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SR-01-26-1993- RA -2 tjI5/0{)( f(A-). '.) 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. fA-J.. , fi , ' Un'~ . ,. . -..-- ;.;J.J.) - 1 - ~ 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. - 2 - 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 - 3 - . 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. ratocc - 4 - ,/_'r -L_ ,.., ~~ -j~'" 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 '"' VI --- . '--- r--:- ~ - 1 - I ......... .... ......iI "") r 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 - 2 - 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. - 3 - 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) . - 4 - 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: - 5 - 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. - 6 - 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. - 7 - 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. - 8 - 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 - 9 - 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 I 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: 3 rJA I ( ( 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.) 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(: ~ ~ ]. .j. c C 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. 4 " z; lot f1 oC C Po = ar: o \110 12 ~ = c tl o ar: Go tC :z: 110 1-4 M ll:l IC f4 CD f>J Q ~ ~ 1101 ~ P- I: o U :; fiI z o ... "'" o W III III ~ = "'" r-. o . i<1II ~t o Clio sf;! o =~ Illar: e >li< tJ::! :r;... ;21 .c~ !ii~ 11/I1o?i Z:1I2 110 III S~ D.1ll:l ~= 11/I11I Q war: "'0 roo Dol =f4 f.I.... 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'W ... -./oJ IQC &tal 0'" ;:;..-1 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.) 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C "".1.1 0" Ill>. 1oI1l111 5..a~3.CGl~ 0"0 <<l M~_ ...Gl't!ClOc- lD:Jal II-l> >C:lII~"" Gl...O.l.l....... "O......'lJG~ .O.....I.IU " ... .2 tIJ . I , - . . 0( - .0::> i3igg~~ "lo.=:=:UIlo ... -Ill . I.. tl q,I """C QI 0 .... >- ... Q o Cl o .... .1.1 d e o .... a .... l:I ... .. .... l:I o o o ... II ... ~ GlIl IIQ/ .au .W :l 110 ..Ill ,g t-I>. . ... ..-4 -.1.1 WC foIG) 0'0 20..-1 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? 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Ie. i e ~ !-i ~ r"I ..... ~ .. c::; ~ .....1 (Ll ~I >- Eo< "'" I - 0 , Q., 1- ::J ::::: ,~ ; ~IG ~ J ....C) 8"8 ~8 ,;:::- Il-iltl ~ Itl tIl'E ~ 'Er.:I Q.) ''0'- .3 ...... ro <11 .+J ... a .- tiE Eo- .-; m Itl ::CUI "... $I Q.l ~~, . ~~j .:"'1+J _~ :5 11 "a ~s~ 1~ tIl~~ ~ .s 0 .u ~ ' ~ If ~ +J - ~ ~.cB .... HUJ tI1 .. tIj ~ 5 ffi @ i-1 ~ o U::l ~ $ ~ <CJG5'"~G:"S 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