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TO: REDEVELOPMENT AGENCY Costa
FROM; Phil Batchelor Coup
Executive Director
DATE: June 6, 2000
SUBJECT: FY 99/2000 Redevelopment Agency Budget Amendment
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
ADOPT Amendment #2 to the Redevelopment Agency's FY 2000 budget for the North
Richmond, Rodeo and Oakley Project Areas.
FISCAL IMPACT
No General Fund revenues involved.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Redevelopment Agency adopted its FY 2000 budget December 7, 1999, and amended it on
March 14, 2000. Since that time additional revenues have been received, and project area
committees have recommended changes. The attached Budget Amend nt Specifications
denote the changes.
CONTINUED ON ATTACHMENT: X YES SIGNATURE: lec�
''''
RECOMMENDATION OF EXECUTIVE DIRECTOR COMMEN TION OF AGENCY
COMMITTEE APPROVE OTHER
SIGNATURE(S):
ACTION OF AGENCY ON �� ,�� APPROVED AS RECOMMENDED
' E-A~
VOTE OF COMMISSIONERS
1 HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT rm ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTIUN TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
Contact: Jim Kennedy
335-1255 ATTESTED
cc: Community Development PHIL BATCHELOR, AGENCY ECRETARY
Redevelopment Agency
County Counsel
CAO BY DEPUTY
Auditor-Controller
J K:jj r
WAPersonaMoard Orders and Greenies\FY200OBudget.doc
FY 99/2000 BUDGET AbMNDbMNT#2 SPECIFICATIONS
1. North Richmond
Description: Reallocate $82, 810 from Unallocated Housing Funds
to fund Parkway Estates project. Transfer
remaining balance of $4, 190 from Housing Band
Proceeds to Parkway Estates.
Amendment to Budget:
A. Revenues/Expenses FY99/00: Sources and Uses of Funds are:
-----USES--------------------------------------SOURCES---------------------------------------
Tax Increments Bond Proceeds
Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated -________ $ 82,840 $ 545,90 $ 254,000 $ &4&' -
Housing Funds $ 0.00 $ 540,810 $ 251,000 $ 791,810
Parkway Estates $ 82,810 4,190 87 000
2 . Oakley
Description: Allocate $1, 245, 31.4 from Unallocated Capital Fund
and $14, 410 from Light Industrial Improvements to
fund Oakley Senior Housing project. In addition,
allocate $540,276 from Unallocated Housing Funds
to Oakley Senior Housing.
Amendment to Budget:
A. Revenues/Expenses FY 99/00: Sources and Uses of Funds are:
-------USES----------------------------SOURCES-----------------------------------------------------
Tax Increments Bond Proceeds
- - _ - - -- -- - Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated $1,2455314 $5,a445249 $6,444,4-3--;-
Capital
i' 'Capital Funds $ 0.00 $5,244,219 $5,244,219
J,D2
Tax.Increments Bond Proceeds
B. Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated $540,24 $ 640,24
Housing Funds $ 0.00 $ 0.00
Light Industrial $ 50,000 $ 5990
Improvements 35,5901-315 -590
Oakley 1 259 724540 2761 800 000
Senior Housing
3 . Rodeo
Description: Received revenue of $138, 000 for Good Neighbor Housing
project.
Amendment t4 Budget:
A. Revenues/Expenses FY 99100: Sources and Uses of Funds are:
-------USES-------------------------SOURCES--------------------------------------------------------
Tax Increments Bond Proceeds
Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Senior Housing 0 0 0 910,000 $138,000 f $1,048,000
Site Development
FY 99/2000 BUDGET AMENDMENT#2 SPECIFICATIONS
1. North Richmond
Description: Reallocate $82, 810 from Unallocated Housing Funds
to fund Parkway Estates project. Transfer
remaining balance of $4, 190 from Housing Bond
Proceeds to Parkway Estates .
Amendment to Budget:
A. Revenues/Expenses FY99/00: Sources and Uses of Funds are:
-----USES---------------------------------------SOURCES-------------------
Tax Increments Bond proceeds
Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated $ � $ 545, $ {}g0 _ $ 8�8 }.
Housing Funds $ 0.00 $ 540,810 $ 251,000 $ 791,810
Parkway Estates $ 82,810 4,190 S87,000
2 . Oakley
Description: Allocate $1, 245, 314 from Unallocated Capital Fund
and $14, 410 from Light Industrial Improvements to
fund Oakley Senior Housing project. In addition,
allocate $540, 276 from Unallocated Housing Funds
to Oakley Senior Housing.
Amendment to Budget:
A. Revenues/Expenses FY 99/00: Sources and Uses of Funds are:
-------USES----------------------------SOURCES--------w-----------------------_
Tax Increments Bond proceeds
Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated $15245,314 $5,244,2;9 $6;4 a�,, 89
,633
Capital Funds $ 0.00 $5,244,219 $5,244,219
Tax Increments Bond Proceeds
B. Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated $549,276 $ 340
Housing Funds $ 0.00 $ 0.00
Light Industrial $ 59,000 $
Improvements 35 590 35,590
Oakley $1,259,724 $540,276 $1,800,000
Senior Housing
3 . Rodeo
Description: Received revenue of $138, 000 for Good Neighbor Housing
project .
Amendment to Budget:
A. Revenues/Expenses FY 99/00: Sources and Uses of Funds are:
USES---------------------------SOURCES---------------------------------------------------------
Tax Increments Bond Proceeds
---—m-- = —v— Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Senior Housing 0 0 0 910,000 $138,000 f$1,048,000
Site Development