SR-120208-1Lc7®
~;tYOf City Council Report.
Santa Monica
City Council Meeting: December 2, 2008
Agenda Item:
To: Mayor and City Council
From: Barbara Stinchfield, Community and Cultural Services Director
Subject: Minimum bid terms for the restaurant concession at 1633 Ocean Front
Walk and criteria for selection of concessionaire.
Recommended Action
Staff recommends that the City Council:
1. Authorize staff to submit a request to the State of California for approval of the
minimum bid requirements and contract term for the concession stand at 1633
Ocean Front Walk.
2. Approve specific evaluation criteria for selection of an operator to provide
concession services at 1633 Ocean Front Walk, as outlined in this staff report.
Executive Summary
In accordance with State law, the City must request approval of the. proposed minimum
bid requirements prior to issuing a Request for Proposals (RFP) for this concession
located on Santa Monica State Beach. Pursuant to State law, the rental requirement
will be the greater of a flat fee or percentage of gross receipts.. Staff is proposing a
minimum rental bid requirement of $75,000 per year for the flat, fee and 15% for the
percentage of gross receipts. The proposed contract term is up to ten years. At a
minimum, these rental terms will double current revenues to the City.
Following approval of the minimum terms by Council and the State Legislature, a
Request for Proposals (RFP) will be issued and a concessionaire selected based on
selection criteria approved by Council. The proposed selection criteria give preference
to high performing incumbents and small businesses, among other considerations, and
are consistent with prior direction of Council to consider incumbents and small
businesses in the-award of these types of contracts. The proposed criteria are. similar to
those used by .California State Parks in other state park concessions. Staff believes
that together these criteria will provide the evaluation committee with the tools
necessary to identify the most qualified concessionaire for the Santa Monica State
Beach location.
1
Background
Hot Dog on a Stick (HDOS), located at 1633 Ocean Front Walk, is the. original
concession in the chain founded by David Barham in 1945. Mr. Barham sublet the
storefront from Selma Doumani from 1954 through 1958. In 1958, the State of
California acquired the property subject to the original lease by Mr. Barham. In 1998,
City staff contracted for an appraisal of HDOS to establish current market rate rent. The
City did not seek a new use or tenant for the location since the original HDOS
concession has become closely associated with the Santa Monica beachfront. The
current Beach Lease and Concession Agreement No. 8135 (CCS) with HDOS expires
on June 30, 2009.
Discussion
Following expiration of the current agreement, anew concession contract will be
awarded through an RFP process in accordance with State and City laws and
ordinances. Minimum bid requirements must be approved by the State Legislature as
part of the State's annual budget process. Requests for such approval must be
submitted one year in advance. Additionally, the State Parks and Recreation
Commission is required to approve the proposed concession as compatible with the
unit's classification.
State law requires that rent for concession contracts be the greater of a flat fee or a
percentage of gross receipts. For this concession, staff proposes a minimum rental
bid requirement of $75,000 per year (adjusted annually based on the Consumer. Price
Index) or 15% of gross receipts. The recommended rental bid is based on a Complete
Appraisal Development submitted in April 2008 by Thomas W. Erickson, MAI, Real
Estate Appraiser and Consultant. The minimum percentage rent also is consistent
with the percentage rent paid by the concessionaire of the other beach concession
stands, Perry's Cafe. Staff recommends a contract term of up to ten years, which also
is consistent with the Perry's Cafe contract.
2
Proposals received in response to the RFP will be evaluated based on criteria approved
by Council. The recommended criteria are similar to the criteria used by the State for
other state park concessions and are in conformance with the criteria used for other City
leases as described in the Information Item of October 2, 2007. Proposed criteria
include:
The scope, extent, applicability, and quality of proposer's experience, particularly
with regard to the development, management, and operation of comparable food
service facilities. Preference will be granted to high-performing, incumbent
concessionaires.
• The extent, appropriateness, and quality of proposed capital improvements.
Proposed improvements will be evaluated based on the extent to which they
address state health codes, contribute to the desired visitor experience and are
consistent with the other physical and operational aspects of the site.
• Financial resources, history, and references of the proposers) and the financial
feasibility of the operation as proposed. Preference will be given to Small
Businesses as defined by California's Small Business Certification program.
• Compatibility of the proposed operation with the beach and the Pier and the
proposer's demonstrated understanding of and commitment to the City's goals for
the beach.
• Quality and feasibility of proposer's food service plan and commitment to healthy
food standards.
• Competitiveness, appropriateness, and feasibility of proposer's rental bid. Bids will
be weighed against the quality of services and capital improvements proposed.
By providing a preference for high-performing incumbents, the City can reward high-
quality and reliable operators and support the continuation of traditional services valued
by the public. A small business preference will help to "level the playing field" between
large and small operators and is compatible with the small business incentive program
used by the State. Staff believes that together these criteria will provide the evaluation
committee with the tools necessary to recommend the most qualified operator for the
site.
3
Financial Impacts & Budget Actions
Previously, Hot Dog on a Stick, Inc. paid $26,400 per year in rent, adjusted annually
based on the Consumer Price Index. Thus, in FY 07/08 Hot Dog on a Stick, Inc. paid
$31,769 in rent. The proposed new terms will result in an annual rental payment of at
(east $75,000, an estimated net increase of $43,231. No additional budget action is
necessary.
Prepared by:
Callie Hurd, Open Space Manager
Approved:
Barbara Stinchfield
Director, Community and
Cultural Services Department
4
Forwarded to Council:
THE REDEVELOPMENT AGENCY
OF THE CITY OF SANTA MONICA, CALIFORNIA
(A Component Unit of the City of Santa Monica, California)
Basic Financial Statements
Yeaz Bnded June 30, 2008
(With Independent Auditors' Reports Thereon)
TAE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA, CALIFORNIA
BASIC FINANCIAL STATEMENTS
YEAR ENDED .TUNE 30, 2008
TABLE OF CONTENTS
FINANCIAL SECTION
Independent Auditors' Report .......................:..........:...........................:...........................................
Management's Discussion and Analysis (Required Supplementary Information) ............................ 2
Basic Financial Statements:
Agency-wide Financial Statements:
Statement of Net Assets ..................................................................................:................... . 4
Statement of Activities ................................:..................:......:.........:...............................:... : 10
Fund Financial Statements:
Balance Sheet-.Governmental Funds ......:.........................:...............................................: . 11
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net
Assets ....................:.......:.........:........:...........::.............:.............................................:... . 12
Statement of Revenues, Expenditures, and Changes in Fund Balances -Governmental
Funds .......:...:...:............................:.......:.......:............................................::.................. . 13
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund'
Balances to the Statement of Activities :.:............:........:................:..............:..: . 14
Notes to Basic Financial Statements:
Note 1 - Summary of Significant Accounting Policies ...:...................:................... . I S
Note 2 -Cash and Investments ......:...........................:.:...................:............. . 21
Note 3 -Notes Receivable .................:.......................:.................:................ . 24
Note 4 -Capitalized Lease ............:.....................................:.......................... . 25
Note 5 -Capital Assets ..........:.:....................................:.........................:..:........ . 27
Note 6 -Other Liabilities ........:............................:....:...............:.........:..:...: . 27
Note 7 -Long-Term Debt ..........:........................:.....:.......................................:.....:.. . 28
Note 8 - Interfund Transactions .....:.................................................................................... . 31
Note 9 -Prior Period Adjustments ...............:..............:....................:....:............................. . 32
COMPLIANCE SECTION
Independent Auditors' Report on Compliance and Other Matters and on Internal Control over
Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards ....................................:.:......................,.....:............................. 33
It~'sdyEr 3'%C3±'ir4ie t? ~Cb~t3t1 ``(;. .
An Independent CPA Firm
2301Dupunt Drive. Suite 200
Irvine, California 92612
949474-2020 ph
949.263-5520 fx
www.mhtn-pc.com
Board of Directors
Redevelopment Agency of the
City of Santa Monica, C.aliforltia
Indenendent Auditors' Renort
We have audited the accompanying basic financial statements of the governmental-activities and each major fund
of the Redevelopment Agency of the City of Santa Monica, California ("Agency"); a component unit of the City
of Santa Monica, California, as of and .for the year ended June 30, 2008, which collectively comprise the
Ageucy's basic financial statements, as -listed in the table of contents. These financial statements are the
responsibility of the Agency's management. Our responsibility is to express opinions on these basic financial
statements based on our audit
We conducted our audit in accordance with auditing standards generally accepted in the United States of America
and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement: An audit includes examining, on a test basis, evidence supporting,the amounts
and disclosures in the financial statements. An audit also includes assessing 4he accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audit provides a reasonable basis for our opinions.
ht our opinion, the basic financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities and each major fund of the Redevelopment Agency of
the City of Santa Monica, California as of June 30, 2008 and the respective changes in financial position for the
year then ended in conformity with accounting principles generally accepted in the United States of Attierica.
The information identified in the accompanying table of contents as Management's Discussion and Analysis is not
a required part of the basic financial statements, but is supplementary information required by the Governmental
Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries
of .management regarding the methods of measurement and presentation of the .required supplementary
information. However, vie did not audit the information and express no opinion on it.,
In accordance with Government Auditing Standards, we have also issued our report dated November 24, 2008 on
our consideration of the Agency's internal control ovei financial reporting and on our tests of its compliance with
certain provisions of laws, regulations, contracts and grants. That report is an integral pall of an audit performed
in accordance with Government Auditing Standards and should be read in conjunction with this report in
considering the results of our audit.
Irvine, California
November 24, 2008
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Management's Discussion and Analysis
Year Ended June 30, 2008
As management of the Redevelopment Agency of the City of Santa Monica, {the "Agency"), we offer
readers of the Agency's report this narrative overview and analysis of the financial activities of the
Agency for the fiscal year ended June 30, 2008. We encourage readers to consider the information
presented here in conjunction with additional information that we have furnished in the Agency's basic
financial statements, which immediately follow this section.
Financial Highlights
The total assets of the Agency exceeded its liabilities as of June 30, 2008 ("current fiscal year"} by
$147.8 million.,Of this amount, $65.7 million are capital assets, net of related debt, $43.0 million is
restricted for use as specified by entities outside the agency, and $391 million is unrestricted for use in
accordance with finance-related requirements reflected in the Agency's fund structure.
The Agency's net assets inereasedby $22.1 million during the fiscal year.
Atthe end of the fiscal year, the Agency's governmental funds reported combined ending fund balances
of $106.8 million, a decrease of $9.1 million from the prior year.
The Agency's investment in capital assets increased by $41.4 million. Please see further detail of capital
assets on page 7.
The Agency's total debt decreased by $3.6 million during.the current fiscal year. Please see further detail
of long-term debt in page 28.
Overview of the Basic Financial Statements
This discussion and analysis is intended to serve as an introduction to the Agency's basic financial
statements. The Agency's basic financial statements consist of three components:
1) Agency-wide financial statements
2) Fund financial statements
3) Notes to basic financial statements
Agency-ode Financial Statements
The agency-wide financial statements are designed to provide readers with a broad overview of the
Agency's finances in a manner similar to the accounting used by most private-sector business.
The statement of net assets presents all of the Agency's assets and liabilities, with the difference reported
as net assets. Over time, increase's or decreases in net assets may serve as a useful indicator to determine
whether the fnancial position of the Agency is improving or deteriorating.
The statement of activities presents information showing how the Agency's net assets changed during the
most recent fiscal year. Functional activities are highlighted in this statement, whereby direct and indirect
functional costs are shown net of related program revenue. This statement shows the extent to which'the
various functions depend on general taxes and non-program revenues for support.
REDEVELOPMENT AGENCY OF
TIIE CITY OF SANTA MONICA
Management's Discnssion and Analysis, (cantinued)
Both of the agency-wide financial statements highlight functions of the Agency that are principally
supported by property tax increment and bond proceeds. The governmental activities of the Agency
include redevelopmenf activities and interest on long-term debt. Redevelopment activities, in general,
include providing needed public improvements, assisting with development"and rehabilitation of existing
properties, and providing low and moderate-income housing to eliminate or alleviate blighting conditions.
The agency-wide financial statements can be found on pages 9 and 10 of this report..
Fund Financial Statements
Fund financial statements are designed to report information about related accounts, which aze groupings
(funds), used to maintain control-over resources that have been segregated for specific activities or
objectives. The Agency, like state and Jocal governments, uses fund accounting to ensure and
demonstrate compliance with finance related-legal requirements, All funds of the Agency are categorized
as governmental'funds.
Government funds are used to account for essentially the. same functions reported as governmental
activities in the agency-wide financial statements. However, unlike the agency-wide financial statements,
governmental fund financial statements focus on near-term inflows and outflows of spendable resources
as well as oh balances of spendable resources available at the end of the fiscal year. Such information
may be useful in determining what financial resources are available to finance the Agency's
redevelopment programs.
Because the focus of governmental funds is narrower than that of the agency-wide financial statements, it
is useful to compare the information presented for governmental funds with similar information presented
for governmental activities in the agency-wide financial statements. By doing so, readers may better
understand the long-term impact of the agency's near-term financing decisions. Both the governmental
fend balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund
balances provide reconciliation to the agency-wide fmaz~cial statements on pages 12 and 14 to facilitate
this comparison between governmental funds and governmental activities.
The Agency maintains seven individual governmental fiinds. Information is presented separately in the"
governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and
changes in fund balances, for each of these funds.
Thegovernmental funds financial statements can be found on pages I 1 and 13 of this report.
Notes to Basic Financial Statements .
The notes provide additional information that is essential to a full understanding of the data provided in
the agency-wide and fund financial statements: The notes to the basic financial statements can be found
on pages I S - 32 of this report.
REDEVELOPMENT AGENCY OF
TI3E CITY OF SANTA MONICA
Managements Discussion and Analysis, (continued)
Agency-Wide Financial Analysis
Ow agency-wide analysis focuses on the net assets and changes in net assets for the Agency's
governmental activities.
A summary of The Agency's net assets are as follows:
Agency Net Assets -Governmental Acfivities
(in mtltions}
2008 2007 Change
Current and other assets $ 114.8 I31.0 (16.2)
Capital assets, net 142.4 108.3 34.1
Total assets 257.2 239.3 17.9
Current and other liabilities 40.2 40.8 (0.6)
Long-term liabilities 69.2 72.8 (3.6)
Total .liabilities 109.4 113.6 {4.2)
Net assets
invested in capital assets, net of related debt 65.7 24.3 41.4
Restricted 43,0 29.9 13.1
Unrestricted 39.1 71.5 (32.4)
Total net assets $ 147.8 125.7 22.1
As noted eazlier, net assets may serve over time as a useful indicator of the Agency's financial position.
In the case of the Agency, assets exceeded liabilities by $147.8 million at the close of the most recent
fiscal yeaz. By far the largest portion of the Agency's liabilities reflects its bonded5ndebtedness, totaling
$73.0 million. The Agency, operating under California Redevelopment Law, must maintain debt in
excess of its available assets to legally receive property tax increment revenue:
Capital assets increased by $34.1 million primarily due to the continued seismic retrofitting activities of
pazking structure number fow, construction at 415 Pacific Coast Highway and acquisition of properties at
1321, 1324, acid 1338-42 5t° Street.
The decrease in current andJong-term liabilities was due to delft service payments.
4
REDEVELOPMENT AGENCY OF
TFiE CITY OF SANTA MONICA
Management's Discussion and Analysis, (continued)
Governmental Activities
Governmental activities increased the Agency's net assets by $30.5 million. Key elements of this
increase aze as follows:
Agency Changes in Net Assets -Governmental Activities
(in millions)
2008 2007. Change
Revenues
Program revenues
Charges for services $ 0,1 0.3 (0.2}
General revenues
Property tax increment 51.3 46.2 S:1
Investment income 2.9 4.6 (1.7)
Miscellaneous 2.3 0.3 2.0
Total revenues 56.6 51.4 5.2
Expenses
Housing and community development 21.4 18.6 2.8
Interest on long-term debt 4.7 4.8 (0.1)
Total expenses 26.1 23.4 2.7
Increase in net assets , 30.5 28.0 2:5
Net assets -beginning of year 117.3 97.7 19.6
Net assets -end of year $ 147.8 125.7 22.1
Property tax increment revenues net of passthroughs of $51.3 million are the Agency's major source of
revenue.. This revenue increased by $5.1 million or 11.0% from the prior year due. to property tax
increment revenues from.an increase in assessed values. This increase was partially offset by the effect of
the reduced assessment of Santa Monica Place which is currently closed while undergoing a major,
renovation. It is expected to reopen in the fall of 2009.
Investment earnings of $2.9 million were received from investments of available funds, which is less than
fast year due to less funds available to invest.
Redevelopment activities expenses of $21.4 million shown on the statement. of activities consists o£
5
REDEVELOPMENT AGENCY OF
THE CTTY OF SANTA MONTCA
Managements Discussion and Analysis, (continued)
Agency Redevelopment Activities
(in millions)
Redevelopment and public improvement project operating costs $ 3.0
Redevelopment and public improvement project costs 14.3
Low and moderate housing projects 3.0
Depreciation 1.1
Total redevelopment activities expenses $ 21.4
Redevelopment and public improvement project operating costs of $3.0 million are comprised. of
operating expenses such as administrative fees charged by the County'for collection and disbursement of
property tax increment, operating transfers to the General Fund, payment to the General Fund in
accordance with a reimbursement agreement in conjunction with the Downtown Redevelopment Project,
lease payment for the Ocean Park Boulevard Housing Project and administrative indirect costs.
Redevelopment and pubfic improvement costs of $14.7 million primarily represents payments. of $3.7
million to the Parking Authority of the City of Santa Monica under asale/purchase agreement for six
parking structures. See note 6. Additionally duringthe year ffie Agency paid $6.2 million to Santa Monica
College under a cooperation agreement. The remaining balance represents various project expenditures.
Low and moderate housing project expenditures of $3.0 million include development costs, monitoring of
construction activities, and administrative costs.
FYnancial Analysis of the Agency's Funds
As noted earlier, the Agency uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental Funds
The focus of the Agency's governmental funds is to provide information on near-term inflows, outflows,
and balances of spendable resources. Such information is useful in assessing the Agency's financing
requirements. In particular, unreserved fund balance may serve as a useful measure of a government's net
resources available for spending at the end of the fiscal year.
As of June 30, 2008, the Agency's governmental funds. reported total ending fund balances of $106.8
million, which is a decrease of $9.1 million from the prior year. The fund balance of $85,5 million is
reserved to indicate that it is not available for new spending. It is comprised bf $49.9 million for
continuing capital projects, $7.3 million for-debt service and $28.3 million for notes receivable. The ,
remainder of the fund balance, $21.3 million, is unreseived, undesignated.
The key element of the, $9.I million decrease in fund balance from the prior yeas was primarily due to
expenditures of approximately $39.4 million in the earthquake project area.
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Management's Discussion and Analysis, (continued)
Major Funds
The Downtown Project Low/1VIod Housing. fund balance increased by $0.3 million primarily due to
decreased housing and community development expenditures. The Downtown Project fund balance
increased $1.6 million primarily due to increased property Yax increment revenues and decreased housing
and community expenditures.
The Earthquake Recovery.Project Low/Mod Housing fund balance increased $8.5 million primarily due
to increased property tax increment and decreased project expenditures. The Earthquake Recovery Project
fund balance decreased $20.1 million primarily due to an inorease in property tax increment of $5.0
million, increased project expenses of $44.0 million and increased passthrough payments to other
agencies of $2.3 million over the prior year:
The Ocean Park Project Low/Mod Housing fund balance increased $0.3 million due to higher property
tax increment revenues and lower project expenditures. The Ocean Pazk Project fund balance increased
$0.2 million due to increased tax increment revenue.
The Debt Service fund balance increased by $0.1 million primarily due to interest income and transfers
from other funds.
Capital Asset and Debt Administration
CapitaZAssets
The Agency's investment in capital assets for its governmental activities as of June 30, 2008 amounts to,
$142.4 million (net of accumulated depreciation). This investment in capital assets includes parking
structures, buildings; land, and equipment. This investment is detailed below:
Agency Capital Assets -Governmental Activities
(in millions)
2008 2007
Land $ 98.1 69.5
Buildings, parking structures, and improvements 41.6 40.5
Improvements other than buildings 10.9 10.8
Machinery and equipment - 0.1
Construction in progress 9,3 3.7
Subtotal 159.9 124.6
Lass accumulated depreciation (17.5) (16.3)
Total $ 142.4 108.3
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Management's Discussion and Analysis, (continued)
Significant capital projects included the continued expenditures for seismic retrofit design of pazking
structure four, expenditures at the 415 Pacific Coast Highway Project and purchase of properties located
at1327, 1324 and 1338-42 5f6 Street.
Long-Term Debt
At the end of the current fiscal year, the Agency had total bonded debt of $73.0 million. The bonds ate
secured solelyby specified reventie sources.
The Agency's total debYdecreased by $3.6 million or 4.9% during the current fiscal year. The decrease
was primarily due to scheduled debt service payments on the Downtown Redevelopment Project,
Earthquake Recovery Project and Ocean Park Redevelopment Project outstanding obligations.
Time limitations on incurring debt areas follows:
Project area Time limitation to incur debt
Ocean Park lA Januaryl, 2004
Ocean Park 1B 7anuary 1, 2004
Downtown None
Earthquake Recovery June 21, 2014
The Agency does not have an overall credit rating; however, the Agency has received bond ratings on all
of its outstanding bond issues as follows: Downtown Redevelopment Refunding Project Lease Revenue
Bonds, "AAA" and "Aaa;" Ocean Pazk Redevelopment Project Tax Allocation Bonds, "BBB+," "Baal"
and "A;" and Earthquake. Recovery Redevelopment Refunding Project Tax Allocation Bonds, "AAA",
"AAA" and "Aaa."
Additional information on outstanding long-term liabi]ities may be found in note 7 of the notes to basic
financial statements.
Economic Factors and Next Year's Budget
The assessed value of property is estimated to rise in the Downtown Redevelopment Project Area as a
result of standard minimum increases; in the Earthquake Redevelopment Project area due to sales of
property and commercial development; and in the Ocean Park Project area as a result of standazd
minimum increases and sales of properties.
Request for Information
This financial report is designed to provide a general overview of the Agency's finances for all those with
an interest in the Agency's finances. Questions concerning any of the information provided in this report
or request for additional. financial information should be addressed to the Santa Monica Redevelopment
Agency, 1717 4`~ Street, Suite 250, Santa Monica, California 90401 or (310} 458-8281. Additional
financial data may also be found on the City of Santa Monica's website (wwwsanta-monica.org).
THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
Statement of Net Assets
June 30, 2008
Assets
Cash and investments (note 2) $ 70,767,188
Cash and investments with fiscal agents (note 2) 7,986,480.
Accounts receivable 15,073
Interest receivable 881,535
Property tax increment receivable 4,233,762
Unamortized bond issuance costs, net 1,548,762
Notes receivable, net (note 3} 28,267,421
Capitalized lease receivable (note 4) 1,120,000
Capital assets, not being depreciated (note 5):
Land 98,087,440
Construction in progress 9,293,514
.Capital assets; being depreciated net of accumulated depreciation (note 5}:
Buildings 32,989,468
Improvements other than buildings 2,014;984
Total assets 257,205,627
Liabilities:
Accounts payable and other liabilities 1,947,589
Accrued interest payable on bonds 1,782,906
Due to other agencies 3,421,288
Noncurrent liabilities (note 7):
Due within one year 33,035,540
Due in more than one yeaz 69,164,556
Total liabilities 109,356,879
Net assets:
Invested in capital assets, net of related debt 65,691,013
Restricted:
Low• and moderate-income housing
' 35,697,213
Debt Service 7,321,318
Unrestricted 39,139;204
Total net assets $ 147,848,748
See accompanying notes to basic financial statements.
THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
Statement of Activities
Year Ended June 30, 2008
Functions/programs:
Governmental activities:
.Housing and eommuniry development
Interest on long-terfn debt
Total governmental activities
Getwral revenues: _
Property tax increment
Investment income
Miscellaneous
Total general revenues
Change in net assets
Net assets - beginning of yeaz restated
Net assets -end of year
See accompanying notes to basic financial statements.
Net (expense)
revenue
Pro¢ram Revenues and changes
Charges Operating Grants Capital Grants in net assets
Expenses for Services and COntribu6ons and~Contributians Tatal
$ 21,374,645 140,200 - - - (21,234,445)
4,732,665 (4,732,665)
26,107,310 Id0,200- ~ - - 525,967,71
51,306,889
2,911,189
2,301,987
56,520,065
30,552,955
117,295,793
$ 147,848,748
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N
THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
Reconciliation of the Balance Sheet of Govemmentai Funds
to the Statement oFNet Assets
Tune 30> 2008
Total fund balances-governmental funds
Amounts reported for governmental activities in the statement of neY assets are
different because:
Capital assets used in governmental activities that are not spendable current
- financial resowces and, therefore, aze not reported in the balance sheet of
governmental funds.
Acmumulated depreciation
Capitalizod lease receivables aremot available to pay for current period expenditures
and, therefore, are deferred on the modified accrual basis of accounting.
Bond issuance costs are expended in govemmentat funds whenpaid and are
capitalized and amortized over the life of the corresponding bonds for purposes
of the statement of not assets.
'Deferred chazges net of accumulated amortization
Long-term liabilities. are not due and payable in the current period and, therefore,
aze not reported in the balance sheet of governmental funds:
Tax allocation bonds, net
Revenue bonds, net
Advances from the CiTy of Santa Monica
Interest payable on long-term debt does not require the use of current financial
resources and, therefore, interest payable is not accrued as a [lability in the
balance sheet of goveminental funds.
Net assets of gpvemmeata! activities
See accompanying notos to the basic financial statements.
$ 106,782,582
159,879,288
(17,493,882)
1,120,000
1,548,762
$ (71,839,556)
(1,120,000)
(29,245,540) (102,205,096)
(1,782,906)
$ 147,848,748
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73
THE REDEVBLOPNJENT AGENCY OF THE CITY OF SANTA MONfCA
Rcconcilimion of the Statement afRevenues, Ezpendimres, and Changes in Fund Balance
to the Statemern ofAcdvitiea -
Yeaz Ended June 30, 2006
Net change in fund balance - governmental funds S (9,116,275)
Amounts reported forgovemmeniai actvities in the statement ofactivitles'are
differem because'
Governmental funds report wpitai outlays as experiditwes. However, in the statement
ofactivities the cost ofthese assets arc allocated over their estimated useful lives
antl reported as depreciation expense. The componentr ofcapitai ouday related vests
no[ reported in the statement ofaclivines for the curtent period aze as follows:
Cosu capitaliud mlated to accumulated redevelopment project costs S 39,641,750
Depreciation expense (t ISl,It I) 38,460,639
Band issuance costs are expended in governmental funtls when paid, however, are
capitaliud and amofiud over dtt life ofthe cortespontling debt for the purposes
of the smtemen[of activities. Cunent year amortization. (735,122)
Repayment oflong-tens dtbt principal is reported as an expenditure in governmental
funds and, thus, has the effect of reducing fund balance because current financial -
resoumeshave been used. However, the principal payments reduce the liabilities
in the Statement OF-Ct ousels and do not rtsull in an expense in 1hC Sta[emtnk Of
activities. The Agency's long-term debfwas reduced because principal payments
were made to bondholders:
Tax ailowtion bonds 2,545,000
Revenue bonds 7,080,000 3,625,000
Advances and mpaymeat of advances are reported as a revenues and expendihtras in
govemmentai funds and, thus, has the effect of reducing fund balance because
cunenl financial resources have been used However, advances and repayment of
advances increaseheduce the liabi[ifies in the alaiement ofnet assets and do not
msuit in incorrie/expense in the statement of activities. The Agenays advances
were inereasedlreduced because of the net advances/paymemsmade to dre note
holder:
Advances from the City of Santa Monica (1,169,399)
Repayment of advances from [he City of5anta Monica 69,880 (1,079,519)
Acrued interest expense on long-farm deM is reported in the statement of activities
but does rrot require the use oFcumen(financial resources Amortization ofbond '
premiums, discounts and deferred amoums on refunding aze expensed az a
component of imarest expema on the statement ofactivities. This amount
iepresenis the net accrued interest expense and the amortisation ofbond premiums,
discounts and deferred amounts.on refunding not reported in govemmentai thuds.
-ecrease in accmed interest expense - 79,467
Amortization ofbond premiuiNdiscount 2,545
Amortization of deferred amounts upon efnding (203,760) (721,768)
Revenue related to a capitalized lease receivable is recorded az deferred in the
fund financial statements because the amount is not available to pay current
liabilities but has been recognized far Agency wide financial statement purposes. '
Revenue recorded in the current ytar in the fund Cmancial statements (1,080,000).
Change in net a&Stla Of gevemmental flclMties 5 ~352;9J3"
See accompanying notes to basic financial statements.
14
REDEVELOPMENT AGENCX OF
THE CITY OF SANTA MONICA
Notes to Sasf¢Financial Statements
Year Ended June 30, 2008
(1) Summary of Significant Accounting Policies
The basic financial statements of the Redevelopment Agency of the City of Santa Manisa
("Agency") have been prepared in conformity with accounting principles generally accepted in the
United States of America (GAAP) as applicable to govemmental units, The Governmental
Accounting Standards Board (GASH) is the accepted standazd setting body for establishing
governmental accounting and financial reporting principles. The more significant accounting
principles of the Agency are described below:
(a) General
The Agency was established by the Santa Monica City Council in 1957 pursuant to the
Community Redevelopment Law of California as codified. in the State of California Health
and Safety Code. The Agency has the broad authority to acquire, rehabilitate, develop,
administer, and sell or lease property in a "Redevelopment Project Area".
The Agency generally fanances redevelopment projects through the issuance of tax allocation
bonds. These bonds are payab]e from the incremental portion of properly taxes collected
within a project 'area relating to an increase in assessed valuation resulting from
redevelopment. The County of Los Angeles {"the County"} collects these incremental tax
revenues on behalf of the Agency.
The Agency has three project areas: the Downtown Redevelopment Project Area, the.
Earthquake Recovery Redevelopment Project Area and the Ocean Park Redevelopment
Project Area.
Downtown Itedevetopment Project
The City Council adopted the Redevelopment Plan for the Downtown Redevelopment Project
on January 13; 1976. The Downtown Redevelopment Project encompasses 9.9 acres of
property located in the downtown core of Santa Monica bounded by Broadway to the north,
4~" Street to the east, Colorado Avenue to the south, and 2"° Street to the west. Complete in
1980, the project consists of Santa Monica Place; a retail center containing approximately
570,000 squaze feet of floor azea, including one major department store and approximately 65
specialty retail shopslfood uses, linked by a three level enclosed common area, which is
owned and operated by the Macerich Company. The project includes two agency-owned
parking structures that provide a'total of 1,968 parking spaces. The ma1I closed for extensive
remodeling in 2008 with an anticipated grand reopening in 2009.
IS
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
Earthquake Recovery Redevelopment Project
The City Council adopted the Redevelopment Plan Earthquake Recovery Project on June 21,
1994. The project is 2.9 square mites bounded to the east by Cloverfreld Boulevard and 26s'
Street, to the west by Pacific Coast Highway/Beach Promenade, to the south generally by
Pico Boulevard, and to the north by Montana Avenue and includes structures predominately
damaged in the January 1994 Northridge earthquake. Approximately 90% of all red tagged
and b0% of al] yellow tagged buildings .in the City were in the project area. To date the
Earthquake Recovery Project has funded disaster prevention and. mitigation, commercial
revitalization„community revitalization and institutional projects.
Ocean Park Redevelopment Project Area
The Ocean Park Redevelopment Project area includes two separate project areas which are
known as Ocean Park Redevelopment Project lA and Ocean Park Redevelopment Project
Area IB.
The City Council adopted the Redevelopment Plan for the. Ocean Park Redevelopment
Project lA on June 30, 1960. The Redevelopment Plan was amended on November 14, 1967,.
primarily to change the permitted land uses in the project area. The project area is 25 acres.
bounded by Ocean Palk Boulevard to the north, Nielson. Way fo the east, Ocean Park Project
1B to the south and The State beach parking lots and the beach itself to the west. Phase one of
the project was completed in 1984 and phase two was completed in 1987. The project
contains tcvo 17-story, 250 rental unit high-rise buildings known as Santa Monica Shores and
is surrounded by the Sea Colony condominium project, which contains 340 condominium
units. Ocean View Park is also contained in the project area.
-The City Council adopted the Redevelopment plan for the Ocean Park '1B on January 24,
1961, with subsequent amendments on January 26, 1965, July 13, 1971, and. again on
September 12, .1972, which were implemented in order To change the permitted land uses
within the project area. The project area consists of 8 acres bounded by Ocean Park
Redevelopment project IA to the north, Nielsoh Way to the east, the City limit to the south
and both the State beach parking lots and. the beach itself to the west. The project was
completed in 1983.
Currently the project has two senior citizen residential apartment complexes, Nielson Villas
and Barnard Park Villas, which contain 100 and 61 rental units respectively. A former utility
building within the project was adapted to offices and art storage for the Eli Broad Trust Art
Foundation.
Project Area Time Limits
For the Ocean Park Redevelopment project, agency indebtedness must have been inourred by
January 1, 2004. Additionally, plan activities fot the project area are to cease by January 1,
2012. The time limit for receiving property tax increment and paying off debt for the project
area is January 1, 2022. The time limit for incurring agency indebtedness for the Downtown
16
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended Jpne 30, 2008
Redevelopment project was eliminated by ordinance on January 13, 2004. Plan activities for
the project area aze to cease by January 13, 2019 and the time ]imit for receiving properly tax
increment and paying off debt for the project azea is January 13, 2029.
For the Earthquake Recovery Plan indebtedness must be incurred by June 21, 2014. The plan
activities for the project area are to cease by June 21, 2027 and fhe time limit far receiving
property tax increment and paying off debt is June 21, 2042.
Local funds aze provided principally from property tax increment acid rentals for pazking
facilities.
(b) Reporting Entity
Under GASB No. 14, The Financial Reporting Entity, the Agency is considered a component
unit of the City of Santa Monica since the Agency Board consists exclusively of the Mayor
and the seven members of the City Council. Consequently, the Agency's financial statements
are blended in the City's basic financial statements.
(c) Basis ofAccounting and Measurement Focus
The basic financial statements of the Agency are composed of the following:
• Agency-wide financial statements
• Fund financial statements
• Notes to basic fmancial statements
Agency-Wide Financial Statements
Agency-wide financial statements (i:e., the, Statement of Net Assets and the Statement of
Activities) display information about the Agency as a whole. All significant interfund activity
has been eliminated in the Statement of Activities. The Agency provides only goverrirnental
activities which are supported principally by property tax increment revenue. Agency-wide
financial statements are reported using the economic resources measurement focus and the
accrual basis of accounting. Revenues are recorded when earned and expenses aze recorded
when a liability is incurred, regardless of the timing of related cash flows. Property tax
increment revenue is recognized in the year for which it is levied.
Amounts paid to acquire capital assets are capitalized as assets in the agency-wide financial
statements, rather than reported as expenditures. Proceeds of song-term debt are recorded as a
liability in the agency-wide financial statements, rather than as other financing sources.
Amounts paid to reduce long-term indebtedness of the reporting government are reported as a
reduction of the related liability, rather than as expenditures.
In the Agency-wide financial statements, net assets are classified in the following categories:
17
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basle Financial Statements
Year Ended June 30, 2008
Invested in Capital Assets, Net of Related Debt: This category groups al] capital assets into
one component of net assets. Accumulated depreciation and the outstanding balances of debt
that are attributable to the acquisition, construction or improvement of these assets reduce this
category.
Restricted Net. Assets: This category presents external restrictions imposed by creditors,
grantors, contributions or laws or regulafions of other governments and restrictions imposed
by law through constitutional provisions or enabling legislation.
Unrestricted Net Assets: Represents the net assets of the Agency, not restricted for any
project or other purpose.
Fund Financial Statements
The accounting system of the Agency is organized and operated on the basis of separate
funds. The operations of each fund are accounted for with a separate set of self-balancing
accounts that comprise its assets, liabilities, fund equity; revenues, and expenditures.
Fund financial statements are reported using the curren4 financial resources measurement
focus and the modified accrual basis of accounting. The modified accrual basis of accounting
is defined as the basis'of accounting under which expenditures, other than accrued interest on
long-term debt, are xecorded at the time liabilities are incurred. Revenues are recorded when
received in cash, except for measurable and available revenues, which are defined as
available to fanance current period expenditures and are accrued to properly reflect the
revenues earned. Revenues which are susceptible to accrual include property tax increment,
interest income, and rental income.
All governmental funds aze accounted For on a spending or "financial flow" measurement
focus. Generally, only current assets, and current liabilities are included on the balance
sheets. However, non-current portions of long-term receivables related to governmenta] funds
are also reported on their balance sheets and aze offset by deferred revenue or fund balance
reserve accounts. Statements of revenues, expenditwes, and changes in fund balances for
governmental funds generally present increases (revenues and other financing sources) and
decreases (expenditures and other financing uses) in net current assets.
(~ Major Funds
-The Agency considers all of its funds as major governmental funds: They are:
The Capital Projects Funds. are as follows:.Downtown Low/Mod Housing, Earthquake
Recovery LowlMod Housing, Ocean Pazk Low/Mod Housing, Downtown Redevelopment,
Earthquake Recovery Redevelopment and Ocean Park Project Areas. The Capital Projects.
Funds are used to account for bond proceeds available-for project improvements, interest
income on invested funds, property tax increment revenues and certain other income.
18
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
The Redevelopment Debt Service Fund is used primarily to account for repayment of
principal and interest on long-term indebtedness of the Agency.
(e) Investments
Investments are stated at fair value and generally consist of federal government-hacked
securities.
In order to maximize investment return, the Agency pools its available cash except for cash
required to be held by outside fiscal agents. under. the provisions of bond indentures. All
investment decisions are made by the City Director of Finance based on the Agency's
investment policy or controlling bond indentures.
Interest income, realized gains and losses and changes .in fair value of investments arising
from such pooled cash and investments are apportioned to each participating Agency fund
based on the relationship of such fund's respective cash balances to aggregate pooled cash
and investments. Interest income, realized gains and losses and changes in fair value of
investments arising from cash and investments held by outside fiscal agents under the
provisions of bond indentures is credited directly to the related fund.
The Agency's investments aze stated at fair value. Fair value is determined based upon
market closing prices or bid/asked prices for regularly traded securities. The fair value of
guaranteed investment contracts and other investments with no regulaz market are estimated
based on similar traded investments.. The fair value of mutual funds, government-sponsored
investment pools and other similar investments aze stated at share value, or appropriate
allocation of fair value of the pool, if separately reported. Certain money market investments
with initial maturities at the time of purchase of less than one yeaz are recorded at cost. The
calculation of realized gains and losses is independent of the calculation of the net increase in
the fair value of investments. Realized gains and losses on investments that had been held in
more than one fiscal year and. sold in the current fiscal year may have been recognized as an
increase or decrease in fair value of investments reported in the poor year.
(~ Lang-Term Liabiiities
Tn the Agency-wide financial statements, long-term debt and other long-term liabilities aze
reported as liabilities in the statement of net assets.
in the fund fmancial statements, governmental fund types recognize bond premiums and
discounts, as well as bond issuance costs, during the period in which the bonds are issued.
The face amount of debt.issued is reported as other financing sources. Premiums received on
debt issuance aze reported as other financing sources while discounts on debt issuance are
reported as other financing uses. Issuance costs, whether or not withheld from the actual debt
proceeds received, are reported as debt service expenditures.
(g) Property Taxl'ncremenlRevenues
19
REDEVELOPMENT AGENCY OF
TI3E CITY OF SANTA MONICA
Notes to Basio Financial Statements
Year Ended Sune 30, 2008
Property tax increment is considered as project revenue by the. Agency when it becomes both
measurable and available for financing the Agency's redevelopment activities during the
year.. Property tax increment is considered available if received within 60 days following
year-end in accordance with generally accepted accounting principles.
Property tax increment revenues represent property taxes collected from the excess of taxes
levied and collected each year on any redevelopment project over that amount which would
have been levied and collected on the base year property tax assessment. A property tax base
year is determined to be the yeaz prior to the establishment of a redevelopment project area.
(h) Deferred Revenue
Funds received and not used in the current fiscal yeaz are carried over to the next fiscal year
and are included in deferred revenue as depicted in the accompanying fund financial
statements.
(i) Low-and Moderate-Incomellousing
Under requirements of the State of California Health and Safety Code, the Agency is required
to set aside 20% of property tax increment revenues for use in housing projects benefiting
low- and moderate-income households. At Juno 30, 2008, the net cumulative unspent low-
and moderate-income housing sef aside funds have-been obligated by the Agency and are
included in the respective project area Low and Moderate Income Capital Projects Fund for
20% set aside.
(j) Use of Estimates
The preparafion of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions ,that affect the reported,
amounts of assets and Liabilities and disclosures of contingent assets and liabilities at the date
of the financial statements and the reported amounts of changes in net assets during the
reporting period. Actual resuhs could differ from those estimates:
(k) Capital Assets
Capital assets -are recorded at cost where. historical records are available and at an estimated
historical cost where no historical records exist. Contributed capital assets aze valued at their
estimated fair market value at the date of the contribution. Generally, capital asset purchases
in excess of $15,000 or more and an estimated life in excess of two yeazs. Buildings, parking
structures and improvements other than buildings are defined by the Agency as assets with an
initial cost of $100,000 or more and an estimated useful life in excess of two years.
Capital assets of the Agency are depreciated using the straight-line method over the following
estimated useful lives:
20
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
Assets
Building,. parking structures and improvements
Improvements other than buildings
Machinery and-equipment
(2) Cash and' Investments
Years
20 to 50
20 to 30
Cash and investments as of7une 30, 2008 are classified in the accompanying financial statements
as follows:
Statement of Net Assets
Cash and investments $ 70,767,188
Cash and investments with fiscal agent 7,986,480
Total cash and investments $ 78,753,bb8
Equity in the cash and investment pool of the City of Santa Mariica
The Agency has no separate bank accounts or investments other than investments held by bond
trustee and the Ageney's equity in the cash and investment pool managed by the City. The Agency
is a voluntary participant in that pool. -The pool is governed by and under the regulatory oversight
of the Investment Policy adopted by the City's City Council. The Agency has not adopted an
investment policy separate from that of the: City. The fair value of the Agency's investment in this
pool is reported in the accompanying financial statements at amounts based upon the Agency's pro-
rate share of the fair value calculated by the City for the entire City portfolio. The balance available
for withdrawal is based on accounting records maintained by the City, which are recorded on an
original cost basis.
Investments Authorized by Debt Agreements
Investrnent of debt proceeds held by bond trustees are governed by provisions of the debt
agreements, rather than the general provisions of the California Government Code or the Agency's
investment policy. The table below identifies the investment types that are authorized for
investments held by the bond trustee. The table also identifies certain provisions of these debt
agreements that address interest rate risk and concentration of credit risk:
21
REDEVELOPMENT AGENCY OF
TFIE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended Tune 30, 2008
Maximum Maximum
Authorized Maximum Percentage Investment
Invesmtent Type Maturity Allowed in One Issuer
U.S Treasury Obligations None None None
Federal Housing Administration Debentures None None None
U.S. Agency Securities None. None None
Time Deposits None None None
Unsecured Certificates of Deposit 180 days None None
Banker's Acceptances 180 days None None
State Obligations None None None _
Repurchase Agreements 1 year .None None
Pre-refunded Municipal Obligaflons None None None
Commercial Paper 270 days None None
Money Market Mutual Funds None None None
Investment Contracts 36 years None None
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value
of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of
its fair value to changes in market interest rates. One of the ways that the Agency manages its
exposure to interest rate risk is by timing cash flows from maturities so that a portion of the
portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash
flow and liquidity needed for operations.
Information about the Agency's exposure to interest rate risk as a result of'its equity in the cash and
investment pool of the City provided by disclosures in the notes to the basic financial statements of
the City that shows the distribution of the City's investments by maturity.
Information abaut the sensitivity of the fair values of the Agency's investments held by bond
trustee to mazket interest rate fluctuations is provided by the following table that shows the
distribution of these investments by maturity. For purposes of this schedule, callable securities are.
assumed to be held to maturity:
22
REDEVELOPNTENT AGENCY OF .
THE CTTY OF SANTA NFONICA
Notes to Basic Financial Statements
Year Ended June 30, 2D08
Remaining Mantrity (in Months)
12 Months 13 to 24 25-60 More than
Investment Type or less Months Months 60 Months
Held by bond trustee:
Money market funds ~ .6,238,128 - - -
U.S. agency securities 1,748,352 -
Total ~ 7,986,480 - - -
Disclosures Relating to Credit Risk
Genera]ly, credit riskrs the risk that an issuer of an investment will not fulfill its obligation to the
holder of the investment. This is measured by the assignment of a rating by a nafionaliy recognized
statistical rating organization. Presented below is the minimum rating required by (where
applicable) the California Government Code, the Agency's investment policy, or debt agreements,
and the actual rating as of year end for each investment type.
.Minimum
Legal
Investment Type Total Rating AAA
Held by bond trustee;
Money market funds $ 6,238,128
US. agency securities 1,748,352
AA - 6,238,228
N!A 1,748,352
Total $ 7,986,480
Concentra#idn of Credit Risk
7,986,480
Investments in any one issuer (other than U.S. Treasury securities, mutual funds, and investment
pools) that represent 5% or more of total investments by reporting unit {primary govemment,
discretely presented component unit, governmental activities, major fund, uonmajor funds in the
aggregate, etc.) are as follows:
23
REDEVELOPMENT AGENCY OF
TI3E CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended Jnne 30, 2008
Issuer
Investment Type
Repornd
Amount
FNMA
Custodial Credit Risk
U.S. Agency Securities
$ 1,748,352
The Agency does not have significant sepazate certificates of deposit or demand accounts held by
bond trustee that are subject to disclosable custodial credit risk (as defined by GASB Statement No.
40).
For the investments held by bond trustee, the bond trustee selects the investment under the tezms of
the applicable trust agreement; acquires the investment, and holds the investment on behalf of the
reporting government.
(3) Notes Receivable
Redevelopment Activities
Community Corporation of
Balance at Balance of
July 1,2007 Increases Decreases June 30, 2008
Santa Monica {a) $ 2,900,000 - - 2,900,000
Habitat for Humanity -
Los Angeles (b) 523,685 51,315 - 575,000
Community Corporation of
Santa Monica (c} 4,519,985 888,048 - 5,408,033
Step Up on Fifth L.P. (d) 4,511,096 1,358,904 - 5,870,000 .
Low income senior housing (e) 46,250 - - 46,250
Community Corporation of
Santa Monica (f) 4,234,507 . - - 4,234,507
Santa Monica Housing
Partners, Ltd. (g) 2,733,631 - - ~ 2,733,631
Investment Activities -
-City of Santa Monica (h) - 6,500,000 6,500,000
Total notes receivable $ 19,469,154 8,798,267 - 28;267,421 .
a, A promissory note dated January 28, 2003, in the amount of $1,382,619 was executed with
CommuniTy Corporation of Santa Monica for an Affordable Housing Project located at 1512
Fifteenth Street. This loan was for the acquisition of land and pedevelopment expenses for
future low/moderate income housing. This was anon-interest bearing, loan with the principal
amount due and payable after atwo-yeaz deferral period. On October 26, 2004 the note was
superseded and replaced by a new promissory note secured by a deed of trust. The new note
increased the amount of the note to $2,900,000, changed the due date of the note to 55 years
24
REDEVELOPMENT AGENCI' OF
THE CTTX' OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
from the later of the date the project is placed into service per Internal Revenue Service Form
8609 or the issuance of a certificate of occupancy, and changed the interest rate to 3%. At
June 30, 2008, $2,900,000 had been disbursed to the borrower.
b. A promissory' note dated October 28, 2002, in the amount of $575,000 was executed with
Habitat for Humanity -Los Angeles for an Affordable Housing Project located at 2018
Nineteenth Street. This loan is For the acquisition of a vacant parcel of land where Habitat will
buildup to six new ownership units that will be sold to very low income buyers. This is a non-
interest bearing loan with the principal amount due and payable after atwo-year deferral
period. At June 30, 2008, $575,000 had been disbursed to the borrower
c. A promissory note dated March 18, 2003, In the amount of $2,714,033 was executed with
Community Corporation of Santa Monica for an Affordable Housing Project located at 2601 -
2615 Santa Monica Blvd which is more commonly known as 1349 26a' Street; This loan is for
the acquisition of ]and and, predeveIopment expenses fora 40-unit income housing
development. This was anon-interest beazing loan with the principal amount due and payable
after atwo-year deferral period. On October 26, 2004 the note was superseded and replaced
by a new promissory note secured by a deed of trust. The new note increased the amount of
the note to $4,458,033, changed the due,date of the note to 55 years from the later of the date
the project is placed into service per Internal Revenue Service Form 8609 or the issuance of a
certificate of occupancy; and changed the interest rate to 3%. At-June 30, 2008, $4,458,033
had been disbursed to the borrower. A note dated June 12, 2007,. was executed in the amount
of $950,000 bearing interest at 3% due 55 years from the later of the date the project is placed
into service per. Internal Revenue Service Form 8609 or the issuance of a certificate of
occupancy. At June 30, 2008, $950,000 had been disbursed to the borrower. The Earthquake
Recovery Redevelopment Project, the Downtown Redevelopment Project and the Ocean Park
Redevelopment Project provided $1,621,500, $903,405 and $2,883,128 respectively.
d. A promissory note dated December 17, 2004, in the amount of $1,985,000 was executed with
Step Up on Fifth, L.P. for an Affordable Housing Project located at 1548 Fifth Street. This
loan is for the acquisition and predeveIopment expenses of a surface parking lot where Step
Up will build up to 4b new rental units for very low income mentally disabled persons. This is
a non-interest bearing loan with the principal amount due and' payable after atwo-year
deferral period. On February 13, 2007, the note was superseded by a new promissory note
secured by a deed of trust. The new note increased the amount to $5,870,000. At June 30,
2008, $5,870,000 had been disbursed to the borrower.
e. The Redevelopment Housing Trust Fund, formerly known as "CHARD" provides funds to
eligible borrowers in the form of deferred payment loans to make up the financial gap
between available non-program resources; including the borrower's equity and private
financing, and the limited equity cooperatives,. At June 30, 2008, loans totaling $46,250 are
outstanding.
25
i2EDEVELOPriIENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
A promissory note dated January 30, 2006, in the amount. of $1,497,714 was executed with
Community Corporation of Santa Monica for an Affordable Housing Project located at 2411-
2423 Centinela Avenue. This loan is for the acquisition and predevelopment expenses to
construct 36 new rental units for very low income and low. income persons. This is a non-
interest bearing loan and is due and payable after atwo-year deferral period. On July 24,
2006 the note was superseded and replaced by a new promissory note secured by a deed of
trust:'The new note increased. the amount of the note to $4,234,507; changed the due date of
the note to 55 years from the later of the date the project is placed into service per Internal
Revenue Service Form 8604 or the issuance of a certificate of occupancy, and changed-the
interest rate to 3%. At June30, 2008, $4,234,507 had been disbursed to the bon'ower.
g. A promissory note dated February 13, 2007, ih the amountof $3,120,000, was executed with
Santa Monica Housing Partners for an Affordable Housing Project located at 145814`s Street.
This loan. is for the acquisition arid predevelopment expenses to construct 20 new rental units
for very low income and low income seniors. This is anon- interest bearing loan and is due
and payable after atwo-year deferral period. At June 30, 2008, $2,733,631 had been
disbursed to the borrower.
h: A demand note dated June 30, 2008 in the amount of $6,500,000 was executed with the City
of Santa Monica. The note is payable on demand with interest at the actual rate of return os
City funds calculated quarterly:
(4) .Capitalized Lease
On May 1, 1978, the City of Santa Monica entered into a lease agreement with the Agency to
provide parking for the shopping center in the Downtown Project. The lease requires the City to
pay the Agency a base rental at an estimated rate of approximately $1,130,000 per year, and in
addition, the lease requires the City to make additional payments each year sufficient to operate and
maintain the Parking Facility. The ]ease extends for a period of 35 years or repayment of the bohds
issued to finance construction of the Parking Facility, whichever occurs earlier.
Upon termination of the lease, ownership of the Parking Facility will rest with the City. Such lease
meets the criteria of a capitalizable financing lease. At June 30, 2008, the present value of the lease
payments receivable from the City was $1,120,000.
26
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
(5) Capital Assets
A summary of changes in the Agency's capital assets for the fiscal year ended June 30, 2008; is as
follows:
Beginning
Balance Eliding -
(as restated) Increases Decreases Balance
Nondepreciable: ~ - -
Land ~ $ 65,099,677 32,987,793 - - 98,087,470
Construction in progress 3,792,882 5,700,631 (200,000) 9,293,513
Depreciable:
Building, parking structures, and
improvements 40,497,229 1,]53,356 - 41,650,585
hnprovements other than buildings 10,841,446 - - t0,841,446
Machineryandequipment ~ ~~ 6,303 - ~- 6,303
Total historical cost .120,237,537 39,841,780 (200,000) 159,879,317
Accumulated depreciation: -.
Building, parking structures,and
improvements (7,613,537) (1,047,580} (8,661,117)
Improvements other than buildings (8,692,931) (133,531) - - (8,826,462)
Machinery and equipment ~ (6,303) - - (6,303)
Total accumulated depreciation (16,312,771) (1,181,111) - (17,493,882)
Total $ 103,424,76b 38,660,669 (200,000) 142,385,435
Depreciation expense in the amount of $1,181,11 t was charged to the Housing -and Community
Development function in the Statement of Activities.
(6) Other Liabilities
During the fiscal year ended June 30, 2003, the Redevelopment Agency and the Parking Authority
entered into apurchase/sales agreement for the purchase/sale of six downtown pazking structures
with related land for $60.0 million. The related promissory note, secured by a deed of trust, calls
for annual principa] payments of $2.0 million for 30 years.with interest. The promissory note was
revised in December 2004 creating two fully amortized notes with a principal of $38,930,000 and
$21,070,000.
These parking structures with related land, built generally in-the late 1960's; were carried on the
books of the Parking Authority at historical cost less related depreciation. At the time of sale, the
book value of the six structures and land was $2,958,016.
The sale/purchase transaction has been recorded as a transfer of the structures and land from the
Parking Authority to the.Redevelopment Agency and a corresponding receivable/liability for the
book value of the assets transferred. The excess of the purchase price over the book value is not
recorded as a gain on the transfer because the transaction is between two blended component units
27
REDEVELOPMENT AGENCX OF
THE CTCY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
of the City of Santa Monica. As related parties, no gain on the sale was recorded. Once the
Redevelopment Agency's payments exceed the book value of the. assets transferred, all future
promissory note payments will be considered recorded as interfixnd transfers on the financial
statements of the two component units. At June 30, 2008, $503 million plus interesTremained due
under the agreement. Also as part of the agreement, an additional $60.0 million has bean committed
by the Agency to make seismic repairs to the pazking structures.
(7) -Long -Term Debt
A summary of the changes in the long-term liabilities of the Agency for the year ended June 3Q,
2008 is as follows:
Bonds Payable
Beginning balance
Debt retired
Total bonds payable
Premium on bond issue, net
Discount of bond issue, net
Deferred loss on refunding, net
Eriding balance
Due within one year
Downtown
Redevelop-
ment Praject
Bonds
S 2,200,000
(1,080,000) (1,530,000)
1,120,000 60,965,000
- 38,828
- (]69,750)
(3,470,810)
1,120,000 57,363,268
$ 1,12Q,000 1,615,000
Earthquake
Recovery
Project Bonds
62,495,000
Ocean Park
Redevelop-
went Project
Bonds
15,620,000
(1,015,000)
14,605,000
28,151
{ISb,864)
.14,476,287
1,055,000 .
Total
80,315,OOD
(3,625,000)
76,690,000
66,979
(]69,750)
(3,627,674)
72,959,555
3,790,000
On May 2, 2002, the Redevelopment Agency issued $5,640,000 of Downtown Project refunding
bonds bearing interest at 4.6% to defease the outstanding 1492 DowntownProject Bonds.
On May 2, 2002, the Redevelopment Agency issued $19,315,000 of Ocean Pazk refunding and new
money bonds bearing interest at 5.03% to defease the outstanding 1992 Ocean Park Project Bonds
and to provide funds for new low/moderate income projects.
On April 27, 2006, the City issued $64,720,000 of Earthquake Redevelopment Project refunding
bonds beazing interest from 4.00% to 5.5% to advance refund the outstanding 1999 Earthquake
Redevelopment Project.
28
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
Debt service requirements for the Agency's bonds at June 30, 2008 are as follows:
Principal
Bonds
Total
1,120,000 20,160 1,140,160
$ 1,120,000 20,160. 1,140,160
1,615,000
1,705,000
1,795,000
1,900,000
2,005,000
11,595,000
14,295,000
17,755,000
8,300,000
2,788,981
2,697,681
2,601,431
2,499,819
2,392,431
10,405,894
7,641,594
4,080,590
396,094
4,403,981
.4,402,681
4,396,431
4,399,819
4,397,431
22,000,894
21,936,594
21,835,590
8,696,094
96,469,515
Fiscal year ending June 30:
2009
Total.
Earthquake Recovery Project Bonds
Principal Interest Total
,Fiscal year ending June 30:
2009
2010
2011
2012
2013
2014-2018
2019 - 2023
2024 - 2028
2029 - 2032
Total
$ 60,965,000
35,504,515
Ocean Park Project Bonds
.Principal Interest Total
Fiscal yeaz ending Tune 30:
2009
2010
2011
2012
2013
2014 - 2018
2019
Total
1,055,000
1,095,000
1,145,000
1,195,000
1,250,000
7,205,000
1,660,000
$ 14,605,000
670,998
626;629
578,170
525,495
468,635
1,346,510
41,500
4,257,937
1,725,998
1,721,629
1,723,170
1,720,495
1,718,635
8,551.,510
1,701,500
18,862,937
In addition, the Agency is indebted to the City of Santa Monica for the following loans, with
interest at varying rates per annum accruing on principal only. These notes were for a period of one
29
REDEVELOPMENT AGENCY OF
THE CITY OFSANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 200$
year. At the end of that period, the notes were reissued, with accrued interest, for aone-year period.
At June 21, 2005, the notes were amended'to be due on demand when sufficient future unpledged
property tax increment is available to redeem.them.
The notes consist of the following at June 30, 2008:
Balance at Principal Principal Balance at
Advance payable to June 3Q 2007 add¢ion reduction June 3Q Z006
Downwvm Rer~~elopmentProjem
Capital Project Fund:
CityaF Santa NonkaGenernl FLntl $ 1,434,166 72,712 - 1,506,878
City of Santa MonicaGeneml Fund 17,202,756 769,260 ' (89,680) 17,902,136
- !8,636,922 861,972 (89,880) 19,409,014
Earthquake Raxvery Redevelopment _
Project Capital Project Furl:
- Ciry of Santa MonicaMiscellaneous
Grants Furl
City of Santa MonicaCL~G
Special Recewa Fund
Ocean Park Redevelopment Project
Capital Prgect Fund:
' :City of Santa MonicaCl]BG
Special Re}enueFund '
City of8anta MOnicaClBG
Spwial Revenue Fund
' Total advances payableto the
City ofSanm Monia
3,11 &900 -
346,552
3,465,432
5,387,179 27i, 130
67Q468 34,297
6,063,647 307 427
$ 28,166,021 ~ 1,169,399 (89.880) 29245,540
3,71$900
346,552
3,465,452
5,660,309
710,765
6,371,074
The notes payable in the Earthquake Recovery Redevelopment Project Capital Project Fund with
outstanding balances of $3,118,900 and $346,552, respectively, as of June 30, 2008 are non-interest
bearing.
The above bonds, notes and advances are payable when future property tax increment revenues are
received by the projects. Management does not anticipate that the remaining balance of these notes
and advances will be repaid with currently available spendable resources.
Management believes that the Agency is in compliance with all significant financial restrictions and
requirements as set forth in its various bond covenants.
30
REDEVELOPMENT AGENCX OF
THE CITY OF SANTA MONICA
Notes to Basic Financial Statements
Year Ended June 30, 2008
Line of Credit
On May l; 2008; the Agency entered into a line of credit agreement with Bank of America. The
agreement calls for an initial line up to $50,000,000 available to be drawn which may be increased
at the banks option to $75;000,000 at the request of the Agency. The line is available through June
2013 and is subject to quarterly interest payments at LIBOR plus 1.25%.
As of Jnne 30, 2008 the Agency has not drawn on the line.
(8) Interfund Transactions
Transfers in (out} from other funds at June 30, 2008 aze as follows;
Transfers in for debt service payments
Debt service fund $ 7,293,357
Transfers out for debt service payments
Earthquake Recovery Project Low/Mod Housing Fund $ (888,333}
Ocean Park Redevelopment Project Low/Mod Housing Fund (338,749)
Dowrrtown Redevelopment ]?roj ect (1,157;877)
Earthquake Recovery Redevelopment Project (3,553;402)
Ocean Padc Redevelopment Project (1,354,99
$ {7,293,357)
31
REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA
Notes to Basic Financiat Statements
Year Ended June 30, 2008
(9} Prior Period Adjustments
The accompanying financial statements reflect adjustments resulting from a restatement of
beginning net assets as ofJune 30, 2008 as follows:
Statement of
Aeencv-wide financial statements: ~ Net Assets
Net Assets at the beginning of the year
as previously reported $ 125,735,54b
Correction of an expenditure recorded as a
receivable in a prior year (4,039,753)
Correction of capital asset incorrectly
.capitalized in a prior year (4,40Q,000)
Net assets at the beginning of the year restated $ 117,295,793
Fund financial statements: Earthquake
Recovery
Redevelopment
Project
Fund balance at beginning of year
as previously reported $ 75,714;783
Correction' of an expenditure recorded as a
receivable in a prior year (4,039,753)
Fund balance at the beginning of the year as restated $ 71,675,030
32
i 1`Jlayer €-l~~l~Pr~~n {~itlCf;i~€~rrt ~",'.
-. An Independent CPA Firm -
2301 Dupont Drive, Suite 200
Irvine. California 92612
949-474.2020 ph
949-263.5520 fx
www.mhm-pc.com
Board of Directors
Redevelopment Agency ofthe
City of Santa Monica, California
REPORT ON COMPLIANCE AND OTHER MATTERS AND ON INTERNAL CONTROL
OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENTAUDITINGSTANDARDS
We have audited the financial statements of the governmental activities, each major fund, and the
aggregate remaining .fund information of the Redevelopment Agency of the City of Santa Monica
("Agency") as of and for the year ended June 30, 2008, which collectively comprise the Agency's basic
financial statements and have issued our report thereon dated November 24, 2008. We conducted our
audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States.
Comnliance and Oiher Matters
As part of obtaining reasonable assurance about whether the Agency's financia3 statements are free of
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts and grant agreements, noncompliance with which could have a direct and material effect on
the determination of financial statement amounts. Such provisions included those provisions of laws and
regulations identified in the Guidelines for Compliance Audits of California Redevelopment Agencies;
issued by the State Controller and as intergieted in the Suggested Auditing Procedures. for.
Accomplishing Compliance Audits of California Redevelopment Agencies, issued by the Governmental
Accounting and Auditing Committee of the California Society of Certified Public Accountants.
However, providing an opinion on compliance with those provisions was not an objective of our audit
and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of
noncompliance or other matters that are required to be reported under Government Auditing Sta»dards-
Ini_emal Control Over Financial Reaortin
In planning and performing our .audit, we considered the Agency's internal control over financial
reporting as a basis for designing our auditing procedures. for the purpose of expressing our opinions on
the financial statements, but not Tor'the purpose of expressing an opinion on the effectiveness of the
Agency's internal control over financial reporting. Accordingly, we do not express an opinion on the
effeciiveness of the Agency's internal control over financial reporting.
A control deficiency exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of
control deficiencies, that adversely affects the Agency's ability to initiate, authorize, record, process; or
report financial data reliably in accordance with generally accepted accounting principles such that there
is more than a remote likelihood that a misstatement of the Agency's financial statements that. is more
than inconsequential will not be prevented or detected by the. Agency's internal control.
33
Board of Directors
Redevelopment Agency of the
City of Santa Monica, California
Page Two
A material weakness is a signifcanT deficiency, or combination of si~tiificant deficiencies, that results in
more than a remote likelihood that a material misstatement of the financial statements will not be
prevented or detected by the Agency's internal control
Our consideration of the internal control over financial reporting was for the limited purpose described
in the first paragraph of this section and would not necessarily disclose a31 deficiencies in internal
control that might be significant deficiencies or material weaknesses. We did .not identify. any
deficiencies in internal control over financial reporting that we consider to be material weaknesses, as
defined above.
This report is intended solely for the information and. use of the Board of Directors, and Agency's
management and is not intended to be and should not be used by anyone other than these specified
parties.
/1'1~.~. /zip P C.
Irvine, California
November 24, 2008
34
Attachment C
State Auditor Controller's-Report of
Financial Transactions
Fiscal Year 2007-2008
~~®~Q9~~,®~G~~~N~` >,~~~~~9~~
~9~~~~~~~ ~~~~~ ~ ~®~~ ~~~~~d d
~~~ER ~A~~
R~~~v~8®~rt~~nt A~~n~y ®~ ~~~ ~~~y ®~ Sa~t~ ~eaa~~
Fiscal Year: 2®t~S
fD Number: ~39~~9~45®®
Submitted by:
Signature
Executive Director
Title
Y. Lamont Ewell
Name (Please Print)
Date
Per Health and Safety Code section 33086, this report is due within slx months after the end of the fiscal year. Tha report is to
include two (2) copies of the agency's wmponent unit audited financial statements, and the report on the Status and Use of
the l.ow and Moderate Income Housing Fund (HCD report). To meet the firing requirements, all portions must be received by
the California State Confroller's Office.
To file electronically:
1. Complete all forms as necessary.
2. Transmit the completed output nle using a File
Transfer Protocol (FTP) program or via diskette.
3. Sign this cover page and mail to either address
below with 2 audlfs and the HCD report,
To file a paper report:
1, Complete all forms as necessary.
2. Sign Phis cover page, and mall complete report fo either
address below with Z audits and the HCD report.
Report wilt not be considered~filed until receipt of khis
signed cover page.
Mailing Address:
State Controller's Office
Division of Accounting and Reporting
Local Government Reporting Section
P. O. Box 942850
Sacramento, CA 94250
Express Mailing Address:
State Controller's Office
®ivision of Accounting and Reporting
Local Government Reporting Section
3301 C Street, Suite 700
Sacramento, CA 951316
1.Sj r i2"G ;pr 3 T +' P"s'"T "'~"~ R n.' n3f al v ='v.`~n BV ~ sir W' 'i~i99W 1 ~ ~'~-t W t T 1r x
~`r~ "' S G~v~ 'rn.F& s'~~'w'3$. h 's:a :^ 'fie se?1rr u+t. ~G, 2< 4~ ~E &~H~+ ~rl P x$~.~cEwi~ n~)y5 n~v~~.s-~,~"~a;.
Fiscal Year 20081
i Chairpetson?I Heta
~ Member ~hbY ~ ~j
Member Ken i
Member Pam _Ji ~~
Member Pochard
Membet Kevin ! ~i
Member ~Halbrook
~ Robad ~ (~
Membet y, _-_
L_._. -, ~~
Member ',_ ~~~ ~
~
~ Member .. _,
ll
L--~._ .- _ ~J ~ L-~
' "~~" `~""
-
last Name:, ;
:., .. _ . Middle
'Krrst Name:::
_.. lnkiai,
Phone'-~
,..
Execu{iv@ Drrecfor, I, Ewell ~ p. Lamont ~ n
~ x(310) 458-8301 ~
PoscaYAfficer !..
~ _
Swindell _ ~
_- ._~
Carol
~' ~
t(310) 458-8261 _-)
'$edretzty_.~' Stewart
~~__~ _
Maria ~ (310) 458-6211 7
:Firr"mNartie ~.
Last;;
Past ~.~, ..
~.
3ulydAle lmtrai ,'r.
Street -~ ^. ..
Dry.,:...:::,
'Stale"
r~ coae;
Phone {
(310)458-8253
and
Irvlne -...~ .__J
is~
~szsla- I
(949) 474.2020 ., .
Redevelopment Agency Of The City Of Santa Monica
Intlicatz Financial Audit Opinion
It Financial Audit is not yet Completed; Whaf. is the
Expected Completion Date? - '
!f the Audi(Opinion was Other than Unqualified, State
Briefly the Reason Given _
Was a Gompliance Audit Performed in Accordance with
Heallh and Safety Code Section 33080.1 and iha State
Controller's Guidelines for Compliance Audits, and Did
You Submit a Copy of the Audit?
Indicate Compliance Audit Opinion
if Compliance Audit is not yet Completed, What is the
Expected Completion Oate?
Unqualified
{
~`
Yes
Unqualfed -~
i
Audit infoi'matton Page i ~ ~ 1111112d08:.f
Was the Report Prepared fmm Audited Financial Data, Yes if compliance opinion includes exceptions,
and Did You Submit a Copy aF the Audit? ~ ~~ stata the areas of non-compliance,~and
tleschbe the agency's eftods to corceci.
-- -- _ -~ - - "-- "~ -- -~- ~-
Mies included payment of debt L =Low and Moderate Income Housing Fund M =Mortgage Revenue Bond Program
ice for existing lease revenue O =Other Miscellaneous Funds or Programs S =Proposed (Survey) Projeck Area
Is, providing funds for Improving
i
th - -
Does the Plan Include Taz increment Provisions? ~----i
Yesj
preserv
ng
e supply of low and
erate income housing, and Date Project Area was Established (MM-DD-YY) 1/7 317 9 76
iving approval to move forward
the proposed remodel of Santa ~
Mast Recent Date Project Area was Amended =-"
j_ 7l71l2006J
ica Place. Did this Amendment Add New Territory) L No
Most Recent bate Proect Area was Merged ~ r- ~~
Wi!! this Project Area 6e Carried Forward to Next Year? Yes
Established Time limit
Repayment of Indebtedness (Year Only) r 2029
Effectiveness of Pian (Year Onfy) ~ ~ ~~
2079
New lndebletlness (Year Only) _
~ 3
Sfze of Project Area in Acres ~
70
Percertlage of Land Vacant at the Inception of the Project Area _
~~
Health and Safety Cade Section 33320. i {xx.xY)
Percentage of Land Developetl at the Inception of the Project Area ~ ,00.0
Health and Safety Code Section 33320.1 (xzx%)
Objectives of the Project Area as Set Fodh in [he Project Area Pian ~ ~ Cj
(Enter the Appropriate Code{s) !n Sequence as Shown)
R=Residential 1=Industrial C=Commercial P =Public O =Other
` ProJed Area Report, ti ~Pagei ~ ~ 77/13l2(708~
Please Provide a Brief Description of ~ _
the Activities for this Project Area
During the Reporting Year. forwarded from Prior Year 7 ,~' „ ~'S:n~.Yt yY~~
Enter Code for Type of Project Area Report ' P
!--_~
Activfly Repori: ,' P = Standartl Project Area Report A =Administrative Fund
Please Provide a Brief Description o!
the Activities for this Project Area'
During the.Reporting Year.
Activity Report
Redevelopment Agency expended
Earthquake Recovery funds on.
ongoing seismic retrofit of downtown
public parking structures. Activhies
included: commencing construction
on the seismic retrofit and new
restmom facilities at Parking
Structure 4, located at 1321 2nd St.
In atltliiion, schematic design work
associated wdh tfie seismic retrofit
of Parking Structure 2 was
des Bluff Stabilization -On
.t 14, 2007, the resolution
/ng the Mitigated Negative
ration Mitigation Monitodng
ling Progrem was adopted for
oject and the City's Engineer
uthorized to proceed wdh the
~pment of bidding documenis
Slementation of the Palisades
Improvement project as
mended In the Geotechnlcai
ofihe Palisades Bluifs. Dn
nber 20, 2007, the City was -
d its national pollution
erge elimination permit.
Forwarded from Pdor Year?
Enter Code for Type of Project Area Report
P =Standard Project Area Report ,.
L = l.owand Moderate Income Housing Fund
O =Other Miscellaneous Funds or Programs
Does the Plan Include Tax Increment Provisions?
Date Project Area was Established {MM-DD-YY)
Most Recent Date Project Area was Amended
Did this Amendment Add NewTerrkory?
Mosi Recenl Date Project Area was Merged
~I
A =Administrativo Fund
M =Mortgage Revenue Bond Program
S =Proposed (Survey) Project Aroa
C_ Yes
~6/21I19g4
~- 7/11(2006
_ N°I
~_
Will this Project Area be Carried Forward to Next Year? ~ ~ Yes
Established Time Limit:
Repayment of Indebtedness (Year Only) ~ 2042
Effectiveness of Plan (Year Only) j ~ 2027
New Indebtedness (Year Only) _ ~-2014
Size of Project Area in Acres _
- C 1,851 f
Percentage of Land Vacant at the inception of the Project Area ~_ 10"O
health and Safety Code Section 33320.1 (xx.x%)
Percentage of Land Developed at the Inception of the Project Area ~_ 90.0
.Health and Safety Code Section 33320.'r (xx.x%)
Objectives of the Project Area as Set Forth in the Project Area Plan ~ RICPO
(Enter the Appropriate Code(s) in Sequence as Shown)
R=Residential I=Industrial C=Commercial P=Public O =Other
Projec4 Area Report ~. 'Page 2 11/13/2008
Please Provlda a Brief Descry~tion of
the Activities for this Project Area
During the Reporting Year.
Activiiv Repad ~._'..
eras paid wdh funds from the Ocean
Park Projed Areas. Funds were also
used to preserve the supply of low
and moderate income heusing.
Forwarded from Prior Year?
Enler Code for Type of Projed Ama Report
P =Standard Project Area Report
L =Low and Moderate Income Housing Fund
0 =Other Miscellaneous Funds or Programs
Does the Plan Include Tax Increment Provisions?
Date Project Area was Established (MM-PD-Y17
Most'Recent Data Project Area was Amentletl -
Did this Amendment Atld New Territory?
Most Recent Date Project Area was Merged
Will this Projoct Area be Carried Forward to Next Year?
Established Time Limit
.kip .}}~~'1K:~r. ~.'l'~'.-,..cl.~'.~;.'
~J
A=Administrative Fund
M =Mortgage Revenue Bond Program
S =Proposed (Survey) Project Area
~~ Yes
!~~ 1/24/1961
t_
~~ 7/11/2006
rLr_ Noy
L~~
~__ Yes
Repayment of Indebtedness (Year OnfyJ r 2022
Effectiveness of Plan (Year Only) ~ 2012
New Indebtedness {Year Only) ~ 2004
Size of Project Area in Acres {
~ 33
Percentage of Lantl Vacant at the Inception of the Projed Area .
L_
~~~
~HaaUh and Safety Code Section 33320.1 (xx.x%)
Peroentage of Land Developed of the Inception ofthe Project Area ~ ~ 1 0
Health and Safety Code Section 33320.1 (xx.x%J
Objectives of the Project Area as Set Forth In lha Project Area Plan ,. ~_
(Enterthe Appropriate Code(s) in Sequence as Shown)
R=Residential I=Industrial C=Commercial P=Public O =Other
Please Provide a Brief Descrip?ion of the Activities far this Project Area During the Reporting Year. -
Please Provide a Brief Description o4 the Activities for this Project Area During fne Reporting Year.
7g the reporting Panod, the Redevelopment Agency expended Earthquake Recovery funds on ongoing Selsmlo
fit of downtown public parking structures. Activities included: commencing construction on the seismic retroid and
resiroom facilities ai Parking Structure 4, located at 1321 2nd St. In additbn, schematic design work associated
the seismic retrofit of Parking Structure 2 Was completed.
jades Bluff Stabitizatbn - On August 14, 2007, the re5ofution approving the Mitigated NegaElve Declaration
~,ation Monitoring Reporting Program was adopted for the project and the City's Engineer was authorized to proceed
the development of biddMg documents for implementation o{the Palisades Bluffs Improvement project as
mmended 1n the Geetechnical Study of the Palisades Bluffs. On December 20, 2007, the City was granted its
mat, pollutiondischarga elimination permR- -
Clvk Center Village -On August 14, 2007, the Agency authorized staff fo commence development agreement
diations for the Civic Center Village residential development. On May 13, 2008, an Ordinance amending the Zoning
nance fo allow neighborheod serving uses in fhe Civic Center Area and approving flispositlon and Development .
emank (DDA) for the Civic Confer Village Residential Project was introduced. On June 10, 2008, the Agency
Rad resolittans approving the DDA and Lease Agreement between the Agency and Related/Santa Monica Village,
respect to the affordable housing production, during the raportiny year, two projects were completed: 2900 4th
d,'&rt acqulsitionirehabilitation project consisting~of 19 (2three-bedroom, 9two-bedroom, and 8one-bedroom)
of affordable to tow income households; and 1944 20th Street, an acquisition/rehabilitation project consisting of 8
-6etroom units suitable for large family affordable to very-low and low-income households.
Please Provide a BAef Descrg~tion of the Activities for this Protect Area During the Reporting Year.
Project Area Name
Frozen Base Assessed Valuation' ~ ~3,687,360
Increment Assessed Valuation ~ 144,519,992
Total Assessed Valuation ~ 148,207,3521
Assessed~Valuatiori Data ~P,zget 11/13)2008;;
Fiscal Year 2008 .
F'fscal Ysar 2008
Project Area Name
Frozen Base Assessed Valuation
Increment Assessed Valuation
Total Assessed Valuation
Earthquake Recovery Project Area
3,867,274,539,
5,472,774,522
9 340,049,081
L-_r-~
Assessed Valdation Data ~ Page 2 11Ti312D08 ,
,. , „ , , . ,Assessed Vallrahon Data`„ .,.. Y„ .. , ,,,
Project Area Name Ocean Park Project Area - _-~
Frozen Base Assessed Valuation ~ 12,887, 9
increment Assessed Vaiuation 367,095,172
Total Assessed Valuation _ 379,983,097
'AS"sesSetl VaNa4on Data'! Page 3 ~~11/13l2008 ~ _;,,
._ ~,
Fiscal Year 2008
Amounts Paid To Taxing
Agencies Pursuant 70: H & S Code H & S Cade H & S Gode
Section 33407 - Section 33676 Sec4oq 33607 Total ~ H & S Code H &'S Code
Section 33445. Section 33445.5
.County ~- ___
-._
.... $0 ~~x~7ir~F~'~.t~ s d ~r~i:< 4 I;r~,~~~
Cities .
~ f __ _ _.._
$0
~-2 i .'M7i, ,.;~~ if'7~'rx c , ~'a' ~~
,.,.
School Distncls ~"-""'__~ .. SO _,__,_"_
Community College District _ _.___
__ f
~ $p J _-.__1
$Peeiai Districts ~-_~-~_ .__.____ $0 +c ° ~,'~~„l'4b'n J°e M,e,;'uj ar. °.u =un~i~:
Total Paid io Tazing $0 $0 $0 $D - $0 $0
Agencies
NetAmount in Agency r~;w8+ ~,~7 +"'s'~n uiie ,. d„~'u~~'e7'~i ~1~r~;~ v'~. r'?n ~;.~,' $7,460,898
Grose Tax Increment .~"~';nE"56`r~'~sk,'~'s%~°. ,' ;.,`,;~ ~s~&"~' „~"ytl< ~;yp~~r~,~ „ x~a ;r 7460,898
Generated
Project Area Name Downtown Project Area __ 1
Tax incremerrt Pass Through Detail Other Payments
Project Area Name
Amounts Paid To Taxing
,Agencies Pursuant To:
County
cines
School Districts
Communfty CollegeDislriM
Special DistdIXs
Total Paid to Tazing
Agencies
Net Amount to Agency
Gross Tax Increment
Generated
Earthquake Recovery Project Area
Tax Increment Pass Through Detail Other Payments
K& S Code H& S Code H& S Code Total H& S Code H& S Cotle
Section 33401 Section 33676 Section 33607 Section 33445 Section 33445.5
~__.,_. l-_._ S "382,770 $8,382770 vYvCaw~:: ~' i rt_;i+., °~t~rlr~,~~~..
~- ~~~ -- 2,110;883 -~ $2,110,663 .ii. ~4.''~'',n1' S„~ ,~, ".,:~ d'~tr+t.e,~/` r
~- 2,669,136 52,669,5361 ~~
t- 634148 $634,148
~~,..___. 448,135 $448,135 o t~ [^t„~•~'~ ^r' t 5~;'t~ k aMCtir ;yfJ~
$0 ~ 50 $14,244,852 $14,244,852 ~ $0 - ~ $0
,u ~~~ xie,~w';`E,r~.µr t~fi tieei~+. it ut l~r~`'4^ly tea ~NO~p $46.022.635.
+ .yrv,~u JJ~u; i~ •^ x~..~( ~~~'ir~Fti aS nY nsl~.,9 r' ,~,I~uaFwt
"~ ~ fi0,267,887 ~
Pass-ThroUghlSCho6l District Assistaricz 15age,2 ~ 1.' 11%11/'1008?_.",
;Pass Throu'ghd'Sdhool Disfricf llssistance
Fiscal Year 2008 ~
County
Cities
School Districts
Community College Dlstdct
Special Distracts
Total Paid to Taxing
Agencies
Nak Amount to Agency
Gross Tax Increment
Generated
-.-__..._ $0 N ~aY ~1Ca'~4S r tr >kf w~aa ~' ..#e~t~i~
L.._ _.~.....- ~___-
_~_ - $0 _-__~
, ~ ~a,
l -__~ -- $e h isbwS+,r,fe~ n s ra ,. ).~4: {~ trv ~ hrF~ Y1'r x
:?i.~i~~91 ~i$~~.~`32'iu is &xJ `~'?>i,.1ti: ~,w~'FI ruS. ii~.d14~3 'u'r.., .4N $3823,156
~r ,~ ~ vi.5:{-~~`. w 3:N/ R+'3~.Fvv~4z1M" d ,~,' ; ~R'~'~.e~6".>F p«~i .d~ 3,823 168,
Pass-Through/5chooLiJistnd A~sist$nce 'rtr P9ge3 ~ 11111/200$';
Fiscal Year X2008
Project Area Name Ocean Park Project Area f
Tax Increment Pass Through Dotail Other Payments [
Amounts Paid To Taxing H & S Code 'H & S Cade H & S Code Total ~ H & S Code H & S Cotla
Agencies Pursuant To: Section 33401 Section 33676 Section 33607 ~ Section 33445 Section 33445.5
Project Area Name
Tax Allocation Bond Debt
Revenue BOnds 1,140,160
Other Long Tenn Debt ~~~
CilyiCounty Debt I 23,g2g~2g3
Low and Moderate Income Housing Fund ~ f68,310
Other
Total ... _.._... -
§25,137,713
Available Revenues ~ 8,377,562-`
--~
Net Tax Increment Requirements ~ §16,760,151
Fiscal Year . .,,.
Project Area Name.
Tax Allocation Bond Debt
Revenue Bonds
O[her Long Term Debt
CilylCounty Debt.
low and Modarate Income Housing Fund
Other
Fotal
Available Revenues
Net Tax Increment Requirements
~adhq~la~}c¢ e~°-r~e~cgf0ar ~ n~r's,r~~y t.
tl t "~'~il x..,Rk 1 n u. ~ nY~ ~ '
`P~ rUt,1~ atdkn ~S~,y N ~,+.. i,L 3~ a.~yt'`:T ae `EAi( r°(
96,469,515
ILIT~
L~~~
231,080,234
11,763,000
C 17,184,000
5356,496,749
62,170,941
8294,325,808
Summary' of the Statement of Indebtedness Proect Area Paget , i'; ~ 11/1'1/2008
Fiscat Year
Project Area Name
Tax Allocation Bond Debt 15,090,349
Revenue Bonds
_~_.._._.. f
~~
Other Long Tenn Debt ~
I I
City7County Debt ~ I__ 8,009,315
Lwv and Moderate Income Housing Funtl ~ ~ 1,044,228
O[her ~ 11,549,744
Total 535,693,636
Available Rovenues
Net Tax Increment Requirements 535,693,636
Summary~ot tFie Sfaternent of lntlebtedriess project Atea ~~ Page3 11/1772008
{' P e u e rv w rte. F v 5 '~~ ,t ~ ~ a~'~' ~i. rr ¢ n
~'_~~`~%.v `+~Y~.3~.±= E~ ~~.5?~.,n;~ ~' r ti3`tF~~'I~yt1.:1`c„K~ilrr"~Ce ~ .~k?~.v~;~1~~,~ ..~~~~.
- ~ ~ Agency Long•Term Oebt
Fiscal Year 2008 ___
Project Area Name Downtown Proect Area
Forward fmm Prior Year
Bond Type
Year of Authorization
Principal Amoudf Authorized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Matumy Date Ending Year
Principal Amount Unmatured Beginning. of Fiscal Year
Adjustment Made During Year
Adjustment Expianafion
Interest Added to Pdncipal
Principal Amount Issued During Fiscel Year
Principal Amount Matured During Fiscal Year
Principal Amount Defeased During Fiscal Year
Principal Amount Unmatured Entl of Fiscal Year
Pdncipal Amount In Default
Interest In Default
tCity/County Dabt
2001 _--^
€___ 19,498,893
I 19,498,893
Protect Funding
2x01
$18,636,921
~..._._.____ 1
j 861,9721
ss~sao
I
^19.409,013
~11
~J
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bands; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; CityfCOUnly Debt; US;State;
Loans; lease Obligations Notes; Deferred Pass-Thmughs; Deferred Compensations Other
I
Agency Long-TertmDe6f , `Page 1. ~ 13/11/2008 , ;l,
'rd'.' a o r ZeA„iSM1F ! mi"", a E a-,^~a ~a. ti..
~~1~.~°~ A ~.: r7~'au ,.,~,~~1~fl ~7`K~~7~;~,",. ~~~~s"~In ~ 6~tC~'~ ,,~+ ~.~;,1,
l Y` ,A~ ;; ~ ^iiu b. SR r r ` ~,» nRk .~eh a4"A
f F~ L~I~ ~ ue a' °_~ „ue..3 u.~.,_~~~~~t.~a`«~~a~~~~3~~~,1
~J yu+~ ~~~'~: i t£ c~y~r~~~~~a~~ ~~~1~fl~ C~~i~ 4~t~~f ~ '0 V' 'i~ i
Fiscal Year
Project Area Name
Forward from Prior Year
Bond Type
Year of Authorization
Principal Amount Authoriz®d
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Maturity Date Ending Year
Agency long-Term Debt
zoos =~
Earthquake Recovv~ Protect Area _-__ _ ~
Principal Amount Unmatured Beginning of Fscal Year
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount Issued During Fiscal Year
Principal Amount Matured Duriog Fiscal Year
Principal Amount Defeasetl During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount in Default
Interest in Default
City/County Debt
~- 2001
' 1$,827,877.
3,827,877
Bond Types Allowed: (
Tax Allocation bonds; Revenue Bonds; Certiflcates of Participation; Tax Allocation Notes; Financing Authority Bonds; Cdy/County -ebt; US;State;
Loans; Lease Obligations; Notes; Deterred Pass-Throughs; Deferred Compensation; Other
Agency Lbng=Perm -etit~ ('age2 11/1112008 ",
r $3,465,462
f ._-~
~..~
i~~~Fa '. f(P5~ ~, _ µf ti .:DUN ~' pi "a . ~.. ~'i ~ '~~.,nnvti 4,! ..S'^ R 'nc ~~i.N~~~
k4$ +1~ ~ Agency Long-Term Debt ~ -
Fiscal Year 200888
Project Area Name Ocean Park Proleet Area __ f
Forward from Prior Year.
Bond Type .
Year of Aulhodzation
PrinGpa7 Amount Authored
Principal Amount Issued
Purpose of issue
Maturity Date Beginning Year
Maturity Date ErMing Year
Principal Amount Unmatured Beginning oP Fiscal Year
Ad}ustment Made During Year
adjustment Explanation
Interest Added to Principal ~ ~ _
Principal Amount Issued During Fiscal Year - ~ 307,427
Principal Amount Matured During Fiscal Year ~_-~
Principal Amount Defeased During Fscal Year ~~
Principal Amount Unmatured End of Fiscal Year ~ §6,371,074
Princi al Amount In Default ~
P -~ -
~ 1
Interest In Default ~ j
Bond Types Allowed; _.
~'I Tax Allocation Bontls; Revenue Bonds; Ced~cates of Padlcipatlon; Tax Allocation Notes; Financing Au{hority Bonds; City/County Debt; US;State;
I, Loans; lease Obligations; Notes; Deferred Pass-Throughs; Deferrad Compensation; Other
Agency Long-Term Debt{ Page 3i ' '19/13!2008
i~~. ,. ~br ~A ~? ~ ~ ~BY-'tL ~ x ~F i4 - ..e i ^'.O td~5` _..~. "'.r~. ~Rc
~n- r f e1 1 C
~%~~. ~,- ?~~ k '"~ e e ene ~A r nuz~~',' t~ s~'s~ ~ _ ..~ti
rt ~ >m Sucre ~" ~ a vh,~ ~ ~ ~ r 7!
. 'Agency Long-Term Debt
Fiscal Year 12008
Project Area Name iDowntown Project Area _
Forvvard from Prior Year
Bond Typa
Year of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
r3smi~t 4~drii;
Maturity Date Beginning Year
MaWriry Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount issued During Fiscal Year
Principal Amount MaWred During Fiscal Year
Principal Amount Defeased During Piscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Defeult
Interest In Default
Bond Types Aliovred:
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; CityJCounty Debt; US;State; i
Loans; Lease Obligations; Notes; Deterred Pass-Throughs; Deferred Compensation; Other ~ I
Agency Lohg-Term bebt Page 4 ;.11)11/2005 ~ .':
51,120,OW
r"~
i_
___~
N€~-' -9~fro N y~ ,i - parry, w .~- r .2q
~~~'~ `3d1r~k`6'P ~ r, Y ~~~~~~~i $r tt~R~IlG'IFi.,~^ ~ v w t A,
.v.C....L.c ~wo-3.'~u3a. 2~.i~3~'^'.ih. 7!... u...., i:~ !'~~aZRLLS F~SN`M1h3W S3Al *ANff'a'= ~f9A>Y~S Y' iu,Y ~t~
Agency Long-Term Debt
Fiscal Year 2008
Project Area Rame Ocean ParK Project Area ~___~
Forward from Prior Year
Bond Type '
Year of Authorization
Principal Amount Authorized
Principal Amount Issued
Purposeaf Issue
Maturity Dale Beginning Year
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
~ 411
Tax Allocation Bonds
___ 2002
79,315,000
L_ 79,315,000
To Defease 1992 Bonds and I
LowlModerate income Housing
___.~
~- 2003
-- 2018
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount Issued Oudng Fiscal Year
Principal Amoun! Matured During Fiscal Year
PrincipalAmount Defeased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
Interest in Dafaull
I
Bond Types Allowed:
Tax Aflocaiion Bonds; Revenue Bonds; Certificates of Participation; Tax Allocaton Notes; Flnanang Authority Bonds; City/County De61; US;State;
Loans; Lease 061iga6ons; Notes; Deferred Pass-Throu9hs; Deferred Compensation; Other
Agency Long Term beht Page S': :.7 111 1 20 0 8
514,805,000
C=_ _=_J
y*'~'.g(+:'i'"'~^. --»'Ufl~' ' i?e, ..ern.. ¢ t t^.~` h 1s '~3'r~~aa ,. n+i" ~~
3z, ~ ~ ~. ~ .~''" v 21t~'~ ~~ m ~...i
,~
M.
Agency Long-Term Debt '
Fiscal Year 2008
Project Area Name ~Earfhquake Recovef~,Project Area ___ ~~
Fornard from Prior Year
Bond Type
Year of Autfiodzation -
PrincipalAmountAuthorized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Maturity Date Ending Year '
Prncipal Amount Unmatured Beginning of FisceLYear
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Princpal Amount Issued During Fiscal Year
Prindpei Amoum Matured During Fiscal Year '
Principal Amount Defeased During Fscal Year
Principe{ Amount Unmatured End of Fisral Year
PrincipaiAmount In Default
tn(erost [n Default
f Bontl TYPes Allowed:
~' Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tau Allocation Notes; Financing Authority Bonds; City/County Debt; US;State;
~', loans, Lease Obligations; Notes; Deterred Pass-l-hroughs; Deferred Compensation; Other
1,530,OD0
$6D,965.000
~.___~
~_.____
r~
low/Moderate Special
Capital Project >7ebt Service Income Housing Revenue/Other
Funds ~ Funds Funds Funds - Totat
Tax Increment Gross
(include All ApportionmanfsJ
Special Supplemental Subverrtion
Property Assessmems
Sales and Use lax
Transient Occupancy Tax
Interest Income
Renfal Income ,
Lease Income
Sale of Real Estale
Gain on Land Meltl for Resale
Federal Grants
Grants from Other Agencies
Bond Administrative Fees
ether Revenues
Total Revenues
1,168,638 ~ ~ 292,280 ky ~~ ~ '~,io~u,~ ~" $1,4&0,898
i -__~
I___ C-~ $o
_
j - L `~
- $o.
r--
4
I ~__.._~
_ - -.
,_,,., $o
63,584 2,443 10,544 j. $76,571
_
~ __
- ~ ~.._._.. $o -
~1,220,200 _ ~-- $1,220,200
._ ~ ~ $0
$0
t-
1 -r
_.~ $0-.
1,450,343 ~ ~ $1,450,143
$3,902,565 $2443 ~ $302,804. $0 $4,207,812
' Stafemerit of Income and Expenddur~. Revenues ~~ Page 1 17111/2008 -
Fiscal Year 20 BUSU
Project Area Name Downtown Project Area _ _
Tzx Increment Gross
(Include All Apportionments)
Special Supplememal Subvention
Property Assessments
Sales and Use Tax
Transient Occupancy Tax
Interest Income
Rental lncrome
Lease Income
Sale of Real Estate
Gain on Land Held for Resale
Federal Grants
Grants from Other Agencies
Bond Atlminlsfmtive Fees
Other Revenues.
Total Revenues
LowlModerate Special
Capital Project Debt Service Income Housing Revenue/Other
Funds Funds Funds Funds ~ Total
48,214,150 ~ 12,053,537 !~''1'i"a at ~~;o~ „f1' §50267,687
__
!
§0
__ _ $0 .
_
2,043,715 6,638 432,133 §2 A82486
$0
r C r §0
9 _ so
_
_ _
729,345 --~~------ I 109869T- --- ~~ §839,214,
550,987,210 §6,638. §12,595,539 ~ ~ §0 §63,589,387
Fiscal Year 2008
ProiectAreaMarne, Earthquake Recovery Project Area
lowlModerete Spacial
Capital Projacf Debf Service Income Housing RevenuNOther
Funds Funds Funds ~ Funds Total
Tax Increment Gross
(Include AllApporGonmants)
Special Supplemental Subvention
Property Assessments
Sales and Use Tax
Transient Occupancy Tax
Interest Income
Rental Income
Lease Income
Sale of Real Eslafe
Gain on Land Held for Rasaie
Federal Grants
Grants from Other Agencies
Bond Administrative Fees
Other Revenues
TaWI Revenues
3,058,525 1 764631 ~$"~' rir ~r r~=~~+,at~ ~ $3,5.23,166
-__
~__ i
____ ~
~
$0
-_.-_~. _
__._..._$0
i ~~ - $0
-__.__. _
222,289 101,140 ~ 28,704 $352,133
._.. ____.
._
~__-~ ~ $0
~- - ~
__ $0
--- ~ $0
-_.._, $0
~.._
_
12,630 ~ ~ $12,630
$3293,444 $101,140 _$793,335 ~~ _~ ~ $D $4,187,919
SfatemenY~eof Income and~Expenditures=Revenues ~'. Page3 .'1111N/2008
Pisca(Year i'2008_,,.,,_._.~_~
Protect Area Name Ocean Park Project Area ~ __ _~
Project Area Name
Capital Project - Debt Service ~ Low/Moderate Special
Funds Funds Income Housing RevenuelOfher Total
Administration Costs 307,476 -
$307,476
-~- ~..J-.._.-. - $0~
Professional Services 7
Planning, Survey, and Des(gn ~ _ ~ g0
Real Estate Purchases
Acquisition Expense
Operation o3 Acquired Property
Relocation Costs
Relocation Payments '
Site Clearance Costs
Project Improvement / Consfruction Costs
Disposal Costs ~ {_,______.__i.___-- ~ ~ ~ _. _.$0
Loss on Disposdion of Land Held for (~- j g0
Resate ~ --- ~-
Statemenfof Income and:Ezpend((Ures-;Expendftures 7 Pagejt 1}/1}/2A08 n
..,
,: !Sfafement of lncothe and Expenditures k'xperdltures ~-- ~. :~i
_FiscalYear ~nnl u I ." ..,, .~. ... ._.,,,__.~ ..
__,_.-_..L_.._ SO
$0
__.
~~ _ _ ___.__.___.... ..._.$O ..
Fiscal Year
8roject Area Name Down own Frolct Area___,___,^___ __
Capital Project Debt Service 4owlModerate Special
Funds Funds Income Housing RevenuelOther Total
Decifne in Value of Land Held for Resale r " - . - ~~~" ~~ ~" ~~" -" ~ ~~
-___--f_-_ 50
30 .
Rehabilitation Costs
Rehabilitation Grants ~ $p
Interes! F~ense
Fixetl Asset Acguisifions
Subsidies to Low and Moderate Income
Housing
bebt Issuance Costs
Other Expenditures Including Pass-
Through Payment(s)
Dabt Principal Payments:
Tax Allocation Bonds and Notes
Revenue Bonds, Certificates of
Participation, Financing Authority
Bonds
City/County Advances and Loans
Ali Other Long-Term Debt
Total Expendftures
Ezcess (Deficiency) Revenues over
(under) Expenditures
1 $0
9,080,000 ---~- $1,080,900
--. .. _
L__...._._ 89,880 ___ -~~~~ ~ -- $89,860
__-_. --_~_. ~ $o
StAlement 9fjncome andEZpenddures,-Expentlrtures-{ .Paget 1711'1!2008 il.
Capital Project Debt Service Low/iNOderate Special
Funds Funds Income Housing RevenuefOther ~ Total
Administration Costs
Professional Seances
Planning, Survey, and Design
Real Estate Purchases
Acquisition Expense
Operation of Acquired Properly
Relocation Costs
Relocation Payments. ~ ~~. __~___ J 80
Stte Clearance Costs (~~-~-~--- _..~~- ..... 50
Project lmprovemenfl COrtstruction Costs 51,129,500 ~ 2,990,725,990,725-T $54,120,225
Disposal COSts ~- $0
Loss on Disposdion of Land Heltl for i - ~~~ ~ $0
Resale --~ -~-
Statementiof lncom'e and;Expenddures-~~Syendlfures .~.~ r, Page3 11/1172008 !?
~ i
. ... , ,.. ..~..._. .. ~. w .:....... .. .. . r ..., ..,_ .. , . ,. , ,. ,. ... .. ... _..
Fiscal Year 2008
Project Area Name ~ Earthaaake Recovery PrajectArea __. ___~
f.__~-~--2,158,368 _ 234,777 $2,393,145
I~--_~_ - _.. .. ~-..-. $0
...___ __~._..__--...-,,,,pQ
__~..__ __ .t ~
I_..._ ... _._ $0
Capital Project Debt Service low/Moderate Special
Funds Funtls, Income Housing RevenuelOther Total
Decline in Value of Land Held for Resala r ~ $0
Rehabilitation Costs ~ ~ ~ --~ - $p
Refabilitation Grants l---'--°.__._i--~ ._._f_...~___ ~ Cn
Interest Expense - 2,875,469 $2,875,469
FixedASSatAcquisitions ~(~. ~ ~~~ $p~~
_.A.~______- k_--
Subsidies to Low and Moderate Incrome ~ ~ 4 ! $0
Housing
Debt Issuance Costs - (~ ' !
--h~_._..------ _ so
-- ------------
Other Expendltums Inclutling Pass- 14,244,852 I ~ $14,244,852
Through Payment(s)
Debt Principal Payments:
Tax Allocation Bonds and Noies 1,530,OOD ~ $1,530,000
Revenue Bonds, Cer(ifratas of ~ ~ -T ~ - yp
Participation, Financing AU(hority -" - -
Bonds '
City/County Advances and Loans I ______ _ `~ ! ~ ~~~~~~ ~ ~~$0
All Other long-Term Debt
-_._-_-_._ __ ~
-_____1_.a,_- $p
Total Expenditures $67,532,720 $4,405,A69 $3,225,502 $0 $75,163,691
Excess (Deficiency) Revenues over {$16,545,510) (54,338,831) $8,370,037 $0 ($11,574,304)
(under) Expenditures
Statement of Income and Expenditures :Expenditures +! Page4 ', 11/1112008,;;
Project Area Name lEarthauake Recovery Protect Area ___`__`___-___._j
Administration Casts
Professional Services
Planning, Survey, andDeslgn
Reat Esfata Purchases
Acquisition Expense
Operation of Acquired Property
Relocation Costs
Relocation Payments
Site Clearance~Costs
Project Improvement! Construction Gosts
L_~ `698 ~ - ,_~~_ 5269,907
--r--~-----
__._ .._..~ ~__. 50.
~- ~ ----~- Sti
___._
~~_~ __T - - _ so
Disposal Costs L_ ~ ~- -~__~`-'gp
Loss on Disposition of Land Helddor r^ ~- ~ ~~ Sp
Resale '-' '--
Statamentltlf Income and Exp@nddUres ;.;Expenditures,:; ;Page5 y1/1772008 ='
Project Area Name ocean Park Project Ar®a _ __ _
Cap(tal Project Debt Service Low/MOtlerato ~ Special
Funds Funds Income Housing RevenuelOther .Total
Fiscal Year
Project Area Name
Capital Project Debt Service LovBMOderate Special
Funds funds Income Housing RavenuelOther Total
a-" ._. _.-....
Decline in Value of Land Heitl for Resale ~ ~_ ,~ _ $0
Rehabilitation COSts
Rehabildatlon Grants
Interest Expense
Fixed Asset Acquisitions
Subsidies to Low and Moderate Income
Housing
Debt Issuance Gosts
Other Expend7ures including Pass-
Tnrough Payment(s)
Detit Principal Payments:
Tax Albcation Bonds and Notes
Revenue Bonds, Certificates of
ParlicipaGOn, Financing Authority
Bonds
CityfCounty Advanws and Loans
Ail Other Long-Term Debt
Total Expenditures
307,427 ~ 711,129 ~ $1,018,556 ~~~~
--~--~-----~-- _ ... $D
~-_-~-----~------~--~-~-~- $o-
~__....... _~__ $0-_
~ --~~-f- _-~---- _...__._,_ $0
Excess (Deficiency)Revenues over j $1,221,051 ~ {$1,624,969) ( $638,865 ~ $0 ~ 5234,927
(under) Exp¢nditures
Statement bf;lncome and Eiq:ettditures :. ;,_ :~ ~ _,; 11!19/2008 !.
ExP 9
. ;, . -.~, ..... en dares,. Vii. . ~ Pa a 6.: „ . <,.. .. - + .~. .~. . ~~;.4
r F xn s rii Fri W~ k'Y.f*. K ~. .
- Proceeds of Long-Term Debt ._
~ -
~ ~
~r $0
Proceeds of Refunding Bolls ~ ~
_... ~~
~__ ._ .,.. ... $0
Payment fo Refunded Bond Esctow Agent ~ -~ ~_
_. __~ ~- ^ $0
__
Advances from City/County L 851,972 ~^ ~ $861,872
~
Sale of Fixed Assets ~_~_~ $0
~ -_
Miscellaneous Financing Sources (Uses) ~ _ ~ _ ~ $0~
pperating Transfers In ~ ~ ~' 1,15_
7,877 ~ $1,157,877
Tax Increment Transfers In . _
~ - ! $0
OPeratln9 Transfers Out 1,157,877?
__ ~
i $1,157,877
--- ~~~
Tax Increment Transfers Oul E ~ _ ~ ~ ~ ~ $0
(7'o 1he Low and Moderate Income Housing Fund)
Total tlUrer Financing Sources (Uses) ($295,91)5) $9,157,877 $0 $0 $861,972
'Statement-.ditncome and~~E>?penditures~-Other Financing Sources ~ Page i': ~11/11/20g8
Fiscal Year - 2008
Project Area Name owntown Proiect Area ,__~
Gapftal Project debt Service t.owlModemte Special '
Funds Funds Income Houstng Revenue/tltfier Total
Excess (DeFiciency) of Revenues and $1,591,231 $21,640 $302,804 $0 $1,915,675
Other Financing SOUrcesover -
Expenditures and Other Financing Uses
Equity, Beginning of Period ~ $2,766,874 $1,069,347 $1,902,485 ~ $0 $5,738,706
Prbr Period Adjustmenfs ~ ~ ~___._. ~ ~ $0
Residual Equity Transfers i ~ ~ _,~__ $0
Equity, End of Period $4,358,105 $1,090,987 $2,205,289 ~ $0 $7,654,381
Fiscal Year 1200$^~
Protect Area Name Downtown Project Area _ _~~
Capftal Projecf Debt Service LowlModerate Special
funds Funds Income Housfng~ RavenuelOther ~ Tofal
Capital Project Debf Service Lovi/Moderate Special
Funds Funds income Housing RevenuelOther ~ - Total
..__ __
Proceeds of long-Term Debt L ~ ~ 50
Proceeds of Refuntling Bonds ~ ~ ~ ~Y $g
Payment to Refunded Bond Escrow Agent ~ _ ~ ~ _ L ~ ~ $0
_'.-'T-__.. - - .. ..
Advances from City/County ~~ T~ _~~_, 90
Sale of Fixed Assets ~ ~~- - ~ _ ~__ $0
PAiscellaneous Flnancin9 Sources (Uses) ~ ~ 50
Operating Transfers In ~_„ , _ 4,44'1,735 ~ ..,__ I ______ _ 54,441,735
Tax Increment Transfers In ~ }_____ ~ $0-
Operating Transfers Out ~ 3,553,402 _ _ ~-J 888,333 54,441,735
_ ..... _.
Tax Increment Transfers Out ~ _ ~~`~ $0
(To the Law and Moderate Income Housing Fund)
Total Other Flnanctng Sources (Uses) (53 553,402) $4,441,735 ($888 333) $8 $0
Statement of Income and Expenddures=AtheT Financirigswrces Page 3~.? 11!11/2008
i~ra~n ~~-~.~x,~ai vr~asa~,er~,m*nsr~-. :i ~ ~~ P ~ ~~ :: ' a r ~' ,t,., ~ ~ .,:. s
Capital Project Debt Service LowtModerate Special
Funds Funds Income Housing RevenuelOkher ~ Total
Excess (Deficiency) of Revenues and ($20,098,912) ~ $42,904 . ~ $8,481,704 50 {$11,57A,304)
Other Financing Sources over
Expenditures and Other Financing Uses ,
Equity, Beginning of Period $75,714,783 53,063,476 $23,117,364 $0 $101,895,623
Prior Period Adjustments ~ -4,039,75{{~ ~- ($4,039.753)
Residual Equity Transfers ~ j ~_~ -$0
Equity, End of Period $51,576,118 53,10Q380 $31,599068 _ $0 - $85,281,566
"Statemeh6of Income a'rid Expenditures`-Other FinanEing SOUrces ,, Page4s ..ii71i(2008,.
Fiscal Year ~ 2UOS -
ProjeckArea Name ~ Earthquake RecoveN Pro eckArea _
CapitalProject Debt Service LowlMOderate Special
Funds Funds Income FiousEng RevonuetOther Totai
Proceeds of Long-Tenn Debt ~~ I _ $0
Proceeds of Refunding Bonds ~ ~' _ _~ ~-~ ~ $0
Payment Fo Refunded Bond Escrow Agent ~- ~ ~-~ ~~ $0
Advances from City/County 7,427-j -~~---~~-_- ~~~$397,427
Sale of Fixed Assets ~_~~- ~- $0
Miscellaneous Flnancing Sources (Uses) ~ ~__ $0
Operating Transfers In ~ ~- 7,693,745 ~ ~ __ $1,693,745
Tax Incremenl Transfers In ) ~-~ ~ --~~ ~ gq
Operating Transfers Out ~ 7,354,996 -~- 338,749 _ ~ $1,693,745
lax Increment Transfers Out ~~~ ~ $0
(TO the Low and Moderate Income Housing Wnd)
Total Other Financin Sources Uses
g ( ) ($1,047,569) $1,693,745 ($338,749} $0 $307,427
"'. 3tatementof lncomeand Expenditures OfherFtnanofng'5ourCes .
Fiscal Year L2008
Projeet Area Name ocean Park Protect Area __, _
Capifai Project Debt Service LowlModerate SPeciai
Funds Funds Income Housing Revenue/Other Total
Ezcess (Oeficiency)o{Revenues and $173,482 $68,756 $30Q116 $0 $542,354
Other Financing Sources over
Expenditures and Other Financing Uses
Equity, Beginning of Peiod 57,656,346$3,055, 195 $1,592,740 $0 $12,304,281
Prior Period Adjusimenls ~- ~~ _ ~ ~ ~_ --d $0
9 Y ~ __~-_ -~i _ ~ ~ $0
Residual E uii Transfers ~-
Equity, End of Period ~ $7829,828$3,123,957 $1,892,856 _-50 $12,846,635
>Stafementof Income and E`xpendrtures .OtherEmalidng Sources
Fiscal Year 2408 ~~
Project Area Naroe Ocean Park Pro ect Area _ __ ~
Assets and Other Dehits -
Cash and Imprest Cash I__ 53,005,620 ; ~-_-~ ~~ 17,761,568 - - { x3.~E,t~i~,;°;~:r',r ~Gq r ~,~~>`7:C' fF",'~'t~k $70 767188
Cash wtth Fiscal Agent ('551,691 7,321,3181 __._113,471 ~
- ie T~`'C v''.i"ar rir 4, -~~f uk~~7 ..y+'` $7,986,480
flax Increments Receivable ~ 3,209,920 -
__, ~- 1,023,842; ~~ o ix st gr~!Sa 1r a,ryj~`; r' ;1' u~a
._ ,,, $4,233,762
Accounts Receivable f 15,0731 ~ ~ J* ae,,.,a~h,'ur1, P+ ,,v,,,,,;*rx>~ r/a+rr~~ $15,073
Accrued Interest Receivable I 734,376 1 ,.. . f 147,159 ~ ~ `*' J~ u „~,,;;~ /,~ ar*~''y;~:;C;~{~Jf sr s.,rrr;! $$81,535
LcansReceivabie ? 11,535,395] ( 16,732,026 hoe w„~,r. ar i~.',°3>•:;?°~`{` .ky~,~: $28,267,421
Contracts Receivable ~ _.--~-_ ~~,.-.
._ r zss ~,tui~° is a3 s.S.~r'itr~~ 4rm,_ „'.- $0
Lease Payments Receivable .1120,000 'I _,,,
.. -_
~,.._ ~~- ~__,
~ r">f'.':yWJ r , s~
$1,120,000
Unearned Finance Charge
~~ _.~..
~~T~-~ ~~--- _._
1 ~"r %`~~v.~,*Y,q"~"~
r ~v rr
-. $0
Due fmm CaPltal Projects Fund ~____~_ __
~~ -~~ ____
~ 'fr w ~"~'!.'~*` '~~ `l':~',e;.'.i?7r .~Y.d. ,..
$0
Duo front Debt Service Fund ..__ __
L T __ _.
~
~ M.,
~a<#^S) yrc"M~', ~ ~ w, ~,+,j,~^} V1's a ,.
$0
Due from LowlMOderate
Income Housing Fund ~ ~
`. - ^
(~
-~- ~ ~ ~.,j",,,.ym1,.w~r',,1',,jr,ib~r+',~pr;t $p
-
Duefrom.Special __
~~~ F ~
~ ~.,~ ~'',^',''p,~, ~,*, iaF`~}ri $0
Revenue/Other Funds ~ ~ ~ -
Balance SYieef Asset's andOthertkbi(S „Pagel 11l11Y2008 i
lowlMOderate Special
Fiscal Year 2008 Capital Projects Debf Service Income Housing RevenuelOther General long- General Fixed
Funds Funds Funds Funds Term Debt ~ Assets Total
investments I ~x,tf<,x~~7~ i?~~i.. ~~s1~r`~?f 1~k '~;+ $g
Other Assets ~_ _ ..__ -_. -_,
-. _ i , _ ., r , ~.~' z i ~'~..:-'/~A'=~I~€za~'t w;~~
:_.. $0
_._....
Investments: Land Held for T,;',„u;{1"N Yv,'
Resale -.
z'm' ~' rxr rtn '1 ~
I n., vu,_~~.v ~a.~a~~„a,~
"""'"-
--- --
$o
Allovianoe for Decline In
Value of Land Held for Resale __ _
a s _
,, s,f~7 .trf>,'~~is 1~,3 !
-- -~ ~ -
,,, t;,„ Y *~;t~,.,,,,., ,"z•.Y"rrzt•$ Y~*croa'i.
~ $0
Fixed ASSets_Land,
Structures, and Improvements
,,,~,! ,t` ~~,i"~'~axxtt+3`4d.,uy'FW f +~"7„+.t+?... ~~,tsu err»- __ _ _
'~ oa.t., ,Eut"~?~ 142,385,405
- -'-- .
$1a2,386,405
E9uipment s.k~ m+~,~"'.1'.7~'~j'~,`d a~ d, .,rv'.,' 7"Pr",zi, l+rr ~II~~ Jr 'v ~. ~~„ rv;u ,. 0- $0
Amount Available In Debt
Service Fund ,';,rrl;~,s d~~"ha e.?~«w'~`ir'e ~ra:+uc 6f'r~' ilk., ~~c ~____... 7.986480 /ro, ~'~r~;~,ii Es i+,il~
- $7,986,480
Amount to be Provided for o- Ci'e,a~w S.~n~~'iye, ~? r n ar e + ~ti zd s -,,r. y {~olp,p - ~ ~ st„,UM~, ~ z, t,.,1;r ~ $97,949,059
,~ {. ~ I l .. v s. r, y , a 97,949 059 r ~,~' r
Payment of Long-Term Debt ---~--
TDoa~i~ sets and Other $70,172,075 $7,321,318 $35,778,066 $0 $105,935,539 $142,385,405 ~ $381,592,403
(Must Equal Tota! L7ahllltles,
Other Cn;dds, and Equities) ~ -
Balance Sfieet-Assets and Other DebifS page2 :'t'I/11/2008 ~ ,
Low/Moderate Special
Fiscai Year 2008 ~P~i Projects Dabt Service income Housing RevenuetOther General Long- General Fixotl
Funds Funds Funds Funds ~ Term Oebt Assets Total
Liabilities and Other Credits
Accounts Payable
Interest Payable
Tax Anticipation Notes Payable
Loans payable
Other LiabiBtiss
Due to Capital Projects Fund
Due to Debt Service Fund
Due to Low/MOderate
Income Housing Fund
Due to Special
RevenuelOther Funds
lax Allocation Bonds Payable
Lease Revenue, CartKCates
of Panicipation Payable,
Financing AUttlorify Bonds
All Other LOng•Term Deb[
Total Liabilities and Other
Credits
Low/Modarate ~ Special
Fiscal Year 2008 Capital Projects Debt Service Income Housing Revenue/Ofher General Long- General Fixed
Funds Funds Funds Funds Term Debt Assets Tota3
~__.~ jlxs ,7~i x''y ~. ~ vtl rd t_,i '~ i ~ytr i.~ $0
.„~',~` 'MSy ~¢e.a ~~ "Uv",r1°ty?r:;~ 1.fi ~ '~nJ ~Nyt `~,,,,,y,rj ~ 78.570000 v"~tirw ~.u s. ~1M $7b,670,000
it"J~" 1, ,j. ~~....f~i'. '"~"t~".rk~ ~v'~r`"`~"~ .., ~,~r~~ , .>a.;t _ 1,120000 ;ir ~w't .. ~~ .>~;'6~t,' $1.120,000
e ~~ --'._. ' _
Equities
Inyeslmeni In General Fixed ~~vn,~~,~; $ua,'!,xau]t~~~~f~°{"4 mi'n ~'ru d~.~'~kl,`,1~n a. m.i~' xl +'b;?";'~;:~:aam,_&i~ 142,385,405 $142,385,405
_...
Assets __ __ . .__
Fund Balance Reserved 46,555,497 ^ 7,321.318„ 31,497_564
__. ~-----~~-- ti ~,?."i',;:"~'~z ~alrt`'k:,z,K„.e ~~~~ $85,474,379
Fund Balance ~. ...____.
~ - t P2 w ,;;h?~.~~° t ga;7v~v>4 f ~ "a .. .. $~ -
Unreserved-Designated ~
FundBalance t 17,708,554 - 4199649 ~-- -----~~- t- F fu'r » ny ~ ~~ ~
+' ~' ~i~ r ~.+~ t 1 .5 $21 308 203
Unreserved-Undesignated
Total Equides ..._
$63,784,051 _.
$7,321,318
$3b,697,213
$0 _rr a`~ ,~=ni as?, $142,385,405 $249,167,987
Total Liabifities,
Other Credits, and
EgnIC1e5
$70,972,075
$7,321,318 _
$35,778,056
$0 $105,935,539 $142,385,405 $361,592,403
Balance Sheet ~Liabllities and Other Credds ; %Page'2 ~ , ~ 11!17/200$. ,'.
Low/Moderate .Special
Fiscal Year 2008 Capital Prgects ~ Debt Service Income Housing RevenuelOther General Long- General Fized
Fuhtls Funds Funds Funds Term Debt Assets Total
"= Statemeritof lncomeand Expenditures Suhimary ~ompined Tlansfer's ln/OuC°'~
Fscal Year2068„ .._-_
Operating Transfers In ~ , 52293,357
Tax increment Transfers In ~ 55
Operating Transfers Out 57,293,357
Tax Increment Twnsfars Out ~ 59
Supplement to the Annual Report of Community Redevelopment Agencies
Redevelo ment A en LD Number: 13981984500
NameofRedevelo mentA ene .Santa Monica Redevelo mein A enc
Mark the appropriate box below to indicate the ending date of your agency's fiscal year. Report
data for that period only.
September 2007 f" December 2007 ~ June 2008
Return this form to the California State Controller's Office. If you have any questions
regarding this form please contact:
U.S. Bureau of the Census, Shannon Doyle, 1-800-242-4523
A. Persomrel Rxpendetures
Report your government's total expenditures for salaries and wages during the yeaz, including
amounts paid on force account construction projects-
Z00 $ 0
B. Mortgage Revenue Bond Interest Payments
Repor[ your govemment's total amount of interest paid on mortgage revenue bonds during the
year.
U20 $ 0
U.S Bureau offfie Census- Revised 6R008
STATE(vlENT 0E INDEBTEDNESS -CONSOLIDATED
'FILED FOR THE 2008-09 TAX YEAR ''
Name of Redevelopment Agency RedevelDpmenf Agency of the Gity of Santa Monica .
Name of Prajecf Area Downfown Redevelopment Project
Cover Page
Gu rrent
Balances Carted Forward From: ~ Tofal'. PrincipaUlnterest
' Line Cutstanding Debt Dua During Tax Year
?
Fiscal Period -Totals
(From Form A, Page 1 Tofals)
(t)
$
25.137.713
$ 25,ffi7,713
(OPtional)
(2)
Post Fiscal Period-Totals (From FOfm BTOlals)
Grand (3) 25,137,713 25,137,773
Totals
Available Revenues (6J 8.377.562
From Calwlatlon of Available Revenues. Line 7
Net - ~ (5) $16.760,i57. ~
Requirement
Consolidate on this tone all of Lhe tlata contalneH on Form A and B (including supplemental pages). Form A Is ro Nclude ail indebtedness
entered into as of June 30 of the Fscal Year. Form B may be fiAed at the oplion of the agency, and is to include indebtedness entered into
past June 30 of the Fiscal Year, pursuant to Health and Safefy Code Section 33675(e)(2}. This Is optional for each agency and !s not a
regirirement far filling the Statement pf Ipdebtedness. Tne Reconciliation Sfatembrrt is to include indebtedness from Form A only.
'cation of Chief Financial (7fficen
r,., suantte SecHOn 33675 (b) of the Health and Safety Cade.
! hereby cedily that tho above rs a Wa and actuate Statement of
Intleotedhess fortho above named agency.
Carol Swindell' ~ Director of Flnaoce
Name;. qq ,~}} ~ Title: '
CALCULATION OP {eVAILABLE REVENUES
AGENCY NAME Redevelopment Agency of the Clty of Santa Monica
PROJECT AREA Downtown Redevelopment Project
TAX YEAR: 2008-2009
RECONCILIATION DRTES: JULY 1.2007 TO JUNE 30.2008
1. Beginning Balance, Avallable Revenues $ 6,601,399
. (See Instructions)
2. Tax Increment Received -Gross ~ ~ ~ 1,460,897
All Tax Increment Revenues, to Include any Tax Increment
passed through to other local [axing agencies.
3. All other Available Revenues Received 2,733,927
(See instructions)
4, Revenues from any other source, Included
in Column E of the Reconciliation
Statement, but not Included In (1-3) above _
5. 'Su'm of Lines 1 through 4 - _ 10,796,223
6. Total ~amounfs paid against Indebtedness - 2,41$661
in previous year. (D + E on Reconciliation Statement)
7. AJailable:Revenues, End of Year (6 - 6) ~ $ $,377,562~~
FORWARDTHIS AMDUN7 TO STATEMENT OF INDEBTEDNESS -
COVER PAGE, LINE 4
NOTES
Tax Increment Revenues: '
The only amount(s) to be excluded as Tax IncremeniRevenue. are any amounts passed through fo other
local taxing agencies pursuant to Health and Safiety Code Section 33676. Tax Increment Revenue set-aside
in the t.ow and Moderate Income Nousing Pund will be washed in the above calculation, and therefore omitted "~
from Avallable Revenues at year end.
Item 4, above: -
This represents any payments from any source other than Tax Increment OR available revenues. Poc
instance, an agency funds a project with a bond Issue. The previous SOI include a Disposition Development
Agreement (DDA) which was fully satisfied with these bond proceeds. The DDA would ba shown on the
Reconciliaton Statement as fully iepaid under Yne "other" column (Col. E), but with funds that were neither
Tax increment, nor "Available Revenues" as defined: The amounts used to satisfy this DDA would be inciuded~
on tine 4 above in order to accurately determine ending "Available Revenues".
RECONCILIATION STATEMENT -CHANGES IN INDEBTEQNES$ Page 1 oft
Name of Agency Redevelopment Agency of the City of Santa Monica
' Name of Project Area Downtown Redevelopment Project
Tax Year, 2008.2009 ftecortcihation Dates: From Jufg T, 2007 to June 30, 2008
__
A
B C
O E
F
Debt ldeM~glion: ~ Outstanding Debt ~ Adjustments AlnOUnte Paid Against Remaining
SOi, age and line: edef MBeginrimg Increases .~~: ~ ~.~Deaeases Intlebtedness, from: Balance
Prior Yr Curtent Yr Desert tlon Intlebtedness (attach CtNlanation) (atach explanation) Tax increment Other Funds (A+B.GDk)
'3 i P9 1
~
ieA UneA Perking tease Revenue 6nnds $ 2;278,849 3 ~ - $ - $ 1 138,680 $ - $ 1 940160
P9 7 P9 7
Line 0 i.ine B Senta Monica Note #t' 7.434,766 72,712 ~ ~
_ 1,506,878
P9 1 Pg 1
Lin®C Line~C Santa Monica Note 7l6` 97,202,756 ' ' 789,260 89,880 17,902,136
Pg 1 Pg 1
fineD tineD Pkg. StNdure Reimo. Agreemt. ' 1,019,378 ~ 530,100 489,218
Pg 1 Pg~t
Line E Line F DIT C99p/Relmh. Agreement ~ 3,473,013 3,473,013
P91 Pg t
LineH L7neJ 2007.0820°lo SetASide" 258,666 33,593 ~ 292,259
P9 1 P9 t
tiOe~F LineF 7932-9320%6norttall 10.370 10,310
P9 NEW Pg 1
Lme ones 2008-09 Admin lndired ~ 46,918 ~ - 46,g7g
TOTAL-THIS PAGE S 25,677,0"09 $ 942,483' -$~~. '-' '~$'" 2,050,979 $ - $ 24,568,633
70TAlS FORWARD 490,766 589,080 ~ 122,420. 367,742 ~ 569,080
BRAND TOTAtS ~ $ 26,167,235 $ t,51t,563 .$ 122,424 $' 2,418,661 $ ~ - $ 25,737,793
NOTE: This form is to reconcile the previous Statementof indebtetlnass to thecurrent one tieing filed. However, since the reconciliation is
limited by law ke a July 9 -June 30 fiscal year period, only (hose items ibtluded on the' SOI Forrn A is to be included on this document
To assistin following each'item of indobtedness from one'SOf to-thenext; use pegs and tine number references from eaoh SOI that the
item of indebtedness is listed on. If the indebtedness is ti'eiv to Lfiis fsealysaT eriter"novel' in the'Prior Yr' page and line columns.
Column-F must equal the surrerttS0l, FormATOtal Oufsfandidg~D~ebf c'dl4rnii:
-Adjuslmenl reflects accrued intan=sEfor 2007-OS ~ ~ ~ ~ ~ •-~
Atljustment reflects invease ineeslimata used on the previous SOI.
RECONCILIATION STATEMENT - CHANGES W INDEBTEDNESS Page 2 oft
Name.of Agency Redevelopment Agency of the City of Santa Monica
Name o4 Project Area Dovyntown Redevelopment Pro)ect
Tax Year: 2008-2009 Reconciliation Dates; From July 1, 2007 to Jtine 30, 2008
. ~ p B C D E F _... _.
Debt Idenltfcation; 'Outstanding Debt ~Adjust menls Amounts Paid Against Remaining
d f Bri
f All Beginning Increases Decreases ~ indebtedn ess. from: Balapce
SOI; pa e an loe: " e t Other FUnds (A+B-GD-E)
Prior Yr CunanfYr Description Indebtedness (attach explanaton) (attach explanation) ..Taxincremen
Pg NEW
Line Pg 1
Lina H 20D8~09 Reimbursement
Agreement
$ A11,080
$~- -
$ -
$ -
5 411,080
Pg NEW
Line P91
Linel
2008-0920%Set Aside
158,000'
-
-
158,000
P91
LineG Pg 2
LineA
2007-0B Retmb. Agreement'
429,90D
-
122,424
307,476 _
Pg 2
Linea Pg 2
Line6
2007-0B Admip Indirect
6(1,266
-
-
60,266
-
Pg 2
Una Pg 2
Line
Pg
Line Pg
Line
Py
Line Pg
Line
Pq
Line P9
Line
P9
Line P9
Line - .. .... .... ..
P9
Line P8
line _
Pg
Ling Pg
Line
TOTAL-THIS PAGE $ .490,166 $ .569,080 5 .. .122,424 $ 367,742 $ - $ 569,080
`Adjustment reflects increase/decrease in esdmate used on the previous SOi; '
STATEMENT OF WDEBTEDNESS - FISCAEYEAR INDEBTEDNESS Form A
FILED FOR THE 2008-2009 3AX YEAR Page 1 of 2
Name of Redevelopment Agency Redevelopment Agency of the ~ty of Santa Monica
Name of Project Area Downtown Redevelopment Protect
For Indebtedness Ente[ed into as of June 30, 2008
' Ori Inai Oata Current
Oebt Idenliflcation
Oate
Principa( -
Term Interest
Rate ~ Totat
. Mterest Total '
Outstanding Dabt Principal/Interest
Due Oulmg Tax Year
(A)Parking Lease Rev BOndsSedes 2002 ~ 05l0?t02 $ 5,640,000 6Yeats 4.60% § 734.025 $ 1,140,760 § 1,740,160
"Santa i'/OrllCa Note #Y
06/30181
871,840'
Demand 5%Abava
CSM Rate
1,506,878
1,506,878
(cl Same Monica ke'
' t0/24/78
4,400,000
Oemand~ .5% Above
CSM Rate
-
17 902,736'
17,002,736
(D)Pkg Sirudure Reimh. Agreement ~11R9O8 16,717,707 30 Yeats'. ~ ~ Nona 489,218 489,218
{Ej 0(f Coop/Relmb'. Agreement^ 12/17/85 16,187,626 Open None 3,673,073 3,473,073
(F)1992-9320% 8honfail 12/14/93 15,365 Open ~ None - 70,310 .10,310
G) 2008A9 Atlmin Indiraa 06/17/08 46,918 Open tvbne 46,918 48,918
H)2008-09 Reimbursament Agreement 06/17/08 671,080 O en None - 411,080 a71,080
i 2008-0920%Set Aside 0&77!08 168,000 Open Nene 158,000 ~ 158,000
(J)2007-0820%SotAside 06/12/07 _ 248,666 Open None - - -
SubTOlal,
Thk Page
Dias orv+arded
from Ail Other Pages -_
$ 25,137,713
$ 25,137,113
Total
Page
$ 25.137,713
$ 25,137,]13
Purpose of Indebtedness'.
(A) Fnance portion ofcosl A pkg siruc(ure (Reftmded Series 1992)
(B) Land, construction, relDwGOn and opomtion rgsts.
(C) For land transfer
(0) Pkg- Structure Pyreement (Est. based an formula calculation)
(E) 7hlyd Street matt imp. (Reduced for sale of COP's during 1986-87j
(F}larv and moderate inwme housing £und '
(O]Operagng expenditures
-Qi) Operating expenditures ~ ~ '
' (I) 20 % {{Dosing Set Asitle (PerSec. 333342 of Ca Redev Law)
(J) 20% Housing Set Aside (Per Sec. 33334.2 of Ce Redev haw)
Mates are payable on demand wlih accrued Interest
STATEMENT,OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS Foms A
-FILED FOR THE 2007-2008 TAX YEAR Page z of 2
Name of Redevelopment Agency RedevelopmenfAgency of the Gity of Santa Monica
Name of Project Area Downtown Redevelopment Protect ~ ~ - • . ~ • .
For lndabtedness Entered info as of JUne.30, 200$
Purpose of lnde6tedness: " - ~ .
(A) Operating Expenditures (G)
(6J Ope2ting Expenditures (H).
(C) (1) .
(n) (~')
(E) - ~ (K)
fF) 0.)
STATEMENT OF INDEBTEDNESS.-CONSOLIDATED cover Page
FILED FOR THE 2008-09 TAX YEAR
Name of Redevelopmenk Agency Redevelopment Agency of the City of Santa Monica
Name of Project Area Earthquake Recovery Redevelopment Project
' ~ Current
6alancesCarried Forward Fram:
Line Tofnl
Outstanding Debt PdndpafMterest
Due DUdng Tax Year
Fiscal Period -Totals ~ ~ (Fmm Form A, Page t Totals) (1) $ 356,496,749 $ 62,OOD.tl07
(Optional)
Post FiscalPeriod-TOtalS
(Fmm Form BTOtals) ',
(Z)
-
Grand
totals
(3)
356.496,749
62,000,007
Available Revenues
From Calcugfion o(Available Revenu '
es, Line?
(4)
62,i70,84f
N¢l
Requirement
(5)
$ 294,325,608
-
Consolidate on this form all of the data contained on Fonn A and B (including supplemental pages). Form A Is to Include all indebtedness
entered Pnlc as of June 30 of the Fiscal Year. Form D may 6a filled at [he opllon of the agency. and is to inciutle indebtedness entered into
post Juna 30 of the Fscai Year, pursuant to Health and Safety Code Section 33675(c)(2): This~is optional for each agency and is nbi a
requirementfor5lring the Statement of Intlebtedneas. The Recondltallon Statement is to InGUde intlebtedneas from Fomn A only.
;atlon of Ghlef Flnanolal Officer.
Pirnuant to Section 33675 (b) ofthe Health and Safety Code,
I hereby cer5fyihat the above is a we and actuate Statement of
Intlebtedn¢sa for the above named agency. '
CALCULATION OF AVAILABLE REVENUES
AGENCY NAME Redevelopment Agency of the City of Santa Monica
PROJECT AREA Earthquake-Recovery Redevelopment Project
TAX YEAR: ~ 2008-2009
RECONGIUATION DATES: JULY 1.2007 TO JUNE 30 2008
1. Beginning Balance, Available Revenues - $ 81,850,253
(See Instructions)--
2. Tax Increment Received -Gross 0^0,267,687
_. AO Tax Increment Revenues, to include any Tax Increment
passed through fo ofher IocaE taxing agencies. _ -
3. All ofher Available Revenues Received - 2,176,755
(See Instructions)
4. Revenues from any-other source, included _
In Column E of the Reconciliation
Statement, but not included in {1-3) above
5. ' ~ Sum of Lines i through 4 ~ 144,294,695
6. Tote( amounts paid against indebtedness 82,123,764
in previous yeas (D + E oh Reconciliation Statement)
7. Available Revenues, End of Year (5 - 6j ~ ~ $ 62,170,941
FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS
COVER PAGE, LINE 4~
NOTES
Tax Increment Revenues:
The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other
Iooal taxing_agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set-aside
in the Low and Moderate.lncome Housing Fund will be washed in the above calculation, and therefore omitted .
from Available Revenges at year end.
Item ~4, above;
This represents any payments from any source other than lax Increment OR available revenues. For
instance, an agency funds a project with a bond issue. The previous S01 include a Disposition Development
Agreement (DDA) which was fully satlsfled with these bond proceeds. The DDA would be shown on the'
Reconci~ation Statement as fully repaid under the "other" column {Col. E), but with funds that were neither
Tax Increment, nor "Available Revenues" as Banned. Tha amounts used to satisfy this DDA~would be incuded
on tine 4 above~(n order koaccuratelydetermine ending "Available Revenues".
REGONCfLtATION STATEMENT - CNANC~ES 1N fNDEBTEDNESS Page t of3
Name of Agency Redevelopment Agency of the City of Santa Monica.
Name of Project Area Earthquake Recovery Redevelopment Projec[
Tax Year: 2008.2009 Reconciliation bates; ,From July.-1, 200T.to June 30, 2008
A 6 G D E F
Debt Ident~catien: Outstanding Debt Ad usbnenfs ' ' ~ Amounts Paid Against Remaining
SOI, page and line: Bdei Ali Beginning Increases :Decreases Indebtedn ess, from: Balance
Prior Yr CunentYr Dasenprron Indebtedness '(attach ex~anation) attach ex lanation) lax Increment 'Other Funds (A+B.C-p-Ej
Sgt P97. ~ ~ -
LineA LineA 2006 Earthouaks project bonds $ 100,874.984 $ - $ ~ - S 4,405,469 $ - $ 98,469,575
P9 i P9 7 2002-03 Promissory Note-
LineB Linea Parking structures 96,421 A30 3,670,138 91,750,892
P9t Pg1
lane C Line C 2007-08 Reimb. Agreement' 2,074,958 39,990 2,034,968 - -
Pgt Pgt
LIttC D Line D 2007A8 20% HOUSIrig Set Aside` 10,463,000 1,590,537 12,053,537
Pg 1 Pg 7 2007-OB Pass Throughs Par
LinaE LineE AB1290' 17,724,000 2,52Q,852, 74,244,852 -
P9 1 Pg 1
Line F Line F t99'o57 Reimb: Agreement 12,250,794 - 12,250,794
NEW Pg 1
Une Line H 2008-09 Reimb, Agreement 2,337,775 - 2,331,776
NEW Pg 1 '
Line ~ Llnet 2008-0920%Set ASlde 17,763,000 11,763,000
TO7AL-THIS PAGE -- $ 232,808,166 $ 18206,165 $ 39,990 $ 36,408,964 $ - $ 274,565,377
'OTALS FORWARD 162,521,972 .25,3t7,fi78 187,488 45,774,790 141,931,372
GRAND TOTALS $ 395,330,738 $ 43,577,843 $ 227,478 $ 82,723.754 $ - $ 358,496,749
ROTE: This form is to reconcile the preVlous Statement of Indebtedness to the current one being Fled. However, since the reconciliation is
limited by law to a Jaly 1 -June 30 tisw.l year period,anfythose Items Included on the SDf Form A is ro be Included on this document.
To assist iri following each item of indebtedness ftom one SOI to the next, use page and line numbef references from each SOf that the
' item of indebtedness is listed on. If the indebtedness is new to this fiscal year, enter "new" in the "Prior Yr" page and Ilne columns.
Golumn F must equal the current SOI, Form ATotal Outstanding Debt column.
Adjustment reflects inSreaseldecrease in estimate used on the pmvlous 501
RECONCILIATION STATEMENT-CHANGES IN INDEBTEDNESS page2ofs
Name of Agency Redevelopment Agency of the City of Santa Monica
Name o{project Area Earthquake Recovery Redevelopment Project
lax Year: 2008-2009 ~ ,' Reconciliation Dates: From July T, 2007 to June 30,'2008
A B D F
Debt Identification: Outstanding Debt Adjust ments Amounts Paltl Against Remaining
SOI, page and line: ghat All beginning Increases Decreases tndeDtetlness,from: 8alarroe
Prior Yr Current Yr Descd ion IrWebtedness (attachexplanadon (attach explanation) Tax Increment Other Fonds (A+b-G0.E)
Pg NEW
~ Pg 1 , 2008 Seismic Retrofit of Pkg
1ne L1neG Slrtrcture4 8809) $ - $ 5,468,208 $ - $ 2,238,245 $ - $ 3,229,963
P9 2 P9 2 2000-01 Reims. Agreement- ~ ~ ~ ~ '
LineA LineA Palisades 81ut1 Pro' ct (7954) 1,469,243 330,733 1,129,510
Pg2 P92 Selsrnic Ratmfit of Parking
Linea LIneB SWCtures 7&8(807$) .772,621 772,621
Pg 2 P9 2 2002.03 Parking SWCture Pert.
t.ineC LIneC Agreement (8181 60,000,000 60,000,000
Pg 2 P9 2 2002-03 Reims, Agreement- ~ ~ '
Line D Line D library Pbic Prkng PrjM (8185)' 187,d86 187,488
Pg2 P92 2002-03 Palisades eluRMSg _ .. ., ..
'_{neE LIneE Coopem9on Agreement (8180] 50.000.000 50,000.000
P92 Pg2
Line F L'me F 2007-08 Admin Indirect 151,999 ~ 751,999
Pg NEW Pg 2 2008-09 Pase Throughs Per
Line Line G A67290 77,184;000 17,184,000
P9 7 P9 t - 2005 Santa Monies College
Line) Line) Cooperation Agreement (8276) 6,7fi7,070 6,767,070
P9 2 Pg 2 2004-05 Seismic Retrofit of
Jne N Dne H Owntn Prkn Sirctre 6 (8449) 496,114 ~ 496,114
P9 2 P9 ? 200405 Removal of sWCWre at
Line 1 Une 1 1657 Ocean Ave 8443 7,719 1.719
Pg 2 Pg 2
- 2005-OB Seismic retrofit of
Linea Lire J thin swcture4 8474 $ 422,726 $ 422,728
TOTAL-THIS PAGE $ 119,068,982' $ 22,652,208 $ 787,488 $ 8,897,047 $ - $ ~ 132,636,655
`Adjustment reflects doseout cf remaininmg baiznce. '
RECONCILIATION Sl-ATEMENT-CHANGES fN INDESTEDNESS Page3ot3
Name of Agency Redevelopment Agency of the City of Santa Manrca
Name of Project Area EarfhquakeRedovery Redevelopment P~oiect .
Tax Year: 2008-200g Reconciliation Dates: From Jufy 9; 2007 fo Juna.30,~2008
~
Debt'Identlficatbn: Outstanding Debt " '
Atl ust menfs ~ ~ Amounts Paid Against Remaining
$OI, page and line: gde{ Atl Beginning Increases Decreases, tndeBtedness, from: Balance
Prior Vr Cudent Yr Description - Indebtedness (attecfi explanation) (attach explanation) Tax Increment Other Funds ~ (A+B-C-D-E)
Pg 2
_1naK Pg 2
LIneK 2007 415 Pacific Coast Highvay
Coop Agrmnt (8676)
3,127,990
~
3,127,990
P91
Line K Pg1
Line K 20071336-425th St Cooperation
Agrmt (8684
5,800,000
5,793,440
-
6,360
Pg 1
LIneL Pg 1
LIneL 2007 430 Arizona et el
Cooperation Agmmt 8693) -
27,900,080
27,893,163
~~
6,837
Pg 2
Llna L Pg 2
Lina L 2007 1632-36 5th St Cooperation
Agmnnt (8648) ~ .
6,625,000
6.625,000'
Pg NEW
Line Pg 3
LineA
2008.09 Admin Indirect
~
128,470
128,470
P9 NEW
Line Pg3
Line B 20082nd&4th St Ped.&
$treetsca a Imp (8816)
2,531,000
~ 2,950
2,528,050
P9
Gne P$
Line ~ -
P9
Line Pg
Une ..
Pg
Line Pg
Line
Pg
-ine Pg
Line
-
P9
Line P9
Llne . _ .... _ .. ~
pg
L7ne pg
Line
~
~
~.
_..
TOTAL-THtS PAGE $ 43,4$2,990 'S "' '2,659,470 $~ ' ~ - $ 3&817,743 5 - $ 9,294,717
STATEMEN70FINDEBTEDNE$S-F9SCALYEARjNDEBTEDMESS FormA
FILED FOR TWE 2008-2009 7AX YEAR Pagel of3
Name of Redevelopment Agency RedevelopmenfAgency of the City of Santa~Monica
Name of Project Area Earthquake Recovery Redovelopment Project '
For Indebtedness Entered into as of June 30, 2008
' Onginat Data ~ Cumenl '
Debt ldeMlOeafian
Data
PrFncipal
Teem Interest
.Rate Tatai
mtorest Total
4ulstanding Debt Prineipalllnterost
Due During Tax Year
(A) 2006 Earthquake Project Bonds 04/27!06 84,750,000 30 years 4.60% 40,378,797 96,469.675 4,403,981
02-03 Promissory Note-Parrcin SWCtures 06/20103 60,000,000 Open ~ 7.00% 32,550,000 97:,750,892 3,569,878
(C ~200R08 Relmb. Agreement OBIt2K17 2,074;958 Open None '
"(D)2007-0820%Housing Set Aside 06112J07 10,463,000 Open None '
(E)2007-0B A87290 Pass Through O6H 2107 11,724,000 Opon Norm
(F)7996-97 Reimb. Agreement (6806) 1/02/97` 20,000,000 Open ~ Nore 12,250,194
(G)20083eismic RetrofR Pk9 Structure#4(8809) 09(10/07 5.488,200 Open Npne 3,229,963 3,229,963
H)200&09 Reimb. Agreement O6/77108 2,337,J76 Open ~ ~ None 2,337,776 2,337,776
(i)2008A920%Housing Set ASitle 06/17108 77,763,000 Open Nane 77,763,000 11.763,000
(J)20653an[a Monica College COOP Agrmnt 8218) 07/76105 70,206,623 2Years - Nane
(K)20071338-425th St Goop Agrtnnt (8683) 05/24/07 6,000,000 Open Nona 6,360 6,360
(L)2007430 Arizona Cocp Agrmnt{8693) 03/30ltl7 27,900,000 Open Norre 6,857 5,837
'otal,
age ~
o[als Orwa ed
Rom AU Other Pages
Total
Thls Page ~
$ 217,808,337
738.688,212
$ 356,496,749
$ 25,477,795
36,588,212
$ ~ 62,000,007
Purpose of indebtedness:
(A) Refunding of 1999 hoods (G}Seismic Retest Pkg Structure 4
(B)Acquisdion of parking stryctures - (H)Operaling ExpendiWres
(C)Operoting ExpenGtOres Q)20%Housing Set Aside (Per Sec 3334.2 of Ca Redev. Law)
(O) 20°k Housing Set Aside {Per Sec 33334.2 of Ca Redev Law) - (J) Fedlity cbnstrucilon "
{E)Pass Yhroughs Per A81290 {Sec33697.5 (b)of Ca Retlev Csvg (K)Property acquisition
(h~COmmemial Steetscape Prolect ~ ~ (L)Property acgeiStion
'See First Amendmentdated 7/12/99 and Secpntl Amendment dated 726/99.
STATEMENT OF INDEBTEDNESS - FISCAL YEAR INDEBTEDNESS Form A
FILED FOR THE 2008-2Q09 7AX:YEAR Page 2 of 3
Name of Redevelopment Agency Redevelopment Agency of the City of Santa ~Manica
Name of Project Area '. Earthquake Recovery Redevelopment Project
For indebtedness Entered into as of June 30, 2008
Original Data Current
Debt Identification
Data
PnnG al
~ Term " :Interest
Rate Total
IntareaE Total
Outstanding Debt Prinoipaiflntarest
Due DUdn9 Tax Year
(A) 2000-0i Relmb. reement-Palisades Bluff (79547 ~ 05YlJHl1 ~ $ 1,500,000 Open None $ - 1,129,510 $ 1,129,510
(F`~~eismic Retrofit of Parking Stmctures 78.8(6078)' Ofil1&'Ot 8,950,200 Open Nane 772,621 172,621
(C;..J02-A3 Pkg Structure Ped. Agreement (8181) .01/09(03 60,000,000 Open None 60.tl00.tl00 3,400,000
(0)2002-03 Reimb. rmnt-Lb Pbic Pr.Y Proj (8185) Ot/31/03 M12,9i9,719 Open - None ~ '
E)2002-03 Palisades BluR7Hsg Ccop. Ayrmnt (8780) 01!09/03 50,000,000 Open None 50.009,000 4,500,000
(F 2007-OB Admin indirect 06/12/07 157,999 Open None -
(G)2008-09'Pass Throughs PerA81290 ~ 06!17!08 171184,000 Open Nana' 17,1&4,000 17,784,000
(H)200405 Seismic Retrofit Parkn SYruclre6(8449) 02f:2/05 1,319.650 Open None 496,714 496.114
12904-O5 Backstructure Removal Agreemem (8443) t
02!70/05
ifi4,99fi
ORaO
None
1,779
1,719
J)20D5-06 Seis[NG Retrofit StNCture4 847x) 07718Itl5 - 737,500 Open ~ ~ None ~ 422,726 422.728
(K)2007415 PCH Cooperation A reement {$678) - OSf10/07 3,897,000 Open Nane ~ - -
(L)~20071632.395th St COOP Agnnnt (8648) 12107!06 7,625,000 Open None 6,625,000 6,625,000
Totai
image
$ 436,031,692
$ 33,931,892
Purposeaflndebtedn~ss: -
(A)2000-01 Reimb.agreement-Palisades eNR Project (G)Pass 7hroughs PerABt290 (Sec 33607.5 (b)of Ca Redev i:aw)
(S) Seismic retrofR of downtown parking structurea' ~ (H) Seismic refrofn of patWng structure 5
(C)2002-03 Seismic retroitt/rehabllltate dOwfROWll parking sWctures - jl)Remorat ofbacksWCture at76570wan Blvd.
(D)2002-03 Santa Monica Main Lktlary supplemental public parking protect (!)Seismic retm6t of parking stmcture4
(E) 2002-03 Palisades Biuff stab7l¢ation project and affordable housing pmjBCfs (K) Construction of publiO'beach facility
(F)OpemOng expenses ~ (L)Properly acquisition
'Debt amount wds,lnueasetl from $6,950,200 to $10,866,200 perwoperetion a9reBment dated 4!16!02
STATEMENT OF INDEBTEpNESS - FBSCAC YEAR
FILED FOR THE 2008-2009 TAX YEAR.
Name of RedeveFOpment Agoney Redevelopment Agency of the City of Santa Monica ~ ~ ~ ~ ~~
Name of Project Area Eerthquake Recovery Redevelopment Protect
~~- For Indebtedness Entered into as of June 3Q 2008
Form A
Page 3 of 3
' Ori inat Data ~ Current
Debt ldentlfication
Date
Principal
Tenn Interest
Rate Total
Interes! Total ~
flutstendEng Debt PHnclpal/1nt¢resf
Dua During Tax Year
(A7200&09 Admin lrMveC 06!17/08 $ 128,470 Open None - $ 128,470 $ 128,470
(' SOB 2ntl & 4th St Ped. & Streetscape Imp (8676) 70/24/07 2,53T,000 Open None 2,526,050 ~ 2.528,050
(Of
(D)
(~
C>7 ~ ..
1~) - ~ ~ -
(H) ~ ..
(~
J
(K)
0.)
TM.r
age
$ 2,658,520
~$ 2,656,520
Purpose of Indebtedness: '
(A) Operd("mg Expenditures
(8) Sldawafk ahd street Improvement
a
STATEMENT OF INDEBTEDNESS -CONSOLIDATED Cover Page
FILED FOR TF[E 2008-09 TAX YEAR
Name of Redevelopment Agency Redevelopment Agency of the City of Santa MonEca
Name of Project Area ~ California R 37/44 (Ocean Park)1A
Current
.valances Carcled Forward From: - Total Pdnclpa7lnterest
Line Outstanding Debt bue During Taz Year
Ftscai Period-Totals (From Form A, Pa e t Totals) _ (7} $' - 20,509,856 S 8,767,502
(Optional) '
Post Piscai Periotl-TOYats (From Farm $Totals) (2) '
brand
Totals (3 ~ 20,669,656 8,707,502
Available Revenues ~ '
From Calculation at Available Revenues.Line? (4) 10,670,471
Net
Requirement (5) $ 9,839,385
' ConsAidate on this fomt ail of the da+a contalnetl on Fo[m A and 6 (inclutling supplemoMal pages). Fo~*n A is to include ail indebtedness
entered into as of June 30 of the Fiscal Year. Form 8 may be filled at the option of tlta agency. and Is fo InGUde I~ebtedness entered into
post June 30 of the Fiscal Year, pursuant m Health antl Safety Coda Section 33675(cR2). This is op6pnai for each agency and is not a
requirement Forfilling the Statement of indebtedness, The Reconclllation StatemenLis to include indebtedness.from Pprm AOnly,
Cenlflca6on of Chief Financial Offcoc- Carol Swindon D"vector of Finance
Puewantio Serlion 33676 (b)ofth¢Healih and Safety COde, -, Naine•/'}~ /~ Title:
Thereby certify Uiat the above isatrue and accurate Statement of /7,,,,/Ai)<i.1.7/j~.////~
Indebtedness forthe above named agency. (~jjl(,~{ '1'l7B`/'A"Yl' '~~(~~
CALCULATION bF AVAILABLE REVENUES
AGENCY NAME
PROJECT AREA
Redevelopment Agency of the Cfty of Sania Monica
California R 37/44 (Ocean Park) 1A -
TAX YEAR: 2D08-2DD9
.RECONCILIATION DATES:
2.
3.
4.
JULY 1.2007 TO JUNE 30.2008
Beginning Balance, Available Revenues
(See,instructlons)
Tax Increment Received -Gross
Ail Tax Increment Revenues, to include any Tax Increment
passed fhrough to other local taxing agencies.. -
All other Available Revenues Received
(See Snstmctions)
Revenues from any other source, included
in Column E of the Reconcillatlon -
Statement, but not included in (t-3).above
5. Sum of Lines 1Yhrough 4
6. 'fdtal amounts paid against indebtedness
in previous year. (D + E on Reconciliation Statement)
7. Available~~Revertues, End of Year (5 - 6)
FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS
' COVER PAGE, L{NE 4
NOTES
$ 9,234,062
3,402,068
2D8,161
- ~ 12,844,291~~
2,173,820
$ 1D,s7o,a71
Tax increment Revenues: - ~ - ~ - - -
The only amownt{s) to be excluded as Tax increment Revenue are any amounts passed through to other
local taxing agencies pursuant'kd Health and Safety Code Sectien 33678. Tax increment Revenue set-aside
in the Low and Moderate Income Housing fund w11I be washed in the above calculation, and therefore omitted
from Available Revenues at year end. -
Item 4, above:
This represents any payments from any source other than Tax Increment OR available revenues. For
instance, an agency funds a project with a bond issue, The previous SOI Include a Disposition Development
Agreement (DDA) which was fully satisfied with these bond proceeds. The DDA would be shown on the
Reconciliation Statement as fully repaid under the "other"' co3umn (Col. E), but with funds thaf were neither.
Tax Increment, riot °Available Revenues" as defined. The amounts used to satisfy Ehis DDA would be Included
on line 4 above in order to accurately determine ending "Available Revenues".
d2ECONCILIATION STATEMENT -CHANGE'S IN INDEBTEDNESS Page 1 of 2
Name of Agency RedeveloAment Agency of the City of'Santa Monica
Name of Project area Cal'ffomia R 37/44 (Ocean Park)1A
Tax Year. 2008-2009 Reconcifiaiion Dates: Prom July 1, 2007 to June 30, 2008
q 8 C b E F
Debt ident~ca3ion: Outstanding Debt Adjustments Amounts Peid Against Remaining
e and line: Bdef ~
SOy
a All beginning increases Decreases ~ Indebtedness, fmm: - BaWnce
p
g
Prior Yr Curtent r Description Indebtedness (attadi explanation)'. (attach explanation) ax increment Other FUntls (AtB-O-D•E)
9 1 P9 1 '
neA LineA Santa MonicaNOte#2` $ 4,773,580 $~ 243,086 $ - $ - $ $ 5,016,666
Pgi P91 2007A820%Housing Set
L1neB LineO Aside"' 629,725 55.549 - 683,274
Pg 1 P91
Line C Line C Santa Monies Nate #5' 699,418 30,524 - 629,942
Pg i Pg t
Line p Line D Rehab pffSife Housing 843,690 129,016 720,584
Pg 1 Pg i
Line E Line E OP ReWnding Bonds-2002"- 14.124,098 - 1,184,124 12,939,974
Pg 1 Pg 1 '
L'meF linaF 1986-8920%Shortfall 480,383 180,383
Pg 1 Pg i
Line G Line G 1990.91 20~/ Set Asldo 2.600 ~ - 2.500'
Pgt Pgi -
ine H Ltne H ~ 1991-9220% Shortfall 32,582 ~ - 32,582.
TOTAL-TH IS PAGE $ 21,188,886 $ 330,159 $'., ~~+, ~; .;~.' r, $. ~ 1,996,414 $ $ 79,522,631
TOTALS FORWARD - 299,498 914,462. 49,327 177,406 - 987225
NOTE:' This form is to reconcile the previous Statement of indebtedness to the curent one txing filed. However, since the reconciliation is
I(mRed bylaw$o a July 1 -June 30 festal year period, only fhose items Included on the~SO[ Form A is to bo included on this document.
To assist In following each item of indebtedness from one SOI to the next, use page and line number references from each SOI that the'
item of indehtedness i5 listed on. If the indebtedness is hewto thl4 fiscal yea ;~erfter "new" 7n the "Prior Yr" page and line columns.
CoWmn F must equal the current 501, Form A Total Oufstariding Debt column.. .: ~ _ .....: :.. .. .~ _.-
`Adjustment reflects accmed interest for~FY 2007A8. - '' "" "" ~ ~"
Ocean Park Refunding Bonds adjustment reflects 80 % financing by Ocean Park Fund'ani120% finano_ trig by i,.bw/Mod_ Housing Fund.
"'Adjustment reflects increase in estimate used on previous SOl. - ~ ~` ~ ~' ~~` ~ ~~' '~ ~ ''
RECONCILIATION STATEMENT-CHANGES tN INDEBTEDNESS Page2of2
Nameof Agency Redevelopment Agency of the City ofSanta Monica
Name of Pmject~Area Caliinmla R37l44 (Ocean Paris) 7A
Tax Year: 2008-2009 Reconciliation Dates: From July 1, 2007 fo June 30, 2008
A B C D E F
Debt IdenfAicaUOn: ~ Outshanding Oebt Adjusfinehts - ~ ~ Amounts Pald Against Remaining
e:
d li
X
01 All'Beginning Increases ~- Decreases ~ Indebtedness, from: Balance
, page an
8 n Brief
Prior Yr Curr¢M Yr -0escriplion Indeht¢dness (attach explanatOn) (attach explanation) ~ Tax increment Other Funds (A+B-C-D-E)
Pg .1
Linel Pg f,
Linel
7992.9320%$hortfall
$ 72,763
$ - -_-
$ ~ -
$ -
$ -
$ 72,763
.. _ .~ ~
Pg1
Line) Pat
Line)
2A07-08 Reimb. Agreement"
1]8,372
~ ~
-'49,327
~ 929,045 _
-
P92
Line D Pg2
Line A
2007-08 Admin Indirect
48,361
-
-
48.361
P9 NEW
Line Pg2
Llne B
2008-09 Admin Indirect
64,OD0
- -
-
-
54,000
Pg NEW
Line Pg 2
Line C 2006-09 Reimbursement
Agreement
-
184,900 '
184,900
Pg NEW
Line Pg2
UneD
2008-092090 HCUSing Se[ASid¢
675,562
-
675,562
Fg P9
Line Line - -
Pg Pg 2
-
Line Line ~
Pg Pg
Ltne Line ~~
~ Pg
Line line
..
Pg Pg
Line Line
- ~
OTAL-THIS PAGE $ 299,496 $ 914,462 49,327
$ $ 177,406 $ - $ 987,225
STATEMENT OF [NDEBTEDNESS - FfSCAL YEAR INDEBTEDNESS Form A
FILED FOR.THE 2008-2009 TAX YEAR Page 7 of 2
Name of Redevelopment Agency .Redevelopment Agency of the City of Sonia Monica
Name of Project Atea ~ CaGfornla R 37/44 (Ocean Park) 1A
For Indebtedness Entered Info as of June 3D, 2008 - ~ . „.
Purpose of Indebtedness:
(A) Redevelopment and operalian costs - (F) Low and moderate inwme housing fund '
(B)20%Housing Set Aside ~ (G) Low and modprale inwme Housing fund '
(C)Fedemi project portion doseou[costs (H) L'ow%and maderste~inwme housing fund ..
(~) (.ease of units at 175 Ocean Park Boulevard ~ ~ (I J Cow and moderate inwme housing fund
(E)Advanw rafundM9 of O'cean Park 1992 bontls. (J~)OperaWg EZpenditun:a ~ -
"InteresUSawvad annually Rtotalamoun[owing is not paid, ~ ~ ~ ~ - ~ ,
'"Adjusted to eegect 80%'financing dY Ocean Pade Fund antl 20°h tlnandng Low/Mod Housin9 Fund - ,
STATEMEPQT dF IPdDERTEDhIE55 - FISCAL.YEAR INDEBTEDNESS Porm A
FILED FdR THE 2007-2048.TAX YEAR ... .. Page 2 of 2
Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica - - -
Nameof Project Area Calfiomia R 37144~Ocean Park) 1A
For Indebtedness Entered into as of June 30, 2008
Onginel Data ~ Current
Debt ldontlfiwtlon
Date .
Prirscipal
Term Interest
Rate Total
Interest Total
Outstanding Debt PrincipaUlnterest
Due During Taz Yeat
907-0B Admin Indirect OB/2010s $ 48,36f Open Norsa $ - $ - $
8)2068-09 Admin indirect - Ofi/77!08 $4.000 Open ~~ ~ Norte 54.000 54,000
(C) 2008-09 Reimbursement Agreement 06/17/08 184,900 Open ~ -' None 184,900 784,900
(D)200841920%HOUSing Set Aside 06117!06 675562 Open Nona 675,562 875,562
(E)
(F)
(G)
(H)
0
J)
.-,al
Thls Page
$ " 914,462
$ 914,462
Purpose of irMebtedness
(A)Ope2tin9 Expenditures ~ (Gj
(e)Operaling F-xpenses (H)
{C) OPemtMg Expenses (I )
(D)20%Housing Set Aside (Per Sec33334.2 of Ca Tedev LewJ (J)
(~ (K)
1F) 0~)
Name of Redevelopment agency
Name of Project Area
STATEMENT OF [NDEBTEDNESS -CONSOLIDATED cover Page,
FILED FOR THE 2008-09 TAX YEAR
Redevelopment f~gency of the~City of Sama Monica
Cal'rfornia R 37/44 (Ocean Park) 1B
Current
Balances Carried Forv+ard From: Total Principal/Interest
' Line Outstanding Debt Due DUrtng Tax Year
Fiscal Period-Totals (From Form A Page 1 Totals) (]) $ 3.634,036 $ ],049.367
(Optionap
Post Fiscal Period • Totals (From Form B Totals) ~ (2)
Grznd
'totals (3) 3,634.036 ],049,387
Available Ravenue5 - ~ ~ -
From Calculation of Available Revenues, Line 7 ~ (4) 879,273
Net
Requirement - (5) $ 2,754.763
Consolidate on this form all of ere data wntained on Form A and 8 {indudlrtq supplemental pages}. rrorm A is to induda all 3ntlebtotlness
entered info as of dune 30 of the Fiscal Year. Fops B may be fi8ed at the option of the agency, and is fo include indebtedness entered 7rtto
post JunE 30 of the Fiscal Year, puwuant to Health and Safety Cotle Section 33675(c)(3). This is op8onai for each, agatwy and is not a'
requiiemantfortllling the Statement of indebtedness. The Reconciliallon Statement is to include indebtedness trom FOnn AOnly.
CenRcaGOn of Chef Finanoial Officer. ~ CarolSwinde8 Director of Finance '
Pursuant to Section 33675 (b) of the Health and Safety Code, Name: 71t1e:
Thereby ceni(y that the above is aUue and acwrate Statement of
Indebtedness forlhe above named agen6y_. ~ '
' Signature: Date: 9!29/08
CALCULATION OF AVAILABLE t2EVENUES
AGENCY NAME Redevelopment ggency of the City of Santa Monica
PROJECT AREA California R 37!44 (Ocean Park}-76
TAX YEAR: 2008.2009
RECONCILIATION DATES: JULY 1.2007. TO ~ ~ JUNE 30, 2008
1. Beginning Balance, Available Revenues ~ ~ $ 749,751
(See Instructions)
2. Tax Increment Received -Gross . 421,089
- Ail Tax Increment Revenues, to-include any Tax Increment -
passed through to other local taxing agencies:
3. Ali other Available Revenues Received .26,757
(See Instructions}-
4. Revenues from any other source, included ~ -
in Column E of the Reconc(Oatlon
_ ~ ~ Statement, but not inc3udetl in (1-3) abovo
5: ~ Sum of Lines 1 through 4 - ~ 1.,797,597 .
6:.. Total amountspaidagainstindebtedness -~ 318,324
in preJibus year.. (D + E on Reconciliation Statement}
7. - Available Revenues, End of Year {5 ~- 6) ~ $ 879,273
FORWARb THIS AMOUNT TO STATEMENT OF INDEBTEDNESS
COVER PAGE, LINE 4 ~ ~ '
NOTES
Tax Increment Revenues:
The only amount(s) to ba exciuded as Tax Increment Revenue are any amounts passed through to other ,
local taxirg agencies pursuant to Health and Safely Code Section 33876. Tax Increment Revenue set-aside
in the Low and Moderake Income Housing Fund will be washed in the above calculation, and therefore omitted
from Avaliable Revenues at yeaf end.
Item 4, above:
This represents any payments from any source other than lax Increment OR available revenues. For
Instance, an agency funds a protect with a bond issue: The previous SOt include a Disposition. Development
Agreement (DDA) which was fully satisfied with these bond proceeds. The DDA would be shown on the
Reconctliation Statement as fully repaid under the "other" column (Col. E), but with funds that ware neither
T.ax Increment, nor "Available Revenues" as deFlned. The amounts used to satisfy this DDA would be included
online 4 ~aboVe in order fa accurataly.determine ending "Available Revenues". ~ -
RECONCILIATION STATEMENT -CHANGES IN. INDEBTEDNESS Page 1 of 2
Name of Agency Redevelopt»ent Agency of the City ofSanfa Monica
Name df,Projecf Area California R 37/44{Ocean Park)1$
Tax Year: 2008-2009 Reconclliafion Dates: Prom July 1, 2007 to June 30; 2008
A B C D E F
pebt ldentTCation: Outstanding Debt AdJust ments AmountsPafd Against Remaining
SDI, page and line: Brief Ali Beginning Increases Decreases Mdebtedness, from: Balance
Prior Yr Current Yr Descdptlen Indebtedness -, (attach explanation) (attach explanation) Tax Sncrement Othec Funds A+g-GD-E)
'g 1
Lire A Pg t
Line A
Santa Monica Note #2`
$ 673,600
$ 30,044
$ -
$ -'
$ -
$ 643,644
P97
Line H P91
Line B 2007-0820% Housing Set
Aside"
76,275
5,082
81,357
Pg 1
Line C Pg 1
Lina C
Santa Monica NotaNS
77 049
3,773
80,822
9 1
Una D P9 t
Line 0
Rehab OASite Housing
664,651
18,584
648,067
P9 1
LineE Pg 1
LineE
OP Refunding BoMS-2002
2,347,754
196,779
2,750.375
Pg 1
the F Pg 1
Line F
2007-08 Reimb. AgreemenC'
22,928
7,381
15,567
-
-
P9 1
LineE P91
LineE
2007-0B Admin lndkact
8,037
8,037 ,
-
g NEW
line Pg 1
Line H
2008-09 Admin indrect
6,910
-
6.910
TOTAL-THIS PAGE $ 3,809,694 $ 45,809 $ 7,381 $ 318,324 $ - '$ 3,529,818
OSALS FORWARD ~ - 704,218 ~ ~ 104,278
'RAND TOTALS ~ $ 3,809,694 $ 150,027 $ 7,361 $ 315,324 $ - 5 ~ 3,634,036
RECONCILIA714N.STATEMENT - CHANGES IN INDE$TEDNESS Page 2 of 2
Name of Agency Redevel~ment Agency of the City of Santa Monica
Name of ProJecf Area Califom3a 837/44 (Ocean~Park)18 '~
Tax Year: 2008-2009 Reconciliation Dates: Prom July 1, 2007 to June 30, 2008
.A B C b ~ E F
bebt Identification: ~ Outslanding bebt Adlusi roents Amounts Paidf~gainst. Remaining
SOi, page and line: Brief All beginning Increases ~ Decreases Indebtedness, from: Balance
PriorYr Current Yr Description Indebtedness (attach explana0on)~ {attach sxplanation) Tax Increment ether Funds (A+b-C-RE)
'g NEW Pg 5 200&09 Reimbursemont
,.ine Line I A reement $ = $ 23,780 $ $' - $ 23.780
Pg NEW ' Pg t ~ .
Line Lined 2008-0920%Housing Set Aside 80.438
_
_
_ 80,438
~ Pg
Line Line -
_
_
Pg Pg
Line Urre
Pg Fg
Line Line
Pg Pg
ine Line
Pg Pg
Line Line ~ '
Pg Pg
Lfne Line '
TOTAL-THIS PAGE $ - $ 704.218 .$ - $ - $' - 5 104,278
NOTE: This form is to reconcile the provlous Sfatement of indebtedness to the current one being filod. However, since the reconciliation is.
limited 6y law to a July 1-June 30 fiscal y®ar pedal, only those kerns Included on the SOI Form A is to be included on this document.
To assist in folloviing each Ifem of indebtedness from one SOI to the next; use page and line number references from edck SOI that the
item of.indebtedness is lisfed on. if the Indebtedness 7s new to this fiscal year, enter "new" in the "Prior Yr" page and line columns.
Co{umn F must equal the cunent SOI, Form A Tota! Outstantling Debt wtumn.
`Adjustment reflects accrued interest forHY 2007-OS
"Adjustment reflecs increase/decrease in estimate used on the previous SOI.
STATEMENT OF INOE$TEQNESS'-FISCAL YEAR fNDE$TEDNESS Form A
FIEED F.O.R.THE 2008'=200.9 TAX YEAR - - Page ] of ]
Name of Redevelopment Agency Redeveopment Agency of the Cit~of Santa Monica .. ... ......
Name of Project Area California R37/44 (Ocean Parkj~]B -~~ .. ...~ ~ ~ _._. _......., .. ., _
For Indebtedness Entered into as of June 30, 2008 ~ ~ ~ "' ' ~ "' ' ~- - -
' ,_.. ,
Original Data
Cun®rrt
'
Debt ldenDFlCetiOn
Date
Prl al ~
Term Interest
Rafe ' Total
fnferest Total
Outsteltding Debt Principalllnterest
-ue -unng Tax Year
' s%Abova
~
(, ,ta Monica Note #2
'~O6/30/81
$ 387,899 - ~ -' ~ -
Demand ... oBM Rate
$~:
, -
" ~'
S 643,644 '
$ 643,844
(6)2007-0620%Housing Set ASlde 08/12/07 ~'
76,275 ~ ~~~ ~ ~ ~~
Open _
~ ~' °
Nane,. ""' _
' .5°h Above
(C) Santa Morrica Note #5 09/14/83 ~ 123,316 Demantl ~ CSM adie
80,622
80,822
(0) Rehap OffSite Housiny 05/08ld4 7,093,609 50 VearS ~ None -
648,067
16,994
(E)OP Refunding BOOda2002' 05102!02 2,20t,990 16 Years ~ 5.03% 999,574 "1,150,3?5 - 196,779
(F•~ 2007-OB fteimo. Agreement 05/12/07 22,928 Open ~ ~ None
(G 2007-OB Adminlntlirect O6/t 2107 ~ 6,037 Open None
H)2008-09 Atlmin lndlred 06117/08 ~ 8,910 Op¢n. None; - .6,910 6,810
(I)20a8A9ReimbursementAgreement O6fl 7Po6 ,23,780 Open i ' yone. ~ -~ 23,780 23,780
1-0920%Housing Se[ASide _ O6ti7/OB .80,438 Open. None - .80,438 80,438 '
(t~
"; ... .. '
,. ...
..'.
Sub Total,
This Pag¢
~
Totals FarwameA S
3,634,036 $ 1,049,367
FmmAil Other Pages '
Total
This Paga
S 3,83A,03B '
$ 1,049,667
rurpose of lnd¢btetlness: ~ ~ "' ~~ '~
7:. t
(A)RedevelopmantaM Operation vests ~ - '' '
{6)20%Housing Set AS{tle ~ {~Operatlpn Expenditures~•:,.
(Gy Operation Fxpendttures.'.
(Cjrede2l project potlion'closeeut vests ~ ~ jm Operzllon Expend~urds'„ ~_
(D) Leasa of untts at 775 Ocean Park Boulevard Series 1992 (9 Operation Expendhures
(Advance Refunding of Ocean Park 7992 Bonds (J}ZO%Hpusmg $9f A.side,(P,er SEG 33334,2 o(Ca Red¢v Law)
Attachment ~
California Department of Housing and Community Development
Redevelopment Agency Annual Housing Activity Report
Fiscal Year Ending 06/30!2008
CALIFORNIA DEPARTIvTEN'f OF HOUSING AND COIdMITDIITY DEVELOPMENT
REDEVELOPMENT AGENCY ANNUAL HOUSING ACTIVITY REPORT
FY ENDING: June /~ 30 / 2008
Agency Name and Address: ~ County of Jurisdiction:
Cityof Santa Monica Redevelopment Agency. - Los Angeles
1901 Main Street Suite D
Santa Monica, CA 90405 - ~ ,
Health & Safety Code Section 33080.1 requires agencies{RDAs) to annually report as their Low & Moderate Inoome Housine Fund and
housing activities for the Department of Housing and Community Development (I-ICD) to report on RDAs' activities in accordance with
Section 33080.6.
Please answer each question below. Your answers determine how to complete the HCD report,
1. Check one of the items below to identify the Agency's stahJS at the end of the reporting period:
~ New (Agency formation occurred durine repoitiag_year. No fmanciat transactions were completed),
~ Active (Financial and/or housing transactions occurred during the reporting year}
^ inactive (No financial and/or housine transactions occurreddurmg the re o~rtingyear). ONLY COMPLETE ITEM 7
^ Dismantled {Agency adopted an ordinance and dissolved itself before start of reporting year). ONLY COMPLETE 1TENI 7
2. Duringt~eporting-year,
If the agency has oue c
If the agency has no ac
existed? ~_ Of these, how many were mereed durine veer? 0
3, Within an area outside of any adopted project area(s): (a) ~ the agency destroy or remove any dwelling units or displace any
households over the reporting period, (b) does the agency intend to displace any households over the next reporting period, (c) did
the agency permit the sale of any owner-occupied unit prior to the expiration of land use conirois over the reporting period, ancUor
{d) did the agency execute a contract or agreement for the construction of any affordable units over the next two years?
Yes (any question). Complote SCIEDULE HCD-B.
^ No (all questions): DO NOT complete SCHEDULE HCD-B (refer to next question}. _
4. Did tite agency's Low & Moderate Income Housing Fund have any assets during the reporting period?
~ Yes. Complete SCHEDULE HCD-C.
^ No. - DO NOT complete SCHEDULE HCD-C.
5. During the reporting period, were housing rmits completed within a project area and/or assisted b r~the aaency outside a project areal
^/ Yos, Complete alt applicable HCD SCHEDULES DS-D7 for each trousine nroiect carnnteted and HCD SCHEDULE E.
^ No. DO NOT complete HCD SCHEDULES D1-D7 or HCD SCHEDULE E. ~ '
6. Specify whether method Aand/or B was used fo report futancial and housing activity information to HCD:
^/ A. Forms. All required HCD SCHIDULES A. B. C. Dl-D7, end E aze attached.
I^ B. On-line{hrtp://mvw.hcd.ca.gov/rdaQ"LockReport"date: HCDSCHEDUC.ESnotreavuad
(lock date is shown under '"Admin"Area and "Report Change History
7. To the best ofmy knowledge; (a} the representations made above and (b) agency information reported aze correct.
Signattae of Authorized Agency Representative
Redevelopment Administrator
Tikla
310.A58.2232 ext. 5722
Telephone Number
IFNOTREQUlRP.D TO REPORT,SUBhIIT ONLYAPAPBR COPYOFTAZSPAGB,
IFREQUIRED TO REPORT AND REPORTINGBY USWCPAPER FORMS pNPLACB OFRBPORTINCON-LI1VE),SUBMIT
THISPACEANDALLAPPLICABLE HCD PORMS fSCAEDULESA-B)WITIIACOPYOFAGENCY'SAUDTT
IF REPORTING ON-LINE, PRINTANDSURMIT "CONFIRrtilATION LETTER" UPONLOCKINC REPORT
WeIILACOPYOF(a)CONPIRMATiONLETITsR(IF'HCD REPORT Ii'ASBLBCTRONCCALLYFILEDJ OX (b)COMPLETED
PORNSAND (c)AUDIT REPORT TO BOZZI HCDAND-TILE SCO:
Department ajHousing & Commm~ity Development
Division of Housing Policy
Redevelopment Secdan
1800 3id Street, Suite 430 -
Sacratnento, CA 95814 -
Redevelopment Agency Annual Report -Fiscal Yenr 2007-2008
Cover (7/1//OS) -
The Stnte Cantrailer
Division ofAccauntirtg erect Reporting
Local Government Reporting Section
3301 CStreet Suite S00
Sacramento, C9 95$I6
HCD-Cover
Page I of 1
SCHEDULE HCD-A
Inside Project Area Activity
for Fiscal Year that Ended 06 / 30 / 2008
Agency Name:Santa Monica Redevelopment Agency Project Area Name: Earthquake _
Preparer's Name, Title: Martin Kennedy, Adm. Svcs. Ofcr. preparer's E-Mail Address: marfin.kennerly@smgov.net
Preparer's Telephone No: (310) 458-8757
Preparer's Facsimile No: (310) 391-9996
GENERAL IPIFORMATION
1. Project Area Information
a. t. Yearls'planforprojectareawasadopted: 1994
2. Year that plan was last amended (if applicable): 2006
3. Was plan amended after 2001 [o extend time limits per Senate Bi112ll (Chapter 741, Statutes of 2001)? YesONC~/
4. Current expiration of plan: _O6 / 21 / 2027
mo day yr
b. IFproject area name haschanged, give previous name(s) or number;_ _ N/A
c. Year(s) of any mergers of the project area: N/A
Identify fonnerproject areas that merged:
d. Year(s) project area plan was amended involving real property that either:
(1) Added property to plan:- ~ N/A
(2) Removed property from plan:
2. Affordable Housing Replacement and/or Inclusionary or Production Requirements (Section 334li).
Pre-1976 project areas not subsequently amended after 1975: Pursuant to Section 33413(d), only Section 33413(a) replacement
requirements apply to dwelling units destroyed or removed after 1995. The Agency can choose to apply all or part of Section
33413-to a project area plan adopted before 1976. if the agency has c(ected to apply all or part of Section 33413, provide the
date ofthe resolution and the applicable Section 33413 requirements addressed in the scope of the resolution. N/A
Date: / - / ~ Resotution Scope (applicable Section 33413
mo day yr
Post-1975 oroiect areas and eeoaranhic areas added by amendment after 1975 to pre-1976 nroiect areas: Both replacement and
inclusionary or production requirements of Section 33413 apply. -
NOTE:
Amounts to report oa HCD-A lines 3a(1), 3b-3f, and 3i. can be taken from what is reported to the State Controller's.
Office {SCO) on the Statement of Income and Expenditures as part of the Redevelopment Agency's Financial
Transactions Repurt, except fur the reclassifying of Transfers-In From Tnternal Funds and the repm•Cing oYOther
Sources as discussed below:
Transfers-Iu from other internal funds: Report the amount of transferred fonds on applicable HCD-A,
lines 3a-j. For example; report the amount transferred from the Debt Service Fund to the Housing Fund
for the deposit of the required set-aside percentage/amount by reporting gross tax increment on HCD-A,
Line 3a(1) and report the Housing Fund's share of expenditures for debt service on HCD-C, Line 4c. Do
not report "net" funds transferred from the Dubt Service Fund on HCD-A, Line 3a(3) when reportine debt
service expenditures ou HCD-C, Line 4c.
Other Sources: Non-GAAP (Generally Acceptable Accounting Principles) revenues such as from land sales for
those agencies using the Land Held for Resale method to record ]and sales should be reported ou HCD-A Line
3d. Housing fund receipts for the repayment of loan principal should be included on HCD-A Line 3h.
California Redevelopment Agencies -Fiscal Year 2007-2003. HCD-A
Sch A (7!1!08} - Page 1 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake
Project Area Housing Fund Revenues and Other Sources
3. Report ail revenues and other sources of funds from this project area which accrued to the Housing Fund over the reporting
.year. Any income related to agency-assisted housing located outside The project area(s) should be reported as "Other
Revenue" on Line 3j. (of this Schedule A), if this project azea is named as beneficiary in the authorizin rep solution. Any
other revenue sources not reported on lines 3a.-3i., should also be reported on Line 3j.
Enter on Line 3a(1) the full 100% of gross Tax Increment allocated prior to applicable pass tluough of fiords and deductions
for Tees (refer to Sections 33401, 33446, 8c 33676). Compute the required minimtan percentage (%) of gross "I'ax Increment
and enter the amount on Line 3a(2)(A) or 3a(2)(B). Next, report The amount of Tax Increment set-aside before any
exemption and/or deferral (if amount set-aside is less than required minimum L/°), explain the difference . If any amount of
Tax Increment was exempted or deferred, in addition to completing lines 3x(41 and/or 3a(5) complete Line 4 and/or Line 5.
To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(6)], subtract allowable amounts
exempted [Line 3a(4)] or deferred [Line 3a(5)] from the actual amount allocated to the Housing Fund [Line 3a(3}].
a. Tax Increment:
(1) 100%ofGross Allocation: $ 60,267,867
(2) Calculate only 1 set-aside amount either A or B below:
(A) 20% required by 33334.2. (Line 3a(1) x 20%): $ 12,053,537
(B) 30%required by 33333.10(8) (Line 3a(1 } x 30%): $
(Senate 6111211, Chapter 741, Statutes of 2001)
(3) Amount ofset-aside (Lore 3a(2)) allocated to Housing Fund $ 12,053,537 :
If, pursuant [o Section 33334.3(1), less thanthe minimum %of Gross Taz
Increment (see 3a(2) above) is behig allocated from this project area, identify
the project area(s) contributing the difference. Explain any other reason(s):
(4) Amount Exempted [FIealth P~c Safety Code Section 33334.2]
(if there is an amount exempted, also complete question #4; next page): ($ )
(5) Amount Deferred [Health & Safety Code Section 33334.6]
(if there is an amount deferred, also complete question #5, next page}: ($ )
(6) Total deposit to the Housing Fund [result of Line 3a{3) through 3a(5)]: $ 12,053,537
b. ]merest Income: ~ $ 542,002
c. RentaULease Income (combine amounts separately reported to the SCO): $
d. Sale of Real Estate: $
e. .Grants (combine amounts separately reported to the SCO): $
f. Bond Administrative Fees: $
g. Deferral Repayments (also complete Line Sc(2) on the next page): $
h. Loan Repayments: $
i. Debt Proceeds: $
j. Other Revenue(s) [Explain and identify amount(s)]:
$ $
k. Total Project Area Receipts Deposited to Housing Fund {add lines 3a(6). through 3j.): $ 12,595,539
Catifomia Redevetopmen(Agencies- fiscal Year 2007-7.OOR HCD-A
sch A (7ntos) - Page 2 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake
);xemptl0n{g)
4. a. If an exemption was claimed on Page 2, Line 3a(4) to deposit less than the required amount, complete the following information: N/A
Check only one of the Health and Safety Code Sections below (Note: An Annual Finding is required to be submitted to
HCD}
^- Section 33334.2(x)(1): No need in community toincrease/improve supply of lower or moderate income housing.
^ Section 33334.2(x)(2): Less than the minimum set-aside % (20% or 30%) is sufficient to meet the need.
^ Section 33334.2(a)(3): Community is making substantial effort equivalent thvalue to minimrunset-aside % (20% or 30%)
and has specific contractual obligations incutred before Nlay I , 1991 requiring continued use of this funding.
Note: Pursuant to Section 33334.2(a)(3)(C), this exemption expired ou_Jane 30, ]993 but
contracts entered into prior to N[ay 1, 7991 may not lie subject to the exemption sunset.
^ Other: Specify code section and reason(s);
b. For any exemption claimed on Page 2, Line 3a(4) and/or Line 4a above, identify: N/A
Date that initiaE (h`) fmdine was adopted: // Resolution ~ Date sent to HCD: _/ /
mo day yr _ _ mo day yr
Adoption date of repotting year findin¢: _7 / Resolution # Date sent to HCD: / /
mo. day yr mo day yr
Deferrals
5. a. Specify the authority for deferring any set aside on Line 3a(5}. Check only orie Health and Safety Code Section boxes: N/A
-^ Section 33334.6(d): Applicable to project areas approved before 1986 in which the required resolution was sent to I-ICD
before September 3986 regarding needing tax increment to meet existing obligations. Existing obligations can include those
incurred after I985, if net proceeds were used to refinance pre-I986 listed obligations.
Note: The defers[ previously authorized by Secfion 33334.6(e) expired. It was only '.
allowable in each t-scal year prior to July 7, 1996 with certain restrictions. ~'~.
^ _ Other: Specify code Section and reason:
b. For any deferral claimed on Page 2, Line 3a(5) and/or Line Sa above, identify:
Date that initial (1") finding was adopted: !_/_ Resolution # _
mo day yr
Adoption date of renortin¢ year fording: / / Resolution #
mo day yr
N/A
Date sent to HCD: / /
mo day yr
Date sent to HCD: / /_
mo day yr
c. A deferred set-aside pursuant to Section 33334.b(d) constitutes indebtedness to [he Housing Fund. Summarize the amount(s)
of set-aside deferred over the reporting year and cumulatively as of the end of the reporting year: N/A
If the prior FY cumulative deferral shown above differs from what was reported on the last HCD report (HCD-A and
HCD-C), indicate the amount of difference and the reason:
Difference: $ Reason(s):
California Redevelopment Agen°izs -Fiscal Year 2007-2008 HCD-A
soh A (vvos) Page 3 of 6
Agency Name: Santa Monica Redevelopment Agency
Deferrals (continued)
~.
Project Area Name: Earthquake
d. Section 33334.6(8) requires any agency which defers set-asides to adopt aplan to-eliminate the deficit in subsequent years. N/A
If this agency has deferred set-asides, has it adopted such a plan? Yes ^ No ^
If yes, by what date is the deficit to be eliminated? / /
mo day yr
If yes, when was the on final plan adopted for the claimed deferral? /_/
mo day yr
Identify Resolution.# ~ Date Resolution sent to HCD /_!
mo day yr
When was the last amended plan adopted for the claimed defemt? / /_
mo day yr
Identify Resolution €1 Date Resolution sent to HCD / /
ma day yr
Actual Project Area Households Displaced and Units and Bedrooms Lost Over Reporting Year:
6. a. Redevelopment Proiect Activity. Pursuant to Sections 33080.4(a)(1) and (a)(3), report by income category the number of
elderly and nonelderly households permanenty displaced and the number of units and bedrooms removed or destroyed, over
the renortin¢ year, (refer to Section 33413 for unit and bedroom replacement requirements). N/A
;holds Permanently
Lost (Removed or [
Non Elderly
Bedrooms Lost (Removed or Destroyed) and Required to be Replaced
above Moderate Units Lost That Agency is Not Required to Replace (~
Moderate
b. Other Activity. Pursuant to Sections 33080.4(a)(I) and (a)(3) based on activities other than the destruction or removal of
dwelline units and bedrooms reported on Lme 6a, report by income category the mmrber of elderly and nonelderly households
permanently displaced over the renortinQ year: N/A - .
Nomhrr of Hnusehnlde
Other Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
c. As required in Section 334!3.5, identify, over the re ortin ear each replacement housing plan required to be adopted
before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households
reported on lines 6a. and 6b. N/A -
Date _/_/_ Name of Agency Custodian
mo day yr
Date_ / / Name of Agency Custodian
mo day yr
Please attach a separate sheet of paper listing any additional housing plans adopted.
Calilomia Redevelopment Agencies-Fiscal Year 2007-2008 HCD-A
sin a t7nros) Page 4 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake
Dstimated Proiecf Area Households to be Permanently Disulaced Over Currenf fiscal Year:
7, a. As required in Section 33080.4(a)(2) for a redevelopment project of the agency, estimate. over the current fiscal year, the
number of elderlyand nonelderly households; by income category, expected to be peananently displaced. (Note: actual
displacements will be reported for the next reporting year on Line 6). N/A
Dumber of Households
Project Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
b. As required in Section 33413.5, for the current fiscal vear, identify each replacement housing plan required to be adopted before
the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households reported in 7a.
N/A
Date / /
mo day yr
Name of Agency Custodian
Date
mo day yr
Name of Agency Custodian
Please attach a separate sheet of paper Listing any additional housing plans adopted.
Unhs Developed inside the Protect Area to Fulfill Requirements of Other Project Areas}
8. Pursuant to Section 33413{b)(2)(A)(v), agencies may choose one or more project azeas to fulfill another project area's requirement to
constructnew or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and finds, based on
substantial evidence, that the aggregation of dwelling units in one or more project areas wIll not cause or exacerbate racial, ethnic, or
economic segregation. -
were any dwelling units in this project area developed to partially or completely satisfy another project area's requirement to
constmet new or substantially rehabilitate dwelling units?
Q No.
^ Yes. Date initial finding was adopted? _/ / Resolution # Date sent to HCD:_/ !
mo day yr mo -day yr
Number of Dwellin Units
Name of Other Project Area(s) VL L M Total
California Redevelopment Agencies-Fiscal Year 2007-ZQ08 HCD-A
Scn F (7nios) ~ Page 5 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake
Sales of Owner-Occupied Units Inside the Protect Area Prior to the Expiration of Land Use Controls
9.
Section 33413{cx2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equity sharing program,
agencies may permit the sale ofowner-occupied units prior to the exp'vation of the period of the land use controls established by the
agency. Agencies must deposit sale proceeds into the Low and Moderate Income Housing Fund and within three (3) years from the
date the unit was sold, expend funds to make another unit equal ut affordability, at the same income level, to the unit sold.
a. Sales. Did the agency permit the sale of any owner-occupied units during the reporting year?
^/ No
^Yes
f- Total Proceeds Erom Sales Over Reporting Vear Number of Units
SALES VL L M Total
Units Sold Over Reporting Year
Equal Units.
^~ No
^Yes
b.
Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years?
~ Total LMIHE Spent On Equal Units Over
Re ortin Year Number of Units
SALES VL L M Total
Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago
Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago
Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago
Affordable Units to be Constructed Inside the Proiect Area Withtn Two Years
10. Pursuant to Section 33680.4(a)(10), report the number of very low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two vears from the date of the agreement or contract
executed over the reportlnE vear. Identify the project and/or contractor, date of the executed agreement or contract, and estimated
completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on
HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years from the
reporting year's agreement or conn~act date. None
DO NOT REPORT ANY UNITS ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR Ds.
Col A Col B Col C CoT D ('ol E
Name of Agreement Estimated Sctl C Amount Sch C Amount
Project and/or Execution Completion Date Encumbered Designated
Contractor Date w/in 2 rs of Col B Line 6a Line 7a VL L M Total
$ $
$ $
$ $
Please attach a separnte sheet of paper to list additional information.
See Attached Schedule
California Redevelopment Agencies-Fiscal Ycar 2007-2008 HCD-A
Sch A (7/t/o8) ~ Page 6 of 6
Attachment to Schedule A -Earthquake Recovery
Affordable Units to be Constructed Inside the Project Area R'ithin Two Years
10. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for conshvction to be completed within two years from the dace of [he agreement or contract
executed over the reporlin~ year. Identify the project and/or contractor,.date of the executed agreement or contract, and estimated
completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicabie amount designated on
HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within [wo years from the
reporting year's agreementbx contract date.
California Redevelopment Agencies -Fiscal Year 2007-08 HCD-A
Sch A (7!]/06 - Earthquake Recovery -Attachment
SCHEDULE ACD-A
Inside Project Area ActiviTy
for Fiscal Year that Ended 06 / 30 / 2008
Agency Name:Sarita Monica Redevelopment Agency Project Area Name: Downtown
Preparer's Name, Title: Martin Kennerly, Adm. Svcs. Ofcr. Preparers E-Mail Address: martin.kennerly@smgov.net
Prepazer's Telephone No: (310) 458-8757 Preparer's FacsimIlaNo:(310) 391-9996
I. Project Area Information
GENERAL INFORMATION
a. 1. Year 1 s' plan for project area was adopted: 1976
2. Yeaz that plan was last amended (if applicable): 2006
3. Was plan amended after 2001 to extend time limits per Senate Bill 21 ] (Chapter 741, Statutes of 2001)? Yes®/ Nc~
4. Cmrentexpirationofplan: ~ 01 { 13 /2019
mo day yr
b. If project area name has changed, give previous name(s) or number: NIA
c. Year(s) of any mergers of the project area: N/A
Cdentify former project areas that
d. Year(s) project area plan was amended involving real property that either:
(1} Added property to plan:
(2) Removed property from plan:
2. Affordable Housing Replacement and/or Inclusionary or Production Requvements (Section 33413).
Pre-1976 proiect areas not subsequently amended after 1975: Pursuant to Secfion 33413(d), only Section 33413(a) replacement
requirements apply to dwelling units destroyed or removed after 1995. The Agency can choose to apply all or part of Section
33413 to a project area plazr adopted before 1976. Ifthe agency has elected to apply al] or part of Section 33413, provide the
date of the resolution and the applicable Section 33413 requirements addressed in the scope of the resolution. N/q
Date: //_ Resolution Scope (applicable Secfion 33413 requirements):
mo day yr
Post-1975 pr ject areas and eeopraohic azeas added by amendment after 1975 to pre-1976 proiect areas: Both replacement and
inclusionary or production requirements of Secfion 33413 apply.
NOTE:
Amounts to report on HCD-A lines 3a(t), 36-3f, and 3i. can be taken from what is reported to the State Controller's
Oftice (SCO) on the Statement of Income and Expenditures as part of tfie Redevelopment Agency's Financial
Transac5ons Report, except for the reclassifying of Transfers-In from Internal Funds and the reportiug of Otker
Sources as discussed below:
Transfers-In from other internal 3Lnds: Report the amount of transferred funds on applicable HCD-A,
lines 3a-j. For example, report [he amount transferred from the Debt Service Fund to the Housing Fuod
for the deposit of the required se6aside percentage/amounf by reporting gross tax incremenf on flCD-A,
Line 3a(I) and report the Housing Fund's share of expeudffures for debt service on HCD-C, Line 4c. Do
not reuort "net" funds transferred from the Debt Service Fund on HCD-A, Line 3a(3) when reoorline debt
service exoenditures on HCD-C. Line 4c.
Other Sources: Non-GAAP (Generally Acceptable Accounting Principles) revenues such as from land sales for
those agencies using the Land Held for Resale method to record land sales should be reported on HCD-A Line
3d. Housing fund receipts for the repayment of loan principal should be included on HCD-A Line 3h.
California Redevelopment Agencies - Fiscul Year 2007-2008 HCD-A
sch A (7n/os) - rage 1 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown
Project Area Housine Fund Revenues and Other Sources
3. Report al] revenues and other sources of funds from this project area which accrued to the Housing Fund over the reporting
year. Any income related to agency-assisted housing located outside the project azea(s) should be reported as "Other
Revenue" on Line 3j. (of this Schedule A), if this protect area is named as beneficiary in the authorizing resolution. Any
other revenue sources not reported on lines 3a.-3i, should also be reported on Line 3j.
Enter on Lme 3a(1) the full ] 00% of Bross Tax Increment allocated prior to applicable pass through of funds and deductions
for fees (refer to Sections 33401, 33446, & 33676). Compute the ~~equired minimum percentage (%) of gross Tax Increment
and enter the amount on Line 3a(2)(A) or 3a(2)(B). Next, report the amount of Tax Increment set-aside before any
exemption and/or deferral (if amount set-aside is less than required minimum (%), explain the difference). Tf any amount of
Tax Increment was exempted or deferred, in addition to comnleflne lines 3a(4) and/or 3a(5), complete Line 4 and/or Line 5:
To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(6)], subh'act allowable amounts
exempted [Lute 3a(4)] or deferred [Line 3a(5)}from the actual amount allocated to the Housing Fund [Line 3a(3)].
a. Tax Increment:
(1} 100%ofGrossAllocatiori:. $ 1,460,897
(2) Calculate only 1 set-aside amount: either A or below:
(A) 20% required by 33334.2 (Line 3a(7) x 20%): $ 292,259
- (B) 30%requiredby 33333.10(g)(Line3a(1}x30%): $
(Senate Bill 217, Chapter 74I, Statutes of 2001)
(3) Amount ofset-aside (Line 3a(2)) allocated [o Housing Fund $ 292,259 a
* If, pursuant to Section 33334.3(1), less than the minimum % of Gross Tax - - -
Increment (see 3a(2) above) is being allocated from this project area, identify
- the project area(s) contributing the difference. Explain any other reason(s):
(4) Amount Exempted [Health & Safety Code Section 333342]
- (if there is an amount exempted, also complete questiou #4, next page): ($ )
(5) Amount Deferred [Health & Safety Code Section 33334.6]
(if there is an amount deferred, also complete question #5, nextpage): ($ )
(6) Total deposit to the Housing Fund (result of Line 3a(3) through 3a(5)]: $ 292,259
b. Interest Income: $ 10,544
c. RentaULease Income (combine amounts separately reported to the SCO): $
d. Sale of Real Estate: - ~ $ _....._._
e. Grants (combine amounts separately reported to the SCO): $
f. Bond Administrative Fees: $
g. Deferral Repayments (also complete Lme Se(2) on the next page): $
h. Loan Repayments: $ _
i. Debt Proceeds: $ -
j. -Other Revenue(s) [Explain and identify amount(s)]: - -
$
$ $
k: Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6). tluough 3j J: $ 302,803
California Kcdcvelopmcnt Agencies- Fiscal Ycar 2007-2008 HCD-A
3ch A (7n/OE) ~ Page 2 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown
Exemption(s)
4. a. If an exemption wa5claimed on Page 2, Line 3a(4) to deposit less than the required amount, complete the following infaTnation: N/A
Check only.one ofthe Health and Safety Code Sections below (Note: Au Annual FiudinQ is required Eo be submitted to
HCD)
^ Section 33334 ?(a)(I): No need in commwtity to increase/improve supply of lower or moderate income housing.
^ Section 3333A.2(a)(2): Less than the minimum set-aside °/a (20°/a or 30%) is sufficient to meet the need.
^ Section 33334.2(a)(3): Community is making substantial effort equivalentin value to minimum set-aside % (20°/o or 30%)
and has specific contractual obligations incurred before May 1, 1991 requiring continued use of this funding.
.Note: Pursuant to Section 33334.2(a)(3)(C), this exemption expired on June 30, 1993 but
contracts entered into prior to May 1,1991 may not be subject to the exemption sunset.
^ O[her: Specify code section and reason(s):
b. For any exemption claimed on Page 2, Line 3a(4) andlor Lme 4a above, identify: N/A -
Date that initial (]'~ finding was adopted: _/~/ Resolution # Date sent to HCD: / /
mo day yr mo flay yr
Adoption date of resorting-year finding: 1 / Resolution # Date sent to HCD: !
mo day yr mo day yr
Deferrals
5. a. Specify the authority for deferring any set-aside on Line 3a(5). Check only one Health and Safety Code Section boxes: N/A
^ Section 33334.6(d}; Applicable to project areas approved before 1986 in which the required resolution was sent to HCD
before September 1986 regarding needing tax increment to meet existing obligations. Existing obligations can include those
incurred after 1485, if net proceeds were used to refinance pre-19861isted obligations.
Note: The deferral previously authorized by Section 33334.6(e) expired. It was only
allowable in each fiscalyear prior to July 1,1996 with certain restrictions.
^ Other: Specify code Section and reason:
b. For any deferral claimed on Page 2, Line 3a(5) and/or Line Sa above, identify:
Date that initial 1' fmdin ~ was adopted: !_/_ Resolution # _
mo day yr
Adoption date of reporting year fmdina: / 1 Resolution #
mo day yr
N!A
Date sent to HCD: - / /
mo day yr
_ Date sent to HCD: / 1
mo day yr
c. A deferred set-aside pursaant to Section 33334.6(d) constitutes indebtedness to the Housing Fund. Summarize the amount(s)
of set-aside deferred over the reporting year and cumulatively as of the end of the reporting year: N/A
Amount of Prior - .Cumulative Amount
Amount Deferred Deferrals Repaid Deferred.(Net of Any
Fiscal Year This Reporting FY During Reporting FY Amount(s) Repaid)
(1) Last Reporting FY $
(2) This Reporting FY $ $ $ ~' ~
* The cumulative amount of deferred set-asrde should also be shown on HCD-C, Line Sa.
Cf the prior FY cumulative defe~rat shown above differs from what was reported on the last HCD report (HCD-A and
HCD-C), indicate the amount of difference and the reason:
Difference: $ Reason(s): ___ _ _ _; _.
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-A
Sca A (7/tlos) _ - Page 3 of 6
Agency Name: Santa Monica Redevelopment Agency
Deferrals (continued)
5.
Project Area Name: Downtown
d. Section 33334.6(g) requires any agency which defers set-asides to adopt a plan to eliminate the deficit in subsequent years: N/A
If this agency has deferred set-asides, has it adopted such a plan? Yes ^ No ^
If yes,. by what date is fhe deficit to be eliminated? /
mo day yr ~
If yes, when was the orieinal plan adopted for the claimed deferral? / (_
mo day yr
Identify Resolution # Data Resolution sent to HCD / /
mo day yr
When was the last amended plan adopted for the claimed deferral? / /
mo day yr
Identify Resolution # Date Resolution sent to HCD / /
mo day yr
Actual Project Area Households Displaced and Units and Bedrooms Lost Over Reportin¢ Year:.
6. a. Redevelopment Protect Activity. Pursuant to Sections 33080A(a)(1}and (a)(3), report by income category the number of
- elderly and nonelderly households permanently displaced and the number of units add bedrooms removed or destroyed; over
the revorting year. (refer to Section 33413 for unit and bedroom replacement requirements). N/A
Nnmher nfHnnsehnlds/[7nitc/Bedrooms
Project Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
Units Lost (Removed or Destroyed) and Required to be Replaced
Bedrooms Lost (Removed or Destroyed) and Required to be Replaced
Above Moderate Units Lost That Agency is Not Required to Replace
Above Moderate Bedrooms Lost That Agency is Not Required to Replace
b. Other Activity. Pursuant to Sections 33080.4(a)(I) and {a)(3) based on activities other than The destruction or remove}of
dwelling units and bedrooms reported on Line 6a report by income category the number of elderly and nonelderly households
permanently displaced over thereportin~year: N/A
Number of Households
Other Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
c. As required in Section 33413.5, identify, over the reportine year, each replacement housing plan required to beadopted
before the permanent displacement, destruction, andfor removal of dwelling units and bedrooms impacting the households
_ reported on lines 6a. and 6b. N/A
Date ( / Name of Agency Custodian
mo day yr
Date ! ! Name of Agency Custodian
mo day yr
Please attach a separate sheet of paper listing any additional housing~plans adopted.
California Aedcvdopmcnt Agencies-Fiscal Ycar 2007-2008 HCD-A
Sch A (7/1/08) Page 4 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown
Estimated Proiect Area Households to be Permanently Displaced Over Current ;}seal Year:
7. a. As required in Section 33080.4(a)(2) for a redevelopment project of the agency; estimate, over the current fiscal near, the
number of elderly and nonelderly households, by income category, expected to be pernranently displaced. (Note: actual
displacements will be reported for the next reporting year on Line 6}. N/A
Number of Households
Project Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
b. As required in Section 33413.5, for the current fiscal vear, identify each replacement housing plan required to be adopted before
the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households reported in 7a.
N!A
Date / /
mo day yr
Date ! /
mo day yr
Name of Agency Custodian
Name of Agency Custodian
Please attach a separate sheet of paper listing any additional housing plans adopted.
Units Developed Inside the Proiect Area to Fulfill Requirements of Other Protect Area(sl
8. Pursuant to Section 33413(b)(Z)(A)(v), agencies may choose one or more project areas to fulfill another project area's requirement to
construct new or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and finds, based on
substantial evidence, that the aggregation of dwelling units in one or more project areas will not cause or exacerbate racial, ethnic, or
economic segregafion. - -
Were any dwelling units in this project azea developed to partiatly or completely satisfy anotherproject area's requirement to
constmct new or substantially rehabilitate dwelling units?
No.
^ Yes. Date initial finding was adopted? / / Resolution # Date sent to HCD: / /
mo day yr mo day yr
Nnmber of Dwellin Units
Name of Other Project Area(s) VL -L M Total
Cafifomia Redevelopment eigencies -Fiscal Year 2007-2008 HCD-A
sch n (7rtios) Page 5 of 6
Agency Name: Santa Monica RedevelopmentAgency Project Area Name: Downtown
Sales of Owner-Occupied Units Inside the Project Area Prior to the Exoiration of Land Use Controls
9. Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equity sharing program,
agencies may permit the sale ofowner-occupied units prior to the expiration of the period of [he land use controls established by the
agency. Agencies must deposit sale proceeds into the Low and Moderate Income Housing Fund and within tln~ee (3)years from. the
date the unit was sold, expend funds to make another unit equal ui affordability, at the same income level, to the unit sold
b.
Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years?
<-- Total LMIHF Spent On Equul Units Over
Re ortin Year Numbet of Units
SALES VL L M Totai
Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago
Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago
,Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago
Affordable Units to be Constructed Inside the Project Area Within Two Years
10. Pursuant to Section 33080.4(a)(!0), report the number of very (ow, tow, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within tw~eazs from the date of the agreement or contract
executed over the reportingyear. Identify the project and/or contractor, date ofthe executed agreement or contract, and estimated
completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on
HCD-C, Lihe 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years from the
reporting year's agreement or contract date. None
DO NOT REPORT ANY UNITS ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR Ds.
Col A Col B Col C Col D Col E
Name of Agreement Estimated Sch C Amount- Sch C Amount
Project and/ot Execution Completion Date Encumbered Designated
Contractor Date w/in 2 rs of Col B Line 6a Line 7a VL L M Total
$ $
$ $
$ $
Please attach a separate sheet of paper to list additional information.
Sales. Did the agency permit the sale of any owner-occupied units during the reporting yeaz?
/^-No
^Yes
<- Total Proceeds From Sales Over Reporting Year Number of Units
SALES VL L M Total
Units Soid Over Reporting Year
Euual Units.
/^No
^Yes
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-A
sch A (~/1/oa) Page 6 of 6
SCHEDULE HCD-A
Inside Project Area Activity
for Fiscal Year that Ended 06 / 30 / 200$
AgencyName:Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A
Prepazer's Name, Title: Martin Kennedy, Adm. Svcs. Ofcr. prepazer's E-Mai! Address: martin.kennerly@smgov.net
preparer's Telephone No: (310) 45&-8757
1. Project Area Information
Preparer's Facsimile No: (310) 391-9996
GENERAL INFORMATTON
a. I. Year 1"plan for project area was adopted: 1960
2. Year that plan was last amended'(if applicable): 2006
3. Was plan amended after 2001 to extend time limits per Senate Bill2l 7 (Chapter 741, Statutes of 2001)? Yes®Nc~/
4. Current expiration of plan: 01 / 01 / 2012
mo day yr
b. If project area name has changed, give previous name(s). or number:-- - N/A
c. Year(s) of any mergers of the project area: r`]~ ,
Identify former project areas that merged:-
d. Year(s) project area plan was amended involving real property that either:
(1) Added property to plan: N/A~~ ,
(2) Removed property from plan: _~ -
2. Affordable Housing Replacement and/or Inclusionary or Production Reiluirements (Section 33473).
Pre-1976 nroiect areas not subsequently amended afler1975: Pursuant to Section 33413(d), only Section 33413(a) replacement
requirements apply to dwelling units destroyed or removed after 1995. The Agency can choose to apply all or part of Section
_. 33413 to a project area plan,adopted before 1976. If the agency has elected to apply all or.part of Section 33413, provide the
date of the resolution and the applicable Section 33413 requirements addressedin the scope of the resolution. NIA
llate: / / Resolution Scope (applicable Section 33413 requirements}
__ ______
mo day yr _.
Post-1975 nroiect areas and eeoeraphic aeeas added by amendment after 1975 to pre-1976 project areas: $oth replacement and
inclusionary or production requirements of Section 33413 apply.
NOTE:
Amounts to report on HCD-A lines 3a(I), 36-3f, and 3i. can be taken from what is reported to the State Controller's
Office (SCO) on the Statement of Income and Expenditures as part of the Redevelopment Agency's Financial
Tffiusactions Reporf, except for the reclassifyiug of Transfers-In from Internet Funds and the reporting of Other
Sources as discussed below:
Transfers-In from other internal funds: Report the amount of transfenred funds on applicable HCD-A,
lines 3a-j. For example, report the amount transferred from the Debt Service Fund to the Housing Fund
Tnr the deposit of the required set-aside percentage/amount by reporting gross tax increment mt IICD-A,
Line 3a(I) and repm~t the Housing Fund's share of expenditures for debt service on HCD-C, Line 4c. Do
not report "net" funds transferred from the Debt Service Fund on HCD-A, Line 3a(3} when renortint= debt
service expenditures on HCD-C. Line 4c.
Other Sources: Non-OAAP (Generally Acceptable Accounting Principles) revenues such as from land sales for
those agencies using the Land Held for Resale method to recprd ]and sales should be reported on HCD-A Line
3d. Housing fund receipts for the repayment of loan principal should be included on HCD-A Line 3h,
California Redevelopment Agendes-Fiscal Year 2007-2008 HCD-A
soh a p/I/OS) Page 1 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A
ProiectArea Housin¢ Fund Revenues and Other Sources
3. Report all revenues and other sources of funds from this project area which accrued to the Housing Fund over the repotting
year. Any income related to agency-assisted housing located outside the project area(s) should bereported-as "Other
Revenue" on Line 3j. (of this Schedule A), if this project area is named as beneficiary in the authorizin rg esolution. Any
other revenue sources not reported on !'ores 3a,-3i., should also be reported on Line 3j.
Enter on Line 3a(1) the full 100% of g oss Tax Increment allocated prior to applicable passthrou~h of funds and deductions
for fees (refer to Sections 33401, 33446, & 33676). Compute the required minimum percentage (%j of gross Tax Increment
and enter the amount on Lme 3a(Z)(A} or 3a(2)(B). Next, report The amount of'Cax Increment set-aside before any
exemption and/or deferral (if amounbset-aside is Tess than required minimum (%) explain the difference). Tf any amount of
Tax Increment was exempted or deferred, in addition to completing lines 3a(4) and/or 3a(5) complete Line 4 and/or Line 5.
To determine the amount of Tax Increment deposited to the T-lousing Fund [Line 3a(6)], subtract allowable amounts
exempted [Line 3a(4)] or deferred [Line 3a(5)] from the actual amount allocated to the Housing Fund [Line 3a(3)].
a. Tax Increment:
(l) I00%ofGrossAllocation: $ 3,402,068
(2) Calculate only Iset-aside amount: either A or below:
(A) 20% required by 33334.2 (Line 3a(1) x 20%): $ 680,414
(B) 30% required by 33333.10(g) (Line 3a(1) x 30%): $
(Senate Bill2ll, Chapter74t, Statutes of 2001)
(3) Amount ofset-aside (Line 3a(2)) allocated to Housing Fund $ 680,414 *
* If, pursuant to Section 33334.3{i), less than the minimum% of Gross Tax -
Increment (see 3a{2) above) is being allocated from this project area, identify
the project area(s) contributing the difference. Explain any other reason(s):
(4) Amount Exempted [Health & Safety Cade Section 33334:2]
(if there is an amount exempted, also complete question #4, next page): ($ )
(5) Amount Deferred [Health & Safety Code Section 33334.6]
(if there is an amount deferred, also complete question #5, next page} ($ _)
(6) Total deposit to the Housing Fund [result of Line 3a(3) through 3a(5)]: $ 680,414
b. Interest income: $ 25,542
c. Rental/Lease Income (combine amounts separately reported to the SCO): $
d. ~ Saie of Real Estate: $ -
e. Grants (combine amounts separately reported to the SCO): _ $
f. Bond Administrative Pees: $
g. Deferral Repayments (also complete Line Se(2) on the next page): $
h. Loan Repayments: $
i. Debt Proceeds: $
j. Other Revenues} [Explain and identify amoant(s)]:
$ $
k. Total Project Area Receipts Deposited to FIousing Fund (add lines 3a(6). through 3j.): $ 705,956
California Redevelopment Agencies-Fiscal Year 2007-2008 I-ICD-A
Sch n (7n1os) - ~ Page 2 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A
Exemption(s)
4. a. If an exemption was claimed on Page 2, Line 3a(4) to deposit less than the required amount, complete the following information: N/A
Check only one of the Health and Safety Code Sections below (Note: An Annual Finding is required to be submitted to
xcli>
^ Section 33334.7_(a)(1): No need in commrmity to increase/improve supply of lower or moderate income housing.
^ Section 33334.2(a)(2): Less than the minimum set-aside % {20% or 30%) is sufficient to meet the need.
^ Section 33334.2(a){3}: Coi:nmunity.is making substantial effort equivalent in value to minimum set-aside % (20% or 30%}
and has specific contractual obligations incurred before May 1, 1991 requiring continued use of this funding.
Note: Pursuant to Section 33334.2(a)(3)(C}, ttiis exemption expired on June 30,1993 but it
contracts entered into prior to May ],1991.may not be sutiject to the exempfion sunset. ',
^ Other: Specify code section and reason(s):
b. For any exemption claimed on Page 2, Line 3a(4) and/or Line 4a above, identify: -N/A
Date that initial (1") fording was adopted: /_/ Resolution # Date sent to HCD: _/ /
mo day yr mo day yr
Adoption date of re op rtinC year findine: _/ /__ Resolution 8 Date sent to HCD: _ / /
mo day yr mo -day yr
Deferral s -
5. a. Specify the authority for defen~ing any set-aside on Line 3a(5). Check only Health and Safety Code Section boxes: N/A
^ Section 33334.6(d): Applicable to project areas approved before 1986 in which the required resolution was sent to HCD
before September 1986 regarding needing tar increment to meet existing obligations. Existing obligations can includethose
incurred after 1985, if net proceeds were rued to refinance pre-1986 listed obligations.
Note: The deferral previously authorized by Section 33334.6(e) expired. It wasonly
allowable in each fiscal year prior to July 1,1996 with certain restrictions.
^ Other: Specify code Section and reason:
b. For any deferral claimed on Page-2, tine 3a(5) and/or Line Sa above, identify:
Date that initial (1 ~ fording was adopted: _// Resolution #
' mo day yr _ _
Adoption date of reporting year finding: / / Resolution #
mo day yr
N/A
Date sent to HCD: / / _
mo day yr
Date sent to HCD: / /
mo day yr
c. A deferred set-aside pursuant to Section 33334.6(d) constitutes indebtedness to the Housing Fund. Summarize the amount(s)
of set-aside deferred over the reporting year and cumulatively as of the endbf the reporting year: N/A_
If the prior FY cumulative deferral shown above differs from what was reported on the last HCD report (HCD-A and
HCD-C), indicate the amount of difference and the reason:
Difference: $
Reason(s):
California Redevelopment Agencies- Fiscal Year 2007-2008 HCD-A
Page 3 of 6
Sch A(7/1/08)
Agency Name: Santa Monica Redevelopment Agency
Deferrals (continued)
5.
Project Area Name: Ocean Park 1A
d. Section 33334.6(8) requues any agency which defers set-asides to adopt a ptan [o eliminate the deficit in subsequent yeazs. N/A
[f this agency has deferred set-asides, has it adopted such a plan? Yes ^ No ^
Ifyes, by what date is the deficit to be elim htafed? / /
mo day yr
1f yes, when was the original plan adopted for the claimed deferral? / /
mo day yr
Identify Resolution # Date Resolution sent to HCD ! /
mo day yr
When was the last amended plan adopted for the claimed deferral? / /
mo day yr
Identify Resolution # ~ Date Resolution sent to HCD /
mo day yr
Actual Protect Area Households Displaced and Units and Bedrooms Lost Over Reaortin¢ Year.
6. a. Redeveloproent Proieet Activity. Pursuant to Sections 33080 4(a)(1) and (a)(3), report by income category the number of
elder]y and nonclderly households permanently displaced and the number of units and bedrooms removed or destroyed, over
the reporting ycar, (refer to Section 33413 for unit and bedroom replacement requirements). NIA
nr..,..r...» ,.r tr,,....er...ra..n r.,:...ru.,a»,,,..,..
Project Activity ~ V LV• V. L V ~'....M...,. v AM vY Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
Units Lost (Removed or Destroyed) and Required to be Replaced
Bedrooms Lost (Removed or Destroyed) and Required to be Replaced
Above Moderate Units Lost That Agency is Not Required to Replace
Above Moderate Bedrooms Lost That Agency is Not Required to Replace
b.. -Other Activity. Pursuant to Sections 33080.4(a)(t) and (a)(3) based on activities other than Ute destruction or removal of
dwelling units and bedrooms reported on Line 6a, report by income category the munber of elderly and nonelderly households
permanently displaced over the reporting near: N/A
Number of Households
Other Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
c. As required in Section 334I3.5, identify, over the reporting year, each replacement housing plan required to be adopted
before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households
reported on lines 6a. and 6b. N/A
Date / / Name of Agency Custodian
mo day yr
Date _/_/_ Name of Agency Custodian
mo day yr
Please attach aseparata sheeC ofpaper listing any additional housingplans adopted-
California Redevelopment Agencies- Fiscal Year 2007-2008 HCD-A
sea A (~tvoa) Page 4 of 6 -
Agency Name: Santa Monica Redevelopment Agency Project AreaName:Ocean Park 1A
Estimated Proiect Area Households to be Permanently Displaced Over Current Fiscal Year:
7. a. As required in Section 33080.4(a)(2) for a redevelopment project of the agency, estimate, over the current fiscal wear, the
number of elderly and nonelderly households, by income category, expected to be permanently displaced. (Note: actual
displacements will be reported far the next reporting year on Line 6). NIA
Number of Households
Project Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
b. As required in Section 33413.5, for the current fiscal vear, identify each replacement housing plan required to.be adopted before
the permanent displacement, destruction, and(or removal of dwelling units and bedrooms impacting the households reported in 7a.
N/A
Date / /_
mo day yr
Date / /
Name of Agency Custodian
Name ofAgeney Custodian
mo day yr
Please attach a separate sheet of paper listing any additional housing plans adopted:
Units Developed Inside the Proiect Area to Fult-tll Requirements of Other Proiect Area(s)
8. Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project areas to fulfill another project azea's requirement to
construct new or substantially rehabilitate dwelling units, provided the agency conducts a public heating and finds, based on
substantial evidence, that the aggregation of dwelling units in one or more project areas will not cause or exacerbate racial, ethnic, or
economic segregation.
Were any dwelling units in this project area developed to partial ly or completely satisfy another project area's requirement. to
construct new or sabstantialy rehabilitate dwelling units?
/^ No
^ Yes. Date initial finding was adopted? /_/ Resolution # - Date sent to HCD: /
mo day yr mo day yr
Number of Dwellin Units
Name of Other Project Area(s) VL L M Total
Ca(ifomia Redevelopment Agencies-Fiscal Yenr 2007-2008 HCD-A
sch A (vtlos) Page 5 of 6
Agency Name: Santa Monica Redevelopment Agencv Project Area Name: Ocean Park 1A _
Sales of Owner-Occupied Units Inside the Project Area Prior to the Expiration of Land Use Controls
Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equiTy shazing program,
agencies may permit the sale ofowner-occupied units prior to the expiration of the period of the land use controls established by the
agency. Agencies must deposit sale proceeds into the Low and Moderate Income Housing Fund and within three (3) years from the
date the tmit was sold, expend funds to make another unit equal in affordability, at the same income level, to the unit sold.
a. Sales. Did the agency permit the sale of any owner-occupied units during the reporting year?
^~ No
Yes
b.
Were reporting year funds spent to make units equal in affordabiiiTy to units sold over the last three reporting years?
<- Total LM[HF Spent On-Equal Units Over
Re ortin Year Nunber of Units
SALES VL L M Total
Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago
Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago
Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago
AtTordable~Units to be Constructed Inside the Project Area Within Two Years
10. Pursuant to Section 33080.4(a){I0), report the number of very low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two vears from the date of the agreement or contract
executed over the repor[ine veaz. Identify the project and/or contractor, date of the executed agreement or contract, and estimated
completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. andlor any applicable amount designated on
HCD-C,. Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years from the
reporting year's agreement or contract date. None
DO NOT REPORT ANY UNITS ON THIS SCHEDULE A THAT ARE REPOR'T'ED ON OTHER HCD-As, R, OR Ds.
Col A Col B CoI C CoI D Col E
Name of Agreement Estimated Sch C Amount Sch C Amount
Project and/or Execution Completion Date Encumbered Designated
Contractor Date w/in 2 rs of Col B Line 6a Line 7a VL L M Total
$ $
S $
$ $
Please attach a separate sheet of paper to list additional information.
F Total Proceeds From Sales Over Reporting Year Number of Units
SALES VL L M Total
Units Sold Over Reporting Year
dual iJnits.
I/ No
^Yes
California Redevelopment Agencies-k'iscal Year 2007-2005 HCD-A
seh A (7a/oS) Page 6 of 6
SCHEDULE HCD-A
Inside Project Area Activity
for Fiscal Year that Ended 06 / 30 / 2008
Agency Name:Santa Monica Redevelopment Agency Project Area Name: Ocean Park 16
Preparer's Name, Title: Martin Kennedy, Adm. Svcs. Ofcr. preparer's E-Mail Address: martin:kennerly@smgov.net
Preparer's Telephone No: (310) 458-8757-
1. Project Area Information
Preparer's Facsimile No: (310) 391-9996
G ENEItAI., INFORri'IATION
a. i. Year l"plan for project area was adopted: 1960
2. Year that plan was last amended (if applicable): 2006 -
3. Was plan amended after 2001 to extend time limits per Senate Bill 211 (Chapter 741, Statutes of 2001)? Yes^Nc~/
4. Current expiration of plan: 01 ! 01 / 2012
mo day yr
b. If project area name has changed, give previous name(s) or number: N!A
c. Year(s) of any mergers of the project area: N/A
Identify Former project areas that
d. Year(s) project area plan was amended involving real property that either:
(1) Added property to plan:
(2) Removed property from plan:
2. Affordable Housing Replacement and/or Inelusionary or Production Requirements (Section 33413).
Pre-1976 ~oject areas not subsequently amended a8er 1975: Pursuanbto Section 33413(d), only Section 33413(e) replacement
.requirements apply to dwelling units destroyed or removed after 1995. The Agency can choose to apply atl oe part of Section
33413 to a project area plan adopted before 1976. If the agency has elected to apply atl or part of Section 33413, provide the
dafe of the resolution and the applicable Section 33413 requirements addressed in the scope of the resolution. N/p
Date: _/ / Resolution Scope (app[icable Section33413 requirements):
mo day yr _
Post-1975 nroiect areas and eeoeranhic areas added by amendment after 1975 to nre-1976 nroiect areas: Both replacement and
inelusionary or production requirements of Seotion 33413 apply. -
NOTE:
Amounts to report on HCD-A lines 3a(L), 36-3f, and 3i. can be taken from what is reported to the State Controller's
Office (SCO) on the Statement of income and Expenditures as part of the Redevelopment Agency's Financial
Transactions Report, except for the reclassifying of Transfers-In frmn Internal Frmds and the reporting of Other
Sources as discussed below:
Transfers-In from other internal funds: Report the amount of transferred funds on applfcahle HCD-A,
lines 3a-j. For example, report the amount trausferred from the Debf Service Fund to fhe Housing Fuud
for the deposit of the required set-aside percentage/amount by reporting gross tax~incremeut on HCD-A,
Line 3a(1) and report the Housing Fund's share of expenditures for debt service on HCD-C, Line 4c. Dr
Other Sources: Non-GAAP (Generally Acceptable Accounfing Principles) revenues such as from land sales for
those agencies using the Land Held for Resale method to record tand sales should be reported on HCD-A Line
3d. Housing fund receipts for the repayment of loan principal should be included on HCD-A.Line 3h.
Cnlifurnia Redevelopment Agencies-Fiscal.Year 20D7-2903 HCD-A
sin A (vuosl rage 1 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1B
Project Area Housinz Fund Revenues and Other 3ovrces
3. Report all revenues and other sources of funds from this project area which accrued to the Housing FLnd over the reporting
year. Any income related to agency-assisted housing located outside the project area(s) should be reported as "Other
Revenue" on Line 3j. (of this Schedule A), if this proieci area is named as beneficiary in the authorizing resolution. Any
other revenue sources riot reported on lines 3a.-3i., should also be reported on Line 3j.
Enter on Line 3a(I) the fizl] 100% of gross Tax Increment allocated prior to applicable pass through of funds and deductions
for fees (refer to Sections 33401, 33446, & 33676). Compute the required minimum percentage (%) of gross Tax Increment
and enter the amount on Line 3a(2)(A) or 3a(2)(B). Next, report the amount of Tax Increment set-aside before any
exemption and/or deferral (if amount set-aside is less than required minimum (%), explain the difference). If any amount of
Tax Increment was exempted or deferred, in addition to completing lines 3a(4) and/or 3a(5), complete Line 4 and/or Line 5.
To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(6)], subtract allowable amounts
exempted [Line 3a(4)] or deferred [Line 3a(5)] from the actual amount allocated to the Housing Pund [Line 3a(3)].
a. Tax Increment:
(1} 100% of Gross Allocation: $ 421,089
(2} Caleulats only 1 set-aside amount: either A or B) below:
(A) 20%required.by 33330..2 (L'ute 3a(]) x 20%): $ 84.218
(B) 30% required by 33333.10(g) (Line 3a(i} x 30%): $
(Senate BID Zll, Chapter 741, Statutes of 2001)
(3) Amount ofset-aside (Line 3a(2)) allocated to Housing Fund $ 84.218
* If, pursuant to Section 33334.3(1), less than the minimum %of Gross Tar
Increment (see 3a(2) above) is being allocated from this project area, identify
the project area(s) contributing the difference. Explain any other reason(s):
(4) Amount Exempted [Health & Safety Code Section 33334 ~]
(if there is an amount exempted, also complete question #~f, next page): ($ )
(5) Amount DefetTed [PIealth & Safety Code Section 33334.6]
(if there is an amount deferred, also complete question #5, next page): ($ )
(6) Total deposit to the Housing Fund (result of Line 3a(3) through 3a(5)]: $ 84218
b, Interestlncome: $ 3,162
a Rental(Lease Income (combrne amozmts separately reported to the SCO): $
d. Sale of Real Estate: $
e. Grants (combine amounts separately reported to the SCO): $
f Bond Adminisnative Fees: $
g. Deferral Repayments (also complete Line 6c(2) on the next page): $ _
h. Loan Repayments: ~ $
i. Debt Prooeeds: ~ $
j. Other Revenue(s) [Explain and identify amount(s)]:
$ $
k. Total Project Area Receipts Deposited to Housing Fund (add Lines 3a(6). through 3j J: $ 87,380
California Kedevelopmen[ Agencies -Fiscal Year 2007-?008 HGD-A
sch A (7nloa) ~ Page 2 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 16
Exemution(s}
4, a, [fan exemption was claimed on Page 2, Line 3a(4) to deposit less than the required amount, complete the following information N/A
Check only one of the Health and Safety Code Sections below (Note: An Annual Finding is required to be submitted to
HCp)
^ Section 33334.2(a)(1): No need in community to increase/improve supply of lower or moderate income housing.
^ Section 33334.2(a)(2): Less than the minimum set-aside % (20%or 30%) is sufficient to meet the need.
^ Section 33334.2{a)(3): Community is making substantial effort equivalent in value to minimum set-aside % (20% or 30%}
-and has specific contractual obligations incurred before May 1, 1991 requiring continued use of this funding.
Note: Pursuant to Section 33334.2(a){3}(C), this exemption expired on Jone 30, 1993 but
contracts entered into prior to May I, 1991 may not be subject to fhe exemption sunset.
^ Other: Specify code section and reason(s):
b. For any exemption claimed on Page 2, Line 3a(4) and/or Line 4a above, identify: NIA
Date that initial (1") fmdinQ was adopted: / / Resolution # Date sent to HCD: / /
mo day yr mo day yr
Adoption date of reporting_vear fmdine; / / Resolution # Date sent to HCD: / !_
mo day yr mo day yr
Deferrals
5. a. Specify fhe authoriTy for deferring any set-aside on Line 3a(5}. Check only one Health and Safety Code Section boxes: N/A
^ Section 33334.6(d): Applicable to project areas approved before 1986 N which the required resolution was sent to HCD
before September 1986 regarding needing tax increment to meet existing obligations. Existing obligations can include those
incnrred after 1985, if net proceeds were used to refinanco pre-19861isted obligations.
Note: The deferral previonsly authorized by Section 33334,6(e) expired, It was only
allowable in each fiscal year prior to Jniy 1; 1996 with certain restrictions.
^ Other: Specify code Sectiomand reason:
b. For any deferral claimed on Page 2, Line 3 a(5) and/or Line Sa above, identify:
Date that initial (I") findin¢ was adopted: - J / Resolution # _
mo day yr
Adoption date of reportrtina year 6ndin r: / / Resolution #
mo day yr
N/A
Date sent to HCD: _/ /_
mo day yr
Date sent to HCD: /
mo day yr
c. A deferred set-aside pursuant to Section 33334.6(d) constitutes indebtedness to the Housing Fund. Summarize the amount(s)
of set-aside deferred over the reporting year and cumulatively as of the end of the reporting yeaz: . N/A
Ifthe prior FY cumulative deferral shown above differs from what was reported on the last HCD report (HC0.A and
HCD-C), indicate the amount of difference and the reason:
Difference: $ Reason(s):
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-A
sot, A (7/i/os) Page 3 of 6
Agency Name: Sanfa Monica RedevelopmentAgency
Deferrals {continued}
ProjeetAreaNarite: Ocean Park 1B
5.
d. Section 33334.6(8) requues any agency which defers set-asides to adopt a plan to eliminate the deficit in subsequent years. N/A
(f this agency has deferred set-asides, has it adopted such a plan? Yes ^ No ^
Ifyes, by what date is the deficit to be eliminated? / /
mo day yr
if yas, when was the original plan adopted far the claimed defenzl? ! /
mo day yr
Identify Kesolution # Date Resolution sent to HCD 7 !_
mo day yr
When was the last amended plan adopted for the claimed deferral? /
mo day yr
Identify Resolution # Date Resolution sent to HCD _/ /
mo day yr
Actual Project Area Households Displaced and Unifs and.Bedrooms Lost Over ReporfSne Year:
6. a. Redevelopment Protect Activity. Pursuant to Sections 33080.4(a)(1) and (a)(3}, report by income caCegory the number of
elderly and noaelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over
the renortine year, (refer to Section 33413 for unit and bedroom replacement requirements). N!A
Number of Households/UnitsBedrooms
Project Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
Units Lost (Removed or Destroyed) and Required to be Replaced
Bedrooms Lost (Removed or Destroyed) and Required to be Replaced
Above Moderate Units Lost That Agency is Not Required to Replace
Above Moderate Bedrooms Lost That Agency is Not Required to Replace
b. Other Activity. Pursuant to Sections 33080.4(x)(1) and (a)(3) based on activities other thanthe destruction or removal of
dwellin;? units and bedrooms reported on Line 6a, report by income category the number of elderly and nonelderly households
permanently displaced over the reporting year: NIA -
Nnmher of Hmrsehnlds
Other Activity VL L M AM Total
Households Permanently Displaced -Elderly .
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
c. As required in Section 33413.5, identify, over [he repor6ne year, each replacement housing plan required to be adopted
before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households
reported on lines 6a. and 6b. N/A
Date / / Name of Agency Custodian
mo day yr
Date 1 / Name of Agency Custodian
- mo day yr
- -Please attach a separate sheet ofpaper listing any additional housing plans adopted. _ _
California Redeveloprneni Agencies--fiscal Year 20D7-2008 HCD-A
Sch A (vuoa) Page 4 of 6
Agency Name: Santa Monica F2edevelopmentAgency Project Area Name: Ocean Park 16
Estimated Proieet Area Households to be Permanently Displaced Over Current Fiscal Year:
7. a. As r@quired in Section 33080.4(a)(2) for a redevelopment project of the agency, estimate, over the ctu~rent fiscal year, the
number of elderly and nonelderly households, by income category; expected to be permanently displaced. (Note: actual
.displacements will be reported for the next reporting year on Line 6). N/A
Number of Households
Project Activity VL L M AM TotaE
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
b. As required in Section 33413.5, for the current fiscal year, identify each replacement housing plan requited to be adopted before
the permanent displacement, destmction, andlor removal of.dwelling units and bedrooms impacting the households reported in 7a.
NIA
Date / /_
mo day yr
Name of Agency Custodian
Date ! /
mo day yr
Name of Agency Custodian
Please attach a separate sheet of paper lisfing any additional housing plans adopted.
Units Developed Inside the Proieet Area to Fulfill Requirements of Other Proieet Area(s)
8. Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project areas to fulfill another project area's requirement to
constmct new or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and finds, based on
substantial evidence, that the aggregation of dwelling units in one m' more project areas will nut cause or exacerbate racial,ethnic, or
economic segregation.
Were any dwelling units in this project area developed to partially or completely satisfy another project area's requirement to
construct new or substantially rehabilitate dwelling units?
^/ No.
^ Yes. Date initial fording was adopted? / _ /___ Resolution # Date sent to HCD: / - /
mo day yr mo day yr
Number ofDwellin Units
Name of Other Project Area(s) VL L M Total
California Redevelopmen[Agencies-Fiscal Year 2007-2008 HCD-A
seh A (7nros) Page 5 of 6
Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1B
Sales of Owner-Occupied Units Inside the Proiect Area Prior to the Eaviration of Laod Use Controls
9. Section 33413(cx2)(A) specifies that pursuant to an adopted program, which ine]udes but is not limited to an equity sharing program,
agencies may permit the sale of owner-occupied units prior to the expiration of the period ofYhe land use controls established by the
agency. Agencies mast deposit sale proceeds into the Low and Moderate Income Housing Fund and within three (3) years from the
date the unit was sold, expend funds to make another unit equal in affordability, at the same income level, to the unit sold.
a:
b.
Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years?
--- --
~ Total LMIHF Spent On Equal Units Over
Re ortin Year
Number of Units
SALES VL L M Tota!
Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago
Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago
Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago
Affordable Units to lx Constructed Inside the Proiect Area Within Two Years
10. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two vears from the date of the agreement or contract
executed over the renortin¢ year. Identify the project and/or contractor, date of the executed agreement or contract, and estimated
completiorrdate. Specify the amotmt reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on
HCD-C, Line 7a. such as for capital outlay or budgeted fiords intended to be encumbered for project use within two years from the
reporting yeaz's agreement or contract date. Norie ~.
DO NOT REPORT ANY UNITS ON TIIIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As; B, OR Ds.
Cot A Col B Col C CoF D Col E
Name of Agreement Estimated Sch C Amount Sch C Amount
Project andlor Execution Completion Date Encumbered Designated
Contracfor Date wlin 2 rs of Col B Line 6a Line 7a VL L M Total
$ $
$ $
$ $
Please attach a separate sheet of paper to list additional information.
Sales. Did the agency permit the sale of any owner-occupied units during the reporting year'?
~No
Yes
~ Total Proceeds From Sales Over Reporting Year I Number of Units
SALES VL ~ L M Total
Units Sold Over Reporting Year ~ _~ ~
Equal Units.
QNo
Yes
California Redevc7opmentAgencies-Fiscal Year 2007-2008 HCD-A
sen a I7/1/os) Page 6 of 6
SCHEDULE HCD-B
Outside Project Area Activity
for Fiscal Year Ended 06 / 30 / 2008
Agency Name: Santa Monica Redevelopment
Project Name: Los Angeles
Preparer's Name, Title: Nia Tanq, Sr. Development Analyst Preparer's E-Mail Address: nia.tang@smgov.net
Preparer's Telephone No: (310458-2232 Preparer's Facsimile No: (310) 396-6636
Actual Households Displaced and Units and Bedrooms Losf Outside of Proiect Area(sl Over Reportinu Year
1. a. Redevelopment Proieet Activity. Pursuant to Sections 33080.4(a)(1) and (a)(3), report by income category khe number of
elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the
repofine veer, (refer to Section 33413 for unit arid bedroom replacement requirements). -
Number of Honseholds/Unifs/Bedrooms
Activity VL L M AM To#al
Households Permanently Displaced-Elderly 0
Households Permanently Displaced -Non Elderly 0
Households Permanently Displaced-Total 0
Units Lost (Removed or Destroyed) and Required to be Replaced 0
Bedrooms Lost (Removed or Destroyed) and Required to be Replaced 0
Above Moderate Units Lost That Agency is Not Required to Replace - 0
Above Moderate Bedrooms Lost That Agency is Not Required to Replace 0
b. Other Activity. Pursuant to Sections 33080.4(a)(1) and (a)(3) based on activities other than the destuction or removal of
dwelling units and bedrooms renorted on Line 1 a, report by income category the number of elderly and nonelderly households
permanently displaced over dte reporting year.
Number of Households
Activity VL L M AM Total
Households Permanently Displaced -Elderly 0
Households Permanently Displaced -Non Elderly 0
Households Permanently Displaced-Total 0
o, As required in Section 33413.5, identify, over the reporting year, each replacement housing plan required to be adopted before
the permanent displacement, destruction, and/or removal of dwelling units and/or bedrooms impacting the households reported
on lines la and lb. N!A -
Date //
mo day yr
Bate / /
mo day yr
.Name of Agency Custodian
Name of Agency Custodian
Please attach a separate sheet of paper listing any additional housing plans adopted.
Catifomia Redevelopment Agencies-Fiscal Yeu 2007-2008 HCD-B
sa, e (vvos) Page 1 of 2
Agency Name: Santa Monica Redevelopment Agency HCD'B (Outside Project Area)
Estimated Households Outside of Protect Areas} to be Permanently Disnlaced Over Current Fiscal Year:
2. a. As required in Section 33080.4{a){2) for a redevelopment project ofthe agency, esfimate, over the current fiscal year, the
-number of elderly and nonelderly households, by income category, expected to be permanently displaced. (Note: actual
displacements will be reported for the next reporting year on Line 1). -
T?ctimated Permanent Disnlacements Number of Hoaseholds
Activity VL L M AM Total
Households Permanently Displaced -Elderly
Households Permanently Displaced -Non Elderly
Households Permanently Displaced -Total
b. As required in Section 33413 S, for the current fiscal year, identify each replacement housing plan.required to be adopted before
the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households reported on 2a.
Date / / Name of Agency Custodian
mo day yr
Date _/ ! Name of Agency Custodian
mo day yr
<- Total Proceeds From Sales Over Repo•ting Year Number of Units
Income Level VL L M . Total
Units Sold Over Current Reporting Year 0__
Sales of Owner-Occupied Units Outside of Proiect Areas} Prior to the Exniratiou of Land Use Controls
3. Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is-not limited to an. equity sharing prograzri,
agencies may permit the sale ofowner-occupied units prior to the expiration of the period of the land use controls established by the
agency. Agencies must deposit sate proceeds into the Low and Moderate Income Housing Fund and within three (3) years from the
date the unit was sold, expend funds to make another trait equal in affordability, at the same income level, as the unit sold.
a. Sales. Did the agency permit the sale of any owner-occupied units during [he reporting year?
^/ No
^Yes
Edual Units.
^No
^Yes
Please attach a separate sheet ofpaper fisting any additional housing plans adopted ,
Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years?
E-- TotaILMIHF spent on Equal Units Over Reporting Year Number of IInits
Income Level VL L M Total
Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr 0
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago 0
Units Made Equal This Reporting Yr to Units. Sold Two Reporting Yrs Ago 0
Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago 0
Affordable Units [o be Cmtstructed Outside of Proiect Area(s) Within Two Years Frmn Date of A>reement or Contrnct
4. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two years from the date of the aereement or contract
executed over the reportin¢ year. Identify the project and/or contractor, date of the executed agreement or contract, and estimated
completion date. Specify the amount repotted as an encumbrance on HCD-C, Lino 6a. and/or any applicable amount designated on
HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years liom the
reporting year's agreement or contract date.
DO NOT REYORT ANY UNITS SHOWN ON SCHEDULES HCll As OR Ds.
Col A Col B Col C Col D Col E
Name of Agreement Estimated 3ch C Amount Sch C Amount
Project andtor Execu#ion Completion Date Encumbered Designated
Contracfor Dafe w/in 2 rs of Col B) [Line 6a] Line 7a] VL - L M Total
$ $
3 $
5 $
Please attach a separate sheet of paper to list additional information.
See Attached
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-B
sah s (~/tioa) Page 3 oY' 2
Attachment to Schedule B -Outside Project Areas
Affordable Units to be Consfructed Outside the Protect Area(s) Within'Iwo Years From Date of Agreement or Contract
4. Pursuant to Section 33080.4(a)(10}, report the number of very low, tow, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two years from the date of the agreement or contract
executed over The ropo~year. Identify the project and(or contractor, date of the executed agreement or contract, and estimated-
completiondate. Speoify the amount reported as an encumbrance on IICD-C, Line 6a. andlor any applicable amount designated on
HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years from the
reporting year's agreement or contract date.
California Redevelopment Agencies-Fiscal Year 2005-06 HCD-B
Seh B (7/t/OS) - Attachment
SCHEDULE HCD-C
Agency-wide Activity
for Fiscal Year Ended 06 / 30 ! 2008
Agency Name: Santa Monica Redevelopment Agency County: Los Angeles
Preparer's Name, Title: k!lartin Kennedy, Adm. Svcs. Ofcr. preparer's E-Mail Address: martin.kennerly@smgov.net
Preparer's Telephone No: (310)458-8757 Preparer's Facsimile No: (310)391-9996
Low & Moderate Income Housine Fonds
Report on the "status and use of the agency's Low and Moderate ]ncome Housing Fund." Most information reported here should
be based on information reported to the State Controller.
7. Beginning Balance (Use "Nef Resources Available" from last fiscal year report to HCD) $ 12,092,278
a. If BeHinnina Balance reouires adjustment(sl,describe and provide dollar amount (positivelneeativej
makine uo total adjustment: Use c $ > for negative amounts or amounts to be subtracted.
Prior Year,Adjustments to Construction and Rehabilitation $ (101,492)
Expenditures ~ $
b. Adjusted Beginning Balance [Beginning Balance plus + or minus <-> Total Adjustment(s)] $ 11,990,786
2. Project Area(s) Receipts and Housing Fund Revenues
a. Total Project Area(s) Receipts. Total Summed amount ofHCD-Schedule A(s) (from Line 3k) $ 13,691,678
Housing Fund Resources not reported on HCD Schedule -A(s)
Describe and Provide Dollar Amount(s) (Positive/Negative) Making Up Total Housing Fund Resources
$
$
c. Total Housing Euud Resources $
Total Resources (Line 1 b. + Line Za +Line 20.)
25,682,464
NOTES:
Many amounts to report as Expenditures and Oifier Uses (beginning on the next page) should betaken from. amounts
reported to the State Controller's Office (SCO). Review the SCO's Redevelopment Agencies Financial Transactions Report.
Housing Fund "transfers-out" to other internal Agency funds: Report the speci fie use of all hansferred funds on applicable
lines 4a: k of Schedule C. For example, transfers from the Housing Fund to the Debt Service Fund for the repayment of
principal and interest of debt proceeds deposhed to the Housing Fund should be reported on the applicable item comprising
HCD-C Line 4c, providing tax increment (gross and deposit amounts) wore reported on Sch-As. External tmnsfers out of the
Agency should be reported on HCD-C Line 4j (e.g.: transfer of excess surplus To the County Housing Authority).
Other Uses: Non-GAAP (Generally Accepted Accounting Principles) recording of expenditures such as land purchases for
agencies using the Land Held for Resale method to record land purchases shouldbe reported on HCD-C Line 4a{I). Funds
spent resulting in loans to the Housing Fund should be included in HCD-C lines 46., 4f., 4g„ 4h., and 4i as appropriate. _
77re statutory cite pertaining to Comneunity Redevelapment Law (CRL) is providedjor preparers to review to determine
the approprinteness of Law and Moderate Income Housing Fund (LMIHF) expendihrres and other uses. HCD does not
represent that line items ident~ing any expenditures and o/her uses are altmva6le. CRL Is accessible on the Internet
[website: http:/Jwww.leginfo.ca.2ov/ (California Law)J beginning with Section 33000 of the Health and Safety Code.
California Aedevelopmen[ Agencies -Fiscal Year2067-2608 HCD-C
Sch C p/t/oat Page 1 of 10
Agency Name: Santa Monica Redevelopment Agency
4. Expenditures, Loans, and Other Uses
Acauisition of Property &~t~itding Sites (33334 2(e}(I )1 & Housing [33334.2(el(6
(]) Land Ptuchases (Investment -Land He(dfor Resale) " $
(2) Housing Assets (Fixed Asset)' $
(3) Acquisiton Expense $
(4) Operation of Acquired Property $
(5) Relocation Costs - $
(6) Relocation Payments $
(7) Site Clearance Costs $
(8) Disposal Costs $
(9) Other [Explain and identify amount(s)]:
$
$ $
Reported to SCO as' part ojAssets and Other Debts
(10} Subtotal Property/Building Sites/Housing Acquisition (Sum of Lines 1-9) $
b. Subsidies from Low and Moderate Income Housing Fund (LMiHF
{l) 1" Time Homebuyer Down Payment Assistance $
(2) Rental Subsidies $ 342,481
(3) Purchase of Affordability Covenants [33413(b)2(B)] $
(4} Other [Explain and identify amount(s)]:
$ $
(5) Subtotal Subsidies from LMfHF (Sum of Lines 1 - 4) $ 342,481
c. Debt Service [33334 2(e}(9)1 If paid from LMilHF, report LM1HF's share of debt service. If paid from
Deb t Service Fund, ensure "gross" tax incn:ment is reported on HCD-A(s) Line 3a(1).
(1) Debt Princfpai Payments
(a) Tax Allocatioq Bonds & Notes - $ 534,040 -
(b) Revenue Bonds & Certificates of Participation $ '
(c) City/County Advances & Loans $
(d) U. S. State & Other Long-Term Debt $
(2) Interest Expense $ 693 154
(3) Debt Issuance Costs $
(4) Other [Explain and identify amount(s)]:
$ $ 0
(5) Subtotal Debt Service (Sum of Lines I -4) $ 1J227 154
Planning and Administration Costs [33334.3(e}(t
(1) Administration Costs, ~ $ 37 896
(2) Professional Services (non nroiect specificl. ~ $
(3) PlanninglSurvey/Design (non project specific) $
(4) Indirec#Nonprofit Costs [33334.3(e){f){B)] $ -
(5) Other [Explain and identify.amoun[(s)]:
$ $
(6} Subtotal Plauving and Administratom# (Sum of Lines 1-5} $ 37,896
California Redeveloprten[ Agencies -Fiscal Year 2007-2008 HCD-C
SchCp/I/os) Paget of l0
Agency Name: Santa Monica Redevelopment Agency
4. Expenditures, Loans, and Other Uses (continued)
e. On/Off--Site Improvements [33334.2(e)(2)] Complete item 13 $
f Housing Constmction [33334.2(e)(5)] $ 2.366.472
g. Housing Rehabilitation [33334.2(e)(7)] $ 743 71
h. Maintain Supply of Nlobilehome Parks [33334.2(e}(10)] $ -
i. Preservation of At-Risk Units [33334.2(e)Q 1)] $
j. Transfers Out of Agency
(1) For Transit village-DevelopmentPlan(33334.19) $
(2) Excess Surplus [33334.12(a)(1)(A)] $
(3) Other (specify code section authorizing transfer and amount)
A. Section - ~ $
B. Section ~ $
Other Transfers Subtotal $
(4) Subtotal Transfers Out of Agency (Sum of j(1) throughj(3)) - $
k. Other Expenditures, Loans, andUses [Explain and identify amount(s)]: -
S
Subtotal Other Expenditures, Loans, and Uses $
h Total Expenditures, Loans, and Other Uses (Sum of lines 4a.-k.) $ 6,717,277
5. Net Resources Available [End of Repbrting Fiscal Year] - -
[Page 1, Line 3, Total Resources minus Total Expenditures, Loans, and Other Uses on Line 4.1.] - $ 18,965,187
6. Encumbrances and Unencumbered Balance
a. Encumbrances. Amount of Line 5 reserved for future payment of legal contract(s) -
or agreement(s). See Section 33334.12(8)(2) for definition. $
Refer to item 70 on Scb-A(s) and item 4 on Sch-B. - 7,109,456
b. Unencumbered-Balance (Line 5 minus Line 6a). Also enter on Page 4, Line I1 a. $ 11,855 731
7. DesigitatedlUndesigttated Amount of Available Fnnds -
a. Designated Fram Line 66- Budgetedlplanned to use near-term $ - -
Refer to item 10 on Sch-A(s) and item 4 on Sch-B
b. Undesignated From Line 66- Portion not vet budgeted7planned to use g
8. Other Housing Fund Assets (non recurrent receivables) not included as put of Line 5
a. Indebtedness from Deferrals of Tax Increment (Sec. 33334.6) -
[refer to Sch-A(s), Line Sc (2)]. $
b. Value of Land Purchased with Housing Funds and Held for
Development of Affordable Housing. Complete Sch-C item 14. $
a Loans Receivable for Housing Activities $ -
d. Residual Receipt Loans(periodic/fluctuating payments} $16,732,026
e. ERAF Loans Receivable (all years) (Sec. 33681) $ -
f Other Assets [Explain and identify amount(s)]:
R
g Total Other Honsing Fund Assets (Sum of lines 8a: £) $ 16,732,026
TOTAL FUND EQUITY[Line 5 (Net Resources Available) -FSg (Total Other Housing Fund Assets]$ 35,697,213
'~~, Compare Line 9 to the below amount reported to the SCO{Balance Sheet of Redevelopment Agencies -
j Financial Transactions Report. [Explain differences and identify amotmt(s)]:
$
$ $
~I ENTER LOW-MOD FUND TOTAL EQUITIES (BALANCE SHEET) REPORTF,D TO-SCO $ 35,697,213
California Redevelopment Agencies-Fiscal Vear 2o07-?008 - HCD-C
sch C (7/tlos) Page 3 of 10
Agency Name: Santa Monica Redevelopment Agency
Excess Surplus Information
Pmsuani to Section 33080.7 and Section 33334.12{g)(1), report on Excess Surplus that is required to be determined nn the first day
of a fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the greater of: (1) $1,000,000 or (2) the aggegate amount
of tax increment deposited to the Housing Fund during the prior four fiscal years. Section 33334. ] Z(g)(3)(A) and (B) provide that
the Unencumbered Balance can be adjusted far: (I) any remaining revenue generated ~in the reporting year from unspent debt proceeds
and (2} if the land was disposed of dtring the reporting year to develop affordable housing, the difference between the fair market value
of land and the vahte received
The Unencumbered Balance is calculated by subtracting encumbrances. from Net Resources Available. "Encumbrances" are funds
reserved and committed pursuant toa legally enforceable contract or ageement for expenditure for authorized redevelopment housing
activities [Section 33334.12(g)(2}]. -
For Excess Surplus calculation purposes, carry over the prior year's HCD Schedule C Adjusted Balance as the Adjusted Balance on the
first day of the reporting fiscal year. Determine wMch is larger: (1)$1 miltion or (2) the total of tax increment deposited over theprior
four years. Subtract the largest amount from the Adjusted Balance and, if positive, report the amount as Excess Surplus,
10. Excess Surplus:
Complete Columns Z, 3, 4, ~ 5 to calculate Excess Surplus for the reporting year, Columns 6 and 7 track prior years' Excess Surplus
Column l .Column 2 Column 3 Column 4 Column 5 Column 6 Column 7
Sum of Tax Current Current Amount
4 Prior and Total Tax Increment Reporting Yeaz Renorting Year Expended/Encumbered Remaining Excess
Current Increment Deposits Over 1~` Day !~` Day Against FY Balance of Surplus for Each
Reporting Deposits to Prior Four Adjusted F,xcess Surplus Excess Surplus as of Fiscal Year as of
Years Housing Fund FYs Balance Balances End of Reporting Year En d ofReporting Year
4 Rgt Yrs Ago
F'Y 03-04 $ 7,511,209 $ $ - $
3 Rpt Yrs Ago -
FY 04-05 $ 8.656,025 $ $ $
2 Rpt Yrs Ago
FY 05-06 $ 11,154,821 $ $ $
1 Rpf Yr Ago
FY 06-07 $ 11,629,988 $ $ $
CURRENT Sum of Column 2 Last Year's Sch C Col 4 minus: larger
Reporting Adjusted Balance of Col a or $luun
Year (rep0[C pOSil1VC $) -
EY $ 38,952,043 $ 4,838,457 $ $ $
11. Reportinlr Year Ending Unencumbered Balance and Adjusted Balance:
a. Unencumbered Balance (End ofYear) [Page 3, Line 6b] $ 11,855,731
b. If etigible, adjust the Unencumbered Balance for:
(I) Debt Proceeds [33334.12(g)(3)(B)]:
Identify unspent debt proceeds and related income remaining at end of reporting year $
(2) Land Conveyance Losses [(33334.12(g)(3)(A))]:
Identify reporting year ]asses from saleslgantslleases of land acquired with low-mod funds,.
if 49% or more of new or rehabilitated units will be affordable to louver-income households $
12.E -• - - - - -- -- -
,a)usteq natance (TOr next year's determmanon or Lxcess outputs) (r.me t to mmus sum or t to{t) anu t to{t)1 ~ 11 ,855,131
Note: Do not enter Adjusted Balance in Co14. It is to be reported as next year's 1st day amount to determine Excess
Surplus
a. If there is remaining Excess Surplus from what was determined on the first day of the repotting yeaz, describe
the agency's plan (as specified in Section 33334.10) for transferring, encumbering, or expending excess surplus:
b. If the plan described in 12a. was adopted, enter the plan adoption date:
mo day yr
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-C
Scn C (7ft108) Page 4 of 10
Agency Name: Santa Monica Redevelopment Agency
Miscellaneous Uses of Funds
13. If an amount is reported in 4e, pursuant to Section 33080.4(a)(6), report the total number of very low-, low-, and moderate-uteome
households that duectly benefited from expenditures for onsite/offsite improvements which resuhed in either new construction,
rehabilitation, or the elimination of health and safety hazards. (Note: if Line 4e of this schedule does not show expenditures for
improvements, no units should be reported here.)
Income
Level
Households
Constructed
Households
Rehabilitated Households ffiene6ting
from Elimination of
Health and Safety Hazard
~ -
Duration of Deed Restriction
Very Low
Low
Moderate
14, If the agency is holding land for furore housing development (refer to Line 8b), summarize the acreage (round to tenths, do not
report square footage), zoning date of purchase, and the anticipated start date for the housing development.
-
Site Name/Location* No: of
Acres
Zoning Purchase
Date Estimated Date
Available -
Comments
Please attach a separate sheet ofpaper listing any additional sites not reported above.
15. Section 33334.13 requires agencies which have used the Housing Fund to assist mortgagors m a homeownership mortgage-
revenue bond program, or home financing program described in that Section, to provide the following information:
a. Has your agency used the authority related to definitions of income or family size adjustment factors provided in Section
33334.13(a)?
Yes ^ No ^ Not Applicable ^
b. Has the agency complied with requirements in Section 33334.13(6) related to assistance for very low-income households
equal to twice that provided for above moderate-income households?
Yes ^ No ^ Not Applicable ^
California Redevelopment Agencies -Fiscal Year 2007-2008 - HCD-C
son e pNOB} ~ Page 5 of FO
Agency Name: Santa Monica Redevelopment Agency
16. Did the Agency use non-CHIRP funds as matching funds for the Federal HOME or HOPE program during the repotting period?
YES ^ NO ~/
If yes, please indicate the amount of non-LMIHF funds that were used for either HOME or HOPE program support.
HOME $ HOPE $
17. Pursuant to Section 33080.4(a)(11), the agency shall maintain adequate records to identify the date and amount of all LMIHF
deposits and withdrawals during the reporting period. To satisfy this requirement, the Agency should keep and make available
upon request any and all deposit and withdrawal information. DO NOTSUBMITANYDOCUMENTS/RECORDS.
Has your agency made any deposits to or withdrawals from the LMIHF? Yes Q No ^
If yes, identify the document(s) describing the agency's deposits and withdrawals by listing for each document, the following
(attach additional pages of similar information below as necessary): .
Name of document (e.g. ledger,joumal, etc.): Cash Flow Sfatement
Name ofAgency Custodian (person): Martin Kenner)
Custodian's telephone number: (310) 455-8757
Place where record can be accessed: 1901 Main Street Ste. C
Santa Monica, CA 90405
Name of document (e.g. ledger, journal, etc.}:
Name of Agency Custodian (person):
Custodian's telephone number
Place where record can be accessed:
18. Use of Other )non Low-Mod Funds) Redevelopment Funds for Housing
Please briefty describe the use. of any non-LMIHF redevelopment funds (i.e, contributions from the other 80% of tax increment
revenue or other non Low-Mod funds} to construct, improve, assist; or preserve houstng in the community.
The Agency contributed $2,323,601 towards affordable housing projects.
19. Suggestions/Resource Needs
Please provide suggestions to simplify and improve future agency reporting and identify any training, information, and/or other
resources, etc. that would help your agency to more quickly and effectively use its housing or other fiords to increase, improve,
and preserve affordable housing?
20. Annual Monitoring Renorts of Previously Cmm~leted Affordable Horsing Projects/Programs (H&SC 33418)
yVere all Annual Monitorfng Reports received for all prior years' affordable housing projects/programs? Yes ^/ No ^
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-1.'
sen c (7n/os) - Page 6 of ] 0
Agency Name: Santa Monica Redevelopment Agency
2I. Excess Surnlus Expenditure Plan (H&SC 33334.10(a) N/A
California Redevelopment Agencies -Fiscal Year 2007-2008 - HCD_C
Scn c (7nioa> Page 7 of 10
Agency Name: Santa Monica Redevelopment Agency
22. Foomnte area to provide additional information.
California Redevelopment Agencies -Fiscal Year 2007-2008 - HCD-C
sch C (7/I/oe) - Page 8 of 10
Agency Name: Santa Monica Redevelopment Agency
23. Project Achievement and HCD Director's Award for Housine Excellence
Project achievement information is optional but can serve important purposes: Agencies' achievements can inform others of
successful redevelopment projects and provide instructive information for additional successful projects. Achievemenfs maybe
included m HCD's Annual Report of Housing Activifies of California Redevelopment Agencies to assist other local agencies in
developing effective and efficient programs to address local housing needs.
ht addition, HCD may select various projects to receive the Director's Award for Housing Excellence. Projects may be selected
based on criteria such as local' affordable housing need(s) met, resources utilized, barriers overcome, and project
innovation complexity, etc.
Project achievement information should only be submitted for one affordable residential project that was completed within the
reporting year as evidenced by a Certificate of Occupancy. The project must not have been previously reported as an achievement.
To publish agencies' achievements in a standard forrnat, please complete information for each underlined category
below addressing suggested topics in a narrative forrnat that does not exceed two pages (see example, next page). In
addition to submining information with other HCD forms [o the State Coirtroller, please submit achievement
information on a 3.5 inch diskette and identfy the software type and version. For convenience, the diskette can be
separately mailed to: HCD Policy Division, 1800 3"r Street, Sacramento, CA 95814 or data can be emalled by
attaching the, file and sending it to: rlc»%!i~hcd ca. eov.
AGENCY INFORMATION
• I?roject.Type (Choose one of the categories below andone kind of assistance representing the rip mary project type):
NewlAdditidnal Units (Previously Unoccuuied/Uninhabimble): Existine Units (Previously Occupied)
- -New Construction to-own - Rehabilitation ofOwner-Occupied
- New Construction to rent - Rehabilitation ofTenant-Occupied
- Rehabilitation to own - Aequisitiod and Rehabilitation to Own
- -Rehabilitation to rent - Acquisition and Rehabilitation to Rent
- Adaptive Re-nse - Mobilehomes/NtanufacturedHonves
- Mixed Use Inflll - Payment Assistance for Owner or Ranter
-. Mobilehomes/ManufacturedHomes - Transitional Housing
- Mortgage Assistance - Other (describe)
- .Transitional Housing
- Other (describe}
• Agency Nune:
• Agency Contact and Telephone Number for the Project:
• .. Project Name
• Clientele served [owner, ranter, income group, special need (e.g. large family or disabled), etc.]
• Number and type of units and location, density, and size of projecf relative to other projects, etc.
• Degree of affordability/assistance rendered to families by project, etc.
• Uniqueness (land use, design features, additional serviceslamenities provided, funding sourcesfcollaboratioq beforelaRer
project conversion such as re-use, mixed use, etc.)
Cost (acquisition, clean-up, infrastructure, conversion, development, etc.)
HISTORY
• Timeframe from planning to opening
• Sarriershesistance (IegaVfmanciallcormnpnity, etc.) that were overcome
• Problems and creative solutions found
• Lessons learned and/or recommendations for undertaking a similar project
ACENCYROLEANDACHIEVEIVIEIVT
• Degree of involvement with concept, design, approval, financing construction, operation, and cost, etc.
a Specific agency and/or community goals and objectives met, etc.
California Redevelopment Agencies- Fiscal Year 2007-2008 HCD-C
sch C (7r7/os) Page 9 of 10
Agency Name: Santa Monica Redevelopment Agency
Protect Tyne: NEW CONSTRUCTION- O`VNER OCCUPIED
Redevelopment Agency
Contact: Name {Area Code) Telephone #
ProjeetlProgram Name: Project or Program
Description
During the reporting year, construction of 12-homes was completed. Enterprises,
which specializes in community self-help projects, was the developer, assisting 12 families in the
construction of their new homes. The homes took 10 months to build. The families' work on the homes
was converted into "sweat equity" valued at $15,000. The first mortgage was from.CHFA. Families were
also given an affordable second mortgage. The second and third mortgage loans were funded by LMIHF
and HOME funds.
Historv
The (City or County) of struggled for several years over what to do about the
area. The tried to encourage development in the azea by rezoning a
large portion of the area for multi-family use, and twice attempted to create improvement districts. None
of these efforts were successful and the area continued to deteriorate, spazking growing concern among
city officials and residents. At the point that the Redevelopment Agency became involved, there was
significant ill will between the residents of the and the (City or County). The
introduced the project in with discussions of how
the Agency could become involved in improving the blighted residential neighborhood centering on
. This area is in the core azea of town and was developed with
disproportionately narrow, deep lots, based on a subdivision plat laid in 1950. Residents built their homes
on the street frontages of and leaving large back-lot
areas that were landlocked and unsuitable for development, having no access to either avenue. The
Agency worked with 24 property owners fo purchase portions of their properties. Over several years, the
Agency purchased enough property to complete a tract map creating access and lots for building. Other
non-profits have created an additional twelve affordable homes.
A¢ency Role
The Agency played the central role: The Project is a classic example of
successful redevelopment. All elements of blight were present: irregular, land-locked parcels without
access; numerous property owners; development that lagged behind that of the surrounding municipal
property; high development cost due to need for installation of street improvements, utilities, a. storm
drain system, and undergrounding of a flood control creek; and aloes-income neighborhood in which
property sale prices would not support high development costs. The Agency determined that the best
development for the area would be single-family owner-occupied homes. The Agency bonded its tax
increment to fund the aff--site improvements. A tract map was completed providing for the installation
of the street improvements, utilities, storm drainage, and the undergrounding of Creek.
These improvements cost the Agency approximately $1.5 million. In lieu of using the eminent domain
process, the Agency negotiated with 22 property owners to purchase portions of their property,
allowing for access to the landlocked parcels. This helped foster trust and good will during the course
of the negotiations. The Project got underway once sufficient property was purchased.
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-C
sett c {7/t/ox) Page 10 of 10
Santa Monica Redevelopment Agency
Fiscal Year 2007-08
HCD-D Schedules -Summary
- Project HCD Forms units
D1 D2 D3 D4 D5 D6 D7
General Project
Information
Replacement
Housing Unil Inclusionary
Housing Units
-pnsitle the
Protect Area) Inclusionary
Housing Units
(Outside the
ProjeG Area) ONer
Housing Vnils
Provitled
(with LMIHF) Other Housing
Units Provided
(without
LMIHr7 Other Housing
Units Pmvidad
(NO Agency
A~~is~ance)
1. 1032 3rd St. / J 5
2. 1544 7th SL / - / 17
3. 839 9th St. / / 5
4. 219 California / / 3
5. 1719 Ocean Front - / - / - 5
New Construction Vnits in EQ Project AreaSUbtotal 35
6.. 1944 20th St. / / 8
Substantial Rehab Units <w/Affordability Covenants) in EQ Project Area Subtotal 8
7. 2411 4th St. / / 3
8. 1035 l9th SC / / 5
9. 1237 24th St. +/ / 4
10. - -2702 AdzOna / / 3
71. 2075 Nano / J 6
12. 2209 Main St / ~ 44
13. 2012 Main St / ~ / 107
14. 3031 Santa Monica / - / 47
N2W GOn$TracTion Iin1T5 Outside Pro ~ect Area SubTOtal 279
15. 2900 4th St. / . / 19
Substantial Rehab Units {w/Affordability Covenants) outside ProjecT Area subtotal 19
D1: General Project Information
D2: Replacement Housing Units
D3: Inclusionary Housing Units (Inside the Project Area)
D4: Inclusionary Housing Unit's (Outside the Project Area)
D5: Other Housing Units Provided (with LMIHF)
D6: Other Housing Units Provided (without LMIHF)
D7: Other Housing Units Provided (No Agency Assistance)
11CSMFSIWOUi'ng ME EVOnomie nevclognenllHUUlingMdRedevebpmenllRedNeloO~^~^IWmuW R¢yvH- RedNelo4man14kcalYea1240r-OBIHCO SWedu161COmple!etlWrmslSUmmary ^I HCPO $clwtlWw t2LU109)
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (areafnamefagy or nonagy dev/rental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev}: Area 1: 15 Owner, Area 2: 6 Rentah & Outside: 4 RenfaL Comptete 3 D-1s, & Ds3-4-5.
_2. 20 sub rehab (nonrestricted}: Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1s & 2 D-5s.
3: 15 sub rehab (restricted}: Area 4: 15 Nonagy Dev, Owner. Comptete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental}, S Nonagy Dev (nonrestricted Owner) Complete 2 D-1 s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency: Santa Monica Redevelopment Agency
Identify Project Area or specify "Outside": Earthquake Recovery Redevelopment Project Area
General Title of Housing ProjecUProgram: 1032 3rd Street
ProjecttProgram Address (optional):
Street: City: ZtP:
1032 3rd Street Santa Monica 90403
Owner Name (optional):
Total ProjectlProgram Units: # 5 Restricted Units: ~ # Unrestricted Units: # 5
For projects/programs with no RDA assistance. do not complete anv of below or anv of HCD D2-D6. Only complete HCD-D7.
Was this a federally assisted multi-family rental project jGov't Code Section 65863.10(a)(3}]? ^ YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end
Number of units restricted for special needs: (numbermust not exceed "Total Project Units) #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
(Note: A unit may serve multiple "Special Needs" below. Sum of all the below can exceed the "Number of Units" above}
# DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
~# DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
FARMWORKER {Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms} (allowable use only with "OtherHOUSing
Units Provided -Without W71HF"Sch-D6
Affordability and/or Special Need Use Restriction Term (enter daylmonth/year using digits, e.g. 0 7101 /2 0 0 2):
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided"
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity
Funding Sources
Redevelopment Funds: S
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAClFederal Award: $
TGAGlState Award: $
Total Deveiopment/Purchase Cost: $
Check all appropriate form(s) below that will be used fo identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Wth LMIHF (Sch HCD-D5)
Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D5)
/[J- No Agency Assistance (Sch HCD-D7)
California Retlevelopment Agencies -Fiscal Year 2007-2005 HCD-D1
Sch Dl (7/1/08)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Earthquake Recovery Protect
Housing Project Name: 1032 3rd. Street
NOTE: On this form, only report UNITS NOT REPORTED nn HCD-D2 through HCD-D6,farprojecf/program units thni
have not received a~ agency nssistnnce. Agency nssistrznce includes eitherfinancirzl assistance (LMIHF or other ngency
funrTs) or nonfmmacial assistance (design, planning, etc.) prov(derl by ngency stuff, In some erases, of tfre total units reported
on HCD DI, a portion of units in the same project/program may be agency assisted (reported on HCD-D2 through HCD-D6)
whereas other units~may be unassisted by the ngency (reported on HCD-D7).
1'he inlent of this form is to: (I) reconcile any difference between total project/program units reported on HCD-Dl compared
to the sere of rail the project'sfprogram's units reported on HCD-D2 through HCD-D6, and (2) account for other.(nnnassisterl)
housing tanits provided inside a Droiect nreu That increases the agency's inclasim:ary obligation. Repordtne nonapency
Example I (reporting partial units): Anew T 00 unit project wns built (reported on HCD-Dl, Inside or Outside a project area).
p'ifty (SO) units received agency assistance J30 afjordabfe LMIHF units (reparted nn either HCD-DZ, D3, D4, or DS) and 20
above moderate mots were funded with other agency funds (reported nn HCD-D6)J. The remaining 50 (privately fneanced
and developed nmrket-rate units) nurct he reparted on HCD-D7 to make up the difference between 700 reparted on DI ant150
reported on D2-Dh).
Example 2 (reportng all units): Inside a project area a condemned, historic property was substantlalTy rekabiUtaled (mzdtt-
family or single family), fended 6y tax credits and oTher privatefmancing without any agency assistance.
Check whether Inside or Outside Project Area in completing applicable information below:
/^ INSIDE Project Area
Enter the number for each uni4 type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 5 5
Substantial Rehabilitation Units:
Total Units: 5 5
If agency did not assist anv Dart ofproject C12867 04/06/2065
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
^ OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
If agency did not assist anv part of protect
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check all appropriate forms} fisted below that will be used to identify remaining Project Units to be reported:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ®With LMIHF (Sch HCD-D5)
^ Outside Project Area (Bch HCD-D4) ®Without LMIHF (Sch HCD-D5)
California Redevelopment Agencies-Fiscal Year 2007.2008 HCD-D7
Sch D7 (7!1!08)
SCHEDULE HCD-61
GENERAL PROJECTtPROGRAM INFORMATION
For each different Project/Program (area/name/aov or Nonagy dev/rental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner,- Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-is, & Ds3-4-5.
2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1s & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1 s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing Project/Program:
ProjectlProgram Address (optional}:
Street:
1544 7th Street
Owner Name {optional}:
Total ProjectlProgram Units: ~. # 17 Restricted Units: # Unrestricted Units: # 17
For projects/proarams with no RDA assistance do not complete anv of below or anv of HCD D2-D6 Oniv complete HCD-D7
Was this a federally assisted multi-family rental project [Gov't Code Section 85863.10(a}(3)]? ~ YES ~ NO
Number of units occupied by ineligible households (e.g. ineligible incomel# of residents in unit) of FY end #
Number of bedrooms occupied by ineligible. persons (e.g. ineligible incomet# of residents in unit) at FY #
end
Number of units restricted fior special needs: (number must not exceed "Total Project Units') #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
(NVlC. H 1//Ol IIICy JCf VC VIlUIUIJfC oNcwai ivccw r.iwvvv. .nu~u v~ a„ .pro ..o~~w ~Qi~ o~w~~ ~~~~ ,vw,,..~, ~~ .,,~,~ y~l
# - DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
# DISABLED (Physical) - # FEMALE HEAD OF HOUSHOLD # ELDERLY
# FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use onl with "Other Housing
Units Provided -Without LMIHF" Sch-D6
Affordabil- andlor S ecial Need Use Restriction Term enter da /monthl ear usin di its, e. .07/01/2002 :
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity
Funding Sources
Redevelopment. Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAC/Federal Award: $
TCAC/State Award: $
Total Development/Purchase Cost: $
Check ail appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5)
Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
~/ No Aoencv Assistance (Sch HCD-D7)
Santa Monica Redevelopment Agency
Earthquake Recovery Redevelopment Project Area
1544 7th SVeet
C_yt ZIP:
Santa Monica 904D1
California Redevelopment Agencies -Fiscal Year 2007-2008 ~ - HCD-D1
Soh DI (7/l/OS)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Earthquake Recovery Redevelopment Project Area
Housing Protect Name: 1544 7th Street
NOTE: On this forny only report UNITS NOT REPORTED an HCD-DZ through HCD-D6 for project/program units that
have not received ~ agency assistance. Agency assistance includes either financial assistance (LM/HF or other agency
funds) or nanfuzatzcia[ assistnnce (design, planning, etc:) provided by agency staff. 7n some cases, of the total nnits reported
on HCD D7, a portion of units in the same project/program tray bengency assisted (reported on HCD-D2lhrmzgh fICD-DG)
whereas other units may be unassisted by the agency (reported on HCD-D'7).
The intent of this form !s to: (I) reconcile any difference between totalproject/program units reported on HCD-DI compared
to the sum of all theprpjecf's/progrant's units reported on HCD-D2 through HCD-DG, and (2) account for other (nonassisted)
housing units provided inside a project area that increases the agency's inclusionrrry obligation. Renortine nonaeencv -
assisted projects outside u project area is optional, i(unfW do »ot rnake-up anv part of total units reparted on HCD-DI.
HCD-D7Repozainn Examples-
Exarnple I (reportingpartial units): Anew 700 unit project was bull! (reported on HCD-Dl, Inside or Outsltle nproject aren).
Fifty (SO) units received agency nssista»ce j30 affordable LtYHHF units (reported on either HCD-D2, D3, D4, or DSJ and 20
above moderate u»its were funded with other agency funds (reported on HCD-DG)J. The remaining 50 (privately frnnnced
and developed market-rate units) »tust be reported on HCD-D7 to make np the difference between 700 reporter/ on DI and 50
reported on D2-DG).
Example 2 (reporting all units); Inside a project area a condemned historic property wrzs substantially rehablGtated (multi-
family or single fnmify), funded by tnx eredlts and oiherprivate financing without ¢ny agency assisimtce.
Check whether Inside or Outside Project Area in completing applicable information below:
/^ INSIDE Project Area
Enter the numberfor each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 17 17
Substantial Rehabilitation Units:
Total Units: 17 17
!f agency did not assist anv part of protect C12393 10/25/2004
identify Building Permit Number and Date: ~ BUILDING PERMIT NUMBER BUILDING PERMIT DATE
^ OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW. MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
if agency did not assist anV part of project
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
® Replacement Housing Units Incjusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ®Inside Project Area (Sch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ®Without LMIHF (Sch HCD-D6}
California Redevelopment Agencies-Fiscal Year 2007-2008 ~ HCD-D7
Sch Q7 (7/1/08)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,S,6J
Agency:
Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside": Earthquake Recovery Redevelopment Project Area
Housing Project Name: 83g 9th Street
NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 through HCD-D6 for project/program units that
have not received a~ agency assistance. Agency nssistanee includes ekher ffnnncial assistance (LMIHF or other agency
funds) or nonfrnancial dssislance (design, planning, etc.) provided by agency stuff. In some cases, of [he total units reported
on HCD DI, a portion of rtnits in tl:e same project/program racy be agency assisted (reported on IlCD-D2 t7aroug/: IiCD-D6)
whereas other units may be unassisted by the agency (reported on HCD-D7).
T/:e intent of this form is to: (7} reconcile any difference bebveen total project/program zrnits reported ozz HCD-D7 compared
to the sum of all the project's/program's units reported on HCD-D2 through HCD-D6, and (2) account for other (xonrzssisted)
housing units provided inside a lrrniect area that increases the agency's inclusionary obligation: Renartin7=nonaQency
assisted moiects outsude a protect area is optionah ifunits do not make-up any Hart of total axits reported on HCD-D7.
HCD-D7 Reoortin2 Exarnnles
Ekamp/e Z (reportingpartia/ uxiis): Anew 100 unitproject wns buih (reported on HCD-D7, Inside or Outside aproject area).
FYfty (50) units receiver! agency nssfst¢uce [30 affordable LMIHF rnafts (reported ort either I7CD-D$ D3, D4, ar DS) and 20-
abovemoderate units were funded will: other agency funds (reported on HCD-D6)J. The remaining 50 (privately financed
and developed market-rate units) must be~ reported on HCD-D7 to make up t/ze difference between 100 reported on DI and SO
reported ox D2-D6).
Exirrnp[e 2 (reporting all units): Inside a project area a condenmeA hisforic property wms substantially rehabitifated (mulfi-
fanzlty or single family), funded by tax credits and other private f7nanerng without arty agency assistaxce.
Check whether Inside or Outside Project Area in completing applicable information below:
^/ INSfDEProjectArea
Enter the number for each unit Type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 5 5
Substantial Rehabilitation Units:
Total Units: 5 5
If agency did not assist anv part of protect C13168 07/05/2005
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
^ OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
If agency did not assist anv part of oroiect
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
® Replacement Housing Units Inclusionary Units Other Housing Units Provided:
(SchNCD-D2) ®Inside Project Area (Sch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
Cali£omia RedevelopmenLAgencies -Fiscal Ycar 2007-2008
Sch D7 (7/1/08)
HCD-D7
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (area/name/agv or nonage dev/rental or owner), complete ab1 and applicable D2-D7
Examples:
7: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner,' Area 2: 8 Rental; & Outside: 4 Rental. Complete 3 D-1 s, & Ds3-4-5.
Z: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1 s & 2 D-5s
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing Projecf/Program:
ProjectlProgram Address (optionaq:
Sheet:
219 California Avenue
Santa Monica Redevelopment Agency
Earthauake Recovery Redevelopment Project Area
219 California Avenue
CCU: ZIP:
Santa Monica 90403
Owner Name (optional):
Total Project/Program Units: # 3 Restricted Units: # Unrestricted Units: # 3
For oroiectslaroarams with no RDA assistance, do not complet_e_any o_f below_or any_of HCD D2-D6. Oniv complete HCD-D7.
Was this a federally assisted multi-family rental project [Gov't Code Section 65663.10(a}(3)j? ^ YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible incomet# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end
Number of units restricted for special needs: (number must not exceed "Total Project Units) #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
(Note: A unit may serve mum/
/_ DISABLED (Mental}
/ DISABLED (Physical)
/ FARMWORKER (Migrant)
Iveeas oetow. sum or an me oerow can exceea me rvumuer vi ~nres euwe/
FARMWORKER (Permanent)
FEMALE HEAD OF HOUSHOLD
LARGE FAMILY
(4 or more Bedrooms)
TRANSITIONAL HOUSING
ELDERLY
EMERGENCY SHELTERS
(allowable use only with "Other Housing
Units Provided - Without LMIHF" Sch-Di
Affordabilit and/or S ecial Need Use Restriction Term. enter da /month/ ear usin di its, e. . 07!01!2002
Re lacement Housin Units Inclusions Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuify
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAC/Federal Award: $
TCAC/State Award: $
Total DevelopmentlPurchase Cost: $
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Indlusionary Units: Other Housing Units Provided:
{Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6}
No Agency Assistance (Sch HCD-D7)
Califprnia Redevelopment Agencies-Fiscal Year 2007-2008 ~ HCD-D1
Sch U7 (7A/OB)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Earthquake Recovery Redevelopment Project Area ,
Housing Project Name: 219 California
NOTE: On this form, only report HNITS NOT REPORTED mz HCD-D2 through HCD-D6 for projecUprogram units thnt
have not received a~ agency assistance. Agency nssisiance includes either financial assistance (LMIHF pr nther.agency
funds) or nonft7raneial assistnnce (tleslgn, planning, etc.) provided by ngency staff, In some cases, of the total emits reported
on HCD Dl, a portion pf u»its in the sumeprojecUprogram may be agency ussisted (reported on HCD-D2 through HCD-D6)
whereas other unris may be unassisted by the agency (reported ora HCD-D~.
77ze intent of this form is to; (1) reconcile arty difference between dotalprojec>/program units reported on HCD Dl compared
to the srrm of all the project's/program's units reported an HCD-DZ through HCD-Dti, and (2) account for other (nonassisted)
housing units provided inside a protect area that increases the agency's inchrsionary obligation. Reportine nonanencv
assisted protects outside a protect area is oplionah if ttnits do not make-up anv part of total units reported an HCD-D7.
HCD-D7 Reportinf Examples
Example 1 (reportingpartial units): Anew 100 unitproject was built (reported are HCD-DI, Inside or Outside a project area).
Fitly (i0) rmits received agency assistance (i0 affordable LMIHF units (reported on either HCD-D2, D3, D4, or DS) and 20
above moderate rmits were funded wit/z outer agencvfinazls (reported on HCD-D6)j. Tlee remainrYeg 50 (privately financed
and developed Azar/cet-rate units) must be reported on HCD-D7 to make up the dtffererece between 100 reported on DT mzd 50
repotted on D2-D6).
Example 2 (reporting al[ units): Inside a project area a condemned, historic property was substantially rekabititated (rmdti-
family or single family), funded by tax credits and other private financing without uny agency nssistance.
Check whether Inside or Outside Project Area in completing applicable information below:
/^ INSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 3 3
Substantial Rehabilitation Units:
Total Units: 3 3
If agency did not assist anv Hart of protect C13265 07/29/2005
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
^ OUTSIDE Project Area
Enter the number fior each unit type for-each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
if agency did not assist anv part of nroiect
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUtLDtNG PERMIT DATE
Check all appropriate form(s) listed below that will be used to identify rem aining Project Units to be reported:
® Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ®Inside Project Area jSch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
Calilomia Redevelopment Agencies -Fiscal Ycar 2007-?008 - HOD-D7
Sch D7 (7/1/087
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different ProjectlProgram (area/name/agv or nonage devirental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner,' Area 2' 6 Rental; & Outside: 4 Rental. Complete 3 D-1s, & Ds3-4-5.
_2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals: Complete 2 D-1 s & 2 D-5s.
3: 15 sub rehab (restricted): Area 4. 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Renta!), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing ProjectlProgram:
ProjecUProgram Address (optional):
Street:
839 9fh SVeet
Owner Name (optional):
Santa Monica Redevelopment Agency
Earthquake Recovery Redevelopment Proiect Area
839 9th Street
City:
Santa Monica
ZIP:
90403
Total Project/Program Units: # 5 Restricted Units: # Unrestricted Units: # 5
For projects/programs with no RDA assistance, do not complete anv of below or anv bf HCD D2-D6. Only complete HCD-D7.
Was this a federally assisted multi-family rental project [Gov't Code Section 658fi3.10(a)(3}j7 ~ YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible incomei# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end
Number of units restricted for special needs: (numbermusf not exceed "Tpfa/ Projecf Units) #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
7a unit may serve
DISABLED (Mental)
DISABLED (Physical)
FARMWORKER (Migrant)
tveeos petow. sum of au the perow can exceea the tvumner of units- aoove)
FARMWORKER (Permanent) #
FEMALE HEAD OF HOUSHOLD #
LARGE FAMILY - #
(4 or more Bedrooms)
TRANSITIONAL. HOUSING
ELDERLY
EMERGENCY SHELTERS
(allowable use o~ with "Other Housing
Affordabilit and/or S eclat Need Use Restriction Term enter da /month/' ear usin di its, e. . 07!01/2002 :
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF WithoutLMIHF
Restriction Start Date
Restriction End Date
Perpetuity -
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAC/Federal Award: $
TCAC/State Award: $
Total Development/Purchase Cost: $
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:'
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
/^ No Aaency Assistance (Sch HCD-D7)
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-D1
Sch DI (7/1/08)
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (area/name/aqy or nonagy devl~ental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Ot'vner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1 s, & Ds3-4-5.
2_.' 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1 s & 2 D-5s.
3: 15 sub rehab (restricted}: Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-8.
4: 10 new {Outside). 2 Agy Dev {restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5.
Name ofi Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing Project7Program:
ProjectlProgram Address (optional):
Street:
1719 Ocean Front Walk
OwnervName {optionaq:
Total ProJect/Program Units: # 5 Restricted Units: #- Unrestricted Units: # 5
For projects/proorams with no RDA assistance do no[ complete any of below or any of HCD D2-D6. Only complete HCD-D7.
Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? ^ YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons (e,g. ineligible incomet# of residents in unit) at FY #
end
Number of units restricted for special needs: (number must not exceed "Total Project Units') #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
(Note: 'A unit may serve multiple °spec/a! lveeos oerow. gum or an me oerow can exceee me lvurnuer of vmis
DISABLED (Mental)
DISABLED (Physical)
FARMWORKER (Migrant)
FARMWORKER (Permanent) ~
FEMALE HEAD OF HOUSHOLD #
LARGE FAMILY #
(4 or more Bedrooms)
TRANSITIONAL HOUSING
ELDERLY
EMERGENCY SHELTERS
(allowable use o~ with "Other Housing
Units Provided - Wrfhout LMIHF" Sch-Di
Affordabili and/or S ecial Need Use Restriction Term enter da /month! ear usin di its, e. .0 7101 /2 0 0 2
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity -
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAG/Federal Award: $
TCAC/State Award: $
Total Development/Purchase Cost: $
Check all appropriate form{s} below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusignary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-R5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
Q No Agency Assistance (Sch HCD-D7)
Santa Monica Redevelopment Agency
Earthquake Recovery Redevelopment Project Area
1719 Ocean Front Walk
City: ZIP:
Santa Monica 90401
California Redevelopment Agencies -Fiscal Year 2007.2008 _ HCD-D1
Sch Dl (7/1/08) ~ -
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,8)
Agency: Santa Monica Redevelopment Project Area
Redevelopment Project Area Name, or "Outside";Earthquake Recovery Redevelopment Project Area
Housing Project Name: 1719 Ocean Front Walk
NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 through HCD-Db for projecUpragrarn units that
have not received a~ agency assfstance. Agency nssistance irzclurles either finatrcia! assistance (LMIHF or oUrer agency
funds) or nonfmdncial assistance (design, planning, etc.) provided 6y agency staff. In some cases, of the total units reported
on HCD DI, a portion of units in the sameproject/program may be agency assisfetl (reported an HCD-D2 through HCD-Db)
whereas other units may he rmassisted by the ngency (reported on HCD-D7). -
The intent of this farm is to: (I) reconcile any difference between total projecUprogram units reported on HCD-DI compared
to the sum of alt the projecPs/program's units reported on HCD-D2 through HCD-Db, and (2) acrount jar other (nonassisted)
housing units provtded Inside n nrolect area that inereasestl:e agency's inclusionary obligation. Renortiun nnnaeency -
assisted nroiects outside a nroiect area is ontiona/, if units do not make-un any Hart of total units reported on HCD-DI.
HCD-D7Renortine Examples
Example 1 (reporting partial tmiis): A' new IDO unit project was built (reported on HCD-Dl, Inside or Outside a project area).
Fifty (SD) unfits received agency assistance [30 afjorrhrble LtYIIHF units (reported on either HCD-D$ D3, D4, or DS) and ZO
above moderate units were funded with other agency funds(reported on HCD-Db)J. T/re remaining 50 (privately frnanced
and developed market-rate units) must be reported on HCD-D7 to md/re up Ole difference between 100 reported on DI and 50
reporter! on U2-Ub).
Example 2 (reporting all units): Inside a project area a condemned, historic property was substarrllally rehabilitated (multi-
family or single family), funded by tax credits and other private frnnneing without any agency assistance.
Check whether Inside or Outside Project Area in completing applicable information below:
^/ INSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 5 5
Substantial Rehabilitation Units:
Total Units: 5 5
!f agency did not assist any part of protect C11244 09/29/2003
identify Building Permit Number and Dafe: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
^ OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNR TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
If agency did not assist any part of protect
identify Building Permit Numberand Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check all appropriate form(s) listed below that will be used to'sdentify rem aining Project Units to be reported:
® Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HGD-D2) ®Inside Project Area (Sch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ®Without LMIHF (Sch HCD-D6}
California Redevelopmen[Agencies-Fiseal Year 2007-2008 HGD-D7
Sch D7 (7/1/08)
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different ProjecUProgram (arealnamelaov or nonaov devlrental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner; Area 2: 6 Rental,' & Outside: 4 Rental. Complete 3 D-1s, & Ds3-4-5.
_2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nopagy Dev. Rentals. Complete 2 D-1s & 2 D-5s.
3: 15 sub rehab (restricted}: Area 4: 15 Nonagy Dev, Owner Complete 1 D-1 & 1 D3.
4: 10 new (Outside). 2 Agy Dev (restricted RentalJ, 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, i D-4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing ProjecUProgram:
ProjecUProgram Address (optionaq:
Street:
1944 20th Street
Santa Monica Redevelopment Agency
Earthquake Recovery Redevelopment Project Area
1944 20th Street
C;~:
Santa Monica
Owner Name (optional):
Total ProjecUProgram Units: ~. # 8 Restricted Units: # $
ZIP:
90404
Unrestricted Units: #
Was this a federally assisted multi-family rental project [Gov't Code Section 68863.10(a)(3)]? ^ YES ~ NO
Number of units occupied by ineligible households (e.g. ineligible incomel# of residents in unit) at FY end # 6
Number of bedrooms occupied try ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end 18
Number of units restricted for special needs: (number must not exceed "7otal Project Units') # 0
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
(Note: A unit may serve multiple "Special Neetls" below. Sum of aU the below can exceed the "NUmberof Units" above)
#_ DISABLED (Mental} # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
#_ DISABLED (Physical) - # FEMALE HEAD OF HOUSHOLD # ELDERLY
#_ FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (af/owable use only with "Other Housing
UNfs Provided -Without LMIHF" Sch-D6
Affordability and/or Special Need Use Restriction Term (enter day/month/year using digits, e.a. 87/0112002):
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF'
Restriction Start Date ~ 4/14!2008
Restriction End Date 04/14/2062
Perpetuity -
Funding Sources:
Redevelopment Funds: $ 3,010,789
Federal Funds $ ,_
State Funds: $ _
DtherLocalFunds: $ _
Private Funds: $ _
Owner's Equity: $ _
TCAC/Federal Award: $ _
TCAClState Award: $
Total DevelopmenUPurchase Cost: $ 3 010,789
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
^_ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^/ Inside Project Area (Sch HCD-D3) ^ W_Iih LMIHF (Sch HCD-D5)
Outside Project Area (Sch HCD-D4) ~ Without LMIHF (Sch HCD-D6)
^ No Agency Assistance (Sch HCD-D7)
California Redevelopment Agencies-Fiscal Year 2007-2008 HCD-D1
Sch D7 (7n/08) ' -
SCHEDULE HCD-D3
INCLUSIONARY HOUSING UNITS (INSIDE PROJECT AREA)
{units not claimed on Schedule D-4,5,6,7)
(units with required affordability restrictions that agency or community controls)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name: Earthquake Recovery RedevelopmentProject Area
Affordable Housing Project Name: 1944 20th Street
Check only one. If both apply, complete a separate form for each (with another Sch-D7):
^ Agency Developed ~ Non-Aoencv Developed
Check only one. If both apply, complete a separate form for each (with another Sch-D1}:
Rental ^owner-Occupied
Enter the number of units for each applicable activity below:
Note: "fNELG" refers to a household that is no longer eligible but sfill a temporary resident and part of the total
A. New Construction Units:
Elderly UnNs Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
0 ~~ ~~ 0 0 0 p~~
Of TotaF, identify the number aggregated from other project areas (see HCD-A(s), ttem 8}:
B. Substantial Rehabilitation (Past `93/AB 1290 Definition of Value >25%: Credit for Obligations Since 1994):
Elderly Units Non Elderty Units TOTAL Elderly & Non Elderly Uniis
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD -TOTAL INELG. VLOW LOW MOD TOTAL INELG.
p ~ 2 ~~ 0 2 0 ~~
Of Total, identify the number aggregatetl from other project areas (see HCD-A(s), Item 8):
C. Acquisition of Covenants (Post `93fAB 1290 Reform: Only Multi-Family Vlow & Low & Other Restrictions):
Elderly Units Non Elaedy units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
0 ~~ I u I~ 0- 0 0
TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly /Non Elderly IInits"): ILJI
(If TOTAL UNITS is less [Iran °Tatal Pmfect Units" on ACD ScJredu[e DI, report tRe remaining units as instructed below. (
Check all appropriate form(s) listed below that will be used fo identify remaining Project Units to be reported:
^ Replacement Housing Units ^Inclusionary Units (Outside Project Area) Other Housing Units Provided:
(Sch HCD-D2) (Sch HCD-D4} - ^ Wth LMIHF (Sch HCD-D5)
^ Without LMIHF (Sch HCD-D6)
^ No Assistance (Sch HCD-D7)
identify the number of Inclusionary Units which also have been counted as Replacement Units:
Elderly Units Non Elderly Units TOTAL Elderty & Non Elderty Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
I I I_-~ ~ ~0 ~ 0 0 0 ~0 ~0
California Redevelopment Agencies-Fiscal Year 2007-2008 HCD-D3
Sch D3 (7!1{08)
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (arealnametagy or nonagy dev/rental or owner), complete a D1 and applicable D2-D7
Examples:
i ~ 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1 s, & Ds3-4-5.
2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 1 B Nonagy Dev. Rentals. Complete 2 D-is & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Comptete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Comptete 2 D-1 s, 1 D-4, & 1 D-5.
Name ofi Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing ProjectlProgram:
Project/Program Address (optional):
Street:
2411 4th Street
Santa Monica Redevelopment Agency
Outside
2411 4th Street
City: ZiP:
Santa Monica 90405
Owner Name (optional):
Tota! ProjecUProgram Units: - # 3 Restricted Units: # Unrestricted Units: # 3
'or proiectslpronrams with no RDA assistance, do not complete any of below or any.of HCD D2-D6. Only complete HCD-D7.
Was this a federally assisted multi-family rental projec4 jGov't Code Section 65863.10(a}(3}]? []YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end #_
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end
Number of units restricted for special needs: (numbermust not exceed "Total Project Units') #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
(Note: A unit may serve multiple "Special Needs" below. Sum of all the below can exceed the "Number of Units' above)
# DISABLED (Mentaq - # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
# DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
# FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use o~ with "Other Housing
Units Provided -Without LMIHF" Sch-D6
Affordability and/or Special Need Use Restriction Term (enter daytmonthtyear using digits, e.g. 07(D1/2D02):
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAC/Federal Award: $
TCACIState Award: $
Total Development/Purchase Cost: $
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
^ No Aoencv Assistance (Sch HCD-D7)
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-D1
Sch Dl (7!tl08}
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED {NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Outside
Housing Project Name: 2411 4th Street
NOTE: On this form, mrly report UNITS NOT REPORTED on HCD-D2 through HCD-D6fnr projecUprngram rmFis that
have not received a~ agency nssfstnnce. Agency assistance Includes either flnmrcial assistance (LMIHF ar oiher agency
funds) or rsonfruancial assistance (design, planning, etc.) provided by agency staff. In some cases, of the total units reported
on HCD DI, a portiaz of units in the same projeeUprogram may be agency assisted (reported on HCD-D2 through HCD-D6)
whereas oiher units may be unassisted by tl:e agency (reported on HCD-D7). -
The itzterst oft/zis jorzn rs fo: (I) reconcile any difference between iota/projecUprogram units reported on HCD-D1 compared
to dhe sum of all the project's/psogram's units reported on IICD-D2 through HCD-D6, and (2) account for other (nonassisted)
housing units provided inside anroiect area that Increases the agency's inclusionary obllgadion. Renortine nonarenev
assisted nroiects outside n nroiect urea is optional, if unils do not make-un anv Hart of total ursits reported on HCD-DI.
HCD-D7 Renortine Examples
Example I (reporfingpartial units): Anew 11)0 unitproject was built (reported nu HCD-DI, /aside or Outside aproject area).
Fifty (50) units received agency assistance [30 affordable LMIHF antis (reported on-either HCD-D2, D3, D4, or DS) and 20
above moderate units were funded with other agency funds (reported on HCD-D6)J.lhe rema&uYzg SO (privately financed
mzd developed market-role units} must be reported on HCD-D7 fo make tip the difference between 100 reported on DI and SO
reported an D2-Dti).
Example 2 (reporting all units): Gaide n project area a enndenrned, historic property was substantially rehabilitated (multi-
family or single family), funded by tax credits and other privatefinancing witJzouf any agency assistmzce.
Check whether inside or Outside Project Area in completing applicable information below:
^ INSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
if agency did not assist anv part of protect
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Q OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 3 3
Substantial Rehabilitation Units:
Total Units: 3 3
If agency did not assist anv part of project C12518 12/03/2D04
identify Building Permd Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check ail appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ®With LMIHF (Sch HCD-DS)
^ Outside Project Area (Scb HCD-D4) ^ Without LMIHF (Scb HCD-D6)
California Redevelopment Agencies-Fisca(Year 2007-2DD8 ~ HCD-D7
Sch D7 (711/08)
SCHEDULE HCD-D1
GENERAL PROJECTIPROGRAM ENFORMATfON
For each different Project/Program (area/name/agy or nonage dev/rental or owner), complete a D'I and applicable D2-D7
Examples:
is 25 minor rehab (Nonagy Dev}: Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1 s, & Ds3-4-5.
_2: 20 sub rehab (nonrestricted}: Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1 s & 2 D-5s.
3: 15 sub rehab (restricted): Area 4.' 15 Nonagy Dev, Owner. Compiefe 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1 s, 1 D-4, & f D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Tifle of Housing Project/Program:
ProjectlProgram Address (optional):
Street:
1035 19th Street
Owner Name (optional}: -
Total ProjecllProgram Units:
# 5 Restricted Units: # Unrestricted Units: - # 5
Was this a federally assisted mufti-family rental project [Gov't Code Section 85853.10(a)(3)]? ^ YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible incomef# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end
Number of units restricted for special needs: (numbermust notexceed "Total Project Units') #
Number of units restricted That are serving one or more Special Needs: # ^ Check, if data not available
(Note.' A unit may serve multiple "Special Needs" below. Sum of all the below can exceed the "Number of Units° above)
# DISABLED~(Mental), # FARMWORKER (Permanent) # TRANSITIONAL HOUSING .
# DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
# FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use only with °Other Housing
Units Provided - hldhout LMfHF" Sch-D6
Affordability and/or Special Need Use Restriction Term (enter day/monthlyear using digits, e.g. 07/01/2002):
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAClFederal Award: $
TCAC/State Award: $
Total Development/Purchase Cost: $
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
^ No Agencv Assistance (Sch HCD-D7)
Santa Monica Redevelopment Agency
Outside
1035 19th Street
Cite: ZIP:
Santa Monica 90403
California Redevelopment Agencies-Fiscal Year 2007-2008 HCD-D1
Soh Dl (7fl/OS)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Outside
Housing Project Name: 1035 19th Street
NOTE: On this form, only report UNITS NOT REPORTED mz HCD-DZ through HCD-DO for projecUprograrrz ands tfeat
have not received a~ agency nssdstance. Agency assistance includes either financial assistance (LMIKF or other agency
funds} or nonfinancial assistance (design, planning, etc.) provided by agency staff. In some cases, of the total units reported
on HCD DI, a portion of unfits in the same projecUprogra»t may be agency assisted (reported on HCD-D2 through HCD-D6)
whereas other units may be unassisted by the agency (reported on HCD-D7).
Tke intent of [his form is to: (1) recanci/e rzny difference between total project/program units reported on HCD-DI compared
to file sum of all the project's/program's units reported on HCD-D2 through HCD-D6, and (2) account for other (nonassdsted)
housing unfits provided inside a project area that increases t{ze agency's dttclusionary obligation. Reportdnp nanapency
Example I (reporting partial units): Anew 100 anti project was bull! (reported on HCD-DI, /nside or Outside a project area).
Fifty (50) anlts received agency assistance (30 affordable LMIHF units (reported an either HCD-D2, D3, D4, or DS) and 20
above moderate mzdts were funded with. oSaer agency fm:ds (reported a: HCD-Dti)J. Tke remaining 50 (privately frnanced
and developedmarket-rate units) must be reported ott HCD-D7 to make trp the difference between 700 reported on DI and SO
reported on D2-D6).
de 2 (repording all units): Inside a project area a cmadeimzer/, hdstoricproperry was strbstanz4ally rehabdUtated (muhd-
or single family), funded by tax credits and other privaiefmancing without mty agency assistance.
Check whether Inside or Outside Project Area in completing applicable information below:
^ INSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
/f agency did not assist anv part of project
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Q OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNiT TYPE: VLOW iOW MOD AMOD TOTAL
New Construction Units: 5 5
Substantial Rehabilitation Units:
Total Units: 5 5
If agency did not assist anv Hart of protect C13733 12/21!2005
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
® Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ®Inside Project Area (Sch HCD-D3) ®With LMMF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
California Rcdcveloyment agencies-Fiscal Year 2007-2005 HCD-D7
Sch D7 (7/L/O8)
SCHEDULE HCD-D1
GENERAL PROJECTIPROGRAM INFORMATION
For each different ProjecUProgram (area name/agv or nonage devlrental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1 s, & Ds3-4-5.
2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1s & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & t D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing ProjecttProgram:
Project/Program Address {optional}:
Street:
1237.24th Street
Owner Name{optional}: -
Total Project/Program Units:
# 4 Restricted Units:. # Unrestricted Units: # 4
For projects/programs~with no RDA assistance, do not complete anv of below or anv of HCDD2-D8. Only complete HCD-D7.
Was this a federally assisted multi-family rental project [Gov't Code Section 65883.10(a)(3)j? ^ YES ^ NO
Number of units occupied by ineligible households (e.g, ineligible income/# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end
Number of units restricted for special needs: (numbermust not exceed "Total Project Units') #
Number of units restricted that are serving one or more Specia! Needs: # ^ Check, if data not available
pvote. n unn may serve
IVCCUJ UCIVVV, JUlll UI pfl t//C UG/VVV Gp/1 Cd UGGV IIIG IVUIIIUGt Vf V!l!W OUV VG!
DISABLED(Mentap ~ FARMWORKER (Permanent) ~ TRANSITIONAL HOUSING
DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use only with "Other Housing
Units Provided - VVfhout LMIHF" Sch-D6)
Affordability and/or Special Need Use Restriction Term (enter day/month/year using digits, e.g. 07!01/2002):
Re facement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity
Funding Sources:
Redevelopment Funds:
Federal Funds
State Funds:
Other Local Funds:
Private Funds:
Owner's Equity:
TCAC1Federal Award:
TCACIState Award:
Total DevelopmenUPurchase Cost:
Check all appropriate form(s) below that will be used to identify all oflhis Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6}
^ No Agencv Assistance (Sch HCD-D7}
Santa Monica Redevelopment Agency
1237 24th Street
Cam:
Santa Monica
ZIP:
90404
California Redevelopmenk Agencies -Fiscal Year 2007-2008 HCD-Dl
Sch-1 (7lU08)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(unifs not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Outside
Housing Project Name: 1237 24th Street
NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 throetgl: HCD-D6 for projecUprogram units [hat
have not received a~ agency assistance. Agency assistance includes either financial assistmzce (LMIHF or other agency
funds) ar nonfrnn»cial assistance (design, planning, etc,) provided by agency staff. In some cnses, of the total units reported
on HCD DI, a portion of units in the same project/program may be agency assisted (reported on HCD-D2 through HCD-D6)
wkereas ocher units may be unassisted by the agency (reported ou HGD-D~.
The intent ojthis form is to: ~~-(I) reconcile. uny difference between total project/program units reported on HCD-DI enn:pared
to the surn of atl the project's/progrnm's ztnifs reported on HC'D-D2 through HCD-Db, mrd (~) uccornet for other (nonassisted)
housing units provided Inside a »roiect urea that increases the agency's inclusionary obligation. Reporiine nonanencv
Example I (repotting partial units): Anew 100 unit project was built (reported on HCD-Dl, Inside or Outside a project area).
FjYy (SO) units received agency assistmtee [30 affordable LMIHF unifs (reported on eiAaer HCD-D2, D3, D4, or DS) and 20
above moderate units were funded widz outer agency firnrls (reported on HCD-D6)j. The remainntg SO (privately frnanced
nntf developed market-rate units) mast be reported on HCD-D7 to »take up the difference between 700 reported on DI and SO
reported on D2-Dti). _
E,enmple 2 (reporting all units): Inside a project area a condemned, htsloric property was substantially rehabilitated (multi-
fanaily or single jamity), funded by fax credits and other private financing witl:oui any agency assistance.
Check whether Inside or Outside Project Area in completing applicable information below:
^ INSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: -
Substantial Rehabilitation Units:
Total Units:
If agency did not assist anv part of project
identify Budding Permit Number and Dafe.' BUILDING PERMIT NUMBER BUILDING PERMIT DATE
/^ OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD , TOTAL
New Construction unifs: 4 4
Substantial Rehabilitation Units:
Total Units: 4 4
If agency did not assist anv part of protect C12955 05/05/2004
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check alt appropriate form(s) listed below tha# will be used to identify remaining Project Units to be reported:
® Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6}
Catifomia Redevelopment Agencies - Piseal Year 2007-2008 HCD-D7
Scri D7 (7p /08}
SOHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different ProjectProgram (area/namelaov or nonaov devlrental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner,- Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1s, & Ds3-4-5.
2: 20 sub rehab (nonrestricted); Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev Rentals. Complete 2 D-1s` & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency: Santa Monica Redevelopment Agency
Identrfy Project Area or specify "Outside": Outside
General Title of Housing ProjecUProgram: 2702 Arizona Avenue
ProjecUProgram Address (optional):
Street: CC;~: ZIP: ~
2702 Arizona Avenue Santa Monica 904D4
Owner Name (optional):
Total ProjectProgram Units: # 3 Restricted Units: # Unrestricted Units: # 3
For proiects/programs with no RDA assistance do not complete anv of below or anv of HCD D2-D6 OnIV complete HCD-D7
Was this a federally assisted multi-family rental pro]ect [Gov't Code Section 65863.10(a)(3)]? ^ YES ^ NO
Numberof units occupied by ineligible households (e.g. ineligible incomel# of residents in unit) at FY end #
Numberof bedrooms occupied by ineligible persons (e.g. ineligible incomel# of residents in unit) at FY
end
Numberof units restricted for special needs: (numbermustnotexceed "Total Project Units) #
Numberof units restricted tha4 are serving one or more Special Needs: # ^ Check, if data not available
(wore: H umr may serve muropre
t DISABLED (Mental)
t DISABLED (Physical)
t FARMWORKER (Migrant)
IveeuS uerow. ounr ur nu ure uervw t,an en ceeu rue rvurnuer vi uurw auuve~
FARMWORKER (Permanent} #
FEMALE HEAD OF HOUSHOLD #
LARGE FAMILY #
(4 or more Bedrooms}
TRANSITIONAL HOUSING
ELDERLY
EMERGENCY SHELTERS
(allowable-use opt with "Other Housing
Affordability and/or Soecial Need Use Restriction Term tenter day/month/vear using digits. e.g. 07/01/2D02):
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAC/Federal Award: $
TCAC/State Award: $
Total Development/Purchase Cost: $
Check all appropriate forms} below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2f ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
^ No Aoency Assistance (Sch HCD-D7)
California Redevelopment Agencies-Fiscal Year 2007-2008 HCD-D1
Sch Dl (7n/08)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
{units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Protect Area Name, or "Outside":Outside
Housing Project Name: 2702 Arizona Avenue
NOTE: On this form, or:ly report UNITS NOT REPORTED on HCD-D2 through HCD-DG for project/program units U:at
have not received a~ agency assistance. Agency nssistance includes either firarncial assistance (LMIHF or other ngerrty
funds) or nonfinancial assistance (design, planning, etc.) pr'ovirled by agency staff. In some cases, of fire total units reported
on HCD DI, a portion of units in tl:e same project/program may be agency assisted (reported on HCD-D2~ through HCD-D6)
whereas other units may be unassisted by the agency (reported on HCD-D7).
The intent of this form is to: (I) reconcile any difference between [ota[ projecUprogran: units reported on HCD-DI compared
to the sum of all the project's/program's mzits reported on HCD-D2 through HCD-D6, and (2) accoun[far other (nozeassisted)
housing units provided instde a nroiect urea that increases the agency's inclusionary obligatiotr. Reporting nonaeencv
assisted oroiects outside a protect area is optional, if units zlo not make-up anv Hart of total units reported on HCD-DI.
HCD-D7Reporfine Examples
Example I (reporting partial units): Anew 700 anti project was budlt (reported on HCD-DI, Inside or Outside a project area).
Fifty (SO) units received agency assistance [30 afforrlubte LAdIF7F unlls (reported an either HCD-DZ, D3, D4, ar DS) anr120
above moderate units were funded write other agency funds (reparted on HCD-D6)j. The remaining 50 (privately fnanced
End developed market-rate units) must be reported on HCD-D7 to make up the difference between 700 reported nn DI and SO
reported on DZ-D6).
Example Z (reporting all antes): Onside a project area a condemned, historic property was substantially rehabilitated (multi-
fandly or single family), funded by tax credits and other private financing~witl:out any agency assistance.
Check whether Inside or Outside Project Area in completing applicable information below:
^ INSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
!f agency did not assist anv part of protect
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 3 3
Substantial Rehabilitation Units:
Total Units: 3 3
If agency did not assist anv part of protect C13549 10/99/2005
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ®With LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ®Without LMIHF (Sch HCD-D6)
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-D7
sen m [7nlosl
SCHEDULE HCD-D1
GENERAL PROJECTIPROGRAM INFORMATION
For each different ProjecUProgram (area/name/aov or nonapy dev/rental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1s, & Ds3-4-5.
2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-is & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, pwner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside}. 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner} Complete 2 D-1s, 1 D-4, 8 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing ProjectProgram:
ProjecUProgram Address (optional}:
Street:
2015 Idaho Avenue
Santa Monica Redevelopment Agency
2015 Idaho Avenue
C;~t
Santa Monica
ZIP:
90403
Owner Name (optional):
Total ProjecUProgram Units: # 6 Restricted Units: . # Unrestricted Units: # 6
For projects/programs with no RDA assistance, do not complete anv of below or anv of HCD D2-D6. Only complete HCD-D7.
Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? ^ YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end
Number of units restricted for special needs: (number must not exceed "Total Project Units) #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
Irvote: H unrt may serve rnuurpre apecrar rveeua ueruw. ouru ur au ure ueruw can eaceeu the rvunruer or vans
DISABLED (Mental)
DISABLED (Physical}
FARMWORKER (Migrant)
FARMWORKER (Permanent)
FEMALE HEAD OF HOUSHOLD
LARGE FAMILY
(4 or more Bedrooms)
TRANSITIONAL HOUSING
ELDERLY
EMERGENCY SHELTERS
(allowable use only with `Other Housing
Affordabili and/or S ecial Need Use Restriction Term enter da !month/ ear usin di its, e. .07/01/2002
Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Sfart Date
Restriction End Date
Perpetuity
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAC/Federal Award: $
TCAC/State Award: $
Total DevelopmenUPurchase Cost: $
Check all appropriate form(s) below that will be used to iden#ify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5}
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
^. No Agency Assistance (Sch HCD-D7)
California Redevelopment Agencies -Fiscal Year 2007-2008 _ HCD-D1
Sch Dl (7/1/08)
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Outside
Housing Project Name: 2015 Idaho Avenue
NOTE: On this form, only report UNITS NOT REPORTED mr HCD-D2 t)rrough HCD-D6 for project/program units that
leave not received a~ agency assistance. Agency assistance includes either financial assistance (LlYIIHF or other agency
funds) or nonfmanciat assistance (design, planning, etc.) provided by agency staff. In some cases, of the total units reported
ort HCD DI, a porilon of units in ll;e same project/program ntay be agency assisted (reported on HCD-D2 throttg/t HCD-b6)
whereas other units may be unassisted by tl+e agency (reported rat HCD-D7).
The intent of this form is to: (I) reconcile any difference belween total prajecl/progrnrn units reported on HCD-DI compared
to the sum of a[I the project's/program's units reported on HCD-D2 through HCD-D6, and (2) account for other (nouassisted)
housing units provided inside a protect area thn[ increases the agency's inclusionury obligation. Reporting nanaeenev
assisted protects outside a protect area is optional, if units do not make-up anv part of total traits reported on HCD-DI.
Example 1 (reporting partial unitsj: Anew I00 un# project wns built (reported ou HCD-Dl, Inside or Ort[side a project area).
Fifty (50) units received agency assistance /30 affordable LMHIF units (reported on either HCD D2, D3, D9, or DS) and 20
above moderate units were funded with other agency funds (reported on HCD-DO)J. The remaining 50 (privatelyfrnartced
and rlevetopedmarket-rate units) n+ust be reported on HCD-D 7 to make «p the difference between 100 reported on DI and SO
reported on D2-DG).
Example 2 (reporting all units): Inside a project aren a ronden+ned, historic property was substantially rehabilitated (multi-
family or single family), funded by tax cretRts and other private fmuncing without any agency assistance.
Check whether Inside or Outside Project Area in completing applicable information below:
^ INSIDE Project Area
Enter the number for each unit 4ype for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
If agency did not assist anv part of aroiect
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERPAIT GATE
Q OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 6 6
Substantial Rehabilitation Units:
Total Units: 6 6
If agency did not assist anypart of protect C13339 08/18/2005
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ®With LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
California Redevelopment Agencies -Fiscal Yeaz 2007-loos - HCD-D7
Sch D7 (7/1108)
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (area/name/aov or nonaov dev/rental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental Complete 3 D-1s, & Ds3-4-5.
2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals,' 16 Nonagy Dev. Rentals. Complete 2 D-1 s & 2 D-5s.
3: 15 sub 2hab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricfed Rental), 8 Nonagy dev (nonrestricted Owner) Complete 2 D-1s, 1 0.4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing Project/Program:
ProjectlProgram Address (optional):
Street:
2209 Main Street
Santa Monica Redevelopment Agency
2209 Main Streel -
Ci~t : ZIP:
Santa Monica - 90405
Owner Name (optional}:
Total ProjecttProgram Units: # 44 Restricted Units: # 44 Unrestricted Units: # 0
For projects/programs with no RDA assistance, do not complete anv of below or anv of HCD D2-D6. Only complete HCD-D7.
Was this a federally assisted mufti-family rental project [Gov't Code Section 65663.10(a}(3)]? ^ YES Q NO
Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end # 0
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #
end 0
Number of units restricted for special needs: (number must not exceed "Total Project Units) # 0
Number of units restricted that are serving one or more Special Needs: # 0 ^ Check, if data not available
(Note: A unit may serve multiple °Special Needs" below. Sum of alt the below can exceed the °Number of Units" above)
# DISABLED (Mentaq # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
# DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
# FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use only with "Other Housing
Units Provided - ~fhout LMIHF" Sch-D6
Affordability andlor Special Need Use Restriction Term (enter day/month/year using digits, e_q. 07/D1l20021:
Re lacement Housin Units Inclusions Housin Units Other Housin Units Provided
Wilh LMIHF Without LMIHF '.
Restriction Start Date 08/13/2007
Restriction End Date ~ 08/13/2062
Perpetuity
Funding Sources:
Redevelopment Funds: $
Federal Funds $ _
State Funds: $
Other Local Funds: $ 6,774,763 _
Private Funds: $ _
Owner's Equity: $
TCAC/Federal Award: $ _
TCAClState Award: $
Total Development/Purchase Gost: $ 6,77a,763
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ V~th LMIHF (Sch HCD-D5).
^/ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D5)
^ No Aeency Assistance (Sch HCD-D7)
Caldornla Redevelopment Agencies -Fiscal Year 2007-2008 HCD-D 1
Bch D] (7/1!08)
SCHEDULE HCD-D4
INCLUSIONARY HOUSING UNITS OU( TSIDE ALL PROJECT AREAS)
(units not cialmed on Schedule D-3,5,0,7)
(units with required affordability restrictions 4hat agency or community controls}
Agency: Santa Monica Redevelopment Aaeney
Project Area: OUTSIDE
Affordable Housing Project Name: 2209 Main Stree#
Check only one. If both apply, complete a separate form for each (with another Sch-D1):
^Agencv Developed ~ Nan-Aaencv Developed
Check only one. If both apply; complete a separate form for each (with another Sch-D1}:
^/ Rental ^OwnerOccupied
Check only one. If both apply, complete a separate form for each (with another Sch-D1):
^ One-fia-One Credit ~/ Two-to-One Credit
(units do not fulfill any (2 units required to fulfill
project area obligation) 1 obligation of any project area)
Note: "INELG refers to a household that is no longer eligible but still a temporary resident and part of the total
Enter the number of units for each applicable activity below:
A. New Consfruction:
Elderly units Non Eldedy Units TOTAL Eldery & NOn Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL. INELG. VLOW LOW MOD TOTAL INELG.
~0 ~ 21 23 44 ~ 21 23 0 ~ ~0
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8):
B. Substantial Rehabilitation: !Post `93/AB 1290 Definition of Value>25%: Credit for Obligations Since 19941:
Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOP TOTAL INELG.
Of Total, identify the number aggregated from other project areas (see HCD-A(s), hem 8):
C. Acquisition of Covenants (Post `93/AB 1280 Reform: Only Multi-Family Vlow & Low & Other Restrictions):
Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
~- ~~~ no D a o0
TOTAL UNITS (Add only 3'OTAL of all °`TOTA.L Elderly /Non Elderly Units"): 44
IfTOTitL UNITS is less ikon "Total ProjecUPragram Ursi[s"on HCD ScGedule DI, report tke remnintng units as instructert below.
Check all appropriate form(s) listed belowthat will be used to identify remaining Project Unlts to be reported:
^ Replacement Housing Units ^ Inclusionary Units Inside Project Area) Other Housing Units Provided:
(Sch HCD-D2} (Sch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Wdhout LMIHF (Sch HCD-D6)
No Assistance (Sch HCD-D7)~
Identify the number of Inclusionary Units which also have been counted as Replacement Units:
Eltlerly Units Non Elderly Units .TOTAL E)derly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOO TOTAL INELG. VLOW LOW MOD TOTAL INELG.
~0 ~ 0 ~ r0 0 0 ~p~ ~0
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-D4
Sch D4 (?!ll08)
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM WFORMATION
For each different Project/Program (arealname/aqy or nonage dev/rental or owner), complete a D1 and applicable D2-D7
Examples:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental Complete 3 D-1s, & Ds3-4-5.
_2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev Rentals. Complete 2 D-1s & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
_4.' 10 new (Outside). 2 Agy Dev {restricted Rental}, 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing ProjectlProgram:
Project/Program Address (optional):
Street:
2012 Main Street
Owner Name (optional): -
Total Project/Progrem Units:
# 107 Restricted Units: # Unrestricted Units: # 107
Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? ^ YES ^ NO
Number of units occupied by ineligible households (e.g. ineligible incomel# of residents in unit) at FY end
Number of bedrooms occupied by ineligible persons (e.g, ineligible income/# of residents in unit] at FY #
end
Number of units restricted for special needs: (numbermust not exceed "Total Pro/ect Unrts) #
Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available
Ovore: n unn may serve nruurpre opecrar rveeus uervw. owu ~r au ure ueruw van exceeu ure rvurrruer or urns
DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use only with "Other libusing
Affordability and/or Special Need Use Restriction Term (enter daylmonthlyear using digits, e.g. 07/01/2002):
Re IacementHousin Units Inclusions Housin Units OtherHousin Units Provided
With LMIHF Without LMIHF
Restriction Start Date
Restriction End Date
Perpetuity
Funding Sources:
Redevelopment Funds: $
Federal Funds $
State Funds: $
Other Local Funds: $
Private Funds: $
Owner's Equity: $
TCAClFederal Award: $
TCAG/State Award: $
Total Deveiopment/Purchase Cost: $
Check all appropriate forms} below that will be used to identify all of this Project'slProgram's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
^ No Aaencv Assistance (Sch HCD-D7)
Santa Monica Redevelopment Agency
2012 Main Street
Cifv: ZIP:
Santa Monica 90405
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-D1
Sch DI (7/I/OS} _
SCHEDULE HCD-D7
HOUSING UNITS PROVIDED ~AGENCYASSISTANCE)
(units not claimed on Schedule D-2,3,4,5,6)
Agency: Santa Monica Redevelopment Agency
Redevelopment Project Area Name, or "Outside":Outside
Housing Project Name: 2012 Main Street
NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 through HCD-D6 for projecUprogrant units that
have not received a~ agency assistance. `agency assistance includes either financial assistance (CHINE or other agency
funds) or nanfrnancial assistance (design, planning, etc.) provided by agency staff. In some cases, of [he fotnl units reported
on IICD DI, a portiot: of units in the same project/progratn may be agency assisted (reported on HCD-D2 Urrough HCD-D6)
whereas other units maybe unassisted by the agency (reported an HCD-D7).
The intent of tilts form is to: (1) reconcile any difference beiweea total project/program unUS reported on HCD-DI compared
to the sum of all the project's/program's unils reported on HCD-D2 [hraugh HCD-D6, and (2) account for other (nonassisted)
housing units provided inside a nroiect area tleat increases the agency's inclusionary obligation. Reporting nonagencv
assisted protects outside a nroiec[ area is optionnl if units do not make-up anv part of total traits repar[ed on HCD DI.
E.enmple I (reporting purfirtt urtlLS): A new 100 unit project was hunt (reported on HCD-D/, Inside or Oertsfdea project area).
Fijty(SO) units received agency assistance (30 affordable LNIIIIF units (reported on either HCD-D$ D3, D4, pr DS) and 20
nbove moderate units were funded with other ngency funds (reported rat HCD-D6)J. The remaining SO (privately financed
and developed nearkei-rate ttnifs) must be reported on HCD-D7 to make up the difference beriveen 700 reported on DI and 50
reported on D2-D6).
E.cample 2 (reporting nil units): Inside a prafect area « condemned, bistaric property was substantially rehabiditaterl (mulli-
family or single famdy), funded by tax credits and other private financing without any agency assistance.
Check whether Inside ar Outside Project Area in completing applicable information below:
^ INSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units:
Substantial Rehabilitation Units:
Total Units:
If agency did not assist anv part of project
identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE
^J OUTSIDE Project Area
Enter the number for each unit type for each applicable activity:
ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL
New Construction Units: 107 107
Substantial Rehabilitation Units:
Total Units: 107 107
If agency did not assist anv part of protect OSCBP0042 01/17/2008
identify Building Permit Number and Date.' BUILDING PERMIT NUMBER BUILDWG PERMIT DATE
Check all appropriate form(s) listed below that wilt be used to identify remaining Project Units to be reported:
® Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6)
California Redevelopment Agencies -Fiscal Year 2007-2008
Sch P7 (7/1/06)
HCD-D7
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAMINFORMATION
For each different Project/Program (area/name/agy or nonagy dev/rental or owner), complete a D1 and applicable D2-D7
Examotes:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rentah, & Outside: 4 Rental. Complete 3 D-1s, & Os3-4-5.
2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1s & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new {Outside}. 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1 s, 10.4, & 1 0.5. .
Name of Redevelopment Agency: Santa Monica Redevelopment Agency
Identify Projecf Area or specify "Outside": Outside
General Title of Housing ProjecNProgram: 3031 Santa Monica 81vd.
ProjectlProgram Address (optional):
Street: Cam: ZIP:
3031 Santa Monica Blvd. ~ Santa Monica 90404
Owner Name (optional): -
Total ProjecNProgram Units:
# 47 Restricted Units: # 47 Unrestricted Units: #
Was this a federatly assisted multi-family rental project [Gov't Code Section 66863.10{a)(3)j? ^ YES ^ NO
Number of units occupied by ineligible households {e.g, ineligible income/# of residents in unit) at FY end #
Number of bedrooms occupied by ineligible persons {e.g. ineligible income!# of residents in unit) at FY #
end
Number of units restricted for special needs: (number must riot exceed "Total Project Units') #
Number of units restricted that are serving one or more Special Needs: # ^ Checc, if data not available
(Note: A unit may serve multiple "Special Needs" below. Sum of all the below can exceed the "Number of Units" above)
DISABLED (Menfal) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
# FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (at/owabte use only with "Other Housing
Units Provided - Ndhout LMIHF" Sch-D6)
Affordabiii and/or S ecial Need Use Restriction Term enter da !month! ear usin di its, e. .07/01/2002
Re lacemenf Housin Units Inclusions Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date 12 2
Restriction End Date 12/20/2062
Perpetuity
Funding Sources:
Redevelopment Funds: $
Federal Funds $ _
State Funds: $
Other Local Funds: $ 6,745,807
Private Funds: $
Owne>'s Equity: $
TCAC/Federal Award: $ _
TCAC/State Award: $ _
Total DevelopmenUPurchase Cost: $ 6 745.807
Check all appropriake form(s) below that wilt be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: - Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Wth LMIHF (Sch HCD-DS)
^ Outside Project Area (Sch HCD-D4) [] N(thout LMIHF (Sch HCD-D6)
^ No Aeency Assistance (Sch HCD-D7)
California Redevelopment Agencies-Fiscal Year 2007-2008 HCD-D1
Sch DI (7n/0>S)
SCHEDULE HCD-D4
INCLUSIONARY HOUSING UNITS OU( TSIDE ALL PROJECT AREAS)
(units not claimed on Schedule D-3,5,5,7)
(units with required affordability restrictions fhat agency or community controls)
Agency: Santa Monica Redevelopment Agency
Project Araa: OUTSIDE
Affordable Housing Protect Name: 3031 Santa Monica Blvd.
Check only one. If both apply, complete a separate form for each (with another Sch-D1):
^ Aaencv Developed ^/ Non-Aaencv Developed
Check only one. It both apply, complete a separate form for each {with another Sch-D1):
^J Rental ^owner-Occupied
Check only one. If both apply, comple#e a se~crate form for each (with anotFierSch-D1):
^ One-to-One Credit (/j Two-to-One Credit
(units do not fulfill any (2 units required to fulfill
project area obligation) 1 obligation of any project area)
Note: "INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total
Enter the number of units for each applicable activity below:
A. New Construction:
- Eideny Units Non Eidedy Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
~0 ~ 39 8 47 ~ 39 8 0 47
Of Total, identify the numher aggregated from other project areas (see HCD-A(s), Item 8):
B. Subsfantial Rehabilitation: (Post `93/AB 1296 Definition of Value >25%: Credit for Obligations Since 19941:
Eitlerry units Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL WELL. VLOW LOW MOD TOTAL WELG. VLOW LOW MOD TOTAL
IN
LG.
E
{
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8}:
C. Acquisition of Covenants fPost `93[A8 129D Reform: Only Multi-Family Vlow & Low & Other Restrictions):
Elderly Units Non Eidedy Units TOTAL Elderly & Non Eldery Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD T TAL INELG.
D o ~~~ o o D n o
TOTAL UNITS {Add only TOTAL of all "TOTAL Elderly /Non Elderly Units': 47
If TOTAL UNITS is less than "Tofa[Projecr/prograrn Units"on HCD Scherlale DI, report the remaining units as irrshucted Getaw. {
Check all appropriate form(s) listed below that will be used to identify remaining Project Un'ds to be reported:
^ Replacement Housing Units ^ inclusionary Units (Inside Project Area) Other Housing Units Provided:
(Sch HCD-D2) {Sch HCD-D3) ®Wth LMIHF (Sch HCD-D5)
^ Without LMIHF (Sch HCD-D5)
^ No Assistance (Sch HCD-D7)
Identify the number of Inclusionary Units which also have been counted as Replacement Units:
Eitlerly Units Non Elderly Units TOTAL Elderly & Non Elderty Units
-VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-D4
Sch D4 (7/t/O8)
SCHEDULE HCD-D1
GENERAL PROJECTIPROGRAM INEORMATIpN
For each different ProjectProgram (_arealname/aqV or nonagy dev/rental or owner), complete a D1 and applicable D2-D7
Examoles:
1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1s, & Ds3-4-5.
2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1s & 2 D-5s.
3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3.
4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1 s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing ProjecNProgram:
ProjecUProgram Address (optional):
Street:
2900 4th Street
Owner Name (optional): ,
Total ProjecUProgram Units:
# 0 Restricted Units: # 19 Unrestricted Units: # 0
Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a){3)]? ^ YES ^/ NO
Number of units occupied by ineligible households (e.g. ineligible income/# ofi residents in unify at FY end # 13
Number of bedrooms occupied by ineligible persons (e.g. ineligible incomel# of residents in unit) at FY #
end 22
Number of units restricted for special needs: (number must not exceed "Total Project Units) # 0
Number of units restricted fhat are serving one or more Special Needs: # 0 ^ Check, 'rf data not available
,v umr may serve mumpre ~a~peaar roeeas~ nerow. aum of at/ me nelow ran exceed the "Number of Units" above)
DISABLED (Mental) FARMWORKER (Permanent) # TRANSITIONAL HOUSING
DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY
FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use only with "Other Mousing
Affordabili and/or S ecial Need Use Restriction Term enter da /month ear usin di its e, .07/01/2002
Re lacement Housi Units Inclusions Housin Units Other Housin Units Provided
With LMIHF Without LMIHF
Restriction Start Date 08106/ 7 -
Restricfion End Date 08/06/2062
Perpetuity
Funding Sources:
Redevelopment Funds: - $ 5.867,993
Federal Funds $ _
State Funds: $ _
Other Local Funds: $ _
Private Funds: $
Owner's Equity: $
TCAC/Federal Award: $
TCAC/State Award: $
Total DevelopmenUPurchase Cost: $ 5,867.993
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Wdh LMIHF (Sch HCD-D5)
^./ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HC0.D6)
^ No Aeencv Assistance (Sch HCD-D7)
Santa Monica Redevelopment Aoenc
Outside
2900 4th Street
~: ZIP:
'~anta Monica - 90405
California Redevelopment Agencies -Fiscal Year 2007-2008 HCD-D1
Sch Dl (7/1/08}
SCHEDULE HCD-D4
INCLUStONARY HOUSING UNITS OU( TSIDE ALL PROJECT AREAS)
(unifs not claimed on Schedule D-3,5,6,7)
{units with required affordability restrictions that agency or community cantrols)
Agency: Santa Monica Redevelooment Agencv
Project Area: OUTSIDE
Affordable Housing Project Name: 2900 4th Street
Check only one. If both apply, complete a separete form for each (with another Scfi-D1}:
^Agencv Developed ~ Non-Agency Developed
Check only one. If both apply, complete a separate form for each (with another Sch-D1):
^/ Rental ®Owner-Occuoied
Check onty one: If both apply, complete a separate form for each (with another Sch-D1):
^One-to-One Credit L/J Two-to-One Credit
{unifs do not fulfill any (2 units required to fulfill
project area obligation) 1 obligation of any project area)
Note: "INELG"refers to a household that is no Longer eligible but still a. temporary resident and part of the tots!
Enter the number of units for each applicable activity below:
A. New Construction:
Elderly Units Non Elderly units TOTAL Elderly & Non Elderly Unifs
VLOW LOW M~OD~TOT~AL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
~ ~ II~ ~~ ~ O G U~ U
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8):
B. Substantial Rehabilitafion: (Post `93/AB 1290 Definition of Value>25%: Credit forObtigations Since 19941:
Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL ~ INELG.
- 0 ~ 2 4~ 13 2 4 6 13
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8}:
C. Acquisition of Covenants (Post'93/AB 1290 Reform: Ontv Multl-family Vlow & Low & Other Restrictions):
Elderly units Non Eldady Units TOTAL Elderly & Nan Elderly Units
VLOW LOW MOD TOTAt INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
TOTAL UNITS (Aad onty TOTAL of alt "TOTAL Elderly /Non Elderly Units"):
IjTOTifL UNITS is less fh¢¢ "Total Pr¢jec!/Progrnm Uxils"an HCD Schedule DI, report the rentuining uruts as instructed 6elow~
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
Replacement Housing Units ^Inclusionary Units Inside Project Area) Other Housing Units Provided:
(Sch HCD-D2) (Sch HCD-D3) ~ Wth LMIHF (Sch HCD-D5)
^ Without LMIHF (Sch HCD-D6)
^ No Assistance (Sch HCD-D7)
Identify the number of Inclusionary Units which also have been counted as Replacement Units:
Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD T~~OTA~L INELG. VLOW LOW MOD TOTAL INELG-
Calffornia Redevelopment Agencies-Fiscal Year 2007-2008 HCD-D4
Sch D4 (7/t/08)
SCHEdULE HCD-E
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION
BASED ON SPECIFIED HOUSING ACTIVTI'Y DURING THE REPORTING YEAR
Agency: Santa Monica Redevelopment Agency
Name of Project Or Area (if applicable, list "Outside" Or "Summary": Earthquake Recovery
Complete this form to report activity separately by project or area or to summarize activity for the year.
Report all new construction and/or substantial rehabilitation units from Forms D2 through D7 that were: ',
(a) developed by the agency and/or (b) developer! only in a project area by a nonagency person or entity.
PART I [II&SC Section 33413(b}(1)]
AGENCY DEVELOPED UNITS DURING THF. REPORTING YEAR
BOTH INSIDE AND OUTSIDE OF A PROJECT AREA
1. New Units Developed by the Agency
2. Substantially Rehabilitated Units Developed by the AeencX
3. Subtotal -Baseline of A~ Developed Units (add tines 1 & 2) 0
4. Subtotal of Increased Inclusionary Obligation (Line 3 x 30%) (see Notes 1 and 2 below) o
5. Ve ,,rte Inclusionary Obligation Increase Units (Line 4 x 50%) o
PART II [H&SC Section 33413(b)(2)]
NONAGENCY DEVELOPED UNITS DURING THE REPORTING YEAR
ONLY INSIDE A PROJECT AREA
6. New Units Developed by Any Nonaeency Person or Entity 35
Z Substantially Rehabilitated Units Developed by Any Nonaeency Person or Entity g
8. Subtotal -Baseline of Nonagency Developed Units (add lines 6 & 7) 43
9. Subtotal of Increased Inclusionary Obligation (Line 8 x I S%) (see Notes 1 and 2 below) g
10. Very-Low Inclusionary Obligation Increase (Line 9 x 40%} 3
PART III REPORTING YEAR TOTALS
11. Total Increase in Inclusionary Obligation (add lines 4 and 9) g
12. Ve ,,row Inclusionary Obligation Increase (add line 5 and IO) (Line 12 is a subset bfLine II) 3
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NOTES:
I. Section 33913(h)(1), (2), and (4) require agencies to ensure that applicable percentages (30% or 15%) of
all (market-rate and affordable) "new and substantially rehabilitated dwelling units" are made available
at affordable housing cost within 10 year planning periods. Market-rate units: units not assisted with
low-mod funds and jurisdiction does not control affordability restrictions. Affordable units: units
generally restricted for the longest feasible time beyond the redevelopment plan's land use controls and
jurisddctiott controls affordability restrictions. Akency developed units: market-rate units can not exceed
70 percent and affordable anits must be at Least 30 percent; however, all units assisted with low-mod
funds must be affordable. Nona~enev developed (protect area) units: market-rate units can not exceed
85 percent and affordable unfits must be at least IS percent.
2. Production requirements may be ntet on a project-by project basis or in aggregate within each IO year
planning period. The percentage of affordable units relative to total units required within each IO year
planning period may be calculated as follows:
AFFORDABLE units =Market-rate x (.30 or .151 TOTAL units = Market-rate or A ordable
(.70 or.8S) (.70 or.85) (.30 or.IS)
California Redevelopment Agencies-Fiscal Year 2007-2068 HCD-E