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SR-RA-3' ~3rao~ ~A-3 . y DEC ~ ~~ »~3 RMD:HSG:JM:MD:PB:PM:BJ Santa Monica, California Council Meeting December 14, 1993 TO: Redevelopment Agency Chaiarperson and Board FROM: City Staff SUBJECT: Approval of Annual Report for Fiscal Year 1992-93 for the Redevelop~ent Agency of the City of Santa Monica INTRODUCTION The Califarnia HeaZth & 5afety Cade requires that each redevelapment agency file an annual report with ~he Califarnia Housing and Community Development Department. This staff report recommends approva]. of the attached Santa Monica Redevelopment Agency's Annual Report for Fiscal Year 1992-93, which includes an independent financzal audit, pursuant to Health and Safety Code Section 33084. ANNUAL REPDRT CONTENTS As required by law, the Agency's Annual Report includes: 1} A specific description of the agency's activities affecting housing and displacement; 2) An independently prepared financial audi~ repart conducted ~n accordance with general~y accepted auditinq standards; 3) A fiscal statement that pravides informatian on the outstanding indebtedness of and the amaunt of tax increment revenue generated by the agency and by each project; 4) Any ather infarmatian which the agency be~ieves usefu~ to explain its pragrams and activities. _ ~ _ fi==;~ ~ s ;993 ~~I- 3 Far the audit portion of the Annual Report, the Agency contracted with the accounting firm of KPMG Peat Marwick for an independent financial audit of the fiscal year commencing on Jvly 1, 1992 and ending on June 30, 1993. The audit was performed to comply with standards se~ aut in Section 33080.1 of the Health and Safety Code. KPMG Peat Marwick found that the Agency's records fairly present the financial position of the variaus f~nds and account groups of the Rede~elopment Agency as of June 30, i992, and found no negative audit findings. The Annual Report also: 1) Reviews the objectives and activities of the Redevelopment Ag~ncy in FY ~992-93, 2) Previews the Agency's objectives and work plan for FX 1993- 94, 3~ Fravides recommendations for needed Zegislation to carry on a program of housing and community development, and 4) Makes certain findings as to the Agency's appropriation of funds for low and moderate income housing projects. AGENCY TAX INCREMENT REVENUE FOR HOUSING For each redevelapment project, The Redevelopment Agency is required to set aside at least 20~ of the tax increment it receives each year for low and moderate ~ncome housing projects and activities, A redevelopment agency may defer the housing obligation of a redevelopment project that was started prior to 1977 if existing programs and abligations prevent the agency from - 2 - setting aside the full 20~ of the tax increment revEnue. For FY 1992~93, Agency funds were allocated for low and moderate housing as follows: Ocean Park Project la (15.2~) and Ocean Park Project lb (45.4$) and Downtown Project (18_6~)~ based an attached tax increment revenue received. Initially, the al~ocations were based on tax increment revenue grojectians made in February, 1992, during the FY 92-93 budget process. The low and moderate housing shortfalls resulted from the receipt of higher than pro~ected tax increment revenue during FY 1992-93. The additional percent needed for Ocean Park la ($72,763) and the Downtown project {$15,365} will be apprapriated as part of the FY 1993-94 Mid-Year budget review. The Agency~s funds appropriated for eligible hausing set aside expenditures include the following funds allocated ta the City's Citywide Housing Acquisition and Rehabilitation Program (CHARP), Vitale Gilpin funds (from the Downtown pra~ect) used for hausing projects, and the lease payment to the Parking Authori~y (from the Ocean Park prajects) for the parcel at 175 Ocean Park Bouievard an which 22 units of very 1ow income housing are located: - 3 - DOWNTOWN OCEAN PARR la OCEAN PARR 1b CHARP $ 91,582 VITALE/GILPIN 105,759 LEASE PAYMENT 0 TOTAL $ 197,341 Tax Increment 1,063,528 ~ af Tax Increment 18.6~ Debt add2d to Project ~`~.5 i 365 $ 153,812 0 76~884 $ 230,696 1,517,294 15 . 2 -°s $72,763 $ 56,890 D 2$,437 $ 85,327 188,~84 45.4% $0 BUDGET~FISCAL IMPACT There are no budget/fiscal impacts resulting from the approval of the Redevelopment Agency's annual repart of FY 1992-93. RECOMMENDA'x'IQNS It is recommended that the Redevelopment Agency approve the Annual Report and direct the Execut~ve Director ta transmit the repart to the California Department of Housing and Commt~nity Development. Prepared by: Jeff Mathieu, Direc~or Fau~a Burrier, Housing & Redavelopment Manager Peter Mezza, Seniar Administrative Analyst Resource Management Department Mike Dennis, Directar Bill J~as, Senior Accauntant Finance Department Attachment: Santa Monica Redenelopment Agency Annual Report far Fiscal Year 1992-93. ratocc ~ 4 - ANNIIAL REPORT FOR FISCAL YEAR 1992-93 R~DEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA INTRODUCTION As required by California Health & Safety Code Section 3308a, each redeve~opment agency must file an annual raport with the California Housing and Community Development Department within six months of the end of the agency's fiscal year. The annual report must contain for the agency and each project: 1) A specific description of ~he agency~s act~vities affectinq housing and displacement. 2) An independently prepared financial audit report canducted in accardance with generally accepted auditing standards. 3) A fiscal statement that provides infarmation an the outstanding indebtedness of and the amount of tax increment revenue generated by the agency and by each project. 4} Any ather information which the agency believes useful to explain ~ts programs and activit~es. This annual report for the Santa Monica Redevelopment Agency contains the information required by Stata iaw and also includes a review of the objectives and activities of the Redevelapment Agency in FY 1992-93, previews the Agency's ob~ectives and work plan for FY 1992-93, and provides recommendat~ons for needed Iegislation to carry on a pzogram of housing and community developmen~. DESCRIPTION OF REDEVELOPMENT PRDJECTS The Santa Monica Redevelop~ent Agency was es~ablished on August 13, 1957, and has three redevelopment project areas: 1) O~ean Park Redevelopment Project (la) 2) Ocean Park Redevelopment Projec~ (1b) 3) Downtown Redevelopment Project Ocean Park Redevelapment Pro~ect The Ocean Park Redevelopment Project was the first pro~ect undertaken by the Santa Monica Redevelopment Agency. It was designated for study as a potentia~ redevelopment praaect in April 1958 when an application was made to the Federal government - 1 - for survay and planning funds. With these funds, the Agency commenced preparation of formal plans for the area encampassing thirty-three acres of land in the southwest corner of the City adjacent td the Venice community of the City of Los Angeles. In Octobar 1959, as a result of a reduction in the availability of Federai funds for the project, the proposed thirty-three acre Ocean Park project was divided into two separate prajects so that at least ane project could go forward with the funds a~ailable tq the Agenc~ at the time. Ocean Park Redevelopment Pro~ect la Ocean Park Redevelopment Project la encompasses the narthern 25 acres of the oriqinally propased 33 acre project. The Redevelopment Plan far Project 1a was approved by the City Council on June 30, 1960, follawing requisite studies and hearings by the Planning Commission, Redevelopmen~ Ag~ncy, and the City Council. The Redevelopment Plan was amended on November 14, 1967, principally to change the permitted land uses in the project area. Ocean Park Redevelopment Project 1a is bounded by Ocean Park Boulevard on the north, Neilson Way on the east, Ocean Park Project No. lb on the south, and the Stats beach garking lots and beach an the west. Project 1a is zoned R4 High Density Multiple Family Residential which permits the highest residential density in the City. Ocean Park RedeveZopment Project 1a was completed zn May 1987. The project contains two 17-story high rise apartment buildings which were comp~eted in 1967. Each tower contains 250 rental apartment units. On both sides of the apartment complex is located the Sea Colony condominium project. Sea Colony contains 340 candominium units which were constructed in two phases. Phase 1 of the develapment was completed in 198D and Phase 2 was campleted in May 1987. Ocean View Park is lacatEd in the center of Project Area la facing the beach. This public park cantains six tennis courts, twa paddle ball caurts, one basketball court, walkways, and Zandscaping. The park offers a rest area with a panoramic view of the Pacific Ocean. Ocean Park Red~velopment Pro~ect lb Ocean Park Redevelopment Pro~ec~ Zb encompasses the southern 8 acres of the originally proposed 33 acre project. The Redevelopment Plan for Project lb was approved by the City Cauncil on January 24, 1961, fo~lowing requisite studies and hearings by the Planning Commission, Redevelopment Agency, and the City CounciZ. The Redevelopment PZan was amended on January 26, 1965, and again on September 12~ 1972, principally to change the permitted land uses in the project area. Ocean park Redevelapment Project No. ib is bounded by ~cean Park - 2 - Redevelopment Pro~ect la on the narth, Neilson Way on the east, the City limit on the south (adjacent to the Venice cammunity of the City of Los Angeles), and the State beach parking lots and beach on the west. Projact lb is zoned C3 General Commercial which permits commercial and residen~ial uses. Ocean Park Redevelopment Project No. 1b was campleted in 1983. The project contains two senior citizen residential apartment complexes and a former utility building. Neilson Villas contains I00 rental apartment units and was completed in 1977. Barnard Park Villas contains 61 units and was completed in 1983. The utility building contained telephone switching equipment and was replaced in 1986 by a facility outside the project area cantaining more madern switching equipment. The former utility building was adapted in 1987 ta hause offices and art storage for the Eli Broad Family Art ~oundation. Downtown Redeve~apment Pro7ect The Downtown Redave~opment Praject encomgass~s about 9.9 acres of property lacated at the southern end of the City's Third Street Promenade in the downtown core af Santa Monica. The Redevelopment P1an far the Downtown Pro~ect was approved by the City Council in January 1976. The Downtown Redevelopment Project is bounded by Broadway on the narth, 4th Street on the east, Colorado Avenue on the south, and 2nd Street on the west. The projeet is zoned C3 General Commercial which permits commercial uses. The Downtown Redevelopment Project was comp~eted in 1980. ~t cansists of Santa Monica Place and ad7oining parking st~uctures. The retail portian of the proj~ct contains approximately 570,000 square feet of floor area and includes two major department stare anchors and 160 specialty retail shops and food establishments, all af which are Iinked by a three level enclosed pedestrian space that extends diagonally across two City blacks. The project a~sa includes ~wa Agency-awned parking structures containing 2,020 parking spaces. off-Site Pro~ects Both the Ocean Park Redevelapment Projects and the Dawntown Redevelopment Project include certain off-site impravements that were found to be "af-benefzt" to each project. In addition to various housing and ather related pro~ects for low and ~oderate incame individuals and fami~ies either funded in whole or in part by each project, major off-site improvements include: Ocean Park Projects' Off-Site Improvements 1) Renovation and enhancement nf the beach parking ~at and surrounding streets that consist af a landscaped central park adjacent to the beach at the end of Ocean Park - 3 - Boulevard, a linear park along Barnard Way fram the southern City limit to Bicknell A~enue, landscaping and restriping of th~ beach parking lot, reconstruction of the pedestrian promenade and bikepath, and construction of new concession and restroom facilities. 2) Rehabilitatian and expansion of the Ocean Park Branch Library. 3} Rehabilitation of 22 apartment units for very low incame senior and family households at 175 ocean Park Boulevard. 4) Canstruction af 55 units of rental apartments for low and moderate income families lacated on several sites in the Ocean Park neighbox~hood of the City. Downtawn Praject Off-Site Impro~ements 1} Variaus improvements to the City's Third 5treet (Mall) Promenade and downtown (Bayside) district adjacent to the Dawntown Redevelopment Project were found ta be "of- benefit" to the Downtown Project. While primary funding far these improvements has been provided by other sources, the Dawntown Project may provide funds that are needed for future impravements in the area. AGENCY OBJECTIVES AND ACTIVITIES F~R FISCAL YEAR 1992-93 In F~scal Year 1992-93, the Santa Monica Redevelopment Agency accomplished its ob~ectives for the Fiscal Year and canducted the fol].owing activities: Oaea:n Park Pro~~cts la and ib Objective: CampletE canstruction of the Ocean Park Redevelopment Pro~ect off-site hausing and manitor implementation of off-site housing improvements. This objective was completed prior to FY 1992-93. The ~cean Park Housing Trust Fund was used to assist in the deuelopment af ~he fo~~owing }aroject which is currently under constructian. 0 44 new Single Room Occupancy units (5R0) for very low income households (2nd Street Mixed Use Pro~ect}. The Ocean Park Housing Trust Fund was also used ta assist in the develapment af th~ fallowing projects that were completed and occupied in FY 1992-93: - 4 - 0 72 un~ts of new housing for very low income seniars (3rd Street north of Wilshire pro~ect). a 42 naw units for low and maderate ~ncome households (Virginia Village and Garcia Apartments projects}. 0 5 rehabilitated units for ~ow income househalds (Frank Streat). The Ocean Park Housing Trust Fund alsa was used to subsidize 22 units of housing for very law incame seniar and family households thraugh the lease payment made by the Agency on behalf of the 175 Ocean Park Boulevard pub~ic housing development. Downtown Project Objective: Complete construction af the Phase II pubZic impravements on the Third Street Promenade and in the Bayside (downtown) District. This objective was completed prior to FY 1992-93. During FY 1992-93, Phase IYI conceptual plans were initiated for public impravements on the Third Street Promenade and the Bayside (downtown) District. The Agency coordinated with the City additional improvements on the Third Street Promenade and in the Bayside District of the downtown area. (Construction of initia~ impravements were completed in September z989.) The Agency coordinated with the City on specifying numerous physical improvements to tha six downtown public parking structures. The Agency also coordinated with the management of Santa Monica Place to implament a validated parking program at the Agency owned parking structures. Ob~ective: Manitor the housing activiti~s resulting from the Downtown Praject. This objective was completed prior to FY 1992-93. The Housing Trust Fund was used to assist in the development of the fo~l4wing praject which was under construction in FY 1992-93: 0 44 new Single Room Occupancy units (SRO} far very low income hauseholds (2nd Street Mixed Use Pro~ect). The Downtown Housing Trust Fund was also used to assist in the development of the following projects which were completed and occupied in FY 1992-93. 0 72 units of new housing for very low income seniars (3rd Street narth of Wilshire praject}. a 42 nEw units for low and moderate income households (Virginia Village & Garcia Apartments projects}. - 5 - 0 5 rehabilitated units for low income housing households (Frank Street). o Assist in the prE-dev~lopment of 45 units of family housing for low to moderate income families. The Agency also appropriated its Vitale Gilpin housing funds to assist in the housing prajects described above. The Vitale Gilpin Fund is a legal settlement requiring the Agency ta set aside a partion of the tax increment revenue generated by the Dawntown Redevelopment Pra~ect to fund programs that provide housing fo~ low and very low income persons and families. AGENCY OBJECTIVES FOR F~SCAL YEAR 1993-94 The Agency has the follawing objective for Fiscal Year 1993-94: Ocean Park Redevelopment Pro~ects la & lb Objective: Complete the review of all Hous~ng and Redevelopment Division programs to incorporate the programmatic recommendations of the Santa Monica Homeless Task Force Report. Assist a housing development project for the homeless with predevelopment costs. Downtown Redevelapment Pro~ect Ob~ective: Complete the review of all Housing and Redevelopment Division programs to incorporate the programmatie recommendatzons of the Santa Manica Homeless Task Force Report. Assist a housing development project for the homeless with pre~evelopment costs. Implement Phase III public impravements in the Bayside (Downtown) Dzstrict and camplete the analysis and implementatian of an overall downtawn parking program. AGENCY ACTIVITIES A~FECTING HOIISING AND DISPLACEMENT The Santa Monica RedeveZopment Agency contributed funds to assist in financing the cons~ruction or rehabilitation of 208 units af ~ery low, low and moderate incame housing that were in various stages af development in FY 1992-93: ~ 6 4 **208 units were in pre-development, under construction, rehabilitated or completed and occupied in FY 92-93.~* In addition, the Agency contributed funds to lease the praperty at 175 Ocean Park Bou~evard on which 22 units of hausing for very low income hauseholds are located. Specific Housinq Activities Government Code Section 33~80.4 requires that the Annual Report include the following information concerning displacement of residents, demolition of units, and provision of housing resulting from activities of redevelopment projects durinq the f~.sca]. year. znformation concerning the provisian of housing is to include any agency-assisted housing regardless of the agency's funding saurce and is to include only that housing available for occupancy in the fiscal year. No relocation, demolition, or displacement activity accurred as a result of redevelopment project activities in FY 1992-93 and no such activity will occur in FY 1993-94. The Agency also did nQt conduct relocatian, demolitian, or displacement activities au~side af the project areas ~n FY 1992-93 and no such activity will accur in FY 1993-94. As the chart indicates below, there were 119 units of Agency assisted-housing completed for occupancy to low and moderate income households in FY 1992-93. In additian, 89 units are either in pre-develapment or under construction. - 7 - Na. af units Activity Pro~ect areas Aqency Off-si~e D~wntown O.P. 1a O.P. 1b n 0 0 0 The total number of households, including households for persons and families of law or moderate income, that were displaced ar m4ved from their dwe~ling units as part of a redevelopment project of the Agency during the previous fiscal year. 0 0 0 0 The total number of households that the Agency estimates will be d~splaced or will mave from their dwellings as part of a redevelopment project af the Agency during the present fiscal year. b 0 0 0 The total number af dwelling units housing persons and families of law and moderate incame which were destroyed or removed from the low and maderate income h~using market during the previous fiscal year as part of a r~deveiopment project of the Agency. 119 0 0 0 The total number of Agency assisted units constructed, rehabilitated, acquired, or subsidized for occupancy at an affordable cost to persans and families of law and moderate income. Status and Use of the Low and Moderate Income Housinq Fund Of the 208 units that were in pre-development, under construction or completed and accupied in FY 1992-93, a11 will be occupied by very low income, low income or maderate income households. - 8 - RECOMMENDATIONS CONCERNING NEEDED LEGISLATION Pursuant to Health and Safety Code Section 33080, this report should transmit any recommendatians concerning needed legislation for redevelopment agencies. At this time, there are no bills befare the State Legislature which could have an impact on the Agency's ability to carry on a program of redevelopment given the status of bath project areas. Therefore, na recommendations regarding ne~ded legislation are provided. The Agency will continue to monitor legislative information on items concerning redevelopment. FINDINGS RELATED TO AGENCY'S HOUSING TRUST FUND As required in Section 33334.6 of the Health and Safety Code, the Santa Manica Redevelopment Agency must make a finding in each fiscal year in which the Agency was unable to appropriate a minimum of 20~ of the tax increment revenue it received that year to provzde housing far low and moderate ~ncame househalds. State law permits the Santa Monica Redevelopment Agency to apprapriate less than the full 20g of tax increment xevenue because each prv~ect was established prior to January 1, 1977, and because the Agency adopted a 5tatement of Existing Obiigatians and a StatemEnt of Existing Programs prior to September 1, 1986. Ocean Park Redevelopment Pro~ect la In Fiscal Year 1992-93, the Ocean Park R~develapment Project la received $1,517,294 in tax increment revenue. The tatal amount requYred to be appropriated for low and maderate income housing projects for Ocean Park Pro~ect ia was $303,459 wh~ch is 20~ of the tax increment revenue received in FY 1992-93. In FY 1992-93, the full amonnt af tax for hausing was not apprapriated for 1992-93, $23~,696 or 15.2~(adjusted payment) of tax increment revenue appropriated for housing pro~ects. T] the receipt af higher than projected t FY 92-93. The additional percent neede appropriated during the City's FY 93-9 Ocean Park Redevelopment Pro~ect 1b increment revenue required housing projects. In FY by $76,884 af the lease required for housing was ie shortfall resulted from ~x increment revenue durinq i for Ocean Park la will be ~ Mid-Year budget process. In Fiscal Year 1992-93, the Ocean Park Rede~elopment Project lb received $188,084 in tax increment revenue. The total amaunt required to be appropriated for low and moderate incame hausinq projects for Ocean Park Project lb was $37,617. In Fiscal Year 1992-93, mare than the full amount of tax increment revenue required for housing was appropriated for housing projects. In FY 1992-93, $85,327 or 45.4%(adjusted by $28,437 af the lease payment) of tax increment revenue required - 9 - ~ for housing was appropriated for housing projects. ~owntown Redevelopment Pro~ect In Fisca~ Year 1992-93, the Downtown Redevelopment Project received or accounted as receit~ab~e $~,063,528 in tax increment revenue. The total amount required to be appropr~.ated far low and moderate income housing projECts for powntown Pro~ect was $212,705 which is 24~ of the tax increment revenue received in FY 1992-93. In FY 1992-93, the full amount of tax increment revenue required for housing was not appropria~ed for housing projects. In FY 1992-93, $197,341 or 18.6~ of tax increment revenue required for housing was apprapriated for housing projects.The shortfall resulted fram the receipt of higher than projected tax increment revenue during FY 92-93. The additianal percent needed for the Downtown Project will be appropriated during the City's FY 93-94 Mid-Year budget process. Prepared by: Jeff Mathieu, Director Resaurce Management Department Paula B~rrier, Manager Hausing and Redeve].opment Division Resaurce Management Department Peter Mezza, Senior Administrative Analyst Housinq and Redevelopment ~ivision Resource Management Department raan -~o- ~~~~~o, ANNUAL REFORT OF HOUSING ACTIVITY OF COM1l4U1~ITY R~DEVELOPMENT AGENCIES FOR FISCAL YEAR ENDED 6/ 30 1 93 Ageacy Name and Address County of Jansd~ction Santa Momca RDA Los Ang~les 16$5 Main Street ~t212 Santa Momca, CA 9d401 Bill Jias/Peter Me77r1 Pursuant to Health and Safety Code SecUon 33080 I, redevelopment agencies must annually report on thetr houstng actt~ities and Low & Modzrate Incoma Housing Fund balances, and per Sechon 33080 3 File a copy of this report w~th th~ Department of Housmg and Community Development (HCD} Sect~on 33080 b requsres HCD to annually compile and publish a report of redevelopment agenc~es' housmg achvity Please answer each of the following questions to determine which HCD Schedules your agency must prepare to pro~ ide a complete report of housing act~~rty and fund balances for the reporting penod 1 How many act~ve adopted pro~ect areas did the ageucy have dunng this reporttng penod° 3 (A pro~ect area ~s considered "achve" if ~t recen~ed any tax mcrement revenues, made an}~ deposits to or expend~tures from the L&~+I Fund, or has an~~ developmant acti~ity m progress ) If 1 or more, prepare and submit a s~parate copy of SCHEDULE HCD-A for each actt4e pro~ect area If none, you need not subm~t Schedule HCD-A 2 Did the agency conduct any housmg activity outs~de of adopted rede~ elopment pro~}ect areas~ X Yes Prepare and submit one copy of SCHEDULE HCD-B for tne agancy No You do not need to submit Schedule HCD-B 3 Did the agency have any actiwe pro~ect areas, or hous~ng activrty outside of rede~elopment pro~act areas, or any funds m the Low & Moderate Income Hous~ng Fund~ X Yes Prepare aad subrmt oae copy of SCHEDLTLE HCD-C for the aeanc} No You need not subzrut Schedui~ HCD-C To the best of my kriowledga the representations made in the abo~e statement a-~d the disclosures contained m the HCD schedule(s} submitted herew~th are true and correct Data ~ z/~frs r ~,~t:~` - ~ Szgn-t~re of Auth zzci Agency Represeatative Citv Manaeee' T~tle (310)4~ 8-830I Telaphone number HCD-Co4er Page 1 of 1 SCHEDULE HCD-A Pro~ect Ar~a Acti~~ty for ~'iscal Year Ended 6/ 30 / 93 Agency Name 5anta Monica Redevelopment A~encv Pro~ect Area Name Downtown Preparer's Name, T~tle Peter Mezza, Sen~or Admm Anal~~st Preparer's 7elephone Na {310)4~8-8702 General informatio~ 1. a Year pro~ect area adopted iI1317b h if pro~ect name has changed, give pre~~ous name(s} or number NA c. Year{s) merged , NA , , Areas merged. NA d Year{s) areas were added or remo~ed , :``A , , 2. Is this pro~ect area or gort~ons tl~ereof sub~ect to znclusionary affordable housing obligat~ons per Seehon 33413~ Yes X No Ta~x Increment 5et-asides 3 Percentage of pro~ect's gross tax increments set aside for housmg and depos~ted in the L.&M Fund (Show exact °lc ) 18 6 ~ 4 a If set-aside ~s less than 20 ~ of the total gross tax inerements, ~ndicate the rzason(s) Check the appropnate Health and Safety Code Section designation(s) Section 33334 2(a}(1) No need m communrty to increasehmpro<<e supply of lowlmoderate-income hoasing Section 33334 2(a}(2) I.ess than 20 qc set-aside ~s suffic-ent to m~t the need 5ection 33334 2(a}(3) Community is making substan4al eFfort equi~atent in value to 20 7 set-as~de. X Sectian 33334 6(d} Pro~ect was adopted prior to 1977 and t~ mcrements are needed to meet existing debts Section 33334 6(e} Pro~}ect was adopted pnor to 5977 and tax mcrements are needed for timely completion of proJects to which agency was committed pnor to 1986 ] b When were the necessary find~ngs adopted~ (Show month/davl}ear } 12 / 14 1 93 c For deferrals per Sechon 33334 G(d) or (e}, also g~ve date of adoptio~ (pnor to 9l1/8b} of the statem~nt of ax~stmg obl~gahons and programs S/ 19 /$6 Please attach copzes of any findings adoptad for this reportmg penod p~r Sections 33334 2 or 33334 b 5 If agency is exemptmg per Section 33334 2{a)(1), {2) or (3), ident~fy the amount by wh~ch the set-aside was reduced dunng the fiscal year $ HCD-A Page 1 of 6 Agzncy Name Santa A~[amca Pro,~ect Area Name Downtown 6 a A deferr~d set-aside pursuant to S~ct~on 33334 6(dj or (a) const~tutes an ~ndebtedness to the L&M Pund ec~ua~ to the amount of the set-aside being deferred Summanze the amount(s) deferred and the amount(s) of the ~ndebtedness resultmg frpm the deferral of all ar a port-on of the set-aside dur~ng th~s and pre~ious fiscal years Fiscal Yaar Amount Deferred Durtng FY Amount of Prior FY Deferrals Repaid Dunng FY Cumulahve Amount Deferred (less any amount repa~d) SSl86 $ D i $ 86/87 ~ 0 ~ $ s~iss ~ a ~ $ 8$!89 $ 0 $ $ 89190 $ 0 $ $ 90J91 $ 4 $ a 41/92 $ 0 $ $ 92l93 $ 15,364 $ 0 $ 15,364 b Is the cumuiati~~e amvunt af tndebtzdness uicluded ia the aganc}'s L&M Fund endmg balance (Schedule HCD-C)~ Yes No c Section 33334 6(g) raywres any agency which defers set-asides to adopt a plan to el~minate the deficit m subsaquent years If this agency has defened set-as~des, has rt adopted such a plan? Yes No X d if yes, by what date ~s the deficit to be eli~runated~ 02 1 ~ 94 $15.364 ~~ll be anuropriated in tne Gt~'s 141id-fear budQet for FY93-94. 7 Report all actual (not deferred) re~•enues from th~s project area added to the agency's L,8cVf Fund th~s fisca~ year Any uicome related to agency-assisted housing located outs-de the pro~ect area(s) shouid be reported as "Ot4~er Re~~enues" (item 7d, helow) if th~s pro~ect area is named as beneficiary m the suthonzmg resolutian a Tax Increments $ 91,582 b. Debt Prviceeds (mclude band proceeds} $ 0 c_ Interest $ 0 d Other Reve~ues (e g, loan repayments, rental mcome, transf~rs in, deferral repaymenks, property sales, specify V~taie Gz~pin Low Income Housing Set-a-side ~ 105,759 e Total L& M Daposits for this Pro~ect Area (a+b+c+d} $ 147,341 If Item 3, above, md~cates the agene}~ is setting aside tax increments but SO ~s entsred m ztem 7a, above, md~cate the reason for that inconsisteacy• NA Pro}ect has not yzt generated tax increments NA Tax increments are used to pay debt ser~ ice on debt proceeds added to LBrM Fund NA Other {explam} HCI3-A Pagz 2 of 6 Agency Name Santa Momca Pro~ect Area Name Downtown HousinQ Units Lost and Hauseholds Disnlaced Pursuant to 5ections 33080 4(a){1} and (a)(3), report tha number of dwell~ng un~ts and bedrooms (33413(a)) destroyad or removed from tlvs pro~ect area as a result of redevelopment act~vities, tha number of those un-ts the agency is not raquired to replace, and the income category and type of households disp[aced from the pro~ect area dunng the ~scal year (Note that under rede~elopment law, "elderly household" means one ~n which tha head of household is 6Q years of age or older, or handicapped, as spec~fied m Section 50067 ) Household Income and Type Households D~splacect by Income Households Displaced by~ Type Total No Lost (Removed or Destroyed) Un~ts I $edrooms Numbar Lost Not Requirad to be Replaczcl Umts I $edrooms Very Low NA 7 I Elderly Fa~uly {nan-elderly) Other {not E or F) Low Elderly Fa-ruly {non-elderly) NA ! / Other {not E or F) Moderate :VA 1 / Elderly Fauuly {non-elderly} Other {not E or F) Above Moderate NA ( / Elderly Family {non-elderly) Other {not ~ or F) 9 As raqu~red m Section 33080 4(a){2), eshmate the type and number of houszholds, by income category, to be displaced from thts pro~ect area dunng tha next reporting penod (Ehe current fiscal }ear} Income F..e~rel Total Households Subtotal E1der1} Households Subrotai Other Households Very Low hTA Low NA Moderate NA Above Moderate NA 10 Sectians 33413(d) and 33413 5 specify thac pro~ect areas adopted or amended to add areas aftar 1975 are requtred to adopt replacement housing plans at least 3~ days pnor to enter~n~ certam agreements affect~ng propert~as from which low- and moderate-income dwellsng units will be remo~ed Other pro~ect areas may adopt such p~ans If the agency has adopted a replacement housing plan for th~s pro~ect area, report the date it was adopted 1 NA 1 HCD-A Page 3 of 6 Agency Name Santa Momca RDA Pro~ect Area Name Downtow~n Current Housing Ach~itv i 1 Pursuant to Sectsons 33080 4(a}(4) and (a)(5), report umts in this pro~~ct area assistzd by thz agency dunng the reporting penod whicb have occupancy restnctions based on household type or mcome lerel. Also include mformation on umts located outside redevelopment areas for the benefit of thys pro~eci area {e g, replace units lost m this pro~ect area, supported by funds from this proJect area). Report units built or rehabi[~tated only ~f the work was completed dunng the fiscal year *iJNITS REPORTED ~i HCD-B. Household Income and Type Built wrth Agency Help Rehabbed w/ Agency Hzlp Acqu~red by Agency R~ceiving 5ubsidizs from Agency Total Very Low Subtotal Elderly Subtotal Other Total Law Subtotal Elderly $ubtotal Other Total Moderate. Subtotal Elderly Subtotal Other Total Above Mod Subtotal E~derly 5ubtotal Othzr 12 Indicate how many of the umts l~sted in ~tem 11 are replacements for umts pre~ ~ously rema~ ed through radevelapment activit~es, as required in Sect~on 33080 4{a)(4) Hausehojd Income and T~pe Built with Agency Help Rehabbed wl Agency Help Acquirzcl by Agenc}~ Recz~ving Subs~d~es from Agency Total Very Low Subtotal Elderly Subtotal Other Total Low Subtotal Elderly Subtotal Other Tatal Moderate Subtotal Elderiy Subtotal Oihzr 13 Pursuant ta 5ections 33080 4(a)(7) and 33418, prorida an in~entory of all housing units m th~s pro~act area w~ich have occupancy or affordability restnetions imposed by agreements or recorded cond~k~ons, covenants, and restrictions If the pro~ect area conta~ns any such units, use the forms on pages 5 and 6 ta provide the mformat~on requestad for both rental and owner uruts C~rcle tha names of any pro~ects completed ihis fiscal year wrth agenc~ asszstancz (e g thosa umts reported m ~tem 11, abov~} If the pro~ect area contams no such umts, ~n~tial here . you n~d not submit pages 5 and 6 for this pro~ect area To report any agency-ass~sted units w~th accupancy or affordability restnctions outside pro~ect areas, s~ instruct~ons on HCD- B i~ICD-A Page 4 0# 6 Agenc,y N.~me Santa Montcx Reclevelupment A~~CZ1CV Pro~ee;t Area Name ~owntown Invcntory uf Rc;ntal Housing Units in Pro~ect Area w~th ReStnc.t~on~ on Occupancy or Affordah~lity per Rec;orc~ed Agr~ments, or Conditions, Covenants and Restrictions tnr Fiscal Year Endeci G/ 30 / 93 Tolal Nu Umta Reserveel Un~ls Resln~ted Umts Oc,cunicd hy F~nancmg! Eanc~vl Pin~ect Name/ (hxncr Nanu! Umtti ~n fur Eld~rly by Inwnka Unly [nel~giblr HousehnlJx Subsidy Affonlability Addn:sa Addnss ~ VL L M AM VL L M AM VL L M Eld~rlv S011CC05 * Tcrm Data * All atiu5tr,cl units arc; outs~dc; the pro~ac;t area and theretore reported in HCD-B TOTALS * Abhir•.v~auonu tor tinxncing or suhAidy yourccv RDA = re.devalnpmcnl ag~n~y I-ICD = CA Drpt uf Housu~ & Cunm~ D~v {sprcify prug~m} HUD #= Housing and Uefien D~vclorm~nt ~onstruc.uon or er.hah prugram (list prc~gram numbnr) CHFA = Cal~f Hous~ng Finun~~ Agen~y HUD V or C= HUD Se~liun 8 Voucher or Cerldicnte subsiJy, re~,pe~tivrly MI2$ = le~.al i4toRgago Rcvonuu Bnnd4 FmHA #= Farmnrs ~[ume Adeenmslration progrum nu~~iber (list pn~grnm numher) AB = local Den~cdy Boeu~s pmvided C~BG = fcdora] Co~umumty Dcve,lopmcni Block Granl PR1V = privutc sourc,~ (~ g, fuundnS~ona, ~umurulivna) UDAG = fi.~c.rnl Urban bevrlupmrnl Cianl QTH = any niher sirun.e (oxplain in a fixunntc) HCD-A TAXC = fcdcral Tax C~;dita Pugz 5 uf 6 Agency Name Santa M~mica Rr.~lev~l<~nmcnt Ag~n~,L Profec,t Arax Name De~wntuwn Inventory ot Owner-OccupEed Housing Units in Pro~ect Area w~th ReStnc.tu~ny on Oc:cupancy or Atfnrclah~l~ty per Rec;ordr.el Agre,~mentti, c~r Condihons, Cc~venant~; and ReStnet~ons terr F~5c,a1 Ye.-r Endeci 6 1 30 / 93 Tn~al No Ucurs Rcserved UnRS Rcvtrvct~d llmtv [kcup~ed hy Ftnun~tng/ Earl~est Pro~ze.l Name/ C1w~~er Narne/ Unds m fa~r Eld~dy hy [n~omc l)nly In~l~bihlc Housu.hnlde SuhA~dy Affordahdity Addrass Addrosb Pru~LLI VL L M AM VL L M AM VL L M Eldcrly Sourcos * Tcrm Datc T(7CALS IICD-A Pag~ b at 6 SCHEDULE HCD-A Pro~ect Area Activity for Fiscal Year bnded 6/ 30 / 93 Agency Name Santa Momca Redavelopment A~ency Pro~zct Area Name Ocean Park lA Preparer's Name, Tikle Peter Niezza, Senior Adrrun Anal~st Preparer's Telephone No. (310)4~8-$702 General InFormation 1 a Year pro~act area adopted 1960 b If pro~ect name has changed, g~ve prerious name(s) or number I~A c. Year(s) merged , NA , , Areas mergad NA d Year(s} areas werz added or removed , NA , , , 2 Is this pro~ect area or portions thzreof sub}ect ta mclusionary affordable hausmg obligations per Sect~on 33413`' Yes X No Tax Increment Set-as~des 3 Percentage of pro~zct's gross tax increments set aside for housmg and depos~ted m the LBcM Fund (Show exact 5b ) 15 2 ~7c 4 a. If set-as~de ~s iess than 205'c of the total gross tax increments, indicate the reason{s) Check the appropr~ate Health and 5afety Code Section designahon(s) Sect~on 33334 2(a)(1} Ir~o need in commun~t}~ to ~ncrease/improvz supply of low+moderate-mcome hous~ng Section 33334 2(a}(2) L.ess than 201 set-aside ~s sufficient to meet the n~d Sectlon 33334 2(a)(3) Commumty zs making substarit~al effort equnal~nt m 4~alue to 20~ set-as~de X Sect~on 33334 6{d) Pro~ect was adopted pnor to 1977 and tax ineraments ar~ needed to meet ex~sting debts_ Sect~on 33334 6{e) Pro3ect was adopted pnor to 1977 and tax increments are needed for hmely completion of pro~ects to w~uch agency was committed pr~or to 1986 } b When were the n~cessary findings adopted~ (5haw month/day~/year ) 12 / 14 / 93 c For deferrals per Szct~on 33334.6(d) or (e}, also give date of adoption (pnor to 9J1186} of the statement of existmg obligat~o~s and pragrams 8 1 19 1 86 Plaasa attach cop~es of any findmgs adopted for this reporting penod per Sect~ons 33334 2 or 33334 b 5 If agencp is exempting per Sectio~ 33334 2(a)(1}, (2) or (3}, tdentify the amount br wh~ch tha set-aside was reduced dunng the fisca~ year $ HCD-A Page 1 of 6 Agency Name Santa Monrca Redevelopment A~ency Pro~ect Area Name_ Ocean Park lA 6 a A deferred set-as~de pursuant to Sechon 33334 6(d) or (e} constitutes an mdebtedness to the L&M Fund equal to the amount of the set-aszde being deferretl Summanze the amoun[{s} deferred and the amount(s) of the mdebtedness result~ng from the deferrat of all or a port~on af the set-aside dunng tlvs and previous fiscal years b c F~scal Year Amouot Deferred Dunng FY Amount of Pnor FY Deferrals Repaid Dunng FY Cumulative Amount Deferrecl (less any amount repaid) 85/86 $ 0 E $ 86/87 $ 0 $ $ 87/88 $ 0 $ $ 88/89 $ 180,383 $ D $ 180,383 89/90 $ 0 $ 0 $ 0 90/91 $ 15,D30 $ 0 $ 15,030 9I/92 $ 0 $ 0 $ 0 92/93 $ 72,7b3 $ 0 $ 72,763 Is the cumulai~~z amount of indebtedness includ~d in the agency's L&M Fund endmg balance (Schedule HCD-C}~ Yes No Sect~on 33334 6(g) requires any agency which defers set-asides to adopt a plan to eliminate the defic~t m subsequent years If this agency has defened set-asides, has ~k adopted such a plan~ $72,763 will be appropristed in the Ci#y's FY93-94 Ai~d-Year Budget Yes No X d if yes, by what date ~s the deficit to be elimmated? 02 / 1 94 7 Report all actual (not deferred) rerenues from this pro~ect ar~a addztl to the agency's L.BcM Fvnd th~s fiscal year Any u-come related to agency-assisted housmg locaterl outside the pro~ect area(s) should be report~d as "~ther Revenues" {item 7d, below) if th~s pro~ect area is named as beneficiary ~n the authortzmg resolutioo a Tax Increm~nts $ 230,69b b Debt Frocexds {include bond proc~ds) $ NA c Interest $ NA d. Other Revenues (e g, loan repayments, rental mcome, transfers rn, deferral repayments, property sales; spec~fy ~ e. Total L& M Deposits for this Pro~ect Area (a+b~c+d) $ 230,b96 If Item 3, above, indicates the agency is sztting aside tax increments but $0 is enter2d m ttzm 7a, above, ~ndicate the reason for that inconststency Pro~ect has not yet generated tax incre~nents Tax mcrements are used to pa} debt service on debt proc~ds added to L&M Fund Other (explam) HCl7-A Page 2 nf 6 Agency Name• Santa Mor~ica Rede~•elopment Agency Pro~ect Area Name Ocean Park lA Housmg Units I.ost and Households Disnlaced 8 Pursuant to Sechons 3308~ 4(a)(1) and {a)(3), report the number of dwellmg ua~ts and bedrooms (33413(a}) destroyed or remo~ed from tlvs pro~ect area as a result of rede~elopment actzvit~es, the number of thase units the agency is not required to replace; and the uicqme category and type of househoids displaced from the pro~ect area dunng the fiscal year (Nofe that under redevelopment Iaw, "elderly household" means one m which the head of household is 60 years of age or oIder, or handicapped, as spec~fied m Sect-on 50067 ) Househald Income aad Type Hauseholds D~splaced by income Households D~splaced by Type Total No Lost (Remo~ ed or Destroyed) Units I Bedrooms 1Vumber Lost Not Required to be Replaced Units I Bedrooms V ery Low ~ Elderly Family (aon-eiderly) Other (not E or F} Lnw / Elderly Farn~ly (no~-elderly) Other (not E or F} Moderate / Elderly Fa~ruly (non-elderly) Other (not E ar F) Abo~e Moderate / r Eiderly Fatmly (non-elderly) Other {nat E or F) 9 As requ~red m 5ection 3308Q 4(a){2), eshmate the type and number of households, by mcome categor~, to be displaced from this pro~ect area dunng the next reportmg p~nod (the current fiscal year) Incoma L.erel Total Households 5ubtotal Elderly Househalds Subtotal Other Househoids Very Low Low Nloderate Above Mqderate 10 Sections 33413(d) and 33 313 S specify that pro~ect areas adopted or amended to add areas after I9"75 are rec~uired to adopt replacement housing plans ac ieast 30 days pnor to entenng certain agreements affecting properties from wh~ch low- and moderate-mcome dwellmg un~ts will ba removed Other pro~ect areas ma} adopt such plans If the agency has adopted a replacement hous~ng plan for th~s pro~ect area, report the datz ~t was adopted I I HCp-A Page 3 of 6 Agency Name 5anta Monica Redevelopment A~ency Pro~act Area Name Ocean Park lA Current Housin~ Acti~itv I1 Pursuant to Sections 330$0 4(a){4} and (a](5}, report wuts in this pro~ect area assisted by th~agency dunng the reportmg p~riod wh-ch have occupancy restnct~ons based on household type or mcome level Also znclude mfarmation on units located outside redevelopmeat areas for the benefit of this pro~ect area (e g, replace unjts lost in this pro~ect area, supported by funds trom this pro~ect area) Report uuits bu-lt or rehabilitated anly if the work was completzd dunng the fiscal year * iJ1VITS AEPORTED IN HCD-B. Househoid Income and T}pe Bu~lt w~th Agency Help Rehabb~d w/ Agzncy Help Acqutred by Agenc} Rece-ving Subsid~~s from Agency Total Very Low Subtotal Elderly Subtotal Other Total Low Subtotal Elderly Subtotai Other Total Moderate Subtotal Elderly Subtotal Ott-er Total Abo~e Mad Subtotal Elderly Subtota! Othzr 12 Indicate how many of the umts listed m item 11 are replacements for umts previousl} removed through redevelopment acti~ities, as requ~red m 5ection 33Q$0 4(a}{4) Hous~hold Income and Type Built with Agency He~p Rehabbed wl Agency Help Acquireci by Agency Recei~ing Subsidtes from Agency Total Very Low Subtotal Elderly Subtotai Other Total Law Subtotai Elderly Subtokal Other Total Moderate Subtotal Elderlv Subtotal Other 13 Pursuant to Sechons 33080 4(a}(7) and 33418, pro~ide an ~mentor} of all housm~ umts tn this pro~ecE area wh~ch ha~e occupaacy or affordab~l~ty restrsctions imposed by agreements or recorded cond~t~ons, co~~anants, and restrictions If the pro~ect area conta~ns any such units, use the forms on pages 5 and 6 to provide the informahon requested for both rental and owner uruts. Circle the names of any pro~ects completed th~s fiscal year w~tts agenc~~ assistance (e g, those umts reporte~ m ~tem 11, above) If the pro~ect arza contams no such umts, in~t~al here , ~ou neerl not submit pages 5 and 6 for this pro~ect area To report any agency-ass~sted units with occupancy or affordabil~ty restrict~ons outside pro~ect areas, sez mstruchons on HCD- B 1ICb-A Pagz 4 of 6 Agency Name. Santa Monica Recievelo ment A=enc. Pro~r,c;t Area Name Ocean Park IA Pmjact Namc/ Addrr.vv Inventory of Rental Housing Units ~n ~ro~ect Area w~th Retitnchons on Oc;cupsincy or Affordab~~ity per Rec:c~rded Agrr.~mGnts, or Conditions, Covenants and Restrictinns tor Fi5c,a1 Year Ended 6/ 30 / 93 Toisl No Unds Reserved Umis Restn~ted llmts Ck~upicd hy [lwncr Namc/ Umts m fur Elderly by Inc.omc Only Incltgihle Households A~L~I'C4R PryI~L~.L VL L M AM VL L M AIvI VL L M Eldcrly Financingl 5uhsidy Sfllll'CCR * Earli~Hl A!'fircd~bildy T~rm Dat~ * All astiYtitr.d iinit, aru uutsidn the pru~ect area and theretore repnrteci in HCD-B TOTALS * Abbrev~al~ons for finanw~zg or xubsidy snu~r;ev RDA = r~davel~~pment agcncy HCb = CA D~pt of Housm~; & Cumm DCV (rp~~tly pmgram) FiUD ~1 = Houv~ng and Urhan Devclo~mc,nt conx~euuion ur r~hab prc~grnm (l~sl program number) CHFA = Cal~f Houe~eg Finance Agency HU~ V nr C= HUD Secttnn R Vnucher or C~rtiiicaEC, aubsidy, ri.spn~trvely MRB = lixsl Mortgaga Revonuc Bonds FmHA ~f = Farm~rx Homz Adm~rostral~on prugram num~er (fitil program num}>cr) DB = la:al DenAtty Bonua pmvid~d CDBG = federal Cummundy DevelopmGnt Bliwk Grant PRIV = Pmate u~une (e g, fiiundniions, curpcirni~ons) UbAC = fi.d~rxl Urbun Dc~elupmz~~t Grant C1TH = any oth~r snur~~ (~xplam m a fuc>tnot4) TAXC = feder:sl Tux Crod~i~ HCB-A Pagc 5 of 6 Agenc,y Name S.inla Momea Redevele~pment Age.nev Pro~ect Area Name Oc.eean Park I A Inventory ot Owner-~c.curieci Hnus~ng Umts ~n Prurec;t Arex w~th Restrictions on Occupancy nr Affordability per Recorded Agreements, or Conditi<~n5, Covenant5 and Retitnchons for Fiu:al Year Endr,cl G/ 30 1 93 Tulal IZo Unds Reserved Unitv Re4trntcd Units (?ccupicd hy Finnncmgl Enrhost Pro~~u Name,! Uweer Namel Un~ls m fur Eldorly hy Inenme Only Inc.ligihlc, Hou~,c.holJ~, 5ubsidy Afiurdabd~ly Addn:9c Addrti~,s Pru~e4t VL I. M AM VL L M AM VL L M Fldc.rlv Sourc~~. * Term Date T(17Al..S HCD-A Pagc 6 of 6 SCHEDULE HCD-A Pro~ect Area Achvit}' for Fiscal Year Ended 06 I 30 / 93 Agency Name• Santa Momca Redevelopment Aeenc}~ Pro~ect Arza Nama Ocean Park 1$ Preparer's Name, Title Feter h4ezza, Senior Adrrnn Analyst Preparer's Telephone No (310~458-8702 General Information 1 a. Year pro3ect area adopted: 1961 b If pro~ect name has changed, gn:e previous namz(s) or number NA c Year(s} rnerged , NA , Areas mergeri d Year(s) areas were adderi or removed , , , , 2 Is this pro~ect area or portions thereof sub~ect to inclustonary affordable housmg obiigations per Sect-on 33413~ Yes X No Ta~.Increment Set-asides 3 Perceatage of pro~ect's gross tax mcrements set as~de for housing and deposited in the L&M Fund {Show exact ~_) 45 4 ~ 4 a If set-asida ~s less than 209e of the total gross tax mcremznts, indicate the reason(s} Chack thz appropnate Health and Safety Code Section des~gnat~on(s) 5ection 33334 2(a){1) No need ~n commumty to increase/impro~e supply of lowlmoderate-tncome housing Sectton 33334 2(a)(2) Less than 209c set-as~de is suffic~ent to m~t the n~d Se~tion 33334 2(a)(3} Community ~s makmg substantial effort aqu~valent in ~alue to 205'c set-astde Section 33334 G(d) Pro~ect was adopted prjor to 1977 and tax merements are needad to m~t existmg debts_ Section 33334 6(e) Pro~ect was adopted pnor to 1977 and tax increments are need~d for [imely complet~on of pro~ects ta wh~ch agency was committed pnor to 1986 ) b When were the necessary findmgs adopted~ (Show rnonth/day/year } J 1 c For deferrals per Section 33334 b(d) or (e}, also give date of adoption (prior to 9l1/85} of the statement of ex~stmg obhgat~ons and programs 8/ 19 / 86 ~ Please attach copies of any Findings adopted for th~s reporting penod p~r Sactions 3333~ 2 or 33334 b 5 If agency ts exempting per Section 33334 2(a)(1), (2) or (33, ~dant~f~ the amount by wh~ch the szt-aside was reduced dunng the fiscal }ear $ HCp-A Page 1 of b Agency Name Santa Momca Redevelonment A~encv Pro~ect Area Name Ocean Park 1B 6 a A deferred set-as~de pursuant to Section 33334 6(d) or {e) conshtutes an zndebtedness W the L&M Fund equal to the amount of the set-aside bemg defened Summanz,~ the amount(s) deferred and the amouat(s) of the indebtedness resuli~ng from the deferral of all or a portjoo of the set-as~de during thas and previous fiscal years b c Fiscal Year Amount Deferred Dunng FY Amount of Pnor FY Deferrals Repa~d Durmg FY Cumulative Amount Deferrvd (less any amount rapald) $5/86 ~ 5 $ 8G/87 $ $ $ 87/88 $ $ S 88/89 $ $ ~ 89/90 $ ~ $ 90/91 $ $ $ 91/92 $ $ $ 92/93 $ $ $ Is the cumulati~e amount of ~ndebtedness included in the agency's L&M Fund end~ng balance (5chedule HCD-C~~ Yes No Section 33334 6(g} re,qmres any agency wh~ch defers set-as~des to adopt a plan to eliminate the deficit in subsec~uent years If this agency has deferred set-asides, has ~t adopted such a plan' Yes I~o d. If yes, by ~4hat date is the deficjt to be eLminatzcl~ / / 7 RepoR all actual (not deferred) re~enues from this pro~ect area added to the a~zncy's L&M Fnnd this fiscal year. An}' income relatad tp agency-ass~sted housing located outsidz the pro~ect area(s) should bz reported as "Other Rzvenues" (-tem 7d, below) if th~s pro~ect area is named as benefic~ary m the authonzing resolut~on a. 7ax Increments $ $5,327 b Debt Proceeds (mciude bond proceeds} $ c Interest ~ d Other Revenues (e g, loan repayments, rantal ~ncome, transfers in, dzferral repaS~ments, property sales, spec~fy $ e Total L& M Deposits for this Pro~ect Area (atb+c+d} $ 85,327 If Item 3, above, ~ndicatzs the agencv ~s s~tting aside kax ~ncrements but $0 is entered m item 7a, abo~a, tnd~cate the reason for that inconsistency Proaect has not ~~et generated tax incr2~nents Tax mcrements are used to pay debt service an debt proceeds added to L&~1~ Fund Other (explain) HCD-A Page 2 of 6 Agency Name Sania Mon~ca Redeve~opment Agency Pra~ect Area i`Tame Ocean Park 1B Hous~n~ Units Lost and Householcls Disnlaced Pursuant to Sechons 33080 4(a)(1) and (a)(3}, report the number of dwelling unrts and bzdrooms (33413(a)) destroyed or remo~ed frarn th~s pro~ect area as a result of redevelopment activities, the number of those un-ts the agency ~s not required to replace; and the mcome category and tvpe of housei~olds d~splaced from the pro~ect area dur~ng the fiscal year (Note that under redevelopment law, "elderly household" means one m which the head of household is 60 years of age or older, or hand~capped, as specifted in Section 50057 ) Household Income and Type House~olds D~splaced by Income Households Displaced by Type Total No Lost (Remaved or Destro~ed) Umts I Bedraoms Iwumber Lost Not Reyuired to be Replaced timts I$ecirooms Very Low ! Elderly Family {non-elderIy} Other (not E or F} Low / Elderly~ Fa~tuly {non-elderly) Other (not E or F) Moderate / Elderiy Family (non-elderly) Other {not E or F) Above Moderate ' / Elderly Fa~ruly {non-eldarIv) Other (not E ar F) As requ~rad m Section 33084 4(a){2), estimate the t}'pe and number of households, b}' ~ncoma category, to be d~splaced from this pro~ect area dunng the next reportmg per~od (the current fiscai }rear) Income Level Total Households Subtotal Elderly Households Subtotal Othzr Households Very Low Low Moderate Abo~e Moderate 10 Sectioas 33413(d) and 33413 5 spec~fy that pro~ect areas adopted or amended to add areas after 1975 are raquired to adopt replacement housmg plans at least 30 days pnar to entering cartam agreements affecting properties from which low- and moderate-income dwell~ng umts will be remo~ed Oth~r pro~ect areas ma~ adopt such plans If the agency has adoptad a replacemant housmg plan for th~s pro~ect area, report the date it ~yas adopted HCD-A Page 3 of 6 Agency Name Santa Monica Redevelopment A~encY Pro~c.et Area Name Ocean Park IB Current Housing Acti~it~ I1 Pursuant to Sections 33080 4(a)(4) and (a)(5}, report umts in this pro~ect area assisted by the agency dunng the reporhng period which ha~~ occupancy restnet-ons based on honsehold type or mcome level Also mcIude ~nformahon on unrts located outside redevelopment areas for the benefit of th~s pro~ect area (e g, replace units lost m this pro~ect area, supported by funds from this pro~ect area} Iteport units built or rehabilitated oniy if the work was completed dunng the fiscal year * UNITS REPORTED IIV' HCD-B Household Income ar-d Type Built w~th Agency Help Rehabbed w/ Agency Help Acqtured by Agency Receiving Subsidies from Agency Total Very Low Subtatal Elderly Subtotal Other Total Low Subtotal Elderly Subtotal Other Total Moderat~ Subtotal Elderly Subtotal Other Total Above Mod 5ubtotal EIderIy Subtotal Other 12 Ind~cate how many of the umts I~sted m item 11 are replacements for umts previously remo~ed thraugh redeveiopment actrvities, as reguired m Section 33080 4{a)(4) Household Income and Tvpe Built with Agency Help Rehabbed w/ Agenc} Help Acqu-red by Agznc;~ R~cei~ ing Subssdies from Agency Total Very Low Subtotal Elderly Subtotal Othar Tatal I.ow Subtotal Elderly Subtotal Other Total Moderate Subtotal Elderl~ ~ Subtotal Other 13 Pursuant to Sectlans 33050 4(a){7} and 33418, provide an znventory of ail housmg umts -n th~s pro~ect area which have accupancy or affordability restnckions imposed by agreements or recordad cond~t~ons, co~enants. and restnct~ons If the pro~ect area co~ta~ns an~~ such un~ts, use the forms on pages 5 and 6 to provide the mformation requested for both rentat and owner uaits. Circle tha names of any pro~ects completad thzs fiscat year with agencv assistance (e g, those units repartzd tin ~tem 11, abova) If the pro~ect area contatns no such untts, mitial here you need no[ submit pages ~ and 6 for tlus pro~ect area To report any agency-ass~sted umts w-th occupancy or affordability restnctions outs~de pro~ect areas, s~ instructions on HCD- B xcD-n Page 4 of 6 Agenc.y Name ~ Sxntx Monica Rede~zl~nmenk_AEencv ProJec;t Area~ Name• Ocean Paxk 1$ inventory of Rental Houti~ng Un~tti ~n Pru~ec,t ArE;x w~th Re.~trrchon5 on Occupancy or Aftordability per Recordeci Agreement5, or Conditinns, Cavenants und Restnct~uns fc~r ~'~5ca1 Yr,ar Ended 6/ 30 / 93 Tolal Nc~ Umts Reserved Prcy~ul Nam~! Uwnrr Nam~/ UnitY m fn~ Elderly Addrecv Address Pn~lr41 VL L M AM '~ A~l assisted units are ~utside the rro~ec.t are~ and thereforu reporteci in HCD-B T( lTA LS * Ahhr~viatwns fur G:uincmg ur auUs~dy suuiv.cti lJn~ts ReKinctcd Umts Occupwd hy by Incomc (lnly lnelig~b~e Househuldx VL L M AM VL L M£lc„~ Ier1y [tDA = rodave.lnpment agency FICp = CA Dept nf Hnuging ~k Comm Dev (9pecify prokram) HLiU 11 = Hou~,in~ a~d Urban ~evnlopment ~on~lruciwn ur rehnb pmgram (livt pmgram ~s~unhcr) CHFA = Cnhf Houxinb Finane.4 AgCnay HUD V or C= HUD Sc,uwn R Vuu~her ur Cnrisficate suUs~dy, x~espe~lrvely lVIRB = lncal Mattgage Revcnu~ $unels FmHA 1! = Faaners Home Admmial~aiinn pmgram numhor (hvt program numhcr) D8 = Icxal D~nbrty 6unux pruv~ded CDBG = fed~r~l Communuy Develnpmrnt Block Grant PR1V = Pnvelc auurc.e (e g, foundaliuna, cnrpc~ratinuti) UDAG = fcderal Urban Dwclopmcnt Grnnt C1TH = aay otlier souroe (explam ui a fcx~tnotc) TAXC = federal Tax Cr+ed~la Fuu~ncmg/ Eurl~cx[ Suhs~~ly Afloniahilily S<~urces * Term Pa~c HCD-A Page 5 nf 6 Agency Name Santa Momca Redevelonm~.nt A•~,nncy Prc~~e<:t Area Name• Oc;r.an Parlc 1H Inventory of Owner-Occurnad Housing Un~ts in Prn~act Area with Retitnctionti on Duupancy c~r Affor~lab~lity p~r R~cordr~i Agr~m~nts, or Condrtions, Covenants and Restrictions tor Fix.al Year ~nded 6/ 30 1 93 Tolal No Unda R~~,rved Unils Restn~lyd Unds O~.u~p~ed by Finau~~ngl Earl~~st Pmaect Nnmc/ Uwnsr N~m~l Umts m for Elderly by In~oroa Oniy Inaligible Houkchnldv Suhxidy Affimfahtlity Addn:RS Addr~vN Pn>I4l.l VL L SN AM VL L M A1N VL L M Eld~rly S~~un.r5 * Tarm D:jle T[YTALS HCfl-A Pag~ fi ot 6 SCHEDULE HCD-B Actnrity Outside Pro~ect Areas for F~scal Year Ended 6! 30 1 93 Agency Name• Santa b~onica Redevelopment Agency Preparer's Name, Title- Petzr Mezza, Semor Adrrun Analvst Preparer's Telephone No (314~458-8702 Pursuant to Health & Safety Code Sect~on 33334 2(g} agenc~es may use Low and Moderate Income Housing Funds to ass~st housmg affordable and available to very low-, low-, and moderateancome households outside of adopted rede~~lopment pro~ect areas Report here on the agency's housing activ~ties conducted dunng the reportmg period outs~de of adopted pro~ect areas on1y. Identify tbe number of housmg umts or households by income level and type, as requested Housing Units Lost and Households Displaced Pursuant to Sechons 33080 4(a)(1) and (a)(3), report the number af dwelLng units and bedrooms (33413{a)) destroyed or removed, the nUmber of those units the agency is not requ~red to replace, and the mcome category and type of households displaced from outside of pro~ect areas dunng the fisca~ year Household Income and Type Househalds Displacz.cl by Income Households Displaced by Type Total No Lost (Remo~~ed or Destroyed) Unrts / Bedrooms Number Lost Not Required to be Replaced Un~ts 1 Bzdrooms Very Low I Elderjy Faixuly (non-elderly) Other (not E ar F) I,ow I Elderty Farruly (non-e~derly) Other (not E or F) Moderate ! Elderly Fa~uly {~on-elderly) Other {not E or F) Above Moderate ! ELderIy Family {non-elderly) Other {not E or F} 2 As required in Section 33080 4(a)(2), estimate the type and number of households, by income category, to be displaced outs~de of pro~ect areas dunag the next reportmg penod {the current fiscal }ear) Income Level Total Households Subtotal Elderl}~ Hauseholds Subtotal Other HouseE~olds Very Low I,.ow Moderate Abo~ e Moderate HCD-B Page 1 of 2 Agency Name: Santa Momca Rede~elopment A~enc~ Current Housi~Q Act~~itv Pursuaat to Sections 33080 4(a)(4) and (a)(5}, report umts outside af and not for the benzfit of adoptecl pro~ect areas which were assisted by the agency and ha~e occupancv restnct~ons based on household type ar mcome level Report units built or rehabilitated only if the work was campleted dur-ng the reporting panod LTmts reportad on Schedule HCD-A (rtem 11) should not 6e mcluded here Income Level Bu~lt with Agzncy Help Rehabbed w/ Ageacy Help Acquired by Agency Raceiving Subsidies from Agency Total Very Low 88 Subtotal Elderly 72 5ubtotal Other 16 Total Low 5 Subtotal Elderly Q Subtotal Other 20 5 Tota~ Moderate b Subwtal E1derIy 5ubtotal Other 6 ~ Total Above Mod Subtotal Elderly Subtotal Other 4 Indicate how man} of the umts l~stad in item 3 are replacements for un~ts removed through redevelopment act-~ities, as requ~red in 5echon 33080 4(a)(4) Umis reported on Sehedule HCD-A (item 12) should not be included here Income Level Built with Agenc}' Help Rehabbzd w/ Agency Help rlcquired by Agency Receivmg Subsidies from Agency Total Very Low Subtotal Elderly Subtatal Other Total Low Subtotal Elderl} Subtatal Other Totai Moderate 5ubtota! Elderly Subtotal Other 5 Pursuant to 5ectzons 33080 4(a)(7) and 33418, prov~de an mventory of all agency-assistzcl housmg unzts outs~de of pro~ect areas wh~ch have occupancy or affordability restnetions impos~c3 by agr~mznts or recorded cond-tions, covenants, and restr~chons If tha agency has any such unrts, copy the forms on pages 5 and 6 af Schedule HCD-A, and complete them for "Outside" pra~act areas If the agency has no such un~ts, imt~al here 6 Use space below to further explam housing acti~~t~es outside of pro~ect areas, if necessarr HCp-B Pagz 2 of 2 Agcn4y Namo Sanla Mum~u Redevclnpmenl Axrn~v T~~s~ N~ Pro~ect Namel Uwnar Namn! Umt~, m Address Addns~, Prc~1~V'CI Wilshire Huusa Reiiremen! Huusing Fuund 72 [ 125-1131 3rd Siroct SIn Fi Pp1LIS1L Cons~ F~wy [.ong Beach CA 9U802 Cnnia Aperlmcnla Communuy CoRroraqnn n! S~altered S~ghls Sa~la Mun~~a 1351 3rd S~ PrumenuSe J1206 S~nla Mnmca, CA 9U4U1 Frunk Stn:~t Apartms.nlb Cummunuy Cur~roruuon ol 1452 Frunk Sln.ct 5~n~s Mom.,n 135~ 'inf Slrozt Pn~mrcu~dr N2U6 SFU~I~ Mum~n, CA 9U4U1 Vi~gmia Vdlagc C~irnmumty Comoratum o~ 2423 V~rgimn A~enue Sanla Mum~x I'151 ird Slreet Pruenenadn ~'206 Sa»1a Mnn~~a, CA 9(~O1 F'rc>~ui Arcn Nnm~ Chnvdc Proicct Arco Im~nlnry oCR~nlal Houain~; Umla in Pm,~~ct Area wi~h Rcatncuona nn Occupa~ecy or Attordahdity pcr Reconled Agreemenls, or Cuoditions, Covcnante and Rc.alrictumn tor Fiscal Year Ended 6/ 30 / 93 Umts Reserv~d Unitv Rcktr«ted []n~ts Chc.upied by F~nancmg/ fiir Eldcrly hy Income [)nly Inclig~hlo H~~uceholdv SubxiJy Vl. L M AM VL L M AM VL L M Eldrrl Suunes * 72 16 H h 5 l2 T()TALS 72 kb 25 6 * Alrbnviation~, fc~r fine:x.~ng or ~,ub~,idy xourctiti RDA = redave[upmenl agcn~y HCD = CA D~pt of Houvng dtc C~mm Dcv {spccify pmgrxm) HLJD #= Huusmg and Urhxn Devzlcqmieni ~untilnu.lwn ur rehah pruKram (hvt pn~gram numbu) CHFA = Calif Haiuvfng Finnn~c. Ag4~c.y HUD V or C= HUD Section S Vnucl~cr or CcR~ticaG; ~ubv~dy, regpeci~vely MRB = Iexttl Murtgage Revenue Bunds FmHA q= Farmcrs Hcrm~ Admmistration pmgram number (]tst pmgram i~ui~~her) DB = lceal Dencity Bonuc pmv~ded Cbf3G = ledcral Cnmmum~y pcvelopmenl f3lnck Crent PRIV = Pr~vate sourcc (c g, i~+undati<>n~, wrparatwns) UbAG = federal Urlsae Dzvelupmnnl Grant OTH = nny oihc.r xource (explain in a lonlnntc) TA3CC = federal Tax Crcdits Earliesl AtTordHbil~ty Term Dala 2U48 2f~R 2U48 2048 IiCD-A Pagc 5 nt 6 SCHEDULE HCD-C Agency-wide Act~vity for Fjscal Year Ended 6/ 30 1 93 Agency Name: 5anta Monzca Rede~elopment Agenc~ Preparer's Name, Title• Bilt Jias, Senior Accounkant Preparer's Teiephone No- (310)458-8266 Lo~~ & 11Toderate Income Housing FuncEs Sect~on 33080 6 requires HCD to report on the "status and use of the agency's Low aod Moderate Incame Housing Fund," includ~ng mformation developed to comply with Section 33080 4(a)(6) and (a){S) Information reportad here should be hased on tbat reported to thz State Controller 1 Begsnnmg Ba~ance $ 988,516 If begm~ung baiance is not the same as the Total Ending Balance reported for last fiscal year, mdicaia the reason(s} and specify the total amount of the adjustment{s) or correct~on(s) $ 409,572 X Auditar's ad~ustment {ar pnor penod adjustment) Correct~an of ~rror m agency's calculat~ons of past expenditures Correctzan of past ituscalculation of tax sncrements raceiv-zrl Correctson of HCD's error ~n pnor report Other (specify ) 2 Total Revenues, ather Income and Transfzrs In a Total deposits from pro~ect areas $ 529,242 (Sum of amount(s) from lme 7e on Schedul~ HCD-A(s)) b Other revenues not reported on Schedule HCD-A{s). $ 0 (SPec~fY 1 c Operatmg transfers in (spec~fy ._,_ ,_ } $ 0 3. Total Expenditures and Transfers Out a Total expenditures (~ncludmg loans) ($ 699,321 ) 1) Subtotal for ons~te/offs~te ~mprovements S 699,321 2) Subtotal for plar-nmg & admm costs as defined m Sections 33334 3(d) and (e} $ 0 3) 5ubtotal for acquisit~on of land ~ d 4) 5ubtotal for acquisition of hous~ng S 0 5) 5ubtotal for nzw hous~ng construct~on S 0 6) Subtotal for housmg rehab~litat~on ~ 0 7] SubWtal for housmg subsidies S 0 8) Subtotal for debt service $ 0 b Transfars to Educahonal Reven~e Assessment Fund (par Secho~ 33681) ($ 0 ) c Other transfers out (Specify ) ($ 0 ) 4 Tatal Endmg Balance (1+2a+2b+2c-3a-3b-3c) $ 818,437 a Amount of line 4 encumbered ("reserved") for written agreements or contracts ($ ___ 0 ) b Amount of line 4 unencumbered but resen•~d (designated} for spacific purposes (Specify Reserved for Cap~tal Pra~ects ) ($ 818,437 } c Amount of line 4 representsng value of land held for development of hous~n~ for low- and modarata-mcome households ($ 0 ) d Amount of line 4 represent~ng mdebtedness for set-as~d~.s deferrad (per 33334 6) ($ 0 ) e ~ther unavailable funds included m l~ne 4(speafr ) ($ 0 5 Unencumbered and unreserved balance available for houszng activ~ties {4-4a-4b-4c-4d-4e) $ 0 HCD-C Pagz 1 of 6 Agency Name 5anta Momca R~development A~enc~= Excess Surplus 6 a Agencies are requ~red to rzport any "excess surplus" (as dafined in Sect~on 33334 12) to HCD pursuant to S~ct~on 33080 7 An excess surplus exists for a fiscal year ~f the unencumbered balance ~n the L&M Fund at year a~d exceeds the greater of $54Q,000 or the aggregate amount of tax ~ncrements depos-ted mto the L&M Fuad d-~nng the precedmg five fiscal years ("Encumbertng" means comnutting funds pursuant to a le~ally enforceable contract or agreement for expenditure for anthonzed redevelopment housing activit~es ) Agene~es should track each fiscal year's excess surplus, if any, separately If an ageney fa~ls to expend or encumber each fiscal year's excess surplus v~nthm five years of that fiscal year, it is required to transfer the remam~ng excess surplus to the county housmg authonty, or another hous~ng $uthvnty or publ~c agency exercising housing development ~awers with~n the agency's ~unsdzct~on Fill in the followmg tabZe to ralculate and track your agenc~'s excess surplus amounts for each fiscai year from 1988/89 to the present A parttcular year's excess surplus wstl be eltitunated when e~cumbrances and expenditures frorn the five subsequent fiscal years exceed that year's excess surplus amaunt Expendttures and encumbrances may be countzrl onIy once aga~nst any excess surplus Funds which are counted whzn encumbered should bot be counted agam when expendad Expenditures and encumbranc~s fram the current fiscal year may be counted agamst ar~ axcass surplus from an earl~er fiscal year Total Tax Sum of Tax Increments inemments in LBcM Deposttr,d ~n L&M Fund from Prer~ous Fund Five FYs 83-84 84-$5 85-86 86-87 87-88 ~ ----~--- --- - $ 3,812,033 $ 555,634 $ I,914,163 $ 312,253 ~ ~ 88-89 89-90 90-91 91-92 92-93 $ 500,000 $ 525,412 $ 525,609 $ 525,6Q9 S 408,043 Rzmaimng Excess Su~plus, for each FY, as of End of Cureznt Report~ng FY $ $ $ $ $ Unencumbered £x~ess Surplus Amount Expended Ba3anc~ ~n L&hi and Encumbered Fund at End of FY against Ex~zss Su~lus, for each FY, as of end of Cur~nt Repomng FY i $ 6,594,083 $ 642,Q23 $ 7,044 083 $ 1,057.730 $, 3,807,462 $ 761,666 $ 3,777.437 $ 1,~04,393 $ '?,388,883 S 818,436 $ 0 ~ a $ 0 $ ~ $ ~ I $ $ $ $ $ Camulatire Totat Excess Surplus $ b c 0 If you reported an excess surplus for the last fisca~ year, please bnefly summarize the agenc}'s plan (authonz~rl in Sect~on 33334 1a) for encumbanng that amount If plan descnbed in 6 b was adopted, g-ve adopt~on date I I HCD-C Page ? of 6 Agency Name: Santa Momca Redevelo~ment Agenc~ nrs~. Uses of Func~s 7 Per Sectjon 33080 4{a}(6), report a the tota~ number of very low-, low-, and moderate-income households diractly b~nefitted by expend~turzs for onsste/offs~te improvements {see ~tem 3) 119 b the total numbers of housmg um#s made affordable to each of the follow~n~ househo~d mcome groups by ass~stance/expend~tures from the L&~T Fund dunng thz reportmg penod (Note. Report newly constructed or rehabilitat~ uruts onlr m the year in which the}~ are completed. Untts reported here should iuclude any umts reportzrl ui item 11 of Schedule HCD-A and rtem 3 of HCD-B ) 88 Very Low ?5 Low 6 141oderate Above ~Taderate 8 3ect~on 33334 13 requires agencies wh~ch havz used the L&M Fund to assist mortgagors in a homeownership mortgage revenue bond program, or homa financmg program descnbed m that Sechon, to provide the folIowmg infarmat~on a Has yaur agency used the authoniy relatad to definrtions of income or family size ad~ustmeat factors provided m Sect~on 33334 13(a)`' Yes No hot Appl~cable X b Has the agency complied w~th requirements in Section 33334 13{b) relateci to ass~star~ce for very low-mcome households equal to tw~ce that pro<<tdetl for abo~e moderate-income households`' Yes ?`o Not Appl~cable X 9 Section 50835(b} requ~r2s agenc~es to r~port thz use of non-LBr.\4 funds for federal HOh1E or HOPE program support Has this agency useri aay funds m th~s reportmg p~nod for this purposa~ Yes ;~o X Not Apphcablz Sat-aside fuads used H01~4E $ HOPE $ Nan-set-aside funds used HOA~E S HOPE $ 10 Sectton 33413{b)(4) requ~res each agency to adopt a plan to com~ly w~th requirements of Section 33413{b), re~ardmg affordab~lity le~~els for all new or rehabilttatec3 un~ts developad by tha aganc} and by other public or private entities, by pro~ect area Has th~s plan been adopted~ Yes No X ~tiot Applicable If yes, gtve date of adophon / 1 ERAF Transfers 11 a D~d the agency bonow from the L&A4 Fund to make its FY 92/93 transfer to the Educational Revenue Assessment Fund~ (If yes. amount should be posted on lme 3 b, abare ) Yes ~ No X b. If }es to 11 a, was th~s indebtedness reported on the Agency's nexE Statzment of Indebtedness~ Y~s_No_ c. If yes to 11 a, when was the find~ng of necess~ty adopted~ / / If findmg adopted please attach a copy HCD-C Page 3 of b Agency Name Santa Mon~ca Rede~elopment Agency Units Rerreo~ed and Rep[aced 12 Per Sections 33334 5 and 33413(a) redevzlopment ag~ncies are respons~ble for replactng affordable {~ery low, low, and moderate-~ncome le~el) umts removed or destroyed due to rede~elopment activrties Please complete the followin~ table to provide a h~stoncal summary af your agency's lost and replaced units, ~unsdiction-w-de Note that from FY 89/90 forward, the losses and replacements must be reported by mcome le~el ~he umts reported ~n 5chedules HCD-A and B for the repoR~ng penod should be included here Fiscal Year. Income Levels Total 1`TO Lost Umts/Bedroams I~o Lost Not Requ~red to be RepIaced Umts/Bzrlrooms FY(s) in wh~ch Unit{s) Replaced I~To R~placement Units Pro~ided m th~s FY Un~ts/Bedrooms What FY{s)' Losses Replaced~ 77/78 I I 1 78/79 / I I 79/80 / I I 80/81 / I I 81/82 I I I 82/83 i I I 83/84 I I I 84185 / I I 85/86 / r I 86/87 i i I 87188 I I 1 8 S /89 1 1 / 89/40 Vi.,ow * / 16 ! ! Pre-1977 Low 1 2? 1 I Mod / 17 / 1 90/91 VLaw / / / Low ! ! / Mod I 1 I 91/92 VLow I 1 I I.ow / r I Mod I ! I 92/93 VLow I ! I Low I r I Mod I r I Cum Totals / / ~ Approxunately 700 units were r~nored in the Ocean Park lA and 1B projects. The majority oF replacemen~ units were constructed and occupied prior to 77l78. The rema~ning 55 umts r~ere canstructed in $9l90. ** In 1978, the RDA and the City entered into a written 30 year agreement ta pro~ide funds far Fery law and tow income housing. ho speci~c number of anits are funded. Instead, a formula determmes the annual appropriatio~ to the Vetale- Gilpin Housing Fund and ~s used to a~sist the de~elapment of off-s~te hous~ng. HCD-C Paga 4 of 6 Agency Name Santa Momca Redevelopm~nt A~ency Programs 13 To provide a more comprehensive and usefuI suitunary of agenci~.s' housmg programs and accompl~shments, we request you cvmplete the follow~ng checklist Identify the types of programs your agency has established, and suinmanze the activ~ty for the reporting penod by listing the numbers and total amounts of loans or grants, and the numbers and ~ncome levels of 1~ouseholds served by each program Write ~n other programs in the spaces pro~~ded, as nezdcd Program Type, Descnphon ~1 of $$ 1T of $$ m # Income Loans Loaned Grants Grants Hshlds Levels X Predevelopment 1 45 Low/Mod Improvements~ Infrastructure Acqu~s~tion Land Housmg Other bldg Rehab., Owner. Ma~ar Minor X Rehab., Rental X Ma~or 1 5 Low ?vtinar New construct~on, O~vner Self-help X 14~ew constr~ct~an, Rental X Apts 2 42 Low/Mod 2nd umts X SROs 1 72 Very Low Mobilehome Convers~ons Ownersh~p assistance no,~p~~ hZCCs Itefinance Renter ass~stanca Emer~ency Household Pro~ect Preservahon of at-nsk un~ts HCD-C Page S of 6 Agenc~ Name Acfue~ements 14 Please bnefl} descnbe one outstandmg pro~ect, cooperauve or partnarsh~p finaocmg or devzlopment arrangemant, or othar ~nnovatrvz practice or pmgram used ta ~ncreasa or impro~a the affordab~e hous~ng sto..k dunnR this report~ng penod (lf ~ ou w ish to report more than onz, pleasz make and atlach add~uonal copizs of th~s page ) Name of Pro~ect or Program Contact Person and Telzphone Numher Desenpt~on (No of units, res~dant cneomzs, t~pe and address of sirucmrzs, serr~ces pro~~ded, finane~ng airangzmznts, ztc ) Br~af History (successful aspects, unusua] features, lessons laarned pro6lems en.ountzrzd, etc ) Resource Needs 15 What addit~onal traimng information, authont} or other resou~es ~could help rour a~znc, more qucckly and effectnely use ~ts Low and D4oderate Ir~eome Housing (L,&Nn funds ta mcreasz ~mprore, and przserve affardablz housing~ HCD-C Page 6 of b