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HomeMy WebLinkAboutCC 01/10/2012 Agenda - Redevelopment On Line Filing of Annual HCD Report KLA reporting System - Confirmation rage 1 or 1 Confirmation of Redevelopment Agency On -Line Filing of Annual HCD Report FY: Fiscal Year: 2010/2011 FM: Redevelopment Agency: LAKE ELSINORE Agency Administrator: James Riley Date: 01/06/2012 Time: 09:40 am TO: State Controller Division of Accounting and Reporting Local Government Reporting Section P.O.Box. 942850 Sacramento, CA 94250 This notice is automatically generated by HCD's On -Line Reporting System. The purpose is to file with the State Controller's Office verification the redevelopment agency has complied with Health and Safety Code (H&SC) Section 33080(a) and submitted the annual HCD report required by H&SC Section 33080.1. HCD Notification: For the Fiscal Year 2009 -2010 Supplemental Education Revenue Augmentation Fund (SERAF) payment, the agency: Did use revenue /funds that reduced the amount available to the Housing Fund Did not use revenue /funds that reduced the amount available to the Housing Fund To the best of my knowledge the representations made above and the agency information reported are correct. -- 6- 201 2-.- 411111 111--2 or.. z 7 . Date Si, re of Authorized Agency Represen • e (gsl Ott— 3/D4/ Cyf tre 4v A-e.i+7:1,t Sys Telephone Number Title https://sswl.hcd.ca.gov/RDA/showLockLetterjsp 1/6/2012 RDA Reporting System - Agency Information rage 1 of 1 California Department of Housing and Community Development Redevelopment Agency Reporting System Agency Information You are Here: Select Year > Schedule Menu > Agency Information « Previous Page Agency:LAKE ELSINORE Fiscal Year :2010/2011 Prepared by: James Riley • Admin • Select Please use this form to provide current information about LAKE ELSINORE Year • FAQ Address: 130 S. Main St. • User Info City Hall • Status City: Lake Elsinore • Print County: RIVERSIDE • Logout State: CA Zip: 92530 Telephone: (951)674 -3124 Extension: 212 Fax: (951)471 -0052 E -Mail: jriley @lake- elsinore.org Description: preparer: James Riley, CPA — Dir, Adm Srvc Upd ., Redevelopment Agency Reporting System - Agency Information California Department of Housing and Community Development https://sswl.hcd.ca.gov/RDA/editAgencyInfo.jsp 1/6/2012 G r:4 k k § to 2G2 t & CO 0) o C m w 0 / 64 64 $ }k 0 0 § f 0 p 2 2 t 64 m # E •• 2 $ $ »$ /o k 2 0 \ k 0 £ / k k k 2 N cc 0 a ) 2 § m ' Q. V. 7 2 . 2 Is 0 '3 -J C. 2 0 43 ® § S \k � q { ) .... $ § \ $ $ 2 ;2t \ [ o / $A§ ® c Q. ® to q a 2 k 0 c ' 2 © -. C \ / ' ° *4§k kUJ co § 2 { a k k S k O. ® ` E a ^ § o. t k .q 0 k 2 0 ~ c �) S. m m I 0. 4. $ z co k 2 % ul ¢ 2 E w N. g E m N. CO V( 2 2 in 0 o - # 4 0 o 2 ® 2 a e, . CC C 0 co k ., � co � 0 O. ■ m 2 Q 2 . & k k k k k 0' V) a \ a. a k ■ k \ CL t (64 ® a. } 0 California Redevelopment Agencies- Fiscal Year 2010/2011 Project Area Contributions to Low and Moderate Income Housing Fund Sch A Project Area Financial Information Agency LAKE ELSINORE Address 130 S. Main St. City Hall Lake Elsinore CA 92530 Project Area AREA 1 Type: Inside Project Area Status: Active Plan Adoption: 1980 Plan Expiration Year: 2022 Amount Gross Tax Calculated Amount Amount Suspended Total % Cumulative Increment Deposit Allocated Exempted and/or Deferred Deposited Def. $6,789,221 $1,357,844 $1,357,844 $10 $15 $1,357,819 20.00% $15 Repayment $0 Category Grants $101,261 Interest Income $37,937 Other Revenuel $25 Other Revenue2 $50,125 Sale of Real Estate $214,696 Total Additional Revenue $404,044 Total Housing Fund Deposits for Project Area $1,761,863 Project Area AREA 2 Type: Inside Project Area Status: Active Plan Adoption: 1983 Plan Expiration Year: 2024 -- - - -- --------- Amount Gross Tax Calculated Amount Amount Suspended Total % Cumulative Increment Deposit Allocated Exempted and/or Deferred Deposited Def. $9,715,836 $1,943,167 $1,943,167 $0 $0 $1,943,167 20.00% $0 Repayment $0 Ca tegory Grants $144,903 Interest Income $54,287 Other Revenue1 $71,728 Sale of Real Estate $307,227 Total Additional Revenue $578,145 Total Housing Fund Deposits for Project Area $2,521,312 Page 1 of 2 01/06/12 California Redevelopment Agencies- Fiscal Year 2010/2011 Project Area Contributions to Low and Moderate Income Housing Fund Sch A Project Area Financial Information Project Area AREA 3 Type: Inside Project Area Status: Active Plan Adoption: 1987 Plan Expiration Year: 2028 Amount Gross Tax Calculated Amount Amount Suspended Total % Cumulative Increment Deposit Allocated Exempted and/or Deferred Deposited Def. $2,603,826 $520,765 $520,765 $0 $0 $520,765 20.00% $551,250 Repayment $0 Category Grants $39,079 Interest Income $14,641 Other Revenuel $19,345 Sale of Real Estate $82,855 Total Additional Revenue $155,920 Total Housing Fund Deposits for Project Area $676,685 Agency Totals For All Project Areas: Amount Gross Tax Calculated Amount Amount Suspended Total / Cumulative Increment Deposit Allocated Exempted and/or Deferred Def. Deposited $19,108,883 $3,821,776.6 $3,821,776 $10 $15 $3,821,751 20% $551,265 Total Additional Revenue from Project Areas: $1,138,109 Total Deferral Repayments: $0 Total Deposit to Housing Fund from Project Areas: $4,959,860 Page 2 of 2 01/06/12 California Redevelopment Agencies - Fiscal Year 2010/2011 Sch AB Project Area Program Information LAKE ELSINORE Project Area: AREA 1 UNITS LOST - - -- - - - -- Very Low Low Moderate Above Total Moderate Reporting Period: Current Redevelopment Category Bedrooms Lost- Required to be Replaced 11 7 0 0 18 Category Households Removed - Non Elderly 8 2 0 0 10 Category Units Lost - Required to be Replaced 8 2 0 0 10 REPLACEMENT HOUSING PLAN Report Period Custodian Name Adoption Date Current Virginia Bloom, City Clerk 28- APR -09 FUTURE UNIT CONSTRUCTION- Estimated Execution Completion Contract Name Date Date Very Low Low Moderate Total Pottery Court 05/01 /10 05/01 /12 111 0 0 111 Project Area: AREA 2 FUTURE UNIT CONSTRUCTION Estimated Execution Completion Contract Name Date Date Very Low Low Moderate Total Lakeview Apts 10/01/10 10/01/11 27 123 0 150 Page 1 of 1 01/06/12 a 0�) CO @2C 6 In 2 2 22 A 41) e/# \ c 0 o CO m 670 CO $2§ CO / §co .- u 43 c Co & @§ / • k UJ � $ CO CO 42 4) I. & ° 2 � �� 0) ,„0 _ >. 4° / § 0 ® 2% c4 0 in & LL E ®W 2 Q 2§ 2 4) VI §20 43 , 0 t co e a (§ � no 6 o & ■aUj �& ; �k / k k c ( 2 . ■ c & " o ■ a& 2 § k o 2 E f o &� C0 # 2 o o. ts }� /CI k \\ �'3 w m 0 ® m co k Bk 7 �k / k � o ; > E § a e0 �� . ■ a 2 tn. $m § o $ k o k , v- v . ... 2 CO a 0 ak C ®© $ I �� ƒ Z� # ( % 60. CC 0) t CC 2 0 2 / E( 2\ o a k & k2 2 ��■ 2 2§ v 0 , a « 1. .14 2 k o max . \ R f al � 2 a a a. # o CSI f / 27 a N o -,- c 0- a�a (3 0 / �� V. ƒ & CV California Redevelopment Agencies - Fiscal Year 2010/2011 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail LAKE ELSINORE Beginning Balance $12,103,837 Adjustment to Beginning Balance - $1,074,400 Adjusted Beginning Balance $11,029,437 Total Tax Increment From PA(s) $3,821,751 Total Receipts from PA(s) $4,959,860 Other Revenues not reported on Schedule A $0 Sum of Beginning Balance and Revenues $15,989,297 Expenditure Item Subitem Amount Remark Debt Service Debt Principal Payments Tax Allocation, Bonds & Notes $725,800 Interest Expense $552,492 Subtotal of Debt Service $1,278,292 Housing Construction $10,138,401 Subtotal of Housing Construction $10,138,401 Housing Rehabilitation $1,100,000 Subtotal of Housing Rehabilitation $1,100,000 Planning and Administration Costs Administration Costs $55,066 Professional Services $6,698 Subtotal of Planning and Administration Costs $61, 764 Transfers Out of Agency Other $260,254 Project Costs -Prof Services- $260,254 Subtotal of Transfers Out of Agency $260,254 01/06/12 Page 1 of 3 California Redevelopment Agencies - Fiscal Year 2010/2011 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail LAKE ELSINORE Expenditure Item Subitem Amount Remark Total Expenditures $12,838,711 Net Resources Available $3,150,586 Indebtedness For Setasides Deferred $551,265 Other Housing Fund Assets Cate gory Amount Remark SERAF Total Receivable $3,198,750 Other $19,493,078 Advances to other funds: $18,040,438; Cash for Debt Svcs: $1,452,640 Value of Land Purchased with Housing Funds $48,369 Total Other Housing Fund Assets $22,740,197 Total Fund Equity $26,442,048 2006/2007 $4222509 2007/2008 $5296873 sum of 4 Previous Years' Tax Prior Year Ending Excess Surplus for 2008/2009 $4705482 Increment for 2010/2011 Unencumbered Balance 2010/2011 2009/2010 $225411 $14450275 $4,394,658 $0 Sum of Current and 3 Previous Years' Tax Increments $14,049,517 Adjusted Balance $3,150,586 Excess Surplus for next year $0 Net Resources Available $3,150,586 Unencumbered Designated $0 Unencumbered Undesignated $3,150,586 Total Encumbrances $0 Unencumbered Balance $3,150,586 Unencumbered Balance Adjusted for Debt Proceeds $0 Unencumbered Balance Adjusted for Land Sales $0 Excess Surplus Expenditure Plan Yes Excess Surplus Plan Adoption Date 01/06/12 Page 2 of 3 California Redevelopment Agencies - Fiscal Year 2010/2011 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail LAKE ELSINORE Site Improvement Activities Benefiting Households Income Level Low Very Low Moderate Total Construction 0 0 0 0 Rehabilitation 0 0 0 0 Health and Safety Hazard 0 0 0 0 Land Held for Future Development Site Name Num Of Zoning Purchase Estimated Acres Date Start Date Remark N/A 0 Use of the Housing Fund to Assist Mortgagors Income Adjustment Factors Requirements Completed Home $ Hope $ Non Housing Redevelopment N/A Funds Usage None Resource Needs LMIHF Deposits/Withdrawls Document Document Custodian Custodian Copy Name Date Name Phone Source Ledger 30- JUN -11 Lake Elsinore (951) 674 -3124 City of Lake Redevelopment Elsinore Agency Achievements Description 01/06/12 Page 3 of 3 SCHEDULE HCD E CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only: Actual Obligation is based on Implementation Plan) Report Year: 2010/2011 Agency: LAKE ELSINORE NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD -D7 which are developed in a project area by any entity (agency or non - agency). PART I [H & SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal - Baseline of Units (add line 1 & 2) 0 4. Subtotal of Inc' usionaryObligation Accrued this Year for Units (line 3 x30 %) 0 5. Subtotal of InclusionaryObligation Accrued this year for Very -Low Income Units (line 4 x50 %) 0 PART 1I [H & SC Section 33413(b)(2)] NON - AGENCY DEVELOPED UNITS 6. New Units I 7. Substantially Rehabilitated Units 0 8. Subtotal - Baseline of Units (add lines 6 & 7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15 %) 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units (line 9 x40 %) PART III TOTALS 11. Total Increase in InclusionaryObligations During This Fiscal Year (add line4 & 9) 2 12. Total Increase in Very Low Income Units InclusionaryObligations During This Fiscal Year (add line 5 & 10) =2. CaliforniaRedemelopmeeAgencies - FiscalYear 201o/zo11 01/06/2012 Schedule E (11/01) *Totals maybe impacted by rounding Page 1 of 1