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SR-01-14-1992 - RA2~~ ~ ~ ~/~~o~r _~. ~ k:.,w~,~ C/ED:EDD:DJG:ph.ratocc Council Meeting: 1/14/92 Santa Monica, Cali~arnia TO: Redevelapment Agency Chairperson and Board FROM: City Staff SUBJECT: Approval of Annual Report far Fiscal Year 1990-91 for the Redevelopment Agency of the City of Santa Monica INTRODIICTIUN The California Health & Safety Code requires that Each redevelopment agency file an annual report with th~ californ~a Housing and Community Development Depar~ment within six mon~hs of the end of the agency's fiscal year. Th~s staff report recomxnends appraval of the attached Santa Manica Redevelopment Agency's Annual Report for Fiscal Year 1994-91, which includes an indepandent financial audit, pursuant to Health and Safety Cade Section 33080. ANNUAL REPORT CONTENTS As required by Iaw, the Agency's Annual R~paxt includes: 1) A specif~c description of the agency's activities affecting housing and displacement; 2) An independently prapared financa.al audit report conduct~d in accardance with generally ~ecepted auditing standards; 3) A fiscal statement that provides information on the outstanding ind~~tedness of and the amaunt of tax increment revenue generated by the agency and by each pra~ect; 4) Any other infarmation which the ag~ncy believes useful to explain its pragrams and aetzvities. ~ ~ ~ ''f• • - l~~ - 1 - For the audit portion of the Annual Report, the Agency contracted with the accounting firm of KPMG Peat Marwick for an ind~p~nd~nt financial audit of the fiscal year commencing on July 1, 1990 and ending on June 30, 1991. The audit was per~ormed to comply ~dith standards set out in Sectian 33080.1 of the Health and Safety Code. KPMG Peat Marwick found that the Agency's records fairly present the fYnancial pasition of the various funds and account groups of the Redevelapment Agency as of June 30, 1991, and found no negativ2 audit findings. The Annual Report also: 1) Reviews the ob~ectives and activit~es of the Redevelopm~nt Agency in FY 1990-9~, 2) Previews the Agency's object~v~s and work plan for FY 1991-92, 3) Provides recommendations ~or needed legislatian to ea~ry on a program of housing and commun~ty development, and 4) Makes certain findings as to the Agency's appropriatidn af funds for lot~t and moderate incame housing projects. AGENCY TAX INCREMENT REVENUE FOR HOUSING Far each redevelopment praject, The Redevelopment Agency is required to set aside at least 20P of the tax increr~ent it receives each year for low and moderate income h~using projects and activities. A redeve~opment agency may defer the housing obligation of a redevelopment pro7ect that ~:as started pr~or ta 1977 if existing programs and obligations prevent the agency from setting aside the full 20% of the tax increment revenue. _ 2 -- In FY 1990-91, Agency funds were aliocated fo~ loti and moderate housing as follows: ~cean Park Project la (19%) and Ocean Fark Project 1b (59.2~) and Down~own Praject (21.0~). Whzle only 19% of the tax increment was available to set aside from the Ocaan Park Pro~ect 1a for low and moderate income housing, ~he other two aZlocations exceeded the 20% minimum. The additional percent needed for Ocean Park la ($15,fl30) ~ai11 be added to the Project~s Statement of Indebtedness and will be paid in future fiscal years for housing wh~n sufficient revenue is avai~able. 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 (fram the Dat~tntown project) used for ho~s~ng pro~ects, and the lease payment to the Parking AutY~or~ty (from the Ocean Park projects) far the parcel at 175 Ocean Park Boulevard on which 22 units of very lo~~ income housing are located: CHARP VITALE/GILP2N LEASE PAYMENT DOWNTOWN $ 88,024 127,319 0 OCEAN PARK 1a OCEAN PARK lh $ 83,735 0 25,650 TOTAL $ 215,343 Tax Increment rev. $1,026,575 a af Tax Increment 21.0% Debt added ta Project $0 $ 226,531 0 69,350 295,881 $1,554,5~7 19.Qa $ 15,030 $ 109,385 $ 184,811 59.2°s $0 - 3 - Atter the Redevelopment Agency approves the Annual Report containing the findings re].ated ta the housing set aside, staff will include in the next Agency Statement of Indebtednes~ filed with Los Angeles County the new debt of $15,Q30. BUDGET~F~SCAL IMPACT There are no budget/fisca~ impacts resulting from the approval of the Redevelopment Agency's annual r~part of FY 1990-91. RECOMMENDATI~NS It is recommended that th~ Redevelopmen~ Agency approve the Annual Report and direct the Executive D~rector to transm~t the report ta the California Department of Housing and Community Development. Prepared by: Darrell J. George, Manager Economic Deveiopment Divisian Community Development Department Chuck Elsesser, Manager Housing bivision Cammunity Dev~lopment Department Attachntent: Santa Monica Redeaelopment Agency Anntzal R~port for Fiscal Year 1990-91. ratocc - 4 - ANNUAL REPORT FOR FISCAL YEAR 1990-91 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MflNICA INTRODUCTION As required by California Health & Safety Cade Sec~ion 33080, each redevelapment agency m~st file an annual report with the California Housing and Community Development Department with~n six months af the end of the agency's fiscal year. The annual repart must contain for the agency and each pra~ect: 1) A specific description of the agency's actavities affecting housing and displacement. 2) An independently prepared financial audit report conducted in accordance with generally accepted auditing standards. 3) A fiscal statement that pravides information on the outstanding indebtedness of and the amoun~ of tax incremen~ revenue generated by the agency and by each praject. 4) Any other infarmation which the agency believes us~ful to explain its programs and activities. This annual report for the Santa ~anica RedEVelopment A~ency contains the infarma~ion required by State laG~ and also includes a review of the objectives and activities of the Redeve~apment Agency in FX 1990-91, previews the Agency's ob~ectives and nTork plan for FY 1991-92, and provides recommendations for needed legislation tfl carry an a program of housing and community development. DESCRIPTION OF REDEVELOPMENT PROJECTS The Santa Monica Redevelopment Agency ~,ras establ~shed on August 13, 1957, and has three redevelapment project areas: 1) Ocean Park Redevelopment Pro~ect (1a} 2) Ocean Park Redevelopment Project (lb) 3y Dawntawn Redevelopment Project Ocean Park Redevelopment Prajeat The Ocean Park Redevelop~nent Praject t,ras the f~rst project undertaken by the Santa Monica Redeve~opment Agency. It ttiTas designated for study as a potEntial redevelopment proj~ct in Apr~l 1958 when an application was made to the Fedaral go~rernment for survey and planning funds. tidith these funds, the Agency ~- 1 - cammenced preparation o~ formal plans far the area encompassing thirty-three acres of ~and in the sauthwest corner of the City adjacent to the Venice community of the City of Los Ange~es. In October 1959, as a result af a reduction in the ava~labili~y of Federal funds for the praject, the proposed thirty-three acre Ocean Fark project was divided into two separate projects so that at least ane pra~ect could go forward with the funds available to the Agency at the time. Ocean Park Redevelop~ent Project ~a Ocean Park Redevelopment Praject la encompasses th~ northern 25 acres of the originally proposed 33 acre pro~ect. The Redevelopment Plan for Project 1a was approved by the City Cauncil on June 30, 196D, following requisite stud~es and hearings by the Planning Commission, Redevelop~ent Agency, and the City Council. The Redevelopment P~an caas amended on Navember Z4, 1957, principally to change ~he permitted land uses in th~ project area. Ocean Park Redevelopment Pro~ect 1a is bounded by Ocean Park Boulevard on the north~ Neilson Way an the east, Qcean ~ark Project No. 1b on the south, and the State beach parking lots and beach an the w~st. Pro~ect la is zoned R4 High Density Multlple Fami~y Residentia~ which permits the highest residential d~nsity in the Ci~y. Ocean Park Redevelop~ent Project la ~ras completed in May 1987. The praject 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 Calany condominium groject. Sea Colany contains 340 condominium units which were constructed in t~ao phases, Phase 1 of the de~elopment was completed in 1980 and Phase 2 was completed in May 1987. Ocean View Park is ~acated in the cent~r 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 o~fers a r~st area ~~~~th a panoramic view of the Pacific Ocean. Ocean Park Redevelopment Project lb Ocean Park Redevelopment Project lb encampasses the southern 8 acres of the originally proposed 33 acre project. The Redevelopment Plan for Project lb was approved by the City Council on January 24, 1961, following requisite studies and hearings by the Planning Commissi~n, Redevelop~ent Agency, and the City Counci~. 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 Redevelapment Praject la on the ~arth, Neilson ~~ay on the east, the City limit on the south (adjacent ta ~he Venice community of the City ot Los Angeles), and the S~ate beach parking lots and _ 2 _ beach an the w~st. Project 1b is zoned C3 General Co~mercial which permits commercia~ and residential uses. Ocean Park Redevelopment Project No. ~b was completed in 1983. The project contains two senior citizen residentia~ apartment co~plexes and a fo~mer 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 te~ephone switching equipment and 4ras replaced in 1986 by a facility outside the projec~ area containing more modern switching equipment. The former utility building was adapted in 1987 to hous~ offices and art starage for the Eli Broad Fami~y Art Foundation. Downtawn Redevelopment Project The Downtown Redevelopment Project encompasses about 9.9 acres of praper~y located at the southern end af the C~ty's Third Street Promenade in the downtown core of Santa Manica. The Redevelopment Plan for the Downtown Project was approved by the City Council in January 197&. The Dawntown Redevelopment Project is bounded by Broadway on the north, 4th Street on the east, Colarado Avenue on the south, and 2nd Street on the ~aest. The project is zoned C3 General Commereial wh~ch permits commexcial uses. The Downtown Redevelopment Project was completed ~n 19SD. It consists of Santa Monica Place and adjoining parking structure~. The retail portion of th~ project contains appraximat~ly 570,000 square feet o~ floor area and ~ncludes t~~o major department store anchors and 160 specialty retail shops and food establishment5, all of which are linked by a three level enclased pedes~rian space that ext~nds diagonally across t~ro City blocks. The project also includes twa Agency-owned parking structures containing 2,02a parking spaces. Off-Site Projec~s Both the Ocean Park Redevelapm~nt Projects and the Downtown Redevelopment Project include certain off-site improvements that were found to be '~of-benefit" to each project. In addit~.on to various housing and other related projects for lo~r and mvderate income individuals and families either funded in ~ahole or in part by each project, major off-site improvements znclude: Ocean Park Projects' Off-Si~e Improvements 1) Renavation and enhancement of the b~ach parking lot and surrounding streets that consist of a landscaped central park adjacen~ ~.o the beach at the end of acean Park Boulevard, a linear park alang Barnard Way from th~ southern City limit to Bicknell Avenue, landscaping and restriping of the beach parking lot, reconstruction of the pedestrian promenade and bikepath, and constructian 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 lota incame senior and family households at 175 Ocean Park Boulevard. 4) Construction of 12 units of rental apartments and 43 units of coaperative housi~g for locT and moderate ~ncome families located on several sites in the Ocean Park neighborhood of the City. Dawntown Praject Off-Site Improvements 1) Various improvements to the City's Third Street (NTall} Promenade and downtown (Bayside) distric~ adjacent to the Downtown Redeve~opment Prpject ~rere found to be "of-benefit" to the Downtown Pro~ect. Lti~hile primary funding for these improvements has been provided by other sourc~s, the Downtown Project nay provide funds that are needed for future improvements in the area. AGENCY O$JECTIVES AND ACTIVITIES FOR FISCAL Y~AR I990-91 In Fiscal Year 1990-91, the Santa ~Zonica Redevelopment Agency accomp~.ished its objectives fax' the Fiscal Y~ar and conducted the follawing actzvities: ~cean Park Prajects la and ib Ob~ecti~e: Camplete construction of the Ocean Park REdevelapment Project off-sita housing and monitor implementation of off-site hausing improve~ents. Funds from the Ocean Park Redevelopment Project Lo~r and Moderate Tncome Housing Trust Fund, combzned with the Downtotim Project Hausing Trust Fund, were used to assist in the development of the follawing project which was completed in FY 1990-91: 0 32 units af rehabilitated housing for low and moderate income hauseholds (Cloverfield project). In addition. the Ocean Park Housing Trust Fund was used to assist in the development of the following pro~ects that w~r~ in the prede~elopment stage in FY ].990-91: 0 44 new Single Room Occupancy units (SRO) for very low income households (2nd Street Center project). 0 17 new and rehabilitated units for low and moderate income households (V~rginia/Frank project). - 4 - Finally, the Ocean Park Housing Trust Fund was used to assist in the development of the following project that was in construction in FY 199U-91: 0 72 units of new housing for very law income seniors (3rd Street north of Wilshire project), The Ocean Park Housing Trust Fund also was used to subsidize 22 ~nits Qf hausing for very low income senior and family households through the lease payment made by the Agency on behalf of the 175 Ocean Park Baulevard public housing development. Dowuto~m Proj ect Ob~ective: Complete construction of public improvements on the Third Street Promenade and in the Bayside (downtown) District. Monitor the housing activities resulting fram the Downtown Project. During Fisca~ Year 1990-91, the Agency coordinated with the City additional i~provements 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 af 340 parking spaces to the top of Parking Structure No. 6 in the 1400 black of 2nd 5treet and on the constructian of retail space along the graund floor street frontage of tha Parking Structure. (Constructian is anticipated ta begin in 1992.) Funds from the Downtown Redevelopment Project Low and Moderate Income Housing Trust Fund, combined with the Ocean Park Praject Housing Trust Fund, were used to assist in the development of the following project which was completed in FY 1990-91: 0 32 units of a rehabiiitated housing for low and maderate income households (Cloverfield project}. The Housinq Trust Fund was also used to assist in the development of the following projects that were in the predevelopment stage in FY 199Q-91: a 44 new Single Room OccupancX units (SRO) far very low income households (2nd Street mixed use project}. a~7 new and rehabila.tated units for low and moderate income households (Virginia/Frank project). - 5 - The Agency also appropriated its Vitale Gilp~n housing funds to assist in the housing pro~ects described above. The Vitale Gilpin Fund is a legal settlement requiring the Agency to se~ aside a portion of the tax increment revenue generated by th~ Downtown Redevelopm~nt Project to fund programs that provide housing for low and very low income persans and families. AGENGY OBJECTIVES FOR FISCAL YEAR 1991-92 The Agency has the following objective for the upcoming Fiscal Year 1991~92: Ocean ParK Redevelapment Projects Objective: MonitQr implementation of off-sit~ hQUSing impravements resulting fro~ the Ocean Park Project~. Downtown Redevelopment Project Objective: Monitor implementation of off-site housing improvements resulting from the Do~rnto~•in Project. Help coardinate additianal pub~ic improvements in the Baysid~ (Downtown) District and begin construction of the expansian and improvement of a downtown Parking Structure. AGENCY ACTIVITIES AFFECTING HOUSING AND DISPLACEM~NT The Santa Monica RedevElopment Agency contr~but~d funds to assist in financing the construction ar rehabili~ation of 165 units af very law, low and moderate income housing that ~~ere in various stages of development in FY 1990-91: 133 units predevelopment or development phase 32 units completed 165 units TOTAL In additian, the Agency contributed funds to lease the property at 175 Ocean Park Boulevard on which 22 units of housing far very low income households are located. Specific Housing Ac~ivities Government Code Section 33080.4 requires that the Annual Report include the fallowing informatian concerning displacement af res~dents, demolition af units, and provision af housing resulting fram activities of redevelopment projects during the fiscal year. Information concerning the provision o~ housing is to include any agency-assisted housing regardless of the agency's - 6 - funding source and is to include only that housing available for occupancy in the f iscal year. No re~ocation, demolition, or displacement activity occurred within any of the project areas in FY 1990-9Z and na such activity will occur in FY 1991-92. The Agency also did not conduct relocation, demolition, or displacement activiti~s outside of tha project areas in FY ~990-91 and no such activity will occuY in FY 1991-92. As the chart indicates below, there were 54 un~ts of Agency assisted-housing acquired, rehabilitated, or subsidized for occupancy to low and moderate income households in FY 1990-91. Thirty-two af these units were acquired and rehabilitated and 22 units were subsidi2ed for occupancy by househo~ds t•rith 1ow and moderate incomes. No. of units Activi~y Project areas Agency Off-site Downtown O.P. Ia O.P. lb 0 a 0 0 The total number af househo~ds, including hous~holds for persQns and fam~lies of low ar maderate income, that ~rere displaced ar moved from their dwelling units as part of a redevelopment project of the Agency during the previous f iscal year. 0 0 0 0 The total number of households tha~ th~ Agency estimates w~ll be d~spl.aced or will move from the~r dwellings as part Qf a rede~elopment praject of the Ag~ncy during the pre5ent fiscal year. 0 0 0 0 The ~otal n~mber of dwelling units housing persans and families of Iow and r.~oderate income which were destroyed or removed from the lo~•a and moderate incame hou~ing market during the previous fiscal year as par~ of a rsdevelopment project of the Agency. 54 0 D 0 The total number of Agency assisted units constructEd, - 7 - rehabilitated, acquired, or subsidizad for occupancy at an affordabl~ cost to persons and families of low and moderate income. Status and Use of th~ Low and Moderate Income Housing Fund Of the 54 units that were can~tructed, acquired, rehabilitated, or subsidzzed in FY 1990-91, 40 units v~ere occupied by very lotiv income households and 4 units were occupied by lo~•r income hauseholds, and la units were occupied by rioderate income households. The total 187 units of housing the Agency's Law and Moderate Income Hausing Trust Fund assisted to pred~velop, canstruct, acquire, rehabilitate, or subsidize in FY 199fl-91 ~r~re occupied or planned for occupancy by the following types of househalds: 173 un~ts very iaw income hauseholds 4 units low income households 10 units moderate incame households 187 units TOTAL RECOMMENDATIONS CQNCERNING NEEDED LEGISLATION Pursuant ta Health and Safety Cade Sectian 33080, this repart should transmit any recommendations concerning needed legislatzon for redevelopment agencies. At this time, there are no bills before the State Legislature which could havc an impact on the Agency's ability to carry on a program of redevelopment given the status of both project areas. Therefare, na recommendations regarding needed legislation are provided. The Agency will cantinue ta monitor legisZative information on items concern~ng redevel~pment. FINDINGS RELATED TO AGENCY'S HOUSING TRUST FUND As required in Section 33334.6 af the Health and Safety Code, the Santa Monica Redeve~opment Agency must make a findir~g in each fiscal year in which the Agency was unable to appropriate a minimum of 200 of the tax increment revenue it rece3ved that year to provide housing for low and moderate income hauseholds. State law permits the Santa Manica Redevelopment Agency ~o appropriate less than the full 20~ of tax increment revenue because each project was established prior to January 1, 1977, and because the Aqency adapted a Statement of Existing Obligations and a Statement of Existzng Programs prior to September 1, 1986. Ocean Park Redevelopment Proj~ct 1a In Fisca~ Year 1990-91, the Ocean Pa~k Redevelopment Project 1a received $1,554,557 in tax increment revenue. The total amaunt required to be apprapriated for law and moderate incame houszng - 8 - projects for ~cean Park Projec~ 1a was at least $310,911 ~ahich is 20$ of the tax increment revenue received in FY 1990-91. In FY 1990-91, th2 full amount of tax incr~ment revenue required far housing was not appropriated for hausing projects. In FY 1990-91, $295,881 or 19~ of tax increment revenue required for housing was appropriated for housing project5. Oceaa Park Redeve~opment Project ib In Fiscal Year 1990-91, the Ocean Park Redevelopment Project lb received and accounted as receivable $184,811 in tax increment revenue. The total amount required to be appropriat~d for low and moderate income housing pXOjects for ~cean Park Project 1b was $36,962 which is 20~ of the tax increment revenue rece~ved in FY 1990-91. ~n Fisca~ Year 1990-91, morE than the full amount of tax incxement revenue required for housing was appropriated for housing prajects. Tn FY 199Q-91, $149,385 or 59% of the tax increment revenue received was appropriate for ~~w and moderate income housing projects. Do~ntown Redevelopmen~ Project In Fiscal Year 1990-9I, the Downtown Redevelop~ent Praject received ar accounted as receivable $1,026,575 in tax increment revenue. The tatal amount requir~d to be appropriated for law and moderate inco~e hausinq pro~ects for po~antown Project was $205,315 which is 20~ of the tax increment revenue received in FY 1990-91. Yn Fiscal Year 1990-91, ~ore than the full amount of tax increment revenue required for housing ~aas appropriated ~or housing prajects. In FY 1990-91, $215,343 or 210 of the tax increment revenue received was appropriated for low and moderate income housing projects. Prepared by: Darrel~ George, Manager Economic Development Division Community D~velopment Department Chuck Elsesser, Manager Housing Division Community Deve~opment Department Mike Dennis, ~irector of Finance Bill Jias, Senior Accountant Angie Le2, Accountant raannrpt - 9 - ~ ~ TO STA'CE C(}NT'RDLLER F)[V[SIUN UF WCAL GUVERNMENT i~'ISCAL A~'FASRS COMMUN[TY REDEVEE.OPMENT ~~;r~r~ri~vc uNim ~~ a ~ox 942$b0 SA(~RAI44C:NT0, CA Q426Q-6876 I;xF'HFSS MA1L AI)bItFSS 300 CAI'L'FOL MAL.1., SUIT~: G31 SACRAMENTO, CA 416814 F'f6CAL YEAA £NDED ,7une 30 , y~ 9I AUF. WITIi1N SIX MON'F~IS OF TIIE AGLNGY'S FISCAL YEA~ FND. Cp11NTY M A ti tNr • ny~q~,~cc r~ r.tr .~~. ,...~~ ,.,., ~.,sfl~,.•~ r.~~ ~. ~~~ .F NF.CFSSARY) IIII'ii~f~illll~lllllfll~~}qll~~li~llll ~ ~ ~ -~~--~~~ ~ - 1.9845004 REDEVEI~ 1~EDEVELOPM~NT AGENCY OF THi~ CzTY OF SANTA MONICA 1.685 MAI1~I STREET ~tOOM 206 ----- ..............__._...._. zrp cooe S11N'CA MON~CA, CA 90401 STATE USE UNLY LO(;AT[OiV: {STREET A[1BRFSS) (IF DIFFI:HF:NT FROM AHOVE) -------•-._.._....,. , . .,., IDATC1i N0._,.._. AEVI EwED CI7'1f STATE CAVEIL SI[EET 1'A(:1: ~~0 zrP conE AG1:iVCY ()RGANl7.ATlON GOVF.1iNING E30DY MET+~I3ERSilil' ('I,F;ARFD X RE[IEVEi.C~PMF.NT AGENCY (H&S CDOE 831(~} HAABD nF Si1PF.RVISORS .~ COM1AUNfTY DEVELOPMEM COMMI6fi14N ~ CITY COUMCIL ~ OTF~F.R (H~48 COUE 341t0) MEMB~;I~S QF` T1iL~ GOV~:R~i~N(3 BODY R[~!'OkT PRF.E'ARF.U (CO[YTACT PFRSC~N) PSIUNF. -(CONTACT i'ERSO[~ ~x: Angie Lee ----------~ 310 _458.-82,61 CIIAIRPERSON MF.AtaF,A STRF.ET ADDRFSS Ken..C~nser,.- ---.---.---Antonio Vau~~z ---.-- 1.717 4th Skree~, Suite 250 - - ---._......_...__._.......... ........-- - MEMBF.R h[F,Hl3F,8 C!'CY STAT£ ZiP CppE J~Abdo ---.._.._.... _....__._ Der~n~.s T. Zane Santa Monica Californza...-.--,-- 90401 .------- MFx~~~ex MF,MAF.H SIGNATU E ~F FJt~ T E DIRECTOR nnre. r l~bert T. llolbropk MEASRER MEIMHER -.-^-.~~TA. TIA. E ^.~.._.---._...^ 7ZSLE Iierbest ISatz MEMDEft MEb1IIER Kelly olsen AGF,NCY OFFIC[AIS John Ja3.ili E~cecutiv~ D~.rector ~ F[el~ NA~t~: 1NDBPF.N~EN'E' AUD[TOR KPb7G Peat Mat~aa.ck EJCECVTIVE OFPICEIL PfiONE CONTACT PERSON PIlONE -{~ONTACT PEASON) John Jalili - -------....__.._~~.~4~~~5?~----- --~----- Dave N. Kennea~l~--._...------------ ----~1.5~~~~-8334 FiSCAL OFPICP,S PE3dNE 4IR££i AbDRFS3 C.M. Dennis c31~ 458-8281 ...._..._, .,...__._.... ..__.._ 725_South Figtzeroa__Stxeet 5ECIlE7ARY P[lONF. C1TY SIATE Z1P COb6 Clar~,ce D~khouse --.--. - . c310~ 458-8211...._ _.---_.. __. __._,. ~...____.~os .Ange].es... . _.. ... _...._._ California-----90017 _. ~cFn eo cxEV sreo) ANNUAL REPORT OF F1f~A~VCIAL TRANSACTIONS OF COMMUNITY RFDEVELOPMENT AGENCIES STATB USF. UNI.Y ~ ANNUAL REPORT OF F.INA.NCIAL TRANSAC"~'I4NS rncF o 2 OF COMMUNITY I~EDEVELOPMENT AGENCIES ACHIEVEMENT INFORM~TION (UNAUDITED) Redevelopnen~. Agency of the ~'ISCAL. YF.AEi EiVDEU June 30 ` yc~ ~~ AGENCY NAME C7-~y o£ Santa Nbn~.ca INDIGATP; ONIN T110SF ArIllf;Vi;MrN1'S C(?MPI.TTFD DURING T1IF ['ISCAL YI•'.AIt OI' TIIiS 1ZFP()f~T ---..__ ,....._.,_. .____,._._.... .. . ._ AS A DIR[:C'T RI'SUI.T OF TIII: AC'TIVITIF~ OF TII~ RCDEVF.LUPMC;NT AGI.NrY Pl.F,ASF PROVID~ A~FSCRIPT[aN 4F TIIT AGF.NCY'S ACTIVITIFS/ ACCOMPI.[SIIMF.N'1'S DURING TEiE PAST Y~'./-i~ USf: ADDITIONAI. FORMS A3 N(;I:Df:D YI.EASE' BE' SPL~'CIE'1'C, AS THIS INFORMA77UN WILL BE THE BASIS F'~U121'~OSS1f3,f,F IN(:l,(ISIQN IN 77iF, PU73I.ICATION 1) Ga~~leted constructian o~ additional ~ublic improve- ments on 'I'hird Street Prorr~nade and ~.n Bayside (do~wt~-- tawn) bistrict. 2) 1lssisted in the rehabilitation o£ 32 un~ts of low and xnoderat.e inccme housinq,~_ 3) Construction has begun on a 72-wnit senior housing project. 4) Pre-devel~~i~ phase undezway for 44 uni~s of sinc~le- ~-oan occu~aancv uni~s far vearv law a.ncc~me nersons in f:NTF.~L TIIE AMOUNT OF SQ~JAItt: FOOTAC~I, [:Oi1+El'I.H:T[.I) T1115 YF.AIZ FlY T3I111,UING TYI'IS AN[7 S~(;REGATED BY iVCW Oli KEHABILITATEA CON.STRlJGT1DN C;OMMCRCIAL BUZLllINCS ...,....,, ------------ --,..__._.,, ,,. ..---...,-. SQUAI{L FUDTAG~: CUMPt.F,TC:D a mi.xed use projec~ in ihe Dawntcx~m area. 5) Pre~ievelognent ~zase cam~.nced for 17 units of ~aw and mod~rate incar~e hausa.n.g units. 6) Analyze~. the addition o~ 300 spac~s anc3 ground f~,oor retail shops to flawnt,~s,vn Parking Structure No. 6. 1NDUSTR[AL BUII,T)INc~S 2 PUHLIL' BUlLDINGS 3 oTn~.Ii IIUII.DFNC.S q TOTAL SQUARE FQOTAGG b ~~x; ~h~w~Fx{',~`'"^ ~L w v~,...,~ h•o"v",: a: :? .~ c4uu ~v"'L 537f,ia.,a.'~~:;~a~`v s~i„ti c. e~~`yv. ~:. : h'S .,~. ~'t, kx; I:NTF:It Tl[E NUMBER OF JDI3S CRF.ATTD FE~OM TH~ AG~IViTIES OF TIiE AG~:NCY, H:(THF:R AGTl1AI. OR E~TIMATED ~ EIVTIs'fi TI[F. APPROFR[ATE CODES TO INULCATE EACH TYPF. OF f'[~NLIC FAGII.ITiX CQM~I,rTrn TIi1S YEAR TXPF~ COMi'LETED (A_F ONLY 7 `..A. _ I NFW c;oHSrxucr~nrr -0- -0-- -0- -0- -b-- 1 , _._._.._. ..L '.'_. Et1:1tAIlILITATEU -0- -0- -0- _~_ --0- A= UTiLiTEF~ C= LANDSCAPING F: = S'~'Itf:1:T5 & ItUAI)S li = RF,GRF.ATI4N D= SCWCIi & STURM 1~' = IiUS/'l"Ii.AN51T I.GFA SO (REV 7/89) ANNUAL REPORT OF FINANCIAL TR,ANSACTIONS OF COMMIJNITY REDEVELOPMENT AGENCIES AUDIT INFORMATION f WAS Tlif: Ri:PORT PRl;PARFQ FNOM AU4l1TFI) F'[NANC1Ai. AATA~ A~ YES 13 ~ No DID YOU SUI3MIT A COPY A~ rFS l~ ~ ~vo OF TIiE AUDi1'~ I ._.,___._._,_~_....._..~~---~---- [[ IIVDICATE FINANCIAL ------ ---~.,. _............ .. . . . . ... . .. .. . ... . .. .... . ....-°-~--- AUi)IT OPINIOPI /~ X VNQVAi.[PIEti T3 ~ qVALIFIED - C ~ave.asF D DISCLA[MF,R E ~~ AttD[T lNCU]HPI.F.7'F. IF iHE AUUIT OPINION WAS F.XPF.CTF.D CoMPI.E7~oN bATE --._...... ._._ ..................,._,.. _._„----.-- QTHER 7HAN UNQUALlF1ED~ 6TA7'E BRI£FLY TIiE RF.A.90N GfVEN Ili WA3 A COMPI.fANC~ AIJ~~T PERFpK[-~ED IN ACCORDAriTCi: W1TN }{F,,A[,T}~ & SAFF'fY._._..... CODE SECfIQN 33088 1 ANll TilE SFA'FF: CONTROLLCE~'S GUiDELINFS I•'nR GOMPI.IANCE AUDITS~ A ~ YEB D ~ 1Y0 DID YOU SUI3MIT A COPY OF THE hUD3T'~ A aX Yes B~ xo ------.---~-----------._.._ _.__ _. ._. ____.. --~------- -----...-- IV INUICATE COME'LIANCE AUD1T OPINI~N A ~ UNqUALlFSED B ~ POBITfV1rJN~(iATIVE NQ EXCEPTIONS C ~ PO&177YE/AiEQA7'IYE D ~ QUAL[FIED NRTH EXCEPTIOI+iS E ~ ADYEA3E F. ~ D13CI~IMF.R C ~ COMPLIANCI: AUblT EXpECTED CO1NPf.ETION DATE iNCOMr~E rncF o s - STATF. US[: ()NI.Y A uoir 1 PINION 2 OMI'lJANCF: 7 PlN10N 9 --~-----.._.__,. .,_,_..---.._,.., ..._......,.. ..,. __._.. V IF THE: CUMPLIANCE AUUIT WA.S OTI[k',R TIIAN Ql1Al,IFI E:D, 1.[ST IiF.L4W Tf~F, CODF Sf:CT103V W1TEI W1IiC~! TIIC AGI~'.NCY WA5 NUT 1N COMPLIANCE CAMI'LIAAfCF; AUhIT GUIUC 5LG"fION ~^~----~~- W.S_.~.. o ~ ---- ----- -~-~ --~ ---.--«.._ ..._ ~~a _ _. ~~ ._ ~_. HEA4TT1 ~ 3AFE'i'Y CODE ~C~ (fiF.F, GVIDF.• .- - --- ~{~7} -~-- - - LINFS FOR COMPLIANCE (T~ ~ AVblTB M!R CODF. SF.C- ~S~ ---.._~_. __.,.__.,.... .-- - TIONS } ~ CS)} d0V'T CUDE _......_ {lO} LGPA 80 (R£V 7/89} -- -- I3ALANCE S~-I~ET AG~NCY NAME Redevelopment Agency of the City_of _San~a_.Monzca -----.--.----- N PAGE 0 4 FIBCALYE/~RENbED 3une 30 ,~0 9~ __.._ ~ ~ r~ ~ ~ _..__----.. _.._ ... _...r~..-- -~-------. i.~ ~-- ._....__. i -u -- CAPI'CAL I)k.8i I.OW/M4DEIt11'1'E SYF,(.IAI. GF.NE[tAl. GFNFItAL ASSH;TS Rs O'i'F~ER DElli7'S PROSF~C7'S SERVICE 1NC0SiSE IIOlIS1NG REVF.NUFJOTIIRS IANG Tl.RM Fi]KEII TOTAL FUN0.5 FUNUIS F[1ND3 FfINA4 !•~!!= as~cvTc (MEMORANnU1N ONLI) casx & ia~rsxsr c~i~ --- - 1-0_S_, , .-----...07 037 S .. -----._._........---......_..---~ . S 1, 027, 836 g --- ------------...._.._..._ -~---._...---..._- $ 1 434 873 , ....- '---'--~--.. CAS1i VVITii FISCAL AGENT 2 0 2. 665,156 _ ...,...2.665.156 'FA\ INCIiEtdEHTS RECEIVABLE 3 0 287, 539 287, 539 ACCOUNTS RECESVABLE -..._...... _...___.-- A O -------- - ..._...__._.__.. ------_. _ -- .__.., ...., .. . . . _. ._.__._.._..- -- . ACCRUEb [NTf1tFS7 RECF.IYA6LF: 5 D 4, 597 4, 597 fAAN3 B~CEIVABLE 6 O CONTAACT3 RECEIYA8IE ~ O 1.EASF, PAYMFNTS AECEIVAIILE B 4 I~ ~ 990 ~ 000 ___ S 11 ~ 9~~ ~{~ ~~ UNEARNEU FINANCF, CIIARGE --_.___,_.__.._ ..~....._._ 9 O ~-~ -~.-.. ____,.........._.~...._---..,,.._..__._..._.~_~-------~----- DUF. FROM CAPl7AL P4tWF.fT6 FUND _.__ _ , ._..,.. ....... . _- 10 O --_._--- -~... -----. ._ plf~ F'AOM DBAT 6ERVICE ~'SJN~ _ a 1 0 .....~... .. .._.._..,...,._ ....................~.__..~_...,..._...._._..._..__....,~-----. ~ .._..----~--- • --..,...... ..,,. DLSF, FAOIK 1.OW/l40bERATE 1NCOME HOUSSNG F'[1ND I Z O - ---~- --......__,..._.,. .----- ---- -- - --.. ....., . DUE FROM SPECIAL BEVENUFJOT}IER FUNDB f 3 O [NYF.'~TNENI'S_ __ ~4 U , . ..,-,----.---- o~raER wss~is --_ _ _..~--- - - 1 S O -- -.._.--~-----------•------ -----,_.,_...,.. , _ ,. .. _ , .. „-_ lNVFSTi`IF.NT I.AND lIELD FDR RESAl.~ ~ 6 O _ •---- -..---.. ,_._. ALWWANC,E FDR aECLINE IN VALU~ OF IANU HELD FbR AFSAfE I 6 ~ ~ -------._.__._---- '--~----..._....._., . , , FIaFD ASSFTS LAND, STRUCTt)NFS k IIKPROVEG[EH7'S I ~ ~ EQU[PMF.TT 18 O AMOIIIvT AVAII.Jl~11.F fN I)P'IST $F.RViCF. FUND ~ 19 ~ PROVIDF.D MlA AhdOlt]V'i' 7U lSF, PAYMF,NT OF lANGTERM bF,6T ~Q O r ~' j ~ i TOTAL ASSETS a OTHER DFBRS ce+usr eQv~~. PAGF.04, urre ~a) 21 o S~.~, 689,173 S 2. 665,156 S 1., 027, 836 S S_~_. _, • E.c,En ~~~ Ui~.v srno) ~ S ----2.. &6 s,.156 33,173,779 S _.___ .S52,2~1,100_ _ E3A[:AN~H; SI~F,FT AGEiVCY NAME ~~velog~nt en _._of, the Cify of Sant~ t~onica PAGis ~ U~ 4~ h r~5c:nt, rxa~ exo~:n .!~L]L~?.e 3Q ---- i$ 9~. _ _.-. .._._.__. . .. . .... ._ . . y.~nr~n.~Ttrs R,, oTE~ .._..__~_. .. _ .._ . ~SR CKFI~ITS P~_ ..-- -~ --. C,ATITAI. 1"ROJF:C7S i.:~ - _~"' ~ , ...._.._..._._.... .. .. . . ..____.._. . . -~---~~- , ~ ---1 -~ D£Itt' L(?W/MO~~;RAT{ SPF.CfAL SERVICE ' ' ~ ~ _ ----._....... f- .'. GF:Nf'RAL ' . . .... ..... . . __I__~ [ r --~--- ~ GF:NF.8A1. 1NL OSNF. EIOUSIN(: R F,VF.NVEJO] I1F:H f.ONC TF,RM F'l1CEb T{1TA2. -~--...... . . ---~-~-------. ..--- F[]ND5 --- --~--... FI,fNDS FI31VU3 ___.._.._...___.. . .---~-- ..... . ....... Fl1N[15 ...... .---~-- bF_ nr ecccTC (p[EMOF~ANUUh[ OIVI.Y) ACCUIl~S I~AYAaLE . _,. , _ .,._ .....,..___~_. 22 0$ - _ 1.73 ~ 524 $ ..,- °---- -5--°--- , ....---.... .. s.__ ---... „ , 5, 17 3 ~ 524 1NTRRFST PAYA6LE ------..... _,_, _._...,_..... ...,_._.._.,.__., 2$ 0 ,, . _...... ,.--------°-- . ,...,..,,---.___-.. , S 7AJI ANTIC.11'ATiOM .,...,-~-- -,° ._.__.. ~--- ----..,.__.., NOTFS PAYhE3LF. 24 4 IAANS PAYAF4I.F. Z5 0 OT[lF.RTTARIf.ITlF.S _, _,.---._._._.. 260 .,_..---- ~.l 99~ ~0~ ± ---~ -- - . ..,_.. °---....---.._..... .,... _,..-. -..... ....., _..,.,,.,_, , 1~,,,990,000 ~ae ro cnriTni. ._..__ ..-..., ra~.recT~ Fur~U --- ----..... ... . . _ ..---- 27 O - _..., . , uoe To i,enr _..._ . ,. .. . ......----..-.- -..,......_ SF.RYICF. FLfND - -... _ 2S Q 1~LIE t0 I.OW/~f06F,ItATE , .-'--'--.._.. , . .. .- _..,.. ..... . . ....... .- --- ,,.., . ,..------ ~ --~ . , _. °-~--"-- -' .. INCOMF.IIOS]SiNGFIIlID .-..-- -- --- --' --" -- - 24O . , f)IIF. T(? 4!`FS'IAF. , , . . . .. .._.__. - ~_......... .----- ~ .. . . , ..._._.....---'- -~-~_ ..... HF:VF:NUFJOTEIF.R FIINfYS ..._ ._ .. ---- -~ ------- --' 3~O - YA.1 A] IAt:A71qN --~ _ noNUS rntnf3u: 31 0 . r' ~ 8 590 OQO IF.ASF. RF.VF'NVF RONDS/CF,RTIFI , ~ ~ ~ " ' r.•ni Fs n~ rnxrrr«'A7fON PAYAULF. _.._.----- ~ ------~--- _ 32 0 • .- ~---- - --~- - . . . . , . 11 990 000 , r - ----' . OTIlF.A IANG TERbI pF.BT 33 ~~ ~/ ~' 15,258,935 7'U'~'AL LlA1f1LIT1F~ & ' ' ---° - --- -~-~ oTiir:K cuF:nITS 34 0$ 12 153 524 S S s ` ' S 48 002 459 ,_ _., --- -- •- - _L _.r _ , , ! r~~'1 I II ti . ~titir:.iMr~i ~ti~~~ti~k~~ ~xFO n.~.sess ~ RFSERYF,D ~rnrn n~~r-tv UNAtSF:RVF.b ~vNn n~ux UNBF.SERVF,D TOTAE. EQUIT (Ml1FT EQ rar~u ue~ei CREDITS 8 1~[SFA AO [KF: S .~. . , . . .. . _....._- 36d S $ 2, 6G5, ~5fi S . E - -, ._.._, , .. . ,. .. _. .. ,... _ .._._.. ... _,.,.-- . . . ..---_..-- _.. -DESIGNATED 3) ~ 5z51649 1 027 836 CE -- - ,. . , T_....,,....._. _ ,, ... UFfIfFSiGNA7F.U -'-- ,_... ... .,,..------_ 38 0 ..,...,., ,-~------ ~F9 VAL PAaE US. 1JNE St) 39 0 .. 5Z5 649 S - _..--'--.. ,._...-- 2 665 1~ $ r -~6 ---..........-- S 1 r ~~~, $3~7 ---..-,_.., S imes & orH~a oURiES 400 S 12 6B9 I73 S2r665~J.56 S 1~027f836 . E g _ .S s ---... 2,G65,156 ~-- ~ r 553 ~ 485.._.. _ g _ ; 4,27.8,641. s-- -, -- ' ~ s .. -.. __s 52,221,100 R~develo~~n~ Agency of the City 1tVCOM~ STATEMENT - CONSOLIDATED AGENCY NAME of Santa r'bnica PAGE 0 5 ----...._---~----._._.---~- -~----..._ FISCAL Yf.AR EN[7F.D . .... ~~~ 3~ .10 ~L . . _. -- -- -- ~~ i~ c f ii ~F- . . ~ ...,. -- RF.VF~Yf1F5 ._. ,__,_,_.._... --.-.--°°__._._..--------.-- rnx iNCrs~:Menrr ! 0 RF - CAl'ITAL rRaECSS NDS _,-. _ .. .... ~. ...°--~•------ 2, 765 ~943 S -.____..__......... DF.IST ~~~~~~ SERVICF. F'ifN~s S fAW%1~4DDERATF ~ ~ INCOMF,110USiri(i • FIRJDfi ~-~----.,., .... _..__.....----- s - ------ ~.,..,.... REVENUFJ07'HE8 ~~NDS 5 ''"''•' 2 765 943 + SPECIAL SUPPI.,EMENTAL SUBVENTIQ '~ 0 _... -- --,.. .. .. .____. ---.-- ---. ....,_._..., .......,,.._.__J _.,-. PROPERTY ASSFSSA18NI5 S O snt.e.s +~ t~s~e tn.x 4 0 , N31ENF OCCUnANCY TAX iRA _....,_..__......,...,,.._.....-- 4 1 IN7L~RfSTINCOMF _ 60 274,865 --._..._,_ ..............- ----_._._._...,..._. ...._....-- 47,565 ----°- 322,430 REN'FAL INCOME G O ~r+s~ rNCO~e 7 U 1,1$9 ~ 705 ~ - ---....---_..._. _..._.~..~ 1 1$9 705 ~ SALE OF RF.AL FS?A7~ S O ._ --- GAINON i.AND ilE1.D FbR RESAI.E 8 1 °-----,.._.._.... _.._..... -----,._. .,_ .................. ...._,_.., .__...---°-~--- FEDERAL (iMNTB 4 0 GRANTS PR06[ OTlIER AGENCIFB I O O AONb ApM1N1SYRA7IVF F'EES ~ L 0 OTiiF.R RF,VF.NlIT,S ~`~ q TnTALREVENUE.S 430 4,z30,513 47~555 4r278~07$ IXW }%}~ntlss As+}'Sn r},tl~ +h~riti~yti'r n ~ ~{} r y i ~rrh 4 r Kr~.} ~$:n . . . . ~xrrnrniTVRFS nutN~srxr-r~oxcosrs !1 . . . x 'v .. ,.: ~v^' ,. hk ry .~~~ 140 v. n. ~n ~} ~ +i.v ..[- ~h fv.z.u s krn v{`{ .~..urV+ h ~ .. z .h} 24} i.2~~ M1~Y} ~'S'~` •' Y i Y +i'4r...~' ~ ~~~ x ~$ ~ •r ~ v wY >. 836~495 $ ~. 4 ~, 4y ~. ~ ~.~~H `r~4 • ,t,. ''Y~ • h JxA4.w:an,4. n .}y;' n .i. ssAe^ i#.~~ ~'Kr,m[,...~ ~ :~ n • ~Y `i"S"vi.~d2 kVt*.h`'.},ri4r• ,. .,.. ,. n nrv n~aii . ~. ;+~ai.. }+~r ~ +C)% { .y ..wi:ryh~ ~~ ~ } s ?h v N j~ .~i } ~ . a}} kr ~ {~ K. v y,iry v.Y ' i • i~ h"Sdt;~r~ ~~..~{uru. Z s,^•• ~.rz n• ~yj+ ..' ,;n i k. . .. v~ i~ ` y+~~ ,p. . ~ • ~i.z rv #~f~~ t ~•n. ~~ ,x;,,~.~py5~~`,~v:~=~4.:n i~ +3~ Jlk ~ i.~ }'.J;~~ ~ }~.Y~' 4 }~4.sM1 ~ 'n ie {r ~ • : v ry "' " n1YS4.4nyn.rn.inrth~,.f7Sku al~S~s^:x'd•x:1Y.:xci.'i~.:::7~i.i.~.~:.I:.R:i.' ....:~~i.:......:..~1:.`..~..~...a~~~w~~i~iri~.iii~ u:~.}~,iw:iii~ uu. ' " $ ~ g $38,495 S . _.. . .. . .,..__._..., .... ---_ 1'ROFESSIONALSERVlCES _..~------~•-----_.----- 16U -•. __ _ _ _,._.._., ---~^~ ~ ~~~ PLAM~INO, SUItV~Y 8e D£SiGN 1 Q O _ ' ____ BEAL FSTAFE PUI[CI[ASES LT O EXP~TiDITURt:S SUB-7'OTAL ~(CARRY TO I.iNE 18) (1 a o) $ 854 995 $ S S 5 85~ 995 • ~ ----.__,.._....,... ..._,.--'--- .. . . . ~ .f 9 y r -- -. _._._-__-~-----------. _.._. .. -- ri to crn~,s~~re con.nst~ru~r , ~ ~xa~iouzsts orLe Z1t ~Ii@ Lpip Q'I~(t MO(L('1'QCB ITtC07tLC IIQUSiT re r~ . artmc~n,t a ldoteaa.rt arut Gornnttcnt[ IJ~~elo rrriert~ vrb SchdeciuLe.s HCU ~~~~ should forr-r, fhe basrs for fJcp ta ortpd to t7r,e .. . --J ~ - - . -A a.nd HCU-C. .. ....._..._... --~--- -....-- -~ -- -~.__ . .. -..--- ------- ,....__. IfiFn t~ (KEV :~n) - . .. Redevel4gnent ~lgency of the City iNCOME; STATFM1:i11T - COi1iSQLIDATCU ACL~NCY NAMC of Sani-a Mnn~c-a PAGF Q 5 FISCAL YEAR ENllED J~ne 30 ~p 91 n c ~~-~:~- CAPITAL EXPRNDITIIR~S(CON'T~ PROJEC[6 . . DFItT- . .. ... . BERVICE _.._.. . IAW%k1pDFi~ATF. INCOME F14USiNC ..... .. SFF:CIAI. HEVENUFJUTElE:R . . ..... _.. . . . ._ .. _. ... . _ TOTAL FUN[~ FlfND3 t FUNllS }ZfNU3 SUB TQ'IAI. tFROM I.INT lA) C 19 o S ---8.5~ 99~,--~--,., _....,. $_...., _ ... $ 5 $ 8 ~4 9~~ r ...,._, ._.._. , _...._.., .., .. ,. „ . ..._ ., . , , . ~ ---,.__,_ ,. ACQLIISITION F.XPF.NSE 20 O OPERAT[Oi~I OF ACQTJIRED PR01'F.RTY Z ~ O RF.f.OCATIOh COSTS 22 n HELOC'ATJON !'AYASEN7S . ,,.1~ O .- --- ---- 2 ~ 14.5 ._. _.... .. ., ..._,, ._ ,.,....,._..---- ,....,. .... ...,, . , , _., -~ --~--. ..._ . . 2 145 . _,., .__,..., .. . J_..._. .._...- - SiTf: CLFA]tAT3CF., CO5'i'S . . ., .-r._ _.. ._... ....._ ......... . ....... . ... .. `~~ 0 ......... ......_.......,. ._..-~-'------~----- -----~--- f'R~.TECT IMPitOV£.MEN'r/ 53 1~2 - ~rj ~~0 - ----°--'--- 148 11~ CONSTRUCTION C(75T5 2~ Q ~ - ~ DISPOSAS. CIhSTF. ,. ... , . . ~R A ~F W3,5 ON blSPOSITION _,... . _,.,.... _ .._..,--~--~----.... ......,__ -~ -~----~--~--- ----~-°---- ---- --- ----- --- ----- . --- ..... . ,. , I.AHip IIF,LD FOR RFSAI~: ., _, _ ..... ...... ............ .....,.., . ... ..., ,., , ., . 2G 1 , UECLI NEINVALUEOF , ., , .. ._.... . ......_ . .,._..._.. ---- -- - - --,_..........._,.,_..,,.._...._~-- - ._,...,... _....__.._.__. .,.._,._ ........... ...... I.ANA IfF.l.b FOR RFSAI.F;. ... ._ . 26 2 RF.I3ADILITATIUN C03TS 27.U RF.}IADILI TATiON GRAM'S ZA O lNTf:RFRTF.7CPF.NSF. 290 ~l~g~i9S~ Z~172~Z32 3,262i~1~] F1XED ASS$T ACQUISiTIONS ~ __._._...-- 3U 0 SUUSIDIFSTb lAW d~ ~-----.__, .._-...__.._ --- -~-~--°--~---...,....,._--,_.._.,.._.-.,. 687, 807 ~,._,_...-~---...._...,,.._.,. .,. , .... _. ,.,.----------._.._.. 6$7 $~~] MADF,RAT[; INGOME ii0UF1NG 31 0 r n~nr tss~,v~ce costs 31 i OT1IfiR F'.XpI;NIJITUAFS ---- -- ~~ 0 -------._..~.._..._... _.__-__ .. . 1)EIfT PRINCIPAi. PAYMRN'I'S: ... ........ ..... .. ,,. ,,.. , ......... .........._. _ .... ., . ......,..._._....,._._.. -..__. ,,. .., ._....._ , _ ._...__.....----~ ---- ------ -.._....... ... _._--.- 7A.K AF.IACATJON I30Nq3 !4 NQTES ... ........ . . . ... .. -~--~---_ ._ sa o 95, 000 95,Q00 . . ... . . .. _. --- REYF.NUF: 80NU5 & CERTIFICATFS .._..... --------~---..__._...__.._.._._.---._. . , ... _....... ._......_.._. .._ ,._ _....__„_ ..... ---.---- _ _ . - ._,.,.. .__..., .... .. . ,. _ ,.,. ... ___ OF ~ARiiCIPnF10N 34 0 330, 000 330 r00Q G13Y/COUNTY ~ --.-_-.-,. _.. .._.._.__, , ...... .. . ... ... . . ...----~-.,_.... , ADVANC~S FS IAANS ---°--- 3Fi 0 --~-----~ --- . -- U S, STATF., A~ OTAF.R -._.._.,_,. _._.__._,,._, .,,,--- ......,~_...__._,_.... _.....---~--- ------- .._...,. , . .._.. .------°---- - IANG T$RM DE~T 3G O TUTAL I;XE'F",NL}1Tf31tFS 37 0 $ 2 OOn 237 $ 2 597 232 S 782 807 S S 5 380 276 --- -- ri o-•de~- to ensure consrsten ' U~e aanourtGs z. orre.d zn Che l.oiii nrad Moderiiie Iri.cam.e ~~ ~~~ ~ ~ cJ, ~ lioerscng ~~r.n~# sh~~4r,l.~~,j`orin lhe. 1~R,siF,~rir the cr.[a rtsrrn'f_etL to t)ie Dct~r~rt~r+.en,t of Hovs~Lnn n~rl ('{ ~_ :_'Ly Ih±ve.l.o ~»tPn.t ovt ,Sch~lv~uLes ,lICD-A attd ifCIJ _C_ . . , .. , .,..._.,---- - I.GFA AO (REV S/9n) ~a~~~io~t Ag~~ of tn~ c~~y ~INCOME 5I'ATEMENT - CONSOLIDATED AGENCY NAME of Santa Manica FlSCAL YEAIt ENbEU Jurie 30 ,19 91 PAGE .0 .._5.. . _ ~ ---------~---•----------------•- -... B . . ~. (' v _ ~ ~' _. ._ . _ CAPITAL . ,_. -- _. DEB~ IAW/MUDERATE ---- - SPk.C1AL - ---------..... .-- -- EXPENDITURF.S 1~'~I PROJECl'8 SEitV1CF. INC0IIE IIOU6INC RF.VF;NVF./OTIfF.R TOTAI. F[TNI)S FUNI13 • FUNDS FVNUS F7CCFS,S (DF.F1C{FNCY R~VFNUFS UVf:R UNDER EXPENDITURES 38 0 ~ ? 2 ~. 102 ].98 i W~s ~ ' ~ x. Y % ~*6i nfxw ,Y q~, ~~, , W • . y:. .wa ~r .#3~+~` ~tt+' i~ . g K~,.. ,,:,~, ,CV~+ Tv E~4 ~ 'G.x ~evn s1~ Y'~'Y4;Y~y~~:~^M+~r~ ~'4y.r}~W vv~~Y..,. . ir ,.:~ry O } }k } K ,;.,y, .,~ •iSrv ~Y", h~ "}~ ~ v.....~vr.rrv~sih"'Si'i'S Y..r r ] Mr. K y . Y . . k .+~d. ~ r~;Cr .~.~n nr¢..r.~'.Y ,. .,.,.r,.,.,.nux4;~ ,.:~~~ tNr ,.'~ v i +Wv H v rK-YL •~`[• ^"hs 'i~~{yr swsrn nr ~r~svrx ~ . ++..h ~ ~Sx, ~.}irti hs K ~~N r. r ~fY.# '} ai,h. ~. nri+ '~ ~tYr~t.L ra+d.~1n.~: ~.{ 4R-04sis } Y %tri4 'Li'~i'V:v'ii C"s v. k~ . J 077dF•R FI]VANCINC SOUItCF,S (USES) PROCEEDS OF IANC-TER31 D£BT 39 O PROCE~US OF AEfUNDINb B6Nb8 - -~-----------. _..._- S9 1 ~_ .__ .•_ - !'AYLfEN'f i0 REFIJNDED ~OND . , -- -~ .. .......__....,... -~----..._._._... _.. -°-•----~-----°--- ~SCROW AG~N1' S$ Z ~_ _......,,_..._...~.._.....~, .,~...__ ~ AUYANCFB FRUY C17Y/COUNl']1 ~D.d 5aa 4~.0 sn~e a~ ~tx~b ,~ss~rs .._~ m____._ ...._...__---- 41 0 ...----- --.. - - M19CEIJ.ANEOU6 FINANcING ----. . °-•---- . __,__....,---,-.--. - _ sauaces (osFS) .. . . 41 1 _ _ _._ _ OPEMTfNG TRANSFERS 1N 42 0 ----•---- ._..._..__.._...__.~._ 3, ~33, 7fi2 -- 3,1.33, 7Fi2 TAKINCREMENTTRANSFEEISIN }f C{~~ rt MY. % ~if~ .~^~ uv u . x`?" ho-~.e, x,,.•.,.. . .., ~k })i '{~5+ ~v r~A Yw y r.. < A ~ ~ ~ ' v,.. ~t '0%/`~:L pv \.h . :omv~ o~~;rt~` x~~s~ ,~~~,~~#"~ 9fk h:.v~ . x ~ > ~~ ~> ~ ~' '~ 20 609 . v~'"`•c;~'i°.~.~>• ' •'~ , ~ AL vti W~h4~ lf 1+ r . > h n ,. ,> { ' 20 b09 (IAw&MOffIlOlTSIN(iFUND) ~"'.,..""~~„~,...., 421 ~.~~. , ~. ~f~ , ~~ v fuA <~ ~i~o-,,',ggW~~••~"nr~>k•. ~? " i•. ry 6'..m.dt.Vl.::..._:...' ,,. n . ;•~ r : ;,~ ^,^' dY^~. ~ ~ , , . . s:~ ~ v n .~ ,w,.v...> ;;r'~`h~,~ o " ~ -~.~`. tt. a v{+~' ~ oPexr-ttwa rwuvsFens our ~...._.._, _. . .43 8 _(_ 2 968 747 _~__....-.------.----..).. ~_ 21968 7~7 TAX INCREMEN7 TRAN5FER40UT 620 609 h# ;s,,~;+±?^'4'i,,`,:, ~} A~{~;,~~«'°`u i2 ~ % ¢ 620 609 (TO IAW & 1lOD HOUSlNG FUND) 4a ~ , K ~,,;f ~,• n<t~~ {y'y+^~i n'h4Y : 3~<:s'.<.{: <'~'a / TQTAL- AT~tER FINANC~NG SO[1RCES USF~S) 44 0 $ (3rQ$g ~~6 $ 3 133 752 $ 620 609 S 665 425 i`i 9'^ {...v~k.p~~rM.N N/'~$~' ~~~ '~~y~ ~-[~~' }+~ Y:~/^' ^$ } .u~n. i ~f. ~} 3' "} S.ti ' S` .'E $ ~~pt~K ~~CA~ r sw J i4h'~~i` G x~¢n'~v~ Wt } A ~ ~ Klr'x K h a.n~[ }.`~ y~5~e5~~~~4 h ~ ~' ~6i<' h rh v iS2 ~r~C 1 k' yW 3^t"^~ i 1C X ]N Kr v +~L~ {, ry~. ~y ~rH h+'W2dw ,4. ~ } *+~~+t~t ~ . Fvf ry rh rvi f i r ~ } h.af5 %~y'A~f .}~.~ ~~~~~~^~Y ~` ~^Sf+>w ~ i. 2 ~W ai ~~ ~~$b'J ~'" ~~ % .~~.~,G. {.s ~ i~i`S rY~[i~~/v+Y ~: vW~ms3:n~ hi~} }hi X v~• iiifvri}}Y tiry '~ ~ ~ ~ ~~} fi •q{.. ,2 i~xv ~ { •1~3'~.;{:~u:S.Q~j~.~i,~i..Y/~.. i L t~.~ ~ ~ f« 4r {,. ..~~'t~..~ ~/fi ~sv s~m.C~{}.dv'e y, } ~i. ~ . . ,, + . n+ } n . v v.r n 5 ~ F.XCF.,SS (ARFIClF,NCY) aF REVF.NUF,S 2 i • ~ r . . , . . { ti 'S ~ 4]Y n iv . } } 4 #t Yr b' . ,...,f ,f s.' .d...,t. ~.4 k ik,i vh4} 113 k. + .+fGY ff sG ~v,.~ r~ v ~y1 s~ 2~ •. v ,.t.kr ,5.,.u.n,. ,. ..w.,. . ... {i. n & fY,17f,ER FTN.~lNCING SOURCES aVER FXPF.ND1TilRF.S 3e 077fEIt FINANCING us~s (L[N~ 99 + LFM; 44) 9b 0 S 858 67p $ 6 530 S 14 $ S EQUITY, E3EGINNINGOFPF.RIOD 4so $ 1,384,319 ~ S 2,].28,62b ~ 1,142,469 $ ---- $- 4,655,4~.4 ADJUSTMF.N7'S: PRIOR P6SIOD AU1lT67MEN'C9 4 T 0 RFSibUAL EQUITY TRAN8FER3 48 0 orH~R - (exr~r-tt~ 99 0 50 0 EQU~TY, ~NU GH' Y~klOb {!d[f9T S4UAL FAGE 04, LINE 38) b1 0 S J~JA i 6~~ $ 2 665 ~56 r q ~. ~27 83~ $ $ a 21~ ~41 I.cFn en IRFV srnR? te~n.cy' the arnounts ortPd [n clit~ Low atut Mrxlertzt¢ Incrnne /fns~sang a.rad HCI)-~ ~ * ~ ~ 1~1 21' -~_ . _.. ~l__... lOI? ._. _.. _...._ ._.,... _ ~nrt sler~u[d jarm ~he basts jcrr die-'~ da~vrLec~ he~~ arlment Ifo~wsrn mul Comtnan{t Ue~~e naen[ on Schd~drele.s IICl1-A .__._ ...... .......---..-- - ~ , ASSF.SSED VALUATIUNS - AND - TAX INCfi.F~MENT R~VI~,NUf~ Sc:[u.uu~.i. U-N Recievelopm~it 1Lgency of t-he City AGF.N('.Y NAMi~', of Sar~ta MOIl1Cd PAGI~ 3 1 FSSCAL YF.AR F.NDF.1) June 30 ~o. 9I .. . _ , ...._ ..... ...... . .. .. .. ... .. .... .... ... . _.. ----..... ,... _.., ,_...._ . ~ ASSESSED V~lI,UATION I)~17A A l~ ' .(; S~[;UR.L~I) [fNSE[',111tBU TUTAL rizoa.~N ~~ns~~, nssi,sst.~> vn~.[fnriont i.o 5 S 5 55,.262, 482 IIVCREMLNT ASSIS5I.D VALUAT14tV 2 0 208, 753, 926 ro~rA~, nssr~sr.n vAi.uA'E'~u~ ~.~ S 258, 598, 400 s 5, 4~,8, 0~8 5 264, 016, 408 TAX INCREMENT REVENUES _,..._~.~... . ~:. ~l~.se. -- _ l ,!r 1 ~ ~ AMUUNTS YAIU TQ'~A7CIiJG AGENCIF~ . . ..,m., --- ... ---.~_. ii~:nr.Tll & fiAl~ir1'Y i;Ob1~ III:AL'i'll & 3A~E:TY [:(fl)!; ~ v.~r,~.,.~.,~.T_ ..,,,.__~.~... ..., .. . PUEtSUANT TO 8F~'I'ION A7~Dl SE?C'fION 3~G7fi T()TAL COIJNTY C[TiES SC~l04[. DIS7'RiC7'S COMMUi~II'!'Y Caf.LF,GE DIS7'RIC7'S SPECfAI. T)I3I'RIGTS ALL OTfiE:Ft A(;~NCI~S 4.0 $ $ $ 5.0 f-.4 --------•..~._.. ,.....,_?.1~ .. ..,....----- --~---.._...._.- ------~---~---~------ ----....._.. _..---- --~---._..._ .. ..._ _ . ........ _...--~ ---~- 80 94 TUTA1. I'AI[) TU TAXfN{3 A(a1:N(ill~,5 l(l.i~ S TAX tNCIt~:MENT AVAII.ABI.E ~ ~ F'(}R REUEVELUI'MENT E'U3tE'USE:.S f1.0~ $ TOTA1, TAX 1NCRFMFNT Al.IACATED 12.U s ~ ~.cF~ eo (xev T~o1 ANNUAL R~~'ORT UF FINANCIAL TRANSACTIONS OF COMMUNITY RE~~VELOPMENT AGENClES PROJECT AREA R~E'ORT 1'~tUJh:(."i' ARl:A COVER SI1EhT PAGC 0 1 ~^ 3'CA'CE i75F. ONLY .. __. ... _ _.._ ..... .... _ ___...,. . . .. . REVI E9VED CLEARF.D PI.F,ASF, PItOVIi)F. A f~R1El~ b~'.SCEtII'T~UN OI~ TEII: A(,TIVITIFS FOR TIIES PROJF,CT ARF,A, ~UR[NCn TI~E RLI'ORTING YF.Ali. The Darntawn Project was appraved by the Sant.a .1~'k~].~~ .C~t~..S'i.lI~I1C~.~ ~...,T8T1u~ 1 3..r 197~~~e ~ro~~ct cvn~.ains 10 acres and a~s bounded~i Second and ~'ourth Streets~_Broadwa~and CoZorada Avenues. It contains a regional shopping centex, Santa Nl~i.ca P1ace, of_570,000 scx. ft. wi~h tw~o ma~or _._._,..., departirient store anchors.._.and more than ~60 st~e~ial~y s~iops. 'Ihe Ac{ency solci„_$14~470,000 0~ Dow~-itown__.__ Redeve~o~neazt Pro7ect .Parking. ~,~ase Re~r~ue Bonc~s.._._ i.n 1978 to finance constnx:tion of t~ garages providinc~,020 paxkinq s~aces for the ~rc~~~, S'dATE USE ONLY PR03KT RREA ID# P1.~ASE AFFIX IABEL M'D CORRECT IF NECES3ARY AGENCY AND PROIECT ARFA NM~AE 13845U21 ^OWI~ITON~d FRUJk~CT ARk.A ~2E~~V~LUI'ME~1'C AGk:NCY Ot' THE CiTY Ur'~~-~ SANTA NkpN1 CA DATE PRUJECT ARh:A WAS ~'1'AI3LLS[i~ll c-~-oavn (1) 1 - 13 - 75 ,, ,,., ., ._ ,_.. .. ...__...,_..,_._.__.... __._..,._. MOST REC~:NT DAT[~. ['IiOJI:CI' ARF•A WAS AM ENUF.D ~FU,~-o~ vvl 2 - - MUST iiEGF.NT DATF f'AOJF.GT ..- ---. _ .,. ,,...., .,_ ._„ . ... .... .. ... .. . .. _ .,_„ ..... _ ,,, AREl1 WAS M~ItGEi~ ~ oo rvl_.-3.._ .- - - -~-----..._ ................--~--•- N:SITMATE;U COMPL~,'TION UATE (YEAR ONLY~ 4 ~g8a ~:ST'ABLISIiEf~ LIMlT FUR I30NI)F'.1) ~Nn~:eTF~~FS.s (~~ n~~r.~cn~~.r) HEALTH AND SAFETY CODE SECTION 3]334 a tv/1~ B Z ESTAAI.ISI~E1) LIMtT HUK I'AX 1NCK~:MEN'f REVENUES (1F APl'LICABLE) HE~ITH AND SAFETY CODE SECiION 33333 2 ANO 3333~ 4 ~.25 ~ 300 ~ OOQ ; ,,...^. ,. ,~._ .. ..,._........._. .... _,...,... _...,..,..,,,._..,. SI7.E OF P1tOJEGT AE~LA IN AC1tI,5 7 10 PF.RCF;NTAGF. OF [..AND VACANT AT TIIi: 11VCE1'TION OF TI[E P[{OJI:(:T ARF,A HE/~LTH AND SAFE[Y CODE SECIlOrr 33320 1 (xx X~`] B ~ ~ 70 --- PEI~CENTAC:E: UF LAND [)I.VF[APFD AT - - -•----- ----- TEIF. INCF,P'I'ION OF TI1~ 1'HUJEGT ARE:A ~OO O HEALTFI AN~ SAFESV CODE SEC110N 35320 1 ~X7C R%~ g • ~ OB.tECf1VF5 OF TtiF I'IZOJI.GT AR~:A AS SIsT f~'[)R'C1I IN Tlf .F, I;ROJECT 10 C ..._._., ------...--- -..----~---.._...._._ /1~.N'./~ PI.I~H R e RESIDENiIAI ~EN1ER 1HE APAROPRUYE CODE~S~ I = MDUSTRUII T~... .. IN SEOUEhICE AS SHUVYNJ C = COIM4ERCIAL P = PUBUC ~ O - OTHER LGpMao (uF;v S/ea3 1NCOI~iE STATEMENT ACENCY NAME _Redevel.o~n~ ~gency._of the Ci~_o~ Sant,a A?kinica PACE 0 5 - ~---.._ .. _. _ ~ PROJEG"f Af{EA NAME L)oHmtcx~m__~'ro '7ect _._ ...----. _.. -• - ~---.. . __ ._..... FlSCAL YF.AR ENDF.D _..-~L~~,,,..~~_,,.. ....-~IA J.L -•.,..-~---....._ _._~_..._ K.I~iVENUF~ f A __~---.-._.,.- cnr~rn~, PRWEC7'S FUNFlS ! li- _...~_.~-- - pF.AT 6ERVICF. F'UND5 C -.....- --- ---..., tauwran~ur.ltATR INGO~SF FIOZ]SIl+fd ' euivla: ~f ,,. ------~-~--.,.,. ..,,_, sr`-.=_'_ RF•VF:NUFJnTFi£R ~1Nn~ F .._. ,..----. ... TOTAI. TAX I NCR~MENT SPF~CLALSUPPI.EL[Et1TAL8l[HYE~11'[O!7 1 0 2 0 S 1 i {)~~LFJr ~ ~' - S - -°--- --. _ ,,._ $ ._ ., _ .. ,,--- -,,., S ..., ... _.-- --.. ,~__ s Q 2 V.~~.+.L,~ , _ PROF'E8TY ASSE89MENT3 3 ~ SALES A ITSF. TA.~ 4,0 TRANSIENT4CCUPANCYTAX._ q„~ -- -,. . . - -, INTF.BFST INCOMF. ~j Q •..,._ , . ~81- ~ 71Z . . _~__.....- • --.._, 19 ~~2]. ------..,.._-. ----- 201,133 RENTALINCOME G A LEA3E fNCOME - 7 0 ~, X69, 705 i 189 ~o~ 1 . -•-°-„ SAI.E OF REAL FSTAYE - -°- -•-- S O -°- ~_... _,w~... _ -°• --- , .,..,...---~, .,.., ~ -- -._,..__,~...,-- __.. - ~~----~,.,._. ._ _, ._.- ,. ,.._.,_., GAiN ON I.AND FlELD FOR RFSALl: $ I . .- _ .._. ... _~ ___ FRDF,RAL GRANSS ~ ~ . __.. GRANTB FROM OTliF.R AGENCZF~ _^ 10.0 ....-----•-- y ~~ - ------._, _ ..._.,_. .....-~ _ t30ND AaM1N18TRA'fIYE Ft.FS 11 0 _ _ O~'lIFR REVENUF:4 1~ O ~roTn~.r~rv~nr[~r..~ ~~o ~,397,992 19,427. 2,917,413 • ky• ' ~ . . ~ ~ , ymih~A e. v i*Lt .. EXPENI)ITURES ......~ r";i'I~ .}W N v ~~,,~ n ~~}s ~ rVkr ~ Y~"%k ~:r f '~ % Y u Y " } 4 • } .. ; i •,ti ~ .. '. ~~ r v~` s : • y ~ 1' `L l a h . ;~x,,,,, ~, } .., : :M.:u~°~~~ ...~f{~'~° '}, `,~~4..,. ,,~, , ' ' ~ "wi :.'::; ...... ~ ~ •.v f ;~ ~ .. >. ~.~,'~`.;....:,:..:••:e .r ..r.Ch`Y:.....• t.~. . asn}.fY~.:i.~....~.... ,.t' :t*~ .....~...:.,r..... ::1 ~.. ~ ..... .. . ....... ..~f~:~n.:..,,....... ADMIMSTRAYlOiYCOS7s 140 5 ~J~r~$$ 5 S $ ~ 955,688 PROFRSSIONALSEBVICFS ._.......,..-_.,...... ib U _,. S2 ~lSf1 _ _.. _ - - -... r. ------ .... PIANNINO, SURVF.Y 4 DFS[GN 16 O .... __.. . _. .. .--- --- - R£Af. FSTA'CF PURCI[ASF3 - ._,.__- ' I7 U -.°- . --...... - F.%PF.NDITURFS S[IH TOTAL (CARRYTUl.1NEl9? (1a0) S ~64.a~8 S $ 5 S 4Fr1_{l"~R ~ ~,., __...,..----..........._ ~ ~ cracy, J~ n[s reporied ln tlee l.oiai and Moderci.ce~Iricomr. l~oies~~nq 1~~i.nd sknuf,ci fnrm !he basu for Lhe daLa ~~artect o the~iarca~ien,t o fi aPist7~ a~rd Wmmurir.t~ lJ~evedo~me~r.~ on Schctedules I~CD-A ¢rut ffCl1-C .. _ .------ -... ~-- .. ---- -....---- I.GFA 80 (R~:V 5/i10) 1NCU11~E STATEMENT FISCAI, Y'EAR EN[1F.D ~T11Ile 3O AGEiV(;Y NAME PAGE ~ 5 Redeveior~n~_A~ency....Q~~-h~_City_ of sant~ ~r~.ca_..... PRQdECT AI~LA NAM~; Dc~ztcx~m proaec~„_._.____ __ ,. . . , ,.. ...,.----~--~-~- '~N -~~'-- -.._. ~ ----.._.,, , . , , , ----- ~~_.-.. "G~L~'ITAL~~. F.R~'E:NDITI)RE (CON~T~ PNQT~CTR FUNDS _i._...~.. .._ DEE~T'-- 86RYICLC F'[]NDS ,. .. , __.._ ~:- ~~niaa~iur.~vtiia INCOME IIQUSINC • FLJNDS ----..,, .,.,.--- - .,.. .~. .~. SP~.(.fAL.. REVENUFJUTIIF.R FliNl~ .,,._.,._-.__..,-_ +-..,~~... ~ TOTAL sun_ror~t~ (e~to~s rarrF ~e) t 19 U 46~ R 03$ ~ S $ 4~~ ~~$ S _ ACQUfS[TION EJiPEMSE EO O . _..... .....--- ---~........._. _. .--- . ...._. - r. OPLRATION OF ACQ~IBED PROPFRTY Z I O Rk:IACA710N COSTS Z2 O RELOCATION PAVM~:N'CS_. _... ,.._---. -23 (1 2 r..~45 -_. ,........._.__ 2 145. .. . sir~ c~tuNCE cosrs ----...--~~-----..._.. 24 0 ... . --- . . --- -- _._ _ . _ . , PROlECT IMPROY~MF.NT/ caNSrsuc~r~orrcos~s Zg p _ .. ~ 37,093 _.,...,..--- ~ . . .,..._. .. -._. _. _... .....__. 37,093 p~s~asnLCOSrs _^_ . 2s o _ _ LOSS ON DI5V0517'IpN OF I.ANd lIF.Lb FOR RESALE __ 2G I - --- ,....._ --- ----...._ - .._,...-~----------- --_..._.,_,......._ DECI~NE IN VALf1E OF ~- LAND FIELD FOR RFSALE ZB 2 ---•-- ---- _ ....---.~._^_....,. - ._.~__._.._____. REHASILiTAT[ON COS7S 27 ~ _ _. ^. -°- -- - ---.____,~ -- ._._._..._~_ RAI~AB1LiTAi[ON ORAN7'3 28 0 fMTEREST E%PF,NSE 29 4 ~00 ~ 776 ~~ 002, $03 --- . . 1 743, 579 kl%Eb A33ET ACQt115ITfONS - ~ 30 4 . .-- _ -.. . ..--- -- _..._. svn,SEniFSrou~w~ ~iODERATE INCOME IIO[ISING 31 O ___ ~.._ __._~_ 489,099 ._'.. ---.-....------ 489 099 ~ b6HT 1541lANCE COBTS 3~ ~ OTIiER EXTENDTIURES S2 Q _. DF.l~T NR[NCIPAL PAYML+IVTS• TAX ALIACATION BONDS & NOTEA ------ ------ 33 0 _ ._.,.__ _........._..-. . -- --• - - ,---.._..-_. -. ---- __. AF.VFNUF, ~WDS & CERiIFICATFS OFPAN71C1}~A7IpN -__ . .- - 39 0 _....__ .,_. • •,,,._.,- ___ 330,000 . •• --- --- .. ... ... ..........., -.... _.__._, 330,0~0 CIT'P/COUNTY A6YANCFS & IAANS 3b 0 , . .. _ -- -- ~_,_-•- --- .,,.._.,_..,---~-~ • ~ ---•-- V $ , $TATE, & O71iF.R iaorrc rexnr nF~T G 0 , ._.__. -._. . .._. _.,_...._ .... ...... ...._..__. ---....__.... - _.__.__.., ToTnt. I,XPFNDITUR~.S ~~ 0 1 2Q~4 052 S 3 025 95~4 ~e _.. _ . .._......._„ -r- - - -.._- - ---- .. ..., . , ---- --- - (l~n or~rr ~o ~ert.aare cot~sr.sten.c'~, e amorLnts r~~orte~ in 4Tae Z.o~u rxard ~fn~$era[e In~ome otts:Ttg tn s ou orrr~ t~e 6asrs,]'crr tTie ~ ~:[ce_repoTGed La th.e I~na.rtmettl n,(ffotts£tty att.~t Crrt]tmtt7ttLy_Ueur.~ovrne~al on Schdedulps IICII_A n,~trl TfC!]-C:..-- ---- ........__._~ Lf7FA BO (REV 9J90) INCQlyIE STATEMENT AGEI~CY NAM~ ~~~~1dI~n~ ~9~~y of the City of Santa Monica nACF, 0 --~--._._..-... ,__. .. .---.... _._. ._,...-- --._~----- ~~.....~ ~'I~OJECT AI~CA NAM~ p~r,,nzt~ P~a;ect, " ._.... .----- . ..__. ... . ..._ .. .. F18CAI. YliAR ENDF.D JL~1~ 30 , i~ 9~ ' ----~.,.__ .....----.. . __,.,..._ _..,. --- ~ ". ,...---.... - --`-~~ ~ ` ~ ~'i CAi']TAL FxPr':NI~I~UIZ~':S (CON T~ V1t0.iF.C'f'S . DEIIT SFRYICE , . ..--- ----_ -_ iAW/MnuERAF~: 1NCdME FlOUSING ._, ._..---~-- .. ....__ SPF,CIAL RF:Vh:N11F,JOTIIER , ..----- „ ....._._._._ 707AI. FUI31h5 FUNI]S • FUNIIS FUNDS FX[,HSS (UF.HIC[ENCY) R1:VENU~ avE.K u~tll~:[a F.XPFND~TU~LFS ~~ 0 1,193, 940 (l, 332,803} $ (969, 678} $ 608 54~. , ..,. . ~ r ~ , ~,. ., ` , .,; ; • , 4 . . r ~ r li . • r t OTIIF.R FINANCIN[~ SOURCF.S (USF;.S) n `k n . :n: .'~r ~s r • . }i:~ ~.:n r 4 .. •n • ~v ~ M1 : r }'~ ' r . . t ~ * ' .: .. ..r~ PRCK'F.F.I~'+ ~1F IANGiERM DEDT 3fl O PROCEEUS OF HI.F'UNDFNG ilONDS .. _ ..- __._---•--.. _ SQ L .._.., ..._.. _ . - _.. AY]HENT TO RFFUN~F.U HOND . _ .r ..._ .. ... ,._..---~ °- --- -- -~- --._........,. _.. .. _. _... .- - ESCROW AGENT 3~ Z. ~. _._~_ _~_.. _...- --..,~_ L_....._.. ~, _~ _..,...,._ ~ l __-.,.. AUYANCFS FAQM CI7'Y/COUFFTY _ 4Q D ~~Q.21$ 574, 2~6 snl.r: oF F7xe,p ASSETS ...... 4l 0 __.. Mt5CF.f.1.~NEOZIA PINANCING .. ,--- - ... . ... __ .... ----- . . ---. _. .. .---- ... , .-- - -... , . .. _. _. . _. _.-- -- SDi7RCF. ~llSES) ~ ~ ~ OPIinATING TRANSF~R.4 1N _ -~-- ~ . .._- 4Z O -- 1 ~~66 r~4J 1, 566 , G45 .. iAX INCRF,MENT TltANSFERS IN AW fi~1~loDilOUSINGFUNb ~ ...- . -- . ..-._... . .. i }+i:~~~ . , ., ^ . ~ , , ~' ,. . .~.` '• w~'°'`=-~~-V' xy +~: , „i , < ~ . .,;;Yn<r~ t~~~ ~.•o~ • •. „ , : ,... , ,~::::..~~:h~~.~~'~:..,W. ~•~+•° -- ....... _,. 5,,34 _.._. 3 ~,.,.,.,., -- .~.~ ........ ~ ...~... ... -- ._._-~~....-- 43 2 __ . . . .. ---......... UPERATING TRANSFEItS OVT _.. .---. . .. .. ... 43 O _i..~#~+-S~~ ~ "2l ~_ ~ .._.._.~-..._ ~ ._~~..k--..,.-..._.... ~ l .....J..,. _-.. „ . ,., ------.... . \ ~ .~I...F~.3.~._.~ 7A.X INC1tF:MFNT TRANSFF.Itli Ol~l' , , . • (TO IA9V Re MOp EIOUSING FUNfl) 43 I 215 343 • `~ 2 TOTAL- OTIlER FINANCIIYC SOURE;FS (USFS 4q o $ t~, 526, 756 ) $ 1, 566, 695 $ 215, 343 $ 255 232 . . r '}' ,,.i4!v ts'r ,,.,. v ~i.~ ;.,..n.~n i' . ,YV'Y y~N.4 ms r . . ti iGY~}rh} $S~',i "+i' i y nl'4' " i.; . ' '> • "' .r •f 1.r/ .. ~.i,~irn ~ ri1^.n"~,'r'Y z':kJ t t . l}V. fi~~ fi hvr n' .. iL Y` ~iKiYy,v,. V i~'f"a{OS AwLih~i ,.,. . ~ vtn i~~ i ,.,. rn~~ ,. n r. ri{4}i}i{i ' i~ ~ Grs l.iL" r.y.. .. ,. ,} i ,.. . s ,f Y. ,..,v VrhVY'.}`~kl.#~w}~{ ~tn~v.n F.XCF.,~S (UEFIClEN(;Y) pF RF,VF.NUES ~4e 0771F,R F'INANCIIV[: Sp[IRC,F;S nVER EJ~I'F.'Nf117ZJRF,.S Rc UT"H~R FIN~iNCING USxS cr.rt.~ aa + uN~ 4s~ 4g 0 $ { 332 816 ) $ 233 842 $ 254 335 $ $ 35 9 r@[nTY, BEG1fVNIN(x OF 1 F.RIOD _ _ ' ' ~ ...-- --~ 46 0 ~---., ~_ 634 , 862 S 1 701 '7 S ~ ' 9~ 601 848 $ ! $ 2 2 938 50 $ - , ADJLtSTM~[~fTS• _... - - ---- . / `50 7 ~$7 ~ ..._. .. _ ........--- -. .. _.._.- .--. / "' " ~ ~- ~~ 7 ~~7 ~ PRION PF.RiOD ADJUSTMENI'8 47 ~ / 1 ~ RFSIDUAL F.Qlfl'CY TRAN5FERS .__..-- -. _.-_. Q$ U .. -.._,--_,....- _,,.---._.,..._ ... t _...---.. _.._ _.. ,. ..,_...-----~...,. ,...._.,.,.-- OTIIF.R ~ (E711'LAIN) 4~) Q b0 0 L•'QIIITY, EIYU Ul~ I'F R.~QD (MI~ST EQUAL PAGE 04, I,1NE 38) b~ ~ $ 30~ i a4~ $ l, 428, 547 S 347, 513 $ s 2, 0~]S ^ l~~ In ord.er to erisurw. ~attsrscr>rtcti , lhe amount,s orLrd in the Low u~ut MortpralR Inemrte Ho4rsa '~'~nd HGU-~ ~ data _ortr,d ~o the 1~artne~nt^o lfaT~s,~~ a~t Comttire~rz l~eui ~men.t on Schdedudes 1fCI~ n~n(y anrncr.u~orm ihe basisfor lhe~ ~_- , , ~ „ __, ,..----.~..,-~_,_, . ......---- ~ -• -"- 1 _._, _.... . . .. , . ------._ . . .... - - - I.C.FA RO IBF.Y Snip) AGl'sNCY iANC-TF.RM DF.E~T TAX AI,I.OCAT~QN 1~OiVDS. RE,VI:NZ7F. IlUNDS AND CFRTIFICATFS OF PARTiCIPATION A(:I:N[.Y fVAMI: R~ciett~la~~get~, ~ F t h~_ .Ci~.y_._n.f.., San'ta ~onica F7SCAI.YEAR F.NDF.D _...~L~,pr. 3~.__.,ie~~ PR.aJ~;CT ARF.A NAMF, .,_ D~ItAWl1._PY'O~@Ct .. ..... . ........ _. . -- -----.- [F3~ A&EPARA'fE COLUMN FOR LISTING EACFI IIOND AUTIlORIZATION I30T FULI,Y REIIRED USE ADD1T10NAL PAGES AS NECESSARY ~..-- ---._ ~__ _ ~.. _... . . ~-_:~_: _ CODIIVG IIOXE4 E'OR CONT$OLLER'6 U3E ONLY 5CHEDULE A-Rp P,a~e~ o~ ~ INDICA7E TYPE OF DE9T ]'AX ALiACAT10N BONiT, 1tEVENIJE DOND OH CERTFFICATF; TQ7AL F PARTICIPATION ~V~S1U~ BO17C7 YEAROFAIFII[ORIZAI'ION 1.0 ~97$ PRINCiPAI. AMqUNT AUTIlORI7F,D 1.~ $ 1~ I~00 f Q00 $ $ ,~ S 14 i 7~~ i a~~ PRINCIPAL AMOi1NT UNISSUEA ..,~.T ~.._,..~.._,-- ~.2 _.. _-..-- FRINCIPAL AMOUI@T llNMATUBEU ---~ ---- ---•--. ...~...--.°,------ -----~-- -------__...... ......__.. I!$GINNING OF FISCAL YFqR ._,__....._-~-------'--- -,._.__,.,~.^.._ ... `I.,O _..___~._ ~~ / 320 / ~~ ~ _.~_ .,-.-._... _ . ., .,_.,,. ,.,. ..-•„-~--- - ._...--°-- ---- ----- ..... .. . .. ...... ...---- 1.~ ~ 3~O ~ OOQ AIx1I13iMENTS MA~F. DURIh}C YP.AR (FJCPLAIi~J 3.~ -._......._~---- PRlNCIPAL AINOUNT IB5UEb - -- -----~--._.._.~......,.,....._.... ...._.__.,...,_..,_._......---...----- --...._,....._,,.. , _,.. DURING FISCAf, YEAR 4.Q FRiNC1PAL AMOSIN7' MATURED - -- -.-. -.-._- -..... .., ....._.. . .,...., - -- DURING Fi3CAl. YBAR _ ^._ ----.... }~,{) .----- ~ 330, 000 } -------~ --~ ~ ) ~---T.- ~ ~ -- ---.~-._.._.~..._..- ~ ~ ----'----..,_..,,,, _. ,,...,,_. __-~ ---- ~ 330, 000 ~ PR[NCIPAL Ai~tOUNT DEFEASED • DURINCF[SCALYEAR ~.~ { ~ ~ ~ ( ~ ~ ~ ~ ~ PRINCIPAL AMOUNT UNMAtUHFb - ENDOFFi9CAi.YEAA ~i.0 5 11rg9~~~Qn $ ~ 5 5 11 990 000 PRINC[PAL AMOVN7 fN DEpAULT s.l IMERFST IN DEFAULT 6.2 ' ' RF,YF.Nl7F_S PLF;EIGED A3 AUDITIONAL 3ECURIiY,~.~.~ ~....._. ~~J('I'LTJ7' ~~~~~~ PURPO6E OF bEST DY AUTIIORIZA7[ON ~SPECIFY NATI}RE DF REVENUE~ FLEDGF.n To fina.nce the acquisit~.on arx~ constructio ~ Parki F,ease Revenue 1~ reeme~zt w~th ~ ~1@ Cl~ % o~ two garages which provide parking .,, ._.. .._.._. of Santa Monica. _---....------ ..... _._.. 100 x facilities for a major shopping center in -- ............ ... . --~---~----_.. .... ...---....... _ . . ...... .. _ . _ . ......_ . ..... y~ Santa Monica. _........ _ ... ...._---._.....-- --~-~-~--...__ .. . .... ..... .... ..._._ ...._..__.. __... _.~ .. LGPA HO (RF.Y 5190) OT[~ER LONG-T~RM DEBT SCHEDULE I3-Ri' AGENCY NAMF Redeve~. nt Aae~cy aF the C~.ty.._of 5an~a. Nbnica - -aP~ FISCALYEARRNDF.D June 30 ~19 gl ~RD.f~.~' A,]t~ Nl,ME _~Qy~7~l~C1W17TP~O~CC~ -----. . l1SF A FEPARATE COLUI~lN FOR LI4TING EAC(! EtOND AUI'HORIZATION NUT f~[lF.I.Y RF,TIRED UfiE ADf)lTIDNAL PACES A3 NF.CFSSARY ----.. f 6 .._.. _ .. . - 1 7 __.. __. _- _---._ .._.,..,, 1 $ -- _ 1 9 ~-.,.... _ .. A A A . - ~ - - --.... .. A-- --- 7l~FS LONG-TERM INDED~F.DNFS9 ~1.0~ CITY~COUHTY STA~CE U. S. QTHEft TOTAL PRINCIPAL AMOVN"P tlNMA7UlIF.D- ~EGINI3ING OF FISCAI. YF..AR _ _.2_Q S 9~ 744 i 210 $ S $ S 9~ 744 , 210 AnJUSTMENI'3 MADF, DURINO YEAR (EA'P1AI1"7) $.0 INtE$ES'f ADDED TO PRINCIPAL $.1 770~21~ ~]~]Q 21g ~ PRINCIPAL AMOIfNT RECEIVEb ~UR[NC F73CALYEAR 4.O PRiNCIPAL AhfOUNT MATi11tF,p DLiffiNC F7SGAL Y£Il8 5.O ~~O ~ O~ O ZOO ~ O~O PRlNCIPAI. AAIOVNT VMb1ATVRED- END OF FIF~CAl. y~R s.a S 10, 314, 428 S S 5 S 10 . 314 .928 LQFA BQ (SEY 6/80) 3VOTI-AGI:NCY I.ONG-'1'FIrM UI?I;Ti SCHEbULE C-kp MORTGAGF RFV[:NUF. IlONDS, 1[HDi]STFLiAI. DFVFI,Ui~M~'.NT ItUN~~S, CERTIFICATES OF I'ARTIC:IE'ATIUN nc:i~.~vc,Y NAMF, R~~veio~ei~t Ag~ncy af the C~.ty of Sax~~a Mr~nica PACe 1 oF 1 F13CAL YEAR EkpFri ~~ 30 ,ie~~ Pft~JF.("C ARrA NAME ~1tawn Pro~ect 115F A AFPAINTF. CALUFIN FOR !.lSTINC F:ACH RONb Ai1TFIdR17JAT10N NOT Flfl.l Y S~.TIRF.U I~SE ADUITIONAL 1'AGkS AS NEC~SSARY . - --- ._. .... ._.. C:_:: . ~ : _: ~ I f. ~ ~ CO~IN6 SO}tFS FOR CON3'ROLLEii'B USE ONLY NUICATE TYPE OF UEBT MORT(3AOE RFVF.NUF. OONAS, ~3~DUSTRIAL nF.YEliOT1~tF.N7 TOTAL QOND3, CERTIFICATES OF PARTICIFATIUN YEAR OF AVIHORIZATSON I.O YRINCIAAL AMOUNT AUTRORIT.ElT 1.1 $ S S S S PRINCIpALAMOIfN[UNI6SUED . _ 1~2 , .,._, ,. ., _ .._,,.-~- --------~~-----~---°-- ------- ---- _- ----~ ~---- ---------._,_.....----._..,..._. . . ., ., - ------~- PB[NCIPAL A1NOUIV'I' VNSNA7URF:b_ DF.GINNING OF F1SC11L YEAR . „ ,._ . . - ~--- - ,_,._..---- 2A --- ------.._._.__ ...... ..............._._,.. ---- Ab.tl]$TMF:N15 MAD~ h~JA1NG YEAR (F.XPLAIfd} ... .. . .. $ O ..,..--~---- --- . ,_.._... ~......_...._.,....._...~._.... .___._,. F'BINCLPAL AMOVNY' IBStlEb _..-•----. ...-- - - --~---------._.,..----~~-----.,. ., AURiNG FISCAL YF.AR - ~A -- ----~---..._......-----..__....----~ PRINClPAL AMOUN7 MAiVRED ~IIRING FISCAL YF.AR . b.0 --., ( ) _.._ ,-,_ . --~--- _ --- . ( ) ..,_. . , . ( ) _ . ,,. .. _ .. . . _ ._ ( ) - ( ~ 1'RINCIPAL AMOUN7' DEFF.ASED _. .___ - _ . - ... _.., ., ,,......,.,._.. _.._..__._,..~.~, ~._..._ . ,.. . ,... , ,.,. .. - llUR[N(3 FISCAL YEAA g.l ~ ~ ~ ~ ~ ~ ~ ~ ~ } PRINCIPAL AMQi1NT UNMATi1RED - F.NQ OF F7SCAL Y~',AR B.O S S S S S PRINCIPALAHOUM IN DFFAULT B.] II1i'FRFS't IN DEFAULT 6.2 REVENIfFS PLED(:EL) AS ADDITIqNAL RSCURI7'Y F.XTEN t PURP08E OP UEBT BY A11T1[ORIZATION ~SPEGFY NATURE OF REVFNt1E~ PLEDGED . ~ % ~ L6FA 80 (REY S/90) ' ASSESSED VALUATIONS - AND - TAX INCREMENT REVENUFS scuFnu~.F. D-IZP . AGEN(:Y NAMR Redevelo~rient..nge.ncy.of...fi,~1e Ci~y of San~..~Iq~ic.~. PAG~ _. 3.. ~. l-- FIlSCALYEAN ENDED ,~~]~ ,3Q 19. 9~ YItC1JMCT AIlLrA NAMi; ~]'1~C~JI1 P~~EC~ ~...~ ASSESSED VALIIATI~N DATA __ ~~ ~ ---~ --~ ~c.~ ~ZEN l3ASE ASSLSSEU VALUATIqN REMENT ASSFSSEU VALUATEON At, aSSrsSe» vn[.unrroN sEC~r~tF v i.o S ----~------__.. _. 2.0 ~.o s 9a,79~,~i~ TAX INCREMENT REVENUES r-:--~ I~NSECUREU 5,347,580 ~ 'roTAt. 42,116,482 62,028,8~5 ].04,145,297 ~ r ~ MOUN75 PAIp TO TAX[NG AGRNCI~S !'URSUANT'f0 iIEALTI! & SAFLrTY COU[8 $T~CTION[ ~3~O1 IfEALTE! & SAFETY COUE SECT[ON 33fi76 7'OTAL COUNTY 4.0 $ S S CETIFS li,0 SCROdL b15TRICC3 ~ 6.0 COMMUN[TY COLLEG~: DISi'R[CCS 7.0 SPECIAL UIS'I'RIC's5 ~ _ B.0 Al.l, OTIII:R A~F.N[:IFS 9.0 ~ .^-- - -- --•-- TOTA[. I'AII) TO TAXl1VG AG!•:NE;iI:,S iQ.O $ $ $ TAJC ~NCItEMF.NT AVAIIAIILE rar; ur:~~FVNr.UPMF:NT PUHf'USI•~ t1.0 - ~_ ^ ~ _-- - ~ I S T(l'I'AI. TAX IN{;R!•:MF:N'i' AL[.(fCATED l2.0 ~ f.(,iA NIl (NF,V 7/M0~ J'~'~T ~ lNi ~ ~ V '~" C~ ~ ~ ~ V ~ ~ R T ,=. ~ ~I r. ~ J ~.f rrc•v NAME: ~~Flll~r-i ic~rz~ca I~cievelo~:~~er~t l~~t~ncy PAGE ~- o f ~ ~ I~c~it'I' YEAR:_ 1~~~-9a ~ 1'RO~Jf~C'I' IDLNTI~'ICATION: ~+'~~~ F~3evelo~anent Pi-o~ect U?IG~1I. INI'~ST Oflis'~1D~lVG _ _.~E I~k~IL~; _ ~-99fl-9}~ I~I~ ICFNI'YFIf~11TI0N []A`I'E PRINCIAAL T~! RATE Prl.ttcipat Intex~est _- _- , Parking Lease ~ ~'~ BE~'llil~ -~ ~l/29~7f~ -• ''~L.{]Il('i -- -3n ~~r~~r~: F _,ZS-7 75~ __ $21 ~Fi~~ _~„QSt $----- ~?n*~.(ILL~~,_$,L13 ~~ Note Payab~e to (.~.ty o~ .5~ above _ ~s3I1~3.I~fnni r3 ~N[]Y~ # 1) ~ [~1~0~,,,_l. ~Q --~..~. ~ r ~ ' zr ~ [l5 _ 2tid ~Gt,~ ~ ~} Note Paya}ale ~ca City of Rate ~ S~II~r]..l]Q11l~:ri__.fNQh~ #~,),..,. {1~01~50_.__~~ L30'301 1 ~~r _ 7_ 7~~k - r ~ ~~ Law arxi Moder~~e ~ncane -- - ._.._ . H~1~,'Lrxi Trust ,~~ ~ ~2~1~$$_. .._._.~QQ n 115,13~ - - , 2.LQ_.--- Q[:,~____~_ _ Nnne i 1~,1i4 ._..~._ ~) V~.~~-Gl ln ~1nr~Y~nt _ _D~5,~78 3 ` ** ---_.~t~~Z 396,6~~3 ** -0- Parki.ny Stxuct~re ~ ...._.~. - E~ ~ _It~ t~,~i~~~~~t ~re~~en~, ~ 11/29 7 / $_. . _-4- 30 Y _~3YS NnnP c 518, 5=32 - ~,~ Da~~t~vn Coope~atzon & ~ .~te?mk~urserr~nt 1~cx.r~ient - ... 12 17 85 1G1187,62G C:~n ~-,~ ...L.-_ __ ~ ne W~r ~I} ~_k~us~nc~_'1'rusi: F~uid 08 09 88 102 649 ~en Non~ 113 1 1] " ~ ~ - ~~ ~ioi.~sit~c Z'n~st F~'unc~ U7 25 89 9a 866 C~n I~one 107 8].5 1r~7 i31~~ -U- ~rmr~r, ~RS ~ z <i i„" " {`° ~.. ,.e , ci ~C~F~I: OF I ; ~ U "7 ~ Financae ~or~~on o~ cos~ of rkinc 5U"UC:tllr~ I,and cc~nstruction, .relocat~.on and o1-~eratzon costs ~'or land transler L~ow and P'loderat~ ~nc~rma i~rn,G„~,n ~I~Y'11Cf ~, Law Incrnie liou~~ng ~ st. s on orniu a ca cu a oi $9G,937,403 $]Q g55 3G9 $1,543 590 '~~' ~~ Parkinq Structure ~c rec~~~en~ (L;st~. ~sed on formul~ ealeulatic G) arc3 Str~et A'fa__ Improvanents ~c3izc or sale of C0~'s H) ~ era nccxne using r~s ~ ~) r9 a I~ si T ..,~.,..,,.,.....,..._.,__. , * Estimate oF f~l ~2 months ir~terest (1/o~/9a -~2/~i/9~). ** Charx~es fram June 30, 1989 reflect use of audited figures. , ST~TrM1;~1~' C~C' ~~1~~;~3~r~rr~~~~:~s 't~ i rlr~Y ?JAMi,: Sar~t~~ Monica Iteclevelo~~xnent I~c~ency ~~ f~~~it'1' YGA[t: l990-93 f1F~f' ID~EM'IFICA'I'ION I'R0,7ECT IUEN'PIFICATION: rxx~mtc~n Rec~eveloF~n~ f'roject auc~. rrn~~ 1~ ansrumtrr~ L1ATE ~'RTrICI~AL '1'~[ RATE LEHP - n} 1 ~ ` -.-- ~ __ ~_..._... .._„ _~ __..-. _^.._ s ' _. ._ . ,... _ -~,- ----_._.- -- 11} l) F) ~,) ---- - - ...__-----~- ~. ....--~--. ..~~-- - S l)l iFn F'11GE 'ICII'AI S ~ ~ :F~rm ~iaTATs nv~r [u~r~ ~rt~crr~c M; T RFl(1[ ) T1~I~NI' ~ ~it1~E OP ~) . ;) -- - . ... . . ..~ ~. ' • : ~, ' y~ .~ , _ . . : 1~ ~ .) ~) ~~ PAGE 2 of 2 _.._~ ~. - - - ~- .._ ..._~ .~.. ~` ) ~•.J ~ ` -- ---- _$46 ~37 403 $]0~955~369 $1.r543f59U 96~937 903 1.0 955 369 1~593~5~)0 3,487,722 Z,G84,3I.9 801,8U.! . ~~93, 449,fi81 $$, 270, 45Q $ 740, 7i37 RcrsuarYt t,o Section 33675 v~ ttle He~lth and Safe~y aod~, T hereby oertify that the ~t~we is a tx~ and a~rate Sta ~ of Ihd~iess. / ! Z f ` ~G. Signat~ , p~~ C~arl oa ~l.~1:li:t~.S _,~ I~i r~ nf F,j„~~n~_,~„r Na~ne (Please 'iype) Title ~ a ANNUAL [tE~'{)RT Di+ F1iVANCIAL T1tANSACTIONS OF COMMUNITY REDEV~LQ~'MENT AGENCIES PROJECT AREA REP~RT 3iATE U3E ONLY REYI EW ED C1.EA RFb PLF.ASF P~tOVlni: A~RIEF' DH:5(',KII'TIOlV UF TIiL~ ACTIVITIES FOR TI{1S 1'ROJECT ARI:A bUR[NG TEI~ REPORTIN(i YEAit. Ocean Park F~develol~n~it Pro~ect .._(1A} _enc~asses 25 acres on the northern portion o~ the 33 acre project in the southwestem corner a~ ~ie C~.t ad'acent to Santa Mon~ca beach.~~This portion of the project contains the fo~.lc7wing uses : 1) a f:wi.n-tc~wer apartamen~. ccir~lex cor-i:ainin _c~ 532 ~unxts_.rac~n .~~leted in 1967:_2)__.187 cor~dc~~iniLUn and t~wrahouse units cc~nplctec~ in ].980; 3) 153 condcmini~an uni~ leted in earl 1987; and 4) ttie 5.89 acre Ocean Vi~w Park. 'I~e Ocean Park ect (lA) affs~te activities 3nclude: the zehab~,-- litation ar-d expansian of the acean Park Branch Library comple~ecl in 1985, the const~uct.ion of iar~rov~~ts ~o ~he bear,h parking 1.ot ad~acen~ to ~ie pro~ect extending nar~Fi' ~o ~ B~.c e Avenue w~iic -~was axnpletec3 e.~n a 7.y I~t',iFA-BO {REV 5/90) ~ga7, and th~ cnnstructian of ~35 Units af a~fordable hoUSing in the surrounding ca~muni~.y. 1'RUJk:CT ARF.A ('AVFR SEiFL~' PAGE 0 1 S1'ATF USF.ONLY PROJECT AREA Ip• ~ PI.BASE AFF7X LA13EL AND CORRECT IF NECFSSARY _. .._._.,...,. _... - - ._ , - - - AGEhw'r ~Fln ~tn~F~i AREA NAME __......., 13845054 (JCk~AN 1'ARH F12UJ ~.C'I' AREA {~~) 12~~EVELOI'M~N"t AC~NL'Y OF TfiE CITY OF SANTA MLpNI CA UAT~: i'HU.IECf ARF.A WA.S F_STAI31.ISfli]I) ~r,v~ oo vrl ----- C U . ..._ ~- 3~ - 60 .----.. ---~--.. _.~._. MUS'1' Rf:Cf:NT ~ATF. PROd~CT ARF.A AS AML;NllE:n ±!,~o°''''!.- - ~ 14 .._. - - ~~ . MUS'1' RECENT DA1'E NFiU.fF.CC ARF,A - _... .. . -- ns MERCr~ ~MMDD~YY~ . ... ---- a - - . . .- -- . . ---..__. FSITMATEU COMPI.f'T[ON DATF., -- __ ._. ----......._ - (YEAR ONIY) 4 __~~.'~.,..._ ~ GSTABLISI{EU LIM1T ~UH BOiVDED INLICDTL•'llN[5S (IF AI~E'LICABC.E) He-,uH ~Nd s~,~rr cooe s~crior~ ~za~e i 6 i N~1 ESTAB1.fSEiF..D i.IM1T FOR TAX INCREMC~fT REVENUES (IT APPI.[CAiiLF) HFALiH AND SAFEiY COOE SEC1~qN 37333 2 AND 33333 4 6 65 ~ 612 r 50Q = IZE OF PROlF.CT ARf,A IN ACRFS 7 _ _ Z~ ,_ i'l:ItCF.NTACF. OF LAN~ VACANT A'P THE INCEf'7'I(?N OF THM: I'It()JBG"f AKF.A HEAIfH AND SAFEiY CODE SEC7~01~ 77320 1 (XX x%) 8 O. Q°I'e .-.._._._ . PERCENTACE: OF LANU UEVELOI'EU AT . . ---_ ~'IIF, [NCF.PTION OT TIIE PR~dEG"1' AIZI~:A HEAIiH AND SAFEIY COOE SECTION ~]320 1 ~JU[ X~'~ g ~DO . O °~ _. _. _ .. OE3.IE[,T1VFS OF TkIE AROJECT ARI:R ,...._. _- ............ ..T.._. AS SE:T FORTIT IN Tl~F. P~2A.If:C'C IO R _. . .,. . __..__..,---- AI~6:A PLAN _..,_ . , . „ ..... R s AESIDENTIAI ~FNTER ZHE APPROF'RI-~F ~~ISI I - INDUSTAIM IN SEOUEMCF AS SHOWNJ C = COF~V.IERGAI ' P = F UBIIC O = OTHER 1NCOll"IE STATEMENT AGENCY NAME Rc~~v~~opment A en ~F ~he Ci~. o~ Santa Monica . . ~._......__.__ g ~' X PAGE 0 5 ~ ~ ~ PROJECT AREA NAME .. __._ --- .. ._ ~_._._._.-_..... __ Ocean Park P~jeet ~A_._ _ .__...- ----- FI3CAL YEAli El3DFD ~TLILLE~.' ~O ,l11 g,l . .. __--.--- _._._ . ..,. ....---- .----- !1 - ~ ~ ~ _.._ ___ , ]j ~ ~ U ~' ~ ~- r 1'~ NEVENUES CAPITAL DEBT „ --~-•- -... - ~ U]w/MppFf[ATE SPF:CIAi. ~-- -~~- --... . ..._ p~tp.1EC75 SERVICE 1NCOIKE lIOU31NG RF.VF.NUP/QTlIER T07AL FUNDS FUNUS ~FUNDS FUND6 TAX INCREMENT ~_ 1 O$ 1, 554 , 557 S ...-- ---. ._._._ _._......._--~-- s---...._......... s -.._._....... .....- -- $ _._...._. ~~A Z 557 .._~._ ---~~- SPECIAL Si7PPLEMENTAL $Uf1VENfIONF Z O PROPERiY A&S~:S5MF:NiS 3 0 s~~s a us~ rn.~ 4 0 7RANSIEN'1' OCCItPANCY TAX 4 ~ INTF.RFST INCOMF, _.~......~..____. s o ~ 68,pQ2 --------..._ .... .- . _.15r 304 __. __,._ ......_.,. 83 306 ~.. _... ..,..---._..- RENTAL INCOME _ __ (i O LF.ASE [MC06fE ~ ~ SA[.E OF RF.Af, F:STATE -' S O CAli4 ON LAND -•.- -._...--- --° - ..._. -_ _.... ---.--- --. , IIELD FOR RE&ALE--- - -. -- S.I Feueau~ cx~rers 9 0 c[urars ~'no~s prnxn ~cFNCtr~s ~4 0 BOlV~ ADMINIBTRATIVE FEFS 11 0 OTI[F.R REyENVES 12 O TOTAi.REVFNUk:S 130 1.~~2,55~ 15r~'04 1~637 863 t,.,}n~r„ r.~x. '~: "f 'L sryMx t;c.r ,y~y . . . ., .., y ,~„ s~{'ir'i, ~: >. ,e t,... " ';,,.Y ;;, u;.b; hyx'~y»:`r S*',..:;.; nx...•,cse .;c., n. ... „a.`. • `~ ;`.n #' }~. ,t.. :. : ~,.'i,.;, k„ 'h~n :h: :. ~'~k~'0;•~ ' ::, '.riwf :ev`i' .a:;e:. ,~'a•.~cuh" t . ~ ;. ~ Vx ~ r r ~ ° r ~ ,., n ;~, •e `~„{ '>xi~} t. :' F.XPF.N~ETURFS h ;k~:vssn , ~r , %~x~.x~~~;.x:.v;;,•; '~.,.;cs.s ~n• . ~t-~fh~hwviiu.i " ` : l i srvr ,+ sl .. :~ .; a ,,. ;v. ~:< • • °~:t ~ :;n ;~;v~ ,° r t;:t > x,~,~° "" : r•v <;. ,. f '$ ~{'~ i~ u +x' h ~ .....~..~....~ ... r.... :; , ?.., , ; .......~ .:..~: ::.,x~ R.. v fi - ......... :.:«.. ~ : . - : t:.ii.~.,:... AD6[Ii~ISTtiAT10NCO5TS t4 o S---.-?79,4.49 S 5---.. _...,__.-~ .----.. .$..-.-- - _ _ 5 279 449 PROFESSIONAG SF.RYiCFS .- - - - -•-• . . . 16 0 5 950 5., 950.. , _...__. -. _ -....._ _..__ - PLWNIN6, 3URVEY & DFSIGN __ LB O REAi. FSTATE PVRCFIASF3 L~ {1 EXPENb1TVPFS SVS•7(~TAL --{CARRYiOI.INE19?..__.._.,---.- (1$0~S 285,399 5 5 s s....._ _.?85.399__._._... _ ._.,__ . In rn~de,r cn erraaze.re crm4~ste~acy, Eh.e airaoun4s r~porce.d tri uae I.~a~ an~t Mod~e--nle lncome Ifousi.~rig l~~nd a7u~v,Ed jortii lhe ba,ns,for Lhe.. . ctata ~~orted to ehe Tl~~arG~rr.en.t uj Hr~~c,~nr~ and Comm4~.ntt~J !a¢a~e~merac on Sduina[ute.s I~CD-A a,nct IICU-(: _._._.._..._ _..._. ~ ._.._....__ _._._ ..... ....._.._ u:Fn so (aFV ~o) . ~ en INC011fIE STATEM~NT AGCNCY NAME ~~~-o ~ Santa Monica PAGE 0 5 ___.__.. __Pn~ I~g cY ~~..the City of......_..__ ~_~ . ~ PROJECT AREA NAME Ocean Park Px~o'ec~ _~1 FISCAI. XF,AR F.TIUF.D _ JUl7@ 30 ,19 9~ .~--- -~- ---~ -~- -._...... .. ._......._ ._..... .--- !~ .-_,_..,,..,._.. - .. . ~ .._.. ~ G --- . f ~ - ------ ' F.XPENDITURE (CON T) cnrirn~ PROJECTS FUNAS vEnr SF:BYICE FUNAS i.o wn~inoErt~~r~ lNCOAiL~ dUUSING • FUNI~S srF.c~ni HEVENLIF/O'fl[FR FUNDS __ . ...._... ._. TOTAL _._ svts .rarn~, i~oH ~rrs ia) ( 19 0 285, 399 S ~~ $ 9 S 2$5 ~ 39 ACQULSIilON EXPEIV3E_ ~O O . _ . ~..__.. .--------.. . .._... ... --- - . ... . . . .. .... . .. .. . OPERATION OF ACQU[RED PROPFR7Y 21 0 It~IACATION COST5 '~2 ~ RElACATION PAYIHEN75 Z3 O SIT6 CLEAltANC~ CU3T5 _^ . Zq O .,..._-. __ _. _ PROJEC'1' iMPROVF,MENT! c.ON3i'RUCTtOS!1COS'IS ----..--- 25 O . ......---- .--- _ __-..... --.. _ ..-.-- $~~ 04~ -... .,._ ---...._.__. ~ Q~~ Ut8POSALCD318 --•--•-- 26 Q _ ---- . . . --- --,-- , _., ._,.- -- i _ LA35 ON D[SPO5ITION OP LAN[I HELU FOS RESALE --- ^ ZG 1 ,._ ,.._...-- -,_. . , ., ......---- ._.--- - ------ - .. . ... ............_ DECI.INE IN VALUE OF u~vn ne~ Fox aESa~ -- 2 ,. . . ,..._._~ _,_,...-- ......._ .- -. .- --~ - -°-- --.. .. ... _.. itEHA61L[TA7TQN COSTS 2T ~ REIIABIL['CATION GRAN1'S _,.., ` ZH ~ INTE1tEST EXPF.NSE u 29 0 S4 ~ I2~ 853, 6 83 a. a.~~ sa6 FIXEU A33ET ACQUISITIONS ._..------.._...._. . $~ ~ _ ^. _ _ __..~....__ _...._.--..-- -- SUBSIDIFS TO [rOW k idODF.RATEINCOMEHOUSIMG 31 O .,._......_. _.,__,. _...~ -. . .-._~ 145-a57 -~--- .__._..~ 14~J/a~J7 DEBT lSSUANCE COSTS $1 1 DTRER F7CPElVaIYVRFB 3~ Q . »~HT rkwcirn~. ~~nvM~rrTS• iAX ALI.OCATION ~ONI?S Rc NOTFS .__....~ .... ,. ss o _- __..,.,..,-- ---.._. --- 69, 350 .,.__...,_..,.,.-- ----.._....... ....----~ --..'...._.._--- 69 350 RF:VEFll1E HONIYS & CF.RTiFICl1TES dF PARTICIPATION ~9 O _. _ ._._...,.__ .._........ .. _ __ _ . . ..._ _, . CTFYICOLTTITY _ ADVANCES & LOAN8 35 0 .._,.....-•------ --_...,_. -------- ..... ........ ..,...... ,...,.,_._._-..- _ _ _....„ U 9 , STATF., k OTIiF,R IANG-TERM D£8Y --- 36 0 ~--,.....----- -----...._,_.. _.....,.. , ..----._-- --._ ..... . . . .... . .........-------.,.. _-~-- ToTn~ ~~-rrvQarutt~s 3~ 0 569 522 923 033 226 101 -- _ .. _ ~.. ..r.. ~ta~orterl GorfJr.~ 1] arlm~m~~~H utsany a d~ mun£ty.l3P+eL~rr~prtt v c Sch~terlu_~~ou,siiuf ~tinds7intc iriin.~f~ie as:s or [~s NCD-A and HCU-C: ~...... --- ........._. LCFA !SO (REV '.5190} - ~ 1NCOM,L; STATEMEiVT ACENCY NAME Redeyelo~xr~nt..~ency o~._the C~. . ' C'AGE 0 5 PftOJECT AL~~A iVAME:; Ocean Park Pro'ect 1A ~~~ ,~~~~~Santa Nbn~ca _. ~___1....~ . ...-- ---..J ._..-------.... ._..-- --._..... ....--- FISCAL YEAR ENUED _~ _ JLl~]~ 30 __. ,19 9~ ._._.... ..._-_ . . _.._..._. _ ., _.---- ..----- - A ~s --- ._-._ -- .. ._ L ~ ... . ~ - 1 ~-~?~ eAPITAI. 1?XP1rNi)IT[)RTS ~CON I~ PRUJF.CTS DEIlT 3ERVICE . ..... __ _ IAW/MODF:RATF. INCOMF, ilOl1$INa ___. --- SPF.CIAL HSVF.NLIF/OTIIF.R _. -----.. .... ... TD'fAL FVNUS FifNl~ ~ FUNDS FUNDS LX(;CSS (DBFIC:iIsNCY) HI:VE.NIl~S nVER (UNDI:x F:x~~F~vn[7'U~trs 3ao 1,053,037 $(923,033) S (210,797) 80 793 i V ` i ~Vr, ~,. rr{J ~+ . ~}~~'i~ ~i~~ 'n ~' , i+~r~+~r . . t~s . ;,. ,.. . . ~ ri.~{J~ . ,.... ~ ~ ~ t ,. ~. ~•i /~ ., i.~ . ~ ~ v . ,. "Y,. ... . ~ ~ OTl{ER ~"lNriNCING SD[IRCES ([1SFS) ~ ~ PROCEEDS OF GONG-TERM DF;a'C 3~ O PROCEET)S OF H~Fi1ND1NG ESOND3 --------.-•-,.°-----~.,_...,.,,.__ ._.... - 3fl 1 - -- PAYMF,NT TU NEFVNDED FiUND - ,._.. __., ,. ..-~-----.....,.,..,_..- ....,.. ,.... .__._. ,., .--- -...._., , ---°---.._....,-- FSCROWAGENT .._3{~ l ~ , I r ~ l ~ l ~ ~ . _..,....`-- ---°-- .,. -~ ... ---... -- _.---~--- .._..-_ _ _-._., .. __ ADVANCFS FR4M Ct1'Y/C;OUNTY ~~ ~ ~~JQ, 9601 50 960~ _ SALE OF Fl7tED AS5E15 . ----. , . ,--- ~} ~ Q ..-- --... ...-- ---.. MfFCF;I,I.ANFAU3 FINANCING ----- -- ._.,._,. _.._._..._.......,-~--~ ---. ... .,,...---.. . .., ., .----- --- ._._ . .. ......... ..._..--.-. - SOURC'ES (USFS} r~ ~ ] OPF.'RA71NG TRAN3FER3 FN _ ---. . ._ _. __,._.,._- .. 92 0 _..__ ~.,....~. ~. ~~.43 rg95 - 1 143 995 iAX INCRF.MENT TRANSFEAS [N hY ry ~ .~..~ ;, ." .: u s. • ". • .: . }j~ir..v ~yai.. ~ .,, f~ 1< 'L • v .x,- . rV . v:r ry}ni+i.}1 ------....... ._...._ ,}.~. ......, .,,~..- l; ~ --._.~... . -- (IAW & MOD f10USIN6 FUNU) Q'~ ~ i. , n,ry . . , , v. K.,, . 'H:e";e:~Nev;a"~ v ""~ ' < h . A t.r.~~ . -. i v. , wu,v .n. .i ; ~.a , a;',,,,'.`„Y;,;" ; <~ . ;. < . , ,n. M - , 295 881 . . " ~ h~ . ~~;V 95 881 - .%.., . . ~_ OI'ERATiNG 7RAHSFERS OVT _._... . . ----. . _ . ----,_ ...... . -,.__ .. 93 O 793 595 _.. ...._ ~ ~ ~ L2 7 ~g~ ~ TAX INCRFMF.NT'E'itANSFF.iLR OIIT ,-,--•--- ;~ •.:.<. ', u,,~ ~ Y ---.__,., . . , . ---._ . ~. ._ ..,, _. (TO IAW k MOD 3iQU51NG FUIVD~ 43 l 29~ $$1 t t#% TOTA1. - OTffERF1iYANCINGSUUI{CES(USFS) qqo $(1,140,436) $ 1,143,995 5 295,881 $ 299 440 •, r} ..+. ,.$~``'J$ $ t%.i•> i•~ h r:'~fi ~• Yy~ r . ,. . .. } ' ' K{~~if . , m i } 'Htti~i~trMO ttih ~ ~4 r~Y a,, ' +f Y+0..,. Cn %'v y rv h C, f~ ;a~ ~7:ku K. ~,~+m m, ~r'r {'VV. " ^ s hi1 $W •v }+Ss r1}s'. ry..t{ y : it+~nT~'Q`l' 'pk'i"? ~ K~ ti }' t ,. i,. tr{. r K 9 x .} r. ~ `t+ ~~~'~~i;; ~~ ~ . ~~~~ v .. } {tr%} }) ) l ~ ' i ~' xXw N R+} ~,..t .,.,t.Si~ V~i , i. Y i . ... } '~ Y. rv / . ~r. r} ~F~, h Y 1 i .~1v ,}. ..,., r f.,. :.. . r• +h ,h. . .. . l Vn~i ~ r : .. .. k s k~, ~.,.h, a~st , f. ~ ~ EXCESS (DEFIClFNCY) OF RL~'YF•NU~S & U7"H~fi FINANCING SO(TRCF.S OVaER ' EXPF.NDf7'URFS 8c i)7tfER FINANCING USES I~NESB+LiNE44) 460 ~ (87,399) 220~962 S 85r08~! $ $ 21$ 647 ~'•EtLl1'TY, ~EGINNWG OF PF.R~OD 4G0 $ ~,153,854 31~,5$9 ~ S 327,244 $ S ~,792 ,6$7 ._-----. AUJ USTNEF.NTS: . ...._ _.._ ----- _. . FRIOR PF,RfOD AiIJUSTMENTS 47 O 37O ~ 174 3~]~ i],~]4 ~FS~n~~n~ ec~uinr rxnNS~es 48 0 OTIiER - (EXPIAIN) 4fl O 6U 0 H:Ql11TY, ~ iVU ON' 1'EIt10ll (M;15TF.QUALPAGE04 LINE39) ~~ O ~ ~.rOGF)~45rJ S 9O2,7ZJ S 4~2.~7R ~ S 7'~R1 Ci(1~2 # ._.._..--- ,ci/~" ~~ orced :n fJ~.o~n a.n ~Moderate Incnrii,e~7fo~r.sing - _-_._._.. _.. _. ...--.-.-- n orde.r to enstarr, cme.a~,.sCen Lhe amouriGs F~utr.d shou~cifu~rrn the bas~sfor u~e ~ r ~~ ~ ~h~ , and IICD-C fart~rcent o aiasr», n,Tr~t U»nnitcnit D~~lo »tnttt <m. Scluiedul~s HCD A.--•------ ._. ... .. .... _._.-~ l.GFA 11f1 IREV 5/41p) ~. .. ..- -- nc~:HCx ~.a~vc~Tr~RM i~M.r~m TAX ALf.UCATIUIV It(1NllS. 1t1:Vi~;N[3F, IfONDS AND CF.RTIFICATt~S UF PARTICii'A'FI()N scri~out~ a•RP Ai;l~~NI,Y iVAME RedE?V~~.O~Fl~ ~1c~P,~1C57 O~ t~l~ C1'~y of 5anta Nloriica PAGE ~ OF 1 F7SCALYF.AAF.NDED ~tme 30 --..__,_,._.,....,,,..,....._._.,---- -__....__....,,...-,----------....__ .---- .!A 91 PROJ[:[;T A1t~~.A NAME OGY-?at] P~rk Px'o~lect IA---....._.. ----------._....... .._.~ USE A S$pARATR COL[Ii~[N FOR 1J571NG EACtI QOND AlJ'!'l10$IZAtlON NUT F"ULLY SE7 iRF.D USF, ADIII'i'iONAL PAGFS AS N! CF'_55ARY ...,.... ,...~_ _ ~ .,.,._._ .... ,,..__... ._ CODING I!O%FS FOS CpNTROLLER'S US£ ONi.Y INDICATF. TYPE OF DEBT TAX ALIACATiON T~ ~~~a~ion ~ioNll, REVFNVE BOND ~R CERTIFICATE ~~ TQTAL FPARTICIPATiON YF.AR OP A1171I08iZATlOTI 1.~ 1.9 ~$ PRINCEPAL AMOUNT ASIT]IORIZED ~.. ~ 5 6, 405 , 750 .S ., ... _. .,.-- $ --.. . . ...., _- $ . ..._~. ~.'~SL~ 7 ~]~ S . . _....._... _ ._. - _ . . PRfNCIPALAMOUN'C l]NI55VF.D .... -- -...._... 1.`L .....~ -- ---• , PRINC[PAf. AMOUNT l]NMATURF.D . -----,_._, ._.,......_., ,.-- _.,.._,.,....__ ._._._.._ DEGINNINGOFFI6CALYEAR - $,0 6.340,050 6,340,050 - - AbJE16?MFNTB MADF. D[1RING YP.AR --~....,_ -_._... . ..,. . ._ _... _.-,...,,,.....--- -- -.,....,..,....--°--- ....__.,...._.__,~,.._.. .°-- (~xr~.ni~ --.. _._ 3.0 .. . PRiNC1PAL AMOiJNT 135UF.D _.-._ ..... ... .... _. -.--------~- ~---.._ _ ---._._.._. . .......__ ._._.... .----- UVRlN6 FISCAL YEAR --- 4.0 _ . PRiNCIPAL AMOUT!'1' MAiURED ~ _._._.. ..... _ _.~ _....._.._ _,__,.. _...--- _.. , .,. ,....- --- __._,.._..----.~-_....,, DURiNG F'lSCAI. YF.AR ----~ 6.{~ -- ~ ~g I ~~~ ~ ~ ._ ~ ~ ~ ,_, ~ ~ ~ 69, 350 ~ Plt~NCIPAL AMOUN7 !)EPFAfiF,D ---_ V. --......_ ..__ _.. -- ----__ - - _~-.__. ___...._ -- DURINCi F7SCAL YF.AR 5.1 ~ ~ ~ ~ { ~ ~ ~ ~ ~ PRINCIPAI, AMOUNT UTfMATURED - ENDOPFI3CALYEAR 6.0 S 5r27~+700 $ $ s $ ~ Z70 7Q~ !'SINCII'AL AMOUNT IN DF,FAlf1.T C.1 INTFRFST IN DEFAULT G.'Z, RF.YE6ilIFS Pi.F,[M;F;b A3 AUD[iIONAL$ECVRITY F.XTEN7' PURP'O:SE OF DF.RT [lY AUTliQHIZATiON ~SYEGFY NAIURE OF REYENUEJ PLE11CtE17 Z+o aid ~n financing Ocean Park Project - _ __ ___ Tax incre;t~t~t ~ ~p~ ~ ~. .___ ___._. - - .-.___.__.__._. - .--.. _...._. -_......------ - -- _ _ ~ ~ x ~cF~ so cx~v sr~oy OTHER LONG-TERM UEBT SCHE~ULi+; [3-RP AGENCY NAME R~development ,T~gencv of the Ci~y of Sant~~ca FISCALYEARENDED JF.]I"1.~ 30 ,io 91 1'~tUJLC'P A1tEA NAME Ocean_pax~k Project lA __...., U$L~ A SEPAEW7E COLUMN FDR LISTIMG F.i1CF{ 11PlYD AITi'110RFZATION iVOT FI11.LY RF,TIREP IfSF. ADDITIONAL PAGE3 AS NECFS3ARY ~1... .r',.. 1 ? 1 8 ~ .~ 9 -._......._ ..A. .- A A .. .-•- .._ ._ A TiIF.RIANG-TF.RAIINDEBTEDMES3 E1.0~ CITY~C~L11ViY STATE U. S. OT~-[ER TQTAL PRINCIPAL AMOUNT IFNMATtIRF~ BEGINNIN0QFF18CALYEAR 2_0 3,660,450 5 S S s s 3L66Q~ 450 AbJUSTIlEN'IS ![AbE DURIHG YEAR __ ,_.__. ,...___._.,---.,...._._......,_._._. .,---.--,----- , ......,...,... (Pa[vL1IM 3.0 iNTF,R£ST ADDED TO ~9~ 440 , 299,440 PfliNC1PAL a ~ PRINCIPAL AMpUNT RECEIVF.D DVRINt3 FI3CAL YEAlt 4.0 PRINCIPAL AIMOUNT 11[ATURED DUBINGFISCAE.YEAR b,a 35Q,404 350,400 PRINCIPAL AMOUNT UNMATURED• END OR FISCAL YEAIt ~.o S 3, 609, 490 $ $ ~ S 3 609 490 Y LGFA 80 (REY S/90) ~ NUN-A(GI~NC;Y ZANG-T1:1tM DF:RT 5Cl1EDULE C-RP MpR'{'GA(:F. ltF.VH;NCj~; 1~{)NDS, INUIlSTItlAL bEVELUI'MENT IlONUS, GEsRTIFICAT~?,S 0[•' PART3[',IE'hT{ON Ac~I,~1fCY NAMF, Rec~evelo~ellt.~l.g~I'1c.y .p~.. 'L',~'1~._C.i~y.--o~. Satlta M~x]lca PAGE 1 ~F ~. _ .._,_ F19CAL YEAA ENbF.D y JUI7G~_ 3O ---'~A_91 RROJF.CT ARRA ~VAME Ocean Pa~P~~]~~,..~-,-.----,.._.._..._,_.._.,. _ USF. A SF.YARATE COLUkIN FbR L15TING EAGH BONU AVTItORILATION NOT FUI.LY RETIRFU USF. AUUITIONAI PAGF R AS NF.CF:53ARY . . __.. ....-- ~ _ --- .. _._ [ .-~--- L CODIkG BOXES FOS CONTROLL,EIt'S USF.ONLY NDICATE TYPE UI' 1}~ET 1fOR?GAGE I EVENUE IIONU3, INL1LtSt~1AL dF.VF.iAPMCNT TOTAL QNI)5, C~RTIFICATFS OF 1'A87EC1PATEON YP.,AR OF AUTRORIZATSOi+I t.O PR[NCIPAL AMOVTi'3' A[IIiIORIZF,D I.j $ $ 5 S S ~ PRINCIPAL AM~UNT VNISSVEd 1.2 PItINC1PAL AMOUN'1' UNMATUR£p ------ - ^.---- -- - ---- -`------ --- - 9EQfNNINC OF FISCAL YEAR 2.0 - AI)JUSTUIF.3~778 MAUE DIIRING YF,AR ---._., . ,...._..---._.._..----..,_ ...... ... .... ..... . .. .. ..,,, ....._....-~--°--~----------._.... (E7[P1.A1~ ......~._..._,.-----•._._._._.~...._..._., a,l) .._ ...... .. .....__,,._.~ .. PRINCIPAI, AMOVNT 1S'ilSURD . . --_-~-~---,.,.,....~------ ---~------.,..___...._. ..,- --°-- ....._....._.,.... ..._..._ _..,_,.,..,,-----,._.,_._.. . DURING F7SCAL YEAR ~.Q - PRiNClPAZ. AMOUNT ~I/1TURFn -.. ,, , .__._, --- -....-_,_.... ------ ~-- -------...,, .... _..,..., . . , _.... ,. _ . .----- DURiNG F73CAL Y$AR R.0 ( ~ ( ~ ( ~ { } ( } PRINCIPAL Ai~OL~Nf DEFF.ASFp -°-------~-------. .. . .. ....... ._.. ---~--~-~-------..,...., . ..., _..._. , .., . . _____.. .. _...----.,.,.. ..._...... ... -.. .. btllliNG F7SCAL YF..Al1 6.1 ( ) ( ) ( ~ ( ~ ( ~ FNlNC1PAL AMDUN7 VN~1[ATUIiED - END OF l79CAL YEAR 8.0 S S S S S PRINC~pAL AMQUNT [M DEFAULT 6.1 (MSRffiT !N DEPAULT 6.2 REYEt+IUES PLFD(iEn AS Ai?DITIONAL 3E'.CURIiY ~T~~~ pJtTFN'I' PtiRP03E OF DEBT pY AV~lIOR17JITION ,SPEQFY iJATGRE OF REVENUE~ p~,Ff~R;p ,._,_~..,,.. . .__~.._.~ ~ ~n '- .,,..,~,_,.. ., ,,, ~-----.~- ~ -'-._..._.,,,., ~-..,..._,__ .__ _,. . ...._.,,._......__'.'----'.,. ,.._, _...,.. ,,...-- °~ LGFA 80 (R~.l' SfA~) ' ~ ASSF~SI,D VALl1AT10NS - AND - TAX INCRF.MF.~IT [tFVENUF.~ Sc;IIF.IwLE U-k~' . nc~:rvc:Y fVAMi: Rerieve7.a~~t lk~ency of the City of Sa.nta _Monica YA(aE ~_3 _l_ F[SCAI. YF.AIt F NDk f) June 3Q ~a 91 i~KC~a~:c;T A1CN'.A I1AMF. Ocear~ Park ..P~ect .].A ._...., ,_., ASSESS~'U VALIIATION flA7A ~ A I [3 ~ (; I SFi(:URf:D UIVSI;E;UREU TOTAL i F'I{U'LLtiN 13A51: AS."tif:tiSF:I.) VALUATI(7N i U S S $ 2~ 471 ~ 000 ir~c.~tH.t~~:~v~' n~t~~.5t:u vnti.t~n~'~o~ ~ a i29, 343,223 --- oTnt,n.~~~~.~~.t~vn~.UATiUN ;~.ns 131,765,132 ~ 49,091 g ].31,814,223 TAX INCREMENT RFVF.NUF.S _ .... ......_._ ,... . -- -----~- ~ --~-- ~ A _.-,r,r~..~,.~,...~n.=,. __,_.,._, a.,_.~~ ,__._.~ ~ . MOUN75 i'Aii) TO 3'NCiNG ACFNCIES 1SL~A4Tli & SAFE.TY CUUN IiF.ALTi[ & SAfHTY [;OUE !'UIt5UA1VT'1'O SEGTION 33401 S~GTION 33G76 TOTAI, CQUN7'1' 4.0 S S -----------..._.. __......-.._.... ._. 5 .... ........ ..---------.. .. . CITI FS ~.q SCIi00i. DIS7'RIGTS 6.~ - --. COMMUNI'I'Y CULL~:GE UISTRIGTS 7.0 SI'ECIA[. DISTELIC'~'S ~.~ A1.~.OT1[1:R AGI:NG'fE:S `~.~ _- _~ 't'1}'i'Al. 1'AII) TS) TAXINU AGI:N('fGS i0 U S S A TAX lidtattl•:Ml.~}1' AVAfl,h134.~. F'Ult 1ZEf1F:VF.I.(11'Ml:t~T PURP(1SI:S I ~.0 'T01'AL'fAX IN['f{I:MI:NT A1.l.U('APF•:I) 1~~l~A MII (fIFV 7iN0) ~ 2 11 . ...._._~,-~----- ., ...-•---.__ J~.t'~TT;~,V~..t.a~.V .t Q~ .1~1~~B~~al~ ~.SJ ~•I ~IC'Y NAME• S~nLa Moriica ~tec:~etrc~~orxi~nt I~c~ency _ ~'AG~ 1 ot Z I I~cflt7' YEAR: ~99U-91 I'~20;1EC7' IUENTIFICATION: ~~]i£ornia ~i 37/49 (Oc:ean i~ark) lA-~13~ E7RIGYNAL Ih~r.~r ~D~1G WE Q~tiNG: 1990--9.1 IJE.'[il' IT~M'IFIQ-TIC]N []ATE PRLNCIPAL ZIIiNI RATE [~B~' Pl'f,r_'"t•,~~ L:.~W:. _... .7„~o zn i nnn Not~ payable tn C:ity of ~ .5~ a-~ave • -- ~~~ ~~~_ _ ., ,-~ City's Inv $ 1,79~,578 $1,721,375 $154~407 est ~ot~.e E~av-~ble to City aF • ~v~ Q U • ~`~ ~ 1,(y90,975 1,G44,1~15 93,660 est [dote pay-~ble t~ City of ~ant~_1k~.~ri~(~tP ~41 ,~_ Ol/O1 pQ ~ 541, i~35 1 ear Y • abnve ~ 555, 457 54 i,185 48, 599 est Note paya}~le tca City of 5 i - - O1/(~1~0 I9Fi 622 ~ 1 ear Y ~ve 205 49~ 196 622 17 637 es~ ~ (nr,i ~ ~ ~ 1 „~ San~hk~n . ~ , , , ~lousi nc~ 'I"n~si~ Ftiux~ ~ 2/13/t3t3 fi6, OE9 C}~~en None 75 352 75 352 -0- , , Rehabilz~;tion ~f Off--Site 05/OB/84 '._',i:lf),~0~ ~ ..~ ~ r _ J ye~~r.~ None 7_,625,0811 56,2]U -0- LIousirx3 '1'r1~st Fund 07,fZ5/89 08 22 69 lEi4,4Q0 C~.~n None 179,2a] 179,281 _ _p_ Ifousing Trust l~uzd 08/[~9/$8 54, ~ 28 C~~en None 45, z3G 45, 236 ~p_ Ocean Park Refinanc~ng " fionds.,- __ a~/~~/Q~ _. 1,733, 150 30 years 5.2-a.25~ 4 434 5Q7 .l B 250 13fi 190 Oc.•ean [~K~rk ReFundi~ i3 d ~4/()j/~~ 4 f72,000 , 30 ye~ars 5.2-$.25~ or~ s _ 11 954 'J27 100 51 367 oy4 _--_' __ . . ~ . . r7rnt. ~QS p~ =~.~ . 8 ; } 2 %~a ~ <~ . ~,a. w"~ . „ r. .y. f ~.r v~ •; ~~ :K<>~~,,;Ny~~~~~, ~n ; . . . . :x. •. ; ~ . ° :-, ~`: ~€~~ ~~~~~°~~: $ ~__ ~ 22 974 633 $3, 926, 756 $el~ , 532 A) B) C} D) E) F) G) Fiy I) ~~ ) 4 k { , , k~" k ~... } t itzr~L o~ _ ~ p} R~:eY.~lo a~~t~t ~:n~~ o ratir~r~ costs B) ratioti cos~s C} ~~~ral ro'ec~ rtzon closeout c~sts U?rederal project port~pn closeout costs _Law aru3 r~oderate Inca~ Housina Tn~st s F~ L~ease of UniLs at 175 Ck,~ean Park Haulevarc~ G) H) I~ J) * Esti~nate of full 12 mrn~~rr,t~,s il,terest (1/O1/90 - 12/31/90) . , s~r~Tr~rN~r t~r ~~vnr.~~r~:nr~Fss ~ + ri~~Y t~nME • _ I I ~[)i~'I' Y F.'AR : _ r~r,~t~ rnar~ n ~ 198a/89 2{}~ aanta P1oni ea R~cievelopme~~~ l~c~~:ncy ~~~~~91~ P[~OJECT IDEI~TIFICATTiON: GRIGIPQII, 'I FTCATI OM L]A'I'~ PRINC'I PAL Z~y 5hortfal.l. _ 12/12/~9 1.80, 3~3 Open ~ I +, _. ~~ I'>~ ..---~~- --....__-~.------ - ~) ~ ~ . _.__._...,...~. ---~-_.._ '>> ~.~ I rn~~t". ~~ ~om~~s_.. _...._ r~WJD 7~AIS AVAIIAflIE FI.NAHCING I r~:r r~~~r~rrr - ,_,,~_ ~'AG~ 2 of Z Calafornia R .i7/44 (Uce~~n Park) 111-73~ I~+ri~.S!' RA'I'E NOrle 180,383 ~ r ------• - . ._ : ... ,..~~_~._. . . . ~~ . .,. _ ~ ~~~ ~ `' ' ' • _ ^ '•~ ^ ~ • ~ . ~ • R_~ . ~~~ • .. . : . ~ , . ~. ' •. ~'. ^ • - -- -- - - --- - ~ ~ • , ~ rltEr~;E OF IM~BIFtl~t~SS: ~ ~ -, I~ ds ~1 _ 1 ,. -~ ? ~ `1 ,) ~"11~974,fi33 z3,_t~~,nl~ 2,979,~a1 S2U,175,635 . i.990-91 Piritrcipal Irttet~ 1a0,3$3 -0- ,5'3,92~~ 75fi _ $$17.532 ~ 4,109,139 t317 S 32 2,476,097 5u3,~84 $~.,633,a92 $314.248 _, R,u~uat~t ta SeK.tiatt ~3575 ot~ t#le He~elth ar~d Safe~ty Oode, ~ he~yy oert i fy that t,he ~ fs a tru~ ard aoaitate Sta t of Ir~derit~edr~ess. ~~271?~. S ignatur~e . C~axles M. Dezzni.s I~ne (Please ~rPe) pat~e Dir. of Finance , Title ~ ANNUAL HE~'URT OF FIiVAiVC1A1. TRAiVSAC'I'IUNS OF COMMUNXTY REUEVELOPMENT AG~;NCIES ~ROJECT AE~EA R.EPORT !'R().~I:GT AKr:A covRR suF~ PAGC L_o...1....~_.~ STA7E USE UNLY ~~ ~ ~ y~~ .---- ...__. .. .....__.. ...... - _.. ..._. -- REVIEWED CL.E.AREn ~,~.....,~.~ . T,_,,~-_-~,......:.a.,,~...-~,....,_._~.--r..~:w...-~:.,~__:~ ~_ STATF USF ONI Y PAOIECI AREA ~b* ~ FE.r.AS~ AFFl7C LABEL ANU CORRk.CT IE NECF.SSARY -'--'-•-'--~--..__ .------- ----.,._ . ...,,..---- ---~- AG~N~'~' iNn F!illlFfT AkFA NAMF ,.----~- ~ . . ,.... ... a~~~sos4 UCk.AN l'Al;ft P~U,ik,C'1' AI;~.A {~) . . . ..... 12~:UEVFLOF'MN:N'I' ACLNC.'Y OF TfiE (:i'fY Ur SAE~'1'A MUN1L'A ~'I.FASk a'~iOV1DF. A i1RIF.F [)FSC~lPT[dN OP' TIIF. A[."CIV~TII~S FUR TIIIS ~'RO.IFCT AR6:A DURI3VG'1'~lC: RF,PQRTIN(~ YEAIi. Oc:ean Park Redeve3.a~xnent I~roject (lb) ericon~asses 8 acres ~on the so erri Eior~ion nf ~~t~~acare projeci: ie in the southwestexn_. corz~er„_,of the Ci~.y . aaj ~cen~ to.__ Santa Nbnica k~ach. 'Ihis ~ortion of f:he proj~ct canta.ans._~ffices_af a non-=~r~f~_t_arts faun.c~.ati4n tr~at occupies a fo;rme~- telephone cc~any building~ 160._tinit~ nf feder_ally_-suhsici.i~~ ~r~~~ozL..23F sen,nr cirizen housa.rzg which are ftil.ly occ~ ied. Phase 1 of_ ~~e ~ous~~~r~tq~l~te~l .a.r, ].9 ~~__. 1983. '.Phe C~ean Park Pxoject (]b) off-s~ tQ ac~i.va ties include_r~tribu~ing its__~rn~ti~~ie sha~~~. ,the q st to constr~ct a 5.~9 acr~ park ~ Projec~ llrea j(a) , ta_..r~~,~.~.,tate and .. expand the ~~ ~~'~C_.._.._ Braneh l~ibrazy cc~~letec~ in 1985, to ec~tstruct improve- rilEi1~.5 , tA---.~1~~]X'O.~~Ct.,. ~X~Ei7dZi'lC~._nnri-h f-ri ,.}31C.~C2]ell..._,.._, Avenue which was campletec~ in early 1987, and to _~1as~ru~_~._.135. ..units _a,~affQ~le._Ylousing -.in---ihe .. . surrourid~g cc~mun~ty. L.)ATE PFt().IFf,`C AR~:A WAS FSTAfit.iSllI:l) (MMDDYYI --._.... _ . ~1~ ~ • 74 - 6~ . _ , MOST RF.C(:NT UA71~ k'[tUJF.[~T Al~I:A--.. _._ _. _,_._. ...- - - ---~~-- wASAM1:NUED {n~oorr~ ----- _.. . _ . ._ ... ....- -----..---.....--- 2 --- 9 - . 72 _ 72 --~~-------. _ MUSf REC;LNT IIATC PROJF.C."f ARF.A WAS MERGF.D (MMDOYY~ ---~--~---•-. . , .... _...._._._ 3 - - _._..-----.-.--......-- FSiTiVIATF•.p CAMI'L~TIUN llA7'E ~YEAR ONLY) .... _. ... .----... . ._ ... . ... ............__._._.---~ ~ ~-~-- ------ ~~ ~ 7 I:S"~AE~1.ISlIrE~ I iM1T FaFt [3~NDF1) IND~I3T1'sI)Nk~.S (IF AI'PLICAI3LL:) HEAL~H AND SAFEiY CODE SECTIOhi 737]< 1 g : N/~ rs-rn~Lis~i~:~> t.iM1T FOki TAX IN~R1:MGiYT Rl~VEN[J~S ([F APPI,ICA~31..E) HEACIH ANp SAFEry CODE SECTION ]3337 2 AND ~33~~ 4 ~ s Ef 24.~ 6.37, 50a S~ZE OE PROJF.LT AI~1:A 1N ACHES PERC:F.NTAGF. OF Wh,NI) VA(:ANT AT'i'l3E INCEPTION Of TE~F. PROJf:CT ARF,/1 NEAtIH AND SAff1Y CODf SEC110N ]]J20 1 {xx xA PFIdCFNTAGF OF~I.,AND DEV~:IAPEn AT T11E 1NCEPT'IOIV UF T!!F: PRUJEGT AKF.A HEAkTH AND SAFEIY CODE SECSION 73320 1 {xX X~ OI~JECI'IVF~ ()~ TII£ {'RA]EC'~' AFiF.A AS SE:7' FOft'Fli IN TIIE 1'liOJ~(,T AiiF A I'L..F1iV {EN1E~ If1E APPRdPCIA1F CppE~S~ n~ s~cwenice ~s s-iawN) 7 ~ . ... ._.8,._,.,. _. R ~ ~ .~ % g 100 , 0 ~ ~4 R R +~ NESIDENfIAL ~ _ u~N~erm~ C - COFAMERCIAL P : pl)BIIC O r OT}ifR UC;kA BO (REV 5/90} ~NCUi1'[~ STA'i'l~ME:NT AG~NCY NAMI: Rec.ievelc~~nent 11r3ency of t.Yie City of Santa M~tt~.c:a ~'AGF [ 0 ~~ _. ......_._..__. . ._ ._ - -. . _.__ . __ _ __.__.. ~'ROJECT ARCA NAME ~~ean. Park ~?roaect ~B... ~- . _ ._. F~isc~n~, r~:nK h.NUN~ir Jilt~e 30 ,in 91. .. _ ._.. ._- ._._, , --. ...-- - ,_ . . J-'~,. ~ (% ----...., .--~-- L- ... ~~ ~ ~% R~:VI'snl~lr~ CAFITAI. ..__ , . . „ „, .---._.., .....--- ... ,. ----- ~EDT LAW/MQI)EftAT6 S~F..CfAL - - --- ._. PROJECT3 6EAVICE INC06[F ![OUSINC RFVFNtl4'lptllFR ....,AI. FUNQS FUNUS ~ F'UND5 FIJNU3 TARINCR£MF,NT - --... ° a 0 S IB~~.S11 --°- --- , ..,__.... `5.---__ ....,_,.- -----,- ~.....__.,. S .. ..--~ -~--~-- '~. _ . ---~---- .. . . , _..._.--~ lS2d i211 ---._... 5PF,CIAL 6tJF'YLEb1EN7A1.5UI3VENTIOW 2 0 1'ROI'ERTY hSSFSSMF.N1'S a ~ SA1.FS & i]SE TA!( 4 O TRANSIENT (KCUI'ANCY 7AX Q j INTERFST 1NCQME . __... . ---~- --. . 6 ~ 25 151 -._... ._._~ ... _._ 1~84Q __ ____. ..._,. _.. _....., . ..--- RENTAL ITlCOME G O f.F.ASE 1NCOME 7 D SALE OF REAL FSTATE --- ------- __,. S O -- - GAIN ON I.AN~ -~----_. .----- -..._..__ _,...,..,_,. ,. ._.,. _.... ,----._._...... .°---~ HELD FOR BF.SAI.E 8 ] FEDERAL GRANTS 4) O GRAN76 FAOM OTI3EA ACF NCIFS I O Q bONb AbMIN[3TAATIVE FEFS ] j ~ OTIIER REVENUFS IZ U '~'OTAL REVTNUF;,S 13 0 2~~, 962 12 ~$40 222 802 r t , z .% *` .: d.+~,r . ~ ,. • .i ~ , .} h•y '• n~ r ~ ~ iv'*?.,} l} i } 2 . ~ ~ ~? ~ . 4n`V. . ...}~{,L Y „} ty{^ i+t . ~ n ~ . . ' . .. ..y..r, 4 ~{~r S%n 4 :% *d,'.N^. t{ . " rs {~k" ~ : Y S 'y~ u `y~ v~ ~ih, i : e 'S ' ~}i} > ~ ~ 4 ~ " 1 7 n ~ ~ ~ ~ ~ ~ ~ ~ ~ J ii. ... ~. . . . . 5 ~ i y : i ^P V~< F.X~'ENn[Tf3RFS ivhxj'~ : , k~ {i rr '+ } r ~ X'XK: . J ,. ~,. ~ f • 45+~ } h %~ rvr ~.if•ih . }.~ s }. ~f^r xn'Y hA'A.An p~'zn~nn~}~ ny ~ r ,r i. r y • :. y i ~CS f•'Y 'ivm. • ~ ` ~ .. r,. ~rr.sr • hv h~} i 4}Y'~ u~^ '~~r r}'rrv n r i~ ~~fY' n' [m .s . •• • a Y % % ~+fn+rvv n i i,..~ ~ ~ • f ~' • ~ ,.n ,, f. iri ~u / ~ . r. . . ~` ~}.1.... r:.~ r.~.,y.vcw..!.Efc ~os.::}rS} ......_. '. . n ~;.14..\./..n:.1 ..::........ ...t.. h ~ C A ~ 4 i .4 ~ ~ ~ : .. .y t . .. . w ~u i~ .a ..... .au.~.uuS .. .. . v AD6IINISiliAT10N CpBTS L~_ _ . _4 o S 1.03~358 _.. 5---- ....._....-__.. .... ....--~ s-- --.. S _..... . _....._.-------~s 103,..35$ PROFFSSIONq1,SF.RVlCkS 160 2lZ~Q ~ 20(~ --__ __. . .....-----_. .. .°-- - ----........ ,. .. _, -..__.,....-- ------._ . ..- -----. .....__. _ . .. ..,_._.. --~ - r - a PLANNIN~, SURVEY & UFSIGN IG Q REAL FS7ATF F'URCI~ASFS L7 O -- . ..... .. .. .......-- EJCPENDIiURE3 SU6-TUtAI. {CAHRYTOLiNE18) ~ISO)S ~Q~/~J~ 5 5 S 5 105,55$ ~ .._..---- -,._.,.,.,..-- ••-'-•---- -----__.........._. '~I-- -. ... .--- ~ f~_._ Ls reported rn the I.~u~ nrui Moderace hu.om.e Ilr~ussng t'und shoulit forr-t fhe basr.a far Llie ___. .~ d.ata~orLed o~ I 4~ar vr~ien.t o Ho~cst~a~ a~d (`,~marnun~t~ l1e~~elapment mx Schri~etules HCD-A and HCD-~ , __~"--..._---~- - ~--,..---. „....._, .,....---.,.,_,.---~----------- -~- [.CFA 80 IRF.V 5/flb) . _.~.--- ... lNCUM~ STATEME:NT AG~iVL"Y NAM~ Ttedeve~.opment Agency af the Ci~y af Santa N1oni,ca PAGE U 5 LJ ~ . _ _ -._ ['KOJECT Ai~GA NAME Oc~an Park ~~~a~ec~. 1B i'IS( Af ]E:AR ENUFU ~TUI1E 3O ~19 ~1 ~--°- .-..._, _..,_ -----.,,.,. . .,.... --,-. - ~i.. 1=~:.. ._ ...... . ...........-- ~--.... ~:. .. .......__.. f~ ~? l:-:v - ~ ~ _ . -- __. ... _...._ ... . _....--------...._... ... .....-- (,AYITAL U~.B7 ~ i,OW/MUUF.RATE SPF.CIAI ~xrr~ri~tTU~i~ (c~Q]~'~~ PROJECTS StNVECF. INCOAI~IiUUSlNC RF.VRN[1F:/~11lBR TOTAL FLNDS F'S1NpS • FUNbS Fi1N1~ ...._SU6TOTAL Ik'ROM.LINF.IE~)-----. . E IS~O 1~2.5~558...,,.._., __,,.... . - ~ .---.., ..,.. +5,...,._.._ --..._ , . ...,,_„---- s . . -----. ,. . $ Z~J ~'rJ$ --- ACQUiS[i'ION EXPET7SE 20 0 OI'ERATION OF ACQIFIRF,p PROpERTY 2 ~ ~ REi.OCATiON C451'S 22 0 AF.I.c)CAT10N[ PAYMk:NTS 23 0 5[TF CLEARANCE CUSTS _. .._--.--.,•- ------.. ......- 29 O -- FROJECT 1MPROVF.MF,NT/ - ..._._,... .... ....... ... .......-- --..__.. ,,,_ ._...---___._...,. .,..---- -......... ..,. ..... ,. ., _ _.......--------°- .,...... . cohrsTxucr~oN cosrs _.. 25 0 --29'975„- --...._ _. . -- ----- 291975 . DISP(1SAL COSTS ---- . , ..,.,...-,. 26 0 ----•, __.. --- --, ..,...--- ---....,.... ..~ -- ............ ....-~----,_...__. ...- --- . ---- 1.0.SS ON DISF'08xt1qN OF ._. --•--°-- ------. LAPID HELD FOR RFSAI.F Z6 1 .., , _. _ .. DECWNE IN VALUE OF -- ------...,... . , ...-- _....._..------- _... . ----- -• .. .. ..... .....-- ---, ...,..--°°-----...-_,_._._ i.ANb HELD F~DB RFSAIE ~LG ~ RElIAl1IfJTAT10N COSTS 27 0 RENABIiJ7Ai10~1 GRANTS Zf~ d IMTER[~ST FJGPEN5E '~Q Q ~05, 086 315, 746 420 832 - f7RF.D ASSF.T ACQUIS[7[ONS _~.._...._... _.. ..._..---. 3d ~ . .~.. ,_ ---..__, SOBSIU[FS TO IAW & . ,. .------~ -.,... ,.,._._,.. _ ..,_. ,,., „ .. -------~- - ~ , . ., . ,. ,,. ,.----- 6tODFRATE INCOME !{OV3ING _ _ .,..... _,. .--~- ---......_..,.,.._....--- ~y~~~. . ., - -~ --._..._.,. ., .. .._..._...., --~---- DF,DT ISSUANCE COSTS 3] I UTI3~R fi%PENDI7'URES 3x 8 _._.--- ---.. .,., .,. _.- --~-~----..... .,..,..------ --- ...................------ --~---- -°-----°--., nERT 1'RINCIPA[. PAYMENTS: ..., ................------ TAX A1.i11CA77pN ilONb3 & NOTFB --•-- 99 0 --•,..._ .,...,,-----~- -...__, ~ 5 ~ FJ~ ,,.. ~ 2 5 650 - REVE~fUF. poNI1S & CF.R7TFlCATL'S ------..,.,_._,..-- ,.,----- - --,._,_,..,...,,.... .,...._.... ..,._._,.....,..__, T,..._..., _OF FARTICIPA71013 _ _ . .. . , , . . --- $9 ~ ---, , CITY/COUN[Y .. ..., . _._..... . .. ... ..... . . . ..........--- -- --~---. . __ .. .. , . . - --°--------.._..__ __ __.._..._., _ ..... ...............----- AbVANCES & ;AANS ' 36 0 -----. , . .... . ,.. -------°-- SI $ ~ fiTATB, & O71iF R . _.--.----.. _..__ ,_ _, .., , ...... - ---- )ANC-TERM DF.I3T 3G O TUTAL RXPF.IV~ITUk~;S 37 0 21~ ~4~ 341 396 83 626 ~i~i ~ -- - --- --- • * n o r~r to crn:aire eozuiste~~cy, tJie n»iounts repor in i.e ~v cin~ erace nc~~~4iri,d~ shou:tdjoim-ehe bo.sis jor r3"us ta ~orted to tke I~iarlmerc~ nf f~m~sing anct CrnreTliunc~y Llevetopmant un Srhrledu[e.s IdCD-A a~ed lfCD-~ _.,_ .,. ...... ~ . ....,.,_,_._.,..------.....__......,_.._ .. I.GFA tNf (REV 5~901 INCOME STATCM~NT AGENCY NAMH1 Redevelc~~nent_~lqency of _t~ie C.~ty„ o~._ San~a r~~~~~ ~A~r ~o ~ - -- . ... _. i'ROJECT AItE~.A iVAMF~ O~ean... Park ~~aect 1B .. _.. __.. _... . F'[S(:AL YEAR ENDED ~JUY1~ ~O ~ ]9 gI - .. --- _,_.~ -------- -.. .. _ _ , .. . . ,- --,_ ,... .-- -- - --. ~{ t; i ~~ ~~ CAPITAI. 1''.X~'F:NnlTI1kFS ICON I~ PRf.)JhCI'S tik:RT" .----- ...- SF.RYICF. 1.f71VJMOI)E:N11TE 1NCOMF IIOIJS~NG . --- Si'EC1AL RF.VF.NIIR/OTIIFR . TVTA1. }'(iNl)S Fl1ND5 • F'LiNUS FUNUS i.xc;FSS (uF'.NZ~i~,nrcY) Hr.~~~.N[r~~~5 OVI.R (l1NI)ER EXPi;NpITURFS 38 U ~ 682 ) ( 341 396 ) r ( 70 7 r$~ ~ ( 412,864 ) ~ V : } r } n + , . v ' • I v • s n r n f . : n ; ~ s . .. r t ~ } • : ~ l n . } . N'~ki{P' • .]F: ~~ UTilE12 F lNANCING.SOURCES (USES) f'RrJ(:t:F:l)S OF LONG 'fERM DEE3T 3~7 O PN(kF.F.f)F OF NEFUNUING DUM~S - --~--•-"--~-------..,_.._~_,...--------,... 3J 1 _ ,, PA1'MF.NT 7'O REFUNUED bOND . _._,. _......---- ~-~--...._ . .., ._ _..._._. ... .,..... ----~~ --- ---- ------- FSCROW AGENT _... . . ...-------.._.. _. , 3J'L 1-...,..,. .~ ~ ~ ~ ~ 1 ~ ~ ADVANCFS FR061 (,'17'YI(:OUNTY ..., .. ...,._ _..,..,......°-~---._..,,,. 9n t) ` ~~L~~a ~ , ..,..----'°- ---.. ,..,,...._,..._,.----° ,_, „ ..., ._..._..,_ ... ------ _ .--- - - - -..... _,.... ~-----,_ ........ ......... . ._.. ., .. , ._.,... { 1$ $Q8 } .__.......-----r- ._..,,. SA1 F. nF FIREU AS5ET3 ~ ----..,.....,._.. -- Q I O -- . MISCF:I,Z,ANSOUS FINANCING „ „ . .....~----,_......, . ..,... - ---..,._ ------ ---.... _..__.....,. ...._ .__......_,.-~-°---~-~-- SOURC£S {USES) A 1 1 OPERRTING TRANSFt:RS IN _..- -~----._ ......_--- ----.... . QZ 0 --- ,~...T.. ~m,._~.,. 923, lZ2 - ^T • -^ ----._ _.. ...._....._ 423 ~~.,22 rAx ~NCeF1vE[rrTxAMSFFns IN y • • , , r h '`: ~ ` '~ ^ r~•' r f. ,- - .., h: . n ., k . r`' " Y , " ; ~ (IAW de MOb EIOUSING FUND) -----._..._ _.._....._._ ---"---°-•~- -~--~ 4L 1 ---~ • ~ , , ,~"c~~ . ~_.._.M... " .._. . ry i u . , v , . ;, v , v, ;; x " ., n, f . . , ,,. ~.. .....~'`~.r; .¢ t...r. x~w ~Q~ ~ ~~.~J ~ <,~ 'f'~ . . ~ " , , • =a• ~ ~ ~Qg ~ ~~~ f:RATfNG TRAMSFEtt5 OIl7 ur - --. -.. 43 O --- _. ~ - --z9,3 r521----.)_- ~ -- - ~ -~--._.._..>--- - - -~ _ _ ..~------------._..... , _,..) . ~._...._293, 521 _..~ T~ ~( INCR£MENT TRANSFF.IIS OIIT .4•, r's s••~, ~. , ~,. (TO IAW & MPD EIOUSlNG P[1Nn) 43 I ' ~' TOTA 1. - OT1fER FINANCiNG SdURCF.S (iISES) 44 0 $ ( 42i 754 ) $ 423 122 $ 109 3$5 5 s 110 753 ;~. r~ + „ix n }<S'+ti... .+4n } ~syuS.~l+i+.r iahs~ }~ r ..~, z i . ~ / %~ i1' r%.. . . }~~,~ . :: v ~ J ~. hr )h} .J} r ~firii v n{hr+iVtiy h'Jn~.u. r. .... i'.~if~ri~.,.. • • ~ ~ •: . ' v.W{. r+.iifY~.1~K. , • . :. r.. tiY.x~yr iriai4t rli.~.~.•~.. ~ ri . . . v`. : .. . •y tr ~-0iwi{}~. ir'r~~vv~'3{Gf 1sXG~E.~S (D~FIi;lENCY) OF RF,VF,NUES & 071l~12 FINANCING SdURCF..S OVER ' F.XPF,NIIlT[IRF.S & U1HER FlNANCING USES (LNE 98 ~ LIME 4<) 4~i 0 $( 422 436) $ $1 7Z6 38 ~ 599 $ { 302 lIl) N QUITY, ~~c~Nr~iNr o~ r~R[on.__------- . . . 4~ 0 . .. 5( 404 .397) . 245 S._..........115, 213, 377 $ $ , 775) ~ 75 5 A~J E)STM EN'I'S: . _ _... -- ----- . ._.. ... . ----~~ ~'RIORFF.RIODAD.IUSTMEMI'S 47 0 136 913 _______ _,...._._ ..._. ..._ , HES[l7ilAL k:4U1TY TRANSFERS , _ ..,......,._,.-- 48 0 .,..-~- -- OTIIER - {~(p=,A~N) -- 99 0 ---~---° .... ..... .....-------.._., .-- -. . . _,...--- a ~0 ~ f:Ql11TY, F.Nb OI~ 1'ENIUI} (MIfST F.QIFAL YAGE 04, uN~ se) hl o $( a26, 833 ) $ 333 ~ 884 $ 251 976 $ (2q0 973) --.. .. _ _- --~~-~---- nd IIC, - -~---~,__..,....... n ar~ ta e~rsu.re cart~ f ~~ _...^... .J .._.....~'. ~_. d shauld ann fhe bnsssfor lhe ~ala ~orted ~o the l) ,ar~Ei~ert~ Ilr~,sn~ a~t~ G~:n rclte l~~lkuelo ~ ~~h~r~a ~i~rcn ~t a~„ ._ ....... .... ........-----..,--------,.__.. . !)-C 1(.;F'A RlY (BF.V 5/Fi0) --- AG~NCY WIYG-TF.KM ~FBT SCHEDULE A-i!p TAX ALI.OCA'fEON fiQNi)S. iti;VH;IYU~ 13Uh1U5 AND CI~:RTIFfGATl+S OA' 1'AKTI(:Ii"ATI(1N AG1~.N(;Y NAME R~C~EVelOjii7ET1~,,..11[~G37Cy O~ ~12 City..,,c~f Sant,a N1~zica ~AGE ~ OF _~ }'IStiAL Yt.AR F.NUE.D ~~~ 3~ , i0 9,1 1~~ZUd1'.C;T ARFA NAME ~ean ~~~_„~~~Q~~~ ~...----- --- - 115E A SEPA1tATE COI.IIhIN Pl1R 1.ISTING EACII DUNU 11U'Cl10RIZATiON NOT F Uf•I V RET[kk.ll VSh AI/U1T10TFAI PAGFS AS NEC~SSARY .._ i . . ._.. _ L_.: .I ~-- -- CnnING BOXES FOR CONl AOI.1.F A 5 llSF. C11v1.Y I ~~ ~~ ~ ~ INbICRTF TYPF. OF DEBT TA?C ALIACATION T1X AIlOC~~'1'On fl()Nl1, RF.VFNIJ£ DOND (7H C~.RtIF[CAYE ~OTAL ~n~ tiF P/1RTICfPAT[nN YF.AHOFAITTIIOli1ZA'iION --I.O ... .. ..1988 PAINCIAALAMO[1NTAl~71tOH[ZF.lJ IL S. ..~r3E~l~.[~J~O ~ ~ s ~ 3~~ ?~Q S ...., .---.---.--.._._,.,. _ .., ,_,_....,.. i a ...,,._.., PRINCIPAI. AMpIiNT l]N15S[1FE? ------....--- Z.Z -._. PRINCIPAE.AMOUNT ONMATU9F,S) ...-•- ....__.._.._.... .---°-., ,, .._..- ~ - ----.,- ...,..,.._...__...,..----..,__...-----.,,___ _..._„ .,,. , ..,.....,...,... ..,.---~---------------.,.. .......,_ BECENN1N~OFF7SCAI.YFAR __,,. .. ._.~...---. 2,p .,,_,._.. 2,344,950 ._--~-~- -- 2,344,950 A~.fVST11F.HTfS NAbE b[iRlNG YF.A1t ,_.... .,._._. ...... .........._,..,.._......- _...._._.,, ., _,.,,. . ....,.,. ..,-- (Fxrwx] ....~ _.._ ----.._.. S.0 __ .. . ,. ..... ._.. ._.. -----_.. ......... ------- retxc~r~i. A11tOVNT IfiSEIED ---- ---~-- .._.., . . .. ..__..... .... ._. .. .. ...... i]CfRlFfC FISCAL YF.AR -- -----._... q,~ __--~ ---._.._, ....,_.,__....., ..------- ['RINClPAL AMOUNT MATURED - °---_.._..__,. . ..., .... . .,,._°--.,_..._.,,..,._._,_.,..---°---- --------~-~----~--.,..,._,.,.... LURiN6 F19CAL YEAS ,.,.- •---- s.fl ( 25, 6_50... ) - ~ ~ ..._..,--------_._..-----°---._.... . ,..., _, . t } ,..---~---~-------~--.._,.----- ( ) ~ Z~~~ -,- ~. PRINCiPAL AMOUNT bF. FF:ASF.D D[INING FISCAI, YF.AR ~.1 ( ~ ( ~ ~ } ~ ~ ~ ~ PAINCIPAf, Ai~fOVNT i1NMAT1IRF p • ENb OF FISCAI. YEAR ~.p S 2 319 300 S S $ S PRTNCIPALA-IOUHET IN DEFAULT 6.1 irrrEeFSx' iN n~~nuz.r 6.2 ~~ ~ REV£NUFS PLEpGED A3 ADD[TIONAL 3ECURITY ~~~~ ~~~ EX7ENT PURI'i)SE OF bFilT 1iY A[1TtInR7ZAT[OIV -°...._ ,_.."- -----._..... _--- ~ - -- PfCtFY NATURf OF I1fVENUE ~---~--°-- -..., --'-- -.._1.,.------~----.-..__, . . ,_ ,.- ----- TiEDCEU . . ..,_., ,..- --....., . ,.._..- --- ~ - ~, ~ . ., ......,..---------- . . ., ,..,--~---- ----,._._,., ~ __--- --.._...._..-'-----.., -----. ..,. % IfiiFA 8Q (REV S/BO) OTHER LONG-TERM UCf3T SC4#EDLlLE 13-~tP AU~NCY NAML F~ieVe~.O~m~ent Agency of the City oE Santa MpniCa ~sc,~~. YF.AA F.NI)F,~ ~~e 30 ,l~ 91 1'RUJl34T ARF,A NAMF. OC~c'11'l Pi~Yk 1B 115F. A SF_PARATF COI,UMN FOR LIST~NC FJ1Cli ROPfi) AUTIIORI7.AT~ON NOT FUI,LY RI:TIRF.D USE AnDIT10NAl. PAC ES AS NECESSAHY l fi . - . 1 7 ! 1 R ...... _,..-- ~ 1 9 ~ ... . ._.._ . ---...--- -~-- . . .... .. . .. . . . ... _ ... ~ ~- ---~--_ ._ . . .. ....---._.. _ ~ .. . . .. .- ------. A __.. .._ . _.. . .. . !~.. .... . . _. . ..... __._ ._.._ C~TIiF,A IANG TF.Hhf IN{1EF3TFDNESS (i.0) CITY/COEINTY STATE U S OTHER TOTAL PRL.....,,..,,~.,.,~,,., IiNMATURED- BEOlNNINt; OF F7SCA1. YF.AR __ E O 5 ~~ ~rj3 ~$~ ,~?_ _ $ S 5 S 1~353, 865 ADJlJ5Tb1EN75 MAnE AUNINC YEAR cf x~~.+,~ a.n 1 NT F.HEST Af?DED TO PRINCIPAL $.1 ~.~-~ ~ 752 11I} ~ 7SQ PRlNCIPAL AAIOUNY AECEIYEri dLiRING FISCAL YEAB 4.O PRlNCIPAL AMOUNT MAT[1RED DURINC FISCAL YEAR 6.0 PNlNC~PA1. AMOUNT [TNMATl1RF.D ~;N~ a~ ~scntxF.nx G.o S l, 335.017 5 $ $ g l, 335, dl7 U;FA 80 (RF.V S/90) ~fOIV-AGT'.NCY 1.()N(i-TFRM ~F:13T M[)ItTi:ACI. Iti,vr~vrn: IS(1NpS, INI)IJSTit1AL D~:Vl;I,OPMENT 1lONDS, c;rRTlFrCATA;S U~' PANTI(,'[1'ATION SCHEDULE C-RP A[;I:NR;Y 1VAM1: ~C~~IlG7.D~xTlei'lt ~1qeI1Gy 0~....tha ('i t,~ nf.. Sant.a Nbnica PAGE..1 OF .l . F'1S( AI Yk.AR f.NUF1) ~T+_me.,_30 ,ts _91 PEZOJ~:c~T Aftl~- NA~4iF _ Ck:Pan park ~?ro~c~t 1B .. .-.---- tISF A SF PARATF. COf U~~N FnR L15TiNG t:ACFI IiONb A1f7110R['LATIUN NU1 tlli { Y RF.TIRFD ZISF. ADDIt10NA1 I~AG~S AS NECFSSANY r -- CUIIINC IIO]KFS ! U!i CONfAOl.Ll.H S USF ONS,Y l [-~~ ~--~--~ ~. _ . INUICAT~ 7YPF. OF flF~3T AIORTGAGE HFVt,NUE ~3Ut7l15, INI)USTRIAL Df VFIXIPMF.N7 TOTAL 1lON11S, CFFt'TEFECATES OF PAATICIPATIO'V YF.AN oF Ai1T1i0II17.AT10N ].0 PRtN[.It~AI A610UNT AiITlIORIZF.D I_I $ s $ 5 S i'R[N[.EI~AI AMOUNZ' UN[6Sl}ED ~.2 . _.._,_,_._ ,. -- --- - ._. . .------. _...._. . .. 1'NINCIPAI AMOITNT 17NMATi1REIf .., ------.._,. ,. .. , ..--- ~ --- .... . . _ __._... ,..,.,. . ,.,_. ,. . ,- --~ -- bEG1NNINCi OF F[5CAL YF.AR E.O ----...., ----- ---° - _., ...._..--~--- --_.., Ai?JUS7bIFNTS ~iADE DVAING YF.AR ......_.__.. . „_..._ _. ,. . __.. ,_ ,.--- -_..,, , -- -- -------,_..., -'---•.., (Fxrf.r.[u? 3.0 _...---- ... ......... }'qtNCEPAT AMOUNT IlS5UED ......--- ~---- . . .--- .. --_ ... . ----- ---~„ _ .....----- - ----... ._....--~-- .. DVRINGFlSCA1,YF.AR 4.0 .,----. .- ------...,_ ........._... .--~- -., . PRlNCIPAL Ab10lINT MATIiRE'n ......_.._ _ . .._.. _~.. ,._------...,.... . „--- --.__...,.,... _, _.._..,_.._.-------- Di1RlNG.F75CALYF;AR ~.O ----. . . ----•. ~ ~ ._. _... , ... _.. , ~ ~ . _.-...... ,._....__ ~ ~ __.,.....,_._._-,_. , . .._ ..---- { ~ _. - ~ ~ . __ . __.._...----_ __ YHINCIPAL AMpVNT DFFEASEII . .. .~.__.. _ DSJRfNGFiSGALYEAR S.L ( } ( ~ ~ ) ( ~ ( ~ FRINCIAAi AMOVNi UNMATLIAED END OF FIbCAL 5'EAR 6.0 s S S $ $ PHfNCIPAi AhdQl7i4'i' [N I)EFAUL3` s.I 1NTFitFST {N nFFAUT7 6 2 ~ ~~~~~ RF.VFNUFS PLF.DGEI) AS AnDITIONAI. RECURI'i'Y ~ ~ EXTENi PUAPOSF, pF UEIIT E~Y A~,f71lORIZA710N . ,.,_-•-.~-----....,_._.. -_._.. ,.,.. _,_....-_,..... . , SPECIFY NAil1RE OF REVENUE) ..-- - -----., ._..--~------..... .. ..,.__..,.,,....-°--,_ YLEbGED ._. .. _ _ ..... . ..........---- - . , ._, _ _, .._._. ., ,., ,,--~-°--- -..,. ,. . , .._.. - - ---- -.. .... _.. ,~.. ,. _....,__ ,_.,,_,. .. ~° ..-- ----..... .------...... ..--~ --.. . , .. .. ..,-------.._... x -._ _.... _..---,....,.._.. .- ----. Y. % f~f:FA SQ (RFV S/00) ASS~S.SF1) VALUAT[ONS - ANI) - 9'AX INCftF.MF:NT REVGNIf~'~ scliN.t~U1.k; 1~-Rr _ .. nc~i.-v[,v ~nMi: R~d~v_el.o~me.nt AcJency b~ t~~e City of~an~i!!b~~Ca._.... PAG~ ~.._3__.~_..__ ~_...~ ri~~c~n~ YF.AII FNUFII _Jt~~7 30 iu ~]. l'kii)JI.(.'l' AIt~A NAME ()CEat'1 ~~ark project_3.B ASS`ESSEU VAI.UATION DATA -- -- ~.... A f f----~-~--1 I~~.... ~ S M:CU RH,U [lNSECU itisU TOTA L ~ jtut.f:N IiA.tiC Ati.tiiStil.n vn~.un•r~c>t~ i o 5 S ._...__.__.~Q_R.675,A.04. ....... _. ..... .._ _ ..--- - ~- _. _. . . - ----------_. . .-.-__ -......... _. _. .. _ _ $. . ~Nt;I~I.M~:~~'nssl_titi~:l~ VnE.UA7'jUN xu 17~38~.r888 rornt. n~.si~~.Sr.n vni.tin~r[r~N ;i rr S 2~,~3~, 551 5 21, 337 S 28,056, 888 TAX INCREMENT RFV~'NUES E ... A _,. . . . -- --~.,...__... ,, . .... ,,_. ~,., ,~m..,...,:.,..~ ,.- .,..-,...-., , , . y...- -,,.w ..~...,.~.~., ~__,__ , ,,: , ,N.:.....y_....,,._,~~--~., _..,.._,. _,...._,._.^.... ~ ~._ [i .., .. .. ~.~.. ~ MUiJN'{5 NAfU PU TNCIN[: A(;F.'.NCIi~S ilF.ALTI[ & SAFF:TY CUDIs l~EAt7'E1 & 5AFH~'Y (;OaF, I'UItSUANT TO SRCTIUN 334U1 SE(,"f'iON 83676 TQTAL (~OiJNTY q.p $ ~ S {:1T1hS 6.0 SC;f(()UL DiS"C1tiCl'S G U (~UMMUiVITY Ct)t,l li(.F I)ISfRSC,"I:~ 70 til'I;CIAI, UISTI{Il;'!'S K {1 AI L O'~'ill;it At,I~NI ~IS 90 . i'(1TAI. I'All) Tf1 fAX1Nc: At.l?N('fE:.S 1IIU $ S $ TAX tN[;IZ~:Mk.N1' AVAIi.i1FiLE ~~^ , f'u~a ~ir.r~r:vi•.~ «Pflff'iJT ~'~11t1'(Tyl:ti t! (1 S 1'4}TAI.TAX IN~'Eti.{11i NT AIJ f)(;ATI•~I! - - 12 U s 1 ~ d A Mfl i H4 Y 7ini1) s~-.~~r~~~~v~r a~ iND~~sT~~~v~ss ~, r r~['lf NAME : ct~vela :xnc~nL nc etir. PAGE 7 of 2 Fti?~'oFt'C' YEAR:~~4-91 ~ROJECT IU~NTTFICATION: c:ali~ornia R 37 44 (Ocean l~ark) 1F~--27'~ ~ i3 G I) ~ ~ G ! QZ~G~, ~~l;~MC.~a ~~via~v 1'Y1R 131tT1~C.! i nnn_oi Tk~l' I~NTIFI~A'1ZUN OATE ~iINCIpAI, TF~! RATE ~p pr~+r_ir,w~ L1 ...~ w 3~ ~ 19 ~ 0 ~ . - Not.~ l~ay e to z y o ~ • ~ ~ c Ci~.yY"s"~nv ~n~_ _ Sant.a Monica {Nate 1~2} ._.---~.---- Ol/01/90 $ 63C,~673 ] ye1,x r 36 b73 r ~7 110 est ~ Nr~te 1'ayable to (,i ty of ~ . 01/O1/90 3F36,391 ] year ~~v i v s Inv 4Q3,511 385,191 34 64] est ~1 , ~ No~.e I'zyable to Cit oF Santa Monica Note ~4 t~~ ~OI/94 2(}0 1~,4 , i year ~ g s nv 209 142 , 200 ] G4 , , ] 7 955 est i Note Payable to City of ~~l r U]/Ul ~0 ~ 72 723 r 1 e~-ir y ~~v~'OS~ .Pf~'lv 75~985 72~723 6~523 est: ~~u~3s-q~i~n of c_)ff-Site 05/Oa/t39 ] 093 5~0 ~ , 50 years None 970,920 ~ c 2(f 7~0 -~- M~lo-zsiny '~'rust i'w~d 08/22/89 6U, ~iOG C~acn None f 6, 310 66, 31U --0- ~ Elo+a:~incj Trust E~rid 08/fl9/88 ] 4E , 345 (]pen Nr~ne 136, 942 .l3fi ~ 942 -D- ~cean Par Re u-ancl ny ~ F3onc3s 09/O1/a8 6~ l, 250 3(3 years 5. 2~ - Q~~4 ], b90, ] 6(} 6, 750 50 371 _ , ' Cx;ean Park fLefuncli nc~ f3onds Q~/01/~38 1, 72i~, 00Q 30 years 5. 2~ - . ~ 2r 4,421,612 1~3,9{l0 135,774 ~vr~z. ~nas ~ ~~ ~ - - ~ ~ ` _ _.. ... _ nv~~~~~~' ..,,;~~;~ $ F3,549rS1U $ ]~545~493 $ 302~374 ~ ~Ftia[aE.;E OF ; 11) ~develo nt ar~i o ~eration casts E9) i sts C;) al r'ect rtion closeout costs ^) eral ro'ect r~ion cZoseout oosts 1's) ' ase of Units at 175 O~cean Par Bouleva F} L[xa anc~ 1~'Icx3eraL-e Inccrne Housi nc~ '1'rust I~~nd ~ * * G) Hy ~r J~ * Esti~nate of full 12 months interest (Ul/Q1/9Q - 12/31/90) , sT~~rr~r~v~ c~r ~~vn~~TFn~v~ss ~~,I ~IC:'Y ~lAMI;: ~ant~ Mc~nica Ft~:c~E:vela~xt~er~t Ag~ncy PAG~ 2 of 2 ~ I~c~lt'f' YCAR: ~~y~-~~ PRpJECT IDE;NTIFICATIDH: Calitornza ft 3~/44 (Uc-e~i F~axk) 11i-27~ ~ ~m^~}~,~~r~CTr+w~T~l ORIGINAI, INI'~'I' • 199Q--91 f~'.IJI 1.••-~~11t'A~,C1a~,v~~ a.fu~a rllJ.iR.LCAL irRV7 +Sffl,G ~.....~~ tnnn ~llf-:~~1 1[ll~~ ~) f i ~ ._._. ~ ' •--- - - I -) I ` _..._.._. --- ~. __ - --_._... I} ~ ~ (:) ..._ - -- . . ..- -- _.....__ - ---- - ~. .. ......~,.,~ . . [7i~IFFi F'~YaE 'I~0-I'AIS ' ' . ' + ~ __.-•-. --. ^ ~ ~ R t , ~ ~ $$ 5a9 810 r r ~, . ~ , , $1,~9~,443 $302, 374 ~ ~UWT) 7C1I'Af S ~ • ~ r ~~~~ ~. -~ ---,--- _....__. . ---- r ^~ ^ ~ 8,58~~,f31.(} i.,545,443 3f)2,.374 ti ^ ~.~:. - AVA 1 L ABI E FINIUJCINC; .,. ^. 1 ------ ----- _.__ ' , ' S58, 308 372, ] Ei3 18G,195 NE: I' 1tF]Q[ T:~I' ~• ,: :, r --- - . . $~3, 031, 5c~2 $1, ] 73, 280 $i16, 229 ' 1 RIt1C~;E OF IN~l~: ~ ~) '~ 1 ~} ,~ a} '~ - Pursua~rlt t~o sectiQn 33675 a~' tl~e H~ar~lth ana safet~- ao~de, I 1~~by vertf ~r that the ~ is a truie ancl aacurate Sta of Irrle~e~ss. 9~Z']~go 5igr~ature p~~ Name {please 'IYC~e} Tftle SIIPPLEMENTAL TO THE ANN~AL REPnT~m n~ ^--- -- __JpMENT AGENCIE4 19545000 REDEVELOP1yIENT AGENCY OF THE CITY p~ SANTA MONICA 1685 MAIN STRECA R944010~ SANTA MONICA, The U.S. Bureau of the Census requests the fa~lawing information abaut the fiscal activities of your government for th~ year ~nded June 30, 1991. Governments furnishing this information wil~ no longer receive Census Bureau Farm F-32, survey af Local Govern~nent Finances. ~f you have any quest~ons please cantact Marian Paddy at the CensuS Bureau 1-500-242 -4523. A, PERSONNEL E%PENDITIIREB Report your ga~errment's total expenditure for sataries and wages during the yeer, includ~nq amo~nxs paid on force accvunt construct~on pro~etts • ~~~ $ ~R9,$~3 S. MORTGAGg REPENIIE BOND INTEREBT PAYMENTS Indicate the amount of interest peid on martgage revenue bonds dur~ng the year. II2~ $ C. CASH AND INVE3TMENTB HELD AT THE END OF THE FISCA3, YEAR Report separately for eacEr of the tMree types of funds Listed belaw, the total cash on hand erid an deposit snd ~rnrastments ~n Federal goverrment, Federal ager~cy, 5tate and lxal goverrnient and rion-goverrn~ental secur3ties. Repart ell investments at par value. IncEude tn the sink~ng #ur~d tetsl any mortgages and notes re~eivab[e held as offsets to housing and industrial f~nanciog loans. Exclude accwxets receivable, value of real praperty and non-securit~ assets. 1. sinkinq funds - Reserves held for redemption w~i of long term debt. $ 2. Bond funds - Une}cpended proceeds from sale af bond W31 issues he~d pending disbursement. $ 3. All ather funda - Exclude employee retirement funds. ~P61 $._ ~~1b~.029