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HomeMy WebLinkAbout2008/2009 State Controller's Report - Redevelopment Agency . S7-0 �. Council/Agency Meeting Held:_ Deferred/Continued to: ).Apnrpveo ❑ Conditionally Approved ❑ Denied Cit ler ignatu Council Meeting Date: April 19, 2010 Department ID Number: ED 10-17 CITY OF HUNTINGTON BEACH REQUEST FOR REDEVELOPMENT AGENCY ACTION SUBMITTED TO: HONORABLE CHAIRMAN AND REDEVELOPMENT AGENCY MEMBERS SUBMITTED BY: FRED A. WILSON, EXECUTIVE DIRECTOR PREPARED BY: STANLEY SMALEWITZ, DEPUTY EXECUTIVE DIRECTOR SUBJECT: Receive and File 2008/09 State Controller's Report Statement of Issue: Section 33080.1 of the State of California Health and Safety Code requires that the Redevelopment Agency (Agency) prepare an Annual Report that is sent to the State Controller's Office within 180 days following the end of the public entity's fiscal year. Financial Impact: Not applicable. Redevelopment Agency Recommended Action: Motion to: Receive and File the 2008-2009 State Controller's Report. Alternative Action(s): Not Applicable. Item 14. - Page 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 4/19/2010 DEPARTMENT ID NUMBER: ED 10-17 Analysis: The Redevelopment Agency (Agency) has a statutory requirement to annually submit its State Controller's Report to the State Controller's Office (SCO). The report that was submitted to the State on March 29, 2010, is comprised of information regarding the Agency's financial transactions, blight progress, as well as loan, property, and housing activities for the fiscal year 2008/2009., A copy of the Agency's audit is also sent to the State Controller as part of the report. There are no exceptions or areas of non-compliance that were identified in the audit for fiscal year 2008/2009. This information is used at the State level to monitor the Agency's activities and report on the progress of redevelopment, affordable housing projects, and financing throughout California. For the fiscal year of 2008/09, a noted accomplishment includes the completion of the CIM project, "The Strand", which is a mixed-use, downtown development comprised of 110,000 square feet of office, retail, restaurant, and hotel space, and a 410-space parking structure. The Strand provides visitors with a comfortable, safe route between The Strand and Main Street, and compliments the bustling downtown area. Since its soft opening in 2008, this project has created over 150 new employee positions. Other steps taken by the Agency in an effort to revitalize the local economy include loans and grants for continued repair and operation of the electronic reader board. The Reader Board is used predominantly by the auto dealers located along Beach Boulevard to enhance their exposure. The Agency also supports and helps with marketing tactics proposed by the Marketing and Visitors Bureau, and the purchase of specially designed bollards to ensure a safe, pedestrian friendly downtown on Surf City Nights on Tuesdays, as well as other special events in the downtown. In the Southeast Redevelopment Project Area, the Agency continues to work with Edison, CalTrans, and the California State Beaches Department to underground the Edison utilities along Pacific Coast Highway. During fiscal year 2008/2009, there were six affordable housing projects developed within the City of Huntington Beach using Redevelopment Agency Set-Aside Funds specifically allocated for the creation of affordable housing: • Acquisition of the Patterson Lane Site • Jamboree Housing I, II, III, and IV • Garfield/Delaware, Heil Affordable Housing Project • Colette's Children Home Keelson Lane • Pacific Court Apartments • City of Huntington Beach First Time Homebuyers Downpayment Assistance Program (DPAP) The Economic Development and Finance Department staff jointly prepared the report, which has been sent before the required submission date of March 30, 2010. Item 14. - Page 2 REQUEST FOR COUNCIL ACTION MEETING DATE: 4/19/2010 DEPARTMENT ID NUMBER: ED 10-17 Environmental Status: Not applicable. Strategic Plan Goal: Maintain financial viability and our reserves Attachment(s): . Destriptidn 1. 2008-2009 State Controller's Report Item 14. - Page 3 ATTACHMENT # 1 _ • -. ��1 .. 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Rt f�Jla��7� 1< REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH, CALIFORNIA s s r t F r e _ � s COMPONENT UNIT FINANCIAL REPORT WITH REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS FOR THE YEAR ENDED SEPTEMBER 30, 2009 Prepared by the Finance Department Item 14. - Page 6 TABLE OF CONTENTS Independent Auditors' Report......................................................................................... 1-2 Management's Discussion and Analysis .......................................................................3-11 Basic Financial Statements: Government-Wide Financial Statements: Statementof Net Assets...........................................................................................12 Statementof Activities..............................................................................................13 Fund Financial Statements: Balance Sheet— Governmental Funds................................................................14-15 Reconciliation of the Balance Sheet of Governmental Funds to the Statement ofNet Assets............................................................................................................17 Statement of Revenues, Expenditures, and Changes in Fund Balances GovernmentalFunds...........................................................................................18-19 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities.....................20 Notes to Financial Statements.....................................................................................21-40 Calculation of Low-Moderate Income Housing Funds — Excess Surplus..........................41 Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards....................................42-43 Item 14. - Page 7 DIEHL, EVANS & COMPANY, LLP CERTIFIED PUBLIC ACCOUNTANTS&CONSULTANTS MICHAEL K LUDIN,CPA A PARTNERSHIP INCLUDING ACCOUNTANCY CORPORATIONS CRAIG W.SPRAKEIC CPA NITIN P.PATEL,CPA ROBERT J CALLANAK CPA 5 CORPORATE PARK,SUITE 100 *PHIISP a HOLTKAMP,CPA CPA IRVINE,CALIFORNIA 92606-5165 •xHAAGR�j SCHROOFDERR,PA (949)399-0600•FAX(949)399-0610 KENNETH K AMES,CPA www.diehievans.com WILLIAM C.PENT7,CPA •A PROFESSIONAL CORPORATION March 15, 2010 INDEPENDENT AUDITORS'REPORT Board of Directors Redevelopment Agency of the City of Huntington Beach Huntington Beach, California We have audited the accompanying financial statements of the governmental activities and each major fund of the Redevelopment Agency of the City of Huntington Beach, a component unit of the City of Huntington Beach, California as of and for the year ended September 30, 2009, which collectively comprise the Agency's basic financial statements, as listed in the table of contents. These basic financial statements are the responsibility of the Agency's management. Our responsibility is to express opinions on these basic financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Controller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the basic financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Agency's internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall basic financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the basic financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the Agency as of September 30, 2009, and the-respective changes in financial position thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. - 1 - OTHER OFFICES AT: 2965 ROOSEVELT STREET 613 W.VALLEY PARKWAY,SUITE 330 CARLSBAD,CALIFORNIA 92008-2389 ESCONDIDO,CALIFORNIA 92025-2598 (760)729-2343•FAX(760)729-2234 (760)741-3141•FAX(760)741-9890 Item 14. - Page 8 As described in Note 111 to the financial statements,the Agency adopted the provisions of Government Accounting Standards Board Statement No. 54, "Fund Balance Reporting and Governmental Fund Type Definitions" in 2009. In accordance with Government Auditing Standards, we have also issued our report dated March 15,2010 on our consideration of the Agency's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. The information identified in the accompanying table of contents as management's discussion and analysis is not a required part of the basic financial statements, but is supplementary information required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the supplementary information. However, we did not audit the information and express no opinion on it. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Agency's basic financial statements. The calculation of the excess surplus of the Low-Moderate Income Housing Fund is presented for additional analysis and is not a required part of the basic financial statements. This information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole -2 - Item 14. - Page 9 Redevelopment Agency of the City of Huntington Beach _ Management's Discussion and Analysis For the Year Ended September 30, 2009 This discussion and analysis of the Redevelopment Agency of the City of Huntington Beach's (the Agency) financial performance provides an overview of the Agency's financial activities for the fiscal year ended September 30, 2009. Please read it in conjunction with the accompanying basic financial statements and the notes to those financial statements. THE FINANCIAL STATEMENTS The financial statements presented include activities of the Agency using the integrated approach as prescribed by the Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements and Management's Discussion and Analysis - for State and Local Governments. The financial statements include the Statement of Net Assets and the Statement of Activities. Notes to the financial statements and certain required supplementary information covered in this section are designed to support both statements. All sections must be considered together to obtain a complete understanding of the financial position of the Agency. Statement of Net Assets — The Statement of Net Assets includes all assets and liabilities of the Agency with the difference between the two reported as net assets. Assets and Liabilities are reported at their book value on an accrual basis as of the statement date. It also identifies major categories of restrictions on the net assets of the Agency. Statement of Activities — The Statement of Activities presents the revenues earned and expenses incurred during the year on an accrual basis. These two statements report the Agency's net assets and changes in them. Net assets are the difference between assets and liabilities, which is one way to measure the financial health, or financial position. FUND FINANCIAL STATEMENTS The Agency uses fund accounting. A fund is defined as an independent fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources together with all related liabilities and residual equities or balances and changes therein. Funds are established in order to comply with State law, bond covenants, other special regulations, restrictions, limitations or legal responsibilities, or simply as a tool for managing the Agency's resources. The fund financial statements provide detailed information about the most significant funds — not the Agency as a whole. These funds are reported using the modified accrual basis of accounting rather than on the full accrual basis. In the modified accrual basis, revenues are recognized in the period in which they are both measurable and available to finance expenditures of the current period. Revenues are recorded when received in cash, except that revenues subject to accrual (generally 60 days after year-end) are recognized when due. See Independent Auditor's Report and Notes to the Financial Statements 3 Item 14. - Page 10 Redevelopment Agency of the City of Huntington Beach Management's Discussion and Analysis For the Year Ended September 30, 2009 The primary revenue sources, which have been treated as susceptible to accrual by the Agency, are property tax, other taxes, investment income, and other income. Expenditures are recorded in the accounting period in which the related fund liability is incurred. The differences between the Governmental Fund financial statements and the Government- Wide financial statements are explained in the reconciliation following each Governmental Fund financial statement. GOVERNMENT-WIDE FINANCIAL ANALYSIS The Agency's combined net assets for the year ended September 30, 2009 was ($66,734,000). Under state law, the Redevelopment Agencies' primary sources of revenue are tax increments derived from increases in public and private investments resulting from improvements of properties that fall within the boundaries of a redevelopment project. These tax increment revenues are not sufficient to finance the activities of the Agency; therefore, the Agency usually issues bonds. These bonds are to be repaid over time solely from tax increments revenues. Redevelopment Agencies can only collect property tax increments to the extent it has debt on its books. The table below is a summary of key items in the Government-Wide Financial Analysis (in thousands): See Independent Auditors Report and Notes to the Financial Statements 4 Item 14. - Page 11 Redevelopment Agency of the City of Huntington Beach _ Management's Discussion and Analysis For the Year Ended September 30, 2009 Percent Increase Increase 2009 Amount 2008 Amount (Decrease) (Decrease) Assets Current and Other Assets $ 46,429 $ 50,248 $ (3,819) -7.6% Capital Assets 56,718 19,835 36,883 185.9% Total Assets 103,147 70,083 33,064 47.2% Liabilities Current Liabilities 25,403 22,303 3,100 13.9% Debt Payable to City of Huntington Beach 88,597 84,936 3,661 4.3% Long-Term Liabilities Payable within one year 1,610 1,530 80 5.2% Long-Term Liabilities 54,271 48,296 5,975 12.4% Total Liabilities 169,881 167,065 12,816 8.2% Net Assets Invested in Capital Assets- Net of Related Debt 38,867 17,153 21,714 126.6% Restricted 516 5,113 (4,597) -89.9% Unrestricted (106,117) (109,248) 3,131 -2.9% Total Net Assets (66,734) (86,982) 20,248 -23.3% Expenses Economic Development (11,214) 17,871 (29,085) N/A City Attorney 141 110 31 28.2% Community Services 345 36 309 858.3% Public Works 157 218 (61) -28.0% Non-departmental and Transfers 351 183 168 91.8% Interest 11,524 6,580 4,944 75.1% Total Expenses 1,304 24,998 (23,694) -94.8% Revenues Property Taxes 18,371 17,448 923 5.3% Use of Money and Property 2,192 2,127 65 3.1% From Other Agencies 843 - 843 NIA Other 3,650 35 3,615 N/A Total Revenue 25,056 19,610 5,446 27.8% Excess of Revenue over Expense 23,752 (5,388) 29,140 N/A Net Assets-Beginning of Year (86,982) (81,594) (5,388) 6.6% Net Assets-End of Year(Deficit) $ (66,734) $ (86,982) $ 20,248 -23.3% The Capital Assets and Invested in Capital Assets - Net of Related Debt increased due to the conveyance of the Strand Parking structure ($29,903,000) to the Agency in April 2009. A portion of the parking structure was donated by the developer to the Agency, which offset the Economic Development expense in the Statement of Activities. See Independent Auditor's Report and Notes to the Financial Statements rJ Item 14. o Page 12 Redevelopment Agency of the City of Huntington Beach Management's Discussion and Analysis For the Year Ended September 30, 2009 FUND FINANCIAL ANALYSIS Below is an analysis of the Agency's various fund financial activities (in thousands): Percent Increase Increase 2009 Amount 2008 Amount (Decrease) (Decrease) Huntington Beach Project Area#1 Total Assets $ 13,359 $ 18,264 $ (4,905) -26.9% Total Liabilities 1,832 2,340 (508) -21.7% Net Assets 11,527 15,924 (4,397) -27.6% Revenues 1,420 1,446 (26) -1.8% Expenditures 14,667 7,469 7,198 96.4% Southeast Coastal Project Area Total Assets 1 - 1 NIA Total Liabilities 455 261 194 74.3% Net Assets (454) (261) (193) 73.9% Revenues 343 - 343 N/A Expenditures 536 71 465 654.9% Low-Income Housing Fund Total Assets 36,286 29,252 7,034 24.0% Total Liabilities 24,269 21,054 3,215 15.3% Net Assets 12,017 8,198 3,819 46.6% Revenues 4,189 505 3,684 729.5% Expenditures 4,047 8,378 (4,331) -51.7% Debt Service Fund-Huntington Beach Project Total Assets 7,521 6,985 536 7.7% Total Liabilities 3,774 4,327 (553) -12.8% Net Assets 3,747 2,658 1,089 41.0% Revenues 18,964 17,002 1,962 11.5% Expenditures 14,222 11,518 2,704 23.5% Debt Service Fund-Southeast Coastal Project Total Assets 1,044 1,299 (255) -19.6% Total Liabilities 302 302 - N/A Net Assets 742 997 (255) -25.6% Revenues 154 238 (84) -35.3% Expenditures 385 43 342 795.3% Expenditures for the Huntington Beach Project Area #1 and Southeast Coastal Project Area increased by $7,198,000 and $465,000 respectively due to capital improvement costs that include the development of the Strand public parking structure and street improvement projects benefitting the Southeast Coastal area. Total Assets for the Low-Income Housing Fund increased by $7,034,000 due to the Set-Aside Loan Receivables. See Independent Auditor's Report and Notes to the Financial Statements 6 Item 14. - Page 13 Redevelopment Agency of the City of Huntington Beach _ Management's Discussion and Analysis h. . For the Year Ended September 30, 2009 DEBT ADMINISTRATION A summary of the Agency's debt at year-end is (in thousands): Percent Increase Increase 2009 Amount 2008 Amount (Decrease) (Decrease) Debt Payable to City of Huntington Beach $ 88,597 $ 84,936 $ 3,661 4.3% Bonds Payable 22,400 23,660 (1,260) -5.3% Notes Payable 4,455 4,725 (270) -5.7% Disposition and Development Agreement 28,919 21,342 7,577 35.5% Other Debt 107 99 8 8.1% Total Debt $ 144,478 $ 134,762 $ 9,716 7.FT. Changes to the Agency's long-term debt are discussed in further detail in Note 7 of the Financial Statements. CAPITAL ASSETS The Agency's capital assets for the year ended September 30, 2009 are $47,056,000, which consists of land ($17,153,000) and the Strand parking structure ($29,903,000) conveyed to the agency in April 2009_ These amounts are recorded as part of the net capital assets of the Agency in the Government-Wide Financial Statements. The Agency's capital asset activity is further illustrated in Note 5 of the Financial Statements. OTHER INFORMATION Below are descriptions of the some of the Agency's activities during the year. Huntington Beach (Merged Project Area) The Strand is a mixed-use project developed by CIM Group on a 3-acre site in the downtown area. The Strand offers approximately 110,000 square feet of retail and office space. The Shorebreak Hotel is a 157-room luxury boutique hotel operated by Joie de Vivre Hospitality. Ample parking is available in a subterranean structure. Retail tenants include Forever 21, G by Guess, Sketchers, CVS, Marilee's Swimwear, Rip Curl, and Active Ride. Dining options include Johnny Rockets, RA Sushi, and New Zealand Natural Ice Cream. Portions of the retail development and parking structure opened in November 2008 and the hotel opened in April 2009. The office space will be occupied by June 2010. Pacific City is being developed by Makar Properties on a 31-acre site at Pacific Coast Highway and First Street. A Community Facilities District is proposed to fund the majority of the public works improvements. There will be 516 upscale residential housing units See Independent Auditor's Report and Notes to the Financial Statements 7 Item 14. - Page 14 Redevelopment Agency of the City of Huntington Beach Management's Discussion and Analysis For the Year Ended September 30, 2009 built in four phases, ranging from 969 to 2,500 square feet. The residential village, totaling 17.2 acres and consisting of four distinct styles, will act as the cornerstone of Pacific City, allowing residents close access to shops, restaurants with 48,900 square feet of restaurant space and 30,000 square feet of office space. This community will encompass 191,000 square feet of the retail center featuring luxurious retail brands, prime office space, dining, and entertainment. Pacific City is expected to open in late 2014. The "W' is the hotel operator for the boutique hotel that will feature 157 rooms and is expected to open by 2015, and will be the first W hotel in Orange County and the first oceanfront W. Surf City Plights is a street fair/farmer's market that takes place between 5 p.m. - 9 p.m. on Tuesday nights on the first three blocks of downtown Main Street between Pacific Coast Highway and Orange Avenue. The Downtown Business Improvement District maintains the Surf City Nights where residents and visitors regularly take an evening stroll and dine at local restaurants. The street fair includes a farmer's market, live entertainment, children's activities, retail sales, food, arts, and crafts. Bella Terra I — Formerly known as Huntington Center has been transformed into an entertainment/life style center; this was an outdated 56.5-acre retail property. With the approval of the Second Implementation Agreement on September 17, 2007, the Agency was required to commence payment of its obligation of $15 million to the developer. The balance of these obligations is $14,227,000 as of September 30, 2009. The approximate 1,532 space public parking garage, funded by the Community Facilities District 2003-1 (Huntington Center), opened on October 1, 2005. Bella Terra 11 — Bella Terra Associates, LLC purchased the former Montgomery Wards 13.5 acre portion of the site that has been left vacant for a number of years. DJM Capital has amended the specific plan and environmental impact report and has been entitled to develop The Crossings at Bella Terra, a mixed-use project that will consist of 156,000 square feet of retail and 503-700 residential units. Negotiations continue to assist the developer in commencing the development of the project within the next two years. Specific and Economic Revitalization Plan for Beach Boulevard and Edinger Corridor — The Agency/City commenced the preparation of an Economic Revitalization Strategic Plan to enhance and maximize the potential of these major thoroughfares. The analysis is supporting the proposed land-use changes that are based upon economic trends and community goals. Community meetings, meetings with property owners, and interested parties were conducted over the last two years. The Beach Edinger Specific Plan Environmental Impact Report has been forwarded to the Planning Commission for approval and will then be forwarded to the City Council in March 2010 for adoption. Downtown Specific Plan (DTSP) and Downtown Parking Master Plan — The Agency hired consultants to update the Downtown Specific Plan (DTSP) and Downtown Parking Master Plan (DPMP). The update will assist in the redevelopment of blighted and/or underutilized parcels_ The DTSP will develop land use provisions and urban design guidelines that support and encourage a mixed-use development community. Community, property owners, and interested parties meetings were held and the See Independent Auditor's Report and Notes to the Financial Statements 8 Item 14. - Page 15 Redevelopment Agency of the City of Huntington Beach _ Management's Discussion and Analysis For the Year Ended September 30, 2009 environmental review process was conducted. The Planning Commission approved the Downtown Specific Plan and Environmental Impact Report and the City Council held the Public Hearing in November 2009. The Hyatt Regency Huntington Beach Resort and Spa — The Hyatt Regency Huntington Beach Resort & Spa and its Conference Center opened for business on January 19, 2003. The Developer's Advance Loan Balance is $6,503,000 as of September 30, 2009. A Third Implementation Agreement to the Disposition and Development Agreement (DDA) has been negotiated between the Redevelopment Agency ("Agency") and Mayer Financial, L.P. ("Developer") in October 2008. The Third Implementation Agreement relates to the timeframe for development of Parcel C, which is the land located between the Waterfront Hilton and the Hyatt Resort and Spa and will result in a third hotel at this location. Each extension also requires a payment of $250,000 from the Developer to the City to compensate for an estimated loss in Transient Occupancy Tax (TOT) that the City would have received as a result of the additional hotel. The project also pays lease payments to the Agency on an annual basis. The third hotel should be built by 2012. Capital Improvements/Facilities — The one time revenue of $19 million from the Redevelopment Agency's participation payments from the Waterfront Residential project is funding various public improvements within the City's Merged Redevelopment Project Area. The revenue received during 2004-2006 has been expended over several years through the City's Capital Improvement Program (CIP). Approximately $18.5 million has been allocated for capital projects that include the Civic Center seismic retrofit (matched with FEMA funds), drainage improvements, concrete and asphalt replacement, streetlight replacements, restrooms north of the pier, permanent buildings on the pier, a visitor's kiosk at the Pier Plaza, internal building modifications for the Main Street Library, and fire station renovations. The Surf City Nights pilot project was originally funded through this revenue source. All capital projects should be completed in 2010. Southeast Coastal Project Area Utility Undergrounding — Southern California Edison is taking the lead in doing the design work for under-grounding the Edison utilities along PCH and is working with City staff, Caltrans, and the California State Beaches Department. Seawater Desalination Facility — The Redevelopment Agency approved an Owner Participation Agreement (OPA,) dated February 27, 2006, with Poseidon Resources Corporation to provide for the development of a seawater desalination plant on property leased from the AES Corporation. The Agreement containing the covenants affecting the real property was recorded on June 8, 2006. AES is in the process of removing storage tanks on this property. California Coastal Commission approval is required for the project to be approved. Magnolia Street Sidewalk & Lighting — This project was completed, consisting of sidewalk and installation of pedestrian lighting on both sides of Magnolia Street. The See Independent Auditor's Report and Notes to the Financial Statements 9 Item 14. - Page 16 ' Redevelopment Agency of the City of Huntington Beach Management's Discussion and Analysis For the Year Ended September 30, 2009 Agency funding was included in the Capital Improvement Program (CIP) budget for $593,000. Housing Activities Jamboree Housing I, II, III, and IV— The Agency and City of Huntington Beach assisted Jamboree Housing Corporation, an Orange County based non-profit housing developer and designated CHDO (Community Housing Development Organization,) to acquire and rehabilitate four apartment buildings in the Oakview sub-area. Through the use of HOME funds, the City also contributed a portion of its Housing Set-Aside funds for the required 25% match of non-federal funds. The four buildings consist of 19 two-bedroom housing units, which will remain affordable to very low and low-income households for at least 60 years. Jamboree will provide on-site management and tenant services for the tenants they serve as more properties are acquired and rehabilitated. Pacific Court — In 2008, the Agency expended $7 million dollars in Set-Aside funds and $500,000 in HOME funds to help a non-profit housing developer and CHDO (C and C Development) acquire a 48-unit apartment complex located at 2200 Delaware Avenue. The units and grounds, now known as Pacific Court, are to be fully rehabilitated by Summer 2010, providing affordable housing for 47 very low and low-income families, retaining a portion of existing tenants. Garfield/Delaware, Heil Affordable Housing Project — The City of Huntington Beach acquired property at the northeast corner of Delaware Street and Garfield Avenue as well as several homes adjoining Heil Avenue as part of the street widening projects. The City will be making these surplus land parcels available for sale during the 2010/2011 fiscal year following the exercising of its due diligence in connection with the noticing of various public agencies, as required. The Agency may purchase the properties from the City and thereafter develop affordable housing on the parcels. Colette's Children's Home, Keelson Lane Project — In fiscal year 2008/09, the City assisted Colette's Children's Home, a non-profit housing developer, and CHDO with $2.1 million dollars in Housing Set-Aside funds to assist with the acquisition and rehabilitation of a property in the Oakview sub-area comprised of two apartment buildings. The completed project will preserve as affordable 10 housing units of varying sizes, including two five-bedroom units to accommodate larger low-income families. Currently under construction, the project is expected to be complete by June of 2010. During the coming fiscal year, the City will be working with Colette's to acquire and rehabilitate, and possibly construct, additional apartment buildings adjoining these buildings with the objective of providing quality, affordable housing within the Oakview sub-area. CONTACTING THE AGENCY'S FINANCIAL MANAGEMENT TEAM This financial report is designed to provide our citizens, taxpayers, customers, and investors and creditors with a general overview of the Agency's finances and to show the Agency's accountability for the money it receives. If you have questions about this report or need any See Independent Auditor's Report and Notes to the Financial Statements 10 Item 14. - Page 17 Redevelopment Agency of the City of Huntington Beach _ Management's Discussion and Analysis ,,. For the Year Ended September 30, 2009 additional financial information, please contact the Finance Department at 2000 Main Street, Huntington Beach, California, 92648-2702, by phone (714) 536-5907, or via e-mail rsedlak@surfcity-hb.org. You can also visit the City's website at www.surfcity-hb.org for additional copies of this report. See Independent Auditor's Report and Notes to the Financial Statements 11 Item 14. - Page 18 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH STATEMENT OF NET ASSETS SEPTEMBER 30, 2009 (In Thousands) Governmental Activities ASSETS Current Assets: Cash and Investments $ 15,184 Restricted Cash with Fiscal Agent 2,406 Taxes Receivable 4,510 Other Receivables 24,329 Total Current Assets $ 46,429 Non-Current Assets: Land Held for Resale 9,662 Capital Assets 47,056 Total Non-Current Assets 56,718 TOTAL ASSETS $ 103,147 LIABILITIES Current Liabilities: Accounts Payable and Accrued Liabilities $ 787 Accrued Interest Payable 248 Accrued Payroll 47 Deposits 188 Unearned Revenue 24,133 Long-Term Debt-Due Within One Year 1,610 Total Current Liabilities $ 27,013 Non-Current Liabilities: Long-Term Debtto the City of Huntington Beach and Component Units 88,597 Other Long-Term Debt 54,271 TOTAL LONG-TERM LIABILITIES 142,868 TOTAL LIABILITIES $ 169,881 NET ASSETS Investment in Capital Assets $ 38,867 Restricted for: Capital Projects 352 Low-Income Housing 164 Unrestricted (106,117) TOTAL NET ASSETS(DEFICIT) $ (66,734) See Independent Auditor's Report and Notes to the Financial Statements 12 Item 14. a Wage 19 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30,2009 (In Thousands) Net(Expense) Revenue and Changes in Net Program Revenues Assets Operating Capital(rants Total Charges for Grants and and Governmental Expenses Current Service Contributions Contributions 1 Activities Functions/Programs Governmental Activities: Economic Development $ 13,792 $ - $ - $ 25,006 $ 11,214 CityAttorney 141 - - - (141) Community Services 345 - - - (345) Public Works 157 - - - (157) Non-departmental 351 - - - (351) Interest on Long-Term Debt 11,524 - - - (11,524) Total Governmental Activities $ 26,310 $ - $ - $ 25,006 $ (1,304) General Revenues: Taxes: Property Taxes 18,371 Total Taxes 18,371 Other Revenue: Use of Moneyand Property 2,192 From Other Agencies 843 Other 3,650 Total Other Revenue 6,686 Total General Revenues 25,056 Change in Net Assets 20,248 Net Deficit-October 1,2008 (86,982) Net Deficit-September 30,2009 $ (66,734) See Independent Auditor's Report and Notes to the Financial Statements 13 Item 14. a Page 20 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH BALANCE SHEET - GOVERNMENTAL FUNDS September 30, 2009 (In Thousands) Capital Projects Funds Huntington Low- Beach Southeast Income Total Capital Project Area Coastal Housing Projects ASSES: #1 Project Area Fund Funds Cash and investments $ 6,319 $ - $ 7,243 $ 13,562 Restricted cash with fiscal agent - - - - Due from other funds 455 - - 455 Taxes receivable - - - - Other receivables 125 1 24,176 24,302 Advances to other funds 302 - 1,363 1,665 Land held for resale,net 6,158 - 3,504 9,662 TOTAL ASSETS $ 13,359 $ 1 $ 36,286 $ 49,646 LIABILITIES AND FUND BALANCE LIABILITIES: Accounts payable and accrued liabilities $ 300 $ - $ 70 $ 370 Accrued payroll 29 - 18 47 Due to Other Funds - 455 - 455 Deposits 140 - 48 188 Deferred propertytaxes - - - - Deferred revenue - - 24,133 24,133 Advances from other funds 1,363 - - 1,363 TOTAL LIABILITIES 1,832 455 24,269 26,556 FUND BALANCE: Nonspendable Long-Term Receivables $ 1 $ - $ - $ 1 Land Held for Resale 6,158 - 3,504 9,662 Advance to Other Fund 302 - 1,363 1,665 Restricted Underground Utilities - Restitution Debt Service Funds - Other Purposes 352 - 164 516 Committed Capital Projects Funds 2,712 6 126 2,844 Assigned Debt Service Funds Other Purposes 2,002 - 6,860 8,862 Unassigned Capital Projects Funds - (460) - (460) Total Reserved 11,527 (454) 12,017 23,090 TOTAL FUND BALANCE 11,527 (454) 12,017 23,090 TOTAL LIABILITIES AND FUND BALANCE $ 13,359 $ 1 $ 36,286 $ 49,646 See Independent Auditor's Report and Notes to the Financial Statements 14 Item 14. - Page 21 Debt Service Funds Huntington Beach Southeast Total Debt Project Area Coastal Service Total All #1 Project Area Funds Funds $ 584 $ 1,038 $ 1,622 $ 15,184 2,406 - 2,406 2,406 - - - 455 4,510 - 4,510 4,510 21 6 27 24,329 - - - 1,665 - - - 9,662 $ 7,521 $ 1,044 $ 8,565 $ 58,211 $ 417 $ - $ 417 $ 787 - - - 47 - - - 455 - - - 188 3,357 - 3,357 3,357 - - - 24,133 - 302 302 1,665 3,774 302 4,076 30,632 $ - $ - $ - $ 1 9,662 1,665 2,406 - 2,406 2,406 - - - 516 - - - 2,844 1,341 742 2,083 2,083 - - - 8,862 - - - (460) 3,747 742 4,489 27,579 31747 742 4,489 27,579 $ 7,521 $ 1,044 $ 8,565 $ 58,211 See Independent Auditor's Report and Notes to the Financial Statements 15 Item 14. e Page 22 This page intentionally left blank See Independent Auditor's Report and Notes to the Financial Statements 16 Item 14. - Page 23 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET ASSETS SEPTEMBER 30,2009 (In Thousands) Total Fund Balances Governmental Funds $ 27,679 Amounts reported for governmental activities in the statementofnetassets are different because: Net capital assets used in governmental activities are not current financial resources and, therefore,are not reported in the funds Capital Assets 47,667 Accumulated Depreciation (611) Property tax revenues collected more than 60 days after fiscal year are not current financial resources and,therefore are deferred in the funds 3,357 Accrued interest payable on Long-term Debt (248) Long-term Liabilities,including bonds and certificates of participation payable are not due and payable in the current period and therefore are not reported in the funds (144,478) Net Assets(Deficit)of Governmental Activities $ (66,734) See Independent Auditor's Report and Notes to the Financial Statements 17 Item 14. e Page 24 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES —GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2009 (In Thousands) Capital Projects Funds Huntington Southeast Low-Income Total Capital Beach Project Coastal Housing Projects REVENUES: Area#1 Project Area Fund Funds Tax increment(Note 4) $ - $ - $ - $ - Use ofmoneyand property 1,274 - 685 1,959 Intergovernmental - 343 - 343 Other revenue 146 - 3,504 3,650 TOTAL REVENUES 1,420 343 4,189 5,952 EXPENDITURES: Current: Economic Development $ 2,110 $ 61 $ 3,478 $ 5,649. City Attorney 141 - - 141 Community Services 345 - - 345 Public Works 157 - - 157 Non-departmental - - - - Capital outlay 11,808 475 263 12,546 Debt service: Bond&Other Debt: Principal 106 - 306 412 Interest - - - - TOTAL EXPENDITURES 14,667 536 4,047 19,250 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES (13,247) (193) 142 (13,298) OTHER FINANCING SOURCES(USES): Transfers in - - 3,677 3,677 Issuance of Long-Term Debt 8,850 - - 8,850 Transfers out - - - - TOTAL OTHER FINANCING SOURCES(USES) 8,850 - 3,677 12,527 NET CHANGES IN TOTAL FUND BALANCE (4,397) (193) 3,819 (771) FUND BALANCES-BEGINNING OF YEAR 15,924 (261) 8,198 23,861 FUND BALANCES-END OF YEAR $ 11,527 $ (454) $ 12,017 $ 23,090 See Independent Auditor's Report and Notes to the Financial Statements 18 Item 14. - Page 25 Debt Service Funds Huntington Beach Southeast Total Debt Project Area Coastal Service Total All #1 Project Area Funds Funds $ 18,264 $ 121 $ 18,385 $ 18,385 200 33 233 2,192 500 - 500 843 - - - 3,650 18,964 154 19,118 25,070 $ 2,864 $ 34 $ 2,898 $ 8,547 - - - 141 - - - 345 - - - 157 351 351 351 1,100 - 1,100 13,646 8,584 - 8,584 8,996 1,674 - 1,674 1,674 14,222 385 14,607 33,857 4,742 (231) 4,511 (8,787) - - - 3,677 - - 8,850 (3,653) (24) (3,677) (3,677) (3,653) (24) (3,677) 8,850 1,089 (255) 834 63 2,658 997 3,655 27,516 $ 3,747 $ 742 $ 4,489 $ 27,579 See Independent Auditor's Report and Notes to the Financial Statements 19 Item 14. - Page 26 REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES September 30, 2009 (In Thousands) Net Changes in Fund Balances-Total Governmental Funds $ 63 Amounts reported for governmental activities in the Statement of Activities are different because: Accrual of Revenues -Certain revenues in the Statement of Activities do not meet the"availability'criteria for revenue recognition in the governmental funds and are not reported in the governmental funds as revenue Current Year Property Tax Accrual 3,357 Prior Year Property Tax Accrual (3,371) Capital Expenditures-Governmental funds report capital outlays as expenditures. However, in the Statement of Activities,the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. Depreciable Assets Purchased 9,012 Depreciable Assets Donated 21,502 Capital Asset Depreciation (611) Liabilities not Liquidated with Current Resources — Some expenses reported in the statement of activities do not require the use of current financial resources and,therefore,are not reported as expenditures in governmental funds. Current Year Interest Accrual (248) Prior Year Interest Accrual 260 Long-Term Debt Proceeds-Issuances and changes in long-term debt(bonds, leases,certificates of participation,compensated absences,etc)provide current financial resources to governmental funds,while repayments of this debt consumes the current financial resources of governmental funds. Neither transaction,however,has anyeffecton net assets. Also,governmental funds report the effect of issuance costs,premiums,discounts,etc.when debt is first issued. These amounts are deferred and amortized in the Statement of Activities. (18,712) Payments of Long-Term Debt-Principal payments on long-term debt are recorded as an expenditure in the governmental funds and a reduction of liability in the government-wide statements. 8,996 Change in Net Assets of Governmental Activities $ 20,248 See Independent Auditor's Report and Notes to the Financial Statements 20 Item 14. - Page 27 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 1. ORGANIZATION The Redevelopment Agency of the City of Huntington Beach (the Agency) is a blended component unit of the City of Huntington Beach (the City) governed by the Agency's Board of Directors. The Agency was formed by ordinance in 1967 to encourage private development of areas that are considered blighted. The Agency adopts project areas by public votes, which qualify under the California Health and Safety Code. The following project areas have been adopted: Project Area Year Adopted Status Main/Pier 1982 (amended in 1983) Merged into Huntington Beach Project Area#1 Talbert/Beach 1982 Merged into Huntington Beach Project Area#1 Oakview 1982 (amended in 1989) Merged into Huntington Beach Project Area#1 Yorktown/Lake 1982 Merged into Huntington Beach Project Area #1 Huntington Center 1984 Merged into Huntington Beach Project Area#1 Huntington Beach 1997 Created from five existing Project Area #1 project areas Southeast Coastal 2002 Began operations in 2002 Project Area The Agency's project area requires that 20% of tax increment revenue be used to promote affordable housing citywide. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Government—Wide Financial Statements The Agency's Government-Wide Financial Statements include the Statement of Net Assets and the Statement of Activities. These statements present summaries of Governmental activities for the Agency accompanied by a total column. These statements are presented on an "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all of the Agency's assets and liabilities including capital assets and long-term liabilities are included in the accompanying Statement of Net Assets. The Statement of Activities presents changes in net assets. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. The statement of activities demonstrates the degree with which the direct expenses of a given function or segments are offset by program revenues. Direct expenses are 21 Item 14. - Page 28 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 those that are clearly identifiable with a specific function or segment. Indirect expenses are allocated to the various functions based on a proportionate use of services. The types of transactions reported as program revenues for the Agency are reported in three categories: 1) charges for services, 2) operating grants and other contributions, 3) capital grants and other contributions. Taxes and other items not properly included among program revenues are reported as general revenues. Government-Wide financial statements do not provide information by fund or account group. They simply distinguish between governmental and business activities. All of the Agency's activities are governmental activities. The Agency's Statement of Net Assets includes both current and non-current assets and liabilities. Financial Statement Classification In the Government-Wide financial statements, net assets are classified in the following categories: Invested In Capital Assets, Net of Related Debt — This category groups all capital assets, including infrastructure, into one component of net. assets. Accumulated depreciation and outstanding debt balances attributable to the acquisition, construction, or improvement of these assets reduce this category. Restricted Net Assets — This category presents external restrictions imposed by creditors, grantors, contributors or laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation. This category presents restrictions placed on the categories of Capital Projects, Debt Service, and Specific Projects and Programs as established by the Agency's Board of Directors. Unrestricted Net Assets — Represent the net assets of the Agency not restricted for any project or other purpose. When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first, then unrestricted resources as needed. b. Fund Financial Statements Measurement Focus, Basis of Accounting, and Financial Statement Presentation All governmental funds are accounted for on a spending or "current financial resources" measurement focus and the modified accrual basis of accounting. Only current assets and current liabilities are included on the Balance Sheets. The Statement of Revenues, Expenditures, and Changes in Fund Balances present increases (revenues and other financing sources) and decreases (expenditures and 22 Item 14. - Page 29 0 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 other financing uses) in net current assets. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period. Revenues are recorded when received in cash, except that revenues subject to accrual (generally 60 days after year-end) are recognized when due. The primary revenue sources, which have been treated as susceptible to accrual by the Agency, are property taxes. Expenditures are recorded in the accounting period in which the related fund liability is incurred. All Agency funds are reported as major funds: Capital Project Funds: • Huntington Beach Project Area #1 • Southeast Coastal Project Area • Low-Income Housing Fund Debt Service Funds: • Huntington Beach Project Area #1 • Southeast Coastal Project Area Governmental Fund Financial Statements Governmental Fund Financial Statements include a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances. An accompanying schedule is presented to reconcile and explain the differences in fund balances as presented in these statements to the net assets presented in the Government-Wide Financial Statements. The Agency's Governmental Fund Balance is made up of the following components: • Nonspendable fund balance typically includes inventories, land held for resale, prepaid items, and other items that, by definition, cannot be appropriated. • The restricted fund balance category includes amounts that can be spent only for the specific purposes stipulated by constitution, external resource providers, or through enabling legislation. • The committed fund balance classification includes amounts that can be used only for specific purposes as determined by a formal action of the Agency's Board of Directors. The Board of Directors has authority to establish, modify, or rescind a fund balance commitment. • Amounts in the assigned fund balance classification are intended to be used by the Agency for specific purposes but do not meet the criteria to be classified as restricted or committed. The Agency Administrator or designee has the authority to establish, modify, or rescind a fund balance assignment. 23 Item 14. - Page 30 Redevelopment Agency of the City of Huntington Beach _ Notes to Financial Statement For the Year Ended September 30, 2009 • Unassigned fund balance is the residual classification for the Agency's funds and includes all spendable amounts not contained in the other classifications. The Agency considers restricted or unrestricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balances are available. The Agency's committed, assigned, or unassigned amounts are considered to have been spent when an expenditure is incurred for purposes for which amounts any of those unrestricted fund balance classifications could be used. c. Investment Income Allocation The City of Huntington Beach allocates investment income to funds based on month- end cash balances. Since the Agency pools its cash with the City (see Note 3), the Agency receives monthly allocations of investment income. d. Special Agency Accounting The Agency follows the special accounting procedures required by the California Health and Safety Code. These procedures comply with generally accepted accounting principles for governmental agencies. e. Self-Insurance The Agency is self-insured through the City of Huntington Beach. All required information is included in the City of Huntington Beach Comprehensive Annual Financial Report for the year ended September 30, 2009. f. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure, are reported in the governmental activities column in the Government-Wide financial statements. Capital assets have an acquisition cost of $50,000 or greater and a useful life of two years or more. The Agency records all purchased capital assets at historical cost (where historical records are available) and at estimated historical cost where no historical records exist. The Agency's capital assets include land, land held for resale, and a parking structure. g. Interfund Transactions As a general rule, interfund transactions have been eliminated from the Government- Wide financial statements. These interfund transactions would distort the direct costs and program revenues for the various functions. 24 Item 14. - Page 31 Redevelopment Agency of the City of Huntington Beach _ Notes to Financial Statement .: For the Year Ended September 30, 2009 h. Long Term Obligations In the Government-Wide financial statements, long-term obligations are recorded as liabilities in the governmental activities. Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the debt. In the governmental fund financial statements, bond discounts and premiums are recognized as another financing source or use. Issuance costs are recorded as current year expenditure. L Employee Compensated Absences The Agency records the cost of all accumulated and unused leave time (vacation, sick, comp) as a liability when earned in the Government-Wide financial statements. Liabilities for these amounts in the governmental funds are only recorded if they have matured (employee resignations or retirements). j. Property Tax Revenue Property tax in California is levied according to Article 13-A of the California Constitution. The basic levy is a countywide-levy of one percent of total assessed valuation and is allocated to county governments, school districts, cities and special districts. Additional levies require two-thirds approval by voters and are allocated directly to the specific government. In the Government-Wide financial statements, property tax is recorded when earned, regardless of when levied, due, or received. In the fund financial statements, property tax revenue is recognized in the fiscal year levied provided that revenue is collected in time to pay current year liabilities. Deferred property tax revenue represents property taxes related to the current fiscal year that are collected more than 60 days after the fiscal year end. Since the Agency's fiscal year differs from the County's property tax year, there is a difference between the property tax revenue recorded on the fund financial statements and the Government-Wide financial statements which is noted as a reconciling item in both the Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities and the Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets. The County acts as a collection agent for property tax for all of the local governmental units. Property taxes are normally collected twice per year. The property tax calendar is as follows. 25 Item 14. - Page 32 Redevelopment Agency of the City of Huntington Beach _ Notes to Financial Statement For the Year Ended September 30, 2009 j. Property Tax Revenue (Continued) • Lien Date —January 1 — Prior Fiscal Year • Levy Date —July 1 — Prior Fiscal Year • Due Date— First Installment— November 10 • Due Date— Second Installment— February 10 • Delinquent Date — First Installment— December 10 • Delinquent Date—Second Installment—April 10 The taxes are paid to the local governments periodically during the year. Below are the dates of the payments from the County: • Payments of First Installment— November to December • Balance of First Installment— February 1 • Payments of Second Installment—March to April • Balance of Second Installment—July 26 k. Estimates The accompanying financial statements require management to make estimates and assumptions that effect certain report amounts and disclosures. Actual results could differ from those estimates. 1. Implementation of New Accounting Pronouncements During the year, the Agency implemented Governmental Accounting Standards Board (GASB) Statement 49, Accounting and Financial Reporting for Pollution Remediation Obligations and GASB Statement 54, Fund Balance Reporting and Governmental Fund Type Definitions. 3. CASH AND INVESTMENTS The Agency holds a proportionate interest of the City's pooled cash and investments in the amount of $15,184,000_ The Restricted Cash with Fiscal Agent, totaling $2,406,000, is made up of Guaranteed Investment Contract (GIC) and money market accounts. The GIC provider is rated by Standard and Poor's at A+. Standard and Poor's and Moody's have rated the money market funds in the Agency's portfolio as AAA. The Restricted Cash with Fiscal Agent that is in the Local Agency Investment Fund (LAIF) or money market accounts is due upon demand while the amount with GIC has a maturity of over five years. For further information, such as credit risk and categorization of the cash and investments, see the City's Comprehensive Annual Financial Report for the fiscal year ended September 30, 2009. 26 Item 14. - Page 33 Redevelopment Agency of the City of Huntington Beach _ Notes to Financial Statement For the Year Ended September 30, 2009 4. TAX INCREMENT REVENUE AND FINANCING The Agency's primary source of revenue is tax increment. Tax increment revenue is computed as follows: • When a project area is adopted, the County of Orange Auditor/Controller freezes all of the existing property's assessed value. The County distributes taxes received from this frozen valuation to the various governmental agencies as if the project area did not exist. • The Agency receives 100% of taxes (not including certain pass-through agreements) received from increases in assessed valuation due to new construction, resale of existing property and annual increases allowed under Article 13-A of the California Constitution. The increment is used to repay the debt of the Agency (see Note 7). 5. CAPITAL ASSETS The capital asset activity for the year was (in thousands): October 1, September 30, Governmental Activitites 2008 Additions Dispositions 2009 Capital Assets, Not Depreciated: Land $ 17,153 - - $ 17,153 Total Capital Assets-Not Depreciated 17,153 - - 17,153 Capital Assets Being Depreciated: Buildings 30,514 - 30,514 Total Capital Assets Being Depeciated - 30,514 - 30,514 Less Accumulated Depreciation: Buildings (611) - (611) Total Accumulated Depreciation - (611) - (611) Total Depreciated-Net - 29,903 - 29,903 Total Capital Assets 17,153 30,514 - 47,667 Total Accumulated Depreciation - (611) - (611) Capital Assets of Governmental Activitites-Net $ 17,153 $ 29,903 $ - $ 47,056 27 Item 14. - Page 34 Redevelopment Agency of the City of Huntington Beach r. Notes to Financial Statement . For the Year Ended September 30, 2009 6. INTERFUND TRANSACTIONS a. Due To/From Other Funds The amounts at Year-end were (in thousands): Due from Other Due to Other Funds Funds Huntington Beach Project Area#1 Capital Projects $ 455 $ - Southeast Coastal Project Area Capital Projects - 455 Total Due to/from Governmental Funds $ 455 $ 455 These outstanding balances result mainly from short-term borrowings to cover payments for goods and services. b. Advances to/from Other Funds The amounts at Year-end were (in thousands): Advances to Advances from Other Funds Other Funds Huntington Beach Project Area#1 Capital Projects $ 302 $ - Low-Income Housing Capital Projects 1,363 - Huntington Beach Project Area#1 Capital Projects - 1,363 Southeast Coastal Project Area Debt Service - 302 Total Due To/from $ 1,665 $ 1,665 There is a $1,363,000 advance from the Low-Income Housing Fund to the Huntington Beach Project Area #1 Capital Projects Fund for the Main Pier property acquisitions. There are no scheduled repayments for this advance. There is a $302,000 advance from the Huntington Beach Project Area #1 Capital Projects Fund to the Southeast Coastal Project Area Debt Service Fund for the Southeast Coastal Project Area. There are no scheduled repayments for this advance. 28 Item 14. a Page 35 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 c. Transfers In/Out The amounts at Year-end were (in thousands): Transfers In Transfers Out Low Income Housing Fund $ 3,677 $ - Huntington Beach Project Area#1 Debt Service - 3,653 Southeast Coastal Project Area Debt Service - 24 $ 3,677 $ 3,677 The following is a summary of the significant transfers: • $3,653,000 was transferred from the Huntington Beach Project Area #1 Debt Service Fund and $24,000 was transferred from the Southeast Coastal Project Area Debt Service Fund to the Low-Income Housing Fund to meet the 20% tax increment set-aside requirement. 29 Item 14. e Page 36 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 7. LONG-TERM DEBT The changes in Agency long-term debt during the year were (in thousands): Balance Balance Amount Due October 1, September within One 2008 Additions Retirements 30, 2009 Year DEBT TO CITY OF HUNTINGTON BEACH: Advances from General Fund $ 10,882 $ 415 $ (394) $ 10,903 $ - Advances from Sewer Fund 250 10 - 260 - Advances from Drainage Fund 602 23 - 625 - Advances from Water Fund 3,729 142 - 3,871 - Deferred Development Fees: Park Acquisition and Development Fund 368 14 - 382 - SewerFund 156 6 - 162 - Drainage Fund 165 6 - 171 - Deferred Payment on Land Purchases from City: General Fund 63,829 2,431 (4,047) 62,213 - Emerald Cove - 5,171 (305) 4,866 Park Acquisition and Development Fund 4,955 189 - 5,144 - Total Debt-City of Huntington Beach 84,936 8,407 (4,746) 88,597 OTHER DEBT Help Loan 500 - - 500 - MayerDisposition and Development Agreement 6,810 438 (745) 6,503 - 1999 Refunding TaxAllocation Bonds 7,410 - (390) 7,020 410 2002 Tax Allocation Refunding Bonds 16,250 - (870) 15,380 910 Bella Terra Parking 14,532 1,008 (1,313) 14,227 - CIM DDA(Parking&Infrastructure) - 7,900 (132) 7,768 - CIMDDA(Additional Parking) - 950 (529) 421 - Section 108 Loan 4,225 - (270) 3,955 290 Employee Compensated Absences 99 11 (3) 107 - Total Other Debt 49,826 10,307 (4,252) 66,881 1,610 Total Agency Debt $ 134,762 $ 18,714 $ (8,998) $ 144,478 $ 1,610 30 Item 14. - Page 37 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 a. Advances from General Fund Years debt incurred 1985 to 1996 Interest rate 3.81% Principal amount $10,801,289 Accrued interest $101,711 Balance at Fiscal Year End $10,903,000 Purpose of debt Operating, administrative and capital expenditures Security for debt Operative Agreement with City Repayment terms None b. Advances from City's Sewer Fund Years debt incurred 1989 Interest rate 3.81% Principal amount $131,424 Accrued interest $128,576 Balance at Fiscal Year End $260,000 Purpose of debt Sewer Construction Security for debt Operative Agreement with City Repayment terms None c. Advances from City's Drainage Fund Years debt incurred 1987 Interest rate 3.81% Principal amount $250,483 Accrued interest $374,517 Balance at Fiscal Year End $625,000 Purpose of debt Drainage Construction Security for debt Operative Agreement with City Repayment terms None 31 Item 14. - Page 38 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 d. Advances from City's Water Fund Years debt incurred 1986 and 1987 Interest rate 3.81% Principal amount $1,138,235 Accrued interest $2,732,765 Balance at Fiscal Year End $3,871,000 Purpose of debt Water Construction Security for debt Operative Agreement with City Repayment terms None e. Deferred Development Fees Years debt incurred 1984 Interest rate 3.81% Principal amount $339,436 Accrued interest $375,564 Balance at Fiscal Year End $715,000 Purpose of debt Developer Incentive Security for debt Operative Agreement with City Repayment terms None f. Deferred Payment on Land Purchases from City's General Fund Years debt incurred 1983 to 1992 Interest rate 3.81% (current fiscal ear Principal amount $32,833,159 Accrued interest $29,379,841 Balance at Fiscal Year End $62,213,000 Purpose of debt Parcel consolidation and development Security for debt Operative Agreement with City Repayment terms None g. Emerald Cove In May 2009, the City entered into an agreement with the Redevelopment Agency to convey ownership of the Emerald Cove Senior Apartments (recorded as an enterprise fund) from the City to the Redevelopment Agency Low-income Housing Fund. 32 Item 14. - Page 39 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement h. For the Year Ended September 30, 2009 Below is a summary of the transaction (in thousands): Cash transfer from the Emerald Cove Housing Fund to the General Fund $ 3,433 Capital asset transfer from the Emerald Cove Housing Fund to the Low-Income Housing Fund 3,504 Original note from the Low-Income Housing Fund 5,171 to the City to be paid through September 2021 The balance of the note from the Low-Income Housing Fund to the City as of September 30, 2009 is $4,866,000. The Agency plans to sell Emerald Cove Senior Apartments to a non-profit affordable housing developer in the 2009/10 fiscal year. The property is currently recorded as land held for resale in the Low-Income Housing Fund. Debt service requirements to maturity are (in thousands).- Year Debt Incurred 2009 Original Principal Amount $5,171,000 Interest Rates 4.625% - 5.5% Purpose of Debt Conveyance of Emerald Cove Senior Apartments Security Agreement with City Year Ending September 30, Amount 2010 $ 405 2011 406 2012 404 2013 405 2014-2021 3,246 Total $ 4,866 33 Item 14. - Page 40 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 h. Deferred Payment on Land Purchases from City's Park Acquisition and Development Fund Years debt incurred 1984 Interest rate 4.26% Principal amount $1,740,377 Accrued interest $3,403,623 Balance at Fiscal Year End $5,144,000 Purpose of debt Emerald Cove Land Security for debt Operative Agreement with City Repayment terms None L Notes Payable — HELP Loan Funds Years debt incurred 2003 Interest rate 3.00% Principal amount $500,000 Purpose of debt Affordable housing Security for debt Note with developer Repayment terms Deferred for 10 years j. Mayer Disposition and Development Agreement In fiscal year 1996/97, the Agency entered into a disposition and development agreement with Robert Mayer Corporation (Corporation) concerning additional development adjacent to the Waterfront Hotel. Under the agreement, the Corporation would advance payments for the project costs with the Agency reimbursing up to $16,750,000 of the costs. As of September 30, 2009, the Agency obligation under the agreement amounted to $6,503,000. Project-generated revenues as available will repay these amounts over the time needed to fully amortize the advance. k. 1999 Tax Allocation Refunding Bonds Years debt incurred 1999 Interest rate 3.00% to 5.05% Original principal amount $10,835,000 Purpose of debt Prepay Agency's 1992 Loans to Public Financing Authority Security for debt Redevelopment Agency Tax Increment, excluding Low- Income Housing Amounts Repayment terms Principal, August 15, Interest, February Vt and August 1st 34 Item 14. - Page 41 Redevelopment Agency of the City of Huntington Beach _ Notes to Financial Statement For the Year Ended September 30, 2009 Debt service requirements to maturity are as follows (in thousands): Year Ending September 30, Principal Interest Total 2010 $ 410 $ 334 $ 744 2011 430 317 747 2012 450 298 748 2013 465 278 743 2014 490 257 747 2015-2019 2,840 914 3,754 2020-2024 1,935 292 2,227 Total $ 7,020 $ 2,690 $ 9,710 I. 2002 Tax Allocation Refunding Bonds Year of Issuance 2002 -Type of Debt Tax Allocation Refunding Bonds -Original Principal Amount $20,900,000 -Security Tax Increment Interest Rates 2.00% to 5.00% Interest Payment Dates February 1" and August 1" -Principal Payment Dates August 1s' Purpose of Debt Prepay Agency's 1992 Loans to Public Financing Authority and fully decease 1992 Public Financing Authority bonds Debt service requirements to maturity are (in thousands): Year Ending September 30, Principal Interest Total 2010 $ 910 $ 712 $ 1,622 2011 945 678 1,623 2012 995 641 1,636 2013 1,040 601 1,641 2014 1,080 558 1,638 2015-2019 6,195 2,004 8,199 2020-2024 4,215 634 4,849 Total $ 15,380 $ 5,828 $ 21,208 35 Item 14. - Page 42 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 m. Bella Terra Parking Structure In fiscal year 2005-06, the agency entered into an owner participation agreement with Bella Terra Associates, LLC (formerly Huntington Center Associates, LLC). Under the agreement, the Corporation would construct various public improvements including a parking structure, which would then be deeded to the City. The Agency would reimburse $15,000,000 of the costs of the public improvements. As of September 30, 2009, the Agency obligation under the agreement amounted to $14,227,000. Project-generated revenues as available will repay these amounts over the time needed to fully amortize the advance. n. CIM/Huntington Disposition and Development Agreement — Strand Parking Structure and Infrastructure Year of Issuance 2009 Type of Debt Loan from CIM Group, LLC Original Principal Amount $7,900,000 Security Tax Increment Interest Rates 7.0% Interest Payment Dates September.30 Principal Payment Dates Se tember 30 Purpose of Debt Strand Parking Structure and Infrastructure The Implementation of Disposition and Development Agreement (DDA) and the Sixth Implementation Agreement (Agreements) between the CIM Group, LLC (CIM) and the Redevelopment Agency (Agency) were entered into from June 1999 to November 2008. The Agreements allow for the development of a hotel, retail and restaurant, and a public parking structure. The project costs for infrastructure are to be paid initially by the developer. The Agency will reimburse the developer a maximum of $7.9 million within 25 years through net tax increment revenues generated by the Merged Redevelopment Project Area. The Sixth Implementation Agreement includes an additional onetime payment of$2.4 million from the Agency to CIM for the development of the hotel. The Agency has paid the $2.4 million and the $500,000 in parking in lieu fees along with the first payment towards the $7.9 million. As of year-end, the Agency obligation under the agreement amounted to $7,768,000. 36 Item 14. a Page 43 Redevelopment Agency of the City of Huntington Beach _ Notes to Financial Statement For the Year Ended September 30, 2009 o. CIM/Huntington Disposition and Development Agreement — Additional Strand Parking Year of Issuance 2009 Type of Debt Loan from CIM Group, LLC Original Principal Amount $950,000 Security Tax Increment Interest Rates 10.0% Interest Payment Dates September 30 Principal Payment Dates September 30 Purpose of Debt Additional Strand Parking Structure and Infrastructure The Agency funded $950,000 for development of additional/surplus parking spaces. The additional parking was funded $500,000 from parking in lieu fees and $450,000 from Agency funds. The City Parking In-Lieu Fund repaid $500,000 in the current year. The remaining loan repayment shall be made solely from net tax increment generated by the Merged Redevelopment Project Area within 25 years. As of year-end, the Agency obligation under the agreement amounted to $421,000. p. Section 108 Loan Year of Issuance 2000 -Type of Debt Loan from Federal Government -Original Principal Amount $6,000,000 Security Loan Agreement with Federal Government Interest Rates 7.7% Interest Payment Dates February 1 st and August,1S Principal Payment Dates August 1s Purpose of Debt Capital Improvements Debt service requirements to maturity are (in thousands): Year Ending September 30, Principal Interest Total 2010 $ 290 $ 308 $ 598 2011 310 286 596 2012 330 263 593 2013 350 238 588 2014 375 211 586 2015-2019 2,300 570 2,870 Total $ 3,955 $ 1,876 $ 5,831 37 Items 14. a Page 44 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 q. Employee Compensated Balances There is no fixed repayment to pay the compensated absences liability totaling $107,000 at year-end. 8. RETIREMENT PLAN INFORMATION The Agency is a component unit of the City. For retirement purposes, all Agency employees are considered to be employees of the City. No separate valuations are made for the Agency. All retirement information for the City as a whole is included in the City's Comprehensive Annual Financial Report. 9. AGENCY AGREEMENTS a. Pass-Through Agreements The Agency entered into various "pass-through" Agreements with local governmental agencies where a portion of tax increment is paid to the individual agencies. There was no amount payable at year-end. b. Pacific City On October 16, 2006, the Redevelopment Agency approved an Owner Participation Agreement (OPA) with Makallon Atlanta Huntington Beach, LLC (also known as Makar) to develop a 31-acre site in the Main-Pier sub-area of the Huntington Beach Redevelopment Project (Pacific City). Makar will advance $5,500,000 to the Redevelopment Agency to fund the Agency's obligation for the Regional Urban Runoff Treatment System and the Pacific View Drive Extension. The advance will be repaid over 20 years from tax increment generated from the site. As of September 30, 2009, no amount has been advanced to the City. c. Southeast Coastal Redevelopment Project On September 2, 2003, the Redevelopment Agency approved a Cooperation Agreement regarding Capital Improvements in the Southeast Coastal Redevelopment Project with the City. This Agreement commits the Redevelopment Agency to reimburse the City for a number of capital improvement projects to be undertaken as part of the Five-Year Capital Improvement Program in the Southeast Redevelopment Project Area beginning in Fiscal Year 2003/04. As of September 30, 2009, there was no change in debt for the Southeast Coastal Project other than for interest accrual. 38 Item 14. a Page 45 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 10.NOTES RECEIVABLE The Agency has made loans of $24,176,000 available to developers to construct or rehabilitate certain facilities under deferred loan agreements. These loans are deferred until a future event occurs, such as a sale of the property by the developer. Some notes may be forgiven after a period of time. A summary of Notes Receivable as of September 30, 2009 is as follows: Descri pion Amount Deferred Loans Receivable $ 24,176,000 Other Receivables 154,000 Total $ 24,330,000 11.PENDING LITIGATION There are legal actions pending against the Agency resulting from normal operations. The Agency's Counsel feels these actions will not have a significant impact on these financial statements. 12.OTHER The Agency's combined net assets for the year ended September 30, 2009 were a negative $(66,734,000). This is mainly because of how Redevelopment Agencies are required to operate under state law. Redevelopment Agencies incur debt in order to make expenditures, which results in increased public and private investments in the redevelopment area, which in turn generate property tax increment to repay the debt over time. Redevelopment Agencies can only collect property tax increment to the extent they have debt on the books. 13.SERAF CONTINGENCY Pursuant to Assembly Bill 26 4x, a budget trailer bill, California redevelopment agencies were required to make Supplemental Education Revenue Augmentation Fund (SERAF) contributions totaling $1.7 billion for the fiscal year 2009-2010 and $350 million for the fiscal year 2010-2011. Under this bill, agencies may borrow a portion of the required contributions from their low and moderate income housing fund. Alternatively, sponsoring governmental agencies (the cities or counties) may elect to pay the SERAF contributions on behalf of their redevelopment agencies. On October 20, 2009, the California Redevelopment Association filed a class action lawsuit on behalf of all California redevelopment agencies, again challenging the SERAF obligations as unconstitutional. 39 Item 14. - Page 46 Redevelopment Agency of the City of Huntington Beach Notes to Financial Statement For the Year Ended September 30, 2009 The Agency's estimated SERAF contributions under AB 26 4x are $5,380,000 for the fiscal year 2009-2010 and $1,107,000 for 2010-2011. It is the position of Agency officials that the SERAF contributions required by this bill are unconstitutional and that the Agency is not obligated to make these contributions. However, if the class action lawsuit is unsuccessful, and if the Agency were required to make the SERAF contributions, Agency officials have estimated that the Agency would have sufficient funds to make the required contributions. 40 Item 14. - Page 47 REDEVELOPMENT AGENCY OF THE CITY.OF HUNTINGTON BEACH CALCULATION OF LOW/MODERATE INCOME HOUSING FUNDS - EXCESS SURPLUS October 1, 2008 (IN THOUSANDS) ENDING FUND BALANCE-OCTOBER 1,2008 $ 8,198 Less Unavailable Amounts: Encumbrances (1,722) Advances to Other Funds (1,363) AVAILABLE FUND BALANCE-OCTOBER 1,2008 $ 6,113 AVAILABLE LOWIMODERATE INCOME HOUSING FUNDS LIMITATION(GREATER OF$1,000,000 OR FOUR YEARS SET-ASIDE): Set-aside for fiscal years 2004-05 to 2007-08 2004-2005 2,301 2005-2006 2,780 2006-2007 3,062 2007-2008 3,405 TOTAL SET-ASIDE FOR LAST FOUR YEARS 11,548 COMPUTED EXCESS/SURPLUS-OCTOBER 1,2008 $ - 41 Stern 14. - Page 48 DIEHL, EVANS & COMPANY, LLP CERTIFIED PUBLIC ACCOUNTANTS&CONSULTANTS IaCHAEL R LUDIN,CPA CRAIG W.SPRAKER,CPA A PARTNERSHIP INCLUDING ACCOUNTANCY CORPORATIONS NITINP.PATEL,CPA ROBERTI.CALLANAK CPA 'PHII.IP H.HOLTKAMP,CPA 5 CORPORATE PARK,SUITE 100 •THOMAS M PERLOWSKL CPA IRVINE,CALIFORNIA 92606-5165 'HARVEY I.SCHROEDER,CPA (949)399-0600•FAX(949)399-0610 KENNETH R WII CPA .LiAMC.PENr4ENCZ,CPA www.diehlevans.com 'A PROFESSIONAL CORPORATION March 15, 2010 INDEPENDENT AUDITORS'REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Directors Redevelopment Agency of the City of Huntington Beach Huntington Beach, California We have audited the financial statements of the governmental activities and each major fund for the Redevelopment Agency of the City of Huntington Beach (the Agency) as of and for the year ended September 30,2009, which collectively comprise the Agency's basic financial statements and have issued our report thereon dated March 15,2009. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Internal Control Over Financial Reporting In planning and performing our audit, we considered the Agency's internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Agency's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Agency's internal control over financial reporting. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the Agency's financial statements will not be prevented, or detected and corrected on a timely basis. - 42 - OTHER OFFICES AT: 2965 ROOSEVELT STREET 613 W.VALLEY PARKWAY,SUITE 330 CARLSBAD,CALIFORNIA 92008-2389 ESCONDIDO,CALIFORNIA 92025-2598 (760)729-2343•FAX(760)729-2234 (760)741-3141•FAX(760)741-9890 Item 14. - Page 49 Internal Control Over Financial Reporting(Continued) Our consideration of the internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be deficiencies, significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above. Compliance and Other Matters As part of obtaining reasonable assurance about whether the financial statements of the Agency are free of material misstatements, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. Such provisions included those provisions of laws and regulations identified in the Guidelines For Compliance Audits of California Redevelopment Agencies, issued by the State Controller and as interpreted in the Suggested Auditing Procedures for Accomplishing Compliance Audits of California Redevelopment Agencies, issued by the Governmental Accounting and Auditing Committee of the California Society of Certified Public Accountants. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed an instance of noncompliance that is required to be reported under Government Auditing Standards. a. Health and Safety Code Section 33080.1 requires Redevelopment Agencies to submit independent auditor's reports on financial statements and legal compliance, the Annual Report of Financial Transactions of Community Redevelopment Agencies and the Housing Activities Report to the Board of Directors within six months following the Commission's fiscal year end date of September 30, 2008. The Agency submitted the reports on April 20, 2009. This report is intended solely for the information and use of the Redevelopment Agency of the City of Huntington Beach's Board of Directors and management and the State Controller's Office, Division of Accounting and Reporting and is not intended to be and should not be used by anyone other than these specific parties. LLP -43 - Item 14. - Page 50 03/11/2010 13.68 7145434696 EXTERMINETICS PAGE 01105 I ZX'1 ERMINETICS 1 OF SOUTHERN CALIFORNIA, INC TERMITE& PEST CONTROL Company: From: ERIN FERNANDEZ i i Ada Phone: (714)835-1887 @ EXT.316 4 j Phone: Fax: (714)543-4696 j Fax: tQ�t f 61 - cp%� Is Date. 2j( 1 i I I Re: Pages: I 0 urgent 0 Pie"o Revic-w 0 Please Sign&Fax Back ❑Please Reply 0 Raport Irnroice �Completlon 0 Aulhorvatfon to proceed with worts 0 Fume Notices O Wood Bid i ! $Cornrrents: i - c Thank you, Erin Fernandez i i i i i i i j 1214 E- EDINGER AVE Santa Ana, CA 92707 I 714-835-1687 1-800-834-1887 FAX 714-543-4695 i Item 14. - Page 51 03/11/2010 13:09 7145434696 ECTERMINETICS PAGE 02/05 Standard Notice of Work ComPleted and Not Co:; pleted NOTICE-Att recommendations may not have been completed-Set;below-Recomrnendalions not completed. This form is prescribed by the Structural Pest Control Board. BVILOiNc.NO STREET CITY 7.IP DATE OF COMPI.ETIOV 19341 HICKORY LN. HUNTINGTON BEACH 92646 12/31/2009 EXTERMINETICS OF SO- CALIF., INC- 1214 E.EDINGER AVENUE SANTA ANA,CA 92707 PH#(714)535.1887 PR1210 Ordered By' Property Ownof andror Party of Interosi- Completion Sent To: PETER HAMILL PETER HAMILL PETER HAMILL 19341 HICKORY LN, 19341 HICKORY LN- 19341 HICKORY LN. HUNTINGTON BEACH,CA 92646 HUNTINGTON$EACH_CA 92646 HUNTENGTON BEACH,CA 92646 PH 0 714-402-0181 The following recommendations on the above designated property,as outline in yltood Destroying Vesta and Organisms Inspection Report dated 1Tl14=09 have been andfor have not been comploted. Recommendations compteted by this firm that are in stccomanee with the Structural Pest ContrDl Board's Rules and Regulatomt: MO -AT OWNERS REQUEST A PP VENTATIVE TREATMENT FOR DRYWOOD TERMITES IN ATTIC 8 GARAGE WAS COMPLETED. Recommendations roOmiolew ny thie fine that are considered secondary and Substandard measvres undar Section 1092 Of the Structural Pest Control Board$'&Rules ana Rogutationa including person requesting Fecondary measure Cost of workrompleted' Cost: S 400,00 1 Inspection Fee: $ 000 Other: $ 0.00 f Completion No:20092802-02 Total: $ 400.00 Recommendations not Comglatad by the Ili—: t Estimated Cost: S 0,00 Remarks. COMPLETION TAG LOCATED IN GARAGE. Signature — -- __ - You are enptted to obtain copies of all renons and corholet,on nofice¢On this proporty report o the 90ard dunns the prnceding M1,O years upon payment of a SearCn tee to - SiTtICIUCB(Pest COMMi Basil,1618 Howe Ave.Ste.1 S.Sacramento.Caltotno 958253204. NOTE Questions or problema canceming+he JbovA report should be ditecta'+to the manager of tnls company t/;-s.iwed 4u--SLIO139,or ploblerna•-11,)sevlces pedormrd may pe K;r�,,cted to fFe Post Control ward e:(918)581-V08.(800)737-8185 of arm DOstbOard Ca goy- Item 14a a Page 52 03/11/2010 13:08 7145434696 EXTERMINETICS PAGE 03/05 Standard Notice of Work Cornplele- and Not r�;r",���t�� NOTICE-All recomrttendati0ns may not have been completed-Sae below-Recommendations not completed. This form Is prescribed by the Structural Pest Control Board. @ufL DtruO NO STREET C�Tv zip 0NTE Of Co. m.tATION 119341 HICKORY LN. HUNTINGTON BEACH 92646 12/30/2009 EXTERM[METICS OF SO. CALIF., INC, 1214 E.EDINGER AVENUE SANTA ANA.CA 92707 PH#(714)835-1887 PR1210 ordered By: Property Owner and/or Party of tnte e-v Compleiton Sent To PETER HAMILL PETER HAMILL PETER HAMILL 19341 HICKORY LN, 19341 HICKORY LN 19341 HICKORY LN. HUNTINGTON BEACH.CA 92646 HUNTINGTON BEACH.CA 92646 HUNTINGTON BEACH,CA 92646 PHA-714.402-0181 The following recommendations on the above designated property.as outline in Wood Destroying Pests and Organisms Inspection Report dated 1;414/2009 have boon and/or have not been completed. Recommendations completed Dy this firm that are in accordance with the Structural Pest Convol Board's Rubs and Regulations, 2A,2C(A),2E(A).ZG(A)821(A). Recommendations completed by this firm that are considered secondary and subStandard measures under Section 1992 of the Strurfulal Pest Control Boards"s Rutosand Regulations Including person requesting sacondery measure' Cost a work completed: Cost: $ 1580.00 Inspection Fee. S 0.00 other- $ OM Completion N43:Z0092802.01 Total: S 1580-00 Recommendations not completed try this rirm• 28, 20. 2F, 2H. 2J, 3A. Estimated Cost: $ 0.00 Remarks COMPLETION TAG LOCATED IN ATTIC. a on@t�re You are entitled to obtain copes of au reports and Completion notices on this proporty reported to the Board during the meceding hvo ycarS.upoapayenent er-a search See to =_ Structural Pest Control Board.141 g Howe Ave.Ste 18.Sacramento.Calforhla 95625-3204 NOTE QUOstiona or problems concerning the above report Should be directed to the manager of this Lomparry. UnritsntveD-0ues@one or MOIC014VI h'tieiV'Ce9 performed may be directed to the Structural Peet Control Board at'Pie)SB t-8708.(800)737-8109 or yr w paslboard.ca pov Item 14. - Page 53 71 11 154 3l 6cib EXTERMINETICS PAGE 04/05 I L NVOICE SO. G'AUF, INC. I invoice Number: 20092802-02 Invoice Date: 12131/2009 pection. 19341 HICKORY LN. HUNTINGTON BEACH, CA 92646 GA 92646 Completed: NOTE:AT OWNERS REQUEST A PREVENTATIVE TREATMENT FOR DRYWOOD TERMITES IN ATTIC & Completed: Date of Completion 12/31/2009 Cost: $ 400.00 Other- $ 0.00 (inspection fee not included.) Total Cost$ 400.00 Payments-.$ 0.00 Date:N/A TOTAL DUE: $ 400.00 NOTICE TO OWNER n!,t M,?chanics Lien Law any structural pest control company which contracts to do work for you, tractor, laborer,supplier or other person who helps to improve your property, but is not paid for has a right to enforce a claim against your property.This means that after a court hearing. r:i- ;.,e ��fd by a court officer and the proceeds of the sale used to satisfy the indebtedness. This can 'd your structural pest control company in full if the subcontractor.laborers or suppliers to file a claim or lien against your property,certain claimants such as subcontractors or n t(,=qntire-J"to provide you with a document entitled"Preliminary Notice". Prime contractors and, rint Crave to provide this notice. A Preliminary Notice is not alien against your property. Its P;!ip -e;s iic;1,4-v cif Persons who may have a right to f ie file a 1; ri against your property if they are not paid. h Item 14. City ®f HuntingtonBeach 2000 Main Street ® Huntington Beach, CA 92648 ® DEPARTMENT OF ECONOMIC DEVELOPMENT w Business Development - Housing - Real Estate • Redevelopment 714.536.5582 www.hbbiz.com fax — 714.375.5087 March 29, 2010 State Controller's Office Division of Accounting and Reporting Local Government Reporting Section 3301 C Street, Suite 500 Sacramento, CA 95816 Dear State Controller: Enclosed are the following reports as requested by your office: I. The California State Controller's Financial Report cover form for Community Redevelopment Agencies and Additional Reports for State Controller—Blight Progress, the Loan Report, and Property Report. 2. California's Housing Community Development's (HCD) signature form for Fiscal Year Ended September 30,2009 (report filed electronically with HCD, March 25, 2010). 3. Bureau of Census survey form. 4. Annual Financial Report (Audited)—RedeveIopment Agency of the City of Huntington Beach for the Year Ending September 30, 2009 (2 copies) 5. Statement of Indebtedness for the 2009/2010 Tax Year (debt as of June 30, 2009). If you have questions regarding the enclosed reports, please make contact via the phone numbers listed in the reports. Sincerely, Stanley Smalewitz Deputy Executive Director Sister Cities: Anjo, Japan ® Waitakere, New Zealand item 14. a Page 55 REDEVELOPMENT AGENCIES FINANCIAL TRANSACTIONS REPORT COVER PAGE Entity Name: PMEVELLOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH Fiscal Year 2010 ID Number: 13983037600 Submitted by: Deputy Executive Director of Redevelopment Agency Signature Title Stanley Smalewitz March 29, 2010 Name(Please Print) Date Per Health and Safety Code section 33080,this report is due within six months after the end of the fiscal year.The report is to include two(2)copies of the agency's component unit audited financial statements,and the report on the Status and Use of the Low and Moderate Income Housing Fund(HCD report). To meet the filing requirements,all portions must be received by the California State Controller's Office. To file electronically: To file a paper report: 1.Complete all forms as necessary. 1.Complete all forms as necessary. 2.Transmit the completed output file using a File 2.Sign this cover page,and mail complete report to either address Transfer Protocol(FTP)program or via diskette. below with 2 audits and the HCD report. 3.Sign this cover page and mail to either address below with 2 audits and the HCD report. Report will not be considered filed until receipt of this signed cover page. Mailing Address: Express Mailing Address: State Controller's Office State Controller's Office Division of Accounting and Division of Accounting and Reporting Reporting Local Government Reporting Section Local Government Reporting Section 3301 C Street, Suite 700 P. O. Box 942850 Sacramento, CA 95816 Sacramento, CA 94250 Item 14. - Page 56 State Contro➢ler's Office Division of Accounting and Reporting Fax Number: (916)327-3162 2009-10 Redevelopment Reporting Information Order Form Please check the items you want mailed to you. Automated Financial Reporting Program CD(Instructions included on CD). Redevelopment Paper Reporting Forms (including U.S-Bureau of Census form) Redevelopment Paper Reporting Instructions Statement of Indebtedness Reporting Forms Statement of Indebtedness Instructions Name of redevelopment agency and person requesting the information: Redevelopment Agency ID Number: 13983037600 _ Redevelopment Agency: Redevelopment Agency of the City of Huntington Beach Mailing Address: 2000 Main Street City,State,Zip Code: Huntington Beach,CA 92648-2702 Telephone Number: ( 714 ) 536-5506 Contact Person: Janet Lockhart E-mail Address: jlockhart@surfcity-hb.org Mail or fax order form to: State Controller's Office Division of Accounting and Reporting Local Government Reporting Section—Redevelopment Unit P.O.Box 942850 Sacramento,CA 94250 Fax: (916) 327-3162 Please call(916)445-5153 if you have any questions regarding this form. Item 14. - Page 57 Supplement to the Annual Report of Community Redevelopment Agencies Redevelo ment Agency III Number: 13983037600 Name of Redevelopment A enc Redevelopment Agency of the City of Huntington Beach Mark the appropriate box below to indicate the ending date of your agency's fiscal year. Report data for that period only. Bg September 2009 [J December 2009 June 2010 Return this form to the California State Controller's Offiee. If you have any questions regarding this form please contact: U.S. Bureau of the Census, Shannon Doyle, 1-800-242-4523 A.Personnel Expenditures Report your government's total expenditures for salaries and wages during the year,including amounts paid on force account construction projects. Zoo 1.$- 1,558,551 B.Mortgage Revenue Bond Interest Payments Report your government's total amount of interest paid on mortgage revenue bonds during the year. 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',..,.. <., („ ♦.!I...0 r<,..,,r..: .,, n...,..,rM,,,.: ..l.a. ��yr g 3, '4�-r 'd'a f3® y Fiscal Year -.�:•�. u:;`,��,_-,�*^^k -err. -�a Q(�6„YIr+�� C,ai$"� r: 1�r j., a .Y hr,SY?:t!.vda;Se s "'e¢;.�).8 ': yy almea a�,r.-,�•n^r: ,.,i-sr'= ;s•r 'r 4LIe:�V,u.aT, f.rR.I'sS. ��! .�• n',",�rk3i.. f. ,S ..,1 deYnP >d�:.4.• -";1,.',q...r.� k �/:, „fin �; a,,::r .,#, iil te, M,.w:,Li:h. �S X;=,s� "5 '� aMi}( ;, ;L:a�{f Ka e,F„� s..,�l e;° s, ',: IP;'one g1S'�US` 5..F ,,,4aa ^.T+.i + y` F; Y' r { �iv.,v(;yy .,�.5,`;'•,.5t>. "F ^,e*, >•,•1 ;H*::v xddac�'cyiswScW.k..:r;:»^itd3,:y,�' ';! :uftw�n6i;`.:�.'?.: i1�.t•7 � .��qq4'�a�_�,: ��N. �•' 1 D�' :.. <��ti i�A`♦`i'yzri,��, yy vq� T;. °*^•il `FA��tr ,?',`;tl:t ���\�a���ti,}t3 �'�,p:S,F� 3Sivz1s.�3t>�`4`�Cw4 .,.��a>at:., ,I�ri. „.., R'.-�slaL r• �a14.�.� a 1,a»'`.,3:c:. .y.,;,.x,r..rt� `a�"-s_ ;`i-drvsa.,�fklr'r( C4a)rp®rson. Cathy GreenZe �ttiue�pire ,pr,,u Wilson --� Fred (714)375-8465 ..u.>,I.x. ,1..,a£a'" «�ry 'm z�d5;t! :s^..n 5µ=t:k'�s��. 't ,F�%L�t Me'mgr-`v Jill � j Hardy Ya00#ir ;, Bob � Wingenroth (714)536-5225� Keith �� Bohrc:t Flynn Joan _� (714)536-5404 Joe _. � Carchio x Win „ ..�. :•�,; � `_ �— Meijkei "' x Gii Coerper "Fa Diehl,Evans and Company,LLP Membecu'4;j;"`i Devin Dwyer isa7. IN �1 F« .>•,,;.,,,::. i� st ' r Janet Nt: %ee,xfs:x < Don Hansen a�"" „ Lockhart Nitin 6 2000 Main Street 5 Corporate Park Ste 100 Membejr, ;, Huntington Beach^�1 Irvine �� ' CA CA Mailing�Atldre$sr . ;� a 92648-2702 92606-4956 Street 1 2000 Main Streetc�t (714)536-5238 (949)399-0600 Street 2 iFinance Department City Huntington Beach State CA Zip 92648-2702 Phone (714)536-5506 ® Is Address Changed? fD ;�,�� Yp7'u=y-,><,�; x,• ;y� -q:pq .�'Wxvu.> �- , "':�"�,.,�;`" ' n:Ana: "'�' w, Y q 'zF �L�n," xs '��'",�i',�,�k,•��":r`'ic:a^�'3:T:'^ P�; ''"S"'�,�„�°«%:es{rG,'z�+,i�',<•,� ,:.,G'II'y^'I�kaC� G k' P`t Y. , 1, t••.. asti ....,.. :ac:.,"s*.ss,�ta'w:':de:�:r.'�z: $ra;.�i$i."i:.C;ki,�.:�:', fr�.,.,....':kr....,„.. pptl� hY U1 oil tD „erw w�.� .,� a;:x'. , r9K.7Yu� a d5€✓p.' .fir �' �.�a x.arlr.x� .ok,. .aka 5.. .u,'L,.«A<<m..:,ru"'».n:,�,C� .,i��.t.; ::.F,,. M.e n. ..,:C".,... .. ..-c.'„•..,.: Fy'i;:Fr,,,::,,"M .>i:`W'S'�,',n+,sr"J.',C';�r,'�Y:•." .:�, ,�::F.> yj,'.T ,:;}'dYR„4.> ':l:'o .. ..... .. .....,-,-.. .. <, ,.,,, ,. ....0 a, , ,,,,,.r,;<.:.,cn}fi'. :�N 'Y'!Fk .,as,..;..:a�`.:: ..!_x,>..az''%.,•.,iY;r , Fiscal Year Indicate Only Those Achievements Completed During the Fiscal Year of this Report as a Direct Result of the Activities of the Redevelopment Agency. Please provide a description of the agency's Square Footage Completed activities/accomplishments during the past Enter the amount of square year, footage completed this year by (Please be specific,as this information will building type and segregated by New Rehabilitated be the basis for possible inclusion in the new or rehabilitated construction. Construction publication.) 4 ' r � Commercial Buildings 111,802 During this year,the Redevelopment Agency of the City of Huntington Beach Industrial Buildings continued to implement the projects that were described In the Implementation Public Buildings ---^144 —V� Plans and the Ten Year Housing Compliance Plan,namely: Other Buildings HUNTINGTON BEACH PROJECT(MERGED AREA) • The Strand Blocks 104-105 in the Main Pier sub area Total Square Footage 1 11 9�46 _ _0 ( ) � • Pacific City i Enter the Number of Jobs Created Do City Nights• I • Downtown Specific Plan(DTSP)/Downtown Parking master Plan(DTMP) 1 from the Activities of the Agency • Hyatt Huntington Beach Resort and Spa Types Completed ACDE Waterfront Hilton-Resort Expansion Huntington Beach Marketing and Visitors Bureau(HBMVB) j A=Utilities B=Recreation C=Landscaping D=Sewer/Storm E=Streets/Roads • Bella Terra I • Bella Terra II i F=Bus/Transit • Specific and Economic Revitalization Plan for Beach Boulevard and Edinger I Corridor • Huntington Beach Automobile Dealers Association, Inc,(Auto Dealers) < • Capital Improvements and Facilities SOUTHEAST COASTAL PROJECT • Utility Undergrounding • Magnolia Sidewalk&Pedestrian Lighting • Seawater Desalinatlon Facility HOUSING • Acquisition of the Patterson Lane Site Jamboree Housing 1, II, 111,and IV "•1:i;Sa�,:Jo:: „„. fir, e. %?":', N-6 s',;��"'C'S' .tfi."v ✓D"r, u �X•', uc. .r.,,e.�,` 6 .u.:P ,ri a ,*� ^''` �,., ,`"v'? S'7."��i.. •�. x. 5_ a. ,+. �' ..r,.},'' .y. ,,t.. �j s. f 's;fr= v R a,a s}'a..•..L::u eri".szn. ..'.:, ra..,,,5''��W[,6P.J .,3, ...`z�v 5.�4 � 2,. �.°ti�k :... �>�`.{�.'',E*.-r,.riv..rN Y, .r, .. a::l,. 4, eY: �.�,, .. ,y +k.. M ."� .. .Y! . C3r. �t.., ^.+.:.•Y' .y :'�'„�°•<.t,,:s.. ..*xt:'�, ,:i i A k, ,.:4" ^a"+.. "f r..&.>< �Y`f^ Mal a,.� `G ,�k „1,f� f9Y: -'� Achieve e t<Infor. :a#ion>rUn udlt x.. #?` e;• a.,.. I29f2 UL No, ;,1,> .. � PYw�i.�'.� � r, " ;��ua ^� �y3,,,.���' ':'• '1�0,,> "MS•K F 'HL' p .Y' tiNkui,:.:, fPY.:e�.. .., ,,,,,:..,�...1...,... r'-r,,. ::::r,„�, s,P.,� W,'..�,'.:v.-��:«,;,§,;.,s, ups„�1.,� ^.-b..cEft�:" "ssr. .•,w'.r^'.c-:<z t;e y� -sE..,.i. .adr krwx...,&,t`.;a. ,<.k.... :�..- _�x., i r,c.<,,.:,:-.,.�.., .,z.rt-";.�:<,.,.. ..., ,_e r,. .�";8. ,u'I �`'f'<"x _u ,r,k4� r w.m:2�.. �f.....:s•�-.S:�x ,��. .x. �+ a "��. .,�r„ a,.g,,,.�., .,,....�a raxv33�1„.wa�o_^�..........:.:_,.....�r°4,ae.�,,,,_.r,_.. .. .. .......... ... ...,..., •..��_ .._.....,.,.„_.....,>, • Garfield/Delaware, Heil Affordable Housing Project • Colette's Children Home Keelson Lane • Pacific Court Apartments • City of Huntington Beach First Time Homebuyers Downpayment Assistance ! Program(DPAP) i ADDITIONAL REDEVELOPMENT ACTIONS TAKEN DURING FISCAL YEAR E 2008/2009 Budgeting,of Potential State of California ERAF IV Shift(AB 1389) F* �'>,g.,t�Y'.�1 "°y",x:1x.^."i ;:LF:�:..Y B:M �'•:iC;`�. ��l;;< •aC@Mr'? 'g'.2r>C`�5'S '; .:'.�*-. ,'� ..,.�4.=tr.:�s.,�''''.i! ;-zr?yc''' .r•� fi'.. ttX.�`dk��•qi�:"' kr4�3 `. � .�,:> l kk, 4>W, >}]} ,.,V•„ ... ...<�1!,.. .i�r n � n,. rem"S ...;4x:' �.i-,,a� v'>T ..a altt"��2#',���...' i.). W 9,L'.Ot ' V N WIN., .l�i'.,.i;vi•,^:=,�., �•;:. .... .= r!{5s:,= ., .. .. .�,;.,....r' .�'. �.�. ,.>ii. .. ........... ._„.... :...,,,.,r>..SIR..`:`^�.r.',.3� �,...,.:.a^,. •��'.»+..r.•r' .,�. -......a.:;,..;<; gat' „>1;•.. :�`�^; ?`=�z-,. ,,..,.., .,.•.....,....., ..,. ,,.,ter�...:.:.� „<,.„r:..,,.,,.,..;..,,,. pp1 !if PRi 0' — Nil >�.:� Fiscal Year 2010 During this year,the Redevelopment Agency of the City of Huntington Beach continued to implement the projects that F were described in the Implementation Plaits and the Ten Year Housing Compliance Plan,namely: x HUNTINGTON BEACH PROJECT(MERGED AREA) • The Strand(Blocks 104-105 in the Main Pier sub area) • Pacific City • Surf City Nights • Downtown Specific Plan(DTSP)/Downtown Parking master Plan(DTMP) • Hyatt Huntington Beach Resort and Spa • Waterfront Hilton-Resort Expansion • Huntington Beach Marketing and Visitors Bureau(HBMVB) • Bella Terra I ? • Bella Terra If • Specific and Economic Revitalization Plan for Beach Boulevard and Edinger Corridor i • Huntington Beach Automobile Dealers Association,Inc.(Auto Dealers) • Capital Improvements and Facilities SOUTHEAST COASTAL PROJECT • Utility Undergrounding • Magnolia Sidewalk&Pedestrian Lighting - Seawater Desalination Facility i HOUSING • Acquisition of the Patterson Lane Site € • Jamboree Housing 1,11,III,and IV • Garfield/Delaware,Heil Affordable Housing Project • Colette's Children Home Keelson Lane • Pacific Court Apartments • City of Huntington Beach First Time Homebuyers Downpayment Assistance Program(DPAP) ADDITIONAL REDEVELOPMENT ACTIONS TAKEN DURING FISCAL YEAR 2008/2009 • Budgeting of Potential State of California ERAF IV Shift(AB 1389) i 1 i 's s a i I i i Item 14. - Page 62 ._ter ^'��,, �tl da � ,?; h t.. "�.�'� ��;•' ,�:».,,�<w r": "�,�d;'6�.>a� �w�:�=r�' a,.�..: 71� .3, Y.!�;j�';t'I`�yyp .:k• �'� i:iuf^:r. ": a:'<'9�'�.�-, .�.:. �';�)�C' y'��II��Y ilY/' d a.l' r<�"!'R'i(���'�.}�: •F.,�... x.�.;:5.: {I'^. . �'!: ! N,.is<�.. i'. .� �.� yr•.��. �' a,n. N .� *.�.:*C'� xa, rt,�, <:L:..,N°.L, r' .u..ad': „�� -� ,.�. ��c.^._G ""1.5:;•����,:s;.� �' •'k= it .> .�n k Q'e h Fiscal Year k:aas0l�k Was the Report Prepared from Audited Financial Yes If compliance opinion Includes exceptions, Data,and Did You Submit a Copy of the Audit? state the areas of non-compliance,and describe the agency's efforts to correct. Indicate Financial Audit Opinion �—Unqualified If Financial Audit is not yet Completed,What is the Expected Completion Date? If the Audit Opinion was Other than Unqualified,State Briefly the Reason Given Was a Compliance Audit Performed in Accordance with Yes Health and Safety Code Section 33080.1 and the State Controller's Guidelines for Compliance Audits,and Did You Submit a Copy of the Audit? Indicate Compliance Audit Opinion jUnqualified If Compliance Audit is not yet Completed,What is the Expected Completion Date? tD Sies4Cx��`,'�'��":u•4%:�� �nc±m�c�.^p`ryye•!' �•,•i5e;;a7;-c':*n�� 3* y r 'ri ,�' s,•r ..z, p; � �SAt��lr}�n�oi:...at�o ��` �"�,� ''��� ������u�3�•w.`. �,. �'� e" <F, �- .r � .,>Mx.< .►i„1�. �; ^.�,x„ � o r;� 3� )� rise;, '�„ ,;ate ?>c' ��� a 3 F^�:;z�::�� r,-,:��p�''d,•;�,�. ,.�.."'�.' xtl a.�#'�� .iG'•F.e�i. .k:' i,s';; �.� �, 5" ah .4: ? .�J ,a�` Y ,<, .. .�:.:,.•,�,,, .,�.a....s.,•,...v<.v..<xxn:..v.v;:..�'r....:_...a......<�v..n..c`!,x'!7iJ. .......�.J:�✓5................i.:tl�i;•. ..u.,..,'Y'.a....3..,.........«.,.T"s'N�'Rxa...€�.... ,.......,..�..n..'rnu....�3,�.,.•..,-r ,�...-.....,.vDzf:':.,"1,.. ......a:„aS.�$......ar:,�".�:..r.,.......•...-....... W W fD ::.t.'`,`'u,S;ro„t: i5j'! C.; �':i"v,a•u, px "[q.4 '•,1' "d.I ,' I I,.!i B„'!'" d''+•b'C';,Jtii�c',na2 ,, yyG i,� d `,IN �' a' ,.4 ,.a fr•; :,y-y>�a� a. '�: �, Ra ^rwa�",.dr4. r .4. ,:. �� � ;�z,, p,:•.:: ti Via., ^.'i i L. yy gg 1. 4'' •u, ,J r a a4av „R -�' '•� =uY :�x. 2v :�".�;'^�1�vCa.s Yuba.. , ' �.C.,f.� .�', .,1�'. �8 �.,1.' �..� ;;..�,n�, .P � „J7i -t ri " aa`v• .eietl �I� 'yx• .,.C. ,",��„ .ti,�.4�r: 'et;y��y+! 4,Cf3 txl.'.�,h,� i�+.p" :�t ,nl. ,r>...5„%"�•��„pre7 .. t D.i�,, r,�i: rf ed;'I]��,.Yi ap„.•I�p3 i�.,iy.,. # 4 ,� .`-Ei�iSl' s.�•. "isC ;I Yeah �x,,_,k20;; 0`_ �,, •, , � r j;esrt„At'e, .tVa, a .,..: R gConsoiidated Low and Moderate Income . ;.8;. 4t:4cra w'r• 5 . .l...t rd-:, c5 l .qqF ;_ „�;•,>a ;„r .�-,w. mr-R Housing Funds � vy;ua.:.z�,„ .s�..:,2=� �"a,;,P�..,n:�;�".��;,,,,�,1„ ,:J,;.NH?,�x?9i,; ?�,9,..`�,V,`",� sa'�•'Nr.,x g ll�.:.. t rr'" �'! p Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Forwarded from Prior Year? Enter Code for Type of Project Area Report Actlufl;,i'k eu,v;, £F . p.•--....�Y..�-a?�...r.. P=Standard Project Area Report A=Administrative Fund Housing Activities ( L= Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program ( 0=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area 1. Acquisition of the Patterson Does the Plan Include Tax Increment Provisions? —�� Lane Site--The Redevelopment Agency has acquired a vacant Date Project Area was Established (MM-Do-YY) parcel at 18541Patterson Lane for using $522,500 using Housing Set Aside Most Recent Date Project Area was Amended funds,intended for a Habitat for Did this Amendment Add New Territory? Humanity project. Habitat is proposing the development of two to Most Recent Date Project Area was Merged three single family homes to be sold Yes to qualified, lower income families. Will this Project Area be Carried Forward to Next Year? Construction of the homes is Established Time Limit: scheduled to begin in late 2010. 2. Jamboree Housing#1, Ii, III,and Repayment of Indebtedness (Year Only) IV—The Agency and City of Huntington Beach assisted Effectiveness of Plan (Year Only) Jamboree Housing Corporation,an New Indebtedness (Year Only) Orange County based non-profit housing developer and designated ( Size of Project Area in Acres CHDO(Community Housing a Percentage of Land Vacant at the Inception of the Project Area —� Development Organization),to Health and Safety Code Section 33320.9 xx,x% acquire and rehabilitate four y ( ) apartment buildings in the Oakview Percentage of Land Developed at the Inception of the Project Area — � sub-area. Completion of the projects resulted in the preservation Health and Safety Code Section 33320.1 (xx.x%) and upgrading of 19 affordable Objectives of the Project Area as Set Forth in the Project Area Plan rental units which will continue to be i made available to low and very-low (Enter the Appropriate Code(s)in Sequence as Shown) .._�.....fT.,,.cr........t..,•_r,.n_....,..,...,,_...-.tea.-...__...i R=Residential I=Industrial C=Commercial P=Public 0=Other •`1,i�y ��.1}''74��n.�3;ii'i4in4Y. i;f�„4'7,7�i'I�t�';�� �Kyr,'u2Jg!2:,vk-," " cea y}.�. .,+�� I,,� �� N I iM..��1p'44 t-. ''^''U,a,�^�Yifi�;4�i�iu"SEti'ro��;'t,'.iY��i��'t����k�"ScnP.i:'�dt.���%','?!& k�k�f�!:��w'�J�ri�v �b 'Y'�'._. •!i C�'^ � 1� ...,:f".."`w'Yil 6' i I` ��E,w. C, gl�� PINMINOR - .! 11 Is ea 2010 5° Iro Consolidated Low and Moderates ,- d `• :r Income Housing Funds :s Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Housing Activities I 1. Acquisition of the Patterson Lane Site—The Redevelopment Agency has acquired a vacant parcel at 18541 j Patterson Lane for$522,500 using Housing Set Aside funds,intended for a Habitat for Humanity project. Habitat is proposing the development of two to three single family homes to be sold to qualified,lower income families. Construction of the homes is scheduled to begin in late 2010. 2. Jamboree Housing#I,II,111,and IV—The Agency and City of Huntington Beach assisted Jamboree Housing Corporation,an Orange County based non-profit housing developer and designated CHDO(Community Housing Development Organization),to acquire and rehabilitate four apartment buildings in the Oakview sub-area. Completion of the projects resulted in the preservation and upgrading of 19 affordable rental units which will continue to be made available to low and very-low income families for 60 years. The timely completion of these projects represents Jamboree's commitment to produce quality,affordable housing and community programs for residents living in the Oakview neighborhood. The funding for these projects has been HUD HOME Partnership funds and Redevelopment Housing Set-Aside funds;the Housing Set-Aside funds also serve as required HOME"match funds".In an effort to use available housing funds efficiently,in 2009,the City substituted a portion of Housing Set Aside funds with newly awarded HOME funds on the Jamboree IV project. The project is expected to be completed in the spring of 2010. Jamboree will provide on-site management and tenant services for the tenants they serve. 3. Garfield/Delaware,Heil Affordable Housing Project—The City of Huntington Beach acquired two parcels of property at the northeast corner of Delaware St.and Garfield Ave.,and three parcels along Heil Avenue,as part of recent street widening projects. The parcels are currently being appraised as to fair market value and,therafter,will be offered as I surplus land parcels following the exercise of due diligence in connection with the noticing of various public agencies, as required. The Agency may purchase the residentially zoned properties from the City and thereafter develop affordable housing on the parcels. ? 4. Colette's Children's Home Keelson Lane Acquisition/Rehab Project—The Agency assisted Colette's Children's Home,a non-profit housing developer and CHDO,with$2.1 million dollars in Housing Set-Aside funds to acquire and rehabilitate two apartment buildings in the Oakview sub-area. The completed project will preserve as affordable 10 housing units of varying sizes,including two five-bedroom units to accommodate larger low-income families. Currently under construction,the project is expected to be complete by June of 2010. During the coming fiscal year,the City and Agency will be working with ColetWs to acquire and rehabilitate,and possibly construct,additional units on adjacent parcels. Colette's has demonstrated a strong dedication to the development of quality,affordable housing and community programs within the Oakview sub-area. 5. Pacific Court Apartments—In 2008 the Agency expended$7 million in Housing Set-Aside funds and$500,000 in HOME funds to assist developers,Orange Housing Development Corporation and C and C Development,to acquire j and rehabilitate the 48 apartment units located at 2200 Delaware Avenue. The project,now known as Pacific Court, will provide affordable housing for 47 very-low and low income households and will be completed in the summer of j 2010. Once completed,the interior courtyard and greenbelt areas within the complex will provide an area for E barbeques or other family activities,and a playground where children can play together. Pacific Court is conveniently located directly across from the Boys and Girls Club which offers youth services and programs to children who live in Huntington Beach.This complex had formerly been deemed uninhabitable by Code Enforcement,City Attorneys Office,and the courts. 6. City of Huntington Beach First-Time Homebuyers Down Payment Assistance Program(DPAP)—In May of 2009, the Agency approved the appropriation of$1,050,000 Housing Set-Aside funds to set up,utilize,and maintain a DPAP revolving loan fund to provide down payment assistance loans up to$100,000 to eligible moderate-income households purchasing their first affordable home in the City. Under the DPAP guidelines,families working and living in the City will be shown priority as to loan consideration- The Agency is working with Affordable Clearinghouse to administer the DPAP Program. To date,a total of$469,000 in down payment assistance funds have been approved allowing six moderate-income families to purchase an affordable home. Six more buyers are expected to be approved during 2010. An additional$500,000 is being appropriated in 2010 to assist other applicants. Additional Redevelopment Actions Taken During Fiscal Year 2008/2009 1. Approval of Potential State of California ERAF IV Shift(AB 1389) Upon becoming aware of the State's intended one-time taking of redevelopment funds from redevelopment agencies in the State to balance the State's budget,in Item 14. - Page 65 .<' Q 12 NO n �.,.... ..� sue- %�. - _ �_•a,. r.+r . Consolidated Low and Moderate Income Housing Funds . �,` ram. 2009,the Agency approved the shift of a required$1,106,473 from Merged Project Area Debt Servicing Funds and Low- Income Ncusing Funds. However,because the State was defeated by a lawsuit against its intended actions,the ency was,able to retain these funds for use on other projects. Item 14. e Page 66 t' aura .��;. S>".. .�.;a.s��. e��O.BCta �8 r"�',u[C7,ft«�+,.?.�;_��'��..a � R�". •..� S .��> ,..rr,. �;�� !• P', rr,J£ ."�1�, �F. 4•,.j,l�:,j{, 'x °.{PX11 ..� 3�°J ic...tr �. „'k r '�� �� . . ? •,?, ,„.s r .:�`. ,P�'x��r<a�# '�>�k.? � '��>x�,� ,at:���`�..� d��". ��r. _:� n�9r r, �kii "6. �a�'��;,;�� .r;.;:,.;,.. 'r.,:r�%",.,ti;g,. ,d3;+,k`, r°F �.g ,;•,.a..,as .tiv.,; .,tl. 'd`>, t �, 'e., i,k„ >,x3s„ 3• .sx�d, ,..,a •�.,,�,�>, »Nrvx' �' ; ��',.>.�i;.,, ; ;r" aa, a.a rya •.A, r`��` '+a•, C5,5+M$3? ,Z, �,,. .# d''�� ��+„! :d;V. -s ,Z, �� v, ..''',�` ar.t" �..,�,. ..� .li,. ✓x�il'eY E ...',„�i'n; «� a t .! gib. .�. �1.ttt Huntington Beach Pro ec � :z,�,a: ",;;%�",x.. .,�i;3 .z.��:�,.. ti;X��''�`�;ti��,'t�,`,•C`:k ,'."".w,.,�°': "°�nG��,r:' €� .,•@'uA... ,?'F9:. >, S-k„k �'tr`.- ,��� •r64e`�.t�Nrt.S :„�, ��&,`,.�eT,2g'v.�a.`,7,:�z::es$;�'a' w.;;�:y"�"�"" �,� d"':,..J:��»Aced 'L��i Area g+ No. 1 � k + "' -, .n..,.,n.+�:._.'.,....;,i _n;`se_:etc`��a�4ur�'Kn:•a....,•'��`S°+.�9rsua.........�e�k•, �dweir kra"N"�'�s�4-.._�x_ ..f fi.�r x... ,... 4z Nr..,.... ,. „r, ,,.,. - , «. .-.. ,« ., n. �i;ae Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Forwarded from Prior Year? u , Enter Code for Type of Project Area Report P tR P=Standard Project Area Report A=Administrative Fund Huntington Beach(Merged Project L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program 1 Area) 0=Other Miscellaneous Funds or Programs S=Proposed (Survey)Project Area 1, The Strand is a multi-use project 4 Does the Plan Include Tax Increment Provisions? �— Yes developed by CIM Group on an Date Project Area was Established (MM-DD-YY) 12/16/1982 underutilized 3-acre site in the I downtown area that officially opened Most Recent Date Project Area was Amended —8/5/2002 in May 2009, Development of The Did this Amendment Add New Territory? No Strand was assisted in 2009 with a ; Sixth Implementation Agreement. Most Recent Date Project Area was Merged — 7 Through this Agreement the Agency upgraded the hotel being S Will this Project Area be Carried Forward to Next Year? Yes constructed on the site from a 3 "limited-service hotel"to the j Established Time Limit currently constructed boutique hotel, Repayment of Indebtedness (Year Only) 2034 to adjust for recent changes in the economy and demographics and to Effectiveness of Plan (Year Only) 20274 attract more visitors to the area, New Indebtedness (Year Only) ^20241 create additional jobs,and ensure j long-lasting,high quality standards Size of Project Area in Acres for the hotel component of the Percentage of Land Vacant at the Inception of the Project Area project. The$2.4 million modified financial terms offered by the ; Health and Safety Code Section 33320.1 (xx.x%) Agency enhance the sustainability Percentage of Land Developed at the Inception of the Project Area -95.0 of The Strand and the project area Health and Safety Code Section 33320.9 xx.x% as a whole,Also in 2009,the City y ( ) and Agency allowed a transfer of Its i Objectives of the Project Area as Set Forth in the Project Area Plan �— RCPO interest in The Strand/CIM DDA to a collateralized property portfolio loan ` (Enter the Appropriate Code(s)/n Sequence as Shown) R=Residential I=Industrial C=Commercial P=Public 0=Other fD 0 0 T W (6f ;;,cc,::,'.c;a— gsr,.,gr;z: a;•.gsaaM,�hc;,vy:,+a„'t..—cnr.:asr'.s�'.. .r9T•''-cassias..-�:wp,r::h:`: cy�r-z.:+pe:r,` �.?:>:�,•; o-sw 'r*'+ s, _ ec� q "=+„`�: ..,,.;,�.�t�"�'Kls„C....,;�k*`r$,s;.i,i rtaa, +�,9�z8t�;�' S�"'iti�5,.�ry�•k .v "�R^'a .d.:z+�ro .�:r�.�".:",. .a ^''r,. .'�,�. af. f1Oj9Gi ;BA©(tx• 4 N.s ,.> �.k,��, t z k, w(4:7n4+.3t'? 9°y ,t - 'T. S:,,'-X..br«. =54•'>i`}�,+�z�i3'�;t"...`*r',., a ..,,� .q�.. .�` 'Y ��";.a•5,< �`.S- � e Y- '"`4 Y, 'v.a«'xr. �^2". j 'fix tC- �, r ` �--r ecire ak�l h� Huntington Beach Redevelopment �x:< ire _ ..�a�✓g"f„sr-.>A`.�?�,;.• .3 y��,yk�-�a �"v?�"�iP�` �-->i':,<;...<r, ..., ._. ._-.,yk.�,`;..,..�;tr,,,�s;?.xs:%;� ...,_s:.,,.<✓;.:f saS_-»...« __u__.x,..._.._,....,,z, r.._ —< ,.,.._. .. .._<_.__w.M„_...>..,., ..,,.,,.... Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Huntington Beach(Merged Project Area) 1. The Strand is a multi-use project developed by CIM Group on an underutilized 3-acre site in the downtown area that officially opened in May 2009.Development of The Strand was assisted in 2009 with a Sixth Implementation Agreement Through this Agreement the Agency upgraded the hotel being constructed on the site from a"limited- service hotel"to the currently constructed boutique hotel,to adjust for recent changes in the economy and demographics and to attract more visitors to the area,create additional jobs,and ensure long-lasting,high quality standards for the hotel component of the project- The$2.4 million modified financial terms offered by the Agency 1 enhance the sustainability of The Strand and the project area as a whole.Also in 2009,the City and Agency allowed a 1 transfer of its interest in The Strandl DDA to a collateralized property portfolio loan containing six properties, i aggregately valued at$145 million. This action allowed CIM access to the funding it needed to effectively lease The Strand project site and enabled the City and Agency to better control development of the site. The Strand offers approximately 110,000 square feet of retail,restaurant,and office space within four distinct buildings,laced with open- air pedestrian walkways and public art- The Shorebreak Hotel,located within The Strand,offers 157 luxury rooms and Zimzala,an authentic coastal Mediterranean restaurant. The Strand also provides ample parking which is available for customers,employees,and Shorebreak Hotel guests. Nearing 100%occupancy,retail tenants include Forever 21,G by Guess,Sketchers,CVS,Active Ride,Rip Curl,Marilee's Swimwear,and Angl. Dining options include Johnny Rockets,RA Sushi,Zimzala,and New Zealand Natural Ice Cream_ New tenants will be in operation by late spring 1 2010,including Sertino's Coffee,and Innocean Worldwide,an international marketing firm with over 150 employees I that will lease all of the office space.Most importantly,The Strand development has generated more than 150 job positions in the retail,hotel,and restaurant industries. 2. Pacific City is being developed by Makar Properties on a 31 acre site at Pacific Coast Highway and First Street. A Community Facilities District(CFD)is proposed to fund the majority of the offsite public improvements such as street ; enhancements. The residential village,totaling 17.2 acres,will act as the cornerstone of Pacific City. There will be 516 upscale residential housing units built in four phases,ranging in sizes from 969 square feet to 2,500 square feet.This residential community will encompass a 191,000 square feet retail center featuring luxurious retail brands,prime office space,dining and entertainment complete with 1,215 parking spaces for patrons. Pacific City is scheduled to open in late 2014. The"W",a 157 room boutique hotel,is expected to open in Pacific City in 2015. This will be the first W Hotel in Orange County and first ocean-front W Hotel ever developed. 3. Surf City Nights is a street fair/farmers market that takes place from 5-9 p.m.on Tuesday nights on the first three blocks of downtown Main Street between Pacific Coast Highway and Orange Avenue.Surf City Nights began as a three month trial street closure of Main Street and developed into a weekly,year-round event. The event is now maintained by the Downtown Business Improvement District. Due to the success of the event,residents and visitors now regularly take an evening stroll and dine at local restaurants on Tuesday nights. The street fair includes a farmer's market,live , entertainment,children's activities,retail sales,food,arts and crafts. In 2009,the Agency approved the design and procurement of portable bollards for the closure of the downtown area to provide more efficient,economical,and aesthetic pedestrian safety and emergency access to the downtown area during Surf City Nights- The contract for construction of the specially designed bollards is expected to be awarded in 2010. 4. The Downtown Specific Plan(DTSP)and Downtown Parking Master Plan(DPMP)wilt assist in the redevelopment of blighted and/or underutilized parcels.In order to complete this task,the Agency hired RRM Design Group to develop land use provisions and urban design guidelines that support and encourage a mixed-use development community. Meetings were held with the community and'interested parties,along with property owners as part of the environmental review process.The Planning Commission approved the DTSP and Environmental Impact Report in October 2009, after seven study sessions and public hearings. The City Council held the Public Hearing in November of 2009. 5. The Hyatt Huntington Beach Resort and Spa,a 517-room resort,offers ocean-front spa and conference facilities. The Hyatt opened for business on January 19,2003. The Developer's Advance Loan Balance is estimated at$ 6,607,393 as of December 2009. The hotel paid its second Participation Payment to the Agency in 2008. A Third Implementation Agreement to the Disposition and Development Agreement(DDA)was negotiated between the Redevelopment Agency and Mayer Financial,L.P.in October 2008. The Third Implementation Agreement relates to the time frame for development of the northerly adjacent"Parcel C",where a new high-rise hotel with additional conference facilities is being proposed(see Waterfront Hilton below). Each extension of the Agreement by the Hyatt triggers a payment of$250,000 from Mayer Financial to the City to compensate for an estimated loss of Transient Occupancy Tax(TOT)that the City would have received with a timely development of the newly proposed,additional Item 14. m Page 68 . >ea psr ON 2010 Huntington Beach Redevelopment Y ' r ¢ ° Project Area No. 1 f^ hotel on Parcel C. The project also pays lease payments to the Agency on an annual basis. f > . 6. The Waterfront Hilton is working with the Agency to develop a third branded hotel on the above mentioned Parcel C,which is located between the Waterfront Hilton and Hyatt Hotel sites.Like the Hyatt project,the Waterfront Hilton project also pays lease payments to the Agency on an annual basis. 7. Huntington Beach Marketing and Visitors Bureau(HBMVB)promotes the City as a destination to attract and retain jobs. The HBMVB requested that the Agency provide a loan in the amount of$50,000 to help fund a strategic } marketing plan aimed at promoting the City of Huntington Beach,including more up to date printed,electronic,and social marketing tools to draw additional vacationers and meeting and convention groups to the City. The interest bearing loan will be repaid to the City over the next five years. 8. Bella Terra 1,formerly an outdated 56.5-acre retail property known as Huntington Center,was transformed into an ' entertainmentAife style center. With the approval of the Second Implementation Agreement on September 17,2007. the Agency commenced payment of its obligation of$15 million to the developer. The balance of these obligations is $14,532,000 as of September 30,2008. The approximate 1,532 space public parking garage,funded by the Community Facilities District 2003-1 (Huntington Center),opened on October 1,2005. Plans are also underway for the opening of a new Whole Foods Market in the Fall of 2010. 9. Bella Terra II was initiated when DJM Capital Associates,LLC purchased the former Montgomery Wards 13.5 acre portion of the Bella Terra site,a parcel left vacant for a number of years. DJM Capital has amended the Bella Terra specific plan and the environmental impact report to allow construction of a mixed use project. DJM has been entitled to develop"The Crossings at Bella Terra",a mixed-use project that will consist of 156,000 square feet of retail space and 503-700 residential units.The Agency is currently negotiating with DJM on the various commercial and housing elements comprising the project;the project is scheduled to start in the next two years.The Agency may assist with the 15%inclusionary housing to be built on site. 10. The Specific and Economic Revitalization Plan for Beach Boulevard and Edinger Corridor was a joint effort of the Agency and City to enhance and maximize the potential of the Beach and Edinger Corridors(two major thoroughfares in the northerly part of the City). An analysis that took into consideration economic trends and community goals suggested the need for possible land-use changes.Meetings with community members,property owners,and other interested parties were held during the last two years.A Public Hearing regarding the Beach Edinger Specific Plan Environmental Impact Report was presented to City Council and the Agency in March of 2010. Beach and Edinger Boulevard have pockets of blight and vacant parcels. 11. Huntington Beach Automobile Dealers Association,Inc.(Auto Dealers)—In 2009,the economically pressed Auto Dealers(comprised of ten dealerships)requested loan assistance from the Agency to pay for continued operation of an electronic reader board strategically located at the entrance to the Beach and Edinger Corridor. When approving the i five-year loan in the amount of$226,893,the Agency also provided a grant to the Auto Dealers in the amount of $30,304 to provide needed capital repairs to the reader board. The reader board has functioned as a vital tool in directing customers to the dealerships located along Beach Boulevard and provides a venue for advertising community services and special events.The Auto Dealers will repay the loan over the next five years_ 12. Capital Improvements/Facilities-The one time revenue of$19 million from the Redevelopment Agency's participation payments from the Waterfront Residential project is funding various public improvements within the City's i Merged Redevelopment Project Area_ The revenue received during 2004-2006 will be expended over seversl years through the City's Capital Improvement Program(CIP). Approximately$18.5 million has been allocated for capital l projects that include the Civic Center seismic retrofit(matched with FEMA funds),drainage improvements,concrete and asphalt replacement,streetlight replacements,restrooms north of the pier,permanent buildings on the pier,a visitor's kiosk at the Pier Plaza,internal building modifications for the Main street Library,and fire station renovations. The Surf City Nights pilot project was originally funded through this revenue source as well. All capital projects should be completed in 2010.._....._._.____.,_ _.._._..M... _.._.__..,.,.. Item 14. m Page 69 r � 1 ;-,.:-%::,'.,.<,,;..',::;::.e:','.,:.,;.;,;.'.,,. ;,y. «a:;�`t�-1.:'•ayvi'12ili?�d .£.::.r."; .r-'ete�:•Yz'',�.°,'. i" '.'�<. .. .........::..: ..� ,. ' .,.!,:,.: .:.a,<✓, „., r..,ml yr, .,....,s.n.3..� .. ..,. ..e5,,., .; .,,,s_ .. ...: .. ..:...... :�.. ,,,,....,..,n.:,:i;e a ., .., : , 4•, 1 - •,ill' '41' 1' A r: 4 , ` . ir�,;;?;�,� Southeast Coastat�Redevelo Redevelopment Project fD p J q :;ar,;q,.°,.,,z.:'>x.;.'.;.:-..�,,' r;..r.:n.,,"dfi«'I:s.e,i u{,u>.#t�<�,.,rv„'�'s+.'�r�ks.:fi•f.�` ,�,�....:a<' '.,,'�C^;�w.`�"�°�'rY�Ph{!�'1,,,'">;�«,ti„�5*t�a�.{s F^.:��„".r:.Par w"t�a.'W:,g.u :,ri1s„4�e SiaPaA. w •, 1..�..-'en:. .a._,.�an":r,:d..v�ri.,....^u.,,.._u...,,..r..,..tR,.y�xl..t.zti�es�t �It .., ..«.�:w.,:«.:,.,M,:,.._«r,.,,...._,;::: :n.:::.",:"«.,..:«:.:,. ,w.>trr::.:>rs<.::,r:,:�..•maa.,...,:.,.sa,.:..,«::.-x:.>«,,..�...�m:�i� �eM Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Forwarded from Prior Year? Enter Code for Type of Project Area Report P iACt1Y)tY4R'epof= P—Standard Pr =d Project Area Report A Administrative Fund Southeast Coastal Project Area L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program 0=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area 1. Utility Undergrounding- Does the Plan Include Tax Increment Provisions? Yesl Southern California Edison is taking _ the lead,working with the City, Date Project Area was Established (MM-DD-YY) 6/17/20 22� CalTrans, and the California State Beaches Department,In doing the Most Recent Date Project Area was Amended design work for undergrounding the Did this Amendment Add New Territory? Edison utilities along PCH, i Undergrounding of utilities along Most Recent Date Project Area was Merged Newland Avenue was completed in Yes 2009, Will this Project Area be Carried Forward to Next Year? 2. Seawater Desalination Facility-- iEstablished Time Limit The Redevelopment Agency _ approved an Owner Participation ! Repayment of Indebtedness (Year Only) �— 2047� Agreement(OPA)dated February 27,2006,with Poseidon Resources Effectiveness of Plan (Year Only) 2032 Corporation to provide for the New Indebtedness (Year Only) 2022 development of a seawater desalination plant on property 1 Size of Project Area in Acres —� 172 leased from the AES Corporation, Percentage of Land Vacant at the Inception of the Project Area �— 14.4 The Agreement containing the I covenants affecting the real i Health and Safety Code Section 33320.1 (xx.x%) property was recorded June 8, 2006. Currently,AES iss in the Percentage of Land Developed at the Inception of the Project Area85.6 process of removing storage tanks l Health and Safety Code Section 33320,1 (xx.x%) from the property,amending Objectives of the Project Area as Set Forth in the Project Area Plan PO existing entitlements,and acquiring approval of the project from the (Enter the Appropriate Code(s)in Sequence as Shown) R=Residential I=Industrial C=Commercial P=Public 0=Other r.... '1'""+ors r»'Y 'Yn x': fi� c`..r•' A'-c` aq: r. .. c 'u'ca eLr• ' a '"` =`fi' i�+,It+...,f>• ' v>.irv '{ '.". " . :L v i C 4 ;{ yry v ?.11r °Cr s,�i..{fi.x5,,1; Ig r«'w^". � •. c' ';93L�Y f .«ram, :yfin. 1 Iglk t,p 'iHif :415b�` 'eilry `h"G,ia?<zrr',�: uy.�''6:aai`au.l�.• :kiillSa Utii' '6S3F;3ILq^ L gGn`irlk 'd A Rs:. z � 2010 R. y E j Southeast Coastal Redevelopment a. r' Project Please Provide a Brief Description of the Activities for this Project Area During the Reporting Year. Southeast Coastal Project Area 1. Utility Undergrounding—Southern California Edison is taking the lead,working with the City,CalTrans,and the California State Beaches Department,in doing the design work for undergrounding the Edison utilities along PCH. Undergrounding of utilities along Newland Avenue was completed in 2009. 2. Seawater Desalination Facility—The Redevelopment Agency approved an Owner Participation Agreement(OPA) dated February 27,2006,with Poseidon Resources Corporation to provide for the development of a seawater 1 desalination plant on property leased from the AES Corporation. The Agreement containing the covenants affecting the real property was recorded on June 8,2006. Currently,AES is in the process of removing storage tanks from the property,amending existing entitlements,and acquiring approval of the project from the Coastal Commission. II 3. Magnolia Street Sidewalk&Lighting—The construction of a sidewalk and pedestrian lighting on both sides of Magnolia Street,included in the Capital Improvement Program(CIP)budget for last year,has been completed in 2009. Pedestrians who visit the beach in this area can now more safely navigate on foot or by bicycle. i } 1 t Item 14. - Page 71 �r l� a 0 T Ev Iq d , �M Vf .... :. _ :.�4y�� "4: rit%;'ua'.cf'e 'ViN', "4'.' YW�" �u !" •(.k• ......... ._.«. ..........:.r,,,..s.va .,.., >_...�td .><. „lc. .,d.t+,>b.�:a>1.,. a.S<�`Ar.,' ,zy..; ..�{,•;R. *� _ak ,,,. .. i .•, �. ;rk.; ;- Assesseda ,. .- '•`-�"+> ,r+ �•7x11, ,b ac, �.• Mad.. �: k:.>1',ax. `�f ".<a�x��. ...1:k:,. ��. a:�:e^'r..;. . .. .,:�..•�,:. ;,.::*,,•:.ir.•:.F.�,:;"n•�,�,.�i�'.�:>..,;,,: •,r .�?��•...... ........b`fi�^.'.?�..r~n..�s'z�,=•.,,.,. 'z•�`id� S.. ^s?:,t�,c".. � :i5.i 3.,� 't> ,. ,�wh:,. •::tshhe,^F�;e..r,�.,�,.�,F;"-r n.aT.�......<..,'��,.Ye„�<,�w;•!'rr��:�,?:S+iEcii2r;liF,.`uNte''r.`.�!::?���:,::r�i�rm:•.•3'se(�,"��.',":''.r,,•;�':;:ii Fiscal Year 2010 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Frozen Base Assessed Valuation 157,252,877 Increment Assessed Valuation 9757 Total Assessed Valuation 1,869,489,672 %;.''':, rk42i'r.A„13" �^� i'•j`.iF �``.}..ii"„s..•f..., ,.7, Y&tt+:'^x,5zq,�Yry „$?'4�.;;a- "vs>?'r' 4 �q?^;ar. �. lRv jAssessed Uafx, . fat"; ' �°'t' Pa. eM 0 $r uGa,r•r ' ' �'=�" B w�.a 6, w"rnr y '�` sp y,;.,a � ,N. Mill :,u.. r�..e. . u:,,......�,., y.... ,..,:.,, g.,;r� xffa.. .S>> ':^' 'h' »*' "" '• '.".^. 'it '`Ys:"tip vfly?,i�� ^` ¢• -x:"xq:X' $, '?':':,ca" ;l;y"S ay;xsnv, ,L;" .'Soa, �+`•Trnre-,✓� R "'�"�: "bu,C� '�'s �]#..:,f g.R,t„ a .`ti`�xi, 4.kY w' •iaai'r.�'�i"�"� "":d n?�`�a;Y<•.,2: 'r: ..•..,:•.,, :...,., 1� ajitG:Ci�t' 3<,i:k•li ' !9+n1,�4a f„�.a :,.'ik.. .1.. .,S 4r p yy � . 'A` Ar 8@`s3 Via.I,crr.r .ta�"• >ai, h�.c:^r`' ?s,` ..r?.s,:• `.",M, 3':. ��Y, x, u.'.(. .�;`n .fix, �^•�+:^� •s14�"R `� —'.—' . ,, � ,,�.'.-."w�sk?-�".'.k: ::.,,-,�"• ��.<r � `3 ✓a a' 4 �$9 f�?4"i"Ma 23 Yt as� � s. � 4.,$ A'sku,nxs.•m ah�i��'s�e-me m Fiscal Year 2010 Project Area Name Southeast Coastal Redevelopment Project Frozen Base Assessed Valuation 103,733,7551 Increment Assessed Valuation ''�°'''�15,43 7,658� Total Assessed Valuation 119,171,413 a� � � ��asrX"r�?'y�g!i�i�a�.�r."rr....4 r,a-X'z, 3.+` 'u sg.; �s-J�r�, �y�,-- •��rax...,,.�� ;7vre� r� .N�\:}n v .ci xwg�rry� ,'. •u tl��;.E,J, '�i'� � b' s. ..�;a!aa „�� add+1 uat'' .i'.`;ra�� „� ��i�i. �a;.'« •�6���`;.::::". ,.�`�,*' �u •an.rx o \ W 3 p r id1 ,�t A�, �i�7� '?�;�•Sjrc ff s�^'j i aa6 ,';1%:�' ;;f��(>�ssr-,f.F'%=,aur,✓'�rw,tlt«*'. _ u :'�''!.� �e,sdr-% ,ad..' ,. �.:�� y;� �';�5# a - !.7s+,,;:�:.• »�: x':�:� ,r, �•=^�a:�va.�rnr ^^arr,, rca!,:k ^awns r -ram- ^rs« cm» ,•c..-•-nrnx- -:.r:n-.,r guar:' V"T'lAL7' 'G'L% 'i nnct k't -'):f>-•�'3 .r�,��s�"� '?d" .;:s., Y%?r :."9:0. .Fd f �'R .t:�Y.•' .y r fi �, .s aka. Fiscal Year 12010 771 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Tax Increment Pass Through Detall Other Payments Amounts Paid To H&S Code H &S Code H&S Code Total H &S Code H&S Code Taxing Agencies Section 33401 Section 33676 Section 33607 Section 33445 Section 33445.5 County 486,801 $486,801 Cities 370,760 $370,760 School Districts 1,116,218 $1,116,218 Community College District 254,277 $254,277 Special Districts 95,287 $95,287 Total Paid to Taxing $0 _ $2�323,343 $0 $2 323,343 _ $0 $0 Agencies Net Amount to Agency $15,941,143 Gross Tax Increment 18,264,486 Generated ...;ra•r, �a-*nr a•raarcvu+,- •-u s« ,;•s:.-• s ns,s• ,.,r�r„a.' 9ua'a c+n! ':ti" 1s`y 'l4rii �C' '!a"+' �, 1• ,9 4.4.. .i u�riC -:d :T I. t.• �k,.. PINT . , �v . �fv'� ,a r s .:..5:�<.r� ,��,...� , "S 5 4.<3 .,"< af,;;, *• .F df„, P� �JI:: SSA Pass=Throu h!Sdook,D.isfrtc#°As Ista'ce,. :',.1, t ya"'mx n 92 iy, ' ..i y t 'ry TY.S^•;:r�;t:�"".. ., r.>r,....u�f..<._...:..,..�.. ,.. ....<r,a.x< d.•494....E�'t«,,,,._,..�...,r,....,3'�... ,«.+. .......n,,rsr ,SFA r, «.. ',Y%'�� -„ie�.A•i.:+� �* ,:, g7.«9:,4��: ,.. ... ..�.,,.< .,..,,. "..-:. „.: ,:�,,.,i,,,xs•......,,,r: ...,. {c�,«,.r..:.:...,, ... .•_ :`�".;`• =,fry,;, ,v' �:Y• E,:'ef!,'�:e4,�„<,Je..�,. ..... „b.�,.._..r..,.�;.� � .,... ..,. �. :-�k.�-.,_,.,-. �:=<..•... ... .......... .:'r"�, ,-......tv?��FR::L:.5r:+4:".,...-,>..,.:"c,y��,t..._,t....,.......... ,iP�'-_,.._,._...... , ; r`�j�`.��w''`.�`,"nat, f5v.,a`: ',3?:1>Y'p,. �'��"��.''', F fl '•�.�. kk VE, `t�pt';•9^ ff T >l•f t '�P >T d,:• It'i• {, ,>t...,. ,.�v.,..�.�a,.�rs��.....,_..,r`r'as�i��� ,�erv.M,r•µ V;y, a!'�r��€z�� - '^..:,^i:^ .axY.':»•s '�Fa" t:'�t"q'"67'tn t-:l`•::�t�)G 3:'^.: ::V�!'".VT!iiV. �sf,'>:". "•Vtl '•a InU'G'UT: >g :rl. +>m^,gyi. ;•E'h"T9. Y,;!5 tlgi �t.,.,,..�"��+ � t �•a,, ,F�Tra! ,P, �isF'"4=`�a. .45!ia�...y, '/,'��^Fr: �fl .:t.'4��uf :'4'F :.,.)•.K" .fis��v i:iy "�>.i. 14 Fiscal Year 2010 Project Area Name Southeast Coastal Redevelopment Project Tax Increment Pass Through Detail Other Payments Amounts Paid To H&S Code H&S Code H&S Code Total H&S Code H &S Code Taxing Agencies Section 33401 Section 33676 Section 33607 Section 33445 Section 33445.5 County 3,448 $3,448 Cities 6,041 $6,041 School Districts 16,890 $16,890 Community College District 3,436 $3,436 Special Districts 1,479 _ $1,479 Total Paid to Taxing _$0 _ $0 _ $31,294 _ $31,294 $0 ___ Agencies Net Amount to Agency i I M_ $89,658 Gross Tax Increment 120,952 Generated rep M ,G,;...,::wa*, >.. ,,.rw�;na.. .,,. •a-Ea :-�. .+;r',: a r ,.a�n;^qa.:g�g ,..'�'r::a'r..;w ..,��: r.q <..a �,•,�'fk:.,"<•4": ,�,..,',� ,..' 31 ay"o,l�i,; '•ax.,, t .k �.. . ,�� •�_""�.,., '.�, ,. `'t"�9a".^ .�f. .`b� , .3r, '�•.E��"'. ,M'�,�� 'w:'•a,,ay. '" x E,4 d.g E ,,f4 : '; e,i ;fir ey E&:: ;,:', 3 a i �, K E, Y i.? 1 , Fn:. ass!hro h•.:.5caci-°3JstriiYt',s % ti r',,: ,.. .,,,4.g...�..,..,.....,. .;,....MIRY.,Y T.. � '�� .. >, .,e¢m<f. ,.> �,:;.,! ..dirt4Ei:Y::EIa<'k.G., JJ'' 2.1.: m J ig VIM- -4 .A., qm .. ..,.�.............�. ..>,... .. .... ....,. .a....p......,x;'s,3 �,:.� ,.:".: r •i,:jn ;,s: ,I'nr> . ...•�;::•:•s,,.. ;.>3„. .n..r.....,y..<....,,...„>.>..."_<4 Y.:,,:�....�. �:,Y,w.,..: ..... .. .... .:.b....,.:..,. ......... ...., >.,....•'J�"':^:c:.a W'.:�..:.t:t...4...'.,.,?cGr .. B w� iJ ��w tl� ";r;S� ;.3i.NC: _1,'!!•,T; �';1": '"E'T "';'fir %^ hA.Ck G4KTi'^:!t>,'� AIAO :4.'Sr'rVr •'\ L`•T;'Pw "lt<„n. � 2r�`; 1 1.A..;1. '�' .t•, �'e <pil+rm,.. �� �m ." S.},,,r)„n"°�i Alva..1�',Y e" ", xt7�ji•n.i;�..'.d:� ,,� �r<':i9 �, �'• .h,1,u ;rod?,.v� ,Y.n .,.,r:blq•t''"3-uit:-y'.�"....ii�..�' �a .,. k•an. ..... ".`E;S�s"„",......,.<.,.M.:>,t.�,,.n`;,rws.>«,..>....,,,,.:Y:,,a•.>�,.,•,..,,.;n�`-�s��..a„����5:`a; w+ lm�.M.'ala.of:�lt!A,sdf;I,w3F.TenlFa��2xxr k� Fiscal Year Project Area Name MEN= Tax Allocation Bond Debt Revenue Bonds Other Long Term Debt City/County Debt Low and Moderate Income Housing Fund -- --� Other Total )0 Available Revenues Net Tax Increment Requirements _ $0 Minie•.r ^ �'r����rs�. �'y r� >r•E 8 f Gtt# C 3k.{}}H� [ lY, . ,iH" r}. c. x�/�i�lef"lt�` 7 . . .x ...,;;,� �'" .,. r:.i . s .� ,�a,,.�.l.,•....< ,rs, wd�; '; . � �" �6e, c ,(«•w� .ra��r't km��s�,•8 :,:, ..•sfalsm>.,,d:.u,..ar��sas � �_.,u_..as�.�, �I�`�2^.+,i�.e",u..�...,5���ar��:�,",a>-a„-,,..,.>:s>a�>": �' ?t;�M �•'�,'..d z w -�`.�"�y,�J: fir':"' � ,.r.. r. -`s �, ...,., _, ,.,. ,...,.::SS��°Fr;.<„>,.,,:..,5,`����r>f^,°:9� �,.,....h: .....,:�'�`'��nit.,�Mn.�r�`i.."',5�''...e'i* na��'a'�'::;.'"+�a„s. `� <rm�kw�tn.;,'ds� sc�su���w'.r •�'�, a�a�t"S Fiscal Year tz . Project Area Name Tax Allocation Bond Debt 32,726,548 Revenue Bonds �- 0� Other Long Term Debt 6,810,747 City/County Debt 84,384,821 Low and Moderate Income Housing Fund 34,249,733 Other 6,264,3 55 Total $164,436,164 Available Revenues 9,967,669 Net Tax Increment Requirements _$154,468,49 fD g:;ada'd ^,';,'�; i?�„�'s; g°a'a;�,�bu'�`iiz'Y '_„',:�'�??'^w„".u,:c-T7 .gy�a r..��,. ^y� �''c'""� 9'' r w°. ,�a.,c,�.,,_�. ��''��'� •cz+ 'as�Y„�.. -�ar,� � � ,.� ,d��+v =����� "� w, r. 1 ,;r, n '6� ^ f ,• a '� � '� ..;;:�'�.%`?5-V�t4—,+..�:��;�: ��s�,:":,�d.. .."i '.Y� ., �•t`,Gv'wYtic���c..'Ssu: �•��:�w�a .�.z�r, :::r..„ <.;a ..�_ . 92 M 4 �D a •wA' �1�'tli „ , r." -�%: `: •:;;`' Fific"-.Nit'"."Vg •' ;;m,"•iTMj",.,"' k .a.. .'gin'+, Q.,a N Isftl�ll rn�1� 9 N Prr�'i4ta.,�'..� ii A;ti,Ij%n:"4�ir�nx!k.4+m'"u Fiscal Year coW i•�J��N*:;;q�,S'2,ntl'2�RY5fi&!?:ANN F�51 ei. Project Area Name Tax Allocation Bond Debt 07 Revenue Bonds 0 l Other Long Term Debt 0 City/County Debt 7,358,166 Low and Moderate Income Housing Fund 1,839,542 Other 0 Total $9,197,708� Available Revenues 1,355,350 Net Tax Increment Requirements J__�7,842,358 �: 'rli"R��li. "'i.' :;:1'�i2lC :p" 3+"!!U'•Vf i1:- ;��U'viTlY'"' ..eits.:'S i'fii:v-;'+'{"a• '� �.. °�. F" _, " ,. .v. ,.�fir�x;�r`•:wad�,!: 3d...,l:.`���t 9 Q•. - :5�^ c .w.,,''s,.�ii:,,:�.,�re�),.�'«_u�n.." ...nb �-.,...av�.�..__ .� .�:u va•:�.. �, Agency Long-Term Debt Fiscal Year 2010 Project Area Name Huntin ton Beach Redevelo ment Project Area No. 1 Forward from Prior Year NEESE= Bond Type City/County Debt Year of Authorization 19821 Principal Amount Authorized 104,501,018 Principal Amount Issued 104,501,018 Purpose of Issue Project Funding Maturity Date Beginning Year 2034 Maturity Date Ending Year + 2034 Principal Amount Unmatured Beginning of Fiscal Year $84,936,0000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal 8,407,000 Principal Amount Issued During Fiscal Year � 1 Principal Amount Matured During Fiscal Year 4,746,000 Principal Amount Defeased During Fiscal Year F_ Principal Amount Unmatured End of Fiscal Year $88,597,000� Principal Amount In Default Interest In Default Bond Types Allowed: Tax Allocation Bonds;Revenue Bonds;Certificates of Participation;Tax Allocation Notes;Financing Authority Bonds;City/County Debt; US;State;Loans; Lease Obligations;Notes;Deferred Pass-Throughs;Deferred Compensation;Other ep� d91 ;:;'"a-4k; :v ,r yx.,. � ,a !�y �';; ,wx;r �•ti E w �, q a vy u Agtiay�b , u..'?a.0 ..vu�, .d�' `'ri��.��Aw.,,,,w,4��'�".»�.� 'itek� .,s, am! ,r.':,";4v;."''wF- ,,•i,�,`. `" ii'�'�.�.�'ir�wsa h' ;�. •.S�v t fD m . a Agency Long-Term Debt Fiscal Year 2010 Project Area Name lHuntington Beach Redevelopment Protect Area No. 1 CIO Forward from Prior Year E TEM Bond Type IDeferred Compensation Year of Authorization �—20073 Principal Amount Authorized 143,0007 Principal Amount Issued �— 143,600 Purpose of Issue ICompensated Absences Maturity Date Beginning Year 20073 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year $99,000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year 11,000 Principal Amount Matured During Fiscal Year 3,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $107,000 Principal Amount In Default Interest In Default Bond Types Allowed: Tax Allocation Bonds;Revenue Bonds;Certificates of Participation;Tax Allocation Notes; Financing Authority Bonds;City/County Debt; US;State;Loans;Lease Obligations; Notes; Deferred Pass-Throughs;Deferred Compensation;Other m? �.,, x+ Ku `® �, z �;. .,:s'F -'a? : ":�= ' NO a ." >'. < `�w\�: 'x ��.. a.:A����i `,:;F1gen4".-;G;cit� rfierlii�gpb;;r• ;:�jaJ`4�, G:�1; `�' ,:,„r � �� • ''� ?.'nS� `' wk "rk uk�r'°vl,��l �� Agency Long-Term Debt Fiscal Year 12010 Project Area Name Huntinsiton Beach Redevelopment Project Area No. 1 Forward from Prior Year Bond Type Other Year of Authorization �— 1982 Principal Amount Authorized 35,000,000 Principal Amount Issued 35,000,000 Purpose of Issue Other Maturity Date Beginning Year 2034 Maturity Date Ending Year �— 2034 Principal Amount Unmatured Beginning of Fiscal Year $7,310,000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal 438,000 Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 745,0 00� Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year �$7,003,000� Principal Amount In Default Interest In Default ^—� Bond Types Allowed: Tax Allocation Bonds;Revenue Bonds;Certificates of Participation;Tax Allocation Notes; Financing Authority Bonds;City/County Debt; US;State;Loans;Lease Obligations;Notes;Deferred Pass-Throughs;Deferred Compensation;Other Po- M 3 0 0 T 0) br'��4� ��'3➢'c�a �'.1,'- �`�e���i��a4`"y,„9,. ®1 X 0 ° Agency Long-Term Debt Fiscal Year 12010 Project Area Name lHuntiniton Beach Redevelopment Project Area No. 1 CID Forward from Prior Year ' Bond Type 10ther Year of Authorization 2006 Principal Amount Authorized 1 16,030,000 Principal Amount Issued r 16,030,000 Purpose of Issue Bella Terra Parking Maturity Date Beginning Year 2009 Maturity Date Ending Year 2010 Principal Amount Unmatured Beginning of Fiscal Year M$14,532,000 Adjustment Made During Year r ----1 Adjustment Explanation Interest Added to Principal 1,008,000 Principal Amount Issued During Fiscal Year — ] Principal Amount Matured During Fiscal Year 1,313,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year 4�,22�7,000 Principal Amount In Default �� Interest In Default j --I Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds;Certificates of Participation;Tax Allocation Notes; Financing Authority Bonds;City/County Debt; US;State; Loans; Lease Obligations;Notes; Deferred Pass-Throughs;Deferred Compensation;Other ;°u�:'�a3'•s�,3�1,p:NN ��,' n �. � :uu t��i r,ti r r1�u,ug � 9 � � "i'"�N9 "V•� ttn. `� gpfi"n,gip ° �� �u� pii � a. _ `tit m ax �.MM YYaa •Q ti Fiscal Year 12010 Agency Long-Term Debt Project Area Name lHuntinaton Beach Redevelooment Project Area No 1 Forward from Prior Year Bond Type JTax Allocation Bonds Year of Authorization �— 1999 Principal Amount Authorized 10,835,000 Principal Amount Issued 10,835,000 Purpose of Issue Refinance 1992 Loan Maturity Date Beginning Year �— 1999 Maturity Date Ending Year 2025 Principal Amount Unmatured Beginning of Fiscal Year �$7,410,00 -07 Adjustment Made During Year Adjustment Explanation Interest Added to Principal —�� Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 390,D00 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year _ $7,020,000 Principal Amount In Default 4 Interest in Default Bond Types Allowed: Tax Allocation Bonds;Revenue Bonds;Certificates of Participation;Tax Allocation Notes;Financing Authority Bonds;City/County Debt; US;State; Loans; Lease Obligations;Notes; Deferred Pass-Throughs;Deferred Compensation;Other rt 0 W m �A \N k, of � Fa e o Agency Long-Term Debt W Fiscal Year 12010 � MProject Area Name lHuntington Beach Redevelopment Project Area No. 1 00 Forvvard from Prior Year Bond Type Tax Allocation Bonds Year of Authorization 2002 Principal Amount Authorized 20,900,000 1 Principal Amount Issued 20,900,000 Purpose of Issue Refinance 1992 PFA Debt Maturity Date Beginning Year 2002 Maturity Date Ending Year 2024 Principal Amount Unmatured Beginning of Fiscal Year $16,250,000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year ---�— Principal Amount Matured During Fiscal Year 870,300 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year _ $15,380,00 7 Principal Amount In Default —� Interest in Default Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds;Certificates of Participation;Tax Allocation Notes;Financing Authority Bonds;City/County Debt; US;State; Loans; Lease Obligations;Notes;Deferred Pass-Throughs;Deferred Compensation;Other �r .,x>.• „q. x,{c..�r��((a'i.( k.a ,r„N t 4t�� v w Y. s.,mi ...f_,..t« ,J7�a��<, ,3,,..t .w'* ,.ecY„terr>'@ '#'�E„ el,l.�x,:5 S'N't'Eevc,w «, F;•<,r`",��r.5,.`;;..: <:�m.uii;^e;"s+`r%,.y.:,w^";'-:54;•�a: r,�i � o-.,cys� -;. .y�,' s :., N,;..�,,n�.ry 'uE'�s.,� s.k„` .¢�:,.�`..'we g,F t;'t.. o-t• ,;c;, r,xr�:- .u,•. .;sc. .�s.w,4 �.�;.. �.;$.,,�t H v F¢ ,�.i�:,5 9- G i t,!�.r. .. .�� «#��-.,}n„ � � �"i. �..C��,;;I � -;k,%: r9„ qua'«;iw�!r<au�i :b.l• ;�. �9•ttrhy iw. � 5Ns �" '�"d, '� s��'e��;-`'@c�r�,�,tr<�i,;.i.�fNr{9�fi� }; .$t,,S:�w;,S'�y'�`.%, ���� A i:! } �:.,A' @`. :'�j, �+l 3�rA :.�®� i;,.,@�,';xse, e �..-w�tg:,�,�,•��„ �',' .�3� ,fiy.,�..:��"�'«};�',;?}:,"',,a`" •�jSS 8�t,.,�T;',-.;�':,a,:;-'�R:5�s'�,�. «:'?�1� �r ,,F' �'� R.�. g.ter= ,��,,.t.� �,�:;, ,� ;.�u +E�r,s� �,;; � .�;�.. .� �;. •rw, a t�.}. ��,.,, F ,g .�;,i'��a. 'a#..��,rh n s' �'�.�s,�j�^a�.... ,y.e✓w � ��fl w',�,.« i�t'��P`S��Vr.;a:� ,� ,i`.+!.:r,�i"tle.': ..`�'�pp .� w�,.at. x, .(y�s.;�+ .a< ��: :,M,.<• "4� 8�a,`�x tY �...9g r��., .� r�;Si,r�'"� .`';,i".girl� ':2.%����i .,;sit, �. 9.. HGn; .,.C'a. :•�.:%3?CS�,: � ;Fig e � ',h� ,t,` '$ ..SS ��r�y r .,,j,J; iS�,; b�„ f.,��•Zu'�' �� i«q.5.� ,,� u.,„i "-l,.4,1 •:Sy>.t � y�' �.1''�,�j,v�;S•`t..,. 9a $4, �,"a9�¢'r.'�'at��:�� L;:r�/,���1;^r�1. '�•'n�+k '`a e� ��„ '�� Rl'i q"�`f.'i y'��+,� 'sv...ls,;dF:ro� .x«Rst�i�et-,�ARnh'In�A>:Lt��r..�:�Luaw3.w�.i�."��!IAA, i�x:aad�wa,W,x?w�ior-u,:a��, •N�� n�x�n,p..,,.,+,,y.,.n;�+rw«a(L§#N�ns��'. �+•,.v..a.,.«,�:�..a+,«�.�u..�t3� �s>,iu� �'�11r .. ��s ira�xb�i�.b&t 9 Agency Long-Term Debt Fiscal Year 2010 Project Area Name lHuntinaton Beach Redevelopment Project Area No. 1 Forward from Prior Year Bond Type US Year of Authorization 20 00 Principal Amount Authorized 6,000,000 Principal Amount Issued 6,000,000 Purpose of Issue INew Loan Maturity Date Beginning Year I 2000 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year $4,225,000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year �— 270,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year _7 7 $3,955,000 Principal Amount In Default Interest In Default Bond Types Allowed: Tax Allocation Bonds;Revenue Bonds;Certificates of Participation;Tax Allocation Notes; Financing Authority Bonds;City/County Debt; US;State;Loans;Lease Obligations;Notes;Deferred Pass-Throughs;Deferred Compensation;Other of M T ?1,4,�6_, �4,'�'. �I�q#�,�4t�, ,U�,tti��� .•. E+��,'!I�y,..y%3p.� �, r� �! z I... � },��e� ti- , co 91 FIP ° Agency Long-Term Debt Fiscal Year 12010 - tD Project Area Name Huntington Leach Redevelopment Project Area No. 1 CID Forward from Prior Year Bond Type Loans Year of Authorization 2009 Principal Amount Authorized 7,900,000 Principal Amount Issued 7,900,000 Purpose of Issue Strand Parking Structure& Infrastructure Maturity Date Beginning Year 20079 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year j Adjustment Made During Year Adjustment Explanation Interest Added to Principal �1 Principal Amount Issued During Fiscal Year 7,900,000 Principal Amount Matured During Fiscal Year 132,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $7,768,000J Principal Amount In Default Interest In Default Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds;Certificates of Participation;Tax Allocation Notes;Financing Authority Bonds;City/County Debt; US;State; Loans;Lease Obligations;Notes;Deferred Pass-Throughs;Deferred Compensation;Other .,. ,..,...:. �cka.n:,,i, ,. , .a..,s,.: ,..,,..,: �^,.. .....:..,, >„,:^r...,,u,..,y:sns ^cx ^?", -•;�P}'n s Ky-nw ^tiY"M ;a: x ' "r' ":x't:.:..� ,,,,i.,,L.. . . :.vert;,o.k...k.s•�.4 .3,m "`<;,,s,��s;•�..tyt<;v", _."s,.tfid'Efikb;. ax'.« ag, "�°.q, 'i'ie �� ;�a���»$:: r>f' �t 5„ fi`, � lk,�, ,r::�{f'. +! .>7''`^ :•:r,<nv�a Y�ew-,. ,-`',-,:ri#�''� ,9rt;"+, .aa :.�, ,. ;� .r;ix, s"�i ��.1�>4- r y, `�" ,i ,�'1i:if �}� �e r` :,=�s.^,�"�.r,�$6^. -nr.,„e'�s�dr5`'".{;",r.. ..•�a ,sFc;:%.a;�?.,�,'^� frs,. 'y � y�,{:,i rr.,� �i:. ,k,.,s^ ,�Y, � `t�: L '� ��„'I,i� a :�! 'Y, ' .Ii^ ;'S.�S�+<,�q 4 '{`° Pt x 1`} �ifn 1^'�;1�'i"n�✓�•:'�>< �9i,�,pian:SWt���"+,, 's, A, f .� ,,� ,,:..i i 2 Agency Long-Term Debt Fiscal Year 12010 = Project Area Name Huntin ton Beach Redevelopment Project Area No. 1 Forward from Prior Year Bond Type Loans Year of Authorization 2009 Principal Amount Authorized 950,0 00 Principal Amount Issued 950,000 Purpose of Issue Additional Strand Parking Structure Maturity Date Beginning Year �— 2009 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year 950,0 00 Principal Amount Matured During Fiscal Year 529,0 00 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year _ $421,000 Principal Amount In Default Interest In Default Bond Types Allowed: Tax Allocation Bonds;Revenue Bonds;Certificates of Participation;Tax Allocation Notes; Financing Authority Bonds;City/County Debt; US;State;Loans;Lease Obligations;Notes;Deferred Pass-Throughs;Deferred Compensation;Other 0 ��iIqY y:9 e z�c .�'"'.F�,x����"..��''�kir�''.± ���N.�, WG ge�•�k �"��°"�' {. 4 m "'y.y '�"}�',n�r✓,.�x N.�.{m,�.�K,tN:.',��'�,. �;:%`6'6.M'ra�'Aa pn�`:( .�.1•®��' py .,.V,.` .i•t,i',� .�11.9��qq�� ^l> ty.x.., :!'d�!<'.�:lt�..`.-;..>.a... .....,_ i... ....,�..\>, ,.r... lS.k'�p <,,J., ..¢`.-viuTl} .,...✓.,. .�:.� uy,.,:.`• a� .'4.y�, _.,�;�; �, n..,.,,�i,rasc,r,ra....,.�o..R,ea.«..,�„�.n.�,,,...,,,wor��,,R.�,ed,,..,h.,..,s,,.,«.�..,,.;,.vt��,�s.3...!w�s'�.,r;��...,,u�.F,�.,,wn:�ut.a;U^r-%•'r>;,,eru..�;;.,,,,+ .,:,.,+....,,,a°:�!R�,��;*�`�'�' W Fiscal Year (2010 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Forward from Prior Year Bond Type Mortgage Revenue Bonds Year of Authorization 1991 Principal Amount Authorized 9,500,000 Principal Amount Issued -9,500,000 Purpose of Issue Fine Points senior Complex Maturity Date Beginning Year 1991 Maturity Date Ending Year 2021 Principal Amount Unmatured Beginning of Fiscal Year 79700,000 I Adjustment Made During Year Adjustment Explanation Principal Amount Issued During Fiscal Year Ci^ � Principal Amount Matured During Fiscal Year — � Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $9,500,000 Principal Amount in Default --� Interest in Default Bond Types Allowed: Mortgage Revenue; Industrial Development;Commercial Revenue Bond;Certificate of Participation .. ,4.?"�7^ct= t,'' ».f'',;Y,:..+ "'s« -%''.zKY.Yx�;,;npy �?;«o-w�«h'?}q.7„�" �7C,!'!•4"'�6i' tl l3"4!" PbA^t s" T, w.-.dry• .K� ,rq,} ••cRP';. ,�-,i P: �, ,.,�',,sg.. ;,.a.,i'�^. ...,,y�'A' dr'��it,.,''�a .i�h��,Y'��°fix .�>..t`.•3_�f�.t. ��Ats, r.".+�,ff.,°,'''.�.riiril:�. 3.c'Y'.?�§i;:�, ..3„ .s�' {j a., n•SJ..L. ..�„xr;�.�• ,`>'+..:.:Y.•.��k,�..'.z-�,'�� �": .. �, . ..r. , ....":kv::u^�,x';��3r';Cv't,°�9Y'��:,u�eL"wV'&�r.'.,;r.•�•,�'�nwv,��d£,a.s„aa,n.dnaw2ri a..win.'A,✓y:+'�Aras-. �i,�x+sbw(un;;;�°�'ka�aas,ayxc' ���` Mltas�„S;roE•v^.�.aaa5� 4'tx�i,.,.ai,.v,acrs�-";��,nr nor,'+:1 � Fiscal Year 12010 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Forward from Prior Year MMENEM Bond Type Imortgage Revenue Bonds Year of Authorization 1996 Principal Amount Authorized -16,000,000 Principal Amount Issued 16,000,000 Purpose of Issue lHuntington Breakers Maturity Date Beginning Year 9976 Maturity Date Ending Year 2026 Principal Amount Unmatured Beginning of Fiscal Year 9 - 16,000,)00 Adjustment Made During Year Adjustment Explanation Principal Amount Issued During Fiscal Year ^� Principal Amount Matured During Fiscal Year 16,000,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $O_j Principal Amount in Default --� Interest in Default Bond Types Allowed: Mortgage Revenue;Industrial Development;Commercial Revenue Bond;Certificate of Participation F* M �"y `7#C�-"y�.1.�' i @00�i6nak,., 1, 3�� �a< ,b c ,K •' 's{4" p M , c�� aP 9 Ri, .�l Y ���rr /��43�`'a���;}1+sk.�x•�A�''4``F' '.Kk �'Gn,.,dk'J�}fi7 r �., 'A 4�2.��": ,.3;T x P��k �±�; G3 il � a �I�L¢ ��, 4i; T fD 't;s'�1"�at;.4p;�t �.°:�9!;w3tua�1[n„�r„6yg,�e�a: .�=•:r,�Gz>5JN'E�?1"'?-,'. „•�u'�"nar? *!'ay9k� �;:• o @ .�d�x''rmp�w u(t � ..�j'" �"6�?�«3 �q s����;S��#�itt't � =.A��:Go. 8:,, ftd;�X`,@�t�. � @:til. �:S€.,�., _�,.�,;x,;;��?''•�, y Mr! .. ......... .. .. ...........:ir. :`u""'"_ 5�.�.�� � �? .�� '..,.�"�� �C� ,I�aE,�a4r,'•„�Jv.�.���'�:e,?n:a��.:::�t�„:� eea�.isF.xr:a��'{.7.'r�nk'.:t�.�,�n,..✓'�.,. >'?��;�f:fia�<:tS��:A?`�;:. ;ae •'�'�a�w�,.� l=-N'«V�m�±lk.� �'X�.w:rk:n:K�xa, �'.5. FiscalYear 20._0................................................. Project Area Name lConsolidated Low and Moderate Income Housing Funds Low/Moderate Special Capital Project Debt Service Income Housing Revenue/Other Funds Funds Funds Funds Total Tax Increment Gross _ $0 i (Include All Apportionments) Special Supplemental Subvention $0 Property Assessments $0 Sales and Use Tax _ $0 Transient Occupancy Tax $o i Interest Income 276,428 $276 428 Rental Income $0 Lease Income 408,189 $408,189 Sale of Real Estate $0 Gain on Land Held for Resale $0 Federal Grants $�.� Grants from Other Agencies 0 Bond Administrative Fees $0 Other Revenues 3,506,966 $3,506,966 Total Revenues _ $0 $0 $4,191,583 ._ �$0 $4,191,583 .s+',:.in. ,l�v. �<. .z.5 LL''$i^':' is[x^-'�i"`r3,uw•1{'.'e R I.r S, n n 4. 3 •T ti.'< ,-;ilk.. "`ik+<'a ',�. a� �'w# P4 '4)z:' .'< .y Vim' 0 Lv �t ,(�.°•Y•„«v .i&` rc� S3'%.o?<.x „<'{i,. }',r n?•' ./ a iae ,t'{ ��±<l,9'v.'ii t^ .I�" �.<<..<l'v e._. x., "s q c' tr,,.,3,;,».., e.rkiP .aJF H. ?S.fatrrantcf°f` Ct�' q „d.E r�eri I d Y .L•,, s a` >, � �.(�� .:..,�'s �7'^.'. `3,. C r�}}�>a`�^".1.,,,v.. .��a ,•M1 ¢ t. �.�t„5.. ,.,>�as" ,i. ""Ck�R��� ..v2Y„.-l, sx....F'e .�"'10'"�"�3:. ..a. „ $x r,'x.c ^�e�� ;Z` .ks:d' ..,.,ens `?:r'.e" :i!: ::+,p�'�� .. ,ty. .., �.r,. .9. ..'x'�:,f::`3 Fk3emX� a•c a�<r7• .3 Fv' .t. .A.,c'�.,nM r.�<t�� �...,..•� �.'!,,� .>>.... F,., a n T .{1t(''" n �., � '.`.� ,.P SA'.'.,_'tsC. ,tee ra•,.,�.rs�a.. ,,.,.�....;,<�...a..,,.s. "�€ .4.,,<,,. _l' �l u. .. .. ,. .>........ ....................,,•.,,,,.t,.,, ...,.,.,.....�.„� ..•�.,.�,,,a S` .,.w•,-.•.._,t>�z.:�g,G,tJ.,a au<,M'�,.,,�d.a..�.�£z,��,�.?,..,�.,,t�...�....._, �,.,?,..,<v...w„•,,.���,.�,�.��..8e.�.,...._ <k ",i5�?s8v it.^x`�h;: •�pga'G:ii,'rpn'�°3"•Y',X' °.;Yd%T..��'.�A'^,,",•'iay* ;'4•'.,' "'"', ,'),. '��' �{, � r„� "�' s.� ., .a .... .f' i=in•.,..'.}ri:i'...s ��✓�..'vbv�.:.IL:'3t'..��.vr� 'n.'�.e.-',S?'..� x ;'{�i{I@i �6x �< ,ip Fiscal Year 2010 Proiect Area Name Huntington Beach Redevelopment Project Area No. 1 Low/Moderate Special Capital Project Debt Service Income Housing Revenue/Other Funds Funds Funds Funds Total Tax Increment Gross 1 18,264,486 $18,264,486 } (Include All Apportionments) Special Supplemental Subvention $0 Property Assessments $p Sales and Use Tax $0 �l Transient Occupancy Tax0 y Interest Income 315,3881 199,281 1 $514,669 Rental Income _ _$0 ? Lease Income 958,690 _ $9581690 , Sale of Real Estate $0 i Gain on Land Held for Resale $0� Federal Grants $0 Grants from Other Agencies Bond Administrative Fees $0 Other Revenues 146,132 500,000 $646,132 Total Revenues $1,420,210 $18,_963,767 $0 $0 $20,3833 977 caM MOZ # ► t ag n D Per"F • c M".�u.:.W.�`��� w�'LY' ��� d�� '� 'e .. « 1 tl �(D W a ffm x ,e, '.x• �-:.�_� � e:t ,�nco �• I ' nure. -�.� e. � t<-� „ ,n:2ur.�,� �, .�n, ..,. '�u.ati.fi.� n d�F;f��t��Cu"i��n,t:Sfii�,�any�n �t�In fin�aix,m��r,���"t`i.m�.`�„r.rc94��&4�'�&'a',Ert..•ru...�i'a�.axd�q.�t ..i�..:iwti..:�nn.. ..xaa�f:�..,._..t,w a e'C .., Fiscal Year 2010...„....„..... ................. . Project Area Name Southeast Coastal Redevelopment Project Low/Moderate Special Capital Project Debt Service Income Housing Revenue/Other Funds Funds Funds Funds Total Tax Increment Gross 120,952 $120,952_ (Include All Apportionments) Special Supplemental Subvention $0 i Property Assessments Sales and Use Tax Transient Occupancy Tax $0 Interest Income 32,696 $32 696 Rental Income $0 .E Lease Income $0 MI Sale of Real Estate _ $0 Gain on Land Held for Resale $0 Federal Grants $0 ,j Grants from Other Agencies $0_.1 Bond Administrative Fees $0 j Other Revenues 343,236 _ $343,236 Total Revenues $343,236 $153,648 $0 �0 $496,884 1 ;:4:^';;��a^N"�F�ir'sncb,:,a � � �^�'k I•B' ��'?� � yr"Si ''' :ilk@ � d' rq��y] ' 1 h '�q -q n.U° _ ai. b is .`�✓TO {iO ��"t S MI 4 {i � �� � � ,A � � J d1 ����� { o,.fa�r�a a � ki�9�., �$ �.@ri, R.ire ,1 �.,a�1 •a5..&�81'Fb P�FS I a m�. �R-,,� Fiscal Year 12010 Project Area Name Consolidated Low and Moderate Income Housina Funds Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 674,041 $674,04_1" Professional Services 94,143 $94,143" Planning,Survey,and Design $0 Real Estate Purchases 262,727 _ $262,727 Acquisition Expense $0 Operation of Acquired Property $0 Relocation Costs _ _$0 Relocation Payments $0 Site Clearance Costs $0 Project Improvement/Construction Cost 2,702,488 $2,702,488 Disposal Costs m $0 Loss on Disposition of Land Held for _$0. Resale PP e T f • ,-c,S.?�� '=:.8,�..�;:€ x pl?CrJ"f'':uv:'.. TM. .. ,pF.^"'�^ -`"; ii ^" n K'aS. n,... sG a. ME., ."",i f gt r aq pp t,� :�i;'i4a:�s � n k R `au,a•ad�o.d. � � .�,, � '.� ,w ,-rF a � -�..5�� �5 d X �a6' `6 1�N W V ��pp `N �., ,,.,::.,. x>s;;v,,.;ffr.r•.,,,;>�,.y.,.;ta=.„�..• xz;-„rx. -,m -. .S;..»,-.,.�.�n ,a*."'� i�",�,:.s,;.:;<x. .. �y1sF.,.,.::;e it, d Mir a�. �St � C ' ... ,_ . �:s, .,{r•,e.. � : .,,.,ac..,.,....d'�i'�eu.u�z�,�. r,,..,.:.�i,a,w.,.,.,�,,.�.^ Fiscal Year 12010 Project Area Name Consolidated Low and Moderate Income Housing Funds Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Decline in Value of Land Held for Resale $0 j Rehabilitation Costs $0 Rehabilitation Grants $o Interest Expense �$SD Fixed Asset Acquisitions $0 Subsidies to Low and Moderate Income $0 Housing Debt Issuance Costs $0 Other Expenditures Including Pass- Through Payment(s) Debt Principal Payments: Tax Allocation Bonds and Notes $0 Revenue Bonds,Certificates of $0 ! Participation, Financing Authority Bonds City/County Advances and Loans 305,735 $305,735 All Other Long-Term Debt $0_ Total Expenditures _ $0 .__ $0 $4 048 201 $0 $4,048,201 Excess(Deficiency)Revenues _ $0 $0 $143,382 $0 $143,382 over(under)Expenditures -:i. ,.,-�.•r•,:•Sr �s--ter.::, .;+ar• �:�s rs-:e - -�*v r�- n'^ a i 'ra K E y. X 29;2 Sta'te:tfi»ntdfirtcgrme.:a nd. 8 ;a L,, ,_Y ,a,•c,a,.,,r�. ,:r.s�:e� �.n.. .zn "E ..: w ., ci ••,,t ..A .`o.+ M S. +�'' � y h rl„h,- N•:°? v. }.!:: ..".3,x n. i �'>M�iTb$' .!P•"_,�9" ^r•„ „. ,�.n ,G2 >•.,c'�:...,.E..s,.^r"�ir� 'fii . h .. � w,»..�M.,...,,z�:z.. .,.. � ,,,:x�.....,.a.�^,,. .� czasi�s�.;:�s"s�. f . ., ,...., ,•;�,x+.,�. r, HIS 7,rr`g•.fx;r u ,9�JiLi•r1"I:'�a.s�. an�PIac att a'.=alEn.E�'�,,;Fm,�?,,s .MIME",,,u ;�K..ir�i°"x.:•, oz� h: Fiscal Year 12010 Project Area Name Huntin ton Beach Redevelopment Project Area No. 1 Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 1,141,071 392,925 $1 533996 Professional Services 1,666,418 7 $1,666,418 Planning,Survey,and Design Real Estate Purchases $0 Acquisition Expense $0 Operation of Acquired Property $0 Relocation Costs $0 Relocation Payments Site Clearance Costs $0 j Project Improvement!Construction Cost 11,754,765 1,100,000 $12,854,765 I Disposal Costs $0 J Loss on Disposition of Land Held for $0 4 Resale 0 u iA .,^.t .-;c_ ,.. ...i>r r'tt^i'"''.a -as�x�"c'•:rv-e:,=�rs�.tn :�%°,,li"-p',. n�.�,am:'9`' r, ai..:r ,.-`rh2l v" a• Y ° ¢?'u: s �V S�atetiieritiraN�t'"�rrr�,�,tat+���.Xp�-;�itu�e.'4'*�;, i�,C ," '� ,ll e,�• '� ��� �„'�� � `t FIL m wo A. f ,�• .'.Wiz_ . �.:• ....�r,. .� ��:e::;�".:.�:G.r".t.,�..;,,.,.wt�,.ai••ryrc,n,�r.Y+{l:;r'hi;tt�in;;'u•,�;•;^.Ii e;.n;yrA il�.., ,w rm rt`,r:+: "viv u�+' tNMss, ytl"K_ %'�A:''^:::'b% pF�'�: ti '.v?t:Z� ��1 i� I� .ems tl! �:��. ,�a �r:3^ �a„i, :.�" �< ..•;�-.M.,,.< Z�S',,;: .r� be.y.,,6#p.,,,,�`' r<tt;�_..--a • i r� - „�:�;°•�.� .., ..;t;r�:,..,.;�,�,; .,::..:-.:,:=:iei'zl.�.,, ,.,;.<f,..,,,..wkr",.r..�„ P,„;� ,t�»a"��:.�.n...1,,,,a, �}":��,.,-�,';��..<,�>U���.£_a�.,a..,:.k..r{ £u�� 4,.w:r..�w m:ea:����<..,..»u,�yuM...r,.�,1-�,.�.z�,a,,.:.,.aa�,a,«.Jw�, ?�-<s.;'.,r..�,.w,.: Fiscal Year 12010 Project Area Name lHuntinaton Beach Redevelopment Project Area No. 1 Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Decline in Value of Land Held for Resale $0 Rehabilitation Costs ._.-..$C} Rehabilitation Grants $0 Interest Expense 1,6 '4,415 Fixed Asset Acquisitions ___._.. .$_.._o-.._j Subsidies to Low and Moderate Income _.„„,•,,,•_, „„ _$�,_ Housing Debt Issuance Costs Other Expenditures Including Pass- 2,471,474 $2,471,474 � Through Payment(s) Debt Principal Payments: Tax Allocation Bonds and Notes 1,260,000 $1,260,000 Revenue Bonds,Certificates of $0_ Participation,Financing Authority Bonds City/County Advances and Loans 105,61 4,334,665 $4,440,265 = All Other Long-Term Debt 01 2,989,032 $2,989,032 Total Expenditures $14,_667,854 $14,222,511 $0 $0 28890 Excess(Deficiency)Revenues _(• l3,247,644 $4,741,256 over(under)Expenditures •"^s:ebr,�'tr�u»t„ir,4.'rt�";1:,%F ."��nt�8t��!`�.'i� (u�l�"��� ,4u��Jar;i;!S�tY,.�r,�:»�t�t:h7�'� ., Yt�� }'flw�a`��`;hc r�z�nu,���;:�tr:��iu� iu bkk� ���� Mir��.,4 .. '�10'L�". � ,•ei"s... t� ar� .,s �ycc�, :�, *e9' K..k , Fiscal Year (2010�� Project Area Name Southeast Coastal Redevelopment Project Capital Project Debt Service LowlModerate Special Funds Funds income Housing Revenue/Other Total Administration Costs 60,702 IF $60,702 Professional Services $0 Planning,Survey,and Design $0 1 Real Estate Purchases $p Acquisition Expense 1 $0 Operation of Acquired Property $0 1 Relocation Costs $0 Relocation Payments $0 Site Clearance Costs $0 Project Improvement/Construction Cost 475,112 _ $475,112 Disposal Costs Loss on Disposition of Land Held for $0 e Resale F* m 0 T rr;� .'�a_ ;,._. ..SAeG v'��',�#"�T...*.�Y;�:^�y •^— oaa'F'`.x"'� ;r"czz iS`tat ,rrent f=in���rn� t� e: a p ii t' �g °"5 °4 t� fD r a.{,.. „yx p u1"xx y;nel,: , ...!c: .ot;•y, n,oT S SW' "TS:.:5.3.n. �.:- ,:< !.; =x,. „,�.,;�.....ar:::� •� �:wyyts�, �a,,�u.,,�+�;+, t!i�;. - ,t,t.,r�? ��w�'P ."i a l�sr�nF..n � ,er^';�Y'�':�- <r.. +`'�. 'fit. �"� �•a <,�!�:' a W'.n€�,+,n!!-, .,2` tl 6 :•� {�S•.,..:....,. ;(.J,.. i!�',a 3S`4,,,�,N 1 FYl�4�iY n.,.li,., !L! ,,�, '37•, ..,P �: a„ ..i, <aeropa�r: .�» r..'� .;t� 5 "�.c.-.1.. '�' sG,S; �„y�`� .Y14.:;��.�'Y-•,x,,,.. its,,,t{e,:' ':,1..,,r++�, ,'F res{ r:t ., ,r.�� .,•,c..�, .:5, ,�:.i L;a�.. dS:s rr. �{ "'fir..<,,,.,w..,.:.,.,, .. . �,�:y.-,.,:}�,•s-�-''s _............ . . co Fiscal Year (2010 Project Area Name ISoutheast Coastal Redevelopment Project Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Decline in Value of Land Held for Resale $0 Rehabilitation Costs Rehabilitation Grants Interest Expense __...so. i Fixed Asset Acquisitions _ $0 Subsidies to Low and Moderate Income $0 Housing Debt Issuance Costs $0 Other Expenditures Including Pass 382,994 __ $382,994 u Through Payment(s) Debt Principal Payments: Tax Allocation Bonds and Notes $0 Revenue Bonds,Certificates of $0 Participation,Financing Authority Bonds City/County Advances and Loans $o All Other Long-Term Debt 17 $0 Total Expenditures $535,814 $382994_ $0 $0 $918 808 Excess(Deficiency)Revenues _($ K1UJ8 �_•_ ($??9 346)_ "_..... $0 $0 ($421,924 over(under)Expenditures .,.....u,....,.__._,-„-;,.,...,,;.�•,..,;,,,w:i�-...,;......"..,.,•.u........ .......... .: ..'.•"-c,n.n�:• tA'y S"i': ^,pnr„ :.*4`f"Y`� KV': i-!'ne2 Re�3gjT rD 1 V'�� 3:Y£»'F+`Det: G���i.,�wr "yR. i�,,., ;..� �, a. e ;fie• .E cs�ryr"�,I� 'a".„�,. ..,,,�� ��;���rr' °�.�:=ar; �"�• _. •i��i,s�`�� �' ,rr^��^'! 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Low/Moderate Special Fiscal Year 2010 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Investments $0 Other Assets 302,4891 ,489 Investments:Land Held for 6,158,399 3,503,8801 $9,662,279 Resale Allowance for Decline In $0 i Value of Land Held for Resale Fixed Assets: Land, 47,056,000 $47,056,000 ;• Structures,and Improvements " "— Equipment $0 1 Amount Available In Debt $0 Service Fund Amount to be Provided for 144,478,000 $144,478 000, J Payment of Long-Term Debt Total Assets and Other $13,359,577 $8,565,228 _$36 2 �$0 $144 4� 78,000 $,00 $249,745,06. 60 Debits ,•„_,_ - (Must Equal Total Liabilities, Other Credits,and Equities) .';..,,:_;.,,:':;.i'x^.::•r.��,,;...,•.w;:'/'•:w_-^.R...i;,r..v�w.a:•:x^,x r�x» ••,f af 'S :r,"-s4;,n_�2.;-:"fi n:'. cC.,:xr"'.vx'',i''�vv.'1'«l i:ii'>,'.„,-�.f a'n,•k ..,>.',�EyyN@a te."',�°z.° x'';xk:.n^@`;kx x,:x@'vx y:yy.�t�„ry>��"vitAi'jRxx iXy�4A.`l;�N,'::.F-z,2"dx•kx,x::.'',."5}"St,i�,.,=,i,i,�.';�':'ok.,y.rt.'x� k VI-AR -.pi�5�i �I 4";an�§ hee her�e R� :.>.:. �4,t x'a..-a-..<:r=�-- "*t;rx-.�,ts�' fit' u•— a i "nqr !,'Fufe'Nrnw,�Rd'� r��J 1�°� �k '�`,�a�ii°� ?�F?.;v>�t4:4fi4;itG1;��;..;.r .. „.'., .. � s•..,.. ..:,....,:,:.w,;,,.,..,. .-.•s,_.';�,rt ra'.5-..m a .�, q.. ,411' .„�"v, e:... r dl sn J. .,. -- -.:.,,,,' „x...�....s...:,.,.<,:., .<:.;...yf.,r.�:xn:,F,...:5'Gnrv..,,:,;_, ..� :t;. .<:�i:•.k7`.�kc,u'- n'r.,.. �., .,,:. .. .r ,..r, ,,� .. ..,., .r ..,..C,..„a,. .,,Sf•.....,...�:.....,...,.k,,..,c S ,...:y., o �:.r..,,.,:M .,�h r .Low/Moderate Special Fiscal Year 2010 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Liabilities and Other Credits Accounts Payable 329,347 417,500 88,217 .Y $835,064 Interest Payable [ _ $0 Tax Anticipation Notes Payable $0 Loans Payable $0- Other Liabilities 140,000 3,659,139 24,180,765 $27,979,904_J Due to Capital Projects Fund 454,876 $454 876-- Due to Debt Service Fund MEMO= $0 Due to Low/Moderate 1,362,614 $1 362,614 J Income Housing Fund Due to Special -$�- Revenue/Other Funds Tax Allocation Bonds Payable E 22,400,000 $22,400,000 _; Lease Revenue,Certificates $0.___._.._.. ...........__.._.,...., of Participation Payable, Financing Authority Bonds All Other Long-Term Deb 122,078,000 $122,078,000 Total Liabilities and Other $2,286 837 $4 076,639 $24,268,982 $0 $144,478,000 $175,110 458 ._._._,.. _ _ ,. �,_ Credits tD ,F�� � g r+�� .. �a> ;;pp�ryry t.k:o.r.. ^�:.q..,. 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Q UVRITINW11'$.,i3� ila '. 4. u� ,w O Low/Moderate Special Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Fiscal Year 2010 Funds Funds Funds Funds Term Debt Assets Total O O Equities Investment In General 47,056,000 $47,056,000 Fixed Assets - Fund Balance Reserved 11,072,740 4,488,5891 12,017,273 1 $27,578;602 i Fund Balance _$0 Unreserved-Designated Fund Balance $0 Unreserved-Undesignated Total Equities $11,072,740 $4,488,589 _$12 017,273 $0 $47,056,000 174,634,602 I Total Liabilities, Other Credits, and Equities $13,359,577 $8,565,228 $36,286,255 _ �_$0 $144,478,000 $47,056,000 $249,745,060 :'• za'. wr "'rx va .;' .< ,:;,a'a :+�I „ � S«�µA ,,k � .e;a:� -:. �"5,... 1�;. .r. .9 d f•,v. ".rt a+.� rah s B;alarrce Sheet;:Lfabilitfes,�atlds r:ICxdl�sN,x, ....a., r y �c:ti •...<,:, .' „' _'" ., Jr '2010<,„ 4 °`� ;._�f, ',t«,dx:: �.,�� , ,r, --`�`"t•^v,.; :>a�,:i:s,,y,. ...,�y... 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Ma Redevelopment Agency Of The City Of Huntington Beach 2) Redevelopment Agencies Financial Transactions Report Statement of Income and Expenditures a Revenues-Consolidated Fiscal Year 2010 Low/Moderate Special Captial Project Debt Service Income Housing Revenue/Other Funds Funds Funds Funds Total Tax Increment Gross $0 $18,385,438 $0 $0 $18,385,438 Special Supplemental Subvention $0 �.� „ $0 $0 $0 Property Assessments $0 $0 _ $0 $0 $0 f Sales and Use Tax $0 $0 $0 $0 $0 Transient Occupancy Tax $0 _ $0 _ $0 JET- Interest Income $315,388 $231,977 _ _ $276,428 $0 $823,793 j Rental Income $0 $0 $0 $0 _ $0 l Lease Income $958,690 $0 $408,189 $0 $1,366,879 Sale of Real Estate w _.._ . $0. _... ,_--------- Gain on Land Held for Resale _ $0 -$0 $0 $0 $0 Federal Grants $0 _ $0 $0 $0 $0 Grants from Other Agencies $0 $0 $0 $0 I $0 Bond Administrative Fees $0 Mµ$0 _._ .__ $0 _ so- Other $0 Revenues $489,368 1 $500000 $35506,966 $0 $4,496,334 Total Revenues $1,763,446 $19,117,415 $4,191,583 __ _ $0 $25,072,444 Revenues-Consolidated Page 1 3/29/2010 Redevelopment Agency Of The City Of Huntington Beach Redevelopment Agencies Financial Transactions Report Statement of Income and Expenditures Expenditures-Consolidated Fiscal Year 2010 Low/Moderate Special Capital Projects Debt Service Income Housing Revenue/Other Funds Funds Funds Funds Total Administration Costs $1,201,773 $392,925 $674,041 $0 $2,268,739 Professional Services ._ $1,666,418 _ $0 $94143 W $0 $1760,561 J. Planning,Survey,and Design _ $0 _ $0 _ _M $0 _ . $0 _77 $0 i Real Estate Purchases _ $0 _ _$0 _ _$262,727 $0 $262,727 j Acquisition Expense $0 _$0 _ $0 $Q $0 j Operation of Acquired Property $0 $0 _ $0 _ .,__$0_„ _ $0 Relocation Costs $0 $0 Relocation Payments Site Clearance Costs $0 $0 $0 $0 $0 Project Improvement/Construction $12229,877 $1,100,00011" $2,702,488 _ $Q $16,032,365 Costs Disposal Costs „ _$0 w_. .$0 _ $0 $0 $0 Loss on Disposition of Land Held $0 $0 $0 $0 $D� for Resale Expenditures-Consolidated Page 1 3/29/2010 e T M fD a Redevelopment agency Of The City Of Huntington Beach V Redevelopment Agencies Financial Transactions Report W Statement of Income and Expenditures Expenditures-Consolidated .a Fiscal Year 2010 iV Capital Projects Debt Service Low/Moderate Special Total Funds Funds Income Housing Revenue/Other Funds Funds A B C D E Decline in Value of Land Held for $0 $0 $0 $0 $0 Resale Rehabilitation Costs $0 $0 $0 $0 $0 Rehabilitation Grants Interest Expense � _$0 7-_$1-77715 —7 , $0 _ $0 $1674,415� Fixed Asset Acquisitions $0 $0 _ $0 $0 _ $0 Subsidies to Low and Moderate $0 $0 $0 $0 $0 Income Housing Fund Debt Issuance Costsµ $0 $0 $0 $0 $0 Other Expenditures Including Pass $0 $2,854,468 $9,067 $0 $2,863,535 1 Through Payment(s) M Debt Principal Payments; Tax Allocation Bonds and Notes $0 $1,260,000 $0 $0 $1,260,000 i Revenue Bonds and Certificates of Participation City/County Advances and Loans $105 600 $4,334,665 $305,735 $0 $4,746 000 U.S.,State and Other Long-Term Debt $0 $2,989,032 $0 _ $0 w $2,989,032 1 Total Expenditures 177$157203 668 $14,605,505 $4,048 201 __ $0 $3�3 857, 74 Excess(Deficiency)Revenues $134441,222 __I4,61 1,91LJ $143,382 _ $0 $8_784,930 Over(Under)Expenditures _ Expenditures-Consolidated Page 2 3/29/2010 Redevelopment Agency Of The City Of Huntington Beach Redevelopment Agencies Financial Transactions Report Statement of Income and Expenditures Other Financing Sources (Uses)-Consolidated Fiscal Year 2010 Low/Moderate Special Capital Projects Debt Service Income Housing Revenue/Other Funds Funds Funds Funds Total Proceeds of Long-Term Debt $8 Proceeds of Refunding Bonds $0 M $0 $0 _ $0 $0 Payment to Refunded Bond Escrow , $0 Y,_,___,,, ,_,_ $0 $0 Agent Advances from City/County $0 $0 $0 $0 ___ $0 Sale of Fixed Assets $0 $0 $0 Miscellaneous Financing Sources(Uses) _ __$0 ($1,313 $0 $0313)„ Operating Transfers In Tax Increment Transfers In m $3,677,000 $3,677,000 I Operating Transfers Out _ _ $0 __ _ $0 _ $0 $0 $077 Tax Increment Transfers Out $0 $3,677,000 $3,677,000 (To the Low and Moderate Income Housing Fund) Total Other Financing Sources(Uses) m $8 850 000 w _ „($3,678,313} $3 $0 $8 848,687 ) fD Other Financing Sources(Uses)-Consolidated Page 1 3/29/2010 B T F* 0 Redevelopment Agency Of The City Of Huntington Beach Redevelopment Agencies Financial Transactions Report MStatement of Income and Expenditures Other Financing Sources(Uses)- Consolidated Capital Projects Debt Service Low/Moderate Special Total Funds Funds Income Housing Revenue/Other Funds Funds A B C D E Excess(Deficiency)of Revenues and ($4,590,222) $833,597 $3,820,382 $0 $63,757 i Other Financing Sources over Expenditures and Other Financing Uses Equity Beginning of Period $15 662,962 $3,654 992 _ $8,196,891 $0 $27,�514,845 j Prior Year Adjustments $0 _ $0 _ _ $OW $0 7-7.7..._._._7$0 J Residual Equity Transfers _�$0 $0 _ $0 � _ $0 — $0 Other(Explain) $0_ — $0 $0 $0 $0 ( Equity, End of Period $1 1,072,740 _ $4,488,589 $12,017,273 $0 $27 578,602 Other Financing Sources(Uses)-Consolidated Page 2 3/29/2010 Redevelopment Agency Of The City Of Huntington Beach -7 nffi_MAW Detailed Summary of Footnotes For Fiscal Year 2009-10 Forms Column Additional Details Footnotes A PROJECT AREA NAME= City Council rescinded the 'Huntington Beach time limit to incur debt on Redevelopment Project July 15,2002 by Ordinance Area No.V No.3566. C PROJECT AREA NAME= Pass through detail amount RE 1-0.- 'Southeast Coastal in this page is based on the Redevelopment Project! County of Orange FY of July 1st through June 30th while the Gross Tax Increment Generated is based on the HB FY of Oct 1st through Sept 30th. I I W-reg.V"'u'-m,,A- - ", C PROJECT AREA NAME= Total Paid to Taxing M T 'Southeast iCoastal Agencies is based on the Redevelopment Project' County of Orange FY of July 1st through June 30th but the Gross Tax Increment Generated is based on the HB FY of Oct 1 st through Sept 30th. D PROJECT AREA NAME= Gross Tax Increment in this 'Southeast Coastal— page is based on the HB FY .G' M OE Redevelopment Project of Oct 1st through Sept 30th but the Total Tax Increment Pass Through Detail is based on the County of Orange FY of July 1st through June 30th. 04 Ad` ffi ORN A BOND TYPE This amount consists of debt SRI ilb 7- g AJU-4ii&-MOW N IV -n- 'City/County Debt'and payments received from YEAR—AUTHORIZATION= various Redevelopment 1982 and Agency Funds PURPOSE—ISSUE= 'Project Funding'and PROJECT—AREA—NAME= 'Huntington Beach Redevelopment Project Area No. 1' go Footnotes Page 1 3/29/2010 Item 14. - Page 115 Redevelopment Agency Of The City Of Huntington Beach "' �:: �. �='�.;-� � Redeye obi entAgen ies Ft,.a�ncta���,ansactton Repo - - ii^, Detailed Summary of Footnotes For Fiscal Year 2009-10 Forms Column Additional Details Footnotes A PROJECT_AREA_NAME $105,600 applies to the = 'Huntington AREA payment of Big O Tire lease Redevelopment Project revenue paid to the General Area No- 1' Fund.It is part of the total debt paid to the City's Other Funds in FY 08-09. C`G: t Div,=y,-'r�r'S3.i-::td�'].v.' e. h 4 __ andkt oa �°..,; `> E PROJECT_AREA_NAME= The breakdown of debt WS `'{''" 'Huntington Beach payments made to the City Redevelopment Project of HB is as follows: Area No.1' Fd 305=$105,600 Fd 306=$305,735 Fd 407=$4,334,665 Total$4,746,000(this agrees to the RDA CUFR) E PROJECT AREA_NAME= $305,735 is part of the total 'Consolidated low and debt owed to the City_ Moderate Income Housing Funds' <,4IIr,. or�g•TDeb�fi `,;, { "" A PROJECT AREA NAME = HB Project Area 'Huntington-Beach- Redevelopment Project Area No- 1' E PROJECT AREA_NAME= The breakdown of all other 'Huntington_Beach LTD is based on the City of Redevelopment Project HB CUFR and consists of Area No.1' the following: FD 407=$2,989,032 FD 407$1,260,000(reported under Tax Allocation Bonds &Notes) Total$4,249,032 Footnotes Page 2 3/29/2010 Item 14. - Page 116 The Redevelopment Agency of the City of Huntington Beach Activities 2008-2009 AGENCY OVERVIEW During this year,the Redevelopment Agency of the City of Huntington Beach continued to implement the projects that were described in the Implementation Plans and the Ten Year Housing Compliance Plan, namely: HUNTINGTON BEACH PROJECT(MERGED AREA) • The Strand(Blocks 104-105 in the Main Pier sub area) • Pacific City • Surf City Nights • Downtown Specific Plan (DTSP)/Downtown Parking master Plan (DTMP) • Hyatt Huntington Beach Resort and Spa • Waterfront Hilton-Resort Expansion • Huntington Beach Marketing and Visitors Bureau(HBMVB) • Bella Terra I • Bella Terra II • Specific and Economic Revitalization Plan for Beach Boulevard and Edinger Corridor • Huntington Beach Automobile Dealers Association, Inc. (Auto Dealers) • Capital Improvements and Facilities SOUTHEAST COASTAL PROJECT • Utility Undergrounding • Magnolia Sidewalk & Pedestrian Lighting • Seawater Desalination Facility HOUSING • Acquisition of the Patterson Lane Site • Jamboree Housing I, II, III, and IV • Garfield/Delaware, Heil Affordable Housing Project • Colette's Children Home Keelson Lane • Pacific Court Apartments • City of Huntington Beach First Time Homebuyers Downpayment Assistance Program (DPAP) ADDITIONAL REDEVELOPMENT ACTIONS TAKEN DURING FISCAL YEAR 2008/2009 • Budgeting of Potential State of California ERAF IV Shift(AB 1389) PROTECTS & ACTIVITIES Huntington Beach (MerIzed Project Area) 1. The Strand is a multi-use project developed by CIM Group on an underutilized 3-acre site in the downtown area that officially opened in May 2009. Development of The Strand was Page 1 of 6 G:',Repons'statte Controller_IICD,Annua11200Q-2009,RDA:Activiiies 2008_2009(3).doc 1$ern 14. - Page 117 assisted in 2009 with a Sixth Implementation Agreement. Through this Agreement the Agency upgraded the hotel being constructed on the site from a "limited-service hotel" to the currently constructed boutique hotel, to adjust for recent changes in the economy and demographics and to attract more visitors to the area, create additional jobs, and ensure long-lasting, high quality standards for the hotel component of the project. The $2.4 million modified financial terms offered by the Agency enhance the sustainability of The Strand and the project area as a whole. Also in 2009, the City and Agency allowed a transfer of its interest in The Strand/CIM DDA to a collateralized property portfolio loan containing six properties, aggregately valued at $145 million. This action allowed CIM access to the funding it needed to effectively lease The Strand project site and enabled the City and Agency to better control development of the site. The Strand offers approximately 110,000 square feet of retail, restaurant, and office space within four distinct buildings, laced with open-air pedestrian walkways and public art. The Shorebreak Hotel, located within The Strand, offers 157 luxury rooms and Zimzala, an authentic coastal Mediterranean restaurant. The Strand also provides ample parking which is available for customers, employees, and Shorebreak Hotel guests. Nearing 100% occupancy, retail tenants include Forever 21, G by Guess, Sketchers, CVS, Active Ride, Rip Curl, Marilee's Swimwear, and Angl. Dining options include Johnny Rockets, RA Sushi, Zimzala, and New Zealand Natural Ice Cream. New tenants will be in operation by late spring 2010, including Sertino's Coffee, and Innocean Worldwide, an international marketing firm with over 150 employees that will lease all of the office space. Most importantly, The Strand development has generated more than 150 job positions in the retail,hotel, and restaurant industries. 2. Pacific City is being developed by Makar Properties on a 31 acre site at Pacific Coast Highway and First Street. A Community Facilities District (CFD) is proposed to fund the majority of the offsite public improvements such as street enhancements. The residential village, totaling 17.2 acres, will act as the cornerstone of Pacific City. There will be 516 upscale residential housing units built in four phases, ranging in sizes from 969 square feet to 2,500 square feet. This residential community will encompass a 191,000 square feet retail center featuring luxurious retail brands, prime office space, dining and entertainment complete with 1,215 parking spaces for patrons. Pacific City is scheduled to open in late 2014. The "W", a 157 room boutique hotel, is expected to open in Pacific City in 2015. This will be the first W Hotel in Orange County and first ocean-front W Hotel ever developed. 3. Surf City Nights is a street fair/farmer's market that takes place from 5-9 p.m. on Tuesday nights on the first three blocks of downtown Main Street between Pacific Coast Highway and Orange Avenue. Surf City Nights began as a three month trial street closure of Main Street and developed into a weekly, year-round event. The event is now maintained by the Downtown Business Improvement District. Due to the success of the event, residents and visitors now regularly take an evening stroll and dine at local restaurants on Tuesday nights. The street fair includes a farmer's market, live entertainment, children's activities, retail sales, food, arts and crafts. In 2009, the Agency approved the design and procurement of portable bollards for the closure of the downtown area to provide more efficient, economical, and aesthetic pedestrian safety and emergency access to the downtown area Page 2 of 6 Item 14. - Page 1 1$=Controller IJCD annual\'_008-2009.KDA activities 2008_2009(3).doc during Surf City Nights. The contract for construction of the specially designed bollards is expected to be awarded in 2010. 4. The Downtown Specific Plan (DTSP) and Downtown Parking Master Plan (DPMP) will assist in the redevelopment of blighted and/or underutilized parcels. In order to complete this task, the Agency hired RRM Design Group to develop land use provisions and urban design guidelines that support and encourage a mixed-use development community. Meetings were held with the community and interested parties, along with property owners as part of the environmental review process. The Planning Commission approved the DTSP and Environmental Impact Report in October 2009, after seven study sessions and public hearings. The City Council held the Public Hearing in November of 2009. 5. The Hyatt Huntington Beach Resort and Spa, a 517-room resort, offers ocean-front spa and conference facilities. The Hyatt opened for business on January 19, 2003. The Developer's Advance Loan Balance is estimated at $ 6,607,393 as of December 2009. The hotel paid its second Participation Payment to the Agency in 2008. A Third Implementation Agreement to the Disposition and Development Agreement (DDA) was negotiated between the Redevelopment Agency and Mayer Financial, L.P. in October 2008. The Third Implementation Agreement relates to the time frame for development of the northerly adjacent "Parcel C", where a new high-rise hotel with additional conference facilities is being proposed (see Waterfront Hilton below). Each extension of the Agreement by the Hyatt triggers a payment of$250,000 from Mayer Financial to the City to compensate for an estimated loss of Transient Occupancy Tax (TOT) that the City would have received with a timely development of the newly proposed, additional hotel on Parcel C. The project also pays lease payments to the Agency on an annual basis. 6. The Waterfront Hilton is working with the Agency to develop a third branded hotel on the above mentioned Parcel C, which is located between the Waterfront Hilton and Hyatt Hotel sites. Like the Hyatt project, the Waterfront Hilton project also pays lease payments to the Agency on an annual basis. 7. Huntington Beach Marketing and Visitors Bureau (HBMVB) promotes the City as a destination to attract and retain jobs. The HBMVB requested that the Agency provide a loan in the amount of$50,000 to help fund a strategic marketing plan aimed at promoting the City of Huntington Beach, including more up to date printed, electronic, and social marketing tools to draw additional vacationers and meeting and convention groups to the City. The interest bearing loan will be repaid to the City over the next five years. 8. Bella Terra I, formerly an outdated 56.5-acre retail property known as Huntington Center, was transformed into an entertainment/life style center. With the approval of the Second Implementation Agreement on September 17, 2007, the Agency commenced payment of its obligation of$15 million to the developer. The balance of these obligations is $14,532,000 as of September 30, 2008. The approximate 1,532 space public parking garage, funded by the Community Facilities District 2003-1 (Huntington Center), opened on October 1, 2005. Plans are also underway for the opening of a new Whole Foods Market in the Fall of 2010. Page 3 of 6 G::Reports`Statc Controller_I ICD Annual'`2004-2009.RDA:\ctivitics 2008 2009(.3).doc Item 14. - Page 119 9. Bella Terra II was initiated when DJM Capital Associates, LLC purchased the former Montgomery Wards 13.5 acre portion of the Bella Terra site, a parcel left vacant for a number of years. DJM Capital has amended the Bella Terra specific plan and the environmental impact report to allow construction of a mixed use project. DJM has been entitled to develop "The Crossings at Bella Terra", a mixed-use project that will consist of 156,000 square feet of retail space and 503-700 residential units. The Agency is currently negotiating with DJM on the various commercial and housing elements comprising the project; the project is scheduled to start in the next two years. The Agency may assist with the 15% inclusionary housing to be built on site. 10. The Specific and Economic Revitalization Plan for Beach Boulevard and Edinger Corridor was a joint effort of the Agency and City to enhance and maximize the potential of the Beach and Edinger Corridors (two major thoroughfares in the northerly part of the City). An analysis that took into consideration economic trends and community goals suggested the need for possible land-use changes. Meetings with community members, property owners, and other interested parties were held during the last two years. A Public Hearing regarding the Beach Edinger Specific Plan Environmental Impact Report was presented to City Council and the Agency in March of 2010. Beach and Edinger Boulevard have pockets of blight and vacant parcels. 11. Huntington Beach Automobile Dealers Association, Inc. (Auto Dealers) — In 2009, the economically pressed Auto Dealers (comprised of ten dealerships) requested loan assistance from the Agency to pay for continued operation of an electronic reader board strategically located at the entrance to the Beach and Edinger Corridor. When approving the five-year loan in the amount of$226,893, the Agency also provided a grant to the Auto Dealers in the amount of$30,304 to provide needed capital repairs to the reader board. The reader board has functioned as a vital tool in directing customers to the dealerships located along Beach Boulevard and provides a venue for advertising community services and special events. The Auto Dealers will repay the loan over the next five years. 12. Capital Improvements/Facilities - The one time revenue of $19 million from the Redevelopment Agency's participation payments from the Waterfront Residential project is funding various public improvements within the City's Merged Redevelopment Project Area. The revenue received during 2004-2006 will be expended over several years through the City's Capital Improvement Program (CIP). Approximately $18.5 million has been allocated for capital projects that include the Civic Center seismic retrofit (matched with FEMA funds), drainage improvements, concrete and asphalt replacement, streetlight replacements, restrooms north of the pier, permanent buildings on the pier, a visitor's kiosk at the Pier Plaza, internal building modifications for the Main street Library, and fire station renovations. The Surf City Nights pilot project was originally funded through this revenue source as well. All capital projects should be completed in 2010. Southeast Coastal Project Area 1. Utility Undergrounding -- Southern California Edison is taking the lead, working with the City, CalTrans, and the California State Beaches Department, in doing the design work for Page 4 of 6 Item 14. - Page 1202 Controllcr_IICD Anmial':2008-2009 RDA_actinitics 2008 2009(;).doc undergrounding the Edison utilities along PCH. Undergrounding of utilities along Newland Avenue was completed in 2009. 2. Seawater Desalination Facility -- The Redevelopment Agency approved an Owner Participation Agreement (OPA) dated February 27, 2006, with Poseidon Resources Corporation to provide for the development of a seawater desalination plant on property leased from the AES Corporation. The Agreement containing the covenants affecting the real property was recorded on June 8, 2006. Currently, AES is in the process of removing storage tanks from the property, amending existing entitlements, and acquiring approval of the project from the Coastal Commission. 3. Magnolia Street Sidewalk & Lighting -- The construction of a sidewalk and pedestrian lighting on both sides of Magnolia Street, included in the Capital Improvement Program (CIP) budget for last year, has been completed in 2009. Pedestrians who visit the beach in this area can now more safely navigate on foot or by bicycle. Housing_Activities 1. Acquisition of the Patterson Lane Site -- The Redevelopment Agency has acquired a vacant parcel at 18541 Patterson Lane for $522,500 using Housing Set Aside funds, intended for a Habitat for Humanity project. Habitat is proposing the development of two to three single family homes to be sold to qualified, lower income families. Construction of the homes is scheduled to begin in late 2010. 2. Jamboree Housing #1, II, III, and IV-- The Agency and City of Huntington Beach assisted Jamboree Housing Corporation, an Orange County based non-profit housing developer and designated CHDO (Community Housing Development Organization), to acquire and rehabilitate four apartment buildings in the Oakview sub-area. Completion of the projects resulted in the preservation and upgrading of 19 affordable rental units which will continue to be made available to low and very-low income families for 60 years. The timely completion of these projects represents Jamboree's commitment to produce quality, affordable housing and community programs for residents living in the Oakview neighborhood. The funding for these projects has been HUD HOME Partnership funds and Redevelopment Housing Set-Aside funds; the Housing Set-Aside funds also serve as required HOME "match funds". In an effort to use available housing funds efficiently, in 2009, the City substituted a portion of Housing Set Aside funds with newly awarded HOME funds on the Jamboree IV project. The project is expected to be completed in the spring of 2010. Jamboree will provide on-site management and tenant services for the tenants they serve. 3. Garfield/Delaware, Heil Affordable Housing Project -- The City of Huntington Beach acquired two parcels of property at the northeast corner of Delaware St. and Garfield Ave., and three parcels along Heil Avenue, as part of recent street widening projects. The parcels are currently being appraised as to fair market value and,therafter, will be offered as surplus land parcels following the exercise of due diligence in connection with the noticing of various public agencies, as required. The Agency may purchase the residentially zoned properties from the City and thereafter develop affordable housing on the parcels. Page 5 of 6 G:\Rcports'State Controller_HCD Annual\20O8-2009,.RDA Activities 200E 2009(3).doc Item 14. a Page 121 4. Colette's Children's Home Keelson Lane Acquisition/Rehab Project—The Agency assisted Colette's Children's Home, a non-profit housing developer and CHDO, with $2.1 million dollars in Housing Set-Aside funds to acquire and rehabilitate two apartment buildings in the Oakview sub-area. The completed project will preserve as affordable 10 housing units of varying sizes, including two five-bedroom units to accommodate larger low-income families. Currently under construction, the project is expected to be complete by June of 2010. During the coming fiscal year, the City and Agency will be working with Colette's to acquire and rehabilitate, and possibly construct, additional units on adjacent parcels. Colette's has demonstrated a strong dedication to the development of quality, affordable housing and community programs within the Oakview sub-area. 5. Pacific Court Apartments— In 2008 the Agency expended $7 million in Housing Set-Aside funds and $500,000 in HOME funds to assist developers, Orange Housing Development Corporation and C and C Development, to acquire and rehabilitate the 48 apartment units located at 2200 Delaware Avenue. The project, now known as Pacific Court, will provide affordable housing for 47 very-low and low income households and will be completed in the summer of 2010. Once completed, the interior courtyard and greenbelt areas within the complex will provide an area for barbeques or other family activities, and a playground where children can play together. Pacific Court is conveniently located directly across from the Boys and Girls Club which offers youth services and programs to children who live in Huntington Beach. This complex had formerly been deemed uninhabitable by Code Enforcement, City Attorney's Office, and the courts. 6. City of Huntington Beach First-Time Homebuyers Down Payment Assistance Program (DPAP) — In May of 2009, the Agency approved the appropriation of$1,050,000 Housing Set-Aside funds to set up, utilize, and maintain a DPAP revolving loan fund to provide down payment assistance loans up to $100,000 to eligible moderate-income households purchasing their first affordable home in the City. Under the DPAP guidelines, families working and living in the City will be shown priority as to loan consideration. The Agency is working with Affordable Clearinghouse to administer the DPAP Program. To date, a total of $469,000 in down payment assistance funds have been approved allowing six moderate-income families to purchase an affordable home. Six more buyers are expected to be approved during 2010. An additional $500,000 is being appropriated in 2010 to assist other applicants. Additional Redevelopment Actions Taken During Fiscal Year 2008/2009 1. Approval of Potential State of California ERAF IV Shift (AB 1389)—Upon becoming aware of the State's intended one-time taking of redevelopment funds from redevelopment agencies in the State to balance the State's budget, in 2009, the Agency approved the shift of a required $1,106,473 from Merged Project Area Debt Servicing Funds and Low-Income Housing Funds. However, because the State was defeated by a lawsuit against its intended actions, the Agency was able to retain these funds for use on other projects. Page 6 of 6 Item 14. - Page 122"Controller_ HCr) fknnual','_U08-2009,RDA Activities 20082009(3).doc Additional Reports for State Controller City of Huntington Beach RDA Fiscal Year Ended September 30,2009 1) Blight progress report (specifies actions and expenditures made in the previous fiscal year to alleviate blight), Health & Safety Code §33080.1(d). On December 21,2009, the Agency approved the Five Year Implementation Plan (2010-2014)for the Huntington Beach Project(Merged), as well as the Ten Year Housing Compliance Plan(2005-2014)that is on file with the State Controller. During fiscal year 2008-09 blighted conditions were mitigated through the programs described in these plans. Of particular note is the near completion of the CIM project, "The Strand", a mixed-use, downtown development comprised of 110,000 SF of office, retail, restaurant, and hotel space, and a 410-space parking structure. Through attractive pedestrian corridors,The Strand provides visitors with a comfortable, safe route between The Strand and Main Street, and compliments the bustling downtown area.The Strand underground parking structure also provides convenient underground parking for residents, shoppers, and tourists visiting the downtown. Since its soft opening in 2008,this project has created over 150 new employee positions. Construction on the commercial components making up the Makar Properties project,"Pacific City",continues to experience unexpected delays, due to the state of the economy. The commercial portion of the project is expected to be complete in 2013,with construction of the housing components of the project to follow shortly thereafter. The Agency was also in the process of updating the existing Downtown Specific Plan and Downtown Parking Master Plan which covers the Main-Pier Subarea. This update of both plans is being undertaken to address ongoing underutilization of properties, deteriorated buildings, incompatible land uses producing both physical and economic blight, spur the removal of obsolete and explore a variety of housing opportunities. This will create additional jobs and utilize dilapidated vacant parcels along a main corridor in the City of Huntington Beach. Efforts continue to enhance and maximize the potential of the major thoroughfares known as Beach Boulevard and Edinger Avenue, through a Specific Plan which is expected to be completed in 2010. A commercial property located along Edinger Avenue favorably located next to an existing Agency owned property in the Huntington Center Subarea,was purchased in 2009 by the Agency for future development of a limited service hotel. Other steps taken by the Agency in an effort to revitalize the recent economy include loans and grants for continued operation and repair of the electronic reader board,which is used predominantly by the auto dealers located along Beach Boulevard, support of marketing tactics proposed by the Marketing and Visitors Bureau, and the purchase of specially designed bollards to ensure a safe, pedestrian friendly downtown on Surf City Night Tuesdays as well as other special events in the downtown. In the Southeast Redevelopment Project Area,the Agency continues to work with Edison,CalTrans,and the California State Beaches ° Department to underground the Edison utilities along Pacific Coast Highway. The proposed development of a seawater desalination plant, "The Poseidon Project", is scheduled for consideration by the California Coastal Commission in 2010. tD Page 1 N W rr M Capital Improvement Projects this year include the Civic Center seismic retrofit(matched with FEMA funds), drainage improvements, concrete and asphalt replacement, streetlight replacements,restrooms north of the pier, permanent buildings on the pier, a visitor's kiosk at the Pier Plaza, internal building modifications for the Main Street Library, and fire station renovations. 2) Loan report (identifies loans (receivable) which equal or exceed$50,000 and that were found by the agency during the previous fiscal year to have either defaulted or not complied with the terms of the agreements approved by the agency), Health& Safety Code §33080.1(e). a) None 3) Property report (describes properties owned by the agency and those acquired in the previous fiscal year), Health and Sa�Qode §33080.1(D. a) The City of Huntington Beach acquired one property in the fiscal year ending September 30,2009,as follows: Assessor's Description Parcel Number Acres Cost Acquired._ Funding Source Category 7872 Edinger Avenue (Big O AP142-081-28 0.52 $3,500,000.00 01/28/2009 Tax Incrememt Resale b) A e cy Owned Land as of September 30,2009: Assessor's Description Parcel Number Acres Cost Acquired Funding Source Category Bowen Court Senior Housing Project- Sixty-year lease with Merit Housing, commencing Possessory 6/11/2001. $1.00/year lease AP 023-042-18,- Interest payment. 19,-20,-21,-22 0.751 $885,000.00 9/30/1994 Housing Set-Aside Asset Surf Museum SEC 5th/Olive AP 024-147-01 0.116 $286,300.00 7/1/1991 Tax Increment Asset Block 104 (10' Remnant Abdelmuti parcel exchanged as 10' portion of AP 024-153- 12 Gosney)Acquisition cost was proportionately.reduced AP 024-153-21 0.017 $259,000.00 10/1/1989 Tax Increment Asset Vacant Land, Formerly AP 165-364-05 (7921 Cypress Walker and part of-07 AP 165-364-24 0.262 $180,295.00 10/1/1989 Tax Increment Resale Possessory Waterfront Leasehold for 99 AP 024-251-01 & Interest ears. 024-252-01, -02 22.079 $14,023,000.00 7/1/1989 Tax Increment Asset Vacant Land (NEC Pa rkside/Ald rich) AP 142-081-06 0.413 $664,582.00 9/1/1988 Tax Increment Resale Page 2 Assessor's Description Parcel Number Acres Cost Acquired Funding Source Category Vacant Land (NEC AP 142-081-09,- Parkside/Aldrich) 10,-11,-12 1.023 $753,180.00 9/1/1988 Tax Increment Resale Gothard/ Hoover(Housing) AP 142-073-03 2.718 $1,084,074.00 9/1/1987 Tax Increment Resale Gothard/ Hoover(Westminster Parcel) AP 142-311-34 1.166 $465,059.00 9/1/1987 Tax Increment Asset 18451 Patterson Lane 157-341-22 0.17 $522,500.00 11/5/2007 Housing Set-Aside Resale 7872 Edinger Avenue (Big O AP142-081-28 0.52 $3,500,000.00 01/28/2009 Tax Increment Resale 6.111 $6,704,631 Total for Land Held for Resale rt lD e Page 3 N N CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT REDEVELOPMENT AGENCY ANNUAL HOUSING ACTIVITY REPORT FY ENDING: September / 30 / 2009 Agency Name and Address: County of Jurisdiction: Redevelopment Agency of the City of Huntington Beach Orange 2000 Main Street, 5th Flr. Huntington Beach, CA 92648 Health&Safety Code Section 33080.1 requires agencies(RDAs)to annually report on their Low&Moderate Income Housing Fund and housing activities for the Department of Housing and Community Development(HCD)to report on RDAs'activities in accordance with Section 33080.6. Please answer each question below. Your answers determine how to complete the HCD report. I. Check one of the items below to identify the Agency's status at the end of the reporting period: ❑ New(Agency formation occurred during reporting year. No financial transactions were completed). ® Active(Financial and/or housing transactions occurred during the reporting year) ❑ Inactive(No financial and/or housing transactions occurred during the reporting year). ONLY COMPLETE ITEM 7 ❑ Dismantled(Agency adopted an ordinance and dissolved itself before start of reporting year). ONLY COMPLETE ITEM 7 2. During reporting year,how many adopted project areas existed? 2 Of these,how many were merged during year? 0 If the agency has one or more adopted project areas complete SCHEDULE HCD-A for each Project area. If the agency has no adopted proiect areas DO NOT complete SCHEDULE HCD-A(refer to next question). 3. Within an area outside of any adopted project area(s): (a)did the agency destroy or remove any dwelling units or displace any households over the reporting period,(b)does the agency intend to displace any households over the next reporting period,(c)did the agency permit the sale of any owner-occupied unit prior to the expiration of land use controls over the reporting period,and/or (d)did the agency execute a contract or agreement for the construction of any affordable units over the next two years? ® Yes(any question). Complete SCHEDULE HCD-B. ❑ No(all questions). DO NOT complete SCHEDULE HCD-B(refer to next question). 4. Did the agency's Low&Moderate Income Housing Fund have any assets during the reporting period? ® Yes. Complete SCHEDULE HCD-C. ❑ No. DO NOT complete SCHEDULE HCD-C. 5. During the reporting period,were housing units completed within a project area and/or assisted by the agency outside a project area? ® Yes. Complete all applicable HCD SCHEDULES D I-D7 for each housin-a proiect completed and HCD SCHEDULE E. ❑ No. DO NOT complete HCD SCHEDULES Dl-D7 or HCD SCHEDULE E. 6. Specify whether method A and/or B was used to report financial and housing activity information to HCD: ❑ A. Forms. All required HCD SCHEDULES A,B,C DI-D7,and E are attached. ® B. On-line(http://Www_hcd.ca.govlyda)"Lock Report"date: 2010 HCD SCHEDULES not required. (lock date is shown under "Admin"Area and"Report Change History') 7. To the best of my knowledge: (a)the representations made above and b a ency information reported are correct. March 29,. 2010 Date Signature of uthon ncy Representative ,tan1 eV Smt3l ewi tz, DelDlit- Rxac ut-i vF' Director Title (714) 536-5582 Telephone Number • IF NOT REQUIRED TO REPORT,SUBMIT ONLYA PAPER COPY OF THIS PAGE. • IF REQUIRED TO REPORT,AND REPORTING BY USING PAPER FORMS(I1V PLACE OF REPORTING ON-LINE),SUBMIT THIS PA GE AND ALL APPLICABLE HCD FORMS(SCHEDULES A-E) WITHA COPY OFAGENCY'SAUDIT. • IF REPORTING ON-LINE,PRINT AND SUBMIT"CONFIRMATION LETTER 11 UPON LOCKING REPORT • MAIL A COPY OF(a)CONFIRMATION LETTER(IF HCD REPORT WAS ELECTRONICALLY FILED) 2R(b)COMPLETED FORMS AND(c)AUDIT REPORT TO BOTH HCD AND THE SCO_ Department of Housing&Community Development The State Controller Division of Housing Policy Division of Accounting and Reporting Redevelopment Section Local Government Reporting Section 1800 3rd Street,Suite 430 3301 C Street:Suite 500 Sacramento,CA 95814 Sacramento, CA 95816 Redevelopment Agency Annual Report-Fiscal Year 2006-2007 HCD-Cover '_..-'7"aim, Page 1 of I Item 14. e Page 126 RDA Reporting System- Confirmation Page 1 of 1 Confirmation of Redevelopment Agency On-Line Filing of Annual HCD Report To: State Controller Division of Accounting and Reporting Local Government Reporting Section P.O.Box.942850 Sacramento,CA 94250 This notice is automatically generated by HCD's On-Line Reporting System.The purpose is to inform and verify to the SCO that the redevelopment agency electronically filed the annual HCD report and HCD, by this notice, electronically received the annual HCD report. Below identifies the reporting redevelopment agency,authorized person who filed the report, and the date and time HCD received the agency's annual report: Redevelopment Agency: HUNTINGTON BEACH Agency Administrator: Terri King Date: 03/25/2010 Time: 03:29 pm Note to Redevelopment Agency: Send this notice and a copy of the agency's independent auditor's report and financial statement to the SCO at the above address. It is not necessary to submit a paper copy of HCD's reporting schedules to either the SCO or HCD. Item 14. ;Page 127 California Redevelopment Agencies-Fiscal Year 2009/2010 Status of Low and Moderate Income Housing Funds Sch C Agency Financial Summary 0 HUNTINGTON BEACH T ly Adjusted Project Agency Net Other Total *Unen- Unen- Unen- Beginning Area Other Total Resources Housing Housing Encum- cumbered cumbered cumbered Balance Receipts Revenue Expenses Available Fund Assets Fund Assets brances Balance Designated Not Dsgntd IV co $6,834,276 $3,677,087 $4,191,583 $4,048,201 $10,654,745 $1,362,528 $12,017,273 $0 $10,654,745 $0 $10,654,745 Expenses Debt Service Planning and Property Subsidies Total Administration Acquisition Costs 2009l201 Q $305,735 $777,251 $262,727 $2,702,488 $4,048,201 *The Unencumbered Balance is equal to Net Resources Available minus Encumbrances Note: Print this report in Landscape Orientation (Use the Print Icon just above,then Properties then Landscape) Page 1 of 1 03/25/10 California Redevelopment Agencies- Fiscal Year 2009/2010 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH Beginning Balance $6,834,276 Adjustment to Beginning Balance $0 Adjusted Beginning Balance $6,834,276 Total Tax Increment From PA(s) $3,677,087 Total Receipts from PA(s) $3,677,087 Other Revenues not reported on Schedule A $4,191,583 Sum of Beginning Balance and Revenues $14,702,946 Expenditure Item Subitem Amount Remark Debt Service Debt Principal Payments City/County Advances&Loans $305,735 Subtotal of Debt Service $305,735 Planning and Administration Costs Administration Costs $674,041 Other $9,067 Pass-Through Payments Professional Services $94,143 Subtotal of Planning and Administration Costs $777,251 Property Acquisition Acquisition Expense $262,727 Subtotal of Property Acquisition $262,727 Subsidies from the LMIHF Other $2,702,488 Loans to nonprofit developers for purchase/rehab/reloca ion/fees of afford rental hsg(Jam IV/Colette KLSN) Subtotal of Subsidies from the LMIHF $2,702,488 Total Expenditures $4,048,201 Page 1 of 3 03/25/10 Item 14. - Page 129 California Redevelopment Agencies- Fiscal Year 2009/2010 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH Net Resources Available $10,654,745 Indebtedness For Setasides Deferred $0 Other Housing Fund Assets Category Amount Remark Loan Receivable for Housing Activities $1,362,528 Total Other Housing Fund Assets $1,362,528 Total Fund Equity $12,017,273 2005/2006 $2301008 2006/2007 $2779435 sum of 4 Previous Years' Prior Year Ending Excess Surplus for 2007/2008 $3061826 Tax Increment for 2009/2010 Unencumbered Balance 2009/2010 2008/2009 $3405601 $11547870 $6,834,276 $0 Sum of Current and 3 Previous Years'Tax Increments $12,923,949 Adjusted Balance $10,654,745 Excess Surplus for next year $0 Net Resources Available $10,654,745 Unencumbered Designated $0 Unencumbered Undesignated $10,654,745 Total Encumbrances $0 Unencumbered Balance $10,654,745 Unencumbered Balance Adjusted for Debt Proceeds $0 Unencumbered Balance Adjusted for Land Sales $0 Excess Surplus Expenditure Plan No Excess Surplus Plan Adoption Date Site Improvement Activities Benefiting Households Income Level Low Very Low Moderate Total Construction 0 0 0 0 Rehabilitation 6 9 0 15 Health and Safety Hazard 0 0 0 0 Page 2 of 3 03/25/10 Item 14. - Page 130 California Redevelopment Agencies- Fiscal Year 2009/2010 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH Land Held for Future Development Site Name Num Of Zoning Purchase Estimated Acres Date Start Date Remark Gothard/Hoover Hsg 2.71 09101/1987 18451 Patterson Ln .17 11/05/2007 Use of the Housing Fund to Assist Mortgagors Income Adjustment Factors Requirements Completed --` � Home Is Hope Non Housing Redevelopment Funds Usage Resource Needs LM1HF DepositsNYithdrawls Document Document Custodian Custodian COPY Name Date Name Phone Source ED 08-52 15-DEC-08 City of Huntington (714)536-5404 City of Huntington Beach Beach City Clerk ED 09-11/ED 09-36 02-MAR-09 City of Huntington (714)536-5404 Huntington Beach Beach City Clerk Achievements Description Page 3 of 3 03/25/10 Item 14. m Page 131 rt California Redevelopment Agencies-Fiscal Year 2009/2010 Project Area Contributions to Low and Moderate Income Housing Funds Sch A Project Area Summary Report HUNTINGTON BEACH >y CO Tax Incr. Percent Total fD Project Area 100%of Tax 20%Set Aside Tax Increment Amount Amount Deposited to of Tax Repayment Other Deposited to Increment Requirement Allocated Exempted Deferred Hsng Fund Incr Dep Deferrals Income Housing W N HUNTINGTON BCH REDEV $18,264,486 $3,652,897 $3,652,897 $0 $0 $3,652,897 20.00% $0 $0 $3,652,897 PRJCT(MRGED) SO-EAST COASTAL $120,952 $24,190 $24,190 $0 $0 $24,190 20.00% $0 $0 $24,190 REDEVELOP PRJCT Agency Totals: $18,385,438 $3,677,088 $3,677,087 $0 $0 $3,677,087 20.00% $0 $0 $3,677,087 Note: Print this report in Landscape Orientation (Use the Print Icon just above,then Properties then Landscape) Page 1 of 1 03/25/10 California Redevelopment Agencies-Fiscal Year 2009/2010 Project Area Contributions to Low and Moderate Income Housing Fund Sch A Project Area Financial Information Agency HUNTINGTON BEACH Address 2000 Main Street,5th Floor Huntington Beach CA 92M Project Area HUNTINGTON BCH REDEV PRJCT(MRGED) Type: Inside Project Area Status: Active Plan Adoption: 1996 Plan Expiration Year: 2024 Gross Tax Calculated Amount Amount Amount Total % Cumulative Increment Deposit Allocated Exempted Deferred Deposited Def. $18,264,486 $3,652,897 $3,652,897 $0 $0 $3,652,897 20.00% $0 Repayment $0 Category Total Additional Revenue $0 Total Housing Fund Deposits for Project Area $3,652,897 Project Area SO-EAST COASTAL REDEVELOP PRJCT Type: Inside Project Area Status: Active Plan Adoption: 2002 Plan Expiration Year: 2032 Gross Tax Calculated Amount Amount Amount Total % Cumulative Increment Deposit Allocated Exempted Deferred Deposited Def. $120,952 $24,190 $24,190 $0 $0 $24,190 20.00% $0 Repayment $0 Category Total Additional Revenue $0 Total Housing Fund Deposits for Project Area $24,190 Agency Totals For All Project Areas: Gross Tax Calculated Amount Amount Amount Total % Cumulative Increment Deposit Allocated Exempted Deferred Deposited Def. $18,385,438 $3,677,087.6 $3,677,087 $0 $0 $3,677,087 20% $0 Total Additional Revenue from Project Areas: $0 Total Deferral Repayments: $0 Page 1 of 2 03/25/10 Item 14. - Page 133 California Redevelopment Agencies-Fiscal Year 2009/2010 Project Area Contributions to Low and Moderate Income Housing Fund Sch A Project Area Financial Information Total Deposit to Housing Fund from Project Areas: $3,677,087 Page 2 of 2 03/25/10 Stem 14. - page 134 California Redevelopment Agencies-Fiscal Year 2009/2010 Sch A/B Project Area Program Information HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT (MRGED) UNITSLOST - - - - - - - - - - - - - - - --- - - - - - - - - - - - - - - - - --- --- - - --- - - - --- - --- Very Low Low Moderate Above Total Moderate Reporting Period: Current Redevelopment Category Households Removed-Non Elderly 4 1 3 0 8 REPLACEMENT HOUSING PLAN --------------------------------------------------------------------------------------- Report Period Custodian Name Adoption Date Current Jamboree 174342 Koledo Ln City of Huntington Beach City Clerk 09-MAY-09 Colettes17432-17442 Keelson Ln City of Huntington Beach City Clerk 08-APR-09 Page 1 of 1 03/25/10 Item 14. - Page 135 California Redevelopment Agencies-Fiscal Year 2009/2010 Sch D General Project Information HUNTINGTON BEACH Project Area Name: HUNTINGTON BCH REDEV PRJCT(MRGED) Project Name: 17442 Koledo Lane Jamboree IV Address: 17442 Koledo Lane Huntington Beach 92647 Owner Name: JHC-Oakview,LLC UNITINVENTORY - - - - --- - --- - - - - - - - - --- - - - --- - - - - - - --- --- - - - - - --- --- - --- Very Low Low Moderate Above Mod Became Total Ineligible Other Provided with LMIHF Unit Non-Substantial Rehabilitation Non-Agency Rental Non-Elderly 5 0 0 0 0 5 Unit Total 5 0 0 0 0 5 ROJECTFUNDINGSOURCE - - - - - - - - - - - - - - - - - - - - - - - - --- - --- - - - - --- --- - ---- Funding Source Amount Redevelopment Funds $880,346 Federal Funds $511,296 Private Funds $196,912 Project Name: Colette's 17432-17442 Keelson Lane Address: 17432-17442 Keelson Lane Huntington Beach 92647 Owner Name: Colette's Children's Home,Inc. PECIALNEEDSUNITS - - - - --- - - - - - - - - - - - --- - - - - - ----- - - - - - --- - - - --- - - - - Category Sub Category Count Special Need Unit Special Needs 2 Special Need Unit Large Family 2 UNITINVENTORY - - - - - - - - - - - - - - - - --- - - - - - - --- - - - - - --- - --- - - - - --- - - - - Very Low Low Moderate Above Mod Became Total Ineligible Other Provided with LMIHF Unit Non-Substantial Rehabilitation Non-Agency Rental Non-Elderly 4 6 0 0 0 10 Unit Total 4 6 0 0 0 10 PROJECT FUNDING SOURCE Funding Source Amount Redevelopment Funds $2,262,833 Owner Equity $560,000 Page 1 of 3 03/25/10 Item 14. - Page 136 California Redevelopment Agencies-Fiscal Year 2009/2010 Sch D General Project Information HUNTINGTON BEACH Project Area Name: HUNTINGTON BCH REDEV PRJCT(MRGED) Project Name: Various Non-Restricted Owner Development Address: Various Addresses, Huntington Beach Owner Name: Various Owners NON ASSISTED PROJECT UNITS Category vlow low mod amod Building Permit Number Building Permit Date New Constructions 0 0 0 3 B2006-000571 10-OCT-08 C2008-003276 08-JUN-09 B2006-000571 10-OCT-08 Page 2 of 3 03/25/10 Item 14. - Page 137 California Redevelopment Agencies-Fiscal Year 2009/2010 Sch D General Project Information HUNTINGTON BEACH Page 3 of 3 03/25/10 Item 14. e Page 138 SCHEDULE HCD E CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-137 which are developed in a project area by any entity (agency or non-agency). PART [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1.New Units 0 2.Substantially Rehabilitated Units 0 3.Subtotal-Baseline of Units (add line 1 &2) 0 4.Subtotal of Inclusionary Obligation Accrued this Year for Units(line 3 x 30%) 0 5.Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART II [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 3 7.Substantially Rehabilitated Units 0 8.Subtotal-Baseline of Units (add lines 6&7) 3 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4 &9) 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11101) -Totals may be impacted by rounding Page 1 of 1 Item 14. e Page 139 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: 17362 JACQUELYN JAMBOREE III NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-137 which are developed in a project area by any entity (agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units ' 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4.Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8.Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units (line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) `Totals may be impacted by rounding Page 1 of 17 Item 14. - Page 140 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: 17362 KOLEDO JAMBOREE II NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency). PART I [H&SC Section 33413(b)(1)) AGENCY DEVELOPED 1. New Units + 0 2.Substantially Rehabilitated Units 0 3.Subtotal-Baseline of Units(add line 1 &2) 0 4.Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0 5.Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)j NON-AGENCY DEVELOPED UNITS 6.New Units 0 7.Substantially Rehabilitated Units 0 8.Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) 'Totals may be impacted by rounding Page 2of17 Item 14. - Page 141 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 200912010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: 17372 KOLEDO JAMBOREE I NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity(agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units (add line 1 &2) 0 4.Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units (add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fisral Year 200912010 03/25/2010 Schedule E(11101) 'Totals may be impacted by rounding Page 3 of 17 Item 14. e Page 142 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: 17442 KOLEDO LANE JAMBOREE IV NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity(agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4. Subtotal of Inclusionary Obligation Accrued this Year for Units(line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0 PART II [H&SC Section 33413(b)(2)) NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11101) 'Totals may be impacted by rounding Page 4 of 17 Item 14. e Page 143 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: ASH STREET CONDOS NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity(agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4. Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6.New Units 0 7.Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units (line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) I 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5&10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) 'Totals may be impacted by rounding Page 5 of 17 Item 14. e Page 144 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only: Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: BOWEN COURT SENIOR APARTMENTS NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-137 which are developed in a project area by any entity(agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2.Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4. Subtotal of Inclusionary Obligation Accrued this Year for Units(line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units (add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) I 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5&10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11101) 'Totals may be impacted by rounding Page 6 of 17 Item 14. - Page 145 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: COLETTE'S 17432-17442 KEELSON LANE NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity(agency or non-agency). PART I tH&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3.Subtotal-Baseline of Units(add line 1 &2) 0 4.Subtotal of Inclusionary Obligation Accrued this Year for Units(line 3 x 30%) 0 5.Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8.Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units (line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) ' 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 Califomia Redevelopment Agencies-Fiscal Year 200912010 03/25/2010 Schedule E(11f01) 'Totals may be impacted by rounding Page 7 of 17 Item 14. - Page 146 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: COLETTES CHILDRENS HOME 1 NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency). PART 1 [H&SC Section 33413(b)(1)) AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4.Subtotal of Inclusiona Obligation Accrued this Year for Units (line 3 x 30%) 0 5.Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0 PART Il [H&SC Section 33413(b)(2)) NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8.Subtotal-Baseline of Units (add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) I 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) 'Totals may be impacted by rounding Page 8 of 17 Item 14. - Page 147 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only: Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: COLETTES CHILDRENS HOME 2 NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency). PART t [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units (add line 1 &2) 0 4.Subtotal of Inclusionary Obligation Accrued this Year for Units(line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7.Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 1=0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11101) 'Totals may be impacted by rounding Page 9 of 17 Item 14e - Page 1411 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: INTERVAL HOUSE TRANSITIONAL HOUSING NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-137 which are developed in a project area by any entity (agency or non-agency). PART I [H&SC Section 33413(b)(1)j AGENCY DEVELOPED 1. New Units 0 2.Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units (add line 1 &2) 0 4. Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)) NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) I 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) 'Totals may be impacted by rounding Page 10 of 17 Item 14. - Page 149 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: OCCHC-KOLEDO 2 NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units (add line 1 &2) 0 4. Subtotal of Inclusionary Obligation Accrued this Year for Units line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(fine 4 x 50%) 0 PART II [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units (add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units (line 9 x 40%) 0 PART III TOTALS 11. Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) + 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11101) 'Totals may be impacted by rounding Page 11 of 17 Item 14. - Page 150 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: OCCHC-KOLEDO 3 NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency). PART [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4.Subtotal of Inclusiona Obligation Accrued this Year for Units(line 3 x 30%) 0 5.Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART II [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8.Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) ' 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) 'Totals may be impacted by rounding Page 12 of 17 Item 14. - Page 151 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only:Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: OCCHC-KOLEDO 4 NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity(agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1.New Units 0 2.Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units (add line 1 &2) 0 4.Subtotal of Inclusionary Obligation Accrued this Year for Units(line 3 x 30%) 0 5.Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6.New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units (add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART Ill TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) I 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 200912010 03/25/2010 Schedule E(11l01) 'Totals may be impacted by rounding Page 13 of 17 Item 14. - Page 152 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only: Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: OCCHC-KOLEDO 5 NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity(agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4. Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0 5.Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART 11 [H&SC Section 33413(b)(2)1 NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units(add lines 6&7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) 'Totals may be impacted by rounding Page 14 of 17 Item 14. - Page 153 SCHEDULE HCD E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES (This Form is Information Only: Actual Obligation is based on Implementation Plan) Report Year: 2009/2010 Agency: HUNTINGTON BEACH Project Area: HUNTINGTON BCH REDEV PRJCT(MRGED) Project: PLAZA ALMERIA NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency). PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED 1. New Units 0 2. Substantially Rehabilitated Units 0 3. Subtotal-Baseline of Units(add line 1 &2) 0 4. Subtotal of Inclusionary Obligation Accrued this Year for Units(line 3 x 30%) 0 5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units(line 4 x 50%) 0 PART II [H&SC Section 33413(b)(2)] NON-AGENCY DEVELOPED UNITS 6. New Units 0 7. Substantially Rehabilitated Units 0 8. Subtotal-Baseline of Units(add lines 6& 7) 0 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 0 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 0 PART III TOTALS 11.Total Increase in lnclusionary Obligations During This Fiscal Year(add line 4&9) ( 0 12.Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 0 California Redevelopment Agencies-Fiscal Year 2009/2010 03/25/2010 Schedule E(11/01) 'Totals may be impacted by rounding Page 15 of 17 Item 14. - Page 154