HomeMy WebLinkAbout2003 07 16 CC MIN SM2003 07 16 CC MIN SM (Ìì & < ëCOUNCIL CHAMBER
14403 E. PACIFIC AVENUE
BALDWIN PARK. CA 91706
JULY 16, 2003
WEDNESDAY
5:30 P.M.
The CITY COUNCIL and COMMUNITY REDEVELOPMENT AGENCY/HOUSING &
FINANCE AUTHORITY of the City of Baldwin Park met in a SPECIAL MEETING at the
above time and place.
ROLL CALL
Present: Councilmember/Member Marlen Garcia, David Olivas, Ricardo Pacheco, Mayor Pro-
Tem/Vice-Chair Bill Van Cleave arrived at 6:05 p.m.), and Mayor/Chair Manuel Lozano
Also Present: Dayle Keller, Chief Executive Officer/Executive Director; Stephanie Scher, City
Attorney/Agency Attorney; Mark Kling, Chief of Police; Jose Sanchez, Finance Director;
Shafique Naiyer, Public Works Director; Melecio Picazo, Interim Community Development
Director; Manny Carrillo, Recreation and Community Services Director; Dolores Gonzalez-
Hayes, Housing Director; and Rosemary M. Ramirez, Chief Deputy City Clerk
SUBSEQUENT NEED ITEM ADDED TO AGENDA
Attorney Scher advised the Agency/City Council that an item regarding Conference with
Legal Counsel Existing Litigation had developed after the posting of the notice of
agenda. There is an immediate need to provide a briefing to the City Council regarding this
matter. Attorney Scher recommended that this matter be added to the Closed Session
portion of this agenda.
A motion was made to add the item as recommended by the attorney as follows:
CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION GC 54956-9) Name:
Power Up Raceway Jean Carpenter)
MOTION: Vice Chair Van Cleave SECOND: Member Olivas Carried
NEW BUSINESS
The City Council, Redevelopment Agency and Housing and Finance Authority adjourned to
the 3rd Floor, Room 307 for the purpose of conducting the Redevelopment Budget Workshop
for FY 2003-04.
REDEVELOPMENT BUDGET WORKSHOP FY 2003-04
Director Sanchez and Interim Director Picazo jointly presented the report as follows:
SAN GABRIEL RIVER PROJECT AREA
The San Gabriel Redevelopment Project Area was adopted on December 2, 1976. It
encompasses 189 acres and is located in the northwest part of the City, along the 605
freeway between Live Oak Avenue and the San Gabriel River. A three-building industrial
park totaling 89,000 square feet is constructed at Live Oak and Stewart Avenues.
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003
Proposed Budget FY 2002-03 San Gabriel River Project
Page 2
Account Number
Capital Project Fund
Debt Service Fund
Description
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total San Gabriel River Fund
2001-02 Budget 2001-02 Actual 2002-03 Proposed Budget
155,000 265.200 110.200) 180,001 184.039 4,038) 240,248 245.348 5,100)
1,440,000 1,542,502 1,347,588 1.613.369 265,781) 269,819) 1,794,575 1.657.411
102.502) 212.702) 137,164 132,064
Budget notes: Interest $311,000 on County set-aside funds for overpayment; Transfer to the
Education Revenue Augmentation Fund ERAF) OF $27,57; and, the San Gabriel
Redevelopment Project does not have pass through Agreement with County taxing entities.
Cash Analysis FY 2002-03; Project Area: San Gabriel River Project
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
DEBT SERVICE FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
*Restricted Cash County Set-aside Requirement $1,311,000
240,248
245.348)
3,837)
8,937)
1.827,104
1,794,575
1,657,411)
1.964.268*
Auditor- Controller, Tax Division; Baldwin Park San Gabriel River #114.03) Revised
Repayment Schedule
FISCAL YEAR
1998-99
1999-00
2000-01
OVERPAYMENT
AMOUNT
A)
282,452.00
282,452.00
282,452.00
AMOUNT
RECOVERED
B)
91,563.03)
9,697.60)
0.00
OUTSTANDING
OVERPAYMENT
BALANCE
C)
Col. A B)
190,888.97
272,754.40
282.452.00
REVISED
REPAYMENT
AMOUNT/TERM
D)
91,563.03
9,697.60
0.00
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003 Page 3
2001-02 282,452.00 282,452.00) 282,452.00
2002-03 282,452.00 282,452.00) 282,452.00
2003-04 282,454.86 282,454.86 282,452.00
2004-05 282,452.00
2005-06 282,452.00
2006-07 181,194.23
Total 1,694.714.86 666,164.63) 1.028.550.23 1,694.714.86
Source:
LA County Department of Auditor-Controller
Monthly CRA Remittance Advice Statements
PUENTE MERGED PROJECT AREA
The Puente Merced Redevelopment Project Area was adopted on August 16, 1978. It
encompasses 17 acres and is located adjacent to the 1-10 freeway at the intersection of
Merced and Puente Avenues. The 130,000 square foot Home Depot opened in December
1999, adjacent to the San Gabriel Valley Hotel. Quizno's Subs moved into the Baldwin Park
Towne Center in November 1999, and Starbucks Coffee moved into the old Taco Cabana
site in September 2001.
Proposed Budget FY 2002-03 Puente Merced Project Area)
Account Number
Capital Project Fund
Description
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
2001-02
Budget
2001-02
Actual
55,619 59,491
58.119 64.529
2.500) 5,038)
2002-03
Proposed
Budget
60.605
65,705
5,100)
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total Puente Merced Area Fund
673.174
662,532
10.642
8,142
881,104
564.353
316.751
311.713
748,470
624.305
124,165
119.065
Budget notes: BPFA 1990 Series B Refunding Loan; Includes estimated deferred pass thru's
of $129.654; Includes $5.292 transfer to the Education Revenue Augmentation Fund ERAF)
and 14.5% or $40,958 to Consolidated Fire Protection District CFPD) per agreement dated
November 6, 1984.
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003
Cash Analysis FY 2002-03; Project Area: Puente Merced
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
60,605
65705)
Page 4
5,038)
10,138)
DEBT SERVICE FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
304.386
748,470
624,305)
428,551
WEST RAMONA BOULEVARD PROJECT
West Ramona Boulevard Redevelopment Project Area was adopted on September 6, 1979.
It encompasses 14 acres and is located along Ramona Boulevard between the western City
limits and Baldwin Park Boulevard. This area is built out with multi-family residential and
small commercial uses. This area was a section of the former Pacific Red Car right of way.
Proposed Budget FY 2002-03 West Ramona Boulevard Project)
Account Number
Capital Project Fund
Debt Service Fund
Description
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total West Ramona Blvd Fund
2001-02 Budget 2001-02 Actual 2002-03 Proposed Budget
3,582 8,282 4,700) 3,475 6.031 2,556) 3,475 4.475 1,000)
197.000 154.408 M2.592) 37,892) 197,494 188.619 194,347 116.245
8,875) 6.319) 78,102
77,102
Budget notes: 2000 Merged Project Area Bonds Fund 228); Includes $6,383 transfer to the
Education Revenue Augmentation Fund ERAF) and $34,154 to Consolidated Fire District
CFPD) per Agreement dated September 5, 1984.
Cash Analysis FY 2002-03; Project Area: West Ramona Boulevard
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
3.475
2,556)
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
4,475)
Page 5
3,556)
DEBT SERVICE FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
215.257
194,347
116,245)
293,359
CENTRAL BUSINESS DISTRICT PROJECT AREA
The Central Business District Redevelopment Project Area was adopted on February 3,
1982. It encompasses 130 acres and is located along Maine Avenue between Ramona
Boulevard and dark Avenue and on Ramona Boulevard from Downing and La Rica
Avenues. A retail development is situated at the southeast corner of Baldwin Park and
Ramona Boulevards in downtown. Washington Mutual moved into the old Sizzler site within
the Park Plaza and Vallarta's Supermarket has moved into the vacant 30,400 square foot
building previously occupied by Food 4 Less. Hollywood Video and Blockbuster Video both
have located along Ramona Boulevard.
Proposed Budget FY 2002-03 Central Business District Project Area
Account Number
Capital Project Fund
Description
2001-02 Budget 2001-02 Actual 2002-03 Proposed Budget
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
245,037 240,974
652.447 343.811
407,410) 102,837)
242,391
296.391
54,000)
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total Central Business Dist Fund
583,611
843.608
259.997)
667.407
527,314
670.696
143.382
246.219)
501,457
723.886
222.429)
276.429)
Budget Notes: BPFA 1990 Series; Includes estimated deferrals of $221,862; Includes
$22,925 transfer to the Education Revenue Augmentation Fund ERAF); 15.7% OR $136,875
to Consolidated Fire Protection District CFPD) and 49.6% or $210,558 to County taxing
entities County General, Library and Flood) per Agreement dated October 13, 1982.
Cash Analysis FY 2002-03; Project Area: Central Business District
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
0
242,391
296,391)
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003
Estimated Ending Cash Balance 06/30/03
Page 6
54.000)
DEBT SERVICE FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
501,457
723.886)
222,428)
RECESS
Due to time constraints, the Council was not able to conclude the remaining portion of the
Community Redevelopment Budget presentation. The meeting recessed at 6:55 p.m.
Clerk's notes: Although the following was not delivered to the Council in presentation
format, copies of the following information was distributed to each member of the
Council and included as part of the above presentation:
DELTA PROJECT
The Delta Redevelopment Project Area was adopted on December 21, 1983. It
encompasses 92 acres and is located in the southwest portion of the City at the intersection
of the 1-605 Freeway and the 1-10 Freeway. Said project area is built out with industrial and
office uses.
Proposed Budget FY 2002-03 Delta Project
Account Number
Capital Project Fund
Description
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
2001-02
Budget
11,800
11.800
2001-02
Actual
11,706
16.744
5,038)
2002-03
Proposed
Budget
11,714
16.814
5.100)
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total Delta Project Fund
186.400
158.210
28.190
28,190
219,765
192.214
27,551
22.513
191.274
121717
69.557
64.457
Budget notes: Delta Assessment District Bonds refunded with proceeds of 2000 Merged
Area Bonds Fund 228); Includes $6,454 transfer to the Education Revenue Augmentation
Fund ERAF); 14.5% or $38,189 to Consolidated Fire District CFPD) and $27,458 to County
owned property per Agreement dated November 1, 1983.
Cash Analysis FY 2002-03; Project Area: Delta Project
CAPITAL PROJECT FUND
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
DEBT SERVICE FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
11,714
16,814)
Page 7
5,038)
191.274
121,717)
10,138)
22,191)
47,366
SIERRA VISTA PROJECT
The Sierra Vista Redevelopment Project Area was adopted on July 2, 1986. It consists of
500 acres and is located along either side of the commercial frontage along the 1-10 Freeway
within the City limits and also a small non-contiguous area located east of the CBD project
area. Kaiser Permanente received tax-exempt status in 1999 resulting in a reduction to the
Agency's Tax Increment revenue. Laidlaw's Harley-Davidson, In-N-Out Burger maintenance
facility, a new Burger King and a Jack-in-the-Box are within this project area. A 24-Acre
development is proposed with 260,000 square feet of retail space, anchored by Wal-Mart,
including nationally recognized tenants.
Proposed Budget FY 2002-03 Sierra Vista Project
Account Number
Capital Project Fund
Description
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
2001-02 Budget 2001-02 Actual 2002-03 Proposed Budget
21,072.500 20.239.208 833.292 10,242,252 10,646.447 14,020,924 10.056.974 3,963,950
404,195)
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total Sierra Vista Project Fund
1,020,260 1,281.054 622,276 976,721 354,445) 758.640) 4,552,381 4,604,541
260.794 572.498 52,160) 3,911,790
Budget notes: Sale of land at 24-acre site to developer for $11,300,000 which is anticipated
to be received during FY 2003-04; Reduced Tax Increment Revenue due to Kaiser
Permanente appeals and termination of County deferral; EDA Grant in the amount of
$709,000; Capital project transfers for Rancho Bank and Bank of the West loans repayment
of $3,636,000 and Rancho Bank estimated interest expense of $218,426; Includes $42,011
transfer to the Education Revenue Augmentation Fund ERAF); $104.498 annual growth;
$57,636 Health & Safety Code Section 33676 adjustments; 37.3% or $596.725 County taxing
entities County General, Library and Flood) and 15% or $239,970 Consolidated Fire
Protection District CFPD) per Agreement dated March 4, 1987.
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003
Cash Analysis FY 2002-03; Project Area: Sierra Vista Project
CAPITAL PROJECT FUND
Page8
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
DEBT SERVICE FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
14,020,924
10,056.974)
438.453)
4,552,381
4,604,541)
3.525,497)
604.733)
552,573
MERGED PROJECT AREA
The Merged Project Area was formed for the purpose of refunding outstanding bonds in the
following Project Areas: 1) San Gabriel River; 2) West Ramona; 3) Delta; and 4) Sierra Vista.
The Bonds were issued to provide funds to refund indebtedness incurred by the Projects
listed above. A Resolution of the Baldwin Park Redevelopment Agency Authorizing the
Issuance of Not to Exceed $11,000,000 Principal Amount of Merged Redevelopment Project
2000 Tax Allocation Refunding Bonds was adopted on May 17, 2000. The Merged
Redevelopment Project 2000 Tax Allocation Refunding Bonds were issued for $10,215,000
on June 15, 2000. Tax Revenues consisting of Tax Increment Revenues were pledged to the
repayment of the Bonds.
Proposed Budget FY 2002-03 Merged Project Area
Account Number
Debt Service Fund
Description
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
2001-02
Budget
925.918
925,918
2001-02
Actual
1.326,762
930,048
396.714
2002-03
Proposed
Budget
631.341
635.541
4.200)
Budget notes: Transfers in from the San Gabriel, Delta, Sierra Vista and West Ramona
project areas for the Merged Redevelopment Bonds; Merged Redevelopment 2000 Tax
allocation Bonds: 1) San Gabriel River Series 1998 Housing Portion; 2) West Ramona
Boulevard 1989 Bonds; 3) Delta Assessment District 86-2; 3) Sierra Vista Tax Allocation
Bonds 1994 Series A.
LOW & MODERATE INCOME HOUSING FUND
Redevelopment Law requires redevelopment agencies to set aside 20% of the tax
increments to a special Low and Moderate Income Housing Fund. The Housing Fund must
be used to increase, improve and preserve the community's supply of low and moderate
income housing" within the City limits.
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003 Page 9
Proposed Budget FY 2002-03 Low & Moderate Income Housing Fund
Account Number
Description
2001-02
Budget
2001-02
Actual
2002-03
Proposed
Budget
Low & Moderate
Housing
Low/Mod Housing Revenue
Low/Mod Housing Expenditure
815,583
1.436.391
620.808)
1,115,773
1,077,946
963.407
1,067.764
37.827 104,357)
Single Family
Refinance
Single Family Repo Subtotal
Total Debt Service Fund
9.243
611,565)
1751
39.578
1,313
103.044)
Budget notes: Includes payments to Safran of $200,000, DC Dalewood of $133,700 and DC
Badillo of $133,700; Transfers in from project areas for 20% Housing set-aside requirement;
Loan payoff for down payment assistance program and DC Project; Represents 12.5% paid
by Low Moderate Income Housing Fund to First-time Home Buyers.
Cash Analysis FY 2002-03; Project Area: Low & Moderate Income Housing Fund
LOW & MODERATE INCOME HOUSING FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
1.244.324
963,407
1.067.764)
1.139,967)
S//VGLE FAMILY REFINANCE HOUSING FUND
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
1.313
250.516
251,829
INDEBTEDNESS / COMBINED CASH ANALYSIS
Baldwin Park Redevelopment Agency Cash Analysis FY 2002-03
COMBINED CAPITAL PROJECT
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
14,579.357
10,685,707)
454.922)
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & <
ëStudy Session Minutes July 16, 2003
Estimated Ending Cash Balance 06/30/03
COMBINED DEBT SERVICE
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
COMBINED SPECIAL REVENUE
Beginning Cash Balance 07/01/02
Budgeted Revenue 2002-03
Budgeted Expenditures 2002-03
Estimated Ending Cash Balance 06/30/03
Page 10
3,438,728
2,929.290*
7,982,504
7,848.104)_______
3.063.689
1,494,840
964,720
1.067,764)________
1,391.796
TOTAL ESTIMATED COMBINED CASH BALANCE AT 6/30/03 $7.894,214
LESS: RESTRICTED CASH LA COUNTY SET-ASIDE 1.311.002)*
TOTAL ESTIMATED AGENCY CASH BALANCE AT 6/30/03 $ 6,583,212
*lncludes $1,311,002 with fiscal agent for LA County Set-aside requirements. This amount
deducted from total estimated combined cash balance to arrive at CRA cash available for
capital project and debt service payments.
CLOSED SESSION
The City Council, Redevelopment Agency and Housing and Finance Authority recessed to
Closed Session at 7:00 p.m. and reconvened at 9:45 p.m., recessed at 9:56 p.m. and
reconvened at 10:45 p.m., with all members present. City Attorney Scher reported the action
as follows:
CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION GC 54956.9)
Subsequent Need Item Added to Agenda)
Name of Case: Power-up Raceway Jean Carpenter
Action: Direction was provided to Staff. No reportable action
taken, nothing further to report.
PUBLIC EMPLOYEE APPOINTMENT GC 54957)
Title: Public Works Director
Action: No reportable action was taken. Nothing further to
report,
CONFERENCE WITH REAL PROPERTY NEGOTIATOR GC 54956.8)
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06
2003 07 16 CC MIN SM (Ìì & < ëStudy Session Minutes July 16, 2003 Page 11
Property:
Negotiating Parties:
Agency Negotiators:
Under Negotiation:
Action:
3145 Baldwin Park Boulevard
Agency Negotiating with Arman Gabay of M & A GABAEE,
LLP
Dayle Keller, Stephanie Scher, Melecio Picazo, and other
representatives as designated
Price and Terms of Payment
Direction was provided to Agency Negotiators. No
reportable action was taken. Nothing further to report.
CONFERENCE WITH LABOR NEGOTIATOR GC 54957.6)
Agency Negotiators:
Employee Organizations:
Action:
Dayle Keller, Chief Executive Officer; Jose Sanchez,
Finance Director; Kara Bouton. Assistant to the Chief
Executive Officer; and other representatives as designated
SEIU Employees. Clerical Employees. Professional and
Technical Employees, Confidential Employees, and
General Management Employees
Direction was provided to Negotiators. No reportable
action was taken. Nothing further to report.
THREAT TO PUBLIC SERVICES OR FACILITIES GC 54957 a))
Consultation With:
City of Baldwin Park Police Department
Police Chief Mark P. Kling
No reportable action was taken. Nothing further to
report.
Action:
ADJOURNMENT
There being no other matters before the Council/Agency, the meeting was adjourned at 10:50
p.m., to July 30, 2003 at 4:30 p.m.
Approved as presented by the Council/Agency at their meeting held August 20. 2003.
Rosemary M. Ramwe^ CMC
Chief Deputy City Clerk
Jose Sanchez
Agency Secretary
BIB]
37868-U01
2003-U02
07-U02
16-U02
CC-U02
MIN-U02
SM-U02
LI1-U03
FO8420-U03
FO16119-U03
DO23292-U03
C4-U03
MINUTES1-U03
9/4/2003-U04
ROBIN-U04
SPECIAL-U05
MEETING-U05
CITY-U06
COUNCIL,-U06
COMMUNITY-U06
REDEVELOPMENT-U06
AGENY/HOUSING-U06
&-U06
FINANCE-U06
AUTH.-U06