HomeMy WebLinkAboutDecember 15, 1998\-
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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~
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,.
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.
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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.
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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.
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"°�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. _
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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
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~�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
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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.
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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
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CURRENT PROJECT AREA BOUNDARY AND LAND USE MAP ( 1994)
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1
EXHIBIT B - Central Redevelopment Project Area Map
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REDEVELOPMENT OPPORTUNITY LOCATION MAP .. ,
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EXHIBIT C - Redevelopment Opportunity Location Map
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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
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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)
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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.
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• 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.