HomeMy WebLinkAboutResolution No. 76130 •
RESOLUTION NO. 7 613
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA ACKNOWLEDGING RECEIPT OF THE
REPORT TO THE CITY COUNCIL OF THE CITY OF
AZUSA ACCOMPANYING AMENDMENT NUMBERS IV
AND V TO THE REDEVELOPMENT PLAN FOR THE
AZUSA CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT
WHEREAS, The Redevelopment Agency of the City of Azusa has prepared Amendment
No. IV and V to the Redevelopment Plan for the Azusa Central Business District
Redevelopment Project; and
WHEREAS, Section 33457 of the California Health and Safety Code requires that
every Redevelopment Plan Amendment submitted by the Redevelopment Agency to the
legislative body shall, to the extent warranted, be accompanied by a report on the proposed
Redevelopment Plan Amendment which conforms to Section 33352; and
WHEREAS, The Agency has authorized transmittal of the Report to the City Council
accompanying Amendment Numbers IV and V to the Redevelopment Plan for the Azusa
Central Business District Redevelopment Project, attached hereto as Exhibit "A."
NOW, THEREFORE, the City Council of the City of Azusa does resolve as follows:
SECTION 1. The City Council hereby receives the Report to City Council
accompanying Amendment Numbers IV and V to the Redevelopment Plan for the Azusa
Central Business District Redevelopment Project.
SECTION 2. The City Clerk shall certify to the adoption of this resolution.
APPROVED AND ADOPTED THIS 3rd day of December, 1984.
THE CITY COUNCIL OF
THE CITY OF AZUSA
By:o�—
May
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of Azusa, at a regular meeting thereof, held on the 3rd day of
December, 1984, by the following vote of the Council:
AYES: COUNCILMEMBERS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
Deputy City Clerk
r0 (0
REPORT TO THE AZUSA CITY COUNCIL
ACCOMPANYING
AMENDMENT NUMBERS IV AND V
TO THE REDEVELOPMENT PLAN FOR THE
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
November 19, 1984
REPORT TO THE AZUSA CITY COUNCIL
ACCOMPANYING
AMENDMENT NUMBERS IV AND V
TO THE REDEVELOPMENT PLAN FOR THE
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
I. Introduction
The purpose of this report is to provide the City Council with a comprehensive presentation
of Redevelopment Agency and Planning Commission activities to date along with other
information necessary to assist the City Council in making a decision to amend the
Redevelopment Plan for the Azusa Central Business District Redevelopment Project. This
Report to the City Council of Azusa concerning Proposed Amendment Numbers IV and V to
the Redevelopment Plan has been prepared pursuant to California Community
Redevelopment Law, Health and Safety Code, Section 33457.1. This Section requires that
"to the extent warranted by a proposed amendment to a redevelopment plan ... the reports
and information required by Section 33352 shall be prepared and made available prior to the
hearing on such amendment." This Report to City Council provides the information required
by Section 33352 as warranted by the proposed Redevelopment Plan Amendments.
Specifically, the Report to City Council is organized as follows:
I. Introduction
II. Background
III. Reasons for Amending Redevelopment Plan
IV. Method of Financing the Project
V. Analysis of the Preliminary Plan and Report and Recommendations
of the Planning Commission
VI. Citizen Participation
VII. Environmental Assessment
VIII. Appendix Exhibits
1
4 4
This format provides the City Council with the relevant information necessary to
effectively consider the proposed Amendments.
This Report to City Council pertains to both Amendments to the Redevelopment Plan:
Amendment Number IV and Amendment Number V. Amendment Number IV deannexes the
Miller Brewery property from the Azusa Central Business District Redevelopment Project
Area, and Amendment Number V annexes it back into the Project Area. This Report to City
Council discusses the combined effects of both Amendments. Exhibit lA and 2B show the
boundaries of the property subject to Amendments IV and V.
IL Background
On May 23, 1984, the Planning Commission for the City of Azusa adopted Resolution No.
2021, selecting boundaries for Amendment No. V to the Azusa Central Business District
Redevelopment Project and approving a Preliminary Redevelopment Plan. The Azusa
Redevelopment Agency received the Preliminary Plan on June 4, 1984, and authorized
transmittal of the documents required under Section 33328 of the California Health and
Safety Code. The documents were transmitted to the State Board of Equalization, County
Auditor, Assessor, Tax Collector, and other affected taxing entities on June 5, 1984. The
State Board of Equalization accepted the project for filing on June 13, 1984.
Subsequently, the following actions have been taken by the Redevelopment Agency and City:
Date Action
Amendment Number V
10/1/84 Redevelopment Agency Resolution No. 84-158 acknowledging receipt of
Amendment No. V to the Redevelopment Plan and authorizing transmittal
to the City Council, Planning Commission, Chief Administrative Officer of
Los Angeles County, and other affected taxing entities.
10/1/84 Redevelopment Agency Resolution No. 156 consenting to a joint public
hearing with the City Council to consider the Amendment No. V to the
Redevelopment Plan.
R1
Date
Action
10/1/84
City Council Resolution No. 7575 consenting to a joint public hearing with
the City Council to consider the Amendment No. V to the Redevelopment
Plan.
10/1/84
Redevelopment Agency Resolution No. 155 adopting a Relocation Method
for the Azusa Central Business District Redevelopment Project Area, as
amended.
10/1/84
Redevelopment Agency Resolution No. 154 adopting Rules Governing
Participation and Re-entry Preferences for Property Owners, Operators of
Businesses, and Tenants in the Azusa Central Business District
Redevelopment Project as amended.
10/1/84
Redevelopment Agency Resolution No. 157 making a finding that the
provision of low- and moderate -income housing outside the Project Area is
of benefit to the Project Area.
10/1/84
City Council Resolution No. 7576 making a finding that the provision of
low- and moderate -income housing outside the Project Area is of benefit to
the Project Area.
Amendment No. IV
10/15/84
Redevelopment Agency Resolution No. 160 acknowledging receipt of
Amendment No. IV to the Redevelopment Plan and authorizing transmittal
to the City Council, Planning Commission, Chief Administrative Officer of
Los Angeles County, and other affected taxing entities.
10/15/84
Redevelopment Agency Resolution No. 161 consenting to a joint public
hearing with the City Council to consider the Amendment No. IV to the
Redevelopment Plan. 1
10/15/84
City Council Resolution No. 7581 consenting to a joint public hearing with
the Redevelopment Agency to consider Amendment No. IV to the
Redevelopment Plan.
The map and
legal description for Amendment No. IV was transmitted to the various
affected taxing entitites on October 7, 1984.
III. Reasons for Amending Redevelopment Plan
On September 18, 1978, the Azusa City Council approved Ordinance No. 2062 and adopted
the original Redevelopment Plan for the Azusa Central Business District Redevelopment
Project. The Redevelopment Plan has since been amended three times: Amendment No. I
on July 2, 1979; Amendment No. II on July 20, 1981; and Amendment No. III on November
28, 1983. Amendment No. IV is being concurrently processed with Amendment No. V, and
K
action will be taken on Amendment No. IV prior to consideration of Amendment No. V. A
joint public hearing of the Redevelopment Agency and City Council is scheduled for
December 3, 1984, to consider Amendment Numbers IV and V to the Redevelopment Plan for
the Azusa Central Business District Redevelopment Project.
Amendment No. II to the Redevelopment Plan for the Azusa Central Business District
Redevelopment Project added six parcels totaling 93 acres to the Project Area. The former
Miller Brewery site, representing 38.5 acres, was one of the parcels added. Although the
Miller site comprised only 41.4 percent of the total Amendment No. II Project Area acreage,
it accounted for 78.7 percent of the Project Area's base year assessed valuation of
$23,200,380. After Miller Brewery relocated its production facilities, the site was cleared
and the property diminished in value to just $2,874,806 or 12.4 percent of the initial base
year assessed valuation. In short, because the base year for tax allocation purposes was
established before the plant relocated to Irwindale, the subsequent removal of plant and
equipment resulted in a substantial decline in Project Area assessed valuation, thereby
eliminating the Amendment No. R Project Area's contribution to Redevelopment Agency tax
increment revenue. Under California Redevelopment Law, new development in the Project
Area would have to increase assessed values by almost $16 million before the
Redevelopment Agency would receive tax increment revenues.
The public costs necessary to redevelop the former Miller Brewery site are extraordinary.
The private sector has been unable to develop the site without significant Redevelopment
Agency assistance. The site suffers from economic blight, meaning that there are
inadequate public improvements which cannot be remedied by the public or private sectors
acting alone. As a result, the property remains stagnant depriving the City of new jobs and
municipal revenues and thereby imposing an increasing burden upon the City to provide
public services to its citizens. In recognition of these blighting conditions, the Azusa
Redevelopment Agency entered into an Owner Participation Agreement whereby it agreed
to provide financial assistance to encourage immediate development of a portion of the site
(Phase I). The public improvement deficiencies and their respective costs are as follows:
4
Public Improvement Estimated Cost
Phase I Development
1. Widen & Reconstruct Eighth Street $ 250,000
from Vernon to Loren
2. Reconstruct Water Utility System $ 200,000
Sub-Total(Phase I) $ 450,000
Phase II Development
3. Extend Eighth Street from Loren $1,200,000
to Todd
4. Reconstruct Water Utility System $ 2001000
Sub -Total (Phase II) 1,400,000
Total (Phase I and II) $1,850,000
The Agency cannot finance these extraordinary improvement costs without receiving the tax
increment revenue generated by redevelopment of the site. Amendment Numbers IV and V
essentially amend the financial terms of the Amendment No. II to the Redevelopment Plan
by adjusting the base year for purposes of tax allocation on the former Miller Brewery
property.
California Community Redevelopment Law requires that all non-contiguous areas of the
project area shall be " ... either blighted or necessary for effective redevelopment Nealth
and Safety Code Section 33320.2).x' When the subject site was originally included as part of
Amendment No. II, the Azusa City Council made a finding that the site was blighted and
necessary for effective redevelopment. Although the site has been cleared and one element
of blight removed, blighting conditions remain in the form of deficient public improvements.
Neither the public nor private sectors have been able to construct these improvements
alone. Thus, again, as part of Amendment No. V, the City Council can make a finding of
blight for the subject site.
By removing the blighting conditions, the Agency will encourage new investment in the
community totaling an estimated $21 million. The 600,000 square feet of industrial space
will create some 1,200 jobs, alleviating above-average unemployment rates in the Azusa
5
area. Indirect investment spurred by the revitalization of the area will add many more jobs
and generate new income. For the City of Azusa, which has a per capita income of just 74
percent of the County's, this development will provide a significant boost to the local
economy, thereby relieving social and economic maladjustment.
IV. Financing the Project
A. Method for Financing Project
The Agency proposes to finance the Project using tax increment revenues, grants as
available, loans from the City of Azusa, or other sources of funding. Depending upon
market conditions and the availability of tax increment revenue, the Agency may issue
tax allocation bonds to finance the project. This will enable the Agency to complete
the Project in a much shorter time period than if it were forced to complete projects
on a pay-as-you-go basis.
B. Analysis of County Fiscal Officer Report
Pursuant to Section 33328 of the California Health and Safety Code, the County
officials charged with allocating taxes are required to prepare and deliver, within 90
days of receipt of the Plan, to the Redevelopment Agency and each of the affected
taxing agencies a report containing the following;
A. The total assessed valuation of all taxable property within the Project Area as
shown on the base year assessment roll.
B. The identification of each taxing agency levying taxes in the Project Area.
C. The amount of tax revenue to be derived by each taxing agency from the base
year assessment roll from the Project Area, including state subventions for
homeowners, business inventory, and similar such subventions.
D. For each taxing agency, its total ad valorem tax revenues from all property
within its boundaries, whether inside or outside the Project Area.
E. The estimated first year taxes available to the Redevelopment Agency, if any,
based upon information submitted by the Redevelopment Agency, broken down
by taxing agencies.
6
4
F. The assessed valuation for the Project Area for the preceeding year or, if
requested by the Redevelopment Agency, for the preceeding five years, except
for State assessed property on the board roll.
The County of Los Angeles Auditor -Controller submitted the report contained in the
Appendix as Exhibit 2. The report identifies the total base year and prior year assessed
valuation of all taxable property within the Project Area (except for public utility values),
the identity of each taxing agency levying taxes, and the total ad valorem property tax
revenues received by each taxing agency for its entire taxing area. The report does not
show the amount of tax revenue to be derived from the base year assessment roll by each of
the affected taxing entities. If this information becomes available prior to the public
hearing, it will be included in the public record.
The State Board of Equalization reported in Exhibit 3 that there was no state -assessed
property located within the proposed Amendment Number V Project Area.
The base year assessed valuation of local secured and state assessed property within the
Project Area is as follows:
Base Year Assessed Value (1984-85)
Secured Assessed Value $ 2,675,191
Unsecured Assessed Value $ 1,040
State Assessed Property Value $ -0-
Total Project Area Assessed Value (1984-85) $ 2,676,231
Total Project Area Assessed Value (1983-84) $ 2,647,805
Percent Increase from 1983-84 to 1984-85 1.1%
The total assessed value of the Project Area grew by a meager 1.1 percent over the
last year. This is below the Proposition 13 permitted two percent increase, indicating
that personal property was removed from the Project Area. Since 1980, the value of
the Project Area has declined by $15.6 million or roughly 38 percent per year.
7
The total taxes to be levied in 1984-85 on the Project Area is $31,316. The combined
tax rate, therefore, is 1.17($31,316/$2,676,231). Technically, the Agency would be
entitled to receive the taxes which would be generated by applying the existing tax
rate (i.e. 1.17) to the incremental assessed value of the Project Area after 1984-85.
The tax rate should decrease towards 1.0 percent as bonded debt issued prior to
Proposition 13 is paid off.
Because the County Fiscal Officer Report did not disaggregate the 1.0 percent general
tax levy, it is not possible to identify the percent of taxes allocable to the various
taxing entities. The County of Los Angeles has indicated that its share of the general
tax levy is 52.0 percent. Should additional information become available, it will be
included as part of the public record.
C. Consultations with Affected Taxing Agencies
The Agency has through written communication advised the various taxing agencies of
the proposed Amendment Numbers IV and V to the Redevelopment Plan for the Azusa
Central Business District Redevelopment Project. Negotiations have been initiated
and the outcome of said negotiations will be reported as they are completed.
D. Project Feasibility
The major objective of the proposed Redevelopment Plan Amendments is to eliminate
the conditions of blight by constructing essential public improvements. The deficient
public improvements have contributed to the economic disuse of the Project Area.
The cost of said public improvements is estimated to be $1,850,000.
If bonds were to be issued, the net bond proceeds would have to equal $1,850,000 to
complete the improvements. Assuming this net cash requirement, the Agency must
issue bonds in a gross amount of about $2.4 million. This assumes that approximately
30 percent of the bond issue will need to be set aside for debt service reserves, bond
discounts, and normal issuance costs.
Assuming a bond issue at 10 percent per annum amortized over 15 years, it will take
approximately $315,500 per year to properly service the debt over its term. If a debt
service coverage ratio of 125 percent is required to provide prospective bond buyers
with a reasonable margin of security, then $394,400 per year of tax increment revenue
would need to be pledged toward payment of the $2.4 million bond issue.
The property owner has committed to an assessed value (land and improvements) in
Phase 1 equal to $9.5 million. This includes a land value of approximately $3.0 million
for the entire Site and improvements on 50% of the Site which would have a value of
approximately $6.5 Million. The Agency has projected that the Phase 2 development
would yield a building value of approximately $7.0 million. Therefore the entire site
would have a total assessed value of $16.5 million. Tenant improvements typically add
some 33% to value for a total estimated buildout value of $20,955,000.
Since tax increment revenue is expected to be the essential funding source, the
Agency's ability to finance the redevelopment program cannot be determined until
fiscal review negotiations are completed. Based upon certain assumptions regarding
fiscal review, Exhibit 4 presents the results of three alternative tax increment
financing scenarios.
I. As provided for under the terms of the existing tax increment disbursement
agreement if the Agency were not to amend the CBD Project Area;
2. As proposed by the Agency after adjusting the base year for determining
incremental assessed valuation from its 1980 value ($18,500,000) to its
1984 value ($2,676,231) and utilizing the terms of the current tax
increment disbursement agreement; and
3. as propsed in a County submitted tax increment disbursement Agreement
utilizing the 1984 base assessed value ($2,676,231) and a flat 48%
increment disbursement to the Agency.
Under the current situation (Alternative 1), the Project generates a nominal $737,081
in tax increment revenue. Clearly, the Agency could not finance the full cost of the
improvements under this scenario. This fact contributed to the need for these two
Plan Amendments.
Scenarios. 2 and 3 show a more positive picture. Under Scenario 2, the Agency will
receive roughly $2.8 million over the next twenty years. Under Scenario 3, the Agency
9
will receive approximately $1.9 million over the same period. Obviously, the best
alternative for the Agency is Scenario 2.
None of the scenarios show sufficient tax increment for the Agency to issue bonds for
the full cost of the public improvements. To complete the improvements, the Agency
will have to combine tax increment revenue from this Project Area with that from the
remainder of the CBD Project Area. The combined tax increment revenue could then
support a bond issue of size sufficient to complete the proposed public improvements.
W. Analysis of the Preliminary Plan and Report and Recommendations of the Planning
Commission
The Preliminary Redevelopment Plan for Amendment No. V to the Redevelopment Plan for
the Azusa Central Business District Redevelopment Project was approved by the Planning
Commission on May 24, 1984. The Preliminary Plan selected the boundaries and set forth
the basic redevelopment purpose and strategy. The proposed Amendment No. V conforms to
the Preliminary Plan and proposes the same land uses, principal streets, building and
population intensities.
The Planning Commission is scheduled to review the Amendment No. V on November 21,
1984. The Planning Commission will be paying particular attention to the Plan's conformity
to the City's General Plan. The Planning Commission's action will be reported at the public
hearing on December 3, 1984.
V. Citizen Participation
As required by the Redevelopment Law, the Project Area Committee has been scheduled to
meet on November 29, 1984, to consider the proposed Amendment No. V. In addition, a
citizen's forum is scheduled for November 26, 1984, and notices were mailed to property
owners within the entire Central Business District Redevelopment Project Area. The
citizen's forum will provide information and feedback to the residents and businesses in the
Project Area who may have concerns relative to the proposed Amendment.
10
VI Environmental Assessment
An Environmental Impact Report was prepared for the Project Area when it was originally
included in the Azusa Central Business District Redevelopment Project Area. The City
Council certified the EIR and approved the Redevelopment Plan for the Project. Under
CEQA, all public and private activities undertaken pursuant to or in furtherance of the
redevelopment plan constitute a single project, which is deemed approved at the time of
adoption of the redevelopment plan.
Consistent with this, on September 17, 1984, the Redevelopment Agency adopted a Negative
Declaration for the Owner Participation Agreement with Messenger Investment Company.
The proposed industrial project was consistent with the property's zoning and general plan
designations as well as the Redevelopment Plan. The Owner Participation Agreement was
an activity undertaken pursuant to an approved redevelopment plan.
Amendment Numbers IV and V will not have any direct physical environmental impact
beyond that already considered by the City Council and Redevelopment Agency. An initial
study has prepared and a Notice of Intent to Adopt a Negative Declaration was published in
the Azusa Herald on November 14, 1984. The Redevelopment Agency and City Council will
consider said Negative Declaration and any comments received on December 3, 1984.
11
APPENDIX EXHIBITS
1
Amendment NoOV to the Azusa Centra(3usmess District
Redevelopment Project Area '
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Amendment No. V to the Azusa Central Business District
Redevelopment Project Area '
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f. EXHIBIT 2
COUNTY OF LOS ANGELES / AUDITOR -CONTROLLER
°tl TAX DIVISION
(?L, 153 HALL OF ADMINISTRATION, LOS ANGELES, CA. 90012
(213) 974-8361
4uor �`� •
MARK H. BLOODGOOO October 23, 1984
AUDITOR -CONTROLLER
THOMAS J. KOZLOWSKI
DANIEL O. IKEMOTC, �!•�-
ASSISTANT AUDI -TOR -CONTROLLERS -• -� �, t'
Mr, Lloyd V. Wood
Executive Director
Community Redevelopment Agency
City of Azusa
213 East Foothill Boulevard
Azusa, California 91702
Dear Mr. Wood:
Re: Azusa CBD Redevelopment Agency Amend. #V
MICHAEL L. GALINDO, CHIEF
TAX DNISION
The attached schedules are transmitted to your agency in compliance
with Section 33328 or 33328.3 of the Health and Safety Code.
We are also submitting our invoice for the costs incurred in pre-
paring these schedules as provided in Section 33328.7 of the Health
and Safety Code.
If you have any questions regarding the schedules or billing,
please contact Richard Ballard at (213) 974-8379•
Very truly yours,
MARK H. BLOODGOOD
AUDITOR -CONTROLLER
Michael L. Galindo
Division Chief
MHB:MLG:JAG:cs
Attachments
cc: Ms. Sharon Yonashiro
AUDIICR-MM)LLER, TAX DIVISICN
Azusa - Amend. V "Miller Brewery"
Schedule of Base Year Assessed Valuations
Fiscal Year 1984-85
Secured Valuations
Locally Assessed
Land $1,966,764
LTprovarents 70,427
Personal Property
Gross Total $2,675,191
Less: ExeNptiCns --
Total - Locally Assessed $20675,191
Public Utility Not Available
Land --
Lmprove mats --
Personal Property --
Total - Public Utility -
Total Secured Valuations $2,675,191
Unsecured Valuations
Land --
Improvements --
Personal Property 1,040
Gross Total
Less: EKemPtions --
1,040
Total - Unsecured
$2,676,231
AUDITOR--0QJrpOELER, TAX DIVISICN
Azusa - Amend, V "Hiller Brewery
Schedule of Assessed Valuations
Fiscal Year 1983-84
Secured Valuations
Telly Assessed
Land
$1,928,201
irprovaTents
694,537
Personal Property
25,067
Gloss Total
2,647,805
Tess: E7.ap`acros
--
.btal - Locally Assessed
$2,647,805
Public Utility
Not Available
hand
--
Inprove m..nts
--
Personal Property
--
Total - Public Utility
—
Total Secured Valuations 52,647,805
Unsecured Valuations
Land --
Inprovamnts --
Personal Property --
Gross Total -'
Less: Exemptions
Total - Unsecured
4
$2,647,805
AUDITOR -CONTROLLER, TAX DIVISION
Azusa Amend. V - "Miller Brewery"
Schedule of Base Year Revenue - Secured
Fiscal Year 1984-85
Acct.
No. Agency
A.V.
Rate
Revenue
1.42
Hospital Facilities
No. 2 D.S.
21675,191
.000578
$ 15.46
30.50
L.A.Co.Fl.Con.Storm
Dr. D.S. #2 '58
2,675,191
.003834
102.57
30.55
L.A.Co.Fl.Con.Storm
Dr. D.S.#3 164
2,675,191
.005105
136.57
30.60
L.A.Co.F1.Con.Storm
Dr. D.SJ4
2,675,191
.006928
185.34
63.85
Co. Sanitation Dist.
No. 22 Debt S.
2,675,191
.003012
80.58
791.04
Citrus Community College
Dist.
2,675,191
.006979
186.70
818.03
Azusa Unified School
Dist.
2,675,191
.141802
3,793.1+1
818.50
Azusa Unified Debt Service
21675,191
.001904
50.94
Total Debt Service
,551.63
1.00
General Tax Levy
29675,191
1.000000
26,751.91
Grand Total
$31,303.54
(6 14
AUDITOR -CONTROLLER, TAX DIVISION
AZUSA AMEND V - "MILLER BREWERY"
Schedule of Base Year Revenue - Unsecured
Fiscal Year 1984-85
Acct. No.
Agency
A. V.
Rate
Revenue
1.42
Hospital Facilities No. 2 D.S.
1,040
.000649
$ .01
30.50
L.A.Co.Fl.Con.Storm Dr. D.S. H2 '58
1,040
.004327
.05
30.55
L.A.Co.Fl.Con Storm Dr.D.S.#3 '64
1,040
.005592
.06
30.60
L.A.Co.F1.Con Storm Dr.D.S.#4
1,040
.007365
.08
63.85
Co.Sanitation Dist. #22 Debt S.
1,040
.003258
.03
791.04
Citrus Community College Dist.
1,040
.010359
.11
818.03
Azusa Unified School District
12040
.133695
1.39
818.05
Co. Sch. Bldg. Aid Fd. - Azusa
1,040
.000233
0
818.50
Azusa Unified Debt Service
1,040
.005808
.06
Total Debt Service
1.79
1.00
General Tax Levy
1,040
1.000000
10.40
Grand Total
$12.19
AUDITOR CONTROLLER - TAX DIVISION
Azusa Amend V (MILLER BREWERY)
Schedule of Ad Valorem - Tax Revenue - 1%
Fiscal year 1984-85
Revenue
Acct. No.
Agency Name
(Net of CRA PTR)
1.05
Los Angeles County General
$1,105,720,454.09
1.20
L.A. County Accum. Cap. Outlay
245,617.47
7.30
Consol. Fire Pro. Dist. of L.A. Co.
93,963,607.27
30.10
L.A. CO.FI.Con.Dr. Imp. Dist. Maint.
5,825,312.28
30.70
L.A.Co.Flood Control Maint.
32,978,134.81
66.85
Co. Sanitation Dist.No. 22 Operating
838,815.10
112.01
City - Azusa TD 1 CBD RP 82 ANX.
1,377,491.88
367.05
San Gabriel Val. Mun. Water Dist.
1,015,664.77
400.15
County School Services
2,821,983.59
400.21
Children's Instil. Tuition Fund
5,657,050.61
791.04
Citrus Community College Dist.
835,011.33
791.20
Children's CTR Fund Citrus C.C.
21,937.08
818.03
Azusa Unified School District
1,818,005.64
818.06
Co. Sch. Serv. Fd. - Azusa
78,617.57
818.07
Dev. Ctr. Hdcpd. - Minor - Azusa
9,129.10
Total 1% Revenue
(Secured G Unsecured)
$1_,253,206,832.59
AUDITOR CONTROLLER - TAX DIVISION
Azusa Amend. V (Miller Brewery)
Schedule of Ad Valorem - Tax Revenue Debt Service
Fiscal Year 1984-85
Acct. No.
Agency Name
Adj. Rate Net
Rate
Revenue
Secured
1.42
Hospital Facilities No. 2 D.S.
211,605,330,663
.000578
S 1,223,078.81
30.50
L.A.Co.F1.Con.Storm Dr. D.S. #2
'58
209,519,046,093
.003834
8,032,960.23
30.55
L.A.Co.F1.Con.Storm Dr. D.S.#3
164
209,519,046,093
.005105
10,695,947.30
30.60
L.A.Co.Fl.Con.Storm Dr. D.S. A
209,519,046,093
.006928
14,515,479.51
63.85
Co. Sanitation Dist. No.22 Debt
S
5,622,632,450
.003012
169,353.69
791.04
Citrus Community College Dist.
3,636,251.334
.006979
253,773.98
818.03
Azusa Unified School Dist.
8880291,939
.141802
1,259,615.74
818.50
Azusa Unified Debt Service
888,291,939
OOi904
16,913.08
Total Debt Service Secured
36,167,122.34
Unsecured
1.42
Hospital Facilities No. 2 D.S.
15,574,401,510
.000649
$ 101,077.87
30.50
L.A. CO.Fi.Con.Storm Dr. D.S. #2
'58
61233,803,491
.004327
269,736.68
30.55
L.A.Co. Fl. Con.Storm Dr. D.S.#3
164
6,233,803,491
.005592
348,594.29
30.60
L.A.Co.Fl.Con Storm Dr. D.S. #4
6,233,803,491
.007365
459,119.63
63.85
Co.Sanitation Dist. #22 Debt S.
121,897,685
.003258
3,971.43
791.04
Citrus Community College Dist.
214,035,749
.010359
22,171.96
818.03
Azusa Unified School Dist.
84,426,753
.133695
112,874.35
818.05
Co.Sch.Bldg. AID FD -Azusa
84,426,753
.000233
196.71
818.50
Azusa Unified Debt Service
84,426,753
.005808
4,903.51
Total Debt Service Unsecured
$ 1,322,646.43
Grand Total (Secured b Unsecured) $37,489,768.77
EXHIBIT 3 ?ECEIVED
650
STATE OF CALIFORNIA fAIJ j 2 1 10PA
STATE BOARD OF EQUALIZATION
CONWAY D, H. taus
1020 N STREET, SACRAMENTO, CALIFORNIA / Cut h1TT.1iVP q F""uONINm G. JR.
ERNE Si J. DRONFNBURG. A.
(P.O. BOK 1799, SACRAMENTO, CALIFORNIA 93808) S. d0"« .Sm Dr
WILLIAM M BENNEn
(916) 322-2323 August 17, 1984 nwd Dn .KwN
RICHARD NMNS
F.n D..nN P..d..
KENNETH CM
Cwn.olle., Soc.w+r,rR
DOUGLAS D BELL
E.nnmw Sa. nrory
,Mr. Michael Galindo, Chief
Tax -Division of Aud.-Cont. Office 19
c/o Los Angeles County Aud.-Cont.
500 West Temple, Room 153
Los Angeles, CA 90012
Dear Mr. Galindo:
Pursuant to Section 33328 et seq. of the Health and Safety Code, there was no
state -assessed property located within the boundaries of the proposed
Amendment No. V to the Central Business District Redevelopment Project within
the City of Azusa.
This information will continue to be valid if the project boundaries remain
fixed and the ordinance adopting and approving the redevelopment plan for
this project becomes effective prior to August 20, 1985.
Very truly yours,
Jay E. Hubert
Area Office Administrator _.
VALUATION DIVISION
JEH:mb
cc:
Community Redevel. Agency
City of Azusa
EXHIBIT 4
U:
TO l,.C.EMEN'
T;OJECT::N
FFeE
FiiN SE
0,E
TAO
F1ECA;
A`SEESSEO
435BEED
It--.
_______
V'AR
_______
VAL!-E1
_______
VG(GE1
ME
FE,_ ._. OSLA .:.=.EEL
EASE A
_______
SO.0
TOTAL
G25
5)a,go. 00
$0.00
3
1956
511,845,cam
51,000,006.00
4
1;67
511,?71,500.00
59,310,000.0'0
5
1966
112,115,453.00
SIV12MOO
128,162.31
158;
512,357,757,16
$7,636,124.00
7
1530
smacyrno
S9,879,6 ms
8
1;91
112, eP,NV 95
310,;)77,413.41
SE E,2'.w
1512
17,114,101,37
510,276,992,28
10
1993
S13,376,444.60
SLG,4E4,572.12
1'
15;4
113,SC,S73.44
$10,694,263.57
R
ins
313,416,652.58
11G,906,14a.So
..
1;
$!1,B5,lwA2
511,126,31181
14
I5;7
;�4,g14,5.,,a2
$11,1'9,639.05
Is
YS
514,'!3,675.70
511,575,914.61
__
11
;;51('4,0;9.21
S;I,P07,33 711
17
"^
$15,;65,'•30.20
$12,043,477.13
IS
]01
$1.,6703V 0)
172µA4,341.29
1;
....
55,96.6189.51
$12,530,034.23
,..
203
10, R0111.33
512, Q634.31
107
5,;, ncl
313 S 2._.
twhmo
EXHIBIT 4
U:
TO l,.C.EMEN'
T;OJECT::N
KNEE
755E 'VA,_,E = $IS,25o,6`;.GC
IDS
_U3 1961-199: AGB:C'i RECEIVES 1001. TAS INDEMENT
..3 1981-1i;: ASENCi EECEI'iE9 9'). TAX: P5EMENT
'i EA%5 in:... 4FE6rl F.EGEICES 60: TAX IIb:6E,1E&T
.:1 : _ ,_�.''.n:_ .,8E '..:.'_7E = S2,h76,"'.•1.0.^.,
TE _
f4'. TA.. 1'•. _`F_XtT
..E!'C .._. _. c:`t TAX
I
-ii LES �'LH _ ?2,676,"_2i. i1O
ERPS
1 E5ic .,_.... ..___.1 CEf c11 EE -.1% .1 _,_._ E!;T
ME
FE,_ ._. OSLA .:.=.EEL
EASE A
0 , Eu POE 5
TOTAL
`EFCEh
CITY .:;,, a FLEE
E NTIN3 TF)..
F'.2 I ED EGAT.
ASSESSED
To
! _;:e ,,CEEM_.,
I1:.51m
11HR tiT
VA, 0E1
_______
RVUEE
-------
TEYS11
T -Ew
TEPM_Ik:i
f2,876µ3100
128,162.31
____________
(t?62,508.ii,;;
____________
11u
______________
OA .1
f9,5 O,OJii.OU
S»,OG0,00
R':a5,74',_v
whil
sic;
f]8,845,004.GG
f1A6,450.00
f:a7,50a.0 1
SE E,2'.w
S3:,754.G9
521,157,900.00
S2 11,619.00
13,°44,00
515ya, 63
176alf.05
121,611,h5E,0d
1218,116,58
$25,313.(;'
S?55,:16.65
355,8`,8,01
522,043,E91.16
1210,43SAI
133,810.56
=3N.27
rap Las
Q 01 Ql 3a
£2."4,64789
5.;:,;4 ,
il`_ , - --
i32,S41,77
$22,934064.36
5::29,344.54
S3'qu :5
1 Eqns. ..
S: ,u E9.58
$23,39'..,153.85
1233,931.54
$37,470.51
r,t2,C6`_•.E7
$S7,23;.52
$23,861,018.7'
$236,810.17
130,85[_.32
$I:;,3G1 54
$39,441.23
S24,39,237'6
$143,352.37
£33,682,50
1121106.71
5101,666.97
524,625,001,60
S:';EiPaD2
c 525.A2
$!27,977 04
Ski 3,977.5.•
125, in, 501 E:
f_ :,215,02
5,;, ncl
313 S 2._.
twhmo
0,021,9M.S7 67
5259,279.32
34=,4:5.41
5135,671.5.•
5;09,8+1.30
IMj44,49001
528l UC 91
US ;S- , 15
1138,510,2,
5111,!25.16
$26,671,-90.14
5265,713.60
5,48 ,_
3' ,'=9.58
111 ,65'.=5
127,409,601.93
1274,069.09
SE:1,M,66
S:;;to. 10
1116,1'.•'.11
527,4$+,91'4.65
10 169. 04
S =,94. __
CI- .'+5,48
1';.,716.37
1:9,516,123.77
$2E5,161.24
£;5,2'5.'.•^
1151, --- S4.c:
Sl: I, 3;?,ul
f29,pco,g46.Y•:
: :: E64.4h
3_.1,5;:,14
1:5 „ __
1! 4,0;',49
117
:e.'; =9:1.8-
65
UT F--KSBT VANE
@ 5% CIS"GENT
F9E
$413,:-_.43
$1,5]5,939._,
q wl,b5^.91
@ 7Z DISC_ NT
FATE
loo _.33
l;,T, ')8.02
ri2'_ 10.22
@ 3% OIKKI
F TE
1010a:
11,:'_ O01;
i677,mx)
KNEE
755E 'VA,_,E = $IS,25o,6`;.GC
IDS
_U3 1961-199: AGB:C'i RECEIVES 1001. TAS INDEMENT
..3 1981-1i;: ASENCi EECEI'iE9 9'). TAX: P5EMENT
'i EA%5 in:... 4FE6rl F.EGEICES 60: TAX IIb:6E,1E&T
.:1 : _ ,_�.''.n:_ .,8E '..:.'_7E = S2,h76,"'.•1.0.^.,
TE _
f4'. TA.. 1'•. _`F_XtT
..E!'C .._. _. c:`t TAX
I
-ii LES �'LH _ ?2,676,"_2i. i1O
ERPS
1 E5ic .,_.... ..___.1 CEf c11 EE -.1% .1 _,_._ E!;T
0
0
FINAL REPORT TO CITY COUNCIL
ACCOMPANYING
AMENDMENT NUMBERS IV AND V
TO THE REDEVELOPMENT PLAN FOR THE
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
December 3, 1984
0 0
The Final Report to City Council provides an update to information already presented to the
Redevelopment Agency and City Council in the Report to City Council accompanying
Amendment Numbers IV and V to the Redevelopment Plan for the Azusa Central Business
District Redevelopment Project. The Final Report to City Council consists of:
1. The Report to City Council accompanying Amendment Numbers IV and V to the
Redevelopment Plan for the Azusa Central Business District Redevelopment
Project.
2. Updates to:
a. Page 8, Consultations with Affected Taxing Agencies.
b. Page 10, Analysis of Preliminary Plan and Report and Recommendations of
C. Page 10, Citizen Participation.
UPDATE TO REPORT TO CITY COUNCIL
2a. Page 8, Consultations with Affected Taxing Agencies
Based on information supplied by the County of Los Angeles, the allocation of property
taxes from the Amendment Area is as follows:
On November 19, 1984, the Redevelopment Agency and City Council approved an
agreement for the allocation and distribution of tax increment funds with the County
of Los Angeles. As part of this agreement, the Agency shall reimburse to the County
of Los Angeles and Flood Control District fifty-two percent (52.0%) of the annual tax
increment. This represents the County's share of tax increments otherwise allocable
to the Redevelopment Agency. The County agrees, however, to defer receipt of its
tax increment reimbursement in order to assist the Agency with early implementation
of its projects. The Agency may obtain a deferral up to an amount necessary to
service debt on $450,000 of tax allocation bonds or notes. Repayment will occur when
tax increment revenue, less the County's fifty-two percent share, exceeds the annual
debt service of the $450,000 bonds of tax allocation or notes.
The San Gabriel Valley Municipal Water District adopted Resolution Number 11-84-328
attached hereto and requested that it receive, in addition to the taxes allocable to the
District from the base year assessment roll, any tax increment revenue generated as a
result of an increase in the District's tax rate. This election is authorized under
Section 33676(b) of the Community Redevelopment Law. It does not result in a direct
loss of tax increment revenue to the Redevelopment Agency.
Tax Rate
_
Percent
General
Bonded
of
Taxing Agency
Levy
Debt
Total
Total
County of Los Angeles
.5204
.0159
.5363
45.8
Azusa Unified School Dist.
.1936
.1437
.3373
28.8
City of Azusa
.1974
.0000
.1974
16.9
San Gabriel MWD
.0330
.0000
.0330
2.8
Citrus Community College
.0246
.0070
.0316
2.7
Sanitation Dst. #22
.0168
.0030
.0198
1.7
Other School/Mise.
.0142
.0006
.0148
1.3
1.0000
0.1702
1.1702
100.0%
On November 19, 1984, the Redevelopment Agency and City Council approved an
agreement for the allocation and distribution of tax increment funds with the County
of Los Angeles. As part of this agreement, the Agency shall reimburse to the County
of Los Angeles and Flood Control District fifty-two percent (52.0%) of the annual tax
increment. This represents the County's share of tax increments otherwise allocable
to the Redevelopment Agency. The County agrees, however, to defer receipt of its
tax increment reimbursement in order to assist the Agency with early implementation
of its projects. The Agency may obtain a deferral up to an amount necessary to
service debt on $450,000 of tax allocation bonds or notes. Repayment will occur when
tax increment revenue, less the County's fifty-two percent share, exceeds the annual
debt service of the $450,000 bonds of tax allocation or notes.
The San Gabriel Valley Municipal Water District adopted Resolution Number 11-84-328
attached hereto and requested that it receive, in addition to the taxes allocable to the
District from the base year assessment roll, any tax increment revenue generated as a
result of an increase in the District's tax rate. This election is authorized under
Section 33676(b) of the Community Redevelopment Law. It does not result in a direct
loss of tax increment revenue to the Redevelopment Agency.
0 0
The Azusa Unified School District has expressed a late interest in fiscal review
negotiations. Discussions are continuing with the School District to alleviate any
fiscal impace the Amendments may have.
2b. Page 10, Analysis of Preliminary Plan and Report and Recommendations of the
ni.,...,:.... rte ........:....:....
On November 21, 1984, the Planning Commission adopted Resolution No. 2094 and
determined that the Amendment No. V to the Redevelopment Plan conformed to the
General Plan of the City of Azusa. The Planning Commission's Resolution is attached
hereto for entry into the public record.
2c. Page 10, Citizen Participation
A meeting of the Project Area Committee was conducted on November 28, 1984. Only
two of the PAC members attended. Additionally, a citizen's information meeting was
held on November 26, 1984, at which information was presented to approximately five
individuals concerning the proposed Amendments.
Mr. Lloyd Wood
Executive Director
City of Azusa Redevelopment Agency
213 East Foothill Boulevard
Azusa, CA 91702
Re: City of Azusa Central Business District Redevelopment
Project - Amendment No. V
Dear Mr. Wood:
Regarding the above -referenced matter, enclosed find a
certified copy of Resolution No. 11-84-328, duly adopted
by the Board of Directors of the District at their meeting
of November 9, 1984.
Very truly yours,
WILLIAM M. WHITESIDE
General Manager
WMW:yMCV
Enclosure
cc: Los Angeles
Los Angeles
County Auditor -Controller
County Tax Collector
BOYD KERN OPERATIONS CENTER. 549 EAST SIERRA MADRE AVENUE. P.O. BOX 1299. AZUSA. CALIFORNIA 91 702
TEL. (81 BI 969-271 B. 9693613
SAN
GABRIEL
VALLEY MUNICIPAL WATER
DISTRICT
568 EAST FOOTHILL BOULEVARD, SUITE 209
P. O. BOA 1 299
AZUSA. CALIFORNIA 91702
(816)969 7911
DIRECTORS
'
PRESCOTT O. LIEBERG. JR.
WILLIAM M. WHITESIDE
PRESIDENT
GENERAL MANAGER
ASSISTANT SECRETARY -TREASURER
MYRON V. JOHNSON
VICE PRESIDENT
November 9, 1984
BOB L. STALLINGS
DONALD F. CLARK
ASSISTANT MANAGER
- -
,'�
SECRETARY TREASURER
RALPH B. HELM
COUNSEL
C. ROBERT KEIS ER
iQr)�, THOMAS M. STETSON
BERNARD P.WESTKAMPER
- CONSULTING ENGINEER
Mr. Lloyd Wood
Executive Director
City of Azusa Redevelopment Agency
213 East Foothill Boulevard
Azusa, CA 91702
Re: City of Azusa Central Business District Redevelopment
Project - Amendment No. V
Dear Mr. Wood:
Regarding the above -referenced matter, enclosed find a
certified copy of Resolution No. 11-84-328, duly adopted
by the Board of Directors of the District at their meeting
of November 9, 1984.
Very truly yours,
WILLIAM M. WHITESIDE
General Manager
WMW:yMCV
Enclosure
cc: Los Angeles
Los Angeles
County Auditor -Controller
County Tax Collector
BOYD KERN OPERATIONS CENTER. 549 EAST SIERRA MADRE AVENUE. P.O. BOX 1299. AZUSA. CALIFORNIA 91 702
TEL. (81 BI 969-271 B. 9693613
. 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
0 0
RESOLUTION NO. 11-84-328
A RESOLUTION OF THE BOARD OF DIRECTORS OF SAN GABRIEL
VALLEY MUNICIPAL WATER DISTRICT ELECTING TO RECEIVE
ALLOCATION OF TAXES PURSUANT TO THE COMMUNITY
REDEVELOPMENT LAW
BE IT RESOLVED by the Board of Directors of San Gabriel
Valley Municipal Water District that this District hereby elects
to be allocated, in addition to the portion of taxes allocated
to this District pursuant to subdivision (a) of 933670 of the
Community Redevelopment Law (§§33000 et seq. of the Health and
Safety Code of the State of California), all of the tax revenues
allocated to the Redevelopment Agency of the City of Azusa
pursuant to subdivision (b) of said §33670 attributable to any
increases in this District's tax rates which occur after the tax
year in which the ordinance adopting the Amendment No. V to the
Azusa Central Business District Redevelopment Project becomes
effective.
BE IT FURTHER RESOLVED, that the Secretary is hereby
directed to file forthwith certified copies of this resolution
with the governing body of the Redevelopment Agency of the City
of Azusa, the Auditor -Controller, and the Tax Collector for the
County of Los Angeles.
PASSED, APPROVED AND ADOPTED th}.s�th day of November ,
1984.
ATTEST:
Secretary
1
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3
4
5
6
7
8
9
10
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12'
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
0 0
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES)
I, DONALD F. CLARK, Secretary of the Board of Directors of
San Gabriel Valley Municipal Water District, DO HEREBY CERTIFY
that the above and foregoing is a full, true and correct copy of
Resolution No. 11-84-328 of said Board, and that the same has
not been amended or repealed.
DATED: November 9, 1984
(SEAL)
Secretary of San Gabriel Valley
Municipal Water District and of the
Board of Directors thereof.
RESOLUTION NO. 2094
A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY
OF AZUSA FINDING THAT THE PROPOSED AMENDMENT NO. V
TO THE REDEVELOPMENT PLAN FOR THE AZUSA CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT CONFORMS TO
THE GENERAL PLAN OF THE CITY OF AZUSA AND
TRANSMITTING ITS REPORT AND RECOMMENDATION TO THE
REDEVELOPMENT AGENCY.
WIIERFAS, on May 23, 1984, this Commission approved Resolution No. 2021 and
thereby adopted a Preliminary Plan for Amendment Number V to the Redevelopment Plan
for the Azusa Central Business District Redevelopment Project; and
WHEREAS, said Planning Commmission Resolution directed the Secretary of this
Commission to transmit the Preliminary Plan to the Redevelopment Agency of the City of
Azusa for the preparation of an official Redevelopment Plan for the project; and
WHEREAS, subsequent to the adoption of Planning Commission Resolution No. 2021, a
Redevelopment Plan for the Amendment Number V to the Azusa Central Business District
Redevelopment Project was prepared and transmitted to this commission; and
WHEREAS, the boundaries of the Amendment No. V to the Redevelopment Plan for
the Azusa Central Business District Redevelopment Project are specifically described in the
Redevelopment Plan; and
WHEREAS, a cop3PdNhe Redevelopment Plan is attached hereto as Exhibit "A"; and
WHEREAS, this Commission has reviewed the Redevelopment Plan with particular
regard to the Plan's conformity to the General Plan of the City of Azusa; and
WHEREAS, the purpose of the Amendment Number V to the Azusa Central Business
District Redevelopment Project is to eliminate blighting conditions as outlined in the
proposed Redevelopment Plan attached hereto as Exhibit "A";
NOW, THEREFORE, the Planning Commission of the City of Azusa does resolve as
follows:
SECTION 1. The Redevelopment Plan, attached hereto as Exhibit "A", conforms
to the General Plan of the City of Azusa.
SECTION 2. This Resolution shall constitute this Commission's report and
recommendation to the City Council with regard to the Redevelopment Plan as required by
the California Health and Safety Code Section 33346.
SECTION 3. The Secretary of this Commission shall (a) certify to the adoption of
this resolution, and (b) transmit a copy of this Resolution to the City Council and to the
Redevelopment Agency.
APPROVED AND ADOPTED this 21st day of November, 1984.
AYES: AKIN, ZAVALA, CHAPMAN, FISHER, CASTANEOA, AVILA, HUGHEN
NOES: NONE
ABSENT: NONE
John F
ATTEST:
�� _
Planning Commission Secret
d/Doc.11
man