Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
STATE CONTROLLER REPORT FY 2005/2006 REGARDING REDEVELOPMENT
s Council/Agency Meeting Held: 7� O -7— Deferred/Continued to: )fAppr ve ❑ Co dition I Ap roved ❑ Denied City C r 's SW nature —T Council Meeting Date: 6/4/2007 Department ID Number: ED 07-16 CITY OF HUNTINGTON BEACH REQUEST FOR REDEVELOPMENT AGENCY ACTION I, SUBMITTED TO: HONORABLE CHAIRMAN AND REDEVELOPMENT AGENCY MEMBERS � 4 SUBMITTED BY: PE LOP- C ����ULBRETH-GRAFT, DPA, EXECUTIVE DIRECTOR PREPARED BY: STANLEY SMALEWITZ, DEPUTY EXECUTIVE DIRECTOR&�s,► SUBJECT: RECEIVE AND FILE: 2005-2006 STATE CONTROLLER REPORT 1Katem:e:nt:of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) 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 2005-2006 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 2005/2006. 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. Economic Development and Finance Department staff jointly prepared the report which must now be formally received by the Redevelopment Agency. REQUEST FOR REDEVELOPMENT AGENCY ACTION MEETING DATE: 6/4/2007 DEPARTMENT ID NUMBER: ED 07-16 Strategic Plan Goal: By making information available to the public regarding the Agency's activities and the progress of redevelopment and affordable housing projects, the Agency is helping to achieve the following strategic goal: "Increase community involvement, dialogue, and outreach by educating residents about opportunities for involvement such as how to donate to projects, volunteer, access information, and offer opinions through the website and other means." Environmental Status: Not applicable. Attachment(s): NumberCity Clerk's Page Description 1. 2005-2006 State Controller's Report (financial transactions and blight ro ress) 2. Housing Activity Report -2- 5/16/2007 2:33 PM ATTACHMENT # 1 REDEVELOPMENT AGENCIES FINANCIAL TRANSACTIONS REPORT COVER PAGE Entity Name: Redevelopment Agency Of The City of Huntington Beach Fiscal Year 2007 ID Number: 13983037600 Submitted y: Deputy Director of Redevelopment Agency Signature ` Title Stanley Smalewitz q"2,�.07 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 �rg � � ,:�•�„=;tea �/f�^x. �..�,; ,aFy�y t „�,,i�v r� i�;•^, ,i.Y � "PI K y F , OR F�nii "ren Repo General"Information `'` Fiscal Year 2007 € Members"of the Governing Body _- rAgenc) Officials :Middle Last'Name First Name Middle Phone m Imtia Chairperson Coerperme IlGllst Name Initial Executive Director Cuibreth-Graft - ; penny (714)536-5575 Member LrCarchio I ;Joe d iFisca►Officer iVillella (Dan 1(714)536 5225 - - Member Bohr ;Keith �! Secretary ', Flynn Joan (714)536 5404 _- Member Cook IDebbie 'CathyRe ort Pre ared:By._ dependent Auditor i Firm Name p. p ap - - - _ I_ _ - -- - I oried and Larson -- Member (Hansen ,Don - -.-.. -- -- - --- -- Last !Bulosan Caponcci Mambor hardy Jill L — — i — _ � , First �Dahle � i!Gary - -.. Member -- - Middle initial Member - - i Street 12000 Main Street I3184-D Airway Avenue - -. Member (Huntington Beach - - � Costa Mesa 1- m -I FMailing Address , State �CA ! MCA Zip Code 192648 192626 Street 1 12000 Mai Street Phone j(714)536 5648 1(877)862 2200 !! --- _.. i Street 2 City ;Huntington Beach 1 State CA Zip 192648- j Phone 0Changed?Is Address General Information Page 1 4/25l2007 ,. . + Ivsinnent, ncy.= ,F �tf Nuintlng !�-0�0ak „ .. �. ,ed�� p17► Alter es FinanC�al Trap actTM itap epa �s a \� Achievement`lnformation(Unaudited) Fiscal Year 2007 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 be building type and segregated by New Rehabilitated the basis for possible inclusion in the new or rehabilitated construction. p Construction publication.) ActiUity Report,"r Commercial Buildings 349,598 During this year the RDA continued to implement the projects that were described Industrial Buildings in the Implementation Plans and the Ten Year Housing Compliance Plan,namely: Public Buildings HUNTINGTON BEACH PROJECT(MERGED AREA) Other Buildings Hyatt Regency Huntington Beach Resort and Spa Pacific City Total Square Footage 349,598 0 The Strand(Blocks 104-105 in the Main Pier sub area) Enter the Number of Jobs Created Bella Terra from the Activities of the Agency Economic Revitalization Strategic Plan for Beach Boulevard and Edinger Corridor Capital Improvements and Facilities SOUTHEAST COASTAL PROJECT Types Completed ACDE Utility Undergrounding A=Utilities B=Recreation C=Landscaping D=Sewer/Storm E=Streets/Roads Huntington Beach Wetlands Conservancy Grant F=Bus/Transit Seawater Desalination Facility Magnolia Sidewalk&Pedestrian Lighting HOUSING Habitat for Humanity Colette's Children's Home#2 Jamboree Housing#1 and#2 Garfield and Delaware Affordable Housing Project Ellis and Patterson Each of these projects are more fully described in subsequent sections of this report. Achievement Information(Unaudited) Page 1 4/30/2007 t yy ,�a wake--� ,,,,�� ����`� ����1Q����i���t1C��3������� � n$: �".� � � �•� \ `� � ' L� Achievement`Information{Unaudited) Achievement information.(Unaudited) - Page 2 4/30/2007 , Audit Information Fiscal Year 2007 - ---- 1 If compliance opinion includes exceptions, Was the Pre from Audited Financial Data, Yes, state the areas of non-compliance,and P Prepared and Did You Su Submit a Co Copy of the Audit? 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 it 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? I Indicate Compliance Audit Opinion (Unqualified If Compliance Audit is not yet Completed,What is the — Expected Completion Date? 9u Audit Information Page 1 4f251200 r 'c �F: x, a3 r;;: ar ✓ r �9 rrigrr�ri�rrzo� ;� r , �y ®® MT. �tr / r?�l,.r,Giy ,r a i% i � . \,.n:...� 1,;. ,. mil'•. i Project Area Report Fiscal Year 2007 Project Area Name Consolidated Low and Moderate Income l` 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: Act�u!ty Fepork„ P=Standard Project Area Report A=Administrative Fund 1.Habitat for Humanity(Delaware L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program site): The Redevelopment Agency O=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area acquired a vacant parcel at 2502 Delaware for$153,000 using HOME Does the Plan Include Tax Increment Provisions? L - funds for a Habitat for Humanity Date Project Area was Established (MM-DO-YY) project in September of 2004. The _- Agency also appropriated$41,400 to Most Recent Date Project Area was Amended _ ---1 Habitat to help pay for development Did this Amendment Add New Territory? costs.This home built in July of 2006,completed the Agency's 4-unit Most Recent Date Project Area was Merged Yorktown corridor affordable housing - development project with Habitat. Will this Project Area be Carried Forward to Next Year? Yes', This Huntington Beach home was a Established Time Limit: Habitat's Women Build Project—a home built mostly by female Repayment of Indebtedness (Year Only) volunteers. - 2.Colette's Children's Home#2: Effectiveness of Plan (Year Only) The agency assisted Collette's New Indebtedness (Year Only) Children's Home with the acquisition a second four-plex at 7781 Glencoe Size of Project Area in Acres Avenue in Huntington Beach, The Percentage of Land Vacant at the Inception of the Project Area project provides a traditional home environment and needed program Health and Safety Code Section 33320.1 (xx.x%) services for homeless women with Land at the secured ed byhe the Agency's litcovenant agreement Percentage and fSafe Code Section 33320.1 Inception Project Area - - Y with Colette's is for a period of 60 Objectives of the Project Area as Set Forth in the Project Area Plan years. Colette's continues to be successful in its ongoing efforts to (Enter the Appropriate Code(s)in Sequence as Shown) R=Residential I =Industrial C=Commercial P=Public O=Other Project Area Report Page.1 4/25/2007 '••'N r WN Project Area Report ; • Fiscal Year 2007 Project Area Name iHuntington 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+ twity Report.: P=Standard Project Area Report A=Administrative Fund 1.The Hyatt Regency Huntington L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program Beach Resort and Spa: The 517- 0=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area room Hyatt Regency Huntington Does the Plan Include Tax Increment Provisions? Yes; Beach Resort&Spa and its Conference Center opened for Date Project Area was Established (MM-DO-YY) 12/16/19821 business on January 19,2003. Due - - to the success of the project,the Most Recent Date Project Area was Amended 8/5/2002i Redevelopment Agency has paid a Did this Amendment Add New Territory? No,I total of$6,239,171 towards its - Developer's Advance Loan leaving Most Recent Date Project Area was Merged an estimated balance of$8.3 million Yes as of December 2006, The hotel Will this Project Area be Carried Forward to Next Year? _-; paid its first Participation Payment to Established Time Limit: the Agency during this past year. 2. Pacific City(First and Pacific Repayment of Indebtedness (Year Only) 20341 Coast Highway;31-Acre Site): -- - - 1 Makar Properties owns this key Effectiveness of Plan (Year Only) 20241 downtown property now known as New Indebtedness (Year Only) 2024 "Pacific City," Remediation work is -- complete and construction has Size of Project Area in Acres L 619'1 begun on the site. A Community Percentage of Land Vacant at the Inception of the Project Area 5.O Facilities District is being proposed Health and Safety Code Section 33320.1 (xx.x%) to fund the majority of the public improvements for the residential Percentage of Land Developed at the Inception of the Project Area 950 portion of the project. Pacific City -- - - will include a residential village,a Health and Safety Code Section 33320.1 (xx,x/) major hotel complex and a retail O the Project Area as bjectivs Project promenade. An array of boutiques shops,restaurants, resort pools and (Entee f theAppropnate Codes)inSequence as Shown)Area Plan RCPO' R=Residential I =Industrial C=Commercial P=Public 0=Other Project Area Report Page 2 4/25/ 007 Redevelopment Agency Of The City Of Huntington Beach Redevelopment,Agencies Finaneial4 ransactions"Report Detailed Summary of Footnotes For Fiscal Year 2006-07 Forms Column Additional Details Footnotes Project Areas Report ; New'Indebtedness 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. 1' No.3566. Footnotes Page 1 4/24/2007 {jpg V� >iffib"11 T y �.,. .2..� �, � gr �C3C�e'tf�3,. ��� � ��.. �,.. � �rlsllC!l��+tl� �t` �Il'�,1��4t�+43r��� �.� �/ •, �y/� z� Protect Area Report Flscal`Year 2Q07' Project Area Name (Southeast Coastal Redevelopment Project ' < Please Provide a Brief Description of the Activities for this Project Areas„.,. During the Reporting Year. Forwarded from Prior Year? ,. Enter Code for Type of Project Area Report P rtlt-,_ P=Standard Project Area Report A=Administrative Fund 1. Utility Undergroundmg: Southern L=Low and Moderate Income Housing Fund M=Mortgage Revenue Bond Program California Edison is taking the lead 0=Other Miscellaneous Funds or Programs S=Proposed(Survey)Project Area in doing the design work for under Does the Plan Include Tax Increment Provisions? i Yes grounding the Edison utilities along PCH and is working with City staff, Date Project Area was Established (MM-DD-YY) 6/17/20021 CalTrans,and the California State Beaches Department, Most Recent Date Project Area was Amended 2. Huntington Beach Wetlands Did this Amendment Add New Territory? Conservancy Grant: The - - construction of the block wall and Most Recent Date Project Area was Merged -- -_ associated landscaping was Yes' completed during this fiscal year. Will this Project Area be Carried Forward to Next Year? _ - 3.Seawater Desalination Facility- Established Time Limit: The Redevelopment Agency approved an Owner Participation Repayment of Indebtedness (Year Only) L 2047 Agreement(OPA),dated February Effectiveness of Plan (Year Only) 2032! 27,2006,with Poseidon Resources i Corporation to provide for the New Indebtedness (Year Only) 20221 development of a seawater -- -- desalination plant on property leased Size of Project Area in Acres 17211 from the AES Corporation, The Percentage of Land Vacant at the Inception of the Project Area 14.41 Agreement containing the covenants affecting the real property was Health and Safety Code Section 33320.1 (xx.x%) recorded on June 8,2006. Percentage of Land Developed at the Inception of the Project Area 85_6 Magnolia Street Sidewalk& Lighting: The construction of a Health and Safety Code Section 33320.1 (xx.x%) Li sidewalk and pedestrian lighting on - - - _-- both sides of Magnolia Street was Objectives of the Project Area as Set Forth in the Project Area Plan POI included in the Capital Improvement (Enter the Appropriate Code(s)in Sequence as Shown) R=Residential I =Industrial C=Commercial P=Public 0=Other 5/2007 Prolect�Area Report Page'3 4/2 Assessed Valuation Data Fiscal Year 2007 Project Area Name ',Huntington Beach Redevelopment Project Area INo. 1 Frozen Base Assessed Valuation 159,530,117 Increment Assessed Valuation 1,155 472,151 Total Assessed Valuation 1,315,002,268 Page 1 Assessed Valuation Data an SO M O / /y INK jf aR ii JiWit<v/ mod./ s�/ .... .... //�..?. Assessed Valuation,D.ata Fiscal Year 2007 Project Area Name 1Southeast Coastal Redevelopment Project Frozen Base Assessed Valuation 103,733,755 Increment Assessed Valuation 15 962,396 Total Assessed Valuation 119,696,151 Assessed:ValuatSon Data; Page 2 4/25/2007' l� �,a 1, �',,$4- VFfiT�oi�l'9 frt'gTsi \.:, �k4gA/, �'`' / / / INSIDE WIN (Redy pment � liniiif�+Kis! Tram its R��St�rt /, o$J y Pass-Through f School District Assistance Fiscal Year 2007 Project Area Name iHuntington Beach Redevelopment Project Area No. 1 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 i 241,325 Cities 173,941 $173,941 ,,..,,.,. '� ��..... ., - -- School Districts 516,471 $516 471 _._.,. Community College District 126,5531 $126,553 $41,6741,672SPecial Districts 2 , . Total Paid to Taxing $0 $17099,962 $0 $1,099,962 $0 $0 Agencies Net Amount to Agency — Gross Tax Increment 13,730,696 ,....o� apt".k�•, ,�� v ,��,,..,,,�, _. ,.,.� a;, „�.r„� "su�� Generated — Pass Ttixougti f School District Assistance . Page 1 .. 4I25/2007 r o E ' i'i C3�p HilYdIt�1Ir EttCh % � Ad actlan Pa$S-Through!School District Assistance Fiscal Year 467 __--- 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 Cities — 1 -- — --- ---5,864 School Districts 16,681 $16,681 -- - — - — -- — Community College District _ T 3,497 $3,497 Special Districts L_ --� I 1,370 $1,370 Total Paid to Taxing $0 $0 $3777 $31,427 77 $0 Agencies Net Amount to Agency ` r % $135,051 r . Gross Tax Increment �s ' r 166 478 Generated Pass Through!School District Assistance Page',2 4/25/2007 �'4R"OUR I>,,A, ,�, j,✓,r,r v„. ✓%, /h % � + 1 nt Age �t1 Tr iris Re C� y, �i /s H Summary of the Statement of Indebtedness-'PrQject Area - Fiscal Year 2007 Project Area Name tart ) jxhgler Tax Allocation Bond Debt Revenue Bonds Other Long Term Debt City/County Debt Low and Moderate Income Mousing Fund - Other _ Total $0 Available Revenues Net Tax Increment Requirements $0 Summary of the Statement<of'Indebtedness-Project Area Page 1 4/25/2007 E y �apment A �g ncles r� ct tins k, :s Summary of the Statement of Indebtedness-Project Area Fiscal Year 2007 ru Project Area Namert1 g IaleCt Tax Allocation Bond Debt _ 39,739,6601 Revenue Bonds - a Other Long Term Debt 10,083,074J City/County Debt j 86,8671917 Low and Moderate Income Housing Fund 38,798,771 'I Other 8,035,368 Total $183 52�. Available Revenues 2,497,907 Net Tax Increment Requirements $181,026,883 Summary of.the Statement of Indebtedness•Protect Ar;e Page,2 4/25(2t)b7 Retie t '.• f t �i p g ... Summary of the Statement of Indebtedness=Project Area Fiscal Year2097� Project Area Name #fet0 tat R llen#Pale 10 Tax Allocation Bond Debt � I Revenue Bonds Other Long Term Debt City/County Debt 7,294,186 Low and Moderate Income Housing Fund 1 777,326 1 Other -- Total $9,071,512 ' Available Revenues 760,4731 Net Tax Increment Requirements $8,311,03 Summary of the Statement of indebtedness-Project Area Page'3 4/25/2007 V k lk SM i r/i ..,:y ,....o ; ,r.r� ...,...,,. /id'�7' wt ,k ?..,;� 1,: ..,r r.. \ "tN; ni„� /////i 3•m.:..f,✓/ %/ .,h. Agency Long-Term Debt ------------ Fiscal Year �26-67- Project Area Name 'Huntington Beach Redevelopment Project Area N9,1 Forward from Prior Year lyds � -; �,. Bond Type City/county Debt Year of Authorization 1982', Principal Amount Authorized 104,501,018', Principal Amount Issued 104 501,018 Purpose of Issue lProtect Funding -1 Maturity Date Beginning Year 2034 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year $86,880 727 Adjustment Made During Year 474 273 Adjustment Explanation Interest Added to Principal 3,300,000 Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 5,552,000', Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $85,103 000 Principal Amount In Default -- - - -- Interest In Default _r.._....... Bond Types Allowed. i 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 1 4J25J200F =; SO ft NO "bail % Agency Long-Term Debt Fiscal Year 12007 -- Project Area Name Southeast C_oastalRed-evelopment Project Forward from Prior Year 0 ` _- -- ----- --- --------------- Bond Type ;City/County Debt Year of Authorization 2002' Principal Amount Authorized 7,282,374j Principal Amount Issued 474,885 Purpose of Issue ,Project-Funding -- Maturity Date Beginning Year 2002, 00 Maturity Date Ending Year 2047 Principal Amount Unmatured Beginning of Fiscal Year $474,885 ... Adjustment Made During Year 474,885 Adjustment Explanation ;Debt no longer on books Interest Added to Principal 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 so Principal Amount In Default Interest In Default _... x................,,.,.......... ., m _ _ _._.... .. ._ .........,..._._ _.., ,,.,,., Bond Types Allowed: i Tax Allocation Bonds; Revenue Bonds;Certificates of Participation;Tax Allocation Notes; Financing Authority Bonds;City/County Debt;US;State; E Loans;Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation;Other ....,,.._. ....._............_ v, . ,w.__ ,__m .,...,._..,_...................._ww. Agency..Long-Term Debt Page 2 4/25/2007 7A, Asti .'�i i��� �i - W, /i a i n ; X r ' Abe Cyr C, f T , Of ti r�gt4� a+0 ..,,�., 14, .... %y F� E Y tlt 1 tit ,,, ,tiS + !ii ka ' : .,,,, ,, ..,. i jai ,. ..� .. /.w... /r�,'.,... Agency Long-Term Debt Fiscal Year 12007____ Project Area Name iHuntington_Beach_Redevelopment Project Area No. 1 Forward from Prior Year ' Bond Type Deferred Compensation Year of Authorization 20031 - Principal Amount Authorized 143,000 i Principal Amount Issued 143,000 3 0 Purpose of Issue ,Compensated Absences Maturity Date Beginning Year 20031 Maturity Date Ending Year 2034 Principal Amount Unmatured Beginning of Fiscal Year $17 000 Adjustment Made During Year _ Adjustment Explanation Interest Added to Principal 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 17700 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 .,,...._. ._...................._ Agenyhang Term Cbebt ,Page 3 p` #125 4 J2f707 ., IMP .e,. � '+� IN /yrW � '� ,Ii ';. } �y /�/r r,/ / a r r 11 Agency Long-Term Debt Fiscal Year ;2007_- Project Area Name Huntington Beach_Redevelopment Project Area No._1 Forward from Prior Year F 1 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 20341i Maturity Date Ending Year 20341 Principal Amount Unmatured Beginning of Fiscal Year $10,583,074 Adjustment Made During Year Adjustment Explanation Interest Added to Principal L 579,487 1 Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 2 465,045 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $8,6977116 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 , ,. Agncy in Term l ,elat „< Fag Lo e 4:' J.z,.• , , }l25120a7 00 01 aa �e� 0, ice„ 4,219 g � ..,. .. Agency Long-Term Debt Fiscal Year 2007 Project Area Name Huntington Beach__Redevelopment Project Area No._1 Forward from Prior Yeara yfi; Bond Type ;Tax Allocation Bonds Year of Authorization 19901 Principal Amount Authorized 10,835,000 Principal Amount Issued 10,835,000] Purpose of Issue Refmance 1992 Loan Maturity Date Beginning Year - 19991 Maturity Date Ending Year 20251 Principal Amount Unmatured Beginning of Fiscal Year $8,505,000 Adjustment Made During Year L Adjustment Explanation Interest Added to Principal Principal Amount Issued During Fiscal Year 1 Principal Amount Matured During Fiscal Year F 350,0001 Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $8 155 000 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 5 4/25/2007 it a r y 01' Wq•.!9' a,.; , nq / lt� % � „���:4;• _ v k,, Agency Long-Term Debt Fiscal Year '2007_-_ Project Area Name [Huntington Beach Redevelopment Protect Area No. 1 Forward from Prior Year Bond Type [Tax Allocation Bonds - Year of Authorization 200211 Principal Amount Authorized 20 900,000 -- 0,- - 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 17 $18 700 000 Adjustment Made During Year Adjustment Explanation 1 Interest Added to Principal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year --- 790,0001 Principal Amount Defeased During Fiscal Year f Principal Amount Unmatured End of Fiscal Year $17,910�000 Principal Amount In Default --- -- ---' Interest In Default - 1 s` Bond Types Allowed; E 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 6 _�..�� _------_.------- ......... _____.--_._---------- Agent'Long-Terr 'l�efit. Page 6' /25/2007 � , Agency Long-Term Debt Fiscal Year 2007_ Project Area Name Huntington_Beach Redevelopment Project Area No. 1 Forward from Prior Year Bond Type US Year of Authorization 2000j Principal Amount Authorized — 6,000,000 Principal Amount Issued 61000,000� Purpose of Issue New Loan _ Maturity Date Beginning Year 2000 Maturity Date Ending Year 203� Principal Amount Unmatured Beginning of Fiscal Year $4 g35,000 Adjustment Made During Year Adjustment Explanation Interest Added to Principal -I Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year 220,000 - ------------- Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $4 71 5,000 Principal Amount In Default Interest In Default 1 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 E' Agency Long-Term Debt 'Page 7' 4/25/2007 ai ��a�;. + if p 6j ,,,.r �.. r. ,j✓I: .,,,� �d/Jy wr �,} � 3lf? .�/ia`.� ,' �.,. * " .i„r.,�f ..M �„,.. o ii /r,.. .., i _. ia....., Agency Long-Term Debt Fiscal Year �2007_-_ -_ Project Area Name Hunti-ngton_Beach Redevelopment Project Area No_1 Forward from Prior Year d d ' Bond Type Other --- ----- -- ------ Year of Authorization -- 2006 Principal Amount Authorized 15,000,000 Principal Amount Issued 15,000,000 Purpose of Issue I Bella Terra Parking Maturity Date Date Beginning Year 20071 Maturity Date Ending Year 2007� Principal Amount Unmatured Beginning of Fiscal Year Adjustment Made During Year Adjustment Explanation Interest Added to Principal - Principal Amount Issued During Fiscal Year 15,000,000 Principal Amount Matured During Fiscal Year I Principal Amount Defeased During Fiscal Year Principal Amount Unmatured End of Fiscal Year $15,000,000 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 ... ............. _ ._ _,............,.... _ _w ,.,.,...,..,.,_ m_,,., _. . Agency Loris=Term Debt ::Page 0, 4/25/2007 „ a` a'ls •t•'�'� es'� / ,r r 7 r" i- ii�� vMI ✓ r �ih�h� AYY3 :._ / fo" Fier/f #� - f fr OFO FF i .n y/O , f/'j/'� /� /� S s F9 i ��" Iffr /O lJ vi/GYC , ,as via,. "s�,�•'.rdirf Non-Agency Long-Term Debt Fiscal Year 2007 Project Area Name 'Huntington Beach Redevelopment Project Area No. 1 Forward from Prior Year ,' Bond Type (Mortgage Revenue Bonds Year of Authorization 19911 Principal Amount Authorized 9,500,0001 _------------------ Principal Amount Issued j 9,500,0001 Purpose of Issue ,Fine Points Senior Complex Maturity Date Beginning Year 19911t Maturity Date Ending Year 20211, Principal Amount Unmatured Beginning of Fiscal Year 9 500,0 0 Adjustment Made During Year Adjustment Explanation Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Year --I Principal Amount Unmatured End of Fiscal Year $9,500,000 Principal Amount in Default Interest in Default r Bond Types Allowed, I Mortgage Revenue Industrial Development;Commercial Revenue Bond Certificate of Participation .... ............, .._ Nan-Agency Long-Term Debt Page 1 4l25/20'07 ii -�\� ���� � i '� �� t :,''.: ¢ ri/�/ � .fix a '3r /� ✓/�� '2 �� %fir ns ,,. .//✓.,\. W/ Nor»Agency Lang-Term deb# Fiscal Year ,2007 Project Area Name Huntington Beach Redevelopment Project Area No 1 Forward from Prior Year4 Bond Type Mortgage Revenue Bonds -JI Year of Authorization f 199611 Principal Amount Authorized - 16,000,000 Principal Amount Issued i 16 000,0001 Purpose of Issue Huntington Breakers 1 Maturity Date Beginning Year i1996I Maturity Date Ending Year 20261 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 -- - - --'i 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',Long-Term Debt'.., Page 2' 4l25/2007 ` off' F �eevelapment Agency �iy Ct`Iunfall� i „ v mot. v iu Statement of Income and Expenditures-Revenues Fiscal Year 2007 Project Area Name ,Consolidated 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 --- - - - - - ----- ---t,x ,s ..,s (Include All Apportionments) Special Supplemental Subvention - - I - �- $0 Property Assessments T $0 Sales and Use Tax $0 Transient Occupancy Tax i - 1 $0 - - -- -- - -- Interest Income i 364,610 $364,610 Rental Income $0 ,779', $19,779 Lease Income 19 ------ ---- - ------ ---------- ------ --- _ Sale of Real Estate $0 Gain on Land Held for Resale $0 Federal Grants T $0 --- -- I ---- -- -L Grants from Other Agencies rr $0 Bond Administrative Fees $0 Other Revenues L 2,917 - $2,917 Total Revenues $0 $0 $387,306 $0 $387,306 ' Statement cif Income and Expenditures=-Revenues Page 1 4/24/2007 moo 10 Midabvelop cla Statement of Incorne and Expenditures-Revenues Fiscal Year i2007 Project Area Name Huntington Beach Redevelopment Project Area No. 1 J Low/Moderate Special Capital Project Debt Service Income Housing Revenue/Other Funds Funds Funds Funds Total Tax Increment Gross 13 730,696 (Include All Apportionments) Special Supplemental Subvention $0 Property Assessments Sales and Use Tax $0 -- - - - Transient Occupancy Tax $0 -- -- -- -- Interest Income 1 058 354 $1,058,354 Rental Income $0 Lease Income 475,464 1 $475,464 '. Sale of Real Estate 4,089 i $4 089 - --- - - Gain on Land Held for Resale $0 Federal Grants $0 Grants from Other Agencies $0 Bond Administrative Fees Other Revenues 6,256,250' - $6,256 250 Total Revenues $7 794,157 $13,730,696 $0 $0 $21,524,853 E:• Page 2 4/24/2007 Statement of Income and„Expendi#ures-Revenues sr`,.. +� ,'S+,•,a a; .,.m e'er .,,,,/ oi. ,, ,rxi,+.,,,,r,r, , ;;, :, ,.,, .��e . 61,„ ., y�', ,,c,_�s '` '� a� s. �8tatement of"""Income and=Expenclltures;�_.Revenues fr� � Fiscal Year 12007 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 166,478 Yh "' t3 (Include All Apportionments) Special Supplemental Subvention Property Assessments $0 p Y --- -- - -- - - - -- Sales and Use Tax $0 '. Transient Occupancy Tax 1 $0 -- -- - __ Interest Income 23,094 $23,094 ` 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 $0 - - -- -- Bond Administrative Fees r 0 Other Revenues (_ $p Total Revenues $0 $189,572 $0 $0 $189,572 j Statement of Income and Expenditures-.Revenues Page 3 "' 4/24/2007 /s #y _ �x r,��x �sa�� � 'y!�•wi% r� �� f' 1 r�i�/f �,, .., �� �'r y i Statement of Income and Expenditures Expenditures":• Fiscal Year �2007 - ._.. - - . Project Area Name Consolidated-Low-and Moderate IncomeHousing Funds Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 119 014 $119,014 Professional Services $55 206 Planning,Survey,and Design I $0 -...- _. _- _... —. .. _ - .. Real Estate Purchases 698 0001 $698,000 Acquisition Expense $0 - _ Operation of Acquired Property so Relocation Costs $0 Relocation Payments 0 Site Clearance Costs $0 Project Improvement/Construction Costs _- _. -,$p -f�--- -L--- I- --- Disposal Costs --. ---- --- I --- -------� _ $0 Loss on Disposition of Land Held for Resale -- -- - - - -- Statement of Income and Expenditures Expenditures Pa e 1 x 4/24/2007, g ReveCooint=Ag";n �es Fwlno nci1 Trntaintepart Statement of Income and Expenditures-expenditures Fiscal Year 2007 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 - $p Rehabilitation Costs Rehabilitation Grants $0 Interest Expense $0 I -- --- - Fixed Asset Acquisitions i $0 Subsidies to Low and Moderate Income Housing - — --- -- -- - Debt Issuance Costs i _ - - - - $0 Other Expenditures Including Pass- $0 Through Payment(s) L -- -- ---- - -- _ Debt Principal Payments: Tax Allocation Bonds and Notes L - L - $0 -- - - - . Revenue Bonds,Certificates of - - - - - - � $0 Participation,Financing Authority Bonds City/County Advances and Loans - $0 All Other Long-Term Debt $0 Total Expenditures $0 $0 $872,220 $0 $872,220 Excess(Deficiency)Revenues over $0 $0 ($484,914) $0 ($484,914) (under)Expenditures Statement of,Income and Expenditures-Expenditures Page 2 4/24/2007 3 Rit��s1/ IQptttelltdo �� i x Est �/yrrlr/ ii riPON «=s ,.,, y ,,Statement of Income andgl "Expendi#ores-Expenditures Fiscal Year 12007 Project Area Name iH_untington Beach Redevelopment_Project Area No. 1 Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 411 497j 1 137,040 rr $1 548,537 Professional Services 281 922 L r- —_ $281,922 Planning,Survey,and Design I Real Estate Purchases T $0 Acquisition Expenseso j - - ---- - -- ----- — Operation of Acquired Property $p --- - _ ----1 -_-_ _ Relocation Costs $0 -- --- Relocation Payments r $0 Site Clearance Costs $0 Project Improvement Construction Costs 3,638 108 1 P $3,638,108 Disposal Costs L- -- - -- -- $0 Loss on Disposition of Land Held for L ' Resale --- _ $5-- - Statement of Income and expenditures-Expenditures Page 3 4/24Y2t07 ?� M3 •...- = State - ment of Income and°Expenditures=Expenditures,: Fiscal Year --_ �. s . u. . _ Project Area Name ton 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 Rehabilitation Costs Rehabilitation Grants $0 Interest Expense 2,172,963 $2,172,963. Fixed Asset Acquisitions $0 - — -- — - - - Subsidies to Low and Moderate Income - -- 1 -_ $0 Housing -- --- Debt Issuance Costs I__ Other Expenditures Including Pass- �- 1 303 532 $1,303,532 Through Payment(s) -- -- -------- Debt Principal Payments: Tax Allocation Bonds and Notes 1,140,000 1 1 _ 1 140 000 - -- -- . Revenue Bonds,Certificates of $0 Participation, Financing Authority - - Bonds City/County Advances and Loans 5,552,0001 $5 552 000 - -- Ail Other Long-Term Debt 2 685,045 $2 685,045 Total Expenditures $4,331,527 $13,990,580 $0 $0 $18,322,107 Excess(Deficiency)Revenues over $3 462 630 ($259 884) $0 $3 202 746 (under)Expenditures Statement of Income and Expenditures''.'Expend itures Page 4 4/2412007 WV EW tt tk i 9 / tKclhisap Ilp Statement o„€Income and d:xpes�dltwres- €penchtures , Fiscal Year Project Area Name Southeast Coastal Redevelopment Project____ Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Administration Costs 47,611 7611 - — - - Professional Services 6251 $625 Planning,Survey,and Design l $0 Real Estate Purchases $0 Acquisition Expense $0 Operation of Acquired Property $p Relocation Costs $0 -- - -- - Relocation Payments $0 Site Clearance Costs $p Project Improvement/Construction Costs $Q - -- Disposal Costs777 $Q Loss on Disposition of Land Held for $0 Resale - Statement of Income and Ex Expeniturs. Page 5 4/24/2007 .c.. /� Statement of Income and Expenditures-Expenditures. Fiscal Year �2007 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 7 $0 — - - -- - - Interest Expense $0 ------------ Fixed Asset Acquisitions $0 -- - - - - -- Subsidies to Low and Moderate Income so Housing iDebt Issuance Costs $0 Other Expenditures Including Pass- 31,428 31,428 Through Payment(s) - Debt Principal Payments: Tax Allocation Bonds and Notes - - - $0 -- — Revenue Bonds,Certificates of Participation, Financing Authority Bonds - - -.-. i City/County Advances and Loans $0 All Other Long-Term Debt i $0 Total Expenditures $48,236 $31,428 $0 $0 $79,664 Excess(Deficiency)Revenues over ($48,236) $158,144 $0 $0 $109,908 (under)Expenditures Statement of]ncbme and Expenditures-"Expenditures gage 6 4/24120,07 ...' pm ent Agency i-iUl1' In #dl`fe8Ci1 1 Rderrelapment Ager►cie� F�neneial Tr�nsaGtians epc�r� ..,F, ?, Statement of Income and Expenditures Other Financing Sources Fiscal Year 2007 Project Area Name Consolidated Low and Moderate Income HousingFunds 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) 554 ��$554 Operating Transfers In $0 Tax Increment Transfers In 2,779,435 $2,779,435 Operating Transfers Out $0 Tax Increment Transfers Out $0 (To the Low and Moderate Income Housing Fund) Total Other Financing Sources(Uses) $0 $0 -$2,779,989 $0 $2,779,989 Statement of Income and Expenditures"' Other Financing Sources Page 1 4/30/2007 k Rlevla�geny dfe 00 , bf Huntmgtal� Bcti'; F! +Ce1lLtlfett �+13 �IIf �TI' 11S1tIIS + gf" \ .. a.. . Statement of Income and Expenditures`-Other Financing Sources Fiscal Year 2007 Project Area Name Iconsolidated Low and Moderate Income Housing Funds Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Excess(Deficiency)of Revenues and $0 $0 $2,295,075 $0 1 $2,295,075 Other Financing Sources over Expenditures and Other Financing Uses Equity,Beginning of Period $0 $0 $8,206,689 $0 $8,206,689 Prior Period Adjustments $0 Residual Equity Transfers Other(Specify) A B C D E Refresh , Total """' - Other Total , Equity,End of Period $0 $0 $10,501,764 $0 $10,501,764 Statement of Income and Expenditures-Other Financing Sources Page 2 4/30/2007 \\ IedeueNc. IT1�'tl A n The Cat ?fr� l\ f \\ tP, S g p, \r fq .IIYt@III#.A11C�@Sy `il :,°` w+ 1 ,,w, \ ?� AN ' . Statement of Income and Expenditures=Other Financing Sources Fiscal Year 12007 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 15,000,000 579,487 $15,579,487 Proceeds of Refunding Bonds $0 Payment to Refunded Bond Escrow Agent Advances from City/County $0 Sale of Fixed Assets 1 $0 Miscellaneous Financing Sources(Uses) -15,519,542 -554 1($15,520,096 Operating Transfers In 4,519,598 $4,519,598 Tax Increment Transfers In $0 Operating Transfers Out 4,519,5981 $4,519,598 Tax Increment Transfers Out 2,746,723 $2,746,723 (To the Low and Moderate Income Housing Fund) Total Other Financing Sources(Uses) ($5,039,140) $2,351,808 $0 $0 ($2,687 332) Statement of Income and Expenditures-Other Financing Sources Page 3 ; 4/30/2007 uel�apmeX ondQ � Y4u�ntr>rgtain B� Fd�ulp n#ATO- gtit1I1Ci1 Try..K #jan ►t \ \ t � kW Statement of Income and Expenditures-Other!Financing Sources Fiscal Year 12007 Project Area Name Huntington Beach Redevelopment Project Area No. 1 Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Excess(Deficiency)of Revenues and ($1,576,510) $2,091,924 $0 $0 $515 414 '- Other Financing Sources over Expenditures and Other Financing Uses Equity, Beginning of Period $22,020,585 ($1,483,681) $0 $0 $20,536,904 „ . Prior Period Adjustments $0 Residual Equity Transfers -1117' $0 Other(Specify) A B C D E Rgfresh Total E Other Total 7 i Equity,End of Period $20,444,075 1 $608,243 $0 $0 $21,052,318 Statement of Income and Expenditures-Other Financing Sources Page 4 4/30/2007 ' teevelopment Agency Qf The City©f H>a[nttngtc}n eeac�` s ,. 41 RdeueN ent Ar .ci F�r�anci�l Trlh� Rap rt Statement of Income and Expenditures-Other,Financing Sources Fiscal Year 2007 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 $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) Operating Transfers In $0 Tax Increment Transfers In $0 Operating Transfers Out $0 Tax Increment Transfers Out 32,712 $32,712 (To the Low and Moderate Income Housing Fund) Total Other Financing Sources(Uses) $0 ($32,712) $0 $0 ($32,712) Statement of Income and Expenditures-Other Financing Sources Page 5 4/30/2007> z plm Redau - engeincy of "t�e City3 Iigtan Beach o z r OW �� derrelap rat Age jr>tanc� C Trahsactir�n� ' Statement of Income and Expenditures'-Other Financing Sources Fiscal Year 2 0107 Project Area Name ISoutheast Coastal Redevelopment Project Capital Project Debt Service Low/Moderate Special Funds Funds Income Housing Revenue/Other Total Excess(Deficiency)of Revenues and �($48,236) $125 432 $0 $0 $77,196 Other Financing Sources over Expenditures and Other Financing Uses Equity, Beginning of Period ($132 561) $493,590 $0 $0 $3617029 Prior Period Adjustments Residual Equity Transfers $0 Other(Specify) A B C D E Refresh',' Total . Other Total Equity,End of Period RM:797) pun $0 $0 $438,225 Statement of Income and Expenditures=Other Financing Sources Page 6 4/30/2007 ' No rr� t fir/ a s° d. ,,;1 iir r i i , ���+eN�prrt: lr�# + � N�NuntNngton Beat ��, �1IN0p 06lt Aged �� � risac#ions Balance Sheet-Assets and Other Debits Low/Moderate Special Fiscal Year 2007 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 15,997 148 915 713 8,266,503 T j - 9 -- -- -_ --- - ---- h l ... , $25,179,364 - , ' Cash with Fiscal Agent 2412,653 j- -- -- � W Y�$2,412,653 - -- - 9 Tax Increments Receivable 2,686,310� ��� '3\ =e &�,,,_,,�,� _._.. Accounts Receivable 1,300 $1,300,589 589 µ , _.. - — Accrued Interest Receivable 196 947' 4 932 66,484IN 63 „ .. - -- Loans Receivable 10,170,134 T eNEW, - --- Contracts Receivable - -- -� --� T ...1 ✓y.... $0 Lease Payments Receivable - Unearned Finance Charge T % $0 Due from Capital Projects Fund 180,149 2,093,927 y -- --. - -_. may p 1 / k �� Due from Debt Service Fund 1 3,615 0641 105,000 j/ $3,720,064 Due from Low/Moderate _ Income Housing Fund Due from Special J -- - � �.. .,, _ _�...0 ..:. $0 Revenue/Other Funds Balance Sheet-Assets and Other Debits Page 1 4(24/2007 ......... r � � ,�` ✓� X •� ,�{Q ,IG# e � •a�3„ �i •!��-�b, �r7. v'7'H1 Y/ ms� � i: � � ,�k � Assets, Balance'Shee#-- 5s and;Qther Debl#s Low/Moderate Special Fiscal Year 2007 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed Funds Funds Funds Funds Term Debt Assets Total Investments W �`E"n�i r• Other Assets 302,4891 _ $302 489 Investments: Land Held for 2,682 132 Mi� $2,682,132 Resale -- Allowance for Decline In Value of Land Held for Resale --r Fixed Assets: Land, 15 'yi 17 3,359 $17 153,359 ' a u --- --- - - Structures,and Improvements Equipment �' �' �� 157 - — $0 Amount Available In Debt 1 � n Service Fund Amount to be Provided for 139 597 516 , ate -- !c,.Xi�'�ti i ' ��m• $139,597,516 Payment of Long-Term Debt ,., -- - - Total Assets and Other $24,274,518 $6,019,608 $20,702,048 $0 ' $139,597,516 $17,153,359 $207,747,049 Debits (Must Equal Total Liabilities, Other Credits,and Equities) Balance Sheet Assets and Other Debits Q. Page 2 4/24i2007 n. _ " r / i �s �,,; .g4 //NNO ,. Balance Sheet-Liabilities and`Other Credits Low/Moderate Special Fiscal Year 2007 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 43,040 18,299 -- 30,150 ? ! x, / � ;�. �, $91,489 Interest Payable L $0 Tax Anticipation Notes Payable I '� E r; $0 ems` .��' r* / s t�1��// e,,.e ;�,..t, a�.�.u,.s., Loans Payable Other Liabilities r 1,694 124 1 053,980 10 170,134 $12,918,238 Due to Capital Projects Fund 180,149 3,615,064 _ $3,795 213 --. -- Due to Debt Service Fund — - -�— — --� -- - s, :. .,. $0 Due to Low/Moderate 2,093,927 105,0001 $2,198 927 Income Housing Fund Due to Special Revenue/Other Funds Tax Allocation Bonds Payable � s / SAS / 26,065,000 ; $26,065,000 Lease Revenue,Certificates $ , of Participation Payable, 0 Financing Authority Bonds All Other Lang-Term Debt �� � '� ---- -113,532,516 / sW �$113 532,516 _. Total Liabilities and Other $4,011 $4 240 792,343 $10700,284 $0 $139,597,516 €r/ $158,601,383 Credits Balance Sheet-Liabilities and Other Credits ' Page 1 ,,, 4/24/20177 �, i,,,ya fir. x / ! N s, L6,,,F,P,,,; ^�i,�,;,,�,..., %�\s.. gg...'•?3 AN Balance Sheet- Liabilities and Other Credits Low/Moderate Special Fiscal Year 2007 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 � d, �yiyfiy /i � �; j --- 17,153,359 � „K ������ ��.����r, �����W��:���o.;� �v ,� ------- �g ,� �1� $17,153,359� Assets - - Fund Balance Reserved 20,263,278 1,227,265 10,501,764 rx aM $31,992,307 Fund Balance Unreserved-Designated - --- - — r Fund Balance $0 Unreserved-Undesignated Total Equities $20,263 278 $1,227,265 $10,501r764 $0 q $17,153,359 $49,145,666 Total Liabilities, Other Credits, and Equities $24,274,518 $6 019 608 $20,702,048 $0 $139,597,516 $17,153,359 $207,747,049 Balance Sheet-Liabilities and Other Credits Page", 4/24/2007 y Redevelcaj Isn ncy-'Of Tile city, �1F untrn a ch<� r %ism ;x a <: 'edewNertent s Fins#gal Tlr rtic��tsMep Statement of Income and Expenditures- Summary,Combined Transfers In/Out Fiscal Year 2007 Operating Transfers In $4,519,598 ' Tax Increment Transfers In $2 779,435 Operating Transfers Out $4,519,5 8 Tax Increment Transfers Out $2,779,435 Statement of Income and Expenditures- Summary, Page 1 4/30/2007 , Combined Transfers In/Out ATTAC H M E NT #2 Additional Reports for State Controller City of Huntington Beach RDA Fiscal Year Ended September 30, 2006 1) Blight progress report (specifies actions and expenditures made in the previous fiscal year to alleviate blight), Health & Safety Code 433080.1(d) a) 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 is on file with the State Controller. During fiscal year 2005-06 some blighted conditions have been mitigated through the programs described in these plans. In particular, the CIM project is under construction, the renovation of Huntington Center, now called `Bella Terra," is mostly complete with nearly 90% occupied. The Pacific City project has commenced. The Huntington Beach Wetlands Conservancy project located in the Southeast Coastal Redevelopment Area was completed. 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 Safety Code §33080.l(f). a) The City of Huntington Beach did not acquire any properties in the fiscal year ending September 30, 2006. b Agency Owned Land as of September 30 2006: Description Assessor's Parcel Number Acres Cost Acquired Funding Source Category 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 9/30/1994 Housing Set-Aside Asset Surf Museum SEC 5th/Olive 024-147-01 0.116 286,300 7/1/1991 Tax Increment Asset Block 104(10'Remnant Abdelmuti parcel exchanged s 10'portion of AP 024-153-12 Gosney)Acquisition cost was proportionately reduced AP 024-153-21 0.017 259,000 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 10/1/1989 Tax Increment Resale Waterfront Leasehold for 99 years. AP 024-251-01 &024-252-01,-02 22.08 14,023,000 7/1/1989 Tax Increment Asset Degraded Wetland Parcel Lot AA,Legal Description on file 1.0071 no consideration 12/11/2002 n/a Resale Vacant Land(NEC Parkside/Aldrich 142-081-06 0.413 664,582 9/1/1988 Tax Increment Resale Vacant Land(NEC Parkside/Aldrich 142-081-09,40,11,42 1.023 753,180 9/1/1988 Tax Increment Resale �22thard/Hoover(Housing) 142-073-03 2.718 1,084 074 9/1/19871 Tax Increment Resale �Gothard/Hoover Westminster Parcel 142-311-34 1.166 465,059 9/1/198 Tax Increment Asset Supplement to the Annual Report of Community Redevelopment Agencies For the Fiscal Year Ended June 30,2007 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 2006-2007 fiscal year(defined from July 1,2006 through June 30, 2007). 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 Elizabeth A. Bethoney 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 $ 290,320 B.Mortgage Revenue Bond Interest Payments Report your government's total amount of interest paid on mortgage revenue bonds during the year. U20 $ U.S Bureau of the Census—Revised 05/2005 CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT REDEVELOPMENT AGENCY ANNUAL HOUSING ACTIVITY REPORT FY ENDING: September / 30 / 2006 Agency Name and Address: County of Jurisdiction: Redevelopment Agency of the City of Huntington Beach Orange 2000 Main Street H rn inctQn B=h. 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 forting year,how many adopted project area existed? 2— Of these,how many were merged during year? 0 If the agency has one or more adopted proiect areas,complete SCHEDULE HCD-A for each project area. If the agency has no adopted project 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 DI-D7 for each housing project completed and HCD SCHEDULE E, ❑ No. DO NOT complete HCD SCHEDULES DI-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,Q,DI-D7,and E are attached. ® B. On-line(http://Www.hcd.ca.govlydo"Lock Report"date: 04-26-07 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 aboveand(b)agency information reported are correct, 04-26-07 �— --�� Date Signature of Authorized Xgtncy Representative Stanley Smalewitz, Deputy Executive 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(IN PLACE OF REPORTING ON-LINE),SUBMIT THIS PAGE AND ALL APPLICABLE HCD FORMS(SCHEDULES A-E)WITHA COPY OF AGENCY'S AUDIT. • IF REPORTING ON-LINE,PRINT AND SUBMIT"CONFIRMATION LETTER"UPON LOCSINGREPORT • MAIL A COPY OF(a)CONFIRMATION LETTER(IF HCD REPORT WAS ELECTRONICALLY FILED)OR(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 3`4 Street,Suite 430 3301 C Street.Suite 500 Sacramento, CA 95814 Sacramento,CA 95816 Redevelopment Agency Annual Report-Fiscal Year 2005-2006 HCD-Cover Cover(7/1//06) Page 1 of 1 1\i!!11\VF %JA"'15 AJY 0` - VV.....♦... Confirmation of Redevelopment Agency On-Line Filing of Annual ACD Report To: State Controller Division of Accounting and Reporting Local Government Reporting Section P.O.Boa. 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: Terri King Date: 04/26/2007 Time: 12.11 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. https:Hssw2.hcd.ca.gov/RDA/showLockLetterjsp 4/26/2007 California Redevelopment Agencies-Fiscal Year 200612007 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•0 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 BCH REDEV $13,730,696 $2,746,139 $2,746,139 $0 $0 $2,746,139 20.00% $0 $0 $2,746,139 PRJCT(MRGED) SO-EAST COASTAL $166,478 $33,296 $33,296 $0 $0 $33,296 20.00% $0 $0 $33,296 REDEVELOP PRJCT Agency Totals: $13,897,174 $2,779,435 $2,779,435 $0 $0 $2,779,435 20.00% $0 $0 $2,779,435 Note:Print this report In Landscape Orientation(Use the Print Icon just above, then Properties then Landscape) Page 1 of 1 04125107 California Redevelopment Agencies-Fiscal Year 200612007 Project Area Contributions to Low and Moderate Income Housing Fund Sch A Project Area Financial Information Agency HUNTINGTON BEACH RDA Address 2000 Main Street,Sth Floor Huntington Beach CA 92648 rojectArea 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. $13,730,696 $2,746,139 $2,746,139 $0 $0 $2,746,139 20.00% $0 Repayment $0 Category Total Additional Revenue $0 Total Housing Fund Deposits for Project Area $2,746,139 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 DeL $166,478 $33,296 $33,296 $0 $0 $33,296 20.00% $0 Repayment $0 Category Total Additional Revenue $0 Total Housing Fund Deposits for Project Area $33,296 Agency Totals For All Project Areas: Gross Tax Calculated Amount Amount Amount Total % Cumulative Increment Deposit Allocated Exempted Deferred Deposited DeL $13,897,174 $2,779,434.8 $2,779,435 $0 $0 $2,779,435 20% $0 Total Additional Revenue from Project Areas $0 Total Deferral Repayments. $0 Page 1 of 2 04125107 Caliliornia Redevelopment Agencies-Fiscal Year 200612007 Project Area Contributions to Low and Moderate Income Housing Fund Sch A Project Area Financial Information Total Deposit to Housing Fund from Project Areas, $2,779,435 Page 2 -of 2 04125/07 California Redevelopment Agencies-Fiscal Year 2006/2007 Status of Loan 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 $5,941,278 $2,779,435 $387,860 $872,220 $8,236,353 $2,265,411 $10,501,764 $0 $8,236,353 $0 $8,236,353 Expenses Planning and Property Total Administration Acquisition Costs 2006/200 $174,220 $698,000 $872,220 *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 04125107 California Redevelopment Agencies- Fiscal Year 200612007 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNT►NGTON BEACH RDA Beginning Balance $5,912,678 Adjustment to Beginning Balance $28,600 Adjusted Beginning Balance $5,941,278 Total Tax Increment From PAW $2,779,435 Total Receipts from PA(s) $2,779,435 Other Revenues not reported on Schedule A $387,860 Sum of Beginning Balance and Revenues $9,108,573 Expenditure Item Subitem Amount Remark Planning and Administration Costs Administration Costs $119,014 Professional Services $55,206 Subtotal of Planning and Administration Costs $174,220 Property Acquisition Land Purchases $698,000 Subtotal of Property Acquisition $698,000 Total Expenditures $872,220 Net Resources Available $8,236,353 Indebtedness For Setasides Deferred $0 Other Housing Fund Assets Category Amount Remark RAF Loans Receivable(all years) $731,313 Loan Receivable for Housing Activities $1,362,614 Other $171,484 Accounts Receivable and Due from Debt Service Fund Total Other Housing Fund Assets $2,265,411 Total Fund Equity $10,501,764 2002t2003 $1244613 2003(2004 $1819674 sum of 4 Previous Years'Tax 31rior Year Ending Unencum, Excess Surplus for 200V2005 $1909236 Increment for 200612007 2006(2007 Page 1 of 3 04t26107 California Redevelopment Agencies- Fiscal Year 200612007 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH RDA 200512006 $2301008 $7274531 $5,902,864 $0 Sum of Current and 3 Previous Years'Tax Increments $8,809,353 Adjusted Balance $8,236,353 Excess Surplus for next year $0 Net Resources Available $8,236,353 Unencumbered Designated $0 Unencumbered Undesignated $8,236,353 Total Encumbrances $0 Unencumbered Balance $8,236,353 Unencumbered Balance Adjusted for Debt Proceeds $0 Unencumbered Balance Adjusted for Land Saes $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 0 4 0 4 Health and Safety Hazard 0 0 0 0 Land Held for Future Development Site Name Num Of Zoning Purchase Estimated Acres Date Start Date Remark Use of the Housing Fund to Assist Mortgagors Income Adjustment Factors I� I Requirements Completed Home $ � Hope Non Housing Redevelopment L Funds Usage Page 2 of 3 O4126107 California Redevelopment Agencies- Fiscal Year 2006✓2007 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail HUNTINGTON BEACH RDA LM►HF De Document Document Custodian Custodian Copy Name Date Name Phone Source Achievements Description Page 3 of 3 04126107 California Redevelopment Agencies-Fiscal Year 2006✓2007 Sch D General Project information HUNTINGTON BEACH RDA Project Area Name: HUNTINGTON BCH REDEV PRJCT(MRGED) Project Name: Colettes Childrens Home 2 Address: 7881 Glencoe Ave Huntington Beach 92647 Owner Name: Co►ettes Childrens Home a California nonprofit corporation SPECIAL NEEDS UNITS- - - - - - - - - - ---- - - -- - - - - - --- - - --- - - - - - ----- - - - --- - - Category Sub Category Count Special Need Unit Special Needs 4 Special Need Unit Female Head Of Household 4 Special Need Unit Transitional Housing 4 PROJECT FUNDING SOURCE- - - - --- - - - - - - - - - - - ----- - - - - - - - - - - - ----- ---- - Funding Source Amount Redevelopment Funds $545,000 Federal Funds $414,350 Page 1 of 2 04126107 California Redevelopment Agencies-Fiscal Year 200612007 Sch D General Project Informadon HUNTINGTON BEACH RDA Page 2 of 2 04126107 RCA ROUTING SHEET INITIATING DEPARTMENT: Economic Development SUBJECT: Receive and File: 2005-2006 State Controller Report COUNCIL MEETING DATE: June 4, 2007 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 Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorne ) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over$5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached ❑ Not Applicable 23 Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Deputy City Administrator Initial City Administrator Initial City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: Only)(Below Space For City Clerk's Use RCA Author: Terri King