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Home My WebLink About2009/01/20 Item 4 CHULA VISTA 7. ri:l!~ . iii , REDEVELOPMENT AGENCY AGENDA STATEMENT January 20, 2009, Item~ ITEM TITLE: RECEIPT OF REDEVELOPlvfENT YEAR-E]\rD 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 a"d Safety Code Section 33080.1 requires me report to include the folloV\ing elements: (1) a" independent financial audit report and 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 presem. 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 15378 of the State CEQA Guidelines because it \.vil! not result in a physical ChaJlge to the envirolli"lJent: therefore, pursuant to Section l5060(c)(3) of the State CEQA Guidelines the actions proposed are not subject to CEQA. RECOMMENDATION: The ~~gency accepts the reports. 4-1 Janua!")' 20, 2009, ItemA- 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 finarlcial 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 accountirlg 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 Sllil"L11lary of the financial transactions of the Redevelopment Agency during FY 2007/08. Additionally, the Agency must pro,'ide a description of the properties that it owns, a SllIlli-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 ai1d housing activities for FY 2007/08. DECISION MAKER CO~7LICT Staff has determined that the action contemplated by this item is ministerial, secretariaL marlUa1, 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 (Ca!. Gov't Code 9 871 00, et seq.). 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 Community Redevelopment Agencies: 3) State Deparu.'11ent of Housing and Community Development Schedules A-E PREPARED BY: Amanda Mills, Redevelopment and Housing Manager 4-2 ATTACHMENT 1 REDEVELOPMENT A-GENCY OF THE CITY OF CHULA VISTA r FinanCial Statements .J! ~~. . IndepenilentiAudltor's Report . A' "',.. Fodthe Year EndedrJune 30, 2008 , 57 / 4-3 ___...._.,___,..:...c..:.."-....,:::;,.~:.;..,.;:. 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 Otay Valley Southwest Merged Projects Debt Service,Pund- Budgetary Comparison Schedule ..................................u...............~."':...............................................45 Independent Auditor's Report on internal Control Over FinanCial'~'and on Compliance (Including the Provisions Contained in the Guidelilres 'for Compiiance Audits oi Redevelopment Agencies) and Other Matters'fBased-,on an Auilit~i Financial Statements Periormed in Accordance wit~Gover!i';nent AUditing Standards ... ...... ........ ..... ................ ......... .................. ................ ..~,f;......... ......,.. ....... on........., ....... ...... ........ ....... 47 '~ 4-4 REDEVELOPMENT AGENCY OF THE CITY OF CRUL..... 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,SiSneet.to'the Statement of ,,. ....,,,.. . Net Assets .................... ...................................."..,...... ...................................... ....,.... ......................... ] 3 Statement of Revenues, Expenti~ d chanl)s<in Fund Balances Govemmental Funds ............ 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 Slatements ....,~......~.............................................................................................. 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<;15, 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 aoplicable4ti%.rmancial audits contained in Government Auditing Standards issued by the Comptroller Ge~er~l(o'f"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 ;~propj!\~e'.in the circumstances, but not for the purpose of expressing an opinion on the efj'ec!rveness 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 Auditin" 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 long-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 Service 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 Tota[ 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 5,626,0 [3 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 ProJects 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~ble currently are taken into revenue in the Statement of Activities and, ac~jngly, increases the net assets on the Statement of Net Assets, ~ , J [nterest payable on long-term 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-term 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't" ""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. term liabilities were adjusted as,.follows: ' Therefore, The long- Long-term 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 Special 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 Service Bayfront! Town Centre I $ 2,003,076 ] I 0,11 ] 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 Bayfrontl 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 ~,,' ,. 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 ,I" 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 Revenues, Expenditures and Changes in Fund Balances of Governmental FUlids 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 acorued 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 SIGl'!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 1l/0tay 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 irlfurmati~~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 p,ovided 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 for which they are levied. Grants and similar ]9 4-20 REDEVELOPlVlENT AGENCY. OF THE CITY OF CHULA VISTA Notes to Financial Statements (Continued) J uue 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(amounts based o~' estimates and assumptions by management. Actual results could differ fr"(\'''.,th~'artlOunts, The law provides a means for financing re evelqpmem projects based upon an allocation of taxes collected within a redevelopment1pfoject. )The assessed valuation of a redevelopment project last equalizedpri~~adoption\_of a redevelopment plan or amendment to such' redevelopment plan, .oIiI!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 roll., Taxes collected up?n any mcreas;;,.,m assesse~~aluat~n over the. base roll (--tax Increment' ) are paid and ma~ De pledged 9Y.-t\ redeveloPlJJent ,agency to the repayment of any mdebtedness mcurreo in financing or ref111ancing ~~redeveloprnent project. Redevelopment agencies themselves have th. ''''' ", no au onty to lejix proRerty 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! July I November I - 1" Installment March I - 20' Installment December 10- 1" Installment April! 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 led. 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 ~.s!Jto account for specific revenue that is required to be used for low and mode~~iiico'l;1e houSing and related expenditures. \?"Iy BavrrontiTown Centre I Debt Service Fund is used ro 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 peUtre I pfoject AreaS,?' '~~F .. Town Centre U/0tav. Vallev/Southwest Merged Projects Debt Servjce 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 ll, Otay Valley Road, and Southwest Merged PrOject Areas. ~ ~-;;.~"; . BavrrontiTown ~tre{ Caoital Proiects Fund is used to account for the financial resources used in developing.the Bayfront and Town Centre I Project Areas. Town Centre IIlOtav Vallev/Southwest Merged Projects Caoita! Projects Fund is used to account 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 to 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 CHULA 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 departmental 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 pooled 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 and 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 6,5 I 5;285 Total cash and investments $ 20,163,876 22 4-23. REDEVELOPMJeNT AGENCY OF THE CITY OF CH1JLA VISTA Notes to Financial Statements (Continued) June 30, 2008 The Agency has pooled its cash and investments with t'le City in order to acilieve a htgl1er return on investment. Certain restrict~d. funds, willch are 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 pooled 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 .ttie ~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 DOlle'''' lQ'.' . ~, Authorized Investment'T,y;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 Invesnnent 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 N/A 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_ebt 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 I ""';;;. 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 II, I 09,994 "'''4; $ 20,163,876 Concentration of Cr~1~ Risk The investment policy ~f~ity contains limitations on the amount that 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 credit 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 than 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 held 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~ ~p'Housmg CorporatIon) Rancho Buena V ISla Housmg'(@helsea'\nvestment CorporatlOn) . ,_",,;0,~0' ~ Mobde Home A~~lstanCe('~.gram.\\ilt3'" . St. Regis Park ,(Chelsea InveI;'trnent!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 Servjces 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! receipts. 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 years. 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 ente,'ed into a loan 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 oftrus!. The outstanding principal and interest on the loan wilJ be repaid over fi!!y, five ye1f~3}1d shall accrue interest at 3% per annum. Payment of principal and interest on tbeA'll"e~y loan sh1Tllbe.tnade on an annual basis, . ."~. *:iY out of a fund equal to fifty percent of the net c~.h~fl.ow ofJ!Qe 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 reaistribuled 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 APartm'e'f!tsJ(j)Vi~ 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 $] ,000,000 to CIC Eastlake, L.P. for the development and operation of Rancho Vista Housing project, a mu]tifamily 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. COi'itingent 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 or1he proposed 132 unit ViUa Serena senior affordable housing project. The 10'\!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 to, II in!'fiscal year 2008. ' \ ~ " . -~r~ The Agency entered into a loan agreement wiili Chelsea lnvestment Corporation for the acquisition and rehabUitation of the 119,U'llitliF,ear Tree~p..artments at 1025 Broadway. All units will be affordable to low income h6lrseholdi!' 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 ii$2,054.n9',y" 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 Improvement 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). Juue 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 fiow. Long-term Advances: As of June 30, 2008"'~were ase allows: c' '7' Advances From Advances to Capital Project Fund Bayfront/ Town Center I . Debt Service Funds: Bayfront/Town Center I . Town C~nter II Otay Valley Southwest Merged Projects $ 43,695 4,450,094 Total $ 4,493,789 The Bayfront Town Centre I 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, 2008. 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. .7P (e) Capital Assets ~l\'! . Changes en capital assets during the year en(i1\(jl(j'u~2008 were as follows: \/;f~" ,~'" Balal!ce ' L""~JU]y 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, 2007 Additions Deletions June 30, 2008 One Year ERAF Loan - 2005 $ 645,000 $ $ 70,000 $ 575,000 $ 70,000 ER.A.F Loan - 2006 870,000 80,000 790,000 80,000 Bond discount (481,794) (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.l.l/;!la~~.,t.a , '. At',~. . As of June 30, 2008, the Ci~,,;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 Tax 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. lnteres! is payable 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 balance 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 .,to. .~,:;~~:~4~ 2,405,000 ""'Z;',"-,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 Incom"'tliHousing Project. The bond consist of serial bonds which mawre 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 solely 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 20]2 2013 2014-20] 8 2019-2023 2024-2028 2029-203 ] $ Total $ 33 4-:34 Total $ 1,194,760 ],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 Financial 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 proxjd~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 1nco~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,'fil.ru:~,~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 !p#0" 991,084 55,1;084 2012 460,000 $)jji",,- 991,384 ,:53mj3 84 d;? ~t~ 2013 480,000 '%P 5 10 ?,~' 990,234 '~ ,-;) 20]4-2018 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()()J!.& $ 8,547 $ 18,783,547 'j:h !{A :1tGtt~Fkt*~" . ~ ~ -~ (g) Restatement vfNet Assets/Fund Balari'c: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 of1l'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 (EMF) by -",...- ....0."'0 each redevelopment agency by May 1 0, 2009 e California RjXievelopment Association's estimate of the Agency's payment is $859,952. . On June 3, 2008, a resolution was approve~f,m,\!,!he City Cou,'j!cil authorizing to refund the 2000 Tax Allocation Bonds (Merged Redevelopment~'ProJe~)",i~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 OT $21,625,000. The Droceeds of the 2008 Bonds~ere uS-ed (i) to p~y or repay costs of redevelDpment activity of the lvlerged Redevelopment ProJ~a~"Gii)1:;t6':l'r'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.Shy the'E:it,y to 11're,~Agency, (v) to establish a reserve account for such 2008 Bonds; and (vi)d,g"nay a portio-I1 of the costs of issuing such 2008 Bonds. The bonds consist of $11.570,000 seriai"5bnds ;"'hicWj'mature from 2014 to 2028 in amounts ranging from $575,000 to $1,020,000 and tem;ll[bonds oaf $3,345,000 and $6,710,000 which mature;;" 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 the 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 Actnal (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 3,277,346 601,207 Expenditures: ( Current: ~) General government 1,190,7'04' . ~.,i<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 - 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 $ ] ,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 Fund Bodgetary 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 IeiYb 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 ACCOlJNTlNG 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 control, that is, the level at which expenditu{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.e'~il?oarcj!iof Directofs approval. The Executive Director and Finance Director are jointly authorized f~~!!;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 lil;.dop e r subsequently amended plus prior year continuing appropriations. AlIJ!Ppr9priations~~hich are not obligated, encumbered or expended at the end of the fiscal year ,I(pse be\:Ome a paJ,;t.'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 revegue debt semce 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. :rhe 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-tenn 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 llO,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 1,42],710 1,884 Total expenditures 2,200,624 3,870 Excess (deficiency) of revenue over (under) expenditure (]98,949) (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) ] 12,6]1 311,560 Fund balance, beginning of year 3,518,249 3,5 I 8,249 Fund balance, end of year $ 3,3]9,300 $ 3,630,860 $ 311,560 44 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 Iuternal 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 cqfuponent unit of the City of Chula Vista, .''C.'',__ ,.j California as of and for the year ended June 30, 2008, wfii'il;.;,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" stan1i'ards~applicable 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 plannlng and performing,,:9Ilt 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 cbnff6\3over finar16ial 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 principles 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, 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 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 Chula Vista Redevelopment Agency and the State ConroIler 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 Provisions Contained in the Gu1a~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 ~-'" 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 ~~~i]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 expresslOg 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~internal 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 Comoliance 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 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 Agensy. This report ;5 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 :; ~[j\)\MJ;~,l:"\~~:1tii~'~Vii!~\~};,\\0!;:tiN'~~%Wl~#*if'\,{fi~t1f4;rt~~\l0'i~J~~1\i:ll\Oi.!E~\MZ~~11'r.t~~till'f\li~\f;~1if~)'i;i~~~~~:~~J~~~ffij;?~i!1t~~~~iJ?tJ~P~~t~111f.;W~j',fr)7~~~2f~j}'%W(i~~\:\(,\I:\t~i&~~*~\';\iif.1'!!W:~t%'Y\iJA~(,V';h1}Th1"'i,fiWN'}'i:J:( l~:lQ(,1~j%i\\;~~(fit~~i1'lfiJJlX~I:jiiUttril\~~*~ffi{~~~1fu1\~1Ikif&WjjJ~~Jil~~~.~~~1f1~.~.t~~:t~m:J1t~.~,Ml~~!~J.Wil~"~~'l!-&U~l\i~~!'~J'l\tg,~Ai<ta!l.~~'~%~~~~(f~~W~~~lljt~i0~il;j1Yi!l)~Kl{[%A't)itill~[f.~JlA~)2;;:\i~iili'&\it~1~t '"--.':_':.:",:,::',""--:'.:'.:'.' 'iGeiiaraC 'jnforma.t!8~ ,"i, Fiscal Year WI enl-bers<onJieG'o~errdng j30dy Las(Name .p. I 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 _~I II II II I [ Middle Inlfial -' 10 10 10 IIRJ I IE l 10 10 ~O [0 ~O 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 ~ 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 $800,000 of street improvements and (4) to provide cashflow savings in the next five years. Unfortunately, in lhe past year Chula Vista's and Ihe nation's economIc conditions worsened. During this reporting perIod, the Agency reviewed and/or approved projects and executed severa] ENAs. Given lhe current credit crisis and low consumer confidence, the Agency is currently experienclng a slow down arid in :Achie.~~,~ci.ni',I.~fo~.~'ii6't1_:;((jiia.~dltBd) Square Footage Compteted Enter the amount of square footage completed this year by buildi\1.g type and segregated by llew or rehabilitated constructioll. New Construction, Rehabilitated Commercial Buildings I Induslrial Buildings I Public Buildings I Other Buildings I Total Square Footage L Enter the Number of Jobs Created I from the Ar;tlvltles of tile Agency L I 1- 1-- 1-- ~ --~ I ] o I .9.1 Types Completed A=Ulititles B=Recreation C=Landscaping D=Sewerf Storm E=Streets/ Roads F=Busffransit ;'~ r , Ii i r r:: '.12124/200"8 . ;: "'\'iIf'I!Irll!"~\Y1!i!lil:'i'1;f~~~l!l."W;lili!,i~{'~~'~imWi:~,f~!f!'j!i1lal.~~,,",,',;ilf'f:wf!Jj"';;!l'~WI'''iF!fli?'\\''~t' "m;';,wrnim!l:.lljl''''"~llI'''''-_," ~'1!il\*~"~1i,Wi!ll!''''''I'J",.,,~,~Wl~~!'"'l1:l\'lt~1m1i''"~Il' ~~m;".~~m~'r.l~ Wi\"J ,9,' 3f';~"~"il,'\,'HJ,;,"~\,,~~h dl,H(!&H~!,1i .,'w#:~?$)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 Pori 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 11m land SOUlll of H Stmet adjacenllo the Marina In tile 13ayfroot 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 NegotiatIng Agreements for properties, currently owned by the Agency and used as !"uhlic parking, within tha Third Avenue Village, tlie historic downtown of Chula Vista. ~~ .p. I (J1 .p. 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 vJabJJily 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 11, 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 Slreet 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 Street and Woodlawn Avenue ("E & Woodlawn ENA"). Ii , " 6~ The Agency also began discussions with the Sweetwater Authority ("Authority") to potenliaUy 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 City along with community partners embarked upon 'a community-building In1tlatlva In Southwest Chula Vista. Tim hope Is that the Soutbwest United in Action initiative wjll 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 I:' I. I I j': , ;, , "-,-",,,".',:":-,--", ....' ","':""'-, . Achlevem'eiit:lnforTi,1alloii~(0naui:the'd)' '. : :1"2ii'4i2CiO'a .:::. - ".' ~: i:: ": ~:'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~~~ :.; ::: /.:~.c'hfeveme-~I:!.n'fo"'m~~!~~:j~H~,~'~.!~,~'?},'.' :: ,-. . 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. ,> ::: -I'> I tn tn 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' :'~ " fji 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.. :;: ,. " ,t i':; ActlJsvemellllllformalion..(Unaudited) . 1ZIZ4IZ00B.: " !: ,. " . .:::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!!Jl@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 developmBnt 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 ;:: Olher Miscellaneous Funds or progrems 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 (Year 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 tile 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 Sequsnc,? as SIJOwn) R ::= ResIdential I ::='[ndustrl<J1 C = Commercial P = Public 0 = Other 20391 20291 20291 1.1741 3.01 97.01 Rlepol 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. .p- I c.n (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 Cenler.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 PlOject 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._,_ "ii<1.ifI."I,.,ll"""". ".~"~",~,,,","liJj,,,,,w,";lil:ltM:,,~, "."..jj.l:11Rlili'.~m ,.iR:!!t! .1{,r;:.IQwnlil,!llij!!\g~n, 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,'l.,1~1' I 59U,299,6561 Frozen Bi;lse Assessed Valualion Total Assessed Valuatlon -l>o I CJ1 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~ r ~.: Fiscal Year 2008 :'; Project Area Name Town Center II, Otay Valley, Southwest Merged PlOjer.1 Areas ~'- ~: 1'; FroLen Base Assessed Valuation 702,901,8531 ....__830,8}.9,E.??J 1,523,780,8751 n ,'. Increment Assessed Valuation Total Assessed Valuation fi \'! " h !.: I~i I:' li; i: .". I (j) o r.- r: r; r: " .-Asses5'e({Va'fualibri:bat~ _".~ ',; .,.........-...".,'..,'--. F j', i;' ~:' "" p a~i S~T~lrh~~g ~",!L~,c.i~~?Ii.Pi,~,~?l~~~~:~:~j"~!~n..E'~,;,:"?:"":: ' " ,,": Fiscal Year 12008 Fn Center IIBayfront Project Area Ta.x Increment Pass Throuyh Detail Otller Payments l~,: I;:: c: " 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 _...___$7I&11._ 54,313 ..___._..._J.Q.421~._ 140,760 L___J119J~LI 14,900 L_____t14,9Q9_ I ft u:;0J;'?'li' {~~;I'lr" \ 'y 7 ,464 ~ _"_"__._~"__._~ ,46..L-~W,,-l{f;fr.~& ~~1)i\ :;;;;W~ .": n ~"', :., :': , ~~ __JQ _~_~Q._I____E9J,30LL.____~29'!,~0"-L_____ ..$()J - . .$0.. ....: ~" ){b,"1\~Wk; l(!\i,k~l'1. ft? ,:Y4S>";1~~,'r~L___J~~Q?2,426 ~ 5,147,727 ;:; i; Pass-Through"/. School, District Assistance -12/24/2008 ;.:. I,! {: !'; :11 Fiscal Year Project Area Name Amounts Paid To Taxing Ayencies Pursuant To: County Cities School DIstricts .p. I 0'> N Community College District Special Districts Total Paid to Taxing Agencies Net Amount to Agency Gross Tux Increment Generated ii~ i", >.' " ".' ;.: :;. "-" ----. ,- . . .".', ....,:"." ---.,.,,--,,/' . ,.-.,:'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 !:: (' 630,802 _n_ E~.Q,-~.1E_ _ ' ;~\~11 &f,~"'W~. lJI1'<~ P~IY~ l~";q,;;'i;f\~::;!\r}~~~ 149,514 1 1 I 1 t- ~::: !:: 105,g87 _ ___ .__.11g9_!~!!r.... 280,820 L____~9_8.1,~_.J 29,57~J_.___i:JQg.?67__.1 705,03'/ 1 70,6921 37,U641 _~_' ,.413.,.?9.?..I-_________..._~.o..__1 18,767 $55!831 ~~~}\f--.n~<I.~f'~f~ ~~! "'i~~tWot~,~;., !~r~1~ J5~'i&?~_J____gg?~J;;LI-_.~{)_L$0 I :" ___g;,61n:!5j 8,645,603 ,:-, ,:, "-.if:~~~: -l'\%'i~f~/ .;; ;:. (' S:' I': i~:~ :Pass~ tiiroug'h'/Schoo!nJ-lsiridtAssistan'c'e' :. 1) 12124/2008 ~::, i-j' I;' ~.:, ;.: .,;. ::/, :;:: !'j7)i:'1'.1j1",!/:IiWli';l;W;j~!"'lf'),'t')'I';";ii'.;r'i.v"~,,,\'::lj1l'1WiJi~'i<lri~::j'r!\W'~'',j;'Jmi0'n'\\~'~(~''I''j'jU!'';;!i'riff~g\"i'y:-"""""~~(,";'ij,l.\T"am"~'V)!Jj""~:8.'IfI:~(t'(\"fiffl\;lPmi'W'!(IrA~IJ;J\1.\'l~-("Wj'W{~iJ'ii?l1"~"\lNr1(~l)!Viilllf\j";'"II!tP.rill~~W'~""WL~',uJ\l'.i~1'i!!l!1'';1~\':'lI~''-' .;1tg,:;..,~j;",' ::~:'i~1~~~it~\i;~'j1,~1d~NfY~;.I: I'YI(r!I-,\"~(iiNj,','~,\'C'lMI"ttryt/.iflfHJ'il'~,, "'rf;'; ~~; , ~, , e " h'l"'"' ~ ':,' ,'i'tJI'l;ti !g':,-''\ri'(iT'C' 7\f,~~;,>!,I~~':t~w;,':\fi:li,,:~t'i;'~,',:_,~.'~j~i.)\~~lg~~ij'Xifr,ik,f ......" ,....".,",.".~..~~."""""..";w;.--. Y"_=~'>lI...'itt~; ~Y.-...~J/1M , ",," ""'_'. _l;H.lli ..~....". .IM. .M. ......_ ,~,'.~~<...' .)'4:...._", ..,.,,'~\UI,.\.... ,.0;.._. '"n... ,,~\ ......"""""'''''''"''tl t~lli~~i:~lm"~1~~~~mWR;14;;:-1;~~I'rlt1iW~~~Jr.~t1j~i;l':i'lF;ig!~)j~l!1l~1ff-?:\l;"<1M~~t.tr~lt(lJl!,~ii2!~I1(i~~It.1i;"fRNttl1W~~~dl~~JI"~'R"\ - '>, 'i~:t\1\1;~l';'!1~~~f1~~!~t~ W~.i'i"I\ J'>!l!>"<'*~' .';".;,l ~S;im",:w\lj',. , ,e"",eve0 . In. '~.' en JeS\I~";,Jruan la M!H]i;t'.- ag,~,to' :)~;.Q . . ' I 'jtv;IIJi'~t\'~'.1'{m.- t11,"":'ti4:;'Yie,,) '0\r,:~\,I~!;! 1.')\R\t,-,!,~:Lt:1ml"II,;\~1\?,.l!~11f",~~)j!j\;~:'~il!oi'I+,~f!:,,~ifNt>lj;il\,,:(!,;.;~,~,$: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!~;),~!;Vil "",~" ".",~"",,,>l; "I'~'. .,-,r."., ",""',,,..,,,,,,,,.~ ......"',~~"'.,""'. .~,.,"'1"" ,'"""",*~,_'I1'1i",,,._'~h:iT:J;, "'~"''''. ,jj;>,,,,". ,..,,,,..,.., ,,,,,jl';, ,"J""" h""''''.(1!I,;,~~.. ....''''''...,.."h'''' m;, ''''.. ,;;t~~'"\<i'!i>I",.,,.::Ii,,"~"., ''''....''''M~ ""'" .,~"'"',(~ c. ~::: !:::' ......-.:... SummarY,of the'Statement oUndebledness - f>roject'Area~ .' : "c'" _ ,,, ,- , , ", - _ _,_, .~" _ "..~, ,- ~'" . ;,,- -,,-1.,,:,.,;<:-..'.;- ';,.. ",-,,,,-. ._0',:" 2008 ,,: ..:-,;.::...... Fiscal Year Project Area Name j;' Total I I I I I I t .._~llO.c9_6_5.fl.33_. 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}93,601 ;: 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 .' i" r! ,',:, ~;;: " , ~:: ",. :;ii "', ;:,j [,;. :sU!rirTi~iy:.of'ih.a :~tateln'ent 'dUiide,bledne5'~i:~:F':r6j~'c'I:A'i-ea .,,':--. "."p' f:~ r: ~, ~:: ":'. ,': :1/ ::_~ t~~~~~m~iJ~~~~;<\'I~l~;:-!i,,:~"mlf'i1l'!r.lr.f,q,;~~!iffll~,~l?~~i'J'i!;~~"flll~Jl.!!J~\~'~~J~~1€:"t~~j~M..~1m,~!!~'~1r#R~ 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 -oJj;,,,..:m;,:,,,,~d;sl_. ",..:.;.0;...- 1.,_/l;,} ~""1<~"""",,,~,,,.=""'_-' '""__'~'" '_',...."-'A"v;gK<",- ....*"'~i -;;;r.- ._~........~'" .:.:; i;,j (. 'n "" 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 L $117,~34,9i4_.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 Ii .p. I en .p. Total ',' Available Revenues I,: i,', (.: " fi g " !',' ~f ~:' ~: r: !: ,- ii\\1\I~);ll\"JMiii!f,!)~.'.\f"I'~iflf!Jj. .\\l;(~lli!li.'1I!iJ,~.' ">\!lI'fl' ..%;"j!,~),:\'J,\~.'''"!'ii'I,"-wXrFl1it'',"",",Jii1l11il<l''''\'I)'~~'''m''''''!l1I'...,.WW'"I11!''."'!~W<IJ*"",:rI'!llillll;lil'''~~~*~'''''.''' '~"I"1l!\~,oo....",n.\II'!"l,,","~' .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"ij'lfI' memilB"'Eln'l>'les,,,man ..1" a't a .... 'on"ilRe"'Qml.\\\!~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 ---I Furw8rd from Prior Year f{~~;1;~1),~~\~ ~;~i\~H~('% "'" 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 ~ ,.: \! fi Interest Added 10 Pllnclpal Principal Amount Issued During Fiscal Year Principal Amount Matured During Fiscal Yaar Principal Amount Defeased During Fiscal Year I L I I I I 1 Portion of prior year Inlerest Added was incorrectly added to Town Cenler I/Bayfronl plOject area. 195,635.1 I I I $4..B012_3~ I 1 I Principal Amount Unmatured End of Fiscal Year Principal Amounlln Default Jntarestln Default Bond Type5 Allowed: Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation .Noles; Financing Authority BOllds; CUy/County Debt; US;Stale; Loans: Lease ,Obligaliolls; Notes; Deferred Pass-TIHoughs; Deterred Compensation; Otller 'Age~c-y:L:ci~g~TeimiD~bt.-'-" . .'12/24/2008 W~~'~N~\j1m\r~:i,"(~]:ID}J~\~ltml\lW~tT;iWjpi~1[l{~~j,w';:~:\}reul'~~f!lr&~:0(i~.@tIiWfrt!Wriil~(<~~fi~~fif~~~~A7~~~~~lK~~tWp\~!!,~r~7*Jlr@Wt~i:J~A[~~1~1~~i~~~~~~Wf!il~1 ~lJ$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 $,~5,94!l,!lX3 I I I Prlm.:ipal Amount Unmalured End of Fiscal Year Principal Amount In Default Interest In Defaull 80/llj Types Allowed: Tax Allocation Ronds; Revenue Bonds; Certificates of Participation: Tax Allocation NOles; Financing Authority Bonds; City/County Debt; US;Slate: Loans; Lease Obligations; Noles; Deferred Pass-Tluoughs; Deferred Compensation; Other .. Agency':~ong:TerTn:Debt' . ': <12/24/2008 1,jj'.",.;ilm'\'!Flii'~T'.'~i!lf.'Im^'~1<\18l" m'i!ii.~~4i~!l"''');'~'tsIi'Ji'iID''''~~'l!!l%nm.K]fJ.''t'9;''l'i1lllli'''''''''''I'1.\il!I"'''WO>'RI''''~:'W.",,,,~ll\R'1)~'''~~~'.''~1l\~$~.:.\, "-.~\1!l:!,;it>W!iiil)l:I';mWIl,'i!~~~~.~' ]; "',~_'fu.~}"'{:'P;~iJw!<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 I I L I I 1 -'l 36,420 I I _E9~,02U I I "'" I m -.J Maturity Date Beginning Year Maturity Date Ending Vear Principal Amount Unmaturod Begillnlng 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 Yaar Inlemst 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; Nolos; Deferred Pass-TlllOughs; Deferred Compensation: Other ...... ,.,.,,~ ,.., -. -,.. . 12/2412000 AgBni::y':Lol1'g~Terrn:'Debl.. .,' ~\fIm..~".~~.ffi~~";j~fl?~m.\t.;r11~-m}W~~~~t4i!,i'~~i;~'l~\I?~f~~:h'~\~"'l'r~![>,w..\~;.':.\I'.:ft-;;~7'R.'i'::~~)Pi\!lr,f~~I~WI.reiMf*;;Wl~~' ~W1r,~. . \rr~.{Wr.~., ~~l~~t~})'%?;X{~.. ",ijj."!1~%~1l,.1l~1. ..,.~~~~.'-~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;,\'1"':;'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~[\f~.\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: , r ~ Vear of Authorization Principal Amount Unmatured End of Fiscal Year I I I. I I I I I I L - I I ,- -l'> I cr> CO 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 PrinG/pal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Yoar .~, I I ~ 1 $263,978 I I, ! i ~. i Principal Amount In Oefaull Interest In Default ~: Bond Types Allowed: Tax Allocation Bonds; Revenuo Bonds; Certificates of Participation; Tax Allocation Nolos; Finaflcing Aulhorlly Bonds; City/County Debt: US;Slals; Loans; Lease Obligalions; Noles; Deferred Pass-Throughs; Deferred Comp~llsalion; Other " !,: " ; Agency Long-Term Debt : ":". :. 12/24/2008 .-.,..-:...... 1!!::t{~~)~f,[,'t:l',t\'~D'1.i,I:II:)i,\'i'ri~!lf'~~1\!}FPJID:llg~'2i,~)Y~~"jliif~~~::JJI"'U2~;-!'/jgkW!l'~\'~'j\!y'i*Wt'?:i!i(;'fR~.:~~t(i'r'I\!1;ij\!Jl;{\~'~~~\!I;:.f~\):r~~;i\\~\~l~iti1i'i:'il"9~'!::1~';I~XI{ll!1i,q;?'~j~:"~P'~)Pl\.\t~",'~J'\\ff~il~;'mi1;~I\il~I{"~YJMf,kli;;ri;)iA~~~W:{iIOlh'\~\W:j~'c:~~:,"~4}q(iTl;ti11.\}'f-;~41,t~1iii.\~I':~ tb~,'<~!l'\Mif~;,~~iJ~'!j;l,i}.,t':'*b"Jf!1i"','Iit,~;,."fo'lir*,,;.",.Vr,1J~il)" ~ "::d;".w\,*~~~r, ',' 'i;'41'1~'~ntl', "~IV,iISt !ilrn:C'tJ~l]~J:l' ' p.m. ,";'1 9 - ~VXJii;M; * [~~f\"i~$'t\~\~i(llJ1!:'~i"-j):\'!:~Pl'a;>'~~-;i\\"',!liiliL'l?l;!1,'N'~\1'1~~!'!,;,!:~ ~:'~;::l~~;~~,r!~?~1(i1I~\t1t.~til~ih~'1I'~~~0)t~i\i\\~\~j~~'c~jJl~\l:j,!h!i~~~?J~llf.&i~~)IWl~' ,~;~~1W' I, t;~,,!:..~1WIDX~~ 1~'~"\<!Jk~..s.4~.Ii'r~d~*:}T~M~W~~~~\1~~~rr,r.Jktlit~~0}u::;m\; (l}JF;'~W~]1~.i . "r.~~'tIJf,-~~":, ,'(l;W~~~:1!~~R~J~I~'f(~"',j~'~ ry;W$"r.t...;'ltX,\~vn\'l~~W~E'-',:m:r,~rU~';l;":J;l1Wli)]41 rW1ffil!Jl'~m'1':'>>'~','!lI~''.:!Y;Ji;.1'I:i\~ffi!:'~l\W,,~\'O_~JPW,tr.'W~~1f$:&~~';~~I' r;y.{ii~,"\)fi,,~,\)"..-(,)<<:j! \W'),'<.'~i;'](' ".',k.1;'.}Q,~f.1.!~t'it1i .t:-oe eo,: "l':M.' n'cl ',' ..f '.' llii ~'n Cd" S~t(. 'H~~11;"o/i'"i-'f;~.\;~~afo'i'.~.!J:':!,~I<<:t)!RR\K<\'1l;'im~4'!l\...j' ,,,"" ,,"",",, """,,,,.t(j,,,",,~ ,(."",,,,",,,",,,".,,,,,,,,y.,,~,, ,,, ,!iln,.~iSf!;,.,._~.! ~mU!!lJ,ll",~ T@.""lllt_ ",,",,,~,_,,9,g;Q',,_,,,!j.~I.,,!1\ll,",,,,"..,.li,,,.",,..~L.!,i1i..I,.., 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 Bond Type Year of Aulhorizallon Principal Amount Authorized Principal Amount Issued Purpose.of Issue ILoans L I L ~ I O'l w Maturily Date Beginning Year Maturity Date Ending Year Principal Amollnt Unmatured Begir1l11ny of fiscal Year Adjustment Made During Year Adjustment Explanation In\eresl Added 10 Pflncipal Principal Arnountlssu.ed During Fiscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased During Fiscal Year Principal Amount Unmatured'End of Flscat Year Principal Amount In Default Interest In Default [ [ L I [ L 1 I [ L [ [ _~~~_a."~~0 I I I 1 50,460 I 1 $498,490 I ~ [ ~: i; , . Bond Types Allowed: Tax Allocation Bonds; Revenue Bonds; Celiificates at Parlicip<ltion; Tax Allocation Notes; Financing Authority Bonds; City/County Debl; US;State; Loans; Lease Obligations; Noles; Deferrod Pass-Throughs; Dofened COlnpensation; Other Agency,Lony-Term-Dabt "12/24/2008 ~~. ffS~'ijJm\m~~1~~J..\,~~~'!j{m{,I!~I'pI,~fjf~~'~'\~17iM\;~~p.:~7!S!Jr>1;J:wl::"\f~~m}'~1:~"I'.S~~'~a-:~ffl-'!l;,f:.}1i~~11;ZI'lJ;$~Th'l;l.~rJ~a' '-'mtfin;lr,~M~1.('}i\~~~:'I-" '-I:l"I'U',1lrll^~\": ::..>F'I.l~;,.~}~~:ffl~!~I:~I~lk.~.!li1 -,<~,~."-"\i.iril'",.~t,~r~\.j,y;,I!f;~'W!:y,,,%,'iit,,,,~~~,irl, .-~~r,-~!,~':.~'l'f'I':~(,iJJ(lR\.'.~:1 ' ,~~ -, rj~\:i '\H.ai%\,~ " q ~~Q ,t= .""'. rilenl'f'J '~. C ~I~%'~': ..-, ~ l~W.~';~~N;;,h ll"I\"f.ID; - j):WbX\\ili!!\'>>:~\t;".Ji;1't<l.liM':><:\1,<'ie;~ ,~~tik2Il'J&{~!ll&~;)~j~!lililiW;tVL:wt;);~R~~,ril~i;~i!ti.~)t~jii0IE;)Jit*:*~'~~'ii1[~i~~t(\11idllVit~\\)Wll$l') !~,iI\1\iJMj~I:~0U!lll;:i,;;k~);;~\II\N,;{tI;'}i \';t:;;{(iEi._1~'i"'~ , -.~{t .\.~I{.~~~M', Wf .i:].l\li.\J~~. ,:g.'&};};,1\11~;lhj:v;;I~~\it\g~~~x(m~'i~ViI~Y.~ W.'f~1',y;~1r.W;;W;J;,.ii,%~1~~i~IVk'tY~<<f'i{~~?arNt:g"Ji\f4'i1;'J,.j.I~f~~lWrl\rI'k~t~~i~tiilfL'HWl~~5%N~'~i.;,!ml!t0.'0'~l1IH'~"1'"i'~~ff,;1i:'tlr$i~1\~'~r::ttf.~w.:-'J:~r~\JJiit~lm~m~";~llfr,\1~~f~~~r:if~:~~~~;W4.~~\l~F'!It<'lIJ!l!i~~~ ~!~~~~,~jE~~~~Wlil1~~&I~!i!~,y,~ .QP~I[1:€!...1!J1i\g.';,d~.fl~",!tlt""L!rn}J~~!:L1..J1@_1l..~11...ll;.l!EU1;?j~Q~!!.iii,.'~ ",:,,*,1; fufl>lr~~~~,~'~.lf/ir;\.;{;it1 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 Forward from Prior Year Principal Amount Authorized I 1 I Principal Amountl5sued Purpose of Issue To Fund FY 05-06 ERAF Payment to the County of Sari Disc 0 1 20061 I 20161 L ___p~1,0_3~J 1 I 1 1 1 1 I I 1 I I I 29,520 1 I $291,510_J I 1 ... I -J o Maturity Dale Beginning Year Maturity Date Ending Year Principal Amount Unmatured Beginning of Fiscal Year Adjustment Made During Year Adjustment Explanaliorl Interest Added to Principal Principal Arnounllssucd During Fiscal Year 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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'e:.., ":;),'~ '""'''j\[~~'''~:'' ";,"i.-'!i;\\'R<;\"l' '.1>1" q,('$)7"",1:';.c~:;''''I!r"}\,j, /,,,', "I""""""",.,,,.,,,,,I.,,,,.,,"",,",,,,,,,,,,,,,,,,,~,,,",Rll~~""Jilllilim9,(I".fA l1!l~,I!L,Jitl~Q,,"JI "t,,,.ll\!Jl,lli!,.Iti~U~~.llqJ'it,""I.,,,,,,.,,,,,..,",\1,,,,,,,,,L(,,",",,\",".\""",1.,,,,(1 FOIward from Prior Year Bond Type ITax Allocation Bonds Year of AutllOrlZatlOll L 2000[ Principal Amount Aulhorized [ 17,000,000 J Plincipal Amount Issued I 17,000,000 1 Purpose of tssue ~ce Redevelopment Activities Maturity Dale Beginning Year I 20011 Maturity Dale EndIng Year I 2030[ Principal Amount UnmaturetJ Beginning of Fiscal Year i __$~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.,~'O_J Principal Amolln! 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 !~ " " !1 Bond Types Allowed: ::J Tax Allocation Bon'ds; RBve, nue 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 'Agei';ci}i.':'L()hg'~:r~rlli,[)~b't'-, ' , ,12/24/20DB .",-..... ~~""'''P''-'''-''''''-''<~''''i1:tH'~'''''''-\'it~I!<",.=.~..~~"",....,.".....tli''_'l"ll\'!'~"'f'~~jc""""'_~'_'_V",~~,'~;'''~;,,'!''!;!'m,m:;;'''l"'''1I''''~~"'ttt-C"""""l'P.;'i"'''l~'''''''''''~''.'^,~''''''''''''''''''-':$.'!l1.'~'''''''=--:t-~'"""->liI",,,,,.,,,,e_IlI"!Oinr,;,,,,,,",,,-! !;, .':'.i%"';!~"I"I("'0~1)'.t<i~J\"ll_Wl.':ll;if.yl!.g\~,il'j; ;\\' ,,,,.~1.~'i?!1I,1."..' R"\;~'''i1-\:l\'I''.'!i>'''i.''; ;&\{i!~'i' l'I~."f .' 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'{'\\"-'!"';'1'~' i-4'\l@'t.-,'cri"l\~~hif~",,'_,i~\ "1-mJ,!i,I<>!C'4W ~il:l:~t\tfAl~iiJrlll-~t11~_\~~~I~~~~jl~J~j~JWi\';QttrJ&~rl,~1W1~ll~imtj!l~~~tlil~i~l\i.'G~I~~~i~~i')~lPW.~jW1~\iil~\~rJLllirf~~jli&~t~.rt\i\id~)i&V&g{i\~lf~a~~~;ltlllik~~]~i'11Miu.~~i~;\t~1 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!''.I\(,,'i'li';~l!i''~ill;m~~ll''lr.I<~.Ii'!!I\1i!f!'l tWw,j~1i5\~i~1~.tiEl\il\~'AdlM,,~llit9;t3rJ:Hr~~I,' " ,~,~,,~M~..9-~,tlll1.st.~g.~!lg~IT!.lB.iJ1~, ,it ~~~lf!tl~j!;~llqrm,j!MM:z.JtJ:n!j<~~i<li!~\i:.if~t~\~~w:rr~Yltbt:"~"~iIi.: Agency Long-Term Debt Fiscal Year Project Area Name ~ ITown Center IIBayfront Proiect Area Forward from PrIor Year "'-"I\""""'I'm;I''''!i'''1W''''fJiliJ'''~ iY es,,~.~':il" ",','MiYdi;", t-,,~j,\~-,T'_ .."1,,,. . -"i'.~"ri ., 'i' .';'I~"t(~.'W~(;Jj~ ""_< I Bond Type Year of Autllurization Principal Amounl AuUlOrlzed Principal Amount Issued Purpose of Issue L I Principal Amount LJmnaturod End of Fiscal Year I [ L I [ I I [___I [ 395,O~ I I L_~~i~,tl~~_J I I I I Maturity Data Beginning Year Maturlty Date Ending Year -J>. I -.J '" Principal Amount Unmatured Beginning at Fiscal Year Adjustment Made During Year 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 Pa5s~Ttlfouglls; Deferred Compensation: GlIler .:Age.~.~y.'.L_ong-~~nn~Debl. . .12/24/2008 i'W,'tJ',V,\limi~I,N~il~.I~"!J~lf~h~!!lifit'I$li!i"i.~it!W:Ji':{jf!?fi;t~1;);,{P~;!\~11)\t)iM8~\~~~~!:&j)~1;)~~\,~,~"~'rlj,;;f!.!j:':\;:;\I":iff.~,~\\j~1:~~~W~R:~~~!ii~W~t\ij;::;,,\itl;if,J;~W'M'V..\\V"ll(X~{t~\R~\\?m~',f~~~y,-~i)~~~{~;;tJrff:j~~1~1\W.Jt!''$Jil(I'~!II'I'!I!j';jI~:i~~~~~B~,'ii~jfi:~Jl{!ff!}'tJi;'\f}fIli""t;\{~'HI'I .(r:J';~;t1;~\I;\hl,_",~~iJl,tb"ifllI#Jli%iW,!i~~~!i;\lt~\\Jfi!~ir~IIil:~:r~' -<f~_,1JI~~,'ll:H 'ii'WI.l!'!'" 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Year Adjuslrnent EXlllanation Interest Added to Principal Principal Amount Issued During Fiscal Yeur Principal AmOUll1 Matured Duling 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 ~%!"i)~j)l"~'Jl"I' "Jjj[".f"'~1P!_.",,,,..'li!!lC"'."'l1ii!1Ji,"'''.~'''';:;;'.'\J,'i! '.l\\"'I'<'ll1"'i'.'~'''I!'jj;''!''''!''\.'1'''.'~!I'"''';'''''~li1i".",A,r...,j!,~'II. 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Fiscal Year Project Area Name 12008 ~ ITown Center IIBayfront Project Area .p. I -.J .p. Principal Amount Authorized PrIncipal Amount Issued Purpose of Issue Maturity Date Beg!nning Year Maturity Date Ending Year ~~~ [Mortgage Ruvenue Bonus I 19971 I 1B,JOO,000l I 1B.300,000 I IEucalyptus Forward from Prior Year Bond TYl--ie Year of Authorizatlon Principal Amount Defeased During Fiscal Year Prlilcipal Amount Unmatured End of Fiscal Year PrincIpal Amount In Default lntereslln Default I 1- L_~.. ....~1~Jg~!.~O_1 I I I I I I ..EB,3?_0,O~0 [ I 19971 2027] Principal Amount Unmatured Beginning of Flscat Year Adjustment Made Du.ring Year Adjustment ExplamiUon Prlncipat Amount IsslI.ad During Fiscal Year PrinCipal Amount Malured During Fiscal Year J 'I I I I I Bond Types Allowed: Mortgage Revenue; Industrial Development; Commercial Revenue Bond; Certificate of Paftlcipalion Non~Agef1~y.,.Long:!er~~\D~bl , . . 12/24/200B >.-:....: ." l;~1i~~'fm.!Jr!~Il~~t~t$\!i~,'~l1~~\~~"~~~.~~~~' .if?....fi- l~t.~~~~rliiitifti'&'I'l*Jn\:1'r:\'J'Gt~~7,W~fi{))9~'~~.i)j~~t~fi'-<0>mD!l)t!illil~ .~l~;f.i!r9l11~l~~'i!W,~I~~~~~~~~l~~%~'D,~"~~-~'*'m,' :#;1it~l1}N:~,\~~$'$\~~,!i}S1~ ';';~-!;\'i'i:ih~t~\M,w"\tW~.,'~W~i~!,'rllt'~8%1L~Wti~ju""tl!i\;:~~t" <n _rr ',". - U QI\\\tJS 'ai;ae. - ev:p- Om,ne " '.er, ,'- e'tI~' -iJ;l;J;'i!k~\[!'fll~1 ~\ljJv ,~);W-t ~",,...:~tj):'::'&k\gh:tII"~l'~WI\jJi\:t!A"'i"l rkgr;w.B!~~11M;\~;ifJ:~~:~~~j'I;~~f;:~1lt~~(~i:~"tll;~~~~1~h~Ytlili:.~:~.~t~J~~~t11~t\t~~tj~]~tll~\;tZM7Jl!~~{~~m1~\$~~%~t&~~1;1t~~€'~~I~:~u~~!G\tiL~~)~it~~~~1~~1\~t g'l(!jl~~!'K4~~~>>~i~]'~1I1l11lIHi11twjJift'f.<<~~~1~~~lffi'~1'fj;b'1j\~~liffi~~rfi1f'lii\"tl~~~~R~~"Wft€l!li'!~(,jll~ll~1li~l!b~~l OC-,&,.,!.iAA~~'.W~~~~f~_I:tf.A~~"ii:t'~'iiiU~,.:t::I: ",t'--";'~1\.\i,"li>Mfll;.'\<.'''~''~~''''1iik4'ft~k<U'r,;~ii'''''f'1:Iv.''''!~".Il~~,~Itt.,~~v,";tl~"';;ii:ti"jliti.ih1?~~{ffl'!lt,,-\,\'im""-' .:.-~~~:':- :-..... ~-- '. -:.!... .~.:' .~.,. :._-..~..-,... l:l::~"'-:":':;NI~_i!;'g~:~~Y;!~:9:~~~~,T#hW{~F~J;;':,;-::~;tr,.~:..~~-,: .'_.~!:,:;.., - -.~.~ .'J~__..~...._~~_,_ -~":. ,..~; ~"'.-'~ ::: Fiscal Year Project Area Name 12008 I ITown Center IIBayfront Project Area Forward from Prior Year Bond Type Year or Aulhorlzalfoll ./'> I -J (J1 Principal Amount Authorized Principal Amount Issued Purpose of Issue Maturlly Date BegInning Year Maturity Date Ending Vear Principal Amount Unmatured BeginnIng. of Fiscal Year Adjustment Made During Vear Adjuslrll,eflt Explanation Prlncfpal Amount Issued During Fiscal Year Principal Amount ~atured DUling Fiscal Year Principal Amount Defeased During Fiscal Year I I ! I I r r- [ I_J5,71~,~~~_ i I 1- ~ I 110,000 I ~ Principal Amou~lt Unmatured End of Fllil:al Year Principal Amount In Default Interest In Default Bond 'fypes Allowod: Mortgage Revenue; Industrial Developmont; Commercial Revenue oond: Certificate of Participation Non~Agency :!.-ong:T erin':Oebt 1,~rmE$~.":'I:t:(~~~'(.1W;llffu.'::..:(IIW('j4)WI,!?0'miX"'1".~~>.,~~t\'~~Kij)lfirl:if~~R"":'giil$\~<i'Wi'W~~iii1l}Ii::{'t,~\~'i}.:\'{1'ir.i~iliii::'riFV~'rgMilt!r',;r\\I!Yff!'ir~J\!\:~'it:t~}lb<B1;1l~.'11~)W~~l;mr~jrofE~~:t1~\'w;r.',~~\,,;~!'.,!~~:r.'wa;~':~WI1n\t1.\~I'i1W.'W~W;'!~t!{ij~ ':&'lii}ij),f-,. ,)i:!.~'*'ig~,olU:].\',i'~"!j":/,~)1i~f\}$;S'~i,)eUe,V,,.e: 0 ' menI;":8.~gencleS()IJ,J'lJan~f:l' "%il't;t$'aCtIQN,SJiI~ep'om:(J:t:',)1;j~~~~;jj,:{i\ltl-~4l:~II)~,-~\":i'i'lt'l"1111!"t~~~;l'!1i;h:;i rt".,,-{~,,& A~~St.l'ff.'~~~W;.1ff'~~ttt.i';;lf,,"'~~;>j' l'i~u:~~~y,Ii:'illl';''i!''lliiIilliill.a~~'':':''r.,;''!Uc:@l~~m-ili{,,;'ti ~!ut.1$fIili:ii1&1i)M";\~ ~w:':\:.tt_'l~ll'::"JZr~-'a .!.'.~"lL':,',~~:;,:.' :,:'>":,:,~:...::.:: '~-.'.:~ ,",: :,::~',--. ~.: ..... :..~\ .::,.~,..~~(., .~:,?,::YN~ri~A:g- ~~i}~~_~:f/SI~,-j-~H:p-~~t~~'~:~::'.>.:?'~~..::f.>/?':'?\::::'--:'::':<:-~__:,:;:~.~~~-:.: r~::~. :. ~..: . .: __-C" Fiscal Year 1200B Project Area Name Town Center I/Baylront Project Area Forward from Prior YlJar [~~'~lf1~~m1;~~~~_ 80nd Type IMortgage Revenue Bonds Yoar of Authorization 20001 . Principal Amount Authorized 5,779,000 I Principal Amount Issued 5,77~,ODO I Purpose of Issue [Pear Tree Manor Maturity Date Beginning Year .p. I -.J m -3~ 20311 _5,~120!0[~OI Maturity Dato Ending Year Principal Amount Unmatured Boginning of Fiscal Year Adjustment Made During Year Adjustment ExplaJ1<ltion Principal Amount Issued During ~iscal Year Principal Amount Matured During Fiscal Year Principal Amount Defeased ~Uring Fiscal Year 'Principal Amoullt Unmatured End of Fiscal Year Principal Amounl in Default interest in Dofault I I L [ I I I [ 80,000] I I '-__J~,~.4.9,~~'!...J I I I I Bond Types Allowed: Mortgage Revenue; Industrial Development; Commercial Revenue Bond; Certificate of Participation Nori~Ag"e.ricy:~oj-;g'''Teriil'pebt .- Pa~if{3.n .12124i2008 ~twK~!'rll'lii:liirt':.',t~,;lmrn!~';'l.D,Wk,\~jtm~<':-i;\'i'ld"'i:ili{mn(illi,Ji~mwJ..'ifif~~(;.l;i]:J'lKf,i!;,%W}Wi~~jWtli\lti;:"!M'it;1)'qll:,r,:i.1;:.~4~1''il~1;:t'\'Il~%~~:;'ll1ii1''Ci~,ftl!!m;:i~r8!).':!~~~~~'~~~l~:\1i~4ll~l,(.\~):;K<lJIt!il\t'!'~~~mrt,tP:titi\j ~~)!\\fi{~h\'~~r.:_t-, ;t~:?AIl~'i~M,; :e eV:A 'op'On~:nlo4mnenClaS;,{rtrJn'anCla M;IJra - saC lons~: aO'lit,*~ji~Ii\#Mli~~:"el!l:~j'~~-iia~!t\~i?41~I~ ~,'1.11lo!'i>~'tiltJ.t;&!"~ 'il.~~'i(f:,~' "",,,,~,~'.e,(~~ll'4W;Wi";ltt\\.;%o:.'r1,\\,\i'i~'i,j;f,:;l~,'<i:1jii!&!r:.\iii'iMi.\\))l,j;;Wi1I,::!:....~(J');:~,'\olt\llll~liiMf' ~llw:'lIl,W:ij~ jWiWijlt;"Wii.l~~ib;l(,w.:.)M~tt1.\';;':oJli:;i\~ll;;',~;f" .\iUii.W~,\I'&<!$ik;~Th1 . .",'"'''' . .", . -, "',' .' ,.,......... :"..:.::,~~~h'~A~'~D:~V::~:o'~;~i;T~;r~F.~"e:~{-':..-:"...._,...,~..,'~:,".:..:.--'-,...,.."...,..,.........,....? ......... ,. 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 tssued During Fiscal Year Principal Amount Matured During Fiscal Year 1 I l- I 1 [ I I L 1 I 20341 14,.079,0001 ./>0 I -.J -.J 'Malwity Date BeginnIng Year Maturity DElte 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 $14,664,000, 1 I Prlncipat Amount in Default Interest in Defaull Bond Types Allo.wed: Mortgage Revenue; ImJustrial Developmont; Commercial Revenue Bond; Certificate of Participation Non-Agency.Long-Teml Debt .~'P'a'ge .4.': '.12/2412008 irm;::~!1{1,'l~t;tIJf,.1i".~.\il')~w~~w:ri(r~'.0~t<;'7i;;liuNfi,J&llYff;~~'f5g;;g(.;11f.~H\'I'ii'~p:,J-vT,\m't1'i\t~(ITi"Nl~;o/'i~~.,W!J!r:i:!i~Wl\'i~'~~:1I!t.~~iR!~,),~~.tl'I'j-!a';\!El!1;';{1r{mt.1~\~ffi1jV:~Ni!i'jl.Wr~,\lti~t>~~Wi".AV#.~I.~.,\t!,l~&1:1~'~~~"''!'&,:~!'')$.V#?J'I'B k'{{"'HrJr~"if'if.4'I'i':4FI';'('I~'(ii('"i@le'~:,I,!,~",;~~~/{LfXeue\t 0' n;'1~n ":~~' enl.;lo'l~S;J 1\1' i B'nClalr;!ilft;...l"l~ae:l;lonS'iJ.I~'A'. OI'!lil,l!:w;~",\'lW;!\~{(i%_#i~~t,Jjf~l 'M,~.%l'i;':;~'i'!Pt-I,j f'i&J,!!i'it~,!~'t~\~1i~I;])~\1\);1~t,\fr/jt~b~,~'JiJ!ill.it;.'(i;t&1l.';ii,1:;jiii."W.';};I~~f'I'tr,;V;'&i:'>i.J4il:~ij:;jll~il~..t~k.Idi."'IMiliJ\,[H;;(i~'~\1~\il..~Yii&1l;\~~U~t:iii\'$W~),^l\\,~,';,!,\""'lWIi!i'1.~_1~,\dii()ljJ;':,w.\.;i~ldi\'J\~;T;"*l~:;~~,;i, .. ... "'-'.. ...-........,> .,.......... .. .............-.., .............:.;Nori;Ageh~y~ihg;t!ii~iii~Bt.'Y;V/:> ............ ';" ....<. ... . 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 I [ I I I [ I I I L. .$11,.19~,0_o.o_1 I [ [ I 2006[ 2036[ .p. I -J (X) Maturity Date Ending Yem Principal Amount Unmatured 8eglnnlllg of Fiscal Year Adjustment Made During Yoar Adjustment Explanation Principal Amount Issued During Fiscal Vear Principal Amount Matured During Fiscal Year Principal Amount Defeased During riseal Year Principal Amount Unmatured End of Fiscal Year . ...~ _),..~~.?~~gQ_1 150,000 I Dond Types Allowed: Morlgage Revenue; Industrial Developmenl; Commercial Revenue Bond; Certificate of Partlclpallon . NOI.I-Ageri.c'y:,~ong~Term':Ciebl , ....::,-P~O~:.5. ': .12124/2008 ~3{~~~i~bf~~~~'ift~ffi=~!lt;~~~~B~?;~~~~(Wfl!1~ g1':W/!lr~~-t-<J'1~1'!'A1~j;'<ii~1\W'1;~'''I'i('lJ\'~~~)'j/~f:i;t]~J:#!:r";"':' :-':' ~i~:b~'~~~i}J;:~;'r1!~~t;t\'~:'0J;\'i~\UM:;~~(,;:~lJit~trk\\~liJmtj~ft~i1,',1~WlliM3r~i&~1 ji~':'.'Rl'J'1!:~"~"',\i'il~.~'W.';W;~.""''".'\':';i'I:<1~a;il'i{.' ',,;,':'1',\l;\18,";\ll-II!(t';1f'111"~W!ii ~'ir""~l'/@\i'f';'l'!J~1'f,!ii"fll'\,lW)e:;~i~'I~'~'i'?""'.~"J:.:~GfC1t'''l'111~\:'W.'R;t'. "ill!fl'\\.'W"~~'f1f~l""~~~"'\\'f~;Wg. ~tJ~li'''~'[f~~.-.~I-'_''''1'liflt~,.,.q:''.~f!''',l'tlil.m,,''if~. 'Hi ~~;";I~iW\i~t';i~j~lil"i:~~,.ttji1';""-Mit"f..:Re{fe)J:elbi\menti'iA:'9"'efi&iestffil"man'ci"al~mtaA'sa cti~fl's'iK'eD'gN.)(~if~@;~~F", 1,1:i!.<;i:~~4t-li.~;';~0~'~~ ~!;ml&:J~~:.&,~~~11W,jjr.~~__~t~~it.1li~~dLi.d~':.ii,;~',f;w;iW~'W..\I1lJ}~,,,*,!t,'~l}1'ff~":'I!;;~\h1.:[,'..!:::1'~~~,i-}h~:'~f~fi'~~~~~~'f.~~"'~~~~~',~,~~~J~l~,!t:~~~,!~~\fu'-dif!~~""iiL\\:~till1's):,$;!11j~J,~~~tUlIH :. 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 ~"""".~>'.ff:'.."" -~ ... ..(, .', !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 , 1 Maturity Dale Ending Year I 20351 -.J CD L Principal Amount Unmatured Beginning of Fiscal Year 1 ,6~~,00OI Adjustment Made During Year 1 Adjustment r:xplanation 1 Pllncipal Amoun! Issued During Fiscal Y~ar I I Principal Amount Matured During Fiscal Year [ 25,000 I Prlnc1ral Amount Oefeased During Fiscal Year I I Principal Amount Unmatured End of Fiscal Yaar I _______$1,660,00..0 I Principal Amount in Default I J Interest in Default I I Bond Types Allowed: Mortgago Revenue; Industrial Developrnent; Commercial Revenuo Bond; Certificate of ParticipatJon Non-Ageiicy-l:.o'ng.:.Term Debt -12/24/2008 :.Page'?'.. ~_~l~~rjl,~~t~$?'~?g-. ~'.~.'fu\\~It:~Y!~'ltit'"'d:III-~t,\l;l<'tt~}~I~;:lIiW~!.~f!''&~X~;'lfl~:t'!';'~jf.}j3;.Hr~\tf'.-~3'>\~~~lW~.$~.J..t,l'~"'!~}!;(i.ID.i7.{),Th)T~~;,':t'~RY;\II:'!r'R~W\'i!!!;Wf.'J\ !.11"1';; -.':T<('rf;j'f~il~_;1!;(~!ll'f:;\ii!"~1WlJ..\1 iifi:L~~''>',-h~<,jl-,4l~~C\:t _ ~{~.:i'-1fIJ,:H ,e eve ,0 man .'Ij;\' ct 5\\1;1:1, anC,fah:HI'i so.eLPolls on.' '-_~ - - "" J,';'" ,i'~f.'~@:~'flt16~)'1 ft!i::ffi~~9,?@w.M~~lr;hf,~ ,,~~et\lJ!\~~(i~iU':l':it~'$~~W4~!:"~i;j~~~;~~,{J:~{~Mi"~'~~!~'11/~:>i~;~"ll~,~qiJ'~~%.~\);f:t~;":~'ij~~\lf;;~,_" ',~~,i~l~~',r\llI~ "t~~I__~'i;l~~itBI - ':.:". ..,' ":' . ...... .." '::. . ",' .' ....:.__.. '::.~:'..: :.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. -Po I 00 o 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 '.; :: Principal Amount Malurod DUling Fiscal Year I I L- I_ I L_ I I '~37,940,OOO ,I I I I ] I I I 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. , ,..12/24/2008 rrrR'J~Wt~r~~~~i~~~rfi;i!Gi~~F~'\'i\~!r@~ty.l)~~~.~""7~-I~:<Ii'?je.J;'1"nJ!i\11:ilrZl";Ti'Jr~W'~~"tR~"I~.'jf-iffl",~w;~ly.<tl;~:ili,~'t~I'!''''Jiib)!~U>~1:W.t~~"~~'fi;~;mmmi1~X1w-n1lT1)'f-'ff!1!f;;tr_lfm':'-:$>tJ IF;i:(:,'li\f!t';;'~J,i.1:$(\'1W"I?tW~"M"~t,;,;;,':,l'I~'Mj';\I'\""";~<i.. '. 'I _~'.'" 'i,'~ . -\I' aW,1S"i~VK:'euev:e: .01?1"m.e '.I' .,,", 'gemc., "'fi\'I!"~;-'"~'I""N~\'WI~~i~t~'{11"1!;'\mi;fd),Wli" ~\'(aWI'iw.t:I"~"I~'I'.\; ~,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;,~,,,"''''''''VJ~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 ;.: I': " !: 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.. i ,. I !: t; { /. " ;: Mortgage Revenue; Industrial Development; Commercial Revenue Bond; Certificate of Participation h " Non.:Agency.Long-Term.Debt . ''';P)gi3:B'>' . .12;24/2008 :.".:'. .,.. .'.....',.... ", ..,.'.,-,., " ....'.....:. .. ..'......,.,;. it i'. i! ,. ,~: ';. j: ,': r~' ''''.~'''"~1Olj'''\~'1';>'''~r.''l1'''\''WI'\~ ~A!ii:lffri,W}1IltL~!:~;;r1l~w~:-m);r~:~n1t~~~ . t~~-:;'.".~A:'\0~\~,o;ut~>iki,~,~"!")~*r.,\l~,,,~",,,:~,:,?,"dMf.J ;. f:; ::; 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 16,670,000 I 10,3~ [The l.andings Apts [ 20521 r 2052] i I c= 1 I I 1$,10,340,000,1 r-- I ";'i .p. I CD N MaturHy Dale Ending Vear Prlllclpal Amount Unmatured Beginning of Fi~cal Year ~ i' , ..' Adjustment Made During Year Adjustment Explanalion -.J '. , Principal Amount Issuod During Fiscal Vear 10,340,000 I I I !','. 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 '.. il! BOfld Types Allowed: Mortgage Revenue; Industrial Developmenl; Commercial Revenue Bond; Certificate of Palticipation Non~A~ieincy~[i.ong'~T err~ Debl i!!: !:; ,. ., 'i: ~~ .' ';';: &~?[;j\~~[~T:~\. 'ii;!!if!t~,N~~,:r,~~,}\i,'r~l~IJ;ffd~;imlIT~!'I'~"'~""O';0f':r-O_}"h-;J<;'iil~:j<ml' :cl~j.iT,.',Wt!'a~l!1,~\Ilr.ry::te;,l1vt)~!.Ic!;(-J'~@ff~Wf,)nd~{1~r1{cl~e',1~n~'?J:J~n~'::,m~i1\,,~,:~('~~Ylrt&.~r1'~1;~tq$~~{jkfl,i~ff'"ill~~~~1:V!,r,'~!,~~:~ .,.,.",~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'~'-~~~ '" 1'; ;"..,." 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';{i'", ! , ',' ,',0' ,,-_ ':0.;', ',~N~;",,-- ,-", I r---' I I I I I- I I 75 3641 I :J ~ I 11011'11 I I I I 482 026 I I I L I I ~o .1 .$01 .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 .,..' $01 I I I , -- - --~._----. $.0.,1 I 31,8841 4,4131 141.4361 mo_". $17!,7.33... . i~ L.nmJ'~,f.ti!,Q1.Q_L ..._1S'.!X,6.9.1. ..L..__~Q5.,Q33.J____.__..._._$O Jnn_~Q.Otiti,~.51 ni .' .' ., "'>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 I 1- 306,138 I I I I I I 159,0921 I I I I I ..n. ,... $0 I L I I I ~o .! I I I I ..~ .. ... $0 i I I I I $() i I I I I --,. ,.- ~O I I I I I _.0_'. ."0.". ~O,_...I ] 760,287 I 3,251 I ] -- ...E63,5~O . I _~o__J___ .~L-- .~~,aL4,~?_L:I ,$_U,~g.c,Q2~_I____ _$1,'!E.3:1.Li_ ..:.-..,.,.",.,:: ......... .'e".,__' Page:2 ::. ...... . .' .,,,.,.,-_..... .12/24/2008 ...t.,.. ,'_.":~",:.~,. Slatement,of Income and,Expenditures -.'Revenues .:...... . ""St~ ter~H3:rll:;'6nii 6'(j~'~ :a'~i d-j;~~',je'n(i,hj~es:H_E~:p:~'~{tfHGreis ;.:..-... ." ,'.' ".' '" ,,,,,.,..,.',,,." Fiscal Year Project Area Name 12008 I l:rgwn Center I/Bavfrol!!E[Q]ect Area Capital Project Funds Debt SeIVlce Funds . Low/Moderate Special Incomu Housing RevenueJOlllUr Total AdmlnistraUOll Costs I 845,7851 I 630,762 ] L- ..~1,4!~,~47 ... I Professional Services 1 229.1061 8,0141 65,6221 L-- __~30~,:r42 Planning, SUlvey, and Design r---- 1 L .JO I Real ~state Purchases [ 1 I .$.0 J Acquisition Expense I I I ~O I .j:> 1 I 5.6831 I-- 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 I "" _$0 : 1$81,876 1_,,__~1"4~J,1.9, Lm JO ,I '-_$0 I $0 I $1 ,1~6,254 1,186,254 [ 685,000 c== I _ _ ~_l?~_~~9.0P ..l , $0,,1 '-- I_m L $0 J 85,900 I ,___, J~_~,OOO "I i ____Jg~?~~_I___j2"gg,g,6g:I__I--$!iJl1Il,1E_I----------,$"-I--11Di!~~,0~~"I L-, _WI7,~,5,~J ,_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 1 1 L ---'-1.... ..$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 L.n.._ .n_ $0. L. _g01~,q97 I..... ..__~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,11Q,245....I.. $4,?n,?B1.J 64,101j . ..$.2"~~7.,07.2...~... .... .. ....'$1 ,O!O,~m.l ...10_1.. $0 J I I. ..'to..L ~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\(l'iW~t~~',";jf'''fl ~I~~~ill&:1'l\:tti!tMW~l.dt'j~:~; - , &~ilJ- i!~kt..~lWibi'til;"t~'J;,~fj~'~'i'::;;:r.ltl;l'f.-JJ1;;I~~*,ir~'Mw:t;',(1.~,';ld&.JIil;;;j;t:.1J;~ijt;",U~;]~N<i~ll1.'BZ.;I~li-1t>f~~~!f.~]i~![~~&t.'$imt~'ttm~t~1.~MJi:k~~,2.1~"iJA i~L~~&t~~~a~_~r~Wi~~~~~~':"'1.11ii~\~'i:'.-~JtliE~!t:~~~~ifl..~~W~.r&i.Mt~illhi"~&'UiUU'~~k~~~h,(!fta;i;;~~~'~;1;J-i'i1i~z!;>~~~~~k..~~;..m;J,1\k{j~'f,il~~~' Statement of Income and Expenditures ~ Other ~.inanClng Sources Fiscal Year Project Area Name Izo08 ITown Center IfBavfront Proi.ect Area Capital Project Debt Service LowlMaderdte Special Funds Funds Income Housing Revenue/Other Total Proceeds af Long-Term Debt I I I ~O Proceeds of Refunding Bonds I- I L-.. J.o i Payment to Hefunded Bond Escrow Agent I I L ~O ! Advances from CIty/County I 195,6351 I L E~5,~35 Sale of Fixed Assets I l I I .$.0. I Miscellaneous Financing Sources (Uses) I -'1,560l L -1,733-1 I ... ($3.g0eJ i Operating Transfers In I I I L $0 Tax Increment Transfers In I 1,031.174l I .. F.031 ,174 ! Operating Transfers Out c:: I I ..$0 ,,,. i Tax Increment Transfers Out I 1,031,1741 I I $1,031,174 .p. I (Xl CD (To tile Low and Moderate Income J/ousing Fund) Total Other Flnallcing Sources (Uses) I ($1.0Cj2.!34) J J195,~..3~ J. ..... J1,029,~1_U_H H__~O_ i J192,342. . Statemenl of Income and Expenditures - Other Financing Sources ..::page 1':'- 12/24/2008 mf~iiJfl'!'l:~,~p1J\f:~~~~[~imt-l~~lt\;~~I,.V,.jftlt;'~b')!~,~\-~~1r~~~~~'" ~\~[f:ftl~~lfFl"iV~1!Zt.'t~"IJ!lR~'M}W~Im'iW~-li'r;~\\~~~;\3m'rfr;;I' ') ~lw.mf;'W'~-J,'l~1ft'~~.. ~(~\f,)'~~~:@&li\~:\11~~11;~t.rt~;!f!i({~~~~i::'i\~~ 'J;:~I':',t.',)!hr,j.::"'~II~N','Ht'i!ivr;{~~, \~""',n":,!I.J!iJi!)l1_il,A"Jr':'J~t;'Ii1~~~iTl"l;,,;,"<\1~;-" '"m()j,J '!J:W}I'" "m' - - - ", '~il:'l='I") , "V (i) me",)' _ -, rn" "~I :i'l,t1i\) '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 81uJ other Financing Uses __:!.o__I...__I~~ ,4 ~7,}U6)_ 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 .I:l,B_4?,~3!J 13,6~(),q.ol J ___~.!I.9L,Q1~_J____ _~Q.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('I;&'A-,'~r!,n"t:,gr-i,;l,~!,~*,t-'i:':;~fiii.t~~l;lll\~~'~i'~('i~~I,(&,,;N'!i.'\11 \!\I~,h::R\'hR:"1/i'hl,~,1\i;i,\.\'i1;;i.ii';'''\';W'Y't',: "",'!'('\'~i;!';:":;"':I,\,",'''!','':n;JJ.''I''';''-\~'',"~",,"J'i,Rr~,?,t\!~:/-). {,,"'_),;!~""~""'~l:41N;', ,P~"~i",,"jii',11\~'~' ~.~,"ii'i.L.,}~~);"".d"?lA~IMMt;;3~j)ik ;1()""N,,~iI;!q;l,&t, "I,,',\:I>"j#~;!:>J, l'"_"",..__,,,.C<j.,,,,,. ",,,'e>,,,^,, ""kI.'"""""', "" '""J;l"~.,,,.'~I.,,~,,,,~,,".... , ,.'", ''''''"'~'''"'''''''''''''' ,km ."""",,,,,,."""m..,,,,~ ',--'H' ;,.",,,-,,,,,,,~,,':"",,,'I!"""~w. ,'(,i""",,,,_, ,"""..,.""~"",~,,,, .....w;;I."", ""~~."""".I.....,.,",,;",,. ;,,,"" ,,,~'._I""".'J>lli~~'''''''''..,.,,,,........,ll;il.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 t- . $.2:J~,.327 I Sale of Fixed Assets I 1 1 I u___ _.l~ -/>0 Miscellanoous Financing Sources (Uses) I -1,060,flo21 I I _ (~1,O[)O.[)32) I , I CD Operating Transfers III 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 $1.727.492 ::~ :,. I"~ ~' .i" "'-' i~:: .,,: k ," !i": I;; '. il:: ,;,. ':, i(;; (To tile Low and Moderate Income /-lousing Fund) Total Other Flnanclng Sources (Uses) I. . (~4,?~O,~ID) J. ....J1.,72~,.9.'}1 JJ,!P,4~2 J . .....$."..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'lY" 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 1_,__,_,J~J,29LL_____E16,,"-~!LJ,_, _HJPL~~-"-"L__,__,,_.!o_J, ,,~-"-.~,~O.6,4~J Other Financing Sourcas over Expemlitures and Other FInancing Use~ ;i~ " ':. " I':: " Equity, Beginning of Period L .._J?,iEiL-'l~~.. L_,(g~23c5:J.1!),L____~J:l2..~..L -~--,_!Q.J,__j~,:1~J.':1~~.J I I !,.: .p. I CD N Pdor Period Adjustments .-: ,-: Residual Equlty Transfers ,', :: Equily, End of Period L$~,iGi,~?,6__L ,__jg?07.2Z.uU__,~~,46~,fJ,:J~__L,,__._____,IOJ. ,.$,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,'99,99i .....J315,m. 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'i\"'''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, !li1,"1'.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 ....l~... ..$0 ~O .~On b' ..~~L..~ ,$0 , ,,$Q.. " :;'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,._ 4,9Ti,396I 1,816\ '~'f~WWi;:Pii%1KJ';tF~);'i~_;;jt\NFjl 9,916,270 I Total $9,053,883 . i $1,816 I 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 I .!-; ~19_,q~i,41_? t . E6,978,3DI J JQ I. m,3q1,206 I . $9,928,269 r ,$",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 "I $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 6,432,312 J 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}':':~',(', I $g,928,269 . 130,B31,10Q . . . $.113,094.,42.2 . J ..113,g17,380 J..$213,978,}9IJ.. $"- J .. . $72,3.01,?06 . _la,92a,26g1 .. t'.3.1,m,.6138 .1 Balance Sheet - Liabllities and Other Credits Page 2: .. 12/24/2008 .j>. I <D -.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;: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..._~10,'l7,5,s.5.1 L $3,3'18,079 1 $DJ. ...........J.O...J.... .E3.7~3,330 .J Special Supplemental Subvention I _, ~9___1 .._"."--,_.~-Q---.~i-~ ..,~g.~..~_.,_.".~.,.~"_._____~___~9___.~__,__._" ____~g. .! Proparly Assessments I.. ...$.0.1.....$9. L... .$9. J................$"...I.$9.. Sales and Us. Tax I.. .$.0. 1............$9... L.. .................J9...1. __$0.-'.. $0 Tra"si.nt Occupancy Tax L... ,..$0.1... $0. J. ..JO J . .$.0 J. $0. I Intorost Income !. .$381,5.2~ L $269,203 L . ..$.'l.8.~,Qf2..J_...._.${)..L. _n 132,751 I Rentnllncome L .$9. !JO..l... ..g9.,~6~...1 _.$0.1.. __EO,BGG I Leas. In coma L_ ~O ~ JD. L .....$9..J ......Jo..L $0 Sale of Real Estate I.. .... . JDJ .. $". I. ..:. . .$4.1,604 .1 ..$0. . t... $41,6.04 I Gain On Land Held for Resale r .. ....$.0. .1.. j ~ $0. ..Jot ..$o...J $0 Federal Grants I $01 ..__..__$0...1.. ____ .~o...L. .....$0...1 $0 Grants from Other Agencies i...... ...$[)..!. . .$()--I......._$o.__L._..._. ... $9..J.... . .. ..$0 Bond Administrative Fees l.... .m._._~9.L. ..~o.J....._._._...~9.....L...-....--.~.Q..L ...~9.. Other Revenues ~ E9~,17.1J. E,.Q6'l. L .E4!,43.6...L._ .. .$o...J..$941,27.1: Tolal Revenues l....JH,.6'lB,~44J. g~~4,9.4.QJ ..$.~.Q~,~3?..1 . ..~9.J ..H5,9?9,822i Revenues - Consolidated Page 1 12/2412008. '.~ ::i n .. l~\ if j., v (. i i', i.; , , :.., i:' I': \: " j ;" ::; t' .. Ii: , ["' r' i:, , 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 .,,- $2,620,651 J Professional Services I ' J44g,2~Q J PlannIng, Survey, cUld Design L ,0 ~, Real Estate Purchases I "w,O J AcquIsition Expense L n,.$,O ~ Operatlon ot AcquJrod Property I ,oJ -l>> RelocatIon Costs ~ ,0 J I w Relocation Payments i " ,,' $409,066.1" W Slle Clearance Costs t ....$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 n'O J ,,$0 J $01 $oJ ,,$D, I $0 I , ,..$0,1 Page 1 .$630,m_L ,$() J$3,251,413 ,_$6M22.L__ _,_ .$(j1.$5;5,700; __$0.1 _ ~o J $0 .$0 .J ..$0. 1.$0 ..$0 L _,~oj.. .~O ..$5,683 J ' _$0,..1.. $5,6~3 ,$OL.$O I, $01 _ $oj_~ol J409,0661 .$DJ,.~ol ..$0: ...~5"02~,16~... J . ... ....,$Q I.... ~5,I~O,5BB. n I j: I ): f' I' i: ;: , ! ~o.J. .$01- ..$0 I ~g I $0 $0 , i I k !' 12124/Z00e 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 .j>. I ~ 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 eO! Jot e.D ~O ~o 1 " J;: r: " (: L . .~._.J9_~. eo_l Jo_L ..19 I L $0 I w L ...... ......I81,878...1 _eo I t $0 i gm,597 J $0.1 .J.Q...! r IO.. L $0 J -- ,oJ $O_J ~ ,J.D,.J IO I Iol .$0.1. .$9 i ... ._.,,$~.1:U.76 .1 g43!,BQ7 19 $0 n i:, ~. ie3,21Q,182 . __,0 J t _10,.1 $01. $0,1 $01 . ..... .... _Jo_L $.0 .1 _.19..1 . g2!0,1B2 I ..19 ! $O~ ._ __J1,090,QOO_J.. ..$0 I $9L__. .. _$0_ L .JQJ.__ ..$0...1. _~_1..,_Q_~Q,.q99 ,,1 $0 ! " .$9 I. . $9 J eOL.lo,1 $0 I __$01$150,001.1 .........$9__J.e9L .$150,001 .1 $6.7ggoB .~ .... $4,60B,5~n I ..$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 -1>0 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 $01 ..n!9J .......loL .0 I . .... ....$Dl ..(~I.7mf 1'0 J Special Revenue/Other FUllds Total ,-;< ..$.0 i $0 L ,.0 J I:, I': $0 $0 $0 .1 i: "I" f ii I':: I' i': ...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.. '. ....$1,~92,506 Other Financing Sources (Uses) - Consolldaled Pago 1 ._.10J.m .m($~34,163) .1 12/24/2008 .' '.I 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$9,3~?,954) N j L J.. t J Residual Equity Transfers m..JO w$O .'m ........JfJ. .....~O $0 other (ExplaIn) j ...$o.J ,$0 I $9J .10 L ~O i l , I $JO,17~,3BeJ JOm , Equity, End ofPedod $9.efJ6,~ge..i.. ~_~!1?}1~~1_ .. $22,902,537 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 .j>. I ~ o w "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 I I I r== I 10 I l:=J 10 J I.lorry ~ [iCJ ] [.IOI1I1_:J D II 10 II 10 II 10 ~I 10 II 10 J [c::l1e,yl IIRudy I [Steve .t> I ~ 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 [Edid r==J 11201 Dove Street, Suite 680 !Newport .Beach ~ [ 92660- 1(949) 221-0025 J 12/24/2008 v: .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 I I L- I L ~.. I I I I- I .j:> I 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 \tLe 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 en 01 oj Types Completed I A=Utillt]es B=Recreation C:::Landscaping D=Sewerl Storm E:::~lreetsl 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 $800,000 of streel improvements and (4) to prolJkle cashflow savings in the next 'five years. " , i; I,: i I:. 1:: Unfortunately, in the past yellr Chula Vista's and the nalion's economJc conditions worsened. During this reporting period, the Agency reviewed and/or approved projects and executed sevelal ENAs. GivBnlllB current cred[[ cdsis and low cOllsumer confidence, the Agoncy is currently experienclng a slow down and in .' ',.', ,,' .' :Acliie:~ein ~.Ii I ":1 i'ifo rJ~:atjon'::( (J i'{a'lidited) .12124/2008' ~'1;~~:::jW!;II~~,\~\~,,1~;r&w)nr~~~fIW!.t!fimWli!bWl,%\~l~nm}iW~'?f.W~~gI&WN1~Jf,;I\~UtJ8~l'!1:t":f~~;i!I.l.~~;I,jlWl.~:t~WI't;);~;'\'\~/~rc~'j)fiiWf)Y~WQ!:I~H;\!ri~lil;1;~ri)<~l;('.1)r~V~i;~t'{~~~.ill:X;l~Y'~\iiV"il&i~~1'~~\~~xtJlij~;\4JW~~#~i~i;,~1r~:&ifjJ!!ljl;aitfi[lf~W~j~~I'Ml~J\ttl1~~l:,\lW~~~t~!l1- (lMiL~;p-;'! f,~~1i;Ji.l1t9t~ll!f{~~t)'~~~~~4it'~1~~L~ll~lJ.~:,11.Lfl~~'o(itf.$.:~~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. .'-, " i~ ~,. ... I 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.~ !!( ~ o en 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"). ;::' ..: ,', " ~,' 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) I i Ie. ,. ,. i. {Y2'4/260B.' :'.:.,: ,~ i:, ;;: !i~_/~ilr~~-'~l1~€f?JfM~~~'~~;'fii.'~~t~~~~~'f~~;FI;!I~yji~~if1~l~fr>11ll~~';.'~I- _;::~~f,ffi~f~~g'_'~~i'~I~~r.~~~;~fl1tt'fi~.:~If~W~~flJl,~1*'l~l.ija 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(])" ',< 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. .j:> I 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. ~:( \;. , ~ 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_.. _.._...___ __ _ ._._________..._.._.._ ....__"_.~_....______._~.___ r o -.J ": Achievement Information (Unaudited) ...1212412008.: :i. ;;: ;: 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 .j:> I 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 [ I .~ :: 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,!J22J I 1,523,780,8751 ~; ! Frozen Rase Assessed Valuation Tolal Assessed Valuation ! ~ : I;: .p. I ~ ~ :< i:i L ~ N '"', i' , i:: I F 1" !:: ,:: !' 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 @9S ~ .:;: "',, ::'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-' 705,0371 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(]0.2~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' .po I ~ ~ (J1 ::~'i l::: It !':;' i:: Fiscal Year Project Area Name 200S -,;" Tax Allocation Bond Debt I I r 992,210 I C-5:21S,1S0 I l 16 197:1271 CJ"S,7D3:6011 I _ $8D,~S~,"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 ,;' ,- ;:.: I',' -I I fc';' ::" '....,.. I,' ',:: ':', >': Fiscal Year 2008 Project Area Name en Net Tax Increment Requirements L_""i02,993 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!"..lllli!Yfront Project Area :=J FO/ward from Prior Year ~ Principal Amount Unmatured End of Fiscal Year ~CounlY Debt I ~ C 4,S~ 1 4,888,9051 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,BD!,334J C___~ [ 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 AmQunt 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: Interssl lfl Default U ~. Bond Types Allowed: " Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Aulhorily 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 .=:J 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 I' ] L, L l I C---50,4BO] I ==:J I L I 20061 586,83~ -l'> 1 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 -.-J 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 '121241200B "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 -"" 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;,!..",I]l,,,;;~'~""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-""=''',~,""~,, ..,.... .""",."" . "',,"" . .~ .,-.... 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~~fJl';~"\,,,!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 Yoar 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, _,I L I I I I I 1_. __ __!'~~~.~!.~.~~Y5!.__ I I -l:> I ~ Principal Amolll1t Unmatured 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 DUfirlU 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~rTfi ': 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 .po 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 .po 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:> I 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\lem.lO 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,O~ 1_-,5,384,0001 [Construction of Heritage Town Center ~partments 200s] 20~ 14679,000 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> 1 . Malulily Date BegInning Year . Maturity Dale Ending Yeur 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:/J4I.!j~ ~~;(;j~~ ~;\t~f~ ~~,i"i;:J-~ '}/'"ti~J;,W~~~ ;eu eve 0 ' n:ent?~(, cocles ' ,: : a'IlCI1 I r ,n 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:> I ~ 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 $1,66Q,OOO.. I I J j Bond Types AlJowed~ Mortgage Revenue: -Imlustrial Development; COnll[18rcial Revenue Bond; Certificate of P8Iticipation Non~Ageflcy'L6rlg;.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" 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 -Po I Maturity Dale Ending Vear 1 20521 ~ W Principal Amount Unmatured Beginning of Fiscal Year I I -Po ___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$3,25! ,g18 J ~~\~~~~1!~,_~___ .,..~~_~H?..!~.! I I r' l 110,1J1j r -.L I L I I ===r= 4,4131 ' ",,$~,117,6.0L! I I I I 482,0261,~1 20'B66~C-=:J '1: 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 ..J1nrn $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 159:0921 I I I ,I 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, $9,874,371'1 '$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 ~lJ2enter 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 ~. ["- -r I -I- I I [-- I L.::::._~~ 1-' C 4,15z:r= I-----r I L_______L 845,7851 229..1061- [' 8,014"1---' -.J",11,4Z6,517 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 I $4.09,066 Projecllrnprovemenll Construction Costs [-- Disposal Costs Loss on Disposition of Lalld Held for Rosale $0 $0 Page'-1. Slatementof'lncome am! ExpendItures ~ Expsndltl.Jfes 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:> 1 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-n I I 1 I I '-I 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 -I 685,000 1 --I 1$0 I $1,186,254 1_______1 1-' _ $?,~~~9,Qq . $0 g?Oo,??4.L, ._'!M!()L1JLL _" ($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 ,I JoJ__$1(),9,I3I3",009, J ,.~9_1_, .($~&?13,94,!l) ,I P~ge2.' , J 2/2412008 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-- 220,1S4 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 r'n, -, $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_pe.- r1'ct'rhl.:~~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 .....J'O. , 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 .j>. I ~ .j>. 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 ~ L ~405,OOO c= I- 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 ~ 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 ($455,1]9LI.. ..$1E,612I. .1$4,Q9.4,739)J ...JR.I .. ....1$1,137,305) Eql!ity, Begillning of Period $4,29z.716J..J3,?1B,24~ J I I ...m,1.68,23BJ .9,365,9541 .$QI I L . m,D.81,2031 ($~':J65,954) $0 ! +> I Prior PerioeJ Adjustments L r----l 1- I ~ Residual Equity Transfers +> N Equity, End of PerIod L' ..gS4?,537 ..L... P'.630,OS1 I .$4,707,545-1 .,$R 1.$12,180,943 , S(alernelllbf Incomf.1' and Expenditures '~'bllierF!nanclng' Sources 12/24/2008 -/>0 1 ~ -/>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 -~, L L ~. r-- ~... -~_! I _J I [ I' 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 .~ ....1ot 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 ..n,27,49.~ L .. .Jo_J....g~40.B~9 ..1 ;,,: 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,?B1..?~? .I '!': ~ Residual Equity Transfers ..,. ..,. Equity, End of Period ~. .$5,iB4,3?BL .1$2.20,,2Z.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_ $85,724 28,295 [ 5,091,746L:: J C I I I- I 15.G76 I 4\,7531 20,623,870 I I ---'I I I I I I I 1 .....J 1 1 I !'iji~~j~~1.m~~:!:~W{(0!!;I,r~J~~~tl:;l:~'@lW:@;'liY~?'ifi:\J, .~~ Ijm~~;~W;m~W:EiI,\;\iW1W;W:Z15;t -~'iJ\rriPliffi(;j:Kr~iJ'~!m!K~'iji:hill ,. _ Dl;W;X~t~~f!~%~Jr\}:N~;}_" ~:\:!If::1~fit,(~::~1:~~m2i_,_ 1~0,YRI\I~~:j,i,fiimg\%~itWJJ~l!,*~~~Ih::~r{X\Rlj~~__ l,l:~;Br;~f~i!,{;~+W;)9;~~Ej;~r~~;7:i,\j ~t~t:!i;W@r~i}]!At;'_!ij:I\!i:zfWf~JQi\:::::~:~~li':"'f:WN;:>~:]J. 1$!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 . ~O " :': ::,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,3~1, 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-- 8/,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 8,053,72~ 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-[ ($5,01,.084) .p. I ~ Total Equities 19.306,BG!l _$J,~23.~~! .l ._ .1'0, In!"!. I .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 $.W,9J8,3_~ 1 L .101 E2..~_ql.?g6 I ~_~l~?~,2?? .~ ..~1}1)~~.~"GQ~ u Balance Sheet - liabilities and Other Credits Page 2 ." 12/24/2008 li~]Wr~~Q~ili:W:,jllWfl~:~;!~1~a~(~jJ~!XMN&jltE~~~:}Jj~;~Y~\i~'W0:rfile~flnIH~~\7:lff[!)I'~~{li.~~ya'1!~1~\fn~~'ffi'~1}{pg~~\~M1~~~{~~1!\fjIMl);f~'~1~~,:i~f~~~~i~~Kll1;~~!II.~~1:k1it~i t~;f:j~B~'.h1:1~\~j~~~~~~~i~1&lWi~~~\~~tl?&~'Wlt~1~~~f~i~~~\~~~~~~1~1~:m:itrt!rlVX};).&j~t81~1'~B~'~~\~tlt~{~ 11ili1~:\~~~"lmil'{Ffi,git1,tW!{iW,j'i))W\~)!~'~'0t~Wt:fi!iil~i1i~\1~\WI"e\1t~h':l!MW,"t1;jt(~1i1i.~.iiir\~1:i,~',>>'n~'B\1f,~Xl}erffit'fl;i~.Yf-;'1'i1').I\~i(tMI'jliQ,:..'\~R~l~!:EllrtW~2:l:~t~!J~'\tl\!J'Hli{~'&1J1!;m~(t~jjj:It1l~~ii\~(~W;~~Wf,~ili!i~({!~~P\f'~swm)(i\&I;:'~4{J:~W:;'!E~! ")WQ'i,,:( >'::,\'\::lii,1i::i,j.JI~/I;i<<t,~~,\~djii)i:~~Ji'~ii!L'I;\eUev:eO'p' ~en 'Yl;'\cg eucles r,\jHka nCla ,1J,\t~I:.c:I JilS'aO:~I" ,$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 ~... $0 .~ .....lQ. t.,--... ,.1ig J..,. .__" ~IJ..;.J..,,,_.,_.. .___JQ Proporty Assessment.s I . .~oJ.. ". ..JO, .1 .... """. ..... ..~P .1.-_".. "._,,~9.J ",$,0 Sales and Use Tax L~,O. J . JO J " ... ... n_ .~O .L.-_ .._-,,-oj. 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,566. Lease Income I ...... ~o.~ ........., ~OJ . ........,,~O.J. "..~9.L $0. Sale 01 Real Estate L .$0. L... . SOL HJ41,6.o4J,,~0..J~41,604 Gain on Land Held for Resale I ~o I .. ~oJ......$O J~O"L$O,i Federal Grants I .JO J ._...J.LL._....""$(ll.....,,...._.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' '" !':[ 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 t. 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 .. $e,251,413 ..$66,6."21._. .. . . .$0 J $525,'/00 ..lil.J .. $0 J $0 10J. .lo.J $o.! . _15J . ....10_1.. $0 ..$5,683 J _. .....,101..15,6"3. .., ,~.o IIQ L $0 m~oJ uloJ.. $409,066 ~gJm_.~gJ~o: 15"926,1.~9 L ,Jg/ ~?,13Q,5BB 1.0 .. L. ..... .~O I $0 10C ulQ , $0 I I:: j I; F 12/24/2008 City Of Chula Vista Redevelopment Agency Redevelopment Agencies Financial Transactions Report Statement of Income and Expenditures ExpcneJiturcs - Consolidated Fiscal Year 2008 Capital Projects Dellt Sarvico Low/MoueralH Special FUlllls Funds fncorllu Hal/sino RevcrJuefOthor Funds FUlHls A B C 0 Total E Decline in ValuE! (Jf Land HehJ for Resale L ~o.J ~9C' ._.$O_L. $0 $0 Rehallilitation Costs . ._..~o_L... J()..I._......_._IO_.L._.. ....JQ..J ..J.o..i .. .$QJ, . $.o_I......$_01,876J_. . _. ..$9,J$81,878 ._..J5'_l__.$},i3.7)!.Q!J. _. ..__...c_._$_LL_ $5'.-1.... .$~,~}!,O.O!. .1 .......1DJ $Qj ..........__Joj.__.$o.J .$91 .-JoJ.$QL___.._w.L___..JU $9 I Rehal.lllllatloll Grants L t t L 1- Interest Expanso -I> I ~ Fixed Asset AcqulslllollS Subslulcs to Low and Moderate lllcums Housing Fund U1 N Deullssu<illce Costs L........$O I. ~ .. $~,?1.9c.1"-2 L.. .._..._JO....L __._JlJ.J__ .__..$O.L $0 .J.O...l _. ..___.lO._ L--..__._$.(] J .. ..$:3,?10,182 Other Expenditures hu:;ludinlJ Pass Tllruugll Paymelll{s) DelJt Principal Payments: Tax Allocation Bonds and Noles ..__..1.0_. 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,Q90-.o9.o.-' L.~oJ ..____eO_ ml.__.._.m_._~Q_j_._.$I,Q9D~O(]lJ.. m$gJu.~O.J $9 .--..-$u u$lJJ J~,Ql0.,11.?1 ...~Q-J . ....i$E,13'L1J[)L'_______...lQ~.I.. ----..$(].,L_ ..._.JIl...Lm ..$O..i __.~1?o,OOI . i .. .~l!L?n~_~,1..0.. .m. ($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 ...fO , _fiLl fOL DuM Servico FUl1lh.. .J.O.. 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.J .'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. .$9 Tax 11H:rement Traruifers In ;',If:i;fln(";'N;'i;'%fl:'II',I"ifjiWW,Li'[:!P}fc!'I;J\;':~i;:n;~::'::;i\~r\:J::\l{~Vi.i;l(~II~I"'*'J "<';"""'1 E~,'.>' "'Ii'" j'.~ \iil'll~" [; '-I~'J I H'1i'iM;tiiil;!';~ '~\'ii'.~jlllll:W:;\'!!,i~4lV~~~d~!~&l~t~~~$j;~~,W,\'diU~ nu ._.,.~.~~.??i3~.?~_~Jtiilir)..;~&ii~i;~yl~J'l;,U;~?M~w~' ..__...~~~z.~~&q~..1 Operating Transfers Out I. .$J,~92,~B6_ J I $2,751\,660 ~. __.$0. . .........__..lQ_J.... __.J9.J.$I.,4~2,50~, 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- 5'10 .,~ F'ayu 1 FI56,g33 I..... _._$0. .... ..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. .~n.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 (Physical) Count 7 7 I 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 this 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 Indusionary 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 Indusionary Obligation Accrued this year for Units (line 8 x 15%) 6 10. Subtotal of Inclusiooary Obligation Accrued this year for Very Low income Units (line 9 x 40%) I 2 PART Iii . TOTALS 11. Total Increase in Indusionary Obligations 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