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Home My WebLink About2018/05/15 Public Comments - Epstein C, ccnw�,v�t (cities in San Diego County > 60,000 population and with both a police department and a fire department) Median household income (2016 SANDAG est. in 2010 dollars) Encinitas: $975232 Carlsbad: $895639 San Diego: $645767 �- Chula Vista: $605589 Oceanside: $55,988 y La Mesa: $545781 San Marcos: $545769 Vista: $505102 Escondido: $495154 El Cajon: $431533 National City: $37,136 General Fund expenditures per person (SANDAG 2016 pop est.; 2017-18 City Budgets General Fund $ Population Per person Carlsbad: $145.7 million = 1129930 = $11,290 Encinitas: $64.7 million _ 615928 = $19045 San Diego: $1.433 billion = 1.39 million = $1,030 National City: $54.8 million = 60,768 = $ 902 Oceanside: $145.2 million = 175,948 = $ 825 La Mesa: $48.1 million = 595982= $ 802 Vista: $77.0 million = 989896 = $ 779 San Marcos: $73.5 million = 931,295= $ 787 El Cajon: $71.3 million = 1029337 = $ 697 Escondido: $99.4 million = 1501,760 = $ 659 Chula Vista: $166.6 million = 265,070 $ 629 = r f►� eornwl�,s CHULA VISTA IS FINACIALLY POOR (in peril?) The City government'of Chula Vista keeps pleading that they need more money, that the city is financially poor. Is that true? Yes-,itis. This is why: The population of Chula Vista is now more than a quarter=million people, well on its way to beat least a third-of a-million people. That's big,-and yet the' city has relatively little "commercial" development (Chula Vista is near the bottom in terms of sales-tax revenue per resident in the County), and even less "industrial" developments. "Commercial" and "industrial" are what create jobs and a-tax base. As you can see by Table 1, Chula Vista is fourth from the top in terms of `household incomes' of eleven cities above 58,000 in population (National City) in San Diego County, but in Table 2 Chula Vista is dead last in terms of dollars- per-resident in their General Funds. And dead last by 10%! In 1989 and again in 2005, Chula Vista `updated' its General Plan. That is when planners, with public participation, created an outline in the General Plan for developing areas like EastLake and Otay Ranch before they were built on. The result was a balanced plan of`residential,' `commercial,' and `industrial,' as you would expect of(paid?) planners. But the ink was barely dry before tM City Councils started changing `commercial' and hundreds of acres of`industrial' to `residential' at the behest and pressure of developers. Crossroads 2* has no knowledge of`residential' acreage ever being changed to `commercial' or `industrial!' We have been blessed, in a sense, by having three developers (EastLake, Otay Ranch, and Home Fed) who have been in for the long run, for decades. They have been as anxious to create a nice town as much as any of us, but unfortunately, for the long run, they specialize in 'residential,' not `commercial' nor `industrial.' u 5 d For some reason, succeeding City Councils have been very willing to accommodate residential builders by agreeing to their requests to convert `commercial,' and especially 'industrial,' to `residential.' Crossroads is on record to having opposed every proposal to change `industrial' to just more 0�_ Table 1 Median household incomes (for cities in San Diego County, >,60,000 population and with both police and fire departments) Median household income* Encinitas: $97,232 Carlsbad: $89,639 San Diego: $649,767 Chula Vista: $60,589 Oceanside: $55,988 La Mesa: $54,781 San Marcos: $54,769 Vista: $50,102 Escondido: $495154 El Cajon: $43,533 National City: $37,136 (* SANDAG estimates for 2016 in 2010 dollars) 1. FW: Chula Vista debts:,real reason for measure A- Inbox-Yahoo Mail https://mg.mail.yahoo.conVneo/b/message?sMid=l3&fid=Inbox&fid... Search Mail - Search web randy eps... I Inbox Contacts Notepad i Calendar ! Switch to the new Compose Delete Reply Reply All Forward Actions Apply Previous Next Inbox(202) Southwest Airli... Earn 40,000 points - i Sponsored Earn 40,000 points—Act now and get away Drafts(42) - - FW: Chula Vista debts:, real reason for measure Tuesday,April 24,2018 8:3r Sent A Spam(861) [Empty] From: I"Bill Schlegel"<wjschlegel@cox.net> Trash(660) [Empty] ! To: "'Sharon J. Floyd"'<sjmfloyd@cox.net>I "'Jill Galvez"'<jmgalvez@cox.net> --a Cc: "Randy Epstein"<randy–p_e@yahoo.com> My Folders [Edit] i Joseph markel"'<joseph.markel@att.net>i t — affliates prog...(26) Raw Message Archive - - { ---—----------- bussiness(3) cat(17) From: THERESA ACERRO [mailto:thacerro@yahoo.com] I Sent: Tuesday,April 24, 2018 6:15 PM chair(12) 1 To: Bill Schlegel Claude d (17) Subject: Fw: Chula Vista debts:, real reason for measure A 1, ewi HOA(20) ' ----- Forwarded Message----- From: THERESA ACERRO<thacerro@yahoo.com> Home group(1) To: Star News<carlos@thestarnews.com> Sent:Tuesday, April 24,2018, 6:14:16 PM PDT internet marke...(437) Subject: Chula Vista debts:, real reason for measure A --- npr(86)-- - - - 1 nuvinci Real reason for measure A: i.. They pay close to 40% of e employee's salary for both the city share and the employe passwords(6) share of their CALPERS pension and 2, the city owes a lot real estate(156) ► money. j Go to cities finance page to get Debt report Search I City of Chul sam It appears the city owes almost 200 million dollars. They mostly - interest and refinance as often as they can. The biggest problem ski and sandy(6) in 2002 when instead of going to the public with a bond request thomas jeffers...(3) for the new Civic Center and Police Station they borrowed the mi _ I planning to use development fees to pay it off. We still have mos untitled music that debt and no Del Rey library. This is summary: web sites(68) I I zig zigler(55) Search j City of Chula Vista i Delete Reply Reply All Forward I Actions Apply Previous Next 1 of 9 5/15/2018, 1:52 PM FW: Chula Vista debts:, real reason for measure A- Inbox- Yahoo Mail https:Hmc,.mail.yahoo.com/neo/b/message?sMid=13&fid=Inbox&fid... From debt report: City of Chula Vista Bonded Indebtedness - Outstanding Bond Iss Each of the remaining outstanding issuances that the City is rest for is described within this section. The City of Chula Vista has el into bonded indebtedness to finance various public facilities throe the City. Some of these improvements include the Civic Center Complex, Police Facility, Corporation Yard, Western Chula Vista Infrastructure, and improvements to the Nature Center (named to Living Coast Discovery Center). The debt service payments (p and interest payments) for these bonds are paid from the followi revenue sources: - General Fund: the City's General Fund is the ( main operating fund. The General Fund revenues consist of m discretionary revenue such as Sales & Use Tax, Property Tax, Franchise Fees and Transient Occupancy Tax. • Public Facil Development Impact Fees (PFDIF): these fees are charged t development to mitigate the impacts on the City's existing public facilities. More information on the PFDIF can be found in the Chu Municipal Code Chapter 3.50. • Residential Construction Tax ( Fund: this fund contains fees that are charged to new residentia including hotels and motels, which generate householders who it burden upon public facilities and infrastructure of the City. More information on the RCT can be found in the Chula Vista Municipa Chapter 3.32. Redevelopment Agency/Successor Agency Bonded Indebt - Outstanding Bond Issuances This section of the report des( outstanding issuances by the Redevelopment Agency/Successor The Redevelopment Agency originally issued debts, or more spec Tax Allocation Bonds (TABS) for the purpose of eliminating blight the City of Chula Vista . Funding for the debt payments is paid b, increment revenues. The bonds are not backed by the City's Gen Fund. City of Chula Vista Other Bonded Indebtedness - HUD Sec 108 Loan The Department of Housing and Urban Development ( awarded the City a Section 108 Loan specifically for the Castle Pi Infrastructure Improvement Project. The Section 108 Loan is an "advance" of future Community Development Block Grant (CDBC entitlement funds, therefore debt service payments are made wi- portion of the City's annual CDBG entitlement revenue for a 20 y period. The anticipated payoff date is 2028. City of Chula Vista Other Bonded Indebtedness - Special 1 Districts Special Tax Districts are created for the purpose of finz public improvements. To pay the debt service on these bonds, pz within the district are charged a special tax that is included withi property tax bill. This section of the report includes a summary c special tax districts bonds, as well as descriptions of each of the tax districts and the public improvements that they financed. Th( has two different types of special tax district indebtedness: 2 of 9 5/15/2018, 1:52 PM FW: Chula Vista debts:,real reason for measure A- Inbox-Yahoo Mail https:Hma.mail.yahoo.com/neo/b/message?sMid=13&fid=Inbox&fid... Assessment Districts (AD): these types of bonded ADs were f. under the Municipal Improvement Act of 1913. Under this type o special district financing, the cost of the improvements is spread proportionally over every parcel of land within the district that re a direct and special benefit from the improvements. • Communil Facilities Districts (CFD): the City's bonded CFDs were create( the Community Facilities District Act, or the Mello-Roos Act, sign( law in 1982. A CFD needs only find a public benefit to the comm large, in contrast to an AD where a direct/special benefit must bi Similar to an AD, the CFD debt service payments are paid by the property owners of parcels within the specific district. The City, n specifically the Finance Department, is responsible for administer managing each debt issuance. In addition to the requirement of to make the above bonds debt service payments using their stat funding sources, the City is also required to file continuing disclo on an annual basis to informational repositories that can be acce the general marketplace. Continuing disclosures are annual repo contain current financial information of the issuer which is the Ci Chula Vista , City of Chula Vista Redevelopment Agency/Success I Agency , Chula Vista Public Financing Authority or Chula Vista Mt Financing Authority. To view copies of the City's disclosure report i please visit the City's Disclosure Consultant's website at: http://www.wilIdan.com/financial/Apps/Disclosure/Default.asp of Electronic Municipal Market Access (EMMA) website at: http://emma.msrb.org/ For more information about the City's fir status, please visit the City of Chula Vista's Finance Department at: http://www.chulavistaca.gov/departments/finance General Description Date Original Outstanding Call Fund Of Issue Balance Balance Date Obligations Certificates of Participation 2014(4) Police 3/12/2014 $45,920,000 $41,170,000 10/1/', Refunding Facility COP 2015 (5) Civic 9/3/2015 $34,330,000 $33,405,000 3/1/2( Refunding Center ! COP 2016 (6) Civic 7/26/2016 $8,600,000 $8,600,000 3/1/2( Refunding Center COP Project i 2016 Lease Lease 7/26/2016 $25,885,000 25,885,000 5/1/2( Revenue Revenue j Refunding Refunding j Bonds (7) Bonds I Total $114,735,000 $109,060,000 ! General Fund 1 Obligations w 3 of 9 5/15/2018, 1:52 PM FW:Chula Vista debts:,real reason for measure A- Inbox- Yahoo Mail https:Hm-.mail.yahoo.conVneo/b/messa(re?sMid=13&fid=Inbox&fid... I Notes: 3 True Interest Cost at time of Issuance 4 2014 Refunding COP Includes the refunding of the 2002 Police Original issuance of 2002 COP was $60,145,000. 1 Original Issui only includes Principal amount 5 2015 Refunding COP refunded the 2004 COP and partially refui the 2006 COP. 6 2016 Refunding COP refunded the remaining portion of the 201 General Fund Obligation COP 7.2016 Lease Revenue Refunding Bonds advance refunded the 2 COP.. I Pledged Assets General Fund Obligations (Certificates of Participation) i i 2014 Refunding COP Police Facility Police Facility Project and Site 2015 COP Civic Center Project Civic Center complex,Fire Station Montevalle Park and existing improvements. 2016 COP Civic Center Project Civic Center complex, Fire Station j Montevalle Park and existing j improvements. t 2016 LRRB Corporation Yard, Fire Station No. Station No. 6, and Fire Station No. I 154,501,307.11 Total to be paid 2017-2036 Note: The above tot annual debt service payments include payments made from the Fund, Public Facilities Development Impact Fee (PFDIF), and Res Construction Tax (RCT) combined. 2014 Refunding Certificates of i Participation refunded the 2002 COP Police Facility Project 2015 Refunding Certificates of Participation refunded the 2004 COP an i partially refunded the 2006 COP 2016 Refunding Certificates of Participation refunded the remaining portion of the 2006 COP 20 REDEVELOPMENT AGENCY / SUCCESSOR AGENCY Total An Debt Service Payments (Principal and Interest) TABS = Tax Allocation Bonds. These bonds are issued in conjunct with a redevelopment project Fiscal Year 2016 TABS 2006 ERAF Total FY 2017 $ 849,680.00 $ 126,804.00 $ 976,484.00 j 2018 $ 2,556,750.00 $2,556,750.00 2019 $ 2,797,925.00 $2,797,925.00 2020 $2,807,075.00 $2,807,075.00 j 2021 $2,790,800.00 $2,790,800.00 j 2022 $2,788,600.00 $2,788,600.00 2023 $ 2,793,400.00 $ 2,793,400.00 I 2024 $ 2,790,100.00 $2,790,100.00 j 2025 $ 2,788,700.00 $2,788,700.00 2026 $2,784,100.00 $ 2,784,100.00 2027 $ 2,075,600.00 $ 2,075,600.00 2028 $ 2,070,575.00 $2,070,575.00 2029 $ 1,303,950.00 $ 1,303,950.00 i 4 of 9 5/15/2018. 1:52 PM FW: Chula Vista debts:,real reason for measure A- Inbox-Yahoo Mail https://mg.mail.yahoo.com/neo/b/message?sMid=13&fid=Inbox&fid... 2030 $1,298,950.00 $1,298,950.00 2031 $ 1,301,700.00 $ 1,301,700.00 2032 $ 1,297,075.00 $ 1,297,075.00 I 2033 $ 1,299,950.00 $ 1,299,950.00 2034 $ 1,300,075.00 $ 1,300,075.00 I 2035 $ 1,297,450.00 $ 1,297,450.00 2036 $ 1,297,450.00 $ 1,297,450.00 2037 $ 1,298,250.00 $ 1,298,250.00 j 2038 $ 1,304,275.00 $ 1,304,275.00 Total $41,594,980.00 $ 126,804.00 $41,721,784.00 i Tax Allocation Bonds Summary Bonds Date Original Outstanding Purpose Call Date i Description issued Issuance Balance Tax 7/13/2016 $29,315,000 $29,315,000 Refunding 10/1/2026 jAllocation Bonds of 2006 i series B & 2018 TABS I Note: The 2016 TAB Refunding Bonds were execu- refund the City's outstanding 2006 TARB Series A; TARB Series B & the 2008 TARBs. j Name of Debt Issued: 2016 TAB Refunding Bonds Amount: $29,315,000 Outstanding Balance (as of i 1/1/2017): $29,315,000 True Interest Cost: 2.44 ' Purpose of Debt (Project): Refinance 2006 TARB A (The Bayfront/Town Centre Project Area), 2006 TARB Series B (The Bayfront/Town Centre Projeci Area) and 2008 TARBs (Refinance 2000 TABS and provided funds for redevelopment activities) ; i Sources of Funds: Uses of Funds: Bond Proceeds Refun Escrow Deposits PAR Amount: $29,315,000.00 Deposit Refunding Escrow: $39,667,674.75 Net Premium / OID j $4,687,799.45 Other Sources of Funds Delivery Date Expenses Reserve Funds: $3,658,795.14 Cost of Issuar $229,869.79 Debt Service Fund: $2,673,699.00 Under% Discount: $153,728.75 Bond Insurance: Surety Premi $194,006.43 $90,013.87 TOTAL SOURCES: $40,335,293.59 TOTAL USES: $40,335,293.59 Department of Housing and Development (HUD) Section 108 Loan HUD 108 I 5 of 9 5/15/2018, 1:52 PM FW: Chula Vista debts:, real reason for measure A- Inbox -Yahoo Mail https:Hma.mail.yahoo.com/neo/b/message?sMid=13&fid=Inbox&fid... Section 108 Loan for the Castle Park Infrastructure Improvement Project by the Department of Housing and L Development (HUD). The Section 108 Loan is an "advance future Community Development Block Grant (CDBG) entitl funds and, as such, debt service payments for the Section Loan will be made with a portion of the City's annual CDB( entitlement for a period of 20 years. : Loan TOTAL $ 9,500,000.00 Interest: 5,880,634.28 TOTAL TO BE PAID OFF BY 20 15,380,634.28 Other Bonded indebtedness-Special Tax districts, which city is liable for but resident within Districts pay on tax bills. Adopted 2018 budget: The entire budget document can be found at: http://www.chulavistaca.gov/departments/finance/budget- information The mayor said there is no alternative to Measure A sales i but we believe this is because there is a huge structural p in the city's finances that the council has been avoiding fo years. Their current budget says there will be deficits star next year and growing every year after that, and they bec larger than expected income from P and A combined. i • Council item (including staff report and other documents) adopting the resolution to place measure A on the ballot: htt}�s:/ICIIulavista.legistar /L6gislationDetail.aspx?ID=3340686&GUID=358F41B2-1195-4102-9F 8AEC06D037A3&Options=IDITextl&Search= number 8 Is the n jon the city's finances by a consultant, which is pi shocking!!.!!!! Other budget matter documents: https://www.dropbox.com/sh, o2fbxxlhtsud/AACayCUB0DXm01- B5BQ--i35a?d1=0 From the State Controller's office at publicpay.ca.gov you can see what e; ' employee of the city makes and how high their pension and healthcare c They can't afford to hire more police and fire men. This is first page: I Position : Department : Total : Total Retirement !J Wages &Health Cost I I i I I i ' City $256,749 $122,257 Manager i —I- 6 of 9 5/15/2018, 1:52 PM FW:Chula Vista debts:,real reason for measure A-Inbox- Yahoo Mail https:Hma.mail.yahoo.com/neo/b/message?sMid=13&fid=lnbox&fid... I I t i I Deputy City Manager Administration $233,680 $70,830 I i i i j Chief Of Police Police $232,695 $69,597 I I Fire Battalion Chief(80 Fire $232,452 $68,106 ! HR) 1 I i i Deputy City Manager Administration $228,761 $77,182 I I I Police Sergeant Police Dept Grants Fund $224,323 $63,424 i i Fire Captain (80 HR) Fire $223,660 $56,196 i i i i i Police Agent Police Dept Grants Fund $219,724 $51,186 i I Sr Asst City Attorney City Attorney $210,557 $55,281 i { I i I Police Lieutenant Police $206,201 $68,855 I Fire Chief Fire $206,104 $78,460 i I I 1 7 of 9 5/15/2018, 1:52 PM FW: Chula Vista debts:,real reason for measure A--Inbox - Yahoo Mail https:Hm-.mail.yahoo.com/neo/b/messaee?sMid=13&fid=lnbox&fid... Fire Battalion Chief(112 Advanced Life Support $203,311 $71,407 HR) Program I I Development Svcs Dept Planning& Building $201,844 $61,511 Director Services I I I Fire Battalion Chief(112 Fire S200,521 $67,898 HR) ; i i Dir Of Info Tech Svcs Information Technology $199,112 $50,217 I S NCS I i I 1 I Fire Battalion Chief(112 Fire S198,070 $65,588 HR i i +� Police Sergeant Police S197,613 $58,608 I i I ; I Director Of Finance Finance $196,135 $66,437 i I 1 I i Fire Battalion Chief(112 Fire S195,081 $62,772 HR i City Attorney(Elected) City Attorney $194,567 $71,469 Dir Of Library Library $193,247 $62,720 i i 8 of 9 5/15/2018, 1:52 PM 1 FW: Chula Vista debts:,real reason for measure A- Inbox-Yahoo Mail https://mg.mail.yahoo.com/neo/b/message?sMid=13&fid=Inbox&fid... i Dir Of Public Works Public Works $192,443 $72,100 i I Fire Captain (112 HR) Fire $191,904 $61,047 i I i i Fire Captain(112 HR) Fire $191,689 $51,182 I i I t Dir Of Econ Development Community Development $190,628 $68,248 i I Fire Battalion Chief(112 Fire $190,018 $62,755 HR) i i i Compose 9 of 9 5/15/2018, 1:52 PM