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Oversight Board Regular Agenda Packet 01-27-2016
�.tlY Uh s.ce.. LIKE LSfIVC71�L. �:'Cd U0.1: �• City of Lake Elsinore Regular Agenda Oversight Board GENIE KELLEY, CHAIR GEORGE LANDON, VICE CHAIR PHIL WILLIAMS, BOARD MEMBER MICHAEL WILLIAMS, BOARD MEMBER KEVIN JEFFRIES, BOARD MEMBER NANCY LASSEY, BOARD MEMBER BRIAN TISDALE, BOARD MEMBER LAKE-ELSINORE.ORG (951) 674-3124 PHONE CULTURAL CENTER 183 N. MAIN STREET LAKE ELSINORE, CA 92530 Wednesday, January 27, 2016 4:00 PM Cultural Center The agenda is posted 72 hours prior to each meeting outside of the Lake Elsinore City Hall located at 130 South Main Street and is available at each meeting. The agenda and related reports are also available at the Lake Elsinore City Clerk's Department on the Friday prior to the Oversight Board meeting and are available on the City's website at www.lake-elsinore.org. Any writing distributed within 72 hours of the meeting will be made available to the public at the time it is distributed to the Oversight Board. In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the Community Development Department at (951) 674-3124, ext. 289, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility. CALL TO ORDER - 4:00 P.M. PLEDGE OF ALLEGIANCE ROLL CALL PUBLIC COMMENTS - NON AGENDIZED ITEMS - 3 MINUTES (Please read & complete a form request to address the Oversight Board prior to the start of the Oversight Board meeting and submit it to the Clerk. The Chair or Clerk will call on you to speak when your item is called.) CONSENT CALENDAR ITEM(S) 1) ID# 16-036 Approval of Minutes Recommendation: It is recommended that the Oversight Board approve the minutes of: Oversight Board Special Meeting September 22, 2015 Attachments: OB SR- Approving 092215 Minutes 012716 Meeting Min utes22-S E P-2015-12-45-22 City o/ Lake Elsinore Page 1 Printed on 1/27/2016 Oversight Board Regular Agenda January 27, 2016 2) ID# 16-037 Warrant Lists Recommendation: That the Oversight Board receive and file the attached Successor Agency December 2015 Warrant lists. Attachments: OB SR- Warrant Lists 012716 SA RDA Staff Report 1-12-16 wl 12100115 3) ID# 16-038 Investment Reports - July 2015, August 2015 and September 2015 Recommendation: That the Oversight Board receive and file the attached July 2015, August 2015 and September 2015 Successor Agency Investment Report Summaries. Attachments: BUSINESS ITEM(S) OB SR- Investment Report 012716 SA RDA Investment Staff Re ort 2016-01-12 SA Investment Report 2015-07 SA Investment Report 2015-08 SA Investment Report 2015-09 4) ID# 16-039 Recognized Obligation Payment Schedule (ROPS 16-17) For July 1, 2016 Through June 30, 2017 Recommendation, It is recommended that the Oversight Board approve and adopt: Resolution No. OB -2016-001 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 16-17) FOR JULY 1, 2016 THROUGH JUNE 30, 2017. Attachments: OB Staff Report - Adoption of July 2016 - June 2017 ROPS 16-17 OB Reso #2016-001 Re Adopting ROPS 16-17 July 2016 to June 2017 Lake Elsinore ROPS16-17 DRAFT v5 5) ID# 16-040 Transfer of Governmental Purpose Properties to the City of Lake Elsinore in accordance with Health & Safety Code Section 34181(a) Recommendation, It is recommended the Oversight Board approve and adopt: Resolution No. OB -2016-002 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE. TRANSFER OF GOVERNMENTAL PURPOSE PROPERTIES TO THE CITY OF LAKE ELSINORE IN ACCORDANCE WITH HEALTH & SAFETY CODE SECTION 34181(a). Attachments: OB Staff Report - Transfer of Governmental Purpose Properties OB Reso approving Transfer of Govtl Purpose Properties to City. 012716 LRPMP Governmental Purpose Properties City of Lake Elsinore Page 2 Printed on 9/27/2098 Oversight Board Regular Agenda .January 27, 2016 STAFF COMMENTS BOARD MEMBER COMMENTS ADJOURNMENT The next regular Oversight Board meeting will be held on Thursday, July, 27, 2016, at the Cultural Center, 183 N. Main Street, Lake Elsinore, CA 92530. AFFIDAVIT OF POSTING I, Susan M. Domen, Clerk of the Oversight Board, do hereby affirm that a copy of the foregoing agenda was posted at City Halt, 72 hours in advance of this meeting. usan . Domen, MMC, Clerk df the Oversight Board City of Lake Elsinore Page 3 Printed on 1/22/2076 City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 www.lake-elsinore.org rt l i w Text File File Number: ID# 16-036 Agenda Date: 1/27/2016 Version: 1 Status: Approval Final In Control: Oversight Board File Type: Report Agenda Number: 1) City of Lake Elsinore Page l Printed on 112712016 OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRPERSON KELLEY AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: JANUARY 27, 2016 SUBJECT: Approval of Minutes Recommendation It is recommended that the Oversight Board approve the minutes of: a. Oversight Board Special Meeting September 22, 2015 Discussion The following Oversight Board Meeting Minute(s) are submitted for approval: a. Oversight Board Special Meeting September 22, 2015 Prepared by: Barbara Leibold, Successor Agency Counsel Attachment: September 22, 2015 Minutes City of Lake Elsinore LAKE-ELSINORE.ORG (951) 674-3124 PHONE CULTURAL CENTER 183 N. MAIN STREET L 30 t,A K 1 i,�lIiC�1�L Meeting Minutes Tuesday, September 22, 2015 3:45 PM Cultural Center Oversight Board Oversight Board Meeting Minutes September 22, 2015 CALL TO ORDER - 3:45 P.M. Chair Oster called the meeting to order at 3:47 p.m. PLEDGE OF ALLEGIANCE Vice Chair Kelley led the Pledge of Alligence. ROLL CALL PRESENT: Dave Oster, Chair Genie Kelley, Vice Chair George Landon, Board Member Nancy Lassey, Board Member Michael Williams, Board Member ABSENT: Brian Tisdale, Board Member Phil Williams, Board Member Also present: Successor Agency Counsel Leibold, Administrative Services Director Simpson, and Acting City Clerk Giron PUBLIC COMMENTS There were no members of the public appearing to speak. CONSENT CALENDAR ITEM(S) 1) Approval of Minutes It is recommended that the Oversight Board approve the minutes of: Oversight Board Special Meeting May 26, 2015 2) Investment Report -April 2015 & May 2015 It is recommended that the Oversight Board receive and file the April and May 2015 Investment Report Summaries. 3) Warrant Lists It is recommended that the Oversight Board receive and file the attached May, June, July and August 2015 Warrant lists. It was moved by Member Williams, second by Vice -Chair Kelley, and unanimously carried noting the absence of Members Tisdale and Williams, to approve the Consent Calendar. City of Lake Elsinore Page 1 Oversight Board Meeting Minutes September 22, 2015 BUSINESS ITEM(S) 4) Third Amendment (2016) To Stadium Interim Management Agreement It is recommended that the Oversight Board approve and adopt: Resolution No. OB -2015-004 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE THIRD AMENDMENT (2016) TO THE STADIUM INTERIM MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AND THE LAKE ELSINORE STORM LP Chair Oster recused himself from the Dais. Counsel Leibold provided an overview of the staff report and recommendation. Member Landon asked if Department of Finance would ever not allow the one year amendments to the agreement. Counsel Leibold responded that the Department of Finance has been comfortable and embraced the one year agreements; however, the Agency anticipates a more long term solution in addressing the ongoing operation of the stadium. It was moved by Member Lassey, seconded by Member Landon, and unanimously carried noting the absence of Members Tisdale and Williams and Chair Oster, to adopt the resolution. RESOLUTION NO. OB -2015-004: A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE THIRD AMENDMENT (2016) TO THE STADIUM INTERIM MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AN THE LAKE ELSINORE STORM LP. Counsel Leibold announced that Chair Oster recused himself from the dais due to a conflict of interest, as he is employed by the Storm. Chair Oster returned to the dais at 3:56 p.m. 5) Recognized Obligation Payment Schedule (ROPS 15-16B) For January 1, 2016 Through June 30, 2016 It is recommended that the Oversight Board approve and adopt: Resolution No. OB -2015.005 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 15-16B) FOR JANUARY 1, 2016 THROUGH JUNE 30, 2016 SUBJECT TO APPROVAL THEREOF BY THE SUCCESSOR AGENCY City of Lake Elsinore Page 2 Oversight Board Meeting Minutes September 22, 2015 Administrative Services Director Simpson provided an overview staff report and reviewed the Recognized Obligation Payment Schedule. It was moved by Member Williams, seconded by Member Landon, and unanimously carried noting the absence of Members Tisdale and Williams, to adopt the resolution. RESOLUTION NO. OB -2015-005: A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 15-16B) FOR JANUARY 1, 2016 THROUGH JUNE 30, 2016, SUBJECT TO APPROVAL THEREOF BY THE SUCCESSOR AGENCY. STAFF COMMENTS Counsel Leibold reviewed the changes in legislation regarding the dissolution act of the Oversight Board for the former Redevelopment Agency and stated that she will provide the Board with a summary of the provisions by email. BOARD MEMBER COMMENTS There were no comments received by the Board Members. ADJOURNMENT Chair Oster adjourned the meeting at 4:05 pm. to the regular Oversight Board meeting to be held on Tuesday, December 8, 2015, at the Cultural Center, 183 N. Main Street, Lake Elsinore, California 92530. Genie Kelley, Chair ATTEST: Susan M. Domen, MMC City Clerk City of Lake Elsinore Page 3 Agenda Date: 1/27/2016 In Control: Oversight Board Agenda Number: 2) City of Lake Elsinore Text File File Number: ID# 16-037 Version:2 130 South Main Street Lake Elsinore, CA 92530 w .lake-elsinore.org Status: Approval Final File Type: Report City o'Lake Elsinore Page 7 Printed on 1127/2010 OVERSIGHT BOARD OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRPERSON KELLEY AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: JANUARY 27, 2016 SUBJECT: Warrant Lists Recommendation: That the Oversight Board receive and file the attached Successor Agency December 2015 Warrant lists. Discussion: The warrant list is a listing of all general checks issued by the Successor Agency. Attached are warrant lists for all disbursements made by the Successor Agency for December 2015. All checks issued are for items reflected on the Recognized Obligations Payment Schedule (ROPS) adopted by the Successor Agency and the Oversight Board and do not represent expenditures for any new items. Prepared by: Barbara Leibold, Successor Agency Counsel Attachments: Warrant Summary/List dated December 10, 2015 Warrant Summary/List dated December 31, 2015 L L I>1t1:Atvt f�i`TR1:ML REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: HONORABLE AGENCY CHAIRMAN AND MEMBERS OF THE SUCCESSOR AGENCY FROM: GRANT YATES EXECUTIVE DIRECTOR DATE: JANUARY 12, 2016 SUBJECT: WARRANT LIST DATED DECEMBER 10&31,2015 Recommendation It is recommended that the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore receive and file the Warrant List dated December 10 & 31, 2015. Discussion The warrant list is a listing of all general checks issued by the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore since the prior Warrant List. Prepared By: Frances Ramirez Account Specialist II Reviewed By: Jason Simpson Administrative Services Director Approved By: Grant Yates City Manager Attachments: Warrant List 12-10 & 31-15 DECEMBER BER 10, 2015 WARRANT SUMMARY SUCCESSOR ,civic NIS ME ;E v� Mc � �cE�vc x F riIF CITY OF LA ME ,ELLS I ISI RIE 510 SUCCESSOR TO RDA AREA 1 520 SUCCESSOR TO RDA AREA 2 530 SUCCESSOR TO RDA AREA 3 540 SUCCESSOR STADIUM CAPITAL 437,004.00 437 004.00 437 004.00 28,116.29 GRAND TOTAL $ 1,339,128.29 114/2016 Warrant 12 10 15 SA RDA 1 of 1 DECEMBER 10, 2015 WARRANT ;LIST SUCCESSOR AGENCY 01F ,FJ ,1:'E REDEVELOPMENT AGENCY OF TFEE E CITY O F LAKE E LS I N GSR CCHLCx# VENDOR NAME AMOUNT 124258 MICHAEL PAUL MAPLES $ 4,350.00 124289 CITY OF LAKE ELSINORE 1,311,012.00 124324 LAKE ELSINORE STORM, LP 23,567.50 124346 SOUTHERN CALIFORNIA EDISON 198.79 GRAND TOTAL $ 1,339,128.29 1/4/2016 Warrant 12 10 15 SA RDA 1 of 1 I)ECEMI BER 31, 2015 WARRANT SUMMARY SUCCESSOR AGENCY OF `-HIE REDEVELOPMENT AGENCY OF THE CITY OF LAKE E LSIN O IZ',E T17ND# TUND I)ESCRIFT'ION TO -FAL 510 SUCCESSOR TO RDA AREA 1 $ 333.34 520 SUCCESSOR TO RDA AREA 2 333.33 530 SUCCESSOR TO RDA AREA 3 333.33 540 SUCCESSOR STADIUM CAPITAL 19,710.38 GRAND TOTAL $ 20,710.38 1/4/2016 Warrant 12 31 15 SA RDA 1 of 1 DECEMBER 31, 2015 WARRAN"T US"1 SUCCESSOR AGENCY OF "THE 'REDE'VE1LOPI EN'T AGENCY C>E '1 F1E CITY OT ;LAK1E E;'LS111NOR,F Cl VENDOR NAME AMOUN' 124431 PROSTAFF, LLC $ 8,510.00 124482 LAKE ELSINORE STORM, LP 11,000.00 124517 FIRST AMERICAN TITLE COMPANY 1,000.00 124546 SOUTHERN CALIFORNIA EDISON 200.38 GRAND TOTAL $ 20,710.38 1/4/2016 Warrant 12 31 15 SA RDA 1 of 1 Agenda Date: 1/27/2016 In Control: Oversight Board Agenda Number: 3) City of Lake Elsinore Text File 91 GL RI ii i1IT7 I I1F.Ssi [-Srkil Version: 1 130 South Main Street Lake Elsinore, CA 92530 wwvd.lake-elsinore.org Status: Approval Final File Type: Report City of Lake Elsinore Page 1 Printed on 1/27/2016 OVERSIGHT BOARD OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRPERSON KELLEY AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: JANUARY 27, 2016 SUBJECT: Investment Reports - July 2015, August 2015 and September 2015 Recommendation: That the Oversight Board receive and file the attached July 2015, August 2015 and September 2015 Successor Agency Investment Report Summaries. Discussion: Attached are the Investment Report Summaries of Pooled Cash and Investments of the Successor Agency for July 2015, August 2015 and September 2015. Prepared by: Barbara Leibold, Successor Agency Counsel Attachment: Investment Report Summaries — July 2015 August 2015 September 2015 CITY OF ice. LADE L LSI I`IOIZE *j*z;p DREAM EXTREME. REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: HONORABLE AGENCY CHAIRMAN AND MEMBERS OF THE SUCCESSOR AGENCY FROM: GRANT M. YATES EXECUTIVE DIRECTOR DATE: JANUARY 12, 2016 SUBJECT: INVESTMENT REPORT Recommendation Staff recommends that the Members of the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore receive and file the Investment Report for July, August and September 2015. Discussion The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report. Prepared By: Nancy L. Lassey Finance Administrator Approved By: Jason P. Simpson Director of Administrative Services Approved By: Grant M. Yates Executive Director Attachments: Investment Report for July 2015 Investment Report for August 2015 Investment Report for September 2015 INVESTMENTS City Investments: City Local Agency Investment Fund 11,834,021 - - 11,834,021 City Local Agency Investment Fund for the PFA 329,037 - - 329,037 City CAMP Investments: CITY OF LAKE ELSINORE CAMP Pool Account INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS - 111,134 U,S. Treasury Bond / Note 10,793,007 - AS OF JULY 31, 2015 Municipal Bond / Note 290,464 - - 290,464 BANK DEPOSITS OUTSTANDING 136,350 - BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: - 8,763,808 Certificate of Deposit 2,800,000 - General Checking Account $ 11,376,160 If 134,383 $ (1,528,873) $ 9,981,670 Cash On Hand: 29,799 - - 29,799 Housing U.S. Treasury Bond / Notes Cashier Drawers #1 & 92 - - - 300 City of Lake Elsinore Petty Cash Fund Housing Federal Agency Collateralized Mortgage 25,250 - 1,000 Total Cash Accounts 11,376,160 134,383 (1,528,873) 9,982,970 INVESTMENTS City Investments: City Local Agency Investment Fund 11,834,021 - - 11,834,021 City Local Agency Investment Fund for the PFA 329,037 - - 329,037 City CAMP Investments: CAMP Pool Account 111,134 - - 111,134 U,S. Treasury Bond / Note 10,793,007 - - 10,793,007 Municipal Bond / Note 290,464 - - 290,464 Federal Agency Collateralized Mortgage Obligation 136,350 - - 136,350 Federal Agency Bond/Note 6,528,620 - - 6,528,620 Corporate Note 8,763,808 - - 8,763,808 Certificate of Deposit 2,800,000 - - 2,800,000 Housing CAMP Investments: Housing CAMP Pool Account 29,799 - - 29,799 Housing U.S. Treasury Bond / Notes 2,217,509 - - 2,217,509 Housing Municipal Bond / Notes 30,084 - - 30,084 Housing Federal Agency Collateralized Mortgage 25,250 - - 25,250 Housing Federal Agency Bond / Notes 1,039,303 - - 1,039,303 Housing Corporate Notes 1,452,808 - - 1,452,808 Housing Certificate of Deposit 200,000 - - 200,000 Successor Investments: Successor Local Agency Investment Fund 90,289 - - 90,289 Successor CAMP Investments. Successor CAMP Pool Account 61,818 - - 61,818 Successor U.S. Treasury Bond / Notes 2,283,119 - - 2,283,119 Successor Municipal Bond / notes 30,084 - - 30,084 Successor Federal Agency Collaterized Mortgage 25,250 - - 25,250 Successor Federal Agency Bond / Notes 1,163,811 - - 1,163,811 Successor Corporate Notes 1,418,196 - - 1,418,196 Successor Certificate of Deposit 200,000 200,000 Sub -total Investments 51,853,760 - - 51,853,760 Market Value Adjustment: Unrealized Gain/ (Loss) at 06-30-15 City 4,631 - - 4,631 Unrealized Gain/ (Loss) at 06-30-15 SARDA 13,632 13,632 Total Unrealized Gain/ (Loss) at 06-30-15 per GASB 31 18,263 - - 18,263 Total Investments Total Pooled Cash and Investments TOTAL POOLED CASH AND INVESTMENTS 51,872,023 51,872,023 $ 63,248,183 $ 134,383 $ (1,528,873) $ 61,854,993 $ 61,854 993 I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 9, 2015. A copy of this policy is available in the office of the City Clerk, The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P. Simpson December 21, 2015 Director of Administrative Services Date CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING JULY 31, 2015 Interest Rate Purchase Date Maturity Rate 0.320% Daily 24 -Hour Agency Beginning Balance Net Increase/(Decrease) Ending Balance City $ 11,834,021 $ $ 11,834,021 City for the PFA $ 329,037 $ $ 329,037 Successor Agency $ 90,289 $ $ 90,289 Total Investments Held with Local Agency Investment Fund: $ 12,253,347 $ $ 12,253,347 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF JULY 31, 2015 FUND NO FUND NAME AMOUNT 100 General Fund $ 13,718,171 101 Supplemental Law Enforcement Fund 8,333 104 Traffic Offender Fund 8,837 106 Affordable Housing In Lieu Fund 2,422,495 107 Developer Agreement Revenue 1,231,379 110 State Gas Tax Fund 1,466,459 112 Transportation/Measure A Fund 823,267 114 SB1186 CASP Education Program Fund 3,927 116 City Hall -Public Works DIF Fund 963,048 117 Community Center DIF Fund 395,096 118 Lake Side Facility DIF Fund 697,789 120 Camino Del Norte DIF 36,424 121 T.R.I.P.-2014A 558,771 130 Lighting & Landscape Maintenance Fund - City-wide 15,031 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 364,600 140 Geothermal Fund 19,538 155 CSA152 -- N.P.D.E.S. 95,730 201 Street C.I.P. Fund 97 204 Signal C.I.P. Fund 800 205 Traffic Impact Fee Fund 3,187,152 211 Storm Drain C.I.P. Fund 3,425,563 221 Quimby Park C.I.P. Fund 21,998 231 Library C.I.P. Fund 1,626,847 232 City Fire Protection Fund 22,637 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253 268 CFD 2006-2 Viscaya Improvement 215 271 CFD 2005-1 Serenity Improvement 170 310 Support Service Fund 728 330 CFD 2015-2 Maintenance Services 4,992 332 CFD 2006-1 Improvement Area B, Summerly 75,880 342 CFD 2007-5 Red Kite Service Fund 1,316 343 CFD 2006-2S Viscaya Services 395 345 CFD 2003-2S Improvement Area D, Canyon Hills 195,352 346 CFD 2014-1 Southshore Debt Service Fund 61,877 347 CFD 2006-1 Improvement Area A, Summerly 30,644 348 CFD 2003-2 Improvement Area C, Canyon Hills 84,587 349 CFD 88-3 (201313) Debt Service Fund 42,204 350 CFD 98-1 Summerhill Debt Service Fund 164,075 352 AD 86-1 Debt Service Fund 627,992 354 CFD 90-2 Successor RDA Debt Service Fund 118,254 357 CFD 2003-2 Canyon Hills Debt Service Fund 113,505 366 CFD 2005-6 City Center Townhomes Debt Service Fund 32,380 367 CFD 2005-3 Summerly Debt Service Fund 88,264 368 CFD 2006-2 Viscaya Debt Service Fund 107,049 369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 92,527 3 of 5 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF JULY 31, 2015 FUND NO FUND NAME 371 CFD 2005-1 Serenity Debt Service Fund 372 CFD 2005-2 Alberhill Ranch Debt Service Fund 374 CFD 2005-4 Lakeview Villas Debt Service Fund 375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 376 CFD 2006-3 La Strada Debt Service Fund 377 CFD 2006-6 Tessara Debt Service Fund 378 CFD 2006-8 Tract No. 31957 Debt Service Fund 382 CFD 2006-9 Trieste Debt Service Fund 384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 386 CFD 2007-4 Mekenna Debt Service Fund 387 CFD 2007-5 Red Kite Debt Service Fund 388 CFD 2007-6 Holiday Inn Debt Service Fund 392 CFD 95-1 City Center Debt Service Fund 393 AD 93-1 Debt Service Fund 394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 510 Successor Agency RDA Area 1 520 Successor Agency RDA Area 11 530 Successor Agency RDA Area III 540 Successor Agency RDA Diamond Stadium 604 Endowment Trust Fund 605 Public Improvement Trust Fund 606 Mobile Source Air Polution Reduction Fund 608 Trust Deposit & Pre Paid Expense Fund 617 Successor Agency Housing Fund 620 Cost Recovery System Fund 631 Lake Destratification Equipment Replacement Fund 650 CFD 2003-1 Law & Fire Service Fund 651 CFD 2006-5 Park & Open Space Service Fund 652 CFD 2007-1 Law & Fire Service Fund 653 CFD 2009-1 Parks & Lighting Service Fund 654 CFD 2003-2S Fire Service Fund 723 LEPFA 2008 Series A 731 LEPFA 2011 Series B 734 LEPFA 2013 Series C 780 LEPFA General Total Pooled Cash & Investments 4 of AMOUNT 108,105 413,570 45,367 17,714 22,688 10,021 47,221 31,477 276,092 368,940 10,491 60,462 3,792 29,482 97,544 215,698 3,027,675 5,286,982 1,743,887 1,943,212 10,979 779,424 152,795 1,317,750 10,913,703 1,163,220 160,923 750 1,250 750 1,250 1,250 3,576 2,706 408,367 93,231 $ 61,854,993 INVESTMENTS City Investments: City Local Agency Investment Fund 11,834,021 City Local Agency Investment Fund for the PFA 329,037 11,834,021 329,037 City CAMP Investments: CITY OF LAKE ELSINORE CAMP Pool Account INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS - 136,306 U.S. Treasury Bond / Note 10,793,007 - AS OF AUGUST 31, 2015 Municipal Bond / Note 290,464 - - 290,464 BANK DEPOSITS OUTSTANDING 136,350 - BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: - 8,763,808 Certificate of Deposit 2,800,000 - General Checking Account $ 6,406,334 $ 387,667 $ (2,510,586) $ 4,283,415 Cash On Hand: 32,946 - 32,946 Housing U.S. Treasury Bond / Notes Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund Housing Federal Agency Collateralized Mortgage 25,250 - 1,000 Total Cash Accounts 6,406,334 387,667 (2,510,586) 4,284,715 INVESTMENTS City Investments: City Local Agency Investment Fund 11,834,021 City Local Agency Investment Fund for the PFA 329,037 11,834,021 329,037 City CAMP Investments: CAMP Pool Account 136,306 - - 136,306 U.S. Treasury Bond / Note 10,793,007 - - 10,793,007 Municipal Bond / Note 290,464 - - 290,464 Federal Agency Collateralized Mortgage Obligation 136,350 - - 136,350 Federal Agency Bond/Note 6,528,620 - - 6,528,620 Corporate Note 8,763,808 - - 8,763,808 Certificate of Deposit 2,800,000 - - 2,800,000 Housing CAMP Investments. Housing CAMP Pool Account 32,946 - 32,946 Housing U.S. Treasury Bond / Notes 2,217,509 - - 2,217,509 Housing Municipal Bond / Notes 30,084 - - 30,084 Housing Federal Agency Collateralized Mortgage 25,250 - - 25,250 Housing Federal Agency Bond / Notes 1,039,303 - - 1,039,303 Housing Corporate Notes 1,452,808 - - 1,452,808 Housing Certificate of Deposit 200,000 - - 200,000 Successor Investments: Successor Local Agency Investment Fund 90,289 - - 90,289 Successor CAMP Investments: Successor CAMP Pool Account 66,899 - 66,899 Successor U.S. Treasury Bond / Notes 2,283,119 - - 2,283,119 Successor Municipal Bond / notes 30,084 - - 30,084 Successor Federal Agency Collaterized Mortgage 25,250 - - 25,250 Successor Federal Agency Bond / Notes 1,163,811 - - 1,163,811 Successor Corporate Notes 1,418,196 - - 1,418,196 Successor Certificate of Deposit 200,000 200,000 Subtotal Investments 51,887,160 - - 51,887,160 Market Value Adjustment: Unrealized Gain/ (Loss) at 06-30-15 City 4,631 - - 4,631 Unrealized Gain/ (Loss) at 06-30-15 SARDA 13,632 13,632 Total Unrealized Gain/ (Loss) at 06-30-15 per GASB 31 18,263 - - 18,263 Total Investments Total Pooled Cash and Investments TOTAL POOLED CASH AND INVESTMENTS 51,905,423 51,905,423 $ 58,311,757 $ 387,667 $ (2,510,586) $ 66,190,138 It 56,190,138 I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 9, 2015. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P. Simpson December 23, 2015 Director of Administrative Services Date CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING AUGUST 31, 2015 Interest Rate Purchase Date Maturity Rate 0.330% Daily 24 -Hour Agency Beginning Balance Net Increase/(Decrease) Ending Balance City $ 11,834,021 $ $ 11,834,021 City for the PFA $ 329,037 $ $ 329,037 Successor Agency $ 90,289 $ $ 90,289 Total Investments Held with Local Agency Investment Fund: $ 12,253,347 $ $ 12,253,347 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF AUGUST 31, 2015 FUND NO FUND NAME AMOUNT 100 General Fund $ 10,389,640 101 Supplemental Law Enforcement Fund 16,667 104 Traffic Offender Fund 14,337 106 Affordable Housing In Lieu Fund 2,441,482 107 Developer Agreement Revenue 1,311,379 110 State Gas Tax Fund 1,437,065 112 Measure A Fund 927,621 114 SB1186 CASP Education Program Fund 4,131 115 Traffic Safety Fund 31,288 116 City Hall -Public Works DIF Fund 967,902 117 Community Center DIF Fund 398,366 118 Lake Side Facility DIF Fund 694,809 120 Camino Del Norte DIF 36,424 121 T.R.I.P.-2014A 558,021 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 358,851 140 Geothermal Fund 19,538 155 CSA152 -- N.P.D.E.S. 94,650 201 Street C.I.P. Fund 97 204 Signal C.I.P. Fund 800 205 Traffic Impact Fee Fund 3,196,735 211 Storm Drain C.I.P. Fund 3,426,218 221 Quimby Park C.I.P. Fund 21,998 231 Library C.I.P. Fund 1,639,747 232 City Fire Protection Fund 27,143 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253 268 CFD 2006-2 Viscaya Improvement 215 271 CFD 2005-1 Serenity Improvement 170 330 CFD 2015-2 Maintenance Services 4,992 332 CFD 2006-1 Improvement Area B, Summerly 46,971 342 CFD 2007-5 Red Kite Service Fund 1,316 343 CFD 2006-25 Viscaya Services 395 345 CFD 2003-2S Improvement Area D, Canyon Hills 195,072 346 CFD 2014-1 Southshore Debt Service Fund 61,877 347 CFD 2006-1 Improvement Area A, Summary 30,399 348 CFD 2003-2 Improvement Area C, Canyon Hills 84,552 349 CFD 88-3 (2013B) Debt Service Fund 41,899 350 CFD 98-1 Summerhill Debt Service Fund 162,490 352 AD 86-1 Debt Service Fund 627,992 354 CFD 90-2 Successor RDA Debt Service Fund 118,064 357 CFD 2003-2 Canyon Hills Debt Service Fund 317,694 366 CFD 2005-6 City Center Townhomes Debt Service Fund 26,959 367 CFD 2005-3 Summerly Debt Service Fund 88,264 368 CFD 2006-2 Viscaya Debt Service Fund 103,477 369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 91,977 3of5 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF AUGUST 31, 2015 FUND NO FUND NAME 371 CFD 2005-1 Serenity Debt Service Fund 372 CFD 2005-2 Alberhill Ranch Debt Service Fund 374 CFD 2005-4 Lakeview Villas Debt Service Fund 375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 376 CFD 2006-3 La Strada Debt Service Fund 377 CFD 2006-6 Tessara Debt Service Fund 378 CFD 2006-8 Tract No. 31957 Debt Service Fund 382 CFD 2006-9 Trieste Debt Service Fund 384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 386 CFD 2007-4 Mekenna Debt Service Fund 387 CFD 2007-5 Red Kite Debt Service Fund 388 CFD 2007-6 Holiday Inn Debt Service Fund 392 CFD 95-1 City Center Debt Service Fund 393 AD 93-1 Debt Service Fund 394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 510 Successor Agency RDA Area 1 520 Successor Agency RDA Area II 530 Successor Agency RDA Area III 540 Successor Area RDA Diamond Stadium 604 Endowment Trust Fund 605 Public Improvement Trust Fund 606 Mobile Source Air Polution Reduction Fund 608 Trust Deposit & Pre Paid Expense Fund 617 Successor Agency Housing Fund 620 Cost Recovery System Fund 631 Lake Destratification Equipment Replacement Fund 650 CFD 2003-1 Law & Fire Service Fund 651 CFD 2006-5 Park & Open Space Service Fund 652 CFD 2007-1 Law & Fire Service Fund 653 CFD 2009-1 Parks & Lighting Service Fund 654 CFD 2003-2S Fire Service Fund 723 LEPFA 2008 Series A 731 LEPFA 2011 Series B 734 LEPFA 2013 Series C 780 LEPFA General Total Pooled Cash & Investments 4 of 5 AMOUNT 108,105 411,577 45,367 17,714 22,688 10,021 47,221 31,477 273,137 363,896 10,491 60,462 3,792 27,185 20,875 215,533 1,728,756 4,308,735 1,412,910 1,936,468 10,979 779,424 171,260 1,319,740 10,905,089 1,110,578 177,590 750 1,250 750 1,250 1,250 3,576 2,706 408,367 93,231 $ 56,190,138 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF SEPTEMBER 30, 2015 Successor CAMP Investments: Successor CAMP Pool Account 104,087 Successor U.S. Treasury Bond / Notes 2,333,314 Successor Municipal Bond / notes 30,084 Successor Federal Agency Collaterized Mortgage 25,250 Successor Federal Agency Bond / Notes 1,163,811 Successor Corporate Notes 1,339,397 Successor Certificate of Deposit 200,000 Sub -total Investments 51,948,485 Market Value Adjustment: Unrealized Gain/ (Loss) at 06-30-15 City 4,631 Unrealized Gain/ (Loss) at 06-30-15 SARDA 13,632 Total Unrealized Gain/ (Loss) at 06-30-15 per GASB 31 18,263 Total Investments Total Pooled Cash and Investments TOTAL POOLED CASH AND INVESTMENTS 51,966,748 104,087 2,333,314 30,084 25,250 1,163,811 1,339,397 200,000 51,948,485 4,631 13,632 18,263 51,966,748 $ 57,122,282 $ 15,020 $ (165,472) $ 56,973,130 $ 56,973130 I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 9, 2015. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P. Simpson January 4, 2015 Director of Administrative Services Date BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account $ 5,155,534 $ 15,020 $ (165,472) $ 5,005,082 Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund 1,000 Total Cash Accounts 5,155,534 15,020 (165,472) 5,006,382 INVESTMENTS City Investments: City Local Agency Investment Fund 11,834,021 - - 11,834,021 City Local Agency Investment Fund for the PFA 329,037 - - 329,037 City CAMP Investments: CAMP Pool Account 131,742 - - 131,742 U.S. Treasury Bond / Note 10,909,142 - - 10,909,142 Municipal Bond / Note 290,464 - - 290,464 Federal Agency Collateralized Mortgage Obligation 136,350 - - 136,350 Federal Agency Bond/Note 6,528,620 - - 6,528,620 Corporate Note 8,695,417 - - 8,695,417 Certificate of Deposit 2,800,000 - - 2,800,000 Housing CAMP Investments: Housing CAMP Pool Account 71,367 - - 71,367 Housing U.S. Treasury Bond / Notes 2,217,509 - - 2,217,509 Housing Municipal Bond / Notes 30,084 - - 30,084 Housing Federal Agency Collateralized Mortgage 25,250 - - 25,250 Housing Federal Agency Bond / Notes 1,039,303 - - 1,039,303 Housing Corporate Notes 1,423,949 - - 1,423,949 Housing Certificate of Deposit 200,000 - - 200,000 Successor Investments: Successor Local Agency Investment Fund 90,289 - - 90,289 Successor CAMP Investments: Successor CAMP Pool Account 104,087 Successor U.S. Treasury Bond / Notes 2,333,314 Successor Municipal Bond / notes 30,084 Successor Federal Agency Collaterized Mortgage 25,250 Successor Federal Agency Bond / Notes 1,163,811 Successor Corporate Notes 1,339,397 Successor Certificate of Deposit 200,000 Sub -total Investments 51,948,485 Market Value Adjustment: Unrealized Gain/ (Loss) at 06-30-15 City 4,631 Unrealized Gain/ (Loss) at 06-30-15 SARDA 13,632 Total Unrealized Gain/ (Loss) at 06-30-15 per GASB 31 18,263 Total Investments Total Pooled Cash and Investments TOTAL POOLED CASH AND INVESTMENTS 51,966,748 104,087 2,333,314 30,084 25,250 1,163,811 1,339,397 200,000 51,948,485 4,631 13,632 18,263 51,966,748 $ 57,122,282 $ 15,020 $ (165,472) $ 56,973,130 $ 56,973130 I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 9, 2015. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P. Simpson January 4, 2015 Director of Administrative Services Date CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING SEPTEMBER 30, 2015 Interest Rate 0.337% Purchase Date Daily Maturity Rate 24 -Hour Agency Beginning Balance Net Increase/(Decrease) Ending Balance City $ 11,834,021 $ - $ 11,834,021 City for the PFA $ 329,037 $ - $ 329,037 Successor Agency $ 90,289 $ - $ 90,289 Total Investments Held with Local Agency Investment Fund: $ 12,253,347 $ - $ 12,253,347 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF SEPTEMBER 30, 2015 FUND NO FUND NAME AMOUNT 100 General Fund $ 10,268,879 101 Supplemental Law Enforcement Fund 16,667 104 Traffic Offender Fund 19,376 106 Affordable Housing In Lieu Fund 2,551,119 107 Developer Agreement Revenue 1,319,860 110 State Gas Tax Fund 1,633,269 112 Measure A Fund 930,037 114 S131186 CASP Education Program Fund 4,321 115 Traffic Safety Fund 59,563 116 City Hall -Public Works DIF Fund 998,857 117 Community Center DIF Fund 418,533 118 Lake Side Facility DIF Fund 723,981 120 Camino Del Norte DIF 36,523 121 T.R.I.P.-2014A 629,617 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 353,706 140 Geothermal Fund 19,591 155 CSA152 -- N.P.D.E.S. 94,645 201 Street C.I.P. Fund 97 204 Signal C.I.P. Fund 802 205 Traffic Impact Fee Fund 3,253,335 211 Storm Drain C.I.P. Fund 3,435,488 221 Quimby Park C.I.P. Fund 22,058 231 Library C.I.P. Fund 1,649,427 232 City Fire Protection Fund 53,521 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253 268 CFD 2006-2 Viscaya Improvement 216 271 CFD 2005-1 Serenity Improvement 171 330 CFD 2015-2 Maintenance Services 4,729 332 CFD 2006-1 Improvement Area B, Summerly 43,094 342 CFD 2007-5 Red Kite Service Fund 1,320 343 CFD 2006-2S Viscaya Services 396 345 CFD 2003-2S Improvement Area D, Canyon Hills 188,310 346 CFD 2014-1 Southshore Debt Service Fund 62,044 347 CFD 2006-1 Improvement Area A, Summerly 25,859 348 CFD 2003-2 Improvement Area C, Canyon Hills 80,476 349 CFD 88-3 (201313) Debt Service Fund 35,812 350 CFD 98-1 Summerhill Debt Service Fund 158,368 352 AD 86-1 Debt Service Fund 627,992 354 CFD 90-2 Successor RDA Debt Service Fund 112,200 357 CFD 2003-2 Canyon Hills Debt Service Fund 312,361 366 CFD 2005-6 City Center Townhomes Debt Service Fund 24,209 3of5 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF SEPTEMBER 30, 2015 FUND NO FUND NAME AMOUNT 367 CFD 2005-3 Summerly Debt Service Fund 88,503 368 CFD 2006-2 Viscaya Debt Service Fund 100,933 369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 87,245 371 CFD 2005-1 Serenity Debt Service Fund 105,570 372 CFD 2005-2 Alberhill Ranch Debt Service Fund 415,011 374 CFD 2005-4 Lakeview Villas Debt Service Fund 44,239 375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 16,511 376 CFD 2006-3 La Strada Debt Service Fund 21,498 377 CFD 2006-6 Tessara Debt Service Fund 10,048 378 CFD 2006-8 Tract No. 31957 Debt Service Fund 46,098 382 CFD 2006-9 Trieste Debt Service Fund 31,562 384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 266,795 385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 361,045 386 CFD 2007-4 Mekenna Debt Service Fund 9,268 387 CFD 2007-5 Red Kite Debt Service Fund 59,374 388 CFD 2007-6 Holiday Inn Debt Service Fund 3,803 392 CFD 95-1 City Center Debt Service Fund 24,188 393 AD 93-1 Debt Service Fund 12,895 394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 212,063 510 Successor Agency RDA Areal 1,728,106 520 Successor Agency RDA Area II 4,299,173 530 Successor Agency RDA Area III 1,408,360 540 Successor Area RDA Diamond Stadium 1,835,156 604 Endowment Trust Fund 11,009 605 Public Improvement Trust Fund 781,533 606 Mobile Source Air Polution Reduction Fund 171,707 608 Trust Deposit & Pre Paid Expense Fund 1,632,963 617 Successor Agency Housing Fund 10,935,593 620 Cost Recovery System Fund 1,269,867 631 Lake Destratification Equipment Replacement Fund 178,056 723 LEPFA 2008 Series A 3,576 731 LEPFA 2011 Series B 2,706 734 LEPFA 2013 Series C 408,367 780 LEPFA General 93,231 Total Pooled Cash & Investments $ 56,973,130 4of5 Agenda Date: 1/27/2016 In Control: Oversight Board Agenda Number: 4) City of Lake Elsinore Text File File Number: ID# 16-039 Versional 130 South Main Street Lake Elsinore, CA 92530 w .lake-elslnore.org Status: Approval Final File Type: Report City o/ Lake Elsinore Page 1 Printed on 112712016 OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRMAN KELLEY AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: JANUARY 27, 2016 SUBJECT: Recognized Obligation Payment Schedule (ROPS 16-17) For Jul 1. 2016 Throuah June 30. 2017 Recommendation It is recommended that the Oversight Board approve and adopt Resolution No. OB -2016-001 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 16-17) FOR JULY 1, 2016 THROUGH JUNE 30, 2017. Background As part of the dissolution of the former Redevelopment Agency, Health and Safety Code Section 34177 (added by AB 1X 26 and amended by AB 1484 and SB 107) requires the Successor Agency to adopt a Recognized Obligation Payment Schedule (ROPS) that lists all obligations of the former redevelopment agency that are enforceable within the meaning of subdivision (d) of Section 34171 for each six month period of each fiscal year. The Successor Agency has previously adopted ROPS for prior six-month periods. The previous ROPS have been approved by the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the State Department of Finance (DOF). SB 107, enacted in September 2016, changed the format of the ROPS from a six month period to a fiscal year format. Discussion SB 107 requires that the ROPS for July 2016 through June 2017 be submitted to DOF and the State Controller's office, after approval by the Oversight Board, no later than February 1, 2016. The DOF has five (5) days after submittal to request a review and forty-five (45) days to review the ROPS if it decides to do so. If the ROPS is not submitted by the deadline, the City is subject to a $10,000 fine for every day the ROPS is late and the administrative cost allowance for the Successor Agency is reduced by 25% after 10 days. Approval of ROPS 16-17 January 27, 2016 Page 2 The attached ROPS 16-17 for the period July 1, 2016 — June 30, 2017 follows the form prescribed by the DOF and incorporates all of the remaining obligations identified in the previous ROPS. Please note the following addition to the ROPS: • Housing Entity Administrative Cost Allowance (HEACA) (ROPS Detail Item 43) In February 2014, Governor Jerry Brown signed into law Assembly Bill 471, which made several changes to the redevelopment dissolution process, including the addition of a new "housing entity administrative cost allowance," which is defined as an amount of up to 1 percent of the property tax, but not less than $150,000, allocated to the Redevelopment Agency Retirement Fund on behalf of the successor agency for each applicable fiscal year. AB 471 provided that if a local housing authority assumed the functions of a former Redevelopment Agency, then the Successor Agency to the former Redevelopment Agency should list the HEACA on the Successor Agency's ROPS. While it is not clear that the City as Housing Successor qualifies for the HEACA, interpretation of the statute is being challenged and the Successor Agency desires to preserve its right to claim the HEACA in the event challenges to the statute are successful. The total amount of $450,000 included in Item 43 consists of three years of HEACA for fiscal years 2015, 2016 and 2017. This item was denied by the Department of Finance on the last ROPS. • Property Disposition Costs (ROPS Detail Item 43) Commencing January 1, 2016, the Successor Agency is required to commence disposition of its properties in accordance with applicable law. As a number of properties are expected to be sold or transferred in the period covered by ROPS 16-17, $75,000 has been added to the ROPS to cover appraisal, title insurance, escrow, closing and other costs of sale. Prepared By: Barbara Leibold, Successor Agency Counsel Attachments: Oversight Board Resolution No. OB -2016 - Recognized Obligation Payment Schedule of the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore for the period of July 1, 2016 through June 30, 2017 (ROPS 16-17) RESOLUTION NO. OB 2016-001 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 16-17) FOR JULY 1, 2016 THROUGH JUNE 30, 2017 WHEREAS, the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore ("Oversight Board") has been established to direct the Successor Agency to take certain actions to wind down the affairs of the former Redevelopment Agency of the City of Lake Elsinore in accordance with the California Health and Safety Code; and WHEREAS, Health and Safety Code Section 34177(0) requires the Successor Agency to prepare and adopt a "Recognized Obligation Payment Schedule" that lists all obligations of the former redevelopment agency that are enforceable within the meaning of subdivision (d) of Section 34171 for twelve month periods, beginning with the Recognized Obligation Payment Schedule for July 1, 2016 through June 30, 2016; and WHEREAS, Section 34177(0) also requires that the ROPS 16-17 for the period July 1, 2016 through June 30, 2017 must be submitted to the Department of Finance and the State Controller's office, after approval by the Oversight Board, no later than February 1, 2016 or be subject to penalties; and WHEREAS, on January 26, 2016, the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore considered approval of the Recognized Obligation Payment Schedule 16-17 for the period of July 1, 2016 through June 30, 2017; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: SECTION 1. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. The Oversight Board hereby approves the Schedule submitted concurrently herewith as the Recognized Obligation Payment Schedule 16-17 for the period of July 1, 2016 through June 30, 2017. Pursuant to Health & Safety Code Section 34173, the Successor Agency's liability, including, but not limited to, its liability for the obligations on the attached schedule, is limited to the total sum of property tax revenues it receives pursuant to Part 1.85 of AB X1 26. SECTION 3. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or OVERSIGHT BOARD RESOLUTION NO. OB 2016-001 Page 2 applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Oversight Board hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof. SECTION 4. 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 Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, held this 27th day of January, 2016. Genie Kelley, Chairperson Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore ATTEST: Susan M. Domen, MMC Oversight Board Secretary Recognized Obligation Payment Schedule (ROPS 16-17) -Summary FIIed for the July 1, 2016 enough June 30, 2017 Period Successor Agency: County: Certification of Oversight Board Chairman: Pmauant to Section 341]](0) of the Health and Sulery code, l hereby carry that the aheve is a we antl accurate Recognized Canadian Payment Schedule for the above named successor agency. W Name Title Signature Data ROPS 16-17 Current Period Re uected Funding for Enforceable Obligations SOPS Detail 16 17N Total 16478 Total Total Enforceable Obligations Funded with NOmRetleve10pment Property Tax Tnlst Fund (RPTTF) Funding A 6ou Mes(B.GD)I $ 353,649 $ 1,696,108 $ 2,009,)5] B Bond Proceeds Funding - C Reserve banana Funding fo50oD 1440.000 1545000 O Other Funding 240649 256,108 500.]s] E Enfereeabte OW.,rdwas Funded will, RPTTF Fuodl6g(F-6): $ 7,266,323 $ Al S 13,917,077 F Nen-lldmeasholeve Costs 7,o56.624 61455,101 11511725 G Ntlminislrntive Costs 211699 191,653 405.352 H Current Period Enforceable Obligations(A+E): S ]6219]2 $ 8,344,862 $ 16966836 Certification of Oversight Board Chairman: Pmauant to Section 341]](0) of the Health and Sulery code, l hereby carry that the aheve is a we antl accurate Recognized Canadian Payment Schedule for the above named successor agency. W Name Title Signature Data Lake Elsinore Recognized Obligation Payment Schedule (ROPS 16.17). Report of Cash Balances (Report Amounts In Whole Dollars) Pursuant to Health and Safety Cade section 341]] (I), Redevelopment Property Tax Trust Fund (RPTTF) may ba listed ass source of paWnent on the ROPS, but only to the extent no other funding worce Is available r when payment from property tax revenues Is requlmd by an enforceable obligation. For tipson how to mmplele the Report of Cash Balances For, sod CASH BALANCE 11P5 SHEET A 8 C O E F G H 1 Fired Sou Bond Proceeds Reaemo Balance ONer RPTTF Prior POPS Prior BOPS balae¢es RPTTF 2crimi Bonas issnetl on and MIR RPTTF tlislriM1Wetl ss Renl, Near -Adorin dr eafora ednaa rasnea on balances rva mr wwre vmma, and asapedotl(s) Cash Balance information by ROPS Porlotl 12131119 ra11er 01101/11 mialnea Interest, alc. Amain Commends ROPS16.16AActuals 0]101115-12131115 1 Beginning Available Casb 8a1ance(Aclual 0]/01115) J 909 `v6➢ 2,620,53) ]6,]62 321 479 2 Revenue/Income(Actual 12131116) RPTTF A comets should Ile Id the ROPS 15 16A dficAbution from Ibe County A dam Cdneoller during Jure 2015 9,)21 ]69 244]4] 5]8]819 3 Expenditures for RCPS 16-06A EnfomeaLlc Obligations (Actual 121)1/15) 9,321 369 41,661 1,380,900 244,242 4 ]53,943 4 Retention of Available Cash Balance(Acmal 12/311151 RPTTF amount retained stand only include due amounts distributed as AAxerv. lm (al um perlotl(s) 756652 6 ROPS 1546A RPTTF Balances Remaining No entry onsfAd 6 Ending Actual Available Cash Balance C to G=(1+2-3 -4), 1f=(1+2.3-4.5) E - 5 S 3,662,926 5 1,240533 $ 76,762 $ 158,494 ROPS 15168 Estimate 01101116-0 613 0/161 7 Beginning Available Cash Balance (Actual .1ohnit1 (C, D, E,6=4+6,F=H4+F4+F6, and H=5+6) $ - $ S 3,667,926 $ 2,037,385 E 26,762 5 158.494 8 Revenuellncome(Estimate 06/30/16) RPTTF Amount, slwultl lie to ibe ROP515-i6B catroman Tram ibe Count And For-Con4oller Burin Janus 21116 248649 5,726.998 9 Eapennnuerf-ROPS 15-168 En1omeable Obligations(Estimate 06130116) 3,625.457 348,675 245649 1924234 10 Availae Cash Balance (Estimate 06130/16) RetenRoo of bl RPTTF amdunl relained should only inclutle the amaunls tlislMNetl as e,r,afor future periodo) 1,790,264 11 Ending Estimated Available Cash Balance d+ 0.9.10) 5 5 $ 242,469 $ 1,600,710 $ 76,762 $ 156,494 Lake Elsinore Recognized Obligation Payment Schedule PROPS 16.17) - Notes July 1, 2016 through June 30, 2017 nmma o.. m.,mmom. _ Iq unt sbown'o Col mU-L_eague$175000 servetl for tlobl tl during lM1e ROP51]-0fiA Periotl -- - 2 Amountsbovr In Cal U aides 5322500 reserved for debt sere—roued1rnglh ROPS1718-A Paiskid hwn'nCl U'ndutle55635000 senetl for debt I tlwin9lhe ftOPS 1]10A Periotl ---- t 3A 10 11 12 Is 16A t air. In Cashon O I4 s6000,OW tller audit mence due -dor no the ROP6161]6Pence 19 _ - --20 The Lake Elsinore ssor Agency dsayotposayby Oepartm 1 Successor Age co rlm elo for lM1 619e0on as enl rreable, in - _ iron I 1 f olacourt rydg nenim mversal of policy by the Depart t- Ilning lhe6 rA9ency's position tershcen,tho trace tion 23 29 ]2 Thisdan oa yMlolsemene lens twelve month peyotl covered by ncorporaletl'nl 33'n accordanceIM1 are ler ns of lh ernn roj Agreement and prolectetl far "tests soaredOPS by rovvredby O PS Stadium Managementlces 33 This line tens lelere-Decelnler m, the eeterim ent Agreement management. and maintenance amended, ye mMencoenenl Agrcemenlse gmenlpend 201 Incomm expenditures mrvary 1,2016-0ecembar 01.2016)and incorporates the increases in coals and capital expentlltures requbetl to he made by the agreement for the sh month omade agreaentforlthe ca p2016 earl period covered by ROP51G"_PA. __ -_ 38 accordance to OOF go obligation is iedudietwlin the Admalletlarty, Arevancx 39 _ 40 _ dlqreardIown in Course Uindutles $365000released carbide it,, tl 71'1"e ROP51]4-BA Period-- 12 Am1. In excess of ROES 15dfiq qulharixed AmL $11,200 was aEtletl to BOPS 16-1 ]A A3 - AA Amt'a acere. at ROP515-16A qulharized And $3,680 was added to ROP51G"1 )A City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 w Jake-elsinore.org Text File File Number: ID# 16-040 Agenda Date: 1/27/2016 Version: 1 Status: Approval Final In Control: Oversight Board File Type: Report Agenda Number: 5) City of Lake Elsinore Page 1 Printed on 112712016 OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRMAN KELLEY AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: JANUARY 27, 2016 SUBJECT: Transfer of Governmental Purpose Properties to the Cit Recommendation It is recommended the Oversight Board approve and adopt Resolution No. OB -2016-002 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE. TRANSFER OF GOVERNMENTAL PURPOSE PROPERTIES TO THE CITY OF LAKE ELSINORE IN ACCORDANCE WITH HEALTH & SAFETY CODE SECTION 34181(a). Background As part of the dissolution of the former Redevelopment Agency, Health and Safety Code Section 34181 requires the Oversight Board to direct the Successor Agency to transfer ownership of assets constructed and used for a governmental purpose, such as roads, parks and parking facilities and lots dedicated solely to public parking. The Successor Agency has identified the properties listed in Exhibit A to Resolution 06- 2016-002 attached hereto as properties used for a governmental purpose, and the Successor Agency and Oversight Board have previously approved a Long Range Property Management Plan (LRPMP) which identified the same properties as governmental purpose properties. Discussion In accordance with the Redevelopment Dissolution Act, as amended by SB 107, the Successor Agency must dispose of real property in accordance with Health & Safety Code Sections 34177(e) and 34181(a). The data sheets from the LRPMP have been updated to include available detail for each of the governmental purpose properties. All but one of the properties (APN 374-162-036) previously approved by the Oversight Board as governmental purpose properties are proposed to be transferred to the City at this time. Disposition of APN 374-162-036 will be presented to the Oversight Board at a future meeting. Transfer of Governmental Purpose Properties January 27, 2016 Page 2 In addition, only the northern portion of APN 373-210-030 (Parcel A) is proposed to be conveyed to the City as part of the Inlet Channel/Lake Management Project Improvements. The southern portion of that parcel was transferred to Civic Partners - Elsinore, LLC in accordance with the Exchange Agreement approved by the Oversight Board in May 2015 and by DOF in June 2015. The parcel (APN 371-100-004) transferred to the Successor Agency by Civic Partners -Elsinore, LLC pursuant to the Exchange Agreement has been added to the list of governmental purpose properties to be conveyed to the City for Conservation/Flood Storage purposes. This property is located in the Back Basin and is depicted as property #3 on Exhibit A to the attached Oversight Board Resolution. The Oversight Board's Resolution approving such transfer must be transmitted to DOF. DOF has five (5) days after submittal to request a review and forty-five (45) days to review the Oversight Board Resolution if it decides to do so. Detailed information from the LRPMP regarding the governmental purpose properties has been updated and is attached for informational purposes only. Please note that the property ID #s in these detailed sheets correspond to the LRPMP and do not match the ID #'s in Exhibit A to the Resolution. Prepared By: Barbara Leibold, Successor Agency Counsel Attachments: Successor Agency Resolution No. SA -2016-002 Exhibit A — List of Real Property to be transferred to the City of Lake Elsinore for Governmental Purposes Governmental Purpose Properties Data Sheets and Maps RESOLUTION NO. OB -2016-002 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE. TRANSFER OF GOVERNMENTAL PURPOSE PROPERTIES TO THE CITY OF LAKE ELSINORE IN ACCORDANCE WITH HEALTH & SAFETY CODE SECTION 34181(a). WHEREAS, the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore (the "Successor Agency") is charged with implementing recognized enforceable obligations and winding down of the affairs of the former Redevelopment Agency of the City of Lake Elsinore (the "Agency") in accordance with the California Health and Safety Code; and WHEREAS, Health & Safety Code Section 34181(a) requires the Oversight Board to direct the Successor Agency to transfer real properties constructed and used for governmental purposes to the City of Lake Elsinore or another appropriate jurisdiction; and WHEREAS, examples of governmental purpose properties under Health & Safety Code Section 34181(a) include roads, school buildings, parks, police and fire stations, libraries, local agency administrative buildings and parking facilities and lots dedicated solely to public parking which do not generate revenue in excess of reasonable maintenance costs; and WHEREAS, the Successor Agency and Oversight Board have previously approved a Long Range Property Management Plan designating certain assets as governmental purpose assets; and WHEREAS, the Successor Agency holds title to the assets listed on Exhibit A hereto (collectively, the "Governmental Purpose Properties"), which have been identified by the Successor Agency as governmental purpose properties in accordance with applicable law for the reasons set forth in Exhibit A; and WHEREAS, the requirements of Health & Safety Code Section 34181(f) have been satisfied, in that the Oversight Board will hold a public meeting to consider the transfer of the governmental purpose properties from the Successor Agency to the City, ten (10) days public notice of said transfer was provided, and members of the public will be given an opportunity to comment on the transfer of the Governmental Purpose Properties; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: SUCCESSOR AGENCY RESOLUTION NO. SA -2016-002 Page 2 SECTION 1. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. The Oversight Board hereby approves the transfer of the ownership of the Governmental Purpose Properties to the City of Lake Elsinore in accordance with Health & Safety Code Section 34181(a). SECTION 3. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Successor Agency hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof. SECTION 4. This Resolution shall take effect from and after the date of its passage and adoption in accordance with, and subject to, all applicable requirements of the Health & Safety Code. PASSED, APPROVED AND ADOPTED at a regular meeting of the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, held this 27th day of January, 2016. Genie Kelley, Chairperson Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore ATTEST: Susan M. Domen, MMC Oversight Board Secretary Attachments: Exhibit A — Governmental Purpose Properties EXHIBIT A GOVERNMENTAL PURPOSE PROPERTIES MAP ID APN GOVERNMENTAL PURPOSE 1 371-030-024 Conservation Easement 2 371-030-051 Conservation Easement 3 371-100-004 Conservation/Flood Storage 4 373-023-011 Cultural Center & Downtown Parking 5 373-023-012 Cultural Center & Downtown Parking 6 373-023-015 Cultural Center & Downtown Parking 7 373-023-024 Cultural Center & Downtown Parking 8 373-023-025 Cultural Center & Downtown Parking 9 373-210-030 (Parcel A) Inlet Channel/Lake Management Project Improvements 10 373-210-032 Floodway/Inlet Channel 11 373-210-045 Floodway/Inlet Channel 12 373-300-027 Lake Elsinore Senior Activities Center 13 374-173-005 Lake Elsinore Cultural Center 14 374-174-014 Downtown parking/Alley 15 374-174-015 Downtown parking/Alley 16 374-262-003 Downtown parking/Alley 17 374-262-004 Downtown parking/Alley 18 374-262-010 Downtown parking/Alley 19 374-262-011 Downtown parking/Alley 1 371-030-024 2 371-030-051 3 371-100-004 4 373-023-011 5 373-023-012 6 373-023-015 7 373-023-024 8 373-023-025 9 373-210-030 10 373-210-032 11 373-210-045 12 373-300-027 13 374-173-005 14 374-174-014 15 374-174-015 16 374-262-003 17 374-262-004 18 374-262-010 19 374-262-011 by: C� OF J ) b City of Lake Elsinore GIS _ _ _ January 27, 2016 LAi�ERIN F LSTNOIZE Data Soo rues. TO CITY OF LAKE ELSINORE City of Lake Elsinore Gig ,, DRIAM IXfli t.nrc inn On<J oaGIJ County of Riverside GIS Map ID #1 & #2: Governmental Purpose — Conservation Easement APN: #1: 371-030-024 #2: 373-030-051 Address: Vacant land Lot Size: #1:.14 acres #2: 5.02 acres Land Use/Zoning: Eastlake Specific Plan; Open Space The Parcels provide mitigation for development impacts of the East Lake Speck Plan pursuant to requirements of the ACOE Section 404 Permit No. 200400748-RRS (the "Section 404 Permit") and CDFG Section 1602 Streambed Alteration Agreement No. 1600-2004-0130-R6 ("Section 1600 Agreement"). The Conservation Easements are granted to satisfy Special Condition D of the Section 404 Permit and Condition 12 of the Section 1600 Agreement. Pursuant to the Conservation Easement, the properties are and will be preserved in their natural, scenic, open condition to maintain its ecological, historical, visual and educational values (collectively, "Conservation Values"). The Conservation Values are consistent with the habitat conservation purposes of the Western Riverside County Multiple Species Habitat Conservation Plan ("MSHCP"). Acquisition Date (AD): Grant Deed dated January 20, 1994 & recorded January 31, 1994 Acquisition Purpose: Properties were likely acquired as part of the Lake Management Project. Purchase Price/Value @ AD: ...----.--___-_-- #1: $4,352.28 (maximum) #2: 156,060.29 (maximum) Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented No development potential. development (TOD) and advancement of Successor Agency planning objectives: History Previous A portion of the properties are subject to a Grant of Easement by the Development Successor Agency to McMillin Summerly LLC for golf cart access, Proposals/Activity: maintenance and utility. This easement was contemplated as part of the Summerly Project entitlements and Is essential to the operation of the Golf Course and consistent with the conservation easement affecting the balance of these and adjacent City -owned properties. Proposed Use/Disposition: The properties should be retained for Governmental Purpose and conveyed to the City of Lake Elsinore subject to the Conservation Easement in favor of Western Riverside County Regional Conservation Authority (RCA) and subject to that portion affected by the access, maintenance and utility easement in favor of McMillin Summerly. Habitat conservation/mitigation and flood storage are governmental purposes pursuant to Section 1600 of the California Fish and Game Code, Section 404 of the Clean Water Act, the California Environmental Notes: In accordance with applicable laws, permits and agreements, the Conservation Easement affecting these and adjacent City -owned properties has been submitted for approval by the RCA and ACOE. Map ID #3, #4, #5,46 & #7: Governmental Purpose — Cultural Center/Downtown Parking #3: 373-023-011 APN: #4: 373-023-012 #5: 373-023-015 #6: 373-023-024 #7:373-023-025 #5 —132 E. Heald, Lake Elsinore Address: #6 —154 N. Main, Lake Elsinore #7 — 150 N. Main, Lake Elsinore _ _ Lot Size: #3 -13 acre #4 -16 acre #5-.19acre 96 — 1.06 acre #7 -.12 acre _ Land Use/Zoning: Downtown Master Plan #3; #4; #5 High Density Residential; #6; #7 Commercial Mixed Use Acquisition Date (AD): 3/20/09 Acquisition Purpose: Public Parking Cultural Center/Historic Downtown Business Incubator / Lake Elsinore Technology Center Site Purchase Price/Value @ AD: $1,238,000 Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Phase I environmental assessment conducted in 2009 — no history of Contamination History: environmental contamination. Potential transit oriented The property is located at the boundary of the Cultural and Historic development (TOD) and Districts of the Downtown Master Plan across from the Cultural Center advancement of Successor as part of the "Key to Downtown" Implementation Plan. These planning Agency planning objectives: tools were funded in part by the former Redevelopment Agency and federal and state grants. Development and rehabilitation pursuant to the Downtown Master Plan and implementing documents are important goals and objectives of the former Redevelopment Agency under the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. History Previous Prior to acquisition by the Agency in 2009, the property was leased by Development the Agency for public parking for the Cultural Center and other Proposals/Activity: downtown uses. The property has for more than 20 years and continues to be the designated parking area for all public meetings conducted at the Cultural Center. The property was acquired for the Business Incubator/Lake Elsinore Technology Project which was subsequently tabled In the wake of the Dissolution Act and loss of tax increment funds. Prior to the dissolution of the Redevelopment Agency, plans were prepared and approved for parking lot improvements to the property. Proposed Use/Disposition: The Site is strategically located across from the Cultural Center and offers public parking critical to the success of the downtown and the viability of the Cultural Center as the City's meeting facility. Public parking in the Historic Downtown District is essential to achieving the overall redevelopment goals of revitalizing the downtown area consistent with the Redevelopment Plan for the Rancho Laguna Redevelopment Project No. I and the Downtown Master Plan. The Implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. The Business Incubator/Lake Elsinore Technology Center Project is also identified in the Agency's 2009-2014 F Redevelopment & Housing Implementation Plan as an Agency project in the Rancho Laguna Redevelopment Project Area No.1. Although the dissolution of the Redevelopment Agency and consequential loss of tax Increment funding led to the suspension of this project, the parcels should be retained for governmental purpose and conveyed to the City to complete the interim parking improvements to ensure continuity of downtown/Cultural Center parking. Notes: Consideration should also be given to whether the parcels should be designated as "Public/institutional." No revenue is generated by the parcels as parking is free in the downtown area and to all visitors to the Lake Elsinore Cultural Center.. N5 r � tt r r C)IIRCI S'. t.,ITY Oh .AKr ISINOIIE. AUN7YOFKI' 73N i IIlk LIZ, , CIIY OF LAKE. ASIM IDs 3, 4, S, 6, 7 Map ID #12: Enforceable Obligation — Exchange Parcel Conveyed Per DDA ("Parcel B" - southern 2.77 acre portion) Governmental Purpose - Inlet Channel/Lake Management Project Improvements and open space conservation ("Parcel A" - northern 4.49 APN. acre portion) 373-210-030 Address: NIA Lot Size: 7.26 acres ('Parcel A" - northern 4.49 acre portion) ("Parcel B" - southern 2.77 acre portion — conveyed per Exchange Agreement) Land Use/Zoning: Diamond Specific Plan; Mixed Use Acquisition Date (AD): 1/31194 Acquisition Purpose: Redevelopment Purpose Consistent with Diamond Stadium and 404 Permit conditions Purchase PricelValue @ AD: Property was only part of a 36.99 acre property acquisition by the Agency for $1,149,933.65. Based on per acre cost, the purchase price for this property was approximately $225,697. Est. Current Value: Unknown. A 2008 preliminary appraisal estimated property value at $635,000 which did not reflect deductions for flood zone impacts and/or easements limiting development. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The northernmost portion of this "Channel Edge" parcel is in the development (TOD) and floodway and the 500 year floodplain and cannot be developed. The advancement of Successor remainder of the northern portion of the parcel to the weir is in the 100 Agency planning objectives; year floodplain and a key element to the Inlet Channel/Lake Management Project. The southern portion of the parcel was conveyed by the Successor Agency in November 2015 and can be developed with a use compatible with the Stadium and consistent with the General Plan Ballpark District, the Diamond Speck Plan and the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No, III, History Previous The parcel includes a portion of the Inlet Channel and is otherwise Development unimproved vacant property. Proposals/Activity: Proposed UselDispositlon: Pursuant to the Civic McMillin DDA, the Master Developer has certain rights to exchange properties it owns within the East Lake Specific Plan project area for Agency owned property. Commencing in 2007, Civic Partners identified this property as an exchange site pursuant to the DDA. Pursuant to Oversight Board and DOF approval, the Agency completed the exchange of the 2.77 acre southern portion of the property (depicted as 'Parcel B" on the attached map) consistent with ____ the DDA requirements. The northern 4.49 acres (depicted as "Parcel A" on the attached map) should be transferred to the City for purposes of maintaining the Inlet Channel and Lake Management Plan Improvements and the open space conservation requirements of the ACOE 404 Permit and MSHCP. Notes: The DDA Is an enforceable obligation of the former Agency per ROPS I, ll, 13-14A and 13-14B. The property exchanged for the southern 2.77 acre portion of the Agency's Channel Edge parcel is located in the East Lake Specific Plan and is identified in the LRPMP as Property #58 as a Governmental Purpose Property to be devoted to satisfy the flood storage capacity and open space conservation requirements of the ACOE 404 Permit and the conservation goals and objectives of the Western Riverside County Multiple Species Habitat Conservation Plan. EXHIBIT V PAGE 2 OF 2 SKETCH TO ACCOMPANY LEGAL DESCRIPTION IN THE CITY OF LAKE ELSINORE, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA BEING A PORTION OF LOT 14, BLOCK "H", OF THE RESUBDIVISfON OF BLOCK "D" OF ELSINORE, MB 6 / 296, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA. LEGEND R1 = INDICATES COURSES FROM, FIRST AMERICAN PTR NO. 0625-4530835, 4-09-2015 BASIS OF BEARINGS THE BEARINGS SHOWN HEREON ARE BASED ON THE BEARING "N 08'55'55" E" ALONG THE WESTERLY BOUNDARY OF PARCEL MAP NO 27852 P M B (W'LY 462.00') Ri l'f LINE LOT 14 273.51' 188.49' N P.O.B. c NE COR y LOT 14 A� 12.5.5. 35/6-3-67 VPQC x N r; o� E.V.M.W.D. EASEMENT INST, N0, 455301, O.R. 12/11/97 S -LY BNDRY, INST. NO. 455301, O.R. 12/11/97 a1` 'OF 00. Qi" �O y6 182/19-24. S'LY LINE LOT 1 SYLVESTER ; THIS EXHIBIT WAS PREPARED BY ME OR UNDER MY DIRECTION SCOTT M. WILSON, P.L.S. 7434 M11'Y 3..ICENSE EXPIRES 12/31/15 it o a < a o 0-v N PETE LEH$` DRIVE �g52 Q P t200N79'35'12"W.09' ro O C6 w m I 03 W -� v.n uJ t0 waN� �v �noco� r-. v'nZj�O Z ,.° m z d SE 0 C141 LOT MALAGA ROAD o-- (W'LY 429.00') R1 Map ID 013 & #16: Governmental Purpose Floodway APN: #13: 373-210-032 #16: 373-210-045 Address: N/A — Lot Size: #13: 2.37 acres #16: 5.74 acres Land Use/Zoning: Floodway; Inlet Channel Acquisition Date (AD): 1/31194. Acquisition Purpose: Redevelopment Purpose Consistent with Diamond Stadium, 404 Permit conditions and Lake Elsinore Management Project - Inlet Channel Purchase PricefValue @ AD: Unknown. Parcel #13 was part of a 36.99 acre property acquisition by the Agency for $1,149,933,65. Based on per acre cost, the purchase price for this property was approximately $73,678. It is unknown whether Parcel #16 was included in this or a separate acquisition. Est. Current Value: Unknown. Based upon County Tax Assessor records, assessed value = #13 (373-201-032): $17,601 #16 373-210-045 : $ 1,701 -$1,810 Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented These properties are located within the Floodway and have no development (TOD) and development potential. advancement of Successor Agency planning objectives: History Previous Inlet Channel, Lake Elsinore Management Project Development Proposals/Activity: Proposed Use/Disposltlon: The properties should be retained for Governmental Purpose and conveyed to the City of Lake Elsinore for ongoing maintenance consistent with Lake Management Project and Final Mitigation Plan. Notes: These Floodway Parcels are part of the Inlet Channel and cannot be developed. Map ID #17: Governmental Purpose - Lake Elsinore Senior Activities Center APN: 373-300-027 Address: 420 East Lakeshore Drive, Lake Elsinore Lot Size: 2.64 acres; 114,998 sq. ft. Land UselZoning: Public Institutional — Lake Elsinore Senior Activities Center Acquisition Date (AD): December 1982 Acquisition Purpose: Rancho Laguna Redevelopment Project Area No. 1 was established in response to severe flooding in early 1980 which caused millions of dollars of damage and threatened public health and safety. This property was damaged in the 1980 flood. While FEMA acquired adjacent flooded properties, this property remained in private ownership until it was acquired by the Agency for redevelopment purposes in December 1982 in an effort to mitigate the blighted conditions of flood damaged properties. After acquisition by the Agency, the buildings were renovated and converted to the community's Senior Activities Center. Purchase Price/Value @ AD: $75,000 Est. Current Value: Unknown. Based upon County Tax Assessor records, assessed value = $124,149 (Land Value $48,890; Improvement value $75,259). However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The majority of the property is located within the 500 year flood zone development (TOD) and and adjacent to Lakepoint Park which is restricted to open space use. advancement of Successor The parcel cannot support the density required nor is it located adjacent Agency planning objectives: to transit centers necessary to support TOD. The Senior Activities Center is consistent with the Agency's planning objectives. History Previous The existing structures were built in 1971. After acquisition by the Development Agency, the flood damaged structures were renovated and converted to Proposals/Activity: the Lake Elsinore Senior Activities Center. The property Is designated as "Public Institutional" in the City's General Plan and Zoning Map and incorporated as such in the Amended and Restated Redevelopment Plan for the Rancho Laguna Redevelopment Project Area I. There are no other applicable development proposals or activity. Proposed Use/Disposition: The Senior Activities Center is an important public recreational and cultural resource. The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing operation as the Senior Activities Center. Administrative and recreational uses are permissible governmental purposes (see for example, Gov't Code Section 37361; Education Code Section 10902). Notes: While the property was acquired by the Redevelopment Agency and title is vested accordingly, the City of Lake Elsinore has historically paid for all operating and maintenance expenses of the Senior Activities Center as a municipal facility. Map ID #37: Governmental Purpose — Lake Elsinore Cultural Center APH: 374-173-005 Address: 183 North Main Street, Lake Elsinore Lot Size: --- ---- ---- ----------- ......__ 17 acres/7,500 sq. ft. Land Use/Zoning: Public Institutional — Lake Elsinore Cultural Center Acquisition Date (ACS): 05/04/92 Acquisition Purpose: This property was acquired for governmental purposes from the Methodist Episcopal Church. The purchase evidenced the Agency's investment in and commitment to the historic downtown area, providing an assembly hall for City Council and Commission meetings and other civic gatherings, while preserving the historically significant structure. Purchase Price/Value @ AD: $189,000 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract The Lake Elsinore Historical Society leases the basement of the obligations re revenues: Cultural Center for $1/year for use as a historical museum. The remaining lease term expires January 2017. Environmental Unknown Contamination History: Potential transit oriented The property Is not near transportation nodes and is already developed; development (TOD) and thus, not capable of supporting the density associated with TOD. The advancement of Successor existing governmental use is consistent with the Agency's land use Agency planning objectives: objectives. The property is located at the boundary of the Cultural and Historic Districts of the Downtown Master Plan and is included in the "Key to Downtown" Implementation Plan. These planning tools were funded in part by the former Redevelopment Agency and federal and state grants. Development and rehabilitation pursuant to the Downtown Master Plan and implementing documents are important goals and objectives of the former Redevelopment Agency under the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. History Previous Prior to the Agency's acquisition in 1992, the building was operated as Development a church. The building is now designated as the Lake Elsinore Cultural Proposals/Activity: Center. All City Council, Planning Commission and Public Safety Advisory Commission meetings are held at the Cultural Center as are other municipal meetings and events. Proposed Use/Dlsposltion: The Cultural Center is a significant cultural resource to the community. The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing operation as the Lake Elsinore Cultural Center. Historic preservation and government administrative uses are permissible governmental purpose (see for example, Gov't Code Section 37361). Notes: While the property was acquired by the Redevelopment Agency and title is vested accordingly, the City of Lake Elsinore has historically paid for all operating and maintenance expenses of the Cultural Center as a municipal facility. Map ID #38 & #39: Governmental Purpose - Downtown parking/alley APN: #38: 374-174-014 #39: 374-174-015 Address: 114 W. Peck St., Lake Elsinore Lot Size: #38:.05 acres #39:.14 acres Land Use/Zoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): #38: 01/02/91 #39: 01102/91 Acquisition Purpose: Unknown Purchase PriceNalue @ AD: $150,000 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues A contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District Is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as parking, alleyway and service delivery to Development Main Street properties. The property has no development potential. Proposals/Activity: Proposed Use/Disposition: The properties should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional' to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue is generated form parking as parking in the downtown area is free Map ID #40: Governmental Purpose - Downtown parking/alley APN: 374-262-003 Address: 118 W. Graham Ave., Lake Elsinore Lot Size: .09 acres Land Use/Zoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 01/22/90 Acquisition Purpose: Unknown Purchase Price/Value @ AD: $79,500 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est, revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals/Activity: potential. Proposed Use/Disposition: The property should be retained for Governmental Purpose and I conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see /or example, Streets & 1 Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and ' maintenance expenses for all public downtown parking. No revenue is generated form parking as parking in the downtown area is free. Map ID #41: Governmental Purpose — Downtown parking/alley APN: 374-262-004 Address: 110 W. Graham Ave, Lake Elsinore Lot Size: .09 acres Land Use/Zoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 06/19/09 Acquisition Purpose: Downtown Public Parking Purchase Price/Value @ AD: $42,262.55 Est. Current Value: Unknown, However, like moat governmental purpose properties, the property Is a negatively performing asset with ongoing costs •of operation/maintenance/repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is Improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals/Activity: potential. Proposed Use/Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: The property was acquired by the Agency from the County of Riverside as tax-defaulted property. The purchase price was paid by the Agency but the original tax deed vested title in the City of Lake Elsinore. A corrected Deed conveying title to the Agency was recorded on 10/23/09. While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue is generated form parking as parking in the downtown area u. free, Map ID 042: Governmental Purpose - Downtown parking/alley APN: 374-262-010 Address: N/A Lot Size: .14 acres Land Use/Zoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 04/79 Acquisition Purpose: Unknown Purchase PricetValue @ AD: $12,500 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenancelrepa ir. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals/Activity; potential. �- --- — Proposed Use/Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue is generated form parking as parking in the downtown area is free. Map ID #43: Governmental Purpose - Downtown parking/alley APN: 374-262-011 Address: N/A Lot Size: .04 acres Land Use/Zoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties. The property Is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 06/19/09 Acquisition Purpose: Downtown Public Parking Purchase Price/Value@ AD: $5,625.07 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals/Activity: potential. Proposed Use/Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed "Public to Institutional" to match the existing and Intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). �. . . ........ . ... . _...---.- iNotes: The property was acquired by the Agency from the County of Riverside as tax -defaulted property. The purchase price was paid by the Agency but the original tax deed vested title in the City of Lake Elsinore. A corrected Deed conveying title to the Agency was recorded on 10/23/09. While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue is generated form parking as parking in the downtown area is free. Map ID #58: Governmental Purpose — Flood Storage Capacity and Open Space Conservation pursuant to ACOE 404 Permit and MSCHP APPd: 371 -100 -004 -- Address: N/A Lot Size: 4.35 acres Land Use/Zoning: Eastlake Specific Plan Open Space Acquisition Date (AD): 11/30/15 Acquisition Purpose: Property Exchange Pursuant to Civic McMillin (Summerly) DDA Purchase Price/Value @ AD: Assigned value as of date of exchange based on 2008 appraisal of the exchange properties was $242,804.39, but recent appraisals of similarly situated open space properties Indicate a value of not more than $9,500 per acre for a total property value of $41,325. Est. Current Value: $41,325 estimated current value Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The property is located in the open space area of the Back Basin and development (TOD) and does not qualify for TOD development. Maintaining the property as advancement of Successor open space is consistent with the Summerly DDA and Successor Agency planning objectives: Agency planning objectives to satisfy the flood storage capacity and open space conservation requirements of the ACOE 404 permit and MSHCP imposed as mitigation for the development under the Summerly DDA. History Previous The property is an unimproved vacant parcel with no known history of Development any development proposal. Proposals/Activity: Proposed Use/Disposition: Open space conservation and flood storage capacity consistent with requirements of the ACOE 404 Permit and MSHCP. 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[i EXHIBIT A GOVERNMENTAL PURPOSE PROPERTIES MAP ID APN GOVERNMENTALPURPOSE 1 371-030-024 Conservation Easement 2 371-030-051 Conservation Easement 3 371-100-004 Conservation/Flood Storage 4 373-023-011 Cultural Center & Downtown Parking 5 373-023-012 Cultural Center & Downtown Parking 6 373-023-015 Cultural Center & Downtown Parking 7 373-023-024 Cultural Center & Downtown Parking 8 373-023-025 Cultural Center & Downtown Parking 9 373-210-030 (Parcel A) Inlet Channel/Lake Management Project Improvements 10 373-210-032 Floodway/Inlet Channel 11 373-210-045 Floodway/Inlet Channel 12 373-300-027 Lake Elsinore Senior Activities Center 13 374-173-005 Lake Elsinore Cultural Center 14 374-174-014 Downtown parking/Alley 15 374-174-015 Downtown parking/Alley 16 374-262-003 Downtown parking/Alley 17 374-262-004 Downtown parking/Alley 18 374-262-010 Downtown parking/Alley 19 374-262-011 Downtown parking/Alley Prepared by, CITY OF .� TRANSFER OF PROPERTY O City ofy27,2Elsinore GIS v January 27, 2016 LAISE C LSIHOKE Data Sources: wr FA City of Lake Elsinore GIS aREAM ��rHr�F TO C ITY O F KE E L I N R ., L5 NORKAS �. U County of Riverside GIS I rCM �kS Map ID #1 & #2: Governmental Purpose - Conservation Easement APN: #1: 371-030-024 #2: 373-030-051 Address: Vacant land Lot Size: #1:.14 acres 12: 5.02 acres Land UsefZoning: Eastlake Specific Plan; Open Space The Parcels provide mitigation for development impacts of the East Lake Specific Plan pursuant to requirements of the ACOS Section 404 Permit No. 2004-00748-RRS (the `Section 404 Permit") and CDFG Section 1602 Stream bed Alteration Agreement No. 1600-2004-0130-R6 ("Section 9600 Agreement"). The Conservation Easements are granted to satisfy Special Condition D of the Section 404 Permit and Condition 12 of the Section 1600 Agreement. Pursuant to the Conservation Easement, the properties are and will be preserved in their natural, scenic, open condition to maintain its ecological, historical, visual and educational values (collectively, "Conservation Values"). The Conservation Values are consistent with the habitat conservation purposes of the Westem Riverside County Multiple Species Habitat Conservation Plan ("MSHCP'). Acquisition Date (AD): Grant Deed dated January 20, 1994 & recorded January 31, 1994 Acquisition Purpose. Properties were likely acquired as part of the Lake Management Project. Purchase Price/Value @ AD: #1: $4,352.28 (maximum) #2: 156,060.29 (maximum) Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environ mental Unknown Contarninatlon History: No development potential. Potential transit oriented development (TOD) and advancement of Successor Agency planning objectives: History Previous A portion of the properties are subject to a Grant of Easement by the Development Successor Agency to McMillin Summerly LLC for golf cart access, Proposal&/Activity, maintenance and utility. This easement was contemplated as part of the Summerly Project entitlements and is essential to the operation of the Golf Course and consistent with the conservation easement affecting the balance of these and adjacent City -owned properties. Proposed Use/Disposition: The properties should be retained for Governmental Purpose and conveyed to the City of Lake Elsinore subject to the Conservation Easement in favor of Western Riverside County Regional Conservation Authority (RCA) and subject to that portion affected by the access, maintenance and utility easement in favor of McMillin Summerly. Habitat conservaUonlmitigation and flood storage are governmental purposes pursuant to Section 1600 of the California f=ish and Game Code, Section 404 of the Clean Water Act, the California Environmental Quality Act and the MSHCP. Notes: In accordance with applicable laws, permits and agreements, the Conservation Easement affecting these and adjacent City -owned properties has been submitted for approval by the RCA and ACOE. Ulll� Mpw-wAin on Lly- 300ILCM LATY UI' I_AKF VI.SINOlkl:. WUNTY or RIVERSIDE Lktiiili +�Itk 0 0.015 &03MILES 1 D S 1, Z — N f . CITY OF LAKE ELSINORE AERIAL VIEW SUCCESSORAGENCY PROPENTIES CITY OF LAKE ELSINORE AERIAL VIEW SUCCESSORAGENCY PROPENTIES Map ID #3, #4, #5, #6 & #7: Governmental Purpose — Cultural Center/Downtown Parking APN: #3: 373-023-011 #4: 373-023-012 #5: 373-023-015 #6: 373-023-024 #7: 373-023-025 Address: #5 —132 E. Heald, Lake Elsinore #6 -154 N. Main, Lake Elsinore #7 — 150 N. Main, Lake Elsinore Lot Size: #3 -.13 acre #4 -.16 acre #5 - .19 acre #8 —1.06 acre #7 - .12 acre Land Use/Zoning: Downtown Master Plan #3; #4; #5 High Density Residential; #6; #7 Commercial Mixed Use Acquisition Date (AD): 3/20/09 Acquisition Purpose: Public Parking Cultural Center/Historic Downtown Business Incubator / Lake Elsinore Technology Center Site Purchase Price/Valus @AD: $1,238,000 Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Phase I environmental assessment conducted in 2009 — no history of Contamination History: environmental contamination. Potential transit oriented The property is located at the boundary of the Cultural and Historic development (TOD) and Districts of the Downtown Master Plan across from the Cultural Center advancement of Successor as part of the `Key to Downtown" Implementation Plan. These planning Agency planning objectives: tools were funded in part by the former Redevelopment Agency and federal and state grants. Development and rehabllttation pursuant to the Downtown Master Plan and Implementing documents are important goals and objectives of the former Redevelopment Agency under the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan, History Previous Prior to acquisition by the Agency in 2009, the property was leased by Development the Agency for public parking for the Cultural Center and other Proposals/Activity: downtown uses. The property has for more than 20 years and continues to be the designated parking area for all public meetings conducted at the Cultural Center. The property was acquired for the Business Incubator/Lake Elsinore Technology Project which was subsequently tabled In the wake of the Dissolution Act and loss of tax increment funds. Prior to the dissolution of the Redevelopment Agency, plans were prepared and approved for parking lot improvements to the property. Proposed Use/Disposition: The Site is strategically located across from the Cultural Center and offers public parking critical to the success of the downtown and the viability of the Cultural Center as the City's meeting facility. Public parking in the Historic Downtown District is essential to achieving the overall redevelopment goals of revitalizing the downtown area consistent with the Redevelopment Plan for the Rancho Laguna Redevelopment Project No. I and the Downtown Master Plan. The Implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. The Business Incubator/Lake Elsinore Technology Center Project is also Identified In the Agency's 2009-2014 Redevelopment & Housing Implementation Plan as an Agency project in the Rancho Laguna Redevelopment Project Area No.1. Although the dissolution of the Redevelopment Agency and consequential loss of tax increment funding led to the suspension of this project, the parcels should be retained for governmental purpose and conveyed to the City to complete the interim parking improvements to ensure continuity of downtownlCultural Center parking. Notes: Consideration should also be given to whether the parcels should be designated as "Publicllnstitutional " No revenue is generated by the parcels as parking is free in the downtown area and to all visitors to the Lake Elsinore Cultural Center.. Map ID #12: Enforceable Obligation — Exchange Parcel Conveyed Per DDA ("Parcel B" - southern 2.77 acre portion) Governmental Purpose - Inlet Channel/Lake Management Project Improvements and open space conservation ("Parcel A" - northern 4.49 acre porton) 373-210-030 N/A 7.26 acres APN: Address: Lot Size: ("Parcel A" - northern 4.49 acre portion) ("Parcel B" - southern 2.77 acre portion conveyed per Exchange Agreement) Land Use/Zoning: Diamond Specific Plan, Mixed Use Acquisition Date (AD): 1/31/94 Acquisition Purpose: Redevelopment Purpose Consistent with Diamond Stadium and 404 Permit conditions Purchase PricelValue @ AD: Property was only part of a 36.99 acre property acquisition by the Agency for $1,149,933.65. Based on per acre cost, the purchase price for this property was approximately $225,697. Est. Current Value: Unknown, A 2008 preliminary appraisal estimated property value at $635,000 which did not reflect deductions for flood zone impacts and/or easements limiting development. Est. revenues & contract None obligations re revenues: Environmental unknown Contamination History: Potential transit oriented The northernmost portion of this 'Channel Edge' parcel is in the development (TOD) and floodway and the 500 year floodplain and cannot be developed. The advancement of Successor remainder of the northern portion of the parcel to the weir is in the 100 Agency planning objectives. year floodplain and a key element to the Inlet Channel/Lake Management Project. The southern portion of the parcel was conveyed by the Successor Agency in November 2015 and can be developed with a use compatible with the Stadium and consistent with the General Plan Ballpark District, the Diamond Speck Plan and the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. Ill. History Previous The parcel includes a portion of the Inlet Channel and is otherwise Development unimproved vacant property. Proposals/Activity: Proposed Use/Dispositlon: Pursuant to the Civic McMillin DDA, the Master Developer has certain rights to exchange properties it owns within the East Lake Specific Plan project area for Agency owned property. Commencing in 2007, Civic Partners identlfied this property as an exchange site pursuant to the DDA. Pursuant to Oversight Board and DOF approval, the Agency completed the exchange of the 2.77 acre southern portion of the property (depicted as "Parcel B" on the attached map) consistent with the DDA requirements. The northern 4.49 acres (depicted as "Parcel A" on the attached map) should be transferred to the City for purposes of maintaining the Inlet Channel and Lake Management Plan Improvements and the open space conservation requirements of the ACOE 404 Permit and MSHCP. Notes: The DDA is an enforceable obligation of the former Agency per ROPS I, Il, 13-14A and 13-14B. The property exchanged for the southern 2.77 acre portion of the Agency's Channel Edge parcel is located in the East Lake Specific Plan and is identified in the LRPMP as Property #58 as a Governmental Purpose Property to be devoted to satisfy the flood storage capacity and open space conservation requirements of the ACOE 404 Permit and the conservation goals and objectives of the Western Riverside County Multiple Species Habitat Conservation Pian. EXHIBIT T" PAGE 2 OF 2 SKETCH TO ACCOMPANY LEGAL DESCRIPTION IN THE CITY OF LAKE ELSINORE. COUNTY OF RIVERSIDE, STATE OF CALIFORNIA BEING A PORTION OF LOT 14, BLOCK "H", OF THE RESUBDIVISfON OF BLOCK "D" OF ELSINORE, MB 6 / 296, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA. LEGEND R1 = INDICATES COURSES FROM, FIRST AMERICAN PTR NO. 0625-4530835, 4-09-2015 BASIS OF BEARINGS: THE BEARINGS SHOWN HEREON ARE BASED ON THE BEARING "N 08'55'55" E" ALONG THE WESTERLY BOUNDARY OF PARCEL MAP NO. 27852, P.M.B. 182/19-24. N'LY LINE LOT 14 E.V.M.W.D. EASEMENT INST. NO. 455301, O.R 12/11/x7 S'LY BNDRY, 'LY 462.00') R1 273.51' 188.49' N 79'35' 12 "W 200.09' INST. NO. 455301, O.R. 12/11/97 ox\ 'OF GO OG J cD IN a�`�0' � v Lo �-14 q�' ED '0 [Cy"FN COR T 14 04r in PETE i.EHR� DRIVE 00 �A o U N I Z DC7 J d 10,01 �<-U cnQm Lo C5 M LoZ= :i0 2 Lo ZmamQ JN SE COR LOT 14 S'LY LINE LOT 14—.,,,200.05' 228.95' SYLVESTER STREET MALAGA ROAD (W' LY 429.00 R 1 r� THIS EXHIBIT WAS PREPARED BY ME OR UNDER MY DIRECTION SCOTT M. WILSON, P.L.S. 7434 MY LICENSE EXPIRES 12/31/15 i 50URCFa: t,l �Kr. ORE, )llIV1Y ur ltivr'I unrn /� 0,01 D.02 MI I.RS Ohl•, iN] + N L w ■ o_y Jy ji. 1 ID 12 CITY OF LAKE ELSINORE AERIAL VIEW SUCCESSOR AGENCY FRIOPEMES Ab (11 mkt � I I CITY OF LAKE ELSINORE AERIAL VIEW SUCCESSOR AGENCY FRIOPEMES Map ID #13 & #16: Governmental Purpose - Floodway APN: #13: 373-210-032 #16: 373-210-046 Address: NIA Lot Size: #13. 2.37 acres #16: 5.74 acres Land Use/Zoning: Floodway; Inlet Channel Acquisition Date (AD): 1131/94. Acquisition Purpose, Redevelopment Purpose Consistent with Diamond Stadium, 404 Permit conditions and Lake Elsinore Management Project - Inlet Channel Purchase Price/Value @ AD: Unknown. Parol #13 was part of a 36.99 acre property acquisition by the Agency for $1,149,933.65. Based on per acre cost, the purchase price for this property was approximately $73,678. It is unknown whether Parcel #16 was included in this or a separate acquisition. Est. Current Value: Unknown. Based upon County Tax Assessor records, assessed value = #13 (373-201-032): $17,601 #116(373-2110-045): $ 1,701-$1.810 Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented These properties are located within the Floodway and have no development (TOD) and development potential. advancement of Successor Agency planning objectives: History Previous Inlet Channel, Lake Elsinore Management Project Development Proposals/Activity: Proposed Use0spositlon: The properties should be retained for Governmental Purpose and conveyed to the City of Lake Elsinore for ongoing maintenance consistent with Lake Management Project and Final Mitigation Plan. Notes: These Floodway Parcels are part of the Inlet Channel and cannot be developed. Map ID #17: Governmental Purpose - Lake Elsinore Senior Activities Center APN: 373-300-027 Address: 420 East Lakeshore Drive, Lake Elsinore Lot Size: 2.64 acres; 114,998 sq. ft. Land Use/Zoning: Public Institutional — Lake Elsinore Senior Activities Center Acquisition Date (AD): December 1982 Acquisition Purpose: Rancho Laguna Redevelopment Project Area No. 1 was established in response to severe flooding in early 1980 which caused millions of dollars of damage and threatened public health and safety. This property was damaged in the 1980 flood. While FEMA acquired adjacent flooded properties, this property remained in private ownership until it was acquired by the Agency for redevelopment purposes in December 1982 in an effort to mitigate the blighted conditions of flood damaged properties. After acquisition by the Agency, the buildings were renovated and converted to the community's Senior Activities Center. Purchase Price/Value @ AD: $75,000 Est. Current Value: Unknown. Based upon County Tax Assessor records, assessed value = $124,149 (Land Value $48,890; Improvement value $75,259). However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The majority of the property is located within the 500 year flood zone development (TOD) and and adjacent to Lakepoint Park which is restricted to open space use. advancemeM of Successor The parcel cannot support the density required nor is it located adjacent Agency planning objectives: to transit centers necessary to support TOD. The Senior Activities Center is consistent with the Agency's planning objectives. History Previous The existing structures were built in 1971. After acquisition by the Development Agency, the flood damaged structures were renovated and converted to Proposals/Activity: the Lake Elsinore Senior Activities Center. The property Is designated as "Public Institutional" in the City's General Plan and Zoning Map and Incorporated as such In the Amended and Restated Redevelopment Plan for the Rancho Laguna Redevelopment Project Area I. There are no other applicable development proposals or activity. Proposed Use/Disposition: The Senior Activities Center is an important public recreational and cultural resource. The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing operation as the Senior Activities Center. Administrative and recreational uses are permissible governmental purposes (see for example, Gov't Code Section 37361; Education Code Section 10902). Notes: While the property was acquired by the Redevelopment Agency and title is vested accordingly, the City of Lake Elsinore has historically paid for all operating and maintenance expenses of the Senior Activities Center as a municipal facility. E)UKCFS:-CITY OFw Akr HaimOki-. '�QvNi T O IVIAiH E 111-L _ L}1Kk Ltifl'k7I A 0 0.00731.015 MILES ID 17 CITYOF LAxE ELSINORE AERIAL VII',W SUCCESSOR AGENCY PROPERTIES .T�.-T��},ww-Tl.!�_"_-__. .. 1^�•11!+�.. i- .�wlll`-I�:wT. T-��l.RilY�w._._ _ .•... .. .. -..- -..NU.} Map ID #37: Governmental Purpose - Lake Elsinore Cultural Center APN: 374-173-005 Address: 183 North Main Street, Lake Elsinore Lot Size: .17 acres/7,500 sq. ft. Land Use/Zoning: Public Institutional - Lake Elsinore Cultural Center Acquisition Date (AD): 05/04/92 Acquisition Purpose: This property was acquired for governmental purposes from the Methodist Episcopal Church. The purchase evidenced the Agency's investment in and commitment to the historic downtown area, providing an assembly hall for City Council and Commission meetings and other civic gatherings, while preserving the historically significant structure. Purchase Price/Value @ AD: $189,000 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract The Lake Elsinore Historical Society leases the basement of the obligations re revenues: Cultural Center for $1/year for use as a historical museum. The remaining lease term expires January 2017. Environmental Unknown Contamination History: Potential transit oriented The property is not near transportation nodes and is alread9TOD.The development (TOO) and thus, not capable of supporting the density associated withadvancement of Successor existing governmental use is consistent with the AgencyAgency planning objectives: objectives. The property is located at the boundary of the Historic Districts of the Downtown Master Plan and is included in the "Key to Downtown" implementation Plan. These planning tools were funded in part by the former Redevelopment Agency and federal and state grants. Development and rehabilitation pursuant to the Downtown Master Pian and implementing documents are important goals and objectives of the former Redevelopment Agency under the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. History Previous Prior to the Agency's acquisition in 1992, the building was operated as Development a church. The building is now designated as the Lake Elsinore Cultural Proposals/Activity: Center. All City Council, Planning Commission and Public Safety Advisory Commission meetings are held at the Cultural Center as are other municipal meetings and events. Proposed Use/Disposition: The Cultural Center is a significant cultural resource to the community. The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing operation as the Lake Elsinore Cultural Center. Historic preservation and government administrative uses are permissible governmental purpose (see for example, Gov't Code Section 37361). Notes: While the property was acquired by the Redevelopment Agency and title is vested accordingly, the City of Lake Elsinore has historically paid for all operating and maintenance expenses of the Cultural Center as a municipal facility. 4 Of 'OL 4t i r M V' f F I C71iRCI S: CITY Of! LAKE F.I.SIiyfOM , COUNTY OF IVEFLSIDF -00 CITU or LAKE ELSINORE IRKI0,iFl Rt: a D U.DQ17�0U25 MILES ID 37 AERIAL VIEW """"""'"' N SUCCESSORAGENCY PROPERTIES .1t. vr...'...^.-.r':r-sr�-.•r�Mter+a+.+wr...--.-%sir-+r�..r+.4w,r�cet%s..:---irre7i+wLwi!r.. :.#e.,�.r-i. •tea •:wr-—r�ek4.�'r'c:a�`,�+s3s� r:v+�T..�sxrr..y+ccsr+...,�..w(: Map ID #38 & #39: Governmental Purpose - Downtown parking/alley APN: #38: 374-174-014 #39: 374-174-015 Address: 114 W. Peck St., Lake Elsinore Lot Size: #38:.05 acres #39:.14 acres Land UselZoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties, The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): #38: 01102/91 #39: 01/02/91 Acquisition Purpose: Unknown Purchase Price/Vatue C AD: $150,000 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues 191 contract None obligations re revenues: Environmental Unknown Contamination History; Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goats of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plans and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing implementation Plan. No opportunities for TOD are present. History Previous The property is improved as parking, alleyway and service delivery to Development Main Street properties. The property has no development potential. Proposals/Activilty: Proposer! Use/Disposition; The properties should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property_ Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown panting. No revenue is generated form parking as parking in the downtown area is free. Map ID #40: Governmental Purpose - Downtown parking/alley APN: 374-262-003 Address: 118 W. Graham Ave., Lake Elsinore Lot Size: .09 acres Land Use/Zoning: The property Is improved as downtown parking and alleyway/service delivery to Main Street properties. The property is designated General Commercial In the Downtown Master Plan. Acquisition Date (AD): 01122/g0 Acquisition Purpose: Unknown Purchase PricelValue @ AD: $79,500 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues $ contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals/Activity: potential. Proposed Use/Disposition: The property should be retained for Governmental Purpose and 1I conveyed to City of Lake Elsinore for ongoing maintenance for downtown pubic parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of i the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue is generated form parking as parking in the downtown area is free Map ID #41: Governmental Purpose — Downtown parking/alley APN. 374-262-004 Address: 110 W. Graham Ave, Lake Elsinore Lot Size. A9 acres Land UseMoning: The property is improved as downtown parking and alleywayiservice delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 06119/09 Acquisition Purpose, Downtown Public Parking Purchase Price/Valus C AD: $42,262.55 Est. Current Value: Unknown. However, like most governmental purpose properties, the property Is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Pian for the Rancho Laguna ,Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the aoquisdion, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Deveiopmarrt delivery to Main Street properties. The property has no development ProposalslActivity: potential. Proposed Use/Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets A Highways Code Section 32501). Notes: The property was acquired by the Agency from the County of Riverside as tax -defaulted property. The purchase price was paid by the Agency but the original tax deed vested title in the City of Lake Elsinore. A corrected Deed conveying title to the Agency was recorded on 10123109. While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue Is generated form parking as parking in the downtown area Map ID #42: Governmental Purpose — Downtown parking/alley APN: 374-262-010 Address: N/A Lot Size: .14 acres Land Use/Zoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 04/79 Acquisition Purpose: Unknown Purchase Price/Value @ AD: $12,500 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair, Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOO) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. l and the Downtown Master Plan. The implementation of the Downtown Master Pian and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development ProposalsfAcUvity: potential. Proposed Use/Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and Intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue Is generated form parking as parking in the downtown area Is free. Map ID #43: Governmental Purpose - Downtown parking/alley APN : 374-262-011 Address: N/A Lot Size: .04 acres Land Use/Zoning: The property is improved as downtown parking and alleyway/service delivery to Main Street properties. The property Is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 06/19/09 Acquisition Purpose: Downtown Public Parking Purchase Price/Value@ AD: $5,625.07 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No_ I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009-2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property Is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development ProposalslActivity: potential. Proposed Use/Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). The property was acquired by the Agency from the County of Riverside Notes: as tax -defaulted property. The purchase price was paid by the Agency but the original tax deed vested title in the City of Lake Elsinore. A corrected Deed conveying title to the Agency was recorded on 10/23/09. While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. No revenue Is generated form parking as parking in the downtown area is free. i l / � � a f v r fi II No op F i 1 dt w 'yam SCiuKCtS:CI'M OF I AKEL INOPLE,CQUFJTYOF 'IWLRsIM s CITY OF LAKE ELSINORE 1 H t LSIIVcw 0 a©o250,045 MI LES IDS 40, 411 42, 4 3 AERIAL VIEW N SUCCESSOR AGENCY PROPERTIES; Map ID #58: Governmental Purpose — Flood Storage Capacity and Open Space Conservation pursuant to ACOS 404 Permit and MSCHP APN; 371-100-004 Address: N/A Lot Size: 4.35 acres Land UselZoning: Eastlake Specific Pian Open Space Acqulsltk>n Date (AD): 11/30/15 Acquisition Purpose, Property Exchange Pursuant to Civic McMillin (Summerty) DDA Purchase PricelValue @ AD: Assigned value as of date of exchange based on 2008 appraisal of the exchange properties was $242,804.39, but recent appraisals of similarly situated open space properties Indicate a value of not more than $5,500 per acre for a kM property value of $41,325. Est. Current Value: $41,325 estimated current value Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The properly is located in the open space area of the Back Basin and development (TOD) and does not qualify for TOD development. Maintaining the property as advancement of Successor open space is consistent with the Summerly DDA and Successor Agency planning objectives: Agency planning objectives to satisfy the flood storage capacity and open space conservation requirements of the ACOE 404 permit and MSHCP imposed as mitigation for the development under the Summerly DDA. History Previous The property is an unimproved vacant parcel with no known history of Development any development proposal, Proposals/Activity: Proposed Use/Disposition: Open space conservation and flood storage capacity consistent with requirements of the ACOS 404 Permit and MSHCP. I Notes° MORKM