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Home My Public Portal AboutA2003-12-16LRAUx~~~Wti '~Nl~t~{~D RED~1~~Li'ENT A~~N~Y .~~ ~''w~~4 11330 BL]LLIS ROAD LYNWOO[J, CAL[FORNlA 90262-3845 {310y 603-0220 '~LrFOas~ Fernando Pedroza, CHAIRMAN Ramon Rodriguez, VICE CHAIRMAN Louis Byrd, MEMBER Maria T. Santillan, Member Leticia Vasquez, MEMBER This Agenda contains a brief general description of each item to be considered. Copies of the Staff reports or other written documentation relating to each item of business referred to on the Agenda are on file in the Office of the City Clerk and are available for public inspection. A person who has a question concerning any of the agenda items may call the Cify Manager at (390) 603-0220, ext. 200. AGENDA LYNWOOD REDEVELOPMENT AGENCY DECEMBER 16, 2003 REGULAR MEETING 6:00 P.M. LYNWOOD CITY HALL, 11330 BULLIS ROAD FERNANDO PEDROZA CHAIRMAN RAMON RODRIGUEZ VICE CHAIRMAN MARIA T. SANTILLAN MEMBER EXECUTIVE DIRECTOR LORRY HEMPE OPENING CEREMONIES: A. Call Meeting to Order. ~° ~~~~ ~~ LOUIS BYRD MEMBER LETICIA VASQUEZ MEMBER AGENCY COUNSEL MICHAEL B. MONTGOMERY B. Roll Call (BYRD-SANTILLAN-VASQUEZ-RODRIGUEZ-PEDROZA) C. Certification of Agenda Posting by Secretary Recommendation: Staff respectfully requests that the Lynwood Redevelopment Agency adopt resolution entitled: "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD APPROVING THE ANNUAL REPORT FOR FISCAL YEAR 2002- 2003 AND AUTHORIZING STAFF TO SUBMIT REPORT TO THE STATE CONTROLLER'S OFFICE". 8. REAPPROPRIATION OF FUNDS Comments: The purpose of this item is to have the Agency Chairman and board Members adopt the attached resolution reappropriating funds to cover outstanding encumbrances or obligations for year ending June 30, 2003. Recommendation: Staff respectfully recommends that the Agency Chairman and Board Members adopt a resolution entitled "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD AUTHORIZING THE REAPPROPRIATION OF FUNDS FOR OUTSTANDING ENCUMBRANCES AT FISCAL YEAR ENDING JUNE 30, 2003". 9. APPROVE THE ACQUISITION OF TWO CALTRANS PROPERTIES AND AUTHORIZE THE EXECUTIVE DIRECTOR TO EXECUTE TWO PURCHASE AGREEMENTS FOR THESE PROPERTIES Comments: The Agency Board during closed session at the November 18, 2003 and December 3, 2003 meeting directed Agency staff to purchase two parcels offered for sale by the Excess Land Sales Division of Caltrans. Recommendation: Staff respectfully requests that the Agency adopt the attached resolution and approve the acquisition of two Caltrans parcels (Director's Deed Number 980489-01-01 and 062075-01 -01 ). INFORMATION ITEM NONE CLOSED SESSION ,~ 10. WITH RESPECT i ~. EVERY ITEM OF BUSINESS TO UL DISCUSSED IN CLOSED SESSION PURSUANT TO SECTION 54956.8: CONFERENCE WITH REAL PROPERTY NEGOTIATORS. Property: 11201-11301 Long Beach Boulevard 6171-003-036 (Towne Center) Agency Negotiator: Agency, Agency Counsel, Executive Director, Deputy Executive Director Negotiating Parties: Agency and LTC Under Negotiation: Price and terms 11. WITH RESPECT TO EVERY ITEM OF BUSINESS TO BE DISCUSSED IN CLOSED SESSION PURSUANT TO SECTION 54957: PUBLIC EMPLOYEE APPOINTMENT/EMPLOYMENT/PERFORMANCE EVALUATION/DISCIPLINE/DISMISSAURELEASE Title: Executive Director ADJOURNMENT THE NEXT REGULAR MEETING WILL BE HELD ON JANUARY 6, 2004 AT 6:00 P.M. IN THE COUNCIL CHAMBERS OF CITY HALL, 11330 BULLIS ROAD, LYNWOOD, CALIFORNIA. Comments: To have the Agency review and consider the development concept for a proposal to convert four single-family residences into commercial businesses and construct additions to provide a commercial project totaling 4,477 square feet in area at 3401 Martin Luther King. Jr. Boulevard in the C-2 (Light Commercial) zone. Recommendation: Staff recommends that after consideration, the Agency approve the development concept and direct staff to accept Site Plan Review zoning entitlement application. 5. DEVELOPMENT CONCEPT REVIEW - 3119 IMPERIAL HIGHWAY Comments: To have the Agency review and consider the development concept for a proposal to develop a hand carwash facility on a vacant lot in conjunction with an existing used car sales facility at 3119 Imperial Highway in the CO3 (Heavy Commercial) zone. Recommendation: Staff recommends that after consideration, the Agency deny the development concept and direct staff to discourage the applicant from submitting Conditional Use Permit zoning entitlement application. 6. DEVELOPMENT CONCEPT REVIEW - 10201 STATE STREET Comments: To have the Agency review and consider the development concept for a proposal to develop a 3,825 square foot commercial center on a vacant lot at 10201 State Street in the C-2 (Light Commercial) zone. This project previously received zoning entitlements on December 20, 2000; however, the approval has lapsed. Recommendation: Staff recommends that after consideration, the Agency approve the development concept and direct staff to accept Site Plan Review zoning entitlement application. 7. FILING OF ANNUAL STATE CONTROLLER'S REPORT FOR FY 2002-2003 Comments: The purpose of this item is to have the Agency Chairman and board Members review and authorize filing of the fiscal year 2002-2003 Annual State Controller's Report as required by Section 33080 et. seq. of the Health and Safety Code. PUBLIC ORAL COMMUNICATIG~~~ (Regarding Agenda Items Only) PUBLIC ORAL COMMUNICATIONS ITEMS FOR CONSIDERATION MINUTES OF PREVIOUS MEETING None 2. RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS THEREFORE. CONSENT CALENDAR All matters listed under the Consent Calendar will be acted upon by one motion affirming the action recommended on the agenda. There will be no separate discussion on these items prior to voting unless members of the Agency or staff request specific items be removed from the Consent Calendar for separate action. 3. DEVELOPMENT CONCEPT - 10820 ATLANTIC AVENUE Comments: To have the Agency review and consider the development concept for a proposed mixed use commercial and residential project on a parcel totaling 18,371 square feet at 10820 Atlantic Avenue in the C-3 (Heavy Commercial) zone. The project would be two stories in height and consist of 4,681 square feet of commercial area on the first floor and seven (7) apartments on the second floor. Recommendation: Staff requests that after consideration, the Agency determine if the project is consistent with the Lynwood Redevelopment Plan, and direct staff accordingly. 4. DEVELOPMENT CONCEPT REVIEW - 3401 MARTIN LUTHER KING JR. BOULEVARD _ - _ _ _ _ _-----RESOL-UTIf]hF-iV{]. -k::ftA- __-----_..._ .__ - -__. __.__. _ _____ ___ _ --_..__-- ~ , + , W :+ H ' =` _ ____ _ A RE50LUTION_.OF-THE REDEV1rL0AMENT-AGENG~'_OF THE-E1T~f-E71`- LYNWOOD__-_.-.- ._...-..__.._ _W...~.__. _ _ _ .- , I.YNWOOD, CALIFORNIA ALLOWING AND APPROVING THE DEMANDS ANA ORDERING I`' WARRANTS THEREFpR Z 8 _ _ ____ __- _ _ _ __.._-___... __. _ . _ - n ., I ,_ _ __ _ _ W ~ p , The Redevelopment Agency of _ the City of Lynu;oad does hereby resolve as fnllnws: _ _ _ _ ~ _. , ,, ~ ° ' .._ _. _. That the demands presented, having been regularly audited, are hereby Section 1 allowed and i::, ~' , ~ . roued-.-and that warrants ordered drawn therefor by the Agency-Treasure to the payee and in the a ~ amounts indicated: I, I. u ~ - { p ° s WARRANT#JDATE __...._. _- - _. T PAYEE _.. .,,...~_ DESC AMOUNT ..... AREA A ---.---...---.... _.-.. ALAMEDA .~._..._.------... _. ' ~~ ~ I '` ~ . I e --~r_.- _... _ 6475 . _ -_. - 12-16-03 ANDRIEN A550CIATES REAL ESTATE: APPRAISAL SVCS 2, 000. 00 2, 000. 00 0. 00 00_ . 0 i _ , ~~ 64,76.... -, . -], .,--1.b-AJ -P-ATR2GIA-SHIELDS --DAY GARS DEV SVCS _ 2, 500. 00 - _ 2, 500:_00..._. 579 O1 1 : 00 O ~; "e 6477 i2-16-03 H&P SYSTEMS, INC PROF. SVCS/UNDERGRD. DIST#il 1, 579. O1 . , 43 30 . 43 30 ~ '~ ° 6478 12-16-03 6 '3 Jx<G GRAPHIC PA6EANTRY_ RRODUGT [ONS PRINTING SVCS 86.60 PLAGUES; REDEVELOPMENT PROJ. _ 1, 270. bC3 . b35. 34 . . 635. 34 ' I a -6429 .. b4B0 .0 ...1e-1 1G-ib-fl3 . RAPID FORMS 97. 04 PR TNTTNG SVCS ' 48. 52 48. 52 429 41 ~ ~+~~ 3 6481 12-16-03 XEROX CORP. ' 858 8 LEASE AGMT PMT ~ . __ _ _ _ _ .. 429 41 ~. }~ a s _._,-... ... ... ... . . .. _ __ _ . - . # TO'TAL 8, 392. 15 , a °__ _.~: ~m-~M.: x _ cc~ms =_-_ -__ _ ... _=.`mss..-._ _. _ - ~ ~ I. ....- _ __.. __. ... ... _.-.. __ ___.. .._._.._ ._. . . J ° Section 2, That the Agency Secretary shall certify to the adapY.ion of the resolu tion and sha _ _ _ _ _._ _ a° ° do-live r- a--c-sr-ti fied--copy to --the-Agency Trea sure- and- shall retain a copy thereof for the record. . n, :.z n3 2 a s ._~,..._._~ __ _.Y__._. . ...PAg$Epr...Af~RROVED AND ADOPTE - _., .._g00 D THE ~ _ _i day .of_ _.._ 3 _ _-- _ _ _-_. _.. _ _ ._..._ _.... AA ,s= n6 ~' IANDREA L.~HOOPER ~~ -- - _. FERNANDO PEDROZA __.._-._..__ __---_____ __.._ ___._...____~_.. --GHAIRMAPF,--Lynwood--f2etle•irrpmercb__At~arrcy __ ie, i DATE: December 16, 2003 T0: HONORABLE CHAIR AND MEMBERS OF THE AGENCY FROM: Lorry Hempe, Executive Director Louis Morales, Director of Redevelopment gY: Grant Taylor, Special Assistant/Development Services SUBJECT: DEVELOPMENT CONCEPT REVIEW 10820 Atlantic Avenue PURPOSE To have the Agency review and consider the development concept for a proposed mixed use commercial and residential project on a parcel totaling 18,371 square feet at 10820 Atlantic Avenue. The project would be two (2) stories in height and consist of 4,681 square feet of commercial area on the first floor and seven (7) apartments on the second floor totaling 8,758 square feet. FACTS 1) The applicant for the project is Alex Benavides of the Araujo Design & Construction Group, 11212 Atlantic Avenue, Lynwood. 2) The subject property is currently developed with a small one-story construction office that is abandoned and a large vacant area. 3) The subject property consists of five (5) lots that total 18,317 square feet in area and is located on the east side of Atlantic Avenue between Abbott Road and Pendleton Avenue. 4) The General Plan Land Use Map Commercial Designation is consistent with the C-3 (Heavy Commercial) zoning. 5) On September 9, 2003 the City Council approved the Update to the Lynwood General Plan that allows mixed use developments. The Lynwood Municipal Code does not permit residential development in commercial zones at this time. NDA I TE~I .". 4~ ~ DISCUSSION If the Agency deems the project consistent with the Redevelopment Project Area and General Plan, staff would need to perform a Zoning Ordinance Amendment to allow mixed uses in commercial zones, subject to a conditional use permit, and appropriate development standards. In addition, a mixed use overlay zone should be implemented. The site plan identifies atwo-story building measuring 58 feet in width by 151 feet in length. The commercial parking would be at the front of the property adjacent to Atlantic Avenue and provide eighteen (18) parking stalls. Two (2) vehicle ingress/egress ways with atwenty-five foot drive aisle. The residential parking would be at the rear of the lot, covered by the second story and consist of fifteen (15) parking stalls. The first story floor plan identifies a 4,681 square foot commercial area with stairways at the north and south ends. The second story floor plan identifies seven (7) apartments with two (2) different floor plans. The apartments would be two (2) bedrooms and one (1) bathroom between 722 and 863 square feet in area. Administrative offices, recreation center and storage areas are proposed. The elevations illustrate the two-story structure with varying roof heights. The highest roof point would be thirty-six feet (36~ in height. The schematic elevations do not identify building or roof materials. The applicant stated the project would be modeled after the mixed use project in the City of South Gate at California and Tweedy Avenues. If the Lynwood Redevelopment Agency considers approval of the project, process would be as follows. • Perform zoning ordinance amendment; • Process Conditional Use Permit, Tentative Parcel Map, Zone Change and Environmental Review concurrently. RECOMMENDATION Staff recommends that after consideration, the Agency determine if the project is consistent with the Lynwood Redevelopment Plan, and direct staff accordingly. Attachments: 1) Location Map 2) Plans --~, ~. LOCATION MAP _ v w ~a // L2 /3 /I !9 10 k ~ ~., Rte. )) Rro. ~~r o~ ROAD c tr3' S3 ~ 915 91.75 74 /57.OZ IS~•II ~ • `- h I ny ~ ~h / ~a~'1~9 $ CIS ` ~ a;~~~ /oa' ~ ~n P 28 { Ov N~c~ s~' e~ ~„yra ~ ~ ~ v10,I ~ ~ ~ ~]0 31 :ten fl{3~ ~, b r s ~ ~ ~ 6, vN,~~S[ ~I"o ~ I i ~ ~ m 3I / ao a r~ N 0 2 ~f ~.~ / I 1 N ~y .95 O ( h i~ ~ u{I 36 ~ 9/T3 r. la N ~ '~ iry3 ~ ~ I~ ~ I ~ ~ ~ 3s /z c„ • 39 h _9/ V ~ NI I ~ ~ ~ /4 39 ~ `l yg76 I I I ` /5 ~ yai3~H3~ ~ as -- - ~f-i--- ~i q ss•,d I +~ f0 6Ap 60 /Y3lJ s/ a /rtr~05J/ 633 ~ I 0 Say 3a° yaya ~ ~36~ s3 i so mil ~ o /0905 ~'dY~~2/ _ 44 ~ r084 ~ 4~ n ~04~6 Q~ ~J s ~ ~-~ r; ' ield9v 1 II ~ o i~ K ~ o5/y'~ ~ R3'~ w ~ 9.1, ~ wl ~ I d0 ~„»~ yaa/ ya39l~;a'W331 H39S ~~ '~ -8 I _ ,90 /G4.6 b7.7a •/S ~~ I f ~ a~°, ~.,. „ .. .~ Casc No. Develo~nent Concept Review - LRA _ Site Address: 10820 Atlantic Avenue Applicant Name: Ardu~ o Design & Construction Group [ ] 300' or [ ] 500' Radius Map ~ ~ DATE: December 16, 2003 T0: HONORABLE CHAIR AND MEMBERS OF THE AGENCY FROM: Lorry Hempe, Executive Director Louis Morales, Director of Redevelo ent BY: Grant Taylor, Special Assistant/Development Services SUBJECT: DEVELOPMENT CONCEPT REVIEW 3401 Martin Luther King Jr. Boulevard PURPOSE To have the Agency review and consider the development concept for a proposal to convert four (4) single-family residences into commercial businesses and construct additions to provide a commercial project totaling 4,477 square feet in area at 3401 Martin Luther King Jr. Boulevard in the C-2 (Light Commercial) zone. FACTS 1) The applicant for the project is the property owner Maria Lara who resides in the City of Cudahy. 2) The subject properly is currently developed with four one-story residences that total 3,090 square feet. The proposed additions would total 1,38fi square feet. 3) The subject property consists of three (3) lots that total 11,170 square feet in area and is located on the northeast corner of Martin Luther King )r. Boulevard and Elizabeth Avenue. 4) The General Plan Land Use Map Commercial Designation is consistent with the C-2 (Light Commercial) zoning. 5) Lynwood Municipal Code Section 25-8.ia identifies a variety of commercial, retail, office and service uses as permitted in the C-2 zone. AG~~ba ti x . ~.M =~=, DISCUSSION If the Agency deems the project consistent with the Redevelopment Project Area and General Plan, staff would need to process a Site Plan Review for the development and Tentative Parcel Map to tie the three (3) lots into one (1) parcel. The site plan identifies four (4) attached one-story existing structures and the proposed additions that would result in a commercial development totaling 4,477 square feet in area. Four (4) parking stalls are proposed at the front of the development adjacent to Martin Luther King Jr. Boulevard and twelve (12) angled parking stalls at the rear adjacent to the alley. Two (2) driveways would be proposed at Martin Luther King Jr. Boulevard and Elizabeth Avenue. The floor plan indicates four (4) tenant spaces to include a laundry and three (3) office uses. The elevations illustrate the one-story structure with varying roof heights. The highest roof point would be eighteen feet (18~ in height. The building would have a stucco exterior. If the Lynwood Redevelopment Agency considers approval of the project, staff recommends that the applicant provide two (2) additional parking stalls ar~d more landscaping. RECOMMENDATION Staff recommends that after consideration, the Agency approve the development concept and direct staff to process zoning entitlement applications. Attachments: 1) Location Map 2) Plans W 0 0 0 0 0 G w b ~~ w z w ~~ Y z a o `~ ~ . . 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Z• ~~v ~ 33A~ ~ ~ 3 a 9(0 '~ & ~ 339 '~ ~ v oD ~ a 38y ~ ,~~ aa87 3voa. 4 3yo~ ~3~T~ ~ ., ~ --- 3356 ° °~ - ~ - 3as/ ~ - ~ ~ 3~°~°~ 3y~~- _ a ~ ~;u" °~° ~ a ~- ~y ~^ V/RG/NGI o ° ~ AVENUE , 3yo~ 3 C ' - - ~ ~ iz r n 33~(~ W 33 9 9 3y~o w , 3y/i 3ya~ a ava oi9 -- yob - ~- • 3 Yo S' --~- ~ 3 ~i~ ~ w -a... ~ a yes , e q 3v3~ ~ o~ ° ~ zas 3~~~ s i 3va~• a ~ ~ 3~a i ~ ,,~,.,, ~ ,~~~f ~ ~ ~ ~ ~ 3'u fl - ~ - ~ v Z ~ ~ ~- - 95 I 6050 11 ~ ~ w ~ . oi i ~ '~ a /9.~Y7 4 V ~ ~ 3~fa~ w ~ ~ ~ . w ~ ~tiyy ° _ ql` ?I9S p ~ ` ro \ i ~ v 3~ I ~ H ~ i ~~` ' y L ff o ° ~ i ~ I ~ . b ~~ ~ ~ ~ AVENf/E 7 n 4b ~. , o . n . ,. o .,. . r O [1 a 0 z DATE: December 16, 2003 T0: HONORABLE CHAIR AND MEMBERS OF THE AGENCY FROM: Lorry Hempe, Executive Director Louis Morales, Director of Redevelop ent BY: Grant Taylor, Special Assistant/Development Services SUBJECT: DEVELOPMENT CONCEPT REVIEW 3119 Imperial Highway PURPOSE To have the Agency review and consider the development concept for a proposal to develop a hand carwash facility on a vacant lot in conjunction with existing used car sales lots at 3119 Imperial highway in the C-3 (Heavy Commercial) zone. FACTS 1) The applicant for the project is the property and business owner Olegario Sanchez. 2) The subject property is currently vacant and totals approximately 6,345 square feet in area. The applicant owns and operates two (2) used car sales lots and a vehicle registration office on the adjacent parcels to the east along Imperial Highway. 3) The existing auto uses total 21,145 square feet in area. The proposed expansion of 6,345 square feet would provide a total auto center totaling 27,490 square feet. 4) The General Plan Land Use Map Commercial Designation is consistent with the C-3 (Heavy Commercial) zoning. 5) Lynwood Municipal Code Section 25-16.15 requires all auto uses to obtain approval of a conditional use permit. AGENDA I1EM DISCUSSION If the Agency deems the project consistent with the Redevelopment Project Area and General Plan, staff would need to process a Modified Conditional Use Permit. Staff does not support the proposal. The applicant owns the property and operates the used car sales lots. The auto uses were established prior to the Lynwood Municipal Code being amended to require a conditional use permit. The property was legal nonconforming for a number of years. On September 9, 2003 the Lynwood Planning Commission approved Conditional Use Permit No. 2003-21 that not only allowed the owner to expand the used car sales lots but imposed conditions and development standards on the entire project. The site plan only identifies the proposed hand carwash expansion area. The site plan indicates a 1,300 square foot carport structure and a 800 square foot hand carwash facility. Water drainage wells and vacuums are also proposed. Access to the carwash would be provided from Imperial Highway. No floor plans or elevations were submitted. If the Lynwood Redevelopment Agency considers approval of the project, the applicant would have to apply for a Modification to the Conditional Use Permit. RECOMMENDATION StafF recommends that after consideration, the Agency deny the development concept and discourage the applicant from submitting a Modified Conditional Use Permit zoning entitlement application. Attachments: 1) Location Map 2) Plan LOCATION MAP ~ti t ' -/ OAKWOOD 10 109 F. ~ oQ ~ W ~ t \ h 111 111 R • g9'1 5 84`/3'G r 8 /MPER/AL 4 R• 1 t150 0. ~ rll ~ 111p J"^ 0 ~ s0°' 9e to h llq ~ ~ R t5 M fir. ~ $ BEECHWOOD 8 84 ° /3'E I: /*,.~: ~ 30~~°`~ K 92 4091 n~ ~ti t /li 0 l~y0 `vC%/!rD°~"7 dd ~'~~~ / Ag" Ib91 ~ ~F . rrao~ ' 18 o- , • h X00/ I /ia/l h 39 t, ° "' 47 30 1`• ~ M /a ohm 3 ~ j //,!/,~ h ~ r j' •ua _ ob46 ll9 l48 i '~IdiO 17 76 4 /i8/3 •rrp~a37 4n 45 ~ 4 ~ ~-- 36 y 15 '~ 5 _ S /a/ 4a llSar ~ 6 h •nar d ~- 6 r' d23 6 1 ~ Sx5 ~a1414 ~ I I c I I a o~ a 33 a '/~dr~l/ h •/ladmj 5/ 51 ° 21 'rr2Bb1 , l zso 1 1 9/ia n 9 4p g ~S • J3a3/ / 3 ~ , / •/h~, 10 - / 0 9 10 o. 30 /l as ~ jd /~/ ,~ • lr~y ~ M Iliiz3s ' r23y1J '// a 63 9 l8 ,t 1 /I /3 /rags. ti 1B /3 036 ~ ~ ~a SANBO i /7 r /4 lt! ^ 17 !¢ ~ 35 /4!/a37, o- ~ , ~ r /S ~ //~ y, •/ra3G~ 6 ~ r~ M "' e \ r ~ 15 '6 ' t, ~ ,~ a 4~ 44e u1 ~a y d O ~ / ay4/ ~ 4 ~ 11 1 !p ~ B S5 ~ ~ a ~ i 1 10 CascNo. Development Concept Review - LRA Site Address: 3119 Imperial Highway Applicant Name:_ Olegarl0 $anCheZ [ ] 300' or [ ] 500' Radius Map r0o ~ `~j 10 II ~ p 14 15 16 I7 Id 19 10111 X21 13 24 15 16 17 ld 19 ~ 31 ~31 3 34 35 6 101 id ;.. 6 1 ii I ~ ~ /~ . h ~ W /// ~ • i n ~' `r 64 63 1 61 60 59 5d 6 5 ~ 3 1 5! 50 19 8 17 16 11 13 11 1 4 39 102 10: a 6T ~ • 66 ~ ~ ~ ~ ~ ~ ~' ~ ~ ~ ~ ; ~ lb :~ ~ M ~ M ~ "M e di "' 30 IS ~ r 0 1I b0I 3 •7 T3 71 71 r° 70 69 ~ 6d 6T „3 66 65 ~ bd 6~61 ~1 60 59 ,~ 58 57 rb 55 4 3 51 cb 51 50 ;,~ 49 dd d7 „~ 16 ~ ` • lla6 a I ~ 5 • Ir( 6 T .I! 8 I I 16 ld 19 10 1~ 2 14 15~ 16 IT 18 19 30 31 2 4 36 37 10 41 9 ~ ~ ~ ~3 M ro ~ 7M O 1 . 1 q, ~ I b 1 n • o~j • 4 7~ 13 7I TI 6S 6T 6~ 65 61 b3 6 ~ I ~ f~ 59 5d T \L ro \ M 53 ~ Z 1 ~ ~ ~ ~.~~. 4d 17 16 ~ ~ - 0 Q9 6 , • , ~ u47 "' 8 _ II 11 t5 14 r5 16 IT IB t7 0 11 12 Id 16 17 18 29 1 31 3 S 31 111V 9 ~ ~ m ~ I c ~ 6 10 1114 10reo "' ~ 'y am . M ~ v ~ ~ ro M DATE: December 16, 2003 T0: HONORABLE CHAIR AND MEMBERS OF THE AGENCY FROM: Lorry Hempe, Executive Director Louis Morales, Director of Redevelopment BY: Grant Taylor, Special Assistant/Development Services SUBJECT: DEVELOPMENT CONCEPT REVIEW 10201 State Street PURPOSE To have the Agency review and consider the development concept for a proposal to develop a 3,829 square foot commercial building at 10201 State Street in the C-2 (Light Commercial) zone. This project previously received zoning entitlements on December 20, 2002, however, the approval has lapsed. FACTS 1) The applicant for the project is the new property owner Javier Ordonez who wants to utilize the same plans previously approved. 2) The subject property is currently vacant and totals approximately 12,190 square feet in area. The parcel is located on the southwest corner of State Street and Michigan Avenue. 3) The project proposes a commercial center, one-story in height, and five (5) tenant spaces. 4) The General Plan Land Use Map Commercial Designation is consistent with the C-2 (Light Commercial) zoning. 5) Lynwood Municipal Code Section 25-8.1a permits a variety of commercial, retail, office and service land uses. DISCUSSION If the Agency deems the project consistent with the Redevelopment Project Area and General Plan, staff would need to process a new Site Plan Review zoning entitlement. The previous property owner received approval of Site Plan Review No. 2000-25 on December 20, 2000. Pursuant to Lynwood Municipal Code Section 25-32, staff processed and approved the application, however, the applicant never submitted for plan check, therefore, the approval lapsed and became null and void. The site plan identifies the proposed 3,825 square foot building at the rear of the lot and fifteen (15) parking stalls. Vehicle access would be provided from both State Street and Michigan Avenue via athirty-one foot nine inch (31'-9'~ drive access. The floor plans identify a rectangular shaped building and five (5) tenant spaces. Parking is sufficient for commercial, retail or office only. No restaurants can be approved without a parking variance. The elevations indicate a structure nineteen feet (19~ in height with stucco siding and varying roof heights. If the Lynwood Redevelopment Agency considers approval of the project, the applicant would have to apply for a new Site Plan Review. No public hearing before the Planning Commission is required. RECOMMENDATION Staff recommends that after consideration, the Agency approve the development concept and direct staff to accept Site Plan Review zoning entitlement application. Attachments: 1) Location Map 2) Plan LOCATION MAP :~A- ~yi , - 344 345 Z /~~ Q r~>•` /oo~~ ~ w ~ o° o ~ d w 46~ ' 4 NLD~ ~ ~~, 7 ,,, ~ ~, ~ ~, ~ I I d v ~ ~ W, ~, ~' r Qr~d y 45 5Q 44 v . II ~'' h n j10 %ZO W/SCONS/N ~ ~ ~ uo3 / 7/0 ~ o/oS o//~9 ZO h /20 r1 /olD~ ~~ i~ for/ _ ai/a / or/ ,.,,, ~`-0 d ~ h ti 14•' ~~8 ~ d 67 6 ~ 65 64 roa3 124 '~ ~ /o/a3 /bld5/ b 33 - /01Z~ 73 ~ ~ ~ ~ , 74or~7 ~l0/~7~q' 7g 75 ~]! ad~I ` /2A 5j ~ lU! v ` ~ !b/ 3/ lU%IV `~ e '~/B~7G~z s. /e ,,Z[ ,~ M1CH/CAN '~~ Dau / Zl ~ /~/ rzo . ~ ~ IZO OdoD ~ oro ' ~ o ° / o ~ 95 ~ / ~ 94 35L J19 100 _ . /p~io ,o~ ~I/O7 ONE / / 3 h . !/8 .ra4 a 101 Q ic~3~ ~ /oa/ ~ ti r ~ 115 117/03/ 102 a la04~ ` g -- °l 105 e 106 107 ~ $ 116 /D~~ IoJ39h ~ /oaay e roj /ZU a h ~, ~SEQUO/A h h j ~? ~/e3oa1Z3 ~ r11Z / Bo eoo/ / ~ I /4 4 u3o~ ~n r . ~ ZZ4 ~ /0 p 6 @/O~IJ~ •219 Z18 21i . g ~~ 1Z5 70110 s 6 ~ ~rv3a5 ~ 226 ~ 7 r95~ /! °oi !0 ~ 9 // ~~i9 ~ Z27 ~ c~i f 8 7 0 3194 /y6 197 19( 8 `~ ~/2o~S 7°3 ~ / °~J3 ° 80 a °~ CHEROKEE ~ ~ ~„~ ,on ,~ .701 ' I li /~ld7yy _~ Ir;7 ~ ~ ~ 192 ~ 11 l3 ~ /4 ~ l5 z ii ~ ~ T M 0 151 189 ~ 188 18 ~ / is ~ ' a ~ st '/d3 9 B I 19` 2O ` N ' / ~~ ~ 1~+7 ~ /~~ ° Z5 a ` ~ Z4 Z3 I 0' 22 ~ i64 . v~ ~ ~ 6 ~ ~,° 2l 163 I ~ ~ ~ TENAYA Casc No. Development Concept Review - LRA Site Address: 10201 State Street Applicant Name: JaVler Ordonez [ ] 300' or [ ] 500' Radius Map DATE: December 16, 2003 TO: The Honorable Chairman and Agency Board Members FROM: Lorry Hempe, Executive Director ~~~ BY: Alfretta F. Earnest, Assistant Executive Director ~,/ Christy Valencia, Deputy Director of Finance SUBJECT: Filing of Annual State Controller's Report for FY 2002-2003 PURPOSE: The purpose of this item is to have the Agency Chairman and Board Members review and authorize filing of the fiscal year 2002-2003 Annual State Controller's Report as required by Section 33080 et.seq. of the Health and Safety Code. BACKGROUND: The California Redevelopment Law requires that the Annual Report be presented to and approved by Agency Board Members prior to submitting report to the State Controller's Office. The Agency's Preliminary Financial Reports for FY 2002-2003 were utilized in completing the State Controller's Report of Financial Transactions. City Auditors' are in the process of completing the Agency's draft audit. The final audit report is expected to be completed by the end of December 2003. The Annual State Controller's Report of Financial Transactions has been prepared by Katz Hollis, Redevelopment Consultants in conjunction with Finance staff, pursuant to the Health and Safety Code, Section 33080.1. The completed report is required by Redevelopment Law to include the following documents and information: • An independent financial audit report • A fiscal statement containing information regarding outstanding indebtedness, tax increment, financial transactions and other information as required by Section 33080.5 • A description of the Agency's activities affecting housing and displacement • Any other information, which the Agency deems useful to explain its programs The housing activity and achievement sections (HCD Schedules) of the report will be prepared by the Redevelopment Department. This section reports on the status and use of the Agency's low and moderate income housing set-aside funds to fund housing programs and projects. A copy of the Redevelopment Agency's State Controller's Report have been made available for public review in the City Clerk's Office. AGENDA ITEM CONCLUSION: The Annual Report of Financial Transactions is prepared and filed annually with the State Controller's Office. Its purpose is to provide the State with financial transaction data regarding the use of tax increment and housing funds. Another major aspect of the report is to provide information on annual housing achievements as a result of Redevelopment Agency activities. The report must be submitted to the State Controller's Office no later than the calendar year ending December 31, 2003. RECOMMENDATION: Staff respectfully requests that the Lynwood Redevelopment Agency adopt resolution entitled: "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD APPROVING THE ANNUAL REPORT FOR FISCAL YEAR 2002-2003 AND AUTHORIZING STAFF TO SUBMIT REPORT TO THE STATE CONTROLLER'S OFFICE". RESOLUTION NO. A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD APPROVING THE ANNUAL REPORT FOR FISCAL YEAR 2002-2003 AND AUTHORIZING STAFF TO SUBMIT REPORT TO THE STATE CONTROLLER'S OFFICE WHEREAS, the Lynwood Redevelopment Agency has completed its Annual State Controller's Report pursuant to Section 33080 of the Health and Safety Code; and WHEREAS, the Agency's FY 2002-2003 Preliminary Financial Reports were utilized in completing the report; and WHEREAS, the Finance & Administration Department in conjunction with Katz Hollis, Redevelopment Consultants completed the financial transactions section of the report; and WHEREAS, the housing activity and achievement sections will be completed by the Community Development Department; and WHEREAS, the Agency Board Members have reviewed the Annual Report prior to submittal to the State Controller's Office. NOW, THEREFORE, the Lynwood Redevelopment Agency of the City of Lynwood does hereby find, determine, order, and resolve as follows: Section 1. That the Lynwood Redevelopment Agency approves the Annual Report. Section 2. That the Agency Board Members authorize the Executive Director or her designee to submit the Annual Report to the State Controller's Office. Section 3. That this resolution shall take effect immediately upon its adoption. PASSED, APPROVED AND ADOPTED this day of , 2003. FERNANDO PEDROZA, CHAIRMAN ...-.... ATTEST: ANDREA L. HOOPER City Clerk APPROVED AS TO FORM: APPROVED AS TO CONTENT: Agency Counsel LORRY HEMPE Executive Director ALFRETTA F. EARNEST Assistant Executive Director/Director of Finance & Administration Agency Name: 1,vnwood Redevelopment Agency Redevelopment Agencies Financial ~T'ransactions Report Fiscal Year 2003 Was the Report Prepared from Audited Financial Data, and Did You Submit a Copy of the Audit? Indicate Financial Audit Opinion If Financial Audit is not yet Completed, What is the Expected Completion Date? If the Audit Opinion was Other than Unqualified, State Briefly the Reason Given Was a Compliance Audit Performed in Accordance with Health and Safety Code Section 33080.1 and the State Controller's Guidelines for Compliance Audits, and Did You Submit a Copy of the Audit? Indicate Compliance Audit Opinion If Compliance Audit is not yet Completed, What is the Expected Completion Date? Audit Information NO If compliance opinion includes exceptions, state the areas of non-compliance, and describe the agency's efforts to correct. udit Incom lete 12 31 03 C~ Audit Information Page 1 Agency Name:_ LYNWOOD_REDEVELOPMENT AGENCY Redevelopment Agencies f:lnancial Tlransactinnt~ Report ' - General Information Fiscal Year 2003 Members of the Governing Body Middle Last Name First Name Initial Chairperson Pedroza Fernando Member Rodriguez ~ Ramon 0 Member Byrd Louis Member _____ _ _ - -_ ~ Reyes Arturo 0 Member [~ Richards ~ Pau 11 0 Member ~ ~~ Member ~ ~ ~~ Member ~ ~ ~ Member ( [ [ [ - [ L~ Member __ ---- ~~ L Mailing Address Street t ~l 1330 Bullis Road Street Z City L~ nWOOd State CA Zip 90262- Phone 310-603 ^ Is Address Changed? executive Director Fiscal officer secretary Last Name Hem e Earnest Hooper ~ First Name Middle phone Initial [Lorry __~ ~_] ~ 10-603-022( Alfretta 0 10-603-022 Andrea n 10-603-022 Report Prepared By Independent Auditor Finn Name Moss Lev &Hartzheim Last Arceneaux Hartzheim ~ First Lawrence Craig 'Middle Initial Street [550__S__.Hope _St~~26[55 9107 Wilshire Blvd,4~3 0 city Los Angeles everlV Hills State CA CA zip Code 90071-2647 0210 -~ Phone 213-629-306 10-273-2745 General InfonnaGon Page 1 Agency Name: Lynwood Redevelopment Agency ~F.z<, _ _ _ . o ~~.~ ~ ~ z .. .. ;, f:. ~ ~ ~ ~~, Achievement Information (Unaudited) Fiscal Year 2003 Indicate Only Those Achievements Completed During the Fiscal Year of this Report as a Direct Result of the Activities of the Redevelopment Agency. Please provide a description of the agency's activities/acoomplishments during the past year. Enter the amount of square footage completed this year by building Square Footage Completed (Please be speck, as this information will be the basis for possible inclusion in the publication.) _,i . •r ~ >~~~ 1. Completed Agency's obligation pursuant to ! the DDA with the developer for Plaza Mexico Initiated the ENA for Plaza Mexico II. 2. Completed the Long Beach/Pluma Plaza. E 3. Executed ENA with developer for development of 40-60 units at Atlantic and Carlin. 4. Executed ENA's for 120 unit Single Family development at the Alameda Triangle with Casa Grande Development. 5. Completed Environmental Studies in connection with Lynwood Springs retail project. type and segregated by new or New Rehabilitated rehabilitated construction. Construction Commercial Buildings 220 , 000 ~ 15 000 Industrial Buildings ~-01 Public Buildings ~ ~~ 0 Other Buildings 40 , 000 0 Total Square Footage 2~,~OQ ~~ .15 ~ 0~~ Enter the Number of Jobs Created ~ -70- 1 from the Activities of the Agency Types Completed A=U61iGes B=Recreation C=Landscaping D=Sewer/ Storm E=Streets/ Roads F=BusfTransit Achievement Information (Unaudited) Page 1 Agency Name: LYNWOOD $~F~PMF.NT A[:FNCY Fiscal Year 2003 Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. ~iili l~~ ~4~ 4,., ~~.. The Lynwood Redeve- lopment Agency's focus in the Alameda Project Area is the development and promotion of Industr and Manufacturing activity. The Agency currently does not have any project planned in the Alameda project however the Agency did approve a busine loan and grant for a business located within the Alameda Project Area. Project Area Report Project Area Name Alameda Project Area Forwarded from Prior Year ? F} Enter Code for Type of Project Area Report rP P =Standard Project Area Report A =Administrative Fund L =Low and Moderate Income Housing Fund M =Mortgage Revenue Bond Program O =Other Miscellaneous Funds or Programs S =Proposed (Survey) Project Area Dces the Plan include lax Increment Provisions? YES Date Project Area was Established (MM-DD-YY) - - 5 Most Recent Date Project Area was Amended 31 Did this Amendment Add New Territory? - Most Recent Date Project Area was Merged - Will this Project Area be Carried Forward to Next Year? Established Time Limit Repayment of Indebtedness (Year Only) 2025 Effectiveness of Plan (Year Only) New Indebtedness (Year Only) Size of Project Area in Acres 1 1 Percentage of Land Vacant at the Inception of the Project Area Jr Health and Safety Code Section 33320.1 (xx.x%) Percentage of land Developed at the Inception of the Project Area Health and Safety Code Section 33320.1 (xx.x%) Objectives of the Project Area as Set Forth in the Project Area Plan ICP (Enter the Appropriate Code(s) in Sequence as Shown) R=Residential I=Industrial C=Commercial P=Public O =Other Project Area Report Page 1 Fiscal Year 2003' Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. ~~~ Redevelopment ProjecE Area A is the primary Redevelopment Area o the Lynwood Redeve- lopment Agency. Project Area A contains all the commercial opportu- nities in Lynwood. The Agency is focusin on establishing a strong tax base and is currently looking at five (5) retail development sites. Agency Name:l~nwood Redevelopment Agency Project Area Report Project Area Naive Project Area A s~ '~. ~., ~~ ~ ~ Forwarded from Prior Year ? (~R "j'?-~ Enter Code for Type of Project Area Report P P =Standard Project Area Report A =Administrative Fund L =Low and Moderate Income Housing Fund M =Mortgage Revenue Bond Program O =Other Miscellaneous Funds or Programs S =Proposed (survey) Project Area Does the Plan Include Tax Increment Provisions? YES Date Project Area was Established (MM-DD-YY) 7-3-197 Most Recent Date Project Area was Amended 3-20-2001 Did this Amendment Add New Territory? NO Most Recent Date Project Area was Merged - Will thi t A d F d t N t Y ? P b C i YES rojec rea arr orwar ex ear s e e o Established Time Limit Repayment of Indebtedness (Year Only) 2023 Effectiveness of Plan (Year Only) 201 New Indebtedness (Year Only) 2008 Size of Project Area in Acres Percentage of Land Vacant at the Inception of the Project Area 10 Health and Safety Code Section 33320.1 (xx.x~) Percentage of Land Developed at the Inception of the Project Area ~9~ Health and Safety Code Section 33320.1 (xx.x%) Objectives of the Project Area as Set Forth in the Project Area Plan (Enter the Appropriate Code(s) in Sequence as Shown) R=Residential I=Industrial C=Commercial P=Public O =Other Project Area Report Page t Assessed Yaiuatioli Data Fiscal Year 2003 Project Area Name Frozen Base Assessed Valuation. Increment Assessed Valuation TOioi n532538d 'v afiiZiiGi ~ ;Alameda Project Area !. _,.. 46,720,821 41,531 017 _ _.__ .. a6,GJ1.CJif DGiGlffq Assessed Valuation Data peas i 12/11/2003 Fiscal Year 2003 Project Area Name jProject Area A , ~~ ~ i ~ Frozen Base P.ssessed Valuation 140,694,935 Increment Assessed Valuation 166,500,425 . iGiei r"".55c55t'd 'v SliiB i101 i J V y,1 `~~, 3bV ; DG1Qff~ 1 Assessed Valuation Data Page 2 T2/t t/2003 Assessed Valuation Data Project Area Name irameaa rfOJeCL Area Net Amount to Agency __ ~~ ~ ~ 51,037,875 Gross Tax Increment f ~;_ ~ `; i --'- - -- - -- -1.-.-.. j _';-.-.037,875 ~ppf~p Pass-Through ; School District Assistance Page 1 12/1112003 Pass-Through % Scfiool Dist~icf Assistance Fiscal.Year '2003 ~~' rass-r nrougn r scnoot oftarlct Assistance , Fiscal Year _ 12003'. ~' Project Area Name ;Project Area A ~-~ "`- - -- Tax Increment Pass Through Detail Other Payments Amounts Paid To Tzxing Agencies Pursuant To' H & 3 Code H & 3 Code H 8 S Code. Total H & S Code H 8, S Code . Sectiori 33407 Section 33676 Section 33607 Section 33445 Section 39445.5 oun~y _..:. .. f2c,555 9a 703. - - -_ _...., _: --• 5226,268 R > ' _ _ - Ci6ss ...._. _ . _ -. _ ~_ ._. - -- A ~, ' _ _ 50 -- .._. , _~ SchoolOisiricts __.. _ ..__ . - ._- -- --- _ _.... _ ...._. ~ _ .. SO _, _........ Communit Colts . y _se Gistect ~ . _.._.. .. _--- , ~~ _....___ 30 _... _ _ .. .. .... SP2Cial l-)IStfICt3 _. ..... .... ~ _ ._-^ _ _.. Total Paid to Taxing . !_:. ......i. 5126,559 ~ $99,709 SO 5225 268 Agencies , 30 SO Net Amount to Agency ~- '~`"~ 1 52,697,609 Gross Tax Increment Generated r~;'; `. ? _ •''' ~:: ~ ~ i~ _ ;.a ~ 2,923,877 P:ss-Through /School Distrct Assistance Page 2 12/11/2003 DG1Q6~U~QGl6~u' Project Area Name Tax Allocation Bond Debt Revenue Bonds Other long Term Cebt CitylCounty Debt Lcw and n~cderafe Income rousing rund Other Tot21 Available Revenues Net Tax Increment Requirements __ 2,28. 9,433 ~ .._._._ ...... _. 0 •~ _...._.._. _.. 7.200,000.1 _.._...... G.198,23~ i 185,300 511,853,570.- 589,463 $11,264,107 _ Summary of the Statement of Indebtedness -Project Area Page 1 12!11/2003 DGipffp '~ r Summary of ttie Statement of Indebtedness -Project Area Fiscal Year 2003 -- Summary of the Statement of Indebtedness -.Project Area Fiscal Year 2003 Project Area Name R(>iil+rGlt~ ~ f1 'i z~ ~ ~ ` ' ~ ' ' ~ i ~ ~ ~ : A~ ~; i ` ~ t S ~`~lr` ~ t ~'~ 4 i i~ 1z5 ~~`l ltt ~i J' f~ atAk r~f z ~~t`.:t; ~ i ~~ , l . ( Tax Allocation Bond Debt 25,954,680 j Revenue Bonds ~ _~ Other Long Term Debt _ _....: _ 0 I ............__......- ~..._...: CitylCount)~ Debt ~._._~ .......................... i 41,985,354: Low and Moderate Income Housing Fund ~~ ~ 16,836 681 i , Other 4,078,392 Total ..~ 388,855,107 Available Revenues 332,506 . Net Tax Increment Requirements 588,522,601 DpGlff4 Summary of the Statement of Indebtedness -Project Area Page 2 12!1112003 t: ~t l ~ lii\Si .71 ~lY t' _.~ ~~. ~ ~; , I . ( Ci ~ ~-. \ ~ r L }~ j~ ~;Tp4•q'; ~ .yam Y i pal13a!~ ; tlt l ~ ! t~ ~ ,., ii l~~{a~,t.~,•I~t r~ i Il,.t ~t1:.l.P~.,ri 11 ~)a •)yl tf 11~'i ~'~~.,.i11J~~~ ie:,,S!-tie \V~~m~~~~,.tt , `1i~1~}iat i<<t s...:~.:, ..1\ ~ 1, ~ '.~~i ~ \' t I ~l: c ,y V,~{f ,,d~ • { 7 twt 4 ~ e~ Stl~i nri. 4 Y4 Y¢ a I Y li I ~ -\ ~ ~ T ~ i '` t t ! ...,,~ ~ .... ,. ,. t •-~ (+ t t Jl \~ ~ ~fi _.,., t ~~ ~et~~Y~it1 il~l~.r~`4~ ~ ci ~1~ C~~~~ ~ +a 'IV J„ t L t ...,:~.,.~ ,~.,.~,._..t ~,.~,...; r_...,.I,. .. R 9,_.~, ~~ ~d11 ~, sa~t)ibil~iR~e~'o Agency Long-Term Debt Fiscal Year ;2003 - Project Area Name Project Area A _ ___ -~ Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year Principal Amount Unmatured Beginning of Fiscal Year Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default 1'''".@ CitylCounty Debt '~~ 1973 ~- ! 3,243,000 i ~ , ....._._._...._.. ~ rl ~ ~ 3,243,000 t.__ .. :Various Projects Funding 4..........._.._._... __-._ (__._......___.1993! i 2008; 81,816,720 i 308,069 Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; Ciiy/County Debt; US;State; loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 1 12!11/2003 Agency Long-Term Debt Fiscal Year 2003 ~ Project Area Name ;Ala da Project Area w w-.w~.- _~ Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year Principal Amount Unmatured Beginning of Fiscal Year Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal fear Principal Amount Unmatured End of Fiscal Year Principal Amounl In Default Interest In Default Tax Allocation Bonds 1999 310,000 1,310,000 ~Refundin9 , . -_....... _-. 1999 2025: $1,260,000 r-.--__._._25 000' r--i I _~ S 1,235,000 I Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 2 12/1112003 @f~Glff~ ~ ' ~~,r ' 11 ~ r ;, ~+ t bi .i1;~ t ~ S.. ~ 3 ~~\ ~ ' t ~> la ~t Y ~~t~ s ~ MYY t ~ ( ~ 1 t~ [ ~ ~~~ ~ ~ ~`.,~~~ i~~~` ` ~~dti i~~{~ (~~~~"+.,Tl~~f~T(I ~1~ h~ ~l~e,y1 t•.c 1, :1 ~ _,.. '.~ .. ,' ... ~~ , ~ ~:;~tetl~v~lt~liFrieh~;~y~ehci+e~ I~in~~`c~'i~~ ~T~.t~~~~~~tp~~'~t~~ori,~f ., . .. ~~:_ _. ..,.°.., - << ; Agency Long•Term Debt Fiscal Year Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year 2003 Project Area A _ -~~ __ _. __. Principal Amount Unmatured Beginning of Fiscal Year Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default DG7Gl~4 ~ Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other fJ Agency Lor-g-Term Debt Page 3 12/11/2003 Statement of Income ahd Expenditures -Expenditures Fiscal Year 200- j Project Area Name rAlameda Project Area .-._~ ,_.- -~ Capital Protect t)ebt Service LowAlAoderate Special Funds Fugds Income Housing RevenuelOther Total - -- Administration Costs ~ 398,733 62,250 ; $460,983 Professional Services 103 113 I 5103.113 Planning, Survey, and Design ......._ . . _ _...----- ' -~ ~ ~ ~ -...., $p Real Estate Purchases - - -- ~ ~_ .___.._____.._ _. ._:~ . _.._ $0 Acquisition Expense , ...... ~ $0 Operation of Acquired Property ~ _ i. ------ - -•. ~ 50 Relocation Costs ~ - . _. _. _.. _.' _. _... ._.... .- .I -- ---___ ..._ . _ _ .. , . _.. ........... $o Relocation Payments ~ -..L._.__ __-.. ,_____ V"_ ' ~.. SO - Bile Clearance Costs - i_ - ._.-__..~....__. i $0 Project Improvem?nt ! Constn!ch _ .__, on rests ! T-"-- ~ I . . $0 ' ..____ ..-.___......_. --_...-L-...-....._._..-..._.... -.._-....... __ ~........ ... . Disposal Costs , ~ ~ ............ _ ............_. ...................._.....__ i. . _._.....__ ~ ___-........._..~.._........._.......... 50 Loss on Dis osltion of Land Held P for i _._ I I SO Resale -_.. __.__ __..__--- -- ........_. Dap[~1~ Statement of Income and Expenditures -Expenditures Page 1 12/11/2003 Decline in Value of Land Held for Resale .... 50 Rehabilitation Costs j - i--- -----_ -----~_......_ ..____ ..._: -- 50 Rehabilitation Grants --- -_ ~ ._ .. ___._ -_...~. _ .....-..__ ~- -- -. ... 50 Interest Expense ` _ _Y_„ i ~ - 46,422: 28,452 _ .. 574,874 Fixed Asset Acquisitions ? i _. .. 50 .. Subsidies to Low and Moderate Income ~ ~ .., 50 Housing .. ---- - _.--- .___. ...-_ _ .. Debt Issuance Costs ! ' ---_......-_;_.__..... __ i -.._...... __~ ... SO Other Expenditures Including Pass- 2,087 ' t-- -'----- 290 ~_ - - °----~ . - . - ..... ~LL 52.377 Through Payment(s) .. . - -_ ..._ _ __ i)eni Principal Payments: Tax Allocation Bonds and Notes ~ i 15,500 9,500 525,000 Revenue Bonds, Certificates of I I I - ' 30 Participation, Financing Authority _ -- - - -- '' - -- ~ Bonds Cit /Count Advances and Loans A!I Qther Long-Term C°bt ~' - t_,.. I __ - ~ ---- .__ _~ I_..._~ --~- .__ ...................... ~.._.. _ ao Total Expenditures 5503 933 _...., .. _ . .... -- -- .562,212 x100,202 "~ ~ ` - SO _~~- ...3666.347 Excess (Detlcienc Revenues over Y) _ . (5503,933) . 5985,643 ... - (S88,863) SO 5392,847 ~~ (under] Expenditures ;~;I ~~ ~ ~ ~I Statement of Income and Expenditures -Expenditures Page 2 12/11/2003 . statement of Income and Expenditures -Expenditures Fiscal Year 2003 Project Area Name (Alameda Project Area - .~ ' ~~ j Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Fiscal Year 2003 Project Area Name Pro ect Area A __,_, Capital Project Debt Service LowlModerate Special Funds Funds Income Housing RevenuelOther Total Administration Costs _ _. _ _ . ~ 477,408 62,250 5539,658 ..___ ... ... __ _.. Professional Services _...._...,...._...._.,..........-------.._......._.,......_...........__ .............._.r__...._...-------.. .. ... _ 298,826 ~ 5298.826 ~___._...L__ _.__._... Planning, Survey, and Design ~ 1,800 f ~ 51.800 Real Estate Purchases ; 234,320 i i 3234,320 cquisition Expense 7.764 ; ... __ . .. .. .,_ _ -- ~ ~ $7,764 Operation of Acquired Property ~ i ~ ~~-30 Relocation Costs 300,665 ; r- 3300,665 Relocation Payments ~ ~ ~ i 30 Site Clearance Costs ~___~ .-..77,150 , _ __._.._._........L...__..-_.........._. ~ 317,150 Project Impreverrent! Constructi r---- on Costs ; 744,353 ; _;~ 62E,30C $'70,653 Disposal Costs ~ _ J 50 _. lASS on Disposition of land Held for -.,,__,.. _____.-.L _._... -.- ~.~ „...~_ . , , , ~0 _,,... _. --~ -- Resale _ . . Dppff4 Statement of Income and Expenditures - 6cpenditures Page 3 12/11/2003 Statement of Income grid Expenditures - Ezperiditures -- ... _.. .. - ------.... _ _ _ _._. _.. _....._.__._...... ...........50 . Debt issuance Costs i j Other Expenditures Including Pass- ~ 2,087 ; 226,306 $228,393 Through Payment(s) ~_.... _ _..___--_-.... _.........t..__---.....--__-~ Debt Principal Payments: Tax Allocation Bonds and Notes i I 155,800 i 34,200 ; $190,000 Revenue Bonds, Certificates of ~ - `~, ; - - ~-`~""` $0 Participation, Financing Authority Bonds City/County Advances and Loans ( J 190,000 ; , - $190,000 -.. -__. All Other Lang-Term Dabt ~ ' - .f ...__~---------._ . ao Total Expenditures 31,484,373 51,446,269 $871,410 SO $3,802.052 Excess (Deficiency) Revenues over ($1,239,597) $1,545,315 ($833,884) SO (5528,166) (under) Expenditures DpGlffp Statement of Income and Expenditures -Expenditures Page 4 12/11/2003 Statement of Income and Expenditures -Expenditures Fiscal Year2003 Project Area Name Pro ect Area A ~` .-_ - ~ ._ _ _ ~~ Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing ReveriuelOther Total Fiscal Year Project Area Name Proceeds of Long-Term Debt Proceeds of Refunding Bonds Payment to Refunded Bond Escrow Agent Advances from City/County Sale of Fixed Assets Miscellaneous Financing Sources (Uses) Operating Transfers In Tax Increment Transfers In -----.. . Operating Transfers Out 503,933 ._._.- 5503,933 Tax Increment Transfers Out 159,551 ~ 5199,551 l ............. ._...._1 _.... (TO fhe LQW 8n~f f!40derefe /nCnme Hn~rsins Fun~1 Total Other Financing Sources (Uses) $503,933 (3703,484) $199,551 30 30 S-atemeM of Income and Expenditures -Other Financing Sources Page 1 12/11/2003 Statement of Income and Expenditures -Other f=inancing Sources 003 EAlameda Project Area _~ Capital Project Debt Service LowfModerate Spec:ai Funds Funds Income Housing RevenuelOther Total DG1Glff4 -\f~`, +t'.t t k 1~4r r' p~l[•r tiHrd~e' `i ~' YGr/~(/~,y~~11•-a ~~~+'t~..i{r /' ,; ('t ,.,(I;ry~J.!%,5~e~`~~:t~~i t ~~i ;:n x. \. ~ i; la; {eXl t u }- rtr~ ~ ruK z \~ "i~{ ct; ..} ~ ft f ~.,.ir'~1 .1,. \.. .i..... .~lS ~.,f..5h \T.. ::'~: 1 .2 T. CcS,L ,,I:. , r ~, ,'. , ~ ..,. \.\.i. ~.ri., ,, .i t f ~~} t l~;~r~ ';j.~:;7~iSaitt 4i t, 1- tit T ~'il \~,1.~1.. 'af, ti,. ~.y.. ... .. tl t l ;, t.~tedevt#Id~rtyent ~-~~nct s ~~nat,~tii~lt t~lns~+c~lc~~ts'ReKrtxrt l +' >tr~: ~ ., , ,. ~: ..1 ... .I... I,~i..~,.t., t,-. ~. .. ~:t::\1 '.. i. ~.: ).1. ., .r.tA~1 \ h.:_7_~.i t.:~T3 A.... :1t ~:, ,fit .}.:~'~'ll T ;..4 .tt '-`.1~ I , ) \ .1 t'. 11 t~ .1, Statement of Income and Expenditures • Other Financing Sources Fiscal Year 2003 Project Area Name Alameda Protect Area _ _,_ ~ ~_ .__i Capital Protect t;kbt Service Low/Moderate Spacial Funds Funds Income Housing Revenue/Other Total ... ... Excess (Deficiency) of Revenues and $0 E282,159 $110,688 ~- $0 $392,847 Other Financing Sources over ~ (~ ~ Expenditures and Other Financing Uses ~ ~ ,~`I ~~ `~ Equity, Beginning of Period $483,120 $604,159 $1,011,477• 30 52,098,756 Prior Period Adjustments j -483,120 t ! 86:064 , _._.. ...-_..~.. _.__......... - ~ .._~ (5569,184) __ ... Residual Equity Transfers ~ , $0 ._.. t.._...__._._._...:_. Other(Specify) A B C p E Refresh ............ J I } ~ --------- ~ _ . 7ota1 ~ . ........_. ~~....... .._ _.. Other Total _..._. ~ _ ___ _ _. E uit ,End of Period 9 Y $0 $886,318 „$1036,101 $t) 31922,419 Statement of Income and Expenditures -Other Financing Sources Page 2 12/11/2003 !,°~ ~ - :y;\„~ S-ex t. 1. , 4 :'1'. '. ~], ~. > 17,~ 1, JI ~' .l'. I 1 ?('r;.,F't :,~f: r''7:S YY5•`•f S'.ri. ~r'` n //~~ 1 /'~^ a. y~ ~r 5 'y l' f - ~ : (- ~,;I'' i ~ .t ~ ..?.1 l.i'r'Yll S1 Tt `.4 j.Irt~~it e,Y,.: ry..I~>~~//1~~ :iFta''pptyY~1t ~iV~ ~::V... llI y ~ j, 7~ 1 1 1 •.I:~i .f ;Ft `+?:: -:iSraL~i' . AA .,1,~. J L; ..rte y t i~ 3- :il a.. .( ~t r ""~•,• <,~n„ piY:2.: y.\.,t„a iFiJ'a•it:i%; ,l: '? ,IT; ..a. 't: .rl. ,. ~..,~,. .7 \. tllti l:rri .,..t.J:iV ....... .... .. ... ., .,. ,..,,, t .. .-_. ..as;, r: Lp`.`..1 ~~:, $Cvk~i1:. !'F.'.1 ~. .'u: r:',r.;ir_it~r'Fiie3. r;.i.., ,`l Gfra\,•,~ 7 '~' \.- ,:.k, 4 t 't t.\ I n, .M .. 7 1 n i. y I \J °\~ v;~~ ~K I,o .. If~[" \ \!,4 = v:Y l;±• ? 1. 1" ~ t .:1 v /y l }x) r; ~~; 1, It\ ~ yj , ~, ~ ~ ~Q,., ,i~-ge~cte~ ~ittani~ ~~\~ t~o~t ¢~ep~r! s t,; ~~~~:,.. .... ...., .. a~',\~.: ..: fit:.. 1. ,.:.i~'. !~ .. ,,.- i,. k71T~"I'nA."s:r ~.t ~)!{::~ai<:i~s~n4 t \.._!::r: •~.1 .~..tY. ~:;.`.\A r;:;SS1f~t~'.. )ttlh„i:. y., ... ,`i;1i ..I ..i~ r... .. _,<,a i~.. .. ~.'C ... Tli. r. ... .., Statement of Income and Expenditures -Other Financing Sources Fiscal Year (2043 j Project Area Name Protect Area A _. _ ~~ Capital Project Debt Service Low/Moderate Special Funds Funda Income Housing Revenue/Other Total Proceeds of Long-Term Debt -Y.. j __~.....__. T- __ __ .- .. ., ~~' ~ $0 Proceeds of Refunding Bonds _. -W _. _ ....... ...... __.I_...... _....._......,.._._,,..., , ? _. _,.. .....~o .. . Payment to Refunded Bond Escrow Agent j 1 ! , - $~ . _. _ V, Advances from CitylCounty ~ j I '; SO Sale of Fixed Assets .............----.........._._... .. __ .. .,...------- _........ ._.. .........._ _... .. ............50.... . Miscellaneous Financing Sources (Usesy ~ ~ ~ ~"~` gp Operating Transfers In 1,113,293 ; ~ ` 1 .. 51,113,293 . ...... ............. Tax InC'c-~;+tTrd,rSfcrS In ,..,..-..__ ., [. - `-.4137, 937. ~ ~ ............................._.... $487,997 Operating Transfers Out I i__._._....~_....__ . -- _ 1,113,293' I _.._...__~._....1 .__. 51,113,293 ---_ Tax Increment Transfers Out r ; ~~ 487,997 ~ $487,997 (To the Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) $1,113,293 ($1,601,290 $487,997 SO 50 Statement of Income and Expenditures -Other Financing Sources Page 3 12/11/2003 ~;Si4/fir it ~~.~ ~1 al ~lS i S 1i `..i (Y,j .~>.. } I o 5. _~._ } r ,, .,.. ., .. 4 ,1.5 ,t ~ It, :' ,y 'I ~ " ' i ~ t.,rt!-~tti~~, ~+ ,~dev~~td enXR e ~ 1 (7t 2` F 1# `1 t 1i1~ ~t (t ~ , 1 ~ , i S r71 f y" , ,,. , '~':: a.,, ...,,..~.1 .1.ir ry.._. -,. h5 .f'!k !i1 :.r,.:ry' tiSti ~irj..~_. `yt t~.l4 JU 5•,~ 1~.t .0,.. 7,w. ~i~ ,~ 'j 1, 5~ r ~ 3rl ~ii{rZ+ ..,:: . ,:_•.. ., _,:. a. 5.,. 1_J L.t~,.' l.k~( .....,11,r ,4a•':,..... ,.u:;5'; 1i ,.; t.'~c19;... !C, '., ,.. ., .,r ,.._'.. ,,. ~. ,..-..,.irt• `. _.. ,. ..5 .. ,... ..,. Statement of Income and Expenditures -Other Financing Sources Fiscal Year (2003. Project Area Name IProlect Area A _ _ ~ ~ ~~ Capital Protect [lebt Service t.ow/Moderate Special Funds Funds Income Housing Revenue/Other Totai Excess ([)efficiency) of Revenues and ($126,304) (555,975 ~ (5345,887) ' $0 ($528,166) Other Financing Sources over Expenditures and Other Financing Uses (~l j~ u~{ ~ ~ G'' f1~J If~ k ~ ~ ± r",.~ Equity, Beginning of Period $3,272,160 $2,707,151 $4,357,116 50 $10,336,427 Prior Period Adjustments 2,286,240 i 200,000 86,064: 52,572,304 ;. ... Residual Equity Transfers ~~ Other(Specify) A B C O E Refresh,. ~.. ._ ..-- .. ..._. Total Other Total Equity, End of Period ....... $4,097,293.._. ._ _ ..... ~ ,_...- ..._ $5,432,096 52,851,176 SO 512,380 565 Statement of Income and Expenditures -Other Financing Sources Page 4 12/11/2003 ~~sti -.1 tl +~ i1=cfi s li ;r -t 5 k ~ 1. ~r 1 f : Rl t + 1 ... ... .. .. . _ 1. ._.... ..-_ Fiscal Year 2003 Assets and Olher Deblfs Cash and linprest Cash Cash with Fiscal Agent Tax Increments Receivable Accounts Receivable Accrued Interest Receivable Loans Receivable Contracts Receivable Lease Payments Receivable Unearned Finance Charge Due from Capital Projects Fund Due from Debl Service Fund Due from Low/Moderate Income Housing Fund Due from Special Revenue/Other Funds LowlModerate Special Capital Projects Oebt Service Income Nousing RevenuelOther General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total DG1G1~4 -----.. 1 791 934_; ...__._ _....__ ~ 1 939,517 - - - --- --.. _. ,. --- t ___.-_. 4,274,302 . _...- .. ... --.-_ 58,005.753 1 187,177 ; 0 1. I .. _ .. 51,187,177 t ..... --. _._ _ . f _ _ ..._ __--307 217 ,--- - •------ . ~.._-:..... _. _ - --~ ` . .. $307,217 . I .. __,-._.. . ...._.... ... .. .-... -. .. . --- -- - .. .... ._ -~ -- --~ _ . J , . ~. J a0 i 132 ... .. .. ..... .. .__... 4,102 ' _.-__.. ...-.-_.. 1 223 ' ._, .-..- I ~ ~-.-~ ! - ~ : : 55,457 ~: _ _ . ---- -.. -. _ _., _ _ . . 4,545,OOD i. ~ ... ...387 375 I _ -- - ! t $4,932375 _.., ~ ... .-- . ._ _........ _~... ___. f..--- ~ _...._ L -_ j .. ___~ - . . ,., __, . - L ._. _ . _-_.. ... ---.-_. --- ~.-._ . ____ ...! -- ._... ! _ -~. _ .... _~ - ~~ ._ ~ .- SD t ~ ' so ----~. ~. _ _ ._--- - ---- 250,000 -_ ___i.--`- ' ' ' ;: 5250,000 450,000 ; _...__ ~ .-__....___.1__ ..._ --.._ ~ .. .. __.._~.~ :'.' ,~~:..: ~ .;: ... . . -• ~'.' 5450,000 _ ..------ --.. ...._.-- -..---.. .._ __T - -- ' SO .~ .. _' _. .___.... _. -~._.l _ . ( _..~ _ .. i -- 50 Balance Sheet -Assets and Other Debils Page 1 12!1112003 Balance Sheet -Assets and Other Debits nn ff4 Investments ; i ~- -- -i- -- '- - - - j _. __ ' - ~. ~ , ~......_.. _ .......50 ... --- Other Assets 2 015,039 3,586 986 , 971,612 ; ~ ~- : .. ... . $6,573,637 InvgctmPnta; La, F{RI fnr 900 9 2 t ,, ..._. _-_._._~ _. .. _~ _._ t ....~ -~.. .n„ ~-~--... .. __ .--". '-.. .- ' ` ~~ = .. . - - -... .. . 349: 140 53 Resale _ _ " - --- . , --. ..- Allowance for Decline In '"'~ "-' - ~ _.._ .....__ .. .. ___.. ~ _ __ . -~ . ~,-50 Value of Land Held for Resale ..._ Fixed Assets: land, --~._ .--,-- --- ~:"____. -~_~ .. ._. .. .. I i _ _ _ 1,723,277 51 723 277 Structures, and Improvements ._._._.__ .._ .. _ --;... , , - , Equipment __,.. _. _ _ _ _ .... .. Amount Available In Debt i F S - . ~----'"'.L_ ~ . --`--- --- ; .w__. 50 erv ce und Amount to be Provided for ~' "-----" -- r "`-~"" ......__... ----- -- ,---- 16,301,789 ~ , ~ '--•°°- ••- -- ~ .516 301 789 ` Payment of Long-Term Debt ._-~.. ~ _. _._ ._~_. ~-~ . , •-~ .... .. ,. .. Total Assets and Other $12,218,514 $6,087,822 $6:545,629 $0 $16,301,789 51,723,277 $42,877,031 Debits ~ . ~~ (Must Equal Total Liabilities, Ofher Credits, and Equities] Balance Sheet -Assets and Other Detests Page 2 12/11/2003 Balance Sheet =Assets and Other Debits Low/Moderate Special, Fiscal Year 2003 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Low/Moderate Special n UU ~U{ 'r~ U Fiscal Year 2003 Capital Projects Debt Service Income Housing Revenue/Other General Long- General FtxeK~ ~JIJ IJ'Li IIIJJJ _ Funds Funds Funds Funds Term Debt Assets Total Liabilities and Other Credits Account P s ayable - 474,633 ( _..._ - ! ~ _ - 53,248 7 , _~~~" ~.`.,, ~ ~ , <;,, . ti:';.;;.;;;;;.; i . 527,881 Interest Payable T ` `_- , .. i ~ - ''-" "` x 'pa6on Notes Payab I ~' " ;: , .; - ... Loans Payable ; ..-..~.... .._..---.-_ _._.. __:. .~__. ~ ~ • , .._____ ~-__----- SG Other Liabilities 6061.785' 1,900328 1,356,967 -- ~ ~ _'"''-t~__•_ _, ~ _ ,. - 32 i 59 100 .._~.__._ ~ - _ _ __~ _... _.. ,-- ._.~ -_. - , , Due to CapiL3! Projects Fund i 450 000 ' l _ - a45o,otio Due to Debt Service Fund ~ 250 000 ! __ l~ ___ _ _ _ _ _ ~- _ _ _ ~ ~ 1 _ '5250,000 Due to Low/Poderate --... /-_.. ! . - . .--- _ .. 30 Income Housing Fund ._ _ . _.._ ___---__~__- .. Due to Special ~ _...._ _ .....: _ . `__._ .:, SO = ~ = RevenuelOther Funds . . .• .-- -- _. -- - ._ .---. .. . Tax,4t!ocaticn @onds Pa,~b!^ . I ~.-_.-._ __.- _._ _~ .. _ i ,_. .:.-._.,.~.~ . -- ---- 14,365,000 514,365,000 Lease Revenue, CertiTicates _ ~^ --- -""- -- - ~ 1 ~- 3ti .. of Participation Payable, --- -- - - - . ---- ._..__. -- ~-- Financing Authority Bonds All Other Long-Term Debt I ,,.,, ~;.~ , '. ~ ~ ;, ~~ - ._T.r- 1,936~789J , : ,., E1,936,789 Total Liabilities and Other $6,786,418 52,350,328. 51,412,235 $0 $16,301,789_, ~ ~ $26,850,770 Credits - - Balance Sheet - Liabilfties and Other Credits Page 1 12/1112003 Balance Sheet - Liabilities and Other Credits Balance Sheet -Liabilities and Other Credits Low/Moderate Special Fiscal Year 2003 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total .. D~a E udies q 1 Investment In General Fixed r- ,': - ~~ ) _,~:~. ~ ~ ~- <) 1,723,277 $1,723,277 Assets _. - - "' _.. Fund Balance Reserved 2 254,231 • 3,737,494 911,117 ~ - ~----- ~-~ ~-T- ~-~ __ _ , a6,902,842,~~. -... Fund Balance 3 177,865 ~-_- _ . ._ ___. _ - _-. - Unreserved-Designated " -~"`- - ---- 4.222 277 i ~_ ; , $i,4vv, ld2 ~_. ~ __ _- ....._ and Balance SO Unreserved-Undesignated _ _. .. _~____----,_-_--._~.. .____..._.. -... _ _ Total Equities 55,432,096 33,737,~94~ ~~ --.._.. $5.133,394 , ... ..~O~I~._ __.~..:`:_`-..`-.- .$1,723,277 .616,026,261'... Total Liatrilities, Other Credits, and Equities 512,218,514 .$6,087,822 $6,545,629 ~~- $0 $16,301,789 ~ $1,723,277 $42,877,031 Balance Sheet -Liabilities and Other Credits Page 2 12/11/2003 ;,~ -_1:_ i ~-1 r .~r-\:,~.~.y..v~. ..-.. ~ p, .. ,, ~<l14 {.6-.i{I I/l~y. y ~ y ~~ ' f ! t~. 4 J2 , 1.'., }~ sit; J JII 1. ' ~1t 111 :1 i r}1 `I ~-f:~3.~;1~"±""~`^d~rb.}~t~r~T~~~~~~,~~i~~r'!"ge_..F~y is i t ; Ir .! l~ 11 ~r ti`ii irf i t? \ s .i i ,1 ..s ...1.1, t. i' ..., ..l„~~1i':~s,'.~,i„{~`4.:: 1s'%:'t11, F14`t+.a.lr'rlla,b yi lyt. ;Zji,41 ftlvtys ~'in#A,,~:,:. ftdF)1 i:~(;~~. ~t, ......ir r .,.F..... 1{, .t; ..v. .,~15: sy. ~ _.. .,. tr rit{i`g.Pr` r.l ^;.ir" sR?~ Cvr,Sr. ,.1.. ,l.o r,c,, ;.,~. , u:' ~r,: ,, ,r ~l{~;~ ~e'devel+~~ti~~cit~-~~~:~(trs ~~riar>i~l~l,.~'r~i~~l~c~rdk~~`~~p~~F 1 ~~ f ~~ ~ „ , r. .1. ',1 ... r,F.! u 1. ..r .1:. .'.I.!.fir, ... ... 1 r ~a.t„r r r• ,t i.. I.~r .r .r,... ...1..• , , ... .. Statement of Income and Expenditures =Summary, Combined Transfers In/Out Fiscal Year 2003 Operating Transfers In 51,617,226 Tax Increment Transfers In 5687,548 Operating Transfers Out .. .. ... 51,617,226 Tax Increment Transfers Out 5687,548 DG1G1~4 Statement of Income and Expenditures - Summary, Page 1 12/11!2003 Combined Transfers in/Out Lynwood Redevelopment Agency Redevelopment Agencies Financial Transactions Report. Statement of Income and Expenditures Revenues -Consolidated Oppff17 Fiscal Year 2003 Low/Moderate Speclsl Captial Project Debt Service Income Housing RevenuefOther Funds Fund s Funds Funds Total Tax Increment Gross _ . ......_..... ~._....-..... SO ;~ $0 $3,961,752 SO 33,961, 2 pecial Supplemental Subvention 7 • S0 ~`-` FO ~"°" cn SO j ,... :. ....... 0 Property Assessments . .... . SO .... ,,,, ,........._.._ ............... _ ~° ~ - .,. S0 S0, SO ~.. . ........... ~ Sales and Use Tax .... ..... ~0. . ..._.. .... ... ......._.. .. so ~`' .. So so So..... Transient Occupancy Tax ' SO 50 ~_.._ g0 SO SO _:...... Interest Income ... _ -- -• • • ~ -• - 516,733 35,407 Sd8,865 $0 5103,005 :.. .. entallncome 51,800 ~ $0 S0. -~ -. _.... 51 BOD ~ . t.ea5e tRCOr7e _ . .................. . ~ ~Q ~''"""'~~".~~ $0 0 ... . Sale of Real Estate $130,000 . 5U .: $t7 513o•ooti Gain on Land Held far Resale .. ~ - SI) °° ° - - so Federal Grants ' ~• - - ...... ...... ~"~'"sq so Grants from Other Asencies SO - 50 Bond Administrative Fees ...._. $0 "~"" --. ~--- . SU.. ... 3Q ~~So --EO Other Revenues ... . ... ... ....... .. _ _ So $94 243 542,280 - ............... :::._ - . - ... .............. ~~.~._,.. _.....SO V $0 .... $136.523 ... .._ otal Revenues • .......... ..a~ ............._.-.4,333,080.: . ~ $244,776 .54,039,439 548,865 Revenues -Consolidated Page 1 12111 X2003 Lynwood Redeveioptnenf Agency Redevelopment Agencies Financial Transactions Report Statement of Income and Expenditures Expenditures -Consolidated Fiscal Year 20113 Administration Costs Professional Services Planning, Survey, and Design Real Estate Purchases Acquisition Expense Operation of Acquired Property Relocation Costs Relocation Payments Site Clearanco Costs Project Improvement /Construction Costs Disposal Costs Loss on Disposition of Land Held for Resale DpGlffff t.ow/Moderate Special Capital Projects Debt Ssrvice Income Housing Revenue/Other Funds Funds Funds Funds Total ,.. . . . 5876,11 , ..50 5124,500 SO 31,000,641 ' ................ ... ... 50 01,939 SO 50 5401,939 ................. .... ........... . . .............. . ........ .. 50. g0 ..... ............... . . 51.800' 50. 51,800 ._..._ _ --- 5234,320 SO .._..... 30 ........... _ $0 ~ 5234,320 ,. ~~ .... . so ~. _ ... _.. _.....50 ~,~..~......... to . s7,7so So _... _._..... .~,,,,,~,,.~,,.. 5300,665 g0 ., ... .... _ 50 ~y3300,665 50 SO ~ 50~... ... SO 50 317,150 $0 ~`~."_`_" ~u ~~...r..- $0 517. ~l `.~0 $144,353 50 3626,300 ...w..... $0 5770,653 y _.. .,..- - ._. 50 50 ........ 50 .~`""``......~` SO Expenditures -Consolidated Page 1 12/11/2003 Lynwood Redevelopment Agency Redevelopment Agencies Financial Transactions Report Statement of Income and Expenditures D (~ a Expenditures -Consolidated 'uf1uS ~ I? Ftscal Year 2003 UU Capital Projects Debt Service Low/Moderate Special Total Funds Funds income Housing Revenue/Other Funds Funds A 8 C D E Decline in Value of Land Held for ~~ Resale ~~~. $0 w.....-.: ._SO•. So So +~" 30 Rehabilitation Costs Rehabilitation Grants So $U SU ~~,,. -...50 . - Interest Expense ~....... SO 5920,585 S~ 177,112 SO 81,097.697 -. fixed Asset Acquisitions - $0 SO $0 80 .... .. SO ~. . Subsidies to Low and Moderate Income Housing Fund .. . ... ~o . -~ SO ~~.... SO 50 SO Debt Issuance Code SD ........ ~--- _ `SO -.., . ...... -... ~p ..... 3G ~ ~ SU _...:.... .w ~ Other Ex enditures includin Pass P 9 Through Payment(s) ~.._.~: ,,,, _.. ... .. - .. _.. • ~ - - $4,174 5226,596 80 ~ $0 8230,770 Debt Principal Payments: Tax Allocation Bonds and Notes __ ~~ g0 8171,300 $43,700, ~_ 8p ~~ $215,000 . - -- Revenue Bonds and. Certificates of Participation __ ..-.. .$0 f""-~ $0 ~j"`..~.~-~ $Q .•.-..- . _..... ~0.. ~-.. $o i J CitylCounty Advances and Loans .. .a.,u,. ._ .. .. ~ ........._ SO 5190,000 SO $0 $190,000 : . .. - __ U.S., State and Other Long-Term Debt SO SO ---~ -- 50.. .. 80 , Totat Expenditures ___ $1,988,306 $1,iiG8,481 $971,612 , SO g4 468,399 Excess (Deficiency) Revenues Over (Under) Expenditures .~ .. --o-----... ---.... ' - - - -- • - - ...~• ($1,743,530) $2 530,958 ($922,747) , $0 ($135,319) - Expendihlres -Consolidated Page 2 12/11/2003 Lynwood Redevelopment Agency Redevelopment Agencies Financial Transactions Report Statement of Income and Expt3nditures Other Financing Sources (Uses) -Consolidated DpGlffp Fiscal Year 2003 Low/Moderate Special Capital Projects Debt Service Income Housing RevenuelOther Funds Funds Funds Funds Total Proceeds of Long-Term Debt ~ SO ~__._~ $p ~`"'" -$p r`~"~"" ~ 50 , w„, ~,,,, e.. .... .... . ~,.~..~,..~.~ $p .~o ..... _ ~p ... $p .. , ~W ;0 Proceeds of Refunding Bonds ....-.. __-_ -_ Payment to Refunded Bond Escrow SO ~~ Sp ,~~~ $0 SO SO Agent ~LL - -... -. Advances from City/County $0 ~~ SO SO S0~ 50 Sale of Fixed Assets ~ $0 50 ~4 SO ~~ $0 ~ ~ 50 -. .. ,. . . ~_..... MiscetlTneous Financin Sn~rra ae Operating Transfers In 51,617,226 ~$0 SO $0 $1,617,226 .... - -- Tax Increment Transfers In ~' ~ 5687,548 w 'r ' ' ~ 5687,548 ., ,. _ _ Operating Transfers Out ~ SO 51,617,226 $0 - - - ~-~ ~$p - $1,617,226 -...... Tax Increment Transfers Out ~' '' - . SO $687,548 `. ;.. ,. ,., ` ,.. 5687,548. (To the Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) -~ ._ .. $1,617.226 ----------- . _- .....- .... _. (52.304,774) .........5687.548. SO $0 Other Finandng Sources {Uses) -Consolidated Page 1 12/11/2003 Lynwood Redevelopment Agency Redevelopment Agencies Financial Transactions Report Statement of Income and ~atpenditures Other Ffnancitig Sources (Uses) -Consolidated DGlpff4 ~D r Capital Projects Debt Servtce l.ow/Moderate Special Total Funds Funds Income Housing Revenue/Other Funds Funds A B C p E Excess Deficient • ( ~) of R„tienu,.s and ($126,30!) $^c26,1S4 (5235,199] ~ $0 ($135,319) Other Financing Sourees over Expenditures and Other Financing Uses Equity Beginning of Period 53,755,280 $3,311,310 $5,368,593 ~~-$0 $12,435,183 Prior Year Adjustments $1,803,120 ~§20G,000 ~ $0 ~ $0 $2,003,120 Residual Equity Transfers Sn 30 $0 SO ~y a0 .... Other (Explain) $0 $0 ~ $0 gp gp .. . .. ....- -- Equity, End of Period 35,432,096 ~ $3,737,494 $5,133,394 $0 $14,302,984 Other Financing Sources (Uses) -Consolidated Page 2 12/11/2003 r+ A Supplement to the Annual Report of Community Redevelopment Agencies For the Fiscal Year Ended June 30, 2003 Redevelo ment A enc ID Number: 13981949900 Name of Redevelo went A enc LYNWOOD REDEVELOPMENT AGENCY The U.S. Bureau of the Census requests the following information about the fiscal activities of your government for the 2002-2003 fiscal year (defined from July 1, 2002 through June 30, 2003). Governments furnishing this information will no longer receive Census Bureau Form F-32, Survey of Local Government Finances. If you have any questions please contact: U.S. Bureau of the Census Jeffrey Little 1-800-242-4523 A. Personnel Expenditures Report your government's total expenditures for salaries and wages during the year, including amounts paid on force account construction projects. Z00 $ 777 298 B. Mortgage Revenue Bond Interest Payments Report your government's total amount of interest paid on mortgage revenue bonds during the year. U20 $ 902,498 U.S Bureau of the Census -Revised 7/2003 STATEMENT OF INDEBTEDNESS - CONSOLIDATEb FILED FOR THE 2003-04 TAX YEAR Narne of Redevelopment Agency: Lynwood Redevelopment Agency Name of Project Area: Alameda Project Cover Page Current Total Prinapal/Interest Balances Carried Forward From: Line Outstanding Debt Due During Tax Year Fiscal Period -Totals From Form A, Pa e 1 Totals) (1) 11,853,570 886,268 (Optional) Post Fiscal Period -Totals (From Form B Totals) (2) 0 0 Grand otals vailable Revenues (3) 11,853,570 886,268 From Calculation of Available Revenues, Line 7 Net (4) 589,463 Re uirement 5} 11,264,107 Consolidate on this form all of the data contained on Form A and B (including supplemental pages). Form A is to include all indebtedness entered into as of June 30 of the Fiscal Year. Form B may be filed at the opinion of the agency, and is to include indebtedness entered into post June 30 of the Fiscal Year, pursuant to Health and Safety Code Section 33675 (c)(2). This is optional for each agency and is not a requirement for filing the Statement of Indebtedness. The Reconciliation Statement is to include indebtedness from Form A only. Certification of Chief Financial Officer: Pursuant to Section 33675 (b) of the Health and Safety Code, I hereby certify that the above is a true and accurate Statement of Indebtedness for the above named agency. ALFRETTA F. EARNEST ASSIST. CITY MANAGER Name ~ Title a ' ~~ . ,, ti..i.-~ C~ f - .. - i nat a Date STATEMENT OF INDEBT(DNESS -FISCAL YEAR INDEBTEDNESS FILED FOR THE 2003-04 TAX YEAR Name of Redevelopment Agency: Lynwood Redevelopment Agency Name of Project Area: Alameda Project For Indebtedness Entered into as of June 30, 2003 Form A Page 1 of 1 Ori final Data Current Debt Identification A Cit / A enc Coa ration A reement Date 4/17/1984 Principal N/A Term annual Interest Rate N/A Total Interest N/A Total Outstanding Debt 7,200,000 Principal/Interest Due During Tax Year 580,650 ~ (E Alameda Water Main 6/1!1983 217,464 open NIA N!A 185,900 (~ Alameda Project Area Loan A reement 10/1/1999 1,310,000 29 Years 4.45-6.30% 1,306,848 2,269,433 105,618 D Low and Mod Income Housin Set-Aside E 2/1/1986 N/A N/A NIA N/A 2,198,237 200,000 (F (G) (H (I (J) Sub Total Is Page 11,853,570 886,268 otala Foryvard rom All Other Pages 0 0 otals ~ ~ , Fiscal Year Indebtedness 11,853,570 866,268 Purpose of Indebtedness: (A) Agency Administration (B) Public Utility Installation (C) Funding for Redevelopment Activities (D) Obligation pursuant to H & S Sec. 33334.6 (E) (F) (G) (H) (I) RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS 1 of 1 Name of Redevelopment Agency: Lynwood Redevelopment Agency Name of Project Area: Alameda Project Tax Year: 2003-04 Reconciliation Dates: From July 1, 2002 to June 30, 2003 A B C D E F Debt Identification Outstanding Debt Ad'ustments Amounts Paid Against Remaining 501, Pa a and Line: Brief All Beginning Increases Decreases Indebtedness, from: Balance °rior Yr Current Yr Descri lion Indebtedness (Attach Explanation) Attach Explanation) Tax Increment Other Funds (A+B_C-D-E) Pg 1 Pg 1 City /Agency Cooperation Agreement Line A Line A 714,860 6,987,510 0 502,370 0 7,200,000 Pg 1 Pg 1 Alameda Water Main Line B Line B 185,900 0 0 0 0 185,900 Pg 1 Pg 1 Alameda Project Area Loan Agreement Line C Line C 2,371,276 0 0 99,875 1,968 2,269,433 Pg 1 Pg 1 Low and Moderate Income Housing Line D Line D Set-Aside 0 2,359,835 0 161,598 0 2,198,237 Pg 1 Pg line Line Pg 1 Pg line Line Pg Pg Line Line Pg Pg line Line TOTAL-THIS PAGE 3,272,036 9,347,345 0 763,843 1,968 11,853,570 TOTALS FORWARD 0 0 0 0 0 0 GRAND TOTALS 3,272,036 9,347,345 0 763,843 1,968 11,853,570 NOTE: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation period is limited by law to a July 1 -June 30 fiscal yearend, only those items included on the SOI Form A are to be included on this document. To assist in the following each item of Indebtedness from one SOI to the next, use page and line number references from each SOI that the item of indebtedness is listed on. If the indebtedness Is new to this fiscal year, enter "new" in the "Prior Yr" page and line columns. Column F must equal the current SOI, Form A Total Outstanding Debt Column. ~~-.. CALCULATION OF AVAILABLE REVENUES AGENCY NAME: Lynwood Redevelopment Agency PROJECT AREA: Alameda Project TAX YEAR: 2003-04 RECONCILIATION DATES: JULY 1, 2002 TO JUNE 30, 2003 1. Beginning Balance, Available Revenues 315,431 (See Instructions) 2. Tax Increment Received -Gross: 1,037,875 All Tax Increment Revenues, to Include arty Tax Increment passed through to other local taxing agencies. 3. All other Available Revenues Received 0 (See Instructions) 4. Revenues from any other source, included in Column E of the Reconciliation Statement, but not incuded in (1-3) above 1,968 5. Sum of Lines '! through 4 1,355,274 6. Total amounts paid against indebtedness In previous year. (D + E on Reconciliation Statement) 765,811 7. Available Revenues, End of Year (5 - 6) 589,463 FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS. COVER PAGE, LINE 4 NOTES Tax Increment Revenues: The only amount(s) to be excluded as tax increment Revenue are any amounts passed through to other local taxing agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set-aside in the Low and Moderate Income Housing Fund will be washed in the above calculation, and thereof omitted from Available Revenues at year end. ftem 4. above: This represents any payments from any source other than Tax Increment OR available revenues. For instance, an agency funds a project with a bond issue. The previous SOI incuded a Disposition Development Agreement (DDA) which was fully satisfied with these bond proceeds. The DDA would be shown on the Reconrliation Statement as fully repaid under the "other' column (Col E), but with funds that were neither Tax Increment, nor "Available Revenues" as defined. The amounts used to satisfy this DDA would be included on line 4 above in order to accurately determine ending "Available Revenues." ~--, Lynwood Redevelopment Agency Alameda Project ATTACHMENT NO. 1 ADJUSTMENT EXPLANATION TO RECONCILIATION STATEMENT City /Agency Cooperation Agreement - This is an annually renewing agreement. The adjustment amount is increased to reflect actual costs for 2002-03 and to include the Agency's indebtedness for the 2003-04 budgeted costs of this agreement. For a more accurate reporting, the Agency is including an estimate for this agreement for the duration of the Project. Low and Moderate Income Housing - t=or amore accurate reporting, the Agency is including an estimate for Low and Moderate Income Housing for the duration of the Project. STATEMENT OF INDEBTEDNESS -CONSOLIDATED FILED FOR THE 2003-04 TAX YEAR Name of Redevelopment Agency: Lynwood Redevelopment Agency Name of Project Area: Project Area "A", As Amended Cover Page Current Total Principal/Interest Balances Carried Forward From: Line Outstanding Oebt Due During Tax Year Fiscal Period -Totals From Form A, Pa e 1 Totals 1 88,855,107 3,736,203 (Optional) Post Fiscal Period -Totals From Form B Totals 2 0 0 Grand Totals 3) 88,855,107 3,738,203 vailable Revenues From Calculation of Available Revenues, Line 7 (4) 0 Net R uirement 5 88,855,107 Consolidate on this form all of the data contained on Form A and B (including supplemental pages). Form A is to include all indebtedness entered into as o(June 30 of the Fiscal Year. Form B may be filed at the opinion of the agency, and is to incude indebtedness entered into post June 30 of the Fiscal Year, pursuant to Health and Safety Code Section 33675 (c)(2). This is optional for each agency and is not a requirement for filing the Statement of Indebtedness. The Reconciliation Statement is to incude indebtedness from Form A only. Certification of Chief Financial Officer: Pursuant to Section 33675 (b) of the Health and Safety Code, I hereby certify that the above is a true and accurate Statement of Indebtedness for the above named agency. ALFRETTA F. EARNEST ASSIST. CITY LiANA~r;~ Name n itle Si ature Date STATEMENT OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS FILED FOR THE 2003-04 TAX YEAR Name of Redevelopment Agency: Lynwood Redevelopment Agency Name of Project Area: Project Area "A", As Amended For Indebtedness Entered into as of June 30, 2003 Form A Page 1 of 1 Original Data Current Debt identification Date Principal Term Interest Rate Total Interest Total Outstanding Debt Principal/interest Due During Tax Year (A) City / A enc Coo eration A reement 4/1/1984 N/A annual NIA N/A 38,800,000 1,500,000 (B) Project Area A Loan Agreement 10/1/1999 13,660,000 29 Years 5.85-7.65% 14,667,276 25,954,680 1,024,410 (C) Low and Mod Income Housin Set-Aside N/A N/A N/A N/A N/A 16,836,681 500,000 (D) LA Coun Tax Sharin A rmt (81 Annex) 11/18/1980 N/A N/A (?% 0 4,078,392 230,793 (E) Cit /A enc ReimbursementA reement 6/1/1990 1,943,000 18 Years 12°h 2,574,825 1,225,360 239,200 (F) Cit /A en Cooperation A reement 6/7/1999 1,300,000 20 Years 6% 966,798 1,959,994 241,800 (G (H) (I) (J) ubTotal riffs Page 88,855,107 3,736,203 otals Forward From All Other Pages 0 0 otals, FlscalYearlndebtedness 88,855,107 3,736,203 Purpose of Indebtedness: (A) Agency Administration ~B) Funding for Redevelopment Activities (C) Obligation pursuant to H & S Sec. 33334.6 (D) Tax Sharing Agreement (E) .Cost Expended by City on Behalf of Project to be Repaid through Agreement (F)_ Funding for Redevelopment Activities (G) (H) RECONCILIATION STATEMENT -CHANGES 1N INDEBTEDNESS 1 of 1 Name of Redevelopment Agency: Lynwood Redevelopment Agency Name of Project Area: Project Area "A", As Amended Tax Year: 2003-04 Reconciliation Dates: From July 1, 2002 to June 30, 2003 A B C D E F Debt Identification Outstanding Debt Adjus tments Amounts Paid Against Remaining SOI, Pa a and Line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (Attach Explanation) (Attach Explanation) Tax Increment Other Funds (A+B-C-D-E) Pg 1 LineA Pg 1 LineA City /Agency Cooperation Agreement 1,378,596 38,959,860 0 657,143 881,313 38,800,000 Pg 1 Line B N/A Lynwood Center 140,000 0 140,000 0 0 0 Pg 1 Line C Pg 1 Line B Project Area A Loan Agreement 26,970,949 6,859 0 1,015,889 7,239 25,954,680 Pg 1 Line D Pg 1 Line C Low & Mod Income Housing Set-Aside 3,023,160 14,118,658 0 305,137 0 16,836,681 Pg 1 Line E Pg 1 Line D LA County Tax Sharing Agreement (1981 Annex) 4,304,660 0 0 226,268 0 4,078,392 Pg 1 Line ~ Pg 1 Line E City -Agency Reimbursement A reement 1,469,520 0 0 244,160 0 1,225,360 Form B LineA Pg 1 LineF City !Agency Cooperation Agreement 2,102,768 0 0 142,774 0 1,959,994 TOTAL-THIS PAGE 39,389,653 53,085,377 140,000 2,591,371 888,552 88,855,107 TOTALS FORWARD - - - - - GRANDTOTALS 39,389,653 53,085,377 140,000 2,591,371 888,552 88,855,107 NOTE: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation period is limited by law to a July 1 -June 30 fiscal year end, only those items included on the SOI Form A are to be included on this document. To assist in the following each item of indebtedness from one SOI to the next, use page and line number references from each SOI that the item of indebtedness is listed on. If the indebtedness is new to this fiscal year, enter "new" in the "Prior Yr" page and line columns. Column F must equal the current SOI, Form A Total Outstanding Debt Column. ~--,, .~.. CALCULATION OF AVAILABLE REVENUES AGENCY NAME: LynwoodRedevelopment Agency PROJECT AREA: Project Area "A", As Amended TAX YEAR: 2003-04 RECONCILIATION DATES: JULY 1, 2002 TO JUNE 30, 2003 1. Beginning Balance, Available Revenues (See Instructions) 2. Tax Increment Received -Gross: All Tax Increment Revenues, to Include any Tax Increment passed through to other local taxing agencies. 3. All other Available Revenues Received {See Instructions) 4. Revenues from any other source, included in Column E of the Reconciliation Statement, but not included in (1-3) above 5. Sum of Lines 1 through 4 6. Total amounts paid against indebtedness In previous year. (D + E on Reconciliation Statement} 7. Available Revenues, End of Year (5 - 6} FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS, COVER PAGE, LINE 4 NOTES 2,591,371 888,552 3,479,923 3,479,923 0 Tax Increment Revenues: The only amount(s) to be excluded as tax increment Revenue are any amounts passed through to other local taxing agencies pursuant to Healtr and Safety Code Section 33676. Tax increment Revenue set-aside in the Low and Moderate Income Housing Fund will be washed in the above calculation, and thereof omitted from Available Revenues at year end. Item 4. above: This represents any payments from any source other than Tax increment OR available revenues. For instance, an agency funds a project with a bond issue. The previous SOI included a Disposition Development Agreement (DDA) which was fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statement as fully repaid under the "other' column (Col E), but with funds that were neither Tax Increment, nor "Available Revenues" as defined. The amounts used to satisfy this DDA would be included on line 4 above in order to accurately determine ending "Available Revenues." Lynwood Redevelopment Agency Project Area "A", As Amended ATTACHMENT NO. 1 ADJUSTMENT EXPLANATION TO RECONCILIATION STATEMENT City /Agency Cooperation Agreement (1984)- This is an annually renewing agreement. The adjustment amount is increased to reflect actual costs for 2002-03 and to include the Agency's indebtedness for the 2003-04 budgeted costs of this agreement. For a more accurate reporting, the Agency is including an estimate for this.agreement for the duration of the Project. Lynwood Center - This item is no longer an obligation to the Agency. Low and Moderate Income Housing - For a more accurate reporting, the Agency is including an estimate for Low and Moderate Income Housing for the duration of the Project. SOE Tables 2003-04.x1s DATE: December lb, 2003 TO: The Honorable Chairman and Agency Board Members FROM: Lorry Hempe, Executive Director BY: Alfretta F. Earnest, Assistant Executive Director Christy Valencia, Deputy Director of Finance SUBJECT: Reappropriation of Funds PURPOSE: The purpose of this item is to have the Agency Chairman and Board Members adopt the attached resolution reappropriating funds to cover outstanding encumbrances or obligations for year ending June 30, 2003. BACKGROUND: Funds were appropriated and a purchase order was issued to HUB City Construction relative to a Redevelopment Agency Housing Project in the amount of $430,025 during FY 2002-2003. The project was initially approved in FY 1999-2000 for the construction of five (5) single-family dwellings on Agency owned property. The amount of $258,600 was paid to HUB City Construction during FY 2002-2003. Staff is requesting to carryover the remaining balance of the purchase order, which is $171,425. The FY 2003-2005 Biennial Operating Budget does not include appropriation to cover expenditures relative to the project. Therefore, the remaining balance of this obligation requires reappropriation to cover disbursement of funds for incurred expenditures during the current fiscal year. The reappropriation of funds is a standard in governmental accounting and is in accordance with Generally Accepted Accounting Practices. RECOMMENDATION: Staff respectfully recommends that the Agency Chairman and Board Members adopt resolution entitled: "A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD AUTHORIZING THE REAPPROPRIATION OF FUNDS FOR OUTSTANDING ENCUMBRANCES AT FISCAL YEAR ENDING JUNE 30, 2003". AGEIyDA ITEM RESOLUTION NO. A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD AUTHORIZING THE REAPPROPRIATION OF FUNDS FOR OUTSTANDING ENCUMBRANCES AT FISCAL YEAR ENDING JUNE 30, 2003 WHEREAS, the Agency desires to carryover the remaining balance for a purchase order issued to HUB City Construction relative to a Redevelopment Agency Housing Project; and WHEREAS, the Agency Board Members adopted the biennial operating budget in July 2003; and WHEREAS, Lynwood Redevelopment Agency has closed its accounting records for FY 2002-2003; and WHEREAS, it is necessary to reappropriate unencumbered balance in the Project Improvement account to cover program expenditures for FY 2003-2004. NOW, THEREFORE, the Agency Board Members of the Lynwood Redevelopment does hereby find, order, and resolve as follows: Section 1. That the Executive Director or her designee is authorized to make the following appropriations: FROM TO AMOUNT $171,425 Area "A" L/M Housing Unappropriated Fund Balance 26-5100 171,425 Section 2. This resolution shall become effective immediately upon its adoption. PASSED, APPROVED AND ADOPTED this day of , 2003 FERNANDO PEDROZA, CHAIRMAN x ATTEST: ANDREA L. HOOPER City Clerk APPROVED AS TO FORM: Agency Counsel APPROVED AS TO CONTENT: LORRY HEMPE Executive Director ALFRETTA F. EARNEST Assistant Executive Director/Director Finance & Administration LYNWOOD REDEVELOPMENT AGENCY PURCHASE ORDER BY ACCOUNT NUMBER CARRY OVER FROM F.Y. 2002-2003 TO F.Y. 2003-2004 Hub City Construction PURCHASE ACCOUNT# Q.BDEB~ AMOUNT 26-5100 4914 $171,425.00 TOTAL BY ACCOUNT $171,425.00 Total to be carried over: $171,425.00 .,-. ''`, DATE: December 16, 2003 TO: HONORABLE CHAIRMAN AND MEMBERS OF REDEVELOPMENT AGENCY FROM: Lorry Hempe, Executive Director By: Louis Morales, Director of Redevelopment John Perfitt, Deputy Director of Redevelopment THE SUBJECT: ADOPT A RESOLUTION APPROVING THE ACQUISITION OF TWO CALTRANS PROPERTIES Purpose: Pursuant to direction provided by the Agency Board during closed sessions on November 18, 2003 and December 3, 2003, Agency staff will purchase two parcels currently being offered for sale by the Excess Land Sales Division of Caltrans. Facts: Caltrans is required to provide the City of Lynwood a first right of refusal on any excess land located in Lynwood that it intends to sell. If the City of Lynwood does not want to acquire the property, Caltrans can then sell it via a public auction. Currently, Caltrans is offering three parcels of excess land for sale, two of which are of strategic interest to the Redevelopment Agency. In order to complete the sale, Caltrans typically requires a resolution from the purchasing agency that officially approves the acquisition; hence the attached resolution approving the acquisition of the purchase of these properties. Agency staff members recently received direction from the Agency Board to pursue the acquisition of the following two properties. PATEL HOUSING PROJECT/DIRECTORS DEED #980489-01-01 The Agency is facilitating the purchase of excess land from Caltrans that will be used to construct up to five units of new for-sale housing at the northwest corner of Fernwood Avenue and Birch Street (refer to attached map). The land will be purchased by the Agency for $100,000 and will be resold immediately to the developer (Ray Patel) for the same price. Because Caltrans will not sell to a private party directly, the Agency is facilitating this transaction and will not provide any financial assistance. The Agency will hold title to this property for only a few hours. This property has been environmentally cleared by Caltrans' Office of Environmental Engineering and Feasibility Studies. ALAMEDA TRIANGLE PROJECT/DIRECTORS DEED #062075-01-01 The Agency will purchase a long narrow parcel of excess land from Caltrans in support of a proposed housing redevelopment project at the Alameda Triangle AGEN~_Pi I TEiVI PAGE 1 OF 2 6 site. The Caltrans parcel is located on the southeast corner of Fernwood Avenue and Alameda Street (refer to attached map). The Agency will pay $622,000 for this parcel. The Agency intends to fund this purchase from either its housing set aside account or from sales proceeds from the sale of Agency property at the northeast corner of Long Beach Blvd and Palm Avenue (future site of LUSD's Palm Elementary School). Additionally, the developer (Casa Grande) has agreed to carry the acquisition costs of the Caltrans parcel if necessary. This property has been environmentally cleared by Caltrans' Office of Environmental Engineering and Feasibility Studies. Recommendation: Staff respectfully requests that the Agency adopt the attached resolution and approve the acquisition of two Caltrans parcels (Director's Deed Numbers 980489-01-01 and 062075-01-01). PAGE20F2 RESOLUTION NO. A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING THE ACQUISITION OF CALTRANS PROPERTIES 980489-01-01 AND 062075-01-01 WHEREAS, Caltrans Excess Land Sales Division is offering to sell two parcels to the Lynwood Redevelopment Agency; and WHEREAS, the two parcels offered for sale are Caltrans Director's Deed Numbers 980489-01-01 and 062075-01-01; and WHEREAS, the two parcels offered by Caltrans are of specific strategic interest to the Lynwood Redevelopment Agency and will facilitate more housing development and housing opportunities in the City of Lynwood; and WHEREAS, the Lynwood Redevelopment Agency will pay $100,000 for Directors Deed Number 980489-01-01 and $622,500 for Directors Deed Number 062075-01-01; and WHEREAS, pursuant to the Lynwood Redevelopment Agency Board's direction, the previous Executive Director executed the purchase and sale agreements for these properties; and WHEREAS, Lynwood Redevelopment Agency staff members should make available immediately the necessary funds for timely acquisition of the Caltrans properties; and NOW, THEREFORE, BE IT RESOLVED by the Lynwood Redevelopment Agency that: Section 1. The Lynwood Redevelopment Agency, based on the forgoing findings and determinations, hereby adopts this resolution. Section 2. The Lynwood Redevelopment Agency, based on the need to move forward in an expeditious manner, hereby directs the Finance and Treasury offices to transfer the requisite funds to facilitate the acquisition of the two Caltrans properties. Section 3. This resolution shall go into effect immediately upon its adoption. PASSED, APPROVED, and ADOPTED this 16T" day of December, 2003 FERNANDO PEDROZA, CHAIRMAN PAGE 1 OF 3 ATTEST: Andrea L. Hooper, Secretary APPROVED AS TO FORM: Michael Montgomery, Agency Counsel STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS. Lorry Hempe, Executive Director APPROVED AS TO CONTENT: Louis Morales, Deputy Executive Director I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the foregoing Resolution was passed and adopted by the City Council of the City of Lynwood at a regular meeting held on the 16th day of December 2003. AYES: NOES: ABSENT: ABSTAIN: City Clerk, City of Lynwood PAGE 2 OF 3 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) SS. I, the undersigned City Clerk of the City of Lynwood, and Clerk of the Lynwood City Council of said City, do hereby certify that the above and foregoing is a full, true and correct copy of Resolution No. on file in my office and that said resolution was adopted on the date and by the vote therein stated. Dated this 16th day of December 2003. City Clerk, City of Lynwood PAGE30F3 i .-., -C 17Y :fr . " ~ ==~YTIWOQ9 _ ~ - ._ _~ . :,~ t _ - ~~ ~ : . = ~ - . ~ Q ~ - t~- O t~Vj. •. - _-~ - .-,,. ~15T. COl1PITY RTE. 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