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Home My WebLink About12 Redevelopment Agency REDEVELOPMENT AGENCY Capital Projects 20% Set Aside Debt Service 393 THIS PAGE INTENTIONALLY LEFT BLANK 394 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. 395 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY FY 09-10 PROGRAM ACCOMPLISHMENTS: 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 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 Boulevard corridor on the south, San Gabriel Avenue on the west, and Dalton Avenue to the east, and will include the future Downtown Transit District, retail, mixed use, and public library. During 2009-10, Agency staff has worked with two potential developers, Lewis Retail Center and most recently Hopkins Real Estate Group. In April 2010, the Agency entered into an Exclusive Negotiation Agreement (ENA) with Hopkins Real Estate Group, to continue to explore new commercial and/or retail development opportunities for the 7.0 acre site. During the previous five-year planning period, the Agency acquired 17 properties in support of this project. Currently, negotiations are under way with Hopkins Real Estate Group for a Deposition and Development Agreement (DDA). In July 2009, Agency Board adopted a Resolution of Necessity authorizing the use of Eminent Domain to acquire the vacant non-residential property located at 830 N. Azusa Avenue for Redevelopment purposes. The parcel of real property located at 830 N. Azusa Avenue (formerly Matson property) and situated within the Central Business District Redevelopment Area. Assemblage of this parcel with adjoining parcels could produce a single parcel available for the proposed Downtown North project. On February 22, 2010, the Agency closed escrow on two residential properties located at 809 and 813 North Dalton Avenue in the Downtown North Project Area. The properties were acquired by the Agency pursuant to an Assignment Agreement with Lewis Investment Company, LLC (“Lewis”) that was approved by the Agency on February 16, 2010 as part of the land assemblage for the Downtown North project. Further, in January 2010, the Agency entered into contract with CastleRock Environmental Inc., for abatement and demolition to the properties located on the southeast corner (SEC) of Azusa Avenue and 9th Street (858, 832 and 826 N. Azusa Avenue). • Target Store – In August 2008-09, the Agency entered into a DDA with Target Stores to build a 159,000 square-foot facility on the property bordered by Azusa Avenue, 9th Street, San Gabriel Avenue and the rail road tracks. In early August 2009, the Agency closed escrow on the 4.2 acre site and conveyed its interest to Target Stores Inc. In early December 2009, the Agency held a ground breaking ceremony of the Target Store Development with construction beginning shortly thereafter. The construction of the Target Store Development is expected to be completed in early October 2010. Additionally, in March 2010, Sully-Miller Contracting Company was awarded the Target Traffic Improvements contract to construct street improvements adjacent to the Target site and the required traffic improvements. The street will consist of a new crosswalk, sidewalk, curb ramps, drainage upgrades, and street resurfacing on Azusa Avenue. Both Ninth Street and San Gabriel Avenue will have new sidewalk, curb ramps, drainage upgrades, and street resurfacing. Street and traffic improvements will also occur at First Avenue and Azusa Avenue to remove a portion of the median on Azusa Avenue. 396 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY • Foothill Shopping Center – In FY 2007-08, Trachman-Indevco completed their renovation of this obsolete Shopping Center, which has been renamed Citrus Crossing Center. Since its re-opening and the developer’s, Trachman-Indevco, most recent efforts to complete the renovation of the Center, the development stalled due to the downturn in the economy. The development includes a 7,500 square foot undeveloped building pad fronting onto Citrus Avenue that is designated for restaurant use. In an effort to incentivize quality restaurants to locate to the center, the developer has and continues to market the restaurant pad at annual events (e.g., International Council of Shopping Centers) to provide full-service, sit-down dining. The Agency and developer are currently exploring to craft an attractive financial incentive program to recruit a quality restaurant to the center. Due to the housing market conditions, the proposed 102-townhouse development continues to remain on hold. • Block 36 – The site is located on the SEC of Azusa Avenue and Foothill Boulevard and was subject to an ENA with Lewis Retail to develop a mixed-use retail and housing project. Lewis was ultimately unable to move forward with the ENA. The Agency is now looking at other developers in seeking development opportunities for the future development of the site. Additionally, the Agency will market the site at the annual International Council of Shopping Centers Conference in May 2010 held in Las Vegas. • Block 37 – In September 2009, the Agency Board approved the Purchase and Sale Agreement for the acquisition of real property located at 622 North San Gabriel Avenue, commonly known as “Johnny’s Florist.” The property is situated within the Central Business District Redevelopment Area, and consists of a 7000 square foot site, that is improved with a vacant 2,177 square feet single family home, previously used as a flower shop. Assemblage of this parcel, with additional adjoining parcels to be acquired in the near future, could produce a single parcel available for future downtown development. • Northeast corner (NEC) Azusa and Arrow Highway – During the previous five-year planning period, the Agency acquired one property (approximately 145,130 square feet) at the NEC Azusa Avenue and Arrow Highway and continues to pursue completing the assemblage of the site. In early 2009, the Agency initiated condemnation proceedings on the last remaining parcel (8621-024- 001) and is in the process of finalizing the settlement discussions this year. In FY 2008-09, the unincorporated property was formally annexed to the City. Recent discussion with potential developers for a retail/restaurant use of this property has been hampered by the recent economic downturn; however, the Agency continues to market the site to developers that are interested in development opportunities for a commercial center with full service dining. • Enterprise Site – In December 2009, the Agency Board approved a Purchase Agreement for the acquisition of the property located 229 S. Azusa Avenue commonly known as the “Enterprise Site”. The property is situated within the Redevelopment Project Area, and is improved with a vacant office and car servicing facility with surface parking. The subject property is an “L” shaped site made up of three parcels totaling 108,665 square feet, or 2.49 acres zoned for both residential and commercial uses. It is a corner site, adjacent to the freeway off ramp, with excellent exposure and accessibility to a main thoroughfare. The site has excellent exposure from the Foothill Freeway (Interstate 210). Assemblage of this parcel, with additional adjoining parcels, could produce a single 397 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY parcel available for a future commercial project which could produce the “highest and best” use of the subject site. The Agency is currently marketing the site to developers interested in development opportunities. • 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 FY 2008-09, Canyon City Barbecue and Bambino’s restaurants each received $35,000. In January 2010, Dalia’s Pizza received $49,790 in assistance from the Agency to expand its business from its current 1,700 square feet storefront at Foothill Boulevard and Cerritos Avenue to the 4,458 square foot restaurant pad on Alosta Avenue. The tenant improvements will be completed in late May 2010. • Commercial Façade Improvements – Three businesses in the 600 Block of north Azusa Avenue received façade improvement rebates and one business received an FF & E Loan. • Business Development Programs – Continued financial assistance and partnerships with the Chamber of Commerce, working to increase their participation and responsibilities as they work toward becoming self-sufficient. • Buxton Study - In late Dec 2009, the Agency conducted a Buxton Study of the city to help boost economic development and attract retailers to the city. In an effort to find the best locations for new retailers, Buxton identified three potential sites within the city (Azusa Avenue & Foothill Boulevard, Azusa Avenue and I-210, and Azusa Avenue and Arrow Hwy). Buxton examined the retail potential based on the following analyses: 1) the primary drive time trade area; 2) customers in each area were segmented according to buying habits and lifestyles; 3) profile of Azusa’s customers within each of the trade areas was developed; and 4) surplus/leakage for 11 major store types and 49 minor stores types were determined for the trade area. The Agency is utilizing the Buxton study to negotiate with potential developers’ interest in development opportunities within the city. Further, the Buxton study will allow the City to make more informed decisions about investments in infrastructure and can focus resources on areas of higher development potential. Additionally, the Buxton study will also serve as a marketing tool at the International Council of Shopping Centers conference held annually. • The Agency continues to participate in pro-active marketing efforts targeting developers and businesses. Efforts included attendance at the 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. 398 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY 2. Increase 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. • 9th and Alameda Site – In December 2008, the Agency Board approved a Purchase Agreement for the acquisition of the property located at 902, 906, 908, and 912 North Alameda Avenue, commonly known as the “Miller Site.” The subject property is situated within the Central Business District Redevelopment Area, and consists of 4 parcels. Each parcel consists of 7,000 square feet, totaling 28,000 square feet. Three of the four parcels are improved with two single family homes and one duplex. The remaining parcel is unimproved. The land assemblage of this parcel could produce a single parcel available for a future affordable housing development project. The Agency is currently seeking affordable housing developers who may be interested in housing development opportunities. In June 2009, the Agency recruited the service of Overland Pacific and Cutler to complete a Replacement Housing Plan of the former “Miller site.” The plan is the result of the proposed redevelopment properties located in the Merged Central Business District and West End Redevelopment Area and to determine the impact of, and be in compliance with the requirements for, replacement housing contemplated under the California Redevelopment Law. • Affordable Housing Monitoring – Agency continues to monitor its affordable housing units and negotiate maintenance of same. Additionally, the Agency will soon enter into contract with Urban Futures to provide ongoing affordable housing monitoring and compliance services. It is anticipated that Urban Futures will assist in the management of its DPAP, Rental Housing Programs, and Mobile Home Parks compliance monitoring. • Downpayment Assistance Loan Program (DPAP) – DPAP 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 FY 2009-10, no loans were funded. Due to the downturn in the economy and budget constraints, this program is temporarily on hold. • Affordable Housing Projects – In FY 2008-09 and through March 2010, the Agency began acquiring blighted properties and assembling sites suitable for quality affordable housing development located at the Atlantis Gardens site. By February 2010, the Agency acquired and demolished a minimum of 16 properties for this purpose. Two additional properties remain in escrow and the Agency anticipates closing escrow by the end of the calendar year. To promote the development and preservation of affordable housing, in early January 2010, the Agency prepared a Request for Qualifications (“RFQ”) to solicit interest from potential development partners for the construction and/or rehabilitation of rental and owner-occupied housing for very-low, low and 399 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY moderate income families. The intent of the RFQ is to pre-qualify potential development partners that can best help the Agency utilize available assets and resources to meet its long-term affordable housing objectives. The Agency now seeks to partner with a private housing producer to evaluate development and funding opportunities in the City. • Freeway Readerboard – In July 2009, the Council and Agency Board authorized the City Manager to enter into contract for the construction of a new I-210 reader board. The selected and most qualified firm would represent the City by selling advertising on the reader board whereby the City can capitalize on premiums made in advertisements. In December 2009, the Agency Board approved a license agreement with Tesoro South Coast Company (Shell Gas Station at 106 S. Azusa Avenue) whereby Tesoro would allow the Agency the use of a portion of the land on the southwest corner for installation /maintenance related to accessibility of the proposed I-210 reader board. 3. Other projects • Five-Year Implementation Plan - In December 2009, the Agency recruited the services of consulting firm Urban Futures Incorporated to complete the Five-Year Implementation Plan. The plan was prepared pursuant to Section 33490 et seq. of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.; the “CCRL”). The plan identifies potential Agency-related redevelopment programs and projects, and housing activities targeting low and moderate income households, for the Azusa Redevelopment project during the five-year period beginning in FY 2009-10, and ending in FY 2013-14. 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. FY 10-11 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 Hopkins Real Estate Group, assist with property acquisitions, owner/tenant relocations, and provide financial assistance to create a strategic development plan and phased 400 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY development program for this area, which is generally bounded by 9th Street on the north, the Foothill Boulevard corridor on the south, San Gabriel Avenue on the west, and Dalton Avenue 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 continue to assist Target with construction inspections, facilitate to expedite processing time of plan revision submittals and assist Target with preparations of the Grand Opening in early October 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 continue to market the site to developers interested in development opportunities. If a developer is selected, the Agency will negotiate a DDA, 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 to market the site through an Request for Proposal and negotiate a DDA, complete the acquisition of the property located at 17511 E. Arrow Hwy 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. • Enterprise Site - The Agency is currently marketing the site to developers interested in development opportunities. Should a developer be selected, the Agency will negotiate a DDA, assist in construction plan approval, and facilitate building permits and reviews to provide a quality commercial project. • Costco East - Continue to promote possible Costco expansion in the West End Project Area. • Business Development Programs – Continue financial assistance and partnerships with the 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 – The Agency will continue to work with the selected firm to sell advertisements on the reader board whereby the City can continue to capitalize on premiums made from advertisements. 401 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY • Market various Agency-owned properties. 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) – Should funding become available, the Agency will continue to provide additional funds to provide downpayment assistance up to $140,000 to eligible low-to-moderate income first time homebuyers, concentrating on Azusa residents and “pillars of the community”. • 9th and Alameda Site – In the near future and through the process of a Request for Proposal, the Agency will continue to seek affordable housing developers who may be interested in housing development opportunities. • Continue to identify possible affordable housing project opportunities by acquiring blighted properties and assembling developable sites for quality affordable housing. FY 10-11 PROPOSED INDEBTEDNESS: The Agency does not propose to issue any new bond debt in FY 2010-11 at this time. 402 THIS PAGE INTENTIONALLY LEFT BLANK 403 Budget Division: REDEVELOPMENT AGENCY - ADMINISTRATION FY 09-10 FY 10-11 FY 09-10 FY 10-11 FY 09-10 FY 10-11 FY 09-10 FY 10-11 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 $106,240 $106,240 Dept. Intern 450 450 $5,130 $5,130 Economic and Comm Dev Director (b)0.67 0.67 103,125 103,125 Assistant City Manager(c)0.20 0.20 30,000 30,000 Administrative Services Dir./CFO (d)0.20 0.20 33,570 33,570 Controller(e)0.10 0.10 11,250 11,250 Senior Accountant(f)0.525 0.500 45,500 38,060 Administrative Secretary 1.00 1.00 58,675 58,675 Redevelopment Project Manager 1.00 1.00 87,365 87,365 Senior Office Specialist 1.00 1.00 50,410 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 09/10: .475 FTE CDBG; FY 10/11: .500 CDBG TOTAL 5.20 5.17 $526,135 $518,695 TOTAL 450 450 $5,130 $5,130 Full Time Positions Part Time Positions 404 BUDGET UNIT: ALL FUND 80 DIVISIONS-RDA CIP FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #07-08 08-09 09-10 10-11 PERSONNEL 6003 Salaries/Regular 466,195 502,045 526,135 518,695 (7,440) 6006 Salaries/Temp & Part Time 4,230 3,685 5,130 5,130 - 6012 Salaries/Comp-Time 1,340 1,345 - - - 6015 Salaries/Vacation 17,745 12,870 - - - 6024 Salaries/Sick Leave 6,165 9,030 - - - 6027 Salaries/Bereavement 900 - - - - 6033 Overtime Pay/Premium 755 690 1,615 - (1,615) 6045 Standby Pay/Premium 1,600 1,605 1,595 1,595 - 6048 Salaries/Language Pay 3,520 3,615 3,600 3,600 - 6063 Salaries/Jury Duty 135 605 - - - 6069 Allowances/Vehicle 8,840 9,410 9,380 9,380 - 6070 Allowances/Telephone 755 755 750 750 6101 PERS/Employee Contribution 33,940 38,310 36,510 37,070 560 6105 PERS/Employer Contribution 60,560 65,690 60,925 61,130 205 6109 PARS/Employer 9,250 15,950 23,885 24,430 545 6125 FICA/Employer Contrib/Med 8,690 9,040 8,875 9,015 140 6140 Life Insurance Allocation 3,365 2,265 1,485 1,430 (55) 6155 Workers' Comp Allocation 19,310 21,655 21,365 21,645 280 6160 LTD Insurance Allocation 4,970 5,120 3,990 4,045 55 6165 Unemployment Allocation 515 535 615 630 15 6175 Benefits/Flex Plan 66,315 76,245 76,845 80,565 3,720 6180 Deferred Comp/Employer Paid 178,925 12,690 11,930 13,930 2,000 PERSONNEL SUBTOTAL 898,020 793,155 794,630 793,040 (1,590) 405 Cost 6220 $500 6230 $15,100 6235 $8,000 6301 $292,500 6315 $17,000 6325 $57,500 6345 $228,000 6399 $110,000 6493 $25,000 6509 $100 (continued) Appraisal Services - D Club-$5,000; Costco East-$10,000; Block 36-$5,000; Downtown North-$15,000; NEC Azusa & Arrow-$15,000; and misc-$7,500 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND Account Number Description CapPrj/ Merged 80xxxxxxxx Training Schools - 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), Notary dues, SGV Economic Partnership and SCAG Meeting/Conferences - Includes CRA annual conference and meetings, CSMFO meetings, ICSC Conferences with Booth Rental, developer meetings, and marketing conferences. Legal Fees - Budgeted for the following projects: Talley Building-$10,000; Downtown North-$80,000; Block 36- $50,000; NEC Azusa & Arrow Hwy.-$80,000; D-Club-$35,000; Costco East-$7,500; Azusa Commons/Foothill Center-$5,000; and Misc. Other Projects-$25,000 Accounting/Auditing Services - Services include annual independent audit for the Redevelopment Agency, its tax allocation bonds, and two 1992 mortgage revenue refunding bond issues. Professional Service - To fund miscellaneous economic development specialized analysis as necessary; Costco East-$12,500; Downtown North-$50,000; NEC Azusa & Arrow-$15,000; misc-$32,500 Publications - 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-$80,000; D Club-$10,000; Costco East-$15,000; Block 36-$20,000; Downtown North- $60,000; NEC Azusa & Arrow-$20,000; Azusa Commons/Foothill Center-$5,000; Block 37 (Parking Structure)- $8,000; misc-$10,000 Outside Services & Repairs - HdL Sales and Property Tax systems and for preparation of statutory tax increment payments by HdL 406 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND 6521 $300 6527 $500 6530 $3,000 6539 $400 6563 $100 6572 $500 6601 $12,000 6610 $26,500 6625 $44,000 6630 $48,545 6645 $700,000 6815 $58,000 6835 $300 6915 $1,200 7001 $200,000 (continued) Community Programs - Miss Teen Azusa-$10,000; Miss Outstanding Teen-$5,000; Chamber of Commerce- $32,415; and Carriage-$1,000 Maintenance & Repairs/Building - Downtown North-$17,000; Breezeway-$6,000; 237 S. Azusa-$2,500; Block 37 (Parking Structure)-$5,000; misc-$27,500 Printing, Binding & Duplicating - Printing and duplication of various RDA documents Computer Supplies - Miscellaneous computer supplies Office Supplies - Miscellaneous office supplies Special Supplies - Purchase of various special supplies Messenger Service - For miscellaneous delivery of documents Relocation Costs - NEC Azusa & Arrow Bond Administration - Bond disclosure services, arbitrage rebate calculation services, and annual trustee administrative fees for the Agency's bond issues Interest Expense - Interest reflects anticipated cash flow and scheduled reimbursements to City for administration. Advertising - Funding 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 Furniture & Equipment - Purchase of furniture and equipment as needed Utilities/Telephone - Telephone usage charges Maint & Repair/Equipment - Repairs of equipment Program Expense - Marketing brochures, newsletters, promotional giveaways for ICSC conferences, and ribbon cuttings and groundbreakings-$10,000; D Club-$1,500; Costco East-$1,000; Block 36-$5,000; Downtown North-$7,000; Target-$10,000; NEC Azusa & Arrow-$4,000; Azusa Commons/Foothill Center-$500; Block 37 (Parking Structure)-$1,000; misc-$4,000 407 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND 7027 $200,000 7035 $100,000 7105 $1,950,000 7115 $32,500 Grants-In-Aid - Incentives for quality restaurant tenant attraction Land Disposal Expense - Closing costs, title reports, other fees associated with the purchase and sale of properties Land Acquisition - Allowance for acquisition of properties for various projects Assistance from City (Overhead/Departmental Allocations) - Payment to the General Fund for overhead and service allocations 408 BUDGET UNIT: ALL FUND 80 DIVISIONS-RDA CIP FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #07-08 08-09 09-10 10-11 OPERATIONS 6220 Training Schools - 495 500 500 - 6230 Dues & Subscriptions 12,835 14,540 15,100 15,100 - 6235 Meetings & Conferences 4,770 4,250 8,000 8,000 - 6240 Mileage Reimbursement - 10 - - 6301 Legal Fees 418,600 340,905 351,500 292,500 (59,000) 6315 Accounting/Auditing Services 12,400 15,700 17,000 17,000 - 6325 Appraisal Fees 76,350 64,900 57,500 57,500 - 6340 Special Studies 161,710 - 110,000 - (110,000) 6345 Program Consultants 318,015 233,780 233,000 228,000 (5,000) 6399 Professional Services/Other 650,540 130,885 130,000 110,000 (20,000) 6493 Outside Services & Repairs 19,360 24,665 50,000 25,000 (25,000) 6509 Publications/Other 210 25 100 100 - 6518 Postage 850 - - - - 6521 Messenger Service 175 215 300 300 - 6527 Supplies/Computer/Small Equipment 690 40 500 500 - 6530 Office Supplies 2,455 3,395 3,000 3,000 - 6539 Printing, Binding & Duplicating 25 285 400 400 - 6563 Supplies/Special 45 60 100 100 - 6572 Office Furniture & Equipment 975 910 500 500 - 6601 Advertising Expense 10,290 670 12,000 12,000 - 6610 Bond Administration 12,800 24,200 26,500 26,500 - 6611 Bond Issuance Expense 20 21,855 - - - 6625 Program Expense 24,480 25,445 48,460 44,000 (4,460) 6630 Community Program Support 60,950 52,000 53,000 48,545 (4,455) 6645 Relocation Costs 645,000 2,230,000 700,000 700,000 - 6650 Rehabilitation Costs 25,000 63,475 - - - 6815 Maint & Repairs/Bldgs 31,650 20,170 67,000 58,000 (9,000) 6835 Maint & Repair/Equipment 135 105 300 300 - 6904 Utilities/Other - 9,685 5,000 5,000 - 6915 Utilities/Telephone 1,295 905 1,200 1,200 - 7001 Interest Expense 1,178,585 592,445 200,000 200,000 - 7015 Tax/Property 11,890 - - - - 7027 Assistance from City to Redev - - 200,000 200,000 - 409 BUDGET UNIT: ALL FUND 80 DIVISIONS-RDA CIP FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #07-08 08-09 09-10 10-11 7035 Grants-In-Aid 179,000 38,920 175,000 100,000 (75,000) 7099 Miscellaneous 750,725 751,000 - - - OPERATIONS SUBTOTAL 4,611,825 4,665,935 2,465,960 2,154,045 (311,915) CAPITAL OUTLAY 7105 Land Acquisition 228,680 750 6,382,200 1,950,000 (4,432,200) 7110 Land Preparation 1,055,035 510,275 53,300 - (53,300) 7115 Land Disposal Expense 5,260 7,600 62,500 32,500 (30,000) 7145 Lines, Mains & Sewers - - 40,000 - (40,000) 7170 Highways/Streets/Roadway - - 392,000 - (392,000) 7176 Sidewalks / Crosswalks - - 414,000 - (414,000) CAPITAL OUTLAY SUBTOTAL 1,288,975 518,625 7,344,000 1,982,500 (5,361,500) TRANSFERS OUT 5950 Transfers Out 16,563,760 3,427,520 4,965,145 2,170,820 (2,794,325) TRANSFERS OUT SUBTOTAL 16,563,760 3,427,520 4,965,145 2,170,820 (2,794,325) RDA CIP FUND TOTAL: 23,362,580 9,405,235 15,569,735 7,100,405 (8,469,330) 410 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE OPERATIONS CapPrj/Merged/Admin 6220 Training Schools - 495 500 500 - 6230 Dues & Subscriptions 12,835 14,540 15,100 15,100 - 6235 Meetings & Conferences 4,770 4,250 8,000 8,000 - 6240 Mileage Reimbursement - 10 - - - 6301 Legal Fees 10,500 10,330 10,000 10,000 - 6315 Accounting/Auditing Services 12,400 15,700 17,000 17,000 - 6340 Special Studies - - 40,000 - (40,000) 6345 Program Consultants 123,980 107,270 80,000 80,000 - 6399 Professional Services/Other 3,200 - 5,000 5,000 - 6493 Outside Services & Repairs 19,360 24,665 25,000 25,000 - 6509 Publications/Other 210 25 100 100 - 6521 Messenger Service 155 215 300 300 - 6527 Supplies/Computer /Small Equip 690 40 500 500 - 6530 Office Supplies 2,455 3,370 3,000 3,000 - 6539 Printing, Binding & Duplicating 25 285 400 400 - 6563 Supplies/Special 45 60 100 100 - 6572 Office Furniture & Equipment 975 910 500 500 - 6601 Advertising Expense 10,290 670 12,000 12,000 - 6610 Bond Administration 12,800 24,200 26,500 26,500 - 6611 Bond Issuance Expense 20 21,855 - - - 6625 Program Expense 16,165 11,970 10,000 10,000 - 6630 Community Program Support 60,950 52,000 53,000 48,545 (4,455) 6835 Maint & Repair/Equipment 135 105 300 300 - 6915 Utilities/Telephone 1,295 905 1,200 1,200 - 7001 Interest Expense 313,420 82,345 200,000 200,000 - 7027 Assistance from City to Redev - - 200,000 200,000 - SUBTOTAL 606,675 376,215 708,500 664,045 (44,455) 411 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE CapPrj/Merged/CBD 6301 Legal Fees 262,355 294,500 274,000 230,000 (44,000) 6325 Appraisal Fees 49,750 54,900 42,500 42,500 - 6340 Special Studies 161,710 - 70,000 - (70,000) 6345 Program Consultants 166,200 124,535 123,000 123,000 - 6399 Professional Services/Other 600,875 130,885 105,000 85,000 (20,000) 6493 Outside Services & Repairs - - 25,000 - (25,000) 6518 Postage 850 - - - - 6521 Messenger Service 20 - - - - 6530 Office Supplies - 25 - - - 6625 Program Expense 8,235 13,475 34,460 30,000 (4,460) 6645 Relocation Costs 645,000 2,230,000 700,000 700,000 - 6650 Rehabilitation Costs 25,000 63,475 - - - 6815 Maint & Repairs/Bldgs 31,650 20,170 64,500 55,500 (9,000) 6904 Utilities/Other - 9,685 5,000 5,000 - 7001 Interest Expense 77,285 510,100 - - - 7015 Tax/Property 11,890 - - - - 7035 Grants-In-Aid 179,000 38,920 175,000 100,000 (75,000) 7099 Miscellaneous 750,725 751,000 - - - SUBTOTAL 2,970,545 4,241,670 1,618,460 1,371,000 (247,460) CapPrj/Merged/WED 6301 Legal Fees 145,745 36,075 67,500 52,500 (15,000) 6325 Appraisal Fees 26,600 10,000 15,000 15,000 - 6345 Program Consultants 27,835 1,975 30,000 25,000 (5,000) 6399 Professional Services/Other 46,465 - 20,000 20,000 - 6625 Program Expense 80 - 4,000 4,000 - 6815 Maint & Repairs/Bldgs - - 2,500 2,500 - 7001 Interest Expense 787,880 - - - - SUBTOTAL 1,034,605 48,050 139,000 119,000 (20,000) OPERATIONS SUBTOTAL 4,611,825 4,665,935 2,465,960 2,154,045 (311,915) 412 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE CAPITAL OUTLAY CapPrj/Merged/CBD 7105 Land Acquisition - 750 5,250,000 1,950,000 (3,300,000) 7110 Land Preparation 1,055,035 510,275 53,300 - (53,300) 7115 Land Disposal Expense - 7,600 55,000 25,000 (30,000) 7120 Construction & Improvements - - - - - 7130 Structures/Other - - - - - SUBTOTAL 1,055,035 518,625 5,358,300 1,975,000 (3,383,300) CapPrj/Merged/WED 7105 Land Acquisition 228,680 - - - - 7115 Land Disposal 5,260 - 7,500 7,500 - SUBTOTAL 233,940 - 7,500 7,500 - Cap Proj/TAB 2008A - 7105 Land Acquisition - - 1,132,200 - (1,132,200) 7145 Lines, Mains & Sewers - - 40,000 - (40,000) 7170 Highways/Streets/Roadway - - 392,000 - (392,000) 7176 Sidewalks / Crosswalks - - 414,000 - (414,000) SUBTOTAL - - 1,978,200 - (1,978,200) CAPITAL OUTLAY SUBTOTAL 1,288,975 518,625 7,344,000 1,982,500 (5,361,500) TRANSFERS OUT CapPrj/Merged/Admin 5950 Transfers Out 75,805 105,720 107,695 105,775 (1,920) SUBTOTAL 75,805 105,720 107,695 105,775 (1,920) CapPrj/Merged/CBD 5950 Transfers Out 16,487,955 473,860 4,857,450 1,924,145 (2,933,305) SUBTOTAL 16,487,955 473,860 4,857,450 1,924,145 (2,933,305) 413 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE CapPrj/Merged/WED 5950 Transfers Out - 93,075 - 140,900 140,900 SUBTOTAL - 93,075 - 140,900 140,900 CapPrj/Merged/TAB 2005 5950 Transfers Out - 750,000 - - - SUBTOTAL - 750,000 - - - CapPrj/Mrg/TAB 2007A - 5950 Transfers Out - 2,800 - - - SUBTOTAL - 2,800 - - - Cap Proj/TAB 2008A Series 5950 Transfers Out - 2,002,065 - - - SUBTOTAL - 2,002,065 - - - TRANSFERS OUT SUBTOTAL 16,563,760 3,427,520 4,965,145 2,170,820 (2,794,325) RDA CIP FUND TOTAL: 23,362,580 9,405,235 15,569,735 7,100,405 (8,469,330) 414 THIS PAGE INTENTIONALLY LEFT BLANK 415 Cost 6301 $63,500 6345 $90,000 6399 $30,000 6625 $4,500 6815 $40,000 7001 $50,170 7005 $99,620 7099 $125,000 Maint & Repairs/Bldgs - Maintenance for Agency-owned properties including acquired Affordable Housing Project sites. SpRev/Mrg/ Lmod 20% 8110155000 Program Expense - Housing Rehab-$500; Atlantis-$2,500; misc-$1,500 Miscellaneous Expense - Down payment Assistance Program (DPAP) initiated in FY 2007/08 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 Down payment 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. ECONOMIC & COMMUNITY DEVELOPMENT- REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA LOW-TO-MODERATE INCOME HOUSING FUNDS Account Number Description 416 BUDGET UNIT: ALL FUND 81 DIVISIONS-RDA LOW-TO-MODERATE HOUSING FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #07-08 08-09 09-10 10-11 OPERATIONS 6301 Legal Fees 49,025 85,200 63,500 63,500 - 6325 Appraisal Fees - 29,400 12,000 - (12,000) 6345 Program Consultants 41,165 149,330 92,000 90,000 (2,000) 6399 Professional Services/Other 6,150 10,875 41,000 30,000 (11,000) 6610 Bond Administration - - 4,000 4,000 - 6625 Program Expense 5,155 3,515 5,000 4,500 (500) 6650 Rehabilitation Costs 76,500 151,355 - - - 6815 Maint & Repairs/Bldgs - 3,090 40,000 40,000 - 7001 Interest Expense 61,285 55,810 50,170 50,170 - 7005 Principal Payments - 182,645 99,620 99,620 - 7099 Miscellaneous - 795,080 444,920 125,000 (319,920) OPERATIONS SUBTOTAL 239,280 1,466,300 852,210 506,790 (345,420) CAPITAL OUTLAY 7105 Land Acquisition - - 4,330,130 - (4,330,130) 7110 Land Preparation - 11,920 190,000 - (190,000) 7115 Land Disposal Expense - - 140,000 - (140,000) CAPITAL OUTLAY SUBTOTAL - 11,920 4,660,130 - (4,660,130) TRANSFERS OUT 5950 Transfers Out 2,023,065 724,720 3,277,700 1,504,280 (1,773,420) TRANSFERS OUT SUBTOTAL 2,023,065 724,720 3,277,700 1,504,280 (1,773,420) RDA CIP FUND TOTAL: 2,262,345 2,202,940 8,790,040 2,011,070 (6,778,970) 417 BUDGET UNIT: ALL FUND 81 DIVISIONS-RDA LOW-TO-MODERATE HOUSING FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE OPERATIONS SpRev/Mrg/Lmod 20% 6301 Legal Fees 49,025 85,200 63,500 63,500 - 6325 Appraisal Fees - 29,400 12,000 - (12,000) 6345 Program Consultants 41,165 149,330 92,000 90,000 (2,000) 6399 Professional Services/Other 6,150 10,875 41,000 30,000 (11,000) 6610 Bond Administration - - 4,000 4,000 - 6625 Program Expense 5,155 3,515 5,000 4,500 (500) 6650 Rehabilitation Costs 76,500 151,355 - - - 6815 Maintenance - 3,090 40,000 40,000 - 7001 Interest Expense 61,285 55,810 50,170 50,170 - 7005 Principal Payments - 182,645 99,620 99,620 - 7099 Miscellaneous - 795,080 444,920 125,000 (319,920) OPERATIONS SUBTOTAL 239,280 1,466,300 852,210 506,790 (345,420) CAPITAL OUTLAY SpRev/Mrg/Lmod 20% 7105 Land Acquisition - - 1,600,000 - (1,600,000) 7110 Land Preparation - 11,920 - - - 7115 Land Disposal Expense - - 140,000 - (140,000) SUBTOTAL - 11,920 1,740,000 - (1,740,000) SpRev//Lmod/2008B Housing Bonds 7105 Land Acquisition - - 2,730,130 - (2,730,130) 7110 Land Preparation 190,000 - (190,000) SUBTOTAL - - 2,920,130 - (2,920,130) - CAPITAL OUTLAY SUBTOTAL - 11,920 4,660,130 - (4,660,130) 418 BUDGET UNIT: ALL FUND 81 DIVISIONS-RDA LOW-TO-MODERATE HOUSING FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE TRANSFERS OUT SpRev/Mrg/Lmod 20% 5950 Transfers Out 2,023,065 724,720 1,677,700 1,504,280 (173,420) SUBTOTAL 2,023,065 724,720 1,677,700 1,504,280 (173,420) SpRev//Lmod/2008B Housing Bonds 5950 Transfers Out - - 1,600,000 - (1,600,000) SUBTOTAL - - 1,600,000 - (1,600,000) TRANSFERS OUT SUBTOTAL 2,023,065 724,720 3,277,700 1,504,280 (1,773,420) RDA-20% SET-ASIDE TOTAL: 2,262,345 2,202,940 8,790,040 2,011,070 (6,778,970) 419 Cost 6625 $7,000 7001 $6,180,425 7005 $1,469,275 7040 $675,605 7042 $1,570,850 7044 $2,605,025 7045 $120,245 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA DEBT SERVICE FUND Account Number Description Interest Expense - Interest payments/accruals as follows: Tax Allocation Bonds-$3,179,690; Price Club (Sales Tax Note)-$721,470; City (Sales Tax Note)-$804,560; Breezeway-$800; 850 W. 10th St.-$23,090; NEC-$30,980; City and Rosedale Loans-$354,700; Enterprise-$222,430; Block 36-$67,500; CIP COPs-$134,560; KREMS Site- $64,785; Auto Dealer-$237,225; City (Ranch Ctr Sales Tax Note)-$14,845; 25-Yr L&W-$107,715; Tenant Loan- $73,315; APFA Loan (Ranch Ctr)-$134,560 Principal Expense - Principal payments due as follows: Tax Allocation Bonds-$1,135,000; CIP COPs- $225,000; KREMS Site-$93,170; Talley Rehab-$7,855; Breezeway Site-$8,250 Program Expense - Funds to pay for annual tax increment audit feesDebt Service 82xxxxxxxx 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 - Property Tax increment statutory pass-through payments to City of Azusa; Sales tax pass-through to the City including amortized interest of $1,496,850 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. 420 BUDGET UNIT: ALL FUND 82 DIVISIONS-RDA DEBT SERVICE FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #07-08 08-09 09-10 10-11 OPERATIONS 6611 Bond Issuance Expense 718,235 555,680 - - - 6625 Program Expense - - 7,000 7,000 - 7001 Interest Expense 2,956,400 3,820,505 6,617,300 6,180,425 (436,875) 7005 Principal Payments 757,740 1,430,325 1,796,110 1,469,275 (326,835) 7040 Contributions to Other Agencies 101,580 155,415 2,726,630 675,605 (2,051,025) 7042 Pass-Through to City 2,263,875 2,206,975 1,548,730 1,570,850 22,120 7044 LACO Tax Incr Pass-Through 2,348,375 2,440,460 2,703,030 2,605,025 (98,005) 7045 Other Agency Contributions 108,130 131,670 112,180 120,245 8,065 7046 Payments to Refunding Escrow Agent 5,161,200 - - - - 7099 Miscellaneous 13,890 530,480 - - - OPERATIONS SUBTOTAL 14,429,425 11,271,510 15,510,980 12,628,425 (2,882,555) TRANSFERS OUT 5950 Transfers Out 2,984,940 19,418,655 6,612,890 4,313,860 (2,299,030) 5952 Tax Increment Transfers Out 1,511,310 1,586,870 1,562,330 1,576,110 13,780 TRANSFERS OUT SUBTOTAL 4,496,250 21,005,525 8,175,220 5,889,970 (2,285,250) RDA CIP FUND TOTAL: 18,925,675 32,277,035 23,686,200 18,518,395 (5,167,805) 421 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE OPERATIONS Debt Svc/Merged/CBD 6625 Program Expense - - 5,000 5,000 - 7001 Interest Expense 457,765 500,755 1,535,380 1,144,270 (391,110) 7005 Principal Payments 322,740 565,325 471,110 334,275 (136,835) 7040 Contributions to Other Agencies 77,395 80,460 1,089,480 280,445 (809,035) 7042 Pass-Through to City 38,205 255 39,000 39,000 - 7044 LACO Tax Incr Pass-Through 908,340 943,940 1,159,780 982,075 (177,705) 7045 Other Agency Contributions 48,215 62,815 49,180 46,150 (3,030) SUBTOTAL 1,852,660 2,153,550 4,348,930 2,831,215 (1,517,715) Debt Svc/Merged/WED 6625 Program Expense - - 2,000 2,000 - 7001 Interest Expense 780,230 804,475 1,503,480 1,526,030 22,550 7040 Contributions to Other Agencies 16,905 67,485 1,587,880 378,290 (1,209,590) 7042 Pass-Through to City 2,225,670 2,206,720 1,509,730 1,531,850 22,120 7044 LACO Tax Incr Pass-Through 1,355,635 1,414,025 1,458,890 1,538,260 79,370 7045 Other Agency Contributions 57,050 66,115 58,200 71,085 12,885 SUBTOTAL 4,435,490 4,558,820 6,120,180 5,047,515 (1,072,665) DbtSvc/Mrg/TAB/2003 7001 Interest Expense 387,355 378,000 367,090 354,280 (12,810) 7005 Principal Payments 435,000 445,000 450,000 460,000 10,000 SUBTOTAL 822,355 823,000 817,090 814,280 (2,810) DbtSvc/Mrg/TAB/2005 7001 Interest Expense 424,915 428,930 433,120 437,550 4,430 SUBTOTAL 424,915 428,930 433,120 437,550 4,430 DbtSvc/Mrg/TAB/2007A 6611 Bond Issuance Expense 615,710 - - - - 7001 Interest Expense 474,180 934,170 915,550 894,780 (20,770) 7005 Principal Payment - 340,000 365,000 385,000 20,000 SUBTOTAL 1,089,890 1,274,170 1,280,550 1,279,780 (770) 422 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE DbtSvc/Mrg/TAB/2007B 6611 Bond Issuance Expense 102,525 - - - - 7001 Interest Expense 122,055 241,165 237,810 234,230 (3,580) 7005 Principal Payment - 80,000 85,000 85,000 - 7046 Payments to Refunding Escrow Agent 5,161,200 - - - - 7099 Miscellaneous 13,890 - - - - SUBTOTAL 5,399,670 321,165 322,810 319,230 (3,580) DbtSvc/Mrg/TAB/2008A 6611 Bond Issuance Expense - 227,175 - - - 7001 Interest Expense - 60,265 502,970 499,390 (3,580) 7005 Principal Payment - - 70,000 80,000 10,000 7099 Miscellaneous 162,590 - - - SUBTOTAL - 450,030 572,970 579,390 6,420 DbtSvc/Mrg/TAB/2008B 6611 Bond Issuance Expense - 328,505 - - - 7001 Interest Expense - 142,025 768,490 759,460 (9,030) 7005 Principal Payment - - 355,000 125,000 (230,000) 7099 Miscellaneous 367,890 - - - SUBTOTAL - 838,420 1,123,490 884,460 (239,030) Debt Svc/Ranch/Rch 7001 Interest Expense 309,900 330,720 353,410 330,435 (22,975) 7040 Contributions to Other Agencies 7,280 7,470 49,270 16,870 (32,400) 7044 LACO Tax Incr Pass-Through 84,400 82,495 84,360 84,690 330 7045 Other Agency Contributions 2,865 2,740 4,800 3,010 (1,790) SUBTOTAL 404,445 423,425 491,840 435,005 (56,835) OPERATIONS SUBTOTAL 14,429,425 11,271,510 15,510,980 12,628,425 (2,882,555) 423 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #07-08 08-09 09-10 10-11 VARIANCE TRANSFERS OUT Debt Svc/Merged/CBD 5950 Transfers To Other Funds 1,290,130 1,823,000 3,048,590 2,275,580 (773,010) 5952 Tax Increment Transfers Out 599,235 641,980 619,760 566,220 (53,540) SUBTOTAL 1,889,365 2,464,980 3,668,350 2,841,800 (826,550) Dbt Svc/Merged/WED 5950 Transfers To Other Funds 1,693,775 2,165,400 3,523,040 2,038,280 (1,484,760) 5952 Tax Increment Transfers Out 880,255 914,105 911,060 978,270 67,210 SUBTOTAL 2,574,030 3,079,505 4,434,100 3,016,550 (1,417,550) Dbt Svc/Ranch/Rch 5950 Transfers To Other Funds 1,035 255 41,260 - (41,260) 5952 Tax Increment Transfers Out 31,820 30,785 31,510 31,620 110 SUBTOTAL 32,855 31,040 72,770 31,620 (41,150) Dbt Svc/TAB 08A 5950 Transfers To Other Funds - 5,670,000 - - - SUBTOTAL - 5,670,000 - - - Dbt Svc/TAB 08B 5950 Transfers To Other Funds - 9,760,000 - - - SUBTOTAL - 9,760,000 - - - TRANSFERS OUT SUBTOTAL 4,496,250 21,005,525 8,175,220 5,889,970 (2,285,250) DEBT SERVICE FUND TOTAL: 18,925,675 32,277,035 23,686,200 18,518,395 (5,167,805) 424