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Home My WebLink AboutDecember 19, 1995I \ ~ ~~ ; ~~ .. ~ ~ A G E N D A~ ^^^ Arcadia City Council and Redevelopment Agency Meeting December 19, 1995 Regular Meeting: 6:00 p.m. ACTION ROLL CALL: Council Members Chang, Kuhn, Ulrich, Young and Lojeski 1. SUPPLEMENTAL INFORMATION FROM STAFF REGARDING AGENDA ITEMS - REPORTS/ANNOUNCEMENTS/STATEMENTS 2. QUESTIONS FROM CITY COUNCIL/REDEVELOPMENT AGENCY REGARDING CLARIFICATION OF AGENDA ITEMS 3. TIME RESERVED FOR THOSE IN THE AUDIENCE WHO WISH TO ADDRESS THE CITY COUNCIL (NON-PUBLIC HEARING) -(FIVE MINUTE TIME LIMIT PER PERSON) 4. DISCUSSION OF ARCADIA POLICE DEPARTMENT ACTIVITIES 7:00 P.M. INVOCATION PLEDGE OF ALLEGIANCE ROLL CALL: Council Members Chang, Kuhn, Ulrich, Young and Lojeski 5. SUPPLEMENTAL INFORMATION FROM STAFF REGARDING AGENDA ITEMS - REPORTS/ANNOUNCEMENTS/STATEMENTS 6. QUESTIONS FROM CITY COUNCIL/REDEVELOPMENT AGENCY REGARDING CLARIFICATION OF AGENDA ITEMS 1- AGENDA 12/19/95 ~ ..., _ ~ ' ~ ' 7. TIME RESERVED FOR THOSE IN THE AUDIENCE WHO WISH TO ADDRESS THE CITY COUNCIL (NON-PUBIIC HEARING) -(FIVE MINUTE TIME LIMIT PER PERSON) 8. MATTERS FROM ELECTED OFFICIALS City Council Reports/Announcements/Statements/Future Agenda (tems ACTION 9. MEETING OF THE ARCADIA REDEVELOPMENT AGENCY AND CITY COUNCIL ROLL CALL: Agency Members Chang, Kuhn, Ulrich, Young and Lojeski a. Report and Recommendation to approve the Redevelopment Agency Annual Report for FY 1994-95. b. Report and Recommendation to partialiy repay loan from Redevelopment Agency to City from available funds and re-borrow same to Agency; and extend terms of outstanding Redevelopment debt to the City for Fiscal Year 1995-1996. ADJOURN REDEVELOPMENT AGENCY to January 2, 1996 at 5:30 p.m. 10. CONSENT ITEMS a. Report and recommendation for authorization to advertise for bids for the rehabilitation of Chapman Well. 11. CITY MANAGER a. Report and recommendation regarding Community Center Use Policy. ADJOURN to January 2, 1996 @ 5:30 p.m. -2- AGENDA 12/99/95 \ ; . :. - -- _., . f~ ANNOTATED AGENDA .A G E 111 D A , Arcadia City Council ° and ~"°°A=oR.T~9-~°°' Redevelopment Agency Meeting December 19,_1995 Regular Meeting: 6:00 p.m. V~\ ~ ~^~ `~ ~ ACTION ROLL CALC: Council Members Chang, Kuhn, Ulrich, Young and Lojeski all present 1. SUPPLEMENTAL INFORMATION FROM STAFF REGARDING AGENDA ITEMS - REPORTS/ANNOUNCEMENTS/STATEMENTS None 2. . QUESTIONS FROM CITY COUNCIL/REDEVELOPMENT AGENCY REGARDING CLARIFICATION OF AGENDA ITEMS None 3. TIME RESERVED FOR THOSE IN THE AUDIENCE WHO WISH TO ADDRESS THE CITY COUNCIL (NON-PUBLIC HEARING) -(FIVE MINUTE TIME LIMIT PER PERSON) No one came f 4. DISCUSSION OF ARCADIA POLICE DEPARTMENT ACTIVITIES Police Chief 7:00 P.M. INVOCATION Mr. Kim Knight, First Reader, First Church of Christ, Sci PLEDGE OF ALLEGIANCE Ronnie Garner, Chief of Police ROLL CALL: Council Members Chang, Kuhn, Ulrich. Young and Lojeski 5. . SUPPLEMENTAL INFaRMATION FROM STAFF REGARDING AGENDAITEMS-REPORTS/ANNOUNCEMENTS/STATEMENTS 6. QUESTIONS FROM CITY COUNCIL/REDEVELOPMENT AGENCY REGARDING CLARIFICATION OF AGENDA ITEMS All present City Mgr. Kelly Downtown 2000 P update None 1- AGENDA 12/19l95 ~ : J . ,~ ~ ~. , _~ ~ , 7. TIME RESERVED FOR THOSE IN THE AUDIENCE WHO WISH TO ACTION ADDRESS THE CITY COUNCIL (NON-PUBLIC HEARING) -(FIVE Vince Foley MINUTE TIME LIMIT PER PERSON) Earbara Ellison 8. MATTERS FROM ELECTED OFFICIALS City Council Reports/Announcements/Statements/Future Agenda Items see minutes 9. MEETING OF THE ARCADIA REDEVELOPMENT AGENCY AND CITY COUNCIL ROLL CALL: Agency Members Chang, Kuhn, Ulrich, Young and Lojeski a. Report and Recommendation to approve the Redevelopment Agency Annual Report for FY 1994-95. b. Report and Recommendation to partially repay loan from Redevelopment Agency to City from available funds and re-borrow same to Agency; and extend terms of outstanding Redevelopment debt to the City for Fiscal Year 1995-1996. ADJOURN REDEVELOPMENT AGENCY to January 2, 1996 at 5:30 p.m. All present Annroved'~5-0 Apnroved .5-0 10. CONSENTITEMS a. Report and recommendation for authorization to advertise for bids for the rehabilitation of Chapman Weli. 11. CITY MANAGER a. Report and recommendation regarding Community Center Use Policy. ADJOURN to January 2, 1996 @ 5:30 p.m. Approved 5-0 Un~L,on S- J -2- AGENDA 1 - y _ .:�''C t - ( /s 7-9 ✓eflarr • • E1 #- MEMORANDUM DEVELOPMENT SERVICES DEPARTMENT December 19, 1995 TO: City. Council and Redevelopment Agency FROM: By/ePeter P. Kinnahan, Economic Development Administrator S 'Prepared by: Dale R. Connors, Redevelopment Project Manager RE: Recommendation to Approve the Redevelopment Agency Annual Report (FY1994-95) SUMMARY: California Redevelopment Law (Health and Safety Code §33080) requires that all redevelopment agencies file an annual fiscal and housing activity report with the Legislative Body (City Council), the State of California Department of Housing and Community ,Development (HCD) and State Controller within 6 months of the end of the fiscal year.. The attached report was prepared to satisfy this requirement. Since this document is to report on Agency status for Fiscal Year 1994-95, the information provided within it represents Agency activities as they existed as of June 30, 1995. The Annual Report is divided into nine sections as follows: I. INTRODUCTION II. CENTRAL REDEVELOPMENT PROJECT AREA III. COMPARISON OF AGENCY GOALS AND OBJECTIVES (FY 1994-95) IV. WORK PROGRAM FOR THE COMING YEAR (FY 1.995-96) V. HOUSING SET ASIDE • VI. RESIDENTIAL DISPLACEMENT, CONSTRUCTION AND REHABILITATION DATA VII. LEGISLATIVE RECOMMENDATIONS VIII. FISCAL STATEMENT IV. FINANCIAL AUDIT LASER IMAGE!' Redevelopment Agency Annual Report December 19, 1995 Page 2 A final copy of this report will be submitted to HCD and the State Controller by December 31, 1995. FISCAL IMPACT: None RECOMMENDATION: Redevelopment Agency: That the Arcadia Redevelopment Agency present the FY 1994-95 Annual Report to the Arcadia City Council for approval and authorization to transmit it to HCD and State Controller. City Council: That the Arcadia City Council approve the FY 1994-95 Annual Report and direct staff to transmit it to HCD and the State Controller. • Attachments: Arcadia Redevelopment Agency Annual Report Approved: u1. (� William R. Kelly, Executive Director/City Manager • • ARCADIA REDEVELOPMENT AGENCY Annual Report to the State Fiscal Year 1994-95 December 19, 1995 TABLE OF CONTENTS I. INTRODUCTION A. The City B. The Arcadia Redevelopment Agency II. CENTRAL REDEVELOPMENT PROJECT AREA III. COMPARISON OF AGENCY GOALS AND OBJECTIVES - FISCAL YEAR 1994-95 IV. WORK PROGRAM FOR THE COMING YEAR V. HOUSING SET ASIDE VI. RESIDENTIAL DISPLACEMENT, CONSTRUCTION AND REHABILITATION DATA VII. LEGISLATIVE RECOMMENDATIONS VIII. FISCAL STATEMENT IX. FINANCIAL REPORT EXHIBITS - A - Regional Location Map B - Central Redevelopment Project Area Map C - FY 1992-93 Redevelopment Opportunity Location Map D - Downtown 2000 Program Map E - Annual Report of Housing Activity (HCD) F - Resolution No. ARA-174 G - Resolution No. ARA-177 H - Annual Report'of Financial'Transactions (Controller) I - Arcadia Redevelopment Agency Financial Statements t INTRODUCTION A. THE CITY The City of Arcadia, with a population of approximately 49,818, is a residential community with an expanding commercial base, located in the San Gabriel Valley region of Los Angeles County (Exhibit A, Regional Location Map). The City was incorporated in 1903 and has a five member City Council which is elected at large. B. THE ARCADIA REDEVELOPMENT AGENCY On December 17, 1968, the Arcadia City Council adopted Ordinance No. 1396, declaring the need for a redevelopment agency and designating itself as the governing body of the Agency. The current Agency and staff members are as follows: Office Occupant Chair Dennis A. Lojeski Chair Protempore Barbara D. Kuhn Board Member Dr. Sheng Chang Board Member Peter Ulrich Board Member Mary B. Young Executive Director William R. Kelly Agency Counsel Michael H. Miller • Agency Secretary June D. Alford Agency Treasurer James S. Dale II. CENTRAL REDEVELOPMENT PROJECT AREA On December 26, 1973, the City Council adopted Ordinance No. 1490 establishing the Central Redevelopment Project. The Central Redevelopment Project area consists of 252 acres of land located in Arcadia's traditional central business district. The land uses within the area are primarily (although not exclusively) commercial, retail and industrial in nature. iI J JINN . . REGIONAL LOCATION MAP aia c , SAN ., FERNANDO 9e^, isr I.270 LA CANADA VAN s., NUYS 'i. I GLENDALE • VEMTIRA .. FREEwAv * 0O F � t` 1 7 PASADENA ARCADIA �� FREEWAY 1-21,2,..—.. HOLLYWOOD 1 F g- COVMIA , !+,r BERNAA0,40 ?: cT,EEwo 96 BEVERLY HILLS I.1Q 4.10 ,c.,01. F , f tItc CULVER CITY o ANGELES a S� 84t/0 INDUSTRY e' ,t r BELL tea' ,Iv WHITTIER Q W 3 V COUNTY Of i• ANGELES l MARINA W �COiaetr of one \\ DEL RAY Y HAW THORNE g " is, ' BREA \\ ! i iJ 3 Y INOA MANHATTAN r3 _ ARTEsIA FREEw.4r , W BEACH y CARSON i` ��1 LAKEWOOD W , REDONOO TORRANCE i' - • BEACH GARDEN I ': PALOS pertTi, COAST ►+GkeNAr GROVE FREE way VEROES LONG c.�q E •S . fib' BEACH 4`N u . 0 MILLS 44.-i �3. .-.I ~4, SANTA J L.,___ _ �. SEAL \` @� J. BEACH .. �,@r • � :.• Ek4r • ` PACIFIC OCEAN � _■ NORTH No Scale ( ( 1 Exhibit A • , I Pursuant to changes in Redevelopment Law (AB1290) the Central Redevelopment Project now has an estimated completion date of January 25, 2014. The total amount of tax increment dollars which may be divided and allocated to the Agency pursuant to the Plan is two hundred million dollars ($200,000,000). The Agency has received approximately $20,000,000 cumulatively to date. The Project Area is depicted in Exhibit B III. COMPARISON OF AGENCY GOALS AND OBJECTIVES - FISCAL YEAR 1994-95 A number of redevelopment opportunities were identified in last year's Annual Report which were pursued by the Agency during the reporting period subject to this report. They are described below and are depicted on Exhibits C and D: A. The Northside Project (Santa Clara and Second) Two properties within the Northside Project site are subject to a November 17, 1987 DDA which required construction of office buildings. Due to the poor regional economy and locally overbuilt office market, they remain • . undeveloped. The properties are owned by Emkay Development Company (Parcel E) and Western Security Bank (Parcel D). The Agency initiated discussions with Emkay on the new "Fifth Avenue Project" (See "E" below) which would combine their property with others to the south in the City of Arcadia as well as two properties in the City of Monrovia immediately to the east (south of the Foothill Freeway). If an agreement can be reached with Emkay, a developer and the City of Monrovia Redevelopment Agency on this project, Emkay will be relieved of its development obligation per the 1987 DDA , While both Western Security Bank and Emkay have to date failed to develop Parcels D and E respectively as envisioned in the November, 1987 Northside Project DDA as amended, they remain bound by the terms and conditions of that document and amendments. The Agency will continue to work with them (and adjacent owners as necessary) to complete the Northside Project or the Fifth Avenue Project B. Southwest Corner Project (Huntington and Second) At the outset of the fiscal year the Agency initiated negotiations with T-Bird Restaurants for the development of an Outback Steakhouse Restaurant. Negotiations concluded with the approval of a D.D.A. on June 20, 1995 requiring Arcadia Steakhouse L.P. to construct and operate a 6,930 Sq. Ft. Outback Steakhouse on the site. The Agency is leasing the land to Arcadia • .._ _ ors , CENTRAL REDEVELOPMENT PROJECT AREA ��lift 0% PF F• of mi•HD 11.1110 RHO �La% , . • • •• ■ ' fr•cG RLD •Ir•0� , RHD C RHO RHD I�♦ 1 r�llasss C•1•rad• •1vd,� %ft 1 - --- 1 `pi . RHD 1�c RHD♦♦1 1 'G 1 1_ l l 1 La Poi t• -- St. I > CO • 1 1 I CG/1 Q ,•4 l r _1 l 1 j�♦ •' * — O ,, ICG/I Sal t J4•�� PO�e.` � I F I �•• l _ V� ,♦t.L • ®�' •a a Sart-� Clara Si. ---1s--- — _4 ■ .- CG ll r G • iii■ \ma� 1 C G C G I C G •� LO oe ♦, 11.++ — L C G_ m L_ CG . — ~— Maullaal•a arlv• -_-.--__ -, LRHD ICJ (CGI R H D `I U CG Ali.' ii. Tf �, PD ;• • LEGEND �� • tr' jae� flH0 Resldenliol High Densily I Induslrtol �• RLD Residential Low Densily PF Public Focilltle s ct CO Commercial 011ice Pt) Planned Development NORTH w c,, t,,:,.-, i`Itrt. CG Cuuunerclol General MI OM I'rojecl Area Boundary No Scala • FY 1993-94 REDEVELOPMENT OPPORTUNITY LOCATION MAP . Theater Project RPM . .....au+ Southwest Corner Project I . ' az • 5`:, ' •S P—```` u � `o. Northwest Corner Project M� Tt. 4,,,:, Northside Project (Parcels E & D) .HD 0 . e D R ' RLa 1 Fifth Avenue Project cG� L •1`• s i♦ •,7 R H DA RHD.'ND G US ��ss� C.1.. � W it d. • I ' I Anglia L I I . r.r r Si. a CO • I I I cG/I a, ( � I - - _I hoiii‘o, • ICG/ _ . S•1 t �h I I. •• — PD s. C CG/I c CG �4' ( — pr• — — •! s.eti CI.r• 4i. .!4:; • C— I P.P. 1 r '..'44:I JI�n`, ; c C G C G G y� ''I,ti 49 • rkeAttis • •0 — J _ • c td 4" I lip CO46 me t 'i •C� CG CG G '4• _ Sri' F kq ` '4 bm 9, NritlwEt•r. (Drl•• ' . a- L— RHD ICJ IC GI RHD `II u 1 't, CG Alt. Ii S IT� f PD r li a• LEGEND '\a k �!� RHD Residential High Density I Industrial T f•'• RID Residential Low Density P1 Public racllltle s b F'- CO Commercial 011iee PD Planned Development NORTH 't 1986 CG Commercial General ogm Pro�ecl Areo Boundary Ca tuber, 1lffb No Scale fir_ DOWNTOWN 200'0 ME® ( LOCATION MAP 40.1211: ro Ocetda •n••� gy \� 4n. ''w! in ° < ''c"� � . le . °' a c a \ �._ MI! 61 IG J • r - _ Onv' q \ Vc •r Ave.( m • a • Ave 54" ? Aron\ . > Lg. N < pr.f m BLV - 1 I THE -11 z--1 . 4i al < 1 JWAY- c7c� .��}} 1IFr t s ' M � � far. ti P o'�+ CIS - �• -• v . . p•v°J I iJ9 ate.. av-� :�■:FIIll��-s1 e m� n. -0 a �- - e 0i =- .;.••, -�. n� r • . ,_ A tIplrOr1A u r a: pr' y� a "ate 'r• •E••,,•_ R - _ N.■!dl w. _ r. ,.... ,t....-1..timpil, 1 , A` n : 1 1 INTA -- -— -- .,„,-;.:(1,... , .: _.4.,.,‘„,;:emi,ifmiliomr: , \ II �`• 112124W ANITA li ' T �' '': . \ NEE cat. -� ,•► Al AI 'Atr.y d!' COUNrtY. •l�:� PRIM- •�Bonl t '... 111 A1 ,c i "! T ''T • • '1A .• , •na t-ti -,:i..;.•.:::,:,..... . nar f.N. •• -; . •' ippErrii AM• , r GOLF COME -1�fi__� t Soo CCU -0 loo ?y�l� f ,t9a I OE _ EI ,, . ,new*. • Ti. •I V ve ' O. -I .N T�•iitd"'� -'• < H■n Z pl •LIE \� .. '/ A . I vt Vier MIL 1- .""' to:• 3 _ .. at Mafl•. , Boundaries of the Downtown ..... Revitalization Strategy Program ■ Boundaries of the Central 'all' - - :)"•;;- -7: ° Redevelopment Project Area No Scab B Exhibit D ikts ..... • Steakhouse for $45,000 annually for a period of five years at which time they will acquire the site with a $400,000 balloon payment. Since the time period covered in this report ended, Arcadia Steakhouse has completed construction. On November 14, 1995, Outback Steakhouse opened for business to the public. C. Northwest Corner Project (Huntington and Second) The Agency continued to market the site to the development community as an office/retail site. On November 2, 1992, the Agency entered into an exclusive commercial brokerage agreement with Hayes and Company for the purpose of publicizing and marketing the Southwest and Northwest Corner sites to the development community. D. Downtown 2000 (formerly the Downtown Revitalization Strategy and Program) - Formerly known as the Downtown Revitalization Strategy and Program, Downtown 2000 is an expanded and coordinated program of capital improvement and business retention and attraction components. The streetscape component of Downtown 2000 proposes construction of new public improvements on Huntington Drive from Santa Clara Street to Fifth Avenue and on First Avenue from Wheeler Street to California Street, e.g., landscaping, new pedestrian lights, seating areas, entry monuments, revised parking, resurfaced streets, etc. Business incentive programs include a commercial facade rehabilitation program, business attraction program business marketing program, signage program, cooperative parking, special events, land use/zoning/design amendments, public accessway acquisitions, etc. During the course of the•reporting period, construction began on the streetscape portion of the project. Development continues on the balance of the streetscape improvements and is expected to be completed in the spring of 1996. Staff plans to have several components of the business attraction and retention program in place as construction of the streetscape improvements are completed. E. Fifth Avenue Project At the end of Fiscal Year 1993/94, the Agency began discussions concerning the feasibility of jointly developing with the City of Monrovia Redevelopment Agency a project which would span the shared City boundary The project site is approximately 14.5 acres is size (7.95 acres within Arcadia, excluding rights-of-way). An attractive marketing brochure for commercial development was provided to developers who expressed interest at the May, 1994 National I.C.S.C. Conference and was mailed to numerous L.A. area developers. During the reporting period, the Agency began discussions concerning development with The Festival Group. While, these discussions were terminated, another developer (Oak Knoll Group) approached the Agencies (Monrovia and Arcadia) concerning the site. On October 24, 1995 (a period not covered by this report), the Agency entered into an Exclusive Right to Negotiate (ERN) with representative of Oak Knoll and their partners for development of approximately 180,000 square feet of promotional retail uses on this site. During the next reporting period, the developer and staff will pursue development of this site (i.e., extend O.P. opportunities, obtain appraisals, obtain financial analyses, negotiate with property owners, process environmental approvals, develop relocation budgets, refine site concept plans, etc.). F. Theater Project (Foulger Ford) Negotiations with Mr. Vic Georgino were discontinued during the reporting period. Currently, no development plans are being considered for this site, although the owner continues to market the property privately. G. AB 1290 Implementation Plan - On December 20, 1994, the Agency considered and adopted the Five Year Plan as required per AB1290. IV. WORK PROGRAM FOR THE COMING YEAR - FISCAL YEAR 1995-96 General Activities - • Process building permit applications through the Agency's design review process. • Conduct public relations activities with developers and the general public. • Conduct a commercial space availability survey and provide the results of the survey to the public. • • Prepare agendas, meeting set-up, minutes, correspondence, staff reports and other materials for the Parking District Commission. • Seek development proposals for approved projects and "opportunity" • • projects. Project Specific Activities - • Northside Project (Santa Clara and Second) The Agency will continue to work with the property owners in the area concerning the feasibility of developing Parcels D and E (Western Security Bank and Emkay respectively). • Northwest Corner Project (Second/Huntington) Since the close of the fiscal year (a period not covered by this report), the Agency has begun negotiations with Courtyard by Marriott concerning possible construction of a hotel on this site. The Agency will continue to negotiate with Marriott and market the site to the development community as an office/retail/hotel and residential site. • Downtown 2000 The Redevelopment Agency and City of Arcadia will 1 ) complete the Downtown 2000 Streetscape Project, and 2) implement the zoning/design and Business Incentive components of the program during the coming fiscal year. • Fifth Avenue Project Since the close of the fiscal year (a period not covered by this report), both the Arcadia and Monrovia Redevelopment Agency's have begun negotiations on this project with a development group concerning construction of approximately 180,000 square feet of promotional retail uses. Negotiations will continue and necessary studies and entitlements will be processed during the next reporting period. • Catellus Property Acquisition Agency staff will initiate acquisition of the Catellus Property during the next reporting period. The Agency and City have expressed and interest in assembling a site for future use as a commuter rail station. This site is located generally at the intersection of First Avenue and La Porte Street • immediately adjacent to the future Metropolitan Transit Authority commuter line. V. HOUSING SET ASIDE Detailed figures on housing set aside funds collected by the Agency and their expenditure are available in the 1994-95 Annual Report of Housing Activity (Exhibit E). On July 5, 1994, the Agency adopted Resolution No. ARA-174 (Exhibit F) declaring that it is unable to set aside 20% or less of its FY1994-95 tax increment for low/moderate income housing due to existing Agency obligations, programs, projects and activities. On July 11 , 1995, the Agency adopted Resolution No. ARA-177 (Exhibit G) declaring that it is unable to set aside 20% or less of its FY1995-96 tax increment for low/moderate income housing due to existing Agency obligations, programs, projects and activities. Notwithstanding the above resolutions, the Agency's FY 1994-95 housing set aside obligation was $456,924. The total balance owed to the Low and Moderate Income Housing Set-Aside Fund as of June 30, 1995 is $3,611,388. VI. RESIDENTIAL DISPLACEMENT, CONSTRUCTION AND REHABILITATION DATA During the reporting period covered in this report, the Agency undertook no activities affecting residential uses. Neither construction nor clearance activities were pursued. The Agency is currently working on its Fifth Avenue Project which, if ultimately developed, would result in the relocation of approximately 19 households. The Agency will relocate eligible households pursuant to the Law and, depending upon when the housing units are cleared, may be required to build replacement housing. VII. LEGISLATIVE RECOMMENDATIONS That redevelopment agency funds not be used to balance the State budget. • _ 1 VIII. FISCAL STATEMENT The following reports are included herein as exhibits: Exhibit E - Housing Activity Report to HCD • • Exhibit H - Annual Report of Financial Transactions IX. FINANCIAL AUDIT The Agency's annual audit conducted by Lance, Soil and Lunghard as well as the Compliance Audit Letter is included here as Exhibit I. • • • ANNUAL REPORT OF HOUSING ACTIVITY OF COMMUNITY REDEVELOPMENT AGENCIES FOR FISCAL YEAR ENDED 6 / 30 / 95 Agency Name and Address: County of Jurisdiction: Arcadia Redevelopment Agency Los Angeles 240 W. Huntington Drive Arcadia CA 91007 Pursuant to Health and Safety Code Section 33080.1, redevelopment agencies must report-annually on their housing activities and Low & Moderate Income Housing Fund balances, and pursuant to Section 33080.3 file a copy of this report with the Department of Housing and Community Development (HCD). Section 33080.6 requires HCD to compile and publish annually a report of redevelopment agencies' housing activities. Please answer each of the following questions in order to determine which HCD Schedules your agency must prepare to provide a complete report of housing activity and fund balances for the reporting period. 1. How many adopted project areas did the agency have during the reporting period? 0 If one or more, prepare and submit a separate copy of SCHEDULE HCD-A for each adopted project area. If none, do not submit Schedule HCD-A. 2. Did the agency conduct any housing activity outside of adopted redevelopment project areas? Yes. Prepare and submit one copy of SCHEDULE HCD-B for the agency. X No. Do not submit Schedule HCD-B. 3. Did the agency have any adopted project areas, and/or any funds in the Low & Moderate Income Housing Fund.' Yes. Prepare and submit one copy of SCHEDULE HCD-C for the agency. — X No. Do not submit Schedule HCD-C. To the best of my knowledge the representations made in the above statement and the disclosures contained In ne HCD schedule(s) submitted herewith are true and correct. Date Signature of Authorized Agency Representatr.e Title • Telephone number • J Cover 94/95 '1 4: 1 of 1 Exhibit E • • SCHEDULE HCD-A • Project Area Activity for Fiscal Year Ended 6 / 30 / 95 Agency Name: Arcadia Redevelopment Agency Project Area Name: Central Preparer's Name, Title: Preparer's Telephone No: General Information 1. a. Year project area adopted: 1973 b.• If project area name has changed, give previous name(s) or number: N/A c. Year(s) project areas merged: N/A Project areas merged: d. Year(s) real property was added or removed: N/A 2. Project areas adopted, or portions added thereto, after 1975, are subject to affordable housing production requirements (and implementation plans pursuant to Sections 33413(b)(4) and 33490). In addition,the agency may, by resolution. elect to make the project area, or portions thereof adopted•prior to 1976, subject to Section 33413. Check here if this area or any portion thereof , is subject to the affordable housing production and planning requirements. Tax Increment Set-asides • 3. Percentage of project's gross tax increments set aside-for housing and deposited in the Housing Fund: (Show exact %.) "� 4. a. If set-aside is less than 20% of the total gross tax increments, indicate the reason(s). Check the appropriate Health and Safety Code Section designation(s): Section 33334.2(a)(1): No need in community to increase/improve supply of low/moderate-income housing. Section 33334.2(a)(2): Less than 20% set-aside is sufficient to meet the need. Section 33334.2(a)(3): Community is making substantial effort equivalent in value to 20% set-.aside and has specific contractual obligations incurred prior to May 1, 1991 requiring continued use of this funding. X Section 33334.6(d): Project was adopted prior to 1977 and tax increments are needed to meet existing :lebts. X Section 33334.6(e): Project was adopted prior to 1977 and tax increments are needed for timely ,_‘)mp;ruon of projects to which agency was committed prior to 1986.) Other: Specify code section, reasons: • b. When were the necessary findings adopted? (Show month/day/year.) 7 '45 Please attach copies of any findings adopted for this reporting period pursuant to Section 33334.2. if <()u ha%e not previously submitted them to the Department. Is the local housing element in compliance with State law • - 5. If the agency is exempting pursuant to Section 33334.2(a)(1), (2) or (3), identify the amount by which the set-aside was reduced during the fiscal year: S 94/95 'I'.- : .)(7 • • Arcadia Redevelur«�ent Agency Central • Agency Name: Project Area Name: • • 6. a. A deferred set-aside pursuant to Section 33334.6(d) or (e) constitutes an indebtedness to the Housing Fund equal to the amount of the set-aside being deferred. Summarize the amount(s) of set-aside deferred during this fiscal year and cumulatively: • Fiscal Amount Deferred Amount of Prior Cumulative Amount Year During FY FY Deferrals Deferred (Less Any ' Repaid During FY Amount Repaid) 93/94 s S • s 3, 154,464 94/95 S 456,924 S S 3,611,388 If the FY 93/94 cumulative deferral shown here differs from what was reported on the last HCD report, indicate the amount of and the reason for the difference: b. Is the cumulative amount of indebtedness included in the agency's Housing Fund ending balance (Schedule HCD-C)? Yes No X c. 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 X No d. If yes, by what date is the deficit to be eliminated? 1 / 25, 24 e. If any amount of tax increment are exempted under "other" in 4.a., provide the amount (S ) and whether it was permanent ( ) or deferred (_). 7. Report all actual (not deferred) revenues from this project area added to the agency's Housing Fund this fiscal year. Any income related to agency-assisted housing located outside the project area(s) should be reported as "Other Revenues" (item 7e, below) if this project area is named as beneficiary in the authorizing resolution. a. Tax Increments: S - b. Debt Proceeds (include bond proceeds): S 0 c. Interest: S 0 d. Deferral Repayments: S 0 e. Other Revenues (e.g., loan repayments, rental income, transfers in, property sales, etc.); specify: S 0 f. Total Housing Fund Deposits for this Project Area (a+b+c+d+e): S 0 If item 3, above, indicates the agency is setting aside tax increments but less than 20% is entered in item 7a, above, indicate the reason for that inconsistency: Project has not yet generated tax increments. Tax increments are used to pay debt service on debt proceeds added to Housing Fund. Other (explain): HCD-.A 94195 Page Z of • • Agency Name: Arcadia Redevelopment Agency Project Area Name: Central • Housing Units Lost and Households Displaced 8. Pursuant to Sections 33080.4(a)(1) and (a)(3), report the number of dwelling units and bedrooms destroyed or removed from this project area as a result of redevelopment activities; the number of those units or bedrooms the agency is not required to replace; and the income category and type of households displaced from the project area during the fiscal year. Household Income Households Households Total No. Lost Number Lost Not and Type Displaced Displaced (Removed or Required to be by Income by Type Destroyed) Replaced Units / Bedrooms Units / Bedrooms Very Low 0 0 / 0 / Elderly Family (non-elderly) Other (not E or F) -Low c1 n / n / Elderly Family (non-elderly) Other (not E or F) - Moderate 0 0 / 0 Elderly Family (non-elderly) - . Other (not E or F) _ Above Moderate 0 0 / n / • Elderly Family (non-elderly) Other (not E or F) *Destroyed units which were vacant but reasonably would be expected to be occupied by low or moderate income households should be replaced. 9. As required in Section 33080.4(a)(2), estimate the type and number of households, by income category, to be displaced from this project area during the next reporting period (the current fiscal year): Income Level Total Households Subtotal Elderly Subtotal Other Households Households Very Low 0 Low 0 Moderate 0 Above Moderate 0 10. Sections'33413(d) and 33413.5 specify that project areas adopted after 1975 or amended to add areas after 1975 are required to adopt replacement housing plans at least 30 days prior to entering certain agreements affecting properties from which low- and moderate-income dwelling units will be removed. Other project areas may adopt such plans. If the agency has adopted a replacement housing plan for this project area, report the date it was adopted: HCD•.A 94/95 Page 3 of 7 Agency Name: Arcadia Redevelopment Agency Project Area Name: Central Current Housing Activity • 11. Pursuant to Sections 33080.4(a)(4),report all newly constructed and substantially rehabilitated units developed or assisted by the agency during the reporting period in the project area, which have occupancy restrictions pursuant to Section 33413(c). Also report any multifamily units for which the agency purchased or otherwise acquired long-term affordability covenants pursuant to Section 33413(b)(2)(B). Report only those units for which the acquisition or work was completed during the reporting period. Do not report the same units in more than one column. Information on assisted units located outside the project area, but that benefit the project area, should be reported in Schedule HCD-B. Household Income Built with Substantially Affordability and Type Agency Rehabbed w/ Covenants Assistance Agency Acquired by Assistance Agency _ Total Very Low 0 0 0 Subtotal Elderly Subtotal Other Total Low 0 0 0 Subtotal Elderly Subtotal Other Total Moderate 0 0 0 Subtotal Elderly - • Subtotal Other • 12. Indicate how many of the units listed in item 11 are replacements for units previously removed through redevelopment activities, as required in Section 33080.4(a)(4): Household_Income Built with Substantially and Type Agency Rehabbed w/ . Assistance Agency • Assistance * - Total Very Low 0 Subtotal Elderly Subtotal Other Total Low 0 0 Subtotal Elderly Subtotal Other Total Moderate 0 0 Subtotal Elderly Subtotal Other * Only rehabilitated units that were previously uninhabitable may be used to satisfy the replacement housing requirements of Section 33413(a). HCD-A 94/95 Page 4 of 7 • • Agency Name: Arcadia Redevelopment Agency project Area Name: Central • 13. Pursuant to Sections 33080.4(a)(5), report all newly constructed and substantially rehabilitated units developed in the project area during the reporting period by persons other than the agency, and have occupancy restrictions pursuant to Section 33413(c). Report only those units for which the work was completed during the reporting period. Household Income Units Units and Type Constructed Substantially Rehabilitated Total Very Low 0 0 Subtotal Elderly Subtotal Other Total Low 0 0 . Subtotal Elderly Subtotal Other Total Moderate _ 0 Subtotal Elderly Subtotal Other 14. Pursuant to Section 33080.4(a)(4), report all newly constructed and substantially rehabilitated units developed or assisted bvthe agency in the project area during the reporting period, which have occupancy restrictions pursuant to Section 33334.3(f) and thus are not reported in item 11, above. Household Income Built with Substantially • and Type Agency Rehabbed w/ Assistance Agency Assistance Total Very Low 0 0 Subtotal Elderly _ - Subtotal Other Total Low 0 0 Subtotal Elderly Subtotal Other Total Moderate 0 0 Subtotal Elderly Subtotal Other HCJ-.A 94N5 Page 5 of 7 Agency Name: Arcadia Redevelopment Agency Project Area Name: Central . • • 15. Pursuant to Section 33080.4(a)(4), report by income level all other units or households assisted in the project area during the reporting period,which have occupancy restrictions. Do not report the same units or households in more than one column. Household Units Units Rehabbed Households Households Other Income Maintained or (minor or Receiving Rental Received Home- Households Preserved moderate) Assistance or ownership Assisted Subsidies Assistance (Specify) Total Very Low 0 0 0 0 0 Total Low 0 0 0 0 0•Total Moderate 0 (l (l 0 0 Total'Above 0 0 0 0 0 • 16. Pursuant to Section 33080.4(a)(10), report the number of units to be constructed in the project area,within the next two • years, pursuant to an executed contract or agreement. Also include the estimated completion dates of the units. Do not report any units shown in items 11 or 14, above. Name of Contract or Agreement Execution Est. Date of Numbers,of Units to be Built Date Completion Total Very Low Low Mod Other N/A • 17. Pursuant to Sections 33080.4(a)(7) and 33418, provide an inventory of all housing projects or units to the pr:•ICLt area which have occupancy or affordability restrictions imposed by agreements or recorded conditions,covenants. r 'r,;r:Lt tons. Use the form on page 7 to report any additions or corrections to the previous year's inventory. None. :) 94/95 , If 7 SCHEDULE HCD-C Agency-wide Activity for Fiscal Year Ended 6 / 30 / 95 • Agency Name: Arcadia Redevel opm n gencv Preparer's Name, Title: Dale Connors, Project Manager Preparer's Telephone No: (818) 574-5409 Low & Moderate Income Housing Funds Report on the "status and use of the agency's Low and Moderate Income Housing Fund," including information developed to comply with Sections 33080.4(a)(6) and (a)(8). Information reported. here should be based on that reported to the State Controller. 1. Beginning Balance: S 0 If Beginning Balance is not the same as the Total Ending Balance reported for the last fiscal year, indicate the amount of, and reason(s) for, the difference: 2. Total Revenues, Other Income and Transfers In: a. Total deposits from project areas: S 0 (Sum of amount(s) from line 7f on Schedule HCD-A(s)) _ - b. Other revenues not reported on Schedule HCD-A(s): S (Specify: ) c. Operating transfers in (specify: ) S 3. Total Expenditures and Transfers Out: a. Total expenditures: (S 0 1) Subtotal for onsite/offsite improvements: S 2) Subtotal for planning & admin. costs: S • 3) Subtotal for land acquisition: S 4) Subtotal for new housing construction: S 5) Subtotal for housing rehabilitation: S 6) Subtotal for affordability covenant acquisition: S 7) Subtotal for rental/ownership subsidies: S 8) Subtotal for debt service (Specify ): S 9) Other (Specify ): S b. Other transfers out (including to other housing agencies; specify: ): (S 4. Total Ending Balance (1+2a+2b+2c-3a-3b): S 0 a. Amount of line 4 encumbered pursuant to written agreements or contracts: (S b. Amount of line 4 representing value of land purchased with housing funds and/or held for development of affordable housing: (S c. Amotint of line 4 representing indebtedness for setasides deferred (Sec. 33334.6): (S d. Amount of line 4 representing loans receivable for housing activities: (5 e. Amount of line 4 representing ERAF loans (all years) receivable (Sec. 33681): (5 f. Other encumbered funds included in line 4 (specify ): (S 5. Unencumbered balance (4 minus 4a - 4f): S 0 C 94/95 ; ors • Agency Name: Arcadia, ievelopment Agency - • Excess Surplus N/A • 6. a. Pursuant to Section 33080.7, report any excess surplus funds (as defined in Section 33334.12). An excess surplus exists for a fiscal year if the unencumbered balance in the Housing Fund at year end exceeds the greater of S1,000,000 or the aggregate amount of tax increments deposited into the Fund during the preceding four fiscal years. "Encumbering"means committing funds pursuant to a legally enforceable contract or agreement for expenditure for authorized redevelopment housing activities. In accordance with Section 33334.12(g)(3)(A) and (B), the unencumbered balance may be adjusted to account for revenue added from bond proceeds or the difference between the sales price of land for affordable housing and its fair market value. Agencies should track each fiscal year's excess surplus, if any, separately. Fill in the following table to calculate and track your agency's excess surplus amounts for each fiscal year beginning with 93/94. Fiscal Total Tax Sum of Tax Increments Unencumbered Excess Surplus Amount Expended Remaining Excess Year • Increments in Housing Fund from Balance in Housing and Encumbered Surplus. for each Deposited in Previous Four FYs Fund at End of " against Excess FY. as of 6130/95 Housing Fund FY' Surplus,for each FY,as of 630/95 90-91 S 91-92 S 92-93 S 93-94 S S S S S S • 94-95 * Unencumbered balance for FY 94-95 should equal item 5 on previous page unless adjustments are made per 6.b.. below. b. Did you adjust the unencumbered balance for bond proceeds? Yes No Not Applicable or land sales? Yes No Not Applicable If yes, please describe the amounts and methodology of the adjustments: • c. If you reported an excess surplus for the reporting fiscal year, briefly summarize the agency's plan (authorized to Section 33334.10) for encumbering or expending that amount: d. If plan described'in 6:c was adopted, give adoption date: / / Misc. Uses of Funds • 7. Pursuant to Section 33080.4(a)(6), report the total number of very low-, low-, and moderate-income households directly benefitted by expenditures for onsite/offsite improvements. (If line 3.a.1 of this schedule shows no expenditures for improvements, no units should be reported here.) 94/95 HCD-C Page 2 of 5 Arcadia Re ''-,elo-pment Agency Agency Name: 8. If the agency is holding land for future housing development(such as reported on item 4.b),summarize here the sites held, including acreage,date of purchase, zoning, and anticipated start date for the housing development. Site Name/Location' No. of Acres Zoning Purchase Date Est. Date Comments Available N/A * Please attach a separate sheet of paper listing any additional sites not reported above. 9. Section 33334.13 requires agencies which have used the Housing Fund 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 X b. Has the agency complied with requirements in Section 33334.13(b) related to assistance for very low-income households equal to twice that provided for above moderate-income households? Yes _ No _ Not Applicable K 10. Section 50835(b) requires agencies to report the use of Housing Fund funds and non-housing funds for federal HOME or HOPE program support. Has this agency used any funds in this reporting period for this purpose? Yes _ No _ Not Applicable g Housing Fund funds used: HOME S HOPE S Non-housing funds used: HOME S HOPE S 11. a. Did the agency borrow from the Housing Fund to make its FY 94/95 transfer to the Educational Revenue Assessment Fund? (If yes, amount should be included in line 4.e, above.) Yes _No _ Not Applicable v b. If yes, specify the amount borrowed for FY 94/95: S 12. Has the agency completed an affordable housing implementation plan for all project areas adopted or added to after 1975 as required by Section 33490? (AB315) Yes _ No _ Not Applicable_ If yes, give date of adoption: / / 13. Per Section 33080.4(a)(11) attach to this schedule a summary showing the date and amount of all deposits to and withdrawals from the agency's Housing Fund during the reporting period. HCD-C 94/95 Page 3 of 5 Agency Name: Arcadia R velopment Agency Programs N/A 14. Identify your agency's currently active housing programs by checking the line, where applicable, and write in other programs in the spaces provided, as needed. Program Type • Acquisition: Land Housing Other Bldg. Rehab., Owner: - Substantial Major - - Minor Rehab., Rental: Substantial Major Minor New Construction: Owner • Self-Help Owner Rental Apts. 2nd Units SRO's Mobilehome Park Conversions: Ownership Assistance: Downpayments MCC's 2nd Mortgage Renter Assistance: Emergency Household Project Preservation of At-Risk Units: On/Off Site Improvements: • Other:• • HCD-C 94/95 °ige 4 of 5 • • Agency Name: Arcadia Red' ,,lopment Agency _ Achievements N/A 15. Please briefly describe one outstanding project,cooperative or partnership financing or development arrangement,or other innovative practice or program used to increase or improve the affordable housing stock during this reporting period. (If you wish to report more than one, please make and attach additional copies of this page.) Name of Project or Program: Contact Person and Telephone Number: Description(No.of units,resident incomes,type and address of structures,services provided,financing arrangements,etc.): Brief History (successful aspects, unusual features, lessons learned, problems encountered, etc.): Use of Other Redevelopment Funds for Housing • 16. Please briefly describe the use of any non-housing redevelopment funds (i.e., contributions from the other 806', of tax increment revenue) to construct, improve, assist, or preserve housing in the community. • • Resource Needs 17. What additional training,information,authority, or other resources would help your agency more quickly and etlectively use its Housing Funds to increase, improve, and preserve affordable housing? • -CD-C 94/95 ?i 5 of 5 EXHIBIT "F" • 3' Resolution No. ARA-174 (Adopted - July 5, 1994) A RESOLUTION OF THE ARCADIA REDEVELOPMENT AGENCY DECLARING THAT IT IS UNABLE TO SET ASIDE 20% OR LESS OF ITS 1994-95 TAX INCREMENT FOR LOW/MODERATE INCOME HOUSING DUE TO EXISTING OBLIGATIONS, PROGRAMS, PROJECTS AND ACTIVITIES Available for review in the Redevelopment Agency Offices. EXHIBIT "G" Resolution No. ARA-177 (Adopted - July 11 , 1995 A RESOLUTION OF THE ARCADIA REDEVELOPMENT AGENCY DECLARING THAT IT IS UNABLE TO SET ASIDE 20% OR LESS OF ITS 1995-96 TAX INCREMENT FOR LOW/MODERATE INCOME HOUSING DUE TO EXISTING OBLIGATIONS, PROGRAMS, PROJECTS AND ACTIVITIES Available for review in the Redevelopment Agency Offices. • ANNUAL REPORT OF FINANCIAL. 'TRANSACTIONS COVER SHEET TO:STATE CONTROLLER OF COMMUNITY REDEVELOPMENT AGENCIES PAGE I 0 I 0 DIVISION OF ACCOUNTING AND REPORTING STATE USE ONLY FINANCIAL REPORTING BUREAU COUNTY Los Angeles I I I I I I LOCAL GOVERNMENT REPORTING SECTION MAILING ADDRESS (PLEASE AFFIX MAILING LABEL AND CORRECT IF NECESSARY) P.O.BOX 942850 AGENCY NAME SACRAMENTO,CA 94250-5876 ARCADIA REI)EVELOI'M EN'!'AC EN CY STREET ADDRESS OR P.O.BOX P.O. Box 60 EXPRESS MAIL ADDRESS: CITY STATE ZIP CODE 300 CAPITOL MALL, 631 Arcadia Ca. 91006 SACRAMENTO,CA.95814 PHONE EXTENSION PHONE(916)445-5153 . (818) 574-5400 7 STATE USE ONLY LOCATION: (STREET ADDRESS) OF DIFFERENT FROM ABOVE) FISCAL YEAR ENDED BATCH NO Same June 30, 1995 CITY STATE ZIP CODE I)UE WITHIN SIX MONTHS OF THE REVIEWED Same Ca. 91006 AGENCY'S FISCAL YEAR END AGENCY ORGANIZATION GOVERNING BODY MEMBERSHIP CLEARED X REDEVELOPMENT AGENCY(H&S CODE 33100) BOARD OF SUPERVISORS COMMUNITY DEVELOPMENT COMMISSION X CITY COUNCIL OTHER . (I 1&S CODE 34110) MEMBERS OF T'l1E GOVERNING BODY REPORT PREPARED (CONTACT PERSON) PHONE - (CONTACT PERSON) BY: Michael K.Chu (310) 698-6727 CI IAIRPERSON MEMBER STREET ADDRESS Dennis A.Lojeski 7200 S.Greenleaf Ave,Ste 280 MEMBER MEMBER CITY STATE ZIP CODE Sheng Chang Whittier Ca. 90602 MEMBER MEMBER SIGNATURE OF EXECUTIVE DIRECTOR DATE Peter II.Ulrich MEMBER MEMBER NAME TITLE Barbara D.Kuhn William R. Kelly Executive Director MEMBER MEMBER FIRM NAME INDEPENDENT AUDITOR Mary B.Young AGENCY OFFICIALS Lance,Soli&Lunghard EXECUTIVE OFFICER PHONE CONTACT PERSON PHONE - (CONTACT PERSON) William R.Kelly (818) 574-5400 Michael K.Chu (310) 698-6727 . [ii FISCAL OFFICER P1IONE STREET ADDRESS -. James Dale (818) 574-5400 7200 S.Greenleaf Ave,Ste 280 • r• v' SECRETARY PIIONE CITY STATE ZIP CODE rt June D.Alford (818)574-5400 Whittier Ca. 90602 x LGFA 80(REV 7/93) • • • Brandon W Burrows Lance 7200 S. Greenleaf Ave. Donald L Parker SOLI site 60 l K David Whittier, California 90602 D . ghard (310)698-6727 ay.d E Hate (714)447-6727 Retired Fax(310)693-1599 Robert C.Lance - CERTIFIED PUBLIC ACCOUNTANTS '9'°-'99` R;cnard C Soil Fred J.Lungnara.Jr Governing Board Arcadia Redevelopment Agency-- Arcadia, CA 91006 INDEPENDENT AUDITORS' COMPLIANCE AUDIT REPORT We have audited only the following Form No's: Consolidated Report Pages 04 and .05, Project Area Pages 05 and Schedules A-RP and B-RP of the Annual State Controller's Report (LGFA Form 80) of the Arcadia Redevelopment Agency for the fiscal year ended June 30, 1995. This report is the responsibility of the Agency's management. Our responsibility is to express an opinion on certain parts of the report based on our audit of the Agency's financial records. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether.the forms are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the State Controller's Report. An Audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall report form presentation. We believe that our audit provides a reasonable basis for our opinion. The report has been prepared on a form prescribed by the State Controller, Division of Local Government Fiscal Affairs, and therefore includes only that information required to be presented by the form. Accordingly, the accompanying report is not intended to present financial position and results of operations. This report is intended solely for filing with the State Controller and is not intended for any other purposes. • In-.--our opinion, the above noted form numbers of the State Controllers Report which We_.audited,_.contained in Form LGFA 80 of the Arcadia Redevelopment Agency for the-.fiscal year ended June 30, 1995, present fairly, in all material respects, the information shown therein in accordance with the applicable provisions of the Controller's Report including instructions thereto. As indicated in the first paragraph, we do not express any opinion on.the information contained in other forms prepared by the Agency and submitted with the Report. i .- e/tree c;'?:414'4462 November 30, 1995 MEMBER CALIFORNIA SOCIETY OF CERTIF:EC PUBLIC ACCOUNTANTS AMERICAN INSTITUTE OF CEPTIF,EC PUBLIC ACCOUNTANTS ANNUAL REPORT OF FINANCIAL TRANSACTIONS PROJECT AREA OF COMMUNITY REDEVELOPMENT AGENCIES COVER SHEET PROJECT AREA REPORT PAGE 0 1 STATE USE ONLY STATE USE ONLY • PROJECT AREA ID#• PLEASE AFFIX LABEL AND CORRECT IF NECESSARY AGENCY AND PROJECT AREA NAME ARCADIA REDEVELOPMENT AGENCY Central Redevelopment Project Reviewed 'Cleared PLEASE PROVIDE A BRIEF DESCRIPTION OF THE ACTMTIES FOR DATE PROJECT AREA WAS ESTABLISHED - THIS PROJECT AREA DURING THE REPORTING YEAR. (MM-DD-YY) (1) 12-26 -73 MOST RECENT DATE PROJECT AREA WAS AMENDED. (MM-DD-YY) 2 - - MOST RECENT DATE PROJECT AREA WAS MERGED. (MM-DD-YY) 3 - - ESTIMATED COMPLETION DATE (YEAR ONLY) 4 2026 • ESTABLISHED LIMIT FOR BONDED PLEASE SEE SECTION III OF THE ANNUAL REPORT. INDEBTEDNESS(IFAPPLICABLE). HEALTH AND SAFETY CODE SECTION 33334.1. 5 $N/A I ESTABLISHED LIMIT FOR TAX INCREMENT • REVENUES(IF APPLICABLE). • HEALTH AND SAFETY CODE SECTION 33333.2 AND 33333.4. 6 $200000000 - SIZE OF PROJECT AREA IN ACRES. 7 252 - PERCENTAGE OF LAND VACANT AT THE INCEPTION OF THE PROJECT AREA. HEALTH AND SAFETY CODE SECTION 33320.1 (XX.X%) 8 1.00 % PERCENTAGE OF LAND DEVELOPED AT • THE INCEPTION OF THE PROJECT AREA. • HEALTH AND SAFETY CODE SECTION 33320.1 (XX.X%) 9 99.00 % • OBJECTIVES OF THE PROJECT AREA AS SET FORTH IN THE PROJECT 10 R,1,C AREA PLAN. R = Residential (ENTER THE APPROPRIATE CODE(S) I = Industrial IN SEQUENCE AS SHOWN). C = Commercial P = Public 0 = Other oU(SNU) • ANNUAL REPORT OF FINANCIAL TRANSACT IONS OF COMMUNITY REDEVELOPMENT'AGENCIES Page 0 3 AUDIT INFORMATION • • I. WAS THE REPORT PREPARED FROM STATE USE ONLY I A AUDITED FINANCIAL DATA? A.© YES B. n NO AUDIT I • DID YOU SUBMIT A COPY A.© YES B. n NO OPINION 2 OF TILE AUDIT? COMPLIANCE 3 11. INDICATE FINANCIAL AUDIT OPINION A.Q UNQUALIFIED B. QUALIFIED OPINION 4 C.IIII ADVERSE D. DISCLAIMER E. AUDIT INCOMPLETE EXPECTED COMPLETION DATE: IF THE AUDIT OPINION WAS OTHER THAN UNQUALIFIED,STATE BRIEFLY THE REASON GIVEN III. WAS A COMPLIANCE AUDIT PERFORMED IN ACCORDANCE WITH HEALTH&SAFETY V. IF SECTION IV IS OTHER THAN A OR B,STATE BRIEFLY CODE SECTION 33080.1 AND TILE STATE CONTROLLER'S GUIDELINES FOR BELOW THE AREAS OF NON-COMPLIANCE COMPLIANCE AUDITS? ATFACII ADDITIONAL PAGE IF NECESSARY A.© Yes B. n No DID YOU SUBMIT A A.Q YES B. n NO COPY OF THE AUDIT? IV. INDICATE COMPLIANCE AUDIT OPINION A.© UNQUALIFIED B. n POSITIVE/NEGATIVE NO EXCEPTIONS C.n POSITIVE/NEGATIVE D. n QUALIFIED WITH EXCEP'T'IONS • E. ADVERSE F. DISCLAIMER l: n COAtP1.1AN( I•:AUDI I EXPk•:C I I:D COMPLETION DATE INC OMP1J:1 E • LGFA 80(REV 7/93) • • BALANCE SKEET AGENCY NAME ARCADIA REDEVELOPMENT AGENCY PAGE 0 I 4 Fiscal Year Ended June 30,1995 n-k- F-1 FE- pi- FT n--, PT. CAPITAL DEBT 1.0W/MODERATE SPECIAL GENERAL GENERAL ASSETS&OTHER DEBITS PROJECTS SERVICE INCOME HOUSING REVENUQOTIIER LONG-TERM FIXED .11).1‘AL FUNDS FUNDS FUNDS FUNI)S DEBT ASSETS OM Ehlt)HANI)116,1 UNIX) f ......................„:„.:„.„.:. .,...„.........„..........................,... . .....;:.........:::::,-...-...::::::-...„..,....:...,::....,....:....,.,....,.......:......,.,...„. .:.....:........................... ,CASH&impkwr CASH 1.0 $ 3,337,336 $ - $ - $ _ . ..,::.,:.•:::.•....„-.:•::-..•:....:,.::i•.::::::•,.......,•:.:.?,..,....,.....•...,....„....••:........,...:i...:,......t.......::.::.:•..,..........: ........ . . $ 3,337,336 ^-,ir::i...f...........if.,....,?.....ii:::::::::::•,:::::ji:::::::::::::::::::iiii,........:::;::::::::•:.:::::::::::,::*.•;a::..:::..,.:.,..:::,::: CASH Win'FISCAL AGENT 2.0 - 378,240 -- - ... ............ ... -.,..:::•:.:. . .;::::::::::::::::::::::::::. -..,i:::::::;:'::-::: :::::::1-....;:::<:,'::::?::,••• 378,240 ."-—--.....-•.....---......-......•"•••••••• -.•••-•-••••••-•:-.--•-•.:-.:.:.•••:— TAX INCREMENT RECEIVABLE 3.0 . • - 344,800 - _ . .. ...„...„.::.:...:::....:..,:::-..,..„..... .„,.........• ..... .......,............. ...*".s....------".—.""..---.............-. -.....-............—........-----.....................— 344,800 ,.......--.........--........-,•••••••••••••..............-............-.. .......................... ........................,..................................... ACCOUNTS RECEIVABLE 4.0 - - _ - ,..........;.::::::::::::::;::::::::::::::::::::::::::::::::::::::::.:::::::::::::::::::•::.•:.•.::.•...--.:::::::••:::-....:.•...•-.•:.•:.•...•••••...•--...:,•-..;:-..•-:::.:::-.:-..-...,...-•.,::::..•..::....,.....,..,...•....•.......:.::::::...- — ...,.......:..........:.,„....„.„:„:„..........,........................... ................... , ,.. - ACCRUED INTEREST. M . MAr RECEIVABLE 5.0 8,810 16,235 — — .... ... . . .- 25,045 ........................................... .......................,.............................................. LOANSRECEIVABLE 6.0 ....................,..................................................... .................................:....„:„.......„....„....„ - — — ........._...............,........„.................,..,..:,.................................:....„.................................................. CONTRACTS RECEIVABLE 7.0 - - - - LEASE PAYMENTS RECEIVABLE 8.0 - — - — $ -?..,-.......:...-::::-:%.Y.-:....'.....,::,:::f.- UNEARNED FINANCE CHARGE 9.0 - - - - - -••••••••••....•-•-.••••....I....v. • - -••••.•:::•,•-.•.....,••.,•••:•.••::,..,,,••••••:::::••:::::::•••••.• -..::::::,:-.::::••:.•••••••••••:•:•-•••••:*:•:,•••••••••••••:.,...:;.•,.•-::::.::• DUE FROM CAPITAL •:••,:•••••••••::::--,-,::::::••-•'•*---:,::::::::,::::':k..•,....•:-.••.•:: :-.,--:-:>:-....-:-..-.:.::::::::-....:::::::::::?....::::::::::::::::::i..-......:::-. ,....::,....::::::::::::::::....-::::i::::::;:::::.-.-..*:::::.*:i*:*••••:-.-:::::-.-... •-.-.,-:-:,-.......-.:::::::::::::::::-.i-.::::::.:-.]::::::: ::.*...:-..„-.-::::- PROJECTS FUND 10.0 - 1,583 - - .:-..•••:••:::::*::•-•.••:•••.•:•:*..........::::::::::::•-•:: :.:::::•:::;:::::••.::•-•:-.::-.••••••••••••:••.:•::::•••••.:::::•::::,.:,:,..,:•:•-•:,,..:•,•: 1,583 DUEFROM DEBT •••••••••••••••••••,-----..--------...---•••••••..........---.....•••••••••••••••••••••••••.--,.....,.....:.:.:....:.......:.„. ------...--.".."•-"••••-• .."......"--.....-------••••••••••••••--- , SERVICE FUND 11.0 3,236 - 3,611,388 - :: : : .•,:.:.•.:.:.•.:.•••.,:.:.•••••••••,:...:. . .- ...................... ... 3,614,624 .....,................„.„.:......:„::::,,„:„:„.„.........:„„„„„:„..,.....:.. .'...:,'.....:.::„..........::„:„....,......,: DUE FROM LOW/MODERATE "--•::::::::::::•:::::::::::::::::::::••••.::::::::::::::::::::::::::::-.:,-:••:-.,-..:.:-..,.":,...--.:::::-..:::.::::::::--....-.:::i:,.**-...::::......:. INCOME HOUSING FUND 12.0 - - - _ .........::::::::::::::::::::: :::: ..„,....... ..„.•............,....„..:.,.....,......:....„.......... - DUE FROM SPECIAL IIEVENUQOTIIER FUNDS 43.0 • - - - _ :::::••:;••::::••:::::::::::::4R•i•i::::s..:.•;-•:•0::::::::,........:::::::::::::::-...:•:.....:::::,...::::ii•i-.... .:.::::::::::::.:::::,:.:-.,.*:::••••••-...:,• - - • •••••••••••••••"•••••"---""••••••••••••••••••--- •••••-•-•••••••••••••••••••••••••-"--""""""""" • INVESTMENTS 14.0 - - . — - -..-..............-....-...............,................................ ........................,......................„......... :-.....:::-... :.,,,.:.:....:.,....::.... ................................................... OTHER ASSETS 15.0 - - - , INVFSTMENT-LAND ............................................... ...........................................................,....... •-••••••••••-••••••-•,:•:•:•:•:,:•:-.............,•••••.--.•:•:•:-:-..:-:-,-,-:••:--.:-...,......-.-.........,:.............,.........:,• IIELD FOR RESALE 16.0 6,463,479 - - :•••••••••••••••-••••••••••••••••••••:,:•-••••••••••••••-•—•:•:•••••, .•••::•• •••••.•:•.--.......-.....:-........-:. 6,463,479 - ---:-••••••••••••••••••••••—•:=.:.•• . --.....:-...:...::::• ..... ,....,„..„,„....,,..„7 ALLOWANCE FOR DECLINE IN ....,..--:•••••••..:•••••••:-..:-•-•:::::::::•:::::;:::--:-:::::,.-. • VALUE OF LAND HELD FOR RESALE 16.1 — .. . ::i. .........- - FIXED ASSETS: LAND, • STRUCITIRES&IMPROVEMENTS 17.0 - -=:--:-. : . : . $ •••••---"""--•-••••••••• - :::',:::::::,:":',:'::::::‘%:::'::::: ::::';i:Hf:*:::-W:i:::::.:M...*;*:.::::::::.).•w:::: ::::: :-.,,z-..,.,...•:-.•-,,,,. .,:-:,,A,,,,, ,..........:,...:::::........,....f.„.„:...,.:::,...*....:....,:... .:i:...*........:.:i................,.........i..,:.::.:: ..•:-:........i,......:.:..i...„. ..„... ii..‘...,ii..- ..::..ii..:,..... ,.. :.,i..:.::::,..i..:.,::s:•::,• .......... .. ................ .. ................... ...... E IIIPMENT 18.0 :::::::: ::,:,:'•••••:•':':••••••':•••••,::::.',..:,:.1::,::::',:: .-:,-:•.-:::•":'::::",:::::::,:,:::•••,:•;,:•?::::::,::-:,:,,•:;:,-::',...• ••••••••:,:.• ::... •• ',•,---••••--,:?••- •••-•'-....:•'.:......'•:.-..•,..-:. -..•:•••••.,,••••, AMOUNT AVAILABLE IN .-:--.: ' -,."•:',:--:•'". ':."--:•••,•,:•,:::::::,--:::-:,•"•:%:,:•i';•-::::::-:::::" "-"*.•:.• ...:.-..--,.••••:,,,:•,?:::::::-:-....::,..-: . . ...„ , ...-...„..........,:-..,-...:-....:,...........,. .. ... • -. :.-.:-,,......,........ --•-" .. •''''..:••':•.: I)EBT SERVICE FUND 19.0 • , • • . • • ••• • •••••••-....• - .-. • ..• . " .::•::.•::••••::::::::::-.:: - . , •• -•::::.•',.. . • -" -''••••:,',::::%:'...:',-,••• ' AMOUNT TO BE PROVII)ED FOR PAYMENT()F IA)Nt;.TERM DEBT 20.0 - 8,615,214 :, -.•-•.,.:-.....:.:::.:,...,..• 8,615,214 TOTAL ASSETS& OTHER DEBITS • (MUST EQUAL rA(E. LINE 40) 21.0 $ 9 812 861 $ 740 858 $ 3 611 388 $ - $ 8 615,214 $ $ 22 780 321 LGVA NI(IONS/14) , . • 1.Aci 11) 1 4•I • Y • FF. (;ICNERAI. '1'0"l'Al, BALANCE SHEET FIXED A(;ENC'Y NAME ri-3-ARCADIA REDEVELOPsMpEENIAIT,AriiGE_NC GENERAL • •.' M FAT LOW/MODERATE Fiscal Year Ended June 30,1995 DEirr CAPITAL SERVICE l'ROJECIS FUNDS FUNDS .,'..::,•:„.Y.:.' -,-.."••''''' LIABILITIES&OTHER CREDITS $ INCOME ;EVEN UE70_111ER „..IONG LONG-TERM _ 34,845 $ $ ••••••• ........:...:......•„.......... :--::<: ::::::...,.. ........ .............:-.......,..„.„.::„..„ .:„....,.......„.•,.. 22.0 $ $(ntEA1011AND3114M804N.51.1) - .'' '''''''''-:::'' ' ' '-. -• ACCOUNTS PAYABLE - - 23.0 ......„....„•,..„::::::::::„.:.,..........:„.•• ,.,.. ••.•• . ..,..„..,.:....... FUNDS" .......„....„.„„„DE:::::.:.:::•:::::-::::::...:::::,...:... A.S.S71.::S......."'.................. - ..„.::::::„.„..........:•...:*i::::.:*:„...„:,...*:...iff:i.‘....&.::::•:::,::.:::..: -...-••• ' • ,, ,,:.. : , ':.'.:.. ....• ..:....... INTEREST PAYABLE - , ::::::......::::.......,:,........• ••„....,.. .. .-- - - •' ••••-•'''',..:•:,..:,—•:::;':.::::.:.:,::::.„:.„ TAX ANTICIPATION 24.0. ' - ' "...........:.:.,......:::::::::::„.„.,.„...„......:„...... .:.,..,.....:.„.... - , - ,..,......::::::::::•,..:.:,..„::::::::::::.,,,.......::.:.:::::::::::::::::: ....,.. . , .. ...........::..::.......,..„,..::„.„..........„.........,.:.: •••,-.•.:,••.• • NOTES PAYABLE • - .....,.....:.::::...,...f.,..ff....::...*:,........ .. • ,,••„.„.,,,,,..„:::::::,:.-.... - . .,„,.....:..................,,...„,...........„..„.„,„,......:„:.......„.„:::::„..,,....... 25.0 . ..... „.,.....„:::::::::..:.::::::,:::.....,:::::„:.::: ):::::::•••,..„•••,'•-.-.... 3,236 - ...,.........:....„:::::::::.:...„.:..:....-..:.:.,....:-......„.:.i.„,...•...„ .:.:...:.:.,.....-.... • •• ..:...... - LOANS PAYABLE - •:::::-.::::::,:i:::::;:$::::: :„'.:',..,::::,,::•,::.*:.:..... :::::•,....:.:::::,,,,::::::::::::::::::::,.:::::::-::•,:::::,„;:iii:?..:.,: 26.0 - 1,583 • - - on IER LIABILITIES 3,236 .,,:::::::::::;:••••;::::::;::*.::::::::;:::::•:::.::.:::::i,•,:m......:::, . .• .......„.„,...„.„,...„.„:„..,.::„:•:,:: - 3,611,388 DUE TO CAPITAL 27.0 - •••................,,..::::::::::::::::::.•••:.::::::::.::::::::,:: .„:::•::::::,,,...„,:.......f.:,.......,...••••••-• ,::::;::::::.:::::::::::::::::::::::.:::::::::•„:„.„.„,;::„„.„„:„„„... ......„:::„:„...,.........,... PROJECTS FUND - 1,583 DUE TO DEBT 28.0 - SERVICE FUND 3,611,388 • .:.,...:::::-.....:::::: ::::::,.-.:-- ..••••••••....................„....„,:„::::... - 3,465,000 29.0 DUE TO LOW/MODERATE - INCOME HOUSING FUND _ ......••••••••.„.:.:....:.:.:....:......:::,:f.:, _ 30 0 ...:.:.,.................... .. DUE TO SPECIAL R EVENUE/OTIIER FUND .'''''''"--'*"- -,••-'...-•*-:-•• ••••...••••.„-,.........„..,......,...,....::::....,..• 5,150,214 _ TAX ALLOCATION ......„.„„::::,....:..„,....... ....................................................,.............................................,...........................• .. ,.., ...................32.0 ...............................••••••••••........................... ........•••........ . ,.... .....,................• BONDS PAYABLE ••••'-••'•-•-•%•-•'-•-•'-••••-:••••••-•-••••• -....-.......•••• . ................................ ................................................ ......................• . ••••••••••........................... ........................•................. .•••................ • ,- ••••........................................... 66 _ ' E REVENUE BONDS/CERTIFI- CATES :::,:::,::...:..i.-..:•::•....',:::::;-:;.::::::::::::..: :•'• 5,150,214 ........„•,::.:':::::,,..::•••••_:,..,:.::.........,.H........., , .............. - cLEASATIS OF PARTICIPATION PAYABLE - $ OTHER LONG-TERM DEBT $ TOTAL LIABILITIES 36,428 . ... . . ... &OTHER CREDI'TS - •••..........:....:.::::::::::::::::::::::::::::::::::::::::::::::.:...............'.:''.:'. ' .::::'... .... ..... '...-:..... . 1.... 66,.:, -:::::.i:ii'iii:::::::::::1::::,..ii::::::::.::::::::::::::::::::::•0:Niii:::. *:::i.:::::.:::::ft: E.:::::.::::::::::::::::::::a'..:::•<:::::':;:ii.::::::::::.:::::::::::i:':::::::::ii'::"..e.::::?:ii.::::::::.:',:::::::::::::::::::::::::::::::::::::::::::::::::::::::::;:•;:::: ::...•:,....-; .;:f.,,....,,,,,,,,,.........,•,,...........;.......„....,::::::,:....,... *:::::,ii:i,„...,...::.iii „.., ..,,:...: 8 615,214 .. $ - • .• •• .... ............ ... ... ..,.... ..• .... ........ ........................................... EQUITIES .. . • .. . • .. .. ,... ... ••• ... „ .. .. .... •• ••• .. .. .•• ... .... .... ... .. .. ... .• .. .• .. ... ... ••• •••• ... .................. ................................................. ....................„.„,..:............„.. .„,.......„.....„........„.......................:.„............ $ _ ...........,.....„.............,.......................• . . . ..• ..."..17. :..„::......;................:.:.i..............•.....i......:........:..1..1.'•:.•:.. ...::........:...:.:...:"..:...:•.,..:..::..:.......:.,.•i:....',...•.:ii:i.:-..,......•.:.."•....,•.:,:i•......:i'..,•-:::•..-1,...:,.......•.:.:•:•::"..•••••••:'........•:...:'.....,•..:•...........::•....:...!.......••••••••,..•.....:,.....•...:•'.••:....••••••.•',•...•.•...•.....,.:,. ••••.............•...'..'.,.....,.....,........,•:•...:.•.,•,......;........::......,...•:::.;.•....-.,......:•:.:,:•..,.. 14,347391,,862239 , ...,.....- .. .. ...,...••„:::„.:.:.....•.:.:.,.....: INV ENT IN GENERAL 35.0 ''.!.••:Eiiliii:i:**:::;•:............ .. __ ••••... ..:.:•.......:.:•..:. ••. ,.. ••,.::•„..,......".••.,.....• •' " — " — •• . - FIXED ASSETS - •.....................,.......................... ........:,.:.::,........,:...:..... .. .. - ••-......'". :::::::.%..."•' '..'..:•:::•:,•::::,,..:-, . • .. . : ...•.:•:,:.. : • FUND BALANCE - • ...••••••-•,•:':-.....'•'-',.•.• . : • .•,:.,....:.*. . • .. ................ .• ...:., • ,. . -..:,.............,........,...:.. ..,:.: ..,.. . RESERVED 36.0 $ 10,820,241 $ 379,823 ......,......::•••.,...„..:.::..::.: -. ... ..„:,.,:... . ...: . ..... , . - $ 3,611,388 FUND BALANCE 37.0 $ -..:::::::.,•....::i•::::::..•-•:. .• .•.••••• ,..;': (3,253,589) .,:....:,..::.:,...,..;,:...::...,..::•.:: ..i'...:.:..' -. $ UNRESERVED-DESIGNATED 11 043 808) - _ FUND BALANCE ATED 38.0 ‘- ' $ 3 611 388 $ $ IIINRESERVED-UNI)ESIGN $ 2 873 766 $ 39.0 $ 9 776 433 TOTAL EQUITIES ' $ (AtILIST EQUAL rActr.os2 LioNe 5.1) , • A . . 40.0 $ cRie.Di.rs &EQUI'FIES 9,812,861 $ 740,858 $ 3,611,388 . 21(420',275981704,303925751) LGFA 110(REV S/N) • - $ 8,615,214 INCOME STATEMENT-CONSOLIDATED AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY PAGE I 0 15 I • FLccal Year Ended June 30,1995 �— �– 1 A 1 n l D ( c-. CAPITAL DEBT LOW/MODERATE SPECIAL PROJECTS SERVICE INCOME ROUSING REVENUE/OTHER TOTAL REVENUES .. FUNDS, FUNDS •FUNDS FUNDS TAX INCREMENT-GROSS , (INCLUDE ALL APPORTIONMENTS) 1.0 $ - $ 1,827,698 $ • 456,924 $ -• $ 2,284,622 SPECIAL SUPPLEMENTAL.SUBVENTION 2.0 - - - -. - PROPERTY ASSESSMENTS 3.0 - - - - - SALES&USE TAX 4.0 - - - - - TRANSIENT OCCUPANCY TAX 4.1 - - - - - INTEREST INCOME 5.0 140,897 49,391 - - 190,288 RENTAL INCOME ' 6.0 - - - - - LEASE INCOME 7.0 - - - - - SALE OF REAL ESTATE 8.0 - - - - - GAIN ON LAND . HELD FOR RESALE 8.1 - - - - - FEDERAL GRANTS 9.0 - - - - - GRANTS FROM OTHER AGENCIES 10.0 - - - - BOND ADMINISTRATIVE FEES 11.0 - - - - - OTHER REVENUES 12.0 - - - - - ' TOTAL REVENUES 13:0 $ 140,897 $ 1,877,089 $ 456,924 $ $ 2,474,910 1i EXPENDITURES :;:;::.;::.::.:;-.>::.;::.::::.::.::.;:.:.::.:•.>;:.::.;:.;:<.:�;::.;;:.;:«;.;;:.:;:::.;:.:,:;:.;:.;:.;:.::.>:<.;::;:;..;;:.:;:.;:.;:.;:.;:.:;.;::;.;::.;:.::.;:::..:::.::::.;:.;:.:;;:.:.;: ADMINISTRATION COSTS - 14.0 489,538 50,495 - - $ 540,033 PROFESSIONAL SERVICES 15.0 86,993 - - - 86,993 PLANNING,SURVEY&DESIGN 14.0 - - - - REAL ESTATE PURCHASES 17.0 - - - - - EXPENDITURES SUB-TOTAL (CARRY TO LINE I9) (IOW_ $ 576,531 $ 50,495 $ - $ - $ 627,026 • I •In wrier w ensure c orutuency,the wnowtu teportcd in the l.uw and Moderate Income/lousing Fund should fonn the basis for the data reported to the Depaeunnu of lluusung wtd Community Development on Schedules 11C1)-4 and IIC•U-C. . IA;FA 80(Rev 7/93) • • INCOME STATEMENT-CONSOLIDATED AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY PAGE I 0 15 J • Fiscal Year Ended June 30,1995 �— 1 A FIT FT D CAPITAL DEBT LOW/MODERATE SPECIAL EXPENDITURES (CON''T) PROJECTS SERVICE INCOME HOUSING REVENUE/OTHER TOTAL FUNDS FUNDS •FUNDS FUNDS . SUB-TOTAL (FROM LINE l8) (19.0) $ 576,531 $ 50,495 $ - $ - $ 627,026 ACQUISITION EXPENSE 20.0 744 - - - 744 OPERATION OF ACQUIRED PROPERTY - ' 21.0 .2,568 - - - 2,568 RELOCATION COSTS' 22.0 - - - - - RELOCATION PAYMENTS 23.0 - - - - - SITE CLEARANCE COSTS 24.0 - - ' - - - i PROJECT IMPROVEMENT/. .- .._ . -,... ' r. i CONSTRUCTION COSTS 25.0 842,650 - - - 842,650 DISPOSAL COSTS 26.0 - - - - - LOSS ON DISPOSITION OF LAND HELD FOR RESALE 26.1 - - - - - DECLINE IN VALUE OF .. LAND HELD FOR RESALE 26.2 - - - - - REHABILITATION COSTS 27.0 - - - - - REHABILITATION GRANTS 28.0 - - - - - INTEREST EXPENSE 29.0 - 518,652 - - 518,652 FIXED ASSET ACQUISITIONS . 30.0 9,946 - - - 9,946 SUBSIDIES TO LOW& MODERATE INCOME HOUSING s. 31.0 - - - - - DEBT ISSUANCE COSTS 31.1 - - - - - OTHER EXPENDITURES INCLUDING - f---` PASS THROUGH AND ERAF PAYMENT(S) 32.0 - • 121,229 - - 121,229 C, ; DEBT PRINCIPAL PAYMENTS: TAX ALLOCATION BONDS 6t NOTES 33.0 - 75,000 - - 75,000 REVENUE BONDS&CERTIFICATES OF PARTICIPATION 34.0 • - - - - CITY/COUNTY ADVANCES dt LOANS 35.0 - 1,288,986 - - 1,288,986 U.S.,STATE,&OTHER LONG-TERM DEBT 36.0 - - - - - TOTAL EXPENDITURES 37.0 $ 1,432,439 $ 2,054,362 $ - $ $ 3,486,801 •In order to ensure consistency,the amounts reported in the Low and Moderate Income/Lousing Fund should form the basis for the data reported to the Department of Housing and Community Development on Schedules 11CD-4 and IICD-C. • LGFA 80(Rev 7/93) INCOME STATEMENT-CONSOLIDATED AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY PACE FP] Fiscal Year Ended June 30,1995 FIT 57--.. CAPITAL DEBT . LOW/MODERATE . SPECIAL EXPENDITURES (CON'T) PROJECTS SERVICE INCOME HOUSING REVENUE/OTHER TOTAL FUNDS ' FUNDS •FUNDS FUNDS EXCESS(DEFICIENCY) REVENUES . OVER(UNDER)EXPENDITURES, 38.0 $ (1,291,542) $ (177,273) $ 456,924 $ - $ (1,011,891) OTHER FINANCING SOURCES(USES): • PROCEEDS OF LONG-TERM DEBT ,..-:„.. .. 39.0 1,288,986 _ - - 1,288,986 PROCEEDS OF REFUNDING BONDS 39.1 - -- - - • PAYMENT TO REFUNDED BOND ESCROW AGENT 39.2 ( - ) ( " - ) ( - ) ( - - ) ( - ) ADVANCES FROM CITY/COUNTY 40.0 - - - - - SALE OF FIXED ASSETS 41.0 - - - - - MISCELLANEOUS FINANCING SOURCES(USES) 41.1 18,097 645 - - .18,742 OPERATING TRANSFERS IN 42.0 283542 - 283,542 TAX INCREMENT TRANSFERS IN (LOW&MOD HOUSING FUND) 42.1 Sin:;:;:niiii;:]:;;:;::i:;;i:;:;:;:;::;;;::;:i:;:i:;:;:;M:::Mii:::;:i:i::;M:;:::::::::::i;':i;::ON - _ OPERATING TRANSFERS OUT 43.0 ( - ) ( 283,542 ) ( - ) ( - ) ( 283,542 ) TAX INCREMENT TRANSFERS OUT (LOW&MOD HOUSING FUND) 411 ( . - ) ( - ) ':;:::;:::::;;::1:;:::::;:iffil::;:;:i:M:;:;:;:i:R:;:;::: ( TOTAL- OTHER FINANCING SOURCES(USES) 44.0 $ 1,307,083 $ 645 $ - $ - $ 1,307,728 EXCESS(DEFICIENCY)OF REVENUES &OTHER FINANCING SOURCES OVEI? EXPENDITURES&OTHER FINANCINO -, USES (LINE 38+LINE 44) 45.0 $ 15,541 $ (176,628) $ 456,924 $ - $ 295,837 . EQUITY BEGINNING OF PERIOD 46.0 $ 9,760,892 $ 457,326 $ - $ - $ 10,218,218 ADJUSTMENTS: . PRIOR PERIOD ADJUSTMENTS 47.0 - (3,154,464) 3,154,464 - - RESIDUAL EQUITY TRANSFERS 48.0 - -* . - - - • - OTHER-(EXPLAIN) , 49.0 - - - • - - 50.0 - - - - - EQUITY,END OF PERIOD (MUST EQUAL PAGE 04,LINE 39) 51.0 $ 9,776,433 _ $ (2,873,766) $ 3,611,388 $ - $ 10,514,055 •In order to ensure curaistaay,the amounts reported in the Low and Moderate Income Housing Fund should form the basis for.the data reported to the Deparunent of llousinxand Cominunity Development on Schedules IICD-A and I ICD-C. . • LG FA 80(Rev 7/93) . ' SUPPLEMENTAL SCHEDULE SCHEDULE ERAF- P • ombined Tax increment Shift to Educational Augmentation Revenue Fund DNKP • REDEVELOPMENT AGENCY ARCADIA REDEVELOPMENT AGENCY PROJECT AREA NAME ALL PROJECT AREAS Total Tax Increment to be shifted to Please answer the following questions IF your• "the Educational Reenue Augmentation . agency borrowed funds to meet this obligation. Fund(ERAF)pursuant to State Department All Code section references are to the California of Finance(DOF)letter dated October 1, 1994 - • • $ 121,229 Health and Safety Code. Funding Sources: .. Redevelopment Agency: Borrowed from the 20%Set-Aside funds: See Individual Agency Tax Increment • $ • 121,229 Project Schedules Other Agency Funds _ - 1. What percentage of the 1992/93 20%Set-Aside funds were Total Agency Funds $ 121,229 used for the ERAF shift N/A t 2. Date of the finding regarding Agency Borrowing: \ insufficient other funds N/A From current 20%Low&Moderate Income Housing Funds •.$ - From.Legislative Body . . . . . . ..: . - Borrowed from the Legislative Body: 0 Total Borrowed Funds $ - 1. Date of resolution adopted pursuant to Section 33682(c) (1) N/A Total Tax Increment Shift to ERAF $ 121,229 2. Finding pursuant to Section • 33681 (b) related to: M1 Existing indebtedness _ • No other funds • ASSESSED VALUATIONS -AND -TAX INCREMENT REVENUES SCHEDULE I) - R Agency Name: ARCADIA REDEVELOPMENT AGENCY L'AC E 13 I l Fiscal Year Ended June 30,1995 Project Area: ALL PROJECT AREAS • . ASSESSED VALUATION DATA 11 57 SECURED UNSECURED TOTAL FROZEN BASE ASSESSED VALUATION 1.0 $ - $ - $ - INCREMENT ASSESSED VALUATION 2.0 $ - $ - $ - , - • TOTAL ASSESSED VALUATION 3.0 $ - $ - $ - I TAX INCREMENT REVENUES • DISTRIBUTION OF TAX INCREMENT APPORTIONMENTS AMOUNTS PASSED THROUGH PURSUANT TO ACI1JAL PAYMENTS A TI-3 1 C MADE BY: AMOUNTS PAID TO TAXING AGENCIES H&S CODE H&S CODE PURSUANT TO: SECTION 33401 SECTION 33676 TOTAL County Agency COUNTY 4.0 $ - $ - $ - $ - $ - CITIES 5.0 - - - - - SCHOOL DISTRICTS 6.0 - - - - - COMMUNITY COLLEGE DISTRICTS 7.0 - - - - __. SPECIAL DISTRICTS 8.0 - - - - - ALL OTHER AGENCIES 9.0 - - - - - TOTAL PAID TO TAXING AGENCIES 10.0 $ $ - $ $ $ - ' TAX C N REMENT V A AILABLE FORR .:::: ::•:;::: :::.::::: REDEVELOPMENT PURPOSES 11.0 :: 2,284,622 TOTAL TAX INCREMENTAl.LOCATED 12.0 - ` $ 2,284,622 . AMOUNT INCLUDED ON I INE 1l, WHICH WAS PAID INTO THE 1•.t)IICATIONAI. REVl.Nlll• AUGMENTATION I•lJND $ 121,229 I.UI.A 80(REV 7N3) • ANNUAL REPORT OF FINANCIAL TRANSACTIONS OF COMMUNITY REDEVELOPMENT AGENCIES PAGE 0 2 ACHIEVEMENT INFORMATION (UNAUDITED)• FISCAL YEAR ENDED June 30,1995 AGENCY NAME • ARCADIA REDEVELOPMENT AGENCY INDICATE ONLY THOSE ACHIEVEMENTS COMPLETED DURING THE FISCAL YEAR OF THIS REI'ORT AS A DIRECT RESULT OF TIIE ACTIVITIES OF THE REDEVELOPMENT AGENCY. ENTER TILE AMOUNT OF SQUARE SQUARE FOOTAGE COMPLETEI) . PLEASE PROVIDE A DESCRIPTION OF THE AGENCY'S ACTIVITIES/ FOOTAGE COMPLETED THIS YEAR ACCOMPLISHMENTS DURING THE PAST YEAR. USE ADDITIONAL FORMS BY BUILDING TYPE AND rA r13 AS NEEDED. SEGREGATED BY NEW OR NEW PLEASE BE SPECIFIC,AS THIS INFORMATION WILL BE THE BASIS REHABILITATED CONSTRUCTION. CONSTRUCTION REILABILITATEI) FOR POSSIBLE INCLUSION IN THE PUBLICATION. COMMERCIAL BUILDINGS 1 0 0 INDUSTRIAL BUILDINGS 2 0 0 PLEASE SEE SECTION III OF THE ANNUAL REPORT. PUBLIC BUILDINGS 3 0 0 0 0 OTHER BUILDINGS 4 0 0 TOTAI,SQUARE FOOTAGE 5 ENTER THE NUMBER OF JOBS • CREATED FROM THE ACTIVITIES :: A OF THE AGENCY,EITIIER ER 100 0 ACTUAL OR ESTIMATED I 6 ENTER TILE APPROPRIATE CODES TO INDICATE CH EA TYPE OF PUBLIC FACILITY COMPLETED THIS YEAR A C & E TYPE COMPLETED(A-F ONLY) I 7 A = UTILITIES C = LANDSCAPING E = STREETS&ROADS B = RECREATION D = SEWER&STORM F= BUS/TRANSIT INCOME STATEMENT AGENCY NAME ARCADIA REDEVELOPMENT AGENCY 1'AGE 0 I 5 1 Fiscal Year Ended June 30,1995 PROJECT AREA NAME Central Redevelopment Project �- 1 A 1 0- 1 D 1 '' CAPITAL DEBT LOW/MODERATE SPECIAL. PROJECTS SERVICE INCOME HOUSING REVENUE/OTHER 'I'O'I'AI. REVENUES FUNDS FUNDS •FUNDS FUNDS TAX INCREMENT-GROSS (INCLUDE ALL APPORTIONMENTS) 1.0 $ - $ 1,827,698 $ 456,924 $ - $ 2,284,622 SPECIAL SUPPLEMENTAL SUBVENTION 2.0 - - - - - ' PROPERTY ASSESSMENTS 3.0 - - - - - SALES&USE TAX 4.0 - - - - - -_ �1 TRANSIENT OCCUPANCY TAX 4.1 - - - - - INTEREST INCOME 5.0 140,897 49,391 - - 190,288 RENTAL INCOME 6.0 - - - - - LEASE INCOME 7.0 - - - - - SALE OF REAL ESTATE 8.0 - - - - - GAIN ON LAND IIELD FOR RESALE 8.1 - - - - - • • FEDERAL.GRANTS 9.0 - • - - - - GRANTS FROM OTHER AGENCIES 10.0 - - - - BOND ADMINISTRATIVE FEES 1 11.0 - - - - - OTHER REVENUES 12.0 • - - - - - TOTAL REVENUES 13.0 $ 140,897 $ 1,877,089 $ 456,924 $ $ 2,474,910 EXPENDITURES ..:::::.::...... ADMINISTRATION COSTS 14.0 489,538 50,495 - - $ 540,033 . PROFESSIONAL SERVICES 15.0 86,993 - - - 86,993 PLANNING,SURVEY&DESIGN 16.0 - - - - - -. ' REAL ESTATE PURCHASES 17.0 - . - - - - . EXPENDITURES SUB-TOTAL (CARRY TO LINE 19) (18.0) $ 576,531 _ $ 50,495 _ $ - $ - $ 627,026 •In order to ensure consistetuy,the amounts reported in the Low and Moderate Income!lousing Fund should form the basis fur the data reported to the Department of!lousing and Community Development on Schedules I/CD-A and IICD-C I.GFA 80(Rev 7/93) • • INCOME STATEMENT AGENCY NAME ARCADIA REDEVELOPMENT AGENCY I'M;l: 0 I 5 ' Fiscal Year Ended June 30,1995 PROJECT AREA NAMES Central Redevelopment Project �-- �- ' 1 A I t l T• U I '' CAPITAL DEBT LOW/MODERATE • SPECIAL. EXPENDITURES(CON.'T) . PROJECTS SERVICE INCOME HOUSING REVENUE/OTHER 'I'o'I'AI. FUNDS FUNDS •FUNDS FUNDS SUB-TOTAL (FROM LINE 18J (19.0) $ 576,531 $ 50,495 $ - $ - $ 62!,026 ACQUISITION EXPENSE 20.0 744 . - - - 744, • • OPERATION OF ACQUIRED PROPERTY 21.0 2,568 - - - 2,568 RELOCATION COSTS 22.0 - - - - - RELOCATION PAYMENTS 23.0 - - - - - i' SITE CLEARANCE COSTS 24.0 - - - - - . PROJECT IMPROVEMENT/ CONSTRUCTION COSTS 25.0 842,650 - - - 842,650 DISPOSAL COSTS 26.0 - - - - - LOSS ON DISPOSITION OF LAND HELD FOR RESALE 26.1 - - - - - . DECLINE IN VALUE OF LAND HELD FOR RESALE 26.2 - - - - - REHABILITATION COSTS 27.0 - - - - - REHABILITATION GRANTS 28.0 - - ,- - - INTEREST EXPENSE 29.0 - 518,652 - - 518,652 • FIXED ASSET ACQUISITIONS 30.0 9,946 - - - 9,946 SUBSIDIES TO LOW& , MODERATE INCOME HOUSING 31.0 - - - - - DEBT ISSUANCE COSTS 31.1 - - - - - OTHER EXPENDITURES INCLUDING PASS THROUGH AND ERAF PAYMENT(S) 32.0 • - 121,229 - - 121,229 DEBT PRINCIPAL PAYMENTS: - TAX ALLOCATION BONDS&NOTES 33.0 - 75,000 - - 75,000 REVENUE BONDS&CERTIFICATES OF PARTICIPATION . 34.0 - - - - - CITY/COUNTY ADVANCES&LOANS 35.0 1,288,986 1,288,986 . U.S.,STATE,&OTHER LONG-TERM DEBT it,(1 - - - - - TO-FM. EXNENDITURF:S 17 u $ 1.432,439 $ 2,054,362 $ - $ - $ 3,486.801 •In wacr to cnswe coniutcncy,the amounts reported in the Low and Moderate Income/lousing Fund should form the basis for the data reported to the Department of Housing and Community Development on Schedules IICL).A and I!('1)-C. LGFA 80(Rev 7/93) • INCOME STATEMENT AGENCY NAME ARCADIA REDEVELOPMENT AGENCY PAGE [ 0 J 5 FLscal Year Ended June 30,1995 PROJECT AREA NAME�Central Redevelopment Project �- �-- 1 A Fir I ` p I . .. CAPITAL DEBT LOW/MODERATE SPECIAL EXPENDITURES (CO ter) PROJECTS SERVICE INCOME HOUSING REVENUE/OTHER TOTAL • FUNDS FUNDS *.FUNDS FUNDS EXCESS(DEFICIENCY) REVENUES OVER(UNDER)EXPENDITURES 38.0 $ (1,291,542) . $ (177,273) $ 456,924 $ - $ (1,011,891) OTHER FINANCING SOURCES(USES):; PROCEEDS OF LONG-TERM DEBT. 39.0 1,288,986 - - - 1,288,986 ` PROCEEDS OF REFUNDING BONDS 39.1 - - - - - PAYMENT TO REFUNDED BOND • ' ESCROW AGENT . 39.2 ( ° - ) ( - ) ( - ) ( - ) ( - ) ., ADVANCES FROM CITY/COUNTY 40.0 - - - - SALE OF FIXED ASSETS 41.0 - - - - - MISCELLANEOUS FINANCING - SOURCES(USES) 41.1 18,097 645 •- - 18,742 OPERATING TRANSFERS IN 42.0 - 283,542 - - 283,542 TAXI INCREMENT TRANS (LOW&MOD HOUSING ING FUND 42.1 - - OPERATING TRANSFERS OUT 43.0 ( - ) ( 283,542 ) - . ( ) ( 283,542 ) TAX INCREMENT TRANSFERS OUT (LOW HOUSING FUND 43 l _ TOTAL- OTIIER FINANCING SOURCES(USES) 44.0 $ 1,307,083 $ 645 $ - $ - $ 1,307,728 EXCESS(DEFICIENCY)OF REVENUES &OTHER FINANCING SOURCES OVER EXPENDITURES&OTHER FINANCING • - USES (LINE 3S+LINE 44) 45.0 $ 15,541 $ (176,628) $ 456,924 $ - $ 295,837 EQUITY • .... BEGINNING OF PERIOD 46.0 9,760,892 457,326 - $ - $ 10,218,218 ADJUSTMENTS: - - PRIOR PERIOD ADJUSTMENTS. 47.0 - (3,154,464) 3,154,464 - - RESIDUAL EQUITY TRANSFERS 48.0 - - - - - OTHER-(EXPLAIN) " 49.0 - - - - - 50.0 - - - - - EQUITY,END OF PERIOD , (MIDST EQIJAI.PAGE.04,LINE 39) 51 o _ $ 9,776,433 $ (2,873,766) _ $ 3,611,388 $ - _ $ 10,514,055 , •In order to ensure consistency,the amounts reported in the Low and Moderate Income/lousing Fund should john the basis for the data reported to the Deparunent of Iku.sing and Community Development on Schedules IICD-A and IICD-C. , LGFA 80(Rev 7/93) AGENCY LONG-TERM DEBT SCHEDULE A-RI' TAX ALLOCATION BONDS, REVENUE BONDS AND CERTIFICATES OF PARTICIPATION I'ACE 1 OF 1 ' AGENCY NAME ARCADIA REDEVELOPMENT AGENCY Fiscal Year Ended June 30, 1995 .. PROJECT AREA Central Redevelopment Project Use a separate column for listing each bond authorization not fully retired. Use additional pages as necessary. . I I I I CODING BOXES FOR CONTROLLER'S USE ONLY INDICATE TYPE OF DEBT:TAX ALLOCATION Tax Allocation BOND,REVENUE BOND OR CERTIFICATE'. Refunding T'O'l'Al. OF PARTICIPATION Bonds YEAR OF AUTHORIZATION 1.0 1989 PRINCIPAL AMOUNT AUTHORIZED 1.1 $ 3,780,000 $ - $ - $ - $ 3,780,000 '--' PRINCIPAL.AMOUNT UNISSUED 1.2 - - - - - PRINCIPAL AMOUNT UNMATURED- BEGINNING OF FISCAL YEAR 2.0 3,540,000 - - - 3,540,000 • ADJUSTMENTS MADE DURING YEAR (EXPLAIN) 3.0 - - - - - PRINCIPAL AMOUNT ISSUED DURING FISCAL YEAR 4.0 - - - - PRINCIPAL AMOUNT MATURED DURING FISCAL YEAR 5.0 ( 75,000 ) ( - ) ( - ) ( - ) ( 75,000 ) PRINCIPAL AMOUNT DEFEASED DURING FISCAL YEAR 5.1 ( - ) ( - ) ( - ) ( - ) ( - ) PRINCIPAL AMOUNT UNMATURED- END OF FISCAL YEAR 6.0 3,465,000 - - - 3,465,000 PRINCIPAL AMOUNT IN DEFAULT 6.1 - - - - __ INTEREST IN DEFAULT 6.2 - - - - REVENUES PLEDGED AS ADDITIONAL SECURITY EXT EN'I' PURPOSE OF DEBT BY AUTHORIZATION (SPECIFY NATURE OF REVENUE) PLEDGED To refund Tex Allocation Notes,Issue of 1986 All tax increment of project area 100 % `7. % % LGFA HO(REV.5i90) OTHER LONG-TERM INDEBTEDNESS SCHEDULE B-R1' Agency Name: ARCADIA REDEVELOPMENT AGENCY Fiscal Year Ended June 30, 1995 Project Area: Central Redevelopment Project USE A SEPARATE COLUMN FOR LISTING EACH BOND AUTHORIZATION ION NOT FULL RETIRED. USE ADDITIONAL PAGES AS NECESSARY. I1 . 6 I1 7 I1 8 II 9 A A A A OTHER LONG TERM INDEBTEDNESS (1.0) CITY/COUNTY STATE U.S. OTHER TOTAL PRINCIPAL AMOUNT UNMATURED- BEGINNING OF FISCAL YEAR 2.0 $ . 5,150,215 $ - $ - $ - $ 5,150,215 ADJUSTMENTS MADE DURING YEAR (EXPLAIN) 3.0 - - - - - INTEREST ADDED TO PRINCIPAL 3.1 1,288,986 - - - 1,288,986 PRINCIPAL AMOUNT RECEIVED DURING FISCAL YEAR 4.0 PRINCIPAL AMOUNT MATURED DURING FISCAL YEAR 5.0 ( 1,288,986 ) ( ) ( - ) ( - ) ( 1,288,986 ) PRINCIPAL AMOUNT UNMATURED- END OF FISCAL YEAR 6.0 $ 5,150,215 $ - $ - $ - $ 5,150,215' I l lI .\2),j i Ill \ •,•A)) • ASSESSED VALUATIONS -AND -TAX INCREMENT REVENUES SCIIEI)U1.E 1)-RI' Agency Name: ARCADIA REDEVELOPMENT AGENCY PACE I 3 1 I ,l Fiscal Year Ended June 30,1995 Project Area Central Redevelopment Project . ASSESSED VALUATION DATA •. FAT- It E(= SECURED UNSECURED TOTAL •.. FROZEN BASE ASSESSED VALUATION 1.0 $ - $ - • $ - J, INCREMENT ASSESSED VALUATION 2:0 $ - $ - $ - TOTAL ASSESSED VALUATION 3.0- $ - $ - $ - TAX INCREMENT REVENUES DISTRIBUTION OF TAX INCREMENT APPORTIONMENTS AMOUNTS PASSED THROUGH PURSUANT TO ACTUAL PAYMENTS 1 A I B MADE BY: AMOUNTS PAID TO TAXING AGENCIES H&S CODE' H&S CODE • ' PURSUANT TO: SECTION 33401 SECTION 33676 TOTAL County Agency COUNTY - 4.0 $ - $ - $ - $ - $ - CITIES 1 5.0 - - • - - - SCHOOL DISTRICTS 6.0 - - - - - COMMUNITY COLLEGE DISTRICTS 7.0 - - - - - SPECIAL DISTRICTS 8.0 - - - - - . . ALL OTHER AGENCIES , 9.0 - - • - - - , TOTAL PAID TO TAXING AGENCIES 10.0 $ $ - $ - $ - $ - TAX INCREMENT AVAILABLE M::?ti>:<::<:>##::::<:»:«:%:.:::.:::::.:::.,•..:•. .::. .:::.::::: :,::: .. FOR R REDEVELOPME NT PURPOSES 1 10 �•' 2 284 6 22 •TOTAL T AX INCREME NT ALLOCATED 12 0 2 2 8 4 622 „ AMOUNT INCLUDED ON LINE 11, WHICH WAS PAID INTO , THE EDUCATIONAL REVENUE AUGMENTATION FUND $ 121,229 LUFA 80(REV 7A3) SUPPLEMENTAL SCHEDULE SCHEDULE ERAF- P Tax Increment Shift to Educational Augmentation Revenue Fund DNKP REDEVELOPMENT AGENCY ARCADIA REDEVELOPMENT AGENCY PROJECT AREA NAME Central Redevelopment Project Total Tax Increment to be shifted to Please answer the following questions IF your the Educational Revenue Augmentation agency borrowed funds to meet this obligation. Fund(ERAF)pursuant to State Department All Code section references are to the California of Finance(D0F)letter dated October 1, 1994 $ 121,229 Health and Safety Code. Funding Sources: Redevelopment Agency: Borrowed from the 20%Set-Aside funds: Agency Tax Increment $ 121,229 Other Agency Funds - 1. What percentage of the 1992/93 20%Set-Aside funds were Total Agency Funds $ 121,229 used for the ERAF shift 2. Date of the finding regarding Agency Borrowing: . insufficient other funds From current 20%Low&Moderate 1 Income Housing Funds $ - From Legislative Body - Borrowed from the Legislative Body: T otal Borrowed Funds $ - 1. Date of resolution adopted pursuant to Section 33682(c) (1) Total Tax Increment Shift to ERAF $ 121,229 2: Finding pursuant to Section 33681 (b) related to: Existing indebtedness No other funds • • SCHOOL DISTRICT/COMMUNITY COLLEGE DISTRICT ASSISTANCE SCHEDULE F-RI' • , AGENCY NAME ARCADIA REDEVELOPMENT AGENCY FISCAL YEAR ENDED: June 30, 1995 PROJECT AREA Central Redevelopment Project r PURSUANT TO HEALTH & SAFETY SECTION 33080.5(e), PLEASE PROVIDE THE FOLLOWING: • AMOUNTS PAID PURSUANT TO PAID TO: HEALTH AND SAFETY CODE SECTION: SCHOOL DISTRICTS COMMUNITY COLLEGES TOTAL 'Standard'pus through 33401 agreements to school districts 1.0 Payments,loans,Bunning,eta of land, • 33445 building facilities,structures for schools 2.0 Payments to school districts to eliminate 33445.5 overcrowding-capital projects funding only 3.0 __ '296 growth'monies.This is done only if the 33676(A)(2) district DOES NOT have a 33401 agreement. 4.0 - , Educational >::>:>:zs;:>;>:i::: :;<;.;;:;:r:;••::;,;:;:;>�:s>::::; .::::>:.; List all payment to the Fd :�. .. ;ss: ...;::..;::.;::.; . .;..: ::.:::: 33681 Revenue Augmentation .. .. 1212.) TOTAL AMOUNTS PAID 6.0 - _ - 121,229 PURSUANT TO HEALTH & SAFETY SECTION 33080.5(1), PLEASE PROVIDE TIIE FOLLOWING: THIS SECTION IS APPLICABLE TO TI IOSE AGENCIES THAT WERE UNABLE TO PAY TI fE FULL AMOUNT TO THE EDUCATIONAL REVENUE AUGMENTATION FUND(ERAF)AS REQUIRED BY SECTION 33681,AND ADOPTED THE RESULTUION REQUIRED BY SECTION 33682(c). TOTAL AMOUNT TO BE PAID INDEBTEDNESS AS DEFINED: EXISTING INDEBTEDNESS IN CURRENT FISCAL YEAR 33682(a)(1)(A)-Bonds,notes,certificates, debentures,or other oblications 7.0 33682(a)(1)(B)-Loans or moneys advances to the agency... 8.0 • 33682(a)(1)(C)-Contractual Obligations 9.0 F' . 33682(a)(1)(D)-Obligations incurred pursuant to Section 33445 10.0 33682(a)(1)(E)-33334.2 indebtedness 11.0 33682(a)(1)(F)-Operation and administration indebtedness 12.0 b a■ 33682(a)(1)(G)-Others as noted . 13.0 TOTAL 14 0 - LGFA 80(Rev 7/94) • r SUPPLEMENTAL TO Mr,- ANNUAL REPORT OF COMMUNITY i)EVELOPMENT AGENCIES The U. S. Bureau of the Census requests the following information about the fiscal activities of your government for the year ended June 30, 1994. Governments furnishing this information will no longer receive Census Bureau Form F-32, Survey of Local Government Finances. If you have any questions please contact Marion Paddy at the Census Bureau 1-800-242-4523. A. PERSONNEL EXPENDITURES Report your government's total expenditure for salaries and wages during the year, including amounts paid on force account construction projects. zoo $ 0 B. MORTGAGE REVENUE BOND INTEREST PAYMENTS Indicate the amount of interest paid on mortgage revenue bonds during the year. • U20 $ 0 C. CASH AND INVESTMENTS HELD AT THE END OF THE FISCAL YEAR Report separately for each of the three types of funds listed below, the total cash on hand and on deposit and investments in Federal government, Federal agency, State and local government and non-governmental securities. Report all investments at par value. Include in the sinking fund total any mortgages and,notes receivable held as offsets to housing and industrial financing loans. Exclude accounts receivable, value of real property and non-security assets. 1. Sinking funds - Reserves held for redemption wot of long-term debt. $ 378,240 2. Bond funds - Unexpended proceeds from sale of bond w31 issues held pending disbursement. $ 0 2. All other funds - Exclude employee retirement funds. _w61 $ 3,337,336 �y - Y EXHIBIT "I" Arcadia Redevelopment Agency Financial Statements (June 30, 1995) Available for review in the Redevelopment Agency Offices.