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HomeMy WebLinkAboutResolution No. 08-R290 0 RESOLUTION NO. 08-R29 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA ADOPTING THE MID-TERM REVIEW OF THE FIVE-YEAR IMPLEMENTATION PLAN (2005-2009) FOR THE MERGED CENTRAL BUSINESS DISTRICT AND WEST END REDEVELOPMENT PROSECT AND THE RANCH CENTER REDEVELOPMENT PROSECT WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency") is a duly constituted public body, corporate and politic, established pursuant to the Community Redevelopment Law of the State of California (Section 33000 et. sea• of the State Health and Safety Code) ("CRL"); and WHEREAS, pursuant to Article 16.5, Section 33490 of the CRL, the Agency shall adopt, after a public hearing, an implementation plan containing specific goals and objectives of the Agency, and the specific programs and expenditures proposed to be made during the next five years; and WHEREAS, the implementation plan shall explain and detail how the proposed goals and objectives, programs and expenditures will eliminate blight and implement the requirements of Sections 33334.2, 33334.4, 33334.6, and 33413 for each Project Area; and WHEREAS, the Agency adopted the 2005-2009 Five -Year Implementation Plan on March 6, 2006; and WHEREAS, pursuant to Article 16.5, Section 33490 of the CRL, the Redevelopment Agency shall conduct a public hearing no earlier than two years and no later than three years after the adoption of the implementation plan and hear testimony of all interested parties for the purpose of reviewing the redevelopment plans and corresponding implementation plan and evaluate the progress of the redevelopment projects; and WHEREAS, the Agency Board has held a public hearing and provided the opportunity for public input as so designated in Section 33490 of the CRL. NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of Azusa take the following actions: SECTION 1. Adopt the Mid -Term Review of the Five -Year Implementation Plan (2005-2009). SECTION 2. Direct the Agency Secretary to certify the adoption of this resolution. D� W QIDOCU, N S AND SETT GSV SAUSERI IDESKTOPVJGRE 16, 2""8E EDDERDOC 1 PASSED, APPROVED AND ADOPTED this 16th day of June, 2008, by the Redevelopment Agency of the City of Azusa. /�-P' 4 /� a'/� seph . R'66a, Chairman I HEREBY CERTIFY that the foregoing Resolution No. 08-1129 was duly adopted at a regular meeting of said Redevelopment Agency on the 16`h day of June, 2008, by the following vote of the Members: AYES: BOARD MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA NOES: BOARD MEMBERS: NONE ABSTAIN: BOARD MEMBERS: * SEE NOTE BELOW ABSENT: BOARD MEMBERS: NONE Vera Mendoza, Agency Secretary * NOTE: Councilmember Gonzales abstained from the following Projects: 1. Azusa Avenue Design Guidelines 2. Pedestrian Breezeway from the Heritage Court parking lot to Azusa Avenue 3. Development of Block 37 Councilmember Carrillo abstained the following Project: 1. Azusa Avenue Design Guidelines DOCUMENTINC'1DOCUMEPTPS AND SET MSV SAOSERPDESKTOPU T16,2008Eh DEDDOC 0 0 MIDTERM REVIEW FIVE YEAR (2005 - 2009) IMPLEMENTATION PLAN FOR THE CENTRAL BUSINESS DISTRICT, WEST END AND RANCH CENTER REDEVELOPMENT PROJECT AREAS BACKGROUND AND LEGISLATIVE REQUIREMENTS On January 1, 1994, Assembly Bill 1290 (Stats. 1993, Chap. 942), known as the Community Redevelopment Law Reform Act of 1993, went into effect. AB 1290 requires redevelopment agencies to prepare and adopt an implementation plan every five years. As the result of AB 1290, the Redevelopment Agency of the City of Azusa (the "Agency") adopted a five-year implementation plan for the Central Business District Project (the "CBD Project'), the West End Project and the Ranch Center Project. A second implementation plan was adopted by the Agency for FY 1999/00 to 2003/04. The current implementation plan was adopted in March 2006 for FY 2004/05 to 2008/09 and is the subject of this midterm review. Section 33490 of the California Redevelopment Law ("CRL"), which implements AB 1290, outlines the requirements of an implementation plan. These requirements are paraphrased here: • Identify specific redevelopment goals and objectives for the next five years; • Identify specific programs, projects and expenditures planned for the next five years; • Explain how the goals, objectives, programs, and expenditures will eliminate blight; and • Specify information about the Agency's affordable housing program, including plans for deposits to and expenditures from the twenty -percent tax increment set-aside fund and means to achieve the Agency's Project Area housing production obligations. Additionally, Section 33490 of the CRL requires redevelopment agencies to hold a public hearing in the third year of a five-year implementation period and hear testimony for the purpose of reviewing the implementation plan and evaluating the progress of the redevelopment project. This section of the CRL is presented here: "...(c) Every agency, at least once within the five-year term of the plan, shall conduct a public hearing and hear testimony of all interested parties for the purpose of reviewing the redevelopment plan and the corresponding implementation plan for each redevelopment project within the jurisdiction and evaluating the progress of the redevelopment project. The hearing required by this subdivision shall take place no earlier than two years and no later than three years after the adoption of the implementation plan. An agency may hold one hearing for two or more project areas if those project areas are included within the same implementation plan...... Since the current implementation plan for the CBD Project, the West End Project and Ranch Center Project is in its third year of existence, it is now time to conduct this midterm review. This report reviews redevelopment activities associated with the CBD Project, the West End Project and Ranch Center Project since July 2004. City of Azusa Five -Year Implementation Plan Midterm Review Page 1 i 0 REDEVELOPMENT PROJECT AREAS The Agency was activated by the City Council on May 7, 1973 to reverse a trend of declining economic activity and physical decay in the City's commercial areas. However, the Agency remained inactive until the first redevelopment project was adopted. The CBD Project was formally adopted five years later in 1978. In 1983, the Agency adopted the West End Project, and in 1988, the CBD Project and the West End Project were combined to create the Merged Project Area (the "Merged Project"). Subsequently, the Agency adopted the Ranch Center Project in 1989. The current five-year implementation plan adopted in 2006 ("Implementation Plan") provided a set of goals and objectives for the Agency to effectively address conditions of blight in the period of time from FY 2004105 to FY 2008/09. The goals for the CBD Project are stated as follows: 1. To develop convenient commercial facilities, which offer residents a wide variety of goods and services. 2. To ensure an economically strong and balanced commercial sector of the community, promoting an accessible and attractive public meeting place. 3. To achieve strong investment and consumer support for the community's downtown commercial sector. 4. To revitalize the Central Business District. The Implementation Plan provides the following goals for the West End Project: 1. To encourage a strong and diversified industrial sector of the community while eliminating and preventing the spread of blight and deterioration. 2. To promote the development of a modern, attractive industrial sector that is environmentally compatible, increases industrial efficiency, and stimulates new private investment. 3. To increase employment opportunities. 4. To increase sales taxes and other public revenues. The Ranch Center Project was adopted to revitalize a severely dilapidated shopping center at one of Azusa's major commercial intersections. The property was occupied by a 60,000 - square foot neighborhood shopping center that suffered from high vacancies and tenant turnovers. To redevelop it, the Agency entered into an Owner Participation Agreement with West Venture Development Company to demolish most of the existing improvements and construct an 85,000 square foot shopping center. The Agency relocated existing businesses and contributed $575,000 in land write-down assistance. The assistance was provided in the form of a sales tax note, which pledged future sales tax to the developer for the repayment of the debt. The note was paid off by the Agency at a discount in 1991 and the sales tax revenues were restored to the City's General Fund. In addition to the land write-down assistance, a $465,000 development loan was made to the developer. The Ranch Center Project is now complete. However, the Agency desires to maintain a competitive posture with regard to the Ranch Center and will provide technical assistance as required. City of Azusa Five -Year Implementation Plan Midterm Review Page 2 0 Exhibit A REDEVELOPMENT PROJECT AREAS City of Azusa Five -Year Implementation Plan Midterm Review Page 3 0 0 To implement the goals for CBD Project and the West End Project, the Implementation Plan provided a specific list of projects/programs that the Agency and City intended to complete or offer during the five-year period. Table 1 below lists these specific programs and Table 2 lists the annual funds the Agency expected to spend implementing them: Table 1 PROJECTS, PROGRAMS AND EXPENDITURES City of Azusa Five -Year Implementation Plan Midterm Review Page 4 PROJECTS AND PROGRAMS CBD PROJECT 1. Long Range Plans • Prepare Azusa Avenue Design Guidelines • Install street trees • Implement Gateway Strategy • Develop Downtown North with transit -oriented uses 2. Improve Physically Obsolete Properties • Provide loans/grants • Create pedestrian breezeway 3. Develop Agency Sites and Assemble Key Sites • Develop Agency properties (Block 36) • Manage & market Agency -owned properties • Create retail nexus at corner of Azusa Avenue and Arrow Highway • Redevelop the Foothill Shopping Center • Develop Block 37 4. Improve Business Opportunities • Create Downtown Revitalization Program • Provide marketing services to owners and tenants • Provide technical assistance 5. Construct Housing to Improve Commercial Demand • Construct housing on infill parcels WEST END PROJECT 1. Improve the Physical Character of Structures & Create More Efficient Development Sites • Provide loans/grants for property improvements • Kincaid Pit Re -use & Implementation Plan 2. Improve Business Climate by Retention/Attraction • Regular visits to Azusa businesses • Streamline approval process 3. Construct Essential Public Facilities • Construct public improvements • Install trees at key location City of Azusa Five -Year Implementation Plan Midterm Review Page 4 0 0 Table t (Cont.) PROJECTS, PROGRAMS AND EXPENDITURES HOUSING PROGRAMS 1. Single -Family Housing Rehabilitation Program — Provide low interest loans, grants and rebates to low- and moderate -income households for the rehabilitation of owner occupied residences. 2. Senior Housing/Assisted Living — Proposed development of a 20 -unit assisted living complex for very low-income senior citizens. 3. Single -Family Affordable Townhomes—The development of 30 affordable townhomes during this implementation plan cycle and the first year of the 2009-2014 cycle. Source: Agency 2005-2009 Implementation Plan Table 2 ANNUAL EXPENDITURES Source.: Redevelopment Agency of the City of Azusa lel Costs associated with debt service payments and administration and operating expenses are not included. This report reviews redevelopment activities associated with the CBD Project, the West End Project, the Ranch Center Project and Housing Programs since the adoption of the Implementation Plan. More specifically, the report discusses the actions of the Agency with respect to the various programs listed in Table 1. This report is intended to provide a measure of the progress the Agency has made toward achieving its goals. City of Azusa Five -Year Implementation Plan Midterm Review Page 5 2004105 2005/06 2006107 2007/08 2008109 CBD AND WEST END PROJECTS (MERGED PROJECT) Redevelopment Project Funds(i) $523,621 $1,158,554 $24,759,526$6,715,600 $17,462,890 HOUSING PROGRAMS Single -Family Housing Rehabilitation Program (25 units $ 2,300 0 $ 185,000 $ 185,000 $ 185,000 per year in years 2 through 5) Senior Housing/Assisted Living 0 0 0 0 0 (20 units) Single -Family Affordable 0 0 0 0 $ 700,000 Townhomes (30 units) Down Payment Assistance 0 0 0 0 $ 1,000,000 Program Source.: Redevelopment Agency of the City of Azusa lel Costs associated with debt service payments and administration and operating expenses are not included. This report reviews redevelopment activities associated with the CBD Project, the West End Project, the Ranch Center Project and Housing Programs since the adoption of the Implementation Plan. More specifically, the report discusses the actions of the Agency with respect to the various programs listed in Table 1. This report is intended to provide a measure of the progress the Agency has made toward achieving its goals. City of Azusa Five -Year Implementation Plan Midterm Review Page 5 Redevelopment Administration 1. Economic and Community Development Director During FY 2005/06, the new Economic and Community Development Director was hired to oversee the Planning, Building, Community Improvement, Business License, CDBG and Redevelopment Divisions. 2. Redevelopment Plan Amendments On October 2, 2006, the City Council of the City of Azusa (the "City Council") adopted Ordinance No. 06-011 approving the 11th amendment to the CBD Project and the 5th amendment to the West End Project. These amendments provide the addition of eminent domain authority to specific commercial sites in the existing Merged Project Area. The City Council approved the 12`h amendment to the CBD Project and the 7th amendment to the West End Project on February 5, 2007 by adopting Ordinance No. 07-04. The purpose of these amendments was to extend the effectiveness date of each project by two years per Senate Bill 1096 (ERAF). On June 18, 2007, the City of adopted Ordinance No. 07-07 approving the 13th amendment to the CBD Project and the 8th amendment to the West End Project and adopted Ordinance No. 07-08 approving the 4th amendment to the Ranch Center Project for the purpose of adopting an Eminent Domain Program and record a revised Statement of Proceeding in accordance with Senate Bill 53 and Senate Bill 1809. Finally, the Agency initiated the 2007 Plan Amendment of the Merged Project Area to add 15.1 acres of blighted properties, increase the tax increment cap and reinstate the Agency's eminent domain authority on two commercial properties. 3. 2005 Tax Allocation Bonds Tax allocation bonds in the amount of $9.02 million were issued to fund major redevelopment projects, including the Foothill Shopping Center rehabilitation/expansion and Block 36 downtown development. As part of the process, a thorough analysis of tax increment and pass-through agreements was conducted, resulting in identification of overpayments to Los Angeles County which were partially refunded back to the Agency and correction of the base year assessed valuations for the new Central Business District, Amendment 8, which was approved in FY 2003/04. 4. 2007 Tax Allocation Bonds The Agency authorized issuance of $20.57 million in taxable and non-taxable bonds for payoff of property acquisition loans and refunding the 1997 Tax Allocation Bonds. The bonds closed in July 2007. City of Azusa Five -Year Implementation Plan Midterm Review Page 6 0 CBD Project 1. Long Range Plans 0 Prepare Azusa Avenue Design Guidelines: In 2004, the City completed an update to its General Plan and prepared a new development code to allow for more efficient, higher quality development of property throughout the City, including the Downtown core. Although a specific plan was originally planned for downtown, City staff decided to provide specific regulations for the downtown area with design guidelines to be completed at a future time. A parking survey to determine future parking needs for the Downtown area was completed and paid for with a CalTrans grant. Install Street Trees: In 1995 and 1996, the Agency planted trees on various lots throughout Downtown and significant "gateway locations" (210 Freeway). New trees were also planted in 1998 along Azusa Avenue as part of the Downtown public improvements program. In an effort to carry on the beautification of the entire municipality, the citywide tree program will be -continued at various locations throughout the redevelopment project areas if funds become available for this purpose. No action has been taken during this implementation plan cycle. Implement Gateway Strategy: This project involves the beautification of entry points to the City, and will be implemented, as funding is made available. Beautification may involve various improvements including street trees (as mentioned above), landscaping, decorative structures, signage, etc. No action has been taken during this implementation plan cycle. Freeway Reader Board: The Agency contracted with a consultant to prepare a bid specification/RFP for the upgrade/marketing of the existing obsolete freeway reader board. The Agency Board selected Daktronics as the successful bidder for the design upgrade/marketing. The project is on hold pending CalTrans approval. Development of Downtown North with Transit -Oriented Uses: Develop that area in the vicinity of the future Downtown Metro Gold Line light rail station and the Civic Center. Development objectives are to attract new private sector reinvestment, attract national and retail uses, develop transit -oriented district uses in the vicinity of the future Gold Line station, and construct a new library. The Agency entered into an Exclusive Negotiation Agreement (ENA) with Watt-Genton Commercial Properties (WGA) to create a strategic development plan and phased development program for the area generally bounded,by 9'" Street on the north, the Foothill Boulevard corridor on the south, San Gabriel Avenue on the west and Dalton Avenue on the east. A Memorandum of Understanding and Reimbursement Agreement were approved, two properties were acquired by the Agency for land assembly north of the Metro -Goldline and appraisals were conducted on several other properties. Property acquisition offers have been made for the Phase II portions of Downtown North and planning is under way for the area north of the Metro -Goldline. A Downtown North Advisory Committee (DNAC) was authorized by the City Council and members appointed by the City Manager. The DNAC was established to review development proposals for Downtown North and make recommendations to the City Manager. The DNAC, the City Council and Planning Commission took tours to review City of Azusa Five -Year Implementation Plan Midterm Review Page 7 0 0 various mixed-use and residential projects in other Southern California cities and review various concept plans prepared by WGA. Staff is working on a project application for the Dalton Avenue properties and scheduled a Planning Commission public hearing in early 2008. The Dalton Phase was entitled on April 7, 2008. In addition, staff meets weekly to review development proposals and entitlement process. Dalton Properties — Redevelopment Site -Downtown North Phase I: This project is a Downtown redevelopment opportunity for mixed use, retail and residential development located within the boundaries of the Downtown North project and represents the first phase. The Agency/City closed escrow on properties located at 716 North Dalton Avenue, 726 North Dalton Avenue, 728 North Dalton Avenue and 303 East Foothill Boulevard. The Agency demolished the buildings, removed an underground tank and completed public hearings with the Planning Commission and the City Council for entitlement and development of the property. Downtown North — Phase II: The Agency has made offers to acquire non-residential properties north and south of the Metro -Goldline right-of-way and is working with the DNAC on land use plans for this site. 2. Improve Physically Obsolete Properties Provide Loans and Grants: Since July 1996, the Agency has actively marketed the Commercial Rehabilitation Loan and Facade Grant Program. A number of loans and grants have been made to businesses and property owners to rehabilitate commercial properties in the City's Downtown. The resulting improvements to these properties have contributed significantly towards addressing the problem of physically obsolete and unsafe buildings. In addition, the improvements have signaled to property owners and potential investors that the City of Azusa continues to be a partner in the revitalization of downtown Azusa. The Commercial Rehabilitation Loan and Facade Grant Program is capitalized using funds from the Community Development Block Grant Program, the City of Azusa Community Redevelopment Agency, and the City of Azusa Department of Light and Water. • The Agency Board approved a $25,000 fagade grant for Jakes Hot Dogs & Sausage. This project consists of the construction of an upscale walk-up hot dog and sausage business at 246 North Azusa Avenue. In October/November 2007, the Agency Board approved an $80,000 loan from the Economic Development Loan Program ("EDLP"). The new business opened in April 2008. The La Tolteca Expansion project consists of the renovation of a former supermarket building for the expansion of the La Tolteca restaurant located at 429 North Azusa Avenue. The Agency provided financial assistance via a $25,000 fagade 'improvement grant. This expansion is now complete. The Agency is now working with the owner to encourage a new restaurant to locate in the old space. Create Pedestrian Breezeway: The Downtown Azusa Vision and Positioning Strategy reaffirmed the creation of a passageway from the Heritage Court parking lot to Azusa Avenue. Section 108 funds were programmed to construct the passageway improvement. During FY 2005/06, WF Construction was selected to construct the breezeway. The project was completed in April 2007, and includes decorative sidewalks, fountains, outside furniture, tiling, public area, and landscaping. The Breezeway provides access from the Heritage City of Azusa Five -Year Implementation Plan Midterm Review Page 8 Court Parking Lot to Azusa Avenue businesses and has provided a major new quality amenity in the Downtown. 3. Develop Agency Sites and Assemble Key Sites Development of Agency Properties (Block 36) — Azusa Village Center: Block 36 is generally located at the southeast corner of Azusa Avenue and Foothill Boulevard. The Agency has acquired several properties along this block including 632, 634, 636, 638 and 640 N. Azusa Avenue, and 100-152 E. Foothill Boulevard. Although the Agency made an attempt to negotiate a mixed-use project in 2002, the negotiations were unsuccessful. The Agency selected a new developer in 2006. Lowe Enterprise was selected to redevelop Block 36 into a first-class mixed-use housing and retail development. Lowe Enterprises is a Los Angeles based national real estate development firm. The proposal consists of a 3 -story building with 34,998 square feet of ground floor retail space, 66 condominium residential units on the upper floors, and a 315 space subterranean parking structure. In January 2007, the Agency approved a Disposition and Development Agreement (DDA) with Lowe. The last three properties necessary for the project were acquired, and the site demolished and abated. Sale of the assembled site to Lowe will be completed in 2008. In January 2008, construction began on the Block 36 Offsite Utilities Project which the Agency Board approved, and awarded the contract to BNB Engineering Inc. in the amount of $793,851 to relocate utilities on the site. Manage & Market Agency -Owned Properties: Table 3 highlights the status of the Agency - owned properties as of December 31, 2007. Ranch Market Retail Redevelopment Project: This project entails the redevelopment of the site currently occupied by Ranch Market, Economy Auto and Community Garage for a Target Store. The location of this project is the block bounded by 9th Street on the north, Azusa Avenue on the east, MTA Metro Gold Line tracks on the south and San Gabriel Avenue on the west. The Agency acquired one large and two smaller properties for this development and has entered into settlement agreements with all tenants. In addition, the Agency Board approved a contract for the preparation of the environmental studies for the project and approved a contract for a traffic study for the proposed development of the site. The CEQA studies are underway and staff meets on a bi-weekly bases with the Target team. In December 2007, Target submitted a development application to the City. Create Retail Nexus at Corner of Azusa Avenue and Arrow Highway: The northeast corner of Azusa Avenue and Arrow Highway was included in the redevelopment plan by CBD Amendment #8, and is in the process of being annexed to the City. Formerly occupied by an unsafe former strip club building and currently a substandard furniture store, this key gateway site is designated for retail development. The northwest corner of Azusa Avenue and Arrow Highway is an underutilized site occupied by a blighted car wash, vacant land, a day care center, and an automotive repair facility. Staff is currently pursuing redevelopment opportunities on both of these key city gateway sites. City of Azusa Five -Year Implementation Plan Midterm Review Page 9 0 0 Table 3 LIST OF AGENCY OWNED PROPERTY AS OF DECEMBER 31, 2007 List of Property Property Type Property Purchased prior to FY 2006107 Project 237 South Azusa/Chano's Acquisition Commercial/Vacant Land 444 North Azusa (51h & Azusa)/Rogers Vacant Land 600 North San Gabriel/Gallant Vacant/Parking Lot 604 North San Gabriel/Arenas Vacant/Parking Lot 614/620 North Azusa/Singleton Parking Lot North Azusa & North San Gabriel/Cunningham Median CBD -4 Site/112 Foothill -Marquis CommercialNacant Land Block 36/Lowe CBD -4 Site/116 Foothill -Hernandez CommercialNacant Land Block 36/Lowe CBD -4 Site/628 Azusa -Canyon City Hotel CommercialNacant Land Block 36/Lowe CBD -4 Site/630 Azusa -Blatt CommercialNacant Land Block 36/Lowe CBD -4 Site/634 Azusa -Delgado CommercialNacant Land Block 36/Lowe CBD -4 Site/636 Azusa -Allen CommercialNacant Land Block 36/Lowe CBD -4 Site/640 Azusa -Miller CommercialNacant Land Block 36/Lowe CBD -4 Site/638 Azusa -Padilla (1) CommercialNacant Land Block 36/Lowe 726 North Dalton Avenue Residential/Vacant Land Downtown North 728 North Dalton Avenue Residential/Vacant Land Downtown North 303 East Foothill Boulevard CBD -4 Site/100 East Foothill Boulevard 805 North Dalton Avenue 110-190 West Ninth Street 809 North Azusa Avenue 800-802 North San Gabriel Avenue 975 West Foothill Boulevard Purchased in FY 2006107 Commercial/Florist Commercial/Vacant Land Commercial/Construction Office Commercial/ Shopping Center Commercial/Auto Repair Commercial/Auto Repair Commercial/Restau rant Downtown North Block 36/Lowe Downtown North Target Store Target Store Target Store Marketing Site Property Purchased 7/l/07-12131/07 152 East Foothill Boulevard/Parking Lot Only (BofA) Commercial Parking Lot Block 36/Lowe ") Property purchased with Federal Section 108 Loan funds and owned by the Redevelopment Agency Azusa Five -Year Implementation Plan Midterm Review Page 10 0 0 The Agency entered into an ENA with Kendrew Development for a restaurant/retail project located at the northeast corner of Azusa Avenue and Arrow Highway. This site is located within the unincorporated area of County of Los Angeles and the annexation process has been initiated. The Los Angeles County Board of Supervisors has approved the tax revenue resolution and LAFCO will hear the proposal in April 2008. An appraisal was performed on the site located at the northwest corner of Azusa Avenue and Arrow Highway. Redevelopment of the Foothill Shopping Center: This project involves the redevelopment of the existing 23 -acre Foothill Shopping Center located at the intersection of Alosta Avenue and Citrus Avenue. The shopping center will provide shopping opportunities and services for the residents of the City and the nearby student population of Azusa Pacific University and Citrus College. Staff amended the redevelopment plan in 2003 to include the shopping center site in order to allow for the redevelopment of the site. The City/Agency entered into a Development Agreement with Trachman Indevco, a Los Angeles -based developer to redevelop the 23 -acre Foothill Shopping Center built in the 1950's. The project includes rehabilitation and expansion of the shopping center and a 102 - townhouse development. The developer is constructing the exterior remodel of the Regency Theater, Ross Store, 99 Cents Only Store, CVS and is implementing various demolition plans. Tesco Fresh & Easy Market entered into a lease with the developer to locate a store on the project site. The developer closed escrow with Watt Communities on the townhouse parcel and the residential pad demolition work has been initiated. Development Block 37: This project involves the redevelopment of the southwest corner of Azusa Avenue and Foothill Boulevard. Block 37 additionally involves the revitalization the entire odd -numbered 600 block of Azusa Avenue. Construction of the Talley Building located at 619 North Azusa Avenue, a mixed-use historical building rehabilitation project that began during FY 2005/06, was completed in FY 2006/07. This project is comprised of new office spaces and a quality Italian restaurant that opened in March 2007. The Agency provided a $450,000 grant to the developer for construction and a $150,000 loan for tenant improvements. Additionally, a CDBG-funded EDLP loan of $70,000 was awarded the tenant. • The Dr. Reyes Building located at 613-615 North Azusa Avenue was completed. The owner/developer assisted with a redevelopment loan, completed construction of a state-of-the-art dental office and two loft apartments. • With redevelopment financial assistance in the form of a land write-down, the Cornerstone Plaza at Foothill Boulevard and Azusa Avenue was completed. The developer acquired the former obsolete furniture store and a new retail center, including a Starbucks, Subway, AT&T, and UPS Store, was constructed. • The proposed Arriaza project located at 609 North Azusa Avenue consists of a three-story, 14,000 square foot mixed use building with ground floor restaurant/retail, second story banquet facility and four (4) apartment units on the 3rd floor. City of Azusa Five -Year Implementation Plan Midterm Review Page 11 0 0 Demolition of the site has been completed and the owner submitted building plans to the City in December 2007. The owner is currently negotiating a lease agreement with a prospective restaurant tenant. • The project located at the northwest corner of 6"' Street and Azusa Avenue consists of added fagade improvements and additional retail space. Staff contacted owner's representatives in late September 2007 and the owner has submitted preliminary concept plans to the City's Planning Division which have now been approved. • The former Smart City Grinds will be the new location for Max's Cuisine restaurant. An application for a Minor Use Permit was approved in March 2007 for this site. The Agency Board approved a $179,000 tenant improvement loan for Max's new Downtown restaurant and the owner submitted building plans for first and second plan check. Construction is underway, with an opening anticipated by June 2008. 4. Improve Business Opportunities Create Downtown Revitalization Program: The Downtown Revitalization Program for Azusa is modeled after the four -pronged approach used in the California Main Street Program. This approach focuses on organizational development, architectural and thematic design, promotion, and economic restructuring. The revitalization program involves the on-going and continuing participation of the Downtown Azusa Business Association (DABA) in partnership with City staff, downtown merchants and the community at large. The DABA is composed of merchants who have a desire to revive the Downtown area as a commercial, cultural, and social destination. An ad hoc committee of key community stakeholders was instrumental in creating the Downtown Vision and Positioning Strategy. The strategy provides a program for the marketing and leasing of the Downtown area. Marketing Services to Owners and Tenants: The Agency continues to work with property owners, and real estate brokers to market vacant and underutilized properties to potential tenants and businesses. The Agency has developed a website for broker, agents, and property owners to use in marketing their properties for sale or lease. Sunrise Cafe -- Agency staff worked with the property owner to encourage the re- opening of this vacant building on Foothill Boulevard. T Burger has recently opened their restaurant in this space. Business Development Programs: The Agency provides financial assistance and partnerships with the DABA and the Chamber of Commerce, working to increase their participation and responsibilities. The Agency assisted moving the DABA from Block 36 to the City's Barnes House in the Civic Center Park. Marketing Services: The Agency participated in marketing efforts targeting developers and businesses by attending International Council of Shopping Center conventions, attending San Gabriel Valley Economic Partnership conferences, preparing two San Gabriel Valley Tribune advertisements highlighting Azusa and its current projects, and purchasing a specially designed marketing exhibit with graphics and lighting. Provide Technical Assistance: The Agency assembled a team of technical service providers and lenders to assist the businesses in the CBD. Technical service providers include Azusa Pacific University, Citrus College, the Chamber of Commerce, the Small Business Development Center, the U.S. Small Business Association, the Service Core of Retired Executives, and private financial institutions. The technical services team is currently inactive. City of Azusa Five -Year Implementation Plan Midterm Review Page 12 0 0 Azusa Pacific University Science Center: The Azusa Pacific University (APU) submitted an application and subsequently received full building permits to development a new 93,000 square foot Science Center. This is the first major new development under the APU Specific Plan. Construction is currently underway. 5. Construct Housing to Improve Commercial Demand Construct Housing on Infill Parcels: As part of the Agency's pursuit for affordable housing, opportunities will be identified for infill housing development and housing rehabilitation projects. Potential opportunities may include Atlantis Gardens (Lime Street), South Azusa Avenue infill residential sites, and other sites to be determined along Azusa Avenue and Foothill Boulevard. Additionally, the Agency will continue to entertain joint projects with other non-profit organizations to provide single-family infill housing projects throughout the City, with an emphasis in the redevelopment project areas. The Agency has worked as part of the Economic and Community Development Department to promote development of three infill residential projects which are under construction: Azusa Court (24 units on South Azusa Avenue); The Colony (Bates) (87 units on South Azusa Avenue); and The Foothill Classics (Trademark Townhomes) (14 units on West Foothill Boulevard). No financial assistance was needed from the Redevelopment Agency for these three projects. West End Project 1. Improve the Physical Character of Structures and Create More Efficient Development Sites Provide Loans/Grants for Property Improvements: The Agency provides property improvement loans to businesses on a case- by- case basis. The purpose of the loans is for the expansion and retention of businesses in order to preserve and create jobs for the residents of the City. No loans have been initiated during this review period. Tenth Street and Vernon Avenue: This site, located at 850 West Tenth Street — southwest corner of Tenth Street and Vernon Avenue, provides potential redevelopment opportunities to relocate a Downtown auto repair and other businesses to Agency -owner property in the West End Project. The Agency staff contacted an auto -related and other businesses located in the Downtown North area, to determine interest in relocating to Tenth Street and Vernon Avenue. The City Council approved the sale/transfer of the properties from the City to the Agency. The Agency completed a parcel map, which was approved by the Planning Commission. The Agency and Economy Auto entered into escrow for the sale of a portion of the site. Escrow closed in April 2008. 975 West Foothill Boulevard: The site located at 975 West Foothill Boulevard was acquired by the Agency as a possible relocation site. The Agency completed a lot line adjustment in connection with the potential relocation. Foothill Boulevard Car Wash: Conversion of the former 99 Cent store into a full service car wash was recently completed and the facility is now in operation. This project represents new investment on Foothill Boulevard and the West End Project. Shell Gas Station: The reconstruction of the former blighted Texaco Gas Station into a modern Shell Gas Station was completed at the northeast corner of Todd Avenue and Foothill Boulevard. City of Azusa Five -Year Implementation Plan Midterm Review Page 13 0 0 Costco East Development Concept: The Agency released a request for proposals for the preparation of a preliminary retail development concept for the industrially developed property east of the Costco Store. The project site is located on the south side of West Foothill Boulevard, immediately east of the Costco Store. The Agency reviewed three developer proposals and in July 2007 the Agency Board selected Newmark Merrill Development and directed staff to prepare an .ENA. Staff continued discussions with Newmark Merrill regarding the ENA issues during the months of August through November 2007. In December 2007, the Agency Board approved an ENA with Home Depot which is undertaking due diligence on the site. Verizon Wireless Switching Facility: Verizon Wireless Company is currently constructing a 42,000 -square foot telecommunications switching facility at 930 North Vernon Avenue. Kincaid Re -Use & Implementation Plan: In conjunction with the City of Irwindale, the Agency helped prepare a use and implementation program for the development of the Kincaid pit located adjacent to Costco. The work program and implementation schedule focused on retail/commercial uses and developer selection. The work program was completed and an RFP was issued by the City of Irwindale and the City of Azusa during FY 2005106. While no developer was selected as a result of that RFP, marketing and the search for a,developer is ongoing. 2. Improve Business Climate by Retention/Attraction Regular Visits to Azusa Businesses: The Agency periodically meets with businesses on an on-going basis, and provides technical assistance, distributes informational materials, and provides consultation on financial resources and incentives for industrial and other businesses. As needed the Agency is accompanied by members of the Chamber of Commerce, Azusa Unified School District and/or Downtown Business Association. Streamline Approval Process: In 1996 and 1997 brochures were produced to communicate, in simple terms, the various permitting processes for businesses. The brochures were updated in 2004 and are currently distributed at the public planning counter. An updated website and new informational material regarding the City's approval process was to be available during 2006. Staff is currently working on updating the website. The Agency also completed a new marketing brochure which is utilized regularly as part of its Economic Development Program. 3. Construct Essential Public Facilities Construct Public Improvements: Budget constraints have limited the Agency's ability to upgrade public improvements. Install Trees at Kev Location: In an effort to carry on the beautification of the entire municipality, the Citywide tree program will be continued at various locations throughout the project area. Amongst the areas that have been landscaped with trees is the Vernon Street, Foothill Freeway off -ramp. City of Azusa Five -Year Implementation Plan Midterm Review Page 14 0 Ranch Center Project 0 Staff continues to monitor the debt service requirements of the Ranch Center Project. The shopping center, which comprises this project area, was sold to Azusa Pacific University in August 2006, as a for-profit investment property. This has increased tax increment revenues to the Agency. Housing Programs 1. Single -Family Housing Rehabilitation Program The Agency will continue to implement its Single -Family Housing Rehabilitation Program as Housing Funds become available. The program provides low interest loans, grants, and rebates to low- and moderate -income households for the rehabilitation of owner occupied residences. The following Table 4 illustrates the number of grants and loans administered by the Agency during the review period, including the dollars amounts of these grants and loans. Table 4 STATUS OF SINGLE-FAMILY HOUSING REHABILITATION PROGRAM Source: The Redevelopment Agency of the City of Azusa 2. Senior Housing/Assisted Living The Agency proposes to develop a 20 -unit assisted living complex for senior citizens. It is anticipated that the complex will be located outside the Project Areas and will be available City of Azusa Five -Year Implementation Plan Midterm Review Page 15 Number of Grants Fiscal Year and Loans Dollar Amount Funding Source Grants Loans 2004/2005 22 0 $ 88,030 CDBG Funds 0 3 $ 106,951 HOME Funds 2005/2006 37 0 $ 149,208 CDBG Funds 1 0 $ 1,095 Housing Funds 2006-2007 24 0 $ 90,685 CDBG Funds 14 0 $ 72,384 Housing Funds 0 2 $ 60,000 HOME Funds July 1 — 16 0 $ 48,567 CDBG Funds December 31, 2007 Source: The Redevelopment Agency of the City of Azusa 2. Senior Housing/Assisted Living The Agency proposes to develop a 20 -unit assisted living complex for senior citizens. It is anticipated that the complex will be located outside the Project Areas and will be available City of Azusa Five -Year Implementation Plan Midterm Review Page 15 0 0 for very low-income senior citizens. The Agency is exploring opportunities to purchase affordable housing covenants for senior housing in the Downtown North area. 3. Single -Family Affordable Townhomes It is anticipated that a single-family project of 30 affordable townhomes will be developed by the Agency during the next implementation plan cycle. The project will be available for low - to moderate -income families. No action taken. 4. Downpayment Assistance Program In October 2007, the Agency Board approved a Down Payment Assistance Program for low - and moderate -income households and first-time homebuyers. In addition, the Agency approved a budget amendment for $655,000 to fund this program and the program guidelines. The Agency Board also authorized the Executive Director to enter into an MOU with Coldwell Banker David Steven Company, and any other qualified lender to prescreen and pre -approve program participants. 5. First Time Homebuyer Programs Staff facilitated several first time homebuyer programs including: 1) provision of silent second down payment assistance from Los Angeles County under the HOP Program, helping low-income households acquire an existing Azusa home; 2) County issuance of Mortgage Credit Certificates (MCC's) on behalf of the City of Azusa, to low-income Azusa home buyers, reducing the cost of owning a home (an MCC allows the homeowner to take a credit for either 10% or 20% of the interest paid, thereby increasing take-home pay and the amount they can effectively borrow); and 3) provision of financing under the ICLFA ACCESS and Cal Gold Programs, which fund second home loans for down payment and closing costs to home buyers. 6. Specific Housing Projects Arrow Highway Townhouses: Located in the CBD Project, this project proposes development of 27 townhomes on a site currently containing auto related uses. This project represents significant new investment for Arrow Highway Corridor. The Planning Commission approved the project and two plan checks have been completed. Staff met with the architect to encourage the developer to proceed with the project. The Developer informed staff in November 2007 that the project was on hold due to economic conditions. The Bates Company Town Homes (The Colony): This project entails the design review and Tentative Tract Map for an 87 -unit townhome development in the South Azusa Corridor within the CBD Project. Rough grading has been completed and the building permit and sewer permit have been approved. The project is currently under construction. Azusa Avenue/Leton Townhouses (Azusa Court): This completed project consists of a 24 - unit townhouse development located at 740 South Azusa Avenue within the CBD Project. Trademark Townhomes (The Foothill Classics): This project consists of the construction of a 14 -unit townhome development that replaces a used car lot and five (5) former residential structures. This project is located at the southeast corner of Foothill Boulevard and Sunset Avenue within the CBD Project and is currently nearing completion. City of Azusa Five -Year Implementation Plan Midterm Review Page 16 0 III. ADDITIONAL HOUSING REQUIREMENTS Replacement Housing Requirements Redevelopment law requires that all housing units serving low and moderate -income households that are removed from a project area must be replaced within four years of their demolition. In August 2004, the Agency had prepared a Relocation Plan for the Dalton Properties Acquisition. The site consisted of four (4) housing units comprised of four (4) households that included three (3) tenants and one (1) owner. In accordance with the Relocation Plan the replacement housing needs for this site are one (1) two-bedroom unit and two (2) three- bedroom units for the tenants and one (1) two-bedroom unit for the owner. The following table indicates the property location, when relocation occurred and when replacement unit are required to be available. Table 5 RELOCATION PROPERTIES AND REPLACEMENT HOUSING REQUIREMENTS Property Location Relocation Date Date Replacement Unit Required 714 North Dalton Avenue July 1988 July 1992 716 North Dalton Avenue September 2002 September 2006 720 North Dalton Avenue September 2002 September 2006 726 North Dalton Avenue July 2005 July 2009 Source: Redevelopment Agency of the City of Azusa In addition to the four residential units, there were two affected business uses. One, located at 303 East Foothill Boulevard, was a small retail store tenant (approximately 1,125 square feet) that sold fresh flowers and offered a dry-cleaning pick-up service. This business was relocated in May 2007. The other business was an electrical contracting business located at 728 North Dalton Avenue in a 1,600 -square foot building that was owned and occupied by the business owner. This business was relocated in October 2005. City of Azusa Five -Year Implementation Plan Midterm Review Page 17 Inclusionary Housing Requirements Redevelopment Law requires that a certain number of units built in the Project Area must be affordable to low- and moderate -income families. Specifically, 15% of the total number of units developed by an entity other than the Agency within the Project Area and 30% of units developed by the Agency, constructed and owned by the Agency regardless of location are required to be inclusionary. The Agency will incur additional housing production units based upon the specific housing projects built or currently under construction within the CBD Project. The total number of units built or currently under construction during this review period is 149 units. The housing production requirement for these units equals nine units affordable to very low-income households and 13 units for low- and moderate -income households. However, based upon the calculation contained within the Implementation Plan, the Agency will have a credit of 82 units at the conclusion of this plan cycle and will not be required to produce any additional unit to maintain compliance with the inclusionary housing requirements. Housing Units Sold Prior to Expiration of Affordability Covenants As stated in the Redevelopment Law, the Agency may permit sales of owner -occupied units prior to the expiration of the 45 -year period for affordability. The Agency is required, within three years from the date of the sale of a unit, to expend funds to make affordable an equal number of units at the same income level as unit sold. During this review period, there have been eight additional units sold prior to the expiration of the affordability convenants. Assembly Bill 637- Statement of Awareness Assembly Bill 637, which became effective January 1, 2002, created additional housing requirements on redevelopment agencies. These changes are summarized as follows: (i) 20% set-aside funds must be spent in proportion to the community's need as defined in the community's approved Housing Element, (ii) replacement housing units must remain affordable for 45 years for ownership housing and 55 years for rental housing, and (iii) inclusionary housing must be affordable for 45 years for ownership housing and 55 years for rental housing. This implementation plan requires that Assembly Bill 637 be officially addressed. Under Redevelopment Law, the first time period to implement the requirements for targeting of monies in the Housing Fund is on or before December 31, 2014, and each ten years thereafter. Redevelopment agencies, beginning January 1, 2002, are now required to spend housing set-aside funds in proportion to the community's need as defined in the Housing Element. Azusa's Housing Element concluded that there is a need for 183 very low-income units, 135 low-income units, and 156 moderate -income units. As a result, under the new law the Agency must spend housing set-aside funds in the following proportions: City of Azusa Five -Year Implementation Plan Midterm Review Page 18 Very Low Income Low Income Moderate Income Total 11111T,9112=061 183 135 156 474 • pro 39% 28% 33% 100% Hence, the Agency must spend at least 39% of housing set-aside funds on housing affordable to very low-income households, and at least 28% of housing set-aside funds on low-income households. Additionally, the law states that the maximum proportion of funds that can be spent on senior citizen projects is equal to the percentage of the population above the age 65. The 2000 Census found that 7% of Azusa's population is above the age of 65. Under the new law, effective January 1, 2002, only 7% of housing set-aside funds may be spent on affordable senior housing. IV. PUBLIC HEARING NOTIFICATION REQUIREMENTS Notice of public hearings conducted pursuant to Redevelopment Law, shall be published pursuant to Section 6063 of the Government Code, mailed at least three weeks in advance to all persons and agencies that have requested notice, and posted in at least four permanent places within the project area for a period of three weeks. Publication, mailing, and posting shall be completed not less than 10 days prior to the date set for hearing. The Notice of Public Hearing was published in the Azusa Herald on May 15, 22 and 29, 2008 and posted in at least four permanent places within the three project areas on May 14, 2008. This report was available for public review on at the City Clerk's Office and at the Redevelopment Agency at 213 E. Foothill Boulevard, Azusa. In addition; the document was available at the Azusa City Library at 729 N. Dalton Avenue. V. RECOMMENDATION Staff recommends that the Agency receive testimony on progress of the CBD Project, the West End Project and the Ranch Center Project in compliance with Section 33490(c) of the California Health and Safety Code. City of Azusa Five -Year Implementation Plan Midterm Review Page 19