The URL can be used to link to this page

Home My WebLink AboutCity Council Meeting 01/10/2012 - L.E. Redevelopment Agency Annual Report of Various Agency Activities LAKE ELSINORE REDEVELOPMENT AGENCY ANNUAL REPORT ON VARIOUS AGENCY ACTIVITIES FISCAL YEAR 2010 -2011 1. Fiscal Statement Report: A fiscal statement for FY 2010 -11, required by Health and Safety Code section 33080.5, is included with this annual report. 2. Blight Progress Report: During the fiscal year, the RDA continued to pay debt service on prior obligations incurred for projects that worked to eliminate or substantially reduce blighting conditions. In addition, the Agency continued to address blight through redevelopment activities such as the Pottery Court Housing project and the Lakeview Apartments rehabilitation project, and entered into negotiations to develop land in the RDA project areas. 3. Loan Report: No Agency loans fifty thousand dollars ($50,000) or more in FY 2010 -11 were in default, or not in compliance with the terms of the loan approved by the redevelopment agency. 4. Property Report: The RDA owns several parcels. An inventory of properties is included with this annual report. 5. Time Limit Expiration Dates: Time limit expiration dates for commencement of eminent domain proceedings, establishment of loans, advances, and indebtedness to finance redevelopment projects, effectiveness of the redevelopment plan and to repay indebtedness with the proceeds of property taxes are listed in the California Department of Housing and Community Development Redevelopment Annual Housing Activity Report included with this annual report. 6. Agency Housing Activities Report: The description of the agency's activities in FY 2010 -11 affecting housing and displacement that contains the information required by Sections 33080.4 and 33080.7 in the Health and Safety Code is included in the California Department of Housing and Community Development Redevelopment Annual Housing Activity Report included with this annual report. LAKE ELSINORE REDEVELOPMENT AGENCY FISCAL STATEMENT FISCAL YEAR 2010 -2011 A. Amount of outstanding indebtedness of the Agency by Project Area: 1. Rancho Laguna Redevelopment Project Area 1: $ 131,831,392 2. Rancho Laguna Redevelopment Project Area 2: $ 242,167,379 3. Rancho Laguna Redevelopment Project Area 3: $ 92,605,633 B. Amount of gross tax increment generated in each Project Area: 1. Rancho Laguna Redevelopment Project Area 1: $ 6,789,221 2. Rancho Laguna Redevelopment Project Area 2: $ 9,715,836 3. Rancho Laguna Redevelopment Project Area 3: $ 2,603,826 C. Amount of tax increment paid to, or spent on behalf of, a taxing agency, other than a school or community college district: None D. The financial transaction report required pursuant to section 53891 of the Government Code: (See the attached State Controller Financial Transaction Report) E. Amount allocated to school or community college districts: 1. Rancho Laguna Redevelopment Project Area 1: School Districts $ 171,091 Community College Districts $ 15,275 2. Rancho Laguna Redevelopment Project Area 2: School Districts $ - Community College Districts $ - 3. Rancho Laguna Redevelopment Project Area 3: School Districts $ 502,602 Community College Districts $ 41,095 F. The amount of existing indebtedness, and the total amount of payments required to be paid on existing indebtedness for that fiscal year: 1. Rancho Laguna Redevelopment Project Area 1: Total Debt $ 131,831,392 Payments $ 6,148,921 2. Rancho Laguna Redevelopment Project Area 2: Total Debt $ 242,167,379 Payments $ 9,043,367 3. Rancho Laguna Redevelopment Project Area 3: Total Debt $ 92,605,633 Payments $ 2,752,767 G. Any other fiscal information which the agency believes useful to describe its programs: None P:1CAFR 10- 11‘RDA\RDA Fiscal Statement SCO 6- 30- 2011.xls,1/5/2011,%rr LAKE ELSINORE REDEVELOPMENT AGENCY List of Lake Elsinore Redevelopment Agency Owned Parcels As of June 30, 2011 APN STREET SUFFIX DIR HOUSE NO ACRE SUB NAME 374072028 VACANT LOT 0 0.05 HEALDS RESUB 374072030 VACANT LOT 0 0.07 HEALDS RESUB 374072032 VACANT LOT 0 0.07 HEALDS RESUB 374072034 VACANT LOT 0 0.07 HEALDS RESUB 374072036 VACANT LOT 0 0.12 HEALDS RESUB 374062020 VACANT LOT 0 0.51 HEALDS RESUB 374062005 VACANT LOT 0 0.00 HEALDS RESUB 374062006 VACANT LOT 0 0.00 HEALDS RESUB 374062015 SPRING ST N 401 0.51 HEALDS RESUB 374162039 VACANT LOT 0 0.11 HEALDS RESUB 374162041 VACANT LOT 0 0.11 HEALDS RESUB 374162043 VACANT LOT 0 0.10 HEALDS RESUB 374162045 VACANT LOT 0 0.10 HEALDS RESUB 374162047 VACANT LOT 0 0.10 HEALDS RESUB 374162049 VACANT LOT 0 0.10 HEALDS RESUB 377292017 ELLIS ST 284 0.21 SMITHS ADD TO ELSINORE 374162051 VACANT LOT 0 0.11 HEALDS RESUB 374162036 VACANT LOT 0 0.53 HEALDS RESUB 374162053 VACANT LOT 0 0.11 HEALDS RESUB 374162055 VACANT LOT 0 0.11 HEALDS RESUB 374162057 VACANT LOT 0 0.11 HEALDS RESUB 374162059 VACANT LOT 0 0.12 HEALDS RESUB 374162061 VACANT LOT 0 0.12 HEALDS RESUB 373025006 FRANKLIN ST E 120 0.00 JONES ADD TO ELSINORE 373025007 VACANT LOT 0 0.17 JONES ADD TO ELSINORE 374174015 PECK ST W 114 0.00 TOWN OF ELSINORE 374174014 VACANT LOT 0 0.00 TOWN OF ELSINORE 374262003 GRAHAM AVE W 118 0.00 TOWN OF ELSINORE 374262010 VACANT LOT 0 0.00 TOWN OF ELSINORE 373300027 LAKESHORE DR E 420 2.64 RESUB OF BLK D OF ELSINORE 373210032 VACANT LOT 0 2.37 RESUB OF BLK D OF ELSINORE 373210030 VACANT LOT 0 7.26 RESUB OF BLK D OF ELSINORE 373210042 VACANT LOT 0 4.60 PM 27852 373210040 VACANT LOT 0 14.46 PM 27852 371030026 VACANT LOT 0 5.07 RESUB OF BLK D OF ELSINORE 371030024 VACANT LOT 0 0.14 RESUB OF BLK D OF ELSINORE 371030022 VACANT LOT 0 0.07 PM 27852 371030021 VACANT LOT 0 13.76 PM 27852 370020011 VACANT LOT 0 10.00 PM 27852 370020009 VACANT LOT 0 58.85 PM 27852 370020010 VACANT LOT 0 21.58 RESUB OF BLK D OF ELSINORE 377180037 VACANT LOT 0 2.15 SILVER & MENTHORN RILEY ST STREET VACATION 0 0.73 RILEY STREET 374072018 VACANT LOT 0 0.08 HEALDS RESUB 374072020 VACANT LOT 0 0.07 HEALDS RESUB 374072022 VACANT LOT 0 0.07 HEALDS RESUB 374071011 VACANT LOT 0 0.21 HEALDS RESUB 374071012 VACANT LOT 0 0.21 HEALDS RESUB 374071013 VACANT LOT 0 0.21 HEALDS RESUB 374071014 RILEY ST N 307 0.21 HEALDS RESUB 374071007 VACANT LOT 0 0.21 HEALDS RESUB P:ICAFR 10- 111RDAIList of RDA Owned Properties 6- 30- 11.xls,1/5/2012,JRR 1 LAKE ELSINORE REDEVELOPMENT AGENCY List of Lake Elsinore Redevelopment Agency Owned Parcels As of June 30, 2011 374071005 LANGSTAFF ST N 312 0.21 HEALDS RESUB 374071006 VACANT LOT 0 0.21 HEALDS RESUB 374071010 VACANT LOT 0 0.21 HEALDS RESUB 374071003 VACANT LOT 0 0.21 HEALDS RESUB 374071004 VACANT LOT 0 0.20 HEALDS RESUB 374071026 VACANT LOT 0 0.20 HEALDS RESUB 374071027 VACANT LOT 0 0.20 HEALDS RESUB 374071008 RILEY ST N 323 0.21 HEALDS RESUB 374071009 RILEY ST N 317 0.21 HEALDS RESUB 373023011 VACANT LOT 0 JONES ADD TO ELSINORE 373023012 VACANT LOT 0 JONES ADD TO ELSINORE 375293029 VACANT LOT 0 0.12 CLUSTER OF 21 AND 22 375293030 VACANT LOT 0 0.14 CLUSTER OF 21 AND 22 375321029 VACANT LOT 0 0.06 CLUSTER OF 23 - 27 375321030 VACANT LOT 0 0.06 CLUSTER OF 23 - 27 375321031 VACANT LOT 0 0.05 CLUSTER OF 23 - 27 375321032 VACANT LOT 0 0.06 CLUSTER OF 23 - 27 375321033 VACANT LOT 0 0.05 CLUSTER OF 23 - 27 3742622011 PARKING 0 0.04 PARKING DOWNTOWN CLUSTER 40 -41 3742622012 PARKING 0 0.09 PARKING DOWNTOWN CLUSTER 40 -41 P :ICAFR 10- 111RDAIList of RDA Owned Properties 6- 30- 11.xls,1/5/2012,JRR 2