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Home My WebLink About2009-12-22 Item 5 (2) CITY OF LADE oLSINORE 4 P DREAM EXTREME,. REPORT TO REDEVELOPMENT AGENCY TO: HONORABLE CHAIRMAN AND MEMBERS OF THE REDEVELOPMENT AGENCY FROM: ROBERT A. BRADY EXECUTIVE DIRECTOR DATE: DECEMBER 22, 2009 SUBJECT: REDEVELOPMENT AND HOUSING IMPLEMENTATION PLAN 2009 -2014 Background The Redevelopment Agency of the City of Lake Elsinore is vested with the responsibility to carry out the functions and requirements of the California Community Redevelopment Law ( "CRL ") and to implement the Redevelopment Plans for each of the City's three (3) Redevelopment Project Areas. The CRL requires every redevelopment agency to prepare and adopt a Five -Year Implementation Plan outlining (1) the agency's goals and objectives for the project area, (2) proposed programs, projects and estimated expenditures over the next five years, and (3) the agency's affordable housing goals and objectives, status of the Low and Moderate Income Housing Fund and the agency's inclusionary housing requirements. In accordance with these requirements, the Redevelopment Agency of the City of Lake Elsinore adopted a Housing and Redevelopment Implementation Plan in December 1994 and again in January 2000. The current 2005 -2009 Implementation Plan was adopted in November 2005 and amended and restated in March 2009. An updated Redevelopment and Housing Implementation Plan 2009 -20014 (the "Implementation Plan ") has been prepared and submitted to the Agency for consideration. A copy of the Implementation Plan is on file with the Agency secretary/City Clerk as a public record. Discussion During the term of the 2005 -2009 Implementation Plan, the Agency has maintained its goals and objectives and has undertaken projects and activities in furtherance of those goals and objectives. Among these accomplishments, is the adoption of the Amended and Restated Redevelopment Plans for each of the Agency's three Redevelopment RDA December 22, 2009 Item No. 5 Page 1 of 5 Redevelopment and Housing Implementation Plan 2009 -2014 December 8, 2009 Page 2 Project Areas and approval of a Disposition and Development Agreement for the development of a new affordable housing project commonly known as "Pottery Court." The current recession has stalled development within the Redevelopment Project Areas which, together with a loss of funds to the State of California, will negatively impact the Agency's projected tax increment revenues. Despite these challenges, the Agency is expected to be able to meet all of its financial obligations, including debt service, pass - through obligations, and contractual commitments, including contingent liabilities. The most recent housing development and tax increment projections as well as the Agency's projected expenditures are incorporated into the Implementation Plan. As development activity increases, the Agency's tax increment revenues are expected to increase and the Agency should be better able to pursue new projects, programs and activities to implement Agency goals and objectives. As required by law, notice of the public hearing has been given by publication and posting. The public hearing, originally scheduled for December 8, 2009 was continued to December 22, 2009. Fiscal Impact None. Recommendation Conduct the public hearing for consideration of the Implementation Plan and adopt the attached Agency Resolution adopting the Redevelopment and Housing Implementation Plan 2009 -2014 in accordance with California Health & Safety Code Section 33490. Prepared by: Justin Carlson /Steve So D Associate Planner /Rede elopment Agency Consultant Reviewed by: Barbara Leibold City Attorney Approved by: Robert A. Brady Executive Directo Attachment: Resolution Of The Redevelopment Agency Of The City Of Lake Elsinore, California, Adopting The Redevelopment And Housing Implementation Plan 2009 -2014 In Accordance With California Health & Safety Code Section 33490 RDA December 22, 2009 Item No. 5 Page 2 of 5 RESOLUTION NO. 2009- RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING THE REDEVELOPMENT AND HOUSING IMPLEMENTATION PLAN 2009 -2014 IN ACCORDANCE WITH CALIFORNIA HEALTH & SAFETY CODE SECTION 33490 WHEREAS, the Redevelopment Agency of the City of Lake Elsinore ( "Agency ") is a pubic body, corporate and politic, organized and existing under the Community Redevelopment Law of the State of California (Cal. Health & Safety Code §§ 33000 et seq.: "CRL "); and WHEREAS, Assembly Bill 1290, enacted by the State of California effective January 1, 1994, amended Section 33490 of the CRL to require that on or before December 31, 1994 each redevelopment agency that has adopted a redevelopment plan prior to December 31, 1993, adopt after a public hearing, an implementation plan that shall contain goals and objectives of the agency for the project area(s), programs, including potential projects and expenditures proposed to be made during the next five years, and an explanation of how the goals, objectives, programs and expenditures will eliminate blight and implement the agency's low and moderate income housing obligations; and WHEREAS, commencing in December 1994, the Agency has adopted a Redevelopment and Housing Implementation Plan every five years and conducted a mid -term review in compliance with the requirements of Section 33490 of the CRL; and WHEREAS, an updated plan entitled "Redevelopment and Housing Implementation Plan 2009 - 2014" (the "Implementation Plan ") covering each of its three Redevelopment Project Areas I, II, and III in compliance with the requirements of Section 33490 of the CRL has been prepared and submitted to the Agency and is on file as a public record in the office of the Agency Secretary/City Clerk; and WHEREAS, a public hearing to receive testimony, consider and adopt said Implementation Plan was scheduled and duly noticed for December 8, 2009 in accordance with the publication and posting requirements of the CRL and continued to December 22, 2009; and WHEREAS, the adoption of the Implementation Plan does not constitute a project with the meaning of Public Resources Code Section 21000 et seq. "California Environmental Quality Act "). NOW, THEREFORE, THE REDEVELOPMENT AGENCY BOARD DOES HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS: SECTION 1. The Redevelopment and Housing Implementation Plan 2009 -2014 is hereby adopted in satisfaction of Health & Safety Code Section 33490. RDA December 22, 2009 Item No. 5 Page 3 of 5 RDA RESOLUTION NO. 2009 - PAGE 2 OF 3 SECTION 2. The Agency Secretary shall certify to the passage and adoption of this resolution and the same shall thereupon take effect and be in force. PASSED, APPROVED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of Lake Elsinore, California, this 22 day of December, 2009. Robert E. Magee, Chairman ATTEST: Debora Thomsen, Agency Secretary APPROVED AS TO FORM: Barbara Leibold, Agency Counsel RDA December 22, 2009 Item No. 5 Page 4 of 5 RDA RESOLUTION NO. 2009- PAGE 3 OF 3 STATE OF CALIFORNIA COUNTY OF RIVERSIDE SS CITY OF LAKE ELSINORE I, DEBORA THOMSEN, Agency Secretary of the City of Lake Elsinore, California, hereby certify that Resolution No. was adopted by the Redevelopment Agency of the City of Lake Elsinore, California, at a regular meeting held on the 22 day of December 2009, and that the same was adopted by the following vote: AYES: NOES: ABSENT: ABSTAIN: DEBORA THOMSEN, CMC AGENCY SECRETARY RDA December 22, 2009 Item No. 5 Page 5 of 5