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City of Huntington Beach - 1983-06-20
�{ ) �: ` All J' f = r, tr7 `.r-' ,'� i; - Amy I'/ ', Y, "r• 1 ', 1,. , •Jr >,+�: 4� .41is 1 _ (/.�i '' +1 '-,..•i •.. r, • ,.:1.:..>, ...;r1 ..-.,..\t._.i�� } c.t.,. _......_....,� it .. � a >.h. tkr.,.,ru`_.i..ti��l"i.../,t.•...;ii..t�' � �4 �;.1K'1.i�"Si.SL.+ . {.,:u� V "� � 1 '�1 14, i , fI r DFpFvr�P�► �T :���Ncy j ,�L l_ ,:. r..>~� , y'� ,) REQUEST FOR CITY COUNCIL ACTION 0.3to Septemoer 21, 1992 1, Submittod io: Honorable Hay or and City council t, Sub;nined by: Hi chael 'i . liiteruaga, City Adnini str� I Prepared by: Robert J. Franz, Deputy City Administrator 9at•bara A. Kaiser, Deputy City Admini strat Subject: .Ll"PRUVi:D by 1 •' � OPERATIVE AGREEMENT AMENDMENTS71 ' Consistent with CeAuncil Policy►' p9 yes e,�,aT� � '' t/ New Falicy or E;xceptio 'li'� �` r . Statement of Issue, Recommendation, Analysis, Fundln Source, i �•t - ., �,,, � , � —� Y !I Alternative Actiohs, Jtlttechmenta, • , i1 r� � tY � ' I ! fJ , r 4 _. , f •r , 1. �`t r J i : itlJf.. r`71 1 i I � i rt I V105/85 STATEMENT OF ISSUE: The Agency is required to file an annual statement with the County of Orange documenting the debt of the Agency. This statement of debt is also needed for audit purposes.M =2 ` OAT: That the City Council/Redevelopment Agency approve the following operative agreement amendments for fiscal ,year 1991/92: A Increased p (Decreased) ' p€IQ -Ci ty Main/Pier Amendment Number 11 $ (14 480,079) Talbert/Beach Amendment Numher 11 ( 1,135,390) Oakview Amnndment Number 11 127,465 Yorktown/Lake Amenoment Number 10 344,444 Huntington Center Amendment Number 10 i—_ iO3 .488-) Total $ Q5.2 7-Q48 HALYSX$: On August 3, 1992, the Council approved a financial strategy plan y ncluding a deb„ repayment schedule. Staff is now presenting the M scal year ^.91/92 City/Agency dibt analysis. in summary, the'total debt to the Cit untinrton Beach decreased by $15.247.147 and total Agency debt to all yes ecreased by $13.098,525 for the year endinv June 30, 1992.MW partiesT'f +�► in-i . "'� ll rl) LU v r Jr I s•" x ,r R, A, . » � a�}/�1��'•.T Ir MT^h.h 1.t1 r.i: /,. ;)•' 1.�.I.7�k �" ,� 'Tr7f•ffCl 1Ei'+ , •. .77f ) ! � f) f'�;{ �•'��t (' ' 1•y+,j}'y�r) �{ }', .i ti, I )L ���� �� 'fjt', _ t I •Y i ' J� ., 1: ,�.' • �� � f.' IS, '(it�'P ��''.' r�� r,�' * .4 1 .t r �':> 't ' It ,;t4c- ,� � ,` ,; �, ,t _ .� � •.. cc^4 �.� iW ;,,xt• .), i . rr •�it yy}} xl v �� �t •,if'�l4 C•ir U. ' ,' ` -' ' ,`'• ilr', f y 1�) � 'fr r;J lfr�—y�'+i ��.,,�'I �-2it-�' ''�y+,,��,I�p .., • 111J ; i' � r ! j s• r✓t;f . �I ..t' _ ii� , ) r i ['1•�� ,i i� r• ,i 'T.-'. / :i .�: �'�..1. � \ I I � i c SSr'l Ij r'c .T'J. I• r: , l :r; R, A, . » � a�}/�1��'•.T Ir MT^h.h 1.t1 r.i: /,. ;)•' 1.�.I.7�k �" ,� 'Tr7f•ffCl 1Ei'+ , •. .77f ) ! � f) f'�;{ �•'��t (' ' 1•y+,j}'y�r) �{ }', .i ti, I )L ���� �� 'fjt', _ t I •Y i ' J� ., 1: ,�.' • �� � f.' IS, '(it�'P ��''.' r�� r,�' * .4 1 .t r �':> 't ' It ,;t4c- ,� � ,` ,; �, ,t _ .� � •.. cc^4 �.� iW ;,,xt• .), i . rr •�it yy}} xl v �� �t •,if'�l4 C•ir U. ' ,' ` -' ' ,`'• ilr', f y 1�) � 'fr r;J lfr�—y�'+i ��.,,�'I �-2it-�' ''�y+,,��,I�p .., • 111J ; i' � r ! j s• r✓t;f . �I ..t' _ ii� , ) r i ['1•�� ,i i� r• ,i 'T.-'. / :i .�: �'�..1. � \ I I � i c SSr'l Ij r'c .T'J. I• r: , l :r; es 'Ilk iA REQUEs r FOR CO(JNC Operative Agreement I" 'lit SuAmar y of Changes in Wevelopm 1991/92 Total Debt to City 7/1/91 rt It,' Vs Increases In Debt Direct Advances Indirect Advances Land Sales Interest on Prior Deht Total Increases Decreases In Debt Repayments of Debt Other Debt Reductions Total Decreases Tot. --I Debt to City 6/30/92 �4N , I i Ji W: AC1 ION menoments it Agency Debt to City qO,950,179 639,880 171,902 3,064,730 9,341,047 (23,250,518) $ 124,08-0 U l.XT $ 2idQAJ..0 Description of each of these categories follows: 1. Direct Advances - During 0P year tlie following advances were made with Council/Agency approval to the ;rain/Pier Project Area. ILI Parking Ailthor;ty Advance/Beach Maintenance Facility i 100,000 M,.- F. Advance to Pay Off Omahandro Mortgage 397,5D0 'k Lcan from Emerald Cove 42,380 ,,in Advance 'or Griffin Properties Attorney Costs tt Tote.1 A&ance3 The advances originated from the following funds: -J General Fund 497,500 Emerald Cove 42,380 Parking Authority Fi .JiLm Total Advance. $ 1. latgrLq - The City charged the Agency 8% Interest during the year on all outstanding advances. Interest accrued to the followitig funds of the City: General Fund: Direct Advances 701,446 Indirect Advances 1,079,422 iand Sples _3.11.MAA S0-Total General Fund -2- NPADSERT:1074 46 01, JI, 4; S 0 All X Ll C iu �''y 1"���'t,,;�_,,(r, ,�.�y `'��{��..� ..., •.,. .•..a«t.i....iu�i....a.. -4...�......_.u_..._,., Y,1 '[ } ��,ryX�` :' REQUEST FOR COUNCIL ACT!ON Operative Agree. -rent Ameniments 10 Other Funds; Cas Tax Fund Water Fund Sewer Fund Drdi nage Fund "i Park Acquisition and revelopm,r ParK!ng Authority Capital Improvement Fund r. Sub -Total Other Funds Total All Funds J. Interest Was accrued to the following Project Areas: 52,272 134.501 21,772 36,215 198.312 81000 9•(�U8 , r,�' 470,080 $ 4.789,907 Main/Pier 214,sni Talbert/Beach 89,334 Uakview 2,184 Yorktown/Lake $ 5-464,J Total uscd to compute the indirect costs The MSI report was 3. n f the Agancy. The HealVil and General Fund on behal f o i!t-he G incurre4 b - Safety Code allows thidse charges U to t� Agency. The appr;0103 Request for Council Action author0-t-d crediting of certain amounts Fir.1%)w is an analysis ior how the ciwiullt against this indireci advance was computed: 466,488 Total HSI Amcunt Less Crtdits' xic Cleanup ( 50,000) Nine IN Sea To ( 48,GN) officeRent Loss TA - — - 045,M) /Convention Bureau H.B. Visitor 1,387) Appliances _(.50,0001 General Plan Amendment Total 1991/92 Indirect Charges .- U L &� The breakdown by Project Area is as follows: 29,055 Main/Pier T-0bart/Beach 13,532 Oakview 64,875 J) Yorktown/Lake 54,322 HuntinLton Center Total 1991/s2 Indirect Charges 0 -3- WPADSERT: 10741, i' f�5 �n(!t}t} w r r _ ./_ .. ^•l: t 1 f - Yl-t? 'A , itj.. J" 4,r I it AA- -A if I0 It' o 1, IN a ■ I = I M t. 11 ' *Y`'•� T"' 1��r �•%f '!'�i�,'r�\�V)�/a,�,a�li, •k JMi l., �y ee �f.���,`�•�:� •'A7 r;� ' i T R`?"i, Y��=MI7'. 1J S:ri1. •1,a !G,`:'j......1 .... ,I{.JI:.;._`.li.. 1 + =•It II ire l 1 11 LYrj h i ,( o,. 'r'„ •�' � 4.,. •�� . ,. •,' ram`{�}�.N�\1��� w r. ,.�1, r .i'..'��•."..�..,T � s�L•li.L. - �i'.$rr.u'' ( ''ir:ir�yi� . rr( � �����1�' ". +t kEQ(JEST FOR COUNCIL ACTION �rf ,' Operative Agreement Amendments ! 4. Land Sala — Guriny the year the City sold two parcels Redev0opment Agency which increased dPht as shown belowi ' I •, f N,in/Pier Project Area: • ; r , r.i i to the 1 't►' Third Block Nest $ 2,819,730 l;'I Yor towC tLake Projgct_Argi' ' Pacific Coast Homes Agreement 245,000 lotal Land SalesAr i ; Al ; • 5. Other Debt Reduc.!.jons — The August 3, 1992 Request for Council Action, authorized the el'.mination of the entire amount of Agency debt incurred �:�• `'1+ �?►j , .�; .I from Cssmuni ty Development Block Cr ant (CUBE) funds total 141 ng $1 172.07. Waterfront lease payments totalling $165,000 for the year vill b) credited against Agency debt. Below is a suniary of how the Y= amcjunt•; reduced Project Area debt:; r Main/Pier ; 27,094 -1 r Talbert/Beach1,043,845 - Total Deb: Reduction + , �,�• 6. Repayment of Debt — Debt repayments originated from amounts 1n the ` 1992/93 final budget, amounts authorizes: by Council dL.r'ng the fiscal year and amounts authorized by thq P.ugiv' 3, 1992 Council action: "� rtx,' ``+.''• Repayments of debt are summarized below: ' t Budgeted Debt Repayment $ 972,000 from Fterald Cove Proceeds } Griffin Attorney — Costs 1001004 Parking Structure Lattd (plus Interest) 4.094,058 F Y^ , Parking Structure — Building (Plus Interest) 18.00.13 ` ' Il,. .a ' i 1 r �i •�r.t �', It 1 i Total Debt Repayment $23� .518 �•t ;. �r All of the repayments ents were applied in accordance with p ym Pp previtus Council r, (:` direction. Interest ar,d principal on direct advances were credited first. ''► �'' Lh� :} i t• �A . i J � } ��i 1. '�,,'(^! I, •.f, , � h .rL,,. ; ;t ,;,xti� These operative agreements do not address changes in debt from non —City . I.i 5j sources. The loan agreements from the Huntington BedCc P011C Financin y Emerald Cove Certificates of Participation (OOP's), e4'rtgages, and Si 'd ,• �,,� l � Authority, notes payable to outside parties are not included hecaspse each contains a t separ, to agreement. However, the amounts are summarized in Exh 1i bi t I (Suwo-ary i of Agency Debt at June 30, 1992) and Exhibit III (Summary of Changes In Outside Debt). s r � , n •� �• • ,';� , e rw. r?! �.,, , j, fir. 1, II NPADSERT:1074 rt, 477 • �rj !aI .�i � ,(r n� 4.• A, f 1j .Z11 t ice. \t+ ' I ! .+.�r / rI 4 ,Y r �'+1 •, ' r fvS . ( �t'1}5(�,r r�., !�, Ai xJ i, rNi �L',,• i, , ,�' 1.i, ..i'1 � • `, r+ ', i 1' , -+ 'f �rl 'hi ,+,t•I}lr( � 1d�1 1r r '!1 " �" l'' I. ' ,q �•• '' i)'•. t !'-�i lf' 2,� tits ��� .' �l .YI• II,F .I 4 T,T. I 'j1 1T. r r'' 1 r , �• � 4 '1 i ,, � r� � r,� .' t y�� 'I it t' I l ll. f. f,.. n ,•� l . F �•r , �,•�'�t,t j t � 1j y ,l,l�"�• (may -.; • ,, .�i.... ? a + Yrl t t ; .wl jet ,t.r ,I (, J ••.itl J r i f '�+i``R. 1•r�fl�rfr. +V ^I 4` fir` rt •?yrl +��f!�' ' ' .' 1' t"- ,• �j 4 11F dJ rir� , 1'"..1Y{,,.••!!!j1 '•(.2 ' � I t; . 1,;', •7 t y N j ''�. r 1 r r+r� ' tt Yd:.';;� t {l.L •9t'+(j y., j! 7t q f]••++ •., f r, t .`, ,tot t �1 r - ' ( ' 1 :}1, ...�,, ,y+j rI n, ,' v l�jr,J�r J, r 4 ks }F r/,3''J• f, h'C. , .� r+ l,,t,(y•1. 4AQ+ '`! •.,"r r'r ' +iry + (I'tl ,![rite r'ih. }�;;rf �' � ;JG ' !t �^ � } „ {� i a i:i >rt i^ • •rf r. ,+ •(�'l .. re'(�r. ` ,I 5.=+� �t 'rl: <•f ,�Yyy} 1•, " " l� k' ., ..� I f '•� "�i' r •� ` ? r�'ZI :�•, i/I�rr �k 7 /]r • + �� • It � r }, , } i. r,i �r: •r '`+ a , 1`~r�G / ti,,��+ ` t�.' I�J. ,, ,' '.1 r 1 '• ,+ , �r.v' ' ; 1. }J `yr,i�a�r�� •Zk`3!=tit. i 4': / :', '�'�•+J' �'' 1j`� 1 ,r�'M . (, 'I 'v 4.. 7 ij r' �t� .?�� .,,Z. . "I `! f,;t �� i:� •1G� :1.4 t d� • I N REQUEST FOR MJNCIL ACTION Operative Agreement Atindments (Y ALTERN, TIVE ACIM: I. Approve the amendments with mudifiLations �� + ,1 :' :1; r, a 2. Do not approve the agrepments. SOURCE: Does not applj. EMING ATTACHHEM: 1. Exhibit I - Summary of Agency Debt at Jane 30, 1992 2. Exhibit II - W.-anary of 0anges In City/Agency Debt 3. Exhibit Tir - Summary of Change: in Outsiae Debt A .064'1, Ny IT A oto Per WPADS[kT:1074 -5- mill Jr 'If P'N ,il. ,y r r 1 .. ,�#• �'-j' •f (d .', ( t, j+•. L.;t . ,,li . r. `t ../,. qz. I" 1 01 I j-W V RIM" M 4 WPADS[kT:1074 -5- mill Jr 'If P'N ,il. ,y r r 1 .. ,�#• �'-j' •f (d .', ( t, j+•. L.;t . ,,li . r. `t ../,. qz. I" 1 01 I j-W V RIM" M 4 I. 'r• F : 1 t�� r, ♦ r I'a rr I�• � •i 1 f, ,•tr t•,t �{t��' z� '`•, (:".�'r•',.,�.,lil„ .�, .1.., t'•-�" 1. "Yoh ,'tr,5f ;t. YI, • ,r t`��T'f�,1::��L.,•,,,,�' ' } y ram, r:: w,.•... .:.. x..: j _ _�.. I! -. �i. .,. ...S.k,.,. ._.w, '..._., ._;tis...._ .. nfTT%J,•- 'a j f +,f llt •� � �, tr � L;;TENENT OF CHANG!$ iN CITY/AGENCY DEBT FISCAL YEAR ENDING .TUNE 30, 1992 TALBERT/ VORKTOIIN/ HUNTINGTON MAIN/PIER REACH GAKVIEV LAKE CENTER TOTAL GENERAL FUND PRILCIPALS ►OAR21CAtH ADVANC'MDIRECT) S39,880 519,880 �'• '';' INDIRECT COSTS 20,056 13,512 64,875 10,110 54,32P 171902 LAND SALES 2,519.73D 245,060 3,06::730 n TOTAL GENERAL FUND PRINCIPAL 3,358.661 13,532 64,97 255,110 512 i Si ,�,, if ADVANCES PARK:NU C.UTHORITY ADVANCE 100.000 T00.000 TOTAL ALL yDVANCES 3,488, 66 13,532 64,11A 255.116 54,329 3,1376,512 INTEREST ON GENERAL FUND DEBT 4, 52,6T2 �1,047 278,22it 70.126 92,183 - 4,994,456 INTEREST 04 OTHER FUNDS DEST 237,315 213,756 0 15,008 47A,977 f 1,; �Ti•' �1 TOTAL ALL INTEREST 4, 89,987 214,303 178,228 692,183 5,464,535 TOTAL ALL iNC1EALES IM CITY DEBT 8,278,6i3 228.335 343,1 3 344.444 146,512 �,341,OC7 DECREASES: 2ENERAL FUND PRINCIPAL 3,133,500 264,375 0 0 2�4,04Q 3,601,915 OTHER FUNS PRINCIPAL DiCREI.SFR 14,97,7,118 1,049,843 15,638 15,791,601 TOTAL PRINCIPAL DECREASES Ii,060,618 1,313.220 15,638 Z 19,593,516 GENERAL FUND INTEREST DECREASES 1.476,358 50,505 20t`,C00 0 45.960 1.772,813 OTHER FUND INTEREST DECREASES 3,2I1,756 3,221,756 TOTAL INTEREST DECREASES 4,491S, 14 200.400 0 4 ,960 4,9 44.5-79 TOTAL ALL DECRE?.SCS 22,755,732 1,363,725 215.6 0 250,000 24,568,095 NE1 I!SG?'ALES (DECREASES) N.480,0 -I.M.390 1 ,4i 344,444 -1l' ,4 -1 i4I,046 OPERATIVE AGREEMENT ANDUKT 30.039,240 4.042.002 l,661,035 989,119 1.418.763 90,950,179 JULT 1, iV91 OPERATIVE AGREEMENT AN•3UNT, 66,159,161 2,95,6 2 3,788,520 1,333, 6 1,315,27- 5 iS,703,131 DUNE 30, 1992 LUS 19VIK2S0S4=rSIZ02S&8s8e fL 011400US nU VS6% 18US fa i r7s sf 21a go ReIN US a a S a a 0 Nair AAaa ��ty�d Xf��t.. ' f W / ] / 1 t � -•yam. t{I� 1'7 V6 •�11�L�y!•,!'7irINMMrrWl7v�ra.w,vne�►r�+.a•warma+Y_: y� C� }y tt ., i •• j1r,.r. !�er(H: '. "Tf'r��^F ;�►.W6 `'�'•'.1���rr�'' � `i j4S,�r •: ,ark.+ t' art •11:: t.'�` y.(i4♦. ��1 fit. Z S r'i (. 1 ' '�, .i . '• !11 t i Y bi•}� �°'f ifl,�'M S'r f 7 Lltr it �' �i { ��•,. , '•.1 + � � �.�� x,, ��r� ♦ �'n�'!x+•�' y -, � � ,i rt .�`. f , _' ;J r,}r ��R,, � � t� �F � k r r `i5r':•. q� yi Si 'r rr�jy�l � 1 ,'' r' ., , !/� �,a��' �J. ('t�f fl�ti�'}r. r.i+, x �i�, 1 r rr. •,�`, _ ,i,y 't, r � i►3, 4S`yi�4,IFU ,'Fjir1�d'� 1,,, '`i •'� i �,. !r. 1 - .I 1j ,i lj �r '�i,, � „ir /`,i i".r l t �IfS 1�1 ti�l`,.Y; r it ��• �xrl :) 1 r- y'� yr. ��� It �� �� , EXHIBIT III A 4 INCREASES IN DEV*, RAIN/PIER BEACH OAMEY LAKE CENTER HUUSIMG TOTAL 1991 EMALID COVE COPS EDUCTIONS IN DEBT TO OUTSIDE PAVIEL: 41 '-. r` I, • , 7 :i ft r ._ .�♦ .. , t1 T� . _„y, ,.. ., .. .._ . - 1 !!;' 1r '?.h rr0,x"'"wHifi'_. ,`! ,JY. a\ 117 10 eg Vi EXHIBIT I !' �1 SUMNAPY 09 REOEVELOP41 AGENCY G'"► AT DUNE 30, 1992 tr, 1 ALBERT/ YORKTOWN HUNTINGTON DESCRIPTION: M1LN/PIER BEACH OAKVIEW LAKE CENTER TOTAL + ! GENERAL FUND CASH ADVANCES I'i,;8S,792 0 658,675 251,353 370.460 12,i'66,310 l`)�. ACCRUED IN1E,(EST ON CASH ADVANCES 1,902,Vd2 0 54,941 202,495 29.637 2,190,035 TOTAL CASH ADVANCES 13,388,?54 0 713,616 i57,8 0 40D,09T 14,956,345 14DIRECT ADV J,0^0.620 19,8577 2,312,060 27F,128 796,a 7,29 , 76, ACCRUED INTEREST ON INDIRECT COSTS 1,2d5,595 1,047 762,844 91,149 110,3dT 2,259,002 i t TOTAL INDIRECT COS15 5,176,215 2D,9J4 ],07 ,904 f6E,2T7 91 ,176 9*555.47a ' LAND SALES 32789147 -" 0 - 0� 245,00 __0 32,834,14r ACCRUED TNT LAWD SALES 12,DOI:n' 0 0 9,800 0 12,011,090 TOTAL ).AN4 SALES 44.590,437 0 0' 254,0C 0 44,AS,237 TOTAL GENERAL FUND 63,155,406 20,904 3 7015520 1,076,955 1,315 275 69 351'064 t i asamaarumasraE"sarRa,-wRtaaatulna aeauasu■Wraaamumaaarsrzurre.rpsmrraataa■ OTHER FUK9S: { t SEWER AOV44CES 175, 000 0 0 0 0 175, ODO �; q• r) { INTEREST 01 SEWER ADVANCES 49,532 0 0 0 0 4t`,53'L r' �' 1�', �,'"€ TOTAL SEWER ADVANCES-224,!32 0 0 SEWER DEF DEV FEES 0 37.888 0 0 37,955 7 ,iZ. +S iNY :EWER DEF DEV FEES 0 :1,504 0 0 0 31,534 ,;,l 5,fc'�"'+�}"• r TOTAL DEF DEV FEES 0 69, 92 0 0 69, 92 TOTAL SEWER FUND 224,3Y2 _ 69,342 0 0 0 293,9 ,�,41` t ,l i ,,,1 mt RmwsnaaeaaaaRaaawaataur■maamamama anus so at. atatam Waauenrtmtaoarnamaapaa DRAINAGE ADVANCES 250I 000 0 0 0 0 250/ 000 1 l INTEREST ON DAAINAGE ADVANCES 137,120 9 0 0 D 130,120 ;11 TOTAL DRAINAGE ADVANCES 388I 120 0 0 0 0 ae 120 .}'•"';x'A Ar : rf l �'• \1 ;1 ' DRAINAGE DEF DEV FEES 0 53,6 0 C0 0 53,650 ��3ea` ..¢{•�t� ',y`` TNT DRAINAGE DEF DEV FEES 0 47,131 0 0 0 41,131 TOOTAL 0R_:INAGE DEF DEV FEES 0 100,781 D r 0 0 100, 81 ;ri .'s`1�'j#'►+ t+'' TOTAL OR FU�9 381171 0 1057,81 0 C 0 498,901 \� J•, Rauxua mammas anus" "SOME ■■ 4aaaamtaa■Assn was me mutt: rum mesa seemeasEIf ECmtEnemEmms PARK A AND D FUND LAND SALE 0 1,740,834 0 0 0 1,740,534 l;t �z; INT ON PARK A AND D LAND SAL: 0 471,130 0 0 0 471,138IJ '•� "� N j lj' TOTAL LAND SALE PARK A Alf[ D 0 2,211,972 0 0 0 �2,2 1,9T2 �.1-? t, _. , PARK A AND is DEF DEV FEEL, G 247,664� 0 - INT ON PARK A AP:t: 0 DrF 9EV FEES C 217,571 0 0 0 217,Si1 {, .l r, • r = •s A , i_4 ,: TOT^L P A AND 0 DEF UEV FEES 0 465, 235 ��� 0 0 465,235 a TOTALPARK A AND D FUND 0-2,6 , 0 0 0 0 2.677.2 asEsantwousat aaesatsa'lsas NessusasasRRmaaafaaatniaa2tEeasafamaMia■i=Run nouns "• ,,- IT WATER FUND ADVANCES 1.138,000 0 0 0 0 1,138,000 {y , INT ON YAIEP. FUND ADVANCES 639,433 0 0 0 0 639,433 x^ i q tt t ti f ti •W TOTAL DATER FUND ADVANCES 1, 777, 433 0 0 0 0 1, 777, 433 nJ F S Ii t•ti , r _ WATER FUND DEF DEV FEES 6 19,6110 0 0 19 6E#0 +°1 `° MIX, »� "rrL\ii+INT ON HATER FUND DEF DEV FEES 18,646 0 0 0 18646t TOTAL WATER FUND DEF DEV FEES 0 38,126 0 0 0 38,3 6,{!>v tin b {� c TOTAL WATER FUND �1,777.43 3 .32d 0 0 0 as as an mmmmmwaat torment anewaassssat"slow Ymaa amsutminat2stmacrCtaeasmiaraeatatsa OAS TAX FUND ADVANCE 500,000 0 0 0 0 Soo Ono �,•� ; Y •r �� i`o- INT ON GAS TAX FUND , • �D9 r 205 672 0 0 0 0 2PS 672 Vl4rL "f►��r{�'\ �' TOTAL GAS TAX FUND wOVANCE 705,672 0 0 .. 101,672 1 U ' S ' a -'•l•■t=•:RmRaeaRRaLaemCmEaRaanataaInstate)"asmmaEan%ranweannet►imaGCaertaawnwana= ' 1�.{.�• 1e P/.KKtNG AUTO ADV 100,000 0 0 0 0 too OGO : �� L i, •, t,,w 4,r,, � tNT ON PARKING AUTO ADV +' + 1t• � 'are. ;X', TOTAL PARKING AUTHORITY 100,000 0 0 0 _ _ Stanmesatassateanete►•aaamaesaespaa�aeaeamsamasnmEatse�aaeaasasatstaaaanslEa ,,��,, °EROL(IVE AGRErINENT 66,359,162 2,906,610 3,7t8,52Ci 1,333,563 1,315,275 75.703,130 ! • �..,, ! l� { na=Rua WERE to amaEatEmta7aeaseta tarata Ea ai RE mm ma as attmJa mrmuamam04t•tEnas E■ a' t '! r". ', ,1i •i:.,r �+R T'"'.,."`�..+►+,laC'R^•,tircte+r.n. .+.+:+..::Y-,: `i = i-i. Tnsxner v "r,,.� F - i �•s�t1��{�%�, f.��}} s 1r mas ..,v ttdl jA•.'i(>IiMa1.TYI '' •, r;+ ! {• �! i .Q0 i �. �+ _ i�+��. r, ,.1� 1� !`�1 •t ,: 4 7.1 IV ';1.eisi? ,: - , �� f I_i '1 z♦•'-�rr:�.1's1�rs'��,'i' '�'-_•. .v r 'a { Y �' , {, , v , 1. 1 t • 'F. � ' , . sl )y, "t 1 �' f' '� ' ; yd� 41 )' �}� �• / `�'� �.f� ' 4 1 J _''1 •.. -'11 _ ,- � ,{ 1 'I�•. \�! ��� Jr� /•III ��,V 1 � ' � l tt C,� � ' ,' , • '7E'4 ., 1. (, , r 1 r l y' 1 c 4 f -. , • j l ti ; �' {� r' � 4 i ' �t,", Y ,� f1 ) '` t - .r ,� •-� \� ' -{ 71 r' Y'«��1 i. 31! r, \ �• - •. ,.•It,r rt "ti ci;. 41. �I' F"01_0j .4r j 'i• 'r 1 � ;Y ,• t• r:441 ,r . L1!r:_,. �iia. ',:J. ... ... _.. ,.....,.+. "c....+1ti1..,,'...... .. .... ::LLB. ., , ., .... .. . 1:'a .h �.._...... r ..... w..- ' WI i7,e h c t� r REQUEST FOR CITY COUNCI ACTION-S /i `i' Date September 3, 1991 Submitted to: Honorable Mayor and City Counci i 1 Submitted by: Michael T. Uberuaga, City Ad,ri;.istrt. r i it it i Prepared by: Robert J. rranz, Deputy City Administrat { ' Amendments to Operative Agreements be i Re evel m nt A n y Sub)ect: P g 14; ? City for r1 scal Year 1990/91 %P Ro M Y CITY C UNCIL I j' �.r Consistent with Council Pal°cy? [X1 Yes [ J New Policy or Exception Statement of Issue, Recommendation, Analysis, Funding So.trce, Alternative AR6ip, Ai ocfi`mon : js. ;�? t•. i! Statemgnt gf Issue: The Redevelopment Agency of the City of Huntington, Beach incurs debt in order to receive tax increment revenue. The Agency is also ;pia required to file an annual statement documenting this debt with the County. +s. y,`�'*, This statement of debt is also needed for audit purooses. This document and , the attached agreements document the portion of the P.gency debt incurred from the City of Huntington Beach as of June 30, 1991. i� r Cr r r j, , t 4�.ti ,tom ` _ ;���,�� ., � 3 •. ,fit �+a- 19 Recommend t o : 0 That the City Council/Redevelopment Agency approve the following operative agre„ment amendments for fiscal year 199019',: pro+ect Area Main/flier Ta','uer't/Geach Oakview Yorktown!' ake Huntington Center Amendment Number 10 Amendment N;Iimber 10 Amendment Number 10 Amendment Number 9 Amendment Number 9 IYicreased Debt To City $ 9,750,539 135,978 290,605 89,293 C5 ,770) Total S 1Q.207. 44 2) instruct staff to develop Pn Agency plan for repayment of City debt, for review by the Agency End City Council, within 60 days, Analysis: Although the City has not provided the Redevelopment Agency with any cash advances singe 1988, the Agency continues to incur additional debt to the City due to interest on prior land transfers and cash advances and "indirect costs.. charged by the City. Vie Agency staff has identified potential debt repayment of over $23,000,000 for 1991/92 (see EXHIBIT D. The City has entered into operative agreements with the Redevelopment Agency for each of the five redevelopment project areas. Ona purpose of these agreements is +o periodically document the debt the Agency has Incurred from the City, the Agency also incurs debt from outside parties, such as the issuance of bonds and property acn:tis'tion agreements. These operative agreements only address debt incurred from the City and not from these o':her parties. However, information for debt other than that incurred from the City Is shown in Schedule 111 M:Iich is attached for informational purposes. i,/,�,,. ..,1 r 'fib+' 1df`�rRQItfYF'iMCyM�'Xt1CILkJ S'±7!!':[�C.i i',: +M jiF '� �,� �1+ty�cN,, •' ' 1 �sr[tir.o.�arYTis7�,!� .q r,'y♦ {.>LJ'yFk / V�'.�,, t. •+ ,i i l `� � �. •. � t_,. - r �' �,, •, �f '!jt �iw '� ' f� 1 1;�11ti}1 ' ':.� f •I(l jt ', � ,� .. � ' . �. , 1,. E ' 1 : '~'� � ' it /�ri�yj t��, ,r' •, r , C..'l. tr.`' t J ` t 11' 1"�t 1.+'� `k At r , r. lei, i P1 ` Y • Ir i ' `' i t' • 1 �l rr t REQUEST FOR COUNCIL ACTION/ ' REDEVELUOMENr AGENCY ACTION Amendments tn Operative Agreements between Redevelopment Agency and City for Fiscal Year 1990/91 Summary nL_Changes in Bgdeyel opme[ t AUan y D_ eb -±2 -Lj,tj( + 19a0!91 Total Debt to City 6/30/90 increases -In Debt City Funds (Cash) 'transfer of Agency Bond Proceeds Indirect Costs Interest on Debt Decreases In_0911 Repayments to City Ne In�rr� se In Debt Total Debt to City 6/30/91 $ 00,742.535 4 ,445, 000 444,274 �¢,; I 650 11,267, 924 ' :r;,i ► 't $..:.n�+.s.� • 17Q „k'I`i'1,�,i�CilrYr'rl� 'i ti on of the above changes in debt is provided below: �' �'� �' ~�� �' A detailed description 9 Iran ter of Reserved F, ridt -- Direct transfer of funds, reserved for redevelopment, from the General Fund to the Main/Pier Project area, .,,i,-)tal ed $4,445.000. Of this total , $2,400,000 was approved by the City Council by actions in January and May. 1991,.for nx3bile home buyout expenses relating to the rriftwood Nub','lehome Acquisition and Relocation ►greemeht. The remaining $P,045,000 was approved for the Abdelmuti Agreement. The original source of the $4,44.9,000 was proceeds from the Redevelopment Agency's 1988 Tax Allocation Bond Issue. The Agency's bord proceeds were transferred to the Genera, r4na in 1980 to maximize interest Earnings. The Hinds were reserved in the Genera) Fund for use for future redevelopment projects. Indirect Cost of CUY's General Fund — The California Wealth and Safety Code allows the City to charge the Agency for overhead costs related to Agency activity. The amount charged to the Agency fer 1990191 was documented in the recent study by Management i3arvices Institute (MSI) a.nd totals $444,274 and was allocated by project area as follow;'. Main/Pier $ 209,142 Talbert/Beach 22,273 Oakview 106,788 YorktownlLake 16,641 Huntington Cent r 69AU Total 05 L j d3 $ 44 S kb'a'1J ,� 11;i WPADSERP: 7;0 art eS try a•ty�� ,. ° T� e d, i ° '�{ I � i .,. r •'r�4 Y .,,� .i ' i 't�► �R:''Sl.;�i(!t,Gt• q r 6 T: t °r a iFtw� Td`A+;.I�ti�Sli�e ,�. >7 ►�< A I:'.: ( 'Its.'i , ,� �F 77 ., , �'•t�t `yfAI%� , +,''• t .t's, �' r., ,. 1 r1 t Ip a �. �' v, ti ",I,� 1 , kit �f �..•r �'r �'. , i � ': , .:, t <,Ii � ,, t1 -\ �" , it 1' �1. •�! .,'', ��.� �i � If. 4, v "<1 � ,+ ` S, t I � - ;, , 1;• 1. Ij ` f , � '. .r t•,, � • ,v t' , 11 � l t . f • � •\, J 1 •u . C l,,y" � k r �•. �r ���y29�y� l�{{{ty, t • ! ! r ri I r,- �j'�Irr�!l ,�171 tt�Y�• u,' 1 •��� t ,�fl � f;l t t ,r t�7. [t ,1.- j _. !� i ,� '� , �,I<_ .1ff�'a �0 M r' l6f t'� r��(\ 1> s ,�T[''.. r`. +i' � it- t:f,'pyP��t'�11i#ili,�... �.��i•rh .tn.... %t..l._.r r'�. ._.l .. .., .... .. ..n•.. i,. ... .�._.... .t .. .,....,v.....r.. 1. arl .._�.•�....14._t.i - �L, ( i REQUEST f OR COONCIL ACTION/ REDEVELOPMENT AGENCY ACTION Amendments 10 Operative Agreements between Redevelopmont Agency • t and City for Fiscal Year 1990/91 � J- r 1. 0 . Intwre;.t,—on Prior Debt - Th. operative agree'nants allow the City to charge the Agency interest on the balance of the debt to the City. In prior years the City has charged the Agency }; 101E interest. Beginning in 1990/91, staff is proposing to reduce the interest rate to 8%, This change is proposed a't primarily due to a general declinp in interest rakes since 1983 when the operative agreements were first implemented. An 0% ;1 Interest rete more real'stic0 ly reflects the CityiAgency's r : r current cost of borrowing. This does not chnl+ge the rate cr �� +!•• I Interest charged for any time prior to June 30, 1990. Interest charges for fiscal year 1990/91, et 11, are as follows. �tl ' :,, General Fund S '4,61�1,yt1 ., y „ P: rki ng Structure Fund 1,336, 354 '� ` rY : 1,44 i ' Gas Tax Fund 48,401 Water Fund i23,605 + ' Urainage Fund 35,032 r+., Sewer Fund 18,866 Capital Improvement Fund 17,600 Park Acquisition & Development Fund 183 101r.+ , ., Total $ Docrease in Agency Debt from City: (� repayment - During 1990/91 the following amounts of tax r ,''`t ;;''s increment r+:venue ware transferred to the City to r d; ice the debt of the Agency: I + '� 1 '� 'I •r ,, I �... p,llcy PaymerIk.LI-ate �tlLSi. Fark Acquisition 6 'fi�•' .,''' T , �: ;' Development General Fund Fund Huntington rcircer S 260,000 0 S 250,000 Project Area Main/Pier Project Area 750.000 0 250,000 1� �c t -, T,'>z0,0' } `r ,,- � ' Talbert/Beach Project Area �•'� { ._19�,i2Q4 160,OCO'4T� r t'r; •7jt s`' Total S.�DO= l00.Od0 1 6 .00a Y ,�4 It �ti l, �.•.T'.i. ., 9, ��� /jSr. y; t (The 1991/92 budget increases the repayment to the City fin $972,500) s r j i� v'r Ir 4+r1! r r4 :l ; k� -3- 77 4 - 1 4 1 ' , .A , . , � ka r � (,N{�'• �,1 T, 45 i ,' - _ , ''!~ f ' , 'C�5 '.:� ij'�{,1 �, ` tr ` ''� I., js}�'. :�` , �' ! , c r;• �•` ,s. f 11..,�)!%, !', i!� t t� „�, I • � , r't�Y � t ! 3 r ' i �,' ''�. t�e +�'�V{tG y+1 S}1•II ' � 6 v �,,1 '- ;��t .. { '1, yi -, T+Mri s' ., t l-r,l !'` ' +• '.IS iI' �:lr} . (}�S;br IT I � • u/t �,, ,- t..-f'�. �. -• •, ••1.•' •; '•.•).'. t, ,. y. ,H t.. ','� . 't' 1 .1 ,,,! li`tl. r':I A� 'L f�' �7 r• 1 r., T {`7. REQUEST FOR COUNCTI. ACTION/ REDEVELOPMENT AGENCY ACTION !ndments to Operative Agreements between Redevelopment Agency and City for Fiscal Year 1990/91 Repayments of Unused_ Pill Strixtrlre Appropriations -• 0 July 1, 1990 $339.000 of unspent appr^pr0itions for the downtown ParKing Structure were transferred from the Main/Pie Project Alea to the Parking Structure Fund, the original source of the funds. Deforr:d DevetppDent Fees -- The Agency pa' d development fees to the City totalling $81,280 ($75,259 ,)f dPferred fees and $6,021 of interest) deferred from the Guardian Center development in the Oakview Project Area. The Agency is to be reimbursed for these fees from Mola Development Corporation (the original developer of the Project). The deferred fees were paid to the following funds: Fun�� Amount General $ 52,432 Sewer 5,870 Drainage 20,248 Water,21Q Tota 1 Shank House Rapavmer,ts - On May 20th, the Luunci l approved a repayment of $40,000 from the Agency to the City to assist in the conversion of the Shtnk. House to the new downtown Police Substation. ;t( Yy of 1990191 Feudvment s of Debt fr4DAgena O—CW: LWWAmon Part: Acqui:ition/Development $ 100.000 General Fund 592,43? Parking Structure Fend 339,000 Sewer 5,870 Drainage 20.248 Water 2.730 Total -4- WPAOSERP: 70 r •;7t, j . _rr , i&4* I `-�r�,�1.. ' i r�i r j. • ' � Irr llr�'?Z} t'.;,1,, r„ y, rt •h ;FL �" � h♦ _ 1 y� :l, �,'L. �'^. e.r, i, � :e, _. w 1J ii",, '• T j, � ' ,,jl�` ��1_s- '' t •. 1'.r ' ,1 �l> • 1j � •.t '�t. i.¢�'',�„ i��.''.ir+. r ,. ., r�r,11:i SI 1 :,++i', '�%ir•nW 'iP t y�1 �tt' ` .?I �, } 1 ` , 1 T•1"T ,,'•►'•'1 .'I,','i. t� �1, ,rig', f. ^t I!', t ',' �� f (• , ' � L , r"! 1 /,rF. 1 i' 'I , �1 r •'!l ,t ��,rt.Jr, % �4 •%,'�.•� i ^���, 1'. =1� �r �ti fS'N ,��t •� l+.r3 #.��'s� 11 �•.r. tt. ,rIrt r t I';llr _S 1 f ` 'C-"-saF� �*'r Iv' �! •" Fs�.,r�, .}r' '�..h,,. . .1 .,� i� 1 /.., d/ r;;ytif 1 r ; fit: , t Y �'� f'' � � ��l, � �''"i '' 1I •�, (' j`i 1' , i � it �i' • f: Rib Iry ,Mt P11 11 A.' REQEST FOR COLMCIL ACTION/ RE0EVELOr-MEHT AGENCY ACTION Amepdmpnts to operative Agreements between Redeypiopmen. h-jency and City for Fiscal Year 1990/91 Not dpplicable. A I t e r n a t i y e. AW-0—ri rove the agreements 2. Approve the agreements with modifications. ... .... 1. Exhibit 1, Potential Debt Repayment to the City: 1991/92. 2. Exhibit 11, "Summary of Agency Debt to City by Project Area, June 30, 1991 11 describes the type of debt outrtanding fcr each project area and shows all debt Incurrsd since 1978. 3. E )m xhibit Ili, "Statement of Changes in Agency Debt fr. City for Each Proj4,.,,. Area for Fiscal Year 1990/911, details the changes in debt for e It. h project area. 4. ErNib:t IV, "Summary of Total Agency Debt" summarizes the dobt of not incurred to the City. This Eacn roject area including debt informational purposei. Jt exhibft is shown for info 5. Amendments to Operative Agreer 0. CA VfJ J li A_ . Vr. 0�2 'd 'n f - i It WPABSERP:70 #A IMP", A 0 It , Ig If r 7 ,4 Ir 41, , IT. -It ell All Le7 ifr ly F- `�l iil,%Mw r(.)VIM J. 4i I 1 r r, EXHIBIT I { 9,16/91 REUEVELOPMEN-T AGENCY ' .'01EN'IIA1. OU'll 1tEI'A`fMEN'I' TO CITY FISCAL YEAR 1991/92 1 MTWATED 1 ��72,500 General Fund' �\ rI' Budget 1991/92' (Cnsh) y 9113,00S Parking Structure Fund North or P!cr Pa,► king i i Structure Uesign (C,�sh) t Koury - Maia Promenrid'. i 226,00C Parkiing Structure Fund/ jrr �ornnle •clal Space (Cash) General Fund 2.200,000 Pa. c Acquisition & Emerald r?+re (COP Refinanc,! • Cash. 9eveln�rr,e �t Fur-i Parking c3 iUcture Fundy j .{ Transfer Main Promenede 17,PI9,411 r Gener'll fund (Lard &. Improvements) to City } General Fund %Vind an Sea Toxic -- 0 Cleanup (Cash) r TOTAL 9532r i i► i i ^Ea�, r��,, i .; � t'. . ","..:... •..... ., t,lT Yar'!�'� ' f �{r I '• ` � ! t 1' 1 ' it ! tc }Y//{ a'',.'� �,r, a'�1 I :r r(,' 1 r a✓' r � 1' � ' • 1. x a 1 \r.a4`t' I� - ----- - -- I A • EMU; 11 SU414ARY Or AGEIILN DEBT BY PAMCI AR' k JLI?I[ 30, 1991 TAtUERI 14A 1-./o I CR 91'ACH o\KV!1W )t KI P/I.AKt VG CTR TOTAL GEhI'RAL FM (SLX1 CF.S OF PRIVIPAL CASH ADVAkCES $5,696.893 sn 1.1,00,344 1III09.9:,d SS41,755 17,358,950 1, 16 It, Sli 6 4 09, 4r. j 775, "17 -.4- I kr)I R." '! Cos 4,675,583 7,98S to TRANS fR M VENCA (!ill:') DI [It 4,445,000 /., 445,(100 LAID SALEt 32,902,917 0 0 0 13 32,702,917 ACCRi:cn INTHIST 12.113,537 :io,sos 739,557 133,11a 101,781 13,238,491, 3,70 7-7511-71-J-774=, TOTAL PRINCIPAL GENERAL FIM) OLOT Of OTHER FUNDS SEIXR FUND -37,900 6.1.252 0 0 0 272,152 DRAINAGE 1UND "59,370 93.316 0 0 0 452,686 PARK A ANO El FLIND 0 7,oitl,A75 0 0 0 2,478,895 WATER FUND 1,6.5.771 35,487 0 0 0 1,681,Z53 PAIRINCSTR 18,040,780 0 0 18,340,781, GAS TAX FUND 653,400 653,400 MG-CRANT F11140 103. 091. 1 01.11. IV. 0 0 1,17?,57? CAPITAL IMPPOVf.MLNT FUNO 0 D fj 7, emi) 11 23-"600 TOTAL PRINC11141 olhri rwms MAL PRII,.IPAL DEBT, CITY T-F OF HUNTING704 :-1Arjj v 0 jj -If i-ll o* f FXHILIT III STATE)IENT OF CiMCES IN OLOT BY Fi;OJECT AREA ( i ALL FI'.1E PIIOJECT AVAS JL11.Y I. 1YV0 ir1 JI1Nf .3u, 1541 hW N/Ir'FR TALrEFT/PFAfH OAIMEW YKTN/LAKE ,1T6 C1R TCTAI INCREASES: FXHILIT III STATE)IENT OF CiMCES IN OLOT BY Fi;OJECT AREA ( i ALL FI'.1E PIIOJECT AVAS JL11.Y I. 1YV0 ir1 JI1Nf .3u, 1541 hW N/Ir'FR TALrEFT/PFAfH OAIMEW YKTN/LAKE ,1T6 C1R TCTAI INCREASES: INDIRECT COSTS 90/91 5209,143 5,17,27.3 S106,785 %16,f•41 :89,429 1444,274 TRANSFER OF P,CENr.Y nnun F'A(1CIrr1'; 4,445,DO0 ..445,n00 IH;�kESf, iiSCAI. 1'E/R 1990/91 5,725,39`, 213,7i: 26S,C97 72,652 101,801 6,37!3,650 TOTAL INCRWIS OF,CkrASES; TAX IYCRENENT REPAYNEIITS 111tU5Ln PKG STF; EI'PROi' SHANK HOUSE REPAYAM OF OEFERRFD DEVEl01'FIEhT FEES TOTAE OEC]EASES I NET INCRFASES f i PI.US TOTAL DEBT. 6/30/90 tl ;I I '339,000 u n-40,000 -81,28U n •250,000 •1,060,280 al 89,2 `3 -58, 770 10,207, 544 3 71,088,702 3,906,W. 3,37U,450 ,959,8;6 1,477,533 80,742,535 • 250, Ii:10 100, 000 •33V,000 -40.000 0 0 -- — •91,'80 •629,GOO •100,000 —-81,260 5,750,538 13S 9711 NO.605 TOTAL DEBT, 6/30/91 23 ,t3W 4! s4,M.N2IiI, , ,ii�i—'. i 1 r , I I - 1 r; , z f Yl' ti/ + i 1119) I,11 1y •t•, ) •• a i t1 ' ; 1 1� , } • 1 1, 1 �. " • + �, \ 1 %'Ir r•rl S �� � 1�I cc t f7,V_iy r r, ' Y ` ,fir• m ,m rr r E* cHlpl*l IV SLMHARY •)F TRIAL AGENCY 1)E117 JUvE 30, 1991 MAIN/!'ifk TALWAIT/11EAC'H OfAVIEN YKTN/LA\L HTG CTR 1004 IAC MSG 10TAL 0181 10 CM OF HLWInGTOv 1H0,439,24o 14,O�2,0)2 S3,e.61,055 i•9b9,119 S1.413,763 iS•0,950,179 POACH :1 .+ TAX ALLOCATI04 60105 c i �Y,9At 1,177,C64 ' 7,490,15T 0 E,:44,SS4 R,il10,_'6� %3,A50,8•'iS HnRtWIES TO Fl1RCHASE F'RROPC�T! 1,412,500 1,41r,500 ! EFIERA,D COVE CEST 4, t00, CDU /., SCG, OaJ H1YEt t.nRl',/l1ATlt1^;+, 'x%N !,O.3,. S,E.5G,363 it r1 it � S,i ip�•(,�c� , 1• r m I REQUEST FOR CITY COUNCIL AC-PTION1 E September 3, -i991 Date Honorable Mayor and City Council � S.thrtitittcd to, Honorable y � y - Michael T. Uberuaga City Administrator Subntftted I;y: p,^- ;.� �-•�'� . Prepared tty: Robert J. Franz, Deputy City Admini stra `r— Amendments to Operative Agreements between Redevero ment Ageno(and Subjuct: City for Fiscal Year 1990: 91 s� I Consistent with Cottncil Policy? [XI Ves j 1 New Policy ,ter Exccption Statament of Issue, Recumni6ndatiorr, Atealysis, Funding Source, Alternatlive Actions, Attachments: f Uatement—gt• Issue: The Rede�elopntent Agency of the fit.,+ of Huntington Beach incurs debt in order to receive tax increrrpnt revers. The Agency is also required to file an annual statement documenting this debt with the County. .r 1- + This statement of debt is also Needed for audit purposes. This document and the attached agreements document the portion of the Agency debt incurred from - the City of Huntington Beach as of June 30, 199i. �l Relonnen L; 1) That the Clty Council!Redevelopment Agency approve the following operative Agreement amendments for fiscal year 1990/91: Project Area I-n rPdsed Deht—Io—U:Y Main/Pier Amendment Number 10 $ 9, J 750,538 j Talbert/Beach Amendment Number 10 135,978 Oakview Amendment Number 10 290,605 E1 Yorktown/Lake Amendment Number 9 69,293 (` Huntington Center Amendment Number 9 eta I 2) Instruct staff to develop an Agency plan for repayment of City debt, for review by the Agency and City Council, within 60 days. Analysi-;: Although the City has not provided the Redevelopment Agency with any cash advances since 1982, the Agency continues to incur additional debt to the City due to interest on prior land transfers and cash advances and "indirect costs" charged by the City. The Agency staff has ident'fied potential debt repayment of over $19,000,000 for 1991/92 (see EXHIBIT I). i Thp, City has entered into operative agreements with tine Redevelopment Agency � for each of the fide redevelopment project areas. One purpose of these agreements is to periodically do,urtent the debt the A��ency has incurred from the City. The Agency also incurs debt from outsioe parties, such as the issuance of bonds nd property acquisition agreements. These operative ;. agreements only a6dress debt incurred from the City and not from these other parties. However, information for debt other than that incurred from the City is shuwn in Schedule III which is attached for informational purposes. t� I r!U 5/85 I • „ It � 'ail7 � � r,i t �.r; ✓; I , ;0 o. r i 30 REQUEST FOR COUNCIL. ACTION/ REDEVELOPMENT AGENCY ACTION Amendments to Opei-ative Agreements between Redevelopment Age;_y and City for Fiscal Year 1990191 �l�mm�r1_c���h�nn�.�_1n_R�eY��Rmen� A9�i1Sy_d��Lt- �Q_C�SX 1990/91 Total Debt to City 6/30/90 $ 80,742,535 LnS.t Pa s IfLP City Funds (Cash) 0 Transfer of Agency Pond Proceeds 4,445,000 Indirect Costs 444,274 1 Interest on Debt 11 ,267,92.3 Repayments to City ra. Total Debt to City 6/30/91 A detailed description of the above changes in debt in provided below: r �0�.e[ISJLD►►t from Cit. marl fen of Rjt v�Unds - Direct transfer of funds, reserved for redevelopment, from the General Fund to the Main/Pier Project area, totaled S4,445,000. This transfer was approved by the City Council by actions in January and May, 1991 for mobile home buyout erpen-;es relating to the Driftwcod ,.• Mobilehome Acquisition and Relocation Agreement. The original N) i source of the $4,445,000 was proce0z from the Redevelopment Aq�iicy's 1988 Tax Allocation 'pond Issue. The agency's bond prr:eeds were transferred to the General Fund in 1988 to maximize interest earnings. the funds were reserved in the :ty General Fund for use luifuture redevelopment projects. j Indirect_ Cost oL-C ty' s General Fund - The California Health and Safety CodE allows the City to charge the Agency for �I overhead costs related to Agency activity. The amount charged ' to the Agency for 1990/91 was documented in the re;.ent study by Management Services Institute (XSD and totals $441,274 and was ' al l orated by project area as fo %'i ows `jai n/Pier $ 209,142 +' Talbert/teach 22,273 Oakvisw IL6,788 Yorktown/1-ake 16,641 Huntington Center Total -2- IgPADSERP:70 I 7 tip' � ' `�: r• I` � +�.1�5 � �I ( i ?i t, 1' I • 1 1 REQUEST FOR COUNCIL ACTION/ REDEVELOPMENT AGENCY ACTION Amendments to Operative Agreements b?tween Redevelopment Agency and City fcr Fiscal Year 1990/91 Interest oPrior Debt - The operative agreements allow the City to charga the Agency interest on the balance of the debt to the City. In prior years the City has charged the Agency 10% interest. Beginning in 1990/91, staff is proposing to reduce the interest rate to UX. This change is proposed primarily due to a General decline in interest rates since 1903 when the operative agreements were first implemented. An 8% interest rate m':,re realistirally reflects the City/Agency's current cost of borrowing. This does not change the rate or interest charged for any time prior to June 30, 1990. Interest 6arges for fiscal year 1990/91, at 0%, are as follows: General Fund $ 4,614,511 Parking Structure Fur.J 1,336,354 Gas Tax Fund 48,401 Water Fund 123,685 Drainage Fund 35,032 Sewer Fund 18,866 Capital Improvement Fund 17,600 Park Acquisition & Development Fund `_183.781 Total UL37MU Decrease in Agency Debt from City: RoayMent - During 1990/91 the following amounts of tax increment revenue were transferred to the City to reduce the debt of the Agency: Age n z y P.aM s L4the-COY Park Acquisition & "evelopment General F -p- _._ -- Fund Tota Huntington Center 250,000 0 $ 250,000 Project Area Haln/Pier Project Area 250,000 0 250,OW r - 'i Ta'ibert/Beach Project Area Q �401n44 _]GO.Coo Total (The 1991/92 budget increases the repayment to the City to $972.500) , 1'i l' Y WPADSERP:70 71'i •,1 ti, r jj��rr 11 1' 1� , rd 1 1 —3— t ILIA . •, �;{A �YYt j y♦. ! ff� 4 ' c r 1 /\ r. REQUEST FOR COUNCIL ACTION/ REDEVELOPMENT AGENCY ACTION tmepdmonts to Operative Agreements between Redevelopment Agency and City for Fi scr,l Year 1990191 I%'�YL1�Ilt5_9f_ 1L01S�1_.'U�'�l.ntr��tr�!l�i�c41��i�.7s — On July 1, 1990 $339,000 of urspr.nt appropriations for the downtown Parking Structure were transferred from the Main/Pier Project Area to the Par-Y.ing Structure Fund, the original source of thy: funds. Deferred OeveThe Agency paid development fees to the City totalling $01,200 ($75,259 of deferred fees and $6,021 of interest) deferred from ire Guardian Center development in the Oakview Project Area. The Agency is to be reimbursed for these fees from Mola Development Corporation (the original developer of the project). The deferred fees were paid to th�! following funds: Ceneral $ 52,432 Sewer 5,870 Drainage 20,240 Water ? , 730 Total "hanX Mouse Repayments — On M�„ 20th, the Council approved a repayment of $40.000 from the AgeaLy to the City to assist in the conversion of the Shank House to the new downtown Police Substation. • $yr 2LL499L i___,M PmAj s�-LDebt from A Uy-t2_C.tty: Fund �..m2pll.t Fark Acquisition/Development $ 100,C00 General Fund 592.432 Parking Structure Fund 339,000 Sewer 5,e70 Drainage 20,248 Water I 9 Total A .I1 . „y r -4- y ';;i WPADSERP:70 •` 1?'+'� I��. .. n•j 4 't i r _..__.._.. ., _,�..__... _ _. F'�'" - -l.•a - ,,, r. . .. ,c-. -, ,. :L '1q'.'MNIii'N.= `',., �. �a Y 1 K �x!r 1 i, 4' �. N .t�t�`���r�`• ` VL hr 9 REQUEST FOR COUNCIL ACTION/ REDEVELOPMENT AGENCY ACTION Amendments to Operative Agreemp,l;ts between Redevelopment Agency and City for Fiscal Year 1990/91 Ll1DSUM.ourw Not applicable. LALtem-vtltic,-Ac_tJ on: 1. Oo not approve t;.e agreements. 2. Approve the agreements with modifications. 1. Exhibit I, Potential Debt KepaymNnt to the City: 1991/92. I 2. Exhibit II, "Summery of Agency Debt to City by Project Are.,., June 30, 1991" describes the type of debt outs''anding for each project area and shows all debt incurred since 1976. 3. Exhibit III, "Statement of Changes in Agency Debt Frem City for ` Each Project Area for Fiscal Year 1990/91" detnils the changes in debt for each project area. 4. Exhibit IV, `:�,,,amary of Total Agency :ebt" summarizes the debt of i each project area including debt not incurred to the City'. This exhibit is shover for informational pu-poses. to 5. Amendments to Operative Agreemn,its 1 .i• I NPADSERP:70 4Y' 1, 041 • n- {T7 Cr 7 , 1 , "�ss�� i I I 17 ,f l,• r 1 i r h, +.',��i4��J: , I{ f I. h .`., rr �. a,',� .'! '�M, w` 7 -•)� S �,A 4L EX111131T 1 9/3/91 REDEVELOPMENT AGENCY POTENTIAL DEBT IIEPAYMENT r0 CITY FISCAL. YEAR 1991/92 EST!MiATED ill-M AMOUNT RE;PA) IMFNIY—Q �1 ry ,•5 . i Budget 199:!92 (Cas,i) $ 972,500 Gen,!ral Fund P ., I North of Pier narking 943,000 P.10doZ Structure Fun4 Stricture Design (Cash) ` Koury —Main Promenade 1,226,000 Parking Structure Fund; Commercial Space (Cash) ueneral Fund Errierald Cove (COP 2,200,000 Park Acquisition & Refinance -- Cash) Development Fund Transfer Main Promenade 14,000,000 Parking Structure Fund (Lard k Improvements) to City Wind an Sea Toxic General Fund f` Cleanup (Cash) J TOTAL 19.341•�Q4 • I 9532r 1 I .f f�. _ ^i '1�• ,. . r ., . �♦ .. • ... � J, , IA� fM fi���k� ) I 1 �S',L� JYYJ. .3 L or, r. ft 1 ''•,'�� 1'i�,�_IJ Ili 'rf �i 1: � „ J1, ,, i � '". i4'ifr! j WIrM.r.�W ' �l ( r 7 is 7 is . t EXHIBIT 11 SU11MARY OF AGEOLY DEDT BY PNOJI:CT AREA JUNE 30, 1991 TALBERT MAIN/PIER BEACH OA►:YIEW YKTN/LAKE HTG CTR TOTAL GENERAL FUND: CASH ADVANCES $5,666,B93 SO 51,051,344 S10B95B S541755 ST 383,930 INDIRECT COS1S 5496411 3513,118 2,'73,631 474:755 1#126:21? 9:729,127 TRANSFLR OF AGENCY BOND DEBT 4:445:000 4 445 000 LAND SALES 32 902 917 0 0 0 0 32:902:91? ACCRUED INTEREST 12:146:366 54,002 756,321 235,731 115,821 13,308,241 TOTAL GENERAL FUND 60,671,581 lib —L7dT,I F-- T7,Td3T,I '1! 1 DEBT OF OTHER F04DS 1 SEWER FUND 207,900 fr,,252 0 0 0 272,1y2 DMINAGE FUND 359,370 t'5,3% 0 C 0 4526B6 PARK A AND D FUND 0 2,i7C,395 0 0 0 2476:895 , WATER MIND I V.5,771 35,487 0 0 0 1:681,255 PAkKiNG STR '53,040,780 0 0 0 0 113,040,780 UAS irX FUND 653,400 b53,400 COOG•GRANT FUND 109,094 I.u43.64a 15,638 0 0 1,1i2,577 r ' CAPITAL IMPROVEMENT FUND rs 0 0 237,f.00 0 23?,6CO TOTAL OTHER FUNDS 5,!20.796 15,638�237,6 O"� TOTAL DEBT, CITY OF HUNTINGTON SS 1,602, P-14,112,016 14.096,Y34,057,543 ST,'/8. ,TT88 --oli'd3,51r UFACH -.=dS^=a ai cma=r=a=tic ur Lzn==r==a ca=aa=Orc====rf=-a: ==cd1-_ :a a R a c=r&=saes:=-:r �I 1 1, :f=XMIBIr I11 STATEMENT OF CHANGE$ IN DEBT MY PROJECT AREA ALL FIVE PROJECT AREAS JULY 1, 1990 10 JUNE 30, Ifni MAIN/PIER TAlOERT/OEACH OAKVI=u TKTI1/lA1:E hiG CTR TOTAL y INCREASES: Z INCIRECT COSTS 90/91 51,029,971 S109,690 $525,903 581,953 S440,414 S2,187,931 TRANSFER OF AGEN.:T BOND PROCEEDS 4,445,000 4,445,000 INTEREST, FISCAL YEAR 1990/91 5,758,229 217,201 281,861 75,264 115,841 6,440,396 TOTAL INCREASES —�1•, i,Z6i�—� a�—�33i,7�.15 1, 2 17 53 2U—r - 1 DECREASES: TAX INCREMENT REPAYMENTS 0 INTEREST PAYMENTS-250,0^0-1CO,000 •115,283 •469,283 f PRINCIPAL PAYMENTS -1310,717 -134,717 UNUSED PKG STR APFRCle-339,000-339,000 SHANK HOUSE -40,000 0 0 0 O •40,000 1 R;iPAYMENT Or' DEFERRED -81.2130 -81,2130 +•' DSvELOPMENT FEES j TOTAL DECREASES •629,000-100.000 •81 "itl 0-250,000-1,OLJ,280 NET INCREASES 1,3,604,2.00 226.692 726,434, 157,217 306,755 12,0'',04e r.{l. PLUS To. of. DEBT, 6/30/90 71,083,702 3.906.024 3,3%0,450 699,826 1,477,533 90,742,535 I'. T0T1+L DEBT, 6/30/91 —iT , s , ,057;�33fi&T7d8� 73T,T3— ,.. _-st.asvucza^aea:o z_eavas_aria:zasacsesassosecaataesaaaasaasaeaes9aesoaassaassaasasmsssu ;t,: " •• . i I t .,ate. 1 • . � f. 1 is 1 1 . 1 �i ' �tFriR", �.�5 +}j,+�"li'1ir�}1 r 1','�1. { 51 '/ � f ... ' ! ` � �7 f•1 f 1 y' � i 1 1 r ' 11 , , • j • i EXHIBIT IV SMIARI Of TOTAL AGENCY MT JUNEE 30, 1"1 MAIN/PIER TALUERT/BEACH OAKVIELI 1KIN/I.AKE RTG CTR LOW INC HSII TOTAL DEBT TO CITYnF MUNTIHr,TON $81,692,902 L4,132,(M 14,096,934 f1,0157,01.3 %1,733,788 S92,763,583 r: 14FACII TAX ALsOCAT104 BONDS 6,764,928 1,373,944 2,425,982 0 8,478,709 4,791,276 23,-.34,841 jMORTGAGES TU PUPCHW 4l10PE17T 1,417,500 1,412,40U ! 1 CHERALD COVE DEBT 4,600,000 4,600,000 y MAYFM CORP,r4l;L'FRC4TLr,4N S,660,368 5,i,60,3611 i iCTAL J�S,nT,79 tTIITtf�;Q2i0-Tb;3�'Z;4T6 ,110,762,491 C==Y3S Z.^._ f at C:.1-3 I i. i t�l ;1 r , I,.t f J l,• ! -•t f 1,' , � 1 1 1 f ,, R, .` ,�i�,�f�4��1/ t +,. ,,., ,';,t1 - .. r/ +! }•. 1 t '1:. 1t�� �.r! li t.�t,117 r, , } M' t . REQUEST FOR COUNCIL ACTION/ I ' REDEVELOPMENT AGENCY ACTION Amendnent, to Operative Agreements between Redeveloomunt Agency and City for Fiscal Year 1990/91 JS1trYCI t__4!!_PJ'r The operative, agreements allow the , City to charge the Agenr.y interest on the balance of the debt to the City. In prior years the City has charged the Agency 10% interest. Peginning in 1990/91, staff is proposing to reduce the interest rate to 8%. This change is proposed primarily due to s general dec!'ne in interest rates sirce 1903 when the oper�Live agreements were fi!_t implemented. An 0% interes` rate more realisti;,,lly reflects the City/Agency's current cost of Borrowing. This doer not change the rate or interest charged for any time prier toy June 30, 1990. Interest charges for fiscal year 1990/91, at 8%, are as Follows: � General Fund S 4,614,911 Parking Structure Fund 1,336,3h4 Gas Tax Fund 40.401 'dater Fund 123,685 1 Drainage Fund 35,032 Sewer fund 10.866 !,f Cepital Improvement Fund 17,600 �• (1 Park Acquisition &Development Fund r�}3,791 Total Decrease in Agency Debt from City: gp.AymgA - During 1990/91 the following amounts of tax increment revenue were transferred to the City to reduce the debt of the Agency: Ane_nmPnt?� the City: Park �: ►. Acquisition 1?+ Development � r 1 rV.nd Fun HLntington Center 3250,000 0 $ 250,000 Project Area Main/Pier Prcject Ai 250,000 0 250,000 Talbert/Beach Project Area ' Total (The 1991/92 budget increases the repayment to the City to $972,500) �i -3- 1, HPADSERP :70 t y �. REQUEST FOR COUNCIL ACTION/ REDEVELOPMENT AGENCY ACTION 1mendment; to Operative Agreements betwee►i Redevelopment Agency and City for fiscal Year 1990/gl E�rs►YLEIL S of.�1f', .�9___Pslr to tune 9Dmvd-atigai - On July 1, 1990 $339,000 of unspent appropriations for 0r downtown Parking Structure were transferred from the Clain/Pier Project Area to the Perking St:ac*ure Fund, the original source of the funds. �1et'erred Revelnnme,�.� - The Agency paid development fees to the City totalling $81,NU ($75,259 of deferred fees and $6,021 of interest) deferred from the Guardian Centpr development in the Oakview Project Area. The Agency is to be reiribursed for " these fees from Mola Development Corporation (the original developer of the project). The deferred fees were paid to the following funds: ►, General $ 52,432 ' Sewer 5,070 Drai oF.ge 20,248 Wa'_xr��Q Total I. t,c: d• , Sidi . �a��yme1itl - On May 20th, the Council approved a repayment of $40,000 from the Agency to the Cite to assist in the conversion of the Shank House to the new downtown Police ,. Substation. Fun,Lun, d Ann-unt Park AcquisitionlDevelopment $ 100,000 Ceneral Fund 592,432 Parking Structure Fund 339.000 Sewer J,870 Drainage 20,248 t:• Water 2�73 Total { t �� �� �• ' ti."ADSERP:70 ' r ` S � .._.....,, a�*T�.•s » ... f , r t r.., ,4,' �'i��IM? ` d1 C'}. '. ,, ,+ �A,j' }t . n � ^t ` ♦ J) ,n o r � {,fit•••, ,� , Cf • �� L1 ,, 0 , i. I� i+. fr� f• 4yy rf ft ar rl� 1 i_� +r4 r i „ }1.1 1.0. 1, r I REQUEST FOR COUNCIL ACTION/ REDEVELOPMENT AGENCY ACTION Amendments to Operative Agreement between Redevelopment Agency and City for Fiscal Year 1990/9'. r n�fina SQtsCs�: Not applicable. A I t r itLv-i-u: 1, Do not approve the agreements. 2r Apnrovr.' the agreements with modifications. At ta -OII.e.nk : 1. Exhibit I, Potential Debi: Repayment to the City: 1991/92. 2. Exhibit II, "St;=ary of Agency Debt to City by Project Area, June 30, 1991" describes the type of debt outstanding for each project area and shows all debt incurred since 1970. 3. Exhibit III, "Statement of Changes in Agency Debi from City for Each Project Prep for Fiscal Year 1990/91" details the changes in debt for each project area. 4. Exhibit IV, "Summary of Total Agencv Debt" summarizes the debt of each pprnJect area including debt not incurred to the City. This exhibit i:- shown for informational purposes. 5. Amendments to Operative Agreements I 1 s ' f i 1 ( i ( .. .. 4!}r",a-'.-.....,r:...t•L•.•..,•.+v.ln,.'tX7K?VR�RifRu"Mn'• r' '! � t F ! rrv' Y F-7 1 t .r 1 E1fI11Bl f I I SUWAF.Y OF AGENCY DEBT BY PROJECT AkEA 30, 1991 TALSERT MAIN/PIEIt BEACH OAKVIEV YKTN/LAY.E HfG CTM TOTAL GENERAL FUNU: CASA AOVANCCS S5606,1393 SC S1,OS1,344 5102,958 %541,7;5 t?388,950 INDIRECT COSTS 5:494,411 158,118 2,213,631 474,755 1,126,212 1:729,127 TRANSFER OF iGENCY BOND DEBT 16445,000 4,445,000 LAND SALES 32:902,917 0 0 0 0 lL,902,917 ACCkUCD INTEREST li,146,356 55,002 756,321 235,731 115,921 13,308,241 TOTAL GE14ERAL FUND DEBT CF OTHER FUNDS ~` '— SEWER FUND 207,9dU 64,252 0 0 0 272,152 DRAINAGE FU40 359,370 93,316 0 0 0 452,606 PARK A AND 0 FUND 0 2,478,895 0 0 0 2,478,895 WATER FUND 1 645 771 35,487 0 0 0 1,681,258 PARKING STR 18:040:780 0 0 0 0 18,040,780 GAS TAX FUND 653,400 653,400 CDEIG-GRANT FUND 1013 1,043,d45 15,63E 0 0 1,172,577 CAPITAL IMPROVEMENT FUND 0 0 0 237,600 0 237,600 TOTAL OTHER FUNDS 21.015,,no 0;48 T1` TOTAL DEBT, C;TY OF IIUIITINGTOM S81,692,902 1 , IT.716 94,696,934,057,- ] 11,/OJ, F - BEACH 2=ce as sc2.un22%2&.=3=s=c= 1:1212c 2tCcs:.0 2==uas2snz i i I l rl r.V, r.s rf" C, i 1 1 1� I• t • I i •1 1 l' r r' 4 �'• 1 1 G + �MaSy i r, h �`• _ 1 r:. _ ..-r•_� ..':. .::: :-:�•.f,v.,.,,,.�T.�-r.-.a�:.y.�,c.rmsrai.+rs�. i .,�• t .+; ;L�� f � Iy' '• r t f T %; „t. t I i II R . .. 41t. ` EXHIBIT III + r' STATEMENT OF CHA4G-S IN DENT BY PROJECT A`[A All FIVE PROJFCTiREAS '• 11 JULY 1, 100 TO JUKE 30, 1991 j 4 14AII1 PIER TALEERT/GFACH OAKVIEIJ YKTN/LAKE IITG CTR TOTAL INCREASES: I INDIRECT COSTS 90/91 $1,029,971 $109,650 9S2i,933 $31,953 L440,04, 52,107,931 TRANSFER OF AGENCY BOND PROCEEDS 4,445,00 4,445,000 INTEREST, FISCAL YEAR 1990/91 5,753,229 217,201 231,861 75,264 115,841 6,448,396 iGTAL INCPEASES11 Z33D” 3ZL�EI�2'r�fiT,'IdT. —"—TrT�ZTT �3ZtT-- DECREASES: TAX. INCREMENT REPAYMENTS INTEREST PAYMENTS PRINCIPAL PAYMENTS UNUSED PKO STR APPROP SHANK HOUSE REP/,YMENT OF DEFERRED DEVELGPMENT FEES TOTAL DECREASES NET INCAEASES PLUS TOTAL DEBT, 6/30/90 TOTAL DEBT, 6/30/91 0 •250,000 -100,000 -115283 •465,283 -134:717 -134,717 0 -339,000 •339,000 •40,L00 0 U G 0 -40,000 •81,210 -81,200 -629,000 -100,000 -111,280 OT— -250,000 •1,060+280 10,604,200 276,092 726,484 157,217 306,255 12,021,048 71,083,702 3,906,024 3,370,450 899,026 1,477,533 80,742,535 6 s , Y 1 1 1 1 • , r==r=arru===yr3==7=rcII:raLs=rCJi 13==v2vr22n2=a=c 3ar rs=a====Ci=L=r======CTr====r x = = . r r a s a ra 01, rye•} t. � , ,t ,y .1, ,I' �7 1 + /1155 jy^� �..•..-.- ...��..... t .... ._ , <. '!�. f"1; :l i': ^.. ..i• ..a.. t.v.> rM-`+'r ya r�J' • � 1 'V 7T` M' •, t 4 m ■, ■. i i GXdIBIT IV SUMHARY OF TOTAL AGENCY OEOT JUNE 30, 1991 r MAIN/PIEit TALBERT/LEACH OAKVIF.N YKTN/LAKE IITG CIR LOW INC Hiq TOTAL DEBT TO CITY OF 11UNTI4GIOH iPI 02.402 $4,132,916 $4,096,934 S1,057,043 $1,703,783 SS2,763,5T13 BEACH 1 TAX ALLOCATI( 110110S 6,764,928 1,373,944 2, 4 2 5, 932 0 8,478,709 4,791,278 23,834,041 MORTGAGES TO PURCHASE PROPERTY 1,412,500 1,412,500 FHERALO COVE OEaT 4,600,000 4.600,000 4 MAYER CORP. /11AIERFRONT LOAN 5,660,363 5,660,3M TOTAL 195 33U,998 sfo- 63-860 16,5V,. i5'T3t,o7` C==L SG=22.9c.XA C==AZT-:22_AT; xa=_Si=iCi=F,-X=A 92C=GCXL222C2C23C=i: A2C=2023 QC 3:2612.XZ;2=W9I 6= lot J •:r - - }Y J� U 1 + S" •. ,,,, :'_, �, i. 1 .., .... ,.........ILY[S I'f,1:T:r•-.�'lY►:1r..w.w.� dtr� .,� �ti•, r 1 1 IJr �! .fi , r t1 tr+,LityE •7 r'. s S�SIj - I REQUEST FOR CITY 13OUNCIL ACTION Date September 4, 1990 Submitted to: Honorable Mayor rnd City Council APPROVED Ily Cgy3 COUNCIL Submitted by: Michael T. Uberuaga, City Administrator.�i/� Prepared by: Robe.t J. Franz, Deputy City Admir.istrat i ctcct,r , Subject: Amendments to Operative Agreements for Five Pe evelopment Prof t Arras Consistent with Council Policy? (Xj Yes (j Now Policy or Exception Statement of Issue, Recommendation, Analysis, Funding Source, Altornadve Actions, Attachments: i SMemnaLf issue: The Redevelopment Agency of the City of Huntington Beach incurs debt In order to receive tax increment revenue. This Agency is rrgaired to file an annual statement documenting this debt with the County. The statement of debt is also needed for audit purpoues. This document and the attached agreements document the d--bt as of June 30, 1990. R.ecnmmended Action: 1. Approve the amendments to the operative agreements for the limn/Pier, Talbert/Beach, Oakvtew, Huntington Center and Yorktown/Lake project areas. 2. Approve the debt of the Low -Income Housing Fund. (,'here is not a separate operative agreement of this fund, since it is related to the other project areas.) Analysis: The Redevelopment Agency has entered Into operative agreements with the City for each of the five project areas. One purpose of these agreements to periodically document the debt the Agency has Incurred. The City Council/Redevelopment Agency last updated the operative agreements on '"eptember 18, 1989 which updated City/Agency activity thrcubfl June 30, 1999 for all of the project areas. This action will update activity through June 30, 1990. Debt is important to redevelopment agencies since tax increment can only be collected to the extent of a project area's debt. Once total tax increment revenue exceeds total debt, tax increment revenue Is no longer received from the County. It is therefore important to establish and document sufficient, proper debt of the Agency. We also use this documentation to file the annual debt statement with the County of Orange which allows the Agency to receive tax Increment revenue. This statement must be filed with the County by September 30, 1990. Since the last update (June 30, 1989), the Agency increased and reduced debt in a variety of ways: lagxe,���s: . Ian 0 c�4 7b_]) from 1he-Huntington Deach Public Elnanc(ng Authoiity tote Agency - These loans to project areas re r•esnnt the final "escrow release" of bond proceeds from the 1988 Agency bond Issue of $26.7-:Illlion• An independent certified public accountant's report was required to authorize the release of funds. The total release to the Agency during the year was $3,054,761. r'.. PIO 6/QS J REQUEST FOR COUNCIL ACTION Amendments to Operative Agreements for Five Redevelopment Project Areas hWirect_Cost of City's Getter-dLFLiLid - The City conducted a cast -allocation plan to determine the arnount of salaries and overhead costs paid by the General Fund which are attributable to Redevelopment activities (i.e., portions of the salaries of the City Administrator, Department Pleads, other staff, equipment, office charges, etc.) , Tile California Ifenith and Safety Code allows tite City to chat qe the Agency certain of these costs, The arnount charged to the Agency for tite year was $2,00,744. There were no cash advances to the Agency from the General Fund for tite third consecutive year. In fact, repayments were made ($500,000) to the General Fund. . .'-Nance (from Cavement Fun - The City's Capital Improvement Fund advanced $100,000 to the Yorktown!Lake project area for parking lot Improvements at the Civic Center. This was authorized in the 1989/90 budget. Adyailce from Parking_ ructum--lid -- During the year the City's Parking Structure Fund advanced $8,069,204 to the Main/Pier project area for the construction of the Main Street parking structure: and design of the Parking Structure North of the Pier. Tile original funds came from the issuance of Certificates of Participation. tier 0d - The City's Sewer Fund advanced $175,000 to the Main/Pler, project area for sewer improvements. This was authorized in the 19R9/90 budget. Deferred U;� 5- p—s - During the year the City transferred two parcels in the Main/Pier Phase 11 area to the Redevelopment Agency its the Main/Pier project area. Tile value of the parcels totalled $2,267,000. Uerest n Prior Debt - The operative agreements allow the City to charge the Agency 101"i Interest on the outstanding balance of all City debt. Advances from the Public Financing Authority bear interest at the rates specified in the loan agreements for each protect area (approximately 7.8%). Advances of Federal fttrtds bear no interest. During the year ttte total interest charged was $9,302,986. The interest charged by the various funds is detailed below: General Fund $ 5,052,700 ` I Parking Structure Fund 1,549,402 Gas Tax Fund 55,000 Water Fund 143,920 Drainage Fund 39,980 i Public Financing Authority 2,205,575 Sewer 23,657 1 Capital Improvement Fund 20.000 "ark Acquisition and Development T2-j7,1,S2 t Total interest Charged 1989/90 $ ..MM Petro. se;,: fhe 1989/90 budget authorized repayments from tax increment revenue of the following amounts c+r prior advances representing interest and principal. Principal Interest Total reGrai Fund Main/Pier $ 250,000 $ 250,000 h•uritington Center $ 99,6E0 150,340 250,000 • ParkLSSI1tI.`='ion �f Uebn�ent Futd Talbert.'t3each 100.000 10Q&U ^; 1 Total $t 1: —2— , r ' r 'py� K� r «�� t' '"��If�`3%��T.1A�'?C�.i ' rr .7 il:'TI, "i, ': i�t , �r:n::.Hr'•4CjQ{�R�� { « �f AI I 1 {t � •jy �� ., �jZ, � e + � l l ♦ I Y' ) YI 1 I , j REQUCSI' FOR COUNCIL ACTION ' Amendments to Operative Agreements for Five I2edevelopmeat Project Areas During the year, debt was also reduced by repayments of loans from the Public Financing Authority totalling $270,000 of principal and $2,209,876 of interest. During the year Mola Development Corporation paid the Agency $163,686 representing interest (zt 11 % per year) and principal on development fees deferred in 1984 and 1985 during the construction of Charter Centre in the Oakview protect area. These dl;ferred { - fees represented debt of the Oakview project area to various funds of' the City. During the year the Agency reduced prepaid d-2bt on two mortgages related to land acquisitons by $1,269,771. These were Mnin/Pier• Phase II properties previously owned by Omahandro and Gosney. Exhibit I shows the outstanding; debt summarized by category for each projact area. Exhii,lt lI shows t1,e changes in the debt from the last amendment of each operathir_ agreements. In previous years these amendments to operative agreements showed debt owed to the Huntington Beach Financing Authority. This year these amounts have been removed from these opurative agreements since they are covered under separate loan agreements with the Agency. Alternative AcAgn: 1. Do not approve the agreements. 2. Approve the agreements with modifications. ttF]chmgn S: 1. Exhibit I — Analysis of Indebtedness (Summary of Eight Years Activity) 2. Exhibit 11 — Changes in Debt for Each Project Area 3. Amendments to Operative Agreements Fj1nLdLn ,_Source; Not applicable. i i 5381 J i T j r�r�y;r -3- 1 %•' ���,t �ri�0?{�1:%'�+Cii3i�ri:el Gr.•. t;.t^ _: rs'.,,.r c:+".. .. .,- .. ..,.ae,... .. r: r-•.q�a�.......,.. ,. .,.R a.-;ti—v Ana r'c•.� rq►- M h11. , •re -. , SS� y E I I ' I ' I r. CI-Fiitk FUC EXIIlBrr I I REUEViLOPMENT AGENCY Of THE CITY OF HUNTINGTON BEACH ANALYSIS or INUEBTEONESS (SUMMARY EIGHT YEARS ACTIVITY! JULY 1, 1982 TO JUKE 30, 1990 Fv1I!i/PIIR IN.(tERI/ CVXVIEG r XIC14 to lUiTIIGTITI CTR i(U HE IT-t; TOTA. CAUI KVNUS 5.616,693 1.Gri1,3'4 100,9`A 541,755 7,0,(M LUZ S'LES 32,902,S17 37.50).91l DUMP MMEUrIVIT FEES 0 40,5.3 otl"An /+7mED Iwvur 8.341.783 32,190 463,332 235,100 115,267 0 9,167,67)' ITUI( CT COSTS 4,391,471 248,337 1,7CAM17 335.70 Bi0,510 7,SM. 9(i3 IOTAL C£ll'RlL T1tt) 51,7il3,070 A11,527 ?,.329.101 679'em 1,477,533 0 571a19.0d OVER F'UDS CMG 100,0A 15,630 1.172,577 WATER FUC 1,5Z3,062 33,823 2,520 1,50.213 W-4 FUO 192,500 61,151 5,435 2151i.Mi 06AIMG1 FJC 332,7`50 8514a4 18,748 411,902 US TAX FU'l) W-1,(100 6L7i.003 P.14M ?m MC C(-,4Lff*vlr 1,3'Ti,273 2.)A.213 UPI,& 11tlRO U, Q(T 0 U 0 220,000 0 0 12'O,(Q) PAo(IIG ST,71:TU%; 17,043,426 17,LLI3.�2ii 10M OUR FUCS 1916E.131 3,625,497 42,-;9 220,000 0 0 23,03,478 TOTIL Ttr TO CITY 71,OLt3,7C1 3,�%024 L37%4•0 0r7),826 1,477,533 0 DLEC TO CUTSIDF.' 9ARNE3 RATIIRF: U L[ril 1177<,549 1.7i5.5.79 Itt(T 10TIUM 6Nj( 831,000 6301ODU CT"111Y11Y11 TF1F,T CEEO 597,503 597.500 GMEY TA.GT (M 1.OM,rxo 1,035.LrAl iWA 6,T-,8,'J"[7 1,34.331 2,450,M. 0 0,502,73J 4.E150,778 24.IIP.29° frill' D ME 4.6M,r100 4,EQ1,(lll 1UT14. CU.. TO OlTSM P&MES 11,Ul;,975 5,M,301 2,450.%2 0 0.%2,73) 400,278 -• ,.347 TOTAL 'C.OJECT I.;J1 COOT 12,175,678 9,K'i,C15 _ 5,EI21.432 89?.M l0,OG0,253 4,itA.2-: 113,69O,ft7'2 r'!mjm INT 14) no 3.11,C:r3 34-',GES LqY3M UOIPELI MSTS 1,200,°5: 143,960 G21,590 00,2ES i93,19T 2,25i,560 AGRM TNT TO S7'A103 60,429 7,1W 31,100 4,413 0 V13,110 ACIm INT Bela 126,T371 15,116 65,2:57 9,21;0 19,319 0 2fi, xt L"/90 IPtlIPECT CMIS gw,925 104,461 50D.Oti0 ?d,050 419,442 2,(F1,744 N:t.M I►(T1gST 190 M 51,166 5,223 75,313 3,503 20,972 0 ll1;,377 I9"WM L0. i 115,OCA 115.000 ll_' 0 VMVEST 1709/90 111501 0 0 0 0 0 11,571 KPFA AOVNXE 6.753,820 1,370.477 2.422,879 0 0,463,748 4,760,731 '13,7i1.655 INTEPfST 95,1R3 19,457 35,103 0 118,951 6),517 Z.0,106 I" SALE MI-10 2,267,r) 2,267 Q11 AQ7dED II(TEREST 1909/50 170.075 lTl,Oci ri TON. 82,175.679 5,821,432 899.826 10,060.263 4.C50.270 113.V*7,Ui? ! t �,,l7j�lf.l •• f.�. T;i[iN ..,ter-. �'x��nn�Nl.vYr., Ir. , .• ... �. 1 . .. ' ` r.MJ '•.� r�kf y � -. - � , ���� ` �� ''��`�yh�'r�"'fix . Irk Y r -I Mi�11�r�M'Y ` ' tl • Fr�4 r , � 1 r,, it '' ,1 t. 4 a 7 � 1 � r I I!{ffIrlT TI FFTi:vr.L7'tU4T iifJCY Of TIE CI TV W fulT11F,T0M. EE I SUC UE 9- OWUS IN ACTJr_Y MIT FOR TiE FMAL `Mi E1LIED TutC 30. 1(Dn � r• • � r• 111MIMER I'll fimI/ U 41EW MXTWIA_ r�F: RUTINJOU CII? 1.04 VC IF.G TOM II:/1}I (ENTER C[L'i, ME 30, 190 U,63•),9'.1 9,424.(T-A 5,211,1136 543,571 9,06015Y3 4,234,001 93,933,0T) 0 Ct1MIXTIOG MCI? 1VR -`rA,783 -9M.711+ AmIlIQS P%111CIP& C PIIFL 1W FUD ADV 19U9/M 0 0 0 M1000 0 0 2M.000 PSMIG STTd1CM 7DV 1%9M 0.069,024 0 0 0 0 0 6,T:39.T124 `T' M FUD AD'1 111MAJO 175,(XA 0 0 0 O 0 115,ar) 1110 Sou 19T3 m 2,167,000 2.161.UX) IWfA RN 2.217,464 219,420 0 G 7,925 610.fj2 3,06,4,761 INDIRM CCSTS 1909/90 900 525 IrN' 467 sm,u 70,050 419,442 0 2401,744 TOTAL PFI NCIP& UITIOW 13,i'P7,413 :05.0 501,0.0 271T,950 � 427.3G7 610,962 — 1`S,&i:,529 CtMEST Ci ERAL FUD 4,567,064 — :U,3.Z .�0,9.+�` ` .ea', 115,70 � 0 - —5452.700 IMEST GAS TAX FUD 551000 0 55.000 INTUI. T M 3TP11•:M FLTD 1,519,402 0 0 0 0 0 1,549,402 INTEFEST SDM 17,500 5,559 590 23,637 IRTMEST LRAIWa )).25U Igo 1,S75 Iq,-ci, INIMST CWHOL 1FP FUY1 20,000 20,000 INTC737 PW A MD D 217. iM 0 217. 7`,2 INTEREST 141TFP FUU 2-V,533 5.109 277 143.E ' HVFA MUFEST 613,UJ0 124,M 2U),441i 0 70,213 VkVk) 2.Mi,57'i TOTh. 11ITUEST ACDMUIS 440,1t�)! 9,X17,C�3i 6,971.667 301,.S1 TA1131 Mtn) 1G1.`01 TOM ADOITIO!G �201661.013 X4,339 I.V541991 3.4,316 11:01I.C59 1,051,932 KPFA F'RIII;IPAL P.AMOS -76,00) -16.000 ;fl,f:)n 0 -9G,001) -54.0U 11 -270,OIXI Pawns 0'1 NTSIDE TEDT -1,2139,771 -1,2L3,771 C;UWViL FUD PRIII:IFM_ -I24.741 -99.6m •1,m,4nI TOTAL PRI1Ciut -1,345,771 -16,LM w -152,741 0 -195,6rc) -54,CM -1,iY,T,172 MOWS TD WETiAL FUO JUT. � -c. ca) —-33,315 -i50.3••J -413,605 PAMIT" TO PA.' A NO 0 IUT -1DO,LU) -10),OCq -[1FJi 11,T -1,142 -1.142 IWINAM INT -3.9+7 -3,937 WATER RID ITiTfFESI -521 -521 •I ir r I 1I 7 ( I1FFA INTELEST-591,700 IM, -253,M 0-71i3,141 -441.6 5-2,141,773 ' l TOTAL 11i" SI-M4,r,A-:'iO,SiiO 29?,lri 0 -933.481 TOT& —.CT!Ura-2,197,551 -Z6,9W-445.395 0-1.129.141-05,65:-•1.497,730 DaT MF 30. 19)0 62.175.670 9,E'41,05 5,521,432 c'99,016 10.0G7,263 /,E�0,2',i 113,69(3,fF31 I f =' i._., • J . 1' y• J '• I -+`, M7�.r .... -'•I. �'I �. ,.. .-• ..,. .. ... l:.. ..... .. '... .. ; _. ... •-+•-'I, •+ `' �� ! 4,NIT� �%�+n,- •,`i �ry Rr , , 1 !11 r- i i I REQUES ll F0 STY COUNCIL. �CTION Data cnptember 7, 1989 Submitted to: ilonorable Alnyor and City Council tic hers, , — AIYROYF BY CITY COUNCIL Submitted by: Pn:r! T... C'ook, city Adrntnistrntor % r Prepared by: Hobert J. Franz, lleputy City Administrate / s,.,�;, I Z CLLKIC Subjsct: Amendments to Operntive At*rrernents for Five i?crfr,�'• o:cnc. t rc c _ n. Consistent with Coun-:il Policy? [ j Yes [ j Now Policy or Exception Stat©mant of Issue, Flecommendation, Analysis, Funding Source, Alternative Actions, Attachments: Statement of Issue: The Redevelopment Agency of the !pity of lluntington Beach incurs debt In order to receive tax iner:ment revenue. Perlodienlly, It Is neerssnry to document fh!s debt tot• audit purposes. This dccument mid the attached al;reements, document thr, debt its of June In, 1989. Recommended Action: Approve the amendmentu to the operative arrreements for the t1ninlPleF, ' a, ert Verich, Onkview, Huntington Center and Yorktown/Lake project nrens. Also, approve by Council action, the debt of the Low -Income dousing Fund. Analysis The Redevelopment Agenev fins entered into operative ngreement•t with the City for each of the five project areas. t)rrc purpose of these agreements is to periodically document the debt the Agenr_y has incurred by receiving advrinces and loans from the City. The C`ily Counell/Redevelopment Agency Iasi upcfnted the operative agreernents on ,"nrch 26, 1989 which updated City/Agency activity throufh October M, 1988. This action win update nativity for tke. rest of fiscal ycnr 1988/89. Debt is import ant to redeveloprr,ent rigencles since tax Increment caw only he collected to the extent of an aren's dent. it is, therefore, irnportent to establish sufficient, proper debt of the Ai*ency and to properly document same. Since the inst update, the Agenev ineurrec! debt in n variety of vulys: Cash received from the ,Iuntington Bench Public Financing Authority -- The Agency Issued iipproximately '27 million in bonds In ',Ilav of 1118P. Approximntely $12 million of the proceeds were held in "escrow" pcn!'inh the annutil review of tax revenues. An Independent eortified ptibliv necountani made n study of the amount of previously escrowed funds (tint could he released due to assessed valuation ircrensys within the t IN 1 1 projec wrens. ie thin re ?nse during the year wits R0,3,4,76(. The hnlance of trig escrowed funds will he released in the next 2 yenrs. Cash Loans from the r:''ily'.s Genr •..tl Fund - in June, 089, the City lonneci the A f►coney $1 15,000 for proressionnl services in the ",,'nin/Pier Project Aran, Indirect Cost of C'ity's General Fund - The City conducted a cost nllecation pied to deterr:t ne t g� he amount o'i`�57arie— n overhend costs pnia by the General hund which nre attr!tunhle to Redevelopment activities, The Cn!ifornin lienr•.h rind Safety t'ucre _f nllows the C'itJ to charge. the Agency for these costs. The rtmount char�reri to the .; Agency aS debt for file year Yeas 32,255,560. 'Mpr 1 , 1 � w + t: Poi' rorNril, At-TION e'l Antrnr'me t to r)A rcrrnerrfr for Five 1?0evelonn , it Prriipot Arens; I _Deferred land Stiles -- Durinf; the yenr, the City sold lnnd to the Agency totalling '299002,000 via disposition an:f development and ovmer participation ngreements in the Alain/Pier proji et area. Tl:ev nre detailed helow: Project 11-Interfront $ 22,400."UO Arvin Street Parking/Commercial 3,133,S00 Cniifornia Resorts 1,512,500 Town Square 1,956,000 Total $-2.9,n(1.2,000- Intere3,t on Prior nett - The operative ngreements allow the City to charge the Agency Interest on the outstanding balance of nit City debt. Advances from the Public Financing Atitharlty bear interest at the rates specified in the loan agreements for ench project nren, i>uring the yenr the total interest chntred totalled $6,819,059. The interest charf*ed for fiscal vear 1984!89 is debt to thr �-nrious funds as Or-tnilcd below: General 'Fund ; 4,271,041 Parking Structure FunO 6759000 Gas Tax Fund 50,000 11,nter Fund 123,939 Drainage Fund 27,500 Public Financing Authority 1,427,727 Para: Acquisition and Development 174,083 Deferred Development Fees (1981) 67,769 Total interest $ G,?.1q,09 f•' .,r Exhibit 11 shows ;he changes in the debt from the last amendment of each operativef•" ngreement. Exhibit iII shows the rnttstandinlpr debt summarized by category for each project area. { from Outside Parties - During the year the Agency assumed mortgages totrllinf; 2,056,783 to acquirr property in the !rain/Pier project area. Tho Agency also received or will receive $2,730,332 in loans from the t7nterfront Project developer to t' ! relocate mobile home park residents. Public Improvements costing $857,771 were made by N/R Iluntinf;ton hartners resulting from an vi reement with the agerey fer reilmhursement of the rieveloper's cost of improvements Mso shown is the Emerald {{ Cove Certificrtes of Participation issued by the Agency In 1984. These debts did not I result from loans or ndvances from the City but is shown the exhibits to provide 'urther audit documentation. �r Reductions of Debt - During the yenr $1,704,454 in payments were rnide by the e gency ref,�esent(i i debt servier payments an the hon6s Issued by the Agency in 1`."nv of 089. 444 JI -:�I (yr •l-t!'+t�'?Y.i�4!.!".Irr.?m.n.,............r....�,..�-..-�.....•-..._�r.«.�.,...•.-a a�•..c•:.: ... Tc '.... i.: _ ,.. ... .. .r- - _t. ...S.. a 1 t K: t, , `i.� fir+-•�QM�j .� + A •,r� ����E,�/ 4,7rn 11. 't } fT, �; f�i i�a :i,.. 1 I, i I k' ' t 1 , 1 , I� %)lJESr FOlt COUNCIL ACTION � ' Arnencluients to Operative A[Treemr_nts for flvc� Penevalopinent l'rojec-t Artuis Fundlng Source. Not rippllenble. _Alternative Action: 1. Do no' approve !hen ,, cements 2. Approve the ngreenitiMs with modifications At taeh:nents: . Rh >it ! - Summary of 7 Year's Financial Activity 2. Exhibit I - Changes In Debt for Ench Project Aron 3. Exhibit II - Outstanding Debt for > nch Project Aren 4. Amendments to Operative Agreements f Ilk, I I i ;4 r I 1 i'�I1111i�I' 1 ' v�'!1 + 'i • 4 } t 1%f T?Cl+%;Li7f 1'+►.P.i' A('C J" r +`E '!!f. !. I ! 1 • tl 1'.rl,i I 1 r� 1 r_ ,i n i no 11 Y„AP' .'7 f I(14'fiIA!. . ('1'1 :' ITY ` UI,Y 1. In;,, .wmucti .1unC ►!AI'1 i'AI,I,.ti".' Y+'itI :1`'.'1;J II NTIN(I ,� !-ai,!, i ( 1?E J •!I!J 1: .r I E -!r i •AI'! ( E t 1 r' . !- 1' I .I•!• I.., (` ?i, "�, t „' (I' Iin' . 1 (it (:A:;11 .1E1VA',;,'i:.'' ff,69f.,;1++? 11'' 1,.0 1 I Z-r 7," 11A":11MA) LAND SZALLS '.0 6-...5.1117 11 0 (1 0 30,i ;S 91 ►rIATIMUP FLi:.; Q 1 711. + 11 1i 1 ('+7, t ?5 I11'1'EREST E:(f'C'i:;l: 1 906,'!05 ',19H 193,7'.`: 119,811 99,6(,U IiJ!1IRz,r"f 1CrSTS 3,4("i.51t+ 0 7 Q 1,"64,Os7 314,75 401,R('t1 TOTAL GENERAL FIVID 4.3,717,1 a I` 1 ,060 667, :•79 5131 1, 191 -1 lI 45,,',4: ,2S" Oi 1i1:9 ( 1111US WATER Fi11iD C(!11(1 D F A 1 11Ar, I i!IP) 11,5 TAX ! !ME:n ! lrilli PAR): AX '411 S 17 1ANO Pc%' . i3tiPFA PART ING !,,'rmc'ruF; FIIIJD TOTL'., 6'"H E R s i.UE. 77 . 111 :' 1 PE" r mcr I r'a ` I;I11J 1 I NGTOU NAT. P.ANI. GOPNE 7 TRUST DEED •�'1 4l'11ANAUD110 'E R i1ST DEED ','�`�;;-,' }Ellin ['d"'iC`1 P►If(in}:115 EMERALD COVE DONJS r; is TOTAL OUTSIDE PARTIES iIJI I .3 A ,;1104 i , 7•ir, ll U ;1 1 . 416, 115 i 1V'091 1.043,h11; 15,63.. 1.1'! 7.W:,900 7R49 0.[.;:, 0 0 0 4l 1.67�, 550,W)0 ll l! 0 11 0 5 ,c).(100 4,''14,? (: 1,111.,67ti 7,'S ').r'45 0 ^R?. 11: 1,2 4.b,11 1,33.5.7713 000 ! - - -- -- ----- - - - - -- - --- - - ----- 14.360,0+J 4.ri72. F5 ?,'.;7=„'S' 0 81611716t.. 4.'4 001 34.6;19,0i4Olt 1 r ry. I'.:.(.1V 0 0 0 0 0 84t,000 r, 1.0.3ror, 1.0351000 497,50o 0 0 0 n c 9911,500 357,771 0 (1 0 (1 0 857,771 n 4.69n,lr00 0 0 n n 4.000,000 --- - - --- -- ---- - - - - -.. - _- ..___. ----- -------- -- t. 6.46216C3 1,600.000 0 +) l; 0 11.06;.,603 L6d.6•'+9.93i f!1,ic^.4,053'.E L54'.ri^1 3-101,53G :1.L54,0(1; :93.993,Aen '+! • .,fit ,rVol ! r' '�;` lot l l;r� r h ., '+,, ,, t.1' , :Y IY,!, �},.r Y,J,l.1• T • i � ''4a iYN 1 � ' ,, y, Pw.410($',`m Aucy OF nE CITY OF 11 MIKTM VAUt t �, �!.-%� .'• C1iMS IN CMT FOR EAM PROJECT AREA I, FI.Tk YEA 1988/09 v' MAIN/PIER TALST/ OAMEW 1U► 7LW;/ 1"ITIM1T(t'l LOW IN.M.. (_! ;! 0E1(N LADE affliTt Ifir) IW 10TIL a MBT Al 6/r'iJ 14,227,583 5 '1CI 083 �7.284.758 390.719 r— 9 3n o93 1.973,Bi5� •� 3�1 415,761 ry r�`71 1+1ll °K1TfN5 M e ,4 0 317(V8? 7.'_92,Q3 •933.583-2.W6.129 •2.5...11f-6 1.354.7(Y) (OT EAST UTWTI%E AT7, UEM ;U19AW, 4,267,330 4,410,629 3':l8,719� 6.OW.927 2.973.U25 4C1,779X7WCATE y 0110111cre G1+EWIL FLM ADY 1,373,551 I.43,ko 62115Q0 86.XC, BMW 2131101%0 1 ,}_, QVD SAL" b'. 0 RMCM10ftfT 29,00?,000 291001,000 vi l AORD INT CEF CEY FEES 47.769 201000 67.769 ,10(iM rNTEAEST MOk FUO 3.908.905 7.198 198.742 556.537 99.(60 q,271.011 '1 a s,i' ' y; • ACM.ED INTEREST PIS, STR FLM 6,5,0M 6 low OR D INTUM GAS TAY. fll'LY %DDO 50,000 1r 1 ali AID RM INTEREST 125,939 125,939 :r �r!►ar" ip�r l.Yj{b tRATMAGE FUO INMEST .?71M00 27.5 y r •;,;}I r ,' It3PFA INrt�£5T 3011P1p� ? 93.697 2311138 427,863 382.160 1,426.727 ac3, ADY 108 AM 100.094 s 11311FA AJNMQS 1,%1,340 210,474 2,907.S% 1,274,954 6.374,767 POW A ND D INIMS, 174.083 MAP ! r FMCTIONS POWAPA*M5 •429,699-1.10,42t3 -278,262-541,107-336,958- •1,704.454 ;,' , P MS IN OPiRATI1� /[ k?1r7i1 37,074,479 556.754 793.207 144.I332 3.079.LE 3 1,.3201176 C,969.026 r, v yv Ili,q✓1 �, try !- i 0°ERATIIi /7i9E'QrT JFET 6/30/En 5 .995.0:6 4,Iia:,054 5,?11.836 54s,521 9.890.535 4,294,Ot11 83.748.953 '`'�YJ,, ACL'Ll' E-OT '0 UPSIDE I•APTIES 5,644.006 0 0 0 0 0 5.644,Erd6 ; )t r Yti �r 1 E47AD ME MPS 4.6M.030 4.500,000 + 1 NOT& .kMkY (QT 64.E�9.932 9.024.CrA 5.211.636 543.521 9AX11535 4.7-44.001 03.?9?.879 ko it is L I �4 5y t 1;J f , jt 1�'Y Weis sr,MT�w+w!'R++IM.►s..'tvtY.r"ww�.. a.'Y7`CnTTflTSq: 1-"S'�c...,'+ r,, ., .. ,.. .. �a 1 ,,. _.. ..,.... i tr :., ia, L + t,i 1 ! - .. 'Y 't ;"'S ,. .1,':^l 'f"LT"�`, Mrir�Ti%1�3'%; �) ,•�t 1 ' , Iy, , rf�'�rAd , y'i1 a 1 y j j r1, t 1 � 1 ,'• , �.h h,7�1 � , 1 SjSj '. �iC..-.��t�:!�;!'/�'Y�r'aua'r'1atl..rS��•..:7 1 cc-9mlPr I0r7 (EW- AL FUW ADV- Un-79 Aaxp 1NT TT3 E/30/es3 Ar(%lJlx1 INT 1988/89 GENERAL Rto IN- 1980-0? 1 NT 04 A5( f 19E18/89 AWA(CE FROM R1; STR INT 1988/84 G Mt{',L FINJ AW- 1M-8i A(ME-U INT TO 613alw ACCRl0 INIMST ei/89 GENMAL FIAb ADV- :?06.87 A0 7 9:D INT TO 6/)V/LA1 ,0TI) INTFFF.ST WO CrW-PN. FIND aW- L(07.06 A03UM INT TO 6/30/88 !kM%m INTEREST 88/0 WATEP RW A94MEE 1986-87 AODMi TNT TO 6M/E8 A4CAlk-U INTEREST 801139 WATER :1w AWANCF 1.987-01 Acme TNT TO 6/La A('O'R ED INTT:IREST 89/99 GAS TAX AA' 19MM Aakm rr1T77EST 00/89 DRAIWf rUb APNNC£• 1907-M.A 4CCFaED im ro 6/30/98 AMV) INTMST 8@/89 r4}'F32RE'D WV SU MAIN/PIER ACawI INTl3T.S'r W/99 PLIFFTOR PANT LW RC L11 INHAST 813/34 rfTE,40 Ir4b SALT: fA-WIE A'YRn i tr-e.T (0/3) OEf . DEV FUES rk11 .ED INT TO 6/.30/98 AC'>;T11ED INTEREST 68/39 :i t1 Tlil1:-5LIFFTOP PAFN r�'1F.EU lf•'TE --5T E33/t3:+ fi `1" •1�' " o va i LEAD SkE -'AVER r1A f�• 4' ;t r,' r, ,41 ')�I ' UMED INT 813iV9 WEN PONT Wl TaRy 9UI6( RFF KGnh � ,,; 4LNTInT',T171 P+'1/T�TF}.T(- t 'CaNTY PIF .'A'. . 1y�;ty 1 eltr 1 , ;� d1 IC�ff "MA CPA LNV ViE k:1:'Cr1 TNT fl:,i�(11'IA �E i5 ON LA11I PALE IyT JC Y-31Y COCA !_k V -FALE 1,1 7 1 1;fl/ o 1•1)1FfCT CTxTS ASI .,Z Ifr Y i ': t rl• � i' . 1 •. � 1r t..1• - . E}}11e1i 1.11 RIM. 01)hM- �w E1 TK CITY OF FUllir(.Tr:K-4 OUTSTAIPP AT ACE 30, IISU 1�. MAIWPIER TALI I/ ON(VIE11 EFAQi �+ 2,017LOW 200,01) 6,750.OM 675,001 2.015,C106 0 201,50E 751,�`tEl. 0 i'5,19? 3.031.783 0 303.178 IA,000 21,390 15,935 1.(100,000 1w,0D0 110.000 R-n,r3oo 50.01m 250,000 25,00D 27,500 1,228,301 122,833 MAN 5.00) 108.094 4n5.53i: 40.c,=-4 3.247.OQ: :A?,t7U Sk-, 5`il 857.771 110?5.CgQ 19i.ri11 1-,512.FS 151.2S0 3.l i-s. SX) 313.3:A 1.Uc3.551 I15.O1:' 3l'2I"" 77.5r.3 0 MAI. 31.2oa 9,854 425.457 111,375 :41.rA7 0 15.9Sd 42,5% 12,738 14.151 0 918.027 173.488 7i1.493 6,174 93.R13 ;2.W 75.049 IXAS.645 15.638 1,743.834 174.OF3 TA,882 118,E17T3 47.769 :V.(71: �cr,am 20,O1�0 143.E 621.M 60.265 7.113 31.075 4.473 1.1&4.097 2.443.879 :9,60 35. Y6 o.47c•(FJ 5.?'.1,@ :• t7,.57! nwi vOfb(lOtttVa ISN11%1W CTR Low TNt tM TOTAL awTu 23,020 23.0- 31,261 31,:61 5.428 5,423 200.000 290,000 6,7ria.000 6 5,000 2, 40'i.202 20NI 242,626 1.43n,831 15,9!ii 144,663 4,P.51 791 U.174 4Tfi.N7 138,000 7L 13M 15,939 1,000,4P0 L00.000 . IDIOM 5001000 SUM 250.000 i5.(Ia0 27,�00 1.228.381 lr m 50,OU) 5.[T'1' 1117P.577 1.743.914 174,093 559X2 133.0m 47.769 4C5.536 41.554 n'45".0m 2,2C�-OOl l' 2.n .132 642.%V W7.930 r7.771 4.fiX1,11� ..035.(110 :93.1:u B.F67.811 4." I.77' ?0-111 (42 7p "AM t 4 �••1'�f ql- � • , Ir. 119.861 m.222 y0c.R-C A 7 �' 1 Q.���i..r'r- ._'�r.'.�t r+,11^,•`'v�1��1 IA'7�y'r 4• 'M' `e.. 1 Q •1j1 1 r o •` tt ,l` �t'`I l J v 1 f ,, a -- e&T71 Y t' r �f ,d �t•� , y I r r I. 1. . L..:..f. •t /r �La.�Aa w6. �� BY CITY CO t5ST FOR -CITY CCU 'IL/ - „ � , � � a-,r•-�, 9 RER V . OPMENT AGENCY ACTION i Oft .FiRK Date Submitted to-• Honorable Mayor and City Council Members Submitted by: Paul E. Cook, City Administrator Q•V Prepared by: Robert J. Franz, Deputy City Administrato4Four �,�__ Amendments to Operative Agreements for devel pment Prole A as Subject: Conoistent with Council Polity? [X) Ye [ l New Policy or Exception SprtNrNnt o! Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: Statement of Issue: On N:%veniber 7, 1989 the Redevelopment Agency approved a proposed use of loan proceeds from the Huntington Beach Public Financing Authority and directed staff to prepare amendments to operative agreements that are affected. Recommended Action: Approve the amendments to the operative rigreepents for the A1aln%Pier, Talbert/Beach, Oakvlew and Huntington Center Project Areas. Analysis: The attached Council action, approved on November 7, 1988, requires that the operative agreements for four of the five project areas be amended (the Yorktown/Lake project area Is not affected). Operative agreements periodically document the debt of a specific project area. The operative agreements were last updated to show the activity through June 30, 1938. These amendments will showy activity through October 31, 1988. Exhibit I shows the changes in thy: •5t due to the following: 1. Repayments of debt to City from HBPI:A, proceeds totalling $6,098,344. 2. Action by the Agency and Mola Development Corporation on July 7, 088 whereby Mola accepted payment of $1,200,000 from the Agency to discharge all obligat!Lns of the Agency pursuant to the Owner Participation Agreement of February 1993. This reduced the outstanding debt of the Agency by .$1,791,519. Exhil-It if shows what the outstanding debt of each project area would be if the Agency approves the operative agreement amendments. Alternative Action: 1. Do not approve the operative agreement amendments. 2. Appruve the amendments with modif icat ons, Funding Source: Not applicable Attachments: 1. exhibit 1- Changes in Debt for Each Project Area 2. Exhibit I1 - Outstanding Debt for Each Project Area 3. Agency/Council Action of November 7, 1938 regarding proposed use of loan Y. proceeds from HBPFA 4. Amendments to Operative Agreements 4171. '' •y r t toY r�t7. •�; f F, a, j r t r Pt a 4A" ' �►t1i�� �y t L, � r � ; � ti��1111 rJ � 1, I•. , /' A ° is I F •��� ' �' ,t •�: a ""rv�.. (.tip.-•.11;7`J.';:7.':;rT'isa 1�-r •!"irTlT':V!::�:MMww.w..wr...�...wu.eMyR ',�^ �,��+� I ti,//,�(• IirS�S' y i !�,� 4T,' S._ ,L : !C t l';i•.�1. r 1 r I Yt I 1 11, wt, 1 I I / r i�. 0 ' ,f a + +ara,rJ f h• �k, , r -�,,,�, EXHIBIT I CHANGES IN OUTSTANDING DEBT FOR AIA;N/PIER, OAKVIEW ANn HUNTINGTON CENTER P1103Ei TS I' Talbert/ i-Iuntinton a, Alain/Pier Beach Oakview Center _ ,,• 284 .89,329,993 88 14 �27 583 $ 5,200,893 7 7 Debt I S3 3 Deb t / /�f �t p. Reductions: epayments of [1,392,7281 [? 1,467] [418,9981 [163,2891 ! General Fund Interest Repayments of [164,288] [393,2191 [6599881] 12,365,7771 General Fund Principal Repayment of Park Acquisition and 0 (19197571 0 tl Developrromt interest t. Repayment of Park 0 Acquisition and [175,736] 0 0 Development Principal ,�'` sir•. Owner Participation (1,691,5191 �Agreement r; Deferred Development 0 [113,0141 [20,5871 0 Fees, General Fund Interest, Deferred Development Fees, (37,3911 [69,6751 General Fund Interest, Deferred Development Fees, [1,9981 r�.. Sewer Fund ' Interest, Deferred Development Fees, Drainage Fund [2,5411 I� Interest, Deferred Development Fees, [929] Watev Fund •i• ,•1j` Additions ' Gas Tax Fund 500,000 V t Loan from Parking j Structure Capital 6,750,000 tj1 Projects Fund .fit Loans from 2LO00,000 General Fund Y rti Totals: S21s9i0I36� $267a300 $ l�418�62h $ E 80_ 0�,27 '? �r,��hr "fi •, Vt fjN 1 ,t? �,I�I+.MT�MMI�tM�M�Mt.+��.......Y'7r••+•.r•�+w...•,•.�ara�:•nnc rt �.'7W.Trfs P[7t-Ilry^'it7'i'f1:Si'��'plt Sri i•.trT f .:l�Yir'MlY1R/aM'w?R , A Ik '• rf , �. ,. .•, ,, I r', rr ,, , 7 Vf+ Jar I •-- l r ,�;�1 r ? !� it `':. 1 r t r ',�j� f r��' � f ' 'r I, ,., r .. �r r '�!r f,;F�1 �,/.�,r1�,+1�'rg•. 1_ ,'v • 1a+1 ,y'C�J' -'.1. t t ''i�., r 1 •r.�' t / `� �� 1 �"'r. �r�7 S1�/(y','l it l,' ���1,` ,?1i •� � '., ,' Ir r , ii F,' t . I dv?r,.r YN'a �r ,;r, ;,� I '1. • r , _ r 1 ' • •. ! • f AIM : / •, JtyA/ c� WI J _ � � i •frt .: S ' rA �I�f {• - J.'t - }'t Z). Adv Stru Gen Gen AcCL Acc Gem Acci fin Acu Acci Acci Wato MCI Gas Drai Accr Acer BIUC Accr Accr 74 rti r' A` t t y :y -..` ._yin:•+ •.. , . • i � �t I' l .. • ' _ l� r '�} 1 9. C S -• , , Y �Ar 7, f fr �w � � '• � r Iar � 11y. Di Defe Er Accr Deie Accr Page to rA*. ) - ��•� + cR `�?�r�P f >, ; -"tr iAJ-. err r'��-' -,1•.\ -� fA �/', •I"Yy y�+t.0�:r A k a �r fR,''y y �;•t, '�, ' r ! v r q .• r • 1 V i 777 fir, i'�:-t�� , (l . qr • • R r1,k{f tat`-'�♦ sT ••� /, � • � ;,. Z PROJECT AREAS yyl� -.- _.,,• fir' ,y�y�. Huntinton t t I! • , `'1 , • 312,638 1 1 1, 1 1 r' t 1 306,612 • , , U j `I 1 1* 1 1 L�. 2,478,979 827 / 1 1 ��.%.. 1 r / / �3 / , T d 1 4r � 1 1 1 f' 15,638 f. y 200,000 41 t � • i . T U, v S , �� 'fir.- = ,y <` �•' r R 4-4IF • 1 .' r17 bYv:•t vq r i '�f ♦ { f . At k, �rlk�al • �# •/� Qj. r'iwJ fit' �1 / •I: .- M n' 7!(- i' •' 4� ,? r��. �vti k . 1�'►+g'` +l �� e '!r'Y ..w 4•, r , \ -. ' •_ �� . # ,i .. i • /. .�'. � i v:i � .ray. �'s `� 1 .. - -- f � , P! •r. •• i• - ♦r�.' _� • #♦% fl."A.? ^j ➢f .i.• P� rim _ _ ' .. r ''' / . r OUTSTANDIING DEBT• _ • . M 1 CONTINUED i ;. 1 Oakvlew Center Descript on 1 t .. / M J �Accrued 1Land Sale • .1 t. t Through1Accrued Interest 87/98 f ' y A •., " . 4•S1 r , • `, t �' ice. - ... r ' rt' t• n' 1 , t it d �1► r I. / t . ; r t 1 Xk � .1 t : � �, r ud. �� �� �, � c• - ( • A L/i � • t 44 yr_ rvp��19 1 �- . •r / it'. •�, i 1 r ��h.,l, 11, k _ • � _ •r ti JIB, 47, it ��- ♦�F �r • { '`+ y . - r- - r l ` jjMr�F 'P.�,61 c,1 �•#�. µxi ��1.T , ?�Tr..f N r� 7. rr - REQLFNST O r 'REDEVEMPMENT AGENCY ACTION •_10�1'r• ,• 1, y • • Date ..�r'vri•- 'rf Si tted to: Honorable Chairman and Agency Membgk, `Y �,bmitted by: Paul I;, Cook, City Administrator �{`� --/_, 1 =------UNC4 � XD IN al tali{NGLL �I ---"(ad by; Robert J. Franz, I)cpuly City Adrninistratt;; till.... ' ? C.ibject: proposed Use of Funds - Bond Proceeas I 0JT OL Crnsistant with Council Policy? ( j yas (X) New Policy or Exception Statement of Issue, recommendation, Analysis, Funding Source, Alternative Actions, Attachments: �,►'i� 't Tdr• rtr " ? F �„t � ''zi,�i "�•IV Itti% ••t IS le .yf•4•�1� .r_1t'..; Statement of Issue. In May, 1998 the Redevelopment Agency received $14,969,125 of loan ?ro&e s from the Huntington Deach Public Financing Authority. Staff is proposing that the -.gency allocate the proceeds as described in this report. Recommended Action: Approve the proposed use of fAds as shown In Exhibit I and amend the operating agrecments accordingly. Analysts: The issuance of '26,775,000 of revenue bonds by the 'Huntington (leach Public Financing Authority in May, 1989 has given the Agency the opportunity to finance -edeveloprnent projects, low iticome housing projects and to repay a portion of the prior loans and advances from the City. $14, 369,1 25 of proceeds have been received and . an additional 1,650,000 will be received over the next three years. To pay the annual debt to the bond .solders, the Agency has pledged its tax increment over a 30 year repayment period. This annual debt service is $1,245,000 increasing to $2,117,000 upon release of the additional $9,650,000 aver the next three years. Therefore, the proceeds provide the City/Agency with the ability to :�md projects in the next few years with repayment over a fairly long period of time. as indicated in Exhibit I, staff is proposing that a portion of the $14,869,125 of loan proceeds be allocated for budgeted 1988139 redevelopment projects, repayment of a portion prior City advances and that approximately $5.3 million be held by the Agency for future redevelopment and tow income 'musing projects. The 1938/89 projects were previously approved by the council/Agency as part of the normal budget process. 1'he repayment of prior City advances is separated into two categories. The first is repayment of general fund advances for 1987/8-S direct salaries, benefits and operating costs for three project areas (Huntington Center, .lain -Pier, and Oal(view) and those saine costs plus partial payment for land transferred to the -\gency in the Talbert -Beach Project Area. This category of repayment totals about $1,650,000 and is recommended to be reserved for unfunded City capital improvement projects. The second category is repayment of a variety of other city advances totalling about 4,450,000. it is recommended that this category of repayment be held in reserve by the rity for future decisions as to proper use. This second category of funds could be held by the Redevelopment Agency instead of the City, but it would be to our overall ecenomic advantage to have these funds hell by the City. The advantages of the City holding these funds are as follows: 1. The City will have greater flexibility in the use of the money. if desired, the City could re -loan any portion of Sate money to the Agency for specific projects. The money could also be used by the City ir. the luttire. The City/Agency will not lost any fending or flexibility for any project. R4 •�� 11S'�j ��t<ft L�rt �•�� �! rr r -.' 7�1i 1r `,r Q'I �� r f,, r! . ,��i1^�_'-` f f,�.,. !;-•[ �rl �- T y �{ ' . — i J ,;'.n n; T :A f.tl%i 'J,. .a - 7 ., Py 4 �wrm! 1, i-j�e ,� ��1 �,i '��� 4�'1� �, •'*r^ fi' ,f'- "'-''+1i14.w�T'*rww: d:F.YJ ��I'4'1'n� �N..; u.F'. �.r.i •i41- '7 -'w: '/a .n�W�^��,...,�T ���l1AA►•.�rr.w,rlC. � ji h, •.SL y ,+ f' . r 'I, � , 'f •r' �1., ! �ri�. , r� M JI ' f i1 .�I J ^ / �Gi t'•_1y !, ,, .+� ',''' D". , 1 , J. • ' , I � J � U 1 �1r, I i !y 7�r r,1. ' .: �It `r T r r . 1 A;, ,r�tJ�r "' ,r :.' j - ., r, r r`•� ��j� P�r�''�"� �('��j,�y�y, ri 1, r• R M �r fit', � !t ,� �, j 3,. It �f•. �� tali , . � '' •, .Syr'rF�e•��i!' Y I , . r . i� .►rt�w tl �" '.'�ri :. . _::f _' I=Ya.•►naalllir r.a :tee.. � 7i1�if�t1C'�!!1'Eta �. � �:.r-:�+...`.� '+'r fa Rt: UEs'r FOR COUNGIL ACTIC 0Q r - roposed Use of Funds - Bond Prods 2. The: total debt of the Agency will be reduced but will still be sufficient to collect all tax increment revenue. v 3. Federal arbitrage restrictions wi!! be substaeitlally lifted on investments of the jx proceeds of the bonds. The City 'Treasurer has indicated tl'iat the current yield on investments Is exceeding the arbitrage Ilenit for tills bond issue of R.26%. The Agency has MY months from the receipt of the bond proceeds to spend the rnoneyand avoid any arbitrage restriction. Repaying the City loans constitutes spending the proceeds. Approval of this request could allow an increase in interest Income of $30,000 to $100,000 per year. Feil� In addition, staff is propnsing that certain funds be repaid fromthe Low -Income Housing I and to the l?merald Cove Housing Fund. These represent the amounts that will be used to subsidise rents for this senior housing project in the Talbert-Ueach 1 roject Area for fiscal year 1988/89.t For future years, staff Intends to propose using these proceeds to have the Agency pay all ks sj r own direct o-aerating costs plus the cost of projects in redevelopment project areas that are not financed from other, en.ore appropriate funding sources. Some of th.' future anticipated projects are listed in Exhibit 11 by project area. As indicated In Exhibit 1, a portion of the bo.:d proceeds are being held by the bond trusted in an escrow 39,630,000). When the assessed valuatlon of the project areas grows to a sufficient level, more of the proceeds will be released. When thls occurs, the Council/Agency will be requested to allocate the additional proceeds. e,� •,jx Altcrnati Je Action; I. Do not approve the amendments to the operative agreements. 2. Approve a different repayment formula. At tachments: Exhibit I - Proposed Use of Funds Rrtyfs. ,' Exhibit 11 - Redevelopment Project Summary I t I r i� tit '� r t•-•i . t r f .Ijk c T t t lit' •11M � R U i I• c' � • 1 t ; ♦ �'- .dry - . t �,l'' 1 - +. u Y r�..��,t+ r i,+._.:• r .z • ��y^� � � � P ,. t I y µtip . ,,� � ,. •,, � ; :'.t ` '��. ,� ,fir';,`"�o�t` f'� 11 r r I rrr l,: a lk 1 t l 1 1 Cost of Issuer, Required Escrnwe1glinds ■ � .rty yn. f r. PROPOSED USE • ,1 Area flutit der f ` J r Ington Cent • ��.-. L . r II�ivJJJJiYYYY"""���' odkview Housing runds } y}+ 1 7 v • lift♦ �,. It Fi "[ '. �1-I.�ry. i , * M • qoi v f U :}hry At r,Yf r FT A � // 3• 4 1 r+ A rr � { ��:�j�!{ :'� I A�� _.j, �,• " '' ,1: 'i dui 'K���� i I e ',��irn "�,,t;, ,ply � + t,J,' i ' •; ,,? r 1:. ' � 1 � /�S ' { R hriiWlF:J..' -. ''... Y..w�Yww.�'"�lr:i?i:= �^ JR•.Pi YI "' h 41 r. IBIT II EXi1 a ,r J' UNrUNDED REDEVELOPMENT PROJELIS " ' �!'"' "P•'`a' 1968/89 - 1991 /92 � } � ''�' rISCAL YEARS MAIN-PIER-t'ROJE("P_AREA 1966/fl9.- 69/90yfl1/92 � U. S,. Wninut Avenue Er.lensIorl Z,500,U0o Lileguerd Hoadquarter 1 230.000 Sn0.000 PCII Storm Drain 400,000 �f MnxwelI's Renovation 500.000 Lake St, Slcrm Drain 550,000 q Atlanta Ave Widening 1.250,000 Main S t . Improvement a 540,000 Mobile Home Pork Imprvmts 610001000 Iu, r r� �•�� ,'+ tt'a `( Sub -Tot a I 1 , 1 50, 000 13,340,000 ik +} 1 Z } OAKVIEW PROJECT " AREA `I r [ ------------------ R' + r;�, r L Ropayment of D ~t: Mole 1.200,000 �'`.4r< �. l;Y ��` `,✓� '`.' I Merton Dr. Extension 200.000 1,450,000 tit � N'iit „rty Eire/keelson Ln. Extension lzo,Ono Mandrill/Kristen 600,000 sur,-�roInI 1,4o0,uoo e,izo,000 HUNT 114UTON CENTER i 1' . T c PROJECT AREA ---------------------- Edinger Ave, Undergrounding 300,000 1,110010no �F21 Noover/CoIherd Connection 700,000 5,000,000 t' • + •; Ed nger Ave. ImprovomonIs 900,000 Land Acquisition 6651000 +. Sub-Tota I 1 ,565.000 7, 700.000 ' ,• �,��� �; TA6BERT-BEACH PROJECT AREA ----------------------- AS aidowe Ik Imp►ovemenIs 40,000 'fir u�f•; , Ji{, 1 oo 14 TOTAL 4, 1 55. 000 23, 160, 000 ta•,. 1, ,, A r �r , , t• ;1"7++��' rC`. �'� 'i , .� ,q �':, �, r n f rr is 1 , : •n ' � �! I , ' ' L �n , r�'lrt • ii r,wlJ, r7; 1 ,. Ir,'r<+ yrA��i;�, , rJ�y' eJ .!-, r, �'•, },.;r •f ,'}'�•,,. ` : •yyYY,,,,,4ty,.l'.aJ.�ti ' +.... . I I�'�i�%;� t���r�`r+;1."- ' �j�, � ., ,�!•� ' ; •. ., 11, „Tt/ r "Li,�.A,r ! ' � r, ' ,•; � '•,- ., 1 c*r•1.,r♦I, r, kr } l.,:�� +P11, � i.%if'rn'' ,,,, '► ! ' ,, i ,� 1' _ 1" .. , �'f �,r FII 1. 4r,: "� •, •r J , ' ,- 1, . µf: r� + � ... � I—• � 1, i fA UN .'., "M�i f.�t`trN .�rP!.R �� 1 ".;/1� r� ,c ,` • �!'' ` S; � r` Ste' , Jr �yn.d►!y ti i7 r I• i,' �' f f j1xi��h�•� !(f �'t. 1, �l i .I•, •. �1 ,r' 1 t� � t.�''r ,� ^r � t �� ' : 1 ' ♦ \I r ,' S4 � S�aSa lily'U I 110,f• L � , fif .r.l r r � r 11,E r � �,1•: r f, /!., fi itMa ''�•' I �'. _ -' - � •t�`, 14 �lt�`+'.�''t� r .„Xi ~,�?''rl 17:x 'C yl r �.f ���� 1',ij'N I'� ♦f�r REQUge i'OR CITY COMM. ACTION Date August 2, 1 P57 Submilted to: Honorable Mayor and City Council Mernhers Submitted by: Paul F. Cook, City Administrator Robert J. Frans, Deputy City Adminis�-+� Prepared by: , Subject: Amendments to Operative Agreements for the five A'0 ..t' Y �� T �1 A.II •1. Consistent with Council Policy? (x] Yea I ] Now Policy or E W tion +;�' Statement of Issue, Recommendation, Analysis, Fundln3 Source, Alternat ve Actions, Attachments: 1 Statement of Issue: T`te City and Redevelopment Agency have entered Into operative agreements w e97ormally document tho debt the Agency has Incurred. A separate agreement Is necessary for each of the five projet:c areas. Periodically, these agreements are updated to reflect the most current Information end to document the Agency's debt for year-end financial statement purposes and to meet legal requirements for filing with the County of Orange. Recommendations Approve the amendments to the various agreements effective June 30, 1988. Analysis: Operative agreements for the five project areas were originally approved by the City Council on the following 4ate9: Plain/pier June, 1983 Talbert/Beach June, 1983 Oakview June, 1983 Yorktown/Lake September, 1985 Huntington Center September, 1985 On September 21, 1987, these agreements were last updated to show activity through June 30, 1987. It is necessary to amend these agreements to show activity through Jame R0, 1988 as part of the audit process. Operative agreements for each project area document the current state of debt between the ' a? City and the Agency. Tne Low -Income Housing Fund which Is part. of the Redevelopment Agency oas debt which ?s not documented by an operative agreement since Its debt is not rclated to the receipt of tax increment revenue. Agency debt is Important because tax P � !a Y P f i Increment In a project area can only be collected to the extent of the project areas net debt ., ,l ,lF,•�, (total project rrea debt minus tax increment available to repay debt). Once the increment equals the debt, no further increment will be received. It is therefore important to establish proper, sufficient debt In order to receive full tax increment allocations. The tax increment alloeallons will be used to repay the d:bt. !Agency debt was incurred during the year in the following variety of ways: ;h rr� F s'j Cash Advances from the General Fund Water Fund Sewer Fund and Huntin ton Beach Public r Financingh—Authority - These cy operations ang (salaries esrhe normal Aenandopera ng J, expenses), and cerc'ain contractual agreements and lr.nd acquisitions. During the yoar the Iuntington Beach Publie Financing Authority advanced $11,895,300, the Water Fund advanced $1,000,000, the Drainage Fund advanced $250,000 and the General Fund advanced $2,840,745 v�1 tf for a total of $150986,045. l ffrl'.i�ri "ri PIC16� .��ii 1 t t t �b !A7MYHf. ♦r-�„nr 7r�' ' :J�� } C Y ('r' �1 .( l C .' L .1• .i, � r���i��ri � �� _f. �,�! ,� �, t J `4) !S /19,, , r)• - , . „ ,i.. ! 1 S ' r ' .1•. '. / s'i� }rt ..' ,'', V , :.''�1+•� t ' •`'. ill,:, r '� � 1�yi�l{��r�fi ,,,•� Pit- '••' ; ' 2, , 1 i fir{ ; ,. : ' ' J J 1 t ,, 1;n.1 ' 1 '• Iwo EQUEST FOR COUNCII, ACTION AMENDMENTS TO OPERATIVE AGREEME117S FOR THE FIVE REDEVELOPMENT PROJECT AREAS r y!i .• i Indirect Charges from the General Fund - These represent redevelopment related effort of city `' f employees not directly paid by the Redevelopment Agency. 'These "overhead" charges are allowed by the Californiu Health and Safety Code and are computed on the ba3is of it cost allocation plan. 'These charges total $2,148,151 for fiscal year 1987/88.3� Interest on Debt The City charges the Agency 10% interest per year on all outstanding debt Including cash advanced, indirect charges, deferred land sales and all other debt with the exception of advances from Grant funds. The Interest charges for fiscal year 1987/88 total r t� $2,219,780. Assumption of Loans on Purchaee of Property - During the year the Agency assumed a mortgage property purchased in t e Maln P er project area. the amount of this debt is $8171717. During the year debt was repaid from the City to the Agency. These are described below: Budgeted, lie meat of $100 000 from the TAlbert Beach Pro eat Area Debt Service Fund -The repayment covered a portion oa accrued interest on prior advances. 1:• eu eted Fie ment of $1 890 788 from the Talbert/Beach Project Area Capital Projects Fun:e source o t repayment was the -proceedsfrom 'Te'sale off' the "Industrial nfndustr a site" f' located within the project area. Of the total50 pr proceeds, $758,613 went to the Park Acquisition and Development fund to cover interest on the sale of the Emei-sold Cove site to the Agency. + ' $288,886 went to the general fund to cover interest on prior advances and r842,289 went to cover principal repayment of prior advances.' Payment of 1,25 000 to 5101a Ddyelo ment Cor oration for Charter Center Improvements - The { `�+Agency made a payment of F,125,000 on July 1, 1987 Mich represnnted thfirst ns a lment 1 payment to Mola Corporation ender the Owner Participation Agreement relating to Charter n ;! Center. Thii` payment was made. from the Oakview project area's debt service fund and covered 4 + a portion of the outstanding Interest on the Agency's indebtedness to Mole. ' 1 Re ments of $574,500 Authorized by Council Aetian of January 18 1988 - The ' Council/Agency aut authorized re g project area's ' payment o�574, from the Huntington ton Center debt service fund to the General fund. $394,100 covered prior Interest on general fund , advances and $180,400 covered the actual advances (principal). Attached is a descripticn of all the Agency's debt thro.,gh June 30, 1983 by project area along ,j with a description of the 1987/fS changes in indebtedness. Alternative Action: �'� 1. Do not approve P, ,,ttached amendments to the operative agreements. 2. Approve the t.... i,:imenis with modifications.` Attachments: j , 1. Amendments to Operative Agreements. 2. Analysis of Changes In Indebtedness by Project Area. ! `� 3. Analy-sis of Indebtedness by Project Area (Summary). ;.`!. ;► •Yaf;; 4. Analysis of Lang'Term Indebtedness (Detril) rr?f' + r r�/l3J 1 , .1 3903j •. , v :1'.,^,SY.;7K'] ctri.�.'s: a;...rn.aw dJ 1 , I / r�i� ''Jr���y, 1 �'�-.,�..�+r►r•wr��rw YMthr.r.tvI.ri.lR]f_1t!.'.11, �-r,l._.1.��!r.. r,:lttt Y- �-.'.1 1. +•J tir�Y� �� ['��i•4 `y�, ,' •.. ,. ' h �! ll` '•.� � �� ,.�;) ,. + .+.......,. .-.. ., • ,,,...• A:�'1C3��SA!C. - ,_._ •,.T,1�.+r1'}� 'lf Ilrt Ir { '��`+ �r/1 ,dye.,, L ,'•i 'r ,. I•ill r r' •'j r+'• ! I {' /!j I � w .. ^, r r 1-4 YN AW • r ' A r I'' + Debt lAA Oparative AlMnlent r dr titer sK P t - `Rrlrt `r General Indirect, Non-C& Direct, Zqansa OPA Debt Payments Debt Ropsymats General Find S i+�1,•t , ` • ebt RMisymentm � •`, ti' spy �A 1 •F • Fuvd Water FoW Advances Debt at 0/30/88 jJ•[ •, - �� l -\. I: dt - •fir. + { ti r •,fit Yt�yl / �1 Y. r« L . ` .iei ttFhil � 'ft• 1_id s , t y s � �;t�;� �ti • 619 't R r „ • Al I :Y: ' •N d 1. - r -� r 1� E� k• ,1 t CITY OF HU MMOTON Y Yorktown, Huntftton Low In"Me Lake Center "awng TOW 4 pp 1574,500) 1159,0731 1,000,000 250,000 � I 1A4f A49 r I;` ' r f . F... tA y V � • "' � a � � -� � ` % � • %. � - ITN. tNFS.I■F, rF •y . I v 1.7 >� Lys,• � /`�• � ti.,:-' 1 •) , ram. n 1 i WO Y t. rlZ ,r p1 { �w 1 i a ,r�r -Y •,� ,; r q _ r r S iit• y _ t Howke Total Y• �}' qi.' a i R/ 1 " 1,433,117 244 it Gat 0,344 1,064,483 51,042 2,438,287 • .`. T' - I M f l :\ - •� .l 1 ✓. _ - 4. , J, . � 1 (�!��w - ✓ `'`_.. ern w 1. '•'{-� � � �"��- is -, •'r, r o •,4 n I a 1, 3301JPi. 8 REDEVELOPMENT AGENCY OF THE CITY Of HUNTINGTON DEACH ATTACHMENT 4 ANALY33 OF LONOTERM INDEBTEDNESS (DETAIL) Jums 30, Ills main/ 7•eUMV Yorktown/ 11mUnitor" Lou beanie Description Her B"ch twmetr Lake Canter Hombw ?cud Gionarel FwA Adr It/Vol 115,090 0 29,02/ 23,025 111,1i0 Accrued Inbrst to 5130187 12,150 25,326 2i 326 144,902 Accrued 9lteresl87/88 22,124 48136 4,178 0 301603 Gamed 704 Ado 18/98 2,094,311 11,111 9H,H0 77,558 319,131 3,382,411 Accrued 9ttcreet to 6/30/1: 367,474 101,763 11,023 ' 0 14312H Accrued Interest 87/N 2436IT1 3,121 111,019 8,938 11,63 9 3.17,106 Gowd Fund Adr N/67 111,10 214,309 416,651 111,311 21217,433 8 3,1)1AS%,. Accrued Interest to 1/3011T 37,698 21,316 4,414 0 63410 Accrued 1Dtereet IT/S$ 78,959 21,405 44,728 11,580 113,812 0 17911:6 Oanxel Fund Adv 0,161 1,031,111 131,105 930,011 123,414 751,463 4AMe;$ Accrued latervat 6T1N :31,185 5,135 41,901 r.,114 37,925 0 140,446 RDPFA Adv Rf/N 3,707,011 913,583 2,471.579 7 5,715,122 2,973,92% i4,169,125 } : Accrued Interest 17191 119,670 31,348 47,400 115,105 367,613 �Mater Fund AM 16141 139,000 138,400 Acaued Interest 8/30147 6,100 6,900 loorrmed Interest 97/13 i 14,490 14,410 View Fund Adel 'Pisa 1,000.Ml0 1,000,000 Aea•+._ �kW,.dt 5:/51 109,900 100,000 Dralnala Fund Adr 87/88 210,000 850,000 Accrued 14tereet 17/64 35,000 25,000 Deterred Laud We Ma nIplar 1,212,380 1,22!,380 Accrued hter of 11118 122,838 122,I138 mufftep Park Loan $0,000 50,000 Accrued Int"t to 0130/17 13,106 22,305 Aeerued interact IT/N 7,311 7,321 CUBa hdvan0a 1,041,445 15,634 1'"41"1 Detxt+d Land Sale Em Cow 1,917,A70 1,211,570 AommA Interact 37/16 111,r37 191,151 Da:. Dar. Fees 471,4tS 215,2J6 688,132 Acmuud ihterast th4•s 4/30/87 91,019 $1,188 140,287 Acsrued btarat IT/88 51,100 29,307, N,404 Lend Ads Dlatitop Frets 406,630 4159331 Alai Mterut Un 6/30187 104209 Intl" Aesrwd Merest IT116 $9,315 59,3TS CPA Debt 1,408,047 1,!Oir!f Aes7sMd 31tarret thm IM/61 118,044 115,644 Acacvsd IRtslmrt 87/18 1611628 16T,128 Plojoetr Aepb iu m Lame 11t 71T ,��� _ _g17.211 total at 6/34/81 jid= 5j".981 1.39im , SHAU min amum -1�� I•�/I)/� 1 :i ' i_. --- .,^-.._...v.....,...q--vn•ar,,....r..r- rj, '�'" yr 'I'1) / {t",1 " �' rr; '� �, i t �' I 1 L• , .'l j , �, 1 �� / ', i-C,� I.A��r If �lq� ,��,�, , "• ';t f{ r ,r' t�,a .fir YW If !;y iA.,} 1 a a����yc, �` } " lei. L'1 '� .7" I'• - ,. jl , �t, ti11 'Q,' "� a 1..,U � 1 / fIr 1 I' a 1 r'Iti• r I r • }` Wf 1 -1 � i�jQ �' l 1l / r ,• � •'' II. 1 fl��`:♦ Ii1 .�'G� ((( ... rib ),�' j� t. �' ,. � ,t it .�• •) P 1 i( 1 •R tvri '� ir1(��!/ r ) �' I II .sl, l , '• ! 4'Jrty t" } ��i hs r r� E,f W 4YJ 4 %W40, REQ1 T FOR CITY COU rl/ REDEVE arc -AG AL TON RH 87-70 Dote Selnember 21, 1287 U Submitted to: CITY CLE Honorable Ora ATrman and Redevelopment Agency Members ir r Submitted by: Paul E. Cook, Interim City Admlnlstratoo�r _. 0: Prqwed by: Douglas N. La Belle, Deputy City Administrator/Community DevelopP . Subject: AMENDMENT TO OPERATIVE AGREEMENTS - REDEVELOPMENT cbrWitynt with Cou RRQJKCT AlEfy, ndiruncyr Now Policy or Except!on State imt of IwA, Recommmxhition, Anstot, Funding Source, Ahernative Actim, Attecliffmts: STATEMENT OF ISSUE. The. city and the Redevelopment Agency have entered Into operative agreements which formally document the debt that the Agency has Incurred. A separate agreement Is necessary for each of the five project areas. Periodically, these agreements are updated to raflect the most current Information and to document the Agency's debt for year end financial statement purposes. A, Approve the amendments to the various operative agreements effective June 30, 1987. ANALYSES: - Operative agreements for the five project areas were originally approved by the City i J 6) Council on the following dates: W wain Main -Pier In June, 1993 Talbert -Beach In June, 1983 Oakview In June, 1983 Yorktown -Lake In September, 1935 Huntington Curiter In September, 1985 77' On August 18, 1996, these agreements were tart updated to show activity through July 1, 1996. It Is necessary to amend the agreements annuailly as part of the f1scal year audit process. Operative agreements for each project area document the current state of debt between the City and Agency. Agency debt Is important because tax increment In a project area can be only collected to the extent of the project area's net debt (total project area debt, minus tax increment available to repay debt). Once the Increment P104M A, 6 6 !t 4 4- r 0. 1 *J 4 I I o If equals the debt, no further Increment will be received. It is, therefore, important to establish proper, sufficient debt In order to receive full tax Increment allocations. The tax Increment allocations will be used to repay the debt. In one project area, (Huntington Center), tax Increment could be lost in 1987/83 If The operating agreements are not amended to reflect the current level of debt. Agency debt Is Incurred In the following variety of ways: 1. Cash Advances from the agneral and Other City_Funds These fund the normal Agency operations (salaries and operating expenses), and certain contractual agreements and land acquisitions. The 1986/87 total for this category is t..w; 4 approximately $1,100,000, 2. Indirect Charges from the City— These represent the redevelopment related effort of city -employees not directly paid from the Redevelopment Agency. These "overhead" charges are allowed by the California Health and Safety Code, and are computed on the basis of a cost allocation plan prepared by an outside accounting firm. These charges total approximately $1,700,000 ' for 1986/87, and represents normal General Fund expenses that can logically and legally be paid Ly redevelopment tax Increment. 3. Deferreyenhe landd Land Sale� imment Ects — certain land has been sold by the city is ed for redevelopment activities. Some of it will be cy. T V to the A subsequently resold to developers. The city already owned the land and this type of debt does nut cause any cash drain on the General Fund or other resources of the city. Certain development fees have been deferred because of redevelopment — related activities. This causes additional debt to the Agency. The 1986/87 total for this category Is approximately $1,230,000. 4. IntCrggtend D Dd — The city charges the Agency 10% Interest (per year) on all outstanding debt Including cash advances, Indirect charges, deferred land sales, and any other d6t. The Interest charges total about $1,100,000 for 1986/87. An additional advance Is needed In the Huntington Center project area for accroilsitions In future years. A, loan from, other project areas Is proposed, Instead of a General Fund. advance. The city will begin to repay this and other advances during the current fiscal year (1987/89). Once 'the cotmty has provided the final tax increment revenue data to the city (expected Within thirty (30) days), a complete report will bee prepared for the Agency to review exact amounts to be repaid in the current fiscal year. The preliminary estimate of 1997/89 tax increment revenue Is $1,440,000, although the total could be as much as double that amount due to the unusual circumstances (ie. recent sale of Huntington Center Shopping Mall). Attached Is a description of all the Agency's debt through June 30, 1997, and a dewflption or the 1986/87 changes iii indebtednesi. I A RNAT�M ACM L11 1. Do not approve the attached amendments to the operative agreements. 2. Ap;xjve the agreements with modifications. TTACIMIUM: 1. Amendments to operative agreements. 2. Analysis of long—term indebtedness. 3. A;zlysis of charges In Indebtedness. CWr/DLD/RJF:lp A., 3326h 4. Y .4 V? �7! E I 2, 2 it I .'t N ? W 'I All -R-1111 -0m ?TV Of NUINTINSTON BEACH kNALYSIS Of CHANGES IN LONG-TERM IMMIEDNESS PULY 1, 1956 10 JUNE 30,, 1917 NAIM/ TALBERT/ VOINTOWN/ 11UNTINGTON TOTAL PIER BEACH OAKVIEV LAKE CENTER EST LAST OPERATIVE AMEMENT 3,394,065 6,140,556 IsI11.701- 146,340 1,411,411 12,11.4,156 Egg ADVANCES NADI FOR f/V 06/27 -435.122 -62.793 -390,929 -22.048 -72,192 -961,774 ate 13 ''."''kCCRUED INTEREST 19/87 354,699 401,639 151,060 17,049 219,010 1,143,457 9ENERAL FUND ADVANCES INDIRECT:NON-tASH 667,800 214,899 425,054 W9,333 3110.063 1,709,845 DIRICY EXPENSES S47,143 62,793 390,928 22.048 140,195 1,171,907 EfERRED (AND SALE LAKE ST FIRE SST. 1,228,301 2,220,311 P.A. DEBT 1,648,191 1,640,891 KPIRECTION OF ADVANCES FOR FUTURE CQUIS17I0NS, To HU41INSION CENTER -NOTE 11 -462,955 -62,793 • -399,931 0 924,616 a ATER FUND ADVANCES PLUS ACCRUED INT 144,900 144,900 1EMAS111'ICATION Of DEFERRED -1,127.995 AND SALE PLUS ACCRUED INT, EN. COVE -NOTE 12 ET CHARGE IN 16/87 2,074,856 -574.254 1,826,976 106,302 19623,552 4,957,512 Ell AT 5/30/87 5.450,916 S,S74.322 3.530,685 2S4,722 2,935,033 171771,6d0 INCREMENT RECEIVED FROM INCEPTION TO JUNE 30. 1987 NOT INCLUDING 201 SET ASIDE FOR LON INCOME HOUSING 468,819 226,599 349,340 135,495 S32,845 1,705099 NET INCREMENT REQUIREMENT TO 5,010,097 3,345,723 3,109,345 219,227 2,4029217 26,066.569 . FULLY PAY OFF DEBT r N NOTE #I- The four project areas other than Huntington Canter had excess cash during the year. To ensure tht sufficient debt in Huntington Canter exists and to provide for land acquisitions for . f the Hoover/Gothard Connection, monies originally loaned to three of these project areas is redirected to Huntington Center. NOTE #2- During the year, amounts originally recorded as a debt of the WSart/Beach project area was reclassified as a debt of the Evierald Cove Fund. NOTE 13-,*The last operative agreements were not updated on a fiscal year-end basis but were updated to include activity through July 1, 1986.,which included certain advances from the •"general fund for the 1'986/97 fiscal year. These advances arse7 subtracted here so the schedule shows the entire Agency debt•` activity for the year. 4 -X oz, 4 Pi I 0 I a 4 it ML 'A 4, x.�O I Nr 7 q ljs, s h M-070 T 7 AiDEVELOPNENT AGENCY OF THE CITY Of HUNTINGTON (EACH ANALYSIS Of LONG-TERM INDEBTEDNESS JUNE 30. 1917' DESCRIPTION NAIR/PIER TALIENT/ YORKTOWN HUNIIN6TOR TOTAL BEACH OAXVIEW LAKE CENTER T[Nt*AL FUND ADVO-197§ 111.010 23,00 ?5-1020 21.020 ACC INT THROU61H 6/30/06 71V1401 21,027 21,040 2L,840 139,004 ACC TNT 1610 111949 4,415 4.486 4,486 A. 32,306 9111 FUND ADV- 19WIS 112,336 115,100 237,336 ACC IN? THROUGH 4/30/16 11,234 12,500 23,734 ACC INT 16/07 0 12,357 0 a 13,750 26,207 %IN FUND ADV- 1965/86 2,064,284 637,250 949,499 77.558 205,752 4,01:,842 ACC INT THROUGH 300/06 1461405 31,862 62.541 31979 29:636 274,330 ACC IN? 16f17 2216069 66,911 101,205 1,144 31,419 .428,017 StN FUND ADV- 1926/87 751,911 214,895 425,957 111,379 1.377,433 2.801,652 ACC TNT 14/87 37.599 10,745 .21,298 4,416 691975 144,033 VMFORD ADV- 1915/87 132,000 1316000 ACC INT $fill? 61900 60900 DEF DEV FEES 471,896 218s433 ACC INT THROUGH 6/30/06 47,190 21,843 69,233 ACC INT 86/87 0 518909 24,026 0 13 75,936 SALE OF SITE FOR NYC 9XRS 40S,536 405,536 Ace INT THROUGH d/30/96 134,232 134,232 Ace TNT 46107 53,977 53,977 DEV LAND SALE, NAIN/FlIN 1,220.311 2.221,311 DEF LAND SALE, 19-COVE, ETC 1,917,595 11917099!1 'Ace imir THROUGH 6/30/86 634,724 $34,724 Ace INT 96/87 255,232 255,232 ANT DUE TO NOLA UNDER O.F.A. 1,648,091 1,641,191 CuNlf DEV GLOCK GRANT ADV 1,048,845 1E,638 1,964,483 ADV FOR FUTURE PROP ALQ 900,000 900,000 ACCRUED TNT 86/07 90,000 90,000 LOAN FOR IL UFFTIOP PARK 50.009 so'coo ACC INT T"ROUCH 6/30/34 16,550 16,350 ACC INT 106157 6.655 6,655 TOTAL 1914.722 2@939.031 17,771, j r +r r �AIL f��.rP �i f �� t i I ty'`'t ..r �.Qrc .t+ 1 •. 1 II �,t l I ti 1A,', rl����ir ! •'' � 51. rr 'r1 1. t; 1 is Ti r (1 , I��LE �: IT �: i , ,r 1 rr+•r Y ' •rl r •Gt' i ,4f1 r' . t t° •, ������ �J�S � � ,- till' '/ t' t 7 ,. tl f, 1�1 .. REQI iT FOR CITY COU ~ILA . REDEVELOPMENT AGENCY A15TION Dart A11P11lC* 7- gums to: Honorable Mayor/Chairman and City Cou a velopmVant Agency Members Submittad bY: Charles W. Thompsan, City Admtnistr or i/ 9-0+'8.7 Deputy City Administrator PrQWW by: Douglas N. La Belle. p y Y Sub Amendment to Operative Agreements — Redevel went Project Area 9'r �� consistent with Council Policy? D4 Yr I l Now policy of Exvdption " g t of law. Naaomn�, Am", Funding Source, Aitwnwlw Actions, Attschr'wnts: ,` he Ctt .and the Redevelopmenr. Agency have entered into operative agreements which forr4ally document the t��bt the Agency has incurred. A separate agreement is nectsgr+ry for eanh of the five pro;cct areas, Periodically these agreements for yeaare end financial ,. the mti:.t current information and to document t Agency's deb z'•i: statement purposes. h ;r amendments to the various operative agreements effective June 30, 19$7 Approve the am . t `.•r�� � f -� 8HALY J; �= Operative agreements for the flue project areas were originally appov ad by the City Council on the following dates; Main/Pier -- June, 1993 Talbert Beach —June, 1993 Oakview — June, 1983 Yorktown/Lake — September, 1985 Huntington Center — September. I9$5 y' W ii 1Ir i�1( On August 16, 1986, these agreements were last updated to show activity through Jane: 30, 1996. It is necessary to imend the agreements annually as part of the fiscal year r, audit process. r: ,. Operative agreements for each project area documents the current state of debt between Agency debt is important because tax increment in a project the City and the Agency. B cY%ct area area can only be Incrcted to the ement available totof the s pay debt). Onceect athe incrementoequals the debt, tal proje debt minus tax incr Atli NO 4M4 7777 t:_ s 11. 1 t y �.�rr+4 �yr•l !` '�- � ,. +r � t •if tt _ ., 1 �r,:r r `,1 7 ,1�. � + � ��� � (1�1�' ..et rt � 7 ,. �. 'i f + 1 ` it'�•u:' ��� '� •� . r i fy, + 1 ,•t t+ti', �.. •, .'r 1 .. .,1• �' /� If 111.E 7. r�.�.,!'r ,•T !.'1 l f 1 - - 'f '1 I ttl t r'1 I r1 11� r , 'r� r v1.f G..• �+ f5 y. �' r ' ( `+, '' '. t+ .1 � �• , i. ref /,' A', ra try II i �f��` �! 1r ,i1 I 4. , . � r , ,` t '�' .i ��I: r! }�+4 } ��s•;y� �`•6 1} �.,,! i'{' 1 - '(1 i •,',yr� t,) � t '' 1 + l�-fli f r t 1, ��r . •!i�t i,�, I.I ,'»' r1tir1'rtifF!' 1.0 f+ '�, � - ` \r ,•+- ..: �`ri r�. t f t +'.A°�". R 1 �•q!�1 � li'♦•'^� l('7 ! 11 - ��'j�'i' ' ,•• f ��fy r� .' ;� 1 4r^.' y � 1't , �r 1 y1�1 Yr ��4'.:'Ir • •,. �a�`�.�� • 5J .I . 11 � lr ail �11 / I w � . .1 it '+/' 7 • 1 ) 1 r - o /f L7 11 y•�- `. '�: • V yA'C y'r' , r y •. i r' tl� 1 l 1� rySt � It, •_ _•r 'i'. r tf yr ', � t + 1 � 1p , �' 1 rl, �J ` t.l ', �' r 1 • 7� "J Iy.liY - .1 •l (, , 11 �, �� r� IY�,ir r{�, J�' i� y r f. .�J i � % , ♦T�i r}1, P, d M., } � � !mR''' , x ':1 •, a r' , }{_,: • 11 I ,, •• � \Iri7 REQUF.STfOR CITY COUNCIL ACTION • Amendment to Operativib Agreements - Redevelopment Project Area no further increment will be received. it is therefore important to establish proper, 4 sufficient debt In order to receive full tax increment allocations. The tax increment allocations will be used to repay the debt. In two project areas, (Huntington Center and Yorktown), tax increment could be lost in 1987/88 if the operating agreements are not amended to reflect the current level of debt. (,1 �• 1 Agency debt is Incurred in a variety of ways: 1. Cash Advances fT m,mtthe General and Other City Funds These fund the normal Agency operations (salaries and operating expenses) plus certain contractual agreements and land acquisitions. 2. 1adrg Char,Zes from the Citv - These represent the redevelopment related effort of City employees not directly paid from the Redevelopment Agency. t?: These charges are allowed by the California I3ealth and Safety Code and are computed on the basis of a cost allocation, plan. 3. neferrd Und Sales and Aevelopment Fees - Certain land has been sold by the City to the Agency. The land is used for Redevelopment activities. Some of it will be subsequently resold to developers. The City already owned the land and . this type of debt does not cause any cash drain on t„e general fund or other resources of the City. Certain development fees have' been deferred because of redevelopment related activities. This causes additional debt to the Agency. The increased debt reflected in the attached agreements is the result of interest charges accrued in 1986/87, except Huntington Center mid Yorktown -Lake. Those increases, therefore, do not involve transfer of funds, but simply accounting for the interest charges on the existing; ,.ebt. Advances in the Huntington Center and Yorktown/Lake project areas are for acquisitions In future years. The city will begin to repay these advances during the current fiscal year (1987/88). Once the county has provided the final tax Increment revenue data to the city (expectedwithin thirty (30) days), a complete report will be prepared for the Agency to review exict amotints to be repaid in the current fiscal year. The preliminary estimate of 1987/98 tax increment revenue is $1,440,000. Attached is a description of all of the Agency's debt through June 30, 1987. 1. Do not approve the attached amendments to the operative agreements. 2. Approve the agreements with modifications. AnAMMM: I. Amendments to operative agreements. 2. Analysis of Long Turm Indebtednesz for the Redevelopment Agency. CW rADLB/RJF:lp f! '1 ��'�ti, ., {; 1 r � �� j , t }, r,�;;' ;r71 1 t., r•ri�.�,'1,rj;.,al . �yt�i� Jr Yf, •il 1 , �..1�L1 fA. ,�, (�. � 1.1' f '�+ r"'a , r,, ' ,. „t .ti f t( J�C I f , >' 1•. Ll i�>,� 1 . , j�,• � t j1ty f, 1 � �1 ,�1 �•1• 1 1'I • ,: .'t.. 1 ri r'�, •, I fi �•,l ,.'� tt .i ,' :r PY(P'4rti •�` ` � � 1 ' , i' ,!.I v-. , " 'y� ! rr��fl'.�f f'«• rrrjtftj' ,j ;�' ' \ , r' � � ,�� 'r,'`` ' �, ': � _'.(! f, 1 ♦j � ,( tli tt tl ��t'7r i' ,, Z' , f 1 `• (,.rf1''�f i.` r 1�, 1 1 , { ' ' �t l `�C! �' � 4,� S yh,r�'��� ?.JI i � jl ., I t i fs f•t a t�OF •,:rs y,1 u w�1Q r , .T 'old '�►' �` 'N i rNi "1�r1F �', �. ftir r, II t { k 1 � t � , " � - ..gyp J� _ .4 � -..Y .r---, r. + .. ).. � ! . r . • ( ;' (13-153D Koh lc4 w 4EOUEST F ifAEbEVELOPMENT AGENCY ACTAINw Rif 86-1 \`'',, -' Date January 6, 1986 ,r 'S Submitted to: Honorable Chairman and Redevelopment Agency mbers t�- Submitted by: Chnrle, W. Thompson, Chief Executive Offir r 'i':epared by: Douglas N. La Belle, Deputy City Adminisirator/Redev l pment I i +- �• t ��� AMENDMENTS TOOPERA71VE AGREEMENTSt c} K . u Subipct. ' Consistent with Council Policy? Al Yes f j New policy or Exception � Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: 5 f � STATEMENT OF ISSUE: `�Y� As direct loans are made by the city to the Redevelopment Agency or as the city Incurs ", .. administrative Fypenses on behalf of the Agency it Is appropriate to amend the various Operative Agreements, The attached Amendments will document this Agency debt ,�r�.through August 31, 1985. RECOMMENDATION: ' Approve and authorize the execution of the rAtached Amendments to the Operative Agreemunts between the city and the Redevelopment Agency. c. ANALYSIS: Through the standing Operative Agreements between the city and Redevelopment Agency the Redevelopment Agency agrees to repay the city for direct capital loans to the Agency and to'repay the city for administrative axpenses incurred on the Agency's behalf. The terms of these Agreements require that the Agency pay 10 percent annual interest on the debt and that such obligation is limited to the availability of tax Increment. To assure that the amount of Redevelopment Agency debt to the city 1s properly documented by each Redevelopment Project Area It is necessary to rX' periodically amend the Operative Agreement for each Project Area. The attached Amendments wUl Increase Agency debt as follows: Oakview Redevelopment Project Area: Debt to be increased by $72,119 in 6 ;Y administrative expenses. Total debt $582,119. t Talbert -Beach Redevelopment Project Area: Debt to be Increased by $41194,904 r' Including administrative expenses and land acquisition. Total debt $4,285,315. Main -Pier Redevelopment Project Areat Debt to be increased by $6371839.00 in ' administrative expenses. Total debt $1,862,830. Yorktown -Lake Redevelopment Project Area: Debt to be Increased by $24,837 In administrative expenses. There was no previous Agency debt for this Project Area. Huntington Center Redevelopment Project Area: Debt to be Increased by $37,386 in administrative expenses. There was no prevluus Agency debt for this Project Area. ' J° `;1 PIO/f/65 rl i-�r .�1 , I, i�•1 .1 ��� ,I it v C. t r r 1� �, , I • rr_ , J - �SrS �. •;fj.. 1 / 1 4, r<f • ,1 4� e vj 4 86 .� Page Two F ♦ t v �L (. ALTERNATIV P. Do not apT weaken the I} y n , Redevtloprr y. debt requIrt r Operative \' ' , a *� gyp•' (� , t _ _ y!�r1 + fi >,t a • w or v y t 'r r , � • r t r: K � to • ��. - I� `11 --+fir, ,'+�'� IL 47 s • •) -- ,-. 1 1,� !f'f1 (r_Ft f(W(: 11 -j) 'T' IF�••� I N. • • 1 1 ,• � 77 qq i C yh �J��111 :v'>x ���y'�{y1�;. f.s M.i�y�, I �, i �` e.7�Y (v •\If+J� `-��rtl !�r ti♦ ! ,•J}�-� rl/Y^ii Il�tly l I'I 5.a'�(S 73}�r J�,JyR•j!•�i�� +M1� r ��, •��. el.,,�l�,`tl �4a'.,'�,�, r.,f`%r�Jrl �' �1, .�.:�r� ' �; „ rah., i' i 1i,1 f' 011 0' Y cached Amendments to the Operative Agreements. This will Ion of Agency debt. tax Increment. Apney debt to be repaid from future years ,i' , c Increment may be collected. mendmentn' e�i + r., tf� � d d 2: r t, t,S , i 1i• 1 ,Y •/t 1, •+1 • {� j4 f „7r L.�i �r`,fmf��•t'1' 1' > .�t'I, 1 1 1 i(. `r i!t t� 41i f,;�71l+ / • •r Y' J. \ 1 j+ .��\it r �,1 � �1(1• �1`(iA ! ! nt • 1j + , It _:1 h ., '1'T c {Y•i ' I��i� 'v fl ll�� J ••� � t! ' t �k/�, :�,�,��, �r • , ,+?t /�+� r ut: t•,; t f 1` + 1 1 alr,��� � ,, �a it '' ,+ �1 ° � '. ,'Y• .1'r,N 5 1 �,,'I�Ait i 1 1 Y' S 1 '7 i J. rr 11 ,' , •'' jll�,, F.s•r�+�'7 i+, } 1 •/i ;i' tfiti �•,�'.,1 �+�' 1 ! • i, ELK r i♦ /..�-.. �!�lt,rt 1 +'. ,1�I!i a�f�"�, .,\� - ,. �.�5 n IR1 ,�' +�S ] r ♦ ff f � 1. ` ,y�`' ti. t:• 1:i' ic]I��i,'1'y'�;+- ar: 'r :r •,ritt�� „ "1 n 44 N-11 a. . a r I % 7- ': ki 71; t A.. e RE01.08T FOR CITY COU10IL/ 0% REDEVELOPMENT AGENCY ACTION 1.4vall P RH 9(,-62 Doha August Si* 1996 Submitted to: Honorable Mayor/Chairman and City Council/Redevelopment Agency Members Charles W. Thompson, City Administrator/Chief Executive Officer ��. �C.O131tv submitted by: Douglas N. La Belief Deputy City AdminIstrator/Redevelo Premired by. Cl SubJect: AMENDMENT TO OPERATIVE AGREEMENTS - REDEVELOPMENT PR03ECT AREA Consistent with council Polky? D4 yes New Policy or Excepts Static wt of llwm, ReammwWation, AralyWs, Punding Source, AltawAlve Awtna, Attachments: STATEMENT OF ISSUE: Periodically It Is necessary to amend the Operative Agreements between the city and the Redevelopment Agency as addW A debt Is Incurred by the Agency and additional administrative costs are forwarded by the city. Attached are amendments to each of the Operative Agreements In this regard. RECOMMENr3ATION: Approve and authorize the Clerk to execute the attached Amendments to the Operative Agreements between the -city and the Redevelopment Agency to document loans and ,,;,,�,3`,i1 other advances of the city to the Redevelopment Agency as Redevelopment Agency debt. ANALYSIS: There Is one Cperative Agreement I each of the five (5) Redevietopment, Project Areas and through these Agreements ib documented the current state of debt between the city and Redevelopment Agency. lw� City funds are forwarded on behalf of the Redevelopment Agency In two (2) basic ways. '6. tr 1.) Capital loans by the city to the Redevelopment Agency; 2.) The Administrative expenses Incurred by city staff on behalf of Redevelopment W fir IC PICAgency projects Is considered an advance of city funds. "47 Periodically It Is necessary to update the amount of existing debt of the Agency and �'l''?y this Is done through amendments to the standing Operative Agreements. The attached Amendments represent adjustments In the total debt of t,',e Redevelopment Agency Incurred thi-ough administrative expenses forwarded by the city and by accrual of Interest upon the previous debt. 1404114 77.7.71 7— V, 7, 4 art r to t rf, •t-1 • r i/ 't 11 1: t . i,AL k� >•'r' 4r��ry'�7I FLI A,AT cw _ �1 ./ti N • C�w 001 �• L. t Jj�t' ( � ♦� ti 'x!�' 1 17 NOr _,„ :r S : A+ •� / +� 1 �� F „fit yt:nS 1.:� y, �N 1 idl�f • _ . + 1 r • tv s � r �, r r4 f!b yam, �•�. • ' . �kvi. TV { . KftrYCe s, "r xr/ tt J r i Y w �ei,I_�wA• _ i* ji i.. '•�%Y,Te ie'i'(': -rjti e P ♦. r d ^t}. % 1 �r c " C � V =� 4 � •ttt ��r I` � . . •, er .• Y f I pMent Y " if 10% i' It . rt 1 1 ' - �• N c 1' .r y i t r . Y Or; 1 'off''}�IpY ' fir• � t t ` Ckdii •�;�r ,. �ir 1. ,• ',lt ;;f x"U (� ,'.�lx sltill �� r ,v tl t f ! ,i r rt '•i�, if. `. ''1,. r"1,r.. � r.r, t, r,4, t' ^.,. t .1 1 r REQ1 "� T FOR CITY COUM! IL/<,� /.. //�{//./4-- A I • ` ` REDEVE�. ' PM ENT AGENCY A ! ON RH 96-337 :a D� May 9, 199 i G try '* 1 r Honorable Mayor/Chairman and City Council/Agency Members �� r Submitted to: Submitted by: Charlt:s W. Thompson, City Administrator/Chief Executive O fic r .4 Proparai by: Douglas N. La Belle, Deputy City Administrator/Redevelopmen �i ' ►��r" ., ,t END OF FISCAL YEAR AMENDMENTS TO OPERATIVE AGREE-14�NTS Subject: s i 1 `�• 1 Consistent with Council Policy? Yee (] New Policy or Exception Statement of Issue, Recornmencfetion, Analysis, Funding Source, Alternative Actions Ank4i nts: / *7 }' 'TATEMENT OF ISSUE: f To document the debt of the Redevelopment Agency to the City there exists an Operative Agreement for each Redevelopment Project Area. To assure that the maximum permissible amount of Increment is captured for this fiscal year It is Important that all debt Incurred be recorded through Amendments to these Operative Agreements prior to June 30, 1936. Appropriate Amendments are attached for the 'j Council/Agency's consideration. '�� RECOMMENDATION: ` Approve and authorize the Clerk to execute the attached Amendments to the standing Operative Agreements between the Redevelopment Agency and the City of Huntington Beach: - Amendment No. 3 to Operative Agreement No. 1 - Talbert -Beach Redevelopment Project Area. Increasing total debt to $5,942,405. Amendment No. 3 to Operative Agreement No. 2 - hialn-Pier Redevelopment i� Project Area. Increasing total debt to $3,119,784. p > r - Amendment No. 3 to Operative Agreement No. 3 - Oakview' Project Area. Increasing total debt to �1,206,473. l B , Amendment No. 2 to Operative Agreement No. 4 = Yorktown/Lake Project Area. Increasing total debt to $145,154. • br ! - Amendment No. 2 to Operative Agreement No. : - Huntington Center Project Area. , Increasing total debt to $644,956. , ANALYSIS: ; Periodically as the Redevelopment Agency requires capital to undertake redevelopment A 'r,Yr activities it borrows money from the City. The mechanism to record this debt and the y` attendan't 10% per annurn interest paid Is through the Operative Agreements bettireen the Redevelopment Agency and the City.00009 J•,r ,.. MO Ole/ , T+ ., ... +�++.�n.+wws�±'a'�ti.,a v.rrcA.:rzsnc. ,. -•� t . ,' ,, . - r • r .rvtAarwrm 9>m" �"'ti . t ;an flr �'ta�ra i� !1.l'�Lfi k"•R t 1t , l .4 ,'x t• Ir +'r 'i .•.1 �! r I` .,ty "S' " 17C, h �''•` Mi: •. Ti .X T •�' . �/ ;(� • 1. ,, �� .r a rI •� r i!(t}r. •� ri .J4�' ,r � '! ! ° {'1 Z" , `1 • '�' , , r 1 �. _ r �I• Ir' t, y r I 1 ' .. ,,�•t i , it '' •• r. _ i t 7�rL / �:..'•:� ii,,'', , t' ;�• i. r , S ..« .i,J�,r. t{r 1 l•.�r �rT�rp��ii fy le{ i r}'i ,1•�d••1+iA , r.y� r•, 'f ° ..) ° ` �j r� ♦rti/ i i„l a J ',�, - 1 . 4j•j''�>';,.•. it �r�t ',�' rl .. ... ' ),i � .'C+r .•., �' i ri'f r'f�yi `% .. r 7. �! �'. )i. F r ^ , � N°..,` I1' �Y { , •. f Yt! 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'ri' � REQ .::, ST FOR C: ` REDIEV OPMENT AC-ENCY A TION � RFi 86-37 h Data A Submitted to: Honorable Mayor/Ctrairman and City Counc.'I,,Ager.cy hieml Submittec+ by: Char►es W. Thompson, City Administrator/Chief Executive f Douglas I-4. L.0 Belle; DeNuty City Administrator/Redevelop Pr"mrod by: Subject: END OF FISCAL YEAk AMENDMENTS TO OPERATiYE Ai C imConsiswt with council P•ol W a4 Yes (l New Policy or ExceptionStatemwot of Issue. RetwmmendaHon, Analysis, Funding Sou rc'e, alters Hvt Actions, A ts: --....rwrrw I—� r STATEMENT OF ISSUE: To document the debt of the Redevelopment Agency tn 'he City thP:e exists ar. Operative Agreement for each Redevelopment Project Area. To assure that the r maximum permhodble amount of increment is captured for this fiscal year It Is } important that all debt Incurred be recorded through Amendments to these Operative Y Agreements proor to 3une 30, 1986. Appropriate Amendments are attacatcd for the Council/Agency's consideration. RgCOMMENDATION: Approve and authorize the Clerk to execute the attached Amendments to the standing Operatives Agreements between the Redevelopment Agency and the: City of Huntington r. Beach: - Amendment No. 3 to Operative Agreement No. 1 - 'Talbert -Beach Redevelopment Project Area. increasing total debt to $5,9429405. - Amdndment No. 3 to Operative Agreement No. 2 - Main -Pier Redevelopment Project Area. Increasing total debt to $3,1199784. Amendment No. 3 to Operative Agreement No. 3 - Oakview Project '`Area. Increasing total debt to $1,206,473. - Amendment No. 2 to Operative Agreement No. 4 - Yorktown/Lake Project Area. Increasing total debt to $l 43,154. - Amendment No. 2 to Operative Agreement No. 5 - Huntington Center Pro;ert At -ea. Increasing total debt to $644,95L. ANALYSIS: Periodically as the Redevelopment Agency requires capital to undertake redevelopment activities it borrows money from the CIty. The mechanism to record this debt and the attendant 10% per annum Interest pald Is -trough the Operative Agreements between the Redevelopment Agency and the City. N MO 4104 C� 4, ! �,�,�'t•;�J. 1'71 pet 1 �• t r [ - •,' f.• , t i ' % `} ' t � r / fs¢✓d1'. l� !•.,, +it'll • 1� Jt • j ���r �l�Sr�, L�YII •Y; ^t,{, (afJS { 4 'i�t r i , ', r i .,1 t / '- t 1•.' r a �7i��'.�1T'�y [� .: .,,,� � ff^ ��r � �S'L r1rl F 4:41 .r, lr• ,i f!L .. .',1 � '' l.J•• t 1' •}S, 'ij! ( � i+.7r'i ' ,JOB., �. i 7!yf r r � •.'� �t T., + 'T I • , / , �'t u r } ',', ' ' 1 J i d . (� J ,j / , c �� r i� r� c ,t'{ 1 ill 'f�9 r'• � ,r , l , , 1 r .. �, , y L Yr 4L�L .( 1 xy r•. e'1y ir,��, U •,• -.'r t'• , ' 1 '1'. J . Iy y�t" / 1 't5' I, l 1.;,1'+� '� I � 1 � l !. .l I` '',�' •., Y r � }J �•{' Y f y �lJ'A � r Iv F ) i 1. :.JlVl IY';'r 1,ljul: w j f '{' �;�, ` i"7 ;;r�r, },':a;�y�.yy•N,�•, A ��{r;� ri hft :�. �1 r. !,• J �' _ , ti j tl.,. r `, .�i,y'. i.rfii 1„t1j Eir '7f. J i!, A 'tl,, `}�' ':((•�.. ,,T. .7 is r., f : •. 'I. j. _ �'{,}?�'� !li�li�+i' 4��: .f:..� !r 1 ,!,/t, •l� � , ... _ f�. 1 i f ':i. ,r .( 1• tl_} .i 1 ,,�, ,ti��.a, f. �•r 1 :f (''rI 4�, R��,I'cG l .� (/ •[(��r,��`,�{�tyrirt�, p` •,t �, i i t � `i '':'I 1 !} �'�;i �{ LitAp,.� J Y..l�: (}fir �'i/ li .{ _ r lA. •, f , r �..• 7 � .I. .t ;� •t, .J �. t S �r+r .7 7, J '} l.i •� 1 r ) �JJ j•�.t4�.t.ryf,,,�1 + �''.f rii� • 11 �� �r t, r,w•}} '• 4 ;*�' r � a 1, '�) 1 •7•f.:;� .•t,•"ti,l�f � :/JT[, yy►`r �1 �n� f'1•�AY,f')f't,�tTl.�..f`'p• ter S{'�,f t:,t. �1. v t i` ;! 7. ? '1�I'`:... . rT,pA,it,J t{S•�'f`•'�'K�,.I�ij,;•;(V' }'. 11 �rr k,�J�S.N r + ;,: }• .t, .i . •�..-_) 1', , }�';•f �' .y'} �1. .A:}f•/��.:. Y«r +�'~i. ,'�.Tf t�y'►]� fit', N yy., 'C•�.y�yr L-'/ t I. 1' ., •i,,l 1'r I. ,lei. ,r. k., •�,; y, r ,. .a; r _'r• 'i� 't t r �`. `J i , }•r,? 1'l�s. r ' 1'' .. T •,� r �r'1 'tyr.,7f,. �• r":... .. .!r-• Ir .,.i .''`•, ..'s �. ` • 1 a k_i� i ;t. 1r• — <- �:.1., 1, r ••r '! � )l,[. 3�� !• �}�[I'�, ` ,' .•M lJr i/•l"�j.'J�' LJ .ti,t }`(•!r .Jy .; •t; 1r .n J .�, r ,llLt F i;`,i/f � t-s,,� tip ,t 7 t �,p� al,�a�., �+ ''` D Y, ...f . ... r ,, f �� b rt{{ ,7 � f 1'.tJ1./ , .1 it i:.;J • •;� '•-. •-,` rYji r e�'r' J4� 1„,4',ri, !y •.:+ .tt - .,, r ,;. a 1•,. •, , 6r JT. +. .l al�•71 `Irr a r�}� r•' ^r M` r • f t' J ' ��, , i , M ...._....,,......,•...w.._.__.,,:..:...:�rl'..i..vLl:i,'... 'ice _.-..., .r11' .. .. ,. r , it ., ��c4. ". . !•,� i 11 �6 RH 26-37 f A1ay 90 1936 ; Page Two ' 1 In addition to providing docurrrentatlon of the debt be?Nectt the City and t► %. Agency these Agreements also provide the record through which Apcnry debt is substantiated to the County of Grange for the purposes of collecting tax increment. increment to be j paid in the first halt of tl!e neyl fiscal year (19F5/87) 1s pred'cated tiporr the dent of the {{ Agency ptoperly recorded on or before June 30, 1986. For this reason the attached t Amendments incorporate not only loans for capital activities but also adm;nistrative ' expenses Incurred by the City or, behalf of the Agency through the end of the t.urrent f iscal year. h` The amount of debt shown I'm each proje=t area is subject to adjustment at the close of � 1 the•. annual audit. Any such adjustments will be accominodcted in FuL !quest amendments. ALTERNATIVES: Do not approve the attached Amendments. FUNDINC't SOURCE:: Redevelopment Agency dent to be repaid from future tax increment. F ' ATTACHMENTS: I. Amendment No. 3 to Agreement No. I - Talbert -beach. ,. `;.,' {:`•'t 2. Amendtnent Mo. 3 to Agreement No. 2 - Main-Pler. 'r 3. Amenament No. 3 to Agreement No. 3 - Oakvlev+. i 4. Amendment No. 2 to Agreement No. 4 - Yorktown/Lake. S. Amendment No. 2 to Agreement No. 5 - Huntington Center. CWT/UL3/SVKrsar t'� 1 i•,r , 1 2407h y y r i J. r Ir. N l+�t M.J. j. 1 '•;:. 1� 1 , •`'af `. _' I ,,,yr'••I tilt 1 �r ....�1 ,: .� _.' "•.'.'.' w� err •� _ _.. . /►�r ^rvlt1 I',�Jl';;'y ,._.. �. .,.•, ' ^-f. �.•i � ,.1X/�a':... ._t. I , . �`:`. �� ,1J� M l 'f'.jJ�T�w .'r,7T-r."j 'i'�.;':f. r—•^--�.y".= DF•"iTr}'n•�+cx rW� ' • y t r � i - 1 ', - I . I' ! 1', r 1 r r t . � dl'y ^ , r i nirf, , If� c _1' I r 1�?tip 8 :J f t, ,(/ .� r 1'.• ' , ').5 •",li, " i (,7yi'. ,�• , L_.S 1, .. I; + - li '1. - it 141. 1�' '�.1 •' 1�. �� Y ��t: ` Y t 1 �:'+ f'r1 ,r- 1 ,'.� .. " �rr, '., , r •,1 }� ',,, �.1' W, 3 lv r �..if twr-'-'•- -i., ', -i1 rV`.? 'r' r�,,y''9'�i'!'� / ' ., 1' R �' F6R CIT�f COU RE--DEVE PMEN T AGEfyCY A�,TfC�fV ' Date ...►fu=t1»�l�ii1----_ l ` �' ` 1 1 1, t+• • ' Submitted ta: Honorable :ua or�C.hairnlan and City Coot) 1e veloprnent Agency Member ` Sum City Administr or Subrnittmi by: Charles W. Thompson, 1 t De ut r City Administrator I Douglas A...a Seile, p J F.-epered by: ( Amendme nt to Operative Agreements — Redevelapirent project Area �'^r. � , , Con►istent with Council Policy? r its I 1 Now Holicy � � Excbptiatt ' AttaChtrants: ssua Recommendation, Analy0s, Funding So,,rce, Alternatitre Actioru, statement of I Agency have entered into operative agreernent� which The City and the Redevelopment Ag Y ��. formally document the debt the Agency has incLrrate agreement Is lieceSMY t'hes� agree t vents are updated to retlect s for each of the five project areas. Periodically t t:I went Information and to document the Agency's debt for year end financial 'N il•ie most current tt ` 4 rNti r , statement purses. �> v r D& -: r t ' Approve the amendments to the varlous operative agreements effective June 30, 1987. originally • roved by the City a, Operative agreements for the, five project areas were on mall approved r Council on til<e following dates: ` Main/Pier — June, 1983 • �� Talbert Beach — June, 1983 c f'• Oakview — June. 1r,83 " �'orktawn/Ldke — September, 1985 ,1 RHuntington Center — September, 1985 On August 13, 1986, these agrcenenis were last updat ed to shoo• activity through ='y ` 30 1936. 1t is necessary to amend the agreements annually as part c►f the fiscal year June , audit process. r Operative agreements for each project area documents the current state of debt between ti p pnc debt is im :ctant because tax Increment +n a project ��.►.y the City and the Agency. Ag.. �+ project ar.sa y, r ;� �,, ,� '{� ' - , --• � +act area s net debt (total proj area can only be collected to the extent of the pry, Tr• �s Q�cs the increment equals the debt, I 1 debt minas tax increment availatale to repay de►.•�• . '��•t1 , !• {., �'/�� `�.! f it "ilk r01 ' h , ,1 1 rr J r�r P� N'i'/ n _, i...,- t... , , , Iyt. t 1 1 +, • r r i,�l ILA, �y p `.,.• q `1 tf' !, tY•, .1 �Sv.•-�•,•i'y'r r i .'R . ',y{y, , '''.i r•, F`�''� f 1, „jit 4!A�R •,i�����'�`Ja��rY�'�f4., �''A3'�'ti2�� r'� � y}!�� •• �f.�;A •qJ� r, 9 i 1 r Irl. ,''.! f1- r .- I ',�. `',• `, 1 I •� .fir r•Y 1 Irl• { l 1�: �I �• � I1 iJ , r - r - 1 yr '� ��L�r1 ;��: � 1 Ni 4- t it 1 9' 1 REQ JEST FOR CITY COUNCIL ACTION t,+, �� Amendment to Operative Agreements Redevelopment Project Area ' 1 no further Increment will be received. It Is .herefore important to establish proper, ! ; sufficient debt in order to receive full pax increment allocations. The tax increment '. r' allocations will he used to repay the debt. In two project areas, (Huntington Center and i Yorktown), tax increment cou,d be lost an 19R7/88 if the• operating agreements are not t amended to reflect the current level of debt. Agency debt is incurred in a wariety of ways: I. Cash Adyanrcs from the General and Otbar -City Funds — These fund tht: normal Agency operations (salaries and operating expenses) plus certain contractual ,agreements and laced acquisitions 2. ItLirML Charges Jtom the.Q These represent the redevelopment related effw of Ct;y employees not directly paid from the R>t.'development Agency. These charges are allowed by the California Health and Safety Code and are computed on the basis of a cost allocation plan. 3. Defeired.Land_Saler- ind I)Pvelopment Fees — Certaln'.and has been sold by the City to the Agency. The land is used for Redevelopment activities. Some of it will be sutnequently resold to developers. The City alrea4y owned the land and tetis type of enbt does not cause any cash drain on the general find or other resources of :he City. Certain development fees have been deferred because of rA- evelopment related activities. This causes a3ditional debt to the Agency. The Increased debt reflected in the attached agreements is the .'esult of interest charges accrued in 1985; 87, except Huntington Center and York tovi, -Lake. Thnse increases, therefore, do not Involve transfer of funds, but simply acc.-ountIng for the interest charges cn the existing debt. Advances in the Huntington Center and Yorktowu/Lake project areas are for acquisitions :n future year. The city will begin to repay these advances during the current fiscal year (1987/88). Once the cou-,ty has provided the final tag. Increment revenue data to the city (expected within thirty (30) days), a complete report will be prepared for the Agency to review exact arnounts to be repaid in the current fiscal year, The preliminary estimate of 1987/83 tax increment revenue Is $1,443,000. **aA tt.'c�. __d�fs a r+escription of all of the !agency's debt un Jugh June 30, 19R7. A.L NA a�'j ACTIO:j 1. Do not apprvve the atr3ched amerdments to the operative agreements. 2..� ((����]Approve the agreements with modifications. ���� e..d.11Sc MM 1. Amendmsnts to operative agreements. 2. Analysis of Long Terra: h.debtedne:;s for the rce"development Agency. CWT/DLB/RJF.lp r h ' `1�)) t r 7 larva - a • r 1� 316yfT%�7'+'N (',1�. �',}%., .', ����... �... _ � � r't • .mot'.. 1`��t. ..,'�1 T ,,.. }• ..� �). Far •' i J�t 1•r •'''. r' ' ?�f i > ; . , J 1 ,Y j,Rf r , ;*J �t fir. 1`_' .+ ', cf5 r. , • ,,, 1: .. ff '.j '�,� a,.'+A L t , t ,11 ' • Y , i - 1 r � � �� '+r 'r � Ya , t G�t, 1 �'1 ij C`lt,4u l,:r �'ll n:. I i- . fr '�j•' �.` �I V a r r , 11 11 , till'. r REQI ST FOR CITY COMM/ REDEVE � � c .' �1� 10N RK$7-7o y rr beta September 21, 1987 P_, Submitted te: ctrs• cLsU , Honorable Cylair.,nnn and Redevelopment Agency Members -•,� + Submitvid by: Paul E. Cook, Interim City AdmiMstrato -'--� ~^ l Prepared by: Douglas N. La Belle, Deputy C;ty Admini:,trator/Community De:ve=.l:q. � Se,bject: AMENDMEi''T TO OPERATP/E AGREEMENTS - REDEVELOPMENT ` { Consistent with V4uncilMaOCT ARE yt [ j :-Nw Policy or Exception Statement of Issuo, Fla, mmendation, Analysis, Funding Sourc o, Alternative Action:, Aiiwdtrnants: t 1`I Y�v ✓• ` The city and the Redevelopment Agency have entered into operative agreements wh ch formally document the debt that the Agency has incurred. A separate M �� ,. agreement is necessary for each of the five project areas. Periadic ally, these ' agreements are updated to reflect the most current informat'.on and to document the i,•-� ,t. : Agency's debt for year end financial statement purpose's. RE -OMMENDATM: } Approve the amendments to the various operative agreements effective .tune JU, 1987. Operative agreemPrits for the five project arras were originally approved by the City Council on the, following dates: !. •C Jxy t' ! i Main -Pier in June, 1983 Talbert -Beach in June, 1983', i Oakview 'in June, 1983 Yorktown -Lake in September, 1985 fiuntington Center in September, 1985 'ri, On August 18, 1985, these agreements were last updatz'd to show activity !hrougn } { July 1 ' 336. It is necessary to arnend the agreements annual!y as part of the fiscal ` 1 year audit process. ;` `► Operative agreements fo: each project area document the current state of debt': ` �• Y between the City and Agency. Agency debt is important because tax Increr*ient ir a i» ` a• � � project area ran be only collected to the extent of the project area's net debt (total �a r project area debt, minus tax Increment available to repay debt). Once the increment IL , 4. q�>?'2r�'?1 t i 4 ty ff,. Y. ,.' � S,`'�1;w"} ,•,� �" '. , . •• ... J•;; ,'�,\ � LV •1re err ! I I y�l'., •Y .. {, �, •'r;1� '' is •�J ram`•. •, f' �/� . ' -f �, ", r y ` .�,i Y�1 �r�fl Jr�l. - J'�,,Y �r!1 li , .. .. ;, y{�ct�',+r. �' c •' "! • lick Bolin -,I { JL�4,iSbT 1' �{.^? , �,�,•r ' S'- •'r \' ,<r f .'u` i T f V' T. ' , • �u a t, k ; r. y 7j ' `1• r 1 .1 t r. 04 equals the debt, no further increment will be received. It is, therefore, important to establish proper, sufficlent debt in order to receive full tax increment allocations. i The tar, increment allocaticns w:;l be used to repay the d!bt. In one project area, (Huntington Center), tax increment could be lost in 1987/88 if the operating agreements are no: amended ro reflect the current Level of debt. Agency debt is 111cUITed in the following varle ,y of ways: 1. Cashdvance fmm the Qeneral and Other City Frrn -- These fund the normal Agency operations (salaries and operating expenses), and certain contractual agreements and land acquisitions. The 1586/87 total for this rategory Is �l ri approximately $1,100,030. 1 ? 2. Indirect Chargefijrsm the -City - These represent the redevelopment related effort of city employees not directly paid from the Redevelopment Agency. Thee "overhea:t" charges are allowed by the California Hcalth and Safety Ccde, and are computed on the basis of a cost allocation plan prepared by an outside a.:counting firm. These charges total approximately $1,700,000 for 1986/37, and vepresents norma; General Fund expenses that can logically and legally be paid by redevelopment tax increment. 3. Deferred Viand Sales and Deyelop r_nt-F-m - Certain land has been sold by the cl!y to the Agency. The In nu is used for redevelopment activities. Some of it will be ' subsequent :• resold to developers. The city already owned the land and this type or debt does not .;ause any cash drain o:i the General Fund or other resources or the city. Cc tain development fees have been deferrer: uecausz- of redevelopment - related activities. This causes additional debt !c the Agency. The 1986/87 total foe this category is approximately $1,230,OG0. 4. Interest and Debt -- The city charges the Agency 1004. Interest (per year) an all outstanding deb: including cash advances, indirect 0-merges, dei'esTed land sales, and any other debt. The interest charges ta►al about $1.100,000 fc! 1986/87. ' An additional advance Is needed in the Huntington Center project area for acquisition ,. in future years. A loan from other project areas Is pr.,posed, instead of a General ' } Fund advance. The city will begin to repay this and other zdv3nces during the current fiscal .-ar 1987/89. Once the county has provided the final tax increment reveiu!e data to the city (expected within thirty (30) days), a complete report will be prepared for the Agency to review exact amounts to be repaid In the c,rrreat fiscal year. The preliminary estimate of 1987/88 tax increment revenue is $1,410,000, although the L�' r• total could be as much as double that amount due to the unusual circumstances (13. recent sale of Huntington Center Shopphig Mall). Attached Is a description of all the Agency's debt through June 30, 1987, are a :',', description of the 1996/87 changes in indebtedness. ALIERNAM A,CICIOiy: •,s .. ' 1, Do not approve the attached amendments to the operative agreementQ• 2. Approve the agreements with modifications. ATrrACUM1rI�I?'s: 1, Amendments to ipemive agreements. 2. Anrlysis or long-:erm Indebtedness. 3. Anal_vs)s of charges in indebtedness. ' CWT/DLP/RJF:Ip a.. 332G1t L►'f w y' '�Qo1'�"'+'ai.0 w:..v M1�, '.A . • 3�k+ .• f1�Ar 1, T r � :.' — ,> 1.'. ' LL t ll F 5� a L• r r , •,!. � is lFi-�ri �, l, all ^ ' ,'�' !'�,;•�,'. ,y"'lir4:t rr 1, 1 F M • r �3c i r. .+ r 1• �r M , ^tier 'r'K''Y as 4 M } . r i 11 ` ' �,rl.r ,` � �11�4''�r�r r �1 � � 1 '1'. � _� _ _ _ 1• 1 , i ,j,,��� �, -'4 r C t fi e r y i• Fyn L r , LJ � � 11 ( '� i�' ��� J r •rT� � � r. r �„ r. � •i:. �- it S ,;; �I ..'�.'u r,J 6r CITY Of HUNTINGTON BEACH ANALYSIS OF CHANGES IN LONG-TERM INDEBTEDNESS JULY 1. 1956 TO JUNE 30, 1987 HAIN/ TALAERT/ YORKTOWN/ HUMTINUfUN TOTAL 1 ' PIER BEACH OAKVIEM LAKE CENTER r, • i1 t{ DEBT LAST t3PCPATIVE AGREEMENT LESS ADVANCES MADE FOR F/Y we? NOTE 03 ACCRUED INTEREST 86/8? GCNEKAL FUME' ADVANCES INDIRECT, NON -CASH DIRECT EXPENSES DEFERRED LAND SALE LAKE ST FIRE Si. O,P.A, DEBT 4FOIRECTION OF ADVANCES FOR FUTURE ACQUISITIONS TA ItUNIIPIGTCN CENTER-hOTC 11 WATER FUND ADVANC93 FLUS ACCPUFD INT RECLASSIFICATIOM OF DEFERRED LAND SRLk PLUS ACCIVED INT, EN, COVE -NOTE 8; NET CHANGE IN 86/01 r; 3,394.060 6,140,566 1,711,709 144,140 1,411,401 12,014,15 -405.112 -62.793 -390,979 -22.040 -72,692 -961.774 154.699 401,6351 151,060 17.049 215,010 1,143,4.7 l 0 - 667,000 214,895 425,954 59,133 311,163 1,709.045 ., 547,143 62,793 398,929 22,048 1,40,095 1,171,807i 0 10223,381 1,220a3911+'• ' 1.64e,091 1.648.dA1 �' �: ��'• ,yyr� I f ; �1r .I r r�\t rl I NOTE !1— The four project areas •.ther than Huntington Center had �' excess cash during the year. To Ensure tht sufficient debt in-��,;;t.`r*�rY 4�*' Huntington Center exists and to proviae for land r.cquisitions for the Hoover/Gothard Connection, monies originally I -aped to threw + of these project areas is redirected to Nantington Center. ,fir �• �' •. r I1% NOTE 12- During the year, amounts originally recorded as a debt of the Talbert/Beach project area was reclassified as a debt of :r�+ 'IA", 1 the Emerald Cove Fund. M d l�1 � 1 '.)� ♦.vie ry r! + '}/�r+1, Lid �r'V , , `•�, p'+ Tf,'.' r :. , �. 2 } _ •, { �. Ili ` �. ,I I NOTE i-3 *,he last operative agreements were not updated on a fiscal year-•ena basis but were updated to include activity through July 1, 1986 •which 1nelu6.,d certain advances from th© �;, 'gonerzl fund for the t'986/87 fiscal year. These advarres are•. • �' � r 'rrT �'''' • subtracted here ::o the schedule shows the entire Agency debt +� ';'�' s�, activity for the year, _1 jsMF6 7'fy, ' �'rtl ` _ •�,.a I. ' - .. ' �I �� {�I 5i� 1 4,'+/' ,`I (;'.y ' ,. L f�• .., .,-�ilUlRryi'� l.. �,�.. ''��'1 trd'-i .. - r .,a.,' _.. �1 .': a,F" j Ils roroi Vol m Pr M re^' *"w'r\f#W'+ << � «�:'.��lrf �• ����� �tiR�� �:����, �aeaet�yr� `.1 . '- - ... +,r��.yL �•���k� .�fi nr�r��� 4� •� t, t . + J tV.+• 1 ' ti •i ' +� � '.1 '\ � `a '1,:.' ^ ? 1 �� {tr %`y�1fP, Il�w�,•ti' ,' T''rb�',1 ' ` ,• I 'i. c'. r -71 `, -,• r ti ,� 'Gi'�q ?�� �:Nr, 1 'M• 14 ■, ,DEBT AT 6130/07 INCREMENT AFCEiIVED FROM INC PTION TO JUNE 30, 1967 NOT INCLUD146 20+ SET ASIDE FOR LRW INCOME HOOSING NET INCREMENT REQUIREMENT TO FJLLY FAY OFF DEBT -464,955 144,000 -62.793 -1612..995 -390,92.. 0 924+G76 4 X44,900 -1.127.995 2,014,656 -514,254 1,025 975 06,312 1,SJ3,552 4,957,512 5,960,916 458,819 5,574,312 226,599 3,538,605 J49,340 Y54,72.. 115,495 2,935,033 532.946 17.771,668 1,705,099 S,010,097 5,345,713 3,189.345 129,211 2,402,107 1e,066.569 11 REDEVELOPMENT AGENCY OF THE CITY or HUNTINGTON REACH ANALYSIS Of LONG-TERM INDEBTEDNESS DESCRIPTION MAIN/PIER TALBERY/ vownum HUNTIPWON TOTAL 3E ACH OAKVIEW LAKV CENTER GENERAL FUND ADV.-1979 115,090 21,020 23,020 23.020 104,150 A C C INT 71HROUGH 6/10/86 13,401 21,627 21.940 21,640 130,905 ABC INT 86/07 18,049 4,485 4.486 4,406 a• 31.306 Gthl FUND ADV- 19114/18S 112,336 125,000 23170311 A CO' INT THRO;,GH 6/30/86 11,234 12,510 13,734 11 C c INT 86/00" a 12.357 0 0 13.751 266107 GEN FUND ADV- 1905/06 2,064,204 631,250 941'%99 77.55e 285,151 43013,04; ACC INT 1111111`11011101 6/30105 145,405 31,062 62,548 31119 29. -.6 27%,330 ACC I if T 06/87 221,069 66,911 1011205 0.144 11.409 420,617 6914 FUND ADV- 19116/87 751,918 214,895 425,957 111.3713 1,377,433 21001902 AM INT 86/67 37,5f9 10,745 21,298 4.415, 6T.975 144,033 WA';ER FUND ADV- 1986/57 138,000 116,000 Ati: INT Odig? 6,1000 WOO DEF oEy rErs 471,896 216,433 f90,324 ACC INT THROUGH j/10186 47,190 21,1843 69.031 ACC INT 86107 0 51,959 24.022 0 75:936 m r SALE OF SITE FGR HIG 1%RS 40S.516 _Vi 132 134, ACC INY THROUGH G/1OJ06 13411, 232 ACC INT 86/07 53,977 53,977 DIP LAmD SALE, MAIN/P112 1,220,361 DEF LAND SALE, EN -COVES ETC !19170595 1,917.595 *ACC INT 7HROUG11 6/30/86 634,724 634,721 ACC INT 26187 255-232 255,232 Aftif DIIE TO KOLA UNDER O,P..A. 1,648,001 1,648.891 0 1 Ly CORK %)EV BLOCA GRANT ADV 1,040,045 15,631 1,064,403 ACV FOR FUTURE PROP ACQ T1 900lza0 900,000 ACCRUED TNT 06/07 9010.110 ?41006 LOAN FOR ALUFFTOP PARK 50.003 ACC INT THROUGH 6/30/86 16.550 16,550 !'.LC INT 86/97 6.655 6,655 _15 TOTAL 5,460,916 5,514,312 30 5467.72 2 935.T31 1 ? �,l , 6 �69 -N. A 7L t x 1 4,; .. ,,....�..�'i�ry9...... t tt REQ ST FOR CITY CQUi ILA - wo ws �e'ftr REDEVELOPMENT AGENCY ACTION! if 6'► hit:: Date At junt 22, 14111.5 I' ' �! Honorable Mayor and City Council Members/ Submitted to: honorable Chairman and Itcdevelopment Agency Members !: Submitted by: Charles 1V. Thomspon, City Adminlgtrotor/Chlef Execut!ve Of 1 e r • f ,, Prepared by: i)ouglas N. La Belle, Deputy City Adniin(strator/Redevelopmen I Subject: OAMATIVE AGREEMENTS •- YORKTOWN/LAI{E AND HUNTINGTON CENTER PROTECT AREAS` Consistent with Council Policy? bd y.s I ] New Policy or Exception �• s�� /�� Statement of issue, Recommendation, Analysis, Funding Source, Altar+ tiva actions. A menu: _ STATEMENT OF ISSUES y `u ; J' Q It has come to staff's attention that Operative Agreements fo a erk i i1 r` Huntington Center Project Areas have not been adopted, Su:h Agreements are transmitted herewith for the Ageney and City Council's vonsiderntion• '-,i, r!'Ir, 1{.•�' RECOMMENDATION: AS CITY COUNCILS APPROVE A RESC:.'�7'ION OF T1iI: CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH AMENDING THE COOPI:ATIO14 AGREEMENT DETWEFN THE CITY OF iiUNTI;ICTCN CEACII AND THE REDEVELOPMENT >, MIENCY, BY THE APPROVAL AND ADDITfON OF OPERATIVE AGREEIIIENTm NO. 4 AND 5 FOR YORKTOWN/LAItE AND IiUN'iINGTON CENTER REDEVELOPMENT Pi OJI"ICT AREAS. ` AS REDEVELOPMENT AGENCY: APPROVE AND AUTHORIZE EXECUTION OF A t: RESOLUTION OF THE REDEVELOPhr 'NT AGENCY OF TIIFx C!TY OF HUNTINGTON BEACH AMLNDING THE COOPERATION AGREEMENT DETIh TEN TIE CITY OF 1,' ' ll'JNTINGTON BEACH AND THE REDEVYLOPMENT AGENCY, BY THE APPROVAL R`'. �>r`• {z:'''` A1iD ADDITION : OpERA'CWE AGREEMENTS Idyl. d AND 5 FOR YOAI(T01VN/LAKI 12 , 's'f •` AND HUNTINGTON CENTER REDEVELOPMENT PROJECT AREAS, f ANALYSIS: y�f<•J .ti ' O eratl�e 9 reements are the documents through which the city agrees to mv!de ^ Y services to development within redevelopment project areas and to provide the necessary ongoing ndminlstrative functions of the Redevelopment Agency. In addition, this is the document throcgh which any loans of city funds to the Redevelopment Is Agency would be affected. While thera Is nut suZ itantial activity in the Yorktown/Lake «, Project Area nt this time, adoption of ' he Operative Agreement will permit the ongoing «y *� ROminlstrative costs to he appronrlaiely chatted aP,ainsl the debt Incurred in the v ;mplementetion or thin project area. 1 ,y�i'vl' ,�11 •f . C n r„ IM 1 ilk ' ,1• I:Y('' w. , 4. ('o' r'' �f"' tA r1a ' ,>i a6 YIR�j1I ;��^ f �• `. r•� rh`\,'• .. "i- ...,. 1. '<.r`'F,.. •1-1 .. �•+1.. �'i!. v4.''r�. ,.. .• :R^4r.' ♦� :''/� 4164` ((• 1 ��+ews •r v.c.,. y,! :( t•,t �,y` •� , , i ..« • .1 ': a-1.1 +. I �'.! ,,r �.Z1 'wJ N�•f 1,1 1, ;. :'• J ', - tl'tt' 1 .�� ��ti/o r �''•'• f� ,, `1 a r ,�� � Ivy i , ,, �� :1 'ti� y' /P�• tir11 t�1 ' 0 1 r f I' 1, a' ;1 :1 r 4.1.1%n + A Rt1 85-46 Augist 22, 1905 Page Two 11 t sl _ 1 :t b rNY! , 1 i (1 'Mi Eluntington %t Ccinter Redevelopment IlrojeArea Is exhected to sac substantial 1 t . activity In the near future. For the reasons outlined above it Is irnporlsnt that the t. rnechanlsm ttu•ou gh which rdlnin'strattve costs and other Items of Agency debt may be • 't y �b • t. 1 4, 1 1 t• , }•.A.1 t5 .. 4t0 � t , •tic ��",�i -' � A�,. .,r,-. T,t�i+'titl•' b accurately documented be In place. Since this Is a relatively new Redevelopment Project Area no Operative Agreement find been previously approved. lbe attached rz•9oltitions will apprav by both City Council and P. development Agency the new Operative Agreerinents for the Yorktown/Lnke and tivOington Center Redevelopment- Project areas I. -id continue to strengthen the system througli Which Redevelopment Agency finanelal obligations lire documented. ALT ERNAUVOt Do not approve the attached resolutions. FUNDING SOURCE: Redevelopment Agency budget. CIVT/DLl3/:'VK:sar I?82h ry 7y....j r +aaK nrw ' e' ;.i@all f4 •t•iilA�1 �h !• Y .'t'% » k:''ti -rrx Y�F'F:�,"��e�gnl� lq �� t k4 ./ •, � i� , •, 1 i .,. � t t 1 i �'� f, 14 i*��F~ •ry ft�•"�4 r 3 �1� icy � • •. R�( S`i' FOR CITY COU'VL/ REDEVELOPMENT AGENCY ACTIONzIi gate August 15. 1905 Honorable Mayor and City council Rlemhers Submitted to: llonorabie Chairman and Redevelopment Agency Members ►' Submitted by: Charles W. Miompson, City Administrator/Chief Executive Me P�apared 1~ : Douglas N. Ln Belle, Deputy City Administrator/lledevelopiT ell j �-iJ1 i Y Sub iwt. AMENDMENTS TO OPERATIVEAQREL•'hiEN'I'S WITH Rrr OPMENT '�--.t AGENCY Consistent with Council Policy? QQ Yes [ l New Policy or Ex-eption eta, _ x ask �` ' t� • , 1 Statement of Issue, Recommendation, Analysis, fundinq l%urco, Attometive Actions: Attachments: STATEMEIN11 OF ISSUE: The ovIginal Cooperation and Operative Agreements to Implement the 1liain-Ple.�r, 4 Talher:-leach, and Oakview I?2-development Project Areas were approved in June, 1983. As the move forward with the further Implementation of these project i.reas It Is no:v appropriate: to amend thcse Agreements to represent additional loam to the Redevelopment Agency. it ECOMMENDAVON: Approve and authorize they fo,;i�twing A ;cements: AS CITY COUNCIL AND GENCYt Amendment Fo. 1 to Operativf- agreement No. 2 for the Implcmentnt on of the Main -Pier Redevelopment Project Area. This amendment will facilitate. the loan of city funds to the Redevelopment Agency, to ce-,Inplete the hlushrc..:. _'arm acquisitions as approved In the CY 65/86 Budget (loan ir; t , d►nount to be $1,225,000). >` r•� ` f .;�{ r Amendment No. 1 to Opera:' re AL7ree gent Nu. I for the implementation of the falwitt-Reach Redevelopment Project. Area. This Agreement will approve a loan In the amount of $90,411 from the city to the Redevelopment Agency for acquisitioI of parcels and payment of relonation benefits within this rojent area ($209 589 which P Y p remains of an original $310,000 loan from the city to the Redevelopment Agency to s� ' f. I facliltate an early coiistruction start- of Emerald Cove will also be used to conduct %` , , . ��-- • these acquisitions). ±• ��j •,,1 rM1 �' �� it ,�+ I �. `.t Amendment Vo. I to Operative AM.ement No. 3 to implemet.t the Oakview Redevelopment Project Area. 'Ibis Agreement will approve a loan of $G10,000 from the city to the Redevelopment Agency to conduct property acquisitions and payment of � reloc^tion benefits for parcels within this project area. A% CITY COUNCI1,t Approve a one (1) year extension to Use Permit No. 84-34 and Condit oval .xcep'.ion No. 84-25 granted to Me. Phil Zisakis cn September 17, 1984. N .�� ,, , •' ;, �+i' fir, I�; ,• F'yAkl �'�i7ry, jlti'''''ti. 1, .r �' �-t •�• vl' ��'l1'�.;,� •� PIO W64 i r %i ,7, f'�� , J. J tllalaer,'•rt;m.veenrcr.: ra+s �rA tf'.'�i t'(P:.;.:, 1C A4V) �vf►�a� �, � k��v1y' , , tin, ,Il li ��r '• IF �, .r� . �,. r rr `••;i. I'i � `t; (I ,• L. I.1 J.. .it- Ft ;qr�r. t T •t to ,I M11.t t,i11� I w.♦ M if rit w 11 �.. ' I ....e..w............v...an r et ..; il,'., �,. : l+ • .:i ` •t�. i •.,...... :4�.. '',�i mill'.• '' 1V 1• ri �� /�� RII 85-4260 ' t I August 15, 1905 Page Two r , , r i I r� ANAhYSIS: I A, Mnin-Pier Project Area: As the .edevelop:nent Agency's contribi. "on toward the acquisition of land fur the lluntington Central Park/Mobile Home Relocation Park, It was proposed in the FY 85/96 Midget that the city loan the itedcrelopment Agency $1,225,009 of unappropriated general fund balance. This is included in the budget in both the budget message (page 2) and Revenue Delall; Other Funds; Redrvelopment Ager.:.`y (Page XVIII). The attached amendment to th= standing Uperntive Agreement between the elty and Redevelopment Agency will simply provide a vehicle through which this transfer of funds may take place, and through which the debt of tite Agency for both principle and interest acr_t uing may be documented. 11. Talbert -Beach Redeyelopm,2rit Pro e(A Area: There remains two small privately owned pa►`eels within the Talbert -heath Redevelopment Project Area Marner parcel and Aranda parnol, map attachecJ. Agency staff reasonably believes that these parcels may be acquited on a willing Seller basis at this time. To assare that these parcels do not impede built, out of th,a project area in ;he manner which was envisioned in the redevelolNnient plan (and subsequently a'opted zoning ordinances), it is recommended that the city loar. the Agency sufficient funds to acquire these parcels at this time. The acquisition o► these parcels, payment of relocation benefits to the current occupants, and administration costs ara,r"Almated at approximately $3000000. ThF;se. parcels will be resold as soon os practioa -for incorporation In surrounding residential dovelopmen►. The Ageixt still teas available $209,589 of the originai $310,000 loaned to the Agency to facilitate the early construction start of Emerald Cove. These funds will no longer he required for this purpose. Therefore, the acquisitions above require n new loan from the city of $90,411. The attached Amendment No. 1 to Operative Agreement No. I for the implementation of the Talbert -Beach "edevt:C;.:::ar: Fitojert Area will pro�Ide the mechanism through which this additional debt of the Agency (including principle and interest) can be documented. C. Oakview Redevelopment Project Area: Agency staff reasonably believes that two parcels Me Robertson and Wal%er parcels, map attached) vrithin the Uakvievy Project Are: are available on a willing -seller basis at this time. To further implement the ebjectiues of parcel consolidation cf the Redevelopment t Ian it is rreoiir.:ended that ti:e City loan to ti:e Redevelopment Agency Sufficient funds to acquir,? these sites, pay the necessary relocation benefits to the current occupants, aid pay administrative costs of this process. It Is expected that the Robertson parcel and the commercially coned portion of tiie Walker parcel will be gold, to be incorporated in a commercial/office project, to ocew- on the corner of Cypress and Beach Boulevard. It isanticipated thM a loan of $510,000 will be sufficient to accomplish this acquisition. , ■ , I X f 1 1I r I r�rf...•.......�...a,.�..N �,,... ) ..., ..:a•i.a.w..!-,f:...,"-,"l .'.,., ,. a ,. ...n•...i�.. ,✓?r'�i :...r. ''ice:.. •�:,F t 1 August 151 1985 Page Three f The Agency will t'etnin the r-sidantially zoned portion of the Walker percel which ` has a current appealsed value of approximately $117,000 rind will collect rent cn the house estimated at $3004700 a month. Attached Amendment No. 1 to Operative Agreement No. 3 for the implementation of the Oakview Redevelopment Prefect Area will provide the legal mechanism ' through which the Agency debt. (pr ieciplr, rind intereal) is documented. Staff has contintice to work with Mr. Zisakis in an effort to structure a development concept and financial plan that would Induce M.. Zisakis to acconipiish his 1; objectives to develop his current land holdings and also forward the Iedevelopment �' , ►;' Agency's a.)jcctives for lot eonsclidation within the Project Area. Approval cf Mr. Zisakla' request for an extension to Use Perini! No. 04-34 and Conditionai Exception No. 84-25 will fnellitate the accomplishment of these objectives (Mr. Zisakis' regt,es: of September 9 is Included ss Attachment No. 8), FUNDING SOURCE:�; n t Unappropriated fund balance of general fund totaling $1$825,411. f' ALTERNA.17ES:771 Do.not approve the attach`d Amendments to the Operative Agreements between the .. city and the Redevelopment :agency approving furtitcr advannes of unencumbered \} `, balance. This will Pre-empt nequisltion of the parcels as dcscribed above. ATTACHMENTS: �,�� f} i j yi 1. Amendment No. 1 to Operative No. 2. t,•+.: 2. :amendment No. 1 to npe,ative No. 1. 3. Amendment N . 1 to Operative No. 3. t� d. Mushroom Farm Site Map. t� 5. Warnt-r/Aranda site map. 't �;: • ! 6. Robertson/Walker site map. I 7. 1:IS.>~r; V � 1 .. :. I 0. Letter dated Sep- emv-ber 9, 1985 fm Phil Zisakis. fir' , Xl �►. i CWTi SYK:sarw+p' 1241h AA �, , l !�r d���t-" 1 .•. ,-,A� .3 rr�ItA•k ^f i ^t +',Y1f (+'1/ I�I� "I :iA, fr I P�F1a r ` :i' •!i ,y f ' � ,ail i }fib )Y r Ysl,�r. ,•'! / r 'Ir Mr:'.:,' `4(, '. .TiJ11Rf.•s.-�..nw.w.w...ra1�..nrl.:7'tr•lihi{i�fr•��7.7T•Zn6t;'f�•r'.�'M.7R7�•"rV.."h,,,)YT..��•'VM�Ra^n�1..fr.t.xw.... w....w�.....�,. "� y �, f r�, ,tip i ` /,.• 1 •' t jr' - .... �: r %.' it' - [: , r `pp nr1r�r I .'.,• -� .. }f' a/ ti �1r•4y'r �f G�rr'pp . I , • 'I yet (,.` ,I r 1 .. ( .. , •. �'h � '1 � fyj ��(�a�''�,'/ ',• it 1.` / { 'I} 'I '•,� / � !' �� �M�`^•�, • 1" .f ! 0; REQUEST FOR CITY COUNCIL ACTION � (' :.`` � l Jtin 15 i n ni if " 1',m %w Submitted to: Honorable Mayor and City Council Membera j Submitted by: Charles 1-1. Thompson, C"Ay AdinJ ristra, Preparod by: office of Buniness & Industrial Enter Subject: CITY COUNCIL 1117D REDEVELOPMENT AGENCY ODP T AGREEMENT AND OPERATIVE AGHEEMPNTS -12s Statement of Issue, riecommendatior, Analysis, Funding Source, Altemptha* Actions, Atiachrrents: STATEMRNT OF ISSUE: In ordrjr to effecti-it ly implement the redevelopment program, the City must orovide the Ridevelcoment.Agency with the necessary resources to carry out certain tasks in order to initiate this important effort. With the successful implementation of redevelopment projects, the Agency will reimburse, the City for these advances and expenses incurred by the city in carrying out -redevelopment activities, from future tax increment dollars which will be generated. The attached doL:uP.ents re - fleet the overall cooperation agreement between the City and Agency as well as the operative agreements which more specifioally reflect L: P the commitments being: made in regard to each the three active re- development target: areas, uhich are Talbort-Beacli, Oakview and Main - Pier. RECOMME1DATION: Approve Ciy Council Resolut Ciou 5281, Redevelopment Agency Resolution ,' 76, adopting Cooperation Agreement and Operative Agreements 1, 2 and 3. ANALYSIS : The attached Cooperation Agreement reflects the overall activities which, when undertaken by the City, will constitute an indebtedness for the Agency for which the City will ultimately be reimbursed. In addition, it reflects specific c -ommittitents which the City is making to exredite the redevelopment effort and support redevelopment through the conveyance of land and other 3-elated activities. The specific reimbursable activities include nervices provided by the 0 City Administrator and other adstinistrative and technica) staff in carrying out Redevelopment Agency activities, compensation to Itedevelop- mant Agency members as a result of the activities, aad direct costs involved with the pro%rijion of services, acquisition of property, or the construe-tion of i.niprovements in support of Redevelopment Agency efforts. The Cooperation Agreement provides that specific commitments to be made b-r the City in support of Redevelopment Agency activities will be net firth from time -to -time in Operative Agreements for the specific project areas. iGclud2d as AttaciLments "A", nB", and "C" to the Cooperation Agreement are the Operative Agreements for Talbert -Beach, oakview and Plo 4/81 "M rqu -L i A r. fill I 1 { ali Main -Pier PrajecL Areas. FUNDING SOURCE., Housing and Community Development Block Grant funds, proceeds from sale of certain properties, and future tax incroment dollars. ALTERNATIVES: 1 Amend Cooperation and Operative Agreements as deemed appropriat,:. 2. Advance dollars directly to the Redevelopment Agency to cover P, cos,-.s involved rather than the Agency, in essence, contracting for City servicen as provided for in the Cooperation Agreement and Operative Agreements. ATTAC11MENTS: 1. City Counc.L1 Resolution Ro. 5281. a! 2. .1.1 2. Redevelopment Agency Resolution No. in. ,'A L': 3. OVerative Agreement No. 1. (Talbert --Beach) 4. Cperative A, ' ;,cement- No. 2 (Main -Pier) 5. opera: .'Lve is%jeeement No. 3 (Oal.view) CTIT i TT: I p 1-� �1PiisM)I`3'"MT NO. 11 TO OPE.HATIVE. 11GItMI!:NT 110. 3 DDT` 1171',14 T1111, CITY OF HUNT:116TON MACH Atli) THE I1UNTING'lYM 131EAC11 IZEDEVEMOI'I'IENT AGENCY FOR Tishl II.3hLE.MENTATION OF ThE OAKVII.%J PROJECT ATZEA Operativv F.Rte-�monL No. I hot::i,xm the City or.. 11(tnti.n(J.'Con Beach and the liunt:ingLon Beach Rucl(:vc•lo,mei"L Agency for the ir,jilp-meat at:ion of the Oakview pro;JC('t: arr--o is hereby amended as Eo 1 Scicti on 7 i 8 amentled L(:i rea(:I as Iul lows : In addition to thn- ahrive :,gated assi(;'-a1wC provided by the City Lo the Agency, the Agency'. debt Is as follow,: I)-e'; ious it :lance $1 3,661,055 Incr.casa --,;U,-45,5-_ Idew I3a1anco 4 3,700,520 Such new balances of Three Million, Seven hundred Eighty -Eight: Thousand, I ve Itindred Twenty Doll.a_s vepresviitr; pt . cipal and ac .•rued interest through June 30, 1992. Th,osr sums sh311 be a debt of the Agency t:o th►. .ty and berr simple interest at the rat.t; of eight portent por annun. ' APPROVED by Lhe City C wnc.i l of the City of Huntington I Peach and the Redevelopment Agency at: a regular melting thereof 1 held on the 11L (3ay of Septe it ?r 1992. ,) ila} u C./CN J rpe rson ATT�''r : mot) APPROVED AS TO FO"M : { ; City Clei-k/Agency Clerk ty-A.ttorney'Agency l aw)%t R"VIEIern t ND l Pprti"vn • 7N vl, 1 170 PPROVED 4 �/ J ---t_ , y� City 1Aini.st v atcr/ Ij -puty N •Administr o Chief Execi!tive Officer Administrative Servi6es-Y •,'� { Department + I r rat; ar to �:. .. ; .•.. l: . rr1 I ' r ♦t 1, , I f r{ , a uA 'Y 1 r % AMENDMEM' NO. 10 TO OPERATIV- AGREEMENT 110, 3 BET14EEN THE ary 01' HUNUNGTON BEACH' ANO THE 111INTINGION OFACH REDEVELOPMENT AGENCY FOR THE MPLEMENTATION OF THE nAlAIIEvi PROJECT AREA Operative Agreement No. J between fhe City of Huntington Beach and the Huntington Ueach Redevelopment Agency foi- the impirmentation of the oakview project area i�' liercby wended as follows. Section 7 Ic amended to read as follotts: In adaition to the ithove states: assistance provided by the City to the Agency, the Aqvncy's debt is ,.s follows: Previour Balance $ 3,370,450 Increase Zv- M19 New Balance $ 3,661,055 Sech new balance of Three M1 I Hon, Six Hundred Sixty . One 'Thousand, Fifty -Five Dollars ($3,661,05S) represents principal and accrued interest thr(;ljrh June 1, 1991. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of eight perrent per atinum with the exception of any advances of Federal funds which bear no interest. Such advances of Federal f un (is herein are pi osently FiFteen-Thousand, Six -Hundred Thirty -Fight ($15t638). ! APPROVED by the City Cooncil of the City of Huntington aeach and the TV Redevclopmant Agency at a regular meeting thereof hold on this d c.y J1. Y of 19( Mayor/ ai Jers A . T" APPROVED AS TO FORM: -I-1"y C:crk;'Aqen-.-- Clerk REV17WED AND APPROW 11"Ci ty Administritor/ Ch!ef Executive Officpr WPADSERP:70 Vff CijytyrTplAge'ncy Counsel INITIATtAND ,Affn EW Deputy City Admt i s tra tor " Administrative Wvices Depv..'tM"Leant I Jh_ I Ir I ! I M I I rr, 4 1 f , , � 1 � r % AMENDMENT NO. 9 TO OPERATIVE AGRE:EHEN: NO. 3 BETWEEN THE CITY OF 1-111WI1NGTON BEACH AND THE FtUNTiNGIO.'� UEACtI REDI:vLE.OPnEGNi AGENCY ;=nit THE IMPLEMENTATION OF THE OAKVIEW PROJECT AREA OperatIve Agreement No. 3 between the City of tti,ntIVEton Bea,:h and the Huntingtoti E Mach Redevelopment Agency for the itnplctrWntation of the 01kview project area is hereby :upended as follows: SecAlon 7 is atnendod to read as ,SU T1C?N--7 - In addition to tLe above stated assistance provided by the City to the Agency, the Agency's dobt is ns follows: Previous 1311nt:ce $ 5,711,83E Previous Amounts Owed to Huntington Beach Public Financing Authoring Previous Balance Owed to City 2,737,591 Inerea;e __62-9.f11�12 New Ba�ance 3,370,450 Such new balance of Three Million, Three-1•lundred Seventy -Thousand, Four -Hundred Fifty Dollarr ($3,370,450) represents principal and accrued Interest through June 30, 13110. The.,e stuns shall be a Debt of the Agency to toe City ann Dear simple interest at the 6, rate of ten percent per annutn with thi, exception of any advances of Federal funds vAilch bes.- no interest. Such advances of Federal funds herein are presently Fifteen -Thousand, Six-1 :undred Thirty-Ei!;ht ($15,638). f APPROVED by the City Council of the City of Huntington Beach and the - •1 � i<edeveloptncnt Agency at :, regular n►eet:ng thereof tield on thr_ -I/_iti day of SF:pt 1990. l h ,l N47yor/Chairperson �t ATTEST: f ,:ity Cler);/Agency Clerk I j REV1E;:: D AND APPROVED: , , ty Adrnttttstt'ato r Chi!)f Executive Officer Iry I • V T 1 i t,� a 1 V ,( APPROVE D AS TO FORM: City Attorney/Agency Counsel INITI r-D AND A;F'I' QVED. DEpi,ty City Administrator Adminis,rstive t ervices Depart ent It ;d l • r r, )1q, Y 1. i, AMENDMENT Ito. 8 '1'O OPEFc/tt'11iC AGREEMENT NO. 3 BETWEEN THE CITY OF' 11D'OTINGTON BEACH AND '1'IIE REDEVELOPMENT AGENCY ir'011! THE IMPLEMENTATION OF THE OAKVIEW REDEVELOPMENT PROJECT AREA Operative Agreement No. 3 between the 'City of Huntington 3each and the Huntington Beach Redevelopment Agency for the: implementation of the Oa}cvi.ew Project Area is hereby amended as to Section 7 only which shall read a:3 follows: Sf'CUM tL7 • In addition ::o the above styled assistance provide,3 by the City to the Agency, the City ,hall increase its loan to the Agency as totlows: Pr2viou:s balance: $4 , 418 , 629 . 00 Increase: 1`�;; , ?T_7, 2Q Ne;, Balance $9,2_ ,836.00 So:ch new balance of Five Million, Two Hundred Eleven Thousand, Eight Hundred, 'thirty -Six Dollars ($5,211,836.00) represents principal and accrued interest through October 30, 1988. These suns shall be a debt of the Agency to the City and bear simple Interest at the rate of ten peicen' (10%) per annum on any unpaid balance with the exception of any advances of Ftuderal funds which hear no interest. Such advances of Federal funds herein are presently $15,638.00 APPROVED by the City Council of the City of Ilun� inaton Beach and the Redevelopment Agency at a regular meet;.i; thereof held on the day of eh� 1989. Mayor/Chairperson ATTEST: ' City Clerk/Agency Cler REV LOT AND APPROVED: City Administrator/ Chief Executive Officer CC••r �P+ � , r� 7 � 1 4 r Y,11, Y 'i - Y } X • r , J , APPROVED AS TO FORM: Citir AtCrs-�e /Agency Counsel �• Z� 4 I ,ED A D APROVED : Deputy City dmi nisi to !� Administrative Serv(' epartment ; :`•°r,�. V. 4 ; J ' P r ' •irC.rr• .e ,. AMENDMENT NO. 7 TO OPERATIVE AGREEMFN1 NO. BETWEEN THE CITY OF HUNTINGTON BEAC4 AND THE HUNTINGTON BEACH AUDEVI'LOPMENT AGENCY FOR THE IMPLEMENTATION OF T11E 0AEVIEW REDEVELOPMENT PA-%OJEC'.1' ARFA Operntive Agreemant No. 3 between th City of Huntington Beach and Hie Huntington Beach Jiedo,.elopment Agency for the implementation of the Oakview project area is horehy amenc?ad as to Section 7 only which shall read as follows: In addition to the above st 4e;d assistance provided by - the City to the Agency, the City :;'.tall reduce its loan to the Agency as Follows: Previous balance: $7,2n4,757.00 Less !'0'2. a6E-12.0„QQ New balance $4,418,6.79.O0 Such new balance of Four Million, Four Hundred Eighteen Th.ousand, Six Hundred 'haenty-Nine Dollars ($4,4I8,67.9.00) represents principal. and accrued interest through Ontober 30, 1988. These spurns shall be a debt of the Agency to the City and bear simple interest: at the rate of ten percent (10%) per annum on any unpaid balance viith the exception of i any advances of Federal funds which bear no interest. sucta advances of. Federal funds herein are presently $15,63e.00. 4 • �M ,YP ' Y' fill 1 a' I i _.1 �I �l! y ��rylyl {�Iki I IN qrj" • rl1 APPROVED by thO City CJunC11 of the City Cf 11un;:indton Beach and the Redevelopment Agancy at a regular meeting '.:hereof• hold on the ^ dad- of Hiirch, 1909. ATTEST: City Clerk/Agency Clc _.c w REVIEMED AND APPROVED: City Administrator F%I.' Chief Executive Officer Mayor/Chairper sore APPROVED :%S TO Cp IMI: �1 e r- City Attorney/Agesa' 2-2.3 _J4r --2- INI'rIA ED ANM APPROVED: Deputy C it3 .Twminlfft�rator/ Adn, �nistrat.iV S( vices I r. • AMENDMENT NO. li TO OPPRATIVI•. AGREE E..NT N0,2 13CT1VEEN 'I'llE CITY OF HUNTINGTON DFAC11 AND riu, IIUNTINGTON BEACH III?I)EVELOPMENT AGENCY FOR TITS IIIIPLI.MFNTATION 01' THE OAI(VIT:IV 11r1l)EVI:I-1011 ENT P11).)ECT Ali FA Op;rntive Ag;revinent No. 3 beiween the City of Huntington Beach and thr' Ilunting;ton Bench Redevelopment-1�rvricy for the hnplemertntion of the Oelwiew project amen 1, Itevehy 11111er,ded ns follows: I' Section 7 is timended to rend vs follows: SECTION 7 In nddif.,on to the above stated nssistence provided by ter: City to thi Arreney, the City shOl increase its loan to the Ageney by the ,um of three million, seven hundred ,sixty four thousnnd, seventy three aoltnrs ($3,764,073) which shall bring the toi nl wum to seven million, two hundred eighty tour thousand, seven hundred fifty s(:ven dollars ($7,284,757) representing; prinelpnI find accrued interest through June 30, 1'198. These sums shall be a debt of the Agency to the City nod hear simple !ncerest at the rate of ten percent (10`;;) per nnnunj on f.ny unpaid hrilance with the exception of any [tdvunces of Federal funds which bear no i :eresst. APPROVR1) by the City Council of t1w City of Huntington Beach and the Redevelopment Agency nt a r-2g ulnr meeting; thereof held on the Ork, day of me. ATTEST: City Clerk. Agrency ClIerk REWEIVED A14D APPROVED: City Administrator 11 Chief Executive Officer 3901 j/P[r. 2 9 N4 7 r, r hl yor/CI tt•person APPROVED AS 'I'O Fnnn , 4,-, � f t , a - C►ty Attorney/Ageney Counsel I TIATED AND APPROVED: De uty City Administrator Dep Director Redevelopment. ,14,♦ {e, 41. t �M�tiP r t �Y• r tier, i lv AMEtWMEIJT 00. 5 TO OPERATIVE AGREEMENT 140. 3 BETWEEN THE CITY OF HUNTINGTON REACH ANI) THE; IIUNTINGTO14 BEACH REUEVELOPHENT AGENCY FOR THE. IMPLEME:11TATIUN OF THF, OAK`JIEW EDEVE!.OPKtE•'PT PROJECT AREA Operative Agreement No. 3 between the City ci IEuntington Beach and the Hunt�ngtun I3r_,Wll Redevelo•,ment Agency for the implementat_lon of the Oakview project area is hereby amended a�, follow::: Section 7 is amended c.o re, --id ac; follows: SECTION 7 In adcittiun to the above ;fated assi.stat;ce provided by the City to the l.gency, the City shall increase its loan to thc? Aq,,nvy by the sum of onc_ million, eight hundred twenty F:'.x thousand %line hundred {eventy six dollars ($1,826 ,97G) which shall bring the trtUl loan to three million five huvdred thirty eight_ thousand ,i;; Luiicred eiulity five dollars (0,5316,M) which ,hall represent principal, and accrued interest through June 30, 1987. TneSe sum= shall be a debt of the Agency to the City and bear Simple interest at the vtitcp, of ten percent (10%) per anrum on z:ny unpa3.d balance wita1 the exception of any advances of Federal fund:- -hich bear no interest. APPROVED by the City Council. of the City of Huntington Bea(Ai and the Redevelopment Agency at a regular meeting thereof held on the-r77/rday of CIO 1907. //Qe7o,,� /5 ATTEST: APPROVED AS TO FOR14: City Clerk/Agency Clerk REVIEWED AND APPROVED: City Administrator Chief Executive officer 2430E ps r rY", �4. r tlr �• , ' rr City Attorney; Agency CounselR�-%e..,d' INITIATED A17D APPROVED: flAr D t .ity Administrator Deput• Director Redevelopment AMENDMENT •i70. 4 TO OPERATIVE AGRCEME;N`i NO. 3 DT,TWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY ENTERED INTO THE 20th DAY OF JUNE, 1903, FOR THE IMPLE14ENTATION OF THE OAICVIC;l RI;DEULOPMENT PROJECT AREA OperatiV` Agreement No. 3 between the City of: Huntington IZervch and the iiuntington Beach Redevelopment hgency for they implementation for the nakvlev? project area i_; hf:_eby amended as follows: Section 7 amended to read as follows: � jSECTION 7 Tn addiLiin to h.1ie above -stated assistanc.' provided by the City to the Agency, the City shall increase its loan to the I A -ncy by th(- suti of one hundred six thousand three hundred j forty-eight. dollars (I'106, 34E) which shall bring the total loan to one million three hun:lred twelve thousand eight iiundr' id twenty-one �dollars ( 1,312,Fi:1) which shall. represent principle and .accrued � 41. interest through June 30, 198G. On Jul. 1, 1036 the city advance , shall increase by "398,92P to a total of *1,7.11,749. This represents L•he Project :,re3'sa 1966/87 budget. These gums shall be F• i a debt of the Agency to the C Ltv and bear simple interest at the rate of ten percent (10%) per annum on any unpaid balance. APPROVED by the City Council of the City of Ituntington ©each and the ;1cdeve'iopmeier. Agency at a regular meeting thereof held on the A'*A day of L'W' _, ' 906. I Y✓r� Y � 1 � Dow-oM.�..- . , . S , 14ayor C ia- xpoiso ATTEST: APPROVED AS TO 'ORM: ' CI��W //' / `•G//i.v��LI(�5�• ��•1�/•�,.l.Jll-[�•l,� � ��Y "� � ��} v • . 1`,11 i City C erk, Agency Clerk city Attornc jAgenc REVIEWED AND APPROVED: INITIATED AND APPROVED: r' City A-m n stra or'1.ti Dep y C ty A m�,n strator.,ti;. Chief Executivz Officer De u y Dii ector Redevelopment yr' ',•�050811 ��. •� "w 444!!!Fii Y,• x .,: v. t - ���^ s � CST , �1' Y•Y..p.-•. ->;- Z. 1 r A. MIE:NDMENT NO. 3 TO OPLRATIVE AGRE:EMER'.'.' NO. 3 BETWEEN THE CITY OF HUNTINGTON ©EA:.II AND THE 11UNTINOTON BEACH REDEVELOPMENT AGENCY ENTERED INTO THE 20th DAY OF JUNE, 1983, FOR TBE IMPLIIMENT'1TION OF THE OAKVIFA' REDEVELOPMENT PROJECT AREA OperatJve Agr,e:'men; No. 3 between the City of Huntington Deach and the Huntington Beach Redevelopment Agency for the implementation for the Onkvie,i pro jr-ct area is hereby amended a , Section 7 is amended t:o read a::, follows: SECTION 7 In adeiition t-L the above -stated anoistance p�uvided by the City to the Agency, the City shall inr,rease :.t.; loan to the Agency, by the sum of six hundred twenty-four housand three hundre-d fifty-four dollars ($624, 3 54) which shall bring the total 'oar, to one million two hundred and six thousand four hundred seventy-three dollars ($1,206,473) wh;.h shall represent principle and deferred interest through June 30, 1986, and which sum shall be a debt of tha Agency to the Ci':y and bear simple interest at the rate of ten percent (10q) pe'-z annum on any unpaid balance. APPROVED by the City Council of the City of Iittntingten Beach and the Redevelopment Agency at a regular meeting thereof held on the � day of Ivlak1986. ATTEST: AL{C M. lWCNTWORMITY CLERK City C cork Agen Cle REVIE;nTED AND APPROVED: )Rt."t r. Mayor Cl�airpersa APP110VED AS TO FORM: _/4—City Attorney Age Counsel NITIATEr) AND APPROVED: City Adm n s •rator ep y Cxty Aclmin str2tor Chief Executive Officer De u y Director Redevelopment r , 0508I1 ggf 'H, �' ' 4 i�Vrla ,r; r r •'• I +!rVol' � �,It + •�.M�V'r�'+IR. ..rC!+. 'r .ter r n. . - rn .-- i .t, ... rr: .. } t— , ' .. r r y� i r") M-11M MENT NO. I TO ("VE 7ATIVE AGREEMEI'T NO. 3 BETWEEN THE CITY CF VL'. INGTON PEACH AND THE. 11UNTIMTON PEACH I;EMVE' . -NEUT AGENCY ENTEIZED INTO TILE 20th 7AY CF JUNE, 1983, FOR T11E IMPLEMENTATION O THE 0AE':VIM-1 IIL:i)LVEL0rME'N'1' !'I CV1_C'1' AREA Op,rative Agreement: r1o. 3 between the City nf Iluntington I?c�ach e,nri the llu::tingtoll I:each ,^.cdcvc-1 oFmcnt l.cency for the implementation for the Oahview 1--oject area is lip-r.eby _mended 1:a follows: 1. ;;(;c_rtiori 7 of the abo ::efer.enced Agreement is chanocd to Section E. All. :.thor, harts of t1iin Section rcm in the same. 2- f1 new Secti�:. 7 is :,clded '•o +:hca Agreement an follows: SUCTION 7 In addition to the above -stated ast-ir:tasice provided by the City to the Agency, the City shall mal;e a loan to the Agency in the sum of five hunered ten thousand dollars %1(;510,000), which Fhall he a del -it of the .Agency to the City and bear simple ir?terec3t at the rate of ten percr:nt (109,) per annur on any unpaid balance. APPROVED by the Ci l:y Council of tiie City of Hunt i ngton Beach and the Redevelop.-rnt Agency at a regular meeting thereof hold on the `-/�� clay of y-' — -• 1`'Sr• +' ATTEST: ' LI r. REVIEWED ,ND APPROVED: } City m nie •ra ar Chief Executive Officer yrd, 1 a.�l 0762L ,1 F` �h- 7 1 ) p M .'. .e.: -9t�YI q , p � Y • yp}Ir r i r. ftayoi�C}�airperoon- i APPIZOVE:D AS TO E^_I'M: �. . o f/ yency-C.ou`na`e1 INIZ1IAiE ND APPROVED: ;4-Admi.nistrayo-r- De )uty Direct --or Redevelopment .1i YV ; r t�4. -i I I a ,y . ..0 '") ` r--l� r+rlMMENT NO. -1 TO OPERATIVE AGREDII NT NO. 3 UETQ EEN T!1E CITY OF IIUNTINGTON IIEACh AND TEE HUNTINGTON BEACH REDLVELOPMENT AGENCY I.NTEnED INTO THE 20th DAY OF JUNE, 1903, FOR THE' IMPLEMENTATION OF THE OAKVIGq REDEVELOPMENT PROJE:.T AREA Operative Agreement No. 3 hetween the City of Huntington Beacn and the Huntington peach Redevelopment Agency for, the implen.-ntation for the Oakview project- area is hereby amended as f,)llows: Section 7 is amended to rs:ad as foll.ovs: SECTION In addition to the above -stated assist-nce proviet-1 by the City to the Agency, the City shall increase its loan to tae Agency by the sum of seventy-twc, thousand one hundred nineteen dollars ($72,119) which s'iull bring the total loan to five hur.clr;-�d eighty-two thousand one hundred nineteen dollars (r582,119) which shall. represent principle and deferred interest tarough August 31, 1995, and which sum shill be a dent of the Agency to the City and hear simple interest at the rate of ten percent (1W per arinuni on an;• unpaid balance. APPROVED by the City Council of the ity pf Huntington Beach and the Redevelopment Agency at aq 1lar meeting thereof held on ':he _ o��.tc. day of _ ( Ma}' or%Chairpers n hTTEST: APPROVED AS TO FORM: ' City Clerk Agency Clerk CiE,y Atto►•ney/Agency Counsey ` �i1t REVNO APPROVED: INITIATED AND APPROVED: t� .l% Aram i his rator Chief executive Officer 1I1 0415}i 1 1 •+ J `i 1 1 1 1 +f e ° , +' ,•fit , ti r C t:y Adm n strator Director Redevelopment 11 1 „ lr C ray , •, S :. ' , 7 j �w0 f. 9 'I �f tI• . 1 Y M 11 tt'. i • �P A •i , :. - •-.� .,ate", � �i � - _ r v - • � f - � , - � - t• �. _ a f r ` >i ,•r W r� K � Fyn LY;;'7t r 1.� ."r Q .♦ _ .. 14 ..� • y �J__f *yT � .`! �•'_. t yr�a ,l� Y■.� �yyl��N.,ga•'.t.yf�It` vv -r4. rr > '♦.* � - •3 .� ♦ �l- �' ar r� � /�+,/, f ti!�d�1 i1M'%1� "4�[' "!^��. hY � .'t - •.. _ � - •• 1- .� f{- ��:. �, �-T .a - . > fir.• F - f L 40t' A,l J A L�•'K r r kk, ATTACIIt•1UT "C•„ 1 OPERATIVE AGREEldI:NT „u. AN AGREEMENT BETWEEN THE CITY OF iIUNTINGTON DE'WIf AND THE HUNTIAGTON BEACII REDEVELOPMENT AGENCY TO IMPLEMENT THE 0ANVIEW REDEVELOPMEW PI,AN THTS AGRCI:MP14T is ent.er.ecl Into this day of 1983, by and between the CITY OU IIUNTT•NdjI , N LEACH, a muniu!T pal co:.po: atlun (herein "City") and the HUNTINGTON BEACI1 RI:I)EVrTjOrjM::N'_" AGENCY, a public entity authorized to transact business pursuant to the proviAons of Section 33000 et, seq•• of thc2 California Health and Safety Coda (herein „Agency„) . III T Id E S S L T Ii WHEREAS : pursuant to the attached Cooperative Agreement betwaun the City and Agency dated ���j ro ? the City agrees i;o provide to the Agency certain assistance and to othei%4iEe cooperate wl.th the Agency in carrying out the '_TRP nim ntat ion of the redevelopment p:lana ; and WHEREAS, said assistance will include the City providing the Agencv with both admiristraf-.ivc anti/ur technical services, constructing required public improvements ar.d facilities as appropriate and necessary and pro- viding funds to c:crry out +•hest: ar,c? cthcr Agency aativitier; and WHEREAS, said services, improvements, facilities acid funds will be specified in Operative Agreements which oiill also identify the terms under which the City will be reimbursed for the associated costs. NOW, THERE -LORE, +:he City of Huntington Beach agrees to provid-- the iolloving in support of the implementation of the Oakv.iew Redevelopment j Plaan: Section 1: Cit% shall provide the necessary staff support to carry out the planning, engineering and administrative activities re-- quired to implement the Oakview Pedevelopmcnt Plan. I :eat :on 2: City shall carry out the acquisition of parcels neeJed to provide the required public improvements and bring about the necessary paN wi'' parcel consolidation as set forth in the development agreements for the Airy.•• il, r,: y', (, ++,1 ,area and convey said narce.ls to the Redevelopment Agena}► at fair -market JC -.441 r ti ;y.; ;�• /A •fly t �r�• , , I a' 1 , 11 At `• icy 4 4 A R V , �, r N J T' 1 ' • L, •r vall:e . Se--t:ion 3: City shall construct the requireu public imnrolre•- mentL' as !:;et forth in the developm-,nt agrop—merit: f.)r the arra. Section 4: City hC i 1 provide relocat.icn advisory s::rvi-ces and assistance to tenan':s and pro.ierty ovineLs displaced by the rudevel-op- ment activities within the project area. Section 5: City sha11. keep such accounting rcroids as will c:n-- ablc. the City and Aycncy to deterrnino t-he actual costLi incurred •and/ nr wont: ; advanced in association with pursuing the implementation of Onkvler. Rodevc-loprnent Plan. Section 6: City shall be reimbursed for all coats incurred in carrying out this agreement with future Agency revenuer, and the Agency agrees to pay interest to the Cit%, a►.. the rate of ten percent (10%) per artrunl on the unnai d ha.i.ance owed they City on the expenditures made. Section 7: This document has beer, aut•;,orizcd to be executed by action t -ken by the Huntington Deach City Council un -Mubje 2-0 , 1983, by Resolution No. T Bh and by the Huntington Reach Redevelopment Agency on ;-.j � , 1983, by Iesolution No. %/ Section 8: If any Portion or section of this agreement it de- clared to btu unconstitutional or violative of the California Community Redevelopment I_aw or other applicable lair_= of. the State of California, tl�eri only that section or portion shall be stricken as agreeit upon by both parties. Such determination of unconstitutionality or unfeasi- bility she.11 rot affect the remainder of the agreement. IN WITNESS MIEREOF, the Patties hereto have executed thiG document, as of •thn date first above writteri:. itFDt:.VELOPMI:'.�T ekGl;!JCY CITY OF HUNTINGTON BEACH Cha-` rijerson Mayors ATTEST: C- f 1Z' • •7 } City/Aq(--ncy Clerk -z-- .. •• - . ,,. IM,. , Y 1 •. ,tea r �a F7-- TNTIrIAT,'-I'i) AfID APPROVED: f Director, Auslriess r. Inc ustria-L I:nterp rise w k APPROVED AS TO FORM: _ itT.�t.tor.ney, Ac�ercy ^_ounsel APPROVED: ��! �!!� �'r� •� i_ � City Adminis ratL6 0 I RBVIEf•J�D A 4 APPRUVF,!J: 'mot AMP, "tra vim• �er.�LC a APPROVE AS TO FORM: r p--al Acj6,1&1 Counsel i I • �I .n. l• �F�.MIr �' �r -3- X. 7 , r A. = r, f 4 I f _� � � � r � ,~ .. - � • � � � � - � � � .. - TT d ATMiL;taDMrNT NO. 11 TO OPERATIVE AGREUMEMT 110. 1 ' BETWEEN THE, CITY OF IiUNTINGTON BEACH AND TIIE lIU14TINGTON BEACH REDEVELOPMENT AGEUCY FOR THE IMPLMENTATION OF THE TALBERT/BEACII PROJECT AREA Operative Agreement No. 1 between the City of Huntington :fir Beach and the Huntington Beach Redevelopment Agency for the implementation of the Talbert/ne.ach project area is hereby ti Emended as follow,;;s`',' Section 7 is amended to real as follows: ` M-MON7 --- In addition to the above stated assistance provided by the City to the Aclency, the Agency's debt is as 7'Ih:. follows: Previous Balance $ 4,042,003 Decrease (1.3 .3 9 U) 1 •'rr,''� , New Balance $ 2,906,613 w Such new balance of Two million, Nine hundred Six Thousand, t� Six Hundred a. Thirteen Itollars ($2,906,613) represents � principal and accrued interest through 3une 30, 1992. i 'I These sums shall be a debt of the AgF_ncy to the City and ibear simple interest at the rate of eight percent per annum. y. APPROVED by the City Council of the City of Huntington r. Agency Redevelopment Beach and the A ' p. g y at a regular. meeting thereof held on the 21st day of September 1992. Mayo/Ch rperson f ATTE�PY : ",PPROVTD AS TO FORM: { City Clem./Agency Cleric ,At orn�eiyKi.'ge ou►;-el REVIEWED AND APPROVED: IN AR1FD �D 'FROVI~I': City dmiaistrator/ D p ty U •y Admiiiis�raffi r "a:{ Chief Executive Officer Administrative Serv`-cbs Department r{p `!!l, ,' /jO�lNii�If��/i'i? ti�7f Trj •-:..-.., r_r-_. •.. ,.,, '" ��gg �� r ��,\� r�I�!'{��`�� ,f ` It / ,�''��,'� .yr'.,. J...., �` '. . '.. - .. ;L ii'+.'-'�„j�i('��Li O:rArM44X �^� �-•r; �r'a� "� i N 1 t1,Y 6 .. ■ AMENDMENT NO. 10 TO OPERATIVE AGREEMENT 140. 1 BETWEEN THE: ` CYTY OF HUNTINGTON BEACH AND Tilt HUNTINGTON LEACH RECIEVELOP14EIlT AGENCY FOR THE IMPLEMENTATION OF THE TALBERT/BEACH PROJECT AREA 0 ti 1 t N 1 'Ietw the f 1 t' of Hunti n ton ntaarh Znd this ' vela ve r greer•�r_n V. r•en y g L Huntington Beach Redevelopment Agency for the implementation of the �. Talbrrt/Beach project area is hereby amended as follows: Section 7 is amar•ded to read as follows: 5-EU (1L7 - In addition to the above stated assist3nce provided by the City to the Agency, the Agency's debt is as follows: Previous Balai,ce $ 3,906,024 Ircreise 135,978 flow Balance $ 4,042,002 Such crew balance of Four Million, Forty Two Thousand, Two Dollars ($4:042,002) represents principal and accrued interest through June 1, 1991. These sums shall be a debt of the Agency to the City and bear simple Interest at the rate of eight percent per annum with the r:xcention of any advances of Federal funds which bear no interest. Such advances of Federal funds herein are. presently One -Million, Forty -Eight Thousand, Fight Hundred Forty -Five ($1,048,845). r APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meating thereof held on the _.filh- day of _ L�t<er!bLr . 19'91 • Mayor/Chairperson AT' -.ES. APPROVED AS TO FORM: City Ci er1,, Agc:.cy Cierk City At;orne /Agency CP ?rsel RcVIcWEU AND ArP16:170: INITIAftD ;ANr� OV01): C ty Admi ni strator / `Deputy Coml nil 's trator , --1T� -- j Chief Executive Officer Administrative Services DES -rtm2n"t rr i , f r WPADSERP:70 k ' 1 "W��ti� 17i • •I r r •1 r � , 1i'y�LI h' sir l . - jll 71 T {{rtS t. i • I �+ i "�Lr { a�,�, r• .� + + i 4 < < Y LL It a tS ,1"n� i r f: X41 �r ' l''hNr To t y, AMENDMENT NO. n TO OP RA1`111E AGREEMENT 1•10. 1 M1I. BETWEEN THE CITY OF HUNTING T ON BEACH AND THE HUN T INGTON BEACH REDEVELOPMENT AGENCY FOR �--� THE I,MPLEM.ENTATION OF THE TALBERT/BCACII j PROJECT AItEA Operative Agreement No. 1 between the City of liuntingion Beach and the Huntington Beach Redevelopment Agency for the Implementation of the Talbert/ Beach prcjec►, area is hereby amended as follows: Section 7 Is amended to read as follows: 5FX,I,� ION 1 - In addition to the above stated assistance provld,!d by the City to the Agency, the Agency's debt is as follows: Previous Balance $ 4,824,054 Previous Amounts Owed to Huntington Beach Public Financing Authority f aUU_4J Previous Balance Owed to City 3,640,380 Increase New Balance, $ 3,906,024 Such new valance of Three hiiillon, Nine-Flundr•ed Six Thousand, Twenty -Four Dollars ($3,906,024) represents principill and accrued interest through June 30, 1990. 7 air These sums shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent per annum with the exception of any advances of Federal funds which bear no interest. Su: h advances of Federal funds herein are presently One -Million, Forty -Eight Thousand, Eight Hundred Forty -Five ($1,048,645). APPROVED by the City Council of the City of Huntingtor. Deach and the Redevelopment Agency at a regular meeting thereof held on the 1701 day of. Sept. , 1990. I • 1 ( t "v i ATTEST: City Clark/Agency Clerk >Ti7�n REVIEWED AND APPROVED: Chief' Executive Officer �p rf Mayor/Chairperson APPROVED AS TO FORM: Cyty Atturney/Agency Counsel j q S. y �� INIT(ATIrb AND AP 61VE1?; lYputy City Ad inistrator Administrative= Services Departmel rww',rr'AJ•�i''rti'�lni+k•iJ''�R+r'+X.";��e.',ii'+,}q,d��j', r`'ir,!yaC'i',: . t •' f#/ r ', Ak J i 1 I 4, AMENDMENT 110. a TO OPLRA':*,4E AGRE,UMENT NO. 1 I BETWEVIi THE CITY OF I1UNT.6.NGTON BEACH AND THE PEIDEIIELOPMCNT AGENCY FOR THE IMPLI'MENTATIOI? OF THE TALBERT/BEACH REDEVELOPMENT PROJECT AREA Operative Agre;.+ment No. 1 botwe-un the City of Iiunti.ngLon Beach an'J laic hunt ington Reach Redovelopment Agency for the y• i implementation of: the Talbert/Beach Project Area is hereby amanded 0000 as to Section 7 only which shall read as follows: Fa ILO In addition to the above stated assistance provided by the City to the Agency, the City shall increase its loan to the Agency as follows: Previous balance: $4,267,300.00 Increase: ,_. 556, 754, , 00 Nuw Bal6nce $4,824,054.00 Such new balance of Four Million, Light Hundred Twenty-four Thousand, Fifty --four Dollars ($4,824,054.00) represents principal and accrued interest through October 30, 1988. These sums shall be a debt of t1io Agency to the City and bear simple interest at the rate of ten percent (100) per annum on any unpaid balance with the exception of: any advances of Federal funds which bear no interest. Such advances of Federal funds herein are n_resently APPROVED by the City Council of the City of Huntington Beach j and the Redevelopment Agency at a regular meeting thereof held or, the ./3t�i• day of Sr-pTAAIZER , 19fi9. �•�'"�� !Mayor/Chairperson r Al'TCST : 1 , +ur'�ua�, City Clerk/Agency Clerk J,A , * . REVIEWED AND APPROVED: City A ministratori i Chief Executive Officer ,} 'ylr • I� I dAl i' APPROVED AS TO FOR14: City AttorrIpyZAgency Counsel&J-- ? + c _1 INITI !:' AA�PROVED: _ J VIA Deputy Cit A minintra or/ Administrative Servic s- pl�yyepartment ;k.', I' ,SAIL. n�/1 �� • ifs' ��) ', • ;�•� \ 1 ,}+ a�!' , f raw + ••'�-.. .-��'Y�r � f��i ft•.. �\ .fir: r i ' I 1 AI4zNDI,IZNIr NO. 7 TO OPERATIVE AGREEMENT NO. 1 DDT TEEN THE CITY OF HUNTI NGTON BEACH AND THE IIUNTINGTON BEACH REDEVELOPIENT AGENCY FOR TiIE IMPLEI4ENTATION OF THE TALBERT/LINACH REDEVELOPMENT PROJECT AREA Operative Agreement: No. 1 heLveea the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation of '_he Talbert/Beach project area is hereby amended as to Section 7 only which shall read as follows: In addition to the above stated assistance provided by the City to the Agency, the City shall reduce the previous loan balance to the Agency as follows: Previous balance: $5,200,883.00 Less $ 9321. A3.00 New balance $4,267,300.00 Such new balance of Vour Million, Two Hundred Sixty -Seven Thousand, Three Hundred Dollars ($4,267,3b0.00) represents principal and accrued interest through October 30, 1980. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) pez annum on any unpaid balance with the exception of any advances of Federal fund; which bear no interest. Such advances of Federal funds herein are presently $1. 048, 845. 00 _1_ ���'; i+Y •f v�+�riF.l,r. w� 1 i1� . ... { .. .._ �. � _ � � r�'fi� 1''i�1'1`F�' IM„� .. � r�."'�RQ1'r�'/"�`:���r�'�I� r ^,,, . • ��' ,+ = 1 1: I. APPROVED by the City Council of the City of iiu,,tington Boach and the Redevelopment Agency al: a rQyular meeting thereof held on the day of March, 1989. Mayor/Chairperson ATTEST: APPROVED AS TO ZORM: City Clark/Agency Cle ��-City Attorney/Agency Counsel 2_, , _y, " REVIE14ED AND APPROVED: City MministraLor Chief Executive Officer APPROVED : Deputy i t, Ad i° ili-f; ra for / Administr.ativ,! Serviccr. I p, % j s ja� i •. A Y M 1., AMI:VI)MEN'I' NO. C) TO OP1?RATiVI: AG11F.EMENT NO. BETWEEN THE CITY 01' PUN'I'RIGTON BEACH AND 'i'}il nwrINGTON BEACH RI3DI'M31,011NMENT AGENCY FOR 'rim iMPLUIENTATION OF tTHF TA1,11F RT/11EACh REDI'sVI-MOPME.Wi' PROJECT AREA Operative Agreement No. 3 between the City of Huntington Ilelich find the Huntington ilcach Rodevelopment Agency for the implementation of the 'inlbert/Death project area is hereby amended as follows: Section 7 Is anlorided t, mad ns follows: SECTiON 7 In tiddition to the above stated ussistance provided by the City to the Agency, the City shall Increase its loon to the Agency by the sum of three hundred seventy three thousand, four Hundred and twenty nine dollars ($373,429) which shrill i;ring the total sum to five million, two hundred thousand, elglit hundred eighty three dollars ($5,200,883) representing principal and accrued interest through June 30, 1988. 'These suns shnll be u debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) per annum on any unpaid hnlance with the exception of any advances of I'cderal funds which bear nu interest. APPROVED by the City Council of the City of Huntington heath and the Redevelopment Ag^_ncy at a regular meeting; thereof held on the (lay of^c'.�T- ��:. -Z' 19.48. ATTEST: c.;(ty Clerk/Agency Clerk riEVIEIVED ANi? APPROVED: �i C City Adm nistrator .1`�✓ �r `t Chief Executive Office; 3001j/Pd. 5 F � t � w r Ft 1 Al or/Ch rperson APPROVED S TO FORM: City Attorney/Agency C,)unsel ITT'IATED AND APPROVE.i . Jepu Depu 1 Of if y AdmbistrzKoll ector Redevelopment Kal i J I � J� r' Y �1'n'IF '-•� r AMPUDME11T NO. 5 TO OPERATIVE AGI<UMENT Nn. 1 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY FOR THE I MPLEMI:I' TATI C.! OF THE ' TALBERT-DEACII IZEDEVE.GOPMENT PROJECT AREA Operative Agreemeni. No. 1 between the City of Huntington Be, and the lIuntingt:on Be�ich Redevelopment Agency for the implementation of the 'Talbert -Beach project area is hereby ariendeci as follows: r,•• Section 7 is amended to read as follows: r ,•+'„ , SECTION 7 In addition to the above stated assistance provided by the City to the Agency, the City shall decrease its loUn to the agency by the dt sum of five hundred seventy four thousand, two hundred and fifty four dollars ($57.1,259) which shell bring the total loan to five million, five hundred seventy foul thousand, three hundreu and twelve dollars ($5,574,312) which shall represent principal and accrued inter. a ,t through June 30, 1987. The:,e sums shall be a debt: of the Agency to the City and bear simple interest at the rate of ten percent (10t) per annurr, on any unpaid balance with the exreption of any advances of Federul funds which bear no interest. APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the _.Yl' Sr"day of i ATTEST: APPROVED AS TO FORM: City C1erK/Agency Clerk REVIEWED AND APPROVED: Ci y Administrator Chief Executive Officer 2a30L PG Cz Cicy Attorney/Agency Counsel `R� clq vs-87 IYITIATEJ AND APPROVED: il— Dep y City Administrator Dep ty Director Redevelopment • jl �M J 9J •r 1 1 AMENDME1,I7' NO. 4 TO OPE:P,R:'iVl: r\GFZEFMI:N't•- NO. 1 BETWEEN THE CITY OF HUNMIGTON UEACH Atli) TIM I HUNTINGTON BEACH REDEVELOPMENT AGENCY UNTERF:D � INTO T11VI 20t h DAY OC JU;1E, 190 3, FG'P. THF• IMPLF'NENTATIOU OF THE TALBERT-BEACH REDEVELOPMENT PROJECT AREA Operative Agreement No. 1 hetveen the City c,E Huntington reach an(] the Huntington Beach Redevelopment Agency for the Implementation for the TalaerL-Beach project area is hereby amended as follows: Section 7 is amended to read as follows: SECTION 7 In addition to the above -stated a: nistance provided by the City to the Agency, the City shall increase its loan to the Agency by the sure of one hundred twenty --tree thcusand three hundred thirty-one dollars ($123,331) which shall bring the total loan to six million sixty-five thousand seven hundred thirty-six dollars ($6,065,736) which shall reprewant principle and acer•ed inturect: through June 30, 1986. On July 1, 19L'6 the city advance shall increase by $02,836 to a total of t6,148,566. Th1 represents the Project Area's 1986/87 budget. These sums shall be a debt, of the Agency to the City and bear simple interest at the rate of ten percent (10%) per annum on an,. unpa).d balance with the exceptiun of any advances of Federal funds which bear no interesr— APPROVED by th(-j City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the _ %�r'� day of aLA5 u3%T ► 1986. ttayor/Chairpers ATTEST: APPROVED A�TO FORM: City Clerk/Agency Clerk REVIEWED AND APPROVED: ;� ►I ' C L-y A Ministrat6r 4, Chief Executive Orricer 05U611 \r o yr„ '1 I CYty Attor ey/:\gen y Counsels; HITIATED AND APYii-OVED: I DeL1?1ty C ty A ministrator Deputy Director Redevelopment j 1 R r,.r I n I .r • a 1J. L. • r,. •,�' t lA�E''� il, w ".No• w;'t l,r�• 0 11t•1ENDMENT 1,10. 3 1'0 OPEIIATLVL•' AGREEMENT 140. 1 BE"IN EEN i PE CITY OF HUNTING`1'ON LEACH AND THE HUNTINGTON BEACH PEDEVELOFMENT AGENCY ENTERED INTO THE 20th DAY OF JUME, 1983, FOR TIl�: IMPLEMENTATION OF THE' TALBERT-BEACH REDEVELOPMENT PROJECT ARFA Or,jerative Agreement No. i batween the City of Huntington Beach and the Huntington B-inch Redevelopment Agency for the implementat:io►, for the Talbert -Beach project area is hereby amended as follows: Section 7 is amended to read a:, follows: SECTION 7 In addition to the above -stinted assistance providers by the City to the Agency, the City shill increase its loan to the Agency by the sum of one, million six hundred fifty- revers thousand and ninety dollars ($1, 657, 090) which shall raring the total lean to five million nine hundred forty-two thousand four hundred and five dollars ($5,942,405) which shall represent principle and defe:.ied interest through June 30, 1966, and whici; sum shall be a debt of the Agency to the City and bear simple interest at the rate of ten fjercent (10%) per annum on any unijaid balance. APPROVED by the City Cr,iinci.l. of the City of Iiuntincaton Beach and the Redevelopment Agency at a regular meeting thereof held on the �1 day of _0A� 1.986, Mayor/ChairpersUr ATTEST: APPROVED AS TO FORyi.' nLICIA •' y,UtTYXR1jt CITY CLL••RY / City Clurk Age..,ry Clerk— Cit}► Attorney/1g(�ncy Counsel r EVI'r;; EG AND APPROVED: 14117T ATE` AND APPR(YED : C•1-Ll AaministrZor J uty City Administrator Chief Executive Officer Deputy Director Redevelopment 050611 • � r` y . IAr 1 y,• rtl AI`11INfl•Slt'•NT 11O. 2 IM 0111•.RATI Ji, AGREEMENT '1(_). 1 B1,T111 2N Till: CITY OF PUii' 113GION 111;AG11 Alli-! THE 1.liltd'PI'''GTON oZAC11 REDEVELOPMENT iti6EWCY POTERIA) ICITO Till.; 2 0Lh DAY OF 17t1NN, 1903. 17011 1I111r iMPLEMENTATION OF THE '1Al.M,11T-111SACI1 l(EIDEV` LOPMENT PROJECT AREA Operative Agreement No. 1. bet w—:on the City of. fiuntinytorl Beach and the ifuntingt.on Beach lied ev(,,Iopment Ac}L-ncy for: tll implementation for. the Talbo.'t-Berwh project area ;.s hr_•ehy anc:nded as fol lown : Sect: ion 7 in ,a ,lc-ndod to r. earl :1:1 fol low , : Ill addition to the l t (W idlod by the City to the A,encv, the City sh:111 inc;re,!:;e fs loan t:t) "it-, Agency by the sum of four million otio nmidr+.`d r_irlety-tou1: t nk, and nine hundred and four c;olliars ($,1, 194, 904) which S1131 1 h-ln:; t:hc total. loari to four !nillion tw-j l.undlcecl ei(lhty-f.ive three hundred fifteen dollars ($S, 285,3.1.5) which shall rehrns tnt principle and deferred interest throtign August 11, 1981..), rind v;hich sum shall he a debt o!: the Agency to Hw! City Ind heir. "1111.plo interest at, the? ra- .:e of ten pe1'ccrlt (10r,�) per annum or amy unpai:a ha3.,inc�!. APPROVED by the City Council, of the? City /Iof 1luntin-jton f3,?ach and the Redevelopment Agency at ,�,,11rL�1ula: mec_ t intl thereof hole} oil h.}'' day of �.�.1..:19t?;,. I•',�jOL`Ch-:ZrT�r�Qif A7TEST: APPROVED AS `1'O F0111+1: CL ty C].(,rk /A1 to ncy C t��r. k Ci try Attor. ney, A� cnc:y ro;tnsel, (� " R1,,VI1•*WVL),,P+I`D APPROVED: lKiTTIAT17r, !V!B A13D'.OVED: I C? Adlnln+:?L:+1tCr De 1t y Gi tv Admits strator ` > Chief Execut:iv Officer `.Deputy Director Rt:6,-velopmerlt 0.11311 k��T• 14 rr • Y Y w r c�c � A L M % 10prJr UI IS AMENDtiENT NO. 1 TO OPERATIVE AGREEMENT NO. 1 BETWEEN THE. CITY OF ifUNTINGTG'N REACH AND THE 71, HUNTINGTON BEACH REDEVELOPMENT AGENCY ENTERED INTO THE 20th DAY OF JUNE, 1903, FOR THE IMPLEMENTATION OF THE TALBE''RT-BEACH REDEVELOPMENT PROJECT AREA Operative Agreement No. 1 between the City of Huntington CeHch and the Huntington Peach Redevelopment Agency for the implementation for the Talbert -Beach project area is Hereby amended as follows: 1. Section 7 of the above -referenced Agreement is changed to'Section S. All other parts of this Section remain the 2. A new Section 7 is added to the Agreement as followe: In addition to the above -stated asslutance provided by the City to the Agency, the City shall make a loan to the Agency is the sum of ninety -thousand four hundred and eleven dollars W0,411)', which shm,ll be a debt of the Agency, to the City and bear, simple interest at the rate of ten percent (10%) per annum on nny unpaid balance. APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof meld on the .WM _ day of ATTLST: �." r, a�G/11 1,#--7 C ty C aE c Agency Clem REVIEWED ND APPROVED: City Adm. nstr-at or Chief Executive Officer 0760L -7j 9 K r � 4- - -Z I 4011�1 . db ayor a rperson APPROVED AS 20 FORM: y envy Counsel INITIATED AND"APPROVED: n_n l�;•s-L 49ty*-�yra Adm n trator Deputy Director Redevelopment if 0 TALBERT BEAT11 REDEVELOPMEJT� AREA 01 _ _j --.Jmq WNW f4r s Ir r. W r r, ;q a, _ it44 Vol it. • smems W"*]U. smesm lot 0 oil, Af. .)M 10-1 .;P-. Of of .0, lop P-00. �q . :-V. L - M4 ANG —.44 ------ a Of C04) i7%) Li ass. 1,--v I few 0 -Ivebw N 8?n ill 1 I1;7•r,, !��•�_ t•ll} �'ll l.11 n.� (j) w 4w— oll (r 4c eel) A 1rJ11Ac,--,1 I -Role, q is 0 -1 Ali IJ to wool if bb ►off . .......... 41 0 I PSI 6k� '1 �'AY ,p�iMrr+M ,9Ye !, �• J �r fw.(``��1 l Yf •K�I If 4 �� V'I' YI� •� I •',r °1 Il ,•Y ,, i i Y ` IN F • ATTACHMENT "P►" OPEPATIVE AGREEMENT NO. 1 AN AGREEMENT BMTWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY TO IMPLEMENT THE TALBERT-BEACH REDEVELOP- MENT PLAN THIS AGREEMENT is entered into this a?O day of , 1983, by and between the CITY OF HUNTINGTONI BEACH, a nun cipal corpo- ration (herein "City") and the EUNTINGTON BEACH REDEVELOPMENT AGENCY, a public entity authorized to transact business pursuant to the pro- visions of :section 33000 et. seq. of the California health and Safety Code (herein "Agency"). W Y TINES 3 E 11 WHEREAS, pursuant to the attached Cooperative Agreement between s ' the City and Agency dated nbJ& ag0j,I , the City agrees to provide to the Agency certain assistance and to otherwise cooperate with the Agency in carrying out the implementation of the redevelopment plans; and WHEREAS, said assistance will include the City providing the Agency with both acbeinistrative and/v r technical services, constructing required public impro•oements and facilities as appropriate and necessary a and providing funds to carry out these and other Agency activitiesi and � WHEREAS, said services, improvements, facilities and 2unds will be specified in operative Agreements which will also identify the terms under which ::he City will be reimbursed for tha associated costs, NOW, THEREFORE, the City of Huatington Leach agrees to provide the �.' following in support of the implementation of the Talbert -Beach Re- !`, • development Plan: ;;. Section 1: City shall provide the necessary staff support to carry out the planning, ergineEr3 ny and administrative activities re- quired to implement the Talbert -Beach Redevelopment Plan. I'Jy� section 2: City shall carry out the acquisition of parcels needed to establish the street right-of-ways and provide the necessary parcel consolidation as set forth in the development agreements for the area and convey said parcels to the Redevelopment Agency at Fair-itarket value. II Y,r1°fi 4 ISI y 1'Y �I„ I /� •, t��',a + ,{},, if � - 4 ' r. ♦�y l 1 A� . r•G 1 1• 1. i �''�� � � � � • ,' a f " � ,� Mi:'��a I.,i ��.��Ih����1y•y�R' � YTS' I I C+w � �',I l �1 ,�+�1 f 1 i�`�r• � � •w ���' •r P�i^,L.r a��� w+� { j11TTT�tt��� r1''�.'{•� j r,rir ea � r' "`' � is f: 1 � Vi�•,, � r � iF+�`i' ��'' ;r�JA�Y, �. r.7.,#A ',✓y ,r VY�••� 4��i 1f���, 9 • Section 3: City shall construct the required public improve- ments as set forth in the development agreements for the area. Section 4: City shall provide relocation advisory services and assistance to tenants and property ownexe displaced by the redevelop- ment aetivitieu within the project area. Section 5: City shall keep such accounting records as will en- able the City and Agency to determine the actual coats incurred and/ or monies advanced in association with pursuing the implementation of Talbert -Beach Redevelopment Plan. Section 6: City shall be reimbursed for all costs incurred in �. carrying out this agreement with future Agency revenues and the Agency agrees to pay interest to the City at the rate of ten percent (l0l) per annum on the unpaid balance owed the City on the expenditures made. `'' ,, '• Section 7s This document has been authorized to be executed by f action taken by the Huntington Beach City Council on-'uNC�O. 14g3, " 1983,by Resolution No.V261 , and by the Huntington Beach Redevelopment .; Agency on 200 • , 1983, by Resolution No. 7& Section 8: if any portion or section of this agreement is de- :' clared to be uncoistitutional or violative of the California Community Redevelopment Law or other applicable laws of the State of California, ;a then only that section or portion shall be stricken as agreed upon by both parties. Such determination of unconstitutionality or unfeasi- bility shall not affect the remainder of the agreement. F:,;� IN WITNESS WHEREOF, the parties hereto have executed this document as of the date first above written. REDEVELOPMENT AGENCY CITY.' OF HUNTINGTON BEACH By. 13Y a�rpors Mayor ATTEST: C ty Agency Clerk 04w ♦, ,_ J-,i�.-44�"•f f�� i1 t_ r1 •f yJ ;;'1. � t♦ �p;r - Oby i • .' �,(� (: F i J 1 . T 4- � r' 4f - ��Y'. ��� ♦i ! w � Lv; r^kik►�� �r1 .fr• s` � � ti.. k r r , a ' J , ii J (I`Tz � " •it�J. �•. J+ • t, y. r. Y • • •� rM —1 - .•Uf. O.= Jy� •' • Reach amendat �. _ • provifta follows �� . : .,. ` .yak• '' �'Xj�v r��:�y+/�x 1 iI.i iC Suc • usan ww l �1 t•.T ly i�1� _• rese APP Beach a r pr� held on Ji _ r y •r J • tr City C11 REVIEWEI Chief v, 411k( X / •,r., �;,-,� r�f.�.. `q't�1.4-fir p `� JJ . r - 7 •�J. Y 1� ` �t 41 1 - - ;1 �\ •- ,•rt J,��: 'fir I .�1••�Idla�,;.,'g r 1 � � ";yawl �, p�•. .,. u „ Z Igo +,r }•{•,J +, (' ar+},^,°M1 { 1" Y-J, ♦ f1h� a ll y 1 N1b �1 J f I 0 OPERATIVE AQREVEM' NO. 4 )P HUSTINUTOR BRACH MD THU EDMLOPMENT AGMC'y FOR THE iE YORRTOW»i/LAxE PROJkCCT AREA 4 between the City of Huntington ich Redevelopment Agency for the iwn/Lake project area is hereby read as follows: i to the above stated assistance Agency, the Agency's debt is as ice $ 9U"119 344,444 $1,333,563 Million, Threa Hundred Thirty —Three '--Three Dullers ($1,333,563) V? ;rued interest through June 30, 1992. ncit of the City of Huntington Agency at a regular meeting thereof tember , 1992. /V Mayor/Chairperson APPRO ED A8 TO FORM: J G tY Attorney/Agency Counsel Gam.. VIRZI I E PPROVED: rI . Deputy t#Y AdmL.ist at r Administrative Serve Department h, 1'it1TjPC54'Aiih1iH104'�Sl�i"aYeSr ' ,,` .,, x„ I II, r / ��� r/ .Cy, r • o hr Y 4. 1A, .t�li�,�� I, V,,' r•rll. 1F • r i a a A .' I tip,, I, V A .7 011Y"1!*. 0 i L ON' AMENDMENT No. 9 TO OPERATIVE AGREEMENT NO. 4 BETWEEN THE CITY Of HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY FOR THE IMPLEMENTA:TON OF THE YORKTOWN/U,Kk P;%'.IJECT AREA Operative Aqveement No.- 4 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation of the Yorktown/Lake ;roject area is hereby amended as follows: SectiiDi 7 is amended to read as follows: 51CTI 4 7 — In addition to the above stated assistance provided by the City to the Agency, the Agency's debt is as follows: Previous Balance S 899.826 Increase 89.291 New Balance $ 989,119 Such now balance of Nine Hundred Eighty -None Thousand, One Hundred Nineteen Dollars ($989,119) represents principal and accrued interest -through June 1, 199i. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of eight percent per annum with the exception of any advanses of Federal funds which bear no interest. Such advances of Federal funds he,eln are presently zero (0). APPROVED by the City Coiincil of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the _16±b day of 1991. Mayor /Cha i-11persdh ATTEST: APPROVED AS TO FORM: , itv ClerklAgency Clerk to' Cbtty t t 4 y C,2 -11 Irne /KoAgency Cou sal 1 - REVIEXED AND APPArjV',.-D: INITIA A D A E City Administrator/ Deputy My is ator Chief Executive Officer Administrative !*rvices De rtment WPADSERP:70 A 74 �'4 ,'hV,J�i .� ri r A ,1 .�, E 5 �'/ 'J�X,',T F��•`'( M. ^�� friw A1� '�1 ^r `I,�, t .��•�, [ �' I f '� ,�'•� Ity'ny�� ^ v i` J� 7 1 r , h{�Y 3 1+• ��J , t�iN��� ,,�i �'! r i+,..� ♦ ifll Fr IIS, �.�4�•ly�a I 7i',�t�•� f ��� I 1 t' 1 - �a4 t 11�� �'� , � t�iii �' 1 •,i AMENDMENT NO. 8 TO OPERATIVE AGREEMENT NO, a BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE YORKTOWN/LAKE PROJECT AREA Operative Agreement No. 4 between the City of Huntingtun Beach and the Huntington Beach Redevelopment Agency for the implementation of the Yorktown/Lake project area is hereby amended as follows: Section 7 is amended to read as follows: SF T14N_7 — In addition to the above stated assistance provided by the City to the Agency, the Agency's debt is as follows: Previous Balance to City $ 543,521 Increase 3iuu New Balance $ 899,826 Such new balance of Eight Hundred Ninety —Nine Thousand, Eight Hundred Twenty Six dollars ($899,826) represents principal and accrued interest through June 30, 1990. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent per annum with the exception of any advances of Federal funds which bear no interest. Such advances of Federal funds herein hre presently 0. APPROVED by the City Council of the City of Huntingtoo Beach and the Redevelopment Agency at a regular meeting thereof held on the _ 17th day of Sept. , 1990. ATTEST: City Clerk/Agency Clerk 90 REVIEWED AND APPROVED: , aw ty Adm nistrator Chief Executive Officer , 1'r op., 1 I :•�' v, � 1 r 4 ,,I•;�il� I h � �• t. 1 Mayor/Chairperson APPROVED AS TO FIRM: CIyAttorney/Agency Counse! 5- m r--c$ INITIATES AND ARPRUOVED: WCity Ad in(strator inlstrative Services Deatrtmen � I , ', t -_. •1 ira' lit '^tr �A ���.� � f 1 } ,h, :yr {,A K I M 'm R . KAI� 4����r ,'Mf�r' y ,. J. ,'•'r � ...', .* �.. r r ,I+; ,dS r� rlY+e�+x,.,v �°4J^� 1yt�.! +. �', k'r,' 1 tit L 1 I f7T•7"„.� r ! r tF' ' D iD 1 y ,,s I 1 r.y i,; , 1 , 5��1'1'�•'/, ..y L, ' y ^4ih j; I 1 Y Sy'..Jer�l TTTT"",l WAN 1 D AMENDMENT NO. 7 TO OPERATIVE AGREEMENT NO. 3 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE YORKTOWN/LAKE REDEVELOPMENT PROJECT AREA Operative Agreement No, 3 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation of the Yorktown/Lake Project Area is hereby amended as to Section 7 only which shall read as follows: In addition to the above stated assistance provided by the City to the Agency, they City shall increase its loan to the Agency as follows: M Previous balance: $3P8,719.00 Increase: 144.802.00 New Balance $5430521.00 Such new balance of Five Hundred, forty Three Thousand, Five Hundred Twenty -One Dollars ($543,521.00) represents principal and accrued interest through June 30, 1989. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of tan percent (10%) per annum on any unpaid balance with the exception of any advances of Federal funds which bear no interact. Such advances of Federal funds herein are presently $-0-. APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the id M day of StprE'N4F� 1989, '} Mayor/Chairperson I ATTEST: &"4�y City Clerk/Agency Clerk REV 'WED AN APPROVE City Administrator/ Chief Executive Officer APPROVED AS TO FORM: on t Attorney/Agency Couns9, � r 'GG��•i�� i IUD HAND AWROVED : Deputy Ci? Administrpfor Administr tive Servi es D artment f Vj • � 1 f r - r'� � Sr'�51, r � ,f y. ti ' i, .i ��hlr 1. ♦<�, ��• �"� 1 �r 'psi ,��w„,� + ',' • , stir IMr i i + '7R4'Ihl,,9d7��+t n• ,hl ',11 M •Y� ' r - 1 1 1' 1,yNjjN*�t +u ,,, �1 �lY AMENDMENT NO. 6 TO OPERATIVE AaRP,EM T NO:,� BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINOTON BEACH REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE YORKTOWN/LAKE REDEVELOPMENT PROJECT AREA Operative Agreement. No. 3 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation of the Yorlttown/Lake prcject area ;s hereby amended as follows: Section 7 is amended to read as follows: ' SECTION 7 4 In addition to the above stated assistance provided by the City to the Agency, the City shall increase its loan to the Agency by the sum of one hundred fifty five thousand, one nunred thirty five dollars ($155,135) which shall bring the total sum to four hundred and nine thousand, eight hundred fifty seven dollars ($109,857) representing principal and accrued Interest through June 30, 1988. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) per annum on any unpaid balance with the exception of any advances of Federal funds which bear nr) interest. APPROVED by the City Council of the City of Huntington Beach and the N Redevelopment Agency at a regular meeting thereof held on the ,6 L, day of 1988. i t - ATTEST: City erk Agency Clerk I?EVIEWED AND APPROVED: �- 19 or/Ch person APPROVED AS TO FORM: Crt'y Atto�ey/Agency Counse r y Admin stra or Chief Executive Officer Depu 3901j/Pg. 4 . r7 1 t •'Gi* 11 . ft'kE.� ♦ ,r TED AND APPROVED: Redevelopment Ali�l �"•r. ♦ �r� a I .. , I (1 iS"1S ICS •,Jii?" � � �Iq 1 ' ' J� �'yP.ry 1�, _ + ^V V'� ��•�') t�.'L I Y 4 1, �ll t�4 ! V! ! I 1 j 1 Y �1 r•� '% YYY p, .,I � ' •%N i 1 a M �r '1 .-d4_ r �'}($� t >,' .yak I , � ,���',: • , � �¢+�1 ••• Ti19 w1 Y I �! I, � li � 'I, � tik, Y I I >� T}y ''1 !•1 �JI �'I ��! � lyf S ! 1 , �'t' � ;'Nf rir� •k�KKK I- �''! ` �ti,/, 1 M:�, i I �t!/�`• G1 w1 Yy°,. �I �' � t V ;� / 1 � !,, i�,.� AMENDMENT 140. 5 TO OPERATIVR AGREEMENT N0, 4 BETWEEN THE C1TX OF HUNTINGTON BEACH A14D THE HUNTINGTON BEACH REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE YORKTOWN-LAKE REVELOPMENT PROJECT AREA Operative Agreement No. 4 between the City of Huntington Beach And the Huntington Beach Redevelopment Agency for the implementatirn of the Yorktown -Lake project area is hereby amended as follows: Section 7 in amended to read as follows: SECTION 7 In addition to the above stated assistance provided by the City to the Agency, the City shall increa©e its loan to the Agency by the sum of one hundred six thousand, three hundred and %ighty two dollars ($106,382) which shall bring the total svin to two hundred fifty four thousand, seven hundred and twenty two dollars ($254,722) representing principal and accrued interest 'through June 30, 19B7. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) per annum an any unpaid balance with the exception of any advances of Federal funds which bear no interest. APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the aWgyld'ay of CALM .Ai. AL , 1987. May a ATTEST: APPROVED AS TO FORM: city C erk l.gency Clerk REVIEWED .AND APPROVED: L City Administrator Chief Executive Officer ,430L ps CEty Attorney/Agency Agency Counsel-(c`e t I I'-'.'IATED AND APPROVED: Deputy •ty A min str or Deput irector Rede .lopment t 0, , . Nip ,.J'-�Yt. ti 0 h n, n , f•�r, htlil/ y i z< ph r AMENDHou'P O. 3 TO dPERi►'PIVE A4REK HP -NO �.. BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY ENTERED INTO THE 16th DAY OF SEPTEMBERp 19651 FOR THE IMPLEMENTATION OF THE YORKTOWN-LAKE REDEVELOPMENT PROJECT AREA Operative Agreement No. 4 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation for the Yorktown -Lake project area is hereby amended ae follows: section 7 is amended to read as follows: SECTION 7 In addition to the above -slated assistance provided by the City to the Agency, the City shall decrease its loan to the Agency by the sum of eighteen thousand eight hundred fifty-nine dollars ($18,859) which shall bring the total sum to one hundred `? twenty-six thousand two hundred nineky-five dollars ($126,295) representing principle and accrued interest through June 30$ 1986. On July 1, 1986 the city advance &hall increase by $22,045 to a total of $148,340. This represents the Project Area's 1986/87 budget. These sums shall be a. debt of the Agency to the '7'IY City and bear simple interest at the rate of ten percent (101) per annum on any unpaid balance with the Exception of any advances of Federal funds which bear no interest. APPROVED by the City Council of t:he City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the /' day of ` �, 1986. Mayor a rperso 4' ATTEST: APPROVED AS TO FORM: City c ern Agency ec City Attor ey g y Counse (t�$p REVIEWED AND APPROVED: 144 lu, r'Lle - City A m n stra or y, Chief Executive Officer 0509H . ;' { F ++>111 6' . 1�4 1 �NITIATED AND APPROVED: �-►/��Z D' ty City Administrator Deputy Director Redevelopment ti lio , .1A1 I p 14 r � ', r ��rpnE a f� s �M'i� • �rQ �.,e��� ��., 'LKra r/ti, � �r1 •''ti r ] y r ' 1 1',i!p. h�1, � a A .I � ��y � ( .fie ��i r a�i 1 ii•�.�y� 4 AMENDMENT- NO. 2 TO OPERATIVE AGREEMENT NO, 4 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY ENTERED INTO THE 16th DAY OF SEPTEMBER, 1985, FOR THE IMPLEMENTATION OF TIME YOR17W N-LAKE REDEVELOPMENT PROJECT AREA Operative Agreement No. 4 between the City of Iuntington Beach and the Huntington Beach Redevelopment Agency for the implementation For the Yorktown -Lake project area is hereby amended as follows: Section 7 is amended to read as follows: SECTION 7 In addition to the above -stated assistance provided by the City to the Agency, the City shall increase its loan to the Agency by the sum of one hundred twenty thousand three hundred and seventeen dollars ($120,317) which shall bring the tntal sum to one hundred forty-five thousand one hundred and fifty-four dollars ($145,154) representing principle and deferred interest through June 30, 1986, and which sum shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) per annum on any unpaid balance. APPROVED by t;ra Cit!! Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the dry of laft , 1986. ATTEST: N�CIA *VM, RWrtyCLERN %.CtyCer Agenc er REVIEWLAP AND APPROVED: CTtryy Ad n strate Chief F:;;ecutive O: f icer 0509H M Mayor a rperso APPROVED AS TO FORM: - � ��2 z � C ty Attorney envy Counsel t s�cw.>M.wrwit'+Fow4��rsMM11�7Y"7,t�dr', .�y�: a! C.'r+?�c.'A.1'1�F+1NM�'t��•(,�•'�-m+nimmrrrx:rear+vr�ai.n�vaArainii,+�a.�..►+�..�..��. OrT'' r I r 1.• , r .� v y l �t +r r ,A - •�l• '1 1F �tl� 1 i '�4 d ♦ J AMEW 317W 11UNT1 INTU IMPU REDE1 Oper; Beach and the implementittiw f07 amended as 1. Moo changed to same* 2. SECTION 7 In aC. the City to th in the sum of k, dollars ($24o'll interest throu Agency to the percent (101) APPROVED Bcach and the held on the 4k, 4 ATTESTt :7. /K ty REVI AND K AM n ME r i ChJef Executiv, 0411H ;+ N eftwymebi r 13 Va �Mi 41- Irl-1. TA lr�- I A. -V 0I 4, ,; Huntington the ;reby Ailey -t �ty remain the 40. i+ A as follows: mided lay he Agency -seven eferred debt of the of tan vton IF -Al thereof + - .1 Y. Counsel PDa :ator 4 ielopmentas Ak *7 xil� I., Y -4: *0 L, I b' ,,,�JS �, �.y. i 1re•i t I�r� I Gc �,a r ]ijj ,�� ' ,frr�• y j l i 111, T ��r.il • it n, :1 R I i 1 I � �r v,��i 10 ATTACHMENT D OPERATIVE AGREEMENT NO. 4 AN AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY TO IMPLEMENT THE YORKTOWN-LAKE PEDEVELOPMENT PLAN THIS AGREEMENT is made ant entered into on this day of 1985, by and between the CITY OF HUNTINGTON BEACH, a municipal corporation o.,the State of California (herein CITY) and the HUNTINGTON BEACH REDEVELOPMENT AGED?CY, a. public entity, authorized to transact business pursuant +1` to tha provisions of California Health and Safety Code sec.- i; ti'ons 33000 et seq. (hardin AGENCY). 'WnREIS, pursuant to the attached Cooperative Agreement between t1e CITY and AGENCY, dated June 20, 1983, the CITY' agrees to provide to the AGENCY certain assistance and otherwise to cooperate with the AGENCY in carrying out the implementation of the redevelopment plans) and Said assistance w:*Il include the CITY providing the AGENCY with both administrative and/or technical services# constructing required public improvements and facilities as appropriate and necessary and providing funds to carry out t'heee and other AGENCY activities; and Said services, improvements, facilities and funds will be specified in Operative Agreements which will also identify the terms under which the CITY will be reimbursed for the associated costs. NOW, THEREFORE, the City of I1.sntington Beach agrees to provide the following in support of the implementation, of the Yorktown -Lake Redevelopment Plan: 1. i �- ti•.�r r - l .""i ,� 1 .-, { _ r'! • •F,; ,.fir 1, Y l��jril ,•1,�J i� ( 7 �' .; r +� i r V1 tf I i l� / .i i�, YitM, 7! � �. ''J� �r ��•� t I I A1. '. r� > 7. '�, �. � • i '1 i r v •ni ��N n ice � 5 1; [Sir r' IK r'• I I • 7 1 r •� �t : 1 f 1.i',�� > rl , ' i Yr S,1• tj I. E` r •� rr �I�,i.� • �' } i{ r 1 ^• 4 . N'�t? I'�1r1 ), � 1� � �t � ' y; � `� 1 •i��• 'r� �•�r., t,, k � i �/ �iL #��t ll� �r • Il f it Y �.'1 •v A �ytli ��� �,f . � ,� , I ��1) I •. r hr'v��r?��yl' �' ' ,i•. 'R, r �� 11 7 ii�� �, y��' I 1 1r '`�� 'Y��(�F r���li'/rr,r �: I•.'r t �1 .."f _ �, r' rl „ .1�5hl�i��r>1 ��3�'�+lt�f'��1ril %J��M tl. �S �+d F iS1h 4`1 r e '4 M 7- r 1J. J4 SECTION 1. CITY shall provide the necessary staff support to carry out the planning, engineering and administrative activities required to implement the Yorktown -Lake Redevelopment Plan. SECTION 2. CITY shall assist the AGENCY in carrying out the acquisition of parcels needed to provide appropriate public improvements and bring about the necessary parcel consolidation as set forth in the development agreements which will be adopted for the area and convey said parcels and other appropriate city -owned sites to the Redevelopment Agency at fair market value. SECTION 3. CITY shall assist in the construction of the required public improvements as Bet forth in the development agreements for the area. SECTION 4. CITY shall provide relocation advisory services and assistance to residential tenants and property owners displaced by the redevelopment activities within the project area. SECTION 5. CITY shall keep such accounting records as will enable the CITY and AGENCY to determine the actual costs incurred and/or monies -advanced in association with pursuing the implementation of Yorktown -Lake Redevelopment Plan. SECTION 6* CITY shall be reimbursed for all costs incurred in carrying out this agreement with future AGENCY revenues and the AGENCY agrees to pay interest to the CITY at the rate of 10 percent per annum on the unpaid balance owed the CITY cn thq expenditures made. SECTION 7. This document has been authorized to be executed by action taken by the fluntington Beach City Council on the 16th day of September , 1985, by Resolution No. 5577 , and by the Huntington Leach Redevelopment Agency on the 16th day of September , 1985, by Resolution Lao._ 125 - SECTION 8. If. any portion or section of this agreement Is declared to be unconstitutional or violative of tho California Community Redevelopment Law or other applicable laws of the State of California, then only that section or portion shall be stricken as agreed upon by both parties. Such determination of 2. �n A .A h., ��i AN 1 • , t .77 .1. i- All 'r �. ' ! `" � } •"'fit h �'�' f J - � '• - Y i- M , My� •,�'�'f,- remainder of WITNESS IM Operative Agre� 1 = • rr above -HUNTINGTON Cha t • � AFL - • _r•w AFencUM • ' • 4 It APPROVEDs I • City 1 - 1 ww� • 1 � r - ' � • • f• • 1• • � i t' �' �'r -asp + y- . 8 � {�t '- S • 11+ 1 �1 �, 1�2,• �' f • :•f�.��'. _' :raj"; •r�;:�� Nit 1 - . r , • h M 1 r •' h'` S; • ' _ ¢ it , - .. :t • ty or unfeasibilitY 911all not affect the rw• eement. Nr ; 'hereto60F, the parties ,- 4 , • - day, month, •year first OEVELOPMENT CITY OF • . + ;a 1 doll It Mayor APPROVED AS TO FOXM: • - . Attorney ,• INITIATED AND APPROVEDi :Or Tledevelopment ♦ ,kV � I ti • :Y� r •`r \ e � • - - •may _ . . . � .. 1 � r i 1, „,,Aa. iP Fr1�� ,'•WJ 2 I' y `4 I r , i rr r,�1 � � �,I ru �0l- r � 0.' �'�1 ,� ri•�!'`7MlIV . � _ rr` �� "� '. M Aye.. �.L� F $+ ,,' > nr .`£'� '';11 ��,✓ �I��� r4 a *•�r!4� (. ( ! t J✓f(. yl' 1.1"(.l 'o',�rr r� 7 ��'� F,�'I.�'S iF ti'r F ���' 1 ,�♦I 4k, 11; �Yu'•: �"r �rTp♦(r�• Y I I f �' r r'Y�l1iv �� dl'�' �k". J ice. �',1 I' (XS'1 r ✓ � � Y 7 1 f,^ �� 'ly r 1"�'r •�i r r 1� Yr -:1'9, f � ,� I i,r ^� ,'. •,? ':ire.rr■irtwtJ:rtlu.d,... y..,r,l•'y1� � �, r . '�y ",.�.urF..r, AIr EMMWT 110. 10 TO OPERATIVE AGRMMIiT 00. 5 B1r'."=W THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVEMPMENT AGEJICY FOR THY. IMPLEME'Ii ATION OF THE 1IUNTII9G" N CENTER PROJECT AREA Operative Agreement No. 5 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation of the Huntington Center project area is hereby amended as fol'.ows: Section 7 is amended to read as follows: SECTIpN 7 -- In addition to the above stated assistance provided by the City to the Agency, the Agency's debt is as follows: Previous Balance $ 1,418,763 Decrease (103.4L New Balance $ 1,315t275 Such new balance of One Million, Three Hundred Fifteen Thousand, Two Hundred Seventy -Five Dollars ($1,315,7.75). represents principal and accrued interest through .tune 30, 1.42. APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the 21st day of Septoher , 1992. Mayo r/C irperson 9/9/92:jn APPROVED AS TO F' RM: C7�t ► 40 no Agency �u���l I A,WC-VED : L DepilEy Cit} m'tt`nistrat Adminintrat4181 Service Department �; r Y' '� n�� '�� ,E'k4 r 1 •. I ' t •Wp .'•l _ _ .fir r I Jj. .r•- --.�1 � ,,�tL ' � ��•• ,�,- � +.r• 1 �')r �i� :- �L>« yfa_♦1'.- �� �,�F �`, _ �r. I-�i {' ���t �rt ._ - i.. �. r it '' r .c!-�' - f • 1♦ �'At 1, � •• JI � «. '_'���� - - , .c,. Q 4, �;r •y{7 ^ -�: I- �w♦ -, r - _.. '• - •• 7'. . ' + ' � L •,. ♦�•� � -. �- " ,Cry,7 ��• ► d°I,'1 ._`ny. �T1c r�-;.•,':1 + [�..`��• .r• 7 rf j t ' r �• • .,d ••i� I n,�/r - � y - �•'•nl t 17 4P � . ♦- x I 11 J•. y1.., 44 ♦ I _ , M .1 M-yl� 4t ^'Y'°-a.l�� �, 'r * �'� 19„r �♦ .r4F. -�r�, j_ .. t I'- _ '•�` ;, k 'i•! . _ - i �.� -' '..A_ ,f T �l�r._��+•r� Y "+1F :1-."�.y� J4Si. 1, i ''. _ � _ �♦ ' ' JO Zoe ns • � ♦ t i- •J .•r• r. h�t •�:•. �• IC a l a �•l tt d•F 1i _ r ' �: 1 : • • r I 1 t 4f9<l✓MUF _ ^ -•�, ♦J•A,_ I): V •. '.��.r *$. ' _ • I ,.. .:�i a - o.>�� fyc -fir ryWyl t f • • 1 _ . « . fir, ((( r C� it :1. ♦;, .� r .t.i' i ...� 1 1 I• 40 41 vtl lb r v• t 1 A •? � r �� J, r. r• ra 4u .i.. • y1�� 3�'�j �,y�(17���; r•A t t •.1'V ' � . -_ 1 � 1 � •1 y/d l (yet •��l S'• • - K 1h � . ' ,'. •'' , r • 'r. LO •'fir,, ' c rw � .r.. :,•f .,t:�t7. •A ,.) _ .Iv.. w fit.: .1/-- f1 � •r '" f r''�f r 1 F , 1 • •".►�,' �94.rIK•6 li'I�j q�f �•.,, ai"i ,r �`• ^:•+wr i,ti �� , rye , AMENDMENT NO. d TO OPERATI BETWEEN THE CITY OF HUNTING HUNTINGTON BEACH REDEVELC THE IMPLEMENTATION OF THE PROJE-'T AREA Operative Agreement No. 5 between the City of Beach Redevelopment Agency for the Implementation of hereby amended as follows: Section 7 fa amended to reed as follows: SECTDA_1 - In addition to the above stated a Agency, the Agency's debt Is as follows: 'M Previous Balance to City ]Previous Amounts Owed to Huntington Beach Public Financing Ai Previous Balance Owed to City Incr-Iase New Balance Such new balance of One Million, Four Hundred, Si Thirty --Three dollars ($1,447,5331represents principal an � 1990. These sums shall be a debt of the Agency to, ille rate of ten percent per annum with the exception or any no interest. Such advances of Federal funds herein are pri APPROVED by the City Council of the Cl Redevelopment Agency at a regular meeting thereof held Mayor/CI ATTEST APPROV �s City City Ab�e` REVIEWED AND APPROVED: INITI s t Administra or/ C3isputy Chief )Executive Officer Admiuistr .} ..� -A. t71Y ♦ • • 4*6 (iiTT1::I% ;ram - �. . -i* - - , . 1. .. : _••, AV c . W. f;,71EACH AND THE 7 AGENCY s 7NGTON CENTER igton Beach and the Huntington project-ntington Center ce provided . 3 ,11 V' wit ' ' 1,192,852 97,6831 'Iva Hundred ,, •-y ,.! - xest at the �. Y. 1). - 'f,ri• 1 r ' q .•.. i • 1. ♦•�.. - -.ter ' 14, 16 t 1 rY • � r w, e :n�. r gyp';• Ali. ,� �',��+fir , • :;��*i�,! "� 1r, b ,.r' .'� .,Ilk ; 1 AMENDMENT NO. 7 TO OPERATIVE AGREEMENT NO. 5 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE HUNTINGTON CENTER REDEVELOPMENT PROJECT AREA Operative Agreement No. 5 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the impLamentation of the Huntington Center Project Area is hereby amended as to Section 7 only which shall read as follows: SECTION 7. In addition to the above stated assistance provided by the City to the Agency, the City shall increase its loan to the Agency as follows: Previous balance: $6,800,927.00 Increase: 3,022,601.09 Net-: Balance $9, 880, 535. 00 Such new balance of Nine Million, Eight Hundred Eighty Thousand, Five Hundred and Thirty-five Dollars ($0#880,535.00) represents principal and accrued interest through September 30, 1989. These sums shall be a debt of the Agency to the City, and bear simple interest at tho rate of ton percent (10%) per annum on any unpaid balance with the exception of any advances of Federal funds which beRr no interest. Such advances of Federal funds herein are presently $-0-. APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the /R day of 1989. Mayor/Chairperson ATTEST: City Clerk/Agency Clerk REVIEWHD AND APPROVED: City Administretor/ Chief Executive Officer APPROVED AS :O FORM: City Attor_ new/Agency Counsel r,tl 9' IN D A D p D: Deputy City A#ir_istrat ri Auministrat ve ServicestDiwartment dl. '"may, �. �i.^v, �� Ulr :'Y^i t�e l�i��f^."I ! , ^. 1�•^t rr �i^ I is L{�\41,�A�� r"di�r�gz it l,I r rr ^�• r ���iPi'' Yl ^ �7�.� } 1 I r r I �I rJ r r r l �.. i f{, Air 1 �� / q ,yy t 1S¢ 7 r I .'!i i. kri 1� •y , ..� a..aw........ _ ........ n }'"�:a� fun ' • .�11 � '•}.7u .. if: r �, 99 ,1. Y • 1 4 ' .1 t v � �� ` In AMENDMENT NO. 6 TO OPERATIVE AGREEMENT NO. 5 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTIHGTON BEACH REDEVELOPMENT AGENCY ''OR THEE IMPLEMENTATION OF THE HUNTINGTON CENTER REDEVELOPMENT PRO-TECT AREA Operative Agreement No. 5 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation of they Huntington Center project area in hereby amended as to "ation 7 only► which shall read as follows: fi=TION 7. In addition to the above stated assistance provided by the City to the Agency, the City shall reduce its loan to the ,Agency as follows; Previous balance: $9,329,993.00 Less $2.529,066.00 New balance $6,800,927.00 Such new balance of Six Million, Eight Hundred Thousand, Nine Hundred and Twenty -Seven Dollars ($6,800,927.00) represents principal and accrued interest through October 30, 1928. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of tan percent (10%) per annum on any unpaid balance with the exception of any advances of Federal funds which briar no interest. Such advances of Federal funds herein are presently $0. _i_ Ici wo r i �. � I + r'. r ,.. 1 - I�r', � 1 :'•, r < cif ? ! +:e ) }'•}j rli''^g'Ij4:Fs 'b111�f?�.77 Itr Y k 1ij yy44t `' {� 1 r 1, 'I� , +a ! >SJ IY11 I ��1�.Y`•, r�ilrw Jf` p11 I r 3 f. 461 IL vq k-k 4. 41 ki At 4z. I 1 21% L 4tt - 1- 4, -0 1L . j •�i �r '' �, r�•-_ '�; ;; .cam • AMENDM T NO. 5 TO OPE+RAT1VE AORF.ENt�T NO.,2' BETWEEN THE CITY OF HUNTINGTON REACH AND THE HVNTINGTON BEACH REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE HUNTINGTON CENTER REDEVELOPMENT PROJECT AREA Operative Agreement No. 3 between the City of Iuntington Beach and the Huntington Beach Redevelopment Agency for the implementation of the Huntington Center project area is hereby amended -is follows: Section 7 Is amended to read as follows: SECTION 7 In addition to the above stated assistance provided by the City to the Agency, the City shall increase its loan to the Agency by the sum of six million, three hundred and. ninety four thousand, nine hundred and sixty dollars ($6,394,960) which shall bring the total sum to nine million, three hundred twenty nine thoussndq nine hundred and ninety three dollars ($9,329,993) representing principal and accrued Interest through dune 30, 1988. These sums shall be a debt of the Agf.ncy to the City and bear 3hrtple interest at the rate of ten percent (10%) ^r- annum on any unpaid balance with the exception of any advances of Federal funds which bear no Interest. APPROVED by the City Counull of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the day of ''`'�`y`'� , 1988. ATTE•gT: REVIEWED AND APPROVEDs f,% • ,,f� M yor rperson APPROVED AS TO FORM: City Attc !ne tjgency Ccunse P/7 —f k 00 City Adm n s rator Chief Executive Officer De 3901j/Pg. 3 FPQ3 d ' P,r,1 r( r:SQIl •I�v ri T13-D AND APPROVED: X irector Redevelopment C' wr j • r• I '$ , ` { Yr _ r _ 11 J may, r • ^� � �. ++Ml, � �: � ,b� �.��.: - � r� .10 r Y`'�rR•' �ry .. �,y�A '�A rrF�. _4�(r. ' I..�:. i�;� lr �+_''!�,u AMENDMENT NO, A TO OPERATIVE AGREEMENT NO, 5 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON REACH REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE HUNTINGTON CENTER REDEVELOPMENT PROJECT AREA Operative Agreement Nu. 5 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency For the implementation r, of the Huntington Center project area is hereby amended as follows: Section 7 is amended to read as follows: SECTION 7 In addition to the above stated assistance provided by the City to the Agency, the City shall increase its loan to the Agency by the sum of one million, five hundred twenty three thousands five hundred and fifty two dollars ($1,523,552) which shall bring the total sum to two million, nine hundred thirty five thousand, thirty three dollars ($2,935,033) representing principal and accrued interest through June 30, 1987. These sums shall be a debt of the Agency to the: City and bear Aimple interest at the rate of ten percent (101) per annum on any unpaid balance with the exception of any advances of Federal funds which bear no interest. APPROVED by the City Council of the City of Huntington Beach and the Redevelopment Agency at a regular meeting thereof held on the/ day of 1987. r-� von ATTEST: City Clerk/Agency Clerk REVIEWED AND A:PPROVEA: City Administrator Chief I:xecut ive Officer 2430L APPROVED AS TO FORM: City Attorney/Agency Counsel e?-;-`, • k INITIATED AND APPROVED: DepugtyJ C s:y Administrator Depulty Director Redevelopment /'r L Y : r V7r S F' I k V, V •�t. r J r i,i dr 't� y,.� r; t., `•.rlr�'��`1 rrNf! �� r LaF�i � � . rrr •e r' .'r. ,r ,.i .J �'���bi{ r �' U f•. rI .r i `4! �'♦ .f��r `�'ar _ ..' ,r _. .�; .. . ,�r :fr'' { �L..:1i-4�4, , lit Y' T •j � �� r• 7. . " AL w �• AMENDMENT NO. 3 TO OPERATIVE' AGREEMENT 80. 5' BETWERW THE CITY OF HUNTINGTON BEACH AND THE , HUNTINGTON BEACH REDEVELOPMENT AGENCY ENTERED ' INTO THE 16th DAY OF SEPTEMBER, 1985, FOR THE IMPLEMENTATION OF THE HUNTINGTON C8NT9R REDEVELOPMENT PROJECT AREA Operative Agreement No. 5 between the City of Huntington +'•': Beach and the Huntington Beach Redevelopment Agency for the implementation for the Huntington Center project area ie hereby amended as follows: Section 7 is amended to road as follows: SECTXON 7 s in addition to the above -stated assistance provided by the City to the Agency, the City shall increase its loan to the Agency by the sum of six haadred ninety-three thousand six hundred r and thirty-three dollars (0693#633) which shall bring the total sum to one million three hundred thirty-three thousand five hundred and eighty-nine dollars ($1,333,589) representing principle and addrued interest through Juna 30, 1986. On July 1, 1986 the city advance shall increase by $72,892 to a total of T $1,4llr481. This represents the Project Area's 1986/87 budget. These Puma shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) p-.�r annum on any unpaid balance with the exception of any advances of Federal funds w;,ich bear no interest. APPROVED by the City Council of the City of Huntington r Beach and the Redevelopment Agency at a regular meeting thereof held on the �_ day of , 1986. Mayor C a rpers n �- ATTEST: "yAgency C er REVIEWED AND APPROVED: CM A m nis rato by &%p Chief Executive Officer 0510H �a A'�1 AWN i 32 .' •..�A, ; •tTf C� a `' �}«t!il} t�Ir - � , -4, 4 j ryrT APPROVED AS TO FORM: city Atto ey A ^y Counse1q INITIATED AND APPROVED: D uty City Administrator il putt' Director Redevelopment 0 � .II . • �. Ali �� �1 1� �,�� � {�' ��� err a s t� • c .. � . .J r• .:.Ji' t•r�L r Sa ,-1 A. 1�.� -, ^!f, +. 1- \'-� - - � ♦`1q / , � ,,,►, / � • �Y. f ,�._ r+k�j�, r:yyi !t'+',c i�x�, � .. - .A r _ .�1 �.r • k y 4 rr _ ,a /i r , �M .! r T `.. }} t� xl} � y �i t `FA��f J f.•!f $Y a.x A�' � r '� , i y jF S ri 'x� � _ - - �� F• +te - 4i� `iY � + r _ � �ng _ + 11.�.ij` - , '.� r �li�•• "ti��, : • -- � - f• : - ♦A ; . N r + 01. j •,.. p y 1 / •�• . �• �f•a J7 t- , J 1. ' • 1 j' � 1G. .,p1 .v /- � . - • . � t' '. 4"r. -0 ' t ri ti r A 9i[rt • �. �,: t • , �., ,•fit\.y ��� •. � ' r , •i: \ i.• �. r - 1 • r'_ 1 III•.. . , _ •, L :)� Iy --y r,i� /�' _ , ,%•��Y�y� r r.ijl��T• el' 11� � ♦ a._ r ,ir 5-.(�''�M •jj �•�. y- -fY A'`: Per S,+J, Ctf•� �-»-4 , 'y f •�•. .N �•..�1i a•Itr .Y ♦�ry„i'�,. .t r' • yr r` j 1t�r}I f�•�„f_a `r �`��r. �tS �Y,, fM� -�P. .. * . ♦ ► -a,-. , r , .',!s . .+�•� r>�yiL1r _.' * • 7 3,�� .'•.i: 1 •TAr-y+ �; ��_ � •M' t` t• 1�1 > . ,� , ,,y � _ ' - .. •., ,' ,: '+µ'T ' w • {r,.�\-, f,r (_• fd � :1. Jr.Y-r yy�h�'�h �., _ I - r , ♦ ♦ 1 •'�•yr�,- �{', t 1•�•'•'r•J��Y� ♦ ys''t -• \ n 'r•'•fh .�: � I ,•. .1 - •r/. ;• f 7 }-� r 3 ' JJa.. .'y t i�; �- -�p} ol..'.T „ 4:y pig 11l�'y t � � t �� �� �� a,� 11 i { T' 1 •I .J.l,lnri � 4w �+ �.�� .7 r .•Z i Y1r ;.y it I�,,,';�O�A ri �N�) 1,4 bi f J � r .i yyr•. ^',xly ,���f�'�'+ ! I � { h .•!',� J i �• 1 1 + w �11 �r 'y�w;.�ti� • t.. 1 � i � ( '., , .{ t r � , � „_� r ! It r � 1,� l -1•�.} % 1��,� { ti'r� f • ' � 7 { 1 Y1Y1k' AKZNDMENT NO. 1 TO OPERATIVE AGREEMENT NO. 5 BETWEEN THE CITY OF HUNTING:ION BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY ENTERED INTO THE 16TIl DAY OF SEPTEMI`:R, 1985, FOR THE IMPLFIMENTATION OF THE HUNTINGTON CENTER REDEVZL'rOPMENT PROJECT AREA Operative Agreement No. 5 between the City of Huntington Beach and the Huntington Beach Redevelopment Agency for the implementation of the Huntington Center project area is hAreby amended as follows: 1. Section 7 of the above -referenced Agreement is changed to Section 8. All other parts of this Section remain the same. 2. A new Section 7 is adried to th" Agreement as followsx SECTION 7 In 0dition to the above -stated assistance provided by the City to tho Agency►, the City shall make a loan to the Agency in the sum of thirty-seven thousand three hundred eighty -sir. dollars 337,386) which shall represent principle and defexired interest through August 31, 1985, and which sum shall be a debt of the Agency to the CiLy and bear Simple interest at the rate of ten percent (10%) per annum on any unpaid balance. APPROVED by the City Council of the. ity of Huntington Beach and the .Redevelopment Agency at 4r •ular meeting the::2!of held on the _�,rL day of • Mayor Chairperson ATTEST: City Clerk Agency Clear RL': irA ND APPROVED: .ity m rl e; ra► or Chief Executive Office,: 0412H APPROVED AS TO FORM: City Attorney Agency Counsey IN TIATE AND APPROVED: 1z �(& - __ - i Depmfvl City Admii7estrat Depu Director: Redevelopment 7.1'r T7. J T " r 1 __7 rla I I t 1 lip ` ti tArt{�, / S4 w'\ �� • J'iirl. �l�rli«• ri t��l t1:1 1 j ��, k! rM:7 ',�il f� r"rti). .•iT 1� +Te �1,,,q, � 1 rL � {r ^�� 1 -« 1 , - � l t{•.• t1 h71 �� c'j� 11^��,. 1d t: I 4 71 1 e. 1 J.. i,N 1•t �+ 1 ��i r0: «QWIh�,��r PSk� • -1..,/ ,{� ice. ._.'Lt "�, rr' try f� ',�r�'� �.; r' 11.. 1 1�J 1 �'r° �✓;]] J{II` ! 1,a! 1 r. l� � 'Rr• �''�r7"..�i1P'�L � ���,, -+i Sn � 1 t, M�'� ,r.� J i � -Y( .+ �l Iii,•iJ7 I� r�i J1�-.,Jt+,' a`� \ r •,t 3 .Jt,:1)ifw L t AtJI_.: , 1� ,t i71•'.. r t+;, r r '. �1 i:' r-�- ..� .. y't:.. ti i'� ,, '� .r; t'ti t �'tT �1��'! �'IV�'J e� r� iJ;. F S '1t+�10 1 Ii�� ' 1 7 r�r r�'.i is a• i. r Sr A•1 f:l {� I y/.w I w rll r -•'3�f r�::r T ��r1 Jll ,1 ti� 1% 1 '" l�', t 1 : rl�,d. � rl 1�Z _P7 �. l }� iY�� 1 y �r �'r,• Jf'1t�.1 . If r„tiifl J<' 1 11 '� , {1 1.•� r 1 r{ r, .< 1 1 ,{ i', ��YE1�"rt Yf.. 1 1 '�, � rll l ,l1 �T,` •1�111>!',+ r:, , �+.} •+,~'lil'nb� ,�' �� 1. J � rlil, y 1 ,., 1 )•: / •, r { f! r ,• 4 �riu /•�f �'-. ., 11 , rt ..t �1' •rl 1 It l / I.y,f r (t � .�y '� It '{ { W� . r J� rt 1 1 } 1�. .i rt 1 1 ( 1,� / ;1 •/ / � y.1 � J +t y,, 1 V Y { ;'' V, T�J �^_ r1 �•� � ,t� 1 r i r• ( 1 � ''T I ,r` l ( r' �1 e�jr I �`Y! 1• ti � �� Yl_� �•.� T, L� ll+. , y �,1 /11 , t f � .,. 1 • }r1:; �1 l -i`I " yy`r .JI'Ir. yam{/ .t / 1 Ott 1 ". r. f .••h + Idl.'' J ) Ii: l 1 it Lt�Flrty R:�i,fb, ��' ��, Y� � ,'Y'L,i�1�!tIS 1 Ir T�{ •+ � �'Ij ,1 .!, 1 - •11i,+�+r �� 'f'iYj �/�JI �A��I r {7rj1�,A •� i ���•yJ1... : C:t h�� ,��1 fl. i. , '1J r. 3 f� i _ � r 1. jj.♦ 1 i LM ,}`. i� � i t44 ..' • ,' liJ ,n i � '� h' • i� G I r' + + �lbi ✓ � t15 4 I +h'� ',ht t 1t b I It , � r r 1 ;..,yl.,.:s�.t-JtII.M'!Y.:Ti!�Y1T �ti:�.. 1:.a. :L:11i.^.i>tr14i.7,. �l:1•. 'tW11Y:afi1_Y,'T!'."G4..:(-• '.11i}iSiCQ1k}K�eeed�ir!r. ': 1 v nt ATTACHMENT I: OPERATIVE AGRE MENT NO. 5It ,,, } AN AGREEMENT BETWEEN THE CITY OF HUNTINGTON Ut&ACII ; AND THE IIUNTINGTOU BEACH REDEVELOPMENT ILGENCY TO IM['LEML:NT THEI:'INTINGTON CENTER I2H;DEVELOPMENT` PLAN ` r ' THISF.r EEMENT is made and entered � rmc on this day of _ 1965, by and between the CITY or +' HUNTINGTON BEACH, a municipal corporation of the State of ; California (herein CITY) and the IIUNTTNGTON DZACII REDEVETZPMr.MT AGENCY, a public entity, authorized to transact business pur- It tA. r , i previsions of California Health and Safety Coda aections 31000 et seq. (herein AGENCY). I. 11'cv x� r} t t �' iF ',�;`�,� + ,•.�: y '' ,• 1 WHEREAS, purouant to the attached Cooperative Agreement ; between the CITY and AGENCY, dated June 20, 1983, the CITY t ti agrees to provide to the AGENCY certain assistance and other- wise to cooperate with the AGENCY in carrying out the implemen-- + • "+ L�''' , tati.on of the redevelopment plan©; and Said assistance will include the CITY providing the AGENCY with both administrative and/or technical services, construc- r ting required public irrovem'nts and facilities as a pProprace ,, and necessary and providing funds to carry out these and other srr�Q4 a" AGENCY activities; and Said uervicers, improvements, facilities and funds will be spocified in Operative Agreements which will also identify the terns under which the CITY will be: reisibursed for the asso- ciated costs. ,A• r. NOW, THEREFORE, the City of Huntington beach agrees to pro- A vide the following in support of the implementation of the Huntington Center Redevelopment Plan: '? SECTION 1. CITY shall provide the necessary staff support1, S' 1. 0' 1, (' �� '�✓ i J, Cl '. Ia 1 1 }I�11�1'» I Y � • fT ; Y+ � '•� Y 1! hl 1 1 . + r'K�ti � � � y I + + t r1'iry� r i ill f +� "T `� r � � +,' � '', r _ I '>1 !r 1 '''� •,i' . � ^vhi` d �.'4 31 11, 'I+ R , v �. ! ! 9 1 - 1' 'ti Y. r! . 7t+f �A r,• rW1� r� '" �i 1' ! �+ $ ,j .'1�R�lij,{1. il'f r rl�r, i f� a �t. 1�vI r � .,,+1�� ��r�'.►t��°,r,dY L j�j r �� % +,nj 1 ray', ' ' ,. ' L r2•,. • .r•ti'�. �,�. (f) i yrY.','I 1, l ,sR tgg I r,' , it li �,J. t � l..l ' '•'1 �1 �r to carry out the planning; engineering and adminivtrativri ac- tivities required to implement the !Iunf inoton renter Redevelopment Plan. SM.^.TION 2. CITY anall asciist the AGENCY in carrying out the ecquisif-ion of parcels needed to provide appropriate public improvements and briny ab;-ut the necessary pa.ccl consolidation, ae set' Eorth in tl.--' Gevelormernt agreements which will be adopted for the L* ea .:,n d convey said parcels and other appro- priate city -owned sites to the Redevelopment Agency at fair market value. SECTION 3. CITY shall assist in the construction of the required public iml.UL'ovemetlta as set forth in the del►Nlopment agreementa for tie Brea. SECTION 4. CITY shall provide relocation advisory services and assistance to residential tenants and property ownsrs dis- placed by the redevelopment activities within the project area. SECTION 5. CI'i•Y shall keep such accounting recorus as will enable the CITY and AGENCY to determine the actual costs in- currec: and/or monies advanced in association with pursuing the implementation of •Huntington Center Redevelopmen'. Pl&n. SECTION 6. 7ITY shalt be reimbursed for all costs incurred in Carr}ing uttt c:,:X:, agreement with future AGENCY revenues and tbA AGENC"i Agrees to pay interest to the CITY at the rate of 30 percent per annum on the unpaid balance owes the CITY on the vxpanditures made. SEC':ION 7. This douumant has been authorized to be exe- cutor! Ly action taken by the Huntington Beach City Council on the' 16th day of September , 1985, by Resolution No. 5577 and by the Huntington Beach Redevelopment Agency on the 16ih day of SeRtember� 1985, by Resolution No. 125 SECTION S. If any Portion or section of this agreement is declared to be unconstitutional or v' :,lative of the California Community Redevelopment Law or other applicable laws of the 2. '. / ' 1. �l �j}f � a./,. , ,,ems , � 7• lam, ., r � ^, •f [ `,��,,?°fd� M )try; �'1 - ..� ;a�• t '., � +1 IF ! F i r y f.1 • :. 4 ����+ � i y% :dd' � r, oaf-.. � 1.' 4 Yr I P r; I n IA jr: State of California, then only that sectit.,n or portion nhall be stricken as agreed uon by both parties. Such determination ofof unconstitutionality or unfeasibility shall not affect the remainder of the agreement. IN WITNESS 1,111EREOP, the parties hereto have executed this Operative Agreement No. 5 on ti-e day, month, ancl year firet above written. CITY OF HUNTINGTON DFACH Y UUNTINGTON BEACH REDEWHLOPMENT 11 AGLUCY j `. ,I r , ,yx, f '�_ t airman lia i rman Mayor ATTEST i APPROVED AS TO F0*1: r.gency) Cal Clerk ency Counsel/City Attorney APPROVED: I ITIATED AND APPROVED: 14 Rief Exectvit Ve. cep F ty Director I Kr* City Administrator. Redevelopment ahb; 8115185 14 07301,/3702 I f Oil 3. ww n ww"w op"A" wg�'' .0 1, �� ,,y1f -'t , , ( .! r r �. ` .; �n� , 17k I I 4 r , , , �,•i I' ilk ,�� r+ r , AMENDMENT NO. 11 TO OPERATIVE AGRUMENT E:O. 2 BIrIWEEN T}IE CTTY OF 11TWINGTON BEACH AND THE III.'NTINGTON DFACH REDEVELOPMENT AGRNCY FOR THE iMPLEMENTA'rION OF TUR MAIN/PIRR PROJECT AREA Operative Agreement No. 2 between the City of fityn Angton each and the Huntington Beach Rndeve1opine nt .Agency fur the mplementation of tiie Main/Pier project area in hereby amt3rded 5 follows: Sricti on 7 is amended to rez d as follows; In add;.tion to the above stated assistance rov%ded by the City ':o the agency, the Agency'; debt is as alluws: Previous3 Balance $ 80,839,240 Decrease (14,400,079 Now Balance $ 66,359,161 Such new balHnce of Gixty Six Million, Three Hundrec: fifty -Niue Thousand, One Hundred Sixty -One tlolldrs ($66.3590161) represents principal and accrued interest throujh June 30, 1992. APPROVED by thG f;ity Council cF th3 City of Huntington beac% and the P.edevelopment Agency at a regular meetig thereof held on the _ duy c.,. �e tember 1992. , Mayor/Ch irp-srson ATTEST' w APPROVED AS TO� : ^FOOR/M City Clerk/Agency Cler'A City Attorn9�yf/�A�g�.en��ccy��..'0 1 REVIEWED AND APPROVED: I '' D PROVED: City dministrator/ Deputy C Administ Chief Executive Officer Administrative Sery Departmont 9/9/92:jn ot r , i t ' a 1'�'�; h �'7 i• t ' Y � ' t• r M r , ' K � k ,cif • �. „` „ It . � •. f _ , ;� y,, •'':pit , , ��;. �� , .71 4'-tf M W 'Ir; 1 i :�cti k•.' r r! t/.tS'i7► �A4 t L t. C 4� r / t �- . '..:.. ' :.Tr .., �T'...,' ..__, i ...tx: t, i- - AMENDMENT NO. 10 TO OPERATIVE AGREEMENT NO. 2 BETWEEN THE CITY OF HUNTINGTON BEA H AND THE HUNTINGTON BEACH � REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE MAIN/PIER PROJECT AREA ,i r rI Operative Agreement No. 2 berwnen the City of Huntington Beach and the Huntington Beach Rede%,ciopment A%jency for the implementation of the Main/Pier project area is hereby amended as follows - Section 7 is amended to read as follows: � SECTION 7 -- In addition to the above stated azslstance provided by the " City to the Agency, the 7ganzy's debt is as follows: rf. Previous Balance $ 71,088,702 Increase __J750,538 }` New Balance $ 80,839,240 ,,.. �,� 't,,w r Such net, balaice of Eighty Mi11 ion, Eight Hundred Thirty Nine Thousand. `s. `" '' Trrc Hundred Forty Dollars ($80,839,240) represents principal and accrued interest through June 1, 1991. These sums shall he a debt of the Agency to the City and bear simple Interest at the rate of eight percent per annum with the exception of any advances o; Federal fends which bear rio interest. Such advances of Federal funds herein are presently One —Hundred Eight Thousand. Ninety -One ($108,091). ' APPROVED by the City Council of the City of Huntington Reach o.. the RQdevelopmer,t Agency at a regular ineeting thereof held on the _,',LtLL day of September_' 1991. j Ma''ar/Ch rpe . on ATTEST: 1 %r�137LG�i L�•��' Clty Clerk/Agency C1arc REVIEPiED AND APP!i3tiE7: C1ty Administrator/ •f Chief Executive Officer WPADSERP:70 APPROVED AS TO FORM: etf anV/Agency Ccunsel T fW-APPR0zitD: y City tdmi i stratnr inistrat We Services Dep( tment `_�' !�rr , -;� � we ,� 'K ,,. � t�• , 1 � r'�� a /tip, � ,/:•"� �A' +. ;i„ !r I ." .• r /, ! "� !,11��i )�,,/ 1 r �,{�r �kl� � ^f r� ni ; 4 �� • ` . i � ('. ,� r Ir 11 ��`` 1/Y rk; it br • ` '� 17 411 •; ,fib � � � � r '!� 1, ♦ •Y i�,r ,�•�' 14 p(. 1 + J 6 In k_ 11 Ill ' '` •;. '�}.', + t P�IA`�;t'1'+ '•. •� i� p.ftl k•', ,1 ..:i,, .t .t r �'•'�Av):• � � .:, ,.. A.� .,, u_.'+ '�,^�r�rµa'4�''� 1 r AMENDMENT NO, 9 TO OPERATIVE AGREEMENT NO. 2 � 11 BETWEEN THE CITY OF 1]UNTlNGTOhI llEACf1 AND THE HUNTINGTON BEACH REDEVFLOPMFNT AGFNCY FOR w ' THE IMPILMENTATION Of: THE MAIN!PIER MOJECT , AREA I ` r, Operative Agreement No. 2 between the City of Huntington Beach and the Huntirgton Beach Redevelopment Agency for the implementation of the !.lain/Pier project area is hereby amended as follows: Section 7 Is arneMed tc, read as follows: , CTIf_1N 7 - In addition to the above strtted assisUmce provided by the City to the Agen%:y, the ftency's debt is as follows: r, Proviouz fialance $ 55,995.04E ' Previous Amounts Owed to 4, I Huntington Beach Public Financing Authority 14,609,1761 Previous Balance Owed to City 54,305,870 increase 16.7R2,8.32 New Ealance 71,088,702 Such new valance of Seventy -One N.illinn, Eighty -Eight Thousand, Scven-Hundred Two Dollars ($71,088,702) represents principal and accrued interest through June 30, 1990• These s;�m� shall be a debt of the A e tc to the City and bear simple Interest at the g Y IS ►':. rate of ten percent por nrinum with the ex,.eptlon of any advances of Federal funds which Lear � � 1 no interest. Such advances of Federal funds herein are presently One Hundred Eight Thousand, Ninety -One ($108,091). APPROVED by the City Council of the City of Huntington Heath and :he 41; Redevelopment Agency at a regular Meting tl,.,reof iheii on the 17th day or `�Pn�, 1990. Mayor/Chnlrpe, s.-sn ♦7 ffjt 1 A'iTEST: APPROVED AS TO FORM: • .t l 1 S{ l, - d City Clerk/Agency Clerk City Attorney/Ager_cy Counsel REVIEWED AND APPROVED: ]NIT b AN I rOVED: JLr ' �• y Isth tor/ ty Cl"'drMnistrator Chief Executive Officer Ad linistrative Services Depar ent_i rt i , i► N i ` . AIS�y�.' it�•.i r, �.1 ,, � ` t is i, !�'''' u , ►tom . .r ,. �,j��t'r. �. � 1' 1 ,. ' t1 i, i k k .• 1 � ��. �l, l��t: +� ,.1:, rl 1_ Y 1k, • r /r ':Jt _ I S1 ♦W ('4 �' •'i 1, t 7+ , ��•t q,, I T. t � ','�°arlt''�;r+,; � It. �.�I� , fit•° . �-,' i ,��; ' , s:' • fj; 1''� p'... �;+'' .•'.: • .,'f • rr S ti". r •�� k � dhr ar'., r v t',it r �, <<� ,,► r y „ �A[ Z ism ,J � l �SYjpbi�t r. .,- t•. i a• 1 1 1 AMENDMENT NO. 8 TO OPERhTIVE AGREEMENT NO. 2 DETWEEN THE CITY OF 11UNTINGTON BEACH AND THE REDEVELOPMENT AGENCY FOR THE IMPLEMENTATION OF THE I4AIN/PIER REDEVEIOPMENT PROJECT AREA 1 I , Operative t.greement No. 2 between the City of liuntington 1, Beach and the Iiunt;i,gton Beach Redevelopment Agency for the implementation of. the Main/Pier Project Area is hereby amended as to 1i Section 7 c•nly w,.Ich shall read ac follows: ' e tL—Z . In addition to the above stateu assistance provided by the City to the Agency, the City shall increase its loan to the Agency as follows: Previuus haianco: $21,920,567.00 Increase: ,37 74.479,Q9 New Balance $58,995,046.00 Such new balance of Fifty Eight Million, Nine Hundred Ninety-five thousand, Forty -Six Dolldl*s ($58,195,046.00) represents piAncipal and accrued interest through June 30, 19891. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) per annum on -,..y unpaid balance with the exception of any advances of Federal funds which bear no interest, Such advances of, Federal funds herein are presentll, $-0-. ,kPPROVED by the City Council of the City of Huntingtcll Beach and the Redevelopment h.gency at a regular maeting thereof held on the ,/8H day of Strf;'EMBE�!' , 1989. f J r N!ayor/Chairperson ATTEST: City Clerk/Agency Clerk R I� `D AND APPROV �: City Administrator/ Chief Executive Officer APPROVED AS TO FORM: C It A�o ne:_/Agency Counsel 7"- IN ' AtiD kj2OVED: 9-7 eputy`TVty Administi(atox/ dministrat ve Services Department J- I Ilk I •A M R ` ���V �v- , ,•:. 1}X.. ..fir '(1 I ■ �..%* � ^•fir � - , %0 F�r y 16: f; - r•� - r. ' .qV •r i 1 �' 4 1 , ,, 1 � -. r1• -..�) L' t,•�. '.'r°"i4 }'�� •�) '.IE�i�t .,>,.,T� / ^e/ '.7'•�i y '.;. � r4�' it . • 11• ',•li u, ' r .. ,._ `N.. /1.. i1i ', �:�.,}``t.r*1�1�...;`...1 .. •. 1I 1 �, '•I• , 7: r f • ( .. t. 1�1 rIr AMENDMENT NO. 7 TO OPERATIVE AGREEMENT NO. 2 t r, BETWEEN THE CITY Or HUNTZNGTON BEACH AND THIA HUNTINGTON BEACH REDEVELOPM NT AGENCY FOR THE IMPLEMENTATION OF THE MAIN -PIER F. REDEVELOPMENT PIOJECT AREA Operative Agreement No. 2 hetireen the City of Huntington F kp Beach and the Huntington Beach Redevelopment Agency for th-n,rt;r� t }'. lu 1 1 i� N J.t�•,�;t ,,, ' i implemontation of the Main -Pier project: area is Nereby amended as to Section 7 only which shall read as follows: 'I ..�a► In addition to the above stated essi,1A.suce provided by the City to the Agency, the City shnii increase its loan to the Agency as follows: Previous t,alance: $14,227,584.00 Increase $ 7• 0_7„�00 New balance $21,920,567.00 Such new balance of Twenty -One Million, Nine Hundred Twenty Thousand, Five .:u7dred Sixty -Seven Dollars ($21,920,567.00-) represents principal and aCrrUe3 interest through Cetober 10, 1988. These sums shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent ;10$) per annum on any unpaid balance with the exception of .any advances of Federal funds which hear no interest. ruck advances of Federal funds herein arc Presently $0. -I- 1 k 19047 1� �V r �k r �f% 'Yr y , t ' i yhi 1fl1�1� j is L o i` `•/ i13f 1i l 1tj.I AI `•�I / � y�\'� \ • /.'• 1 I r t 1 � , (, .-, ' i ," ' 1% 1�7 1 1 •r, , • '1 .1 :r .lip �l e! •�11: WW •�I ' ► r• li r r r APPRGVED by the City Courici 1 of the City of ituri► i ngton Bench and the Redevelopment Agency at a regular mebting thereof held on the __ dqy of March, 19B9. <)' ATTEST: • City ClorktAgency Cle• REVIEWED AND APPROVED: City Administrator Chief Executivn Officer -2- Zf 1.4 Idayc: /Chairperson APPROVED AS TO CORM: City attorney/Agencyy Counsel �_Zl INIT ED A APPROVEO: - gz-K Deputy .i.t'y Admi. ator / �ldininSstrativc ! .3 vlr�� V/ + a;y}!.: � la�•i',�t�'�4/�•' ;}'�7• i'ti7 .. i "P� i � ,�Nud •" +Mii�i!'�}:IMd..'t'h:tlNT..yrj.,.7a�,'y�pt7't�•'�11k•�•1M{� .I, +�,• ,r � I a. ,r• , ��� �1+ n+t�a ,i�+�,•�r r� •Frt �Y� � � � I� Y}�• � ` � ,} ,ji � ''�� ���f �)� 'Y� � , tit, r. � �, .. ,!�,• i .,a.�� �� ,,fir%° ',� � � � ', •� ''�'r '� �° � I h j J �,• -, 9 a .11Oil AMEND'itf1,4T NO. 0 TO OPERATIVE AGIIEENO NT NO. 2 � r nT,-rwr--r•.iv n'r:r.. riri'%• nr riuN'rri• vrnN 11RA011 ANr) ' 'A"itt: i1UNTINUIUN IMIAU11 t:uitt: rr::.irrn:i:rr: AU11,NUI ; 17-01l THE Hil" LL!<11:N'I'ATiON OF THE MAiN-111i:I1 ii rni:Vi:i3OPMFN'i' PItOJrC'i' ARCA ' Operative Agreement No. 2 hr_tN:nell the CIty of IhInth:gton IteAch and Uri Iluntirgten Beach Redevelopment Agency for the implementation of the I11ain-filer prniect wren is hereby nrnended as follows: Section 7 is amended to rend as followr;: SFC-,rION 7 In addition to the nbove stnted nssistnnee provided by the City to the Agency, the City shall incrense its lorm to the Agency by the sum of eight rnillion, seven hundred fifty eight thou9nnd, six !,unfired and sixt- seven dollars ($0,750,667) which shall bring the total suin to fourtaen million two hundred twenty seven thousand five hundeed eighty three dollars ($14,227,583) represcnting principal and accrued interest through June 30, 1988. These sums shall be a debt of the Agency to die City and bear simple Interest nt the rate of ten , ereent (10%) per annum oil tiny unpaid balance with the exception of any advon,`es of rederal funds tvh'.ch bEar no interest. APPROVED by tie City council of u- City nt Huntington reach and tiie R.edrvelopn:rnt Agency at a reltular rnretir,P, thereof held on tl�e 67eG day of tyZe..n L��-t./ , 1588 ATTEST, City Cler gerey Clerk r nVVIEWPI) AMI) APPROVr1): City Administrator Chief Executive Officer 39 (li j/ Pg. I �! or%Ch person r APPROVED AS TO 1701IM: Ci y A tgfine�ney Couns l MATED AND APPROVET): flep City Administrator DepPy ni—etor Redevelo?ment 71 .1 ii TV �7: + 71 A14ENDMENT NO. 5 TO OPERATIVP AGREEMENT NO. 2 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY FCR THE IMPLEMENTATION OF THE 7."( 14AIN-PIER IIEDEVELOP14ENT PROJECT AREA Operative Agrecment No. 2 between the Cit.N of Huntington Beach and the .4unt'niton Beach Redevelopment Agency for the implementation of the Main -Pier project area is hereby amended an follows: Section 7 is amended to read as follows: 1. SE'CTION 7 In addition to the above stated assistance provided by the City to the Acsenc% , the City shall Increase it. loan to the Agency by the 1 4,11, s u in. of two million, seventy four th.mhundred and f i-Ity sand eight A. r; 1. x dollars 02fC74,656) which shall briioj the Got .tl sum to five I Y,Q million four hundred sixty eight thousand nine hundred and s).xteen dollars ($5#466;y16) rciiresenting principal and accrued interest through June 30# 1987. These sum* shall be a debt of the Agency to 7, the City and bear simple interest at the rate of ten percent (10%) per annum on any unpaid balance with the exception of -,,.y advancer, of Federal funds which bear no interest. APPROVED by the City Council of the City of Hunti.n9ton Beach and L'A 'k. t h 6 Redevelopmen- Agency at a regular meeting thereof held an 10) the day of 1987. :A;, M "of ATTEST: *%PPROVED AS TO FOnM: •City clerk 7Agency clerk REVIEWED AND APPROVED: N ity Administrator Chief Exulcutive Ofticer 2430L PS City Attorney/Agency, Co e i Ink§:\ \&-tl ININTIATED AND APPROVED: DO_rtrLF] City Administrator Deputy Director Redevelopment P�. 114A 77 M, f ,,: , .. ..., ... .mil` ., I' . .:. .•_i .C.., �....1....._-w.,YS•. jt,a'�1�"�.'J'.. .... , I • 1 � �� � t ��� 1 it 1r' ,�A��• � rill) „ AMENDMENT NU. 4 TO OPERATIVE AGREEMENT NU. 2 BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT ACENCY EIITERED INTO THE 20th DAY OF JUNEr 1983, FOR THE IMPLEMENTATION OF THE MAIN -PIER REDEVELOPMENT PROJECT AREA Operative Agreement No. 1 between the City of Huntington t Beach and the Huntington Death Redevelopment Agency for the Implementation for the Main-Pf.er project area is hereby amended as follows: Section 7 is amended to rear: ,s follows: SECTION 7 1 In addition to the above -stated &ssistance provided by the City to the Agency, the City chall decrease its loan to the Agency by the num of one hundred thirty thousand eight hundred thirty-cix dollar.0 (*13G,036) which shall bring the total sam to two million nine hundred eighty-eight thousand nine aundr.ed and forty-eight dolle..rs ($2,986,949) represe,Ating principle and accrued interest through June 30, 1986. On July 1, 1986 the city advance shall increase by $405,13.2 to a total of $3,394,060. This represents the Project Area's 1906/07 budget, These sums shall be � a debt of the Agency to the City and bear simple interest at the 1 rate of ten percent (10%) per annum on any unpaid balance with the ' w"r►;>J' zxception of any advances of Federal feinds which bear no interest. APPROVED by tho City Council of the City of Huntington Beach any; the Redevelopment Agency at a regular menting thereof ,xr held on the day of �� , 1986. Mayor Cha rperso , 7�7`1 j ATTEST: APPROVED AS TO FORM: y �, '�= City C•terk/Agency Clcrk City Attor ey/Ag- cy CounselQ�i4-$- REVIEWED AND APPROVED: INI'CIATED AND APPROVED: 1-4 ( I •,t -.1�,i fir. /') ___,�� % 1 �' 1'? ,�'City A m n i s t r a t r hr i, Df- f t C V il A mlstrator qSi :' I�n,• 'l r; Chief Executive Officer Deputy Directar Redevelopment>'< 0507H ;1 ,} �..Vti—•..-�.r'ass-as..w...r..�...ti.ww•w.1q.•-rt R'x.rl... +•w•rr- Ir`,,..n••c.�,l,.._.,.{T:.(.•,..,rr►TfS••".•a •.•-••r:,!Ir«+N �.9r,r. r• _v'..�nf••.•-ter.+ ...... •F h F,� � (i 7 Y f' ' ( �1•�1. µ�*I�} ♦ 1, t ! • , - - ' I f'- Ali • - •: '- - • � � y1 1 9 , If j q 00 Jy ax Ud\ t a'rh� ti_•rt�� n1,' °l5. �, K a, t 1 1 •:�� twrT -, 'gip•°'` ,'y ';'_ �;� • . ,'' i I 1 1 i .i 'V 1 �''k�ylr I { t b .i . i 1 ` t •' � / I .• - w.•�t.{�Y 1 i-' `; y`'.l3 irr .•J,u 1sL.l4!i•? � .._........ ... .. .... ,,: il.• "I+ly .�.. •L� , w .11 •. k9.~ �'l kr�l� nl�.. •�"�i1 .r r ..:. G`I ^ ) i. • _a \... l { + AMENDMENT NO. 3 TO OPERATIVE AGREE14ENT NC. 2 BETWSEN THE CITY OF HUNTINGTON BEAC:1 AND THE IiUNTINGTON BEACH REDEVELOPMENT AGENCY ENTERED IiITO THE 20th DAY OF JUNF, 1983 17OR THE IMPLEMENTATION OF THE MAIN -PIER REDE4ELOPMEI:T PROJECT AREA y Operative Agreement No. 2 between the City of Huntington B3acn and the Huntington Beach Redevelopment Agency for the implementation for the Main. -Pier project area is herilby amerded as follows: ' Section 7 is amended to read as follows: r' 1 SECTION 7 - r In addition I:o the above —stated assistance provid?d by the City to the Agency, the City shall increase its loan to the Agency by she sum 4f one mi,lion arwo hundred fifty-six thousand nine n.unr'red and fifty-nine dollars ($1,256,959) which shall bring the total sum tc three millinn one hundred nineteen thousand seven hundred and eighty-four dollars ($3,119,784) representing principle and deferred interest through .Tune 30, 1986, and which sum shall be a debt of the Agency to the City and bear simple interest at the rate of ten percent (10%) per annam on any unpaid balance. APPROVED by the City Council of Lhe City of Huntington Beach and the Redevelopzler•t AgenCs at a regular meeting thereof held on the _ gday of , 1986. ATTE S T : AUCI6 .w..WENT1ti0RM1rY C LERIa 4- OR,rCit�y&9Cl rk Agency tleek REVIMED AND APPROXED: -70 4 , C_ y Rd1, n st for IV Chief E•••e:•utive Officer 050711 hcnl f. yN.-tz— Mayor/Chairperson APPROV AS TO FO /X,-.Xnty Attorney/AVncy Couneel I7'IATED AND APPRCVEU: Depu City Adm nistratar DepLKY Director Redevelopment ? S"19V !:Wf( sfrr.4mMl :►.t f r! ��S f/i�.1f� ►tK .A,'_r v rvw'rwoe;o& %'� � �'{ti•;<1 Nif' ryJ wl�wr l' , ! 11 + ' l 1 � ')� • , f !4) f�, !'� �' , t �rr i' 1 i' ,,� 1 r� r -i r '•, r � •,'� t ter 1:�.�a 4t P � !,2.1 ,ij �J •�' t , i, i .r .' '1 .I � 1 +.1 � 1st ,rf. Ri �' n IfLfl1 I; t'd z 1 , '! tV A , , 1 , f .►,� ' � ' ' it i� ti i. e' l ' `.., '� I,. ~ ire , -!y ,... 1:. � -. �r`_ , �.::- J, Si• poi fur .. "• 1+ �jr It�'�t• 1 ' ' r�l' rtl �, - AMENDMENT NO. 2 TO OPERATIVE AGREEMENT 110, 2 f BEUW EFN THE CITY OF HUNTINGTON BEACH Ah D THE rc; " 11TINTI400A BEACH REDEI►ELOPMENT AGENCY ENTERED f r r INTO THE 20th DAY OF JUVE, 1903, FOR THIS t IMPLEMENTATION OF TPE MAIN -PIER REGLVELOPMENT PROJECT AREA Operative Agreemont No. 2 between the City of Hunti.ngt nn Beach and the Huntington [;each Redevelopment Agency, for the f y p . m p imleentation fur the Main-P'er project area is hereby amended as .. �• r .. if << Section 7 is amended to rend as follows: 1 SECTION 7 r r , t , j'i�,•IMj. t d i t id c7 bXt to All �11 rr ���• , , ,, r yr � I•rhrti �� � • It l: , ,� '� S, ,•�,� +, 11 1� � .� it � 1v t> • � tt ' W , . 'W V�.\ In add L an to t:he a ove-a ate asc s anc'e pr.ov e y Lhe City to the Agency, the City shall increase its loan to the Agency by the seam cf six hun0r:,e thirty-seven thousead eight hundend and thirty dollars ($6.7,830) which shall bring the total sum to one million aig''W. hu'adred sixty-two thousald eight hundred and thirty dollars ($1,862,830) representing principle and deferred int--eat through August. 31, ? 965, and Ailch sum shall be a dent of the Agency to the City and bear simple interest at: the rate of ten percent (10%) per annum on any unpaid balance. APPROvEU by the City Council of th City -if Huntington Beach and the Redevelopment Agency at a.�r�yular meeting thereof held on the �i ' day of ATTEST: r//[1C ty Clerk' gercyOUT �, erk REVI AND APPROVED: City Administrator Chief Executive Officer 041411 Ztn&t - '- Mayor Chuirpers 76 APPROVED AS TO FORM: City Attorney/Agency Counsel f INIVIATED ANU APPROVED: Depqty City Adm his':rator ?2ppu y Dirictor Redevelopment �, Hpfrt•••i'+.tar,r,.r�rv.Ms�o+rs+4s*+7ct�M1✓JI•I4.'f�f'f•:n�w'MAn-Af•+.tr•�:�<w,•v�cr aef.•�...�.�.+r•. •.a�►nv�,�lfr!�7t,1.1'•;j.5, ���� y� 41 r; '°r ',Bit i 1 i 1 ' f r •t ti I y ;+�t � /�1 �-ttir� � ' v`��r i �r ,6 I'�y'.1 f.` ,!, • r ' l � 1. . '+,' � (' V ",5� t,��� .I yea a r1. � a 1� 1 ' eir. `' + r•'r �'�,ti t�. \1.,.�•'j�1�jL'' it .r +,i i�. �, �al'��+� r� �� i fi1, 1•�f �r'. ;� 'vr j! � !r�� r � t^4yt1 �,',pr:;(� t ' �� �" j,• 1 ,,'1: , '♦ .r. ,I:'I-. .-�,� �(�' it a O�fS AMENDMENT NO. 1 TO OP.': RATIVE ACIiL• L !ENT 110. 2 . I3hT',)L::N i'I11', 12I'I'a' OF Ii:iwi'Ch;'ION P2 ;W:1 ',D?I) '1'06' C }111NTINGTON LEACH REDEVELOPMENT A'jl-:IICY ENTERED INTO '1llh :'Or:h VM' Os: JUNE$ 19n, 1•'OIi '!lilt: I11P1.,,?h1T:1�'I'A'1'ION OY 'TIII: tiF"IN-f�li'.i; 1i1:1�I.�'L:LOP1dI'.11'I' PRCJi'M' i112�:1� I Operative ligrocment No. 2 Lr�twecn the City of Huntington !teach 11MI the IJuntington Pench Eccicvc 1pivie,it ALirncy for. the itrplemerltation for the Valn--Pler I:roject area iri hereby emended an 1. Section 7 of: the ribcve-1•+,ferenccrl Agreement in chased to Section F.. All other parts of t} i_1 Section rr.n,ain Lhc� ` 1 2. A new Section 7 is aclrlr�cl to the rl.-rcetrent fc+llot�r: II SEC",'ION 7 •.. In addition to the above -stated a.rri©tancc prop r;y ,- ri tr ° t.ze City to the Agcncy, the City zhall make a loan to the Acenc'y it, the: slue of one ni1111.0n t:wD hundred twcn'+,-five thau:Iand dollaru';+t^° (tl,22` 11(.0), which shall be a dent of tl,e Av .ticy to .tie City and ° hear aimple itlterent at the rak4 of ten rerr_ent 110%) Per arinum on any Utl !Iid balarc:e. � APPROVED by Hie City Cuaui.l of the City of Huntington o ��. Beach and the ReLlevelopinent Agencyat a regular meeting thereof �{*' lic Id on Uae �.%�.� .. day °f 1905. -05 0,0 Ma}'or; Ct'a �rr•eYt;on01 : LPVRCVED AS TO FO°11: 1 1 F`'t ���; ,,: ;�.,,� //,�c�,'� /`lj, ors,?••�aGG.cGa�.��' � ' -•�- �;, , City Clerk/AgencyyC Clerk � City r tto n .y Age; y_ _u •sel RLVIEWI: 1�*.lD AFPROVID: INITIATED AND APPR "ED: i �� + --_'�' it r _ //yyam yam- �a City in111.1 ator. C_.8>sr ty y Admi T6T ator 9� �� �', Chief Lxecutfve Officer Deputy Director Ripdevclopr,ent �r 0761E rv� „� F e t1 • r• Nil lh C �I 1!�� y'iyyyyy!!!!!����� v ' 4•'l�� d J ' I. •.. . + Y '1 "j -I 0 I (� "I �t1 ATTACHMENT "B" OPERAMIr. AGUE'r•IL:I -V NO. 2 AN AGF'.L• E iENT BLT6-!:1FN T11r CITY OF IiUNTINGTON BEACH AND THE HUNTINGTON BEACH REDEVELOPMENT AGENCY TO IMPLEMENT TIiIE MAIN-PIEP, REDEVELOPMENT PLAN' 'Ii; T:, ii[;RI;1 tdEt]'1' .is entnrecl into this; day of �)N JL , 19831 by and betwer.n the CITY 01, HUNTINGTON BFACH, a municipal corporation (herein "City") anr' the HUNTINGTON BEACH REDEVELOPMENT AGENCY, a public entity authori:,e'•I to transact bu siIle s pursuant to the provisions of Section 33090 r_•t. sec{. of the California 11nalth and Safety Code (herein "Agency"). W I T N E S. S E T II : MIEREAS , pursuant to the attached Cooperative Agreement between the City and Agcncy dated ':T11 _, the city agrees to provide to the Agency certain assistance and to othenriisa cooperate :with the Agency in carrying aut the inplemuntat Lon of the redevelopment plans; and MI"MEAS, said assistance will include the City providing the Agenr,,, with both administrative and/or technical services, canctruccting required public inarovamcnts and facilities as appropriate and necessary and providing fund3 to carry out these and r.''.her. Agency activities; and WHEREAS, said services, improvements, facilities and funds will be specified ir_ Operative Agreements which will also identify the terms under which the City will be reimbursed for the associated costs. NOW, THEREFORE, the Ci;:y of Huntington Beach agrees to provide the: fo?.lotving in support l� of the iinplementation of the Main -Pier Redevelopment Plan: Section 1: City shall provide the necessary staff support to ca~ry out the planning, enaineer.ing and administrative activities re- quired to implement the Main -Pier Redevelopment Plan. ScctYon 2: City shall assist: the Agency in carrying out the ae- quisition of parcels needed to provide appropriate public improvements and bring about the necessary parcel cons-olidation as set forth in the ,l1 i I r , y y Yr 1y h r , i� 9 7i}rr .f I - r 11 t i ♦� S p . a. Ax .X . r . r. ,�Y r envelopment agreements which will L.: adopted for the are-.- and convey raid parcels acid other appropriate City--ot'rned sites tc the Itedexre l.opmetYt Agt!ncy at fair -mark •t value. Section 3: City shall assist in the construction or the re- quired public improvements as set forth in the development agreemento For the area. Sadtian 4: City shall provide relocation advisory srervicns and assistance to residential tenants and property owners displaced by the redevelopment activities within the p.roiect area. Section 5: City stall keep :;uch arc:ountinq record:.: as 'gill en- able the City and Agency to determine the actual cfjsts incur-,::1 and/ or monies advanced in association with pursuing tii i.npl.emcntation of main --Pier Redevelopment Plan. Section 0: City shall bf_� reimbursed for all costs incurred in carrying out this agreement with fittura Agency revenues and the Agency agrees to pay interest to the City at the rate or ton percent (M') per aiinum on the unpaid balance owed the City or. the 72xpendit:urec made. Section 7: This document has beer, eurhoL'i.ZCC1 to Le executed by action taken by the Iuntington Beach City Council on �►ret�.�dc'2_____ _^, 1983, by Resolution No..72 W, and by t_ae Huntington reach Redevelopment Agency on ...34rL�lc .._.�, 19U3, by Resolution No. 76 Section 8: If any portion or section of this agreement is de-- clarea to be unconstitutional or violative or the California Community Redevelopment Law or other applicable laws of the State of California, R Y then only that section or portion shall be sL-ricken as agreed anon by ' both parties. Such determination of unconstitutionality or unfeasi- bility shall not affect ,:Yie remainder of the agreement. Its WITNESS WHEREOF, the parties hereto have executed this docuunent as of the date first above written. 1, REDEVELOFME•NT AGENCY CITY OF HUNTINGTON BEACH By Chairperson —r Mayor �• 67 j t rrr^,, 1 y h I� r - - � •ir Ii ,t � . rf r1 c ,1 1 • ', ' N r .. P lY' z adr,rY, Jt1� � r 1' 1l �! k • r, f, T r 1 I r 1 1 t r TTT 1 ^r•}ab i {Cr WIF�'� ICI •F ,' ,�1 1�G'�.} % 'I l'ir �..R'� r rrlF�; ,wrr Y'• i j, ,1 ht Ai ` ATTEST: C� Ly?1i�ency C1cr}: w J i`�ITIA'I'rD AND 111'PROVED • Ri,VI lyi9ED A JD j3i�}'ROV,.sD pirerLor, i3u ;i nes� Ii� istrial Chief- of Aduti; i!t Live 5e�v Enterpxisu I V EU ,A/I TO 1DRAY APPROVED AS '10 FUY.►d; APPR01 �S City Attortiev Agency counsel peC.. ounsel'^11 ► r:y" APPROVED: ro - CiL-y Administrator 1 A 1 i APO. di ! i : _ 3 _ f° , � � f l��,, .. I•m94tr lid I , ice,; +,k•i� �' { ,,j� � '• .,.r•. .. ...._... .. .r. ,.�........_�_.._....-__. --.,_ ,______.. ... _.�_.. r ♦--er � w e-�MCY:f K,•.11�1 �..^ i ��,i ,�. r} 4t r icrvvr,r•�Sr+Y"�tlti,cr �•rty - 'ly�:1 �I I �. fir',' :1`S • , ., r' , J; I i t I I o 1 � IJ f�1 f , i }, ,..; , .. I . 1 •.\.tiFrj4fdr„��rl� � ' 1 yp,. 4.�� ., Ili } - , �,1 l•�Alu}��,,,�, �� i�i, "'i*11j*,r, .q, , - _ Irti r ��h/ !'• 1'P}Il �p .,�.� �'�1 •., I,,fa r',.' i• , I,,�yt ( F' , I'1 � F�.�.r��r,x i 1 �. �+ �1Prr"i � r ,• - � � r�11 R� Y, tM�, ��. � J� ��I ��• >ufJ,��l ,�L ►,'. , ',,,/ ••y rl '� "y1�1�''i{,�"4*',w 3r�J�ti��� ` ti 1 p