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MINUTES - 01172012 - SD.7 (2)
PDF Return SD.7 To: From: Julie Enea, County Administrator Date: January 17, 2012 Contra Costa County Subject:Redevelopment Agency Budget, FY 2011/12 and Successor Agency Issues APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 01/17/2012 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Gayle B. Uilkema, District II Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor Contact:Steve Goetz 925-335-1240 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: January 17, 2012 David Twa, BY:June McHuen , Deputy RECOMMENDATION(S): 1. ADOPT Resolution No. 2012/22 approving the FY 2011/12 Redevelopment Agency Annual Budget (See Attachment); conditionally authorizing the Successor Agency to borrow funds from County Special Revenue Funds to pay a portion of its debt service obligations; and authorizing the Redevelopment Agency (RDA) to pay debt service on certain RDA bonds from surplus bond loan funds; 2. APPROVE and ADOPT, pursuant to Health and Safety Code Sections 34167(h), an amended Enforceable Obligation Payment Schedule (see Attachment) containing all of the obligations which the RDA has determined are enforceable obligations under Health and Safety Code Section 34167(d), and reserving the RDA's rights to recognize and perform these obligations without regard to the provisions of Health and Safety Code Section 34169(i); and RECOMMENDATION(S): (CONT'D) 3. AUTHORIZE the RDA's Executive Director, or the Executive Director's designee, to post the amended Enforceable Obligation Payment Schedule on the RDA and the County's websites and to take such other actions and execute such other documents as are appropriate to effectuate the intent of this Resolution and to implement the Enforceable Obligation Payment Schedule on behalf of the RDA. FISCAL IMPACT: No General Fund revenues are involved. BACKGROUND: On September 27, 2011 your Board, acting as the Contra Costa County Redevelopment Agency (RDA), requested County staff to report to the Finance Committee on actions needed to continue redevelopment activities under the Voluntary Alternative Redevelopment Program. On December 12, 2011 County staff reported to the Finance Committee on a budget for the RDA which would enable it to continue operation under the Voluntary Alternative Redevelopment Program. The Finance Committee recommended that the budget be approved by the RDA. The annual Continuation Payment to the County Auditor was subject to the California Supreme Court lifting the stay on the RDA’s powers and finding both the Dissolution Act and the Voluntary Alternative Redevelopment Program to be constitutional. On December 29, 2011, the California Supreme Court only found the Dissolution Act constitutional. The statute authorizing the Voluntary Alternative Redevelopment Program was found to be unconstitutional. All redevelopment agencies will cease to exist as of February 1, 2012. At that time, the County Board of Supervisors will become the Successor Agency with the responsibility to wind down the activities of the County RDA, under the direction of an Oversight Board. The Board of Supervisors will also become the Successor Housing Agency and assume the housing functions of the former RDA and receive all housing-related assets of the RDA. Please be aware that a companion Board Order is on the January 17, 2012 agenda to reaffirm the Board’s desire to become the Successor Agency. The budget proposed by Resolution No. 2012/22 has been revised from what was approved by the Finance Committee in order to respond to the Supreme Court decision to dissolve redevelopment agencies. The Resolution will accomplish the following: 1. Funds administration of the RDA for Fiscal Year 2011/12. Expenses shown in the budget are for the full 12- month period. The revenue that remains after the RDA dissolves will be transferred to the Successor Agency. The RDA staffing is provided by the Department of Conservation and Development and involves about 4.5 full-time equivalent permanent employees plus 1.3 full-time equivalent contract staff. The impact of the RDA’s dissolution on Department staffing will be evaluated in February. The Department will provide support to the Successor Agency. The annual budget for administrative costs of the Successor Agency can be an amount up to five percent of the property tax allocated to the Successor Agency for FY 2011/12 and up to three percent of the property tax allocated to the Successor Agency each succeeding fiscal year; provided, however, that the annual amount is not less than $250,000 for any fiscal year. The Board will receive a more complete report on the finances for the Successor Agency at a future Board meeting. 2. Funds payment of enforceable obligations of the RDA. Until February 1, 2012 (when the RDA is dissolved), a RDA is authorized to make scheduled payments on and perform obligations required under its Enforceable Obligations Payment Schedule (EOPS). “Enforceable Obligations” include: • Bonds; • Loans borrowed by a RDA; • Payments required by federal or state government or for employee pensions; • Judgments or settlements; • Legally binding agreements or contracts; and • Contracts for administration or operation of the RDA. On August 9, the RDA adopted its EOPS for the period from September 1 to December 31, 2011. The budget will require an amendment to the EOPS to include the month of January 2012, to enable (among other things) the RDA to make its February 1, 2012 debt service payment prior to dissolution. That action is included with this Board Order. This budget includes debt service payments due August 1, 2011, February 1, 2012, and August 2012. Even though August 2012 is after the end of Fiscal Year 2011/12, it was included in the budget to help plan for this future debt service payment as the RDA’s obligations are transferred to the Successor Agency. 5. Authorizes use of excess bond proceeds to pay debt service on bonds. Last year, the RDA authorized use of excess bond proceeds to pay a portion of debt service in four of the five project areas due to declining tax increment revenue. Tax increment revenue has not changed significantly for these project areas. This budget recommends use of excess bond proceeds to help pay debt service on bonds for FY 2011/12. 6. Funds the debt reduction program. On October 4, 2011 your Board, acting as the RDA, authorized implementation of a debt reduction program. This program involves the purchase, redemption or defeasance of approximately $21 million in unspent bond proceeds. The budget implements this program and should result in lower debt service payments in future years. 7. Conditionally authorizes a loan to pay debt service costs. The Project Area budgets for Bay Point and Montalvin Manor show that available revenues are inadequate to fully cover debt service for capital bonds scheduled for payment on August 1, 2012. This cash flow problem is a result of declining tax increment and the desire to retire outstanding loans for these project areas before the RDA dissolves. The budget proposes that the County loan the Successor Agency funds from the County Special Revenue Accounts (non-General Fund revenue) to cover these deficits. The resolution requires that these loans be approved by a separate action of the Board of Supervisors. This provides an opportunity for the Successor Agency and the Oversight Board to confer on how best to resolve the projected deficit. An alternative solution for the deficit would be to defer pass-through payments to other taxing entities. Pass- through payments are subordinate to debt service payments. Please be aware that County staff is still evaluating the applicability of the Dissolution Act on the status of contracts and agreements the RDA has with various parties. This work may result in the need for a further amendment to the EOPS. Also, the RDA must prepare a preliminary draft of the initial Recognized Obligation Payment Schedule and deliver such a schedule to the Successor Agency for use in identifying tax increment needed for the former RDA obligations after February 1, 2012. County staff will report on these activities at a future Board meeting. Finally, the California Redevelopment Association and the Non-Profit Housing Association are working with Senate President Pro Tempore Steinberg on Senate Bill 654 which includes language to clarify the process for the unwinding of redevelopment agencies and the transfer of their assets to successor agencies. This legislation is intended to preserve for affordable housing the roughly $2 billion in outstanding balances in the Low and Moderate Income Housing funds maintained by redevelopment agencies throughout the state. The Senate Transportation and Housing Committee will hold a hearing on January 10th to review this draft legislation. Other redevelopment advocates are seeking to pass legislation to delay the February 1st dissolution date by one month. County staff will provide an update to the Board at the next Board meeting. CONSEQUENCE OF NEGATIVE ACTION: If the budget is not adopted, the RDA will not be in compliance with California law, and among other things, would not be authorized to fund the financial obligations of the RDA in FY12. CHILDREN'S IMPACT STATEMENT: There are no expenditures directed specifically to children. CLERK'S ADDENDUM ADOPTED the recommendations as presented; and DIRECTED the Finance Director to provide the Board with regular updates. AgendaQuick©2005 - 2021 Destiny Software Inc., All Rights Reserved Contra Costa County Redevelopment Agency Budget – FY 2011/12 Considered on January 17, 2012 Pursuant to California Community Redevelopment Law (Health and Safety Code Section 33606) all redevelopment agencies are required to adopt an annual budget containing specific information. This budget fulfills the requirement of Redevelopment Law, and establishes a framework for implementation of the projects and programs of the Contra Costa County Redevelopment Agency in Fiscal Year 2011/12. This budget presentation contains the following sections: 1. Introduction and Overview 2. Project Area Budgets including: • Sources and Uses Budget • Project Descriptions • Summary of Indebtedness 3. Work Program for Fiscal Year 2012 including: • Project Area Goals and Objectives • Achievements in Fiscal Year 2011 4. Blight Progress Report 5. Loan Status Report 6. Property Status Report 7. Time Limit Expirations G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Budget.Message.cover page.1-9-12.doc Page 1 of 36 SECTION 1 -- INTRODUCTION AND OVERVIEW This budget reflects the Supreme Court action on the Redevelopment Restructuring Acts of 2011 which significantly modified California Community Redevelopment Law: ABx1 26 (the Dissolution Act) and ABx1 27 (the Voluntary Program Act). The Dissolution Act immediately suspends all new redevelopment activities and incurrence of indebtedness, and dissolves redevelopment agencies. The Voluntary Program Act then allows redevelopment agencies to avoid dissolution under the Dissolution Act by opting in to an “alternative voluntary redevelopment program”. This Voluntary Program requires annual contributions to local schools and special districts. A lawsuit was filed directly with the California Supreme Court to accelerate the ultimate court decision and included a request that the Court issue a “stay” or injunction to prevent specified aspects of the RRA from being operative pending the final court decision on the merits of the lawsuit. On December 29, 2011, the California Supreme Court only found the Dissolution Act constitutional. The statute authorizing the Voluntary Alternative Redevelopment Program was found to be unconstitutional. All redevelopment agencies will cease to exist as of February 1, 2012. At that time, the County Board of Supervisors will become the Successor Agency with the responsibility to wind down the activities of the County RDA, under the direction of an Oversight Board. The Board of Supervisors will also become the Successor Housing Agency and assume the housing functions of the former RDA and receive all housing-related assets of the RDA. The total budget for the Contra Costa County Redevelopment Agency is approximately $76.2 million. The Redevelopment Agency is undertaking over 60 budgeted projects/programs, while utilizing less than three percent of total is for administration. The Agency budget has been portrayed visually in the following three charts: 1) Chart A – Agency Budget by Project Type 2) Chart B – Agency Budget by Project Area 3) Chart C – Agency Budget by Revenue Source Expenses shown in the budget include staffing for a full 12-month period. The revenue that remains after the Agency dissolves will be transferred to the Successor Agency. A unique aspect for this budget is to include the August 2012 debt service payments which will occur after the fiscal year ends on June 30. This was provided to help plan for debt service obligations as they are transferred from the Agency to the Successor Agency. Similar to the County most of the County’s redevelopment areas have incurred a significant loss of property tax base due to the housing and mortgage foreclosure issues. From Fiscal Year 2007-08 to Fiscal Year 2011-12 the Agency’s annual tax increment income has dropped in four of the five Project Areas. The table below and Chart D—Tax Increment History by Project Area--reflects the severity of the deterioration: Project Area Revenue Change – FY 08 to FY 12 Contra Costa Centre plus 40.9% North Richmond minus 21.1% Bay Point minus 53.9% Rodeo minus 21.1% Montalvin Manor minus 81.1% Page 2 of 36 The Agency identified a deteriorating revenue base as an issue in FY 2008 and began making administrative changes to mitigate the impact. Most notable were the preservation of capital in a future debt service reserve fund, and the reduction of tax increment devoted to pay-as-you-go style programs. These actions gave the Agency some flexibility to manage its fiscal affairs in difficult times. The severity of the downturn in revenue for the Bay Point and Montalvin Manor project areas in particular has been far in excess of worst-case scenarios incorporated into previous budget planning. In FY11, the Agency budgeted bond proceeds to meet a portion of the annual debt service requirement in four of the five project areas experiencing declines in assessed value. Efforts to manage annual income continue, however the State of California take of redevelopment revenue added stress to the Agency’s financial position. The State took an aggregate of $2.05 billion statewide in redevelopment revenue for FY2009-10 and FY2010-11. The Agency’s share of this revenue shift was $6.3 million in FY2009-10 and $1.3 million in FY2010-11, funds the Agency was intending to use to mitigate revenue loss, thereby further stressing to the Agency’s financial position going forward. In order to manage through this significant drop in annual revenue, this budget is proposing additional cuts in certain projects and programs in acknowledgment of the Dissolution Act and will continue to utilize bond proceeds to meet a portion of the annual debt service requirement in four project areas. In addition, a Debt Reduction Program involving the purchase, redemption or defeasance of unspent bond proceeds is underway. The program will result in the reduction of approximately $21.1 million in debt. Using this approach should assist the Agency’s successor agency to fulfill its anticipated debt service requirement. The one exception to this is the Bay Point project area, which has experienced significant tax base loss and a significant debt service load. This budget anticipates the need for a loan from the County in order to meet its August 2012 debt service obligation. Another alternative includes the possible deferment of pass-through payments to other taxing entities. This issue will need to be foremost on the agenda of the Successor Agency and Oversight Board as the wind down the activities of the Agency. Pursuant to state law, the Blight Progress Report, Loan Status Report, Property Status Report, and Time limit Expirations were transmitted to the Redevelopment Agency Board on December 30, 2011 Page 3 of 36 A. Agency Budget by Project Type Transfer to Successor Agency, $8,237,965 Special Revenue Account Reimbursement, $5,545,840 Bond Redemption, Defeasance, $21,919,120 Debt Repayment, $14,214,340 Pay to Others, $2,606,500 Administration, $2,111,020 Planning, $772,689 Housing, $4,962,076 Capital Projects, $16,845,444 Economic Development, $3,229,029 Community Improvementt, $2,366,848 B. Agency budget by Project Area North Richmond $20,983,378 Bay Point $13,803,295 Rodeo $15,843,119 Montalvin Manor $2,430,133 Contra Costa Centre $24,873,154 C. Agency Budget by Revenue Source Tax Increment, $32,743,761 Bonds, $39,495,556 Other, $5,693,762 D. Tax Increment History By Project Area $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 Contra Costa Centre North Richmond Bay Point Rodeo Montalvin FY 08 FY 09 FY 10 FY 11 FY 12 Page 5 of 36 SECTION 2 – PROJECT AREA BUDGETS Page 6 of 36 1/10/2012 I CONTRA COSTA CENTRE REDEVELOPMENT PROJECT AREA A. Revenues/Expenses FY 11/12 Revenues and proposed expenditures are as shown: Tax Increments Bond Proceeds Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL Payments to Other Agencies Property Tax Admin Charge $83,000 $83,000 Fiscal Agreements/33676 Payments $745,000 $745,000 Debt Service Bonded Indebtedness - Capital Projects $3,738,925 $3,738,925 Aug. 2012 Bonded Indebtedness - Capital $2,446,965 $2,446,965 Special Revenue Account Debt Repayment $1,498,294 $391,008 $1,889,302 # Capital Projects Hookston Station Business Relocation $820,000 $820,000 Placemaking - Civic Use/Bike Station $200,000 $200,000 Placemaking - Station Enhancements $725,000 $725,000 Infrastructure Upgrades/Renovations $250,000 $250,000 Hookston Station HazMat Remediation $200,000 $200,000 Swap T.I. funds for N. Richmond TAB proceeds $1,915,653 $1,915,653 Property Holding Costs $10,000 $10,000 Walden 2 Remediation $55,000 $55,000 Unallocated Capital Funds $19,209 g $19,209 Community Improvement Programs Walden Green Phase I Upgrades $25,000 $25,000 Tri-City Remediation $105,000 $105,000 Resident Deputy $80,000 $80,000 Child Care Facility Fund $607,518 f $607,518 Economic Development Activities Marketing Program $30,000 $30,000 Housing Projects/Programs Park Regency Financial Assistance $550,000 $550,000 BRIDGE Housing Financial Assistance $100,000 $100,000 Avalon Walnut Creek Financial Assistance $500,000 $775,000 $1,275,000 Pre-Development - 1250 Las Juntas Way $75,000 $75,000 Planning Activities Transit Village Financial/Technical Consultants $100,000 $100,000 Administration $920,000 h $920,000 Transfer to Successor Agency $1,041,577 $38,669 ## $1,080,246 TOTALS $15,489,414 a $1,891,008 b $38,669 c $0 c $626,727 $18,045,818 a: Capital Funds include Annual Increment $6,725,382 Fund Balance $4,383,319 Unencumbered TI $1,915,653 Interest earnings $39,632 Debt Service Fund Balance $2,425,428 Reimbursement from CFD $0 Total Capital Funds $15,489,414 $0 b: Housing Funds include Annual Increment $1,643,718 Fund Balance $241,101 Interest earnings $6,189 Total Housing Funds $1,891,008 c: Bond Proceeds Capital Project Proceeds $38,669 Housing Project Proceeds $0 Total Bonds $38,669 d: Additional encumbrances available for expenditure, but not listed in the budget are: Bond Bond Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL Iron Horse Trail Overcrossing $308,077 $1,556,660 i $1,864,737 Placemaking - BART Transit Village $683,950 $675,748 $1,359,698 Placemaking - Station Enhancements (l)$1,450,989 $1,492,500 j $2,943,489 Infrastructure Upgrades/Renovations (m)$996,342 $996,342 BART Replacement Parking Garage (m)$196,573 $196,573 Transit Village Construction Inspector - Harris $42,480 $42,480 TDM Capital Improvements $35,000 $35,000 Hookston Remediation $134,496 $134,496 Project Navigator $17,606 $17,606 Iron Horse Business Relocation - ARWS $8,077 $16,923 k $25,000 Walden Green Phase II $426,485 $500,000 n $926,485 Wayfinding Consultant - Sasaki (m)$18,317 $18,317 Wayfinding - CCC PW (m)$504,526 $504,526 Transit Village Town Architect - Opticos $13,500 $13,500 Transit Village Financial Consultant - AD Kotin $40,000 $40,000 1250 Las Juntas Predevelopment - KMA $60,000 $60,000 Total Encumbered $975,109 $60,000 $4,577,057 $0 $3,566,083 $9,178,249 e: Cash balances as of 06/31/11 are: $16,464,523 $1,951,008 $4,615,726 $0 f: County child care facilities program funds held by the RDA. g: All or part from Pleasant Hill BART Specific Plan fees, which total: 19,029 (County Fee Account) + 0 (Mello Roos Proceeds) = $19,029. h: Includes salaries, benefits, DCD overhead, space rent, and RDA contracts for administrative services outside of DCD. i: TEA 21 25% Funds--$32,825; Other Federal Funds--$1,523,835 j: Proceeds from the sale of Developer Fee Credits pursuant to BART Transit Village DDA. k: Specific Plan fees. l: No TI to be used for this contract. Swap $199,895 of encumbered CCC tax increment revenue for Tax Allocation Bond (TAB) proceeds from N. Richmond. m: No TI to be used for this contract. Swap encumbered CCC tax increment revenue for Tax Allocation Bond (TAB) proceeds from N. Richmond. n: County Park Dedication Funds file name: G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Sources & Uses\s&U CCCentre.FY12.1-5-12.xls B. PROJECT DESCRIPTION: CONTRA COSTA CENTRE AREA 1. Payments to Other Agencies: Pass-thru payments to taxing agencies pursuant to approved Fiscal Agreements; payments to taxing agencies pursuant to Section 33676 of Health and Safety Code; and charges of the County Auditor-Controller for property tax administration 2. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness, including the first debt payment in FY 12/13. Includes funds to retire the debt the Agency owes to the County Special Revenue Account for prior affordable housing and redevelopment initiatives. 3. Hookston Station Business Relocation Program: Funds to cover relocation expenses of a business necessary to install the Iron Horse Trail between Hookston and Mayhew. 4. Placemaking – Civic Use/Bicycle Station: Funds for construction of the civic use and bicycle station to be part of the BART Transit Village project. 5. Placemaking – Station Enhancements: Funds to visually improve the appearance of the existing BART Station and bus intermodal. 6. Infrastructure Upgrades/Renovations: Capital improvements to enhance alternative mode (pedestrian, bicycle, car sharing, transit) access to the Station Area, pedestrian gap closures, signage, crossings, and landscape replacement are prospective projects. 7. Hookston Station Hazardous Materials Remediation: Hazardous materials remediation associated with a County-owned/Agency-financed property in the Hookston Station area. Implements the obligations of a 1997 Settlement Agreement to which the Agency and the County are a party. 8. Swap Tax Increment from Contra Costa Centre for tax allocation bond revenue from North Richmond. 9. Property Holding Costs: Special assessments, special taxes, and property maintenance on Agency held property. 10. Walden 2 Remediation: Costs associated with testing and remediation of hazardous materials from the Walden 2 site. 11. Unallocated Capital Funds: Pleasant Hill (Contra Costa Centre) Specific Plan fees (County Fee Account). 12. Walden Green Phase I Upgrades/Construction: Enhancements to improve the efficiency of landscape maintenance and irrigation associated with Walden Green I between Treat Blvd and the Coggins turn. 13. Tri-City Remediation: Funds to clear the site of a former industrial use. Includes testing and remediation (if necessary) and securing the site. 14. Resident Deputy: Funds to maintain a full-time Resident Deputy in the Contra Costa Centre area. The funding will permit continued efforts addressing vandalism, car-theft, and construction site security. Funds will match Contra Costa Centre funds on a 40% basis. 15. Child Care Facility Fund: County child care program funds available for child care facility construction and/or expansion. Page 8 of 36 16. Marketing Program: Preparation of a marketing program to enhance the image of and to stimulate economic development activities at Contra Costa Centre. 17. Park Regency Financial Assistance: Contractually obligated payment to Park Regency owner for affordable housing. 18. BRIDGE Housing Financial Assistance: Contractually obligated payment to Coggins Square for affordable housing. 19. Avalon Walnut Creek Housing Assistance: Contractually obligated payment to the Avalon Walnut Creek owner pursuant to an approved Financial Assistance Agreement approved by the Redevelopment Agency on June 14, 2005, and amended on January 22, 2008. 20. Pre-Development-1250 Las Juntas Way: Pre-development expenses related to identification of a development type, developer, and plan of finance for conversion of this Agency owned property to a residential use with an affordable housing component. 21. Transit Village Financial/Technical Consultants: Economic, real estate, construction, and legal consulting costs associated with perfecting and implementing Agreements with BART and the BART Transit Village developer. 22. Administration: Salaries, services, supplies, and equipment in support of project implementation. 23. Transfer to Successor Agency: Unallocated funds to be transferred to the Successor Agency. PROJECTS WITH ENCUMBERED REVENUES 1. Iron Horse Trail Overcrossing: Funds to complete the construction of Iron Horse Trail pedestrian/bicycle overcrossing of Treat Boulevard. 2. Placemaking -- BART Transit Village: Funds for construction of the placemaking improvements, including parks, plazas, street furniture, specialized lighting, and appointments, and open space for the Transit Village project on the BART property. 3. Placemaking -- Station Enhancements: Funds to visually improve the appearance of the existing BART Station and bus intermodal. 4. Infrastructure Upgrades/Renovations: Capital improvements to enhance alternative mode (pedestrian, bicycle, car sharing, transit) access to the Station Area, pedestrian gap closures, signage, crossings, and landscape replacement are prospective projects. 5. BART Replacement Parking Garage: Funds to close-out the construction financing of the BART patron replacement parking structure. 6. Transit Village Construction Inspector: Construction inspection services related to BART parking garage and BART Transit Village Backbone and Placemaking improvements; 7. TDM Capital Improvements: Funds for capital improvements associated with the Contra Costa Centre Associations’ Transportation Demand Management Program. Page 9 of 36 8. Hookston Remediation: The RDA is financing the County/Agency contribution toward remediation of hazardous materials associated with a County owned/RDA financed property in the Hookston Station. . 9. Project Navigator: Funds for a third-party administrator of Hookston Remediation funds jointly contributed by the Agency, Union Pacific Railroad, and the Helix Group. 10. Iron Horse Corridor Business Relocation: Relocation services associated with Hookston Station business relocation. 11. Walden Green Phase II: Further development of Walden Green on Iron Horse Corridor between Mayhew Road and the Coggins turn. 12. Wayfinding-Consultant services for the design of the area-wide wayfinding program. 13. Wayfinding-PW- Public Works design, engineering and construction costs for the wayfinding program. The wayfinding program is to enhance signage to assist pedestrians and visitors in navigating to their destination. 14. Town Architect: Opticos Design has been retained as the Transit Village Town Architect. 15. Transit Village Financial Consultant: A.D. Kotin has been retained as the Transit Village Financial Consultant. 16. 1250 Las Juntas Predevelopment: Financial advisory services related to 1250 Las Juntas Way developer selection process. C. INDEBTEDNESS – CONTRA COSTA CENTRE AREA As of June 30, 2011 the Agency has approximately $308.9 million in debt. The major elements of Agency debt for the Contra Costa Centre Area are: • $92.7 million in principal and interest due on Tax Allocation Bonds issued in 1999, 2003, and 2007. • $64.8 million Low and Moderate Income Housing. • $3.7 million for infrastructure improvements • $53.8 million in contractually obligated fiscal agreements • $49.3 million in contractual obligated housing assistance. • $.3 million for administrative services and professional services. • $40.8 million for professional services and contracts; • $2.4 million in loans from the County for affordable housing initiatives • $1.1 million in obligated childcare projects G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Project Descriptions-Indebtedness\CCCentreProjectdescription.indebtedness.FY12.1-9-12doc.doc Page 10 of 36 1/10/2012 II NORTH RICHMOND REDEVELOPMENT PROJECT AREA A. Revenues/Expenses FY 11/12 Revenues and proposed expenditures are as shown: Tax Increments Bond Proceeds Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL Payments to Other Agencies Property Tax Admin Charge $16,500 $16,500 Fiscal Agreements/33676 Payments $257,600 $257,600 Debt Service Bonded Indebtedness - Capital Projects $750,807 $114,193 $865,000 Bonded Indebtedness - Housing Projects $315,000 $0 $315,000 Aug 2012 Bonded Indebtedness - Capital $573,635 $573,635 Aug 2012 Bonded Indebtedness - Housing $193,445 $193,445 Bond Redemption, Purchase & Defeasance Prog.$8,037,126 $673,109 $8,710,235 Special Revenue Account Debt Repayment $1,892,229 $29,457 $1,921,686 Capital Projects Swap for TAB proceeds for CCC Tax Increment $1,915,653 $1,915,653 Community Improvement Programs Abatement Attorney - County Counsel $9,500 $9,500 $19,000 Resident Deputy Program $148,500 $148,500 Property Holding Expenses $30,000 $30,000 Economic Development Activities Enterprise Zone Application $50,000 $50,000 Housing Projects/Programs Homebuyer Resale Revolving Fund $209,000 $209,000 Community Preservation $15,000 $15,000 Heritage Point Land Assembly $650,000 $650,000 Heritage Point Predevelopment $75,000 $75,000 Las Deltas Feasibility $40,000 $40,000 Housing Development Fund $1,303,204 Planning Activities Administration $571,020 f $571,020 $0 Transfer to Successor Agency $1,866,174 $881,123 $0 $422,081 $3,169,378 TOTALS $6,815,965 a $1,767,525 b $10,066,972 c $1,095,190 c $0 $19,745,652 a: Capital Funds include Annual Increment $1,512,210 Fund Balance $2,920,923 Liquidated encumbrances $13,519 g CCC TI swap $1,915,653 Debt Service Fund Balance $439,308 Interest earnings $14,352 Total $6,815,965 $0 b: Housing Funds include Annual Increment $313,665 Fund Balance $1,289,882 Debt Service Fund Balance $157,902 Interest earnings $6,076 Total $1,767,525 $0 c: Bond Proceeds Capital Project Proceeds $10,066,972 Housing Project Proceeds $1,095,180 Total $11,162,152 d: Additional encumbrances available for expenditure, but not listed in the budget are: Bond Bond Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL PW - 3rd Street Enhancements $51,677 $51,677 PW - Market Ave Sidewalk $21,478 $21,478 Heritage Point Predevelopment $131,700 $131,700 Relocation Consultant - Overland Pacific $10,513 $10,513 Craig Communication $450 $450 GPA Planning Consultant - WRT $95,896 $95,896 North Richmond Area Infrastructure $1,240,000 h $900,000 i $2,140,000 PW - Truck Route $132,232 $132,232 CHDC Commercial Rehabilitation $150,000 $150,000 Total Encumbered $246,346 $131,700 $1,445,387 $10,513 $900,000 $2,733,946 e: Cash balances as of 06/30/11 are: $7,062,311 $1,899,225 $11,512,359 $1,105,693 f: Includes salaries, benefits, DCD overhead, space rent, and RDA contracts for administrative services outside of DCD. g. Terminate Craig Communications contract and reprogram tax increment. h: CCC PW contract balance = $2,905,902. Budget remander of funds for Bond Redemption, Puchase & Defeasance Program. i: Public Works AOB funds \\fs-cd\groups\CDBG-REDEV\Redev\Budget\FY.12.Budget\Sources & Uses\S&U.NRichmond.FY12.1-5-12.xls B. PROJECT DESCRIPTION: NORTH RICHMOND 1. Payments to Other Agencies: Pass-thru payments to Taxing Agencies pursuant to approved Fiscal Agreements; payments to taxing agencies pursuant to Section 33676 of Health and Safety Code; and charges of the County Auditor-Controller for property tax administration. 2. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness, including the first debt payment in FY 12/13. Includes funds to retire the debt the Agency owes to the County Special Revenue Account for prior affordable housing and redevelopment initiatives. 3. Bond Redemption Purchase & Defeasance Program: Unspent bond proceeds allocated to retire outstanding bonds. 4. Swap tax increment from Contra Costa Centre for Tax Allocation Bond (TAB) revenue from North Richmond. 5. Unallocated Capital Funds: Capital funds reserved for future designation including, but not limited to, drainage improvements North of Parr Boulevard, roadway overlays, widening and reconstruction improvements, Market Avenue pedestrian over crossing, 7th Street extension, and Fred Jackson Way - Goodrick realignment. 6. Abatement Attorney – County Counsel: A pro-rata share of County Counsel expenses for an attorney devoted solely to code enforcement activities. 7. Abatement Revolving Loan Fund: Revolving funds for abatement of structures which pose health and safety standards. Money may be combined with other funds to facilitate structural enhancements. 8. Resident Deputy: Funds to continue partially supporting two Resident Deputy positions exclusively for the North Richmond community. One position will enhance law enforcement activities in and around the issues of illegal dumping, graffiti abatement and the surveillance of private development sites, while the second position will focus on litter and trash abatement. 9. Property Holding Expenses: Maintenance of Agency owned properties 10. First Source Capacity Building: Administrative support for the development of the First Source Hiring Program linking community residents with local employment opportunities from NR businesses. 11. Enterprise Zone Application: Funds to apply for the State of California’s Enterprise Zone Designation for fiscal year 2012. It is anticipated that the application would be jointly submitted with the City of Richmond. 12. Homebuyer Resale Revolving Fund: Recaptured housing funds to facilitate scattered site development, affordable housing, and first time homebuyer programs. 13. Community Preservation (Acquisition of foreclosed homes): Costs associated with the acquisition/renovation of foreclosed homes in North Richmond. Program may work in coordination with the Neighborhood Stabilization Program. 14. Heritage Point Land Assembly: Funds for land acquisition of six contiguous sites along the eastern portion of Fred Jackson Way, the North Richmond Town Center 15. Heritage Point Predevelopment: Funds to begin market studies, preliminary design, and other predevelopment activities for the 2nd Phase of the North Richmond Town Center. Page 12 of 36 16. Las Deltas Feasibility Study, Phase II: Funds to support the second phase of the Housing Authority’s feasibility study and revitalization plan for the 224-unit Las Deltas Public Housing Development. 17. Administration: Salaries, services, supplies and equipment in support of project implementation. 18. Transfer to Successor Agency: Unallocated funds to be transferred to the Successor Agency. PROJECTS WITH ENCUMBERED FUNDS: 1. Fred Jackson Way Enhancements: Improvements to Fred Jackson Way. 2. Market Ave Sidewalk: Funds for infrastructure and pedestrian improvements along Market Avenue to be completed by the County Public Works Department. 3. Heritage Point Predevelopment: Funds to begin market studies, preliminary design, and other predevelopment activities for the 2nd Phase of the North Richmond Town Center. 4. Relocation Consultant: Funds to continue providing relocation services for Heritage Point property owners and/or tenants. 5. Craig Communications: Funds to support public outreach for the General Plan Amendment/North Richmond Specific Plan. 6. GPA Planning Consultant: Funds to continue implementing the General Plan Amendment/North Richmond Specific Plan and related EIR. 7. North Richmond Area Infrastructure: Funds to initiate a comprehensive infrastructure improvement plan for the North Richmond area. 8. Truck Route Implementation: Funds for additional studies, preliminary engineering, environmental clearances, right-of-way acquisition, and the Precise Alignment identified in the recently completed Truck Route Planning program. 9. CHDC Commercial Rehabilitation: Tenant improvement funds to complete renovations to Community Housing Development Corporation’s service delivery center. C. INDEBTEDNESS - NORTH RICHMOND The Agency has incurred approximately $78.6 million in debt as of June 30, 2011. The major elements include: • $31.6 million in principal and interest due on Tax Allocation Bonds issued in 1999, and 2007. • $4.5 million in contractually obligated fiscal agreements. • Approximately $3.0 million to the County for advances from the County Affordable Housing Trust Fund. • $20.1 million in Low and Moderate Income Housing Fund obligations. • $18.7 million for administrative services and contracted professional services • $.7 million for infrastructure improvements G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Project Descriptions-Indebtedness\NRProjectdescription.indebtedness.12.doc Page 13 of 36 1/9/2012 III BAY POINT REDEVELOPMENT PROJECT AREA A. Revenues/Expenses FY 11/12 Revenues and proposed expenditures are as shown: Tax Increments Bond Proceeds Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL Payments to Other Agencies Property Tax Admin Charge $17,100 $17,100 Fiscal Agreements/33676 Payments $918,400 $918,400 Debt Service Bonded Indebtedness - Capital Projects $776,000 $1,149,000 $0 f $1,925,000 Bonded Indebtedness - Housing Projects $500,000 $0 $500,000 Aug 2012 Bonded Indebtedness - Capital $581,816 $617,394 f $1,199,210 Aug 2012 Bonded Indebtedness - Housing $314,760 $314,760 Bond Redemption-Purchase & Defeasance Program $3,646,033 $2,415,756 $6,061,789 Special Revenue Account Debt repayment $15,272 $368,505 $383,777 Capital Projects Orbisonia Heights Assemblage/Relocation $300,000 $0 $300,000 $600,000 Community Improvement Programs Abatement Attorney $12,000 $12,000 Property Holding Costs $25,000 $25,000 Day Care-Improvement Fund $32,751 g $32,751 Economic Development Activities Housing Projects/Programs Youth Homes Predevelopment $175,000 $135,000 $310,000 Homebuyer Resale Transaction Costs $40,000 $40,000 Community Preservation (foreclosed homes) $25,000 $25,000 Planning Activities Administration $160,000 f $160,000 h Transfer to Successor Agency $0 $153,606 $0 $310,100 $463,706 h TOTALS $2,468,588 a $1,545,366 b $5,163,538 c $3,160,856 c $650,145 $12,988,493 a: Capital Funds include Annual Increment $1,761,404 Fund Balance -$8,501 Debt Service Fund Balance $704,210 Interest earnings $11,475 Total $2,468,588 b: Housing Funds include Annual Increment $286,232 Fund Balance $1,067,923 Debt Service Fund Balance $179,034 Interest earnings $12,177 Total $1,545,366 c: Bond Proceeds Capital Project Proceeds $5,163,538 Housing Project Proceeds $3,160,856 Total $8,324,394 d: Additional encumbrances available for expenditure, but not listed in the budget are: Bond Bond Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL BART Specific Plan Implementation $332,826 $332,826 Habitat for Humanity $193,606 $732,870 $926,476 Overland Pacific & Cutler - Orbisonia relocation $6,438 $0 $6,438 Total Encumbered $0 $193,606 $339,264 $732,870 $1,265,740 e: Cash balances of 6/30/11 are: -$8,501 $1,261,529 $5,502,802 $3,893,726 f: Loan from Special Revenue Acct., subject to separate board action after dissolving the RDA g: Childcare funds from EHSD to be transferred to County Childcare Fund h. Includes salaries, benefits, DCD overhead, space rent, and RDA contracts for administrative services outside of DCD. G:CDBG-REDEV/redev/budget/S&U-BayPoint.FY12.1-5-12.xls Page 14 of 36 B. PROJECT DESCRIPTION: BAY POINT 1. Payments to Other Agencies: Pass-thru payments to taxing agencies pursuant to approved Fiscal Agreements; payments to taxing agencies pursuant to Section 33676 of Health and Safety Code; and charges of the County Auditor-Controller for property tax administration. 2. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness, including the first debt payment in FY 12/13. Includes funds to retire the debt the Agency owes to the County Special Revenue Account for prior affordable housing and redevelopment initiatives. 3. Bond Redemption Purchase & Defeasance Program: Unspent bond proceeds allocated to retire outstanding bonds. 4. Orbisonia Heights Assemblage-BART Specific Plan Implementation: Advance acquisition of property within the Specific Plan area for the purpose of future transit oriented development. Also includes the costs associated with drafting an RFP for Development Zone 2 of the Specific Plan area. 5. Abatement Attorney – County Counsel: A pro-rata share of County Counsel expenses for an attorney devoted solely to code enforcement activities. 6. Property Holding Costs: Property maintenance costs including weed abatement, clean up, taxes, etc. 7. Day Care Improvement Fund: Funds from EHSD reserved for day care improvements. Funds will be transferred to the County Childcare Fund. 8. Youth Homes Pre-Development: Funds to cover predevelopment and land assemblage costs associated with the relocation of the Youth Homes Facility (previously located in the Orbisonia Heights Neighborhood of Bay Point) to an Agency owned property within Pittsburg/Bay Point BART Station Area Specific Plan. 9. Homebuyer Resale Transaction Costs: Costs associated with the acquisition, rehabilitation, and resale of deed restricted affordable homes in Bay Point. 10. Community Preservation (foreclosed homes): Costs associated with the acquisition/renovation of foreclosed homes in Bay Point. Program may work in coordination with the Neighborhood Stabilization Program. 11. Administration: Salaries, services, supplies, and equipment in support of project implementation. 12. Transfer to Successor Agency: Unallocated funds to be transferred to the Successor Agency. PROJECTS WITH ENCUMBERED REVENUES 1. Port Chicago Highway Flood Control Improvements: Project includes replacing the existing culvert at Anchor Drive and Port Chicago Highway and transition improvements upstream and downstream of the culvert. 2. BART Specific Plan Implementation-Infrastructure: Involves capital improvements associated with the implementation of the BART Specific Plan. Funds to use as match to grants awarded for the project. Page 15 of 36 3. Habitat for Humanity: Funds to assist Habitat for Humanity in the development of a for-sale affordable housing development. 4. Overland Pacific & Cutler-Orbisonia Heights Relocation Consultant services for the coordination of relocation of residents from the Orbisonia Heights neighborhood. C. INDEBTEDNESS - BAY POINT The Agency has incurred approximately $110.2 million in debt as of June 30, 2011, including: • $64.6 million in principal and interest on Tax Allocation Bonds issued in 1999, and 2007. • $24 million Low and Moderate Income Housing Funds. • $20 million contractual obligation pursuant to fiscal agreements. • $0.2 million in contractual obligation for infrastructure improvements • $0.7 million in administrative services and professional services contracts • Loans from County of Contra Costa totaling $.7 million G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Project Descriptions-Indebtedness\BPProjectdescription.indebtedness.12.doc Page 16 of 36 1/9/2012 IV RODEO REDEVELOPMENT PROJECT AREA A. Revenues/Expenses FY 11/12 Revenues and proposed expenditures are as shown: Tax Increments Bond Proceeds Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL Payments to Other Agencies Property Tax Admin Charge $16,600 $16,600 Fiscal Agreements/33676 Payments $534,000 $534,000 Debt Service Bonded Indebtedness - Capital Projects $704,025 $65,975 $770,000 Bonded Indebtedness - Housing Projects $198,581 $141,419 $340,000 August 2012 Debt Service Indebtedness-Capita $490,180 $490,180 August 2012 Debt Service Indebtedness-Housing $212,440 $212,440 Bond Redemption, Purchase & Defeasance Program $5,633,787 f $692,917 $6,326,704 Special Revenue Account Debt repayment $68,373 $1,000,000 $1,068,373 Capital Projects Façade Improvement Program Loans/Grants $25,213 g $25,213 Property Holding Costs $40,000 $2,970 h $42,970 Parker Ave. Capitalized Replacement $30,000 $30,000 Community Improvement Programs Abatement Attorney - County Counsel $9,500 $9,500 $19,000 Community Preservation $5,000 $5,000 Housing Projects/Programs Community Preservation Assistance (foreclosed homes) $453,019 $453,019 Town Plaza Mixed Use Development $0 $5,818 i $5,818 Administration $430,000 j $430,000 Transfer to Successor Agency $290,743 $911,906 $0 $2,239,893 $3,442,542 $14,211,859 $2,618,421 a $2,332,427 b $5,699,762 c $3,527,248 c $34,001 $14,211,859 a: Capital Funds Include:Annual Increment $1,445,300 Fund Balance $830,843 Debt Service Fund Balance $340,657 Interest earnings $1,621 Total $2,618,421 $0 b: Housing Funds Include:Annual Increment $317,760 Fund Balance $1,858,375 Debt Service Fund Balance $147,250 Interest earnings $9,042 Total $2,332,427 c. Bond Proceeds: Capital Project Proceeds $5,699,762 Housing Project Proceeds $3,527,248 Total $9,227,010 d: Additional encumbrances available for expenditure, but not listed in the budget are: Bond Bond Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL CCC PW - Parker Ave $54,026 $54,026 Parker Ave. Capitalized Replacement $40,000 $40,000 Downtown Infrastructure - CCC PW $1,144,000 k $1,144,000 Rodeo Creek Plan Implementation $4,492 $4,492 Waterfront Infrastructure - KMA $13,000 $13,000 Waterfront Infrastructure - Rodeo Sanitary $853,634 $853,634 HazMat Remediation - Rodeo Marina LLC $10,163 $10,163 Total Encumbered $63,163 $0 $2,056,152 $2,119,315 e. Cash Balances as of 06/30/11 are: $894,006 $1,858,375 $7,755,914 $3,527,248 f. A combination of unspent bond proceeds and reprogrammed encumberances. g. Façade Improvement Loan Program Revenue (RDA Funds on deposit with Mechanic's Bank) h: Rental/Lease revenue for 189 Parker Ave i. Donated funds for Town Plaza landscaping to be returned j. Includes salaries, benefits, DCD overhead, space rent and RDA contracts for administrative services outside of DCD. k. CCC PW contract balance is $4,665,590. TAB remaining after FY12 expenditure is budgeted for Bond Redemption, Puchase & Defeasance Program. G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Sources & Uses G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Sources & Uses\S&U-Rodeo.FY12.1-5-12.xls Page 17 of 36 B. PROJECT DESCRIPTION: RODEO 1. Payments to Other Agencies: Pass-through payments to taxing agencies pursuant to approved Fiscal Agreements; payments to taxing agencies pursuant to Section 33676 Health & Safety Code; and charges by the County Auditor-Controller 2. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness, including the first debt payment in FY 12/13. Includes funds to retire the debt the Agency owes to the County Special Revenue Account for prior affordable housing and redevelopment initiatives. 3. Bond Redemption Purchase & Defeasance Program: Unspent bond proceeds allocated to retire outstanding bonds. 4. Facade Improvement Program Loans/Grants: Financial assistance to downtown businesses and property owners for façade improvements. 5. Property Holding Costs: Property maintenance costs for 189/199 Parker; 1.5 acre Town Plaza site and the 2.1acre site on Willow/San Pablo Avenue. 6. Assessment District Study: To identify mechanism for funding Parker Avenue landscaping once establishment period ends. 7. Parker Ave. Capitalized Replacement: See #2 in projects with encumbered revenue below. 8. Abatement Attorney- County Counsel: A pro-rata share of County Counsel expenses for an attorney devoted solely to code enforcement activities. 9. Community Preservation Program: A pilot program to address blight on vacant properties, boarded up properties, and apartment units in disrepair. 10. Community Preservation Assistance (foreclosed homes): Costs associated with the acquisition/renovation of foreclosed homes. Program may work in coordination with the Neighborhood Stabilization Program. 11. Town Plaza Mixed Use: Funds to implement a mixed-use project to act as a catalyst for economic development and private investment in the downtown area. Funds may be designated for activities such as property acquisition, property management, development of financing plans and development costs, market research, pre- development costs, infrastructure, or site preparation costs. 12. Administration: Salaries, services, supplies, and equipment in support of Agency program and project implementation. 13. Transfer to Successor Agency: Unallocated funds to be transferred to the Successor Agency. PROJECTS WITH ENCUMBERED REVENUES 1. Parker Avenue Improvements: Encumbered funds for the Contra Costa County Public Works Department for design/construction engineering for Parker Avenue improvements as specified in the Downtown/Waterfront Specific Plan, and to construct the project. 2. Parker Avenue Capitalized Replacement: Funds to replace physically or economically obsolete elements associated with Parker Avenue. Page 18 of 36 3. Downtown Area Infrastructure Improvements: Funds to continue replacing physically or economically obsolete infrastructure elements in the downtown area. 4. Rodeo Creek Plan Implementation: Funds to complete Phase I improvements of the Rodeo Creek Watershed Vision Plan 5. Waterfront Infrastructure: Encumbered funds to provide financial consultant services for the Waterfront Marina. 6. Waterfront Infrastructure—Rodeo Sanitary District: Funds to allow the Rodeo Sanitary District to undertake a preliminary assessment of sewer line options for an extension of service to the waterfront. 7. Haz Mat Waterfront Remediation-Rodeo Marina LLC: Funds to continue analyzing environmental contamination, marina restoration/maintenance, and financial feasibility for future waterfront revitalization C. INDEBTEDNESS: RODEO The Agency has incurred approximately $91.8 million in debt as of June 30, 2011 including: • $0.5 million in contractual obligation for EBRPD improvements; • $29.4 million in principal and interest for Tax Allocation Bonds issued in 1999, and 2007. • $22.8 million in Low/Moderate Income Housing Funds; and • $25.3 million contractual obligation pursuant to fiscal agreements. • $1.0 million for Town Square account payable • $12.8 million for professional services and administrative services. G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Project Descriptions-Indebtedness\RodeoProjectdescription.indebtedness.12.doc Page 19 of 36 1/9/2012 V MONTALVIN MANOR REDEVELOPMENT PROJECT AREA A. Revenues/Expenses FY 11/12 Revenues and proposed expenditures are as shown: Tax Increments Bond Proceeds Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL Payments to Other Agencies Property Tax Admin Charge $1,000 $1,000 Fiscal Agreements/33676 Payments $17,300 $17,300 Debt Service Bonded Indebtedness - Capital Projects $52,900 $92,100 $145,000 Bonded Indebtedness - Housing Projects $23,253 $32,747 $56,000 Aug 2012 Bonded Indebtedness - Capital $896 $90,409 g $91,305 Aug 2012 Bonded Indebtedness - Housing $37,475 $37,475 Bond Redemption, Purchase & Defeasance Prog $504,424 $515,968 $1,020,392 Special Revenue Account Debt repayment $282,702 $282,702 Administration $30,000 f $30,000 Transfer to Successor Agency $82,093 $0 $82,093 TOTALS $384,798 a $142,821 b $596,524 c $548,715 c $90,409 $1,763,267 a: Capital Funds include Annual Increment $80,296 Fund Balance $302,605 Debt Service Fund Balance $927 Interest earnings $970 Total $384,798 $0 b: Housing Funds include Annual Increment $20,074 Fund Balance $121,285 Debt Service Fund Balance $330 Interest earnings $1,132 Total $142,821 $0 c: Bond Proceeds Capital Project Proceeds $596,524 Housing Project Proceeds $548,715 Total $1,145,239 d: Additional encumbrances available for expenditure, but not listed in the budget are: Bond Bond Other Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL Transit Access Project $363,482 $384,500 h $747,982 Housing Rehabilitation $10,550 $0 $10,550 Total Encumbered $0 $10,550 $363,482 $0 $384,500 $758,532 e: Cash balances of 6/30/11 are: $302,605 $131,835 $960,006 $548,715 f: Includes salaries, benefits, DCD overhead, space rent, and RDA contracts for administrative services outside of DCD. g: Loan from Special Revenue Acct. subject to a board authorization after RDA discolves. h: Transportation for Livable Communities funds G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Sources & Uses File Name: S&U-Montalvin.FY12.1-5-12.xls Page 20 of 36 B. PROJECT DESCRIPTION: MONTALVIN MANOR 1. Payments to other Agencies: Statutory pass-thru payments to taxing agencies pursuant to pursuant to Section 33607.5 of the California Health & Safety Code; and charges of the County Auditor-Controller. 2. Bonded Indebtedness: Principal and interest due on outstanding bonded indebtedness incurred, including the first debt payment in FY 12/13. Includes funds to retire the debt the Agency owes to the County Special Revenue Account for prior affordable housing and redevelopment initiatives. 3. Bond Redemption Purchase & Defeasance Program: Unspent bond proceeds allocated to retire outstanding bonds. 4. Administration: Salaries, services, supplies, and equipment in support of project implementation. 5. Transfer to Successor Agency: Unallocated funds to be transferred to the Successor Agency. PROJECTS WITH ENCUMBERED REVENUES 1. Transit Access Project: Funds for costs associated with the installation Pedestrian enhancements along San Pablo Avenue and Kay Road. 2. Housing Rehabilitation: Housing Funds to develop and implement a program to rehabilitate existing housing in Montalvin Manor for low and moderate-income households. C. INDEBTEDNESS: MONTALVIN MANOR The Agency has incurred approximately $21.6 million in debt as of June 30, 2011 including: • Loans from the County of Contra Costa totaling $0.9 million. • Bonded Indebtedness from 2007 Tax Allocation Bond issue totaling $5.3 million. • Low and Moderate Income Housing Fund obligations of $5.9 million; • Contractually obligated fiscal agreement of $7.9 million; and • $1.6 million for project area improvements G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Project Descriptions-Indebtedness\MMProjectdescription.indebtedness.12.doc Page 21 of 36 SECTION 3 -- WORK PROGRAM FOR FISCAL YEAR 2011/12 The work program of Contra Costa County Redevelopment Agency for fiscal year 2011/12 is directed at continuing the implementation of the Contra Costa Centre Area Redevelopment Plan and Specific Plan, and the Redevelopment Plans for North Richmond, Bay Point, Rodeo, and Montalvin Manor, and the Pittsburg/Bay Point BART Station Area Specific Plan and Rodeo Downtown/Waterfront Specific Plan. Specific goals, objectives and tasks of the Agency for fiscal year 2011/12 are outlined below: I. Contra Costa Centre Redevelopment Project Area: Goal 1: Secure necessary financing to implement the Plan. A. Secure remaining funds from developers under terms of Disposition and Development Agreements (DDA’s). B. Facilitate property transfers as appropriate to expedite project/program implementation. C. Amend and implement final agreements necessary to achieve feasible development of Areas 11/12 (BART property), including asset management to realize revenue due. Goal 2: Continue access and infrastructure improvements necessary to allow construction to begin and to serve completed buildings. A. Continue to transfer property as necessary to facilitate public improvements. B. Secure property dedications as specified in DDA’s or development approvals. C. Evaluate need for new rights-of-way and, if necessary, pursue acquisition. D. Complete planning for the construction of the Walden Green Phase II in Iron Horse Corridor. Planning includes identification of an ongoing source of maintenance funding for the improvements through a community-based evaluation process. The project is also expected to begin construction during FY 11/12. E. Provide funding for local circulation and safety enhancements. Design of improvements is expected to be complete in FY 11/12, with construction completed by second quarter 2012. Grant funds being sought for enhancements on the Treat Boulevard overcrossing of I-680. Goal 3: Continue to evaluate Specific Plan Implementation. A. Continue to implement a Transportation Demand Management (TDM) Program. 1. Coordinate with Contra Costa Centre Association for program development. 2. Coordinate the implementation of TDM with the completion and occupancy of buildings. B. Implement, with the Contra Costa Centre Association, a Child Care Affordability Program. C. Coordinate implementation of the BART Transit Village, consistent with the approved Final Development Plan for the BART Joint Development Property (Areas 11/12). D. Create and implement, in partnership with the Contra Costa Centre Association and BART, a Wayfinding program in the area. Goal 4: Facilitate the Development of Affordable Housing. A. Provide financial assistance, as provided for in DDA’s, to facilitate the delivery of affordable housing in the Park Regency project, Coggins Square, the BART Transit Village, and 1250 Las Juntas Way. Page 22 of 36 B. Undertake property transfers necessary to facilitate the additional development of affordable housing in the area, including: 1. Implementing a plan of finance for the development of the BART Transit Village as a mixed income residential/mixed-use property (Block C). 2. Implementing a coordinated program with the City of Walnut Creek for determining a development type, developer, plan of finance, and schedule for the Agency owned property at 1250 Las Juntas Way. II. North Richmond Redevelopment Project Area Goal 1: Implementation of the North Richmond Redevelopment Plan. A. Monitor and provide support for private development within the Project Area. B. Continue to work with the North Richmond Municipal Advisory Council (MAC) in implementing the Plan and to attend monthly community meetings. C. Work with County Public Works staff in implementing a North Richmond Area of Benefit to include Project Area road improvements and other potential funding sources. D. Continue to work with the County’s Workforce Development Board, local service providers, and other governmental agencies to offer specialized training and a revamped first source hiring program. E. Undertake directed economic development activities, including direct business attraction using financial assistance, and indirect assistance via financing area wide drainage/infrastructure improvements to facilitate private economic investment. F. Work with County Administrator and other County Department staff to implement an abatement revolving loan fund program for North Richmond. G. Continue the plan of Unified Development (Heritage Point) to acquire and redevelop six contiguous parcels along Fred Jackson Way into a mix of commercial and residential amenities. H. Seek to leverage Agency resources by submitting applications for federal/state/local grants. I. Continue to work with North Richmond Green (formerly the Beautification Committee) and the North Richmond Waste & Recovery Mitigation Committee to address cross- jurisdictional issues such as code enforcement, abandoned vehicle abatement, trash collection, graffiti removal and other clean up activities. J. Continue to refine the permitting process for developers, businesses, and local property owners with the goal of simplifying entitlement procedures in order to prepare the area for long term growth. K. Work with the County Administrator and other County departments to evaluate the proposed Indian Gaming facility, and develop community mitigations to build into a State Compact should the proposal go forward. L. Continue the work necessary to complete the North Richmond Industrial Area General Plan Amendment, Specific Plan, and Environmental Impact Report (EIR) to transform over 200 acres of underutilized land into a new residential neighborhood consisting of parks, open space, residential housing, mix-use development, commercial/retail outlets, public amenities and infrastructure improvements. This initiative is expected to be released in 2012. M. Continue to work with Public Works staff to complete improvements and community safety improvements by upgrading the pedestrian railroad crossing at 7th Street and Page 23 of 36 Market Avenue to include construction of new curb, gutters, sidewalks, and drainage modifications. Goal 2: Monitor related public improvements in the Project Area. A. Continue to monitor progress of the Professionally Accredited Levee Program to remove areas in North Richmond from FEMA designated Flood Zones. B. Continue to support the Resident Deputy Program and other law enforcement activities including, but not limited to: illegal dumping, graffiti abatement, litter/trash abatement, and the surveillance of private development sites. Goal 3: Commence infrastructure improvements necessary to allow construction to begin and to serve existing structures. A. Initiate property acquisition and disposition where required to facilitate public improvements. B. Adopt joint resolutions and finalize the memorandum of understanding with the City of Richmond to expand Richmond’s Enterprise Zone into the unincorporated community of North Richmond. C. Implement necessary infrastructure improvements to promote economic development activities. D. Work with County Public Works staff to implement a comprehensive Infrastructure Improvement Program for the employment generating area north of Parr Boulevard. This initiative will help gage the level of community/property owner support for participation in a public-private partnership to finance additional improvements. The plan of finance may consider local public finance tools (assessment proceedings, special tax districts, etc.), federal and/or state funds, redevelopment funds, and developer fees. E. Complete the feasibility analysis of the Precise Alignment for the North Richmond Truck Route Project, including project costs, right-of-way acquisitions, and environmental clearances for CEQA/NEPA. The Precise Alignment serves as the basis for pursuing a Federal earmark, as well as other project funding from Federal, State, and local governmental funding sources. F. Continue to explore grant funding to expand the streetscape improvements along Fred Jackson Way between Grove Avenue and Wildcat Creek and an ongoing funding source to maintain these improvements. Goal 4: Facilitate the development of affordable housing. A. Continue to work with appropriate private, public, and non-profit organizations and, participate in the development of affordable housing and implementation of the Agency’s inclusionary housing requirement for new subdivisions such as Signature Properties’ Nove site and the Heritage Point Mixed-Use Development. B. Facilitate affordable homeownership opportunities through the resale of the Parkway Estates units, Youthbuild homes, Bella Flora homes (KB Home), First Time Homebuyer Program, IDA (Individual Deposit Account) Program, and the Neighborhood Stabilization Program (NSP) C. Continue to work with the Housing Authority to evaluate the reuse of the Las Deltas Housing Development, including the numerous scattered sites and vacant public housing units. D. Continue to support the development of Community Housing Development Corporation of North Richmond (CHDC) by providing project based capacity building financial assistance, and a commercial rehabilitation loan to renovate CHDC’s office in order to expand service delivery to local residents. Page 24 of 36 III. Bay Point Redevelopment Project Area Goal 1: Implementation of the Bay Point Redevelopment Plan. A. Continue to work with the Bay Point Municipal Advisory Council in implementing the Redevelopment Plan. B. Monitor and provide support for private development within the Project Area. C. Continue to work with the County Counsel, District V Office, and Building Inspection Division to address code enforcement and abatement activities in Bay Point. D. Continue implementation of the Pittsburg/Bay Point BART Station Area Specific Plan, Development Zone 2 and a portion of Development Zone 3. E. Monitor remediation of the Shell pond, on the PG&E property east of the Bay Point Marina. F. Implement economic development activities, including a strategic plan for the marina and waterfront area, monitoring the conditions of approval for a business park, implement Enterprise Zone in partnership with the City of Pittsburg, and participate in regional economic development efforts. G. Continue to work on the Agency’s website (ccreach.org) and use is as a tool for providing information to residents, developers and other interested parties. Goal 2: Monitor related public improvements in the Project Area. A. Monitor the status of the planned relocation of the Contra Costa Fire District’s Station 86 (Bay Point). B. Monitor updates to the Capital Road Improvement Program, the priority list for the underground utility program, and modifications to the Bay Point Area of Benefit (AOB) Program. Continue to seek grant funding for infrastructure improvements. C. Monitor infrastructure improvements to Willow Pass Road. D. Monitor implementation of transportation priorities identified in the Port Chicago Highway Mitigation program. E. Monitor planning and development of the Great California Delta Trail. F. Monitor master plan process for Ambrose Park Improvements. Goal 3: Facilitate infrastructure improvements necessary to allow construction to begin and to serve existing structures. A. Work on the design and identify funding opportunities for implementing the Bailey Road Bicycle and Pedestrian Improvement Project. B. Explore alternative alignments for improvements to Willow Pass Road, Bailey to Pittsburg City limits. C. Explore funding opportunities for capital improvements needed to implement the BART Specific Plan, including improvements to Bailey Road and Willow Pass Road. D. Implement the improvements identified in the infrastructure study for the Bella Vista/Home acres neighborhood, as opportunities become available. E. Complete improvements to Bailey Road, between State Route 4 and Leland, in conjunction with the City of Pittsburg. Page 25 of 36 Goal 4: Facilitate the development of affordable housing. A. Work with appropriate non-profit and for-profit organizations in developing affordable housing, and actively participate in development activities where able. B. Continue to work with the non-profit developer (Habitat for Humanity) on the development of property for single-family residences on an infill site. C. Work with Youth Homes to develop an Agency-owned site into a group home, completing the relocation of the facility from Orbisonia Heights. D. Implement programs to improve the quality of the existing housing stock including the housing rehabilitation program. IV. Rodeo Redevelopment Project Area Goal 1: Implementation of the Rodeo Redevelopment Plan. A. Monitor and provide support as appropriate for private development within the Project Area. B. Work with the Public Works Department to develop and implement a program to identify and install infrastructure improvements that will help revitalize the Marina and downtown Rodeo area. C. Work with the Public Works Department in implementing the West County Area of Benefit (AOB) and in identifying other sources of funding for road improvements that would promote the revitalization of Rodeo. D. Continue to work with the Public Works Department to develop a maintenance funding mechanism for the newly reconstructed Parker Avenue improvements. E. Work with County Service Area R-10 and the East Bay Regional Park District to develop and begin park and recreation plans and programs. Evaluate and initiate implementation of projects as specified in the Specific Plan for the downtown and waterfront areas. F. Continue working to complete the Rodeo Waterfront Predevelopment Assessment Program as recommended in the Rodeo Downtown/Waterfront Strategic Planning process. G. Work with the Rodeo Sanitary District to complete the construction of the public sewer line to provide service to the Rodeo Marina. H. Continue property assemblage as opportunities become available and pursue development of the Town Square mixed-use project as market conditions warrant. I. Implement programs to improve the quality of the existing housing stock including the housing rehabilitation program. J. Complete the marketing collateral materials to market commercial and residential sites in the Rodeo Redevelopment Project Area, and develop marketing tools as specified in the marketing plan. H. Continue to work with the owners of the Willow Hawthorne site to pursue development as market conditions improve. I. Continue working with New Horizons Career Development Center to improve service delivery and job development activities. J. Continue working with the Rodeo Chamber of Commerce, RMAC, R-10 and Rodeo Sanitary District to draw people to the Rodeo community. Page 26 of 36 V. Montalvin Manor Redevelopment Project Area: Goal 1: Redevelopment Plan Implementation. A. Work with the Redevelopment Advisory Committee to develop a long-term strategic plan for achieving Plan goals. B. Continue to implement actions outlined in the Montalvin Manor Pedestrian and Transit Access Improvement Strategy. C. Work with County Department of Public Works to assess drainage and traffic calming issues. D. Improve the quality of the existing housing stock by continuing the Redevelopment Housing Rehabilitation Loan Program, and the Neighborhood Stabilization Program (NSP). EXAMINATION OF ACHIEVEMENTS FOR FISCAL YEAR 2011 The Redevelopment Agency, during fiscal year 2010/11, continued to implement its Redevelopment Plans. I. Contra Costa Centre Redevelopment Project Area A. Blocks A, B, and E of the Contra Costa Centre Transit Village were completed and the residential units fully leased. B. Infrastructure Improvements: Engineering/design was ongoing for circulation and alternative mode improvements in the area. The Iron Horse Trail Pedestrian/Bicycle Overcrossing was completed and opened to the public. A community design program for a Shortcut Path to the neighborhoods east of the Station Area (David/Minert Rd) was delayed due to policing concerns of the Walnut Creek City Council and other budget issues. Major construction work was completed for the core infrastructure and placemaking infrastructure associated with the BART Transit Village Project. Staff continues to work with commercial property owners to develop and implement an area wide wayfinding program. The Agency continued to work with BART on implementing Station enhancements. C. Private Development: The Agency worked with private developers to business agreements including a Disposition and Development Agreement, Ground Leases, a Construction Agreement, and a Financial Assistance Agreement. II. North Richmond Redevelopment Project Area A. Development: Agency staff continues to work with the community, County staff, and a consultant to develop and implement the North Richmond Industrial Area General Plan Amendment/Specific Plan and related EIR. The Specific Plan process involves transforming approximately 200 acres of land bounded by Wildcat Creek, San Pablo Creek, Richmond Parkway, and the Union Pacific railroad tracks into a new residential neighborhood. Several critical milestones were achieved, including community consensus on a preferred alternative concept, tentative approval for a secondary access road off of the Richmond Parkway, and a proposed swap of the North Richmond Ballfield. Agency staff worked with several private and non-profit developers in facilitating infill housing on scattered sites. Staff continued work on the Heritage Point Mixed-Use Development to assemble parcels along Third Street in order to redevelop and complete the Phase II of the North Richmond Town Center. Six properties have been acquired and three of the structures demolished. The Agency continued to provide funding and assisted with the leveraging of federal funds to initiate the First Time Page 27 of 36 Homebuyers and Individual Deposit Account Programs for first time homebuyers. Agency staff worked with several private property owners to plan and implement construction of commercial/industrial development within the employment generating area of the community. Agency staff continues to work with the County Housing Authority to explore planning options and alternatives to revitalize the 224 unit Las Deltas public housing development. B. Infrastructure: The Agency initiated work with Public Works staff to affirm previous findings and implement a comprehensive area-wide infrastructure improvement program for the area. Agency staff continues to pursue funding to continue Fred Jackson Way (3rd Street) improvements from Grove to Wildcat Creek. Staff continues to work with the cities of Richmond and San Pablo, and local stakeholders to complete environmental clearances to develop a Precise Alignment for the North Richmond Truck Route Project. The Agency continues to improve community safety by upgrading the pedestrian railroad crossing at 7th and Market Avenue to include construction of new curb, gutters, sidewalks, driveways and drainage modifications. Agency staff continues to work with the Public Works Department, County Flood Control District, and WRT to remove homeowners out of the flood plain and to find solutions for levee accreditation and compliance with FEMA’s new Flood Plain Maps. Agency staff worked with the County Public Works Department to complete construction of the pocket park in the Parkway Estates Development. C. General: The Agency has collaborated on community improvement initiatives with the North Richmond Waste and Recovery Mitigation Fee Committee, a joint County/City board. Agency staff, along with CHDC and the City of Richmond, continues to support the North Richmond Green Campaign and its effort to eradicate blight, graffiti removal, and illegal dumping. Agency staff continues to work with private, nonprofit and other County departments to implement an information system for available programs and services. Agency continues to provide a revolving abatement loan program to remove unsafe structures and prevent squatters from occupying foreclosed homes. Through a grant, the Agency continues to support the Young Adult Empowerment Center with new office furniture, bullet resistant lighting, and upgrades to the security system. Agency continues to bolster police services by partially supporting two resident deputy positions exclusively for the North Richmond community. D Economic Development: The Agency continues to spearhead the First Source Hiring Program working with other County departments and local service providers. The Agency continues to partner with the City of Richmond to expand the Richmond Enterprise Zone into the employment generating area north of Parr Boulevard. The Agency continued to work with CHDC to renovate its offices and expand service delivery functions. The Agency continues to explore temporary uses with organic growers for vacant or underutilized land within the industrial area and parts of the North Richmond Specific Plan. The Agency continues to work with the Federal Deposit Insurance Corporation (FDIC) and CHDC to offer tax return assistance to North Richmond residents under the VITA (Volunteer Income Tax Assistance) Program. The Agency continues to explore partnership opportunities with The California Endowment (10 Year Pledge) to transform the area into a safe and healthy neighborhood. Agency continues to work with Local Initiatives Support Corporation (LISC) to implement the 4th Edition of the North Richmond Housing Memorandum of Understanding. III. Bay Point Redevelopment Project Area A. Development: Agency staff continued to work with non-profit and private developers interested in affordable housing development throughout the Project Area. Staff continued to work with a property owner to comply with conditions of approval for a light- industrial business park. Agency staff continues to work with the new property owner to develop a hotel on property previously owned by the county. Staff has made significant Page 28 of 36 progress on the Orbisonia Heights land assemblage program, the first step in implementing the BART Specific Plan. To date 44 of 45 parcels have been acquired. Approximately 30 structures have been demolished to date. B. Infrastructure: Staff continues to work on the design of the gap closure in the Delta DeAnza Regional Trail through Bay Point. Staff continued to identify funding sources for infrastructure improvements on Willow Pass Road and Bailey Road. Staff worked with the City of Pittsburg on the design of infrastructure improvements to Bailey Road, between State Route 4 and Leland Road. C. Economic Development: Staff continues to make marketing information available on the Agency’s website (ccreach.org). Staff continued to work with project applicants to facilitate review of land use proposals. Staff has been working with the Bay Point Chamber of Commerce. Staff monitored the status of enterprise zones with the State. The Targeted Employment Area for the Enterprise Zone was approved by the State. D. General: Staff continues to work with County Counsel, District V Office, Building Inspection, Environmental Health, and the Sheriff’s Department to address code enforcement and abatement activities in the Bay Point Project Area. IV. Rodeo Redevelopment Project Area A. Development: Agency staff continues to work with private developers interested in residential, mixed-use, and commercial development in the Project Area. Agency staff continues to work with the owners of the Rodeo Marina to facilitate development and create a sense of place. Agency continues to pursue acquisition of the Windmill Bar parcel at the Town Center site. B. Infrastructure: Agency staff continues to work with Public Works in evaluating the possibility of establishing an assessment that would provide ongoing maintenance for Parker Avenue improvements. Agency staff also worked with Public Works to develop a proposed program to identify and install infrastructure improvements that will help revitalize the downtown area and Rodeo Marina. Agency staff worked with the Rodeo Sanitary District on annexation of the waterfront marina and downtown area into its service area. C. Economic Development: Staff completed collateral materials to enhance image of, and to stimulate economic development activities in Rodeo. Staff continues to explore private investors for the Development of the Town Plaza site which is the town center. Staff continues to work with Rodeo Sanitary District to amend the scope that would supply Downtown Rodeo and the Waterfront Marina with a connection to the Sanitary District. D. General: The Agency contributed funds to augment CDBG-R grant funds to make improvements to the Lefty Gomez recreation building. The Agency initiated a Predevelopment Assessment at the Rodeo Waterfront including a Brownfield environmental site assessment, a marina study, and a financial analysis. The Agency continues to work with the East Bay Regional Park District for future implementation of Lone Tree Park. The Agency worked in cooperation with the Public Works Department and the Contra Costa Resource Conservation District and the community to prepare a Rodeo Creek Watershed Vision Plan and implement the first phase of the plan. E. Agency staff and the Building Inspection-Neighborhood Preservation Program implemented a housing rehabilitation program for the Redevelopment Project Areas in Montalvin Manor, North Richmond, Bay Point, and Rodeo. Page 29 of 36 V. Montalvin Manor Redevelopment Project Area A. On June 16, 2009 the Board of Supervisor approved the Planned-Unit District (P-1) Re- zoning for Montalvin Manor and on June 23, 2009 approved the Montalvin Manor Building Permit Amnesty Program Ordinance to address non-permitted construction (i.e. garage conversions, car ports, room additions, roof conversion, 2nd story additions). The Building Permit Amnesty Program officially began on July 23, 2009 and was extended on July 27, 2010 to terminate on December 31, 2010. During the Amnesty Program period, over 80 applications were received, with over 50 receiving a building permit for previously un-permitted construction/renovations to single-family residential dwellings. B. Agency staff and the Building Inspection-Neighborhood Preservation Program continued with the implementation of the Redevelopment Housing Rehabilitation Program for the Redevelopment Project Areas in Montalvin Manor, North Richmond, Bay Point, and Rodeo. Four home rehabilitation loans were made to Montalvin Manor homeowners during FY 2009/10. Unfortunately, due to budget constraints stemming from the economic recession and housing foreclosure crisis, the Redevelopment Housing Rehabilitation Program has been cancelled. The Program is expected to continue once redevelopment revenue improves to a point where it can be supported. C. The design/engineering plans and the environmental reviews for the San Pablo Avenue and Kay Road pedestrian access and safety improvements were completed. Construction of the improvements to San Pablo Avenue and Kay Road is expected to start sometime during August/September 2011. G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Work.Program-Achievements\WorkProgramAchievement.12.clean-11-19-11.doc Page 30 of 36 SECTION 4 – BLIGHT PROGRESS REPORT Health and Safety Code Section 33080.1(d) requires the preparation of an annual progress report of the Agency in addressing blight. This report provides specific activities and expenditures of the Agency in FY 11 in addressing blighting conditions. Contra Costa Centre Blight removal activities of the Agency are intended to achieve/support sustainable development/transit-oriented development including transportation and circulation improvements; urban design enhancements; and affordable housing: • Transportation and circulation improvements – Major expenditures associated with the Robert I. Schroeder Pedestrian and Bicycle Overcrossing were made to complete the construction and open the overcrossing to the public. Improvements related to the area’s Transportation Demand Management (TDM) program were also made; • Enhancements to the Avalon Walnut Creek Transit Village project were made including lighting, landscaping, town plaza, and street furniture. Additional landscaping initiatives related to Walden Green and the Hookston Station area were also undertaken; and • Achievement of social equity goals has been achieved via the production of mixed income housing supported by the Agency including the Park Regency Apartments, Coggins Square, and the Avalon Walnut Creek Transit Village Project. North Richmond Blight removal activities of the Agency are intended to address the lack of road, drainage and utility improvements in the employment areas of North Richmond; enhancements to the existing residential area through the provision of social, recreational, and employment and training enhancements; and the provision of affordable housing: • A major effort to replan a portion of the light industrial area was undertaken. The intent is to create a residential and mixed-use area with the full complement of community facility and services. Planning includes a major truck route initiative to remove obnoxious odors and emissions from residential neighborhood areas. Improvements to Market Ave. in the existing neighborhood were undertaken. • Initiatives to address illegal dumping and community-oriented policing were funded to address two issues that continue to blight the area. • Project scoping for a future infrastructure initiative serving the employment area were completed, and will be undertaken in the future; and • Major blight removal was accomplished via the acquisition of four of six properties on Third Street for a future affordable housing and retail project. A Master Developer for a future new construction project was identified, and will be a major initiative of the Agency in the future. Page 31 of 36 Bay Point Blight removal activities of the Agency are intended to achieve sustainable/transit-oriented near the Pittsburg/Bay Point BART Station; address issues associated with the underutilized waterfront; pursuing employment opportunities; stabilizing neighborhoods negatively affected by the mortgage foreclosure problem; and achieving affordable housing: • A primary initiative of the Agency is the assemblage of a seven-acre development site near the BART Station. The area was characterized by substandard structures and deficient infrastructure. The area will be a future mixed-use transit-oriented development project; • Employment opportunities will be enhanced by the establishment of an Enterprise Zone, an partnership with the City of Pittsburg; • Infrastructure in the Bella Vista area was the subject of a preliminary engineering program. Budgetary constraints will postpone implementation; and • Road and circulation improvements were focused on the BART Station Area/Bailey Road Corridor. Rodeo Blight removal activities of the Agency are intended to address infrastructure deficiencies in the downtown and waterfront area; hazardous materials issues on the waterfront; stabilizing neighborhoods negatively affected by the mortgage foreclosure problem; and achieving affordable housing: • A primary initiative of the Agency, establishment of an anchor mixed-use development in the downtown, has been hampered by the downturn in the economy. • Waterfront hazardous materials remediation is ongoing in partnership with property interests; • Major infrastructure upgrades to the downtown area and waterfront were negotiated and are currently undergoing design engineering. Construction is expected in 2012. Montalvin Manor Blight removal in this largely built-out neighborhood focus on improving the quality of substandard residences, improving the quality of existing community facilities and parks, and improving area circulation for vehicles, pedestrians and bicycles. The neighborhood is also in need of stabilization due to the adverse affects of the housing foreclosure issue: • Major improvements to the areas deteriorated sidewalks were undertaken; • Pedestrian and bicycle improvements along San Pablo Ave and Kay Road have been designed and will be constructed in the next fiscal year; • An amnesty program to incentivize property owners to legalize previously unpermitted work was undertaken. It had a substantial positive affect on the quality of the housing stock; and • A housing rehabilitation program to finance housing improvements was initiated. Its future will be impacted by the substantial loss of property values in the area. G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Blight Progress Report\Blight.Progress.Report.doc Page 32 of 36 SECTION 5 – LOAN STATUS REPORT Health and Safety Code Section 33080.1(e) requires the preparation of an annual status report of loans the Agency has made in an amount greater than or equal to $50,000, that in the previous fiscal year were in default, or not in compliance with the terms of the loan approved by the redevelopment agency. The Contra Costa County Redevelopment Agency has no loans greater than or equal to $50,000 that were in default, or out of compliance with the terms of the loan in the previous fiscal year 2010/11. G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Loan Report\Loan.Status.Report.revised.doc Page 33 of 36 SECTION 6 – PROPERTY STATUS REPORT Health and Safety Code Section 33080.1(f) requires the preparation of an annual report of property owned by the Agency. This report satisfies the requirement to disclose the status of properties owned. Project Area Property Address Assessor's Parcel Number(s) Acquisition Year Purpose Status Contra Costa Centre 1250 Las Juntas Way 148-180-050 2003 Housing Land held for resale 1250 Las Juntas Way 148-180-051 2003 Housing Land held for resale 1250 Las Juntas Way 148-180-052 2003 Housing Land held for resale Iron Horse Corridor 147-050-043 1986 Trail Restricted-Transportation Iron Horse Corridor 147-050-044 1986 Trail Restricted-Transportation Iron Horse Corridor 147-050-047 1986 Trail Restricted-Transportation Buskirk Avenue 148-100-056 1986 Road right-of-way Restricted-Transportation Iron Horse Corridor 148-120-012 1984 Trail Restricted-Transportation Iron Horse Corridor 148-180-047 1985 Trail Restricted-Transportation Iron Horse Corridor 148-180-048 1986 Trail Restricted-Transportation Iron Horse Corridor 148-180-049 1986 Trail Restricted-Transportation Iron Horse Corridor 148-221-016 1984 Trail Restricted-Transportation Iron Horse Corridor 148-221-030 1986 Trail Restricted-Transportation Iron Horse Corridor 148-360-014 1986 Trail Restricted-Transportation Iron Horse Corridor 148-360-024 1986 Trail Restricted-Transportation Iron Horse Corridor 148-360-031 1986 Trail Restricted-Transportation Iron Horse Corridor 172-100-038 1984 Trail Restricted-Transportation North Richmond 1820 6th St 409-132-015 2004 Housing Land held for resale 1711 4th St. 409-261-015 2004 Housing Land held for resale 305 Chesley * 409-080-013 2009 Housing Land held for resale 1534 3rd St * 409-080-014 2009 Housing Land held for resale 1546 3rd St * 408-080-020 2009 Housing Land held for resale 304 Grove * 409-080-001 2010 Housing Land held for resale 1542 3rd St * 409-080-016 2010 Housing Land held for resale * Heritage Point land assemblage Bay Point 187 N Broadway 096-041-026 2003 Housing Land held for resale 195 N Broadway 096-041-001 2003 Housing Land held for resale 199 N Broadway 096-041-013 2003 Housing Land held for resale 96 Enes Ave # 097-037-007 2007 Housing Deed restricted held for resale 231 Amerson Ave # 097-270-021 1995 Housing Land held for resale 235 Amerson Ave # 097-270-022 1995 Housing Land held for resale Amerson Ave # 097-270-018 1995 Housing Land held for resale 235 Amerson Ave # 097-270-076 1998 Housing Land held for resale Mims Ave # 097-270-074 2001 Housing Land held for resale Canal Rd @ 097-270-078 1998 Commercial Land held for resale Canal Rd @ 097-270-080 2001 Commercial Land held for resale Bel Air Lane 097-270-056 1993 Housing Land held for resale 610 S Broadway ^ 094-013-001 2006 Housing Land held for resale 585 S Broadway ^ 094-015-010 2005 Housing Land held for resale 581 Bailey Rd ^ 094-012-035 2006 Housing Land held for resale 690 S Broadway ^ 094-026-002 2007 Housing Land held for resale 51 Maylard St ^ 094-014-011 2007 Housing Land held for resale 668 S Broadway ^ 094-013-005 2007 Housing Land held for resale 560 S Broadway ^ 094-012-024 2007 Housing Land held for resale 590 S Broadway ^ 094-012-027 2007 Housing Land held for resale 670 S Broadway ^ 094-013-006 2007 Housing Land held for resale 641 S Broadway ^ 094-014-012 2007 Housing Land held for resale 551 S Broadway ^ 094-015-013 2007 Housing Land held for resale 541 S Broadway ^ 094-015-014 2007 Housing Land held for resale 591 S Broadway ^ 094-015-027 2007 Housing Land held for resale 650 S Broadway ^ 094-013-003 2007 Housing Land held for resale 660 S Broadway ^ 094-013-004 2007 Housing Land held for resale 651 S Broadway ^ 094-014-013 2007 Housing Land held for resale 570 S Broadway ^ 094-012-025 2008 Housing Land held for resale 540 S Broadway ^ 094-012-022 2008 Housing Land held for resale 631 Bailey Rd ^ 094-013-007 2008 Housing Land held for resale 680 S Broadway ^ 094-026-001 2008 Housing Land held for resale 550 S Broadway ^ 094-012-023 2008 Housing Land held for resale 495 Wollam ^ 094-015-006 2008 Housing Land held for resale 661 S Broadway ^ 094-014-014 2008 Housing Land held for resale 498 Wollam ^ 094-016-002 2008 Housing Land held for resale 681 Bailey Rd ^ 094-026-005 2008 Housing Land held for resale 580 S Broadway ^ 094-012-026 2008 Housing Land held for resale 671 S Broadway ^ 094-014-001 2009 Housing Land held for resale 571 S Broadway ^ 094-014-010 2009 Housing Land held for resale 611 Bailey Rd ^ 094-013-010 2009 Housing Land held for resale 605 Bailey Rd ^ 094-013-011 2009 Housing Land held for resale 620 S Broadway ^ 094-013-002 2009 Housing Land held for resale 581 S Broadway ^ 094-015-011 2009 Housing Land held for resale 571 S Broadway ^ 094-015-012 2010 Housing Land held for resale 591 Bailey Rd ^ 094-015-036 2010 Housing Land held for resale 530 S Broadway ^ 094-012-021 2001 Housing Land held for resale 531 Bailey Rd ^ 094-012-030 2001 Housing Land held for resale 541 Bailey Rd ^ 094-012-031 2001 Housing Land held for resale 551 Bailey Rd ^ 094-012-032 2001 Housing Land held for resale 561 Bailey Rd ^ 094-012-033 2001 Housing Land held for resale 571 Bailey Rd ^ 094-012-034 2001 Housing Land held for resale Memorial Way ^ 094-015-028 2001 Housing Land held for resale 621 Bailey Rd ^ 094-013-008 2008 Housing Land held for resale 615 Bailey Rd ^ 094-013-009 2010 Housing Land held for resale 671 Bailey Rd ^ 094-026-006 2010 Housing Land held for resale # Amerson/Mims Ave. land assemblage @ Canal Road land assemblage ^ Orbisonia Heights land assemblage Rodeo Railroad Ave > 357-161-001 2005 Housing Land held for resale Railroad Ave > 357-161-002 2005 Housing Land held for resale 223 Parker Ave > 357-161-013 2006 Housing Land held for resale 710 Willow Ave 357-120-074 1998 Housing Land held for resale > Town Plaza land assemblage Corrected 1-10-12 G:\CDBG-REDEV\Redev\Budget\FY.12.Budget\Budget.Narrative\Property Report\Property.Report1-10-12.doc Contra Costa Centre* North Richmond Bay Point Rodeo Montalvin Manor Adoption Date 7/10/84 7/14/84 12/29/87 7/10/90 7/8/03 Ordinance Number 84-30 87-50 87-102 90-50 2003-23 Debt Establishment Deleted Deleted Deleted Deleted 7/8/23 Plan Effectiveness 7/10/29 7/14/28 12/29/28 7/10/31 7/8/34 Debt Repayment 7/10/36 7/14/38 12/29/38 7/10/41 7/8/49 Bond Debt Limit $160 Million ** $30 million $60 million $60 million $50 million Cumulative Tax Increment $423 million** $60 million $116 million $125 million not required Cumulative Tax Increment (through FY09/10)***$83.7 million $21.5 million $36.3 million $19.8 million $2.8 million Last Date of Plan Amendment 7/18/06 6/3/08 5/20/08 7/18/06 7/18/06 *Formerly Pleasant Hill BART **Combined for Original and Amended RDA ***Disclosure statement for FY 09/10 (3/31/11 Filing) SECTION 7 - LIST OF TIME LIMIT EXPIRATIONS Page 36 of 36