HomeMy Public PortalAbout2011.055 (03-10-11) RESOLUTION NO. 2011.055
AMENDED JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LYNWOOD AND THE LYNWOOD REDEVELOPMENT AGENCY APPROVING A
COOPERATION AGREEMENT AND MAKING CERTAIN DETERMINATIONS AND
FINDINGS RELATED THERETO
WHEREAS, the City Council ("City Council") of the City of Lynwood ("City")
adopted Redevelopment Project Area A on July 10, 1973 by Ordinance No. 945 of the
City Council, as said plan has been amended from time to time ("Project Area "A""),
which results in the allocation of taxes from Project Area "A" to the Lynwood
Redevelopment Agency (the "Agency") for purposes of redevelopment; and
WHEREAS, on March 1, 2011 the City Council and the Agency Board approved
a joint resolution and Cooperative Agreement with incomplete figures which are now
replaced with a new Exhibit B attached to this amended joint resolution; and
WHEREAS, the City Council of the City adopted the Alameda Redevelopment
Project Area on November 3, 1975 by Ordinance No. 993 of the City Council, as said
plan has been amended from time to time (the "Alameda Project Area" and, together
with Project Area "A", the "Project Areas"), which results in the allocation of taxes from
the Alameda Project Area to the Lynwood Redevelopment Agency (the "Agency") for
purposes of redevelopment; and
WHEREAS, the intent of the Redevelopment Plans are, in part, to provide for
the construction and installation of necessary public infrastructure and facilities and to
facilitate the repair, restoration and/or replacement of existing public facilities and to
perForm specific actions necessary to promote the redevelopment and the economic
revitalization of the Project Areas; and to increase, improve and preserve the
community's supply of low and moderate income housing, some of which may be
located or implemented outside the Project Areas; and to take all other necessary
actions to implement the Redevelopment Plans for the Project Areas and to expend tax
increment to accomplish the goals and objectives of the respective redevelopment
projects; and
WHEREAS, the Agency has adopted its Five-Year Implementation Ptan for the
Project Areas, as amended from time to time (the "Implementation Plan") with
established goals to support affordable housing, economic development, community
revitalization, commercial revitalization, and institutional revitalization. To implement the
programs and activities associated with each goal, the Agency has made
redevelopment fund commitments based on estimated available tax increment revenue
and debt financing structures; and
WHEREAS, the Agency and the City wish to cooperate with one another to
bring about the redevelopment of the Project Areas and accomplish various tasks set
forth in the Redevelopment Plans and the Implementation Plan; and
WHEREAS, pursuant to Section 33220 of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.) (the "CRL")
certain public bodies, including the City may aid and cooperate in the planning,
undertaking, construction, or operation of redevelopment projects; and
WHEREAS, the Agency and the City have prepared a Cooperation Agreement
(the "Agreement") to provide for implementation of certain projects set forth in the
"Schedule of Project's" attached thereto as Exhibit A(the "Projects"), and to make
payments by the Agency to the City in accordance with the "Payment Schedule"
attached thereto as Exhibit B and as otherwise necessary to reimburse the City for the
cost to the City of performing its obligations thereunder in accordance with the
"Schedule of Performance" attached thereto as Exhibit C, subject to all of the terms and
conditions of the Agreement) all of such exhibits being incorporated herein by
reference); and
WHEREAS, the programs and activities associated with the Projects include,
but are not limited to, acquisition and disposition of property, development of design
criteria, design, planning, preparation of construction bid documents, financial analysis,
financing and new construction or rehabilitation. To carry out the Projects in
accordance with the objectives and purposes of the Redevelopment Plans for the
Project Areas and the Implementation Plan, the Agency desires assistance and
cooperation in the implementation and completion of the Projects. The City wishes to
enter into the Agreement with the Agency to aid the Agency and cooperate with the
Agency to expeditiously implement the Projects in accordance with the Redevelopment
Plans for the Project Areas and the Implementation Plan and undertake and complete
all actions necessary or appropriate to ensure that the objectives of the Redevelopment
Plans for the Project Areas and the Implementation Plan are fulfilled within the time
effectiveness of the Project Areas; and
WHEREAS, in considering the Agency's desire to ensure timely implementation
and completion of the Projects, the Agency wishes to enter into the Agreement with the
City for the pledge of net available tax increment to finance the Projects. The purpose of
the Agreement is to facilitate the implementation of the Projects and to provide funding
necessary to effectuate the completion of the Projects with net available tax increment
in this current fiscal year and forthcoming fiscal years; and
WHEREAS, net available tax increment is defined as any tax increment, net of
existing and future debt service payments (and contractual obligations related thereto),
and existing contractual obligations received by the Agency or any lawful successor of
the Agency and/or to any of the powers and rights of the Agency pursuant to any
applicable constitutional provision, statute or other provision of law now existing or
adopted in the future. The pledge of net available tax increment will constitute
obligations to make payments authorized and incurred pursuant to Sections 33445 and
33445.1 of the CRL and other applicable statutes. The obligations set forth in the
Agreement will be contractual obligations that, if breached, will subject the Agency to
damages and other liabilities or remedies; and
WHEREAS, by approving and entering into the Agreement, the Agency will
approve the pledge of net available tax increment from the Project Areas to pay for the
Projects; and
WHEREAS, the obligations of the Agency under the Agreement shall constitute
an indebtedness of the Agency for the purpose of carrying out the Redevelopment
Plans for the Project Areas; and
WHEREAS, it is in the best interests of the City and for the common benefit of
residents, employees, business tenants and property owners within the Project Areas
and the City as a whole for the Projects to be developed and constructed; and
WHEREAS, the Agency's low and moderate income housing fund for the
Projects located outside of the Project Areas are in accordance with Section 33334.2 of
the CRL because the use of such funds will be of benefit to the Project Areas; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD AND
THE LYNWOOD REDEVELOPMENT AGENCY BOARD DO HEREBY RESOLVE, AS
FOLLOWS:
Section 1. The Agency and City have received and heard all oral and written
objections to the proposed payments by the Agency to the City for the Projects as
described in the Agreement, and to other matters pertaining to this transaction, and all
such oral and written objections are hereby overruled.
Section 2. The Agency and City hereby find and determine that the foregoing
recitals are true and correct.
Section 3. Based on the evidence in the record, the Agency and City hereby
find and determine, with respect to the Projects that are publicly owned and are located
inside or contiguous to the respective project area as identified in Exhibit A attached to
the Agreement, that:
(a) Said Projects and the programs and activities associated therewith
are of benefit to each of the respec±ive Project Areas by helping to eliminate blight
within the project area or providing housing for low- or moderate income persons; and
(b) No other reasonable means of financing said Projects and the
programs and activities associated therewith are available to the community; and
(c) The payment of funds by the Agency for the costs related to said
Projects and the programs and activities associated therewith is consistent with the
Implementation Plan adopted pursuant to Section 33490 of the CRL.
Section 4. Based on substantial evidence in the record, the Agency and City
hereby find and determine, with respect to the Projects that are located outside and not
contiguous to the respective project areas but is located within the community that:
(a) Said Projects and the programs and activities associated therewith
are of primary benefit to the project areas;
(b) Said Projects and the programs and activities associated therewith
benefits each of the project areas by helping to eliminate blight within the project area,
or will directly assist in the provisions of housing for low- or moderate-income persons;
(c) No other reasonable means of financing the Projects and the
programs and activities associated therewith are available to the community in
accordance with Section 33445.1(a)(3) of the CRL;
(d) The payment of funds for said Projects and the programs and
activities associated therewith is consistent with the Implementation Plan adopted
pursuant to Section 33490 of the CRL; and
(e) Said Projects and the programs and activities associated therewith
are provided for in the respective Redevelopment Plans.
Section 5. Based on the evidence in the record, the Agency and City hereby
find and determine, with respect to the use of low- and moderate income funds for the
Projects located outside of the Project Areas that such use will be of benefit to the
Project Areas in accordance with Section 33334.2 of the CRL.
Section 6. The Agency hereby consents to the payments by Agency to City in
accordance with the Schedule of Payments attached to the Agreement as Exhibit B.
Section 7. The Agreement in substantially the form presented to the Agency
and City is hereby approved, a copy of which is on file with the Secretary of the Agency.
Section 8. The Agency Executive Director for the Agency and City Manager
for the City are hereby authorized to execute the Agreement on behalf of the Agency
and City, respectively, together with such non-substantive changes and amendments as
may be approved by the Agency Executive Director and Agency Counsel and City
Manager and City Attorney, respectively.
Section 9. The Agency Executive Director for the Agency and City Manager
for the City are hereby authorized, on behalf of the Agency and City, respectively, to
sign all documents necessary and appropriate to carry out and implement the
Agreement, and to administer the Agency's and City's respective obligations,
responsibilities and duties to be performed under the Agreement.
Section 10. The indebtedness of Agency under the Agreement shall be
subordinate to the rights of the holder or holders of any existing and future bonds, loans
and other instruments of indebtedness of the Agency incurred or issued by the Agency
to finance the Project Areas and housing projects, including without limitation any
pledge of tax increment revenues from the Project Areas to pay any portion of the
principal and interest of any bonds, loans or indebtedness (including costs to comply
with the covenants in the documents). The Agency's Executive Director and City's City
Manager are hereby authorized to execute any subordination agreement for any future
financing if requested to do so by the parties involved in such financing.
Section 11. This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED and ADOPTED, this 10 day of March, 2011.
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Aide Castro, Mayor
ATTEST:
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Maria Quinonez, City Clerk Roger L. Haley, City Manager
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Fred Galante, City Attorney Robert S. Torrez ssis ity
Manager
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
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 special meeting held on the 10 day of March, 2011.
AYES: COUNCIL MEMBERS RODRIGUEZ, SANTILLAN, MORTON AND
CASTRO
NOES: NONE
ABSENT: COUNCIL MEMBER FLORES
ABSTAIN: NONE
. �.
Maria Quinonez ity Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and the Clerk of the City
Council of said City, do hereby certify that the above foregoing is a full, true and correct
copy of Resolution No. 2011.055 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 10 day of March, 2011.
i
Maria Quinonez, City Clerk
CITY OF LYNWOOD EXHIBIT A& C
�
RDA 2035-YEAR CIP PLAN
EARLY ON PROJECTS (SECTION A)
NO. RDA ZONE PROJECT NAME PROJECT DESCRIPTION OPINION OF PROPOSED
COST FY
Install new sewer main line on California Ave. (Norton Ave to
1 PAA California Sewer Main Improvements Elizabeth Ave.) $275,000 1 LEGEND
2 PAA Wri ht Rd. Im rovement Pro ect Reconstruct Wri ht Rd. Jose hine St. to MLK Blvd. $325,000 1 RDA Redevelopment Agency
3 PAA Louise Ave. Im rovement Pro ect Reconstruct Louise Ave. MLK BI. to Wri ht Rd. $425,000 1 APA Alameda Project Area
Street improvement project to include raised medians traffic
signal upgrades on Long Beach Blvd. (Magnolia Ave. to
4 PAA Lon Beach Blvd. Im rovement Pro'ect North Cit Limit $4,300,000 1 PAA Project Area "A"
Street improvements to include trattic signal, pedestrian
crossing improvements on California Ave. (MLK BI. to
5 PAA California Avenue Im rovement Pro ect Im erial H $650,000 1 TBD To Be Determined
Street improvements to include median island upgrades on
6 PAA Los Flores Blvd. Im rovement Pro ect Los Flores BI. (Lon Beach BI. to Bellin er Ave. $650,000 1
Street improvements on Agnes Ave. (Bullis Rd. to Atlantic
7 PAA A nes Avenue Im rovements Ave.) $1,300,000 1
Street improvements on Duncan Avenue (MLK BI. to
8 PAA Duncan Avenue Im rovements Im erial N
$350, 000 1
Pavement improvements to include new raised medians and
9 PAA Im erial H Im rovement Pro ect some median u rades (Cornish Ave. to Atlantic Ave. $650,000 1
Street Improvement to include reconstruction (Sanborn Ave.
iU NAA Linden Avenue Im rovement �ro ect to fViLK Bi.j and siur seal 'im eriai H io Sanborn Ave. $35u,Uuu i
Street improvements on Platt Ave (California Ave. to Birch
11 PAA Platt Avenue Im rovements St.
$475,000 1
Relocate water services to water main on �ong Beach BI.
12 PAA Lon Beach Blvd. Water Service Relocation (L nwood Rd. to Orchard Ave. $750,000 1
Relocate water services to water main on Atlantic Ave.
13 PAA Atlantic Ave. Water Service Relocation Fernwood Ave. to MLK BI. $700,000 1
Instail 12" water main on Birch St. (Mulford Ave. to Imperiai
14 PAA Birch Street Water Main Project Hwy) $300,000 1 $11,500,000
New water well to replace water well no. 3 to serve
15 PAA New Water Weil No. 23 northwest section of Cit . $2,125,000 2
16 PAA Civic Center Im rovements Annex Funds for arkin facilit im rovements $1,300,000 2
Street improvements to include medians and traffic signal
17 PAA Buliis Road Im rovement Pro ect im rovements on Bullis Rd. Cedar Ave. to Im erial H.) $1,500,000 2
Street improvement on State St. ( Tweedy BI. to Long
18 PAA State Street Im rovement Pro ect Beach BI. includin re-ali nment of intersection and new $650,000 2
19 APA Indust Wa , Yamamoto Place & Mona Ave Im rovements Localized street avement im rovements and slur seal $250,000 2
20 PAA Orchard Avenue Im rovements Slur seal on Orchard Ave. Oak St. to Bullis Rd. $120,000 2
Street improvements on Oakwood Ave. (Bellinger Ave. to
21 PAA Oakwood Avenue Im rovement Pro ect Lon Beach BI. $400,000 2
econstruction o parking area and raised
22 PAA L nwood Park South Parkin Area Im rovements median/landsca e/hardsca e im rovements $450,000 2
23 PAA/APA Traffic Si nal Im rovements Traffic si nai u rades er Traffic Si nal Master Plan $1,780,000 2
New water well to replace water well no. 11 to serve
24 PAA New Water Well No. 25 southwest section of City. $2,125,000 2 $10,700,000
25 PAA Ham Park Communit Center Communit Center buildin $3,800,000 3
26 PAA Harris Avenue Im rovement Pro ect Street improvement on Harris Ave. MLK BI. to A nes Ave.) $475,000 3
Street improvements on Los Flores Bi. (Atlantic Ave. to
27 PAA Los Flores Bivd. Im rovement Pro'ect II Duncan Ave. $300,000 3
Construct parking structure in vicinity of Long Beach Blvd.
28 PAA Parkin Structure and California Ave. $8,000,000 3
Construct surface parking in the vicinity of Imperila Hwy and
29 APA Surface Parkin S ace Atameda St. $500,000 3
Street improvements on Beechwood Ave.( Atlantic Ave. to
30 PAA Beechwood Avenue & Elmwood Avenue Im rovements Wri ht Rd. & Elmwood Ave. (Atlantic Ave. to Louise Ave. $450,000 3
Install 12" water main on West Alameda St. (Imperial Hwy to
31 APA Alameda Street Water Main Pro ect industr Wa $650,000 3
Relocate Water Well No. 15 to new site (vacant tot) west of
32 PAA Water Well No. 15 Relocation Walgreen's Center on Imperial Hwy $2,125,000 3 $16,300.000
33 PAA/APA Land Ac uistion and Relocation Land Ac uisition and Relocation TBD TBD
TOTAL $38,500,000
RDA 2035 PROJECTS SECTION 8
NO. RDA 20NE PROJECT NAME PROJECT DESCRIPTION OPINION OF PROPOSED
Improve lighting, park and ride lot, landscaping and general
aesthetics of Green Line Station on Long Beach BI & I-105
1 PAA Green Line Station Enhancements Freewa $500,000 TBD
Renovation of the Community Center/Transit Center located
2 PAA Communit Center/Transit Center Renovation at MLK BI. $375,000 TBD
Design and construci d parkiny str'uciure io serve liie Civic
3 PAA Parkin Structure Center includin St. Francis Hos ital $3,250,000 TBD
Design and construct a parking structure to serve Atlantic
4 PAA Parkin Structure Ave. Business DistricU Lon Beach BI. Business District $6,500,000 TBD
Install new storm drain on Louise Ave. (Wright Rd. to MLK
5 PAA Louise Avenue Storm Drain BI. $375,000 TBD
Install storm drain on Long Beach BI. Josephine Ave. to
6 PAA Lon Beach Blvd Draina e Im rovements Orchard Ave. thence east to Bullis Rd. $750,000 TBD
Improve sewer main on Long Beach BI. Imperial Hwy to
Platt Ave.), Beechwood Ave. Long Beach BI to California
7 PAA Lon Beach Blvd. Sewer Im rovements Ave. and Platt Ave. California Ave, to Lon Beach BI.) $450,000 TBD
Replace sewer on Drury Lane (MLK BI. to Norton Ave.) &
8 PAA Dru Lane Sewer Im rovement Pro ect Norton Ave. Drur Ln to State St.) $750,000 TBD
Repiace existing HPS lighting with LED street lights on Long
9 PAA Lon Beach Blvd. Street Li htin U rade Pro ect Beach BI. North to South Cit Limit $300,000 TBD
Replace existing HPS lighting with lED street lights on
10 PAA Bullis Rd. Street Li ht U rade Pro'ect Bullis Rd. Platt Ave. to MlK BI.) $125,000 TBD
11 PAA Im erial H MLK Blvd. to East Cit Limit Slurr $180,000 TBD
12 PAA Lon Beach Blvd. Ma nolia Ave. to South Cit Limit Slur $240,000 TBD
13 PAA Wri ht Rd. Im rovement Pro ect ___ Reconstruct Wri ht Rd. MLK Blvd. to Duncan Ave. $425,000 TBD
- Street improvement to include entry marker, medians and
traffic signal improvements on MLK BI. (Atlantic Ave. to
14 PAA Martin Luther Kin Blvd. Im rovement Pro ect Alameda St.) $2,000,000 TBD
Street improvement to include medians, concrete and traffic
15 PAA Atlantic Avenue Im rovement Pro ect si nals on Atlantic Ave. MLK BI. to Abbott Rd. $750,000 TBD
Street improvements to include street widening and possible
acquisition on Fernwood Ave. (Atlantic Ave. to California
16 PAA Fernwood Avenue Street Im rovements Ave.) $2,000,000 TBD
Street improvement project to include widening of Fernwood
17 PAA Fernwood Avenue Street Im rovement II Ave. Alameda St. and Im erial H $350,000 TBD
Street Improvements on Santa Fe Ave. To include median
18 PAA Santa Fe Avenue Im rovement Pro ect im rovements Fernwood Ave. to MLK BI.) $375,000 TBD
Localized street pavement improvements and slurry seal on
19 Santa Fe/State Street Im rovement Santa Fe/State Cit Limit to Cit Limit $750,000 TBD
Localized street pavement improvements and slurry seal
Bellinger Ave. (Butler Ave. to terminus) & Butler Ave
20 APA Bellin er Avenue and Butler Avenue Im rovements Alameda St. to Bellin er Ave) $200,000 TBD
21 APA L nwood Road Im rovement Slur Seal L nwood Rd. Alameda St. to State St. $100,000 TBD
Street improvements on Oakwood Ave. (Bellinger Ave. to
22 PAA Oakwood Avenue Im rovement Pro ect Lon Beach BI. $400,000 TBD
Street improvements on Fernwood Ave. (Imperial Hwy to
23 PAA Fernwood Avenue Im rovement Pro ect State St. $375,000 TBD
Street improvements on Agnes Ave. (Long Beach BI. to
24 PAA A nes Avenue Im rovements II Bullis Rd. $350,000 TBD
Slurry seal Ernestine Ave. (Platt Ave. to Lesage Ave.) also
25 PAA Ernestine Avenue Im rovements includes intersection im rovements at MLK BI. $350,000 TBD
26 PAA Carlin Avenue Im rovements Slur Seal Carlin Ave. Santa Fe Ave. to Bullis Rd. $100,000 TBD
Slurry Seal Josephine St. (State St. to Long Beach BI.) and
signal modification at intersection of Josephine Ave. and
27 PAA Jose hine Street Im rovement Lon Beach BI. to s lit hasin $100,000 TBD
28 PAA San Luis Avenue Im rovements Slur seal San Luis Ave. Abbott Rd. to MLK BI. $65,000 TBD
Slurry seal east side and west side of Alameda St. (south
29 APA Alameda Street East 8� West Im rovements Cit limit to north Ci limit $250,000 TBD
Upgrade traffic signals on Atlantic Ave. (Fernwood to MLK
30 PAA Atlantic Ave. Traffic Si nal Im rovement Pro ect BI. er Traffic Si nal Master Plan $1,000,000 TBD
Design and install new traffic signal at the intersection of
3i APA im eriai H and Philadel hia W Irafflc SI nal Im erial H and Philadel hla Wa $450,040 TBD
32 PAA Im erial H and Fernwood Intersection Im rovements Im rove intersection eomet and u rade traffic si nal. $350,000 TBD
Relocate 12" main from first alley east of Long Beach BI.
33 PAA Water Main Relocation Lon Beach Blvd. Sanborn Ave. to Platt Ave. to Lon Beach BI. $500,000 TBD
Upgrade water main to 12" main on California Ave. (Platt
34 PAA California Ave. Water Main U rade Ave. to im erial H $750,000 TBD
Install 12" water main on Wright Rd. (Josephine St. to
35 PAA Wri ht Rd. Water Main Pro'ect Louise Ave. $950,000 TBD
Site purchase, design and construction of a new 3 M gallon
36 PAA New Water Reservoir above round reservoir Wri ht Rd and Jose hine St. $6,000,000 TBD
New water well to replace water well no. 4 to serve
37 PAA New Water Well northwest section of Cit . $3,000,000 TBD
New water well to replace water well no. 5 to serve
38 PAA New Water Well southeast section of Cit . $3,000,000 TBD
Install 12" water main on MLK Blvd. (Long Beach BI. to
39 PAA Martin Luther Kin Blvd. Water Main Pro'ect Alameda St. $900,000 TBD
Drury Lane & Capistrano Avenue Water Main Improvement Install 10" water main on Drury Ln (MLK BI to Norton Ave.)
40 PAA Pro ect and Ca istrano Ave. MLK Bi. To Norton Ave. $750,000 TBD
Install 12" water main on east Alameda St. (Fernwood to
41 PAA East Alameda Street Water Main Pro ect MLK BI. $725,000 TBD
Install 12" water main on West Alameda St. (Imperial Hwy to
42 APA Alameda Street Water Main Pro'ect Indust Wa $650,000 TBD
Install new 12" water main on California Ave. (Imperial Hwy
43 PAA California Avenue Water Main Im rovement to MLK BI. $725,000 TBD
44 PAA/APA Land Ac uistion and Relocation Land Ac uisition and Relocation TBD TBD
TOTAL $42,485,000
March 1, 2011
EXHIBIT B
Projed Area A(OOOs omitted) Alameda Project Area (OOOs omitted) Combined Project Area A& Alameda (OOOs omitted) Combined Project Area A& Atameda Housing
YEAR Gross TI Cap County Statutory Project Area Gross TI Cap County Pass Alameda Net Combined Debt Service Debt Service Cambined Project Alameda 2011 Net Housing Set
Increment Forfeiture SB 2557 Pass Thru A Net Increment Admin Thru Revenue (After Net (1999 Series 2011 Bonds Net (After TI Area A Housing Bonds Aside Less 2011
Revenue Revenue Revenue Fee TI Cap, SB 2557, Revenue A& B) (Non Housing) Cap, SB Housing Set Aside (Housine) Housing Bonds
After TI Cap, Pass Thru) (After TI 2557, Pass Set Aside
SB 2557, Cap, SB Thru, 1999
Pass Thru) 2557,Pass Bond,2011
Thru) 8ond)
2�1 � 7,232 94 372 6,766 763 0 10 0 753 7,519 1,111 567 5,841 1,446 153 226 1,373
2�1z 7,237 94 358 6,785 758 0 10 0 748 �,533 1,121 1,493 4,919 1,448 152 673 927
2013 7,334 96 365 6,873 768 0 10 0 758 7,631 1,114 1,602 4,915 1,467 154 592 1,029
2014 7,513 98 381 7,034 788 0 10 0 778 7,812 1,089 1,604 5,119 1,502 158 592 1,068
2015 7,691 100 409 7,182 809 0 11 3 795 7,977 1,092 1,602 5,283 1,538 162 595 1,105
2016 7,$63 103 435 7,325 829 0 11 5 813 8,138 1,088 1,596 5,454 1,573 166 592 1,147
z��� 8,038 105 461 7,472 851 0 11 8 832 8,304 1,093 1,598 5,613 1,608 170 593 1,185
2 ��$ 8,217 107 489 7,621 872 0 11 13 848 8,469 1,090 1,599 5,780 1,644 174 593 1,225
2019 8,400 110 513 7,777 894 0 12 19 863 8,640 1,091 1,595 5,954 1,680 179 591 1,268
2020 8,586 112 548 7,926 917 0 12 26 879 8,805 1,094 1,594 6,117 1,717 183 593 1,307
z�z� 8,776 114 581 8,081 940 0 12 33 S95 8,976 1,091 1,596 6,289 1,755 188 593 1,350
z�zz 8,970 117 616 8,237 963 0 13 39 911 9,148 1,089 1,660 6,399 1,794 193 592 1,395
2023 9,167 120 650 8,397 987 0 13 46 928 9,325 1,094 1,657 6,574 1,834 197 592 1,439
2024 9,369 122 686 8,561 1,012 0 13 53 946 9,507 1,098 1,662 6,747 1,874 202 590 1,486
2025 9,574 125 720 8,729 1,036 0 14 60 962 9,691 1,088 1,658 6,945 1,915 207 612 1,510
2026 9,7gq 128 757 8,899 1,062 0 14 67 981 9,880 989 1,660 7,231 1,957 212 614 1,555
2�z� 9,268 2,300 91 358 6,519 0 0 0 0 0 6,519 985 1,408 4,126 1,394 0 429 965
z�2$ 9,473 9473 0 0 0 0 988 1,407 -2,395 428 -428
2�z9 9,682 9682 0 0 0 0 988 2,218 -3,206 635 -635
2D30 9,gg6 9896 0 0 0 0 0 2,218 -2,Z18 636 -636
2031 10,113 10113 0 0 0 0 0 2,220 -2,220 633 -633
2032 2,235 2235 0 0 0 0 0 539 -539 187 -187
2033 Z,Zg2 ZZg2 p p 0 0 0 540 -540 182 -182
2034 2,350 2350 0 0 0 0 0 539 -539 182 -182
2035 Z,q09 2409 0 0 0 0 0 537 -537 187 -187
2036 2,470 2470 0 0 0 0 0 537 -537 184 -184
2037 2,532 2532 0 0 0 0 0 541 -541 186 -186
2038 2,595 2595 0 0 0 0 0 542 -542 186 -186
2039 2,659 2659 0 0 0 0 0 0 0 0 0
2040 0 0 0 0 0 0 0 0 0 0 0
201,725 61,006 1,836 8,699 130,184 14,249 0 187 372 13,690 143,874 20,393 37,989 85,492 28,146 2,850 13,288 17,708
EXHIBIT B
Summary of Project Area A& Alameda (OOOs omitted)
GrossTaxlncrementRevenue $ 215,974
TI Cap, 58 2557,Pass Thru $ (72,100)
Debt Service (1999 Bonds) $ Q0,393)
Debt Service (2011 Non Housing Bonds) 5 (37,989)
Debt Service (2011 Housing Bonds) 5 113,288)
NET REVENUES (GRO551E55 TI CAP, SB 2557, PASS 7HRU, 1999 & 1011 BONDS� $ 71,204
Housing Set Aside 5 30,996
Net Housing Set Asides (Housing Set Aside Less 2011 Housing Bonds) 5 17,708
NET REVENUES (GRO55 LE55 TI CAP, SB 2557, PASS THRU, 1999 & 1011 BONDS, NET HOUSING SET AS/DE) S 54,496