HomeMy WebLinkAboutHuntington Beach Oversight Board of the Successor Agency of City of Huntington Beach
2000 Main Street 4 Huntington Beach, CA 92648
_ (714) 536-5227 ® www.huntingtonbeachca.gov
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Office of the City Clerk
F877 799q P ® -
t Joan L. Flynn, City Clerk
CALL FOR HUNTINGTON BEACH OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY
SPECIAL MEETING
WEDNESDAY, OCTOBER 2, 2013
City of Huntington Beach appointee Mayor Connie Boardman
County Board of Supervisors appointees Lucy Dunn and Steve Bone
Community Colleges District appointee W. Andrew "Andy" Dunn
Orange County Office of Education appointee Carrie Delgado
Former Huntington Beach Redevelopment Agency employee representative Kellee Fritzal
Special District — Orange County Sanitation District appointee Joe Carchio
You are hereby notified that a Special Meeting of the Huntington Beach Oversight Board of the
Successor Agency of the former Redevelopment Agency is called for and will be held in City
Hall, 2000 Main Street, Civic Center Lower Level Room B-8, Huntington Beach at the hour
of 4:00 p.m., Wednesday, October 2, 2013 in order to allow discussion and voting on the
following items:
BUSINESS:
1. Adopt Resolution Ratifying the Transferring of Housing Functions, Assets and
Obligations of the Successor Agency to the Huntington Beach Housing Authority
2. Approve and adopt the minutes of the Oversight Board Special Meeting of September
23, 2013
Dated: October 1, 2013
Is/ Joan L. Flynn /s/ Connie Boardman
ATTEST: Secretary Chair
I hereby certify that I received the above notice, "Call for Huntington Beach Oversight Board of
the Successor Agency of the Former Redevelopment Agency" prior to 4:00 P.M. on Tuesday,
October 1, 2013.
Isl Connie Boardman
Chair
Sister Cities: Anjo, Japan ® Waitakere, New Zealand
HUNTINGTON BEACH OVERSIGHT BOARD
of the Successor Agency of the former
City of Huntington Redevelopment Agency
Special Meeting Agenda
October 29 2®1 3 Huntington Beach
4:00 P.M. Oversight Board
City Hall, 2000 Main Street, Civic Center Lower Level,
Room B-8, Huntington Beach, CA 92648
WEB ACCESS: "REMINDER"
Meeting audio archives can be accessed As a courtesy to those in attendance, please
at http://huntingtonbeach.granicus.com silence your cell phones and pagers
MEETING`ASSISTANCE NOTICE._.AMERIGANS,WITH DISABILITIESACT _y__ w__ ,__ ___ _k_ _
In accordance with the Americans with Disabilities Act the following services are available to members of our community who require special
assistance to participate in Oversight Committee meetings. If you require special assistance,48-hour prior notification will enable the city to make
reasonable arrangements. To make arrangements for an assisted listening device (ALD) for the hearing impaired,.American Sign Language
interpreters,a reader during the meeting and/or large print agendas, please contact the Oversight Board Secretary's Office at(714)536-5227.
OVERSIGHT COMMITTEE,AGENDA;
The Oversight Committee agenda and supporting documentation is made available for public review during normal business hours in the Office of
the Oversight Board Secretary, 2000 Main Street immediately following distribution of the agenda packet to a majority of the Board Members.
Questions on agenda items may be directed to the Oversight Board Secretary's Office at (714) 536-5227. The agenda packet is posted on the
city's website at http://www.huntingtonbeachca.gov/Government/agendas/.
AUDIO ACCESS TO OVERSIGHT GOMMITTEE,MEETINGS
Oversight Committee meeting audio recordings are archived at http://www.huntingtonbeachca.gov/Government/agendas/.
SOPPLENIENTAL'COMMUNIICATION�
Staff and members of the public have the opportunity to submit information related town agenda item following distribution of the agenda packet to
the Board Members. This information is identified as "Supplemental Communication" and is assembled into a packet by the Oversight Board
Secretary on the day of the meeting. The Brown (Open Meetings)Act requires that copies of Supplemental Communication be made available to
the public immediately upon distribution of material to a majority of the Board Members. Communication received by any individual at the meeting
will be made available to the public in the Oversight Board Secretary's Office the following morning.
-- — -
PUBLIC COMMENTS � _
This is the time of the meeting for the Board Members to receive comments from the public regarding items of interest or agenda items. Pursuant
to the Brown(Open Meeting)Act,the Board Members may not enter into discussion regarding items not on the Oversight Committee agenda. The
Board Members strive to treat members of the public with respect. Comments or concerns provided by the public shall be done in a civil and
respectful manner. I
To participate in Public Comments, yellow Request to Speak forms are available at the entrance table and are collected by the Oversight Board
Secretary. Each speaker is allowed 3 minutes, and time may not be donated to another speaker.
This agenda contains a brief general description of each item the Oversight Board will consider. The City Clerk has on file
copies of written documentation relating to each item of business on this Agenda available for public inspection. Contact the
City Clerk's Office at(714) 536-5227 or view the Agenda and related materials on the City's website at
http://www.huntingtonbeachca.gov. Materials related to an item on this Agenda submitted to the Oversight Board after
distribution of the Agenda Packet are available for public inspection in the City Clerk's Office at 2000 Main Street, Huntington
Beach, California during normal business hours. Such documents may also be available on the City's website subject to staffs
ability to post documents before the meeting.
Special Accommodations
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please
contact the City Clerk's Office at(714) 536-5227. Notification 48 hours prior to the meeting will enable City staff to make
reasonable arrangements to ensure accessibility.
(28 CFR 35.102.35.104 ADA Title 11)
HUNTINGTON BEACH OVERSIGHT BOARD
of the Successor Agency of the former
City of Huntington Redevelopment Agency
Special Meeting Agenda
October 2, 2013
4:00 P.M.
City Hall, 2000 Main Street, Civic Center Lower Level, Room B-8,
Huntington Beach, CA 92648
4:00 PM — ROOM B-8
CIVIC CENTER, 2000 MAIN STREET
HUNTINGTON BEACH, CA 92648
BOARD MEMBERS: City of Huntington Beach appointee Mayor Connie Boardman; County Board of
Supervisors appointees Lucy Dunn and Steve Bone; Community Colleges Districts appointee
W. Andrew "Andy" Dunn; Orange County Office of Education appointee Carrie Delgado; Former
Huntington Beach Redevelopment Agency employee representative Kellee Fritzal; Special District—
Orange County Sanitation District appointee Joe Carchio
CALL TO ORDER
ROLL CALL: Boardman, Bone, Carchio, Delgado, A. Dunn, L. Dunn, Fritzal
PLEDGE OF ALLEGIANCE: To be led by Chair Boardman.
SUPPLEMENTAL COMMUNICATIONS: Announced by Board Secretary.
PUBLIC COMMENTS: This is the portion of the meeting for any member of the public to address the
Oversight Board on any matter that is within the subject matterjurisdiction of the board. The Brown Act,
with limited exception, does not allow the board or staff to discuss issues brought forth under Public
Comments. Comments should be limited to 3 minutes per person.
BUSINESS:
1. Adopt Resolution No. 2013-11 Ratifying the Transferring of Housing Functions, Assets and
Obligations of the Successor Agency to the Huntington Beach Housing Authority
Recommended Board Action:
A) Adopt Resolution No. 2013-11, "A Resolution of the Oversight Board of the Successor Agency to
the Redevelopment Agency of the City of Huntington Beach Ratifying Previous Actions Transferring
the Housing Functions, Assets and Obligations of the Successor Agency to the Huntington Beach
Housing Authority."
Huntington Beach Oversight Board
Special Meeting Agenda
May 30, 2013
Page 2 of 3
2. Approve and adopt the minutes of the Oversight Board Special Meeting of September 23, 2013
Recommended Board Action:
Approve and adopt the minutes of the Oversight Board Special Meeting of September 23, 2013, as
written and on file in the office of the Secretary of the Board.
MEMBER REPORTS/ANNOUNCEMENTS:
ADJOURNMENT: The Regular Meeting scheduled for Monday, October 14, 2013, 4:30 PM is CANCELLED.
The next Regular Meeting is scheduled for Monday, April 14, 2014, 4:30 PM at City Hall, 2000 Main
Street, Civic Center Lower Level, Room B-8.
Huntington Beach Oversight Board
Special Meeting Agenda
May 30, 2013
Page 3of3
i
Oversight Board of the Huntington
Beach Successor Agency
to the Redevelopment Agency
Agenda Item # 1
AGENDA REPORT
Oversight Board of the Huntington Beach Successor Agency
to the Redevelopment Agency
MEETING DATE: October 2, 2013
SUBJECT/ACTION: Adopt Resolution Ratifying the Transferring of Housing Functions,
Assets and Obligations of the Successor Agency to the Huntington Beach Housing
Authority
RECOMMENDED ACTION: Motion to:
Adopt Resolution No. 2013-11, "A Resolution of the Oversight Board of the Successor Agency
to the Redevelopment Agency of the City of Huntington Beach Ratifying Previous Actions
Transferring the Housing Functions, Assets and Obligations of the Successor Agency to the
Huntington Beach Housing Authority."
BACKGROUNDIDISCUSSION:
On June 28, 2011, Governor Brown signed Assembly Bill x1 26 (the "Dissolution Act") that
provides for the elimination of redevelopment agencies and tax increment funding throughout
the state and a process for winding down the activities of former redevelopment agencies.
Section 34176(a) of the legislation allows the entity assuming the role of the Successor Housing
Agency to retain the housing assets and functions previously performed by the former
redevelopment agency, excluding any unencumbered amounts on deposit in the Low-and-
Moderate Income Housing Fund (LMIHF).
On March 7, 2011, the City Council transferred certain property, assets and obligations,
including housing activities of the former Redevelopment Agency to the City to complete
redevelopment projects and other related activities.
On January 9, 2012, pursuant to AB x1 26, the City Council of the City of Huntington Beach
elected to be the Successor Agency to the Redevelopment Agency. Pursuant to AB x1 26, the
City Council designated the Huntington Beach Housing Authority ("the Authority") to be the
Successor Housing Agency and transferred all activities, property, assets and obligations to the
Housing Authority. On January 9, 2012, the Huntington Beach Housing Authority adopted
Resolution No. 2012-01 accepting the designation and assets and functions.
On June 27, 2012, Governor Brown signed new legislation, Assembly Bill 1484 ("AB 1484") that
significantly changes and clarifies certain provisions of the Dissolution Act. Among the many
changes, AB 1484 expands the scope of"housing assets" to include:
• any real property acquired for affordable housing purposes regardless of source of
funds, any interest in or restriction on the use of such real property, whether improved or
not, and any personal property within the residences;
® tax increment or other funds encumbered for housing-related enforceable obligations;
• loans, grants receivable, and financial assistance agreements such as Owner
Participation Agreements (OPAs), and Disposition and Development Agreements
(DDAs), utilizing the LMIHF;
• rents and payments from operations of properties acquired for low-and-moderate
income housing purposes; and
• repayments of loans or deferrals owed to the LMIHF.
Transfer of Housing Assets
AB 1484 required that a list of all housing assets previously transferred to the Successor
Housing Agency be submitted to the State Department of Finance (DOF) by August 1, 2012.
Per AB 1484, all non-real property assets transferred to the Successor Housing Agency shall be
maintained in a separate account known as the Housing Asset Fund. All revenues generated
from the housing assets are to be used for the purposes of maintaining, producing, preserving,
or improving affordable housing. The costs of maintaining the real property assets transferred
to the Successor Housing Agency will be funded by the encumbered LMIHF transferred and the
program income generated from the properties.
Per AB 1484, all non-real property assets transferred to the Successor Housing Agency shall be
maintained in a separate account known as the Housing Asset Fund. All revenues generated
from the housing assets are to be used for the purposes of maintaining, producing, preserving,
or improving affordable housing. The costs of maintaining the real property assets transferred
to the Successor Housing Agency will be funded by the encumbered LMIHF transferred and the
program income generated from the properties. Any enforceable obligations approved by the
Oversight Board and DOF related to the housing assets retain their enforceable status.
Housing Assets List
The Successor Agency completed and submitted the Housing Assets Transfer Form. The
attached Housing Assets List contains the assets proposed for transfer from the Successor
Agency to the Successor Housing Agency. The list is broken down as follows:
Exhibit A: Real Property - Includes any real property, interest in, or restriction on the use of real
property acquired for low- and moderate-income purposes, segregated into two types: real
property and covenants.
• Huntington Beach only has one real property-a ground lease on Bowen Court, a senior
low income rental project.
Exhibit B: Personal Property - Includes an affordable housing database and all housing-related
files and loan documents that are considered personal property acquired for low- and moderate-
income housing purposes.
• Desks, chairs, filing cabinets and computers were noted.
Exhibit C: Low-Moderate Encumbrances
• City included Pacific City requirement to produce very-low income units for$6.5 million.
This requirement was denied by Department of Finance.
Exhibit D: Loans/Grants Receivables
• Includes 58 forgivable, non-forgivable and residual receipts notes related to loans made
by the former RDA for a variety of low-and-moderate income housing projects approved
through OPAs, DDAs, rehabilitation agreements, first-time homebuyer programs, etc.
Exhibit E: Rents/Operations - Funds derived from rents or operations of properties acquired for
low-and-moderate income housing purposes, including residual receipt payments and potential
cost saving proceeds from developers, ground leases recorded on properties containing
affordable housing, and revenues derived from real properties listed on Exhibit A.
• Includes 3 residual receipts projects, one is the Bowen Court listed in Exhibit A.
Exhibit F: Rents - Includes rents or other payments from housing tenants or operators of low-
and-moderate income housing financed with any source of funds that are used to maintain,
operate, and enforce the affordability of housing or for enforceable obligations associated with
low- and moderate-income housing.
City does not own any housing property where residents pay rent.
Exhibit G: Deferrals - Requires a listing of all repayments of loans or deferrals owed to the
LMIHF.
There are 3 applicable loans or deferrals to the former RDA's LMIHF. The total amount owed to
the LMIHF is $6,482,388.82.
As stated above on August 31, 2013, the Housing Authority received a letter confirming all items
listed above except for the Pacific City obligation. The attached Resolution ratifies the actions
taken.
Attachments:
1) Resolution No. 2013-11
2) Housing Assets List (including Exhibits A-G)
3) Department of Finance HATS Letter
ATTACHMENT # 1
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO
THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH RESOLUTION NO. 2013711
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH RATIFYING PREVIOUS ACTIONS
TRANSFERRING THE HOUSING FUNCTIONS, ASSETS AND
OBLIGATIONS OF THE SUCCESSOR AGENCY TO THE HUNTINGTON
BEACH HOUSING AUTHORITY
WHEREAS, by operation of Assembly Bill No. 26 (2011-2012 1" Ex. Sess.) as amended
by Assembly Bill No. 1484 (2011-2012 Regular Session) (collectively, the "Dissolution Bills"),
the Redevelopment Agency of the City of Huntington Beach (the "Agency") was dissolved on
February 1, 2012; and
Certain property, assets and obligations of the Agency, including assets and obligations
associated with the housing activities of the Agency were transferred to the City pursuant to
Agency Resolution No. 388 and City Council Resolution No. 2011-17 adopted on March 7,
2011, in order to allow the City to appropriately complete redevelopment projects and other
related activities; and
Pursuant to AB 26, the City Council of the City of Huntington Beach adopted Resolution
No. 2012-01 on January 9, 2012, electing to be the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach (the "Successor Agency"), which is a legal entity that
exists separate and independent of the City of Huntington Beach; and
Pursuant to AB 26, the City Council of the City of Huntington Beach adopted Resolution
No. 2012-02 on January 9, 2012, designating the Huntington Beach Housing Authority (the
"Authority") as the entity responsible for performing the housing functions previously performed
by the Agency and authorizing the transfer of housing assets and functions; and
The Authority adopted Resolution No. 2012-01 on January 9, 2012, accepting the
designation as the entity that will perform the housing functions previously performed by the
Agency and accepting the transfer of housing assets and functions; and
Pursuant to its obligations under the Dissolution Bills, the Successor Agency effectuated
the transfer of all rights, powers, duties, obligations, and housing assets, excluding enforceable
obligations retained by the Successor Agency (collectively, the "Housing Assets and
Obligations"), to the Authority to allow the Authority to appropriately complete the housing
projects and administer the housing functions previously performed by the Agency; and
13-3939/101429.doc 1
Oversight Board Resolution No. 2013-11
By written correspondence dated February 15, 2013, the California Department of
Finance ("DOF") notified the Authority that, with the exception of Exhibit C, Item 1 as more
particularly described therein, it was not objecting to the Housing Assets and Obligations and
transfers thereof included on the Housing Asset Transfer Form submitted to DOF on August 1,
2012 which included the housing assets previously transferred from the Agency to the City; and
The Successor Agency has made a full report to the Oversight Board identifying the
Housing Assets and Obligations and describing the actions the Agency and the Successor
Agency have taken to implement and carry out the transfer of the Housing Assets and
Obligations to the Authority; and
Pursuant to Section 15301 of the State CEQA Guidelines, the transfers of the Housing
Assets and Obligations were exempt from environmental review under CEQA because the
transfers will result in a continuation of existing facilities involving no expansion of use and are
therefore exempt from environmental review, and any future development of the housing assets
will require separate environmental review; and
The transfers of the Housing Assets and Obligations to the Authority were undertaken in
accordance with the requirements of the Dissolution Bills and will accomplish the public
purposes of allowing the Authority to appropriately complete the housing projects and administer
the housing functions previously performed by the Agency; and
All other legal prerequisites to the adoption of this Resolution have occurred.
NOW,THEREFORE, the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows:
1. The Oversight Board hereby finds and determines that the foregoing recitals are
true and correct.
2. The Oversight Board has received and heard all oral and written objections to
matters pertaining to this transaction, and all such oral and written objections are hereby
overruled.
3. A duly noticed public meeting having been held, in conformance with Section
34181 of the Dissolution Bills, the Oversight Board hereby adopts, approves, ratifies and
confirms all actions taken by the Agency and/or Successor Agency and by the staff of the
Agency and/or Successor Agency to implement and carry out the transfers of the Housing Assets
and Obligations to the Authority.
4. The Successor Agency is hereby authorized and directed to take such further
reasonable and necessary actions and sign on behalf of the Oversight Board such further
reasonable and necessary documents first approved in writing by the Successor Agency's
General Counsel as may be appropriate to finalize the transfers of the Housing Assets and
Obligations from the Successor Agency to the Authority.
13-3939/101429.doc 2
Oversight Board Resolution No. 2013-11
5. This Resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED by the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the
�^- day of October, 2013.
Chairman
REVIE D A APPROVED:
ExecpivJ D' ector
APPROVED AS TO FORM:
Agency Counsel N\V
13-3939/101429.doc 3
Res. No. 201341
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON REACH )
I, JOAN FLYNN, Secretary of the Huntington Beach Oversight Board of the
Successor Agency of the Former City of Huntington Beach Redevelopment Agency, Huntington
Beach, California DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Huntington Beach Oversight Board of the Successor Agency of the Former City of Huntington
Beach Redevelopment Agency at a meeting held on October 2, 2013 and that it was so adopted
by the following vote:
i
AYES: Board Members: Boardman, Carchio, Delgado, Fritzal
NOES: Board Members: None
ABSENT: Board Members: Bone, A. Dunn, L. Dunn
ABSTAIN: Board Members: None
i
Secretary of the Huntingtoeach Oversight
Board o' the Successor Agency of the Former
Cityof Huntin on Beach Redevelopment
� p
Agency Huntington Beach, California
ATTAC H ME N T #2
DEPARTMENT OF FINANCE
HOUSING ASSETS LIST
ASSEMBLY BILL X1 26 AND ASSEMBLY BILL 1484
(Health and Safety Code Section 34176)
Former Redevelopment Agency: Huntington Beach Redevelopment Agency
Successor Agency to the Former
Redevelopment Agency: City of Huntington Beach
Entity Assuming the Housing Functions
of the former Redevelopment Agency: Huntington Beach Housing Authority
Entity Assuming the Housing Functions
Contact Name: Kellee Fritzal Title Deputy Director Phone (714)374-1519 E-Mail Address kfritzal(a,surfcity-hb.org
Entity Assuming the Housing Functions
Contact Name: Title Phone E-Mail Address
All assets transferred to the entity assuming the housing functions between February 1,2012 and the date the exhibits were created are included in this housing assets list.
The following Exhibits noted with an X in the box are included as part of this inventory of housing assets:
Exhibit A-Real Property X
Exhibit B-Personal Property X
Exhibit C-Low-Mod Encumbrances X
Exhibit D-Loans/Grants Receivables X
Exhibit E-Rents/Operations X
Exhibit F-Rents X
Exhibit G-Deferrals X
Prepared By: Kellee Fritzal
Date Prepared: 8/1/2012
The Huntington Beach Housing Authority,in its capacity as the successor housing agency to the Huntington Beach Redevelopment Agency,does not intend to waive any constitutional,legal or equitable rights and
expressly reserves any and all rights,privileges,and defenses available under law and equity,including the right to supplement this housing asset Inventory to add any assets that may have been Inadvertently
Exhibit A-Real Property
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Cade section 34176(a)(2)
on c o Via
�s r
s• e o o: q' s b st•cY sr n"co � ny p rd wfQ r.
e n ces i.•-° o r1r� ,vvl q er,RD1 i o - r�bYt L + e 99 of
e a .a ;.9 on i e .. e. a o_s C .e a.?. o _ c A c,,• p e ,.r w' • nds. h ifd"rrrleF RDA %� ;etG
qLandproved Bowen Court/Lots 1-5 of Tract
with CRL 8 HUD 202
1 Moderate Senior No.13920(located at Yorktown NA 32,683 100% Yes requirements 2/1/2012 $885,000 NA NA 2/1 611 9 9 4 Fee Simple
Housing and Lake)
2
3
4
5
6
7
8
9
10
r14
19
20
al Asset types may include low-mod housing,mixed-income housing,low-mod housing with commercial space,mixed-income housing with commercial space.
b/May include California Redevelopment Law,tax credits,stale bond indentures,and federal funds requirements.
Exhibit B-.Personal Property
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
u ed c �r a o is
Sa�
es u o DA no �� a cj sft by;
o .sse':a!_ esc_I tctn`
1 Office Supplies Desks/Chairs n/a 2/1/2012 n/a n/a n/a varies
2 Office Supplies Filing Cabinets n/a 2/1/2012 We n/a n/a varies
3 Office Supplies computers n/a 2/112012 nla a/a We varies
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
al Asset types any personal property provided in residences,including furniture and appliances,all housing-related files and loan documents,office supplies,software licenses,and
mapping programs,that were acquired for low and moderate income housing purposes,either by purchase or through a loan,in whole or in part,with any source of funds.
1) The capitalization threshold of the City is$50,000 therefore there is no carrying value for the personal property listed.
Exhibit C-Low-Mod Encumbrances
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
.a4. _, .. .1_.
` 8 1 O _S .• CO O
0 o i D
e
o o a o
t b e J 4 o e o d u two cb os f co s rue ion or
1 Oe G n o s o f ne e o n8e� wi wn RDA a q sl orr f
nu„ _ a. a .e...e_. co.n e Q c. ,end, ,° coveg?-.t In ..:proP._ Y o es,_' 1p..erDAti nds' t nt�§� o;Pro a
1 Very Low Income Units 10/16/06 Redevelopment 6,500,000.00 Yes(1) CRL Makar NA NA NA NA
Pacific City Agency
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
a/ May include low-mod housing,mixed-income housing,low-mod housing with commercial space,mixed-income housing with commercial space.
bl May include California Redevelopment Law,tax credits,state bond indentures,and federal funds requirements.
11 Housing Authority has a 26 very low income unit obligation for Housing Production Deficit due to Pacific City Project. Owner will provide 51 affordable units on site
Exhibit D-Loans/Grants Receivables
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
it
N.-M
3
�..'a� __ �.O..-. Y_ R 1-M
I Loan Interest Forgiven $25,000.00 10/25/2002 FTHB Program#1 FTHB Program Yes 10/25/2032 5.0%Simple $36,1.71.23
2 Loan-Interest Forgiven $23,000.00 311011994 FTHB Program#2 FTHB Program Yes 3/10/2024 5.0%Simple $43,205.34
3 Loan-Interest Forgiven $25,000.00 10/6/1994 FTHB Program#3 FTHB Program Yes 10/6/2024 5.0%Simple $46,243.15
4. Loan-Interest.Forgiven $25,000.00 6/7/1994 FTHB Program#4 FTHB Program Yes 6/7/2024 5.0%Simple $46,657.53
5 Loan-Interest Forgiven $35,000.00 1130/1996 FTHB Program#5 FTHB Program Yes 1/30/2026 5.0%Simple $62,434.25
6 Loan-Interest Forgiven $35,000.00 2/15/1995 FTHB Program#6 FTHB Program Yes 2/15/2025 5.0%Simple $64,107.53
7 Loan-Interest Forgiven $35,000.00 1/11/2001 FTHB Program#7 FTHB Program Yes 1/11/2031 5.0%Simple $53,765.75
8 Loan-interest Forgiven $35,000.OD 7/2611996 FTHB Program#8 FTHB Program Yes 7/26/2026 5.0%Simple $61,580.82
9 Loan-Interest Forgiven $35,000.00 5/13/2002 FTHB Program#9 FTHB Program. Yes 5/3/2032 5.0%Simple $51,430.82
10 Loan-Interest Forgiven $35,000.00 8/5/2003 FTHB Program#10 FTHB Program Yes 7/7/2041 5.0%Simple $49,278.08
11 Loan-Interest Forgiven $35,000.00 6/18/1999 FTHB Program#11 FTHB Program Yes 8/26/2033 5.0%Simple $56,513.01
12 Loan-Interest Forgiven $35,000.00 2/11/1997 FTHB Program#12 FTHB Program Yes 2/11/2027 5.0%Simple $60,621.92
13 Loan-Interest Forgiven $35,000.00 516/1997 FTHB Program#13 FTHB Program Yes 5/6/2027 5.0%Simple $60,219.18
14 Loan-Interest Forgiven $$5,000.00 4/26/1995 FTHB Program#14 FTHB Program Yes 4/26/2025 5.0%Simple $63,771.92
15 Loan-Interest Forgiven $35,000.00 4/12/1996 FTHB Program#15 FTHB Program Yes 4/12/2026 5.0%Simple $62,084.25
16 Loan $65,800.00 7/7/2011 DPA Program DPA Program Yes 7/7/2041 0.00% $65,800.00
17 Loan $71,090.00 5/20/2011 DPA Program#2 DPA Program Yes 5/20/2041 0.00% $71,090.00
18 Loan $75,000.00 6/16/2010 DPA Program#3 DPA Program Yes 6/16/2040 0.00% $75,000.00
19. Loan $93,000.00 10/1212010 DPA Program#4 DPA Program Yes 10/12/2040 0.00% $93,000.00
20 Loan $74,000.00 1/22/2010 DPA Program#5 DPA Program Yes 1/22/2010 0.00% $74,000.00
21 Loan $82,000.00 12I29/2010 DPA Program#6 DPA Program Yes 12/29/2010 0.00% $82,000.00
22 Loan $90,400.00 6/7/2011 DPA Program#7 DPA Program Yes 6/7/2041 0.00% $90,400.00
23 Loan $94,200.00 2/25/2010 DPA Program#8 DPA Program Yes 2/2512040 0.00% $94,200.00
I
Exhibit D-Loans/Grants Receivables
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
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24 Loan $100,000.00 02/22/2010 DPA Program#9 DPA Program Yes 2/22/2040 0.00% $100,000.00
25 Loan $41,000.00 3/2/2011 DPA Program#10 DPA Program Yes 3/2/2041 0.00% $41,000.00
26 Loan $65,000.00 12/28/2009 DPA Program#11 DPA Program Yes 12/28/2039 0.00% $65,000.00
27 Loan $100,000.00 10/13/2010 DPA Program#12 DPA Program Yes 10/13/2040 0.00% $100,000.00
28 Loan $67,000.00 2/25/2011 DPA Program#13 DPA Program Yes 2/25/2041 0.00% $67,000.00
29 Loan $93,980.00 4/6/2011 DPA Program#14 DPA Program Yes 4/6/2041 0,00% $93,980,00
30 Loan $77,800.00 7/19/2011, DPA Program#15 DPA Program Yes 7/19/2041 0.00% $77,800.00
31 Loan $80,000.00 4/1/2010 DPA Program#16 DPA Program Yes 4/1/2040 0.00% $80,000.00
32 Loan $91,600.00 3/31/2011 DPA Program#17 DPA Program Yes 3/31/2041 0.00% $91,600.00
33 Loan $64,212.00 7/15/2011 DPA Program#18 DPA Program Yes 4/15/2041 0.00% $64,212.00
34 Loan $81,000.00 4/20/2011 DPA Program#19 DPA Program Yes 4/20/2041 0,00% $81,000.00
35 Loan $79,800.00 1/5/2010 DPA Program#20 DPA Program Yes 1/5/2040 0.00% $79,800.00
36 Loan $71,000.00 8/22/2010 DPA Program#21 DPA Program Yes 8/22/2010 0.00% $71,000.00
37 Loan $97,600.00 2/15/2011 DPA Program#22 DPA Program Yes 2/15/2041 0.00% $97,600.00
38 Loan $92,780.00 7/18/2011 DPA Program#23 DPA Program Yes 7/18/2041 0.00% $92,780.00
39 Loan $50,210.00 12/23/2009 DPA Program#24 DPA Program Yes 12/23/2039 0.00% $50,210.00
40 Loan $68,980.00 4/6/2011 DPA Program#25 DPA Program Yes 4/6/2041 0.00% $68,980.00
41 Forgivable Loan $1,200,734.00 8/31/1989 Sher Lane Apartments/VPM Rental Units Yes 8/31/2028 0.00% $680,415.93
Sher Lane,LP
42 Residual Receipts Loan 4/ $1,220,000.00 6/1/2001 Huntington Pointe Apartments/ Rental Units Yes 6/1/2061 3%Simple $1,595,726.58
KDP QV,LP
43 Residual Receipts Loan 4/ $2,223,400.00 11/1/2003 Hermosa Vista 1 KDF Communities Rental Units Yes 11/1/2063 3%Simple $2,747,147.76
Jamboree Ie
44 Residual Receipts Loan 4/ $485,000.00 12/8/2006 JHC-OakviewLC,LLC Kaledo)
/ Rental Units Yes 12/8/2066 0.00% $479,189.02
Exhibit D-Loans/Grants Receivables
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
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5 Residual Receipts Loan 4/ $780,000.00 1 8/13/2007 Jamboree 116(17362 Koledo)JHC-Oakview,LLC / Rental Units Yes 8/13/2067 0.00% $597,078.78
46 Residual Receipts Loan 4/ $607,952.00 11/19/2007 Jamboree IIIB(17362 Jacquelyn) Rental Units Yes 11/19/2067 0,00% $607,530.87
/JHC-Oakview,LLC
47 Residual Receipts Loan $960,975.84 3/9/2009 Jamboree IVB(17442 Koledo)/ Rental Units Yes 3/9/2069 0.00% $960,975.84
JHC-Oakview,LLC
OCCHC-11 th Street/Orange
48 Loan $635,000.00 12/23/1993 County Community Housing Rental Units Yes 12/23/2023 0,00% $635,000.00
Corporation
49 Forgivable Loan $446,000.00 5/2/1996 Sea Aire Apartments/Yaron&Yael Levy Rental Units Yes 5/2/2026 Prime+150 $352,616.75
OCCHC-Koledo IV/Orange
50 Residual Receipts Loan 4/ $570,000.00 9/5/2000 County Community Housing Rental Units Yes 9/5/2060 6%Simple $773,961.18
Corporation
OCCHC-Koledo V/Orange
51 Residual Receipts Loan 4/ $285,000.00 12/18/2000 County Community Housing Rental Units Yes 12/18/2060 6%Simple $212,142.39
Corporation
52 Residual Receipts Loan $900,000.00 2/1/2002 Bowen Court Senior Apartments/ Rental Units Yes 2/1/2062 3%Simple $1,062,085.60
Bowen Court,LP.
Fountains Senior Apartments/
53 Forgivable Loan $2,000,000.00 11/13/2002 FG Seacliff Senior Apartments, Rental Units Yes 11/13/2062 5%Simple $1,926,593.12
LP
54 Forgivable Loan $400,000.00 9/1/2004 Colette's-Cypress/Colette's Rental Units Yes 9/1/2064 0.00% $353,333.33
Children's Home
55 Forgivable Loan $545,000.00 5/15/2006 Colette's-Glencoe/Colette's Rental Units Yes 5/15/2066 0.00% $499,583.33
Children's Home
56 Residual Receipts Loan $2,262,833.00 12/15/2008 Colette's-Keelson/Colette's Rental Units Yes 12/15/2068 0.00% $2,134,159.39
Children's Home
Exhibit D-Loans/Grants Receivables
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
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57 Residual Receipts Loan $8,784,224.00 8/1/2008 Pacific Court B/Pacific Court Rental Units Yes 8/1/2068 0.00% $8,784,224.00
Apartments,LP
58 Residual Receipts Loan $8,000,000.00 6/15/2010 Em raid Cove/JHC-Acquisitions Rental Units Yes 6/15/2070 3%Simple $8,252,064.10
This Exhibit incorporate items on E and F by reference
1/ The forgiveness of'Forgivable Loans'is based on performance.
2/ The names of the private parties that have entered into loans through the First Time Home Buyer(FTHB)and/or Down Payment Assistance(DPA)Programs are on record with the Housing Successor and are
available for review by DOF.
3/ Audited outstanding balance provided as of 9/30/11 for non-forgivable loans.
4/ Set-Aside funds were used as matching funds for the federal HOME program. However, 100%of the residual receipts payments are deposited into the City's HOME account per Federal Regulations.
Exhibit E-Rents/Operations
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
e fi 1 $ of.
"Successor
A� o u In r r , -.c enaceipts Low-Mod Housing JHC-Oakview,LLC Housin Successor Low-Mod Housing Yes Set-Aside NA
2 Residual Recei is Low-Mod Housin Bowen Cou t,LP Housing Successor Low-Mod Housing Yes Set-Aside NA
3 Residual Receipts Low-Mod Housin JHC-Acquisitions,LLC I Housing Successor ]Housing Successor Low-Mod Housing Yes Set-Aside NA
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
This Exhibit incorporate items on C and F by reference
a/ May include revenues from rents,operation of properties,residual receipt payments from developers,conditional grant repayments,costs savings and proceeds from refinancing,and principal and interest payments
from homebuyers subject to enforceable income limits.
b/ May include low-mod housing,mixed-income housing,low-mod housing with commercial space,mixed-income housing with commercial space.
c/May include California Redevelopment Law,tax credits,state bond indentures,and federal funds requirements.
Exhibit F-Rents
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
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1 Ground Lease Pa ment Bowen Coud•Affordable Apartments Housing Successor Housing Successor Housing Successor Low-Mod Housing Yes Set-Aside 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
This Exhibit incorporate items on D and E by reference
a/ May include rents or home loan payments.
b/ May include low-mod housing,mixed-income housing,low-mod housing with commercial space,mixed-income housing with commercial space.
c/May include California Redevelopment Law,tax credits,state bond indentures,and federal funds requirements.
Exhibit G-Deferrals
City of Huntington Beach
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
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f....
Health and Safety
Code Sections 33690
1 c)(1) 2009-10 3,227,706.00 1.42 3288548.50 2014-16
Health and Safety
Code Sections
2 33690.5(c)(1) 2010-11 700,000.00 1.3 703,412.50 2015-16
3 Loan 1993-94 1,362,614.00 3.54 2,490,427.82 2020-21
4
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
(1)Interest is based on LAIF interest paid to City-amounts varies from 1.3%to 3.8%over the years
ATTACHMENT #3
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DEPARTMENT OF EDMUND G. BROWN JR. - GOVERNOR
FINANCE 91 S L STRairr■ 9A13RAMENT13 CA■95014-3706■WWW.00r.0A.130Y
August 31, 2012
Ms. Kellee Fritzal, Deputy Director
Huntington Beach Housing Authority
City of Huntington Beach
2000 Main Street
Huntington Beach, CA 92648-2702
Dear Ms. Fritzal:
Subject: Housing Assets Transfer Form
Pursuant to Health and Safety Code(HSC)section 34176(a)(2), the Huntington Beach
Housing Authority submitted a Housing Assets Transfer Form(Form)to the California
Department of Finance(Finance)on August 1, 2012 for the period February 1, 2012 through
August 1, 2012.
HSC section 34176(e)defines a housing asset. Assets transferred deemed not to be a housing
asset shall be returned to the successor agency. Finance has completed its review of your
Form,which may have included obtaining clarification for various items. Based on a sample of
line items reviewed and the application of law, Finance is objecting to the following asset or
transfer of asset identified on your Form:
Exhibit C, Item 1 —An encumbrance related to an Owner Participation Agreement(OPA)
between the former redevelopment agency and Makallon Atlanta Huntington Beach, LLC. Per
Oversight Board Resolution 2012-04, this OPA has been terminated. Therefore, this
encumbrance no longer exists.
Except for items disallowed as noted above, Finance is not objecting to the remaining items, if
any, listed on your Form. If you disagree with our determination with respect to any items on
the Form, you may request a Meet and Confer within five business days of receiving this letter.
Please direct inquiries to Nichelle Thomas, Supervisor or Wendy Griffe, Lead Analyst at
(916)445-1546.
Sincerely,
4/STEVE SZALAY
Local Government Consultant
CC. Lori Ann Farrell, Director of Finance, City of Huntington Beach
Frank Davies, Administrative Manager, Orange County
California State Controller's Office
Oversight Board of the Huntington
Beach Successor Agency
to the Redevelopment Agency
Agenda Item 2
Special Meeting Minutes
City of Huntington Beach Oversight Board of the Successor Agency
of the Former City of Huntington Beach Redevelopment Agency
Monday, September 23, 2013
4:00 PM - Room B-8
Civic Center, 2000 Main Street
Huntington Beach, California 92648
TELECONFERENCING LOCATION:
(BOARD MEMBER LUCY DUNN)
2 PARK PLAZA, SUITE 100
IRVINE, CA 92614
CALL TO ORDER—4:06 PM by Chair Connie Boardman
ROLL CALL
PRESENT: Chair Boardman, Vice Chair Carchio (arrived,-
4:10 PM), Fritzal, Delgado"and Bone
ABSENT: A. Dunn and L. Dunn.-
Board Member L. Dunn was scheduled to teleconference into the meeting. The Board was unable to
reach her via phone at the start of the meeting, and since a quorum'was present, th'emeetingwas called
to order without Ms. Dunn.
PLEDGE OF ALLEGIANCE- Led by Chair Connie.Boardman
SUPPLEMENTAL COMMUNICATIONS
Pursuant to the Brown "Open Meetings";-Act, Senior Deputy (Acting Secretary) Rebecca Ross
announced there were no supplementa.[16ommunications received after distribution of the agenda packet.
PUBLIC COMMENTS - (Limited to 3 minutes per person): None
BUSINESS
Adopted Oversight Board Resolution No6s,.,2013-09 and 2013-10 approving the Recognized
Obligation Payment,Schedule (ROPS) and Administrative Budget for the Huntington Beach
Successor Agency`for the period ofJanuary 1, 2014 through June 30, 2014 in accordance with
Health and Safety Code,Section 34177
There being no discussion and no questions, a motion was made by Boardman, second Delgado to
adopt Resolution No. 2013-09, "A Resolution of the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach Approving the Recognized Obligation Payment
Schedule for the Period January 1, 2014 through June 30, 2014 ("ROPS 13-14B")." The motion carried
by the following vote:
AYES: Chair Boardman, Vice Chair Carchio, Fritzal,
Delgado and Bone
NOES: None
ABSENT: A. Dunn and L. Dunn
Board member Bone recused himself from discussion and votes on items#2 (Hyatt Regency Project)
and #13 (Hyatt/Hilton Properties).
There being no discussion and no questions, a motion was made by Boardman, second Delgado to
adopt Resolution No. 2013-10, "A Resolution of the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach Approving the Successor Agency Administrative
Budget for the Period January 1, 2014 through June 30, 2014." The motion carried by the following vote:
AYES: Chair Boardman, Vice Chair Carchio, Fritzal,
Delgado and Bone
NOES: None
ABSENT: B. Dunn and L. Dunn
Approved and adopted the minutes of the Oversight Board Special Meeting of May 30, 2013 as
written and on file in the office of the Secretary of the Board.
A motion was made by Vice Chair Carchio, second Bone to approve and adopt the minutes of the
Oversight Board Special Meeting of May 30, 2013 as written and on file in the office of the Secretary of
the Board. The motion carried by the following vote:
AYES: Vice Chair Carchio, Fritzal, Delgado and Bone
NOES: None
ABSTAIN: Chair Boardman
ABSENT: A. Dunn and L. Dunn
MEMBER REPORTS/ANNOUNCEMENTS: None
ADJOURNMENT: The meeting was adjourned at 4:13 PM. The meeting was adjourned to a Special
Meeting on Wednesday, October 2, 2013, at 4:00 PM at City Hall, 2000 Main Street, Civic Center Lower
Level, Room B-8.
The next Regular Meeting is scheduled for Monday, October 14, 2013, at 4:30 PM, City Hall, 2000 Main
Street, Civic Center Lower Level, Room B-8.
Joan L. Flynn
Secretary of the Huntington Beach
Oversight Board of the Successor
Agency of the Former City of
Huntington Beach, California
Redevelopment Agency
Connie Boardman
Chair of the Huntington Beach
Oversight Board of the Successor
Agency of the Former City of
Huntington Beach, California
Redevelopment Agency
Huntington Beach Oversight Board
Special Meeting Minutes
September 23, 2013
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