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sr-120809-1iCouncil Meeting: December 8, 2009 Agenda Item: ~ ®~- To: Mayor and City Council Chairperson and Redevelopment Agency From: Andy Agle, Director of Housing and Economic Development Subject: Redevelopment Agency Annual Report for Fiscal Year 2008-2009 Recommended Action Staff recommends that the: 1. City Council receive the Redevelopment Agency's Annual Report for Fiscal Year 2008-2009; and 2. Redevelopment Agency direct the Agency Executive Director to transmit the report to the State Controller for filing. Executive Summary State. law requires each Redevelopment Agency to present an annual report to its City Council and file the report with the State Controller no later than December 31, 2009. The report includes a summary of the Agency's programs and activities, a financial audit, a fiscal statement and a description of the Agency's housing activities. Discussion Each year the Finance Department prepares financial statements for the Agency which includes sufficient disclosures to enable a reader to gain an understanding of the Agency's financial condition at the end of each fiscal year. Mayer Hoffman and McCann P.C., independent auditors, audited these financial statements for the period July 1, 2008 -June 30, 2009 in compliance with standards set out in Section 33080.1 of the California Health and Safety Code and issued an unqualified (clean) audit opinion. Mayer Hoffman and McCann P.C. also performed tests of the Agency's compliance with certain provisions of laws, regulations, contracts, and grants and found no instances of noncompliance under government auditing standards. 1 In addition to providing a copy of the independent financial audit from Mayer Hoffman and McCann P.C., the attached annual report for FY 2008-2009 includes a summary of Agency-funded activities and projects, the Redevelopment Agency Financial Transactions Report to the State Controller's Office and the Housing Activity Report to the California Department of Housing and Community Development. The annual report is required to be received by the Council and transmitted to the State Controller by December 31, 2009. Financial Impacts & Budget Actions There is no budget impact resulting from the approval of the Redevelopment Agency's Annual Report for Fiscal Year 2008-2009. Prepared by: Tina Rodriguez, Redevelopment Administrator Approved: ~~ Andy Agle, Director Housing and Economic Development Attachments: Forwarded to Council: Attachment A: Annual Report Summary Attachment B: Mayer Hoffman and McCann P.C. Independent Auditor's Report Attachment C: State Auditor Controller's Report of Financial Transactions Attachment D: State Housing and Community Development Department Annual Report of Housing Activity of Community Redevelopment Agencies 2 Attachment A ANNUAL REPORT SUMMARY FOR FISCAL YEAR 2008-2009 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA As required by California Health & Safety Code Section 33080.1, the Redevelopment Agency must file an annual report with the California State Controller within. six months of the end of the Agency's fiscal year. The annual report must contain: 1) An independently prepared financial audit report conducted in accordance with generally accepted auditing standards (Independent Auditor's Report); 2) A fiscal statement that provides information on the outstanding indebtedness of, and the tax increment revenue generated by, the agency and by each project area (State Controller's Report of Financial Transactions of Community Redevelopment Agencies and Statement of Indebtedness); 3) A specific description of the Agency's activities affecting housing and any displacements (Annual Report of Housing Activities of Community RedevelopmentAgencies); and 4) Any other supplemental information that the Agency believes useful in explaining its programs and activities. This annual report for the Santa Monica. Redevelopment Agency contains information required by state law and includes a review of the objectives and activities of the Redevelopment Agency in FY 2008-2009, and previews the Agency's objectives and work plan for FY 2009-2010. II. DESCRIPTION OF REDEVELOPMENT PROJECT AREAS On August 13, 1957, the City Council of the City of Santa Monica established the Redevelopment Agency of the City of Santa Monica, pursuant to Redevelopment Law. In May 1972, the City Council declared itself the Agency and assumed all the rights, -1- powers, duties and privileges vested in a redevelopment agency. There are four redevelopment project areas within the city: • Ocean Park Redevelopment Project 1A • Ocean Park Redevelopment Project 1 B • Downtown Redevelopment Project • Earthquake Recovery Redevelopment Project Ocean Park Redevelopment Project 7A The City Council adopted the Redevelopment Plan for the Ocean Park Redevelopment Project 1A on June 30, 1960 and amended the Plan oh November 14, 1967, primarily to change the permitted land uses in the project area. The project area is 25 acres bounded by Ocean Park Boulevard to the north, Neilson Way to the east, Ocean Park Project 1 B to the south and the State beach parking lots and the beach to the west. Phase one of Ocean Park Redevelopment Project (1a) was completed in 1980 and phase two was completed in 1987. The project contains two 17-story, 250 rental unit -high-rise buildings known as Santa Monica Shores and is surrounded by the Sea Colony condominium project, which consists of 340 condominium units. Ocean View Park is a public park located in the center of the project area facing the ocean. Ocean Park Redevelopment Project 78 The City Council adopted the Redevelopment Plan for the Ocean Park Redevelopment Project 1B on January 24, 1961, with subsequent amendments implemented on January 26, 1965, July 13, 1971, and again on September 12, 1972, principally to change the permitted land uses within the project area. The project area consists of 8 acres bounded by Ocean Park Redevelopment Project 1A to the north, Neilson 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 contains two senior citizen residential apartment complexes, Neilson Villas and Barnard Park Villas, which contain 100 and 61 rental units respectively. A former utility building within the project area was adapted into offices and art storage for the Eli Broad Trust Art Foundation. -2- Downtown Redevelopment 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, 4th Street to the east, Colorado Avenue to the south, and 2"d Street to the west. Completed in 1980, the project consists of Santa Monica Place; a retail center containing approximately 570,000 square feet of floor area, including two major department store anchors and 160 specialty retail shops/food uses, linked by a three level enclosed common area, which is owned and operated by the Macerich Company. The project also includes two Agency-owned parking structures that provide a total of 1,968 parking spaces. The shopping center is currently undergoing remodel and will re-open by Summer 2010. The Agency is moving forward with improvements to Parking Structures 7 & 8. This includes fagade improvements, converting the structures to full-day attendant parking and installing parking controls and other related capital improvements. The first phase of the parking structure improvements is anticipated to be completed by the re-opening of Santa Monica Place. Earthquake Recovery Redevelopment Project The City Council adopted the Redevelopment Plan for the Earthquake Recovery Project on June 21, 1994. The project is 2.89 square miles bounded to the east by Cloven`ield Boulevard and 26t" 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 the structures predominantly damaged in the January 1994 Northridge earthquake. Approximately 90 percent of all red-tagged and 60 percent of all 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. During FY 2008-2009, the City embarked on developing the Redevelopment Funding Priorities for CIP projects over the next five years, which the City Council approved on June 11, 2009. These -3- Redevelopment Funding Priorities set the framework for the development of the Redevelopment Agency's next Five Year Implementation Plan. 111. ACTIVITIES FOR FISCAL YEAR 2008-2009 AND 2009-2010 The Agency's activities for the last fiscal year, which implement the Redevelopment Agency's 2004 Implementation Plan objectives for Ocean Park 1A, Ocean. Park 1B, Downtown and Earthquake Recovery Redevelopment Project Areas, are discussed below. Additionally Agency objectives and activities for the forthcoming 2009-2010 fiscal year are set forth below. Non-Housing Activities: Disaster Prevention and Mitigation: o Downtown Parking Program. FY 2008-2009: In accordance with Council and Agency authorization, staff proceeded with work related to seismic retrofit of Parking Structures 2 and 4 and the fagade improvement program for Parking Structures 1-6. FY 2009-2010: The City contracted with Walker Parking Consultants to review and evaluate the City's parking operations and update the financing program associated with the Downtown Parking Program. The report reviewed parking demand, rate recommendations, revenue options, financing potential, parking operations and future parking supply needs. The final report on the Downtown Parking Program with Staff recommendations was presented to City Council on September 8, 2009. City Council directed staff to develop a timeline to implement the Walker Parking Consultant recommendations. o Parking Structure 2. FY 2008-2009: Final design for the seismic retrofit of Parking Structure 2, located at 1235 2"d Street, was completed. The project entails seismic strengthening to the existing 9 story parking structure. -4- FY 2009-2010: The permitting process for the seismic retrofit work is anticipated to be completed by December 2009, with construction starting during the 1ST quarter of 2010. o Parking Structure 4. FY 2008-2009: Seismic retrofit work was completed on Parking Structure 4 in February 2009. The project also included upgrading of the restrooms, and construction of storage area for maintenance equipment. The new restrooms are open and staffed with attendants provided by the Bayside District Corporation through the corporation's Ambassador Program. o Fagade Improvements to Parking Structures 1-6. FY 2008-2009: This project consists of fagade improvements to Parking Structures 2, 4 and 5, including artist-designed vehicle and pedestrian entry features and lighting enhancements. Also included was the painting of the six downtown parking structures (completed in Spring 2009), repairs to planters, and replacing real-time parking availability monument signs. The installation of LED light fixtures in Parking Structure 2, 4, 5 is complete. The parking counting KIOSKS (which include maps of the Bayside District and 3`tl Street Promenade) were installed in July 2009. FY 2009-2010: The artwork and signage installation in Parking Structures 2, 4, and 5 is due to be completed in December 2009. o Parking Structures 1 and 6. FY 2008-2009: The Downtown Parking Improvement Program provides for Parking Structures 1 and 6 to be demolished and rebuilt in the same locations with additional parking spaces. The rebuilding of each structure will result in a net increase of up to 250 spaces per structure. In June 2009, the Redevelopment Agency authorized the Executive Director to negotiate and execute adesign-build contract for pre-construction services and preparation of a conceptual design to aid in defining the program. -5- FY 2009-2010: The City's Planning Department presented concept massing, urban design, circulation and cost implications relative to the design-build process in November 2009. Based on City Council direction, staff will proceed with the design of Parking Structure 6. o Land Acquisitions. FY 2008-2009: The City has been pursuing the acquisition of property within the area bounded by 4th Street, 5th Court, Wilshire Boulevard and Olympic :Boulevards for future public projects that may include light rail transit, public parking, affordable housing or other public supportive commercial uses. The City purchased property located at 1632-1636 5th Street (February 2009) and 1334 5th Street (May 2009). FY 2009-2010: The City will continue to pursue acquisitions as necessary. o Palisades Bluff Stabilization. FY 2008-2009: The Palisades Bluffs are steep and nearly vertical in certain areas, with deeply eroded gullies. After the January 17, 1994 Northridge earthquake, various sections of the bluffs were impacted by landslides, flows of debris and mud, and fractures. The damage was further exacerbated by sloughing from the disaster level storms of 1995 and 1998.The City is pursuing implementation of the Palisades Bluffs Improvement project as recommended in the Geotechnical Study of the Palisades Bluffs (October 2004). The proposed Phase 1 improvements include the installation of drainage measures, a limited demonstration of surface treatment measures to determine the aesthetic impacts prior to broader implementation, planting of native vegetation and other safety measures. The City obtained environmental clearance from the Federal Highway Administration (FHWA) and Caltrans, obtained Federal funding authorization (E-76) and approval to advertise for construction from Caltrans, and advertised the project for construction. Construction of the Phase I scope of work commenced in November 2009. -6- FY 2009-2010: Phase II of the project includes the structural stabilization scope of work needed for the California Incline Project to move forward. Construction of Phase II Improvements is anticipated to begin in Spring 2011. Commercial Revitalization: o Santa Monica Place. FY 2008-2009: The objectives of the Santa Monica Place renovations include updating and redesigning the enclosed mall into an outdoor shopping venue, establishing an open connection to the Third Street Promenade and to adjacent streets in order to better integrate the shopping center into Downtown, and providing an attractive shopping destination that will appeal both to retailers and to the Santa Monica community. The mall construction and remodel commenced in FY 2008- 2009 and will continue to FY 2009-2010. FY 2009-2010: The Agency will continue to work with Macerich Company on the remodel of Santa Monica Place and coordinate construction of public improvements with Macerich to ensure the City and Agency's conditions of project approval are satisfied. In addition, Bloomingdales (previously Macy's) and Nordstrom, the two anchor department stores at Santa Monica Place are also remodeling their existing stores. They both plan on opening .their stores with the re-opening of Santa Monica Place scheduled for August 2010. o Improvements to Parking Structures 7 & 8. FY 2008-2009: This project includes fagade improvements, the conversion of the structures to full-day attendant parking and installation of parking controls and related capital improvements, including secure bicycle parking. In July 2008, the Agency approved the proposed schematic designs and authorized staff to implement the proposed fagade improvements, including construction of exterior cladding, pedestrian-oriented retail spaces, solar photovoltaic systems, attendant -7- parking controls and bicycle parking facilities. A Coastal Commission Development Permit was received in November 2008. The Agency is working with the Macerich Company to oversee construction of the improvements on behalf of the City. FY 2009-2010: In July 2009 the Redevelopment Agency approved a phased approach to the construction. of improvements for Parking Structures 7 & 8. The improvements will be constructed in two phases. The second phase of the improvements will be constructed once additional funding from a variety of sources becomes available. In addition, agreements with Macerich Company to carry out the project and commence construction of capital improvements at Parking Structure 7 & 8 and convert the parking facilities to attendant parking are in final draft. It is anticipated the construction work on these improvements will commence early 2010. 0 2"d and 4th Street Improvement Project. FY 2008-2009: The project included the installation of new trees, removal of some existing trees, pedestrian lighting to illuminate the sidewalks, enlargement of tree- wells and installation of decorative uplighting to enhance the six mid-block crosswalks on 2"d and 4th Streets. These improvements were identified as a third phase in the Downtown Urban Design Plan. The project was substantially completed in June 2009. FY 2009-2010: The last element left to complete the project is to install 5 street/sidewalk light poles with bases. The project is substantially complete; the project is on hold due to the construction of Santa Monica Place. Construction will resume in early 2010 and should be finished by February 2010. Community Revitalization: 0 415 Pacific Coast Highway -Annenberg Beach House. FY 2008-2009: The adaptive reuse of 415 PCH entails rehabilitation of the historic guest house and pool; construction of a new entry pavilion, event and pool houses; -8- restroom and site improvements including a children's play area, water play feature, picnic and garden terraces, sand paddle tennis, volleyball courts; renovations to the Back on the .Beach Cafe and existing North, South and East parking lots; and installation of a traffic signal on Pacific Coast Highway. The project was completed and open to the public in April 2009. The $30.4 million project is funded primarily by a $26 million grant from the Annenberg Foundation with a contribution of $0.4 million from the City's General Fund, $0.7 in HUD EDI grant funds and $3.3 in Redevelopment Agency funds. 0 20th Street and Cloverfield Streetscape Improvement Project. FY 2008-2009: The scope of work includes construction of various. streetscape enhancements on 20th Street and Cloverfield Boulevard between the Santa Monica Freeway (I-10) and Pico Boulevard. Concept designs were presented to City Council in FY 2008-2009. Council requested an additional traffic study and concept design peer review prior to approving the concept design for the project. FY 2009-2010: A final concept design will be presented to Council in Winter 2010. Construction is anticipated to begin during the first quarter of 2011 with completion anticipated in Summer 2011. o Civic Center Planning & Design FY 2008-2009: The 2005 update to Civic Center Specific Plan resulted in plans, concept designs, and studies for various project components of the Civic Center, especially public open spaces, cultural facilities and renovation and upgrades to the Civic Center Auditorium. In March 2009, City Council provided feedback to staff on an inter-departmental approach for moving forward with planning and design of Civic Center projects and Expo Line-related capital projects in a coordinated fashion. Also initiated in FY 2008-2009 were a traffic circulation and parking study and survey work. -9- FY 2009-2090: The Freeway Capping, Colorado Streetscape Improvements, Palisades Garden Walk, and Expo Line enhancements will be entering the design and development phase, with the goal of completing project design work by July 2012. o Civic Center District Projects FY 2008-2009: This project includes the creation of a 5.6-acre park, a new cultural facility, surrounding streetscapes, the extension of Michigan Avenue from 4th Street through Main Street as a pedestrian way, and the Early Childhood Center (ECEC). An RFQ seeking a private partner for the Civic Auditorium was issued in April 2009. FY 2009-2010: Proposals in response to the RFQ were received in July 2009; the City Council authorized the City Manager to negotiate an agreement with the Nederlander Group for the use and programming of the Civic Auditorium. The objective for this fiscal year is to finalize the business terms for construction and operation of this cultural facility. Additionally, the location for the ECEC facility will be finalized and the City anticipates entering into an agreement with Santa Monica College for the construction and operation of the ECEC. o Redevelopment Priorities and Implementation Plan. FY 2008-2009: In order to capitalize on the Earthquake Recovery Redevelopment Project Area's ability to collect tax increment through 2042, the Redevelopment Agency must issue or commit all debt obligations by 2014. Thus, on June 6, 2009, the Agency confirmed its funding priorities and directed staff to prepare the necessary budget actions to move forward the capital programs identified in the long-term priorities for Agency funding. The City's goal is to complete the design development phase for these capital projects during the next three years and be prepared to issue debt by 2012 to achieve optimal funding terms for financing the construction of all these capital programs. -10- FY 2009-2010: These redevelopment funding priorities were the basis for the 2009- 2014 Redevelopment Agency's Five-Year Implementation Plan. On November 17, 2009, City Council approved a $298 million Agency program for the next five years. In the next year, the Agency. will continue to implement and fund these priority capital programs. Affordable Housing Activities; The Agency continued its efforts to increase, preserve, and improve the supply of affordable housing in Santa Monica, as set forth in the adopted housing programs of the Redevelopment Agency's 2004 and 2009 Five-Year Implementation Plan, by carrying out the following activities. o Line of Credit -Leveraging Housing Set-Aside Funds. FY 2008-2009: In May 2008, the Agency entered into a Credit Agreement with Bank of America for a line of credit in the amount of $50,000,000, with an option to increase the line of credit by an additional $25,000,000. During FY 2008-2009, four new construction and two multifamily low/moderate income projects received a total of $27,952,947 from the line of credit. This financing method leverages the Agency's ongoing housing set-aside revenue stream and provides a means to acquire properties that come up for sale in a timely manner. By increasing the near-term funding available for affordable housing development, the Agency can decrease its exposure to inflationary increases in land and construction costs. FY 2009-2010: The Agency plans to exercise its option to draw down an additional $25 million that can be made available for rehabilitation of existing developments or to create new affordable housing developments. o Senior Homeless Prevention and Rental Assistance Program. The Housing Authority funds two programs with Redevelopment Agency funds- the Senior Homeless Prevention Program (SHP) and the Rental Assistance Program. -11- FY 2008-2009: The SHP program provided eviction prevention assistance to eight households. The Rental Assistance program provided rental subsidies to 42 tenants. FY 2009-2010: The Agency will continue to provide funding for the SHP.and Rental Assistance programs. Agency funds available to these programs for this next fiscal year are $1.3 million. 0 175 Ocean Park Boulevard. FY 2008-2009: Fulfilled lease payment obligations to maintain twenty-two housing units for very low-income senior and family households. The lease payment made by the Agency is on behalf of the 175 Ocean Park Boulevard public housing development operated by the County of Los Angeles. This is an ongoing obligation of the Agency for years to come. In summary, one hundred and twenty-six (126) units have been constructed and are complete. An additional two hundred and sixty (260) units are currently in the construction phase and three hundred and sixty-three (363) units are in the acquisition/predevelopment/design phase. The following tables provide a snapshot of housing development activity during FY 2008-2009 and anticipated activity during FY 2009-2010. -12- Completed ~ r ~ v~ 3 4 r: fi ) ~ i ~ ~ `: M < ~ 3 a E ~..., C i a e i e62r tst'` x v ~ i t tE v ~e r I~ r F. re c ' :a..a 9 t r A , x .. ., } ~ } ' ~ ~ t } ~ .. ev < ~MC-k Y.,.. .... ... ,.e... ..: ._. ..~`t :.. e . .. ~. e ..v t i.v. vV..-.i ..s .mac v,.. .,vl....i . ~ ~ K . ; r~ 20-1 ; r a e - bedroom & 'October .r w s x r ~ = Rehabilitation 22 Low Income ~~ ~- ? .: w 2 - 2 - :2008 ~ % E~ x ; ' bedrooms ~ , ~ x. " o-T a ~~ ~~ ~ ;° ~ i l 2 units for ~ ' y New 44 s ng e Very-Low onsite , =a ~ f r r 46 room March 2009 Construction Income property ~« ~ ~ _ occupancy ~,:~ management ~ n,, : ~ ~~ ~ ~4 ~: ; x } w~ t ~ ~ i 4-1 ~ ~ x ~ w ' ' bedroom & ~laugust ~ r ~ ~, . Rehabilitation 6 Low Income t ,; , k 2 _ 2 ,.2009 ~. ' bedrooms Cvz ~t ". ' , k ' r\z -, ~ ~y. ; 18-2 ~ ~ ~ Very-Low ' ~ bedrooms November e ~ ~', s _ ~~ ; Rehabilitation 36 and Low tit & 18 - 3 2008 h~ ~~ bedrooms Income ?% G G F } e s ~*" ` 8 - 2 November . Rehabilitation 8 Low Income =t.~ ~~ a ~:t bedrooms 2009 try-I= = x~t ~` d : ~ v; , i Y 1 unit for ` ~ ` 8 single 4 ~ r s ~ ~ 2 ; Rehabilitation 8 room Very-low duly 2009 onsite `'r= Income property occupancy „ . t management -13- Construction Phase -14- Acquisition/Predevelopment/Design Phase -15- The Agency will continue to secure as many low and moderate housing opportunities within the City as feasible with funding assistance for land acquisition, new construction, and acquisition and rehabilitation of existing properties. V. PROJECT AREA HOUSING FUND REVENUES AND OTHER SOURCES During the reporting period, the Agency contributed $14,257,950 into its Low & Moderate Income Housing Fund, reflecting 20 percent of the tax increment revenues received in FY 2008-2009. These funds will be used in support of low and moderate income housing in future years. The following represents the breakdown of these contributions: Ocean Park Redevelopment Projects 1A & 16 In FY 2008-2009 the Ocean Park 1A and 16 Redevelopment Projects received $4,041,805 in tax increment revenue, of which $808,361 was set aside for housing activities. These funds were expended on debt service, associated administrative costs and projects through the Affordable Housing Trust Fund. Downtown Redevelopment Project In FY 2008-2009, the Downtown Redevelopment Project received $996,838 in tax increment revenue, of which $199,368 was set aside for housing activities. These funds were expended on debt service, associated administrative costs and projects through the Affordable Housing Trust Fund. Earthquake Recovery Redevelopment Project In FY 2008-2009, the Earthquake Recovery Redevelopment Project received $66,251,106 in tax increment revenue, of which $13,250,221 was set aside for housing activities. -16- Attachment B Mayer Hoffman and McCann P.C. Independent Auditor's Report Fiscal Year 2008-2009 THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA, CALIFORNIA (A Component Unit of the City of Santa Monica, California) Basic Financial Statements Year Ended June 30, 2009 (With Independent Auditors' Reports Thereon) THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA, CALIFORNIA BASIC FINANCIAL STATEMENTS YEAR ENDED JiTNE 30, 2009 TABLE OF CONTENTS FINANCIAL SECTION Independent Auditors' Report ...........................................................................:................................ 1 Management's Discussion and Analysis (Required Supplementary Information) Basic Financial Statements: Agency-wide Financial Statements: Statement of Net Assets .....................................:................................................................. 9 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 ............................................ 15 Note 2 -Cash and Investments ........................................................................ 21 Note 3 -Notes Receivable ................................................ .............................. 24 Note 4 -Capitalized Lease ..................:.........:................... ............................. 27 Note 5 -Capital Assets ..................................................... .................................... 27 Note 6 -Other Liabilities ...................................:............. ............................ 27 Note 7 -Long-Term Debt ....................................................... .................................... 28 Note 8 - Interfund Transactions ....................................................... .................................... 31 Note 9 -Commitments and Contingencies ...................................... .................................... 31 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 ................................................................................................. 32 ~~t~rP ~~~~e'n'a~tt~ ~~tnst ~~. An Independen4 CPA Firm 2301 Dupont Drive, Suite 200 Irvine, California 92612 949-4742020 ph 949-263-5520 fx www.mhm-pc.com Phe Board Members of The Redevelopment Agency of the City of Santa Monica, California INDEPENBE;i'T AUDITORS' REPORT We have audited. the accompanying financia] statements of the governmental activities and each major fund. of the Redevelopment Agency of the City of Santa Monica, California (the Agency), a financial reporting component unit of the City of Santa Monica, California, as of and for the year ended June 30, 2009, which collectively comprise the Agency'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 financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to fmancial audits contained in 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 the accounting principles used and significant estimates made by management, as well as evaluating the overafl fnancial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In otn- opinion, the 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, 2009 and the respective chuiges in financia( position for the year then ended in conformity with accounting principles generally accepted in the United States of America. The infomlation identified in the accompanying table of contents as MarzagemenCs Discussion and Analysis is not a required part of the basic financial statements, but is supplementary information required. by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of meastuement and presentation of the required supplementary information. However, we 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 18, 2009 on our consideration of the Redevelopment Agency of the City of Santa Moniea's internal control over financia] reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financia] reporting or on compliance. Thaf report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. ~~~~o~--~t~f s~-a~,~.. /Y7e Cam,. f' ~ . Irvine, Califorlia November 18, 2009 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Management's Discussion and Analysis Year Ended June 30, 2009 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, 2009. 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, 2009 ("current fiscal year") by $165.1 million. Of this amount, $89.2 million are capital assets, net of related debt, $45.4 million is restricted for use as specified by entities outside the agency, $6.2 million is restricted for the payment of debt service and $24.3 million is unrestricted for use in accordance with finance-related requirements reflected in the Agency's fund structure. The Agency's net assets increased by $17.3 million during the fiscal year. At the end of the fiscal year, the Agency's governmental funds reported combined ending fund balances of $120.5 million, an increase of $13.7 million from the prior year. The Agency's investment in capital assets increased by $17.3 million. Please see further detail of capital assets on page 7. The Agency's total debt increased by $12.8 million during the current fiscal year. Please see further detail of long-term debt on 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-Wide Financial Statements The agency-wide ftnancial 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, increases or decreases in net assets may serve as a useful indicator to determine whether the financial 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 2 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Management's Discussion and Analysis, (continued) 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. 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 redevelopment 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 are groupings (funds), used to maintain control over resources that have been segregated for specific activities or objectives. The Agency, like state and local 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 on 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-tern impact of the agency's near-teen financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide reconciliation to the agency-wide financial statements on pages 12 and 14 to facilitate this comparison between governmental funds and governmental activities. The Agency maintains seven individual governmental funds. 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. The governmental 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 15 - 31 of this report: REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Management's Discussion and Analysis, (continued) Agency-Wide Financial Analysis Our 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 Activities (in millions) Current and other assets Capita] assets, net Total assets. Current and other liabilities Long-term liabilities Total liabilities Net assets Invested in capita] assets, net of related debt Restricted Unrestricted Total net assets 2009 2008 Change $ 128.6 114.8 13.8 159.7 142.4 17.3 288.3 257.2 31.1 41.1 40.2 0.9 82.0 69.2 12:8 123.1 109.4 13.7 89.2 65.7 23.5 51.6 43.0 8.6 24.3 39.1 (14.8) $ 165.1 147.8 17.3 As noted earlier, 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 $165.1 million at the close of the most recent fiscal year. By far the largest portion of the Agency's liabilities reflects its bonded indebtedness, totaling $69.3 million. The Agency, operating under California Redevelopment Law, must maintain indebtedness in excess of its available revenues to legally receive property tax increment revenue. Capita] assets increased by $17.3 million primarily due to the continued seismic retrofitting activities of parking structures numbers four, seven and eight fapade improvements on parking structures one through six and various affordable housing acquisitions and the Palisades Bluffs project construction. The increase in current and long-term liabilities was due to line of credit draws partially offset by debt service payments. 4 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Management's Discussion and Analysis, (continued) Governmental Activities Governmental activities increased the Agency's net assets by $17.3 million. Key elements of this increase are as follows: Agency Changes in Net Assets -Governmental Activities (in millions) 2009 2008 Change Revenues Program revenues Charges for services $ 0.1 0.1 0.0 General revenues Property tax increment 54.3 5 ] .3 3.0 Investment income 2.9 2.9 - Miscellaneous 0.5 2.3 (1.8) Total revenues 57.8 56.6 1.2 Expenses Housing and community development 36.2 21.4 14.8 Interest on long-term debt 4.3 4.7 (0.4) Total expenses 40.5 26.1 14.4 Increase in net assets ] 7.3 30.5 (13.2) Net assets- beginning of year 147.8 117.3 30.5 Net assets -end of year $ 165.1 147.8 17.3 Property tax increment revenues net of passthroughs of $54.3 million are the Agency's major source of revenue. This revenue increased by $3.0 million or 5.8% from the prior year due to property tax increment revenues from an increase in assessed values. Investment earnings of $2.9 million were received from investments of available funds. 5 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Management's Discussion and Analysis, (continued) Redevelopment activities expenses of $36.2 million shown on the statement of activities consists of: Agency Redevelopment Activities (in millions) Redevelopment and public improvement project operating costs $ 5.5 Redevelopment and public improvement project costs 12.0 Low and moderate housing projects 16.5 Depreciation and amortization 2.2 Total redevelopment activities expenses $ 36.2 Redevelopment and public improvement project operating costs of $5.5 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 City of Santa Monica 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 public improvement costs of $12.0 million 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. Additional expenses are $4:2 million expended at 914 4"' St. and $2:4 million at 1458 14`h St. Low and moderate housing project expenditures of $16.5 million are primarily comprised of $2.0 million expended at 430 Pico, $2.0 million at 1513 Centinela, $5.2 million at 2602 Broadway and $3.7 million at 2802 Pico. Financial 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, 2009, the Agency's governmental funds reported total ending fund balances of $120.5 million, which is an increase of $13.7 million from the prior year. The fund balance of $43.9 million is reserved to indicate that it is not available for new spending. It is comprised of $6.2 million for debt service and $37:7 million for notes receivable. The fund balance of $60.7 million is designated for continuing capital projects. The remainder of the fund balance, $]5.9 million, is unreserved, undesignated. REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Management's Discussion and Analysis, (continued) The key element of the $13.7 million increase in fund balance from the prior year was primarily due to reduced expenditures over the previous year. Major Funds The Downtown Project low/mod housing fund balance increased by $0.1 million primarily due to increased property tax increment revenues. The Downtown Project fund balance increased $0.3 million primarily due to increased property tax increment revenues and decreased housing and community expenditures. The Earthquake Recovery Project Low/Mod Housing fund balance increased $9.3 million primarily due to increased property tax increment and decreased project expenditures. The Earthquake Recovery Project fund balance increased $5.3 million primarily due to an increase in properly tax increment of $4.8 million, decreased project expenses of $23.6 million and increased passthrough payments to other agencies of $2.8 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 higher project expenditures. The Ocean Park Project fund balance decreased $0.5 million due to increased project expenditures. The Debt Service fund balance decreased by $1.1 million primarily due to discontinuation of transfers from the Downtown Project area as the Downtown Lease Revenue Bonds have been paid off. Capital Asset and Debt Administration Capita[ Assets The Agency's investment in capita] assets for its governmental activities as of June 30, 2009 amounts to $159.7 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) 2009 2008 Land $ 103.8 98.1 Buildings, parking structures, and improvements 58.6 41.6 Improvements other than buildings 10.8 10.9 Construction in progress 5.4 9.3 Subtotal 179. ] 159.9 Less accumulated depreciation (19.4) (17.5) Total $ 159.7 142.4 7 REDEVELOPMENT AGENCY OF TFIE CITY OF SANTA MONICA Management's Discussion and Analysis, (continued) Significant capital projects included the continued expenditures for seismic retrofit design of parking structure four, seven and eight expenditures at various low/moderate income housing projects. Long-Term Debt At the end of the current fiscal year, the Agency had total bonded debt of $69.3 million. The bonds are secured solely by specified revenue sources. The Agency's total debt increased by $12.6 million or 12.3% during the current fiscal year. The increase was primarily due to draws on the Low/Mod Earthquake Redevelopment Project area of $15.4 million offset by scheduled debt service payments on the Downtown Redevelopment Project, Earthquake Recovery Project and Ocean Park Redevelopment Project outstanding obligations.. Time limitations on incurring debt are as follows: Project area Ocean Park IA Ocean Park 1B Downtown Earthquake Recovery Time limitation to incur debt January 1, 2004 January 1, 2004 None 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: Ocean Park 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 liabilities 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 standard 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'h 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 (wwwsmgov.net). THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Statement of Net Assets June 30, 2009 Assets Cash and investments (note 2) $ 77,996,333 Cash and investments with fiscal agents (note 2) 6,913,543 Interest receivable 517,043 Property tax increment receivable 4,030,225 Unamortized bond issuance costs, net 1,458,735 Notes receivable, net (note 3) 37,638,120 Prepaid expenses 7,993 Capital assets, not being depreciated (note 5): Land 103,790,524 Construction in progress 5,910,666 Capital assets, being depreciated net of accumulated depreciation (note 5): Buildings 48,120,422 Improvements other than buildings 1,881,453 Total assets 288,265,057 Liabilities Accounts payable and other liabilities 1,841,873 Accrued interest payable on bonds 1,697,233 Due to other agencies 4,737,157 Noncurrent liabilities (note 7): Due within one year 32,819,662 Due in more than one year 82,033,794 Total liabilities 123,129,719 Net assets Invested in capital assets, net of related debt 89,161,682 Restricted: Low- and moderate-income housing 45,391,753 Debt Service 6,245,586 Unrestricted 24,336,317 Total net assets $ 765,135,338 See accompanying notes to basic financial statements. THE REDEVF,LOPMENT AGENCY OF THE CITY OF SANTA MONICA Statement of Activities Year Ended June 3Q 2009 Functions/programs: Govemmental activities: Housing and community development Interest on long-term deb[ Total governmental activities General revenues: Property tax increment Investment income Miscellaneous Total general revenues Change in net assets Net assets -beginning of year Net assets -end of year See accompanying notes to basic financial statements. Ne[(expense) revenue Program Revenues and changes Charges Operating Grants Capital Grants ih net assets Expenses for Services and Contributions and Contributions Total $ 36,207,025 ]34,258 - - (36,072,767) 4,341 903 (4,341,903) 40,548,928 134,258 (40,414,670) 54,251,231 2:911,577 538,452 57,701,260 17,286,590 147,848,748 $ 165,135,338 ]0 THE REDEVELOPMENT AGENCY OE THE CITY OF SANTA MONICA Balance Sheet-Governmental Funds June 30, 2009 Assets Cash and investments Cash and investments with fscal agents Interest receivable Property tax increment receivable Nrtes receivable Prepaid expenses Total assets Liabilities and Fund Ralances Liabilities: Accounts payable and accrued liabilities Due to other agencies Total liabilities Capital projects Earthquake Downtown Recovery Ocean Park Redevelopment Redevelopment Redevelopment Earthquake Project Project Project Downtown Recovery Ocean Park Debt Service Low/Mod Low/Mod Low/Mod Redevelopment Redevelopment Redevelopment Redevelopment Housing Horsing Housing Project Project Project $ - 251,217 .10,740,771 1,126,244 2,584,251 59,462,011 3,831,839 6,245,586 - - 113,949 - - 554,008 - 5,781 92,074 - 20,223 364,435 34,530 - 24,343 630,120 126,970 97,373 2,644,537 506,882 - 1,984,354 29,791,996 826,375 1,923,000 716,669 2,395,726 - - 344 6,951 698 $ 6,245,586 2,265,695 41,254,961 2,193,538 4,625,191 63,194,603 7,323,683 $ - - 322,441 - 322 441 - 1,579,432 - _ 4 737,157 6,256,589 Fund balances: Reserved for debt service 6,245,586 - - - - _ _ Reserved for notes receivable - 1,984,354 29,791,996 826,375 1,923,000 716,669 2,395,726 Reserved for other assets - - - - 344 6,9SI 698 Designated for continuing capital projects - 281,341 11,140,524 1,367,163 7,452,074 45,530,778 2,665,255 Unreserved, undesigna[ed -capital projects funds - - - - 1,249,773 10,683,616 2,262,004 Total fund balances 6,245,586 2 265,695 40,932,520 2,193,538 4,625,191 56,93$014 7,323,683 Total liabilities and fund balances $ 6 245 586 2,265,695 41,254,961 2,193 538 4,625,191 63 194,603 7,323,683 Total governmental funds .77,996,333 6,913,543 517,043 4,030,225 37,638,120 7,993 127,103,257 1,841,873 4,737,757 6,579,030 6,245,586 37,638,120 7,993 62,437,135 14,195,393 120,524,227 127 103 257 See accompanying notes to basic financial statements. THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets Tune 30, 2009 Total fund balances-governmental funds $ 120,524,227 Amounts reported for governmental activities in the statement of net assets are different because: Capital assets used in governmental activities that are not spendable current financial resources and, therefore, are not reported in the balance sheet of governmental funds. 179,113,957 Accumulated depreciation (19,410,892) Bond issuance costs are expended in governmental funds when paid and are capitalized and amortized over the life of the corzesponding bonds for purposes of the statement of net assets. Deferred charges net of accumulated amortization ],458,735 Long-term liabilities aze not due and payable in the curent period and, therefore, are not reported in the balance sheet of governmental funds: Tax allocation bonds, net $ (69,348,470) Advances from the City of Santa Monica (30,079,662) (99,368,132) Line of credit liabilities are not due and payable in the torrent period and, therefore, are not reported in the balance sheet of governmental funds: (15,485,324) Interest payable on long-term debt does not require the use of current financial - resources and, therefore, interest payable is not accrued as a liability in the balance sheet of governmental funds. (1,697,233) Net assets of governmental activities $ 165,135.338 See accompanying notes to the basic financial statements. 12 THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Seatement of Revenues, Expeuditures, and Changes in Fund Balances Governmental Funds Year Ended,Iune 3Q, 2009 Revenues: Property tax increm¢nt. Investment income Rental income Other Total revenues Expenditures: Curtent Housing and community development Passthrough payments Debt service: Principal Interest and others charges Total expenditures Exoess (deficiency)of revenues (under)ezpenditures Other financing sources (uses): Proceeds of advances Transfers in (note 8) '. Transfers out (note 8) Proceeds from line of credit draws Total other financing souces (uses) Net change in fund balances Fund balance: Beginning of year '. End of year See accompanying notes to basic financial statements. Capital protects Earthquake Downtown Recovery Ocean Park Redevelopment Redevelopment Redevelopment Earthquake Project Project Project Downtown Rewvery Ocean Park Total Debt Service Low/Mod Low/Mod Low/Mod Redevelopment Redevelopment Redevelopment governmental Redevelopment Housing Housing Housing Protect Protect Project Ponds $ - 199,288 13,250,221 808,361 797,550 53,000,885 3,233,444 71,289,749 99,723 79,178 439,172 77,225 92,295 2,085,633 765,011 2,911,577 - - - - 134,258 - 134,258 - - 125,582 - 7,560 395,658 9,652 538,452 9Q 123 218,406 13,814,975 S1Q58fi 897,405 55,616,434 3,408,107 74,874,036 - 158,000 1$916,898 205,429 630,319 29,641,317 2,581,237 52,133,200 -' - - - - 17,038,515 - 17,038,515 3,790,000 - - - - 3,790,000 3,480,139 - 175,861 - 560,691 213,431 4,430,122 7,270,139 158,000 79,092,759 205,429 1191010 - 46,679832 2794668 77,391,837 (7,171,016) 60,406 (5,277,784) 614,157 (293,605) 8,936,602 613,439 (2,517,807) - - - 560,691 - 213,431 774,122 6,095,284 - - - - 6,095,284 - - (874,088) (313,475) - (3,574,706) (1,333,015) (6,095,284) - - 15,485,324 - 15,485,324 6,095 284 - 14 611 236 (313,475) 560,691 (3,574,706) (1,779,584) 16,259,446 (1,075,732) 60,406 9,333,452 300,682 267,086 5,361,896 (506,145) 13,741,645 7,321,318 2,205,289 31,599,068 1,892,856 4,358,105 51,576,118 7,829,828 106,782,582 $ 6,245 586 2,265,695 40,932520 2,193 538 4,625 191 56 938 014 7,323,683 120,524,227 THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Reconciliation of [he S[ammem of Revenues, Expendimres, and Changes in Fund Balance ro the Statement of Activities Year Ended June 30, 2009 Net change th Cund balance-govemmental funds Amomrts reported for governmental activities in the statement of activities are different because: Govemmental funds report capital outlays az expenditures. However, th the smremmrt of activities the cost of tlrese assets are allocated over their estimated useful lives and reported as depreciation expense The components of capital outlay related costs not reported in [he statement o£activities for dre evrtcnt period are azfollows- Costs capitalized related ro accumulated redevelopment project costs Depreciation expense Bond issuance wets are expwded in govemmental funds when paid, however, are capitalized and amortized over fhe life of the corresponding deb[ for [he purposes of the statement of activities. Current year amortization. Repawnen[ of long-tertn debt principal is reported as an expenditure in govemmental funds and, tlms, has the effect of reducing fund balance because torten[ financial reaomces bane been used. However, [he principal payments reduce the liabilities iv the statement of net asse6 and do not result in an expense in the statement of activities. The Agency's long-term debt was reduced because principal payments were made to bondholders: Tax allocation bonds Revenue bonds Draws on the line of credit are reported as other sources th the govemmental funds. However the draws increase liabilities in the statement of net assets and do no[ result in revenue iv the statement of activities Advances and repeymem of advances are mported as a revwues and expenditmes in govemmental funds and, ~fius, fias the effect of reducing fwd balance because current financial resources have been used. Havener, advances and repayment oC advances increase/reduce the liabilities th the statement of net assets and done[ mwl[ in ivwme/espense in the statement of activities. The Agency's advances were increased/reduced because of the net advances/payments made to the note holder: Advances from [he Ciry of Santa Monica Acemed interest expense on long-term debt is reported in dre sm[emevt oCaclivities bra does not require [he use of curtent financial resources. Amomzation of bond premiums, discounts and deferred amounts on refunding are expensed az a' component of interest expense on the sm[emem oC activities. This arneunt represents the net accmed interest expense and the mnortizaton of bond premiums, discounts and deferzed amounts on refunding not reported in govemmenml Ponds. Decrease in accmed interest expense Amortization of bond premium/discount Amortization of deferzed amounts upon refunding Receivable and related deferred revenue m a capitalized lease was reduced in [he Cund tinaneisl sm[emen6 by offsetting each other. Since the revenue was already recognized for Agency wide financial smrement purposes, the remaining receivable expensed m housing and community development Expendimre recorded iv the current year in the Lvvd financial statements Gunge in vet assets of govmmmental activities See awompanying notes to basic financial smtetnents. S 19,234,6']0 (1,917,010) 2,G"IO,OOC I Izo Ooo 85,6"10 2,546 (181,459) $ 13,'141 645 1],31],660 (90,026) 3,990,000 Q 5,485,324) (9]4,122) (93,243) (1,120,000) S l4 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 (1) Summary of Significant Accounting Policies The basic financial statements of the Redevelopment Agency of the City of Santa Monica ("Agency") have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard 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 finances redevelopment projects through the issuance of tax allocation bonds. These bonds are payable from the incremental portion. of property taxes collected within a project area relating to an increase irr 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 Redevelopment 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°a Street to the west. Complete in 1980, the project consists of Santa Monica Place; a retail center containing approximately 570,000 square feet of floor area, including one major department store and approximately 65 specialty retail shops/food 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 mall closed for extensive remodeling in 2008 with an anticipated grand reopening in 2010. Earthquake Recovery Redevelopment Project The City Council adopted the Redevelopment Plan for the Earthquake Recovery Project on June 21, 1994. The project is 2.9 square miles bounded to the east by Cloverfield Boulevard and 26"' 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 predominantly damaged in the January 1994 Northridge earthquake. Approximately 90% of all red tagged and 60% of all yellow tagged buildings in the City were in the project area. To 15 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 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 1B. The City Council adopted the Redevelopment Plan for the Ocean Park Redevelopment Project 1 A 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 Park Boulevard to the north, Nielson Way to 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 1980 and phase two was completed in 1987. The project contains two 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 1967, with subsequent amendments on January 26, 1965 September 12, ]972, which were .implemented in order to within the project area. The project area consists of 8 Redevelopment project lA to the north, Nielson Way to the and both the State beach parking lots and the beach itsel completed in 1983. Ocean Park 1B on January 24, July 13, 1971, and again on change the permitted land uses acres bounded by Ocean Park east, the City limit to the south f to the west. The project was 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 incurred by January 1, 2004. Additionally, plan activities for 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 Redevelopment project was eliminated by ordinance on January 13, 2004. Plan activities for the project area are to cease by January 13, 2019 and the time limit for receiving property tax increment and paying off debt for the project area is January ] 3, 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 the time limit for receiving property tax increment and paying off debt is June 21, 2042. 16 REDEVELOPMENT AGENCY OF THE CTTY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 Local funds are provided principally from properly tax increment and rentals for parking 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 of Accounting 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 financial 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 governmental 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 are recorded when a Jiability 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 long-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: Invested in Canital Assets, Net of Related Debt: This category groups all 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 regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation. 17 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to- Basic Financial Statements Year Ended June 30, 2009 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 current 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 recorded 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 finance 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 are 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 governmental funds are also reported on their balance sheets and are offset by deferred revenue or fund balance reserve accounts. Statements of revenues, expenditures, 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. (d) 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 Low/Mod Housing, Ocean Park 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. The Redevelopment Debt Service Fund is used primarily to account for repayment of principal and interest on long-term indebtedness of the Agency. (e) Lzvestments Investments are stated at fair value and generally consist of federal government-backed 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 18 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 investment decisions are made by the City Director of Finance bas ed 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 are stated at fair value. Fair value is determined based upon market closing prices or bidlasked prices for regularly traded securities. The fair value of mutual funds, government-sponsored investment pools and other similar investments are 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 year 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 prior year. (~ Long-Term Luzbiluies In the Agency-wide financial statements, long-term debt and other long-term liabilities are reported as liabilities in the statement of net assets. In the fund financial statements, governmental fund types recognize bond premiwns 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 are 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 Tax Increment Revenues Properly 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 year prior to the establishment of a redevelopment project area. 19 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 (h) Low- and Moderate-Income Housing 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 June 30, 2009, the net cumulative unspent low- and moderate-income housing set 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. (i) Use of Estimates The preparation 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 results could differ from those estimates. (j) Capital Assets Capital assets are recorded at cost where historical records aze available and at an estimated historical cost where no historical records exist. Contributed capital assets are 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 five years. 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: Assets Years Building, parking structures and improvements 20 to 50 Improvements other than buildings 20 to 30 Machinery and equipment 5 20 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 (2) Cash and Investments Cash and investments as of June 30, 2009 are classified in the accompanying financial statements as follows: Statement of Net Assets: Cash and investments $ 77,996,333 Cash and investments with fiscal agent 6,913,543 Total cash and investments $ 84,909,876 Equity in the cash and investment pool of the City of Santa Monica The Agency has no separate bank accounts or investments other than investments held by bond trustee and the Agency'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- rata 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. Detailed information concerning the City's .pooled cash and investments, including interest rate risk, credit risk, and concentration of credit is addressed in the City's Comprehensive Annual Financial Reports for the year ended June 30, 2009. Investments Authorized by Debt Agreements Investnent 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 TAE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 Maximum Maximum Authorized Maximum Percentage Investment Investment Type Maturity Allowed m 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 ]year None None Pre-refunded Municipal Obligations None None None Commercial Paper 270 days None None Money Market Mutual Funds None None None investment Contracts 30 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 about the sensitivity of the fair values of the Agency's investments held by bond trustee to market 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: Investment Held by bond trustee: Money market funds U.S. agency securities Tota] Remaining Maturity (in Months) 12 Months 13 to 24 or less Months 25-60 More than Months 60 Months $ 5,]65,191 1,748,352 $ 6,913,543 - - 22 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 Disclosures Relating to Credit Risk Generally, credit risk is 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 nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code, the City'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 $ S,I65,191 AA S,I65,191 U.S. agency securities 1,748,352 N/A t,748,352 Total $ 6,913,543. 6,913,543 Concentration of Credit Risk 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 government, discretely presented component unit, governmental activities, major fund, nonmajor funds in the aggregate, etc.) are as follows: Issuer Investment Type FNMA U.S. agency securities Custodial Credit Risk Reported Amount 1,748,352 The Agency does not have significant separate 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 terms of the applicable trust agreement, acquires the investment, and holds the investment on behalf of the reporting government. 23 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 (3) Notes Receivable Balance at Balance at July 1, 2008 Increases Decreases June 30, 2009 Redevelopment Activities Community Corporation of Santa Monica (a) $ 2,900,000 - - 2,900,000 Habitat for Humanity - -Los Angeles (b) 575,000 - (575,000) - Community Corporation of Santa Monica (c) 5,408,033 - - 5,408,033 Step Upon Fifrh L.P. (d) 5,870,000 - - 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 2,388,587 - 5,122,218 Community Corporation of Santa Monica (h) - 5,226,343 - 5,226,343 Community Corporation of Santa Monica (i) - 2,044,914 - 2,044,914 Community Corporation of Santa Monica (j) - 3,665,855 - 3,665,855 FAME Santa Senior Apts (k) - 3,120,000 - 3,120,000 Investment Activities City of Santa Monica (I) 6,500,000 - (6,500,000) - Total notes receivable $ 28,267,421 16,445,699 (7,075,000) 37,638,120 a. A protnissory 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 Fifreenth Street. This loan was for the acquisition of land and predevelopment expenses for future low/moderate income housing. This was anon-interest bearing 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 $2,900,000, 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, 2009, $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 build up to six new ownership units that will be sold to very low income buyers. This is a non- 24 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 interest bearing loan with the principal amount due and payable after atwo-year deferral period. During the fiscal year ended June 30, 2009 Habitat requested that Agency take back the property and extinguish the note leaving a zero balance on the note as of June 30, 2009. 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 26th Street. This loan is for the acquisition of land and predevelopment expenses for a 40-unit income housing development. This was anon-interest bearing 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, 2009, $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 predevelopment expenses of a surface parking lot where Step Up will build up to 46 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, 2009, $5,870,000 had been disbursed to the borrower. e. The Redevelopment Housing Trust Fund, formerly known as "CHARP" 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, 2009, loans totaling $46,250 are outstanding. f 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 8609 or the issuance of a certificate of occupancy, and changed the interest rate to 3%. At June 30, 2009, $4,234,507 had been disbursed to the borrower. 25 REDEVELOPMENT AGENCY OF TIIE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 g. A promissory note dated February 13, 2007, in the amount of $3,120,000, was executed with Santa Monica Housing Partners for an Affordable Housing Project located at 1458 14`h Street. This loan is for the acquisition and predevelopment expenses to construct 20 new rental units for very low income and low income seniors. This is a non- interest bearing loan and is due and payable after atwo-year deferral period. At June 30, 2009, $5,122;218 had been disbursed to the bon~ower. A promissory note dated December 23, 2008, in the amount of $6,582,323, was executed with Community Corporation of Santa Monica for an Affordable Housing Project located at 2602 Broadway. This loan is for the acquisition and predevelopment expenses to construct approximately 33 two- and three-bedroom units for very low- and low-income families with 56 subterranean parking spaces. This is a non- interest bearing loan and is due and payable after a two-year deferral period. At June 30, 2009, $5,226,343 had been disbursed. to the borrower. A promissory note dated January 1-2, 2009, in the amount of $3,720,204, was executed with Community Corporation of Santa Monica for an Affordable Housing Project located at 430- 508 Pico. This loan is for the acquisition and predevelopment expenses to construct 32 - 2 and 3 bedrooms with very low to low income units. This is a non- interest bearing loan and is due and payable after atwo-year deferral period. At June 3Q 2009, $2,044,913 had been disbursed to the borrower. A promissory note dated February 2, 2009, in the amount of $5,595,897, was executed with Community Corporation of Santa Monica for an Affordable Housing Project located at 2802 Pico. This loan is for the acquisition and predevelopment expenses to construct approximately 30 two- and three-bedroom units for very low and low-income families. This is a non- interest bearing loan and is due and payable after atwo-year deferral period. At June 30, 2009, $3,665,855 had been disbursed to the borrower. k. Apromissory note dated January 16, 2009, in the amount of $4,424,711, was executed with FAME Santa Monica Senior Apartments, LP for an affordable housing project located at 1754 19`h Street. This loan is for the acquisition and predevelopment expenses to construct 49 units of very low income seniors housing units. This is a non- interest bearing loan and is due and payable after atwo-year deferral period. At June 30, 2009, $3,120,000 had been disbursed to the borrower: 1. 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 on City funds calculated quarterly. The note was repaid during the year ended June 30, 2009 26 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 (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 lease extends for a period of 35 years or repayment of the bonds issued to finance construction of the Parking Facility, whichever occurs earlier. Upon termination of the lease, ownership of the Parking Facility will restwith the City. Such lease meets the criteria of a capitalizable financing lease: At June 30, 2009, the lease has been paid off. (5) Capital Assets A summary of changes in the Agency's capital assets for the fiscal year ended June 30, 2009, is as follows: Beginning Balance Increases Nondepreciable: Land Construction in progress Depreciable: Building, parking structures, and improveriten[s Improvements other than buildings Machinery and equipment Total historical cost Accumulated depreciation: Building, parking structures, and improvements Improvements other than buildings Machinery and equipment Total accumulated depreciation Total 98,087,470 5,703,054 9,293,513 6,428,915 41,650,585 16,914,433 10,841,446 - Ending Decreases Balance - 103,790,524 (9,811,762) 5,910,666 - 58,565,018 - 10,841,446 6,303 - - 6,303 159,879,317 29,046,402 (9,811,762) 179,113,957 (8,661,117) (8,826,462) (6,303) (17,493,882) $ 142,385,435 (1,783,479) (133,531) (1,917,010) 27,129,392 (9,811,762) (10,444,596) (8,959,993) (6,303) (19,4]0,892) 159,703,065 Depreciation expense in the amount of $1,917,0]0 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 bf six downtown parking structures with related land for $60.0 million. The related promissory note, secured by a deed of trust, calls for annual principal payments of $2.0 million for 30 years with interest. The promissory note was 27 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 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 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 interfund transfers on the financial statements of the two component units. At June 30, 2009, $49.3 million plus interest remained due under the agreement. Also as part of the agreement, an additional $60.0 million has been committed by the Agency to make seismic repairs to the parking structures. (7) Long Term Debt A summary of the changes in the long-term liabilities of the Agency excluding advances from the City of Santa Monica and a li ne of credit of $15,4 85,324 for the year ended June 30, 2009 is as follows: Downtown Earthquake Ocean Park Redevelop- Recovery Redevelop- mentProject Project mentProject Bonds Payable Bands Bonds -Bonds Total Beginning balance $ 1,120,000 60,965,000 14,605,000 76,690,000 Debt retired (1,120,000) (1,615,000) (1,055,000) (3,790,000) Total bonds payable - 59,350,000 13,550,000 72,900,000 Premium on bond issue, net - 31,062 25,288 56,350 Discount of bond issue, net - (161,667) - (16],667) Deferred loss on refunding, net - (3,305,532) (140,681) (3,446,213) Ending balance - 55,913,863 13,434,607 69,348,470 Due within one year $ - 1,705,000 1,095,000 2,800,000 Bonds Payable 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 1992 Downtown Project Bonds. Secured by Downtown Redevelopment Froject lease revenue. On May 2, 2002, the Redevelopment Agency issued $19,315,000 of Ocean Park refunding and new money bonds bearing interest at 5.03% to defease the outstanding 1992 Ocean Park Project Bonds 28 REDEVELOPMENT AGENCY OF TAE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 and to provide funds for new low/moderate income projects. Secured by Ocean Park Redevelopment property tax increment revenues. On April 27, 2006, the City issued $64,720,000 of Earthquake Redevelopment Project refunding bonds bearing interest from 4.00% to 5.5% to advance refund the outstanding ]999 Earthquake Redevelopment Project. Secured by Earthquake Recovery Redevelopment Project property tax increment revenues. Debt service requirements for the Agency's bonds at June 30, 2009 are as follows: Earthquake Recovery Project Bonds Principal Interest Total Fiscal year ending June 30: 2010 2011 2012 20]3 2014 1;705,000 1,795,000 1,900,000 2,005,000 2,115,000 12,105, 000 14,915,000 18,560,000 4,250,000 $ 59,350,000 2,697,681 2,601,43 I 2,499,819 2,392,431 2,279,995 8,125, 899 7,641,594 4,080,590 396,094 32,715,534 4,402,681 4,396,431 4,399,819 4,397,431 4,394,995 20,230,899 22,556,594 22,640,590 4,646,094 92,065,534 2015 - 2019 2020 - 2024 2025 - 2029 2030 - 2032 Total Fiscal year ending June 30: 2010 2011 2012 2013 2014 2015 - 2019 Total Ocean Park Project Bonds Principal Interest 1,095,000 1,145,000 1,195,000 1,250,000 1,310,000 7,555,000 $ 13,550,000 626,629 578,170 525,495 468,635 407,820 980,190 3,586,939 Total 1,721,629 1,723,170 1,720,495 1,718,635 1,717,820 8,535,190 17,136,939 29 REDEVELOPMENT AGENCY OF TFIE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 Advances Payable In addition, the Agency is indebted to the City of Santa Monica for the following advances, with interest at varying rates per annum accruing on principal only. These notes were for a period of one year. At the end of that period, the notes were reissued, with accrued interest, for aone-year period. On 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, 2009: Advance payable to Dovmtown Redevelopma~t Prajec[ Capital PmjectFUnd: Ciry of Santa Monica General Fund City ofSanta Monica General Fund Earthquake Recovery Redewloprrent Project Capital Pmject Fund: City of Santa Monica Miscellaneous Grants Fund City ofSan[a Monica CDBG Special Revenue Fund Balance at Principal June 30, 2188 add'dion $ 1,506,878 50,480 17,902,136 510271 19,409,014 560,691 3, 118,900 346,552 3,465,452 Prindpal Balance at reduction June30, 2819 - 1,557,358 18,412347 19,969,705 - 3,11$900 - 346,552 - 3,465,452 Owen Pad; Redevelopment Proj ec[ Capital PmjectFUnd: Ciry ofSan[a Monica CDBG Spwial Revenue Fund City of Santa Monica CDBG Special Revenue Fund Total advances payable to the Ciry of Santa Monica 5,660309 189,620 5,849,929 710,765 23,811 734,576 6,371,074 213,431 - 6,584,505 $ 29,24540 774,122 30,019,662 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, 2009 are non-interest bearing. Line of Credit On May 1, 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%. The line is secured by future property tax increment revenues of the Earthquake Recovery Redevelopment Project Low/Mod housing fund subordinating to the bonded indebtedness of the fund. As of June 30, 2009, $15,485,324 had been drawn on the line which is due on June I, 2013 and has been included in noncurrent liabilities due in more than one year. Interest on the line was $175,861 which has been reported.as interest expense. 30 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2009 The above bonds, notes, line of credit 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 and line of credit covenants. (8) Interfund Transactions Transfers in (out) from other funds at June 30, 2009 are as follows: Transfers in for debt service payments Debt service fund $ 6,09584 Transfers out for debt service payments Earthquake Recovery Project Low/Mod Housing Fwd $ (874,088) Ocean Park Redevelopment Project Low/Mod Housing Fund (313,475) Earthquake Recovery Redevelopment Project (3,574,706) Ocean Park Redevelopment Project (1,333,015) $ (6,095,284) (9) Commitments and contingencies When adopting its budget for fiscal 2009-10, the State of California reflected in that budget a shift of a significant portion of tax increment revenue from redevelopment agencies to school districts for fiscal years 2009-10 and 2010-I 1. The California Redevelopment Association ("CRA") in conjunction with several members has filed a lawsuit challenging the legality of this tax shift. The outcome of that lawsuit is not certain at this time. The outcome of a similar budget shift from the 2008-09 budget year was that the courts ruled the shift unconstitutional after a successful CRA suit. The State declined to appeal the court ruling. 31 Rn independent CPA Firm 2301 Dupont Drive, Suite 200 Irvine, California 92612 949-474-2020 ph 949-263-5520 fx www.mhm-pacom Board of Directors Redevelopment Agency of the City of Santa Monica, California ER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMEP PERFORMED IN ACCORDANCE WITH GOVERNMENTAUDITINGSTANDARDS We have audited the financial statements of the governmental activities, each major fiord, 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, 2009, which collectively comprise the Agency's basic financial statements and have issued. our report thereon dated November 18, 2009. We conducted our audit in accordance with auditing standards generally accepted iu the United States of America and the standards applicable to financial audits contaiired in Government Auditing Standards, issued by the Comptroller General of the United States of America. Compliance and Other flatters As part of obtaining reasonable assurance about whether the Agency's financial statements are free of material misstatenrents, we perfarmed 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 include those provisions of laws and regulations identified in the Guidelines for Compliance Audits of Cal~otrzia Redevelopment Agencies, issued by the State Controller and as interpreted in the Sarggested Auditing Procedures for Accomplishing .Compliance Audits of California Redevelopment Agencies, issued b the Governmental .Accounting and Auditing Committee of the California Society of Certified Public Accountants. However, providing cal opinion on compliance with those provisions was not air 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 Standards. Internal Control Over Financial Reporting In planning and. performing our audit, we considered the City of 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 to for 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 effectiveness of the Agency's internal control over financial reporting. 32 Board of Directors Redevelopment Agency of the City of Santa Monica, California Page 2 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, ptroeess, 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 interval control. A material weakness is a significant deficiency, or combination of signifcant 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 all deficiencies in internal control 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. Irvine, California November 18, 2009 33 Attachment C State Auditor Controller's Report of Financial Transactions Fiscal Year 2008-2009 REDEVELOPMENT AGENCIES FINANCIAL TRANSACTIONS REPORT COVER PAGE Redevelopment Agency Of The City Of Santa Monica Fiscal Year: 2009 ID Number: 13981984500 Submitted by: Signature City Manager Title P. Lamont Ewell Name (Please Print) Date Per Health and Safety Code section 33080, this report is due within six months after the end of the fiscal year. The report is to include two (2) copies of the agency's component unit audited financial statements, and the report on the Status and Use of the Low and Moderate Income Housing Fund (HCD report). To meet the filing requirements, all portions must be received-by the California State Controller's Office. To file electronically: 1. Complete all forms as necessary. 2. Transmit the completed output file using a File Transfer Protocol (FTP) program or via diskette. 3. Sign this cover pageand mail to either address below with 2 audits and the HCD report. To file a paper report: 1. Complete all forms as.necessary. 2. Sign this cover page, and mail complete report to either address below with 2 audits and the HCD report. Report will not be considered filed until receipt of this signed cover page. Mailing Address: Express Mailing Address: State Controller's Office Division of Accounting and Reporting Local Government Reporting Section P. O. Box 942850 Sacramento, CA 94250 State Controller's Office Division of Accounting and Reporting Local Government Reporting Section 3301 C Street, Suite 700 Sacramento, CA 95816 RedeYebpment Agency Qf The Ctty Of Santa "Monica Redeveloprrlent /agencies Firiancial Tt~aneactioris Report General Information Fiscal Year 2009 Members of the Governing Body Mitldle last Name First Name Initial Chair erson p Genser ] Ken ~ I _ ~~ ~ Member -_ Shnver .._. __- _ _. - ~ (Bobby _, _ -- Member (Davis ._ __ 1 (Gleam J ___ __. Member ~O Connor ~ 'PI am I ~~.L J Member (Bloom _ __ ~ (Richard _ _ 1 Member McKeown _. _- __ 1 Kevin __ ~ ~ Member z:. Holbrook _ -._.._ ~ Robert _ _ __ - 1 u Member ~ ~ ~ Member ~ _____ ~ _.~ ~.II Member Mailing Address -- ._____ Street 1 p O. Box 2200 Street2 -- ~_-- _ -- _-~ _ _ Santa Monica State ~~CA ~ Zip 90401 2200 Phone (310) 458 2232 .. ~ ~ ~_; Is Address Changed? :ive Director Officer Firm Name Last First Middle Initial Street City State Zip Code Phone Last Name (Ewell ~ Swindell Stewart ~ Report Prepared By Chow __ -_- Randy T 1717 4th Street, Suite 250 ~anta Monica _~ CA _ 190401 ((310) 458-8253 First Name Middle phone Initial P Lamont _ rCarol ', ~~~ ~Mana __ ~I (310) 458 8301 _ _] li(310) 458 8281 _. ((310)458 8211 ___ _~ Independent Auditor Mayer Hoffman and McCann,. _. ~Dobrenen ~~- ' - Steven ~ _- ---- _. 2301 Dupont Drive, Suite 200 -- Irvine rCA_ f 92614 _ __, (949) 474 2020-_ - ' - _ ~ General Information Page 1 11/23/2009 Audit Information --- Fiscal Year 2009 Was the Report Prepared from Audited Financial Data, and Did You Submit a Copy of the Audit? Indicate Financial Audit Opinion If Financial Audit is not yet Completed, What is the Expected Completion Date? If the Audit Opinion was Other than Unqualified, State Briefly the Reason Given Was a Compliance Audit Performed in Accordance with Health and Safety Code Section $3080.1 and the State Controller's Guidelines for Compliance Audits, and Did You Submit a Copy of the Audit? Indicate Compliance Audit Opinion If Compliance Audit is not yet Completed, What is the Expected Completion Date? Unquallfied~ ..... _.. _._____- Yesl. Unqualified ---- - __~ Audit Information Page 1 11/23/2009 If compliance opinion includes exceptions, state the areas of non-compliance, and describe the agency's efforts to correct. Redtzvelopment Agency O# The';City Qf Santa Monica Project Area Report Fiscal Year 2009 Project Area Name Downtown Project Area Please Provide a Brief Description of - - the Activities for this Project Area _ During the Reporting Year. Forwarded from Prior Year? ~ Ye$ Enter Code for Type of Project Area Report p] Activity Report P =Standard Project Area Report _ -- A =Administrative Fund The Santa Monica Place shopping L =Low and Moderate Income Housing Fund M =Mortgage Revenue Bond Program center iscurrently undergoing O =Other Miscellaneous Funds or Programs S =Proposed (Survey) Project Area remodel and is anticipated to re- open summer of 2010. The lease Does the Plan Include Tax Increment Provisions? ~_,,,_, Yes revenue bonds were paid off in July Date Project Area was Established (MM-DD-VY) ~ 1/13/1976', 2008. Most Recent Date Project Area was Amended 7/1 1 /2 0 0 61 Did this Amendment Add New Territory? _ No', Most Recent Date Project Area was Merged ~ Will this Project Area be Carried Forward to Next Year? _ _ Yesj Established Time Limit Repayment of Indebtedness (Year Only) ~ 2029 Effectiveness of Plan (Year Only) ~ 20191 New Indebtedness (Year Only) Size of Project Area in Acres it 10 Percentage of Land Vacant at the Inception of the Project Area ~ Health and Safety Code Section 33320.1 (xx.x%) _.. Percentage of Land Developed at the Inception of the Project Area 100.0] _ Health and Safety Code Secfion 33320.1 (xx.x%) _ Objectives of the Project Area as Set Forth in the Project Area Plan ~, C,~ (Enter the Appropriate Code(s) in Sequence as Shown) R=Residential I=Industrial C=Commercial P=Public O =Other Project Area Report Page 1 11/23/2009 Redevelopment Agency Of TheiCity Of Santa Monica Project Area Report Fiscal Year 2009 Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Adiwty Report Inds were expentled on ongoing ismic retrofit of downtown area blic parking structures. Activities :luded: completing construction on seismic retroft and new >troom facilities at Parking ructure 4, located at 1321 2nd St. addition, significant facade provement work on Parking ructures 1, 2, 4, 5 8 6 was mpleted during FY 2008-09. irking Structures 7 & 8 provement Project received rastal Commission approval on rvember 14, 2008. Design velopment drawings were mpleted during FY 2008-09 and irk is anticipated to commence rly 2010. =_s Bluff Stabilization - On ' 9, 2008, the California lent of Transportation s) issued a Categorical >h determination for the satisfying NEPA. The project i Federal funding ation (E-76) and approval to e for construction from Project Area Name Forwarded from Prior Year ? Earthquake Recovery Project Area _. Enter Code for Type of Project Area Report P =Standard ProjedArea Report L =Low and Moderate Income Housing Fund O =Other Miscellaneous Funds or Programs Does the Plan Include Tax Increment Provisions? Date Project Area was Established (MM-DD-Y1~ Most Recent Date Project Area was Amended Did this Amendment Add New Territory? Most Recent Date Project Area was Merged Will this Project Area be Carried Forward to Next Year? Established Time Limit Repayment of Indebtedness (Year Only) Effectiveness of Plan (Year Only) New Indebtedness (Year Only) Size of Project Area in Acres _Y~s P~ A =Administrative Fund M =Mortgage Revenue Bond Program S =Proposed (Survey) Project Area Percentage of Land Vacant at the Inception of the Project Area Health and Safety Code Section 33320.1 (xx.x%) Percentage of Land Developed at the Inception of the Project Area Health and Safety Code Section 33320.1 (xx.x%) Objectives of the Project Area as Set Forth in the Project Area Plan (Enter the Appropriate Code(s) in Sequence as Shown) 2042! _: - 2027. it 20141 1,8511 ___ 1 O O 90.0 RICPO~I,, R=Residential I=Industrial C=Commercial P=Public O =Other Project Area Report Page 2 11/23/2009 RedeYelapment Agency Of TheCity Of Santa Monica Project Area Report Fiscal Year 2009 Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Activity Report ix allocation bond debt service was id with funds from the Ocean Park oject Areas. Funds were also used preserve the supply of low and ~derate income housing. One `ordable housing development was mpleted in the Ocean Park development Project Areas: 2211 i St. is an acquisition and habilitation development nsisting of a twenty-two (22) units ~@1-bdrm; 2@2- bdrm), two story ~artment building affordable to low :ome households. aside Project Area -With respect affordable housing production tside the project areas one velopment was completed: 2411- 23 Centinela is a new construction a thirty six (36) unit (18@2 bdrm; @3 bdrm), two story apartment ilding that will be affordable to ry-low and low income households. Project Area Name (Ocean Park Project Area I __ Forwarded from Prior Year ? Enter Code for Type of.Project Area Report P =Standard Project Area Report L =Low and Moderate Income Housing Fund O =Other Miscellaneous Funds or Programs Does the Plan Include Tax Increment Provisions? Date Project Area was Established (MM-DD-YYJ Most Recent,Date Project Area was Amended Did this Amendment Add New Territory? Most Recent Date Project Area was Merged A =Administrative Fund M =Mortgage Revenue Bond Program S =Proposed (Survey) Project Area li Yes ---- 1/24/19611 IL ~~ 7/11/2006 L NJ Will this Project Area be Carried Forward to Next Year? Established Time Limit Yesl __~ Repayment of Indebtedness (Year Only) 2022 Effectiveness of Plan (Year Only) ~ - 2p12~ New Indebtedness (Year Only) 2ppJ Size of Project Area in Acres '. gg I, Percentage of Land Vacant at the Inception of the Project Area ' _-. Heal[h and Safety Cade Section 33320.1 (xx.x%) Percentage of Land Developed at the Inception of the Project Area 100.0; Health and Safety Code Section 33320.1 (xx.x%) Objectives of the Project Area as Set Forth in the Project Area Plan R'i (Enter the Appropriate Code(s) in Sequence as Shown) R=Residential I=Industrial C=Commercial P=Public O =Other Project Area Report Page 3 11/23/2009 : RedeXeloprnen# Agency Of The City Qf Santa Monica; Assessed Valuation Data Fiscal Year 2009 Project Area Name Frozen Base Assessed Valuation Increment Assessed Valuation Total Assessed Valuation " (Downtown Projed Area '~, 3,687,360 121,359,354 (______125,046,714] Assessed Valuation Data Page 1 11/23/2009 Redevelopment Agency.0~ The City Of Santa Mianica,: Assessed Valuation Data Fiscal Year 2009 Project Area Name Frozen Base Assessed Valuation Increment Assessed Valuation Total Assessed Valuation ---- _ 'EarthquakeRecovery Project Area _. 3,861,449,7601 6 543,988 819 10,405,438,579 Assessed Valuation Data Page 2 11/23/2009 Redevelopment Agency Of The City Of Santa Monica Assessed Valuation Data Fiscal Year 2009 Project Area Name Frozen Base Assessed Valuation Increment Assessed Valuation Total Assessed Valuation (Ocean Park Protect Area ~__ 12_887 919.~i 382,030,276 394 918 195 ''~, Assessed Valuation Data. Page 3 11/23/2009 Fiscal Year Project Area Name Amounts Paid To Taxing Agencies Pursuant To: County Cities School Districts Community College District Special Districts Total Paid to Taxing Agencies Net Amount to Agency Gross Tax Increment Generated 2009__ __ -- _ _ _. _ Downtown Project Area Tax Increment Pass Through Detail H& S Code H& S Code H& S Code Total Section 33401 Section 33676 Section 33607 L.'_-~~~` ,.,.,, w,... ~~ ' ,_ .... $996,838... ~. ' _~..._ _.>~~u~u~ ~I ::._ ~._, ~~ -.996 838; Other Payments H S S Code H S: S Code Section 33445 Section 33445.5 Pass-Through /School District Assistance Page 1 11/23/2009 Pass-Through /School District Assistance Fiscal Year Project Area Name Amounts Paid To Taxing Agencies Pursuant To: County Cities School Districts Community College District Special Districts Total Paid to Taxing Agencies Net Amount to Agency Gross Tax Increment Generated 2009._ __ Earthquake Recovery Project Area __ Tax Increment Pass Through Detail H& S Code H& S Code H 8 S Code Section 33401 Section 33676 Section 33607 Other Payments Total H & S Code H & S Code Section 33445 Section 33445.5 10 209 783. $10,209 783 ~ '_~~; ~ , a., ~~w_-. ~i __rv J~~,,._..,... :.,,..... $49,212,591.... ~~~~~~ __a ~~ 66,251 106 ~, Pass-Through /School District Assistance Page 2 11/23/2009 Pass-Through /School District Assistance Fiscal Year Project Area Name Amounts Paid To Taxing Agencies Pursuant To: County Cities School Districts Community College District Special Districts Total Paid to Taxing Agencies Net Amount to Agency Gross Tax Increment Generated '.2009_ -_ _ Ocean Park Project Area -_ Tax Increment Pass Through Detail H& S Code H& S Code H& S Code Section 33401 Section 33676 Section 33607 Other Payments Total H& S Code H 8 S Code Section 33445 Section 33445.5 I .. _,~ ._;, ~ m-._,.- ._... . ,': ~u`' ;~w_~~ $4,041,805.. f : _._.~1~_ u~ .: .~I 4,047805' Pass-Through /School District Assistance Page 3 11/23/2009 Pass-Through /School District Assistance Recleve[Qptrient Agency Of The City Of S~nEa Nlan~ca , . Rtrcieuelopmen# Agencies F~nanaiai Trattisact~ons; l~epvit Summary of the Statement of Indebtedness -Project Area __ Fiscal Year 2009 Project Area Name Taz Allocation Bond Debt Revenue Bonds Other Long Term Debt City/County Debt l7owntgwh P~ojegt Brea Low and Moderate Income Housing Fund Other Total Available Revenues Net Tax Increment Requirements Summary of the Statement of Indebtedness -Project Area Page 7 11/23/2009 Redeuefopn7entRgency Q# The Gity 4f San#a Monica.. Redi~reiopmeit# Agencies Financial Trar-saetions ReRort Summary of the Statement of Indebtedness -Project Area Fiscal Year 2009 Project Area Name Tax Allocation Bond Debt Revenue Bonds Other Long Term Debt 92 065,534 City/County Debt 224,611,165 ___.._~ Low and Moderate Income Housing Fund 13,977,000 I~ Other '.. 20 097 OOOI' Total $350,750,699 Available Revenues !~ 105,713,197 '~, Net Tax Increment Requirements $245,037,502 Summary of the Statement of Indebtedness -Project Area Page 2 11/23/2009 Fiscal Year 2009 Project Area Name Tax Allocation Bond Debt L 13,709,551 Revenue BOnds f_ --_ ', Other Long Term Debt L _. City/County Debt ~-- - - 8,151,621 ~'. ~ Low and Moderate Income Housing Fund ~ 1,074 228 'I Other Total $22,935,400 Available Revenues '. 13,152,3231 Net Tax Increment Requirements $9 783,077 Summary of the Statement of Indebtedness -Project Area Page 3 11/23/2009 Summary of the Statement of Indebtedness -Project Area Red~veloprnent Agency Qf ThQ City Of Santa Monica ; Redevelopment Agencies FinanciaFT~ransactions 12epor# Agency Long-Term Debt Fiscal Year2009 ______ Project Area Name Downtown Project Area J Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity 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 Matured During Fiscal Year Principal Amount Defeased During Fiscal Year (City/County Debt 2001 1s9ss,7oa] ~_ 19969,704_ ___ Prgect Funding _- ~_ 2001 - .._.2027 $19,409,013 Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default ~. Bond Types Allowed: '. Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 1 11/23/2009 RedevQlopment Agency Of The Cjty Of;$anta Monica. RedevelopmentAgenciss.Financial Trans~ictiorts Report I-! Fiscal Year Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year Agency Long-Term Debt 20.09 --_ _ _ _ __ Earthquake Recovery_Proiect Area __ _ _ __ ________ ___ 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 Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default Bond Types Allowed: i Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 2 11/23/2009 Redevelopment Agency Clf:The City. Of Santa Monica Redevelopment Agencies Finaneial Transactions Report.. i Agency Long-Term Debt Fiscal Year Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year 2009 ___ -'. __ -- _ ___ `Ocean Park, Project Area 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 Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 3 11/23/2009 Redevelopmeint Agency Of The City Qf Santa M.Qnica ~: ~Rede~~tetopmen~ Agencies Finapgiat Tr~n~~etiori~ Report ~ ~~ Agency Long-Term Debt Fiscal Year Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year ~2oos _ __~ Downtown_Project Area 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 Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default '. Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 4 11/23/2009 Redeueloptncnt Agenc~l O,f. The City Of 5anfa INaniea Redeuelopmeraf Agencies Financial.Tran$aefiionsReport'^; . Agency Long-Term Debt Fiscal Year Project Area Name Forvuard from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year '2009 Ocean Park Protect Area 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 Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default ~~Tax Allocation Bonds ''- 2002~~i 19,315,000 '__ _ _ 19 315 000 Ji '..To Defease 1992 Bonds and it Low/Moderate Inwme Housing __ __. __.20031 _. 2018 $14605,000 __ __ ~ Bond Types Allowed: i Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 5 11/23/2009 Redevelopment Agency Of The City Of!Santa Monica RedeveloproentAgencge Finaneial Transa~tion.~ Report >° Fiscal Year Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year zoos ~ Agency Long-Term Debt Earthquake_RecoveryPr~ctArea 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 Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default Tax Allocation Bonds _- l 20061 ~ 64 720 000 'L_ 64 720 000 __ _-. To Defease 1999 Bonds 200Ei I Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; j Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 6 11/23/2009 Redevelopment Agency Qf The City Of;Santa Monica , RedeYelppiriert Agencies Fjnancial:Trahsactions Report Agency Long-Term Debt Fiscal Year Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturity Date Beginning Year Maturity Date Ending Year _2009. _ -----1 __ Earthguake_Recovery Project Area 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 Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default Bond Types Allowed: --_ _.... ......... .......i Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page 7 11/23/2009 Redevelopmerit.Ageney Of The City Qf Santa Moir#ica . Fiscal Year Project Area Name Tax Increment Gross (Include All Apportionments) Special Supplemental Subvention Property Assessments Sales and Use Tax Transient Occupancy Tax Interest Income Rental Income Lease Income Sale of Real Estate Gain on Land Held for Resale Federal Grants Grants from Other Agencies Bond Administrative Fees Other Revenues Total Revenues Statement of Income and Expenditures -Revenues 2009 ,Downtown Project Area LowlModerate Special Capital Project Debt Service Income Housing RevenuelOther Funds Funds Funds Funds Total 797 550 _. , ~ 199 288 .', ~. ~. ~ $996,838 Statement of Income and Expenditures -Revenues Page 1 11/23/2009 $897,406~~ ......... $0 $218,405 ~ $0 .~.~ $1,115,811 ;.RedQVel4p[nent Aj~ency Of The City Of Santa MOnica Fiscal Year Project Area Name Taz Increment Gross (Include All Apportionments) Special Supplemental Subvention Property Assessments Sales and Use Tax Transient Occupancy Tax Interest Income Rental Income Lease Income Sale of Real Estate Gain on Land Held for Resale Federal Grants Grants from Other Agencies Bond Administrative Fees Other Revenues Total Revenues Statement of Income and Expenditures -Revenues 2009 __ --- ~Earthquake Recovery Project Area _._ __ __~ Low/Moderate Special Capital Project Debt Service Income Housing RevenuelOther Funds Funds Funds Funds Total 53,000885 - 13250,22 ,~. $66,251,106 _______. Statement of Income and Expenditures -Revenues Page 2 11/23/2009 .$55,616,434 ~~.~~$771 .$13,814,975 $0 ,. . $69,432,180 i Redeve#opinent Ageni.y,Of The City Of' Sant~:IVlonica Fiscal Year Project Area Name Tax Increment Gross (Include All Apportionments) Special Supplemental Subvention Property Assessments Sales and Use Tax Transient Occupancy Tax Interest Income Rental Income Lease Income Sale of Real Estate Gain on Land Held for Resale . Federal Grants Grants from Other Agencies Bond Administrative Fees Other Revenues Total Revenues Statement of Income and Expenditures -Revenues 2009 - __ __ '.Ocean Park Project Area LowlModerate Special Capital Project Debt Service Income Housing RevenuelOther. Funds Funds Funds Funds Total 3,233444 808,361 ~~ $4,041,805 Statement of Income and Expenditures -Revenues Page 3 11/23/2009 ........_$3,408,107.. ..$98,352 $819,586 $0 '........ $4,326,045 Fiscal Year Project Area Name 2009 -- - .Downtown Project Area Capital Project Debt Service LowlModerate Special Funds Funds Income Housing RevenuelOther Total Administration Costs Professional Services Planning, Survey, and Design Real Estate Purchases Acquisition Expense Operation of Acquired Property Relocation Costs Relocation Payments Site Clearance Costs Project Improvement /Construction Costs Disposal Costs Loss on Disposition of Land Held for Resale ............. $0... $0_ Statement of Income and Expenditures -Expenditures Page 1 11/23/2009 Statement of Income and Expenditures -Expenditures Fiscal Year 2009. Project Area Name Downtown Project Area __ Capital Project Debt Service LowlMOderate Special Funds Funds Income Housing RevenuelOther Total Decline in Value of Land Held for Resale Rehabilitation Costs Rehabilitation Grants Interest Expense Fixed Asset Acquisitions Subsidies to Low and Moderate Income Housing Debt Issuance Costs Other Expenditures Including Pass- Through Payment(s) Debt Principal Payments: Tax Allocation Bonds and Notes Revenue Bonds, Certificates of Participation, Financing Authority Bonds City/County Advances and Loans All Other Long-Term Debt Total Expenditures Excess (Deficiency) Revenues over (under)Expenditures --.___ ~ - --_-_-_1 ---- 1-_ ----~~ $0 l _ r _ _ I -_. _ $o ... _. _- _-..-___ ~ I $0 II _ 1 120 00)0 $1,120,000 1 I so $1,191,011 $1,140,160 $158,000 ~$0 $2,489,171 ($293,605) ($1 140,160) $60,405 $0 ($1,373,360) Statement of Income and Expenditures -Expenditures Page 2 11/23/2009 Statement of Income and Expenditures -Expenditures Fiscal Year Project Area Name Administration Costs Professional Services Planning, Survey, and Design Real Estate Purchases Acquisition Expense Operation of Acquired Property Relocation Costs Relocation Payments Site Clearance Costs '2009 Earthquake Reco_yery Project Area Project Improvement /Construction Costs Disposal Costs Loss on Disposition of Land Held for Resale Capital Project Debt Service LowlModerate Special Funds Funds Income Housing RevenuelOther Total ',` 2486569.__ - __ ~ _.__ _.__ $2,486,569__.. - . _ -- -- ''_ -_._ J __ _-_ -I ._... ~ ___ _. $0. _.. ___. L ___. -.- . ~ - - - __ ~ ._ _._ -... $0. _.. -- __ _ - ', 26,148614 ~~ _ ~ 18,471773 _ $44,620,387. Statement of Income and Expenditures -Expenditures Page 3 11/23/2009 Statement of Income and Expenditures -Expenditures Fiscal Year 2009 Project Area Name Earth_guake Recov»~Proiect Area__, __ __ Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Decline in Value of Land Held for Resale r ~~ $0 Rehabilitation Costs Rehabilitation Grants Interest Expense Fixed Asset Acquisitions Subsidies to Low and Moderate Income Housing Debt Issuance Costs Other Expenditures Including Pass- Through Payment(s) Debt Principal Payments: Tax Allocation Bonds and Notes Revenue Bonds, Certificates of Participation, Financing Authority Bonds City/County Advances and Loans All Other Long-Term Debt Total Expenditures Excess (Deficiency) Revenues over (under) Expenditures $0_ ~. - _._. __._ i .. ~..... _.. $0 _18,044649 _,..,,~ ~.. ___.. $18,044,649 1615,000 T $1,615,000 l ] ~ -- - _ $0 $46,679,832 $4,403,981 $19,092,759......_ -$0 $70,176,572 $8,936 602 ($4,403,210) ($5,277 784) $0 ($744 392) Statement of Income and Expenditures -Expenditures Page 4 11/23/2009 Statement of Income and Expenditures -Expenditures Fiscal Year 2009 _. _ _ _I --_ Project Area.Name Ocean Park Project Area___ Capital Project Debt Service LowlModerate Special Funds Funds Income Housing Revenue/Other Total Administration Costs ~ - 210,5651 _-- _ __ _._._ ~ -. -__. $210.565..... Professional Services '~,. ~ -_ ___ _ ~ _..- - $p..., Planning, Survey, and Design r ` 1 T $0 Real Estate Purchases ' - 1 _ ~~„`_ $0 Acquisition Expense ! i __-._~ -- ~~ $0.. "' Operation of Acquired Property $0 Relocation Costs '~, $0 Relocation Pa menu ~~' Y i. _ -_-_-- - __ - _- I __. _ L ___ ~ ~~~ __ __.-- $0 Site Clearance Costs I --- ~ __ --- 1 $0 -- Project Improvement /Construction Costs ` 2,370 6721 205 429 $2,576,101 Disposal Costs ~ -. _-_ _. 1 _.~ _-- -- $0-- Loss on Disposition of Land Held for I I ~ ~ $0 Resale ___ _. __. _ __. -_._ Statement of Income and Expenditures -Expenditures Page 5 11/23/2009 Statement of Income and Expenditures -Expenditures Fiscal Year2009 --- Project Area Name Ocean Park Project Area __ Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Decline in Value of Land Held for Resale ~ i`~ Rehabilitation Costs Rehabilitation Grants Interest Expense Fixed Asset Acquisitions Subsidies to Low and Moderate Income Housing Debt Issuance Costs Other Expenditures Including Pass- Through Payment(s) Debt Principal Payments: Tax Allocation Bonds and Notes Revenue Bonds, Certifcates of Participation, Financing Authority Bonds. City/County Advances and Loans All Other Long-Term Debt Total Expenditures Excess (Deficiency) Revenues over (under) Expenditures $0_ ____ __l _-_ _. ___._ , r ,__ _ _ 1 055 000 ___. ~ .... ___- _ $1,055,000...... ~ - __. _._j _. l __._ _. _... $0 _.. ___ ~~_ _ ~ ___ ; _ _ ..... $0_.. 3,439 Statement of Income and Expenditures -Expenditures Page 6 11/23/2009 Statement of Income and Expenditures -Expenditures Redeveiopntent Agencies Finat~cial;7`ransae#ioris Report Statement of Income and Expenditures -Other Financing Sources Fiscal Year 2009.. Project Area Name __ ,Downtown Project Area Capital Project Debt Service LowlModerate Special Funds Funds Income Housing RevenuelOther Total Proceeds of Lon -Term Debt 9 ~ -~- - - - .__. $0_.. Proceeds of Refunding Bonds '.. $0 Payment to Refunded Bond Escrow Agent __ _ __- L _. _ __- - $0 - - __- __ Advances from City/County __ r 560691 l _ $560,691 Sale of Fixed Assets ___ iL __ __ _-- -- -_ ___ i 1 _ $0_... Miscellaneous Financing Sources (Uses) _ - f - - T -- - - - -- $0 I -- - Operating Transfers In L_ ___ 1_ __ _ _ _ _ L ___ $0.... Tax Increment Transfers In - - _.. - . $p Operating Transfers Out ~ - ~ --- - -- 1 $0 -- Tax Increment Transfers Out ~ __ _ I _ ~ $0 (TO the Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) $560 691 '. $0 $0 $0 $560,691 Statement of Income and Expenditures -Other Financing Sources Page 1 11/23/2009 Redevelaprnent Agency Of The ,Ci#yOfi Santa Monica "Redevelopment Agencies Financial T~ansactians.Repiirt " Statement of Income and Expenditures -Other Financing Sources Fiscal Year 2009_ -_ - -- Project Area Name Downtown Protect Area_ Capital Project Debt Service LowlMOderate Special Funds Funds Income Housing RevenuelOther Total Excess (Deficiency) of Revenues and $267 086 ($1,140,160) $60,405 $0 ($812,669) Other Financing Sources over Expenditures and Other Financing Uses Equity, Beginning of Period Prior Period Adjustments Residual Equity Transfers Equity, End of Period .... $4,358,105 $1,090,987 .. $2,205,289 $0 $7,654,381 ~ - _ _-___ L - _ ~.-~....~..W.-~o-_. $4625191 '. ($49173) $2,265,694 ,~~$0 $6,841,712 Statement of Income and Expenditures -Other Financing Sources Page 2 11/23/2009 t2ed~v~topment Agency Of:The Cjty.'Of"Santa Monipa: "" Retlevetopment Agencies Ftnanc9al Transactipn$ Depart Statement of Income and Expenditures -Other Financing Sources Fiscal Year ,200_9_. __] Project Area Name (Earthquake Recovery Project Area Capital Project Debt Service LowlMOderate Special Funds Funds Income Housing Revenue/Other Total Proceeds of Long-Term Debt I _ ~ 15,485 3241 $15,485,324 Proceeds of Refundin Bonds 9 r --- _.1 ---- _ _.1 $0 . Pa ment to Refunded Bond Escrow A ent Y g __ L __-~ ___ -__- .._. _ _ _ _ _ _ _.. $0_. Advances from City/County -- ~ ___~ _ _ ____~ _ _ $p Sale of Fixed Assets ~__- ~ -_ _.I _._ $0. _.. Miscellaneous Financing Sources (Uses) ~ _. _r ~, $p Operating Transfers In ` ~ 4 448 794 _ ~ _ _ _ _ $4,448,794 Tax Increment Transfers In _ _____~ _- _.. $0_.. Operating Transfers Out ~ 3 574,706,1 _ ___ 874 088 ii __ $4,448,794 Tax lncremenYTransfers Out r ___ l ~ ~~ $p (To the Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) ($3,574,706) $4,448 794 $14,611,236 $0 '.. $15,485,324 Statement of Income and Expenditures -Other Financing Sources Page 3 11/23/2009 Redevelopment Aggn~y Qf:The city (31f Santa Monica ReleYelopment Agericies Firianciai Transactions RppaKk Statement of Income and Expenditures -Other Financing Sources Fiscal Year 2009_ Project Area Name ~Earthquake_Recover~/ Protect Area Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Excess (Deficiency) of Revenues and $5,361,896 $45 584 $9,333,452 $0 $14,740,932 Other Financing Sources over Expenditures and Other Financing Uses Equity, Beginning of Period $51,576,118 ~ $3,106,380 $31 599,068 $0 $86,281,566 __ Prior Period Adjustments ~ '~. ~i 1 $0 r - ___ _ __ _._- __-~ _. ___ -_:y'~ Residual Equity Transfers $0 I _ -_ __ _.. ~ ! Equity, End of Period $56 938 014 $3,151,964 $40,932,520 $0 ', $101,022,498 Statement of Income and Expenditures -Other Financing Sources Page 4 11/23/2009 Redevelopment Agency Of The City Of Sarita;M'oriie~ Statement of Income and Expenditures -Other Financing Sources Fiscal Year [2009___ - - __ --- Project Area Name Ocean Park Project Area... ] Capital Project Debt Service LowlModerate Special Funds Funds Income Housing Revenue/Other Total Proceeds of Long-Term Debt ~ ', _. $0 ___ _ Proceeds of Refunding Bonds ~ '~, _ $0 Payment to Refunded Bond Escrow Agent ~ _._ ~ ~ _ _ $0 Advances from City/County ~ 213431.._ _ L ___ _ I _._ _~ $213,431 r _- Sale of Fixed Assets ~ ~ ~ „ , $0 Miscellaneous Financing Sources (Uses) - _ r ~ ~$0 -_ - - -- . -_ __~ _. $1,646,490... Operating Transfers In _ _ __ i 1 646 490 J~ 1 _. _._ __ _.-___I _- Tax Increment Transfers In „_ $0 Operating Transfers Out 1 333,0151 ~ ____ 313 47_5_ $1,646,490 Tax Increment Transfers Out Ir _ _ _ $0 (TO the Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) ($1,119,584) ', $1,646,490 ($313,475] $0 $213,431 Statement of Income and Expenditures -Other Financing Sources Page 5 11/23/2009 Redevelopment Agency Of'1'fie City Of Santa Monica+ RetlevefOptrlentAgencies'Fin;~ncial7ransactione R~pa~f . ., Statement of Income and Expenditures -Other Financing Sources Fiscal Year X2009__ _____ __j Project Area Name (Ocean Park Project Area Capital Project Debt Service LowlModerate Special Funds Funds Income Housing Revenue/Other Total Excess (Deficiency) of Revenues and ($506 145) I $18 844 $300,682 $0 ~ ($186,619) Other Financing Sources over Expenditures and Other Financing Uses Equity, Beginning of Period $7 829,828 $3,123,951 $1,892,856 $0 ', $12 846,635 __ _ Prior Period Adjustments __ _ _~_ - _ _ _ _ ~ $0 I -- - -- Residual E uit Transfers TT q y _ _-~L_ ____ ___ -__.-L ___. $0 Equity, End of Period $7 323 683 $3,142 795 $2,193,538 $0 $12,660,016 Statement of Income antl Expenditures -Other Financing Sources Page 6 11/23/2009 _ LowlModerate Special Fiscal Year 2009 Capital Projects Debt Service Income Housing RevenuelOther General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Assets antl Other Debits Cash and Imprest Cash 65 878 101 - _ ` _ 12 118,231 ~_ w, '~ ~''~~~, ~ "~ $77,996,332 Cash with Fiscal Agent ___ 554 008 6,245,586] __. 113,9491 _. _ ,_~'~ ~_ .-. " ':,, 1 ~` $6,913,543 Tax Increments Receivable _32487921 ___ ~I ____ 781.4331_ _ r Lv '.`~ ~.~L =, ~:~: $4,030,225 f Accounts Receivable L ______ _ _..- __ _- f~ - L ~ '" ~ .__.jI _ ?_lT ''' .$0..... Accrued Interest Receivable ~ _- 419 188 _.. _ 97 85511 __ -_-I_ :.:. ,._ ...... ........ . 1 ~ ;_~ y~~ I __ $517,043 - _ Loans Receivable _ _ 5 035,395 ~ __-__ ... __-- 32,602 725 _ -__. .. L __.__ , I 'T - _ _~_._,___,._W_ .~ ,,: ......_$37:638.120... Contracts Receivable ~ - ~ ~ i " ~~` -~`"' ' ~ $p.... Lease Pa menu Receivable ~ Y _ i I_ T 'l" _L~. I vw.,.~. ___ $p.. Unearned Finance Charge - -- , Due from Capital Projects Fund ~ -- ~~. $p Due from Debt Service Fund ~ - _ '~. . - --- , . _ ? ? $0 DuefromLow/Moderate __-_ - `- - - -. __ ~ ~~ "'~ ._.m `; --Y-~~ _~ _... $0 Income Housing Fund Due from Special - ` " ~~ j ~ $0 Revenue/Other Funds - ~~- - - ~- - Balance Sheet -Assets and Other Debits Page 1 11/23/2009 Balance Sheet -Assets and Other Debits Low/Moderate Special Fiscal Year 2009 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Investments - 1 ~ " ~ ' ' " ~ ' $0 Other Assets _ 7,993_ t ~ ', __ ~ _. ~ _ 1~ ~ w~..._~., ,_ ,~:' $7 993... Fixed Assets: Land, - ~ (:~ ~ ~ $0 ' Structures, and Improvements ~ rr ~ ~-~~.i ~~- --~ ~~~-~"`-"~""` E9uipment ~ ~ ._a ,___~1-- '~.',. _~. ,_..,~7 __-. ~..:'~_. ___ _- ., , ':~ ___ $0.. .. _m ,_____ ry ~ __ __ - ,~... ,_,,.., Amount Available In Debt ~ ,; 1_ ',.; _-N _L ~,..- ~ _ __. ____~~,_„ $0 Service Fund ~ "`~" Amount to be Provided for Payment of Long-Term Debt Total Assets and Other Debits (Must Equal Total Liabilities, Other Credits, and Equities) ~__~ ~ :_ , , ,. ,-_ ~~_ _____ 118 404 985_ ~ ~_~ _ ~ '; ~ ' $118,404,985~~ $75,143,477 $6,245,586 $45,714,193 $0 $118,404,985 $0 $245,508,241 Balance Sheet-Assets and Other Debits Page 2 11/23/2009 Balance Sheet -Assets and Other Debits LowlModerate Special Fiscal Year 2009 Capital Projects Debt Service Income Housing RevenuelOther General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Liabilities and Other Credits Accounts Payable 1519,432_I_- ___- ~ __ 322,441 _ ~, -..'., ~~ "~~~ " ~~-, ;, ~'. ~~~~ $1,841,873 Interest Payable -- ~ ~- __ ~ '`~'~~~~~ Tax Anticipation Notes Payable ` I ___ _ _ __ ~ --- _- ~_ ~ ~_; ~^, $p Loans Payable L _ _ 1--. _ ~-. ~ ~' ~ - _'_._~._._.,,,__„ $~... Other Liabilities ___4,737 157 ~ ~ -- - ~ - ~!! ... ~_ TT ; $4,737,157 Due to Capital Projects Fund ____ _ L -. __ _ ~ _ E.~. . ! ~ ~ ' .µ-_ , ' ~ $p Due to Debt Service Fund ~~ r ~~ Due to Low/Moderate L r ~---. ,.., .' ~ .~ ~ .- ". _$0...... .,~ Income Housing Fund ~_"- --___-- - - -- -_-- ~ Due to Special _ ~ __ ~_ - - ~ ~Wf ''~~~'~ Revenue/Other Funds Taz Allocation Bonds Payable ~~ ,~_~ ~~ ~~ ~ ~ 72,900 000 ~ ~: $72,900,000.... Lease Revenue, Certificates ~' - '` ~" ~'"~ -" ""~"" - _ ~- ~~~'°'`"" ~"~- -- w " ' w"`l $0 of Participation Payable, - - -- Financing Authority Bonds All Other Long-Term Debt ,'~~ ,~ '" ~ ~~ `~ :~ . ~ - . . - ~ ~ _..~f , ~ I 45 504,985 i ° , ~ . .., -..r_..-.. . ,, - ....$45,504,985.... Total Liabilities and Other $6,256,589 $0 $322,441 -___ $0 $118,404,985 ~ ~~~~~ $124,984,015 Credits Balance Sheet -Liabilities and Other Credits Page 1 11/23/2009 Balance Sheet -Liabilities and Other Credits Low/Moderate Special Fiscal Year 2009 Capital Projects Debt Service Income Housing RevenuelOther General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Equities Balance Sheet -Liabilities and Other Credits Page 2 17/23/2009 Balance Sheet -Liabilities and Other Credits Red~~elupmant.Agericis~ Finataci;~1 Tf^ans~ctio~i~ ftepof~k Statement of Income and Expenditures - Summary, Combined Transfers In/Out Fiscal Year 2009 Operating Transfers In $6,095,284 Tax Increment Transfers In $0 Operating Transfers Out $6,095,284 Tax Increment Transfers Out ~ $0 Statement of Income and Expenditures - Summary, Page 1 11 /23/2009 Combined Transfers In/Out Redevelopment Agency Of The City Of Santa Monica Redevelopment Agencies Financial Transactions Report ~ Detailed Summary of Footnotes For Fiscal Year 2008-09 Forms Column Additional Details Footnotes Project Areas Report New Indebtedness A PROJECT_AREA_NAME = Eliminated by ordinance 2107 .'Downtown Project Area' Pass Through /School District Assistance Total Paid to Taxing Agencies C PROJECT_AREA_NAME = Project is in Phase 2 of pass 'Earthquake Recovery through Project Area' Footnotes Page 1 11/23/2009 Supplement to the Annual Report of Community Redevelopment Agencies Redevelo went A enc ID Number: 13981984500 Name of Redevelo pment Agency: Santa Monica Redevelopment Agency Mark the appropriate box below to indicate the ending date of your agency's fiscal year. Report data for that period only. September 2008 ~ December 2008 ~ June 2009 Rehun this form to the California State ControlIer'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. Personnel Expenditures Report your govermment's total expenditures for salaries and wages during the year, including amounts paid on force account construction projects. Z00 $ 0 B. Mortgage Revenue Bond Interest Payments Report your government's total amount of interest paid on mortgage revenue bonds during the year. uao ~ o U.8 Bureau ofthe Census-Revised 62068 STATEMENT OF INDEBTEDNESS -CONSOLIDATED FILED FOR THE 2009-10 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Downtown Redevelopment Project Cover Page CUrcent Balances Carded Forward From: Total Princlpal/lnterest Line Outstanding Deb[ Due DUdng Tax Year Fiscal Period •Totals (From Fofm A, Pagel Totals) (1) $ 24,644,556 $. 24,620,558. Optional) Post Fiscal Period -Totals (From Form B Totals) (2) Grand Totals (3) 24,644,568 24,620,558 Available Revenues From Calculation of Available Revenues, Line 7 (4) 7,711,830 et Requirement (5) $16,932.728 Consolidate on this form all of the data contained on Form A and B pnclutling supplemental pages). Form A is to Include ail indebtedness entered into as of June 30 of the Fiscal Year. Form B may be fined al the option of the agency, and is to Incude indebtedness entered into post Jun$ 30 of the Fiscal Year, pursuant to Health and Safety Code Section 33875(c)(2). This Is op5onal for each agency and is note requirement for filling the Statement of Indebtedness. The Reconciliation Statement is to include Indebtedness from Form A only.. Cert+ication of Cmef Financial O(fioer. Pursuam to Section 33675 (o) OF the Health and Satety Coda, I hereby certify that the above is a true and accurate Statement of Indebtedness for the above named agency. CALCULATION OF AVAILABLE REVENUES AGENCY NAME PROJECT AREA TAX YEAR: 2009-2010 RECONCILIATION DATES: Redevelopment Agency of the City of Santa Monica Downtown Redevelopment Project JULY 1.2008 TO JUNE 30, 2009 1. Beginning Balance, Available Revenues (See Instructions) 2. Tax Increment Received -Gross All Tax Increment Revenues, to include any Tax Increment passed through to other local taxing agencies. 3. All other Available Revenues Received (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 1 through 4 6. Total amounts paid against indebtedness in previous year. (D + E on Reconciliation Statement) 7. Available Revenues, End of Year (5 - 6) FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS COVER PAGE, LINE 4 NOTES Tax Increment Revenues: $ 8,377,562 996,838 99, 855 9,474,255 1,762,425 $ 7,711,830 The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set-aside in the Low and Moderate Income Housing Fund will 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" 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 included on line 4 above in order to accurately determine ending "Available Revenues". STATEMENT OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS FILED FOR THE 2009-20'10 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Downtown Redevelopment Project For Indebtedness Entered into as of June 30, 2009 Form A Page 1 of 2 Original Data Current Interest Total Total Principalllnter@st Debt Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Year (A) Parking Lease Rev Bonds-Series 2002 05/02/02 $ 5,640,000 6 Years 4.60% $ 734,025 $ - $ - .5 % Above (B) Santa Monica Nofe#1* 06/30/81 871,840 Demand CSM Rate - 1,557,358 1,557,358 .5% Above (C) Santa Monica #6 * 10/24/78 4,400,000 Demand CSM Rate - 18;412,347 18,412,347 (D) Pkg Structure Reimb. Agreement 11/29/78 10,717,707 30 Years None - 489,218 489,218 (E) D/T Coop/Reimb. Agreement'* 12/17/85 16,187,626 Open None - 3,473,013 3,473,013 (F)1992-9320%Shortfall 12/14/93 15,365 Open None - 10,310 10,310 (G) 2009-10 Admin Indirect 06/23/09 52,783 Open None - 52,783 52,783 (H) 2009-10 Reimbursement Agreement ~ 06/23/09 374,529 Open None - 374,529 374,529 (1)2009-1020%Set Aside 06/23/09 251,000 Open None 251,000 251,000 (J) 2008-09 20% Set Aside 08/17/08 158,000 Open None - - - Sub Total, This Page $ 24,620,558 $ 24,620,558 Totals Forwarded From All Other Pages 24,000 - Total This Page $ 24,644,558 $ 24,620,558 Purpose of Indebtedness: (A) Finance portion of cost of pkg structure (Refunded Series 1992) (B) Land, construction, relocation and operation costs (C) For landtransfer (D) Pkg. Structure Agreement (Est. based on formula calculation) (E) Third Street mall imp. (Reduced for sale of COP's during 1986-87) 'Notes are payable on demand with accrued interest (F) Low and moderate income housing fund (G) Operating expenditures (H) Operating expenditures (I) 20 % Housing Set Aside (Per Sec. 33334.2 of Ca Redev Law) (J) 20% Housing Set Aside (Per Sec. 33334.2 of Ca Redev Law) STATEMENT OFINDEBTEDNESS-FISCAL YEARINDEBTEDNESS FILED FOR THE 2009-2010 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area- Downtown Redevelopment Project For Indebtedness Entered into as of June 30, 2009 Form A Page 2 of 2 Original Data Current Interest Total Total Principal/Interest Debt Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Year (A) 2008-09 Reimbursement Agreement 06/17/08 $ 411,080 Open None $ - $ - $ (B) 2008-09 Admin Indirect 06/17/08 46,918 Open None - - (C) 2009-10 AB 2557 06/23/09 24,000 Open None - 24,000 (D) 2008-09 AB 2557 06/17/08 15,000 Open None - - (E) (F) (O) (N) (I) (3) (K) (L) Total This Page $ 24,000 $ - Purpose of Indebtedness: (A) Operating Expenditures (G) (B) Operating Expenditures (H) (C) AB 2557 fees (I) (D) AB 2557 fees (J ) (E) (K) (F) (L) RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 1 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Downtown Redevelopment Project Tax Year: 2008-2009 Reconciliation Dates: From July 1, 2008 to June 30, 2009 A B C D E F Debt Identifcation: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI, page and line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+g-C-D-E) Pg 1 Pg 1 LineA LineA Parking Lease Revenue Bonds $ 1,140,160 $ - $ - $ 1,140,160 $ - $ - Pg 1 Pg 1 Line B Line B Santa Monica Note #1` 1,506,878 50,480 - - - 1,557,358 Pg 1 P91 Line C Line C Santa Monica Note #&` 17,902,136 510,211 - - - 18,412,347 Pg 1 Pg 1 Line D Line D Pkg. Structure Reimb. Agreemt. 489,218 - - _ qgg 21g Pg 1 Pg 1 Line E Line E DR Coap/Reimb. Agreement 3,473,013 - - - 3,473,013 Pg 1 Pg 1 Linel Line) 2008-0920% Set ASide'* 158,000 41,288 - 199,288 - - P9 1 Pg 1 LineF LineF 1992-9320%Shodfall 10,310 - - - - 10,310 Pg NEW Pg 1 Dne une c; 2009-10 Admin Indirect - 52,783 - - - 52,783 TOTAL-THIS PAGE $ 24,679,715 $ 654,762 $ - $ 1,339,448 $ - $ 23,995,029 TOTALS FORWARD 457,998 681,258 66,750 422,977 - 649,529 GRAND TOTALS $ 25,137,713 $ 1,336,020 $ 66,750 $ 1,762,425 $ - $ 24,644,558 NOTE: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation is limited by law to a July 1 -June 30 fiscal year period, only those items included on the SOI Form A is to be 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 indebtedness is listed on. If the indebtedness is new to this fiscal year, enter "new" in the "Prior Yr" page and line columns. Column F must equal the current SOI, Form A Total Outstanding Debt column. r~uruaniem raueus aucmeu inreresr ror Suva-un "Adjustment reflects increase in estimate used on the previous SOI. RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 2 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Downtown Redevelopment Project Tax Year: 2008-2009 Reconciliation Dates: From July 7, 2008 to June 30, 2009 A B C D E F Debt Identifcalion: Outstanding Debt Adjustments Amounts Paid Against Remaining 501, page and line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+B-C-D-E) Pg NEW Pg 1 2009-10 Reimbursement Line Line H Agreement $ - $ 374,529 $ - $ - $ - $ 374,529 Pg NEW Pg 1 Line Linel 2009-1020% Set Aside - 251,000 - - - 251,000 Pg 1 Pg 2 Line H Line A 2008-09 Reimb. Agreement* 411,080 8,273 66,750 352,603 - Pg 1 Pg 2 Line G Line B 2008-09 Admin Intlirect 46,918 - - 46,918 - - Pg NEW Pg 2 line Line C 2009-10 AB 2557 - 24,000 - 24,000 Pg NEW Pg 2 Line Line D 2008-09 AB 2557 23,456 - 23,456 - - Pg Pg Line Line ~ _ Pg Pg Line tine - Pg Pg Line Line - Pg Pg Line Line ~ _ Pg Pg Line Llne TOTAL-THIS PAGE $ 457,998 $ 681,258 $ 66,750 $ 422,977 $ - $ 649,529 'Adjustment reflects increase/decrease in estimate used on the previous SOI. STATEMENT OF INDEBTEDNESS -CONSOLIDATED cover Page FILED FOR THE 2009-10 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project Current Balances Carried Forward From: Total Principal/Interest Line Outstanding Debt Due During lax Year Fiscal Period -Totals (From Form A, Page 1 Totals) (1) $ 350,750,699 $ 65,546,791 (Optional) Post Fiscal Period -Totals (From Form B Totals) (2) Grand Totals (3) 350,750,699 65,546,791 Available Revenues From Calculation of Available Revenues, Line 7 (4) 67,988,337 Net Requirement (5) $ 282,762,362 Consolidate on this form all of the data contained on Form A and B (including supplemental pages). Form A is to include all indebtedness entered into as of June 30 of the Fiscal Year. Form a may be filled at the option of the agency, and is to include indebtedness entered into post June 30 of the Fiscal Year, pursuant to Health and Safety Code Section 33675(c)(2): This is optional for each agency and is not a requirement for filing the Statement of Indebtedness. The Reconciliation Statement is to include indebtedness from Form Aonly. - Certifcation of Chief Financial ORCer: Carol Swindell Director of Finance Pursuant to Section 33675 (b) of the Health and Safely Cotle, Name: ~ Title: I hereby cedi(y that the above is a true and accurate Statement of Indebtedness for [he above named agency. CALCULATION OF AVAILABLE REVENUES AGENCY NAME PROJECT AREA TAX YEAR: 2008-2009 RECONCILIATION DATES: Redevelopment Agency of the City of Santa Monica Earthquake Recovery Redevelopment Project JULY 1.2008 TO JUNE 30. 2009 1. Beginning Balance, Available Revenues (See Instructions) 2. Tax Increment Received -Gross Atl Tax Increment Revenues, to include any Tax Increment passed through to other local taxing agencies. 3. All other Available Revenues Received (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 1 through 4 6. Total amounts paid against indebtedness in previous year. (D + E on Reconciliation Statement) 7. Available Revenues, End of Year (5 - 6) FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS COVER PAGE, LINE 4 NOTES $ 62,170,941 66,251,106 2,620,020 131,042,067 63,053,730 $ 67,988,337 Tax Increment Revenues: The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing agencies pursuant to Health and Safety Code Section 33676.. Tax Increment Revenue set-aside in the Low and Moderate Income Housing Fund will 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" 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 included on line 4 above in order to accurately determine ending "Available Revenues". STATEMENT OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS FILED FOR THE 2009-2010 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project For Indebtedness Entered into as of June 30, 2009 Form A Page 1 of 3 Original Data Current Interest Total Total Principalllnterest Debt Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Year (A) 2006 Earthquake Project Bonds 04/27/06 64,750,000 30 years 4.50% .40,378,197 92,065,534 4,402,681 (B) 2002-03 Promissory Note -Parking Structures 06/20/03 60,000,000 Open 7.00% 32,550,000 88,081,014 3,669,568 (C) 2008-09 Reimb. Agreement 06/17/08 2,331,776 Open None - - - (D) 2008-09 20% Housing Set Aside 06/17/08 11,763,000 Open None - - - (E) 2008-09 AB1290 Pass Through 06/17/08 17,184,000 Open None - - (F) 1996-97 Reimb. Agreement (6606) 1/02/97* 20,000,000 Open None 12,250,194 - (G) 2008 Seismic Retroft Pkg Structure #4 (8809) 09/10/07 5,468,200 Open None - 1,381,803 1,381,803 (H) 2009-10 Reimb. Agreement 06/23/09 2,617,871 Open None - 2,617,900 2,617,900 (I) 2009-10 20% Housing Set Aside 06/23/09 11,763,000 Open None 13,977,000 13,977,000 (J) 2007 1338-42 Sih St Coop Agrmnt (8684) 05/24/07 6,000,000 Open None - 6,360 6,360 (K) 2007 430 Arizona Coop Agrmnt (8693) 03/30/07 27,900,000 Open None ~ 6,837 6,837 (L) 2008 Parting Structure 1-6 Fagade improve (8962) 12/02/08 1,721,102 Open None 362,308 362,308 Sub Total, - This Page $ 210,748,950 $ 26,424,457 Totals Forwarded From All Other Pages 140,001,749 39,122,334 Total This Page $ 350,750,699 $ 65,546,791 Purpose of Indebtedness: (A) Refunding of 1999 bonds (B) Acquisition of parking structures (C) Operating Expenditures (D) 20°/ Housing Set Aside (Per Sec 33334.2 of Ca Redev Law) (E) Pass Throughs Per AB1290 (Sec 33607.5 (b) of Ca Redev Law) (F) Commercial Steetscape Project (G) Seismic Retrofit Pkg Structure 4 (H) Operating Expenditures (I) 20% Housing Sel Aside (Per Sec 3334.2 of Ca Redev. Law) (J) Property acquisition (K) Property acquisition (L) facility improvement * See First Amendment dated 1/12/99 and Second Amendment dated 1/26/99. STATEMENT OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS Form A FILED FOR THE 2009-2010 TAX YEAR Page 2 of 3 Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project For Indebtedness Entered into as of June 30, 2009 Original. Data Current Debt Identification Date Principal Term Interest Rate Total Interest Total Outstanding Debt Principal/Interest Due During Tax Year (A) 2000-01 Reimb. Agreement-Palisades Bluff (7954) 05/22/01 $ 1,500,000 Open None - $ 887,928 $ 887,928 (B) Seismic Retrofit of Parking Structures 7&8 (8078)* 06/19/01 8,950,200 Open None - 172,621 172,621 (C) 2002-03 Pkg Structure Pert. Agreement (8181) 01/09/03 60,000,000 Open None - 60,000,000 3,400,000 (D) 2007 Seismic retrofit Structure 2 (8734) 06/03/07 489,500 Open None - 343,545 343,545 (E) 2002-03 Palisades Bluff/Hsg Coop. Agrmnt (8180) 01/09/03 50,000,000 Open None - 46,279,415 2,000,000 (F) 2008-09 Admin Indirect 06/17/08 128,470 Open None - (G) 2009-10 Pass Throughs Per AB1290 06/23/09 20,097,000 Open None 20,097,000 20,097,000 (H) 2004-05 Seismic Retrofit Parkng Structre 5 (8449) 02/22/05 1,319,650 Open None 496,114 496,114 (I) 2004-05 Backstructure Removal Agreement (8443) 02/10/05 164,996 Open None - (J) 2005-06 Seismic Retrofit Structure 4 (8474) 07/18/05 731,500 Open None 71,940 71,940 (K) 2009 Parking Structures 7-8 Fayade Imp (8949) 05/28/09 9,000,000 Open None - 8,981,050 8,981,050 (L) 2007 1632-36 5th St Coop Agrmnt (8648) 12/07/06 7,625,000 Open None - Total This Page ~., $ 137,329,613 $ 36,450,198 Purpose of Indebtedness: (A) 2000-01 Reimb. Agreement -Palisades Bluff Project (G) Pass Throughs Per AB1290 (Sec 33607.5 (b) of Ca Redev Law) (B) Seismic retrofit of downtown parking structures* (H) Seismic retrofit of parking structure 5 (C) 2002-03 Seismic retrofit/rehabilitate downtown parking structures (I) Removal of back structure at 1657 Ocean Blvd. (D) 2007 Seismic retrofit structure 2 (J) Seismic retrofit of parking structure 4 (E) 2002-03 Palisades Bluff stabilization project and affordable housing projects (K) Facility improvement (F) Operating expenses (L) Property acquisition *Debt amount was increased from $8,950,200 to $10,866,200 per cooperation agreement dated 4/16/02 STATEMENT ®F INDEBTEDNESS -.FISCAL YEAR INDEBTEDNESS Form A FILED FOR THE 2009-2010 TAX YEAR Page 3 of 3 Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project For Indebtedness Entered into as of June 30, 2009 Original Data Current Debt Identification Date Principal Term Interest Rate Total Interest Total Outstanding Debt Principalllnterest Due During Tax Year (A) 2009-10 Admin Indirect 06/23/09 $ 112,006 Open None - $ 112,006 $ 112,006 (B) 2008 2nd~& 4th St Ped. & Streetscape Imp (8816) 10/24/07 2,531,000 Open None - 1,222,130 1,222,130 (C) 2009 1334 5th St Cooperation Agreement (9032) 03/24/09 5,017,003 Open None - - (D) 2008-09 AB 2557 06/17/08 1,126,000 Open None - - (E)2009-10 A62557 06/23/09 1,338,000 Open None - 1,338,000 1,338,000 (F) _ _ (C) - - (H) (I) (~) (K) (L) _ Total This Page $ 2,672,136 $ 2,672,136 Purpose of Indebtedness: (A) Operating Expenditures (B) Sidewalk and street improvement (C) Property acquisition (D) AB 2557 fees (E) AB 2557 fees RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 1 of 3 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project Tax Year: 2008-2009 Reconciliation Dates: From July 1, 2008 to June 30, 2009 A B C D E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI, page and line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+B-C-D-E) Pg1 Pg1 LineA LineA 2006 Earthquake project bonds $ ~ 96,469,515 $ - $ - $ 4,403,981 $ - $ 92,065,534 Pg 1 Pg 1 2002-03 Promissory Note- Line B Line B Parking structures 91,750,892 - - 3,669,878 - 88,081,014 Pg 1 Pg 1 Line H Line C 2008-09 Reimb. Agreement* 2,331,776 290,573 2,622,349 - - Pg1 Pg1 Linel LineD 2008-0920% Housing Set Aside* 11,763,000 1,487,221 - 13,250,221 - - P9 2 P9 i 2008-09 Pass Throughs Per LineD LineE AB1290* 17,184,000 51,276 - 17,235,276 - - Pg1 Pg1 Line F Line F 1996-97 Reimb. Agreement 12,250,194 - - - - 12,250,194 NEW Pg 1 Line Line H 2009-10 Reimb. Agreement - .2,617,900 - - - 2,617,900 NEW Pg 1 Dne Linel 2009-1020%Set Aside 13,977,000 - - - 13,977,000 TOTAL-THIS PAGE $ 231,749,377 $ 18,423,970 $ - $ 41,181,705 $ - $ 208,991,642 TOTALS FORWARD 124,747,372 39,005,295 121,585 21,872,025 - 141,759,057 GRAND TOTALS $ 356,496,749 $ 57,429,265 $ 121,585 $ 63,053,730 $ - $ 350,750,699 NOTE: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation is limited by law to a July 1 -June 30 fiscal year period, only those items included on the SOI Form A is to be 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 indebtedness is listed on. If the indebtedness is new to this fiscal year, enter "new" in the "Prior Yr" page and line columns. Column F must equal the current SOI, Form A Total Outstanding Debt column. ~..~..o,~ ~ ~~,,, ,~„~,,,~ ,,,~, caaciucu case n i emn i ie~e useu on me previous aui RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 2 of 3 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project Tax Year: 2008-2009 Reconciliation Dates: From July 7, 2008 to June 30, 2009 A B C D E F Debt Identifcation: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI, page and line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+B-C-D-E) P9 1 P9 1 2008 Seismic Retroft of Pkg Line G Line G Structure 4 (8809) $ 3,229,963 $ - $ - $ 1,848,160 $ - $ 1,381,803 P9 2 P9 2 2000-01 Reimb. Agreement- LineA LineA Palisades Bluff Project (7954) 1,129,510 - - 241,582 - 887,928 Pg 2 P9 2 Seismic Retroft of Parking Line B Line B Structures 7&8 (8078) 172,621 - - - 172,621 P9 2 P9 2 2002-03 Parking Structure Pert. Line C line C Agreement (8181) 60,000,000 - - - 60,000,000 P9 2 P9 2 2002-03 Palisades Bluff/Hsg Line E Line E Cooperation Agreement (8180) 50,000,000 - 3,720,585 - 46,279,415 P9 3 Pg 2 LineA Line F 2008-09 Admin Indirect 128,470 - 128,470 - - Pg NEW Pg 2 2009-10 Pass Throughs Per Line Line G AB1290 - 20,097,000 - - 20,097,000 P9 2 Pg 2 2004-05 Seismic Retrofit of Line H Line H Dwntn Prkng Strctre 5 (8449) 496,114 - - - 496,114 Pg 2 P9 2 2004-05 Removal of structure at Line I Line I 1657 Ocean Ave (8443) * 1,719 - 1,719 - - - P9 2 P9 2 2005-06 Seismic retroft of Line J Line J parking structure 4 (8474) 422,728 $ 350,788 71,940 Pg 1 Pg 1 2007 1338-42 5th St Cooperation Line K Line J Agrmt (8684) 6,360 - - 6,360 Pg 1 Pg 1 2007 430 Arizona et al Line L Line K Coo eration A rmnt 8693 6,837 - - - 6,837 TOTAL-THIS PAGE $ 115,594,322 $ 20,097,000 $ 1,719 $ 6,289,585 $ ~ - $ 129,400,016 "Adjustment reflects close-out of remaining balance. REC®NCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 3 of 3 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project Tax Year: 2008-2009 Reconciliation Dates: From July 7, 2008 to June 30, 2009 Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI, page and line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funtls (A+g-C-D-E) Pg 2 Pg 2 2007 1632-36 5th St Cooperation Line L Line L Agrmnt (8648) 6,625,000 34,532 6,659,532 - - Pg NEW Pg 2 2007 Seismic Retroft of Parking Line Line D Structure 2(8734) - 559,652 216,107 - 343,545 Pg NEW Pg 3 Line LineA 2009-10 Admin Indirect - 112,006 - - - 112,006 Pg 3 Pg 3 2008 2nd & 4th St Ped. & Line 8 Line B Streetscape Imp (8816) 2,528,050 - - 1,305,920 - 1,222,130 Pg NEW Pg 1 2008 Parking Structure 1-6 Line Line L Fapade improvements (8962) 1,721,102 - 1,358,794 - 362,308 Pg NEW Pg 3 2009 1334 5th St Cooperation Line Line C Agreement (9032) - 5,017,003 5,017,003 - - Pg NEW Pg 2 2009 Parking Structure 7-8 Line Line K Fapade improvements (8949) 9,000,000 - 18,950 - 8,981,050 Pg NEW Pg 3 Line LineD 2008-09 AB 2557 1,126,000 119,866 1,006,134 - - PgNEW Pg3 Line Line E 2009-10 AB 2557 - 1,338,000 - - - 1,338,000 Pg Pg line Line - Pg Pg line Line - Pg Pg Line Line TOTAL-THIS PAGE $ 9,153,050 $ 18,908,295 $ 119,866 $ 15,582,440 $ - $ 12,359,039 STATEMENT OF INDEBTEDNESS -CONSOLIDATED Cover Page FILED FOR THE 2009-10 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1A Current Balances Carried Forward From: Total Principalllnterest Line Outstanding Debt Due During Tax Year Fiscal Period -Totals (From Form A, Page 1 Totals) (1) $ 19,475,844 $ 8,444,769 (Optional) Post Fiscal Period -Totals (From Form 8 Totals) (2) - Grand Totals (3) 19,475,844 8,444,769 Available Revenues From Calculation of Available Revenues, Line 7 (4) 12,103,550 i Net Requirement (5) $ 7,372,294 Consolidate on this form all of the data contained on Form A and a (including supplemental pages). Form A is to include all indebtedness entered into as of June 30 of the Fiscal Year. Form.B may be filled at the option of the agency, and is to include indebtedness entered into post June 30 of the Fiscal Year, pursuant to Health and Safety Code Section 33675(c)(2). This is optional for each agency and is not a requirement for filing the Statement of Indebtedness. The. Reconciliation Statement is to include indebtedness from Form A only. Certification of Chief Financial Offcer: - Carol Swindell Director of Finance Pursuant to Section 33fi75 (b) of the Health and Safety Cotle, Name: (/~j'//~//q~ //~ Title: I hereby certify that the above is a true and accurate Statement of /~/~~~~J`Y/"~' ~~~G~-' Indebtedness for the above named agency. k Signature: - ~ Date: 9/29/09 CALCULATION OF AVAILABLE REVENUES AGENCY NAME PROJECT AREA TAX YEAR: 2008-2009 RECONCILIATION DATES: Redevelopment Agency of the City of Santa Monica California R 37/44 (Ocean Park) 1A JULY 1.2008 1. Beginning Balance, Available Revenues (See Instructions). 2. Tax Increment Received -Gross TO JUNE 30. 2009 $ 10,670,471 3,558,693 All Tax Increment Revenues, to include any Tax Increment passed through to other local taxing agencies. 3. All other Available Revenues Received (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 1 through 4 6. Total amounts paid against indebtedness in previous year. (D + E on Reconciliation Statement) 7. Available Revenues, End of Year (5 - 6) FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS COVER PAGE, LINE 4 NOTES Tax Increment Revenues: 154,768 14,383,932 2,280,382 $ 12,103,550 The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing agencies pursuant to Health. and Safety Code Section 33676. Tax Increment Revenue set-aside in the Low and Moderate Income Housing Fund will be washed in the above calculation, and therefore omitted from Available Revenues at yearend. 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" 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 included on line 4 above in order to accurately determine ending "Available Revenues". STATEMENT OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS Form A FILED FOR TFiE 2009-2010 TAX YEAR Page 1 of 2 Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1A For Indebtedness Entered into as of June 30, 2009 Original Data Current Interest Total Total Principalllnterest Debt Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Year .5 % Above (A) Santa Monica Note #2 06/30/81 $ 855,368 Demand CSM Rate $ - $ 5,183,623 $ 5,183,623 (B) 2008-09 20% Housing Set Aside 06/17/08 675,562 Open None - _ _ 5 % Above (C) Santa Monica Note #5 09/14/83 157,521 Demand CSM Rate 650,907 650,907 (D) Rehab Off-Site Housing 05/08/84 2,810,500 50 Years None - 588,378 132,206 (E) OP Refunding Bonds-2002** 05/02/02 13,250,090 16 years 5.03 % 6,014,979 11,755,940 1,181,037 (F)1988-8920%Shortfall 12/12/89 180,383 Open None - 180,383 180,383 (G)1990-9120%Shortfall 01/14/92 15,030 Open None - 2,500 2,500 (H) 1991-92 20%Shortfall 01/26/93 32,582 Open None - 32,582 32,582 (I) 1992-93 20%Shortfall 12/14/93 72,763 Open ~ None - 72,763 72,763 (J) 2008-09 Reimb. Agreement 06/17/08 178,372 Open None - - _ Sub Total, This Page $ 18,467,076 $ 7,436,001 Totals Forvuarded From All Other Pages 1,008,768 1,008,768 Total This Page $ 19,475,844 $ 8,444,769 Purpose or lntlebtetlneSS: (A) Redevelopment and operation costs ~. (F) Low and moderate income housing fund (B) 20% Housing Set Aside (G) Low and moderate income housing fund (C) Federal project portion closeout costs (H) Low and moderate income housing fund (D) Lease of units at 175 Ocean Park Boulevard (I) Low and moderate income housing fund (E) Advance refunding of Ocean Park 1992 bonds (J) Operating Expenditures * Interest is accrued annually if total amount owing is not paid. **Adjusted to reFlect 80% financing by Ocean Park Fund and 20% financing Low/Mod Housing Fund STATEMENT OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS FILED FOR TFiE 2009-2010 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1A For Indebtedness Entered into as of June 30, 2009 Form A Page 2 of 2 Original Data Current Interest Total Total Principalllnterest Debt Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Year (A) 2008-09 Admin Indirect 06/17/08 $ 48,361 Open None $ - $ - $ - (l3) 2009-10 Admin Indirect 06/23/09 49,498 Open None - 49,498 49,498 (C) 2009-10 Reimbursement Agreement 06/23/09 189,900 Open None - 189,900 189,900 (D) 2009-10 20% Housing Set Aside 06/23/09 702,370 Open None - 702,370 702,370 (E) 2009-10 AB 2557 06/23/09 67,000 Open None 67,000 67,000 (F) 2008-09 AB 2557 06/17/08 64,000 Open None - - (G) - (H) (I) (J) (K) (L) Total This Page ~ $ 1,008,768 $ 1,008,768 Purpose of Indebtedness: (A) Operating Expenditures (G) (B) Operating Expenses (H) (C) Operating Expenses (I ) (D) 20% Housing Set Aside (Per Sec 33334.2 of Ca Redev Law) (J ) (E) AB 2557 fees (I() (F) AB 2557 fees (L) RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 1 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1A Tax Year: 2008-2009 Reconciliation Dates: From July 1, 2008 to June 30, 2009 __ A B C D E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI, page and line: Brief ~ All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+g_C-D-E) Pg 1 P9 1 , Line A Line A Santa Monica Note #2* $ 5,016,666 $ 189,121 $ 22,164 $ - $ - $ 5,183,623 Pg 2 Pg 1 2008-09 20 % Housing Set Line D Line B Aside*** 675,562 46,789 - 722,351 - - Pg 1 Pg 1 Line C Line C Santa Monica Note #5* 629,942 21,099 134 - 650,907 Pg 1 Pg 1 Line D Line D Rehab Off-Site Housing 720,584 - - 132,206 588,378 Pg 1 P9 1 line E Line E OP Refunding Bonds - 2002** 12,939,974 - - 1,184,034 - 11,755,940 Pg 1 Pg 1 LineF LineF 1988-8920%Shodfall 180,383 - - - 180,383 Pg 1 Pg 1 LineG LineG 1990-9120% Set Aside 2,500 - - - - 2,500 Pg 1 Pg 1 LineH uneH 1991-9220%Shortfall 32,582 - - - 32,582 TOTAL-THIS PAGE $ 20,198,193 $ 257,009 $ 22,298 $ 2,038,591 $ - $ 18,394,313 TOTALS FORWARD 311,663 1,083,968 72,309 241,791 - 1,081,531 A D _ NOTE: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation is limited by law to a July 1 -June 30 fiscal year period, only those items included on the SOI Form A is to be included on this document. To assist in fallowing each item of indebtedness from one SOI to the next, use page and line number references from each SOI that the item of indebtedness is listed on. If [he indebtedness is new to this fiscal year, enter "new" in the "Prior Yr" page and line columns. Column F must equal the current SOI, Form A Total Outstanding Debt column. * Adjustment reflects accrued interest for FY 2008-09. ** Ocean Park Refunding Bonds adjustment reflects 80% fnancing by Ocean Park Fund and 20% financing by Low/Mod Housing Fund. *** Adjustment reflects increase in estimate used on previous SOI. RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 2 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1A Tax Year: 2008-2009 Reconciliation Dates: From July 1, 2008 to June 30, 2009 A B C D E F Debt Identifcation: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI, page and line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Olher Funds (A+B-C-D-E) Pg 1 Pg 1 Linel Linel 1992-9320% Shortfall $ 72,763 $ - $ - $ - $ - $ 72,763 Pg 2 Pg 1 Line C Line J 2008-09 Reimb. Agreement"" 184,900 11,200 56,788 139,312 - Pg 2 Pg 2 Linea LineA 2008-09 Admin Indirect 54,000 - 1,093 52,907 - - Pg NEW Pg 2 Line Line B 2009-10 Admin Indirect - 49,498 - - 49,4gg Pg NEW Pg 2 2009-10 Reimbursement Line Line C Agreement 189,900 - - - 189,900 Pg NEW Pg 2 Line LineD 2009-1020°/ Housing Set Aside - 702,370 - 702,370 Pg NEW Pg 2 Line Line E 2009-10 AB 2557 - 67,000 - .67,000 Pg NEW Pg 2 Line Line F 2008-09 AB 2557 - 64,000 14,428 49,572 - P9 P9 Line Line _ Pg Pg Line Line Pg Pg Line line TOTAL-THIS PAGE $ 311,663 $ 1,083,968 $ 72,309 $ 241,791 $ - $ 1,081,531 STATEMENT OF INDEBTEDNESS -CONSOLIDATED Cover Page FILED FOR THE 2009-10 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1 B Balances Carried Forward From: Form Form B Current Total Principalllnberest ndlnn Debt Due During Tax Year Available Revenues ~ ' ~+ From Calculation of Available Revenues, Line 7 (4) - 1,048,773 ,,,, w , 783 Consolidate on this form all of the data contained on Form A and B (including supplemental pages). Form A is to include all indebtedness entered into as of June 30 of the Fiscal Year. Form B may be filled at the option of the agency, and is to include indebtedness entered into post June 30 of the- Fiscal Year, pursuant to Health and Safety Code Section 33675(c)(2). This is optional For each agency and is not a requirement for filling the Statement of Indebtedness. The Reconciliation Statement is to include indebtedness from Form A only. Certification of Chief Financial Offcer: 'Carol Swindell Director of Finance Pursuant to Section 33675 (b) of the Health and Safety Code, Name: Titte: I hereby certify that the above is a [rue and accurate Statement of ~„ /j ~ /~ Indebtedness for the above named agency. ~/.Iw/~d71 1 yrq~//t/~/~ Signature: ~ Date: 9129109 CALCULATION OF AVAILABLE REVENUES AGENCY NAME PROJECT AREA TAX YEAR: 2008-2009 RECONCILIATION DATES: Redevelopment Agency of the City of Santa Moriica California R 37/44 (Ocean Park) 1 B JULY 1 2008 1. Beginning Balance, Available Revenues (See Instructions) TO JUNE 30. 2009 $ 879,273 2. Tax Increment Received -Gross All Tax Increment Revenues, to include any Tax Increment passed through to other local taxing agencies. 3. All other Available Revenues Received (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 1 through 4 6. Total amounts paid against indebtedness in previous year. (D + E on Reconciliation Statement) Available Revenues, End of Year (5 - 6) FORWARD THIS AMOUNT TO STATEMENT OF COVER PAGE, LINE 4 NOTES Tax Increment Revenues: 483,112 19,894 1,382,279 333,506 $ 1,048,773 The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set-aside in the Low and Moderate Income Housing Fund will 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" 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 included on line 4 above in order to accurately determine ending "Available Revenues". STATEMENT OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS Form A FILED FOR THE 2009-2010 TAX YEAR Page 1 of 1 Name of Redevelopment Agency Redeveopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1 B For Indebtedness Entered into as of June 30, 2009 Odglnal Data Current Interest Total Total Principal/interest Oebl Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Vear 5% Above (A) Santa Monica Note #2 06/30/81 $ 387,899 Demand CSM Rata $ - $ 666,307 $ 666,307 (B) 2007-OS 20% Housing Set Aside 06/12/07 76,275 Open Nane 5% Above (C) Santa Monica Nole #5 09/14/83 123,316 Demand CSM Rate ' 83,534 83,534 (D) Rehab Off-Site Housing 05/08/84 1,093,500 50 Vears Nane 631,073 16,994 (E)OP Refunding Bonds-2002' 05/02/02 2,201,910 i6 Years 5.03% 999,574 1,953,611 196,265 (F) 2008-09 Reimb. Agreement 06/17/08 22,928 Open None (G)2008-09 Admin lntlirect 06/17/08 8,037 Open None (H)2009-10 Admin lntlirect 06/23/09 7,911 Open None 7,911 7,911 (I) 2009-10 Reimbursement Agreement 06/23/09 24,490 Open None 24,490 24,490 (J) 2009-10 20% Housing Set Asitle 06/23/09 83,630 Open None 83,630 83,630 (K)2009-10 AB 2557 06/23/09 9,000 Open None 9,000 9,000 (L) 2008-09 AB 2557 06/23/09 8,000 Open None Sub Total, This Page $ 3,459,556 $ 1,088,131 Totals Forwarded From All Other Pages _ Total This Page $ 3,459,556 $ 1,088,131 Purpose of Indebtedness: (A) Redevelopment antl operation costs (B) 20 % Housing Set Aside (C) Federal project portion closeout costs (O) Lease of units at 175 Ocean Park eoulevartl Series 1992 (E) Advance Refunding of Ocean Park 1992 Bontls (K) AB 2557 fees (F) Operation Expentlitures (G) Operation Expenditures (H)Operation Expenditures (p Operation Expentlitures (J) 20% Housing Sel Aside (Per Sec 33334.2 of Ca Redev Law) (L)AB 2557 fees RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 1 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1 B Tax Year: 2008-2009 Reconciliation Dates: From July 1, 2008 to June 30, 2009 A B C D E F Debt Identifcation: Outstanding Debt Adjustments Amounts Paid Against Remainin SOI, page and line: Brief All Beginning Increases Decreases Indebtedness, from: g Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+g-C-D-E) Pg 1 LineA Pg 1 LineA Santa Monica Note#2' $ 643,644 $ 24,309 $ 1,646 $ -- $ - $ 666,307 Pg 1 Line J Pg 1 Line B 2008-09 20 % Housing Set Aside"" 80,438 5,571 86,009 - P9 1 Line C Pg 1 Line C Santa Monica Note #5* 80,822 2,712 - - - 83,534 P9 1 Line D Pg 1 Line D. Rehab Off-Site Housing 648,067 - - 16,994 - .631,073 Pg 1 Line E Pg 1 Line E OP Refunding Bonds - 2002 2,150,375 196,764 - 1,953,611 Pg 1 Line I Pg 1 Line F 2008-09 Reimb. Agreement" 23,780 - 5,706 18,074 - _ Pg 1 line H Pg 1 Line G 2008-09 Admin Indirect 6,910 1,882 8,792 _ _ Pg NEW Line Pg 1 Line H 2009-10 Admin Indirect 7,911 - - - 7,911 TOTAL-THIS PAGE $ 3,634,036 $ 42,385 $ 7,352 $ 326,633 $ - $ 3,342,436 TOTALS FORWARD - 125,120 1,127 6,873 - 117120 GRAND TOTALS $ 3,634,036 $ 167,505 $ 8,479 $ 333,506 $ - $ 3,459,556 RECONCILIATION STATEMENT -CHANGES IN INDEBTEDNESS Page 2 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1 B Tax Year: 2008-2009 Reconciliation Dates: From July 1, 2008 to June 30, 2009 A B C D E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI, page and line: Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+B-C-D-E) Pg NEW Pg 1 2009-10 Reimbursement Line Line I Agreement $ - $ 24,490 $ - $ - $ 24,490 Pg NEW Pg 1 Line Line J 2009-10 20% Housing Set Aside - 83,630 - - - 83,630 Pg NEW Pg 2 Line Line K 2009-10 A8 2557 9,000 - - - 9,000 Pg NEW Pg 2 Line Line L 2008-09 AB 2557 8,000 1,127 6,873 - - Pg Line Line - Pg Pg Line line Pg Pg Line Line Pg Pg Line Line TOTAL-THIS PAGE $ - $ 125,120 $ 1,127 $ 6,873 $ - $ 117,120 NOTE: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation is limited by law to a July 1 -June 30 fiscal year period, only those items included on the SOI Form A is to be 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 indebtedness is listed on. If the indebtedness is new to this fiscal year, enter "new" in the "Prior Yr" page and line columns. Column F must equal the current SDI, Form A Total Outstanding Debt column. Adjustment reflects accrued interest for FY 2008-09 "' Adjustment reflects increase/decrease in estimate used on the previous SOI. Attachment D -Revised 12/7/2009 California Department of Housing and Community Development Redevelopment Agency Annual Housing Activity Report Fiscal Year Ending 06/30/2009 SCHEDULE HCD-A Inside Project Area Activity for Fiscal Yeaz that Ended 06 ! 30 / 2009 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake Preparer's Name, Title: Martin Kennerly, Adm. Svcs. Ofcr. Preparer's E-Mail Address: martih.kennerly@smgov.net Preparer's Telephone No: (310) 458-8757 Prepazer's Facsimile No: (310) 391-9996 1. Project Area Infarmat9on GENERAL INFORMATION a. 1. Yeaz 1~` plan for project azea was adopted: 1994 2. Year that plan was last amended (if applicable): 2006 3. Was plan amended after 2001 to extend time limits per Senate Bi11211 (Chapter 741, Statutes of 2001)? YesQNo~ 4. Current expiration ofplan: - 06 /21 / 2027 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: Identify former project areas that merged:_ d. Year(s) project area plan was amended involving real property that either: (1) Added properly to plan: (2) Removed property from plan: 2. Affordable Housing Replacement and/or Inclusionary or Production Requirements (Section 33413). 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 elected to apply all 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/A Date: / / Resolution Scope (applicable Section 33413 mo day yr Post-1975 uroiect aeeas and ge~raphic areas added by amendment after 1975 to pre-1976 project areas: Both replacement and inclusionary or production requirements of Section 33413 apply. _ NOTE: Amounts to report on HCD-A lines 3a(1), 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 ofTransfers-In from Internal Funds and the reporting of Other Sources as discussed below: Transfers-In from other internal funds: Report the amount of transferred funds on applicableHCD-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 Debt Service Fund on HCD-A. Line 3a(3) when reporting debt service expenditures 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-Fiscal Yeaz 2008-2009 HCD-A seh A (9i21io9) Page 1 of 6 Agency Name: Santa Monica RedevelopmenfAgency Project Area Name: Earthquake Proiect Area Housine 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 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), ifthis project azea 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 Line 3a(1) the full 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 3 a(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(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: $ 66,251,106 (2) Calculate only 1 set-aside amount: either A or below: (A) 20%required by 33334.2 (Line 3a(1) x 20%): $ 13,250,221 (B) 30%required by 33333.10(8) (Line 3a(1) x 30%): $ (Senate Bi11211, Chapter 741, Statutes of 2001) (3) Amount of set-aside (Line 3a(2)) allocated to Housing Fund $ 13,250,221 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 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)]: $ 13,250,221 b. Interest Income: $ 439,172 c. Rental/Lease Income (combine amounts separately reported to the SCO): $ d. Sale of Real Estate: - $ e. Grants (combine amounts separately reported to the SCO): - $ £ Bond Administrative Fees: $ g. Deferral Repayments (also complete Line Sc(2) on the next page): $ h. Loan Repayments: _ $ i. Debt Proceeds: $ 15,485,324 j. Other Revenue(s) [Explain and identify amount(s)]: $ $ $ k. Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6) - 3j.): $ 28,174,717 California Redevelopment Agencies -Fiscal Year 2008-2009 - HCD-A Sch A (9/21/09) Page 2 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake Exemation(sl 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 Fdndine is required to be submitted to HCD) ^ 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 June 30,1993 but ~ contracts entered into prior to May 1, 1991 may not be subject to the exemption sunset. ^ Other: Specify code section and reason(s) b. For any exemption claimed on Page 2, Line 3a(4) and/ot Line 4a above, identify: Date that initial (I ~h 5nding was adopted: / / Resolution # Date serrt to HCD: / / mo day yr mo day yr Adoption date of reporting vear finding: / / Resolution # Date sent to HCD: / / mo day yr - mo day yr Deferral(s) 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 1985, if net proceeds were used to refinance pre-1986 listed obligations. Note: The deferral previously authorized by Section 33334.6(e) expired. It gvas only allowable in each fiscal year prior to July 1, 1996 with certain restricfions. ^ 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 15t) finding was adopted: / ~ / Resolution # Date sent to HCD: / / mo day yr mo day yr .Adoption date of reportingyear finding: / / Resolution # Date sent to HCD: / / mo day yr 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 year: N1A 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 amoamt set-aside should also be shown on $* Line 8a. 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): Catifomia Redevelopment Agencies-Fiscal Year 2008-2009 HCD-A seh A (etz uo91 Page 3 of 6 Agency Name: Santa Monica Redevelopment Agency Deferral(s) (continued) 5. Project Area Name: Earthquake d. Section 33334.6(8) requires any agency which defers set-asides to adopt a plan to eliminate the deficit in subsequent yeazs. N/A If this agency has deferred wt-asides, has it adopted such a plan? Yes ^ No ^ If yes, by what date is the deficit to be eliminated? If yes, when was the orieinal plan adopted for the claimed deferral? Identify Resolution # Date Resolution sent to HCD When was the last amended plan adopted for the claimed deferral? Identify Resolution # Date Resolution sent to HCD mo day yr mo day yr / / mo day yr / / mo day yr / / mo day yr Actual Project Area Households Disnlaced and Units and Bedrooms Lost Over Reuortine Year: 6. a. Redevelopment Project Activitv. Pursuant to Sections 33080.4(a)(1) and (a)(3), report by income category the number of elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the reporting yeaz, (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 Requiredto Replace Above Moderate Bedrooms Lost That Agency is Not Required to Replace b. Other Activitv. Pursuant to Sections 33080.4(a)(1) and (a)(3) based on activities other than the destmction or removal of dwelline units and bedrooms reported on Line 6a, report by income category the number of elderly and nonelderly households permanently displaced over the reuortine yeaz: N/A Number of Households Other Activity VL L M AM Total Households Permanently Displ2ced -Elderly Households Permanently Displaced -Non Elderly Households Permanently Displaced -Total c. As required in Section 33413.5, identify, over the reportin¢ 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 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. California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-A scn A (9nvo9) Page 4 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake Estimated Project Area Households to be Permanently Displaced Over Current Fiscal Year: 7. a. As required in Section 33080.4(a)(2) for a redevelopment project ofthe agency, estimate, over the current fiscal veer, 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 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 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 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 Project Area to Fulfill Requirements of Other Project Area(s1 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 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 or more project azeas 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 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 of Dwellin Units Name of Other Project Area(s) VL L M Total California Redevelopment Agencies -Fiscal Yeaz 2008-2009 HCD-A sch A (9Y11/o9) Page 5 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake Sales of Owner-Occupied Units Inside the Project Area Prior to the Expiration 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 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) yeazs 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. Sales. Did the agency permit the~sale of anyowner-occupied units during the reporting year? ®No ^Yes b. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years? F- Total LMIHF 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 Project Area Within'I`~vo 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 years from the date of the agreement or contract executed over the reporting 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 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 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/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 sepazate sheet of paper to list additional information. See Attached Schedule. ~ Total Proceeds From Sales Over Reporting Year Number of Units SALES VL L M Total Units Sold Over Reporting Year Equal Units. ®No ^Yes California RedevetopmentAggncies-Fiscal Year 2008-2009 HCD-A seh A (9iztio9) Page 6 of 6 Attachment to Schedule A -Earthquake Recovery Affordable Units 4o be 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 years from the dateof the a¢eement or contract executed over the reportine year. Identify the project and/or conhactor, 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 contract date. LoIA_ Co1B CoIC Co1D CoIE Name of ' Agreement Estimated Schedule C Schedule C 'Project and/or Execution Date Completion Date Amount Amount VL L M Total Contractor ` (wiin 2 yrs of Col Encumbered Designated B) (Line:6a) (line 7a) : New Construction (AgencyASSisted) ~ ~ Y 1458 14'" Street 02/10/2007 12/2009 $1,195,096 14 5 19 30 Pico Blvd. 1/16/2009 12/2011. 32 32 (Non-Agency Assisfed) .. ..,, 1420 5`h St 5 5 1442 5th St. 5 5.. 1545 6'" St. 5 5 1514 7fh St. 20 6 26 1751 Appian Way 3 ;3 1906 Broadway Blvd. 3 3 ~. v ~~ z z ~ + u Rehabilitation -a,~,~, r,. ~~t~~~~~~~,~elSri.~,15~ tsi r, nptttt ~; x~;,. -. r a ;.. ~. .Fr s5:~rm?~ _ la 9*axi.~.~h~°;~..d _ce., ,ms .L , a .f~ ,~.A~/J.k (Agency Assisfed) A ~ ~ ~~~,g`~t~~~'i ~~rt~~MaJ~',~,~a a ~x o-`,: r~ t.~' k. .,. _ .Pec~M~: k ~i~~ ~'~.o {.a~ ~ iYr n, ... ...d a n r., ,., y144"st. 10/29/2008 1u/zuw $2,123,151 16 16.: 2029-31 20th St. 12/16/2008 12/2009 12 12 143825t"St. 10/22/2008 10!2010 $1,327,661 12 12: 844 Lincoln Blvd. 10/29/2009 7/2010 10 10 TOTALS: $4,645,908 52 90 6 148 California Redevelopment Agencies-Fiscal Year 2008-2009 - HCD-A sen a 19/zvo9) Page 7 of 6 SCHEDULE HCD-A Inside Project Area Activity for Fiscal Year that Ended 06 / 30 / 2009 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown Preparer'sName,Title: Martin Kennerly, Adm. Svcs. Ofcr. Preparer'sE-Mail Address: martin.kennerly@smgov.net Preparer's Telephone No: (310) 458-8757 1. Project Area Information Preparer's Facsimile No: (310) 391-9996 GENERAL INFORMATION a. 1. Year 1~` plan for project area was adopted: 1976 2. Year that plan was last amended (if applicable): 2006 3. Was plan amended after 2001 to extend fime limits per Senate Bill 211 (Chapter 741, Statutes of2001)? Yes~IvTO~ 4. Current expirafion of plan: 01 / 13 / 2019 mo day yr b. If project area name has changed, give previous name(s) or number: N/A a Year(s) of any mergers of the project area: NN/~~~ 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 Inclusionary or Production Requirements (Section 33413). Pre-1976 project areas not subsequently amended after 1975: Pursuantto 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 addressed in the scope of the resolution. N/A Date: / ! Resolution Scope (applicable Section 33413 requirements): mo day yr Post-1975 project areas and geoeranhic areas added by amendment after 1975 to pre-1976 proiect areas: Both replacement and inclusionary or production requirements of Section 33413 apply. NOTE: Amounts to report on 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 Report, except for the reclassifying ofTransfers-In from Internal Funds and the reporting of Other Sources as discussed below: Transfers-In from other internal funds: Report the amount of transferred Funds 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 Debt Service Fund on HCD-A, Line 3a(3) when reuortin¢ debt service expenditures 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-. Fiscal Yeaz 2008-2009 HCD-A SchA(9/21/09) page 1 of6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown Project Area Housing 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 reporting yeaz. 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 area is named as beneftciary in the authorizing resolution. Any other revenue sources not reported on lines 3a.-3i., should also be reported on Line 3j. Enter on Line 3a(I) the full 100% of gross Tax Increment allocated nrior 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 (%Lplain 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 Fund [Line 3a(3)]. a. Tax Increment: (I) 100%ofGross Allocation: $ 996,838 (2) Calculate only 1 set-aside amount: either A or below: (A) 20%required by 33334.2 (Line 3a(1) x20%): $ 199,368 (B) 30%required by 33333.10(g) (Line 3a(1) x 30%): $ (Senate Bi11211, Chapter 741, Statutes of 2001) (3) Amount of set-aside (Line 3a(2)) allocated to Housing Fund $ 199,368 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 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)]: $ 199 368 b. Interest Income: $ 19,118. c. RentaVLease 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) - 3j.): $ 218,486 California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-A scn A (9tzuo9) Page 2 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown 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 Findine is required to be submitted to HCD) ® 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 June 30,1993 but contracts entered into prior to May 1,1991 may not be subject to the exemption sunset. ^ Other: Specify code section and reason(s): b. For any exemption claimed on Page 2, Line 3 a(4) and/or Line 4a above, identify: Date that initial (151) findine was adopted: / / Resolution # Date sent to HCD: / / mo day yr mo day yr Adoption date of reporting yeaz fmdin~: / / 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 1985, ifnet proceeds were used to refmance pre-19861isted obligations. Note: The deferral previously authorized by Section 33334.6(e) expired: It was only 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, Line 3a(5) and/or Line Sa above, identify: Date that initial (1511 fmdme was adopted: / / Resolution # mo day yr Adoption date of reporting veaz fmdine: / / Resolution # mo day yr 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 year: N/q 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): Califnmia Redevelopment Agencies-fiscal Yea22008-2009 HCD-A Sch A (921/09) Page 3 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown Deferral(s) (confinued) d. Section 33334.6(g) requires any agency which defers set-asides to adopt a plan to eliminate the deficit in subsequent years. If this agency has deferred set-asides, has it adopted such a plan? Yes ^ No ^ If yes, by what date is the deficit to be eliminated? Ifyes, when was the orieina] plan adopted for the claimed deferral? Identify Resolution # Date Resolution sent to HCD When was the last amended plan adopted for the claimed deferral? Identify Resolution # Date Resolution sent to HCD mo day yr / / mo day yr / / mo day yr / / mo day yr mo day yr Actual Project Area Households Displaced and Units and Bedrooms Lost Over Renortina Year: 6. a. Redevelopment Project Activity. Pursuant to Sections 33080.4(a)(1) and (a)(3), report by income category the number of elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the reporting veaz• (refer to Section 33413 for unit and bedroom replacement requirements). NIA 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(a)(1) and (a)(3) based on activities other than the destruction or removal of dwelline units and bedrooms reported on Line 6a, report by income category the number of elderly and nonelderly households permanently displaced over the reportirie 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 yeaz, 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 / / 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. California Redevelopment Agencies-Fiscal Year 2008-2009 HCD-A sen A (9/21/09) Page 4 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown Estimated Project Area Households to be Permanen4ly 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 year, the number of elderly and nonelderly households, by income category, expected to be permanently displaced. (Note: actual displacemerits will be reported for the next reporting year on Line 6). N/q 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 ,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 in 7a. Date / / mo day yr Date / / mo day yr Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet ofpaper listing any additional housing plans adopted. Units Developed Inside the Project Area to Fulfill Reanirements of Other Project Area(s) 8. Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project azeas to fulfill another project azea's requirement to construct new or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and fmds, 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 construct new or substantially rehabilitate dwelling units? ® No. ^ Yes. Date initial finding was adopted? / / Resolution # Date sent to HCD: / / mo day yr mo day yr Number ofllwellin Units Name of Other Project Area(s) VL L M Total California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-A Sch A (9/21/09) - - Page 5 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown Sales of Owner-Occupied Units Inside the Project Area Prior to the Expiration 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 ofthe land use controls established by the agency. Agencies must deposit sale proceeds into the Low and Moderate Income Housing Fund and wiihinthree (3) yeazs 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. 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 affordability to units sold over the last three reporting years? ~ Total LNIIHF 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 Project 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 rivo vears from the date of the agreement 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 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 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/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 separate sheet of paper to list additional information. < Total Proceeds From Sales Over Reporting Year Number of Units SALES VL L M Total Units Sold Over Reporting Year Equal Units. ®No ^Yes California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-A sch w (9i21io9) Page 6 of 6 SCHEDULE HCD-A Inside Project Area Activity for Fiscal Year that Ended 06 / 30 / 2009 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A Preparer'sName,Title: Martin Kennerly, Adm. Svcs. Ofcr. PrepazersE-Mail Address: martin.kennerly@smgov.net Preparer's Telephone No: (310) 458-8757 Preparer's Facsimile No: (310) 391-9996 1. Project Area Information GENERAL INFORMATION a. I. Year 1 ~` plan for project area was adopted: 1980 2. Year that plan was last amended (if applicable): 2006 3. Was plan amended after 2001 to extend time limits per Senate Bi11211 (Chapter 741, Statutes of 2001)? Yes^No~ 4. Current expiration of plan: 01 / 01 / 2012 mo day yr b. If project azea name has changed, give previous name(s) or number: c. Year(s) of any mergers of the project area: Identify former project areas that merged:_ d. Year(s) project area plan was amended involving real property that either: (I) Added property to plan: N/A (2) Removed property from plan: 2. Affordable Housing Replacement and/or Inclusionary or Production Requirements (Section 33413). Pre-1976 ~roiect 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 al] 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 addressed in the scope of the resolution. N!A Date: / / Resolution Scope (applicable Section 33413 requirements): mo day yr Post-1975 project areas and peogmnhic aeeas 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 on HCD-A lines 3a(I), 3b-3f, and 3i. can betaken 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 from Internal Funds and the reporting of Other Sources as discussed below: Transfers-In from other internal funds: Report the amount of transferred funds 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(I) 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 Debt Service Fund on HCD-A. Line 3a(3) when reuortine: debt service exuenditures 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-fiscal Year 2005-2009 HCD-A seh A 19izuo9) rage 1 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A Proiect Area Housing 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 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 area is named as beneficiarv in the authorizine resolution. 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 rocs 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 (%), exrolain the difference). If any amount of Tax Increment was exempted or deferred, in addition to completine lines 3a(41 and/or 3a(51, 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: $ 3,558,693 (2) Calculate only 1 set-aside amount: either A or below: (A) 20%required by 33334.2 (Line 3a(1) x 20%): $ 711,739 (B) 30%required by 33333.10(g) (Line 3a(I) x 30%): $ (Senate Bi11211, Chapter 741, Statutes of 2001) (3) Amount ofset-aside (Line 3a(2)) allocated to Housing Fund $ 711 739 * 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 azea, identify the project area(s) contributing the difference. Explain any other reason(s): (4) Amount Exempted [Health & Safety Code Section 33334.2] (if there is an amount exempted, also complete question'~4, next page} ($ ) (5) Amount Deferred [Hea]th & 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 Lme 3a(3) through 3a(5)]: $ 711,739 b. Interest Income: $ 9,946 c. RentaULease Income (combine amounts separately reported to the SCO): $ d. Sale of Rea] Estate: $ e. Grants (combine amounts separately reported to the SCO): $ £ 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) - 3j.): $ 721,555 California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-A Sch A (9/21/09) - Page 2 of 6 Agency Name: Santa Monica Redevelopment Agency Project AreaName: 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 Findin¢ is regaeired to be submitted to HCD) ^ 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 exemprion expired on June 30,1993 but ',. contracts entered into prior to May 1,1991 may not be 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 initial (lsh fording was adopted: / / Resolution # Date sent to HCD: / / - mo day yr mo day yr Adoption date of reporting year finding: / / Resolution # Date sent to HCD: / / mo day yr mo day yr Deferral s 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 1985, 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 fiscal year 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~`) finding was adopted: / / Resolution # Date sent to HCD: / / mo day yr mo day yr Adoption date of reporting near fording: ! / Resolution # Date sent to HCD: / / mo day yr 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 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-aside should also be shown on HCD-C, Line 8a. 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 2008-2009 HCD-A sch A (9tz uo91 Page 3 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A Deferral(s) (continued) 5. d. Section 33334.6(g) requires any agency which defers set-asides to adopt a pion to eliminate the de£cit 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? If yes, when was the or~ia_mal plan adopted for the claimed deferral? Identify Resolution # Date Resolution sent to HCD mo day yr / / mo day yr / / 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 Proiect Area Households Disnlaced and Units and Bedrooms Lost Over Renortine Year: 6. a. Redeveloument Proiect Activity. Pmsuant to Sections 33080.4(a)(1) and (a)(3), report by income category the number of elderly and nonelderly 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/Units/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 Sectons 33080.4(a)(1) and (a)(3) based on activities other than the destruction or removal of dwelline units and bedrooms reported on Line 6a, report by income category the number of elderly and nonelderly households permanently displaced over the renortine 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 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 mo Date mo day yr 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 Year 2003-2009 HCD-A seh A t9iztio9) Page 4 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A Estimated Project Area Households to be Permanently Displaced Over Current Fiscal Year: 7. a. As required in Section 33080.4(a)(z) for a redevelopment project ofthe agency, estimate, over the cunent 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 Total Households Perranently 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 Date mo day yr day yr Please attach a sepazate sheet of paper listing any additional housing plans adopted. Name of Agency Custodian Name of Agency Custodian Units Developed Inside the Project Area to Fulfill Requirements of Other Project Area(s) 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 azeas 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 construct new or substantially rehabilitate dwelling units? m No. ^ Yes. Date inirial fmding was adopted? / / Resolution # ~ Date sent to HCD: / / mo day yr - - mo day yr iiTame of Other California Redevelopment Agencies-Fiscal Yeaz 2008-2009 HCD-A Sch A (9iz1io9) Page 5 of 6 Agency Name: Santa Monica RedevelopmentAgency Project Area Name: Ocean Park 1A Sales of Owner-Occupied Units Inside the Project Area Prior to the Expiration 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 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 in affordability, at the same income level, to the unit sold. a. b. Were reporting year funds spent to make units equai in affordability to units sold over the last three reporting years? < Total LMIHF Spent On Equal Units Over Re ortina Year Number of Units SALES VL L M Total Units Made Equal This Reporting Yr to Units Soid 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)(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 reportingyear. 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 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/or Execution Completion Date Encumbered Designated Contractor Date (w/in 2 rs of Col B) [Line 6a] [Line 7a] VL L " M Total $ $ $ $ 5 $ Please attach a separate sheet of paper to list additional information. Sales. Did the agency permit the sate of any owner-occupied units during the reporting year? ONo DYes ~ Total Proceeds From Sales Over Reporting Year Number of Units SALES VL L M Total Units Sold Over Reporting Year Equal Units. ®No ^Yes California Redevelopment Agencies-Fiscal Year 2008-2009 ~ HCD-A sch A (9/zt/o9) Page 6 of 6 SCHEDULE HCD-A Inside Project Area Activity for Fiscal Year that Ended 06 / 30 / 2009 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1B Preparer'sName,Title: Martin Kennerly Adm. Svcs. Ofcr. PrepazersE-MaiLAddress: martin.kennerly@smgov.net Preparer's Telephone No: (310) 457-8757 Preparer's Facsimile No: (310) 391-9996 1. Project Area Information GENERAL INFORMATION a. 1. Yeaz In plan for project area was adopted: 1961 2. Year that plan was last amended (if applicable): 2006 3. Was plan amended after 2001 to extend time limits per Senate Bi11211 (Chapter 741, Statutes of 2001)? Yes^No~ 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: Identify former prof ect aeeas that merged:_ d. Yeaz(s) project area plan was amended involving real property that either: (1) Added property to plan: N~~ , (2) Removed property from plan: ~~~ 2. Affordable Housing Replacement and/or Inclusionary or Production Requirements (Section 33413). Pre-1976 project areas not subsequently amended after 1975: Pursuant to Section 33413(d), only Section 33413(a) replacement requirements apply to dwelling units deshoyed or removed a8er 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 addressed in the scope of the resolution. N/A Date: / / Resolution Scope (applicable Section 33413 mo day yr Post-1975 project areas and eeoeraphic areas added by amendment after 1975 topre-1976 project areas: Both replacement and inclusionary or production requirements of Section 33413 apply. NOTE: Amounts to report on HCD-A lines 3a(I), 3b-3f, and 3i. can betaken from what is reported to the State Controller's OfSce (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 from Internal Funds and the reporting of Other Sources as discussed below: Transfers-In from other internal funds: Report the amount of transferred funds on applicable HCD-A, tines 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(I) and report the Housing Fuud'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(31 when reporting debt service expenditures 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 -Fiscal Year 2008-2009 HCD-A Sch A (9/21/09) Page 1 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1B Project Area Housing Fund Revenuesand Other Sources 3. Report all 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 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 Line 3a(1) the full 100% of gross Tax Increment allocated prior to applicable pass tluouFJr 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 depositedto 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: $ 483,112 (2) Calculate only 1 set-aside amount: either A or below: (A) 20% required by 33334.2 (Line 3a(1) x 20%): $ 96,622 (B) 30% required by 33333.10(8) (Line 3a(1) x 30%): ~ $ (Senate Bi11211, Chapter 741, Statutes of 2001) (3) Amount of set-aside (Line 3a(2)) allocated to Housing Fund $ 96,622 If, pursuant to Section 33334.3(1), less than the minimum. %ofGross 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 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)]: b. Interest Income: e. Rental/Lease Income (combine amountsseparately reported to the SCO): d. Sale of Real Estate: e. Grants (combine amounts separately reported to the SCO): £ 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)]: ($ ) ($ ) $ 96,622 $ 1,279 $ $ k. Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6) - 3j.): $ 97,901 California Redevelopment Agencies-Fiscal Year 2008-2009 - - HCD-A seh n (9lztto9) Page 2 of 6 AgencyAlame: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1B 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 ofthe Health and Safety Code Sections below (Note: An Annual Findin¢ is required to be submitted to HCD) ^ 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 June 30, 1993 but contracts entered into prior to May 1,1991 may not be 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: Date that initial ls`) fmdirig was adopted: / / Resolution # Date sent to HCD: / / mo day yr mo day yr Adoption date of reporting veaz finding: / / Resolution # Date sent to HCD: / / mo day yr - mo day yr Deferral(s) 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 seht to HCD before September 1986 regarding rieeding tax increment to meet existing obligations. Existing obligations can include those incurred afrer 1985, if net proceeds were used to refinance pre-19861isted obligations. ~~ Note: The deferral previously authorized by SeMion 33334.6(e) expired. It was only allowable in each fiscal year prior to July 1, 1996 with certain restricfions. ^ Other: Specify code Section and reason: b. For any deferral claimed on Page 2, Line 3a(5) and/or Line Sa above, identify: N/A Date that initial (1 ", fmdin was adopted: / / Resolution # Date sent to HCD: / / mo day yr mo day yr Adoption date of reportin¢ yeazfinding: / / ~ Resolution # Date sent to HCD: / / mo day yr 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 year: N!A Amount of Prior Cumulative Amount Amount Deferred Deferrals Repaid Deferred (Net of Any Fiscal Year This Reportin¢ FY During Reportinu FY Amount(s) Repaid) (1) Last Reporting FY $ (2) This Reporting FY $ $ $ * The cumulative amount ofdeferred set-aside should also be shown on HCD-C, Line 8a. 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 2008-2009 HCD-A sch A (9nlto9) Page 3 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1B Deferral(s) (continued) 5. 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 the deficit to be eliminated? / / If yes, when was the orieinal plan adopted for the claimed defena]? Identify Resolution # Date Resolution sent to HCD When was the last amended plan adopted fnr the claimed deferral? mo day yr / / mo day yr / / mo day yr / / mo day yr Identify Resolution # Date Resolution sent to HCD mo day yr Actual Proiect Area Households Displaced and Units and Bedrooms Lost Over Reuortine 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 permanently displaced and the number of units and bedrooms removed or destroyed, over the reportine vear, (refer to Section 33413 for unit and bedroom replacement requirements). N/A Nnmhar of Hnncrhnlds/tinitclRrdrnnmc 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)(1) and (a)(3) based on activities other than the destmction or removal of dwelline units and bedrooms reported on Line 6a, report by income category the number of elderlymmd nonelderly households permanently displaced over the reporting vear: N/A l~nmhrr of Nnnewhnlde 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 reportin 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 bb. N/A - Date / / mo day yr Date / / Name of Agency Custodian Name of Agency Custodian mo day yr Please attach a separate sheet of paper listing any additional housing plans adopted. California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-A Sch A (9/21/09) ~ Page 4 of 6 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1 B Estimated Proiec4 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 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 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 year, identify each replacement housing plan required to be adopted before the permanent displacement, destruction, andlor removal of dwelling units and bedrooms impacting the households reported in 7a. N/A pate / / 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 FulSll 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 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 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 constmct new or substantially rehabilitate dwelling units? 0/ No. ^ Yes. Date initial finding was adopted? mo day yr Resolution # - Date sent to HCD: mo day yr Number of llwellin Units Name of Other Project Area(s) VL- L M Total California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-A seen (9/21/09) Page 5 of 6 Agency Name: Santa Monica Redevelopment Agency Project AreaName:Ocean Park 1B Sales of Owner-Occupied Units Inside the Proiect Area Prior to the Expiration 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 ofthe period ofthe 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 in affordability, at the same income.level, to the unit sold. 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 affordability to units sold over the last three reporting years? F- Total LMIHF 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 Within Two Years 10. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be fmanced 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 re~ortine 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 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 yeaz'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/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 sepazate sheet of paper to list additional information. .p ~ Total Proceeds From Sales Over Reporting Year Number of Units SALES VL L M Total Units Sold Over Reporting Year Eaual Units. ^/ No ^Yes California Redevelopmen[Agencies-Fiscal Year 2008-2009 - HCD-A Sch A (9/21/09) Page 6 of 6 SCHEDULE HCD-B Agency Name: Santa Monica Redevelopment Agency Project Name: Los Angeles Preparer's Name, Title: Rochelle Margolin Preparer's E-Mail Address: Rochelle.Margolin(c~smgov.net Preparer's Telephone No: _310-458-2232x5010 Preparer's Facsimile No: 310-396-6036 Actual Households Displaced and Units and Bedrooms Lost Outside of Project Area(s) Over Reporting Year 1. a. Redevelopment Project Activitv. Pursuant to Sections 33080.4(a)(1) and (a)(3), report by income category the number of elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the reporting year, (refer to Section 33413 for unit and bedroom replacement requirements). Number of Households/Units/Bedrooms Activity VL L M AM Total Households Permanently Displacetl -Elderly 0 Households Permanently Displaced - NonEdderly 1 1 Households Permanently Displaced -Total 1 1 Units Lost (Removed or Destroyed) and Required to be Replaced 1 1 Bedrooms Lost (Removed or Destroyed) and Required to be Replaced 2 2 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 Activitv. Pursuant to Sections 33080.4(a)(1) and (a)(3) based on activities other than the destruction or removal of dwelling units and bedrooms reported on Line 1 a, report by income category the number of elderly and nonelderly households permanently displaced over the re op rting 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 Outside Project Area Activity for Fiscal Year Ended 06/30/2009 c. 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. Date 10 / 25 /OS_ mo day yr Date / / Name of Agency Custodian Community Corporation of Santa Monica mo day yr Name of Agency Custodian Please attach a separate sheet of paper listing any additional housing plans adopted. California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-B Sch B (9/21/09) Page 1 of 2 Agency Name: Santa Monica Redevelopment Agency HCD B (Outside Project Area) Estimated Households Outside of Proiect Area(sl to be Permanently Displaced Over Current Fiscal Year 2. 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 elderly and nonelderly households, by income category, expected to be permanently displaced. (Note: actual displacements will be reported for the next reporting yeaz on Line 1). Estimated Permanent Displacements 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 b. As required in Section 33413.5, for the current fiscal, 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 Sales. Did the agency permit the sale of any owner-occupied units during the reporting year? ®No ^Yes mo day yr Date / / Name of Agency Custodian mo day yr Please attach a separate sheet of paper listing any additional housing plans adopted. Sales of Owner-Occupied Units Outside. of Proiect Area(s) Prior to the Expiration 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 shazing program, agencies may permitthe-sate 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) yeazs from the date the unit was sold, expend funds to make another unit equal in affordability, at the same income level, as the unit sold. a. b. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting ~ Total LMH3F spent on Equal Units Over Reporting Year Number of Units Income Level 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 Yrto Units Sold Two Reporting Yrs Ago Units Made Equal This Repdrting Yr to Units Sold Three Reporting Yrs Ago Affordable Units to be Constructed Outside of Proiect Area(s) Within Two Years From Date of Agreement or Contract 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 agreement or contract executed over the reporting-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 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. DO NOT REPORT ANY UNITS SHOWN ON SCHEDULES HCD As OR Ds. Col A Col B Col C Col 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 yrs of Col B) [Line 6a] [Line 7a] VL L M Total $ S $ $ $ $ Attached ~ Total Proceeds From Sales Over Reporting Year Number of Units Income Level VL L M Total Units Sold Over Current Reporting Year Name of Agency Custodian Eaual Units. years? ®No ^Yes California Redevelopment Agencies -Fiscal Yeaz 2003-2009 HCD-B Sch s (9/21/09) - Page 2 of 3 Agency Name: Santa Monica Redevelopment AQencv HCD B (Outside Project Area) Attachment to Schedule B -Outside Project Areas Affordable Units to be Constructed Outside the Project Area(s) Within Two Years From Date of Agreement or Contract 10. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be fmanced by any federal, state, local, or private source in order for construction to be completed within two years from the date of the aereetnent or contract executed over the reporting 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 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. Col A Col C Col D Col E Name of Col B Estimated Schedule C Schedule C :Project and/or Agreement Completion Amount Amount VL Execution Date :Date Encumbered Designated Contractor (wwrn zyrs or cot el ` [Line 6a] [Line 7a] New Construction Agency Assisted .. ~ ~ ~ ~.. ,~%~ . 1943-59 High Place EAST 6/23/06 2012 $556,726 (Non-Agency Assisted) 15394' St. (Off-site location: 8 1241 5 St. (Off-site location: 5 1437 5th St. 1427 7`h St. (Off-site location: 711 Colorado Blvd.) 26 5 8 5 26 5 853 21st St. - 1 1 626 Broadway Blvd. (Off-site location: 5 5. 711 Colorado Blvd.) 1502 Broadway Blvd. 3 3 1954 High Place West 50 50 3107 Santa Monica Blvd. 1 1 Rehabilitation (AgencyAssistedJ. 2418 5th St. 08/05/2008 03/2010 $638,039 6 '6.. 2320 34`h St. 08/05/2008 8/31/2009 $627,788 6 6 : 1513 Centinela Ave. 12!03/2008 2010 8 8 750-752 Marine St. 11/11/2008 11/30/2009 $1,224,318 8 8 225 San Vicente Blvd. 06/OS/2009 5/2010 2 34 36 2624 Santa Monica Blvd. 10!24/2007 7/29/2009 7 1 8 1930 Stewart St. 101,953 ( 67~ 114 1 11/14/2000 ~ 6/2010 ~ $55,082 ~ ~ ~ I 105 ~ 105 l L ~ M [ Tota(~ 45 ' -, 45.. -. California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-B sch B (9/zi/o9) Page 3 of 3 SCHEDULE HCD-C Agency-wide Activity for Fiscal Yeaz Ended 06 /30 2009 Agency Name: Santa Monica Redevelopment Agency County: Los Angeles Prepazer's Name, Title: Martin Kennerly, 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 Housing Funds Report on the "status and use of the agency's Low and Moderate Income Housing Fund." Most information reported here should be based on information reported to the State Controller. 1. Beginning Balance (Use "Net Resources Available" from last fiscal year report to HCD) $ 18,965,187 a. If Beginnine Balance requires adjustment(shdescribe and provide dollar amount (positive/negative) making up total adjustment: Use < $ > for negative amounts or amounts to be subtracted: Prioryear a 'ustment - overaccrual of Downtown tax $ (80) increment. $ b. Adjusted Beginning Balance [Beginning Balance plus + or minus <-> Total Adjustment(s)] $ 18,965,107 2. Project Area(s) Receipts and Housing Fund Revenues a. Total Project Area(s) Receipts. Total Summedamount ofHCD-Schedule A(s) (from Line 3k) $ 30,212,789 b. 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 Fund Resources ~ $ - 0 3. Total Resources (Line lb. +Line 2a+Line 2c.) $ 49,177,896 NOTES: Many amounts to report as Expenditures and Other Uses (beginning on the next page) should be taken from amounts reported to the State Controller's Office (SCO). Review the SCO's Redevelopment Agencies Financial Transactions Report. Housing Fund "transfers-ouY' to other internal Agency funds: Report the specific use of all transferred 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 deposited to the Housing Fund should be reported on the applicable item comprising HCD-C Line 4c, providing tax increment (gross and deposit amounts) were reported on Sch-As. External transfers 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 should be reported on HCD-C Line 4a(1). Funds spent resulting in loans to the Housing Fund should be included in HCD-C lines 4b, 4f., 4g., 4h., and 4i as appropriate. The statutory cite pertaining to Community Redevelopment Law (CRL) is provided for preparers to review to determine the appropriateness ofLow and Moderate Income Housing Fund (LMIHF) expenditures and other uses. HCD does not represent that line items identifying any expenditures and other uses are allowable. CRL is accessible on the Internet (website: http://www.leeinfo.ca.~ov/ (California Law)J beginning with Section 33000 ofthe Health and Safety Code. California Redevelopment Agencies-Fiscal Yeaz 2003-2009 HCD-C Sch C (9/2(/09) Page 1 of 10 Agency Name: Santa Monica Redevelopmen4 Agency 4. Expenditures, Loans, and ®ther Uses Acauisition of Property & Buildine Sites f33334.2(e)(1)I & Housine 133334.2(e)(6 (1) Land Purchases(Irwestment-Land Held forResale)* $ (2) Housing Assets (Fixed Asset) * $ (3) Acquisition 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)] $ $ 0 * Reported to SCO as part ofAssets and Other Debts (10) Snbtotal PropertyBuilding Sites/Honsing Acquisition (S`um of Lines 1- 9) $ p b. Subsidies from Low and Moderate Income Housine Fund (CHIRP (1) 1" Time Homebuyer Down Payment Assistance $ (2) Rental Subsidies $ 559.741 (3) Purchase of Affordability Covenants [33413(b)2(B)] $ (4) Other [Explain and identify amount(s)]: $ $ $ 0 (5) Subtotal Subsidies from LMIHP (Sum of Lines 1- 4) $ 559.741 c. Debt Service [33334.2 e)(9)]. If paid from LMIFIIF, report LiVIIHF's share of debt service. If paid from Debt Service Fund, ensure "gross" tax increment is reported on HCD-A(s) Line3a(1). (1) Debt Principal Payments (a) Tax Allocation, Bonds & Notes $ 560,000 (b) Revenue Bonds & Certificates of Participation $ (c) City/County Advances & Loans $ (d) U. S. State & Other Long-Term Debt $ (2) Interest Expense $ 803,423 (3) Debt Issuance Costs $ (4) Other [Explain and identify amount(s)]: $ $ $ 0 (5) Subtotal Debt Service (Sum of Lines 1- 4) $ 1.363.423 d. Plannin¢ and Administration Costs f33334.3(e)(1)1: (1) Administration Costs (2) Professional Services (non ~ iect specific) (3) Planning/Survey/Design (non ~roiect specific) (4) Indirect Nonprofit Costs [33334.3(e)(1)(B)] (5) Other [Explain and identify amount(s)]: $ 34,584. $ $ p (6) Subtotal Planning and Administration (Sum of Lines 1- 5) $ 34,584 California Redevelopment Agencies-Fiscal Year 2008-2009 ~ - HCD-C sch c (9tztto9) _ Page 2 of 10 Agency Name: Santa Monica Redevelopment Agency 4. Expenditures, Loans, and Other Uses (continued) e. On/Off--Site Improvements [333342(e)(2)] Complete item 13 f. Housing Construction [33334.2(e)(5)] g. Housing Rehabilitation [33334.2(e)(7)] h. Maintain Supply of Mobilehome Parks [33334.2(e)(10)] i. Preservation of At-Risk Units [33334.2(e)(11)] j. Transfers Out of Agency (I) For Transit village Development Plan (33334.19) $ . (2) Excess Surplus [33334.12(a)(1)(A)] $ (3) Other (specify code section authorizing transfer and amount) A. Section $ B. Section $ $ 1 g g~~ $ 16.399.662 $ 1.257.754 Other Transfers Subtotal $ (4) Subtotal Transfers Ont of Agency (Sum of j(1) through j(3)) $ k. Other Expenditures, Loans, and Uses [Explain and identify amount(s)]: S Subtotal Other Expenditures, Loans, and Uses $ 0 L Total Expenditures, Loans, and Other Uses (Sum of lines 4a: k.) $ 36.514.450 5. Net Resources Available [End of Reporting Fiscal Year] [Page I, Line 3, Total Resources minus Totat Expendihires, Loans, and Other Uses on Line 4.1.] $ 12,663,446 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(g)(2) for defmition. Refer to item 10 on Sch-A(s) and item 4 on Sch-B. $ 7,747,861 b. Unencumbered Balance (Line 5 minus Line 6a). Also enter on Page 4, Line l la. $ 4,915,585 ~ Designated/Undesignated Amount of Available Funds a. Designated From Line 6b- Budgeted/planned to use near-term $ Refer to item 10 on Sch-A(s) and item 4 on Sch-B b. Undesignated From Line 6b-Portion not vet budgeted/planned to use g 8. Other Housing Fund Assets (non recurrent receivables) not included as part of Lme 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. $ c. Loans Receivable for Housing Activities $ d. Residual Receipt Loans (periodic/fluctuating payments) $ 32,602.725 e. ERAF Loans Receivable (all years) (Sec. 33681) $ f Other Assets [Explain and identify amount(s)]: g~ Total Other Housing,Fund Assets (Sum of lines 8a: f.) S 32.602.725 9. TOTAL FUND EQIJITY fT,ine 5 (Net Resources Available)+Rn (Total (7ther Hnnsinv Fund Assets) Compare Line 9 to the below amount reported to the SCO (Balance Sheet of Redevelopment Agencies Financial Transactions Report. [Explain differences and identify amount(s)]: ENTER LO W-MOD FUND TOTAL EQUITIES (BALANCE SHEET) REPORTED TO SCO $ $ California Redevelopment Agencies-Fiscal Year 2008-2009 HCD-C sch c (9/21/09) Page 3 of 10 Agency Name: Santa Monica Redevelopment Agency Excess Surplus Information Pursuant to Section 33080.7 and Section 33334.12(g)(1), report on Excess Surplus that is required to be determined on the fast day of a fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the ereater of: (1) $1,000,000 or (2) the aggregate amount of tax increment deposited to the Housing Fund during the prior four fiscal years. Section 33334.12(g)(3)(A) and (B) provide that the Unencumbered Balance can be adjusted for. (1) any remaining revenue generated in the reporting yeaz from unspent debt proceeds and (2) if the land was disposed of during the reporting year to develop affordable housing the difference between the fair market value of land and the value received. The Unencumbered Balance is calculated by subtracting encumbrances from Net Resources Available. "Encumbrances" are funds reserved and committed pursuant to a legally enforceable contract or agreement 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 which is larger: (1) $ I million or (2) the total of tax increment deposited over the prior four years. Subtract the largest amount from the Adjusted Balance and, if positive, report the amount as Excess Surplus. 10. Excess Surplus: Complete Columns 2, 3, 4, & 5 to calculate Excess Surplus for the reporting year. Columns 6 and 7 track prior years' Excess Surplus Column 1 Column 2 Co]umn 3 Column 4 Column 5 Column 6 Column 7 Sum of Tax Current Current Amount 4 Prior and Total Tax Increment Reporting Year Re op rting Year Expended/Encumbered Remaining Excess Current Increment Deposits Over 1~` Day ls` Day Against FY Balance of Surplus for Each Reporting Deposits to Prior Four Adjusted Excess Surplus Excess Swplus as of Fiscal Year as of Years HousingFund FYs Balance Balances End of Reporting Year End of Reporting Year 4 Rst Yrs Ago FY 04-05 $ 8,656,025 $ $ $ 3 Ryt YrsAgo FY 05-06 $ 11,154,821 $ $ $ 2 R~tt Yrs Ago FY 06-07 $ 11,629,988 $ $ $ 1 Rat Yr Ago FY 07-08 $ 13,110,428 $ $ $ CURRENT Sum of Column 2 Last Yeaz's Sch C Col 4minusaareer Reporting Adiusted Balance of Co13 or $lmm Year (renort positive $) $ 44,551,262 $ 11,855,731 $ $ $ FY 08-09 11. Reporting Year Ending Unencumbered Balance and Adjusted Balance: a. Uneneumbered Balance (End of Year) [Page 3, Line 6b] b. If eligible, adjust the Unencumbered Balance for: (1) 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 re op rtine year losses from sales/grants/leases of land acquired with low-mod funds, if 49% or more of new or rehabilitated units will be affordable to lower-income households $ 4,915,585 12. Adjusted Balance next ear's determination of Excess Surplus) [Line l laminas sum of l Ib(1) & l lb(2)] $ 4,915,585 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 reporting year, 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 2008-2009 HCD-C sch C (9/21/09) 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-income households that directly benefited from expenditures for onsite/offsite improvements which resulted 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 Benefiting from Elimination of Health and Safety Hazard Duration of Deed Restriction Very Low Low Moderate 14. If the agency is holding land for future 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 of paper listing any additional sites not reported above. 15. Section 33334.13 requires agencies which have used the Housing Fund to assist mortgagors in a homeownership mortgage revenue bond program, or home fmancing program described in that Section, to provide the following information: a. Has your agency used the authority related to definitions of inwme 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(b) 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 2008-2009 HCD-C soh c (9/21/09) Page 5 of 10 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 reporting period? YES ^ NO If yes, please indicate the amount ofnon-CHIRP 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 amormt of all LMIIIF 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 NOT SUBMITANYDOCUMENTS/RECORDS. Has your agency made any deposits to or withdrawals from the LMIHF? Yes ® 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.): Name of Agency Custodian (person): Custodian's telephone number: Place where record can be accessed: Name of document (e.g. ledger, journal, etc.): Name of Agency Custodian (person): Custodian's telephone number: Place where record can be accessed: Cash Flow Statement Martin Kennerly (310) 458-8757 1901 Main Street, Suite C Santa Monica, CA 90405 18. Use of Other (non Low-Mod Funds) Redevelopment Funds for Housing Please briefly describe the use of any non-LMIIIF redevelopment funds (i.e., conMbutions from the other 80% of tax increment revenue or other non Low-Mod funds) to construct, improve, assist, or preserve housing in the community. The Agency contributed $12,259,856 toward affordable housing projects. 19. Su¢eestions/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 funds to increase, improve, and preserve affordable housing? 20. Annual Monitorins Aenorts of Previously Completed Affordable Housing Proiects/Programs (II&SC 33418) Were all Annual Monitoring Reports received for all prior years' affordable housing projects/programs? Yes ^ No ^ California Redevelopment Agencies -Fiscal Year 2008-2009 - HCD-C sen c (9izvo9) Page 6 of 10 Agency Name: Santa Monica Redevelopment Agency 21. Excess Surplus Expenditure Plan (II&SC 33334.10(a) N/A Califnmia Redevelopment Agencies- Fiscal Year 2008-2009 HCD-C scR c (9iztio9) ~ ~ Page 7 of 10 Agency Name: Santa Monica Redevelopment Agency 22. Footnote area to provide additional information. California Redevelopment Agencies -Fiscal Year 2008-2009 $CD-(,' Sch C (9/21/09) 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 instinctive infommation for additional successful projects. Achievements maybe included in HCD's Annual Report of Housing Activities of Califomia Redevelopment Agencies to assist other local agencies in developing effective and efficient programs to address local housing needs. In addition, HCD may select various projects to receive the Director's Award for Housing Excellence. Projects maybe 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 format, please complete information for each underlined category below adaressing suggested topics in a narrative format that does not exceed two pages (see example, next page). In addition to submitting iraformatton with other HCD farms to the State Controller, please submiP achievement information on a 3.5 inch diskette and ident fy the software type and version. For convenience, the diskette can be separately mailed to: HCD Policy Division, 1800 3"~ Street, Sacramento, CA 95814 or data can be emailed by attaching the file and sending it to: rlewna hcd ca.POV. AGENCY INFORMATION • Project Type (Choose one of the categories below and one kind o f assistance representing the rim project type): New/Additional Units (Previously Unoccupied/Uninhabitablel: Existing Units (Previously Occupied) - New Construction to own - Rehabilitation of Owner-Occupied - New Construction to rent - Rehabilitation ofTenant-Occupied - Rehabilitation to own - Acquisition and Rehabilitation to Own - Rehabilitation to rent - Acquisition and Rehabilitation to Rent - Adaptive Re-use - Mobilehomes/Manufactured Homes - Mixed Use Infill - Payment Assistance for Owner or Renter - Mobilehomes/Manufactured Homes - Transitional Housing - Mortgage Assistance - Other (describe) - Transitional Housing - Other (describe) • Agency Name: • Agency Contact and Telephone Number for the Project: • Project Name • Clientele. served [owner, renter, income group, special need (e.g. large family or disabled), etc.] • Number and type of units and location, density, and size of project relative to other projects, etc. • Degree ofaffordability/assistance rendered to families by project, etc. • Uniqueness (land use, design features, additional services/amenities provided, funding sources/collaboration, before/after project conversion such as re-use, mixed use, etc.) • Cost (acquisifion, clean-up, infrastmcture, conversion, development, etc.) HISTORY • Timeframe from planning to opening • Barriers/resistance (legaUfmanciaUcommunity, etc.) that were overcome • Problems and creative solutions found • Lessons Teamed and/or recommendations for undertaking a similar project AGENCY ROLE AND ACHIEVEMENT • Degree of involvement with concept, design, approval, financing, construction, operation, and cost, etc. • Specific agency and/or community goals and objectives met, etc. Califomia Redevelopment Agencies -Fiscal Year 2008-2009 HCD-C sen c (9tzvo9l Page 9 of 10 Agency Name: Santa Monica Redevelopment Agency ,' . Proiect Type: NEW CONSTRiJCTION-OWNER OCCITPIED Redevelopment Elgency Contact: Name (Area Code) Telephone # Project/Program Name: Project or Program Descri tp ion 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. History The (City or County) of struggled for several years over what to do about the area. The tried to encourage development in the area 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, sparking 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 area 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 to 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 properly; high development cost due to need for installation of street improvements, utilities, a storm drain system, and undergrounding of a flood control creek; and glow-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 off-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 2003-2009 HCD-C sen c ~9izvoe~ Page 10 of 10 Santa Monica Redevelopment Agency Fiscal Year 2008.09 HCD-D Schedules -Summary Project HCD Forms - Afforable Uni Total Units Dt D2 D3 D4 D5 D6 D7 General Replacement Inclusionary Inclusionary Other Housing Other Housing Other Housing Project Housing Housing UnItS Housing Units Units Units Providetl Units Provitled Information Units (Inside the (Outsitle the Provided (µithout (No Agency . project Area) ProJectArea) (with LMIHF) LMIHF) Assistance) A enc Assisted -new Construction Inside EQ 46 46 Non-A enc Assisted New Constru ction -Insid e EO 2 ! 1418 7th St: J J -'. 5 50 3 954 15th St / J is - 1 7 s 606 Broadwa Ave. / / 5 50 9 12001 OI m "ic Blvd. / J .100 100 i9 !2029 OI m lc Blud, / J 'i 65 65 it 507 Wllstire J / 5 50 New construction units in eQ Project Area Subtotal 227. 368 t2 0 0 ' substantial rehab units in EQ Rroject area subtotal 0 0 A enc Assisted -New Construction Outside EO za 2411-23 Centinela Ave. J J / 36 36 Non-A enc Assisted -New Construction Outside EO S 'h -. ", i- ~ "s-`m, 1 .1Fi'i`.pn , tsr n 'w'1 4 h N h r t" "~'{t' NH'`y Htr~ n 1'~'L`4h'a~vw @~ija `,i. fy i, n\y 9 \ u N yS y n ; n~ ~t~~ ' ~ ~~ ~ S ~y, u u x1 ~ y. i^~ .,V( `-~- ,a~Fl! '~ ~ tut,2S~~~wi4,'~,p tkwu,J;c~N(~ roazic „ ~ 52 en - , °`~F; ~ U~ avj'~ Th~'~, ~hC~_,1~~~~~ ~\}\tvw~. ~'44r en ~h tl a \Gr+ M n~ ~ ~ ~ ~ H . 1) v, ~ ~,>, .1 t hu k , A vra'~ba ~u ~ i Hi L Po ~ k A,. i ~x4m~Yk. 1 N 5 ~'\, „t fi`n' t \3 a. ,i~ 1 ~, ti ~ y` fi~i'`r~y ~ij"~~,fn\?;^ ~ h P~` h "ufi ~~ °" . j C~~ ,. h~St riu~,Fti ~+ aBvt ;v. , s .k, ,+ ~. ,au.. ;ny~ ;~;~. t 5 t v ~r WF `iua,Fb4a~) ru,3 <t1 - v ' a.w :~ u'tFa)' ' a °~~~ \~ ~~~~^k ~ i~m t a r~~~;V ~ ~ 6 ,s ~ ceV,;l V ~fi l c , ;tw. . M p @ ""~ F?, .t t' a 15Y 4Ym.^y 5 y kk vMl~}~~ $ ~~ 0 ryry d~rv~~3 4 4~ ~d~ My 3P \ ~iN°yry~~J\ + ~ ~ ~V \Y wd~~ ~ ~~ ' G' ~ ~ p R:' 4 w l~ ': _Y~mt Y $v i ri1.,1 ~N iti mh l U , „ 1ttu~ $y~y~l.ya\~a"`^cn ,~'rpy1M~'~ p\Yti N ,:. r F~~t)~~$ "~a ` ` ' 5 \ , \..iae ,uv.ti~ `Yr, a1.. i,:~(u~a, n..&,v,, .1 ~ a ~ %Ht~ ° h "t 1`iIA +r,A~f `~a A. t', t h HUH 'y ~ ~ i V H M UrJ o 1 b>i"„ ~ ~ `3nu*,'Ai.2, .vurr~., , . "3. , at~rFo ~,.~. S m. F"cl~ 5 ~y a ~p y.~y. t ,o ~ .;~ , § ~y~~`S"~1 ~95;~\""P`~'~,,,\t £~:~~~yd~ ~t5,f~, yg,~-~if\~l ~ ~~ ~x,~ u 4 ^ ~ 4\ `N: ~ r ~~~~ rl~~r ~~ h ~ \\~ ~ A U"t\ `v}`\ 1 ~ e ' '" ` M ~ '~ ' ' ~ 5 4~R;d„ as~~ a m ~ r; ~r,H ,.i ;. .. .., t. , au.; ~ s w,e ~ ~x~~t ' " ~' t r u\v ~' ~~3a ' ~ ti Y \t~ ~ ~ r t " k " , f ' j ~ @ ~„ ~~. . ?P., >' ~ Y :c,\, '. V4 h , a ' „ , v- ~.~ _ ,~ ,. u sA', io ( ~ 8 ~~ ~ n~ ~'' i ,4 ~~`^ dS4Y `~c'~!r ~v P 9 \ 5&'.v~Ut 4~f`Y~,~"A lilt 11, ~~v-'u "t'! t V nyM..Y '~ ~ , }' V1 ~l t klk Yfi ~; ~ u ~ e r ~ ~ ' 5 , t ,; ,vr,A 3., aw,4.+.t s.ruxe \., ~., ~ v, v k,4 a, ., L r > ;, , Na ~ a n~ , 1# '~ V ' `." ~ A1rvn ~~ '4s" 4n,5v, r ,l\t ~' 1 ~ \~" ~~H. ~~: ++w~d, ~i o;ta'S('4 lih ~aNvw m a`; h, +s 9; vH " e e ~ ~ 'r 5 + 5 „ .. . , . , .. , „ . . .a ~, gg ~ ,;, ~k.c ~0.~~"'3't~\" `~gM@t~a? v~ ~~)ti?M t° `rz` ~: t hA T,S ~h' ~ ~ im %x'~: "~"`~ t t ~ 4 v 1 \6~ 2 a _ ~., i , , 7.s, ., F ~~. a ;w ,, k 1 , t ,.,:u. ~T, ; New [onstructi on units outside ProjectArea subtotal 0 156 A enc Assisted Rehah-Outside EO 22 22 5ubstanti al Rehab Units outside vroject Area Subtotal 22 22 D1: Generel Project Information D2: Replacement Housing Units D3: Inclusionary Housing Units (Inside the Project Area) D4: Inclusionary Housing Units (Outside the Project Area) D5: Other Housing Units Providetl (with LMIHF) D6: Other Housing Units Provided (without LMIHF) D7: Other Housing Units Provided (NO Agency Assistance) EQ -New Const. -Assisted !_'EO -New Const. -Non-Assisted Outside- New Const. -Assisted ,mss; Outside -New Const. -Non-ASSistetl Outsitle -Rehab -Assisted F:\RedevelopmenflAnnual Report- Redevelopment\Fiscal Year 2008-09\HCD FORMS\WOrd Files\Schedule DForms -Complete\Revised Summary of HCD-D Schetlules (2008-09) -revised by PM 12-7-09.x1s GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area name/agv or nonaav 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 Renta/, & 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 Project/Program: Project/Program Address (optional): Street: 1548 5r' St. Owner Name (optional): Step-up on Fifth, L. P. Santa Monica Redevelopment Aaencv Earthauake Proiec4 Area Step-up on Fifth CCU: SM ZIP: 90401 Total Project/Program Units: Restricted Units: Unrestricted Units: # 46 # 46 # For proiectslprogramsroith 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 (i5863.10(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 (mote: A umt may serve mu¢il t DISABLED (Mental) t DISABLEp (Physical) E FARMWORKER (Migrant) SpeClal IVeeOS- nelOW. JUm OI all !!le UeIUW call ex ceeu ure ivumuer vi vnns auuve~ FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use onlvwith "Other Housing Units Provided -Without LMIHF"Sch-Df Affnrdahnity and/nr Sneriaf Need Use Restriction Term (enter day/month/vear using digits, e.g. 07/01/2002): - - Re Iacement Housin Units Inclusiona Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date 02/13/2007 Restriction End Date 02/13/2062 Perpetuity Funding Sources: Redevelopment Funds: $ 5.870,000 Federal Funds $ 1.300,000 State Funds: $ 230,000 Other Local Funds: $ Private Funds: $ 27,000 Owner's Equity: $ 1 500,000 State Multifamily Housing Funds: $ 1,842,249 TCAC/State Award: $ 7 574,388 Total DevelopmentlPurchase Cost: $ 18,343.637 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 Aaencv Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D 1 s~~m (9/ztlos) 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 Agencv Redevelopment Project Area Name: Earthquake Affordable Housing Project Name: Step-up on Fifth Check only one. If both apply, complete a separate form for each (with another Sch-D1): ^Agencv Developed ®Non-Agencv 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: "INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total A. New Construction Units: 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. 44 2 46 ~ 4 2 46 Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8): B. Substantial Rehabilitation (Post `93lAB 1290 Definition of Value >25%: Credit for Obligations Since 1994): 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. 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: Onlv Multi-Family Vlow & Low 8~ Other Restrictionsl: 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. TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly /Non Elderly Units"): 46 If TOTAL UNITS is less than "Total Project Units" on HCD Schedule DI, report the remaining units as instructed below. Check all appropriate form(s) listed below that will be used to 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) ^ With 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 TOTAL INELG. VLOW LOW MOD TOTAL INELG. California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D3 Sch D3 (9/21/09) - _ SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area name/aav 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-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-1 s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing Project/Program: Project/Program Address (optional):. Street: 14187'"St. Santa Monica Redevelopment Aaencv Earthauake 1418 7`" St. Cam: ZIP: Santa Monica 90403 Owner Name (optional): Total ProjecUProgram Units: Restricted Units: Unrestricted Units: # 50 # 5 # 45 For projects/proa[ams with no RDA assistance, do not complete_any_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: (numbermust not exceed "Total Project Units') # Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available (/Vote: si umr may serve mutnpre apec/ar rveeas ueruw. aum ui au ure ueww can enceeu uie rvurnuer ~, vruw 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 Special Need Use Restriction Term (enter da /month/ ear usin di its, e.. 07/0112002): Re lacement Housin Units Inclusions Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date September 21, 2007 Restriction End Date September 21, 2062 Perpetuity Funding Sources: Redevelopment Funds: $ N/A 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-D8) ® NoAaencyAssistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Sch Dl (9/21!09) 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": Earthauake Housing Project Name: 1418 7th St eVOTE: On Phis form, only report UNITS NOT REPORTED on HCD-D2 through HCD-D6 for projeet/program uniPS that have not received any agency assistance. Agency assistance includes either financial assistance (LMIHF or other agency funds) ar nonfnancial assistance (design, planning, etc) provided by agency staff. In some cases, 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) whereas other units may be unassisted by the agency (reported on HCD-D7). The intent of this form is to: (1) reconcile any difference between total project/program units reported on HCD-DI compared to the sum of all the project's/program's units reported on HCD D2 through HCD-D6, and (2) account for other (nonassisted) '~, housing units provided inside a nroiect area that increases the agency's inclusdanary obligafiorc Reporting nonagency assisted projects outside a project area is optional ifunits do not make-up any part oftotal units reported on HCD-DI. HCD-D7 Reporfing Examples Example 1 (reporfing partial units): Anew 100 uniP project was built (reported on HCD-DI, Znside or Outside a project area). Fifty (50) units received agency assistance [30 affordable LNIZHFunits (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 The remaining 50 (privately financed and developed market-rate units) must be reported on HCD-D 7 to make up the difference between 100 reported on DI and 50 reported on D2-D6). Example 2 (reporting aZl units): Inside a project area a condemned, historfe property was substanfrally rehabilitated (mulB- family or single family), funded by tax credits and other private financing without any agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ® INSIDE Project Area..........Enterthe number foreach unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: s 45 50 Substantial Rehabilitation Units: Total Units: s as so If agency did not assist anv Hart of project mcePOi39 03/16/2009 identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area......Enterlhe number foreach 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. 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 2008-2009 Sch I77 (9/21/09) ' HCD-D7 SCHEDULE HGD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (areafnameiagy or nonagv 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 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 ProjecUProgram: Project/Program Address (optional): Street: Santa Monica Redevelopment Aqencv Earthquake 954 15`" St. CCC~: ZIP: Santa Monica 90404 Owner Name (optional): Billet Properties. LLC Total ProjectlProgram Units: Restricted Units: Unrestricted Units: # 7 # 1 # For oroiects/oroarams with no RDA assistance, do not complete anY 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: (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 "Other Housing Units Provided -Without LMIHF" Sch-D6) Affordability and/or Special Need Use Restriction Term (enter day/month/year 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 06/01/2005 Restriction End Date 06/01/2060 Perpetuity Funding Sources: Redevelopment Funds: $ N/A 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 Aqencv Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Sch Dl (9/21/09) SCHEDULEHCD-D7 HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedule D-2,3,4,5,6) Agency: Santa Monica Redevelopment Aaencv Redevelopment Project Area Name, or "Outside": Earthquake Housing Project Name: 954 15`h St. NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 through HCD-D6 for project/program units thaP have not received ~ agency assistance. Agency assistance includes either fenanciaZ assistance (LMIHF 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 ajunits in the same projecUprogram 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: (1) reconcile any difference between total project/program units reported on HCD-DI compared to the sum of all the project's/program's units reported on HCD D2 through HCD-D6, and (2) accountfor other (nonassisted) housing units provided inside a proiect area that increases the agency's inclusionary obligation. Reportine nonarency assisted proiects outside a~oject area is optional if units do not make-up anv part oftatal units reported on HCD-D7. ~ HCD-D7Renortinp Examples Example 1 (reporting partial units): Anew 100 unit project was built (reported on HCD-Dl, Inside or Outside a project area). FijPy (50) units received agency assistance [30 affordable LMIHF unfts (reported an either HCD-D2, D3, D4, or DS) and 20 above moderate units were funded wit/s other agency funds (reportedon HCD-D6)J. The remaining 50 (privately fznanced and developed markeP-rate units) must be reported on HCD-D7PO make up the difference between 100 reported on DI and 50 reported on D2-D6). Example 2 (reporting all uniPS): Inside a project area a condemned, hisPoric property was substantially rehabilitated (multi- family or single family), funded by tax credits and other private fnancing without any agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ® INSIDE Project Area..........Enter the number foreach unit type foreach applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: ~ s 7 Substantial Rehabilitation Units: Total Units: ~ s ~ If agency did not assist anv part of proiect C73247 07/37/09 identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area......Enterthe number foreach 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 proiect 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-DS) California Redevelopment Agencies -Fiscal Year 2008-2009 Sch D7 (9/27/09) HCD-D7 SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area/name/agv or nonage dev/rental or owner), complete a D1 and applicable D2-D7 Examp/es: 1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner,- Area 2: 6 Rental,' & Outside: 4 Renta/. 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-Ss. 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 Project/Program: Project/Program Address (optional): Street: 606 Broadway Owner Name (optional): Santa Monica Redevelopment Agencv Earthquake 606 Broadway C;~: ZIP: Santa Monica 90401 Total Project/Program Units: - Restricted Units: Unrestricted Units: # 50 # 5 # 45 For projects/programs with no RDA assistance do not complete anv of below or anv of HCD D2-D5. 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 # Numberof 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 "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) (allowable use on/v with "Other Housing Units Provided -Without LMIHF" Sch-O6) Affordability and/or Special Need Use Restriction Term (enter day/month/year using digits, e.g. 07/01/2002): Re lacement Housin Units Inclusions Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date 06/21/2007 Restriction End Date 06/21/2062 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: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) California Retlevelopment Agencies -Fiscal Year 2008-2009 Sch Dl (9r11/09) Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) ® NoAgencvAssistance (Sch HCD-D7) HCD-D1 SCHEDULE HCD-D7 HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedule D-2,3,4,5,6) Agency: Santa Monica Redevelopment Aaency Redevelopment Project Area Name, or "Outside": Earthquake Housing Project Name: 606 Broadway NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 through HCD-D6 for project/program units Phat have not received ~ agency assistance. Agency assistance includes eitherfznancial assistance (LMIHF or other agency funds) or nonfinancial assistance (design, planning, etc.) provided by agency staff. In some cases, of the total units reported on HCD Dl, a porfipn 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 agency (reported on HCD-D7). The intent of this form is to: (1) reconcile any difference between total projecUprogram units reported on HCD-Dl compared to the sum of all the project's/program's units reported an HCD-D2 through HCD-Db, and (2) account for other (nanassisted) housing units provided inside a project area Phat increases the agency's inclusionary obligation. Reportine nonarency assisted projects outside a project area is optional ifunits do not make-up anypart oftotal units reported on HCD-Dl. HCD-D7 Reportinp Examples Example 1 (reportingpartialuuits): Anew 100 unitproject was built (reported on HCD-D1, Inside or Outside aproject area). Fifty (50) units received agency assistance [30 affordable LMIHF uziits (reported on either HCD-D$ D3, D4, or DS) and 20 above moderate units were funded with 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 the difference between 100 reported on DI and 50 reported on D2-D6). Example 2 (reporting all units): Inside a project area a condemned, historic property was substantially rehabilitated (multi- family or single family), funded by tax credits and other private financing without any agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ® INSIDE Project Area..........Entertpe numberforeach unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 5 a5 50 Substantial Rehabilitation Units: Total UnItS: 5 45 50 If agency did not assist anv Hart of project C11914 1vlvzooa identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area......Enter the numberfor 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 atI appropriate form(s) listed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) California Redevelopment Agencies -Fiscal Year 2008-2009 Sch D7 (9/21/09) Other Housing Units Provided: ^ With LMIHF (Sch HCD-DS) ^ Without LMIHF (Sch HCD-D6) HCD-D7 SCHEDULE HCD-D1 GENERAL PROJECTIPROGRAM INFORMATION For each different Project/Program (area/name/agy 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-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 9 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 "®utside": General Title of Housing ProjectlProgram: Project/Program Address (optional): Street: 2001 Olvmoic Blvd. Owner Name (optional): 20NM. LLC Santa Monica Redevelopment Aaencv Earthquake 2001 Olympic Blvd. CCU: Santa Monica ZIP: 90404 Total Project/Program Units: Restricted Units: Unrestricted Units: # 100 # 100 #_ 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 (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 -Without LMIHF" Sch-D6 Affordability and/or Special Need Use Restriction Term (enter day/month/year 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 February 15, 2007 Restriction End Date February 15, 2062 Perpetuity Funding Sources: Redevelopment Funds: $ N/A 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 Aaencv Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Sch DI (9/21/09) SCHEDULE HCD-D7 ' ` HOUSING UNITS PROVIDED (N®AGENCY ASSISTANCE) (units not claimed on Schedule ®~2,3,Q,5,6) Agency: Santa Monica Redevelopment Agencv Redevelopment Project Area Name, or "Outside": Earthquake Housing Project Name: 2001 Olympic Cilvd. NOTE: On thisforrar, only report UNITS NOT REPORTED on HCD-D2 through HCD-D6 for project/pragrrrnr units that have rrot received rrrrv agency assisfmrce. Agency nssistnnce inclurtes eifher•fiurrncirrl assistance (LMIHF ar other agency fiords) or laorrfirraucial assistance (design, plwvriug, etc.) provirlerl by agency staff. Gr smue cases, of t/re totrrlrarits repmfed ora HCD DI, a porfiorz of units• in t/re Brameproject/progrrrrrz may be agency assisted (reported nrr HCD_D2 throzrgh HCD-D6) rvhereus other zmiPs may be anrrssisted by tlae agency (reported on HCD-D7). The brtent of this form is to: (I) reconcile rmy difference befweert total project/pragrrmz turiPS reported ora HCD~DI cornprrrerl to the Burn of alt the project's/progrmn's nnits reported an HCD-D2 tluazrglr HCD-D6, mul (?) accounP_for other (nannssisted) Irnt[S%/!g nulls pr'OVIlIel1 hlside a DI'OjC'Ct area flint i/7G'enSBS the agelPCy'S ht(:![rSlalrm}r OI/17gaP10lr. RepO]'1%3zQ nOY/ap(:riCV assiSffid proiects outside a proieci urea is optional ifznzias do not make-arp unv part oftotal ruatts repoKed as HCD-DI. HCD-D7Xeportinir Examples Exnnrple I (reporting partial units): Anew ]00 unit project wrrs bteilt (r•eporferl on HCD-DI, Insir/e nr OtrPSide a project rarer). Fifty (SO) units recefverl agency rrssfstmrce j30 affordab/e LMIHF units (reported ora either HCD~D2, D3, D4, or DS) «n120 above moderate writs were finrderL with of/rer agency finer/s (reported on HCD-D6)j. The remaining 50 (privately finnncerl mrrl developed nrar•lret--rate writs} nurst he reported on HCD-D7 to nrnke up the difference behveen 100 reported on DI mul 50 reportedmxD?-D6). - Ezwnple 2 (reporting all units): Inside a project w•ea a coxdenmerl, historic property was subsimrtia/ly rehabilitated (nn[Iff- . family or single faaarily), funded by tax credits arrd ntlrer• private frnnnciug rvithout any rtgency nssistnnce. Check whether Inside or Outside Project Area in completing applicable information below: ® INSIDE Project Area........:.Enterthe number for each unit type for each applicable activity.• ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 15 55 100 Substantial Rehabilitation Units: Total Unl$S: 15 85 - 100 lfagencydidnotassisfanvpartofproiect oacePOtsz o5i2~izoos identify Building Permit Numberand Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ 9UTSiDE Project Area...... Enter the numberfor each ianif 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 an v part of project identify Building Permit Number and Date: BUILDING. PERMIT NUMBER BUILDING PERMIT DATE Cheek 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 (SchNCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6) California Redevelopment Agencies - h5scal Year 2003-2009 Sch D7 (9121/09) HCD-D7 SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area/name/agv 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 Project/Program: ProjectlProgram Address (optional): Street: 2029 Olympic Blvd. Owner Name (optional): NSM Studios. LLC Santa Monica Redevelopment Agencv Earthquake 2029 Olvmpic Blvd. Cam: Santa Monica ZIP: 90403 Total Project/Program Units: ~ ~ Restricted Units: Unrestricted Units: # 65 # 65 # •or proiects/pro4rams with no RDA assistance; do not complete anv of below or any of HCD D2-D6. Onlv complete HCD-I 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: (numbermust not exceed "Total Project Units') # Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available i,.~.~. ~ „ ,,,may .,~,.~ ,., ,.,N.,, ~N.,.,,~ , ,.,,.,,,~ .,.,,,,... .,u,,, ,. .,~ ..... ...... ........~,. ,,, ,. .,,,.,, ,,, ,,, .,.,.,,~ # DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING - # DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY # FARMW012KER (Migrant) # - LARGE FAMILY # EMERGENCY SHELTERS (4 or more Bedrooms) (allowable use only with "Other Housing Units Provided -Without LMIHF" Sch-D6) Affordabilit and/or Special Need Use Restriction Term enter da /month/ ear usin di its, e. .07101/2002): Re lacement Housin Units Inclusiona Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date August 30, 2007 Restriction End Date August 30, 2062 Perpetuity Funding Sources: Redevelopment Funds: $ N/A 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 Agencv Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 ~ HCD-D1 Sch DI (9/21/09) SCHEDULE HCD-DT HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedule ®-2,3,4,5,6) Agency: Santa Monica Redevelopment Agencv Redevelopment Project Area Name, or "Outside": Earthauake Housing Project Name: 2029 Olympic Blvd. [VOTE: Ort this fora, only report UN/TS NOT REPORTED ou HCD-D2 tlernugla IICD-D6,for project/pr•ngrnm units that /rave Trot receiver! rr~ agency nssistatrce. Agency nssistarrce htcltu/es eif(rer frrunrcial assistance (LMIHF or oflrer• agency faaals) ot• nanfrunrecial nssislnnee (design, p/nvning, etc.) prowled by agency stuff. In some erases, of the total anrits reported on HCD Dl, n portion of units in the srrrnepr~ject/progrmn Wray be agency nssisterf (reported on HCD-D2 thrnngb HCD-D6) tnrerens other tnrits rttrry he anrassisted by the agency (reported ou HCD-D~). - - The intent of this form is to: (IJ reconcile nrry difference be8veen Potnl project/progrma units reported mr HCD-DI campnrerl to ffie sour of all the projecd's/progrnnr's mrits• reporter! an IICD-D2 t/eroargh HCD-D6, and (2) nccount_for other (notmssisted) housing units provided inside a prniect area t/tai increases t/re agency's inclusianary oblignfiort Renortnzg nova encv assisted p~ oiects outside a orofect area is optional ifurnts do riot make-zrp anYpart oftotal units renw7ert on HCD-DI. HCD-D7Reportine Exnntnles E.rrrrnple 1 (reportingpnrliaf~unts): A rrerv 100 writproject rvas• built (reporter! on HCD-DI, Ins&le or Outside apaoject area). Fifty (50) units receiver! agency assistance [30 nffnrdnble LMIHZ%units (reported orr either FICD-D2, D3, D4, a• DS) and 20 above vrodernte traits were finulerd wiNr oflrer agency farads (reported orr HCD-D6)]. The remaining 50 (privately frnnrrced rnrrl Cleve/aped rirarket--rate anrits) roust be reported on HCD-D7 to raxrlre rrp dhe rliffer•ence bebveera ]00 reparterl on DI mrd 50 reparterl on D2-D6). E.earrrple 2 (reporting rrll units): Inside n project area n emulernnerl, historic property was srrbstnrrtially rehabilidaferl (ntrttti- fnmi/}~ or sirrgle~finnit}), ftuaderl by tics credits and otlrerprivafefinnnclug witlraut nrry agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ® INSIDE Project Area..........Enterlhe number for each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: to 5s s5 Substantial Rehabilitation Units: Total Units: 10 55 - 65' If agency did not assist anv part of protect oacsPofsz osrz~i2oos identify Suifding Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDEProjec4Area......EnterthenumberforeachunitTypeforeachapplicableactivity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: Substantial Rehabilitation Units: Total Units: If agency did not assist anv part ofproiect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING HERMIT DATE Check all appropriate Corm(s) listed below that will be used to identify romaining Project Units to qe reported: ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) California 2edevelopment Agencies -Fiscal Year 2003-2009 Sch D7 (9121/09) Other Housing Units Provided: ^ With LMIHF {Sch HCD-D5) ^ Without LMIHF {Sch HCD-D6) HCD-D7 SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different ProjectiProgram (area/namelogy 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 Project/Program: Project/Program Address (optional): Street: 507 Wilshire Blvd. OwnerName (optional): Total ProjectlProgram Units: Restricted Units: Unrestricted Units: # 50 # 5 # 45 'or projects/programs with no RDA assistance. do not complete any of below or any of HCD D2-D5. Only complete HCC Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? ^ YES ^ N~ 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) 9# 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 -Without LMIHF" Sch-D6) ', Affordability and/or Special Need Use Restriction Term (enter day/month/year 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 03/15/2007 Restriction End Date 03/15/2062 Perpetuity Funding Sources: Santa Monica Redevelopment Aaencv Earthauake 507 Wilshire Blvd. CCU: Santa Monica ZIP: 90403 Redevelopment Funds: $ N/A 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 Agencv Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Sch Dl (9/21/09) SGHEDULE'NCD-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": Earthouake Housing Project Name: 507 Wilshire Blvd. NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 through HCD-D6 for project/program uniPS PhaP have not received a~ agency assistance. Agency assistance includes either financial assistance (LMIHF or other agency funds) or nonfinancial assistance (design, planning, etc.) provided by agency staff. do some cases, of the total units reported on HCD Dl, a portion of units iri the same projecUprogram 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 inPent of this form is ta: (1) reconcile any difference between total project/pragram uniPS reported on HCD-DI compared to the sum of all the project's/program's units reported on HCD-D2 through HCD-D6, and (2) account for other (nonassisted) housing units provided inside a oroiect area that increases the agency's inclusionary obligation. Reporting nonagency assisted proiects outside a project area is optional if units do not make-up any_part of total units reported an HCD-DI. HCD-D7 Renortine Examoles - Example 1 (reporting partial units): Anew 100 unit project was built (reported on HCD-Dl, Inside or OuPSide a project area). Fifty (SO) units received agency assistance [30 affordable LMIHF units (reported on either HCD-D2, D3, D4, or DS) and 20 above moderate units werefunded with- other agency funds (reported an HCD-Dti)]. The remaining 50 (privately fnanced and developed market-rate units) must be reported an HCD-D7 to make up the difference between 100 reported on DI and 50 reported an D2-D6). Example 2 (reporting aZl units): Inside a project area a condemned, historic property was substanSally relaabilitaled (multi- family or single famiZy), funded by tax credits and other private financing without any agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ® INSIDE Project Area.......:..Enterthe number for each unit type for each applicable activity' ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 5 45 50 Substantial Rehabilitation Units: TOtal Units: 5 45 50 If agancy did not assist anV Haft of proleCt C13543 05/22/2009 identify Building Permit Numberand Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area...... Enter the numberforeach 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 rem aining 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 2008-2009 HCD-D7 Sch D7 (9/21/09) - SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area name/agv or nonage dev/rental or owner), complete a D1 and applicable D2-D7 Examples: 1: 25 minorrehab (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 Project/Program: Project/Program Address (optional): Street: Santa Monica Redevelopment Agencv Outside The Tahiti C;~: . 2411-33 Centinela Ave . Santa Monica Owner Name (optional): Community Corporation of Santa Monica Total ProjectlProgram Units: Restricted Units: # 36 # 36 ZIP: 90405 Unrestricted Units: Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? YES 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 NO 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 "Other Housing Units Provided -Without LMIHF" Sch-D6} Affordabili and/or Special 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 12/21/2000 Restriction End Date 12!21/2055 Perpetuity Funding Sources: Redevelopment Funds $ 5.519.507 RDA Bridge Loan $ 2,162.906 State Funds $ Enterprise $ 6.068.928 Private Funds $ Owner's Equity $ 400,000 Bank Loan $ 760,359 TCAC State Award $ TOTAL DEVELOPMENT/PURCHASE COST: $ 14.911.700 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: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ® Outside Project Area (Sch HCD-D4) Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) ^ No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Sch DI (9/21/09) SCHEDULE HCD-D2 REPLACEMENT HOUSING UNITS (units not claimed on Schedule D-5,6,7) (restricted units that fulfill requirement to replace previously destroyed or removed. units) Agency: Santa Monica Redevelopment AgencV Redevelopment Project Area Name, or "Outside":2411 Centinela Affordable Housing Project Name:-The Tahiti Check only one: ^ Inside Project Area ® Outside Project Area Check only one. If both apply, complete a separate form for each. (with another Sch D-1 ): ^ Agency Developed ®Non-AgencV Developed Check only one. If both apply, complete a separate form for each (with another Sch D-1 ): ® Rental ^onner-Occupied Enter the number of restricted replacement units and bedrooms for each applicable activity below: Note: "INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total A. New Construction: Elderly Units .Non Elderly Uni45 Total Elderly & Nod Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 10 10 ~ 10 Count of Bedrooms (e.g.: 1 elderly, low, 2 bdrm unit and 4 nonelderly, low, 2 bdrm units = 10 low (2 bdrms x 5) 9 Bedroom Unit (1 x # of units) 2 Bedroom Unit (2 x # of units) VLOW LOW MOD TOTAL INELG. VLOW LOW MOD. TOTAL INELG. ~- 16 3 Bedroom Unit (3 x # of units) 4 or more Bedroom Unit (4 x # of units) VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 2 6 TOTAL (sum of all unit Bedrooms) VLOW LOW MOD TOTAL INELG. 2 22 California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D2 Sch Dz (9/21/09) Page 1 of 2 Agency Name: Santa Monica Redevelopment Agency Housing Project Name: The Tahiti SCHEDULE HCD-D2 REPLACEMENT HOUSING UNITS (continued) Enter the number of restricted replacement units and bedrooms for applicable activity below: Note: "INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total B. Substantial Rehabilitation (Post `93/AB 1290 definition: increased value, inclusive of land, is >25%): 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. Count of Bedrooms (e 2 • 1 elderly mod 1 bdrm unit and 2 nonelderly, mod, 1 bdrm units = 3 mod (1 bdrms x 31 1 Bedroom Unit (1 x # of units) 2 Bedroom Unif (2 x # of units) VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 3 Bedroom Unit (3 x # of units) 4 or more Bedroom Unit (4 x # of units) VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. TOTAL (sum of all unit Bedrooms) VLOW LOW MOD TOTAL INELG. ~I TOTAL UNITS (Add only TOTAL of all "Total Elderly /Non Elderly Units" not bedrooms): 10 If TOTAL UNITS is less than "Total Project Units" on HCD Sch DI, report the remaining units as instructed below. Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported: Inclusionary Units Other Housing Units Provided: ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5) ® Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6) ^ No Assistance (Sch HCD-D7) Identify the number of Replacement Units which also have been counted as Inclusionary Units: 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. California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D2 Sch D2 (9/21/09) Page 2 of 2 SCHEDULE HCD-D4 INCLUSIONARY HOUSING UNITS (OUTSIDE ALL PROJECT AREAS) (units not claimed on Schedule D-3,5,6,7) (units with required affordability restrictions that agency or community controls) Agency: Santa Monica Redevelopment Apency Project Area: OUTSIDE Affordable Housing Project Name: The Tahiti Check only one. If both apply, complete a separate form for each (with another Sch-D1 ): ^ Agency Developed ®Nan-Agency 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-to-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 Construction: 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. 3 18 ~ 21 18 21 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 MOD TOTAL INELG. ~~ Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8): C. Acquisition of Covenants (Post `931AB 1290 Reform: Only Multi-Family Vlow & Low & Other Restrictions): Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MODyy TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. R~~ ~~ ~~ TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly /Non Elderly Units"): 21 7f TOTAL UNITS is less than "Total ProiecUPro2ram Units" on HCD Schedule DI, report the remaining units as instructed below. 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) ^ With 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 TOTAL INELG. VLOW LOW MOD TOTAL INELG. California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D4 Sch D4 (9/21;09) GENERAL PR®JECT/PROGRAM For each different ProjecflProgram (area/namelogy 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-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) Complere 2 D-1s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of dousing ProjecUProgram: Project/Program Address (optional): Street: 1410 5`" St. Owner Name (optional): Total Project/Program Units: Restricted Units: - Unrestricted Units: # 52 # # 52 For proiectslprograms with no RDA assistance do not complete any of below or any of HCD D2-D6 On[v 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: (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 fhe below can exceed the "Number of Units" above) # DISABLED (Mertal) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING # DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY # FARMWORKER (Migrant) # LARGE FAMILY _ # EMERGENCY SHELTERS (4 or more Bedrooms) (allowable use onto with "Other Housing Units Provided - lMthaut LMIHF" Sch-D6) '', Affordability and/or Specaa! Need Use Restriction Term (enter day/month/year using digits, e.g. 07101(2002): Replacement Housing Units Inclusiona Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date Restriction End Dafe Perpetuity Funding Souroes: 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 al! 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) Santa Monica Redevelopment Agency Outside 1410 5`" St. Cam: ZIP: Santa Monica 90404 California Redevelopment Agencies-Fiscal Year 2008-2009 - HCD-D1 s~nDt,(srtro9l . HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedule 02,3,4,5,6) Agency: Santa Monica Redevelopment Agencv Redevelopment Project Area Name, or "Outside": Outside Housing Project Name: 1410 5`" St. NOTE: On this form, only report UtVITS NOT REPORTED on HCD-D2 through HCD-D6for p~•oject/prngrarn units that have not reeeiverl env agency ussistmzce. Agency assistance inc![ules eit/ter fznmacial assistmtce (L[IIIHF or other agency funds) or rabnfirzancial assistance (design, plmmirzg, etc.) provided by agency staff: Cn sarue cases, of the total units reported nrz HCD DI, a portimz of units in the sarneproject/progrrnn Wray be agency assisted (reporPerl on HCD-D2 through HCD-D6) tvTrererrs other units may Ge unassisted by tJre agency (reported orz HCD-D7). The intent ol'UtPs form is to: (1) recmzcile any difference between total project/prngranz units reporPerl on HCD-DI compared fo the Burn of all the prpjec£'s/progrrzin's tznits reliarted on HCD-DZ t/rr•azrgh HCD-D6, turd (2) accourtf for other (nonassisted) housing tmifs provided inside a aroiect area that increases Hze agency's inclusionary obligation. Reporting nonaeencv assisted protects outside a~'oiect dreg is optional if units do not make-up cnry~art of total omits reported mt HCD-DI. HCD-D7Repor[in: Exarnptes Esantple 1 (reporting partial units):. A new 100 mriP project was built (•eported oa HCD-DI, Inside or Outside a project area). Fifty (50) «nits received agency assistance (30 affordable LMIHF units (reported on either HCD-D2, D3, D4, or•DS) rrnd 20 above nmderate mots were funded wiPl:. other agency fmrils (reported mz HCD-D6)J. The remaining 50 (privately financed mut deredoped markeLrate traits) must be reported mr HCD-D7 to axrke rtp flee difference between Z00 reported an Dj mrrl SO reported an D2-D6). Example 2 (reporting rdl units): Inside a project area a condennrerl, historic property rvrzs srtbstrnuirdly rehabilitated (nutlfi- fmntly or single family), fended by tax credits mrd oflrer private frnurrcing witharrt any agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ^ INSIDE Project Area..........Enterthenumberforeachunittypeforeachapplicable,activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: Substantial Rehabilitation Units: Total Units: If agency did not assist env part of protect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ® OUTSIDE Project Area......Enfer the number for each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: ~ sz sz Substantial Rehabilitation Units: Total Units: sz s2 If agency did not assist env part ofprotect ctraos osizsizoos identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check all appropriate forms} lis4ed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusibnary 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-D5) Califbmia Redevelopment Ae_encies -Fiscal Year 2003-2009 HCD-D7 Sch D7 (9121109) GENERAL INFORMATION For each different Project/Program (area/namelagy 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 P.ental. Complete 3 D-1s, & Ds3-4-5. _2: 20 sub rehab (nonrestricted): Area 3: ~ Agy Dev. Rer7tals; 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 Oo-vner) 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/Peogram: Project/Program Address (optional}: Street: 10271 o'h st Santa Monica RedevelopmentAgencV Outside 1027 10~h St City: 21P: Santa Monica 90405 Owner Name (optional): Total Project/Program Units: Restricted Units: Unrestricted Units: # 5 # # 5 For oroiects/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: (numbermust not exceed "Total Project Units') # Number of units restricted that are serving one or mare 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 - Without LMIHF"Sch-D6) Affordability and/or Special Need Use Restriction Term tenter daV/month/year using digits, e.g• 07101/2002}: Replacement 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/Stale 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-03) ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-DEi) ® No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 - FIC D-D1 Sch DI (92l/09) Housing Project Name: 1027 10th St NOTE: O» thisforvz, only report UNITS NOT REPORTED on HCD-D2 tbrougG HCD-DGforprojeet/prograrzz units that hai~e not received orz agency assistance. Ageircy assislatrce includes either finnircial assistmree (LMIHF or oilier agency foods) or r:arafinmrcial assistance (rlesigrz, plmnring, etc.) provided by agency staff: In some cases, of the total units reported orz HCD Dl, a portion of units irr the same project/pragra»t Wray be agency assisted (reporfer7 an IiCD-DZ thrauglr HCD-DG) whereas otJrer units nury be ur:rrssisfed by the agency (reported an HCD-D7). The irrfent of this form is to: (I) reconcile any difference betrveerz total projeG/progrnrn unlts reporter/ nu HCD-DI camparerl to the sum of all ilae project's/prograrrz's Waifs reported on HCD-DZ du•ouglr HCD-D6, and (Z) account for other (nomrssisied) housing units provided inside a~iect area that increases the agency's inclusionary abligrztior:. Repartin~ nona¢ency assisted protects ozrtside a protect m•ea is oadiorzal ifunits do not make-rrp arry~rt of total zuaiir reported on HCZJ-Dl. HCD-D7 Reparfin„ExarnUles - Exa»zple 1(reportiugparti@Iwrits): A rrety I00 unitproject rvrrs builP (reported on HCD-DI, Inside or Dutside aproject area). Fifty (50) units received ageizcy assistance [30 affordable LhHHF Waits (reported on either HCD-D2, D3, D4, or DS) and 20 above nrorlerate units were frrnrled with other agency firuds (reported ou HCD-D6)j. The remaining 50 (privately financed and developed nurrlret-rate units) mttst be reported orz HCD-D7 to mtrlre up the dlfference bebveen 700 reported on DI rmrl 50 repor•ferl an D2-D6). _ Example2 (reporting all units): Inside a project area a ca»denuzerl, historic property was sarbstmrtitdly re%abilitated (multi- farnily or single family), finzderl by tax credits and atherprivutefinaneing without arty agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ^ INSIDE Project Area..........Enterthenumberforeachunittypeforeachapplicableactivify: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: Substantial Rehabilitation Units: Total Units: If agency did notassist anV part of protect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ® OUTSIDE Project Area...... Enter the numberforeachunittypeforeachapplicableactivity: ACTIVITY: UNIT TYPE: VLOW LOW MOO AMOD TOTAL New Construction Units: $ 5 Substantial Rehabilitation Units: Total Units: 5 s !f agency did not assist any part of protect ct97aa (0/94/2008 identify Building Permit Numberand 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) Agencies -Fiscal Yen 2008-2009 HCD-D7 D7 _ - _ ___---- _ _ _SCHEOUL~ NCQ d1.. _ _ _ _ GENERAL PROJECT/PR®GRAIYi INFORMATION For each different Projecf/Program (area/name/aqV 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-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 RentalJ, S 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 Project/Program: Project/Program Address (optional}: -- Street: 1524 11t" St Santa Monica Redevelopment Agency Outside 1524 11`h St City: Santa Monica ZIP: .90405 Owner Name (optional): Total Project/Program Units: Restricted Units: Unrestricted Units: # 6 # # 5 'or projects/proarams with no RDA assistance do not complete anv of below or anv of HCD D2-D6 Only complete HCD-DT Was this a federally assisted multi-family rental project [Gov't Code Section 65863.1 D(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: H umt may serve multlt P DISABLED (Mental) p - DISABLED (Physical) t FARMWORKER (Migrant) IVeeCJS"" pelOW. Jum OT a// ine nelOW Can eXCeea me NumnePOT VnrzS anove/ FARMWORKER (Permanent) # FEMALE HEAD OF HOUSHOLD ~ LARGE FAMILY # (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use on1,/ wifh "Other Housing Units Provided -Without LMIHF" Sch-Df Affordability and/or Special Need Use Restriction Teem (enter day/month/year 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: $ TCAC/Federal Award: $ TCAC/State Award: $ Total Development/Purchase Cost' $ Check all appropriate form(s) below that wil! be used to identify all of this Aroject'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) ^ Withouf LMIHF (Sch HCD-D6) ® No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies-Fiscal Year 2008-2009 ~ HCD-D1 Sclt Dl (9/27/09) Housing Project Name: 1524 11'" St NOTE: On this form, nr:ly report I/NITSNOTREPORTED on HCD-D2 tbrougb HCD-D6 far project/prograln units that /rave not received an agency assistance. Agerzcy assistance Przclarles eit/zer fpraneiat trssistarzce (LMIFIF or of/ter agency fiords} or nonfinancial assistance (design, planning, etc.) provided by agency s7aff. In some eases, of the total units reported on HCD Dl, « portion of zntits irt.Ore smite project/program may be agency assisted (reported on HCD-D~ Urranglz HCD-D6) whereas other turns nz«y fie unnssisted by the agency (reported on HCD-D7). The intent of ibis form is to: (I) reconcile mzy rlifferenee bebveea [otrd projecUprogrant units reported mt HCD-DI comprzrerl to the surtz of rrll lbeproject's/progrrrrtz.'s units reported on HCD-D2 tbrougb IiCD-DG, and (2) accounP for other (non«ssisterl} housing units provided inside a vroiect area Plud increases ilre agency's ir:clusioaary obligation. Reporting nmtaoencv assis[ed vroJects outside a proiect in•ea is optional, rfzrni[s• do notmalre-up any part oftotal zmits reported an HCD-DI. HCD-D7Reportin„ Examples E.xarr:ple 1 (reporting partial units): Anew 100 unit project was built ¢~eported mr HCD-DI, Drside m• Outside a project area). Fifty (50) units received agency assistmrce [30 affordable LMIHF mrits (reported on either HCD-D2, D3, D4, ar.DS} mrr120 above tnpdernPe units were fiurded rviPJt other agezzcyfirnrts (reported on HCD-I)G)J. Tl:e renrairring 50 (private(y_frnmrcerl and r/ereLoperl mar/ et-rate urvits) rrrust he reported on HCD-D 7 to mane up the difference beriveen I(/0 reported ot: DI mrd 50 reported mr D2-D6). E.xan:ple 2 (reporting al(units}: hrsirle a project arerc a condentned,~histpric property ivas substatrtiatly relrab_rliPated (rrtulfi- family or single fautlly), fanaded by tae credits mul otlrer• private frnrtncnrg rvithout rury agency assistrrrrce. Check whether Inside or Outside Project Area in oompleting applicable infiormation below: ^ INSIDE Project Area........,.Enterrhe numberfor each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOtN LOW MOD AMOD TOTAL New Construction Units: Substantial Rehabilitation Units: Total Units: If agency did not assist an~r part of proiect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDNG PERMIT DATE ® OUTSIDE Project Area...... Enterthe numberforeach unit Type for each applicable activity: ACTIVITY:- UNIT TYPE: VLOW LOW MO® AMOD TOTAL New Construction Units: $ s Substantial Rehabilitation Units: Total Units: ~ 5 $ if agency did not assist anv part of proiect osceco2~r toiz~rzooa 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: ^ ReplacementNousing Units Inclusionary Units: Other Housing Units Provided: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Wifh LMIHF (Sch HCD-p5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6) CaliComia Aedevelopmwr[A~encies-Fiscal Year 203-2009 ~ HCD-D7 Sch D7 (9121/09) GENERAL PROD@CTIPROGRAM INFORMATION J For each different Project/Program (area/namelogy or nonaav dev/rental or owner), complete a D1 and applicable D2-D7 Examples: 9: 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. Complete 1 D-1 & 1 D-3. 4: 10 nets (Outside). 2 Agy Dev (restricted RentalJ; 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 ProjecfiJPragram: Project/Program Address (optional): Street: 1544 11'" St. Owner Name (optional): Total ProjectlProgram Units: Restricted Units: Unrestricted Units: # 6 # # 6 For projects/pronrams with no RDA assistance; do not com Rlete any of below or any of HCD D2-D6. Only complete HCD-D7. Was this a federally assisted multi-family rental project [Gov f 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 'SVumber 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} (a//owab/e use ont with "Other Housing Units Provided- Without LMIHF" Sch-D6 Affordability and(or Soecial Need Use Restriction Term (enter day/monthlvear using digits, e.g. 07!01!2002): Replacement Housin Units Inclusionary Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Dafe Restriction End Date Perpetuity Funding Sources: Redevelopment Funds: $ Federal Funds $ State Furids: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ Total Development/Purchase Cost: $ Cheek all appropriate form(s) below that will be used to identify all of this Project'slProgram's Units: ^ Replacement blousing 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-DA) ^ Without LMIHF (Sch HCD-D6) l~ No Agericv Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 NCD-D1 Sch Dl (921/09) Santa Monica Redevelopment Agency Outside 1544 11`h St. City: Sonia Monica ZIP: 90405 Housing Project Name: 1544 11" St. NOTE: On this forrrg only report UNITS NOT REPORTED ort HCD-D2 tlu•ough HCD-D6for project/progrrruz arzits t/tat have not received man ageircy assistance. Agency assistazce includes eit/:er fizzancial assistance (LMIHF or oUree agency fiittds) or uoirfiuancial assistance (rlesigrr, planning, efc.) provided by agency staff. Lr carne cares, of fire total turns reported arr HCD DI, a portion df resits to the snnze piojecf/pragr~rznz may be agency assisted (reported on HCD-D2 Uu•ougl: HCD-D6) whereas other uxifs utay be uriasststerl by tfte Ogency (reAorfed on 77CD-D7). The tnterrlof this forrrr is to: (I) reconcile arzy difference between fatal project/pr•ogrrun units reported mt IICD-DI contparerl m the sum of nll the project's/pragrrnn's ur:its reportert mz HCD-D2 flrrough HCD-Dh, rrnd (2) accorurt for other (nonnssdsted} housing tmifs provided inside a project area that increases the~ngency's irrclusionmy ohtigrztior:. Reportirte nova cney assisted aroiects• ozrtside a oroiect area is notional. ifunits do rrofmalte-zip anv Hart o{totnl wzils reoorted orz HCD-Dt. H_CD-b7 Reparttrie Henmples Erarnple 1 (reportirzgpartial units): A riew 100 unit project was builr(repar7ed an HCD-DI, Irrsrde ar Outside a projectarea): Fifty (i0) units received agency assistance [30 affordable LMIHF units (reported on either HCD-D2, D3, D4, or Ds) anrf 20 above anoderate units were fmuled witk outer agency fmrrls (reported on HCD-D6)J. T/:e renratnirrg s0 (privately frnmrced acrd devetoperl rnarlret-rate mrtts) Hurst be reported rtrz 7iCD-D7 fo moire up the difference bebveerr 100 reportert orz DI anti 50 reported on D2-D6). Er-atnple 2 (reporting all units): Inside a projecf area a cortdenmert, Itistnric prnperry was snbsfarrtially reltabililaterl(ntuLPi- family or single fiunity), funrtert by tlci crediisanrl other private fmmtcing without may pgerrcy assistance Check whether Inside or Outside Project Area in completing applicable information below: ^ INSIDE Project Area..........Enterihe 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 ~ ~ OUTSIDE Project Area......Enterthe numberfor each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOB AMOD TOTAL New Construction Units: s s Substantial Rehabilitation Units: Total Units: s s If agency did not assist anv part of projecf cts~se 08/04(2008 identify Building Permit Number and Dafe: BUILDING PERMIT NUMBER @UILDING PERMIT DATE Check aII appropriate farm(s) listed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusionary Units: {Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) California Redevelnpmcrn.Agencies -Fiscal Yeu 2008-2009 Sch D7 (921109) Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6} HCD-D7 __ _ ,-___ w. .... _ __ SGHE[111LE NfD-D1 ' __ S GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area/name/aqV or nonage dev/rental or owner), complete a D1 and applicable D2-D7 Examples: 1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owned Area 2` 6 Renial; & 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, 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 Projecf/Program: ProjecY/Program Address (optional): Street: 914 14th St. Owner Name (optional); Tafal Project/Program Units: Santa Monica Redevelopment Agency Outside 914 14th St City: ZIP: Santa Monica - 90405 # 5 Resfricfed Units: Unrestricted Units: 5 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: (numbermust not exceed "Total Project Units') # Number of units restricted that are serving pne or more Special. Needs: # ^ Check, if data not available fNofe: 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) (aftowab/e use only with "Other Housing Units Provided -Without LMfHF"Sch-D6) Affordahilit and/ar Special Need Use Restriction Term (enter da /month/ ear using di its, e. .07/0712002): Replacement Housin Units InclusionarV 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 Lacal Funds: $ Private Funds: $ Owner's Equify: $ 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 FICD-D4) ^ Without LMIHF (Sch HCD-D6) ® No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Soh Dl (9721/09) _ __.~__ _-_ ____ NOUSINO llNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on .Schedule D-2,3,4, b, 6) Agency: Santa Monica RedevelopmentAgencV Redevelopment Project Area Name, or "Outside":Outside Noosing Project Name: 914 14th St. NOTE: On {his• form, only report UNITSNOT REPORTED ort HCD-D2 tlrroirgh fICD-DG•for projecf/pragraitt nuifs that have oat received a~ agency a ssisturrce. -Agency assfstar:ce includes either ferrimcial assistnce (L[YZIHF or at/rer agency funds) m• nor:fn:arzcial assistance (design,plannin~ etc.) provided by agency staff. In sortie cases, oft/re totalunits reported on HCD DI, a portion of units in the same project/progrnnz nzay be agency «ssisterl (reported on HCD-D2 through HCD-DG) whereas other ur:its nary be arzassisierl by the agency (reported orrHCD-D7). The inPera of this form is to: (j) reconcile arzy difference 6enveen total project/progrrnn units reported mr HCD-DI carrrpnrerl to the sum of all P7re prajecYs/program's units reported on HCD-D3 Orrortgh HCD-DG, arrd (2) account for ofhet• (nonassfsterl) Imusirrg units provided inside a protect area that increases the ageucy's• inclnstoumy obligatimz. Renorthre nonaeencv assisted protects outside a project area is optional ifzrnits do not make-up anv part offotal units reported nn HCD-D7. HCD-D7ReportineE.ra»rples Erdnrple I (reportingpartfal units): Anew 100 unit project was built (reparPed on IICD-DI, Inside or Outside a project area). Fifty (so) units received agetrcy assisfm:ce [30 affurrlable LBfIHF mats (reported an eiP/rer HCD-DZ, D3,. D4, or DS) mtrl20 afiove moderate rntifs iverefiquded with atlreragerzcy funds (reported or: HCD-DG)J. The remirinirrg 50 (privately fimrncerl mut rleveloperl market-rate nuts) rzms[ be reported orr HCD-D7 to make up the difference between 700 repprterl ore DI arrd SO reported on D2-DG). ~ ~ - Faanrpla 2 (reporSng all units): Inside a project area a condemner!, histatic property was srrbstaruially rehabilitated (rnuhi- family or single family), firrnlerl by uce credits arrd ptherprivafe frnancing wPthorrt mzy agency assistance. Check whether Inside or Outside Project Area in completing applicable information Iaelow: ^ INSIDE Project Area........::Enterthenumberforeac6unittypeforeachapplicab(eactivity: 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 ® OUTSIDE Project Area...... Enter the numberfor each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: s e Substantial Rehabilitation Units: Total Units: (5 s If agency did not assist anv part of projecf oscePOZSZ rriosizoos identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDWG PERMIT DATE Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Incluslonary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) California Kedevelopment Agencies - Piscat Year 2608-2009 Sch-7 (9!21/09) Other Housing Units Provided: ^ With LNIIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) HCD-D7 ._. _____ SCHEDULE'HC~ D1 _ ~. _~: GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area/name/agy 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-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-3. _4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s 7 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area ar specify "Outside": General Title of Housing Projecf/Pragram: Projecf/Program Address (optional): Street: 908 17`h St. Owner Name (optional): Total Project/Program Units: # 8 Santa Monica Redevelopment Agencv Outside 908 1 r`" St. Citg: Santa Monica Restricted Units: ZIP: 90405 Unrestricted Units: # 8 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 ih unit) at FY end # Number of bedrooms occupied by ineligible persons (e.g. ineligible incomel# of residents in unit) at FY end # Number of units restricted for special needs: (numbermust not exceed "Total Project Units) # Number ofi units restricted that are serving one. or more Special Needs: # ^ Checlc, if data not available [tvoie:.v unamayserve rmm~pre ~pec~ar recces Uwow. ouru ur au uro neww can enceeu uie rvurnuer ur vnus DISABLED (Mentalp DISABLED (Physical) FARMWORKER (Migrant) FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (al/owaBle use only with "OfherHousing Affordability and/or Special Need Use Restriction Term (enter daylmanthlyear using digits, e.g. 0 7101 /2 0 0 2): Replacement Housin Units Inclusionarv Housin Units Other Housing Units Provtded 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(Stafe 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 ProjectArea (Sch HCD-D4} ^ Without LMIHF (Sch HCD-D6) ® No Agencv Assistance (Sch HCD-67) California Redevelopment Agencies-Fiscal Year 2008-2009 HCD-D1 Sch lll (921/09) - Mousing Project Name: 908 17th St. NOTE: On flats form, only report UNITS NOT REPORTED an HCD-D2 though HCD-DG fnr project/progrmrz units thnt. have not received mev agency nssistance. Agency assistmrce includes eldeer frndnciaC assistance (LM/HF or other agency firnrls) or nanfrnmrcial assistarzee (design, plmuring; etc.) provided by agency staff. b: some cases, of the total ataits reported. on HCD DI, a partimz a f units in the srurtepr~ject/program may be agetzcy rrssisteil (reported orz HCD-D2 through HCD-D6) whereas other writs may he unassisted by the «gerrcy (reported on HCD-D 9). The iiztent of this form is to: (I) recorreile any difference bettveerz total projecUprogranz units reported on HCD-DI compared to Phe sum of all t/:eprojecYs/progrnm's rrizits reported on HCD-D2 through HCD-D6, rrnrl (~) accormt fnr nt/rer (nanassisted) /:ozrsirrg routs pravidert inside a nroleet area tliat increases the ngeney's inclusionary obligatioir. Reporthre rzorzagerrcy nssistecf protects outside a protect m'ea i~tdonal 1Funits do oat make-zrp mzy_part oFtotal units repot7ed on HCD-Dl. HCD-D7Reportinp Examples - Example 1 (reporTingpartial mzits): Anew 100 unit project ryes 6ai1P (reported on HCD-DI, Iarsirle or Outside a project area). Fifty (50) uizits received agency assistance [30 affordable LrYHHPmzits (reported orz efther HCD-D2, D3, D4, or DS) anrt 20 above uzoderate razits were funded with other agency fwzds (reported on HCD-D6)). TTre remmining 50 (privately fertancerl arrrl rleveloyed ntarizet-rate units) roust be reported an HCD-D7 to rna/re up the difference fietfveer: 100 reported on DI arrrT 30 reported on D2-D6). - E.eantple 2 (reporthag a1I mans): Lrside aproject area a conderruzerl, ltistoric property was substantially relmbilitaterd (nznlti- family or single fantily),.fm:ded 6p trrz credits mrd atlrer privateffrrmzciztg witltoul any agency assistance. Check whether Inside or Outside Project Area in completing applicable infarmation below: ^ INSIDE PrajectArea..........Enterthe 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: ff agency did not assist anv Hart of nroiect identify Building Permit Numberand Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ® OUTSIDE Project Area......Enter the number for each unif type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW L®W MOD AMOD TOTAL New Construction Units: s $ Substantial Rehabilitation Units: Total Units: $ $ if agency did not assist anv part of protect 07CBP0089 tvzyrzooa identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check al! appropriate form(s) listed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) California 12edevelopment Agencies -Fiscal Year 2005-2009 Sch D7 (9/2]/09) Other Housing Units Provided: ^ Wiih LMIHF (Sch HCD-D5) ^ WithoutLMIHF (Sch HCD-D8) HCD-D7 C,ENER.4L Santa Monica Redevelopment Agency Outside 1107 18`h St. For each different ProjectiProgram (area/name/aqV or nonaay dev/rental or owner), complete a D1 and applicable D2-D7 Examples: 7: 25 minor rehab (Nonagy Dev): Area 7: 75 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-Ts & 2 D-5s. 3: 75 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 7 D-1 & 9 D-3. 4: 70 new (Outside}. 2 Agy Dev (restricted Rental}, 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 7 D-4, & 9 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": C9eneral Title of Housing Project/Program: Project/Program Address (optional): Street: 1107 18th St. Owner Name (optional)r _ Total ProjectlProgram Units: # 5 Restricted Units: Unrestricted Units: # 5 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 pf units restricted for special needs: (numbermust not exceed °Tota/ 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 (Menial) ~ FARMWORKER (Permanent) # TRANSITIONAL HOUSING ~I# 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 - WithoutGM(HF" Sch-D6} ®sg„r~aahu;a„ andtnr snerial Need Use Restriction Term !enter day/monthlvear using digits. e.p. 07/0912002): Replacement Housin Units Iriclusiona Housin Units Other Housih 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 form(s) below that will be used to identify all of this Project's/Program's Units: ^ Replacement Housing Units Inclusioriary Unifs: Other Housing Units Provided: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D?) ^ Without LMIHF (Sch HCD-D6) ® No Aaencv Assistance (Sch HCD-D7) California Redevelopment Agencies-Fiscal Year 2008-2009 - HCD-D1 Sch Dl (9721/09} City: Sanfa Monica INFORMATION ZIP: 90405 HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedule D-2,3,x,5,6) Agency Santa Monica Redevelopment Agency .Redevelopment Project Area Name, or "Outside":Outside blousing Project Name: 1107 18`h St. NOTE.• On this form, only repm•t UNITS NOTREPORTED art HCD-D2 Urrougn: HCD-DO forproject/pragrarnantiPS thaP Gave not received arzv agency assistance. Agency assistance includes eiftter fimntcial assisfrrnce. (LNTIHF or other agency finals) or nonfrtrancial assistrrrrce (design, planning, etc.) praviderl Gy agency staff. In snare cases, of U:e total units reported orz HCD DI, a portior: of units in the same project/prograrrz nzay Ge agency assisted (repm•terl on HCD-D2 ttuouglz HCD-D6) wberens od:er• units maybe unassisted by P/te agency (reported orz HCD-D9). ' The intent of this farru Zs fo: (1) recgncile any difference Gebveerz total project/prograrat mots reported on HCD-D1 cafnpared to tnie sum of nII theproject's/pragrmn's units reported ore HCD-D2 through HCD-D6, ar:rl (2) account for otter (aonassisted) housing units provided irxslde a iraiect area that increases the agency's irzclnsionrzry abligrrfion. ~ortinu nana enev assisted proiects outside a project ra•ea is optionirL i{units do zmt nsa7re-arp.nnv pm-t of total units renozted on HCD-DI. HCD-D9Repartin: Examines Example P (reporting przrtiaZ mots): A new 700 unit prajecP ryas built (reported on HCD-D2, Inside or Orztside rz projecP area). Fifty (50) units received agency assistance [30 affordable LMIHF units (reported on either HCD-D2, D3, D4, or Ds) mu[20 above moderate units were funded rviUr ocher agency fiords (repar•Ped on HCD-D6)J. The reznainiig 50 (privately frruurced and devedoperl ruarlret--rate rrrrits) »urst Ge reported on HCD-IJ7 to nmlre up the difference behveen Z00 reporPerl on DI oral SO reported on DZDG). T.eample 2 (reporting aII units): Utside a project area a condeirnzerl, historic property tvrLS srrbstarttiaZly re/raGilitated (nrzdii- fmnily or single family), funded byYax credits mrrl other privatefnmrcing rviStout mry agency assisirmce. Check whether Inside or Outside Project Area in completing applicable information below: ^ INSIDE Project Area....,.....Enterthenumberforeachunitfypeforeachapplicableactfvity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: Substantial Rehabilitation Units: Total Units: If agency did not assist anv oart of oroiect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ® OUTSIDE Project Area:..... Enter the nzzmber for each unit type for each applicabie activity: ACTIVITY: UNIT TYRE: VLOW LOW MOD AMOD .TOTAL New Construction Units: s s Substantial Rehabilitation Units: Totat Units: s s If agency did not assist any oat of oroiect 06CBP0451 0712512009 identify Building Permit Numberand 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: (Sch HCD-D2) ^ Inside ProjectAtea (Sch HCD-D3) ^ Outside Project Area {Sch HCD-D4) California Redevelopment ALcncics -Fiscal Ycu 2005-2009 Sch D7 (9/2!/09) Other Housing Units Provided: ^ Wifh LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) HCD-D7 `-- _-- -_._ _. _ __ SGHEDULE'HCDD1 __ - ---_ __j GENERAL PROJECTIPROGRAM INFORMATION For each different Project/Program (area/namelogy or nonage dev/rental or owner), complete a D1 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-1s, & Ds3-4-5. 2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Renfa/s; 16 Nonagy Dev. Rentals. Cornplefe 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-1 s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identity Project Area or specify "Outside": General Titte of Housing Project/Program: ProjecUPtogram Address (optional): Street: 1120 21 ~` St. Owner Name (optional): _ Total ProjecflProgram Units: # 5 Restricted Units: Unrestricted Units: # 5 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: (numbermustnot 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 me "lVUmaer or unrts_ aaovel 6 DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING e DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY e FARMWORKER (Migrant) ~ LARGE FAMILY # EMERGENCY SHELTERS (4 or more Bedrooms) (allowable use only with "OfherHcusing Affnrdahility and/or Snecial Need Use Restriction Term (enter day/month/Near using. digits, e.g. 07101 /2 0 0 2): Replacement Housih Units Ihclusiona Housing Units ~ Other Hausin 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: $ TGAC/State Award: $ Total DevelopmentlPurchase Cost:. $ Check all appropriate form(s) below that will he used to identify all of this Project's/Program's Units: ^ Replacement Housing Unifs (nclusionary 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 2008-2009 HGD-D1 Sch DI (9/21/09) Santa Monica Redevelopment Agency Outside 1120 21st St. Gam: Santa Monica SIP: 90405 Housing Project Name: 1120 21~+St. NOTE: On this furrn, only report UNITS NOT REPORTED art HCD-D? through HCD-D6 for project/progrartt zrnits thut hove not received a~ agency asslstarrce. Agency irssistarzce iraclrules either furmrciirl tusisffince (LMIHF or other agency furuls) or nonfinancial assistance (design, planning, eleJ provirlerl Gy agency strff. In some cases, of the total units reported on FICD DI, a portion of units irr the same projecUprogram may be agency assisted (reportetl mr HCD-DZ throng/e HCD-D6) tvlrereas other units mrzy Ge unassisted by the agency (reported art HCD-D7). The h:fenf of this farm is to: (I) reconcile any difference bebveen total project/program units reported on HCD-DZ eomparetl to thesarn of all t/re projecYs/progrum's suits reported mr HCD-D2lhrarrg¢ HCD-D6, and (2) accmmtfor ot/ier (nonnssisted) !rousing units provlderl inside a project urea that increases t/te agency's inclzrsiorr[rry oGligl[fion. Reporline nonaQency assisted pr•aiects outride aFroiect area is optional +funits do not ntalre-ttp anv part pftotcrl zrnits reported mr HCD-DI. HCD-D7Reuortihe E.ramples - E~ample I (reporting partial units): Anew I00 unit project wrrs Guift (repa7ed on HCD-DI, Inside or Oadside a projeca area). Fifty (50) antifs received agency assistance (30 affordab/e LMIHF units (reportetl on either HCD-DZ, D3, D4, m• DS) mttl20 above nrorlerate zanits were firnrled with outer agency funds (repar7ed on HCD-D6)J. T/re rernrrirrirtg 50 (priva£ely fraanCed anzt developed nzar&et-rate units) must be reportetl nn HCD-D7 to tnalre up t1:e difference Gehveeu 100 reportetl mz DI and 50 reported arz D2-Db). Example 2 (reporting all units): Inside a project area a corzdernraell, historic property was s:zbstarrtirzTly relurbt[itaterl (nutlti- fanzily or siizgle family), funded Gy tax credits rzr:d oflrerprivatefrnat:cing without urzy agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ^ INSIDE Project Area..........Enter the number foreach unit type for each applicabl2 activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: Substantial Rehabilitation Units: Total Units: If agency did not assist anv hart of project identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^X OUTSIDE Project Area...... Enterthe.numderforeaehunittypeforeachapplicableactivity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: s s Substantial Rehabilitation Units: Total Units: ~ s s if agency did not assist anv part of prpiect ets~ss tv2oi2oos identify Building Permit Number and Date: BUILDING PERMIT NUMBER .BUILDING PERMIT DATE Check all appropriate farm(s) listed tielow that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusionary Units: (Sch HCQ-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-Dh) California Redevetopntcnt Aeettcies -Fiscal Year 2008-2009 Sch D7 (9!21/09) Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LNtIHF (Sch HCD-D6) HCD-D7 ~ v _. ____ _ _ __ . _ .._ _- SCHEDULE EICa D7 _ _~ ~ - _ --~ GENERAL PROJECT/PROGRAM INFORMATION For each different PrdjectiProgram {area/name/agv 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 (nonresirictedJ: 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 RentalJ, 8 Nonagy Dev (nonrestricted Ov/ner) Complete 2 D-1 s, 1 D-4, & 1 p-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing ProjectlPragram: PrajectlProgram Address (optional): Street_ 1228 21st St. Owner Name (optional) Santa Monica RedevelopmentAgency Outside 1228 21st Sf. C;J;~: Santa Monica ZIP: 90404 Total Project/Program Units: Restricted Units: Unrestricted Units: # 4 # # 4 'or proiectsfprograms with no RDA assistance. do not complete anv of below or anv of HCD D2-D6. Only complete HGD-. 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: (numbermust not exceed "rota! 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" be/bw. Sum of a!I 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 onfv with "OfherHousing Units Provided -Without LMIHF" Sch-D6) Affordability and/or Sneeial Need Use Restriction Term (enter day/month/year using digits, e.g. 07101/2002}; Re (acement 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/Stafie Award: $ Total DevelopmentlPiarchase Cost: $ Check all appropriate form(s) below that wilt be used to identify all of?his Project's/Pragram's Units: ^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided: (Sch HCD-D2} ^ Inside Project Area (Sch HCD-D8) ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D5) ® No Agencv Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Sch DI (9/21/09) Housing Project Name: 1228 215° St NOTE: On fTzis form, only report UMTSNOT REPORTED on HCD-D2 flzt•ough HCD-D6for projecUprograrn ntrits Drat have not received anv agency assistance Agency assistmtce includes either firrurrcial assistance (LbHHF or ntlrer agency funds) or nartfirzmzclaf assistance (design, plnrvzing, etc.) pravtrled by agency staff. In sbtne cases, of the total units r•epm7erl on HCD DI, aportion of units in the srnne projecb'prngram nary be agency assislerl (reporter! on HCD-D2 dzroug/z HCD-D6) ruherehs aN:er units may be unassisted by the agency (reported nrz HCD-D7). Tire inferrt of this form is fo: (1) reconcile any rli~erence behveen total project/program atzifs reported on IICD-DI compared to the sutra of gT[ tl:e project's/progrmu's nits reporferl on HCD-D2 tlerozrgh HCD-D6, aurl (2) accormf for other (re~nnssisted) lrortsittg units provided inside a proie2t area that increases the agency's inclzrsionary abligrztion. Reporting wona>'encv ass/sterl protects outside a ro'ect area is optional ifunits do not make-zrp anv part oftatat units reported mz HCD-DI. HCD-D7Reportin2 E.ramnles ExanrpteY (reporting partial urzits): A new 700 urzitproject was hunt (reported on HCD-Dl, Inside nr Dzzisfrle aproject area). Fifty (50) units received rigerzcy assistance [30 affordable LzY1IHF units (reporferl on either HCD-D2, D3, D4, or DS) mul?D above razndemte urzits rverefunded rvittr othet• agency funds (reported nn HCD-D6)j. The renzairair:g SU (p,rivatefy fn:arrced and developed tnarlret-rate «nits) nmst be reported on HCD-D7to zeal a up fire difference beriveen 100 reported orz DI anr! 50 reported on D2-D6). E.rmnple 2 (reporting all units): Inside a project area a condetnnerl, historic property tvassu6staratiaRy rel:abilifated (mzrlti- fantily or• single fmnily), firrrded liy tax credits and other private fimuzcing without rixy agency assistmzce. Check whether Inside or Outside Project Area in completing applicable informatian below: ^ INSIDE Project Area..........Enterthc 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 ® OUTSIDE Project Area......Enterthenumberforeachunittypeforeachapplicableactivity.~ ACTIVITY:: UNIT TYPE:- VLOW LOW MOD AMOD TOTAL New Construction Uhits: ¢ a Substantial Rehabilitation Units: TOtal Units: 4 4 If agency did not assist anv part of protect oscaPOVS osioaizooa 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: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-Dq) California Redevelopmcnt.9~encies - Piscat Ycar 2003-2009 Sch D7 (9!21/09) Other Housing Units Provided: ^ With LMIHP (Sch HGD-D5) ^ Without LMIHP (Sch HCD-D6) HCD-D7 __ ~.,_ _- ~_ . __ _ ~ ~_ ~ -r- - ,-,~ scH~uuL~ ticD Q7 ~--~ ~. _ _._ _ _~ 1 ~, GENERAL PROJECT/PRQGRAM 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-1s, & ~s3-4-5. 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 ©ev (nonrestricted Owner) Complete 2 D-1s, 7 D-4, & 1 D-5. Name of Redevelopment Agency: Identity Project Area or specify "Outside": General Title of Housing Project/Program: Project/Program Address {optional): Street: 1902 California Ave. Owner Name (optional): Total ProjecttProgram Units: Restricted Units: Unrestricted Units: # 5 # # 5 For projectslpragrams 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 ih 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: # ^ Checl<, if data not available n urue may aai ve nrwuN~e .eNv~im , ~ee..a .......... ........... .... ..... ~,..............,,........- ..... . -_...__. _. 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 "OfherHousing n¢a.,~~rat,~na., ariArnr Rr,ariai Nand ucP Restriction `term (enter day/month/year using dinits, e.n. 07161/2002): a...-~ _.. _. _. _ r__._...---' --- -------- Replacement Housin, Unifs - - Inclusionarv Housin Units - - - - Other Housin Units Provided .With LMIHF Without LMIHF Restriction Start Date Restriction End Date Perpetuity- Funding Sources: RedevelopmenfFunds: Federal Funds $ State Funds: $ Other Local Funds: $ Private. Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TGAC(State Award: ~ Total Development/Purchase Cosf: Check all appropriate form(s) below that will be used to identity ali 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) ^ Wifh LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4} ^ Without LMINF (Sch HCD-D6) © No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D1 Sc0 D1 (9/21/09). Santa Monica Redevelopment Agency Outside 1902 California Ave. Cify: ZIP: Santa Monica , 90404 Housing Project Name: 1902 California Ave. NOTE: Orx this form, only report UNITS NOT REPORTED on HCD-DZ through HCD-DGfor project/prograut naffs that have not received anv agency assistrnice. Agency assistance Includes either frnnncial nssistrrnce (LrYIIHF or otber agency funds) or nonfinancial rrssisfar:ce (design, planning, etc.) provided by agency staff. !rt some cases, of the total nnifs7•eparterl on HCD Dl, a portion of imils in the sazazeproject/program ntrry be agency :assisted (reported ozx HCD-D2 flu•ough HCD-D6) whereas other traits may be unassisted by the agency (reyarted oft HCD-D7). The intent of tlrisforru is to: (1) reconcile mty difference Getweer: total projeet/pragrarn units reported on HCD-DI carrrparerl to the Bunt of all tlteproject's/pragrmrt's units reported on HCD-D2 tln•oag/z HCD-D6, rrurl (2) aeeoantfor other (nonrtssisterlJ housing units provided inside a praiect arert drat increases the agency's fnclusiorraty obligation. ReporiinP nonayency assisted znroiects outside a protect area is optional, ifuttits do toot make etp any part o(total twits reported on HCD-DI. HCD-D7 Reporting E.~antples Exmnple 1 (reporting partial units): Anew I00 ur:tt project was built (reported on HCD-DI, Inside or Outside a project area}. Fifty (SO) :arils received agency assistance (30 affordable LMIHF units (reported or: either IiCD-D2, D3, D4, or DS) atul ZO above nmrlerafe traits were funded with other agency funris (reported oat IICD-D6)]. The retnuining 50 (privately frnancerl anal developed mm•/cet--rate units) must be reported otz HCD-D7 to malre up the difference beriveesz 700 reporter! on DI ar:rl SD reporlerl wt DZ-D6). E.~untple 2 (reporting all nrrits): Inside a projecd area a condemned, historic property tvns substmztially relrabi[itated (ntulfi- family or single fimtity), funded by tae credits and otber private.rnrnrcing rvitl:out any agency assistance, Check whether Inside or Outside Project Area in completing applicablo information below: ^ INSIDE Project Area..........Enterfhe 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 nroiect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ® OUTSIDE Project Area....,.Enterthe numberforeach unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOB AMOD TOTAL New Construction Units: s 5 Substantial Rehabilitation Units: Total Units: 5 5 If agency did not assist anv Hart of nroiect 06CBP0474 05/04/2009 identify Building Permit Number and Dater 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 (Scl7 HCD-D3) ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Withou{ LMIHF (Sch HCD-D6) Ca(ifomia Redevelopment Agencies -Fiscal Year 2003-2009 HCD-D7 Sch D7 (9/81 /09) m., _. _~ .... ~ .-~~ _~ _ . - -- - -- _ _ --~~-----GENERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area/name/aqy or nonage dev/rental or owner), complete a D1 and applicable D2-D7 Examples: 1: 25 minor rehab (Nonagy Dev): Area 1: i5 Owner, Area 2: 6 Rentah, & 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. ~: 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: Project/Prograni Address (optional): Str2et: 1311 Centinela Ave. Owner Name (optional}: Santa Monica RedevelopmentAgency Outside 1311 Centinela Ave. ~ItV: ~~P: Santa Monica 90405 Total ProjectlProgram Units: Restricted Units: Unrestricted Units: # 8 # # 8 'or proiectstprograms with no RDA assisfance do not complete any of below or env of HCD D2-D6. Onlv complete HCQ-1 Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? ^ YES ^ NO Number of units occupied by iheligible 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: (number must not exceed "Total Project Units } # Number of units restricted that are serving one or more Special Needs: # ^ Chec(<, if data not available (Note: A unit may serve multiple "Special Needs" below. Sum of all the below can exceed me -IVUmper or umrs DISABLED (Mental) DISABLED (Physical) FARMWORKER (Migrant) FARM~NORKER (Permanent) FEMALE HEAD OF HOUSHOLD # LARGE FAMILY ~ (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use only with "OtherHOUSing Units Provided -Without LMIHF" Sch-DE ars,...r~r,ats„ ~.,~f/~r snerial Need Ilwe Rastrirtion Teem (enter day/month/veer using digits, e.g. {)7/0712UOd): Replacement Housin Units Inclusiona Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date Restriction End Date Perpetuity Funding Saurces: Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Local Funds: Private Funds: $ Owner's Equity: $ TCAG/Federal Award: $ TCAG/State Award: $ Total Development/Purchase Cost: $ Check all appropriate form(s) below that will be used to identify all of this Project'stProgram'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 Redeveloomenf Agencies -Fiscal Year 2008-2009 HCD-D1 Sch Dl (9/21/09) Housing Project Rlame: 1311 Cenfinela Ave. NOTE: On this farm, only report UNITS NOT REPORTED on HCD-D21hrough HCD-DG for• projecUprogr«uz rnrits that have not received mz agency assistance. Agency nssistance includes either finmrcial assis~irnrce (LrLIIHF or other agency firuds) or nonfirzmzcial assistrznce (design, plarznira~ etc.) provided by agency staff. lu some crises, of the total units reported or: HCD Dl, a portion of rrreifs irz the s«rueprajecUprogram may be agezzc}+ arsisterl (reported on HCD-D2 through HCD-Db) whereas other mats nray 6e zrrrassistezf by the agency (reported on HCD-D7). - 77ee intent of t/tlsforrn is fa: (I) recnizcite aizy rl~erence betrveett total pz•ajaet/program uirifs reported on HCD-DI catnparerl to tlee sunz of «!d theproject'sfprogram's zrrrits reported on HCD-D2 tlu•orrglt HCA-DG, mid (2) accazmt for atlrer (nonrrsststed) housing units provided inside it project area that lucre«ses the agency's inchrsimrary obllgatron. Reporting nonagencv assisted. prolec[s ou[side a m•oiect m-ea is o~Zianal ifvni[s do not nzalce-zrp dnv pmt oftotal units reported orr HCD-DI. HCD-D7 Reporting Exrrnaples Ex«rnple 1 (repartireg pmtial units): A neFV 100 mriP project tyres bzrilt (reported nn HCD-DI, Irtsirle or Outside a project areal. Fifty (50) units received agency assistance [30 «ffordable L/YSIHF units (reported on either HCD-D2, D3, D4, or DS) mrr120 above moderate zrrrits were funded wit/r other agency frurds (reported mr HCD-Db)]. The reutaiirirrg 50 (privately fizt«nced and developed martret-rate amts} must be reported mr HCD-D7 to maize up the difj`erence betiveerz 100 reported on DI aad 50 reported on D2-DG). Example 2 (repgrting «ll units); Inside aproject area a corrderzurerl, historic property wns srrbsianfially relrizbitif«terl (muhi- fanrily or single-(anrily), funded by tax credits mrd other privafe~nmming iviUroufany agencyassisfmrce. Check whether Inside or Outside Project Area in completing applicable information below: ^ INSIDE Project Area..........Enterthenumberforeachunitlypeforeachapplicableactivity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: Substantial Rehabilitation Units: Total Units: if agency did not assist anv part of proiect identify Building Permit Number and Dafe: BUILDING PERMIT NUMBER BUILDING PERMIT DATE OUTSIDE Project Area.._..Enterthe numberforeach unit type for each applicable activity ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL PJew Construction Units: e $ Substantial Rehabilitation Units: Total Units: e a If agency did not assist anv part of protect cP3s3s 03/17/2009 identify Budding 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 3003-2009 Sch D7 (9!21/09) HCD-D7 r - ~. - ._.~. ~_ - SC~iEDULE HGp D1- _ ~ _~___ _.___~ __. GENERAL PROJECTlPROGRAM INFORMATION For each different Project/Program (area/name/agy 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 Gomplefe 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-3. 4: 10 new (Outside). 2 Agy Dev (restricfed Rental}, 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s 1 D-4, & 1 D-5. Name. of Redevelopment Agency: Santa Monica Redevelopment Agency Identify Project Area or specify "Outside": Outside General Title of Housing Project/Program: 1243 Franklin St. ProjectlProgram Address (optional): Street: 1243 Franklin St. Owner Name (optional): Total Project/Program Units: Restricted Units: Unresfiricted Units: # 5 # # 6 Was this a federally assisted multi-family rental project [Gov't Code Section 65863:10(a)(3)]? U YES 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 restricfed 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 al! 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 v/ith "Other Housing Units Provided - Without LMIHF" Sch-D6) Affordability and/or Special Need Use Restriction T+3rm (enter davlmonth/Near using digits, e.g. 07101(2002): Replacement Housin Units Inclusionarv Housin Units Other Housin Units Provided With LMIHF ~ Without LMIHF Restriction Start Date Restriction End Date Perpetuity Funding Sources: Redevelopment Funds: ~ Federaf 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-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6) ® No Aqency Assistance (Sch HCD-D7) California Redeuelooment Agencies -Fiscal Year 2008-2009 HCD-D1 Sch DI (4!?I/04} City: ZIP: Santa Monica ~ 90404 Housing Project Name: 1243 Franklin St. NOTE: On this forur, only reporl UtVI'IS NOT REPORTED m: HCD-D2 through HCD-D6for project/progrrur: tuzits that 9zave not received of agency assistarrce..9gency rrssistaliCe includes either frnancial assistance (LIIIIIIP or other agency funds) or aanfimmciat assistmrce (design, plmrnin~ etc.) provided by agency staff. Dz scone cases; of the Total units reporter! an HCD DI, a portion of units irz the same project/pragranz tnay be agency assisted (reporter! an IICD-D2 t/rrpugh HCD-D6) wlrereas oibet• urziis n:ay 6e zutrtssisterlby the agency (reparterl on HCD-D7). - T/te intent of this form is to: (1) reconcile auy rliffereuce 6eirveen total project/progrrrrn units reported nn IICD-D1 canrpared to the. sunz of all the project's/prograsrz's units reported cot HCD-D2 tdn•ough HCD-D6, arrd (2) aecountfor other (uouassisted) IrORSlltg nrtif5 pYOV(dPrl InSille a pr0lect area drat JnCi'e[fSeS Zlfe [fgPltCy'S tfiCh[SialZ6ry OlrhgallOR. RPnortl%Q nOnapeftCy aSSIStPd projects outside a project area is ontiona7 ifunitr do not rnalre-zep any Hari oftotal zrnlts reported on HCD-Dl. HCD-D7Repm•tinrEcamples Example I (reportingpartiatonits): A new I00 uni[Project wrrs buiti (reported onHCD-DI, Inside or Outside aprotect area). Fifty (50) units received agency ussistmrce [30 affordable ZMIHF nlrits (reparterl orz either HCD-DZ, D3, D4, or DS} anr120 above rttorlerate rniits tverefurerletl tvitlz aflzer agency funds (reporter! ort HCD-DG)J. The remaining 50 (prlvafely frnmtcerl and devetoped roar/cet-rate trnifs) nzusf be reporter! on HCD-D7 to ntrz! e up the differ•enee bebveen T 00 reported nn DI arrd 50 reported on D2-DGJ. - Exatnple 2 (reporlirzg all unitsJ: Inside a projecE area a conderazrzerl, hisfnric properly tvas substantially rehabilitated (nutlt% family or single fautily), firndert by tree credits and other private jtrzrnzcnzg without arty agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ^ INSIDE Project Area....:.....Enterthe number foreach 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 Hart of project identify Buildi"ng 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: ' e Substantial Rehabilitation Units: Total Units: 5 5 If agency did not assist any part of project c/sosz os/z~izoos 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 Aroject Units to be reported: ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) Calitomifl Redevelopment Agencies -Fiscal Year 2003-2009 Sch D) (9t21/09) Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) HCD-D7 GENERAL INF6RMATI®N For each different Project/Program (area/name/agy 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-1 s, & Ds3-~t-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 Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5: Name of Redevelopment Agency: Identify Project Area ar specify "Outside": General Title of Nausing ProjectlProgeam: ProjecttProgram Address (optional): Street: 126 Pacific ®wner Name (optional): Total ProjecUProgram Units: Santa Monica Redevelopment Aqency Outside 128 Pacific City: Santa Monica ZIP: 90405 # 5 Restricted Units; Unrestricted Units: #_5_ 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 income/# of residents in unit) at FY end #_ Number of bedrooms occupied by ineligible persohs (e.g. ineligible income/# of residents in unit) at FY end # Number of units restricted for special needs: (number must not exceed "Tote! 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 on! with "OtherNousing Units Provided - Without CM1HF"Sch-D6) nss....Johnit,. and/or Ana~ial NaaA I lea Ras4rir.4inn Term-lBntP.r day/month/veer rlSlnq dlpit5. e.q. 07!01!2002): •...y .........-. -. Replacement Housin Units . Inclusionary 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: $ I CAC/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 (Seh HCD-D3) ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D8) ® No Agency Assistance (Sch HCD-D7) California Redevelopment Aoencies-Fiscal Year 2008-2009 HCD-D1 _ Scit Dl (92!/09) ' Housing Project Name: 126 Pacific NOTE: Ou this form, only report UNITS NOT REPORTED orz IICD-D2 t/:rough IICD-DG for project/pragrnrn znzits tkat brave no! received a~ agency assist¢nce. Agency assistance includes eidter flnrmcial assistance (LMIHF or outer agency fituds) or nortfrrtancial assistance (design, planning, etc:) provided by agency staff. Zn some cases, of the total units reported ore HCD Dl, a portion of nr:its in t1:e wine project/progr•arn Wray fie agency assisted (reported mz HCD-D2 through HCD-DG) whereas oiler writs n:«y be mmssisted by the agency (reported an HCD-D7). The iraenf of this farm is to: (I) reconcile any difference. between totrtl project/ps•ogranz units reportertor: HCD-DI cmnparerl to the sr+rrz of all the project's/prograrnts units reported an HCD-D2 P!u•augb IICD-DG, and (2) accorznt for otlfer (r:onassisted) housing units provided inside « aroiect dreg Otat irzcre«ses dre agency's inelusimrary obligntiou. Repw•tine nonageney asststzd moiects outside a nroiect m•ea is ozrtional. ifzerrits do not nzalce-zrp anv Part oftq{a1 g{ails reported on HCD-DI. HCD-D7 Renortina E,earnnles E.caerple 1 (reporting partial units): Anew Z04 rrnitproject rvrrs hunt (reporfednn HCD-DI, Inside or Outside a project area). Fifty (SO) writs received agency assistazce [30 affordable LMIHF units (reported orz eitber• HCD-D2, D3, D4, or Ds) rind 20 above moderaPe units were fin:rled with other agency fznrds(reported ors HCD-D6)J. There»zuining 54 (privately frnmrced and developed marhef--rate units) must be reported on HCD-D7 to tnal a rtp t/te rtiffer•erzce between 704 reported orz DI and SO reported on D2-D6). - Ezm~rple 2 (reporting all units): Zuside a project area a condenmerd, historic property was subst«ufially relrabilitaterl (mrrlti- fmzrily orsingle family), fimrled fiV tnx credits mzrl oiberprivate.financireg without any agency assisfmue. Check whether Inside or Outside Project Area in completing applicable information below: INSIDE Project Area..........Enterthe numberforeach unit type foreach 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 ® OUTSIDE Project Area...... Enter the number for each unit type for each applicable activity: ACTIVITYs UNITTYPEs VLOW LOW MOD AMOD TOTAL New Construction Units: ~ s s Substantial Rehabilitation Units: ~ Total Units: s s If agency did not assist any part of protect ctz~as osi23/loos identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check all appropriate form(s) listed below that will be need to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2} ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) Catifomia Redevelopment A~ehcies -Fiscal Yezr 2003-2009 Sch ll7 (9/21/09) Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch.HCD-D6) HCD-D7 GENERAL PROJECT/PROGRAM INFORMATION For each different ProjectfProgram (area/name/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 (nonrestricfed): 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 & 7 D-3. 4: 10 new {Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Completa 2 D-1s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General `Pule of Housing ProjectlProgram: Project(Program Address (optional): Street: 2632 Santa Monica Santa Monica RedevelopmentAgency Outside 2632 Santa Monica City: ZIP: Santa Monica 90404 Owner Name (optional): _ Tafal Project/Program Units: # 2 Restricted Units: Unresfricfed Units: #S 2 Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? U YES U 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 Irvote:- n unu mdy serve rnuurl P DISABLED (Mental) r= DISABLED (Physical] ° FARMWORKER (Migrant) IVCCUJ UCIUW. JGl1l V! Gll (IIC UGfUVV UQI/ GEOGGU 111G IVUI/ING/ UI Vp(W aVVVO/ FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (agowabte use only with "Other Housing Units Provided - Without LMIHF" Sch-Dt Affordahility and/or Special Need Use Restriction Term (enter day(monthlyear using digits, e.g. 07/0712002): Replacement Housiri Units Inclusionarv Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date Restriction End Dafe Perpetuity Funding Sources: Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ -Total DeyelopmenflPurchase 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 NCD-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 2008-2009 HCD-D 1 Sch DI (9/21/09) ' HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedule D-2,3,4,5,6) Agency: Santa Monica Redevelopment Aoency Redevelopment Project Area Name, or "Outside": Outside Housing Project Name: 2632 Santa Monica NOTE: On this j'orrn, mzly report IJNZTS NOT REPORTED orx HCD-D2 tRroug/r HCD-Dbfor project/program rat&s thraP /rave not received irk agency rissistairce. Agencyassistance nrclrides eitlrerfirrancia[ assistance (LddIHP ot• o[Irer agency. firrrrls) ar notrfinmuiaZ assistar:ee (rlesigrz, plaruaing, etc.) provirlerl by agency staff. In sopre cases, of the total units reported oa HCD DI, a portion of rn:its in the carne projeeUprograltz {nay Ge ngehcy assisferl (r eporterl on HCD-D2 through HCD-Db) whereas other units tnay he unassisted by the ngettcy (reported on HCD-D7). The intent of tGis for•~n is to: (1) reconcile rrny difference lietweezl tota[prajecUprogrntnnnits reported on HCD-DI compared tb thesurn of all fheproject's/program's writs reported mt HCD-D24hrough HCD-Db, anrt (2) accauntfor other (rrorrarsisterl) IlallSlllg llrllSS praVlded lI1S!!le a pro%eCt area that I7ZCYeaS'eS 1176 (fge{tCy'S [n ClaSlaltaly aGllga11011. RL'p01'ILt72110naoL'nCV aSSlSled projects ozaside a m•oiect area is aplimzal ifunits do ztot make-up ar>~art oflotal arnits reported on KCD-Dl. - HCD-D7ReportineE.ramples Gianrple 1 (i•eparting partial units): A nets 100 unit project tuns built (reported on HCD-DZ,Irtslrle or Outside a project rtrert). Fifty (50) units received agency assistance (30 affordable LMIHF urri[s (reported on either HCD-D2, D3, D4; or DS) and ?0 above moderate uuifs• werefuraled with other agency f{tads (reported an HCD-DG)j. T/:e r•enraiuing SO (privately finairced rmd developed rrzarlret-rate units) rrmst be repai•terl mr HCD=D7 to pzalre up the rliffeYence betiveeri 100 reported az Dl anr150 reported on D2-D6). " Seample 2 (reporting rdl units): Inside a project men a condelrnaerl, historicrroperty was suGstrnrtially rehabilitated (multi- fiunily or single fmtzily), fyruled by Pax credits drul other ps~ivate.~nmrcing without any agency assistance. Check whether Inside or ®utside Project Area in completing applicable information below: ^ INSIDE Project Area..........Enterthe number foreach unit type foreach 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 proiect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE OUTSIDE Project Area...... Enter the numberforeach unit type foreach applicable activity: ACTIVITY: UNIT TYPE: VLO`N LOW MOD AMOD TOTAL New Construction Units: z 2 Substantial Rehabilitation Units:. TotatUnits: 2 z if agency did not assist anv part of proiect C93732 08/Il/2008 identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check all appropriate form(s) listed below €hat will be used to identify remaining Project Units to b2 reported: ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ Outside Project Area (Sch HCD-D4) California Redevelopment Aaencics -Fiscal Year 2003-?009 Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) HCD-D7 -~; z,~ .~;~: G@NERAL PROJECT/PROGRAM INFORMATION For each different Project/Program (area/name/agy 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. Compteta 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 Rental), S Nonagy Dev (noiuestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Santa Monica Redevelopment Agency Identify Project Area or specify "Outside": Outsidz General Title of Housing ProjectlProgram: 221 4 ' St. Projecf/Program Addeess (optional): Street: Ci~t ZIP: 2211 4'" St. SM 90405 Owner Name (optional): Community Corporation of Santa Monica Yotaf ProjecUProgram Units: 22 Restricted Units: # 22 Unrestricted Units: Was this a federally assisted multi-family rznfal project [Gov't Code Section 65863.10(a)(3)]? ^ YES ~ NO Number of units occupied 6y 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: (numbermtrst 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) # TRANSIT[ONAL HOUSING # DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY # FARMWORKER (Migrant) # LARGE FAMILY - # EMERGENCY SHELTERS - (4 or more Bedrooms) (allowable use onto with "Other Housing Units Provided -Without LMIHF" Sch-D6) Affordability and/or Special Need Use Restriction Term (enter day/month/year using digits, e:g. 07/01/2002): Re lacement Housin Units Inclusionarv Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date 06!12/2006 Restriction End Date 06/12/2061 Perpetuity Funding Sources: Redevelopment Funds: $ 6,782,455 Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: TCAC/State Award: $ Total DevelopmentlPurchase Cost: $ 6,752,45b Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units: ^ Replacemen4 Housing Units Incfusionary Units: Other Housing Units Provided: (Sch HCD-D2} ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-b5) ® Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-Do^^) ^ No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies-Fiscal Year 2008-2009 HCD°D1 Sch Ul (912]/09) INCLUSIONARY HOUSING UNITS (OUTSIDE ALL PROJECT AREAS) (units not claimed au Schedule D-3,5,8,7) (units with required affordability restrictions 4hat agency or community controls} Agency; Santa Monica Redevelopment Agency Project Area: OUTSIDE Affordable Housing Project Name: 2211 4th S Check only one: If both apply, complete a separate form for each {with another Sch-D1): ^ Agencv Developed ®Non-Agencv Developed Check only one. If bofh apply, complete a separate form for each (with another Sch-D1j: ®Rental ^OwnerOccupied Check only one. If both apply, complete a separate form for each (wifh another Sch-D1): ^ One-to-One Credit ®Two-to-One Credit (units do not fulfill any (2 units required fo 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: 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. __-~ Of Total, identify the number aggregated from other project areas (see HCD-A(sj, Item 8): B. Substantial Rehabilitation: (Post `93/A61290 Definition of Value>25°l°: Credit for Obligations Since 1994}: Elderly units Non Elderly Units TOTAL Elderly &Non Elderly Uhits VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW PROD TOTAL INELG. ~.~ 22 22 ~ 22 22 Of Total, identify the number aggregated from other project areas (see HGD-A(s}, Item S): C. Acquisition of Covenants (Post `93/AB 1290 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. TOTAL UNITS (Add only TOTAL of alt"TOTAL Elderly /Non Elderly Units"): ~~ 17fTOTAL UNITS is less rlrnn "Total ProiecUPrazranr Unifs" on HGD Schedule DI. remnK the remninin~ uufts rrs iaslrneted Gelozv: I Check alt 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) ^ With LMIHF(Sch HCD-DS) ^ Without LMIHF (Sch HCD-D6) ^ NoAssistance (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 TOTAL INELG. VLOW LOW MOD T~OTA~L INELG. I I _I II California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-D4 Sch D4 (9/21!09) ~c~l~~u~~ ~~~-~ ~pA~~1~~$~g~~YJ~9q~T~T ~Y gAp®1V gQ~~A'~+ri~1q~1 g~~Y0A~'~ST'A q~~Y'~1 ~1V 9A-c4~S~1~g1~V1(~+g~J9~4JpgYTla~~1g.~Y.~~~pV'J~4yAg®~1V i`~4g&~~$y 41~'9gD~~~T~~vA$A]~L91V ~L-SF:NY'J~Y N~11® Ui~~XA`~Y'Ay MY®'dJ ~%1V~A'l.AA9'YA &. y9 Yl A~1ALV 73 ~9Y~1'A~5 ®1r.~~1V V4 fl~A~ Agency: Santa PNonica Redevelopment Agent Name of Rroject or Area (ifi applicable, list "Outsido" or "Summary": Earth uake Recove £onzplete this form to t•eport activity sepapatzly by project or area or to summarize activity for the year. Report «~Il neav construction rrur7/or substmatial relzabilitntior2 units from Fornzs DZ tlzrrough D7 that were: (a) developed by the agency mzd/or (b) developed only ira a project area by a nonageney person or entity. PAR'P I [H~SC Section 33413(b)(i)] AGEia1C'Y DEVEI.®PEI3 IJl®TITS RIJRII®T~ TIIE REl'~R'I'I1VG YEAR B®TI3 INSII3E A1VIq ®iJTSII9E DF A PR®.IEsLT AREA 1. New Units Developed by the Aeency 2. Substantially Rehabilitated Uruts Developed by the A~encY 3. Subtotal -Baseline of AeeneX Developed Units (add lines 1 & 2) I 0 4. Subtotal of Increased Inclusionary Obligation (Line 3 x 30%) (see Notes 1 acrd 2 beloia~) Q~ 5. Verv-Low Inclusionary Obligation Increase Units (Line 4x.50%) 0 PART II (II&SC Section 33413(6}(2)] N®NAOE1+t~S' IDEVELOPEI9 I7IVITS I9iTRI1~IG THE I21;P®R'I'I1~tG YEAR (3NLY INSII3E A PR®JEC`I' AREA 6. New Units Developed by Arry NonaQencv Person or Entity 368 7. Substantially Rehabilitated Units Developed by Any Nmragency Person or Entity 0 8. Subtotal - Baseline of Nonagency Developed Units (add lines 6 & 7) 36$ 9, Subtotal of Increased Inclusionary Obligation (Line 8 x 15%) (see Notes 1 and 2 beloi~) 55 10. Verv-Low Inclusionary Obligation Increase (Line 9x.40%} 22 PART III REP®RTIPdG YEAR T®TALS 11. Total Increase in Iiiclusionary Obligation (add lines 4 and 9) 55 12. Very-Low Inclusionary Obligation Increase (add line. 5-and 10) (Line 12 is a saabset of Line 11) 22 #####*##g#Y,.;Y.3*F*##*##k#####i###}####SA:k#kA##**#%kx#A*##*¢##.i,.##¢.~+,.#.i#*##*.####.#:##T##8:k;###i##s,3###*##i###i*##i.:#id##*S:i*%4*kt#t N®TES: 1. Section 33413(6)(1), (2},-and (4) requre ragencies to ensare that applicable petcerztages (30% or• IS%) of n[I (uzarlret-rate arzd affordable) "nerv mall substrtr;tially rehabilitated altveLlitag atuits" are made available at affordable housing cast within IO year plararzing petiods. Mm•ket--rate units: tuzits not assisted with Pozvaaaod fmads arul juaisdictima does not eorztr•ol affordability restrictions. Affordable tuzits: awaits generally restricted for tlae loazgest feasible time Geyorad tlae redevelopment plan's Iztnd use controls mad jurisdiction cmztr'ols affordability restriction. Agency developed atrzits: market-rafe tuzits can not exceed 70 percent mid affot dable califs rzztrst be at least 30 percent; Izorvevet; all arrzits assisted with low-tazorC funds must be affordable. Nonagency develooed (proieet_area) carzits: mar•lret--rate units carz not exceed''. 8.5 percent and affordable units marst be at least 15 percent 2. Prodttetiort requirements nzay Fie razet on a project-by ~rroject basis or in aggregate within each 10 yem• planningperiod. The percentage of affar~rlable straits relative to total units required within each 10 year planning period may be calculated as follows: AFFORDABLE terzits = Mmket-rate x (.30 or.15) T®TAL malts = Marlret-rate or Affordable (. y0ot•.SS) (, 70or•.85) (.30or.15) California Redevelopment Agencies -Fiscal Year 2008-2009 HCD-E Scli E-] (9YL](09)