HomeMy WebLinkAboutRDA Packet 1996/10/15
Tuesday, October 15, 1996 Council Chambers
6:00 p.m. Public Services Building
(immediately foIlowing the City Council meeting)
Regular Meeting of the Redevelooment Agencv of the Citv of Chula Vista
CALL TO ORDER
I. ROLL CALL: Agency Members Alevy -, Moot -, Padilla -,
Rindone -' and Chair Horton -
'" dec~ore un"er re~cl!" . ,
em be' b. t"" t",. "0 of "',.r,llry thatr allT
2. APPROVAL OF MINUTES: None Co'..""", ti Cof) .. ".t, 'J,' r",:; V.c'a in the
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CONSENTCALEND'm ' . '"',Cd",n, d;i""'~j nul/on
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(NO ITEMS SUBMITTED) '~¡"':d,D A~./I~fu~ -"
PUBLIC HEARINGS AND RELATED RESOLUTIONS AND ORDINANCES
The following items have been advertised and/or posted as public hearings as required by law. If you wish to
speak to any item, please fill out the "Request to Speak Form" available in the lobby and submit it to the
Secretary of the Redevelopment Agency orthe City Clerk prior to the meeting. (Complete the green form to speak
infavorofthe staffrecommendation; complete thepinkform to speak in opposition to the staffrecommendation.)
Comments are limited to five minutes per individual.
3. PUBLIC HEARING TO CONSIDER ADOPTION OF THE 1996-97 REDEVELOPMENT
AGENCY BUDGET AND APPROPRIATING FUNDS THEREFOR--The
Redevelopment Agency budget was approved by the City Council as part of
the City budget process, but still requires the formal adoption by the Agency
Board. Staff recommends approval of the resolution adopting the FY 1996-97
Redevelopment Agency budget. f4/5ths Vote Refluiredl (Community
Development Director) Item continued from the meet!n!! of 10101196.
AGENCY
RESOLUTION 1519 ADOPTING THE REDEVELOPMENT AGENCY BUDGET FOR
FISCAL YEAR 1996-97 AND APPROPRIATING FUNDS THEREFOR
ORAL COMMUNICATIONS
This is fin opportunity for the general public to address the Redevelopment Agency on any subject matter within
the Agency's jurisdiction that is not an item on this agenda. (State law, however, generally prohibits the
Redevelopment Agency from taking action on any issues not included on the posted agenda.) If you wish to
address the Council on such a subject, please complete the yellow "Request to Speak Under Oral Communications
Form" available in the lobby and submit it to the Secretary to the Redevelopment Agency or City Clerk prior to
the meeting. Those who wish to speak, please give your name and address for record purposes and follow up
action. Your time is limited to three minutes per speaker.
Agenda .2. October 15, 1996
ACTION ITEMS
The items listed in this section of the agenda are expected to elicit substantial discussions and deliberations by
the Agency, staff, or members of the general public. The items will be considered individually by the Agency
and staff recommendations may in certain cases be presented in the alternative. Those who wish to speak, please
fill out a "Request to Speak" form available in the lobby and submit it to the Secretary to the Redevelopment
Agency or the City Clerk prior to the meeting. Public comments are limited to five minutes.
4. REPORT STATUS OF FAMILY FUN AND RECREATION CENTER PROJECT
AND PRESENTATION OF PRELIMINARY ALTERNATIVE
PROPOSALS FOR THE LOWER SWEETWATER V ALLEY AREA AT
THE SOUTIIWEST QUADRANT OF SR-54 AND 1-805-- The applicant has
requested that this item be continued to the Redevelopment Agency meeting on
November 19, 1996. (Community Development Director) Item continued
from the meetin!! of 09/17/96.
This is the time the Redevelopment Agency will discuss items which have been removed from the Consent
Calendar. Agenda items pulled at the request of the public will be considered prior to those pulled by Agency
Members. Public comments are limited to five minutes per individual.
OTHER BUSINESS
5. DIRECTOR'S/CITY MANAGER'S REPORT(S)
6. CHAIR'SIMAYOR'S REPORT(S)
7, AGENCY/COUNCIL MEMBER COMMENTS
ADJOURNMENT
The meeting will adjourn to (a closed session and thence to) the Regular Redevelopment Agency Meeting on
November 5, 1996 at 4:00 p.m., immediately following the City Council meeting, in the City Council Chambers.
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Agenda ,3- October 15, 1996
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CLOSED SESSION
Unless Agency Counsel, the Executive Director, or the Redevelopment Agency states otherwise at this time, the
Agency will discuss and deliberate on the following item(s) of business which are permitted by law to be the
subject of a closed session discussion, and which the Agency is advised should be discussed in closed session to
best protect the interests of the City. The Agency is required by law to return to open session, issue any reports
of.fi!!!l1 action taken in closed session, and the votes taken. However, due to the typical length of time taken up
by closed sessions, the videotaping will be terminated at this point in order to save costs so that the Agency's
return from closed session, reports of.fi!!!l1 action taken, and adjournment will not be videotaped. Nevertheless,
the report of final action taken will be recorded in the minutes which will be available in the Office of the
Secretary to the Redevelopment Agency and the City Clerk's Office.
8. SALE AND DISPOSITION OF REAL PROPERTY - Pursuant to Government Code Section 54956.8
. Disposition of Agency,owned property at 760 Broadway (Parcel Nos. 571,200-13, 14, 15, 16, 17),
Redevelopment Agency Broadway Business Homes
[M: III OME\COMMD EVIA GEND AS\ 1 0,15,96. AGD ]
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REDEVELOPMENT AGENCY AGENDA STATEMENT
Item 4' .3 ( !ø
Meeting Date ~o{15 q
ITEM TITLE: PUBLIC HEARING of the Chula Vista Redevelopment Agency to consider
adoption of the 1996-97 Redevelopment Agency Budget and Appropriating
Funds Therefor
RESOLUTION Adopting the Redevelopment Agency Budget for Fiscal
Year 1996-97 and Appropriating Funds Therefor
SUBMITTED BY: Community Development Director ~ S .
REVIEWED BY: Executive DirectorgJ (4I5ths Vote: Yes- Noll)
BACKGROUND: The Redevelopment Agency budget was approved by the City Council as
presented on pages B213 through B222 of the proposed City budget document but still requires the
formal adoption by the Agency Board after a public hearing.
In this interim period between the adoption of the City budget and the formal adoption by the Agency,
staff has been working on: 1) finalizing Agency financial information for FY 96 based on "actuals", 2)
updating the estimated revenue projections for FY 97, and 3) more formally prioritizing projects and
programs for the entire department. This report seeks approval of the Agency budget and discusses
each of the three areas above.
RECOMMENDATION: That the Redevelopment Agency hold the public hearing ¡¡nd adopt the
resolution which approves the Fiscal Year 1996-97 Redevelopment Agency budget in the total amount
of $5,410,861 as follows: Operations ($2,410,486); CIP ($44,447); and Debt Service for the
BayfrontITown Centre I Tax Allocation Bonds ($2,488,148), and Transfers Out for BCT ($152,780),
Housing Rehabilitation Program ($300,000) and liability insurance ($15,000).
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
GENERAL OVERVIEW
Fiscal Year 1997 will be the second year of a two year Agency plan to liquidate non-essential Agency
assets to eliminate the Agency's negative fund balances. It also marks another year of budget cuts
toward the goal of better aligning Agency operating expenditures with on-going Agency revenue,
principally tax increment. The reduction in the overall Agency financial obligations have not only
come from the Agency's on-going project area operating accounts, but have also included refinancing
long-term debt obligations, re-evaluating and reducing the Agency's CIP, and reducing the amount
the Agency reimburses for the City's city-wide economic development program. The demands on the
department in terms of staff obligations for programs and projects, however, have not been
decreasing along with the budget.
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Page 2, Item d: 3 ( b
Meeting Date 1-8tO'f/96 101,5 q
This report is presented in three sections as follows: 1) Financial results of FY 96 budget and Fund
Balance Projections for FY 97, 2) Requested FY 97 budget, and 3) Departmental Programs and
Priorities. It is hoped that the report will provide a clear picture as to the current financial condition
of the Agency as well a better understanding of the department's overall project priorities.
h FINANCIAL RESULTS OF FY 96 BUDGET AND FY 97 PROJECTIONS
Financial Results of FY 96 Budqet
The just completed fiscal year marked the first of a two year strategy to sell non-essential Agency
assets in an effort to eliminate the negative fund balances. The table below illustrates the substantial
progress made during FY 96 in this regard:
FY 96 - RDA FUND BALANCES RDA HOUSING FINE ARTS TOTAL
Beg. Balance (7-1-95) $-3,345,810 $1,527,824 $283,341 $-1,534,645
Operating Revenue $4,752,855 $1,195,930 $14,294 $5,963,079
Transfers In/(Out) $-2,412,047 $450,003 $-45,151 $,2,007,195
Operatin9 Expenditures $-1,715,056 $-497,607 $,8,000 $,2,220,663
Operating Surplus/(Deficit) $625,752 $1,148,326 $-38,857 $1,735,221
Property Sales Revenue $2,750,250 $0 $0 $2,750,250
CIP Appropriations $,687,858 $-511,747 $0 $-1,199,605
End Balance (6-30-96) $-657,666 $2,164,403 $244,484 $1,751,221
As illustrated above, the Agency's Project Area Fund accounts (RDA column) began FY 96 with a
fund balance deficit of $3,345,810, but dramatically improved over the course of the year by
$2,688,144 to a fund balance deficit of $657,666. However, it is perhaps more beneficial to see that
the Agency (Project Area Fund accounts) had an operating surplus for the year of $625,752. This
illustrates the progress made toward aligning on-going operating revenues with on-going
expenditures. After including the restricted funds for Low/Mod Housing and Fine Arts, the Agency
as a whole improved from a fund balance deficit of $1,534,645 to a positive fund balance of
$1,751,221 for an overall improvement of $3,285,866. The Agency experienced an operating surplus
for the year of $1,735,221, however, this amount includes Low/Mod Housing Fund reimbursements
of $654,600 from HOME funds and another $100,000 from The McMillan Company for SPA III.
Proiected FY 97 Fund Balances
The table on the following page provides the updated revenue and expenditure projections for FY 97
and the corresponding effect on the RDA fund balances. This table includes the impact of the
reductions in property sale and tax increment revenue discussed later in this section plus the small
additional appropriations requested to be added to the budget as discussed in Section II.
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Page 3, Item...d. 3 ,( '~
Meeting Date 1ðlO't1!6 {oil:>
FY 97 - RDA FUND BALANCES RDA HOUSING FINE ARTS TOTAL
Beg. Balance (7-1-96) $-657,666 $2,164,403 $244,484 1,751,221
Operating Revenue $4,246,681 $1,120,122 $10,000 5,376,803
Transfers In/rOut) $-2,906,137 $-175,000 $0 -3,081,137
Operating Expenditures $-1,852,001 $,531,536 $-26,949 ,2,410,486
Operating Surplusf(Deficit) -511,457 413,586 -16,949 -114,820
Property Sales Revenue $1,290,000 $0 $0 1,290,000
CIP Appropriations $-40,339 $-4,108 $0 -44,447
End Balance (6-30-97) $80,538 $2,573,881* $227,535 $2,881,954
As provided above, the Agency project area fund accounts (RDA column) are beginning the current
fiscal year with a fund balance deficit of $657,666 and are projected to improve over the course of
the year to a positive ending fund balance of $80,538 for a surplus of $738,204 during the year.
However, this surplus is predicated on property sales totalling $1,290,000. In terms of the Agency
as a whole, the beginning fund balance of $1,751,221 is projected to improve to $2,881,954 for an
overall surplus for the year of $1,130,733. The Agency is projecting an operating deficit of $511,457
for the RDA Project Fund accounts and an overall operating deficit of $114,820. Obviously, this does
not meet the Agency's goal of aligning on-going revenues with on-going expenditures. However, the
major reason for this operational deficit is due to recent property tax reassessments that will come
"on-line" this year.
Recently, the Finance Department learned that significant property tax reassessments effective for
FY 97 were awarded for properties in the Bayfront and Otay Valley Road project areas. The total
assessed values for those two project areas have dropped 16.32% (BF) and 8.11% (OVR). The
major properties that were reassessed appear to be Rohr and the new Chevrolet auto dealership.
Collectively, the Agency's assessed values dropped by 4.93% for a projected revenue drop from FY
96 of $203,422. Clearly, without the property tax reassessments the Agency's overall operating
deficit of $114,820 would be eliminated.
Property Sales
The table on the following page lists the property sales, by project area, that 1) occurred during
FY 96, 2) those sales that were projected and included in the original budget submittal for FY 97, and
3) the amended anticipated sales for FY 97 based upon recent information and developments. The
property sales are critical in that again, they will be used to provide the Agency with a significant one-
time revenue boost that will be used to completely eliminate the negative fund balance. Below the
table are brief summaries for each projected sale.
* This total does not reflect the $250,000 payment which will be received this week as a result of the One Park
negotiations finalized at last Tuesday's meeting.
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Page 4, Item 11 :3
Meeting Date 14IO:t#86 /o(tS-!q/,o
PROJECT FY 96 FY97 FY97
RDA PROPERTIES AREA ACTUALS (BUDGET) AMENDED BUDGET
EI Dorado BFfTC I $1,175,000
South Bay Chevrolet OVR $1,288,623
Fuller Ford Phase I OVR $286,627
Fuller Ford Phase II OVR $264,000 $264,000
Budget Rent,A,Car SW $395,000 $395,000
Marina View Park BFfTC I $381,000 $381,000
Shangri-La BFfTC I *$500,000 $250,000
Cappos BFfTC I *$750,000 $0
Marina Motor Hotel BFfTC I *$550,000 $0
TOTAL $2,750,250 $2,840,000 $1,290,000
* The budget submitted with the proposed City budget included anticipated sales in FY 97 of $500.000 for
Shangri-La, $750,000 Cappos, and $550,000 for Marina Motor Hotel. The necessity for these revenue
projection reductions is described later in this section,
1. Fuller Ford Phase II
This project contemplates the sale of the balance of the former Fuller Ford site for Phase II of the
Broadway Business Homes project. The previously approved loan to the developer for project-
related fees have already been accounted for in the budget with the expectation that we will be
reimbursed before the end of the fiscal year. However, the proceeds of the sale listed above
($264,000) is to be offset by an additional expenditure of approximately $60,000 (depending on the
final cost of the soils work for the site) since that expenditure amount was not known or contemplated
at the time of the original budget. The FY 97 summary table on page 5 and amended budget request
has included this additional operating expenditure.
2. Budget Rent-A-Car
This proposed sale is pending the processing of an Initial Study and Special Permit for the
development of Humphrey's Mortuary at 753 Broadway. Negotiations have been completed and
authorization received to sell the property for $400,000. The Agency will be responsible for
approximately $5,000 in escrow costs thereby resulting in a net amount of $395,000. The expectation
is that the processing will be completed and the subsequent escrow closed by the end of the calendar
year or in early 1997.
3. Marina View Park
The Purchase/Sale Agreement is being processed with the Port District. The value is set at $762,000
which is to be split evenly between the City and Agency. An A-113 will be presented to the City
Council on October 8 to approve the sale. Escrow closing should occur before the end of the
calendar year.
4. Shangri-La
City and Port District staff have been working to finalize negotiations for this property that would also
contemplate a donation to the Olympic Training Center from part of the sale proceeds. Negotiations
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Page 5, Item..1.. 3 I
Meeting Date tel9'ftØ6 lol'S q(p
are complicated by soils contamination/remediation issues that make it difficult to project the net
revenue to the Agency. Although the final value and proceeds to the Agency are undetermined at
this point, it appears likely that the matter will be resolved before the end of the calendar year. Staff
will provide the Agency with additional information on the negotiations at the appropriate time. Since
the negotiations have not been completed, staff has amended the expected net revenue from this
sale to $250,000 (down from $500,000).
5. Cappos and Marina Motor Hotel
There has not been any notable activity from Port District staff on these properties to date. It is now
staffs intent to resolve issues impacting the Shangri-La and Marina View Park sales first although
staff will continue to pursue these sales as concurrently as possible. The sale and change in land
use for the Shangri-La site in particular could positively impact the values for these remaining
properties. Other issues impacting their values are tied to the outcome of current studies on the
future development of the Mid-Bayfront including the final alignment of Marina Parkway and the
provision of park and conservation lands.
Due to the factors discussed, staff has amended the budget projections to not include .1illY revenue
from these properties for the current year. This is not to be interpreted that staff will not be diligent
in pursuing these sales, but instead, is meant to provide the Agency with an ultra-conservative
estimate of the revenue to be derived from the property sales.
General Fund Loan Payment
The FY 97 budget also includes a partial general fund loan repayment from Otay Valley Road in the
amount of $288,964. Otay Valley Road has a healthy fund balance and is now in position to make
a payment on outstanding loans owed to the General Fund. Additionally in future years, the Agency
is hopeful of having the ability to begin a regular practice of making annual payments on outstanding
loans to the General Fund as well as other inter-fund loans between project areas.
Housing Fund Financial Commitments
Although the Housing Fund currently has healthy reserves, it needs to be placed in context that there
are a number of housing projects that are in various stages of the "pipeline" that will require
significant financial resources. Listed on the next page are a few of the more significant projects with
the anticipated amounts and timing of the obligations:
PROJECTED
PROJECT # UNITS FY 96-97 FY 97-98 DATE
McMillin-Cordova 40 $750,000 March 97
Trolley Terrace 18 200,000 March 97
Veterans Home 400 545,000 April 97
First Time 20 $400,000 Undetermined
Homebuyer Pr09ram
TOTAL 478 $1,495,000 $400,000 $1,895,000
As illustrated above, if these projects are completed then the projected Low/Mod fund balance (6-30-
97) could be reduced from $2,573,881 to $1,078,881.
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Page 6, Item d .3 ! ("
Meeting Date ~ IDI/~ q
!h REQUESTED FY 97 BUDGET
Additional Appropriations
Listed below are the individual amounts requested to be approved by the Agency which are identical
to the amounts approved by the Council with four (4) additions. Staff is requesting that an additional
$500 be added to the Low/Mod Fund account for public notices (993-9930-5211). This was omitted
in error during the regular approval process. Another, more substantial, item is requesting that
$15,000 be added to the Low/Mod Fund to provide for housing rehabilitation inspection services for
the CHIP program (993-9930-5201). During the course of the budget approval process, this item was
eliminated from the Department's budget request due to the expectation at that time that the Building
and Housing Department could provide this service for Community Development. Unfortunately, the
lack of staff availability due to necessary reassignments in Building and Housing precludes them from
performing this function.
The Department is also requesting that $5,868 be added to the Southwest fund in order to be used
to pay for the commission charges on the Budget Rent-A-Car property sale to Humphrey's Mortuary
(985-9850-5524). This amount will be reimbursed by the new property owner at the close of escrow.
Finally, the most substantial additional appropriation is for $60,000 to be included in the Otay Valley
fund to cover additional soils work costs for phase II of the Broadway Business Homes project.
The table below and on the following page, delineates the total amount of requested appropriations
for Operations, Debt Service and Capital Projects:
OPERATIONS APPROPRIATION
Southwest $349,555
BayfronVTC I 903,013
Fine Arts 26,949
Town Cenlre II 216,320
Low and Moderate Income 531,536
Otay Valley 383,113
Sub-Total $2,410,486
DEBT SERVICE APPROPRIATION
94 TABS, Series A $1,218,162
94 TABS, Series B 554,948
94 TABS - Series C 715,038
Sub-Total $2,488,148
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Page 7, Item *,.3 (,
Meeting Date 'WtO119fJ /o(rslq
BCT $152,780
CHIP 300,000
Liability Insurance 15,000
Sub-Total $467,780
CAPITAL PROJECTS APPROPRIATION
Southwesl $4,107
BayfronVTC I 8,216
Town Centre II 23,908
Low and Moderate Income 4,108
Olay Valley 4,108
Sub-Total $44,447
TOTAL APPROPRIATIONS $5,410,861
!.!h DEPARTMENTAL PRIORITY PROJECTS/PROGRAMS
Given the limited budget and staff, the Department has prioritized the current projects to the extent
possible in an effort to focus our resources and inform the Council and Agency as to the planned
activities for the coming year. Listed below are the Department's priority projects, by division, given
the caveats that: 1) not all of the identified projects are being supported solely by RDA funding, 2)
that the Housing and BECA activities are supported by restricted funding, 3) there are basic/routine
duties and responsibilities that may not be listed but still must be staffed, and 4) that this is a
"snapshot" picture of the current highest priority projects that most likely will change if additional
opportunities/projects/programs present themselves to staff and Council.
& Special Proiects
This year, the Department created a new "division" for budgetary purposes which accounts for those
development projects that are not located within a redevelopment project area, and are also not part
of the City's overall Economic Development program. These "special" projects tend to be significant
high-profile projects that have substantial economic benefits to the City that require the expertise
provided by Community Development staff.
1. MCA (RDA Staff)
2. Bonita Hotel (ED Staff)
3. Waterpark (RDA Staff)
4. Lower Sweetwater Valley (RDA Staff)
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Page 8, Item ~ 3
Meeting Date 1-ØIð119I) /O/IS(C¡¡"
§., Redevelopment Division
High Priority
1. South Bayfront Master Plan and Redevelopment Plan Amendment
2. Mid Bayfront
3. Business Homes
4. Sale of Agency Properties
5. Otay Gym - Property Evaluation (Potential acquisition/relocation)
6 Otay Valley Road Plan Amendment (delete landfill)
Moderate Priority
1. E. Street Trolley Relocation and Sale of Corporation Yard
2. Auto Park DDA Amendment
3. Clarify Local Coastal Plan
4. Southwest Land-Use Study
ç, Housina Division
High Priority
1. Salt Creek Ranch Affordable Housing Agreement- 260 units
2. San Miguel Ranch Affordable Housing Agreement - 150 units
3. Otay Ranch Affordable Housing Agreement - 2,000 units
4. Trolley Terrace Townhomes Development - 18 units
5. McMillin Cordova Development - 40 units
6. Veterans Home - 400 bed facility
7. Community Housing Rehabilitation Program (CHIP)
8. Mortgage Credit Certificate Program
9. Mobile Home Rent Arbitration Ordinance Implementation
10. CDBG/HOME Program Administration
Moderate Priority
1. Eastlake Greens Affordable Housing Agreement
2. At-Risk Housing Preservation
3. Baldwin/CABO First Time Home Buyer Program
4. Orangetree Mobile Home Park Space Sale
5. Affordable Housing Monitoring/Compliance
6. SANDAG Housing Element review
Q, Economic Development Division
High Priority
1. Hightech/Biotech Zone Implementation
2. Western Regional BioProcessing Center
3. Border Environmental Commerce Alliance (see below)
4. Business Attraction/Retention - Proposals and Assistance
5. Career Collaborative/South bay Business Assistance Center
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Page 9, Item.!i. 3
Meeting Date ~6 /0/,5('1("
Moderate Priority
1. Recycling Market Development Zone
2. Section 108 (or other) loan programs
3. South County EDC/San Diego EDC MOU's
4. Property Inventory & Market data updating
5. Trade Shows & Advertising
6. Business Retention/On-Site Visitation Program
Projects On-Hold
1. Workforce Development Team (WDT) staff support
2. CRA Strategic Plan
3. Formation of Binational Committee
4. Comprehensive Business Outreach & Marketing
5. Updating Business Resource Guides
6. Participation on outside agency committees
Border Environmental Commerce Alliance
1. Provide needed services to BECA clients and tenants.
2. Refine BECA Mission; develop and implement a Strategic Plan (including
organizational structure, marketing plan, and potential funding sources).
3. Solicit new public and private funding.
4. Refine administrative practices (budget, accounting, regulatory policies).
5. Secure additional space for the BEBC, including wet lab and light industrial -
preferably as part of a comprehensive South Bay Business Assistance Center at Rohr
Building #19.
6. Establish permanent BECA Board and BEBC Advisory Committee.
7. Begin transition to non-profit status.
8. Participate on National Environmental Technology Challenge Executive Committee
(potentially sponsor local event).
As the Council/Agency is aware, the Community Development Department staffs a number of boards
and commissions while also performing required everyday routine administrative activities that are
not reflected in this report, but still require a tremendous amount of staff time resources.
FISCAL IMPACT: The adoption of the resolution will authorize the appropriation of $5,410,861 for
the previously referenced and identified amounts to cover budgeted Operations, CIP and Debt Service
obligations. The requested budget amount is geared toward the pursuit of, among other things, the
identified priority projects and programs.
As provided earlier in the report, the fiscal impact of the proposed Agency's "All Funds" budget is to
improve from an overall balance of $1,751,221 to a projected balance of $2,881,954 largely
predicated on the property sales identified previously. However, the projected "all funds" balance
could be dramatically reduced by up to $1,495,000 this year in the event that the planned housing
projects are completed. The Agency's project area funds are projected to improve from a fund
balance deficit of $657,666 to a positive fund balance of $80,538 for a surplus in the current year of
$738,204. (This will be increased by $250,000 upon receipt of the payment from the One Park
negotiations just completed.)
M,\HOME\COMMOE\ASTAFF.REP\I()'OI'96\97budget.",t ISeptemb~ 27, 1996 (2,S3pm) #- 9
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NOTICE OF PUBLIC HEARING
BY THE CHULAVISTA REDEVELOPMENT AGENCY
CHULA VISTA, CALIFORNIA
NOTICE IS HEREBY GIVEN that the Chula Vista Redevelopment Agency will hold a public
hearing to consider the following:
ADOPTION OF THE CHULA VISTA REDEVELOPMENT AGENCY BUDGET FOR
THE FISCAL YEAR BEGINNING JULY 1, 1996 AND ENDING JUNE 30,1997
If you wish to challenge the City's action on these matters in court, you may be limited to
raising only those issues you or someone else raised at the public hearing described in this
notice, or in written correspondence delivered to the City Clerk's Office at or prior to the
public hearing.
SAID PUBLIC HEARING WILL BE HELD BY THE REDEVELOPMENT AGENCY on Tuesday,
September 17, 1996, immediately following the City Council meeting at 6:00 p.m. in the
Council Chambers, Public Services Building, 276 Fourth Avenue, at which time any person
desiring to be heard may appear.
DATED: August 30, 1996
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Chris Salomone, Community Development Director
COMPLIANCE WITH AMERICANS WITH DISABILITIES ACT (ADA)
The City of Chula Vista, in complying with the American With Disabilities Act, request
individuals to require special accommodation to access, attend and/or participate in a City
meeting, activity or service request such accommodation at least forty-eight hours in advance
for meetings and five days for scheduled services and activities. Please contact the
administrative secretary for information or your request at (619) 691-5047 or
Telecommunications Devices for the Deaf (TDD) (619) 976-5357. California Relay Service
is available for the hearing impaired.
M:\HO ME\COMM DEV\HA YNES\DOCUMENTS\BUDPH.NOT
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RESOLUTION NO. -
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA ADOPTING THE REDEVELOPMENT AGENCY
BUDGET FOR FY 1996-97 AND APPROPRIATING FUNDS
THEREFOR
WHEREAS, Redevelopment Agency staff have prepared budget requests for various
redevelopment project areas and the Redevelopment Low and Moderate Income Housing Fund; and
WHEREAS, the Redevelopment Agency has determined that the planning and administrative
expenses are necessary for the production, improvement, or preservation of low and moderate-
income housing; and
WHEREAS, the Redevelopment Agency of the City of Chula Vista, after a Public Hearing,
has reviewed and approved the budget contained in fund numbers 980,981,985,986,990,991,
992, 993, 994, 995, 996, 997 and 998, and has determined that the planning and administrative
expenses are necessary for the elimination of blight within the respective project areas; and
WHEREAS, the City Council of the City of Chula Vistas adopted the City's final operating
and capital budgets for FY 1996-97 after a Public Hearing on June 25, 1996 which included
"transfers in" from the Redevelopment Agency Bayfront/Town Centre I project for liability
insurance ($15,000 to Fund 100) and a loan to the Bayfront Conservancy Trust ($152,780 to
Fund 415).
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of Chula Vista
does hereby appropriate funds for the purposes set forth in the 1996-97 Redevelopment Agency
Budget submitted by the Executive Director, subject to the same terms, conditions and authorities
given to the City Manager over the City's budget, summarized by Fund Number as follows:
FUND PROJECT/PROGRAM AMOUNT
100 liability Insurance $15,000
415 Loan to BCT 152,780
980 Debt Service - Bayfront TABS 2.488,148
981 RDA Housing Program (CHIP) 300,000
985 Southwest Project 349,555
986 Southwest Capital Projects 4,107
990 Bayfront/Town Centre I 903,013
991 Redevelopment Fine Arts 26,949
992 Town Centre 11 Project 216,320
993 Low/Mod Income Housing 531,536
994 Otay Valley Project 383,113
995 Bayfront/Town Centre I Capital Projects 8,216
996 Otay Valley Capital Projects 4,108
997 Town Centre 11 Capital Projects 23,908
998 Low/Mod Housing Capital Projects 4,108
Presented by Approved as to form by:
~S;~ ~)lI 'ú~~~
Chris Salomone A oore .
Director of Community Development Interim City Attorney
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CllY OF
CHUIA VISTA
COMMUNITY DEVELOPMENT DEPARTMENT
276 Fourth Avenue
Chula Vista, CA 91910
tel (619) 691-5047
fax (619) 476-5310
fax I r a n 5 m i t t a I
to: I ~Ï1"1Y<- KJews - ~~ I
fax #: I L( d L. ,- (p 3 4- L:, I
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from: I ~cL
date: I q -L(-QCD I
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re: I Ò
pages: I :3 , including this cover sheet I
NOTES:
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CllY OF
CHULA VISTA
COMMUNITY DEVELOPMENT DEPARTMENT
September 4, 1996
VIA FAX - 426-6346
Star News
Legal Department
835 Third Avenue
Chula Vista, CA 91910
RE: ADOPTION OF THE CHULA VISTA REDEVELOPMENT AGENCY BUDGET
FOR THE FISCAL YEAR BEGINNING JULY 1, 1996 AND ENDING JUNE 30,
1997
Enclosed is a copy of the notice of public hearing to adoption the budget for the
Redevelopment Agency of the City of Chula Vista.
Please publish this document on September 7. 1996 and forward a proof of
publication notice, as well as the invoice, to the Community Development
Department, City of Chula Vista, 276 Fourth Avenue, Chula Vista, CA 91910.
Sincerely,
À (iãv'f
Alice Kemp
Administrative Secretary
/ak
Attachment
kess men \L En E R S Ibudnol .Iel
276 FOURTH AVE/CHULA VISTA. CALIFORNIA 91910/(619) 691,5047
,- - - -
NOTICE OF PUBLIC HEARING
BY THE CHULAVISTA REDEVELOPMENT AGENCY
CHULA VISTA, CALIFORNIA
NOTICE IS HEREBY GIVEN that the Chula Vista Redevelopment Agency will hold a public
hearing to consider the following:
ADOPTION OF THE CHULA VISTA REDEVELOPMENT AGENCY BUDGET FOR
THE FISCAL YEAR BEGINNING JULY 1, 1996 AND ENDING JUNE 30,1997
If you wish to challenge the City's action on these matters in court, you may be limited to
raising only those issues you or someone else raised at the public hearing described in this
notice, or in written correspondence delivered to the City Clerk's Office at or prior to the
public hearing.
SAID PUBLIC HEARING WILL BE HELD BY THE REDEVELOPMENT AGENCY on Tuesday,
September 17, 1996, immediately following the City Council meeting at 6:00 p.m. in the
Council Chambers, Public Services Building, 276 Fourth Avenue, at which time any person
desiring to be heard may appear.
DATED: August 30, 1996
~~~
Chris Salomone, Community Development Director
COMPLIANCE WITH AMERICANS WITH DISABILITIES ACT (ADA)
The City of Chula Vista, in complying with the American With Disabilities Act, request
individuals to require special accommodation to access, attend and/or participate in a City
meeting, activity or service request such accommodation at least forty-eight hours in advance
for meetings and five days for scheduled services and activities. Please contact the
administrative secretary for information or your request at (619) 691-5047 or
Telecommunications Devices for the Deaf (TDD) (619) 976-5357. California Relay Service
is available for the hearing impaired.
M :\HOM E\COMMDEV\HA YNES\DOCU M ENTS\BUDPH .NOT
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* TRANSACTION REPORT *
* SEP- 4-96 WED 11: 28 *
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* DATE START RECEIVER TX TIME PAGES TYPE NOTE *
* *
* SEP- 4 11: 26 94266346 l' 52" 3 SEND OK *
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JOINT REDEVELOPMENT AGENCY/CITY COUNCIL
AGENDA STATEMENT
Item
Meeting Date G9:~ 7,96
4-
(0(1:>(91,
ITEM TITLE: REPORT Status of Family Fun and Recreation Center project and
presentation of preliminary alternative proposals for the Lower Sweetwater
Valley area at the southwest quadrant of SR-54 and 1-805
SUBMITTED BY: Community Development Direcr {~S '
REVIEWED BY: Executive DirectorJCt ~J &~ (4/5ths Vote: Yes_ No-Ll
The applicant for the proposed Family Fun Center project has requested that this item be continued
to the Regular Redevelopment Agency meeting scheduled for November 19, 1996. All interested
parties, including the surrounding neighborhood. have been noticed of the new date.
(Ih) M:\HOME\COMMDEV\STAFF.REP\l Q-' 5-96\ffcupdat.113 [October 9, 1996 (2:57pm)]