HomeMy WebLinkAbout2003 11 05 CC MIN SS2003 11 05 CC MIN SS (Ìì ä h
COUNCIL CHAMBER
14403 E. PACIFIC AVENUE
BALDWIN PARK. CA 91706
NOVEMBER 5, 2003
WEDNESDAY
5:00 P.M.
The CITY COUNCIL and COMMUNITY REDEVELOPMENT AGENCY of the City of
Baldwin Park met in STUDY SESSION 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, and Mayor/Chair Manuel Lozano
Also Present: Dayle Keller, Chief Executive Officer/Executive Director; Stephanie Scher, City
Attorney/Agency Attorney; Michael Stedman, Police Captain; 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 Kathleen Sessman, Deputy City Clerk
The City Council adjourned at 5:45 p.m., to the 3rd Floor, Room 307.
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.
Proposed Budget FY 2003-04 San Gabriel River 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 San Gabriel River Fund
2002-03 Budget 2002-03 Actual 2003-04 Proposed Budget
240,248 245,348 5,100) 213,243 218,256 5,013) 227,692 232,842 5,150)
1,794,575 1,657,411 973,110 1.670,322 697,212) 702,225) 1,062,810 1,614,798 551,989) 557,139)
137,164 132,064
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Budget notes: Consists of 1998 Tax allocation bonds of $741,023 and 2000 Merged Project
Area Bonds of $130,882; Transfer to the Education Revenue Augmentation Fund ERAF) OF
$37,794 and Co General pass thru of $2,500.
Cash Analysis FY 2003-04; Project Area: San Gabriel River Project
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
DEBT SERVICE FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
*Restricted Cash County Set-aside Requirement) $1,028,550
227,692
232,842)
5,013)
10,163)
1,132467
1,062,810
1,614,798)
580,479*
Auditor- Controller, Tax Division; Baldwin Park San Gabriel River #114.03) Revised
Repayment Schedule
FISCAL YEAR OVERPAYMENT
AMOUNT
A)
AMOUNT
RECOVERED
B)
OUTSTANDING
OVERPAYMENT
BALANCE
C)
Col.A-B)
REVISED
REPAYMENT
AMOUNT/TERM
D)
1998-99 282,452.00 91,563.03) 190,888.97 91,563.03
1999-00 282,452.00 9,697.60) 272,754.40 9,697.60
2000-01 282,452.00 0.00 282,452.00 0.00
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
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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 2003-04 Puente Merced Project Area)
Account Number
Capital Project Fund
Description 2002-03
Budget
Capital Projects Revenue 60,605
Capital Projects Expenditure 65.705
Total Capital Projects Fund 5,100)
2002-03
Actual
90,470
94.383
3,913)
2003-04
Proposed
Budget
97,480
102,030
4,550)
Debt Service Fund
Debt Service Revenue 748,471
Debt Service Expenditure 624.305
Total Debt Service Fund 124.166
Total Puente Merced Fund 119.066
840,749
760.206
80.206
76.630
814,000
735,277
78.723
74.173
Budget notes: BPFA 1990 Series B Refunding Loan; Includes estimated deferred pass thru's
of $135,440; Includes $6,030 transfer to the Education Revenue Augmentation Fund ERAF)
and 14.5% or $42,786 to Consolidated Fire Protection District CFPD) per agreement dated
November 6, 1984.
Cash Analysis FY 2003-04; Project Area: Puente Merced
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
97,480
102.030)
3,913)
8,463)
DEBT SERVICE FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
814,000
735,277)
560,614
639,337
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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 2003-04 West Ramona Boulevard Project)
Account Number
Capital Project Fund
Description
2002-03 Budget 2002-03 Actual 2003-04 Proposed Budget
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
3,475
4.475
1,000)
3,688
4.688
1,000)
3,914
4.914
1,000)
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total West Ramona Blvd Fund
194,347
116.245
78.102
77,102
198,094
162.761
35.333
34.333
203,464
151.448
52.016
51,016
Budget notes: 2000 Merged Project Area Bonds Fund 228); Includes $4,987 transfer to the
Education Revenue Augmentation Fund ERAF) and $35,095 to Consolidated Fire District
CFPD) per Agreement dated September 5, 1984.
Cash Analysis FY 2003-04; Project Area: West Ramona Boulevard
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
1,000)
3,914
4,914)
2,000)
DEBT SERVICE FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
249.384
203,464
151,448)
301,400
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
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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 2003-04 Central Business District Project Area
Account Number
Capital Project Fund
Description
2002-03 Budget 2002-03 Actual 2003-04 Proposed Budget
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
242,391 256,537
296.391 267.107
54,000) 10,570)
306,930
358.420
51,490)
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
Total Central Business Dist Fund
501,457
723.886
222,429)
276.429)
519,889
509.751
10.138
432)
706,074
1.118.799
412.726)
464.216)
Budget Notes: BPFA 1990 Series; Includes estimated deferrals of $192,243; Includes
$18,610 transfer to the Education Revenue Augmentation Fund ERAF); 15.7% OR $153,583
to Consolidated Fire Protection District CFPD) and 49.6% or $485,204 to County taxing
entities County General, Library and Flood) per Agreement dated October 13, 1982.
Cash Analysis FY 2003-04; Project Area: Central Business District
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
306,930
358,420)
107,753)
159,243)
DEBT SERVICE FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
706,074
1,118,799)
579,656)
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.
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Proposed Budget FY 2003-04 Delta Project
Account Number
Capital Project Fund
Description 2002-03 2002-03 2003-04
Budget Actual Proposed
Budget
Capital Projects Revenue 11,714 23,413 25,682
Capital Projects Expenditure 16,814 27,326 30.232
Total Capital Projects Fund 5,100) 3,913) 4,550)
Debt Service Fund
Debt Service Revenue 191,274 197,268 201,002
Debt Service Expenditure 121717 180.873 189,523
Total Debt Service Fund 69.557 16.395 11.480
Total Delta Project Fund 64,457 12,482 6,930
Budget notes: Delta Assessment District Bonds refunded with proceeds of 2000 Merged
Area Bonds Fund 228); Includes $5,622 transfer to the Education Revenue Augmentation
Fund ERAF); 14.5% or $39,537 to Consolidated Fire District CFPD) and $28,007 to County
owned property per Agreement dated November 1, 1983.
Cash Analysis FY 2003-04; Project Area: Delta Project
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
DEBT SERVICE FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
25,682
30.232)
3,913)
201,002
189,523)
8,463)
23,385)
34.864
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.
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Proposed Budget FY 2003-04 Sierra Vista Project
Account Number
Capital Project Fund
Description
Capital Projects Revenue
Capital Projects Expenditure
Total Capital Projects Fund
2002-03 Budget 2002-03 Actual 2003-04 Proposed Budget
14,020,924 10,056,974 429,108 2,390,244 13,298,651 8,758,215 4,540,436
3,963,950 1,961,136)
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
4,552,382 4,604,541 652,309 1,576,622 3,996,291 4,754,556
52,159) 3,911,791 924,313) 2,885,449) 758,265) 3,782,171
Total Debt Service Fund
Total Sierra Vista Project Fund
Budget notes: Sale of land at 24-acre site to developer, escrow fees and other closing
adjustments; EDA Grant; Capital project transfers for Rancho Bank and Bank of the West
loans repayment of $3,088,800 and Rancho Bank estimated interest expense of $52,450 and
Agency Assistance transfers of $200,000; Includes $34,149 transfer to the Education
Revenue Augmentation Fund ERAF); $102,665 annual growth; $51,333 Health & Safety
Code Section 33676 adjustments; 37.3% or $638,235 County taxing entities County
General, Library and Flood) and 15% or $256,662 Consolidated Fire Protection District
CFPD) per Agreement dated March 4, 1987.
Cash Analysis FY 2003-04; Project Area: Sierra Vista Project
CAPITAL PROJECT FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
DEBT SERVICE FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
13,298,651
8.758,215)
1,860,051)
2,680,385)
1,118,364
3,996,291
4,754.556)
360,099
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
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on June 15, 2000. Tax Revenues consisting of Tax Increment Revenues were pledged to the
repayment of the Bonds.
Proposed Budget FY 2003-04 Merged Project Area
Account Number
Description
2002-03 Budget 2002-03 Actual 2003-04 Proposed Budget
Debt Service Fund
Debt Service Revenue
Debt Service Expenditure
Total Debt Service Fund
631,341
635.541
4,200)
719,851
656,395
63,456
717,263
661.063
56,200
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.
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.
Proposed Budget FY 2003-04 Low & Moderate Income Housing Fund
Account Number
Description
2002-03
Budget
2002-03
Actual
2003-04
Proposed
Budget
Low & Moderate
Housing
Low/Mod Housing Revenue
Low/Mod Housing Expenditure
963,406 1.067,764 2,039,747 508,995 1,530752 1,399,060 1,179,450
104,358) 219,610
Single Family
Refinance
Single Family Refinance Subtotal
Total Debt Service Fund
1.313
103,045)
1.974
1,532,726
1.500
221,110
Budget notes: 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, match no longer required.
Cash Analysis FY 2003-04; Project Area: Low & Moderate Income Housing Fund
LOW & MODERATE INCOME HOUSING FUND
2,171,035
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
1,399,060
1.179.450)
2,390,644
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SINGLE FAMILY REFINANCE HOUSING FUND
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
Page 9
253,102
1.500
254,602
INDEBTEDNESS / COMBINED CASH ANALYSIS
Baldwin Park Redevelopment Agency Cash Analysis FY 2002-03
COMBINED CAPITAL PROJECT
Beginning Cash Balance 07/01/03 1,981,641)
Budgeted Revenue 2003-04 13,960,349
Budgeted Expenditures 2003-04 9.486,653)_______
Estimated Ending Cash Balance 06/30/04 2,492,055
COMBINED DEBT SERVICE
Beginning Cash Balance 07/01/03
Budgeted Revenue 2003-04
Budgeted Expenditures 2003-04
Estimated Ending Cash Balance 06/30/04
2,917,284*
6,983,640
8,564.401)________
1.336,524
COMBINED SPECIAL REVENUE
Beginning Cash Balance 07/01/03 2,424,137
Budgeted Revenue 2003-04 1,400,560
Budgeted Expenditures 2003-04 1,179,450)
Estimated Ending Cash Balance 06/30/04 2,645.247
TOTAL ESTIMATED COMBINED CASH BALANCE AT 6/30/04 $6,473,826
LESS: RESTRICTED CASH LA COUNTY SET-ASIDE 1.028.550)*
TOTAL ESTIMATED AGENCY CASH BALANCE AT 6/30/04 $ 5,445,276
Includes $1,028,550 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 6:45 p.m. and reconvened at 7:00 p.m., recessed at 8:27 p.m.,
reconvened at 8:40 with all members present. City Attorney Scher reported the action as
follows:
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CONFERENCE WITH REAL PROPERTY NEGOTIATOR GC 54956.8)
Property: 14173 Garvey Avenue
Negotiating Parties: Agency Negotiating with Southland Companies
Agency Negotiators: Dayle Keller, Stephanie Scher and Melecio Picazo
Under Negotiation: Price and Terms of Sale
Action: Direction was given. No reportable action was taken.
Nothing further to report.
PRESENTATIONS
GANG ACTIVITY PREVENTION PRESENTATION
By council consensus, Gang Activity Prevention Presentation was tabled to a later date.
There were no objections.
ADJOURNMENT
There being no other matters before the Council/Agency, the meeting was adjourned at 8:45
p.m.
Approved as presented by the Council/Agency at their meeting held November 19, 2003.
y^^^Li^uA Qij^'l^rn a^L_____
Kathleen R. Sessman
Jose Sanchez
Agency Secretary
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