0.00 1,377 90 3 06 -07 -94 1ULIOUS GREEN /EDWARD ELLIS COMM REHAB GRANT /IMP HWY 5,022.00 5,022.00 0.00' 4094 06 -07 -94 JULIOUS GREEN /EDVARDO MEDINA COMM REHAB GRANVIMP HWY 5,058.29 5,058 25 0 00 4095 06 -07 -94 ROBERT TAULER /EDUARDO MEDINA COMM REHAB GRANT /ATLANTIC 456.00 456.00 0 00 4096 06 -07 -94 A.0 PRICE /EDUARDO MEDINA COMM REHAB GRANT /ATLANTIC 1,420.00 1,420.00. 0.00 4097 06 -07 -94 BYRD, LOUIS BRD MTG 5- 3s5 -17 60 00 30.00 30 00 4098 06 -07 -94 HEINE, LOUIS BRD MTC 5- 3i5 -17 60.00 30.00 30.00 4099 06 -07 -94 HENNING, ROBERT BRD MTC 5- 3+5 -17 60.00 30.00 30.00 4100 06 -07 -94 REA, ARMANDO BRD MTG 5- 315 -17 60 00 30 00 30 00 4101 06 -07 -94 RICHARDS, PAUL BRD MTC 5- 3s5 -17 60.00 30.00 30.00 4102 06 -07 -94 ALL AMERICAN PIN CO. REVITALIZE LYNWOOD -PINS 1,672.46 836.23 836.23 4103 06 -07 -94 CALIFORNIA REDEVELOPMENT ASSOC SEMI NAR-BLUMENFELD 145.00 72.50 72.50 4104 06 -07 -94 CITY OF LYNWOOD SALARIES & BENEFITS -3RD QTR 68,460.56 37,620.99 30,839 57 4105 06 -07 -94 EASTMAN KODAK CO. EQUIP MAINT AGREEMENT 59 84 29 92 29 92 4106 06 -07 -94 EXPRESS MAIL CORPORATE ACCT EXPRESS MAIL SVCS 37 47 18.73 18.74 4107 06 -07 -94 FORD GRAPHICS REPRODUCTIONS SVCS 86.71 86.71 0.00 4108 06707 -94 HOOPER. ANDREA L. BRD MTC 5-3j5-17 '50.00 25.00 25.,00 4109 06 -07 -94 KANE, BALLMER & BERKMAN LEGAL SVCS 7,262.90 7.179 06 103.64 4110 06 -07 -94 KOSMONT & ASSOCIATES, INC. PLANNING SVCS 11989.81 1,988.81^ 0.00 4111 06 -07 -94 PYGATT, IRIS BRD MTG 5- 3;5 -17 50.00 25.00 25.00 4112 06 -07 -94 SOUTH GATE CAMERA FILM DEVELOPMENT 26.61 13.30 13.31 ap 06 -07 -94 SOUTH GATE CAMERA FILM DEVELOPMENT 69 81 47 IS 22.63 ee TOTAL 107.117 57 60.036.38 47.081 19 ............ ............. ....... ...... Section 2. That the Agency Secretary shall certify to the adoption of the resolution and shall deliver a certified copy to the Agency Treasure and shall retain a copy thereof for the record PASSED. APPROVED AND ADOPTED THE day of , 1994 ATTEST d q z I W 7 6 ANDREA L. HOOPER PAUL H. RICHARDS - SECRE.ARY CHAIRMAN. Lynwood Redevelopment Agency 0 0 DATE June 7, 1994 TO- HONORABLE CHAIRMAN AND MEMBERS OF THE AGENCY FROM: Faustin Gonzales, Executive Director BY: Sol Blumenfeld, Director Community Development Dep meet SUBJECT. COMMERCIAL REHABILITATION PROGRAM Proposal: To seek Agency approval for implementation of the second phase of the Commercial Rehabilitation Program in Redevelopment Project Area "A" and to request that the Agency approve appropriation of $250,000 from the unappropriated fund balance of the 1993 Redevelopment Tax Allocation Bond to fund the Program. Purpose: 1 On August 17, 1993, the Lynwood Redevelopment Agency approved - the Commercial Rehabilitation Program and authorized staff to finalize Program financing and administration 2. On September 8, 1993 the City Attorney drafted an Agreement between the Lynwood Redevelopment Agency and First State Bank, to provide a loan guaranty fund for a low interest loans to Program participants. 3. First State Bank has executed the Loan Guaranty Agreement to provide low interest loans as prescribed under the Program. 4. The Commercial Rehabilitation Program will provide substantial benefits to the City through upgrading of commercial property .and through the additional retail sales and sales tax revenues generated by enhancement of the City's retail corridors. 5. Concurrent with proposed commercial property renovations, staff is preparing to implement a streetscape program including special paving, landscaping, benches and signing to complement the commercial rehabilitation activities. Discussion: The initial allocation of $250,000 of Program funds have been committed. 31 businesses and uses have been funded and fully completed under the current allocation. Staff is seeking to allocate $250,000 for the second phase of the Program and amend the program guidelines to increase the number of grants and the grant amount. Under the first.phase of the Program, an allocation of $150,000 was earmarked for loan's at $5,000 per shop $100,000, was allocated for grants at $2,500 per shop 70 total businesses were originally eligible under the original formula allocation of 40 grants and 30 loans The second phase proposes $175,000 for grants at $5,000 per shop and $75,000 for loans at $2,500 per shop. The proposed allocation will help expedite improvement to the City's Commercial areas by lowering the required private contribution to the Program and bring grant funding in -line with project renovation. Under the proposed Program revision, (35) grants at $5,000 and (30) loans at $2,500 will be available for a total of (65) businesses. AGENDA rmm 3- 0 Under the original grant guidelines, funds were to be allocated at the end of the projects when contracted work was completed as a form of reimbursement to the participant In order to expedite the program, staff is proposing that grant funds will be allocated in progressive payments to participants and contractor(s) to ensure the ability to complete projects without delays. Recommendation: Staff respectfully requests, that after consideration, that the Agency direct staff to proceed with the implementation of the second phase of the Commercial Rehabilitation Program within Redevelopment Project Area "A" and approve the allocation of $250,000 from the unappropriated balance of the 1993 Tax Allocation Bond to fund the Commercial Rehabilitation Program in Project Area "A" fund. f wc - =-Pn�hT 0 0 LRA RESOLUTION 94- A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING THE SECOND PHASE OF THE COMMERCIAL REHABILITATION PROGRAM IN REDEVELOPMENT PROJECT AREA "A" AND APPROPRIATING $250,000 FROM THE UNAPPROPRIATED FUND BALANCE OF THE 1993 REDEVELOPMENT TAX ALLOCATION BOND TO THE PROGRAM. WHEREAS, the Lynwood Redevelopment Agency ( "Agency ") is a redevelopment agency duly formed, organized and existing pursuant to and under the provisions of the State Community Redevelopment Law (the "Law ") (codified as California Health and Safety Code Sect'ions 33000 et seq.); and WHEREAS, the .Agency is engaged in carrying out a redevelopment project in Project Area "A" ( "Project ") pursuant to the Redevelopment Plan for the Project; and WHEREAS, the Agency has directed staff to develop a Commercial Rehabilitation Program for the City's major commercial corridors; and WHEREAS, the first phase of the Program has been successfully implemented; and WHEREAS, the proposed Program will provide grants and low interest loans to eligible participating businesses and property owners; and WHEREAS, First State Bank has agreed to participate in the Program by offering low interest (5 %) loans to eligible businesses and property owners for approved facade improvements . under the Program; and WHEREAS, the Commercial Rehabilitation Program will provide substantial benefits to the City through upgrading of commercial property and through.additional retail sales and sales tax revenues generated by enhanced commercial activity; and WHEREAS, there are sufficient funds in the unappropriated fund balance of the 1993 Redevelopment Tax Allocation Bond to fund the second phase of the Commercial Rehabilitation Program. NOW, THEREFORE, the Lynwood Redevelopment Agency does hereby resolve determine and finds as follows: Section 1. The Agency hereby adopts this Resolution and authorizes the appropriation of $250,000 for the second phase of the Commercial Rehabilitation Program to provide grants of up to $5,000 and low interest loans of up to $2,500 and free architectural design service for preliminary plans for Program participants Section 2. The Agency hereby directs and authorizes the Executive Director to execute an Agreement with First State Bank to provide low interest (5 %) loans to eligible participating businesses and property owners and to deposit $75,000 as -a loan guaranty fund with First State Bank to provide security for the loan component of the Program. 0 0 0 PASSED, APPROVED and ADOPTED by the Lynwood Redevelopment Agency this 7th day of June, 1994. ATTEST: Andrea Hooper, Secretary APPROVED AS TO FORM: Agency Special Counsel PAUL H RICHARDS, III, CHAIRMAN Lynwood Redevelopment Agency Faustin Gonzales Executive Director APPROVED AS TO CONTENT: Sol Blumenfeld, Director Community Development F wp\redevelp',funds 0 0 DATE: June 7, 1994 TO: HONORABLE CHAIRMAN AND MEMBERS OF THE AGENCY FROM- Faustin Gonzales, Executive Director BY: Sol Blumenfeld, Director Community Development Dep ment SUBJECT: PROPOSAL TO VERIFY TAXABLE VALVES RELATED TO THE 1989 ANNEX OF REDEVELOPMENT PROJECT AREA "A ". Proposal: To inform the Agency on the results of the verification of the secured and unsecured taxable values for fiscal years 1993 -94, 1992 -93, 1991 -92, and 1990 -91 Facts: 1. On January 4, 1994, the Agency authorized the Executive' Director to contract with Katz Hollis for the purpose of verifying whether all tax increment due the Project Area was received. 2. On May 16, 1994, an Agreement for Consulting Services was entered into with Katz Hollis on a contingency basis with compensation equal to twenty -five percent (25%) of the misallocated tax increment identified in each fiscal year reviewed by Katz Hollis 3. On May 24, 1994, the verification was completed and submitted to the City for review. The verification revealed that the Agency had a Net Total Misplaced Value of $19,909,255 with a Net Total New Agency Revenue of $173,984. Discussion: The review and verification was conducted to 1) identify any Project Area parcels incorrectly assigned to tax rate areas (TRAs) outside the Project, and 2) identify any non - Project Areas mistakenly encoded to Project Area TRAs. The review disclosed unsecured taxable values totaling approximately $16.6 million and secured values totaling approximately $3.3 million and is broken down per fiscal year as noted on the attached table. The table also identifies misplaced revenue and City /Agency impacts. The total due to the Agency as a result of the verification would be $173,984 less the consultant fee of twenty -five percent (25%) of the verified amount on $43,496 per the agreement. The consultant will work with the Agency in the collection of the amount stated and will contact the appropriate personnel at the Assessor's office and the Auditor - Controller's office to ensure that the adjustments are processed in a timely manner. Recommendation: Staff respectfully requests that after consideration, the Agency receive and file this information pending update on the collection of funds from the County AGENDA ITEM I / t ' r u KatzHollis Lynwood Redevelopment Agency Project Area A 1989 Annex ASSESSED VALUE VERIFICATION SUMMARY 24- May -94 (1) Revenue received by the City or Agency as a result of the incorrectly encoded value. 0 r Net Total (1) Net Total Net Total Misplaced Less: City/ New Agency Year Value Type Misplaced Value Revenue Agency Impact Revenue 1993 -94 Secured $871,652 $8,717 $1,015 $7,702 Unsecured 3,738,688 37,387 4,839 32,548 Total 1993 -94 4,610,340 46,103 5,854 40,250 1992 -93 Secured - 854,562 8,546 995 7,551 Unsecured 3,997,449 39,974 4,974 35,000 Total 1992 -93 4,852,011 48,520 5,969 42,551 1991 -92 Secured 837,808 8,378 975 7,403 Unsecured 4,400,366 44,004 5,990 38,014 Total 1991 -92 5,238,174 52,382 6,965 45,417 1990 -91 Secured 734,291 7.343 855 6,488 Unsecured 4,474,439 44,744 5,466 39,278 Total 1990 -91 5,208,730 52,087 6,321 45,766 Total Secured 3,298,313 32,983 3,839 29,144 Total Unsecured 16,610,942 166,109 21,270 144,840 TOTAL $19,909,255 $199,093 $25,109 $173,984 (1) Revenue received by the City or Agency as a result of the incorrectly encoded value. 0 r