HomeMy WebLinkAbout2009/01/20 Agenda Packet
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CHUlA VISTA
Cheryl Cox, M<lyor/Chair
Rudy Ramirez, Council/Agency Member James D. Sandoval, City ManagerlExeculive Director
John McCann, Council/Agency Member Bart Miesfcld, City Attorney/Agency Counsel
Pamela Bensoussan, Council/Agency Member Donna Norris, City Clerk
Steve Castaneda, Council/Agency Member
January 20, 2009
6:00 P.M.
Council Chambers
City Hall
276 Fourth A venue
CALL TO ORDER
ROLL CALL: Council members/Agency Members: Bcnsoussan, Castaneda, McCann,
Ramirez, and Mayor/Chair Cox
PLEDGE OF ALLEGIANCE TO THE FLAG AND MOMENT OF SILENCE
SPECIAL ORDERS OF THE DAY
· INTRODUCTION BY FIRE CHIEF DAVE HANNEMAN OF FIRE ENGINEER TIM
MEHRER, RECIPIENT OF THE AMERICAN LEGION MERIT A WARD
· PRESENTATION BY JED WALLACE, CHIEF OPERATING OFFICER OF HIGH
TECH HIGH ONTHE STATUS OF HIGH TECH HIGH CHULA VISTA
CONSENT CALENDAR - Council and Redevelopment Agency
(Items 1-3) City Council and
(Items 4-5) Redevelopment Agency
The Council/Agency will enact the Consent Calendar steiff recommendations by one
motion, without discussion, unless a Councilmember/Agency Member, a member of the
public, or staff requests that an item be removed for discussion. If you wish to speak on
one of these items, please/ill out a "Request to Speak " form (available in the lobby) and
submit it to the City Clerk prior to the meeting. Items pulled from the Consent Calendar
will be discussed immediately following the Consent Calendar.
immediately following the Consent Calendar.
1. APPROVAL OF MINUTES of October 14 and 21, 2008.
Staff recommendation: Council approve the minutes.
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January 20, 2009
2. A. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHAPTER 15.24 OF
THE CHULA VISTA MUNICIPAL CODE BY ADDING SECTION 15.24.065
(SECOND READING AND ADOPTION)
B. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHAPTER 15.28 OF
THE CHULA VISTA MUNICIPAL CODE BY ADDING SECTION 15.28,015
(SECOND READING AND ADOPTION)
Adoption of the ordinances amends the Electrical Code and the Plumbing Code to require
new residential units to be pre-wired for future photovoltaic systems and pre-plumbed for
future solar water heaters, respectively, and is a partial implementation of CCWG
Measure No.5, Solar and Energy Efficiency Conversion. These ordinances were
introduced on January 13, 2009. (Deputy City Manager/Development Services Director)
Staff recommendation: Council adopt the ordinances.
3. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
ACCEPTING BIDS AND AWARDING CONTRACT FOR THE "PALOMAR
GATEWAY COMMUNITY TRANSIT AREA PROJECT FOR PALOMAR STREET
AND INDUSTRIAL BOULEVARD IN THE CITY OF CHULA VISTA,
CALIFORNIA, CIP NUMBER: STL-280, FEDERAL PROJECT NUMBER: RPSTPLE
- 5203 (022), AND CALTRANS EA NUMBER: 11-212874 L" PROJECT TO
HILLCREST CONTRACTING, 1NC. IN THE AMOUNT OF $1,606,789.30 AND
AUTHORIZING THE EXPENDITURE OF ALL A V AILABLE FUNDS IN THE
PROJECT
On December 24, 2008, the Public Works Director received thirteen scaled bids for the
project. The project wiIl improve a major entrance to the southwestern area of the City.
In addition, this project wiIl beautify the Community transit Area on Industrial Boulevard
and Palomar Street by the addition of visual enhancements including area landscaping,
parkways, and medians. (City Engineer/Public Works Director)
Staff recommendation: Council adopt the resolution.
Redevelopment Agency
4. CONSIDERATION OF RECEIPT OF REDEVELOPMENT YEAR-END REPORTS
FOR FISCAL YEAR 2007/2008
The Chula Vista Redevelopment Agency is required to prepare an Annual Report for
consideration by its Board. California State Health and Safety Code Section 33080.1
requires the report to include the foIlowing elements: (I) an indcpendent financial audit
report and opinion regarding the Agency's compliance with applicable regulations; (2)
the Report of Financial Transactions of Community Redevelopment Agencies (State
ControIler's Report); and (3) the State Department of Housing and Community
Development Sehedulcs A-E. These reports provide detailed information regarding the
activities of the Redevelopment Agency, and are required to be presented to the
legislative body. (Deputy City Manager/Development Services Director)
Staff recommendation: Agency accept the rcports.
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January 20, 2009
5. RESOLUTION OF THE CHULA VISTA REDEVELOPMENT AGENCY
AUTHORIZING AN INTERFUND LOAN UP TO $855,797 FROM THE LOW AND
MODERATE INCOME HOUSING FUND TO THE REDEVELOPMENT FUNDS FOR
THE STATE REQUIRED ERAF PAYMENT; AND AUTHORIZING NECESSARY
BUDGET ADJUSTMENTS TO APPROPRIATE THE 1NTERFUND LOAN OF
$855,797 AND THE BALANCE OF $977,307 REQUIRED BY AB 1389 FOR A
TOT AL OF $1,833, I 04 (4/5THS VOTE REQUIRED)
Assembly Bill 1389 of 2008 added Section 33684 to the Health and Safety Code. This
new section requircs redevelopment agencics to remit a prescribed share 0 f a cumulative
contribution to the Educational Rcvenuc Augmentation Fund (ERAF) by May 10,2009.
In addition, AB 1389 requircd all agencies to review pass-through payments made from
fiscal years 2003 through 2008 and remit any outstanding payments by February 1,2009.
The current calculation issued by the County of San Diego on outstanding pass through
payments is $977,307 together with the ERAF payment of $855,797 brings the total
outstanding obligation of the Chula Vista Redevelopment Agency to over $1.8 million.
(Deputy City Manager/Development Services Director)
Staff recommendation: Agency adopt the resolution.
ITEMS REMOVED FROM THE CONSENT CALENDAR
PUBLIC COMMENTS - City Council and Redevelopment Agcncy
Persons speaking during Public Comments may address the Council/Agency on any
subject mailer within the Council/Agency'sjurisdic/ion thai is nol lisled as an item on the
agenda. State law generally prohibits the Council/Agency Fom discussing or taking
action on any issue not in eluded on the agenda, but, if appropriate, the Council/Agency
may schedule the topic for ./il/ure discussion or refer the matter to staff Comments are
limited to three minutes.
ACTION ITEMS - City Council
The ftem(s) listed in this section of the agenda will be considered individually by the
Council/Agency and are expected to elicit discussion and deliberation. If you wish to
speak on any ilem, please/ill oul a "Request 10 Speak" fimn (availahle in the lobhy) and
submit it to the City Clerk prior to the meeting.
6. CONSIDERATION FOR DECLARING INTENTION TO ESTABLISH THE CHULA
VISTA AUTO PARK BUSINESS IMPROVEMENT DISTRICT
For the past year, City staff has been working with the automobile dealers in the Chula
Vista Auto Park on the formation of a Business Improvement District (BID). The district
will provide a self-funding mechanism to allow for the promotion and marketing of auto
dealers within the Auto Park. (Deputy City Manager/Development Services Director)
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Jannary 20, 2009
Staffrecommendation: Council adopt the following resolution:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
DECLARING ITS INTENTION TO ESTABLISH THE CHULA VISTA AUTO
PARK BUSINESS IMPROVEMENT DISTRICT (BID) PURSUANT TO THE
PARKING AND BUSINESS IMPROVEMENT LAW OF 1989
7. CONSIDERATION FOR ENDORSEMENT OF A "CHULA VISTA FISCAL HEALTH
PLAN"; ESTABLISHMENT OF A TRANSACTIONS AND USE TAX AND THE
CALLING AND GIVING NOTICE OF A SPECIAL MAIL BALLOT ELECTION
On January 13, 2009, the City Council of Chula Vista authorized the City Manager to
implement a budget reduction plan to mitigate projected budget shortfalls in the current and
next fiscal year, totaling $3.9 and $20.0 million rcspectively. These reductions will have
significant impacts on delivery of public services. In order to preserve City services,
mitigate the current budget crisis, and ensure the long-tenm fiscal stability of the City,
endorsement of the City Manager's Proposed "Chula Vista Fiscal Health Plan" is
rceommended. The first stcp in implementing the strategy is Council eonsideration of an
ordinance establishing a general purpose local transactions and use (sales) tax, to be
considered by the qualified electorate at a Special Mail Ballot Election to be called and held
on May 5,2009. (City Manager)
Staff recommendation: Council adopt the following resolutions and hold first reading of
the ordinance:
A. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
ENDORSING THE CITY MANAGER'S PROPOSED "CHULA VISTA
FISCAL HEALTH PLAN"
B. ORDINANCE OF THE CITY OF CHULA VISTA ADDING CHAPTER 3.38
TO TITLE 3 OF THE CHULA VISTA MUNICIPAL CODE ESTABLISHING A
TRANSACTIONS AND USE TAX TO BE ADMINISTERED BY THE STATE
BOARD OF EQUALIZATION (FIRST READING)
C RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
CALLING AND GIVING NOTICE OF A SPECIAL MAIL BALLOT ELECTION
TO BE HELD IN SAID CITY ON TUESDAY, MAY 5, 2009, FOR THE
PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE CITY,
A MEASURE RELATING TO THE ESTABLISHMENT OF A LOCAL
TRANSACTIONS AND USE (SALES) TAX; REQUESTING THE BOARD OF
SUPERVISORS OF THE COUNTY OF SAN DIEGO TO PERMIT THE
REGISTRAR OF VOTERS TO CONDUCT SUCH ELECTION; AUTHORIZING
THE CITY CLERK OR HER DULY AUTHORIZED AGENTS TO CARRY OUT
THE NECESSARY PROCEDURES FOR SUCH ELECTION; AND DIRECTING
THE CITY ATTORNEY TO PREPARE AN IMPARTIAL ANALYSIS OF THE
MEASURE
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January 20, 2009
OTHER BUSINESS
8. CITY MANAGERlEXECUTIVE DIRECTOR'S REPORTS
9. MAYOR/CHAIR'S REPORTS
10. COUNCIL/AGENCY MEMBERS' COMMENTS
Councilmember Ramirez - Consideration of reassignment of Council committees.
CLOSED SESSION
Announcements of actions taken in Closed Session shall be made available by noon on
Wednesday following the Council Meeting at the City Attorney's office in accordance
with the Ralph M. Brown Act (Government Code 54957.7).
11. CONFERENCE WITH LEGAL COUNSEL REGARDING EXISTING LITIGATION
PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a):
Yolanda Aguirre v. City ofChula Vista. et al. San Diego Superior Court, Case No.
37 -2007 -00070355-CU- PO-SC
12. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT
CODE 54957.6
. Agency designated representatives: Jim Sandoval, Scott Tulloch, Marcia Raskin,
Bart Miesfe1d, Rod Betts, Maria Kachadoorian, Leah Browder
. Employee organizations: CVEA, IAFF, POA, WCE, Mid-Management,
Professional and Unrepresented Groups
ADJOURNMENT to an Adjourned Regular Meeting on January 24, 2009 at 9:00 a.m. in the
parking lot in front of the Council Chambers, and thence to the Regular
Meeting of January 27,2009 at 6:00 p.m. in the Council Chambers.
Materials provided to the City Council related to any open-session item on this agenda are
available for public review at the City Clerk's Office, located in City Hall at 276 Fourth Avenue,
Building I 00, during normal business hours.
In compliance with the
AMERICANS WITH DISABILITIES ACT
The City of Chula Vista requests individuals who require special accommodations to access,
attend, and/or participate in a City meeting, activity, or service, contact the City Clerk's Office
at (6I9) 69I-5041 or Telecommunications Devices for the Deaf (TDD) at (619) 585-5655 at
least forty-eight hours in advance for meetings and five days for scheduled services and
activities. California Relay Service is also available for the hearing impaired,
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January 20, 2009
DRAFT
MINUTES OF A REGULAR MEETING OF THE
CITY COUNCIL OF THE CITY OF CHULA VISTA
October 14, 2008
6:00 P.M.
A Regular meeting of the City Council of the City of Chula Vista was called to order at 6:02
p.m, in the Council Chambers, located in City Hall, 276 Fourth Avenue, Chu1a Vista, California.
ROLLCALL:
PRESENT: Councilmernbers Castaneda, McCann, Ramirez, Rindone, and Mayor Cox
ABSENT: None
ALSO PRESENT: Interim City Manager Tulloch, Interim City Attorney Miesfe1d, City Clerk
Norris, and Deputy City Clerk Bennett
PLEDGE OF ALLEGIANCE TO THE FLAG AND MOMENT OF SILENCE
SPECIAL ORDERS OF THE DAY
. LAUDERBACH PARK REOPENING PRESENTATION AND UPDATE BY
REDEVELOPMENT AND HOUSING PROJECT COORDINATOR CARLA
BLACKMAR AND COMMUNITY REPRESENTATIVES
Housing Project Coordinator Blackmar gave a presentation on the Lauderbach Park re-opening
event. She introduced Tanya Rovira Osterwalder, Project Manager, Healthy Eating Active
Communities, who was instrumental in leading the effort for the park re-opening. Ms. Rovira-
Osterwa1der gave an overview of the park's re-opening event. Staffmember B1ackmar invited
the community to the Lauderbach Picnic Day on November 8, 2008, 11 :00 a.m. to 1 :00 p.m.
Councilmember Ramirez spoke of the need for collaborative efforts between City staff and
community organizations to create ongoing opportunities for activities in Lauderbach Park.
CONSENT CALENDAR
(Items 1 through 6)
Item 4 was removed from the Consent Calendar for discussion by Deputy Mayor Rindone.
Councilmember McCann abstained from voting on Item 2.
1. APPROVAL OF MINUTES of August 5 and August 7, 2008.
Staff recommendation: Council approve the minutes.
2. WRITTEN COMMUNICATIONS
Memorandum from Counci1member McCann requesting an excused absence from the
Council meeting of October 7, 2008.
Staffrecommendation: Council excuse the absence.
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October 14, 2008
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CONSENT CALENDAR (Continued)
3. RESOLUTION NO. 2008-236, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA ACCEPTING INFORMAL BIDS AND AWARDING A
CONTRACT FOR THE CONSTRUCTION OF CONFINED SPACE TRAINING
APPURTENANCES AT FIRE STATION NO.4 TO MJC CONSTRUCTION IN THE
AMOUNT OF $40,000 WHICH WILL BE FUNDED THROUGH THE CALIFORNIA
FIRE FIGHTER JOINT APPRENTICESHIP COMMITTEE
The Chu1a Vista Fire Department training site located at 850 Paseo Ranchero is a
Regional Technical Rescue Training Facility which is certified by the California State
Fire Marshal's Office and is a state-of-the-art facility. The Training Division plans to
provide additional underground confined space training structures. These structures can
be used for State-certified rescue classes. Adoption of the resolution awards a contract
for the construction of the facility, which will consist of four cement vaults connected by
underground piping. (City EngineerlEngineering Director, Interim Fire Chief)
Staff recommendation: Council adopt the resolution.
4. Item 4 was removed from the Consent Calendar.
5. RESOLUTION NO. 2008-238, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA AWARDING LANDSCAPE MAINTENANCE
CONTRACTS TO BRJCKMAN GROUP FOR COMMUNITY FACILITY DISTRJCTS
VILLAGE 11 PHASE 3, SUNBOW II, OTAY RANCH VILLAGE I WEST, AND
OTAY RANCH AB, AND AWARDING A LANDSCAPE MAINTENANCE
CONTRACT TO PARK WEST LANDSCAPE FOR COMMUNITY FACILITY
DISTRJCT OTAY RANCH STA B, ALL FOR A TERM BEGINNING ON OCTOBER
8, 2008 THROUGH JUNE 30, 2009 AND AUTHORJZING THE PURCHASING
AGENT TO APPROVE FIVE ADDITIONAL, ONE-YEAR EXTENSIONS OF THE
TERM OF THE CONTRACTS
Due to continued deficiencies in landscape maintenance services for the Community
Facility Districts in Village II Phase 3, Sunbow II, Otay Ranch Sta B, Otay Ranch
Village I West and Otay Ranch AB, the City exercised its option to not renew the
existing maintenance contracts in these districts for Fiscal Year 2009. As a result, these
Community Facilities Districts went out to bid on July 31, 2008. Adoption of the
resolution awards the contracts for landscape maintenance, (Public Works Director)
Staff recommendation: Council adopt the resolution.
6. RESOLUTION NO. 2008-239, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA SUPPORTING THE RAILS-TO-TRAILS
CONSERVANCY'S 2010 CAMPAIGN FOR ACTIVE TRANSPORTATION
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October 14, 2008
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DRAFT
CONSENT CALENDAR (Continued)
The Rails-to- Trails Conservancy is working to expand a Federal pilot program to get
people out of their cars and into a more active mode of transportation - walking, biking or
transit. The City of Chula Vista has long promoted the idea of providing its citizens with
transportation choices. Adoption of the resolution officially supports the Campaign for
Active Transportation on behalf of the City of Chula Vista to expand the Non-motorized
Transportation Pilot Program within SAFETEA-LU in the next federal transportation re-
authorization bill. (City EngineerlEngineering Director)
Staffrecommendation: Council adopt the resolution.
ACTION:
Deputy Mayor Rindone moved to adopt the balance of the Consent Calendar,
Items 1 through 3, 5, and 6, headings read, text waived. Councilmember
Castaneda seconded the motion and it carried 5-0, exeept on Item 2, which carried
4-0-1, with Counci1member McCann abstaining.
ITEMS REMOVED FROM THE CONSENT CALENDAR
4. RESOLUTION NO. 2008-237, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA APPROVING AN AGREEMENT BETWEEN THE CITY
OF CHULA VISTA AND CREATIVE BENEFITS, A WAGE WORKS COMPANY,
FOR THIRD PARTY ADMINISTRATION OF FLEXIBLE SPENDING ACCOUNT
(FSA) REIMBURSEMENTS, THE CONSOLIDATED OMNIBUS BUDGET
RECONCILIATION ACT (COBRA) CONTINUATION PLAN, AND THE RETIREE
PLAN, AND AUTHORIZING THE CITY MANAGER TO APPROVE THREE
ADDITIONAL ONE-YEAR EXTENSIONS OF THE TERM OF THE AGREEMENT
The Human Resources Department is recommending that the City contract with a third-
party administrator to handle Flexible Spending Account reimbursements, administration
of the COBRA Continuation Plan and the Retiree Plan. A Request for Proposal was
issued and five proposals were received and evaluated. Adoption of the resolution
approves an agreement with Creative Benefits. (Human Resources Director)
Staff recommendation: Council adopt the resolution.
In response to questions from Deputy Mayor Rindone, Human Resources Director Raskin stated
that the cost for administrative fees would be $4.75 per month per participant, and would not
require Council approval. Deputy City Attorney Cusato responded to a question from Deputy
Mayor Rindone regarding payment of penalties for errors, stating that in the proposed contract,
Creative Benefits had indemnified the City for all professional errors, with a separate clause for
errors and omissions. Interim City Attorney Miesfeld further clarified that indemnity provisions
did exist in the proposed contract and that the City could hold Creative Benefits to any penalties
under the proposed contract. With respect to justification for outsourcing, Director Raskin
explained that employee-forfeited flexible spending funds could only be utilized for flex p1an-
related programs. Additionally, outsourcing to a third party would provide a greater level of
confidentiality for the employees.
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October 14, 2008
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DRAFT
CONSENT CALENDAR (Continued)
Discussion ensued between Council and staff regarding concerns about penalties.
Counci1member Castaneda requested that in the future, if a service was proposed to be
outsourced, an analysis be included in stafP s report to the Council of where cuts were being
made in the department, showing justification for outsourcing.
ACTION:
Deputy Mayor Rindone moved to adopt Resolution No. 2008-237, heading
heading read, text waived, with direction to staff to meet with Creative Benefits to
ensure clarity about Creative Benefit's responsibility for payment of penalties,
and that responsibility be secured in future contracts for subsequent years.
Councilmember McCann seconded the motion and it carried 5-0.
Deputy Mayor Rindone requested that staff provide a memorandum to the Council, subsequent
to their meeting with Creative Benefits, about what would be agreed upon for future City
contracts.
PUBLIC COMMENTS
Adela Garcia, Chu1a Vista resident, expressed concern about a proposed installation of a micro
cell tower near her residence in the Rancho Del Rey neighborhood. She requested that the City
consider alternative sites, away from residential properties, for cell towers to be located. The
matter was referred to staff.
Hugo Ivan Salazar, Chula Vista resident, representing Communities Taking Action, stated that
he would continue to address concerns with the City about issues regarding the interests of the
Southwest Community.
Theresa Acerro, Chula Vista resident, representing the Southwest Chu1a Vista Civic Association,
spoke in opposition to the proposed MMC Peaker Power Plant. She requested that
Councilmembers McCann, Castaneda and Ramirez make it clear to the California Energy
Commission that the City's ordinance was being violated with the proposed peaker plant.
PUBLIC HEARINGS
7. CONSIDERATION OF AMENDING THE CITY'S MASTER FEE SCHEDULE AND
ESTABLISHING NEW GREENS FEES AT CHULA VISTA MUNICIPAL GOLF
COURSE
American Golf Corporation (AGC) is requesting rate changes to green fees for the Chu1a
Vista Municipal Golf Course. In aecordance with the lease agreement, AGC can submit
rate changes on an annual basis for the City's review and approvaL The current Green
Fees have been in effect since August 1, 2006. (Public Works Director)
Staffrecommendation: Council continue the public hearing to October 21,2008.
Notice of the hearing was given in accordance with legal requirements, and the hearing was held
on the date and at the time specified in the notice.
Item 7 was continued to the Council Meeting of October 21, 2008, at the request of staff.
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October 14, 2008
DRAFT
ACTION ITEMS
8. PUBLIC COMMENT REGARDING A LEGAL MEMORANDUM (REDACTED)
DISCUSSING DISTRICT ATTORNEY REIMBURSEMENT OF FEES PURSUANT
TO A REFERRAL FROM THE CITY COUNCIL MEETING OF OCTOBER 7,2008
(Interim City Attorney)
John Moot, Chula Vista resident, spoke about the redacted legal memorandum released by the
City Attorney's office. He conveyed his agreement that the District Attorney's office was not
liable for payment of Councilmember Castaneda's legal fees. He also stated that the City was
not required to pay for Counci1member Castaneda's legal fees. He stated that the solution to
saving taxpayers money was for the Council to conduct the matter in open session, have a legal
memorandum outlining the law, and a re-vote after reviewing the case laws. He stated that the
additional legal fees reflected in the report raised other issues, and should be explained to the
public.
Scott Vinson, Chu1a Vista resident, spoke with respect to the release of the legal memorandum
regarding Councilmember Castaneda's legal fees, agreeing that the City had no recourse to
recover the fees from the District Attorney's Office. He stated that the Council had the right to
request that Counci1member Castaneda pay the City back for his legal fees.
Robert Garcia, Chula Vista resident, stated that the matter of Councilmember Castaneda's legal
fees had become too political, that a jury verdict found Councilmember Castaneda not guilty.
OTHER BUSINESS
9. CITY MANAGER'S REPORTS
Interim City Manager Tulloch notified the Council that the City had been allocated $2.8 million
dollars in grant funding from the U.S. Department of Housing and Urban Development, to be
used to purchase foreclosed or abandoned homes and properties, and/or to rehabilitate, re-sell or
redevelop homes to help stabilize neighborhoods. He stated that staff would return to the
Council on November 18, 2008 with a proposed amended CDBG action plan in order to take
advantage of the grant funds.
10. MAYOR'S REPORTS
Ratification of the appointment of Gabriela Sofia Brannan to the Civil Service
Commission.
ACTION:
Mayor Cox moved to ratify the appointment of Gabriela Sofia Brannan to the
Civil Service Commission. Deputy Mayor Rindone seconded the motion and it
carried 5-0.
Mayor Cox spoke about "Operation Splash", a partnership between the City and the Chu1a Vista
Elementary School District, to teach swim lessons to fourth grade students in low socio-
economic areas. She stated that Kaiser Perrnanente donated 50,000 dollars towards the program.
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October 14, 2008
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DRAFT
11. COUNCIL COMMENTS
Councilmember Ramirez spoke about his recent attendance at the National Association of Latino
Elected and Appointed Officials (NALEO) conference in Houston, Texas, that included
discussions about the fmancia1 implications to munieipalities related to the country's broader
economic crisis. To that end, he stated that he would submitting the conference-related material
to Interim City Manager Tulloch for his analysis, and to have staff bring back any pertinent
information that would be useful for Council consideration on any of its future actions.
Councilmember Castaneda stated that he also attended the NALEO conference. He spoke about
the foreclosure crisis and looked forward to discussions on how to move forward with assisting
local families retain their homes. He thanked and recognized Code Enforcement Manager
Leeper and his staff, for their work that resulted in the enactment of a City Ordinance making
lenders responsible for property upkeep as soon as a notice of mortgage default was filed on a
vacant dwelling. He recognized and thanked Vera Howell of Turner Construction, for
implementing and conducting a voluntary after-school construction and design course for school
students at Castle Park High School, and he gave kudos to the students for their initiative in
attending the voluntary course. He announced an upcoming Public Safety Subcommittee
Meeting on October 30, 2008 at 6:00 p.m., at Lauderbach Boys and Girls Club, 333 Oxford
Street, to discuss law enforcement issues.
Councilmember McCann thanked the numerous community members and businesses that
participated in the Christmas in October event, resulting in seven local home makeovers.
Deputy Mayor Rindone gave his appreciation to all those who participated in the 10th annual
Christmas in October event. He then spoke about his attendance at the recent American Legion
Chula Vista Post 434 Law and Order awards dinner that recognized five local public safety
offieials. He congratulated Louis Cornish, the event coordinator, and the American Legion for
their ongoing efforts.
The Council convened in Closed Session at 7:14 p.m.
CLOSED SESSION
12. PUBLIC EMPLOYEE APPOINTMENT PURSUANT TO GOVERNMENT CODE
SECTION 54957
Title: Planning and Building Director
No reportable action was taken on this item.
13. PUBLIC EMPLOYEE PERFORMANCE EVALUATION PURSUANT TO
GOVERNMENT CODE SECTION 54957 (Closed Session was not held on this item on
October 7,2008)
Title: City Manager
No reportable action was taken on this item.
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October t 4, 2008
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DRAFT
CLOSED SESSION (Continued)
14. PUBLIC EMPLOYEE APPOINTMENT PURSUANT TO GOVERNMENT CODE
SECTION 54957 (Closed Session was not held on this item on October 7,2008)
Title: City Manager
No reportable action was taken on this item.
15. CONFERENCE WITH LEGAL COUNSEL REGARDING SIGNIFICANT EXPOSURE
TO LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(b)
One Case
This item was pulled from the agenda and no action was taken.
16. CONFERENCE WITH LEGAL COUNSEL REGARDING EXISTING LITIGATION
PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a)
Thanh Le v. City of Chu1a Vista, et aI., San Diego Superior Court, Case No. 37-2007-
000076220-CU-P A-CTL
No reportable action was taken on this item.
17. PUBLIC EMPLOYEE APPOINTMENT PURSUANT TO GOVERNMENT CODE
SECTION 54957
Title: Fire Chief
No reportable action was taken on this item.
18, PUBLIC EMPLOYEE DISCIPLINEIDISMISSALIRELEASE PURSUANT TO
GOVERNMENT CODE SECTION 54957
No reportable action was taken on this item.
ADJOURNMENT
At 9: 15 p.m., Mayor Cox adjourned the meeting to the Regular meeting of October 21, 2008 at
6:00 p.m. in the Council Chambers.
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~ine Bennett, CMC, Deputy City Clerk
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October 14, 2008
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DRAFT
MINUTES OF A REGULAR MEETING OF THE
CITY COUNCIL OF THE CITY OF CHULA VISTA
October 21, 2008
6:00 P.M.
A Regular meeting of the City Council of the City of Chu1a Vista was called to order at 6:01
p.m. in the Council Chambers, located in City Hall, 276 Fourth Avenue, Chula Vista, California.
ROLL CALL:
PRESENT: Councilmembers Castaneda, McCann, Ramirez, Rindone, and Mayor Cox
ABSENT: None
ALSO PRESENT: Interim City Manager Tulloch, Interim City Attorney Miesfeld, City Clerk
Norris, and Deputy City Clerk Bennett
PLEDGE OF ALLEGIANCE TO THE FLAG AND MOMENT OF SILENCE
SPECIAL ORDERS OF THE DAY
Mayor Cox announced that the City recently received an award for a program started by
Principal Civil Engineer Ammerman, in an effort to bring government, private individuals, and
businesses together in a campaign to promote sustainability. Staffinember Ammerman displayed
the Industrial Environmental Association's "Environmental Stewardship Award" for the City's
clean campaign, an innovative community outreach approach to engage residents, businesses and
visitors in the City's environmental programs with the goal to transform good intentions into
tangible actions. Mayor Cox also recognized staffinembers Michael Meacham, Brendan Reed,
and Lynn France.
CONSENT CALENDAR
(Items I through 9)
Item 5 was removed from the Consent Calendar for discussion by Deputy Mayor Rindone.
Counci1member Castaneda stated he would be abstaining from voting on Item 9, due to the
proximity of his residence to the event location.
With respect to Item 7, Deputy Mayor Rindone stated he was pleased to see the adoption of the
proposed policy.
1. APPROVAL OF MINUTES of August 12 and September 9, 2008.
Staffrecommendation: Council approve the minutes.
Page 1 - Council Minutes
October 21, 2008
/A-!
DRAFT
CONSENT CALENDAR (Continued)
2. ORDINANCE OF THE CITY OF CHULA VISTA AMENDING CHAPTERS 20.04
AND 5.02 OF THE CHULA VISTA MUNICIPAL CODE BY ADDING SECTIONS
20.04.025 AND 20.04.050 AND A CROSS REFERENCE IN SECTION 5.02 (FIRST
READING)
On July 10, 2008 City Council approved the Climate Change Program's implementation
plans for seven new measures to reduce Chu1a Vista's citywide greenhouse gas or
"carbon" emissions by lowering energy and water consumption, installing renewable
energy systems, promoting alternative fuel vehicles and designing pedestrian and transit-
friendly communities. Climate Change Program Measure #3's implementation plan
directs staff to create a new municipal ordinance that encourages businesses to participate
in a free energy and water assessment of their facilities. Adoption of the ordinance
assists businesses with identifying opportunities to reduce their monthly utility costs
through a no-cost, voluntary assessment program, which will be integrated into the
business licensing process. (Conservation & Environmental Services Director)
Staff recommendation: Council hold first reading ofthe ordinance,
3. RESOLUTION NO. 2008-240, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA APPROVING AN AMENDMENT TO THE GRANT OF
EASEMENTS AND MAINTENANCE AGREEMENT FOR AUTO PARK NORTH
TENT ATNE PARCEL MAP 03-03
The proposed amendment will allow and obligate Chula Vista Auto Park Association, a
California nonprofit mutual benefit corporation, to perpetually maintain curb inlet inserts
within the public right-of-way. (City Engineer/Engineering Director)
Staff recommendation: Council adopt the resolution.
4. RESOLUTION NO. 2008-241, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA AUTHORIZING THE EXECUTION AND DELNERY OF
A SECOND SUPPLEMENTAL BOND INDENTURE IN CONNECTION WITH THE
CITY OF CHULA VISTA COMMUNITY FACILITIES DISTRICT NO. 07-1 (OTAY
RANCH VILLAGE 11) 2004 SPECIAL TAX BONDS AND 2006 SPECIAL TAX
BONDS
Community Facilities District No. 07-1 was formed to provide the fmancing for streets
and infrastructure for Otay Ranch Village 11 (WindingWa1k). The developer, Brookfield
Shea Otay, has requested that funds, previously budgeted for major roads on the
perimeter of the project (within the Transportation Development Impact Fee program), be
used for backbone roads within the project. The Second Supplemental Bond Indenture
provides for this action. (City EngineerlEngineering Director, Finance Director)
Staffrecommendation: Council adopt the resolution.
Page 2 - Council Minutes
October 21, 2008
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DRAFT
CONSENT CALENDAR (Continued)
5. Item 5 was removed from the Consent Calendar.
6. RESOLUTION NO. 2008-242, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA AMENDING FISCAL YEAR 2007/2008 BUDGET IN
ACCORDANCE WITH THE COUNCIL POLICY ON FINANCIAL REPORTING
AND TRANSFER AUTHORITY (4/5THS VOTE REQUIRED)
The Council Policy on Financial Reporting and Transfer Authority requires all
departments complete the fiscal year with a positive balance in each budget summary
category (Personnel Services, Supplies and Services, Other Expenses and Capital). In
order to comply with the intent of this policy, the transfers diseussed in the report are
reeommended for approval. All General Fund transfers can be accomplished using
existing appropriations. (Finance Director/Treasurer)
Staffrecommendation: Council adopt the resolution.
7. RESOLUTION NO. 2008-243, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA ADOPTING THE PURCHASING ENVIRONMENTALLY
PREFERABLE PRODUCTS POLICY
The City's Finance Department has an Environmentally Preferable Purchasing Policy
(EPP) designed to encourage departments to purehase, whenever practical,
environmentally preferable products. (Finance Director, Government Relations Liaison,
Public Works Director)
Staff recommendation: Council adopt the resolution.
8. RESOLUTION NO. 2008-244, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA ADOPTING UPDATES AND CHANGES TO THE
RECYCLING AND SOLID WASTE PLANNING MANUAL AND AUTHORIZING
THE CITY MANAGER OR DESIGNEE TO APPROVE FUTURE UPDATES TO THE
MANUAL
On January 24, 2007, the Regional Water Quality Control Board adopted the National
Pollutant Discharge Elimination Systein (NPDES) Municipal Permit, which requires
jurisdictions within San Diego County to develop and enforce actions that prohibit the
discharge of pollutants into the City's storm drains, Adoption of the resolution updates
the City's Recycling and Solid Waste Planning Manual and includes requirements for
recycling and solid waste enclosures and storage areas in new industrial, commercial, and
multi-family developments to be designed with solid roofs to prevent storm water contact
with trash and recyclab1es. It also includes allowing future updates to the manual to be
made administratively with the approval of the City Manager or designee. (Public Works
Director)
Staff recommendation: Council adopt the resolution.
Page 3 - Council Minutes
October 21, 2008
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DRAFT
CONSENT CALENDAR (Continued)
9.A RESOLUTION NO. 2008-245, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA APPROVING CLOSURE OF THIRD AVENUE FROM "D"
STREET TO "I" STREET AND "H" STREET BETWEEN SECOND AND FOURTH
AVENUES AND PORTIONS OF INTERSECTING STREETS FOR THE ANNUAL
STARTLIGHT PARADE ON DECEMBER 6, 2008 FROM I P.M. TO 10 P.M.
B. RESOLUTION NO. 2008-246, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA APPROVING AN AGREEMENT BETWEEN CITY OF
CHULA VISTA AND THIRD AVENUE VILLAGE ASSOCIATION FOR THE 46TH
ANNUAL STARLIGHT PARADE ON DECEMBER 6, 2008
The annual Starlight Parade is a long standing holiday tradition in the community and
will be held for the 46th year in Chula Vista. For the parade, the Third Avenue Village
Association requests the closure of Third A venue between "D" and "I" Streets, between
Second and Fourth Avenues and portions of intersecting streets from I p.m. to 10 p.m. on
Saturday, December 6, (Communications Director)
Staffrecommendation: Council adopt the resolution.
ACTION:
Deputy Mayor Rindone moved to approve staffs recommendations to adopt
Consent Calendar Items 1-4 and 6-9, headings read, text waived. Councilmember
Ramirez seconded the motion and it carried 5-0, except on Item 9, which carried
4-0-1, with Councilmember Castaneda abstaining.
ITEMS REMOVED FROM THE CONSENT CALENDAR
5. FISCAL YEAR 200712008 ANNUAL FINANCIAL STATUS REPORT
This report was provided in order to meet the City Charter requirement of publishing the
City's Combined Statement of Revenues, Expenditures and changes in Fund Equity in
the local newspaper within 120 days of the close of the fiscal year. The statement is
scheduled for publication in the October 24th issue of The Star News, which is the City's
adjudicated newspaper of general circulation. (Finance Director)
Staff recommendation: Council accept the report.
Deputy Mayor Rindone requested staffs assessment as to why the amount of the Real Property
Transfer Tax was less than half of what was projected. Finance Director Kachadoorian
explained that the transfer tax was part of the base budget in the spring of 2007, prior to
knowledge about current sub-prime rates, but was since adjusted as part of the quarterly
projections presented to the Council, and part ofthe identified budget gap,
Councilmember McCann clarified, and staff confirmed that the projected General Reserve Fund
was ahead of what had been forecasted for the.year's-end. Further discussion ensued regarding
past historical reserve levels in the City.
Page 4 - Council Minutes
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October 21, 2008
DRAFT
CONSENT CALENDAR (Continued)
Deputy Mayor Rindone suggested a future Council Workshop to discuss GASB 45,
Governmental Accounting Standards Board regulations that required governmental entities to
disclose their retiree health-care expenses.
ACTION:
Deputy Mayor Rindone moved to aecept the Fiscal Year 2007/2008 Annual
Finaneia1 Status Report. Councilmember Castaneda seconded the motion and it
carried 5-0.
PUBLIC COMMENTS
Guillermo Lopez, Chula Vista resident, asked the Council to think about the issue of the
proposed peaker plant, and expressed concern about pollutants affecting the community.
Steve Eastis, Chu1a Vista resident, representing the Third Avenue Village Association, thanked
the City for its assistance with the success of the City's first bridal extravaganzalQuinceaiiera
event at Memorial Park.
Theresa Acerro, Chu1a Vista resident, representing the Southwest Chu1a Vista Civic Association,
spoke about issues related to the proposed peaker power plant, stating that nothing was being
done to shut down the current power plant or to avoid improper placement of the proposed power
plant She also addressed the disrepair of City streets and sidewalks, poor conditions of alleys
and drainage, and issues with mosquitoes around trail areas.
Carlos Lopez, Chu1a Vista resident requested Ms. Acerro to read his statements regarding the
dangers of the proposed peaker power plant and its effects on the health of children in the area.
He requested that the Council direct staff to tell the Californian Energy Commission that
according to the 2005 Chu1a Vista General Plan, the power plant was in the wrong location, or to
face the humiliation of a recall.
Diana Vera, Chu1a Vista resident, stated that the decision for recall of the Mayor came from a
group of dissatisfied community members, and stated that decisions regarding the proposed
peaker power plant were made behind closed doors.
Coracie1a Martinez, Chu1a Vista resident, did not speak, but instead, displayed a video that
conveyed concerns in her neighborhood regarding the proposed peaker power plant and its
associated health issues, and potential to lower property values in the area.
Laura Davis, representing Difference Makers International, home of the Blue Ribbon program,
stated that the program offered kids a voice for change. She then introduced Roberto De La
Pena, Student Body President, High Tech High School, and recent program graduate. Ms. Davis
explained that the program included eradicating bullying; making kids' dreams comes true, and
building love and respect with blue ribbons. She announced two upcoming events at Turning the
Hearts Center: "Teens Train Teens", on November I, 2008 from 2:00 p.m. to 4:00 p.m" and
"Blue Ribbon-A-Thon" on November 8, 2008.
Page 5 - Council Minutes
October 21,2008
/6~5
DRAFT
PUBLIC COMMENTS (Continued)
Roberto De La Pena, San Y sidro resident, representing Difference Makers International,
explained that the program provided kids with a voice and tools to build confidence. He invited
the Council to attend the events and to be part ofthe program.
PUBLIC HEARINGS
10. CONSIDERATION OF AMENDING THE CITY'S MASTER FEE SCHEDULE AND
ESTABLISHING NEW GREENS FEES AT CHULA VISTA MUNICIPAL GOLF
COURSE
American Golf Corporation (AGe) is requesting rate changes to greens fees for the Chula
Vista Municipal Golf Course. In accordance with the lease agreement, AGC can submit
rate changes on an annual basis for the City's review and approval. The current greens
fees have been in effect since August 1,2006. This item was continued from the meeting
of October 14, 2008. (public Works Director)
Notice of the hearing was given in accordance with legal requirements, and the hearing was held
on the date and at the time specified in the notice.
Councilrnember McCann stated he would be abstaining from voting on Item 10, due to the
proximity of his property to the golf course. He left the dais at 6:47 p.m.
Mayor Cox opened the public hearing. There being no members of the public who wished to
speak, she then closed the public hearing.
ACTION:
Deputy Mayor Rindone moved to adopt the following Resolution No. 2008-247,
heading read, text waived:
RESOLUTION NO. 2008-247, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA AMENDING CHAPTER VIII (GREENS FEES, CHULA
VISTA MUNICIPAL GOLF COURSE) OF THE CITY'S MASTER FEE SCHEDULE
AND ESTABLISHING NEW GREENS FEES AT CHULA VISTA MUNICIPAL GOLF
COURSE
Councilrnember Ramirez seconded the motion and it carried 4-0-1 with Counci1member
McCann abstaining.
Councilmember McCann returned to the dais at 6:49 p.m.
ACTION ITEMS
11. CONSIDERATION OF APPROPRIATION OF PARK ACQUISITION AND
DEVELOPMENT FUNDS TO DEVELOP MASTER PLANS FOR THE OTAY
RANCH COMMUNITY MASTER PARK AND THE OTAY RANCH VILLAGE II
NEIGHBORHOOD PARKS
Page 6 - Council Minutes
October 21, 2008
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DRAFT
ACTION ITEMS (Continued)
Adoption of the proposed resolutions appropriate funds to develop the Master Plans for
the Otay Ranch Community Park (previously referred to as 70-Acre Park), and Otay
Ranch Village 2 neighborhood parks. It is anticipated that the master planning process
including land parcel acquisition, site analysis, and conceptual design for the Otay Ranch
Community Park will take 18 to 30 months. The Master Plan programming and
conceptual design for the two Otay Ranch neighborhood parks is each estimated to be
completed within 12 to 18 months. Sufficient monies are available in the Park
Acquisition and Development Fund to fund these work efforts. (City
Engineer/Engineering Director)
ACTION:
Deputy Mayor Rindone moved to adopt the following Resolution Nos. 2008-248,
2008-249, and 2008-250, headings read, text waived:
A. RESOLUTION NO. 2008-248, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA ESTABLISHING A NEW CAPITAL IMPROVEMENT
PROJECT ENTITLED "OTAY RANCH COMMUNITY PARK CIP NO. PR261",
AMENDING THE FISCAL YEAR 2008/2009 CAPITAL IMPROVEMENT BUDGET,
AND APPROPRIATING $697,764 FROM THE PARK ACQUISITION AND
DEVELOPMENT FUND TO CIP NO. PR261 TO DEVELOP A MASTER PLAN FOR
THE OTAYRANCH COMMUNITY PARK (4/5THS VOTE REQUIRED)
B. RESOLUTION NO. 2008-249, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA ESTABLISHING TWO NEW CAPITAL IMPROVEMENT
PROJECTS ENTITLED "OTAY RANCH VILLAGE 2 NEIGHBORHOOD PARK P-2
CIP NO. PR309" AND "OTA Y RANCH VILLAGE 2 NEIGHBORHOOD PARK P-3
CIP NO. PR308", AMENDING THE FISCAL YEAR 2008/2009 CAPITAL
IMPROVEMENT BUDGET, AND APPROPRIATING $122,000 FROM THE PARK
ACQUISITION AND DEVELOPMENT FUND CIP NO. PR308 AND
APPROPRIATING $122,000 FROM THE PARK ACQUISITION AND
DEVELOPMENT FUND CIP NO. PRJ09 TO DEVELOP MASTER PLANS FOR THE
OTAY RANCH VILLAGE 2 NEIGHBORHOOD PARK P-2 AND THE OTAY
RANCH VILLAGE 2 NEIGHBORHOOD PARK P-3 (4/5THS VOTE REQUIRED)
C. RESOLUTION NO. 2008-250, RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CHULA VISTA ESTABLISHING A NEW CAPITAL IMPROVEMENT
PROJECT ENTITLED "SUNSET VIEW PARK SAFETY NETTING CIP NO. PR303",
AMENDING THE FISCAL YEAR 200812009 CAPITAL IMPROVEMENT BUDGET,
AND APPROPRIATING $150,000 FROM THE PARK ACQUISITION AND
DEVELOPMENT FUND FOR SAFETY NETTING AT THE SUNSET VIEW PARK
ROLLER HOCKEY RINK (4/5THS VOTE REQUIRED)
Counci1member Ramirez seconded the motion and it carried 5-0.
Page 7 - Council Minutes
October 21, 2008
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DRAFT
OTHER BUSINESS
12. CITY MANAGER'S REPORTS
Interim City Manager Tulloch asked the Council to consider canceling the Council Meeting of
October 28, 2008, due to the lack of agenda items. It was the consensus of the Council to cancel
the meeting. He further stated that a proposed budget for fiscal year 2009/2010 would be
presented at the December 4, 2008 Council Workshop. To that end, he recommended that a
prior Council Workshop be conducted to assist staff with a broad-brush review for revenue
projections and initial input to set the stage for the December 4th Workshop. He suggested that
the workshop be scheduled for November 17, 2008 or alternatively, in conjunction with the
regularly scheduled Council Meeting of November 18, 2008. It was the consensus of the
Council to respond to staff with suggested dates via e-mail.
13. MAYOR'S REPORTS
Mayor Cox announced her participation in the recent grand opening and ribbon cutting of the
Maria Candalaria on Third Avenue, and the recent opening of the Pride Martial Arts studio in the
San Miguel Ranch community. She announced a free home clinic for distressed homeowners on
October 25,2008, at the Civic Center Branch Library, from 10:00 a.m. to 3:00 p.m. She stated
that further information about the clinic was available at www.housingcollaborative.org. She
announced Nature Center Wildlife Refuge week, commencing October 18, 2008, with more
information at www.cvnC.us. Mayor Cox noted that the December 2, 2008 Special Council
Meeting would commence at 6:00 p.m. rather than 4:00 p.m. in order to certify the election
results.
14. COUNCIL COMMENTS
Councilmember Ramirez spoke about his attendance at the recent classical guitarist concert at
the South Chula Vista Library, and he thanked staff for hosting the well-attended event. He
spoke about inquiries he received regarding the Chula Vista Animal Care facility, and thanked
staff for making themselves available to showcase the facility improvements. He also reminded
the community of the importance of spaying and neutering pets.
Councilmember Castaneda informed the community of a free workshop for local small business
retailers, about the practice of safe alcohol and sales service. The workshop was scheduled for
November 6, 2008, from 1:00 p.m, to 3:00 p,m., at the Chu1a Vista Police Department. He
requested that the notice about the workshop be posted on the City's website,
Councilmember McCann thanked Recreation Director Martin, Interim Fire Chief Geering, and
staff, for their proactive approach in providing a pool safety education program.
Deputy Mayor Rindone congratulated the Christmas in October Captains for their leadership and
participation in the recent event, and also recognized Dr. Emerald Randolph for her leadership as
the event organizer, He spoke about his recent attendance at the Western Salt Project Bayshore
Bikeway groundbreaking event, and recognized and congratulated County Supervisor Cox for
his leadership with the project, stating that the south bay cities were all well represented by their
elected officials. He then requested that the agenda be kept light for the Council Meeting of
November 4,2008, in light of the Municipal and the Presidential elections.
Mayor Cox recessed he meeting to convene in Closed Session at 7:04 p.m.
Page 8 - Council Minutes
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October 21, 2008
DRAFT
CLOSED SESSION
15. PUBLIC EMPLOYEE APPOINTMENT PURSUANT TO GOVERNMENT CODE
SECTION 54957
Title: City Manager
No reportable action was taken on this item.
16. CONFERENCE WITH LEGAL COUNSEL REGARDING SIGNIFICANT EXPOSURE
TO LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(b):
Two cases
Case one:
This case was not discussed and no action was taken.
Case two:
No reportable action was taken on this case.
ADJOURNMENT
At 8:15 p.m., Mayor Cox adjourned the meeting to the Regular Meeting of October 28,2008 at
6:00 p.m. in the Council Chambers.
.-
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",/ Lorraine Bennett, CMC, Deputy City Clerk
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Page 9 - Council Minutes
October 2 t, 2008
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. . - ORDINANCE NO. . .. . ~~u f>S)O?\\O~
.. Q~~'i)\~G. '"
ORDINAt"\!CE OF THE CITY OF CHULi'eOfi.mro A,'littNDING
CHAPTER 15.24 OF THE CHULA VISTX'tfUNI9IPAL CODE
BY ADDING SECTION 1524.0629
The CityCouncil of the City of Chula Vista does ordain as follows:
SECTION I. That Chapter 15.24 of the Chula Vista Municipal Code is hereby amended to read
as follows:
Chapter 15.24
ELECTRICAL CODE At""Ul REGULA TIONS*
Sections:
15.24.010 California Electrical Code, 2007Edition, adopted by reference.
15.24.035 Previously used materials..
15.24.045 Distribution panels - Separate required. when.
15.24.050 Circuit cards to be posted when.
15.24.055 Electric fences - Defllled - Prohibiteci.
15.24.060 Phase arrangement - Amended.
15.24.065 Photovoltaic Pre-wiring Requirements.
* For statutory provisions exempting electrical contractors from licensing under an electrical repairman's statute, see.
Bus. and Prof. Code S 9804. For-statutory provisions authorizing cities to regulate the materials used j.n wirlng
structures for electricity and in piping them.for water, gas or electricity, and to regulate the manner ofsllch piping,
see Gov. Code 9 38660.
Prior legislation: Ords. 2045, 2158, 2292, 2459, 2506, 2639 and 2647.
15,24,010 California Electrical Code, 2007 Edition, adopted by reference.
There is hereby adopted by reference the California Electrical Code, 2007 Edition, known as
the. California Code of Regulations Title 24, Part 3, as. copyrighted by the National Fire
Protection Association and the California Building Standards Commission. Said document is
hereby adopted as the electrical code of the City of Chula Vista, regulating the installation,
repair, operation and maintenance of all electrical wiring and electrical apparatus of any nature
whatsoever, whether inside or outside of any building within the City, excepting such portions as
are hereinafter deleted, modified, or amended. Chapter 15,06 CYMC shall serve as the
administrative, organizational and enforcement rules and regulations for this chapter. (Ord. 3091 .
9 1,2007; Ord. 3013 9 1,2005; Ord.2875 9 1,2002; Ord. 2785-B 9 1, 1999).
15,24.035 Previously used materials.
Previously used materials shall not be reused in any work wiiliout approval by the Building
Official. (Ord,3091 91, 2007; Ord. 3013 91, 2005; Ord, 2875 91, 2002; Ord. 2785-B 91,
1999),
l;\AttomcylORD[NA,.'iCES\Ad&rlg?V:o Ec_oi-I3-C9.dac
2-1
. Ordinance No.
Page 2
15.24!8G57D\stribu~ion panels - Separate required when.
Each store in it Hete bui1~ing, each flat in a flat building, and each building used as a dwelling.
shall be so wir~d that each star€' ap~.7!}t, flat or dwelling shall have separate lighting and/or
power dlstnbutlOn panels. Such panels .shall not serve other portions of the building. Hotels,
motels, hotel apartments and similar types of buildings may be wired from one or more
distribution panels. (Ord. 3091 S 1,2007; Ord, 3013 S 1,2005; Ord. 2875 S 1,2002; Ord. 2785-
B S 1, 1999). .
15.24.050 Circuit cards to be posted when,
When requested by the Building Official, a complete schedule of circuits showing the number,
kind and capacity of each outlet on each circuit shall be posted on each job prior to rough
inspection. (Ord. 3091 S 1,2007; Ord. 3013 S 1, 2005; Ord. 2875 S 1, 2002; Ord. 2785-B S 1,
1999).
15.24.055 Electric fences - Defined - Prohibited.
A. As used herein; the term "electric fence" includes all fences which in any way use electrical
energy as an additional deterrent or have wires charged with electricity which. are not covered
with adequate insulation to protect persoqs and animals coming in contact therewith.
B. No electric fence may be constructed, maintained or operated within the City. (Ord. 3091
S 1,2007; Ord. 3013 S 1,2005; Ord. 2875 S 1,2002; Ord. 2785-B S 1, 1999).
15,24.060 Phase arrangement - Amended.
Section 408.3(E) of the California Electrical Code is hereby amended to read:
Phase Arrangement. The phase arrangement on three-phase buses shall be A, B, C from
front to back, top to bottom, or left to right, as viewed from the front of the switchboard
or panelboard. The C phase shall be that phase having the higher voltage ground on three-
phase, four-wire delta-connected systems. Other busbar arrangements may be permitted
for additions to existing installations and shall be marked.
(Ord. 3091 S 1,2007; Ord. 3013 S 1,2005; Ord. 2875 S 1,2002; Otd. 2785-B S 1, 1999).
15.24,065 Photovoltaic Pre-wiring Requirements.
All new residential units shall include electrical conduit specifically designed to allow the
later installation of a photo voltaic (PV) system which utilizes solar energy as a means to provide
electricity. No building permit shall be issued unless the requirements of this section and the
Chula Vista Photo voltaic Pre-Wiring Installation Requirements. are incorporated into the
approved building plans.
The provisions of this chapter can be modified or waived when it can be satisfactorily
demonstrated to the building official that the requirements of this section are impractical due to
shading, building orientation, construction constraints or configuration of the parcel.
J:\AUorneyIORDrNANCES\Addillg PV to EC_Ol.-l3_Q9.doc
2-2
Ordinance No.
Page 3
SECTION II. FINDINGS Al'ID DECLARATION.
The City Council of the City of ChuIa Vista specifically and expressly finds and declares that
adding section 15.24.065 to Chapter 15.24 is necessary due to local climatic conditions. As a
result of high summer ambient temperatures and periods of heat waves, average load demand and
peak load demand of energy used in Chu1a Vista is an important factor concerning public safety
and adverse. economic impacts of power outages or power reductions. Facilitating the installation
of Photovoltaic systems will have local and regional benefits in the reduction of total and peak
energy use and greenhouse gas emissions.
SECTION III. EFFECTIVE DATE.
This ordinance will take effect and be in force thirty days after final passage.
Presented by
Gary Halbert
Deputy City ManagerIDeve10pment
Services Director
J:\AtlomeylORDlNAZ'lCES\Adding PV ~oEC_Ol-13-09.doc
2-3
. r::R\\O~
. . ~'-\\) ~ .
ORDINA1'TCE NO. ~~~l"". .
.. . .,?-~\) .
ORDINA1'TCE OF THE CITY OF~~~ VISTA A1\1E~TIING.
CHAPTER 15.28 OF THE CHUL~"V:iSTA MUNICIPAL CODE
BY ADDING SECTION 15.28.015
The City Council of the City of Chu1a Vista does ordain as follows:
SECTION LThat Chapter 15.28 of the Chu1a Vista Municipal Code is hereby amended to read
as follows:
Chapter 15.28
PLUMBING CODE*
Sections:
15.28.010 Califonlla Plumbing Code, 2007 Edition, adopted by reference.
15.28.015 Solar Water Heater Pre-Plumbing..
. Prior legislation: Prior code gg 23.3 and 23.9; Ords. 779, 1332, 1748, 1917,2156,2343: 2506, 2508, 2639 and
2646. .
15.28.010 California Plumbing Code, 2007 Edition, adopted by reference.
There is hereby adopted by reference the California Plumbing Code, 2007 Edition, lmown as
the California Code of Regulations, Title 24, Part 5, and Appendices A, B, D and I of that
document as copyrighted by the International Association of Plumbing and Mechanical Officials
and the California Building Standards Commission. Said document is hereby adopted as the
plumbing code of the City of Chula Vista for regulating the complete installation, maintenance
and repair of plumbing, drainage systems, water systems, gas systems, and private sewage
disposal systems on all properties and within all buildings and structures in the City. Chapter
15.06 CYMC shall serve as the administrative, organizational and enforcement rules and
regulations for this chapter. (Ord, 3092 S 1,2007; Ord. 2877 S 1,2002; Ord. 2787-B S 1, 1999).
15.28.015 Solar Water Heater Pre-Plumbing,
All new residential units shall include plumbing specifically designed to allow the later
installation of a system which utilizes solar energy as the primary means of heating domestic
potable water. No building pertuit shall be issued unless the requirements of this section and the
Chula Vista .Solar Water Heater Pre-Plumbing Installation Requirements are incorporated into
the approved building plans.
The provisions of this chapter cim be modified or waived when it can be satisfactorily
demonstrated to the building official that the requirements of this section are impractical due to
shading, building orientation, construction constraints or configuration of the parcel.
- J:l.Attamey\ORDlN^'''CES\Adding SHWH to ?C_Ol-IJ-C9..10<i .
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Ordinance No.
Page 2
SECTION II.
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FINDINGS A1'{D DECLARATION.
" ,
The City Council of the City ofCh~ia V\*'ispecifically and expressly finds and declares that
adding section 15.28.015 to Chapter 15.28 i~' rie~es]!liY due to local climatic conditions. Asa
result of high summer ambient temperatures and periods of heat waves, average load demand and
peak load demand of energy used in Chula Vista is an important factor concerning public safety
. and adverse economic impacts of power outages or power reductions. Facilitating the installation
of solar water heating systems will have local and. regional benefits in the reduction of total and
peak energy use and greenhouse gas emissions.
SECTION III. EFFECTIVE DATE.
This ordinance will take effect and be in force thirty days after final passage.
Presented by
Gary Halbert
Deputy City ManagerlDevelopment
Services Director
j;\All<:>rncy\ORDINA:-iCES\Adding SHWH to PC_OI-! }..o9.doc
2-5
CITY. cau NCI L
AGENDA STATEMENT
~ \ ft.. CITY OF
'''::~ (HULA VISTA
ITEM TITLE:
SUBMITTED BY:
REVIEWED BY:
1/20109, Item .3
RESOLUTION OF THE CITY COlJNCIL OF THE CITY OF
CHULA VISTA ACCEPTING BIDS ANTI AWARDING
CONTRACT FOR THE "PALOMAR GATEWAY COJ'vlNflJi\'lTY
TRAJ."iSIT AREA PROJECT FOR PALOMAR STREET At'ID
INDUSTRIAL BOULEVARD IN THE CITY OF CHULA VTST A,
CALIFORNIA, CIP NUj\;lBER: STL-280, FEDERAL PROJECT
NUj\;lBER: RPSTPLE - 5203 (022),At"iD CALTRANS EA
NUj\;lBER.: 11-212874 L" PROJECT TO HILLCREST
CONTRA,CTING, INe. IN THE At\10UNT OF $1,606,789.30 At'ID
AUTHORlZING THE EXPEND~TU. OF ALL AVAILABLE
FUNDS IN THE PROJECT
,
DIRECTOR OF PUBLIC WORKS ,
ASSISTAt"iT CIT~M N GER
CITY MANAGER
4/STHS VOTE: YES 0 NO [g]
S UMlYlARY
On December 24, 2008, the City received thirteen (13) sealed bids for the "Palomar Gateway
Community Transit Area Project for Palomar Street and Industrial Boulevard in the City of
Chu1a Vista, California (STL280)" project. This project will improve a major entrance to the
southwestern area of the City. In addition, this project will beautify the Community Transit Area
on Industrial Boulevard and Palomar Street by the addition of visual enhancements, including
area landscaping, parkways, and medians.
ENVIRONMENTAL REVIEW
The Enviromnental Review Coordinator has reviewed the proposed project for compliance with
the California Environmental Quality Act and has determined that the project qualifies for a
Class I categorical exemption pursuant to Section 15301(c) (Existing Facilities) of the State
CEQA Guidelines because the project involves no expansion of an existing street use. Thus, no
further environmental review is necessary.
In addition, the Environmental Review Coordinator has reviewed the proposed project for
compliance with the National Environmental Policy Act (i'iEPA) and has determined in
conjunction with the California Department of Transportation (Caltrans) that the proposed
project qualifies for a Programmatic Categorical Exclusion pursuant to NEPA Guidelines as
implemented by the U.S. Department of Transportation, Federal Highway Administration. Thus,
no further environmental review is necessary.
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Page 2 of 5
RECOMMENDATION
Council adopt the resolution
BOARDS/COMMISSION RECOMMENDATION
Not applicable.
DISCUSSION
On February 14, 2006, by Resolution No. 2006-044, Council accepted a grant from SANDAG's
Pilot Smart Growth Incentive Program 10 enhance the Palomar Gateway" District Streetscape at
Palomar Street and Industrial Boulevard. This project can be viewed as the initial phase of a
larger development strategy to guide the development for the Palomar Gateway district
neighborhoods identified in the General Plan Update and is a significant investment in the
Southwest Chula Vista community.
During the early and middle design phases of the project, City staff met on three occasions with
the community to discuss various aspects of the project, obtain their input, understand their
concerns, and incorporate that input where possible. Dates and summaries of each meeting are
as follow:
. October 6, 2005, Harborside Elementary School -- The primary purpose of this meeting
was to discuss the "Pumpkin Patch" development project, but the Palomar Gateway was
also discussed. In general, members of the community expressed concerns about traffic
congestion and intersection traffic safety. Staff feels that the project design -- including
enhanced crosswalks, a traffic circle, installation of medians, etc. -- appropriately.
addresses these concerns.
. September 28, 2006, Harborside Elementary School - This meeting also discussed both
the Pumpkin Patch and the Palomar Gateway project; a PowerPoint presentation was
given on Palomar Gateway. Citizens expressed concerns about traffic congestion, lack of
landscaping, the need to widen the 1-5 overcrossing, and the difficulty in making left
turns at Frontage Road and Palomar Street during peak traffic hours. The project will
provide enhanced landscaping and incorporate traffic calming measures to improve
safety. Staff explained that the project's scope, as approved by SANDAG and the
California Transportation Commission, did not include the freeway overcrossing or
signal improvements at Frontage Road; future development in the area, such as the
Pumpkin Patch project, will require the installation of a traffic signal at Frontage Road
and Palomar Street. An 1-5 corridor study by the City and SA1'IDAG will address the
ultimate requirements for the bridge overcrossing.
. November 7, 2007, Temp10 Ebeneezer - This project specifically discussed Palomar
Gateway and a PowerPoint presentation was also given. The full project and landscaping
concepts were presented at this meeting. The landscaping concept was generally
supported by the community, except for 50-feet high poles with blue lights on top that
were intended to draw freeway users to the area; therefore, this design feature was
eliminated from the project plans. The other issue involved the construciion of a raised
median that will prohibit left turns at Trenton Avenue; one resident of Trenton Street
opposed the median, but it remains in the project due to significant safety concerns.
3-2
1/20/09, Item..3..-
Page 3 of 5
The project will promote development efficiency and encourage the use of local and regional
transportation by enhancing pedestrian access to the existing transit station at Palomar Street and
Industrial Boulevard. Project improvements include landscaped parkways and travel ways,
installation of bikeways and pedestrian-level lighting, a new drop-off lane for the City's transit
passengers, as well as a beautified traffic roundabout, which will also serve to calm traffic in the
area,
On July 24, 2008, the funds for this project were allocated by the California Transportation
Commission (CTC) with a requirement to award the constmction contract within six months
(January 24, 2009). Due to State cash flow issues, the City did not receive authorization from
Caltrans to proceed with advertisement of the project until November 14, 2008; the project was
advertised on November 28, 2008.
On December 24, 2008, the City received thirteen (13) bids for the project. All proposals were
contingent upon a base bid submittal and submittals of required Federal, Slate, and local
documentation. Staff carefully analyzed the thirteen (13) bids submitted. The bids from the
thirteen (13) contractors, as well as any noted discrepancies, are as follows:
CONTRACTOR SUBMITT AL TOTAL
RESULTS SUBMITTED
3D Enterprises, Inc., i\rlisslng signed
1 San Diego, CA documents pg. 13; 15 $1,563.818.00
& siened addendum
Palm Engineering, Inc., Mathematical errors $1,591,186.50
2 Actual bid sum:
San Diego, CA $1,590,988.50 offby $198.00
3 I Hillcrest Contracting, Inc., All requirements met $1,606,789.30
Corona, CA
Portillo Concrete, Inc., Nlissing signed
4 San Diego, CA documents: No signed $1,693,310.00
Fed. documents
5 I L. B. Civil Construction, Inc., All requirements met I $1,724,46245
San Diego, CA
HT A Engineering and Construction, Inc., Mathematical errors I $1,730,297.80
6 Actual bid sum:
Po way, CA $1,731,797.80 I offby $1,000.00
7 Elite Landscaping, Inc., All requirements met $1,755,027.00
Clovis, CA
8 Western Rim Constructors, Inc., Mathematical errors 81,794,000.00
Escondido, CA Rounded numbers UD
Hazard Construction Company, Inc., Missing signed
9 documents: Did not 81,860,642.50
San Diego, CA submit pao-e 13, 15
10 Landmark Site Contractors, Inc., All requirements met $1,868,151.00
Perris, CA
)1 Scheidel Contracting and Engineering, Inc., Mathematical errors 81,890,313.50
La Mesa, CA No Fed doc signed
12 I Heffler Company, Inc., Mathematical errors 81,915,538,81
National City, CA
13 West Coast General Corporation, All requirements met 81,997,891.78
Poway, CA
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The apparent low bid proposal in the amount of $1,563,818.00 was submitted by 3D Enterprises,
Inc. San Diego, California. During the review of the bid proposal, staff found that 3D Enterprises
had submitted an incomplete bid, DBE forms and contract addenda were not submitted.
Because the bid package submitted by 3D Enterprises is incomplete, the bid specifications renders
its bid non-responsive and staff, therefore, recommends that 3D Enterprises bid be rejected.
Staff then reviewed the apparent second low bid proposal in the amount of $1,591,186.50,
submitted by Palm Engineering, Inc., San Diego, California. During review of Palm Engineering's
bid proposal, staff found that the contractor had incorrectly summed the bid items. The bid
documents for this project state lhat "...proposals may be rejecred if they show any alterations of
form, additions nor called for, conditional or alternarive bids. incomvlete bids, erasures, or
irre'Zularities of anv kind (emphasis added). Because the error made by Palm Engineering, Inc is
clerical in nature, Palm Engineering, Inc. would be able to withdraw its bid without forfeiting its
bid bond. The failure of Palm Engineering, Ine" to properly respond to the bid specifications
renders its bid non-responsive and staff, therefore, recommends that Palm Engineering, Inc.'s bid
be rejected. In addition, staff also does not consider Palm Engineering to be a responsible bidder
under California Public Contract Code, section 1103 because its principals have previously
prosecuted work on behalf of the City of ChLl1a Vista that resulted in cost ovemms and litigation.
The third low bid proposal submitted by Hillcrest Contracting, Inc., Corona, CA met all of the
requirements stated within the contract documents and in Addendum I. Hillcrest Contracting,
Inc.'s submitted bid of $1,606,78930 is $284,531.70 (15%) below the Engineer's estimate of
$1,891,321. The Engineer's estimate was based on average prices for similar types of work
completed during the last two years. This Contractor has hot done any work previously for the
City; however, staff conducted a detailed reference check and all references were satisfactory.
After reviewing all submitted bids, and based upon Federal, State, and local contracting
guidelines, staff recommends awarding a contract in the amount of $1,606,789.30 to Hillcrest
Contracting, Inc., Corona, CA. The Contractor's License Number is 471664 and is current and
active.
Also for consideration is the authority of the Director of Public Works to approve change orders
over and above existing policy limits. Under City Council Policy No. 574-01, if an individual
chancre order causes the cumulative increase in change orders to exceed the Director's authority
c '"' ~
("Maximum Aggregate Increase in Change Orders"), then City Council approval is required.
The contract amount for the subject project is $1,606,789.30. The corresponding maximum
aggregate contract increase that may be approved by the Director of Public Works under Policy
No. 574-01 is $103,339.45. Approval of tonight's resolution will increase the Director of Public
Works' authority to approve change orders as necessary up to the contingency amount of
$200,000, an increase of $96,660.55 and will authorize staff to expend all available
contingencies and to increase the value of the contract, as necessary, as a result of unforeseeable
conditions and unit quantity adjustments. Unforeseen conditions include such items as utility
conflicts, hazardous materials, unexpected underground conflicts, etc. . If the contingency funds
are not used, then they will be returned to the proj ect fund balance.
Wage Statement
The contractors who bid on this project are required to pay prevailing wages to persons
employed by them for the work performed under this project. A "Notice to Contractors" was
sent to various trade publications in order to encourage disadvantaged businesses to bid on the
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1120/09, Item~
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project. The wage decision number and lock in dates is General Decision Number CA20080001,
Modification Number 16, Publication Date 12/05/2008.
Disclosure Statement
Attached is a copy of the Contractor's Disclosure Statement (Attachment 1).
DECISION MAKER CONFLICT
Staff has reviewed the property holdings of the City Council and has found no property holdings
within 500 feet of the boundaries of the properties which are the subject ofthis action.
FISCAL IMPACT
The majority of construction (89.53 %) is covered by the grant received from SA.l\!DAG. The
rest of the construction (11.47%) and all the soft costs (survey, design, ROW, environmental,
engineering) have been covered by other funds. 'The money from this grant will be reimbursed
to the City as payments are made to the Conlractor. To mitigate any cash flow deficiencies, it is
staffs intent to request reimbursement on a bi-month1y basis during construction. The budget
breakdown and costs follow:
FUNDS REQUIRED FOR GONSTRUGITON
A. Contract Amount $ 1,606,789.30
B. Continaencies 12% $ 200,00000
C. Utility Relocation $ 90,000.00
D. StalTeosts
Survey, Design, ROW, Environmental, Administration 26% $ 475,00000
Construction Inspection and Engineerincr 14% $ 247,000.00
TOTAL $ 2,618,789.30
FUNDS AVAILABLE FOR CONSTRUCTION
A. Gas Tax $ 200,000.00
B. Trans Sales Tax $ 200,000.00
C. Transit Cap $ 50,000.00
D. So. West/Twn Ct $ 500,000.00
E. Trans Partner Fd $ 125,000.00
F. Transportation Enhancement (TE) Federal/State Grant $ 2,000,000.00
TOTAL $ 3,075,000.00
Upon completion of the project, the improvements will require only routine City open space
mamtenance.
ATT ACHiVIENTS
1. Contractor's Disclosure Statement
Prepared by: Roberto Yano. Sr. Civil Engineer, Department afPublic Works
M:\Genera\ Services\GS Administration\COllllcil Agenda\STL280 Palormar G:Heway\STL2S0 A 113 Palom<lr Gateway 0 I 202009 r6_doc
3-5
RESOLUTION NO. 2009-
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
. CHULA VISTA ACCEPTING BIDS AND AWARDING
CONTRACT FOR THE "PALOMAR GATEWAY
COMMUNITY TRANSIT AREA PROJECT FOR PALOMAR
STREET AND INDUSTRIAL BOULEVARD IN THE CITY OF
CHULA VISTA, CALIFORt'JIA, CIP NUMBER: STL-280,
FEDERAL PROJECT NUMBER: RPSTPLE - 5203 (022), AND
CALTRA.t"\TS EA NUwillER: 11-212874 L" PROJECT TO
HILLCREST CONTRACTING, INe. IN THE AMOUNT OF
$1,606,789.30 AND AUTHORIZING THE EXPENDITURE OF
ALL A V AILABLE FUNDS IN THE PROJECT
WHEREAS, this project will beautify the Community Transit Area on Industrial
Boulevard and Palomar Street by the addition of visual enhancements in the area landscape,
parkways and medians; and
WHEREAS, the project will include all labor, materials, equipment, transportation,
protection of existing improvements and traffic control necessary for the project and other work
necessary to render the new improvements complete and workable; and
WHEREAS, the City received thirteen (13) sealed bids for the "Palomar Gateway
Community Transit Area Project for Palomar Street and Industrial Boulevard in the City of
Chula Vista, California (STL280)" project; and
WHEREAS, the bids are as follows:
CONTRACTOR SUBiVUTTAL TOTAL I
RESULTS . SUBMITTED
3D Enterprises, Inc. Missing signed
I San Diego, CA documents pg. 13, 15 $1,563,8]8.00
& signed addendum
Palm Engineering; Inc., Mathematical errors $1,591,186.50
2 Actual Bid Sum:
San Diego, CA $1,590,988.50 off by $198.00
" Hillcrest Contracting, Inc., All requirements met $1,606,789.30
0 Corona, CA
Portillo Concrete, Inc., Missing signed
4 San Diego, CA documents: No signed $1,693,310.00
Fed. documents
5 L. B. Civil Construction, Inc., All requirements met $1,724,462.45
San Diego, CA
J:\Attomey\Ff!"AL RES0S\20a9\OI 2Q09\Resal STL280 Rev OI-20-09REV VLdoc 3 _ 6
Resolution No. 2009-
Page 2
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HT A Engineering and Construction, Inc., Mathematical errors $1,730,297.80
6 Actual bid sum:
Poway, CA $1,731,297.80 off by $1,000.00
7 Elite Landscaping, Inc., All requirements met $1,755,027.00
Clovis, CA
8 Western Rim Constructors, Inc., Mathematical errors $1,794,000.00
Escondido, CA Rounded numbers up
Hazard Construction Company, Inc., Missing signed
9 San Diego, CA Documents: did not $1,860,642.50
submit pacre 13, 15
10 Landmark Site Contractors, Inc., All requirements met $1,868,151.00
Perris, CA
11 Scheidel Contracting and Engineering, Inc., Mathematical errors $1,890,313.50
La Mesa, CA No Fed doc signed
12 Heffler Company, Inc. Mathematical errors $1,915,538,81
National City, CA
13 West Coast General Corporation, All requirements met $1,997,891.78
Poway, CA
WHEREAS, the apparent low bid proposal in the amount of $1,563,818.00 was
submitted by 3D Enterprises, Inc. San Diego, CA. During the review of the bid proposal, staff
found that 3D Enterprises had submitted an incomplete bid. DBE forms and contract addenda
were not submitted; and
WHEREAS, the bid package submitted by 3D Enterprises is incomplete, the bid
specifications renders its bid non-responsive and staff therefore recommends that 3D Enterprises
bid be rejected; and
WHEREAS, the apparent second low bid proposal in the amount of $1,591,186.50,
submitted by Palm Engineering, Inc., San Diego, CA. During review of Palm Engineering's bid
proposal, staff found that the contractor had incorrectly summed the bid items; and
WHEREAS, the failure of Palm Engineering, Inc. to properly respond to the bid
specifications renders its bid non-responsive and staff, therefore, recommends that Palm
Engineering, Inc.'s bid be rejected; and
WHEREAS, staff also does not consider Palm Engineering, Inc. to be a responsible
bidder under Cal. Public Contract Code section 11 03 because its principals have previously
prosecuted work on behalf of the City of Chula Vista that resulted in cost overruns and litigation
and recommends that Palm Engineering, [nc.'s bid also be rejected on this basis in addition to the
above; and
J:\Anomcy\FINAL RESQS\2009\Ol 20 09IRcsol ST~280 Rev OI-20-09REVVl.doc 3 _ 7
Resolution No. 2009-
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WHEREAS, staff has reviewed the third low bidder's document and found no
discrepancies with Hillcrest Contracting, Inc, bid package, and the Contractor's License Number
is 471664 and is current and active; and
WHEREAS, staff reviewed the reference of Hillcrest Contracting, [nc" and found their
work satisfactory; and
WHEREAS, the low bid submitted by Hillcrest Contracting, Inc., Corona, CA is below
the Engineer's estimate 01'$1,891,321.00 by $284,531.70, or approximately 15%; and
WHEREAS, staff is recommending awarding the contract to Hillcrest Contracting, Inc. of
Corona, CA in the amount of$I,606,789.30; and
WHEREAS, the contractors who bid on this project are required to pay prevailing wages;
and
WHEREAS, the wage decision number and lock in dates is General Decision Number
CA20080001, Modification Number 16, Publication Date 12/05/2008; and
WHEREAS, approval of tonight's resolution will increase the Director of Public Works
authority to approve change orders as necessary and authorizing the expenditure of all available
funds in the project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista accept bids and award contract for the "Palomar Gateway Community Transit Area Project
for Palomar Street and Industrial Boulevard in the City of Chu1a Vista, California (STL280)"
Project to Hillcrest Contracting, Inc. in the amount of $1,606,789.30 and authorize the
expenditure of all available funds in the project.
Presented by .
Approved as to form by
Richard A. Hopkins
Director of Public Works
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art C. Miesf -'
City Attorney
D' C>
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C',{ .
J:\Attomcy\FINAL RESOS\2009\OI 20 09\Rcso\ STL2S0 Rev OI-20-09REV VLdoc 3 - 8
CHULA VISTA
7. ri:l!~
. iii ,
REDEVELOPMENT
AGENCY
AGENDA STATEMENT
January 20, 2009, Item..L
ITEM TITLE:
RECEIPT OF REDEVELOPMENT YEAR-E]\iD REPORTS
FOR FY 2007/2008 I . V
FINA.NCE DIRECTOR !~'II. t-^'!M\
DEPUTY ~;~r M/\.l'JAGER / DEVELOPMENT SERVICES
DIRECTO"(tf~
CITY MA..NAGER:~ .
SUBMITTED BY:
REVIEWED BY:
4/5THS VOTE: YES I I NO I X I
SUMj\1ARY
The Chula Vista Redevelopment Agency is requireli to prepare an Annual Report for
consideration by its Board. California State Health fu"1d Safety Code Section 33080.1 requires
me report to include the folloV\ing elements: (1) fu"1 independent financial audit report fu"1d
opinion regarding the Agency's compliance with applicable regulations: (2) the Report of
Financial Transactions of Community Redevelopment Agencies (State Controller's Report); and
(3) the State Department of Housing and Community Development Schedules A-E. These
reports Rrovide detailed infonnation regarding me activities of the Redevelopment Agency, and
ar~.[equi;ed to be presented to the legislative body at this time. -
'"
Due to scheduling cot1Jlicts, the Agency's auditor is unable to be present at tonight's meeting. A
more thorough presentation, including the City's Flnancial Statements, will be presented on
January 27, 2009 when ,he auditor is available to be present. Although the auditor will no, be
present, California State Health and Safety Code Section 33080.2(b) requires the legislative body
to review the report no later than the first meeting of me legislative body occurring within 21
davs from the receipt of the report, which was December 30, 2008.
ENvIRONMENTAL REVIEW
The Envirolliuental Review Coordinator has reviewed the proposed activity for compliance with.
the California Environmental Quality Act (CEQA) and has determined that filing of this annual
report is not a "Project" as defined under Section! 53 78 of the State CEQA Guidelines because it
',I--ill not result in a physical cha.'1ge to the envirolli"lJent: therefore, pursuant to Section
15060(c)(3) of the State CEQA Guidelines the actions proposed are not subject to CEQA
RECOMMENDATION:
The ~~gency accepts the reports.
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Page 2 of2
DISCUSSION:
Independent Financial Audit Report
Pursuant to the City Charter and California State Health and Safety Code, an annual audit is
performed of the Agency's finarlcia1 records by an independent accounting firm. The report is
included as Attachment 1. The firm of Macias, Gini and O'ConnelL LLP has examined the
general purpose fmancial statements of the Redevelopment Agency of the City of Chula Vista,
and issued their opinion that those statements "present fairly, in all material respects, the
fina..,cial position of the Agency as of June 30, 2008, and the results of its operations and cash
flows for the year Lhen ended in conformity with generally accepted accounting principles." The
audit did not result in any material adjustments to previously reported year-end figures.
1, order to form a basis for their opinion, Macias, Gini and O'Connell, LLP, evaluated the
internal control procedures of the Agency and found no material weaknesses.
Report of financial Transactions of Community Redevelopment Agencies
The Report of Financial Transactions of Community Redevelopment Agencies (State
Controller's Report), included as Attachment 2, provides a sum.11lary of the financia.l
transactions of the Redevelopment Agency during FY 2007/08. Additionally, the Agency must
pro,cide a description of the properties that it owns, a SlllJ:h-nary of Agency expenditures in the
previous fiscal year that have contributed to alleviating blight, and a list and status of all loans
made by the Agency that are in default or out of compliance.
State Department of Housing an.d Community Development Schedules A-I
Provided as Attachment 3 are the HCD schedules which report on the status and use of the Low
and Moderate Income Housing Funds and housing activities for FY 2007/08.
DECISION MAKER CO~7LICT
Staff has determined that the action contempla.red by this item is ministerial, secretariaL marlUal,
or clerical in nature and does not require the City Council members to make or pa.rticipate in
making a governmental decision, pursuant to California Code of Regulations section 18702.4(a).
Consequently, this item does not present a conflict under the Political Refom1 Act (Cal. Gov't
Code 9 871 00, et seq.J.
FISCAL IMPACT
There. is no fiscal LtTIpact to tt'1e A..gency from this aCTion. The contract for audit services totaled
$90,000 for the year reported.
A TT A CHMENTS:
1) Independent Financial Audit Report;
2) Report of Financial Transactions of Corrununity Redevelopment Agencies:
3) State Deparu-nent of Housing and Community Development Schedules A-E
PREPARED BY:
Amanda Mills, Redevelopment and Housing Manager
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ATTACHMENT 1
REDEVELOPMENT A-GENCY OF THE
CITY OF CHULA VISTA
r
FinanCial Statements
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IndepenilentiAudltor's Report .
A' "',..
Fodthe Year EndedrJune 30, 2008
, 57
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REDEVELOPMENT AGENCY OF TRE CITY OF CHVLA VISTA
Financial Statements
For the Year Ended June 30, 2008
Table of Contents (Continued)
Pagers)
Supplementary Information
Bayfront/Town Centre I Debt Service Fund - Budgetary Comparison Schedule...,.............................. 44
Town Centre IT Gtay Valley Southwest Merged Projects Debt Service,Pund-
Budgetary Comparison Schedule .......,..........................__...............~."':.............,..,..............................45
Independent Auditor's Report on internal Control Over Financiar~'and on
Compliance (Including the Provisions Contained in the Guidelilf-es 'for Com-piiance
Audits oi Redevelopment Agencies) and Other Matters'fBased',on an Auilit~i
Financial Statements Performed in Accordance wit~Gover!i';nent AUditing
Standards ... ...... ........ ..... ....,........... ......... ,................. ................ ..~,f;......... ......,.. ..................., ....... ...... ""'h' ....... 47
.~
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REDEVELOPMENT AGENCY OF THE CITY OF CHUL.4. VISTA
Financial Statements
For the Year Ended June 30,2008
Table of Contents
Pagers)
Letter of Transmittal.................................... ...................... ..........'.....................,.........,.... ............,................ i
Independent Aud i tor's Report... ~..........,.....,. ,......... .........................,..... ............................ ,......,................... I
Management's and Discussion Analysis (Unaudited)........................:.....................................,................... 3
Basic Financial Statements
~&
Statement of Net Assets..., ........ ........... ..:............... ........ .,~__.~,.. ....... .'-~~..........................,............,.,... 7
~~"
Statement of Activities ... ..................................,......~I!L........~..............:.,.........,................................ 8
Balance Sheet - Govemmental Funds ..'..............................._............................................................. i 0
, ~. "...,
Reconciliation of the Governmental Funds Balan. ,c~Sneet.to'the Statement of
" ....,,,.. .
Net Assets .................... ...................................."..,...... ...................................... ....,.... ......................... ] 3
Statement of Revenues, Expenti~ d chanl)s<in Fund Balances Govemmental Funds __.....c... 14
.~L~
Reconciliation of the Stl1-l~rnent ~1E-~.venues, Expenditures and Changes in
F d B I fG ,<_dUll!!il1.. I F .lll~~ th S. fA . ,. \7
un a ances 0 ovemmenta unuS~to. e ta!ement 0 ctJvftles..............................................
4! ;\ 't.?
,., j
Notes to Financial Statements ....,~......~..,..............,..............................................................__............ 19
.'I~.J
Required Supplementary InfiJmlation (Unaudited)
r
Low and Moderate Income Housing Special Revenue Fund _ Budgetary
Comparison Schedule........... ............ ...,.,.............. .,................. ......,......... .......... ........... ....,......'........ ,.. 38
Redevelopment Agency Housing Program Special Revenue Fund -Budgetary
Comparison Schedule......... ... ............... ........ ... .... ........ ......... ...... ..........., ....... ............,........... .......____ '''__. .. 39
Note to Required Supplementary Information .............................----............--..............................,.....4]
4-5
. ,,,,,.'.'.
c.... '_'~----'~
The Board of Directors of the
City ofChu!a Vista Redevelopment Agency
Independent Auditor's Rel!!lii
We have audited the accompanying financial statements Ofthi:i6~rnmentar>activitjeS and each major fund
of the City of Chula Vista Redevelopment Agency (Agen<;1), a component u'!ifiSf the City of Chula Vista,
California as of and for the year ended June 30, 2008~hich>~lectivelY comprise the Agency's basic
financial statements as listed in the table of contents. These fiiliiiicial statements are the responsibility of the
Agency's management. Our responsibility is to express opinio~~,these financial statements based on our
d. J.
au It
We conducted our audit in accordance \;vith auditinglstandards generally accepted in the United States of
America and the standards aopiicable4ti%.rmancial audits contained in Government Auditing Standards
issued by the Comptroller Ge~er~l(o'i-"the Wited State~Those standards require that we plan and perform
t':e audit to obtain reasonable ass~ce~t5Oirtl..,w~ther the financial statements are free of material
misstatement. An audit includeS;1consl1igration of internal control over financial reporting as a basis for
designing audit procedures"'that ;~proPJi-\~e"in the circumstances, but not for the purpose of expressing
an opinion on the efj'ec!r...-eness of t'City's internal control over financial reporting. According]y, we
express no such opinion~~n aUditJalso includes examining, on a test basis, evidence supporting the
amounts and disclosures in tfl'~[1anci~! statements, assessing the accounting principles used and significant
estimates made by managementi:~af well as evaluating the overall financial statement presentation. We
believe that our aud it provides a reasonable basis for our opinions. .
In our opmlOn, the financial statements referred to above present fairly, in a1l material respects, the
. respective financial position or the governmental activities, and each major fuild oflhe Agency as of June
30, 2008, and the respective changes in financial position thereof for the year then ended in conformity with
accounting principles generally accepted in the United States of America.
In accordance with Government Auditing Standards.. we have also issued our report dated
, 20_, on OUf consideraoon of the Agency's intemai control over
financial reporting and on our tests of its compliance with cenain provisions of laws; regulations, contracts,
and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of
internal control over financial reporting and compliance and the results of that testing, and not to provide.an
' opinion on the interne.] control over financial reporting or on compliance. That repof! is an lntegral part of
an audit performed in accordance with Government Auditing Standards and should be considered in
assessing the resuJts of Our audit.
4-6
The management's discussion and analysis and other required supplementary information identified in the
accompanying table of contents are. not a required part of the basic financial statements, but are
supplementary information required by the Govemmental Accounting Standards Board. We have applied
certain limited procedures, which consisted principally of inquiries of management regarding the methods of
measurement and presentation of the required supplementary information. However, we did not audit the
information and express no opinion on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the Agency's basic financial statem~nts. The accompanying major fund budgetary compariso~
schedules listed as supplementary information in the table of contents are presented for purposes of
additional analysis and are not a required part of the basic financial statements, The major fund budgetary
comparison schedules have been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, are fairly stated, in all material re::spects in relation to the basic
financial statements taken as a whole.
Certified Public Accountants
Newport Beach, California
(Date: Auditor's Report Date)
2
4-7
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Statement of Net Assets
June 30, 2008
Assets:
Cash and investments
Receivables:
Taxes
Interest
Loans
Other
Prepaid expenses
Other assets
Land held for resale
Due from other City ofChu]a Vista funds
Restricted cash and investments
Held by City of Chula Vista
Held by fiscal agent
CaPital assets:
N ondepreciab Ie assets
Depreciated capital assets,
net of accumulated depreciation
Total assets
Liabilities:
Current liabilities: ~~. .~~"
Accounts paya~;,g,i,\ll'd accrued '~ifub'ht'es.
. Interest payable' ,
Unearned revenues .
Due within one year
Noncurrent liabilities:
Due in more than one year
Total liabilities
Net assets:
invested in capital assets, net of related debt
Restricted for:
Capital projects
Community development
Unrestricted (deficit)
Total net assets (deficit)
See Accompanying Notes to Financial Statements.
i
4-8
........__'..._...__._,..._..-...__..._..c_~___.,..:.___'-...:<;...,~
Governmental
Activi ties
$
9,053,882
3 J 5,477
85,724
18,634,157
246,758
1,8] 6
465,946
2,260,925
2,085,2i4
4,594,709
6,515,285
7,530,052
1,d66,27!
53,256,276
5,193, I 00
615,158
203,562
J,420,910
70,422,593
77,855,323
8,996,323
3,392,846
10,172,383
(47,160,599)
$ (24,599,047)
REDEVELOPMENT AGENCY OF TIIE CITY OF CHULA VISTA
Statement of Activities
For the Year Ended June 30, 2008
FunctionslPrograms:
Governmental activities:
General government
Interest on iong-term debt
Loss on disposal of asset
Total governmental activities
$
Expenses
$
General revenu
Property taxes
lnterest earnings
4ffi"""
Miscel.l~neou._s Y' .
L01~
otal""general revenues
Net assets (deficit), beginning of year
Net assets (deficit), end of year
See Accompanying Notes to financial statements.
8
4-9
Net (Expense)
Revenue and
Change in
Net Assets
Governmental
Activities
$ (8,724,712)
(3,320,428)
(204,155)
(12,249,295)
13,793,328
902,290
952,832
15,648,450
3,399,155
(27,998202)
$ (24,599,047)
!
I
I
I
\
u'...'~;";'.""-~'
This page,has been left blank intentionally.
9
4-10
REDEVELOPMENT AGENCY OF THE CITYOF CHULA VISTA
Balance Sheet
Governmental Fnnds
June 30, 2008
Special Revenne
Debt Serviee
Low and Moderate
Income RDA Housing Bayfron tf
Housing Program T own Centre I
Assets:
Cash and investments $ 1,454,964 $ $ 1,607,255
Taxes receivable ~3.095
Interest receivable 41,660 93 8,967
Loans receivable 16,706,839 1,927,318
Other receivab les
Due from other funds
Due from other City of Chula Vista funds'
Advances to other funds
Land held for resale
Prepaid expenses
Restricted cash and investments:
Held by City of Chula Vista ..... 584Y62 4,010,547
Held by fiscal agent ':~<V 2,O58~333
Total assets $1 '"~~\i~~Q,A33 $ 5,937,958 $ 3,674,555
Liabilities and fnnd balance: y
Liabilities:
Accounts payable and accrued lia~i1ities .' 69,104 $ 15,428 $
Due to other funds 104,439
Advances from other funds 43,695
Deferred revenue 16,424,959 192,078
Total liabilities 16,494,063 311,945 43,695
Fund balance:
Reserved for:
Encum brances 60,000 41,539
Loans receivables 28 I ,880 1,735,240
Low and moderate income housing 4,204,490
Advances
Housing program 3,849,234
Land held for resale
Debt service 3,674,555
Total reserved 4,546,370 5,626,013 3,674,555
Unreserved:
Designated
Undesignated (43,695)
Total unreserved (43,695)
Total fund balances (deficit) 4,546,370 5,626,013 3,630,860
Total liabilities and fund balances $ 21,040,433 $ 5,937,958 $ 3,674,555
See Accompanying Notes to Financial Statements.
] 0
4-11
Debt Service Capital Pro,jeets
Town Centre IT. Town Centre IT
Otay Valley Otay Valley
Southwest Bayfron t! Southwest
Merged Projects Town Centre I . Merged Projects Total
1,014,268 $ 30,443 . $ 4,946,952 $ 9,053,882
53,442 198,940 3]5,477
6,709 242 28,053 . 85,724
18,634~157
246,758 2(6~758
597,957 ~G2 396
'~~~
" 2,085,;,2,74
4,493,789 .~'- 4,493Jg'9~
~.
2,260,925 . 2,260,925 ".
1,816 . 1,816
"'- ,594,709
1,221,847 3 ,2~~NA!~ . '515285
<.? ,
$ 2,242,824 $ 6,838,841 $ 9,255,58]~$_48,990, 192
Y l'
~~ !/
$ $ 3,587,625 $ 5,193,100
,:7 702,396
4,450,094 4,493,789
17,698,071
4,450,094 28,087,356
394,899 656,538
2,017,120
4,204,490
3,616,388 3,616,388
3,849,234
2,260,925 2,260,925
2,242,824 5,917,379
2,242,824 6,037,413 394,899 22,522,074
3,392,846 3,392,846
(4,450,094) (2,194,873) ],676,578 (5,012,084)
(4,450,094) (2,194,873) 5,069,424 (1,619,238)
(2,207,270) 3,842,540 5,464,323 20,902,836
$ 2,242,824 $ 6,838,841 $ 9,255,58 I $ 48,990,192
11
4-12
1'5 been left blank'intentionally.
'ii
"'"
y
"
12
4-13
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Reconciliation of Governmental Funds Balance Sheet.
to the Statement of Net Assets
June 30, 2008
Fund balance for governmental funds
Amounts reported for governmental activities in the Statement of Net Assets are
different because:
Capital assets used in governmental activities are not current resol,lrces.
Therefore. thev were not reported in the Governmental Funds Balance Sheet
- . /"
Nondepreciable capital assets $ 7,530:052
Depreciable capital assets J ,~g6,27
Total capital assets . :. ~.
Deferred revenues which are deferred because they are n'~t3av~bie currently
are taken into revenue in the Statement of Activities and, ac~jngly, increases
the net assets on the Statement of Net Assets. ~
. J
Interest payable on long-tenn debt does not requi~i:c1lrrent'f'nancial resources.
Therefore, interest payable is not re 6. as a liability in Governmental Funds
Balance Sheet
Other long-tenn assets whisJ![-~J'!iliot c<msid~red available to pay for current
expenditures are not rer.orkd in tn~,govem~ei1tal funds.
L J. b.I'. ""d d1 'b"I.'h. . d
ong-term la 1 Itles are no~e ar;,vpaya e In t e current pen a .
they were nor reported in the"Q,q"vernmental Funds Balance Sheet.
tenn liabilities were adjusted as..follows: .
Therefore,
The iong-
Long-tenn liabilities - due within one year
Long-term liabilities - due in more thai: one year
$ (1,420,9iO)
(70,422,593)
$
20,902,836
8,996,323
17,494,509
(615,158)
465,946
(71,843,503) .
(24,599,047)
Net assets (deficit) of governmental activities
$
See Accompanying Notes to Financial Statements.
13
4-14
REDEVELOPlVIENT AGENCY OF THE CITY OF CHULA VISTA
Statement of Rev ennes, Expenditures and Changes in Fund Balaoces
Governmental Funds
For the Year Ended June 30, 2008
Revenues:
Taxes
Use of money and property
Other
Total revenues
Expenditures:
Current:
General government
Capital outlay
Debt service:
Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of reve u
over (under) expenditures
Other financing sources'(7:~~):
Advances from the City of
Chula Vista
Transfers in r
Transfers out
Total other financing sources (uses)
Net change in fund balances
Fund balances (deficit), beginning of year, as restated
Fund balances (deficit), end of year
See Accompanying Notes to Financial Statements.
195,635
(2,377,047) 9,812 112,61 ]
6,923,417 5,616201 3,518,249
d,546,370 $ 5,626,013 $ 3,630,860
Speeial Revenue
Low and Moderate
Income
Housing
RDA Housing
Program
$
2,758,666 $
469,994, A
48,686A{....
8~
3,277:~46 .~ 167,264
,(F Y
32,898
134,366
157,452
%
)"
. .;:; ~.d."" .,
... ,,6) .,,9,
157,452
(2,377,047)
9,812
$
14
4~15
Debt Serviee
Bayfront!
Town Centre I
$
2,003,076
] I 0,111
4,413
2,117,600
8,014
770,900
1,421,710
2,200,624
(83,024)
195,635
Debt Service Capital Projects
Town Centre IT Town Centre IT
Otay Yalley Otay Yalley
Southwest Bayfront/ Southwest
Mer~ed Projects Town Centre I Merged Projects Total
$ ],3] 5,002. $ 2,113,476 $ 5,603,108 $ ] 3,793:328
159,092 75,384 306,138 ]',1]1'53,6] 7
3,251 31,884 760,288 ~82,888
A' ". .
1,4 77,345 2,220,744 6,669,534 15,92.'l;?33
~,,'
I'
2,774 2,671,771 13,574,214.
4,152 ]04,419
469,100 1,240,000
2,016,098 -6~"I!,. 3,437,808
it W
2,487,972 L._ 5,18Q,077 18,356,441
'~y
(1,010,627) ~ ] ,489,457 (2,426,608)
"
234,327 ,1" 429,962
1,492,586 ] ,492,586
(1,492,586) (1,492,586)
1,726,913 (1,492,586) 429,962
716,286 (455,179) (3,]29) (1,996,646)
(2,923,556) 4,297.719 5,467,452 22,899,482
$ (2,207,270) $ 3,842,540 $ 5,464,323 $ 20,902,836
15
4-16
i6
4-17
REDEVELOPMENT AGENCY OF THE CITY OF CHlJLA VISTA.
Reconciliation of the Statement of Rev ennes, Expenditures and Changes in Fnnd Balances of
Governmental FUllds to the Slatement of Activities
For the Year Ended June 30,2008
Net change in fund balances - total governmental funds:
$
(1,996,646)
Amounts reported for governmental activities in the Statement of Activities are
different because:
Deferred revenue does not provide for current financial resources and therefore
are not reported as revenues in the governmental funds.
Gw,~,"., ,~" re""rt ~,IW '"d., ~ ~"'""rure,.A Ie dI,
Statement of Activities the costs of these assets is aIlocated~ver thelr~imated
useful lives and reported as depreciation expense. T
Depreciation
Sale of land
Loss on disposal of assets
4,774,842
Long-term debt proceeds provide current financia[: resources to Governmental
Funds, but issuing debt increases jo~rm liabilities in the Government-Wide
Statement of Net Assets. Repafr;,ent ~ bond pr~ipal is an expenditure in
Governmental Funds, but the r;~'5t~1ifj;}"edU~' long-term liabilities in the
Government- Wide StatementlCif4Net Assets.
.~_., ,.,,, .
. . _~ceeds fro~iong"term debt $ (429,962).
. ICong-term deb,t repayments ] ,240,000
Bo~discourftamortizati6n (24,090)
''''
Amortization of debt issuance ~st is reported iIi the Goyernment-wide Statement
of Activities, but does no require the use of current financial resources.
Therefore, amortization of debt issuance cost is not reported as expenditures in the
government funds.
(281,935)
785,948
(24,524)
Interest expense on long"term debt is reported in the Government-Wide Statement
of Activities, but does not require the. use of current rmancial resources.
Tnerefore, interest expense is not reported as expenditures in governmental funds.
The following 'amount represents the change in accrued interest from prior year,
141,470
Change in net assets of governmental activities
$
3,399,155
See Accompanying Notes to Financial Statements.
17
4-18
-',..~",-;~"""
18
4-19
.....,,:.: c. .'..... -. ;-.,:". '". __..' _ -....;.._.-_.,,__._._:..,:.._~._.c:-'-.~..,..'-'.._..,:..,__._:----'__,_"'_"_''''':'''''"'-~;'<:lJ,:::",,::
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements
June 30, 2008
(1) SUMMARY OF SIGi'!TI'ICANT ACCOUNTING POLICIES
The following is a summary of the significant accounting policies of the Redevelopment Agency of
the City of Chula Vista (Agency):
(a) Reporting Entity
The Agency is a blended component unit of the City of Chula Vista. The City of Chula Vista (City)
City..Council created the Agency in October 1972. The primiID' purpose of the Agency is to
eliminate blighted areas by encouraging the development ofJ~IClential, commer:ial, industrial,
recreational and public facilities. The Bayfront/Town Centr&;~oject encompasses approximately
775 acres and its genera] objective is to redevelop the B'i~fronW1irea and central business district.
The Town Center II/Otay Valley/Southwest Mergeq '-Rede~!,ment Project encompasses
approximately 2,456 acres. Its general goal is to?'revitalize the a~a"'into a principal regional
shopping center and to upgrade the commercial"irruustri~r~sidential'Properties and rights-of-way
at a more rapid pace than would occur without the r~eIopment plan.
~lP~
The Agency is an integral part of the ri\P.orting entity'\l'fjithe City of Chula Vista. The basic
financial statements of the Agency have be'~~~, ')'ithin the basic financial statements of the
City because the City Council of the City oft::htila Vis11fis the governing board over the operations
"",;' ,1 '-' '-'
of the Agency. _ ~ \
(b) Government-Wide Fif!znciaI.Statements'
-~;g~I!~~i:l!l'v .
'lli;;'b,
Th 'd ~fi~-. , '1'iil!J 'b.. (' th . f d h f
e government-wl e;:;. nanCla statements I.e., e statement 0 net assets an t e statement 0
activ~ies) report irlfunnati~~iJ. al I q'~the activities of the Agency, For the most part, the effect of
the interfund acti1titv has been'f'emoved from these statements.
'- ,
Tl f . ".-, d .. th d h' h h d' f . fu .
le statement 0 actlvltlCS. emonstrates e egree to W Ie t: e lreet expens~s 0 a gIven nebao
or segment are offset b~gram revenues. Direct expenses are those that are clearly identifiable
with a specific function 0;. segment. Program revenues include charges for services and grants and
contributions that are restricted to meeting ti-]e operational or capital requirements of a particular
function or segment. Taxes and other items not properly included among program revenues are
reported instead as general revenues.
Separate financial statements are provided for governmental funds. Major individual governmental.
funds are reported as separate columns in the fund financial statements. .
(c) il1easurement Focus, Basis of Accounting, and Financial Statement Presentation
1. Basis of Accounting.
The government-wide financial statements are reported using the economic reSOllrces
measurement focus and the accrual basis of accounting wherein revenues are recorded when
they are both earned and realized, regardless of the timing of the related cash flows. Property
t",,'(es are recognized as revenues in the year ror which they are levied. Grants and similar
]9
4-20
REDEVELOPlVlENT AGENCY-OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
items are recognized as revenues as soon as all eligibility requirements imposed by the
provider have been met. -
Governmental fund statements are reported using the modified accrual basis of accounting
wherein revenues are recognized as soon as they are both measurable and available as a
resource to finance operations of the current year. For this purpose, the government
considers revenues to be available if they are collected within 60 days of the end of the
current fiscal year. Expenditures are recorded when incurred except that interest on long-
term debt is recorded as an expenditure on its due date.
When both restricted and unrestricted resources are avail~r use, it is the City's policy to
use restricted resources first, and then use unrestricted4e~Jrces as needed, .
" ~
" ~G!;.
The financial statements have been prepareO in accordanceii\!with generally accepted
accounting principles and necessarily inc!ude(amou'nts based o~' estimates and assumptions
by management. Actual results could differ fr'(\'''';th~-artlOunts,
The law provides a means for financing re evelqpment projects based upon an a!iocation of
taxes collected within a redevelopment1pfoject. )The assessed valuation of a redevelopment
project last equalized e.ri~~adoption\_of a redevelopment plan or amendment to such.
redevelopment plan, qIiI!lbase r:oll", is estaBlished and, except for any period during which the
assessed valuation d.ropgt~f1p$:ztne~{ year level, the taxing bodies thereafter receive the
taxes produce~~evy"~?e ;:urrent tax rate upo~ the. base roiL, Taxes collected up?n
any mcreas;;,.,m assesse~~aluat~n over the, base roll (..tax Increment' ) are paid and ma~ oe
pledged 9Y.-t\ redeveloplJJent ,agency to the repayment of any mdebtedness mcurreo in
financing or ref111ancing ~~redeveloprnent project. Redevelopment agencies themselves have
th. ''''' T'
no au onty to lejix prop,erty taxes.
V .
Under California law, property taxes are assessed andc.ollected by the counties up to 1 % of
assessed value, plus other increases approved by the voters. The property ta.xes go into a
pool, and are then allocated to the cities based on complex formulas prescribes by state
statues. Accordingly, the City of Chula Vista accrues only those tax.es which are received
within 60 days "-'-"'ter year end.
2. Tax increment revenue
Lien Date:
Levy Date:
Due Date:.
Delinquent Date:
January 1
July 1
November 1 - 1" Installment
March I - 20' Installment
December 10- 1" Installment
April 1 0,.. 20' Installment
20
4-21
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008 .
Taxes are collected by San Diego County and are remitted to the City periodically. Dates and
percentages are as foHows:
December
January
April
May
July
30% Advance
Collection No.1
10% Advance
Collection No.2
Collection No.3
3. Description offunds . . .A
The Agency reports the following major governmen~~s'
Low and Moderate Income Housing Special ~oue Fund I cd. to account for the 20%
portion of the Agency's tax increment re~~ tha~ required1to be set aside for low and
moderate Income housmg and related expendlfu:res~ ...
RDA Housing Program Special Revenue Fund ~$!jto account for specific revenue that is
required to be used for low and mode~~iiico'l;1e houSing and related expenditures.
\?"Iy
BavfrontiTown Centre I Debt Service Fund is used IO account for the payment of interest and
principal on 10ng-te~de5'i,~~~d the aC~l!mulation of resources thereof associated with the
Bayfront and Town pehtre I pfoject AreaS,?'
'~~F ..
Town Centre U/0tav. Vallev/Southwest Merged Proiects Debt Service Fund is used to
account for t'~Daiime'11hof iiltlofest and principal on long-term debt, and the accumulation of
-.oS<' iP.~ 'I'"
resource~..t1j~eof associated with the Town Centre 11, Otay Valley Road, and Southwest
Merged PrOject Areas. ~
~,;.~"; .
BavfrontiTown ~tre{ CaDital Proiects Fund is used to account for the financial resources
used in developing.the Bayfront and Town Centre I Project Areas.
Town Centre II/Otav VallevlSouthwest Merged Proiects CaDita! Proiects Fund is used to
aecount for the financial resources used in developing the Town Centre n, Otay Valley Road,
and Southwest Merged project areas.
(2) STEWARDSHIP, COMPLLA...t'l'CE Ai'i]) ACCOUNTABILITY
(a) Budgetary Accounting
An annual budget is adopted by the Board of Directors prior tD the first day of the fiscal year. The
budget process includes submittal of each department's budget request for the next fiscal year, a
detailed review of each department's proposed budget by the Executive Director,' and a final
Executive Director recommended budget that is transmitted to the Board of Directors for its review
before the required date of adoption. Once transmitted to th, Board of Directors, the proposed
21
4-22
....,.....,..............-'....:...:..'-".=''''''
REDEVELOPMENT AGENCY OF TIlE CITY OF eHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
budget is made available for public mspection. A public hearing is held to give the public the
opportunity to comment upon-the proposed budget Notice of such public hearing is given in a
newspaper of general circulation.
(3)
The adoption of the budget is accomplished by the approval of a Budget Resolution. The level of
budgetary control, that is, the level at which expenditures are not to exceed Council approved
appropiiations, is established by department at the category level. Any .budget modification, which
would result in an appropriation increase, requires Board of Directors: approval. The Executive
Director and Finance Director are jointly authorized to transfer appropriations up to $15,000 within
a deparhnental budget. . Any appropriation transfers between depi\rtments or greater than $15,000
require Board of Directors' approvaL All appropriations whfc\l are not obligated, encumbered or
expended at the end of the fiscal year lapse become a part oMfi'e unreserved fund balance which
may be appropriated for the next fiscal year. /~ ' .
An annual budget for the year ended June 30, 20Q~ was~opted aqd approved by the Board of
Directors for the special revenue and debt se~'f~.gds. These budgets are prepared on the
.modified. accrual basis of accounting except that ~ncumbrances outstanding at year-end are
considered as expenditures. The budgets&9f the capi~lItp~ojects funds are primarily long-term
budgers, which emphasize major program~di1:c"p,ital outlay plans extending over a number of
years. Due to the long-term nature of these \Ioj~~11li[!ual budget comparisons are not considered
meaningful, and, accordingly, no budgetary iii'{rmatioK for capital projects funds is presented.
(b) Deficit Fund Balance Y
The Town Centre IVO~t~I~~~ut we. Merged Projects Debt Service Fund has a deficit fund
balance of$2,207,270':"TllisldeficiFis'expected to be eliminated with future tax revenues.
A'''"" .".
,#~ t,
DETAILED NOTES,ON ALil\'FU1'liDS
. '\~/;r
(a) Cash and 11.vestments
,.1'
Investments held by fiscal agents are owned separately by the Agency, The Agency's cash and
investments not held by fiscal agent are pooied with the City of Chula Vista. The Agency does not
own specifically identifiable securities in the City of Chula Vista Pool. See the City of Chula Vista
City annual report for the year ended June 30, 2008 for additional disclosure on deposits and
investments.
Cash ano investments at June 30, 2008 consisted of the following:
Cash and investments pooled with the City
Restricted:
Cash and investments
Cash and investments with fiscal agent
$ 9,053,882
4,594,709
6,515;285
Total cash and investments
$ 20,163,876
22
4-23.
REDEVELOPMJCNT AGENCY OF THE CITY OF CH1JLA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
The Agency has pooled its cash and investments with t1e City in order to acl1ieve a htgl1er return on
investment. Certain restrict~d. funds, wl1lch ace held and. invested by independent outside
custodians througl1 contractual agreements, are not pooled. These restricted funds include cash with
fiscal agent. . .
Cash and investments as of June 30, 2008 consist of tile following:
Cash pooied with City of Chula Vista
Investments
Total
$
9,053,882
11,109,994
20,163,876
Investments Authorized by the City's Investment P~~,- .
The table below identifies the investment types tha'e aut!J.otized by ,tne ~ity's investment policy.
The table also identifies certain provisions of th{CitY~'i~rrve"stment policy that address interest rate
risk, credit risk, and concentration of credit risk. This1table does not address investments of debt
proceeds held by bond trustee that are goverped by the ~Yisions of debt agreements of the City,
rather than general provision of the City's !""~. ent DOllc''''
lQ'.' .
~,
Authorized Iuvestment'Tiy:pe
~,
Banker's Acceptance ~,
.J? "'iF
Negotiable Cel}ifjcates ofDepo~it .'
Commercial p~pe' !II
State and Local Agency,Bond~Issues
U.S.Treasury Obligatio~
U.S. Agency Securities ~
Repurchase Agreement
Reverse-Repu~chase Agreements
Medium-Term Corporate Notes
Time Certificates of Deposit
Money Market Funds
Local Agency 1nvesonent Fund (LAIF)
1 80 days
5 years
270 days
5 years
5 years
5 years
90 Days
90 Days
5 years
3 years
5 years
NIA
Maximum
Percentage
of Portfolio'
Maximum
Investment
in One Issuer
40%
30%
25%
None
None
None
None
20%
30%
None
15%
None
30%
None
10%
None
None
None
None
None
None
None
None
$ 40 Mill ion **
* Excluding amounts held by bond trustee that are not subject to the California Government Code
restrictions.
** Maximum is $40. million per account.
23
4-24
. :._,~'-~-~:::",~~~
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
Investments Authorized by D.-ht Agreements
Investments of debt proceeds held by bond trustees are governed by provIsions of the debt
agreements, rather than the City's investments policy. The table below identifies the investment
types that are authorized for investments held by bond trustee.
Maximum
Maximum. Percentage
Maturity.. ofPortfolio*
"'-
Non None
lfne None
".l;!one None
None
N.!!>.
.. one
Authorized Investment Type
United States Treasury Obligations
. Federal Home Loan Mortgage Corporation
Farm Credit Banks
Federal Home Loan Banks
Federal National Mortg~ge Association
Student Loan Marketing Association
Financing Corporation
Resolution Funding Corporation
Certificates of Deposit, Time Deposits
and Bankers' Acceptances
Commercial Paper
Money Market Funds
State Obligations
~ ,f'
Municipal Obligations
Repurchase Ai~nients
1 ""'...
nvestment Agreements
"i"*, f
Local Agency Investme~nd (LAIF)
},
Disclosure Relating to Interest Rate Risk
ne
None
None
None
None
None
None
Noile
None
None
None
None
None
None
None
None
None
None
Maximum
Investment
in One Issuer
None
None
None
None
None
None
None
None
None
None
None
. None
None
None
None
None
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value
of an' investment. Generally, the long the maturity of an investment, the greater the sensitivity of its
fair value to changes in market interest rates. One of the ways that City manages its exposure to
interest rate risk is by purchasing a combination of shorter term and longer term !nvestments arid by ,
timing cash flows from maturities so that a portion of the portfolio is maturing or coming Close- to
maturity evenly over tlme as necessary to provide the casb flow and liquidity needed for operations.
The City monitors the interest rate risk inherent in its portfolio by measuring the weighted average
maturity of its portfolio. The City bas no specific limitations with respect to this metric.
24
4-25
. - "-'-' .,-..... __c. . ._.___...__._ ._.,.._,,_,,_: ,,~-'-_'._.'___=
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008.
Authorized Investment
Type
Investment in City Pool
.Held by fiscal agent:
Money Market Funds
Amount
Remaining
Maturity
(in months)
less than 6 months
$ 9,053,882
11,109,994
$ 20,163,876
less than 12 months
Disclosure Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment wi\~!lot fulfill its obligation to the
holder of the investment. This is measured by the assi~ent of a rati~g,by a nationally recognized
statistical rating. organization. Presented bel~w~ th~inimumjirating required by (where
applicable) the California Government Code, the Ci~~nvestment policy, or debt agreements, and
the actual rating as of year end for cash and investmen~fune.
- . '"~~ ~
y
Minimum
Legal Rating
Authorized Investment
Type
Rating as of
Year End
Not Rated
Investment in City Pool N/A $ 9,053,882
Held by fiscal agent:
Money Market Funds N/A 11, I 09,994
"'''4;
$ 20,163,876
Concentration of Cr~1~ Risk
The investment policy ~f~ity contains limitations on the amount tbat can be invested in any
one issuer beyond that ~ipulated by the California Government Code. At June 30, 2008, the
Agency has no investments in anyone issuer (other than U.S Treasury securities, mutual funds, and
'external investment pools) that represent 5% or more oftatal Agency iuvestlllents.
Custodial Credit Risk
Custodial c"idit risk for deposits is the risk that, in the event of the failure of a depository financial'
institution, a government will not be able to recover. its deposit or will not. be able to recover
collateral securities that are in the possession of an outside party. The custodial credit risk for
investments is the risk tl1at, in the event of the failure of the counterparty (e.g., broker-dealer) to a
transaction, a government will not be able to recover the value of its investments of collateral
securities that are in possession of another party. The California Government Code and the City's
investments policy does not contain legal or policy requirements that would limit the exposure to
custodial credit risk for deposits or investments, other tl1an the following provision for deposits:
The California Government Code requires that a financial institution secure deposits made by state
or local governmental units by pledging securities in an undivided collateral pool. half by a
25
4-26
REDEVELOPMENT AGEt'lCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
depository regulated under state law (unless so waived by the government unit). The market value
of the pledged securities in the collateral pool must equal at least 110% of the total amount
deposited by the public agencies. California law also allows financial initiations to secure City
deposits by pledging first trust deed mortgages notes having a value of 150% for the secured public
deposits.
(b) Land Heldfor Resale
Land heid for resale is recorded in the Bayfront/Town Centre I Capital Projects Fund at the lower of
cost or estimated realizable value. The available fund balance is,reserved in an amount equal to the
carrying value of land held for resale because such assets ar\'li1'bt available to finance the Agency's
,41' ~1lli:0k.. .
current operations. The. amount recorded as land held..aforr Ie and the corresponding fund
balance reserved as of June 30, 2007 was $2,260,925. "
South Bay Community Services
Heritage (South Bav Corrununity Villas, L.P,:'")
Chula Vista Rehabilitation",,~Hr?\ans \/ ..
Park VIllage Ap~,rtments{c~ ~,o'Housmg CorporatIon)
Rancho Buena V ISla Housmg'(@helsea'lnvestment CorporatlOn)
. ,_",,;0,~0' ~
Mobde Home A~~lstance('~,gram,\\ilt3'" .
St Regis Park.CChelsea InveI;tment!CorporatIon)
Main Plaza Oft~~I Devel~pme~t Inc.)
Los Vecinos (Wakeland Housing and Redevelopment Corporation)
Total 'Y
(c) Loans Receivable
r
At June 30, 2008, the Agency had the following loans te.ceivable, including principal and accrued
interest
$
1,114,269
5,265,710
1,927,318
225,928
1,102,658
55,952
2,054,879
1,657,479
5,229,964
18,634,157
$
South Bay Community Services
The Agency entered into. a loan agreement with South Bay Community Services, a California non-
profit public benefit corporation, The loan amount of $478,200 was made to enable South Bay
Community Services to develop a 40-unit affordable multi-family housing rental project to provide'
housing to low [DeOme families. The note is secured by a deed of trust on certarn property and
assignments of rents. lnterest accrues annually at 3% of the unpaid principal balance of the note.
lnterest of$116,643 has been deferred at June 30, 2008. The outstanding balance is $594,843.
The Agency entered into a loan ~orp"""""p.nt: with South Bay Community Services for the acquisition
of property . . for a domestic violence shelter site, other transitional
living programs or housing for very low income families.. The loan is secured by a deed of trust
and a promissory note for the properties on behalf of the Agency. Repayment of the loan is limited
to annual payment based on residua! reeeipts. Interest of $21,139 has been deferred at June 30,
2008. TIle outstanding balance is $57,934.
26
4-27
REDEVELOPMENT AGENCY OF THE .CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
The Agency entered into a $300,000 loan agreement with South Bay Community Services for the
acquisition of a real property at 746 Ada Street, and improving it with a multi-family residential
project consisting of 11 units: These units, called the Trolley Trestle, will provide affordable
housing for low income young adults who have completed the County of San Diego Foster Care
program. The loan is secured by a Deed of Trust and Security Agreement and will accrue 3%
interest. Payment of principal arid interest will be made from 50% of residual receipts for 55 year;.
Interest of $88,492 has been deferred at June 30, 2008. The outstanding balance is $461,492.
Heritage (South Bay Commimity Villas, LP.)
The Agency entel'ed into a ioan agreement with South Bay;jlGemmunity Villas, L.P. for the
development of the Heritage Town Center multi-family rent~fU)using project. Agency assistance is
in the fonn of residual receipt loan secured by a promissoryfnotEll1:nddeed of trust. The outstanding
principal and interest on the loan will be repaid over fi!!y, five ye1f~3}1d shall accrue interest at 3%
per annum, Payment of principal and interest on tbe.etg'e~y loan sh1Tllbe.tnade on an annual basis,
. ."~. *:iY
out of a fund equal to fifty percent of the net c~.h~!Iow of~!J~e project.(residual receipts) after debt
service on bonds, payment of deferred developers fee~and reasonable operating expense have been
p~id. _ ~nterest of $865,7\0 has been deferred at J~.3 ~O, 2008. The outstanding balance is
$),26),110. '\r'
Clllila Vista Rehabilitation CHIP Loans
The Chula Vista Rehabilitation#.G()mmunitv Rousing Improvement Program (CHIP) is under the
.... ~ '" 'to -' . ""
direct control of the Agency"CHIP offers defem.,d' and low interest rate home improvement loans to
qualified borrowers residiif~ithirili.as~:target""area. Loan repeyments are re-deposited into the
.~~:~". ""',!i;",.,.,:,;;,' .
program cash accounts .and are reaistributeo as future loans. The program was originally funded
entirely with RDA Ho'1ifi~funds~I)trecent years, the Agency began supplementing the program
due to decreasedi~ailabiIity~iFedci1il grams. InteresI of $192,078 was. deferred as of June 30,
2008. The outs"Ji]'lding balance~jbftbe CHIP loans are $1,927,318.
~~ fit
Park Village APartn;e'f!ts.,j(ijli~ Center Barrio Housing Corporation)
In 1991, the Agency entered. into a loan agreement with the Civic Center Barrio Housing
Corporation, a California non-profit public benefit corporation. The Joan was made for the
purchase of land and the development of a 28-unit low income housing project. During 1992, the
loan was assigned to Park Village Apartments Ltd., a California limited partnership in which Civic
Center Barrio Housing Corporation is the managing general parmer. The loan is secured by a deed
of trust on the property and assignment of rents. Principal and interest are payable monthly.
Interest accrues annually at 5% of the unpaid principal balance of the note. The outstanding
balance is $225,928,
Rancho Buena Vista Housing (Chelsea Investment Corporationj
The Agency has loaned $1,000,000 to CIC Eastlake, L.P. for the development and operation of
Rancho Vista Housing project, a multifamily affordable housing project. The loan is secured by
promissory notes and deeds of trust. The outstanding principal al1d interest amount of the loan shall
be repaid over fifty-five (55) years and shall accrue at the simple interest rate of three (3%) percent
27
4-28
.. .,-..-...-..--.-....-.., .;...., ._-_....~P,,--""'...-
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (COIitinned)
June 30, 2008
per annum. Payment of principal and interest, or portions thereof, on the loan shall be made on an
annual basis, out of a fund equal to fifty (50%) percent of the net cash flow of the project. Interest
of$102,658 has been deferred at June 30, 2008. The outstanding balance is $1,102,658.
11;[obile Home Assistance Program
The Agency entered'into agreements with eligible residents of the Orange Tree Mobile Home Park,
whereby the Agency loaned $250,030 as permanent financing assistance to residents for the
purpose of purchasing certain mobile home property: The loans are secured by deeds of trust on the
property and mature in 2017 or when the property is sold. Co'1itingent interest will be charged
based on calculations specified in the agreement. The outstandf g balance is $55,952:
. (/
St, Regis Park (Chelsealnvestment Corporation). ^ '\
The Agency entered into a residual receiptsA'loan. agreemen ,with Chelsea Investment
Corporation/Sun bow Services Company, LLC f9~,- dev~~pment of1he proposed 132 unit Viila
Serena senior affordable housing project. The iO'\!j,'i!;,aJnount of $275,000 was funded by the
Agency's Low and Moderate Income Housing Fund. Te~s of the loan will be for 52 years.at6%
per annum. Principal and interest paymerilsJ'1fiJ~ be made~'\lah annual basis out of a fund equal to
90% of the "Residual Receipts. This loan v71/s". Pr8.ig'in fu. II in!'fiscal year 2008. .
\ ~ ..
. -~r~
The Agency entered into a loan agreement wiili Chelsea lnvestment Corporation for the acquisition
and rehabUitation of the 1!9,U'llitliF,ear Tree~p.-artments at 1025 Broadway. All units will be
affordable to low income h6lrsehoidi!' The loa'ftis secured by a deed of trust and will accrue 6%
interest for 52 years. Pay~eiiii~.#Th'Cipi(I'Jan'd interest shall be made on an annual basis out of a
fund equal to 90% ofcthe'res.idual'fec.eipts. Interest of$667,727 has been deferred atJune 30, 2008.
$_..,.........~~~ "'I'tm:\-
The outstanding barance i5$2,054.87,9',""'-
AE~. ''1i'lI' ,..
hi. l.w.,it /.
, *-N- '~
Main Plaza (Alplz"itIJII Development Inc)
'<;j~~,i8
The Agency entered in~'lot agreement with Main Plaza, LP (Borrower) to assist the borrower in
constructing real properff for occupation by very low, lower and low and moderate income.
bouseholds. The total loan amount is $1,500,000. The loan bears an interest rate of 3% per annum.
The loan shall be due and payable on the date that is 55 years from the date of the Agency's
issuance of the Certificate of Completion. lmerest of $157,479 was deferred as of June 30, 2008.
The outstanding balance is $1,657,479.
Los Vecinos .(Wakeland Housing and Development Corporation)
The Agency entered into a loan agreement with Wakeland Housing and Development Corporation
to assist the borrower in constructing 41 affordable multi family apartment units for occupancy by
extremely low, very low and lower income households. The loan was funded by the Agency's Low
and Ivloderate Income Housing Fund. The loan bears ari. interest rate of 5% per annum. Principal
and interest payments will be made on an annual basis out of a fund equal to 500/0 of the '~Residual
Receipts" for years 1-30, 75% of the "Residual Receipts" for years 31-54, until 55 years from the
date the lmprovement are Placed. in Service, at which time all principal and unpaid interest shall be
due and payable. Interest of $97,964 has been deferred at Jun e30, 2008. The outstanding balance
as of June 30, 2008 is $5,229,964.
28
4-29
.....,.............. ........... ..........-.-.
..:.;...:.:.:::.;2j:~'2~.
REDKVELOPMENT AGENCY OF THE CITY OF CHTJLA VISTA
Notes to Financial Statements (Continued).
June 30, 2008
(d) Intrafund Receivables, Payables and Transfers
The purpose of interfund transactions is to make short-term and long-term interfund loans from one
fund to another. Due to/from amounts are short-term financing, the advances are for long-term
financing.
Due to/From Other Funds:
Due To/From Other Funds'
Special Revenue Fund:
Low and Moderate Income Housing
RDA Housing Program
Capital Projects Funds:
Town Center IT Otay Valley Southwest Merged Project
Bayfront Town Center I
--:~"
These interfund loans are to pr6"iO~''for negative cash balances at year-end and operating cash flow.
Long-term Advances:
As of June 30, 200S"'~were as' ollows:
c' '7'
Advances From
Advances to
Capital Project
Fund
Bayfront/
Town Center I .
Debt Service Funds:
Bayfront/Town Center I
. Town C~nter 11 Otay Valley Southwest Merged Projects
$
43,695
4,450,094
Total
$
4,493,789
The Bayfront Town Centre 1 Capital Projects Fund advanced funds to other debt service funds for
operating purposes. The terms of the advances are indefinite. The balance was $4,493,789 at
June 30, 200S.
29
4-30
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
Interfund Transfers
Transfers for the year ended June 30, 2008 were as follows:
Transfer In
Debt Service Fund:
Town Center II Otay Valley Southwest Merged Projects $ 1,492,586 $
Capital Projects Fund:
Town Center II Otay Valley Southwest Merged Projects "'-. 1,492,586
~'1'492'586 $ '1,492,586
Town Center II Otav Vallev Southwest Menred Proieet'Fund - ~'ingthedebt service PJnd for
repayment of various long-term obligation amou~te1r ~,586. ,JP
(e) Capital Assets
~l\'! '
Changes en capital assets during the year enq):;a1(fu~2008 were as follows:
\/;f~'#'
,~'" Balal!ce '
L""-l!!llJUh 1,2007 Additions Deletions
Capital assets oot being depreciat'ed: ,~,.
Land $ ~"7;560, 1 08 $ $ (30,056)
Transfer Out
Balance
June 30, 2008
$ 7,530,052
2,608,126
12,000
(221,908)
2,386,218
12,000
Total capital assets
being depreciated.
2,620,126
(221,908)
2,398,218
Less: accumulated
depreciation
(901,976)
(47,724)
17,753
(931,947)
Total capital assets
being depreciated, net
1,718,150
(47,724)
(204,155)
1,466,271
Total capital assets
$ 9,278,258 $
(47,724) $ (234,211) $
8,996,323
Depreciation expense of $47,724 was charged to general government.
30
4-31
. ...,..__..;,,_:_,_-:':~;,.;;;;O.:,,'::ili
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
(f) Long-Term Debt
The following is a summary of changes in long-term liabilities for the year ended June 30, 2008:.
Balance. Balance Due Within
July 1, 200i Additions Deletions June 30, 2008 One Year
ERAF Loan. 2005 $ 645,000 $ $ iO,OOO $ 575,000 $ 70,000
ER.A.F Loan - 2006 870,000 80,000 790,000 80,000
Bond discount (48 1 ,i94) (24;090) (457,704) (24,090)
Advances from the City
or Chula Vista 30,321,.:245 429,962 30,751,207
Tax AJiocation Bonds 41,275,000 40,185.000 i,295,000
Total $ 72,629,451 $ 429,962/' $ 71 ,843,503 $ 1,420,910
ERAF Loan - 2005
. ~n..... .
In May 2005, the Agency participated in a $,z65mOO~.oan i\'greement with the California Statewide
Communities Development Authority to fimt[!ce ~iri'2005 share of ERAF Payments to the County
Auditor. Interest is payable semi,;..annually 6n;lfebrua; I and August 1 at interest rates ranging
from 3.87% to 5.01%. The annu1'i!"d~bt servic6'tis:
';t:, '
Princi pal Interest Total
2009 y 98,704
' 70,000 $ 28,704 $
20iO 75,000 25,570 100,570
2011 80,000 22,] ]8 102,1 ]8
2012 80,000 18,354 98,354.
2013 85,000 14,526 99,526
20] 4-20 15 185,000 16,236 201,236
Total $ 575,000 $ 125,508 $ 700,508
31
4-32
REDEVELOP~IENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
EMF Loan - 2006
Tn May 2006, the Agency partiCipated in a $930,000 Loan Agreement with the California Statewide
Communities Development Authority to finance their 2006 share of ERAF Payments to the County
Auditor. Interest is payable semi-annually on February ] and August 1 at interest rates ranging
from 5.28% to 5.67%. The annual debt service is: .
Year Ending
June 30, Principal Interest
2009 $ 80,000 $
2010 85,000
2011 90,000
2012 95,000
2013 100,000
20]4-2016 340,000
Total $
Total
$ 124,972
125,632
125,996
.126,052
125,784
382,262
$ 1,010,698
Advancesfrom the City OfC.I.l/;!la~~.,t.a , ..
At',~. .
As of June 30, 2008, the Ci~i;S J~gv.a!l~~th~ Agency $30,751,207 to help fund capital projects
and debt service paym\,nts, 1'b'ere ~no set repayment terms in relation to these advances.
Payments will be ~ad~a~~nc~~l.::nt.revenues are available for repayment of the loans. Interest
is calculated base.d"'-.on the L!i'tl!\;.,ave;,r~ annual vield at the time tbe advance is made.
~ 'Jil'~ -
2000 Ta.x AllocatioilfB~nds ,
~>
In October 2000, the Ag"ncy issued $17,000,0002000 Ta.x Allocation Bonds, to provide funds to
fund a reserve account, to pay the expenses of the Agency in" connection with the issuance of the .
bonds and to finance or refinance certain redevelopment activities. The proceeds of the bonds were
used to fund the acquisition and construction of certain capital improvements which are located in
the Agency's Town Centre 1 Project Area, The bonds consist of $9,535,000 serial bonds which
mature from 2001 to 2030 in amounts ranging from $100,000 to $715,000 and term bonds of
$1,440,000 and $6,025,000 which mature in 2022 and 2029, respectively. lnterest is payabie semi,.
annually on March 1 and September 1 at interest rates ranging from 4.30% to 5.375%. The bonds
are subject to optional redemption on any interest payment date on or after September 1, 2004, at
various redemption prices. The baiance outstanding at June 30, 2008 was.$15,110,000.
32
4-33
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
The annual debt service requirements for the 2000 Tax Allocation Bonds outstanding at June 30,
2008 were as follows:
425,000 $ 769,760
440,000 750,943
460,000 730,913
480,000 702~'
~'i<
505,000 A686~6] 5
2,720,000 '3,04~sl!t
3 340 000 .A."~'~'71 ~8-
. 4:335:000 L~. .~.:;~~:~4~
2,405,000 """"",Fi78, 04 7
15,dolOjJD_ $ ~392,998
\
2006 Sellior Tax Allocation Refu!!:ding Bon as.; Series 71
~~ \ .
In July 2006, the Agency i~~d $n;il35,000 290b Senior Tax Allocation Refunding Bonds, Series
A to refinance the AgencY'sioutsrtnili!!g"BayfrontITown Centre Redevelopment Project 1994
Senior Tax Allocation,,,Refund~Bonds, -S~ries A, and to satisfY the reserve requirement for the
Bonds and provid~,f~he"*St,>, of1~uing the Bonds. The original bond proceeds were used in the
acquisition of p.rqperty, derri6J:~tion)telocation, public improvements and funding the Low and
Moderate 1ncom"'tliHousing Project. The bond consist of serial bonds which marure in 2028.
Interest is payable ~n:iiannuaMy on J\tlarch i and September l at interest rates ranging from 4.00%
to 4.60%. The bonds ~)~6ject to optional redemption on any interest payment date on or after
September I, 2012, at viffious redemption prices, The bonds are.payable soiely from certain tax
increment revenues of the Agency and other funds held under the indenture. The 1994 Sewer Tax.
Allocation Refunding Bonds, Series A were paid in full by 2006 debt issuance. The balance
outstanding at June 30, 2008 was $13,040,000.
Year Ending
June 30,
Principal
Interest
2009
2010
2011
2012
2013
2014-20] 8
2019-2023
2024-2028
2029-2031
$
Total
$
33
4-:34
Total
$
1,194,760
1,190,943
1,190,913
1,189,523
1,191,615
5,762,564
5,6] 1,585
5,588,048
, 2,583,047
$
25,502,998
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Finaneial Statements (Continued)
June 30, 2008
The annual debt service requirements for the 2006 Tax Allocation Bonds outstanding at June 30,
2008 were as follows:
Year Ending
June 30, Principal Interest Total
2009 $ 460,000 $ 556,345 $ l,016,345
2010 480,000 537,545 1,017,545
2011 500,000 517,945 1,017,945
-
2012 520,000 497,54'5 1,017,545
2013 540,000 <.1r4,9.95 1,014,995
2014-2018 3,075,000 1,99i!~1~2 5,067,312
2019-2023 3,775,000 C:', 1,270,13 5,045,137
2024-2028 3,690,000 )... 372,670 4,062,670
Total $ 13,040,000 6,219,494 $ 19,259,494
Y
,
2006 Subordinate Tax Allocation Refunding,Bollds, Series B
,~. '\. .
In July 2006, the AgencYi~tied $ll~500,000 2006 Subordinate Tax Allocation Refunding Bonds,
Series B to refinance the .(gen~~s...das;t~~g~Bayfront!Town Centre Redevelopment Project 1994
Senior Tax Allocation,B,efunding'fBonds, Series C and D, and to satisfy the reserve requu-ement for
the Bonds and proXid~faf"f~J,?os~~fl!ssuing the Bonds. The original bond proceeds were used in
the acquisition of/property, derrlOlitid'n, relocation, public improvements and funding the Low and
Moderate Inco~Housing Pr1[j'ect. The bonds consist of $7,995,000 serial bonds which mature
from 2007 to 2021~,!mounts~ranging from $290,000 to $735,000 and term bonds of $4,330,000
which mature in 2028.'filnJ:~.~t is payable semiannually on April I and October 1 at interest rates
ranging from 4.00% to )i:00%. The bonds are subject to optional redemption on any interest
payment date. on or afrer October I, 2012, at various redemption prices. The bonds are payable
solely from certain tax increment revenues of the Agency and other funds held under the indenture.
The 1994 Subordinate Tax Allocation Refunding Bonds, Series C aI,d the Senior Ta.x Allocation
Refunding Bonds, Series D were paid in full by 2006 debt issuance. The balance outsta~ding at
June 30,2008 was $12,035,000.
34
4-35
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Notes to Financial Statements (Continued)
Juue 30, 2008 .
The annual debt service requiJ:ernents for the 2006 Subordinate Tax Allocation Refunding Bonds,
Series B outstanding at June 30, 2008 were as follows:
Year Ending
June 30, Principal In terest Total
2009 $ 410,000 $ 586,165' $ 996,165
2010 425,000 569,199 994,199
20] 1 440,000 !p00" 991,084
55,1;084
2012 460,000 $)jji",,- 991,384
",53mj3 84
d;? ~t~
2013 480,000 '%P 5 10 ?,~' 990,234
'~ ,-;)
2014--2018 2,755,000 83,05 Ll,938,056
2019-2023 3,5 10,000 ':1,404,119 4,914,119
. 2024-2028 3,555,000' ,,"413,306 3,968,306
;;,,,
Total $ 12,03'$1()()JJ.& $ 8,547 $ 18,783,547
'j:h
!{A :1tGtt~Fkt*~"
. ~ ~ -~
(g) Restatement vfNet Assets/Fund Balaric:dS Y
, ~ltW}~m~~~, .~%
During the fiscal year 200.. A~~ncy reco~ed the following prior period adjustments to Net
Assets and Fund Balance: ' ,
,,,,!:+'iifu;4!~~tYfTI~, ,
Fund Balance Ri>!;~ateme.nt.
<< "'0'08)"
GovemrnemafT<\'ctivities - L5~ and Moderate Income Housing Fund
~~~h ,~;
Fund balances as of'il'ulle 30'; 2007
"'00?:,,&iJ'
as previously reported' $ ] 6,204,394
,
Total reclassification of loans to
outside entities
(9,280,977)
Fund balance as of June 30, 2007, as restated
$ 6,923,417
Net assets restatement:
Governmental activities
Net assets as of June 30, 2007,
as previously reported
The Chula Vista Housing Authority no
longer reported as RDA fund
Net assets as ofJune 30,.2007, as restated
$ 27,913,2!3
8{989
$ 27,998,202
35
4-36
REDEVELOPMENT AGENCY OF THE CITY OF CHVLA VISTA
Notes to Financial Statements (Continued)
June 30, 2008
(It) Commitments and Contingencies
The General Fund of the City has loaned approximately $6] 9,173 to the Agency for unreimbursed
services rendered by City staff. It is anticipated that the Agency will repay this loan from tax
increment revenues. Currently, tax increment revenues are used to pay for related debt service
expenditures and possible future debt issuance. As a result, the Agency is uncertain if the amount
will be repaid to the City's General Fund. Accordingly, this contingent payable has not been
reported in accompanying basic financial statements. The Agency will record the contingent
payable when payment is assured.
(i) Subsequent Events
The State Legislature passed AB 1389, which becam" e. ec I eptember 30, 2008. The bi1l
includes a requirement for a payment to the Educationi1:rRevenue A entation Fund (ERAF) by
-",...- ....0."'0
each redevelopment agency by May 1 0, 2009 e California R,e<levelopment Association's
estimate of the Agency's payment is $859,952.
. On June 3, 2008, a resolution was approve~f,my,!he City Cou,'j!cil authorizing to refund the 2000 Tax
Allocation Bonds (Merged Redevelopment~J>roJe~),j~order to take advantage of the prevailing
market conditions and realize interest rate savings'0"i\arbr restructure debt service for cash t10w
purposes. The Redevelopment ,~g"ncy of ~" City 'issued the 2008 Tax Allocation Refunding
.",~1,:;1:;..,....:~:~ ,...
Bonds (Merged RedevelopmentPi'i;lject) on JJjJy l, 2008 in the amount or $21,625,000. The
Droceeds of the 2008 Bonds~ere uS'ed (i) to p~y or repay costs of redevelopment activity of the
lvlerged Redevelopment ProJ~a~"Gii)1:;t6':rr'efu]jd all or a portion of the Refunded Bonds; (iii) to
reimburse costs of C~pi!#!kr"J,~tirig'~<;LGertain certificates of participation of the City, (iv) to repay
certain loans made,Sby the'Git,y to ll'ie'~Agency, (v) to establish a reserve account for such 2008
Bonds; and (vi)d,g',nay a portiCfI1 of the costs of issuing such 2008 Bonds. The bonds consist of
$11.570,000 seriai"5bnds ;"'hicW!'mature from 2014 to 2028 in amounts ranging from $575,000 to
$1,020,000 and tem;ll[bonds ,Sf $3,345,000 and $6,710,000 which mature G-. 2031 and 2036,
respectively. Interest nr~B!'Y~ble semiannually in March and September at interest rates ranging
from 4.5% to 4.75%. The'bonds are subject to optional redemption on any interest payment date on
or after September 1, 2018 at redemption price equal to lhe principal amount of the Bonds to be
redeemed, without premium, together with accrued interest thereon to the date fixed for
redemption.
36
4-37
REQUffiED SUPPLEM'E;NTARY,' NFORMA.TION
37
4-38
REDEVELOPMENT AGENCY OF THE CITY OF CRULA VISTA
Low and Moderate Income Housing Special Revenue Fund
Budgetary Comparison Schedule
For the Year Ended June 30, 2008
Variance
Original . Final Positive
Budget Budget Actual (Negative)
Revenues:
Taxes $ 2,575,428 $ 2,575,428 $ 2,758,666 $ 183,238
Use of money and property 100,71 ] 100,711 511,597 410,886
Other 7,083 7,083
r
Total revenues 2,676,139 ~,6%,139 3,277,346 60 I ,207
Expenditures: (
Current: ~)
General government 1,190,7'04' . ~"'6:800,959 5,7]2,661 1 ,088,298
Excess (deficiency) of revenues ~ ~~
~ .~:,
..".:~- 'j.
over (under) expenditures ];!}85;4:lS""",.(4,124,820) (2,435,315) 1,689,505
'It ..#' "7
V-
Other financing sources (uses): \
Transfers to the City of Chula Vista (1~733) (1,733) (1,733)
l,d83,702 (4,126,553) (2,437,048) 1,689,505
6,923,418 6,923,418 6,923,418
Fund balance, end of year
(budgetary basis) $ 8,407,120 $ 2,796,865 4,486,370 $ 1,689,505
Encumbrances outstanding at year end 60,000
Fund balance, end of year
(GAAP basis) $ 4,546,370
See Accompanying Note to Required Supplementary Information.
38
4-39
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Redevelopment Agency Housing Program Special Revenoe Fuod
Budgetary Comparisou Schedule
For the Year Ended June 30, 2008
Total revenues
Original! Variance
Final Positive
Budget Actual (Negative)
$ $ 32,898 32,898
,J 34,366 134,366
167,264 167,264
./1k
(,0J3:t:;~
\1'Y
^43;~~2,3,3 3 &~St, 198,991 124,347
"
(31,727) 291,6] ]
Revenues:
Use of money and property
Other
Expenditures:
Current:
General government
Other financing sources (uses):
Transfers from the City ofChula
Excess (deficiency) of revenues
over (under) expenditures
Fund balance,
Fund balance, end of year
(budgetary basis)
Encumbrances outstanding at year end
41,539
Fund balance, end of year
(GAAP basis)
$ 5,626,013
See Accompanying Note to Required Supplementary Information.
39
4-40
This page has been Jei't"b Ian
i[
\~/
40
4-41
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
Note to Required Supplementary Information
For the Year Ended June 30,2008
(1) BVDGETS AA"D BUDGETARY ACCOlJNTING
An annual budget is adopted by the Board of Directors prior to the first day oftne fiscal year. The
budget process includes submittal of eacn department's budget request for the next fiscal year, a
detailed review of each department's proposed budget by the Executive Director, and a final
Executive Director recommended budget that is transmitted to the Board of Directors for its review
before the required date of adoption. Once transmitted to the Board of Directors, the proposed
budget is made available for public inspection. A pub[jc hearing is heJd to give the public the
opportunity to comment upon the proposed budget Notice of such pub I ic hearing is given in a
newspaper of general circulation. .
The adoption of the budget is accomplished by the appro, 0 udget Resolution. The level of
budgetary controi, that is, the level at which expenclitu{6, are n~r~() exceed Council approved
appropriations, is established by department at the cat~gory level. AdY:lpudget modification, which
would result in an appropriation increase, requir-€~il?oarcj!iof Directofs approval. The Executive
Director and Finance Director are jointly authorized f~~J:!;il';'sfer appropriations up to $15,000 within
a departmental budget. Any appropriation transfers betW"in gepartments or greater than $15,000
require Board of Directors approval. "'y
Reported budget figures are as originally l;;dop 00 r subsequently amended plus prior year
continuing appropriations, AllJ!Ppr9priations~~hich are not obligated, encumbered or expended at
the end of the fiscal year ,l(pse be\:Ome a p~'of the unreserved fund balance which may be
. /"^.;:",~, y
appropnated for the next frscitll '
An annual budgetJof:'tH~41~~~. en ne 30, 2008 was adopted and approved by the Board of
DIrectors for the~specral revenue debt servIce funds. These budgets are prepared on the
modified accrri1il~~;!i~is of at'9!:Oimting except that ~ncumbrances outstanding at year-end are
considered as expenditures. The budgets of the capital projects funds are primarily long-term
budgets, which emph~iie, rri~3or orograms and capital outlay plans extending over a number of
~i2&?" .
years. Because. of the lDng-terrn nature of these projects, annual budget comparisons are not
considered meaningful, ~rid, accordingly, no budgetary information for capital projects funds is
presented.
41
4-42
~1~1~~ f
This page has been 1<;(t'blank'intentionallY.
,'?~
42
4-43
':J
"\h
'jk~f'
4'
.J
4-44
REDEv'ELOPMENT AGENCY OF THE CITY OF CHULA VISTA
BayfrontfIown Centre I Debt Service Fund
Budgetary Comparison Schedule
For the Year Ended June 30, 2008
Variance
Final Positive
Bud2et Actnal (Negative)
Revenues:
Taxes $ 2,005,545 $ 2,003,076 $ (2,469)
Use ofrnoney and property 1lO,11 I ] 10,111
Other 4,413 4,413
Total revenues 112,055
Expenditures:
Current:
General government ],986
Debt sen;ice:
Principal 770,900
Interest and fiscal charges 1,421,710 1,884
Total expenditures 2,200,624 3,870
Excess (deficiency) of revenue
over (under) expenditure (198,949) (83,024) 115,925
,rf"
Other financing sources \!!~es :
Advances from the
City of Chula Vista 195,635 195,635
Net change in fund balance (198,949) 112,611 311,560
Fund balance, beginning of year 3,518,249 3,5 I 8,249
Fund balance, end of year $ 3,319,300 $ 3,630,860 $ 311,560
"-4
4-45
REDEVELOPMENT AGENCY OF THE CITY OF muLA VISTA
Town Centre n Otay Valley Sonthwest Merged Projects Debt Service Fnnd
Bndgetary Comparison Schednle
For the Year Ended June 30, 2008
45
4-46
46
4-47
The Board of Directors of the
City of Chula Vista Redevelopment Agency
Independent Auditor's Report on Iuterna1 Control Over Financial Reporting and on
Compliance (Including the Provisions Contained in the G"uia'illines for Compliance
Audits of Redevelopment Agencies) and Other MatJ:!i~;Eased on an Audit of
Financial Statements Performed in Accordance with Government Auditing Standards
014 "%-" ..q>+T",
1;;;:0,~ ~1;,
We have audited the financial statements .of the govergrfiental activities,'I'iJ,.d' each major fund of the
Redevelopment Agency (Agency) of the City of Chula;Vf~a a c9fuponent unit of the City of Chu1a Vista,
"'C.",__ ,.j
California as of and for the year ended June 30, 2008, wfii'i!;,;,collectively comprise the Agency's basic
financial statements, as listed in the table o~ contents, aniJJl::have issued our report thereon dated
, 20_, We conducted our '~~~i\,Jn accord,te with auditing standards generally
accepted in the United States of America and tli" stan.1i'ards~app1icable to financial audits contained in
lr;. J.^ ""~,7/ry
Government Auditing Standards, issued by the Comp,tfbller !3imeral of the United States.
. f"0Fj}~ijj~_, '~L
Internal Control Over Financial ReQortin0i;1 \r'
'}=""4~~~, ,;~1Um81fiit;TI0::#/~ . .
In p1annlng and performing,Allt aliai~,; we cohsideredthe Agency's internal control over financial
reporting as a basis for _ ~es{gfi1ii;~gBr aual-u,gg procedures for the purpose of expressing our opinions on
the fmancial stateme)1t~, but not fo.~:;the pUrpose of expressing an opinion on the effectiveness of the
Agency's internal cbnff6hover finarl"6ial reporting. Accordingly, we .do not express an opinion on the
effectiveness of the Age~;;Y~- 'ntern~r control over financial reporting.
-~~'
A control deficiency exists w en the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A significant deficiency ;s a control deficiency, or a combination of
control deficiencies, that adversely affects the Agency's ability to initiate, authorize, record, process, or
report financial data reliably in accordance with generally accepted accounting prineiples such that there
is more than a remote likelihood that a misstatement of the Agency's financial statements that is more
than inconsequential will not be prevented or detected by the Agency's internal control. .
A material weakness is a significant deficiency, or combination of significant deficiencies, that results in
more than a remote likelihood that a materia] misstatement of the financial statements will not be
prevented or detectea by the Agency's internal control.
Our consideration of ,nternal control over financial reporting was for the limited purpose described en the
first paragraph of this section and would not necessarily identify all deficiencies in internal control that
might be significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses, as definea above.
47
4-48
Compliance and Other Matters
As part of obtaining reasonable assurance about wbether the basic financial statements of the Agency are
free of material misstatement, we performed tests of its compliance with certain provisions of laws,
reguiations, contracts and grant agreements, noncompliance with which could have a direct and material
effect on the determination of financial statement amounts. Such provisions include those provisions of
laws and regulations identified in the Guidelines for Compliance Audits of California Redeve]onment
Agencies issued by the State Controller's Office, Division of Accounting and Reporting. However,
providing an opinion on compliance with those provisions was not an objective of our audit and,
accordingly, we do not express such an opinion. The results of our tests disclosed no instances of
noncompliance or other matters that are required to be reported under Government Auditing: Standards,
We noted other control deficiencies that we reported to management of the City of Chula Vista in a
separate letter dated relating to both the City and the Agency.
This renort is intended for the information of the Board of Directo
City of Chuia Vista Redevelopment Agency and the State Conroller
and Reporting and is not intended to be and should not be"llsed by
parties.
agement and others within the
ffice, Division of Accounting
other than these specified
Certified Public Accountants
Newport Beach, California
(Date; Auditor's Report Date)
48
4-49
The Board of Directors of the
City of Chula Vista Redevelopment Agency
Independent Auditor's Report on Internal Control Over Financial Reporting and on
Compliance (Including the ProvisioDs Contained in the GD1a~lines for Compliance
Audits of Redevelopment Agencies) and Other Matte~Based on an Audit of
Financial Statements Performed in Accordance with ~veriil\t<;;nt Auditing Standards
. ;,,-' '\i!1~di.
'/t;>,. ..-
W' d' d h fi . I . . f th . 1 ... %~ 0 h . fu' f h
e nave au lte t e manC13 statements -0 e governmentat acbvltles,'~ eac major 1 nc 0 t e
Redevelopment Agency (Agency) of the City ofChulaN~ a c,ofuponent milt of the City ofChula Vista,
California as of and for the year ended June 30, 2008, wni~li'col1ectively comprise the Agency's basic
financIal statements, as listed in the table of contents, ~~al:mave issued our report thereon dated
?O W d d ~.l" d""-'.th d" d d all
. _ _~ e con ucte our 'au~~~ccor ;nee Wl au Itmg stan ar s geoer y
accepted in the United States of America and th"#: sta~aar~pplicable to financial audits contained in
Government Auditin2' Standards, issued by the CoJ\ptfoller General of the United States.
Internal Control Over Financial ~~ll'ii]li~~\. .
In planning and perforr.n~~~h~;::.e cofuidered the Agency's internal control over fInancial
reportmg as a basiS for deslgnlTIg~ur auoltmg procedures for the purpose of expressmg our opmlOns on
the financial statem".1t.~;_ but not fdQ1he ~rpose of expressing an opinion on the effectiveness of the
Agency's internal c6ntrtll~g,ver fina~fial reporting. Accordingly, we do not express an opinion on the
effectiveness of the AgenCY;V1 control over financial reporting, .
A control deficiency exists when the design or operation of a control does not allow management or
employees, in the normal course of performing theIr assigned functions, to prevent or detect
misstatements on a timely basis. A significant deficiency is a control deficiency, or a combination of
control deficiencie?, that adversely affects the Agency~s ability to initiate, authorize, record~ process, or
report financial data reliably in accordance with generally accepted acc,ollnting principles suc.h that there
is more than a remote likelihood that a misstatement of the Agency's financial statements that is more
than inconsequential wiil not be prevented or detected by the Agency's internal control.
A material weakness is a significant deficiency, or combination of significant deficiencies, that results in
more than a remote likelihood that a material misstatement of the financial statements will not be
prevented or detected by the Agency's internal control.
Our consideration of'iuternal control over financial reporting was for the limited purpose described in the
first paragraph of this section and would not necessarily identify all deficiencies in internal control that
might be significant deficiencies or material weaknesses. We did not identify any deficiencies in internal
control over financial reporting that we consider to be material weaknesses., as defined above.
47
4-50
Comoiiance and Other Matters
As part of obtaining reasonable assurance about whether the basic financial statements of the Agency are
free of material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts and grant agreements, noncompliance with which could have a direct and material
effect on the determination of financial statement amounts. Such provisions include those provisions of
laws and regulations identified in tfie Guidelines for Comoliance Audits of California Redevelooment
Agencies issued by the State Controller's Office, Division of Accounting and Reporting. However,
providing an opinion on compliance with those provisions was not an objective of our audit and,
accordingly, we do hot express such an opinion. The results of our tests disclosed no instances of
noncomplianee or other matters that are required to be reported under Government Auditing Standards.
We noted other control deficiencies that we reported to management of. the City of Chula Vista in a
separate letter dated . relating to both the City and the Agensy.
This report ;s intended for the information of the Board o. f Direct.o~. an~agement and others within the
City of Chula Vista Redevelopment Agency and the State Co4folleRs~ce, Division of Accounting
and Reporting and is not intended to be and should not be,i'lised by anyone other than these specified
& 'liim,>&,
parties. . - y
Certified Public Accountants
Newport Beach, California
(Date: Auditor's Report Date)
48
4-51
ATTACHMENT 2
.:i
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'iGeiiaraC 'jnforma.t!8~
,"i,
Fiscal Year
WI enl-bers<onJieG'o~errdng j30dy
Las(Name
.p.
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CJ1
N
Chalrr~rson ; [Cox
Member" lRamirez
Member ~astaneda
Meniber [RInd one
Meri'ibet IMccann
MeHri'ber I
Meroher I
Member I
Mel11ber I
Member I
MailingAdr1r'ess
2006
'First_~~m.e
I [Cheryl
IIRudy
Ilsteve
I [Jerry
IIJOhn
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II
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II
I [
Middle
Inlfial -'
10
10
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street 1 [276 Fourth Avenue J
Street 2 L I
City ICl1uJa Visla State ~ZiP [91910- I
Phone [(619) 691-5051 ~ Is Address Changed?
A~.~,ry~.tqffj,,~~,a._,l,~ '
tastName''',:
Executive;Dlrecto,r' _.IGarcia
Fi~'~'~i':6ffi~~i:' IKachadoorian
Sacreta!y, ICrockelt
. ~~P'~~!~.r~l:la~~~::,~Y
p,jr!n_::,~~jne..
l"flangeo
[Donna
D
1276 Fourth Avenue
let.lUla Vista
leA I
191910- I
1(619) 409-5916 I
~rrst...,;:
Midd'le':lriitial-
Street
City-
State:
,z,!i?::,~p-~e
Phoils'
General ,Information
Flrsl;Name
Middle
Initial
Phone
1(619) 691-5031 1
1(619) 691-5051 .-J
1(619) 476-5341 J
I
1
Page';1'-
"I
[David I ~
IMarla I E:J
IErlc ID
Independent Auditor
[MaCiaS Glnl & O'Connell
IMolina
IEdld
c=J
11201 Dove Street, Suite 680
]Newport Beach
~
[ 92660-
[(949) 221-0025
12/24/2008
I!:
i;,
I
',.,-...........,..'.._........-.".........'......-........................'..,.
'-', ..:.::"~bh 1_~;je.rne~~_:,I~~?rm'a t1on/(~~"~~~ IJ~,~):'
Fiscal Year
2008
Indicate Only Tbose Achievements Completed During the Fiscal Yeal' of this Report a3 a Direct Result
of the Activltles of the Redevelopment Agency.
Please provide a description of the agency's
activities/accornpllshmonts during the past
. yoaL
(Please be specific, as (his information will
be the basis for possIble Inclusion in the
publication.)
.p.
I
CJl
c..>
During ttle fiscal year ended June 30, 2008, the Chula Vista Hedevelopment
Corporation (CVRC) continued to take foundational actions to facilitate
deveJopment activities within Ihe CIty's Redevelopment Project Areas and to
Improve upon the redevelopment process and r;rucedures, The CVRC Board of
Directors held workshops to discuss organizational matters about the CVRC,
Including roles and responsibilities, structure and processes, and Interacllon
between the Bourd of Directors and staff, the Redevelopment Agency budget,
opportunities within the H Street Corridor, and revitalization of the western part of
Ihe City. Additionally, the Board met with the 9.member Redevelopment Advisory
Committee to further discuss the redevelopment process, the GVRC's and RAG's
roles and responsibiJlties within the process, and opportunities for the CVRC and
RAe to collaboratively promote and enhance public involvement in the
redevelopment process.
To provido additional resources and savings to the Agency, the Agency refunded
the 2000 Tax Allocalion Bonds (TAB) for the Merged Chula Vista Redevelopment
Project Area. The refunding allowed the Agency to issue bonds to (1) refund all or
a part of Ihe 2000 Bonds, (2) 10 repay $3,732,000 to the General Fund, (3) to fund
$800,000 of street improvements and (4) to provide cashflow savings in the next
five years.
Unfortunately, in lhe past year Chula Vista's and Ihe nation's economIc conditions
worsened. During this reporting perIod, the Agency reviewed and/or approved
projects and executed severa] ENAs. Given lhe current credit crisis and low
consumer confidence, the Agency is currently experienclng a slow down arid in
:Achie.~~,~ci.ni',I.~fo~.~'ii6't1_:;((jiia.~dltBd)
Square Footage Compteted
Enter the amount of square
footage completed this year by
buildi\1.g type and segregated by
llew or rehabilitated constructioll.
New
Construction,
Rehabilitated
Commercial Buildings I
Induslrial Buildings I
Public Buildings I
Other Buildings I
Total Square Footage L
Enter the Number of Jobs Created I
from the Ar;tlvltles of tile Agency
I.
I
1-
I--
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I
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o I
.9.1
Types Completed
A=Ulititles B=Recreation C=Landscaping D=Sewerf Storm E=Streets/ Roads
F=Busffransit
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'.12124/200"8 .
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"'\'iIf'/!Irll!"~\Y1!i!lil:'i'1;f~~~l!l",W;lili!,i~{'~~'~imWi:~,f~!f!'j!i1lal.~~"'-"',;ilf'f:wf!Jj""-'!l'~WI'''iF!fli?''\\''~t' "m;';,wrnim!l:,lljl''''"~llI'''''-_," ~'1!il\*~"~1i,Wi!ll!''''''I.J",.,,~,~Wl~~!'"'l1:l\'lt~1m1i''"~Il. ~~m;".~~m~"r.l~
Wi\"J ,9,' 3f';~"~"il,'\,'HJ,;,"~\,,~~h dl,H(!&H~!,1i .,'w#:~?$)m~fi,~-!i ",;;EI7\lt;i-,l;rj;~elt l\:!:l.' i{c', "I" '.i' ,} " \1, ' " '. " " ;,' ': l\f\,n",,;~t';tj'):t~ ,~F}.'Wk.1'l..'ff%fr'~ ,O\'f<'!<,;t~ffl!' ,.Wi-", :,:l<~,\!r~~'W3(!I~";(:\1imj,
.L..,.~_~.(, 'MJ.:o;,,'~J.'~ "(i<;\;",lJi,,,,,,,,, It. 'i~,,,(~,,,.I,,,,.J,,~&.l,"',,'l!jhl\f~\~l;~ 'W;~~,~.".I~"""""-,"_,,,'iAJ::.",-' ".~" 'c_...wa,:,." J!"~'_ P..>i _,,, _ . ~V;.(t, .QRm.Q.JJ _ ".. e:J\UiiY.\~~\\l'\I.Jilj.;;,oi,,$: ..,~:,m:;.ij,V;\~' lW",RlIl-l",,).~i}..-i-;,..;, ,'~11Wil.l.l\m..1;.,.\. lil:"",,,~<It.
.. .Actlievementlni()imatlon!Un? ~..iliiedf
..-....
some circumsta.nces a halt In development acllvlty.
In the RByfront project area, a joint San Diego Port Authority and.the City Bayfmnt
master planning effort is underway to help facililate development of the largest
parcels of undeveloped walorfront property in California. III order to Increase tile
econoll1jr. development potential for tile land SOUlll of H Stmet adjacenlto the
Marina In tile 13ayfront Redevelopment Project Area,-the Agency had previously
entered into a series of agreements with the Pori of San Diego and 8F Goodrich
to relocate and consolidate the campus of one of the City's largest employers. In
accordance with the tenns of Ihe relocation agreement, tile Agency transferred
ownership of the Rados property to BFG.
;"
:~
In Towll Center I,'the Agency enlered inlo two Exclusive NegoUallng Agreements
for properties, currently owned by the Agency and used as !"uhlic parking, within
tha Third Avenue Village, tlie historic downtown of Chula Vista.
~~
-I>
I
(J1
-I>
The Agency continued Jls efforts to provide efficient public parking for patrons and
employees within the Third Avenue Village. Parking is considered an integral part
of the CUy's efforls 10 improve the vlabJJjly of downtown Chula Vista. The Agency
completed the Downtown Parking Management Study and approved an interim
action plan. In tho next coming year, staffwlll prepare a managemonl plan for the
downtown parking dIstrIct.
"
j~
:~
,tn Town Center II, Ihe Agency entered into an Exclusive Negotlatlng Agreoment
with a developer to look at the former City corporation yard ("Corp Yard") localed
al 707 F Street. adjacent to the E Slrest Trolley Station. Ttla Agency and the
developer have an existing ENA for two motel sites located ImmedIately north of
the Corp Yard on the southwest corner of E Streel and Woodlawn Avenue ("E &
Woodlawn ENA").
Ii
,
"
6~
The Agency also began discussions with the Sweetwater Authority ("Authority") to
potentially relocate tile Authority's admJnlstratlve operations to tho new
commercial-office spaco that would be provided within tile proposed developrnent.
1'.
]n Southwest, on January 2008, tho Cily along with community partners embarked
upon 'a community-building lnlllatlve In Southwest Chula Vista. Tile hope Is that
the Soutbwest United in Action initiative will creale networks of stakeholders that
build new partnerships, creato understanding of communily priorities, and aHract
and leverage resources to take action. AdditlonaJly, through Ihe Clly of Chula
'Vista's stewardship oftha process, Southwest United in Action is striVing to
V
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"-,-",,,".',:":-,--", ....' ","':""'-, .
Achlevem'eiit:lnforTi,1alloii~(0naui:the'd)'
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~:'w::;ir!i:;r~;'tJ[(I~~~i?ih\ti~(~5':t';1]f;;r;;:(r7~~t1i\:~'#1!4tkfl!i':2;'1;W!J!\;~f'i~1#l<,)~],!jW!1~!'ilt~.tli~~@fK~t!I-j~;I\'f'~fi!llfr,!'f;i~WfI".riljj.'~-n;ll~l(\'-l.Vifff"'I..,\~~~~1;~lj@rJ$!(~jf!^\~~r:i~\'<i:~~~1;:)tU~t~fr:-i1YiI(it,}1rJ'I[;W-~'J1~Wmlf~(i~r~~lit'{f;~~~lif!Lt,)\~,};{~'f1&7'%~~W'liill'iWiW~~1[y::~]
th;i{,l!i!li~t;U~1~~fil't~W.:iJ!1,:,~~ili2iJ~i1-:t~.~~M~~~~7~S!lvJl,*-:,tY', lU',. .at\\'v~ti'; fJJ.u'ng.H.~.'l~. .Q'P..mF.i'.g~,~~iPJ1.>;~~~lrml~~~'if.~t~uwfullf~~tJMWh~~\\1~J~~~
:.;
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provide Ilew opportunities for the community 10 have a stronger voice in local civic
life in ways that are relevant and culturally-sensitive to the community. This
process aims to idGntify and support those opportunitles, as woll as the
commllnity's priorities for improvement lnitiativ85 and 11m appropriate partners
from all sectors of the community.
'!.'
On the development front, no activity was completed. Several projects were
approved:
- Small warehouse/office building on the northwest corner of Stella Street and the
Palomar Street.
- Development of a mlxed~use project which includes 154 units and 5-10,OOOsf of
retail space at 765-795 Palomar.
,>
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-I'>
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In Otay Valley Rood, Ecology Auto Parts, Inc., tlle largest auto dIsmantling and
recycling business in San Diego County, was granted and extension of its existing
Special Use Permit to MarcIl 31, 2020 ror Ihe continued operation of its business
81850 Energy Wa~.
f'
:'~
"
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In the Added Area, the Agency entered into an Excluslvo Negotiating Agreement
with a developer for the development of several properties located in the City's E
Street Visitor Transit Focus Area ("TFA"). The proposed ENA propertios consist
of two existing hotel/motel siles that comprIse localod immediately adjacent \0 the
i E Street Trolley Station.
Square Footage Completed - Direc! Result of Aclivilies of the Redevolopmenl
Agency
, Commercial 0 sq feet
, Industrial 0 sq feot
I Public 0 sq feel
.Q!D~LBu1l9LI29~_9._!I_g1~~L..
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ActlJsvemellllllformalion..(Unaudited) .
1ZIZ4IZ00B.:
"
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"
. .:::Audiffnfo"rm'cition'.::"
Fiscal Year
200B
Was the Heport Prepared from Audited Financial Data,
and Old You Submit a Copy of the Audit?
Indicate Financial Audit Opinion
If Financial Audit Is nol yet Completed, What is the
Expected Completion Dato?
If Um Audit Opinion was Other than Unqualified, Stato
Briefly the Resson GIven
-t>
I
U1
en
Was a Compliance Audit Performed in Accordance with
Health and Safety Code Section 33080.1 and the State
Controllor's Guidelines for Compliance Audlls, and Did
You Submit a Copy of the Audit?
Indicate Compliance Audit Opinion
If Compllance Audit Is not yet Completed, Wllel is Ille
Expected ComplelJon Date?
Ye'l
Unqualified J
Yes]
[Unqualified
If compliance opinion Includes exceptions,
state the areas of non-compliance, and
describe the agency's effOlls to correel:
t.:
.:.
;:
Audlllnformation
::.;~ag~_:.1_-:..'.':"
12/24/2008
Ef;:"Z-';;lf;:~iN~!i~'!fW~j:jl1tF!;fA~i~1!tjj',~;~1fi;1)r{t~~':'itt%W'~"~iW.(ilfQA'ij!~'~~!PQ~!:l'i:f""S~\I(f;m:+I-!;'~tyf,\iiI~;;:U\~t-i.i\~:;i\'(gl-!W~W;~:~\l'I!!ll@1)!~i!iI$V~;'~;r~~r;.:~E0B~~J.\l!!\iii~~?~~J;t%imfZ\:li~'t;~f(!H&~]~~I,fii,!1tl.t~',:!;!tY,liri~;ijii%SliW
W(i~~flJ.~~t.;~mt.gw~*~iibZt~~~iit1~iJfy&,:_"a~~.l~t!l.i~~.~~-l~fu...\g.\!g,,~,.~;"2RJn@J.ts'~~9\~llWjk~i~fJb~~~~~,~~~.t.~t~_~wt\{Q
FiscalYear ,,-2008
Please Provide a Brief Description of
Ille Activities for this Project Area
During the Reporting Year.
:'!;?~i.~.~t[@vrB'~~H:(U:1
.p-
I
(}1
-.J
In the Baylronl projccl area, a joint
San Diego Port Authority and the
Cily Bayfront .master ptanrling effort
Is underway to help facilitate
development of the largest parcels
of undeveloped waterfront property
In California. In order to increase
\llB economic development potential
for Ihe land SOllth of H SlIeet
adjacent to the Marina in the
Bayfront Hedevelopment Project
Area, the Agency 11ad previously
entered inlo a series of agreements
with the Pori of San Diego and SF
Goodricll 10 relocale and consolidate
tho campus of one of the City's
largest employers. In accordance
with the terms of tile relocation
agleement, tile Agency transferred
ownership of the Rados property to
8FG.
The Agency entered into two
Exclusive Negotiating Agreements
for proporties, currently owned by
the Agency and used as public
parkIng, within the Third Avenue
Village, the historic downtown of
Chula VistCl.
!'
. '. ., '.. .,."
.. .".... .
.. .
p,bjeci'ii.ieaName .'
,
i':
Forwarded from Prior Year?
Enter Code for Type of Project Area Hepart
P = Standard Project Area Report
L;:: Low and Moderate Income Housing Fund
o ;:: Other Miscellaneous Funds or Programs
Does the Plan Include Tax Increment Provisions?
A::: Administrative Fund
M;:: Mortgage Revenue Bond Program
S ;:: Proposed (SuNey) Project Araa
c=
I
I
I
I
I
Yesl
7/1/10741
7/ZB'2~
No[
4/22/19881
~
Date Project Alea was Established
(MM-DD-YY)
Most Recent Dat,e Project Area was Amended
Old this Amendment Add Now Tenilory?
Most Recenl Dale Project Area was Merged
Will this Project Area be Carried FOlward to Next Year?
EstalJlIsllod Time limit:
Repayment of IrHJebledness (Year Only)
Effectiveness of Plan (Year Only)
New Indeblednes5 (Yellr Only)
Size of PlOjecl Area in ACles
ParcontClye of Land Vacalll at the Inception of the Project Area
Health and Safoty Code Section 33320.1 (xx.x%)
Percentage of Land Developed at tlle Inception of the Project Area
J-lealllJ and Safety Gode Section 33320.1 (xx.x%)
Objectives of 1118 Project Area as Set Forth, In Ihe Project Area Plan
(Enlar the Appropriate Cude(s) in Sequsflc,? as SIJOwn)
R ::= Residential I ::='[ndustrl<J1 C = Commercial P = Public 0::= Other
20391
20291
20291
1,1741
3.01
97.01
Rlcpol
Project Area Report
....'Page'f
12/24/2008
i"~i{:'::W~!XPLi'1!~11i~J.m~&r~?\~p;))Nflw;Wli]~~lif(r{.\1~;~frIMti'1i[~'~Jl~\~W~~'~~;t'~~j":;f&t'!"::'!.1Wif!j~i:4~1j)~YI"rolj\'i'\;ill:i~:~'~'}t';lYI~\m:~)i\it'~<l!;'~ll@ill'i'~'t'WlW~;(~}W~t!B~l'&i1tt\~i~,tllT~~~N~'l"\i~WW~J!Zll~~M\\T~~YW~it'~,~:~~Ji~')!fil1
~~i~t~'lJ.\%'~\\~w\~tpb~4!lk~j1~i~~&*%Ji~i{j'l.,2~ubt~w("l;~,W,!:i$~*,:'J~~' :,lM. f..blV.J~);f.!,i~;~~J~~d~~J~'~~.A~~.J~~~_9@".~~Yk~m.\lili~~~UilW&~\&Ji2&i't1i1i2Miw~~dti~~1~nii~,~t\l~~jl
Please Provide a Brief DescrIption of
the Activities for this Project Area
During tllB Repurting Year.
.po
I
Cf1
(X)
In Town Center H, the Agency
entered into an Exclusive
Negotiating Agreement witl1 a
developer to look at the former City
corporation yard ("Corp Yard")
located at 707 F Street, adjacontto
the E Street Ttolley Slatlon_ The
Agency and the developer have an
existing ENA fur two molel sites 0
located immediately north of tho
Corp Yard on the southwest corner
of E Street and Woodlawn Avenue
("Eo& Woodlawn ENA").
The Agency also began discussions
with the Sweetwater Authority
("Authority") to potentially relocate
tile AUlhorlty's administrative
operations to Il1e new commorcial-
office space {Jlal would be provided
withIn the proposed development.
In Southwest, on January 200B, the
City along with community partners
embarked upon a communj(y-
building In!tlatlve in Southwest Chule ~
: VJsta. The hope is that the .
Southwest United in Action initiative
will create nelworks of stakeholders
Center.II,otay Valley, Southwest
Project Areas
Forwarded from Prim Year?
Enter Code for Type of Project Area Hepmt
P = Standard Prqject Area RepOlt
L = Low and Moderate Income Housing fund
0;;;: Other Miscellaneous Funds or Programs
Does the Plan Include Tax Increment Provisions?
A = Administrative Fund
M = MOIlgage Revenue Bond Program
S = Proposed (Survey) Project Area
1
1
[
1
r---
[
Yesl
8/13/1978]
7/25/20061
No]
1211120001
Yesl
Date Project Area was Established
(MM-DD.YY)
Most Recent Date Project Alea was Amended
Did this Amendmont Add New Territory?
Most Recent Date Project AlBa was Merged
WlIItllis Project Area be Carried Fo/ward to Next Year?
Established Time limtt:
Repayment of Indebtedness (Year Only)
Effectiveness of Plan (Year OnIY~
New Indebtedness (Year Only)
Size of Project ~rea in Acres
Percentage of Land Vacant atllle Inception of the Project Area
Health and Safety Code Section 33320.1 (xx.x%)
Porcentage of Land Developed allhe IncepHol1 of the Project Area
Health and Safely Code Section 33320.1 (xxox%)
Objectives of the Project Area as Set Forth illlhe Project Area Plan
(Enter It/e Appmpriate Coders) in Sequence as Shown)
R = Residential I = Industrial C::: CornmerdaJ p::: Public 0 = Other
204sj
2034]
20341
2,4561
72.01
28.01
Rlerol
ProiodArea:'~'~port
.. .'..,12/24/2008
m. ',\.i~~~l~~~. ~...~~~~tr~-%"'-i\i'f!'''J,~1~'Th~;w'f.~ti'J!~/1~'!1H'i!' lli:'J!'J:,{1X}~~jJ~J'f,'f~'~~"1,~!:VH)"m\~-,vP~mliil!:W'\~~~~~n!~Jl~~~Nf~!t~';"~~;;llieW~JJm"<I~~
'" '~!ll\\.~, "~I .';r~J,,~.i.,i@i';'f<,v' 1'<'\"'i,'1,'1Ii "~ ~'\" h~\:.r",' ~~" ') " ' ",; " . %~mth'--ljN~""\~.i~f.;"",)','~,}';'fi;;J:"l~~\,~~,'~~1\j ',1I._,_
"i!<1.ifI..,(,,,,ti,,,,,,,,. ""~"~,,,~,,,.."liJj,,,,,w,";lil:lfMJ!;)' ,,,....,UIllelilil,3.m ,.iR:!!t! ..1{,r;:.IQwnlil,!llij!!\g~.tl, y",f. ,~,.,I"~"",\",~,_il.".l"",,".,,,.:jjI,
Fiscal Year
2000
Project Area Name
-\"own Cenler I/Bayfronl Projecl Area
Incremont Assessed Valuation
I 252.585,488 ]
1.._.~~T2'J.4-.1~1.
I 59U,299,6561
Frozen Bi;lse Assessed Valualion
Total Assessed Valuatlon
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CD
'Assci:J~e':d'::.~~-IG ~tlo:n; b~:t"h'~.,~:::;:. - :.
1'\'i'1';('1''l'l?fi!.,'''~t;~~P'itW'tfi~\\!ij:l''~W~j~!jtrFft.'J!;'\'';1;r;'\{\~~WIJ;t'\'i':lil~E:\I~'&tfi~~~i':t',~;~i~t.\imi&l':l~iY~(;JJf;~~~(f~:~i('i";i'~~~1E'~~1~!dii\?"iiil.t:t~!~Jr!"~'WI.I!il~I;1l!!1'~:;ft~w~{f!i~}))\11IJ~l)~'\"\\'IIr'~'~m':ji;1'~~~\:"I!!IW'l.rr)~
~~illf~~:~'M~~~iJlM#'illli~~1~!'!;yJJ~~,,1rm]m~;j~R1~~tt~]jJ.~Hi'~iMJ].~en~wt'R~~1tlJktt~4lliif~q~~~~1~~l4*4'J$i~
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Fiscal Year
2008
:';
Project Area Name
Town Center II, Otay Valley, Southwest Merged
PlOjer.1 Areas
~'-
~:
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FroLen Base Assessed Valuation
702,901,8531
....__830,8.7.9,.D.??J
1,523,780,8751
n
,'.
Increment Assessed Valuation
Total Assessed Valuation
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.,....'....-...".,".,'--.
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"
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Fiscal Year
12008
Fn Center IIBayfront Project Area
Ta.x Increment Pass Throuyh Detail
Otller Payments
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Project Area Name
Amounts Paid To Taxing
Agencies PUlsuant To:
County I
CllIes 1
School Dislricts I
-Po Community Collage District I
I
en I
~ Special Districts
Total Paid to Taxing I
Agencies
Net Amount to Agency
Gross Tax Increment
Genoraled
t-I & S Code
Section 33401
H & S Code
Soctian 33676
H & 5 Code
Section 33607
Total
H&SCode
SectIon 33445
H & S Code
SacUon 33445.5
.'
it\
77,644 _.'.___$7I&11._
54,313 ...__...._.J.Q.421~._
140,760 L___J119J~LI
14,900 L_.___t14,9Q9. I
ft u:;0J;'?'li' {~~;I'lr" \ 'y
7 ,464 ~ _"_"__._~"__._~ ,46..L-~W,,-l{f;fr.~& ~~1)i\ :;;;;W~
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){b,"1\~Wk; l(!\i,k~l'1. ft? ,:Y4S>";1~~,'r~L___J~~Q?2,426 ~
5,147,727
;:;
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Pass-Through"/. School, District Assistance
-12/24/2008
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Fiscal Year
Project Area Name
Amounts Paid To Taxing
Ayencies Pursuant To:
County
Cities
School DIstricts
-'"
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N
Community College District
Special Districts
Total Paid to Taxing
Agencies
Net Amount to Agency
Gross TuX Increment
Generated
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. ,.-.,:'Pass::.rhro'llg'!l::rSch o?1 !.D.I~'tflc~ :;~ss!s~a.ri c~<
.:. ",P,'"--.'"",''' ..:. ".,.....". ...:.'......",..-.-........__",,: ,;,.."...,.-.'_,.....' ,." '-'....--'-'."..i,.,__,..~:..__..' " ",_.',,_. ,,,,,....,,,... ;,;",,.
fl
12008
:-:!
,"
,..;
Town Centor II, Otay Valley, Southwost Merged Project Aroas
w
Tax Irll;rement Pass Through Detail
Other Payments
H & S Code
Section 33401
H & S Code
Section 33676
H &5 Cudo
Section 33607
Total
H & S Code
Suclion 33445
H & S Code
Section 33445,5
i~'-
ri
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630,802
_n_ E~.Q,-~.1E_ _ ' ;~\~11 &f,~"'W~. lJI1'<~ P~IY~ l~";q,;;'i;f\~::;!\r}~~~
149,514
1
1
I
1
t-
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!::
105,g87 _ ___ .__.11g9_!~!!r....
280,820 L._.__.~9_8.1,~_.J
29,57~J ....,__.i:J!l.Q,?67._J
705,03'1 1
70,6921
37,U641
.~.1 ,.413.,.?9.?..I.__.__.___._._~.o.__1
18,767 $55!831 ~~~}\f--.n~<I.~f'~f~ ~~! "'i~~tWot~,~;., !~r~1~
J5~'i&?~._L__gQ?~J;;LI-_.~{).L.$0 I
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8,645,603
,:-,
,:, "-.if:~~~: -l'\%'i~f~/
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12124/2008
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!'j7)i:'1'.1j1",!/:IiWli';l;W;j~!"'lf'),'t')'I';";ii'.;r'i.v"~,,,\'::lj1l'1WiJi~'i<lri~::j'r!\W'~'',j;'Jmi0'n'\\~'~(~''I''j'jU!'';;!i'riff~g\"i'y:-"""""~~(,";'ij,l.\T"am"~'V)!Jj""~:8.'IfI:~(t'(\"fiffl\;lPmi'W'!(IrA~IJ;J\1.\'l~-("Wj'W{~iJ'ii?l1"~"\lNr1(~l)!Viilllf\j";'"II!tP.rill~~W'~""WL~',uJ\l'.i~1'i!!l!1'';1~\':'lI~''-'
.;1tg,:;..,~j;",' ::~:'i~1~~~it~\i;~'j1,~1d~NfY~;.I: I'YI(r!I-,\"~(iiNj,','~,\'C'lMI"ttryt/.iflfHJ'il'~,, "'rf;'; ~~; , ~, , e " h'l"'"' ~ ':,' ,'i'tJI'l;ti !g':,-''\ri'(iT'C' 7\f,~~;,>!,I~~':t~w;,':\fi:li,,:~t'i;'~,',:_,~.'~j~i.)\~~lg~~ij'Xifr,ik,f
......" ,....".,",.".~..~~."""""..";w;.--. Y"_=~'>lI...'itt~; ~Y.-...~J/1M , ",," ""'_'. _l;H.lli ..~.."". .IM. .M. ......_ ,~,'.~~<...' .)'4:...._", ..,.,,'~\UI,.\.... ,.0;.._. '"n... ,,~\ ......"""""'''''''"''tl
t~lli~~i:~lm"~1~~~~mWR;14;;:-1;~~I'rlt1iW~~~Jr.~t1j~i;l':i'lF;ig!~)j~l!1l~1ff-?:\l;"<1M~~t.tr~lt(lJl!,~ii2!~I1(i~~It.1i;"fRNttl1W~~~dl~~JI"~'R"\ - '>, 'i~:t\1\1;~l';'!1~~~f1~~!~t~
W~.i'i"I\ J'>!l!>"<'*~' .';",;,l ~S;im",:w\lj',. , ,e"",eve0 . In. '~.' en JeS\I~";,Jruan la M!H]i;t'.- ag,~,to' :)~;.Q . . ' I 'jtv;IIJi'~t\'~'.1'{m.- t11,"":'ti4:;'Yic,,) '0\r,:~\,I~!;!
1.')\R\t,-,!,~:Lt:1ml"II,;\~1\?,.l!~11f",~~)j!j\;~:'~il!oi'I+,~f!:,,~ifNt>lj;il\,,:(!,;.;~,~,$:ij:,ej!1N"i,,~~nh11,~;ttl~iD"'Y!i~~"f"'l.\'M6""'\"'\11f,~'I)~t~1:ll;~Ntl,,rl)J~,;:rf<~\~\,'j~i;",-lil)",~;\Y~\,:"J\"":i'~I"l\",..-,'~';',\,,,~~.\.:0l"'~\~lll~.rt~:'\~:A"}jJ'iJJj.\',i)}\]WI\~i~,'3!~;),~!;~,lil
"",~" ".",~"",,,>l; "I'~'. .,-,r."., ",""',,,..,,,,,,,,.~ ......"',~~"'.,,''''. .~,.,"'1"" ,....,,"'*~,_'I1'1i""'._'~h:iT:J;' "'~"''''. ,jj;>,,,,". ,..,,,,..,.., ,,,,,jl';, ,"J""" h""''''.(1!I,;,~~.. ....''''''...,.."h'''' m;, ''''.. ,;;t~~'"\<i'!i>I",.,,.::Ii,,"~"., ''''....''''M~ ""'" .,~"'""~
c.
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SummarY.of the'Statement oUndebtedness - f>roject'Area~ : :'c'"
_ ,,, ,- , , ", - _ _,_, .~" _ "..~, ,- ~'" . ;'.- -,,-1.,,:,..;<:-....;- ';,.. ".-,,,,-. ._0',:"
2008
,,:
..:-,;.::......
Fiscal Year
Project Area Name
j;'
Total
I
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I
I
I
I
t_~llOc9_6_5,fl33_
I 4,328,269\
t_Y6,6~!,3(l~..i
36,784,5151
I
992,210 I
5,21 B, 1 80 I
16,197,127]
19,"193,601
;:
Tox Allocation Bond Debt
~:!
Revenue Bonds
Other Long Term Debt
City/County Debt
Low and Moderate Income Housing Fund
Other
-l>o
I
01
W
AvailablB Revenues
~"
Net Tax Incremont RequIrements
,.
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If~~,t:,~,i~!~,:~1it~i~dt~(ill~\~~~rillltY~~t~I'llr~~a@UYi~J\L~Ji_g.l'aiNJIDmB~Jjf}y~.m:liJmfj,rJt~U:MY!:l~i~~~l\:A~1.~~J~J~t\~~~
IJ.W~11'~'lt\i!1{{(.';l:'\j..~~%~~lf;,~~';F_iif;:rI';1!\li,N~.'.i~1i.RI:,\l;W~'l~:t-'t'I.."~i\'~li::'11J,j-;."'ll(~:I)'~1'~~Ii{H.lili'j'W'''J.,~~~j;~t!q\ff!.i~'.-'=~~~_;;''.~W\141~~W.I~jfC'W@t~1i)&[f~l~l\ft~~Ti~~1'R~W~m.\iB,!il_:~I~.;..[~::,~'JrjJ.{\t.i'''~0.~I:~\'\!J:l~i~~~ti
~iN:i(Jt(.'l'\'iil;<;")I(i-l,:j;Ji '''I'''"K''l "Ii.~lft'!i;eCfe-N]lI&um:m~il ~t'~genl;:.'leS,~t;;,ua.'l.,C:JJ.l])'rj,Ura'!.~s',a"n;t10.'I~ '\f.te:n~m."~ ~l'ti0JJ..lltnl'~I'X'l"'~i"~f'~:"'~!&"!JN'l!"
; ~.;jlJ'i~f~Af,:!--~b g,J!' ~ '~~'!.::+~~1i:'i!it:,,'5'~ 1>,~"t;"&:<.1,'j'~\"o;*-.;,.\-'tJil.'W",,;J."''t>'-i~\\l,,~!i, Ul;~<'i~~llw~~t\f.,,\.'j,,'!';F.t.~t~""\~l;1f;;H\~;;;(!r"ji;\i:' \'(,' ,rn't,'!~)>'~'.' 'i",~~~t~Ik;l-tt3Ii&W~'.!-!t,1
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Fiscal Yoar
--20.08
Project Area Name
~;':
Net ,'ax Incremont Requirements
1 25,50.2,9931
I I
1 736,3291
I 32,70.3,754 ]
I 23,466,9891
I 34,924,8791
I. $117,~34,94.4..1
I 18,476,0.59 ]
I.. . ~.~~!~_0.~~~,?_.J
~,~
Tax Allocation Bond Debt
Revenue Bonds
Other Long Term Debt'
City/County Debt
Low and Moderate Income Housing Fund
n:
Othor
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Total
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Available Revenues
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.J.ts'[.~~ir.Il:'!'~'';';\! ,A'i\,lt- 'r.:,rif~- - fi%1,"1#,il<."!~kiJk,.~;.,tr v;-M~Jf.J{fwl - \:,I,HL~HU a)1fy;ISa,~(_ eu )J,e 0 '. e - ~ - _ - ,. {' l;,,>>; ll~'E1"~jtt".j I!.'\J - -.~i"1.;~'iWl';\' -I,.~'" ,.,- I\N~'ft~\\l!
,~;~;I;ilil,~11~~g~~;L~~!i!~JIW(l,Ml~~~~[\\~f~iJK~;~'f1j~~t;\;;'!J~~~14W11~'~'ti'II,~i&litl:j,I.It\iii~~\I;\1iJ.;\1f~{!,~,~~~fj;i~'_, ',~ 1',~i~~~~,ir~_!:&~?~'.i1;~t!~!&J~~,4~~a\'J~R~y.~~E~
M""'f'\<''Ui/('--i!;~.''MJ~~iJ:Z'ffi1Wi'I:\ "%1:\1I,"I'~,;~mp~t~'f~:A;l)'I'R'.!l1m'EjJ\,\'~~}. W'~,{~'t'I!' ):W~~~~1!1\\~;;l\\'t~*fW'~~'~11~\'(ffii\~g~"iW~i~Wt~"Q.'r "\11\'1\~il1." '~(Ifl1!Il)Ji(..rti'M~tlli!i1-X- ':~.:'sr~;1il.\~I'(1'~1i!i.ti:lf.'iIV,lit{~wn~.tm~;\~~' \'f1:'0~<:mi1'.~(\1~~~~\).'"lfWj)j{1fu1m.~I!f;"j!:~U~.lP~I~
~,!lljl,"I~"","~!rit''': "J~'>\'ii!A""1i,"~d~' elle"il'If/.. memilB"'Eln'l>'les,,,man ..1" a't a .... .on"ilRe"'oml.\\\!~j!i'~' "'" ),ll!!"""ii'l'i'''','%~'''''','1c''';!
ii::......;;:u:li;~i.!~..ilr"..~.. '"'i(,;;;u....~,IW"W..........'"'.,e_..~~ ,... _ . "'..:.r.~."w~,~.,."~,~",.......",,. ...~~ ".I..~ ,. . ."..~oA:.l........~..""_t~....,lilOlt, -. n-~'l'J<l;. -~,~~<jl~.~t.J~'m~
Agency Long-Term Debt
Fiscal Year
Project Area Name
12008
~ Center IlBavfront Pro~Area
'--j
Furward from Prior Year
f{~~;1;~1),~~\~ ~;~i\~H~('%
-1>0
I
en
U1
Bond Type
Year of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Maturity Data Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
~/CounLY Debt
I 19741
I 4,8BB,9051
I 4.88B,9051
IOperatiollS
19741
I ~
~____~~:.60:r,-044_.,1
I -'1,3451
...-J
,.:
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Interest Added 10 Pllnclpal
Principal Amount Issued During Fiscal Year
Principal Amount Matured During Fiscal Yoar
Principal Amount Defaased During Fiscal Year
I
L
I
I
I
I
1
Portion of prior year Interest Added was
incorrectly added to Town Center
I/Bayfronl plOject area.
195,635.1
I
I
I
$4"B012.3~ I
1
I
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
Interest In Default
Bond Type5 Allowed:
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation .Noles; Financing Authority BOllds; CUy/County Debt; US;Stale;
Loans; Lease ,Obligaliolls; Notes; Deferred Pass-TIHoughs; Deterred Compensation; Otller
'Age~c-y:L:ci~g~TeimiD~bt.-'-" .
.'12/24/2008
W~~'~N~\j1m\r~:i,"(~]:ID}J~\~ltml\lW~tT;iWjpi~1[l{~~j,w';:~:\}reul'~~f!lr&~:0(i~.@tIiWfrt!Wriil~(<~~fi~~fif~~~~A7~~~~~lK~~tWp\~!!,~r~7*Jlr@Wt~i:J~A[~~1~1~~i~~~~~~Wf!il~1
~lJ$Ji,{,;lili'kd~i.t~l\;n\~~~'lli.~!'t~~t\'iA.~W:cl1r~~~mX\~~~~i:~t;!r'$M;b1Rl!ii~~~J!11"/t:lg~ii~'itIi'4~'i!$Aii;f~~~\lik);1Ieh~~~i~lfJIJ~&1lrfdi\~1ki!ri\~?&\ifii!}~Wa*~1llilt~~XwhL~:~1
liI!'""!~~\''''I'f(ili~'iJ@\\',~i:\'''',,!l':~.~'1!1 i'!l""~""":;;'!I'J ,~J,"2!bl"'CU""~"~" ",~<;lljI:1jt-El'~"t\l1~""~I' '~-iID"~'m'ltjf' "~t\"",~, "''''''''''~II''r:l\4~~,~,",'fuWfl;llJi''' '~,",~!ilj:~'l
~~.I~;l'!'i~h'5,lt~~~\, jl)'>'~;':)i~~': "'\ill\"g~,~~t;j1~w,':;"f;'<l~;n.' . e. La "", Hllil-!!, . en '$",;)' ",' ummr, ""',' S\) , '" -'~:(A~'~m,!<;~~M.t':;~'i1.iu.,1i'fc.;>""\&' ~;, i1<<"!'II<'i\lTf;;7~,.
.",~1,,0;~'",,}i{.f"'~lj,".l .."".t.ill"~~' .j;j.~,w".4",&~",I~,..,o".."",,",1l,,~, " '. ,;""" ,.,~",~m..,...,ft;l,l ,1,'''', "...".\e~JI'~",~ "'" '" n!?1~"h'''''\7 _, 1~C;:; .""'!ly,,v~ c. .gQll.t1,jff,",.Ii~~n,,,,,Xi,,;l:,, "..'i:Wi~~.fM! .~~.~;!l[<m..".,.",,"bt
Agency Long-Term Dobt
FIscal Year
Project Area Namo
12008
ITown Center IL Otav Vallev:, Southwest Merged Proiect Areas
Forward from Prior Year
~~.?Yii\i(~)'f~l~t:~,\\' ~~~
ICily/County Debt
I 19781
I 61,489,9341
I 61,489,9341
IOperatlons
r
[
L
I
19781
20381
J2~?:''1.2_0~1
1,345 ]
.j:>
I
en
en
Bond Type
Year of AutllOlization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Maturity Date Ending Year
Principal Amount Unrlla[ured BeginnIng of FIscal Year
Adjustment Made DuriJlU Year
Adjustlllent Explanation
Interest Added to Princlpal
Principal Amount Issued During Fiscal Year
Principal Amount Matured Dul'lng Fiscal Year
Princ!pal Amount Oefeased During Fiscal Year
I
I
r---
I
I
I
I
POItiol\ of prior year interest Added was
incorrecl!y added to Town Center
IfBayrrant project area.
234,3271
I
1
I
$,~5,94!l,!lX3 I
I
I
Prlm.:ipal Amount Unmalured End of Fiscal Year
Principal Amount In Default
Interest In Defaull
80/llj Types Allowed:
Tax Allocation Ronds; Revenue Bonds; Certificates of Participation: Tax Allocation NOles; Financing Authority Bonds; City/County Debt; US;Slate:
Loans; Lease Obligations; Noles; Deferred Pass-Tluoughs; Deferred Compensation; Other
..
Agency':~ong:TerTn:Debt' .
': <12/24/2008
1,jV,iilm'\'!Flii'~;::~i!lf.'im^'~1<\18l" m'i\,~~4i~!l"''');'~'tsIi'Ji'iID''''~~'l!!l%n:wm;]fJ.''t'9;''l'i1lllli'''''''''''I'I'\il!I"I"WO>'RI""~:'W.",,,,~ll\R'1)~'''~~~'.''~1l\~$~.:.\' <"T\1!l:!,;il:W!iiil)l:I.;mWIl,'i!~~~~
]; :",~_'fu.~}"'{:'P;~i~!<l)t$'61~~'<\mTh'<ir\;,*1i_~~~!-!'i.;\\~i!1m:-110'1 - }. I ,1,"'~nU '",':'J 'alfn.e'O v 0: met:rt.~' '-cggiY,' !lli' 4 -';\fi';;~.ijl ,\<jmx{ti ~<t~Wt1 c~':)'l~'lri~'f,\\ ~~~e.;~~i
~ ~yQ:"[~~!!i.\r,IWh~]~'~'~~~!i;~M:(~;1~L~li!J:iiii;lt\@1~tEj};'~~t~h~lP,,;;!~ttJdfU\1!t~*,,}~J!-Ir~~1~~iI'.tlt~i~l-WI~~i.I~\il!l.~~1iJ1" M'i~l'6lj\i/X~1~~~!l1~~1~AA:' itt~~)jjih~W~~1' ),' ! t'iA~~i:j'll~;r~i~1{).'~~~ti~~
ir,lw:;!jgi,:,fiPh~7fIl~~1l:~~%:~)r{:!~\1~~J:JJI~;m;i~II\~f;t!;;ii~l~'F,'lf~-;fuG~~?(\fWik';tPii'j;U;:t\!\~1iW1#.(W~\~w[I''''~'ilW$ili~~%:1IUJ,;rJ.ili~tNrl'~~~}f!\!i~'!i~~U!f&~~~&;I~*?'i't(l:,WLw.;\l)'11tt'%;ii\lj;j;:~~r(~1~j~{l\Ji~r~\'iu\t!t~;r9~~~1~j~1'f,;WI)f;!~
t:l-'li~1~~~d~~;tf~i~tWlj!.);Lt~_~,!a~.:y;glQP...!!L~.u!i%g~!l~J!t~dR.\~:J~1Jm~Ld!(!~.a..Q1l9-!-ll!~i.l\..'tUl~1!h~;Q\jili:tl~illier.M;'d(~~~1t.~~~
Agency Long-Term Debt
Fiscal Year
Project Area Name
12008
ITown Center I/Bayfront Proiect Area
~
I:
Bond Type
Year of AuttlOJfzalion
Principal Amoun! AuthoriLed
Principal Amount Issued
Purpose of Issue
20051
387.1611
38'/,161 I
Forward from Prior Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
To Fund FY 04-05 EMF Payment to the
County or San DIego
I 20051
L 20151
L__$~2~,~~.!.J
I I
L
1
I
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I
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36,420 I
I
_E9~,02U
I
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"'"
I
m
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Maturity Date Beginning Year
Maturity Date Ending Vear
Principal Amount Unmaturod Begilllllng of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount Issued During Fiscal Year
Principal Amount Malured During Fiscal Year
Principal Arnount Defeased During Fiscal Year
Inl8mst In Default
Bond Types Allowed:
Tax Allocalion Bonds; r<Elvenue Bonds; Certificates of Participation: Tax Allocation Notes; Finllncing Authority Bonds; City/County Debt; US;State;
Loans; Lease Obligations; Notas; Deferred Pass-TlllOughs; Deferred Compensation: Other
...... ,.,.,,~ ,.., -. -,.. .
12/2412000
AgBni::y':Lol1'g~Terrn:'Debl..
.,'
~~~.ffi~~";j~fl?~~A\t.;r11~~}W~~~~t4i!,i'~~i;~'l~\I?~f~~:h'~\~"'l'r~![>'~~;.':.\I'.:ft-;;~7'R.'i-::~~)Pi\!lr,f~~I~WI.reiMf*;;Wl~~' ~W1r,~. . \rr~.{Wr.~:;~l~~t~}),%?;X{~-;.ijj."m~%~1ffi~I,.,.~~~~.'-~r~
.Ii!; _'. ,hjr' fi~j'.h~!l.J :ftwi';:t!;;; - ~rall:; Ki1~~~1;:".~!. ''W~--mlW~ "'~" ;i, \ ,tl '!.),V,JS C;t\' 8-ve:ro menD. '19 n_ ,j1(~i1{J&1(iJo\' ;ijt~f. .'ljp,Y'\~::)'fl. ,~I~i;,\'.k"':;_'1 ;'i .f,& ,,,?~:m' "
~j~{~~J.\[!~r.1*,~~~.~!.itwW4iif&1~wdlem,~ltrdMl~~1\.\:iil1il;~!::;;~Ji!;ii~if5f!1'fJir}~~~~'t1Wk~J'\~fm::Mi$~~lill:)i$mW;'(~L I :\l;\Z'~'lJ~ff~Ldf.~)L'lmt:I1UW;!J~~~~!i '%)l~f.fJ.ll)'li1iJ1t~S~t,11~~~
~j#S::i;~,,!;'jJ;f,,;i);N1H~W};1;~W',li~iLW~!i;i,;rI;J;1i\~:1iill,j'I~!~~iJl'~WI~}~1]1l1;~~<.'t}~'j~l2W(,>>~~XitK1(!f,flr~IJ~iW,W;.t''j~.:i11,'tJ,1\~;!~t"".\t%~r;(1lMw!~)!il'-'1'~'~~~m!~ii~~"I!!l:j;~~~~\lli\'B~[\j'~.\f~1tIM\~~;\\ii\111'~il\V,1~W@I&\1ifyr~1~(,~\W"if~I~I':\'#~)WK~J
~;;tW~;l~~\~~i.\hf~;~$~~~;-gri't~i~~MLm:~~Ulgl!"';'lllf,!mUj!MJ:t\M:g.@)J.QU1~j~:U'J!!i:l.;.l;:l~S\!i~i;..~~,~i.i;~v~H~L~J:lJR.!~~t~1~\\j~":." ;ji\it~V~Nftitli~S;.\~ti~!l1illJ
q
Agency Long-Term Debt
Fiscal Year
Project Area Name
12008 I
[Town Center II, Olav Vallev. Southwest Merged Proiect Areas
j:
~
r
Bond Type
F:
forward from Prior Vear
Principal Arnounl Authorized
Principal Amount Issued
Purpose of Issue
ILoans
L
I
I
20051
377,830 I
377,8391
To Fund FY 04~05 ERAF Payment to the
Coulll of San Diego
20m,]
20151
_,_$~1~,5~9_J
"
j:
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~
Vear of Authorization
Principal Amount Unmatured End of Fiscal Year
I
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Maturlty Dale Beginning Year
Malurity Date Ending Vear
Principal Amount Unmatured Beginning of Fi6cal Year
Adjustment Made During Vear
Adjustment Explanation
Inlerest Added 10 Principal
Principal Amount ISSLJod During Fisca! Yaar
Principal Amount Matured During Fiscal Year
Principal Amount Defeased During Fiscal Yoar
.~,
I
I
~
1
$263,978 I
I,
i
i ~.
i
Principal Amount In Oefaull
Interest In Default
~:
Bond Types Allowed:
Tax Allocation Bonds; Revenuo Bonds; Certific~tes of Participation; Tax Allocation Nolos; Finaflcing Aulhorlly Bonds; City/County Debt: US;Slals;
Loans; Lease Obligations; Noles; Deferred Pass-Throughs; Deferred Comp~llsalion; Other
"
!,:
"
;
Agency Long-Term Debt
: ":". :.
12/24/2008
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Agency LOJ1g~Term Debt
Fiscal Year
Project Area Name
I200il
[Town Center IIB;!Yfront Prolect Area
Forward fmm Prior Year
iYi~ij~2i ~t,t'\~_Y:Y;64,f0,~lt~
20061
586,830 I
586,830 I
To Fund FY 05-00 ERAF Payment to tt1B
County of San Diego
20061
, 20161
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Interest In Default
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Loans; Lease Obligations; Noles; Deferrod Pass-Throughs; Dofened COlnpensation; Other
Agency,Lony-Term-Dabt
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Agency long-Term Dabt
Fiscal Year
12008
ITown Center II, Ot1!.\' Vallev> Southwest Merged Proiect Areas
.
Project Area Name
l30nd Type
Yoar of Authorization
1~;i~i1'I~~\[~;li:~iil~!il!kl
ILoans
20061
343,170 I
343;170 I
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County of Sari Disc 0
1 20061
I 20161
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Principal Amount Matured During Fiscal Year
Principal Amount Oefeased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
Interest [n Default
Bond Types Allowed:
Tax AlIOCllliotl Bonds; HevenUfl Bonds; Cerllfica!es of Participation; Tax Allocation Notes; Fin~ncing Authority SOfld:;; City/County Debt; US;Slate;
Loans; Lease Obllga(iolls; Notas; Deferred Pass-Tllroughs; Deferred Compensation; Olher
.Agency :.L~rig-7TermDebt
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FOIward from Prior Year
Bond Type ITax Allocation Bonds
Year of AutllOnzatlOll L 2000[
Principal Amount Aulhorized [ 17,000,000 J
Plincipal Amount Issued I 17,000,000 1
Purpose of tssue ~ce Redevelopment Activities
Maturity Dale Beginning Year I 20011
Maturity Dale EndIng Year I 2030[
Principal Amount UnmaturetJ Beginning of Fiscal Year i __$~ti,51.5,~00 !
-Po Adjustment Made Owing Year I
I Adjustment Explanation I I
-J I [
~ Inlerest Added to Principal
Principal Amount Issued During Fiscal Year [ I
Principal Amount Malured During riscal Year I 40~
Principal Amount Defeased Owing Fiscal Year I .--J
Principal Amount Unmatured End of Fiscal Year I ,..,_,~1"'11,(),~'O_J
Principal Amoun! In Default I
Interest In Default I
Agency Long-Term Debt
Fiscal Year
Project Area Name
[2003 I
[Town Centor II, Otay Valley. Southwest MerQed Proiect Areas
!~
"
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Tax Allucation Bon'ds; Revenue Bonds; Certificates of Partidpallon; Tax Allocation Noles; Financing Authority Bonds; City/County Dabt; US;State;
Loans; Leaso Obligations; Notes; Deferred Pass-Throuyhs; Deferred Compensation; Olher
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m>;ii'lW)!1ii\~ll'''~'!'i~g''<;l'I~~I'''VI~''''''1ill'Oli\lI!i~''"'1!'!l1l\m:::!rr'''','''''rl<~lT"''''''''li\;;~1!\1m~~(wi!''.II(,,'i'li';~l!i''~ill;m~~ll''lr.I<~~I\1i!f!'l
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Agency Long-Term Debt
Fiscal Year
Project Area Name
~
ITown Center IIBayfront Proiect Area
Forward from PrIor Year
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Adjm,;trnenl Explanation
Interest Added to Principal
Principal Arn~unt Issued During Fiscal Year
Plincipal Amount Matured Duling Fiscal Year
Principal Amount Defeased During Fiscal Year
Principal Amount In Default
Intereslln Default
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bonds; ~ert!ficatos of Participation; Tax Allocation Notes; Financing Authority Bonds; City/County Debt; US;Slale;
Loans; leas~ Obligations; Notes; Deferred Pass~Ttlfouglls; Deferred Compensation: GlIler
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.12/24/2008
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Agem~y Long-Term Debt
(i
Fiscal Year
Project Area Name
12008
ITown Centor IIBavlrant Proiect Area
'~
Princlpal Amount Unmatured End of Fiscal Year
v."'tli,'jWif.~l)W,;~,;j,fI]-;:l:(1
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ITax Allocation Hands
r 20061
1 12,325,000 I
I 12,325,000 I
]"'"0 refund 94 Tax Allocation Bonds Sar C
I\D
[ 200'11
L 2027]
1___$12:3~00~J
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Matmity Date Ending Year
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Principal Amount Issued During Fiscal Yeur
Principal AmOUll1 Matured During Fiscal Year
Principal Amount Defeased During Fiscal Year
PrinclpElI Amount In Dofault
Interest In Default
Bond Types Allowed:
Tax Allocation Bonds; RevenUB Bonds; CertificCltes of Participation; Tax Allocalion Noles; Financing Authorily Bonds; City/County Dabt; US;State;
Loans; Lease Obl1gaUons; Notes; Deferred Pass-Throughs; Deferred Compensation; DIller
Agency'.Long-Term ,Debt
.page,g..'
12/24/2008
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Fiscal Year
Project Area Name
12008 ~
ITown Center IIBayfront Project Area
.p.
I
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Principal Amount Authorized
PrIncipal Amounllssued
Purpose of Issue
Maturity Date Beg!nning Year
Maturity Data Ending Year
~~~
[Mortgage Ruvenue Bonus
I 19971
I 18,300,000]
I 18,300,000 I
IEucalyplus
Forward from Prior Year
Bond TYlJe
Year of Authorizatlon
Principal Amount Defeased During Fiscal Year
Prlilcipal Amount Unmatured End of Fiscal Year
PrincIpal Amount In Default
lntereslln Default
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19971
2027]
Principal Amount Unmatured Beginning of Fiscal Year
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Principe! Amount Issll.ed During Fiscal Year
PrinCipal Amount Malured During Fiscal Year
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Bond Types Allowed:
Mortgage Revenue; Industrial Development; Commercial Revenue Bond; Certificate of Paftlcipalion
Non~Agef1~y.,.Long:!er~~\D~bl ,
. . 12/24/2008
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Project Area Name
12008 I
ITown Center IIBayfront Project Area
Forward from Prior Year
Bond Type
Year or Aulhorlzalfoll
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Principal Amount Authorized
Principal Amount Issued
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Maturity Date Ending Vear
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Adjuslrll,eflt Explanation
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Principal Amou~lt Unmatured End of Fllil:al Year
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Bond 'fypes Allowod:
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Non~Agency :!.-ong:T erin':Oebt
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Fiscal Year 1200B
Project Area Name Town Center I/Baylront Project Area
Forward from Prior YlJar [~~'~lf1~~m1;~~~~_
80nd Type IMortgage Revenue Bonds
Yoar of Authorization 20001
, Principal Amount Authorized 5,779,000 I
Principal Amount Issued 5,77~,ODO I
Purpose of Issue [Pear Tree Manor
Maturity Dato Beginning Year
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20311
_5,~120!0[~OI
Maturity Datu Ending Year
Principal Amount Unmatured Boginning of Fiscal Year
Adjustment Made During Year
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Principal Amount Issued During ~iscal Year
Principal Amount Matured During Fiscal Year
Principal Amount Defeased ~Uring Fiscal Year
'Principal Amoullt Unmatured End of Fiscal Year
Principal Amounl in Default
interest in Dofault
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[ 80,000]
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Mortgage Revenue; Industrial Development; Commercial Revenue Bond; Certificate of Participation
Nori~Ag"e'ricy:~oj-;g'''Teriil'pebt
. Pa~if{3.n
.12124i200B
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Fiscal Year
Project Area Name
12000 I
ITown Center IIBayfront Project Area
1
Forward from PriorYear
Bond Type
[Mortgage RevenLJe Bonds
~
Principal Amount Authorized
Prlncipal Amount Issued
Purpose of Issue
20011
15,384,000 I
15,384,000 I
Iconstruction of HOIltage Town Center
Apartments .
20051
Yem of Aulhorization
Principal Amount Issued DurIng Fiscal Year
Principal Amount Matured During Fiscal Year
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20341
14,,079,0001
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Maturity DElle Ending Yoar
Principal Amount Unmatured Beginning of Fiscal Year
Adjllstment Made During Year
Adjustment ExplanatIon
I
215,000 1
1
Principal Amount Oefeased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
$14,664,000.
1
I
Principal Amount in Default
Interest in Defaull
Bond Types Allo.wed:
Mortgage Revenue; ImJustrial Developmont; Commercial Revenue Bond; Certificate of Participation
Non-Agency.Long-Teml Debt
.~'P'a'ge .4.':
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Fiscal Year 12008
Project Area Name !Town Contor lII;Jayfront Project Area
FOIward from Prior Year ~~'~1f:!~~,~1~~nf,!If,W~Iit1;
Bond Type [Mortgage Revenue Bonds
Year of Authorization ! 20041
Principal Amount 0-ulhorized I 11,686,000 I
Principal Amount Issued l 11,686,000 ]
Purpose of Issue Construction of Ranello Vista Apartments
. Maturity Date BegInning Year
Principal Arnoullt In Default
Interest in Oefaull
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2006[
2036[
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Maturity Date Ending Yem
Principal Amount Unmatured 8eglnnlllg of Fiscal Year
Adjustment Made During Yoar
Adjustment Explanation
Principal Amount Issued During Fiscal Vear
Principal Amount Matured During Fiscal Year
Principal Amount Defeased During riseal Year
Principal Amount Unmatured End of Fiscal Year
. ...~ _),..~~.?~~gQ_1
150,000 I
Dond Types Allowed:
Morlgage Revenue; Industrial DElvEllopmenl; Commercial Revenue Bond; Certificate of Partlclpallon .
NOI.I-Ageri.c'y:,~ong~Term':Ciebl
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:. t:Jori.-l\go.'~c'y'.~o_I1'~VI.~(~,q"e.!1,t'..' . .
Fiscal Y car
Project Area Name
Forward from Prior Year
Bond Type
Year of Authorization
PrIncipal Amount Authorized
Principal Amount Issued
Purpose of Issue
12006 1
ITown Centcr IlBayfront Project Area
1\Y:e~~,lWl~~~t~n}'~o/iTIit\;i~uml
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!Mortgage "evenue Bonds
L- 20051
I 1,'115,000 I
1 '1.715,000 I
To fund Ranch Vista Apartments_
Conslruclion
J
Maturity Date Beginning Year 1 20051 ,
.po ,
I Maturity Dale Ending Year I 20351
-.J
CD L
Principal Amount Unmatured Beginning of Fiscal Year I ,6~~,00OI
Adjustment Made During Year 1
Adjustment r:xplanation 1
Pllncipal Arnoun\ Issued During Fiscal Y~ar I I
Principal Amount Matured During Fiscal Vear [ 25,000 I
Prlnc1ral Amount Oefeased During Fiscal Year I I
Principal Amount Unmatured End of Fiscal Yaar I ._._,__$1,660,00..0 I
Principal Amount in Default I J
Interest in Default I I
Bond Types Allowed:
Mortgago Revenue; Industrial Developrnent; Commercial Revenuo Bond; Certificate of ParticipatJon
Non-Ageiicy-l:.o'ng.:.Term Debt
.,2/24/2008
:.Page'?'..
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- ':.:". ..,' ":' . ...... .." '::. . ",' .' ....:.__.. '::.~:'..: :.N6'i:l::~g~.n'c'y.,.~ri'rj'9~I.~rll\:6eb't: ':'.> . ,;:~':..:::;::.i,., '.,;:::.:::~ ,::. ::::,:"', .:.,"..:.'; '... :..':, >. .:, . .
Fiscal Year
12008
Town Center I/Bayfront Project Area
Project Area Name
i
!
Forward from PrjorYear
Bond Type
Yoar of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
l~ortyage Revenue Bunds
I -"DoG]
I 37,940,000 I
I 37,940,000 I
TefBsina Apartment 2006 A (Hefulldillg
Gateway Town Center Setjs.!! A)
j.
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I
00
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Maturity Date Beglnniny Year
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Yoar
Adjustment Made During Year
Adjustment Explanation
Principal Amount Issued During Fiscal Year
2010]
20361
37,9~~p~O I
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'~37,940,OOO ,I
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I
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Principal Amount De(oased During Fiscal Year
PrincIpal Amount Unmatured End of FIscal Year
Principal Amount in Default
Interest in Default
Bond Types Allowed:
Mortgage Revenue; Industrial Development; Commercial RevenUE! Bond; Certificate of Parl!cJpatioll
Non-Agency.'longwTerm Debt
: :':~'agef.
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~,t;t~:'ft~jh~~j~~J!1i~!J)g{iH\Y;~1;M~t1~f1i~r\l;ffi\\jl~irvl~~JJ~)~fJ)i~L1~:tA,~~:,!t,i~'~iilfi~l{(:t~y!fkk~SfC!iWfl'W1\~1~~\~g~J'~1}11('~\~\fJ~;"t'~~1i:(t\1t\tl\~\{b'f~1l:1)1;iM~~li~t..&.~\iR,':\(i;lti%,jt\1)i~lifYi;;\~\{~1:1,i;$&1~~\!~{!~~~~7'.II,il~ki:,'1~;t&(~f
.",~..".., '. t",,,'''i'.RllI'''',,~~",.,l,=-~,l",1'>j''''';'''~;:';'iJaifi.''<AMr;",,,,,,,",~;',.;;ij\:,.~~~,,,,llj"'.;~';;\/:>~'IM~"'>it\i.., "i;'b;"J>.,'Jioll~' "vi .r*,)i;,~,,,"''''''''V;i~ll'>:,J,j,,..~l,l>l.ll;.J'ij'2i:, ",,,...~l';@.Iiioi<<U~~liI.il>;),;i>1i.w.. ':"W .'1.:.)[_4
~.;!~lW,~r~~i&~1~~;::;1\\~(~.Jil~4':~r';i;7'~i!it?';l\W1!i"t'~W;~'\~~@'f.iij'!',:!J;1~e"~IW~)RV),\\~(tmi:i.\1!f.;'WHm';~~tf;'\~;:~1t~t~R:~''I.illttl!\;~R~~i'1:W~"~~ft"W1\rNW;;\~~~!
IJLj,)i~i\jWiZ,Hf:)l~~~ij;:ii~~,M'\l\onB!\i~,,;e~~m%!J.,~i~~r;~~!~;t~~~~~:~:,!~~:,*~'};"i\~'1l'J2k\~;:,!J:!~!i'~1~i~::~lq.~~\fhill\t.\ll1!~l!~~~jl
I,;
i~;
[f
Fiscal Year
12008 I
[Town Center IIBayfront Project Area
BII~&i:w~;~~1
~age Revenue Bonds
20071
5,000.000 I
4,672:0001.
Construction of Oxford Terrace
Aparllllenls
t ~.
Project Area Name
Forward from PrIor Year
;-,
i,
ti
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Bond Type
Year of Authorization
Principal Amount Authorized
F'rincipal Amount Issued
PurpOSQ of Issue
!>
~ Maturity Date Deginning Year I 20071
I Maturity Date Ending Year I 20421
(Xl
~ Principal Amount Unmatured Boyinning of Fiscal Year ~ .. 4,672,000 I
Adjuslmont Made Duri,ng Year I
Adjustment Explanation [
Principal Amount Issued During Fiscal Year 1 1
Princinal Amount Matured During Fiscal Year 1 76,000 I
Princip'al Amount Oefeased Durillg Fiscal Year 1 I
Principal Amount Unmatured End of FIscal Year L. _~4,594,~.~0. 1
Principal Amount in Default I I
Interest in Default [ I
Dood Types Allowed:
t..
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;:
Mortgage Revenue; Industrial Development; Commercial Revenue Bond; Certificate of Participation
h
"
Non.:Agency.Long-Term.Debt
. ''';P)gi3:B'>'
, .12;24/2008
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Fiscal Year
[2003 I
!Town Genter IlBayfront Project Area
Project Area Name
.-.J
Forward from Prior Year
nnnd lype
Year of Authorization
Principal Amollnt Aulllorlzed
Principal Amount Issued
[Jurpose of Issue
Maturity Dalu Beginning Year
IMortgage Revenue Bonds
20071
16,67U,OOO I
10,3~
[The l.andings Apts
[ 20521
r 2052]
i
I
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1
I
I
1$.10,340,000,1
r--
I
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N
MaturHy Dale Ending Vear
Prlllclpal Amount Unmatured Beginning of Fi~cal Year
~ i'
,
,.1
Adjustment Made During Year
Adjustment Explanalion
-.J
"
,
Principal Amount Issuod During Fiscal Vear
10,340,000 I
I
I
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Principal Amount Matured During Fiscal Vear
Principal Amount De1eased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount in Default
Interest )n Default
'.,
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BOfld Types Allowed:
Mortgage Revenue; Industrial Developmenl; Commercial Revenue Bond; Certificate of Palticipation
Non~A~ieincy~[i.ong'~T err~ Debl
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.,.,.",~i1""".;,.h"~: -".\,'H-""""'~ ,.',' '.,,<,,1. 'f,_d,_.<-._,,' .....;-.."..'l;;i .,.\.. "", " ' g""v;' i:lo ~~ li. ".' w,fi')'fJ ri., ,- .. ..... '" .. '''v.r.;I~ 'Ii T'?])' '''''"Ij~;ij, "">;t,,, ; .. ..-",..'."J.(;\~W-}'\,y, ,.. ..,'
li~':}j~&'JIl~fl)1\~i;!MJi11@l~~tk~&li'ti\~ii~~IDtl\i2&Z1nlii~" ~U;Q1\i~';~l'",~0~!l!.\'i!llili;J~;.~~;:lt'~1;t~\'ili~ilt~lliJ~!~';;~,;~fu~l("'.\Qji~{ii\\t~,;~~.:;~;B;;':d~t~-i~~%> \';l~~~~k.;w14Ui;(U':#&I\ii~1iam~lfu~~~i.\,f~~~i~:;,a
','
'..,.".'
Fiscal Year
Proiect Area Name
. . ..,~.:::~'.t~teh~'~_:~'~,;:~cf::,~HE?~~:,~t~,~.~~'~.~P~E~:'iFf#,~:;t,:!..~:#'W~;6'~'-~~~ '"
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;"..,."
12008
ITown Center IIBayfront Project Area
I
I,'
Capital Project
Funds
Debt Servit:e
Funds
Low/Moderate
Income Housing
Funds
Special
Revenue/Other
Funds
Total
t"
,''-
~
I
en
w
Tax Increment Gross
(Incll/de All Apportionments)
Special Sllpplernental Subvention
Property Assessments
Sales and Use Tax
Trclflsiell( Occupancy Tax
Il\torestlncom13
Rental Income
lease Income
SfJle of Hoal Estate
Gain on land Held for Resale
Foderal Grants
Grants from OttJer Agencies
Rond Administrative Fees
Other Revenues
Total Revenul:~
,
"..l?~,l~X/~.!. ,I
3,144,650 I
2,003,0771
1l1il!"jj!;~''''"''''''''''ill
__ -'I~' -""~(h'ii,'1V'-i..~,i';{ilj"
! , ',' ,',0' ,,-_ ':0.;', ',~N~;",,-- ,-",
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75 3641
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482 026 I
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.10 .I
$01
$667 521 I
.,.'.-.. -."" p--"
I I I 20,866T ..... _~2Q,8Q6 I
I I I I $.0 1
I ! , 41.6u41 .'., ~~.1,604 I
I I I I u __ $.0
I I I I ~O I
I -, I I .,..' $DI
I I I , -- - --~._----. $.0.,1
I 31,8841 4,4131 141.4361 mo_". ~17!,7.33... .
i~
L"mJ'~,f.ti!,Q1.Q_L ,___1S'.!X,6,g,1_ ..L.___~Q5"Q33_J____,__._._._$O J___~Q.Otiti,~,51..i
"
.'
"
"':;12/24/2008
"."..,.. ..',.
. Slat'eii-ien't 'of-lncomeian'cf..Expen'dillires ;: Revenues
r:1;:;~',;il-':\lJW1\\.\~I;~'~i!!i3:';(~~~:;K,~~.l:I'Ikf..mVt~n"l,ni&/t'l1#:~~\ff:[;~Fl:!\iflllii~~~"'i.'<~'~~~f~!'\'~;I':~'F('{1"i!'4i)!~lt~1R~:;ij~;;%\1R~I,\'r,\k~~Ii~ig~~~/I!li{\1M((\t~'~1I.~i;lJ]~~fi~Viiyml:\IL?~\~'i1~~i!\~!lf!~~llM:'''!0Wl'!a(mliJ;''m:lti;~(1!>>~"'^(I~X~Plp1i!~'''j\1f:~,,11'1IKi('f;W'~
fJ!~(!.lr~li:~.~(\(~~jrt:~{1;'~~,-1ii;\\;~h11;ilr.;'.tiii~tJ' ;;"1 ' ,{\tf ',\,1,[;; lU '~J~v;ISta;.l e~:rl;;ve ~n'mt:!!" ~'1:c\g,encY,i'~l::-M~ktil~,,;;$~;:'!:Ji*1g~M{li~~)lf;'t)'EJ~;ill;'i11,!@J.;f~!J:!;:JXU;ti~
!;ii-E1til~1l("iR("-l"I\.m!.l~"&~~Ul~d'i.tHf@i>k~!f.,t:'~1'i1.:-:U~.Q'J.~W'~,!,;;l1.';:.illiiX:~li<~ojJ~~~~l;.ci:'!it.''!,i1',\tl'.....:..Wif~~Jt'.'.id.'t:.\iW}ltrltillftt~~o;.~~i~llkW''.at.i;:tfii~~jjH
1:~~;;:';1~Wi~;~:~Wjll)1IT:~j1\~~E'~\:;:'~I;~W-k~~t1a~alWitwi.~J11'~';;,"1Jj.!m',f';\f?;,o;'f't'~~fr~~K~fl\?'A'Jii.It,5'.Z~i\iitr~~~'il.lii~i'f,~l'!~Ztllf'ln\~lm~Jf'J~&.t;"'lliiJj~"l'Th'!T~"I~~r&f~'''~~~Pll:~\W!M''~llf_;UlJlll~>r~l~~'''If~m-~~!\\~i
}f('jj\','i?(,\,iJ ',il\" ,'ri:>>\~;:",~,,'~('!pr~;!1 J,\i}/1,fr,Wk\:'Jl\.Sas:sze " m, n !',iM: enCles~ in" n' nCla'. ,J;J!;I"a- ~ SaG ':". 1; , . UJilb'tl\'!\1~jJ::i-f~ -"~<i;J"~~}\\f,:\;",,"jlW@";]\:" 'n',]"
rj;;.;,~j~~~r_~~~~I~:&~!~~~l~t4~~)M~~.i~~~~~1!~~~!.~{~~~WwW;~~ti~~&:~1~~~r~i~~~~~~i!~~!~W~.~~~t~~_~~~~1~#l~~~t~~~~t~:WM~~d11i~~;~~~t.].\~~~~i~;:~r~
. ::;;~.ta~~'rl~~.~f~r!:!.~~'~?-ijl_~;_f~~-:;E~j~.frX(l{~\i-~#',~::~'~.B:~:~,'~~j,~.:~-~,i:~ .., .....
Fiscal Year
Proiect Area Name
.j>.
I
())
.j>.
Tax Increment Gross
(Include All Apportionments)
Special Supplernenlal Subvention
Property Assessments
Sales and Use Tax
Transient Occ.:uJ?8ncy Tax
Interest Income
Runlallncorne
Lease Income
Sale of Real Estale
Gain on Land Held for Resalo
Federal Grants
Grants from Other Agencies
Bond Administrative Fees
Other Revenues
1'otal Revenues
[2008
[Town Center II, Otay Valley, Southwest Merged Project Areas
Capital Project
Funds
Low/Moderate
Income l'louslng
Funds
Total
Spuclal
Revenue/Other
Funds
Deht Servlco
Funds
$M4,5,6.Q3 " I
7,330,601 I
1,315,002 ]
I
l-
I-
I
'-
I
~o
,~O.,
$0
,$0,
. ,~.~.~5.?}O ..!
$0
I
I
L
I
I
I
I~
I
1
1-
306,138 I
I
I
I
I
I
159,0921
I
I 1 I I ..n. ,... $0 I
L I I I ~o ,!
I I I I ..~ .. .., $0 i
1 I I I $() i
I I 1 I --,. .. ~O I
I I I I _.0_'. ."0.". ~O,'",I
] 760,287 I 3,251 I ] .. ",E63,5~O ,
I
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,12/24/2008
...t.,.. ,'_.":~",:.~,.
Statement,of Income and,Expenditures -.'Revenues
.:......
. ""St~ ter~H3:rll:;'6nii 6'(j~'~ :a'~i d-j;~~',je'n(i,hj~es:H_E~:p:~'~{tfHGreis ;.:..-...
." ,'.' ".' '" ,,,,,.,..,.',,,."
Fiscal Year
Project Area Name
12008 I
l:rgwn Center I/Bavfrol!!E[Q]ect Area
Capital Project
Funds
Debt SeIVlce
Funds
. Low/Moderate Special
Incomu Housing RevenueJOlllUr
Total
AdmlnistraUOll Costs I 845,7851 I 630,762 ] L. ,,~1,4!~,~47 .., I
Professional Services 1 229.1061 8,0141 65,6221 L-- __~30~,:r42
Planning, SUlvey, and Design r---- 1 L .JO ,
Real ~state Purchases [ 1 I .$.0 J
Acquisition Expense I I I ~O ,
-J:> 1 I 5.6831 1.-
I Operation of Acquired Property .. J<~,6~3 .
CO c= I I
CJ1 Relocation Costs ... $0 I
Relocation Payments I 409,066 I 1 L ~40~.966
SHFl Clearance Costs I 1 L $0
Project improvement I Construction Costs L 4,1521 1 5.026,169 1 I $5.03,9,321
Disposal Costs I L $0
Loss on Disposition of Land l'lald for 1 I. ~O
Rosale
Slaternent of'lncome and Expendilures - Expenditures
, .,.Page'1.
12/24/2008
Fiscal Year
Project Area Name
Doc line in Value of Land Held for Resale
Rehabilitation Costs
Rel1abililallo[l Grants
Interest Expense
-t>
1
CO
m
Fixed Asset Acquisltlons
Subsidies to Low and Moderate Incomo
Housing
Debt Issuance Costs
Oilier Expellditures Including Pa5s~
Through PaYlllsnl{s)
Debt PrincIpal Payments:
Tax Allocation.Bonds and Notes
Rovenue Bonds, Cerlificales of
PCirlicipalion, Financing AuttlOIHy
Bonds .
Cily/County Advances and Loans
All Other Long-Term Debt
Total Expendlturos
Excess (Deficiency) Revenues over
{undor} Expenditures
. .:.:: ~~~~.~~.rn.~rih)(J ilea-m e.:,:~:~,-~_ ',~:~.p,~'~,'~.!~~:~,~_~':~~-j~:~h~~.ij.~,i~SVe,s.-;'
[2008
ITown Celiler I/Bayfront Project Area
:-:':.-;:::--. ....
'", .~- .."
Capital Project
Funds
Debt Service
FUfI[ls
Low/Moderato Special
Income Housing Revenue/Other
Total
I
I
I
I
~
I
~___I
I I
I I
I 1,421,710 I
I
I
61,676
L__ ,,~.o,i
1_ _$0 :
1$81,876
1_,,__~1"4~J,1.9,
Lm JO ,I
1.,$0
I $0
I $1 ,1~6,254
1,186,254 [
685,000 c==
I
_ _ ~_l?~_~~9.0P ..l
, $0,,1
'--
I_m
L $0 I
85,900 I ,___, J~_~,OOO J
i_,__Jg~?~~_I___j2"gg,g,6g:I__I__$!iJl1Il,~I__,_______,$,,-I---11Di!~~,O~~,,1
L" _WI7,~,5,~J ,__($6]~02~)J, _j$,~,g4.J~gU________jQ_L ,J$4,6g~,~~~) ,I
. :..,"._~': ;.,.
Statertl8nt.'cif .!ncorne 'and Expenditures.- Expenditures
12/24/2008
",".. .. .'. ... .. ':':"':.'; "",:.- ":..,..,.......'.-.
Statem~nt .of:.incom e:.a~l~'p.~p'~iidit'dr,~,~ :.;':E~p'~,_~~;I~,~r.::~,~.,.:..
. .-' . .' , ,..",,, -. ," ,- . ..
Fiscal Year
Project Area Name
12008
[Town Center II, Otav Vallev, Southwest Merged Proiect Areas
I.
Capital Project
Funds
Debt Service Low/Moderate Special
Funds Incorno Housing Revenue/Othor
Tolal
Administratlon Costs I 1,774,8661 I L..~1,m,B/j/j.i
Professional ServIces 1 220,1841 2,7741 L.,.- $22",95~ J
Planning, Survey, and Design L 1 I L.,.___ .$13 ,
.J
Real Estate Purchases I 1 1 L .,_..____JO.
-1>0 Acquisition Expense I ~ I I --$q !
I Operation of Acquired Properly I 1 1 L .$0
00
-.J Relocalion Costs I I 1 -, $0
Relocation Payments I 1 L --C-L._ ,,$0,. ;
Site Clearance Costs 1 I 1 ~- $0 "
Project Improvement I Constructlon Costs I 100.2671 1 I $1Oq,267
Disposal Costs 1 I $0
Loss on Disposlllon of Land Held for 1 L . . $0
Resale
Statement of Income and Expenditures ~ Expendilures
Page 3
12/24/2008
Fiscal Year
Project Area Name
:"Sta tem e~t "ci't'lnco-Ill e fa Ild '.~x-pen dl fures--~):x~~'i1"~itt~-res -. ..'
[2008
[Town Center I!. Ota'LY!!!luy, Soutl!""est Merqed Project Areas
Capital Project
Funds
Debt ServIce
Funds
LowJModorate Special
Income HOllslng. RevenuelOther
Tot~1
Declino in Vulue of Land Held for Resale I
Rehabilitation Costs I
Rehabilitation Grants I
Interest Expense I
~ Fixed Assel Acquisitions I
I
OJ SubsIdies to Low and Moderate Income I
OJ Housing
Debllssuance Costs I
Other Expenditures Including Pa5S~ l
Through Paymenl(s)
Debt PrIncIpal Payments:
Tax Allocation Bonds and Notes
Revenue Bonds, Certifjcates of
Particiration, Financing Authority
lJonds
City/County Advances and Loans I
All Other Long-Term Debt I
Total Expenditures '-
Excess (Deficiency) Revenues over I
(under) Expenditures
I
I
I
I
'I
I
I $0
L ,.$g i
Lm..._ .__ $0.
L, _g01~,q97
L.... ..,_~O
L $0
1..$0 .!
t ~,~P~~,,92~
I
I
I
",016,0971
I
I
I-
I
--'
2,023,928 I
I 405,000 I
----
I
L
I
$405,000
$0
.,.H,110,245m,I..
$4,?n,?B1,J
64,101j
. ,,$.2"~~7.,07.2,.,~... ,...
.. ..j$1,O!O,~27Ll
....10_1..
$0 J
I
I.
..$.cU...
~oJ
~o
_. $64,.1.01
.~~!~07,31.7.
f,~.,?Cl.?!~04
Statement of Income and Expenditures" Expenditures'
Page 4
12/24/200B
!XliH::jWij\'i!\l~w!ri~'W~i(i,~!;W""t:J}f;J;;';H';;il~l@2J~1}WIlll'i'J~WX~I'V'li!k';~1\~;!tl,N~~("!::tH~W!i{Y~'''!!'Y:~''~';'\i;('j\ii:'~:i'f'~~'(\l(i1:!f;-I';tl\'~),~\I#}]l:'~~':iJ.'I:;r"R'N';-R,JmB'i:\ti'U,~(!jil~!~WIl!'~\\!t~~tt~I",,"1Ii,'fiIZ9~rmiQJi~'n;*'il!it)lj\j1I,*~1itl1~rf;;Xmjj,i'i~'Nr)tW41-\!'fm"iifJ')'('j;l'W~\3~il@1~~':'?(iP'Ylbr*W~f\'l!:!t!;li~WI~'I"~~~1
<;'I'i:_.,-;t;;j,,).~gJgt,~~lt~;t:i\f?,")!:_'IWJE'ri!.^:~:'l<\ P1!:;'h, 'ii:iiX,~' :jj'A'~\\;";~'1'ri~li,",l, ';'...:!;f a~ 1 tlatN:lSldY' ,eUtofVe 0 'mgnL,,^"-ge C"\!1i-~t",~,1~;i':~~1:\tW;~!-~'~ l~,%;,L~~~,*;l';-;\ir..':' (' ',\~j~tlt1\;1\(l'iW~t~~',";jf'''fl
~I~~~ill&:1'l\:tti!tMW~l.dt'j~:~; - , &~ilJ- i!~kt..~lWibi'til;"t~'J;,~fj~'~'i'::;;:r.ltl;l'f.-JJ1;;I~~*,ir~'Mw:t;',(1.~,';ld&.JIil;;;j;t:.1J;~ijt;",U~;]~N<i~ll1.'BZ.;I~li-1t>f~~~!f.~]i~![~~&t.'$imt~'ttm~t~1.~MJi:k~~,2.1~"iJA
i~L~~&t~~~a~_~r~Wi~~~~~~':"'1.11ii~\~'i:'.-~JtliE~!t:~~~~ifl..~~W~.r&i.Mt~illhi"~&'UiUU'~~k~~~h,(!fta;i;;~~~'~;1;J-i'i1i~z!;>~~~~~k..~~;..m;J,1\k{j~'f,il~~~'
Statement of Income and Expenditures ~ Other ~.inanClng Sources
Fiscal Year
Project Area Name
Izo08
ITown Center IfBavfront Proi,ect Area
Capital Project Debt Service LowlMaderdte Special
Funds Funds Income Housing Revenue/Other Total
Proceeds af Long-Term Debt I I I ~O
Proceeds of Refunding Bonds I- I L.,. J.o i
Payment to Hefunded Bond Escrow Agent I I L ~O !
Advances from CIty/County I 195,6351 I L E~5,~35
Sale of Fixed Assets I l I I .$.0. I
Miscellaneous Financing Sources (Uses) I .'1,560l L .1,733.1 I ,."., ($3,gOe) i
Operating Transfers In I I I L $0
Tax Increment Transfers In I 1,031.174l I ,,$1,031,174 !
Operating Transfers Out c:: I I JO ,,,. i
Tax Increment Transfers Out I 1,031,174\ I I $1,031,174
.p.
I
(Xl
CD
(To tile Low and Moderate Income J/ousing Fund)
Total Other Flnallcing Sources (Uses)
I
($1,OCj2,!34) J
J195,~}~ L ..,.. J1,029,~1.U.H
H._~O_ i
J192,342. .
Statemenl of Income and Expenditures - Other Financing Sources
..::page 1':'-
12/24/2008
mf~iiJfl'!'l:~,~p1J,f:~~~~[~imt-l~~lt\;~~I,.V,.jftlt;'~b')!~,~\-~~1r~~~~~'" ~\~[f:ftl~~lfFl"iV~1!Zt.'t~"IJ!lR~'M}W~Im'iW~-li'r;~\\~~~;\3m'rfr;;I' ') ~lw.mf;'W'~-J,'l~1ft'~~.. ~(~\f,)'~~~:@&li\~:\11~~11;~t.rt~;!f!i({~~~~i::'i\~~
'J;:~I':',t.',)!hr,j.::"'~II~N','Ht'i!ivr;{~~, \~""',n":,!I.J!iJi!)l1_il,A"Jr':'J~t;'Ii1~~~iTl"l;,,;,"<\1~;-" '"m()j,J '!J:W}I'" "m' - - - ", '~il:'l='I") , "V (i) me",)' _ -, rn" "~I :i'l,t1i\) 'o,'''.J \'Jl';,.\II~tlJ.>'\.y~ );\1(1\ ,\;}:,\!\,')nih''''Al''tr''J(jI,~,\-, -., !~Ib'h,.,"
~~~~k~~u,lt,~~X;j2i&Il;:tlt:tY4~~4~~1l%r~~~~~tL~'~W~!~&~ik!!'W:~Th~~l'~\:aW2~~&'i~ltJ~r4I.t;;ki'tlb~1,f&~~1~&~UJ~;~,li1~%s~i9~l!t&jlJlljj';&id~m1?~~;1i~~t!i~W~,~~~'tjl}~1il~t&~~ii&1:~\~~~&~'1\i~"
l\%tri~1r;:~~i.~~ml~\'1'JiI1~1'j~jW~~~~~1.f;fR'~'~71f\t1fi~l~%f~~'~~;~~~;J?'~'~,\\imti\~~Wl;11~'W4~tl,i~J,)f.t'i';\IVl'Ytti~'~~.~'?~?l*i'ltf!l'll~7J!ift1.U\~*I",,~Jf~~~1'tF~~1~~~~'
,'1.\1\/' h"l;';'N~l"!\"'~';\':<;~)""o\f(ff(W'~"'[>!\Ii,~'l ~\'<~~,.~i\j~i1)\'!ii[({i1\il"I\" '~uev:alO . fUe ' L~l:t:\' en 'es, ',,,,Hila, a \@~;fran ''I - mS1tt<,'l;; , , . ftl"'Q ,'m.t! ~,\ ill,l1~~.1i,,"):J~w"'~"f"!"t,.j(U*,1';Wij1\\q('; ,iif:''j>;!-'
\if/!t;I;\p4!it~[~~;~'il~ii~;i~121l\~;.if2'~b\;tt.~i~~:~~~~'1l\:~tlI~~\~"'M:Wi~~WNIWJjc~iij~;~;jit~j;"ll\,~ti'!I~i~i'M\&t{4~i:\\f~~,~;l\"I'ili'W~t\\\:(~~~~i'hl!,\"NXi~f,~~i!tl~9',iiN'>il\l;;'IliN~1Ii~~:~"\ll'ii~\:~I;;~1'~k\J[(;';!\\1mlilll!;tZI~!Lrij!iii!a~i&t:t;~~;;~I~'i~I_~~:i1i~~MtI,~\ltiN.i,
Statcrne n t 'orin corilo:and"Ex r:j'en-[liiures':,:.ip,tiie(F..frl'a~~~ing:So u'rces "
Fiscal Year
Project Area Name
12008
ITQ.wn Center IlBavlront PrQijlct Area
Capital Project
Funds
Debt Service
Funds
Lo'wJModerale
Income Ilousing
Special
Revenue/Other
Total
Excess (Deficiency) of Revenues and .___,.:...j~1_~:?_;!r~L',_,,__" .,__~J_l~~~1,?_._,'_,__!~1!.Q~~!Z.:!.~L~_~...
Other Finallcing Sources over
Expenditures and other Financing Uses
__:!.o__I,.,..I~~ ,4 ~7,.3U6)_ i
Eq~iLy, Begiruling of Period
~_ .__._~_1_!.~~?2.'~~_._. . _.___~,~,0.1!!t?'j_~~"J_~,
I
I
J1B,1~.o;~3uJ_.~_,._...
-9,365,954 I
.JQ.J
L-
L
~.25,g.o~,~q~ .I
,(~~,3,~5.~!5~).. !
$0
.p-
I
<D
C)
Prior Period Adjustments
Residual EquIty Transfors
Equity, End of Period
L .~:l,B.4?,~3!J
13,6~(),.o.ol J
___~.!I.9L,Q1~_J____
_~'!.I,~12,lBO,943
Stalemenlof I neome' and Expenditures~Sltller'.F!i1anci~g-SOI'lrc'es':'
12/24/2008
!...
,~-m~~:.~f~~\?,lmii0';n<,' , -,at ~Tffj~ff.rimf~~~~11W[~~~J;t:o:, ~Wj;'~!~;'Q-"';''''''''''''''f'r;~h'~wi"I'!m;)''vri::;;;.i1it~:IfW,*'::~i!7'fl:l.~'trif,W"il":n-~f'i~~:m!%lf' 2l~iUHilll~~'fu~'ltliWIm'WJJ~W'~R[ffi1"rJJ~'Wo/rliimil,tifU7ilYi~r~I!~i't~;t'~1iff"-'B,r:;~lf~?j~ur~
$;':':';,11'{i{;'j;r."ill-~,;:'f>'(:rj!f~,t~~i,(it"'1,\,i''''\0D',r,.;l'.~1':j1\)i'i'i\';-;f'k~{lJ\ri~!:f;:IIi.~,~1 ' '(,", ~:~: ' U ai'Av,JSa~Ke' e,ve a 'UJen ,,'~ I enu:- ~"\~!~1x3i$,,~,\\:\;,*%:i;f~-liljg:j\j~~0,,"4.~;(,il'/N_t;'q;i~~I""";'"fi'I,'W~~;",p;:'!~;:;lj~~~'1
l:,:,~" ,..:,j!"('I;&'A-,'~r!,n,,t:,gr-i,;J~!,~*,t-'i:':;~fiii.t~~l;lll\~~'~i'~('i~~I,(&,,;N'!i.'\11 \!\I~,h::R\'J;'1'~"'1/i'h\,~,1\i;i,\.\'i1;;i.ii';'''\';W'Y't__': "",'!'('\'~i;!';:":;"':I,\'",'''!.,'':n;JJ.''I''';''-\~'',"~",,"J'i,Rr~,?,t\!~:/-). {,,"'_),;!~""~""'~l:4lN;', ,P~"~i",,"jii',1:\~,~' ~.~,"ii'i.L.,}~~);"".d"?lA~IMMt;;3~j)ik ;1()""N,,~iI;!q;l,&t, "I,,',\:I>"j#~;!:>J,
1'"_,,,,,. "".W'""" ",..fe>, ,"" ""kI.'"""""', "" '""J;l"~.,,,.'~I.,,~,,,,~,,".... , ,.'", ,"".",~,... "",",,', ,km ."""",,,,,,."""m..,,,,~ ',--'H' ;""'''-'''''''~''':''"''''I!''''''~w. ,'(,i""",,,,_, ,""".."""~",,,~,,,, .....,,'~j;/;j"'-' ""~~."""",I.....,.,",,;",,. ;,,,"" ,,,~"_I,fu.'J>lli~~,....,,,,..,.,,,,........,l1il.itJ1....,, ,=~",..."~
ptnp~*-~~~~~~~~~~1~jt.w~~~~fH\lf(*}t~~\!l1tj~~~t1111Wj~J;~r.i(~~rrl>~1;'~'im~f,>1~~w'~&W,~il~~;'I)';I~m~1i~P!w;Wr~~'g;1f,r,wIJ~'Mf~irr,4W~W:l:t}~~-if~1m~~~i"f~~~~jK\~~~m~~7,~
llliliL~I:;:;~]~g~;1tt~1%~'tt~r.r:~2~~t~itl1}lml~t(~;{J~~~;~~0fI~'~(~,~:~iN~a,~,~;~~);~~'~i~,J;1~;llt~~~li!tj:'~:1i!;\;,iJ}~!'~~:l~N;~I~~~i~\f;~~~JI~~~~~~Ejjl;,~flMi~~~e),lt~~it;IN}~m~W1~~~li~ljJm1;'it~ifd~k~]~t~t~illt:t~~
Statement of-Income -a~dExp.en'dltur"es'- Other'-~-I~a-n'cihg ,Sources
\j:'
Fiscal Year 12008
Project Area Name IT own CenterJ!, Otay Valley, Southwest Memed Project Areas ---I
Capital Project Deht Selvlce Low/Moderate Special
Funds Funds Income H,?using Revenue/Other Total
Proceeds of Long-Term Debt I I I L $0
Proceeds of Refunding Bonds I I 1 I $0
Payment to Refunded Bond Escrow Agent I I 1 I $0
Ad,vances from City/County I -.J 234.3271 J L ' $.2:J~,.327 I
Sale of Fixed Assets I 1 1 I u___ _.10.
-/>0 Miscellanoous Financing Sources (Uses) I -1,060.1102 I I I .,1:s,1,O[iO.[i32) I
,
I
CD Operating Transfers In I ,1,492,5861 I I $1,492.586
~
Tax Increment Transfers In I 1,727,4921 I .. $1.7?!,492
Operating Transfers Out, I 1 A92,586 I -, I L .. .J1!~Ei.~,~~6
Tax Increment Transfers Qui' L 1.727,492\ I I $1,727,492
::~
:,.
I"~
~'
,i"
"'-'
i~::
...:
k
,"
!i":
I;;
"
i:::
,;,.
':,
i(;;
(To tile Low and Moderate Income /-lousing Fund)
Total Other Flnanclng Sources (Uses)
I, ,(~4,?~O,~ID) J ,J,,72~,9.]:J1
JJ,!,;?,4~2 J
, ..,..$.".,1.
:;,
.J~~~~.,.~05)
;"
,::
':.
~(
":
::;.
i:
;:;
Statement of Income and ExpenditUfss - Othm FlnancJnu Sources
Page 3
12/24/2008
!~I.
..:
."
,;.:
:!':
"I
','.
"
. "..... - ....: ','_" _. .'._ ",. .:.-.-."." .... ......._ __._.0.. .. U.
S ta tern ent of Inearn e' a:rici"~xpeiidrtlir~s ,-'~"bt:h:ei:F'r~:a:n~.ihg ~'SO"u~c'e's 0"
..". '. n. .'" '.'...""..........._.....,,',' '....__._..,.c,..:..._...,'.,...'................_..,...:'''''."
~;:
"',
Fiscal Year
Project Area Name
12008 'l
[Town Center II. Otav Vall,!,/" Southwest Merned Project Areas
iH
~ :
CapJtal Project
FUIllJs
DulJt SorvJce
rUlHls
Low/Moderate Special
Im:ome HOIJ~ing RevenlleJOther
Total
iU
'\"
Excess (Deficiency) of Revenues and L..._.J~ct29LL__...E16.,".~!LJ.., .HJPL~~."."L_..__.._.!o_J, ...E.~,~O.6.4~J
Other Financing Sourcas over
Expemlitures and Other FInancing Use~
;i~
,.
':.
"
I'::
"
Equity, Beginning of Period
L .._J?,iEiL.'[~~.. L_,(g~23c5:J.1!).L....~.IJ2..~.t -~_.._!Q.J,__j~,:1~J':1~~.J
I
I
!,.:
.p.
I
CD
N
Pdor Period Adjustments
.-:
,-:
Residual Equlty Transfers
,',
::
Equily, End of Period
L $~,iGi,~?6..L ...jE,?07,2Z.UU ".~~.46~Jl.:J~.,L....,..._"..J.oJ ., ..$.6,7:11,604 .1
,
,~ '
:;::
;.:.
,,~
;;:"
~,,:
:::
!X
',"
::,:,'
H
~:
':.
li:i
~t :
"
Statement of Income and Expenditures - Other Financing Sources
-:Pago 4"
12/24/2006
::,:
"
,;:
'.
;;:
;1,:
tfl
:; : :':B~'lii"iic~rS tii~t -?:A~'~':e't~i~':~:d\J{h'~;r:ib!eBh~'>-:':
-.. ....,",._,.:-",.-..
FlsGal Year
Capital Projects
Funds
Debt Service
Funds
Low(Moderalu
Income Housln{J
Funds
Special
Revenue/Other
FUl1ds
General Fixed
Assets
:...
Genoral Long~
Term Debt
200n
Assets ami Other Debits
Cash and lmprosl Cash
Cash with Fiscal Agent 3,235,104 L
liix Increments Receivable 252,3821
Accounts Receivable 2:'6,7581
"'" Accrued Interest Receivable 20,295
, Loans Receivable 5,091,746 I
CD
w I
Contracts Receivable
Lease Payments Receivable I
Unoarned Finance Charge I
Due from Capital Projects Fund I
Due from Debt Service Fund I
Duo from Low/Moderate I
Income Housiny Fund
Due from Special I'
Revenue/Olher Funds
15,676
41,753
20,623,870
JO
. ..... . ~1J,'99,994.
" . "J315,47L
J246,75!l..
$85,724...1
l1Wkin;~.f1:~~lil4\jl{J.f,%~~:i,tWJW(:i~\~:tfi~ii~i~1;IJ. .... $~~.~.1~,~16 I
4,594,7091
63,U95 I
~,~ ;;1j!$~:.:~J~t~~~',
IviillWj~iWif;t~i~~~!R'~.f,
3,280,1811
i:'
'.',
"
,,-
Total
i
f::
",
::.
iI{m,~~'~9~'#:[r!?r~ i/',t i'" fi~Ifj\liJ)jj~~:*'t:~!~Wr~_ ~...
118",,{"i:io'<\'l';t\'!k~~
' !3.,"~,,-, .'" "._ ... '-B.
i"f!"'TT'\\,""Ri "~
,Li",..,tl,-_"^,."r,,..','1''-'''''P' l"W''''
'"'P\.j,I,\'r",~'."'.~{"/i,1.y.ill:,"i' ,.iI"..~,'d ._ .
1~;W;,f:~!t~i.)~mJI~ii\i1f.\~rtiflli,f~~'j~W~ro1~~8ff~lj___
~"',-i.i>:ot- Wh .f.Ili/:~m'J" ';"1 ffMg,'~1',':0i(,,!"i\ t.\'I!.I1J!~MXnfjjj
;ri'-.1I."", ;~'" f.-'""'-" , , '~~;';"..~"..>~lU"W'j'~",~ '.f,"il>:tl _,_
1~1;~;~i2Hrtf~%~,~~}~)I?\.I~
'~l'I'~iiL~lti t~,"~!(~\~-J'1jj),:,i, !liI,"I'.i"ilij~l!:(t,~;!t~i:YRjll~:!"I'ti:!],":(&'J
' ',,'f,:!\'o' "F''4t,-~, ~_'"'I '" ,..';;-ji._'.lr">"'ff,."ti""',IJ, ;'1'."
Balance Sheet - Assets and Other Debits
.Pags_1
12/24/2008
....10.,.,
..$0
~O
,~On
b'
..~~L..~
,$0 ,
,,$L
"
:;'i
"
:::;
~i!
f'
rP
:;;
;".
,q
,
i;'
:-, ~
f-
F-'
I:;
Fiscal Year 2008
lnvestments
Other Assets
Investments: Land Held for
Resale
Allowance for Decline In
Value of Land Held for Resale
.j:>
I
CD
.j:>
Fixed Assets: Land,
Structures, and Improvements
Equipment
Amount Available In Debt
Service Fund
Amount to be Provided for
Payment of Long-Term Debt
lotal Assets and Other
Debits
(Must Equal Total Liabilities,
Other Credits, and Equities)
Balance Sheet -' Assets and'"c:>tl1efbeblts
Capital Project5
Funds
Debt Service
Funds
Low/Moderate
lncome Housing
Funds
Special
RevenuelOther
Funds
Genaral Long-
Term Debt
General Fixed
Assets
2,621,523
1,454,964
{~f~'ii,1~)!):;Nt1j~;\~;1:iiW'\';R&:~j\:}i;, DW;PhW~!,j%m~,~~l ,..
li~'~'ibi::rLtt<<~?1~~!li~W1l:;\;W!gt:~~;~wm\f~'t~\;I,._
4,9T1,396I
1,816\
'~'f~WWi;:Pii%1KJ';tF~);'i~_;;jt\NFjl
9,916,270 I
Total
$9,053,883 . i
$1,816 '
E,2[;q,9J5 .
$0
$Q,916,PO :
66 481 6m]1 i<,!U1:1;}";:i"':I.~fi:;,'~'~I-i;~
' , \:~!/~li';:%;iIt;;1i:!i,:",?},":>;f~",;
$66,101,671
,
.!-;
~19_,q~i,41_? t
. E6,978,3DI J
JQ I,
m,3q1,206 I
, $9,928,269
r
,$9,91],3BO
. H:J1 ,~1 ~,[;68 . i
Balance Sheet. Assets and Other Debits
Pags 2
.1212412008
Fiscal Year
.2UOB
LIabilities and Other Credits
Accounts Payable
Interest Payable
Tax Anticipation Noles Payable
Loans Payable
Olher Liabilities
Due to Capilal Projects Fund
Due to Debl Sarvice Fund
.j>.
I
CD
(J'1
Due 10 Low/Muderate
Income Housing Fund
Due to Special
RevenuelOll1er Funds
Tax Allocation Bonds Payable
Lease Revenut1, Certificates
of Participation Payable,
Fillancing Authority Bonds
All Olher Long-Term Debl
Total Liabllltles and Other
Credits
-Bal~'ric~-S ii~~'t :~ij~' blI'iH~s' ~ri'({..:Oth~:;iCr~di~
Capital Projects
Funds
Low/Moderate
Income Housing
Funds
General Fixed
Assets
Ttltal
Special
Revenue/Other
Funds
Debt Service
funds
General Long-
Term Debt
87,9441
I
I
I I
L- 6,699.615 [
r-- I
I 1
I I
I
C~,
I-
I
4,493,7891
I
I
I
~:i!fi~J:g~~mt11:!K!liW&rti:~.~~;;lilMl'ltW\((~~\%~-{i,~~~~i:~~\;~~~~\
.- I~'iJli:fiiij@;;:BViID:If:P#]B:\l!;i,:(Jffj:
1;1F!tS!%)\'izt~J~~~wj!!j:<<~~!~~J[~ifll~6MrJ),%~'~!~~!t0~__.__
Ig1!f:~\',i1_t\~JWiN~i'~i~ili:Njmt~~~i'))n~~'flni@jItW;M\j~q~\~~1
1~;~rrt,,~~:,:~}i:vtf)li~';fE~1Z1~!\itj:-~::)1~$:i!;\M~f;~jI/{:~~}!:it\W;'~!WI
._I:;t~nlli1~mf._:l(I~~!:~;\\~i!!;r(~_'\!:&0:i::ijW..
[i~;~';~r!\:~~l~~[!z~~:~~'~~~_.
)\~}i~~'f~_\'M~r~.~~V!ITi '~M~~n]iiii;:!i~l~!jWW~,\;!m~)rilllJ
56,096 1
I
I
I
16,749,9121
-1-
I
I
r---
l'mEiJJ}i&i;m%~:K~~?;j~q8f'W!:;' ~%~~J:ijtlfJji{Wj'~~'! ;i\;ijltl'Wi:i~'!J.
l
li@f.~~.
~\f\:WiB~l~~)[~~fi/J:f;iMj{tli~;\IW,{if~~A~tiJl~(iW,~1If1t~~~~:~;l;l1:i~~~~!W&~~Jj
J $6,787,559 ~ _, _ $4,49~,189 . I n $16,,696,008 n I
I
J
~"-'''j''''''''''''''''I*''''W''1
32 116 206 %~J;,\'W,IWi!i';h'~r,,%\,')~r;i~
, _' \';;L,t!I~"',<i('/"~""'~'1"''''-''''''''"'ll;,,,_
__ ~.!~~ ~9. .~_~~Q6 . ..I~{l]l%li';::f;:rjI~~!~,u.m.iVkWj'~'0U;~w'U)
~Q
Balance Sheet - Liabilities and Other Credits
Page1
$141.940
$0
u~O
$01
$27.943.,316 I
___~9. ..l
$0
$0.1
JD I
.. ,
.~O I
... $32.116,206..1
$109,,388,562 I
12/24/2008
Balance Sheet - Liabilities and Other Credits
Fiscal Year
200B
Capital Projects
Funds
Debt Service
Funds
Low/Moderate
Income Housing
Funds
_ Special
Revenue/Other
Funds
General Long~
T eml Debt
General Fixed
Assets
Total
EquIties
Investment In General
Fixed Assets
Fund Balance Reserved
6.432,312J
3,392,846
5,917,380
2,118,659
8,053,724
Fund Balance
Unreserved-Des ignated
Fund Balance
Unreserved-U ndesignaled
-518,295
-4,4!J3,789
-I=>
I
CD
())
Total Equities
TolaJ l...labllltles,
Otlter Credits, and
Equities:
~.
J9,}06,863j
.lL~23,,!91J.. J10,172,383 I"
.'. _ . _ 1~._ [::,':::~:,:if;f}':::~:7',1
$g.928,269 ,
130,B31,10Q
. . . $.1",094.,42,2 . J ..113,g17,380 J_J213,97B,}9LJ,_
$,". J ., _ $72,3_01,?06 .
_J9.92o,26g1 .. t'.3.1,m..6138 _I
Balance Sheet - Liabllities and Other Credits
Page 2: ..
12/24/2008
.j>.
I
({)
-.J
. "St~te'rrient:-oY_I~ c'dht'e'~rnd:Ex'pEuldlilii~s,:~.,',iS~~m' rri~:rY;""co~'hi~'~?i;ra{I1'~'f~'i's;'iin/ouf'
Fiscal Year
2008
Operating Transfers [n
L $1.492,586
I $2.758,~66
I ,$:1,492,506 i
j . n $2,!~8,~66 1
Tax Increment Transfers In
Operating Transfers Out
Tax Increment Transfers Out
i :~
! ~ .
.- . -. .
,.,.'::'.-'.....,:.:.....,-;...',.".-:.:.......:.'..:..:::- -,,":
St,iterhentof:lncr~me:and"ExpenditUres ~_ Sumrri~ry;
Comuirled ',Transfers :ln/Out
.~,
City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Revenues - Consolidatod
Fiscal Year 200B
Captial Project
Funds
low/Moderate
Income Housing
Funds
Total
Special
Revenue/Other
Funds
Debt Service
Funds
-l>o
I
CD
ex>
Tax Incramant Gross 1...",~1o.,'l7,5,s,5,1 L $3,3'18,0.79 1 $DJ. ,...".,....lo....J..,. .E3,7~3,330 .J
Special Supplemental Subvention I _, ~9___1 .._"."--,_.~-Q---.~i-~ ..,~g.~..~_.,_.".~.,.~"_._____~___~9___.~__,__._" ____~g. .!
Proparly Assessments I ,.' ..,$.0.",1,...,$9. L... .$9. J",,,,,..,,,.. ,.,.",$".,.1,$9..
Sales and Us_ Tax I., .$.0.. '-.._,.."..$9.., t.. ,... ....."......10 ..1.. __$0...1.. $0.
Tra"si_nt Occupancy Tax L. ,. ,..$0.,1... $0.1. .,Jo. J ,.$,DJ. $0. '
Intomst Income !. u$381,5,2~ L $269,20.3 L . .,$.'l.8.~,Qf2.,.L,,,,...${)..L. _n 132,751 I
Rentnllncome L .$0 !$o...I.., ..gO,~6~..1 __$0. .1.- __Eo.,B66 I
Leas_Income L.. ~O ~ 10.. L ,.,.,.,${).J ....,$0.,1. $0.
Sale of Real Estate I.. .... , JDJ ,. $", I. ,,:, ,.$4,1,604 ,I Jo., ,t.__ $41,60.4 I
Gain On Land Held for Resale r. '. $.0.1.. j
~ " , $0. ..Jul ,.$o..,J $0.
Federal Grants I $0.1 ..__.._.$0._1.. _____~o...L- ,..Jo...1 $0.
Grants from Other Agencies i"".. .,$[)..!. . ,$()..I..,......$o....L..,.... ... $O.J.... . ,.. ..$0.
Bond Administrative Fees lon, .mu.._$OL_ ..$o.L.._...,.._.....$o....L...............${)..L ...$0.
Other Ravenu_s i E9~,17.1J. E,Q6'l, L ,$14),43.6...1..". ,. .~o..,J,.$941,2.71:
Tolal Revenues l. 'n.$H,.6'l8,~44J. g~~4,9.49J~~~~,~3?.J ,-.$OJ __H5,9~9,822i
Revenues - Consolidated
Page 1
12/2412008.
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City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Expendltllres - Consolidated
Fiscal Year 2008
Capital Projects
Funds
Debt Service
Funds
Low/Moderate
Income I-lousIng
funds
Special
RevollllB/Othar
Funds
Total
Administration Costs L .,,- $2,620,651 J
Professional Services I . J44g,2~Q J
PlannIng, Survey, cUld Design L ,0 ~.
Real Estate Purchases I ,.w'O J
AcquIsition Expense L u..$..O ~
Operatlon ot AcquJrod Property I ,oJ
-l>> RelocatIon Costs ~ ,0 J
I
<D Relocation Payments i ,. ..." $409,066.1.,
<D
Slle Clearance Costs t ....$oj
Project Improvement I Construction i $.1,01,4,19"..1
Costs
Disposal Costs I $0 L
Loss on Disposition of Land Held I $0 1
for Resale
Expenditures ~ Consolidated
. $0 J
,., $10,7~8L
$0/
... ..,$0 I
,0 J
u,O J
,,$0 J
$01
$oJ
...$0. I
$0 I
, ...$0..1
Page 1
.$630,m_L ,$() J$3,251,413
.._$6M22_L__ _.._ _$(jI.$5;5,700;
__$oJ _ ~o J $0
.$0 .J ..$0, },$O
__$0 L _..~oj.. .~O
.$5,683 J ", ..$0....1,. $5,6~3
,$OL_$O I.. $0,
_ $oj_~ol J409,0661
.$OJ..,~ol ..$0:
.,.~5"02~,16~". J . ,,' .,.,,$Q I.... ~5,I~O,5BB.
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$0
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City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Expenditures - Consolidatecl
Fiscal Year 2008
DecJlne in Value of Land Held for
Resale
Rehabilitation Costs
Rehabllltvtlofl Grunts
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Interest Expense
Fixed Asset Acqulsitiuns
SubsIdies to Low and Moderate
Income Housing Fund
C)
C)
Debt Issuance Costs
Other Expenditures lllcJuding Pass
Through PaYlIlenl{s)
Debt Principal Payments:
[
t
CilyfCounty Advances and Loans i
U.S., State and other Long-Term Debt L
10t031 Expenditures ~ .
Excess/Deficiency) Revenues t
Over (Under) Expenditures
Tax Allocation Bonds and Notes
Revenue Bonds and
Certificates of Participation
Expenditures - Consolidated
Capital ProJer.ts
Funds
Deht Service
Funds
Low/Moderate
Incorno Housing
Funds
Special
Revenue/OUler
Funds
Total
! ' ~ :
A
B
c
D
E
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L $0 I w L ...... ,....,I81,878,.,1 _eo I
t $0 i gm,897 J $0.1 .J.Q,j
r IO.. L $0 J .. ,oJ $O_J
~ .J9"J IO I Iol ,$0.'.
,$9 i
... ._.,,$~.1:U.76 .1
g43!,BQ7
19
$0
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ie3,21Q,182
. _,0 J
t
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$0.1
$01
, "'" _., _Jo_! $.0 .1
_.J9..J ,g2!0,1B2 I
,.19 !
$O~
._ _J1,090,QOO_J__
..$0 I
$9L_.
.. _Jo_. L
,JQJ__
..$0...1.
_~_1..,_Q_~Q,.q99 ,,1
$0 !
"
_$9 1_ _ $9 J eOL_Jo.J $0 ,
..$01$150,001-1 .,..,..,_$9_J_e9L ,$'60,00' .1
$6,7gQOB .~ ..., $4,60B,5~n I "$M10~,1,1,,,.l, ...,.... .IO J. _.H7,,,9Z,}16 .1
$4,8,,~,336, I _ " ($1,OQ3,6,50) L ($5,.15'1,1Bil) L _$0 J ($1,36M94)
Page 2
12/24f2008
City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Othor Financing Sources (Uses) - Consolidated
Fiscal Year
2008
Capital Projects
Funds
Low/Moderate
Income Housing
Funds
Doht Service
FUllds
Proceeds of Long-Term Debt ~ ., .. ,0. t .OJ
Proceods of Refunding Sands L $0 J. ..,..,....OJ
Payment to Refunded Bond Escrow t ...m..1'O 1 $.0 I
Agent
,;,. Advances from CUy/County J $0 J ,$429,962 . ~
I I J J
~ Sale of Fixed Assets JO ,0
C>
~ Miscellaneous Financing Sources (Uses) I ' ($1,O62,~~2) L ,JD.. 1
OperatIng Transfers In L .,$.0 J .$1. ,:l9~,586 .L
Tax Increment Transfers In
$01
..n!9J
".....loL
.0 I
. "" ..,.$.01
.,(~I,7mf
1'0 J
Special
Revenue/Other
FUllds
Total
,-;<
,,$.0 i
$0 L
,.0 J
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$0
$0
$0 .1
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...01 $429,962
..01.. .. $.0 ,
$0 I ($1,.064,1,5)
"" ..,.JO. L $1,:19,2.586'
L
?
Operating Transfers Out
t $1,492,586 J
I ..E,75B,666 . ~
$0 J
'. _ .:,. .~_o.__."~r~~':f:ll!Jr~i~~:tWRr~~1W1~~Wx\~]'n:6Wfl!1wl~i~':&~~\\~1~m:z:1mt\\~J . . . J2\ ~?8,666
$0 I
Tax Increment Transfers Out
(To the Low 8mi Moderate Income
I-fousing Fund)
T atal Of her Financing Sources {Uses} L-- _ (~?,;t_r;~./?1~L t-_. 1~.1,~?~.!,?~.~. J .. ~.J~?J?~~,~??.._
.$0.. '. .".$1,~92,506
Other Financing Sources (Uses) - Consolldaled Pago 1
.__10J ,. .m($~34,163) .1
12/24/2008
"
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City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Other FinancIng Sources (Uses) - Consolidated
Capital Projects Debt Service LowfMocterate Special Total
funds Funds Income Housing Re~enuefOlher
Funds Funds
A B C D E
Excess (Deficiency) of Revenues and L
Other FInancing Sources over
Expenditures and Other Financing Uses
(H5B,e9,~) ""H ,J82MB,O. .'.. (l2,3.6J,?47) t
~01($1,9g6,657)
.po Equity Beginning of Period L __l~J~~!1?1._.,~,___.. .._J~?"9~!39.~." 1,.....,J?1,.99.5, ?~4..L ..., _~O -' ._,.__l~~'?~?-1Ll_~~_.
I
~ I 1 $0 L .,.(~9,e.{3!i,.9.?1J L I.
CO Prior Year Adjustments ....... ~O .,...' ,.$f) J$9,3~?,954)
N j L J" L J
Residual Equity Transfers m"JO w$O .'m ,..",..Jfj, ".,.~O $0
other (ExplaIn) j .,.$o.J ,$0 I $9J .10 L ~O i
l , I $JO,17~,3BeJ JO_ ,
Equity, End ofPedod $9.efJ6,~ge..i.. ~_~!1?}1~~1_ .. $29,902,537
Giller Financing Sources (Uses) - Consolidated
Page 2
12/24/2008
California Redevelopment Agencies - Fiscal Year 200712008
Status of Low and Moderate Income Housing Funds
8ch C Agency Financial Summary
CHULA VISTA
f\ I I ALHNlI:I'; I ,j
Adjusted
Beginning
Balance
Project Agency Net Other Total " UnenR Unen~ Unen-
Area Other Total Resources Housing Housing Encum- cumbered cumbered cumbered
Receipts Revenue Expenses Available Fund Assets Fund Assets brances Balance Designated Not Dsgntd
$3,444,598 $0 $5,811,845 -$4,820,946 $14,993,330 $10,172,384 -$4,820,946 $0 $0 $0
-$2,453,699
E
~c ' Housing Housing
xpenses Debt Service Planning an
Construction Rehabilitation Adrninlstratio
Costs
007/2008 $1,733 $5,026,169 $81,876 $696,384
-
Total
~
~property
n Acquisition
-$5,683- $5,811,845
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"The Unencumbered Balance is equal to Net Resources Available minus Encumbrances
Note: Print this report in Landscape Orientation (Use the Print Icon just above, then Properties then Landscape)
Page
of 1
12/22/08
Fiscal Year
200B
MeJ'Ji'b~t's:,of:tt\e'Goverri'ing 'Body'
Las(Name'
'Fii'"stName
Middle':
"hiit'I~1
Ch~,I,~p~~son
Member'
Member
Meniber
Icox
IRarnirez
'ICastaneda
IRlndone
[Mccann
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10
I l:=J
10
J l.lorlY ~ [iCJ
] [.101111_:J D
II 10
II 10
II 10
~I 10
II 10
J [c::l1e,yl
IIRudy
I [Steve
.t>
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Member
Menlber
Meriiber
MeiUbe'r'-,--
Cl
.t>
Meniber
Member
Mailing:Address
Street 1 /276 Fourth Avanue
Street 2
Clly pUla Visl~1
Phone 1(619) 691-5051
J
I
EJ Zip 191910- I
State
02]15 Address Changed?
{\~~n~t.9Jn9!,~!,~' ,
ExecutiveJ)irector
Fis'c'ai"dffider
~'ecreHa.ry:,
,~jhn}"<I"~e..
Street.
City
State
.?fr;!g'p,~~',
Phone'
General Informa(ion
'paga:1
l'asfNar'lie';" .
IGarcia
IKaclli:lUoorian
I Crockett
~ep~~~!Pr~J;Ji:t~ed<8Y
ITiangco
lE:onna
D
1276 Fourth Avenue
!Chula Vista
lCAJ
191910- I
1(619) 409-5916 I
FlrstName
Middle
Ii-jltla[
'Phone
I
I
I
[DaVid
~rja
IEric
I ~-] 1(619) 691-5031
J lv__J 1(619) 691-5051
I D 1(619)476-5341
Independent ~uditor
~las Gin! & O'Connell
IMonna
[Edld
r==J
11201 Dove Street, Suite 680
!Newport .Beach
~
[ 92660-
1(949) 221-0025
J
12/24/2008
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.Acl~ j~~ehi~'n:t':,~rifri'f~~h6r{;'(g~~~':dlt~.d)" .
Fiscal Year
2008
Indicate Only Those Achievements Completed During the Fiscal Year of this Report as a Direct Result
of the Activities of the Rodevelopment Agency.
Please provide a description of the agency's
activities/accomplishmellts during the past
year.
(Please be specific, as this InformDtion will
be the basis for possible inc;/usiOIl in the
publication.)
Square Footage Completel.l
Enter the amount of square
foutaye completed this year by
building type and segregated by
new or rehabilitated construction.
New
Construction
Rehabllltated
Commercial Buildings
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During the fiscal year ended June 30,2008, the Ctlula Vista Redevelopment
Corporation (GVRC) continued to (ake fOllndational actions to facilitate
development activities within the City's Redevelopment Project Areas and to
improve upon the redevelopment process and procedures. The eVRC BoanJ of
DIrectors held worksl1ops to discuss organizational mailers about the eVRe,
Including roles and responsibilities, structure and processes, and Interacllon
between tile Board of Directors and staff, the Reuevelopment AgenGY budget,
OppolturLilies within Hie H Street Corridor, and revilaJiz.ation of tile western part of
the City. Additionally, the Board met with ttle 9.fIlernber Redevelopment Advisory
Committee to further discuss the redevelopment process, the eYRe's and RAC's
roles and responsibilities wllhln the process, and opportun'iHes for the eVRe and
RAe to collaboralively promote and enhance public involvemenl in ttle
redovelopment process.
IndustrIal Buildings
PUblic Buildings
Other Buildings
Total Square Footage
Enter the Number of Jobs Created
from the Actlvltles of the Agency
~
o
(J1
01
oj
Types Completed
I
A=Utillt]es B=Recreation C:::Landscaping D=Sewerl Storm E:::~lreet51 Roads
F=Bus/Transit
r~
To provide additional resources and savIngs to the Agency, the Agency refundert
the 2000 Tax Allocalion Bonds (TAB) for the Merged Chljla Vista Redevelopment
Project Area. Tl10 refunding allowed the Agency 10 issue bonds 10 (1) refund all or
a pari oftlle 2000 Bonds, (2) to repay $3,732,000 to the General Fund, (3) to fund
$800,000 of streel improvements and (4) to prolJkle cashflow savings in the next
'five years.
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Unfortunately, in the past yellr Chula Vista's and the nalion's economJc conditions
worsened. During this reporting period, the Agency reviewed and/or approved
projects and executed sevelal ENAs. GivBnlllB current crad[[ cdsis and low
cOllsumer confidence, the Agoncy is currently experienclng a slow down and in
.' ',.', ,,' .'
:Acliie:~ein ~.Ii I ":1 i'ifo rJ~:atjon'::( (J i'{a'lidited)
.12124/2008'
~'1;~~:::jW!;II~~,\~\~,,1~;r&w)nr~~~fIW!.t!fimWli!bWl,%\~l~nm}iW~'?f.W~~gI&WN1~Jf,;I\~UtJ8~l'!1:t":f~~;i!I.l.~~;I,jlWl.~:t~WI't;);~;'\'\~/~rc~'j)fiiWf)Y~WQ!:I~H;\!ri~lil;1;~ri)<~l;('.1)r~V~i;~t'{~~~.ill:X;l~Y'~\iiV"il&i~~1'~~\~~xtJlij~;\4JW~~#~i~i;,~1r~:&ifjJ!!ljl;aitfi[lf~W~j~~I'Ml~J\ttl1~~l:,\lW~~~t~!l1-
(lMiL~;p-;'! f,~~1i;Ji.l1t9t~ll!f{~~t)'~~~~~4it'~1~~L~ll~lJ.~:,11.Lfl~~'o(itf.$.:~~w:~gM.~~(l~P.J)1qO:,'ffAm:J.~119.Y4K~illfrl~~~j~~~~~~~&ti~~,~~,~~~\\<.~~
..,.:,.
..: ',' - -: . " ," , , ,'; -"...." '" . "'. .,:~: "--.-~-'...':
. " ..l\ C ~ \ h:~ V~.111 ~~, ~ : ~,~.f.?~ln a ~ 16 n .:( ~ ii~.l.~ ~ i.~~.~ L: ,"
some circumstances a halt jn development acllvily.
In the [)ayfmnl project area, a joint San Diego Port Authority arHJ the City Rayfront
master planning effort is undelway to help facilitate development of the largest
parcels of undeveloped watmfront property in California. In order to Increase the
economic tJnveJopment potential for Ilia land south of H Streel adjaceli( to the
Marlna In Ihe Beyfront Redevelopment Project Area, the Agency had prevIously
entered into a series of agreements with the Pori of Sail Diego and SF Goodrich
to mlucate and consulklate tile campus of one of tho City's largest employers. In
accordance wilh the terms of the reJocation agreennml, the Agency trallsferred
, ownership of tile Rados property to BFG.
, In Town Cellter J, the Agency entered into two Exclusive Nego.liatJng Agmements
for properties, currently owned by tile Agency and used as puhlJc parking, within
the Ttlird Avenue Village, the historic uowntown of Chu!a Vista.
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Tho Agency continued 115 efforts to provide efficient public parking for patrons and
ernployees within the ThIrd Avenue Village. Parkino is considered an integral part
of tile City's efforts 10 improve the viability of c.luwntown ChuJa Vista. The Ageru:y
cornpJeted tile Downtown Parking Managemenl Study and approved an interim
action plan. In tho noxt coming year, sta/fwill prepare a management plan for the
downtown parking district
r.~
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In Town Center II, the Agency entered into an Exclusive Negotlatrng Agreement
with a developer to look allho former City corporatipll yard ("Corp Yard") located
at 707 F Stroot, adjacent to the E Street Trolley Station. The Agoncy WId the
developer have an existing ENA for Iwo motel sites located Immediately north of
,the Corp Yard on the ijollthwest corner of E Street and WoodJawn Avenue ("E &
Woodlawn ENA").
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The Agency also began discussions witt1 (he Sweetwater Authorily ("Authority") to
potentiaJly relocate tile Authority's administrative operations to the new
commercial-amce space lllat wouJd be provided wltllin the proposed development.
!~
In Southwost, on .JallualY 2008, Iho City slollU with community pSl1ners embarJmd
upon a communily-building Initiative JIl Southwest Chula Vista, Tile hope Is tllal
the Southwest Unitec1in Action iniUatlve wj/l create networks of staketlOlders thai
I bulld new partnerships. r.realo underslanding 0/ community priorities, and attract
and leverage resources to lake actioll. AdditJonally, !tHough ll-Ie City 0/ Chula
Vista's stew~rdship of the process, Southwest United ill Action is striving to
^ chj~~e~' e hi ,,'j.;; ~o rrry ali8;j \Un ~ lidi led)
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t:1i"",..""J;:Ii,,,,,.fr:!~;'~;q"'\.I,,,,,=ii~LlIl'll',~,,N~~~![i,\"~,-..~t,,,;~JZWil$1tiL."su "1i~~);;{":li>'.M_4'll-J\_l9J:a,,,:J.:a, _~.",IIX~.g;gYI.1~. ,QH'.'J!m~,_.lt.\ ~!i~~3j/,;:,~:OO.':!f}~i~o)l'...."i.dt!.l.*iiA:'1~btl~!m~t,i.iL.'<h.~~,#[m:&)}};*,.,..,rIk"!lt~,~l~~,t,,,,,,,,jj
:;:-
. , , . - - , , , . .
. :.'.::- ~.~~I.iieve.~ :.'~'(!il fdr":a~.i611":,lOn'a~~~~J!e(])"
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provide new opportunllies for Ihs communily to have a stronger voice irl local civic
liFe III ways that are relevant and cultlllally-serrsiti\le 10 the cOllllTlunily. This
process aims 10 identify and support those opportunitles, as woll as the
community's priorities for improvement initiatives and tile appropriate partners
Fronl all :lectors of tile commwlity.
On the development front, no actlvily was completed. Several projects were
apPloved:
- Small ware~lOuse/offlce building on the nor1tlwest corner of Stella Slreet and tile
Palomar Streel.
- Dovelopment of a mixed-use pro/eel which includes 154 units and 5-1 a,OOOsf of
retail space at 765-795 Palornar.
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In Olay Valley Road, Ecology Auto ParIs, Inc., tile largest auto dismantling and
recycling business in San Diego County, was granted and extension of itsexisliny
Special Use Permit to March 31, 2020 for the continued operation of its business
at 850 Eneryy Way.
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In the Added Area, the Agency entered into an Exclusive Negotiating Agreement
with a developer for the development of several propertles located in \tIe City's E
Street Visitor TransiL Focus Area (UTFA"). The proposed ENA propertios consisl
I of two existing hotellmolel sites that comprise locatod irnmediately adjacent to tho
E Street Trolley Station.
.1 Square Footage Completed _ Direct Result of Activities of the Hedevelopmenl
I Agency
Commercial 0 sq feet
Industrial 0 s'1 feet
Public 0 sq feel
Ott~~_.~uild!!.!g_~_"Q__~JQ,~L_. u_.. _.._...___ __ _ ._._________..._.._.._ ....__"_.~_....______._~.___
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Achievement Information (Unaudited)
..,1212412008.:
:i.
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Fiscal YeaI'
200B
Was the Report Prepared from Audited Financlal Data,
and Old You Submil a Copy of the Audit?
Indicate Financial Audit Opinion
If Financial Audit is not yet Completed, What is the
Expected Completion Date?
Jftlm Auuit Opinion was Other than Unqualified, state
Briefly the Reason Given
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Was a Compliance Audit Performed in Accordance with
Health and Safety Code Section 33080,1 and HIe Stale
Controller's Guidelines for Compliance Audits, alll! Did
You Submit a Copy of the Audit?
~
C)
CO
Indicate Compllance Audit Opinion
If Compliance Audit is not yel Completed, What is the
Expected Cornp/elion Dale?
Audit Information
"Auditfnfo't~iatioh
Yesl
Unqualifieu I
[
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If compliance opinion Includes flxceplians,
slate the areas of non-compliance, and
describe the agency's efforts to correct.
~-
[Unqualified
:pag'e:1
12/24/2008
FiscalYeaf. 200B
Project Area Nainll
. ,'. .
" ' ' .,.', ',-,.,.', ", , - .
[~";t1' Cent~fltl3ayf~~t1tpr~J~~tArea
--~ -,-
]
Please Provide a Brief Description of
tile Activities for lids Project Area
During the Reporting Year-
.p.
I
~
In the B~yfronl project area, a joInt
San Diego POll Authmily and the
City Bayfron! master planning effort
Is underway 10 help facilitate
development of the largest parcels
of undeveloped waterfront property
in California. In order to increase
the economic uevelopment potential
for Ihe land south of H Street
i adjacent to tho Marina in the
Bayfron! Hedevelopmenl Project
Area, the Agency had previously
enlered into a series of agreements
with the Por! of San Diego and SF
Goodrich to relocate and consolidate
the campus of one of tho City's
largee! employers. In accordance
wllh tllO terms of the relocation
agreemellt, llle Agency hal1sferred
ownership of the Rados property to
BFG,
o
CD
The Agency entered into two
Exclusive Negotiating Agreements
for proportles, currently owned by
the Agency and used as public
parking, within ttle lhird Avenue
Village, the historic downtown of
ChuJa Vista.
Forwarded from Prior Year?
Enter Code for Type of Project Area Report
P == Standard Project Area Repurt
L"=; Low and Moderate Income Housing Fund
O"=; Other Miscellaneous Funds or programs
Does illS Plan Jnclude Tax Increment Provisions?
~,fiJ~1,~~tYid~i;'f(,~'~1
I
pi
A = Administrative Fund
M"=; MOllgage Revenue Bond Program
S "=; Proposed (Survey) Project Area
r--
I
I
I
I
I
YesJ
711/1"741
7/28/2~
Nol
4~
Yesl
Date Project Area was Established
(MM-DD-YY)
Most Hacen! Dale Project Area was Amended
Old ttlJS Amendmenl Add New Territory?
Most Recsll! Date Project Area was Merged
Will this Project Ares be Carr)ed Forward to Next Year?
EstabIJslllHl Time limit:
Repaymen~ of Jndebtedness (Year Only)
Effectiveness of Plan (Year Onfy)
New Indebtedness (Year Only)
I
I
I
I_
I
20:Jllj
20291
2U29\
1,1741
3,01
Size of Project Area in Acres
Percentage of Land Vacant at the Inception of tile Project Area
Ne~JtlJ and Safely Code Section 33320. 1 (xx.x%)
Percentage of Land Developed at tile Inception of the Project Area
f/eaflh and Safety Code Section 33320,1 (xx.x%)
Objectives oftha Plojecl Area as Set Forth in the Projecl Area Plan
(Enter tile Appropriate Coders) in Sequence as Sf/own)
R :; ResIdential ] 0< Induslrla! C:; Commercial P '"' Public 0 = Other
97JJ]
I
RICPOI
Project Area Report
. Page 1
12124/2008
Fiscai'fear .2008
Please Provide a Brief DescrJptlon of
the Actlvltles for this Project Area
During the Reporting Year.
.p.
I
In Town Conler II, the Agency
entered into an Exclusive
Negollating Agreement with a
developer 10 look al UlB fOflner City
corporation yard ("Corp Yard")
located at '/07 F Sireel, adjacent lo
I the E Street T (olley Station. Tile
Agency and HIe developer have an
existing ENA for two Inolel siles
located illlflmdiately north of tlle
Gorp Yard on the southwp.st corner
of E Street and Woodlawn Avenue
("E & Woodlawn ENA").
~
~
C)
i The Agency also began discussions
! with the Sweetwater Authority
("Au!hority") to polenlialJy relocate
tlle Aulllorlty's arJminislrative
operations to the new cOInrnerdal-
office spaCe thai would be provided
within Ihe proposed development.
In Sou(hwte~l. on JanualY 200B, the
Cay along with community partners
,embarked upon a community-
i bUIlding Initlatlve in Souttlwest Chula
I Vista. Tha hope is that the
Southwest United In Action initiative
will creOlle networks of stakeholders
ProJecth'ea:.Report
Town Center II, otay Valley, Southwest
Merged Project Areas
FOIwanJed from. PlioI' Year?
Ent~r Code for Type of Project Area Repolt
[J '" Standard PrQject Area Report
L'" Low and Moderate Income Housing fund
o -- Other Miscellaneous Funds or Programs
Does the Plan Include Tax Increment Provisions?
Date Prajeel Area was Est@blisl1ed
(MM-OO-YY)
A'" Adminislriiltive Fund
M'" Mortgage Revenue Bond Program
S "" Proposed (Survey) Project Area
I Yo,1
L-~~
I 7/25/20061
I Noj
L 12/112000]
I Yesl
Mas! Recent Date Project Area was Amended
Did this Amendment Add New Territory?
Mosl Recent Date ,Project Area was Merged
Will this rrojeet Area be Carried Forward to Next Year?
Established Time LImit:
Repayment of Indebledness (Year Only)
Effectiveness of Plan (Year Only)
New Indebtedness (Year Only)
Size of Project Area in Acres
Percentage of Land Vacant at the Inception of the Project Area
Health and Safely Code Section 33320.1 (xx.x%)
2049)
20~
20341
2,4561
7201
Percentage of Land Developed at tile Inception of tlie Project Area
Health .J/ld Safety Code Section 33320.1 (xx.x%)
Objectives of the pmjscl Area as Set Fortll in the ProJed Area Plan
(Entet Ow Apprvprfate Coders) in Sequence as Shown)
R '" Residential I '" Industrial C to: Commercial P '" Public 0 = Other
28,01
L~c~.
12/24/2008
.l:>
J
~
~
~
Fiscal Year
200B
Project Area Name
-I
To:wn Center IIBayfronl Project Area
Frozen Base Assessed V~dualjon
L252,5B5,4BBJ
1,_3~7ZI4,1~BI
I 590,299,6!i61
Increment Asaessed Valuation
Total Assessed Valuation
Assi:iss~d\iaJ~atfbn:ba'[a .
1l~]l:(Wtw:;i~~&~~1@1~~*g~~~~~~1~l~\~~~~1Ij~~titm~ili~lilii~tDI'lJr~~Il~lllii_liaSIIJ}l,I\*"li_~%!~~~iijll~ili11
Projed Area Name
TOWII Center II, Otay Valley, Southwe~~
PmjectAreas, . ~
Fiscal Year
2003
Increment Assessed Valuation
~~ 702,901,B531
LB20,B19,!'22!
I 1,523,780,8751
~; !
Frozen Rase Assessed Valuation
Tolal Assessed Valuation
! ~ :
I;:
.p.
I
~
~
:<
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L ~
N
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i'
,
i::
I
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1"
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,::
!'
j'.
:Asse;'-s'e~i'YE\rua(ion Da~a.::;:"
.j:>
I
~
~
w
Fiscal Year
Project Area Name
Amounts Paid To Taxing
Agencies Pursuant To:
Counly
ClUes
Scllool Districts
Community College District
Special Districts
Total Paid to -raxlllg
Agencies
Net Amollnt to Agency
Gross Tax Increment
Generated
[2008 ___J
"Pass';'Tl1rQughfSch'd"6f:blstrrd<AS$i~tit'tl;~~>'::" .
~I~ Center \JBayi~ollt Project Area
Tax lncrement Pass Through Detail
H 8. S Code
Section 33401
I
I I
1----1.
I I
~ .:$0 I
I
i::
I::
::'
"
::-1
Ic-'
Other Payments
H & S Code
Section 33876
1-1 & 5 Cadit
Section 33607
Total
H & S Code H & 5 Code
SectIon 33445 Sectron 33445.5
77,644
,',
54,313
.154;.113.
I
I-
I
I
n~O l
140,780.1__ _.,..H102~0 J I
14,900 L $14,9_0gJ ..J
7,464 ~__..,__ ____E~~1~~llj%1f;il~i~~1f,ti\~,~{;t~IW:~WN\(m1~;"ji~~;{}@m~;ii1~~l:i~iW!J
'p2Q~,_3011_'n E9~A.01.j, $oJ, . $0
. - ~
I>;
::';;
Pass~Through.J School District Ass!stance
"
"
i
.12/24/2008
(
i~
,:.
(i
HI
,::
Fiscal Year
Project Area Name
Amounts Paid To Taxing
Agencies Pursuant To:
County
Cities
School Districts
-1>0
I
~
~
Community College District
Special Districts
-1>0
Total Paid to Taxing
Agencies
Net Amount to Agency
Gross Tax Increment
Generated
@98
~
.:;:
"',,
::'i
....
Fn Center II, Otay Valley, Southwest Merged Project Areas
Ttlx Increment Pass Through Detail
Pass:'" ThrougHfOS'ctio-ol'Disiricl Assistance'
H & S Code
Section 33401
1--- 630,802 1
I
1-' 70S,0371
I
I
L _E443".S9S J
70,692 [
37,0641
l
r;'
Ii!
Other Payment!:>
H & S Code
Section 33676
H & S COl.lO
Section 33607
Total
H & S Code 1-1 & S Coda
Section 33445 Section 33445.5
.'
k
.'\
I
L
I
I
I
_~9J
s:
149,514, _.$780.316,
1 05~gB71 ~1.Qe}Z~,"~"jf~*~rHl~~Ni)Y'V.;I~~\rt!M2I!ilJ? i1!'~~~:Wl&b.Nf11fiY,:~~t1l~~;,~~;ill
280,820 I... ___,l98,5,B.5L I
29,575 i ,. _,lJ(]O,2~J
'.
18,767 t ._.____uj,~'-?_~J____jillim.fw{i~Jl)WA~~1~~1
,!?Q~,~~~L_,l"O,B,2.5.5L "'.__. ~O .1--
~
, _ .~9...i
,
:',
,:- ~
12/24/2008
;:,
,,"
ii'
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I
~
~
(J1
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l:::
It
!':;'
i::
Fiscal Year
Project Area Name
2008
-,;"
Tax Allocation Bond Debt
I
I
r 992,210 I
C-5;218,180 I
l 16 197:1271
CJ9,7D3:6011
I . $8D,~8~,"3~.1
L 4,328.~
~,. --~.~~?,?[).!.!_~.~~ j
Revenue Bonds
Other Long Te1Jl1 Debt
City/County Debt
low and Moderate Income Housing Fund
Other
Total
Ava1\abl{'l Revenues
Net Tax Increment Hequlrements
,',',
',;
ti
\!
,~ ..
f:;'
Ii.:
",'
sumlri~ ry :'c;r,!he :~ta'tem snt 91Indebledn'~s5:~,'~',r6JeCl-.Ai'e_a
,;'
"
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I','
'I
I fc';'
::"
'....,..
I,'
',::
':',
>':
Fiscal Year
2008
Project Area Name
en
Net Tax Increment Requirements
L_Zti.s02,993 I
I :::=J
L '736,329]
C 32,703,7541
C=23,466,9R91
I 34,924,870J
L ,. $117,334,944 J
L 18,476,059 I
J .~_~~~BEn.~~~~_J
!:'.
Tax AJJocEllion Bond Debl
Revenue Bonds
Other Long Term Debt
Cily/Counly Debl
Low and Moderate Income Housing Fund
Othor
"
h:
-1>0
I
Total
i;
~
Available Revenues
~
(:
,,,
,"
i'
,{
~' .
Agency LOl1g~Term Debt
Fiscal Year
_ PrD~ct Area Name
[2008-1
[iown Cente~front Project Area
:=J
FO/ward from Prior Year
~
Principal Amount Unmatured End of Fiscal Year
~CounlY Debt
I ~
C 4,S~
1 4,888,905j
Operations
I ~
I 20241
L.- $4 ,807,.o4~...1
L -1,3451
Portion of prior year Interest Added waJ
IfIcorrectly added 10 Town Center
I/Bayfronl rroject area. '_
C 195,6351
L _J
I I
L J
1.$4,80:'334.1
C___..J
[ I
.p-
I
~
~
Bond Type
Year of Authorization
Principal Amount Authorized
Principal Amount Jssued
Purpose of Issuo
Maturity Dale Beginning Year
Maturity Date Ending Year
PrIncipal Amount Unmaturod Beginning of Fiscal Year
Adjustment Made Durlo"g Year
Adjustment Explanation
-..j
Interest Added to PrinCipal
Principal Amount Issued During FIscal Year
PrInCipal Amount Matured During Fiscal Year
Principal Amount Oefeased During Fiscal Year
Principal Amount In Default
Interest In Default
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation "Nolos; Financing Authority Bonds; City/County Debt; US;State;
Loans; Lease Obligations; Notes; Deferred Pass-Throughs; Deferred Compensation; Oilier
Agenc'Y"Ld~'fi~~ er"riCDe'bl
'12/24/2008
Agency Long~Tarm Debt
Fiscal Year
Project Area Name
Iill.L
[Town Center II, Otav Vallev. Southwest Merlled Proiectll.ffi-;;;;-
FOIlNBrd horn Prior Year
Prim;ip~1 Amount Umnatureu End of Fiscal Year
Principal Amount In Default
[City/County Debt
1978\
61~~J
61,489,9341
IOperations
1- 19701
I 20301
~__ _E5,714,20U
I 1,:J451
Portion of prior year Interest Added was]
incorrectly added 10 Town Cenler
IlGayfront project area.
[ 234,3271
L_=.J
I I
I I
I $25,949,B73 I
L_~.--J
I I
.j:>
I
Bond Typ~
Y car of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
Maturity Dato Beginning Year
Maturity Date Ending Year
Principal Amollnt Unmatured Beginning of Fiscal Year
Adjustment Made Durhlg Year
Adjuslmerl\ Explanation
~
~
ex>
Interest Added to Princip~l
Principal Amollnllssued During Fiscal Year
Principal Amount Ma.tured DurIng Fiscal Year
Principal Amount befeased During Fiscal Year
Interest In Default
Bond Types AllowerJ:
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation: Tax Allocation Notes; Financing Au(1lOrity Bonds; City/County Debt: US;Slate:
Loans; Leasu Obllg~lions; Notes; Oeferred Pass-Tllroughs; Deferred CompenJ:iation; Other
-12/24/2008
Agency :Long~TemfDebt
Agency Long-Term Debt
Fiscal Year
Project Area Name
[2003 ~
~n Center IIBavfront Proiect Area
Forward from Prior Year
Bontl'rype
Yoar of AuUlor(zaUon
Principal Amount Authorized
Principal AmoUll! Issued
Purpose of Issue
ILoans
i-------wUiij
[ 387,1611
~' 387,1611
Principal Amount Unmatured End of Fiscal '{ear
To Fund FY 01\-05 ERAF Payment to the
Counfy of San Diego
L 20051
C- 20151
~.. ~_~.?E\~.~~.._j
I__~
I
I
c=
1
[
1_,,$291.021,
1
I
.p.
I
~
~
Maturity Dale BeginnIng Year
Maturity Dalo Emling Vear
PrIncipal Amount Unmafurod Beginning of Fiscal Year
Adjustment Made During Vear
Adjustment Exp)an~tlon
Interesl Added to Principal
Principal Amount Issued. During Fiscal Year
Principal Amount Matured During Fiscal Year
PrincIpal Amount Defeased During Fiscal Year
]
]
35,420 I
-I
I
I
I
w
Principal Amount In Default
Intorest In Default
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bonds; CSltificate:;; of Participalion; Tax Allocation Notes: Financing Authority Bonds; Clty/COUllty Debt; US;Stale;
LOf.lllS; Le.ase Ob.iigal1ons; Notes; Deferred Pass-Ttlroughs; Derened Compensation; Olher
.^gellt:YJ_otfg~TernJ:.Debt
12/24/200B
....
'::
"
Agency Long~Term Debt
Fiscal Year
Project Area Name
~08 ~I
~n Center II, ota~ Vallgy, Southwest Meroed Proiect Areas
::'i
Bond Type
Year of Authorization
Pdnclpa\ Amount Authorized
Principal Arnounllssu8U
Purpose of Issue
"
;.,
r
Forward from Prior Year
~~~
Principal Amount Unmalured End of FisGal Year
Principal Amount In Defdult
20~
377 .839l
[ 377,~
To Fund FY 04~05 ERAF Payment to th;l
County of San Diego __--1
1 20051
1_ 20151
I- __ _ I3<1_8,_?~~_"..I
I I
1
[
L
[
I
i
I
I
t__~
L
.P-
I
~
Maturity Date Beginning Year
Maturity Dale Ending Year
Principal Amount Unmatureu Beuillning of Fiscal Year
Adjustment Made During 'Year
Adjustment Explanation
Interest Added to Principal
Principal Amount IRsued During Fiscal Year
Principal AmoLlnl Matured During fiscal Year
PrIncipal Amount Defeased DurIng Fiscal Year
I
I
34,581 [
J
N
C>
$203,~l8 _ J
~
1
t:
Intersst In Default
U ~,
Bond Types Allowed: "
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authorily Bonds; Cay/County Debt; US;Slate;
Loans; Lease Obligations; Notes; Deferred Pass-ThrDughs; Deferred Compensalion; Olher
Agency Long-Term Debt
1212412008
Aaeney Long~Terrn Debt
Fiscal Year
12008 _J
ITown Center IIBavfront Project Arttil
Project Area Nam~
Bond Tyre
Year of Authorization
Principal Amount Autllorized
Principal Arnounllssued
Purpose of Issue
,=:]
Fo/ward from Prior Year
Principal Amount Unmatured End of Fiscal Year
Principal Amounlln Default
ILoans
L
I
I 586,B30 I
ro Fund ~Y 05-06 ERAF paymen~
County of San DIego.
I 2006]
[ 20161
I $548.970_1
1- ]
L_
L
l I
C---50.4BO]
I ==:J
I
L
I
20061
586,83~
-l'>
I
Maturlly Date Beginning Year
Maturity Dale Emling Year
PrIncipal Arnount Unmatured Beginnlnu of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount Issued During Fiscal Year
Principal Amounl Matured During fiscal Year
Princlpa! Amount Defeasad During Fiscal Year
~
~
N
~
,,$49B,490 ,I
~
I
Interest In Default
Bond Types AIlowe{l:
Tax Allocation Bonds; Revenue Bonds; Ceiljfjcale:;; of Participalion: Tax Allocation Noles; FInancing Authority Bonds; City/County Debl; US;Stale;
Loans; Leese Ohligations; Notes; Defen-ad Pas5-Through5: Deferred CompensaHull; Other
Agency Long-Term'Debt
W241200B
"ffiW{~:;:li,l'F,F~'{'fli3f!,tc.dN1i\(i1'~*~W;I!tm_;M~I?;1t{~!b~'~~~~~'ml' ~rl'\1~'!'f,\1;mt;~!-I~{!Z~~n!i ,fl'~I'<<\\lP]!\li~'tF:'!~'~W- ..,.,1, In,''t~\\t';!;!f.W\&rl_i,&~~"\i['~I~!~-_-*~\iJ1'l~ftlillt~,,~ .g~w~fRl(Wh("ffli'T;~~
q;:-"i'jt.'~ii,;"t'r~"~1W";'->~':':rf,~;"10\~i~~!R\'1prli'l1\\,0iJ,;<lj~\',\\~Jljh,f:':ll~~~\}~~llY!jWI i;~r~U a. i:VJlsa 'Ixeug: ,e uPQ1J~nt 'rn' en'c.M[ct1"1l!-l~~ y l'v,i1i~1.~!;~~'*)I(\.\1~l,g~,)~~~\",~~~, _1;;j:!.ji('-:l\~((,'Vf';;"~L~
Ei;;:;:i;\~j:i;Jit%lN~~i1fi%~k,;'~:'~\f~)11W,lk~~i:~'l.:lJ.lr\~:;,~~Zd')'iU;'iK(W;~iti\l{i~aii'::'~\i\lili1k\t;':\JiiTi~:lt\)~~r~ti:}~t,\tJ~1~~i?~%1O,i0ji);'I\fJ:w:%\i!),ll'iHj~\'iWtl'L~j,~~':&.t@1;~~;,Lj;!;~,.o\Wl~~fiJ!i\.tM)~O~olI:'lM~:lr5\'i:!)jJ'k1~~1.it~~~rw~\1~1]YI*;;\~1t't~i\t\I0~
W!l~i~:0'~:m\%t"'m~~iiYf,V&.I'{!i~=~'1~Y.~[(~;II\f&'~i!\.r~T~R';1i1'M(;r'"'\~w(~\tiflr~\10'U\~\tnjW".tS~'4IT';li~i\1;~-l'N'!ilt~W~t:ri!2~~I~I!J{!Wf1Irw&W\"~~I~re.'-i'ffJ1(IJ:I'i'))VM:"iJf1t,"';t!:iY,tf\'.0)R)R"~'\'~~1~,~~:~'t1I&:fj,w1.i~~W:<~~~t~ili(~tWJ;litl\1:t~I~K~ai
iJ~~~1f~~~(l.~~.f4~a~i~;&.t,.d~,M,gNjgJ21~I[l~lnJ!~g.g.fl_~:L~...;.t!8Jllf.!.!l~?1J!l!i!J.rJi!!l~,f.!~LJQ[1~..:t~g.H.QJ)!11:~l.m'i~f1'1.u~~~~)1.';~~~~~'i
Aoeney LOf1g.~rerm Dobt
Fiscal Year
Project Area Name
12008
ITown Center II, Otay Valley_. Southwest lV!erged Project Areas
l30nd Type
Year of Aulllorization
Principal Amount Authorized
Principal Arnount Issued
Purpose of tssue
12.!i't~{li!l':~~
Il_oans
Forward from Prior Year
1
L
1
20061
343,170 1
343,170]
To Fund FY 05-06 ERAF Payment to the
County of Sari Diego
20061
20161
$3~~,U.~~" J
I
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
Inlerest ]11 Default
1
L
L
L
I
I
1
1
I
I
I
I
N
N
Maturity Date Beginning Year
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount IsslIad During Fiscal Year
Principal Amount Matured Dl1ring Fiscal Year
Principal Amount Defeased During Fiscal Year
29,520]
I
mn __ ED.~,.~ 10 J
1
I
.p.
I
~
Bond Types Allowau:
Tax AllocatiOlI Bonds: Revenuo Bonds; Cerlifjca(e~ nf ParticipatIon; Tax Allocation Noles; Finf!l1cing AuttlOrity Bomls; City/County Debt; US;State;
Looms; Lease Obligations; Notes; Deferrer! Pass-Tbroughs; Deferred Compensalfon; Otller
A\Jency'Lr:ng'.Teriii'~beli'. .'
.::. :....'-12/24/2008
1~\",i',W,\i'1;it~\ii7:~i11;b."I!fi',{t:f~I)i:~;;'~l';):'!)::W;~H'~\ji;r-~:;ii,\~;~11i~':).'t\Vi\r1;th\W((~(f,~:'l'/t.iy,~';:10';>\I};'1~~h!-!,!,~\,,~rl!:;i("~'{:il,i.;,t)j;,,)tKt!;lR""1-1\iUEi~~VY~;~WI\~j\ti\11illli'Jftwt~~!);\wml'lWt1l~,fr~~~ti\'i!!:ry,~I'~r:\~t1::;()~N!~rll\'~1~\~'IQ\!:iKi,*!~M'1j)Y\'C\:~:j0f;~t1?ii~~Xm;~'ij;j;fI'1~\IIil
~&~';i;!"~~IJ!<i~jj;l{@fi'i'.\'1.M2'~~1':i:"~Jl;""'l'.l#f'r}~,~ii' !:, '\'\~i1fu~..._-,i~'~r;:Jili~\i:r1 ' _l\.: ",W\::i' , 'U a N:IS'l,:ai,\ ' 6ul:;Ve' 0 nlnenl,;~'MfT1eNCJI1'\t~;~~,.,r-' '~h~_:i:'~\':l!-l~'\\1I!' '~)v):\ ~~j.i}~~~~"~:~~':';^~'1 "~~\j'~ti~'
w:;,;;,;lti:;';i;'dt$,iih'!'~\>.'.;J;\'l'i'_~!&~_,,,,~~,{;l~"!'"J' Mw~ "t!'i;:W' ;lll .11/,'''''' ,.'1k!,.,'i;""lt'~"~l'1<,~~;.04I "',"""1_4\l,"'~'II';::""'f'Mo\;,~M;,!,,"Dl,,,;;~'~""11'W.~'>\"'~~'-"&',-;\ ~-.f~\1.~~,\\... 'Io)Mh~ '''H~;g_ ,..,k : (' ~)W~ ,. }'SJ'-'~il.'.i o/~~\7il~~..~,"i'i~
,~"",......._,~,."."t"'" ,'.."i~,.",.,~,~:",-:GlT "'''''''''= ....,.. ~".......,__.n::.'\iJ.","",-"""""" ,'..'."''';''IW....;.~....".:olW'''';U;.,~..'''..~.........", ~Q_""=''',~,""~,, ..,.... .""",."" .vc/;,,"" . .~ .,-....
f~t~F~~~~qfiH;:~~ym1f:F1J.(ill.:~~%lill!!;1~~:t~t~r,!'afiD.~r~IT;1~~~~(!,\lU~~~,fiW.I\'~~i::~1NiZi~~~i:$t'1~ffi~~:Ml~if&~~~~~L~,rD,~~~!~~,:?~Aft.I\%\ft~K~~'~1\%~fymIt1~~~1nr~
,;",';l,":"\"'"."",'ijil;(-i,)".l~;,>IJ,':,il\i:':,,"V<i"'i&;'~:I",11~j~)Mi,J!1~'~"}"~,^""~."";,m,,,,Qt!Ul~tJ.'~.j,,,,,,,~,~;uSt.. _'ftI",""t"~.!1.,,,1,,,~",,.;1'l'l;^"~ w,..,....~,l)~i~.,,,.;~\i!;qt"w.;l;l,~I~~fJ.!';~,,\,,,!il,#~,~ll..~,.i/.\.1\~,.iM",h\l,hw\"\l-,,\~~,,;,~,,;,,\lle1.~''''r''t~
Agency Long-Term Debt
Fiscal Year
12008 1
lJ~wn Center II, Olav Va!!!rl. Southwest Memed Project Areas
Project Area Name
~
FOIwaro from Prior Year
,y:~\~~tlll,:~~~J~~BT1\+,:,~,a
Bond Type
Year of Autllorization
Plincipal Amount AultlOrized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginniny Year
Maturity Date Ending Year
ITax AlloGation Bonds
L 20001
I 17,000,000 I
r 17,000,000 I
t!n8flCB Redevelopment Activities
1 20011
I 20301
1._$15c5}5,'log, ..1
L
I
I
I
I
I
1_. __ __!'~~~.~!.~.~~Y5!.__
I
I
.".
I
~
Principal Amol1l11lJnmatured Beginning of Fiscal Year
Atljuslmenl Made During Year
Adjustment Explanation
Interest Added to Principal
I)rincipal Amount IssuQeJDurillg Fiscal Year
Principal Amount MatumrJ During Fiscal Year
Principal Amount D8fe<lsed DurirlU Fiscal Year
Princlp.d Amount Unmaturud End of FIscal Year
Principal Amolint In Default
Jnterest In Default
I
I
405,000 1
I
I
I
-I
'"
W
lJond Types AlIowod:
Tax Allocation Bonds; Revenue Honds; CcJlificates of ParticipaHon; Tax Allocation Noles; FinanCing Authorily Bonds; City/County Dob!; US;Slate;
Loans; Lease Obligations; Notes; Defefl~d Pass-Throughs; Deferred Compensation; Oltler
::Ag e i 'Ity," {o'hg~:r~rTri ': D'~ b{
.12/24/2008
Agency Long-Term Debt
Fiscal Year
Project Area Name
I~008 J
ITowng~nt~rIlBavfrDnl Project Area
J
FOlWard from Prior Year
~
Principal Amount Unmalured End of FIscal Year
!Tax Allocation Bonds
r- 20061
[ 13,435,000 I
I 13.435,000 I
[To refinance Ule '1994 Tax Allocation
lQ_onds Series A
I . 2UU71
[ 2U27/
t______~l~/.~~~,~_,g~qg_. .i
[
[
I
I
C
I
L$12!~40!OOOJ
I
I
Bond Type
Year of Authorization
Pi'lnclpal Amounl Aulhorized
Principal Amounllssued
Purpose of Issue
Maturity Dale Beginning Year
Maturity Date Ending Year
N
+-
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustrrll~nt Explanation'
Interest Added to Principal
Principal Amount Issued During Fiscal Year.
Principal AmolJnt Matured DUling Fiscal Year
Principal Amount Defeased During Fiscal Yem
+-
I
~
...---J
I
I
39~
-----]
Principal Amounlln Default
Interes! In Defaul!
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bonds; Certificatos of Participation; Tax Allocation Nules: Financing AuUlOrity Bonds; City/County Debt; US;Slate;
Loans; Lease Obligations; Notes; Deferred Pass-Throughs: Deferred Compensation; OUlar
ADef1Cy;:L.ono~T errn"Debt
.12/24/2008
Agency Long-Term Dellt
Fiscal Year
Project Area Name
liooa ----.J
~!1J&nler I/Ba\'fronL!'LClkcl Area
Bond Type
Year of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose af Issue
,=.J
Forward frofT) Prior Year
~
Maturity Dale Beginning Year
Maturily Dale Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustmerlt Explanation
Interest Added to PrincIpal
Principal Amount Issued During Fiscal Year
Principal Amount Matured During Fiscal year
Principal Amount Defeased Dlning Fiscal Year
~~lion ~onds
[ 20061
[ 12,3~
In 12.3is,oOO I
[TO refund 94 Tax~AJJocation Bonds Ser C
&0
I 20011
[_ 2~
I, $12,32~,~OO I
C[ I
I
I
C
L
1
i _ ,$I},035,lJ[lQ
I
1-
-.---J
.j:>
,
N
CJ1
I
1
290~
I
I
I
1
Principal Amount Unmatured End of Fiscal Year
Prim.:ip!:ll Amounlln Dofault
Interest In Default
Bond Types Allowed:
Ta)( Allocation BQr\ds.~ Re\leflLlO Bonds; Cel1\ficates of Participalion; Tax Allocal1on Noles; Financing Authority Bonds; City/County Debt; US;Stale:
Loans; Lease Obligations; Noles; Defened Pass-Thruughs; D~ferred Compensation; Other
^gancyLong~Term Debt
F'aga9
12/24/2008
Fiscal Year
Project Arna Name
~ I
~wn Gonter IIBaylrant Project Area
Forward from Prior Year
~rtgage Revenue B?l1ds
I .~
1__1B.2D.~
I 1H,:100,000 I
~~
I 1il97]
I---~
~ "1.82"~_q!,~_?_~_l
C.
[
I ]
[ -.J
I I
I $10,300,0001
I I
[- 1
Bond Type
Year of Authorization
Principal Amount Authorized
Princ1pal Arnount Issued
Purpose of Issue
Malurlly Dale Beginning Year
.p-
I
~
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustment Explamiti~n
Pr!ncipalAmounllssued During Fiscal Year
Princip81 Amount Matured During Fiscal Year
N
0'>
Principal Amount Defeased During Fiscal Year
Principal Amount Ullmatured End of Fiscal Year
Princlpal Amount in Default
Interest In Default
Bond Types Allowe{j:
Mortgage Revenue; Industrial Development; Commercial Revenue Bond; Certificate of PalticipalitJll
.No Il~Ag 8 n cy ,L 0 ng- T errn:D eb l
Fiscal Year
Project Area Name
[2008- I
rr;;;;;CenteJ' I/BayfrOrrt Project Area
forward from Prior Year
Bond Type
~_ Revenue Bonds
L 19991
L 0,352,500J
I 6,352,500 I
!VilJa Serena
~
Yeur of AuthurlzaLlon
-I:>
I
~
Principal AmountAuttlorized
Principal Amollnt Issued
Purpose of Issue
Maturity D<:lte Beginning Year
M~lurily Dale Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
2000[
2030[
Adjustment Explanation
Principal Amount Issued During Fiscal Year
Principal Amount Matured During Fiscal Year
[
I
~ .
l__
L
I
l
I
I
L-
[
_ . f\~_~.2.!?99_1
N
......
110,000 I
Principal AmQunt Defeased D~lrillg Fiscal Year
Principal Amount Unmatured End of fiscal Year
$5,l12,500
Principal Arnoun! In Default
Interest in Default
Hond lYllCS Allowed:
Mortgage Revenue; Industrial Development; Commerdal Revenue Bond; Certificate of Participation
Non~Agency:Loilg.~TermDebl ..
Fiscal Year
Project Area Name
[2008 I
~-Center J1Bayfront Project Area
l
Forward from PriorYesr
Principal Amount Unmatured End of Fiscal Year
Principal Amount in Default
Interest in Default
IMortgage Revenue Bonds
I 20001
I-~m:oool
I---~J
.. 5,n9,OOO
[Pear Tree Manor
L_~
I .~
I 5,129,000 I
c=~~]
I
r
~
I
t ......~5.'_~.~.~.'ggg
I-
I
~
Oond Tyre
YGa( of AuttlOttzatlOIl
Principal Amount Authorized
Prirlcipal Amount IsslIed
Purpose of Issue
Maturity Dale Begillning Year
-1>0
I
~
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustman( Made During Year
N
0:>
Adjustmenl ExplallaUon
Principal Amount Issued During Fiscal Year
J
80,000 I
I
.1
1
~
Principal Amount Matured Dllring fiscal Year
Prlflcrpat Amount DeFcased During Fiscal YelJr
Bond Types Allowed:
Morlgaoe Revenue; lnoustrial Development; COlYlmercial Revenue Bond; Certificate of Particlpallon
Non~AgencY'l(l!lg~T erITl Debt
Page 3 -.
-'12/24/2008
!.:
Fiscal Year
Project Area Name
12008 I
----
[Town Center IIBayfront ProjeciA~ea
Forward from Prior Year
~
...
I
Maturity Date Beginning Year
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Ye~f
Adjustmont Made During Year
Adjustment Explanation
1
[
i
I
~
[
L
1
I $14,664,000 I
I
1_
~ortgage Revenue Bonds
20011
[ 15,364,OIJ()j
1_-,5,384,0001
[Construction of Heritage Town Center
~partments
200s]
20~
14670,000 I
Bond Type
Year of Authorization
Principal Amuunt AuthorIzed
Prlncipal Amount tssued
Purpose of Issuo
~
N
W
I
Principal Amount Issued During Fiscal Year
Principal Amount Malured During Fiscal Year
215,000,j
Principal Amount Defeased During Fiscal Year
I
Principal Amount Unmatured End of FIscal Year
Principal Amount in Default
~
I
Interest in Default
Bond Types Allowed:
Mortgage RevenuE>; Industrial Development; Commercia! Revenue Bond; COlllfiGate of Partlclpalion
Non-AgencyLong-Term Debt
.Page.4'
. . . . 12/24/2008
t!~i#ti.\t~;:tt~l~~i~{~~P11F!~'!!~~~~i\~~)i$\i't~!.tW1.\;;t','l~t@.D~>l;~YI!,~~!i't!'~,~~iii>~;t"~~~~iti;1ur.l~:!M~l"~~~"~lni,.\,:~y\MilJi,{:0;\!t!~sn;~\jj)_\i,jj}_M~~~~I;t;$~!n~'W~1J'lii,iilj'.\lH)t~~f;j(\W1~\)gf~~Il~i,~I~!l}Wi~f~W-4'W;iiUi",t~~.~!:j
Nori4IgencyLongcTeiih:'Debt.
."' . 0" '. . "'''''' '.' _.. . . ~,
"",:::-:'."
Fiscal Year
Project Area Name
[~08
Town Center IIBayfront Project Area
Forward from Prior Year
~'i~rm~~\Yl\l~l(gtitr(r%
jMorlgage Revenue Bonds
Bond Type
Year of AuthorlzuHon
Bond Types Allowed:
1
I
I
I
1
L
I
I 1
L- _.J].\19~~g~g. ..I
1 1
I I
20041
1'1,686,000 )
11,686,000 I
[construction of Rancho VIsta Apartments I
20061
20361
Principal Amoun! Authorized
P{jndpal Arnoullt Issued
Purpose of Issue
-I>
I
. Malulily Date BegInning Year
. Maturity Dale Ending Yenr
Principal Amount U/llllfltured Beginning of Fiscal Year
... .~.:I"",?~.~~~~~~_I
~
w
C)
Adjuslment Made During Yoar
Adjustment Explanation
Principal Amount Is.sued DwirlU Fiscal Year
Principal Amount Matured During Fiscal Yoar
I
150,000 I
Principal Amount Oefeased During Fiscal Year
PrincIpal Amount UllItlalured End of Fiscal Year
Princlpal Amount in Default
Illteres! in Deftwlt
Mortgage Revenue; Industrial Development; Cornrnt:rcial Revenue 8ond; Certificate,of Partldpatlnn .
'Nori~Age'li'Gy'Loilg-T eririOebt
'. .' ....:..>::.?~ge'.E.-
12/24/2008
!kJ[i'j.:,gr~,;';:w~f4,7b{-7'W.\\~~f~t'!lD"j'!1:Jii"FR' "<I~Ii5~~J,;~wmJuiN~~'ti,!:,:;~w~%.\!iW~fI!"~Ei'W\'il\t~~~R!fl'~''''*w:!J'i.&:,m~7Wt'~:a"~,l~I'"R"'~1J.;<;fl:'Wf'~\i'.Lt'{JtV~~~-$~~FN~ijl;~'iW,~tV:IJ4I.!j~
~~;(;j~~ ~;\t~f~ ~~,i"i;:J-~ '}/'"ti~J;,W~~~ ;eu eve 0 ' n:ent?~(, cocles ' ,: : a'IlCI1 I r ,I't a C I . :n!, ,e '01.~~),;~Jt;'Yi',!/'1":;;'\iti<.,W~, ~"'~;."t% f4}1~i'
~5!!:i!:P,~ii;%,:~tw~~D~Ml!:~?~^f~ff.1wg(tfr~i';i,l'l;U~~~Mi&,;"Ji.\i~.ai'I~1~&~'_(~1l))~~.g~~{'~~~illr;'1t'W:i~~mJ~~;i~~ml':~:r~~~J]~,~~t~~.~!~\'lil:l';:l~I,j~ll;ili\1:\~i,,~~(:~'\11it'i~~;"\~I:;p"1Hi;T~~V~~!~".'.::t;1Il~tll.l;~i
::~oii-l~get~cy"~ong_~TEi.t~I';P_~_~,L,', .' .
Project Area Name
L~OOB I
ITown Center IlBayfront Project Area
Fiscal Year
\Y,es%~'~irr.i~'Wbr~tillf~JI
,,;"_"_ ~i..t l,~",,,,..,,,, -...A~1!:
IMorlgage Revenue Bonds
I 20051
I 1.~
1_1,715,0001
To fund Hanch Vista Apartments.
Construction
Forward from PriorYear
Bom! Type
Year of Authorization
Principal Amollnt Authorized
Principal Amount Issued
Purpose of IsslIe.
Prlnciral Amount Oefeased During Fiscal Year
Principal Amount Unrllatured Enel of Fiscal Year
Principal Amount in Default
Intslest in Default
r
I
~
l
I
I
r--'
[
I
I
I
2000]
20351
1,6~5,Oool
.j:>
1
~
MFltmily Data Beginning Year
w
~
Matwily Date Ending Year
Principal Amouut Unmatured 8elJinning of Fiscal Year
Adjustment Mode Duriny Year
Adjustment Explanation
Principal AmoulIt lssueu During Fiscal Year
Principal Amounl Matured During Fiscal Year
I
25,000 I
----.-I
$I,66Q,OOO.. I
I
J
j
Bond Types AlJowed~
Mortgage Revenue: -lmJustrlal Development; COnll[18rcial Revenue Bond; Certificate of P8Iticipation
Non~Ageflcy'L6ng;.Tenn Debt
:.Page'6..
12/24/2008
Fiscal Year
Project Area Name
~
[Town Center~ayfront P~oject Area
FOJWmd from PriorYear
Bond Type
[Mortgage Hevenue Bonds
I 20061
L 37,940,000 I
[-.' 37,940,000 I
TBrBsina Apartment 2006 A (Refunding
~~teway Town Center Serles A)
Year of Authorization
Principal Amount Aufhorlzed
Plincipal AfTlOlHlt Issued
Purpose of Issue
.j>. Maturity Date Beginning Yoar I 2010]
I Maturity Pale Ending Year I 2~
~
W Principal Amount Unmatured BegInning of Fiscal Year L 37,940,0001
N
Adjustment Made During Year I -I
Adjustment Explanatlon I
Principal Amount Issued During FIscal Yeal I I
Principal Amount Matured During fiscal Year C I
Principal Amount Defeased During Fiscal Year [ 1
PrincIpal Amount Unmatured End of Fiscal Year l $37,940000 I
Principal Amount ill Oefaull c= 'I
Interest in DeFault C' I
BOlld Types Allowe(l:
MOI'lgage Hevenue; Industrial Development; Commercial Revenue Bond; Certificate of ParllclpaUoll
l'Jon-Agericy.long-Terlll Debt
" :":Psge"7
.12/24/2008
L.
i::
r::
Fiscal Year
I200B ]
[Town Center lI[jaYfront Project Are~
Project Area Name
Forward from Prior YAal'
\21~Y~~
~Ilage Revenue Bonds
I ~
L 5,000,000 I
I 4,672-:GDol
";
Bond Type
Year of Authorization
Principal Amount Authorized
Principal Amountls5ued
Purpose of IsslIe
i:
!:
I,
I:
\:
\::,
,',
Construction of Oxford TerracE!
Apartments
w
w
Principal Amount Unmatured BeyirUling of Fiscal Year
c::: 2002]
C 20421
~ ,m 4,672,0001
I
r
L
I
[
L $4,594,000
I
l
<
...
I
~
Maturity Date Upglnning Year
Maturity Date Ending Year
Adjustrnenll'vlade Duriny Year
Adjustment Explanation
Principal Amount Issued During Fiscal Year
---.J
j"
1
70,000 I
I
I
I
I
Principal Amollnt Matured During Fiscal Year
Princ1p~1 Amount Defeased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Am [Julllln Default
Interest in Defaull
Bond Types Allowed:
I';
Mortgage Revenue; Industrial Development: Cornmerciul Rovellue Bond; Certificate of PariicilJalioll
ii,
Non~Agenc.y.Long-TerTll Debt
-:P~g~.'S
12/24/2000
v
Ii"
k'
t-:
Project Area Name
IZOOB=:J
(Town Genter I/Bayfront Project Area
,:,
Fiscal Year
Forward fmrn Prior Year
Bond 'fype [Mortgage Revenue Bonds I
Year of Authoriz31ion I 20071
Principal Amount AutllOrized I 16,670,000 I
Principal Amount Issued I 10,340,000 I
Purpose of Issue (The La~dln\Js Apts
Mtlturlly Date Beyrnlling Year 1__ 20521
.p-
I Maturity Dale Ending Vear 1 20521
~
W Principal Amount Unmatured Beginning of Fiscal Year I ,
.p- ___1
Adjustment Made During Year I .J
Adjus(ment Explqnatioll I
Principal Amount Issued During FlscaJ Year I 10,340,0001
Principal Amount Matured During Fiscal Veal' I 1
Principal Amount Defeasod During Fiscal Year L I
PrincIpal Amount Unmatured Elld of Fiscal Year ~ $10,340,000 I
Principal Amount in Default I I
Interest in DefaUlt 1 I
~;
~ond Types Allowed:
I~ortgage Revenue; lrldustrial Development; Commercial Revenue Bond; Certificate of Participation
':.
No n~Age ncyLili '] g~'~ e nil 'Debt
. .12i24i200B
',"
"
Fiscal Year
Proiect Area Name
[2006 -~~
~Center I/Bayfront Project Area
Capil'al Project
Funds
Dt.!!Jt Service
Funds
Low/Moderate
Income Housir1g
Funds
S peciaJ
Revenue/Other
FuruJ.s .
.p-
I
Tax Increment Gross
(Incllide All Appoltfonments)
Special Supplemental Subvention
Properly Assessments
Salas and Use Tax
Transient OcclIlJancy Tax
Interesllnco0l8
Rentallrlcome
Lease Income
~
w
(J1
Sale of Real Estate
Gain on Land Held for Resale
,"ederal Grants
Grants from Otller Agencies
Bond Administrative Fees
Other Revenues
Total Revenues
3,144,65~
2,003,0771
I
C-=::=, I
I __J
'-r
I_
I I
L. 75,3B41
I '~
L.....I
I l
I I
I I
I I
L I
I 31~
lu$3,25! ,g18 J
~~\~~~~1!~,_~___ .,..~~_~H?..!~.!
I
I
r'
l
110,1J1j
r
-.L
I
L
I
I
===r=
4.4131 '
.",g117,<i01.!
I
I
I
I
482,0261,~1
20'B66~C-=:J
'I:
41,604 j
I
I
~
I
141,4361
,$.685,932 I
==r=~'
I
,-.--L
I
$QI
-Slatemen't 'of Iii come :.s'ncl EXpenditures,;. He-venues
Total
i
..I
I
I
. ~,~~?!!J~1 !
$20,866
$0
$41,604
$0
$0 1
$DI
So:1
.,J17?,7n
$0
__ $0
, ,$0
$0
_m.".l~,_q_~!?,4~J_
...12/24/2006
Fiscal Year
Proiect Area Name
.j>.
I
Tax Increment Gross
(Include All Apportionments)
Special Supplemental Subventlon
Properly Assessments
Sales and Use Tax
Transient Occupancy lax
Intel'est Income
Rental Incorne
Lease Income
Sate of Rea! Estate
Gain 011 Land Held for Resale
Federal Gr'ants
Grants from Olher Agencies
Bond Administrative Fees
Other neVenlJe5
~
w
m
Total Revenues
. :':,'-u ",:.,:- :" .'..':" ,':,::'-", ' /--'-:"_/: _:-- ",::,"_',---,',-.- ,-,':":: ,:":_,-,,:--::,-:_,,_,:.-:__:-::_::,::.,,. ':>:'_,:::""':.'_':.~':''''', '~:: . ,".
.. :'.' '~tate'm'eilt;;()~::,I_i~~,6'!1~,~~tl:':~~jJ,l3_nilitur~~_:~}~~~,~-~9,~~:' .-
~
[Town Cenler II, Otay Valley, Southwest Merged Project Areas
Capital Project
Funds
Low/Moderato
Income Housing
Funds
Debt Servlco
Funds
.$[)
$01
1--i,330,601 1
1,315,002 L
~
I
~
I
159:092\
I
I
I
.1
I
--1
I
3,2ill
,$1,4/1,34,5 J
I
I
I
I
I
I
~
I
I
I
I
I
~
,.$0.'....,
L-
~, I'
C==,,--~L
I: I
I 306,138 I
L I
I I
L I
I I
I L
I I
I I
I 760,287 I
IJB,,397,020J
SlatementoFlncorne and Expendllures -Revenues
"
"
Spec.lal
Revenue/Olher
Funds
Total
1~}):-f~x,m;;~i;~tii:f'~1iJtW;%~~WL _., ,.. ~~~6.1_?~6j?_~
r
I
I
l-
I
I $465,230
m_~
l $0
$0
$0 1
$0. I
.$!~3,53~
.. 10 I, $9,874,371 ,'I
'$0
$0
ii
':;
12/24/2008
Fiscal Year
Project Area Name
S'taterne:nt 0 (1 nC6rri't{.fn d:.Eipe'n'di hii:es":> Eit}~'~daar'~s-
IzoQIL_J
~u::.enter IIBavfrolH ProieGtl1rl1i1
Capital Project
Funds
Debt Service
Funds
Low/Moderate Special
Income Housing RevenuefOUler
Total
630,7621
65,6221
I_
I
J
5,6831
I
I
I
5,026,169 [
$0
AdmInistration Costs
Professional Services
Planning, Suevey, Cind Design
Real Estato Purchases
.j>.
I
Acquisition Expense
Operation of Acquired Property
Relocation Cosls
W
-.J
Helocation F'ayments
Site Clearanco Costs
I--
I
L-__I ~.
1- -r
I -I-
I I
[-- I
L.::::._~~
1-' C
4,15z:r=
I-----r I
L_______L
845,7851
229,-106 1-
I
8,OI4T---'
-.J.,.11,4.I6.,517 J
, _n__ _ ___~}Q:21~,i?
L
J
,
I '... ."... . $5,683
=1
I
I
.-=.1 ..,.$5,030,321
_I.
._~
I
-I
-I
I-
I
I
1
j
.$0
$0
. $0
$0 ,
$4.09,066
Projecllrnprovemenll Construction Costs [--
Disposal Costs
Loss on Disposition of Lalld Held for
Rosale
$0
$0
Page'-1.
Slatementof'lncome am! ExpendItures ~ Expenditures
12/24/2008
.'::':';:'st~re'rrle~t 'of:lricd'in'e ':~'ii:d "ExB~:il:d jt'Ute~::)'Eh)'~'n:diilir~s':: .' .
..,' ""'''''''''.'' ...."n."'.."..,;.... .'..n____n'...'''_..'...,._,....
Fiscal Year
Project Area Name
i62<J!l--1
[Tc,wn Cel]!&LIIBavfront Proiect Area
Decline in Value of Land Htlld for Resale
RenabWlallofl Costs
Rehabilitation Granls
.j:>
I
Inlerest Expense
~
Fixed Asset Acquisitions
SuiJsidies to I.ow and Moderate Income
Housing
w
CO
Debt Issuance Costs
GUier Expenditures Including Pass-
Through Payment(s)
Debt PrincIpal Payments:
Tax AllocationBonds and Notes
RevenU6 Eklllds, Certificates of
P<Irticipalioll, Financillg Autllority
Bonds
City/Cuunty Advances and Loans
All Diller Long-Term Debt
Total Expenditures
Excoss (Deficiency) Revenues over
(under) Expenditures
Capital Project
Funds
Debt Service
Funds
Low/Moderate Special
Income Housing Revenue/Q[her
Total
. '10
~O
J81,"??
$1"421,710
JO
,$0
1
I
I
i--
I
I
1
I
1
.-1
L_
L__
1
I
_I
1,421,710 I
1
1
81,8761
I
I
L
I
I
I
Slalelllenl:'of.I[](:ome;and Expenditures,:, Expenditures:
r--- 1
1-1~J-
I
'1
685,000 1
--I
1$0
I $1.186,254
1_______1
1-'
_ $?,~~~9,Qq .
$0
g?OO,??4,L. ,.'!M!()L1J1_L
." ($B3"02~LL_i$l3, 1?~,1139U_,___
-I
1--
gI37~,313.3 L
5~.!J.,.?,?5. .J _."'___
[
L..._
I
I
85,900 I
.-l
1
JO
J85,000 .1
JoJ__$1(),Ij,I3I3.,.009. J
,_~9.1_. j$~&?I3,lj4,!l).1
P~ge2.' ,
12/2412008
Fiscal Year
Project Area Name
-Statemen"t -of':lncO-nl-~"a nd':!='~'P~_~d itJ'r~'s' :;;'E~'P'~~~',]tt-'~~!;(.::
[2008 __I
~n Center 11, Otav Vallev. SOLl!!1wesLMerged Proiect Areas
I.
Capital Project
Funds
Dt:!bt Service Low/Moderate Special
Funds Income Housing Revenlle{Othor
Tolal
Administration Cost~ ~1J74,8G6T I I L '" ~1 ,771.866
Professional Services C-- 220,1U4 I 2,7741 I L -~_?-?~,!~~~.
Planning, s'urvey, and Design L I I I ~, $0
Real Estate Purchases L- r I I I $0
.p. Acqu\sttlon Expense [ I mr-- I __I $0
I Operation of Acquired Property I I 'I J I . $0 i
~
w l___ I I I ~
CD Helocation Costs $0
Relocation Payments I I I I In $0 ;
Site Clearance Costs I- e- I I _=J. $0
Project Improvement! Constructlon Costs I 100,2671 I r L $100,267
Disposal Costs L l 1 I L, $0
Loss on Disposlllon of Lam! Held fOf [ l I ['-' -, $0
Resale
Statement of Income and Expenditures - Expenditures
Page 3
12/24/2008
Fiscal Year
Project Area Name
Sta teme nt 'o(lh to/rle' an dExpimd'] tu re5-~,;'EX_per1'ct'rt'tl.:~~5-.
..... . ... .
[Z008 -]
t:royvn Center II. Otay Vallev. Southwest Memed Proiect Areas
Capital Project
Funds
Debt Service
Funds
Low/Moderate Special
Income Housing RevenuefOlher
Tot~l
I $0
L ,.,..,.0, ,
L. $0
L _l?JgJ~,~O_g] _
I $0
I $0
I $0 I
.
I gO,3,928
Docliflll in Value of Land Held for Resale I
n.el1abilitnlion Costs !~.-
Rehabilitation Grants I
Interest Expense I
Fixed Assel Acquisitions I
Subsidies to Low and Maderale Income I
Housing
J
I
I
[
I
I
I-
I
[
2,016,0971
_~C=
I
-l>o
I
~
-l>o
C>
DebllssUanc8 Costs
Other Expenditures Including Pass-
TtHOlJ9h raymerlt(s)
Debt Principal Payments:
Tax Allocation Bonds and Notes
Revenue Bonds, Certificates of
Participation, Financing Authority
Bonds
City/County Advances and Loans
All Other Long-Term Debt
Tot~[ Expenditures
Excess (Deficiency) Revenues over
[under) ExpemlitlJfeS
[
L
2,023,9281
1-- 405,000 I ---r L ~405,OOO
c= 1---- I _J $0
L_ I I L ~O
I -----r 64,101 I I I $~,:}~._1,,!?1
I $4,11@,245 L . J_?_,~_?7, ~?2 t $0 L ~OJ. ~6,6D7,.217
I ~1!?!.?J~,~ I .(yJ,q~,9.,~.Pl I $0 I $DJ $3,267,154
Statement of Income Olnd Expenditures - Expenditures
Page 4
12/24/2008
Statement of Income and Expenditures wOther FinanCing -Sources
Fiscal Year
Project Area Name
tills
I
ITown Center I/Bavfront Project Area
Capital Project
funds
Debt Service
Funds
Low/Moderate Special
IIlGo~e Housing RavenueJQlher
iolal
Proceeds of Long-Term Debt L I =c:....,~, I $0.
ProcAsds of Hefundfng Bonds .L~_ I ~ I ~O I
Payment to Hefunded Bmaj Escrow Agent l_ J r r I $0. 1
Advances from City/County L- -r 1~~,6351 1----1 .. .,$.1.~5,635.
Sale of Pixed Assets I I I I $0.
+> -,
I Miscellaneous Financing Sources (Uses) I -1,56iiT-~..- r .1,733 I ~1$P93) I
~
+> Operating "Transfers In 1:=- I =c:= L $0
~
Tax Increment Transfers In L 1,031,174 I $1,0.31,174
Operatiny Transfers Out L I L $0. i
Tax Increment Transfers Out I 1,0.31,1741 I I J1,a31,174.
(To the Low and Moderate Income Housing Fund)
Total Other Financing Sources (Uscs)
1$1,03.2,134) J
_~E9016}~ "' ~
$1,0.29.441 L.
'..'.. _...0... t .... $192,e42
Statement of Income and Expendllures - OHler Financing Sources
Page-1.
1212412008
Sta teme nt 'of In co m e 'andEx~'end huret's :.::oth~( F-Iihi'ri'Clri'g':~:rci:ur~:es
Fiscal Year
Project Area Name
[ilia ---.J
LT_Clwn Center IIBayfront Proiect Area
Capital Project
FLUids
Debt Service
Funds
Low/Moderate Special.
Income Housing Revenue/Otller
Total
Excess (Defidency) of Revenues and
Other Financing Sources over
Expemlltures and Other Financing Uses
($455,179LI.,
,.$1E,6121- _1$4,Q9_4,739)J
."J2_1 .' .".1$1,137,305)
Eql!ity, Begillning of Period
$4,29z.716J,uJ3,?1B,24~ J
I
I
",m,1_68,23BJ
-9,365,9541
-$QI
I
L
. m,D_81,203..1
($~':J65.954)
$0 !
+>
I
Prior PerioeJ Adjustments
L
r------l
1- I
~
Residual Equity Transfers
+>
N
Equity, End of PerIod
L' ..gS4?,537 ..L.,. g_630,OS1 I ,$4,707,545-1
.,$2 1.$12,180,943 ,
S(alernelllbf Incomf.1' and Expenditures '~'bllierF!nanclng' Sources
12/24/2008
./>0
I
~
./>0
V>
Fiscal Year
Project Area Name
Proceeds of Long-Term Deul
Proceeds of Refunding Bonds
Payment to Refunded Bond Escrow Agent
Advances from City/County
Sale of rixed Assets
Miscellaneous Financing Sources (Uses)
Operating iransfers In
T<lx Increment Transfers In
Operating Transfers Out
Tax lncl"Gment Transfers Qui
Statement of Income and Expendlturos .~ Otller:plnancli19 'Sources
~_ I
iD?wn CenteLl!. Oi~y Valley, Southwest iV!emed Proiect i'reas
\'t
"
',.
,
,,,
Capital Project
Funds
Deht Service
Funds
Low/Moderate Special
Income Housing RevelluelOther
I-
I
I
r
I =c- I
I--=----~\~-I
-l--~l r
____~ 23~1,3271 I
I L I I
r~1,or,o.B.ill _I
1- I
I
.------..:...1
L
L
~,
r-- ~...
.~_!
I
_J
I
[
1-
1,492,58~ I
l .1,727,492 I
--~
-II
I
1,492,5861
1,727,4921
(To tho Low and Moderate Income Ifousing Fund)
Total Other FInancing Sources (Uses) roo- .\~1_!?~.9-,~)9). L _.J.L??~!~:I_,~_ J
JI,727,492 ,~
,.,.101
Statement of lncome and Expenditures - Olher Finanelng Sources
Page 3
l
Total
".,
I'"~
::;
$0
$0
$.0
$234,327
$0
($1,Q~O,B32) .I
~1,492,5a6
~1,721,492
J1,492,5~6
$1,727,492
I',;
"
iii
I:;
,':'
i:,:
:':,
(.
1$826,505)
,-:
i:
j:i
12/24/2008
f-::
S ta temen,t of 'h~ ~-?'~ e-a'ri~.':'ExP'~ nCt fttlf,6S '~'-:Oiil;d~:~f~:'~'ri'~:~~_g/S_?:~'rh'~~
Fiscal Year
Project Ama Name
@Q3
-,
ITown Center II. Ot~y Vall~'l~,llil1west Merged Proiect Areas
,,:
Caplliil rrojed
FUlHls
Debt ServJcn
Funds
Low/Moderate Special
Income I-lousing Revenue/Other
Total
".
Excess {Deficiency) of Revenues and 1_. ...... ._"..j~~,.'.l.f.~) J--
Other Financing Sources over
Expenditures and Olhor Financlilg Uses
, EIB,28BJ
_,nz27,49_~ L
" .JO_.~.m.g~40,B~9 _.I
;,,:
Equily, Beginning of rJeliod
J?4g!6?5
t .. _,_jE.L!!l~_l_q,~~}
I
1-
$0
..,.
I
Prior Period Adjustmonts
r
I
I
$0
,1___5..3.n7.~4?J
I
I
.lQ.J ,'__,
-____J
L
__$g,?Bt.?~? _.I
'!':
~
Residual Equity Transfers
..,.
..,.
Equity, End of Period
~ _ ,$5,iB4,3?BL .1$2.20Z,2(.o) J,_$5.464.8~? ,~
_ $.0 1.$8,721,884
,
',:'
l;(
,',~
:"::
'.,
iU
:,':
:if
Statement of Income and Expenditures - Other Financing Sources
:page 4 .-
12/24/2008
i'
"
+>
I
~
+>
U1
r':
Fist:al Year 2000
CapItal Projects
Funds
Debt Service
Funds
LowfModerate
Income Housing
Funds
General FIxed
Assets
Total
.,.,
1', ~
"
:!"
Special
RevenuefOther
Funds
General Long~
Term Debt
Aasets and Othor Debits
Ca.sh and Imprest Casll
Cash wilh Fisci:ll Agent
Tax Incremenls Heceivable
Accounts Receivable
Accrued Interest Receivable
Loans Heceivable
Contracts Recoivable
Lease Payments Receivable
Unearned Finance Charge
Due from Capital Projects Fund
Due from Deb! Service Fund
Due from Low/Moderate
Income Housing Fund
Due from Special
Revenue/Otl1er Funds
1-
.!ri0~~ij~1i~~~f(ih:$t~)I%j\Ji] '~ifi;i!{Y;i'\':'{,m;jtwf~~'J,
EI'1\~':tmit~t:i~J:i%1j;J~1\l('m;(K::!JI~E;;;N);,\!i~iU
m~\~1;kt~KtftJ,i{J'$ih1Rt:nf)MW~YH%lf5w~k~i~~Xf,j;)'~lR&%;iiB~Klf;j, .
j
1__ 3,235;'0:i:1~3~ 1
1--" ---I
,252,3B2 _
1- 246,7581
I
I
I
I
I
L---
L-
I
4,5942Q>JL
-63,OV51
L
I
.~t\~T4\ttmWWti';J~~i~!~[B~1';lri{iJit~~jt;&1'i:\~%li,;m~E{Om1G2JJ no. . ... J?1lJ_~7~_~ ...1
~1,\j~1~'0~~;j;ilW~JI:~tml%1~~I)Y;r(X~*,vu/i;f:6,%K?)~1l~~JU_ $85,724
28,295 [
5,091,746L::
J
C
I
I
I-
I
15.G76 I
41,7531
20,623,870 I
I
----I
I
I
I
I
I
I
1
.---J
1
1
I
!'iji~~j~~1.m~~:!:~W{(0!!;I,r~J~~~tl:;l:~'@lW:@;'liY~?'ifi:\J,
.~~ Ijm~~;~W;m~W:EiI,\;\iW1W;W:Z15;t -~'iJ\rriPliffi(;j:Kr~iJ'~!m!K~'iji:hill ,. _
Dl;W;X~t~~f!~%~Jr\}:N~;}_"
~:\:!If::1~fit,(~::~1:~~m2i_,_
1~0,YRI\I~~:j,i,fiimg\%~itWJJ~l!,*~~~Ih::~r{X\Rlj~~__
l,l:~;Br;~f~i!,{;~+W;)9;~~Ej;~r~~;7:i,\j
~t~t:!i;W@r~i}]!At;'_!ij:I\!i:zfWf~JQi\:::::~:~~li':"'f:WN;:>~:]J.
1$!t\%(~::1K~ii~i~~i;~\\i\!1Wi_i~T~iij~
P8ge1
12/24/2008
Balance Sheet - Assets and Giller Debits
~ l :
! ~-~
""
~OJ
,~1), 10~,994 I
...~~J5,m,
$2~,~.15,616
_,.~LI
..,$0
W
,_$0
. $0
"
:':
::,i
t';
"-"
"
,.
,
. ~,.
1'-'
i'.
Flsc(ll Year 2000
Investments
Oll1er Assets
Investments: Land Held for
Resale
AllowancE! for Decline In
Valu8 of Land Held for Resale
.po
I
Fixed Assets: Lond,
Structures, ami Improvements
~
.po
en
Equipment
Amount Available In Debt
Service Fund
Amount to be Provided for
Payment of Long-Term DatA
1'olal Assets and Other
Debits
(Must Equal Tofal Uabilllies,
Qt/ler Crer/its, and Equities)
'Balance Sheet..; Assets andOtber:Deblts
Capital PfOjects
Funds
Debt Service
Funds
Low/MOllerate
Income Housing
Funds
Special
Revenue/Other
Fumls
Tutal
General Fixod
Assets
General Long-
Term Debt
~lWlti~, ;;\~',gl\l{i114,il(~')\\'M~ }\1:fj~1!~T*t:-,\N[@;\%~f'\~mJ.
~i~4\';t~;-qeG;:lA~~t-~!t~'if{iIJMlli'I:~1'itf:!~}]>t{UMjnf~;'i1i0W[:t\I.,
$~}?,~_~.,,~~:3... i
$1,81,6. J
$2,260,9J5
[
I
4,977~
1,816[
2,62'1,523 ,
1,454,964 I
~ 2,260,925 h::~jC]!E,~;S;:~Wi<!;'ThIW;,&~ii7iWnl ----:---~-.-I:fii~1f:N1;1ii!t]];~il,'!:i~\\:rWl~i 1~~1~\t~:~Y&d;~i:J*tX!(;!J:~\_~;':'4,\~ _
...~1M9HPI
, $:;,917,380 J ,m,~7a,3~I, i
}O L$72,301,206
$9,928 2691$131,219,668.
Balance Slleet - Assets _and Olher Debits
['1age 2'
....12/2412008
Fiscal Year
20011
LIabilities and GUlar Cre<.lits
Accoullts Payable
Interest Payable
Tax Anticipation Noles Payable
Loans Payable
Othel" Liabilities
Due to Capital Projects Fund
Due to Debt Service Fund
.p.
I
Due to Low/Moderate
Income Housing Fund
Due to Spadal
!"\evenue/Olher' FUI1lJs
Tax Allocation Bonds Payable
Lease Revenue, Certificates
of Partlclpation Payable,
Financing Authority Bonds
~
.p.
-.J
All Other Long-Term Debt
Total Liabllilies and Other
Crellits
a'a I~'ri c~'S 11~~t'~' LI abliit'ie~' ~ri~i{6tii'~;~.'Ct~d Its
Capital Projects
Funds
Debt Service
funds
Low/lVlmlerate
Incume Housing
Funds
Special
RevenuelOther
Funds
General Fixed
Assets
Total
General Long-
Term Debt
F-- 81,9441 50.006 i -F;,i~~~~~~;(~;I:;,~';;;;;;;~ilij-,
L_ ~'-I I '~~~1.![~F!,i&f~~m'l_1fI.~~~::;Wnntfill___
L ~_:. I H'?l!;St\~:~i(il1J;:\~t4%,:~I;~r&f~t~li~;#trtWi'l)i.i~%~JU~\~';]~!,1\!~:~t1tl,.
C=:=~~699,615 l... 4,493 ,789 ~G:r 49,9 ('l I \~~Mt\7:!~Yjt:\i:,'f.;:{;*;1_iM[rr~.t~~1W:fr{:#\~~~~ii{rf,W;'h\t~~W":;nip;;\"1;fuW.W:i;1
I -r-~--~ - --r-~- !),\\y,1,WJ~Wt~~i:0:jH;~~:~{~~~b};~1It;~~:~I!ul:\}1~~'~)!;1ti&{i1.l'~A~,)j;\M\i,!fml.,
I 1 -- C=._ -1 - 1[~~:~I~&t?li.:-J;\:~1%W,nm}&~'~H~jt!I!!g\{1J~]\:w;;m~BJ.
L _I I I ~:\~}ili:!)i:~,j[~igjj)J~i~*lj+~~fJI0'ftll)~@~~\%;~,?;t~l(@f:m\'lli&,~
IW::,~~'Na::~((~\1!!\J]{)W\ji\W!~~f;ri!Ell;~~J~\.~" _
~.~';j~lik~i~:f:~i'1J1~~W{W~l1~:i m(u~IThI)~mTIra~IK.~j
~, $6.187,559 .~__$4,493,789 L-- $16,806,0081.
32, 116,206 WtXi&~;:lf,1JWj'!~4:~t14)~%:T~,$iF;f(\
F;?-l~"Q .t.?'Q6.. _lMtG\%!~:\i;~;iAti4!:;stX~:ii~!,t
I
..$0 J
Balance Sheet"" LiabiJ1ties and Other Credits
Page 1
$14'19i~ ~
$0
~O
$27,943.,316
.$0,
$0
,.W.,i
.19 __:
$32,116,206,1
. .~JqQ,}?~!5?2
12/2412008
>""'~"!'Wil!~P'~ii!mf(,jffi"J~~~.~:rr,.'%'~m'vr'~'l:'{i'~'~'I:"""~l;~III"~~'~"-,.:r:;;~~!!,/,::~~~mm~""~~-='l>j'i1iP'?ffiin~m.i$J<.\'<i~'t-~~""l;'~~t:':('"t~t..tW~~~">~""~*,w'"Jil'~'''w~~'m-'-~\Wi<lljl'fl;''''P''..W~
~~:':l";<"I,,'ir{"l,;,b":i,~\.1',,l\rJ,"lii.J~i,:~,.\J,j,\t}~>."~""'1';;H~d"\j,::kt~lr,,::!'~JJr,,:7!,,."di.,,;r;i,t,q~!n~{""""'\'~',~,\W"'*_\'i~~',.tfl(~!'I:llN;1~"i;,;"r.1';ii"':'\I':,';;!',",'iL"':!"!II:'I.l".,,,;!I:;!,,M,l,,,f~.rtji;ll\V[;j1F"jJ\'~Y""'\"Jii"t"'b'"8-;\g~!""4>~,~1\"'i,,,li~t);~j._~!,,,,,!-;.hf~\'I,,;,,';il\l,,'M,,~.,,.,,~,,,,,J'A\l"\Jw,0;1J~1~'ffi'i';.'''~',f..J~~,1I.1t"tt~i,t
I\W!:::i:}1,[~ilnwltlll~ulWt:~i~~]i~~:$~:Wfr~~!w:1~~*1~~Mi~,~lfi~'1~q~t\R~&~~t\11~~Wij~HW~t!fii~W~Y~\~ijfjl~i~~~t!j~~~mi~l#;~~~~~ffiM:'~tl~~~ii:f!:jR~tll'~:';,'Blf~{@~1.Vi;~~@:~:t\'~~\~~;'~'f~~~~~~\~f~~~1fHt~if~1~~11
im!i,'.w;:ii,lI....)lf.~&r'tl',~ji~.;).i~""),i~(i~~i\~,t....,,.al".sii;~'.\r;<:"kMM";'R..;\"'*~I~~,rn't>c,'~j"Ii'?>~;~",J,~t\il:~$"',~:.\~;~;l~,\1k~-:.:"I\:r:.J\.*\.~-"'~" ~<<J:~~~;i.'>-_>Rl~ /':,'i:~>t~"N~,'.~;,;"'"! ~~'f1iIJ~~~,t~l,~~r~:~)Jj,.~.:m"til'M~jlW,l~'1I<~iJ"~~,...,.\'i'.~,M%'i~.,J
~;..'~,,,..,_~"(zJ:I,~'" .....<.l""""~,.i<1~W"""'~~"'=..~..,N,.=.I\',...~.."<>~<<lG.._..........:;:c.~~I'...,.O:;;;;:;;'''#.l"'''OilOI~~"''''.......nw.,' ~1,.;i;I,R .....;lIi<V~_~;;;iJ:i.i';.it"',"";:m,m""""..........~""',~~,""...i..~'_
Balance Slleet - Liabilities and Otller Crodlts
Fiscal Year
200U
Capital projucts
Funds
Debt ServIce
Funds
Low/Moderate
Income Housing
Funds
.Speclal
Revenue/Other
Funds
General Long-
'ferm Debt
General Fixed
Assets
Total
Equities
InvBslmonlln General
Fixed Assets
'~';(~f!&v~'e~\i;1~iNf~}~\(;1
9.920.2691
$9,92~,2~9.
Fund Balance Resorved
6,432,312
3,392,fl4G
5,917.300
2,118,659
8,053,724
i~\ti,!;: r~W,f~li~~!~t:~:'L~lw~ ~!fJ.W~.ijt;~n,~1ii,:~,~t;ifff~)}\~r$1
$1~,4Q8,!5t J
$1',44G,~70 .1
Fund 8u!unce
Unreserved-Designated
Fund Balance
LJnroservod-U ndesigllated
-518,2951
-4.~D3.7B9-[
($5,OI?,084)
.p.
I
~
Total Equities
J9,306.BG!l
_$J,423.~~! J ._ .1'O,IZ2,!8!,/
.lO l~q?1~~~~~r~W3?~i~~J. m.~~,9~.~,?~,Q,
$30,~3),106
.p.
(Xl
Total UaIJilitle!i,
Otller CroeJlts, a/llJ
Equities
... .~J2l9,,~.~,:t.??~. J ..~._,.JE..,~.1?,l~,~.Q. ...L $.W,9J8,3_~ 1 L
,.$01
E2,,~_ql,?g6 I
~_~l~?~,2?? .~ ..~1}1)~~.~"GQ~ u
Balance Sheet - liabilities and Other Credits
Page 2 ."
12/24/2008
li~]Wr~~Q~ili:W:,jllWfl~:~;!~1~a~(~jJ~!XMN&jltE~~~:}Jj~;~Y~\i~'W0:rfile~flnIH~~\7:lff[!)I'~~{li.~~ya'1!~1~\fn~~'ffi'~1}{pg~~\~M1~~~{~~1!\fjIMl);f~'~1~~,:i~f~~~~i~~Kll1;~~!II.~~1:k1it~i
t~;f:j~B~'.h1:1~\~j~~~~~~~i~1&lWi~~~\~~tl?&~'Wlt~1~~~f~i~~~\~~~~~~1~1~:m:itrt!rlVX};).&j~t81~1'~B~'~~\~tlt~{~
11ili1~:\~~~"lmil'{Ffi,git1,tW!{iW,j'i))W\~)!~'~'0t~Wt:fi!iil~i1i~\1~\WI"e\1t~h':l!MW,"t1;jt(~1i1i.~.iiir\~1:i,~',>>'n~'B\1f,~Xl}erffit'fl;i~.Yf-;'1'i1').I\~i(tMI'jliQ,:..'\~R~l~!:EllrtW~2:l:~t~!J~'\tl\!J'Hli{~'&1J1!;m~(t~jjj:It1l~~ii\~(~W;~~Wf,~ili!i~({!~~P\f'~swm)(i\&I;:'~4{J:~W:;'!E~!
")WQ'i,,:( >'::,\'\::lii,1i::i,j.JI~/I;i<<t,~~,\~djii)i:~~Ji'~ii!L'I;\eUev:eO'p' ~en 'Yl;'\cg eucles r,\jHka nCla ,1J,\t~I:.c:I JilS'aO:~I" ,$wm:ul"li"'i'., ')!i%f'i\"\,)ti~\;:,\.im\iil\i:;\~11!14i';';~,,i\~1)k"~~~'vr~lht'lJi
il~~,-W,(J;.;i'\\\'.~i"i;,~1;,',\H,\'/'dl)".\il.~~Ji'dt1'tf~:\\Ml"'"-t"'j;'iIW'lO>i,;llt',"il,\';\\.ldi.\\\~j:G,~';i."":""l';;,.,,:l:ii,'d.m"M\MI~~;",i::i~;'iI\iJ':"'!)~>;~t:.W.\~t_\iia;;'\lljiJ~;,l.\1~Wrnl1i;..~I~i..:rH'I\,'l!.~M\.!Wii11\1jh,,~U;li/>lI.;dl;:'lill\~umt.Wi;;lIiiJHjili~:%~~'da;;;w,&<J;~
.. Staterri'e-nt'6f;ihc-o-~:e'''and --E~'I):e-n:~ijiil'i~~:~~ /S\~in:lil'~;ry: ;~on\bi}~'~'~Itr~'~~'fe-'f5itin/b~'i :'.
FIscal Year
2008
Operating Transfers In L .~1 !_1P..?,.?~~__
Tax Increment Transfers In L ' J2,75U,~66
Opemtillg Transfers Out L '. JJ,~~f,0~.~ i
Tax Incrernent Transfers Out I g75B,6G.6 !
.p.
I
~
.p.
<D
,~.
iJ
:~
.. .... .
.~ S la'l~#i ~ri t :6i: I 'n ~ohi'~'~'an~i -'E~~'e~;~i'l Ul:~-S .:~ ;.s i.i' n;ni a' ~~/;...
COli1biiiEiO ','n ali~lfers' }n/Ou[
i:~
,.
"
i'
City Of Cllula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Revenues - Consolidated
!;;
i:
if
Fiscal Yflar 2008
C<lplial Project
Funds
Debt Service
Funds
LowfModerata
Income Housing
funds
Spedal
Revenue/Other
Funds
Total
+>
I
Ta~ Increment Gross I _~.1.9.,-~.??,.??:!.~ .~~.L~.1_8,-079 1 __._ ~Q J- ___ *_9. _ ~~}~,T~~)~_3~
Special Supplemental Subvention ~... $0 .~ .....lQ. t.,--... ,.1ig J..,. .__" ~IJ..;.J..,,,_.,_.. .___JQ
Proporty Assessment.s I . .~oJ., .., ..JO. .1.... ....... ..... ..~P ,J--__._ ,_,___~9_J ,..$.0
Sales and Use Tax L~_O_ J _ JO J __ ,.. ." u_ _~O -i---_ __-".0-1_ JO.
TrilllsJent Occupancy Tax L... _,.~g. ~._ ,~Q. L .. JQ_. L .J:,g.J $0_
Interest Income L ___ 1~.~J,~_;z..2_ -1. __~?~~_,.~9~__ L J~t?_~J1_2Q__J_ ~.9__..L __~'-\J.1~~J!?1. I
"ental Income l~o,J__ __.$0 L,E9.,~6~.J,__:....~9"L ,EO,066.
Lease Income I .,.'" ~o.~ ,_..,. '. ~OJ . ...,._,_~O,_I, .._~9_ t- $0.
Sale 01 Real Estate L .$0. L .._,'.. . SOL nJ41,6.o4Jn~0_J~41,604
Gain on Land Held for Resale I ~o I " ~oJ.,...,$O J~o__L$O,i
Federal Grants I .JO J --__...$_LL_____,___wl,.,,_._,..._,JOJ _ $0
Grants from Other Agencies t- ._JQ___l...._._._.m .--.-_..~Q-J~ ..."~9_._.~___.._._.. -------~-Q--L ,~.,O.,.
Sond AdminIstrative Fees 'l- ______..l~L__~__._:.__._ ._._..~.g nl-,. __~Q.j .1Q_._._~._._ .. n_____n_.Ji.Q.
OUler Rovrmues t .,~X~~\.EJ_J..... E~~?1. .J. ~.~_4~.L1}_Q..J_.. -jQ-,.J. $941,271 i
Total Revenues ~ ___1'U.,~i~~~~4 ~ __ .~}_,gP.'L.~_1fJ J ..~.~~Ii,.~}?_J._. _ __ _____ --~Q---J _....$1~,.9.?~1~~~ ..1
~
U1
o
::'
,',
,',
::
i:
i,'
I;
I;'
I'
'"
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1:!
ii:
Revenues - Consolidated
Page j
12/24/2008
(:
City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Expenditures - Consolidated
Fiscal Year 20013
Capilal Projects
Funds
Debt Service
Funds
LowfModerate
Income Housing
Funds
Special
Revenue/Other
funds
Total
Ad'mini.stration Costs C)2020,051 L
Profosslonal Sorvlces L .,.H4~,?UOl
Planning, Survoy, ami Design ~.. ~O ~
Real Estate Purchases t $0 t
Acquisition Expense ~ $0 J.
Oporatioll of Acquired Property t ,....JO J
-i:> RelocatIon Costs ~ L
I fO
~ ~ J
(J1 RolocatiOI1 Payments ,.u$40~,g~6
~ t ~Q..J..
Sile Clearance Costs
Project Improvement I Construction i ~1D4 ,4)9, i
Cosfs
Disposal Costs L $0 L
Loss on Disposltlon of Land Held I $0 L
for Resale
Expondllures - Consolidated
, $01
.J,1Q,7B.LJ
$Q I
lot
J9J
10 L
wI
$0.1
10 J
..,.,W I..
,$0. J
JoL
Pllge 1
$630,7~LL .. JD_J ., g251,413
..$66,6."21._. " . . .$0 J $525:100
..lil,J .. $0 J $0
10J, .lo.J $o.!
,_15J "".10_1" $0
..$5,683 J _. ,..".101..15,6"3,
..,~OIIQL $0
m~oJ uloJ., $409,066
~gJmu~gJ~o:
15"926,1.~9 L "Jg/ ~?,13Q,5BB
10., L. ..... ,~O I $0
10C ulQ , $0
,
I::
j
I;
F
12/24/2008
City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
ExpcneJiturcs - Consolidated
Fiscal Year 2008
Capital Projects Dellt Sarvico Low/MoueralH Special
FUlllls Funds fncorllu Hal/sino RevcrJuefOthor
Funds FUlHls
A B C 0
Total
E
Decline in ValuE! (Jf Land HehJ for
Resale
L
~O,J
~9C' ,..$O_L.
$0
$0
Rehallilitation Costs
, ._..~o_L._. J(j'.I....._.._'.IO_.L._,. ,.,.JQ,.J ..J.o, ,i
,. .$QJ. ,$.o.L._.._$_01,876 .I... . __ ._$9.J$81,878
,.,.J5'_i__.Ei3.7)!'Q!_I. _ _ ,.._..".,.$_LL. $5'.-1.-_. _$~,~}!,O_O!, ,I
._.,..,lDJ $Qj ..,'. .,..,..$oj..,.$o.J .$9 I
-.JoJ.$.llL.uu.__w.L.___.JU $9 I
Rehal.lllllatloll Grants
L
t
t
L
1-
Interest Expanso
-Po
I
~
Fixed Asset AcqulslllollS
Subslulcs to Low and Moderate
lllcums Housing Fund
U1
N
Deullssu<illce Costs
t,.,..,..$O I.
~ ,. $~,?1,Qc.1!J.2 J--
,..,.._JO....L -.--$[].J.. ,_.,,$0..1_ $0
.$.O...l.. . "......,J.D__ L.--.__,_$,(] J ., .,$:3,?10,182
Other Expenditures hu:;ludinlJ Pass
Tllruugll Paymelll{s)
DelJt Principal Payments:
Tax Allocation Bonds and Noles
......1.D.,
L
t
City/County Advances and Loans ~ $0 .J-. .__,__._~.9_.J..
U.S., Blate and Other Long-Term Debt L ___ -,.,_._JQ_J__.__..__J.!~.9.,gq.J.,_.L
Tol,il ExpunditlltuS ~.. .. .~.0_:!_~.~.'.~9_0_".~ __ .._:..,t1/!,~}_n._,0P,I!__..J.
Excess (Deficiency) Revenues ~.H_"_ '_~'~"~~.?."~_~~'_ _~ .__ ~j~1~Q~.~,!?_52LI_.
Over (Under) Expenditures
Revenue Bonds and
Certificates of Participation
~o_
1__.$.1,Q90JlQ.D_J
L.~oJ
..____eO_ ml___.,~,.__.~Q_L--.$I,Q9D~O(][]..
-$gJ--_~o_J $9
----.-$u
.$[]J
$~,Ql0.,11.?,l ,.,~Q-J
,.._.i$E,13'L1.8.[)L'_______.__lQ~,I, ,
_m__$(].,L_
..,_,$iJ....Lm
..$O..i
__,~1?O,OOI . i
.. .~l!L?n~_~,1..0..
.... ($1,363.4.9")
Expenditures - Consolidated
Page 2
12/2.1/2008
City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures
Othor FinancIng Sources (Uscs) ~ Consolidated
Fiscal Yuar
2000
Capital Project!;;
Funds
Proceeds of Long-Term Debt L
Proceeds of Hefunding Bonds I-
Payment to Refunded Bond Escrow L
Agent
"'" Advances from CitylCounty ,
I
~ Sale of Fixed Assets ~"
CJ1
W Miscellaneous Financing Sources (Uses) L
Operating Transfors III L
".fD ,
_fiLl
fOL
DuM Servico
FUl1lh..
.f.a.. L
_f9.J
. $.0 J,.,
Low/Moderate
lncolllu Housing
Funds
SpecIal
Revenue/Other
Funds
Total
n
I::
!'~
JoJ
fO I
. J$1.0_6,2,~~2), L
...,.,..$0 J
$42~c~'p L
.$9 J,
,_~O.J
...._ .._~:~d~?!?~? ...1
fO.1
u'19._L_.
.$9.L
$0 J
.__.__.J9J
$.0 ..1
I;
"
F
j(
"
,;,
r;
i:
"
'.:'
f:
$0
$U .. 1
,$0 I
$Q..J
$9..1..
IE,733)L._,
,.,.._$9..1._
I . $429,962
I .'.. $0 ,
L . . jE.9~4,m) .1
1,..$1,492,506. .
,._JO.
$,9
L
j'.
i;
I;
..,..$.0.
.$9
Tax 11H:rement Traruifers In
;',If:i;fln(";'N;'i;'%fl:",',I"ifjiWW,Li'[:!P}fc!'I;J\;':~i;:n;~::'::;i\~r\:J::\l{~Vi.i;l(~II~I"'*'J "<';"""'1 E~,'.>' "'Ii'" j'.~ \iil'll~" [; '-I~'J '
H'1i'iM;tiiil;!';~ '~\'ii'.~jlllll:W:;\'!!,i~4lV~~~d~!~&l~t~~~$j;~~,W,\'diU~ nu ._.,.~.~~.??i3~.?~_~Jtiilir)..;~&ii~i;~yl~J'l;,U;~?M~w~' ..__...~~~z.~~&q~..1
Operating Transfers Out
I. ,$J,~92.~B6u J
I $2,751\,660 ~,
u.$O, ' .m,."__ulQ_J..,, .., ..JQ.J$I,4~2.5B~,
Tax Incromcnt Transfers Out
(To the Low ami Moderate fncome
Housing Fund)
Total Other Financing Sources (Uses)
L 1$5,3ng~4) L
Olher Financing Sources (Uses) - Consolldaled
...~o ..J:~A*Illi~Z\:ifI&Ifu]f@~ir0~~F~}Ikfflti~&1~t~T~~1WJ. ,.J~t~5.8,fjGG
$1, ~?2. 5'IB .,~
F'ayu 1
EI56,933 I..,..
u._$O. .... ,.J$634, 163)
"]2f24/200B
City Of Chula Vista Redevelopment Agency
Redevelopment Agencies Financial Transactions Report
Statoment of Incoma and Expenditures
Other Financing Sources (Uses) - Consolidated
Capital Projects Debt Service Low/Moderate Special Total
funds Funds Income '-lousing RU~eJIUe/Olher
Funds Funds
A B C D E
Excess (Deficiency) of Revenues and L-
Other r-Jnandllg Sources over
Expenditures and Other Flnanclny Uses
(~45B,3.oB) t.. n.~82BC890 . L Jg3_6},?4DL ,.
J2. .~u.j$1,U913,65/)
.p. Equity Beginning of PerIod L . . Jg,71313L1I1J, ....~?_~1}N~ J, ..El1~.~?"?~~1..._.t ,_J9-1 _,.,_1~?\?,??!,1,~_~ I
I
~ Pdor Year Adjustments I 10 t ~O J ($9,~13.5.954JJ,. . J,Q. L JI,9,3(j5,95,4)
CJl -'--'- . ---- "
.p. Equity Transfurs r w L $0 1 .....JO,...~"...., _".10 .1 $0
Residual
other (Explain) I $0 . ~ ' $.0.1.. ,19 . ~ 19 L $.0... i
Equity, End of Poriod r ~.\cPQ9!,~~_~ J $1,423,591 J $1,Q,}7~,363. I $.0.1 _$_?9.1~_t:g~37
Olher finandng Sources (Uses) - Consolidated
Page 2
12/24/2008
California Redevelopment Agencies~Fiscal Year 2007/2008
Project Area Contributions to Low and Moderate Income Housing Funds
Seh A Project Area Summary Report
CHULA VISTA
Tax Iller. Percent Total
Project Area 100% of Tax 20% Set Aside Tax Increment Amount Deferral Deposited to of Tax Repayment Other Deposited to
Increment Requirement Allocated Exempted Repayment Hsng Fund Iner Dep Deferrals Income HaL/sing
BAYFRONT TOWN CENTER J $5,147,727 $1,029,545 $'1,031,174 $0 $0 $1,031,174 20.03% $0 $685,932 $1,717,106
MERGED PROJECT AREA $8,645,603 $1,729,121 $.1,727,492 $0 $0 $1,727,492 19.98% $0 $0 $1,727,492
~-
Agency Totals: $13,793,330 $2,758,666 $2,758,666 $0 $0 $2,758,666 20% $0 $685,932 $3,444,598
-1>0
I
~
(J1
(J1
Note: Print this report in Landscape Orientation (Use the Print Icon just above, then Properties then Landscape)
Page
of 1
12/22/08
California Redevelopment AgenciesR Fiscal Year 2007/2008
Project Area Contributions to Low and Moderate Income Housing Fund
Sch A Project Area Financial Information
Agency
Address
CHULA VISTA
276 FOURTH AVENUE
CHULA VISTA
91910
CA
'p ,
reject Area
BAYFRONT TOWN CENTER I
Type: Inside Project Area
Plan Adoption: 1974
Status: Active
Plan Expiration Year: 2029
Gross Tax
Increment
Calculated
Deposit
Amount
Allocated
Amount
Exempted
Amount
Deferred
$5,147,727
$1,029,545
$1,031,174
$0
50
Repayment
Cateqorv
Interest Income
Other Revenue
Rental/Lease Income
Sale of Real Estate
Total Additional Revenue
Total Housing Fund Deposits for Project Area
Total
Deposited
~
Cumulative
Def.
51,031,174
20.03%
$0
50
$482,026
5141,436
$20,866
$41,604
5685,932
$1,717,106
I
Project Area MERGED PROJECT AREA
I----------------__~---------------~------------------______________________________________________________________
Type: Inside Project Area Status: Active.
Plan Adoption: 1978
Plan Expiration Year: 2034
---------------------------------------------------~---------------------._--------------------~---------------
Gross Tax Calculated Amount Amount Amount Total ~ Cumulative
Increment Deposit Allocated Exempted Deferred Deposited Def.
58,645,603 $1,729,121 $1,727,492 $0 $0 $1,727,492 19.98% $0
Repayment $0
CateQorv
Total Additional Revenue 50
Total Housing Fund Deposits for Project Area $1,727,492
Agency Totals For All Project Areas:
Gross Tax Calculated Amount Amount Amount Total % Cumulative
Increment Deposit Allocated Exempted Deferred Deoosited Def,
$13,793,330 $2,758,666 $2,758,666 $0 $0 $2,758,666 20% $0
Page
12/22/08
of 2
4-156
California Redevelopment Agencies- Fiscal Year 2007/2008
Project Area Contributions to Low and Moderate Income Housing Fund
Sch A Project Area Financial Information
Total Additional Revenue from Project Areas:
$685,932
$0
$3,444,598
Total Deferral Repayments:
Total Deposit to Housing Fund from Project Areas:
Page 2 of 2
12/22/08
4-157
California Redevelopment Agencies - Fiscal Year 2007/2008
Sch A1B Project Area Program Information
CHULA VISTA
Project Area: MERGED PROJECT AREA
FUTURE UNIT CONSTRUCTION -- -- -- -- -- -- -- -- -- ---- -- -- -- ---- -- -- -- -- -- -- -- -- -- -- -- ---- ---- -- -- -- -- -- -- ---- -- -------
Estimated
Completion
Date
Contract Name
Execution
Date
Very Low
Low
Moderate
Total
Los Vecinos
02/06/08
04/01/09
33
9
o
42
Project Area: OUTSIDE PROJECT AREA
FUTURE UN IT CONSTRUCTION -- -- -- -- -- -- ------ -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- ---- -- -- -- -- -- -- -- -- -- ---- ---- -- -- -----
Estimated
Completion
Date
Contract Name
Execution
Date
Very Low
Low
Moderate
Total
The Landings
08/08/07
02/01/09
92
o
o
92
Page 1 of
12122/08
4-158
California Redevelopment Agencies. Fiscal Year 2007/2008
Sch 0 General Project Information
CHULA VISTA
Project Area Name: MERGED PROJECT AREA
Project Name: Community Housing Improvement Program (CHIP)
Address: Community Wide Chula Vista
Owner Name: Various
SPECIAL N EEOS UN ITS -- -- -- -- -- -- -- -- -- -- -- -- ---- -- -- -- -- -- -- -- -- -- -- ---- -- -- ---- -- -- -- -- -- -- -- -- -- -- -- -- ---
Cateoorv
Special Need Unit
Special Need Unit
Sub Cateoorv
Special Needs
Disabled (Physical)
Count
UNIT INVENTORY
PROJECT FUNDING SOURCE -- -- -- ---- ---- ------ -- -------- -------- ------ ---- -------------- -------------------
FundinQ Source
Federal Funds
Amount
$15,350
Page
of 4
12/24/08
4-159
California Redevelopment Agencies - Fiscal Year 2007/2008
Sch 0 General Project Information
CHULA VISTA
Project Area Name: MERGED PROJECT AREA
Project Name: Seniors on Broadway
Address: 825 Broadway Chula Vista 91910
Owner Name: MAAC Project
SPECIAL NEEDS UNITS
CateQory
Special Need Unit
Special Need Unit
Special Need Unit
Sub CateQory
Special Needs
Disabled (?hyslcal)
Elderly
Count
3
3
I
'UNIT INVENTORY
41
-----------------------------------------------------------------------------
Inclusionarv
Very Low Low Moderate Above Mod Became Total
IneliGible
Unit
New Construction
Rental
INon-Agency
I ,
IPROJECT FUNDING SOURCE ----------- -------- ---- -- --- ------ -- ----- -- -------- ---- ------------ -----------
I
I
I
I
I
Elderly
5
36
o
o
o
41
Unit Total
5
36
o
o
o
41
FundinQ Source
Amount
Federal Funds
Private Funds
Owner Equity
TCAC/State Award
$3,511,194
$1,225,000
$100,000
$6,059,249
Page 2 of 4
12/24/08
4-160
California Redeve10pment Agencies ~ Fiscal Year 200712008
Sch D General Project Information
CHULA VISTA
Project Area Name: OUTSIDE PROJECT AREA
Project Name: Community Housing Improvement Program (CHIP)
Address: 276 Fourth Avenue Chula Vista 91910
SPECIAL NEEDS UNITS - - ----- - ----- ------------------------------- --
Cateqory
Special Need Unit
SpecIal Need Unit
Sub Cateqorv
Special Needs
Disabled (Phys'cal)
Count
7
7
,
'uNIT INVENTORY
------------------~------------------~------------------------------------------------------
Very Low Low Moderate Above Mod Became Total
Ineliqible
Other Provided without LMIHF
Unit
Non-Substantial Rehabilitation
Non-Agency Owner Non-Elderly 4 0 0 0 0 4
INDn-Agency Owner Elderly 11 0 0 0 0 11
Unit Total 15 0 0 0 0 15
i
'PROJECT FUNDING SOURCE ------------ -- ------------------------ -------- -------------------------- ---------
Fundinq Source
Federal Funds
Amount
$174,069
I
I
I
,
UNIT INVENTORY
I
I
Project Name:
Address:
Owner Name:
Homebuyer Program
City Wide Chula 91910
Raul Benitez
Very Low
Low
Moderate
Above Mod
Became
Ineliqible
Total
Other Provided without LMIHF
Unit
I Acquisition Only
Non-Agency Owner Non-Elderiy 0 0 0 0
Unit Total 0 0 0 0
iPROJECT FUN DING SOU RCE -- -- -- ---- -- -- -- -- -- -- -- -- -- ---- -- -- ---- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- ---
I Fundinq Source Amount
Federal Funes $40,000
Page 3 of 4
12/24/08
4-161
California Redevelopment Agencies ~ Fiscal Year 2007/2008
Sch 0 General Project Information
CHULA VISTA
Page 4 of 4
12/24/08
4-162
SCHEDULE HCD E
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES
(This Form is Information Only: Actual Obligation is based on Implementation Plan)
Report Year: 2007/2008
Agency: CHULA VISTA
NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units
from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency).
I
PART I
lH & SC Section 33413(b)(1)]
AGENCY DEVELOPED
1. New Units 0
2. Substantially Rehabilitated Units 0
3, Subtotal - Baseline of Units (add line 1 & 2) 0
4, Subtotal of Inciusionary Obligation Accrued this Year for Units (line 3 x 30%) 0
5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%)
. 0
PART II
[H & SC Section 33413(b)(2)]
NON-AGENCY DEVELOPED UNITS
6. New Units , . 41
7. Substantially Rehabilitated Units 0
8. Subtotal - Baseline of Units (add lines 6 & 7) 41
9. Subtotal of Inciusionary Obligation Accrued this year for Units (line 8 x 15%)
6
10, Subtotal of Inclusionary Obligation Accrued th,s year for Very Low Income Units (line 9 x 40%)
2
PART III I
TOTALS
11, Total Increase in Inciusionary Obligations During This Fiscal Year (add line 4 & 9) 6
12, Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year (add line 5 & 10) 2
Caiiiomia "<edevelooment Agenc:es - ~i5Gal Year 2.C07l2008
Sc:nedule E(11/01)
Jctals rnaY:Jeimpacted by rounding
12/2'\12008
Page 1 of 1
4-163
SCHEDULE HCD E1
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES
(This Form is Information Only: Actual Obligation is based on Implementation Plan)
Report Year: 2007/2008
Agency: CHULA VISTA
Project Area: MERGED PROJECT AREA
Project: COMMUNITY HOUSING IMPROVEMENT PROGRAM (CHIP)
NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units
from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency).
PART I
[H & SC Section 33" 13(b)(1)J
AGENCY DEVELOPED
1, New Units . I 0
2. Substantially Rehabilitated Units 0
3, Subtotal - Baseline of Units (add iine 1 & 2) 0
4, Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0
5, Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0
PART II
[H & SC Section 33413(b)(2)]
NON-AGENCY DEVELOPED UNITS
6. New Units 0
7. Substantially Rehabilitated Units 0
8, Subtotal - Baseline of Units (add lines 6 & 7) 0
9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 0
10. Subtotal of Inclusionary Obligation Accrued this year for Very Low' Income Units (line 9 x 40%) I 0
PARI III
TOTALS
11 Total increase in Inclusionary Obligations During This Fiscal Year (add line 4 & 9) I 0
I 12, I otal increase in Very Low income Units Inclusionary Obiigations Dunng I his Fiscal Year (add line 5 & 10) I 0
California Redevelopment Agencies - Fiscal Year 200712008
Scheduie :(11/01)
'iotals may be impacted by rounding
12/24/2008
Page 1 of 3
4-164
SCHEDULE HCD E1
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES
(This Form is Information Only: Actual Obligation is based on Implementation Plan)
Report Year: 2007/2008
Agency: CHULA VISTA
Project Area: MERGED PROJECT AREA
Project: MAIN PLAZA
NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units
from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency).
PART I
[H & SC Section 33413lb)1 1)]
AGENCY DEVELOPED
1. New Units I 0
2. Substantially Rehabilitated Units 0
3. Subtotal - Baseline of Units (add line 1 & 2) 0
'". Subtotal of Incluslonary Obligation Accrued this Year for Units (line 3 x 30%) 0
5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0
PART II
[H & SC Section 33413(b)(2)]
NON-AGENCY DEVELOPED UNITS
6. New Units I 0
7. Substantially Rehabilitated Units . 0
8. Subtotal - Baseline of Units (add lines 6 & 7) 0
9. Subtotai of Inclusionar; Obligation Accrued this year for Units (line 8 x 1 ,,%) 01
10. Subtotal of Incluslonary Obligation Accrued this year for Very Low Income Units (line 9 x 40%) I 0
PART III
TOTALS
11. Total Increase in Inclusionary Obligations During This Fiscal Year (add line" & 9) I 0
12. Total Increase in Very Low Income Units Inclusionary Obligations During ThiS Fiscal Year (add line 5 & 10) 0
::airfomia Hece\felopment Agencies - Fiscal Year 2007120C8
3cnecule.;::(1'oIC1)
Totols may be impacted by rounding
12/24/2008
Page 2 of 3
4-165
SCHEDULE HCD E1
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES
(This Form is Information Only: Actual Obligation is based on Implementation Plan)
Report Year: 2007/2008
Agency; CHULA VISTA
Project Area: MERGED PROJECT AREA
Project: SENIORS ON BROADWAY
NOTE; This form is a summary of the totals of all new construction or substantial rehabilitation units
from forms HCD-D7 which are developed in a project area by any entity (agency or non-agency).
PART I
[H & SC Section 33413(b)(1)]
AGENCY DEVELOPED
1. New Units I 0
2. Substantially Rehabilitated Units 0
3. Subtotal - Baseline of Units (add line 1 & 2) 0
4. Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%) 0
5. Subtotal of Inclusionary Obligation Accrued this year for Very-Low Income Units (line 4 x 50%) 0
PART II
[H & SC Section 33413(b)(2)]
NON-AGENCY DEVELOPED UNITS
6. New Units I 4-
.1
7. Substantially Rehabilitated Units 0
8. Subtotal - Baseline of Units (add lines 6 & 7) 41
9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%) 6
10. Subtotal of Inciusionary Obligation Accrued this year for Very Low Income Units (iine 9 x 40%) I 2
PART III .
TOTALS
11. Total Increase in Inclusionary Obiigations During This Fiscal Year (add line 4 & 9) I 6
12. I otallncrease in Very Low Income Units Inclusionary Obligations During This Fiscal Year (add line 5 & 10) 2
Caiifor.1ia Redevelooment Agencies - Fiscal Year 2007,'2008
Sc~eduie :: (11/01)
'ToT.aismaybe'lmpactedbyrouncing
12/24/2008
Page 3 of 3
4-166
CHULA VISTA
REDEVELOPMENT
AGENCY
AGENDA STATEMENT
Ji\.'.'\TUARY 20, 2009, Item S
SUBMITTED BY:
RESOLUTION OF THE CffiJLA VISTA REDEVELOPMENT
AGENCY [A] AUTHORIZING A1'l INTERFUND LOAN UP TO
$855,797 FROM THE LOW M'D MODERATE INCOME
HOUSING FUND TO THE REDEVELOPMENT FUNDS FOR THE
STATE REQUIRED ERAF PAYMENT; A1"u [B] AUTHORIZING
NECESSARY BUDGET ADJUSTMENTS TO APPROPRlATE THE
INTERFUNu LOAN OF $855,797 A1'lD THE BALANCE OF
$977,307 REQUIRED BY AB l~~VORA TOTAL OF $1,833,104.
DEPUTY CITY. MANAGERtit'1 . DEVELOPMENT SERVICES
DIRECTOR
CITY NlANAGE~
ITEM TITLE:
REVIEWED BY:
4/5THS VOTE: YES ~ NO D
SUMMARY
Assembly Bill (AB) 1389 of 2008 added Section 33684 to the Health and Safety Code (H&S).
This new section of the'H&S code requires redevelopment agencies to remit a prescribed share
of a cumulative contribution to the Educational Revenue Augmentation Fund (ERAF) by May 10
2009. In addition, ABI389 required all agencies to review pass-through payments made from
fiscal years 2003 through 2008 and remit any outstanding payments by February 1,2009. The
current calculation issued by the County of San Diego (County) on outstanding pass through
payments is $977,307 together with the ERAF payment of $855,797 brings the total outstanding
obligation of the Chula Vista Redevelopment Agency (Agency) to over $1.8 million:
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed activity for compliance with
the California Environmental Quality Act (CEQA) and has determined that the activity is not a
"Project" as defined under Section 15378(b)(4) of the State CEQA Guidelines because it
involves a governmental fiscal action which will not result in direct or indirect physical changes
or impacts to the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA
Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary.
5-1
JA-NUARY 20,2009 Item2
Page 2 of 4
RECOMJVIENDATION
Adopt the resolution
BOARDS/COMMISSION RECOlYl.tvIENDATION
Not Applicable
DISCUSSION
Assemblv Bill 1389
AJ31389 added a new Section to the Health and Safety Code requiring redevelopment agencies to
remit a prescribed ERAF share ($855,797). Additionally, each redevelopment agency underwent
a review of pass-through requirements from fiscal years 2003 through 2008. As a result of this
review, the County has opined that the Agency is subject to pass-through requirements on
"Unitary Tax" revenue, which includes proportionate tax revenue on the countywide taxable
value for public utilities. This new interpretation creates an outstanding pass-through obligation
of almost a million dollars. The current County calculation ($977,307) together with the ERAF
payment ($855,757) brings the total outstanding obligation of the Agency to over $1.8 million.
Staff identified budget savings in the current year by keeping vacant positions frozen and
postponing Capital Improvement Projects (CIP) and other projects until next year in order to
make a portion of the payments. The Agency does not have the full amount outstanding without
either borrowing from California Statewide Communities Development Authority (CSCDA) or
from the Low and Moderate Income Housing Fund. At this time, staff recommends a loan from
the Low and Moderate Income Housing Fund to help the Agency make the ERAF payment.
AB 13 89 brings a significant financial impact and aggressive deadlines. Below is a time line to
show the short turn around time for these impacts:
9130/08 AB1389 approved
10/31108. Chula Vista reports were submitted to the County to meet
the 11/1108 deadline
11112/08 State of California sends all redevelopment agencies a notice
. of their respective ERAF payment ($855,797 for CVRA)
12/01108 County transmits results of pass-through audit with a new
outstanding obligation of $977,307 on Unitary Tax Revenue
12/22/08 Agency submits dispute letter to the County Auditor &
Controller'
1/08/09 Agency and County staff meet to discuss dispute. No
resolution is found. County will bring up the matter when
they meet with the State Controller's Office and other
counties. In the meantime, they will try to obtain a legal
opinion regarding their position.
1/30/09 Deadline for agencies to remit payment of any outstanding
pass-through payments to the taxing.entities
5/1 0/09 Deadline for agencies to make the mandated ER.A.f payment
5-2
JANUARY 20, 2009 Item5
Page 3 of 4
As these regulations were approved after the Agency's budget was adopted, the Agency Board
will have to approve budget adjustments in order to make the required payments.
Proposed Dispute Actions
On December 22, 2008, the Agency submitted its statement of dispute regarding the inclusion of
unitary tax revenue as part of tax increment revenue in determining pass-through payments. This
dispute is not isolated to Chula Vista and is being addressed individually by other local
jurisdictions as well as at the State level by the California Redevelopment Association with the
State Controller's Office. The Agency continues to discuss the matter with the County Auditor.
Should this dispute not be resolved immediately the Agency must remit payment prior to
February 1, 2009, or face sanctions and late payment penalties. The Agency would remit the
payment with a statement of protest and a request for a refund of this payment should the matter
be resolved in the Agency's favor. The Agency would continue to work on resolving this issue
at both the County and State level.
Low and Moderate Income Housing Fund Loan
State regulations allow agencies to borrow up to 50% of the current year revenues to the Low
and Moderate Income Housing Fund in order to make the ERAF payment. This loan must be
repaid within 10 years. In accordance with standard practice, this loan will assess interest at the
interest pool rate. Loan repayments will be budgeted through the norma] budget process, based
on available revenue.
Budget Savings
The full pass-through payment will have to be budgeted in the current year. In order to come up
with enough budget savings mid-year, Redevelopment Agency staff is working closely with the
Finance Department to identify $977,307 in budget savings through this fiscal year.
Salary Savings-There are several positions that have been frozen and are expected to be
eliminated in the 2009-2010 budget. These frozen positions will result in $249,378 in salary
savings in the current year.
ClP-There are two capital projects (Bayfront Master Plan and 99/Palomar St.) that are
complete and can be closed out, which bring a budget savings of $] 55,386. There are also
two capital projects that will have funding reduced by $115,OQO (Storefront Renovation and
SW Planning & Civic Engagement).
Supplies & Services-A number of projects are being postponed until next fiscal year, or
work anticipated by outside consultants will be done in-house. Together with reductions in
any line item that can be reduced, we anticipate a savings in the Services and Supplies
category by $385,479.
General Fund Staff Time Reimbursement-At this point staff anticipates a reduction in budget
available for General Fund Staff Time Reimbursement by $72,064. This translates to a
General Fund impact, as those revenues have already b;en budgeted in the General Fund. If
additional budget savings can be realized in the RDA budget, then the impact to the General
Fund can be minimized.
5-3
JA.c'<1J.A.RY 20,2009 Item 5
Page 4 of4
DECISION MAKER CONFLICT
Staff has determined that the action contemplated by this item is ministerial, secretarial, manual,
or clerical in nature and does not require the City Council members to make or participate in
making a governmental decision, pursuant to California Code of Regulations section 18702.4(a).
Consequently, this item does not present a conflict under the Political Reform Act (CaL Gov't
Code S 87100, et seq.).
FISCAL IMP ACT
The outstanding pass-through payments, together with the ER..A.F payment, brings the total
outstanding obligation of the Agency to over $ 1.8 million. As the Agency does not have these
additional funds available, staff recommends a loan from the Low and Moderate Income
Housing Fund. The Agency can only borrow from the Low and Moderate Income Housing Fund
for the amount of the ERAF payment The loan of $855,797 from Low and Moderate Income
Housing Fund must be repaid within 10 years and would carry interest.
The amount of outstanding pass-through payments ($977,307) is still under dispute, but must be
paid by February I, 2009. The Agency will have to remit payment and request a refund if this
amount decreases. Staff identified budget savings in the current year by keeping vacant positions
frozen and postponing projects until next year in order to make a portion of the payments. At
this point staff anticipates a reduction in budget available for General Fund Staff Time
Reimbursement by approximately $72,000. This translates to a General Fund impact, as those
. revenues have already been budgeted in the General Fund. If additional budget savings can be
realized in the RDA budget, then the impact to the General Fund can be minimized.
ATTACHMENTS
None
Prepared by: Amanda lVli!ls, Redevelopment & Housing Manager, Development Services Department
5-4
RDA RESOLUTION NO. 2009"
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
AGENCY [A] AUTHORlZING AN INTERFUND LOAN UP TO
$855,797 FROM THE LOW AND MODERATE INCOME HOUSING
FUND. TO THE REDEVELOPMENT FUNDS FOR THE STATE
REQUIRED ERAF PAYMENT; A.1'\fD [B) AUTHORlZING
NECESSARY BUDGET ADJUSTMENTS TO APPROPRIATE THE
INTERFUND LOAN OF $855,797 AND THE BALANCE OF $977,307
REQUIRED BY AB 1389 FORA TOTAL OF $1,833,104
WHEREAS, Assembly Bill (AB) 1389 of 2008 added Section 33684 to the
Health and Safety Code (H&S) requiring redevelopment agencies to remit a prescribed
share to the Educational Revenue Augmentation Fund (ERAF); and
WHEREAS, the Redevelopment Agency of the City of Chula Vista (the Agency)
has a prescribed ERAF share of $855,797 due by May 10, 2009; and
WHEREAS, AB 1389 also required each redevelopment agency to go through a
County review of pass-through requirements from fiscal years 2003 through 2008; and
WHEREAS, the County of San Diego has opined that the Agency is subject to
pass-through requirements on "Unitary Tax" revenue. This new interpretation creates an
outstanding pass-through obligation of $977,307, due by February 1, 2009; and
WHEREAS, the Agency continues to discuss the matter with the County Auditor.
Should this dispute not be resolved immediately the Agency would remit the payment
with a statement of protest and a request for a refund of this payment should the matter be
resolved in the Agency's favor; and
WHEREAS, State regulations allow agencies to borrow up to 50% of the current
year revenues to the Low and Moderate Income Housing Fund in order to make the
ERAF payment; and
WHEREAS, Staff identified budget savings in the current year by keeping vacant
positions frozen and postponing projects until next year in order to make a portion of the
payments; and
WHEREAS, the Agency has insufficient funds to make the ERAF payment and
must borrow from the Low and Moderate Income Housing Fund; and
WHEREAS, the funds borrowed from the Low and Moderate Income Housing
Fund will be repaid within lO years from the date the funds are remitted to the County
Auditor; and
5-5
WHEREAS, the Agency desires to borrow the amount of the ERAF payment
($855,797) from the Low and Moderate Income Housing Fund; and
NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the
City of Chula Vista does hereby declare as follows:
[A] The Chula Vista Redevelopment Agency does hereby authorize an
interfund loan' up to $855,797 from the low and moderate income housing fund to
the Redevelopment funds for the state required ERAF payment; and
[B] The Chula Vista Redevelopment Agency does hereby amend the
FY 2009 Redevelopment Agency Budget to appropriate the interfund
loan of $855,797 and the balance of $977,307 required by ABI389 for a
total of $1,833,104.
{\~/ i
W~tt{ 1/
Bart Miesreld
'Agency Counsel
Presented by:
Gary Halbert
Deputy City Managerl
Development Services Director
5-6
CITY COUNCIL
AGENDA STATEMENT
~. "",.- t"
~lff:.. ClIT OF
jIIIII~- - (HULA VISTA
JA1'WARY 20, 2009, Item~
SUB.MITTED BY:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA DECLARING ITS INTENTION TO
ESTABLISH THE CHULA VISTA AUTO PARK
BUSINESS I.1vlPROVElvIENT DISTRICT ["BID"]
PURSUANT TO THE .PARKING AND BUSINESS
It\i!PROVEMENT LAW OF 1989
DEPUTY _CJrl MANAGERlDEVELOPMENT SERVICES
DIRECTO~ .
CITY MANAGERY
4/STHS VOTE: YES U NO ~
ITEM TITLE:
REVIEWED BY:
SUMMARY
For the past year, city staff has been working with the automobile dealers in the Chula
Vista Auto Park on the formation of a Business Improvement District (BID). The district
will provide a self-funding mechanism to allow for the promotion and marketing of auto
dealers within the Auto Park.
ENVIRONMENTAL DETEAAllNATION
The Environmental Review Coordinator has reviewed the proposed actIvIty for
compliance with the California Environmental Quality Act (CEQA) and has determined
that the activity is not a "Project" as defined under Section 15378 of the State CEQA
Guidelines; therefore, pursuant to Section 15060 (c)(3) of the Slate CEQA Guidelines the
activity is not subject to CEQA. Thus, no environmental review is necessary.'
RECOMMEi'l1)ATION
Council adopt the resolution.
BOARDS/COMMISSION RECOMMENDATION
Not applicable.
DISCUSSION
Business Improvement Districts (BIDs) represent an innovative approach to business
promotion and service delivery. BIDs have traditionally been established by groups of
local businesses and property owners to improve specific business areas through
beautification efforts, increased maintenance, local promotion, special events, and other
activities selected by the local BID board. Funding is derived from voluntary assessments
6-1
JANUARY 20, 2009, Item &,
Page 2 of3
The Chula Vista Auto Park began in the 1990's with two automobile dealerships. Over
the past few years, the Auto Park has grown to five dealerships, with a sixth anticipated
to begin construction in the spring of 2009. While the Auto Park has enjoyed a level of
success to date, the dealers and city staff have continually looked for ways to expand the
public's awareness of the Chula Vista Auto Park.
For the past several months, city staff has been working with the auto dealers on the
formation of the Chula Vista Auto Park BID. The proposed district would require that all
new and used car dealerships pay an assessment based upon a formula that utilizes their
gross taxable sales. The formula would assess each auto dealer a minimum of $3,000 per
month and a maximum of $6,000 per month. The money would be paid into a fund that
could be used to pay for marketing and advertising to promote the Auto Park as a
destination point, a banner program, the maintenance and operation of a potential Auto
Park directional sign, employee parking shuttle, and day-to-day administration and staff
for the district. .
The BID proposes that each business paying the assessment will be a voting member of
the Board. The BID would have a board of directors (Board) appointed by the City
Council. As new and used auto dealers locate in the auto park, upon adoption of a
resolution of the City Council, they will become voting members of the Board. The board
will submit an annual budget and an annual report to the City Council for review and
approval. .
Exhibit B of the proposed Resolution details the proposed boundary of the Chula Vista
Auto Park BID. While the district encompasses an area greater than the current auto park,
it was determined that all properties that may potentially contain future new and used car
dealerships should be included in the district boundary. If a new or used dealer comes
into the auto park, they are required to begin paying the assessment once they begin to
make taxable sales. It is important to note that ONLY new and used car dealerships are
subject to the assessment. Existing commercial and industrial businesses, as well as
vacant land within the District will not be required to pay the assessment.
The attached resolution is the first action required for the formation of the Chula Vista
Auto Park BID. State law requires that the City shall first declare its intent to establish
the district and levy the assessment, and establish the date and time for a public hearing
on the formation of the BID. The adoption of the resolution establishes February 10,
2009 as the date of the public hearing. At the public hearing an Ordinance will be
introduced that, upon adoption, will allow for the formation of the Auto Park BID.
DECISION MAKER CONFLICT
Staff has reviewed the property holdings of the City Council and has found no property
holdings within 500 feet of the boundaries of the property which is the subject of this
action.
FISCAL IMPACT
There will be no impact to the City's General Fund as a result of this action. The City's
future role in the BID will be to review and approve both the annual budget and annual
financial report. All the costs of the operation of the district will be paid by the auto
dealers.
6-2
JA1"TUi\RY 13,2009 Item~
Page 3 of3
DECISION MAKER CONFLICT
Staff has reviewed the property holdings of the City CouncillRDA Members and has
found no property holdings within 500 feet of the boundaries of the property which is the
subject of this action.
FISCAL IMP ACT
There will be no impact to the City's General Fund asa result of this action. The City's
future role in the BID will be to review and approve both the annual budget and annual
financial report. All the costs of the operation of the district will be paid by the auto
dealers.
ATTACHMENTS
1. Resolution
Prepared by: Craig Ruiz, Principal Economic Development Specialist, Office of Economic Development
6-3
RESOLUTION NO. 2009-
RESOLUTION OF TIIE CITY COUNCIL OF THE CITY OF
CHULA VISTA DECLARlNG ITS INTENTION TO
ESTABLISH THE CI-flJLA VISTA AUTO PARK BUSINESS
IMPROVEMENT DISTRlCT ["BID"] PURSUA1'lT TO TIIE
PARKING AND BUSINESS IMPROVEMENT LAW OF 1989
WHEREAS, the Parking and Business Improvement Area Law of 1989 (Streets and
Highways Code Section 36500 et seq., hereafter referred to as the "Law") is intended to aid in
the promotion of physical and other improvements and activities v,ithin local business districts;
and
WHEREAS, the City Council of the City of Chula Vista desires to form a parking and
business improvement area, to be known as the "Chula Vista Auto Park Business Improvement
District" (the "District") pursuant to the Lmv, to promote the. proposed area as a premier
employment and commercial area, and specifically to aid in the promotion of local transportation
sales businesses located in the proposed area; and
W1-!EREAS, the transportation sales businesses in the proposed area have been given an
opportunity to review the proposed Management District Plan (the "Plan," which is comprised of
Exhibits "A," "B," "C," "D" and "E," attached to this Resolution) that describe the activities and
improvements, the proposed area, and the amounts and methodology for levying assessments
upon the businesses located within the area, and have indicated their support for the formation of
this District by submitting petitions supporting the District formation; and
WHEREAS, after a preliminary review for compliance with the California
Environmental Quality Act (CEQA) staff has determined that the activity is not a "Project" as
defined under Section 15378 of the State CEQA Guidelines because the action only involves
fiscal issues which do not involve any commitment to any specific project which may result in a
potentially significant physical impact on the environment; therefore, pursuant to Section
15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Staff has further
determine that
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
as follows:
1. The City Council declares its intention to form a parking and business improvement area
to be known as the "Chula Vista Auto Park Business Improvement District" (the "District")
pursuant to the Law.
2. The area to be included in the District includes those businesses engaged in the sale of
new vehicles for transportation (including but not limited to automobiles, trucks and motor
homes); collectively hereafter referred to as "transportation sales businesses" and identified as
such by designations within the North American Industrial Code bearing those code numbers
6-4
Resolution No. 2009-
Page 2
identified in Exhibit "A," attached hereto and incorporated herein by this reference. The
businesses are located within the area of Chula Vista: (a) fronting along that street known as
Main Street/Auto Park Drive, within the boundaries of Interstate 805 on the west and Nirvana
Avenue on the east; and (b) fronting on the side streets off Auto Park Drive specifically
identified in the Plan. The precise business areas and.boundaries for the District are described in
Exhibit "B," attached hereto and incorporated herein by this reference.
3. The purpose of forming the District as a parking and business improvement area is to
provide revenues ("District revenues") to cover the cost of services and programs that will
benefit the assessed businesses within the area. The services and programs to be provided and
paid for by the District revenues are described in Exhibit "C," attached hereto and incorporated
herein by this reference.
4. All transportation sales businesses will be assessed, on a per-business license basis, a
share of the cost of the services and programs, according to the following criteria: (See Exhibit
"0," attached hereto. and incorporated herein by this reference).
Initial Six-Month Period
During the first six months after the effective date of the District, each transportation sales
business will be assessed the sum of $3,000.00 per month.
Remaining Term(s) of District
Following the Initial SLx-Month Period, during the remammg term(s) of the District,
including any renewals of the District pursuant to Law, each transportation sales business will be
assessed according to the following measures:
(a) $3,000.00 per month, if the annualized taxable sales attributable to the business
license are equal to or less than $24,000,000.00;
(b) A sum equal to .0015% of the average quarterly taxable sales, if the annualized
taxable sales attributable to the business license are equal to or more than $24,000,001.00;
(c) Notwithstanding the formula set forth in (b), above, the maximum assessment shall be
$6,000.00 per month, regardless of the actual annualized taxable sales attributable to the business
license.
The total assessment collected from any new transportation sales business under the
provisions of the resolution shall be at least $36,000.00 per year, but shall not exceed $72,000.00
per year.
New Businesses
While the Law provides for an option to exempt new businesses from the payment of the.
assessment for the first year of operation, businesses locating within the District after the date on
6-5
Resolution No. 2009-
Page 3
which the District is formed ("new business") shall not be exempt from the payment of the
assessment, for a period of one year from the date on which the new business commences
operating in the District.
5. The assessment to be established shall be a monthly charge, collected by a third party
Consultant acceptable to the City of Chula Vista and the BID board of directors. The Consultant
shall collect the minimum monthly charge, then reconcile each transportation sales business'
account on a quarterly basis and charge such additional amounts to each transportation sales
business, as called for under the' Plan and this resolution. Additional assessment amounts shall
be paid within thirty (30) calendar days of receiving notice from the Consultant, advising the
transportation sales business of the additional amounts required.
6. Pursuant to the ordinance to be adopted, establishing the District, the failure to timely pay
any assessment shall be considered a breach of the terms upon which the transportation sales
business holds its business license, and will result in'the City's revocation of the transportation
sales business' license, or refusal to renew it upon the annual expiration of the license.
7. The City Council finds and determines that the public convenience and necessity require
the establishment of the area herein described, and that all of the covered transportation sales
businesses within the area will be specially benefitted by the expenditure of the funds raised by
the assessments proposed to be levied.
8. Pursuant to California Government Code section 54954.6, notice is given that on
February 10,2009, at 6:00 p.m., in the City Council chambers of the City of Chula~Vista, located
at 276 Fourth A venue, Chula Vista, California, the City COLillcil shall conduct a public hearing
where any and all persons having any desire to be heard on this matter, may appear and state
their views regarding the establishment .of the above-described District, including the extent of
the District area, the method of assessment, or the proposed services and programs.
9. Pursuant to California Streets & Highways Code section 36525, valid written protests
from business owners who would pay fifty percent (50%) or more of the assessments proposed
to be levied will prevent further action from being taken to form the District, for a period of one
(1) year from the date the City Council fmds a majority protest exists.
10. Pursuant to California Streets & Highways Code section 36523, the City Council hereby
directs the City Clerk to give proper notice of the above-described hearing; by both publication
and mailing in accordance with the Law.
Presented by
Approved as to 'form by
James D. Sandoval
City Manager
,
\
6-6
Resolution No. 2009-
EXHIBIT A
NORTH AMERICA.t~ INDUSTRIAL CODES (N.A.Le). CODES FOR
AFFECTED BUSINESSES IN THE CHULA VISTA
AUTO PARK BUSINESS IMPROVEMENT DISTRICT
Those NAIC Code numbers will include:
Type of business NAlC Code - 2007
Automobile dealers 4411
New Car Dealers 44111
New Car Dealers 441110
Used Car Dealers 44112
Used Car Dealers 441120
Other New Motor Vehicle 4412
Dealers
New' Recreational Vehicle 44121
Dealers
New Recreational Vehicle 441210
Dealers
All other New Motor 441229
Vehicle dealers
Each new transportation sales business license holder within the confines of one
common lot is considered one separate entity for assessment purposes, including
those situations when a single one person or corporation owns multiple new
vehicle dealerships.
J:\CrJig\AutQP'lJ"!c\.BID\AgendaBill.adoplianIBIDReso-12Q09-linaJcredils.doc
6-7
Resolution No. 2009-
EXHIBITB
BOUNDARlES AND MAP OF THE CHULA VISTA
AUTO PARK BUSINESS IMPROVEMENT DISTRICT
Boundaries: Along Main Street/Auto Park Drive, in general, from:
Highway 805 on the west;
Nirvana Avenue on the east including all commercially zoned parcels in
between Nirvana and Highway 805;
All of the side streets off of Auto Park Drive that can legally accommodate
transportation sales businesses;
Street and Address series for boundaries of new district:
Street Address Series
Auto Park Drive 505 - 4555
Auto Park Place 1860 - 1890
Brandywine Avenue 1669 - 1690
Main Court 1810 -1820
Any and all new transportation sales related business license holders falling within
these boundaries will automatically be included in this assessment district. There
are currently five dealerships that would be assessed using the above criteria.
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Resolution No. 2009-
EXHIBITC
SERVICES A1'ID PROGRA1\11S TO BE FUNDED BY THE BUSINESSES IN THE
CHULA VISTA AUTO PARK BUSINESS INlPROVEJ\JIENT DISTRICT
Purpose of the Chula Vista Auto Park Business'Improvement District:
The Chula Vista Auto Park BID will serve as a funding mechanism for some or all
of the following special services to market and promote Auto Park Drive new
transportation related businesses;
~ the construction .and maintenance of the new vehicle dealers freeway sign,
which may be constmcted by the City of Chula Vista, will be included as a
service or program funded by the proposed BID. The BID new vehicle
dealers within the BID will participate in the design operations and
maintenance of the new freeway sign;
~ pay for marketing and advertising to promote the street as a destination
point;
~ pay for enhanced median maintenance along Auto Park Drive within the
boundaries of the district;
~ employee parking shuttle,
~ banner program for street to promote district;
~ organizational operations and staff;
~ day-to-day administration of and staff for the District
l:\C~ig\AulO Park\BID\Ag~nda Bill- adoJllion\8IDReso-l 20 09-fmal r:r ~diIS.doc
6-10
Resolution No. 2009-
EXHIBIT D - ASSESSMENT FORMULA, MINIMUM AND MAxIMUM
Assessments raised throuzh three tiered svstem: Mandatory assessments/fees
raised through levies on transportation related sales/businesses within a defmed
geographical area (Auto Park Drive), as follows:
a. Base amount: In the first six months of adoption of the ordinance,
there will be a mandatory minimum payment from each .transportation
sales business in the amount of $3,000 per month per business. Car
dealers/owners with separate brands pay on the basis of each business
license received. from the City for first six months of assessment
district. Therefore, during the first six months of the districts'
formation, the monthly budget will be $15,000 per month.
b. After six months of adoption of the district, the three tiered system
with minimums and maximums is applied.
c. Tiered system is based upon the fact that all dealers, regardless of type
and style of vehicle, pay a base assessment of$3,000 per month.
1. Any sales above $ 24,000,001 in annualized sales, after the first six
months of the district, will pay at a rate of .0015% of the average
quarterly sales. ($ 24 million in sales per year times .0015 =
$36,000 per year).
2. Maximum amount: The maximum amount any dealer can pay is
$6,000 per month - therefore annualized sales above $48,000,001
per year are capped at $6,000 per month.
J:\Crnig\.Auto ?ark\BlD\Agenda Bill. adOl'tion\BIDReso-l 20 09-linal cr edits_doc
6-11
Resolution No. 2009-
Sample Assessment Methodology Based Upon Existing
Five Transportation Dealers - March 2008
Annual Taxable Sales Factor Annual Assessment. Monthly Charge
(1 %) per dealer (Divided by 12)
$ 10,000,000 .0015 $ 36,000.00 $ 3;000.00
Minimum
$ 20,000,000 .0015 $ 36,000.0 I $ 3,000.00
Minimum
$ 24,000,000 \.0015 $ 36,000.00 $ 3,000.00
Minimum
$ 30,000,000 I .0015 $ 45,000.00 $3,750.00
$ 35,000,000 .0015 $ 52,500.00 $ 4,375.00
$ 40,000,000 . .0015 $ 60,000.00 $ 5,000.00
$ 45;000,000 .0015 $ 67,500.00 $ 5,625.00'
$ 48,000,000 I .0015 $ 72,000.00 $ 6,000.00
$ 52,000,000 I ,0015 $ 72,000.00 $ 6,OQO.00
$ 60,000,000 .0015 $ 72,000.00 $ 6,000.00
Collection: Collection will be done on a monthly basis, by third party
acceptable to the City of Chula Vista and the BID board of directors.
Collection (requencv: Assessments are to be collected on a monthly basis from
contribution by each transportation business. sales business license holder
according to the ordinance. These sales tax figures will be reconciled, once
sales taxes for a given quarter have been revealed by the state to third party
agent of the City of Chula Vista.
l:\Cr...;g\Auto P:lrk\BIDlAgenda Bill _ adoplion\BmR~so- \ 20 09-final <;r edits. doc
6-12
Resolution No. 2009-
EXHIBIT E - ROSTER OF THE CHULA VISTA AUTO PARK. BID BOARD OF
DIRECTORS
NAME
BUSINESS
DOUG FULLER
DOUG FULLER
TONY MCCUNE
ED WESCHE
WAYNE MEYER
FULLER FORD
FULLER HONDA
MCCUNE CHRYSLER, JEEP, DODGE
PEOPLE'S CHEVROLET
CHULA VISTA TOYOTA
J:\Craig\Auto ParklBID\Agenda Bill - adoptionlBlDReso-l 20 09-linal cr edits.doc .
6-13
CITY COUNCIL
AGENDA STATEMENT
JANUARY 20,2009, Item-L
ITEM TITLE:
A. RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CHULA VISTA ENDORSING THE CITY
MANAGER'S PROPOSED "CHULA VISTA FISCAL
HEALTH PLAN"
B. ORDINANCE OF THE CITY OF CHULA VISTA
ADDING CHAPTER 3.38 TO TITLE 3 OF THE CHULA
VISTA MUNICIPAL CODE ESTABLISHING A
TRANSACTIONS A."ID USE TAX TO BE
ADMINISTERED BY THE STATE BOARD OF
EQUALIZATION
SUBMITTED BY:
C. RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CHULA VISTA CALLING AND GIVING NOTICE
OF A SPECIAL MAIL BALLOT ELECTION TO BE
HELD IN SAID CITY ON TUESDAY, MAY 5, 2009, FOR
THE PURPOSE OF SUBMITTING TO THE QUALIFIED
ELECTORS OF THE CITY, A MEASURE RELATING
TO THE ESTABLISHMENT OF A LOCAL
TRANSACTIONS AND USE (SALES) TAX;
REQUESTING THE BOARD OF SUPERVISORS OF
THE COUNTY OF SAN DIEGO TO PERMIT THE
REGISTRAR OF VOTERS TO CONDUCT SUCH
ELECTION; AUTHORIZING THE CITY CLERK OR
HER DULY AUTHORIZED AGENTS TO CARRY OUT
THE NECESSARY PROCEDURES FOR SUCH
ELECTION; AND DIRECTING THE CITY ATTOlUiEY
TO PREPARE AN IMPARTIAL ANALYSIS OF THE
MEASURE
CITY MANAGE~
4/STHS VOTE: YES ~ NO D
7-1
k
JANUARY 20, 2009, Item~
Page 2 of 13
SUMMARY
On January 13, 2009, the City Council of Chula Vista authorized the City Manager to
implement a budget reduction plan to mitigate projected budget shortfalls in the current and
next fiscal year, totaling $3.9 and $20.0 million respectively. These reductions will have
significant impacts on delivery of public services thereby affecting the health, safety and
welfare of the City. In order to reduce the impacts of these reductions and ensure the long-
term fiscal stability of the City, adoption of the City Manager's Proposed 'Chula Vista
Fiscal Health Plan' is recommended. The first step in implementing' the strategy is Council
consideration of an ordinance establishing a general purpose local transactions and use
(sales) tax, to be considered by the qualified electorate at a Special Mail Ballot Election to
be called and held on May 5, 2009.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has conducted a preliminary review of the
proposed action for compliance with the California Environmental Quality Act
("CEQA") and recommends that the City Council hereby find and declare that the
proposed activity is statutorily exempt from environmental review pursuant to Articles 5
and 18 of the California Code ofRegl.llations.
RECOMMENDATION
That Council:
1. Approve the resolution endorsing the City Manager's proposed "Chula Vista
Fiscal Health Plan"
2. Adopt the ordinance amending the Municipal Code to add Chapter 3.38
establishing a transactions and use tax to be administered by the State Board of
Equalization
3. Approve the resolution:
a. Calling and giving notice of a Special Mail Ballot Election to be held on
May 5, 2009;
b. Submitting to the qualified electors of the City a measure relating to
establishing a local transactions and use (sales) tax to be administered by
the State Board of Equalization;
c. Authorizing the City Clerk or her duly authorized agents to carry out the
necessary procedures for such election; and
d. Directing the City Attorney to prepare an impartial analysis of the measure
BOARDS/COMMISSION RECOMMENDATION
Not applicable
DISCUSSION
In December of 2007, the national economy officially entered a recession; now projected to
be the worst economic downturn since 1929. This significant decline in economic activity
has severely impacted all sectors; including government agencies. As a result of reduced
revenues, local governments must identify other means of closing budget gaps (bringing
revenues' in line with expenditures). Unlike the federal government, state and city
7-2
. JANUARY 20, 2009, Item~
Page 3 of 13
governments are unable to run deficits during economic downturns; they must draw down
reserves, cut expenditures, or raise taxes to balance budgets. The severity of the impacts
resulting from these budget shortfalls increase with each successive economic downturn, as
reserves are exhausted and organizations are streamlined to increase efficiencies. Many
governments are now turning to layoffs to reduce their expenditures; a decision which
further depresses consumer spending and the economy as a whole.
According to the Center on Budget and Policy Priorities, 44 states are projecting shortfalls in
the current or next fiscal year. Midyear shortfalls in fiscal year 2008-09 totaling $42 billion
are projected in 41 states and the District of Columbia. The total projected shortfall
increases in fiscal year 2009- I 0 to $80 billion, and is anticipated to reach as high as $ I 45
billion. In total, state budget deficits over the next two and a half years are likely to total
$350-370 billion. The State ofCalifomia alone is projecting a budget shortfall in the current
fiscal year of $8 billion, increasing to $42 billion next year. These same economic forces
are impacting cities throughout the country and Chula Vista is no exception.
CHULA VISTA BUDGET SHORTFALLS
Over the last few years the City of Chula Vista has experienced a precipitous decline in
revenues resulting from the slwnping economy, housing crisis, and slowdown in
development activity. The City has made significant program and personnel reductions
during this time in order to bring expenditures in line with diminished revenues.
Prior Budget Reductions
The Council adopted fiscal year 2007-08 budget incorporated a budget reduction plan
reducing net cost expenditures by approximately $10.1 million; eliminating 34.25 vacant
positions; extending the mandatory furlough to all staff; and increasing salary savings by
actively managing vacancies. The Council adopted fiscal year 2008-09 budget incorporated
a budget reduction plan reducing net cost expenditures by an additional $26. I million and
eliminating 145 permanent benefited positions. Most recently, Council approved
elimination of 10.5 positions in the Development Services Fund in order to reduce
expenditures to mitigate revenue shortfalls resulting from the slowdown in development.
In total, the above budget reduction plans have resulted in a net reduction of 160.75
positions, including 12 employee layoffs to date. The nwnber of layoffs would have been
much larger if not for an ongoing hiring freeze, the elimination of most vacant positions, and
two early retirement programs. The impacts of these expenditure and staffmg reductions are
already being felt by the community, including elimination of the Fourth of July Fireworks
on the Bayfront, reduced hours of operation at recreation facilities, and reduced street and
park maintenance.
7-3
JANUARY 20, 2009, Item~
Page 4 of 13
Current Budget Shortfall
The City's fmancial outlook has continued to deteriorate as the entire nation has entered
what has become a global recession. General Fund revenues are currently projected to
come in $5.5 million dollars below budget (3.9%) in fiscal year 2008-09 and are
projected to drop another $3.1 million (2.2%) in fiscal year 2009-10. The anticipated
shortfalls are primarily due to significant decreases in the City's top revenue sources -
Property Taxes, Motor Vehicle License Fees, and Sales Taxes.
. Property Taxes - In developing the budget for the current fiscal year, property tax
revenues were projected to increase 3.9%, however, due to declining assessed
property values and the slow down in new home construction, the actual growth is
only 2.2%. Through January 2008 the City's aggregate property values have
dropped $1.1 billion as a result of reassessments. In the current year the impact of
the decline in assessed values was partially mitigated by the addition of the SR
125 with an assessed valuation of $600 million. However, based on the most
current information provided by the County Assessor's Office, property tax
revenue is projected to decrease by 3.9% in fiscal year 2009-10 as a result of the
continued decline in housing values and additional requests for reassessments of
residential properties.
. Motor Vehicle License Fees - Motor Vehicle License Fees are based on the
ownership of a registered vehicle and are administered through the State of
California. In 1998, the State Legislature reduced the fee from 2% to 0.65%,
resulting in a negative impact to local governments. The State replaced these
funds with offsetting property tax revenues. As a result of this change, MVLF is
susceptible to changes in assessed value - combined with property taxes 36% of
the City's total revenues are now susceptible to fluctuations in property assessed
values.
. Sales Taxes - Decreases in sales tax revenue reflect historical lows being reported
for consumer confidence. The ongoing housing and credit crisis combined with
continued job loss do not point to a quick recovery in this revenue source. The
fiscal year 2008-09 budget assumed a moderate 2% increase for sales tax revenue.
However, due to the worsening economic condition coupled with poorer than
expected sales tax numbers in the most recent quarter, sales tax revenue is now
projected to decrease by 5% in the current fiscal year and an additional 2%
decrease next fiscal year.
The City is now facing a $3.9 million deficit in fiscal year 2008-09 and an estimated
$20.0 million deficit in fiscal year 2009-10 for the City's operating fund. City
management has worked with department directors to develop a plan that addresses these
projected budget shortfalls. The process began with labor and employee briefmgs in late
October. These briefmgs were followed by an employee focus group that developed cost
saving ideas that were forwarded to department directors; department directors then
considered the feasibility of incorporating these measures into the overall budget
7-4
JANUARY 20, 2009, Item~
Page 5 of 13
reduction plan for the department. Finally, as with previous processes, employee
suggestions were encouraged and sought at all levels of the organization. The process
resulted in the budget reduction plan presented by the Interim City Manager in December
of 2008. The plan reflects a significant reduction in force, as nearly 80% of the City's
budget is allocated to personnel costs.
Since the original presentation of the budget reduction plan in December, a number of
actions have been taken. First, the Council approved an early retirement program in
December. The total savings that will result from this program are not yet known; however,
the budget reduction plan will continue to evolve to account for vacancies created by
retirements. Next, the City Manager's office initiated a citywide organizational
restructuring. This reorganization condensed eight departments into three, eliminated two
department heads, and will result in annual savings of approximately $500K. Then, as a
result of the significant decline in revenues, the $3.9 million deficit in fiscal year 2008-09
and an estimated $20.0 million deficit in fiscal year 2009-10, as well as the ongoing budget
structural imbalance that requires permanent solutions, on January 8, 2009 the City Council
unanimously declared a fiscal emergency by resolution.
In addition to these measures, the City has entered into negotiations with all represented
bargaining groups to discuss the elimination of Cost of Living Adjustments (COLAs)
scheduled to go into effect in January 2009 and 2010. Two of the City's four bargaining
groups (Chula Vista Employees Association and the Western Council of Engineers) have
agreed to eliminate their COLAs for 2009 and 2010, saving the City approximately $640K
in fiscal year 2008-09, $1.9 million in fiscal year 2009-10, and as much as $2.6 million
annually beginning in fiscal year 20 I 0-11. With these reductions, the City is now facing an
unmitigated budget shortfall in fiscal year 2008-09 of $3.2 million, and an ongoing shortfall
of $16.8 million. These numbers will be reviewed in conjunction with the 2nd Quarter Fiscal
Report to Council.
On January 13, 2009, the City Council approved a resolution authorizing the City Manager
to implement a budget reduction plan to mitigate budget shortfalls projected in the current
and next fiscal year. The plan reflects the elimination of COLAs for the two applicable
bargaining units, but still results in the elimination of 136.5 positions, and may result in an
as many as 101 layoffs. The City will continue to work with the two remaining bargaining
groups in an effort to realize personnel expenditure savings via wage concessions, thereby
limiting the number of layoffs and service impacts.
The budget reduction plan as adopted will result in significant service impacts to the
community, including elimination of select programming at recreation facilities and reduced
hours of operation; elimination of all library programs and outreach; transfer of the
STRETCH and DASH program to another vendor; reduced traffic infrastructure and park
maintenance; and increased response times for public safety services.
In response to these anticipated service impacts and the input received during public
comment from the community, and with the goal of seeking long term fmancial stability, a
'Chula Vista Fiscal Health Plan' has been prepared. Council is now being asked to endorse
this plan.
7-5
JANUARY 20, 2009, Item~
Page 6 of 13
CITY MANAGER'S 'CHULA VISTA FISCAL HEALTH PLAN
The proposed 'Chula Vista Fiscal Health Plan' is intended to preserve City services,
mitigate the current budget crisis, and provide long-term fmancial stability for the City of
Chula Vista. The plan further proposes to accomplish these goals while engaging the
community and increasing transparency and accountability. To follow is a summary of the
proposed plan; an overview is included as Attachment 2.
Reduce Operating Expenditures
Although these departments are as lean as possible, the City Manager's Office will bnng in
an outside expert to conduct a thorough operational review. This unbiased analysis will
evaluate efficiency throughout the organization. Additional discussions will be held with
the City's bargaining groups in an effort to identifY other cost saving measures.
Increase Revenues
The fIrst step in implementing the Fiscal Health Plan is the adoption of 1.00% sales tax, for
a I O-year period. This tax is projected to generate approximately $22 million annually. The
funds generated would fIrst be used to mitigate the current budget gap and rebuild the City's
reserves. The remaining funds would be invested in the City, including infrastructure
improvements and other one-time projects.
Formation of a Citizens' Review Committee to provide oversight to the sales tax increase
program will be required by the sales tax ordinance. The committee will have two
important tasks: recommending to the City Council those areas where additional monies
should be directed (after basic services and reserves are replenished); and annually
reviewing the expenditure of the additional sales tax monies.
Many sales tax measures cover a 20-30 year time frame. The proposed lO-year term is
anticipated to be a sufficient period to stabilize the City's fmancial condition.
Economic Development and Job Creation
The next component of the proposed Fiscal Health Strategy is the continued development
and diversifIcation of the City's revenue base. Potential future growth areas include sales
tax and transient occupancy tax (TOT) from new and expanded commercial development in
the City's Bayfront and through a Western Chula Vista Revitalization Program.
Development of the Eastern Urban Center and the University and Technology Park will
further cement the City's future fiscal stability by providing high paying local jobs.
Budget Reforms
In addition to securing additional revenues, the proposed Fiscal Health Strategy
recommends implementation of a number of budget reforms. The following concepts will
guide the City's budget reforms, ensuring the ongoing fIscal health of the City.
. Incorporation of economic analysis and long-term planning into decision making;
. Spending within the organization's means;
. Being transparent about the true cost of doing business;
. Understanding variances between budgeted and actual expenditures; and
. Establishing and maintaining reserves.
7-6
JANUARY 20, 2009, Item~
Page 7 of 13
Specific actions recommended in the short term include the following:
. Implementation of a zero-base budget process;
. Cross-departmental analyst support;
. Modify the existing General fund reserve policy;
. Detailed analysis of short term and long term impacts of Council actions in staff
reports; and
. Development of a City of Chula Vista Financial Strategy.
Approval of Resolution A will endorse the City Manager's proposed "Chula Vista Fiscal
Health Plan". The flIst step in implementing the plan is Council consideration of a local
sales tax increase.
AUTHORITY TO LEVY A LOCAL SALES TAX
The California Revenue and Taxation code authorizes the levy of a transactions and use tax
(a sales tax or 'district' tax) by any county, city, city and county, or any other governmental
agency. More than one tax can be levied in a district, and both the City and the County have
the authority to levy a district tax. Section 7251.1 of the Code limits the total combined rate
at the city/county level to 2.00%. In 2004, the voters of San Diego County approved the
Transportation Sales Tax (TransNet) which imposed a 0.50% district sales tax throughout
the County. This leaves 1.50% of the 2.00% district tax cap available to the City of Chula
Vista. Any increase of the statewide rate does not impact the 1.5% available to Chula Vista,
but would result in a higher overall rate applicable within the district.
California Revenue and Taxation Code Section 7285.9 authorizes the City Council to levy
the district transactions and use tax at a rate of 0.25 percent or a multiple thereof, providing
the ordinance adopting the tax is approved by a two-thirds vote of the City Council. In
Chula Vista, this equates to a four-fifths approval requirement. Approval of the tax then
requires either a majority vote (for a general tax) or a two-thirds vote (for a special tax) of
the qualified voters ofthe city voting in an election on the issue.
Article XIII C of the California Constitution, established by Proposition 218, distinguishes
between a special tax and a general tax. The differences are described below.
Special Tax
Special tax revenues must be used for a specific purpose, and two-thirds of voters must
approve a new special tax, its increase, or extension. The ordinance creating a special tax
must also include an expenditure plan describing the specific projects which the revenues
from the tax may be expended on. A special tax may be placed on any election, with no
tirning restrictions.
General Tax
General tax revenues may be used for any purpose, and a majority of voters must approve a
new general tax, its increase, or extension. While a general tax measure cannot identify
specific items to be funded with the resulting revenues, agencies are able to place a
companion advisory measure on the ballot. Such a measure would be subject to the same
majority approval. Lastly, pursuant to California Constitution Article XIII C Section 2(b), a
general tax election must be consolidated with a regularly scheduled election of the
7-7
JANUARY 20, 2009, Item~
Page 8 of 13
members of the local government's governing body. A general tax may only be placed on a
special election, including a mail ballot election, if the governing body unanimously
declares a fiscal emergency. (Ibid. and Chula Vista Charter, Article 9 Section 902.)
The California Elections Code designates the dates of both general and special elections.
The next general election in Chula Vista will be held in June of 2010. The next special
election is May 5, 2009, a designated mail ballot election date (California Elections Code
Section 1500). As a result of this fiscal emergency and the imminent threat to public
services, consideration of a general tax on the May 5, 2009 special mail ballot election is
recommended. As discussed above, on January 8, 2009, the City Council approved
Resolution 2009-00 I declaring a fiscal emergency in the City of Chula Vista (Attachment
A).
AUTHORITY TO CONDUCT A MAIL BALLOT ELECTION
Section 4000 of the California Elections Code details the requirements for conducting an
election wholly by mail. The election must meet the following three requirements:
I. The governing body of the local agency must authorize the use of mail ballots for
the election;
2. The election must be held on a designated mail ballot election date pursuant to
Section 1500 ofthe California Elections Code; and
3. The election must be one of eight authorized election types. Elections Code
Section 4000( c )(8) is an election or assessment ballot proceeding required or
authorized by Article XIII C or XIII D of the California Constitution.
Article IX, Section 902, of the Chula Vista City Charter defines the procedure for holding
elections in the City of Chula Vista. Per the Charter, all elections shall be held in
accordance with the California State Elections Code. The Charter further authorizes the
conduct of elections wholly by means of mailed ballot, except in the instances of
elections to select the mayor or members of the Council. The Chula Vista City Charter
therefore meets the first requirement of Section 4000 of the California Elections Code.
The final two requirements of Section 4000 are also met by the City. The proposed
special mail ballot election date of May 5, 2009 is a designated mail ballot date pursuant
to Section 1500 of the California Elections Code. And, as described above, a general
local transactions and use (sales) tax measure is authorized and required by Article XIII C
of the California State Constitution.
PROPOSED CHULA VISTA TRANSACTIONS AND USE (SALES) TAX
The sales tax rate currently applied in the City of Chula Vista is 7.75%. This includes a
combined statewide amount of 7.25%, and a San Diego County district tax of 0.50% for
the TransNet program. Of the total 7.75% collected, the City receives 1.00%. Pursuant
to California Revenue and Taxation Code Section 7251.1, the combined rate of all taxes
imposed in any county may not exceed 2.00%. A general purpose tax increase of one
percent (1.00%) is recommended, with a 10 year program sunset. This increase is
7-8
JANUARY 20,2009, Iteml
Page 9 of 13
projected to annually generate more than $20 million in additional revenues; with actual
revenues determined by economic conditions. The tax would go into effect on the first day
of the first calendar quarter commencing more than 110 days after the approval of the
ordinance by the electorate. (California Revenue and Taxation Code Section 7265). Staff
anticipates an October I, 2009 effective date if approved. No companion advisory measure
is recommended.
The tax would be paid in addition to the existing sales tax and would be collected at the
same time and in the same manner as the existing sales tax. As with the existing tax, the
new district tax would be collected by the State Board of Equalization, however all revenues
generated by the tax would be dedicated to Chula Vista and could not be diverted to the state
or other agencies. Because the proposed tax would be a "general tax", the revenues from
the tax would go into the City's general fund and could be used for any legal municipal
purpose. Finally, the ordinance would require audits, operational reviews, and quarterly
reports to the Mayor and City Council.
The ballot language to be presented to the voters is as follows:
To prevent further cuts and preserve general city services,
including public safety staffing for emergency response, reducing
crime and criminal gang/drug activity, maintaining city
streets/parks, and preserving youth/after-school programs; shall
the City of Chula Vista adopt an ordinance enacting a one cent
transactions and use (sales) tax, expiring in ten years, with
mandatory audits, quarterly reports to Mayor and City Council,
and a citizens' review committee?
If approved, the ordinance would impose a transaction (sales) tax at the rate of one percent
(1.00%) of the gross receipts of any retailer from the sale of all tangible personal property
sold in the City. The ordinance would also impose a use tax on the storage, use, or other
consumption in the City of tangible personal property produced from any retailer at the rate
of one percent (1.00%) of the sales price of the property. State law provides a variety of
exemptions to the sales and use tax, including resale, interstate sales, intangibles, food for
home consumption, candy, bottled water, natural gas, electricity and water delivered through
pipes, prescription medicines, agricultural feeds, seeds, fertilizers and sales to the federal
government.
Also of note is the allocation of transactions and use taxes in the instances of a sale or
lease of a vehicle, vessel, or aircraft. In these transactions, the tax is charged and
allocated based on the location in which the property will be registered. For example, if
Chula Vista adopted a district transactions and use tax, Chula Vista citizens will pay that
tax when they purchase a vehicle, even if the purchase is made in a neighboring city that
has no local transactions and use tax (e.g. San Diego). In contrast, if they purchase a
book in San Diego they will not pay any district transactions and use ta'i:, but they will if
they buy the book in Chula Vista.
7-9
JANUARY 20, 2009, Item~
Page 10 of 13
CROSS-JURISDICTIONAL COMP ARlSON
Total Applicable Tax Rate - Statewide
As of January I, 2009, there are 1,773 cities in the state of California subject to a
transactions and use (sales) tax. Of this amount, 642 or 36%, collect only the statewide
rate of 7.25%. The remaining 1,131, or 64%, collect an additional district transactions
and use tax. These additional taxes may be levied at either the county or city level, but
may in no instance cmnulatively exceed 2.00%. As previously described, the applicable
sales tax rate in Chula Vista is currently 7.75%. This includes the statewide rate of
7.25% and the San Diego County TransNet tax of 0.50%.
District Transactions and Use (Sales) Tax Rates - Statewide
As of January 1,2009, there are 62 California cities collecting a district transactions and
use (sales) tax at the city level. These taxes are in addition to any district transactions and
use (sales) taxes applied at the County level. The following table summarizes these city
district sales taxes.
DISTRICT TAX RATE # OF CITIES % OF TOTAL
0.25%
0.50%
0.75%
1.00%
9
43
3
7
62
15%
69%
5%
11%
100%
Chula Vista does not currently collect a city-level district transactions and use (sales) tax,
and is therefore not reflected in the above table. If the proposed measure is approved by
the voters, Chula Vista will join the 62 other cities in the state collecting a citywide tax.
November 4,2008 Election Results
Jurisdictions throughout the state took advantage of the anticipated increased voter
turnout for the November 4,2008 election to present a nmnber of district transactions and
use tax measures to the voters. In total, 35 district tax measures were placed on the
ballot. Of these, one measure related to the repeal of the National City sales tax, and two
measures were companion advisory measures. The repeal of the National City sales tax
was defeated, with 57.3% opposed to the measure. One advisory measure was approved
and one was defeated, both in accord with their subject sales tax measures. The
remaining 32 measures are summarized in the following table.
7-10
JANUARY 20,2009, Iteml
Page 11 of 13
Special Tax versus General Tax
Special Tax 13 7 54% 6 46%
General Tax 19 15 79% 4 21%
32 22 10
Measures by Rate
0.125% 1 1 100% 0 0%
0.25% 7 5 71% 2 29%
0.50% 15 11 73% 4 27%
0.75% 6 3 50% 3 50%
1.00% 3 2 67% 1 33%
32 22 10
Measures by Duration
1 - 10 years 4 3 75% 1 25%
11 - 20 years 10 7 70% 0 30%
~
21 - 30 years 3 0 100% 0 0%
~
31 - 40 years 1 1 100% 0 0%
No sunset 14 8 57% 6 43%
32 22 10
The proposed Chu1a Vista district transactions and use tax is a general tax. As detailed in
the above table, 79% of the general tax measures on the November 4, 2008 ballot were
approved. The proposed Chu1a Vista rate is 1. 00%, with a 10- year duration. Of the three
measures proposing a 1.00% increase on the November 4 ballot, two, or 67% were
approved. Of the four measures with a program duration of 10 years or less, three, or
75% were approved.
San Diego Countv
All cities in San Diego County collect a sales tax of 7.75% or higher, comprised of the
7.25% statewide tax and t1fe 0.50% TransNet tax. Four cities in the County have
approved additional transactions and use taxes applicable within their jurisdictions: E1
Cajon, National City, Vista, and La Mesa. The La Mesa tax is not yet in effect, as it was
approved by the voters in the recent November 4, 2008 general election. This same
election included a measure to increase the existing E1 Cajon rate of 0.50% by an
additional 0.50%, for a total district tax rate of 1.00%. The current effective rates and the
results of the November 4,2008 election are summarized in the following table.
7-11
JANUARY 20,2009, Item ""=t
Page 12~
TOTAL DISTRICT GENERAL!
RATE RATE START SPECIAL "I., VOTER
.JURISDICTION (%) ('Yo) DATE TERl'\i1 PURPOSE APPROVAL
El Cajon 8.25% 0.50% 04/01/2005 10 Years Special 68.9%
ational City 8.75% 1.00% 10/01/2006 10 Years General 59.0%
ista 8.25% 0.50% 04/01/2007 30 Years General 54.0%
November 4, 2008 Election
El Cajon 8.75% 0.50% 04/01/2009 20 Years General 51.8%
a Mesa 8.50% 0.75% 04/01/2009 20 Years General 55.5%
Proposed May 5, 2009 Election
Chula Vista 8.75% 1.00% 10/01/2009 10 Years General >50%
If approved, the proposed Chula Vista district tax would result in the same applicable tax
rate as National City and El Cajon. The proposed 10 year duration is consistent with
National City and the original El Cajon programs. The newly approved additional 0.50%
in El Caj on is effective for 20 years.
PROCESS
In order to proceed, pursuant to California Revenue and Taxation Code Section 7285.9 and
other applicable state law, the City Council must first enact an ordinance amending the
Municipal Code by adding Chapter 3.38, entitled "Transactions and Use Tax", thereto.
The next step is adoption of a resolution calling and giving notice of a Special Mail Ballot
Election to be held on May 5, 2009, and ordering the submission of a proposition to the
voters at said election, to consider approval of the ordinance. The estimated cost for a mail
ballot is $255,000 to $285,000. Savings have been identified for this purpose in the budget
reduction plan approved by Council on January 13, 2009. Staff recommends using these
savings to fmance an election, if authorized by Council.
Should an election occur on May 5 and the measure pass, the City would begin realizing
new revenues in late calendar year 2009 at an estimated value of at least $10 million for
fiscal year 2009-10. The additional revenues resulting from a local general purpose tax
would be available to restore City services impacted by recent budget reductions. In the
community briefmgs and Council workshops, community members expressed support for
increasing sales tax in order to continue to fund public services.
Ballot Arguments
California Elections Code Section 9282 allows the legislative body, any member or
members of the legislative body authorized by that body, any individual voter who is
eligible to vote on the measure, or bona fide association of citizens, or any combination
of voters and associations, to subrnit an argument for or against a measure placed on the
ballot by the legislative body. Arguments may not exceed 300 words in length, and must
be submitted to the City Clerk no later than Tuesday February 3rd, 2009.
7-12
JAl'JUARY 20, 2009, Item r::r
Page 13 ofl3
Pursuant to a resolution previously adopted by the Council allo'Wing rebuttal arguments,
rebuttal arguments will be allowed, in accordance with Elections Code Section 9285.
Rebuttal arguments may not exceed 250 words, and must be submitted to the City Clerk
no later than Friday February 13th, 2009. '
DECISION MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined that it is
not site specific and consequently the 500 foot rule found in Califomia Code of
Regulations section 18704.2(a)(I) is not applicable to this decision.
FISCAL IMPACT
The estimated cost for a mail ballot is $255,000 to $285,000. Sufficient savings have
been identified to mitigate these costs.
Should an election occur on May 5, 2009 and pass, the City would begin realizing new
revenues in late calendar year 2009 at an estimated value in excess of$IO million for fiscal
year 2009-10. The increase is projected to generate over $20 million in additional revenues
on an annual basis; with actual revenues determined by economic conditions. The
additional revenues resulting from a district general purpose tax would be available to
restore City services impacted by recent budget reductions. In the community briefmgs and
Council workshops, community members expressed support for increasing the sales tax rate
in order to continue to ftmd public services.
ATTACHMENTS
1. Resolution 2009-001, Resolution of the City Council Declaring a Fiscal Emergency
2. Chula Vista Fiscal Health Plan Overview
7-13
ATTACHMENT 1
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF
CHULA VISTA DECLARING A FISCAL EMERGENCY
WHEREAS, at the time the 2008-2009 Budget was enacted it reflected budget reserves
for Fiscal Year 2008-2009 totaling $9.3 million; and
WHEREAS, at that same time, as a result of spending requirements embedded in law and
increased program costs as a result of inflation, workload and population-driven program growth,
the Finance Department projected shortfall between revenues and expenditures in Fiscal Year
2008-2009 would be $3.9 million and for Fiscal Year 2009-2010 would be approximately $20.0
million; and
WHEREAS, since the enactment of the 2008-2009 Budget, the City has faced the same
economic challenges that are affecting the rest of the state and nation, in large part as a result of a
slowing housing market, down-turn in the economy and fmandal instability; and
WHEREAS, these economic challenges have resulted in a $5.5 million reduction in the
General Fund revenue forecast for Fiscal Year 2008-2009 below the revenue forecast used when
the 2009 Budget was enacted, and
WHEREAS, expenditures from the General Fund during Fiscal Year 2008-2009 are
projected to be lower than the original adopted budget by approximately $1.6 million resulting in
a projected budget deficit of$3.9 million; and
WHEREAS, the Finance Director now reports that this combination of lowered revenue
receipts and projections and anticipated expenditure savings has resulted in a projected budget
shortfall for Fiscal Year 2008-2009 of $3.9 million, as well as a cumulative budget shortfall in
Fiscal Year 2009-2010 of $20.0 million; and
WHEREAS, due to the significant projected budget shortfall, City Council has reviewed
and discussed this matter, and has taken public input, at noticed public meetings on November
17, 2008 (Council Budget Workshop), December 4, 2008 (Council Budget Workshop),
December 9, 2008 (Council Meeting), December 16, 2008 (Council Meeting) and January 6,
2009 (Council Meeting); and
WHEREAS, the City is negotiating with all of the City's bargaining groups in an effort to
reduce expenditures and declaring a fiscal emergency will assist in said negotiations; and
WHEREAS, this declaration of a fiscal emergency is being made to give the City Council
greater flexibility in establishing remedial measures including identifying potential state and
federal grants or other funding sources; and
1=~4
WHEREAS, the Finance Director further reports that the available General Fund reserves
for Fiscal Year 2008-2009 would be reduced to $5.4 million and that for Fiscal Year 2009-2010
there would be insufficient reserves to offset the projected deficit in Fiscal Year 2009-2010.
NOW, TIlEREFORE, the City Council of the City of Chula Vista does hereby fmd and
declare that a fiscal emergency exists and identifies the nature of this fiscal emergency to be the
projected budget imbalance and reduced available General Fund reserves for Fiscal Year 2008-
2009 and insufficient available General Fund reserves to offset the projected budgetary deficit in
Fiscal Year 2009-2010, which are anticipated to result from the lower than estimated General
Fund revenues in Fiscal Year 2008-2009 and increased Fiscal Year 2009-2010 expenditures.
Presented by
Approved as to form by
James D. Sandoval
City Manager
PASSED, APPROVED, AND ADOPTED by the City Council of the City of Chula Vista
at its meeting held on the _ day of ,2009, by the following roll call vote:
AYES:
NOES:
ABSENT:
COUNCILMEMBERS:
COUNCILMEMBERS:
COUNCILMEMBERS:
CHERYL COX, MAYOR
ATTEST:
DONNA NORRIS, CMC
CITY CLERK
1, City Clerk of the City of Chula Vista, do hereby certify the foregoing to be a true and exact
copy of Resolution No. - A Resolution of the City Council of the City of
Chula Vista Declaring a Fiscal Emergency
CITY CLERK
J: \Attom-::y\MicltaelSh \BudgetIF iscalEmergencyR~olution-Fina1. doc
17.61 5
ATTACHMENT 2
Chula Vista
FISCAL HEALTH PLAN OVERVIEW
~
CHUlA VISTA FISCAL HEALTH PLAN OVERVIEW?
Over the past two years, the City of Chula Vista has been grappling with a series of budget cuts that have
taken a toll on City staff and the services they provide to residents and businesses. library hours and
recreation programs have been cut back, parks are no longer maintained at the same level, and patrol
officers have less time to address serious crime. The City Manager's Budget Reduction Proposal approved
by City Council January 13, 2009, calls for even more drastic cuts to close this year's $3.9 million gap and
fix an ongoing $20 million deficit.
It's time to stabilize our financial condition and preserve essential community services. That can be
accomplished by enacting an .overall plan to ensure the fiscal health of our City.
A virtual halt in local development and the national housing and credit crisis took a disastrous toll on our
finances. The revenue base dropped dramatically while our operating expenses continued to climb. To
cope with this imbalance, Chula Vista reduced expenditures over the past two years by $26 million and cut
more than 160 positions.
Our City's financial woes worsened as the entire nation entered what has become a global recession, the
most serious economic crisis since the Great Depression, At the state level, the Governor and legislators
are describing the current condition as an economic meltdown. Cities across the state and around the
country are struggling to stay afloat. In Chula Vista, another 136 employee positions are in jeopardy,
threatening a further degradation of city services. To avoid this worst case scenario, I am proposing the
following four point plan:
I. Reduce Operating Expenditures - Following a reorganization that reduced eight departments down to
three and saved $500,000, we continue to look for other opportunities to streamline City operations. To
ensure that our departments are as lean as possible, I recommend a citywide independent operation
review, an unbiased analysis to evaluate efficiency throughout the organization. We will continue
working closely with employee groups to identify more savings, Recently, two employee groups voted to
eliminate their upcoming cost of living adjustments, a savings that allows the City to avoid approximately
30 employee layoffs, thereby restoring some community services slated for elimination. +
n. Increase Revenues I propose that City Council authorize a special mail ballot election to ask
residents to approve a sales tax increase of 1 % for a I imited ten year period. Every year the increase
would provide the City with an estimated $20 million, enough monies to preserve the level of service
residents experience and expect today as well as allow Chula Vista to restore our depleted reserves.
Any additional funding will be used to address community needs such as infrastructure. In the interest
of transparency, I suggest the creation of a Citizens Review Committee to make recommendations to
City Council about how and where additional sales tax revenues should be spent. +
ill. Economic Development and Job Creation - In order to obtain long term fiscal sustainability, Chula
Vista must position itself for economic recovery and step up efforts to lay the groundwork for exciting
new projects that will attract high paying jobs and increase transient occupancy and sales taxes. From
building the Eastern Urban Center and establishing a university and technology park on the east to
developing the bayfront and launching a revitalization program on the west, the City has a number of
excellent opportunities to help stabilize our local economy. +
N, Budget Reforms - As the City continues to streamline operations, pursues an increase in the sales tax
and focuses on job creation, it must also enact budget reform and create a comprehensive city finan-
cial strategy. I will work with the City Council and the community to develop this strategy. I will
implement a zero-based budgeting process and direct Department Heads to provide short and long
term budget ramifications of any recommended actions brought forward to Council. City budget
analysts will spend time in the operating departments to identify savings. In addition, I will ask the
City Council to revisit the reserve policy. If residents are being asked to pay a higher sales tax, they
need to be assured that the City is being fiscally responsible by increasing reserves to guard against
future economic fluctuations. +
ct,~,
~.".
.::'~
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-n-
- ------
cnv OF
CHUlA VISTA
276 Fourth Avenue . Chula Vista, CA 91910
www,chulavistaca.gov
7-19
RESOLUTION NO.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ENDORSING THE CITY MANAGER'S
PROPOSED "CHULA VISTA FISCAL HEALTH PLAN"
WHEREAS, since the enactment of the 2008-2009 Budget, the City has faced the same
economic challenges that are affecting the rest of the state and nation, in large part as a result of a
slowing housing market, down-turn in the economy and financial instability; and
WHEREAS, the City is currently projecting General Fund budgetary gaps of $3.9 million and
$20.0 million for fiscal years 2008-2009 and 2009-2010 respectively; and
WHEREAS, staff previously presented City Council with a financial update and detailed
descriptions of potential budget reductions on November 17, 2008 (Council Budget Workshop),
December 4, 2008 (Council Budget Workshop), December 9, 2008 (Council Meeting), December 16,
2008, (Council Meeting), January 6, 2009 (Council Meeting) and January 13, 2009 (Council Meeting);
and
WHEREAS, at the January 13, 2009 City Council meeting the City Council authorized
the City Manager to implement the Budget Reduction Plan to address the projected budget
deficits of $3.9 million in the current fiscal year and approximately $20.0 million in the next
fiscal year; and
WHEREAS, the Budget Reduction Plan will result in the elimination of 136.5 positions
and may result in as many as 101 layoffs and significant reductions in city services; and
WHEREAS, at the January 20, 2009 City Council meeting, the City Manager and City
Staff presented the City Council with the "Chula Vista Fiscal Health Plan," outlining a multi-
faceted approach to mitigate the service impacts outlined in the Budget Reduction Plan.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby adopt a resolution endorsing the City Manager's Proposed "Chula Vista Fiscal
Health Plan," as presented by the City Manager at the January 20, 2009 City Council meeting,
and summarized in the accompanying Agenda Statement.
Presented by
Approved as to form by
/.---~ ~:
\ .
/,..-. i
\ L '! J '. i
([iirt ylie; Ii
1C'<frtf Attorney
James D. Sandoval
City Manager
7-20
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF CHULA VISTA
ADDING CHAPTER 3.38 TO TITLE 3 OF THE CHULA
VISTA MUNICIPAL CODE ESTABLISHING A
TRANSACTIONS AND USE TAX TO BE
ADMINISTERED BY THE STATE BOARD OF
EQUALIZATION
WHEREAS, the City of Chula Vista ("City") may impose a local transactions and
use tax increase for general purposes with the approval of the majority of voters in the
city; and
WHEREAS, Chapter 3.38 of the Chula Vista Municipal Code establishes a
transactions and use tax to be administered by the State Board of Equalization; and
WHEREAS, the City desires to add Chapter 3.38 to the Chula Vista Municipal
Code; and
WHEREAS, over the last few years the City of Chula Vista has experienced a
precipitous decline in revenues resulting from the slumping economy, housing crisis, and
slowdown in development; and
WHEREAS, the City has made significant program and personnel reductions
during this time in order to bring expenditures in line with a lower revenue base; and
WHEREAS, the City's financial outlook has continued to deteriorate and is facing
a $3.9 million deficit in fiscal year 2008-09 and an estimated $20.0 million deficit in
fiscal year 2009-10 for the City's operating fund; and
WHEREAS, because of these above factors and the ongoing budget structural
imbalance that requires permanent solutions, on January 8, 2009 the City Council
declared a fiscal emergency by resolution.
WHEREAS, after preliminary review the City Council hereby finds and declares
that the proposed activity is statutorily exempt from environmental review pursuant to the
State of California Environmental Quality Act ("CEQA") Guidelines, Title 14, Division
6, Chapter 3, Article 18, Sections 15269 and 15273(a); and, the City Council hereby
further finds and declares that pursuant to Title 14, Chapter 3, Article 5, Section
15061 (b )(3), the proposed activity is covered by the general rule that CEQA applies only
to projects which have the potential for causing a significant effect on the environment;
and the City Council finds and declares that, with certainty, there is no possibility that the
proposed activity in question may have a significant effect on the environment, therefore,
the proposed activity is not subject to CEQA.
7-21
NOW THEREFORE BE IT ORDAINED, the Council of the City of Chula Vista
does hereby adopt and add Chapter 3.38 of the Chula Vista Municipal Code establishing a
transactions and use tax as follows:
SECTION 1:
THE PEOPLE OF THE CITY OF CHULA VISTA do Ordain as follows:
That the City Council hereby adds Chapter 3.38 to the Chula Vista Municipal Code to
read as follows:
Sections:
3.38.010
3.38.020
3.38.030
3.38.040
3.38.050
3.38.060
3.38.070
3.38.080
3.38.090
3.38.100
3.38.110
3.38~120
3.38.130
3.38.140
3.38.150
3.38.160
3.38.170
3.38.010 TITLE.
CHAPTER 3.38
TRANSACTION AND USE TAX
Title.
Purpose.
DefInitions.
Operative date.
Contract with State Board of Equalization.
Transaction tax rate.
Place of sale.
Use tax rate.
Adoption of provisions of state law.
Limitations on adoption of state law and collection of use taxes.
Permit not required.
Exemptions and Exclusions.
Independent committee.
Amendments.
Ef\ioining collection forbidden.
Severability .
Termination Date.
This Chapter shall be known and cited as the "City of Chula Vista Transactions and Use
Tax Ordinance". This ordinance shall be applicable in the incorporated territory of the
City.
3.38.020 PURPOSE.
This ordinance is adopted to achieve the following, among other purposes, and directs
that the provisions hereof be interpreted in order to accomplish those purposes:
A. To impose a retail transactions and use tax in accordance with the provisions
of Part 1.6 (commencing with Section 7251) of Division 2 of the Revenue and Taxation
Code and Section 7285.9 of Part 1.7 of Division 2 which authorizes the City to adopt this
7-22
ordinance with shall be operative if a majority vote of the electors voting on the measure
vote to approve the imposition of the tax at an election called for that purpose.
B. To adopt a retail transactions and use tax ordinance that incorporates
provisions identical to those of the Sales and Use Tax Law of the State of California
insofar as those provisions are not inconsistent with the requirements and limitations
contained in Part 1.6 of Division 2 of the Revenue and Taxation Code.
C. To adopt a retail transactions and use tax ordinance that imposes a tax and
provides a measure therefore that can be administered and collected by the State Board of
Equalization in a manner that adapts itself as fully as practicable to, and requires the least
possible deviation from, the existing statutory and administrative procedures followed by
the State Board of Equalization in administering and collecting the California State Sales
and Use Taxes.
D. To adopt a retail transactions and use tax ordinance that can be administered in
a manner that will be, to the greatest degree possible, consistent with the provisions of
Part 1.6 of Division 2 of the Revenue and Taxation Code, minimize the cost of collecting
the transactions and use taxes,and at the same time, minimize the burden of record
keeping upon persons subject to taxation under the provisions of this ordinance.
3.38.030 DEFINITIONS.
(a) "CITY" means the City of Chula Vista
(b ) "TAX" means the transactions and use taxes, sometimes also referred to as
"SALES TAX", imposed under the provisions of this ordinance
(c) "OPERATIVE DATE" means the first day that the tax IS imposed and
collected.
3.38.040 OPERATIVE DATE.
The operative date shall be the first day of the first calendar quarter commencing more
than 110 days after the later of the adoption of this ordinance and chapter, the date of such
adoption being as set forth below, and the approval of the voters of the City of a measure
approving the imposition of the transactions and use tax set forth herein, unless a later
operative date becomes effective under the provisions of Section 3.38.50.
3.38.050 CONTRACT WITH STATE BOARD OF EQUALIZATION.
Prior to the operative date, the City shall contract with the State Board of Equalization to
perform all functions incident to the administration and operation of this transactions and
use tax ordinance; provided, that if the City shall not have contracted with the State Board
of Equalization prior to the operative date, it shall nevertheless so contract and in such a
7-23
case the operative date shall be the first day of the first calendar quarter following the
execution of such a contract.
3.38.060 TRANSACTIONS TAX RATE.
For the privilege of selling tangible personal property at retail, a tax is hereby imposed
upon all retailers in the incorporated territory of the City at the rate of one percent
(1.00%) of the gross receipts of any retailer from the sale of all tangible personal property
sold at retail in said territory on and after the operative date of this ordinance.
3.38.070 PLACE OF SALE.
For the purposes of this ordinance, all retail sales are consummated at the place of
business of the retailer unless the tangible personal property sold is delivered by the
retailer or his agent to an out-of-state destination or to a common carrier for delivery to an
out-of-state destination. The gross receipts from such sales shall include delivery charges,
when such charges are subject to the states sales and use tax, regardless of the place to
which delivery is made. In the event, a retailer has no permanent place of business in the
State or has more than one place of business, the place or places at which the retail sales
are consummated shall be determined under rules and regulations to be prescribed and
adopted by the State Board of Equalization.
3.38.080 USE TAX RATE.
An excise tax is hereby imposed on the storage, use or other consumption in the City of
tangible personal property purchased from any retailer on and after the operative date of
this ordinance for storage, use or other consumption in said territory at the rate of one
percent (1.00%) of the sales price of the property. The sales price shall include delivery
charges when such charges are subject to state sales or use tax regardless of the place to
which delivery is made. .
3.38.090 ADOPTION OF PROVISIONS BY STATE LAW.
Except as otherwise provided in this ordinance and except insofar as they are inconsistent
with the provisions of Part 1.6 of Division 2 of the Revenue and Taxation Code, all of the
provisions of Part I (commencing with Section 6001) of Division 2 of the Revenue and
Taxation Code are hereby adopted and made a part of this ordinance as though fully set
forth herein.
3.38.100 LIMITATIONS ON ADOPTIONS OF STATE LAW AND COLLECTION OF
USE TAXES.
In adopting the provisions of Part I of Division 2 of the Revenue and Taxation Code:
7-24
A. Wherever the State of California is named or referred to as the taxing agency,
the name of this City shall be substituted therefor. However, the substitution shall not be
made when:
1. The word "State" is used as part of the title of the State Controller, State
Treasurer, State Board of Control, State Board of Equalization, State Treasury, or the
Constitution of the State of California;
2. The result of that substitution would require action be taken by or
against this City or any agency, officer, or employee thereof rather than by or against the
State Board of Equalization, in performing the functions incident to the administration or
operation of this ordinance.
3. In those sections, including but not necessarily limited to sections
referring to the exterior boundaries of the State of California, where the result of the
substitution would be to:
a. Provide an exemption from this tax with respect to certain sales,
storage, use or other consumption of tangible personal property which would not
otherwise be exempt from this tax while such sales, storage, use or other consumption
remain subject to tax by the State under the provisions of Part 1 of Division 2 of the
Revenue and Taxation Code, or;
b. Impose this tax with respect to certain sales, storage, use or other
consumption oftangible personal property which would not be subject to tax by the State
under the said provision of that code.
4. In Sections 6701, 6702 (except in the last sentence thereof), 6711, 6715,
6737,6797 or 6828 of the Revenue and Taxation Code.
B. The word "City" shall be substituted for the word "State" in the phrase "retailer
engaged in business in this State" in Section 6203 and in the definition of that phrase in
Section 6203.
3.38.110 PERMIT NOT REQUIRED.
If a seller's permit has been issued to a retailer under Section 6067 of the Revenue and
Taxation Code, an additional transactor's permit shall not be required by this ordinance.
3.38.120 EXEMPTIONS Ai'ill EXCLUSIONS.
A. There shall be excluded from the measure of the transactions tax and the use
tax the amount of any sales tax or use tax imposed by the State of California or by any
city, city and county, or county pursuant to the Bradley-Burns Uniform Local Sales and
Use Tax Law or the amount of any state-administered transactions or use tax.
7-25
B. There are exempted from the computation of the amount of transactions tax the
gross receipts from:
1. Sales of tangible personal property, other than fuel or petroleum
products, to operators of aircraft to be used or consumed principally outside the county in
which the sale is made and directly and exclusively in the use of such aircraft as co=on
carriers of persons or property under the authority of the laws of this State, the United
States, or any foreign government.
2. Sales of property to be used outside the City which is shipped to a point
outside the City, pursuant to the contract of sale; by delivery to such point by the retailer
or his agent, or by delivery by the retailer to a carrier for shipment to a consignee at such
point. For the purposes of this paragraph, delivery to a point outside the City shall be
satisfied:
a. With respect to vehicles (other than co=ercial vehicles) subject
to registration pursuant to Chapter I (co=encing with Section 4000) of Division 3 of the
Vehicle Code, aircraft licensed in compliance with Section 21411 of the Public Utilities
Code, and undocumented vessels registered under Chapter 2 of Division 3.5
(commencing with Section 9840) of the Vehicle Code by registration to an out-of-City
address and by a declaration under penalty of perjury, signed by the buyer, stating that
such address is, in fact, his or her principal place of residence; and
b. With respect to co=ercial vehicles, by registration to a place of
business out-of-City and declaration under penalty of perjury, signed by the buyer, that
the vehicle will be operated from that address.
3. The sale of tangible personal property if the seller is obligated to furnish
the property for a fixed price pursuant to a contract entered into prior to the operative date
of this ordinance.
4. A lease of tangible personal property which is a continuing sale of such
property, for any period of time for which the lessor is obligated to lease the property for
an amount fixed by the lease prior to the operative date of this ordinance.
5. For the purposes of subsections (3) and (4) of this section, the sale or
lease of tangible personal property shall be deemed not to be obligated pursuant to a
contract or lease for any period oftime for which any party to the contract or lease has the
unconditional right to terminate the contract or lease upon notice, whether or not such
right is exercised.
C. There are exempted from the use tax imposed by this ordinance, the storage,
use or other consumption in this City of tangible personal property;
I. The gross receipts from the sale of which have been subject to a
transactions tax under any state-administered transactions and use tax ordinance.
7-26
2. Other than fuel or petroleum products purchased by operators of
aircraft and used or consumed by such operators directly and exclusively in the use of
such aircraft as common carriers of persons or property for hire or compensation under a
certificate of public convenience and necessity issued pursuant to the laws of this State,
the United States, or any foreign government. This exemption is in addition to the
exemptions provided in Sections 6366 and 6366.1 of the Revenue and Taxation Code of
the State of California.
3. If the purchaser is obligated to purchase the property for a fixed
price pursuant to a contract entered into prior to the operative date of this ordinance.
4. If the possession of, or the exercise of any right or power over,
the tangible personal property arises under a lease which is a continuing purchase of such
property for any period of time for which the lessee is obligated to lease the property for
an amount fixed by a lease prior to the operative date of this ordinance.
5. For the purposes of subparagraphs (3) and (4) of this section,
storage, use, or other consumption, or possession of, or exercise of any right or power
over, any tangible personal property shall be deemed not to be obligated pursuant to a
contract or lease for any period of time for which any party to the contract or lease has
the unconditional right to terminate the contract or lease upon notice, whether or not such
right is exercised.
6. Except as provided in subparagraph (7), a retailer engaged in business in
the City shall not be required to collect use tax from the purchaser of tangible personal
property, unless the retailer ships or delivers the property into the City or participates
within the City in making the sale of the property, including, but not limited to, soliciting
or receiving the order, either directly or indirectly, at a place of business of the retailer in
the City or through any representative, agent, canvasser, solicitor, subsidiary, or person in
the City under the authority of the retailer.
7. "A retailer engaged in business in the City" shall also include any
retailer of any of the following: vehicles subject to registration pursuant to Chapter I
(commencing with Section 4000) of Division 3 of the Vehicle Code, aircraft licensed in
compliance with Section 21411 of the Public Utilities Code, or undocumented vessels
registered under Chapter 2 of Division 3.5 (commencing with Section 9840) of the
Vehicle Code. That retailer shall be required to collect use tax from any purchaser who
registers or licenses the vehicle, vessel, or aircraft at any address in the City.
D. Any person subject to use tax under this ordinance may credit against that tax
any transactions tax or reimbursement for transactions tax paid to a district imposing, or
retailer liable for a transactions tax pursuant to Part 1.6 of Division 2 of the Revenue and
Taxation Code with respect to the sale to the person of the property the storage, use or
other consumptions of which is subject to the use tax.
7-27
3.38.130 REPORTING.
Financial reports summarizing revenues generated by the tax shall be presented to the
Mayor and Council on a quarterly basis.
3.38.140 AMENDMENTS.
All amendments subsequent to the effective date of this ordinance to Part I of Division 2
of the Revenue and Taxation Code relating to sales and use taxes and which are not
inconsistent with Part 1.6 and Part 1.7 of Division 2 of the Revenue and Taxation Code,
and all amendments to Part 1.6 and Part 1.7 of Division 2 of the Revenue and Taxation
Code, shall automatically become a part of this ordinance, provided however, that no such
amendment shall operate so as to affect the rate of tax imposed by this ordinance.
3.38.150 ENJOINING COLLECTION FORBIDDEN.
No injunction or writ of mandate or other legal or equitable process shall issue in any suit,
action or proceeding in any court against the State or the City, or against any officer of the
State or the City, to prevent or enjoin the collection under this ordinance, or Part 1.6 of
Division 2 of the Revenue and Taxation Code, of any tax or any amount of tax required to
be collected.
3.38.160 SEVERABILITY.
If any provision of this ordinance or the application thereof to any person or
circumstances is held invalid, such invalidity shall not affect other provisions or
applications of the ordinance which can be given effect without the invalid provision or
application, and to this end the provisions of this ordinance are severable. This City
Council hereby declares that it would have adopted this ordinance irrespective of the
invalidity of any particular portion thereof and intends that the invalid portions should be
severed and the balance of the ordinance be enforced.
3.38.170 TERMINATION DATE.
The authority to levy the tax imposed by this ordinance shall expire ten (10) years
following the operative date.
7-28
SECTION 2:
This ordinance relates to the levying and collecting of the City transactions and use taxes
and shall take effect immediately.
Presented by
Approved as to form by
James D. Sandoval
City Manager
7-29
RESOLUTION NO. 2009-
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CHULA VISTA CALLING AND GIVING NOTICE
OF A SPECIAL MAIL BALLOT ELECTION TO BE
HELD IN SAID CITY ON TUESDAY, MAY 5, 2009,
FOR THE PURPOSE OF SUBMITTING TO THE
QUALIFIED ELECTORS OF THE CITY, A MEASURE
RELATING TO THE ESTABLISHMENT OF A LOCAL
TRANSACTIONS AND USE (SALES) TAX;
REQUESTING THE BOARD OF SUPERVISORS OF
THE COUNTY OF SAN DIEGO TO PERMIT THE
REGISTRAR OF VOTERS TO CONDUCT SUCH
ELECTION; AUTHORIZING THE CITY CLERK OR
HER DULY AUTHORIZED AGENTS TO CARRY OUT
THE NECESSARY PROCEDURES FOR SUCH
ELECTION; AND DIRECTING THE CITY ATTORNEY
TO PREPARE AN IMPARTIAL ANALYSIS OF THE
MEASURE
WHEREAS, Section 4000 of the Elections Code of the State of California
authorizes mail ballot elections when the governing body of the local agency authorizes
the use of mailed ballots, the election is held on an established mail election date pursuant
to Elections Code Section 1500, and the proceeding is required or authorized by Article
XIII C of the California Constitution; and
WHEREAS, Section 902 of the Chula Vista City Charter authorizes mail ballot
elections; and
WHEREAS, May 5, 2009 is an official mail ballot election date, as established by
Section 1500 of the Elections Code of the State of California; and
WHEREAS, Section 2(b) of Article XIII C of the California Constitution added
by Proposition 218 effective November 1996 requires that a measure proposing a general
tax be submitted to the voters at an election consolidated with the regularly scheduled
general election for members of the governing body of the local government, unless a
fiscal emergency is declared by unanimous vote of the governing body; and
WHEREAS, by its Resolution No. 2009-001 adopted on January 8, 2009, the City
Council unanimously declared a fiscal emergency; and
WHEREAS, Revenue and Taxation Code Section 7285.9 authorizes the City of
Chula Vista, subject to approval by a majority vote of the qualified voters of the City
voting in an election on the issue, to levy a transactions and use tax pursuant to the
Transactions and Use Tax Law in multiples of 0.25% for general revenue purposes; and
7-30
WHEREAS, the proposed ordinance, attached hereto and incorporated herein by
this reference as Exhibit "A" would establish the transactions and use tax (the
"Ordinance"), and if approved by voters the earliest implementation date will be October
1,2009; and
WHEREAS, pursuant to California Constitution Article XIII C Section 2(b) and
the Elections Code of the State of California, the City Council desires to submit the
Ordinance to the electorate at the Special Mail Ballot Election to be held in said City on
Tuesday May 5, 2009; and
WHEREAS, Section 439.1 of the Administrative Code of the County of San
Diego authorizes the Registrar of Voters of the County of San Diego to render specified
services relating to the conduct of an election to any city or district which has by
resolution requested the Board of Supervisors to permit the Registrar to render the
services, subject to requirements set forth in that section; and
WHEREAS, it is desirable that the County of San Diego Registrar of Voters
conduct the election and canvass the returns of said Special Mail Ballot Election, and that
the City Clerk be authorized to carry out all other necessary procedures for such election;
and
WHEREAS, sufficient funding is anticipated to be allocated as a separate action
for the payment of costs relating to the placement of the measure on the ballot.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA
VISTA does hereby resolve as follows:
SECTION 1. All of the foregoing recitals are true and correct.
SECTION 2. Pursuant to the requirements of the Chula Vista Charter and the
laws of the State of California, there shall be and there is hereby called and ordered, held
in said City on Tuesday, May 5, 2009, a Special Mail Ballot Election for the purpose of
submitting to the qualified electors of said City an Ordinance to establish a local
transactions and use (sales) tax in the City of Chula Vista.
SECTION 3. The City Council, pursuant to its right and authority, does order
submitted to the voters at the Special Mail Ballot Election on May 5, 2009, the following
question:
7-31
To prevent further cuts and preserve general city services,
including public safety staffing for emergency response, YES
reducing crime and criminal gang/drug activity,
maintaining city streets/parks, and preserving youth/after-
school programs; shall the City of Chula Vista adopt an
ordinance enacting a one cent transactions and use (sales)
tax, expiring in ten years, with mandatory audits, quarterly NO
reports to Mayor and City Council, and a citizens' review
committee?
SECTION 4. The proposed Ordinance to be submitted to the voters is attached
as Exhibit "A."
SECTION 5. Pursuant to California Elections Code Section 9282, the City
Council hereby acknowledges its authority, and the authority of any individual voter who
is eligible to vote on the measure, or bona fide association of citizens, or any combination
of voters and associations, to submit a written argument, not to exceed 300 words, for or
against the measure. The City Clerk has set February 3, 2009 as the deadline for
submitting arguments, after which no arguments for or against the measure may be
submitted, withdrawn or changed.
SECTION 6. Pursuant to a resolution previously adopted by the City Council
allowing rebuttal arguments, rebuttal arguments will be allowed, in accordance with
California Elections Code Section 9285. The rebuttal arguments may not exceed 250
words. Rebuttal arguments must be submitted to the City Clerk no later than February
13, 2009, after which no rebuttal arguments for or against the proposed measure may be
submitted.
SECTION 7. Pursuant to California Elections Code Section 9280, the City Clerk
is directed to transmit a copy of the measure to the City Attorney. The City Attorney is
directed to prepare an impartial analysis of the measure, not to exceed 500 words in
length, showing the effect of the measure on the existing law and the operation of the
measure, and transmit such impartial analysis to the City Clerk within ten days of the
adoption of this resolution.
SECTION 8. The Board of Supervisors of the County of San Diego is hereby
requested to permit the Registrar of Voters to perform and render all services and
proceedings, and to procure and furnish any and all official ballots, notices, printed
matter and all supplies and equipment and paraphernalia incidental to and connected with
the conduct of the subject election of the City of Chula Vista, in order to properly and
lawfully conduct such election.
SECTION 9. The Board of Supervisors of the County of San Diego is hereby
requested to permit the Registrar of Voters to canvass the returns of the subject election.
7-32
SECTION 10. The County of San Diego shall be reimbursed in full for the
services performed by the Registrar of Voters for the City of Chula Vista upon
presentation of a bill therefor, and this City agrees to indemnify and save free and
harmless the County, its officers, agents and employees from expense or liability,
including reasonable attorneys' fees, as a result of an election contest arising after
conduct of this election.
SECTION 11. The City Clerk is hereby directed to forthwith file a certified copy
of this resolution with the Board of Supervisors and the Registrar of Voters of the County
of San Diego and to issue instructions to the Registrar of Voters to take any and all steps
necessary for the holding of the election.
SECTION 12. Mail ballots may be marked and returned any time after receipt but
no mail ballots postmarked after May 5, 2009 shall be accepted.
SECTION 13. That the ballots to be used at said election shall be, both as to form
and matter contained therein, such as may be required by law to be used therefor.
SECTION 14. That in all particulars not recited in this resolution, said election
shall be held and conducted as provided by law for holding municipal elections in said
City.
SECTION 15. That notice of the time and place of holding the election is hereby
given and the City Clerk is authorized, instructed, and directed to give further or
additional notice of the election, in time, form and manner as required by law.
SECTION 16. That the City Clerk shall certify to the passage and adoption of this
resolution, and file it with the City's original resolutions.
Presented by
Approved as to form by
James D. Sandoval
City Manager
7-33
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Council Offices
City Of Chula Vista
276 Fourth Avenue
Chula Vista, Ca 91910
619691.5044 - 619476.5379 Fax
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CHUIA VISTA
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DATE:
Tuesday, January 20, 2009
TO:
Mayor and City Council
Councilmember Pamela Bensoussan ~
Councilmember Steve Castaneda
CC:
Jim Sandoval, City Manager
Michael Meacham, Director of Conser v tion & Environmental Services
FROM:
RE:
Council Energy Subcommittee Meeting Notice
January 27, 2009 2:00 p.m. Council Conference Room CI06
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Issue: Regional Watcr Quality Control Board February 11,2009 Public Hearing on South
Bay. Power J'lant NDPES permit.
Dynegy South Bay, LLC has requested modifications to the NPDES water discharge permit for
the South Bay Power Plant.
The amendments will be considered by the Regional Water Quality Control Board (Regional
Board) on February 11,2009 at their regularly scheduled meeting. Written comments are due to
the Regional Board by February 2 if they are to be conveyed to the Board members. Comments
are due by January 26, 2009 if they are to be responded to by staff. Public commc:nts will be
taken at the February II meeting.
The action of the Regional Board is appealable: to the State Water Resources Control Board
within 30 days of the dc:cision.
Dynegy sent letters on June 5, 2008 and September 9,2008 requesting these changes, but the
Chula Vista Council Energy Subcommittee was not notified ofthcse letters or requests and so
has not had time to fully eval uate this action. '
Action Pending:
On November 10,2004, the Regional Board adopted Ordc:r R9-2004-0 1 54, which establishes
waste discharge requirements for the discharge of up to 601.13 MGD of heated once-tlu'ough-
.*c:-
cooling water into San Diego Bay. The permit established limitations of waste and some' goals'
that were not immediately effective, but were to become regulatory limits during the term of the
permit. The operators were given significant time to come into compliance with the
goals/limits. According to the Regional Board since Dynegy purchased the plant, they have
operated it in compliance with the existing permit.
Now, Dynegy has requested amendments that effectively weaken the compliance requirements
and there is a tentative amended order under consideration. The proposed amendments would
eliminate all monitoring for silver, hexavalent chromium, and lead,due to non-detect results in
previous monitoring. The required frequency of monitoring of cadmium, chromium, and zinc is
proposed to be reduced from monthly to semi-annually. Of greatest concern is the proposal to
significantly raise the limit on the discharge of copper to San Diego Bay for both the maximum
daily and the average monthly limit.
When thc initial permit was renewed in November of2004, the Regional Board recognized that
the power plant could not comply with the new copper limitation immediately and allowed three
years for them to develop a work plan to come into compliance. In spite of the fact that the
power plant has been operated in compliance with the existing protective standard since Dynegy
took over in 2007, Dynegy has developed an alternative, weaker, standard to facilitate their
continued operation. Further, in October Dynegy received a renewed RMR contract from the
ISO. This was prior to any permit limit changes indicating that they can continue to comply with
existing limits. Lastly, the permit amendments propose a deadline for data submittal of July,
20 I O-Iong past the time when this permit is to expire.
The San Diego Bay Council (Bay Council) has raised serious concerns about this action. The
opposition is based on the fact that the proposed amendments would violate state and federal
anti-degradation and anti-backsliding policies under the Porter-Cologne Water Quality Control
Act and federal Clean Water Act. In addition to allowing continued and unnecessary damage to
sensitive habitats in south San Diego Bay, the Bay Council is investigating whether the
proposed increase in copper discharges would violate the California Toxics Rule.
Council Encrgy sub Committee Action:
The proposed amendments to the current NPDES permit arc of significant interest to Chula Vista
because they effectively weaken the standards in the permit thereby reducing protection to San
Diego Bay.
The city has been committed to removal of the South Bay Power Plant by the end of its lease
term in late 2009. The plants discharge permit is up for renewal in November, 2009. The eity
may want to ensure that the NPDES permit is not renewed, effectively rendering the SBPP
unable to operate and facilitating its removal from our waterfront.
The Energy Sub COlYU11ittee may take action on January 27 to draft a recommendation on the
proposed amendments to deliver to Council for its approval that evening. This would enable
Council to communicate its position on the amendments by the February 2 deadline to the
Regional Water Quality Control Boai-d.
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11/5/2007
Mr. Russell Rorabaugh
Resident
717 Dorothy St.
Chula Vista, CA 91911
619-423-7134
Planning Commission
City of Chula Vista
[Type the recipient address]
RE: "Palomar Gateway" Redevelopment - Palomar St. / Industrial Blvd.
A letter to the Planning Department voiced my concerns about development in our area and requested that] be kept
appraised of all meetings related to projects in this area. In two (2) years, I have received neither notices of meetings
nor feedback. Now, a sonunittee meets on Wednesday to approve re-zoning to allow a project with height and
density issues. I would hope this decision is delayed until my questions have been fully addressed in "open-forum" not
behind closed doors.
Many residents have been under County and voted to be part of Chula Vista because the City promised to maintain
our ambience. Of course, this enormous change means more traffic congestion, major impact on our school and
additional stTain on police and other City services.
Please take time to consider the following:
]. This projcct will be a negative long-term financial impact on the City. Specifically, the Olsen Company Bay
Vista V,Talk project converts prime.retail/hotel (sales/room tax) to high density residential requiring higher
City functions. Immediately you see developer fees, then what?
2. Harborside Elementary, the local school, is already over-crowded using portable classrooms. There is no
student drop. off area with many chilch.en left off to cross the trolley tTacks, dming the morning rush when
the trolley runs every seven (7) minutes and right where a child was hit before. \Vhere will the additional
children go to school? WiJJ they be bussed somewhere else, if ;0, what is the additional cost to tax payers?
3. Why add more residences next to the loudest troUey/tTain crossing in the City? Often we are awakened
between 2 AM and 4 AM because of squealing brakes, coupling freight cars, revving engines and fi.equent
whistles. Have there been noise pollution studies? Then, building next to the Palomar cross-bars means
every ten (10) minutes bet", een 5 AM and 2 AM more noise. Will buyers of these homes be told of this or
will litigation be needed like in Pt. Lorna? ] know] will be very unhappy if my banier to noise is torn down
for an open-space park.
4. No need for a parkl! i! Another park in the area with no recreatton fadlities means lots of green grass to add
to our water shortage I The future regional park will oITer walking trails. Harborside Park is a few blocks
away; it definitely needs more parking and law enforcement. \Vhat does this park offer except more space
for transients and gangs to hang around and park on the street directly in front of my house.
5. The drainage canal ofT induruial remains an issue to resolve. It reminds me of the Hilltop!Telegraph Park
situation which was expensive. Thanks to drought conditions, the situation seems nil, hut I have seen
flooding and 3-4 foot standing water full of street runoff. Definitely not safe conditions for a park.
6. Piece-meal building has been going on which concerns me. The mmer of the Industrial and Ada corner has
people with childrellliving ill houses ,,'hile the property is in use as a staging area and dump site for other
development projects. Demolition debris and moving vehicles are a risk to children and rat control is an
issue. Clean up is again in order as it seems months of accumulated debris is a health and safety issue. Also
fill has been done all property next to the drainage canal. Is a permit on HIe for this? Does the builder care
about our community or profits' If the owner is issued additional pem1its, he should be required to dispose
promptly of debris using dust control watering, as this is being a good neighbor .
I call upon the planning committee, City council and mayor to be ,'isionaries; not looking at piece.meal development
of the West side as this projects aims to do. Think about what will soon take place West ofJ-5 and see the Palomar
entrance as a true llGatc\\>ay" into Chula Vista offering similar to lIE~ Street with sit-dmvn dining restaurants, hotels
and quality services that create solid tax revenues.
A 10 year plan was accepted and in 30 days this project was presented in total contrast; now over two (2) years and a
rust to push through the system. A plalming department should investigate the best plan use, set goals, and find
developers to implement (not just evaluate builders' desired projects).
In a city with a budget crisis, the best use should involve bighest revenue )~eld with least required senices. Can you
say that about high density lower value residences in this presently weak housing market.
Thank you for your consideration
J .,
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Mr. Russell Rorabaugh
Resident
Cc: Mayor Cox and Council
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Add,'+-;OVl~ Il'\Jor~
· Nation's worst economic crisis since
the Great Depression
· Cities face declining revenues
1
-v
Personnel
Services
79%
Supplies and
Se rvices
11%
Other Expenses
1%
Utilities
4%
Debt Service!
Transfers Out
5%
Administration 28.00 -2.00 -10.00 -43%
Recreation & Nature Center 43.25 -4.75 -13.50 -42%
Planning & Building 91.50 -33.00 -5.50 -42%
Library 68.75 -1800 -10.50 -41%
Human Resources 25.50 -5.00 -5.50 -41%
Redevelopment Agency/Housing 1800 -1.00 -6.00 -39%
Engineering 74.00 -21.50 -5.50 -36%
Finance 33.50 -800 -3.00 -33%
ITS 2800 -4.00 -5.00 -32%
City Attorney 14.00 -2.00 -2.00 -29%
City Clerk 8.50 -100 -1.00 -24%
Public Works 26000 -18.50 -25.00 -17%
Fire 152.00 -17.00 -9.00 .17%
Police 364.50 -25.00 -34.00 -16%
City Council 15.00 -1.00 -1.00 -13%
Ani mal Shelter 22.25 -2.00 0.00 -9%
CBAG 17.00 3.00 0.00 18%
Total 1263.75 -160.75 -136.50 -24%
2
"
City of Chula Vista Staffing (FTEs)
Compared to FTE's per Thousand Residents
1,500
6.5
1,250
500
6.0
1,000
~ 750
lJ.,
o
5.5 g
~
w
-- 5,0 t;:
250
4.5
o
- 4.0
FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09
G Total FTE's
--+- FTE's/1 000
40%
30%
20%
10%
0%
Other Expenses (Non Personnel Services)
FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10
. Vehicle replacement (Police, Public Works)
. Building maintenance
. Road repairs
. Outdated computers
. Training, travel, conferences discontinued for all but public
safety
3
<-
.~.,~~ ~~,~ .~
Revenues $ 137.30 $ 134.25 $ 135.04 $ 137.55 $ 140.21 $ 142.88
Expenditures $ 141.30 $ 154.22 $ 157.90 $ 161.31 $ 160.18 $ 163.63
Deficit $ (4.00) $ (19.97) $ (22.86) $ (23.76) $ (19.97) $ (20.76)
Note: Correcting structural deficit will not add to reserves.
· 8 departments consolidated into 3
· Eliminated 2 executive managers
· Annual savings of $500K
4
...
· Offered to employees age 50+
· $2 million annual savings projected
· Assumes 20 employees retire
· Actual savings to be determined
5
· CVEA & WCE gave up next 2 raises
· Annual savings of $2.6 million projected
· Reinstated 30 positions
· Benefits parks, streets, recreation & library
. Community Services
- Restores proposed reduction of hours of operation at
South and Civic Center library branches
- Continues operation of Parkway Pool
- Continues operation of Parkway Gymnasium
- Restores line staff for Eastlake Library, continued
operation of Eastlake Library requires a supervisor and
hourly staffing
6
'-,1
· Maintenance Services
- Graffiti abatement crew
- Urban forestry, tree trimming program
- Striping and Signing, legend crew
- Park Ranger program
- NDPES crew (storm water)
- Custodial Services crew
- Construction and Repair position
- Public Works Communications (Electronic Equipment
Installer)
- Staffing for Traffic Engineering and Project Design
· Annual savings of $252,000
· Reflects the following changes:
- Elimination of Chief of Staff and Coastal and
Environmental Policy Consultant
- Addition of Council Aide (Mayor support staff)
- Reduction in administration services and
supplies budget
7
Projected General Fund Deficit $ 3,900,000 $ 19,969.000
Elimination of management/professional
cola $ $ (390,000)
Elimination of CVEA & WCE cola $ (640,000) $ (1,900,000)
Consolidation of departments $ $ (500,000)
Mayor and Council dept budget
reductions $ $ (252,000)
Early retirement program (estimated
savings) $ (200,000) $ (2,000,000)
Reduce energy costs for street lights $ (25.000) $ (100,000)
Elimination of management 401 (a)
program $ (56,000) $ (160.000)
Remaining General Fund Deficit $ 2,979,000 $ 14,667,000
Remainder of FY 2010 gap is addressed by Budget Reduction Plan with significant
public service impacts
Administration 28.00 -2.00 -10.00 -43%
Recreation & Nature Center 43.25 -4.75 -13.50 -42%
Planning & Building 91.50 -33.00 -5.50 -42%
Library 68.75 -18.00 -10.50 -41%
Human Resources 25.50 -5.00 -5.50 -41%
Redevelopment Agency/Housing 18.00 -1.00 -6.00 -39%
Engineering 74.00 -21.50 -5.50 -36%
Finance 33.50 -8.00 -3.00 -33%
rrs 28.00 -4.00 -5.00 -32%
City Attorney 14.00 -2.00 -2.00 -29%
City Clerk 8.50 -1.00 -1.00 -24%
Public Works 260.00 -18.50 _25.00 -17%
Fire 152.00 -17.00 -9.00 -17%
Police 364.50 -25.00 -34.00 -16%
City Council 15.00 -1.00 -1.00 -13%
Animal Shelter 22.25 -2.00 0.00 -9%
CBAG 17.00 3.00 0.00 18%
Total 1263.75 -160.75 -136.50 -24%
8
--\
Budget Reduction Plan impacts all departments and will diminish
the City's ability to provide services.
Elimination of diversion programs and activities for middle school
at-risk youth.
Transfer of the STRETCH and DASH program to another
vendor.
Reduced preventative traffic signal maintenance program
citywide.
Reduced street maintenance, backlogs for litter and trash pickup
will increase.
Elimination proactive patrol program and specialized
enforcement efforts.
Cross staffing the Urban Search and Rescue vehicle will result in
decreased specialized rescue capabilities and coverage.
Reduced staffing in support functions resulting in limited public
information efforts, delays in processing payments to vendors
and delays in recruitments.
~ity of Chula Vista
Fiscal Health Plan
9
+ Reduce operating expenditures
+ Increase revenues
+ Economic development & job creation
+ Budget reforms
+ Minimize expenditures & maximize
efficiencies
+ Citywide independent operational review
+ Additional reorganizations & reductions in
management
+ Identify savings with assistance of
employee associations
10
"
+ Update fee structure
+ Consider sales tax increase
+ 1.00% for 10 years
+ Generate >$20M annually
+ Special mail ballot election: May 5, 2009
+ Citizens' Review Committee
11
'-
+ Close current budget gap
+ Rebuild reserves
+ Maintain public services
+ Invest in infrastructure
+ Recommend allocation of additional sales
tax revenues
+ Annually review those expenditures
Committee Formation:
+ Geography based representation
+ Financial background and experience
12
'.'
To prevent further cuts and preserve general
city services, including public safety staffing for
emergency response, reducing crime and
criminal gang/drug activity, maintaining city
streets/parks, and preserving youth/after-school
programs; shall the City of Chula Vista adopt an
ordinance enacting a one cent transactions and
use (sales) tax, expiring in ten years, with
mandatory audits, quarterly reports to Mayor
and City Council, and a citizens' review
committee?
+ University & Regional Technology Park
+ Bayfront
+ Eastern Urban Center
+ Western Chula Vista Revitalization
13
Projects will:
+ Increase sales and transient occupancy
taxes
+ Diversify and strengthen the local economy
+ Result in job creation and business
attraction
$300
$250
$200
$150
$100
$50
$-
ro '0 ~ C >- .c 0 '" '" '" 0 Q) '" Q) '" 0 Q) >- .c
'" 0 '" '-' '0 '" 0 .l'l Ol > oE Q) u; '0 '0 co '-'
:;; .0 U 'm " '" '6 Q) '-' 'c Q) 0 co ;; '" 'w " '"
'" u 0 Q) c :;; ro is l5 ~ '" ~ c c 0 Q)
(jj :ii ro 0.. CD 0 '13 0 '" CD
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ro '" w '" (/) E 0 Ol
z <5 (/) Q) ;; Q) a.
(/) -' '" is E
:; c
.c '"
U (/)
14
"
+ Zero-based budget
+ Cross-departmental budget analysts
+ Increase reserves; Modify Policy
+ Provide detailed fiscal impact analysis
+ Develop City of Chula Vista Financial
Strategy
+ Endorse Chula Vista Fiscal Health Plan
+ Submit proposed sales tax increase to
voters
15
. One cent (1.00%) increase
. 10 year duration (2009-2019)
. Mandatory audits
· Operational reviews
. Quarterly reports to Council
. Citizens' Review Committee
. >$20 million in additional revenues
annually
. >$10 million in additional revenues fiscal
year 2008-09
16
Current Rate 7.75
$50 shoes
$3.87 total tax
$0.50 to City
Proposed 8.75
$50 shoes
$4.37 total tax
$1.00 to City
0.25%
0.50%
0.75%
1.00%
15%
69%
5%
11%
100%
17 .
November 4, 2008 Election Results Statewide - General Tax
~',;?:if1&tI~t~QJ'C;;1;ICi~~~rr4~,,,;j~RAflt4Z~~~~~~1~~~~y,F,~o/.r~~
Truckee 0.50% 20 Yrs 84.50%
71.50%
Port Huenerne 0.50%
EI Monte 0.50%
Arvin 1.00%
Campbell 0.25%
Pico Rivera 1.00%
Capitola 0.25%
Oxnard 0.50%
Arcata 0.75%
West Sacramento 0.25%
Eureka 0.25%
La Mesa 0.75%
La Habra 0.50%
Trinidad 0.75%
EI Cajon 0.50%
Gustine 0.75%
Maywood 1.00%
Colusa 0.25%
Marysville 0.50%
5 Vrs
71.40%
70.80%
70.30%
68.30%
7 Yrs 66.20%
20 Yrs 65.60%
63.50%
57.50%
56.30%
20 Yrs 55.50%
20 Yrs 54.00%
20 yrs
4 Y rs 52.20%
20 Yrs 51.80%
48.50%
47.80%
42.70%
37.30%
EI Cajon* 8.25% 0.50% 04/2005 10 Yrs 68.9%
National City 8.75% 1.00% 10/2006 10 Yrs 59.0%
Vista 8.25% 0.50% 04/2007 30 Yrs 54.0%
November 4, 2008 Election
EI Cajon 8.75% 0.50% 04/2009 20 Yrs 51.8%
La Mesa 8.50% 0.75% 04/2009 20 Yrs 55.5%
Proposed May 5, 2009 Election
Chula Vista 8.75% 1.00% 10/2009 10 Yrs >50%
*AII of the above are general taxes, with the exception of the 2005 EI Cajon tax
18
, ,~
· 4/5ths approval of Council to submit
to voters
· Council calls special mail ballot
election for May 5, 2009
· Voters consider approval of sales
tax increase
· If approved, earliest effective date is
October 1, 2009
To prevent further cuts and preserve
general city services, including public
safety staffing for emergency response,
reducing crime and criminal gang/drug
activity, maintaining city streets/parks,
and preserving youth/after-school
programs; shall the City of Chula Vista
adopt an ordinance enacting a one cent
transactions and use (sales) tax,
expiring in ten years, with mandatory
audits, quarterly reports to Mayor and
City Council, and a citizens' review
committee?
19
· January 20 - Council calls election to
submit sales tax increase to voters
· February 3 - last day to submit
arguments in favor or opposed
· February 13 - last day to submit
rebuttal arguments
· April 6 - ballot distribution begins
(Elections Code S41 01)
· May 5 - final day to return ballots
That Council:
Approve the resolution endorsing the City
Manager's Proposed Chula Vista Fiscal
Health Plan
Approve the ordinance adding Chapter 3.8
to the Municipal Code establishing a
transactions and use tax
Approve the resolution calling & giving
notice of a special mail ballot election on
May 5, 2009 to submit a measure relating
to the establishment of a local transactions
and use (sales) tax to the voters
20
Aid/-/,'onaJ rnfDr rn.edrDJ1..
l-lern 7
John McCann
Balance Budget Proposal
In Thousands (000)
Budget Deficit $3.9 million $20 million
Barqaininq Unit FY 08/09 FY 09/10 Total
Police Officers Association (POA) $ 531 $ 1 ,592 $ 2,123
Firefighters Association (IAFF) 235 704 939
Engineering Association (WCE) 43 129 172
Chula Vista Employees Association (CVEA) 565 1,695 2,260
Confidential Staff 27 82 109
Uncategorized 28 83 111
Management (Zero Raises) 0 394 394
SUB TOTAL $ 1 .429 $ 4,679 $ 6,108
Additional McCann Proposed Cuts and Revenue Enhancements
Early Retirement Program 0 2,000 2,000
Department Consolidation (Elimination of 2 Dept Heads) 0 500 500
Nature Center (donations) 150 150 300
Council Cuts 170 340 510
Hiring Freeze 100 1,000 1,100
Cell Tower Lease Sales (Revenue) 2,000 ( 400) 1,600
401 A """.","" "\...;~.5 140 280 420
Mgmt Car Allowance (60% reduction) 168 336 504
Cut Positions (30) 750 3,000 3,750
RE Sale (Non University Land) - (Revenue) 0 8.400 8.400
TOTAL SAVINGS $4.907 $20,285 $25.192
TOTAL SURPLUS SAVINGS $1,007 $285 $1,292
~Jf?-
~~
~
........~~........
F\Jd;*'o~ ,~
\-k'.-vY' .,
-,
.'
CITY OF
CHULA VISTA
Department of ConservaHon
& Environmental Services
-_._-_.._._...._._-_.~._~_._----------_.._._._--=--=-==::..=="_-:-.;....-=-7:::=_=.~_..._._......_.__...__.__...._-:"O=;::::'O-,:.==~.::.==='::;.~-.":=","::.=.=='==--=--===-7"-===-_-==---=:==-'="
INFORMATION MEMORANDUM
DATE:
January 16, 2009
TO: Honorable Mayor and City Council
VIA: Jim Sandoval, City Manager~
Scott Tulloch, Assistant City rvtnager "> r
FROM:
Michael T. Meacham, Director Conservation & Environmental servicesb- 5T
Marketing Bundled Wireless Assets
SUBJECT
Over the past seven years Conservation and Environmental Services (CES) Department staff
has built a portfolio of Master Wireless Telecommunication Site License Agreements (MLA) with
carriers that control approximately 80% of the locally available wireless carrier business and
provide the City with $375,000 in annual lease revenues. Staff is currently in negotiations with
another carrier for a new MLA and up to three new wireless sites. An agreement with that
carrier on the same terms and conditions that are in place with the City's existing MLA partners
would expand the MLA portfolio value to include all five of the largest carriers and cover
approximately 95% of the Chula Vista telecommunications market.
The City's MLA's are all based on a similar structure; a five year term, with three or more five-
year extensions that may be terminated by the City for public necessity, and by the carrier with
(30) thirty days notice after the first (5) five year period. A few of the other major issues for the
City were; 1) equitable treatment of property controlled by the City (rights of way) as well as
property owned by the City (parks and City buildings), 2) a collaborative effort to locate facilities
as thoughtfully as possible and make installations as "stealth," as possible, and 3) a 3% annual
payment escalator and 5 year market review that allows the City to phase in market rates, and
4) written commitment to pay the local Utility Users Tax.
One of several important objectives of the MLA's established with City Council and Planning
Commission input was to foster a strong partnership with the industry that would ensure that
Chula Vista was not left behind in the telecommunications revolution of the late 90's and early
2151 century. To establish that partnership the City took assertive steps to sponsor an industry
workshop and market the City's potential with the site acquisition consultants that service the
major carriers. The City also worked with industry representatives to develop pricing and
processing principals that would encourage site development in Chula, Vista, which at the time
was occurring disproportionately in the North County and downtown San Diego portions of the
County.
Bundled Asset Sales
January 16, 2009
Page 2
Telecommunications regulations and the City's approach to MLA's have gone through a number
of important changes. The City held three agreements for almost 5 years with no completed
sites on City property. Subsequently, the CES Department and City Manager worked with the
City Attorney to make the process for wireless facilities on property owned or controlled by the
City an administrative process. The industry also began a series of mergers, divestitures and
litigations that continue to change some of the site development options and approaches taken
by the industry and California jurisdictions. CES has worked closely with site acquisition
consultants to attract new service providers, improve service coverage and build the City's
revenue to more than $375,000 per year.
Approximately two years ago, when the City's lease portfolio met or exceeded $200,000 in
annual revenue, the City began receiving informal offers from a few companies to bundle and
manage assets. The primary premise of these offers has been to provide highly discounted one
time cash payments in exchange for long-term rights to control the Agreements throughout the
existing terms, future terms and in some cases the development of future sites. The offers
highlight a comparison of significant, guaranteed short term gain to avoid a perceived long term
risk from mergers and industry failure. Staff would like to point out that despite tremendous
change in the industry over the seven years the City has held site agreements, only one site has
been terminated, and the City was paid for that site for two years. In fact the mergers and
divesture process has been a catalyst for new revenue from at least three additional sites
resulting from divestiture, not a net risk or deterrent to future site and revenue development.
After the first Bundled Asset offers emerged, CES informed the Finance/Budget groups and
characterized the "Wireless Bundled Asset" offers as extremely deep discounts that exchange
relatively stable and CPI adjusted long term income for significant short term gains. The
discounted offers are a fraction of the standard Net Present Value concept. CES did not
recommend pursuing a deal on the terms offered. CES staff continued to work with Finance to
explore offers. Staff encouraged potential partners to focus on improving their discount ratios
and focus future partnerships on providing the City with opportunities for new relationships with
additional carriers and marketing that creates additional new individual sites and "master," or
multiple co-location opportunities Staff has stressed tiered scenarios that phase in escalating
incentives that generate greater revenues for both parties based on volume and cooperation.
This approach has the advantage of expanding consumer options and increasing revenues at
the lowest cost to the industry and ratepayer. As the national and local economic conditions
deteriorated Staff was compelled to present the range of potential options and their financial
benefits and impacts to the City Manager. As the City reviewed the offers, it became apparent
that there is a narrow range of potential partners with a variety of benefits and limitations
including experience, fiscal and management stability. Additionally, the contract terms proposed
by potential partners include a variety of legal, risk and operational conditions that have
historically been unacceptable to the City. The recent offers have improved financially, however
they continue to focus on providing guaranteed short-term gains at the expense of exponentially
greater long term revenue
To illustrate that point, the City's current portfolio is valued at $375,000 per year and has a
remaining term of approximately 20 years including all extensions. The existing MLA's
include3% annual escalators and the total 20 years value of the current sites under those MLA's
is approximately $10.8 million. If the agreements were extended on the same terms, in 30 years
Printed on Recycled Paper, Naturally!
,.
Bundled Assets
January 16, 2009
Page 3
their value would be approximately $18.5 million and in 40 years approximately $29 million. The
offers provided to date discount those values by 75% to 90% over a 20 to 40 year term.
Additionally, accepting any upfront payment in this fiscal year would eliminate more than
$386,275 in revenue from the 2009/10 fiscal year cycle and a revenue source for each
successive fiscal year that continues to increase by at least 3% for each of the next 18 years.
Staff estimates that it will take at least three months to establish mutually acceptable terms of a
potential agreement and conform to the applicable competitive process for executing a financial
agreement of this size. At the end of that substantial investment in Staff time the terms and
projected discounts are not likely to improve dramatically. Staff recommends that the City
Manager authorize CES to continue to work with the Finance Department to pursue all
opportunities to maximize the financial benefits of this business opportunity, protect the public's
interest and report back to Council in three months. If you have any further questions please
feel free to contact Michael Meacham at 409-5870.
cc: Bart Miesfeld, City Attorney
Maria Kachadoorian, Finance Director
Printed on Recycled Paper, Naturally!
\
~M~
:-~
~
..................~.......
--~
I
~
Department of conservation
& Environmental services
---
Cln' OF
CHULA VISTA
__....._.._._...._____._..._______.._._h....H.._._..__..___._..___....__~__._.._...__..._..__..._._._...__........._..._._........__..._.......__.._...____...,.-_n___m......___..._____._._....._..,
---~- ----------------.---..--.-..------------..-- .-.--..---.------....--.----
INFORMATION MEMORANDUM
DATE
January 16, 2009
TO: Honorable Mayor and City Council
VIA: Jim Sandoval, City Manager~
Scott Tulloch, Assistant City rvbnager "> j
FROM:
Michael T. Meacham, Director Conservation & Environmental servicesfl- 57
Marketing Bundled Wireless Assets
SUBJECT:
Over the past seven years Conservation and Environmental Services (CES) Department staff
has built a portfolio of Master Wireless Telecommunication Site License Agreements (MLA) with
carriers that control approximately 80% of the locally available wireless carrier business and
provide the City with $375,000 in annual lease revenues. Staff is currently in negotiations with
another carrier for a new MLA and up to three new wireless sites. An agreement with that
carrier on the same terms and conditions that are in place with the City's existing MLA partners
would expand the MLA portfolio value to include all five of the largest carriers and cover
approximately 95% of the Chula Vista telecommunications market.
The City's MLA's are all based on a similar structure; a five year term, with three or more five-
year extensions that may be terminated by the City for public necessity, and by the carrier with
(30) thirty days notice after the first (5) five year period. A few of the other major issues for the
City were; 1) equitable treatment of property controlled by the City (rights of way) as well as
property owned by the City (parks and City buildings), 2) a collaborative effort to locate facilities
as thoughtfully as possible and make installations as "stealth," as possible, and 3) a 3% annual
payment escalator and 5 year market review that allows the City to phase in market rates, and
4) written commitment to pay the local Utility Users Tax.
One of several important objectives of the MLA's established with City Council and Planning
Commission input was to foster a strong partnership with the industry that would ensure that
Chula Vista was not left behind in the telecommunicatiqns revolution of the late 90's and early
21st century. To establish that partnership the City took assertive steps to sponsor an industry
workshop and market the City's potential with the site acquisition consultants that service the
major carriers. The City also worked with industry representatives to develop pricing and
processing principals that would encourage site development in Chula Vista, which at the time
was occurring disproportionately in the North County and downtown San Diego portions of the
County.
Bundled Asset Sales
January 16, 2009
Page 2
Telecommunications regulations and the City's approach to MLA's have gone through a number
of important changes. The City held three agreements for almost 5 years with no completed
sites on City property. Subsequently, the CES Department and City Manager worked with the
City Attorney to make the process for wireless facilities on property owned or controlled by the
City an administrative process. The industry also began a series of mergers, divestitures and
litigations that continue to change some of the site development options and approaches taken
by the industry and California jurisdictions. CES has worked closely with site acquisition
consultants to attract new service providers, improve service coverage and build the City's
revenue to more than $375,000 per year.
Approximately two years ago, when the City's lease portfolio met or exceeded $200,000 in
annual revenue, the City began receiving informal offers from a few companies to bundle and
manage assets. The primary premise of these offers has been to provide highly discounted one
time cash payments in exchange for long-term rights to control the Agreements throughout the
existing terms, future terms and in some cases the development of future sites. The offers
highlight a comparison of significant, guaranteed short term gain to avoid a perceived long term
risk from mergers and industry failure. Staff would like to point out that despite tremendous
change in the industry over the seven years the City has held site agreements, only one site has
been terminated, and the City was paid for that site for two years. In fact the mergers and
divesture process has been a catalyst for new revenue from at least three additional sites
resulting from divestiture, not a net risk or deterrent to future site and revenue development.
After the first Bundled Asset offers emerged, CES informed the Finance/Budget groups and
characterized the "Wireless Bundled Asset" offers as extremely deep discounts that exchange
relatively stable and CPI adjusted long term income for significant short term gains. The
discounted offers are a fraction of the standard Net Present Value concept. CES did not
recommend pursuing a .deal on the terms offered. CES staff continued to work with Finance to
explore offers. Staff encouraged potential partners to focus on improving their discount ratios
and focus future partnerships on providing the City with opportunities for new relationships with
additional carriers and marketing that creates additional new individual sites and "master," or
multiple co-location opportunities. Staff has stressed tiered scenarios that phase in escalating
incentives that generate greater revenues for both parties based on volume and cooperation.
This approach has the advantage of expanding consumer options and increasing revenues at
the lowest cost to the industry and ratepayer. As the national and local economic conditions
deteriorated Staff was compelled to present the range of potential options and their financial
benefits and impacts to the City Manager. As the City reviewed the offers, it became apparent
that there is a narrow range of potential partners with a variety of benefits and limitations
including experience, fiscal and management stability. Additionally, the contract terms proposed
by potential partners include a variety of legal, risk and operational conditions that have
historically been unacceptable to the City. The recent offers have improved financially, however
they continue to focus on providing guaranteed short-term gains at the expense of exponentially
greater long term revenue.
To illustrate that point, the City's current portfolio is valued at $375,000 per year and has a
remaining term of approximately 20 years including all extensions. The existing MLA's
include3% annual escalators and the total 20 years value of the current sites under those MLA's
is approximately $10.8 million. If the agreements were extended on the same terms, in 30 years
Printed on Recycled Paper, Naturally!
Bundled Assets
January 16, 2009
Page 3
their value would be approximately $18.5 million and in 40 years approximately $29 million. The
offers provided to date discount those values by 75% to 90% over a 20 to 40 year term
Additionally, accepting any upfront payment in this fiscal year would eliminate more than
$386,275 in revenue from the 2009/10 fiscal year cycle and a revenue source for each
successive fiscal year that continues to increase by at least 3% for each of the next 18 years.
Staff estimates that it will take at least three months to establish mutually acceptable terms of a
potential agreement and conform to the applicable competitive process for executing a financial
agreement of this size. At the end of that substantial investment in Staff time the terms and
projected discounts are not likely to improve dramatically. Staff recommends that the City
Manager authorize CES to continue to work with the Finance Department to pursue all
opportunities to maximize the financial benefits of this business opportunity, protect the public's
interest and report back to Council in three months. If you have any further questions please
feel free to contact Michael Meacham at 409-5870.
cc: Bart Miesfeld, City Attorney
Maria Kachadoorian, Finance Director
Printed on Recycled Paper, Namrally!