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Home My WebLink AboutL. Redevelopment AgencyREDEVELOPMENT AGENCY Capital Projects 20% Set Aside Debt Service THIS PAGE INTENTIONALLY LEFT BLANK 404 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. 405 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY 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 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. In July 2010, the Agency terminated the ENA with Hopkins due to default of the ENA deposit terms. Lewis has continued to express interest in working with the Agency to develop the Downtown North Redevelopment Project site. However, while market conditions in some retail sectors have improved since the original Lewis ENA in 2009, the current economic downturn has continued to hamper the Agency’s ability to recruit and sign a major supermarket for this trade area. In April 2011, the Agency began negotiations with Lewis Retail Centers for a Third ENA that would provide for the development of that portion of the Downtown North Redevelopment Project Area commonly referred to “Blocks A2 and A3” which is generally bounded by San Gabriel Avenue on the west, the Metropolitan Transit Authority right-of-way on the south, 9th Street on the north and Dalton Avenue on the east. The deal points to be included in the Third ENA would be consistent with those incorporated into the previous ENA’s. • Target Store – In FY 2008-09, the Agency entered into a Disposition and Development Agreement (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 project was completed in early October 2010 and a ground breaking ceremony was held on October 10, 2010 for the residents of the community. • Foothill Shopping Center – In FY 2007-08, Trachman-Indevco completed their renovation of this obsolete Shopping Center, which has been renamed Citrus Crossing Center. While the rehabilitation of Citrus Crossing has had an extremely positive effect in the community, certain aspects of the site’s development became stalled due to the downturn in the economy. This included the recruitment of a restaurant operator for the 7,500 square foot building pad fronting onto Citrus Avenue and the proposed 102-townhouse development. In an effort to incentivize quality restaurants to locate to the center, the developer continued to 406 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY market the restaurant pad at annual events (e.g., International Council of Shopping Centers) to provide full-service, sit-down dining. During this downtown staff became aware that there may be an opportunity to assist the Developer in bringing an Applebee’s Restaurant to the undeveloped building pad. In June 2010, the City Manager met with the Developer and discussed ways in which the City/Agency could amend the initial DDA with the developer to allow for a deferral of the required annual developer payments in the amount of approximately $40,000 for a period of three years. On October 18, 2010 the Agency Board approved the First Amendment to the Statutory Development Agreement and Owner Participation Agreement to allow for the deferment. In October 2010, the Agency Board approved an Operating Covenant Agreement with APPLE SOCAL, LLC. In April 2011 a ground breaking ceremony was held for the Applebee’s Restaurant and is expected to open July 2011. • Block 36 – The site is located on the Southeast Corner (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 2011 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. Immediately following the Agency’s acquisition of the Site, staff began reaching out to potential developers to explore redevelopment 407 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY opportunities. Some of the land uses considered include hotels, car dealerships, big-box retail, mixed use commercial/residential, supermarkets, home improvement, etc. As a result of this outreach effort, staff began discussions with Kal Pacific & Associates, Inc. of Temecula, California for the possible development of a hotel and restaurant on the Site. Kal Pacific has been developing commercial projects for 25 years. It is anticipated that Kal Pacific will serve as the developer for the proposed hotel project and anticipates entering into an ENA with the Agency. On May 16, 2011, the Agency Board approved the ENA with Kal Pacific, Inc. for the development of a hotel project. • 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. 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 408 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY 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. • Down Payment 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. The Agency acquired two additional properties and closed escrow in January 2011. 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 moderate income families. In July 2010, the Agency issued a Developer Request for Proposal (RFP) to the seven firms on the Pre-Qualification List. Agency staff received five proposals from the following developers: 1. AMCAL 2. A joint venture of Jamboree Housing and Bridge Housing 3. Mercy Housing 4. National Community Renaissance (National CORE) 5. A joint venture of The Olson Company, TELACU, Related, and Homework House The five development proposals were then reviewed and scored by Agency staff and the Agency’s redevelopment consultants, Urban Futures, Inc. and HR&A Advisors Inc. (HR&A is under contract with the Los Angeles County Community Development Commission). In December 2010, the Agency Board approved Mercy Housing as the developer for the project site. Their proposal calls for a $74.7 million project consisting of 193 units built in three phases. The design would be two and three story 409 ECONOMIC AND COMMUNITY DEVELOPMENT REDEVELOPMENT DIVISION PROGRAM COMMENTARY townhomes with 31,000 square feet of open space and an on-site property management and tenant services component, including the Homework House. It is the developer’s intent to leverage a number of tax credits and subsidies, including City of Industry funds. • 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. 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 11-12 PROPOSED INDEBTEDNESS: The Agency does not propose to issue any new bond debt in FY 2011-12 at this time. 410 THIS PAGE INTENTIONALLY LEFT BLANK 411 Budget Division: REDEVELOPMENT AGENCY - ADMINISTRATION FY 10-11 FY 11-12 FY 10-11 FY 11-12 FY 10-11 FY 11-12 FY 10-11 FY 11-12 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 $110,260 $110,260 Council Stipend N/A N/A $3,600 $3,600 Economic and Comm Dev Director (b)0.67 0.67 103,410 103,410 Dept. Intern 450 - 5,130 0 Assistant City Manager(c)0.20 0.20 30,080 30,080 Administrative Services Dir./CFO (d)0.20 0.20 34,635 34,635 Controller(e)0.10 0.20 11,250 20,465 Senior Accountant(f)0.50 0.20 38,060 16,735 Administrative Secretary 1.00 1.00 58,675 59,695 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) FY 2010-11: .90 FTE Administrative Services-Finance; FY 2011-12: .80 FTE Adminstrative Services-Finance (f) FY 2010-11: .50 FTE CDBG; FY 2011-12: .50 FTE Prop A, .30 FTE Administrative Services-Finance TOTAL 5.17 4.97 $524,145 $513,055 TOTAL 450 0 $8,730 $3,600 Full Time Positions Part Time Positions 412 BUDGET UNIT: ALL FUND 80 DIVISIONS-RDA CIP FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #08-09 09-10 10-11 11-12 PERSONNEL 6003 Salaries/Regular 502,045 478,545 524,145 513,055 (11,090) 6006 Salaries/Temp & Part-Time 3,685 6,045 8,730 3,600 (5,130) 6012 Salaries/Comp-Time 1,345 3,645 - - - 6015 Salaries/Vacation 12,870 20,445 - - - 6024 Salaries/Sick Leave 9,030 18,840 - - - 6033 Overtime Pay/Premium 690 - - - - 6045 Standby Pay/Premium 1,605 1,605 1,595 1,450 (145) 6048 Salaries/Language Pay 3,615 3,620 3,600 4,080 480 6063 Salaries/Jury Duty 605 - - - - 6069 Allowances/Vehicle 9,410 7,200 9,380 4,700 (4,680) 6070 Allowances/Telephone 755 755 750 750 - 6101 PERS/Employee Contribution 38,310 37,545 37,070 36,565 (505) 6105 PERS/Employer Contribution 65,690 62,735 61,130 65,900 4,770 6109 PARS/Employer 15,950 17,865 24,430 25,045 615 6125 FICA/Employer Contrib/Med 9,040 9,375 9,015 8,760 (255) 6133 Retiree Health Premium Reimb - - - 1,335 1,335 6140 Life Insurance Allocation 2,265 1,370 1,430 1,395 (35) 6155 Workers' Comp Allocation 21,655 21,610 21,645 20,960 (685) 6160 LTD Insurance Allocation 5,120 5,705 4,045 3,995 (50) 6165 Unemployment Allocation 535 550 630 605 (25) 6175 Benefits/Flex Plan 76,245 76,660 80,565 79,810 (755) 6180 Deferred Comp/Employer Paid 12,690 14,620 13,930 13,935 5 PERSONNEL SUBTOTAL 793,155 788,735 802,090 785,940 (16,150) 413 Cost 6230 $15,100 6235 $8,000 6301 $100,000 6315 $17,000 6325 $42,500 6345 $149,000 6399 $57,500 6493 $25,000 6509 $100 (continued) Outside Services & Repairs - HdL Sales and Property Tax systems. CapPrj/ Merged 80xxxxxxxx Dues/Subscriptions - California Redevelopment Association (CRA), California Downtown Association, International Council of Shopping Centers (ICSC), National Main Street/Historic Preservation, Notary dues, San Gabriel Valley Economic Partnership and Southern California Association of Governments (SCAG). Meeting/Conferences - California Redevelopment Association (CRA) annual conference and meetings, California Society of Municipal Finance Officers (CSMFO) meetings, ICSC Conferences with Booth Rental, developer meetings, and marketing conferences. Legal Fees - For various projects in Downtown North, Block 36 and miscellaneous projects. 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 Services - Miscellaneous consulting services including environmental investigations, CEQA studies, parking studies, etc., for the following projects: Downtown North, NEC Arrow & Azusa and miscellaneous projects. Publications - Demographic data, miscellaneous marketing/statistical publications, CRA brochures, and redevelopment legal guides. Program Consultants - Senior project management services for the following projects: Block 36, Downtown North, NEC Arrow & Azusa, Block 37 and miscellaneous projects. Appraisal Fees - Miscellaneous projects. ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND (SUMMARY) Account Number Description 414 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND (SUMMARY) 6527 $500 6530 $3,000 6572 $500 6601 $12,000 6610 $32,200 6625 $29,000 6630 $48,545 6815 $33,000 6835 $300 7001 $200,000 7027 $200,000 7035 $200,000 7110 $50,000 7115 $20,000 Office Furniture & Equipment - Purchase of furniture and equipment as needed. Maint & Repair/Equipment - Repairs of equipment. Program Expense - Marketing brochures, newsletters, promotional giveaways for ICSC conferences, and ribbon cuttings and groundbreakings. Also includs special mailings and project meetings. Advertising - 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. Land Disposal Expense - Closing costs, title reports, other fees associated with the purchase and sale of properties. Land Preparation - Allowance for preparation of acquired properties for various projects. Assistance from City (Overhead/Departmental Allocations) - Payment to the General Fund for overhead and service allocations. Bond Administration - Fees associated with bond issues. Pays for 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. Computer Supplies - Toners, CDs, etc. Office Supplies - Various office supplies such as folders, binders, pens, etc. Grants-In-Aid - Incentives for quality restaurant tenant attraction. Community Programs - Miss Azusa-$10,000; Miss Outstanding-$5,000; Chamber of Commerce-$32,545; and Winter Fiesta-$1,000. Maint & Repairs/Bldgs - Maintenance for Agency-owned properties. 415 BUDGET UNIT: ALL FUND 80 DIVISIONS-RDA CIP FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #08-09 09-10 10-11 11-12 OPERATIONS 6220 Training Schools 495 - 500 - (500) 6230 Dues & Subscriptions 14,540 12,985 15,100 15,100 - 6235 Meetings & Conferences 4,250 8,040 8,000 8,000 - 6240 Mileage Reimbursement 10 25 - - - 6301 Legal Fees 340,905 238,165 292,500 100,000 (192,500) 6315 Accounting/Auditing Services 15,700 12,100 17,000 17,000 - 6325 Appraisal Fees 64,900 14,400 57,500 42,500 (15,000) 6340 Special Studies - 104,375 - - - 6345 Program Consultants 233,780 194,215 228,000 149,000 (79,000) 6399 Professional Services/Other 130,885 35,335 110,000 57,500 (52,500) 6493 Outside Services & Repairs 24,665 40,370 25,000 25,000 - 6509 Publications/Other 25 - 100 100 - 6521 Messenger Service 215 185 300 300 - 6527 Supplies/Computer/Small Equipment 40 - 500 500 - 6530 Office Supplies 3,395 2,910 3,000 3,000 - 6539 Printing, Binding & Duplicating 285 175 400 400 - 6563 Supplies/Special 60 - 100 100 - 6572 Office Furniture & Equipment 910 85 500 500 - 6601 Advertising Expense 670 11,715 12,000 12,000 - 6610 Bond Administration 24,200 32,200 26,500 32,200 5,700 6611 Bond Issuance Expense 21,855 - - - - 6625 Program Expense 25,445 15,910 44,000 29,000 (15,000) 6630 Community Program Support 52,000 51,925 48,545 48,545 - 6645 Relocation Costs 2,230,000 - - - - 6650 Rehabilitation Costs 63,475 - - - - 6815 Maint & Repairs/Bldgs 20,170 54,465 58,000 33,000 (25,000) 6835 Maint & Repair/Equipment 105 140 300 300 - 6904 Utilities/Other 9,685 3,485 5,000 5,000 - 6915 Utilities/Telephone 905 1,410 1,200 1,200 - 7001 Interest Expense 592,445 697,675 200,000 200,000 - 7027 Assistance from City to Redev - 200,000 200,000 200,000 - 7035 Grants-In-Aid 38,920 55,965 200,000 200,000 - 7099 Miscellaneous 751,000 - - - - 416 BUDGET UNIT: ALL FUND 80 DIVISIONS-RDA CIP FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #08-09 09-10 10-11 11-12 OPERATIONS SUBTOTAL 4,665,935 1,788,255 1,554,045 1,180,245 (373,800) CAPITAL OUTLAY 7105 Land Acquisition 750 - - - - 7110 Land Preparation 510,275 78,350 - 50,000 50,000 7115 Land Disposal Expense 7,600 6,175 32,500 20,000 (12,500) 7145 Lines, Mains & Sewers - 25,140 - - - 7170 Highways/Streets/Roadway - 3,115 388,885 - (388,885) 7176 Sidewalks / Crosswalks - 90 351,450 - (351,450) CAPITAL OUTLAY SUBTOTAL 518,625 449,870 917,575 70,000 (847,575) TRANSFERS OUT 5950 Transfers Out 3,427,520 6,731,620 2,220,820 2,163,965 (56,855) TRANSFERS OUT SUBTOTAL 3,427,520 6,731,620 2,220,820 2,163,965 (56,855) RDA CIP FUND TOTAL: 9,405,235 9,758,480 5,494,530 4,200,150 (1,294,380) 417 Cost 6230 $15,100 6235 $8,000 6301 $10,000 6315 $17,000 6345 $80,000 6399 $5,000 6493 $25,000 6509 $100 6527 $500 6530 $3,000 6572 $500 6601 $12,000 continued Outside Services & Repairs - HdL Sales and Property Tax systems. ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND (DETAILS) Account Number Description Office Supplies - Various office supplies such as folders, binders, pens, etc. Dues/Subscriptions - California Redevelopment Association (CRA), California Downtown Association, International Council of Shopping Centers (ICSC), National Main Street/Historic Preservation, Notary dues, San Gabriel Valley Economic Partnership and Southern California Association of Governments (SCAG). Meeting/Conferences - California Redevelopment Association (CRA) annual conference and meetings, California Society of Municipal Finance Officers (CSMFO) meetings, ICSC Conferences with Booth Rental, developer meetings, and marketing conferences. Legal Fees - Miscellaneous attorney fees. Accounting/Auditing Services - Services include annual independent audit for the Redevelopment Agency, its tax allocation bonds, and two 1992 mortgage revenue refunding bond issues. CapPrj/ Merged/ Admin 8010110000 Program Consultants - To provide general project management staff support for the current level of redevelopment activity. Advertising - 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. Professional Service - Miscellaneous economic development specialized analysis as necessary. Publications - Demographic data, miscellaneous marketing/statistical publications, CRA brochures, and redevelopment legal guides. Office Furniture & Equipment - Purchase of furniture and equipment as needed. Computer Supplies - Toners, CDs, etc. 418 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND (DETAILS) 6610 $26,500 6625 $10,000 6630 $48,545 6835 $300 7001 $200,000 7027 $200,000 Community Programs - Chamber of Commerce assistance to $32,545 (total $79,380 with $46,835 from L&W); Downtown Azusa Business Association (DABA) Miss Azusa Program for $10,000; Miss Teen Azusa Program for $5,000; and Azusa Winter Fiesta sponsorship $1,000. Bond Administration - Fees associated with bond issues. Pays for 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. Maint & Repair/Equipment - On an as needed basis. Program Expense - Economic development marketing brochures, newsletters, promotional giveaways for ICSC conferences, and ribbon cuttings and groundbreakings. Assistance 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. 419 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND (DETAILS) 6301 $70,000 6325 $37,500 6345 $59,000 6399 $45,000 6625 $16,000 6815 $30,500 6904 $5,000 7035 $200,000 7110 $50,000 7115 $12,500 Grants-In-Aid - Incentives for quality restaurant tenant attraction. Program Consultants - Senior project management services for the following projects: Block 36, Downtown North, NEC Arrow & Azusa, Block 37 and miscellaneous projects. Utilities/other - Utility fees for Agency-owned properties including Downtown North sites, and 237 S. Azusa. Legal Fees - For various projects in Downtown North, Block 36 and miscellaneous projects. 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 - Miscellaneous consulting services including environmental investigations, CEQA studies, parking studies, etc., for the following projects: Downtown North, NEC Arrow & Azusa and miscellaneous projects. Program Expense - Special mailings, courier fees, project meetings, etc. are budgeted for the following projects: Downtown North, NEC Arrow & Azusa, Block 36, Block 37 and miscellaneous projects. Maint & Repairs/Bldgs - Maintenance for Agency-owned properties including NEC Azusa & Arrow, Dalton Avenue properties, Downtown North sites, etc. Land Disposal Expense - Closing costs, title reports, other fees associated with the purchase and sale of properties. Land Preparation - Allowance for preparation of acquired properties for various projects. CapPrj/ Merged/ CBD 8010125000 420 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA CIP FUND (DETAILS) 6301 $20,000 6325 $5,000 6345 $10,000 6399 $7,500 6625 $3,000 6815 $2,500 7115 $7,500Land Disposal Expense - Closing costs, title reports, other fees associated with the purchase and sale of properties. Legal Fees -D-Club and miscellaneous projects. Appraisal Fees - Miscellaneous projects. Program Consultants - Miscellaneous projects. Professional Services - Miscellaneous consulting services including environmental investigations, engineering services, etc. Maint & Repairs/Bldgs - Maintenance for Agency-owned properties in the West End area. Program Expense - Miscellaneous program expenses including special mailings, courier fees, project meetings, CapPrj/ Merged/ WED 8010135000 421 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #08-09 09-10 10-11 11-12 VARIANCE OPERATIONS CapPrj/Merged/Admin 6220 Training Schools 495 - 500 - (500) 6230 Dues & Subscriptions 14,540 12,985 15,100 15,100 - 6235 Meetings & Conferences 4,250 8,040 8,000 8,000 - 6240 Mileage Reimbursement 10 25 - - - 6301 Legal Fees 10,330 24,410 10,000 10,000 - 6315 Accounting/Auditing Services 15,700 12,100 17,000 17,000 - 6340 Special Studies - 34,375 - - - 6345 Program Consultants 107,270 101,955 80,000 80,000 - 6399 Professional Services/Other - 3,700 5,000 5,000 - 6493 Outside Services & Repairs 24,665 22,220 25,000 25,000 - 6509 Publications/Other 25 - 100 100 - 6521 Messenger Service 215 185 300 300 - 6527 Supplies/Computer /Small Equip 40 - 500 500 - 6530 Office Supplies 3,370 2,910 3,000 3,000 - 6539 Printing, Binding & Duplicating 285 175 400 400 - 6563 Supplies/Special 60 - 100 100 - 6572 Office Furniture & Equipment 910 85 500 500 - 6601 Advertising Expense 670 11,715 12,000 12,000 - 6610 Bond Administration 24,200 32,200 26,500 32,200 5,700 6611 Bond Issuance Expense 21,855 - - - - 6625 Program Expense 11,970 9,695 10,000 10,000 - 6630 Community Program Support 52,000 51,925 48,545 48,545 - 6835 Maint & Repair/Equipment 105 140 300 300 - 6915 Utilities/Telephone 905 1,410 1,200 1,200 - 7001 Interest Expense 82,345 56,810 200,000 200,000 - 7027 Assistance from City to Redev - 200,000 200,000 200,000 - SUBTOTAL 376,215 587,060 664,045 669,245 5,200 422 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #08-09 09-10 10-11 11-12 VARIANCE CapPrj/Merged/CBD 6301 Legal Fees 294,500 213,690 230,000 70,000 (160,000) 6325 Appraisal Fees 54,900 10,600 42,500 37,500 (5,000) 6340 Special Studies - 70,000 - - - 6345 Program Consultants 124,535 92,025 123,000 59,000 (64,000) 6399 Professional Services/Other 130,885 31,635 85,000 45,000 (40,000) 6493 Outside Services & Repairs - 18,150 - - - 6530 Office Supplies 25 - - - - 6625 Program Expense 13,475 6,215 30,000 16,000 (14,000) 6645 Relocation Costs 2,230,000 - - - - 6650 Rehabilitation Costs 63,475 - - - - 6815 Maint & Repairs/Bldgs 20,170 54,465 55,500 30,500 (25,000) 6904 Utilities/Other 9,685 3,485 5,000 5,000 - 7001 Interest Expense 510,100 640,865 - - - 7035 Grants-In-Aid 38,920 55,965 200,000 200,000 - 7099 Miscellaneous 751,000 - - - - SUBTOTAL 4,241,670 1,197,095 771,000 463,000 (308,000) CapPrj/Merged/WED 6301 Legal Fees 36,075 65 52,500 20,000 (32,500) 6325 Appraisal Fees 10,000 3,800 15,000 5,000 (10,000) 6345 Program Consultants 1,975 235 25,000 10,000 (15,000) 6399 Professional Services/Other - - 20,000 7,500 (12,500) 6625 Program Expense - - 4,000 3,000 (1,000) 6815 Maint & Repairs/Bldgs - - 2,500 2,500 - SUBTOTAL 48,050 4,100 119,000 48,000 (71,000) OPERATIONS SUBTOTAL 4,665,935 1,788,255 1,554,045 1,180,245 (373,800) 423 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #08-09 09-10 10-11 11-12 VARIANCE CAPITAL OUTLAY CapPrj/Merged/CBD 7105 Land Acquisition 750 - - - - 7110 Land Preparation 510,275 78,350 - 50,000 50,000 7115 Land Disposal Expense 7,600 6,175 25,000 12,500 (12,500) 7120 Construction & Improvements - 16,000 - - - 7130 Structures/Other - 321,000 144,740 - (144,740) SUBTOTAL 518,625 421,525 169,740 62,500 (107,240) CapPrj/Merged/WED 7115 Land Disposal - - 7,500 7,500 - SUBTOTAL - - 7,500 7,500 - Cap Proj/TAB 2008A - 7145 Lines, Mains & Sewers - 25,140 - - - 7170 Highways/Streets/Roadway - 3,115 388,885 - (388,885) 7176 Sidewalks / Crosswalks - 90 351,450 - (351,450) SUBTOTAL - 28,345 740,335 - (740,335) CAPITAL OUTLAY SUBTOTAL 518,625 449,870 917,575 70,000 (847,575) TRANSFERS OUT CapPrj/Merged/Admin 5950 Transfers Out 105,720 107,695 105,775 108,105 2,330 SUBTOTAL 105,720 107,695 105,775 108,105 2,330 CapPrj/Merged/CBD 5950 Transfers Out 473,860 4,075,905 1,924,145 1,629,560 (294,585) SUBTOTAL 473,860 4,075,905 1,924,145 1,629,560 (294,585) 424 BUDGET UNIT:VARIOUS FUND 80 - RDA CIP FUND (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #08-09 09-10 10-11 11-12 VARIANCE CapPrj/Merged/WED 5950 Transfers Out 93,075 38,200 190,900 426,300 235,400 SUBTOTAL 93,075 38,200 190,900 426,300 235,400 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 2,509,820 - - - SUBTOTAL 2,002,065 2,509,820 - - - TRANSFERS OUT SUBTOTAL 3,427,520 6,731,620 2,220,820 2,163,965 (56,855) RDA CIP FUND TOTAL: 9,405,235 9,758,480 5,494,530 4,200,150 (1,294,380) 425 Cost 6301 $63,500 6345 $90,000 6399 $30,000 6625 $4,500 6815 $40,000 7001 $44,195 7005 $104,560 7099 $0 ECONOMIC & COMMUNITY DEVELOPMENT- REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA LOW-TO-MODERATE INCOME HOUSING FUNDS Account Number Description Legal Fees - Affordable housing projects and miscellaneous program legal costs. Program Consultants - Outside project management and acquisition services, 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. Maintenance & Repairs/Buildings - Maintenance for Agency-owned properties including acquired Affordable Housing Project sites. SpRev/Mrg/ Lmod 20% 8110155000 Program Expense - Housing Rehab-$500; Atlantis-$2,500; miscellaneous-$1,500 Miscellaneous Expense - Insufficient funds to continue Down Payment Assistance Program (DPAP). Professional Services - Miscellaneous 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. 426 BUDGET UNIT: ALL FUND 81 DIVISIONS-RDA LOW-TO-MODERATE HOUSING FUND DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #08-09 09-10 10-11 11-12 OPERATIONS 6301 Legal Fees 85,200 8,175 63,500 63,500 - 6325 Appraisal Fees 29,400 8,400 - - - 6345 Program Consultants 149,330 61,965 90,000 90,000 - 6399 Professional Services/Other 10,875 5,336 30,000 30,000 - 6610 Bond Administration - 1,850 4,000 4,000 - 6625 Program Expense 3,515 2,499 4,500 4,500 - 6650 Rehabilitation Costs 151,355 - - - - 6815 Maint & Repairs/Bldgs 3,090 4,240 40,000 40,000 - 7001 Interest Expense 55,810 50,170 50,170 44,195 (5,975) 7005 Principal Payments 182,645 99,620 99,620 104,560 4,940 7099 Miscellaneous 795,080 - - - - OPERATIONS SUBTOTAL 1,466,300 242,255 381,790 380,755 (1,035) CAPITAL OUTLAY 7105 Land Acquisition - - 1,078,715 - (1,078,715) 7110 Land Preparation 11,920 423,515 - - - CAPITAL OUTLAY SUBTOTAL 11,920 423,515 1,078,715 - (1,078,715) TRANSFERS OUT 5950 Transfers Out 724,720 1,766,220 1,504,280 1,452,560 (51,720) TRANSFERS OUT SUBTOTAL 724,720 1,766,220 1,504,280 1,452,560 (51,720) RDA CIP FUND TOTAL: 2,202,940 2,431,990 2,964,785 1,833,315 (1,131,470) 427 Cost 6625 $7,000 7001 $5,397,820 7005 $1,506,925 7040 $167,070 7042 $1,570,855 7044 $2,649,740 7045 $119,195 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 - Los Angeles 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 and tax increment statutory pass-through payments. L.A. County Pass-Through - Tax increment pass-through to Los Angeles County and statutory pass-through payments. Interest Expense - Interest payments/accruals as follows: Low/Mod Fund Adv./Block 36-$67,500 accrued; L&W/Talley Rehab Loan-$7,490; City COP's-$127,590; L&W/Krems Site (APU Parking Lot)-$68,670; L&W/Autodealership-$249,680 accrued; Price Club Sales Tax Note-$721,470; City Sales Tax Note-$804,560 accrual; City Sales Tax Note-$15,880 accrued; L&W/25Yr $500K Note-$52,285 payment and $99,170 accrued; L&W/T.I. $485K Note-$77,715 accrued; City APFA Note-$127,590 accrued; and outstanding bonds. Principal Expense - Principal payments due as follows: City COP's-$230,000; L&W/Talley Rehab Loan-$7,645; L&W/Krems Site (APU Parking Lot)-$89,280; and outstanding bonds. Program Expense - Funds to pay for annual tax increment audit feesDebt Service 82xxxxxxxx ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA DEBT SERVICE FUND (SUMMARY) Account Number Description 428 BUDGET UNIT: ALL FUND 82 DIVISIONS-RDA DEBT SERVICE FUND (SUMMARY) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED VARIANCE Acct. #08-09 09-10 10-11 11-12 OPERATIONS 6611 Bond Issuance Expense 555,680 - - - - 6625 Program Expense - - 7,000 7,000 - 7001 Interest Expense 3,820,505 4,936,090 6,180,425 5,397,820 (782,605) 7005 Principal Payments 1,430,325 1,788,790 1,469,275 1,506,925 37,650 7040 Contributions to Other Agencies 155,415 311,850 675,605 167,070 (508,535) 7042 Pass-Through to City 2,206,975 2,190,520 1,569,205 1,570,855 1,650 7044 LACO Tax Incr Pass-Through 2,440,460 2,457,600 2,605,025 2,649,740 44,715 7045 Other Agency Contributions 131,670 139,040 120,245 119,785 (460) 7099 Miscellaneous 530,480 - - - - OPERATIONS SUBTOTAL 11,271,510 11,823,890 12,626,780 11,419,195 (1,207,585) TRANSFERS OUT 5950 Transfers Out 19,418,655 3,990,455 4,313,860 4,262,500 (51,360) 5952 Tax Increment Transfers Out 1,586,870 1,596,330 1,576,110 1,581,080 4,970 TRANSFERS OUT SUBTOTAL 21,005,525 5,586,785 5,889,970 5,843,580 (46,390) RDA CIP FUND TOTAL: 32,277,035 17,410,675 18,516,750 17,262,775 (1,253,975) 429 Cost 6625 $5,000 7001 $520,930 7005 $326,925 7040 $87,645 7042 $39,000 7044 $1,001,715 7045 $45,625 6625 $2,000 7001 $1,526,030 7040 $70,900 7042 $1,531,855 7044 $1,561,335 7045 $71,085 Interest Expense - Interest payments/accruals due as follows: Price Club Sales Tax Note-$721,470; City Sales Tax Note-$804,560 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 $1,496,855 and tax increment statutory pass-through payments of $35,000. L.A. County Pass-Through - Tax increment pass-through to Los Angeles County and statutory pass-through payments. ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA DEBT SERVICE FUND (DETAILS) Account Number Description Interest Expense - Interest payments/accruals as follows: Low/Mod Fund Adv./Block 36-$67,500 accrued; L&W/Talley Rehab Loan-$7,490; City COP's-$127,590; L&W/Krems Site (APU Parking Lot)-$68,670; L&W/Autodealership-$249,680 accrued. Principal Expense - Principal payments due as follows: City COP's-$230,000; L&W/Talley Rehab Loan-$7,645; L&W/Krems Site (APU Parking Lot)-$89,280. Program Expense - Funds to pay for annual tax increment audit fees. DbtSvc/ Merged/ CBD 8210125000 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 Los Angeles County and statutory pass-through payments. DbtSvc/ Merged/ WED 8210135000 Program Expense - Funds to pay for annual tax increment audit fees. Other Agency Contributions - Los Angeles County administrative and regulatory payments. 430 ECONOMIC & COMMUNITY DEVELOPMENT-REDEVELOPMENT DIVISION ACTIVITY DETAIL - RDA DEBT SERVICE FUND (DETAILS) 7001 $339,780 7005 $475,000 7001 $349,425 7001 $871,865 7005 $410,000 7001 $230,425 7005 $90,000 7001 $495,190 7005 $80,000 7001 $691,535 7005 $125,000 DbtSvc/ Ranch/Rch 8220185000 7001 $372,640 7040 $8,525 7044 $86,690 7045 $3,075 Principal Expense - Principal payments due for 2008A Tax Allocation Bonds. DbtSvc/ Mrg/TAB/ 2008A 8210165624 DbtSvc/ Mrg/TAB/ 2008B 8210165626 Interest Expense - Interest payments due for 2008B Tax Allocation Bonds. Principal Expense - Principal payments due for 2008B Tax Allocation Bonds. Interest Expense - Interest payments due for 2003 Tax Allocation 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 Los Angeles County. Other Agency Contributions - Los Angeles County administrative and regulatory payments. Interest Expense - Interest payment/amortization as follows: City Sales Tax Note-$15,880 accrued; L&W/25Yr $500K Note-$52,285 payment and $99,170 accrued; L&W/T.I. $485K Note-$77,715 accrued; City APFA Note- $127,590 accrued. Principal Expense - Principal payments due for 2003 Tax Allocation Bonds. Interest Expense - Interest payments due for 2007A Tax Allocation Bonds. Interest Expense - Interest payments due for 2005 Tax Allocation Bonds. No principal payments due. Principal Expense - Principal payments due for 2007A Tax Allocation Bonds. Interest Expense - Interest payments due for 2008A Tax Allocation Bonds. DbtSvc/ Mrg/TAB/ 2007B 8210165622 Interest Expense - Interest payments due for 2007B Tax Allocation Bonds. Principal Expense - Principal payments due for 2007B Tax Allocation Bonds. DbtSvc/ Mrg/TAB/ 2003 8210165616 DbtSvc/ Mrg/TAB/ 2007A 8210165620 DbtSvc/ Mrg/TAB/ 2005 8210165618 431 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #08-09 09-10 10-11 11-12 VARIANCE OPERATIONS Debt Svc/Merged/CBD 6625 Program Expense - - 5,000 5,000 - 7001 Interest Expense 500,755 522,605 1,144,270 520,930 (623,340) 7005 Principal Payments 565,325 463,790 334,275 326,925 (7,350) 7040 Contributions to Other Agencies 80,460 156,895 280,445 87,645 (192,800) 7042 Pass-Through to City 255 51,615 39,000 39,000 - 7044 LACO Tax Incr Pass-Through 943,940 842,280 982,075 1,001,715 19,640 7045 Other Agency Contributions 62,815 54,920 46,150 45,625 (525) SUBTOTAL 2,153,550 2,092,105 2,831,215 2,026,840 (804,375) Debt Svc/Merged/WED 6625 Program Expense - - 2,000 2,000 - 7001 Interest Expense 804,475 835,170 1,526,030 1,526,030 - 7040 Contributions to Other Agencies 67,485 147,075 378,290 70,900 (307,390) 7042 Pass-Through to City 2,206,720 2,138,905 1,530,205 1,531,855 1,650 7044 LACO Tax Incr Pass-Through 1,414,025 1,529,485 1,538,260 1,561,335 23,075 7045 Other Agency Contributions 66,115 81,110 71,085 71,085 - SUBTOTAL 4,558,820 4,731,745 5,045,870 4,763,205 (282,665) DbtSvc/Mrg/TAB/2003 7001 Interest Expense 378,000 367,085 354,280 339,780 (14,500) 7005 Principal Payments 445,000 450,000 460,000 475,000 15,000 SUBTOTAL 823,000 817,085 814,280 814,780 500 DbtSvc/Mrg/TAB/2005 7001 Interest Expense 428,930 433,115 437,550 349,425 (88,125) SUBTOTAL 428,930 433,115 437,550 349,425 (88,125) DbtSvc/Mrg/TAB/2007A 7001 Interest Expense 934,170 915,545 894,780 871,865 (22,915) 7005 Principal Payment 340,000 365,000 385,000 410,000 25,000 SUBTOTAL 1,274,170 1,280,545 1,279,780 1,281,865 2,085 432 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #08-09 09-10 10-11 11-12 VARIANCE DbtSvc/Mrg/TAB/2007B 7001 Interest Expense 241,165 237,810 234,230 230,425 (3,805) 7005 Principal Payment 80,000 85,000 85,000 90,000 5,000 SUBTOTAL 321,165 322,810 319,230 320,425 1,195 DbtSvc/Mrg/TAB/2008A 6611 Bond Issuance Expense 227,175 - - - - 7001 Interest Expense 60,265 502,965 499,390 495,190 (4,200) 7005 Principal Payment - 70,000 80,000 80,000 - 7099 Miscellaneous 162,590 - - - - SUBTOTAL 450,030 572,965 579,390 575,190 (4,200) DbtSvc/Mrg/TAB/2008B 6611 Bond Issuance Expense 328,505 - - - - 7001 Interest Expense 142,025 768,485 759,460 691,535 (67,925) 7005 Principal Payment - 355,000 125,000 125,000 - 7099 Miscellaneous 367,890 - - - - SUBTOTAL 838,420 1,123,485 884,460 816,535 (67,925) Debt Svc/Ranch/Rch 7001 Interest Expense 330,720 353,310 330,435 372,640 42,205 7040 Contributions to Other Agencies 7,470 7,880 16,870 8,525 (8,345) 7044 LACO Tax Incr Pass-Through 82,495 85,835 84,690 86,690 2,000 7045 Other Agency Contributions 2,740 3,010 3,010 3,075 65 SUBTOTAL 423,425 450,035 435,005 470,930 35,925 OPERATIONS SUBTOTAL 11,271,510 11,823,890 12,626,780 11,419,195 (1,207,585) 433 BUDGET UNIT:VARIOUS FUND 82 - RDA DEBT SERVICE (DETAILS) DESCRIPTION ACTUAL ACTUAL REVISED ADOPTED Acct. #08-09 09-10 10-11 11-12 VARIANCE TRANSFERS OUT Debt Svc/Merged/CBD 5950 Transfers To Other Funds 1,823,000 2,112,970 2,275,580 2,249,160 (26,420) 5952 Tax Increment Transfers Out 641,980 560,805 566,220 581,440 15,220 SUBTOTAL 2,464,980 2,673,775 2,841,800 2,830,600 (11,200) Dbt Svc/Merged/WED 5950 Transfers To Other Funds 2,165,400 1,877,405 2,038,280 2,013,340 (24,940) 5952 Tax Increment Transfers Out 914,105 1,003,450 978,270 967,290 (10,980) SUBTOTAL 3,079,505 2,880,855 3,016,550 2,980,630 (35,920) Dbt Svc/Ranch/Rch 5950 Transfers To Other Funds 255 80 - - - 5952 Tax Increment Transfers Out 30,785 32,075 31,620 32,350 730 SUBTOTAL 31,040 32,155 31,620 32,350 730 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 21,005,525 5,586,785 5,889,970 5,843,580 (46,390) DEBT SERVICE FUND TOTAL: 32,277,035 17,410,675 18,516,750 17,262,775 (1,253,975) 434