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sr-121410-3r~ City C®uncil and ~~tY of edevel®rnnt ncy pint Santa Monica Council iVleeting: ®ecember 14, 2010 Agenda Item: 3~ 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 2009-2010 Recommended Action Staff recommends that the City Council: 1. Receive the Redevelopment Agency's Annual Report for Fiscal Year 2009-2010. 2. Authorize staff to report to the Los Angeles County Auditor-Controller how the Agency intends to remit the required ERAF payment for 2010-11. Staff recommends that the Redevelopment Agency: 1. 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 31st. 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, which is submitted to the California Department of Housing and Community Development. Discussion Each year the Finance Department prepares financial statements for the Agency that disclose the Agency's financial condition at the end of the fiscal year. Mayer Hoffman and McCann P.C., independent auditors, audited these financial statements for the period July 1, 2009 -June 30, 2010 in compliance with standards set out in Section 1 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. In addition to providing a copy of the independent financial audit from Mayer Hoffman and McCann P.C., the attached annual report for FY 2009-2010 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 (HCD). The annual report is required to be received by the Council and transmitted to the State Controller and HCD by December 31, 2010. In addition, Chapter 21 of the Statutes of 2009 requires redevelopment agencies to shift $350 million in property tax revenues to K-12 schools during the 2010-11 fiscal year via the Supplemental Educational Revenue Augmentation Funds (SERAF) in each county. By March 11, 2011, City Council must report by to the Los Angeles County Auditor- Controller how the Agency intends to make its SERAF payment. The Agency intends to remit $4,299,520 from available tax increment to the Los Angeles County Auditor- Controller for the 2010-11 SERAF shift. This payment will be made pending the outcome of any legal action taken by the California Redevelopment Association against the State for violation of Article XVI, Section 16 of the State Constitution. 2 Financial Impacts & Budget Actions There is no budget impact resulting from the approval of the Redevelopment Agency's Annual Report for Fiscal Year 2009-2010. Prepared ay: Sarah Johnson, Administrative Analyst roved: Andy Agle, Housing and Economic Development Attachments: Forwarded to Council: Rod Gould City Manager 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 3 Attachment A Annual Report Summary For Fiscal Year 2009-2010 Redevelopment Agency of the City of Santa Monica ~~}~~^ SANTA MONICA REDEVELOPMENT AGENCY ~'~s~al ~e~~ 2009-2010 Decetaer 2010 The Annual Report Summary for the Santa Monica Redevelopment Agency contains a review of the objectives and activiries of the Agency in Fiscal Year 2009-2010, and a preview of the Agency's work plan for Fiscal Year 2010-2011. I. INTR®I9IJC'TI®N This annual report summary for the Santa Monica Redevelopment Agency contains a review of the objectives and activities of the Redevelopment Agency in FY 2009-2010, and a preview of the Agency's objectives and work plan for FY 2010-2011. This summary document explains in narrative form what the Agency worked on during the reporting fiscal year. When submitted to the Agency, the summary report is accompanied by supporting documentation that the Agency is required by state law to report each Fiscal Year. 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 (IndependentAuditor'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 Redevelopment Agencies); and 4) Any other supplemental information that the Agency believes useful in explaining its programs and activities. II. ISESCRIP'I'I®N dIF' REI2Ej/EI.®PiViENT PR®JECT l~REI~3 On August 13, 1957, the City Council of Santa Monica established the Santa Monica Redevelopment Agency pursuant to Redevelopment Law. In May 1972, the City Council declared itself the Agency and assumed all the rights, powers, duties and privileges vested in a redevelopment agency. There are four redevelopment project areas within the city: ® Ocean Park Redevelopment Project Area lA ® Ocean Park Redevelopment Project Area 1B 3 Downtown Redevelopment Project Area g Earthquake Recovery Redevelopment Project Area Ocean Park Redevelopment Project Area 1A The CityCouncil adopted the Redevelopment Plan for the Ocean Park Redevelopment Project 1A on June 30, 1960 and amended the Plan on November 14, 1967, primarily to change the permitted land uses. The project area is 25 acres bounded by Ocean Park Blvd. to the north, Neilson Way to the east, Ocean Park Project 1B to the south and the state beach parking lots and beach to the west. The project area 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 g Santa ij~oriica Redeve(opmentAgency Annual Report Szrmnary, Fiscal Year20tJ9-2020 condominium units. Ocean View Park is a public park located in the center of the project area facing the ocean. The project was completed in 1987. Ocean Park Redevelopment Project Area IB 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 September 12, 1972, principally to change the permitted land uses. The project area consists of 8 acres bounded by Ocean Park Redevelopment Project Area lA to the north, Neilson Way to the east, the City limit to the south, and state beach parking lots and the beach to the west. The project area 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. The project was completed in 1983. Downtown Redevelopment ProjectArea 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, 4t1i Street to the east, Colorado Avenue to the south, and 2~~ Street to the west. The project consists of Santa Monica Place, a large retail center that is owned and operated by the Macerich Company. The project also includes two Agency-owned parking structures that provide 1,843 parking spaces. Santa Monica Place underwent a substantial remodel that began in 2008, and the center re-opened in August 2010. The Agency made significant improvements to Parking Structures 7 & 8, which re-opened in conjunction with the mall in the summer of 2010. Improvements included renovating the facades, converting the structures to full-day attendant parking, installing parking controls, and other related capital improvements. Earthquake Recovery Redevelopment Project The City Council adopted the Redevelopment Plan for the Earthquake Recovery Project on June 21, 1994. The project area is 2.89 square miles-bounded by Cloverfield Boulevard and 26~ Street to the east, Pacific Coast Highway/Beach Promenade to the west, Pico Boulevard to the south, and Montana Avenue to the north-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 substantial disaster prevention and mirigation, commercial revitalization, community revitalization and institutional projects. In 2009, the City Council approved Redevelopment Funding Priorities for capital improvement projects over the next five years, as discussed below. Saran h'lonica Redevetopmentrlgency Annual Report Sunm~at}; risenl Year2Z109-2QZt7 III. FIVE-PEAR REDEVEI.OPIIIENT FUNDING PRIORITIES 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, in June 2009, the Agency adopted funding priorities for spending a projected $283 million in tax increment revenues over the next five years (not including the 20 percent of gross tax increment dedicated and expended on affordable housing). These funding priorities are indicated throughout this report as priority projects. The Agency emphasized affordable housing, planning to spend $43 million beyond the required 20 percent of tax increment funds. This means that over the next five years, 15 percent of the Agency's prioritized spending is committed to affordable housing development, in addition to existing affordable housing requirements. Priority spending also emphasizes public improvements to the Civic Center area, including: a new seven-acre public park; upgrade and seismic retrofit of the Civic Auditorium; cultural and childcare facilities; exploration of freeway capping; preparations for the Exposition Light Rail Transit line; shared parking faciliries; and joint use opportunities with Santa Monica High School for community use of athletic. facilities. The remaining priority projects included property acquisirion, a traffic signal master plan, expansion of Memorial Park, and a new library in the Pico neighborhood. These Agency funding priorities Formed the basis for the Agency's FY 2009-2010 through FY 2013- 2014 Five-Year Implementation Plan, which the Agency adopted on November 17, 2009. Considering the Agenc}~s desire to ensure the timely implementation and completion of projects, the Agency and City entered into a Master Cooperation Agreement whereby the Agency pledged all net available tax increment to finance the public improvements and affordable housing as defined in the current implementation plan. This Agreement is further detailed in Agency Resolution 527 (August 10, 2010), consenting to the use of Agency funds for payment of costs associated with the Agency-funded projects in the current and prospective Five-Year Implementation Plans. This report organizes projects as follows. First, it highlights the affordable housing projects and programs in all areas of the City. Then, it presents projects according to the area of the City in which they are located. Many of the projects are interrelated due to their proximity to each other, and are therefore grouped accordingly. The report first outlines all of the projects located in the Civic Center area, moves on to projects in the Downtown area, and then discusses projects in other areas of the City. IV. ACTIVITIES FOR FISCAI. YEAR 2009-2010 AND 2010-2011 The Agency's activities for the last fiscal year, and its objectives and activities for the current 2010- 2011 fiscal year are set forth below. These activities implement the Agency's FY 2009-2010 through FY 2013-2014 Five Year Implementarion Plan for all Redevelopment Project Areas. Exhibit 1 provides a list of projects organized according to which FY 2009-2010 through 2013-2014 Implementation Plan objective they fulfill. The Implementation Plan objectives are as follows: A. Disaster Prevention and Mitigation B. Commercial Revitalization 3 Santa Nfonicn Redevetoprnenttlc~ency Annul ReportSairnrttan; Ptscal Year20Q9-201tJ C. Community Revitalization D. Institutional Revitalization E. Affordable Housing A. Afffordable Housing Developments [Agency Funding Priority] 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 Plans. In 2009, the Agency reemphasized the high priority it places on affordable housing by committing an additional allocation of $43 million dedicated to affordable housing development over the next five years, in addition to the 20 percent of grass tax increment that is expended on affordable housing. Staff successfully leverages Agency funds to attract other funding sources,.including federal and state tax credits, funding for special needs populations, and traditional bank loans. During the reporting year, the Agency allocated the following funds to the Law and Moderate Income Housing Fund, and completed the projects and programs described below. ® Project Area Housing Fund Revenues During the reporting period, the Agency contributed $14,705,348 to its Low & Moderate Income Housing Fund, reflecting 20 percent of the tax increment revenues received in FY 2009-2010. These funds are used to support low and moderate-income housing. The following represents the breakdown of these contributions: Ocean Park Redevelopment Projects IA & 1B In FY 2009-2010 the Ocean Park lA and 1B Redevelopment Projects received $4,029,853 in tax increment revenue, of which $805,971 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 2009-2010, the Downtown Redevelopment Project received $1,228,313 in tax increment revenue, of which $245,663 was set aside for housing activities. These funds were expended on debt service, associated administrative costs and developments through the Affordable Housing Trust Fund. Earthquake Recovery Redevelopment Project In FY 2009-2010, the Earthquake Recovery Redevelopment Project received $68,268,572 in tax increment revenue, of which $13,653,714 was committed to housing activities. ~l Santa iYfonica RedevelapnzentAge~~ey .1nr~ual Repn,tSwnnxan; Fiscal 'fear2009-2010 ® Line of Credit -Leveraging Housing Set-Aside Funds. FY2009-2010: 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. During FY 2008-2009, four new construction and two rehabilitation multifamily low/moderate income developments received commitments of a total of $31,027,950 from the line of credit. During FY 2009-ZO10, four additional new construction and one rehabilitation multifamily low/moderate income developments received a total of $17,255,328 in commitments 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 spending more in the near future, the Agency can get more for its money by reducing its risk of rising costs due to increasing land values ahd construction costs. FY2010-2011: The Agency has until 2012 to exercise its option to increase the line of credit by an additional $25,000,000 to rehabilitate existing developments or to create new affordable housing developments as opportunities arise. © Senior Homeless Prevention and Rental Assistance Program. FY 2009-2010: The Housing Authority funds two programs with Redevelopment funds-the Senior Homeless Prevention Program (SHP) and the Rental Assistance Program. The SHP program provides assistance to senior households at risk of eviction. The Rental Assistance program provided rental subsidies to 75 senior households. FY2010-2011: 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. ® 175 Ucean Park Boulevard. FY 2009-2010: The Agency 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. FY2010-2011: This is an ongoing obligation of the Agency. a New Construction and Rehabilitation off Affordable Housing Units. In summary, seventy-eight (78) affordable housing units have been constructed or rehabilitated and are occupied. An additional thirty-six (36) units are currently in the construction phase and four hundred and seventy-three (473) units are in the acquisition/predevelopment/design phase. The following tables provide a snapshot of housing development activity during FY 2009-2010 and anticipated activity during FY 2010-2011. Sn_utn A-7onicc~ Redeti~e(opmentAgenc}~ .lnnuczl~ReportSummar}, Fiscal Yec[r2009-2010 Completed - FY 2009-2010 ~~°~ 2~~ s ~ , a ` ' ` ~ ~ d ~ ~~'~i1. ~ °~ '~ ~°~i 3~~~ 1' f F r i 9' ~ S'~ s , „n 1 i( Y ~~' '^3+3IM-~ alr ~ k 35 i ~'1+fl i. 9 a~ n d`M y ) Y ry'~ k S~~~P,a.~ Jtx.i r. ~.. ~. ,. .)e .e.. 5 r,...., r' .. ,i,... ..: ... r,. ~'... .. .~ Jv e ~.... ..v: ) ..,,... ~,.,!/. .. /YS s Rehabilitation { ~~~~~ 6 Low Income May 2010 r ~~ 5 2BR £i ~ ¢'~~~ r t ' ~ ~` Ve Low and rY a . ,,,~ „ ~ New ~~~~~'x o}'~' ~ "'.~~~ 20 lbedroom Low Income December t ~ 0 ~~~~~~~,~~~~/~ onstrucrion for Seniors 2009 ~~~'`rxl/~<~< ~t ~ ~' g~^'"~ 1,~~r RehabilitatOn 12 1 Studio !5 -1BA L I om M 2010 y ~ ~ ' ow nc e ay ~ it " z~rr r~;rr ~; 6 - 2BR /~'s^-' s ,.fF C~ ~'rr i ~,t r` i~ " ' 4-1BR ~ ~~~ ~9~8 ~ ,a. Rehabilitation 6 Low Income Octpber 2009 31,~„~ ~~' F j1 e 4, h bilit t ~ R ~"~ ~~~ 8 ~ m e a a on ~ c ~ : Low Inco e May 2010 ~ 1 Studio 6p ~- f n~ ~ ~ Rehabddation ~ `~ ~ 10 5 2BR Lowlnmme une 2010 ~ ~ ~'~%?7ias'~,1 ~ ~ o ~ :+ ~s~x ~'~ r"~e"~~F °~ ~h Rehabilit tion ~ 8 8-2BR ! L I September a ' ' ow ncome 0 ~~~~ ~ ~,, ~~; 20 9 ~,~vu sN~~~,~r,~i ~~ ~ 7 single Permanent s~ ~ ~ ~~ ~ F~ supportive /~~,~"`~m-~~'~~ ~ ~ ~y ~.~,~~~ Rehabilitation ~ ~ 8~ oc upancy; 1 iBR Very low: I Iu1y 2009 housing for, 'young adults ~za ~'~' `?~"~i ,~~ c ~ ,ft f> ~' ~ manager's ncome experiencing first ~a~r ~~ S~ nit 4episodeof ; ~ ~~~~~~~~~,y~~ u mental illness '"~ ~~~~ ~E ``, 9-Singles ~~~~~~" Very LOw and a 78 36 1BA Fs~~'~ r~s~~,~~ 33 2BR Lowlncome ~ Construction Phase - FY 2009-2010 v A' Vi i, z~ B r~ ~~ s~ a r v^-r~' am' r =m ~ y ~, ~ ~ ~ Very Low, ~~ Rehabilitation Majority of ., ~ r ,: a - " Mobile Law, and Rehab completed in of park, not all 105 construction 3= - > _._,, homes Moderate September 2010 units' completed y Income '. Majority of, . < - a ' 25 1BR Very Low and - Rehab completed in Rehabilitation 36 construction s %~ 11 2BR Low Income ' August 2010 completed . 36 + MRP ~'~, rehab 6 Santa Monica Redee~elo~meni agency annual ReportSumrnary; Fiscat Year2009-2010 Acquisition/Predevelopment/Design Phase - FY 2009-2010 Santa Monica RedevelopmeniAt~ency annual ReportSumrnary, Fiscal Year20f19-2010 The Agency will continue to pursue as many very-low, low, and moderate income housing opportunities within the City as feasible with funding assistance for land acquisition, new construction, and acquisition and rehabilitation of existing properties. i3. Civic Center Projects The Civic Center area of Santa Monica is as large as the Cites Downtown core but feels very spread out with wide strzets and large areas of surface parking. Geographically, the Civic Center area connects several major activity centers-Downtown, the Beach and Pier, Palisades Park, Santa Monica High School, Ocean Park, and the Main Street commercial area. However, it is not pedestrian-oriented and may act more as a barrier than as a connector. The Agency is placing strong priority on redeveloping the Civic Center area so that it can reconnect the city's fabric and strengthen linkages between key districts. The projects in this section fulfill Implementation Plan goals of community revitalization and institutional revitalization. ® Civic Center Specific Plan Projects -The 2005 update to the Civic Center Specific Plan (CCSP) 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. There has been significant progress on the projects listed below, with the Redevelopment Agency playing a critical role in funding these projects. ® Palisades Garden Walk. [Agency Funding Priority] FY2009-2010: The Palisades Garden Walk and Town Square will create seven acres of park space bounded by Interstate 10 and Olympic Drive, City Hall and Ocean Avenue. Envisioned as a central component of the Civic Center Specific Plan [CCSP), these new parks will provide a critical link between the Civic Center, Palisades Park, the Pier and downtown. The Redevelopment Agency prioritized $25 million in funding for this project in FY 2009-2010. During the reporting year, following a competitive process, the City Council selected James Corner Field Operations and placed them under contract to design the parks. Council also approved an extensive community engagement process which was launched. FY2010-2011: City staff, in collaboration with James Corner Field Operations, has begun holding broadly noticed community workshops.-The first community workshop held in July 2010 helped establish a program and themes for the park. In September, three concept designs were presented at the second workshop jointly convened by the Planning and Recreation and Parks Commissions. A revised schematic design was presented at a workshop in November jointly convened by the Planning and Recreation and Parks Commissions, with a final workshop on design development planned for late January 2011. After each workshop and stage of design, the City Council will weigh-in and provide direction. Required regulatory reviews with both the Landmarks Commission and Architectural Review Board will occur in spring 2011, and the design ~ Santa Monica Redevelopment Agency annual ReportSnmmnry, Fiscal Year2009-2010 for Palisades Garden Walk and Town Square will be incorporated into construction documents and specifications. Construction is anticipated to start in 2012 and a park opening is anticipated in the winter of 2013. a Early Childhood Education Center (ECEC). (Agency Funding Priority] FY 2009-2010: The Civic Center Specific Plam(CCSP) calls for the creation of an early childhood education center (ECEC) to provide a learning environment for Santa Monica College (SMC) students and a childcare facility for the civic center. In 2009, the Redevelopment Agency prioritized $4.4 million in funding to supplement a budget appropriation of $1.163 in FY06/07 and $7 million in SMC Bond funds for design and construcrion costs. During the reporting year, staff began work on an exclusive negotiating agreement between the City and the College to allow the parties to work out scope, responsibilities and schedule for building, operating and maintaining the center. When the City Council directed staff to undertake negotiations with The Broad Foundation regarding creation of an art museum open to the public in the Civic Center, work on the early childhood education center was delayed since the proposed museum was to be located on the site identified in the CCSP for the ECEC. FY2010-2011: It is anticipated that site selection and a legal agreement will be finalized so that further work on the ECEC-can continue. ® Freeway Capping. (Agency Funding Priority] FY 2009-2010: A key recommendation of the Civic Center Specific Plan was to explore options far capping a number of different segments of Interstate 10. Capped areas would create new land for open space, parks, .and pedestrian connections between Downtown and the Civic Center. As part of their funding priorities, the Agency allocated $2 million toward freeway capping construction. Staff issued a Request for Proposals in October 2009, and in January 2010 the Council authorized a contract with AECOM to complete a feasibility study. The study, funded with designated freeway capping funds as well as Agency funds allocated from Expo Green Streets and Pathways and Civic Center Planning and Design, will include cost estimates that fully explore capping and phasing options from Ocean Avenue to 4rh Street with priority given to two segments- the McClure Tunnel and Fujinomiya Douri Drive extensions. Immediate priorities are: o ,Analyze the feasibility of a Phase I project to improve pedestrian access at the intersection of Colorado and Ocean and allow for entrance into the new Palisades Garden Walk, with a small cap/ bridge or widening of the existing ridge over the McClure Tunnel and the I-10/Pacific Coast Highway transition. o Analyze feasibility and provide cost estimates for a new roadway between Fujinomiya Douri Drive and the Fourth Street I-10 off-ramp. Analysis would g Sc+nta,tifonica RedevelopmentAgency Annual ReportSmnmory; Fiscal Year2009-2010 determine the effectiveness of diverting traffic from the downtown intersections that would have additional traffic pressure due to Expo Light Rail operations. FY 2010-2011: Staff will return to the City with results of the AECOM feasibility study and seek further direction in January 2011. Dependent on Council direction, further work could include schematic design and the required Caltrans Advanced Planning Report, environmental review, and Caltrans entitlements. Staff is coordinating with Caltrans regarding regulatory approvals if the Council approves a project. a Civic Auditorium District Projects. [Agency Funding Priority) FY2009-2010: These open space and cultural facility projects will occupy the block bounded by 4~h, Main, Pico, and Civic Center Drive. The projects include a new park and a cultural facility with streetscapes and pedestrian linkages designed to complement the Civic Auditorium's program (see below) and the ECEC (described above as a separate capital project within the district). In 2009, the Redevelopment Agency prioritized $21 million in RDA funds for the park and possible cultural facility. FY 2010-2011: It is anticipated that the cultural facility component will be resolved so that work on the remaining components of the block can progress. ® Civic Auditorium Renovation. (Agency Funding Priority] FY 2009-2010: In 2009, the Redevelopment Agency prioritized $25 million in RDA funds to renovate the Civic Auditorium. In March 2009, City Council authorized the issuance of a Request for Qualifications to solicit qualifications from non-profit and/or for-profit entities interested in participating in a public/private partnership for the use and programming of the Civic Auditorium. In September 2009, City Council authorized the City Manager to negotiate an agreement with the Nederlander Organization to do so, and negotiations are currently underway. The $25 million will support seismic and accessibility upgrades to the landmark building as well as some upgrades to equipment (lighting, sound, stage) and building systems (i.e, HVAC, acoustical, electrical). FY 2010-2011: It is anticipated that proposed business terms with the Nederlander Organization will be considered by the City Council in late 2010 or early 2011 and that renovation plans for the Auditorium will proceed following selection of a design build firm. ® Exposition Light Rail Enhancements. (Agency Funding Priority] FY2009-2010: Construction of the Exposition Light Rail Transit (LRT) is scheduled to begin in Santa Monica in 2014. As part of its 2009-2013 funding priorities, the Agency allocated $10 million for station enhancements and an additional $20.9 million for Green Streets and Pathways to improve access to the new stations. In October 2009, staff issued a Request for Qualifications (RFQ) for a consultant team to develop criteria far integrating the Expo LRT, designing a downtown station plaza, and creating an "Esplanade" along Colorado Avenue (as described in the project below). In December, staff invited the five most qualified teams that ~{p Sontu Monicu RedevetopmentA„c envy Annual RepartSumrnart; Fiscut Yecr 2009-2010 responded to the RFQ to submit specific proposals, and in February 2010, the Council awarded a contract to Cityworks Design. This analysis will ensure that the Expo LRT effecrively integrates into downtown and meets City standards regarding pedestrian orientation; parking, and ADA access. FY2010-2011: City staff and the Cityworks Design team will present the design criteria for the integration of the Expo LRT to Council in late 2010 or early 2011. As the Expo LRT project is more fully designed, the City will determine what additional station design and construction projects will be needed to allow Eor optimal interface between pedestrians, bicycles, transit and vehicles. ® Colorado Esplanade and Station Plaza. [Agency Funding Priority] FY 2009-2010: This project is a component of the broader Expo Light Rail Enhancements described above. The Expo LRT will traverse down Colorado Avenue at grade level to integrate with the urban fabric and the future vision for the downtown. Infrastructure improvements will be required to ensure that the grade-level transit line and station will effectively integrate into a key Downtown corridor. Initial design concepts for the Starion envision a large plaza at 4rh St. and Colorado Ave. At the August 11 2009 workshop, the community supported the concept of a pedestrian "Esplanade" that connects the station to the Pier along Colorado. This will provide wider sidewalks, a new streetscape and an improved bicycle route while removing a minimum of one lane of car traffic. The project will make pedestrian improvements at the intersection of Colorado Avenue, Ocean Avenue, and the Pier Bridge, which will improve connections between Palisades Park, the Pier, and the new Palisades Garden Walk. Activity during the reporting year has been part of the broader Exposition Light Rail enhancement activities described above. A project designer will be selected in winter or spring of 2011. FY 2010-2011: As planning for the Expo LRT moves forward, planning the Colorado Esplanade and Starion Plaza be an integral component of the City's preparations and the. Agency's funding priorities. a Civic Center Joint Use Project (CCJUP). (Agency Funding Priority] FY2009-2010: The CCJUP seeks to connect the School District's long-range plan to expand the Santa Monica-High School campus with revitalization efforts underway in the civic center. Specifically, the CCJUP includes plans for new or redeveloped recreational and cultural facilities that the public could access when not needed by the high school, the creation of a Michigan Avenue pedestrian/bicycle promenade to facilitate public access through the campus, and subterranean parking. During the reporting year, the City Council highlighted the CCJUP as a priority redevelopment project and designated $57 million for the project. The decision to move forward with the project was based on siting studies and community meetings, conducted in previous years, which demonstrated the community benefits of this project. FY 2010-2011: Staff is continuing to move forward with the project, working collaboratively with School District staff. In June 2010, as part of the citywide budget adoption, Council 13. Sun ttl ibloniea RedevelaprnentAgency Annuul Repo;-tSwnmory, Fiscul Yeur2009-2010 allocated $1.084 million in General Fund revenue to the CCJUP, which reduced total Agency funding to $55.916 million. In October 2010, the Council authorized staff to negotiate a Memorandum of Understanding with the School District to spend the initial funding on planning, design, and preliminary environmental review on the project. In winter and spring of 2011, the School District will move forward with technical studies for environmental review and design, and will conduct additional community workshops. City staff will work with District staff to develop the terms of an agreement for the remaining $55.9 million allocation. • Shared Parking jAgency Funding Priority) FY 2009-2010: During the reporting. year, the Agency also allocated $25 million for the development of shared parking For Civic Center uses. Efforts to capitalize on shared parking opportunities are a priority as Civic Center projects proceed with planning and design. A traffic circulation study is underway to consider optimal circulation based on the Civic Center Specific Plan build out and phasing, while planning for effective Civic Center circulation in relation to the Downtown as well. FY2010-2011: Staff will complete shared parking analysis; and taking development and phasing schedules into consideration, will provide recommendations City Council in early 2011. C. Downtown Projects Downtown is adjacent to the Civic Center area of Santa Monica, and many of the projects in this section are connected to projects in the previous section due to their proximity. Projects in the Downtown area fulfill Implementation Plan goals of commercial revitalization and disaster mitigation. • Santa Monica Place. FY 2009-2010: The objectives of the Santa Monica Place renovations included redesigning the enclosed mall into an outdoor shopping venue, establishing an open connection to the Third Street Promenade and adjacent streets to better integrate shopping Downtown, and providing an attractive shopping destination that would appeal to retailers and the community. The mall construction and remodel commenced in FY 2008-2009 and was completed in FY 2009-2010. The Agency worked with Macerich Company on the remodel of Santa Monica Place and coordinated construction of public improvements to ensure the Cit}~s conditions of project approval were satisfied. The mall reopened on August 6, 2010. Bloomingdales and Nordstrom's, the two anchor department stores at Santa Monica Place, also remodeled their stores and reopened on August 6~h and 26~h, respectively. • Improvements to Parking Structures 7 & 8. FY2009-2010: In conjunction with the remodeling of Santa Monica Place, the Agency continued improvements on adjacent Parking Structures 7 and 8. The first phase of improvements featured facade upgrades including exterior cladding, glass elements, and new signage. Parking ~.2 Sunta,'rlonica Redevelopment Agency Annuol Report Summon„ Fiscal year 2009-2010 controls and related capital improvements were installed to integrate operations of these garages into the Cites broader Downtown parking system. The Agency worked with the Macerich Company to oversee construction of the improvements, which were completed in the summer of 2010 in coordination with the reopening of Santa Monica Place. FY 2010-2011: Additional improvements, including ground level retail shops at Parking Structure 7 and public bike parking facilities at both Parking Structures 7 and 8 are anticipated to be completed in FY 2010-11. Construction on the bicycle parking facilities is scheduled to begin in spring of 2011. ® 2na and 4tb Street Improvement Project. FY 2009-2010: This streetscape improvement project was part of the Downtown Urban Design Plan. It 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 six mid-block crosswalks on 2~d and 4~h Streets downtown. The project was substantially completed in 2009, but final elements were installed in 2010 in conjunction with the reopening of Santa Monica Place. The project is now complete. ® Downtown Parking Program. (Agency Funding Priority) FY 2009-2010: At its September 8, 2009 meeting, Council endorsed the Walker Parking Study, which was afollow-up to the Downtown Parking Program adopted on May 9, 2006. The Walker Parking Study analyzed parking demand and operations in the Downtown area and proposed options far enhancement. Other -than the additional parking spaces planned in the reconstruction of Parking Structures 1 and 6, the Study found that Downtown Santa Monica does not need additional public parking at this time. An interdepartmental team reviewed the recommendations, gathered input from Downtown stakeholders, and developed a phased implementation plan. At the May 11, 2010 Council meeting, Council approved the first phase of recommendations, which established new parking rates for Downtown Structures 1-9, the Main Library Structure, the Civic Center Structure, and the Civic Center Auditorium Lot, effective July 1, 2010. Staff is also working on agreements for public use of private parking, and a new employee parking program. FY 2010-2011: As Council approves them, staff will implement remaining Study recommendations, which include expanded transportation demand management, alternative payment mechanisms, a review of parking staffing and policies, a maintenance program, a review of in-lieu fees, a valet program, an ongoing parking review process, and new ways to disseminate parking information. a Parking Structure 2. FY2009-2010: This project entails a seismic retrofit of the existing, nine-story Parking Structure 2, located at 1235 2^~+ Street. Construction on Parking Structure 2 began on June 1, 2010. FY2010-2011: The seismic retrofit is expected to be complete in the spring of 2011. ~3 Santa Nloniecz RedenelopmentAgency Annum Report Sumrnort; Fiscal Year2009-2010 ® Parking Structure 6. FY 2009-2010: The Downtown Parking Program (described above) calls for Parking Structures 1 and 6 to be demolished and rebuilt in the same locations with addiriohal parking spaces. In November 2009, the City Council reviewed concept massing, urban design, circulation, and cost information presented by Planning staff. Council directed staff to proceed with the design of Parking Structure 6, and did not direct staff to proceed with Parking Structure 1 at this time. FY 2010-11: After selecting Morley Construction Company, Internarional Parking Design, and Behnisch Architects as the design-build team for this project on May 11, 2010, Council issued them a Notice to Proceed with Parking Structure 6 on September 23, 2010. Staff will present conceptual design fora 714-715 space garage at Parking Structure 6 to City Council in spring of 2011, and will present schematic designs thereafter. Construction will start in spring 2012. ® FaSade Improvements to Parking Structures. FY 2009-2010: The Agency completed facade improvements to Parking Structures 1-6 in FY 2009-2010. Improvements included artist-designed vehicle and pedestrian entry features, lighting enhancements, and planter repairs. Addirionally, real-time parking availability monument signs were replaced. The project is now complete. ® Land Acquisitions. (Agency Funding Priority] FY 2009-2010: The Agency has been pursuing the acquisition of property within the area bounded by 4rh Street, Soh Court, Wilshire Blvd., and Olympic Blvd. for future public projects that may include light rail transit, public parking, affordable housing or other public supportive commercial uses. In 2009, the Agency allocated $27 million to be spent on property acquisition over the next five years, with an emphasis on facilitaring the Downtown Parking Strategic Plan goals. The Agency did not make any acquisitions in FY 2009-2010. FY 2010-2011: In November 2010, the Agency purchased a key property at 4~h Street and Arizona. The parcel is in the block described above and therefore facilitates land assemblage on a key Downtown city black. The Agency will continue to pursue land acquisition as necessary to accomplish Agency priorities Downtown. ® AMC Cinema. FY 2009-2010: Planning is underway for an AMC cinema project that will be developed at the current site of Parking Structure 3. The proposed 83,000-square-foot complex will feature 12 screens with 2,167 total seats, including afour-story IMAX auditorium with 3D capabilities. The project will also include 2,100 square feet of retail space and an interior restaurant open to non-theater-goers. This state-of-the-art project, which. AMC believes will be their flagship location, will revive Downtown Santa Monica's reputation as a movie-going destination. City staff hosted a community meeting in April 2010 to discuss the concept plans, and the community was supportive of the project as proposed by AMC Entertainment Inc. & ~~ Santa Monicu Rede~=elopntentAgeney Annuul RepartSumrnczry, Fisctzl Year2009-2010 Metropolitan Pacific Capital Inc. Construction of the project will be phased to ensure that there is sufficient replacement parking available when Parking Structure 3 is demolished. FY2010-2011: The project concept was reviewed by the Planning Commission on July 21, 2010. On August 10, 2010, the City Council reviewed the Development Agreement Concept Plan and directed staff to initiate the Development Agreement negotiations, including public benefits, parameters for site redevelopment, and design alternatives. During FY 2010-2011, the EIR analysis will begin and it is anticipated that a development agreement will be completed. D. Other Projects The Redevelopment Agency is active well beyond the Civic Center and Downtown areas of Santa Monica. The projects in this section are occurring in other areas of the City, in neighborhoods and along commercial corridors that contribute to the vitality and livability of the City as a whole. Projects in this section fulfill Implementation Plan goals of disaster prevention and mitigation, commercial revitalization, and community revitalization. ® Traffic Signal Master Plan. (Agency Funding PrioriryJ FY 2009-2010: Amulti-phased upgrade of the City's traffic signal technology will allow for centralized management of the City's 160 signals in real time to handle incidents, special events, and unique timing needs. Phase 1 and 2 were completed in previous years. During this reporting year, the Agency allocated $4.4 million to be spent on Phase 4 of the Plan as part of Agency funding priorities. In FY 2009-2010, Phase 3 design was completed and phase 4 design was underway. Staff also finalized a Memorandum of Understanding with the Los Angeles County Metropolitan Transit Authority, specifying that the City could use Metro grant funds to purchase wireless communication technology as part of the Phase 3 Transit Priority System. Additionally, traffic signal equipment-including pedestrian indication upgrades, countdown timers, and traffic signal controller test boards-was acquired. FY 2010-2011: Phase 3 construction is anticipated to be complete by spring 2011. Phase 4 design will be complete by the end of 2010 and construction will begin in 2011. Additional traffic signal equipment will be purchased, and will include video detection systems and cameras to monitor intersection traffic conditions. ® Palisades Bluff Stabilization. FY 2009-2010: After .the January 17, 1994 Northridge earthquake, various sections of the Palisades Bluffs were impacted by landslides, flows of debris and mud, and fractures. The damage was exacerbated by sloughing from the disaster level storms of 1995 and 1998. In April 2010, the Ciry completed implementation of the Palisades Bluffs Improvement project as recommended in the Geotechnical Study of the Palisades Bluffs (written in October 2004). The improvements included the installation of 82 new horizontal drains, and a demonstration of slope stabilization and surface treatment measures to determine the aesthetic impacts prior to broader implementation and debris removal. The project is now complete. 35 Santa Monica Redevelopmenc`Agency Annual ReportSutrm7ar}; Fiscal Year2009-2010 ® Memorial Park Master Plan and Expansion. [Agency Funding Priority] FY 2009-2010: In 2004, the City invested $18.5 million to purchase the 2.9-acre Fisher Lumber site at 1601 14th .Street. The site is adjacent to Memorial Park and was purchased to expand recreational opportunities, supporting community priorities related to youth, sustainability, infrastructure and recreation, and active living. Park expansion also supports the goals of the Cit;>'s Open Space Element and Parks and Recreation Master Plan. In 2009, the Redevelopment Agency prioritized $2.3 million in funding to supplement a budget appropriation of $1.9 million in FY08-09 to fund a full Memorial Park master plan. Work on this master plan has not begun because staff is working with the Expo Authority to evaluate impacts the Expo Line will have on the site. The site also has the potential to address water infrastructure needs. Consultants working for the Water Resources Division of Public Works completed initial environmental reports on a 1 million gallon water storage reservoir that may be located underneath the park. FY2010-2011: Once impacts from the Exposition Rail Line are understood, decisions regarding a master plan for Memorial Park can be made, likely in FY 2011-2012. ® Pico Branch Library. [Agency Funding Priority] FY2009-2010: An 8,300 square foot neighborhood library will be built in the Pico neighborhood at Virginia Avenue Park, on the corner Cloverfield and Pico Boulevards. The library will enhance existing park amenities, including the weekly Farmers Market, Community Center, Teen Center, and Park Center Building. Staff issued a Request for Proposals for the design of the new library in September 2009 and executed a contract with Koning Eizenberg Architecture in June 2010. An updated site survey and an geotechnical report were both started in spring of 2010. FY 2010-2011: Four community. workshops are being held in late 2010 to gather input on the new branch library. In early 2011, staff will present a concept design to the City Council and relevant boards and commissions, and a schematic design is expected to be complete by the end of FY 2010-2011. Construction is anticipated to take place in 2012 fora 2013 opening. ® 20~h Street and Cloverfield Streetscape Improvement Project. FY2009-2010: This project includes construction of various streetscape enhancements on 20rh Street and Cloverfield Boulevard between the Santa Monica Freeway (I-10) and Pico Boulevard. The City Council approved the final concept design on April 27, 2010. Staff completed the transportation system and traffic impact analysis, an independent urban design review, and a review of the selected tree species by the Urban Forest Task Force. Staff also broadened the scope of the project to incorporate new Land Use and Circulation Element (LUCE) principles relating to bicycle and pedestrian connectivity, open space and landscaping, sustainability, and the role of streets as places for social interaction and recreation. FY2010-2011: The agreement is being modified to increase the scope of work and the construction timeframe. Design should be complete by spring 2011. Construction will start in summer 2011 and will take ten months. :f6 Santu Monica RedevetoprnentAgency Annual ReportSununury; Fiscal Year2009-2020 EXHIBIT 1 Projects According to Implementation Plan Goals A. Disaster Prevention and Mitigation Downtown Parking Program [Agency Funding Priority] Parking Structure 2 Parking Structure 6 Facade Improvements to Parking Structures Land Acquisitions (Agency Funding Priority) Palisades Bluff Stabilization B. Commercial Revitalization Santa Monica Place Improvements to Parking Structures 7 & 8 2~d and 4~h Street Improvement Project Exposition Light Rail Enhancements [Agency Funding Priority] Colorado Esplanade and Station Plaza [Agency Funding Priority] Traffic Signal Master Plan [Agency Funding Priority] AMC Cinema C. Community Revitalization Palisades Garden Walk (Agency Funding Priority] Early Childhood Education Center (ECEC) [Agency Funding Priority] Freeway Capping (Agency Funding Priority] Civic Auditorium District Projects (Agency Funding Priority] Civic Auditorium Renovation (Agency Funding Priority] Shared Parking [Agency Funding Priority] Memorial Park Master Plan and Expansion [Agency Funding Priority] Pico Branch Library [Agency Funding Priority] 20~h Street and Cloverfield Streetscape Improvement Project. D. Ynstitutional Revitalization Civic Center Joint Use Project (CCJUP) [Agency Funding Priority] E. AffordableHousing[AgencyFundingPriority] New Construction and Rehabilitation of Affordable Units Line of Credit -Leveraging Set-Aside Funds Senior Homeless Prevention and Rental Assistance Programs 175 Ocean Park Boulevard ~,7 Suntu Monicu Redeveiopn~eni Agency Annual RepartSennrnur}; Fiscut YearZQ09-ZD10 Attachment t3 Mayer Hoffman and McCann P.C. Independent Auditor's Report Fiscal Year 2009-2010 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 3une 30, 2010 (With Independent Auditors' Reports Thereon} THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA, CALIFORNIA BASIC FINANCIAL STATEMENTS YEAR ENDED JUNE 34, 2414 TABLE OF CONTENTS FINANCIAL SECTION Independent Auditors' Report ........................................................................................................... 1 Management's Discussion and Analysis (Required Supplementary Information) ............................ 2 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 ............................................ 1 S Note 2-Cash and Investments ....................................................................... 21 Note 3 -Notes Receivable ............................................................................. 24 Note 4 -Capital Assets ................................................................................... 27 Note S -Other Liabilities .................:................................................................... 27 Note b -Long Term Debt ............................................:................................ 28 Note 7- Tnterfiand Transactions ................................................................................... 32 Note 8 -Subsequent Events .............................................................................:..............:.... 32 COMPLIANCE SECTION Independent Auditors' Report on Compliance and Other Matters and on Inte~mal Caritiol over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards .................:............................................................................... 33 Aa Independent CFA firm ' 2301 Dupont €]mre, Suiie 200 Irvine, CaEi~rnia 92812 949-474-2x20 pn 949-2635520fx The Board Members of The Redevelopment Agency of the City of Santa Monica, California It~113EPEIVDENT AUDTT~RS' TTEP~It'I' We have audiied the accompanying financial statements of the governmental activities and each major fund of the Redevelopment Agency of the City of Santa Monica, California (Lhe Agency),. a financial reporting component unit of the City of Santa Monica, California, as of and for the year ended June 30, 2010, which collectively comprise the Agency's basic financial statements, as listed iri the table of contents. These fmaucial statements are fire tzsponsibifity of the Agency's management Our responsibility is to express opinions an 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 financial audits contained in Government Auditing Standards, issued by tke 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 overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the iinancial statements referred to above present fairly, in all rnaterial 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, 2010 and the respective changes in financial position for the year then ended in conformity with accounting principles generally accepted in the United States of America. The information identified in the accompanying table of contents as Manage:raent's Discussion ttnd 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 measurement and presentation of the required supplementary information, Flowever, we did not audit the information and express na opimon on it. In accordance with Government Auditing ,Standards, we have also issued our report dated November 29, 2010 on our consideration of the Redevelopment Agency of the City of Santa Monica's internal control over financial reporting and an'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 an the internal control over financial reporting or an compliance. That 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 a`uldit. Irvine, Califomia December 1, 2010 REDEVELOPMENT AGENCY OF THE CITY OE SANTA MOIVICA Managements Discussion and Analysis Year Ended June 30, 2010 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 3Q 2010. 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 ifs liabilities as of June 30, 2010 {"fiscal year"} by $156.2 million. Of this amount, $81.3 million are capital assets, net of related debt, $22.2 million is restricted for use as specified by entities outside the agency, $6.3 million is restricted for the payment of debt service and $46.4 million is unrestricted for use 1n accordance with finance-related requirements reflected in the Agency's fund structure. The Agency's net assets decreased by $8.9 million during the fiscal year. At the end of the fiscal year, the Agency's governmental funds reported combined ending fund balances of $128.7 million, an increase of $8.2 miiGon from the prior year. The Agency's investment in capital assets decreased by $9.0 million. Please see further detail of capital assets on page 7. The Agency's total debt increased by $9.6 million during the current fiscal year. Please see further detail of long-tens debt on page 28. ®verview 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 ofthree components: 1 }Agency-wide financial statements 2) Fund financial statements 3) Notes to basic financial statements. Agency-Wide Financitrl Statements The agency-wide financial statements are designed to provide t•eadets with a broad overview of the Agency's finances in a manner similar to the accounting used by most private-sector business. The sta(emeni 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 oe 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 inditecY REDEVELOPMENT AGENCY OP+ TAE CITY OF SANTA MO\TICA 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. Redeveiopmeut 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 to of this report. Fund Financial Statements Fund financial statements are designed to report information about related accounts, which are groupings (funds}, used to maintain conhol 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 far essentially the same functions., reported as governmental activities• in the agency-wide financial statements. However, unlike the agency-wide financial statements, governmental fund financial statoments focus on near-term inflows and ou~ows 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 thanYhat of the agency-wide financial statements, it is usefu€ to compare the information presented for governmental funds with similar information presented for governmental activities in the agency-wide financial statements. By doing so, readers may better understand the long-term impact of the agency's near-term financing decisions, Bath 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 Fiaanciai Statements The notes provide additional information that is essential to a full understanding of the data provided in the agency-wide and fund financial statements. The notes to the basic financial statements can be found on pages I S - 32 of this report. REllEVELOPMENT AGENCY QF T]~E CITY ®F SANTA lYI{3NICA Management's Discussion and Analysis, {continued) Agency-Wide Financia9 Analysis Our agency-wide analysis focuses on the net assets and changes in net assets for tl7e 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 Capital assets, net Total assets Current and other liabilities Long-term liabilities Total liabilities Net assets Invested in capital assets, net of related debt Restricted IJnresmicted Total net assets 2010 2009 Change $ 138.2 128.6 9.6 150.7 159.7 (9.0} 288.9 288.3 0.6 45.4 41.1 4.3 87.3 82.0 5.3 132.7 123.1 9.6 81.3 84.2 (7.9) 28.5 51.6 (23.1} 46.4 24.3 22.1 . $ 156.2 165.1 {8,9} 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 $156.2 million at the close of the most recent fiscal year. By far the largest portion of the Agency's liabilities. reflects its bonded and other indebtedness, totaling $122.9 million. The Agency, operating under California Redevelopment Law, must maintain indebtedness in excess of its available revenues to legally receive property tax increment revenue. Capital assets decreased by $9.0 million primarily due to the disposal of previously const~•ucted assets that did not meet the Agency's capitalization policy, The increase in current and tong-term liabilities was due to line of credit draws partially offset by debt service payments. 4 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA NIanagemen#'s Discussime and Analysis, {continued) Governmeatat Activities Govermnental activities decreased the Agency's net assets by $7.9 million. Key elements of this decrease are as follows: Agency Changes in Net Assets -Governmental Activities (in millions) 2414 2449 Change Revenues Program revenues - Charges for services $ 0.1 0.1 0.0 General revenues Property fax increment 56. i 54.3 1.8 Investment income 1 ~ 2.9 (1.7) Miscellaneous 0.8 0.5 0.3 Total revenues 5$.2 57.8 0.4 Expensos Housing and community development 40.0 36.2 3.8 General govermental 20.9 - 20.9 Interest on long-term debt 6.2 4.3 1.9 Total expenses 67.1 40.5 26,6 Increase in net assets (8.9) 17:3. (26.2) Net assets -beginning of year 165.1 147.8 17.3 Net assets -end of year $ 156.2 165.1 (8.9) Property tax increment revenues net of pass throughs of $56.1 million are the Agency's major source of revenue. This revenue increased by $1.8 million or 3.3% from the prior year due to property tax increment revenues from an increase in assessed values. Genera] Government expenses of $20.9 million represents a mandatory payment under AB 26 4x which requires redevelopment agencies to remit to their county Supplemental Education Revenue Augmentation Fund ("SERAF") a proportionate share of $1.7 billion for fiscal year 2009-]0 and $350 million for fiscal year 2010-I1. Those payments are due May JQ, 2010 and May 10, 20I 1, respectively. The Agency estimates the payment for FY 10-11 to be $4.3 million, Investment earnings of $1.2 million were received from investments of available funds. 5 REDEV>/LOPi~'IENT AGENCY OF TAE CITY OF SANTA MONICA Management's Discussion and Analysis, (con#inued} Redevelopment activities expenses of $40.0 million shown on the statement of activities consists of: Agency Redevelopment Activities (in millions} Redevelopment and public improvement project operating costs $ 4.9 Redevelopment and poblic improvement project costs 22.9 law and moderate housing projects 10.0 Depreciation and amortization 2.2 Total redevelopment activities expenses $ 40.0 Redevelopment and poblic improvement project operating costs of $4.4 million are comprised of operating expenses such as administrative fees charged by the Countyfor 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 each project area, lease payment for the Ocean Park Boulevard Flousing Project and administrative indirect costs. Redevelopment and pttbiic improvement costs of $22.9 million represents payments of $3.7 million to the Parking Authority of the City'of Santa Monica under a sale(purchase agreement for six parking structures. See note 5. Additional expenses included $1.D million in seismic retrofit expenditures, $D.8 million for stabilization of the Palisades Bluffs, $D.5 million for artwork and write off of $11.3 million in previously recorded capital assets which did notmeet the Agency's capitalization policy. Low and moderate housing project expenditures of $10.0 million are primarily comprised of $2.7 million expended at 217 Bicknell, $1.8 million expended at 2029 20`h St, $0.7 million at 1513 Centinela, $Q6 millionat 2602 Broadway and $1.0 million at 75D Marine. Financial Analysis of the Agency's Funds As noted earlier, the Agency uses fund accounting to eusure 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 3Q, 2010, the Agency's governmental funds reported total ending fund balances of $128.7 million, which is an increase of $8.2 million from the prior year. The fund balance of $45.5 million is reserved to indicate that it is not available for new spending. It is comprised of $6.3 million for debt service and $39,2 million far notes receivable. The. fund balance of $79.4 million is designated for continuing capital projects. The remainder of the fund balance, $3.8 million, is unreseved, undesignated. REDEVELOPMENT AGENCY OE THE CITg1 OF-SANTA MONICA Management's Discussion and Analysis, (continued) The key element of the $8.2 million increase in fund balance from the prior year was proceeds fom the line of credit. Major Fantis The LowlMod housing fund balance increased by $11.9 million primarily due to property tax increment revenues and reduced housing and community expenditures. The Downtown Project fund balance decreased $0.6 million primarily due to increased property tax increment revenues being exceeded by housing and community expenditures. The Earthquake Recovery Project fund. balance decreased $4.0 mi]lion primarily due to increased pass through and SERAF payments to other agencies of $20.8 mil lion over the prior year, offset by an increase in property tax increment of $1.6 million, decreased project expenses of $11.8 million and. The Ocean Park Project fund balance increased $0.7 million due to decreased project expenditures. Capital Asset and Debt Administration Capital Assets The Agenoy's investment in capital assets for its governmental activities as of June 30, 2010 amounts to $150.7 million (net of accumulated depreciaton). This investment in capita] assets includes parking struchtres, buildings, land, and equipment. This investment is detailed below: Agency Capital Assets -Governmental Activities (in millions) 2020 2009 Land $ 104.0 103.8 Buildings, parking structures, and improvements 43.5 58.6 Improvements other than buildings 11.D 10.8 Construction in progress 1 ] .0 5.9 Subtotal 169.5 179.1 Less accumulated depreciation (18.8) (19.4) Total $ 150.7 159.7 Significant capital projects included expenditures at various lowhnoderate income housing projects. Long-Term Debt At the end of the current fiscal year, the Agency had total bonded debt of $66.7 million. The bonds are secured solely by specified revenue sources. 7 REDEVELOPMENT AGENCY OP TAE CITY OF SANTA iVIONICA Management's Discussion and Analysis, {continued) The Agency's total debt increased by $5.3 million or 6.S% during the current fiscal year. The increase was primarily due to draws on the LowlNlod fund of $8.0 million offset by scheduled debt service payments on the Ea~•thquake Recovery Project and Ocean Park Redevelopment Project outstanding obligations. 'l'ime limitations on incuiTing debt are as follows: Project area Time limitation to incur debt Ocean Park lA January 1, 2404 Ocean Park IB January 1, 2404 Downtown None Earthquake Recovery June 21, 2014 The Agency does not have an overall credit rating; however, the Agency has received bond ratings on alt of its outstanding bond issues as follows: Ocean Park Redevelopment Project Tax Aiocation Bonds, "BBB+," "Baal" and "A;' and Earthquake Recovery Redevelopment Refunding Project Tax Allocation Bonds, "AAA", "AAA" and "Aaa." Additional infonnatian on outstanding long-term liabilities may be found in note 6 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 and the reopening of Santa Monica Place; decrease in assessed value in the Barthquake Redevelopment Project area and in the Ocean Park Project area as a result of general declines in the real estate market. Reques# for Information This financial report is designed To provide a general overview of the Agency's finances for all those with an interest in the Agency's finances. Questions concerning any of the information provided in this report or request for additional financial information should be addressed to the Santa Monica Redevelopment Agency, 1717 4`" Street, Suite 250, Santa Monica, California 90401 or (310} 458-8281. Additional financial data may also be found on the City of Santa Nlonica's websitc (wwwsmgov.net). THE REDEVELOPMENT AGENCY OF THE C1TY OF uANTA MOIVICA Statement of Net Assets June 3Q 2010 Assets Cash and investments (note 2) ~ 87,850,856 Cash and investments with fiscal agents (note 2} 6,983,b01 Interest receivable 378,053 Property tax increment receivable 2,452,396 Unamortized bond issuance costs, net 1,368,709 Notes receivable (note 3) 39,21 {,151 Capital assets, not being depreciated (note 4): Land 104,029,364 Construction in prog~ess - 10,969,830 Capital assets, being depreciated net of accumulated depreciation (note 4): Buildings 33,817,998 Improvements other than buildings 1,863,303 Total assets 288,925,261 Liabilities: Accounts payable and other liabilities 3,043,340 Accrued interestpayable on bonds 1,627,077 Conh~acts retainage payable 456,824 Accrued expenses 3,041 Due to other agencies 4,653,297 Noncurrent liabilities (note 6}: Due within one year 35,705,259 Due in more than one year 87,258,989 Total Eiabilities 132,747;827 Net assets Invested in capital assets, net of related debt 81,301,461 Restricted: Low- and moderate-income housing - 22,205,781 Debt service 6,315,429 Unrestricted 46,354,763 Total not assets $ 156,177,434 See accompanying notes to basic financial statements. THE REDEVELOPMENT AGENCY OF THC CITY OF SANTA MONICA Statement ofAc[ivities Year Ended June 30, 2010 Functions/programs: Govemmentat aelivi[ies: Flouring and community development General government Iniereat on long-term debt Total govemmentnl activities General revenues: Properly tax increment hrvesimertt income Miscellaneous Total general eevennes - Change in net assets Net nssels~- beginning of year Net assets-end ofyear See accompanying noses to basic financial statements. Net (expense) revenue Program Bevenues andchanges Charges Operating Grmrfs CaPitnl 6rnnfs in act assets Expenses for Serriees And Contrihutinns antl CmotrihuHons ToGtl $ 40,04Q,568 112,252 (39,926,336} 20,883,384 - - - 020,883,384) 6,245,683 ~ (6,24i,683)~ 67,169,635 (12,252 (67,057,383) 5G_U54,446 1,209,126 835 9D5 53,099,479 (8,457,904) 165,135,338 $ 156,177,434 16 THE REDEVELOPMENT AGENCY OF TILE CITY OF SANTA MONiCA Balance Shcet-Govemmenml Funds Sune 30, 2070 Capital Projects Earlnquake Dpwntnwn Recovery Ocean Park Total Uebt Service Lpw/MOd Redevelopment Redevelopment Redevelopment governmenml Assets Redevelopment HousinK Prefect Project Project funds Cash and invemrents $ - 23,333,:uF1 2,]79,582 57,188,376 5,!49,557 87,850,856 Casfi 2nd investments with fiscal agents 6.115,429 113,985 - - 554,(87' 6,9&3,601 Interest receivable - 77,051 12,003 263,824 25,175 378,053 Property tax increment receivable - 885,484 105,583 1,417,364 43,965 ?,453,196 Notes receivable - 34,175,756 1,923,000 .716,669 2,395,726 39,211,151 Total assets S 6,315,429 ~ 58,585;617 4,220,168 59,SSfi 233 8,168,610 736,876,057 Liabilities nntl Fund Balances Liabilities: ' Accounts payable and accrued liabilities $ - 1,241,545 127.,773 1,555,903 123,119 3,043,340 Conuacis retainage payable - - 22,994 433,830 - ~ 456,824 Accrued liabilities - - _ 3 041 - 3,041 Due to other agencies ~- ~ - 4,653,297 4,653,297 Total liabilities ~1 ?41,545 145,767 6,646,071 123,119 8,156,502 Fund balances: Reserved for deM service 6,315,429 - - - - 6,315,429 Reserved fornotes rreivable - 34.175,756 1.923,000 716,664 2,345,726 39,211,!51 Reserved Cqr other assets - 962,535 117,586 1,681,188 69,]40 2,839449 Designated for continuing capital projects - 2?,295,781 1,320,398 50,542,305 5,338,697 79,407,181 Unreserved, undesignated-capital projects funds 713,417 241,928 955,345 Total fuM Valances 6,315,429 57,344,072 4,074,401 52,940,162 8,045,441 125,719,555 Total liabilities and fund balances S 6,315,429 58,585,617 4,220 Iy 68 59,586233 8,168,610 136,876,057 See acwmpanymg notes to bazic financial statements. THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONiCA Reconciliation of theBalance Sheet of Governmental Funds to the Statement ofNet Assets Jurre 3Q 2010 Total fund balances-governmental funds $ 128,734,555 Amounts reported for governmental activities irr the statement of net assets are different because: Capital assets used in governmental activities that are not spendabEc current financial resources and, therefore, are not reported in the balance sheet of governmental funds. - - 169,457,709 Accumulated depreciation _ (18,777,214}, Bond issuance vests are expended in governmental ftmds whey paid and are capitalized and amortized over the life of the corresponding bonds for purposes of the statement of net assets. Deferred charges net of accrunulated amortization 1,368,709 Long-term liabiiiiies are not due and payable in the current period and ihereforq are not reported in the balance sheet of governmental funds: _ 'fax allocation bonds, net ~ $ (66,727,384) Advances from the Cily of Santa Monica {32,765,259) (99,492,643) Line ofcredR liabilities are not due and payable in the current period ard, therefore, ue: not reported tin the balance sheet ofgovernmental funds. (23,471,605) Interest payable on long-term debt does not require the use of current financial resources and, therfore, interest payable is not accrued as a liability in the balance sheet ofgovcrnmenial funds. ~ (1,627,077) Net assets of governmental activities $ 156,177,434 See accompanying notes to basic financial statements. - 12 TIME REDS\BLOPMENT AGENCY OF THE CITY OE SANTA MONICA Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds Yeaz Ended JUne 30, 2010 Capital Protects ' Earthquake Project DOwnNWn Recovery Ocean Park 'Cool ' Dcht Service LowMOd Redevelopment Redevelopmeot Redevelopment governmental edev~ etnPment H9usinQ Project Protect Project funds Revenues: Propcrrytax incrernent $ - 74,703,347 982,650 54,614,858 3 ?23 882 73 326 T7 Investment income 97.305 340,944 45,404 621 524 , , 103 844 , , 1 209 126 Ranta(income Other , 112 231 , - - , , 11 251 - - ?88,901 73,497 438,830 _ 34,677 835,905 Toral revenues 97,305 15,335,192 t,I01,356 V35,787563 3,362,403 73,fiS4,019 Expenditures: Current Housing and communiry development -~ 9,969,180 1,652,346 !7,819,793 4305.194 30 746 513 Passthrough payments S£RAF paymeot 17,472,286 - , , 17,472,286 Debi service: - - ?0883,384 - 20,8$3,384 Principal Interest and others charges 2,800,000 3,324,305 - 248,484 - 365,244 2229.567 ]50,785 2,800,000 6,31$,385 Toml expenditures 6,124,305 10,217,664 2,017,540 58.405,030 1,455,979 78,220,568 Excess (deficiency)ofrevenues over (6,027,000) 1.117,528 (976,034) (2,617,467) 1,906 424 (2 536 549) (undcr)expenditures , , , Other financing sources (uses): Proceeds of advances Tra~>sfers in (note 7) - ' 365244 ? 229,567 150,785 2,745,596 Transfers out (note 7) 6,096,343 - - (1,151,490) - (3,609,952) (1 335 401) 6,096,843 (6 096 843) Proceeds from line afcredit draws _ 7,986,281 - , , , , 7,986,281 Total other financing sources (uses) 6,096,843 6,834,791 365,244 (7,380,385) (1,t 84,616) 10,731,877 Net change in fund balances - 69,543 16,952,319 (550,79Q) (3,997.852) 721,808 8,195,328 Fund balance: Eegnning of year 6,245,586 45,391,753 4,fi23,791 56,93%,014 7,323,683 120,524,227 End of year $ 6,315,429 57,344,072 4,074,401 ___ 52,940,162 a 8,045,491 125,719,533 See accompanying notes to basic financial statements. THF. REbEVELOPbIENT AGF,NCY OF 7'HE CITY OF SANTA MONtCA Reconciliation of the Statement oPRevenues, Hxpenditures, and ChanSes in Pund B¢lance to the Statement of Activities Year Ended June 30, 2010 Net change in fund balance - governmen;nl funds $ 8.19i.32ft Amounts reported for govemmemal activities in the statmncm of acEivilies are di Fferenl because: Govemmental funds report capital outlays as expendilures.llewever, in the satement , n€activitics the cost ol'these assets are aYlwaled over their estimated useful lives and reported as depreciation expeme. "1'he components ofcapital outlay related casts not reported is the sfinement of activities far [he current period are as follows: Costs capitalized elated to accumulated redevelopment project oasts $ 7,004,400 loss on disposal of assets (13,405,226) Dcprecialion expense (2,126,744) (9,022,570) Bond issuance costs are expended in governmental funds when pai4 hoxmva, aro capitalized and amnrtizrd ova the Ii Fe of the wrtespording debt for the purposes ofthe statement ufactivities. Current yearamortization. (90,026) Repayment ofIong-term debt principal is reported as an expenditure in governmental funds and, Ihus, has the effecroFreducing fund balance because current financial msnumes have been used. However, the principal PaYmenls educe the liabilities rn the statement of net assets and da not result in an expense in the statement of activities. The Agenc>'s long-term debt was reduced because principal payments were made to bondholders: Tax allocation bonds 2,800,000 Dmws• un the Tine ofcredit are mpotled as other sources in the govemmemal funds. however Ibe draws increase Iiahilifies in the statement of net assets and do not result in revenue in the statement of acliv(lies (7,98G,281) Advances and repayment of advances are reported as a revenues and expenditures in govemmemal funds and, thus, has the effect of reducing fund balance because current financial resources have been used Howeveq advances and repayment of advances increase/reduce the liabilities in the statement of netsssets and do ant' result in income/expense in the statement ofnetivities. The Agency's advances were irmmased/reduced because ofthe net adv¢nces/payments made to the note holder: Advartees from the City of Santa Monica (2,745,596) Accrued interest expense on Iong-term debt 7s reported in the smlement afactivities but does not require the use of current financial resources. Amortization ofband premiums, discounts and deferzed amounts on refunding are expensed as a component afintcrest expense on the statement of activities. This amount represents the net accrued interest ezpense and the amortization ofband premiums, discounts and deferzed amounk nn refunding nut reported in governmental funds, Decrease in accmed inte7esl expense 70.155 Amortization of bond premium/discount 2,546 Amortization of deferred amouns apart rc(unding (181,460) (103,754) Change in net assets of governmental aclivi(ics $ (8,457,904) See accompanying notes lu basic Lnencial statements. 19 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to ffiasic Financial Statements Year Ended June 30, 2010 (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 oonfor-mity with accounting principles generally aeeepted in the. United States of America (GAAF) as applicable to governmental units. The governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and ftnaneiai reporting principles- The more significant accounting principles of the Agency are described below: {a) General T'he 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 Califomia Health and Safety Code. The Agency has the broad authority to acquire, rehabilitate, develop, administer, and sell or tease property in a "Redevelopment Project Area". The Agency generally finances redevelopment projects through the issuance of tax allocation bands. These bonds are payable from the incremental portion of property taxes collected within a project area relating to an increase in assessed valuation resulting from redevelopment. The County of Los Angeles ("the County") collects these incremental tax revenues on behalf of the Agency. The Agency has tour project areas: the Downtown Redevelopment Project Area, the Earthquake Recovery Redevelopment Project Area and the Ocean Park Redevelopment Project Areas 1 A and 1 B. Downtown Redevelopment Project The City Council adopted the Redevelopment Plan for the Downtown Redevelopment Project on January 13, 1976. The Downto~nm Redevelopment Project encompasses 9.4 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"d Street to the west. The project consists of Santa Monica Place, a large retail center that is owned and operated by the Macerich Company. The project also includes two Agency-owned parking structures that provide 1,343 parking spaces: Santa Monica Place underwent a substantial remodel that began in 2008, and the center re-opened in August 2010. The Agency made significant improvements to Parking Structures 7 & 8, which re-opened in conjunction with the mall in the summer of 2010. Improvements included renovating the facades, converting the structures to full-day attendant parking, installing parking controls, and other related capital improvements. Earthquake Recovery Redevelopment Project 'rhe City. Council adopted the Redevelopment Plan for the Earthquake Recovery Project on June 21, ] 994. The project is 2.9 square miles bounded to the east by Cloverfield Boulevard and 26°i Street, to the west by Pacific Coasi Highway/Beach Promenade, to the south I5 1tE1DEVELOPIVIENT AGENCY OF THE c1TY or SANTA Ivlorraca Notes to Basic Financial S#atements Year Ended June 30, 2010 generally by Pico Boulevard, and to the earth 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 date the Earthquake Recovery Project has funded disaster prevention and mitigation, commercial revitalization, community revitalization vad institutional projects. Ocean Park Redevelopment Project Areas The Ocean Park Redevelopment Project areas are Oceari Park Redevelopment Project lA and Ocean Park Redevelopment Project Area 1 B. The City Council adopted the Redevelopment Plan for the Ocean Park Redevelopment R-oject 1 A on June 3D, 1960. The Redevelopment Plan was amended on November 14, 1967, primarily to change the permitted ]and 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 I B 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 iwo 4vas_ completed in 1487. 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 Ocean Fark Redevelopment Project Areal$ on January 24, 1961, with subsequent amendments on January 26, 1965, July 13, 1971, and again on September 12, 1972, which were implemented in order to change the permitted land uses within the project area. The project area consists of 8 acres bounded by Ocean Park Redevelopment project IA to the north, Nielson Way to the east, the City limit to the south and both the State beach parking lots and the beach itself to the west.-The project was completed in 1983. Currently the project has two senior citizen residential apartment complexes, Nielson Villas and Barnard Park Villas, which contain 100 and 61 rental units respectively. A former utility building within the project was adapted to offices and oat storage for the Eli Broad Tivst Art Foundation. Project Area Time Limits For the Ocean Park Redevelopment project areas, agency indebtedness must have been incurred by Januay 1, 2004. Additionally, plan activities for the project area are to cease by .Tanuary 1, 2012. The time 1tmit for receiving properly 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 vvas eliminated by ordinance on January 13, 2004. Plan activities for the ptaject area are to pease by January 13, 2019 and the time limit for receiving property tax increment and paying off debt for the project area is January 13, 2029. For the Earthquake Recovery Plan Project Area, indebtedness must be incurred by June 21, 2D14. 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 REllEVELOPIVIENT AGENCY OF T$E CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2010 Local funds are provided principally from property tax increment and rentals for parking facilities. (6) Xeportiug 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 Comrcil. Consequently, the Agency's financial statements are blended in the City's basic financial statements. (e} Busts ofAceounting and Mensurernent Facus The basic financial statements of the Agency are composed of the following; o Agency-wide financial statements ® Fund financial statements Notes to basic financial statements Aeencv-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 liability is incun•ed, 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-teen 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. 1n the Agency-wide financial statements, net assets are classified in the following categories: Invested in Capital 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 m improvement of these assets reduce this category. Restricted Net Assets: This category presents external restrictions imposed by creditors, grantors, conhibutions or laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation. 17 ItEDEVEL®PMENT AGENCY flF T1IE CITY pF SANTA MONICA Notes to Basic Financial Statements Year Ended Sune 30, 2010 Unresh•icted Net Assets: Represents the net assets of the Agency, not restricted For any projector other purpose. Fund Financial Statements The accounting system of the Agency is organized and operated ott the basis of separate funds. The opomtions of-each fund are accounted for with a separate set of self-balancing . accounts that comprise its assets, liabilities, fund equity, revenues, and expendihnes. Fund financial statements are reported using the cun•ent financial resources measurement focus and the modified accrual basis of accounting. The modified acernal basis of accounting is defined as the basis of accounting under which expenditures, other than accreted interest on long-term debt, are retarded 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 porlions of long-teen 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 cmrent assets. (tl) Major Fttnrls The Agency considers all of its fimds as major governmental funds. They are: The Capital Projects Funds are as follows: LowlMod Housing, Downtown Redevelopment, Earthquake Recovery Redevelopment and Ocean Park Project Areas. The Capital Projects Funds are used to account fa• 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) Iisvestments Investments are stated at fair value and generally consist of federal government-backed secm-ities. 18 REDEYELOPI4TENT AGENCY OF THE CITY OF SANTA 14TONTCA Notes to Basic Financia3 Statements Yeas• Ended Sune 30, 2010 In order to maximize investment return, the Agency pools its available cash except for cash required to be held by outside .fiscal agents under the provisions of bond indentures. All investment decisions are made by the City Director of Finance based on the Agency's investment policy or controlling band 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 fiord 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 bid asked 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 repotted. 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. (~ Loug-Term Liabilities In the Agency-wide fnancial statements, long-term debt and other long-term liabilities are reported as liabilities in the statement ofnet assets. In the fund financial statements, governmental fiord types recognize bond premiums and discounts, as well as bond issuance costs, during the period in which the bonds are issued. The face amount of debt issued is reported as other financing sources. Premiums received an debt issuance are reported as other financing sources while discounts on debf issuance are reported as other financing uses. Issuance costs, whether m~ not withheld from the actual debt proceeds received, are reported as debt service expenditures. (g) Property Tirx Pncrement Revenues Propei2y tax increment is considered as .project revenue by the Agency when it becomes both measurable and available for financing the Agency's redevelopment activities drrriag the year. Property tax increment is considered available if received within 60 days following year-end in accordance with generally accepted accounting principles. 19 REDEVELOPMENT AGE~tiCY OF THE CITY OF SANTA IVIOIVICA Notes to Basic Financial Statements Year Ended Snne 30, 2010 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 properly tax base year is determined to be the year prior to the establishment of a redevelopment project area. {h) Low mxd,l'loderate Income Housing Under requirements of the State of California Heahh and Safety Code, the Agency is required to set aside 20°fo of property tax increment revenues for use in housing projects 6enetiting low- and moderate-income househo3ds. At June 30, 2010, the net cumulative unspent low- and moderate-income housing set aside funds have been obligated 6y the Agency and are included in the Low and Moderate Income Capital Projects Fund far 20% set aside. (i) Use of Estimates The preparation of fmancial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions [hat affect the reported amounts ofassets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of 6hanges.in net assets during the reporting period'. Actual results could diFfer From those estimates. {}) Capital Assets Capital assets are recorded at cost where historical records are available and at an estimated historical cost where no historical records exist. Contributed capital assets are valued at their estimated fair marke# value at the date of the contribution. Generally, capital asset are defined by the Agency as assets with an initial cost in excess of $50,040 and an estimated life in excess of five years and buildings, parking struchu~es and improvements other than buildings with an initial cost in excess of $100,000 and an estimated useful life of twenty years or more. Capital assets of the Agency are depreciated using the straight-1 ine method over the following estimated useful lives: Assets Years Building, puking structures and in Improvements atherthan buildings Machinery and equipment 20 to 50 20 to 30 20 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended 3une 30, 2610 (2) Cash and Investments Cash and investments as of June 30, 2010 are classified in the accompanying financial statements . as follows: Statement of Net Assets: Cash and investments $ 87,850,856 Cash and investments with fiscal agent 6,983,601 Total cash and investments $ 94,834,457 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 uivestmenf 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 hwestment 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 accompa~rying 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 wncerning the City's pooled cash and investments, including interest rate risk, credit risk, and concentration of orediY is addressed in the City's Comprehensive Annual Financial Reports for the year ended June 30, 2010. Investments Authorized by Debt Agreements Investment of debt proceeds held by bond trustees are governed by provisions of the debt agreements, rather than the general provisions of the California Government Cade 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 provisians of these debt agreements that address interest rate »sk and concentration of credit risk. 21 REDEVELOPMENT' AGENCY OF THE CITY OE SANTA MONICA Notes to Basic Financial Statements Year Ended June 3@, 2@10 Maximum Maximum Authorized Maximum Percentage Investment Investment Type Maturity Allowed in One Issuer U.S Treasury Obligations None None None Federal Housing Administration Debentures None None None U. S. Agency Securities Nane None None Time Deposits None None ~ None Unsecured Certificates of Deposit i 80 days None None Banker's Acceptances - 180 days None None Slate Obligations -None None None Repurchase Agreements 1 year None None Pre-refunded Municipal Obligations None None None Commercial Paper 270 days None None Money Market Mutual Funds None None Nona Investment Contracts 30 years None None Disclosures Relating to interest Rafe Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value bf an investment. Generally, the Longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the Agency manages its exposure to interest rate risk is by timing cash flows From maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations. Information about the Agency's exposure to interest rate risk as a result of its equity in the cash and investment pool of the City provided by disclosures in the notes to the basic financial statements of the City that shows the distribution of the City's investments by maturity. Information abaut the sensitivity of the fair values of the Agency's investments held by bond trustee to 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: Remaining Maturity (in Months) 12 Months 13 to 24 Investment Type or less Months City Investment Pool $ 87,850,856 Held by bond trustee: Money market funds 5,235,249 - - U.S.agencysecurities 1,748,352 - Total $ 94,834,457 - 25-60 More than Months 60 Months 22 REDEVELOPMENT AGENCY OF 'I'IIE CITY OF SANTA MONICA Notes to Basic 1'}nancial Statements Year Ended June 34, 2410 Disclosnros 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 yearend for each investment Type. Minimum legal Im~es[mcnt Type 'rota) Rating AAA City investment pool ~ 87 854556 N/A 87.850,856 Held by bond trustee: . Money market funds 5,235,249 AA 5 235,249 U.S. agency securities 1,748,352 N/A 1.748,352 To[al 3 94,834,457 94,834,457 Concentration of Credit Risle No investments in any one issuer (other than U.S. Treasury securities, mutual funds, and investment pools) represents 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.). Custodial Credit Risk The Agency does not have significant separate certificates of deposit or demand accounts held by bond trustee that are snbject to disclosable custodial credit risk (as defined by GASB Statement No. 40}. For the investments held by bond trustee, the band tnistee 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 (3) Notes Receivable t2edeyelopment Activities Community Corporation of Santa Monica (a} Community Corporation of Santa Monica (b) Step Upon Fifrh L.P. (c) Law income senior housing (d) Community Corporation of Santa Monica (e) Santa Monica Housing Partners, Ltd. (f} Community Corporation of Santa Monica (g} Community Corporation of Santa Monica (h) Community Corporation of Santa Monica (i) pAME Santa Senior Apts (j) Total notes receivable Notes to Basic Financial Statements Year Ended Jnne 30, 2010 Balance at Balance at June 30, 2009 tucreases Decreases June 30, 2010 $ 2,900,OD0 - - - 2,900,000 5,408,033 - - 5,408,033 5,870,000 - - 5,870,000 46,250 - - 46,250 4,234,507 - - 4,234,507 5,122,218 85,096 - .5,207,314 5,226,343 448,246 - 5,674,589 2,044.914 179,922 - 2,224,836 3,665,855 413,457 4,079,312 3,f2Q,000 446,3E4 - 3,566,310 $ 37,638,[20 1,573,031 - 39,21[,151 a: A promissory note dated January 28, 2003, in the amount of $1,382,619 was executed with Community Corporation of Santa Monica for an Affordable Housing Project located at 1512 Fifteenth Street. This loan was for the acquisition of Imrd 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, 200 the note was superseded and replacedby 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 ce~cate of occupancy, and changed the interest rate to 3°/0. At June 30, 2010, $2,900,000 had been disbursed to the borrower. b. A promissory note dated March I8, 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 (mown as ]349 26°i Su•eet. "Phis loan is for the acquisition oi' land and. predevelopment expenses fora 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 24 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Sta#ements Year Ended Jnne 30, 2010 the project is placed into service per Interne( Revenue Sewice Form 8609 or the issuance of a certificate of occupancy, and changed the interest rate to 3%. At June 30, 2010, $4,458,033 had been disbursed to the borrower. A note dated June 12, 2007, was executed in the amount of $95Q,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 3Q, 20i0, $950,000 had been disbursed to the borrower. `the Earthquake Recovery Redevelopment Project, the Downtown Redevelopment R~oject and the Ocean Park Redevelopment Project provided $1,621,500, $903,405 and $2,883,128 respectively. c. 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 SG•eet. This loan is for the acquisition and predevelopment expenses of a surface pa~~king 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 a hvo-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, 2010, $5,870,000 had been disbursed to the borrower. d. The Redevelopment Housing Trust Fund, formerly Inrown as "CHARP" provides fiords to eligible borrowers in the form of deferred paymeut loans to make up the financial gap beriveen available non-program resources, including the borrower's equity and private financing, and the limited equity cooperatives. At June 30, 2010, )oars tota}ing $46,250 are Ontstanding. e. 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 acid 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 firm the later of the date the project is placed into service per Internal Revenue Service Foim 8609 or the issuance of a certificTte of occupancy, and changed the interest rate to 3%. At June 30, 2010, $4,234,507 had been disbursed to the borrower. A promissory note dated February 13, 2007, in the amount of $3,120,000, vvas executed with Santa Monica Housing Partners for an Affordable Housing Project located at 1458 14°i 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 defen•al period. At June 30, 2010, $5,207,314 had been disbw•sed to the borrower. 25 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Yeae• Ended June 30, ZO10 g. A promissory note dated December 23, 2008, in the amount of $b,582,323, was executed wi{h 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 atwo-year deferral period. AL June 30, 2010, $5,674,589 had been disbursed to the borrower. " h. A promissory note dated January l2, 2004, in the amount of $3,720,204, was executed with Community Cmrporation of Santa Monica for an Affordable Housing Froject located at 430- 508 Pico. This loan is for the acquisition and predevelopment expenses to construck 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 30, 2010, $2,224,836 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 Froject 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 anon- interest bearing loan and is due and payable after a twa-year deferral period. At June 30, 2010, $4,079,312 had been disbursed to the borrower. j, A promissory note dated January 16, 2009, in the amount of $4,424,711, was executed tivith FAME Santa Monica Senior Apartments, LF 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, 2010, $3,566;309 had been disbursed to the borrower. 26 REDEYELOP1bIENTA6ENCY OF THE CTTY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, ZO10 (4) Capital Assets A summary of changes in the Agency's capital assets for the fiscal year ended June 30, 2010, is as fol Lows: Nondepreciahle: Land Consuvction in progress Depreciable: Building, parting structures, and improvements Improvements other than buildings Machinery and equipment Total historical cost Accumulated depreciation: Building, parking structures, and Beginning Balance ]Increases $ 103,790,524 238,840 5,910,666 6,b42,424 58,565,O1S - 10,841,446 128,136 - 104,D29,364 (1,583,260) 10,969,830 {15,082,388) 43,482,630 - 10,969,582 6,303 ~ - - 6,303 179,173,957 7,009,400 (f6,665,648) 169,457,704 improvements (iQ,444,596) (1,980,458) 2,760,422 (9,664,632) Improvements other than buildings (8,959,493) (I46,286) - (9,1.06,279) Machinery and equipment {6,303} - - (6,303} Total accumulated depreciation (19,410,892) {2,126,744) 2,760,422 {18,777,214) Total $ 159,703,065 4,882,656 (13,905,226) - i5Q,b8Q49i Depreciation expense in the amount of $2,126,744 was charged to the Housing and Community Development function in the Statement of Activities. (5) Other Liabilities During the fiscal year ended June 30, 2003, the Redevelopment Agency and the Parking Authority entered into apurchase/sales agreement for the purchaselsale of six downtown parkingshvetures with related land for $60.0 million. The related promissory note, secured by a deed of trust, calls for annual principal payments of $2.fl millian for 30 years with interest. The promissory note was revised in December 2004 creating two fully amortized notes with a principal of $38,930,000 and $21,070,000. These parking structures with related land, built generally in the late 1960's, were carried on the books of the Parking Authority at historical cost less related depreciation. At the time of sale, the book value of the six structures and land was $2,458,0 ] 6. 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 transaotion is beriveen two blended component units of the City of Santa Monica. Endang Decreases Balauce 27 REDEVELOPMENT AGENCY OP THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended June 30, 2010 As related parties, no gain on the sale vvas recorded. Once the Redevelopment Agency's payments exceed the book value of the assets transferred, all future promissory note payments will he considered recorded as inferfund transfers on the financial statements of tha two component units. At Tune 3Q, 2010, $48.2 million plus interest remained due under the agreement. Also as pact of the agreement, an additional $60.0 million has been committed by the Agency to make seismic repairs to the parking structures. (6) 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 line of credit of $23,471,605 for the year ended June 3Q, 2010 is as follows: Bonds Payable Beginning balance $ Debt retired Total bonds payable Premium on bond issue, net Discount of bond issue, net Deferred loss on refmding, net Ending balance Due within one year Bonds Payable Eartkquake Ocean Park Rewveay Redevelop- _ Project mentProject .Bonds Bonds Total 59,350,000 13,SS0,000 72,900,000 (1,7os,DOO} (l,a9s,ooo} (zsoo,ooo) 57,645,DOD 12,455,000 70,100,000 23,297 22,425 45,722 {1S3,S83) - (153,583} (3,14Q,256) (124,449) (3,264,755) 54,374,458 12,352,926 66,727,384 1,795,000 I,I45,000 2,940,000 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 and to provide funds for new lowhnoderate income projects.- Secured by Ocean Fark Redevelopment property tax increment revenues which totaled $4,024,852 or 234% of FY 09-IO debt service. On April 27, 2006, the City issued $64,720,000 of Earthquake Redevelopment Project refunding bonds. bearing interest from 4.0% to 5.5% to advance refund the outstanding 1994 Earthquake Redevelopment Project. Secured by Earthquake Recovery Redevelopment Froject property tax increment revenues which totaled $68,268,572 or 1,550% of FY 09-10 debt service. 28 REDEVELOPiVIENT AGENCY OF TTIE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Ended Sune 30, 2010 Debt service requirements for the Agency's bonds at June 30, 2010 are as follows: Earthquake Recovery Project Bonds Principal Interest 'Total Fiscal year ending Tune 30: 2011 2012 2013 2014 2015 2016 - 2D20 2021 - 2025 2026-2030 Total 1,795,000 1,900,000 z,oos,ooD 2,115,000 2,225,000 ] 2,6 I Q000 15,575,000 19,420,000 $ 57,645,000 2,b01,431 2,499,819 2,392,431 2,279,945 2,178,194 9,374,899 6,322,903 2,368,181 30,017,853 4,396,431 4,394,819 4,397,431 4,394,995 4,403,194 21,984,899 21,897,903 21,788,181 87,662,853 Fiscal year ending Tune 30: za11 2oi2 2013 2014 2015 2016 - 2014 'Cotal Oeean Park Project Bonds Principal Interest 1,145,000 1,195,000 1,250,004 1,310,000 1,370,000 6,185,006 $ ,12,455,000 578,170 52s,49s 468,635 407,820 342,815 637,375 2,460,310 Total 1,723,170 1,720,495 1,718,635 1,717,aza 1,712,815 6,822,375 15,415,310 29 REDEVELOrN1ENa AeENCY of T~ c1TY aF ,SANTA rvloNlcA Notes to 73asic Financial S#atements Year Ended Jnne 34, 2410 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 sufl5cient futtu•e unpledged property tax increment is available toa-edeem them. The notes consist of the following at June 30, 2010: Balance at Principal Advance payable to June 30, 2DD4 flddition Downtown Redevelopment Project Capital Froject Fund: City of Santa Monica General Fund $ 1,557,358 35,664 City of Santa Monica General Fund 18,412,347 329,581 19,969,705 361,245 Earthquake Recovery Redevelopment Project Capital Project Fund; City of Santa Monica Miscellaneous Grants Fund City of Santa Monica CDBG Special Revenue-Fund. Ocean Park Redevelopment Project Capital Project fund: City ofSanta Monica CDBG Special Revenue Fttnd ~. Ciry of Santa Monica CDBG Special Revenue Fund Total advances payable to the City of Santa Monica Line of'Credit 3,118,900 2,006,606 Principal Balance at redaction June 30, 2D70 I,S93,D22 18,741,928 20,334,950 5,125,506 346,552 ~ 222,961 - - 5b9.513 3,465,452 2.229,567 - S,b9S,019 5,849,929 t33,963 5,983,892 734,577 16,821 - 751,398 6,584,505 ISQ,784 - 6,735,290 $ 30,019,662 2,745,596 ~ - 32,765,254 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 fine 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 th'e Earthquake Recovery Redevelopment Project Law/Mod housing fund which tota€ed $13,653,714. T'he line of credit subordinates to the bonded indebtedness of the fund 30 REI?EVEL(3PNIENT AGENCY ®F THE CITY OF SANTA MONICA Notes to Baste Financial Statements Year Ended June 30, 2414 As of June 3Q, 201Q $23,471,605 had been drawn on the line which is due on June 1, 2013 and has been included in noncurrent liabilities due in more than one year. Interest an the line was $248,484 which has.been reported as interest expense. The above bonds, notes, 6ne 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. ibfanagement believes that the Agency is in compliance with all significant financial restrictions and requirements as set forth in its various bond and line of oredit covenants. The Agency has a number of debt issues that involve the pledging of revenues. The amounts and terms of the remainder of these commitments and the purposes for which the proceeds of the debt issuances are utilized are indicated in the summary of long-term bonds outstanding at year end presented in this note. For the current year, debt service payments as a percentage of the pledged gross revenue (net of certain expenses where so specified in debt covenants) are indicated in the table below. These percentages also approxhnate the relationship of debt service to pledged revenue for the remainder of the term of the commitment. Dcbt Service Annual as a amount of Annual debt percentage of pledged- service pledged Description of pledged revenueJdebt revenue _ payments revenues Tax Increment Ocean Park Redevelopment 2002 3,953,132 1,725,998 44% @arthquake Recovery Project 2006 65,674,456 4,403,981 7% Line of credit 13,250,221 - - Totaltaxincrerr~nt 82,877,809 6,129,979 31 REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA Notes to Basic Financial Statements Year Envied June 30, 2010 (7) Interfund Transactions Transfers in (out) from other funds at June 30, 2010 are as follows: Transfers in for debt service payments Debt service fund Transfers out for debt service paymerns Low/Moderate Income Housing Fund Earthquake Recovery Redevelopment Project Ocean Park Redevelopment Project (S) Subsequent events $ 6,096,843 $ (1,151,490) (3,b04,952) (1,335,401) $ (6,096,843) On September 1, 2010 the Agency entered into a Master Cooperation Agreement with the City of Santa Monica to commit $5.7 billion to the conshuction of various projects in support of the Agency's Five-Year Implementation Plan goals of affordable housing, disaster prevention and mitigation, community revitalization, commercial revitalization and institutional revitalization, all in accordance with Section 33445 of the California Redevelopment Community 1.,aw. The obligation constitutes indebtedness of the Agency. 32 ¢~*i'9R~.~~`~ ~~i 536~a3e it~St',r"~C.-~i'3r'~.w 'k~--r~d= An lndegenden4 CPR Firm 2301 Dupont Drive, Suite 200 - Irvine. Caiifo:nla 92612 949-4.?4-2020 ph 949-263-5520 fx - wwuamnm-nacom Board ofDireotors Redevelopment Agency of the City of Santa Monica, Califarnia We haue audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the Redevelopment Agency of the City of Santa Monica, {Agency}, as of and £oz the year ended June 30, 201Q, which colIecfively comprise the Agency's basic financial statements and have issued our report thereon dated Beeember 1, 2010. We conducted our audit in accordance witia auditing standards generaIly accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General oftbe United States of America. Compliance and Other iRatters . As part of obtaining reasonable assurance about whether the Agency's ftnaucial statements are free of material misstatements, we performed tests of its compliance with certain provisions of Iaws, 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 Califontia Redevelopment. Agencies, issued by the State Controller and as interpreted in the Suggested Auditing. Procedures for Accomplishing Compti¢nce.4udits-of Catiforni¢ Redevelopment Agenctes, issued by the Governmental Accounting and Auditing Committee of the California Society of Certified Public Accountants. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do net express such an opinion. The results of our tests disclosed no instances o£ aancomplianee or other matters that are required to be reported under Government Aud€ting Saandards. Internal Centro[ Over Financial Benorting 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 fire financial statements, but not to for the purpose of expressing an opinion on the effectiveness of the Agency's internal control aver financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Agency's internal control over financial reporting. 33 Board of Directors Redevelapment Agency of the City of Santa Monica, California Page 2 A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal oourse of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. Our consideration of the internal control over financial reporting was for the &mited purpose described in the first paragraph of this section and would not necessarily identify all the deficiezzciesin the internal control that might be deficiencies, significant deficiencies or material weaknesses: We did not identify any def ciencies in internal control aver financial reporting that we consider to be material weaknesses, as defined above. TIus 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 December 1, 2014 34 Attachment C State Auditor Controller's Report of Financial Transactions Fiscal Year 2009-2010 REEVELG~IVIENI° AGENTS EiNANCIA~ T NSACi'i®NS REDR~ COVER PAGE Erltlty NBCTIe: Redevelopment Agency of The City of Santa Monica Fiscal Year 2f?1Q ID Number: 13981984500 Subm4tfed by: Signature Executive Director Title Rod Gould Name (Please Print) - Date Per Health and Safety Code section 33080, this repot! is due within sa months after the end of the fiscal year. The report is W include ivro (2) espies oftYre agency's component unit audited fnancial statements, and the report on ffie Status and Use of fhe Low and Moderate Income Housing Fund (HCC report}. To meet the filing requirements, al[ portions must be received by the California State Controller's CHice. 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 page and mail to either address bebw with 2 audits and the HCD report - To file a paper report: 1. Complete all forms asnecessary. - 2. Sign this cover page, and mail complete report fo 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: State Controller's Office Division of Accounting and Reporting Loco! Government Reporting Section P. O. Box 942850 Sacramento, CA 94250 Express Mailing Address: State Controller's Office Division of Accounting and Reporting t,ocal Government Reporting Section 3301 C Street, Suite 750 Sacramento, CA 95816 R. edevelopment Agerigy Df The'City.Of Santa iVlanca Redevelopment Agencies ,Financial Transactions Report -. General Information Fiscal Year 2010 ~Mem bens of the Governing 8otly Middle Last Name First Name Initial ;Chairperson Shriver Bobby Member ~O Day _ i Terry ~ - - -- I Member Davis -- ~- ' Gleam ~ ~ -- Member IO Connor i Pam ', Member Bloom _ ~ Rwhard _J i Member .McKeown ~ Kevin Member Holbrook Robert ]. 'I I Member i _ c I _ 1~Member _ i 1 ! _~ _ i Member - - _ ~.._.._ - ~`- Mailing Address Street 1 p,p, Box 2200 __ . ._ .___ .. __ II { Street 2 I City (Santa Monica State j ~._....... ~..._. CA Zip 90401-2200 j .... ....._ ....__.........__._- Phone ,(310 458 2232 ^ Is Address Changed? Last Name :ive Direcfor Gould Officer Swindell ~~-~ __ __I ary Stewart Pirm Name Report Prepared By First Name Middle phone Initial -- - IROd ~ ~ 1(310)45$-8301 _ Carol O '1(310) 456-82$1 I Maria ~ : ~ 1(310) 456-8211 i Independent Auditor Mayer Hoffman antl McCann ', Dobrenen ICI Steven ~ i iM 12301 Dupont Drive, Suite 200 Irvine IiCA-.) 192614- - ~,, x(949) 474-2020 Las4 Chow First Randy ~~ Middle InItfal __-. T Street 1717 4th Street, Suite 250 City ~ Santa Monica State CA Zip Code !90401- Phone (310) 45$-8253 _ . General Information Page 1 11/30/2010 B~edeveiopment Agency 4f The CityiOf,Santa tlNonica Red~veiapinent Agencies Financial Transactions Report , ' Audit Information Fiscal Year 201D Was the Report Prepared from Audited Financial Data, and Did You Submit a Copy of the Autlit? lndioate 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 Yes Unqualified If compliance opinion includes exceptions, statethe areas of non-compliance, and describe the agency's effons to correct. Was a Compliance Audit Performetl in Accordance with Health and Safety Cotle Section 33050.1 and the State Controller's Guidelines for Compliance Audlts, and Did You Submit a Copy of the Audit? Indicate Compliance Audit Opinion If Compliance Audit is not yei Completed, What is the Expected Completion Date? ~~ -- - _.._ ,....-....._I Yes Unqualified ~ 'I Audit information Fage 1 11!30120'10 Redevelopment Agency Of The City Of+Santa:Monica . Redevelopment Ag®nces Financial Transactions R®part Project Area Report Fiscal Year 2010 Project Area Name Forwarded from Prior Year? Please Provide a Bnef Description of the Activities for this Project Area During the Reporting Year. Activity Report model was completed in FY 2009- )70. The mall) reopened on August 2010. The Redevelopment gency worked with Macerich ompany on the remodel and ~ordinated construction of public ~provements. In addition, loomingdales and Nordstrom, the ro anchor department stores, also :modeled their existing stores and nth reopened in August 2010. The ~oject also includes two Agency rvned parking structures (numbers and 8) that provide 1,643 parking paces. The Agency made gnifcant improvemeMS to these ructures, which reopened In injunction with the mall. tprovements included renovating ie facades, converting the ructures to full-day attendant arking, installing parking controls, td other related capital Enter Code for Type of Project Area Report P=Standard Project Area Report L =Low and Moderate Income Mousing Fund 0 =Other Miscellaneous Funds or Programs Does the Plan Include Tax Increment Provisions? Date Project Araa was Established (MM-DD-YY) 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 Limi4: Project Area :;.. Yes P A =Administrative Funtl M =Mortgage Revenue Bond Program S =Proposed (Survey) Project Area Yes ~~_~-~~~~~- ~ ~ 1/13/1976 ;.....__._......7/11/ 02 O6 -_ ..._ ____ _..._......._... Yes Repayment of Indebtedness (Year Only) Effectiveness of Plan (Year Only) ' New Indebtedness (Year Only) Size of Project Area in Acres Percentage of Land Vacant at the)nceptlon of the Project Area Health antl 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) _ 2029 -__... _.a.....:._~- 2019 _.._---:vr---:.-:::..---~ 10! 100.0 R=Residential I=Industrial C=Commercial P=Public O =Other Project Area Report Page 1 11/30/2010 Redeveloplaent .agency Of Ile City Of Santa lVlanica . Redeve[opmerat Agencies Financial Transactions Report Project Area Report Fiscal Year 2010 Please Provide a Brief Description of the Activities for Phis Project Area During the Reporting Year. Activity Report established new funding priorities for several key projects in the Earthquake Recovery Redevelopment Area (funding amounts in parentheses indicate amounts allocated to be spent over the next fve years). Most projects are in the planning, environmental review, or design phases at this time. Several of thane projects center an public improvements to the Civic Center area to implement the Givic Center Specific Plan. These projects include: a new seven acre park, Palisades Garden Walk ($25 million); extensive planning far upcoming Exposition Light Rail Transit stations and associated infrastructure and streetscape improvements ($30.9 million); a joint use project with Santa Monica High School to allow for public use of athletic facilities ($57 million); shared parking in the Civic Center area ($25 million); renovation and seismic retrofit of the Civic Auditorium ($25 million); exploration of fr©eway capping options Project Area Name Earthquake Recovery Project Area I' -......._..-- __~_.._ J Fonvartletl from Prior Year? Enter Code for Type of Project Area Report P =Standard ProJeot Area Report L=Low and Moderate Income Housing Fund O =Other Miscellaneous Funds or Programs Does the Plan Ihdude Tax Increment Provisions? Dale Project Area was Established (MM-DD-YY) Most Recent Date Project Area was Amended Did this Amendment Atltl New Territory? Most Recent Date Project Area was Merged Will this Project Area be Carried Forward to Next Yeah ~~~...!f~.~... Yes `" A =Administrative Fund M =Mortgage Revenue bond Program S =Proposed (Survey) Project Area Yes 6/21/1994, 7/11/20061 No ~__ ~TYes', Established Tlme Limit: Repayment of Indebtedness (Year Only) 2042 Effectiveness of Plan (Year Only) 2027, New indebtedness (Year Only) ~201q~i Size of Project Area in Acres ~ _ 1,851 Percentage of Land Vacant at the Inception of the Project Area '^ 10.0 Health and Safety Code Section 33320.1 (xx.x%) Percentage of Land Developed at the Inception of the Protect Area 90,0: Health and Safety Code Section 33320.1 (xx.x%) Objectives of the Protect Area as Set Forth in the Project Area Plan '~ .. RICPO {Enter the Appropriate Code(s) in Sequence as Shown) R=Residential 1=intlustdal C=Commercial P=Public O=Other Project Area Report Page 2 11/302070 Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Activity Report paid with funds from the Ocean Park Project Areas. Funtls were also used to preserve the supply of low and moderate income housing outside the project area. Ocean Park Projact Area tax increment -above and beyond the 20 percent sat aside - was used to partially fund affordable housing developments at 750-752 Marine Ava and 844 Lincoln Boulevard that were completed during the reporting fscal year. Forwarded from Prior Year ? Enter Code for Typa of Project Area Report P =Standard Project Area Report L=Low and Motlerate Income Housing Fund 0 =Other Miscellaneous Funds or Programs Does the Plan Include Tax Increment Provisions? Date Project Area was Established (MM-DD-Yn Most Recent Date Project Area was Amended Did this Amendm ant Add New Territory? Most Recent Date Project Area was Merged Will this Project Araa be Carried Forward to NextYear? Established Time Limit: ~ !- :Yes __.. _.- ~..._.- _._.._.....P,I A =Administrative Fund M =Mortgage Revenue Bond Program S =Proposed (Survey) Projeci Area _-~~Yesl rr 1/24/19611 L~_. __... .. -_~ r 7/11/2006 Lam:: -_.._._ No Yes Repayment of Indebtedness (Year Only) 2022'. Effectiveness of Plan (Year Only) ~2p92 New indebtedness (Year Only) 2004- Size of Project Area in Acres 33 - Percentage of Land.Vacant at the.inception of the Projact Araa __ ' .: .:_1 J Health and Safety Code Section 33320.1 (xx.x%) -~ _ Percentage of Land Developed at the Inception of the Project Area _._. 10D.0' Health and Safety Code Section 33320.1 (xx.x%) ' Objectives of the Project Area as Set Forth in the Project Area Plan ~'. ~ ~ ~~~ ~~ R (Enter the Appropriate Code(s) in Sequence as Shown) R=Residential I=Industrial C=Commercial P= Publto O =Other Project Area Report Page 3 ~ 19!30/2010 Redevelopment Agency Of The City'C1f SantaMantca Redevelopment Agencies Financial 1'raris~ctioe~s Report- Assessed Valuation Data Fiscal Year 2010 Project Area Name ~_ Frozen Base Assessetl Valuation Increment Assessed Valuation Total Assessed Valuation ____ ............. __ .. I .Downtown Project Area 3,687,360' 120,924,429 124,611,789 Assessed Valuation Data Page 1 11/30/2010 Assessed Valuation Data Page 2 ~ 77130!2010 Project Area Name Frozen 0ase Assessed Valuation Increment Assessed Valuation Tote! Assessed Valuation Park Project Area 52.877_919) 395,600,958 ----408,478,877 Assessed Valuation Data Page 3 11/30/2010 Redevelupment'Agency Of:7he City CDf Santa-Monica i2edevelbprllent Agencies Financial Transactions Report"' _. _ ... Pass-Through /School District Assistance Fiscal Year Project Area Name 2010 ,Downtown Project Area Other Payments Tax Increment PassThrough Detail Amounts Paid To Taxing Agencies Pursuant To: County Cities School Districts Community College Dlstriot Special Districts Total Paitl to Taxing Agencies NeY Amount to Agoncy Gross Tax Increment Generated H& S Code H 8 S Code H& S Code Section 33401 Section 33078 Section 33507 Total H 85 Code H & 5 Code Section 33445 Section 33445.5 2` i~ S1 228,313 ~~~~L .,!:::~ 1,228 313. Pass-Through /School District Assistance Page 1 11/30/2010 Redevejoprnenf Agency ~f The City.Off Santa Nfonica l2edevedoptttent Agencies Financial Transactions Report Pass-Through /School Dis4rict Assistance Fiscal Year Project Area Name -- -- .2010......._-. EarEhquake Recovery Project Area Tax Increment Pass Through Detail Amqunts Pald 7o Taxing Agencies Pursuant To: County Cities School Districts Community College District Special-0istrids Total Paid to Taxing Agencies Net Amount to Agency Gross Tax Increment Generated. H 8 S Code H& S Code H& S Code Section 334(11 Section 33676 Section 33607 Other Payments Total H & S Code H & 5 Code Section 33445 Section 33445,5 $0 $0 $17,365,314 $17,365,314 $0 '. $0 I~~!~.~ ~ ~ ...:,. $50,903,258 . I- ~~ ~~ ~,:.~.~~ ~I _...68,268,572, Pass•Through /School District Assistance ~ Page 2 11!3012010 Fiscal Year ..2010 Project Area Name Ocean Park Project Area Tax Increment Pass Through Detail Amounts Paitl To Taxing Agencies Pursuant To: County Cities School Districts Communlry College District Special Districts Total paid to Taxing Agencies Net Amount 4o Agency Gross Tax Increment Generated H& S Code H& S Code H 8 5 Code Total Section 33401 Section 33676 Section 33607 -.- ~._.,_ .._-,I_ .-_~~,~ 4,029,853 j Other Payments H& S Code H 8 S Code Section 33445 Section 33445.5 Pass-Through/School plstrlct Assistance Page3 41!3012040 Pass-Through /School District Assistance Redeuelopgnent Agency Off The City ~f Santa Monica R~deueiopnentAgericies Financial Transactions Report Summary of fhe Statemen4 of Indebtedness -Protect Area Fiscal Year 2010 Prajeat Area Name lax Allocation Band Debt Revenue Bonds ~~ Other Long Tarm Debt ~ ~ L..___... __.. _._ City/County Debt ~ ~---X107,858,775 '~ Low,and Moderate Income Housing Fund __ 6,416,310 Other .__._...-_._.-_...........~ L__..__-------~ Total $114,275,0$5 Available Revenues 7,534,456 Net Tax Increment Requirements $106,740,629 Summary of the Statement of Indebtedness -Project Area Page 1 11/30/2010 = R~tlevelopment Agency Of The Oity Of-Sanka BNeanica - R®developnent Agencies F'inanciaB TransacfionsRepbrt Fiscal Year Project Area Name Tax Allocation Bond Debt Revenue Bonds Other Long Term Debt CitytCounty Debt Summary of the Statemen4 of Indebtedness - Projec4 Area 2010 Law and Moderate Income Housing Fund Other Totai Available Revenues Net Tax Increment Requirements Summary of the Statement of Indebtedness -Project Area Page 2 11130/2010 Redevelapment'Agency Off T'he Clty G7f Santa Nlortaca Redevelopment Agevlcles Financial Transactions Report Summa ... .. ..,:...- ry of the Statement of Indebtedness -Project Area Fi3cal Year 2010 Project Area Name Tax Allocation Bond Debt Revenue Bonds Other Long Term Debt CitylCOUnty Debt Low and Moderate Income Housing Fund Other Total Available Revenues Net Tax Increment Requiroments Summary of theStatemenf of Indebtedness-Project Area Paoe3 11/30/2090 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 Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default Bontl Types Allowed: ~, Tax Allocation Bonds; Revenue Bonds; Certificates of Panicipation; Tax Allocation Notes; Financing Authority Bonds; CitylCounty Debt; US;State; Loans; Lease-06ligations; Notes; Deferred Pass-Throughs; Deferred Compensation: Other Agency Lang-Term Debt Page 1 1 V3pl2010 Redevelmpment ~.gency Of The City Cf Santa Monica RelevelopmentPegeneies Financiall'ransactians Report Agency Long-Tenn Debt Fiscal Year Project Area. Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued zo7.o. __ - -' _- _ - LarChguake Recoq_erK,Project Area _ 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 Principal Amoun4 Unmatured End of Fiscal Year Principal Amount In Default Interest In Default Bond Types Allowetl: 'City/County Debt 20011 13,827,877] 13,827,877' Project Funding _ ___ _ ~-~,-_~ 20011 2040 i $3,465,452 z,zzsss7 ~~~ .l 55,695,019 Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; lax Allocation Notes; Financing Authority Bonds; City/County Debt; US;Siate; Loans; Lease Obligations; Notes; Deferred Pass-Th roughs; Deferred Compensation; Other Agency Long-Term Debt Page 2 11/30/2010 6edevefoperteni:Rgency Of The City Of Santa"Monica ReetevelopmentAgericies Pinartii:ial7ransactiorrs R. eport Agoncy Long-Term Debt Fiscal Year Project Area Name Fonaard 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 '2010 _. --- _. -- Ocean Park Project Area Principal Amount Unmatured Beginning of Ftscal Year Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount lssued 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 Yes ..; City/County Debt Bond Types Allowed: " Tax Allocation Bands; Revenue Bonds; Certincates 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 11/30/2010 Itedevelop'mentAgmcy Of TteCity Off Santa Monica Rdtlevefopaatii3nt Agencies f=inancial Tcaiasactions' Repart _ Agency Long-Term Debt Fiscal Year 2010 Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued Purpose of {slue Maturity Date Beginning Year Maturity Date Ending Year Principal Amounk Unmatured Beginning of Fiscal Year Adjustment Made During Year Adjustment Explanation Interest Atltled to Principal Principal Amcunt Issued During Fiscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principa! 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; I Loans; Lease Obligations; Notes; Deferred Pass-Thrcughs; Defened Compensation; Other Agency Long-Term Debt ~ Page 4 11/30/2010 Redevelgpmenfi Agency Of the Ci4y Of'SantaMgnica ` ` RedeVelgpntent Agencies Financial Transactions'Repgrt Agency Long-Tenn 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 2010 'Ocean Park,Pro{ect,Area I Principal Amount Unmatured Beginning of Fisoal Year Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount, Issued During Fjscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeasad During Fiscal Year Principa! Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default ' lax Allocation Bands Defease 1992 Boni v/Moderate Inaome ~. 1,D95,000 $12,455,0001 ~~ Bond Types Allowed; lax Allocation Bontls; Revenue Bands; Certificates of Participation; Tax Allocation Notes; Financing Authority Bontls; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debt Page S 11/30/2010 Redevelopment Agdrtcy Of The City Of Santa Nloaica Redevelopari~nt agencies FananciaB Yransactions Ftepart Agency Long-Term Debt Fiscal Year Project Area Name Forward from Prior Year Bond Type Year of Authorization Principal Amount Authorized Principal Amount Issued ~2i 01~_ ..............__J IEarthauake Recovery. Protect Area ___ 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 Principal Amount Unmatured End of Fiscal Year Principal Amount In Default Interest In Default 'IYes 1! i ~';,! lax Allocation Bonds "~ _ _...._. 2006 }64,7 00264,7 002 p0 .:...._...64.720,000 '~, PTO Defease 1999 Bonds _,.__, 2006 2ozs $59,350,000 _ ~~ ._,.._ 1,7D5,000 __ ._. "~ $57,645,000 -~~ ~._. .- Bond Types Allowed: Tax Allocation Bonds; Ravenue Bonds; Certificates of Panicipation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;State; Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Other Agency Long-Term Debi Page 6 1 V30/2010 Redevelapment Agency OW The City C)f Santa Monica RedeveBopmerit Agencies Financial Transacti~ins Report ,, Statement of Income and Expenditures • Revenues Fiscal Year 20tO Proiecf Area Name. Downtawn Pro eet Area Low/Moderate Special Capital Project Debt Service ~ Income Housing RevenuelOther Funds Funds Funds Funds Total Tax Increment Gross _ __ _9_82,650 . _ 245,663 ; r '' .~ $1,228,313 (include All Apportionments) Special Supplemental Subvention I _ i ~ „_ $0 Property Assessments $0 -- SalesandUseTax __ _ i __ 'I ~~~,~ $0 Transient Occupancy Tax Interest Income Rental Income Lease Income Sale of Real Estate Gain on Land Held far Resale Federal Grants Grants from Other Agencies Band Administrative Pees Other Revenues Total Revenues $1,101,556 $0 ~,~ $251 358 ~ $0 $1,352,914 Statement of Income and~Expenditures -Revenues Page 1 1 V3012010 Redeveiopmenti Agency O.ff The Cifijr 09 Santa Monica < Redevelopmen4Agencies~incnciai'C"ransaataons~eport Statement of Income and Expendi#ures -Revenues Fiscal Year Protect Area Name Tax Increment Gross (include All Apportionments) Special Supplemental Subvention Property Assessments Salesand Use Tax Transient Occupancy Tax ntefe5t InCOme Rental Income Lease Income Sale of Real Estate Gain on Land Held for Resale Fetleral Grants Grants from Other Agencies Bond Administrative Foes Other Revenues Tdtal Revenues .. ..... _ zoTO - -_ _.. .. ...._.I Earthquake Recovery Project Area Low/Moderate Special Capital Project Dabt Service Income Housing RevenuelOther Funds Funtls Funds Funds Total 54,614,858 13 653 7141- $68,268,572 Statement of Income and Expenditures -Revenues Page 2 11/30/2010 _r-- _.. ~..._. ___ $0. Fiscal Year Protect Area Name Tax Increment Gross (Include All Apportionments) Special Supplemental Subvention Property Assessments Sales and Use Tax Transient Occupancy Tax Interest Income Rental Incoma Lease Income Sale of Real Estate Gain on Land Held far Resale Federal Grants Grants from Qther Agencies Bond Administrative Fees Other Revenues Total Revenues Statement of Income and Expenditures-Revenues Page3 11/30/2010 3,223,882 _.._ - ;~-~ 805,971 ~ .1 34,029,853 ~..._. Fiscal Year X2010 -._ . .. _ .Project Area Name Downtown Proiect Area _ __ __. _ ._.,_ _ Capital Project Debt Service LowlModerate Special Funds Funds Income Housing' RevenuelOther Tatal Administration Costs ~ 418,718 r -.___.. _. ~^ $418.778 Professional Services ___ _L, _ _ __._,..._.. $0 Planning, Survey, and Design 7 --' __.._.__...__y__.__..____ ~.... $0 ~___r.:._.__.......~ Real Estate Purchases ~_- '.......__-._._-._-~..L ~_......._....._._ $0 Acquisition Expense ~ ~ ~- ....___ L_____ ~- $D - _... _.. Operation of Acquired Property ~ $D Relocation Costs ~ ~ $0 Relocation Payments ~, 1_.._._.._.- I __,-,,,.._„__,_,__. $0 Sde Clearance Costs ~~ ____..-- ~~ __, SO Projectlmprovement/Construction Costs L .1.214676 _ J ~ ~_ $1,214,676 Disposal Costs ! $0 Loss on Disposition of Land Held far _ $0 Resale _..... __. .' _.._ .__ Statement of ]noome and Expenditures - Expenddures Page 1 11/30/2010 Statement of Income and Expenditures -Expenditures RedeveiopmentAgency q~N1i'lie City Qf Santa Manisa ~~ Redevelopment Agencies Ftftanei~l Transactions Report Statement of Income and Expenditures -Expenditures Fiscal Year 2_01"0"._~ Project Area Name ii)owntown Protect Area _._ _" 'i Capital Project Debt Service ~Low/Modera4e Special Funds Funds Income Housing Revenue/Other Total Decline in Value of Land Held for Resale - ~~ ~~ Rehabilitation Costs ; ~ ~ , $p Rehabilitation Grants $p Interest Expense ~ 365,245 ~ 3~65,245~- ...,...- ...__~1 ~ __ Fixed Asset Acquisitions '~. ~_ ~ $0 Subsidies to Low and Moderate Income L ~ $p '- ~- Housing -' Debt lssuanceCosts ~ $p Other ExRenditures Including Pass- _ -_ 18,95--- 1T- ~- $18,951 - "- - -- "" ~ ~ ~~~-- Through Payment(s) ' Debt Principal Payments: , Tax Allocation Bonds and Notes __~ $p Revenue Bonds, Certificates of ',: ~_ __ I $0 ~ -~-- ~"~~~ ~ - '~'"~" Participation, Financing Authority Bonds City/County Advances and Loans -- - _. _ 1 ._ ,._~~.~ ~ ' i $0 __ T ___._ L _..___, ._. ..._._ All Other Long-Term Debt -. _ ~ ~_ _~ ~ ~ ' ~ $0 __ Total Expenditures $2,017,59p ~ $0 $p $0 $2,017 590 Excess (Deficiency) Revenues over ($916,034) I, $0 $251,358 SO ($664,676) (under) Expenditures Statement of Income and Expenditures -Expenditures Page 2 11/30/2010 RedeYelopm®nt Agency Of Tlie City Of Santa Monica i2edebeio~rmentAgenaies Finatasial Transactions k~epdrt. Statementof Income and Expenditures -Expenditures Fiscal Year :2410 - --- Project Area Name !Earthquake Recovery_Pro1ect Area_ J Capital Project Debt Service Low/Moderato Special Funds Funds Income Housing Revenue/Ofher Total Administration Costs ~ 3 017 548 154,029 !, ~ $3,171,577 Professional Services _. ..._ ~~"~~~ ~~ ' _- $0 Planning, Survey, and Design ~l-_- _ ___ $C Real Estate Purchases ~__ __ _ _ -r-~ SO _. _ Acquisition Expense ~ -_-._ "`"""" ___ $0 Operation of Acquired Properly i ~~ SO Reocation Costs ~ ~~~~ ~~~- ~ _.._ .._. ~ ~~ "' "' ..._ _........ .. ~ _._- ~ $0 Relocation Payments ~~ ~ ......... _..._ --- ~~ ~ ~~~~~~~~~~~~ .. i ......_ i $0 Site Clearance Costs ~ V ~~~~ ~ - SO Project Improvement/Construction Costs ' _133fi8618 „_ . ,_,_ 8,529,852' $21,898,467 Disposal Costs ~ ~ _ -__.__ ....... $O ~ Loss on Disposdion of Land Held for ~ _ ~ ~ Sp - Resale _...,... _.. __ _ Statement of Income and Expenditures -Expenditures Page 3 11130(2010 Fiscal Year 2010 -- __. _ Pro ect Area Name _ ry ~ T j ~~Earthguake Recove._ .Pro ect Area Gapital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Decline in Value of Land Held for Resale - ~~, $0 Rehabilitation Gosts 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 Allacatlon Bonds and Notes Revenue Bonds, Certificates of Participaticn, Financing Authority Bonds City/County Advances and Loans Ail Other Long-Term Debt i $0 _39,789300___ ___ .,.,., $39,789,300 . ____ ~.. i~_ __1,705.000 ~' ~ 51,705,000 ... ___... .. i.._-. . _._._ I ~ , _ SO ........_ .. t..-_ .._ ~ __,.. __.. Total Expenditures $58,405,030 ' $4,402,677 59,853,381 ' $0 $72,661,088 Excess (Deficiency) Revenues over ($2,617,467) ($4,A02,668) '. $4,405,760 $0 ($2,614,375) (under) Expenditures Statement of Income and Expenditures - Expend'RUres Page 4 11/302010 Statement of Income and Expenditures -Expenditures Fiscal Year Project Area Name ',2010 .__~ (Ocean Park Protect Area Capital Projoct petit Service LowlMOderate .Special Funds Funds Income Housing Revenue/Other Total Administration Costs 275,481 - ~ ~ ~ 8275 481 __ 1 _ Professional Services ~ i $p Planning,SUrvey,andDesign ~ ..._ _.. ..__ --- - gp_ Real Estate Purchasos f __ gp Acquisition Expense -____._ - ~~ _~~ -__. .. __,__ _.... SO _ Operation of Acquired Property ~ I _ $0 Relocation Costs ~~ $p._ I ~ Relocation Payments r L- _ ... ...... .... .. _.. ..._ _ $~.... ~ ~~~~ _. __ ...... _.. Site Clearance Costs _ ~ ~ ~~~ ~~ ~ ~~~--~ Project Improvement /Construction Casts ~ 968,55- 364283 $1,332,841 ~~~ ~~' Disposal Casts -- ~~"~ ~ -~ $0 Loss bn Disposition of Land Held for L i __. . $p Resale _ _ ...... _... _ -.. Statement of income and Expenditures -Expenditures Page 5 11/30/2010 Statement of Income and Expenditures -Expenditures Decline in Value of Land Held for Resale __ - - r- L...__._ ....._ - _.._-.~_-~ $0 Rehabilitation Costs _ _. ~~~~~~ ~ -~~~~'~~-~~~~~~~---~-~ ' -_.._.....______.._._ ..............__._._.._..._.__..___ So Rehabilitation Granis , ~~~ ~ ~~ ~~ $0 _. _ ~ Interest Expense ~ . _. ....... ____._ - ...____ ! 150 785 ~ ._ _ 626,628 ~ ~~ _'~ $777,413 Fixed Asset Acquisitions ', i $0 Subsidies to Low and Moderate Income $0 ... '. .:.._. .. Housing .. ___-_ Debt Issuance Costs ~ ~. ~ ~~ ~~~~~~ ~~~~~~ ~ -t-' I _ _.. $0 ~- _ Other Expenditures Including Pass- .._..._ ___.__- ~~ 61 155 '. $61,155 Through Payment(s) ..... _._.___._.._....____........-.._......,....._.____. Debt Principal Payments: Tax Allocation Bonds and Notes ~ ~ 1 095,00_ 0 $1,095,000 ~ Revenue Eontls, Cert~cates of _ r ~ ~ ~ ~ 50 Participation, Financing Authority Bontls City/Gounty Advances and Loans ~__ ~~, ~ 50 All Other Long-Term Debt C ~~ ~ $0 Total Expentlitures $1,455,979 $1,721,628 5364,283 ~ ~50 $3,541,890 Excess (Deficiency} Revenues over - 51,906,424 (51,624,332) 5460,411 $0 ~ $742,503 (under) Expenditures Statement of Income and Expenditures -Expenditures Page 6 1'I l30/2010 Redevelopment t~gency Oti'Tkae City of SantaMonica Redeveippment Agencies F'anancial Transactions Report. Statement of Income and Expenditures -Other Financing Sources Fiscal Year :2010 Project Area Name ®owntown,_Prafect Area Capital Prajeck Debt Service how/Moderate Funds Funds Income Housing Special RevenuelOther Total Proceeds of tong-Term Debt ~ $g Proceeds of Refunding Bonds _._ ---~______ L _ . __ $0 _ Payment to Refunded Bond Escrow Agent __. -..._:I _ .. - Advances from Cily/County _ 365 244 L_ ~- _ $365,244 Salo of Fized Assets ,.,_._ ~_~,_ ~-- _,.,_,_ .. __., $D Miscellzneous Financing Sources (Uses) '- $p Operating Transfers In - ........ __~. _ - ~ ~ - -~~ .. _ ._._ $0 ., Tax Increment Transfers In ~ ~ ~ ~ $t1.... Operating Transfers Out ~ ~ __-( ~ ~ $p Tax Increment Transfers Out ! :_ __ -~-~, $D (Tc the Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) $365,244 $0 $0 $0 $365 244 SlatemAnt of Income and Expenditures -Other Financing Sources page 1 11/3D/2010 Capital Project Debt Service Low/Moderate. Special Funds Funds Income Housing RavenuelOther Total Excess (Deficiency) of Revenues and ($550,790) $0 $251,358 $0 ($299,432) Other Financing Sources over Expenditures and Other Financing Uses Equity, Beginning of Period $4,625,191 ($49,173) $2,265,694 $0 $6,841,712 Prior Period Adjustments ~ ___,. .__ ___ '$0-- _~.__. _ Residual Equity Transfers ~~ ~ ~I ~ ~~ ~ ' L .__ __. .,....__,~' __ $0_.. Equity, End of Period $4,074,461 ($49,173) $2,517,052 $0 $6,542,2$6 Statement of Income and Expenditures -Other Financing Sources page 2 1 i/302010 Redevelo'pntent;Agency Of The CityzOf SantaPdl®1TRCa I~ed2veloprtfent Agencies F'i'hancial Tfansacfiori's Repnrt Stafemenf of Income and Expenditures -Other Financing Sources Fiscal Year '2~_ ___; Prpject Area Name Earth wake Recovery._Pro~ect Area__ Capital Protect Debt Service LowlModerate Special Funds Funds Income Housing RevenuefOther Total Proceetls of Long-Term Debi L- _ T _, 7,986,281 $7,986,281 Proceeds of Refunding Bands ~ $0 Payment to Refunded Bond Escrow Ageni ~ ~., Advances from City/Cpuniy 229,567 ~~ $2,229,567 Sale of Fixed Assets ~~ ~~~ ~~~ ..._ ._..1 ..._ _.. ...__- $0 Miscellaneous Financing Sources (Uses) T i gp Operating Transfers In ~- 4,445 779 ~~. ~ $4,445,779 Tax Increment Transfers In Operating Transfers Out L 3,609 952 ~ 835,827.. 54,445,779 Tax lncrementTmnsfers Out ~_ __ _ $0 (FO the Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) ' ($1,380,385) $4,445,779 $7150,454 $0 $10,2%,848 Statement of Income and Expenditures -Other Financing Sources Page 3 11/3012010 Redevelopment Agency.Q'f The City Of Barite ~anica-- Redeve~opment .4gencies.FRnanciai Transactions Report Statement of Income and Expenditures -Other Financing Sources Fiscal Year 2010 Project Area Name Earthquake„Recovery Project Area _ __- _~ Aapi4al Project Debt Service Low/Modera4e Special Funtls. Funds Income Housing Revenue/Other Total Excess {Deficiency) of Revenues and ($3,997,852) $43,111 $11,556,214 $0 $7,601,473 Other Financing Sources over ExpendRures and Other Financing Uses Equity, Beginning of Period $56,938,014 $3,151,964 $40,932,520' $0 $101,022,498 Prior Period Adjustments _,__JL..._._ ' _ _, „_,__„r$0 ~.... ~. ...... __.._.. _..__ ._ ._t Residual Equity Transfers .~_~,'~~~_~~~ _ $0 EquiTy, End of Period $52,940,162 $3,195,675 $52,488,734 $0 X108,623,971 Statement of Income and Expenditures - Othet Financing Sources Page 4 11/30/2010 Redevellopment agency Of the City;Clf Santa;Monica Redevelopmeist Agencies Financiai Trarisactiona iteport Statement of Income and Expenditures -Other Financing Sources Fiscal Year 2010 Project Area Name Ocean Park Proiect Area __ _ Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Proceeds of Long-Term Debt ~ l _-- __,_ _ _ $p Proceeds of Refunding Bonds i _-.-_T _-_._. __- .,... ._.- 8p ~ Payment to Refunded Bontl Escrow Agent - ''~, $p Advances from CHy/county i 150,785 . ~ _ - _ ; $150,785 Sate of Fixed Assets [1- ~ .i _ ..- -_ ~o_. Miscellaneous Financing Sources (Uses) ~ . _ ~ ._ ---~ .....- _._ _ . 80 _.. Operating Transfers In il_..._._'_ - 1,651 064 i -~~~~ -°- ---~_......_- ...._ ..... _ .._._..___- ~' $1,651,064 Tax Increment Transfers In ~ ~- ~~' __ __ ~""""""°"" $0 Operating Transfers Out 1,335,401 ', 315 663 ._._ - _ 81,651,064 Tax Increment Transfers Out i _ ~ $p (TC fhe Low and Moderate Income Housing Fund) Total Other Financing Sources (Uses) - ($i 184616) $1,651,064 ($315,663) $0 8150,765 Statement of Income and Expenditures -Other Financing Sources Page 5 11/30!2010 Redevelopment Pagency Of The City L7f Santa'-Mlonica ~ ,, F$etlevelopmentAgenciesFinanciall'i•ansactgonslteport! , Statemen4 of Income and Expenditures • Other Financing Sources .. Fiscal Year 2010 ____.. _] -- - Project Area Name Ocean Park Pro ect Area _ 1-- _ _.. ........ _.. ---- Capital Project Debt Service Law/Moderate Special Funds Funds Income Housing Revenue/Other Total Excess (Deficiency) of Revenues and ' $721,808 $26,732 $144,748 $0 $893,288 Other Financing Sources over Expenditures and Other Financing Uses Equity, Beginning of Period ~ ~. $7,323,683 $3,142,795 $2,193,538 $0 $12,660,016 Prior Period Adjustments ~~,~-~~_~ `_ „,___ _ $0 g -_-__ Residual Equity Transfers ~ __JI _ _ i I $0 Equity, End of Period ! $8,045,491 $3,169,527 $2,338,286 $0 ; $13,553,304 Statement of Income and Expenditures -Other Financing Sources Page 6 ~ 11/30/2010 Balance Sheet -Assets and Other Debits LowfMOderate Special Fiscal Year 2010 Capital Projects Debt Service Income Reusing RavenuelGther General Long- General Fixed Funtls Funds Funds Funtls Term Debt Assets Total Assets and Other Debits Cash and Imprest Cash 64,517,515 I ... _-- 23,333,341 ~ r`;I`. $87,850,856 Cash with Fiscal Agent 554,187 j 6,315,429 ____ ___~.-- 113,985 __. - _ - $6,983,601 Tax Increments Receivable 1566,912E __ j _ $85,4841 I I ~~ - $2,452,396 ~___ Accounts Receivable ~ I ;l, ~ $0' Accrued Interest Receivable r 3p1 002 .~._ .._ 77,051 -. '• $3%8,053 Loans Receivable 5 035 395 ~ ~ 34,175,75fi ~.. _ ~ -`~~ '! ~ $39,211,151 Contracts Receivable ~ _..... ___. J.~_: ~ -"-~ __- ill, ' -- $0 Lease Payments Receivable ~, .,~ Unearned Finance Charge ~ ~ ._ ... _ -~ ~~~ - - ~" - ~~_~~ ~ ~ -:i. $~---~ Due from Capital Projects Fund ` ~ ' - ~ ~ I ~ ~ SO Due from Debt Service Fund _~ ~ '~~ .- _, ,,. ~ SO Due from Low/Moderate ! - ~ ~ •~ $~ Income Housing Fund . Due from Special - ....._ _.__ .. __ __r_ ; ~~ ~~~ "" __. ~ ~ i $0 Revenue/Other Funds _ ~~~~ ~ """ --~ _ '-'-~- Balance Sheet-Assets and Other Debits Page 1 11/30!2010 LowlMotlerate Special Fiscal Year 2010 Capital Projects Debt Service Income Housing RovenuetOther General Leng- General Fixed Funds Funds Funds Funds Term DebE Assets Total Investments -"-- _- ~~~ -~- --~ - - - Investments: Land Held for ~~~~~ 'i ~ ~ ;, . ~ 0 Resale . : -- _- , $ Allowance for Decline In ___ ~"~" .I "~~" ~ -~~"~ - " ~~" ""-~~ ~ ~. ~. ~, ,; ~" ~ 80 Value of Land Held for Resale " -- - ---- ' Fixetl Assets: Land, , f s ~ , L __... ~ , , , - St -- ~ ~ , . $0 ructures, and Improvements - ---- ... ... Equipment ,: .. :, . ,:, , ~ _ .,. .... $0 Amount Available In Debt ~ '~: ~ I _.."... . , I Service Fund „ ,, - "~° ' $0 Amount to be Provided for P ~ :~ ( :`~'T~I,. ~ ~ _ __- , - 126,332,863 ',; ~ i= - $126,332,863 ayment of Long-Term Deht --- - Total Assets and O4her $71,975,011 $6,315,429 - $58,585,617 $0 $126,332 863 $0 $263,208,920 Debits (Must Epual Total Liabilities, Other Credits, and Equdies) Balance Sheet -Assets and Other Debits Page 2 11/30/2010 Balance SheeB -Assets and Other Debits Liabilities antl Other Credits Accounts Payable Interest P2yable Tax Anticipation Notes Payable Loans Payabla Other Liabilities Due to Capital Projects Fund Due to Debt Service Fund Due to LowlModerate Income Housing Fund Due to Special RevenuelOther FUnds Tax Allocation Bonds Payable Lease Revenue, Certificates of Participation Payable, - Financing Authority Bonds All Oiher Long-TermDebt Total Liabilities and Other. Credits _,,,L~. ______ ._ ___ _ 70100,000 $70,100,000 Balance Sheet -Liabilities and Other Credits Page 1 ~I1/30l2010 Equities Investment In General Fixed ~- -~ ~ ; ~i ° ~ ~ -_ -- .. ~ $0 Assets ___~ Funtl Balance Reserved 6903309; 6,315,429 35,138,291 __ _ - ~ $48,357,029 Fund Balance U d D ' d _- __- 955 345 i --~ ~~ -_-' _.$955,345.... nreserve - es ~anate Fund Balance 57201400 __~ 22,205,781 ~""" ~~~" ~ "`~" ;.. ~ -~ $79407,181 Unreserved-Undesignated _ Tota[ Equities $65,0&0,054 $6,315,429 $57,344,072 $0 ~ $0 $128,719,555 Total Liabilities, Other Credits, and Equities $71,975,011 $6,315,429 I $58585,617 $0 $126,332,863 $0 $263208,920 Ealanoe Sheet -Liabilities and Other Credits .. Page 2 11/30/2010 rRecievelapmentAgancy t3f The,City t3f Santa d~onica Redevelopeneit Agencies Financial Transactions Report ., ., Statement of Income and Expenditures -Summary, Combined Transfers In/Out Pisca(Year 2010 Operating Transfers In $6,096,843. lax Increment Transfers In $p Operating Transfers Out $6,096,843 Tax Increment Transfers Out i $0 Statement oflncome and Expentlitures- Summary, Page 1 11/30/2010 Combined Trensfers In/Out STATEMHNT OF CNREBTERNESS -CONSOLtDATER CaverPage FILER FOf2 TH£ 201 tl-11 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of the C"try of Santa Monica Name of Project Area tJowntown Redevelopment Project Current Balances Carried Forward From: Total PriaclpalMtarest Line Duffitantling Dabt Due Haring 7az Year Fiscal Period-Totals. {From Form A, Page 1 Totals) (1) 5 37,937;252 S 29,685,252 (Opt onaq Post Fiscal Petlotl •Totals {From FOrm STotals) (2) 5 82.83!,633 S 51Q,BiA cram Totals ~ 3J 114,275,085 25,196,086 va(iable Revaaues FYOnl CaicuWtion of Available Revenues llna7 {4) 7,534,45G ~ Net Requirement S 5106,740,628 Consoifdate on tNs form ell of the tlata contained on Farm A and B (fnGUding supplemental pBges). Form A fs to inckutle ail indoGetlness entered Into as of June 30 0£ Ne Fiscal Year. Farm B may be idled at the option of ibe agency, antl is to include Indebtetlness enteretl into post Jufre 30 of the Fiscal Year, pursuant to Health and Safely Code Seotlon 33676(c)(2). This is apEonat fof each agency and is not a requirementfortling itiaStatement of Indebtedness. The ftawim4liaflon Statement Is to InGUde indeMetlness from Fomc A only. CerfiFlCaUOn of Ch1ef Finandal Officer: Pursuant to Section 33G15 (b) of the Health and S~oly Code, I hereby cedlN thattha above is a'true and accurate Statement of Indebtedness for fhe above nametl agency. o m~ o m o~ ~ 2 ~ rn cn ;p w N A -I c T x o m ~ ~ ~~@ O m k @ @ O D m v ro~~~A mA-~' m ~ mom ro° Nix mf°- '_~~ o O m a~ D~ @ d c a o' o A q o- m G @ ° 3 ~ ~ 3 v x ~ . S ~ ~ i '~ ~ ~ , ~ ~ c . , m . o i - ~ ' < ° c ~ m ~ 3. ~ o ~ ~. m @ °' O y ~ K ~ m 1p "" ~ ~ o D v z D N N Z ' ~' G @ f N ~ j 2 Z C 3 @ m ~ ~ @ .7 fD @ ~ @ < N G 'Cr' ~ `~ C N w Q C N N -I 9. O 0 .la a 3 ~ 3 >Z O ,1l , @ ssM QO A N rn U n, O. ~ G <D ~ ~ O J7 @ ~ @ S N ~ ~< (D n 6 d fl N ~ 6 N ~ @ 111 OS v v @ = ( N R ~, Q O @@ @ m D ~. o m O 3 "1 3 @ a ~ ~ m s @ O ti 'a o @ D m ?' ~~~ v m~ ~^ m m -~ ~ a a @ ~ p O c m o @ a y = ~ A p S o c @ ry~ m ... m N a ' @ C7 ai N ~ f D G N ~ 'o R1~Om ~ o a' m m rn .. C -° . _ @ 3 y s < o N - 2 7 n N q ~ ~ y @ --i ~ m ~' 1 1 a 3 ~. ~ p o_ O o m O t/i a Q y v. °~ a N y O' Q M ~ N w j @ -n N cn b fV O J@ m ° j. G~ ~P (P O fp b W W ~ Q m. c @~ o m w m rn w o • ~ m m o @ va o ~ a .r O o m `° 3 -n °~ y o ' ~ ~ m m ~ a a ~~Ci~~QBQ..1~~0~~ ~~A~~~ENT - Cf-IAI~C'sEu 0~ ~~Q~Q7~QN~S3 Page 1 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Downtown Redevelopment Protect Tax Year: 2009-2010 Reconciliation Dates: From July 1, 2009 fie June 30, 2010 A B C D E F Debt Identiflcatlon: Outstanding Debt Adjust ments Amounts Paid Against Remainin SOI, Page and Ilne: Brief All Beginning Increases Decreases Indebtedness, from: g Balance Prior Yr Current Vr Description Indebtedness (attach ex lanation attach ex lenation Tax Increment Other Funds (A+6-C-D-E) Pg1 Pg1 Line 6 LIneA Santa Monica Note#1" $ 1,557,358 $ 35,66A $ - $ - $ - $ 1,593,022 Pg 1 P91 Line C Line B Santa Monica Note #6* 18,412,347 329,581 - - - 18,741,928 Pg 1 Pg 1 Line D Line C Pkg. Structure Relmb. Agreemt. 489,218 - - 365,245 - 123,973 Pg 1 Pg 1 Line E Line D ~ D!r Coo /Reimb. Agreement 3,473,013 - - 3,473,013 Pg NEW Pg 1 Line LineH 2010-2620% Set Aside - - 6,406,000 6,406 000 P9 1 Pg 1 , LIneF LineE 1992-9320% Shortfall 10,310 - 10,310 P9 NEW Pg 1 Line Line F 2010-11 Admin Indirect 7117 - 40,806 _ A0 8D6 P9 P9 Line Llne TOTAL-THIS PAGE $ 23,942,246 $ 6,812,051 $ - $ 365,245 $ - $ 30,389,D52 TOTALS FORWARD 702,312 1;524,218 18,982 1,159,348 - 1,048,200 GRAND TOTALS $ 24,644,558 $ 8,336,269 $ 18,982 $ 1,52A,593 $ - $ 31,437,252 NOTE: This form is to reconcile the previous Statement of Indebtedness xo the current one being filed. However, since the eeconciliafion is limitetl by law to a July i -June 30 fiscal year period, only those Items included on fhe SOI Form A is to be included on this document. To~assis4 in following each item of indebketlness from oneS01 fo the nett, 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. ColumnFmustequal the current SOl, FOrm ATotai Outstanding Debtcolumn, r.~~~ou, wus ~cncme acct ueu n ueies ror <uus-tu *• Adjustment reflects increase in estimate used on the previous SOI. ~.~G®~Cj~{~~I®~ $T{~~$'~~~~~ - ~~A@@~~$ ~~ j~~~~~~~~~$$ Page 2 of Y Name of Agency Redevelopment Agency of the Citv of Santa Monica Name of Project Area Downtown Redevelopment Project Tax Year: 2009-2010 .Reconciliation Dates: From July 1, 2009 to June 30, 2010 A B C D E F Debt Idantifcatipn: Outstanding Dobt Adjustments Amoun~s Paid Against ~ Remaining SOI, page and line: Bdaf All Beginning Increases pecreases ]ndebtetln®ss, from: Balance Prior Yr Current Yr Dascriptibn ~Indebtetlness (attach explanation) (attach explanation) Tax increment Other Funds (A+S-C-D-~ Pg NEW Pg 1 2010-11 Relrnbursement Line LineG Agreement (7117) $ - $ 434,200 $ - $ - $ $ 434,800 Pg 1 Pg 1 Linel Line l' 2009-1020%Set Aslde° 251,000 5,338 245,562 Pg ~ Pg 2 2009-10 Raimh. Line H Line A Agreement"(7117) 374x29 311 374,218 - Pg 1 Pg 2 LineG Line B 2009-10 Atlmin Indirect" ~ 52,783 6,284 44,499 Pg NEW Pg 2 Line LineG 2010-28 A62557 614A00 614,000 Pg 2 Pg 2 Line C Line D 2009-10 AB 2557* 24,OOq 5,049 1x,951 Pg NEW Pg 2 2008-10 Macerich Parking Line LineE Improvement (9097) - 476,018 476,018 - Pg Pg Linp Lina - P9 P9 Line Line - Pg Pg Line Line Pg Pg Line Llne TOTAL-THIS PAGE $ 702,312 $ 1,524,218 $ - 18,982 $ 1,159,346 $ $ 1,048,200 `Adjustment reflects increaseldecraase ipestimate used on the previous SOI. STATEMEFIT OF lIVDE~TEDIVESS -FISCAL YEAR IE~DEBTEDi°dESS Form A FILED FOR TFIE 2009-2070 TAX YEAR Page 7 of 2 Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Projectr Area Downtown Redevelopment Project - For Indebtedness Entered Into as of June 30, 2010 Original Data Gurront Interest Total Total Prlncgpalllnterest Debt ldeotification -Data Principal Term Rate Interest Outstanding Debt Duo During Tax Year 5%Abova (A) Santa Monica Note #1* 06/30/81 871,840 Demand CSM Rate 1,593,022 1,593,022 .5%Ahove (e) Santa Monica #&" 10/24178 4,400,000 Demand cSM Rate ~ 18,741,928 18,741,928 (C) Pk9 Structure Reimh: Agreement 11/29R8 10,777,707 30 Years None 123,973 123,973 (D) D!r Coop/Reimb. Agreement** 12/17/85 16,167,626 Open None 3,473,073 ~ 3,473,013 (E) 1992-9320°h Shortfall 12114/93 15,365 Open None 10,310 10,310 (F) 2010-11 Admin Indirect 06!15/10 40,806 Open None 40,806 40,806 (G) 2010-11 Reimbursement Agreement ~ 06/15/10 434,200 0 en None - 434,200 434,200 (H)2010-2820%Sat Asitle 06/15/10 6,406,000 Open None ~ 6,406,000 244,000 (1)2009-1020Yo Set Aside 06/23!09 251,OW Open None - ~ - Su4 Total, - This Page $ 30,823,252 $ 24,661,252 ota s Forv/ar ed ~ f From All Other Pages 614,000 ~ 24,000 Total This Page $ 31,437,252 $ 24,685,252 Purpose of Indabtedness: (A) Land, construction, relocation antl operation casts (B) For land transfer (C) Pkg. Structure Agreement (Est. based on formula calculation) (D) Third Street mall imp. (Reduced forsale of COP's during 1986-87) (E) Low and moderate income housing fund (F)Operating expendiWres (G) Operating expenditures (H) 20 % Housing Set Aside (Per Sec. 33334.2 of Ca Redev Law) (1) 20% Housing Set Aside (Per Sec. 33334.2 of Ga Redev Law) *NOtes arepayable on tlemand with accrued Interest $~'ATE~~h-T CDF IN®E131'E®NES$ -FISCAL YERaR IFl17EFi1'E®IV~$$ Form A FIL1=® FOIZ TFIE 2009-2010 l'.4X YEPeR Page z of z Name of Redevetlopmen4 Agency Redevelopment Agency of the City of Santa Monica Name off Project Area Downtown Redevelopment Project For Indebtedness Entored into as of June 30, 2010 Original Data Current Debt Identification pate PrinGpal ' Term InteresC Rate Total Interest Total Outstantling Dept Principal(Interest Due During Tax Year (A) 2009-10 Reimbursement Agreement (7117) 06/23/09 $ 37A,529 Open None $ - - $ - $ (B) 2009-10 Admin Indirect ~ 06!23/09 52,783 Open ~ None (C) 2010-26 AB 2557 06/15/10 814,000 Open None ~ 614,000 24,D00 (D)2009-10 A62557 06123/09 24,000 Open None (E) 2009 Pkg Struc 7&8 Macerich(9097) 08/06/09 476,018 Open None (F) (G) (H) (I) (J) (K) (L) Total This Page - „ $ 614,000 5 24,000 Purpose of lntlebtedness: (A) Operzting Expenditures (B) Operating Expenditures (C) AB 2557 fees (D) AB 2557 fees (E) Parking structure improvements (F) (G) (H) _ (i)_ (~) _ (i0 _ (L) STATEMENT OF IhIDEBTEIJIVESS -POST FISCAL PEAR INDEBTEDNESS Form B FILED FOR THE 2009-2010 TAX YEAR (pp~ionalj Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Downtown Redevelopment Protect Forintlebtedness Entered into post June 30, 2p10 as of pctober 1, 2010 ~u~NVaC VI IILNCNLtl411CiS: (A) &esed on estimated amounts In 2010 dollars. Actual amounts will be based (G) an construction bitls. (H) iB) il) (~) (~) (G) i~ CE) (t) (F) STATEMENT OF INDEBTEDNESS - GONSOLfDATEC3 Cover Page FILED FOR THE 2010-11 TAX YEAR Name of Redevelopment Agency Redevelopment Agency of fhe Ciry of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project u rrent ' - Balances Carried Foiwartl From: Tgtal Principal/laterest Line Outstanding Debt Duo During TazYear isaal Period. Totals (From Pgrm A, Page t Totals) (1} $ 1,544,461,256 $ 60,495,588 (Optionap Post Fiscal Period •TOSats (Prom Form BTOWis) (2) 6,393,791,968 31,362,850 Grand Totals ~ (3) 6,934,653,276 95,856,898 Availa le Revenues From Gaiculafion of Avallab}e Revenues, Line 7 (4) 86,4fq,462 at Repnlrement ~ (5) $ 6,848,250,136 Consolidate on ih[s form ail of the data containetl on Form A and a (inGUd)ng supplomemal pages). Form A is to include all intlebte@ness entered inEp as of June 30 of the Fiscal Year. Fonn B may 6e filled az the gp1Wn qF the agency; and is to inGUtle Indebtedness eneered iota post June 30 of fhe Fiscal Year, pursuant to Healtn and Safety Cade Section 336T6(c)(2). This is opGOnal for each agency and is not a requirement for filing the Statement of Indebtedness. Tha Reconeiliatign Statement is iq include indebtedness from Farm A only. Cenifiration of Chief Financial Of6car. Pursuairt W SeG)on 356]5 (b) Ot fhe Hefllth and Safety Code. 1 hereby cergfythattha above i6 a true and a00ttrate Sta[amaM 0[ Intlebfedness forihe above named agency. ~ N N A 0 O O H O ~ Z V ~ (n A W N -i ( D f f b ._ x ro~ j ~ ~ ~. N X 0 rn p m5~ro~-ia yro -~S m O ~ w v ~ o~ ~ z m a m `° ~ 3 w . ~ m 0 o m o~~ m< ~ ~~ ~ v D r -- N D N fron ~ A~~ 3 A O~ 9 a N ~ N n m N ~ m X N tq -AI N , 7 ~ o w U~ ro m ro ~ ~ < ~ rn D a m w m o ro ~ a v -i _ X~ o m = O o s O ~ m Z O o~ m ~.~ . t • ro aro A 5. °, 3 c c ~ ~ . ro ~?. Z o m y e G ~ o C G b ~ o? N ro~ 3 N O N ~ y _ S n f0 0 ~ O { w fD n ~y SQ ~ ~ ~ N '6 y N ~ ~`'~N ~-i .Tl N G `C ~ 3 N •r _. amp N % 3 ~ N (D C w W ~ D ~ . .. . c ~ u ~ o . . v ^ d - .a - ~ v o-y v v d . ~ 3 , r ~ ~ a ''' ' - n 3 ~ ~. m. ' ~ ~ m ~ ro @ m m `t , K- m~ ~ m o x m 0 `~ a m °c S ,Z l p ~ °~ ~ N ro ro .« . b N . <` ~ " A O W ICY. ~ Q m ~~ A 6. "~ 3 ~ a Q N L' m .~ O. ry a W ~' ~ N~ p ~-1 O ~ •N-n ro C=1 N G O C R ro pj G w ro ro^ ~' N 3 ~ ~ a_ O N i ~ N V a ~ 3 ro I D C w ~ Q w f4 w w N CA { Zl O mow. G ro . y S] < ro N `G Oa `~ G Q- D i Q Q ~ O N ~ (AD W x O N ~ N ro0 ~ O Q ~ ~ v N n N N (D ro 3 O. . N m W Q ~ (~ ~ ~ _~ N ~' N C `c' N n w O' ~ O w a ~ ~ N m OJ v n O • O~ a N ro O rr a Q ro~ S n N. ~ y 3 ro Q N ~ N D 3' O ~° 3 ro Q. n~ ~ tg -{ m a ~ a S o m ~ v O rn ~ ro w ro 3 bro ~ ro . -. _ v I n -I m a c ~6 "o v m ~¢ m~ ~ O c ~ O O 3 a G Q % 3 G , C ~ O , - W O~ ~ ~ W ~ ,,, , . O N ~' N m .-. N ~.. % ~ f n ... O ~ y O N N 3 w~ w Z ~ ~ K ' ~ Q N c a• ~m o m j N C ~ -on ^ ro a ro •~ -~ (n y n ro _vi Cam, O~ N -{ v w ` m W p j °: O a ~ x 3 0 ~ d `< '~' ~ v ~ o <n o 0 ac c O< v.ro m ~ -' ~ 'm Quy ~. ~ ~ 3a a u, w rn m o m o w a o m ro w ~ n rn o ~ a ~ ~ ,-. w y a w . + Ja m O y N W }s ~ O N ws 2 ~ a. ~ N ~ d) ~ W W . + p r ~ 3 K ~' ~' ~ ~ C 9 N G W N a. ~ A A V N W W Q tD ~ N G ~ N N O trop _ N ~ ~• • . , '6 ro ~+ O n m ~ 'rl i m p O l "" N N N~ a n n r r ~_ °~+r W 1° W71 G G P7 REOONCILIATION 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 Proleci Tax Year: 2049-2010 Reconciliation pates: From July 1, 2009 to June 34, 2014 A B C D E F Debt ldentifcation: Outstanding Debt Adjust ments ~ Amounts Paid Against Remainin SO(, page a nd 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+B-C-D-E Pg 1 Pg 1 2005 Eanhquake protect bonds LineA LineA (a) 6 92,065,534 $ - $~ 18,418,107 $ 3,517,145 $ - $ 70,130,282 P9 1 P9 1 2002.03 Promissory Nate- Line B Lino B Parking structures 91,750,892 - - 3,669,568 88,081,324 P9 1 P9 1 2009-10 Reimb. Agreement" Line H Line C (7117) 2,617,900 287,642 2,905,542 P9 1 Pg 1 Linel LineD 2009-1020% Housing Set Aside` ~ 11,763,000 1,890,714 13,653,714 Pg'2 P9 1 2009-]0 Pass Throughs Per LInaG LIneE A81290* 20,097,000 2,318,125 17,778,875 - - Pg 1 Pg 1 Line F Line F 1996-97 Reimb. Agreement 12,250,194 ~ - - 12,250,194 NEW Pg 1 2019-11 Reimb. Agreement Line ~ LIneH (7117) - 4,760868 - - 4,760,868 NEW Pg 1 Line Line1 2otp-4220%Set Aside 481,595,000 - - - 481,595,000 OTAL-THIS PAGE $ 230,544.520 $ 488,584,224 $ 20,738,232 $ 41,524,844 $ - $ 656,817,668 TOTALS FORWARD 121,662,057 - 772,416,938 3A7,286 9,088,127 - 884,643,582 GRAND TOTALS $ 352,206,577 $ 1,260,951,162 $ 21,083,518 $ 50,612,971 $ - $ 1,541,461,250 NOTE: This form is to reconcile the previouaStatemept of Indebtedness 40 4he current one being filed. However, since the reconciliation is limited by law to a July 1 -Juno 30 fiscal year period, only those Items included on the SOI Form A is to be included on thisdocument. 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 501, Form A Total Outstanding Debt column. r.~~u+~,.=.,, , c,,....w ...v. caoc,ucu cmo w exuumc ulna on me previoas aui (a) retluced by portion paid far by 20 % set lowlmod aside F2ECONCILIATION S7"a41'ENIEIV7' - CFIAnIf'sES ITV IN®EBTEDNESS Page 2 of 3 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Protect Tax Year: 2009-2010 Reconciliation Dates: From July 1, 2ti09 to Juna 3D, 2010 A B C D E F Debt Identification: Outstanding Debt Adjustments ~ Amounts Paid Against Remaining . SCI, pogo a nd line: Brief All Beginning Increases Decreases Intlebtetlness, 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 Retrofit of Pkg LineG LineG StNptUfa 4 (8809, 8684)) $ 1,381.803 $ - $ - $ 718,561 $ - $ 662,242 P9 2 P9 2 2000-01 Reimb. Agreement- LIneA LIneA Palisades Bluff Project (7854) 887,926 - 815,977 %9,951 PB 2 Pg 2 Selemlc Retrofit of Parking Line B Line B Structures 7&8 (8076) " 172,621 172,621 P9 2 P9 2 200203 Parking Structure Pert. - LinaG LineG Agreement (6181) 60,000,000 - 60.000,000 P9 2 P9 2 2002-03 Palisades BluffMsg Line E Line E Cooperation Agreement (8180) 46,276,415 - 46,279,415 Pg NEW Pg 3 Line Line A 2010-11 Atlmin Indirect 79,489 79,489 Pg NEW pg 2 2010-42 Pass Throughs Per Line LineG A612g0 - 721674,000 ~ 721,G74,000 Pg 2 Pg 2 2004-OS Seismic Ratrpfit of Line H Line H Dwntn Prkng Strctre 5 (8449 496,114 496,114 P9 1 P9 1 2007 430 Arizona et al LIneK L1neK - Cooperation Agrmnt (8693)" 6,837 6,837 ' Pg 2 Pg 2 2005-06 Seismic retrofit of Line) Line) parking structure4 (8474) 71,940 79940 P91 Pg1 ~ 20071338-425th St Cooperation LIneJ LIneJ Agrmt (8684)" 6,360 - 6,360 - Pg Pg Line Lino TGTAL-THIS PAGE $ 109,303,018 $ 721,753,489 $ 185,818 $ 2,031,852 $ - $ 628,839,037 ' adjUSt 2m00nts tp aCU3 REC~IVCiLOPtTtlC3N ST~B'f`~NiEPV"6" - CHAeSVGES l~l BiV®~B~"EC1BV~`aS 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: 2009-2010 ~ Reconciliation Dates:. Prom July 1, 2009 to June 30, 2010 A B C D E Debt Identification: Outstanding Dobt ~ Adjustments Amounts Paid Against Remaining 501, page and line: - Brief All Beginning Increases Decreases Indebtedness, from: Balance Prior Yr Curcent Yr Description Indebtedness (attach ex lanation) (attach explanation) lax Increment Other Funds (A+g-C-D-E Pg 2 Pg 2 2007 Seismic Retrofit of Parking Llne D Line D Structure 2(8734) 343,545 - 158,906 184,639 P9 3 Pg Z LineA LineF 2009-10 Admin Indirect 112,008 112,006 Pg 3 Pg 2 2008 2nd & 4th St Ped. & Line B Line I Streetscepe Imp (8816 1,222,130 - 108;528 ~ 1,113,602 Pg 1 Pg 1 2008 Parking Structure 1-6 ` Lane L Llne L Facade improvements (8962) 362,308 362,308 Pg 2 Pg 2 2009 Parking Structure 7-8 Line K Line K Fapada improvements (8949) 8,981,050 5,138,195 3,842,855 Pg 3 Pg 3 LineF Line6 2009.10 A82557 1,338,000 161,466 1,176,532 Pg NEW Pg 3 Line LineC 2p10-42 AB2557 - 46,111,000 - 46,111,000 Pg NEW Pg 3 Line LineD 201041 ERAF 4,295,350 4,295,35Q Pg NEW Pg 3 2010-11. Property Based Line LineF Assessment Dist 257,099 ~ 257,099 Pg Pg Llne Line _ Pg Pg Line Lina _ Pg Pg Line Line TOTAL-TH IS PAGE $ 12,359,035 $ 50,863,449 $ 161,468 $ 7,056,475 $ - $ 55,804,545 2009-10 SERAF payment to county ~~co~ci~t~,~rto~ s-raa~n~~~r - cw,aNGes d~'Nr~~~r~~N~ss not aas~a Name oFAgency Redevelopment Agency of the City of Santa Monica Name of ProjectArea Earthquake Recovery Redevelopment Project Tax Year: 2009-2010 - Reconciliation Dates: From July 1, 2009 to June 30, 2010 A e O P Dobt ldentlflcation: Outstanding pebt Adlustments Amdunts Paid Against Remaining SOI, page a nd Ilne: grief All Beginning Increases ,Decreases Indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness attach axplanatien) (attach explanation) Tax Increment .Other Funds (A+g-C-D-E) pg Pg Line Llne _ _ _ _ _ Pg pg Line Lina ~ _ _ pg pg Line Line - Pg Pg Line Llne - - _ Pg Pg Lino Lina _ _ _ _ Pg Pg Line ~ Line _ _ Pg Pg Line Lina _ _ Pg Pg Line Line _ P9 P9 Line Line P9 Pg Line Llna - Pg Pg Line Llne - _ Pg pg Line Line _ TOTAL-TH IS PAGE $ _ $ - $ - $ _ $ - $ 2009-10 ERAF paymenl to county STATEMENT (JF IIVi]EBTEC3hdESS -FISCAL YEAR I~C~EBTE®NESS Form A FILED FOR THE 2009-2010 TAX YEAR Page 9 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, 2090 Original Data Currnnt Debt Identification Date Principal TOrm Interest Rate Total Interest Total Outstanding Debt PrlncipaNnterest Due During Tax Year (A)2006 Earthquake Project Bonds 04/27/06 ~ 51,800,000 30 years 4.50% 32,302,558 70,130,282 3,51g,855 (S) 2002-03 Promissory Note -Parking Structures 06/20/03 60,000,000 Open 7.00% 32,550,000 $$,061,324 3,669.698 (C)2009-10 Reimb. Agreement 06!23/09- 2,617,900 Open Nana (D) 2009.10 20% Mousing Set Aslde 06/23/09 - 11,763,000 Opan None (E)2009-90 AB1290 Pass Through 06/23/09 20,097,000 Open Nono (F) 1996-97 Reimb. Agreement (6606) 1/02!97` 20,OD0,000 Open None 12,250,194 (G) 200$ Seismiv Retrofit Pkg Structure 074 ($809) 09/10/07 ~ 5,468,200 Open None 662,242 662,242 (H)2010-19 Reimb. Agreement 06/95/10 4,760,868 Open None 4,760,$68 4,760,868 (1)2010-4220%HOUSIng Set Aside 06/15110 13,274,000 ppen None 481,595,000 13,437,000 (J)20071338-425th St Coop Agrmnt (8684) 05/24107 6,000.000 Open None (K)2007430 Arizona COOP Agrmnt ($693) 0380/07 27,900,000 Open None (L) 2008 Parking Structure 1-6 Fagada Improve (8962) 12/02/08 1,721,102 Open None Sub Total This Page Totals Fonmarded From All Other Pages Total This Page ~ $ 657,479,910 883,981,340 $ 1,541,461,250 $ 26,049,663 34,445,925 $ 60,495,568 rwpwcm umuvicwrcss: (A) Refunding of 1999 bonds, reduced by 20% paid by low/mod fund (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 A61290 (Sec 33607.5 (b) of Ca Redev Law) (F) Commercial Steetscape Protect (G) Seismic Retrofit Pkg Structure 4 (H) Operating Expenditures (Q 20% Housing Set Aside (Per Sec 3334.2 of Ca Redev. Law) (J) Property acquisition (K) Property acquisition (L) facility improvement 5~'A7'EIVBEfVT OF IINDEEl"ED~lESS - FISCAL YEAR IhIDEBTEDRIESS FIfl.ED F®R 711E 2009-2010 TAB YEAR Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopmenk Project For Inde9stedness Entered into as of June 30, 2010 Form A Page 2 of 3 Original Data Current Debt Ideutificatio ' Data Principal Term interest Rata Total Intarest Total Outstanding Dabt Princlpal/lntarest Due During Tax Year (A)2000-01 Reimb. ggreement-Palisades Bluff (7954) 05/22/01 $ 1,500,000 Open None $ 71,951 $ 71,951 (e) Seismic Retroft of Parking Structures 7&8 (8078)° 96/19/01 8,950,200 Open Nane (C) 2002-03 Pk9 Structure Ped. Pgreement (8181) 01109!03 80,000,000 Open None 00,000,000 3,400,000 (D) 2007 Seismic retrofit Structure 2 (8734) 06/03/07 x89,500 Open Non® 184,639 184,639 (E)2002-03 Palisades BluffiHSg Oaop. Agrmnt (8180 01/09/03 50,000,000 Open Non¢ 46,279,415 2,000,000 F 2009-10 Admin Indirect 06/23/09 112,006 Open Nona (G)2010-42 Pass Throughs Per A61290 06115/10 721,674,000 Open None 721,674,000 17,843,000 (H) 2004-OS Seismic Retrofit Parkng Structre 5 (8449) 02/22/05 1,319,650 Open None (p 20082nd & 4th St Ped. & Streetscape Imp (8816) 10!24/07 2,531,000 Open Nons 1,113,602 1,113,602 (J)2005-065eismlc Retroft Structure4(8474) ~ 07!18!05 731,500 Open Nane 71,940 71,940 (tQ 2009 Parking Structures 7-B Faratle Imp (8949) 05/28/09 8,981,050 Open None 3,842,855 3,842,855 (L) Total This Pa e ~ .:. 833,238,402 28,527,987 Purpose of lndebtednass: (A) 2000.01 Reimb. Agreement -Palisades Bluff Projeck (B) Seismic retrofit of downtown parking structures" (C) 2002-p3 Seismic reVOff/rehabllitate downtown parking structures (D) 2007 Seismic retroffi structure 2 (E) 2002-03 Palisades Bluft stabilization project and affordable housing protects (F) Operating expenses (G) Pass Throughs Per AB1290 (Sec 33607.5 (b) of Ca Redev Law) (H) Seismic retrofit of parking structure 5 (p Removal of back structuro at 1657 Ocean Blvd. (J} Selsmlc retrofit of parking structure 4 (K)FaciliEy improvement (L) `Debt amount was increased from $8,950,200 to $10,866,200 per cooperation agreement dated 4/16!02. STATEftIIEdVT tJF INdEBTE®P~ESS - FISGAL YEAR I~®EBTEDNESS FILED F(3R TtiE 2009-2010 TAX YEAR Flame of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Project For Indebtedness Enfiered into as of June 30, 2040 - Form A Page 3 of 3 . priglnal Data - Current Debt Identification Date Principal Term Interest Ralc Total Interest Total Outstandin Debt Principal/Interest Due Durin Tax Year (A) 2010-11 Admin Indirect 06/15!10 $ T9,489 Open None - $ 79,489 $ 79,489 B) 2009-10 AB 2557 0623/09 1,338A00 Open Nane (C)2010-42 AB 2557 06/15/10 46,111,000 Open None 46,111,000 1,286,000 (D)2010-11 ERAF 06/15/10 4;295,350 Open None 4,295,350 4,295,350 (E) 2009 Pkg Btruc 7&8 Macerich(9097) 08106/09 476,01 B ppen Nona (~ 2010-11 Property 6asetl assessment tllstrict 07/24/08 257,099 Open None 257,099 257,099 (G) - (H) 0) (J) (I-) - Total 7his Page - -. .. - a .. - . ~ $ SQ742,938 $ 5,917,938 i, Purpose of lntlebtedness: (A) Operating Expentlltures (E) ERgF payment (B) Sidewalk and street improvement (F) Parking structure ImRrovement agreement (C) AB 2557 fees (G) Operating 2nd improvement agreement (D) AB 2557 fees (H) Operating and impravement agreement STATEVNEPIT C7F BfVDSBTEDNSSS - PC3ST FISCAL YEAR 1NDESTSDB~ES5 Form s F9LED FoR TI~I* 2oas-ao~o TAX YB=ABa cop~iot~aJ} Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area Earthquake Recovery Redevelopment Proiect For indebtedness Entered into post June 30,2010 as of October 1, 2010 Purpose of Intlebtetlness: (A) Based on estimated amounts in 2010 dollars. Actual amounts will 6e basetl (G) on construction bids. (H) (e) (I) (~) t~) (~) (~ (E) (L) (p) STATEMENT OF INDEBTEDNESS -CONSOLIDATED FILED FOR TH6 2010-11 TAX YEAR -Name of Redevelopment Agency Redevelopment Agency of the City of Santa tutonica Name o£ Pro]ect Area CaAfornia R 37/44 (Ocean Park) 4A Cover Page Current - Balances Carriad Forward From: Totat Principal6nterest Lino Outstanding Debt Duo During Tax Year lscal Period-Totals (From Ferm A, Page 7 Tgfals) ~ (1J 5 31,450.507 5 8,678,327 {Optional) Post Fiscal Period -totals (Fmm Form 6Totals) ~ 2) 773,223,570 1,263,097 stand TgtafS (3) 204,674,071 9,887,424 Available Revenues _ From Caiculalion ofAvailatrte Revenues, line? - (4) ~ 13,453,556 Net Requirement (5 3 t87,220,575 7 Cvnsolitlate on this farm au of the tlala Wntainnd, an Fo[mA and B (including sOpptemenhl pages). Form A is to include all indebtedness emered Into as of Jun© 30 of 1ho Fecal Year, Form a may be filled at the oplign of the agency, and Is to include indebtedness eNOrotl Into post June 30 of the Fiscal Year, pursuant to Health and Safety Code Sectign 33675(c}(2). This is opTonal far each agency and is not a requiramaniforfiGn9 the Statement OFlntlabiednass, t'he Reconailiafron Statement is to include indebtednessfrom FOrm Aonly. Cedi[cztlon of GhieE Financial Officer: Garol Swindell' Director of Finance Pursuant to Secvon 33675 (b) of the Health antl Safety Cotle, Name: ///}}},,, (~ /~,I ~~ /~ Tilde: I hereby curdfy rnat the above isatrue and axUmie Statement of ~(X/,~a //~neT/!// fntlebtedness iw the above named agency. ~~~f l ~R/ CALCULATION OE' AVAILABLE REVENUES AGENCY NAME PROJECT AREA TAX YEAR: 2010-2011 RECONCILIATION DATES: Redevelopment Agency of the City of Santa Monica California R 37/44 (Ocean Park) 1A JULY 1.2009 - TO JUNE 30.2010 1. Beginning Balance, Available Revenues (See Instructions) 2. Tax Increment Received -Gross AI! Tax Increment Revenues, fo include any Tax Increment passed through to other local taxing agencies. 3. All otherAvaila6le Revenues Received {See Instructions} 4. Revenuesfrom anyothersource,incfuded in Column E of the Reconcifiaton Statement, but not included in {1-3) above 5. Sum of Lines 1 through 4 6. Total amounts paid against indebfedness _ in previous year. (D + E on Reconciliation Sta#ement) 7. Available Revenues, End of Year (5 - 6) FORWARD THIS AMOUNT TO STATEMENT 4F INDEBTEDNESS COVER PAGE, LME4 NOTES $ 12,103,550 3,545,265 122,743 15,771,558 2,318,002 $ 13,453,556 Tax Increment Revenues: The onEy amounf(s} fo be excluded as Tax Increment Revenue are any amounts passed through to other focal taxing agencies pursuant to Health and Safety Cade Section 33676. Tax Increment Revenue set-aside in the Low and Moderate Income Housing Fund wiflbe washed in the above calculation, and therefore omiffed from Available Revenues at year end. Item 4, above: This represents any payments from any source otherthan Tax Increment Oft 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 Reconci€iation Statement as fiully repaid under the "other" column (Col. E}, but with funds that were neither Tax Increment, nor"Available Revenues" as defined. The amounts used fo satisfy this DDA would be included on line 4 above in order to accurately determine ending "Available Revenues". ~~co~ci~.o~TOO~ srAY~M~~T - c~,a~G~s i~ E~~~e~~®~~ss Page 1 of 2 Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocoan Park) 1A Tax Year: 2009-2010 Reconciliation Dates: From July 1, 2009 to June 3D, 2010 A B C D E F Debt Identification: Outstanding Debt Ad ustments Amounts Peid Against Remainin SOI, page a nd line: Brief All Beginning Increases peaaases Indebtedness from: g Balan Prior Yr Current Yr Description Indebtedness (attach explanation) (attach explanation) Tax Increment , . Other Funtls ce (A+B-C-D-E) Pg 1 Pg 1 LineA LineA Santa Monica Note#2" $ 5,183,623 $ 198,705 $ $ $ - $ 5,302,328 Pg 2 Pg 1 200940 20% Hqusing Set LineD Line6 Aside"*" ~ 702,370 8,683 709,053 - P9 1 Pg 1 ~ Line C Line C Santa Monica Note #5" 650.907 14,906 - - 665,$13 Pg 1 Pg 1 Line D Llna D Rehab Off-Site Housing 588,378 - - 134,864 - 453,514 P9 1 Pg 1 Line E Lina E OP Refunding Bonds-2002"" 11,755,940 - 1,181,037 10,574,903 Pg 1 Pg 1 LinaF LineF 1988-es 20%Shortralt 980,383 - - - 180,383 Pg 1 Pg 1 LIneG LineD 1990-s120%Set ASlde 2,500 - - - 2,500 P9 1 Pg 1 LineH LineH 1991-9220%Shortfall 32,582 - - 32,582 TOTAL-THIS PAGE $ 19,096,663 $ 140,294 $ - $ 2,024,954 $ -. $ 17,212,023 OTALS FORWARD 379,161 14,165,715 13,350 293,048 - 14,238,478 GRAND OTALS ,4 44 14, ,4 NOTE: This form is to reconcile the previous S4afemenf of Indebtedness to the curcent one being filed. However, since the reconcilia4ion is limited by law to a July 1 -June 30 fiscal year period, only those items included on the SOI Form A is 40. bo inctuded on this document. To assist in following each item of indebtedness from one SOl to the next, use page sand line number references from each SOI than the item of indebtedness is listed on. If the indebtedness is new to this fiscal year, enter "need' in the "Prior Ye" page antl I(ne columns. Column F mus4 equal 4he current SOI, Form A Total Outstanding Befit column. - `Adjustment reflects accrued Interest For FY 20os-1 s. `" Ocean Park Refunding Bands adjustment reflects a0% fnandng by Ocean Pad<Fund and 20% financing by LowlMod Housing Fund. «`"Adjustment reflects increase/decrease in estimate used on the previous SOL F:EC(~NCILIATION STATEMENT -CHANGES iN INDEBTEDNESS _ Page 2 of z Name of Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37lA4 Ocean Park 1A Tax Year: 2009-2090 Reconcitiation Dates: From July 9, 2009 to June 30, 2010 A B C D E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Agalnsi Remainin Sol, page a nd line: Brief All Beginning . Increases Decreases Indebtedness, from: g Balance Prior Vr Current Yr o¢scri tlon Indebtedness (attach explanation) (attach explanation) Tax Increment Other Funds (A+B-C-D-E) Pg 1 Pg 1 Line 1 Line I 1992-93 20% Shortfall $ 72,763 $ - $ - $ - $ - $ 72,763 Pg 2 Pg 1 2009-10 Reimb. Agreement*" Line C Lin¢ J (7117) 189,900 299 189,601 Pg 2 Pg 2 Linea LIneA 2009.10 Admin lntlirect 49,498 270 49,228 P9 NEW Pg 2 Line Line B 2010-11 Admin Indirect 92,680 92,680 Pg NEW Pg 2 2010-11 Reimbursement Llnc Lina C Agreement (7517) - 184,035 184,035 P9 NEW Pg 2 Line LineD 2010-2820%HOUSin9 Set ASitlo 12,675,000 12,675,000 P9 NEW Pg2 Line Line E 2010-28 AB 2557 - 1,214,000 1,21x,000 Pg2 Pg2 Line E Line f 2009.10 AB 2557 67,000 - 12,781 54,219 _ Pg Pg Line Line - Pg Pg Line Line - - Pg Pg Line Line TOTAL-TH IS PAGE 9 379,161 $ 14,165,715 $ 13,350 $ 293,048 $ - $ 14,238,478 STATEMIENT CPF IlVDEBTEDIVESS - FISCAL YBAR lIi9D1=BTEDf~lESS Form A FILED FOR TliE 2009-20'!0 TAX YEAR Page 9 of 2 Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name ofi Progect Area California R 37!44 (Ocean Park) 1A For Indebtedness Entored into as of June 30, 2010 Ori anal Data Current Intorest Total Total PrincipaV(nterest Debt Identification Date Principal Term Rata Interest Outstanding Debt Due During Taz Year ' .5%Above (A) Santa Monica Note #2 06/30/81 $ 855,368 Demand CSM Rate $ - $ 5,302,328 $ 5,302,328 (B) 2009.11120% Housing Set Aside 06/23/09 702,370 Open None 5%Above (C) Santa Monica Note /k5 09/14/83 157,521 Demand. c3M late 665,813 665,813 (bj Rehab Off-Sipe Housing 05/08/84 2,810,500 50 Years None 453,514 132,206 (E) OP Refunding Bonds-2002" 05/02/02 13,250,09D 16 ears 5,03% 6,014,979 19,574,903 1,181,037 (F) 1988-8920% Shortfall ~ 12112/89 180,383 0 en None 180,383 180,383 (G) 1990-91 20%Shortfall 01!14192 15,030 Open None 2,500 2,500 (H)1991-9220%Shortfall 01/26/93 32,582 Open None 32,582 32,582 (p1992-9320%Shortrall 12114/93 72,763 Open None 72,763 72,763 (J) 2009-10 Reimb. Agreement (7117) 06/23/09 ~ 189,90D Open None Sub Total, This Page ~ $ 17,284,786 $ 7,569,612 ota s Fonvar e From All Other Pages ~ 14,165,715 1,048,715 Total This Page $ 31,45D,SOi $ 6,618,327 rurpaso or maenrnaness; (A) Redevelopment and operation costs (F) Law and moderate income housing fund (B) 20% Housing Set Aside (G) Low and moderato income housing fund (C) Federal project portion closeout casts (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 refundingof Ocean Park 1992 hoods (J) Operating Expenditures "Interest is accrued annually if total amount awing is not paid. ' ••Adjusted to reflect 80%financing by Ocean Park Fund and 20% financing LowlMod hlousing Fund ' STATEMENT OF INbEETEDNESS -FISCAL YEAR INDEBTEDNESS Form A FILED FOR TI•IE 2Q®9-2010 TAA YEAR Page 2 of 2 Name of Redevelopment Agency Redevelopment Agency of the City of Santa Monica Name of ProjectArea California R 37/44 (pcean Park) 1A For Indebtedness Entered into as of June 30, 2010 Driginal Data Current Debt Identification Date Principal - Term Interest Rate Total Interest Total Outstanding Debt Principalllnterast Due boring Tau Year (A} 2009-10 Admin IndlrecE 06123/09 $ 49,498 Open Nane $ - $ - $ (B) 2010-11 Atlmin Indirect 06/15110 92,680 Open None 92,680 92,680 (C)2010-11 Reimbursement Agreement 06/15!10 184,035 Open None 184,035 184,035 (D)2010-2820%Housin Set Aside 06/15/10 12,675,000 Open None 12,675,000 704,000 (E)2010-28 A62557 06!15/10 1,214,000 Open None 1,214,000 G8,000 (F)2009-1U AB 255/ 06/23/09 67,000 Open None (O) (H) (i) (~) (~ (L) Total This Page $ 14.165,715 $ ~ 1,048,715 Purpose of Indebtedness: (A) Operating Expenditures (O) (B) Operating Expenses (H) (C) Ope2ting Expenses (i) (D) 20% Housing Set Aside (Per Sec 33334.2 of Ca Redev Law) (,1) (E) AB 2557 fees ~ ~ lK1 (F) AB 2557 fees (L) STATEMENT OF INDEBTEDNESS -POST FISCAL YEAR INDEBTEDNESS Form B FILED FOR THE 2009-2D10 TAX YEAR ~~Ptf®~ai) Name of Rodevolopment Agency Redevelopment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1A For indebtedness Entered into post June 30, 2010 as of October 1, 2010 Purpose of Indebtedness: (A) Based on estimated amounts in 2010 dollars. Actual amounts will be basetl (G) on constructlon bids. (ry) (B) 0) (C) (~) (B) (~ (E) (~) (F) STATEMENT OF [I~DEBTEDNE3S - CON30~,{DATED FILED FOR THE 2x90-99 TAX YEAR Name of Redevelopment Agency Redevelo~tment Agency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park)1 B Cover Page _ currene Balances Carristl Forward Frorn: ~ Totai _ Pdncipaillnterest" 3.irse Outstanding Debt DueDwing Tax Year FisWl Period-Totals (From FormA Pagel Totals) (1) S S,k77,872 S 1,123,468 (Optlonary Post Ftsual Period. TOrals (From Farm BTOials), (2) 23,648,628 209,863 Grand TOYelS (3) 29.123,943 7,333.331 Available Revenues From CalCUiaSOn of Available ftevanues,Line? (4} 1,t92,S15 Net Requirement (5) S 27,931,426 CoruWidate on Fhis form all of the data mniairted on Form A and B [ru:luding supplemental pages). Form A Is tc include aii Indebtedness enteretl imo as of June 30 of the Fiscal Year.'FOrm 8 may be flll¢d of the opibn of the agency, antl Is to Inclutle Indebtedness e+tterad into post June 30 of the Flscsi Year, pursuant to Health and Sdfe(y Code Sedlon 33574(c)(2). This iS optional for etch agency and is not a requirementfor fiiing the Statement oflndebtedrsss. The Rexnciliaiian Statement isle include indebtedness from Fonn AOnq. Certification of Chief Fir~andai Officer: Carat SNindell Dlredor of Finance Pursuant to Sedlon.33675 {b) of the Real91 and Safety Cotle, Nam___~/~ / YiUe: I hereby ceAftythat the above is a true and aauram 5tatementof _____!^F/~~ Indebtedness for the above named agensY. Signature: Date:9/28!10 CAL~ULATIQP! QF AVAILABLE REVEf~UES AGENCY NAME PROJECT AREA fiAX YEAR: 2016-2011 RECONCILIATION DATES: Redevelopment Agency of fhe City of Santa Monica California R 37144 (Ocean Park) 16 JULY 1.2009 TO JUNE 30. 201@ 1. Beginning Balance, Available Revenues (See Instructions) 2. Tax Increment Received -Gross All Tax Increment Revenues, to include any Fax Encrement passed through to other IocaE taxing agencies. 3: All other Available Revenues Received (See Instructions} 4. Revenues from any other source, included in Column E of the Reconcilia4ion 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 TFlIS AMOUN7 TO STATEMENT OF INDEBTEDNESS COVER PAGE, LINE 4 NOTES $ 1,048,773 484,588 12,778 1,546,139 353,624 $ 1,192,515 Tax Increment Revenues: The onEy amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing agencies pursuan4 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 agencyfunds a projectwith a bond issue. The previous SOI include a Disposifion Development Agreement (DDA) which vvas fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statemen4 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". FtEGONCIL1ATl®~9 $1"ATE6VIEN~T - CFIP.h~GEB 6~ $N~EB~E~~E~$ Page 1 of 2 Name off Agency Redevelopment Agency of the Cit of Santa Monica Name o8 Project Area California R 37!44 (Ocean Park) 1 B Tax Year: 2009-2010 Reconciliation Dafes: From July 1, 2009 to June 30, 2010 A B C D E F Debt Identifcation: Outstanding Dabt Adjus tments Amcunts P aid A ain t 501 g s Remaining , page a nd line: grief All beginning Increases Decrease s Indebtedn ess, from: Balance Prior Yr Current Yr Description Indebtedness (attach ex0lanation) (attach explanation Tax Increment Other FUnds (A+B-C-D-EJ Pg 1 ~ Pe 1 Line A Line A Santa Monica Note #2` $ 656.307 $ 15,258 $ ~ $ - $ $ 681 565 Pg 1 Pg 1 2009-10 20% Housing Set - , LinaJ Line6 Aside** 83,630 13,287 96,917 - P9 1 Pg1 Line C Line C Santa Monica Note #5* 83,534 2 050 - P9 1 P91 , - $5,584 Line D Line D Rehab Off-Site Housin 631,073 - 17 336 61 Pg 1 Pg 1 , 3,737 Line E Line E OP Refunding Bonds-2002 1,953,819 - 196,265 1 757 346 Pg 1 Pg 1 2009-10 Relmb. Agreement`" , , Line I Line F' (7117) 24,490 3,980 28,470 - - Pg 1 pg 1 LInaH LinaG 2009-10 Admin lndfrect 7,911 269 8180 Pg NEW Pg 1 Line Line H 2010-11 Admin Indirect - 15,401 - - 15,401 TOTAL-TH IS PAGE $ 3,450,556 $ 50,245 $ - $ 347,168 $ - $ 3 153 633 TOTALS FO RWARD 9,000 2,323,879 2,544 6,456 - , , 2,323,679 GRANp TO TALS $ 3,459,556 $ 2,373,924 $ 2,544 $ 353624 $ - $ 5,477,312 FiECO~CILl~41'fOP~ $TP.1'EIVVBENT - CW,4PVG~$ 9P~ ltd®E~TE97iVES$ 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: 2009-2030 .Reconciliation Bates: From July 1, 2009 to June 30, 2010 A B C D E P Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining S01, page a nd line: Brief All Beginning Increases Decreases Indebted e f Prior Yr Current Yr Description Indebtedness {attach explanation (attach explanation) n Tax Increment ss, rom: Other PUnds Balance (A+B-C-D-E Pg NEW Pg 1 2010.11 Reimbursement ' Line Line I Agreement (7117) $ - $ 23,679 $ - - $ - $ 23,1179 Pg NEW P91 Line Line) 2010-2820%HOUSIng Set Aside - 2,100,000 - - 2,100,Op0 Pg NEW Pg2 Line Llne K 2010-2& AB 2557 200,000 - - - 200,000 P9 NEW Pg2 Llno Line L 2gpg-10 AB 2557 9,000 - 2,544 6,45G _ _ Pg Line Llne - pg pg Line Clne Pg Pg Line Line Pg P9 Line Llna TOTAL-THIB PAGE $ 9,000 $ 2,323,679 $ 2,644 $ 6,456 $ - $ 2,323,679 NOTE: This form is to reconcile the previous Statement of Intlebtedness 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 501 Form A is to be 6ncluded on this document. To assist in following each item of indebtedness from ono SDI to the nex4, use page and line number references from each SO] 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. ~+ulumniem reiiecis accruee ~ptereat for r Y 11109.10 ** Adjustment reflects Increase/decrease in estimate used on the previous SOI. SYeATEME~T OF IIVDEBI'EDlIIESS - FtlSCAL YEAR 9IVDEB-fEDtdESS Form A FILED FOR TFtlE 2009-20'tl0 TAX YER+R Page 1 of 1 Name of Redevelopment Agency Redeveopment Agency of the City of Santa Monica Name of Protect Area California R 37/44 (Ocean Park) t B For Indebtedness Entered into as of June 30, 2010 Original Data ~ Curren4 - Interest Total Total Princlpalllnterest Debt Itlentlflcation Date Principal Term Rate Interest Outstanding pebt Due During Tax Year 5 % Above (A) Santa Monica Note #2 ~ 06/30/81 $ 387,899 Demand CSM Rate $ - $ 881,565 $ 681,565 (8)2009-1020% Housing Set ASide 06/23/09 83,630 Open None _ 5% Above (q) Santa Monica Note #5 09/14/63 123,316 Demand CSM Rate g5,5gq 85,584 (D) Rehab Off-Site Housing ~ 05/08/84 1,093,500 50 Years None 613,737 16,994 (E) OP Retundin Bonds-2002° 05/02(02 2,201,910 16 Years 5.03% 999,574 1,757,346 196,265 (F) 2009-10 Reimb. Agreement 06/23/09 24;490 Open None (G 2009-10 Admin Indirect 06123/09. 7,911 Open None (H) 2010-11 Admin Indirect 06/15/10 15,401 Open None - 15,401 15,401 12010-11 Reimbursement Agreement 06/15/10 23,679 Open None 23,679 23,079 (J}2010-2820%HOUSing Sef ASide 06/15/10 2,100,000 Open NOne 2,1G0,000 95,000 (K .2010-28 AB 2557 06/15/10 200,000 Open ~ None 200,000 9,000 (L) 2009-10 AB 2557 O6/23t09 9,000 Open None Sub Total, e This Page $ 5,477,312 $ 1,123,488 Totals Forwarded From All Other Pages ~ _ alai This Pa e $ 5,477,312 $ 1,123,488 Purpose of Indebtedness: (A) Redevelopment and operation costs (B)20%Housing Set ASide (C) Federal project portion closeout costs (D) Lease of units at 175 Ocean Park Boulevard Series 1992 (E) Advance Refunding of pcean Park 9992 Bonds (f--) Operation Expenditures (G) Operation Expenditures (H) Operation Expenditures . (ry Operation Expenditures (J) 20% Housing Set Aside {Per Sec 33334.2 of Ca Redev Law) (K) AB 2557 fees (L)AB 2557 fees STATEMENT dF IIVDEETEDNESS - PdST FISCAL YEAR IPdDEBTEDIVESS Forrn B FILED FOR THE 2009-2010 TAX YEAR Optional) Name of Redevelopment Agency Redevelopment F~gency of the City of Santa Monica Name of Project Area California R 37/44 (Ocean Park) 1 B Forlndebtedness Entered into postJUne 30,2010 as of October 1, 2010 Purpose of Indebtedness: (A) eased an estimated amounts in 2010 dollars. Ac[ual amounts will be based (G) qn constructign bids. - lH) (a) P) (~) (~) (~) (t~ (E) (t) (F) Attachment D California Department of Housing and Community Development Redevelopment Agency Annual Housing Activity Report Fiscal Year 2009-2010 - CALIFORNIA DEPARTMENT OF HOUSNG AND COMMUNTTY DEVELOPMENT REDEVELOPMENT AGENCY ArNNUAL HOUSING ACTIVITY REPORT FY F.,NDINO: 06 l 30 tom? 12 Agency Name and Address: ~ County of Jurisdiction: n+,. ,.f cam.,+., nnr.ob~ aohc„c~nrlmenT /1qr my tos Angeles ~ ~~ .. e+ t ~ ~ ~ .Did the Agency pay SERAF from LMIHF? Q Yes ^ No Health & Safety Code Section 33080.1 requires agencies (RDAs) to annually report on their Low & Moderate Income Housine Fund and housin¢ activities for the Department of Housing and Community Development (HCD) to report on RDAs' activities in accordance with Section 33080.6. - Please answer each auestion below. Xour answers determine how to complete the HCD report. 1. Check one ofilreitems below to identify the Agency's Staters atthe end of the reporting period: ^ New (Agency formation occurred durine reDOTdnC year. No Pnancial transacfions were completed). ' ^/ Active (Financial andlor housing transactions occurred~dming the reporting year) ^ Inactive I~Io financia3 andlor housin¢ hansactions occurred durine the re oo rtm>; vear}. ONLY COMPLETE ITEM 7 Dismantled (Agency adopted an ordinance and dissolved itself before start ofrepoHing year}. ONLY CONIl'LETE ITE'svS 7 2. During reoortine vear, how many adopted project areas existed? 4 Ofthese, how many were meread durine vear? ~ If the agency has one or more adonfed nroiect aeeas complete SCHEDULE HCD-A for each nroiecf area. If the agency has no adopted protect areas DO NOT complete SCHEDULE HCD-A (refer to next auestionl. 3, within an area outside ofany adopted project area(s): (a} did the agency deshny or remove any dwelling units or dispiaee any households over the reporting period, (b} does the agency intend to displace any households over the next reporting period, (c) did the agency permit the sale ofany owner-occupied unit prior to the expiration ofland use conU'ols over the reporting period, and/or {d) did the agency execute a contract or agreement for the construction ofany affordable units over the ^ext twoyears? ^/ Yes (any question}-. Complete SCHEDULE HCD-B. ^ No (all questions}. DO NOT complete SCHEDULE HCD-B (refer to next question). 4. Didthoagency'sLow&ModeratelnwmeHousingFundhaveanyassetsduringthereportingperied? ^/ Yes. Complete SCHEDULE HCD-C. ^ No. DO NOT complete SCHEDULE HCD-C. - 5. During the reporting period, were housing units eompleted within aproject area and/or assistedb+~the ageney outsideaproject area? ® Yes. Complete all applicable HCD SCHEDULES Dl-D7 for each hausinp protect completed and HCD SCHEDULE E. ^ No. DO NOT complete HCb SCHEDULES Dl-D7 or HCD SCHEDULE E. 6. Specify vvhethex method A and/or B was used to report financial and housing activity information to HCD: ^ A. Forms. AllrequiredHCDSCHEDULESA B. C.DI-B7.andEazeattached. Q B. On-line(hup.•//rrunrzhcdcagwhda~"Lack Report date: -. HCD SCHEDULES not required. - (loch date is shown under "Adnrin"Area and "Report Change History 7. To the best ofmy knowledge: (a) the representations made shove and (b) agency information reported are correct. Date , Signature of Authorized Agency Representative Redevelopment Administrator Title (3'10) 4b8-2232 Telephone Number ® IFNOTREQUIRED TOREPORT; SUBMlTONLYAPAPER COPYOFTHISPAGE. a IFREQUIRED TO REPORT, AND REPORTINGBY USINGPAPER FORtYIS {INPLACE Ol^ REPORTING ONLINE), SUBhHT THISPACEANDALLAPPLICABLEHCD FORMS (SCHEDULESA ~ WIIHA COPYOFAGENCY'SAUDIT. a 7FREPORTINGOA'--LINE PR)NTAND SUBMIT`CONFIRMATIONLETTER"UPONLOCI(INGREPORT o MAILACOPYOF(a)CONFIRMATIONLETTER[IFHCI}REPORT4YASELECTRONICALLYFILED)OR {6)COMPLETED FORMSAND (c)AUDITREPORT TO BOTHACDANDTHESCO: Deportment ofllansirtg Nc Coenmunfiy Development Division of HousingPoticy Redevelopment See6on - 18003id Street, Srrite 430 Sncrrrmenfo, CA 95814 Redevelopment Agency Annual Report -Fiscal Year 2009-?m 0 (Revised: t0-13-1e} The State Controller Division ofAccountirsg nndRepor@ng Local Government Reporting Section 3301 CS[reet Suite SOP Sacramento, CA 95816 HCD-Cave[ Page 3 of 1 scHEDULE HcD-A Inside Project Area Activity for Fiscal Year that Ended 06 130 / 2010 Agency Name: Santa Monical2edevelopmentAgency FrojectAreaName:Downfown Preparer's Name, Title: Gigi necavalles-Hughes, Adminis-;raWe Services Oitlcer preparer's E-Mail Address: 9i91~decavalles@smgov.net Preparer's Telephone No: (310) 458-8757 Preparer's Facsimile No: {310) 391-9996 1. Project Area information GENERAL INFORMATION 1. Year Is` plan for project azea was adopted: 1976 2'. Year that plan was Iast 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 / 13 / 2019 - mo day yr b. [fpeoject area name has changed, give previous name{s) of number: NIA c. Year(s)ofany mergers of the projecfarea:N/A , Identify former project areas that d. Years} project area plan was amended involving real property that either: (1) Added property to plan: N/A ,_,_~ (2} Removed property from plan: ~ NIA ,_~_ 2. Affordable Housing Replacement andtor Inclusionatybr 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. Sf the agency has elected to apply all or part of Section 33413, provide the date ofthe resolution and the applicable Section 33413 requirements addressed in the scope of the resolution. NfA Date: / / Resolution Scope (applicable Section 33413 requirements}: mo day yr Post-1975 project areas and neo rg-.arohie areas added by amendment after 1975 tonee-1976 roroieet at'eas: Both replacement and inelusionary or production requirements of Section 33413 apply. NOTE: Amounts to report on HCD-Alines 3a{1}, 3b-3f, and 3i. can be taken from what is reported to the Sfate Controller's Office (SCO} on the SfaYement of Income and Expendifures as part of fhe Redevelopment Agency's Financial Transactions Report, except for the reclassifying of Transfers-In from Internat Fonds 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 reporfing gross tax increment on HCD-A, Line 3a(1} and report the Housing Fand's share of expenditures for debt service an HCD-C, Line 4c. Do not renm•t "neT" fends Yransferred ftrom the Debt Service Fund on HCD-A. Line 3a(7} when reporting debt service expenditures on IICD-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' CatifomiaRedcvetopment Agernies-Fiscal Year 2009-20t0 HCD-A Sch A (Revised: 9-28-2010) ~ Page 1 of 10 Agency Name: Santa Monica RedevelopmentAaencV Project Area Name: Downtown Line 3d. Housing fund receipts for the repayment of loan principal should he included on HCD-A Lure 3h(I) ar on Lina 3h(2} if the repayment of loan principal is a resuh of the FY2009-10 and/or FY2010-ll. S1rRr1F. CaliComia Redevelopmer.[Agencies-Fisa3 Yrar 2009-2010 - HCD-A Scfi.4 (Revised: 9-28-10) Page 2 of 10 Agency Nune: Santa Monica Redevelopment Agency Project Area Name: Downtown Proiect Area IIousine Fund Revenues and ©thcr Soue•ces 3. Report alb revenues and other sources of funds from this project area which acerged to the Housing Fund over the reporting year. Any income related to agency-assisted housing located outside the pxojeci area(s) should be reported as "Other Revenue" on Line-3j. (ofthis-Schedule A), if this Proiect area is named as bene8ciarv in the autborizine resolution. Any other revenue sources not reported on lines 3a.-3i., shotdd be reported on Line 3j. Enter on Ltne 3a(1 }the full 100% ofgrass Tax Increment al located pria• to applicable pass throuelr of fiords and deductions for fees (refer to Sections 33401, 33446, & 3367b}. Compute the required minimum percentage (%) of gross Tax Increment and enter the amount on Line 3a(2j(A) or 3a(2)(B}. Report SERAF on Line 3a(3}. Next, on Line 3a(4), report the amount of Tax Increment set-aside allotted before any exemption and/or deferral. To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(7)], subtract allowable amounts exempted [Line 3a(5)] and/or deferred [Line 3a(6)] from the net amount allocated to the Housing Fund [Line 3a(4)]. a. Tax Increment: , (1) 100%ofGross Allocation; $ 1,228,313 (2} Calculate only 1 set-aside amount: either A or B below: (A) 20%requiredby 33334.2 (Line 3a{1)x20°.6}: $ 245,663 (B) 30%required by 33333.10(g) (Line 3a(1) x 30%): $ (Senate Bt11211, Chapter 741, Statutes of 2001) (3) Subpplemental Education Revenue Augmentation Fund (SERAF}: (A) SUSPENSION: Only allowed in FY2009-10. ~ ($ ) H&SC Section 33334.2(k) allows agencies to suspend atl or part ofthe set-asidealioeafian on line 3a(2) to pay FY2009-10 SERAF (oomplete Sch A, page 3, #4 and Sch-C, page 9) - (B) SERAF REPAYMENT of FY2009-10 SUSPENDED amount $ (complete Seh A, page 3, #4 and Sch-C, page 3, Se and page 9). (4) Net amount of tax increment allocated to Horsing Fund $ 245,663 Ifthe net amount of set-aside allocated is less than the required minimum, identify the project area(s) making up any difference and explain on page 4, box #5 [per 33334.3(1}]. (5) Ammmt Exempted (H&SC Sectirnt 33334.2) ($ .~ [if there is an amount exempted, also complete page 3, #5a(1) - (2}]: (6) Amount Deferred {H&SC Section 33334.6) - ($ ) - [if there is an amount deferred, also complete pages 4-5, #Sb(] } - (4)]: (7} Toted deposit to the Housine Fund (Net result of L'me 3alAl throueh 3x(611: $ 245,663 b. interest Income: $ ~ 5,695 o. ~ Rental/Leaselncome (courbine amo:rnrs separately reported Zo the SCO): $ d. Sale of Real Estate: - - $ e. Grants (combine amovrnts sepma[eZy reprn~ed do the SCO}: ~ $ £ Bond Administrative Fees: $ g. Deferral Repayments [also complete, page 4, Line 5b(3)]: $ h. . (1} Loan Repa}nnents (other than SERAF): ~ $ (2) SERAF LOAN Repayments (also complete Sch-C, page 3, 8e and page 9) - $ i. Debt Proceeds: $ -- j. Other Revenue(s) [Explain and identify amount(s)]: $ $ $ a California Redevelopment Agencies-Fiscal Yeaz 2009-2aID - ~ HCD-A schA(Revised: 9-2a-[a> Page 3 of 10 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Downtown k. Total Project Area Receipts Deposited to I-lousing Pund (add lines 3a(7) and 3b - $ - 3j.): 251 358 California Redevelopment Agencies-Fiscal Year2009-2010 ~ - HCD-A SchA(Revised: 9-28-10) Page4 oi't0 Agency Name: SantaNtonicaRedevelopmentAAency Project Area Name: Downtown _ Supplemental Educational Revenge Augmentation Fund (SEtZAL+'1 Suspension of Property Tas Revenue Deposit 4. Check box below and provide information only if the agency, between 3uty 1, 2069 and June 30, 2010, exercised suspension option (Sch A, page 2, Line 3a(3){A) and did not make the required minimum allocation and deposit of tax increment to the Housing Fund for the purpose of using suspension funds to meet the Fiscal Year 2009-10 SERAF obligation. Note, pursuant fo Health and Safety Section 33334.2(k), repayment is required before-lone 30, 20li. N/A ^ SERAF [H&SC Section 33334.2(k)]. In FY2009-10 fhe agency exercised option to suspend allocating and depositing a portion of the mvrimnm 20% of gross property tax increment. Instructions: Please include ameunfs for ALL &scal ors between FY2009-70 and FY2014-IS' (in addition to the current reporting fiscal year) to reoord agency compliance with repayment requirements as referenced in H&SC Section 33334.2(k)(1}(2){3). Also report Uie cumulative total suspended and repnid nmouals ((rpm all project nreas) in Scltedide `C', page 9, box 23. Fiscal Years Applicable to Col 1 Co12 ~ Col 3 x SERAF Suspension and - Remaining SERAF Identify SERAF Identify any SERAF Baiance Repayment Deposit Amount Suspended Repayment (Deposit) _ (prior year Col 3 FY 2009-2010 Made in Fiscal Year minus Current year Repayment Col 2} - 2069 - 2010 $ $ 2010-2011 - $ $ 20I 1 - 2012 $ - $ 2012 - 2013 $ $ 2013-2014 - $ $ 2014-2015 $ $ t Exemption(s) and Deferral(sl 5. a.{1} If an exemption was claimed on Page 2, Line 3a(5) to deposit Less than the required amount, complete fhe following informafion: N!A Check only one of the Health and Safety Code Sectioris below (Nate: rip rinnual Findin¢ is required to be szrbnzitted to HCDJ ^ 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 ht value to minimum set-aside % (20% or 30%) and has specific contractual obligations incurred before May I, 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 prioa to IYlay 1,1991 may pat be sntr]ect to the exemption sunset. ^ Ctther: Specify code section and reason(s): (2) For any exemption claimed on Page 2, Line 3a(5) and Line Sa(1) above, identify: Date that initial (I°`l findine was adopted: 1 / 'Resolution # / / mo day yr California RedevelopmentAgeneies- Fispl Ye°~ 2609-207 0 Sch A (Revised: 4-28-10) Date sent to HCD: mo day yr HCD-A Page 5 of t 0 Agency Name: Sanfa Ntonica Redevelopment Agency Adoption date of reporting veu finding: I / ---- ~ mo day yx )ixemutionsand Deferrals continued Project Area Name: Downtown Resolution # _ Date sent to HCD: mo day yr BOX #S Identi8catlon of Project area and explanation if set-aside deposit is LESS THAN the required minimum Refer to Seh A, page 2, Line 3(a)(4): Deferralfsl - - - 5. b.{1} If a Deferral was claimed on Page 2, Lice 3a(6) to deposit less than the required amount, complete the following information: N!A Check only one of the Health and Safety Code Sections below . ^ Section 33334.6(4): Applicable to project areas approved before 1986 in which the requh'ed resolufion 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 Secrion 33334.6(e) expired. It was only allowable in each ffscal year prior to July 1, 1996 wiffi certain vestrietions. ^ Other Health & Safety Code Section here: (2) For any deferral claimed on page 2, Line 3a(6) and Line 5b(1) above, identify: Date that Initial (F"1 flnding was adopted: _I I Resolufion~ // mo day N' Adoption date ofreporfing_year finding: Resohrtion g Date sent to HCD: mot r~/yr Date sent to HCD: I I mo ~ da ~ mo day yr y Yr (3} A defeaved set-aside per fo Section 33334.6(4) constitutes indebtedness to the Housing Fund. Summarize the amount(s) of set-aside deferred and repayments made daring the reporting year and the cumulative amount deferred as of end of FY: Califonua Redevelopmen[Agencies-Fiscal Year2004-2010 HCD-A Sch A (Revised: 9-2&l0) Page 6 of 10 Agency Name: Area Name: Downtown ~ "The cuarulatiye amount of deferred set-aside shoadd also be shmrn om HCD-C, page 3, Line Sa. ~ If the prior PY cumulative deferral shovnr above differs from what was reported on the last HCD report (HCD-A and HCD-C), indicate the amount of difference and the reason (use box above ifneeded):' Difference: $ Reason{s): Defersal(s7 continued (4) Section 33334.6{gj t'equires any agency which defers set-asidas 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 Q If yes, by what date is the deficit to be eliminated? ( / mo day yr If yes, when was The orieinal plan adopted for the claimed deferral? / ! - mo day yr Identify Resolution # ~ Date Resolution sent to HCD / / mo day yx When was the last amended plan adopted for the claimed deferral? t/ mo day yr Identify Resolufion # Date Resolution sent to HCb / / mo day yr Actual Proiect Area Households Displaced and Uaits and Bedrooms LosE Over Reoorfia¢ Year: 6. a. 6. Other Activity. Pursuant to Sections 33080.4(a}(1) and (a)(3) based on activifies other than the destruction or removal oP dwelline units and bedrooms reported on Line 6a report by income category the number of elderly and nonelderly households permanently displaced over the reuortine year: Namher of Households Other Activity VL L PA AM Total Households Permanently Displaced -Elderly 0 Households Permanently Displaced - Noh Elderly 0 tiouseholdsPermanentlyDisplaced-Total p 0 c. - As required in Section 33413.5, identify; over the reaortin2 year, each replacement housing plan required fo be adapted before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impactingthe households reported on lines 6a. and 6b. Califonua Redevelop`aen[Age~ies-Fiscal Year 2004-2070 HCD-A Sch A (Revise3 9-28-t 0) Page ? of 16 Redevelopment Proiect Activity. Pwsuant #o Sections 33080.4(a)(1) and (a)(3), report by income category the number of elderIyand noneldeely households permanently displaced and the number of units and bedrooms removed or destroyed, over the reportine year, (refer to Section 33413 for unit and bedroom replacement t'equirements}. Agency Name: Santa Monica Redevelopment Agency _ Project Area Name: Downtown Date ~. / ( Name of Agency Ctstodian mo day ye Date / / Name of Agency Custodian mo day yr Please attach aseparate-sheet ofpaper listing any additional housing plans adopted. CblifumiaRedevelopmaatAgencies-FiecaLlear2009-2010 HCD-A Sch A <eevued 9-za-lo) Page 8 of 10 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Down#own Estimated Proieck Area Households to be Permnnently Disalaced Over Curren4 FYscat Year: 7. a. As required in Section 33680.4(a)(2} for a redevelopment project of the agency, estimate over the cw'rent fiscal vear, the number of elderly andnonclderly households, by income category, expected to be permanently displaced. (Note: actual displacements will be t'eported for the next reporting yem' nn i.ine 6). Nnmher of Households Project Activity VL L M AM Total Households Permanently Displaced -Elderly 0 Households Permanently Displaced -Non Elderly 0 Households Permanently Displaced - Total 0 0 d 0 0 b. As required in Section 33413.5, for tho current fiscal vear, identify each replacement housing plan requh'ed to be adopted hefm'e -the pet'manent displacement,_desfruction, andlor removal of dwellntg units and bedrooms impacting the households repoeted in 7a. ~ - Date / /_ mo day yr Date _t ~ / mo day yr Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet ofgaper listing any additional housing plans adopted Units Developed inside the Project Area to F'ulfiil ldeuuerements of Other Project Area(s) 8. Pursuant to Section 33413{b}{2)(A)(v}; agettcies may choose one or mare project areas to fulfill another project area's requiremenf to consh'uct new or substantially rehabiitate dwelling units, provided the agency conducts a public hearing and finds, based on substantial evidence, that the aggregation of dwelling units in one of more project areas will not cause or exacerbate raeial, ethnic, or economic segregation. - - Were any dwelling units in this project area developed to paztially of completely satisfy another project area's requirement to consfruct new or substantially rehabilitate dwelling units? ~ No. ® Yes. Date initial finding was adopted? / / Resolution g Date sent to HGD: !_/_ mo day yr' mo day yT Nnmher of Dwelling Units Name of tither Project Area(s) ~ VL L M Total 0 Q 0 0 0 a 0 0 0 0 0 0 a 0 California Redcd'etaptnevi Agencies- Piscal Year 2009-20f 0 HCD-A sd,A (Reef:ea:9-xa-to} - Page 9 of 10 Agency Name; Santa Monica Redevelopment Agency Project Area Name: Downtown Sales of Owner Occupied Un[ts Inside the Project Area Prior to the Exaltation of Lnnd 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 of owner-occupied units prior to the expiration oftbe period ofthe land use controls established by the agency. Agencies must deposit sale proceeds into the Low and Moderate Htcome Housing Fund and within three (3) years from the date fhe unit was said, expend funds to make another unit equal in affordability, at the same income level, to fhe unit sold. - a. Sales. Did the agency permit the sate of any owner-occupied units during the reporting year? ^/ No Yes b. Were reporting year funds spent to make units equal in affordabiliy to units sold over the last three reporting f-. Total LM1HF Spent On Equal Units Over Re ortin Year Number of amts SALES VL L M Total Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr 0 Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago 0 Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago 0 i o,a~ nna,ta Faual This Renortino Yr to Uriits Sold Three Reporting Yrs Ago 0 Affordable Units to be Constructed Inside tfie Project Area Within Trvo Years 10. Pursuant to Section 33080.4{a)(10), report the number of very low, ]ow, and moderate income units to be financed by any federal; sta#e, local, or private source in order for construction to be complefedwithin two years from the date of the agreement or contract executed over the reportine vear. Identify the project and/or contactor, date of fhe executed agreement or contract, and estimated completion date. Specify the amount t'epm led ag 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 conu'act date. - DO NOT REPORT ANY UNITS ON TH tS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR Col A CoI 6B Col C Col D Col E - YJame of Agreemen4 Estimated Sch C Amoun4 Scfi C Amount Project and/or Execution Completion Date Encumbered Designated ' L M Total Contractor Date wtin 2 rs of Col B Line 6a ne 7a VL g g o g ~ o ~ S Please attach a separate sheet of paper to list additional information. - - < Total Proceeds NY'om Sates Over Reporting Year tvnmuer °' .,°"' - VL L M Total SALES i m~t~ Snlri Over Renortino Year 0 Equal Units. years? ONo ^Yes Ca3itamia Redevclepmenf Agencies-Fiscal Yxar 2009-2010 HCD-A Sch A (xevisea: 9-2s-to} Page l0 of l D SCHEDULE HCD-A inside Project Area Activity far Fiscal Year that Ended 06 130 / 2010 AgeneyName:San#a MonicaRedeve{opmentAgencV Project Area Name: Earthquake PC'epa[er's Name, Title: Gigi necavalles-Hughes, Administrative Services Officer preparer's E-Mail Address: 9i9i.decavaltes@smgov.net Preparer'sTelephoneNo:(370)458-8757 Preparer'spacsimileNo:(310)397-9996 1, Project Area Information GENERAL 1NFORIV~iATION 1. Year 1"pian for project area was adopted: 7 994 - 2. ~ Year that plan was last amended (ifapplicabte): 2006 3. Was plan amended after 2001 to extend tune Limits per Senate Bill 211 (Chapter 741, Statutes of 2001)? Xes_ No! 4. Current expiration of plan: 06 / 27 !_2027 mo - day yr h. If project area name has changed, give previous name(s) or c. Year(s) of any mergers o£the project area: Identify former project areas that merged:_ d. Year(s) project area plan was amended involving real property that either: (1) Added property to plan: N/A~_,~ (2) Removed property from plan: N~__,_,_ 2. Affordable Housing Replacement and/or tnclusionary or Production Requirements (Section 33413). Pre-1476 project areas not snbseouentiyamended after 1975: Pursuant to Secton 33413(d), only Section 33413(x) replacement requirements apply to dwelling units desh'oyed or removed after 1995. The Agency can choose to apply a[1 ox 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 ofthe resolution and the applicable Section 334]3 requirements addressed in the scope of the resolution. N!A ~ - - Date: _!_/ Resolution Scope {applicable Section 33413 mo .day yr Post 1975 uroiect areas and aeoeranhic areas added by amendment after 7975 to pre-1976~ect 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 #aken from what is reported to the SG•t4e 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 Fonds and the reporting of Other Sources as discussedbelow: Transfers-In feom other internal funds: Report the amount of transfferred funds on applicable HCD-A, lines 3a-j. For example, report the amount transferred frmn the Debt Service Fund to the Housing Fund for the deposit of the required set-aside percentagelamount by reporting gross tax increment on FICD-A, L(ne 3x(1} and retort the Housing Fund's share of expenditures for debt service on HCD-C, Line 4e. Do not report "net" funds fransfen'ed fl-om the Debt Service Fund on HCD-A, line 3x(7) when reportine debt service expenditures on HCD-C, Line 4c. Other Sources: Non-GAAP (Generally Acceptable Accounting Principles) revenues such as &'om land sales for those agencies using the Land Held for Resale method to record land sales should be reported on HCD-A CaliCOmia Redevelopment Agencies-Fiscal `Gear 2009-2010 HCD-A SchA(Lievised: 9-28-2010} Page 1 of IO AgenzyName: Santa MonicaRedeve(opmentAgenev PxojzctAreaName: Earthquake Line 3d. Horsing fund receipts for the repayment of loan principal should be included on RCD-A Line 3h(1) or on Line 3h(2) if fhe repayment of loan principal is a result of the FY2009-IO~andlor FY2010-1 t SERAF. Calitamia RedevelopmentAgencSes-Fiscal ti'ear 2009-2010 1-1CD-A Sch A (revised: 9-28-7 0) ,Page 2 of 10. Agency Namei Santa Monica Redeveiopment Agency Project Area Name: Earthquake Proiec4 Area Housing h~rnd 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 housntg located outside the project areas} shoutd be reported as "Other Revenue" on Line 3j. (of this Se(tedule A), if this ro'ect area is named as beneiiciary in the authorizing resolution. Any other revenue sources not repotted on lines 3a: 3i., should be reported on Line 3j. - Enter on Line 3a(1} the full 100% of Bross Tax Increment allocated prior fo anplicab[e Hass through of funds and deductions for fees (refer to Sections 33407, 33446, & 33676). Compute the required minimum percentage (%) of gross Tax Increment and enter the amount on Line 3a(2}(A) or 3a(2)(B). Report SERAF on'Line 3a(3). Next, on Line 3a{4), report the amount of Tax Increment set-aside altotted before any exemption and/or deferral. To determine the amount of Tax Increment deposited fo fne Housing Fund [Line 3a(7}], subh•aet allowable amounts exempted [Line 3a(5)) and(or deferred [Line 3a(6)] from the net amount allocated to the Housing Fund [Line 3a(4)). a. Tax Increment: (1} 100%ofGross Allocation: $ 68,268,572 (2) Calculate only tset-aside amotmt: either A ar B below: (A) 20% required by 33334.2 (Line 3a(1) x 20%): $ 13,653,714 (B} 30% requGed by 33333.10(g) (Line 3a(1) x 30%): - $ 0 (Senate Bill-211, Chapter 741, Statutes of 2001) ' (3} SapplementaF Education Revenue Au¢men4atiou Fund fSERAF'): (A}SUSPENSION: Only allowed in FY2009.10. ($ ) H&SC Section 33334.2(k) allows agencies to suspend all or part of the set-aside allocation on line 3a(2) fo pay FY2009-10 SERAF (complete Sch A, page 3, #4 and Sch-C, page 9} (B) SERAF RBPAYMENT of FY2009-10 SUSPENDED amount $ (complete Sch A, page 3, #4 and Sch-C, page 3, Se and page 9). (4) Yet amount of tax incremenf allocated to Housing khnd $ 13,653,714 ' [fthe net amount of set-aside allocated is [ess titan cite required ' ~ minimum, identifytlte project area(s) making up any difference - - and explain on page 4, box #5 [per 33334.3{i)]. (5) Amowrt Exempted (H&SC Section 33334,2) ($ ) [ifthere is an amount exempted, also complete page 3, #Sa(1) - {2)]: (6) Amount Deferred (HXcSC Section 33334.6} ($ } [ifthere is an amount deferred, also complete papPes 4-5, #Sb(1) - (4}]: (7) Total deposit to the Housing Fuud INe4 result of Line 3a(4) through 3a(6)L $ 13,653,794 b. Interest Income: $ 316,526 c. RentallLeasc Income{combine amm~nts 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 wmptele, page 4, Line Sli(3)): $ h. (1) Loan Repayments (other Phan SERAF): (2) SERAF LOAtN Repavments {also complete Sch-C, page 3, Se and page 9} $ i. Debt Proceeds: $ 7,986,281 j. Other Revenue(s) [Explain and identify amount(s)]: Residual Cash Receipts - $ 288,901 - ~ - $ $ 288,901 Catifbtnix Redevel°pmeut Agewies-1'iacal Yeat 20U9-2m0 HCD-A seh A {Revised: 9-zs-t o) Page 3 of 10 Agency Name: Santa Monica Redevelopment Agency Project Area Name; Earthquake k. Total Project Area Receipts Deposited to Housing Fund (add Eines 3a(7) and 3b - ~ 31.); 22,245,422 CaliForuia Redevelopmcn[Agencies-Fiscal Year2oo4d01p HCD-A sc1iA (Revised: 9-28-to) - Page4 of to Agency Name: Santa Monica Redevelopment Agency Project Area Name: Earthquake ~ lemenfat Educatiouai Revenue Au¢tnentation Fund (SERe4F) Susuension of Property Tax Revenue DCpOSit 4. Check box below and provide infoematon only ifthe agency, between 3uly 1, 2049 and June 30, 2016, exercised suspension option (Sch A, page 2, Line 3a(3)(A) and did not make the required minimum allocation and deposit df tax increment to fhe Housing Fund for the purpose ousing suspension funds to meet fhe Fiscal Year 2009-10 SERAP obligation Nofe, pursuant to Health-and Safely Section 33334.2(k), repayment is required before June 30, 20li. N/A ^ SERAF [H&SC Sec[ion 33334.2(k)]. In FY2009-10 the agency exercised option to suspend allocating and depositing a portion of the ininimum 20% of gross property tar increment. Instructions: Please include amounts for ALL fiscal vem•s between FY2009-16 and FY20141~ (in addition to the em'rent reporting fiscal year) to record agency compliance with repayment requirements as referenced in. H&$C Section 33334.2(k)(l){2)(3). Also reportYhe eumulrrtive total suspended aed repaid amounts {from alt project areas) in Scleedule `C', pnge 9, Box 23. Fiscal Years Applicableto Col 1 Col 2 Co13 SERAF Suspension and IdentifySERAF IdenlifyanySERAF Remaining SERAF Balance Repayment Deposit Amount Suspended Repayment (Deposit) (prior year Co13 FY 2009-2010 Made in Fiscal Year atinus Current year Repayment Co] 2) 2009-2016 $ $ 2olo-zoo $ $ zoll-zo12 $ $ 2012-2013 $ $ 2013-2014 i $ $ 2014 - 2015 - $ S Exemption(s) and Deferral(s) 5. a.(1) If an exemption was o]aimed on Page 2, Line 3x(5) 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 Anneal Findin¢ is required to Be .ruBiniited to HCD) ^ Section 33334.2(x)(1): No need in community to increasetimprove supply of lower or moderate income housing. ^ Section 33334.2(x)(2}: Lass than the minimum set-aside % (24% or 36%) is sufficient to meet the need. ^ Section 33334.2(a}(3}: Community is malting substantial effort equivalent in value fo minimum set-aside % (20% or 30%} and has specific contractual obligations incurred before May 1, 1991 requiring confinued use of this funding. Note: Pursuant to Section 33334.2(x){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): (2)For any exemption ciaimed on Page 2, Line 3x(5) and LineSa(1}above, idenfify: Date that initial {1") 5ndine was adopted: J F Resolution # Date cant to HCD: / ~- mo da ma day yr X Yr Calirornia RedevelnpmentAgencies-Fiscal Year2009-2010 - - HCD-A SchA (Revise3 9-28-10) - Page 5 of 10 Agency Name: SantaManicaRedevelopmentAgency Adoption date of renortine vear &ndina: l / 1 1 mo day- yr Exemotlons and Deferrals continued Project Area Mame: Earthquake Resolution # Date sent to HCD: mo day yr BOX#5 Identification of Project exea and explanation if set-aside deposit is LESS THAN the required minimum Refer to Sch A, page 2; Line 3 (a)(4): Deferral(s) S. b.(1) ]f a Deferral was claimed on Page 2, Line 3a(6) to deposit less than the required amount, complete the following information: N/A - Check only one of the Health and Satety Cade Sections below ^ Section 33334,6(d): Applicable to project areas approved before 1986 in which the required resolution was sent to HCD before Sepfember. 1986 regarding needing tax increment to meet exisfing obligations. Existing obligations can include those incurred a8er 1985, if net proceeds were used fo refinance pre-1986 listed obligations. Note: 17ae deferral previously authorized by Section 33334.6{e) expired. It was only allowable is each fiscal year prior to July 1, 1996 with certain restrictions. ^ Other Health & Safety Code Section here: {2) For any deferral claimed on page 2, Line 3a(6} and Line 56(lJ above, identify: Date that initial (1°`} finding was adopted: 1 / Resolution # Date writ to HCD: 1 ~ ( mo. ~ day yr mo ~ c ay ~ yr Adoption date of xenortine vear ftnd`me: /_/ Resolution # Date sent to HCB: (/ too day yr mo ~ day ~ yr (3) A deferred set-aside per to Section 33334.6(d) constitutes indebtedness fo the Housing Fund. Summarize the amount(s) of set-aside deferred and repayments made during the reportingyear and the cumutative amount dcfened as of end ofFY: Ca7ifomia RedeaElopm~rAgencies- FPscal Year 2009-2010 HCD-A SchA(Rerised: 9-28-10} ~ Page 6 of 10, Agency Name: Santa Monica Redovetopment Agency Project Area Name: tattnquaKe The cumulative amount of deferred set-aside shozrld also be slaorvn on HCD-C, page 3, Line 8a. If the prior FY cumulative deferral shown above differs fi'om what was reported on the last HCD report (HCD-A and HCD-C), indicate the amount of difference and the reason (use box above if needed}: Difference: $ Reason(s): Deferral(s) continazed {4) 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 dte deficit to be eliminated? 1 /_ mo day yr If yes, when was the orieinal plan adopted for the claimed deferral? _/! mo day yt' Idenfi£y Resolution i€ Date Resolution aunt to HCD / ! mo day yr When was the last amended plan adopted for the claimed deferrat? / mo day yr Identify Resolution # - Date Resolution sent to_ HCD mo day yr Actual Proiect Area Households Displaced and Units and Bedrooms Lost Over Reaortine Year: 6.. a. Redeveloament ProieM Activiri. Pursuant to Sections 33080.4(x)(1) and (a)(3), report by income. category the number of elderly and nonelderly households permanently displaced and the number o£units and bedrooms removed or destroyed, over the reportitt¢ year, (refer to Section 33413 for unit and bedroom replacement requirements). Number of Hoazseholds/Units/Bedroomg Project Activity VL L M AM Total HousehoEdsPermanentiyDisplaced-Elderly ~ 1 1 Households Permanently Displaced -Non Elderly 1 '1 1 2 ~ 5 Households Permanently Displaced -Total 2 1 1- Units Lost (Removed or Destroyed) and Required to be Replaced - 2 1 1 4 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 2 1 1 2 2 4 2 2 b. Other Activity. Pursuant to Sections 33080.4{a)(1) and (a)(3}based onactivities other than the destruction or removal of dvvalline units and bedrooms reported on Line 6a, report by income category the number of elderly and nonelderly households permanently displaced overthe reportin¢vear' Nnmhwr nr Hnncehnlds Other Activity VL L M AM Iota! Households Permanently Displaced - E(der(y 0 Households Permanently Displaced -Non Elderly 0 Households PermanentEy Displaced -Total 0 0 c. As required in Section 33413.5, identify, over the repotting year. each replacement housing plan required to be adopted before the pet'maoent displacement, destruction, and(or removal of dwelling units and bedrooms impacting the households reported on lines 6a. and 66. - - Glifomia Redevelopment Agencies-Fiscal Year 20e9-2n10 HCD-A SchA(Revised:9-zs-to) Page 7 of 10 Agency Name: Sanfa Monica Redevelopment Agency Project Area Name: Eartfiquake Date j~(~_/2oos Name of Agency Custodian Communlly Corpora{(nn of Santa Monica (GCSM) mo day yr Date ___/ f Name of Agency Custodian . - mo day yr Please attach a separate sheet of paper listing any additio^al housing plans adopted. Ali Caliromin Redevelopment Agencies-Fiscal Yeaz 2009-2010 HCD-A Sch A(Revised: 4-zx-lo) Page 8 of 10 Agency Name: Sanfa ftAonica Redevelopment Agency Project Area Name: Earthquake Estimated Project Area I-IousehoEds to be Permanently Displaced Over Current Ftiscal Year: 7. a. As required ht Section 33U3Q.4(a)(2) for a redevelopment project of the agency, estimate over the cun•ent fiscal pear, the number of elderly and nonelderty households, by income category, expected to be pemraneatty displaced. (Note: actual displacements will be reported for the next reporfing year an Line G}. - Nnmher of Households Projec#Activity VL L M AM Total Households Permanently Displaced -Elderly 0 Households Permanently Displaced -Non Elderly 11 11 Households Permanently Displaced - Totaf 0 0 0 11 11 b. As required in Section 33413.5, for the current fiscal veaz, identify each replacement housing plan required to be adopted before the permanent displacement, destruction, andlor removal of dwelling units and bedrooms impacting the households, repo#ed in 7a.. _ _ Date y _/~_/ any n mo day yr Date 1 I mo day yr Name of Agency Custodian James Kemper Name of Agency Custodian Please attach a separate sheet of paper listing any additional housing plans 'adopted ~ _ Units Developed Inside the ProiecE 9reu to Fulfill Renviremen#s of Other Project Ar'eatsl 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 construct new or substantially rehabilitate dwelling units, provided the agency conducts apublic hearing and finds, based on substantial evidence, that the aggregation of dwelling snits in one or more project areas will not cause or exacefbate racial, ethnic, or economic segregation. Were any dvielling 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? _/_/_ Resotution # Date sent toACD:! / mo day yr mo day yr Number of Dwellin Units Name of Other Project Area(s) VL L M Total 0 0 0 0 0 0 a 0 0 0 0 0 0 0 CalifomiaRedevefopme`RAgencies-Fiscal Year 2009-2070 F1CD-A seh A (aevised: 9-2s-10) Page 4 of ] 0 Agency Name: Santa Monica Redevelopment Agency FrojectAreaName: Earthquake Sales of Owner-Occuaied Units Inside the Proiect Area Prim• fo the Exniratian 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 sate of owner-occupied units prior to the expiration ofthe period ofthe land use controls established by the agency. Agencies must deposit sale proceeds into the Loty 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. ^/ No ^Yes b. Were reportingyear funds spent to make units equal in affordability to units sold over the last three reporting . - ~ Total Lit4IHF Spent On Equal Units Over $e ortin Year Number of Units SALES VL L M Total Units Made Equal This Reporting Yr fo Units Sold Over This Reporting Yr 0 Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago 0 Units Made Equal This Reporting Yr to Units Sold Two. Reporting Yrs Ago 0 Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago 0 Affordable Units to be Constructed Inside the Proiect Area Witbin 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 fox construction to be completed within two v~ars fi'om the date of the agreement or contract executed over there op ~u_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 ou@ay or budgeted funds intended to be encumbered for project ase within two years from the reporting year's ab~t'eemenY or contract date. DO NOT REPORT ANY UNITSON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, R, OR D9 Cn~ AA col e Cni c col D cal E Name of Agreement Estimated SGt C Amount Sch C Amoun4 Project and/or Execution Completion Date Encumbered Designated Contractor Date wlin 2 rs of Col B Line 6a Line 7a VL L M Total g $ 0 S. $ 0 $ $ Please attach a separate sheet of paper to list additional information. Did the agency permit the sale of any owner-occupied units during the reporting year? ~- Total Proceeds Fram Sales Over Reporting Year Number of Units SALES VL L M Total Units Sold Over Reporting Year _ 0 Equal Units. years? /~No ^Yes California Redevzlopment Agencies-Piscat Year 2009-2610 HCD-A sch A (revised 9-28-10) ~ Page 10 of 10 SCHEDULE HCD-A inside Project Area ActiviTy for Fiscal Year that Ended 06 ! 30 J 201 D Ageney Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park lA Pxeparer's Name, Title: cioi pecavanesHu9hes, Adm`:nlst2th2servfces o(licer Preparer'sE-Mail Address: 9~9i~decavalles@smgov.net Preparer's Telephone No: (310) 458-8757 Preparer's Facsimile No: (310) 391-9996 1. Project Area Information GENERAL A'FORrrIATION a, 1. Year I"`plan for project area was adopted:' 1960 2- -Year that plan was last amended (if applicable): 2008 - 3. Was plan amended after 2001 to extend time limits per Senate Bill 211. (Chapter 741, Statutes of 2001)? Yes No / 4. Current expiration of plan: 01 ! D1 ! 2012 , - mo day yr b. Ifproject area name has changed, give previous name(s) or number: N/A c. Years} of any mergers ofthe project area: N!A ,_~~._ Identify former project areas that d. Year(s) project afea plan was amended involving real property that either: (1) Added property to plan: N/A ,~ (2) Removed property from plan: N/A ,=_ 2. Affordable Housing Replacement and/ox Inclusionary or Production Requirements (Section 33413). Pre 1976 nroiect areas not subseuueatl~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 alt or part of Section 33413 to a project area plan adopted before 1976. If the agency has elected to apply all of part of Secflon 33413, provide the date ofthe resolution and the applicable Section 33413 requirements addressed in the scope of the resolution. N1A Date: / / Resolution Scope (applicable Section 33413 requirements} mo day yr Post 1975 or oiect areas and eeoaraphic areas added by amendment after' 1975 to m'e-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 Oaken from what is reported to the 5taYe Controller's Office (5C0) on the Statement of Income and Expenditures as part of the Redevelopment Agency's Finnncial Transactions Report, except for the reelassifydng of Transfers-In from Internal Funds and the reporfing of Other Sources as discussed belmv: Transfers-In from older internal funds: Report The amount of transferred funds on applicnble HC'D-A, lines 3a-j. For example, report the amouat transfen•ed from the Debt Service Fund to 4he Housing Fund for the deposit ofthe required set-aside percentage/amonnt by reporting gross tax increment on HCD-A, Line 3s(1}and report the Housingl~rnd's share of expenditures for debt service an HCD-C, Line 4e. Do not renorT "net" fends transferred firom the Debt Service Fund on HCD-A, Line 3a(7) when repw•line 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 bereported on HCD-A California Redevelopment Agencies-Fistal Year2009-2010 HCD-A SdiA(Revised: 9-28-2010) - Page l of 10 Agency Name: Santa Monica Redevebpment Agency _ ProjeetAreaName: Ocean Park 7A Line 3d. Housing fund receipts for the repayment of loan principal should be included on HCD-A Line 3h(1) or on Line 3h(2) ifthe repayment of loan principal is a result of the FY2009-10 and/or FY2010-11 SERAP. CalHomia RedevelopmentAgencies-Fisca[ Year2009-2070 HCD-A SchA (Revised: 9-23-10) ~ Page 2 of 10 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1A Proiect Area Housing Fund Revenues and Other Somees 3. Reprnt a}I revenues and other sources of funds ffom tfiis project area which accrued to the Rousing Fund over the reporting year. Any income related to agency-assisted housing located outside the peoject area(s) should be reported as "Other Revenue" on Line 3j. (of this Schedule A), ifthis nmiect area is named as beneficiary in the authorizing resolution. Any other revenue sources not reported on lines 3a.-3 i., should be reported on Line 3j. Enter on Liue 3a(I) the full 100% of moss Tax Increment allocated prior to a~plicabl~ass 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). Aepoxt SERAF on Lute 3a(3). Next, on Line 3a{4), report fhe amount of Tax Increment set-aside allotted befrn'e any exemption and/or deferral. To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(7}], subtract allowable amounts exempted )Line , 3a(5}] and(or deferred [Line 3a(6)] from the net amount allocated to the Housing Fund [Line 3a(4)]. a. Tax Increment: (1) 100%ofGrossAllpcation: $ 3,545,265 (2) Calculate only 1 set-aside amount: either A or 1 below: (A) 20%required by 33334.2 (Line 3a(1) x 2D%): (B) 30% required by 33333.10(8) (Line 3a(I) x 30%): (Senate13i1121i, Chapter 741, Statutes of 2001) {3) Supplemental Education Revenue Augmentation Fund fSERAFI; (A) SUSPENSION: Only a8wved in HY2009-10. I I&SC Section 33334.2(k} allows ageacies to suspend all or part of the set-aside allocafion on line 3a(2) to pay FY2009-10 SERAF (complete Sch A, page 3, #4 and Sch-C, page 9) (B) SERAF REPAYMENT of FY20D9-10 SUSPENDED amotrtrt {complete Sch A, page 3, #4 and Sch-C, page 3, 8e and page 9). (4) Net amount of tax increment allocated to Housing bimd Ifthe net amount of set-aside allocated is less than the required minimum, identify the project areas}mating up any difference and explain on page 4, box #5 [per 33334.3(1)]. $ 709,053 ($ } $ $ 709,053 (5} Amount Exempted (H&SC Section 33334.2) ($ ) [if there is an amount exempted, also completo page 3, #Sa(i) - (2}]: (~ Amount -eferred (H&SC. Section 33334.6) {$ ) [if there is an amount deferred, also complete pages 4-5, #Sb(1) - (4)]: {7) Total deposit to the Housing Fund INet result of Line 3x(41 through 3a(6)l: - $ 709,053 b. Interest Income: $ 16,438 e. RentalJLease Income (combine amounts separately reported to the SCO): S d. Sale of Real Estate: $ e. Gxanfs (combine amounts separately reported to the SCQ): $ f. Bond Adminish~ative~Fees: $ g. Deferrat Repayments [also complete, page 4, Line 56{3)]: $ h. (1) Loan Repayments (other titan SERF): - $ (2) SERAF LOAN Renavments~(also complete Sch-C, page 3, 8e and page 4) $ i. Debt Proceeds: ~ ~ $ j. Other Revenue{s) [Explain and identify amount(s)]: $ $ $ 0 Cali(omia Redevelopment Ageuciea-Piseai Year 2009-2010 SchA (Rzvised: 9-28-10) xcn-A Page 3 of 10 Agency Name: Santa Monica Redevelopment Agency Project AreaNatne: Qcean Park 1A k. Total Project Area Receipts Deposifed to Housing Pnnd (add lines 3a(7} and 36 - ~ 3jJ: - ~ 725 491 California Redevelopment Agencies-Piscat Year2009-2010 - HCD-A Se6A(Revised: 9-2a-]o) Page4 of 10 Agency Name: Santa Monica Redevelopment Agency - Project Area Name: Ocean Park 1A S lemental Educationa8 Revenue Au mentation Fund (SDrRAF) Suspension of Proverty Tax Revenue Deposit 4. Check box below and provide information only if the agency, between July 1, 2009 and Tune 30, 2010, exercised suspension option (Sch A, page 2, Line 3a{3)(A) and did not make the required mhtimum allocation and deposit of fax increment to the Housing Fund for the purpose ofusing suspension funds to meet the Fiscal Year' 2009-i0 SERAF obligation. Note, pursuant to Health and Safety Section 33334.2(k), repayment is required before June 30, 2015. NIA ^ SERAF [H&SC Section 33334.2(k)]. >n FY2004-10 the agency exercised option to suspend allocating and depositing a portion of the minimum 26% of gross property tax increment. Instructions: Please include amounts for ALL 8sea1 years between FY2009-1D and FYZ014-IS (in addition to the current reporti^g &scal~year) to retard agency compliance with repayment regmrements as referenced in H&SC Secton 33334.2(k}(1}(2){3). - ~ - Atso report the cumulative fatal suspended acrd repaid amounts (froth aCt project arerzs) in Schetfttle `C', page 9, box 23. Fiscal Years Applicable to - Col I Col 2 Co13 SERAF Suspension and - Identify SERAF Identify any SERAF Remaining SERAF Balance Repayment Deposit Amount Suspended Repayment (Deposit) (prior year Col 3 FY 2009-2D10 Made in Fisca! Year minus Current year - - Repayment Coi 2) 2009 - 2010 $ ~ 2010-2011 $ $ aDll - zDlz $ $ 2012-2013 $ $ 2013-2014 $ $ 2014 - 2615 $ $ Exemotion(s} and Defereal(s) 5. a.{1) If an exemption was claimed on Page 2, Line 3a(5) to deposit less than the required amoun#, complete the following information: N/A Check only one of the Health and Safety Code Sections below (I~Vote: An Annual Finding is required to be submitted to HCD) ^ Section 33334.2(a)(1): No need in community to increaseJimprove supply of lower or moderate income housing. ^ Section 33334.2(a}(2}: Less #han the minimmn set-aside % (20%or 30%} is sufficient to meetthe need. ^ Section 33334.2(a)(3}: Community is making substantial effort equivalent in value to minimum set-aside % (20% or 30°/a) and has specific contractual obligations incurred before May 1, 1991 requiring confinued use ofthis funding. Note: Pursuant to Section 33334.2(a)(3)(C), this exempfion expired on Tune 30, 1993 but contracts entered into prior to May 1,1991 may not be subject to flee exemption 'sunset - __.. ^ Other: Specify code section and reason(s): (2)For any exemption claimed on Page 2, Line 3a{5) and Line Sa(1} above, identify: Bate that initial (1"} Sndine was adopted: f_(_ Resolution (k Date sent to HCD: _ /_ mo day yr mo day yr California Bedevelopmen[ Ageacres-Final Year2009-2010 HCD-A Stir A(Rev~sea:9-zs-io) Page 5 of 10 Agency Name: Santa Monica Redevelopment Agency Adoption date ofreoortineyearfmdin~: II 1 I -~ mo day ~ yr );xemntions and Deferrals continued Project Area Name: Ocean Park 4A Resolution #, Date sent to HCD: mo day yr BOX #5 Identifrcation of Project area and explanation if set-aside deposit is LESS THAN the required minimum Refer to Sch A, page 2, Line 3(a)(4): Deferral s 5. b.(1) - If a Deferral was claimed on Page 2, Line 3s(6} to deposit less Phan the required amount, complete the following information: !`IiA - Checic only one ofthe Health and Safety Code Sections below ^ Section 33334.6(d); Applicable fo project areas approved before 1986 in which the required resalufion was sent to HCD before September 1986 regarding needing tax increment to meet existing obligations. Existing obligations can include those incurred after 1485, if net proceeds were used to refinance pre-19861istedobligations. Kote: The deferral prevlousSy authorized by Section 33334.G(e} expired. It was only allowable in each Sscai year prior to Jnly 1, 1996 with certain restrictions. ^ Ofher Health & Safety Code Section here: (2) For any deferral claimed on page 2, l.iae 3a(6) and Line Sb(1) above, identify: Date that initial (t#) fording was adopted: / / Resolution # _ mo day yr Adoption date of reportine year findine: ! - / Resolution # _ Data sent to HCD: mo / aaiy , yr Date sent to HCD: ~. t ~ ~ mo day yr mo f day ~ yr (3} A deferred set-aside per to Section 33334.6(d} constitutes indebtedness to the Housing Fund. Summarize the amorint(s} of set-aside deferred and repaymearts made during the reporting year and the cumulative amount deferred as of end of FY: California Redevelopment Agencies-Fiscal YCar2009-2010 HCD-A SchA(Revised: 9-23-10) Page 6 of 10 Agency Name: Santa Monica RedevelopmentAgency Project Area Name: Ocean Park 1A. "The cvnndative amount of deferred set-aside sho¢rld nlso be shown on HCD-C, page 3, 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 (use box above ifneeded): Difference: $ Reason(s): Deferrals} continued (4}Section 33334.6(8) requires any agency whieh 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 deScit f^ be eliminated? !_ / mo day yr If yes, when was the original plan adopted for the claimed deferral? _/ • mo day yr Identify Resolutio^ ?f - Date Resolution sent to HCD __! mo dap yr When was the last amended plan adopted for the claimed deferral? mn day yr Identify Resolu#iori # Date Resolution sent to HCD l 1 mo day yr Actual Project Area Households Displaced and Units and $edrooms Lost Over Renortine Ycar: 6. a. Redevelopment Project Activi#y. Pursuant to Sections 33080.4(a)(1} and (a)(3), reportt by income category the number of elderly and nonelderly households permanently displaced and the number of uni#s and bedrooms removed or destroyed, over the renortine year, (refer to Seeiion 33413 for unit and bedroom replacement requirements). Nnnrher of Households/Untts/bedrooms Pro'ect Activity VL L M AM Total Households Permanently Displaced -Elderly 0 - Households Permanently Displaced -Non Elderly 0 Households Permanently Displaced -Tote! p 0 Units Lost {Removed or Destroyed) and Required to be Replaced 0 Bedrooms Lost (Removed or Destroyed) and Required to be Replaced 0' Above Moderate Units Lost That Agency is Not Required to Replace p Above Moderate Bedrooms Lost That Agency is Not Required to Replace 0 b. Other Activity- Pursuant to Sections 33080.4(a){I) and (a)(3) based on activities other than the destruction m• removal of dwelling units and bedrooms reported on Line 6a, report by income category the number of elderly and nonelderly households permanently displaced over the reportin year: N.n,.hur of Annenhnldc OkherActivity VL L M AM Total Households Permanently Displaced -Elderly 0 Households Permanently Displaced -Non Elderly 0 Households Permanently Displaced -Total 0 a As required in Section 33413.5, identify, over the reportin¢ veer, each replacement housing plan required to be adopted before the permanent displacement, destuction, and/or removal of dwelling units and bedrooms impacting the households reported on lines 6a. and 6b. Catifomia Redevelopment Agencies-Fiscal Year2009-2010 HCD-A Sch A (Revised: 9-28-10} Page 7 0f 10 Agency Name: Santa Monica Redevelopment Agency PfojectAxeaName: Ocean Park 1A Date _// Name of Agency Custodian _ mo day yz' Date / !_ Name of Agency Custodian mo day yr Please attach a separate sheet ofpaper listing any additional housing plans (adopted. California Redceelopment Agencies-Fiscal Year 2009-?010 IICD-A setiA (Revised: v-zs-lo) Page 8 of 7 0 Agency Name: Santa Monica RedeveloRmentAgency Project Area Name: Ocean Park 1A Estimated Proiest Are~r Households to he Permanently Disalaced Over Current Fiscal Year: 7. a As required in Section 33D80.4(a}(2} for a redevelopment project of the agency, esfnnate over the current fiscal year. the number of elderly and nonelderly households, by income categm'y, expected to be permanently displaced. (Note: actual displacements will be reported for the next reporting year on Line 6}. Number of Households Project Activity VL L M AM Total Households Permanenty Displaced -Elderly 0 Households Permanently Displaced -Non Elderly 0 Households Permanently Displaced -Total 0 0 0 D 0 b. As required in Section 33413.5, for the current 6sca1 year, identify each replacement housing plan required to be adopted before the permanent displacement, deskructiou, and/or removal of dwelling units and.bedrooms impacting the households reported in 7a. Date _/ 1 Name of Agency Custodian mo day yr- ~ . Date _!_/ Name of Agency Custodian mo day yr Please attach a separate sheet of paper listing arsy additional housing plans adopted. Unks Developed Inside the Project Area to Fulfill Requirements of Other Proiest Areaisl 8. Pgrsuant to Section 33413(b)(2}(A)(v), agencies ~maychoose one or more project areas fo fulfill another project area's requirement to constnwi 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 aeea deve€oped to partially or completely satisfy another project area's requirement to construct newer substautially rehabilitate dwelling units? ~ No. ® Yes. Date inirial finding was adopted? _/ /_ Resolution # Date sent to HCD: ! / - mo day yr mo day yr Number of Dwellin Units Namo of Other Project Area(s) VL L M Total a D 0 0 0 0 a D D 0 0 0 0 0 CaliFOmia Aedevetopment Agenries-Fiscal Ycar2009-2070 ~ 1-1CD-A SchA(Revised: 4.28-10) ~ ~ Page 9 of 10 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean ParklA Sales of Owner-Occunied Units Inside khe Proiect Area Prior fo theExniration of Land Use Controls 9. b. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting <-- Total LbIltiE Spent On Equal Units Over Re ortin Year Number of Units SALES VL L M Total Units Made Equal This Reporting Yr to Units Soid Over This Reporting Yr 0 Units Made Equal This Reporting Yr to Units SoEd One Reporting Yr Ago 0 Units Made Equal This Repofing Yr to Units Sold Two Reporting Yrs Ago 0 Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago 0 Affordable Units fo be Constructed Inside the Proiect Area Within Two Years 16. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate iucome units to he financed by any federal, state, local, or private som'ce in order for co^strucfioa 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, andestimated 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 ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, 6R Col A Col B Co! 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 $ $ 0 $ $ 0 $ 5 Please attach a separate sheet of paper to list additional information. <-. Total Proceeds Erom Sales Over Reporting Year Number of Umts SALES VL L M Total Units Sold Over Reporting Year _ _ 0 Section 33413(c)(2)(A} specifies that pursuant town adopted program, which includes but is not limited to an equity shazing program, agencies may permit the sale of owner-occupied units prior to the expiration of the period of the land use controls established by the agency. Agencies mast deposit sale proceeds into tare 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 ]evel, fo the unit sold. a. Sales. Did the agencypermit the sale of any owner-occupied units dwing the reporting year? oNa QYes Eaual Units. years? 0/ No DYes Calirornia RedeveloFvnent Agencis-Fiscal Year2009 2010 HCD-A SchA(Revised:928-[0) Page lO Of SO SCHEDULE HCD-A Inside Project Area Activity for Fiscal Year tfiat Ended 06 (30 / 2010 Agency Name: Santa Ntonica RedevelopmentAgenev Preparer's Name, TiTle: Ggi oecavslles-Hughes, Administrative Services eficer Project Area Name: Ocean Park 1B Preparer's E-Mail Address: 9i9i•decavalles@smgov.net Prepm~er's Telephone No: (310)458-8757 Preparers Facsimile No: (310) 391-9996 U'ENERAL INFORiriATION 1. Project Area Information a. 1.Year 1°` 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 Bill 211 (Chapter 741; Statutes of 2001)? Yes_ No 4. Current expiration of plan: O7 / 01 / 2012 ma day yr ti. Pfproject area name has changed, givo previous name(s) or c. Year(s)ofany mergers dithe project area: Identify former project areas That merged:_ d. Year(s) project area plan was amonded involving real property that either: (1) Added property to plan: N/A ,._,,_ (2) Removed peoperiy from plan: N~,~ 2. Affordable Housing Replacement and/or lnclusionary or Production Requirements (Section 33413). Pre-1976 project azeas not subsequently amended after 1975: Pursuant to Seefion 33413(d), only Section 33413{a) eeplacement regnirements apply to dwelling units desh~oyed or removed after 1995. The Agency can choose to apply all or part of Section 33413 to a project m'ea plan adopted 6efote 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 ofthe resolution. N/A - Date: / _ _/_!.. __. _ Resolution Scope (applicable Section 33413 mo day yr Post 1975 project areas and aeogranhic areas added by amendment after 1475 to nre-1976 aroiect areas: Both replacement and incFnsivnaey or producton requirements of Section 33473 apply. NOTE: -- Amounts to report on HCD-A lines 3a(1), 3b-3f, and 3i. can be taken from what is reported to ffie State Controller's Office (SCO) on the Statement of Income and Expenditures as part off 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-dn from other internal funds: Report the amount of transferred funds on applicable HCD-A, lines 3a-j: For example, report 4he amount transferred from the Debt Service Fund fo fhe Housing Fuud for ttie deposit of the required set-aside percentage/amount by reporting gross tax increment on HCD-A, - Line 3a(I) and report the Horsing Fmrd's share of expenditures for debt service on HCD-C, Line 4c. Da not report °°net~ fonds transferred from fhe Debt Service Fred on IICD-A. Line 3a(7) when reportine debt service expenditures on RCD-C. Line 4e. 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 (.`alifomia Redevelopment Agencies-I'•iscai Yeas 2009-2010 HCD-A Sch A {Revised 9-28-2010) 'Page 1 of I O Agency Name: Santa Monica Redevelopment Aaencv Project Area Name: Ocean Park 1B Line 3d. Housing fund receipts for the repayment of loan principal should 6e included on HCD-A Line 3h(1) or on Line 3h(2) if the repayment of loan principak is a result of the FY2009-10 and/or EY2010-7 t SER4F. California RedevetopsneatAgencies-Liscat Year2009-2010 HCD-A sch A(Revised 9-2s-to) Page 2 of 10 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1B Protect Area &onsin~ Fond Revenues and Other Sonrces 3. Report all revenues and other sources of funds from this project area which accrued to the Rousing Fund over the reporting year. Any income related to agency-assisted housing located outside the project area(s) should he reported as "Other Revenue" on Line 3j. (of this Schedule A), if tlrisproiect area i, named as beneficiary in the authoeizine ~resolutian. Any other eevenue sources not reported on lines 3a.-3i., should be reported on Line 3j. - Enter on Line 3a(1) the fu21 100% of gross Tax Increment allocated prior to aaplieable tiass throueh of funds and deductions for fees (refer to Secfions 33401, 33446, & 33676). Cnmpnte the required minimum percentage {%} of gross Tax Increment and enter the amount on Line 3a(2)(A) or 3a(2)(B}. Report SERAF on Line 3a(3). Next,. on Line 3a(4), report the amount of Tax Increment set-aside allotted before any exemption and/ox deferral. To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(7}], subtract allowable amounts exempted [Line 3a(5)] and/or deferzed [Line 3a(6}] from the net amount allocated to the Housing Fund [Line 3a(4}]. a. Tax Increment: - 484,588 (1) 100°/a of Gross Allocation: - $ - (2} Calculate oniv 1 set-aside amount: either A or B below: (A) 20%required 6y 33334.2 (Line 3a(1) s 20°l°): $ 96,918 (B) 30%required by 33333.f0(g) (Line 3a(1}-x 30%): $ - (Senate Bill 211, Chapter 741, Statutes of 2001) (3) Suuiolemental Education Revenue Auemeutation Fuad (SE12AF): (A) SUSPENSION: Only allowed in FY2004-10. ($ } H&5C Section 33334.2(k) allows agencies to suspend all or part - ofthe set-aside allocation online 3a{2) to pay FY2009-10 SERAF (complete Sch A, page 3, #4 andSch-C, page9) - (B} SERAF REPAYMENT of FY2009-10 SUSPENDEDamount $ (complete Sch A, page 3, #4 and Sch-C, page 3, Se and page 9). (4) .Net amount of tax incremen4 allocated to Aousine Feud $ 96'918 Iftlre net amount of set-aside allocated is less titan the required minimum, identify the project area(s) making up any difference and explain on page 4, box #5 [per 33334.3(1}]. , (5) Amount Exempted (H&SC Section 33334.2) (S .:~ [ifthere is an amount exempted, atso complete page 3, #Sa(1) - (2)]: - (6) Amount Deferred{H&SC Section 33334.6) ($ } - [if there is an amount deferred, also complete pages 4-5, #56(1 } - (4)]: {7) Total demtsit to the Housing Fund INet result of Line 3a(4) throueh 3x(6)1: $ 96,91$ b: Interest Income: ~ - ~ 2,285 c. Rental/Lease Fncome (combine amoarnts separately reported to the SCO): ~ S d. Sale of Real Esfate: e. Grattts (combine mnounts separately repm'ted to /he SCO): f. BondAdminishativeFees: g. Deferral Repayments [also complete, page 4, Line Sb(3)}: h. (1) Loan Repayments (other Phan SE13AF): (2) SERAF LOAN Repayments (also complete Sch-C, page 3, Se and page 9) i. Debt Proceeds: j. Qther Revenue(s) [Explain and identity amount(s)]: $ $ 0 Catir°ruia Redevelopment Agencies-Fiscal Year 2009-2010 HCD-A Sch A(Revised: 9-28-]0} ~ Page3 Of 1D Agency Natne: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 18 k. Total Project Area Receipts Deposited to Housing Fund {add lines 3a(7} and 36 - ~ 3j.): 99,2p3 Califbmia Redevelopment Agenctes-Piscal Yeu 2009-2010 HCD-A Sch n (revised: 4-2s-t0) Page 4 of 10 Agency Name: Santa Monica Redevelopment Agency .Project Area Name: Ocean Park 18 Su iemental Cducafioaal Revenue Anarrrenfation Fund BERAF'l Sumensimt of Property Tas Revenue Deposit 4. Check box below and provide information only rf the agency, between July 1, 2609 and June 30, 2010, exercised suspension option (Sch A, page 2, Line 3a(3)(A} and did not make the required minimum allocation and deposit of tax increment to the Housing Fund for the purpose of using suspension funds to meet the Fiscal Year 2009-10 SERAF obligation. Note, pursuant to Health and Safety Section 33334.2(k), repayment is required before June 3Q, 2015. N1A ^ SERAF [H&SC Section 33334.2(k}]. In FY2009-10 the agency exercised option to suspend allocating and depositing a portion of the minimum 20°!° of gross property tax increment. Instructions: Please include amounts for ALL fiscal years between PY2009-10 and FY2014-15 (in addition to the cun'ent reporting fiscal year) to record agency compliance with repayment requirements as referenced in H&SC Section 33334.2(Ic){1)(2)(3). ,4lso report the cumulative total suspended and repaid nmounts U•ou: all project nreas) in ScFzerlute `C', Page 9, box 23. Fiscal Years Applicable to Col 1 Co12 Col 3 SERAF Suspension and Remaining SERAF Fdentify SERAF Identify any SERAF Balance Repayment Deposit Amount Suspended Repayment (Deposit) (prior year Cot 3 FY 2004-2610 b4ade in Fiscal Year, minus Current year Repaynent Col 2} 2009-2010 $ $ 2olo-zoli $ $ 2011 - 2012 $ $ 2012 - 2013 $ ~ $ 2013-2014 '+ $ ~ 2614-2615 + , $ $ 9 F.xemptipn(sl and Deferral(s) 5. a.(1) If an exerption was claimed on Page 2,Line 3a(5) to deposit less than the required amount, complete the following information: N/A - - Check onl one of the Health and Safety Code Secfions below {rYote: ~In Anmsal Findinz is regzrrz-ed to be submitted io IICD) ^ Section 33334.2{a)(1): No need~in community to inerease/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 vahze to minimum set-aside % (20% or 30%) - . and has specific contractual obligations inourred before May 1, 1991 regoiting continued use ofthis funding. Note: Pursuant to Section 33334.2(a)(3){C}, this exemption expired on June 30,1993 , but eontracfs entered into prIar to May 1,1991 may not be subject to the exempfion sunset - ^ Other: Specify code section and reason(s): (2}For any exeanptian claimed on Page 2, Line3a(5) and Line Sa(1) above, identify: Date that initial (is7 finding was adopted: /_/_ mo day yr California Redevelopme¢t Agencies--Fiscal Year 2U04-2010 Sch A(Revised 9-23-10) , Resolution'>€ .Date sent to HCD: mo day yr HCD-A Page 5 of 10 Agency Name: Santa Monica Redevelopment Agenc Adoption date of reportinevear findin¢: _/ / -- mo day yr Exemptions and Defurrals continued Project Area Name: Ocean Park 1 B Resolution # Dafe sent to HCD: mo day yr BOX #5 ldentificatian of Projecf area and explanation if set-aside deposit is LESS TFfA:~I the required minimum Refer To Sch A, page 2, Line 3(a)(4}: lleferral(s} 5. b.(1) If a Deferral was claimed on Page 2, Line 3a(6) to deposit less than the required amount, complete the foltoeving information: N/A Check onl one of the Health and Safety Code Sections below ^ Section 33334.6(d}: Applicable to project areas approved before 198G in which the required resolulion was sent to HCD before September 1986 regarding needing tax increment to meet existing obligations. Existing obligations can include those incurred a4er 1955, if net proceeds were used to refinance pre-1986 {fisted obligators. (Vote: The deferral previously authorized by Seaton 33334.6(ej expired. Bt was only allowable In each fiscal year peior to July 1, 1996 with certain restrictions. ® Other Health & Safety Code Section here: (2) For any deferral claimed on page 2, Line 3a(G) and Line Sb(1) above, identify: Date that inifial (1'r} findiur; was adopted: / / Resolution #E Date sent to HCD: / (_ mo day yr mO / ~ f yr Adoption date of reporting year finding: / 1 Resolution #f Date sent to HCD: /-/- mo day yr. mo ~ day ~ yT (3) A deferred sat-aside per to Sec$on 33334.6(d) constitutes indebtedness to the Horsing Fund. Summarize the amount(s) of set-aside deferred and repayments made dnring the reporting year and the cumulative amount deferred as of end of FY: Calitbmia Rulevclopineu[Agencies-Fiscal Year2009-2070 ' ""'-` Sclr A (Revised:9-28-toj Page 6 of 16 Agency Name: Santa MonicaRedevefoPmentAgency Project Area Name: Ocean Park 1B * T/ae ezrnrulatrve amount of deferred set-aside should also be shmwe ma HCD-C, page 3, Line 8a. - If the prior 1?Y cumulative deferral shown above differs from what was repor4ed on the last HCD report {HCD-A and I-ICD-C), indicate the amount of difference and the reason (use box above if needed): Difference: $ Reason(s): Deferraifsl continued (4) Section 33334.6(g) requires any agency which defers set-asides to adopt a plan to etiminate 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? _1 ~- mo day yr IT yes, when was the oei final plan adopted for the claimed deferral? / I_ mo day yr Identify Resolution ~ Dale Resolution sent to HCD _/_/_ mo day yr When was the last amended plan adopted for the claimed deferral? _/ /_ mo day yt' Identify Resolution # _ Date Resolution sent to HCD _!_/_ mo day yr Actual Project Area Households Disalaced `tad Units and Bedrooms Lost ®ver Renortin2 Year: 6. a. Redevelopment Project Activity. Pm'snant to Sections 33080.4(x)(1) and (a)(3), report by incotpe category the nunber of elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the reportia year, (refer to Section 33413 for unit and bedroom replacem©tt requirements}. - Number of Honseholds/Units/Bedrooms Project Activity VC L M AM Total Households Permanently Displaced -Elderly - 0 Households Permanently Displaced -Non Elderly 0 Households Permanently Displaced -Total - 0 Units Lost (Removed or Destroyed} and Required to be Replaced 0 Bedrooms Lost (Removed or Destroyed) and Required to be Replaced 0 Above Moderate Units Lost That Agency is Not Required to Replace 0 Above Moderate Bedrooms Lost That Agency is Not Required to Replace 0 b. t7fber Activity. Pursuant to Sections 33080.4(a)(i) and (a}(3) based on ac$vities other than the destruction or removal of dwetline units and bedrooms reported on Line 6a report by income ca#ego~ythe number of elderly and nonelderly pouseholds permanently displaced over the renortineyear: - - N.,e.ha.. Br Nn. cahnids OtherAcfivity VL L M AM Tafal Households Permanently Displaced -Elderly 0 Households Permanently Displaced -Non Elderly 0 Households Permanently Displaced -Total 0 c. As required in Section 33413.5, identify, over the xeoor#in2 year, each replacement Lousing plan required to Ire adopted before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms vnpacting the househo]ds reported on lines 6a. and bb. Caliromia RedeveSopment A¢Cncies-Piscai Year 2009-2010 - HCD-A Page 7 of 10 Sch A(Revised: 9-28-10} Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 1 B Date _/_/_ dame of Agency Custodian mo day yr Date _/ !_ Name of Agency Custodian nm day yr Please attach a separate sheet ofpaper listing any additional housing plans adopted. CalifaniaAedevatopnieat Agencies-Fiscal Year 2009-20]0 HCD-A Sch A(Revised: 9-2&t0} Page 8 of 70 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Estimated Proiect Area Households to 6e Pernranenfly Disoiaced Over Current Fiscal Year: 7. a. As required in Section 33080.4(a)(2) for a redevelopment project oftlre agency, estimate over fhe current fiscal v`ear, the number of elderly and nonelderly households, by income category, expectod to be permanently displaced. (Note: actual displacements Yvtlt be reported for the nett reporting yeu' on Lute 6). Nmm~er nr HnnseRnlds ProjectACklvity VL L M AM Total Households Permanently Displaced -Elderly 0 Households Permanently Displaced -Non Elderly 0 Households PermanentlyDisplaced -Total 0 0 0 6 0 b_ As required iu Section 33413.5, far the current fiscal year, identify each replacement housing plan required to be adopted before fhe 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 ofAgency Custodian Please attach a separate sheet ofpaper listing any additional housing plans adopted. Units Develoued Inside the Protect Area to Fulfdl Renuirements of Other Proiect Area(sl 8. Pursuant to Section 33413{b){2)(A)(v), agencies may choose one or more project areas to fulfdl another project area's requirement to construct new or substantially rehabilitate dwelliag 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, ox economic segregation. Were any dwelling units hr 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:! / ma day yr mo day yr Nnmher er Dwellinrr Units Name of Other Project Area(s) ~ ~ Vi. L M Total 0 a 0 0 0 a 0 0 0 0 0 0 0 a Califamia Redevelopment Agencies- Fiscal Year 2009-2010 HCD-A Sch A (Revised:9-?8-t0) ~ - Page 9 of 10 Agency Name: Santa Monica Redevelopment Agency Project Area Name: Ocean Park 16 Sates of Owner Occuuied Units Inside Hre 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 of o~mer-occupied units prior to the expiration of the period of the Land use controls established by ffie agency. Agencies must deposit sale proceeds into tite Low and Moderate Income Housing Fund and within three (3) years fi•om the date the unit was sold, expend funds to make another unit equal in affordability, at the same i^came Level, to the unit sold. b. Were reporting year fiords spent to make units equal i^ affordability to units sold over the fast three reporting f- Total LMIIIF Spent On Equal Units Over Re ortin Yoar Number of Units SALES VL L M Totai Units Made Equaf This Reporting Yr to Units Sold Over This Reporting Yr 0 Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago 6 Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago 0 Unifs Made Equai This Reporting Yr to Units Sold Three Reporting Yrs Ago - 0 Affordable baits to be Constructed Inside the Proieet Area Within Two Years 16. Pursuant to Section 33080.4{x)(10}, report the number of very low, low, and moderate income units to be financed by any federal, state, IocaF, or private source in order for construction to be completed within two nears fiom the date of the agreement or aantraet executed over the reportine near. Ideutify the project and/or conh'actor, date ofthe executed agreement or contract, and estimated completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on HCD-C, Line 7a: such as for capital outlay or budgeted funds intended Yo be encumbered for project use within two years from the reporting year's agreement or confiact date. DO NOT REPORT ANY UNICS ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR T.. cal A cote Cal CC caa DD cot E Name of Agreement Estimated Sch C Amount Sch C Amount Project and/ox Execution Completion Date Encumbered Designated Contractor Date w/in 2 rs of Cpl B Line 6a Line 7a VL L M Tafaf 3 $. 0 $ $ 0 $ $ Please attach a separate sheet of paper to list additional information. Did the agency permit fhe sale of any owner-occupied units duriug the reporting year? t- Total Proceeds Prom Sales Over Reporting veer Number off Units SALES VL L M Total Units Sold Over Reporting Year - _ __ 0 Sales. ^/ No ®`(es Equal Units. years? ~No (]Yes California Redevelopment Agencies-Fiscal Year 2069-2070 HCD-A Sc1iA (Revised: 9-28-16) Page 10 of 10 SCHEUULS HCA-B Outside Project Area Activity for Fiscat Year Ended ~[~/~/~ Agency Name: Santa Monica Redevelopment Agency Preparer's Natne, Title: Sarah Johnson. Administrative Analys4 Froject Name: Outside Project Areas Preparer'sE-IvlailAddress:sarah.iohnson(eilsm4ov.net Preparer's Telephone No: (310} 458-2232 Preparer'sFacsimileNo: (310)396-6036 Aetual Households Displaced and Units and Bedrooms Lost Outside o£ Proi ect Area(s) Over Reporflng Year 1. 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 bedromns removed or desfroyed, over the reporting near, (refer to Section 33413 for unit and bedroom replacement requieemcnts). Number of Households/Units/Bedrooms Activity -- VL L M AM Total Housefiolds Permanently Displaced -Elderly 0 Households Permanently Displaced -Non Elderly Households Permanently Displaced - Total 0 p 0 0 Units Lost {Removed or Destroyed} and Required to be Replaced 0 Bedrooms Lost (Removed or Destroyed) and Required to be Replaced 0 Above Moderate Units Lost That Agency is Not Required to Replace ~ 0 Abovo Moderate Bedrooms Lost That Agency is Not Required to Replace 0 b. Other Activity. Pursuant to Sections 33080.4(a)(1}and (a)(3) based on activities other than the destruction or removal of dwelling units and bedrooms reported on Line la, repoR by income categoryttee number of elderly and nonelderly households permanently displaced over the reporting year. Number of Households Activity VL L M AM Total Households Permanently Displaced -Elderly 0 Households Permanontly Displaced -Non Elderly 0 0 Households Permanently Displaced-Total c. As required in Section 33413.5, identify, over the reporting near, each replacement housing plan required fo he adopted before the permanent displacement; destuction, and/or removal of dwelling units and/or bedrooms impacfing the households _ reported on lines la. and lb. Date _J /_ ~ Name of Agency Custodian mo day yi ~ ~ _ Date (_/_ Name of Agency Custodian mo day yr Please attach a separate sheet of paper listing any additional horsing plans adopted Catifomia Redevelopment Agencies-Fiscat Yeao 2009-2010 HCD-B Sch B (Revised: 9-28-2010) ~ - _ Page 1 of 2 Agency Name: Santa Monica Redevelopment Aoency HCD&{Outside Project Area) Cstimated Households Outside of Praieck Area(sl to be Permanently Displaeed Over Current Fiscal Year: 2. a. As required in Section 33080.4(a)(2) for a redevelopment protect of fhe agency, osnmat° over khe can ant fiscal year, fire number of elderly and nonelderly households, by income category, expected to be pertnanently displaced. {Nola: actual displacements will be reported for thenext reporting year on Line 1}. D' I t Number of Households - h. Es#rma#ed Permanent is acemen s Activity VL L M AM Total Households Permanently Displaced -Elderly Households Permanently Displaced -Non Elderly Households Permanently Displaced -Total As required in Section 33413.5, for the current &scal year, identify each xeplacemenf housing plan required to be adopted before the permanent displacement, destruction, and/or removal of dweIIingunits and bedrooms itnpacting the households reported on Za. -ate _1 ~ / Name of Agency Custodian too day yr Date _/_/ Name of Agency Custodian ma day yr Please attach a separate sheet of paper listing any additional housing plans adopted. ] Sales of Owner Occupied Uruts Outside of Project Area(s) Prior to the Expiration of Land Use Controls 3. Section 33413(c)(2)(A} specifies that pursuant 4o an adopted program, which includes but is not limited to an equity sharing program, agencies may permit the sale oP owneroccupied units prior to ifie expiration of the period of t(te ]and use controls established by the agency. Agencies must deposit salt proceeds into the Low and Moderate Income Honsing Fund and within three (3) years from the dale the unit was sold, expend funds to make another unit equal in affordability, at t(ie same income level, as the unit sold. - a. Sales. Did the agency permit the Sala of any owner-occupied units during the reporting year? ^/ No ^Yes - <- Total Proceeds Flom Sales Over Reporting Year Number of Umts Income Level VL L M Total Units Sold Over Current Reporting Year b. Equal Units. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting ONo years? - ^Yes Y b f Units - f- Total LR?IHF spent on Equal Units Over Reporting Year Income Level - z um er o r VL L M Tota! Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago Units MadeEaual This Repartinp Yr to Units Sold Three Reporting Yrs Ago Affordable Units to be ConstruMed Outside of Project Area(sl Within Two Years From Date of Agreement or Contract 4. Pursuant to Section 33D80.4(a)(10), report the number of very low, low, and moderate income units to be financed by any fedexa}, state, Iocal, or pricafe source in order for construction to be completed within two years fronrthe date of the agreement or contract executed over [he reporting veal. Identify the project and/or contractor, date of the executed agreement or contract, and estimated completion date. Specify the amount reported as an encmnbrance on HCD-C, Line ba. and/or any applicable amount designated on HC--C,- Line 7a. such as for capital outlay or budgeted funds intended to $e encumbered for project use within two years front the reporting yeaz's agreement or contract date. - DO ~'OT REPORT ANY UNITS SHOWN ON SCHEDULES HCD As OR Ds. Col A r -Cot B Cot 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 s of Cot B [Line 6a [Line 7a] VL L M Total High Place West 11t24/20D9 D1l01/2012 $ $ 47 D 47 297-225 Bicknell Avenue 8!1612009 03!01/2011 $ $ 13 13 S S 0 lease attach a separate sheet afpaper to list addifional mrormauon. [ Catifomia kedevclopment Agencies-FiscaE Sear 2009-2010 HC--B Sch B (Revised; 9-28-2070) ~ - _ Page 2 of 2 SCHEDULE RCD-C Agency-wide Activity for Fiscal Year Ended 06 /30 12010 Agency Name: Santa Monica Redevelopment Agency County:Los Angeles Preparer's Naine, Thle:Giai Decavanes-Hughes Adm'n Sv sOificer Preparers B-Mail Address: aiai.decavalles(a~stnoov.nat Preparer's TelcphoneNo: (310)458-8757 Prepar•er's Farsimite No: (310)391-9996 Law & Moderate Income Rousing Fnnds Report on the "status and use of the agency's Low and Moderate Tncome Honsing Fund." Most hiformation reported here should be based on information reported to the State Canuoller. B¢ginning Balance (Use "Net Resources Available" from last fiscal year raport to IICD) $ 12 789 027 a. [`i3eatnninF Balance requires ad'uLstment(sl describe and provide dollar amounflt~o'itive/neQativel makine up total adiustment: Use <$ > for negarivc amounts or amounts to be subtracted. b. Adjusted Beginning Balance [Beginning Balance plus+or minus <-> Tota[ Adjustments}] $ 12.789,027 2. Project Area{s) ReceSpfs and Hansing Fiend Revenues a. Total Proleet Areas}Receipts. Total Summed amowitofHCD-Schedule A(s)(from Line 3k) $ 23,321,474 b. Housing Fund Resources not reported on 1-ICD Schedule -A(s) Describe and Prrovide -ollar Amount(s) (Positive/Negative) Making Up 1'otaE Housing Fund Resources S G Total Housing Fund Resources 3•. Total ResotarceS (Line lb.+Line 2a+Line Zc.) $ 0 S 36,110,501 NOTES: Many amounts to report as Expenditures and Other Uses (begirming mr the next page) should be taken fiom amounts reported to the State Controller's Office {SCO}. Review the SCO's Redevelopment Agencies Financial Transactions Report. Housing Fund "transfers-out" to other internal Agency funds: Report the specific usebf all h'ansferred funds on applicable lines 4a: k o£ Schedule C. For example, transfers fiom 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 cmnprising HCD-C Line 40, ptnviding tax increment (g~oss and deposit amounts) were reported on Sch-As. External hransfers out of the Agency shoald be repotted on IICD-C Line 4j (e.g.: transfer of excess st[rplus to the County Housing Authority}. Other Uses: Non-GAAP (Generally Accepted Accounting Principles) recording of expenditures such as land purchases for agencies using tha Land Held £or Resale method to record land purchases should he reported on HCD-C Line 4a{1). Funds spent xesuiting in loans to the Housing Fund should be included in HCD-C lines 4b., 4f, 4g., 4h., and Ai as appropriate. TJre statutory citepertaining to Cormntartiry Redevelopment Lmv (CRL) ispr~videdforpreparers to review to iteteratine ilte appropriateness of Lmv and Moderate Lrcarne Housing Ftand (ENTICE) expeuditrrres and of/ter uses. HCD noes trot represent Utnt tine lfents irleniijying any expenditures trnd of/rer uses are allmvabte. CRL is accessible on the Internet (rvebsite: h~t•/h*nvw leeinfo ca eav/ (Ca/tfa'nui Law)] beginning tvit/r Section 33000 of the Fleah[t and Snfeiy Cade. California Redevelopment Agencies-Fiscal Year 2009-2010 HCD-C Sch C (Revised: 9~2&10) Page l Of 11 Agency Name: Santa Monica RedevelopmentAgency 4. Expenditures, Laans, and Other Uses a. Acauisitiou of Pronertv~Buildine Sites f333342(el(111&Housina f333342(el(6 (1} Land Purchases (Gavestmettt-LarrdHeldfor Resale) $ (?) Hausing Assets (Ftxed~lsset) ~ ~ $ (3) Acquisition Expense $ (4) Operation ofAcquited Property $ (5) Relocation Costs $ (6} Relocation Payments $ (7) Si#c Clearance Costs $ {$) D15pO5al Casts - $ (9) Other [Explain and identify amount{s}]: $ RepoJ•ted to SCO aspart of Assets and Other Debts {I O} Subtotal PraperryBuilding SiteslHousing Acquisition {Sum of Lines 1 - 9) $ 0 b. Subsidies from Low and Moderate Income Housine Fund (LMll-IF')• . (1) Irt Time Homebuyer Down Payment Assistance $ (2) Rental Subsidies - $ 921,D16 (3) Purchase ofAffordability.Covenants (33413 (b)2(B)] $ (4) Other [Explain and identify amount(s)]: $ $ $ $ 0 (5} Subtotal Subsidies from LIMIHF (Sum of Lines 1 -4) $ 921.016 Deht Service [33334 2(e}(9N. If paid &nm LMIHF, report LMIfiF"s share o£debt service. If paid fiom Debt Service Fund, ensure "gross" tax increment is reported on HGD-A(s} Line 3a(1}. (f) Debt Principal Payments (a) 1'axAllocation,Bonds&Notes ~ $ 588,D00 - (b} Revenue Bonds & Certificates ofPatticipation $ (c) City/County Advances & Loans $ {d) U. S. State & Other Long-Term Debt $ (2) Interest Expense $ 811,973 (3} Deb#Issuance-Costs - - $ (4} Other [Explain and identify amount(s)]: {5) Subfotal Debt Service {Sum of Lines i - 4) d. PlannineandAdministrafionCostsf333343(el(tli: (1) Adminishation Casts (2} Professional Services (non proiec[soecific} {3) Planning/Survey(Design (non proiect saecific; (4} Indirect Nonprofit Costs [33334.3(e)(I)(B}} (5) Other (Explain and identify amount(s)]: $ $ $ $ 1,3.49975 $ 154,029 $ $ n (6) Subtofal Planning and Administration (Sum of Lines 1 -5) $ 154 029 CaGfomia Redevelopment Agencies-Fiscal Year 2004-2010 L-ICD-C Sch C (Revised: 9-2&10) Page 2 of I I Agency Name: Santa Monica Redevelopment Agency - ' 4. Expenditures, Loans, and Other Uses (continued) e. On/Off Sife improvements [33334.2(e)(2)] Complete item l3 $ f Housing Construction [33334.2(e}(5)] $ 2.140.108 g. Housing Rehabilitation[33334.2(e}(7)] _ $ 8.297,145 h. -Maintain Supply of Mobilehome Parks [33334.2(e)(lo}] $ 29,913 i. Preservation of At-Risk Units [33334.2(e)(I1}] $ _,(. Transfers Out of Agency (1) For'Lransi[ village Development Plan (33334.19) $ (2) Excess Surplus [33334.12(x)(1}(A}] $ (3) Other (specify code section authorizing transfer and amount) . A. Section $ B. Section $ Other Transfers Subtotal $ 0 (4) Subtotal Transfers Out ofAgency (Sum ofj(1) throughj(3)) $ 0 k. SERAF loan [33334.2 (k)] .Also complete Line 8e (below) and Box 23, pg 9. $ 1. Other Expenditures, Loans, and Uses [Explain and idontify amount(s}]: F F Subtotal Other Expenditures, Loaus, and Uses $ 0 m- Total Expenditures, Loans, and Other Uses (Sum of lines 4a.-1.) - $ 12.942.184 ~- Net I20SOUa'ces Available [End of Reporting Fiscal Yeu~] [Page 1, Line 3, Total Resources minus Total Expendinnes, Loans, and Other Uses an Line 4,1.] $ 23.168.317 6• Encumbrances and I)nencumbered Balance a. Encumbrances. Amount of Line S reserved for future payment of legal conh'act(s) or agreement{s). See H&SC Section 33334.12(8)(2) for definition. Refer to itenil0 on Sch-R(s) and item 4 an. Sch-B. b. Unencumbered Baimrce (Line 5 minus Line 6a). Also enter on Page 4, Line 1 I a. - S 23 168 317 7- Designatedl[Jndesignated Amount of Available Fonds a. -esignated From Line 66- Eudgefed/planned [o use near-term $ Refer do item 10 on Sch-A(sJ mtd item 4 on Sch-B 19 802.395 b. Undesignated From Line 66- Portion not vet budgetedlplanned to use $ 8. ®ther HOUSing Ftmd Assets (non recmrant receivaFiles) not htcluded as part of Line 5 a. Indebtedness from Deferrals of Tax Inclement (33334. [refer fo 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 LIousingActivities $ d. Residual Receipt Loans (periodiclfluctua6ng payments) .$ A4175756 e. SERAF TaTal Receivable [Sec 33334.2 (k)] _ (Also report in Sch C, Box 23, pg 9.} $ £ ERAFLoansReceivable{allyears)(336S1) $ g. Other Assets IExnlain and identify amount(s)1: h Total Other Housing Fund Assets (Sum of lines 8a.-g.) ~. TOTAL FUIBD EQi7ITY $ - 34.175.756 Comnare 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 I.0 W-MOB FUND TOTAL EQUITIES {BALANCE SHEET) REPORTED TO SCO $ California Redevelopment Agencies-Fiscal Year 2009-2010 HCD-C Sch C (Revised: 9-zs-lo) Page 3 of 11 Agency Nane: Santa Monica Redevelopmen#Agency Excess Surulus information Pursuant to Section 33080.7 and Section 33334.12(g)(I}, report on Excess Surplus that is required to be determined on the f»st day of a fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the Rreater of: {1) $ 1,000,000 or (2) She age}'egate amoutrt of tax increment deposited to the Housing Fund during the prior four fiscal year's. Section 33334.12(g)(3}(A) and {B) pt'ovide that the Unencumbered Balance can be adjusted for (1) any remaining revenue generated in the reporting year firm 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 va[uc of land and the value received. The Unenetwbered Balance is calculated by subhucting encumbrances fi•om Net Resources Available. "Encumbrances" u'c funds reserved and committed pursuant to a legally enforceable conh'act or agreement for expenditure £m• authorized redevelopment housing activities [Section 33334.i2(g)(2)]. - - For Excess Surplus calculation pwposes, 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) $ t million or (2}the total of tax increment deposited over the prior tow' years. Subtract the largest amount fiom the Adjusted Balanec and, if positive, repm~t the amount as Excess Surplus. iR F.xreca Rnrnlns: Complete Columns 2, 3, 4, & 5 to calculate Excess Surplus for the repotting ycer. Columns 6 and 7 track prior years' Excess Surplus. Column 1 Column 2 Column 3 Colmnn 4 Column 5 Column G Column 7 Sum ofl'ax Cun'ent Current - Amount 4 Prior and Total Tax Increment - Re o~rtine Year " Re on rtin¢ Ye<'v Expended/Encumbered Remaining Excess Current increment Deposits Over 1 Day 1"Day AgainstFYBalance of Surplus for Each Reporting Deposits to Prior Four Adjusted Excess Surplus Excess Surplus as of fiscal Year as of Yeaes IIousingFund FYs Balance Balances End ofReuarfine Year End ofRenortine Year 4 Rpt Yrs Ago F7C n61n7 $ 11,629,988 $ $ $ 3,R~t YrsAgo - $ . FY 07 O8. $ 13,110,428 $ $ 2 ~ Yrs Ago FY 08!09 $ 14,257,950 $ $ $ 1 Rat Yr Ago . 1rY n9t1n $ 14,705,348 $ $ $ CURRENT S7rm ofColutnn2 Last Yeu's•SchC Colo minusaar°er Repotting Adirustcd Balance ofCol3 or$imm ort osidve Year $ 53,703,714 $ 5,041,166 $ $ ~ ~ $ EY 09/10 11. Reporfin~ Year Endiug Unencumbered Balance and Adjusted Isatance: a. Unencumbered Balance (End of Year} [Page 3, Line 6b] $ 23.168.317 b. If eligible, adjust the Uneucum6ered Balance for: (1) Debt Proceeds [33334.12(8){3)(B}]: Identify unspent deb[ proceeds and related income remaining at end of reporting year $ (2) Land Conveyance Losses [(33334:12(g)(3j(A))]: _ ldenfify re orti~ ne veu losses from sales/grants(leases ofland acquucd with low-mod funds, if 49% or more of new or rehabilitated units will be affordable to lower-income households $ ]2. AdjUSted B8fanCenext ear's determination ofExccss Swplus)[Line llamin~s sum of 116(1}&llb(2)] $ 23,168,317 Note: Do pat enter Adjusted Balanre in Col 4. It is to 6e 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 h'ansfetring, encumbering, or expending excess stuplus: b. If fhe plan described in 3 2a. was adopted, enter [he plan adoption date: _/ 1 me day yr California Redevelopment Agencies-Fiscal Year 2009-2010 HCD-C Sch C (Revised: 9-2E-ro) Page 4 of 11 Agency Name: Santa Monica Redevelopment Agency Miscellaneous Uses of Fnnds 13. If an amount is reported in 4e., pursuant to Section 33080.4(a)(6), report the total number of very low-, low-, and modetate- income households That dh~ectly benefited fi'om expenditm~es for onsiteloffsite 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 Efimination off Health and Safety Hazard - Duration off Deed Restriction Very Low Low Moderate 14. If the agency is holding land fos• future housing develonment {refer to Line 86), 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 NamelLoeation'~ No. of Acres Zoning Purchase Date Estimated Date Available Comments Please attach a separate sheet of paper listzng any additional sites no[ reported above. 15. See[ion 33334.13 requh~es agencies which have used the Housing Pund to assist mortgagors in a homeownership mortgage revenue bond program, or home financing program described in that Section, to provide the following information: a. Has your agency used the authority related to definitions of income or family size adjustment factors provided in Section 33334.13(a)? Yes© No © Not Applicable h. Has the agency cmnplied with requirements in Seetion 33334.I3(b) related to assistance far very tow-income households equal to twice that. provided for above moderate-income households? - Yes ® No ^ Not Applicable. ^ Califonua Redcvclopment Agencies- Fiscal Year 2009-2010 ~ HCD-C Scls C (Reeked: 9-2R-16) Page 5 of 11 Agency Name: Santa Monica RedevetopmentAgency I6. Bid the Agency use non-CHINE funds as matching Curds far the Federal I-TOME or HOPE program during the repotting period?~ YES ® NO If yes, please indicate the amount of non-LMillf funds that were used for either HOME or IIOPE program support. HOME$ HOPE$ 17. Pursuant to Section 33080.4(a)(1 I ), the agency shall maintain adequate records to identify die date and amount of alt LbiIHF 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 NOTSUBb17TANY DOCU.blENTS/RECORDS. Has your agency made any deposits to or withdrawals flora the Lr141HF? Yes /^ No ^ If yes, identfy the document(s) describing tl;e 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, jaurpal, etc.): Nance oPAgency Custodian (person): Custodian's telephone number: - - Place where record can be accessed: Name ofdacument (e.g. ledger;journal, etc.}: Name ofAgency Custodian (person}: Custodian's telephone number: Place where record can be accessed: Cash Flow Statement Glai Decavalles-Hughes (310)458-8757 - 1901 Main Street. Ste C Santa Monica, CA 90405 18. Use of Other (non Low Mod Fundsl Redevelopment Funds for HousinE Please briefly describe the use of any non-LlviIl-1P redevelopment foods (i.e., conhibutions from the other80% of tax increment revenue or other non Low-Mod funds} to construct, improve, assist, or preserve housing in the community. - TheAgency contributed $3,307,574 toward affordabEe housing projects. 19. Sneeestians/Hesonrce Needs Please provide suggestions to simplify and improve future agency reporting and identify any raining, information, attdlor 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? - 26. Annual iVIoniforin Reports ofPreviausly Completed Affordable Housine PrroiectslPro2rams iH&SC 33478} Were all Annual Monitoring Reports received for all prior years' affordable hoaxing projectslprogtmns? Yes ^ No ^ CelifomtaRedeve7opmentAgrnciae ~Piswl Yeo[ 2009-207 6 HCD-C Sefi C (Revised: 9-28-10} Page 6 of I t Agency Name: Santa Monica Redevefopmenf Agency 21. Excess Surulus Expenditure Plan (H&SC 33334.10(u) California Redevelopmxnt Agencies-Fiscal Year 2009-2010 _ tiCD-C Sch C (Revised: 9-28-10) Page 7 of 11 Agency Name: Santa Monica Redevelopment Agency 22. Fooinote ataa to provide addifionat informafian. Ca7ifomia Redevelopmeak Agwcies-Fiscal Year 2C09-2010 ACD-C Sch C (Revised: 9-?%-10) Page 8 of I t !lgency Name: Santa Monica Redevelopment Agency 23. Accounting for SERAF REPAYMENTS -AGENCY WIDE, ALL YEARS Instructions: o Fnr FY2009-10: Add amounts suspended & loaned tl:eu enter total in Co14. o For FYZO10-11: Add the amount loaned (for SERAF payment only) fo the remaining balance in Col 4 from FY2009-10., then subttnct any amount repaid, and enter the net total in Col 4. ®For all other fiscal vears fno to Jnne 30. Zt1161: subtract the amount of SERAF repaid during each fiscal year from the prior year's remaining balance in Colo. Continue repaying the Low Mod Pund unfit the entire amount of any SERAF suspended and/or loaned has beenrepaid in frill, pursuant to the repa}anent timefi~ames listed in the Health and Safety Cade Sections cited below Col 1 Co12 Col 3 _ Col 4 Specify Amount Amount Loaned for .Amount SERAF SERAF Balance FiscalYearof Susuended SERAF navment REPAID Remaining any ONLY in in FY2009-10 in each Renor[ine repayment PY 2009-10 or Fiscal Year In FY2010-11 - zao9-zolo 2010-2011 2011- 2012 2012-2013 2013 - 2014 2014-2015 ,~ tt' t t 2015-2016 t 1 , s t Suspending Funds to pay SERAF in FY2009-10 : - H&SC Sectlon 33334.2(k}(1}(2}(3) Pursuant to the H&SC Section 33334.2 (k)(1)(2)(3) agencies ate authorized to make SERAF payments by suspending tae incrcmem revenue from being deposited into the Law Mod Funds. Any suspension of fiords is limited to Fiscal Year 2009-10 and must be paid back in full to The Low Mod Fund no Fater than June 30, 2015. Borrowing Funds to pay SERAF in FY2009d0 : - H&SC Section 33690(c}(1)(2) Pursuant to H&SC Section 33690(c)(1){2), For Fiscal Year 2009-1Q, agencies can pay the SERAF by borrowing funds from the Low Mod Housing Fund, but must pay back all of the borrowed funds no later Than June 30, 2015. Borrowing Funds to pay SERAF in FY2010-11 : - A&SC Section 33690.5(c)(1)(2) Pursuant to H&SC Section 336905(c)(1)(2), For Fiscal Year 2010-I1, agencies can pay the SERAF by borrowing funds from the Low Mod Housing Fund, but must pay back all of the borrowed funds no later than June 30, 2016. - Penalties exist for not repaying SERAF to Low Mod Fund: Refer to A&SC Sections 33020.5, 33331.5, 33334.2, 33688, 33690, 33690.5, 33691 and 33692. California RedevclopmeotAgencies-Fiscal `tear 2009-2010 - - HCD.C Page 9 of 11 Sch C (Revised: 4-28-10) Agency Name: Santa Monica Redevelopment Agency 24 . Protect Achievement and HCD Bireetor's Arvard €or Housing Excellence Project aclilevement information is optional but can serve important purposes: Agetrcies' achievements can inform others of srwcessCul redevelopment projects and provide instructive information for additional successful projects. Achievements mny be included in HCD's Annual Report of Housing Activifies of Catifarnia RedevelopmentRgencies to assist other [oca€ 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 may be selected based on criteria such as local affordable housing need(s) met, resources utilized, bazriers overcome, and project innovation/complexiEy, 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 prcviousty reported as an achievement To pubfrsh agencies' achievements in a standard format, please cmnplete infmmaiioa far each underlined category belmv addressing suggested topics in a narrative format that does not exceed two pages (see exmraple, next page). Ira addition to subnaittittg irtformafion with other HCD forms to the State Cmah•oller•, please submit achievement information an a 3.5 baeh diskette and ident fy the sofflvare type and version. For comereience, the diskette can be separately availed to: HCD Policy Division, 1800 3"r Street, Sacramento, C;1 95811 ar dada Cara be attached to aaa email and smat to "appropriate staff by in9uiring of appropriat staff's name and email address by calling 976.445-4728. AGENCY IPIFORINIATION ® Project Type (Choose one of the categories below and one kind of assistance representing the rimar project type): New/Additional Units (Previously Unoccupied/Uninhabitable}; Existing Unlfs (Previously Occunied} - New Consruction to own - Rehabilitation of Owner-Occupied - New Consnuction to rent - - Rehabilitation of Tenant-Occupied - Rehabilitation to owm - Acquisition and Rehabilitation to Otvn - Rehabilitarion to rent ~ - Acquisition and Rehabiitation to Rent - Adaptive Re-use - MobilehomesfManufaetured Homes - Mixed Use Infitl - Payment Assistance fm' Owner or Renter - NiobilehomesJManufacmrod Homes - Transitional Housing - Mortgage Assistance - - Other (describe) - - Transiflonal Housing _ - Other (describe) a Agency Name: m Agency Contact and Telephone Number for the Project: DESCRiPTI6N o Project Name - o Clientele served [owner, tenter, income group, special need (e.g. large family or disabled), etc.] o Number and Type of units and location, density, and size of project relative to other projects, eta o Degree of affordability/assistance rendered to families by project, etc. e Uniqueness (Sand use, design features, addtional services/amenitiesprouided, funding sources/collaboration, before/a8er project conversion such as re-race, mixed use, etc.) o Cost (acquisition, cleasr-up, infrastructure, conversion, development, etc-) HISTORY o Timefi'ame from planning to opening a Banietskesistance (IegaUftttancial/community, etc-) that were overcome ® Problems and ct'eative solutions found o Lessons learned and/or recommendations far undertaking a similar project AGENCY ROLE AND ACHIEVEMENT e Degree of involvement with wneept, design, approval, financing, construction, operafion, and cost, etc. a Specific agency and/or community goals and objectives met, etc. California Rcdevefopment Agencies-Fiscal Year 2G09-2010 HCD-C sch e (Reused: 9-28-10) Page 10 of 11 Agency Name: Santa Monica Redevelopment Agency -. ProiectTvue• NEWC®1ySTRUCTI®N-®WNC+RCCCUPIEID Redevelopment Agency Contact: Name (Area Code}'Telephone #1 ProjcctlProgram Name: Project or Program Description ~ - - Dining the reporting year, construction of t2 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 hones took 10 months to build. The families' work on the homes . was converted into "sweat equity" valued at $t5,000. The first mortgage was from CHFA. Families were also given an affordable second mortgage. The second and third mortgage loans were fimded by LMIHF and HOME funds. li1'storv The (Gifu or Countyl of struggled for several years over what to do about the area. The tried to encourage development hi the area by rezoning a large pmti on of the area for mulfi-fermi ly use, and twice attempted to create improvement districts. Noue 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 itl will between the residents of the and the'(City or County). The introduced the project in with discussions ofhow the Agency could become involved in improving the blighted residential neighborhood centering on . This area is in the core area of tower and was developed with disproportionately narrow, deep lots, based on a subdivision plat laid in 1450. Residents built then 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 properkies. 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 rivelve affordable homes. A2encv Role Tha 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 ofthe surrounding municipal property; high development cost due to need for installation of street improvements, utilities, a storm drain system, and undergrounding of a flood control creek; and aloes-income neighborhood in which property. safe 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 sheet improvements, u#ilities, storm drainage, and the undergrounding of Creek. These improvements cost the Agenoy approximately $l.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. CalSornia Redevelopment Agencies-Fiscal Year 2009-2010 HCD-C Sch C {Revised; 4-28-10} - - Page I 1 of~ I 1 SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different ProjectlProgram (arealname/agv or nonage dev/rental or owner), complete a Di and applicable D2-D7 Examotes: 1: 25 minor rehab (Nonagy Dev): Area 7: 15 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 (restricfed): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3. 4: 10 new (Outside). 2 Agy Dev (resfricted Rental), 8 Nonagy Dev (nonrestrrcted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing ProjectlProgram: ProjectlProgram Address {optional); Street: 145?, 14th G#raaT Owner Name (optional}: Yotal ProjecUProgram Units: Restricted Units: Unrestricted Units: # ~20 # 20 # 0 ~or proiectslprp4rams with no RDA assistance do not complete anv of below or anv of HCD D2-Dfi Onlv 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 # 0 Number of bedrooms occupied by ineligible persons (e:g. ineligible income(# of residents in unit) at FY end # 0 Number of units restricted for special needs: (numbermust not exceed "Total Project Units # 20 Number of units restdcted that are serving one or more Special Needs: # 20 ^ Check, if data not available (wo[e: H untr mdy serve tnmupre apeaar rveew UGIUW. JUfU UI tlll t/IG UGIUYV Vtll! GELCGII L(Itl ivwuucr-w wnra auvvo~ ~ DISABLED (Mentat) ~ FARMWORKER (Permanent) # TRANSITIONAL HOUSING t DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # 20 ELDERLY f FARMWORKER (Migrant) # LARGE FAMILY ~# EMERGENCY SHELTERS (4 or more Bedrooms) (allowable use on wRh "Other Housing Affordability and/or Special Need Use Restriction Term (enter day/monfh/vear using digits, e.p. 07!01(2002}; Re lacement Hcusin Units Inclusiona Housin Units Other Housin Units Provided WithLll-0IHF WithoutLMIHF Restriction Start Date 02101 2007 Restriction End Date Perpetuity Funding Sources: Santa pdnnira Rarievatnnmant Aganry FaMlir<i wka Rnrovaiv Radpvelntym_pnt P1,1(ert Arpa Ocean Breeze Apartments City: Z6P: Banta Mnnira 90404 Redevelopment Funds: $ 5,7x7.618 Federal Funds $ 350.000 State Funds: $ 997.120 Other Local Funds: $ Private Funds: $ 916,838 Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ 3,374,528 Total bevelopment/Purchase Cost: $ 11,406,104 Check all appropriate farm{s) below tha4 wilt be used to identity aEl of this Project'slProgram's Units: ^ Replacement Housing Units Inciusionary Units: Other Housing Units Provided: (Sch HCD-D2) 0 Inside Project Area (Sch HCD-D3) ^ W ith LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6) ^ No Agency Assistance (Sch HG0.D7) California Redevelopment Agencies-Fiscal Year 2009-2070 - HCD-D1 Sets D1 (Revised: 4-28-10) SCHEDULE HGD-D3 - INCLUSIONARY HOUSING UNITS (INSIDE PROJECT ARFJt} (units not claimed on Schedule D-4,5,$,7) {units with required affordability restrictions that agency or community controls} Agency: Santa Monica Redevelopment Agency Redevelopment:Project Area Name: Earthquake Recovery Redevelopment Proiect Area Affordable Housing Project Name: Ocean Breeze Apartments Check only one, tf both apply, complete a separate form for each (with another Sch-D1): ^ Apencv Developed ~ Non-Agency Developed Check only one. If both apply, complete a separate form for each (with another Sch-D1): ^~ Rental ^Gwner-Occupied Enter the number ofi units for each applicable activity below: Note: `INELG"refers to a household that is no longer eligible but stilt a temporary resident and part of the total A. New Construction Units: Eldery Units - Nan Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOO TOTAL INELG. VLOW LOVJ MOD TOTAL INELG. VLOW LOW MOD TOTAL ENELG. ' 14 6 20 ~ ~~~ ~ 14 6 0 20 Of Total, identify the number aggregated from other project areas (see HCD-A{s), Item B): B. Substantial Rehabilitation (Post-`93JA6129ti Definition of Value>25°!e: Credit fordbliaafians Stnce 1994): - Elderly Units Non Elderly Un'sfs TOTA6 Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL (NELG. ~oa_ _ ~a ~ ~ ~~o Of Total, identify the number aggregated from other project areas (see HCD-A(s), Ifem &): C. Acquisition of Covenants !post-'937A61290 Reform: Only Multi-Family Vlow & Low & Other Restrictions): Elderly Uaits Non Elderly Units - TOTAL Elderly & Non Elderly Units VLOW LOW McOD TOTAL INELG.. VLOW LOW MOD TOTAL (NELG. VLOW LOW MOD TOTAL INELG. it 0 ~ ~ ~ U . 0 TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly 1 Non Elderly Units"): I 20 I lfTnTAT. TINTTS is Zees than °Tp1af Praied UnJls° or: NCD ScF:edrde Dl, report rbe reapaininfi nails as instrrrcfed belmv. Check all appropriate forms} listed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units ^ Inciusionary Units (Outside Project Area) Other Housing Units Provided: {Sch HCD-D2} (Sch HCD-D4} ^ With LMIHF (Sch HCD-D5} ^ Without LMIHF (Sch HCD-D5) ^ No Assistance (Sch HC6-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. mr~o ~ o ~ fl ~ 0 0 California Redevelopment Agencies • Fiscal Year 2009-2010 HCD-D3 Sch D3 (Revised: 9-28-10) SCHEDULE HCD-D1 GENERAL PROJECTIPROGRAM INFORMATION For eacfi different Project/Program (area/name/agy or nonaav devlrental br owner), complete a D1 and applicable D2-D7 Examples: 1: 25 minor rehab (Nonagy DevJ: Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1s, & Bs3-4-5. 2: 20 sub rehab (nonrestricfed}: Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Renfs/s. Comptete 2 D-1s & 2 D-5s. 3: 15 sub rehab (resfricfed}: Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3. 4:.10 new (Outside). 2 Agy Dev (restricted Renaa!}, 8 Nonagy Dev (nonrestriofed 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 (optima!); Street: a GZn ath St t Owner Name (optional): Total Project/Program Units: Restricted Units: Unrestricted Units: # 62 # 0 ~ # 62 For nroiectslnrograms with no RDA assistance do not complete env of below or env of HCD D2-D6. Onfv complete HCD-D7. Was fhis a federally assisted mull[-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 resticted for special needs: (number must 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 mural t DISABLED{Mental} "- DISABLED (Physical) r FARMWORKER (Migrant) 'apeC(a! fVeatTS-OeIOW. Jtltll U! av luG uGruw cau vnwcu we .vw uuc, ~ .. ~•~~ FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use only with `Other Housing Units Provided - INdhout LMIHF"Sch-Df __...__ c.....,:^~ ar..,.a ~ ~~n oc~birlinn Tcrm len4ar davtmnnth/veer using digits. E.q. U7tU1lLUUZf: ,..,..,..,a.,.n.y a ......... . ........ ~,.._.. ,..,_ .___-.._-._ Re lacement Housin Units ... _..._ _.__ __ Inclusions Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date Restriction End Dafe Perpetuity Funding Sources: c....e.. nn^..:^., o.,,~o.,ninnma„t Arfanry Farthnirke Recovery Reda~~a nmant Prniart Rraa 1539 4th Street City: ZIP- Santa Monica 90401 Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Locaf Funds: $ Private Funds: $ Owner's Equity: $ TCAC1Federal Award: $ TCAClState Award: $ Total Development/Purchase Cost: $ 0 Check aII appropriate form(s) below that will be used to identify allot this ProjecYslProgram's Units: ^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided: {Sch HCD-D2} ^ Inside Project Area (Sch HGD-D3} ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HGD-D4) ^ Without LMIHF (Sch HCD-D6) D No Aaencv Assistance {Sch HCD-D7) . California Redevelopment Agencies-Fiscal Year 2009-2010 - HCD-D1 ScU-I (Revucd: 9=23-10} SCHEDULE HCD-D7 HOUSING UNITS PROVIDED (CIO AGENCY ASSISTANCE) (unifs not.ctaimed on Schedule D-2,3,4,5,6) Agency: -- a R rl valn~mant Agency Redevelopment Project Area Name, or "Outside": Earthquake Recovery Redevelopment Project Area Housing Project Name: NDTE: Dn this form, only report UNITS NOT REI'DRTED on HCD-D2 throargh HCD-D6farprojectlprogemn rmits that have no! received a~ agency assistance. Agency assistazce irxclrrdes either financial assistance (LMIHF or other agency fiords) or nanfinanciad assistance (design, planrxfng, etc} provided by agency stuff. In some eases, of the total msfts reported on HCD DI, a portion of units in the same projecifprogram may be agency assisted (repartert an HCD-D2 through HCD Db) whereas other units may be unassisted by the agency (reported on HCD-D7). The intent of this form is fo: (1) reconcile any difference 6enveen total project/progran+ units repar•fed on HCD-DZ carnpared to the stw: of old the prujecYslpragrnnx's snits repm•fed on HCD-D2 through HCD D6, and (2} accozmt for other (nonassisted} housing units provided inside a protect area that ir:creuses the agency's inclusioaary ohlfgation. Renw•fine nanaeency assisted Exaznple 1 (reporting partial units): Anew 100 rmit project was built {reported on HCD-DZ, Inside or Dzrtside a project areaj. Fifty (50) unifs received agency assistance j30 affordable LMIHF rmits (reported on either HCD-D2, D3, Dd, ur DS) and 20 above moderate units were f+mded wid+ other agency funds (reported an HCD-D6)j. T/re remaining SO (privately frnmxced and developed market-rote units} nurst be reported ou HCD-D7 to make up tJze difference benveer:I00 reported on DI and 50 reported pn D2-D6). _ . Example 2 (reporting all units): Inside a prajec8 area a condemnez{ historic property was substantially rehabilitated (multi- family or single family), funded by fox credits and oflrer private frnancing without any agency assistance. Check whether Inside or Outside Project Area in completing appiicable information betow: Q INSIDE Project Area..........Enterthc number for each unit type far each applicable activity: ACTMTY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 62 62 Substantial Rehabilitation Units: ~ 0 Total Units: 0 0 0 62 62 If agency drd not assist any part of project 07CBPt 000 08/20/2009 identify Building Permit Number and Dale: 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: 0 - Substantial Rehabilitation Units: 0 Total Units: 0 0 0 0 0 If agency did not assist any part of project identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING. PERMIT DATE Check all appropriate forms} listed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusionary Units: Other Housing UnitsProvided: (Sch HCD-D2) ®Inside Project Area (Sch HCD-D3) ®With LMIHF (Sch HCD-D5) ^ Outside Project Area {Sch HCD-D4} ^ WithoutLMIHF (Sch HCD-D6) e„~atYe~rzoo9-zoto HCD-D7 SCHEDULE NCD-D9 GENERAL PROJECTIPROGRAM INFORMATION For each different ProjecUProgram {area/name/aav or nonage dev(rental or owner), complete a D1 and applicable D2-D7 Examples: P: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental; & Outside: 4 Rental Complefe 3 D-1s, & Ds3-4-5. 2: 20 sub rehab (nonrestricted}: Area 3: 4 Agy Dev. Rontals; 16 Nonagy Dev: Renfals. 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} Complefe 2 D-1s, 1 D-4, & 9 D-5. Name of Redevelopment Agency: Identify Project Area ar specify "Outside": General Title of Housing ProjecflProgram: Projec#IProgram Address {op##onal}: Street: 4anta Mnnira Redaveln~ant Ananry _ Farihnuaka Rarnvary Radavafnpmant Prniart Area 1127 6th Street Cam: ZtP: Santa Manira 90403 Owner Name (optional): Total ProjecUProgram Units: - Restricted Units: Unrestricted Units: - # 4 # 0 # 4 Was this a federally assisted mufti-family rental project [Gov't Code Section 65863.10(a)(3)]? ^ YES Li NO Number e€ units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end ~ # Number of bedrooms occupied by ineligible persons (e.g. ineligible Incomet# of residents in unit) at FY end # Number of units restricted for special needs: (numbermust not exceed°Total Project Units') #~ Number of units restricted that are serving one or more Special Needs: # ^ Chock, if data not available (tvote: H unrr may serve mutrrpte t ~ DISABLED (Mental} t DISABLED (Physical) t FARMWORKER (Migrant) NEBUS UCtUw. Ju/n w atr ma uwuw can excccv mo ,vuinucr ~, mina auvvcr FARMW ORKER (Permanent) FEMALE.HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use onl with °Other Noustng ®fFnrdah4lity and/or 5necial Need Use Restriction Term {enter tlavtmontnNear usma CFigttS, e.9. U!!U7¢uuZ): Re facement Housin Units Ihctusiona Heusin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date Restriction End Date Perpetuity - Funding-Sources: Redevelopmen# Funds: $ Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ Total Development/Purchase Cost: $ 0 Check al# appropriate form(s) helow tha4 will he used to identify all of thts ProjecPs/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 - Fisca! Year 200&2010 HCD-D 1 Sch Dl (Revised: 4-28-10} SCHEDULE HCD-07 HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedale D-2,3,4,5,6) Agency: Santa Monica Redevelopment Agency - RedevelopmentProject Area Name, or "Outside": EarthauakeRecoverv Redevelopment Project Area Housing Project Name: 1127 6th Street NOTE: On tlxis faun, only report 1JIYITS NOT REP{IRTED on HCD D2 thrnrrgk HCD-D6 for projeeUprograrn zrnits that have not received any agency assistance. Agency assfstance includes either financial assistance (LttiIHIF ar other agency funds) or nonfinancial assistance (design, planning, etc.) provided by agency staff. In some cases, of the total units reported orx HCD DI, a portion of units in the carne projecUprogram may he agwzcy assisted (reported on HCD-D2 through HCD-D6) whereas other waits may be nnassisied by the agency (reported ort HCD D7). - The intent oflhis form is to: {Z) reconcile any difference between Iotalproject/progranz units reported on HCD DI compared to the corn of old the projecYslprogram's units reported on HCD-D2 through HCD-D6, axd (2) account for other (nonassisted) housing units provided inside a arafect urea that increases the agency's inclusionmy obligation. RenorNn.2 nonagency assistec .._ ____..._s __ von rn ample 1 {repmtingpartial units): Anew 100 unit projecd runs built (reported m: HCD-DI, Inside or Outside a project a). Fly (50) mots received ager:cy assistance [30.affmdable LMIHF rmits (reported on either HCD-DZ, D3, D4, or DS) i 20 above moderate zrnits were funded with other agency funds (reported on HCD D6)j. The remaining 50 (privately znced and developed market-rate t:ails) rtrust be reported on HCD-D7 to uzake up the difference between 100 reported m: and 50 reported orx D2-Db). zrnits): Znside a project urea a condemned, historic properly was sirbstan[ially rehabilitated (rnrdti- firnded by tae credits and other private frna+rctng without any 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: UNET TYPE: VLOW LOW RIiOD AMOD TOTAL New Construction Units: 4 4 Substantial Rehabilitation Units. 0 Total Units; 0 0 0 4 4 If agency did not assist env pad of nroiect 06CBP0733 D3/29/2D10 identify Building Permit Number and Date: BUILDING PERMIT NUMBER BU1LD(NG PERMIT DATE ^ OUTSIDE Project Area......Enfer fhenumber for each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: D Substantial Rehabilitation Units: 0 Total Un'sts: ~ 0 D D 0 0 If agency did not assist any partof nroiect identify Buitdrng Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check all appropriate fform(s}listed below That will be used to identify remaining Project Units to be reported< . ^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided`.. (Bch HCD-D2) ^ Inside Project Area {Bch HCD-D3) ®With LMIHF (Bch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Withou4 LMIHF (Sch HCD-D6} Fisca] Year 2609-2o10 HCD-D7 SCHEDULE HCD-D9 GENERAL PROJECTlPROGRAM INFORMATION For each different ProjecUProgram (area/name(aoy or nonaoy dev/rental or owner), complete a D1 and applicable D2-D7 Examples: 1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner; Area 2i 6 Rental; & Outside: 4 Rental. Comptefe 3 D-1 s, & Ds3-4-5. 2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1s & 2 D-5s. 3: 15 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3. 4: 10 new (Outside). 2 Agy Dev (resfrlcted Rentat), 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": Generat Title of Housing ProjectlProgram; Project/Program Address (op#ionaf): Street: 1R041nth Street Owner Name {optional): Total Project/Program Units: Restricted Units: _ # 6 # 0 Unrestricted Units # 6 Was this a federally assisted multi-family rental project [Gov't Code Section 65563.10(a)(3)j? ^ YES L.9 NO Number of units occupied by ineligible households (e.g. ine€igible 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: # I] Check, if data not available A unit may serve multiple `Special Needs" below. Sum of all the below can exceed the "ntumner or unrzs- aDOVe/ DISABLED (Mental} # FARMWORKER (Permanent) # TRANSITIONAL HOU$iNG DISABLED (Physical) # _ FEMALE HEAD OF HOUSHOLD # ELDERLY FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS {4 or more Bedrooms) (allowable use o~ witfe "Other Housing _m__ c__..:a nr....a ~ ~~.. on~ir.ntinn Tnrm tooter day/month/V ear IISIn6 d1Ot35. e.4. UltU9tZUVZt: Anoruau:usy auww . ~~o..:o. ,.ccw .,~~...-~-....,.-- Replacement Housin Units ...-.... _..-_- _._,.._____, - Inclusiona Housin Units .. _ _ - Other Housin Units Provided With LMWF WithoutLMIHF ftesViction Start Date Restriction End Date Perpetuity Funding Sources: Santa Mnnira R d valnpnie. r ~1{7enry ,Fadhnn nr~ed.,]tPlnp(oe! Aa[ my 1804 10th Suet -- _ City: ZIP: Santa Rnnnica 90404 Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAClFederal Award: $ TCAC/State Award: $ Total Development/Purchase Cost: $ 0 Check ai! appropriate form{s) below the#witl be used to identify aft of thts Project'slProgram's Units: (S hl HCD D2) ousing Units ln~cllnside Project Area (Sch HCD-D3) C1hWwith LN11HF {Sch HCD DS) ^ Outside Project Area {Sch HCD-D4) ^ Witfiout LMIHF (Sch HCD-D6) ~ No Auency Assistance (Sch HCD-D7) California RedevelopmenF Agencies -Fiscal Vear 2003-2010 HCD-D7 Sch Dl (Revised: 9-2R-74) scweouLE wcD.Dx wOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE} (units not claimed on Schedule D-2,3,4,5,6) Agency: Santa Monica Redevelopment Agency Redevelopment Project Area Name, or "Outside": Earthquake Recovery Redevelooment Project Area Housing Project Name: 18041Dth Street NOTE: On this form, only report UNITS NOT REPORTED an HCD-D2 tlrroagh HCD-D6 for projeet/prngrma mdts that have not received a~ agency assistatce. Agency assistance h:clrrdes either ftnnnciat assistance (Ld1lIIF ar atlrer agency frurds) ar nonfinancial assfstmxce (design, planning, etc.) provided by agency staff. In some cases, of the tote! mxfts reported on IfCD DI, a portion of units in the same projecUprogrmn may be agency assisted {reported orr HCD-D2 through HCD-D6) whereas other units may be urtassfsTed by the agency (reported orz HCD-D~. The intent of this form fs ta: (1) reconcile any difference bettveen total projecUpragram rtnits reported on HCD-DI emrrpared to ilre sunz of utl the project's/progrmn's zmifs reported on HCD-D2 through HCD-D6, and (2) account for atl:er (nonassisted) housing rn+its provided inside a vrofect area that hxereases the agency's irxclusfonary obligation. ReporSnQ nonazeney assisted HCD-D7 Renariiu2 Exaamtes Ra:ample 1 (reporting partial uniis)i Anew 100 unit project was brdlt (reported on HCD-D2, Inside or Outside a project area). Fifty (50) rnrfts received agency rzsslstm+ce (30 affordable LzYIIHP traits (reported on either HCD-D$ D3, D$ or DS) and 20 above rnaderate mxits were funded with other agency firttds (reported nn HCD-Db)j. The "rernainfztg 50 (privately financed and devehrped market-rate ratifs) must be reported on HCD-D7 to make up the difference between 100 reported on DI and 50 reported on D2-Db). 2 {reporting aCC amts): Inside a project area a condemnezl, hisroric property was sabstantfally rehabilitated (nurlti- sinnle-lmntlv). 8ntded by tax credits mzd other private fnancing without any agency assistance. Check whether 9nside or Outside Project Area in completing applicable information below: j~ INSIDE Project Area. _.......Enfer the number for each unit-typo for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 6 6 Substantial Rehabilitation Units: 0 Total Units: U 0 0 6~ 6 If agency did nofassist env Hart of protect 06CSP0491. 11!12/2009 identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area......Entertpe number for each unit Type for each applicable activity: AGTIVITY: - UNIT TYPE: VLOW LOW MOD - AMOD TOTAL New Construction Units: 0 Substantial Rehabilitation Units: 0 Total Units: 0 0 0 0 0~ tf agency did not assist env part of protect identify Building Permit Number and Date: BUILDtNG PERMIT NUMBER BUtLDING PERMIT DATE Check all appropriate forms}listed below 4hat will be used to identify remaining Projeet Unitsto be reported: ^ Replacement Housing Units Inclusianary Units: Other Housing Units Provided: (Sch HCD-D2} ^ inside Project Area {Sch HCD-D3) ®With LMIHF (Sch HCD-D5) ^ Outside Projeat Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6) Califonia Redevetopmwrt Agencies-Fisea]Year 2009-20t0 HCD-D7 SCHEDULE HGD-D•t .. GENERAL. PROJECTIPROGRAM INFORMATION For each different Project/Program (area/name/agv or nonagy den/renta) or owner), complete a Di and applicable D2-D7 Examples: 1: 25 minorrehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Renfat,~ & Outside: 4 Rental Complete 3 D-1 s, & Ds3-4-5. 2: 20 sub rehab (nonrestrtcfed): Area 3: 4 Agy Dev. Rehtals; 16 Nonagy Dev. Renfals. Comp/ete 2 D-1s & 2 D-5s. 3: 15 sub rehab {restricted): Area 4: 15 Nonagy Dev, Owner. Complete 1 D-? & 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 Redevetopmen4 Agency: Identify Project Area or specify "Outside": General Title of Housing Project/Program: Project/Program Address (optional): Sfreet: 1 n~a 19th Rfraat Owner Name (optional): Total ProjectlProgram Units: Restricted Units: - Unrestricted Units: # 5 # 0 # 5 For oroiects/oraorams with no RDA assistance do notcomotefe anv of be)ow or anv of HCD D2-D6. Only complete HCD-DT. W as this a federally assisted multi-family rental project [Gov't Code Section fi5863.10(a)(3)j? ~ YES L~ NO Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end # Number of bedrooms occupied byineiigible 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 tfiat are seining one or more Special Needs: # (~ Check, if data not available /Nnfe~ A unit may serve multiple "Special Needs"below: Sum of afI the below can exceed the "Number of Unds"above) - #_ DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING DISABLED (Physical) # FEMALE HEAD OF HO USHOLD # ELDERLY # FARMWORKER (Migrant) # LARGE FAMILY - # EMERGENCY SHELTERS ' (4 or more Bedrooms) (allowable use on wdh 'Other Nousing '. ~ Units Provided - LVrfhaut LMIHF" Sch-D6j __~r_.. c...,...:..r nr.,..a ~ see oeoar~~a:.,., 'rnPn, lentar davlmnnth/near usinn tlitlits. e.a. 07/Utl2dU2): .................y 4......,.. .r.........-~.... -.~_ .___-.._-._ Re lacement Housin Units ... _.... ____ - ~. - Inclusiona Housin Units _ _ Other Housin Units Provided With LMIHF. Without LMIHF Restriction Start Date - Restriction End Date Perpetuity Funding Sources: c~„~~ nA..., ~ Roclor.Alnnmanf Aganry F rthnn^',- o ~ .roni Rado,ralopmant Pmjar) Araa 1038 1 ttfi Street Cify: ~ ZiP: c t Rnonira 90403 Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ Total Development/Purchase Gasf: $ g Check all appropriate forms} below tfiat will be used to identify all of this Projeet'slProgram's Unifs: ^ Replacement Housing Units Inclusionary Units: Other Housing Unifs Provided: {Sch HCD-D2) ^ Inside Project Area (Sch HGD-D3) ^ With LMIHF {Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4} ^ Wifhaut LMIHF (Sch HCD-D6) ~/ No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies - Fiscal Year 2Q09-2010 HCD-61 Sch D] (Revved: 9-28-t0j SCHEDULE HCD-D7. HOUSING UNITS PROVIDED lN4 AGENCY ASSISTANCE) (unifs not claimed on Schedule D-2,3,4,5,6) Agency: Santa Monica Redevelopment A9encv Redevelopment Project Area Name, or "Outside": ~'arfhquak R ca rv RedPVelonment Project Area Housing Project Name: 1038 11th Street NOTE: On this form, axly repot! UNITS NOT REPORTED on HCD-D2 through HCD-D6 for projeedprogram traits ttrnt have not received a~ agency assistance. Agency assistance includes either jirzanciat assistance {LMIHF or other agency funds) or nonfrnm:cial assistance (design, planning, eta) provided by agency staff. In some cases, of the total units reported ox HCD Dl, a portion of tnzits in fhe scone project/prograzp may be agency assisted (reported on HCD-D2 tlzraugh HCD-Db} wftereas other unifs rndy be uxassisted by tl+e agency (reported on HCD-D7). The intent of this form is to: (I) recor:ciJe cozy difference beoveen iota[ projectlprogrrrm units +-epprted on HCD-DI compared to the Burn of all8+e project's/pragrmn's units reported on HCD-D2 throagh HCD-Db, and (2) account for other (nonassisted) Izortsing un#s provided inside a nrniect mea that increases the agency's inclnsimuuy obligation. Reportine nonaeertcy assisted pia/acts outside a proiee! area is optional ifunits do Hat make-up env Hart oftatal unifs renorfed on HCD-DI. HCD-D7RenortinrEzmnples ~ - Ermnple 7 {reporting partial units): A t+ew 100 uuitproject was brrih {reported an HCD-DI, Inside or Outside a project area). Fifty (50} znxits received agency assistance j30 affordable LMIHF traits (reported on either HCA-D2, D3, D4, or DS) and 20 above moderate nxiis were funded with other agency funds (reported mz HCD-Db}J. The remaining SO (privately financed and developed market-rate mitts) rxust be reported on HCD-D7 to make rip tl:e difference between I00 reported on DI astd 50 reported on D2 Db}. Example 2 (reporting alt traits): Inside a project area a condemned, historic property was subsiantialty rehabiliinted (mtrlti- jaixily m• single lenit(y), funded by tax credits and o;herprivate fnanctng ivithont uny agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: (] ENSIDE Project Area..... _...Enter the number far each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AM(3D TOTAL New Construction Units: ~ 5 5 Substantial Rehabilitation Units: 0 Total Units: 0 0 0 5 5 If agency did not assist env Dart of oroiect - 07Cf3P0418 06/01/2010 idenfi(y Building Permit Number and Date: BUILDING PERMIT NUMBER BUlLD1NG PERMIT DATE ^ .OUTSIDE Project Area......Enterihe number for each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: - ~ 0 Substantial Rehabilitation Uni#s: 0 Total Uni#s: 0 0 0 0 ~ 0 tf agency did not assist env part of oroiect idenfify Building Permit Number and Date: SUlLDING PERMIT NUMBER BUILDING PERMIT DATE Check alt 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) ^ Withou# LMIHF (Sch HCD-D6) Califaxnia Redevelopmen[Ageucies-Finial Year 2009-2010 - HCD-D7 SCHEDULE HCDA1 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 Examnles: ~: 25 minor rehab (Nonagy Dev): Area 7: 15 Otaner, 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-f & 1 D-3. 4: ?0 new (Outside). 2 Agy Dev (restricted Rental), $ Nonagy'Dev (nonrestricted Owner) Complete 2 D-ls, 1 D-4, & 1 D-5. Name of Redevelopmen4 Agency: Identify Project Area or specify "Outside": General Title of Housing ProjectlProgram: ProjeatlProgram Address {optional): Street; 1 R7Q 7~4F Cf t Owner Name (optfanal}: Total Pro}ecitProgram Units: Restricted Units: # 3 # a Unrestricted Units: # 3 Was this a federally assisted multi-family rental praject [Gov f Code Section 65863.10(a)(3}]? ^ YES L~ 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 unifs 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" 6etow. Sum of alt the below can exceed the `Number of Unds"'above) # DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING # DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY # ~FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS (4 or mare Bedrooms) (a4owable use on with "Other Housing Units Provided - Wrthaut LMlHF" Sch-D6) b`I' d/ S ial Need Use Resteiction Term enter daylmonttvyear using m ns, e. . uttu'uzuvL Affords r Ity an or pec Re lacement Housin Units inclusionarV Housin Units Other Housin Units Provided WithLMIHF WithoutLMiHF Restriction Start bate Restriction End Date Perpetuity -Funding Sources: nn R ~ lanma t Ananry ,Farthn!i a a rv~~? ,.,Iaomant Prnjprt Araa 1829 11th Street _. C;ty: ZIP: e.,..e~ nAnnir3 _ _ 90404 Redevelopment Funds: $ Federal Funds $ _ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCACIFederal Award: $ TCAClState Award: $ Total DevelopmenUPurchase Cost: $ 0 Check all appropriate fomt(s} below 4hat will 6e used to identify all of this Projeck's/Frogram's Units: ^ Replacement Housing Unlts Inclusionary Units: ~ Other Housing Units Provided: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch hiCD-D5) ^ Ou#side Project Area (Sch HCD-D4) ^ Without LMfHF (Sch HCD-D6) ~ No Agenev Assistance (Sch HCD-D?) California Redevelopment Agencies-Fscal Year 2009-2010 HCD-D1 sa, nl (nevls~a: 9-ssao) SCHEDULE HGD-D7 HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) (units not claimed on Schedule D-2,3,4,5,6) Agency: Santa Monica Redevelopment Agency Redevelopment Project Area Name, or "Outside": Earthquake Recovery Redevelopment Project Area Housing Project Name: 1829 11th Street NOTE.' On this fmrn, only report UNITS NOT REPORTED on HCD-D2 Ihrottgh HCD-D6 for projeeUprograan rmits that /rave not received a~ agency assistance. Agency assistance includes eitlrev fnarrciad assistance {LtNIHFor other agency funds} or nonfinancial assistance (design, planfring, etc} provided by agency staff.' In some eases, of the total units reported on FICD DI, a portion of units in the same projectlprograrn nmy be agency assisted (reported an HCD-D2 through HCD-D6} wJ:ereas other units may be rmassisted by the agency (reported on HCD-D7}. TTre intent of this form is to: (I) reconcile any difference between total project/program traits reported on HCD DZ compared to the srnn of all tJre projeci's/program's units reported on HCD-D2 throttgh HCD-D6, and (2} account for other (nonnssisted) housing unUS provided inside n mofect area that increrues the agency's haclusionmy obligafimt Resorting nweagencv assisted Example 1 (reportingpardal nails}: Anew 100 tanit project was built (reported on HCD-Dl, Inside or Outside a project area}. Fifty (50J antis received agency assistance [3D affordable Lii1IHF units (reported on either HCD-D2, D3, D4, or DS} and 3D above moderate units were funded with other agency funds {reported or: HCD-D6)j. The rernarning 50 (privately _ Tnanced and developed market-rate units} mast be reported on HCD-D7 to matte up the difference between 700 repm7ed on DI and 56 reported on D2-D6}. Example 2 (reporting all snits}: Inside n project wren a emadernraed, historic property was subsfantialdy rehabilitated (nvdfr- r .»u.. ,... ~r.,~ro_r ,...t„t r,.,.~ d R„ tar errrlJfe and other mivate financirae without anv aeexcv assistance. Check whether Inside or Outside Project Area in completing applicable information below: ^/ INSIDE Project Area..........Enterlhe number for each unit fype for each applicable activity: ACTIVITY: UNIT TYPE: VLOW ~ LOW MOD AMOD TOTAL New Construction Units: 3 3 Substantial Rehabilitation Units: ~ 0 Total Units: ~~ 0 0 0 3 3 ffagencydidnotassistanynartof,oroiect 07CBP0855 06/08/2010 _ identify Building Permit Number and Dafe: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area......Enterthe number foreach unit type foreach applicable activity: ACTIVITY: ~ UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: - ~ 0 Substantial Rehabilitation Untts: ~~ Total Units: 0 0 0 0 0 tf agency did not assist any .Dart of protect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check all appropriate form{s) listed heiow that will be used to identify rt ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ®Inside Protect Area (Sch HCD-D3} ^ OutsideProject Area (Sch HCD-D4} California RedevelonmenaA2enciu-Fiscal Year 2W4-2010 ~maining Project Units to be reported: 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 PrajectlProgram (area/name/agy 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 Renfal,• & Outside: 4 Rentat. Complete 3 D-1s, & Ds3--0-5. 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 (Oufsfdb). 2 Agy Dev (resfricted Rentat), 8 Nonagy Dev {nonreshrcted Owner) Complete 2 D-is, 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: i F'J'T 1 FtF, Ct Pt - Owner Name {optional): _ Tofat Projecf/Program Units: c~..e., nn....:,.n Rodnvninnm np t Ananry . F rthgBraka Rarnverv Redar~rLent Prnjart Araa 153716th Street CRv: Z1P: S t M1Aanira - 90404 # 5 Restricted Units: # 0 Unrestricted Units: # 5 Was this a federally assisted multi-family rental project [Gov't Gade Section 65863.1 U(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: (number must not exceed "Told/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 ine "tvumner or DISABLED (Mental} DISABLED (PhysicaE) FARMWORKER (Migrant) FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use onto with `Other Housing Units Provided - Wtfhout LMIHF"Sch-D. n u,.,.a..e.rna„ ~..a r,.,- c.,a..v~r wrnn.r I rm Rncarietfnn Twrm denfar day/month/vear using digits, e.q. 07IU1I2002): nuvmwvmuy „uw, v. . .e ......... ........ .. Reolacement Housin Units - -. - Inclusiona Housin Units Otfier Housin Units Provided With LMIHF Without LMIHF Restriction Start bate Restriction End Date Perpetuity Funding Sources: Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCACIState Award: $ Total Development/Purchase Cost:. $ 0 Check al] appropriate form(s) below That will be used to identify aU of this Project'slProgram's Units: - ^ Replacement dousing Units Inclusionary Units: Other Housing Units Provided: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5j ^ Outside Project Area (Sch HCD-D4) ^ Withou4 LMIHF (Sch HCD-D6) ^/ No Agencv Assistance (Sch HCD-D7} California Redevelopment Agencies - Frscal Year 20092010 HCD-D1 Sch Dt (Revised: 9-28-IO) _ - SCHEDULE HCD-D7 HOUSING UNITS PROVIDED (NO AGENCY ASSISTANCE) _ (units not claimed on Schedule D-2,3,4,5,6) Agency: Santa MonicaRedevelopment Agency Redevelopment Project Area Name, or "Outside": Eadhauake Recovery Redevelopment Project Area Housing Project Name: 7537 '[6th Street NOTE: pn this form, only report UNITSNOTREADRTED on HCD-D2 through HCD-D6forprojecUprogrant units tlta[ /acne not reeeiyed ~ ugettcy assistance. Agency assistance includes either financial assistance (L_MIHF or other agency fends) or nonf innnciai assistance (design, plmmhrg, etc) provided by agency staff. In some cases, of the total rmits reported ors HCD DI, a portion of units in the same projecUprograrn may be agency assisted (reported on HCD-D2 through HCD-D6) whereas other mrits may be unassisted by tl:e agency (reported on HCD D7). - - The intent of this form is to: (I) reconcile any difference between total projecUprograrn :mils reported ort HCD-BI compared to the sntn pf all the project'slprogrmia's ttnits reported on HL~ D2 through HCD-D6, and (Z} account for other (nonrtssisterlJ Izousing nails provided inside a protect area that increases tlxe agency's inclusionuty obligation. Reportinz narraeencv assisted protects otdside a praiec[ area is optional il'zaxits dp not make-up cnxv yard of totad ttntts reported on HCD-DI. HCAD7ReportingExanrples Example 1 (reporting partial tnrits): Anew 700 anit project was brritt (reported ou HCD-DI, Itxside or Outside a project urea). Fifty (50) units received agency assistance [30 affordable Lr77HIF tutus (reported on either HCD-D2, D3, D4 or DS} and 20 above rnaderate units were funded with other agency funds (reported orz HCD D6)]. The remaining 50 (lirirately firxanced and developed market-rate units) aural be reported on HCD-D7 to eta/ce up the difference between IDO reported on DI and 50 reported on D2-D6). Example 2 {reporting all units): Inside a project area a condemned, historic property was su6statxfiaQy releabilifalerl (multi- family arsingle jatttily), funded by fax crerliis and other private frnmming without any 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: 5 5 Substantial Rehabilitation Units; 0 Total Units: D D 0 5 5 If agency did not assist anv part of protect 06CBP0025 9/2712009 identify Building Permit Number and Dafe: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ~ ~ OUTSIDE Project Area......Enterlhe number for each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: - - 0 Substantial Rehabilitation Units: 0 Total Units: 0 0 0 D 0 If agency did not assist anv Hart of protect identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Chock all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported: ^ Replacement Housing Units Inclusianary Units: Other Housing Units Provided: (Sch HCD-D2) ®lnside Project Area (Sch HCD-D3) ®With LMIHP (Sch HCD-D5} ^ Outside Project Area (Sch HCD-D4) ^ Without LNiIHF (Sch HCD-D5) Cafifornix Redevelopment Agc~raes -Fiscal Yeav 2009-2010 HCD-D7 - SCHEDULE HCD-D1 GENERAL PROJECTlPROGRAM INFORMATION For each different Project/Program (area/name/aov 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 Rental, & Outside: 4 Rental. Complete 3 D-1s, & Ds3-4-5. 2: 20 sub. rehab (nonrestricted): Area 3: 4 Agy Dov. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D-1 s & 2 D-5s. 3: 15 sub rehab (restricted): Area A: 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 Titte of Housing Project/Program: ProjectlPragram Address (optional): Street: - -. a~ tnn + Ananr,~ arfhrti al. R y~E,~„~„InnmPnt PrnjPrt Ara» 1956 20th Street City: ZIP: ~Qr.R ~nrn efrPat Santa Mnnira 90404 Owner Name (optional): total Projecf/Program Units: ~ Restricted Units: Unrestricted Units: # 1 # fl # 1 Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(aJ(3)j? ^ YES ^ NO Number of units occupied by ineligible househatds (e.g. ineligible incomel#, of residents in unit) at FY end # Number of bedrooms occupied 6y ineligible persons (e.g. ineligible incomet# of residents in unit) at FY end # Number of units restricted for special needs: (number must not exceed "Total Project Units) # Number of units restricted that are serving one or'more Special Needs: # ^ Check, if data not available (Note: A unit may serve multiple Special Needs" below. Sum of all the below can exceea me lvumuer u1 menus aouva/ # DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING # DISABLED (Physical} # FEMALE HEAD OF HOUSHOLD # ELDERLY # FARMWORKER (Migrant) # LARGE FAMILY # EMEROENCY SHELTERS {4 or more Bedrooms) (allowable use onl wiTh "Other Housing Units Provided - Wdhout LMIHF' Sch-D6) nu....a.,t,e:a. .,..ar... ewoeiel hlnnd hen Racfrir-4inn Term tenter davlmORthlvear USIn4 diglf5, e.p. 07/011"LW'L): Replacement Housin Units 3nclusiona Housin Units Other Housin Units Provided WithLMIHF Without LMIHF Restdction Start Da#e Restriction End Date Perpetuity Funding Sources: Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAClFederal Award: $ TCAC/State Award: $ Total DevelopmanttPurchase Cost: $ ~ Check all appropriate form(s) below that wilt be used to identify all of this Project's/Program's Units: ^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided: . (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^ With LMIHF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ^ Without LMIHF (Sch HCD-D6} ^/ No Aoencv Assistance (Sch HCD-D7} California Redevelopment Agencies -Fiscal Year 70D9-2010 HCD-D1 Sch Dl (Revised: 9-2S-10} SCHEDULE HCD-D7 HOUSING UNITS PROVIDED (RIO AGENCY ASSISTANCE) (units not claimed on Schedule D-2,3,4,5,6) Agency: Santa Monica Redevelopment Agency Redevelopment Project Area Name, or "Outside": Eadhauake Recovery Redevelopment Project Area Housing Project Name: 1956 20th Street tYOTE.~ On this form, or:ly report iiNZTS NOT REPORTED un HCD-D2 tlnoug(x HCD Db for projecUproga•mn units shat have not received a~ agency assistance. Agency assistance includes either finnnciad assistance (LDZIIIFar other agency ~ - fnrrds) m• nonfrnancfa[ rrssisfaatce {design, planning, etc.) provided by agency staff. Irr some cases, of tke total units reported on HCD DI, n por7ian of units in the carne projecUprograrrz nrny be agency assisted (reported nn HCD-D2 through HCD-Db) whereas other units may be rmassisted by the agency (reppRed on HCD-D7). TTxe intent of tlsis form is to: (1) reconcile arty drfference bettvee{a totalprajecUprogrmn nrtits reported on HCD l)I compared to t/xe sunx of all t/xeproject's/rrogrars's rn:its reported on HCD-D2 throng/t HCD-Db, and (2) ttccorrnt far other (norrassisted) housing units provided inside a protect area That increases the agency's fnchwionmy o67igatim:. Repar[Inp nonaQency assisted protects outside a protect area is optional if units da not make-up arzy Dart a{total units repotted on HCD-DI. HCD D7 Reportitrg Fsaawles Example I (reporfingpartial units): A nero 100 rrnitproject teas built {reported onHCD-D7, Inside or Outside a project area).. Fifty (50) rrrrifs received agency assfstmrce [36 affordable La1'ZIHF units (reported an either HCD-D2, D3, D4, ar DS) and 20 above moderate units were ftnrded with ofd:er agertcy Jnnds (reported on HCD-Db)]. The remaining 30 (privately financed and devekrped market-rate amts) must be reported on HCD D7 to make rrp the difference hetweeu IOG reportedon DI and 50 repw•ted an D2-Db). - Example 2 (reporting all units): Znside a project area a condemned, historic propet•ty tvas substantially rchabiGtated (rmrlti- family or single family), funded by tax credits and other private ftnanring xvitkottt any agency assistance. Check whether tnside or Outside Project Area in completing applicable information below: ©/ INSIDE Project Area..........Enterthe numberforeach unit type for each applicable activity: ACTIVITY: UNIT TYPE: ULOW LOW MOD AMOD -- TOTAL New Construction Units: 1 1 Substantial Rehabilita4lon Units: 0 Total Units: 0 0 0 1 ~ 1 If agency dtd not assist any part of protect OSCBP068T 10/15/2009 identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE j] OUTSIDE Project Area....,.Enterthe humberfor each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construe#ion Units: ~ ~ 0 Substantia4 Rehabilitation Units: 0 Total Units: 0 0 0 0 0 tf agency did not assist anv part of protect 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 LMINF (Sch HCD-D5) ^ Outside Project Area (Sch HCD-D4) ~ Without LMiHF (Sch HCD-D6) CatBomia Redevelopment Agencies- Fisrn[ Year 2009-2016 HCD-D7 SCHEDULE HCD-D1 GENERAL PROJECTIPROGRAM INFORMATION For each different ProjectProgram (area/name/aav or nonaav devtrental ar owner), complete a D1 and applicable D2-D7 Examples: 1: 25 minor rehab {Nonagy DevJ: Flrea 1: 15 Owner; Area 2: 6 Rental, & Outside: 4 Rental. Complete 3 D-1 s, & Ds3-4-5. 2: 20 sub rehab (nom'estricted): Area 3: 4 Agy Dev. Rentals; 15 Nonagy Dev. Rentals. Complete 2 D-Zs & 2 D-5s. 3: 15 sub rehab (restricted): Area 9: 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 ProjectlProgram: Project/Program Address (optional}: Street: nn a~ In~ma + Da y arfhnir a nvP,ry Rai Inpma t Pmjert Araa 1445 25th Street ~• ZIP: 9445 95th Str et - c°^*° nnonira 90404 Owner Name (optional): Total ProjectlProgram Units: Restricted Units: Unrestricted Units: # 4 • # 0 # 4. __. Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)j? ^ YES ®NO Number of units occupied by ineligible households (e.g. ineligible income(# of residents in unit) at FY end # Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit} of FY end # Number of units restricted for speciaE needs: (number must not exceed `Tofai Projeot Units') # Number of units restricted that are serving one or more Special Needs: # ^ Check, it data not available {Nofe: A unif may serve multiple k DISABLED {Mental) #_ DISABLED (Physical) ~t FARMWORKER (Migrant) Needs" below. Sum of all the below can exceed the "nlumner or in/rs FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSIT30NAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use on with "Other Nousing -. ..-. _ _ ., _.. ..__ :_t a,__.~ n.... o..~b.:..Hnn Teem /enfar rtav/mnn4M1IVP.ar RSIRU UIUI[S. B.U. V/N IILVVL+. raaeroaollRy aRUlUr J hGtAG) ltlGGG iuac .tlca.......... Replacement Housin Units ~ ....... .... r° '+ inclusiona Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Dafe Restriction End Date Perpetuity Funding Sources: Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Locat Funds: $ Private Funds: $ Owner's Equity: $ _ TCAC/Federal Award: $ TCAClState Award: $ Total Development/Purchase Cost: $ 0 Check all appropriate form(s) below that will be used to identify a!I of this Prdject's/Program's Units: ^ Replacement Housing Units Inetusionary Units: Other Housing Units Provided: {Sch HCD-D2} ^ Inside Project Area {Sch HCD-D3} ^ Wifh LMIHF (Sch HC0.D5) ^ Outside Project Area (Sch HC0.D4) ^ Without LMIHF (Sch HCD-D6) - Q No Agency Assisfance (Sch HCD-D7) Caliromia Redevelopment Agencies -Fiscal Year 2009-2010 HCD-D1 Sd~DS (Revised: 9-28-70) ' SCHEDULE HCD-D7 HOUSING UNITS PROVIDED {NO AGENCY ASSISTANCE) (units not claimed on Schedule 6-2,3,4,5,6) Agency: Santa Monica Redevelopment Agency Redevelopment Project Area Name, or "Outside": Earthquake Recovery Redevelopment Project Area Housing Project Name: 144525th Street NOTE: On this form, only report UNITSNOT REPORTED on HCD-D2 thrarrgh HCD D6 farprojecUprogrrsm units that have not received l~ agency assistance. Agency assistance inchrdes eitherfinancial assistance (LIVHHF or other agency frmds) or nonfinancial nssistmtce (design, plannir:g, etc.) provided by agency staff. In sane cases; of the total mtiis reported at HCD DI, a portion of units in the same projecUprogram may be agency assisted (repa4ed on HCD-D2 tlzroargh HCD-D6) whereas other units lnay be rmassisted by the agerrey (reported on HCD-D7). The inimrt of this form is to: {I) reconcile mry difference between Patal project/program units reported on HCD DI compared to the sarz: of all the project'slpragr•um's msits reported an XCD-D2 il:roagh HCD D6, and (2) account far other (nonnssis[ed) housing units provided inside a aroiecP nrea Phm increases the agency's Pne[usionary obligation. l~ortine nonaeencv assisted protects outside a project area is ootianat ifunits do not make-np anv Dart of total units reow•ted on HCD-DI. - HCD-D7Renortinp E~lnnles - - Exartrple I (repartingpartial netts): Anew 100 unit project was bui/i (reported on HCD-D7, Ltside or Oatside.a project area}. Fifty (50) units received agency assistance j31t affordable LhLIHF netts (reported on either HCD D2, D3, D4, or DS) and 2[7 above rnaderate Traits ivere finrded with other agency fiords (reyorted on HCD D6)j. The remaining SO (privately financed and developed nxnrlret-rate units) rrxrst be reported on HCD-D7 to make np Phe difference behveen I00 reported on Dl and SO reported on D2-D6). Example 2 (reporting aid units): Inside a project area a eorrrlenzned, historic property ryas srrbstan8ally reliubilitated (inu[ti- fanrity or single familyj, fended by tax credits mrd othee• prdvafe financing without any agency nssistance. Check whether Inside ar Outside Projec4 Area in completing applicable information below: a INSIDE Project Area.........-Enter the number for each unit type for each applicable ac6vify: ACTMTY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 4 4 Substantial Rehabiltation Units: ~ 0 Total Units: 0 0 0 4 4 If agency did not assisf anv part of protect C12882 12/28/2009 Identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area......EnterIhe number for each unit type for each applicable activity: ACTIV6TY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 0 -Substantial Rehabilitation Units: - 0 Total Units: 0 0 0 0 0 If agency did not assist anv Hart of protect Identify Building Permit Number and Date: SUILDtNG PERMIT NUMBER BUILDING PERMIT DATE Check alt appropriate form(s) listed below that will be used 4o 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 Redeve]opmentAgmrcies-Fiscai Year 2C09-2610 - ~ HCD-D7 SCHEDULE HCD-D1 GENERAL PROJECTIPROGRAM INFORMATION For each different ProjecttProgram (arealname/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 Rentat• & 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: t5 sub rehab (etstricted): 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) Comptefe 2 D-1 s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing Projeck/Program: Project/Program Address (optional): Street: F,9R Rrnadti~ Owner Name (optional): Total ProjecttProgram Units: Restricted Un14s: Unrestricted Units: # 48 # 0 ~ # 48 For proiectstprograms 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)(8)j? ^ YES ^ NO Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) aY 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 "Tota/Project Units') # Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available A unit may serve mu#ipte DISABLED (Menfal) - DESABLED (Physical) FARMW ORKER (Migrant) Needs' below. Sum of all the below can exceea me ivumoer or menus FARMWORKEft (Permanent} FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms} TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use onl with "Other Housing Units Provided -Without LNfItiF°Sch-t) Aff d b'I't dlor S eclat Need Use Restriction Term enter da /month( ear usin digits, e.g. 07/01/2002 or a tr an Re Iacement Housin Units Incfusiona Housin Units Other Housin Units Provided WithLMIHF WithoufLMIHF Restriction Start Date _ Restriction End Date Perpetuity - Funding Sources: e~^r~ nn.,^ ~ Rorfovol oma^4 A(~nry °anhgn^''a Tza^^vary RPrf^~~olnpme^' Prnjant Araa 626 Broadway cwt : ziP: Ranra prtnnira __ 90401 Redevelopment Funds: $ Federal Funds $ State Funds: $ Othar Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TGAC/State Award: $ Total Development/Purchase-Cost: $ 0 Check all appropriate form(s) below That will be used to Identify aII of this Projeet's/Program'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-D6) - ^/ No Agency Assistance {Sch HCD-D7) California Redevelopment Agencies-Fiscal Year 2009-2010 - HCD-D1 3ahD1 (2evised: &28-70) 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 Redevelopmen4 Project Area Name, or "Outside": Earlhauake Recovery Redevelopment Project Area Housing Project Name: 626 Broadway NOTE: On this farm, only report U/Y'ZTSNOT REPORTED on HCD-D2 through HCD D6 fm• project/pragrarn units that have not received any agency assistance. Agency assistance dtaclad¢s eitlrerfinarrcial assistance (LhZIHF or atl:er agency funds) or nonfinancial assistance (design, plarming, etc.) provided by agency staff. In some erases, of the total rtnits reported on HCD DI, a portion of units in the same projecUprogram u:ay be agency assisted (repaHed on HCD-D2 Phrough HCD-D6) whereas other uadts nmy be unassistetl by the agency (reported orx XCD D7). The intent of this form ds ta: (I) recwzcile any difference beriveen total praject/progrmrz units reported on HCD-DI corny'ared to the sanr of old tke project's/progzanz's units reported on HCD-D2 tlnnugh Z/CD Db, aml (Z) accatrnt for other (uorzassisted) housing units provided inside a moieet area that increases the agency's Znclusionary obligation. Reporting nonaeeneV assisted Droiects outside a nroiect area is optional ifunits do not make-un anL+part of rota/units reported on HCD DI. HCD-D7Reuorting Gxarnnles Exmuple 7 (repoHing partial anits)t Anew ZOD tmid project was built (repm7erd mz HCD DI, Lrsirle or Outside a project area).- Fifty (50) Waits received agency assistance [30 affordable LMZHF units (reported on eillrer HCD-DZ, D3, D4, or AS) and ZD above moderate units +vere funded with other agertey fonds (reported on HCD-D6)J. The remaining SD (privately frnanced and developed ntar&et-rate tarns) nnrst be reported on ZICD-D7to mane rap rite difference benveerz IDO reported ox B1 mrd SD reported on D2-D6). " E.tianzple 2 (reporting aZZ rtnits): Inside a project area a eandernned, historic property was substantially rehabiditaded (multi- family ar single fan:tdy}, funded by fax credits and other private fenanedng without mry agency assistance. Check whether Inside or Outside Project Area in completing applicable information below: ~ INSIDE Project Area..........Enterthenumberforeachunittypeforeachapplicableactivify; ACTIVITY: UMT TYPE: VLOW LOW. MOD AMOD TOTAL New Construction Units: 48 ~ 48 Substantial Rehabilitation Units: 0 Total Units: 0 0 0 48 48 If agency did not assist any part of protect 07CBP0075 09/08!2009 identify Building Permit Number and Dafe; 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: 0 Substantial Rehabilitation Units: 0 Total Units: 0 0 0 0 0 !t agency did not assist any part of protect identify Buiiding Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check all appropriate form{s} listed below that will be used to identify remaining Projec4 Units to be reported: ^ Replacement Housing Units Inclusionary Units: Other Housing Units Provided: {Sch HC0.D2) ^ Inside Project Area (Sch HCD-D8) ^ With LMIHF (Sch HCD-D5) ® Outside Project Area {Sch HCD-D4) ^ Without LM€HF (Sch HCD-D6) California Redevelopment Agevcies -Fiscal Yea 2009-2010 HcD-n7 SCHEDULE HCD-D1 GENERAL PROJEGF/PROGRAM INFORMATION For each different Project/Program (arealname/agy or nonagy dev(rental or owner), complete a Dt and applicable D2-D7 Examoles: 1: 25 minor rehab (Nonagy Dev}: Area 1: 15 Owner, Area 2: 6 Rental,- & Outside: 4 Rental Complete 3 D-1s, & Ds3-4-5. 2: 20 sub rehab (nonrestricted}: An=a 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 Renta!}, 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing ProjectlProgram: ProjectlProgramAddrws (optional): Street: e A (nr { onP ry i3rthq i ,(P RPrnVPIV RP~+ Inp t PrpjPr~f nraa 2222 Pico Boulevard City: ZIP: 9999 a' ., Ft., IPVard e^^~^ ^ronira 90405 Owner Name (optional}: ToYai ProjectlProgram Units: Restricted Units: Unrestricted Un[fs:. # 2 # 0 # 2 Was fhis a federally assisted multi-family rental project [Gov't Code Section 65863.t0(a)(3)j? ®YES ^ NO Number of units occupied by ineligible househdlds (e.g. ineligible income/# of residents in unit) at FY end # Number of bedrooms occupied by ineligible persons (e.g. inoiigible 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 rnrnfP~ a untl mav.ceroe molt%n(P. Special Needs"below. Sum of all the below can exceed the Number of Units"above) #~ DISABLED (Mental) # FARMUVORKER (Permanent) - # TRANSITIONAL HOUSING #_ DISABLED (Physical} # FEMALE HEAP OF HOUSHOLD # ELDERLY FARMWORKER (Migrant) # LARGE FAMILY - # EMERGENCY SHELTERS (4 or mare Bedraams) {allowable use onl with "Other Housing Units Provided - wrfhout LMIHF° Sch-D6) b'I' dt S I Need Use Resfricfion Term enter daytmonth/year us+n mg+is, e.g. uuo uLev~ Affords ++ an or pecfa Replacement Housin Units inclusions Housin Units Other Housin -Units Provided With LMIhIF Without LMIHF Restriction Start Date Resfricfion End Dato Perpetuity Funding Sources: Redevelopment Funds: $ Federa€ Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ Total Development/Purchase Cost: $ 0 Check all appropriate forms} below that will be used to identify all of fhis Project's/Program's Units: ^ Replacemert 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 LMIHF (Sch HCD-D6) ^/ No Agency Assistance {Sch HCD-67) California Redevelopment Agencies-Fiscal Year 200&2010 - HCD-Dt Sch DI {Revised: 9-28-10) - 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.4rea Name, or °Outside": Earthquake Recovery Redevelopment Project Area Housing Project Namer 2222 Pico Boulevard NOTE: On this form, only report UNITS NOT REPORTED on HCD-D2 Uzrough HCD-D6 for projeet/prngrmn units that have not received a~ agency assistmzee. Agency assistance includes eit/rer finmscial assistance (LMIHF or otJ:er agency frnxls) m• nonfrnanciaZ assistance (design, p/arming, etc.) provided by agency sniff. In snn:e cases, of the total rnzits reported prz HCD D1, a portion of quits in the same prajecUpragrarn may be agency assisted (reported on HCD B2 8n•ough HC'D-D6) whereas other ardis may be zznassisted by the agency (repnrted on HCD D~. - T/re intent of this foruz is to:- (I) reconcile any difference 8ehveen totalprojecUpragram zmlts repm7ed on HCD DI compared to the suna pf all the projects/progzanz's units repoted ora HCD D2 Ihrorgh HCD D6, and (1) accormt fur other (nonassisted) housing nrrits provided inside a uroiect area that increases the agency's inclusionazy obdigatiorz. Reporting nona~cy assisted protects outside a~ec[ area is optional if zmi[s do not make-up anv cart of total snits reported az HCD-Dl. HCD D7 Reuarting Exmnules Exanple I (reporting partial rmits): A uerv 1 d0 unit project teas brrilP (reported orx HCD-DI, Inside or Outside a yrnject area). Fifry (50) units received agency assistance [30 affordable LMIHF units (reported or either HCD-D2, D3, D4, or DS). and 20above moderate units were funded with other agency funds (reported on HCO ns)j TJ:e remairrirxg 50 (privately fmm~ced and developed market-rate [rmits) must be reported on HCb-D7 to make zrp the difference between 100 reported on DI and 50 reported on D2 D6). Example 2 (reporting ail units): Inside upr~ject area a candenmed, historicproperly ryas substantially rehabilitated (rrulti- famity nr single fan:i[y), funded by trzx credits and otherprivate jinaucing rvilhnrd arty agency nssistance. Check whether inside or Outside Project Area in completing applicable information below: [] INSIDE Project Area..........Enterthc number for each urilf type for each applicable activity: AGTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 2 2 Substantial Rehabilitation.Units: ~ 0 Total Units: - 0 0 0 2 2 !f agency did not assist anv part of uroiect 07CBP1024 10/2212009 identify Building Permit Number and Dafe:. BUILDING PERMIT NllMBER BUILDING PERM17 DATE ^ OUTSIDE Project Area......Enferthc number for each unit type for each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Uri its: 0 Substantial Rehabili#ation Units: 0 Total Units: 0 0 0 0 0 If agency did not assist anv part of uroiect iden5fy 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 6e 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 Aedevelopmcnt Agencies-Fiscnl Year 2004-2010 HCD-D7 SCHEDULE HCD-D1 GENERAL PROJECT(PROGRAM INFORMATION For each different ProjectlProgram (areaJname/agy or nonaav dev/renta@ or owner), complete a D1 and applicable D2-D7 Examo/es: 1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental,' & Oufside: 4 Rental. Complete 3 D-1s, & Ds3-4-5. 2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 PJonagy 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: ldenfiffy Project Area or specify "Outstde": General Title of Housing Projecf/Program: Project/Program Address (optionalj: Street: Santa M^^h~ Rcda~~P'nnmant Ananry Farthanaka f-zo^^ucry Rc a~t~Plnnmant Prnjarfi Araa _7,1.2 Virginia Avenue City: ZIP: 9991 V'rn@n'a Avan a R~nta Mnnira 9U4U4 Owner Name (optional}: Tofal Project/Program Uni#s: Restricted Units: ~ Unrestricted Units: # 11 # 0 # 11 Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a)(3)]? ^ YES [~ NO Number of units occupied by ineligib@e households (e.g. ineligible incomel# of residents in unit) a4 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: (number must not exceed''Total Projecf Units') # Number of units restricted that are serving one or more Special Needs: # ^ Gheck, if data not available (Note: A unif may serve mu#ipte "Special Needs"below. Sum of all the below can exceed the Number of Unds"above) # DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING # DISABLED (Physical) # FEMALE HEAD OF HOUSHOLD # ELDERLY # FARMWORKER (Migrant) - # LARGE FAMILY # EMERGENCY SHELTERS i (4 or more Bedrooms) - (a4awabfe use on! w#h "OtherHousing~ Units Provided - Ndhout tMlHF" Sch-D6 Affnrdahfifty andlnr Special Need Use Restrict@on Term (enter davJmonth/vear using digits, 2.q. 07109/2002): --- - Re lacement Housin Units - Incjusiona Nousin Units - Other Housin Units Provided W@thLMIHF Without LMIHF Restriction Start Date Restriction End Dato Perpetuity Fund@ng Sources: Redevelopment Funds: $ Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAGlState Award: $ Total DevelopmentlPurchase Cost: $ ~ Check al@ appropriate fprm(s} helow that wil@ be used to identify al@ of th ^ 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 2 0 0 9-2111 0 is Project's/Program's Units: Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) NoAgency Assistance (Sch HCD-D7) HCD-D1 Schbl (Rovised: 9-28-10J 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 Projec4 Area Name, or "Outside": Earthquake Recovery Redevelopment Project Area Housing Project Name: 2121 VirginiaAvenue NOTE: On thisform, only report UNITS NOT REPORTED on HCD-D2 through HCD-Db for project/progran: units that have not received.a~ agency assistance. Agency assistance inelrrdes either fmancia[ assistance (LDIIHF or other agency frmds} or nonfrnancia/assistance (design, plmming, ete.)provided by agency staff. Zn some cases, of the total antis reported on HCD DI, a portion of ttnits in the same project/program may be agency assisted (reported nn HCD-D2 throrzglt HCD-Db) whereas other units n:ay be unassisted by tfre agency (reported ma HCD-D7). The interxt of this farm is to: (1) reconcile any difference between Sofalproject/program units reported on HCD DI compared to the stnn of all the projecPs/pragrarn's netts reporter! an HCD D2 through HCD--Db,.and (2) accomzf for other (nonassister~ housing units provided inside a mrofect area that increases Ilse agency's iudrrsiar:ary obligation. Reporting nonaeencv assisted Ekmnple 1 (reporting partial unifs}: A nety 100 rout project was built (reported on HCD-UI, latside ar Or:tside h project area). Fitly (50) unifs received agency assis[ar:ce [30 affordable ZtYlIHF units (reported on elther HCD-D2, D3, D4, or DS) and 20 above moderate antis were funded with other agency funds (reported on HCD-Db)j. The remaining SO (privately financed asd developed »mr/cet-rate units) mrrst be reported ora HCD-D7 to make up die difference betveen 700 reported on DI and 50 reported on D2-Db). ale 2 (reporting all antis): Inside a project area a candernnerl, historic property ryas substantially rehabilitated (multi- orsingle-family), fended by tux credits artd other private financing rvithorrd any agency assistance. Check whether inside or Outside Project Area3n completing applicable information below: ^r INSIDE Project Area..........Enterihe numberfar each unit type far each applicable activity: ACTIVITY: UNIT TYPE: VLOW LOW MOD AMOD TOTAL New Construction Units: 11 11 Substantial Rehabilitation Units: 0 Total Units: ~ 0 0 0 11 11 if agency did not assist any part of oroiect OtiCBP0435 02/18!2010 identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE ^ OUTSIDE Project Area......Enter the number for each unit type for each applicable activity: ACTIVITY: UNIT TYPE; VLOW LOW MOD AMOD TOTAL New Construction Units: 0 Substantial Rehabilitation Units: 0 . Total Units; - 0 0 0 0 0 <f agency did not assist any ~rt of project identify Building Permit Number and Date: BUILDING PERMIT NUMBER BUILDING PERMIT DATE Check ail appropriate form(s) listed below that will be used to identity. remaining Project Units 4o be reported: ^ 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 LMIHt= (Sch HCD-D8) CaO;orria Redevelopmzn[Ag®cies-Fiscal Year 2009-2010 HCD-D~ SCHEDULE HCD-D1 GENERALPR03ECT/PROGRAM INFORMATION For each different Project/Program (area/namelagy or nonaav dev/rental or owner), complete a D1 and applicable D2-D7 Examples: 1: 25 mfiarrehab (Nonagy Dev): Area 1: 15 Owner; Area 2: 5 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, Ovmer. Complete 1 D-1 & 1 D-3. 4: 10 new (Outside). 2 Agy Bev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-1 s, i D-4, & ? D-5. Name of Redevelopment Agency: Identify Project Area pr specify "Outside": Generaj Title of Housing Project/Program: PrajecttProgram Address {optional): Street: Santa AAnnira RadavPln mant anry Farthniiaka Rom^vPrv Raaw?innmanf Prnjart Area 2028-2031 20fh Street Proiecf City: ZIP: ~mo_onza 2nfh Straat Santa Monica 44dnd Owner Name (opfional): Total ProjecUProgram Units: Restricted Units: Unrestricted Units: # 12 # 12 # 0 Was this a federally assisted multi-family rental project [Gov't Code Section &5683.10(a}(3)]? ^ YES ~ NO Number of units occupied by ineligible households (e.g. ineligible income(# of residents in unit) at FY erd # 4 Number of bedrooms occupied by ineligible persons (e.g. ineligible income!# of residents in unit) at FY end # 6 Number of units restricted for special needs: (number must not exceed "Total Project Units'} # 0 Number of units restricted that are serving one or more Specie! Needs: # D ^ Check, if data not available (Note: A unit may serve mu#iple "Special Needs"below. Sum of al! the below can exceed the 'Number of Units"above) # DISABLED (Mental) ~ # FARMWORKER (Permanent) # ~ TRANSITIONAL HOUSING # DISABLED (Physical) # FENWLE HEAD OF HOUSHOLD # ELDERLY - # FARMWORKER (Migrant) - # tARGE FAMILY # EMERGENCY SHELTERS - _ (4 or more Bedrooms) (allowable use onto with "Other Housing - Units Provided - Without tMtNF"Sch-DB 4ffnrdar,Gn4v and/or Special Need Use Restriction Term tenter day/month/year using digits, e.g. 47/61/2042): Re [acement Housin Units Inclusions Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date 12 16 200& Restriction End Dafe Perpetuity =unding Sources: Redevelopment Funds: $ 4 517 723 Federal Funds $ Sfate Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCACtStafe Award: $ Total Development/Purchase Cost: $ 4,517,723 Check all appropriate forms} below 4hat wilt 6e used to identify ail of th ^ 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 2003-2010 is Project's/Program's Units: Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5} ^ Without LMIHF (Sch HCD-D6) ^ No Aaenev Assistance (Sch HCD-D7} HCD-D1 SchD((ftevised: 9-28-LO) SCHEDULE HCD-D3 INCLUSIONARY HOUSING UNITS (INSIDE PROJECT AREA} (units no! etalmed on Schedule D-4,5,6,7) (units with required affordability restrictions that agency or community controls} Agency: Santa Monica Redevelopment Agenev .Redevelopment Projoct Area Name: Earthot ^ke Racoverv RPdevalnnmPnt Proiact Araa Affordable Housing Projeet Name: 2029-2031 26th Street Proiect ` Check only one. If both apply, complete a separate form for each (with another Sch-D1}: ^ A enc Developed ^/ Non-Agency Developed Check only one. if both apply; complete a separate form for each (with another Sch-61): Q Renkal ^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 pad of the total A. New Construction Units Eldedy Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TDTAL INELG. VLOW L06^/ MOD TOTAL INELG. ~I II~ ~ ~ 0 0 0 0 Of Total, identify the number aggregated from ether projecf areas (see HCD-A(s}, Item ^ 8}: B. Substantial RehabiPtation (Post-`93IAB 1290 Definition of Value>25%: Credit for Oblioations Since 8994): Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOtN LOW MDO TOTAL ENELG. VLOW LOW MOD DOTAL INELG- VLOW LOW MOD TOTAL INELG. ~~ 12 12 ~ 0 12 0 12 Of Total, Identify 4he number aggregated from other project areas (see HCD-A{s}, I4em 8}: 0. Acquisition of Covenants (Post-`93/AB 1290 Re#orm~ Only MUlti-Family Vlow & Low & Other Restrictions}: Eldedy Units Nan Elderly Unrfs TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. ~` ~° 0 0 ~ ° ° ~ °0 TOTAL UNITS (Add only TOTAL of all "TOTAL EIderly /Non Elderly Units"): 12 If TOTAL UN]TS is less tlrmt "Tofal Prajecl Unitd' an HCD-Sebedtrle DI report 17re remaining ttrtifs as tnstrtteted below. Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reporfed: ^ Replacement Housing Units ®Inciusionary 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 Enclusionary Units which also have been counted as Replacement Units: Elderly Units Non Elderly Unifs TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL tNELG. VLOW LOW MOD TOTAL INELG. VLONt LOW MOD TOTAL INELG. p ~ ~~ 0 0 0 6 ~. California Redevelopment Agencies -Fiscal Year 2009-2010 HCD-63 ScIl D3 (Revised: 9-28-10) SCHEDULE HCD-t)9 GENERAL PROJECT/PROGRAM INa=pRMAT10N For each different Project/Program (area/name/aav or nonage dev/rental ar 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. Renaa/s; 16 Nonagy Dov. 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 Rentaq, 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-is, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing ProjectlProgram: ProjectlProgram Address {optional): Street: R44 t i I R I and Owner Name {optional): Total ProjectlProgram Units Restricted Units: ~ Unrestricted Units: # 10 # -10 # 0 'or prolectstoroarams with no RDA assistance do not como[ete env of below or env of HCD D2-D6. OnN comnlete HCD-D7. Was tfiis a federally assisted multi-fami3y rental project [Gov't Code Sec#ion 65863.10(x)(3)]? ^ YES ~ NO Number of units occupied by ineligible housefiolds (e.g. ineligible incomel# of residen#s in unit) a# FY end # 3 Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY end # 5 Number of units restricted far special needs: (number must not exceed "Total Project Units') # 0 Number of units resfric#ed that era serving one or more Special Needs: # 0 ^ Check, if. data not available {rvore:.v unrrmayserve mural # DISABLED (Mental) DISABLED (Physical) FARMWORKER(Migrant) IVBaQS pa/av/. JOIII UI all !ae UCtUW [:Gll tlXGGCU Ltro rvLL1UG! W i/IlleO auwe~ FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (a/lowabfe use onfv with "Other Housing UnrTs Provided -Without LMIHF"Sch-Dl Afforrlahitifv and/or Sneciat Need Use Restriction Term tenter day/monthtvear usina~ digits, e.n. 47/41/2442): Replacement Housin Units . Inctusiona Housin Units Other Hausin Units Provided With LMIHF Without LMIHF Restriction Start Date 10 Restriction End Date Perpetuity Funding Sources: ~anfa hAnnira RadPValn want tJPnry Farthrtnake RarnvEry RedavalnnmPnt PrnjPrf. Area 844 Lincoln Boulevard City: ZlP: Santa Monica ~ 94403 Redevelopment Funds: $ `3,~ 362 Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds $ Owner's Equity: $ __ TCAC/Federal Award: $ TCAC/State Award: $ Total Qevelopment/Purchase Cost: $ 3,763,362 Check all appropriate form(sj below that will be used to identify a!I 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 Praject Area (Sch HGD-D4) ^ Without LMIHF (Sch HCD-D6) ^ No AoencvAssistance (Sch HCD-D7) California Redevelopment Agencies-Fscal Year 200&20'10 - - HCD-D1 Sch D1 (Revised: 9-ZS-10) _ scweDULE Hco-D3 INCLUSIONARY HOUSING UNITS INI SIDE PROJECT AREA) (units not claimed on Schedule d-4,5,8,7) (units with required affordability restrictions tha4 agency or community controls) Agency: Santa Monica Redevelopment Agency Redeveiopmen# Praject Area Name; ~a ~IL_ R~rv RaclayelnomPnt PrnjPr~a Affordable Housing Project Name: 844 Lincoln Boulevard Proiec[ Check only one. If both apply, complete a separate form for each (with another Sch-D1): ^ A enc Developed ~ Non-Agency Developed Gheck only one. I# bath apply, complete a separate form for each (with another Sch-D1): ~/ Rental ^0wner-Occupied Enter the number of units for each applicable activity helow: Note: "tNELG° refers to a household that is no longer eligible but still a temporary resident and part of the total A. Now Construction Units Eldery Units Non Elderly llnits TOTAL Elderly & Non Elder€y Units VLOW LOW MOD TOFAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. Of Total, identify tthenu-mlher aggregated Erom othee project areas (seo HCD•A(s), ttem ^ 8}: B. Subs#antial Rehabilitation fPost `931A6 1290 Definition of Value >25%: Credit for Obliaattons Since 19941: Elderly Units Non Eiderly Units TOTAL Elderly & Non Elderly Units VLOW LOW IvtOD TOTAL INELG. VLONI LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. ~p ~ 10 10 ~ 0 10 0 10 Of Total, identify the number aggregated From other project areas (see HCD-A{s), hem - tS}: G Acauisitian of Covenants {Post `93/A61290 Reform Only Multi-Family Vlow & Low & Other Restrictions}: Eldedy Units Non Elderly Units TOTAL. Elderly & Mon Elderly Units VLOW LOW fvIOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW V-~J~MOD TOTAL INELG. ~ ~~ ©D D D VtU41f'~;. i D l O TOTAL IJNI'['S (Add only TOTAL of all °`T®Tr~L Elderly /Nom Elderly Units"}: - 10 IIf'TOTitL UtVITS is less Uran "Total Praject Uruts" on Hf:1} Schedule D7, report Ure ren¢aining units as instructed hehna Check all appropriate forms} listed below thatwitl 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 Assistanco (Sch HCD-D7) Identify the number of Inclusionary Units which also have been counted as Replacement Units: Eiderly Units - Non Elderly Units ~ TOTAL Elderly & Non Elderly Units VLOW LOU! MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. ~p ~ D O D 0 0 4 ~ II~ California Retlevetopmen[Agencies-Fisczt Year2009-2070 HCD-D3 Sch D3 (Revised: 4-28-I O} SGHEDUlE HCD-D1 GENERAL PROJEGT/PROGRAM INFORMATION For each different ProjecttProgram {arealname/agLor nonagydev/rental or owner), complete a ~D1 and applicable D2-D7 Examples: 1; 25 minorrehab (Nonagy Dev): Area 1: ?5 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-i & 1 D-3. 4: 10 new (Outside). 2AgyDev (restricted Rental), 8 NonagyDev (nonrestricted Owner) Complete 2 D-1s, 1 D-4, & 1 D-5. Name of Redevelopmen4 Agency: Identify Project Area or specify "Outside": General Title of Housing Project/Program: ProjecttProgram Address (optional): Street: ~nau Fth Cf n t Owner Name {optional): Total ProjectlPragram Units: Restricted Units: Unresfricted Units: # 6 # 6 # 0 'or proiects/programs with no RDA assistance do not complete env of below or env of HCD D2-D6. ONV complete HCD-D7. Was this a federally assisted multifamily rental project (Gov't Code Section 65863.10(a){3))? 0 YES ^ NO Number of unitsnccupied by ineligible households {e.g. ineligible income/# of residents in unit) at FY end # 5 Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY end # 9 Number of units restricted for special needs: (number must not exceed "Total Project Units') # 6 Number of units restricted tfiat are serving anent more Special Needs: # ~ Check, if data rot available (Note: A unit may serve multiple "Special Needs"betovv. Sum of alt the pe(ow can exceea me -rvumoer or DISABLED (Mental) DISABLED (Physical) FRRMWORKER (Migrant) FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use onl with "Other Housing nrv...wet,aa„ andtnr Rnacial Mend itse Restriction Term lenfer day/month/near using di91t5, e.y. 07/D1t2602): n.•v.vu.v...~p v.. . .. - .___..-_ Re lacement Housin Units - -. - Inclusions Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date 05 2008 Restriction End Date Perpetuity Funding Sources: 241 S 5th Street - - Cam; ZIP: Santa Mnnira .99$nn+ Redevelopment Funds: $ 1.881$,818 Federal Funds $ 181 445 State Funds: $ Other Local Funds: $ _ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAClState Award: $ TotalpevelopmentlPurchase Cost: $ 2,000,263 Check all appropriate forms} below that will be used ko identify ail of th ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) ^/ Outside Projecf Area (Sch HGD-D4) California Redevelopment Agencies -Fiscal Year 2009-2010 is Project'slProgram's Units: Other Housing Units Provided: ^ With LMIHF {Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) ^ No Aeency Assistance (Sch HCD-D7) HCD-D1 ScilDl (Revised; 9-28-10) scHEDULE wcD-D4 INCLUSIONARY HOUSING UNITS (OUTSIDE RLLAROJECT AREAS) (units not claimed on Schedule IJ-3,5,6,7) (units with required affordability restric#ions that agency ar community controls) Agency: Santa Monica Redevelopment Aaency Project Area: OUTSIDE Affordable Housing Project Name: 2418 5th Street Check only one. If both apply, complete a separate form for each (with another Sch-D1}: ^ Agency Developed QNon-Aaency Developed Check only one. 9f both appfy, complete a separate form for each (with another Sch-D1}: Q Rental ^ Owner-Occu-ied Check only one. If both apply, complete a separate form for each (with another Sch-D1): ^ One-to-One Credit ~ Two-ko-One Credit (units do not fulfill any (2 units required to fulfiill project area obligation) 1 obligation of any project area) Note: "INELG"refers to a household that is no longer eligible but still a temporary residenf and part of the total Enter the number of units for each applicable activity below: _ A. New Construction: _ Elderly Units Nan Elderly units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG: VLOW LOW MOD TOTAL' INELG. VLOVJ .LOW MOD TOTAL WECG. Of Total, identify the number aggregated from o#her project areas {see HCD-A(s}, Item ^ 8}: B. Substantial Rehabilitation: fPost-'93/AB 129D Definition of Value >25°!°: Credit for Obiiaations Since 1994): _ Eldery Units Non Elderly UniFS TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL [NELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 6 l=i ~ ~ ~ 0 6 0 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: Oniv Multi-Famifv Vlow & Low & Other Restrictions}: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW .LOW MOD' TOTAL INELG. VLOUV LOW MOD TOTAL INELG. II 11 ~~ rl,~l©~ g o DD TOTAI. UNITS (Add only TOTAL of alt "TOTAL Elderly 1 Non E1deI•Iy tan#s"): i If TOTAL UNITS is less rhme "Total PrateeNPraprarrx Uaixs" mx HLD SeLcdale DI, report the renmirrirr~ antis as instructed bel°rn I Check all appropriate form(s) fisted 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) ^Wifhout LMfHF (Sch HCD-D6) ^ No Assistance (Sch HCD-t?7) Identify the number of Inclusionary Units which also have been counted as Replacement Units: Elderly Units Non Elderly Units TOTAL E3dedy & Non Eldery Units VLOW LOW MOD TOTAL INELG. VLOW LOW Iv100 TOTAL INELG. VLOW LOW MOD TOTAL INELG. 0 n~~n ~ a o o ~ ~o Calirornia Redevelopment Agencies -Fiscal Year 2009-261 D HCD-D4 Sch -4 (Revi~d: 9-2&-10) SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAiVI INFORMATION For each different Project/Program {area/namelogy or nonage devlrental or owner), complete a D1 and applicable D2-D7 ExamAles: 1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Renta(,• & Outside: 4 Rental. Complete 3 D-1s, & Ds3-A-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 (resfricted}: Area 4: i5 Nonagy Dev, Owner. Complete 1 D-1 & 1 D-3. 4: 10 new (Outside). 2 Agy Dev (restricted RentalJ, 8 Nonagy Dev (nonrestricted Owner) Complete 2 D-is, 1 D-4, & 1-b-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing Project/Program: ProjectfProgram Address (optional): Street: 2320 34th Street Cam: ZIP: ,2.,49n 4Ath 4traaF Santa Mpnira 90405 Owner Name (Optional): ~n7munity (~nronratinn of Ranfa Mnnira _ Total Project/Program Units: Restricted Units: Unrestricted Units: # 6 # 6 # 0 Was this a federally assisted multi-family rental project (Gov't Code Section 65863.10(a)(3)]? DYES L3 NO Number of units occupied by ineligible households {e.g- ineligible income!# of residents in unit) at FY end # 0 Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY end # 0 Number of units restricted for special needs: (number must not exceed °Total Project Units'} # 0 Number of units restricted that are serving one or more Special Needs: # 0 ^ Check, if data not available (Note: A unit may serve munq w DISABLED (Mental) t DISADLED (Physical) I FARMWORKER (Migrant) Special Needs" below. J'um or all the ber04'/ can exceed me -IVUmner or unrrs FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD # LARGE FAMILY # (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCYSHELTERS (aflpwable use on! with 'Other Housing aff~rdahility andlor Special Need Use Restriction Term (enter day/monthtvear using digits, e.g. 07/0'1(2002): Replacement Housin Units lnclusiona Housin Units Other Housin Units Provided With LMIHF Without LMIHF Restriction Start Date 08/O5t2008 Restriction End Dafe Perpetuity Funding Sources: Redevelopment Funds: $ ~,3g~,$7~ Federal Funds $ 620 126 State Funds: $ Other Local Funds: $ Private Funds: $ Ownel's Equity: $ TCAC/Federal Award: $ TCAGlState Award: $ Total Development/Purchase Cosf: $ 1,965,005 Check all appropriate form(s) below that wilt be used to identify all of fhis 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 (Soh HCD-D4) ^ Without LMIHF (Sch HCD-D6} ^ No Agency Assistance {Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2009-2010 HCD-D1 Sch D] (Revised: 9-2&l0) ' SCHEDULE HCD-iJ4 INCLUSIONARY HOUSING UNITS (OUTSIDE ALL PROJECT AREAS) (units naf claimed on Schedule D-3,5,6,7) (units with required affordability restrictions that agency or community controls) Agency: Santa Monica Redevelopment Agencv PrajectArea: OUTSIDE - Affordable Housing Project Name: 2320 34th Street Check only one. If both apply, complete a separate form for each (with another Scfi-D1}: ©Agencv Developed _ ~ Non-Agencv Developed Check only one. it both apply, complete a separate form for each (with another Sch-D1}; /~ Rental ^ Owner-Occuaied Check only one. If both apply, complete a separate form for each (with ano#her Sch-D1}; ^ One-to-One Credit Q Two-ta-One Credit {units do not fulfill any (2 units required fo fulfill project area obligation) t obligation o4 any project area) Note: `INELG"refers to a household chat is na longer eligible but still a Temporary resident and part of the total Enter the number of units for each applicable act(vity below: A. NewConstruction: Elderly Units Non Elderly Units _ TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLON/ LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. ~~ ~ ~ ~ Of Total, identify tfie number aggregated from ether project areas (see HCD-A(s}, Item 8}: B. Substantial Rehabilitation- (Post=93/AB 1290 Definition of Value X25°l°; Credit for Obligations Since 79941: - Etdedy Units Non Elderly Units TOTAL Eider(y & Non Elderly Units VLOW LOW MOD TOTAL INELG, VLOW LOW MOD TOTAL INELG. VLOW LO'N MOD TOTAL INELG. ~~- 6 ~ ~ 0 6 0 ~~ Off Total, identify the number aggregated from ofher project areas (see HGD-A(sy, Item ^ 8): C. Acquisition of Covenants (Post-`931AB 1290 Reform: Only Multi-Family Vlow & Low & Other Restrictionsl: - Elderty Units ~ Non Elderly Units TOTAL Elderly & Non Elderly Ureits VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL WELG. VLOW LOW MOD .TOTAL INELG. G - ~ ~ ~ N Q TOTAL UNTTS (Add only TOTAL of all "T~TAi; Elderly !von Elderly Units"}: I TfTOTA7. 77MT.S i.° tees than "Total Prnleet/Proernnr Dni1s" on ACD Sclredtde DI, report the renraixing rrxits us instructed belmv. t Check all appropriate #orm(s) listed below that wilt be used to identify remaining Project Units to 6e repol4ed: ^ Replacement Housing Units ^ Inclusionary Units (Inside Project Area) 67her Housing Units Provided: (Sch HCD-D2) (Sch HCD-D3) ^ With LMIHP (Sch HCD-D5) ^ Without LMIHF {Sch HCD-D6) -~ ^ No Assistance (Sch HGD-D7} Identify the number of Inclusionary Units which also have been counted as Replacement Units: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD T~~OTA~-L INELG. VLOW LOW MOD TOTAL INELG. ®~ ~I v I~ 0 0 0 ~~ California Redevelopment Agencies -Fiscal Year 2003-2010 _ HCD-D4 Sch D4 (Revixd: 9-28-10) SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM ENFORMATION For each different Projecf/Program (area/name/agy or nonage dev/rental or owner), comp3ete a D1 and applicable D2-D7. Examples: 1: 25 minorn:hab (Nonagy Dev): Area 1: 15 Owner; Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-1s, & Ds34-5. 2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 16 Nonagy Dev. Rentals. Complete 2Il-1s & 2 D-5s. 3: 15 sub reheh (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. Flame of Redevelopment Agency: Identify Project Area or specify "Outside": General Title of Housing Project/Program: ProjectlProgram Address (optional): Street: 1513 Centinela Avenue Cite: ZtP: 9K14 (:prrt'nnla Aven ra Santa Monica 90404 Owner Name (optional}: Community Corporation of Santa Monica Total Project/Program Unifs: Restrictetl Units: Unres#ricted Units: # 8 # 8 # D Was this a federally assisted multi-family rental project jGov't Code Section 65863.10(a)(3)j? ®YES ~ NO Number of units occupied by ineligible households {e.g. ineligible income/# of residents in unit) at FY end # 4 Number of bedrooms occupied by ineligible persons (e.g. ineligible incomel# of residents in unit) at FY end # 7 Number of units restricted for specie! needs: (number must not exceed "Total Project Units') # 0 Number of units restricted that are serving one or more Special Needs: # 0 ^ Ch"eck, if data not oval€able (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 #_ DfSABLED (Pfiysical) # FEMALE HEAD OF HOUSHOLD # ELDERLY # FARMWORKER (Migrant) # LARGE FAMILY # - EMERGENCY SHELTERS J (4 or more Bedrooms) (allowable use only wdh "Other Housing UnHs Provided - Wdhout LMIt-tF"Sch-D6 nirnrAaAiniv anrttnr Rnar:ial Need llse Restriction Term /enter day/mon$h/veer using dlpits, e.q. 67101/24U2): Re lacement Housin Units Inclusiona Housin Unifs Other Housin Units Provided WikhLMIHF Without LMIHF Restriction Start Date 12/03 2008 Restriction End Date - Perpetuity Funding Sources: Redevelopment Funds: $ s,1t~o89 Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ Total Development/Purchase Cast: $ 3,112,089 Check all appropriate form(s) below that wilt be used to identify alt of th ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ^ Inside Project Area (Sch HCD-D3) 0 Outside Project Area (Sch HCD-D4) California Redevelopment Agencies -Fiscal Year 2009-2010 is Project'slProgram's Untts: Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) ^ No Aoencv Assistance (Sch HCD-D7) HCD-D1 Sch Dl (Revised: 9-28-10) SCHEDULE HCD-D4 INCLUSIONARY HOUSING UNITS {OUTSIDE ALL PROJECT AREAS) (units not claimed on Sciredute D-3,3,8,E (units with required affordability restrictions that agency or community controls} Agency: Santa Monica Redevelopment Agency Project Area: OUTSIDE Affordable Housing Project Name: 1513 Centinela Avenue Check only one. D both apply, comple#e a separate form for each (with another Sch-D9): - ^ Agencv Developed ~/ Non-Aoencv Developed Check only one. If both apply, complete a separate form for aach (with another Sch-D9): ~ Rental ^ Owner-Oceuoied Check only one. If both apply, complete a separate form for each {with another Sch-69): ^ One-to-One Credit ~ Two-to-One Credit (units do not fu~Il any (2 units required to fulfil! project area obligation) 1 obligation of any project area) Note: "INEG;"refers~to a household that is no longer eligible but stall a temporary resident andpart of the total Enter the number of units for~each appiicabla activity below: A. New Construction: Elderly unies Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW COW MOD TOTAL INELG. VLOW LOW N40D TOTAL INELG. VLOW LOW MOO TOTAL INELG. - Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item ^ 3): B. Substantial Rehabilitaticn~ (Post= 93tA6 9290 Definition of Value >25°J°: Credit for Obligations Since 9994): - - Elderly Units Non Ederly Units TOTAL Eideriy $ Non Elderly Units VLOW LOW MOD YOTAL INELG. VLOW LOW MOO TOTAL. INELG. VLOW LOW rotOD TOTAL INELG. ~~ 8 ~ ~ 0 8 0 8 Of Total, identify the number aggregated from other project areas (see HGD-A(s), Item ^ 8): C. Acquisition of Covenants (Post `93/AB 929D Reform: Only Multi-Family Vlow & Low & Other Rastrictionsl: Eideriy UnRS Non Elderly Units TOTAL Eideriy $ Non Eideriy Units TAL VLOW LOW MOD- TOTAL INELG. VLOW 'LOW MOD T INELG. VLOW LOW MOD TOTAL INELG. O II ~~~ I V I ~ D D ~I~I, ~~ TOTAL UNIT5 {Add only TOTAL of all "`T®T'71,L Elderly I ion Elderly Units"): If TOTAL UNITS is lees thm: "Tata7ProjecUPrngran: Units" nn HCD Schedule D7, report hre remaining nni[s as tnsh•rtcted belmv. 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 Peovided: (Sch HGD-D2) (Sch HCD-D3} ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF {Sch HCD-D8) ^ No Assistance (Sch NCR-D7) Identify the number of Inclusionary Units which also have been counted as Replacement Units: Elderly Untts - ~ Nan Elderly Units TOTAL Elderly & Non Eideriy Units VLOW SLOW-~MOD~jTO~TA~L INELG. VLOW LOW MOD TOTAL INELG. - VLODU LOW MOD TOTAL INELG. California Redevelopment Agencies -Fiscal Year 2003-2010 HCD-D4 SefiD4 (Revised: 9-25-10) SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAM INFORMATION For each different ProjectlProgram (area/namelany 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 Rentaf,~ & 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: 1Q new (Outside). ZAgy 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: 750-752 Marine Street Apartments CCU: ZIP: 75n-7~~ nna: r;P CtraPt _ _ Canta Mnnira 90405 Owner Name (optional): Community Comoration of Santa Monica Total ProjecUProgram Units: Restricted Units: Unrestricted Units: # 8 # 8 # 0 Was this a federally assisted multi-family rental project [Gov f Code Section 65863.10(x)(3)]? ^ YES t1 NO Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY end- # 5 Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) a4 FY end- # 10 Number of units restricted for special needs: (number must not exceed `7ota1 Project Units) # 0 Number of units restricted that are serving one or more Special Needs: # ^ Check, if data not available (Note: A unit may serve multip/e "Special Needs" below. Sum of au the oerow can exceea me -rvumoer or DISABLED (Mental) DISABLED (Physical) FARMW ORKER (Migrant) FARMWORKER (Permanent} FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCY SHELTERS (allowable use o~ with `Other Housing ers.,.rrar,rurr, analnr Snn_rial Nomad Ilea Ra_ctriction Term tenter day/month/near 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 11/1 2008 Restriction End Date Perpetuity Funding Sources: Redevelopment Funds: $ ~,~27_ 118 Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds: $ Owner's Equity: $ TGAC/Federal Award: $ TGAC/State Award: $ Total Devefopment/Purchase Cost: $ 3.227,118 Check all appropriate forms} below that will he used to identify alt of th ^ Replacement Housing Units Inclusionary Units: (Sch HCD-D2) ©Inside Project Area (Sch HCD-D3) ^/ Outside Project Area (Sch HCD-D4) California Redevelopment ggencles -Fiscal Year 2009-2010 is Project's/Program's Units: Other Housing Units Provided: ^ With LMIHF (Sch HCD-D5) ^ Without LMIHF (Sch HCD-D6) No Agency Assistance (Sch HCD-D7) HCD-D1 ScL Dl (Revised: B-28-10} SCHEDULE HCD-D4 INCLUSIONARY HOUSING UNITS OU( TSIDE ALL PROJECT AREAS} - (units naf claimed on Schedule D•3,5,6,7) (units with required affordability restrictions that agency or community controls) Agency: Santa Monica Redevelopmont Aoencv Project Area: OUTSIDE Affordable Housing Project Name: 750-752 Marine Street Apartments Check only one. If both apply, complete a separate form for each (with another Sch-D9): ^Aoencv Developed /^ Non-Aoencv Developed Check only one. If both apply, complete a separate form for each {with another Sch-D1); ~ Rental ^ OwnerOccupied - Check onty one. If both apply, complete a separate forth for each (with another Sch-D1 ): ^ One-Fo-One Credit ~ Two-to-One Credit (units do not fulfill any (2 units required fo fulfill project area obligation) 9 obligation of any project area} Note: "INELG"refers to a household that is no longer eligible but sSll a temporary resident and pan of the total Enter the number of units for each applicable activity below: A. New Construction: EEtlerly Uni[s Non Elderly Units TOTAL Etderfy 8 Non Elderly Units VLOW LOW M1-0OD TOTAL INELG. VLOW LOW MOD TOTAL 4NELG. VLOW LOW MOD. TOTAL fNELG. ~~ o o a o °0. Of Total, identify the number aggregated from other projec4 areas (see HCD-A(s}, item 8): u B. Substantial Rehabilitation jPost-`93/A6 9290 Definition of Value >25%: Credit for Obligations Since 9994): Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. ~~ $ ~~ 0 ~ $ 0 ~~ 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: Only Multi-Family Vlow & Low & Other Restrictions): Elderly Units Non Elderly Units TOTAL Eideriy & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLON/ LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. ~° 0 ~ 0 0 0 'I'l'E °~ TOTAL UNITS (Add only TOTAL-nff all "TOTAL Elderly /Non Elderly Units"}: E$TOT.4L UNITS is less fhmr "TUtaZProjeeUProgra+n Units"ma HCD Scl:ednte DI, reporK the remaining rrrrirs us iuslrrrcted befmv. Check all appropriate form{s) listed below that will be used to identify remaining Project Units to be repoded: ^ 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 caunted as Replacement Units: Elderly Units Non Eltlerly Units TOTAL Elderly & Nan Etderfy Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOFAL INELG. VLOW LOW. MOD TOTAL INELG. ~~~~~~~ 0 0 a ~~ Califomla Redevelopment Agencies-Fiscal Year 2005-26t0 - HCD-D4 Sch Dd (Revised: 9-28-10J SCHEDULE HCD-D1 GENERAL PROJECTlPROGRAM INFORMAT90N For each different Project/Program (area/name/agv or nonage dev/rental or owner), oomplete a D1 and applicable D2-D7 Examples: 7: 25 minor rehab (Nonagy Dev): Area T: f5 Owner, Area 2: 6 Rental; & Outside: 4 Rental. Complete 3 D-is, & Ds3-4-5. 2: 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. Rentals; 76 Nonagy Dev. Rentals. Comptete 2 D-1s & 2 D-5s. 3: 75 sub rehab (restricted): Area 4: 15 Nonagy Dev, Owner. Comptete 1 D-1 & 7 D-3. 4: 90 new {Outside): 2 Agy Dev (restricfed Rental), 8 Nonagy Dev {nonrestricted Owner) Complete 2 D-1s, 9 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or specify "Outside": General Ti#le of Housing ProjecttProgram: Project/Program Address (optionat): Street: Steo Uo on Second CCU: 21P: oaon e...,er nt ~ R to and Santa Mnnira 90401 Owner Name (optional): Tofal ProjectlProgram Units: Restricted Units: Unrestricted Units: # 8 # 8 # 0 Was this a federally assisted multi-family rental project [Gov't Code Section 65863.10(a}(3)]? ^ YES Number ofi units occupied by ineligible households {e.g. ineligible income/# of residents in unit} a4 FY end Number of bedrooms occupied by ineligible parsons (e.g. ineligible income/# of residents in unit) at FY erd 1 NO # 0 # 0 Number of units restricted for special needs: {number must not exceed °Total Project Units') # 7 Number of units restricted that are serving one or more Special Needs: # 7 ^ Check, if data not available (Note: A unit may serve multiple "Special Needs" below. Sum of alt the below can exceed the "Number of Unifs" DISABLED (Mental) DlSABLED~(Physical} FARMWORKER (Migrant) FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 ar more. Bedrooms) TRANSITIONAL HOUSING ELDERLY EMERGENCYSHELTERS (al/owable use onf with "Other Housing Unds Provided - Wrfhout LMIHF"Sch-Df e~rs rAaFiif,. anA/nr Rnartial Naad Use. Restriction Term (enter day/monthtvear usmq diarts, e.n. orluvZUUY1: Replacement Housin Units Inclusiona Housin Units Other Housin Units Provided WithLMIHF Without LMIHF Restriction Start Date 10117 20 7 Restriction End Date Perpetuity Funding Sources: Redevelopment Furids: $_~o1s 11~ Federal Funds $ State Funds: $ 733 810 Other Local Funds: $ 200 000 Private Funds: $ 2&D,592 Owner's Equity: $ TCAC/Federal Award: $ TCAC/State Award: $ Total Development/Purchase Cost: $ 3,232,564 Chec1Y alt appropriate fo€m(s) below that will be used to identify alt of this Projecf'slProgram's Units: ^ Replacement Housing Units Inclusionary Unifs:- Other Housing Units Provided: (Sch HCD-D2) ^ inside Project Area (Sch HCD-D3} ^ With LMIHF (Sch HCD-D5) ^/ Outside Project Area (Sch HCD-D4) ^ Withou LMIHF (Sch HCD-D6) ^ No Agency Assistance (Sch HCD-D7) California Redevelopment Agencies -Fiscal Year 2003-2010 HCD-D1 Scly Dl (Revised: 9-28-10) 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 Agencv Project Area: OUTSIDE Affordable Housing Project Name; Step Upon Second Check only one. If both apply, complete a separate form for each (with another Sch-D7): ^ Agencv Developed ~ Non-Aoenev Developed Check only one. !f both apply, complete a separate form for each {with another Sch-D1 ): ~ Rental ^Gwner-Occupied Check only one. 1$ both apply, complete a separate form for each {with another Sch-D7): ^ One-ta-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) Nofe: "INELG"refers to a household thaf is no longer etigibte but stilt a temporary resident and part of the total Enter the number of units for each applicable activity below A. New Construction: Eldedy units Non Elderly Uni€s TOTAL Elderly & Non Elderly Units VLOW LOW -MOD 70TAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 0 ~ 0 0 0 ~~ Of Tofai, identify the number aggregated from other project areas (see H CO-A(s), Item ^ S): B. Substantial Rehabilitation- fPost-'931A61294 Definition of Value X25%: Credit for Obligations Since 1994): Elderly Units ~ Non Elder[y Umts TOTAL Elderly BNon Elderly Units TOTAL INELG. VLOW LOW MOD •TOTAL INELG. VLOW LOl^J MOO VLOW LOW MOD TOTAL INELG, '~~ ~~ 7 1 III~~ 7 1 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: OnivMuIti-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 ENELG. ~p ~ ~~ 0 0 0 TOTAL, UNITS (Add only TOTAL of alt `°T®TAL Ejderjy /Non Ejderjy Yjnits"): ~7f TOTAL UrVITS is less !Iran "Total Proiect/ProEranz Units" an H6D Sebednte Dl, report the rernanzirzg nnifs as ntstrected betuty. Gheek 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-DEi) ^ No Assistance (Sch HCD-D7) Identify the number of Inclusionary Units which alsq have been cqunted as Replacement Units: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD FOTAL INELG. VLOW LOW MOD TOTAL .INELG. ~~ ~~ ~ N U I V~~ California Redevelopment Agencies -Fiscal Year 2069-2010 HCD-D4 Sch D4 (Revise$ 9-28-IO) - sc~e®u~e Nc®-~ CAI,CIT[.ATImN OF INCREASE IN AGENC~"5 II~TCI.i7SI®1®TARY ®BLIGATIGN' ~ASEID C)N SPECIFIEID FI®iJSING ACTIVITY DURING TIDE RE~GI2TIPIG NEAR Agency: Santa Monica Redevelopment Agencv Name of Project or Area (if applicable, Iist "Outside" or " Summary": Snmmarv Complete this form to report activity separately by project or area or to surnnam$ze activity for flee yeas Report old nerov constrractiorz andlor sarbstantial rehabilitation units froth Forrns DZ tlirougla D7 that were: (a) developed by the agency andlor (b) developed only in a project atea by a nanagencypersors ar entity. PART I (II&SC Section 33413(b)(1)] AGENCY DEVELOPED UNITS DURING THE REPORTING YEAR BOTH IlVSIDE AND OUTSIDE OI' A PROJECT AREA 1. New Units Developed by the Agencv 2. Substantially Rehabilitated Units Developed by the A ,gene 3. Subtotal -Baseline of A~ Developed Units {add lines 1 8e 2) tl 4. Subtotal ofIncreased Inclusionary Ob&gation (Line 3 x 30%) (see Notes 1 and 2 below) 5. Ve1~ L6W Inclusionary Obligation Increase Units (Line 4 x 50%) 0 PART II (H&SC Section 33413{b}(2)] NONAGENCY DEVELOPED UNITS DURING TIIE REPORTING YEAR ONLY INSIDE A PROJECT AREA 6. New Units Developed by Any Nona>?ency Person or Entity 171 7. Substantially Rehabilitated Units Developed by Any Nonagency Person or Entity 5(3 8. Subtotal -Baseline of Nonagency_ Developed Units (add Ines 6 & 7} 229 9. Subtotal of Increased Inclusionary Obligation (Line 8 x 15%) (see Notes 1 and 2 below) 34 10. Ver~Low Inclusionary Obligation Increase (Line 9 x 40%) 14 PART III REPORTING YEAR TOTALS 11. Total Increase in Inclusionary Obligation (add lines 4 and 9} 34 12. Very-Low Inclusionary Obligation Increase (add line 5 and 10) {Line 12 is a subset of Line IZ) 14 *******a**xs*a******s*x*sa.*».sssasxxssaa********::a*=:***x*z*xs*aa<isr*axas**a*******a:*x*srx:s*+ezasx********s*xs**>****z*sttasa Section 33413{b}(1), (Z}, and (4} require agencies to ensure that applicable percentages (30% ar 15%) of old (market-rate and affnrr7able) "new arad substantiul[y rehabilitated dwelling units" are made available at affordable housing cost within 10 year planning per^inds. Market-rate units: units not assisted with low-mod funds and jurisdiction does rzat corzirol affordability restrictions. Affordable units: -units generally restricted for the longest feasible tithe beyond the redevelopanenP plan's land use controls and jurisdiction controls affordability restrictions. Agencv developed tanits: market-rate units can trot exceed 70 percent and affordable tanits must be ttt least 30 percent; However, all units assisted with dow-rrrod funds must be affordable. Nonapeney developed (nroiect area) units: tnarlcet-rate units can not exceed 85 percent and affordable units must be at least IS percent. Production requirements may be rnet on-a project-by project basis or in aggregate within each ZO year planaztng period The percentage of affordable units relative to total units required rovithirr each ZO year planning period razay be calculated as follows: AFFORDABLE emits =Market-rate x {,30 or .1 S) TOTAL tznits = Market-rate or A ordable (.70 or.85} (.7D or.85) (.3D or.15) California Redevelopment Agencies-Fisczl Year 2009-2g1g 'HCD-E Sch E-1 (Revised: 9-26-10) -