SR-01-26-1993- RA -2
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Council Meeting: 1/26/93
Santa Monica, California
TO:
Redevelopment Agency Chairperson and Board
FROM:
City Staff
SUBJECT: Approval of Annual Report for Fiscal Year 1991-92 for
the Redevelopment Agency of the city of Santa Monica
INTRODUCTION
The California Heal th & Safety Code requires that each
redevelopment agency file an annual report with the California
Housing and Community Development Department. This staff report
recommends approval of the attached Santa Monica Redevelopment
Agency's Annual Report for Fiscal Year 1991-92, which includes an
independent financial audit, pursuant to Health and Safety Code
Section 33080.
ANNUAL REPORT 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 audit report conducted in
accordance with generally accepted auditing standards;
3) A fiscal statement that provides information on the
outstanding indebtedness of and the amount of tax increment
revenue generated by the agency and by each project;
4) Any other information which the agency believes useful to
explain its programs and activities.
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For 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 July 1, 1991 and
ending on June 30, 1992. The audit was performed to comply with
standards set out 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 various funds and account
groups of the Redevelopment Agency as of June 30, 1992, and found
no negative audit findings.
The Annual Report also:
1) Reviews the objectives and activities of the Redevelopment
Agency in FY 1991-92,
2) Previews the Agency's objectives and work plan for FY
1992-93,
3) Provides recommendations for needed legislation to carryon 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 redevelopment project, The Redevelopment Agency is
required to set aside at least 20% of the tax increment it
receives each year for low and moderate income 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 obligations prevent the agency from
setting aside the full 20% of the tax increment revenue.
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In FY 1991-92, Agency funds were allocated for low and moderate
housing as follows: Ocean Park Project la (18%) and Ocean Park
Project Ib (57.1%) and Downtown Project (20.3%). While only 18%
of the tax increment was available to set aside from the Ocean
Park Project la for low and moderate income housing, the other
two allocations exceeded the 20% minimum. The additional percent
needed for Ocean Park la ($32,582) will be added to the Project's
statement of Indebtedness and will be paid in future fiscal years
for housing when sufficient revenue is available.
The Agency's funds appropriated for eligible housing set aside
expenditures include the fOllowing funds allocated to the City's
Citywide Housing Acquisition and Rehabilitation Program (CHARP),
vitale Gilpin funds (from the Downtown project) used for housing
proj ects, and the lease payment to the Parking Authority (from
the Ocean Park projects) for the parcel at 175 Ocean Park
Boulevard on which 22 units of very low income housing are
located:
DOWNTOWN OCEAN PARK la OCEAN PARK Ib
CHARP $ 88,024 $ 226,531 $ 83,735
VITALE/GILPIN 127,319 0 0
LEASE PAYMENT 0 73,927 27,343
TOTAL $ 215,343 300,458 $ 111,078
Tax Increment rev. $1,061,684 $1,665,201 $ 194,578
% of Tax Increment 20.3% 18.0% 57.1%
Debt added to Project $0 $ 32,582 $0
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.
After the Redevelopment Agency approves the Annual Report
containing the findings related to the housing set aside, staff
will include in the next Agency statement of Indebtedness filed
with Los Angeles County the new debt of $32,582.
BUDGET/FISCAL IXPACT
There are no budget/fiscal impacts resulting from the approval of
the Redevelopment Agency's annual report of FY 1991-92.
RECOMMENDATIONS
It is recommended that the Redevelopment Agency approve the
Annual Report and direct the Executive Director to transmit the
report to the California Department of Housing and Community
Development.
Prepared by: Darrell J. George, Manager
Economic Development Division
Resource Management Department
Johanna Gullick, Senior Administrative Analyst
Housing Division
Resource Management Department
Bill Jias, Senior Accountant
Finance Department
Attachment:
Santa Monica Redevelopment Agency Annual Report for
Fiscal Year 1991-92.
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ANNUAL REPORT FOR FISCAL YEAR 1991-92
REDEVELOPMENT AGENCY OF THE CITY OF SANTA M.ONICA
INTRODUCTION
As required by California Health & Safety Code Section 33080,
each redevelopment agency must file an annual report 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 the agency's activities affecting
housing and displacement.
2) An independently prepared financial audit report conducted in
accordance with generally accepted auditing standards.
3) A fiscal statement that provides information on the
outstanding indebtedness of and the amount of tax increment
revenue generated by the agency and by each project.
4) Any other information which the agency believes useful to
explain its programs and activities.
This annual report for the Santa Monica Redevelopment Agency
contains the information required by State law and also includes
a review of the objectives and activities of the Redevelopment
Agency in FY 1991-92, previews the Agency's objectives and work
plan for FY 1992-93, and provides recommendations for needed
legislation to carry on a program of housing and community
development.
DESCRIPTION OF REDEVELOPMENT PROJECTS
The Santa Monica Redevelopment Agency was established on August
13, 1957, and has three redevelopment project areas:
1) Ocean Park Redevelopment Project (la)
2) Ocean Park Redevelopment Project (lb)
3) Downtown Redevelopment Project
Ocean Park Redevelopment Project
The Ocean Park Redevelopment Project was the first project
undertaken by the Santa Monica Redevelopment Agency. It was
designated for study as a potential redevelopment proj ect in
April 1958 when an application was made to the Federal government
for survey and planning funds. Wi th these funds I the Agency
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commenced preparation of formal plans for the area encompassing
thirty-three acres of land in the southwest corner of the City
adjacent to the Venice community of the City of Los Angeles.
In October 1959, as a result of a reduction in the availability
of Federal funds for the project, the proposed thirty-three acre
Ocean Park project was divided into two separate projects so that
at least one project could go forward with the funds available to
the Agency at the time.
Ocean Park Redevelopment Project 1a
Ocean Park Redevelopment Project 1a encompasses the northern 25
acres of the originally proposed 33 acre project. The
Redevelopment Plan for Project 1a was approved by the City
council on June 30, 1960, following requisite studies and
hearings by the Planning Commission, Redevelopment Agency, 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 proj ect 1a is bounded by Ocean Park
Boulevard on the north, Neilson Way on the east, Ocean Park
Project No. Ib on the south, and the state beach parking lots and
beach on the west. Project 1a is zoned R4 High Density Multiple
Family Residential which permits the highest residential density
in the City.
Ocean Park Redevelopment Project la was completed in May 1987.
The project contains two 17-story high rise apartment buildings
which were completed 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 condominium units which were constructed in two phases.
Phase 1 of the development was completed in 1980 and Phase 2 was
completed in May 1987. Ocean View Park is located in the center
of Project Area la facing the beach. This public park contains
six tennis courts, two paddle ball courts, one basketball court,
walkways, and landscaping. The park offers a rest area with a
panoramic view of the Pacific Ocean.
Ocean Park Redevelopment project 1b
Ocean Park Redevelopment proj ect Ib encompasses the southern 8
acres of the originally proposed 33 acre proj ect. The
Redevelopment Plan for Project Ib was approved by the city
Council on January 24, 1961, following requisite studies and
hearings by the Planning Commission, Redevelopment Agency, and
the City Council. The Redevelopment Plan 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 Redevelopment Project No. 1b is bounded by Ocean Park
Redevelopment Project 1a on the north, Neilson Way on the east,
the City limit on the south (adjacent to the Venice community of
the city of Los Angeles), and the state beach parking lots and
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beach on the west. Project 1b is zoned C3 General Commercial
which permits commercial and residential uses.
Ocean Park Redevelopment proj ect No. 1b was completed in 1983.
The project contains two senior citizen residential apartment
complexes and a former utility building. Neilson Villas contains
100 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
containing more modern switching equipment. The former utility
building was adapted in 1987 to house offices and art storage for
the Eli Broad Family Art Foundation.
Downtown Redevelopment project
The Downtown Redevelopment Project encompasses about 9.9 acres of
property located at the southern end of the City's Third street
Promenade in the downtown core of Santa Monica. The
Redevelopment Plan for the Downtown Project was approved by the
city Council in January 1976.
The Downtown Redevelopment Project is bounded by Broadway on the
north, 4th street on the east, Colorado Avenue on the south, and
2nd street on the west. The project is zoned C3 General
Commercial which permits commercial uses.
The Downtown Redevelopment Project was completed in 1980. It
consists of Santa Monica Place and adjoining parking structures.
The retail portion of the project contains approximately 570,000
square feet of floor area and includes two major department store
anchors and 160 specialty retail shops and food establishments,
all of which are linked by a three level enclosed pedestrian
space that extends diagonally across two city blocks. The
project also includes two Agency-owned parking structures
containing 2,020 parking spaces.
Off-Site Projects
Both the Ocean Park Redevelopment Projects and the Downtown
Redevelopment Project include certain off-site improvements that
were found to be "of-benefit" to each project. In addition to
various housing and other related projects for low and moderate
income individuals and families 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 of the beach parking lot and
surrounding streets that consist of a landscaped central
park adjacent to the beach at the end of Ocean Park
Boulevard, a linear park along Barnard Way from the
southern city limit to Bicknell Avenue, landscaping and
restriping of the beach parking lot, reconstruction of
the pedestrian promenade and bikepath, and construction
of new concession and restroom facilities.
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2) Rehabilitation and expansion of the Ocean Park Branch
Library.
3) Rehabilitation of 22 apartment units for very low income
senior and family households at 175 Ocean Park
Boulevard.
4) Construction of 12 units of rental apartments and 43
units of cooperative housing for low and moderate income
families located on several sites in the Ocean Park
neighborhood of the City.
Downtown Project Off-site Improvements
1) Various improvements to the city's Third street (Mall)
Promenade and downtown (Bayside) district adjacent to
the Downtown Redevelopment Project were found to be
II of-benefit" to the Downtown project. While primary
funding for these improvements has been provided by
other sources, the Downtown Proj ect may provide funds
that are needed for future improvements in the area.
AGENCY OBJECTIVES AND ACTIVITIES FOR FISCAL YEAR 1991-92
In Fiscal Year 1991-92, the Santa Monica Redevelopment Agency
accomplished its objectives for the Fiscal Year and conducted the
following activities:
ocean Park Projects 1& and 1b
Objective:
Complete construction of the Ocean Park
Redevelopment Project off-site housing and monitor
implementation of off-site housing improvements.
The Ocean Park Housing Trust Fund was used to assist in the
development of the following proj ect which was in the
predevelopment stage in FY 1991-92:
o 44 new Single Room Occupancy units (SRO) for very low income
households (2nd street Center project) .
The Ocean Park Housing Trust Fund was also used to assist in the
development of the following projects that were under
construction in FY 1991-92:
o 72 units of new housing for very low income seniors (3rd
street north of Wilshire project).
o 42 new and rehabilitated units for low and moderate income
households (Virginia Village and Garcia projects) .
o 5 rehabilitated units for low income households (Frank
Street) .
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The Ocean Park Housing Trust Fund also was used to subsidize 22
units of housing for very low income senior and family households
through the lease payment made by the Agency on behalf of the 175
Ocean Park Boulevard public housing development.
Downtown Project
Objective:
Completed construction of the Phase II public
improvements on the Third street Promenade and in
the Bayside (downtown) District.
Monitor the housing activities resulting from the
Downtown Project.
During Fiscal Year 1991-92, the Agency coordinated with the City
additional improvements on the Third street Promenade and in the
Bayside District of the downtown area. (Construction of initial
improvements were completed in September 1989.) The Agency also
coordinated with the City on the analysis of the addition of 300
parking spaces to the top of Parking structure No. 6 in the 1400
block of 2nd street and on the construction of retail space along
the ground floor street frontage of the Parking structure.
The Housing Trust Fund was used to assist in the development of
the following project which was in the predevelopment stage in FY
1991-92:
o 44 new Single Room Occupancy units (SRO) for very low income
households (2nd street mixed use project) .
The Ocean Park Housing Trust Fund was also used to assist in the
development of the following proj ects which were under
construction in FY 1991-92:
o 72 units of new housing for very low income seniors (3rd
street north of Wilshire project) .
o 42 new and rehabilitated units for low and moderate income
households (virginia/Frank project) .
o 5 rehabilitated units for low income housing households
(Frank Street).
The Agency also appropriated its Vitale Gilpin housing funds to
assist in the housing projects described above. The Vitale
Gilpin Fund is a legal settlement requiring the Agency to set
aside a portion of the tax increment revenue generated by the
Downtown Redevelopment Project to fund programs that provide
housing for low and very low income persons and families.
AGENCY OBJECTIVES FOR FISCAL YEAR 1992-93
The Agency has the following objective for the upcoming Fiscal
Year 1992-93:
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Ocean Park Redevelopment projects
Objective:
Monitor implementation
improvements resulting
projects.
of
from
off-site housing
the Ocean Park
Downtown Redevelopment project
Objective:
Monitor implementation of off-site housing
improvements resulting from the Downtown project.
Help coordinate Phase III public improvements in
the Bayside (Downtown) District and begin analysis
and implementation of an overall downtown parking
program.
AGENCY ACTIVITIES AFFECTING HOUSING AND DISPLACEMENT
The Santa Monica Redevelopment Agency contributed funds to assist
in financing the construction or rehabilitation of 165 units of
very low, low and moderate income housing that were in various
stages of development in FY 1991-92:
163 units
predevelopment or under construction
In addition, the Agency contributed funds to lease the property
at 175 Ocean Park Boulevard on which 22 units of housing for very
low income households are located.
Specific Bousing Activities
Government Code Section 33080.4 requires that the Annual Report
include the following information concerning ,displacement of
residents, demolition of units, and provis1on of housing
resulting from activities of redevelopment projects during the
fiscal year. Information concerning the provision of housing is
to include any agency-assisted housing regardless of the agency's
funding source and is to include only that housing available for
occupancy in the fiscal year.
No relocation, demolition, or displacement activity occurred
within any of the project areas in FY 1991-92 and no such
activity will occur in FY 1992-93. The Agency also did not
conduct relocation, demolition, or displacement activities
outside of the project areas in FY 1991-92 and no such activity
will occur in FY 1992-93.
As the chart indicates below, there were no uni ts of Agency
assisted-housing completed for occupancy to low and moderate
income households in FY 1991-92. However, 163 units are either
in pre-development or under construction.
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No. of units
Project areas
Agency
Off-site Downtown O.P. 1a a.p. 1b
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
Activity
The total number of
households, including
households for persons and
famil ies of low or moderate
income, that were displaced
or moved from their dwelling
units as part of a
redevelopment project of the
Agency during the previous
fiscal year.
The total number of
households that the Agency
estimates will be displaced
or will move from their
dwellings as part of a
redevelopment proj ect of the
Agency during the present
fiscal year.
The total number of dwelling
units housing persons and
families of low and moderate
income which were destroyed
or removed from the low and
moderate income housing
market during the previous
fiscal year as part of a
redevelopment project of the
Agency.
The total number of Agency
assisted units constructed,
rehabilitated, acquired, or
subsidized for occupancy at
an affordable cost to persons
and families of low and
moderate income.
status and Use of the Low and Moderate Income Housing Fund
Of the 163 units that were in pre-development or under
construction in FY 1991-92, units occupied by very low income
households, all will be low income households, and moderate
income households.
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RECOMMENDATIONS CONCERNING NEEDED LEGISLATION
Pursuant to Health and Safety Code section 33080, this report
should transmit any recommendations concerning needed legislation
for redevelopment agencies. At this time, there are no bills
before the State Legislature which could have an impact on the
Agency's ability to carryon a program of redevelopment given the
status of both project areas. Therefore, no recommendations
regarding needed 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 Monica 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 provide housing for low and moderate income households. state
law permits the Santa Monica Redevelopment Agency to appropriate
less than the full 20% of tax increment revenue because each
project was established prior to January 1, 1977, and because the
Agency adopted a statement of Existing Obligations and a
statement of Existing Programs prior to september 1, 1986.
Ocean Park Redevelopment project 1a
In Fiscal Year 1991-92, the Ocean Park Redevelopment Project 1a
received $1,665,201 in tax increment revenue. The total amount
required to be appropriated for low and moderate income housing
projects for Ocean Park Project 1a was at least $333,040 which is
20% of the tax increment revenue received in FY 1991-92.
In FY 1991-92, the full amount of tax increment revenue required
for housing was not appropriated for housing proj ects. In FY
1991-92, $300,458 or 18% of tax increment revenue required for
housing was appropriated for housing projects.
Ocean Park Redevelopment project lb
In Fiscal Year 1991-92, the Ocean Park Redevelopment Project 1b
received and accounted as receivable $194,578 in tax increment
revenue. The total amount required to be appropriated for low
and moderate income housing projects for Ocean Park. proj ect 1b
was $38,915 which is of the tax increment revenue received in FY
1991-92.
In Fiscal Year 1991-92, more than the full amount of tax
increment revenue required for housing was appropriated for
housing projects. In FY 1991-92, $111,078 or 57% of the tax
increment revenue received was appropriate for low and moderate
income housing projects.
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Downtown Redevelopment Project
In Fiscal Year 1991-92, the Downtown Redevelopment Project
received or accounted as receivable $1,061,684 in tax increment
revenue. The total amount required to be appropriated for low
and moderate income housing projects for Downtown Project was
$212,336 which is 20% of the tax increment revenue received in FY
1991-92.
In Fiscal Year 1991-92, more than the full amount of tax
increment revenue required for housing was appropriated for
housing projects. In FY 1991-92, $215,343 or 21% of the tax
increment revenue received was appropriated for low and moderate
income housing projects.
Prepared by: Darrell George, Manager
Economic Development Division
Community Development Department
Johanna Gullick, Senior Administrative Analyst
Housing Division
Resource Management Department
Mike Dennis, Director of Finance
Bill Jias, Senior Accountant
Finance Department
raannrpt
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SCHEDULE ReD - A
REPORT FOR FISCAL YEAR ENDING ON fi I 10 In
AGENCY NAME AND ADDRESS
COUNTY OF JURISDICTION:
Santa ~onica RDA
1685 Ma~n Street
Santa Monica, CA 90401
Los Angeles
B111 J1as/Johanna Gullick
Name Of Person Preparing Report
(110) !"'''iR-R7f\h
Telephone Number of Preparer
NUMBER OF ACTIVE PROJECT AREAS ADMINISTERED BY THIS AGENCY:
3
NOTE: IF AGENCY OPERATES MORE THAN ONE PROJECT AREA. COMPLETE ABOVE PORTION
OF THIS FORM. THEN MAKE ENOUGH COPIES OF PAGES 1 THROUGH 5 TO PROVIDE A
SEPARATE SCHEDULE HCD-A REPORTING FORM FOR EACH PROJECT AREA.
HeD's reporting mandate, contained in Health and Safety Code section 33080.6,
refers to sections 33080.1, 33334.2, 33413, and 33488. Questions 1 through
6 address the mandates in Sections 33080.1 and 33334.2.
1.
Project Name: Downtown Project
If new, give year adopted: ____
2.
Year(s) areas were added or removed:
Year(s) Merged:
3.
Percentage of project1s tax increments set aside for housing and
deposited in the L&M Fund: (Show exact % if poss1ble; otherwise show 0,
20%, less than 20%, or more than 20%.)
20.3
%
1
4.
If set-aside is being deferred, or is less than 20% of the total tax
increments allocated to the entire project, when were the necessary
findings adopted? (Show month/day/year):
N/A (
(
5.
The Health and Safety Code authorizes types of findings wh~ch can be made
to exempt a project from the set-aside requirement. Indicate type(s) of
findings adopted by checking appropriate Health and safety Code Section
designation(s):
[ ] Section 33334.2 (a) (1) (No need in community to increase/improve
supply of low/mOderate-income housing.)
( ) Section 33334.2 (a) (2) (Less than 20t set-aside 1S sufficient to
meet the need.)
[ ) Section 33334.2 (a) (3) (Community is making substantial effort
equivalent in value to 20% set-as1de.)
[ ] Section 33334.6 (d) (proj ect was adopted prior to 1977 and tax
increments are needed to meet existing debts.)
[ ] Section 33334.6 (e) (proj ect was adopted prior to 1977 and tax
increments are needed for timely completion of projects to which agency
was committed prior to 1986.)
6. Deferred set-asides pursuant to Sect10n 33334.6(d) or (e) constitute an
indebtedness to the L&M Fund equal to the amount being deferred. What is
the amount of the indebtedness resulting from the deferral of all or a
portion of the set-aside during this reporting period?
6A:
$
riA
section 33334.6(g) specifies that indebtedness due to deferrals authorized
in sections 33334.6(d) or 33334.6{e) is cumulative, retroactive to fiscal
year 1985-86. Indicate the cumulative total indebtedness for this project
area (including the amount reported in item 6A, above).
6B:
$
~A
Sect10n 33334.6(g) requ1res any agency which defers set-asides to adapt a
plan to eliminate the deficit in subsequent years. If this agency has
deferred set-asides, has 1t adopted such a plan?
6C: Yes [ ) No ( ).
If yes, by what date is the deficit to be elim~nated? 60:
I
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7. In agency's annual report to 1ts legislative body (required in section
33080.1.) Section 33080.5 specifies fiscal information to be included.
The follow1ng questions address that portion of the reporting mandate:
If Item 3, above, indicates agency is setting aside tax increments and no
figure is entered in Item 7A, below, please indicate the reason for that
inconsistency:
[ Project has not yet generated tax increments.
[ Tax ~ncrements are used to pay debt service on debt proceeds added to
L&M Fund.
[ Other (expla1n):
The following questions relate to this proJect area only and the actual
(not deferred) revenues it has contributed to the agency's L&M Fund. Do
not ~nclude interest. Interest will be shown on SCHEDULE ReO-C. Any
income related to agency-asslsted hous1ng located outslde project areas
should be reported as nOther Revenues Addedl' (Item 7C, below) for the
project named as beneficiary in the author1zing resolution.
A.
Tax Increments Added:
215,343
B.
Debt Proceeds Added (1nclude bond proceeds):
$
$
$
c.
other Revenues Added (excludinq interest):
D.
A+B+e = Total Revenues Added (exclud1nq lnterest): $
215,343
2
B. pursuant to sections 33080.4(a) (1) and (a) (3), complete the chart below to
report the n"",her of dwelling units destroyed or removed from this proJect
area as a result of redevelopment activit~es during the fiscal year; the
Dl1mher of those units the agency is not requ1red to replace; and the type
and income category of households displaced from the project area dur1ng
the f1scal year.
Household
Income
and Type
Total No.
Households
Displaced
Income/Type
Households
Displaced
Total
Units
Lost
Units Lost
not Requ1red
to be Replaced
=~s==_=__~=~~'---.a_aa_~___==__=__~~~=__=~==zs~~__~~~~~=~__===~
Very Low 0
Elderly
Family (non-elderly)
other (not family/
not elderly)
Low
o
Elderly
Family (non-elderly
Other (not family/
not elderly)
Moderate ~
Elderly
Fam1ly (non-elderly)
Other (not family/
not elderly)
Above Mod ~
Elderly
Fam1ly (non-elderly)
Other (not family/
not elderly)
9. As required in Section 33080.4(a) (2), estimate the type and number of
households, by income category, to be displaced from this project area
during the next report1ng period:
Tptal Units
Subtotal for
Elderly Households
Subtotal for
Other Households
==-~==;E-=====~_=_____---~~--~==_=_=====~~___===~===_=_====_~=======_~__
Very Low ~
Low 0
Moderate 0
Above Mod 0
10. Sections 33413 (d) and 33413.5 specify that project areas adopted or
aDended to add areas after 1975 are required to adopt replacement housing
plans at least 30 days prior to entering certain agreements affecting
properties from which lOw- and mOderate-income dwelling units will be
removed. Other project areas MAY adopt such plans.
If the agency adopted a replacement housing plan, report the date it was
adopted:
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11. pursuant to section 33080.4(a) (4) and (a) (5), complete the following chart
to report aaencv-assisted units with OCCUDancv restrictions base<;\ Q1l
household tvce or income level. It asks tor intormation on units located
in this project area, or located outside redevelopment areas for the
benefit of th1s project area. (Under redevelopment law, "elderly
household II means one in which the head of the household is 60 years of
age or older, or handicapped, as specified in section 50067.)
NOTE: Reoort unitli puilt or rehabilitated onlY if the work was comcleted, durinq
the recortina cer1od.
Income
Level
Rehabbed with
Agency Help
Buil t with
Agency Help
Receiving
Subsidies
Acquired
by Agency
-~-=======-----_............._---==,.....------------=~=----- -. -- -~---========:========:=:====:- . .
Total Very Low
For Elderly
For Other
~
Total Low
For Elderly
For other
V1
Moderate
For Elderly
For Other
o
Above Moderate
For Elderly
For Other
o
12. Indicate how many of the units listed in item 11 are replacements for
units removed through redevelopment act~vities, as required in section
33080.4(a) (4):
Income
Level
Buil t with
Agency Help
Rehabbed with
Agency Help
Rece1vJ.ng
Subsidies
Acquired
by Agency
Total Very Low
Subtotal (elderly)
Subtotal (Other)
V1
Total Low
Subtotal (elderly)
Subtotal (Other)
o
Total Moderate
Subtotal (elderly)
Subtotal (Other)
o
13. The attached hous~ng inventory report sheets (pages 5 and 6) are required
by Health and Safety Code SectJ.ons 33080.4(a) (7) and 33418. Please
provide information for all housing units in a redevelopment project area
which have occupancy or affordability restrictions imposed by agreements
or recorded conditions, covenants, and restrictions. (use a separate copy
of pages 6 and 7 fer each project area.)
NOTE: In the column headed "units occupied by Ineligible Households, II
enter the number of units with occupancy or affordab~l1ty restrictions
which were occupied by households pot meet~ng the criteria for occupancy
imposed by the CC&Rs ~r agreements.
4
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t
SCHEDULE HeD - A
REPORT FOR FISCAL YEAR ENDING ON 6 (30 ! 92
AGENCY NAME AND ADDRESS
COUNTY OF JURISDICTION:
Santa Mon~ca RDA
1685 }1ain Street
Santa Monica, CA 90401
Los Angeles
(310) 458-8266
Telephone Number of Preparer
Name Of Person preparing Report
NUMBER OF ACTIVE PROJECT AREAS ADMINISTERED BY THIS AGENCY: 3
NOTE: IF AGENCY OPERATES MORE THAN ONE PROJECT AREA. COMPLET~ ABOVE PORTION
OF THIS FORM. THEN MAKE ENOUGH COPIES OF PAGES 1 THROUGH 5 TO PROVIDE A
SEPARATE SCHEDULE HCD-A REPORTING FORM FOR EACH PROJECT AREA.
HCD's reporting mandate, conta1ned ~n Health and Safety Code Sect~on 33080.6,
refers to Sect10ns 33080.1, 33334.2, 33413, and 33488. Questions 1 through
6 address the mandates 1n Sect~ons 33080.1 and 33334.2.
N Ocean Park ProJect-{lA)
ProJect ame:
1.
If new, give year adopted: ____
2.
Year(s) Merged:
Year(s} areas were added or removed:
3.
Percentage of project's tax increments set aside for housing and
de~osited in the L&M Fund: (Show exact % if poss1ble~ otherw1se show 0,
20%, less than 20%, or more than 20%.)
18
%
1
4.
If set-aside is being deferred, or is less than 20% of the total tax
increments allocated to the entire proJect, when were the necessary
findings adopted? (Show month/day/year) :
01
26 I
93
(
5.
The Health and Safety Code authorizes types of findings which can be made
to exempt a project from the set-aside requirement. Indicate type(s) of
findings adopted by checking appropriate Health and Safety Code Sect~on
designation(s):
( ] section 33334.2 (a) (1) (NO need in community to increase/improve
supply of low/moderate-income hous1ng.)
( 1 Section 33334.2(a) (2) (Less than 20% set-as~de is sufficient to
meet the need.)
[ ] Section 33334.:2 (a) (3) (Community is making substantial effort
equivalent in value to 20% set-aside.)
( ] section 33334.6 (d) (Project was adopted prior to 1977 and tax
increments are needed to meet existing debts.)
( ] section 33334.6 (e) (Project was adopted prior to 1977 and tax
increments are needed for timely completion of proJects to which agency
was comm1tted pr10r to 1986.)
6. Deferred set-asides pursuant to section 33334.6(d) or (e) constitute an
indebtedness to the L&M Fund equal to the amount being deferred. What ~s
the amount of the indebtedness resulting from the deferral of all or a
portion of the set-aside during this reporting period?
6A:
$
32,582
Sect10n 33334.6(g) specifies that indebtedness due to deferrals authorized
in sections 33334.6(d) or 3J334.6(e} is cumulative, retroactive to fiscal
year 1985-86. Indicate the cumulative total indebtedness for this project
area (including the amount reported in item 6A, above).
6B:
$
227,995
Section 33334.6(g) requires any agency which defers set-asides to adopt a
plan to eliminate the deficit in subsequent years. If this agency has
deferred set-asides, has it adopted such a plan?
6C:
Yes [
No ( ] .
If yes, by what date is the defic1t to be eliminated? 6D:~/A I I
7. In agency.s annual report to its legislative body (required in Section
33080.1.) sect10n 33080.5 specifies fiscal information to be included.
The following questions address that portion of the reporting mandate:
If Item 3, above, indicates agency is setting aS1de tax increments and no
figure is entered in Item 7A, below, please 1ndicate the reason for that
inconsl.stenc:y:
] Project has not yet generated tax increments.
Tax 1ncrements are used to pay debt service on debt proceeds added to
L&M Fund.
Other (explain):
The following questions relate to this project area only and the actual
(not deferred) revenues it has contributed to the agency's L&M Fund. ~
not include interest. Interest will be shown on SCHEDULE HCD-C. Any
income related to agency-ass1sted housing located outs1de proJect areas
should be reported as "Other Revenues Added II (Item 7 C, below) for the
project named as beneficiary in the authorizing resolution.
A.
Tax Increments Added:
300t458
B.
Debt Proceeds Added (include bond proceeds):
$
$
$
c.
Other Revenues Added (excludina interest):
D.
A+B+C = Total Revenues Added (exclud1na interest): $
300,458
2
s. pursuant to sections 33080.4(a) (1) and (a) (3), complete the chart below to
report the number of dwelling units destroyed or removed from this project
area as a result of redevelopment activities dur1ng the fiscal year: the
nnmner of those units the aqency is not required to replace: and the type
and income category of households displaced from the project area during
the fiscal year.
Household
Income
and Type
Total No.
Households
Displaced
Income/Type
Households
Displaced
Total
units
Lost
Units Lost
not Required
to be Replaced
-------
~..
I::".J______________..______________..-.... -!'-:A.~_
-------------~-----
Very Low ~
Elderly
Fam~ly (non-elderly)
Other (not family/
not elderly)
Low
~
Elderly
Family (non-elderly
Other (not familYI
not elderly)
Moderate ~
Elderly
Family (non-elderly)
Other (not family/
not elderly)
Above Mod ~
Elderly
Fam~ly (non-elderly)
other (not family/
not elderly)
1
9. As required ~n Section 33080.4(a) (2), estimate the type and number of
households, by income category, to be displaced from this project area
during the next reporting periOd:
'rotal Un1ts
Subtotal for
Elderly Households
Subtotal for
Other Households
:z_=~~=~_~~=__==~=~__~-=____m~___~_==__=_==_
Very Low
=a_:::;.:.:.......===m=--_=
Low
~
o
Moderate
Above Mod
~
10. Sections :33413 (d) and 33413.5 specify that project areas adopted or
amended to add areas after 1975 are required to adopt replacement housing
plans at least 30 days prior to entering certain agreements affect~ng
properties from which low- and moderate-income dwelling units will be
removed. Other project areas HaI adopt such plans.
If the agency adopted a replacement hous~ng plan, report the date it was
adopted:
3
NlA
(
(
11. pursuant to Section 33080.4(a) (4) and (a) (5), complete the following chart
to report aaencv-assisted units with occuoancv restrictions };lased 2.D
household tvce or income level. It asks for intorma~ion on units loca~ed
in this project area, or located outside redevelopment areas for the
benefit of this project area. (Under redevelopment law, "elderly
household" means one in which the head of the household is 60 years of
age or older, or handicapped, as specified in Section 50067.)
NOTE: Renort units built or rehabilitated on Iv if the work was comnleted durina
the reoortina ner1od,
Income
Level
Rehabbed with
Agency Help
Built with
Agency Help
Receiving
Subsidies
Acquired
by Agency
---- --- - ---- - -- ------------------
--------~
-
Total Very Low
For Elderly
For Other
Total Low
For Elderly
For other
o
~
Moderate
For Elderly
For Other
(Ij
Above Moderate
For Elderly
For Other
o
12. Indicate how many of the un1ts listed 1n item 11 are replacements for
un1ts removed through redevelopment act1v1tles, as required in Section
330S0.4(a) (4):
Income
Level
Built with
Agency Help
Rehabbed with
Agency Help
Rece1ving
Subs1dies
Acquired
by Agency
~_-.:_~_:a:::"_~_~:IIillii:2:_~__:IE8":'~_~~:z:aIca-.-=-IS&..-- -- - _-===-___=_____IS:a:sZl3:11:~___=z:====
Total Very Low 0
Subtotal (elderly)
Subtotal (Other)
Total Low ~
Subtotal (elderly)
Subtotal (other)
Total Moderate 0
Subtotal (elderly)
Subtotal (Other)
13. The attached housing inventory report sheets (pages 5 and 6) are required
by Health and safety Code Sect10ns 33080.4 (a) (7) and 33418. Please
provide 1nformation for all housing units 1n a redevelopment project area
which have occupancy or afforaabillty restrictions imposed by agreements
or recorded conditions, covenants, and restrictions. (Use a separate copy
of pages 6 and 7 for each project area.)
NOTE: In the column headed tlUn1ts occupied by Ineligible Households,"
enter the number of units with occupancy or affordab1l1ty restrictions
which were occup1ed by households not meet1ng the criter1a for occupancy
imposed by the CC&Rs or agreements.
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SCHEDULE HCD - A
REPORT FOR FISCAL YEAR ENDING ON 6 I 30 I 92
AGENCY NAME ~~D ADDRESS
COUNTY OF JURISDICTION:
Santa Monica RDA
1685 Main Stree~
Santa Mon1ca1 CA 90401
Bill J1as/Johanna Gullick
Name Of Person Preparing Report
Los AnQ:eles
(310) 458-8266
Telephone NUmber of Preparer
NUMBER OF ACTIVE PROJECT AREAS ADMINISTERED BY THIS AGENCY: 3
NOTE: IF AGENCY OPERATES MORE THAN ONE PROJECT AREA. COMPLETE ABOVE PORTION
OF THIS FORM. THEN MAKE ENOUGH COPIES OF PAGES 1 THROUGH 5 TO PROVIDE A
SEPARATE SCHEDVLE HCD-A REPORTING FORM FOR EACH PROJECT AREA.
HeD's report1ng mandate, contained in Health and Safety Code section 33080.6,
refers to Sections 33080.1, 33334.2, 33413, and 33488. Questions 1 through
6 address the mandates in Sections 33080.1 and 33334.2.
1. ProJect Name: Ocean Park (1B) Prolect If new, give year adopted: ____
2. Year(s) Merged: Year(s) areas were added or removed:
3. Percentage of project's tax increments set aside for housing and
deoosited in the L&M Fund: (Show exact % if possible; otherwise show 0,
20%, less than 20%, or more than 20%.)
57.1 %
1
4. If set-aside is beinq deferred, or is less than 20% of the total tax
increments allocated to the entire project, when were the necessary
find1nqs adopted? (Show month/day/year):
I I
5. The Health and Safety Code authorizes types of findings which can be made
to exempt a project from the set-aside requirement. Indicate type{s) of
findings adopted by checking appropriate Health and Safety Code section
designation(s):
[ ) section 33334.2(a) (1) (No need in community to increase/improve
supply of low/moderate-income housing.)
{ ] section 33334.2 (a) (2) (Less than 20% set-asl.de is sufficient to
meet the need.)
{ ] section 33J34. 2 (a) (3) (Community is making substantial effort
equ1valent in value to 20% set-aside.)
{ ] section 33334.6(d} (project was adopted prior to 1977 and tax
increments are needed to meet existing debts.)
[ J section 33334.6 (e) (proj ect was adopted prior to 1977 and tax
increments are needed for timely completion of projects to wh1ch agency
was comm1tted prior to 1986.)
6. Deferred set-as~des pursuant to section 33334.6(d) or (e) constitute an
indebtedness to the L&M Fund equal to the amount being deferred. What ~s
the amount of the indebtedness reSUlting from the deferral of all or a
portion of the set-aside during ~ reporting period?
6A:
$
N/A
Sect~on 33334.6(g) specifies that indebtedness due to deferrals author~zed
in Sections 33334.6(d) or 33334.6(e) is cumulative, retroactive to fiscal
year 1985-86. Indicate the cumulative total indebtedness for this project
area (including the amount reported in item 6A, above).
6B:
$
;JfA
Sect10n 33334.6(g) requires any agency which defers set-asides to adopt a
plan to eliminate the deficit in subsequent years. If this agency has
deferred set-asides, has it adopted such a plan?
6C:
Yes (
No [ ] .
If yes, by what date is the defic~t to be elim~nated7 6D:
/
/
7. In agency's annual report to its legislat1ve body (required in Sect10n
33080.1.) Section 33080.5 specifies fiscal information to be included.
The following questions address that portion of the reporting mandate:
If Item J, above, indicates agency is setting aside tax increments and no
figure is entered in Item 7A, belowt please indicate the reason for that
inconsistency:
[ Project has not yet generated tax increments.
Tax increments are used to pay debt service on debt proceeds added to
L&M Fund.
[ other (explain):
The follow1ng questions relate to th~s proJect area only and the actual
(not deferred) revenues it has contr1buted to the agency's L&M Fund. Do
not lnclude interest. Interest will be shown on SCHEDULE HCD-C. Any
income related to agency-assisted housing located outside project areas
should be reported as nOther Revenues Addedlt {Item 7C, below) for the
project named as beneficiary in the author1zing resolution.
A.
Tax Increments Added:
$ 111.078
B.
Debt Proceeds Added (inclUde bond proceeds):
$
$
C.
other Revenues Added (excludinq interest):
D. A+B+C = Total Revenues Added (exclud~nq lnterest\: $ 111.078
2
B. pursuant to Sections 33080.4(a) (1) and (a) (3), complete the chart below to
report the number of dwelling units destroyed or removed from this project
area as a result of redevelopment activities during the fiscal year: the
nnlllher of those un~ts the agency is not required to replace: and the type
and income category of households displaced from the proJect area dur~ng
the fiscal year.
Household
Income
and Type
Total No.
Households
Displaced
-----------------..-------
very Low -0-
Elderly
Family (non-elderly)
Other (not family/
not elderly)
Low
-0-
Elderly
Fam~ly (non-elderly
Other (not family/
not elderlY)
Moderate -0-
Elderly
Family (non-elderly)
Other (not fam~lY/
nClt elderly)
Above Mod -0-
Elderly
Fam1ly (non-elderly)
Other (not fam11y/
not elderly)
Income/Type
Households
Displaced
Total
Units
LClst
Units Lost
not Requ1red
to be Replaced
...._--~-----------_:..._-------~-----------
1
9. As required in Section 33080.4(a) (2), estimate the type and number of
households, by income category, to be displaced from this project area
dur1ng the next report1ng per1od:
Total Units
Subtotal for
Elderly Households
SuDtotal for
Other Households
==========~_~==~~~_-=r==__________=---=-===::::z_~"""'__.-..____~~__...=---=__=_
Very Low -0-
Low -0-
Moderate -0-
Above Mod -0-
10. Sectlons 33413 (d) and 33413.5 specify that project areas adopted or
amended to add areas after 1975 are required to adopt replacement housing
plans at least 30 days prior to entering certa~n agreements affectlng
properties from which 1ClW- and moderate-income dwelling units will be
removed. other project areas MAl adopt such plans.
If the agency adopted a replacement housing plan, report the date 1t was
adopted:
3
N/A I
I
11. pursuant to Section 33080.4(a) (4) and (a) (5), complete the follow1ng chart
to report aaencv-assisted units with occucancv restrictions bas~t1 QJJ
household tvce or income level. It asks for information on units located
in this project area, or located outside redevelopment areas for the
benefit of this project area. (Under redevelopment law, "elderly
household" means one in which the head of the household is 60 years of
age or older, or handicapped, as specified 1n Section 50067.)
NOTE: Recort units built or rehabilitated onlv if the work was comcleted durirH'r
the recortina cer1od.
Income
Level
Rehabbed with
Agency Help
Built with
Agency Help
Receiving
Subsidies
Acquired
by Agency
_WIi"~ ~ 11..
-
Total Very Low -0-
For Elderly
For other
Total Low -0-
For Elderly
For other
Moderate -0-
For Elderly
For Other
Above Moderate -0-
For Elderly
For other
12. Indicate how many of the un1ts listed in item 11 are replacements for
units removed through redevelopment act1vities, as requ1red in Sect10n
33080.4 (a) (4):
Income
Level
Built with
Agency Help
Rehabbed w1th
Agency Help
Rece1ving
subsidies
Acquired
by Agency
~~_~~~~_~~~~=~~Ba==~~==____=~~~~~_~____~_~=_________~_____~=
Total Very Low
Subtotal (elderly)
Subtotal (other)
Total Low
Subtotal (elderly)
Subtotal (Other)
Total Moderate
Subtotal (elderly)
Subtotal (Other)
13. The attached housing 1nventory report sheets (pages 5 and 6) are requ1red
by Health and Safety Code SectJ.ons :33080.4 (a) (7) and 33418. Please
provide information for all housing units in a redevelopment proJect area
Wh1Ch have occupancy or affordability restr1ctions imposed by agreements
or recorded conditions, covenants, and restr1ctions. (Use a separate copy
of pages 6 and 7 for each proJect area.)
NOTE: In the column headed "Units occupied by Ineligible Households,"
enter the number of un1ts with occupancy or affordability restrictions
whJ.ch were occup1ed by households not meeting the criter1a for occupancy
imposed by the CC&Rs or agreements.
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SCHEDULE
Santa Mom.ca RDA
NAME OF REDEVELOPMENT
BCD - B (ONLY ONE COPY NEEDED PER AGENCY)
REPORT FOR FY ENDING ON
6/30
191~
AGENCY
section 33080.4 requires redevelopment agencies to report on all their housing
activ~ties. Section 33334.2(g) authorizes the use of Low and Moderate Income
Housing Funds in areas outs~de adopted redevelopment proJect areas to ass 1st
housing affordable and available to very low, 10w-, and moderate-income
households. Report here on the hous~ng and households affected 2n.lY by
redevelopment housing activ~t~es conducted outside adoDted D~o;ect areas.
1. How many households at each of the following income levels were displaced
from areas outs~de adopted redevelopment project areas during the
reporting period as a result of redevelopment activit1es?
o
Very Lo....
o
Lo....
o
Moderate
o
Above Moderate
2. How many units in each of the following affordability categories were
destroyed or removed from the market in areas outside of adopted
redevelopment project areas during the reporting period as a result of
redevelopment activities?
o
Very Low
o
Low
o
Moderate
o
Above Moderate
3. How many agency assisted un~ts affordable to households at each of the
follo....ing income levels were constructed 1n areas outside adopted
redevelopment proJect areas during the reporting period? (Count onlY
those un~ts which were comcleted durina this recortina cer~od.)
o
very Low
o
Low
o
Moderate
o
Above Moderate
4. How many units for households at each of the following income levels were
rehabilitated w1th agency assistance 1n areas outside of adopted
redevelopment project areas dur1ng the report1ng per10d? (Count onlv
those un1ts on which the work was comoleted durina this reoortina per~od.)
o
Very Low
o Low
n Moderate
o Above Moderate
5. How many agency assisted units outside of adopted redevelopment proJect
areas, affordable to each of the follow~ng income levels, were
receiving subsidies during the reporting period?
n
very Low
o
Low
o
Moderate
()
Above Moderate
6. If the agency acquired any units of housing in areas outside of adopted
redevelopment proJect areas durina the reoortina oeriod. please ~nd1cate
how many for each of the following household income levels:
o very Low
o
Low
o Moderate
o
Above Moderate
7. If the agency anticipates displacing any households from areas that are
not in adopted redevelopment project areas, please indicate the
number of households in each income category:
o
very Low
o
Low
o
Moderate
o
Above Moderate
Use space below to further explain housing act1v1ties outs1de proJect areas.
7
ACKIEVEHENTS NARRATIVE
Please help us publicize the housing accomplishments of your agency. Describe
here your agency's outstand~ng hous~ng proJects, cooperat~ve or partnersh~p
financing or development arrangements, or other innovative practices, used to
~ncrease or improve the affordable housing stock. Feel free to include
additional material if the space here is insuffic1ent.
Name of ProJect/program:
Description (No. of un~ts, resident incomes, structure type, services provlded,
address of structure, financial details, etc.):
Brief History (successful aspects, unusual features, lessons learned, problems
encountered, etc.):
What addltional training, ~nformation, authorlty, or other resources would help
your agency more quickly and effectively use its Low and Moderate Income Housing
(L&M) funds to increase, improve, and preserve affordable hous1ng?
8
SCHEDULE HCD - C
Santa M:Jnica FDA
NAME OF REDEVELOPMENT AGENCY
Los Angeles
COUNTY IN ~~ICH LOCATED
REPORT FOR FY ENDING ON
6/30
19~
Ri 11 .T1;m /,Tf"'ln;mTl::l r-ll11;,..k-
NAME OF PERSON PREPARING REPORT
(310) 458-8266
PREPARER I S TELEPHONE NUMBER
section 33080.6 requlres RCO to report on the "status and use of the agency's
Low and Moderate Income Housing Fund," including information developed to comply
with Section J3080.4(a) (6) and (a)(8) related to its use for onsitejoffsite
improvements and for planning and administrative costs.
STATUS OF LOW AND MODERATE INCOME HOUSING FUND
INFORMATION SHOULD BE BASED ON THAT REPORTED TO STATE CONTROLLER.
SUBMIT ONLY ONE COPY OF THIS SHEET, REGARDLESS OF NUMBER OF PROJECT AREAS
ADMINISTERED BY THE REPORTING AGENCY
1.
1,121,145
Beginn1ng Balance:
$
NOTE: IF BEGINNING BALANCE IS NOT THE SAME AS TOTAL ENDING BALANCE
REPORTED FOR LAST FISCAL YEAR, INDICATE REASON:
[ ] Auditor's adjustment(or pr10r per10d adjustment)
[X J Correct1on of error in agency's calculations of past expenditures
[ J Correction of past mlscalculat10n of tax increments recelved
[ J correction of RCD's error 1n prior report
2. Total revenues added during the reporting per1od: $ 626,879
(Total of amounts on line D of all SCHEDULE HCD-A forms subm1tted)
3.
4.
5.
Interest added during the reporting period:
Total expenditures dur1ng reporting period:
34,216
384,152
$
$
a.
Amount of total in item 4, above, representing
expenditures for onsitejoffsite improvements: $
384,152
b.
Number of very low-, low-, and moderate-income
households directly benefitted by expend1tures
for ons1tejoffslte lmprovements (4 a. above):
N/A
c.
Amount of total in Item 4, above, representing
expenditures for plann1ng and adm1n1strative costs
as defined 1n Section JJJJ4.J(d) and (e): $
o
Balance at end of reportlng perlod:
$
1,398,088
a.
Amount included in item 5, above, representing
accounts receivable: $
o
b.
Amount of balance shown in Item 5, above,
representing commltments made by the agency
through written agreements or contracts for
which payment has not yet been made: $
o
c.
Amount included in item S, above, representlng funds
reserved for spec1al purposes Wh1Ch prohibit
their use in the immediate future: $
o
Purpose for which reserved:
d.
Amount included in Item 5, above, representing
the value of land held for development of housing
for low- and moderate-income households: $
o
9
12. Number of hous~ng un2ts affordable for each of the follow~ng household
income levels assisted by expenditures from the L&M fund durJ.nq the
reporting period: (Newly constructed or rehabilitated un~ts should be
reported only in the year in which they are completed. They may be
included here as well as in other sections of the report.)
o
Very Low
o
Low
o
Moderate
o
Above Moderate
13. Agencies wJ.th an identified "excess surplus" (as defined in Health and
safety Code Section 33334.12) are requJ.red, pursuant to Health and Safety
Code Section 33080.7, to report the amount to ReO. If your agency had an
ttexcess surplus" in the L&M Fund at the end of the 1991-92 fiscal year,
please report the amount of the excess here:
$
14. If you reported an excess surplus in item 13, please brJ.efly summarize
the agency's plan (authorized in Section 33334.10) for encumbering that
amount:
15. If the plan described in item 14, above, was adopted, please report the
date of the adoption:
I I
Health and safety Code Section 33334.13 requires agencies which have used the
L&M Fund to assist mortgagors in a homeownersh~p mortgage revenue bond program,
or home financing program described in that Section, to provide the following
informat2on:
1
16. Has your agency used the authority related to defin~tions of income or
fam2ly S2ze adJustment factors prov2ded ~n Sect20n 33334.13(a)?
Yes [X]
No
Not App12cab1e
17. Has the agency complied w~th requirements in Section 33334.13(b)
related to assJ.stance for very low-2ncome households equal to tw~ce
that provided for above moderate-income households?
Yes [x]
No
Not Applicable [
lB. Health and Safety Code Sect~on 50B35(b) requires agencies to report the
use of non-L&M funds for federal HOME or HOPE program support. Has th2s
agency used any funds in th2S report2ng per20d for th~s purpose?
Yes (
No [X]
Set-aside funds used:
HOME
HOPE
NQn-set-aside funds used:
HOME
HOPE
19.
Sectlon J341J(b)(4) requires each agency to adopt a plan to comply with
requ~rements of Health and Safety Code 33413(b), regard1nq affordab1lity
levels for all new or rehab~litated unJ.ts developed by the agency and by
other publJ.c or private entit2es, by proJect area. Has thJ.s plan been
adopted?'
Yes [
No [
Date of adoption
I
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SUPPLEMENTAL TO THE ANNUAL REPORT OF COMMUNITY REDEVELOPMENT ~GENCIES
19845000
REDEVELOP~E~T AGE~CY OF THE CITY
OF SA~TA MO~ICA
1685 }~IX STREET ROOM 206
S~TA ~ONICA, CA 90401
The U.S. Bureau of the Census requests the fOllowing information about
the flscal activities of your government for the year ended June 30, 1992.
Governments furnishing this information will no longer receive Census Bureau
Form F-32, Survey of Local Government Finances. If you have any questions
please contact Marion Paddy at the Census Bureau 1-800-242-4523.
A. PERSONNEL EXPENDITURES
Report your government's total expendIture for salaries and wages durIng the year, includln~ amounts paId on force acco~~t
constructIon prolects.
Z,1I
$ 281,171
B. MORTGAGE REVENUE BOND INTEREST PAYMENTS
IndIcate the amount of interest paId on mortgage revenue bonds during the year.
U211
$
C. CASH AND INVESTMENTS HELD AT THE END OF THE FISCAL YEAR
Report separately for each of the three types of funds LIsted beLow, the totaL cash on hand and on depOSIt and Investments
In Federal government, Federal agency, State and local government and non-governmentaL securItIes. Report aLL lnvestwents
at par value. IncLude In the SInKIng fund totaL any mortgages and notes receIvable heLd as offsets to hOUSIng and IndustrIaL
f1nancing loans. Exclude accounts receivable, value of real property and non-securIty assets.
1. sinking funds - Reserves held for redemption
of long term debt.
W~1
$
2. Bond funds - Unexpended proceeds from sale of bond W31
issues held pending disbursement.
$
3. All other funds - Exclude employee retirement funds. W61
$
4,192,205