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Home My Public Portal AboutA1992-11-03 LRA11 i • • LYNWOOD REDEVELOPMENT AGENCY 11330 BULLIS ROAD LYNWOOD, CALIFORNIA 90262 (310) 603 -0220 Louis J. Heine, CHAIRMAN Paul Richards, VICE CHAIRMAN Louis Byrd MEMBER Armando Rea, MEMBER Evelyn Wells, MEMBER AGENDA LYNWOOD REDEVELOPMENT AGENCY NOVEMBER 3, 1992 C REGULAR MEETING 18191i011111?ilhl'�(II: 7.30 P.M. LYNWOOD CITY HALL. 11330 BULLIS ROAD LOUIS J HEINE CHAIRMAN PAUL RICHARDS VICE CHAIRMAN ARMANDO REA MEMBER EXECUTIVE DIRECTOR LAURENCE H. ADAMS OPENING CEREMONIES: A. Call Meeting to Order >r B Roll Call (HEINE- RICHARDS-B YRD-REA-WELLS) C. Certification of Agenda Posting by Secretary PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) ITEMS FOR CONSIDERATION I MINUTES OF PREVIOUS MEETING M LOUIS BYRD MEMBER EVELYN WELLS MEMBER AGENCY COUNSEL HENRY BARBOSA Minutes of Regular Meeting of October 20. 1992. 2. A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD. CALIFORNIA. ALLOWING AND APPROVING THE DEMANDS AND WARRANTS THEREFOR. 1 • i REGULAR ITEMS 3 REVENUE BUDGET AMENDMENT FOR F Y 1992 -93 PURPOSE: To have the Chairman and Agency Board Members adopt attached resolution amending F Y 1992 -93 Budget to reflect shift in tax increment revenues to the County Educational Revenue Allocation Fund (ERAF). RECOMMENDATION: It is recommended that the Agency Board Members adopt attached resolution amending Revenue Budget for F Y 1992 -93. INFORMATIONAL ITEMS 4 CENTRAL PLAZA STATUS REPORT CLOSED SESSION 5 LYNWOOD PLAZA STATUS AGENCY ORAL AND WRITTEN COMMUNICATION None T PUBLIC ORAL COMMUNICATION None ADJOURNMENT Motion to adjourn to a Regular Meeting of the Lynwood Redevelopment to be held November 17, 1992, at 7:30 p.m. in the Council Chambers of City Hall, 11330 Bullis Road, Lynwood, California. 2 IL 46 The Redevelopment Agency of the City of Lynwood met in a regular session in the City Hall, 11330 Bullis Road on the above date at 7 :45 p.m. Chairman Heine in the chair. Members Byrd, Rea, Richards, Wells, Heine, answered the roll call. Also present were Interim Executive Director Gonzales, General Counsel Barbosa, Secretary Hooper and Treasurer Pygatt. Secretary Hooper announced the agenda had been duly posted in accordance with The Brown Act. PUBLIC ORAL COMMUNICATIONS Margaret Araujo spoke regarding Poposition 108 funds. Stated residents surrounding Beach's Market are looking forward to reopening that market. Stated Council should work with developers that would like to come into the City since there are so many developers that won't come into Lynwood. Patricia Carr 3842 LeSage, stated she felt the concepts from Community Development are good, however, all must comply with HUD Section log guidelines. a) Regular Meeting, October 6, 1992, ITEMS FOR CONSIDERATION It was moved by Member Wells, seconded by Member Byrd to approve the minutes of the following meeting: It was moved by Member Wells, seconded by Member Byrd to approve: RESOLUTION NO. 92 -24 ENTITLED: °A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS THEREFOR.* ROLL CALL AYES: BYRD, REA, &ICHARDS, WELLS, HEINE NOES: NONE ABSENT: NONE It was moved by Member Rea, seconded by Member Wells to approve: RESOLUTION NO. 92 -25 ENTITLED: •A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY AUTHORIZING THE REAPPROPRIATION OF FUNDS TO COVER OUTSTANDING ENCU193RANCES AND PROJECT IMPROVEMENT COSTS AT THE END OF FISCAL YEAR 1991- 1992.' REGULAR ITEMS Mayor Heine announced Item 14 sale of agency /city owned properties. 9 0 Member Wells requested this item be held off, pending certain projects that would be taking place in the City. Stated Council needed to look at each item individually. After further discussion, it was moved by Member Richards, seconded by Member Wells, to receive and file the information. INFORMATIONAL ITEMS Mayor Heine introduced Allocation of Section 108 Funding In Connection With Implementation of Three Redevelopment Projects. Director of Community Development Sol Blumenfeld, stated this was an Information Item only through the Community Development Block Grant Program and that the money had been available since 1989 for Economic Development. Stated staff is requesting that the Agency consider utilizing these dollars for three Redevelopment projects. The first being the Central Plaza, the second being the Lynwood Plaza, and the third is the redevelopment of Beach's Market. Member Byrd questioned how staff had arrived at the figures indicated. Mr. Blumenfeld stated a detailed summary had been prepared on the Central Plaza, together with Public Works, they had priced the off -site improvements, and had also examined property acquisition. Stated Lynwood Plaza was on- going, therefore there was no detailed summary, and that the Beach's project was being allocated from the net derived from the Central Plaza and the Lynwood Plaza. Acting Executive Director stated the original purpose for which the funds was property acquisition and improvements to the redevelopment area. After further discussion, determined by the agency to receive and file the information. PUBLIC ORALS Margaret Araujo spokLF regarding Proposition 108 funds. Stated residents surrounding Beach's Market are looking forward to a reopening. Stated Council should work with developers that are willing to come into the City since there are so may that won't come into Lynwood. Patricia Carr 3842 LeSage, stated she felt the concepts from the Community Development Department are good. However, all must comply with HUD Section 108 guidelines. It was moved by Mr. Richards, seconded by Member Wells to adjourn to Closed Session, combined with City Council. RESOLUTION NO LRA A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD LYNWOOD, CALIFORNIA ALLOWING AND APPROVING THE DEMANDS AND ORDERING WARRANTS THEREFOR The Redevelopment Agency of the City of Lynwood does hereby resolve as follows Section I That the demands presented, having been regularly audited, are hereby allowed and approved, and that ma,rants ordered drawn therefor by the Agency Treasure to the payee and in the amounts indicated WARRANT# /DATE 0 08 AMOUNT 11 -03-92 209 11 -03 -92 3666 I1 -03 -92 3667 11 -03 -92 3668 11 -03-92 3669 11 - 03 -92 3670 11 -03 -92 3671 11 -03-92 3672 11 - 03 -92 3673 11 -03 -92 3674 11 -03 -92 3675 11 -03 -92 3676 11 -03 -92 3677 11 -03 -9 2 PAYEE DESC AMOUNT AREA A ALAMEDA RALPH HOROWITZ TNT PMT --CORP YARD 10/92 11,812 50 O 00 11,812.50 ErONOMIC RESOURCES CORP RENT -ENT DEV ACADEMY 11/92 12,967 11 0 00 12,967 11 HEINE, LOUIS RRO MTGS 10- 06/10 -20 60 00 30 00 30 00 WELLS, EVELYN BRD MTGS 10- 06/10 -20 60 00 30 00 30 00 REA, ARMANDO DRD MTGS 10- 06/10 -20 60 00 30 00 30 00 BYRD, LOUIS BRD MTGS 10- 06/10-20 60 00 30 00 30 00 RICHARDS, PAUL- BRD MTGS 10- 06/10 -20 60 00 30 00 30 00 SEA F-IRS1 ADMINISTRATION FEE 760 70 760 70 O 00 HOOPER, ANDREA L BRD MTGS 10- 06%10 -20 50 00 25 00 25 00 KATZ HOLLIS COREN i. ASSOC INC SURPLUS RELEASE ANALYSIS 3,113 75 3,113.75 0 00 LEA !- ASSOCIATES REAL ESTATE C RESTRICT COVENANT ANALYSIS 1,790 00 11790 00 O 00 PYGAIT, IRIS 3RD MTG 10 -20 25 00 12.50 12.50 SFCP[-:TARY COFFEE SERVICE COFFEE SVCS 58 97 29 48 29 49 i1MFLY TEMPORARY TEMPORARY SVCS 740 00 O 00 740 00 n■ TOTAL 31,618 03 5,881 43 25,736.60 Secrinn 2 That the Agency Serretary shall certify to the adoption of the resolution and shall D eliver a certiFied copy to the Agency TredSore and shall retain a copy thereof for the record PASSED APPROVED AND ADOPTED THE ATTEST day of 1992 ANDREA L HOOFER LOUIS HEINE SECRETARY CHAIRMAN, L.ynwood Redevelopment Agency DATE: November 3, 10 0 `TO: THE HONORABLE CHAIRMAN AND AGENCY BOARD MEMBERS FROM Laurence H Adams, Executive Director >(� BY- Alfretta F Earnest, Director of Finance SUBJECT REVENUE BUDGET AMENDMENT FOR F.Y 1992 -93 PURPOSE: To have the Chairman and Agency Board Members adopt attached resolution amending F Y 1992 -93 Budget to reflect shift in tax increment revenues to the County Educational Revenue Allocation Fund (ERAF) BACKGROUND: 1) The State Budget Act for 1992 requires redevelopment agencies to shift $200 million of tax increment revenues for allocation to school districts (funding K -12 schools and community colleges). 2). The Lynwood Redevelopment Agency has been notified by the State Department of Finance that its share of allocation is $190,682 73 (Area "A "- $150,820.70 and Alameda - $39,862.03). The Agency's share of tax increment allocation is based on property tax revenues received during F.Y. 1990 -91. 3) At its meeting of September 19, 1992, staff informed the Agency Board Members that $221,856 was expected to be shifted from tax increment .funds to the school districts. However, the State Department of Finance determined a lesser amount would be shifted ($190,862.73). 4). This shift in tax increment revenues was not included in in the Agency's Annual Operating Budget for Fiscal Year 1992 -93. Therefore, a 'budget amendment is needed to reflect loss of revenues. ANALYSIS: As determined by the State Department of Finance, $190,682.73 of tax increment funds will be allocated to school districts. This reduction in current year revenues is as follows: FY 92 -93 TAX INCREMENT FY 92 -93 'DESCRIPTION BUDGET REDUCTIONS REVISED REV. Tax Increment Funds- Area "A" (14) $1,252,500 $150,820.70 $1,101,679 Alameda (24 -) 585,000 39,862.03 545,138 TOTAL $1,837,500 $190,682.73 $1,646,817 Low /Moderate Income Housing Funds: Area "A" (26 $ 250,500 $ 30,164 $ 220,336 Alameda (28) 117,000 7,972 109,028 TOTAL $ 367,500 $ 38,136 $ 329,364 The decrease in transfers -in to Low /Moderate Income Housing Funds is due to reduction in tax increment revenue. These set -aside funds are transferred in from tax increment funds (14, 24) to be used for low and moderate income housing projects (per Redevelopment Law) RECOMMENDATION. It is recommended that the Agency Board Members adopt attached resolution amending Revenue Budget for F.Y. 1992 -93. r_ AGBNDA ITEM 1 3 rATE OF CALIFORNIA • PETE WILSON, Go�error )EPARTMENT OF FINANCE _ 0 FFICE OF THE DIRECTOR TATE CAPITOL, ROOM 1145 I - _ ) 1 *'� aC RAMENTO CA 958744998 I ,- � J z i OCT 1 1982 i V _ TO ALL REDEVELOPMENT AGENCIES AND THEIR LEGISLATIVE BODIES. The 1992 Budget Act and related legislation requires virtually every sector of California government to share in necessary state funding reductions. Chapter 100 (SB 844), Statutes of 1992, requires redevelopment agencies to shift a total of $200 million in property tax revenues to K -12 schools and community colleges. It requires the Director of Finance to determine an amount for each redevelopment agency to be allocated to the county Educational Revenue Allocation Fund (ERAF) It further requires the Director of Finance to notify each redevelopment agency and its legislative body of the amount determined. In accordance with this requirement, the attached document provides the amount determined for your redevelopment agency. If more than one project area exists for your agency, a detail of the amount is provided on a project area basis Each agency must allocate the amount determined to the county auditor for deposit in the ERAF on or before May 10, 1993. If an agency determines that it will be unable to allocate the full amount required, it must enter into an agreement with its legislative body to fund the payment of the difference between the full amount required and the amount available for allocation by the agency. If an agency fails to transmit the full amount required, is precluded by court order from transmitting that amount, or is otherwise unable to meet its full obligation, Section 33682(e) of the Health and Safety Code requires the county auditor, by no later than May 15, 1993, to transfer any amount necessary to meet the obligation determined for that agency from the legislative body's pro tox allocation. - (x,. b f e J t d uc�e d� f ro, C,ener-1 7.,d ri-t�r-f y 7yf / tv en4e- s r 7,4' rea ;,;ed -Pec.m �dp�Fl pnEn� 4&, -Acy by n If you have any questions regarding this matter, please contact Douglas Craig at (916) 324 -0043. Sincerely, THOMAS W. HAYES Director Attachment LR \MRDALTRI 631 • 9 TRANSFERS TO EDUCATIONAL REVENUE ALLOCATION FUND Lynwood Alameda Project Area A 0 October 1, 1992 $39,862.03 $150,820.70 T 0 0 LYNWOOD REDEVELOPMENT AGENCY FUND BALANCE ANALYSIS F.Y. 1992 -93 14. AREA 'A' TAR I14CRBMBN BBGINNING FUND BALANCE 1,309,589 109,490 199,490 'JS;;STL'D BUDGET - - -- -- ---- - -- BRGIN M FUND BALANCE 120,888 174 174477 -Y 92 -93 174477 MATED RBVBNUFS 96944 9580 I47,800 1,101,619 EMMATED 91PENDITURES 203,984 309,600 322,305 290,960 M45SFERS -IN (12) (16) 203,983 500,000 507,977 810,200 TRANSFERS -OUT (12)(14)(16) (915,214) (958,500) (1,403472) (1,597,636) ENDING FUND BAL AKC6 174,877 365P 174,877 197,960 24, ALAMBDA TAI NOW BBGINNING FUND BALANCE 1,309,589 109,490 199,490 Box WDIATBD RBVBNUBS 359,901 401,000 747,000 59,138 BS NTED EXPORMURSS 0 1,751,300 10 1,016,750 TRANSFBBS-OUT (28) 0 0 0 (1090) EiDWj FUND BALANCE 1,669,490 319,190 888,240 327,600 0 0 ACTUAL 28, ALAMEDA L/M HOUSING FUND FY 90/91 ADJUSTED BUDGED ESTIMATE BUDGET FY 91/92 ?1 91/92 FY 92/93 BEGINNING FUND BALANCE ESTIMATED REVENUES ESTIMATED EXPENDITURES TRANSFERS -IN (21) ENDING FUND BALANCE 0 0 0 0 ADJUSTED 0 ACTUAL BUDGET ESTIMATE BUDGET 26. AREA "A" L/M HOUSING FUN FY 90/91 FY 91/92 FY 91/92 FY 92/93 BEGINNING FUND BALANCE 0 0 0 0 ESTIMATED REVENUES 0 0 0 0 ESTIMATED EXPENDITURES 0 0 0 0 TRANSFERS -IN )14) 0 0 0 220,336 ENDING FUND BALANCE 0 0 0 220,336 ACTUAL 28, ALAMEDA L/M HOUSING FUND FY 90/91 ADJUSTED BUDGED ESTIMATE BUDGET FY 91/92 ?1 91/92 FY 92/93 BEGINNING FUND BALANCE ESTIMATED REVENUES ESTIMATED EXPENDITURES TRANSFERS -IN (21) ENDING FUND BALANCE 0 0 0 0 0 0 0 0 o p _ 0 0 0 0 0 109 0 0 0 109,028 0 0 RESOLUTION NO. A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY AMENDING THE ANNUAL REVENUE BUDGET FOR FISCAL YEAR 1992 -93 WHEREAS, the Agency Board Members have adopted an Annual Operating Budget for F.Y. 1992 -93; and WHEREAS, the 1992 California Budget Act requires redevelopment agencies to shift a total of $200 million in property tax revenues to school districts; and WHEREAS, the State Department of Finance has determined that $190,682.73 of the Lynwood Redevelopment Agency tax revenues will be allocated to the County Educational Revenue Allocation Fund (ERAF); and WHEREAS, this reduction in tax increment revenues was not included in the current year's revenue budget; and WHEREAS, a budget amendment is needed to reflect these changes in tax increment revenues NOW THEREFORE, the Chairman and Agency Board Members does hereby find, order and proclaim as follows: Section 1. That amendments to the Revenue Budget for Fiscal Year 1992 -93 is hereby approved. Section 2 That the Executive Director or his designee is authorized to make the following budget amendments: Acct. No Description From To Variance Tax Increment Funds: 14 -4010 Tax Incre- Secured $978,500 14 -4011 Tax Incre- Unsecured 206,000 14 -4015 Supplemental Tax 58,000 24 -4010 Tax Incre- Secured 400,000 24 -4011 Tax Incre - Unsecured 105,000 24 -4015 Supplemental Tax 50,000 $852,308 188,759 50,612 383,265 87,963 43.910 (126,192) (17,241) (7,388) (16,735) (17,037) (6.090) ($190,683) Total $1,797,500 $1,606,817 Transfers -In /Out: 14 -5180 Trans- Out(26) $250,500 26 -4180 Trans- In(14) 250,500 24 -5180 Trans- Out(24) 1'7,000 28 -4180 Trans- In(28) 1+'_ Total $735,000 $220,336 220,336 109,028 109.028 (30,164) (30,164) (7,972) ( 7,972 ) ($76,272) $658,728 0 0 a Section 3. That this resolution shall go into effect immediately upon its adoption. PASSED, APPROVED and ADOPTED this day of 1992. Louis Heine, Chairman Lynwood Redevelopment Agency ATTEST Andrea L. Hooper, Secretary Lynwood Redevelopment Agency APPROVED AS TO FORM: B APPROVED AS TO CONTENT Agency General Counsel Alfretta F. Earnest Director of Finance • s DATE: November 3, 1992 TO: HONORABLE CHAIRMAN AND MEMBERS OF THE AGENCY FROM Laurence H Adams, Executive Director BY: Sol Blumenfeld, Director Community Development Department SUBJECT STATUS REPORT ON CENTRAL PLAZA On October 23, 1992 Agency Chairman Louis Heine, Vice Chairman Paul Richards, Agency Member Louis Byrd, and staff met with representatives of Lucky Stores Inc regarding the disposition of their property located on Atlantic Avenue between Abbott Road and Pendelton Avenue Staff presented the Central Plaza project master plan and background information on the Central Plaza project and indicated that repeated delays on the part of Lucky Stores Inc. was impeding progress on the overall Central Plaza redevelopment project The project master plan calls for common area landscaping, entry signing, lighting, undergrounding of utilities, special entry paving, common architectural treatment and reciprocal agreements for parking and maintenance The Agency members present at the meeting outlined the City's involvement in the project and the City's desire in assuring that Central Plaza move ahead without additional delay. Agency member Richards noted that Lucky's had vacated their property without regard for the City and that the Lucky market at the site was poorly maintained for many years If Lucky's chose to redevelop their property it would be necessary to assure that the development was in conformance with the remainder of the 10 2 acre site and that an Owner Participation Agreement was established between the City and the Company. Agency members Heine and Byrd noted that the site presented a prime investment opportunity due to the proximity of the 710 Freeway and the City's overall redevelopment efforts relative to the site. ,. Lucky Stores Inc originally had planned to sell their property and staff has been working with the property owner on the southerly half of the proposed development and a potential developer for the Lucky property on the master plan encompassing 10.2 acres. Representatives from Lucky Stores now indicate that they are interested in redeveloping their property with a smaller format Lucky's market or perhaps an affiliate Super Sav -On store. Staff indicated that planning for the proposed Lucky Stores Inc uses must accommodate driveway ingress and egress circulation conditions and the proposal to include a restaurant along the Atlantic Avenue frontage AGENDA 1TEM q Lucky Stores indicated that they will now restudy their involvement with the property and will return with a response to the City within the next three weeks. If Lucky decides to redevelop their property the City would enter into the reciprocal agreements to be established under the Planned Commercial Development District (PCD) among Lucky Stores Inc, Central Electric and other owner participants involved on the project Lucky's determination must be made quickly if the construction schedule on the southerly portion of the project is to be maintained Central Electric has indicated a desire to be open by May of 1993. Staff also requested that if Lucky decides not to go forward with the redevelopment that the property be sold without delay to the Legaspi Company which had met with the City to coordinate proposed site redevelopment and had submitted offers to Lucky commensurate with the asking price for the property Central Electric Status The demolition and clearance of the Central Electric property is continuing Central Electric received a Conditional Use Permit to construct a furniture and appliance store and has refined project plans to incorporate conditions prescribed under the PCD master plan Gary Cypres, owner of Central Electric will make a presentation to the Agency on the proposed project at the regularly scheduled Agency meeting on November 17, 1992 The project off -site improvements and undergrounding of utilities are progressing with refinement of project plans and involvement of the Public .forks Department and Southern California Edison However, issues regarding utility undergrounding and other off -site improvements must be reconciled immediately to maintain the project schedule Recommendation: That the Agency receive and file this information pending the Central Electric project presentation and completion of Lucky Stores Inc development study which will be presented to the Agency at the regularly scheduled Agency meeting in December. IL