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Home My WebLink About11 Redevelopment Agency REDEVELOPMENT AGENCY Capital Projects 20% Set Aside Debt Service 379 THIS PAGE INTENTIONALLY LEFT BLANK 380 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY PROGRAM DESCRIPTION: The Economic Development/Redevelopment Division is responsible for administering an overall work program which will promote economic development, and facilitate beautification and improvement projects in the Merged Central Business District and West End Project, and Ranch Center Project areas, as well as the City as a whole. Its major goals are: • to ensure an economically strong and balanced commercial sector of the community, and improve the goods and services available to residents; • to achieve strong investment and consumer support for the community’s Downtown commercial sector; • to revitalize the Downtown area, and promote accessible and attractive public meeting places; • to provide quality affordable housing and a wide range of housing choices within the community; • to encourage a strong and diversified industrial sector of the community, eliminating and preventing the spread of blight and deterioration; • to promote the development of modern, attractive industrial uses that are environmentally compatible, increase industrial efficiency, and stimulate new private investment; • to increase employment opportunities; • to promote a strong customer service focus; and • to increase property values, sales taxes, and other public revenues. The Division accomplishes these goals through economic development marketing, land assembly, financial assistance, project management, comprehensive planning, public and private enterprise partnerships, housing rehabilitation, and the Community Development Block Grant Program. Per Section 33606 of the Health and Safety Code, a redevelopment agency shall adopt an annual budget which contains proposed expenditures, proposed indebtedness, anticipated revenues, the work program for the coming year including goals, and an examination of the previous year’s achievements with comparisons to the goals of the previous year’s work program. The budget presented herein satisfies these requirements. 381 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY FY 08-09 PROGRAM ACCOMPLISHMENTS: 1. Significantly increased general fund revenues through economic development processes that significantly improve the goods & services available to Azusa residents and the surrounding region, and revitalize Downtown Azusa. • Downtown North – The Agency continued negotiations toward creation of a strategic development plan and phased development program for this area, which is generally bounded by 9th Street on the north, the Foothill Blvd. corridor on the south, San Gabriel Ave. on the west, and Dalton Ave. to the east, and will include the future Downtown Transit District, retail, mixed use, and public library. The Agency acquired 4 key properties through April 2009 for this project, and entered into an Exclusive Negotiation Agreement (ENA) with Lewis Retail, the new developer selected to develop the project. • Target Store –The CEQA process was completed, and the Agency entered into a DDA with Target. Abatement, demolition and rough grading of the site were started in April and will be completed before June 30. Target is expected to take possession of the site in mid-to-late 2009. • Foothill Shopping Center –Trachman/Indevco completed their renovation of this obsolete Shopping Center, which has been renamed Citrus Crossing, except for the restaurant tenant, which they are still pursuing. The 102-townhouse development, which was also part of this project, is currently on hold. • Block 36 – The Agency entered into a new ENA with Lewis Retail to develop a mixed-use retail and housing project located in Block 36, an area comprised of the 600 even-numbered block of North Azusa Ave. and the 100 even-numbered block of East Foothill Blvd. In 2008/09, construction of the utility undergrounding for the project was completed, and a temporary parking lot was installed for the Downtown businesses. • NEC Azusa and Arrow Highway – The Agency acquired the Allen property, and entered into an ENA with Rich Development for development of a commercial center with full service dining. Negotiations with the remaining property owners continue. The property was successfully annexed from L.A. County to the City of Azusa. • Economic Development Loan Program (EDLP) – Using CDBG funds, the Agency structured an EDLP to provide working capital, new construction, and tenant improvement deferred payment forgivable loans in exchange for new and retained low income-eligible jobs. In 2008/09, Canyon City Barbecue and Bambino’s restaurants each received $35,000. A minimum of 2 FTE jobs were retained and/or created. • Commercial Façade Improvements – 3 businesses in the 600 Block of north Azusa Avenue received façade improvement rebates, and one business received an FF & E Loan. 382 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY • Business Development Programs – Continued financial assistance and partnerships with the Downtown Azusa Business Association (DABA) and Chamber of Commerce, working to increase their participation and responsibilities. • The Agency participated in pro-active marketing efforts targeting developers and businesses. Efforts included attendance at International Council of Shopping Center conventions, attendance at the San Gabriel Valley Economic Partnership conferences, and a San Gabriel Valley Tribune advertisement highlighting Azusa and its current projects. 2. Increased the affordable housing opportunities for Azusa residents. • Housing Program – Continued to provide financial assistance to approximately 20 low income homeowners for home improvements, and provided referral and information for various first-time homebuyer and Section 8 programs. • Affordable Housing Monitoring – Agency continues to monitor its affordable housing units and negotiate maintenance of same. • Downpayment Assistance Loan Program (DPAP) – This continuing program provides down payment assistance up to $140,000 to eligible low-to-moderate income first time homebuyers. Azusa residents, in particular those members of the community that contribute to the vitality of the City, such as teachers, policemen, firefighters and nurses, are given first priority to apply for these deferred payment loans. In 2008/09, 7 loans were funded. • Affordable Housing Projects – The Agency began acquiring blighted properties and assembling sites suitable for quality affordable housing development. By June 30, the Agency expects to have acquired a minimum of 10 properties for this purpose. 3. Other projects. • Bond Issuance – The Agency issued the 2008 A and 2008 B Tax Allocation Bonds in the amounts of $6,715,000 and $11,580,000, respectively. The 2008A issue provided funds for infrastructure and parking structure projects, and the 2008B issue provided funds for the Affordable Housing Projects. STRATEGIC GOALS: • Significantly increase general fund revenues through economic development processes that significantly improve the goods & services available to Azusa residents and the surrounding region, and revitalize Downtown Azusa. • Increase affordable housing opportunities for Azusa residents. 383 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY FY 09-10 PROGRAM HIGHLIGHTS: 1. Significantly increase general fund revenues through economic development processes that significantly improve the goods & services available to Azusa residents and the surrounding region, and revitalize Downtown Azusa. • Downtown North – The Agency will continue negotiations through a DDA with Lewis Retail, assist with property acquisitions, owner/tenant relocations, and provide financial assistance to create a strategic development plan and phased development program for this area, which is generally bounded by 9th Street on the north, the Foothill Blvd. corridor on the south, San Gabriel Ave. on the west, and Dalton Ave. to the east, and will include the future Downtown Transit District, retail, mixed use, and public library. The Agency will implement development plans for the Foothill/Dalton mixed used project. • Target Store – The Agency will sell the rough graded site to Target, assist in construction plan approval, and Target will start construction with an estimated completion by Winter 2010. • Foothill Shopping Center – Agency staff will continue to work with the developer to locate and install a full service restaurant tenant, and complete phase 1 of the townhome project. • Block 36 – Agency will negotiate and finalize a DDA with Lewis Retail, facilitate building permits and reviews, and provide general project management for construction of a mixed-use development. • Block 37 – The Agency will acquire additional properties on the 600 block of north San Gabriel for expansion of the Downtown parking lot and new retail. • NEC Azusa and Arrow Highway – The Agency will continue negotiations through a DDA, complete acquisition and assembly of the site, assist in construction plan approval, and facilitate building permits and reviews to provide a quality commercial project with full service restaurant. • Costco East - Continue to promote possible Costco expansion in the West End Project Area. • Business Development Programs – Continue financial assistance and partnerships with the Downtown Azusa Business Association (DABA) and Chamber of Commerce, working to increase their participation and responsibilities. • Economic Development Marketing – Continue to participate in pro-active marketing efforts targeting developers and businesses; and attend the major marketing conventions and conferences. • Freeway Readerboard - Pending CalTrans approval, Agency Board to approve final design and marketing plan, and readerboard developer will upgrade and market the readerboard as directed. • Market various Agency-owned properties. 384 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY 2. Increase the affordable housing opportunities for Azusa residents. • Housing Program – Continue to provide financial assistance to low income homeowners for minor and major home improvements; monitor the Agency’s silent second affordable loan program; and provide referral and information for various first-time homebuyer and Section 8 programs. • Affordable Housing Monitoring – Agency to continue to monitor its affordable housing units and negotiate maintenance of same. • Downpayment Assistance Loan Program (DPAP) – Provide additional funds to continue providing downpayment assistance up to $140,000 to eligible low-to-moderate income first time homebuyers, concentrating on Azusa residents and “pillars of the community”. • Continue to identify possible affordable housing project opportunities by acquiring blighted properties and assembling developable sites for quality affordable housing. FY 09-10 PROPOSED INDEBTEDNESS: The Agency does not propose to issue any new debt in FY 2009/10 at this time. 385 Budget Division: REDEVELOPMENT AGENCY - ADMINISTRATION FY 08-09 FY 09-10 FY 08-09 FY 09-10 FY 08-09 FY 09-10 FY 08-09 FY 09-10 Revised Adopted Revised Adopted Revised Adopted Revised Adopted Position Title Allocation Allocation Salary Salary Position Title Hours Hours Wages Wages City Manager(a)0.50 0.50 $101,295 $101,295 Dept. Intern 0 450 $0 $5,130 Economic and Comm Dev Director (b)0.67 0.67 99,160 99,160 Assistant City Manager(c)0.20 0.20 28,000 28,000 Administrative Services Dir./CFO (d)0.20 0.20 30,940 30,940 Controller(e)0.10 0.10 10,950 11,250 Senior Accountant(f)0.75 0.525 63,150 45,500 Administrative Secretary 1.00 1.00 56,555 58,675 Redevelopment Project Manager 1.00 1.00 84,085 87,365 Senior Office Specialist 1.00 1.00 48,590 50,410 (a) .50 FTE Administration (b) .33 FTE Comm Dev-Planning (c) .80 FTE Administration (d) .80 FTE Administrative Services-Finance (e) .90 FTE Administrative Services-Finance (f) FY 08/09: .25 FTE CDBG; FY 09/10: .475 FTE CDBG TOTAL 5.42 5.195 $522,725 $512,595 TOTAL 0 450 $0 $5,130 Full Time Positions Part Time Positions 386 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE PERSONNEL CapPrj/Merged/Admin 6003 Salaries/Regular 425,708 466,196 522,725 512,595 (10,130) 6006 Salaries/Temp & Part Time 4,380 4,230 - 5,130 5,130 6012 Salaries/Comp-Time 3,867 1,340 - - - 6015 Salaries/Vacation 11,792 17,745 - - - 6024 Salaries/Sick Leave 6,277 6,166 - - - 6027 Salaries/Bereavement 545 901 - - - 6033 Overtime Pay/Premium 2,366 757 1,615 1,615 - 6045 Salaries/Education Incentive 15 1,600 1,600 1,595 (5) 6048 Salaries/Language Pay 3,696 3,521 3,600 3,600 - 6063 Salaries/Jury Duty - 137 - - - 6069 Allowances/Vehicle 9,375 8,841 9,365 9,380 15 6070 Allowances/Telephone 750 754 1,500 750 (750) 6101 PERS/Employee Contribution 31,947 33,942 36,685 36,510 (175) 6105 PERS/Employer Contribution 55,135 60,560 62,855 60,925 (1,930) 6109 PARS/Employer Contribution - 9,250 22,330 23,885 1,555 6125 FICA/Employer Contrib/Med 7,748 8,688 8,700 8,875 175 6140 Life Insurance Allocation 3,383 3,365 1,940 1,485 (455) 6155 Workers' Comp Allocation 18,249 19,312 20,910 21,365 455 6160 LTD Insurance Allocation 4,731 4,968 5,375 3,990 (1,385) 6165 Unemployment Allocation 481 515 600 615 15 6175 Benefits/Flex Plan 69,228 66,313 76,855 76,845 (10) 6180 Deferred Comp/Employer Paid 3,197 17,923 11,985 11,930 (55) PERSONNEL SUBTOTAL 662,870 737,026 788,640 781,090 (7,550) 387 Cost 6220 $500 6230 $15,100 6235 $8,000 6301 $10,000 6315 $17,000 6345 $80,000 6399 $5,000 6493 $25,000 6509 $100 6521 $300 6527 $500 (continued) Accounting/Auditing Services - No change in costs anticipated in FY 2009/10. Services include annual independent audit for the Redevelopment Agency, its tax allocation bonds, and two 1992 mortgage revenue refunding bond issues. Professional Service - Decreased by $2,000 from prior year; budgeted to fund miscellaneous economic development specialized analysis as necessary. Publications - Decreased by $200 based on actual usage, and budgeted for demographic data, miscellaneous marketing/statistical publications, CRA brochures, and redevelopment legal guides. Program Consultants - To provide general project management staff support for the current level of redevelopment activity. Decreased by $20,000 for FY 2009/10. Training Schools - Decreased by $500 to reflect actual usage, including financial accounting workshops, notary training, and computer software training. Dues/Subscriptions - California Redevelopment Association (CRA), Calif. Downtown Assoc., Int'l Council of Shopping Centers (ICSC), Nat'l Main Street/Historic Preservation, Notary dues, SGV Economic Partnership and SCAG. Increased by $800. Meeting/Conferences - Decreased by $1,500 and includes CRA annual conference and meetings, CSMFO meetings, ICSC Conferences with Booth Rental, developer meetings, and marketing conferences. Legal Fees - Decreased by $2,000 to reflect current usage trends. CapPrj/ Merged/ Admin 8010110000 Computer Supplies - Decreased by $250 in order to decrease overall administration budget. Outside Services & Repairs - Decreased by $4,000 to reflect current usage trends. Budgeted to fund HdL Sales and Property Tax systems previously funded in Business License, and for preparation of statutory tax increment payments by HdL. Messenger Service - No change from prior year. ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND Account Number Description 388 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND 6530 $3,000 6539 $400 6563 $100 6572 $500 6601 $12,000 6610 $26,500 6625 $10,000 6630 $45,800 6835 $300 6915 $1,200 7001 $200,000 7027 $200,000Assistance from City (Overhead/Departmental Allocations) - Payment to the General Fund for overhead and service allocations decreased due to amount of available tax increment revenues after debt service. Office Furniture & Equipment - Decreased by $1,000 in order to decrease overall administration budget. Utilities/Telephone - Decreased by $500 to reflect current and anticipated usage. Maint & Repair/Equipment - No change from prior year. Program Expense - Decreased by $15,000 to cut funding for economic development marketing brochures, newsletters, promotional giveaways for ICSC conferences, and ribbon cuttings and groundbreakings. Advertising - Funding remains the same to pay for economic development marketing advertisements in the San Gabriel Valley Tribune, and other minor ads, e.g., Golden Days program ad, Azusa Chamber directory ad, etc. Office Supplies - Decreased by $500 in order to decrease overall administration budget. Special Supplies - Decreased by $50 to reflect current and anticipated usage. Bond Administration - Increased by $8,000 to pay additional fees associated with 2 new bond issues issued in 2008. Pays for bond disclosure services, arbitrage rebate calculation services, and annual trustee administrative fees for the Agency's bond issues. Interest Expense - No change from prior year. Interest reflects anticipated cash flow and scheduled reimbursements to City for administration. Community Programs - Decreased by $12,700 to reflect decrease in Chamber of Commerce assistance to $28,800 (total $70,560 with $41,760 from L&W), and deletion of the DABA Mariachi Fundraiser sponsorship of $5,000. Other assistance includes Downtown Azusa Business Association (DABA) Miss Azusa Program for $10,000, Miss Teen Azusa Program for $5,000; and Azusa Winter Fiesta sponsorship $2,000. Printing, Binding & Duplicating - Decreased by $100 to reflect current and anticipated usage. 389 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND 6301 $245,000 6325 $42,500 6345 $123,000 6399 $90,000 6625 $30,000 6645 $700,000 6815 $49,500 6904 $5,000 7035 $150,000 7105 $1,950,000 7115 $50,000 CapPrj/ Merged/ CBD 8010125000 Legal Fees - Budgeted for the following projects: Target Store-$5,000; Downtown North-$80,000; Block 36- $70,000; NEC Azusa & Arrow Hwy.-$80,000; Citrus Crossing-$5,000; and Misc. Other Projects-$5,000. Appraisal Fees - Budgeted $5,000 for Block 36; $15,000 for Downtown North; $15,000 for NEC Azusa and Arrow; and $7,500 for miscellaneous projects. Professional Services - Misc. consulting services including environmental investigations, CEQA studies, parking studies, etc., for the following projects: Downtown North-$50,000; NEC Arrow & Azusa-$15,000; and Misc.- $25,000. Program Expense - Misc. program expenses including special mailings, courier fees, project meetings, etc. are budgeted for the following projects: Downtown North-$7,000; Target Store-$10,000; NEC Arrow & Azusa-$4,000; Block 36-$5,000; Block 37-$1,000; Citrus Crossing-$500; and Misc. Other Projects-$2,500. Maint & Repairs/Bldgs - Maintenance for Agency-owned properties including NEC Azusa & Arrow, Dalton Avenue properties, Downtown North sites, etc. Program Consultants - Senior project management services budgeted for the following projects: Block 36- $20,000; Downtown North-$60,000; NEC Arrow & Azusa-$20,000; Block 37-$8,000; Citrus Crossing-$5,000; and miscellaneous projects-$10,000. Land Disposal Expense - Closing costs, title reports, other fees associated with the purchase and sale of properties. Relocation Costs - Estimated relocation costs for various projects. Land Acquisition - Allowance for acquisition of properties for various projects. Grants-In-Aid - Incentives for quality restaurant tenant attraction. Utilities/other - Utility fees for Agency-owned properties including Downtown North sites, and 237 S. Azusa. 390 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND 6301 $67,500 6325 $15,000 6345 $30,000 6399 $20,000 6625 $4,000 6815 $2,500 7115 $7,500 CapPrj/ Merged/ WED 8010135000 Land Disposal Expense - Closing costs, title reports, other fees associated with the purchase and sale of properties. Legal Fees - Budgeted for D-Club-$50,000; Costco East-$7,500; and Misc. Other Projects-$10,000. Appraisal Fees - Budgeted for miscellaneous projects. Program Consultants - Budgeted for the following projects: Costco East-$15,000; 975 W. Foothill-$15,000. Professional Services - Misc. consulting services including environmental investigations, engineering services, etc., budgeted for Costco East-$12,500, and Misc. Other Projects-$7,500. Maint & Repairs/Bldgs - Maintenance for Agency-owned properties in the West End area. Program Expense - Misc. program expenses including special mailings, courier fees, project meetings, etc. 391 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE OPERATIONS CapPrj/Merged/Admin 6220 Training Schools - - 1,000 500 (500) 6230 Dues & Subscriptions 9,322 12,837 14,300 15,100 800 6235 Meetings & Conferences 6,472 4,769 9,500 8,000 (1,500) 6240 Mileage Reimbursement 21 - 40 - (40) 6301 Legal Fees 2,204 10,498 12,000 10,000 (2,000) 6315 Accounting/Auditing Services 12,400 12,400 17,000 17,000 - 6345 Program Consultants 5,748 123,979 100,000 80,000 (20,000) 6399 Professional Services/Other 9,445 3,200 7,000 5,000 (2,000) 6493 Outside Services & Repairs 25,423 19,361 29,000 25,000 (4,000) 6509 Publications/Other - 210 300 100 (200) 6518 Postage - - 50 - (50) 6521 Messenger Service 73 155 300 300 - 6527 Supplies/Computer /Small Equip 205 690 750 500 (250) 6530 Office Supplies 2,834 2,455 3,500 3,000 (500) 6539 Printing, Binding & Duplicating - 27 500 400 (100) 6563 Supplies/Special 38 47 150 100 (50) 6572 Office Furniture & Equipment 1,397 977 1,500 500 (1,000) 6601 Advertising Expense 110 10,291 12,000 12,000 - 6610 Bond Administration 11,686 12,800 22,500 26,500 4,000 6611 Bond Issuance Expense 2,580 19 - - - 6625 Program Expense 37,563 16,164 25,000 10,000 (15,000) 6630 Community Program Support 41,511 60,950 58,500 45,800 (12,700) 6835 Maint & Repair/Equipment 38 136 300 300 - 6915 Utilities/Telephone 1,183 1,293 1,700 1,200 (500) 7001 Interest Expense 218,304 313,420 200,000 200,000 - 7027 Assistance from City to Redev - - - 200,000 200,000 SUBTOTAL 388,557 606,679 516,890 661,300 144,410 392 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE CapPrj/Merged/CBD 6301 Legal Fees 175,145 262,355 413,000 245,000 (168,000) 6305 Architectural Services 6,000 - - - - 6310 Engineering 465 - - - - 6325 Appraisal Fees 140,565 49,750 115,000 42,500 (72,500) 6340 Special Studies 165,662 161,710 25,000 - (25,000) 6345 Program Consultants 182,565 166,199 302,600 123,000 (179,600) 6399 Professional Services/Other 356,884 600,875 559,400 90,000 (469,400) 6518 Postage 356,884 849 - - - 6521 Messenger Service - 21 - - - 6625 Program Expense 13,775 8,233 29,140 30,000 860 6645 Relocation Costs 8,370,500 645,000 1,835,000 700,000 (1,135,000) 6650 Rehabilitation Costs 25,000 25,000 125,000 - (125,000) 6815 Maint & Repairs/Bldgs 15,227 31,650 25,000 49,500 24,500 6904 Utilities/Other 1,400 - 5,000 5,000 - 7001 Interest Expense 318,986 77,284 - - - 7015 Tax/Property - 11,890 - - - 7035 Grants-In-Aid - 179,000 150,000 150,000 - 7099 Miscellaneous 55,905 750,726 1,509,000 - (1,509,000) SUBTOTAL 10,184,963 2,970,542 5,093,140 1,435,000 (3,658,140) CapPrj/Merged/WED 6301 Legal Fees 25,942 145,744 80,000 67,500 (12,500) 6325 Appraisal Fees - 26,600 20,000 15,000 (5,000) 6345 Program Consultants 1,278 27,834 50,000 30,000 (20,000) 6399 Professional Services/Other 5,128 46,463 42,000 20,000 (22,000) 6625 Program Expense - 80 22,450 4,000 (18,450) 6815 Maint & Repairs/Bldgs - - 10,000 2,500 (7,500) 7001 Interest Expense - 787,878 - - - SUBTOTAL 32,348 1,034,599 224,450 139,000 (85,450) OPERATIONS SUBTOTAL 10,605,868 4,611,820 5,834,480 2,235,300 (3,599,180) 393 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE CAPITAL OUTLAY CapPrj/Merged/CBD 7105 Land Acquisition - - 13,508,880 1,950,000 (11,558,880) 7110 Land Preparation - 1,055,035 600,000 - (600,000) 7115 Land Disposal Expense 500 - 65,000 50,000 (15,000) 7130 Structures/Other 3,678 - - - - SUBTOTAL 4,178 1,055,035 14,173,880 2,000,000 (12,173,880) CapPrj/Merged/WED 7105 Land Acquisition - 228,680 - - - 7115 Land Disposal - 5,259 15,000 7,500 (7,500) SUBTOTAL - 233,939 15,000 7,500 (7,500) CAPITAL OUTLAY SUBTOTAL 4,178 1,288,974 14,188,880 2,007,500 (12,181,380) TRANSFERS OUT CapPrj/Merged/Admin 5950 Transfers Out - 75,807 105,720 107,695 1,975 SUBTOTAL - 75,807 105,720 107,695 1,975 CapPrj/Merged/CBD 5950 Transfers Out 11,990,298 16,487,953 803,290 1,547,450 744,160 SUBTOTAL 11,990,298 16,487,953 803,290 1,547,450 744,160 TRANSFERS OUT SUBTOTAL 11,990,298 16,563,760 909,010 1,655,145 746,135 RDA CIP FUND TOTAL: 23,263,214 23,201,580 21,721,010 6,679,035 (15,041,975) 394 THIS PAGE INTENTIONALLY LEFT BLANK 395 Cost 6301 $63,500 6325 $12,000 6345 $92,000 6399 $41,000 6625 $5,000 6815 $40,000 7001 $50,170 7005 $99,620 7099 $240,000 7105 $1,600,000 7110 $140,000 Appraisal Fees - Budgeted for the Affordable Housing Projects. Maint & Repairs/Bldgs - Maintenance for Agency-owned properties including acquired Affordable Housing Project sites. Land Preparation - Budget for land clearance, rough grading, and temporary site beautification of properties acquired for the Affordable Housing Projects. SpRev/Mrg/ Lmod 20% 8110155000 Program Expense - Decreased by $1,500 to reflect anticipated usage. Miscellaneous Expense - New funds budgeted to continue the Downpayment Assistance Program (DPAP) initiated in FY 2007/08. Two loans will be funded. Professional Services - Misc. consulting services including environmental investigations, engineering services, etc. for project development. Principal Expense - Payment made to L&W for original acquisition of the Azusa Foothill single-family housing site. Legal Fees - Fees budgeted for Downpayment Assistance Program (DPAP) at $3,500; affordable housing projects- $50,000; and miscellaneous program legal costs-$10,000. Program Consultants - Budgeted for outside project management and acquisition services for DPAP, the Affordable Housing Projects, and miscellaneous housing-related issues. Interest Expense - Payment made to L&W for original acquisition of the Azusa Foothill single-family housing site. Land Acquisition - Allowance for acquisition of properties for the Affordable Housing Projects. ECONOMIC & COMMUNITY DEVELOPMENT- REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA LOW-TO-MODERATE INCOME HOUSING FUNDS Account Number Description 396 BUDGET UNIT:VARIOUS RDA 20% SETASIDE DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE OPERATIONS SpRev/Mrg/Lmod 20% 6301 Legal Fees 117 49,026 97,500 63,500 (34,000) 6325 Appraisal Fees - - 30,000 12,000 (18,000) 6345 Program Consultants 49,348 41,163 159,000 92,000 (67,000) 6399 Professional Services/Other - 6,148 35,000 41,000 6,000 6610 Bond Administration - - - 4,000 4,000 6625 Program Expense 655 5,155 9,500 5,000 (4,500) 6650 Rehabilitation Costs 70,496 76,501 154,000 - (154,000) 6815 Maintenance - - - 40,000 40,000 7001 Interest Expense 66,506 61,284 55,830 50,170 (5,660) 7005 Principal Payments 83,643 - 93,990 99,620 5,630 7099 Miscellaneous - - 1,000,000 240,000 (760,000) OPERATIONS SUBTOTAL 270,765 239,277 1,634,820 647,290 (987,530) CAPITAL OUTLAY SpRev/Mrg/Lmod 20% 7105 Land Acquisition - - 1,150,000 1,600,000 450,000 7115 Land Disposal Expense - - - 140,000 140,000 SUBTOTAL - - 1,150,000 1,740,000 590,000 SpRev//Lmod/2008B Housing Bonds 7105 Land Acquisition - - 7,970,000 - (7,970,000) SUBTOTAL - - 7,970,000 - (7,970,000) - CAPITAL OUTLAY SUBTOTAL - - 9,120,000 1,740,000 (7,380,000) 397 BUDGET UNIT:VARIOUS RDA 20% SETASIDE DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE TRANSFERS OUT SpRev/Mrg/Lmod 20% 5950 Transfers Out 583,695 2,023,063 983,140 1,677,700 694,560 SUBTOTAL 583,695 2,023,063 983,140 1,677,700 694,560 SpRev//Lmod/2008B Housing Bonds 5950 Transfers Out - - - 1,600,000 1,600,000 SUBTOTAL - - - 1,600,000 1,600,000 TRANSFERS OUT SUBTOTAL 583,695 2,023,063 983,140 3,277,700 2,294,560 RDA-20% SET-ASIDE TOTAL: 854,460 2,262,340 11,737,960 5,664,990 (6,072,970) 398 Cost 6625 $5,000 7001 $1,535,380 7005 $471,110 7040 $141,760 7042 $39,000 7044 $1,159,780 7045 $49,180 6625 $2,000 7001 $1,503,480 7040 $85,000 7042 $1,509,730 7044 $1,458,890 7045 $58,200 DbtSvc/ Merged/ WED 8210135000 Program Expense - Funds to pay for annual tax increment audit fees. Other Agency Contributions - L.A. County administrative and regulatory payments. Contributions to Other Agencies - Tax increment pass-through payments to Azusa Unified School District and statutory pass-through payments to various taxing entities. Other Agency Contributions - L.A. County administrative and regulatory payments. Pass-Through to City - Tax increment statutory pass-through payments to City of Azusa. L.A. County Pass-Through - Tax increment pass-through to L.A. County and statutory pass-through payments. Interest Expense - Interest payments/accruals as follows: L&W/Pedestrian Breezeway Site-$800; L&W/NEC Azusa & Arrow-$246,820 accrued; City GF/Downtown North Acqns.-$762,600 accrued; Low/Mod Fund Adv./Block 36-$67,500 accrued; L&W/Talley Rehab Loan-$8,200; City COP's-$140,590; L&W/Krems Site (APU Parking Lot)-$74,600; L&W/Autodealership-$234,270 accrued. Principal Expense - Principal payments due as follows: L&W/Pedestrian Breezeway Site-$7,860; City COP's- $215,000; L&W/Talley Rehab Loan-$6,940; L&W/Krems Site (APU Parking Lot)-$241,310. Program Expense - Funds to pay for annual tax increment audit fees. No change from prior year.DbtSvc/ Merged/ CBD 8210125000 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA DEBT SERVICE FUND Account Number Description Interest Expense - Interest payments/accruals due as follows: Price Club Sales Tax Note-$710,810; City Sales Tax Note-$792,670 accrual. Contributions to Other Agencies - Tax increment statutory pass-through payments to various taxing entities. City Pass-Through - Sales tax pass-through to the City including amortized interest of $1,474,730 and tax increment statutory pass-through payments of $35,000. L.A. County Pass-Through - Tax increment pass-through to L.A. County and statutory pass-through payments. 399 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA DEBT SERVICE FUND 7001 $367,090 7005 $450,000 7001 $433,120 7001 $915,550 7005 $365,000 7001 $237,810 7005 $85,000 7001 $502,970 7005 $70,000 7001 $768,490 7005 $355,000 DbtSvc/ Ranch/Rch 8220185000 7001 $353,410 7040 $8,010 7044 $84,360 7045 $4,800 DbtSvc/ Mrg/TAB/ 2007B 8210165622 Interest Expense - Interest payments due for 2007B T.A. Bonds. Principal Expense - Principal payments due for 2007B T.A. Bonds. DbtSvc/ Mrg/TAB/ 2003 8210165616 DbtSvc/ Mrg/TAB/ 2007A 8210165620 DbtSvc/ Mrg/TAB/ 2005 8210165618 Interest Expense - Interest payment/amortization as follows: City Sales Tax Note-$13,870 accrued; L&W/25Yr $500K Note-$30,780 payment and $99,170 accrued; L&W/T.I. $485K Note-$69,170 accrued; City APFA Note- $140,420 accrued. Principal Expense - Principal payments due for 2003 T.A. Bonds. Interest Expense - Interest payments due for 2007A T.A. Bonds. Interest Expense - Interest payments due for 2005 T.A. Bonds. No principal payments due. Principal Expense - Principal payments due for 2007A T.A. Bonds. Interest Expense - Interest payments due for 2008A T.A. Bonds. Contributions to Other Agencies - Tax increment pass-through payments to Azusa Unified School District and Citrus College. L.A. County Pass-Through - Tax increment pass-through to L.A. County. Other Agency Contributions - L.A. County administrative and regulatory payments. Interest Expense - Interest payments due for 2003 T.A. Bonds. Principal Expense - Principal payments due for 2008A T.A. Bonds. DbtSvc/ Mrg/TAB/ 2008A 8210165624 DbtSvc/ Mrg/TAB/ 2008B 8210165626 Interest Expense - Interest payments due for 2008B T.A. Bonds. Principal Expense - Principal payments due for 2008B T.A. Bonds. 400 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE OPERATIONS Debt Svc/Merged/CBD 6625 Program Expense 1,286 - 5,000 5,000 - 6810 Facilities Maintenance Allocation 15 - - - - 7001 Interest Expense 444,771 457,767 480,020 1,535,380 1,055,360 7005 Principal Payments 413,878 322,741 456,550 471,110 14,560 7040 Contributions to Other Agencies 63,265 77,397 214,130 141,760 (72,370) 7042 Pass-Through to City 28,061 38,206 29,000 39,000 10,000 7044 LACO Tax Incr Pass-Through 874,559 908,340 1,083,870 1,159,780 75,910 7045 Other Agency Contributions 43,660 48,214 45,500 49,180 3,680 SUBTOTAL 1,869,495 1,852,665 2,314,070 3,401,210 1,087,140 Debt Svc/Merged/WED 6625 Program Expense 296 - 3,500 2,000 (1,500) 7001 Interest Expense 761,279 780,229 1,481,270 1,503,480 22,210 7040 Contributions to Other Agencies 51,119 16,904 364,120 85,000 (279,120) 7042 Pass-Through to City 2,199,190 2,225,668 1,487,940 1,509,730 21,790 7044 LACO Tax Incr Pass-Through 1,377,188 1,355,634 1,398,380 1,458,890 60,510 7045 Other Agency Contributions 58,219 57,051 61,200 58,200 (3,000) SUBTOTAL 4,447,291 4,435,486 4,796,410 4,617,300 (179,110) DbtSvc/Mrg/TAB/2003 7001 Interest Expense 395,954 387,354 378,000 367,090 (10,910) 7005 Principal Payments 425,000 435,000 445,000 450,000 5,000 SUBTOTAL 820,954 822,354 823,000 817,090 (5,910) DbtSvc/Mrg/TAB/2005 7001 Interest Expense 349,425 424,917 424,920 433,120 8,200 SUBTOTAL 349,425 424,917 424,920 433,120 8,200 DbtSvc/Mrg/TAB/2007A 6611 Bond Issuance Expense - 615,710 - - - 7001 Interest Expense - 474,182 934,170 915,550 (18,620) 7005 Principal Payment - - 340,000 365,000 25,000 SUBTOTAL - 1,089,892 1,274,170 1,280,550 6,380 401 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE DbtSvc/Mrg/TAB/2007B 6611 Bond Issuance Expense - 102,527 - - - 7001 Interest Expense - 122,056 241,170 237,810 (3,360) 7005 Principal Payment - - 80,000 85,000 5,000 7046 Payments to Refunding Escrow Agent - 5,161,199 - - - 7099 Miscellaneous - 13,892 - - - SUBTOTAL - 5,399,673 321,170 322,810 1,640 DbtSvc/Mrg/TAB/2008A 7001 Interest Expense - - 60,265 502,970 442,705 7005 Principal Payment - - - 70,000 70,000 SUBTOTAL - - 60,265 572,970 512,705 DbtSvc/Mrg/TAB/2008B 7001 Interest Expense - - 142,030 768,490 626,460 7005 Principal Payment - - - 355,000 355,000 SUBTOTAL - - 142,030 1,123,490 981,460 Debt Svc/Ranch/Rch 7001 Interest Expense 290,312 309,900 330,510 353,410 22,900 7040 Contributions to Other Agencies 6,873 7,279 16,040 8,010 (8,030) 7044 LACO Tax Incr Pass-Through 78,504 84,402 84,560 84,360 (200) 7045 Other Agency Contributions 4,575 2,867 4,800 4,800 - SUBTOTAL 380,264 404,449 435,910 450,580 14,670 OPERATIONS SUBTOTAL 7,867,429 14,429,436 10,591,945 13,019,120 933,010 402 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #06-07 07-08 08-09 09-10 VARIANCE TRANSFERS OUT Debt Svc/Merged/CBD 5950 Transfers To Other Funds 1,249,857 1,290,131 2,392,800 2,100,870 (291,930) 5952 Tax Increment Transfers Out 575,156 599,237 - 619,760 619,760 SUBTOTAL 1,825,013 1,889,368 2,392,800 2,720,630 327,830 Dbt Svc/Merged/WED 5950 Transfers To Other Funds 1,683,703 1,693,777 2,092,820 2,020,160 (72,660) 5952 Tax Increment Transfers Out 903,968 880,257 900,190 911,060 10,870 SUBTOTAL 2,587,671 2,574,034 2,993,010 2,931,220 (61,790) Dbt Svc/Ranch/Rch 5950 Transfers To Other Funds 396 1,033 - - - 5952 Tax Increment Transfers Out 29,870 31,819 31,430 31,510 80 SUBTOTAL 30,266 32,851 31,430 31,510 80 Dbt Svc/TAB 08A 5950 Transfers To Other Funds - - 5,670,000 - (5,670,000) SUBTOTAL - - 5,670,000 - (5,670,000) Dbt Svc/TAB 08B 5950 Transfers To Other Funds - - 9,760,000 - (9,760,000) SUBTOTAL - - 9,760,000 - (9,760,000) TRANSFERS OUT SUBTOTAL 4,442,950 4,496,253 20,847,240 5,683,360 (15,163,880) DEBT SERVICE FUND TOTAL: 12,310,379 18,925,689 31,439,185 18,702,480 (14,230,870) 403 THIS PAGE INTENTIONALLY LEFT BLANK 404