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HomeMy WebLinkAboutRDA Reso 2009-2014RDA RESOLUTION NO . 2009-2014 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA ADOPTING A FIVE YEAR IMPLEMENTATION PLAN FOR THE MERGED BA YFRONT/TOWN CENTRE I REDEVELOPMENT PROJECT AREA (INCLUDING BA YFRONT AND TOWN CENTRE I) FOR THE 2010-2014 PERIOD WHEREAS , Section 33490 of the California Community Redeve lopm ent Law (Health and Safety Code §33000 , et seq.) requires that redevelopment agencies prepare and adopt , after a public hearing , an implementation plan for adopted redevelopment project areas every five years; and WHEREAS , Section 33490 of the Health and Safety Code provides that the implementation plan shall contain the specific goals and objectives of the agency for the adopted project areas , the specific programs , including potential projects , and estimated expenditures proposed to be made during the next five years, and an explanation of how the goals and objectives, programs , and expenditures wi ll eliminate blight within the project area and implement the Agency's housing requirements contained in Health and Safety Code Section 33333.10, if applicable, and Sections 33334.2 , 33334.4 , 33334.6, and 33413; and ) WHEREAS , the Agency previously adopted initial Five Year Implementation Plans for the Town Centre I and Bayfront Redevelopment Project Areas on December 13 , 1994 , and subsequent Five Year Implementation Plans for those project areas on November 10, 1999; and WHEREAS , a portion of the Housing Fund will be spent on administration. Housing Fund expenditures for planning and administration are necessary for the production, improvement or preservation of affordable housing; and WHEREAS , the Agency 's affordable housing production requirement will be met in the aggregate among all project areas. All project areas are located in western Chu la Vista and have similar demographics. Therefore , aggregation will not cause or ex acerbate racial, ethnic or economic segregation in any one project area; and WHEREAS , notice of a public hearing to consider adoption of the Five Year Implementation Plan was published , mailed , and posted pursuant to Section 33490(d) of the Health and Safety Code and Section 6063 of the Government Code; and WHEREAS , in accordance with Section 33490(a)(l)(A) of the Health and Safety Code, the Board of Directors of the Chu la Vista Redevelopment Agency held a public hearing on December 15, 2009, to hear public te stimony and consider adoption of the Five Year Implementation; and RDA Resolution No. 2009-2014 Page 2 WHEREAS, in accordance with Section 33490(a)(l)(B) of the Health and Safety Code, the adoption of an implementation plan does not constitute an approval of any specific program, project, or expenditure, and does not constitute a project within the meaning of the California Environmental Quality Act (Public Resources Code §21000, et seq.) (CEQA), and is therefore statutorily exempt from the CEQA pursuant to Section 15061(b)(l) of the State CEQA Guidelines. NOW , THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of Chula Vista does hereby adopt the Five Year Implementation Plan for the Merged Bayfront/Town Centre I Redevelopment Project Area (including Bayfront and Town Centre I) for the 2010-2014 period (attached as Exhibit A), in accordance with Section 33490 of the California Health and Safety Code. BE IT FURTHER RESOLVED that the Redevelopment Agency of the City of Chula Vista added one project to the Five Year Implementation Plan Work Program for the Merged Bayfront/Town Centre I Redevelopment Project Area. That project is to pursue the development of the former Vogue Theatre site. Presented by Approved as to form by Dep ger/ Direct velopment Services ) ) RDA Resolution No. 2009-2014 Page 3 PASSED, APPROVED, and ADOPTED by the Redevelopment Agency of the City of Chula Vista, California, this 15th day of December 2009, by the following vote: AYES: Agency Members: Bensoussan, Ramirez, Thompson and Cox NAYS: Agency Members: None ABSENT: Agency Members: None ABSTAIN: Agency Members: Castaneda ATTEST: E;ic Crockett, Secretary ST ATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA ) ) ) Cheryle~ I, Eric Crockett, Secretary of the Chula Vista Redevelopment Agency, do hereby certify that the foregoing RDA Resolution No. 2009-2014 was duly passed, approved, and adopted by the Redevelopment Agency at a regular meeting held on the 15th day of December 2009. Executed this 15th day of December 2009. EricCrockett, Secretary ) EXHIBIT A RDA Resolution No. 2009-2014 FIVE YEAR IMPLEMENTATION PLAN CHULA VISTA REDEVELOPMENT AGENCY 2010 to 2014 -------Page-4 -; -/ _J .r:..~~, ' =-' ~-;: ·"',::-{ ,,.--:,;.. ·c RDA Resolution No. 2009-2014 Page 5 CHULA VISTA REDEVELOPMENT AGENCY Five Year Impl ementation Plan 2010 to 2014 This page is intentionally blank . ) Our Mission is ... RDA Resolution No. 2009-2014 Page 6 "To enhance urban Chula Vista through collaborative partnerships that realize the ph~sical and economic potential ot the communit~." -Chula Vista Redevelopment Agenc~ RDA Resolution No. 2009-2014 Page 7 CHULA VISTA REDEVELOPMENT AGENCY Five Year Implementation Plan 2010 to 2014 I. INTRODUCTION ...................................................................................................................... 2 LEGAL AUTHORITY .................................................................................................................................. 2 PURPOSE AND INTENT ............................................................................................................................ 3 ORGANIZATION ...................................................................................................................................... 3 II. BACKGROUND ....................................................................................................................... 4 CHULA VISTA'S LIFE CYCLE .................................................................................................................... .4 THE ROLE OF REDEVELOPMENT ............................................................................................................. 5 ABOUT THE PROJECT AREAS ................................................................................................................... 7 THE GOALS OF REDEVELOPMENT .......................................................................................................... 9 Ill. STRATEGIC PLANNING ....................................................................................................... 10 STRATEGIC FOCUS ................................................................................................................................. 10 GUIDING PRINCIPLES OF REDEVELOPMENT ........................................................................................ 10 IV. FIVE YEAR WORK PROGRAM .............................................................................................. 12 STRATEGIC OBJECTIVES ......................................................................................................................... 12 REDEVELOPMENT WORK PROGRAM .................................................................................................... 12 HOUSING WORK PROGRAM ................................................................................................................ 16 APPENDIX A: TERMINOLOGY .................................................................................................................................. 18 APPENDIX B: REDEVELOPMENT WORK PROGRAMS (2010-2014) .......................................................................... 21 APPENDIX C: HOUSING COMPLIANCE ................................................................................................................... 28 APPENDIX D: REDEVELOPMENT PROJECT AREAS .................................................................................................... 37 APPENDIX E: REDEVELOPMENT REVENUES (2010-2 014) ....................................................................................... .45 APPENDIX F: 2005-2009 ACCOMPLISHMENTS ........................................................................................................ 47 Page i ) t INTRODUCTION RDA Resolution No. 2009-2014 Page 8 Every five years, redevelopment agencies are required to adopt implementation plans to establish strategic and programmatic work plans for carrying out their activities. These plans embody and carry out the mission, goals, and objectives of the agencies within their adopted redevelopment project areas. The Chula Vista Redevelopment Agency has two project areas that comprise six underlying project areas: ¢ Bayfront/Town Centre I Project Area o Bayfront o Town Centre I ¢ Merged Project Area o Town Centre 11 o Southwest o Otay Valley o Added Area This Five Year Implementation Plan covers the five-year period from 2010 to 2014 and continues the strategy introduced in the 2005-2009 Implementation Plan of consolidating all of the Agency's existing implementation plans into a single, cohesive document. LEGAL AUTHORITY In 1993, the Legislature passed AB 1290 (Chapter 942, Statutes of 1993), which enacted the California Community Redevelopment Law Reform Act and made sweeping changes to state redevelopment law (Health and Safety Code §§33000 et seq.) in a major effort to increase both the effectiveness and accountability of redevelopment agencies. One notable statutory change was the addition of Article 16.5 (§§33490 et seq.) to the law, which required redevelopment agencies to adopt five year implementation plans for all adopted project areas on or before December 31, 1994, and every five years thereafter . Health and Safety Code Section 33490(a) requires that these implementation plans contain: ¢ The Agency's goals and objectives, programs, and projects within the project area for the next five years, including estimated expenditures. ¢ An explanation of how the goals and objectives, programs, projects, and expenditures will eliminate blight and promote affordable housing within the project area. ¢ A specific section that addresses the Agency's housing responsibilities, including the Agency's Low and Moderate Income Housing Fund (tax increment "20% set-aside") and the Agency's requirements for replacement and inclusionary housing. Aside from these requirements, the law provides flexibility for the Agency to locally determine how to best organize and format the contents of the plans. The Chula Vista Redevelopment Agency has used that flexibility to craft a cohesive and comprehensive document that will serve as the Agency's redevelopment "strategic plan" for the next five years. Midterm Review Health and Safety Code Section 33490(c) requires redevelopment agencies, during the third year of the implementation plan, to hold a public hearing and conduct a midterm review of the progress made within the project area. A midterm review of this implementation plan will be conducted during 2012 with special attention paid to the five-year work program found in Appendix B. Page 2 RDA Resolution No. 2009-2014 Page 9 PURPOSE AND INTENT The Agency's purpose and intent in this Five Year Implementation Plan are to: ¢ Provid e decision-makers and the public a clear, readable, and user-friendly document that effectively communicates the City's vision, goals and objectives, and programs for redevelopment. ¢ Establish five-yea r strategic objectives and work programs that are measurable, quantifiable, and trackable and promote the long-te rm effectiveness and financial viability of the Agency. ¢ Present information about the Redevelopment Agency in an educational and informative manner. ¢ Implement the redevelopment goals of the Agency as set forth in the Agency's adopted Redevelopment Plans. ORGANIZATION This Five Year Implementation Plan is the strategic plan that supports a uniform vision for redevelopment. The first section of this plan provides a comprehensive and historical discussion of redevelopment in Chula Vista and the role of the Agency in the City's current revitalization efforts, including: ¢ A historical overview of Chula Vista's life cycle ¢ A discussion of the role of redevelopment and the private market ¢ A description of the redevelopment project areas and a summary of the Agency's adopted goals The rest of the plan provides the Agency's strategic focus for the next five years, including Guiding Principles of Redevelopment and work programs by project areas. Each work program outlines key strategic objectives that will be critical to successful redevelopment in each focus area, including: ¢ The adoption of local land use plans and redevelopment policies to guide and establish a vision for all future redevelopment activities and projects. c> The financing and planning of key infrastructure improvements and public amenities within the project areas. ¢ The facilitation of key catalyst projects consistent with local plans and policies to generate tax increment revenues for public improvements and affordable housing . ¢ The financing and creation of affordable housing through the Agency's statu tory requirements and local housing initiatives. Page 3 ) RDA Resolution No. 2009-2014 Page 10 On November 1 7, 2004, the Chula Vista City Council and Planning Commission held a joint workshop on the City's various planning efforts for the revitalization and redevelopment of Chula Vista's Urban Core. The workshop included a comprehensive presentation on the General Plan Update, Urban Core Specific Plan, and the role of redevelopment in the revitalization efforts for western Chula Vista. The centra l theme of the workshop was the concept of "The Life Cycle of a Community," as depicted in the illustrative model on the right, which takes a city through four distinct stages of evo lution -Emerging, The Life Cycle of a Community Stability Growth Renew Investment MATURING ~(~ ---&A OIYClf o«JIAVSA ,.t, .. Risk-aversion Contraction Instability De-investment Thriving, Maturing, Declining -before the cycle leads back to the re -emergence of the city through careful reflection, re-evaluation, repurposing, and re-planning . Below is a brief narrative of Chula Vista's own life cycle to date, which provides important context for this Five Year Impl ementation Plan . CHULA VISTA'S LIFE CYCLE Once the largest lemon growing center in the world, Chula Vista has rapidly grown, developed, and expanded to become one of the nation's fastest growing cities. Initially incorporated in 1911, much of the City's historical growth and development traces back to World War II and the relocation of Rohr Aircraft Corporat ion to Chula Vista in ear ly 1941 . The presence of Rohr and the post- WWII boom brought extraord inar y population growth to Chula Vista, along with the demand for housing, roads, schoo ls, public services, and retail services (e.g., shops, restaurants , markets, banks, etc.). With an established but growing population and employment base, Chula Vista's urban core and business economy thrived with commercia l activity and spawned 1 additiona l housing opportunities for newcomers . As the size and needs of the community continued to grow, local downtown businesses flourished and additional community amenities were created in response to the increasing service and governance demands of local citizens. Page 4 RDA Resolution No. 2009-2014 Page 11 Over the next several decades, California's continued rate of population growth and housing production, coupled with Chula Vista's regional and waterfront location between the Mexican border and downtown San Diego, spurred the City's outward expansion and development to the east (east of lnterstate-805). Now home to nearly a quarter-million residents, Chula Vista is the second largest city in San Diego County. As the City has continued to expand outward, and eastern Chula Vista has begun to thrive and mature during the past 15 years, western Chula Vista has experienced a decline in commercial activity and community reinvestment as residents have sought business and retail services elsewhere, including eastern Chula Vista, downtown San Diego, and Mission Valley. The decline in private investment in the urban core has led toward decreased small business retention and attraction, reduced private investment, and a loss of external confidence in the area's housing market. It has also led to the ongoing physical deterioration of some of the City's housing stock, shrinking tax revenues to the City, and a greater need for infrastructure improvements. To evolve past western Chula Vista's cycle of decline, and create a path toward the reemergence of a thriving economy and housing market, the City Council created a vision for the revitalization of the City's downtown urban core through the City's General Plan Update (adopted on December 13, 2005) and the Urban Core Specific Plan (adopted on April 26, 2007). THE ROLE OF REDEVELOPMENT The establishment of a planning and regulatory framework for the City is not the only vital ingredient that will allow a new vision for Chula Vista to unfold. Changes to the General Plan and Zoning Code do not mandate that the area must change but instead means it can change in a well thought-out, logical manner . Urban change and revitalization contain a myriad of "risk variables" that influence market forces and market confidence (or inversely, market risk), including: ¢ Local demographics ¢ Existing housing types and prices ¢ Ability of the market to absorb new units ¢ Development costs (e.g ., construction costs, fees) ¢ Interest rates ¢ Ability of the existing housing market to support various product types and pricing Redevelopment plays an important role in urban revitalization through the tools it can employ to directly influence the private market, reduce risk, and create market confidence. Redevelopment can facilitate new development that might not normally occur under existing market conditions by using its tools to help address the risk variables described above. The tools and requirements of the Redevelopment Agency include (see Appendix A for definitions of terminology): ¢ Tax increment financing to fund public improvements and provide financial assistance to qualifying developers for qualifying projects in the form of gap financing ¢ Required 20 percent monetary set-aside of all tax increment revenues for low-and moderate income housing ¢ 15 percent affordable housing production requirement Page 5 ) ¢ Land acquisition and parcel assemblage ¢ Relocation assistance and replacement housing RDA Resolution No. 2009-2014 Page 12 With these tools, redevelopment can act as a catalyst to "jumpstart" the revitalization process in conformance with the City 's land use plans . Once redevelopment efforts create enough market confidence, the private market can run its own course and le ad the City back toward a state of thriving through further risk-taking, renovation, and redevelopment. By law, however, redevelopment is limited on ly to areas of a city that are in a state of decline and are physically and economical ly blighted. Its direct influence on the private housing market is therefore limited to "project areas" adopted by the redevelopment agency . The following map depicts Chula Vista's redevelopment project areas in shaded zones. EGO 14• REDEVELOPMENT PROJECT AREAS □ PROJECT AREAS \ _____ ___,_,~ r--u ·. ir.-._-_-_r ----~---\~i Affordable Housing Through redevelopment tools, agencies also play a vital role in the funding and production of affordable housing. Within adopted project areas, redeve lopment agencies receive a higher level of property tax revenues that would normally be allocated to the state and other taxing entities. In exchange, the state requires that 20 percent of all of these "tax increment" revenues be set aside for the development of affordab le housing. To ensure that these monies are in fact used for the production of affordable housing, the state requires that 15 percent of all new residential units built in an adopted project area be restricted to households of very low, low, and moderate incomes . Next to the federal Page 6 RDA Resolution No. 2009-2014 Page 13 government, redevelopment is the largest provider of affordable housing for California's low and moderate income families . Later sections of this Plan will address the Agency's affordable housing priorities and obligations in much greater detail. Public Facilities and Infrastructure Improvements All tax increment monies generated in adopted redevelopment project areas are allocated among three basic public uses: (1) affordable housing, (2) schools and other public agencies, and (3) public improvements and other redevelopment activities. (The pie chart exhibit below provides an example of how $1 million of tax increment revenues would be allocated among the three uses.) One of the most important benefits of redevelopment is the ability to use tax increment funds to help pay for public improvements that would normally be paid for by the City's general fund . By relieving the City of those financial obligations, redevelopment frees up general fund dollars to help the City focus its resources on other key service and infrastructure priorities inside and outside of redevelopment project areas. The five year work program contained in this Plan recognizes the important role that redevelopment plays in funding public improvements and identifies key infrastructure projects that will be strategically critical to successful redevelopment in the project areas. $640,000 Public Improvements and Other Redevelopment ABOUT THE PROJECT AREAS $160,000 Schools and Other Public Agencies The Chula Vista Redevelopment Agency was created on October 24, 1972 by City Council Ordinance No. 1425. Since the Agency's creation, the City has adopted and amended six project areas to encompass a total of approximately 3,563 acres of City territory. Current land uses within these areas are mostly commercial and industrial, but also include residential (primarily high and medium-high density) and public uses (e.g., governmental administrative centers, corporation yards, streets, etc.). In 1979 and 2000, the City financially merged the various project areas into two primary configurations: (1) the Merged Bayfront/T own Centre I Redevelopment Project Area (1979) and (2) the Merged Chula Vista Redevelopment Project Area (2000). The merger of project areas allows the Agency to pool tax increment revenues generated in different project areas and leverage them appropriately to create benefit for the entire merged project area. The following provides a brief hi storical summary of the Agency's two merged project areas. For more detailed information about each project area, please refer to the Project Area Profiles in Appendix D. Page 7 r ) RDA Resolution No. 2009-2014 Page 14 Early Redevelopment Efforts: Merged Bayfront/T own Centre I Project Area Following its creation in 1972, the Agency's initial focus and resources were dedicated to the City's waterfront and the historic downtown Third Avenue business corridor . In 1974, the City adopted the Bayfront Original Project Area, which encompassed approximately 637 acres of territory east of the mean high tide line. Two years later, the City adopted the Town Centre I Project Area in 1976, encompassing approximately 138 acres of territory located along and around the downtown Third Avenue business corridor . In July 1979, the two project areas were consolidated into a single Merged Bayfront/Town Centre I Redevelopment Project Area. To help facilitate planning efforts along the waterfront, the City adopted the Bayfront Amended Project Area in 1998, adding approximately 398 acres of territory west of the mean high tide line to the Merged Bayfront/Town Centre I Project Area. Growth and Expansion: Merged Chula Vista Project Area As the City's population and economic growth expanded to the south and east during the next thirty years, the City incorporated additional urbanized territories. The Town Centre II Original Project Area was adopted in 1978 to include a large number of commercial properties along the Broadway business corridor. In 1983, the City adopted the Otay Valley Project Area to capture and leverage revenues generated in the City's Auto Park Specific Plan areas. Five years later, additional territories in the northern, western, and southern sections of the City were included in the City's project areas through the adoption of the Town Centre II Amended Project Area in 1988. In 1985, the City annexed approximately 2,500 acres known as the Montgomery Area ;·.ff!;!'"'•• ~ REDEVl'lOPMFN"I • , •• • -• ,n'.Pi"t.. PROJ(CT ARr AS ···' ', wn1C{>ri1tt•II "' t and subsequently adopted the Southwest Original Project Area in 1990 to help address the area's historical infrastructure issues as an unincorporated County community. Additional territory was added to that area in 1991 through the adoption of the Southwest Amended Project Area. Most recently in 2004, additional territories spread across western Chula Vista were incorporated to constitute the Added Area Project Area . To streamline and simplify plans and reduce confusion, the City at that time concurrently consolidated each of these areas (Town Centre 11, Southwest, Otay Valley, Added Area) into a single Merged Chula Vista Redevelopment Project Area. Page 8 RDA Resolution No. 2009 -2014 Page 15 THE GOALS OF REDEVELOPMENT As a Five Year Implementation Plan, this Plan establishes a programmatic work plan for implementing and achieving the goals of the Redevelopment Agency over the next five years . Those strategic goals are set forth in the Agency's adopted redevelopment plans for the Merged Bayfront/Town Centre I and Merged Chula Vista Project Areas, and are listed as follows. WORK INftff GIIDW LIVli Stimulate Economic Growth: Attract, expand, and retain desirable business and industry which effectively increases local employment opportunities for community residents and enhance the tax base of local governments. Construct Infrastructure Improvements: Provide needed improvements to the utility infrastructure and public facilities that serve the Project Areas. Also, provide needed improvements to the community's education, cultural, and other community facilities to better serve the Project Areas. Promote Compatible Development: To encourage the development of residential, commercial, and industrial environments which positively relate to adjacent land uses, upgrade and stabilize existing uses, and promote and preserve artistically, architecturally, and historically worthwhile structures and sites . Balanced Housing Opportunities: Increase, improve, and preserve the community's supply of varied housing opportunities for all persons at all income levels . The five year work program contained in this Plan (Appendix B) links and cross-references each of the Agency's planned activities for the next five years back to these strategic goals. Page 9 ) _) STRATEGIC FOCUS RDA Resolution No. 2009-2014 Page 16 It is the mission of the Chula Vista Redevelopment Agency "To enhance urban Chula Vista through collaborative partnerships that realize the physical and economic potential of the community." Achieving this mission will be heavily influenced by the ability of the Redevelopment Agency to effectively create and leverage public resources that attract private investment. Private investment, in turn, will generate and capture local tax increment revenues to improve public facilities, infrastructure, and amenities (e.g., streetscapes, public art, plazas, landscaping, affordable housing, etc.). Improvements to Chula Vi sta's urban landscape will further promote greater public and private investment in the local business community, retail base, and housing market. The strategic focus of the Agency's work program for the next five years will be to strengthen the financial viability and capacity of the Agency to proactively pursue the revitalization and redevelopment goals of the City. The Agency should leverage existing resources and assets to facilitate high-quality, urban development that will generate significant revenue streams to the City and Agency (e.g ., tax increment, sales tax, transient occupancy tax) for public improvements and the creation of new affordable housing . The Agency will continue to prioritize outreach and education to the community about the goals, tools, and benefits of redevelopment, recognizing the critical importance of public participation in the redevelopment process . GUIDING PRINCIPLES OF REDEVELOPMENT Consistent with the strategic focus of the Agency, the policy foundation and direction of this Five Year Implementation Plan is rooted in two simple but critical Guiding Principles of Redevelopment. Guiding Principle #1: Leverage Public/Private Investment and Resources Leverage City/Agency resources to improve public amenities, infrastructure, and affordable housing that attract private investment: • Strategic and accountable public investments • Land assembly • Business reinvestment and expansion • Debt issuance Although past redevelopment activities in Chula Vista have resulted in important projects for the City, they have not historically served to strengthen the long-term financial viability of the Agency. To ensure the fiscal health of the Agency, a key priority of the Agency during the next five years will be to leverage existing resources and assets; fund needed public amenities, infrastructure, and affordable housing; and attract and facilitate catalyst projects. This guiding principle establishes important policy direction to spend public resources and assets to improve public spaces and facilities that benefit the community as a whole. Page 10 RDA Resolution No. 2009 -2014 Page 17 Guiding Principle #2: Community Outreach & Education Promote and facilitate early and transparent public input and participation that emphasizes community education about the goals, tools, and process of redevelopment. The Redevelopment Agency recognizes that its success relies heavily on effective community outreach and education about the goals and benefits of redevelopment. It also recognizes the importance of early outreach and education in the redevelopment process. This guiding principle is consistent with the three Principles of Public Input & Participation adopted by the City Council on May 24, 2005 as formal policy statements . Those principles were adopted with the creation of the Chula Vista Redevelopment Corporation ("CVRC") and are as fol lows: 1. Public input and participation should occur early and often. 2 . Public input and participation should be open, inclusive, and accessible . 3. Public input and participation should be educational and informative. The importance of this principle is demonstrated by the community engagement process that was implemented in the preparation of this plan. The CVRC Directors worked closely with Agency staff and were directly engaged in outreach from the beginning of this process In April 2009, CVRC Directors and Agency staff held three community workshops in various redevelopment project area locations (Bayfront, North, and South) followed by eight presentations to key stakeholders and community organizations. On May 28, 2009, Agency staff convened a Redevelopment Implementation Plan Working Group ("Working Group") comprised of 11 volunteers from the following local organizations: Crossroads, Southwest Civic Association, Northwest Civic Association, Chula Vista Chamber of Commerce, Third Avenue Village Association, South County Economic Development Council, Pacific Southwest Association of Realtors, Main Street Businesses, the Broadway Business Association, Chula Vista Civic Association, and Chula Vistans for Community Action . The Working Group met with staff over a seven -month period and accomplished the following : ■ ■ ■ Developed and prioritized the redevelopment goals Discussed and agreed to the redevelopment strategic objectives Reviewed and finalized the redevelopment projects list The Working Group not only accomplished the above tasks, they also agreed to continue as an ongoing resource working with staff to prioritize and implement redevelopment projects. This provides consistency and strengthens the cooperative relationships between Agency staff, the stakeholders, and the greater community . Another key component to the process of developing this Plan is the involvement of the CVRC and the Redevelopment Agency. Two joint workshops were held in August and November of 2009. The August workshop included presentations on Redevelopment Basics by John Shirey of the California Redevelopment Association, Redevelopment Agency Financials by Suzanne Harrell, of Harrell and Company, and an overview of the process for developing the Implementation Plan and a draft work plan by Agency staff. The November workshop discussed in detail the draft five year redevelopment work plan along with a review of the Agency financial projections for 2010-2014 and where the Agency is on meeting its housing compliance goals and objectives. These workshops were valuable opportunities for building alignment and understanding between the two bodies, engaging in dialogue with the community, and providing direction to Agency staff . Page 11 ) RDA Resolution No. 2009-2014 Page 18 The core elements of this Five Year Implementation Plan are the five year work programs deve loped for each of the redevelopment project areas. The work programs share a common sequence of strategic objectives designed to create a logical and strategic plan for successfu l redevelopment. STRATEGIC OBJECTIVES Much of a redevelopment agency's success depends on its abi lity to time projects to market opportunities, anticipate and respond quickly to the needs of investors, and build bonding capacity to support new development and public improvements. The Agency's five year work programs are structured around three consistent strateg ic objectives intended to maximize the Agency's responsiveness to market opportunities, manage public and private risk, and faci litate the creation of pub lic improvements and affordable housing. STRATEGIC OBJECTIVE #1: PLANS & POLICIES Redevelopment is a cata lyst and tool to pursuing a vision that is cast by City leaders through land use plans and policies. Long-range plans that support redevelopment activities provide policy direction to derive the greatest public benefit from redevelopment activities and projects, and discourage inefficient piecemeal development. By establishing land use objectives and policies, development standards, and design guidelines, the City sets the policy stage for redevelopment and helps create a reduced-risk environment that more readily attracts private investment. Land use plans and policies also provide the framework for planning and financing infrastructure that will support new development. Therefore, the first and highest priority in each geographic focus area is the estab li shment of long-range land use plans and policies that create a vision for redevelopment. STRATEGIC OBJECTIVE #2: PUBLIC INFRASTRUCTURE & AMENITIES As land use plans and po li cies are crafted and updated to support the revitalization goa ls of the City, the City and Agency must also determine how to proactively finance and build the pub li c infrastructure and amenities needed to support new development. Tax increment generated from new development can be leveraged and spent on public improvements and amenities that benefit the entire project area and neighborhood, and not just individual development projects. Redevelopment dollars used to construct necessary capital improvements can also serve as a cata lyst to new development particularly when remediating brownfields. By strategically building infrastructure to promote future development, the Agency will advance the revitalization goals of the City while creating an environment that attracts capita l and is more readily responsive to market opportunities. STRATEGIC OBJECTIVE #3: CATALYST PROJECTS Redevelopment acts as a "sparkp lu g" in city revitalization efforts, creating just enough energy and momentum in a city's economic engine to let it rev up and run on its own. By strategically focusing and leveraging resources on a few key "catalyst projects," redevelopment can spark enough market confidence to attract private investment to a city's revitalization vision and plans. The following five year work programs identify these types of key cata lyst projects for each project area. REDEVELOPMENT WORK PROGRAM The work programs for each geographic focus area are consistently structured around the three strategic objectives: (1) Plans & Policies, (2) Public Infrastructure & Amenities, and (3) Cata lyst Projects . The specific programs, projects, or activities under these objectives, however, will vary from area to area, based on the Page 12 RDA Resolution No. 2009-2014 Page 19 unique physical and socio-economic characteristics of each. Detailed five year work programs identifying those programs, projects, and activities for the Bayfront/Town Centre I and Merged Project Areas are located in Appendix B of this Plan. The following provides a summary description of the highlights of the strategic objectives for each redevelopment project area. Bayfront/T own Centre I Work Program Plans & Policies This redevelopment project area is comprised of two distinct areas: the City's historic downtown along Third Avenue, and the Bayfront which contains prime waterfront properties with amazing redevelopment opportunities to create a new and improved marina, a resort conference center, parks and recreation facilities, and new housing. The City and Port of San Diego have spent many years collaboratively developing a Bayfront Master Plan that establishes a vision and policies to guide the development of a world-class bayfront. Completion of these planning activities wi 11 require approvals of several local and state agencies, including the California Coastal Commission's approval of an amendment to the City's Local Coastal Program (LCP). Public Infrastructure & Amenities Redevelopment will be an integral factor in funding public improvements to support new development and enhance the aesthetic environment of the Urban Core, particularly in the Bayfront. Historical uses in the Bayfront (e.g., Goodrich Corporation, Rohr Aircraft Corporation) were primarily industrial and required limited infrastructure and utility systems to support their operations and activities . Redevelopment of the Bayfront area into a dynamic array of hotel, residential, and recreational uses will require considerable infrastructure upgrades and improvements to support those uses, and developing an infrastructure financing plan will be complex and require significant inter-agency coordination and support. Tax increment financing will be a major contributor to the substantial infrastructure costs in the Bayfront which further necessitates the need to extend the project area time limit. The Bayfront redevelopment area will expire in 2017, two years before Town Centre I. This will be the last opportunity for the Redevelopment Agency to fund significant improvements in the downtown Third Avenue business corridor because of its location in the Town Centre I Redevelopment Project Area. Adopted in 1976, the Town Centre I Project Area is scheduled to expire in 2019, leaving only 9 years to spend tax increment in the Third Avenue corridor. The following priority projects have been identified for the next five years to improve public infrastructure and amenities: c::> Third Avenue Streetscape Improvement Master Plan. Public infrastructure and amenities to support key catalyst projects and future redevelopment activity along the downtown Third Avenue business corridor . The plan will include st reet improvements, street furniture, and lighting to increase walkability and pedestrian interaction, improve circulation and provide for quality design, aesthetics, and identity to the area for marketing and redevelopment. (Town Centre I, Added Area) c::> Amend Original Bayfront Project Area . Extend the timeline to collect tax increment by ten years. (Bayfront) c::> Bayfront Infrastructure Improvements. Finance roadway, sewer and water infrastructure system improvements, construct a fire station, and remediate brownfields that will facilitate the Page 13 ) RDA Resolution No. 2009-2014 Page 20 implementation of the CVBMP that proposes a signature park, resort/convention center, hotels, residential and mixed-use/office commerc ial, waterfront retail, a new commercial harbor and improved navigation channel, and a public promenade and bike trail. (Bayfront) Key Catalyst Projects The Agency shou ld leverage existing resources and assets in the Bayfront!Town Centre I Area to facilitate key catalyst projects that will attract new investment to help create and improve public amenities, infrastructure, and housing for all income-levels. The Redevelopment Agency will play an important role in facilitating and negotiating key catalyst projects that will economica lly anchor the Bayfront Master Plan . c:::> Third Avenue Redevelopment Opportunities. Leverage existing resources and assets along the downtown Third Avenue business corridor to co ll aborative ly work with qualified developers, such as Voyage LLC, to design and build high-quality, mixed-use projects that are consistent with the City's vision, plans, and policies for the Urban Core . (Town Centre I, Added Area) c::::> Resort Conference Center. Development of a major resort conference center will generate sign ifi cant tax increment, transient-occupancy tax, and sa les tax revenues to provide needed funding for the planning and financing of key public infrastructure and amenities in the Bayfront. (Bayfront) c:::> Bayfront Residential Development. Design and development of a major residential project that utilizes the prime waterfront location of the Bayfront, and creates greater activity in the area to support shopping, dining, and recreating. (Bayfront) Merged Project Area Work Program Plans & Policies This redevelopment project area includes a myriad of land uses and historical development patterns. The Otay Valley Project Area encompasses territories east of the 1-805 Freeway that are planned for auto dealership uses through the City's Auto Park Specific Plans. Significant development activity is a lready underway in accordance with those land use plans and policies . It is particularly important to recognize that a large portion of this project area consists of territories annexed to the City 25 years ago after many years as an unincorporated County area . Known as the Montgomery Area, it is characterized by a history of piecemeal development f-:--=-----~ ·-~ . .,,.. r 131' ==---"'t • r --._ ' ··~---·-, J5.' __ ..,., ' '.;_. ( -r-..-... , ,, f_ >( -. \ _. -7\ -.>_,..,,.,.. ,,.,,,.. , / -~--__ , ..... , ...... , ...... -f .......... . l. _______ .. ------,· ' practices, a wide range of incompatible uses, and serious infrastructure deficiencies, including roads, curbs, gutters, and sidewa lks. It is also characterized, however, by numerous light-industrial uses and large-sized parcels, particularly along Main Street, that could provide important redevelopment and economic development opportunities to the City, includin g the creation of new commercia l and li ght-industria l uses, and expansion of existing and compatible uses. Additional residential and commercial development opportunities exist along the southern sections of Third Avenue and Broadway. To create a comprehensive and consistent vision for the successful redevelopment of the Southwest Chu la Vista Area, it will be a high priority of the Agency to help fund and coordinate the preparation of a Southwest Specific Plan for the Palomar, West Fairfield, Main Street, Third Avenue and Broadway areas . The Southwest Specific Plan would estab li sh development standards and design guide lines consistent with the land use policies and objectives identified in the Southwest Area Plan of the 2005 General Plan Update. Page 14 RDA Resolution No. 2009-2014 Page 21 Public Infrastructure & Amenities Although the City has made significant progress upgrading Montgomery infrastructure since the 1985 annexation, major deficiencies continue to exist and will need to be addressed to support redevelopment and economic development efforts in the Merged Project Area. Upon completion of the Main Street and Broadway Specific Plans, Streetscape Master Plans wi 11 be developed for both those areas to provide the roadmap, financing estimate and timeline for a capital improvement program. Additionally, the Redevelopment Agency is proposing to issue debt to finance the implementation of the improvements described in those plans. These redevelopment activities will compliment the City's Infrastructure Management Program that provides an inventory of infrastructure deficiencies and establishes a prioritization system for addressing those deficiencies. Key Catalyst Projects Upon preparation and completion of a Southwest Specific Plan, key catalyst projects in the Merged project area will include: ¢ Auto Park Expansion. Explore expansion options and potential for other compatible uses. Eexpansion of the Auto Park area east of the 1-805 Freeway will generate much needed tax increment and sales tax revenues . (Otay Valley) ¢ Redevelopment Opportunities . The South Third Avenue, Broadway, and Main Street corridors will provide important opportunities for redevelopment and economic development. Key catalyst projects along these corridors will generate significant revenues to fund public improvements and amenities in the area. This includes evaluating the reuse options for the historic Salt Works site and the West Fairfield area . (Southwest, Added Area) Page 15 ) HOUSING WORK PROGRAM RDA Resolution No. 2009-2014 Page 22 In addition to the plans, activities, and projects just described in the redevelopment work programs, the facilitation and financing of affordable housing in the project areas is an important and mandatory function of redevelopment. As tax increment revenues are generated in redevelopment project areas, 20 percent of the gross revenue stream is immediately set aside and placed in the Low and Moderate Income Housing Fund (Low-Mod Fund). Those funds, pooled with other federal and state resources and tax credits, provide an important financing tool to assist in the development of income-restricted, affordable housing projects . Low and Moderate Income Housing Funds can also be used to finance housing programs, including for first time homebuyers, land purchases for affordable housing and the rehabilitation of existing multifamily housing. Housing Compliance To ensure that redevelopment agencies appropriately plan and use housing set-aside funds for the creation of new affordable housing, state redevelopment law requires that five year implementation plans address three specific areas of housing that redevelopment plays a critical role in: ¢ Housing Production: Based on the number of housing units constructed or substantially rehabilitated over a ten -year period, a Redevelopment Agency must ensure that a percentage (15%) of these units are affordable to low and moderate income households. ¢ Replacement Housing: Redevelopment Agencies must ensure that any housing units destroyed or removed as a result of redevelopment agency activities are replaced within four years. ¢ Low and Moderate Income Housing Funds & Expenditures by Household Type: State law establishes specific requirements on the amount of housing set-aside funds an agency must spend over a 10-year period to facilitate housing that is affordable to very low and low income households. Please turn to Appendix C for a comprehensive and detailed report on each of these reporting requirements. Strategic Housing Objectives In addition to meeting these legal requirements, this Five Year Implementation Plan sets forth strategic housing objectives that promote and build capacity in the Agency's ability to proactively facilitate and fund new affordable housing opportunities in western Chula Vista. These are citywide strategic objectives that apply to all three geographic focus areas, and the redevelopment Project Areas within . STRATEGIC OBJECTIVE #1: EXPANSION OF REDEVELOPMENT PROJECT AREAS The Redevelopment Agency's Low and Moderate Income Housing Funds are historically the largest source of funds consistently used to help finance affordable housing. Expansion of the redevelopment Project Areas would further the Agency's legislative charge to remove blight, and strengthen the Agency's ability to leverage Low-Mod Funds for affordable housing, including new construction and land purchases. Expansion of the Project Areas would not increase or impact property taxes that owners are assessed, but instead increase the portion of those taxes that can be locally captured by the Agency, including monies leveraged to fund public infrastructure and amenities. Annual deposits into the Low- Mod Fund for the next five years are currently estimated at approximately $3 million per year, totaling an estimated $15.3 million during the FY 2009/10-2013/14 period. STRATEGIC OBJECTIVE #2: AFFORDABLE HOUSING IN REDEVELOPMENT PROJECT AREAS To promote safe and sanitary affordable housing in western Chula Vista and to meet the requirements of State law, the Agency should focus and prioritize their Low-Mod Funds within redevelopment project Page 16 RDA Resolution No. 2009-2014 Page 23 areas in neighborhoods of greatest need . State redevelopment law contains an inclusionary housing requirement that provides that at least 15 percent of all new and substantially rehabilitated dwelling units developed within a redevelopment project area be available at affordable housing costs to, and occupied by, persons and families of low and moderate income (Health and Safety Code §33413(b)). Of this 15 percent, at least 60 percent must be available to low and moderate income persons or families. At least 40 percent must be available to very low income persons or families . While the Agency may spend its Low-Mod Funds to provide affordable housing opportunities outside of the project areas, the Agency must determine, pursuant to Health and Safety Code Section 33334.2(g), that the use of the Agency's Housing funds outside of the project area is of benefit to the area. Additionally, pursuant to Section 33413(b)(2)(A)(ii) , the Agency receives a one (1) unit credit for every two (2) affordable units located outside of the Project Area. In considering the Agency's financial participation in affordable housing outside of the project areas, the Agency shall evaluate each opportunity on a case-by-case basis and take into consideration the economic and public benefits of such participation . Page 17 ) RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT l~~ 24 Five Year Implementation Plan 2010to2014 APPENDIX A: :'.:TERMINOLOGY The fol lowing are definitions of terms and phrases used throughout this report. Th is list has been prepared to reduce confusion and avoid their common misuse to describe the City's various planning and redevelopment activities in western Chula Vista . 20 Percent Set-Aside: The California Community Redevelopment Law requires that at least 20 percent of all tax increment revenues generated from a redevelopment project area must be used by the Redevelopment Agency to increase, improve, and preserve the community's supply of affordable housing for persons and families of low and moderate income (Health and Safety Code §33334.2). Health and Safety Code Section 33334.3 further requires that all set-aside funds are required to be held in a separate Low and Moderate Income Housing Fund until used, including any interest earned and repayments to the Fund. The Agency may spend monies from the Housing Fund either within or outside of the redevelopment project areas, if the Agency finds that the use of the monies outside will benefit the project areas (§33334 .2(g)). Absorption Rates: The rate at which real estate properties are able to be sold or leased within a designated market region or focus area. Absorption rates are often used to forecast market conditions and analyze the feasibility of a project based on a variety of market factors. Absorption rates are also used to describe the rate of change, turnover of property, and creation of new housing units over an identified period of time. Affordable Housing: Housing that has a deed restriction regulating the maximum income level of occupants and the maximum rent or sales price. Agency Participation: The direct participation of a redevelopment agency in a project through the execution of an agreement with the developer (e.g., Disposition and Development Agreement, Owner Participation Agreement). Such an agreement for a redevelopment project triggers the requirement for an Agency to: (1) provide relocation assistance and benefits to residents and business owners; and (2) replace housing units on a one-for-one basis if the project will destroy housing for low-or moderate income residents . Blight: A primary legislative charge of a redevelopment agency is to eliminate blight. Territory included within a redevelopment project area must therefore meet specific statutory requirements regarding blight. Health and Safety Code Section 33030 defines "blighted area" as one that is : (1) predominately urbanized; (2) underutilized to the extent that is constitutes a serious physical and economic burden on the community; and (3) characterized by one or more physical or economic conditions as described and set forth in Section 33031: 33031. (a) This subdivision describes physical conditions that cause blight: Page 18 (1) Buildings in which it is unsafe or unhealthy for persons to live or work. These conditions may be caused by serious building code violations, serious dilapidation and deterioration caused by long- term neglect, construction that is vulnerable to serious damage from seismic or geologic hazards, and faulty or inadequate water or sewer utilities. (2) Conditions that prevent or substantially hinder the viable use or capacity of buildings or lots. These conditions may be caused by buildings of substandard, defective, or obsolete design or construction given the present general plan, zoning, or other development standards. (3) Adjacent or nearby incompatible land uses that prevent the development of those parcels or other portions of the project area. (4) The existence of subdivided lots that are in multiple ownership and whose physical development has been impaired by their irregular shapes and inadequate sizes, given present general plan and zoning standards and present market conditions . --------- RDA Resolution No. 2009-2014 Page 25 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 (b) This subdivision describes economic conditions that cause blight: (1) Depreciated or stagnant property values. (2) Impaired property values, due in significant part, to ha za rdous wastes on property where the agency may be eligible to use its authority as specified in Article 12 .5 (commencing with Section 33459). (3) Abnormally high business vacancies, abnormally low lease rates, or an abnormally high number of abandoned buildings. (4) A serious lack of necessary commercial facilities that are normally found in neighborhoods, including grocery stores, drug stores, and banks and other lending institutions. (5) Serious residential overcrowding that has resulted in significant public health or safety problems . As used in this paragraph, "overcrowding" means exceeding the standard referenced in Article 5 (commencing with Section 32) of Chapter 1 of Title 25 of the California Code of Regulations. (6) An excess of bars, liquor stores, or adult-oriented businesses that has resulted in significant public health, safety, or welfare problems. (7) A high crime rate that constitutes a serious threat to the public safety and welfare. California Community Redevelopment Law: The authority to establish a redevelopment agency, and the authorities granted to an agency, including the adoption and implementation of a redevelopment plan, is granted and governed by the California Community Redevelopment Law. The Law is contained in California Health and Safety Code Sections 33000, et seq. Eminent Domain: Eminent domain is considered by the U.S. and California Constitutions as the sovereign right of government to take private property for public use. The U.S. Constitution limits the use of eminent domain by providing that "private property shall not be taken for a public use, without just compensation." Some state legislatures further limit, or establish procedures for, the use of eminent domain. In California, the legislature has enacted a comprehensive statute known as the Eminent Domain Law, contained in Sections 1230.010, et seq, of the California Code of Civil Procedure . The California Community Redevelopment Law provides for the use of eminent domain to eliminate blight. The Chula Vista Redevelopment Agency has adopted local policies within the City's Redevelopment Plan for the Merged Chula Vista Project Area that prohibit the use of eminent domain on any property that is both zoned and used for residential purposes. Housing Element: The State of California requires cities and counties to prepare a Housing Element as part of their comprehensive General Plans. The Housing Element must address the housing need for all income levels through adequate zoning, policies, and programs. The City of Chula Vista's existing Housing Element (originally created for the 1999-2004 planning cycle) was approved by the State of California in 1999. The City is in the process of updating the Housing Element to address similar housing needs and policy issues for the 2005-2010 planning cycle. Redevelopment lnclusionary Housing Requirement: Redevelopment law requires that at least 15 percent of all new and substantially rehabilitated dwelling units developed within a redevelopment project area be available at affordable housing costs to, and occupied by, persons and families of low and moderate income (Health and Safety Code §33413(b)). Of this 15 percent, at least 60 percent must be avai I able to low-and moderate income persons or families. At lea st 40 percent must be available to very low income persons or families. Redevelopment Project Area: Territories adopted by and placed under the jurisdiction and authority of a redevelopment agency. Within project area boundaries, the Agency may use its general powers to collect tax increment revenues, create a Low and Moderate Income Housing Fund, and conduct other redevelopment activities in accordance with the California Community Redevelopment Law. A project area is a "predominantly urbanized area of a community which is a blighted area, the redevelopment of which is Page 19 ) RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT A~26 Five Year Implementation Plan 2010 to 2014 necessary to effectuate the public purposes" of a Redevelopment Agency as set forth under state law (Health and Safety Code §33320.1 ). Relocation Assistance: When applicable, Federal and state laws establish extensive relocation rules and regulations for cities and redevelopment agencies. c:> The Federal Uniform Relocation Assistance and Real Property Acquisition Policies Act (URA) dictate relocation regulations in relation to the public acquisition of real estate for a Federal project or a project in which Federal funds are used. c:> California Government Code (beginning at Section 7260) prescribes the process and procedures for relocation assistance by public agencies when applicable. Replacement Housing: Subdivision (a) of Section 33413 the California Health and Safety Code sets forth the Redevelopment Agency's statutory requirements for replacement housing : 33413. (a) Whenever dwelling units housing persons and families of low or moderate income are destroyed or removed from the low-and moderate income housing market as part of a redevelopment project that is subject to a written agreement with the agency or where financial assistance has been provided by the agency, the agency shall, within four years of the destruction or removal, rehabilitate, develop, or construct, or cause to be rehabi I itated, developed, or constructed, for rental or sale to persons and families of low or moderate income, an equal number of replacement dwelling units that have an equal or greater number of bedrooms as those destroyed or removed units at affordable housing costs within the territorial jurisdiction of the agency. When dwelling units are destroyed or removed after September 1, 1989, 75 percent of the replacement dwelling units shall replace dwelling units available at affordable housing cost in the or a lower income level of very low income households, lower income households, and persons and families of low and moderate income, as the persons displaced from those destroyed or removed units . When dwelling units are destroyed or removed on or after January 1, 2002, 100 percent of the replacement dwelling units shall be available at affordable housing cost to persons in the same or a lower income category (low, very low, or moderate), as the persons displaced from those destroyed or removed units . Tax Increment: Tax increment is the primary source of revenue that redevelopment agencies have to fund and undertake public improvement and affordable housing projects. It is based on the assumption that a revitalized project area will generate more property taxes than were being produced before redevelopment. When a redevelopment project area is adopted, the current assessed values of the property within the project area are designated as the base year value. Tax increment comes from the increased assessed value of property, not from an increase in tax rate . Any increases in property value, as assessed because of change of ownership or new construction, will increase tax revenue generated by the property. This increase in tax revenue is the tax increment that goes to the Agency. Page 20 RDA Resolution No. 2009-2014 Page 27 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 PPEN DIK B: REDEVELOPMENT _WORK -PROGRAMS (2010-2014) During the next five years, the Agency wi 11 undertake certain projects and activities in the redevelopment project areas in accordance with the strategic objectives described in this Plan: (1) Plans & Policies, (2) Public Infrastructure & Amenities, and (3) Key Catalyst Projects. The following work programs are organized by redevelopment project areas: Bayfront/T own Centre I Project Area and Merged Project Area. PROJECT DESCRIPTIONS, BENEFITS AND TIME LINE Bayfron t Support approval and implement the Chula Continue funding staff e 0 Vista Bayfront Master to implement the Plan (CVBMP), including Bayfront Master Plan . -- certification of the The Plan is a result of a Qt) Bayfront EIR, Local multi-year comprehensive -Coastal Program Amendment, and Port planning effort. Master Plan Amendment Finance public infrastructure e ~ Finance Public improvements and -Infrastructure remediation activities e Improvements that wi 11 faci I itate redevelopment of the Ba front Enter into an Ownership Enter into Development Participation Agreement ~-(OPA) that ensures the Agreement with Pacifica orderly and timely --Companies development of this ~-mixed-use project - Prepare plan eo Amend Original amendment to extend -- Bayfront Project Area the timeline to collect Q 9 Tax Increment by 10 -years Page 21 C onference Center development opportunity Finance completion of Third Avenue Streetscape Master Plan (TASMP) Improvements ) Implement Agreement with Sweetwater Union High School District to redevelop site on Third Avenue Sell and redevelop Agency-owned site at Third and E Enter into a DDA with Voyage LLC for development of Agency- owned sites Pursue development opportunities for Vogue Theatre site Page 22 Collaborate on i ncentive e g package for marketing - the RCC site for Q -development - T hird Avenue Total capita l e ti improvement budget is $6 million. Additiona l - ~ monies from the RDA to fund the current shortfa ll for construction The Agency has an agreement with SUHSD to develop the former fl 8 Windmill farm site . The -Agreement requires SU HSD to deve lop 0 offices or a mixed-use project. This is an entryway site e to the Third Avenue 0 District and is a mixed -- use deve lopment O@ opportunity. -.. - Construct a *0 residential/I ive-work --development, in ~ @ accordance with the UCSP - Determine feasibility of e ~ developing Vogue - Theatre site ~ RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT l1Mfs 2 8 Five Year Implementation Plan 2010 to 2014 RDA Reso lution No. 2 00 9-2 0 14 Page 29 E Street T rolley Station Act ive ly see k 99 Market and deve lop t he pote ntia l deve lopers former City Corp yard t hr oug h a RFQ/RFP -- site at F and Wood lawn and wor k toward 08 for development redeve lopme nt of t he --site H Street Corridor Imp le ment th e ex isti ng D ispos iti o n 0 and D eve lop me nt Implement Gateway Ag reeme nt. Upon ~-co m p leti o n t he --DDA pro j ect w ill prov i de -m ore th an 300,000 SF o f C lass A Office Space Imp le me nt t he Implement development ag ree me nt w hi c h e 0 agreement with Scripps ob l igates Sc ri p ps to -- to deve lop medica l b uil d m ed ica l offices ~ 0 office bu il ding at and a Cance r faci li ty current site o n its p roperty alo ng - H St ree t Th e owner of C hul a Vista Ce nte r dec lared Work with Genera l ba nkru ptcy in ea rl y Growth Properties 2009. Th e Agency eo (GGP) on Chula Vista and th e ED d ivis io n --wi ll work w it h GG P Center opportun ities t o deve lop sho rt and 08 -OJ lo ng-t er m goa ls for - im prov in g t h is Ce nter Page 23 • REDEVEL O PM EN T PROJE CT AREAS Fi ve Yea r Impleme ntat ion Plan 20 10 to 2 0 14 • • • • • • Contract with U LI Nationa l to study E Finance and complete Street, H Street, and ULI National Study Third Avenue w h ich are primary links between downtown CV and the bayfront. Southwest Specific Southwest Specific Plans Plans provide land for Palomar, West use designations, deve lopment Fairfield, Main Street, ) Third Avenue and standards and identify Broadway necessary i nfrastructure improvements Prepare Main Street Deve lop a Streetscape Streetscape Master Plan Plan for Main Street Develop a Streetscape plan for South Third Prepare South Third and and Broadway based on the Urban Core Broadway Streetscape Specific Plan and Master Plan Broadway and South Third Avenue Spec ific Plans Issue debt to fund Issue Debt to Finance infrastructure Main Street, South Third improvements and Broadway identified in the Improvements streetscape master p lans Page 24 e e - Southwest eo --~-- 0 - e - ~o --~-- RDA Resolution No. 2009-2014 REDEVE LOPMENT PROJECT l~~3o Five Year Implementation Plan 2010to2014 RDA Resolution No. 2009-2 01 4 Page 31 Su pport existing Part icipate in discussion effort s, fac ilitate d by regarding reuse options SAN D AG, to scope for historic Salt Works deve lopment site alte rn atives for t he site Th e Age ncy wi 11 work to acq uire property Acquire for-sale fo r t he pu r pose of residential property in conso l idat i ng West Fairfie ld Area propert ies to create a la rger deve lopme nt area. Co m p lete Phase I Implement assess me nts and Environmental app ly for add iti o nal Remediation Program fu nd in g opport uni t ies for assessme nt s and cl ea nu p Prepa re eco no mi c feasibi l ity st udy fo r Conduct feasibi l ity deve loping an eco-study for new Eco-frie nd ly i nd ust r ia l technology industrial par k o n t he 54-acre park site adjace nt to t he ex istin g landfi ll Eva lu ate pot ent ial fo r Expand Chu la Vista growth in t he Autopark existing spec ific p lan areas Bu i ld a new Peaker New Peaker Plant Faci li ty alo ng Energy Faci l ity on Energy Way Way in p lace of t he and remove faci l ity on exist ing Pea ker Plant Main Street faci lity on Main St reet Page 25 • - • - • - O lay V a lley 9 9---·'"-' - e~ --- 0 e--e - • REDEVEL O PMENT PR O JE CT AR EAS Five Year Im p le menta ti o n Plan 20 10 t o 20 14 • • \ • Implement Broadway Economic Development Strategy and Collaborate with the Broadway Business Association Fund and implement Business Improvement Grant Program Market San Diego Regional Enterprise Zone ) Page 26 Partner with the BBA to implement programs that enhance the commerc ia l corr id or Th e BIG Program provides up to $20,000 to eligib le property and business owners for exterior fac;ade im rovements The EZ Program provides a state tax credit to e li gib le emp loyers and emp loyees for hiring loca l residents, purc hase of equipment and machiner , etc. Programs 941 -- @ - -- RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT A~~ 32 Five Year Implementation Plan 2010to2014 RDA Resolution No. 2009-2014 Page 33 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010to2014 APPENDIX C: AFFORDABLE HOUSING PRODUCTION PLAN "The Legislature finds and declares that the prov1s1on of housing is itself a fundamental purpose of the Community Redevelopment Law and that a generally inadequate statewide supply of decent, safe, and sanitary housing affordable to persons and families of low or moderate income, as defined by Section 50093, threatens the accomplishment of the primary purposes of the Community Redevelopment Law, including job creation, attracting new private investments, and creating physical, economic, social, and environmental conditions to remove and prevent the recurrence of blight." Health and Safety Code Section 33334.6(a) OVERVIEW To ensure that low and moderate income families have housing opportunities available to them as project areas change and redevelop, state law establishes three fundamental requirements of redevelopment agencies (listed below). As a result of these requirements, redevelopment agencies play an important role in the funding and production of affordable housing for the entire community. ¢ Housing Production: Based on the number of housing units constructed or substantially rehabilitated over a ten year period, a Redevelopment Agency must ensure that a percentage of these units are affordable to low and moderate income households.1 ¢ Replacement Housing: Redevelopment Agencies must ensure that any housing units destroyed or removed as a re sult of an Agency redevelopment project are replaced within four years. ¢ Low and Moderate Income Housing Funds & Expenditures by Household Types: A minimum of 20 percent of all of "tax increment" revenues mu st be set aside for the development of affordable housing. The law establishes specific requirements for the amount of housing set-aside funds an agency must spend over a 10-year period on housing that is affordable to very low and low income households. This section of the Implementation Plan addresses these three specific requirements of State law with respect to prior affordable housing activities and the anticipated housing program in the future . The Plan specifically demonstrates how the Agency has met its obligations in years prior to 2010 and the activities, polices and/or procedures that the City and Agency may pursue to increase and encourage the provision of housing affordable to very low and low or moderate income households within the current 10 year forecast of 2004- 05 to 2013-14. HOUSING PRODUCTION The Agency must ensure that very low and low and moderate income households have opportunities to reside within Redevelopment Project Areas as these areas change and redevelop, through the provision of affordable housing. When new or substantially rehabilitated housing is produced within Redevelopment Project Areas, the Agency incurs an obligation to 1 Since the Bayfront Original Project Area was adopted prior to 1976, State Law doe s not tri gge r production requ ireme nts. However, it does app ly to Bayfront Amend ed are a. Page 27 RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT A!Wts34 Five Year Impl ementation Plan 2010 to 2014 provide a portion of these housing units as affordable to very low and low and moderate-income households . This requirement is known as the inclusionary housing or production requirement (California Health and Safety Code §33413). The requirement for affordable housing differs for Agency-developed housing versus privately-developed housing. If housing is developed by the Agency, the Agency 's requirement to provide affordab le housing is based upon a minimum of thirty percent (30%) of these housing units . Not less than half of these units, or fifteen percent (15%), sha ll be availab le for very low income households. The requirement is a minimum of fifteen percent (15%) when developed by persons or entities other than the Agency. At least forty percent (40%) of these units (or 6% of the total) must be available for very low income households. Historically, the Agency has not directly developed any housing and does not anticipate developing housing in the future . In stead, the Ag~ncy relies on other entities to develop housing with the assistance of the Agency where feasible and appropriate. The lnclusionary Housing requirements app ly to the aggregate of a ll housing in the project areas. It is therefore not necessary that each residential development include the required percentage of affordable housing. With multiple project areas, the Agency may satisfy its inclusionary housing requirements in the aggregate among the various project areas, so long as the aggregat ion does not cause racial, ethnic, or economic segregation, and outside of the Project Areas. When the Agency seeks to meet its affordable housing requirement outside of the Project Areas, two affordable housing units must be provided for every one housing unit required and the Agency must make a determination of benefit to the Project Areas. Anticipated Affordable Housing Production To meet its housing production requirement for the 10-yea r period and the life of the Redevelopment Plans, the Chula Vista Redevelopment Agency partners with private housing developers to provide affordable housing for low and moderate income households . The Agency assists in the creation of new housing developments and the rehabilitation of existing housing both within and outside of the Project Areas. The Agency has received credit for affordable hou sing bui It primarily outside of the Project Areas through the continued implementation of the Balanced Communities Policy 5.1 of the City's Housing Element, which requires all new housing developments of 50 units or more to provide 10 percent of the housing as affordab le to low and moderate income households. Over the past ten year period, there has been very little housing development within the Project Areas due to the limited availability of residentially zoned land . However, the Agency was able to participate in numerous affordable housing developments, mostly outside of the Project Areas. From Fiscal Years 1980 through 2003-04, a total of 373 new housing units were produced within the Project Areas, resulting in a total affordable housing requirement of 58 units (see Table 1 ). Within this time period, the Agency exceeded its housing production requirement with a surplus of 321 units inside and outside of the Project Areas . The surp lu s units, of which 44 units are for very low income households, will be used to satisfy the Agency 's future production requirements for the ten-year period of FY 2004-05 through 2013-14. It was originally anticipated that new construction of housing would increase significantly during the ten-year period from 2004-05 through 2013-14 due to the growth in the City's popu lation and its ongoing redevelopment focus in the City's Urban Core. In 2006, the flourishing US housing market began to see a slowdown with home prices and home equity slipping, and inventories of unsold homes piling up. The housing market has been a big contributor to economic growth since 2001, accounting for three quarters of the nation's job growth. Economic indicators show that the US entered a recession in late 2007. The burst in the US housing bubble and sub prime mortgage crisis have contributed significantly to the current recession. Page 28 RDA Resolution No. 2009-2014 Page 35 REDEVELOPMENT PROJECT AREAS Five Year Impl ementation Plan 2010to2014 Faced with dropping housing values, retir ement and savings decimated by the stock market, and rising unemployment, consumer confidence and consumption are at al l time lows. It is anticipated that economic recovery wi ll take a lon g time. Given the current recessionary ci rcumstances and the tightening of capital for construction and permanent financing, the City anticipates littl e new construction of housing within the Redevelopment Project Areas during the ten-year period from 2004-05 through 2013-14. The ten-year forecast includes actua l projects approved, projects in the process of completion by the Agency, and potential housing units proposed in the work program of this Impl ementation Plan, as detailed in Appendix B. During the current 10-year period, it is estimated that approximate ly 338 total housing units will be built within the Project Areas in accordance with the Redevelopment Work Program (Appendix B). Based upon this estimate, the Agency is required to provide 52 low and moderate income housing units, of which, 21 very low income units are required. During this period, the Agency expects to assist in the production of a total of 354 affordab le housing units, of which approximate ly 130 may be designated as very low income. The Agency is able to participate in more units than wi ll be built within the project areas because of assistance to affordable units outside of the project areas. The Agency expects to exceed its housing production requirement for very low and low and moderate units during the ten -yea r period with a surplus of 302 affordable units . See Table 1 for a comprehensive summary of the Agency's affordab le housing requirements during: (1) the initial period (1980 to 1993-1994), (2) the previous 10-year period (1994-95 to 2003-04), (3) the current 10-year period (2004-05 to 2013-14), (4) the following 20-year period (2014-15 to 2033-34), and (5) the cumulative duration of a ll redevelopment plans (1994-95 to 2033-34). Based upon these projections, it is estimated that the Agency will exceed the requirements for very low income and low and moderate-income households through the duration of the Redevelopment Plans . Should actual housing production exceed the estimated projections of this Plan, the Agency intends to leverage its available financial resources to assist private entities to provide affordab le housing. Page 29 (_ .\_/ Table 1: Affordable Housing Production Merged Bayfront/Town Centre I Project Area 235 15 21 36 0 Merged Chula Vista Project Area 109 7 10 17 0 Outside Project Areas ' 0 SUBTOTAL 3442 22 31 53 0 PREVIOUS 10-YEAR PERIOD (1994-95 to 2003-04) Merged Bayfront/Town Centre I Project Area 0 0 0 0 0 Merged Chula Vista Project Area 29 2 3 5 12 .. Outside Project Areas 56 SUBTOTAL 29 2 3 5 68 CURRENT 10-YEAR FORECAST (2004-05 to 2013-14) Merged Bayfront/Town Centre I Project Area 15 1 2 3 0 Merged Chula Vista Project Area 323 20 29 49 84 . :;_i. .. , Outside Project Areas ,, 46 SUBTOTAL 338 21 31 52 130 FOLLOWING 20-YEAR FORECAST (2014-15 to 2033-34 Merged Bayfront/Town Centre I Project Area 1,750 105 158 263 20 Merged Chula Vista Project Area 800 48 72 120 20 Outside Project Areas 0 SUBTOTAL 2,550 153 230 383 40 CUMULATIVE REDEVELOPMENT PLAN DURATION (1994-95 to 2033-34) Merged Bayfront/Town Centre I Project Area 2,000 121 181 302 20 Merged Chula Vista Project Area 1,261 77 114 191 116 Outside Project Areas 102 SUBTOTAL 3,261 198 295 493 238 0 0 0 0 0 0 0 0 0 0 14 26 297 353 311 379 0 0 103 187 121 167 224 354 80 100 80 100 0 0 160 200 80 100 197 313 418 520 695 933 J REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010to2014 (15) (21) (36) (7) (10) (17) 0 0 0 (22) (31) (53) 0 0 0 10 11 21 56 297 353 66 308 374 (1) (2) (3) 64 74 138 46 121 167 109 193 302 (85) (78) (163) (28) 8 (20) 0 0 0 (113) (70) (183) (101) (101) (202) 39 83 122 102 418 520 40.0 399.5 439.5 ~ ► ?: VJ 0 2" ...... ..... 0 ::s z 0 N 0 2 This data has been revised from the 2005 to 2009 Redevelopment Implementation Plan to better reflect the time period in which affordable housing units were produced and to reduce the number of affordabl~ ~ units produced from 389 units to 373 affordable units from 1980 to 2003-04. The number of affordable units produced was reduced as a result of the lack of the appropriate restrictions needed under State law~ N to consider such units as affordable to the benefit of the Redevelopment Agency. C"O o w- O'\ .p.. Page 30 Page 30 RDA Resolution No. 2009 -2014 Page 37 REPLACEMENT HOUSING In accordance with Section 33413(a) of the Health and Safety Code, whenever a dwelling unit housing persons or families of low or moderate income are destroyed or removed from the housing market as part of a redevelopment project that is subject to a written agreement with the Agency or where financial assistance has been provided by the Agency, the Agency is responsible for replacing that unit within four years . Replacement housing must have an equal or greater number of bedrooms as those units removed and must be affordable to equal or lower income levels as those displaced. As of 2002, the Agency had replaced all 50 units removed from the redevelopment project areas. The Agency does not have any outstanding replacement housing obligations and is in full compliance with the statutory requirements. During the Implementation Plan period, the Agency anticipates very little commercial and residential development given the current economic recession. Since most existing land uses in the Project Areas are commercial, any new deve lopment opportunities, that may arise, will likely take place on underutilized commercial properties or properties that are currently vacant. The Agency anticipates that Agency-assisted projects will not result in the displacement or removal of housing units and no replacement housing obligations will be incurred . HOUSING FUND REVENUES & EXPENDITURES California Redevelopment Law requires a Redevelopment Agency to direct a minimum of 20 percent of all gross tax increment revenues generated within its Project Areas to a separate fund to be u sed exclu sively for the preservation, improvement, and expansion of the low and moderate income housing supply within the community. Thi s section summari z es the Agency's Low and Moderate Income Housing Fund resources and units assisted from FY 2004-05 through 2008-09, as well as resources and activities anticipated for this current period from FY 2009-10 through 2013-14. Additionally, this section analyzes the Agency's expenditure of these funds in relation to the community's need for very low and low income hou sing, as well as the proportion of the population under the age of 65, as required by Section 33334.4 of the Health and Safety Code. Housing Fund Expenditures: FY 2004-05 through 2 013 -14 The Agency expended approximately $7,818,100 over the last five years from FY 2004-05 through 2008-09 to as sist low and moderate income households . These fund s were expended for the production of 146 affordable housing units, the rehabilitation of 84 single family homes and mobile homes, and the maintenance and operation of mobile home spaces. Table 2 : Housing Units Assisted with Low-Mod Housing Funds Description 2004-05 2005-06 2006-07 2007-08 2008-09 TOTAL p ro 1ect A re as Brisa del Mar 105 105 Los Vecinos 41 41 TOTAL 105 0 0 0 41 146 Page 31 ) Housing Expenditures by Household Type RDA Resolution No. 2009-2014 Page 38 Effective Januar y 1, 2002, the Agency's expenditure of Low-Mod Funds must be in proportion to the comm unity 's need for very low and low income housing and housing for its population under the age of 65. The C ity bases its hou sing needs for each income category from the Regional Housing Needs Assessment and is specified within the City of Chula Vista's Housing Element. New lega l requirements took effect in 2006 that modified the previous limitation on spending Low-Mod Fund monies on households under the age of 65 3 • Prior to 2006, Section 33334.4(b) of CRL required that an agency spend its Low-Mod Fund monies "in at least the same proportion as the population under age 65 bears to the total population based on the most recent census." The 2006 changes provide a higher leve l of specificity to spend "in at least the same proportion as the number of low-income households with a member under age 65 bears to the total number of low-income households of the community as reported in the most recent census." Table 3 below specifies the legal limitations governing the expenditure of the Low-Mod Funds. The moderate income category represents a maximum figure for expend itur es for moderate income households, althoug h suc h funds (within this category) can be spent on very low or low income households. The chart specifica lly details the Agency's Low-Mod Fund expenditure during the first five years of the Compliance Period and the projected expenditu re s during the remainder of the Compliance Period . The Agency anticipates meeting their Low-Mod Fund targeting requirements by the end of the Compliance Period. Table 3: Proportionality Requirement for Low-Mod Fund Expenditures No. of Household Type Households lncome 1 Very Low In come 3 845 Low Incom e 2 704 Moderate In come 3 255 TOTAL 9,804 Age 2 Households Under Age 65 Type 17 573 Hou sholds Over Age 65 6 421 TOTAL 23,994 Notes: (1) 2005-2010 Chula Vista Housing Element; RH NA (l) 2000 U .S. Census; Low In come Hou seholds Percentage of Housing Funds to be Expended 39% Minimum 28% Minimum 33% Maximum 100% 73% Minimum 27% Maximum 100% Table 4 on the following page documents the amount of Low-Mod Fund revenue used since Janu ary 2002 for these income categories and for families and seniors. Based upon the expenditures to date, the Agency is on target for its expend iture of Low-Mod Funds by income categories and household type to meet the lega l requirements for expenditures in proportion to the community's housing needs by income category for the 10-year period. The Agency will need to continue to monitor and target it's funding to ensure continuing compl ian ce with the expenditure requirements for the duration of the Redevelopment Plan. 3 The intent of the legi slation was to ensure that Housing Funds were not excl usively or extensively used by community senior housing proj ects and programs. Page 32 Table 4: Housing Expenditures and Proportionality Since 2001 -02 Fami li es I 1661 3 922 388 I 1221 773 044 I ol 1 ooo ooo I 3.51 57 248 I 43.51 5 085 264 I 01 548 ooo I Seniors 101 1900150 3 .5 9 901 11.5 104 882 7.5 87 821 8 148 023 2 3 9 16 TOTAL I 2671 5,822,538 I 125 .51 78 2,945 I 11.51 1,104,882 I 11 145,069 52 5 233 287 2 551 916 Income Cate1mn Verv Low 74 1315043 10 63 678 0 127 355 8.5 139 032 40.5 4 182126 0 447 048 Low 88 2 475 407 61.5 526 141 11.5 591 274 2.5 6 037 11 1 051 161 2 104 868 Moderate 106 2 032 088 54 193 126 0 386 252 0 -0 -0 - TOTAL 26 7 5,822,538 125 .5 782,945 11 .5 1,104,882 11 145,069 5 1.5 5,233 ,287 2 5 51,916 REDEVELOPMENT PROJECT AREAS Five Year Implementation Pia~ :::0 2005 to 200_~ t::) ('l) ► w :::0 I.O ('l) en 0 g ~r z 0 3351 11 385 945 I 83%1 73 % N 0 133 .5 2 254 692 1 7% 27% 0 468.5 13 640,63 7 100% 100% I.O I N 0 132.5 6 274 282 46% 39% ...... 1 76.5 4 754 889 35% 28% +:- 159.5 2611467 19% 33% 468 .5 13,640,63 7 100% 100% Page 33 ) RDA Resolution No . 2009-2014 REDEVELOPMENT PROJECT l~'s 40 Five Year Implementation Plan 2005 to 2009 Future Housing Activities: FY 2009-10 through 2013-14 During the Implementation Plan period, the Agency will concentrate on housing activities that are most applicable to the Agency's goals and objectives. In developing its affordable housing program, the Agency has been guided by the goals and objectives of the City's Housing Element and General Plan, incorporated into this Plan by reference. Through its activities, the Agency will support and advance the overall Housing Element program. Housing Program While the Agency's Strategic Objective is to focus and prioritize its resources within redevelopment project areas, with few properties within these areas zoned for residential use or occupied by residential uses, limited opportunities exist to produce or rehabilitate housing for low and moderate-income households within the Project Areas. The implementation of the City's Balanced Communities Policy has continued to provide an opportunity for the Agency to leverage its resources to provide affordable housing. Should the Agency make progress towards its Strategic Objective to expand the Project Areas, the Agency will be in a better position to focus its resources within these Areas. Given the current recessionary circumstances and few properties within the Redevelopment Project Areas zoned for residential use, the Agency anticipates limited residential activity for FY 2009-10 through FY 2013- 14 within the Project Areas. The Agency does not anticipate assisting in the new construction of affordable housing units or the rehabilitation of housing units within the Project Areas. The Agency will partner with private entities to provide both new rental housing and rehabilitate existing rental units outside of the Project Areas, for a total of 272 housing units or 136 credits. To accomplish these activities, the Agency will expend approximately $9.9 million. Table 5: Low-Mod Housing Fund Spending Plan -Citywide New Construction of Housing Rehab of Multifamily Housing First Time Homebuyer Subtotal Outside of Project Areas New Construction of Housing 4,000,000 71 4,500,000 so 8,500,000 Rehab of Multifamily Housing 1,384,5 00 15 1,384,500 First Time Homebuyer 4,000,000 71 5,884,500 65 9,884,500 TOTAL 4,000,000 71 5,884,500 65 9,884,500 Notes: 121 15 136 136 <1> All anticipated production/rehabilitation of affordable housing units is anticipated to be outside of the Project Areas. The unit count above reflects th e actual credit of 136 units based upon 272 affo rd ab le units actually provided (2 units for 1 credit outside of the Project Area). Page 34 RDA Resolution No. 2009-2014 Page 41 The Agency intends to expend a proportionate amount of these funds for the various income categories and senior households . Funds will be allocated from FY 2009-10 through 2013-14 in accordance with the targeted need as fol lows. The targeted percentage is slightly higher than the proportionate share of need outlined within the Housing Element to balance the proportionate share of prior years' expenditures. Table 6: Low-Mod Housing Fund Spending Plan by Household Type H h Id T Proportionate ouse o ype T t arge Ver Low In come 50% Low Incom e 31 % Moderate Income 19% Senior Housing 19% TOTAL Housing Revenue Based upon the existing Low-Mod Fund balance of $10.2 million (as of June 30, 2009) and the estimated revenue received by the Agency from 2009-10 through 2013-14, approximately $25,582,355 will be avai lable to fund the Agency's Housing Program. For FY 2009-10, approximately $3 million was deposited into the Low-Mod Fund for e li gib le housing activities. Over the five-year period ending on June 30, 2014, staff conservatively estimates that the Project Areas wi 11 generate approximately $1 5 .3 mi 11 ion in 20 percent housing set aside revenue . The details of these projections are provided in Appendix B. Table 7: Low-Mod Fund Revenue Low and Moderate Income Housing Fund 2009-10 2010-11 2011-12 2012-13 2013-14 TOTAL Total Annual Deposits Bavfront/T own Center I $1,002,432 $1,022,481 $1,042 ,930 $1,063,789 $1,085,065 $ 5,216,696 Merged Amended Chula Vista $1,942,645 $1,981,498 $2,021,128 $2,061,550 $2,102,781 $ 10,109,603 Interest & Other Income 111 $5,345 $6,240 $6,046 $5,845 $5,638 $ 29,114 Revenue: 2009-10 to 2013-14 $2,950,422 $3,010,219 $3,070,104 $3,131,184 $3,193,484 $ 15,355,413 Exist ing Balance as of 06/30/2009 $10,226,942 TOTAL FUNDS -· $ 25,582,355 Notes: 111 In terest is on ly from Civic Center Barrio Housing interest payments per the amortization schedule. State Budget Legislation Due to the magnitude of the State's ongoing structural budget deficit, the State has taken legislative actions in the past four fiscal years that has impacted avai lab le property tax revenues for California redevelopment agencies. The State adopted Assembly Bill 26 4x (AB 26 4x) to shift approximate ly $2.05 billion, $1.7 billion in FY 2009-10 and $350 million in FY 2010-11 in property tax revenues from California redevelopment agencies , which will be deposited in county "Supplemental" Educational Revenue Augmentation Funds (SERAF) to be distributed to meet the State's Proposition 98 obligations to schools. For FY 2009-10, agencies may "suspend" all or part of the required 20% allocation to its Low-and Moderate- In come Housing Fund (Low-Mod Fund) or borrow from the Low-Mod Fund in order to make the payment. The Low-Mod Fund must be repaid by June 30, 2015. Page 35 ) RDA Resolution No. 2009-2014 Page 42 For FY 2009-10, the Agency's SE RAF payment is approximate ly $4.1 million . To make the Agency's payment on the Supp lemental Educational Revenue Augmentation Funds (SERAF), a $2.9 million loan from the Agency's Low-and Moderate-Income Housing Fund wi ll be necessary . Proposed legislation would give the Agency authority to borrow an additiona l $1 .2 million from the Low-Mod Fund to make the full $4.1 million SERAF payment. Any loan from the Low-Mod Fund wou ld require approval by the Agency Board. Continuing shifts of funds from the Redevelopment Agency and loans from its Low-Mod Funds wi ll temporarily reduce the funds availab le to produce affordable housing opportunities for those low and moderate-income households within the community. The funds borrowed from the Low-Mod Fund will be repaid within five years . Page 36 RDA Resolution No. 2009-2014 Page 43 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 PPENDIX D: 'REDEVELOPMENT PROJECT AREAS -4 The table below shows a summary of Chula Vista's Redevelopment Project Areas and their corresponding dates of adoption and plan duration. Existing Redevelopment Project Areas Merged Chula Vista Adoption Date Plan Duration Redevelopment Project Area Town Centre II Original 8/15/1978 8/15/2021 Town Centre II Amended 7/19/1988 7/19/2029 Otay Valley 12/29/1983 12/29/2026 Southwest Original Adopted 11/27/1990 11/27/3031 Southwest Amended 7/9/1991 7/9/2032 2004 Added Area 5/4/2004 5/4/2034 Merged Bayfront/T own Centre I Adoption Date Plan Duration Redevelopment Project Area Bayfront Original 7/16/1974 7/16/2017 Bayfront Amended 6/23/1998 6/23/2029 Town Centre I 7/6/1976 7/6/2019 Implementation Plan 2010 to 2014 Housing Compliance Plan 2004-05 to 2013-14 (For affordable housing program planning) Page 37 ) RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT A~44 Five Year Impl ementation Plan 2010to2014 Merged Bayfront/T own Centre I Redevelopment Project Area In Jul y 1979, the Agency merged the Bayfront Original and Town Centre I Redevelopment Project Areas. Bayfront -Project Area Profile LAND AREA: BOUNDARY: LAND USE: GENERAL CHARACTERISTICS: DA TE ADOPTED: DA TE OF AMENDMENTS: TERM LIMIT: TAX INCREMENT LIMIT: REVENUE TERM: BONDED INDEBTEDNESS LIMIT: CURRENT GROSS TAX INCREMENT FLOW: Approximately 637 acres (Original Bayfront Redevelopment Area) Approximately 398 acres (Added Bayfront Redevelopment Area) The Project Area is bounded by Interstate 5 on the east, San Diego Bay on the west, State Route 54 to the north, and L Street to the south Includes: Indu stria l Commercial Conference Center/Resort Residential National Wildlife Refuge Public and Quasi-Public Uses Historically, this area had a variety of land uses ranging from industrial to farming. Large sections of the project area, notably the Mid-Bayfront and D Street Fill are undeveloped and lack infrastructure improvements. The Bayfront is home to a marina, park, and Goodrich Indu stries. It also contains valuable wetland resources and provides access to the Bay. Jul y 16, 1974 (Ordinance 1541 -Original Area) June 23, 1998 (Ordinance 2734 -Added Area) 1st Amendment 2 nd Amendment 3rd Amendment 4th Amendment 5th Amendment 6th Amendment 7th Amendment 8th Amendment July 16, 2017 (Original Area) June 23, 2029 (Added Area) $210 million (Original Area) No Limit (Added Area) July 16, 2027 (Original Area) June 23, 2039 (Added Area) $50 million (Original Area) No Limit (Added Area) $2,064,886 07/17/1979 (Ord . 1872) 04/22/1986 (Ord. 2146) 01/04/1994 (Ord . 2585) 11/08/1994 (Ord . 2608) 06/23/1998 (Ord . 2734) 01/13/2004 (Ord. 2948) 02/03/2004 (Ord . 2950) 07/25/2006 (Ord. 3038) SOURCE : County of San Diego Offi ce of the Auditor and Controll er 'Estimated Ta x in crem ental Reve nu e Fi sca l Yea r 2009-201 o• Page 38 RDA Resolution No. 2009-2014 Page 45 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010to2014 Town Centre I -Project Area Profile LAND AREA: BOUNDARY: LAND USE: GENERAL CHARACTERISTICS: DA TE ADOPTED: DATE OF AMENDMENTS: TERM LIMIT : TAX INCREMENT LIMIT: REVENUE TERM: BONDED INDEBTEDNESS LIMIT: CURRENT GROSS TAX INCREMENT FLOW: 138 acres Third Avenue is the Project Area's central north-s outh circulation spine. E Street bounds the project to the north and I Street is the Project's southern boundary. The east-west boundaries vary, extending to Fourth Avenue at its farthest point west and to Del Mar Avenue at its farthest point east. High and Medium-High Density Residential Professional and Administrative Commercial Includes : Retail and Service Commercial Public and Quasi -Public Uses This area serves as the valuable Chula Vista historic downtown . Town Centre I is home to the Third Avenue business corridor, San Diego South County Superior and Municipal Court Complex, Norman Park Senior Center, and Memorial Park, as well as a variety of commercial offices, retail and service commercial uses, and residential units. July 6, 1976 (Ordinance 1691) 1st Amendment 2 nd Amendment 3rd Amendment 4th Amendment 5th Amendment 6th Amendment 7th Amendment 8th Amendment 9th Amendment July 6, 2019 $84 million July 6, 2029 $20 million $2,635,400 07/17/1979 (Ord. 1872) 04/22/1986 (Ord . 2146) 01/04/1994 (Ord. 2585) 11/08/1994 (Ord . 2609) 06/23/1998 (Ord. 2735) 01/13/2004 (Ord. 2948) 02/03/2004 (Ord. 2950) 07/25/2006 (Ord. 3038) 04/26/2007 (Ord . 3071) SOURCE: County of San Diego Office of the Auditor and Controller "Estimated Tax incremental Revenu e Fiscal Year 2009-2010" Page 39 ) RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT A~~46 Five Year Impl eme ntation Plan 2010 to 20 14 Merged Chula Vista Redevelopment Project Area In August of 2000, Town Centre II Original, Town Centre II Added, Otay Valley, Southwest Origina l, and Southwest Added were financially merged. In May 2004, the Agency adopted the Amended and Restated Redevelopm ent Plan for the Merged Chula Vista Redevelopment Project Area, inclusive of the new Added Redevelopment Project Area, consolidating the separa te redeve lopment plans into a single document. Th e 2004 Added Area increased the size of the Merged Chu la Vista Redevelopment Project Area to 2,390 acres. Town Centre II Project Area Profile LAND AREA: BOUNDARY: LAND USE: GENERAL CHARACTERISTICS: DA TE ADOPTED: DA TE OF AMENDMENTS: TERM LIMIT: TAX INCREMENT LIMIT: REVENUE TERM: BONDED INDEBTEDNESS LIMIT: CURRENT GROSS TAX INCREMENT FLOW: Approximately 65 Acres (Original Town Center II Redevelopment Project Area) Approximately 76 Acres (Added Town Center II Redeve lopment Project Area) The Project Area consists of eight separate areas in northwest Chu la Vista, including the Chula Vista Shopping Center; and a separate area located in southwest Chu la Vista. Includes: Professional and Administrative Commercial, Retail and Service Commercial The Project Area consists of a variety of primarily commercial land uses , including the major H Street business corridor, the region's major shopping mall, the new WalMart Center, the City's existing Corporate Yard, and institutional land uses . August 15, 19 78 (Ord. 1827 -Original Area) July 19, 1988 (Ord. 2274 -Added Area) 1st Amendment 05/19/1987 (Ord. 2207) 2nd Amendment 3rd Amendment 4th Amendment 5th Amendment 6th Amendment 7th Amendment 8th Amendment August 15, 2021 (Original Area) July 19, 2029 (Amended Area) $42.5 million August 15, 2031 (Original Area) July 19, 2039 (Amended Area) $100 million $1,485,862 07/19/1988 (Ord. 2274) 11/08/1994 (Ord. 2610) 08/22/2000 (Ord. 2817) 01/13/2004 (Ord.2947) 02/03/2004 (Ord. 2949) 05/04/2004 (Ord. 2962) 07/25/2006 (Ord. 3039) SOURCE: County of San Diego Office of the Auditor and Controller "Estimated Ta x in crementa l Revenue Fiscal Year 2009-20 1 O" Page 40 RDA Resolution No. 20 09 -2 014 Page 47 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 Otay Valley Project Area Profile LAND AREA: BOUNDARY: LAND USE: GENERAL CHARACTERISTICS: DA TE ADOPTED: DATE OF AMENDMENTS: TERM LIMIT: TAX INCREMENT LIMIT: REVENUE TERM: BONDED INDEBTEDNESS LIMIT: CURRENT CROSS TAX INCREMENT FLOW: Approximately 77 1 acres (includes public rights-of-way, 750 acres net East of 1-805 Land Fill Wetland Public Streets Light Industrial 265 acres 163 acres 21 acres 322 acres This area represents the largest resource of under-deve loped urbanized property in the City which can be used for industrial development, thereby improving the City's employment and economic base. December 20, 1983 1'1 Amendment 2 nd Amendment 3rd Amendment 4 th Amendment 5th Amendment 6th Amendment December 29, 2026 $115 million December 29, 2036 $45 million $2,334,833 11/08/1994 (Ord 2611) 08/22/2000 (Ord 2818) 01/13/2004 (Ord 2947) 02/03/2004 (Ord 2949) 05/04/2004 (Ord 2962) 07/25/2006 (Ord 3039) SOURCE: County of Sa n Diego Office of the Auditor and Controller 'Est im ated Tax incremental Revenue Fiscal Year 2009-2010 Page 41 ) RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT j~~48 Five Year Impl ementation Plan 2010 to 2014 Southwest Project Area Profile LAND AREA: BOUNDARY: LAND USE: GENERAL CHARACTERISTICS DA TE ADOPTED: DATE OF AMENDMENTS: TERM LIMIT: TAX INCREMENT LIMIT: REVENUE TERM: BONDED INDEBTEDNESS: CURRENT GROSS TAX INCREMENT: Approximately 1,064 Acres (Original Southwest Redevelopment Area) Approximately 4 Acres (Added Southwest Redevelopment Area) The boundaries of the Project Area comprise a lar ge territory generally located a lon g Interstate 5 (1 -5 ), Broadway Avenue, south Third Avenue, and the Main Street corridors. The boundaries follow a se lective path and therefore are very irregular. Includes: Industrial Commercial Residential Public and Quasi-Public U ses The Project Area consists primarily of light indu strial and retail commercial uses . Severa l residential enclaves are dispersed throughout the Project Area including the Broderick's Otay Acres area south of Main Street and east of Mace Street, the Woodlawn Park area on the north side of Main Street and west of Melrose Avenue, the Jacqua Street area, the West Fairfield area, and the Walnut Street area. 11/2 7/1990 (Ord. 2420 -Original Area) 07/09/1991 (Ord. 2467 -Added Area) 1st Amendment 2 nd Amendment 3rd Amendment 4th Amendment 5th Amendment 6th Amendment 7th Amendment November 27, 2031 (Original Area) July 9, 2032 (Added Area) 07/09/1991 (Ord 2467) 11/08/1994 (Ord 2612) 08/22/2000 (Ord 2819) 11/19/2002 (Ord 2888) 01/13/2004 (Ord 2947) 02/03/2004 (Ord 2949) 05/04/2004 (Ord 2962) $15 million per year, to be adjusted annual ly based on the Consumer Price In dex. November 27, 2041 (Original Area) July 9, 2042 (Added Area) $150 million outstanding at one time, to be adjusted annually based on the Consumer Price Index since 1990 . The adjusted limit for 1999 is $186.1 * million $3,455,342 SOURCE: County of San Diego Office of th e Auditor and Controller "Estimated Tax incremental Revenue Fi scal Yea r 2009-2010 Page 42 RDA Resolution No. 2009-2014 Page 49 REDEVELOPMENT PROJECT AREAS Five Year Implementat ion Plan 2010 to 2014 2004 Added Project Area Profile LAND AREA: BOUNDARY: LAND USE: GENERAL CHARACTERISTICS: DA TE ADOPTED: DATE OF AMENDMENTS: TERM LIMIT: TAX INCREMENT LIMIT : REVENUE TERM: BONDED INDEBTEDNESS LIMIT : CURRENT GROSS TAX INCREMENT FLOW: Approximate ly 494 acres Along major commercial and industrial roadways in the western part of Chu la Vista (Broadway, Third Avenue, E Street, H Street, and other pocket areas in the northern part of the City) Commercia l Light Industrial This area follows major commercial and industrial roadways in the western part of Chula Vista (Broadway, Third Avenue, E Street, H Street, and other pocket areas in the northern part of the City) to provide continuity to the Agency's redeve lopment efforts such as infrastructure and capital project improvements. May 4, 2004 (Ord 2962) None to date May 4, 2034 No Limit May 4, 2049 $175 million $2,055,294 SOURCE: County of San Diego Office of th e Auditor and Controller 'Estimated Tax incrementa l Revenu e Fi sca l Yea r 2009-2010 Page 43 ) Page 44 This page is intentionally blank. RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT A~SO Five Year Impl ementation Plan 2010to2014 RDA Resolution No. 2009-2014 Page 51 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 APPENDIX E: REDEVELOJ»MENT REVENUES (2005-2009) :-;z•.::-·t' The Agency projects net tax increment revenues equaling approximately $21 million from FY 2009/10 through 2013/14 to fund necessary administrative activities and projects/programs. The revenue sources include: • Annual tax increment revenues • Bond issuance proceeds • Other Agency and non -Age ncy financial resources The following tax increment revenue projections are based on current assessed values in the project areas and an annual growth rate of two percent for those values. They do not account for future redevelopment projects which will significantly increase tax increment generation in the project areas. DESCRIPTION Gross Tax Increment Less: Pass-Through Payments Less: Housing Set-Aside Less: Debt Obligations Less: Loan Repayment (to General Fund) Less: ERAF Net Tax Increment Available for Admin & Projects/Programs DESCRIPTION Gross Tax Increment Less: Pass -Through Payments Less: Housing Set-Aside Less: Debt Obligations Less : Loan Repayment (to General Fund) Less : ERAF Net Tax Increment Available for Admin & Projects/Programs Page 45 FY 2009/10 to 2013/14 Projected Revenues Available for Merged Bayfront/Town Centre I 5,012,162 5,112,405 5,214,653 5,318,946 510,598 520,810 531,226 541,851 1,002,432 1,022,481 1,042,931 1,063,789 2,141,906 2,140,204 2,138,235 2,134,959 472,955 0 0 0 0 306,338 353,322 353,322 884,271 1,122,572 1,148,940 1,225,026 FY 2009/10 to 2013/14 Projected Revenues Available for Merged Chula Vista 9,713,223 9,907,487 10,105,637 10,307,750 2,109,198 2,151,382 2,194,410 2,238,298 1,942,645 1,981,497 2,021,127 2,061,550 1,599,180 2,109,455 2,105,009 2,113,654 2,309,887 0 0 0 0 593,662 685,860 685,860 1,752,313 3,071,491 3,099,231 3,208,388 TOTAL 5,425,325 26,083,492 552,688 2,657,172 1,085,065 5,216,698 2,132,840 10,688,143 0 472,955 353,322 1,366,303 1,301,411 5,682,220 TOTAL 10,513,905 50,548,003 2,283,064 10,976,35 1 2,102,781 10,109,601 1,283,256 9,210,554 0 2,309,887 685,860 2,651,242 4,158,944 15,290,367 ) Merged Bayfront / Town Centre I Merged Chula Vista TOTAL Page 46 RDA Resolution No. 2009-2014 REDEVELOPMENT PROJECT A~%52 Five Year Implementation Plan 2010to2014 FY 2009/10 to 2013/14 Projected Net Tax Increment Revenues Available for All Project Areas 884,271 1,1 22,572 1,148,940 1,225,026 1,301,411 5,682,220 1,752,3 13 3,071,491 3,099,231 3,208,388 4,158,944 15,290,367 2,636,584 4,194,063 4,248,171 4,433,414 5,460,355 20,972,588 RDA Resolution No. 2009-2014 Page 53 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 ,ABRENDIX F: 2005-2009 ACCOMPLISHMENTS The 2005-2009 Redevelopment Implementation Plan divided the redevelopment project areas into three geographic focus areas. In the current 2010-2014 Redevelopment Implementation Plan, the report has been reorganized to track plans, policies, programs and projects by the two merged Redevelopment Project Areas: Bayfront/Town Centre I (comprised of the Bayfront Original, Bayfront Amended, Town Centre I Original and Town Centre I Amended project areas) and Merged Chula Vista (comprised of the Town Centre II Original, Town Centre II Amended, Otay Valley, Southwest Original, Southwest Amended and 2004 Added Area project areas). To track the accomplishments from the previous five year cycle, the list has been organized by the three geographic focus areas. However, to provide transition to the 2010-2014 Redevelopment Implementation Plan, a column has been added to show the location and the current status of the work program. ALL GEOGRAPHIC FOCUS AREAS COMPREHENSIVE PLANNING DOCUMENTS & PROCESSES Public Outreach and Education Develop an outreach and education program to provide the community with information regarding the purpose and benefits of redevelopment, the Agency's role, tools used, and specific development proposals. D Provide general and technical information to community organizations other civic groups. □ Implement an ongoing process of educating and encouraging input from the community regarding specific development proposals. Expansion of the Chula Vista Redevelopment Project Areas Adding territory to the existing Merged Chula Vista Redevelopment Project Area would strengthen the Agency's ability to leverage Low- Mod Funds for affordable housing, including new construction and land purchases, and further the Agency's legislative charge to remove blight. □ Adoption of a Survey Area Proportionate Increase of 20% Housing Set-Aside Conduct a policy study for developing an accounting system that proportionately increases the annual amount of tax increment that is deposited into the Low-Mod Fund as tax increment revenues reach specified goal levels. This project would further the Agency's ability to facilitate the creation of affordable housing and meet its state-mandated housing obligations. D Policy study to analyze the accounting structure and identify appropriate tax increment thresholds for set-aside increases. Page 47 All Project Areas All Project Areas All Project Areas Ongoing Continued to 2010-2014 Work Plan Not Implemented ) RDA Resolution No. 2009 -2014 REDEVELOPMENT PROJECT J~~ 54 Five Year Implementation Plan 2010to2014 NORTH GEOGRAPHIC FOCUS AREA PLANS & POLICIES Environmental Remediation □ Coordinate and work with individual property owners as contaminated sites are identified for the remediation of hazardous materials to create a viable development site. KEY CATALYST PROJECTS Third Avenue Redevelopment Opportunities The development or redevelopment of vacant or underdeveloped properties located along the Third Avenue corridor from E Street to the North and G Street to the South. □ Negotiate and complete four Agreements for mixed-use retail and residential developments. □ Facilitate the completion of 60,000 sq. feet of new retail/commercial development. E Street & Woodlawn Redevelopment Opportunities The redevelopment of underdeveloped properties located sout h of E Street along Woodlawn Avenue to provide a mixed-use retail and residential development. □ Pursue Agreements with property owners and developers to provide the Agency with the ability to explore, initiate, and enter into different types of development agreements for future redevelopment projects. Scripps Hospital □ Assist Scripps hospital in developing a business plan to maintain the presence of quality medical facilities in the Northwest area of the City. H Street Corridor Study ... Develop a pathway for making the H Street Corridor a reinvigorated and vibrant regional com m ercia l and retail area by developing st rategies to retain and grow existing businesses and identify and attract new jobs and industries . □ Conduct a study of four key issue areas affecti ng eco nomic and real estate development opportunities in the H Street Corridor, between Fourth Avenue and the 1-5 Freeway, including: (1) Strategic vision and implementation plan for creating new jobs of high economic value generated from sources external to the City (new jobs); (2) Analysis of the core economic, social, and transportation linkages between the develo in Ba front and the Urban Core commercial Page 48 All Project Areas Merged Bayfront/ Town Centre I (Town Centre I) Project Area Merged Chula Vista (Town Centre II) Project Area Merged Chula Vista (Town Centre 11) Project Area Merged Chula Vista (Town Centre 11) Project Area Ongoing Continued to 2010-2014 Work Plan Continued to 2010-2014 Work Plan Continued to 2010-2014 Work Plan Continued to 2010-2014 Work Plan RDA Resolution No. 2009-2014 Page 55 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 ','!I~~,,. • :fl:·,.\,,,, •! •,,.. ~ , •~•·•,v,.,.,"'"·•" "i':ml,/f••i·~•;, ,gal >;f" ,,,.,,\ ' . ...,,,. ., , . ·1' ,. ' ', ,', '•J ·•' ~r -·-·,· ·•c:❖··c ·1&·0b' f 'J,,..-., i ··~·•-~~~-~, Red I " t '' , .. ·.· !IIL .•.. '.-0 , \:i,.J'..,.~ oas 1 1ec1ves ,·.;.t··i,. •: .. ·;,;;, ·::t~ ~i· eveopmen . -:1..:20095t t ·": nlg, •,,<~•, .. -~~~i...-::, ',., ·i~h.\-.a• • ., ,, .;,,,,,~,,.~ ,,,,, .... t • z .-~ ... '.l: .. , tA.. -t•'~c· '"' aus """JJ'tli1:~:.r-.~•-' ~~'9~~dl:~lmplementmg Programs . · ·.: · · ·.'. '. :·. -,_.., :,,~;-.:·: •·f Pro1ect Area r;"_i; ·. ,-'" ... .:.. ·, , ' '. ' '\ '-, ..... • "'' ' _; ( ' ~ " ', ~,.. ,~,~~..,. "' ', .... ..,,,. ' '. z f ~ areas along Third Ave; (3) Analysis and recommendations for the Scripps Health Complex and the Chula Vista Shopping Mall; and (4) Alignment of economic development priorities with appropriate urban design and transit along the Corridor. Gateway Chula Vista Merged □ Complete construction of 100,000 sq. feet of commercial/office and Bayfront/T own Centre I retail as the third phase of the Gateway project. (Town Centre I) Project Area AFFORDABLE H OUS I NG Seniors on Broadway Merged Chula □ Complete the Seniors on Broadway housing project : 41-units of rental Vista housing for extremely low and very low income seniors in the (Added) Southwest Project Area (825 Broadway b/w Sierra Way and K Street). Project Area New Construction of Housing □ The Agency will work to acquire property for the purpose of assisting All Project Areas in the construction of 100 affordable rental units for very low and low income households . WEST GEOGRAPHIC FOCUS AREA PLA N S & POLIC I ES Bayfront Redevelopment -Planning Support Bayfront master planning between the Port of San Diego and the City of Chula Vista to create comprehen sive, up-to-date, and streamlined policies and initiatives for the Bayfront Project Area. Support City efforts to prepare and apply policy and legislative documents that enable the implementation of the Chula Vi sta Bayfront Master Plan elements located within the City's jurisdiction . □ Amend the existing Bayfront Redevelopment Plan to align land use policies and procedures with the proposed Bayfront Master Plan. □ Support the California Coastal Commission Approval of Local Coastal Plan Amendment (LCPA) and Port Master Plan Amendment (PMPA). □ Support efforts by the developer and the Port to obtain State Lands Approval. Bayfront Redevelopment -Infrastructure Improvements The Bayfront area lacks the necessary public infrastructure to support the redevelopment of the area to more intense land uses as proposed Page 49 Merged Bayfront/T own Centre I (Bayfront) Project Area Merged Bayfront/T own Centre I Continued to 2010-2014 Work Plan Completed Ongoing Continued to 2010-2014 Work Plan Continued to 2010-2014 Work Plan ) within the Bayfront Master Pl an . The redevelopment of the Bayfront area is a joint effort between the Port of San Diego and the City of Chula Vista . □ Coordinate with the Port and the City's Engineering and General Service s Departments to complete an as ses sment of the current public infrastructure needs. Coordinate with the Finance and Engineering Departments to develop the City's the Financing Plan for the necessary improvements . Goodrich Goodrich has con solidated its operations within the Northern A rea of the Bayfront. The consolidation now allows the redevelopment of their former site of operation. □ Complete activities for the tran sfer of the Rados property to Goodrich as required by the Agreement to allow for the consolidation within its North Campus and the vacancy of its former operations. □ Demolish and remove vacant buildings located at Goodrich's former operations . □ Environmental cleanup of groundwater contamination in the West Geographic Focus Area . KEY CATALYST PR OJ ECTS Residential Development Construction of up to 2,000 units of residential units within the Bayfront master planning area . □ Entitle th e residentially z oned land of the Bayfront Master Plan area . RDA Resolution No. 2009 -2014 REDEVELOPMENT PROJECT l~<s 56 Five Year Implementation Plan 2010to2014 (Bayfront) Project Area Merged Bayfront/T own Centre I (Bayfront) Project Area Merged Bayfront/T own Centre I (Bayfront) Project Area Completed Continued to 2010-2014 Work Plan SOUTH GEOGRAPHIC FOCUS AREA P LANS & POLIC I ES Southwest Specific Plan Facilitate the financing and preparation of a Specific Plan for the Southwest to provide for appropriate land uses and development standards to facilitate the development and redevelopment of properties within the area . Page 50 Merged Chula Vista (Southwest) Project Area Continued to 2010-2014 Work Plan RDA Resolution No. 2009-2014 Page 57 □ Work with the Finance Department and the Office of Budget & Analysis to develop a financing plan for the development of the Southwest Specific Plan and initiate the development of the Plan. □ Support City efforts to complete the Southwest Specific Plan. Environmental Remediation □ If awarded EPA Brownfield Assessment Grant, complete Phase I site assessments for Southwest Project Area . □ Submit an application for EPA Revolving Loan Fund Grant Program to complete Phase II site assessments and cleanup . REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010to2014 Merged Bayfront/T own Centre I (Bayfront) Project Area Continued to 2010-2014 Work Plan P UBLIC IN F R AST R UCTU R E & A M EN IT IES Main Street Improvement Plan □ Agency will coordinate with the Engineering Department to complete an assessment of current deficiencies and an improvement plan to address identified deficiencies. The Agency will also coordinate with the Finance Department and Engineering to develop a Financing Plan for the necessary improvements. K EY CAT A L Y ST PR O J ECTS Redevelopment Opportunities □ Identification of key strategic sites, which are vacant, stagnant or underutilized, to stimulate redevelopment Auto Park Expansion □ Complete construction of directional signs for Auto Park, including visible freeway signage. Auto & Construction Material Recycling Areas ... The Otay Valley Project Area is home to numerous automobile and construction material recycling businesses. These businesses provide a needed service, but there may be higher and better uses for this location of the City. □ Conduct a feasibility study for the Otay Valley Project Area to: (1) Determine if other land uses , such as expansion of the auto park or development of new industrial or business parks, may be a better use of some or all of the Project Area; (2) Analyze the compatibility of existing and potential future land uses with the surrounding community; and (3) Examine Page 51 Merged Chula Vista (Southwest) Project Area Merged Chula Vista (Southwest) Project Area Merged Chula Vista (Otay Valley) Project Area Merged Chula Vista (Otay Valley) Project Area Continued to 2010-2014 Work Plan Continued to 2010-2014 Work Plan Continued to 2010-2014 Work Plan Not Implemented ) how existing and potential land uses fit into the overall economic development strategy for the City . Landfill Annexation··· The City has an agreement with the County of San Diego that allows the City to annex and acquire approximately 54-acres of land adjacent to the landfill. D Conduct a study to determine if development of a business or industrial park at this location could create a competitive advantage in recruiting private, knowledge-based technology companies to Chula Vista . Because of its location within the Otay Valley Project Area and proximity to numerous auto recycling businesses, study complements the analysis of the existing automobile and construction material recycling uses. A FF O RDABLE H O U SIN G Affordable Housing Program Expand housing opportunities for low and moderate-income residents by partnering with affordable housing developers and providing assistance for the new construction of approximately 240 dwelling units. □ Complete construction of 120 new low or moderate-income dwelling units . Page 52 RDA Resolution No. 2009-2014 Page 58 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010to2014 Merged Chula Vista (Otay Valley) Project Area Merged Chula Vista (All Sub-areas) Project Area Continued to 2010-2014 Work Plan Continued to 2010-2014 Work Plan RDA Resolution No. 2009-2014 Page 59 AFFORDABLE HOUSING ACCOMPLISHMENTS Within Redevelopment Project Areas BRISA DEL MAR (Southwest) • New construction of 106 family rental units • 10 units for very low income households at 50% AMI and 96 units for low income households at 60% AMI • $1.5 million in Redevelopment Low-Moderate Income Housing Set Aside funds and $300,000 in HOME funds • 1695 BroadwaY • Completed in December 2005 REDEVELOPMENT PROJECT AREAS Five Year Implementation Plan 2010 to 2014 MAAC Seniors on Broadway (Southwest) • New construction of 42 rental housing units for seniors • 5 units at 30% of AMI, 16 units at 45% of AMI and 20 units at 50% AMI • 845 Broadway • $3,511,195 in HOME funds • Completed in January 2008 Los Vecinos (Southwest) • New construction of 42 rental housing units • 5 units at 30% AMI, 7 units at 45% AMI, 21 units at 50% AMI and 8 units at 60% AMI • 1 501 Broadway • $5,680,000 in Redevelopment Low-Moderate Income Housing funds • Completed in April 2009 Outside of Redevelopment Project Areas Landings I • New construction of 92 rental units • 2122 Burdock Way with in the Winding Walk master planned community • 26 units at 50% AMI and 106 units at 60% AMI • $1,100,000 in HOME funds • Completed in November 2008 Page 53