HomeMy WebLinkAboutItem No. 07 Comp Agrmnt pursue to Health & Safety Code Sec. 34180(f)Text File
City of Lake Elsinore 130 South Main Street
Lake Elsinore, CA 92530
www.lake-elsinore.org
File Number: ID# 17-344
Agenda Date: 9/12/2017 Status: Consent AgendaVersion: 1
File Type: ReportIn Control: City Council / Successor Agency
Agenda Number: 7)
Page 1 City of Lake Elsinore Printed on 9/7/2017
Page 1 of 2
REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Grant Yates, City Manager
Prepared By: Barbara Leibold, City Attorney
Date:September 12, 2017
Subject:Compensation Agreement Pursuant to Health and Safety Code Section
34180(f) for Lake Elsinore Successor Agency Transfer of Properties to
City of Lake Elsinore for Future Development
Recommendation
Authorize the City Manager to execute the Compensation Agreement, Certificates of
Acceptance and related documents necessary for the transfer of properties from the
Successor Agency of the Redevelopment Agency to the City of Lake Elsinore.
Background
As part of the dissolution of the former Redevelopment Agency, Health & Safety Code
Section 34177(e) requires the Oversight Board to direct the Successor Agency to dispose of
any real property held by the Successor Agency.
The Successor Agency and Oversight Board previously approved the transfer of certain
Successor Agency owned properties, including the approximately 1.66 acre site consisting of
five parcels across the street from the Cultural Center, an approximately 6.1 acre property
located at Spring between Limited and Lakeshore also consisting of five parcels and an
approximately 2.15 acre property located at Silver and Minthorn.
The State Department of Finance has approved the conveyances to the City to be held for
future development subject to execution of a compensation agreement by the affected taxing
entities and the City.
Discussion
The form of the attached Compensation Agreement has been previously approved by the
Successor Agency and Oversight Board. The Compensation Agreement sets forth how
proceeds from the sale of the properties for private development will be distributed to the
Compensation Agreement for Transfer of Properties to City for Future Development
Page 2 of 2
taxing entities. The net proceeds received by the City from the ultimate sale of the properties
to a private developer will be remitted to the Riverside County Auditor-Controller who will
then distribute the net proceeds to the taxing entities in proportion to their normal respective
property tax shares.
The Compensation Agreement has been approved and executed by all affected taxing
entities. Upon approval by the City, the Successor Agency will complete the property
transfers to the City.
Fiscal Impact
There is no cost for the transfer of the properties by the Successor Agency to the City. The
net proceeds received from the ultimate sale of the properties to a private developer will be
remitted to the Riverside County Auditor-Controller who will then distribute the net proceeds
to the taxing entities in proportion to their normal respective property tax shares. The City’s
share of the net sale proceeds will be approximately 10.17%.
Exhibit
A - Compensation Agreement
COMPENSATION AGREEMENT PURSUANT TO HEALTH AND
SAFETY CODE SECTTON 34180(f) FOR LAKE ELSTNORE
SUCCESSOR AGENCY TRANSFER OF PROPERTIES TO CITY
OF LAKE ELSINORE FOR FTITURE REDEVELOPMENT
ACTTVITY
This Agreement, dated for reference purposes as of 2017 is
entered into by and among the City of Lake Elsinore, the County of Riverside, the
Riverside County Library System, the County of Riverside Flood Control and Water
Conservation District, the County of Riverside Fire Department, the Riverside County
Office of Education, the Riverside County Parks District, Mt. San Jacinto College,
Elsinore Valley Cemetery District, Elsinore Valley Municipal Water District, Westem
Municipal Water District of Riverside County, Riverside Corona Resource Conservation
District, and the Lake Elsinore Unified School District, on the basis of the following
facts, understandings, and intentions of the Parties:
RECITALS
A. These Recitals refer to and utilize certain capitalized terms which are
defined in Section I of this Agreement. The Parties intend to refer to those definitions in
connection with the use thereof in this Agreement.
B. Pursuant to the Redevelopment Dissolution Statutes, the Former RDA was
dissolved as of February l, 2012, and the Successor Agency became responsible for
paying its enforceable obligations, disposing of its properties and other assets, and
unwinding the affairs of the Former RDA.
C. Accordingly, ownership of the Former RDA's Properties that had been
acquired to implement the Redevelopment Plans of the Former RDA transferred to the
Successor Agency for disposition in accordance with the Redevelopment Dissolution
Statutes.
D. The Successor Agency received a "Finding of Completion" from DOF on
April 26, 2013, confirming that the Successor Agency had made specified required
payments under the Redevelopment Dissolution Statutes, and entitling the Successor
Agency to prepare and submit a Long-Range Property Management Plan (the "LRPMP",
as further defined in Section I ) to the Oversight Board and the DOF for approval.
E. The Successor Agency initially prepared and obtained Oversight Board
approval of its LRPMP in October 2013, calling for certain Properties to be transferred
by the Successor Agency to the City for future disposition by the City and development
by selected Developers to implement projects identified in the Redevelopment Plan.
F. Notwithstanding the timely submittal of the LRPMP, the LRPMP was not
approved by December 31, 2015, the statutory deadline for approval of a LRPMP.
Accordingly, in January 2016, DOF issued a letter specifying that the Successor Agency
must dispose of its Properties in accordance with Health and safety Code Sections
34177(e) and 34181(a). Since January, the Successor Agency, the Oversight Board and
DOF have approved transfer of each of the properties described herein to the City for
future development.
G. For properties to be transferred to the City for future development, Health
& Safety Code Section Code 34180(0 requires execution of a compensation agreement
among the City and the Taxing Entities providing for specified proceeds of the City's
subsequent disposition of the properties to be distributed to the Taxing Entities in
accordance with their proportional shares of the base property tax revenues.
H. City and the Taxing Entities desire to enter into this Agreement to provide
forthe distribution of net proceeds upon the sale of the properties transferred to the City
for future development.
I. The Parties desire to enter into this Agreement to provide for the execution
of an appropriate compensation agreement in accordance with Health and Safety Code
Section 34180(0.
NOW, THEREFORE, the Parties agree as follows:
Section t.
Agreement:
Definitions. The following definitions shall apply in this
(a) "Agreement" means this Compensation Agreement Pursuant To
Health and Safety Code Section 34180(f) Regarding Lake Elsinore Successor Agency
Transfer of Properties to City of Lake Elsinore For Future Redevelopment Activity, as
may be amended from time to time.
(b) "Applicable Fiscal Year" means each Fiscal Year of the City in
which the City receives Interim Municipal Use Annual Operating Proceeds from an
Interim Municipal Use of one or more of the Properties, as more fully described in
Section 7.
(c) "Applicable Shares" has the meaning given in Section 6(a).
(d) "Auditor-Controller" means the Riverside County Auditor-
Controller.
(e) *City" means the City of Lake Elsinore.
(0 "DDA" means, with respect to each Property, the disposition and
development agreement between the City and a Developer for that Property.
(g) "Developer" means, with respect to each Property, the developer to
which the City disposes of that Property pursuant to a DDA.
(h) "Disposition Proceeds" means, with respect to each Property, the
gross purchase price and other compensation, if any, actually received by the City from
Tax Ent. Compensation Agt 1 13016 2
the Developer in consideration for the disposition of the Property pursuant to the DDA,
less the sum of the City's actual costs for the following items (but only to the extent paid
from City funds and not from funds provided by the Successor Agency, a Developer, or
another separate entity), each to be documented in reasonable detail in the Disposition
Proceeds Statement for the Property:
(l) the City's actual, reasonable costs for normal maintenance,
management and insurance of the applicable Property from the date the Property is
transferred by the Successor Agency to the City pursuant to Section 4 to the date the
Property is disposed of by the City to the Developer pursuant to the DDA; plus
(2) the City's actual costs of any capital improvements or
repairs to maintain the Property in a safe and lawful condition incurred from the date the
Property is transferred by the Successor Agency to the City pursuant to Section 4 to the
date the Property is disposed of by the City to the Developer pursuant to the DDA;
(3) the City's actual costs of site preparation, including
hazardous materials remediation and pollution legal liability insurance premiums, if any,
required to be paid by the City under the DDA for the applicable Property to prepare the
Property for disposition; plus
(4) the City's actual, reasonable costs to pay third party
vendors for appraisal, legal, real estate consultant and marketing, title company, title
insurance and other costs related to Developer selection, DDA preparation and approval,
and closing costs for disposition of the Property; plus
(5) any broker's commissions payable by the City pursuant to
the DDA for the Property.
(i) "Disposition Proceeds Receipt Date" means, with respect to each
Property, the date on which the City receives the proceeds from the disposition of that
Property to the Developer pursuant to the DDA.
0) "Disposition Proceeds Statement" means, with respect to each
Property, the statement prepared by the City and delivered to the Taxing Entities in
accordance with Section 5(b).
(k) "DOF" means the California Department of Finance.
(l) "Effective Date" has the meaning given in Section 2.
(m) "ERAF" means the Educational Revenue Augmentation Fund
maintained by the Auditor-Controller.
(n) "Fiscal Year" means the fiscal year of the City in effect from time
to time. The current Fiscal Year period of the City commences on July I of each calendar
year and ends on the following June 30.
Tax Ent. Compensation Agt 113016 3
(o) "Former RDA" means the Redevelopment Agency of the City of
Lake Elsinore-
(p) "lnterim Municipal Use" means an interim use by the City of a
Property, such as for pocket parks, landscape features, bus shelters, parking lots available
for community events, and others similar uses.
(q) "Interim Municipal Use Annual Operating Proceeds" means, for
each Applicable Fiscal Year, the gross revenue actually received by the City from Interim
Municipal Use of the Properties, as documented in reasonable detail in the Operating
Proceeds Statement for the Applicable Fiscal Year.
(r) "LRPMP" means the Long-Range Property Management Plan of
the Successor Agency.
(s) "Operating Proceeds Statement" means, with respect to each
Applicable Fiscal Year, the statement prepared by the City and delivered to the Taxing
Entities in accordance with Section 7(c).
(t) "Oversight Board" means the Successor Agency's oversight board
established and acting in accordance with the Redevelopment Dissolution Statutes.
(u) "Parties" means all of the parties to this Agreement as set forth in
the opening paragraph of this Agreement."Party" means one of the Parties individually.
(v) "Properties" mean collectively, the following three parcels of real
property that are owned by the Successor Agency and that are subject to the terms of this
Agreement:
(l) "Property l": an approximately 6.1 acre property located
at Spring between Limited and Lakeshore between Historic Downtown and Lake
Elsinore (consisting of five (5) parcels identified as APNs 374-271-003, 004,007, 013
and 015);
(2) "Property 2": an approximately 2.15 acre property located
at Silver and Minthom, known as APN 377-180-037; and
(3) "Property 3": an approximately 1.66 acre property located
on Main between Peck and Heald at the boundary of the Cultural and Historic Districts of
the Downtown Master Plan across from the Cultural Center (consisting of APNs 373-
023-01 l, 012, 015, 024 and 025).
Each of the above Properties is referred to individually as a "Property".
(w) "Redevelopment Dissolution Statutes" means collectively ABxl 26
enacted in June 201l, as amended to date.
4Tax Ent. Compensation Agt 1 13016
(x) "Redevelopment Plan" means the Consolidated Amended and
Restated Redevelopment Plan for the Lake Elsinore Merged Redevelopment Project
adopted by the City Council of the City by Ordinance No. 5-2010 on March 16, 2010.
(V) "Successor Agency" means the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore".
(z) "Taxing Entities" means, collectively, the following entities that
comprise affected taxing entities for purposes of the Redevelopment Dissolution Statutes:
the County of Riverside, the Riverside County Library System, the County of Riverside
Flood Control and Water Conservation District, the County of Riverside Fire
Department, the Riverside County Office of Education, the Riverside County Parks
District, Mt. San Jacinto College, Elsinore Valley Cemetery District, Elsinore Valley
Municipal Water District, Western Municipal Water District of Riverside County,
Riverside Corona Resource Conservation District, and the Lake Elsinore Unified School
District.
Section 2. Effectiveness of Asreement. This Agreement shall become
effective only upon satisfaction of the following conditions:
(a) Approval of this Agreement by the City and direction by the City
Council to execute and implement this Agreement pursuant to Health and Safety Code
Section 34180(0 (the "City Action"); and
(b) Approval by the Oversight Board of transfer of the Properties to
the City for future development upon execution of this Agreement;
(c) Notification to DOF of the Oversight Board action and approval by
DOF of the Oversight Board action in accordance with the provisions of Health and
Safety Code Section 34179(h); and
(d) Signature ofthis Agreement by each of the parties hereto.
Promptly following the effectiveness of this Agreement, the City and the
Successor Agency shall transmit notice to all the other Parties that the Agreement is
effective and specifuing the date the Agreement became effective (the "Effective Date").
Section 3. Sienatories With Respect To Ceftain Funds.
(a) Flood Control District Funds. The County of Riverside Flood
Control and Water Conservation District (the "Flood Control District") administers the
following special funds, and, in addition to entering into this Agreement for the Flood
Control District itself, is authorized to, and has entered into and executed this Agreement
on behalf of the following:
Flood Control Administration; and
Flood Control Zone 3.
Tax Ent. Compensation Agt 1 1 3016 5
(b) County Superintendent Funds. The Western Municipal Water
District of Riverside County administers the following special funds, and, in addition to
entering into this Agreement for itselt is authorized to, and has entered into and executed
this Agreement on behalf of the following:
WESTERN MUNICIPAL WATER; and
WESTERN MUNICIPAL WATER IST FRTNGE.
(c) Lake Elsinore Unified School District. The Lake Elsinore Unified
School District administers the following special funds, and, in addition to entering into
this Agreement for itself, is authorized to, and has entered into and executed this
Agreement on behalf of the following:
LAKE ELSINORE LINIFIED SCHOOL DISTRICT;and
ELSTNORE AREA ELEMENTARY SCHOOL FUND.
Section 4. Convevance of Properties To City. Promptly following the
Effective Date, and in consideration for the distributions to the Taxing Entities by the
City through the Auditor-Controller set forth in Section 6, the Successor Agency shall
convey, and the City shall accept, all of the interest in and to the Properties (subject to the
special provisions regarding the conveyance of the Properties). The Successor Agency
shall convey the Properties by grant deed in form reasonably acceptable to the Successor
Agency and the City.
Section 5. Disposition of Properties By City. Within a time frame determined
by the City to yield a financially feasible and marketable development, the City shall use
diligent good faith efforts to select a Developer for each Property, negotiate and obtain
approval and execution of the DDA for each Property, and dispose of each Property to
the Developer in accordance with the applicable DDA. City shall obtain the Disposition
Proceeds for distribution through the Auditor-Controller to the Taxing Entities pursuant
to Section 6 and to enable development of each Property in accordance with the
Redevelopment Plan. As required by Government Code Section 52201, the purchase
price payable to the City for each Property under the applicable DDA shall be an amount
that is determined to be not less than the Property's fair market value at highest and best
use, or the Property's fair reuse value at the use and with the covenants and conditions
and development costs authorized by the applicable DDA.
By not later than the date of first published notice of the City Council public
hearing for the applicable DDA (the "DDA Public Hearing Notice"), the City shall
provide each Taxing Entity with a copy of the DDA Public Hearing Notice (including the
date, time and location of the public hearing and the location at which the proposed DDA
may be inspected and copied), and a statement setting forth the proposed purchase price
to be paid to the City under the proposed DDA.
Upon the execution of the DDA for each Property, the City shall transmit a copy
of the executed DDA to the other Parties.
Tax Ent. Compensation Agt 1 1 3016
Section 6. Compensation To Taxins Entities Related To Disposition
Proceeds.
(a) . Distribution of Disposition Proceeds. Within fifteen (15) days
after the Disposition Proceeds Receipt Date with respect to each Property, the City shall
remit the Disposition Proceeds for that Property to the Auditor-Controller for subsequent
distribution by the Auditor-Controller among the Taxing Entities in proportion to their
shares of the base property tax (the "Applicable Shares"), as determined by the Auditor-
Controller pursuant to Health and Safety Code Section 34188. The attached Exhibit B
shows, for illustrative purposes only, the Applicable Shares of the Taxing Entities that
would have applied to a distribution under this Section 6 had the distribution been made
on June 1,2016, as provided by the Auditor-Controller.
(b) Accountinq Requirements. At the time of each distribution
pursuant to subsection (a), the City shall provide to the Taxing Entities and the Auditor-
Controller a statement prepared in accordance with sound accounting practice that
provides the City's calculation of the Disposition Proceeds (the "Disposition Proceeds
Statement"). The City shall keep complete, accurate and appropriate books and records of
its calculation of the Disposition Proceeds with respect to each distribution. The Auditor-
Controller shall have the right, on behalf of the Taxing Entities and upon reasonable
written notice to City, to audit and examine such books, records and documents and other
relevant items in the possession of City, but only to the extent necessary for a proper
determination of Disposition Proceeds.
Section 7. Compensation To Taxing Entities Related To Interim Municipirl
Use Annual Operatins Proceeds.
(a) Applicabiliw. The provisions of this Section 7 shall apply for each
Fiscal Year in which one or more of the Properties is used for an Interim Municipal Use
and generates Interim Municipal Use Annual Operating Proceeds to the City (each, an
"Applicable Fiscal Year"). Nothing in this Agreement shall obligate the City to charge
any fees or other amounts or to collect any revenues with respect to an Interim Municipal
Use of any of the Properties.
(b) Distribution of Interim Municipal Use Annual Operatine Proceeds.
Within ninety (90) days after the end of each Applicable Fiscal Year, the City shall remit
the lnterim Municipal Use Annual Operating Proceeds for that Applicable Fiscal Year to
the Auditor-Controller for subsequent distribution by the Auditor-Controller among the
Taxing Entities in proportion to their Applicable Shares, as determined by the Auditor-
Controller pursuant to Health and Safety Code Section 34188. The attached Exhibit B
shows, for illustrative purposes only, the Applicable Shares of the Taxing Entities that
would have applied to a distribution under this Section 7 had the distribution been made
on January 1,2014, as provided by the Auditor-Controller.
(c) Accountins Requirements. At the time of each distribution
pursuant to subsection (a), the City shall provide to the Taxing Entities and the Auditor-
Controller a statement prepared in accordance with sound accounting practice that
Tax Ent. Compensation Agt 113016 7
provides the City's calculation of the Interim Municipal Use Annual Operating Proceeds
(the "Operating Proceeds Statement"). The City shall keep complete, accurate and
appropriate books and records of its calculation of the Interim Municipal Use Annual
Operating Proceeds with respect to each distribution. The Auditor-Controller shall have
the right, on behalf of the Taxing Entities and upon reasonable written notice to City, to
audit and examine such books, records and documents and other relevant items in the
possession of City, but only to the extent necessary for a proper determination of the
lnterim Municipal Use Annual Operating Proceeds.
Section 8. Term of Asreement: Earlv Termination.
(a) Term. The term of this Agreement shall commence on the
Effective Date and, unless sooner terminated as otherwise provided in this Agreement,
shall expire upon the distribution by the City of all amounts owed to the Taxing Entities
under this Agreement.
(b) Early Termination. Notwithstanding any other provision of this
Agreement, a Party may terminate this Agreement upon written notice to the other Parties
if a court order, legislation, or DOF policy reverses DOF's directive regarding the need
for this Agreement and the payment of compensation by the City pursuant to Health and
Safety Code Section 34180(l) (an "Early Termination"). An Early Termination shall
become effective five (5) days after the terminating Party delivers the required notice to
the other Parties in accordance with Section 9(a). Upon effectiveness of an Early
Termination, no Party shall have any further rights or obligations under this Agreement,
and the City may retain the Disposition Proceeds from the disposition of any Property for
which the City has not yet received the Disposition Proceeds as of the effective date of
the Early Termination, and may retain any Interim Municipal Use Annual Operating
Proceeds for which the City was not required to make the distribution to the Taxing
Entities as of the effective date of the Early Termination; provided, however, that the City
shall have no right to recover any Disposition Proceeds or any Interim Municipal Use
Annual Operating Proceeds from any Taxing Entity that were distributed by the City
prior to the effective date of the Early Termination.
Section 9. Miscellaneous Provisions.
(a) Notices. All notices, statements, or other communications made
pursuant to this Agreement to another Party or Parties shall be in writing, and shall be
sufficiently given and served upon the Pany if sent by (l) United States certified mail,
retum receipt requested, postage prepaid, or (2) nationally recognized overnight courier,
with charges prepaid or charged to sender's acsount, and addressed to the applicable
Party in the manner specified in the attached Exhibit A. Any Party may change its
address for notice purposes by written notice to the other Parties prepared and delivered
in accordance with the provisions of this Section 9(a).
(b) No Third Party Beneficiaries. No person or entity other than the
Parties and their permitted successors and assigns, shall have any right of action under
this Agreement.
Tax Ent. Compensation Agt I I 3016 8
(c) Litieation Reeardine Asreement. In the event litigation is initiated
attacking the validity of this Agreement, each Party shall in good faith defend and seek to
uphold the Agreement.
(d) State Law: Venue. This Agreement, and the rights and obligations
of the Parties hereto, shall be construed and enforced in accordance with the laws of the
State of California. Any action to enforce or interpret this Agreement shall be filed and
heard in the Superior Court of Riverside County, California or in the Federal District
Court for the Northern District of Califomia.
(e) Attomevs' Fees. In any action which a Party brings to enforce its
rights hereunder, the unsuccessful Party or Parties shall pay all costs incurred by the
prevailing pafty, including reasonable attorneys' fees.
(0 Entire Agreement: Amendment. This Agreement constitutes the
entire and integrated agreement of the Parties and supersedes all prior negotiations,
representations, or agreements, either written or oral. This Agreement may be modified
only in writing and only if signed by all of the Parties and approved by the Oversight
Board and the DOF, except as otherwise provided below. Il at the time of a proposed
amendment of this Agreement, the Successor Agency and the Oversight Board have been
terminated in accordance with the applicable provisions of the Redevelopment
Dissolution Statutes, then the proposed amendment shall not require execution by the
terminated Successor Agency or approval by the terminated Oversight Board. [n that
event, to obtain the approval of the DOF for such proposed amendmenf the City shall
transmit the proposed amendment to the DOF on behalf ofthe remaining Parties and seek
the timely approval by the DOF for such amendment.
(g) Countemarts. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which together shall constitute one
and the same agreement. The signature page of any counterpart may be detached
therefrom without impairing the legal effect of the signature(s) thereon, provided such
signature page is attached to any other counterpart identical thereto having additional
signature pages executed by the other Parties. Any executed counterpart of this
Agreement may be delivered to the other Parties by facsimile and shall be deemed as
binding as if an originally signed counterpart was delivered.
(h) Non-Waiver. No waiver of a breach, failure of any condition, or
any right or remedy contained in or granted by the provisions of this Agreement will be
effective unless it is in writing and signed by the waiving Parties.
(D No Partnership. Nothing contained in this Agreement shall be
construed to constitute any Party as a partner, employee, joint venturer, or agent of any
other Party.
() Ambieuities. Any rule of construction to the effect that
ambiguities are to be resolved against the drafting party does not apply in interpreting this
Agreement.
Tax Ent. Compensation Agt 1 '13016 I
(k) Exhibits.
Agreement by reference:
The following exhibits are incorporated in this
Exhibit A: List of Addresses for Notice Purposes
Exhibit B: Taxing Entities Applicable Shares of Property Taxes
(l) Severability. If any term, provision, or condition of this
Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the
remainder of this Agreement shall continue in full force and effect unless an essential
purpose of this Agreement is defeated by such invalidity or unenforceability.
(m) Action or Approval. Whenever action and/or approval by the City
is required under this Agreement, the City Manager or his or her designee may act on
and/or approve such matter unless specifically provided otherwise, or unless the Cify
Manager determines in his or her discretion that such action or approval requires referral
to the City Council for consideration.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of
the dates set forth in the opening paragraph of this Agreement.
SIGNATURE PAGES FOLLOW:
Tax Ent. Compensation Agt 1 13016 't0
Dated:
APPROVED AS TO FORM:
LEIBOLD MCCLENDON & MANN, P.C.
By:
Barbara Leibold, City Attorney
Dated:
Dated:
Dated:
Dated:
Dated:
CITY OF LAKE ELSINORE
By:
Robert E. Magee, Mayor
ATTEST:
By:
Susan M. Domen, Clerk
NTY OF RIVERSIDECOU
By:
Its:
RIVERSIDE COUNTY LIBRARY
SYSTEM
By:
Its:
RIVERSIDE COUNTY FIRE
DEPARTMENT
By:
Its:
LAKE ELSINORE UNIFIED
SCHOOL DISTRICT
By:
Its:
LAKE ELSINORE UNIFIED
SCHOOL DISTRICT on behalf of
ELSINORE AREA ELEMENTARY
SCHOOL FUND
Its:
Tax Ent. Compensation Agt 113016
Dated:
Dated:
Dated:
Dated:
Dated:
Dated:
MT. SAN JACINTO COLLEGE
By:
Its:
RIVERSIDE COUNTY OFFICE OF
EDUCATION
By:
Its:
RIVERSIDE COUNTY PARKS
DISTRICT
By:
lts:
RI\TERSIDE CO. FLOOD CTRL. &
WATER CONSERVATION
DISTRICT on behalf of FLOOD
CONTROL ADMINISTRATION
RIVERSIDE CO. FLOOD CTRL. &
WATER CONSERVATION
DISTRICT on behalf of FLOOD
CONTROL ZONE 3
ELSINORE VALLEY CEMETERY
DISTRICT
By:
Its:
By:
lts:
lts:
Tax Ent. Compensation Agt 't 13016
Dated:
Dated:
Dated:
Dated:
By:
Its:
ELSINORE VALLEY MUNICIPAL
WATER DISTRICT
By:
Its:
WESTERN MUNICIPAL WATER
DISTRICT OF RIVERSIDE
COUNTY on behalf of WESTERN
MUNICIPAL WATER
WESTERN MUNICIPAL WATER
DISTRICT OF RIVERSIDE COUNTY
on behalf of WESTERN MUNICIPAL
WATER IST FRINGE
By:
Its:
RIVERSIDE CORONA RESOURCE
CONSERVATION DISTRICT
By:
Its:
Tax Ent. Compensation Agt 1 '13016
EXHIBTT A
Mr. Paul Angulo, Auditor-Controller
Riverside County
Auditor-Controller's Offi ce
4080 Lemon St, l lth floor
Riverside, CA 92502-0868
Mr. Rob Field, Asst. Co. Exec. Officer/Economic Development Agency
Riverside County Library System
EDA, Cultural Services
3403 loth Street, Suite 400
Riverside, CA9250l
Mr. John R. Hawkins, Fire Chief
Riverside County Fire Department
Adm inistration and Operations
210 W. San Jacinto Avenue
Perris, CA 92570
Mr. Grant Yates, City Manager
City of Lake Elsinore
City Administration
130 South Main Street
Lake Elsinore, CA 92530
Mr. Doug Kimberly, Ed. D., Superintendent
Lake Elsinore Unified School District
Office of Superintendent
545 Chaney Street
Lake Elsinore, CA 92530-2723
Mr. Roger W. Schultz, Superintendent/President
Mt. San Jacinto College
Administration
1499 North State Street
San Jacinto, CA 92583-2399
EXHIBIT A
Page 1
Tax Ent. Compensation Agt 113016
Ms. Judy D. White, Ed.D., Superintendent
Riverside County Office of Education
Offi ce of Superintendent
3939 Thirteenth Street
Riverside, CA 92501
Mr. Scott Bangle, General Manager
Riverside County Parks District
Executive Team
4600 Crestmore Road
Riverside, CA 92509-6858
Jason E. Uhley, General Mgr.- Chief Engineer Riverside Co.
Flood Ctrl. & Water Conservation District Office 1995
Market Street
Riverside, CA9250l
Ms. Denice Enochs, District Manager
Elsinore Valley Cemetery District
District Office
I 8170 Collier Avenue
Lake Elsinore, CA 92530
Mr. fohn D, Vega, General Manager
Elsinore Valley Municipal Water District
Administration
31315 Chaney Street
Lake Elsinore, CA 92531
EXHIBIT A
Page 2
Tax Ent. Compensation Agt 1 13016
Mr. John V. Rossi, General Manager
Western Municipal Water District of Riverside County
Management
14205 Meridian Parkway
Riverside, CA 92518
Ms. Shelli Lamb, District Manager
Riverside Corona Resource Conservation District
District Office
4500 Glenwood Drive, Bldg. A
Riverside, CA9250l
EXHIBIT A
Page 3
Tax Ent. Compensation Agt 1 1 3016
EXHIBIT B
ILLUSTRATTVE TAXTNG ENTITIES APPLICABLE
SHARES OF PROPERTY TAXES
Taxine Entitv/Fund
Riverside County General
County Free Library
County Stn"rcture Fire Protection
Lake Elsinore General Fund
Lake Elsinore Unified School District
Mt. San Jacinto Junior College
Elsinore Area Elementary School Fund
Riverside County Office of Education
Riverside Co. Regional Park & Open Space
Flood Control Adm inistration
Flood Control Zone 3
Elsinore Valley Cemetery
Elsinore Valley Municipal Water
Western Municipal Water
Western Municipal Water I't Fringe
Riverside Corona Resource Conservation
Pronertv Tax Share
ll.060/o
l.20Yo
4.89%
l0.l7o/o
39.94%
4.80Yo
8.75o/o
4.94Yo
0.27Yo
0.20Yo
2.79o/o
0.83o/o
9.04%
1.08%
0.03%
0.01%
Tax Ent. Compensation Agt 1 13016 EXHIBIT B
Map lD ll4; #45; #4,6; l*l &
#48:
Held For Development - RFP
APN:tt44:374271-003
H5: 374-271-004
It46: 374-271-007
#47:374-271-013
l,4,8:37*27'l-015
Address:N/A
Lot Size:#4'l: .38 acres
#45: .76 acres
#46:4.62t acres
#47: .09 acres
#48: .23 acres
Land Use/Zoning:Residential Mixed Use
Acquisition Date (AD):02t27t08
Acquisition Purpose:Potential Civic Center Site
Purchase Price/Value @ AD:$4,150,000
Est. Current Value:Unknown
Est. nevenues & contract
obligations re revenues:
None
Environmental
Contamination History:
Unknown
Potential transit oriented
development (TOD) and
advancement of planning
objectives of Successor
Agency:
Parcels represent key connector between Historic Downtown and Lake
and should be developed consistent with the Downtown Master Plan
and the Successor Agency's land use objectives aimed at revitalizing
the Downtown and emphasizing the Lake as a focal poinUfeature of the
City's landscape and sports related economic and tourism activity.
History Previous
Development
Proposals/Activity:
Previous residential development proposals stalled and were not
pursued by previous owner or potential buyers. Agency acquired for
redevelopment purposes as a key site for connecting the Downtown to
the Lake.
Proposed Use/Disposition :The Site offers key economic development potential and should be held
for development pursuant to a carefully developed RFP consistent with
the Downtown Master Plan.
Notes:The Parcels should be merged into a single developable parcel and
adjacent City-owned property should be evaluated for inclusion in the
RFP.
The Successor Agency will enter into a compensation agreement with
the affected taxing entities prior to Oversight Board approval of the
transfer of the property to the City for future development.
-\N
0 0.00s.01 MrLES
CITY OF LAKE ELSINORE
AERIAL VIEW
RDA OwNED PRoPERTIES
IDS 44 - 48
-\N
0 0.005 0.01 MrLES
l-t
CITY OF LAKE ELSINORE
AERIAL VIEW
RDA OWNED PROPERTIES
ID 56
I
,Ilt(!
v
,,
,7
,
'\.,*
-'4l-
,
/,t,
. -ls
, .C-:_-,
/ -.: .4{
,
Yi-:,A--CIfi oF LAKE EI,SINoRE
AERIAL VIEw
RDA OWNED PROPEITTIES
.',y'-. ,&f-ti-. '1'!r -\'' tra€=#--:.---::
AKE ELSINORE, COUN.r/ OF
t-_--_--
IDS 3 - 7