HomeMy WebLinkAboutRDA Reso No 2008
RESOLUTION NO. 2008-01
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF LAKE ELSINORE, CALIFORNIA,
ADOPTING THE REDEVELOPMENT AGENCY
OPERATING BUDGET FOR THE FISCAL YEAR 2008-09
WHEREAS, the Lake Elsinore Redevelopment Agency desires to adopt its
operating budget for the 2008-09 fiscal year; and
WHEREAS, State Law requires that all Redevelopment Agencies adopt
an annual budget; and
WHEREAS, the Agency hereby determines that the planning and
administrative expenses provided in the Budget to be made from the Low and Moderate
Income Housing Fund are necessary for the production, improvement or preservation of
low- and moderate-income housing; and
WHEREAS, on May 22, 2008, the Agency Board held a study session on
Operating Budget for Fiscal Year 2008-2009 to address concerns related to the
budgets.
NOW, THEREFORE, the Redevelopment Agency of the City of Lake
Elsinore, California, does hereby resolve as follows:
Section 1. The amount of $20,059,245 shall constitute the 2008-09
Lake Elsinore Redevelopment Agency budget.
Section 2. A copy of the Budget hereby adopted and certified by the
Agency Secretary shall be filed with the Executive Director or a designated
representative, and a further copy so certified shall be placed and shall remain on file in
the Office of the Agency Secretary where it shall be available for inspection.
Section 3. This Resolution shall take effect from and after the date of its
passage and adoption.
PASSED, APPROVED, AND ADOPTED, at a regular meeting of the
Redevelopment Agency of the City of Lake Elsinore, California, on this 10th day of June
2008.
AI{: L. L_
VIVIAN M. MUNSON
AGENCY SECRETARY
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )55.
CITY OF LAKE ELSINORE )
I, VIVIAN M. MUNSON, Agency Secretary, hereby certify that Resolution No.
2008-01 was adopted by the Redevelopment Agency, at their regular meeting
held on the 10th day of June 2008, and that the same was adopted by the following vote:
AYES:
Chairman Thomas Buckley, Vice-Chair Robert Schiffner
Members Daryl Hickman, Genie Kelley and Robert Magee
NOES:
None
ABSENT:
None
ABSTAIN: None
[ LL~
VIVIAN M. MUNSON
AGENCY SECRETARY
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RESOLUTION NO.
2008-02
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LAKE ELSINORE, CALIFORNIA, REQUESTING
THE TAX COLLECTOR OF THE COUNTY OF RIVERSIDE TO
PLACE SPECIAL TAXES ON THE BILLS OF CERTAIN
PROPERTIES FOR CFD 90-2
WHEREAS, the Board of Directors of the Redevelopment Agency of the City
of Lake Elsinore, California (the "Agency"), has heretofore instituted and conducted
proceedings under the terms and provisions of the Mello-Roos Community Facilities Act of
1982 (the "Act"), being Chapter 25 of Part 1 of Division 2 of Title 5 (commencing at Section
53311) of the State of California Government Code for the acquisition and construction of
certain public works of improvements, together with appurtenances and appurtenant work
in a special tax district designated as COMMUNITY FACILITIES DISTRICT NO. 90-2
(TUSCANY HILLS PUBLIC IMPROVEMENTS), hereinafter referred to as CFD 90-2; and
WHEREAS, in Agency Resolution RDA No. 90-6 adopted on October 24,
1990, the "Resolution of Intention"; Agency Resolution No. RDA 90-12 entitled "A
Resolution Declaring Results of Special Election and Directing Recording of Notice of
Special Tax Lien", adopted November 27, 1990; and Agency Ordinance No. RDA 1 entitled
"An Ordinance of the Governing Board of the Redevelopment Agency of the City of Lake
Elsinore Levying Special Taxes Within the Redevelopment Agency of the City of Lake
Elsinore Community Facilities District No. 90-2 (Tuscany Hills Public Improvements)",
adopted December 11, 1990; and
WHEREAS, all special taxes in this district were levied without regard to
property valuation.
NOW, THEREFORE, the City Council of the City of Lake Elsinore, California,
does hereby resolve as follows:
SECTION 1. That the portion of the principal, interest and other costs related
to CFD 90-2 due or coming due through June 30, 2009, be placed on the County Tax Rolls
and be collected by the Riverside County Tax Collector, as provided for in Exhibit "A" (a
summary of fixed charges).
SECTION 2. That the properties to be so assessed and the related amounts
are submitted on CD as requested by the Riverside County Tax Collector, further identified
as County Fund No. 68-2364.
SECTION 3. This resolution shall take effect from and after the date of its
passage and adoption.
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REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
EXHIBIT "A"
COMMUNITY FACILITIES DISTRICT 90-2
(TUSCANY HILLS PUBLIC IMPROVEMENTS)
SUMMARY OF FIXED CHARGES FOR TAX ROLL
FISCAL YEAR 2008-09
FUND NUMBER
68-2364
1,021
$1,830,481.30
TOTAL PARCELS
TOTAL CHARGES
PASSED, APPROVED AND ADOPTED at a regular meeting of the
Redevelopment Agency of the City of Lake Elsinore, California, on this 22nd day of July
2008.
~T EST: l
V IAN M. MUNSON
AGENCY SECRETARY
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, VIVIAN M. MUNSON, Agency Secretary of the City of Lake Elsinore, California,
hereby certify that Resolution No. 2008-02 was adopted by the Redevelopment
Agency of the City of Lake Elsinore at a regular meeting held on the 22nd day of July
2008, and that the same was adopted by the following vote:
AYES:
Chairman Thomas Buckley, Vice-Chair Robert Schiffner,
Members Daryl Hickman, Genie Kelley and Robert E. Magee
NOES:
None
ABSTAIN: None
ABSENT: None
LLL~
VIVIAN M. MUNSON
AGENCY SECRETARY
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RESOLUTION NO.
2008-03
A JOINT RESOLUTION OF THE CITY COUNCIL AND
REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, OPPOSING FISCALLY
IRRESPONSIBLE STATE BUDGET DECISIONS THAT
WOULD "BORROW" LOCAL GOVERNMENT,
REDEVELOPMENT AND TRANSPORTATION FUNDS
WHEREAS, on July 1, 2008, the State Legislature missed its
Constitutional budget deadline; and
WHEREAS, both the Governor and the Legislative Budget Conference
Committee have recommended balanced budgets without resorting to "loans" or
seizures of local government property tax, redevelopment tax increment and
transportation sales tax funds; and
WHEREAS, in 1952 the voters of California approved n 1952 the voters
approved Article XVI, Section 16 of the California Constitution, providing for tax
increment financing for community revitalization-not balancing the state budget, and
the voters never authorized the legislature to take or "borrow" community
redevelopment funds for state programs; and
WHEREAS, in 2004 by an 84% margin of approval the voters of California
approved Proposition 1A and sent a loud and unambiguous message to state leaders
that they should stop the destructive and irresponsible practice of taking local
government funds to finance the state budget and paper over the state deficit; and
WHEREAS, in 2006 by a 77% margin of approval the voters of California
also approved Proposition 1A, providing similar protections to transportation funding for
state and local transportation projects, including important street maintenance and
public transit programs; and
WHEREAS, redevelopment investments act as a significant driver in the
California economy. Cutting funding for redevelopment makes no sense during a time of
economic downturn. In a typical year redevelopment investments in California generate
about $32 billion in total economic activity, nearly $1.6 billion in state and local taxes,
and support 310,000 jobs, mostly in construction.
WHEREAS, both ballot measures allow the Governor to declare a "severe
state of fiscal hardship" and "borrow" these funds if they are repaid in three years with
interest, but the Governor believes it would be irresponsible to "borrow" such funds
because it would deepen the state's structural deficit and cripple local government and
transportation services; and
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WHEREAS, refusal by the Legislature to carryout its constitutional
obligation to compromise on a balanced budget is not a "severe state of fiscal hardship"
and would not justify reductions in critical local services, community revitalization
programs and infrastructure maintenance at a time when cities are struggling to balance
their own budgets during this economic down turn; and
WHEREAS, "takes" of redevelopment funds are against the law. Article
XVI, Section 16 of the California Constitution specifies that redevelopment tax
increment must go to redevelopment agencies.
WHEREAS, city and redevelopment investments in infrastructure,
affordable housing and basic public safety and other community services will create
needed jobs and speed our economic recovery; and
WHEREAS, the Legislature should balance the state budget with state
revenues and respect the overwhelming support of voters for not using local property
taxes, redevelopment tax increment and transportation sales tax funds to fund the day-
to-day operating cost of state programs; and
WHEREAS, it would be the height of fiscal irresponsibility to paper over
the state structural deficit with more borrowing, and Californians deserve state leaders
who will tell them honestly what needs to be done to produce a balanced budget; and
WHEREAS, it is time for the State of California to cut up its local
government credit cards and deal with the budget deficit in a straightforward way.
Balance the state budget with state funds.
NOW, THEREFORE, BE IT RESOLVED, that the City and
Redevelopment Agency of Lake Elsinore hereby opposes any and all efforts by state
government to "borrow" or seize local tax funds, redevelopment tax increment and
transportation sales tax funds by the state government to finance state operations. Such
a move would be fiscally irresponsible for the state and hamper effective local services
and infrastructure investments.
BE IT FURTHER RESOLVED, that the City Manager is hereby directed to
send this resolution and communicate this Council's strong and unswerving opposition
on this matter to our Legislators and the Governor along with an expression of our
continued appreciation for the Governor's and any supportive legislators' steadfast
opposition to further borrowing or seizure of these funds.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council and Redevelopment Agency of the City of Lake Elsinore, California, on this 26th
day of August 2008.
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IVIAN M. MUNSON
CITY CLERK / AGENCY SECRETARY
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF LAKE ELSINORE
)
) ss.
)
dii:t;OR
CITY OF LAKE ELSINORE
LE AIRMAN
REDEVELOPMENT
I, VIVIAN M. MUNSON, City Clerk of the City of Lake Elsinore, California, hereby
certify that Resolution No. 2008-03 was adopted by the City Council and
Redevelopment Agency of the City of Lake Elsinore at a regular meeting held on the
26th day of August 2008, and that the same was adopted by the following vote:
AYES: Cha i rman Thomas Buckl ey, Vi ce-Chai rman Robert Schiffner,
Members Daryl Hickman, Genie Kelley and Robert E. Magee
NOES: None
ABSTAIN: None
ABSENT: None
l.L~
VIAN M. MUNSON
CITY CLERK
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RESOLUTION NO. 2008-.M
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE, CALIFORNIA, AUTHORIZING AN AFFORDABLE
HOUSING DEVELOPMENT LOAN FROM THE AGENCY'S LOW AND
MODERATE INCOME HOUSING FUND TO BRIDGE HOUSING
CORPORATION FOR AN AFFORDABLE HOUSING PROJECT KNOWN
AS POTTERY COURT
WHEREAS, the Redevelopment Agency of the City of Lake Elsinore ("Agency")
is a public body, corporate and politic, organized, existing and exercising governmental
functions and powers under the California Community Redevelopment Law (California
Health & Safety Code Section 33000, et seq.) ("CRL"); and
WHEREAS, the Agency has established a Low and Moderate Income Housing
Fund ("Housing Fund") pursuant to CRL Section 33334.2, et seq., for the purpose of
increasing, improving and preserving the community's supply of housing available to
low and moderate income households at an affordable housing cost; and
WHEREAS, Section 33413(b) of the CRL requires at least fifteen percent (15%)
of all newly constructed housing and substantially rehabilitated housing within the
Agency's redevelopment project areas be affordable to low and moderate-income
households; and
WHEREAS, BRIDGE Housing Corporation, a non-profit affordable housing
developer ("BRIDGE"), and the Agency have entered into a Memorandum of
Understanding ("MOU") for the purposes of developing a comprehensive strategy for
the development of affordable housing in the City, with the particular goal of fulfilling the
Agency's inclusionary housing obligations under Section 33413(b); and
WHEREAS, BRIDGE has worked diligently and in good faith to identify politically,
economically, and socially ideal sites for the development of affordable housing to fulfill
the Agency's inclusionary obligations and is proposing as its first priority to construct a
90 unit affordable housing project known as Pottery Court ("Pottery Court") in downtown
Lake Elsinore within the project area boundaries of the Rancho Laguna Redevelopment
Project Area No.1; and
WHEREAS, Pottery Court is an eligible use of the Agency's Housing Fund and
will provide 88 new residential units restricted for occupancy by and available at
affordable rent to households earning no more than 50-percent of the area median
income thereby increasing the supply of affordable housing in the downtown area of the
City and enhancing the economic viability and redevelopment potential of the Project
Area; and
WHEREAS, no other reasonable means of private or commercial financing of
Pottery Court at the same level of affordability and quantity are available to BRIDGE
other than financial assistance through the Agency; and
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WHEREAS, after considering all external funding sources, BRIDGE has
requested that the Agency contribute up to Four Million Thirty-Nine Thousand Dollars
($4,039,000) from its Housing Fund toward the estimated Twenty-Three Million
($23,000,000) budget for Pottery Court; and
WHEREAS, the allocation of Agency Housing Funds toward a future residential
project is not considered a "project" pursuant to the California Environmental Quality Act
(Cal. Pub. Res. Code ~~ 21000 et seq.: "CEQA") or the State Implementation
Guidelines for CEQA (Tit. 14, Cal. Code Regs., ~~ 15000 et seq.: "CEQA Guidelines").
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
SECTION 1. The foregoing recitals are true and correct and are incorporated as
substantive findings of the Agency by this reference.
SECTION 2. The Agency hereby authorizes the Executive Director to provide a
loan from the Agency's Housing Fund in an amount not to exceed $4,039,000 to
BRIDGE, or to an affiliated entity approved by the Executive Director and Agency
Counsel, to be used for costs and expenses approved by the Executive Director, or his
designee, which are customarily incurred and shall have been actually incurred by
BRIDGE for the development of Pottery Court and shall include, without limitation,
property acquisition costs; demolition costs; relocation payments; construction costs;
construction and design fees; architectural and engineering costs and fees;
development impact fees; off-site improvements and permits; building permits; and such
other costs, fees and expenses, as approved by the Executive Director, or his designee.
SECTION 3. The making of the Housing Fund loan shall be contingent on and
subject to compliance by BRIDGE with all applicable laws in connection with land
. acquisition and assembly, application of project entitlements, construction and
operation, including (without limitation) applicable provisions of the California Relocation
Assistance Act (Government Code Section 7260, et seq. and the implementing
regulations thereto in 25 California Code of Regulations Section 6000, et seq.), the
notice and hearing requirements of Section 33433 of the CRL relating to the disposition
of Agency property that is anticipated to result from implementation of Pottery Court,
CEQA and the CEQA Guidelines, and all Subdivision and Zoning regulations under the
Lake Elsinore Municipal Code.
SECTION 4. The Housing Fund loan shall be for a maximum of 58 years, with
an interest rate of 3 percent per year, with repayment from surplus cash flow from the
Pottery Court and other available funds during the term of the loan with the balance due
at the end of the term, or on such other repayment terms and schedule as the Executive
Director and Agency Counsel determine are in the best interests of the Agency and
Pottery Court.
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SECTION 5. As a condition of the Housing Fund loan, the Agency will require
that appropriate restrictions on occupancy, rents and operations be recorded against
the Pottery Court property pursuant to Sections 33334.3 and 33413 of the CRL.
SECTION 6.' As a condition of the Housing Fund loan, the Agency will require
that the loan be secured by a Deed of Trust which will be recorded against the Pottery
Court property.
SECTION 7. The commitment of Agency Housing Funds to Pottery Court shall
be for a period of no more than 24 months from the date of this Resolution, and the
Housing Fund loan shall be contingent of the developer's success in securing
commitments for the full project funding, or other assurances of adequate project
funding the Executive Director and Agency Counsel deems sufficient within his
discretion, within this reservation period.
SECTION 8. The Agency Board consents to the proposed retention of Overland
Pacific & Cutler, Inc. as a qualified relocation' consultant by BRIDGE to assist in
compliance with the provision and administration of relocation assistance and benefits
to eligible persons and households who may be temporarily or permanently displaced
due to the implementation of Pottery Court; provided, however, that BRIDGE shall
submit all written correspondence and all proposed assistance to the Executive Director
or his designee for approval prior distribution to potential displacees and shall keep the
Executive Director informed of the status of all relocation activities.
SECTION 9. The Agency Board hereby finds and determines that the Agency's
commitment of Agency Housing Funds to BRIDGE for Pottery Court is not an "approval"
within the meaning of the word set forth in CEQA Guidelines section 15352 in that the
Agency has not committed itself to a definite course of action in regard to a project. A
project description does not yet exist. Nevertheless, CEQA analysis will be conducted
at such time that Agency and BRIDGE reach an agreement regarding the specifics of
the Housing Fund loan terms and the specifics of the scope of development of Pottery
Court. At that time, the Agency will have before it a clear project description that will
lead to meaningful environmental review. (See Save Tara v. City of West Hollvwood
(2008) 2008 WL 4741084; Concerned McCloud Citizens v. McCloud Communitv
Services Dist. (2007) 147 Cal. App. 4th 181.)
SECTION 10. The Agency hereby finds and determines that Pottery Court is
consistent with the CRL, the Redevelopment Plan for the Lake Elsinore Rancho Laguna
Redevelopment Project Area NO.1 (the "Redevelopment Plan"), and the Agency's
Redevelopment and Housing Implementation Plan 2005-2009 (the "Implementation
Plan").
SECTION 11. That the making of the Housing Fund loan shall be contingent on
and subject to such other appropriate terms and conditions as the Executive Director
and Agency Counsel may establish.
SECTION 12. All loan documents shall be reviewed and approved by Agency
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Counsel for form and legality prior to execution.
SECTION 13. Subject to all applicable laws, including all notice and hearing
requirements relating to Pottery Court, the Agency hereby authorizes the Executive
Director and Agency Counsel as agents of the Agency to conduct negotiations, execute
documents, administer the Housing Fund loan, and take any other action with respect to
the loan and Pottery Court consistent with this Resolution and its basic purpose.
PASSED, APPROVED AND ADOPTED this 11th day of November 2008, by the
following vote:
AYES:
Chairman Thomas Buckley, Vice Chair Robert Schiffner,
Member Daryl Hickman, Member Genie Kelley,
Member Robert Magee
None
NOES:
ABSENT: None
ABSTAIN: None
TH
ETARY
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RESOLUTION NO. 2008-05
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE ACCEPTING THE PROPOSED AMENDED AND
RESTATED REDEVELOPMENT PLANS FOR THE LAKE ELSINORE
RANCHO LAGUNA REDEVELOPMENT PROJECT AREAS NO. I, NO. II
AND NO. III AND THE INITIAL STUDY AND NEGATIVE DECALARTION
PREPARED IN CONNECTION THEREWITH AND REFERRING THE
AMENDED AND RESTATED REDEVELOPMENT PLANS AND THE
INITIAL STUDY AND NEGATIVE DECLARATION TO THE PLANNING
COMMISSION OF THE CITY OF LAKE ELSINORE FOR ITS REPORT
AND RECOMMENDATION AND TO ALL AFFECTED TAXING ENTITIES
AND OTHER INTERESTED PERSONS FOR THEIR INFORMATION
WHEREAS, the Lake Elsinore Redevelopment Agency ("Agency") is a
community redevelopment agency duly created, established and authorized to transact
business and exercise its powers, all under and pursuant to the California Community
Redevelopment Law (Part 1 of Division 24, commencing with Section 33000, of the
Health and Safety Code of the State of California ("CRL"); and
WHEREAS, the Agency is engaged in activities necessary and appropriate to
carry out the Redevelopment Plans ("Redevelopment Plans") for the Lake Elsinore
Rancho Laguna Redevelopment Project Areas No. I, No. II, and No. III ("Project Areas")
which were adopted by the Agency's legislative body, the City Council of the City of
Lake Elsinore ("City Council"), by Ordinance No. 607 on September 23, 1980 and
thereafter amended by Ordinance No. 624 on July 20, 1981, and Ordinance No. 1249
on February 26, 2008 (Project Area No. I), by Ordinance 671 on July 18, 1983 and
thereafter amended by Ordinance No. 987 on November 8, 1994 and Ordinance No.
1249 on February 26, 2008 (Project Area No. II), and by Ordinance No. 815 on
September 8, 1987 and thereafter amended by Ordinance No. 987 on November 8,
1994 and Ordinance No. 1249 on February 26,2008 (Project Area No. III); and
WHEREAS, the Agency desires to amend the Redevelopment Plans for Project
Areas No. I ("Fourth Amendment"), No. II ("Third Amendment") and No. III ('Third
Amendment") collectively the "Amendments" pursuant to CRL Sections 33450-33458 to
incorporate into a single Amended and Restated Redevelopment Plan for each Project
Area No. I, No. II and No. III all prior amendments, update the provisions of each
Redevelopment Plan to reflect current CRL provisions, clarify and restate the time limits
and financial limits of each Redevelopment Plan, update the land use designations for
consistency with the City's General Plan as may be amended from time to time, and
improve the format and presentation of the Redevelopment Plans; and
WHEREAS, Sections 33346 and 33356 of the provide that, prior to a joint public
hearing on a proposed amendment to a redevelopment plan, the redevelopment agency
shall submit the proposed changes to the planning commission; and
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WHEREAS, the Agency desires to provide notice to the affected taxing entities
regarding the proposed Amendments and the Amended and Restated Redevelopment
Plans for Project Areas No. I, No. II and No. III; and
WHEREAS, the Agency has prepared and completed an Amended and Restated
Redevelopment Plan in draft form for each Project Area No. I, No. II and No. III; and
WHEREAS, the Agency is authorized and required to act as the "lead Agency"
per Sections 15050 and 15051 of the California Environmental Quality Act (CEQA)
Guidelines (California Code of Regulations Section 15000 et seq.); and
WHEREAS, the Agency has prepared an Initial Study/Negative Declaration for
the proposed Amendments in accordance with Sections 15070 and 15071 of the CEQA
Guidelines; and
WHEREAS, in accordance with Section 15073 of the CEQA Guidelines, the
Initial Study/Negative Declaration shall be transmitted to all affected taxing entities,
responsible agencies, trustee agencies concerned with the proposed Amendments and
every other public agency with jurisdiction by law over resources affected by the
proposed Amendments.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE DOES RESOLVE, ORDER AND DETERMINE AS FOllOWS:
SECTION 1. The Agency Board accepts the Initial Study/Negative Declaration
for the proposed Amendments and hereby authorizes Agency staff to transmit the Initial
Study/Negative Declaration for the proposed Amendments to all affected taxing entities,
responsible agencies, trustee agencies concerned with the proposed Amendments and
every other public agency with jurisdiction by law over resources affected by the
proposed Amendments in conformance with the Amendments' adoption schedule and
all affecting legal requirements.
SECTION 2. The Amended and Restated Redevelopment Plans prepared for the
proposed Amendments to the Redevelopment Plans for Rancho laguna
Redevelopment Project Areas No. I, No. II and No. III in the form submitted to the
Agency Board and on file in the office of the Agency Secretary, are hereby accepted by
the Agency, and are referred to the Planning Commission of the City of lake Elsinore
for their report and recommendation.
SECTION 3. The Executive Director is hereby authorized and directed to
transmit a copy of the Amended and Restated Redevelopment Plans for Project Areas
No. I, No. II and No. III to all affected taxing entities.
SECTION 4. This Resolution shall take effect from and after the date of its
passage and adoption.
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PASSED, APPROVED, AND ADOPTED this 25th day of November, 2008, by
the following vote:
ATTEST:
APP~;o
Bit.RA LEIBOLD, AGENCY COUNSEL
REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF LAKE ELSINORE
)
) ss.
)
I, Carol Cowley, Agency Secretary of the Redevelopment Agency of the City of Lake
Elsinore, California, hereby certify that Resolution No. 2008-05 was adopted by the
Redevelopment Agency Board of the Redevelopment Agency of the City of Lake
Elsinore at a regular meeting held on the 25th day of November 2008, and that the same
was adopted by the following vote:
AYES: Mayor Daryl Hickman, Mayor Pro Tern Genie Kelley,
Council member Thomas Buckley, Council member Robert Magee,
Council member Robert Schiffner
NOES: None
ABSTAIN: None
ABSENT: None
CAROL COWLEY, AGENCY CRETARY
REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE
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Redevelopment Agency for the City of Lake Elsinore
Regular Account Resolution
Resolution of the Redevelopment Agency for the City of Lake Elsinore
Resolution #2008-05
Agency
Address: 130 S. Main St.. Lake Elsinore. CA. 92530
Agency
Phone Number: (951) 674-3124
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 16429. It was added to
the California Government Code to create a Local Agency Investment Fund in the State
Treasury for deposit of money of a local agency for purposes of investment by the State
Treasurer; and
WHEREAS, the Redevelopment Agency Board of Directors does hereby find that the deposit
and withdrawal of money in the Local Agency Investment Fund in accordance with the
provisions of Section 16429.1 of the Government Code for the purpose of investment as stated
therein as in the best interests of the City.
NOW THEREFORE, BE IT RESOLVED, that the Redevelopment Agency Board of
Directors does hereby authorize the deposit and withdrawal of Agency monies in the local
Agency Investment Fund in the State Treasury in accordance with the provisions of Section
16429.1 of the Government Code for the purpose of investment as stated therein, and
verification by the State Treasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the following City officers or their successors in
office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund:
James R. Rilev
Acting Director of Administrative Services
Robert A. Bradv
Executive Director
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( ature)
PASSED AND ADOPTED, by the Redevelopment Agency Board of Directors, for the City
of Lake Elsinore, Riverside County of the State of California on December 23, 2008.
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LOCAL AGENCY INVESTMENT FUND
AUTHORIZATION FOR TRANSFER OF FUNDS
DATE
12/23/08
AGENCY NAME
Lake Elsinore Redevelopment Agencv
LAIF ACCOUNT #
65-33-008
ADDITIONS
Name
Title
Sil!nature
DELETIONS
Name
Matt N. Pressey
David W. Sapp
Please mail completed form to:
State Treasurer's Office
Local Agency Investment Fund
P. O. Box 942809
Sacramento, CA. 94209-0001
Acting Director of Administrative Services
Print Title
Executive Director
Print Title
James R. Ri1ev
Print Name
Robert A. Bradv
Print Name
Authorized Signature
be authorized per Resolutio )
Two authorized signatures required
. . .. __________,L_______
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF LAKE ELSINORE
)
)ss.
)
I, CAROL COWLEY, Interim City Clerk of the City of Lake Elsinore, California,
hereby certify that Resolution No. 2008-05 was adopted by the Agency of the City of
Lake Elsinore at a regular meeting held on the 23rd day of December 2008, and that
the same was adopted by the following vote:
AYES: Chairman Thomas Buckley, Vice-Chair Amy Bhutta,
Member Robert Magee, Member Melissa Melendez
NOES: None
ABSENT: Member Daryl Hickman
ABSTAIN: None
.-
CAROL COWLEY
INTERIM CITY CLERK
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RESOLUTION NO. 2008-06
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE MAKING VARIOUS FINDINGS RELATED TO THE
AGENCY'S LOW AND MODERATE INCOME HOUSING FUND
WHEREAS, the Redevelopment Agency of the City of Lake Elsinore ("Agency")
is a community redevelopment agency duly created, established and authorized to
transact business and exercise its powers, all under and pursuant to the California
Community Redevelopment Law {Part 1 of Division 24, commencing with Section
33000, of the Health and Safety Code of the State of California ("CRL"); and
WHEREAS, the Agency is engaged in activities necessary and appropriate to
carry out the Redevelopment Plans ("Redevelopment Plans") for the Lake Elsinore
Rancho Laguna Redevelopment Project Areas No. I, No. II, and No. III ("Project Areas")
which were adopted by the Agency's legislative body, the City Council of the City of
Lake Elsinore ("City Council"), by Ordinance No. 607 on September 23, 1980 and
thereafter amended by Ordinance No. 624 on July 20, 1981, and Ordinance No. 1249
on February 26, 2008 (Project Area No. I), by Ordinance 671 on July 18, 1983 and
thereafter amended by Ordinance No. 987 on November 8, 1994 and Ordinance No.
1249 on February 26, 2008 (Project Area No. II), and by Ordinance No. 815 on
September 8, 1987 and thereafter amended by Ordinance No. 987 on November 8,
1994 and Ordinance No. 1249 on February 26,2008 (Project Area No. III); and
WHEREAS, pursuant to Section 33334.2{a) of the CRL, not less than twenty
percent (20%) of all taxes which are allocated to the Agency shall be set aside by the
Agency in a Low and Moderate Income Housing Fund (''Housing Fund") and used by
the Agency for the purpose of increasing, improving and preserving the community's
supply of low and moderate income housing available at affordable housing costs to
persons and families of low and moderate income; and
WHEREAS, pursuant to Section 33334.3 of the CRL, agencies are required to
maintain a separate accounting of the Agency's Housing Fund; and
WHEREAS, pursuant to Section 33334.3{d) of the CRL, it is the intent of the
California State Legislature that the amount of money spent for planning and general
administration from the Housing Fund not be disproportionate to the amount actually
spent for the cost of production, improvement or preservation of low- and moderate-
income housing; and
WHEREAS, the Agency desires to make certain findings in connection with its
Housing Fund and the accounting required by Section 33334.3 of the CRL.
In
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NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
SECTION 1. In accordance with to Section 33334.3(a) of the CRL, the Agency
hereby finds, declares and determines that it has established a separate and distinct
Housing Fund to account for twenty percent (20%) of the tax increment that was
allocated to it for the purpose of increasing, improving and preserving the community's
supply of low and moderate income housing available at affordable housing costs to
persons and families of low and moderate income.
SECTION 2. Pursuant to Section 33334.2(a) of the CRL, the Agency has
annually deposited not less than twenty percent (20%) of the total tax increment
revenues allocated to it (before deductions for pass-through payments to taxing entities
or other balance transfers) into the Housing Fund and the Agency has expended
monies from the Housing Fund for the purpose of increasing, improving and preserving
the community's supply of low and moderate income housing available at affordable
housing costs to persons and families of low and moderate income.
SECTION 3. The Agency further finds, declares and determines that any interest
earned by the Housing Fund, and any repayments or other income to the Agency for
loans, advances, or grants, of any kind from the Housing Fund, accrued to and was
deposited into the Housing Fund.
SECTION 4. The Agency hereby finds, declares and determines that for Fiscal
Year 2007/2008 the expenditure of Housing Fund monies on planning and general
administrative costs was necessary for the production, improvement, and preservation
of low- and moderate- income housing. The Agency further finds, declares and
determines that the planning and general administrative costs that were paid for by the
Housing Fund included costs incurred for salaries, wages, and related costs of the
Agency's staff or for services provided through agreements with contractors, including
usual direct costs related thereto.
SECTION 5. The Agency hereby finds, declares and determines that the
expenditure of Housing Funds outside of the Project Areas, including the aggregation of
the Housing Fund pursuant to Section 33334.3(i) of the CRL, is a benefit to the Project
Areas and contributes to the community's supply of affordable housing.
SECTION 6. The effective date of this Resolution shall be the date of its
adoption.
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PASSED, APPROVED AND ADOPTED by the Board of Directors of the
Redevelopment Agency of the City of Lake Elsinore this 23rd day of December, 2008.
CK , CHAIRMAN
REDEVELOP NT AGENCY OF THE CITY
OF LAKE SINORE
ATTEST:
AGCYSECRETARY,REDEV OPMENT
AGENCY OF THE CITY OF LAK ELSINORE
APPROVED AS TO FORM:
BA~~YCOUNSEL
REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF LAKE ELSINORE
)
) ss.
)
I, Carol Cowley, Agency Secretary of the Redevelopment Agency of the City of Lake
Elsinore, California, hereby certify that Resolution No. 2008-06 was adopted by the
Redevelopment Agency Board of the Redevelopment Agency of the City of Lake
Elsinore at a regular meeting held on the 23rd day of December 2008, and that the same
was adopted by the following vote:
AYES: Chairman Thomas Buckley, Vice-Chair Amy Bhutta,
Member Robert Magee, Member Melissa Melendez
NOES: None
ABSTAIN: None
ABSENT: Member Daryl Hickman