Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Receive and File Annual Report of the Huntington Beach Redev
Council/Agency Meeting Held: D4— Deferred/Continued to: Approved ❑ Conditionally Approved ❑ Denied C y Cl k's Si ature Council Meeting Date: 8/15/2005 Departme ID Number: ED 05- 2 CITY OF HUNTINGTON BEACH REQUEST FOR REDEVELOPMENT AGENCY ACTION SUBMITTED TO: HONORABLE CHAIRMAN AND REDEVELOPMENT AGENCYD "y4 MEMBER SUBMITTED BY: PENS P�BRETH-GRAFT, DPA 1EXECUTIVE DIRECT R PREPARED BY: ROBERT F. ��, NG AS STANT EXE UTIVE DI RECTO /<::�r SUBJECT: Receive and File: 2003-2004 State Controller's Rep rt Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachments) Statement of Issue: Section 33080.1 of the State of California Health and Safety Code ("Redevelopment Law") requires that the Redevelopment Agency (Agency) prepare an Annual Report that is sent to the State Controller's Office. The report is now being submitted to the Redevelopment Agency for formal receipt and filing. Funding Source: Not applicable. Recommended Action: Motion to: 1. Receive and file the 2003-2004 State Controller's Report. Alternative Action(s): Not Applicable. Analysis: The Redevelopment Agency is required to annually submit its State Controller's Report to the State Controller's Office (SCO). The report being submitted is comprised of information regarding the Agency's financial transactions, blight progress, as well as loan, property and housing activities for the fiscal year of 2003/2004. A copy of the Agency's audit was also sent to the State Controller as part of the report. This information is used at the state level to monitor the Agency's activities and report on the progress of redevelopment and affordable housing projects and financing throughout California. REQUEST FOR ACTION MEETING DATE: 8115/2005 DEPARTMENT ID NUMBER:BD 05-22 Economic Development and Administrative Services staff jointly prepared the report which must now be formally received by the Redevelopment Agency at this time. Environmental Status: Not applicable. Attachment(sl: City Clerk's r No. Description 1. 2003-2004 State Controller's Report (financial transactions and blight 2 progress) Housing Activity Report G:\Terri\RCA\BRCA 05-22ContrReport0304.doc -2- 8/1/2005 3:52 PM 2003-2004 State Controiiees Report (financial transactions and blight progress) Attach ent o ■ 1 REDEVELOPMENT AGENCIES FINANCIAL TRANSACTIONS REPORT COVER PAGE Entity Name: Redevelopment Agency of the City of Huntington Beach Fiscal Year 2004 ID Number. 13983037600 ubmitted Acting Deputy Executive Director, edevelo ment Agency ignature11lie Robert F.Beardsley July 14,2005 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 fomvs 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 Redevela Itient A enc .C)f Ttie Clt .Yfl txntlr��ton Beach k a a � b � t ,.. �... . � k OFF � .. Redeye ailment gencles�Flnanc al Trar sac#Ions..,,u w General Information Fiscal Year 2005 Members of the Governing Body Agency.Officals Middle's Last Name First Name Middle phone Initial Last Name First Name Initial Chairperson IHardy Jill Executive Director. Culbreth-Graft Penny ,i n (714)536-5575 Member ICoerper I Gil a Fiscal Officer` �Villella Dan a I(714)536-5225 Member Bohr Keith Secretary ' Flynn Joan (714)536-5404 Member Cook Debbie Report Prepared By Independent Auditor Member, IGreen Cathy Firm Name, Caporicci&Larson Member IHansen IDon Last Reveles Caporicci Member ISullivan Dave First Hank IGary Member 0 Middle Initial'.; Member Street 2000 Main Street 3184-D Airway Avenue Member City Huntington Beach Costa Mesa Mailing Address State CA CA Zip Code 92648- 192626- Street 1 2000 Main Street Phone (714)374-1564 (877)862-2200 Street 2 city Huntington Beach State CA Zip Phone Is Is Address Changed? General Information'. Page 1 7112105 . n / k e d f J Re 01-0 me t o enc �Of The Ct#�( Hu I n aCli f rZEN Redevelo�met�i#Agencies Flna�cwlal�' a�nsact�Ons Re �� � Achievement Information(Unaudited) Fiscal Year 2005 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.) �I Commercial Buildings71 ���� The Redevelopment Agency of the City of Huntington Beach continued to Industrial Buildings implement its redevelopment projects,particularly in the area of ; Public Buildings commercial/retail/hotel development and housing. On November 15,2004,the Redevelopment Agency approved it Five Year Implementation Plan 2005-2009 for Other Buildings the Huntington Beach Project and approved its Ten Year Housing Compliance Plan 2005-2014. Total Square Footage 0 01 Enter the Number of Jobs Created The projects listed here are more fully described in the respective project activity 1from the Activities of the Agency reports. Types Completed JACDE HUNTINGTON BEACH REDEVELOPMENT PROJECT: 1. The Hyatt Regency Huntington Beach Resort&Spa A=Utilities B=Recreation C=Landscaping D=Sewer/Storm E=Streets/Roads 2. Waterfront Residential F=Bus/Transit 3. The Strand(Blocks 104-105) 4. Huntington Center Renovation-Bella Terra 5. Sale of 214 Fifth Street 6. Edinger Corridor Specific Plan and Economic Development Action Plan 7. Auto Dealers Electronic Readerboard SOUTHEAST COASTAL REDEVELOPMENT PROJECT: 1. Undergrounding of Utilities 2. Huntington Beach Wetlands Conservancy Grant AFFORDABLE HOUSING PR03ECTS: "Achievement Information(Unaudit6d), :Page 1 7f12/05 " �Redevlc�pientgesr?cy( h�eCttCf 1-lulnt�ngtfln Bealch �Redev toprnent AgancIes FllnancIal T ti#O!! a onsIRep-ir 3 r Achievement Information(Unaudited) 1. Hermosa Vista 2. Habitat of Humanity 3. Collete's Children's Home#1 4 Collete's Children's Home#2 5 Studios at Center Achievement"Information(Unaudited)„ 7112/05 � � � , ��f, Re�deuelapmen�Agency 4�The C>t��� fsHuhtin�gton Beai.��t` ,�_ y �� z a �� � Retleuelopment��Agencies ��nanc>lat'TI-ansactid s Rep+ort a ��.,; � Audit Information# Fiscal Year 2005' Was the Report Prepared from Audited Financial Data, Yes If compliance opinion includes exceptions, 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 Unqualified If Compliance Audit is not yet Completed,What is the Expected Completion Date? Audit Information Page 1 7/12/05 �. R�development�Agen�y '?fT� City Q,�� Iunting�onB�ach f yRedeuelopment Agencies F�nanciat Tr sacorts Re ort ,,. , ,.,.,., ✓Ff.. .'.,, ., i. .,'.A�, Project Area Report Fiscal Year 2005 ` Project Area Name Consolidated Low and Moderate Income Housing Funds 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 L Aovi„ Dort , P=Standard Project Area Report A=Administrative Fund 1. Hermosa Vista Apartments: The L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program Redevelopment Agency entered into 0=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area an Owner Participation Agreement Does the Plan Include Tax Increment Provisions? with KDF Communities,LLC in 2003- .l 2004 for the acquisition and s Date Project Area was Established (MM-DD-YY) rehabilitation of the 88 unit Hermosa Most Recent Date Project Area was Amended Vista Apartments located at the northwest comer of McFadden Did this Amendment Add New Territory? Avenue and Goldenwest Street. By Most Recent Date Project Area was Merged leveraging a$3.325 loan of Agency Set Aside funds combined with Will this Project Area be Carried Forward to Next Year? Yes federal HOME program funds,$6.7 multifamily housing revenue bond Established Time Limit: financing,and$1.65 million in tax Repayment of Indebtedness (Year Only) credit financing,all 88 units will be affordable for very low-income and Effectiveness of Plan (Year Only) low-income residents for 60 years. New Indebtedness (Year Only) The renovation project was competed on December 31,2004. Size of Project Area in Acres Percentage of Land Vacant at the Inception of the Project Area 2. Habitat for Humanity(Delaware Health and Safety Code Section 33320.1 (xx.x%) site): On November 17,2003,the Redevelopment Agency approved the Percentage of Land Developed at the Inception of the Project Area purchase of a City owned vacant Health and Safety Code Section 33320.1 (xx.x%) parcel at 2502 Delaware for $153,000 using HOME funds for a Objectives of the Project Area as Set Forth in the Project Area Plan future Habitat for Humanity project. (Enter the Appropriate Code(s)in Sequence as Shown) The parcel(APN„025-111-40��s _µ __ R=Residential I=Industrial C=Commercial P=Public 0=Other Project Area Report Page 1 7/1'2/05 . _,......�. .... � 61 eve,lo m n ,Agency�f~Th yC�#Y C1# Huntington Beach r �3 ��� �tedevelapmen#,Agencies �� anClia�Transa��ia� s i�ep�l� � yy h�� �;� �� Project Area Report Fiscal Year 2005 ' Project Area Name Hunting#on Beach Redevelopment Project Area No. 1 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 P=Standard Project Area Report A=Administrative Fund �._..W......._- - L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program I.The Hyatt Regency Huntington Beach Resort and Spa: The 517- O=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area room Hyatt Regency Huntington I Does the Plan Include Tax Increment Provisions? _Yes Beach Resort&Spa and its Conference Center opened for Date Project Area was Established (MM-DD-YY) 12/16/82 business on January 19,2003. Due Most Recent Date Project Area was Amended 8/5/02 to the success of the project,during 2003-2004 the Redevelopment Did this Amendment Add New Territory? No Agency was able to make$1,740,953 in payments towards its Most Recent Date Project Area was Merged Developer's Advance Loan balance. 1 Will this Project Area be Carried Forward to Next Year? Yes 2.Waterfront Residential: Located Established Time Limit: directly behind the Hyatt Regency Repayment of Indebtedness (Year Only) 2034 Huntington Beach Resort and Spa, the early phases of the construction Effectiveness of Plan (Year Only) 2024 of 184 market rate residential units New Indebtedness (Year Only) 2024 was near completion by September 2004. William Lyon Homes is Size of Project Area in Acres 619 building 78 paseo homes,and Percentage of Land Vacant at the Inception of the Project Area 5.0 Christopher Homes is building 106 Health and Safety Code Section 33320.1 (xx.x%) courtyard homes. As Christopher i Homes reached its threshold of Percentage of Land Developed at the Inception of the Project Area 95.0 $31,200,000 in sales and escrows Health and Safety Code Section 33320.1 (xx.x%) closed in August 2004,the I Redevelopment Agency began i Objectives of the Project Area as Set Forth in the Project Area Plan RCPO receiving its Participation Payments. (Enter the Appropriate Code(s)in Sequence as Shown) It is anticipated that William Lyon_,_.____,,,; R=Residential I=Industrial C=Commercial P=Public O=Other Project Area Report " Page 2', `_ ' 7/1,'/05 01 b y �ZedeueopmentrA e,r1 ,O,faTe l#y©f:Hun#trtgtQ. Beach x .0 � .. .x. ,. �.' . 9. Y. ��<��� � x � Redevelopment A enctes Inan�tal�y ransact�o: epo x �� :� Project Area Report Fiscal Year 2005 Project Area Name Southeast Coastal Redevelopment Project 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 te !ta; P=Standard Project Area Report A=Administrative Fund 1.Utility Undergrounding: Southern L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program California Edison is taking the lead in 1 O=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area doing the design work for under Does the Plan Include Tax Increment Provisions? [--Yes] grounding the Edison utilities along PCH and is working with City staff, Date Project Area was Established (MM-DD-YY) 6/17/02 CalTrans,and the California State Most Recent Date Project Area was Amended Beaches Department. Did this Amendment Add New Territory? 2. Huntington Beach Wetlands Most Recent Date Project Area was Merged Conservancy Grant: The Huntington Beach Wetland Conservancy worked Will this Project Area be Carried Forward to Next Year? Yes towards obtaining its entitlements on the Wildlife Care Center to be Established Time Limit: located within the project area. A Repayment of Indebtedness (Year Only) 2047 grant agreement for$270,000 was prepared. The construction of the Effectiveness of Plan (Year Only) 2032 block wall and associated New Indebtedness (Year Only) 2022 landscaping should be completed during FY 2004-2005. Size of Project Area in Acres 172 Percentage of Land Vacant at the Inception of the Project Area 14.4 Health and Safety Code Section 33320.1 (xx.x%) Percentage of Land Developed at the Inception of the Project Area 85.6 Health and Safety Code Section 33320.1 (xx.x%) Objectives of the Project Area as Set Forth in the Project Area Plan PO (Enter the Appropriate Code(s)in Sequence as Shown) R=Residential I=Industrial C=Commercial P=Public O=Other Project,Area Report Page 3-1 7/12/051 edeveloprne,�,�,t, Agency Of�`i�ie�Y,a#l�ut�#Ingtu��e�ch,,. ��,< � redevelopm'^�s\ent ncles Ftnan I, --ransac#� ns Repb \ Assessed Valuation Data Fiscal Year 2005 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Frozen Base Assessed Valuation TOO] Increment Assessed Valuation 881 523,076 Total Assessed Valuation 1,040,443,586 Assessed Valuation Data::;, ': Page, MOM"_ MOB , x ..' d M` 3 Redevelopmett,Agencyf T e City Qf Htnin, tr B achy y rRe v �ons �pbx elopme!A gen� Rd rt Assessed Valuation Data Fiscal Year 2005 Project Area Name Southeast Coastal Redevelopment Project Frozen Base Assessed Valuation 103,733,755 Increment Assessed Valuation 158 472 861 Total Assessed Valuation 262,206,616 ,Assessed Valuation Data Page 7/12/05, , „ Redeuelo ment enc °�f Th'e Clt Cif ltantIn tOn-,Beach z pq9 YsL � V 3 5 Redevel©pment Agencies tnanclal Transactions Obit f Pass-Through/School District Assistance Fiscal Year 12005 Project Area Name Southeast Coastal Redevelopment Project Tax Increment Pass Through Detail Other Payments Amounts Paid To Taxing H&S Code H&S Code H&S Code Total H&S Code H&S Code Agencies Pursuant To: Section 33401 Section 33676 Section 33607 Section 33445 Section 33445.5 County 14,621 $14 621 •,3;. Cities School Districts 60,747 $60,747 Community College District 12,735 $12,735 Special Districts 5,688 $5,688 Total Paid to Taxing _,,,... K07....... . 7, ..__.$115 943 $0 $115 943 $0 $0 Agencies _..,...., Net Amount to Agency Gross Tax Increments Generated Pass-Through[School District Assistance Page 2 7112/05 . Redeueloprr et�t A" 94 „Of,h Clty�Df Hint ngtvn Beach.... `` .... ... , ..� Y Redevelopment,At�encfes Fnanc�at ransactlonsepo y � ` _ ,, ', 6,. y vim,. . ... Summary of the Statement of Indebtedness-Project Area Fiscal Year 2005 Project Area Nameons¢tdated L` andtio Bate tncc�me Flo �1113funds ����� 3r3��,,r ,'�� PCs= 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 177,7777, $0 Summary of the Statement of Indebtedness-Project Area Paget 7137J05 ,,%' J,J Redeveloj r ent Agency Df.The City Of Hunting#on•"Beach l`„•� Redevelopm n#Agencies Flnancla! Tra sactilons Repor#a r Summary of the Statement of Indebtedness-Project Area Fiscal Year 2005 Project Area Name ngtoh Rec lojrnent I?t } Tax Allocation Bond Debt 44,403,166 Revenue Bonds Other Long Term Debt 11,734,177 City/County Debt 94,323,483 Low and Moderate Income Housing Fund 42,445,155 Other 1 9,226,445 Total $202 132 426 Available Revenues 2,091,199 Net Tax Increment Requirements 17797 227 Summary of the Statement of Indebtedness-Project Area Page 2 7/12/05 41 .Rde�relopment,Agenyf.'The City©fHuntlnzi,Beach .. ,.,` x Rede�elQpment Agencies In nc it,, ransa trIF- ©ns sport , a Summary of the Statement of Indebtedness-Project Area Fiscal Year 2005 Project Area Name Southeast aat deli ib tee Tax Allocation Bond Debt Revenue Bonds Other Long Term Debt City/County Debt 7,227,435 Low and Moderate Income Housing Fund 1,641,111 Other Total $8 868,546 Available Revenues 463,046 Net Tax Increment Requirements $8 405,550 p Summary of the Statement of Indebtedness-Project Area Page 3 7/1'2/05 MP Redeveopme�nt Agency fl�he Cl�ty Q Hun#I tan Beach y ..... w . _....ate, .. ..,. /� edeUeO[�aen#AgencleInka� 1�nS�+ flt3nE .,,.1 a., Agency Long-Term Debt Fiscal Year 2005 Project Area Name Huntin ton Beach Redevelopment Project Area No. 1 —� Forward from Prior Year Yes � ,. Bond Type City/County Debt Year of Authorization 1982 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 $94 231 338 Adjustment Made During Year 3,305,773 Adjustment Explanation IDebt forgiven Interest Added to Principal 2,345,934 Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 3,986,541 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $89 284 958 ej 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 Agency Long-Term Debt 'Pagel 7/12/05 y_ ; _ .. 1�yi �Y���* s 3 tad ar�� a - �x /f i lZe+develc►prt�rt of Agency Qf The #y Of Hun#I g#on Beach . ..,.,. ,a uv..,..a,.✓/✓..,..wF .✓.. ,.,5y ., . .a�.a..,,,F a,.a.,« «._u„x„ ,,, ,u. ,.,.,%��.. „a" ;-. .;���.�,:` s .,ri ,.�,«.x.-,.: ,,,� .,., ,�->,,,�. _ ,...., ,al Redeveloment Agncres FlnarcaTra sac#inns Repor �y .... . . .. ... x.. .... ,. .,. . Agency Long-Term Debt Fiscal Year 12005 Project Area Name Huntin ton Beach Redevelopment Project Area No. 1 Forward from Prior Year es„ F;' Bond Type Deferred Compensation Year of Authorization 2003 Principal Amount Authorized 143,000 Principal Amount Issued 143,000 Purpose of Issue Compensated Absences Maturity Date Beginning Year 2003 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year $79 000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year 64,000 Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year ! $143 000 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 Agency Long Term Debt',:'' Page 2 7/12/05 Redevelopment Agency C)f The��lty Of dun#�ngton Be��h � z� ...,,.a ',,.,,.,,,�: .v„.��.,.�,: �..,,.,.,..,, �.....iir<... <: .v..a.z,.., ., e,..,, ..<,,,_��, .,.k. ..,.ui<. ,m� ✓d6i ,...: <,,,,�.,;:.,,, r<.!.,.. ....,_ ,rv,�,,.,., .,,,� .. ....�.;� a'aa� .,sue: Agency Long-Term Debt Fiscal Year 2005 Project Area Name [Huntinciton Beach Redevelopment Project Area No. 1 Forward from Prior Years Bond Type Other Year of Authorization 1982 Principal Amount Authorized 35,000,000 Principal Amount Issued 35,000,900 Purpose of Issue Other Maturity Date Beginning Year 2034 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year $12 232 978 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year 736,325 Principal Amount Matured During Fiscal Year 1,740,954 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $11 228 349 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 Agency Long-Term Debt Page,3 7l12/Q5 "Apedeveloprnent Agency t?f fi tty CJf�unttngtonW211 Beach x ' edeue m}enAencle ke FnIncaJ nsacllans' I a Agency Long-Term Debt Fiscal Year 12005 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Forward from Prior Year Bond Type Tax Allocation Bonds Year of Authorization 1999 Principal Amount Authorized 10,835,000 Principal Amount Issued 1 10,835,900 Purpose of Issue Refinance 1992 Loan Maturity Date Beginning Year 1999 Maturity Date Ending Year 2025 Principal Amount Unmatured Beginning of Fiscal Year 1'777777F000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 320,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $8 840 000 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 Agency Lotfg-Term:bebt ' Page 4 �:�� ' � � ' 7/12/05 O RedeveMopme trAgepcy©f The,"ity Of 0 tln�t eacf f 12 Agency Long-Term Debt Fiscal Year 2005 Project Area Name Huntin ton Beach Redevelopment Project Area No. 1 Forward from Prior Year Bond Type ITax Allocation Bonds Year of Authorization 2002 Principal Amount Authorized 20,900,000 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 $20 215,000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 750,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $19 465 000 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 Agency LQr>g-Term Debt,:"",, Page 5- 7/12105 3' ut Redevelopment Agef�cOf The Glty{ f Iunf�ngto �eac0 `` i ` f�.,..,. ,� .....��.¢s, .,,< aaru ,v, ;. .,�as...,..z ._..ea�i ,: t'` .. „ ,..,� �r` .,,,3• ...3 �' f \r �. 9ia na i fir. A Redeve! „pment , enc✓les Fi••• nc>!al Tr�ilsac >Ions Report '%' . .. .:�` .......... Agency Long-Term Debt Fiscal Year 2005 Project Area Name Huntin ton Beach Redevelopment Project Area No. 1 Forward from Prior Year a Bond Type US Year of Authorization 2000 Principal Amount Authorized 6,000,000 Principal Amount Issued 6,000,000 Purpose of Issue New loan Maturity Date Beginning Year 2000 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year $5 340,000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 195,000 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $5 145 000 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 Agency Long-Term Debt, Page 6 7/12/05 Redevelopment AgencjrOf The Clt�flf HiarttingtQn�ac�h Redevel rr�entAgncae �nanat Trns ct�ca R ort Non-Agency Long-Term Debt Fiscal Year 12005 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Forward from Prior Year Y5 a u Bond Type Mortgage Revenue Bonds Year of Authorization 1996I Principal Amount Authorized 16,000,000] Principal Amount Issued 16,000,000 Purpose of Issue Huntington Breakers Maturity Date Beginning Year 1996 Maturity Date Ending Year 2026 Principal Amount Unmatured Beginning of Fiscal Year 16 000 000 Adjustment Made During Year Adjustment Explanation Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $16,000,000 Principal Amount in Default Interest in Default Bond Types Allowed: Mortgage Revenue;Industrial Development;Commercial Revenue Bond;Certificate of Participation Non-Agency.l-ong-Term'Debt Page 2 .7/12/05 st �Y Bede elopr�Ie A A"envy+�f�[`h �CIfy Hun#Ingt�o Be21c . . � , .... ... � ate. y�. !�„ c L y�`� N*'v Redelopmen Agencles�Inancla(71ransactlons Repo, Statement of Income and Expenditures-Revenues/ Fiscal Year 2005 Project Area Name Iconsolidated 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 x s �; F; $0 (Include All Apportionments) Special Supplemental Subvention $0 Property Assessments 177777719,7 Sales and Use Tax Transient Occupancy Tax Interest Income 130,775 $130,775 f Rental Income $0 Lease Income $0 Sale of Real Estate $0 Gain on Land Held for Resale $0 Federal Grants $0 Grants from Other Agencies Bond Administrative Fees $0... Other Revenues 181,611 $181,611 Total Revenues $0 $0 $312 386 $0 $312 386 Statement of Income and:Expenditures-Revenues Page 1 7/12/06 RedevelapmentAgef 1 MerCtty Of Hu'tmgtQn Bed h %� ` � edeye(opment,Agencies �lin�lnc�al�°�r�nsac#ices e� � � A � s , ; Statement of lncome and Expenditures-Revenues Fiscal Year 2005 ..... Project 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 8,935,139 y 3 , ; , $8 935 139 (Include All Apportionments) Special Supplemental Subvention $0 - Property Assessments $0 Sales and Use Tax $0 Transient Occupancy Tax 1,208,493 $1 208,493 Interest Income 195,8531 43,148 $239,001 Rental Income $0 Lease Income 303,636 T $303,636 Sale of Real Estate 661,2831 $661,283 Gain on Land Held for Resale $0 Federal Grants $0 Grants from Other Agencies $0 Bond Administrative Fees $0 Other Revenues 694,7841 $694,784 Total Revenues $3 064 049 $8 978 287 $0 $0 $12,042, 336 .�..��,,,,.._,. 7, ..,....,. ...,..1 - Statement of Income and Expenditures-Revenues Page 2 7/12/05 ,rRedevetopment Agency 3f T e ,sty Of,Hntingto each y f2edevetopmeri�t Agonll��s Fin clai'Trans�lc � s Reps .. '_.. fir,,,, .�,... y i/ .... ,i. �., ma... „".: ,.,c,.a 0 Statement of Income and Expenditures -Revenues Fiscal Year 2005 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 611,040 $611,040 (Include All Apportionments) Special Supplemental Subvention $0 ` Property Assessments $0 Sales and Use Tax $0 y Transient Occupancy Tax $0 Interest Income 6,772 $6,772 Rental Income $0 Lease Income $0 Sale of Real Estate $0 Gain on Land Held for Resale Federal Grants $0 Grants from Other Agencies $0 Bond Administrative Fees Other Revenues $0 , Total Revenues 17'7,7777-7 $0 $617,812 $0 $0 $617,812 Statement of Income and,Expenditures=Revenues Page 3 7/12/05 ate' -17 RedeuelopmentyP►gency0 The City Of Hun#�ngton Beach u Y i c�aa E .�. - z a y G Recieuelopment' gencles�f nanclal Transacpons Statement of Income and Expenditures Expenditures Fiscal Year 12005 Project Area Name JConsolidated Low and Moderate Income Housing Funds Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 86,148 $86,148 Professional Services $0 a Planning,Survey,and Design Real Estate Purchases 3,0001 $153 000 Acquisition Expense $0 Operation of Acquired Property $0 Relocation Costs $0 Relocation Payments $0 Site Clearance Costs $0 Project Improvement/Construction Costs 4,223,400 $4,223,400 Disposal Costs $0 Loss on Disposition of Land Held for $0 Resales Statement of,income,and Expenditures-Expenditures _ Pagel":, 7/12/05 . . . ede elopmengencies , #nanctatran ac#�oans epo _ 9a, .. """001 Statement of Income and Expenditures-Expenditures Fiscal Year 12005 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 Rehabilitation Costs $0 Rehabilitation Grants 1 $0 Interest Expense =$p Fixed Asset Acquisitions �— r _ $0 Subsidies to Low and Moderate Income $0 Housing Debt Issuance Costs Other Expenditures Including Pass- 23,278 $23,278 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 $0 All Other Long-Term Debt _ _ $0 Total Expenditures 7 7 $0 $0 $4 485,826 $0177 $4 485 826 Excess(Deficiency)Revenues over 1777, $0 $0 1$4 173 440) , .. 7,7 $0 74 173 440) (under)Expenditures __._..... Statement of income and Expehdituies Expenditures Page 2 - 7/12/05 Redevelopment A�eBcy Of Che t#""Of Huntington 8Ix ea�l� Redevelopment Agencies F�nanclalransactlons Report �� F. ....., ._.. �...'.'..� _ ��,i ?rah`:..... - A , �.... ._. Statement of Income and Expenditures-Expenditures Fiscal Year 2005 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 428,072 $428,072 Professional Services 105,827 $105,827 Planning,Survey,and Design Real Estate Purchases $0 Acquisition Expense $0 Operation of Acquired Property $0 Relocation Costs $0 Relocation Payments $0 Site Clearance Costs $0 Project Improvement/Construction Costs 8,759,180 $8,759,180 Disposal Costs $0 Loss on Disposition of Land Held for $0 i Resale Statement of Income acid Expenditures'-Expenditures Page 3 7112Z05 It geenncles Ft�hanCct y�©7rf�` satciQtnitnsq\gonBeac � pRedey' W Statement of Income and Expenditures-Expenditures ' Fiscal Year 2005 Project Area Name Huntington 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 $0 Rehabilitation Grants $0 Interest Expense 1,988,858 $1,988,858 ?. Fixed Asset Acquisitions I $0 Subsidies to Low and Moderate Income $0 Housing Debt Issuance Costs $0 Other Expenditures Including Pass- 2,640,3381 $2 640 338 Through Payment(s) Debt Principal Payments: Tax Allocation Bonds and Notes 1,070,000 $1,070,000 Revenue Bonds,Certificates of $0 Participation,Financing Authority Bonds City/County Advances and Loans 3,986,541 $3,986,541 All Other Long-Term Debt 1,935,954 $1,935,954 Total Expenditures $9 293 079 $11 621 691 $0 '777 $0 $20 914 770 Excess(Deficiency)Revenues over ($6 229 030 $2 643 404 $0 $0 $8 872 434 (under)Expenditures Statement of Income,and Expenditures`-Expenditures Page 4 7/12/05 RAwelopmeni"Agency(t}#'he City O#Hun ang#on Redevelop en# eneS Flt�anClrans�C#�Onse O' \7T1 3 Statement of Income and Expenditures:-Expenditures Fiscal Year 2005 Project Area Name Southeast Coastal Redevelopment Project Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 69,285 $69,285 Professional Services $0 Planning,Survey,and Design $p Real Estate Purchases $0 Acquisition Expense $0 Operation of Acquired Property $0 Relocation Costs $0 Relocation Payments $0 i Site Clearance Costs $0 Project Improvement/Construction Costs $0 Disposal Costs $0 Loss on Disposition of Land Held for $0 Resale Statement of Income and Expenditures=Expenditures Page a�. 7/12/06 � b Redevaiopment Agency©f The Clty Of Huntington Beacham a g a .'.� E Redevelo mew;Agencies F�nlancI �ransact�ons cpQ �, Statement of Income and Expenditures-Expenditures' Fiscal Year 2005 Project Area Name Southeast 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 $0 Rehabilitation Grants $0 Interest Expense $0 Fixed Asset Acquisitions Subsidies to Low and Moderate Income $0 ; Housing Debt Issuance Costs $0 Other Expenditures Including Pass- 113,943 $113,943 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 $0 ; All Other Long-Term Debt $0 Total Expenditures $69,285 $11743 $0 717 $183,228 (Deficiency) 4$69 285) $503 869 $0 $0 $434 584 Excess Deficient Revenues over _.......... y (under)Expenditures Statemenfof'Income and Expenditures'-Expenditures Rage 6 7/12/05 Redevelopment envy TheCly�fCtntltlL�>O ., �� ��� _..�a:.�, k�, �. �.r _ .�,. . fi RedeuefiaPPment Agencies �ananclal Trans etranszRepart .»„r,....a. a�.._�.,� .� u.,�.M.:;: , Statement of Income and Expenditures-Other Financing Sources Fiscal Year 2005 Project Area Name lConsolidated Low and Moderate Income Housing Funds Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Proceeds of Long-Term Debt $0 Proceeds of Refunding Bonds $0 Payment to Refunded Bond Escrow Agent $0 Advances from City/County $0 Sale of Fixed Assets $0 Miscellaneous Financing Sources(Uses) $0 Operating Transfers In $0 Tax Increment Transfers In 1,909,236 $1 909 236 Operating Transfers Out $0 Tax Increment Transfers Out $0 (To the Low and Moderate Income Housing Fund) Total Other Financing Sources(Uses) $0 $0 $1 909 236 $0 $1 909,236 Statement of Income and Expenditures-Other Financing Sources Page 1 7/12/05 " # . evelopment Agency t f The I W'14un i gto�n Beach � q y , F010, MEW edevelo ment'A genic es financial ansad ons a arty RN Statement of Income and Expenditures'-Other Financing Sources Fiscal Year 2005 Project Area Name Iconsolidated Low and Moderate Income Housing Funds Capital Project Debt Service LowlModerate Special Funds Funds Income Housing Revenue/Other Total Excess(Deficiency)of Revenues and $0 $0 ($2 264 204 $0 $2 264 204 Other Financing Sources over Expenditures and Other Financing Uses Equity,Beginning of Period $0 $0 $8 633 845 $0 $8 633,845 Prior Period Adjustments $0 Residual Equity Transfers $0 Other(Specify) A B C D E Refresh Total Other Total Equity,End of Period $0 $0 $6,369,641 $0 $6,3671 Statement of income and Expenditures-Other Financing Sources Page 2 7T12/05 Redevel pmeent Agency O#The ity C�f�l-iuht ng�tor� Beac ` y f�edeveloprnent Age icier Financial Iran$"` tlolis Report i r Y, ., . ,;. .. , ..... .. .Yew. k. ;. y.. �... . ... .. ::.... ... ...,. Statement of Income and Expenditures Other'Financing Sources Fiscal Year 12005 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Proceeds of Long-Term Debt 1 736,325 $736 325 Proceeds of Refunding Bonds $0 Payment to Refunded Bond Escrow Agent Advances from City/County 2,345,934 �— $2,345,934 Sale of Fixed Assets $0 Miscellaneous Financing Sources(Uses) 1 -1,642,694 ($1,642,694) Operating Transfers In 1,500,000 $1,500,000 Tax Increment Transfers In $0.... Operating Transfers Out 1,500,000 $1,500,000 Tax Increment Transfers Out 1,787,028 $1,787 028 " (To the Low and Moderate Income Housing Fund) Total Other Financing Sources(Uses) ($763,675) $416,212 $0 $0 ($347 463) Statement of Income and Expenditures-Other Financing Sources" Page 3 7/12/05 '� s Recleve�opment A encOf TheClt W4f a #it 'yt+>sn Beach, s 511 x. .... Redevelop ent Agencl sFinanciat� rsa ions y xeport � \s IT Statement of Income and:Expenditures Other Financing Sources Fiscal Year 12005 Project Area Name Huntin ton Beach Redevelo ment Project Area No. 1 Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Excess(Deficiency)of Revenues and 5$6 992 705)„ mS$2 227 192) ,......__$0 17777777771719 219 897)N Other Financing Sources over Expenditures and Other Financing Uses Equity,Beginning of Period $16 608,651 $73 000 $0 $0 $16 681 651 Prior Period Adjustments $0 Residual Equity Transfers $0 Other(Specify) A B C D E �efresh'; Total Other Total Equity,End of Period $9 615 946 ($2 154 192) $0 $0 $7 461 754 Statement of Income and Expehditurdt-Other Financing Sources Page 4. 7/12/05 � Resd�velop en enc�Of`Thew#y Of`Hui#tngton Beach- � � �� x Redevelop�nen# enctes FlnanctaTra�actlon deport` , Statement of Income and Expenditures Other'Financing Sources Fiscal Year 2005 Project Area Name Southeast Coastal Redevelopment Project Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Proceeds of Long-Term Debt 11777= $0 Proceeds of Refunding Bonds $0 _ Payment to Refunded Bond Escrow Agent $0 Advances from City/County $0 Sale of Fixed Assets $0 Miscellaneous Financing Sources(Uses) $0 Operating Transfers In $0 Tax Increment Transfers In Operating Transfers Out $0 Tax Increment Transfers Out 122,208 1777 $122 208 (To the Low and Moderate Income Housing Fund) Total Other Financing Sources(Uses) $0.,. ..._. ($122 208) $�.,,. $0 ($122 208) Statement of Income and Expenditures-Other Financing Sources Page 5 7/12/05 t�edevetc�pmlent bgency Of The Clty Q Hlntingf� Beach � ' °..< i�\,..�,.� ... ,.�, ._ ,.ems .,.`.�.. - %a. ,..w... ,a✓s, -;,.E. ss.., f2�ed'e: relopmen � �.s .�a....0.;a".n...s. acfIons�Opp, �.. � .. ., �. Statement of Income and Expenditures Other'Financing Sources Fiscal Year 2005 Project Area Name Southeast Coastal Redevelopment Project Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Excess(Deficiency)of Revenues and 177777. $0 $312 376 Other Financing Sources over Expenditures and Other Financing Uses Equity,Beginning of Period $0 $0... $0 $0 $0 Prior Period Adjustments F $0 Residual Equity Transfers $0 Other(Specify) A B C D EReft Total Other Total Equity,End of Period ($69 285) $381 661 $0 $0 $312,376 Statement of Income and Expenditures=Other'Finanding Sources - Page 61 7/12/05 ,. �� a �� �� F2edeuelo ment A' ens _Of� a Cat ;v0f Hunk ton Beach�r "� 110 Balance Sheet Assets and Other Debits Low/Moderate Special Fiscal Year 2005 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Assets and Other Debits Cash and Imprest Cash 6,247,728 -3,058,854 4,136,486 ; F $7725 360 Cash with Fiscal Agent 1 2,464,064 t. Fryy $2 464 064 i Tax Increments Receivable 1 2,393,992 1m3 $2,393,992 Accounts Receivable 1,960,997 121,503 z ti $2,082,500 Accrued Interest Receivable 29,206 36,363 19,111 „•; $84,680 Loans Receivable Contracts Receivable Lease Payments Receivable Unearned Finance Charge Due from Capital Projects Fund Due from Debt Service Fund 2,093,927 z,. $2,093,927 Due from Low/Moderate Income Housing Fund Due from Special Revenue/Other Funds Balance.Sheet-Assets and Other Debits Page.1 7/12105 . x , �� �<�: � �,Y, RedeuelOpmen#Agency Of'T'he City,Ofi Hun#Ingfo Bead � , � G Rede I.o ml� A ence F[nan ialTran: c#iat� Re ya� ��� Balance Sheet Assets and Other Debits Low/Moderate Special Fiscal Year 2005 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Investments Other Assets z` y ,' $0 Investments:Land Held for 2,835 132 ._, ;� ' ��,� � ,� $2,835,132 Resale Allowance for Decline In Fy Value of Land Held for Resale Fixed Assets:Land, fir' 15,918,359 $15,918,359 Structures,and Improvements Equipment Amount Available In Debt $0 �.� Service Fund "' Amount to be Provided for ,;, 134,106,307 $134,106,307 Payment of Long-Term Debt Total Assets and Other $11 073 063 $1 835 565 $11 314 427 $0 $134 106 307 $15 918 359 $174 247 721 Debits �....__. .. . ... ..:.. ......... _... �......,_, (Must Equal Total Liabilities, Other Credits,and Equities) Balance Sheet=Assets and,Other Debits Page 2 7/12/05 y Recieveta rnent A enc Of The Clt ©f Hula n tan Beach 00 xxG�a« .. .-.v ,:zr,,., _.Fz1, « f ... ..,r, ,•;:� 1 ,.«. :a .... ,;w `� ..a s. �rT :' ,:,>,�i xcr .s. . ,��;r,�. i.. '...�. ;:.,✓,%..".,.. edevel pment Agencle >Ina c���a�;Transe Si,Fie"part, h y m,;,.Y �. , . u .. . ..,... Balance Sheet-'Liabilities and Other Credits Low/Moderate Special Fiscal Year 2005 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 13,402 1,386 ;, -:, „f, k; "'' $14,798 Interest Payable „, +� $0 ._ Tax Anticipation Notes Payable $0 Loans Payable 1,363,000 - Fes•,=„ $1,363 000 Other Liabilities 150,0001 1,514,1691 4,943,400 4 _ $6 607 569 Due to Capital Projects Fund ' Due to Debt Service Fund y ,; $0 Due to Low/Moderate 2,093,927 g a zai $2,093,927 Income Housing Fund Due to Special '- $0 Revenue/Other Funds Tax Allocation Bonds Payable „ ,•,; a;• 28,305,000 •, _, $28,305 000 i Lease Revenue,Certificates ,; No. $0 of Participation Payable, w Financing Authority Bonds All Other Long-Term Debt x.. " `''0 105,801,307 $105 801 307 Total Liabilities and Other $1,526 4021777 $3,608 096 $4 944 786 $0 $134 106 307 $144 185,591 Credits „,, ....... _..,. Balance Sheet-Liablities.and Other Credits Page 1 7/12/05 .. Redevlopmen�Agency f � Of�unflt� Beac J ` a a, ;;+ '"'>�, 9�'., ? max✓ ,r%, \. ;. " : � ..� x? v�., : y, ; ,.. Red Yeio ment Abe ties Frnn�lal''Transactiolns ?F SO Balance Sheet-Liabilities and Other Credits Low/Moderate Special Fiscal Year 2005 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Equities Investment In General Fixed ' �3r ,�" t t, ; ,5 ," 15,918,359 $15,918,359 Assets Fund Balance Reserved 9,546,661 -1,772,531 6,369,641 Fund Balance 1111 gK $0 11,11 Unreserved-Designated Fund Balance y;«. ;.. v £ a $0 Unreserved-Undesignated — - Total Equities $9,546 661 ($1 772 531) $6 369 641 $0 .,,, $15 918 359 $30 062 130 E Total Liabilities, Other Credits, and Equities ...___$11 073 063 _ $1 835 565_ $11 314,427 µ $0 $134,106 307 $15 918 359 $174247 721 � Balance Sheet-Liabilities and Other Credits, Page 2 7/12/05 etleve10, mer�i � en � lie G ty Of Hung{ n�+ tinh ' i <,: .,.... .�._. ...... %a y� edeve mentgenct� sn l a sacs ns Rec� ,. T519 Statement of Income and Expenditures- Summary,Combined Transfers in/Out Fiscal Year 2005 Operating Transfers In F$1 500,000 $1 909,236 Tax Increment Transfers In w Operating Transfers Out ____.$1,500� 99, 711 Tax Increment Transfers Out 177 $1 909 236 Statement,of Income and Expenditures- Summary, Page 1 1112/05 'Combined.Transfers 1n/Out Additional Reports for State Controller City of Huntington Beach RDA Fiscal Year Ended September 30, 2004 1) Blight progress report (specifies actions and expenditures made in the previous fiscal year to alleviate blight), Health & Safety Code §33080.1(d) a) During fiscal year 2003-04 some blighted conditions have been mitigated through the programs described in the Five Year Implementation Plan (1999-2004) on file with the State Controller. On November 15, 2004, the Agency approved the Five Year Implementation Plan (2005-2009) for the Huntington Beach Project and the Ten Year Housing Compliance Plan (2005-2014) that are submitted to the State Controller at this time. In particular, the CIM project continued with pre-construction activities; the Huntington Center Community Facilities District was formed to fund public improvements associated with the renovation of Huntington Center and the renovation of the center continued; and the Waterfront Residential project progressed with 78 homes being completed by Christopher Homes during 2004. Two Capital Improvement projects for the South East Coastal Redevelopment Area commenced. 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& Safe Code 03080.1(e). a) None 3) Property report (describes properties owned by the agency and those acquired in the previous fiscal year), Health and Safe1y Code 03080.1(fl. a) The City of Huntington Beach did not acquire any properties in the fiscal year ending September 30, 2004. The Agency transferred its parcels in Blocks 104-105 to CIM for the Strand Project in June 2004, sold its vacant parcel 214 Fifth Street during the year, and transferred the Shank House (Downtown Police Substation)to the City of Huntington Beach in February 2004, b Agency Owned Land as of September 30, 2004: Description Assessor's Parcel Number . Acres Cost Acquired Funding Source Cate o Bowen Court Senior Housing Project-Sixty-year ease with Merit Housing,commencing 6/11/2001. $1.00/ ear lease payment. AP 023-042-18,-19,-20-21,-22 0.751 885,000.0 9/30/1994 Housing Set-Aside Asset Surf Museum SEC 5th/Olive 024-147-01 0.116 286,300.0 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 0.017 259,000.0 10/1/1989 Tax Increment Asset Vacant Land,Formerly AP 165-364-05[7921 Cypress Walker and part of-07 AP 165-364-24 0.262 180,295.0 10/1/1989 Tax Increment Resale Waterfront Leasehold for 99 years. AP 024-251-01 &024-252-01,-02 22.08 14,023,000.0 7/1/1989 Tax Increment Asset Degraded Wetland Parcel Lot AA,Legal Description on file 1.007 no consideration 12/11/200 n/a Resale Vacant Land(NEC Parkside/Aldrich 142-081-06 0.413 664,582.0 9/1/1988 Tax Increment Resale Vacant Land(NEC Parkside/Aldrich 142-081-09,-10,-11,-12 1.023 753,180.0 9/1/1988 Tax Increment Resale othard/Hoover(Housing) 142-073-03 2.71 N 1,094,074.0 9/1/1987 Tax Increment Resale othard/Hoover Westminster Parcel 142-311-34 1.166 465,059.0 9/1/1987 Tax Increment Asset 502 Delaware Street 025-111-40 0.166 153,000.0 11/17/2003 Housing Set-Aside Resale Supplement to the Annual Report of Community Redevelopment Agencies For the Fiscal Year Ended September 30,2004 Redevelopment Agency ID Number: 13983037600 Name of Redevelopment Agency: Redevelopment Agency of the City of Huntington Beach The U.S. Bureau of the Census requests the following information about the fiscal activities of your government for the 2003-2004 fiscal year(defined from October 1,2003 through September 30, 2004). Governments furnishing this information will no longer receive Census Bureau Form F-32, Survey of Local Government Finances. If you have any questions please contact: U.S.Bureau of the Census Jeffrey Little 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. Z00 $334,236 B. Mortgage Revenue Bond Interest Payments Report your government's total amount of interest paid on mortgage revenue bonds during the year. U20 $0 U.S Bureau of the Census—Revised 05/2004 Housing Activity Report Attach ent No . 2 HCD REPORT OF REDEVELOPMENT AGENCY HOUSING ACTIVITY FOR FY ENDING: September/30/2004 Agency Name and Address: County of Jurisdiction: Rpdeyplopment Agency of the City of Huntington Reach Orange 2000 Main Strpp Huntington Reach, CA 42648 Health&Safety Code Section 33080.1 requires agencies to annually report on their Low&Moderate Income Housing Fund and housing activities for the Department of Housing and Community Development(HCD)to annually report on agencies'activities in accordance with Section 33080.6. Section 33080.3 specifies agencies must send this form, HCD Schedules and an Audit report to the State Controller Please answer each question below. Your answers determine which HCD SCHEDULES must be completed in order for the agency to fulfill the statutory requirement to report LMII1F housing activity and find balances for the reporting period. 1. 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 to dissolve itself). ONLY COMPLETE 1TEM 7 2. How many adopted project areas did the agency have during the reporting period? _2— How many project areas were merged during the reporting period? 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 project areas DO NOT complete SCHEDULE HCD-A 3. Within an area outside of any adopted redevelopment project area(s): (a)didthe agency destroy or remove any dwelling units or displace any households overthe 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. 4. Did the agency have any funds in the Low&Moderate Income Housing Fund 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 DI-D7 for each housing project completed and HCD SCHEDULE E. ❑ No. DO NOT complete HCD SCHEDULES Di-D7 or HCD SCHEDULE E. 6. Indicate whether HCD financial and housing activity information has been reported using method A and/or B checked below: ❑ A. Forms. All required HCD SCHEDULES A,B.C,DI-D7,and E are attached ® B. On-line(http://www.hcd.ca.govlydal)"Lock Report"date:July 14, 2005_ 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 a ove d(b)agency information reported are correct. July 14, 2005 N Date lure of Authorized Agency Representative Robert F Beardsley, Acting Deputy Executive Director Title Department of Economic Development(7 A 536-5224 Telephone Number IF NOT REQUIRED TO REPORT,SUBMIT ONLY THIS PAGE IFREOUMED TO REPORT,SUBMIT THIS PAGE AND: APPLICABLE HCD FORMS(SCHEDULES A E)and/or PROOF OF ELECTRONIC REPORTING SUBMIT THIS AND ALL OTHER FORMS WITHA COPY OF THE AUDIT REPORT TO THE STATE CONTROLLER: Division of Accounting and Reporting Local Government Reporting Section 3301 CStreet.Suite 500—Sacramento,CA 95916 Redevelopment Agency Annual Report-Fiscal Year 2003-2004 HCD-Cover Cover(7/1//04) Page 1 of I 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 RDA Agency Administrator: Carol Runzel Date: 07/14/2005 Time: 08.16 am 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. https:Hssw.hcd.ca.gov/asw/RDA/showLockLetter.jsp 7/14/2005 California Redevelopment Agencies-Fiscal Year 2004/2006 Project Area Contributions to Low and Moderate Income Housing Funds Sch A Project Area Summary Report HUNTINGTON BEACH RDA Tax Incr. Percent Total Project Area 100%of Tax 20%Set Aside Tax Increment Amount Deposited to of Tax Repayment Other Deposited to Increment Requirement Allocated Exempted Deferral Hsng Fund Incr Dep Deferrals Income Housing HUNTINGTON BEACH $8,935,139 $1,787,028 $1,787,028 $0 $0 $1,787,028 20.00% $0 $0 $1,787,028 REDEVELOPMENT PROJECT (MERGED) SOUTHEAST COASTAL $611,040 $122,208 $122,208 $0 $0 $122,208 20% $0 $0 $122,208 REDEVELOPMENT PROJECT Agency Totals: $9,546,179 $1,909,236 $1,909,236 $0 $0 $1,909,236 20.00% $0 $0 $1,909,236 Page 1 of 13 California Redevelopment Agencies-Fiscal Year 2004/2005 Project Area Contributions to Low and Moderate Income Housing Fund Sch A Project Area Financial Information Agency HUNTINGTON BEACH RDA Address 2000 Main Street,6th Floor Huntington Beach CA 92648 Project Area HUNTINGTON BEACH REDEVELOPMENT - - -- PROJECT(MERGED1 ........... Type: Inside Project Area Status: Active Plan lan Adoption: 1996 Plan Expiration Year: 2024 Gross Tax Calculated Amount Amount Amount Total % Cumulative Increment De osit Allocated Exempted Deferred Deposited Def. $8,936,139 $1,787,028 $1,787,028 $0 $0 $1,787,028 20.00% $0 Repayment $0 Category Total Additional Revenue $0 Total Housing Fund Deposits for Project Area $1,787,028 Project Area SOUTHEAST COASTAL REDEVELOPMENT 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. $611,040 $122,208 $122,208 $0 $0 $122,208 20% $0 Repayment $0 Category Total Additional Revenue $0 Total Housing Fund Deposits for Project Area $122,208 Agency Totals For All Project Areas: Gross Tax Calculated Amount Amount Amount Total % Cumulative Increment Deposit Allocated Exempted Deferred Deposited Def. $9,646,179 $1,909,236.8 $1,909,236 $0 $0 $1,909,236 20% $0 Total Additional Revenue from Project Areas: $0 Total Deferral Repayments: $0 Total Deposit to Housing Fund from Project Areas: $1,909,236 Page 2 of 13 California Redevelopment Agencies-Fiscal Year 2004/2006 Sch A/B Project Area Program Information HUNTINGTON BEACH RDA Project Area: OUTSIDE PROJECT AREA OWNER-OCCUPIED UNITS - - . -._.... - - - _.__. ............... Report Year Amount Very Low Low Moderate Total Sales: 2004/2005 $43,564 0 1 0 1 Page 3 of 13 California Redevelopment Agencies-Fiscal Year 2004/2005 Status of Low and Moderate Income Housing Funds Sch C Agency Financial Summary HUNTINGTON BEACH RDA 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 $6,010,792 $1,909,236 $313,886 $4,485,826 $3,748,088 $2,776,053 $6,524,141 $0 $3,748,088 $0 $3,748,088 Expenses Housing Housing Other Planning and Property Total Construction Rehabilitation Administration Acquisition Costs 2004/2005 $2,000,000 $2,223,400 $23,278 $86,148 $153,000 $4,486,826 "The Unencumbered Balance is equal to Net Resources Available minus Encumbrances Page 4 of 13 California Redevelopment Agencies- Fiscal Year 2004/2006 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH RDA Beginning Balance $6,010,792 Adjustment to Beginning Balance $0 Adjusted Beginning Balance $6,010,792 Total Tax Increment From PA(s) $1,909,236 Total Receipts from PA(s) $1,909,236 Other Revenues not reported on Schedule A $313,886 Sum of Beginning Balance and Revenues $8,233,914 Expenditure Item Subitem Amount Remark Housing Construction No Information Provided $2,000,000 Subtotal of Housing Construction $2,000,000 Housing Rehabilitation No Information Provided $2,223,400 Subtotal of Housing Rehabilitation $2,223,400 Other No Information Provided $23,278 County Collection Fee Subtotal of Other $23,278 Planning and Administration Costs dministration Costs $86,148 Subtotal of Planning and Administration Costs $86,148 Property Acquisition Land Purchases $153,000 Subtotal of Property Acquisition $153,000 Total Expenditures $4,485,826 Page 5 of 13 California Redevelopment Agencies- Fiscal Year 2004/2006 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH RDA Net Resources Available $3,748,088 Indebtedness For Setasides Deferred $0 Other Housing Fund Assets Category Amount Remark RAF Loans Receivable(all years) $731,426 Loan Receivable for Housing Activities $1,862,500 Other $29,127 Accounts Receivable Value of Land Purchased with Housing Funds $153,000 Total Other Housing Fund Assets $2,776,063 Total Fund Equity $6,624,141 2000/2001 $1108708 2001/2002 $1187414 sum of 4 Previous Years' Prior Year Ending Excess Surplus for 2002/2003 $1244613 Tax Increment for 2004/2006 Unencumbered Balance 2004/2006 2003/2004 $1819674 $6360409 $3,360,792 $0 Sum of Current and 3 Previous Years'Tax Increments $6,160,937 Adjusted Balance $3,748,088 Excess Surplus for next year $0 Net Resources Available $3,748,088 Unencumbered Designated $0 Unencumbered Undesignated $3,748,088 Total Encumbrances $0 Unencumbered Balance $3,748,088 Unencumbered Balance Adjusted for Debt Proceeds $0 Unencumbered Balance Adjusted for Land Sales $0 Excess Surplus Expenditure Plan Excess Surplus Plan Adoption Date Page 6 of 13 California Redevelopment Agencies- Fiscal Year 2004/2006 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH RDA Land Held for Future Development Site Name Num Of Zoning Purchase Estimated Acres Date Start Date Remark Gothard-Hoover 2.71 RL 09/01/1987 12/01/2005 Gothard-Hoover 1.16 IG 09/01/1987 12/01/2005 Westminster 2502 Delaware .16 RM 11/17/2003 10/01/2006 Page 7 of 13 California Redevelopment Agencies-Fiscal Year 2004/2006 Sch D General Project Information HUNTINGTON BEACH RDA Project Area Name: HUNTINGTON BEACH REDEVELOPMENT PROJECT(MERGED) Project Name: Various Non-Restricted Owner Development Address: Various Addresses,Huntington Beach Owner Name: Various Owners NON ASSISTED PROJECT UNITS -New Construction Unit Rehabilitation Unit Building Permit Number Building Permit Date 82 0 various BUILDING PERMITS FOR NEW CONSTRUCTION Units Completed in 2004 PERMIT ADDRESS UNITS B-084040 228 Sixth 1. B-088522 21245 Alanis 5 B-092187 21270 Baeza 4 B-092188 21271 Ronda 4 B-092189 21270 Ronda 4 B-092190 21271 Elda 4 B-094170 501 Pecan 1 B-094172 503 Pecan 1 B-094505 21246 Alanis 6 B-094506 21269 Baeza 6 B-094512 21270 Elda 4 B-094513 21271 Prado 4 B-095032 7838 Lorenzo 2 B-095678 21270 Prado 4 B-095679 21271 Lorca 4 B-095680 21270 Lorca 4 B-095963 21338 Cieza 6 B-095964 21355 Este pa 6 B-096901 21290 Balerma 4 B-096902 21338 Balerma 3 B-096904 21297 Alcazar 4 Page 8 of 13 California Redevelopment Agencies-Fiscal Year 2004/2006 Sch D General Project Information HUNTINGTON BEACH RDA Project Area Name: OUTSIDE PROJECT AREA Project Name: Collette Home 1 Address: 7702 Cypress Ave. Huntington Beach 92647 Owner Name: Colettes Childrens Home Crisis Shelters SPECIAL NEEDS UNITS Category Sub Category Count Special Need Unit Special Needs 4 Special Need Unit Transitional Housing 4 Special Need Unit Female Head Of Household 4 UNITINVENTORY - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Very Low Low Moderate Above Mod Became Total Ineligible Inclusionary Unit Substantial Rehabilitation Post 1993 Non-Agency Rental Non-Eldedy 4 0 0 0 0 4 Unit Total 4 0 0 0 0 4 PROJECT FUNDING SOURCE - - - - - - Funding Source Amount Redevelopment Funds $400,000 Owner Equity $395,000 Page 9 of 13 California Redevelopment Agencies-Fiscal Year 2004/2006 Sch D General Project Information HUNTINGTON BEACH RDA Project Area Name: OUTSIDE PROJECT AREA Project Name: Hermosa Vista Apartments Address: 15363&15426 Goldenwest Street,Huntington Beach 92647 Owner Name: KDF Communities,LLC UNITINVENTORY - - - - - - - - - - - - - - - - - - - - - - - - - - - Very Low Low Moderate Above Mod Became Total Ineligible Inclusionary Unit Other Non-Agency Rental Non-Elderly Double 26 62 0 0 0 88 Substantial Rehabilitation Post 1993 Non-Agency Rental Non-Elderly 26 62 0 0 0 88 Unit Total 52 124 0 0 0 176 PROJECT FUNDING SOURCE - - - - - - - - - - - - - - - - - - - -"- - Funding Source Amount Redevelopment Funds $2,223,400 Federal Funds $1,101,600 Private Funds $6,700,000 Owner Equity $1,023,900 TCAC/Federal Award $4,335,310 TCAC/State Award $3,486,900 Project Name: Main Place Apts Address: NW Main/GothardHuntington Beach 92648 Owner Name: Main Place Apartments,LLC NON ASSISTED PROJECT UNITS ...... _.._. ... .............. ........_ -New Construction Unit Rehabilitation Unit Building Permit Number Building Permit Date 26 0 CUP 01-04 01-JAN-04 Page 10 of 13 California Redevelopment Agencies-Fiscal Year 2004/2006 Sch D General Project Information HUNTINGTON BEACH RDA Project Area Name: OUTSIDE PROJECT AREA Project Name: The Fountains Senior Apartments Address: 7200 Fountain Glen Drive,Huntington Beach 92648 Owner Name: FountainGlen Properties SPECIAL NEEDS UNITS - Category Sub Category Count Special Need Unit Special Needs 80 Special Need Unit Elderly 80 UNIT INVENTORY - --- - - - - - Very Low Low Moderate Above Mod Became Total Ineligible Inclusionary Unit New Construction Non-Agency Rental Elderly 55 25 0 0 0 80 Other Non-Agency Rental Elderly Double 55 25 0 0 0 80 Unit Total 110 50 0 0 0 160 PROJECT FUNDING SOURCE - - - - - - - - - - - - - Funding Source Amount Redevelopment Funds $2,000,000 Private Funds $31,500,000 Page 11 of 13 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: 2004/2005 Agency: HUNTINGTON BEACH RDA Project Area: HUNTINGTON BEACH REDEVELOPMENT PROJECT(MERGED) Project: VARIOUS NON-RESTRICTED OWNER DEVELOPMENT 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 82 7. Substantially Rehabilitated Units 0 8. Subtotal- Baseline of Units(add lines 6 &7) 82 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 12 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units(line 9 x 40%) 5 PART III TOTALS 11. Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4 &9) I 12 12. Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5& 10) 5 California Redevelopment Agencies-Fiscal Year 2004/2005 Schedule E(11/01) *Totals may be impacted by rounding Page 12 of 13 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: 2004/2005 Agency: HUNTINGTON BEACH RDA 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 82 7. Substantially Rehabilitated Units 0 8. Subtotal- Baseline of Units(add lines 6 &7) 82 9. Subtotal of Inclusionary Obligation Accrued this year for Units(line 8 x 15%) 12 10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units (line 9 x 40%) 5 PART III TOTALS 11. Total Increase in Inclusionary Obligations During This Fiscal Year(add line 4&9) 12 12. Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year(add line 5 & 10) 5 California Redevelopment Agencies-Fiscal Year 2004/2005 Schedule E(11/01) 'Totals may be impacted by rounding Page 13 of 13 RCA ROUTING SWEET INITIATING DEPARTMENT: Economic Development SUBJECT: Receive and File: 2003-2004 State Controller's Report COUNCIL MEETING DATE: August 15, 2005 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Attached El Contract/Agreement (w/exhibits if applicable) Not Applicable ED (Signed in full by the City Attorne Attached El Subleases, Third Party Agreements, etc. Not Applicable (Approved as to form by City Attorney) El Certificates of Insurance (Approved b the City Attorne Attached AA Y Y Y� Not Applicable Attached Fiscal Impact Statement (Unbudget, over$5,000) Not Applicable Attached ❑ Bonds (If applicable) Not Applicable Staff Report If applicable) Attached ❑ p ( pp ) Not Applicable Commission, Board or Committee Report If applicable Attached P ( pp ) Not Applicable Attached Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDS Administrative Staff ( ) ( Assistant City Administrator (Initial) ( ) City Administrator (Initial) City Clerk ) EXPLANATION FOR RETURN OF ITEM: (Below •. For Only) RCA Author: T. King -8831