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HomeMy WebLinkAboutDecember 15, 1998\- ~' , . ~"rrr~i ~ , 'v 7 ' ^-- AN':VO TAT ED -~A G E N D A~- ~ Arcadia City Council and Redevelopment Agency Meeting December 15, 1998 6:00 p.m. Council Chamber Conference Room ACTION For lack of a quorum the 6:00 p.m. meeting adjourned to 6:30 p.m. this date. ROLL CALL: Council Members Chandler, Harbicht, Marshall, Roncelli and Kovacic All Present 1 1. TIME RESERVED FOR THOSE IN THE AUDIENCE WHO WISH TO No one addressed .~ ADDRESS THE CITY COUNCIL (NON-PUBLIC HEARING/ FIVE MINUTE the Council_ '~ TIME LIMIT PER PERSON) RE: 6:00 P.M. SESSION. 2. CLOSED SESSION a. Pursuant to Government Code Section 54957.6 to confer with City labor nc 6:33 p.m. the. ' negotiators Carol Przybycien, Dan Cassidy and William Kelly regarding councii xECESSED; Teamsters Local 911, AFSCME Local 2264, AFFA, APOA, Mana ement to the Closed.Ses~.: 9 kECONVENED ia the and non-represented employees. councii chanbers at 7:00 p.m. f 7:00 p.m. 1 Council Chambers INVOCATION Rev. Ray Petzholt, Manaarin Baptist Church ~ PLEDGE OF ALLEGIANCE Melissa Tauer ROLL CALL: Council Members Chandler, Harbicht, Marshall, Roncelii and Kovacic nii Present ~ 3. 4. 5. 6. 7. _ The City Attorney announced the subject considered at the Closed Session_ PRESENTATION of Mayor's Community Service Award to Jack and Janet Orswell. PRESENTATION of Mayor's Youth Service Award to Jacob Sonnenberg. PRESENTATION of Mayor's Employee Recognition Award to Craig Clark. PRESENTATION to Richard Martinez for outstanding community service. SUPPLEMENTAL INFORMATION FROM STAFF REGARDING AGENDA ITEMS. Postponed ~ Agenda Item 12d - date amended 8. QUESTIONS FROM CITY COUNCIL/REDEVELOPMENT AGENCY REGARDING AGENDA ITEMS. Nor.i~ I \~ . ,. MOTION: ~ ~ Read all Ordinances and Resolutions by title only and waive reading in full. 9. TIME RESERVED FOR THOSE IN THE AUDIENCE WHO WISH TO ADDRESS THE C(TY COUNCIUREDEVELOPMENT AGENCY (NON-PUBLIC HEARING/FIVE MINUTE TIME LIMIT PER PERSON). 10. MATTERS FROM ELECTED OFFICIALS City Council Reports/Announcements/Statements/Future Agenda Items ACTI(~N Adooted 5-0 D. Denne G. Roberson R. Hoherd L. Ramsey See Minutes 11. JOINT MEETING OF THE ARCADIA CITY COUNCIL AND REDEVELOPMENT AGENCY a. Minutes of the December 1, 1998 Regular Meeting. nt,nr~~aa s-n b. Report and recommendation to approve the Redevelopment Agency Anoroved s-o Annual Report (FY 1997-1998). ADJOURN Redevelopment Agency to January 5, 1999 at 6:00 p.m. 12. CONSENT a. Minutes of the December 1, 1998 Regular Meeting. npvro~ea 5-0 b. Report and recommendation to award a contract in the amount of Approved 5-0 $47,603.00 to D& J Foothill Electric Contractor, Inc. for the installation of electrical systems for the Police Communication Center and installation of electrical upgrades, including an emergency stand-by generator, at Fire Station No. 3. c. Report and recommendation to appropriate $22,128.D0 from the Equipment~nrovea s-o Service Fund for the remediation of contaminated soil, construction of a concrete support pad, and installation of one (1) 12,000 pound above - ground vehicle hoist for the City garage. d. Report and recommendation to approve an extension to the Employment Apysovea 5-0 Agreement between the City of Arcadia and James Reed (Interim~ Fire Chiefl to extend the period of employment from}IBan~~~~~~~ to June 30. 1999. e. Report and recommendation to adopt Resolution No. 6091, A Resolution Adop[ed 5-0 of the City Council of the City of Arcadia, California, approving an amendment to the Joint Exercise of Powers Agreement for insurance and risk management purposes, approving the admittance of the City of Chino to membership in the Independent Cities Risk Management Authority. 2 I,\~ -` ~ :^ r Consent continued ~ ~ ACTION ~~ f. Report and recommendation to adopt Resolutions No. 6089. 6095 and Adopted all 5-0 6096 modifying the City's medical insurance program: Resolution No. 6089, A Resolution of the City Council of the City of Adopted 5-0 Arcadia, California, electing to be subject to Public Employees' Medical and Hospital Care Act only with respect to members of Management and fixing the employer's contribution for employees and the employer's contribution for annuitants at different amounts. Resolution No. 6095, A Resolution of the City Council of the City of A~~,,,,rPa s-n Arcadia, California, electing to be subject to Public Employees' Medical and Hospital Care Act only with respect to members represented by the Arcadia Fire Fighters Association (AFFA) and fixing the employer's contribution for employees and the employer's contribution for annuitants at different amounts. Resolution No. 6096, A Resolution of the City Council of the City of Adonted 5-0 Arcadia, California, electing to be subject to Public Employees' Medical and Hospital Care Act only with respect to members represented by AFSCME and fixing the employer's contribution for employees and the employer's contribution for annuitants at different amounts. g. Report and recommendation to adopt Resolution No. 6092, A ReSOIUtIOfI Adopted 5-0 of the City Council of the City of Arcadia, California, amending the City of Arcadia's Deferred Compensation Plan. h. Report and recommendation to appropriate an additional $9,500.00 from Apnroved 5-0 the Equipment Replacement Fund to purchase office furniture for the Children's Services Division of the Library. i. Report and recommendation to adopt Resolution No. 6094, A Resolution Adooted 5-0 of the City Council of the City of Arcadia, California, setting a Public Hearing for January 5, 1999, granting a non-exclusive franchise to Metricom, Inc. for the placement of radio transceivers on City-owned light poles in the public right-of-way. 13. CITY MANAGER [- r F. a. Report and recommendation to adopt Resolution No. 6088, A Resolution Continued co 1-5-99~ of the City of Arcadia, California, approving the transfer and assignment 5-0 ~ of the non-exclusive cable television franchise from TCI Cablevision of Sierra Madre/Arcadia, Inc. to ATB~T. To be continued to January 5, 1999. 14. CITY ATTORNEY a. Report and recommendation to adopt Ordinance No. 2095, An Ordinance~ nao ted 4-1 of the City Council of the City of Arcadia, California, adding an H6 (High Ro°~elli opposed .. Rise Overlay) to the C-2 Zoned property located at 55 West Huntington Drive. 3 _ . ~I City'Attorney continued ~ • ACTION Introduced and b. Report and recommendation to adopt Urgency Ordinance No. 2096, aaonted 5-0 An Urgency Ordinance of the City Council of the City of Arcadia, California, extending Ordinance No. 1999 regarding prima facie speed limits. (Urgency Ordinance to be effective from December 22, 1998 to February 19, 1999 - Four Votes Required). ADJOURN City Council to January 5, 1999 at 6:Q0 p.m. in memory of Dr. Charles Petty. Adjourned at 8:28 p.m. 4 (5 7So -9D — /ire 3 s4 . " "°�ApOAATA9 ° STAFF REPORT MAINTENANCE SERVICES DEPARTMENT December 15, 1998 TO: MAYOR AND CITY COUNCIL FROM: PAT MALLOY, MAINTENANCE SERVICES DIRECTOR BY: DAVE McVEY, GENERAL SERVICES SUPERINTENDENT REVIEWED BY: JIM DALE, ADMINISTRATIVE SERVICES DIRECTOR SUBJECT: REPORT AND RECOMMENDATION TO AWARD A CONTRACT TO D & J FOOTHILL ELECTRIC CONTRACTOR, INC. IN THE AMOUNT OF $47,603.00 FOR THE INSTALLATION OF ELECTRICAL SYSTEMS FOR THE POLICE STATION RENOVATION OF THE BACK-UP 911 DISPATCH CENTER AND INSTALL ELECTRICAL UPGRADES INCLUDING AN EMERGENCY STAND-BY GENERATOR FOR FIRE STATION NO. 3 SUMMARY: The 1998/99 Capital Improvement Program provides for electrical system upgrades at the Police Station and Fire Station No. 3. This project includes installation of the required circuitry for renovation of the back-up 911 Dispatch Center at the Police Department. This project will also upgrade the circuitry and backup power generation capabilities at Fire Station No. 3, which have not been modified since original construction in 1948. On Thursday,'January 12, 1998, sealed bids were opened by the City Clerk in the City Clerk's Office. Staff recommends that the City Council award a contract to the lowest bidder, D & J Foothill Electric Contractor, Inc. in the amount of$47,603.00. DISCUSSION: The Police Station and Fire Station No. 3 have experienced a massive proliferation of computer, telecommunications, office machines and other electronically powered equipment since each of the buildings' original circuitry was installed. This electrical circuitry upgrade project will serve to accommodate the increased power load required at these facilities. As mentioned above, the Police 911 Back-up Dispatch Center will have additional circuitry requirements. The Police Communications Center improvements are being completely funded through the State's Citizens' Option for Public Safety (COPS) grant program. The funds are specifically designated for the purchase of equipment (funds can not be used for hiring additional officers) that will be used for"front-line"police services. _ nn p re 4/' G`o _''�'j z6 MAYOR AND CITY COUNCIL DECEMBER 15, 1998 PAGE 2 The proposed work at the Police Communications Center consists of installing a new electrical subpanel, including all related circuitry and an uninterrupted power source (UPS) device. The UPS device will be used to provide an emergency power source for all computer and telecommunications equipment in the Communication Center. The electrical circuitry at Fire Station No.3 is antiquated and has not been upgraded since original construction in 1948. The work to be done at Fire Station No. 3 will include the upgrade of an existing, undersized electrical main to a 200 amp service which will be sufficient to provide power to the Fire Station and the adjacent Orange Grove Emergency Response Facility. An existing City owned 75 kilowatt (kW) stand-by generator (the one currently in use at City Hall) and related wiring will be relocated to the Orange Grove site to serve as an emergency power source for these two facilities as part of the City Hall Emergency Generator Replacement and Relocation project that was approved by the City Council on October 6, 1998. Three contractors responded to the Notice Inviting Bids by picking up bid packages. A job walk was conducted on November 5, 1998 with the three participating contractors. Sealed bids were opened on November 12, 1998. Three (3) bids were submitted with the following results: BIDDER LOCATION BID AMOUNT D &J Foothill Electric Contractors,Inc. LaVerne, CA $ 47,603.00 A&B Electric Pomona, CA $ 48,160.00 National Electric Contractors, Inc. Encino, CA $ 51,248.00 Staff has reviewed the bid documents for content and has investigated the contractor's background and recent projects for competency. It is staff's determination that D & J Foothill Electric Contractors, Inc. can satisfactorily perform the work required. FISCAL IMPACT: Adequate funds have been provided in the 1998/99 Capital Budget to complete this work. $24,000 is budgeted in the Police Department Operating Budget for the Communication Center and $135,200 is included in the Capital Improvement Budget for the Fire Station No. 3 improvements a w MAYOR AND CITY COUNCIL DECEMBER 15, 1998 PAGE 3 RECOMMENDATION: It is recommended that the City Council: 1. Award a contract in the amount of $47,603.00 to D & J Foothill Electric Contractors,Inc. for this project. 2. Waive all formalities in the bid and bidding process. 3. Authorize the City Clerk and City Manager.to execute the contract in a form approved by the City Attorney. PM:DRM:ds Approved: 1611C4 William R. Kelly, City Manager Mr/ate C/G/D—/3 i G so ..; ~�O STAFF REPORT �POAAT4a DEVELOPMENT SERVICES DEPARTMENT December 15, 1998 TO: City Council and Redevelopment Agency FROM: Don Penman, Deputy City Manager / Development Services Director ft, By: Peter P. Kinnahan, Economic Development Administrator RE: Recommendation to Approve the Redevelopment Agency Annual Report (FY1997-98) 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 1997-98, the information provided within it represents Agency activities as they existed as of June 30, 1998. 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 1997-98) IV. WORK PROGRAM FOR THE COMING YEAR (FY 1998-99) V. HOUSING SET ASIDE VI. RESIDENTIAL DISPLACEMENT, CONSTRUCTION AND REHABILITATION DATA VII. LEGISLATIVE RECOMMENDATIONS VIII. FISCAL STATEMENT IX. FINANCIAL AUDIT ,ado ra-v e 1�- M IX -4 I Redevelopment Agency Annual Report December 15, 1998 Page 2 A final copy of this report will be submitted to HCD and the State Controller by December 31, 1998. FISCAL IMPACT: None RECOMMENDATION: REDEVELOPMENT AGENCY: THAT THE ARCADIA REDEVELOPMENT AGENCY PRESENT THE FY 1997-98 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 1997-98 ANNUAL REPORT AND DIRECT STAFF TO TRANSMIT IT TO HCD AND THE STATE CONTROLLER. Approved: JPESIA William R. Kelly, Executive Director/City Manager Attachments: Arcadia Redevelopment Agency Annual Report ARCADIA REDEVELOPMENT AGENCY Annual Report to the State Fiscal Year 1997 -98 December 15, 1998 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 1997-98 IV. WORK PROGRAM FOR THE COMING YEAR (FY 1998-99) 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 - Redevelopment Opportunity Location Map D - Annual Report of Housing Activity (HCD) E - Resolution No. ARA-178 F - Annual Report of Financial Transactions (Controller) G - Arcadia Redevelopment Agency Financial Statements H - Statement of Indebtedness 1 I t .• INTRODUCTION A. THE CITY The City of Arcadia, with a population of approximately 52,452, 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 presently operates under a Council-Manager form of government. Four Council members and one Mayor are 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 Gary A. Kovacic, Mayor Chair Protempore Roger Chandler, Mayor Protempore Board Member Robert C. Harbicht, Council Member Board Member Gail A. Marshall, Council Member Board Member Gino Roncelli, Council Member Executive Director William R. Kelly, City Manager Deputy Executive Director Don Penman, Deputy City Manager Agency Counsel Michael H. Miller, City Attorney Agency Secretary June D. Alford, City Clerk Agency Treasurer James S. Dale, Admin. Services Director 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. 2 i ) 1 ■a■ WPM REGIONAL LOCATION MAP lawa Ilk A7111 SAN s FERNANDO '9e^., is-.+r I•2j0 LA CANADA VAN NUYS � W 1�f tc VENTURA• GLENDALE s: • „ FREE WAY i �s W PASADENA * FoOrNt t .� 4 ARCADIA FREEWAY 1.210 HOLLYWOOD '4 �9FF a COVINA W ID. e1", WAY . SAN 6ERNARpy� FpEE`f1AY i. BEVERLY HILLS l.to vow FREE. CULVER R o ANGELES grkk. , 6.9-70 INDUSTRY c? 'LOS `r1k,� 4. 1 BELL �y1 ;� WHITTIER Q W i o • • COUNTY OF LOS ANGELES MARINA r ¢ T-CO INTY OF ORANGE DEL RAY r `�' HAWTHORNE y F�1y ' BREA 9 O YORBA MANHATTAN .+' - m iJ ; LINDA BEACH .RTESIA FREEWAY I W s tCARSON i r LAKEWOOD y f „. REDONDO TORRANCE W BEACH ( GARDEN i !: PALOS pAL-Fk, COAST HIGHWAY GROVE WAY VERDES I LONG BARE • ��, BEACH AEN ut • LI ROLLING }�►' �� •� � 1 `� SANTA l� HILLS �, '•' �I SEAL yg(� ANA �.. . D - .. Ploy. ' - PACIFIC OCEAN _.... NORTH No Scale EXHIBIT A — Regional Location Map 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 $29,000,000 cumulatively to date. The Project Area is depicted in Exhibit B. Ill. COMPARISON OF AGENCY GOALS AND OBJECTIVES - FISCAL YEAR 1996-97 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: A. The Northside Project (Santa Clara and Second) Two properties within the Northside Project site are subject to a November 17, 1987 DDA that required construction of professional office buildings. Emkay Development Company (Parcel E) and Western Security Bank (Parcel D) own the two properties respectively. In late May 1998, the three (3) story 122 unit Extended Stay America Hotel opened for business. ESA Management, the assignee developer pursuant to a February 18, 1998 DDA with Emkay and the Agency developed this project. Since the period covered in this report ended, the Agency approved the assignment of the development rights and responsibilities for an 18,000 square foot office and assembly facility by ICD/Heateflex on the one acre remnant of Parcel E ICD pursuant to a December 16, 1997 DDA with Emkay and the Agency developed this project. Construction is set to begin in early 1999 and the facility will open in the fall of 1999. During the course of the reporting period, the Agency has been approached by a number of developers regarding the development of the Western Security Bank Property (Parcel D). Although, negotiations have not led to any acceptable users, the Agency continues to market the property for development. While Western Security Bank to date has failed to develop its parcel as envisioned in the November, 1987 Northside Project DDA as amended, it remains bound by the terms and conditions of that document and amendments. The Agency will continue to work with them and successor 4 CURRENT PROJECT AREA BOUNDARY AND LAND USE MAP ( 1994) ■E■ Pli Mai 2111111.111mi nu ale.__ . % P F �'�� 7C6,"446../1/r ��� v RHD • I . �1 D RHO * '11 a e tAewman f..° RLD -re�w.� ,��na�t. •// RHD RHOI RHD CGI I4G�, C•lerado Ililyd. �. ' >ICGI RHD ifC RHD 410g,*�` CG I ,♦ • .p lI II l r CO I i' I La Porte St. �° ° CG/I ® I I Ii .\* I bithoi� I i o,♦ VI , 1 e ICG/1 Saint . Jose•h St. ��� ,s \IPA: ' _ ,�^ I 1 I PD F o O� < Se i I ± ,� •• ants Clara 3t. 5 _ c[C_G . I C G .1111.. co I • • ,/CG �d. . a Wheeler v• re. / M `•`` %-- a,a °d� P D P D , CO C G I C G I CGX° . � ,� aCG I CG Im CO N. F `` al Huntington Drlvs MMMMM aalJ I CG I I CG I D X Ifil• a' I RHO ICGI IC Gil RHD . `I ' 4.. ,,CG Alta 7 S TIt iNss PD e f r 1 +c � LEGEND ��+ , • + 1 RHO Residential High Density I Industrial ■ DO RLD Residential Low Density PF Public Facilities ....111111■ CO Commerclol Office PD Planned Development NORTH October, 1986 CG Commercial General mum Project Area Boundary No Scale 1 EXHIBIT B - Central Redevelopment Project Area Map ... REDEVELOPMENT OPPORTUNITY LOCATION MAP .. , r _ _ .. ..... .. .. .. i1 ■o ----1 COLORADO BOULEVARD \ CO ORADO BOULEVARD W__________.% PLPLri 11 w W > ` I > LA PORTE STREET � LA FORTE STREET ' s ¢ ,`` I y p C U a �O I = i F ihiWs E 4 W� RE SANTA CLARA STREET ... a^ - t., P Y OF\ ` 0 t Ur=i1= WHEELER O �Iil�✓ I < J a FiUNT1NGTON DRIVE HUM INOTON DRIVE LL FUNTINGTON DRIVE HUNTNGTON DRIVE ‘•� / N TH t IWI �'j l ■ i , I=kiwi NO SCALE 1<- BONITA STREET < BONITA REET ..i O Western Security Bank LL p ICD Heatflex CALIFORNIA STREET LIFORN SIR U tat H RA p Southwest Corner Site p x p Northwest Corner Site p Nome Savings Parking Lot 12/2/98 EXHIBIT C - Redevelopment Opportunity Location Map t . ( users they identify (and adjacent owners as necessary) to complete the Northside Project. B. Southwest Corner Project (Huntington and Second) On November 14, 1995, a 6,930 Sq. Ft. Outback Steakhouse opened for business on the Southwest Corner Site. This Agency assisted project was developed by Arcadia Steakhouse, LP pursuant to a June 20, 1995 DDA. The Agency continues to lease the land to Arcadia 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 in November, 2000. C. Northwest Corner Project (Huntington and Second) Following the period covered in this report the Agency has chosen to work with Stonebridge Companies of Denver on the development of the northwest corner. Pursuant to a March 17, 1998 DDA., Stonebridge Companies has agreed to develop the site with two (2) quality hotels. One of the hotels will be a 124-room Hilton Garden Inn of four (4) stories and the second hotel will be an 84-room Marriott Fairfield Suites also of four stories. Building plans have been submitted. Construction is anticipated to begin in late fall, 1998, with the hotel opening by summer, 1999. 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 was completed in May, 1996. Business incentive programs include a commercial facade rehabilitation program (CFRP), business attraction program, business marketing program, signage program, cooperative parking, special events, land use/zoning/design amendments, public accessway acquisitions, etc. The Agency has established a successful façade rehabilitation program, reimbursing 10 business/property owners a total of $130,000. The land zoning has been changed to Central Business District (CBD) requiring that the front one third of buildings on Huntington and First be retail, and simplifying and clarifying signage. The CBD code now permits sidewalk seating and sampler display regulations. The Agency has installed new Route 66 and directional signs. A public walk-through was obtained through a new restaurant patio linking Huntington with Parking District 7 3 No.1 . The Agency has assisted the Downtown Merchants Association (ABA) establish a Saturday morning Farmer's Market on First Avenue. The Agency, working with the ABA provided both holiday and year round decorative lights in the Downtown Project Area. A marketing brochure has been prepared. Staff from Monrovia and Arcadia have been working with their respective Chambers of Commerce, hotels and restaurants to create a new joint marketing association. Staff continues to work toward a joint marketing sign for all area hotels. G. Home Savings and Loan Parking Lot Acquisition On December 19, 1996, the Agency took title to this property. The Agency plans to hold this property and maintain it as a public parking facility until such time as permanent development plans are formulated. The City has slurry sealed and restriped this lot. IV. WORK PROGRAM FOR THE COMING YEAR - FISCAL YEAR 1998-99 General Activities - • Process building permit applications through the Agency's design review process. • Conduct public relations activities with developers and the general public. Establish a Web site for Economic Development. Work with City staff on a new geographic Information System in the Project Area. • Conduct a biennial commercial space availability survey and provide the results of the survey to the public, developers and brokers. • 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" sites. • Prepare State required reports, annual budget, special reports to the City Council and Redevelopment Agency Project Specific Activities - • Northside Project (Santa Clara and Second) 8 / t , The Agency will continue to work with the Western Security Bank and their brokers concerning the feasibility of developing the Western Security Bank property. The Agency anticipates development to begin early in 1999 on ICD/Heatflex building, and open by the fall of 1999. • Northwest Corner Project (Second/Huntington) The Agency will seek to close escrow on this site in December, and monitor construction through the opening next summer. • Downtown 2000 The Agency will continue to implement the Business Incentive Program and particularly the CFRP. the Agency will work with the downtown merchants on land use issues, and on improving the Farmer's Market and holiday light program. Continued funding of these programs has been approved. • Business Assistance and Marketing Program A data bank will be established detailing various business sites in the Project Area. Included in the data bank will be owner/tenant profiles, building inventory, zoning and regulatory requirements and statistics, area demographics and market study data. (This will be part of the GIS System) The Agency will contract with the Greater San Gabriel Valley Community Development Corporation for their Business Loan Program. The program will be marketed to the smaller, newer businesses in the Project Area and the City. The Agency will use its updated Economic Development Fact Book and new Marketing Brochure to market the vacant and underutilized properties in the Project Area. • State Relocation Guidelines Update the Agency's Relocation Guidelines to incorporate the new State Regulations. • Utility Undergrounding, 14(20A) Assist City staff process a proposed new undergrounding district along Santa Clara, Santa Anita and Morlan Place. 9 . 1 ? • Fifth Avenue Project The Agency currently has no plans to pursue this development opportunity. However, it remains on the Agency's list of possible development sites should a viable opportunity arise. • Redevelopment Opportunity Sites The Agency will market and seek to obtain quality commercial development on the Foulger Ford, Teledyne, Western Security Bank, Johnson, Angels, and other underutilized or vacant properties. At this time, the Agency is negotiating with REI for a 25,000 square foot store on the former Arcadia Lumber site. • Housing Program and Implementation Plan Update Agency staff will continue to locate a suitable senior housing site. Initial research indicates that a 98,000 square foot site in South Arcadia may be suitable. • Redevelopment Plan Amendment (eminent domain) Prepare a possible amendment to the Redevelopment Plan to extend the power of eminent domain from January 1, 1999 to December 31, 2010. • South Arcadia Plan Amendment Research the feasibility of amending part or all of the South Arcadia business district into the Central Redevelopment Project Area. • Agency Owned Properties The Agency is required to list properties it owns: - 4 acre site (99 & 199 N. Second) at Northwest Corner (NWC) of E. Huntington Drive and N. Second Ave. — Hotel project to open in 1999. - 166 E. Huntington Drive (Outback Steakhouse) per 1995 Disposition and Development Agreement (Lease/Buy) — 56,000 sq. ft. parcel at Southwest Corner (SWC) of Huntington & Second. - 16,000 sq. ft. parking lot (117-121 E. Alta St. — Formerly owned by Home Savings & Loan — possible affordable housing site. 10 V. HOUSING SET ASIDE Detailed figures on housing set aside funds collected by the Agency and their expenditure are available in the 1996-97 Annual Report of Housing Activity (Exhibit D). Since 1987, the Agency has made annual findings that it has been unable to set aside funds for low and moderate housing due to existing Agency programs, projects and obligations. Beginning in FY1996-97, the Agency is required to make the required 20% set-aside payment into the Low and Moderate Housing Fund (the " Fund" ). The Agency audit reflects that $520,000 was deposited into the Fund for the period covered in this report. The Agency currently has $1 ,100,000 on deposit. The Agency will continue to make payments into the Fund in future years. The total balance owed to the Low and Moderate Income Housing Fund as of June 30, 1997 is $4,045,715. On October 21 , 1996, the Agency adopted Resolution No. ARA-178 (Exhibit E) which amended its Low and Moderate Income Housing Fund repayment plan. Under the amended repayment plan, the Agency will defer all payments on its outstanding Fund obligations until the year 2014. Beginning in 2014, the Agency will pay all tax increment not otherwise obligated to repay-the Fund. 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. VII. LEGISLATIVE RECOMMENDATIONS That redevelopment agency funds not be used to balance the State budget (e.g., ERAF), and that those funds which were taken by the State in previous years be returned. VIII. FISCAL STATEMENT The following reports are included herein as exhibits: Exhibit D - Housing Activity Report to HCD Exhibit F - Annual Report of Financial Transactions 11 IX. FINANCIAL AUDIT The Agency's annual audit conducted by Lance, Soli and Lunghard as well as the Compliance Audit Letter is included here as Exhibit G. The Agency's Annual Statement of Indebtedness is included as Exhibit H. • • 12 • , ANNUAL REPORT OF HOUSING ACITVITY OF COMMUNITY REDEVELOPMENT AGENCIES FOR FISCAL YEAR ENDED 6 / 30 / 98 Agency Name and Address: County of Jurisdiction: Arcadia Redevelopment Agency Los Angeles P.O. BOX 60021 ARCADIA, CA 91066-6021 Redevelopment agencies must report annually on their housing activities and maintenance and use of the Low&Moderate Income Housing Fund(Health and Safety Code Section 33080.1). A copy of this report must be filed with the Department of Housing and Community Development(HCD)(Section 33080.3). HCD must compile and publish annually a report of redevelopment agencies' housing activities(Section 33080.6). 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? 1 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 during the reporting period? Yes. Prepare and submit one copy of SCHEDULE HCD-B for the agency. XX No. Do not submit Schedule HCD-B. 3. Did the agency have any adopted project areas, or any funds in the Low&Moderate Income Housing Fund during the reporting period? XX Yes. Prepare and submit one copy of SCHEDULE HCD-C for the agency. 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 the HO)Schedule(s) submitted herewith are true and correct. • 12/IS1P Dail ignature of Authorized Agency Representative Don Penman Deputy Executive Director/Development Services Director Title (626) 574-5414 Telephone Number • HCD-Cover 7/98 Page 1 of 1 EXHIBIT D - Annual Report of Housing Activity (BCD) • SCHEDULE HCD-A Project Area Activity for Fiscal Year Ended 6 / 30 / 98 Agency Name: Arcadia Redevelopment Agency Project Area Name: Central prepares Name,nary eter Kinnahan, Econ.Devel_Admin. pare r's Telephone No: (626) 574-5408 • General Information 1. a. Year plan for project area was adopted: 73 Current expiration of redevelopment plan: 1 /25 / 14 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: N/A ea d. Year(s)real property was: (1.) added: N/A (2.) removed: • 2. Project areas adopted,and areas added by Rmendment,after 12/31/75 are subject to section 33413. All other project areas are subject to Section 33413(a),effective 1/1/96,with respect to housing activity specified in Section 33413(d). An agency may elect to make all or part of section 33413 apply to a project area for which a plan was adopted before 1/1/76. If the redevelopment plan for the subject project area was adopted before 1/1/76,and the agency has elected to apply all or part of section 33413,provide the date and scope of the resolution.Date: / / Scope: Project Area Housing Fund Revenues 3. Report all actual revenues from this project area which accrued 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" (line 3k., below)if this project area is named as beneficiary in the authorizing resolution. Any other revenue types not reported on lines 3a.-3j.,should also be reported on line 3k. To determine the Tax Increment Deposit to the Housing Fund,enter the full 100%of gross tax increment allocated(prior to any pass through),calculate 20%of gross tax increment,then subtract the exempted or deferred amounts. Reductions for debt service should be reported on Schedule HCD-C. a. Tax Increment: 100%of Gross(line 1E): S 20%of Gross: $527939 Amount Exempted: ($ 0 ) (complete question#4) Amount Deferred: ($527939 ) (complete question#5) Tax Increment Deposit to Housing Fund: $ 23414 b. Interest Income(line S C): $ c. Rental/Lease Income(lines 6 C+7 C): $ d. Sale of Real Estate(line 8 C): $ e. Gain on Land Held for Resale(line 8.1 C): $ f. Grants(lines 9 C+10 C): $ g. Bond Administrative Fees(line 11 C): $ h. Deferral Repayments: $490877 i. Loan Repayments: $ j. Debt Proceeds(line 39 C): k. Other Revenue(Specify) $ 1. Total Housing Fund Deposits for this Project Area $514791 (add 3.a-k,above): • If less than 20%is being set aside in this project area in accordance with Section 33334.30, indicate the actual gross percent here ( %), enter the dollar amount in 3a. "20% of Gross:" line above, and identify the project area(s) contributing the dii Terence. Note: Dollar amounts for items 3a.-3g.and 3j. (where a line number is noted in parentheses)can be taken directly from that line number on the State Controller's Annual Report of Financial Transactions of Community Redevelopment Agencies,Project Area Income Statement. HCD-A 97/98 Page 1 of 6 Agency Name: Arcadia Redevelopment Agency Project Area Name: Central Exemption(s) 4. a. If you are claiming an exemption from making the minimum 20%set-aside, 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 lower or 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 before May 1, 1991 requiring continued use of this funding. Other: Specify code section,reasons: b. When was the ne scary finding(s)adopted? (Show month/day/year.) / / Pursuant to Section 33334.2(b),attach copies of the findings adopted for this reporting period in accordance with item 4. above,if you have not previously submitted them to the Department. Deferral(s) 5. a. If you are deferring the set-aside,indicate the reason(s). Check the appropriate Health and Safety Code Section designation. Section 33334.6(d): Project was adopted before 1977 and tax increments are needed to meet existing debts. Other: Specify code section,reasons: b. When was the necrscary findings)adopted? (Show month/day/year.) / / c. A deferred set-aside pursuant to Section 33334.6(d)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 dpring this fiscal year and cumulatively: Fiscal Year Amount Deferred Amount of Prior FY Cumulative Amount During FY Deferrals Repaid Deferred(Less Any During FY Amount Repaid) 96/97 { - s€ I s: , �: :z a>. t <` f> r ;;:i $4,045,715 }t!RC<:ck>�..,.3.a:s??�:':G:u.:£TNT:.2itY.avc ::a �°.....>v�.&'�>y:5�..3Yy'F:caC�: 97/98 S S $4,045,715 * °The cumulative amount of deferred set-aside should also be shown on Line 8b of Schedule HCD-C. If the FY 96/97 cumulative deferral shown here differs from what was reported on the last HCD report,indicate the amount of and the reason for the difference: d. Section 33334.6(g)requires any agency which defers set-asides to adopt a plan to eliminate the deficit in subsequent years. If this agency has deferred set-asides,has it adopted such a plan? Yes XX No e. If yes,by what date is the deficit to be eliminated? 10 /21 / 96 - Pursuant to Section 33334.6(f)(2),attach copies of any findings adopted in accordance with item 5.above for this reporting period if you have not previously submitted them to the Department HCD-A 97/98 Page 2 of 6 Agency Name: Arcadia Re4 Lopment Agency Project Arra Name• itral Housing Units Lost and Households Displaced 6. 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 Total No.Lost Number Lost Not and Type Displaced (Removed or Required to be Destroyed) Replaced Units/Bedrooms Units/Bedrooms• Total Very Low 0 U / u / Subtotal Elderly Subtotal Other Total Low 0 0 / 0 / Subtotal Elderly Subtotal Other Total Moderate 0 U / u / — Subtotal Elderly Subtotal Other • Total Above Moderate U 0 / 0 / Subtotal Elderly Subtotal Other •Destroyed units which were vacant but, if occupied,reasonably would be expected to be occupied by lower or moderate income households should be replaced. 7. 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 Very Low 0 Low 0 Moderate 0 Above Moderate 0 HCD-A 97/98 Page 3 of 6 Agency Name: Arcadia Redevelopment Agency Project Area Name: Central Current HousineActivity 8. Pursuant to Section 33080.4(a)(4)and(5),report(by project name)the number of affordable units constructed,substantially rehabilitated,or for which affordability covenants were acquired,in this project area,during the reporting period. Report only those units,within specific development projects,that are subject to a regulatory agreement in accordance with Section 33334.3(0(2). Report all such units assisted by the agency or by persons or entities other than the agency. Report only those units that were completed(available for occupancy)during the reporting period. Also specify whether the units are being used to satisfy an inclusionary housing requirement in accordance with Section 33413(b)(1)or(2),a replacement housing need in accordance with Section 33413(a),or are otherwise use restricted. Project Project Type Total Units Assisted Income Croups Targeted Household Type Replacement Inclusionary Units Provided Other Units Use Res Units Termination Name Rent ONVn New Cons.' Sub Rehab! Cov.Acq.s Very Low Low Moderate -Elderly Other Provided• Agency Dev.s Other Dev.6 Provided./ Date Sample Project R 80 40 40 80 80 6/1/40 N/A Note: Units reportedly used to meet an inclusionary requirement(project area production)may not also be used to meet a replacement housing need(Section 33413(b)(3)). New Construction. Substantial Rehabilitation(see Section 33413(b)(2)(A)(iii)and(iv)for a definition). s Affordability Covenant Acquisition(see Section 33413(b)(2)(B)for a definition). 4 New construction or rehabilitation in accordance with Section 33413(a). s Agency developed units per Section 33413(b)(1). 6 Units developed by persons or entities other than the agency(but may have included agency assistance)per Section 33413(b)(2). Agency assisted construction or substantial rehabilitation not used to meet inclusionary or replacement housing requirements per Section 33334.3(0. I Use restriction terms should correspond to Sections 33413(c),33413(b)(2)(C),33334.3(0 or 33334.13 as applicable. HCD-A 97/98 Page 4 of 6 • , • Agency Name: Arcadia Red, °bopment Agency project Area Name. C` ' al J Current Housior Activity 9. 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 or use restrictions. Do am report the same units or households in more than one column. Do»im report any of the same units reported in item 8,on the previous page. Household Income Mobilehomes Units Rehabbed Households Households Other Maintained (not substantial) Receiving Rental Received Home- Households Assistance or ownership Assisted Subsidies Assistance (Specify) Very jaw 0 0 0 0 0 Low 0 0 0 0 0 Moderate 0 0 0 0 0 Above Moderate _ 0 0 0 0 0 10. Pursuant to Section 33080.4(a)(10), report the number of units to be constructed in the project area (with agency assistance), 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 item 8 or 9,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 11. Pursuant to Sections 33080.4(a)(7)and 33418,provide an inventory of all housing projects or units,affordable to lower or moderate income households,in the project area,which have been developed or made available pursuant to any provision of the Community Redevelopment Law. Use the form on page 6 to report all housing projects or units. If a complete inventory for the previous year was submitted,use page 6 to report any additions or corrections to that inventory. HCD-A 97/98 Page 5 of 6 • Agency Name: Arcadia Redevelopment Agency Project Area Name: Central Inventory of Housing Units in Project Area . with Restrictions on Occupancy or Affordability Pursuant to Recorded Agreements,or Conditions,Covenants and Restrictions for Fiscal Year Ended 6 /30 / 98 Project Total No. Units Reserved Units Restricted Units Occupied by Financing! Earliest Type Project Name! Owner Name/ Units in for Elderly by Income Only Ineligible Households Subsidy Afford. O/R° Address Address Project VL. L M AM VL L M AM VL L M Elderly Sources** Term Date _ Not Applicable TOTALS: Specify Owner or Rental Project "Abbreviations for financing or subsidy sources: RDA=redevelopment agency HCD=CA Dept.of Housing&Comm.Dev.(specify program) HUD fi=Housing and Urban Development construction or rehab.program(list program number) CHFA=Calif.Housing Finance Agency HUD V or C=HUD Section 8 Voucher or Certificate subsidy,respectively MRB=local Mortgage Revenue Bonds FmHA ft=Farmers Home Administration program number(list program number) DB= local Density Bonus provided CDBG=federal Community Development Block Grant PRIV=private source(e.g.,foundations,corporations) UDAG=federal Urban Development Grant OTH=any other source(explain in a footnote) HCD-A TAXC=federal Tax Credits Page 6 of 6 I ■ SCHEDULE HCD-B Activity Outside Project Areas for Fiscal Year E�need 6 / 30 / NONE Agency Name: Arcadia Redevelopment Agency Preparer's Name,Tide:Pete Rinnahan,Econ.Devel.Admin. Preparer's Telephone No: (626) 574-5409 Pursuant to Health&Safety Code Section 33334.2(g)agencies may use Housing Funds to assist housing affordable to lower and moderate income households outside of an adopted project area(i.e.,outside the project area providing the funding assistance),but within the jurisdiction. Report here on the agency's housing activities conducted during the reporting period which occurred outside of an adopted project area(even if the activity was within another adopted project area). This information should not be reported in Schedule HCD-A. Housing Units Lost and Households Displaced 1. Pursuant to Sections 33080.4(a)(1)and(a)(3),report the number of dwelling units and bedrooms destroyed or removed;the number of those units and bedrooms the agency is not required to replace;and the income category and type of households displaced from outside of project areas during the fiscal year. Household Income Households Total No.Lost Number Lost Not and Type Displaced (Removed or Required to be Destroyed) Replaced Units/Bedrooms Units/Bedrooms• Total Very Low / / Subtotal Elderly • Subtotal Other Total Low / / Subtotal Elderly Subtotal Other Total Moderate Subtotal Elderly Subtotal Other - Total Above Moderate / / Subtotal Elderly Subtotal Other •Destroyed units which were vacant but,if occupied,reasonably would be expected to be occupied by lower or moderate income households should be replaced. 2. As required in Section 33080.4(a)(2), estimate the type and number of households,by income category, to be displaced outside of each project area providing funding assistance during the next reporting period(the current fiscal year): Income Level Total Households Subtotal Elderly Subtotal Other Very Low Low Moderate Above Moderate HCD-B 97/98 Page I of 4 Agency Name: Current Housing Activity 3. Pursuant to Section 33080.4(a)(4)and(5),report(by project name)the number of affordable units constructed,substantially rehabilitated,or for which affordability covenants were acquired,outside of adopted project areas,during the reporting period. Report only those units,within specific development projects,that are subject to a regulatory agreement in accordance with Section 33334.3(0(2). Report all such units assisted by the agency or which the agency has caused by regulation or agreement to be affordable to lower or moderate income households. Report only those units that were completed(available for occupancy)during the reporting period. Also specify whether the units are being used to satisfy an inclusionary housing requirement in accordance with Section 33413(b)(l)or (2),a replacement housing need in accordance with Section 33413(a),or are otherwise use restricted. project Project Type Total Units Assisted Income Groups Targeted Household Type Replacement Incluslonary Units Provided Other Units Use Res Units Termination Name Rent Own New Cons.' Sub Rehab! Cov.Acq.3 Very Low Low Moderate Elderly Other Provided' Agency Dev.' Other Dev.' Provided' Date' Sample Project R 80 40 40 80 40 6/1/40 Note: Units reportedly used to meet an inclusionary requirement(project area production)may not also be used to meet a replacement housing need(Section 33413(b)(3)). I New Construction. 2 Substantial Rehabilitation(see Section 33413(b)(2)(A)(iii)and(iv)for a definition). 2 Affordability Covenant Acquisition(see Section 33413(b)(2)(B)for a definition). 'New construction or rehabilitation in accordance with Section 33413(a). s Agency developed units per Section 33413(b)(I). s Units developed by persons or entities other than the agency(but which the agency has caused to be affordable)may only be counted on a 2-for-1 basis per Section 33413(b)(2)(A)(ii). 'Agency assisted construction or substantial rehabilitation not used to meet inclusionary or replacement housing requirements per Section 33334.3(0. 'Use restriction terms should correspond to Sections 33413(c),33413(b)(2)(C),33334.3(0 or 33334.13 as applicable. HCD-B 97/98 Page 2 of 4 i . Agency Name: 4. Pursuant to Section 33080.4(a)(4),report by income level all other units or households assisted outside project areas during - the reporting period,which have occupancy or use restrictions. Do not report the same units or households in more than one column. Do BA report any of the same units reported in item 3,on the previous page. Household Income Mobilehomes Units Rehabbed Households Households Other Maintained (not substantial) Receiving Rental Received Home- Households Assistance or ownership Assisted Subsidies Assistance (Specify) Very Low Low Moderate Above Moderate • S. Pursuant to Section 33080.4(a)(10),report the number of dwelling units to be developed outside adopted project areas(with agenry assistance)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 3 or 4,above. Name of Contract or Agreement Execution Est.Date of Numbers of Units to be Built Date Completion Total Very Low Law Mod Other 6. Pursuant to Sections 33080.4(a)(7)and 33418,provide an inventory of all housing projects or units,affordable to lower or moderate income households,outside of adopted project areas,which were developed or otherwise made available pursuant to any provision of the Community Redevelopment Law.Use the form on page 4 to report all housing projects or units. if a complete inventory for the previous year was submitted,use page 4 to report any additions or corrections to that inventory. HCD-B 97/98 Page 3 of 4 Agency Name: Inventory of Housing Units Outside Project Area with Restrictions on Occupancy or Affordability Pursuant to Recorded Agreements,or Conditions,Covenants and Restrictions for Fiscal Year Ended / / Project Total No. Units Reserved Units Restricted Units Occupied by Financing/ Earliest Type Project Name/ Owner Name/ Units in for Elderly by Income Only Ineligible Households Subsidy Afford. O/R' Address Address Project VL L M AM VL L M AM VL L 4 Elderly Sources** Term Date • • TOTALS: *Specify Owner or Rental Project "Abbreviations for financing or subsidy sources: RDA=redevelopment agency HCD=CA Dept.of Housing&Comm.Dev.(specify program) HUD N=Housing and Urban Development construction or rehab.program(list program number) CHFA=Calif.Housing Finance Agency HUD V or C=HUD Section 8 Voucher or Certificate subsidy,respectively MRB=local Mortgage Revenue Bonds FmHA#=Farmers Home Administration program number(list program number) DB= local Density Bonus provided CDBG=federal Community Development Block Grant PRIV=private source(e.g.,foundations,corporations) UDAG=federal Urban Development Grant 0111=any other source(explain in a footnote) HCD-B TAXC=federal Tax Credits Page 4 of 4 SCHEDULE HCD-C Agency-wide Activity for Fiscal Year Ended 6 / 30 /98 • Agency Name: Arcadia Redevelopment Agency Preparer's Name,Title:Peter Kinnahan,Econ.Devel.Admin.Preparer's Telephone No: (626)574-5409 Preparer's Facsimile: (626) 447-3309 Preparer's E-Mail Address: 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 Cash and Investment Balance (Should equal Line 4,"Net Resources Available"from last year's HCD-C form): S 0 If Beginning Balance is not the same ag Line 4 from Schedule HCD-C for FY 96/97,indicate the amount o1 and reason(s)for,the difference: 2. Revenues: a. Total Receipts From Project Areas: (Sum of amount(s)from line 3.1.on Schedule HCD-A(s)): S 514291 b. Other revenues not reported on Schedule HCD-A(s) (Specify: ): S 3. Subtotal of Expenditures and Uses(combine a.-I.below): (g (NOTE: The line items below were expanded to include specific line items from the State Controller's Annual Report of Financial Transactions of Community Redevelopment Agencies,to facilitate preparation of the report. However, always refer to the Community Redevelopment Law to determine the appropriateness of these expenditures from the Low&Moderate Housing Fund.) a Property Acquisition Acquisition of Property/Building Sites(33334.2(e)(1)): S Housing Acquisition(33334.2(e)(6)): S Acquisition Expense(Line 20c): . S Operation of Acquired Property(Line 21c): S Relocation Costs(Line 22c): S Relocation Payments(Line 23c): S Site Clearance Costs(Line 24c): S Disposal Costs(Line 26c): S Loss on Disposition of Land Held for Resale(Line 26.1c): S Decline in Value of Land Held for Resale(Line 26.2c): S Other(Specify) • S • b. Housing subsidies(33334.2(e)(8)): le Time Homebuyer Down Payment Assistance: S Rental Subsidies: S Other(Specify) • S HCD-C 97/98 Page 1 of 5 Arcadia Red lopmcnt Agency Agency Name: - c. Debt Service(33334.2(e)(9)): Debt Principal Payments: Tax Allocation,Bonds&Notes(Line 33c): S Revenue Bonds&Certificates of Participation(Line 34c.) S City/County Advances&Loans(Line 35c): S U.S.State&Other Long-Term Debt(Line 36c): S Interest Expense(Line 29c): S Debt Issuance Costs(Line 31.1c): S Other(Specify) • S, d. Planning and administration costs(33334.3(e)(1)): Administration Costs(Line 14c): S • Professional Services(not project based)(Line 15c): S Planning,Survey/Design(not project based)(Line 16c): S Indirect Nonprofit Costs(33334.3(e)(1)(B)): S Other(Specify) • S • e. On/Off-Site Improvements(33334.2(e)(2)): f. Housing Construction(33334.2(e)(5)): S g. Housing Rehabilitation(33334.2(e)(7)),(Line 27c): S h. Maintenance of Mobilehome Parks(33334.2(e)(10)): S i. Preservation of At-Risk Units(33334.2(e)(11)): S j. Other(Specify) . : S Transfers Out:The specific use of transferred funds should be reported in items a j,above. Note: Dollar amounts for items 3a,3c.,3d,and 3g.(where a line number is noted in parentheses) can be taken directlyfrom that line number on the State Controller's Annual Report ofFinancial Transactions of Community Redevelopment Agencies,Consolidated Income Statement. 4. Net Resources Available(End of Year[1.+2a.+2b.-3.1): $ 510,077 5. Total Encumbrances(End of Year)-see Section 33334.12(g)(2)for a definition. (Amount of line 4 encumbered per agreement or contract): (S 1 6. Unencumbered Balance(End of Year[4.-5.]): Enter this amount here and on line 9b.1 S 510,07 7 7. Unencumbered Funds: a. Unencumbered Designated(portion of line 6) S b. Unencumbered Undesignated(portion of line 6) $ 510,07 7 8. Other Housing Fund Assets(not included on Line 4,above): a. Value of Land Purchased Housing Funds and Held for Development of Affordable Housing: S_ b. Indebtedness for Set-asides Deferred(Sec.33334.6): $4,573,654 c. Loans Receivable for Housing Activities: S d Residual Receipt Loans S e. Other Assets(Specify) • S 9. Net Resources Available(End of Year) plus Other Housing Fund Assets(4.+8a.through 8e.): S 1 • HCD-C 97/98 Page 2 of 5 ■ Arcadia Rede= `•tipment Agency Agency Name: Excess Surplus 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$1,000,000 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 debt proceeds or the difference between the sales price of land for affordable housing and its fair market value. 9.a. Fill in the following table to calculate and track your agency's excess surplus amounts for each fiscal year since FY 93/94. Fiscal Total Tax Sum of Tax Total Excess Surplus Amount Expended Remaining Year Increments Increments in Unencumbered and Encumbered Excess Surplus, Deposited in Housing Fund from Balance in Housing against Excess for each FY,as of Housing Fund Previous Four FYs Fund at End of FY* Surplus,for each 6/30/98 FY,as of 6/30/98 93-94 $ 0 gaFfj1 $ $ $ 94-95 0 ... a A Itr ,.,:=is;...... 95-96 $ 0 \ :. y,0 '2;. a',; 96-97 $ 490,877 ?of:.•,;>y '.:\; ' a'e:.° stsy%a >'c`'i�:�'�> ._:5,3;� .':rafts"s :ter... 97-98 �;:,r�,,,,:.;za ,•.�� 4 8 tea' >�:<�< y.x;, /..:• .k'`�?;r.cua��az.,..�; S 90, 77 $ 510,077 $ ::s�^ ::a. .�:;>�` :�a��.o,,,*��. /:'�S Rte., � Yv �?:,.. R:<' �fj,�-�: Unencumbered balance for FY 97-98 should equal item 6 on previous page unless adjustments are made per 9.b.,below. b. Are you eligible to adjust the total unencumbered balance? If yes,identify the type and amount of the adjustment below: 1. Unencumbered balance from line 6 on previous page: $ 2. Adjustments: Debt Proceeds(33334.12(g)(3)(B): ($ ) Land Sales(33334.12(g)(3)(A): ($ ) 3. Adjusted Balance: Enter this amount in the"Total Unencumbered Balance in Housing Fund at End of FY" column, for FY 97-98(above). S c. If you reported an excess surplus for the current fiscal year,briefly summarize the agency's plan (authorized in Section 33334.10)for encumbering or expending that amount: :. If plan described in 9.c.was adopted,give adoption date: / / HCD-C 8 Page 3 of 5 Arcadia Rede pment Agency Agency Name: • Misc,Uses of Funds 10. Pursuant to Section 33080.4(a)(6),report the total number of very low-, low-, and moderate-income households directly benefited by expenditures for onsite/offsite improvements. which resulted in new construction, rehabilitation, or the elimination of health and safety hazards. (If line 3e. of this schedule does not show expenditures for improvements,no units should be reported here.) Income Level Construction Rehabilitation Health and Safety Duration of Deed Restriction Very Low 0 0 0 0 Low 0 0 0 0 Moderate 0 0 0 0 11. If the agency is holding land for future housing development(see line 8a,above),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. 12. 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%% 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 II 13. Section 50836(b)allows redevelopment funds to be used as matching funds for federal HOME or HOPE program support. Did the agency use any redevelopment funds for this purpose during the reporting period? Yes_ No_ Not Applicable II If yes,please indicate the amount of housing funds,and/or non-housing funds,that were used for either HOME or HOPE program support. Housing Funds used: HOME S HOPE S Non-housing funds used: HOME S HOPE S 14. 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 97/98 Page 4 of 5 ` Agency Name: Arcadia Rede - pment Agency Achievements 15. On a separate sheet of paper,please briefly describe one outstanding or innovative project,practice,or program the agency participated in during this reporting period to increase,.improve or preserve the community's affordable housing supply. Please provide the following information along with the program or project description: a. Name of Project or Program: b. Description: No.and type of units provided: Resident incomes: Services provided: Agency funding provided: Financing arrangements: c. Agency's Role: Nature and extent of the Agency's role: Financial participation in the project or program: • d. Brief History: Housing need or problem addressed: Successful aspects: Unusual features: Problems encountered: Lessons learned: e. Contact Person and Telephone Number: The following year,several agencies will be selected to receive a"Director's Award for Housing Development Excellence". This new award will highlight the important role of redevelopment agencies in addressing California's housing problems. Agencies will be selected based upon the description of an exemplary project or program and in consideration of the leadership role of the agency,the creativity or innovative nature of the project or program,and the overall merit of the project or program in addressing an identified housing problem or need. 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 80% 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 effectively use its Housing Funds to increase,improve,and preserve affordable housing/ HCD-C 'r/98 Page 5 of 5 EXHIBIT "E" Resolution No. ARA-178 (Adopted - October 21 , 1996 A RESOLUTION OF THE ARCADIA REDEVELOPMENT AGENCY OF THE CITY OF ARCADIA, CALIFORNIA, ADOPTING A "LOW AND MODERATE INCOME HOUSING DEFICIT FINANCING PLAN" Available for review in the Redevelopment Agency Offices. ANNUAL REPORT OF FINANCIAL TRANSACTIONS COVER SHEET TO:!MAT*CONTROLLER OF COMMUNITY REDEVELOPMENT AGENCIES PAGE 1 0 1 0 DIVISION OF ACCOUNTING AND REPORTING STATE USE ONLY LOCAL GOVERNM ENT REPORTING SECTION COUNTY Los Angeles I I I I I REDEVELOPMENT REPORTING SECTION MAILING ADDRESS (PLEASE AFFIX MAILING LABEL AND CORRECT IF NECESSARY) P.O.BOX 942850 AGENCY NAME SACRAMENTO,CA 94250-5876 ARCADIA REDEVELOPMENT AGENCY STREET ADDRESS OR P.O.BOX EXPRESS MAIL ADDRESS: P.O. Box 60 3301 C STREET, SUITE 700 CITY STATE Ti?CODE SACRAMENTO,CA.95816 Arcadia Ca. 91006 PHONE EXTENSION PI oNE(916)445-5153 (626) 574-5400 . STATE USE ONLY LOCATION: (STREET ADDRESS) (IF DIFFERENT FROM ABOVE • FISCAL YEAR ENDED BATCH NO Same ABOVE) June 30, 1998 CITY STATE DUE WITHIN SIX MONTHS OF THE REVIEWED ZIP CODE VIEWED Same Ca. 91006 AGENCY'S FISCAL YEAR END AGENCY ORGANIZATION GOVERNING BODY MEMBERSHIP CLEARED X REDEVELOPMENT AGENCY(1I&S CODE 33100) BOARD OF SUPERVISORS COMMUNITY DEVELOPMENT COMMISSION X CITY COUNCIL OTHER (II&S CODE 34110) MEMBERS OF THE GOVERNING BODY REPORT PREPARED (CONTACT PERSON) PHONE - (CONTACT PERSON) BY: Michael K. Chu (714) 672-0022 CHAIRPERSON MEMBER STREET ADDRESS GARY A. KOVACIC 203 N. Brea Blvd. Suite 203 MEMBER MEMBER CITY STATE ZIP CODE ROGER CHANDLER Brea Ca. 92821 MEMBER MEMBER SIGNATURE OF EXECUTIVE DIRECTOR ROBERT C. IIARBICHT DATE MEMBER MEMBER NAME TITLE GAIL A. MARSHALL William R. Kell Executive Director MEMBER MEMBER FIRMN� INDEPENDENT AUDITOR GINO RONCELLI AGENCY OFFICIALS Lance,Soll & Lunghard EXECUTIVE OFFICER PHONE CONTACT PERSON William IL Kelly (626)574-5400 Michael K. Chu ( - (CONTACT PERSON) (7714)14)672-0022 FISCAL OFFICER PHONE STREET ADDRESS James Dale (626)574-5400 203 N. Brea Blvd. Suite 203 SECRETARY PHONE June D. Alford CITY ZIP CODE (626)574-5400 Brea Ca 92a. 92 821 21 ACCT-1.CJR5 80(REV 7196) iii ANNUAL REPORT OF FINANCIAL TRANSACTIONS OF COMMUNITY REDEVELOPMENT AGENCIES PAGE 0 _ 2 ACHIEVEMENT INFORMATION (UNAUDITED) FISCAL YEAR ENDED June 30, 1998 AGENCY NAME ARCADIA REDEVELOPMENT AGENCY INDICATE ONLY THOSE ACHIEVEMENTS COMPLETED DURING THE FISCAL YEA OF THIS REPORT AS A DIRECT RESUL OF THE ACTIVITIES OF THE REDEVELOPMENT AGENCY. ENTER THE AMOUNT OF SQUARE SQUARE FOOTAGE COMPLETED 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 AS NEEDED. SEGREGATED BY NEW OR NEW PLEA.S'E BE SPECIFIC,AS TIIIS INFORMATION WILL BE THE BASIS REHABILITATED CONSTRUCTION. CONSTRUCTION REHABILITATED FOR POSSIBLE INCLUSION IN TILE PUBLICATION. 55,000 COMMERCIAL BUILDINGS 1 - Extended Stay America Hotel - 3 story, INDUSTRIAL BUILDINGS 2 122 room, 55,000 sq. ft. PUBLIC BUILDINGS 3 - Commercial Facade Rehab Program (Rebate) OTHER BUILDINGS 4 FY 97 - 5 merchants, $48,230. Total TOTAL S•UARE FOOTAG 5 FY 98 6 m merchants, $85,000.000. Tot al ENTER THE N UMBER OF JOBS CREATED FROM THE A CTIVITIES A ................................... OF THE AGENCY,EITHER 30 ACTUAL OR ESTIMATED I 6 ENTER THE APPROPR IATE CODES �'• E TO INDICATE EACH TYPE OF PUBLIC B IC FACILITY COMPLETED THIS YEAR. •A TYPE COMPLETED - PL TED A F ONLY I 7 A=UTILITIES C=LANDSCAPING E=STREETS & ROADS B=RECREATION D=SEWER&STORM F= BUS/TRANSIT ACCT-LGRS 80 (REV 7/96) ANNUAL REPORT OF FINANCIAL TRANSACTIONS OF COMMUNITY REDEVELOPMENT AGENCIES Page 0 3 AUDIT INFORMATION I. WAS THE REPORT PREPARED FROM STATE USE ONLY I A AUDITED FINANCIAL DATA A. X YES B. n NO AUDIT 1 DID YOU SUBMIT A COPY A. X YES B. NO OPINION 2 OF THE AUDIT? COMPLIANCE 3 II. INDICATE FINANCIAL AUDIT OPINION A. X UNQUALIFIED B. QUALIFIED OPINION 4 C. 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 THE STATE CONTROLLER'S GUIDELINES FOR BELOW THE AREAS OF NON-COMPLIANCE COMPLIANCE AUDITS? ATTACH ADDITIONAL PAGE IF NECESSARY • A. X Yes B. No DID YOU SUBMIT A A. X YES B. NO COPY OF THE AUDIT? IV. INDICATE COMPLIANCE AUDIT OPINION A. X UNQUALIFIED B. El POSITIVE/NEGATIVE NO EXCEPTIONS C. POSITIVE/NEGATIVE D. QUALIFIED WITH EXCEPTIONS E. ADVERSE F. n DISCLAIMER G. COMPLIANCE AUDIT EXPECTED COMPLETION DATE INCOMPLETE ACCT-LGRS 80(REV 7/96) . . . BALANCE SHEET AGENCY NAME ARCADIA REDEVELOPMENT AGENCY PAGE I 0 I_ Flied Year Ended June 30,1998 A Et C D E F G CAPITAL DEBT LOW/MODERATE SPECIAL GENERAL GENERAL ASSETS & OTHER DEBITS PROJECTS SERVICE INCOME IIOUSING REVENUE/OTHER LONG-TERM FIXED TOTAL FUNDS FUNDS FUNDS FUNDS ' DEBT ASSETS (MEMORANDUM ONLY) .............. ....................,..................................... .•CASH&IMPREST CASH 1.0 $ 1,588,689 $ 174,611 $ 507,966 $ - 2271266• CAS I I WITI I FISCAL AGENT 2.0 - 378155 - pMgEEEEMEUMMEMWMO 378,155 TAX UNCR EN I ENT RECEIVABLE 3.0 - 542,494 - EMEMMUM.ffigii:mmffimminimiu 542,494 ACCOUNTS RECEIVABLE 4.0 22500 - : - ...........................................................................„.......„..„........... .":*::.:::5:::: f.'.ff..T 22,500 .if...... f.f.f..f...f.:±.. ACCRUED INTEREST :: ff RECEIVABLE 5.0 2,371 21,434 2,111 - 25,916 ::::::::::::::::::::::::::::::::::i::::::::::::::: UMNS RECEIVABLE 6.0 - - - MMEMOMERWMEEEMMWM CONTRACTS RECEIVABLE 7.0 - - - ,..,.:05,:m%::: :::::::::: : ::::::: .:::::.:. - LEASE PAYMENTS RECEIVABLE 8.0 - - _ _ $ _ : :::::::::::::: ..................................... UNEARNED FINANCE CI LARGE , 9.0 - - - . - ----------- - . DUE FROM CAPITAL ninyiro.:nrm:i.yz:::: 0:::::-.::::::::=m:-.::::: ::::n::::: ::,* PROJECTS FUND , 10.0 - 1,582 . - ffMM ==2::= 1,582 DUE FROM DEBT S ER VICE FUND 11.0 - - 4,045,715 - . ..............................................-.....................-.................-..............,.................................. 4,045,715 .........,..„........„.............. ...................„.............„. DUE FROM LOW/MODERATE INCOME HOUSING FUND 12.0 - - 527,939 . - r ':..i--.:.—:-:!::::.•i:-.i:..i1.•!:::-:--::.i:..!:m-:.!..:.•i-.i..iz.i..i-.i.....—:.:..•::..i,!::.:.::::.:.:::.::.::.::.::.:.:::.:.:-.i..•:.!..•:.:.::—...:.!„:.•:..1....•:..i..i—:..i:..•::..::..:.%...:::.::.: :.. :::::: ..i.!..!:..i:...:::::.:.!ff.1..•:.:.::.::..:.:.:::.::.!:.:.:..i..i...i..i..::.:..::.:..::.:..:::...::.:..::.:.::.:.:.:::.:.:.!:.:.:..•:::..:::::..::: ! 527,93 9 DUE FROM SPECIAL Ei wm! : i . R EVENU DOTI ER FUNDS 13.0 - - - - K .!.: :. • - - . - INVESTMENTS 14.0 - - - - .:::;::;:::;:i:;::::;:iiii;:iiii:ii;iii;:::;::;:i:;:ii:iii:iiiiiii:::. - OTIIER ASSETS 15.0 - - . - - ' . W:::::M-- - INV ESTM ENT-LAND .. HELD FOR RESALE 16.0 6,438,479 _ _ - 6,438,479 -....,..-- ----....-..,,,,,,,.--------........,- ALLDWANCE FOR DECLINE IN VALUE OF IAND HELD FOR RESAI.E 16.1 (1418,000) IiiiiniiiiiqiiiiiiiON:IiIi::::::i: - .. . :00o.:::mUiPm*'..*:TiNiKm (1418000) FIX El)ASSETS: IAN!), :::::00MiggWeiiiNiM:Ngagiiia.giiiiiWnialiiiiiIMMaigNaa;:i:: STRUCTURES&IMPROVEMENTS 17.0 ::::i:::;:::::!:::M:::;:::;:i:::i:i:;:::;::::M:::1:!:::::!:$iiii f;::;;;;;M:::::::::::::iii:::::iiii:::::::iiiiii:iii:a:il!:i:::::::::::i:: :::::::::::;:::::::i:::.1::::::::M::::::: - - - EQUIPMENT 18.0 NEREMOMMOIMiggftWMPWASMANNWOOM - - - AMOUNT AVAHABLE IN DEBT SERVICE FUND 190 ::::i:iiRiiiiii:gin:i::iiii;::;:;:iiiiiiiiii:;:i:::::i:;:i::::::;:iii::;:iill:iii:;:iii1:iiiiiiili:;:;:::;g:;:;:;:ii;:!::1::;:;:;:iiiiii;::!;iiiiiiiiiiiiiiii:i:iiii;iiiiii::::::::;:iii:Iiiiiii: - 379,670 --------------- ..................................... 379,670 .....,..................,...... AMOUNT TO BE PROVIDED FOR PAYMENT OF LONG-TEn DEBT 20.0 W - 9,374,244 :::::::::::::::::::::::::::*:::::::::::::::::::::*:::::::::::::::::::: 9374,244 TOTAL ASSETS & OTHER DEBITS (musr EQUAL PAGE 043,LINE 40) 21.0 $ 6,634,039 .$ 1,118,276 $ 5,083,731 $ - $ 9,753,914 $ - $ 22,589,960 ACCT-LGRS 80(REV 7/96) _ - • BALANCE SHEET AGENCY NAME ARCADIA REDEVELOPMENT AGENCY PAGE FT Fiscal Year Ended June 30,1998 FA— n-3 FF In—) , FE- 1-17' CAPITAL DEBT LOW/MODERATE SPECIAL GENERAL GENERAL LIABILITIES & OTIIER CREDITS PROJECTS SERVICE INCONIE IIGUSING REVENUE/OTHER LONG-TERM FIXED TOTAL FUNDS FUNDS FUNDS FUNDS DEBT ASSETS (MEMORANDUM ONLY) ACCOUNTS PAYABLE 22.0 $ 5275 $ $ - $ . : ::::::. :::igili:iliffi 5 275 INTEREST PAI'ABLE 23.0 - - $ TAX ANTICIPATION NOTES PAIABLE 24.0 - _ ...................................... .................................... ........................................_................................_••• IA)ANS PAYABLE 25.0 - - - ;•.*: ::::::::::::::::::::::::::::::::::::::•5:::i:: ::::::;.::::::::1::::::::::::::::::::::::::::::::::::::::i::::::::::::::::::::::::::::::::::::: OTIIElt 1.1A1111JTIES 26.0 50 000 - _ ;::::::::::::::::::.:::::::::::::::::::::::::•::::::::::;:.;::::::::::::::::::::::::::;:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::*::::::::: . 50000 Du E TO CAl'ITAL l'Itt)JECTS FUND 27.0 - - - - ........................................................................,........... ...„.........„.......„.„.„.„.................„.„.......„......„...............,........................„.„.„.„........... ••••••••••••••••••••••••••••••••••••••• ••••••••••••••••••••••••••••••••••••• DUE TO I)EBT SEItVICE FUND _28.0 1,582 - - 1 582 ....................................... ....................... .. ..... DUE TO LOW/MODERATE "•""""'"""'"""-----• """'"""y"''"'''''''''"''"" INCON1E HOUSING FUN') 29.0 - 4,573,654 - - 4573654 DUE TO SPECIAL ItEN'ENUFJOTIIER FUND 30.0 - - - - ........................................................................................................................ TAX ALLOCATION ..............................................................,.....................—........................••••...........„............... ..................................--.............,.........., .......................................,................ 11()NI)S PAYABLE 31.0 ::::::::::::::::::::::::::::::.i:i.:i.::::::::::::::::::::::::::::::::::.p.::::::::Ri.:::::::::::g4:::::::::::::::::::::::::::0::::::::::::g.:::::::::::::i:::::::::fii:::::::::::•::::::::':::::::::::::::::::::::::::::::::::::::::::::::iiii:. _ 3,210000 ::;:::i;:ii::::::::•.:::::i:::::::::i:::::::::::::::::::::::::::::::::::::;:if::::::::: 3 210000 LEASE REVENUE BONDS/CERTIFI- CATES OF l'ARTICIPATION PAYABLE 32.0 •:::::::::::i.iii.:::::a::::::::::::::::::::::::::•::i::::::::::::M1;r::':::::::::::::::::::::::::i:::::::::::;::::::::::::::::::::::::::::::::::::::::::::::::::::::: :::::::::::::ii:Ef:::::::::::::M::::::::::: - ..................................... ................................,............,......................... ..................................... - ............................ .... ..................................... ()TI 1ER LONG-TE11111 DEBT .33.0 ::::::::::::::::: :E:::::::::::::::::E::::::::::::::::::::g:::M::•:•::i:::i:::::::::::::::Mi::::ii::::::::::::::::10:::::::::1:::*:::::::::•ii:::::::::::M.:::::::::::::::::::iiiMi:i:i:iii:i:iiiiiii:!: - 6,543,914 6,543 914 ..;-,::...i;:::::::::::::::::..,..:.-:-:::•:,:•:-:- TOTAL LIABILI'l'IES -. & OTII ER CREDITS 34.0 $ 56857 $ 4,573,654 $ $ - $ 9,753914 '.•:;:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: 14 384425 ........ ......................................................................................................................................... .......................„.....•••••••••••,••••••••••••••••••••••••••••••••••••••••••••______.... ••••••••••••........• ......... .............. .........................................................................................................................................„ ................„.....•••••••••••••••••••••••••••••••••„•-•••••••••••••••••••-••••••••••••• •••••....................................... .......... ........... .............................................................................................................................„..........•... •••••...._.•........•••_••••••••••••••••.......................••••••••••••••••••...... ..••.._•._.... ..... .............. ....................................................................................................................................................... ...„........................•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••„„„ ....... ........... ....................................................................................................................................................,...............................„...______.„................„____.„...........„___„.____„--...............••••„..........„..........„............. ••••••••••••••••.„.„.•••••••••••••••••••••••••••••.„.„.•••••••-•••••.-.•••,•••••••••••••••••-••••-••••••••••••••••••••••-•••••-•-•••••••••••••-••••_•_•••••••..........••••••.••.•••.••••••••••.._•••••-•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••.•••••••••••••••••••••••-•••••••••••••••••••••••••••••••••••••••••••••••••••-••••••••••••••••••••••• EQUITIES .........................................,.............................................................................................................................................................................................................„................................................................................... ...............................................................................„............................................................................................................................................................................................................................................ """"". "."".""""""""•"""""."""•"".--.."".""-"""".""-""-".""."...--........"...."""."""""•"""""...""-"."".""""-"".....•"".""•"-----".•".-""".-""-•".••""""--""-.."".."•"....-...."--- ........... .............•••.............••.•...........••................•.............................................................................••„•••.........................••„••„•••••••••••.•••••••••••••••••••••••-•-••••••••..•••••••••.......••••••„.••••••••....-••••••••••••........„.„....•••_. , ............................................................................ ............................ .... ........,........,......_....._ -,, „...........................................,..........,..........,.......,................,...................................................,.........................................„...:................„...,.........,......„..............,.............,;...„„,„„„„„„„,..•,..., INNESTNIENT IN GENEIZAL FIXED ASSETS 35.0 :::::::::ii:•::::•;:::::::::::::::::::::::::M:::::•::::::::::E:i::::•ii::::::::::::::::::i1::::::::::::::::::::::::::::::::::::::::::::::::::::Mi:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: $ - $ - - — - —-, ..,"""--•"-"""•-"--"."""•• FUND BALANCE RESERVEI) 36.0 $ 5028582 $ 9687 $ 4049283 - 9 087552 FUND BA LANc E •....................................................................,................„...........„................................................. ............................................................................. ••••••••••••••••••••••••••••••••••,••• •••••••••••••••••••••••••••••••••••••• IINItESEItVE1)-1)ESIGNATEI) 37.0 - 379,737 - ............................................................................. ........................................................................... 379737 }UM)BALANCE UNRESERVED-UN1)ESIGNATED 38.0 1,548,600 (3,844,802) 1,034448 - (1261754) TOTAl.EQUITIES --------"•""—' : : :i.:.:.:. .................................................. WINTEQUALPAGEO5JANE50 39.0 $ 6,577,182 $ (3,455,378) $ 5,083,731 $ - - $ 8,205,535 ,., TOTAL LIAB. & O'l'IIER. CREDITS & EQUITIES 40.0 $ 6,634,039 $ 1,118,276 $ 5,083,731 $ - $ 9,753,914 $ - $ 22,589,960 ACCT.LCRS 80(REV 7(96) INCOME STATEMENT-CONSOLIDATED AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY PAGE i 0 15 Fiscal\'ear Ended June 30,1998 I A B C I r CAPITAL DEBT LOW/MODERATE SPECIAL PROJECTS SERVICE INCOME HOUSING REVENUE/OTIIER TOTAL REVENUES FUNDS FUNDS •FUNDS FUNDS TAX INCREMENT-GROSS (INCLUDEALLAPPORTIONMENTS) 1.0 $ - $ 2,111,759 $ 527,939 $ - $ 2,639,698 SPECIAL SUPPLEMENTAL SUBVENTION 2.0 - - - - - PROPERTY ASSESSMENTS 3.0 - - - - - SALES&USE TAX 4.0 - - - - - TRANSIENT OCCUPANCY TAX 4.1 - - - - - , INTEREST INCOME 5.0 4,471 104,318 23,414 - 132,203 ' RENTAL INCOME 6.0 5,000 - - - 5,000 LEASE INCOME 7.0 - - - - - SALE OF REAL ESTATE 8.0 - - - - - GAIN ON LAND 1lELl)FOR RESALE• 8.1 - - - - FEDERAL GRANTS 9.0 - - - - - GRANTS FROM OTIfER AGENCIES 10.0 - - - - - BOND ADMINISTRATIVE FEES 11.0 - - - - - O'I'iIER REVENUES 12.0 - - - TOTAL REVENUES 13.0 $ 9,471 $ 2,216,077 $ 551,353 $ - $ 2,776,901 EXPENDITURES ............................................._... ..... ADMINISTRATION COSTS 14.0 556,265 50,153 - - $ 606,418 PROFESSIONAL SERVICES 15.0 33,847 - - - 33,847 PLANNING,SURVEY&DESIGN 16.0 - - - - - REAL ESTATE PURCHASES 17.0 375 - - - 375 EXPENDITURES SUB-TOTAL (CARRY TO LINE 19) (18.o) _ $ 590,487 _ $ 50,153 $ - _ $ - $ 640,640 In order to ensure consistency,the amounts reported in the Low and Moderate Income Housing Fund should form the basis for the data reported to the Department of housing and Community Development on Schedules IICD-A and IICD-C. ACCI'-wits 80(REV 7/96) INCOME STATEMENT-CONSOLIDATED AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY PAGE L° Fiscal Year Ended June 30,1998 �— -- �,- �— ' " I I 1 - I L 1 c CAPITAL DEBT LOW/MODERATE SPECIAL EXPENDITURES (CONTT) PROJECTS SERVICE INCOME HOUSING REVENUE/OTIIER TOTAL FUNDS FUNDS •FUNDS FUNDS SUB-TOTAL (FROM LINE 18) (19.0) $ 590,487 $ 50,153 $ - $ - $ 640,640 ACQUISITION EXPENSE 20.0 - - - - - OPERATION OF ACQUIRED PROPERTY 21.0 80 - - - 80 RELOCATION COSTS 22.0 - - RELOCATION PAYMENTS 23.0 - - - - - SITE CLEARANCE COSTS 24.0 - - - - - PROJECT IMPROVEMENT/ CONSTRUCTION COSTS 25.0 114,236 - - - 114,236 DISPOSAL COSTS 26.0 - - - - - LOSS ON DISPOSITION OF LAND 11E1,1)FOR RESALE 26.1 - - - - - DECLINE IN VALUE OF LAND HELD FOR RESALE 26.2 - - REHABILITATION COSTS 27.0 _ - - - - REHABILITATION GRANTS 28.0 - - - - - INTEREST EXPENSE 29.0 377,873 218,609 - - 596,482 FIXED ASSET ACQUISITIONS 30.0 2,736 - - - 2,736 SUBSIDIES TO LOW& MODERATE INCOME HOUSING 31.0 - - DEBT ISSUANCE COSTS 31.1 - - _ - - OTHER EXPENDITURES INCLUDING PASS THROUGH AND ERAF PAYMENT(S) 32.0 - - - - - DEBT PRINCIPAL PAYMENTS: TAX ALLOCATION BONDS&NOTES 33.0 - 90,000 - - 90,000 REVENUE BONDS&CERTIFICATES OF PARTICIPATION 34.0 - - _ - - CITY/COUNTY ADVANCES&LOANS 35.0 - 1,715,794 - - 1,715,794 U.S.,STATE,&OTHER LONG-TERM DEBT 36.0 - - TOTAL EXPENDITURES 37.0 $ 1,085,412 $ 2,074,556 $ - $ - $ 3,159,968 In order to ensure consistency,the amounts reported ut the Low and Moderate Income Housing Fund should form the basis for the data reported to the Department of Housing and Community Development on Schedules IICD-A and HCD-C. ACC T-I.GRS 80(REV 7/96) • INCOME STATEMENT-CONSOLIDATED AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY PAGE 1 0 I 5 Fiscal Year Ended June 30,1998 Q B C D E CAPITAL DEBT LOW/MODERATE SPECIAL EXPENDITURES (CONTT) PROJECTS SERVICE INCOME IIOUSING REVENUE/OTHER TOTAL FUNDS FUNDS *FUNDS FUNDS EXCESS (DEFICIENCY) REVENUES OVER(UNDER) EXPENDITURES 38.0 $ (1,075,941) $ 141,521 $ 551,353 $ - $ (383,067) OTHER FINANCING SOURCES(USES): PROCEEDS OF L ONG-TERM DEBT 39.0 - - - - - PROCEEDS OF REFUNDING BONDS 39.1 - - - - - PAYMENT TO REFUNDED BOND ESCROW AGENT 39.2 ( - ) ( - ) ( - ) ( - ) ( - ) ADVANCES FROM CITY/COUNTY 40.0 1,615,794 - - - 1,615,794 SALE OF FIXED ASSETS 41.0 - - - - - MISCELLANEOUS FINANCING SOURCES(USES) ' 41.1 - - - - - OPERATING TRANSFERS IN 42.0 - 282 609 - - 282,609 TAX INCREMENT CI 1 a.:................... N ENT'TRANSFERS IN (LOW& \ ODIOUSI HOUSING ) 42.1 ' - • OPERATING TRANSFERS OUT 43.0 ( - ) ( 282,609 ) ( - ) ( - ) ( 282,609 ) TAX INCRE11fENT TRANSFERS OUT O1V - - - I, &MOD HOUSING FUND) 43 1 TOTAL- OTHER FINANCING SOURCES (USES) 44.0 $ 1,615,794 $ - $ - $ - $ . 1,615,794 EXCESS(DEFICIENCI)OF REVENUES & OTHER FINANCING SOURCES OVER EXPENDITURES& OTHER FINANCING USES (LINE38+LINE44) 45.0 $ 539,853 $ 141,521 $ 551,353 $ - $ 1,232,727 EQUITY BEGINNING OF PERIOD 46.0 $ 6,037,329 $ (3,585,457) $ 4,536,592 $ - $ 6,988,464 ADJUSTMENTS: PRIOR PERIOD ADJUSTMENTS 47.0 - (11,442) (4,214) - (15,656) RESIDUAL EQUITY TRANSFERS 48.0 - - - - - O'I'LIER-(EXPLAIN) 49.0 - - - - - 50.0 - - - - - EQUITY, END OF PERIOD (MUST EQUAL PAGE 04,LINE 39) 51.0 _ $ 6,577,182 _ $ (3,455,378) $ 5,083,731 _ $ - _ $ 8,205,535 In order to ensure consistency,the amounts reported in the Low and Moderate Income Housing Fund should form the basis for the data reported to the Department of Housing and Community Development on Schedules IICD-A and IICD-C ACCT-LGRS 80(REV 7/96) • ASSESSED VALUATIONS -AND - TAX INCREMENT REVENUES SCHEDULE D - R PAGE I 3 FISCAL YEAR ENDED June 30, 1998 AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY ASSESSED VALUATION DATA I C FROZEN BASE ASSESSED VALUATION 1.0 $ 37,132,229 - INCREMENT ASSESSED VALUATION 2.0 $ 217,170,407 _ TOTAL ASSESSED VALUATION 3.0 $ 254,302.636 . PASS THROUGH/SCHOOL DISTRICT ASSISTANCE TAX INCREMENT PASS THROUGH DETAIL OTHER PAYMENTS AMOUNTS PAID TO TAXING AGENCIES II&S CODE II&S CODE II&S CODE II&S CODE II&S CODE PURSUANT TO: SECTION 33401 SECTION 33676 SECTION 336077 H-^7 TOTAL SECTION 33445 SECTION 33445.5 I I B . EC- C- I 1 I r Co r UN Y 4 0 $ _ $ _ $ CITIES 5.0 SCHOOL DISTRICTS 6.0 - - - - $ - S - COMMUNITY COLLEGE DISTRICTS 7.0 - - - - - - SPECI AL DISTRICTS 1 TRICTS 8.0 - TOTAL PAID TO TAXING AGENCIES 10.0 $ - $ _ $ $ - $ - $ - NET AMOUNT TO AGENCY 11.0 Ei:'•i:`:�E;�#'•E'•:;':; �::��:�:?E'•f`•`:'i'i;:�::E'•:Y':i:;:;E;E'•E'•:; :```s�:�:�,t�.??:E'•6�E'•:: :`•:�5: :�:z:;`: EE?::'`::>%::%`"?:':�r'#:E•`:�:�'i. :':�•`:� :::•: $ 2,639,698 GROSS R TAX INCREMENT GENERATED 12.0 `:�?�':'•?'`�?:��f���''`:`'��:�:#�.y;;;;{ ;,y?:`?::���'• E:•..'!•`•E'•,E'•5;:,;:#'�8��'���� '�``''#:2EY'•: ``�2�£:�sr3'''':�:��2:'•E�E'•`�..'•.:': .........................................:............ . ::.> $ 2 639 ............................................................................ � .698 CAPITAL IMPROVEMENT DETAIL IN ADDITION TO THE ABOVE TAX INCREMENT PASS-TIIROUGHS, PLEASE ITEMIZE EACH CAPITAL IMPROVEMENT EXPENDITURE MADE • ON BEHALF OF ANY TAXING AGENCY OTHER THAN A SCHOOL DISTRICT OR COMMUNITY COLLEGE DISTRICT, AND INDICATE CODE SECTION Code Sect Description Name of Taxing Agency Amount 33401 33 See Individual Schedule D-RP See Individual Schedule D-RP $ ( I C • $ $ C ACCI-LGRS BO(REV 7/96) $ `- SUMMARY OF TIIE STATEMENT OF INDEBTEDNESS-Agency Totals Agency Name ARCADIA REDEVELOPMENT AGENCY SCHEDULE E-R PAGE 3 I 2 • A Total Indebtedness Types of Debts Outstanding As of June 30,1998 TAX ALLOCATION BOND DEBT I $ 5,423,415 REVENUE BONDS 2 - OTHER LONG-TERM DEBT 3 4,573,654 CITY/COUNTY DEBT 4 6,543,913 LOW & MODERATE FUND 5 4,135,246 OTIIER 6 - TOTAL 7 $ 20,676,228 AVAILABLE REVENUES 8 ( - NET REQUIREMENT 9 $ 20,676,228 Using the Statement of Indebtedness(SOI)filed on or before October 1, 1997, please summarize all indebtedness listed on Forms A and B as follows: DESCRIPTION OF LINE ITEMS 1. Any indebtedness listed on the SOI related to Tax Allocation Bonds or Notes. 2. Any indebtedness listed on the SOI related to Revenue Bonds or Certificates of Participation. 3. Any indebtedness listed on the SOI related to other long-term debt issuances, other than debt listed above, or indebtedness owed to the governing body. 4. All indebtedness or obligations owed to the governing body, regardless of the purpose or time limit. 5. All indebtedness or obligations to the Low and Moderate Income Housing Fund. 6. All indebtedness or obligations listed on the SOI, not included above. 8. Line 7 from the Calculation of Available Revenues statement. 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 IDII 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 TIIE ACTIVITIES FOR DATE PROJECT AREA WAS ESTABLISHED TILLS PROJECT AREA DURING TIIE 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 - - ESTABLISHED TIME LIMIT: 2024 REPAYMENT OF INDEBTEDNESS (YEAR ONLY) 4 ESTABLISHED TIME LIMIT: EFFECTIVENESS OF PLAN (YEAR ONLY) 5.1 201.4 ESTABLISHED TIME LIMIT: NEW INDEBTEDNESS (YEAR ONLY) 6.1 2004 • SIZE OF PROJECT AREA IN ACRES. 7 252 PERCENTAGE OF LAND VACANT AT TILE INCEPTION OF THE PROJECT AREA. HEALTH AND SAFETY CODE SECTION 33320.1 (XX.X%) 8 PERCENTAGE OF LAND DEVELOPED AT %^ TIIE 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,I,C AREA PLAN. R = Residential (ENTER TILE APPROPRIATE CODE(S) I = Industrial IN SEQUENCE AS SHOWN). C = Commercial P = Public 0 = Other ACCT•LGRS 80(REV 6/96) INCOME STATEMENT AGENCY NAME ARCADIA REDEVELOPMENT AGENCY PAGE 1 0 [ S Fiscal Year Ended June 30,1998 PROJECT AREA NAME Central Central Redevelopment Project �,- �— I A 1 U FE- c 1 L I CAPITAL DEBT LOW/MODERATE SPECIAL PROJECTS SERVICE INCOME HOUSING REVENUE/OTIIER TOTAL REVENUES FUNDS FUNDS *FUNDS FUNDS TAX INCREMENT-GROSS (INCLUDE ALL APPORTIONMENTS) 1.0 $ - $ 2,111,759 $ 527,939 $ - $ 2,639,698 SPECIAL SUPPLEMENTAL SUBVENTION 2.0 - - _ - - PROPERTY ASSESSMENTS 3.0 - . - - _ - SALES&USE TAX 4.0 - - - _ - TRANSIENT OCCUPANCY TAX 4.1 - - - - - INTEREST INCOME 5.0 4,471 104,318 23,414 - 132,203 1t- RENTAL INCOME 6.0 5,000 - - - 5,000 LEASE INCOME 7.0 - - - - - SALE OF REAL ESTATE 8.0 - - - - - GAIN ON LAND 11E1.1)FOR RESALE 8.1 - - - _ - FEDERAL GRANTS 9.0 - - - - - GRANTS FROM OTIIER AGENCIES 10.0 - - - - - BONI)ADMINISTRATIVE FEES 11.0 - - - - - OTIIER REVENUES 12.0 - - - - - TOTAL REVENUES 13.0 $ 9,471 $ 2,216,077 $ 551,353 $ - $ 2,776,901 EXPENDITURES ll N IT URE S ADMINISTRATION COSTS 14.0 556,265 50,153 - - $ 606,418 • PROFESSIONAL SERVICES 15.0 33,847 - - - 33,847 PLANNING,SURVEY&DESIGN 16.0 - - - _ - REAL ESTATE PURCHASES 17.0 375 - - - 375 EXPENDITURES SUB-TOTAL (CARRY TO LINE 19) (18.0) $ 590,487 $ 50,153 $ _ $ - $ 640,640 'In order to ensure consistency,the amounts reported in the Low and Moderate Income Housing Fund should form the basis for the data reported to the Department of Housing and Community Development on Schedules JICD-A and II CD-C. ACCT-LGRS 80(Rev 7/96) INCOME STATEMENT AGENCY NAME ARCADIA REDEVELOPMENT AGENCY PAGE i 0- I Fiscal Year Ended June 30,1998 PROJECT AREA NAME' Central Redevelopment Project �,- 1 t' l +s 1 s- I ii I G CAPITAL DEBT LOW/MODERATE SPECIAL EXPENDITURES (CON'T) PROJECTS SERVICE INCOME HOUSING REVENUE/OTHER TOTAL FUNDS FUNDS 'FUNDS FUNDS SUB-TOTAL (FROM LINE 18) (19.0) $ 590,487 $ 50,153 $ - $ - $ 640,640 ACQUISITION EXPENSE 20.0 - - _ . - - OPERATION OF ACQUIRED PROPERTY 21.0 BO - - - 80 RELOCATION COSTS 22.0 - • - _ - - RELOCATION PAYMENTS 23.0 - - - - _ SITE CLEARANCE COSTS 24.0 - - - I - - 1f PROJECT IMPROVEMENT/ CONSTRUCTION COSTS 25.0 114,236 - - - 114,236 DISPOSAL COSTS 26.0 - - - - - LOSS ON DISPOSITION OF LAND HELL)FOR RESALE 26.1 - - - - - DECLINE IN VALUE OF LAND HELD FOR RESALE 26.2 - - - - - REHABILITATION COSTS 27.0 - - - - - REHABILITATION GRANTS 28.0 - - _ - - INTEREST EXPENSE 29.0 377,873 218,609 - - 596,482 FIXED ASSET ACQUISITIONS 30.0 2,736 - - - 2,736 SUBSIDIES TO LOW& MODERATE INCOME HOUSING 31.0 - - - - - DEBT ISSUANCE COSTS 31.1 - _ - - - OTHER EXPENDITURES INCLUDING . 'I PASS mitotic!!AND ERAF PAYMENT(S) 32.0 - _ - - - /1 DEBT PRINCIPAL PAYMENTS: TAX ALLOCATION BONDS&NOTES . 33.0 - 90,000 - - 90,000 REVENUE BONDS&CERTIFICATES OF PARTICIPATION 34.0 - _ - - - CITY/COUNTY ADVANCES&LOANS 35.0 - 1,715,794 - - 1,715,794 U.S.,STATE,&OTHER LONG-TERM DEBT 36.0 - - - - -• TOTAL EXPENDITURES _ 37.0 $ 1,085,412 $ 2,074,556 _ $ - $ - $ 3,159,968 'In order to ensure consistency,the amounts reported in the Low and Moderate Income Housing Fund should form the basis for the data reported to the Department of Housing and Community Development on Schedules HCD-A and IICD-C. ACC r-LGRS 80(Rev 7/96) ' INCOME STATEMENT AGENCY NAME ARCADIA REDEVELOPMENT AGENCY PAGE 0 I 5 • Fiscal Year Ended June 30,1998 PROJECT AREA NAME Central Redevelopment Project • A rB C D E EXPENDITURES CON' CAPITAL DEBT LOW/MODERATE SPECIAL ( T) PROJECTS SERVICE INCOME HOUSING REVENUE/OTHER TOTAL FUNDS FUNDS •FUNDS FUNDS EXCESS (DEFICIENCY)REVENUES OVER (UNDER) EXPENDITURES 38.0 $ (1,075,941) $ 141,521 $ 551,353 $ - $ (383,067) OTHER FINANCING SOURCES(USES): PROCEEDS OF LONG-TERM DEBT 39.0 - - - - - PROCEEDS OF REFUNDING BONDS 39.1 - - - _ - PAYMENT TO REFUNDED BOND ESCROW AGENT 39.2 ( - ) ( - ) ( - ) ( _ ) ( - ) ADVANCES FROM CITY/COUNTY 40.0 1,615,794 - - - 1,615,794 \ SALE OF FIXED ASSETS 41.0 - - - _ - ) MISCELLANEOUS FINANCING SOURCES(USES) , 41.1 - - - _ - OPERATING TRANSFERS IN 42.0 - 282 : 609 - - 282,609 FAX INCREMENT TRANSFERS �..F:........... .. RAN RS IN (LOW&TIOD i I OUSINC FUND) 42.1 - - OPERATING TRANSFERS OUT 43.0 ( - ) ( 282,609 ) - .) ( - ) ( 282,609 ) TAX INCREMENT TRANSFERS OUT LO &MOD HOUSING OUSING FU ND 43.I ( - - - _ TOTAL- OTHER FINANCING SOURCES (USES) 44.0 $ 1,615,794 $ - $ - $ - $ 1,615,794 EXCESS(DEFICIENCY)OF REVENUES & OTHER FINANCING SOURCES OVER EXPENDITURES& OTIIER FINANCING USES (LINE38+LINE44) 45.0 $ 539,853 $ 141,521 $ 551,353 $ - $ 1,232,727 EQUITY BEGINNING OF PERIOD 46.0 6,037,329 (3,585,457) 4,536,592 $ - $ 6,988,464 ADJUSTMENTS: PRIOR PERIOD ADJUSTMENTS. 47.0 - (11,442) (4,214) - (15,656) RESIDUAL EQUITY TRANSFERS 48.0 - _ - _ OTIIER-(EXPLAIN) 49.0 - - _ - - 50.0 - _ _ _ - EQUITY,END OF PERIOD (MUST EQUAL PAGE 04,LINE 39) _ 51.0 $ 6,577,182 $ (3,455,378) $ 5,083,731 _ $ - $ 8,205,535 , •In order to ensure consistency,the amounts reported in the Low and Moderate Income Housing Fund should form the bath for the data reported to the Department of Housing and Community Development on Schedules HCD-A and HCD-C. ACCT-LGRS 80(Rev 7/96) • AGENCY LONG-TERM DEBT • SCHEDULE A-RP TAX ALLOCATION BONDS, REVENUE BONDS AND .CERTIFICATES OF PARTICIPATION PAGE 1 OF 1 - - AGENCY NAME ARCADIA REDEVELOPMENT AGENCY Fiscal Year Ended June 30, 1998 PROJECT AREA NAME Central Redevelopment Project Use a separate colunui for listing each bond authorization not fully retired. Use additional pages as necessary. CODING BOXES FOR CONTROLLER'S USE ONLY I INDICATE TYPE OF DEBT:TAX ALLOCATION Tax Allocation BOND,REVENUE BOND OR CERTIFICATE Refunding TOTAL OF PARTICIPATION Bonds YEAR OF AUTHORIZATION 1.0 1989 l PRINCIPAL AMOUNT AUTHORIZED 1.1 $ 3,780,000 $ - $ - $ - • $ 3,786 vui; PRINCIPAL AMOUNT UNISSUED 1.2 - - - PRINCIPAL AMOUNT UNMATURED- BEGINNING OF FISCAL YEAR 2.0 3,300,000 - - - 3,300,000 ADJUSTMENTS MADE DURING YEAR (EXPLAIN) 3.0 - - - - - PRINCIPAL AMOUNT ISSUED DURING FISCAL YEAR 4.0 - - - - PRINCIPAL AMOUNT MATURED DURING FISCAL YEAR 5.0 ( 90,000 ) ( - ) ( - ) ( - ) ( 90000 ) PRINCIPAL AMOUNT DEFEASED DURING FISCAL YEAR 5.1 ( - ) ( - ) ( - ) ( - ) ( ) PRINCIPAL AMOUNT UNMATURED- END OF FISCAL YEAR 6.0 3,210,000 - - - 3,210,000 PRINCIPAL AMOUNT IN DEFAULT 6.1 - - INTEREST IN DEFAULT 6.2 - - - - " - REVENUES PLEDGED AS ADDITIONAL SECURITY EXTENT PURPOSE OF DEBT BY AUTHORIZATION (SPECIFY NATURE OF REVENUE) PLEDGED To refund Tax Allocation Notes,Issue of 1986 All tax Increment of project area 100 % ;o . °.o SO Accr.I.GRS 80(REV 7/96) OTHER LONG-TERM INDEBTEDNESS SCHEDULE B-RP Agency Name: ARCADIA REDEVELOPMENT AGENCY Fiscal Year Ended June 30, 1998 Project Area Name: Central Redevelopment Project USE A SEPARATE COLUMN FOR LISTING EACH BOND AUTHORIZATION NOT FULL RETIRED. USE ADDITIONAL PAGES AS NECESSARY. 11 6 I l 7 11 8 11 9 A A A , A , 'l OTHER LONG TERM INDEBTEDNESS (1.0) CITY/COUNTY STATE U.S. OTHER TOTAL PRINCIPAL AMOUNT UNMATURED- BEGINNING OF FISCAL YEAR 2.0 $ 6,643,914 $ - $ - $ - $ 6,643,914 ADJUSTMENTS MADE DURING YEAR (EXPLAIN) 3.0 - - - - - INTEREST ADDED TO PRINCIPAL 3.1 377,873 - - - 377,873 • PRINCIPAL AMOUNT RECEIVED DURING FISCAL YEAR 4.0 1,237,921 - - - 1,237,921 PRINCIPAL AMOUNT MATURED I 1 DURING FISCAL YEAR 5.0 ( 1,715,794 ) ( - ) ,( - ) ( - ) ( 1,715,794 PRINCIPAL AMOUNT UNMATURED- END OF FISCAL YEAR 6.0 $ 6,543,914 $ - $ - $ - $ 6,543,914 ACCT-LG R S 80(REV.7/96) • ASSESSED VALUATIONS —AND —TAX INCREMENT REVENUES SCHEDULE D :.RP AGENCY NAME: ARCADIA REDEVELOPMENT AGENCY PAGE I 3 I 1 FISCAL YEAR ENDED June 30, 1998 PROJECT AREA NAME: Central Redevelopment Project ASSESSED VALUATION DATA IC FROZEN BASE ASSESSED VALUATION 1.0 $ 37,132,229 - INCREMENT ASSESSED VALUATION 2.0 $ 217,170,407 - TOTAL ASSESSED VALUATION 3.0 $ 254,302,636 _ PASS THROUGH/SCHOOL DISTRICT ASSISTANCE TAX INCREMENT PASS THROUGH DETAIL . OTIIER PAYMENTS AMOUNTS PAID TO TAXING AGENCIES II&S CODE II&S CODE H&S CODE H&S CODE H&S CODE PURSUANT TO SECTION 33401 SECTION 33676 SECTION 33607 TOTAL SECTION 33445 SECTION 33445.5 En- ........................................... ......................................... COUNT 4.0 $ $ C177E5 5.0 - . SCHOOL DISTRICTS 6.0 - - - - $ - , $ COMMUNITY COLLEGE DISTRICTS 7.0 - - - _ - SPECIAL DISTRICTS 8.0 - TOTAL PAID TO TAXING AGENCIES 10.0 $ - $ - $ - $ - $ - $ - O TO NE T AMOUNT T AGENCY 11.0 '•'•' E`•##'J'` �:i:':' :5`E: "`?'r:'i #3S•.'•::?'• ::%:E'•?#<iii"3:iEE %%:#:'•3#:i1'E '•'.'•<3:<? i;'MMEi'•'sE.;;.i� $ 2,639,698 GROSS GR TAX INCREMENT GENERATED RATED 12.0 ;;: :'�<#1':�> sE:'•'• � '�<%< �� `��rE'•E'•Si?• f'i';`��i:::•,'::%::%`?` `��'�` ��:%%•'.'•� 2? . :. .:..... ::::::::: ......... ...:.... :. . :::: ..... $ 2,639,698 CAPITAL IMPROVEMENT DETAIL IN ADDITION TO THE ABOVE TAX INCREMENT PASS-TIIROUGHS, PLEASE ITEMIZE EACH CAPITAL IMPROVEMENT EXPENDITURE MADE • ON BEHALF OF ANY TAXING AGENCY OTHER THAN A SCHOOL DISTRICT OR COMMUNITY COLLEGE DISTRICT, AND INDICATE CODE SECTION Code Secti Description Name of Taxing Agency Amount 33401 32 $ [ $ _ C $ C $ s 1 ACCT•LGRS BO(REV 7196) SUMMARY OF THE STATEMENT,OF INDEBTEDNESS-Project Area Summary Agency Name ARCADIA REDEVELOPMENT AGENCY SCHEDULE E-RP Project Area Central Redevelopment Project PAGE 3 I 2 IA Total Indebtedness Types of Debts Outstanding As of June 30,1998 TAX ALLOCATION BOND DEBT I $ 5,423,415 REVENUE BONDS 2 OTHER LONG-TERM DEBT 3 4,573,654 CITY/COUNTY DEBT 4' 6,543,913 LOW & MODERATE FUND 5 4,135,246 OTHER 6 TOTAL 7 $ 20,676,228 AVAILABLE REVENUES 8 ( NET REQUIREMENT 9 $ 20,676,228 Using the Statement of Indebtedness(SOI)filed on or before October 1, 1998, please summarize all indebtedness listed on Forms A and B as follows: DESCRIPTION OF LINE ITEMS 1. Any indebtedness listed on the SOI related to Tax Allocation Bonds or Notes. 2. Any indebtedness listed on the SOI related to Revenue Bonds or Certificates of Participation. 3. Any indebtedness listed on the SOI related to other long-term debt issuances, other than debt listed above, or indebtedness owed to the governing body. 4. All indebtedness or obligations owed to the governing body, regardless of the purpose or time limit. 5. All indebtedness or obligations to the Low and Moderate Income Housing Fund. 6. All indebtedness or obligations listed on the SOI, not included above. 8. Line 7 from the Calculation of Available Revenues statement. i STATEMENT OF INDEBTEDNESS - CONSOLIDATED Cover Page - FILED FOR TIIE 1998-99 TAX YEAR Nance of Redevelopment Agency Arcadia Redevelopment Agency Nance of Project Area Central Redevelopment Project Current Balances Carried Forward From: Total Principal/Interest Line Outstanding Debt Due During Tax Yc •----a Fiscal Period - Totals (From Form A, Page 1 Totals) ( 1 ) $ 20,676,228.36 $ 15,565,I28.4 1 (Optional) — I'ost Fiscal Period - Totals (From Form B Totals) (2) $ 0.00 $ o 00 Grand Totals Available Revenues (3) $ 20,f 7ii,228.3G $ 15,565,128.41 From Calculation of Available Revenues, Line 7 (4 ) $ 1 118 209.50, Net - Requirement (5 ) $ • 19,558,018.80 Consolidate on this form nil of the data contained on Form A and B (including supplemental pages). Form A is to include nll indebtedness entered into ns of June 30 of the Fiscal Year. Form B may be filed at the option of the agency, and is to include indebtedness entered into post June 30 of the Fiscal Year, pursuant to health and Safety Code Section 33675(c)(2). This is optional for each agency and is not a ■ __,) • requirement for filing the Statement of indebtedness. The Reconciliation Statement is to include indebtedness from Form A only. CeI tification of Chief Financial Officer: James Dale Finance Director Pursuant to Section 336775 (b)of the Health and Safety Code, , en • Title I hereby certify that the above is a true and accurate Statement I of Indebtedness for the above named agency. I ►.... . � — I '� • Ufc arc I t r.6/1,"I FILED FOR 'I'IIE 1998-99 TAX YEAR i I'rll;e I ((f I I'((i;rs Nnrne of Redevelopment Agency Arcadia Re(levelopntent Agency Nnrne of Project Aren Central Redevelopment Project For Indebtedness Entered Into ns of June 30, 1998 Original Data • Current Interest Total Total Principal/Interest Debt Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Year •Fax Allocation Refunding Bonds, 1989 to 6.625%, 6.70% (A) Series 1989 06/21/89 3,780,000.00 2014 and 6.75% 4,294,102.50 5,423,414.95 312,315 (1(1 Matured unpaid interest on Until (D) City Loans. Various 2,280,1 19.44 Repaid None Nonc 2,157,570.81 2,157,570.81 Deficit created in Low and FY 85-86 Until (C) Moderate Income Housing Fund FY 96-97 4,573,654.00 Repaid None _ None '1,573,654.00 4,573•654 00 Loans from City of Utilil LAIF (D) Arcadia - Facility Unknown 920,096.51 Repaid Rate Sec lint(C) 84(,096.51 8'IO,: 151 Loans from City of Until LAIF (E) Arcadia - Capital Outlay 03/05/87 1,400,000.00 Repaid Rate Sec line(C) 1,320,000.00 I,320,000 t0 Loans front City of Until LAIF (F) Arcadia - Capital Outlay 03/11/88 550,000.00 Repaid Rate See line (C) 5I0,000.0)) 51(1,000 00 Loans from City of Until LAIF i. 1 r (C) Arcadia - Equip. Replacement 07/16/97 1,200,000.00 Repaid Rate Sec line (C) 1,200,000.00 1,200,000 00 Loans from City of Until LAIF (II) Arcadia - Liability 05/22/97 516,246.42 Repaid Rate Sec line (C) 516,246.42 516,2'16 .12 Set-Aside Requirement for Until - ( I ) Low and Moderate I lousing Future 4,135,245.67 Repaid None 4 None •1,135,215.67 .1,135,2-15 ((7 (J) 'lids d ( I 7 t,. � 20,676,228.36 S 15,565,128 or '0 .1 d Front All 011ter l'ae.es T ls � n r .;f;: ,';:;•}:}:???;':;:;:::}:}::•:•iii t,rnnd i?:Oi::Sy+ii: :}:;;r{{•:�:i:ti{: ^f 4i{:':ij}}iSitv: v'.%}� 4it+`r::::?'.;:}�{iiii'r�:}: ::;?}Si4}:::•:'w::•;}:•:}':::w:}>j;+.`.;• '•}:>.0{.:•h i::ti{:i;�:::•}iii:•:•?:::•:^:?w:::::;�.,{}:•:•:•:•}:•}}:?^;•}.gin, .:,?::::::::•v•::::•..:•........:. r4t:i:}:�:i:}:t>.v:"'•(M1.`;}Si::::�:?.};.;:i;i}:;�ii:;i::`iiiiii:-iiiii`ii iiii:'�i: t•:n•:a}::n• r.•:n•::r.}::;.}•::•::??.}}:tii•'::w:::::}:i;;;:y? . {i?;{. . r.. .... Totals : ttv::.t:. t:•::m:ti::isii}:;;^}:4:ti??.}:•:?::: ji?j:}:•;?i:•}}tiiti:j:•}:?:? •.t.tx?.:}:}i::::••}::::• r}i:...... ............t.... .. ...... ::.}}}i:•:?•>::.;;.:}:•}>;; ` r: %:'•'#:}:' ';: `:?Si}:si5'S::Ei>i{5::?5:'::?:''#5 E: :E: i:c::%>:ti'%;•':?:E•:'•E':•'r'E:i:%`::E:::::E:%,:-.,:::: ::::::?::.:.�:.:•}:.}}}}:.>}}:<.}»:.}:;.;:;•}:?.:;,:;,:;;...,..... ..>..r::.�::::.....::::�::•:?:•:.::•..:.:..::::::::::::::.::::::::.: .::::.:.�:.t.?:..�::.::�:�:::.:::.:::::::::,::.�,:...�::::. $ 20,676,228.36 $ 15,565,128�I T►I a 1(eve I eS ,........ .........::...:..}}»>:•}:<::;;:.}:::::::.::?::::: 'r 0rt Calculation of Available Revenues s (1,118,209.56) N Requirement I l' L' t. I 1 Ir 111 rlt ....... IJ - 58 ) l ......... 18 8 Purpose of Indebtedness: (A) Refund prior tax allocation bond issues. (10 Provide funding for redevelopment projects. (II)Matured unpaid interest on City Loans. (G) Provide funding for redevelopment projects. t ((') Deficit created in Low and Moderate Income Housing Fund by debt findings. (II) Provide funding for redevelopment projects. (11) Provide funding for redevelopment projects. (I) Low and Moderate Income Housing Set-Aside requirement based on total debt oulslandhng_ _ (I?) Provide funding for redevelopment projects. (,1) RECONCILIATION STATEMENT - CHANGES IN INDEBTEDNESS r Page 1 of 2 Pages Name of Agency Arcadia Redevelopment Agency Name of Project Area Central Redevelopment Project Tax Year 1998-99 Reconciliation Dates: From July 1, 1997 To June 30, 1998 A _ 8 I O D I E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI,page and line: Brief All Beginning Increases Decreases indebtedness, from: Balance Prior Yr Current Yr Description Indebtedness (Attach Explanation) (Attach Explanation) Tax Increment Other Funds (A►B.C•D•E) Pg 1 Pg 1 Tax Allocation Refunding Bonds, Line A Line A Series 1989 5,732,023.70 5,423,41.1.95 308,608.75 Pg 1 Pg 1 Matured unpaid interest on Line B Line B City Loans. 2,157,570.81 377,873.05 377,873.05 2,157L_ }i I Pg 1 Pg 1 Deficit created in Low and Line C Line C Moderate Income Housing Fund 4,536,591.64 527,939.00 490,876.64 .1,573,65.1 nn Pg 1 Pg 1 Loans front City of Line D Line 0 Arcadia - Facility 880,096.51 40,000.00 840,0961.51 Pg 1 Pg 1 Loans from City of 1, ' - Line E Line E Arcadia - Capital Outlay 1,340,000.00 20,000.00 40,000.00 1,320,00)1) on Pg 1 Pg 1 Loans from City of Line F Line F Arcadia - Capital Outlay 550,000.00 20,000.00 20,000.00 510,00(1 00 Pg 1 Pg 1 Loans from City of Line G Line G Arcadia - Equip. Replacement 1,200,000.00 1 200 (100) no Pg 1 Pg 1 Loans from City of Line H Line H Arcadia - Liability 516,246.42 516,246.42 TOTAL•Tills PAGE 16,912,529.08 925,812.05 20,000.00 1,277,358.44 16,54((( .6') TOTALS FORWARD 4,228,132.27 1,288,074,00 92,886.60 1,288,074.00 4,135,245.67 GRAND TOTALS $ 21,140,661.35 $ 2,213,886.05 $ 112,886.60 $ 2,565,432.44 $ • - $ 20,676,2 28.16 NOTE: Column A must equal the previous year Statement of Indebtedness Outstanding Debt. Column F must equal this year's SOI Outstanding Debt column. Use the page and line number that the Indebtedness Is listed on In each year as appropriate,and a brief description. Ignore any indebtedness fully repaid in the previous year,as It had a zero ending balance. All new Indebtedness entered Into since the previous Sol Is to be listed below the previous Indebtedness. Enter"new"In the"Prior Yr" page and line column for each new Indebtedness. Rev. 5/2/94 • RECONCILIATION STATEMENT - CHANGES IN INDEBTEDNESS ■ Page 2 of 2 Pages Name of Agency Arcadia Redevelopment Agency Name of Project Area Central Redevelopment Project Tax Year 1998-99 Reconciliation Dates: From July 1, 1998 To June 30, 1999 A B C D E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI,page and line: Brief All Beginning Increases Decreases Indebtedness,from: Balance Prior Yr Current Yr Description Indebtedness (Attach Explanation) (Attach Explanation) Tax Increment Other Funds (A.B-C-0.E) Pg I Pg 1 Set-Aside Requirement for • Line I Line I Low and Moderate Housing 4,228,132,27 92,886.60 4,115,245 (,7 Pg Pg Administrative fees in connection Line New Line with tax increment - 50,153,00 50,153.00 1 Pg Pg City of Arcardia - Revolving Line New Line Loan - 1,237,921.00 _ 1,237,921.00 - Pg Pg Line Line • Pg Pg ) Line Line Pg Pg • Line Line Pg Pg Line Line Pg Pg Line Line Pg Pg • Line Line Pg Pg � L_Ine Line IPg Pg Line Line 1pg Pg Line Line TOTAL-THIS PAGE 4,228,132.27 1,288,074.00 92,886.60 1,288,074.00 4,115,2.15 67 NOTE: Column A must equal the previous year Statement of Indebtedness Outstanding Debt. Column F must equal this year's SOI Outstanding Debt Column. .CAL - LA T;ON OF AVAILABLE RE`,.__-VUES AGENCY NAME Arcadia Redevelopment Agency PROJECT AREA Central Redevelopment Project TAX YEAR 1998-99 RECONCILIATION DATES: JULY 1, 1997 TO JUNE 30, 1998 1. Beginning Balance, Available Revenues S 2,494.115.59 (See Instructions) Adjustment to agree with prior audit made after SOI filed. 5 (1.542,980.59) 2. Tax Increment Received- Gross S 2.639.698.00 • All Tax Increment Revenues, to including any Tax Increment • passed through to other local taxing agencies 3. All other Available Revenues Received- See Note Below S 92.809.00 (See Instructions) 4. Revenues from any other source, included in Column E of the Reconciliation • Statement, but not included in (1 - 3) above - • 5. Sum of Lines 1 through 4 S 3.683,642.00 6. Total amounts paid against indebtedness in previous year. (D+ E on Reconciliation Statement) S 2,565,432.44 • 7. Available Revenues, End of Year(5- 6) S 1.118.209.56 • FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS • NOTES Tax Increment Revenues: The only amount(s)to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set-aside in the Low and _ Moderate,Income Housing Fund will be washed in the above calculation, and therefor omitted from Available Revenues at year end. Item 4. above: This represents any payments from any source other than Tax Increment OR available revenues. For instance, an agency funds a project with a bond issue. The previous SOI included a Disposition Development Agreement (DDA) which was fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statement as fully repaid under the"other"column (Col E), but with funds that were neither Tax Increment, nor"Available Revenues" as defined. The amounts used to satisfy this DDA would be included on line 4 above in order to accurately determine ending "Available Revenues". r i ,Reconciliation Statement - Description of Adjustments Agency-. Arcadia Redevelopment Agency Project Arca: Central Redevelopment Project Reconciliation Sheet Description of Adjustment page and line: Amount Pg 1 Line 2 Interest on City Loans for fiscal year. S 377.873.05 Pg 1 Pg Line 3 Low and moderate set-aside deferred for year. S 527.939.00 Pg 1 Line 5 To correct loan balance-reclassed from Iine 6 on reconciliation statement S 20,000.00 Pg 1 Line 6 To correct loan balance-reclassed to line 5 on reconciliation statement (5 20.000.00) Pg 2 Line 1 To adjust low and moderate income housing requirement based on total debt present (5 92.886.60) Pg 2 Line 2 To report administrative fees paid in connection with tax increment. S 50,153.00 Pg 2 Line 3 To report loans made to agency from City which were Iiquidated during year. S 1.237.921.00 Pg Line Pg Line Pg Line Pg Line Pg Line Pg Line 'Pg b Line Pg Line Pg Line -- IPg b `Line Pg Line Pg Line Pg0 Line IPg 'Line Grand Total S 2.100.999.45 EXHIBIT "G" Arcadia Redevelopment Agency Financial Statements (June 30, 1998) Available for review in the Redevelopment Agency Offices. EXHIBIT "H" Arcadia Redevelopment Agency Statement of Indebtedness Available for review in the Redevelopment Agency Offices.