Loading...
HomeMy WebLinkAbout02 MID-TERM REPORT & PUBLIC HEARING FOR THE MCAS TUSTIN REDEVELOPMENT PROJECT AREAAgenda Item ~ Reviewed: AGENDA REPORT City Manager Finance Director N A MEETING DATE: AUGUST 2, 2011 TO: WILLIAM A. HUSTON, INTERIM RDA EXECUTIVE DIRECTOR AND INTERIM CITY MANAGER FROM: REDEVELOPMENT AGENCY STAFF SUBJECT: MID-TERM REPORT AND PUBLIC HEARING FOR THE MCAS TUSTIN REDEVELOPMENT PROJECT AREA 2ND FIVE YEAR IMPLEMENTATION PLAN SUMMARY California Health & Safety Code Section 33000 et. seq. (California Community Redevelopment Law, the "CRL") requires a redevelopment agency to conduct a public hearing at least once during the five year term of any redevelopment agency Five Year Implementation Plan to review progress in meeting goals and objectives. This Mid- Term Report discusses the 2"d Five Year Implementation Plan for the MCAS Tustin Redevelopment Project. RECOMMENDATION It is recommended at a Joint Meeting of the Tustin Community Redevelopment Agency ("Redevelopment Agency") and City Council that: The Agency: a. Open a Public Hearing and request a presentation from staff on the Agency's Mid-Term Report of, and Modification to, the 2nd Five Year Implementation Plan for the MCAS Tustin Redevelopment Project Area. b. Receive public testimony. c. Close hearing. d. By minute action, receive and file a copy of the Agency's Mid-Term Report on the 2nd Five-Year Implementation Plan for the MCAS Tustin Redevelopment Project Area. 2. The City Council by minute action receive and file a copy of the Agency's Mid-Term Report for 2nd Five Year Implementation Plan for the MCAS Tustin Redevelopment Project Area. Agenda Report -Mid Term Report August 2, 2011 Page 2 FISCAL IMPACT No direct fiscal impact associated with the approval of the Mid-Term Report, except for staff time and costs associated with its preparation. BACKGROUND/DISCUSSION On August 5, 2008, the Redevelopment Agency and City Council adopted the 2nd Five Year Implementation Plan for the MCAS Tustin Redevelopment Project Area for Fiscal Years 2008-2009 to 2012-2013 (RDA Resolution 08-04 and City Council Resolution 08- 53). The Implementation Plan set forth the Agency's specific goals and objectives for non-housing and housing activities in the Project Area including anticipated programs, projects and expenditures that would eliminate blight in the redevelopment project area. The housing activities were directed towards increasing, improving and preserving the community's supply of low and moderate-income housing. While identification of specific programs including projects and estimates of expenditures is required under CRL, the Implementation Plan should be viewed as a policy and program document. The intent was not to restrict the Agency's activities since the conditions, expectations, resources, and needs of the Project Area can change over time. Rather, the 2"d Five Year Implementation Plan outlined the expectations of the Agency for the five years between FY 2008/09 and FY 2012/13. CRL requires that the Redevelopment Agency conduct a public hearing to review and hear public testimony from all interested parties at least once during the five-year period of the 2"d Five Year Implementation Plan. To comply with this requirement, staff has undertaken a review of the 2"d Five Year Implementation Plan and has evaluated the Agency's progress toward implementing the redevelopment activities and the affordable housing activities. The Redevelopment Agency public hearing was duly noticed pursuant to the requirements of Section 6063 of the Government Code as required by Section 33490(d) of the Health and Safety Code. A full copy of the Mid-Term Report documenting the Redevelopment Agency's progress and modifications to the 2nd Five Year Implementation Plan for the MCAS Tustin Redevelopment Plan is attached. Similar to the adopted 2"d Five Year Implementation Plan, the attached Mid-Term Report is broken into two sections: 1) non-housing activities and 2) affordable housing activities. What follows is a brief summary of progress to date. Agenda Report -Mid Term Report August 2, 2011 Page 3 ACTIVITIES, PROGRAMS AND PROJECTS Non-Housing Non-Housing activities have focused on the elimination of blighting conditions through development, community facilities, environmental remediation, public infrastructure and street improvement programs. Since the adoption of the 2nd Five Year Implementation Plan, a severe national recession significantly impacted implementation activities, directly and indirectly, including those public and private financial resources necessary for the implementation of activities and programs that were outlined in that Implementation Plan. Despite this economic downturn, the Redevelopment Agency has continued in its progress toward the elimination of blighting conditions through programs and projects completed since the adoption of the 2" Five Year Implementation Plan in 2008, as further detailed in the Mid-Term Report. Highlights of these non-housing programs and projects are as follows: • Certificates of Compliance were issued for the Tustin Field I and II projects. Both projects were completed in compliance with the Disposition and Development Agreements (DDAs) fora 376 residential unit and 189 residential unit developments. • Coordination of implementation activities associated with three Community Facilities Districts (CFD) totaling approximately $78 million. • Coordination of implementation activities associated with the issuance of MCAS Tustin Tax Allocation Bonds providing approximately $40 million in net proceeds that will be utilized for Tustin Legacy Backbone Infrastructure construction, with the priority being construction of the Tustin Ranch Road extension. • Completion of a Tustin Legacy Disposition Strategy for the Former Master Developer Footprint, which reframes the City's approach to marketing and developing the remaining City-owned Tustin Legacy property. • Continued oversight of property maintenance and security responsibilities on 850 acres of City-owned property until the property becomes fully developed. • Continued assistance with design, construction, right-of-way acquisition, environmental coordination of infrastructure projects at Tustin Legacy, as applicable, such as: o Tustin Ranch Road and Edinger Bridge Project Agenda Report -Mid Term Report August 2, 2011 Page 4 o Valencia Avenue extension from Kensington Drive to Tustin Ranch Road o Extension of Park Avenue north to Legacy Road o Legacy Road from Tustin Ranch Road east to Park Avenue o Valencia Avenue/Armstrong Roadway Project o The District at Tustin Legacy Infrastructure Projects o Phase I Newport Avenue Extension/Northbound SR 55 Ramp Reconfiguration/Edinger Avenue Widening o Warner Avenue design from Red Hill Avenue to Armstrong Avenue o Armstrong Avenue design from Warner to Barranca Parkway o Park Avenue design from Tustin Ranch Road to Armstrong o Tustin Legacy Community Park (24 acres) o Tustin Legacy Regional Park (84 acres) o New Fire Station 37 Facility at Kensington Drive and Edinger Avenue Continued coordination with the Department of the Navy, state and federal agencies regarding the Navy's ongoing environmental remediation activities to bring the sites into a useable condition. Housing The 2"d Five Year Implementation Plan described how specific goals, objectives and proposed projects, programs and expenditures would be implemented in addressing the low and moderate income housing requirements mandated by law. The following items are highlights of the status of housing implementations activities. • The Implementation Plan anticipated that 322 affordable ownership units would be created during its five year term largely as a result of development of some of the affordable ownership units at Columbus Square in Coventry Court and in Phase 1 of the former master development footprint. The 322 units were to be distributed as follows: 40 units for very low income households, 116 units for low income households, and 166 units for moderate income households. With the termination of the former master developer agreement in 2010 due to non-performance, there will be delays in achieving the total number of units anticipated originally in the 2"d Five Year Implementation Plan. • Subsidizing affordable ownership units is extremely costly, thus the Agency has begun exploring a less costly rental option to meet the affordable housing goals. The Tustin City Council also approved 153 affordable apartment units at Coventry Court, Agenda Report -Mid Term Report August 2, 2011 Page 5 a senior housing development in the Villages of Columbus, as a substitute for what was originally planned as an ownership project. Construction of 153 affordable apartment units has commenced and completion and occupancy of the project is anticipated before the end of the 2nd Five Year Implementation Plan. It is anticipated that at least 50 affordable units may be under construction before the close of the term of the 2"d Five Year Implementation Plan on other locations at Tustin Legacy. • No direct Agency funding was provided for the affordable units in the Villages of Columbus. The affordable units were developed because the City provided a density bonus, including variances of certain development standards which was considered a financial incentive by the developer. The last of the newly constructed ownership units in the Villages of Columbus were completed during the term of the 2"d Five Year Implementation Plan. • The 2"d Five Year Implementation Plan anticipated that 253 new affordable rental units would be constructed, including 126 units for very low income households, 64 units for low income households and 63 units for moderate income. These units were anticipated in the original TLCP master plan. While we are unable to anticipate when construction of all 253 units will be completed, we estimate that construction of 211 affordable apartment units may likely be initiated prior to the end of the Five Year Implementation Plan time period. • During the term of the 2"d Implementation Plan, the Agency has continued to review and approve re-sales of affordable units, review and approve refinancing of affordable units and monitor all affordable units on an annual basis for compliance with the affordable covenants associated with each property. The units currently being monitored are in Tustin Field I, Tustin Field II, Columbus Square and Columbus Grove. • The City has allocated $60,000 in CDBG funds to continue its financial support of homeless assistance and supportive services in the City. The City's goal for this program is to assist 200 homeless individuals per year during the 2nd Five Year Implementation Plan. It is estimated that 1,413 people have been assisted since July 1, 2008. RECENT LEGISLATION AFFECTING REDEVELOPMENT Modifications and impacts to this 2"d Five Year Implementation Plan will be negatively impacted by recent state legislation associated with the adoption of the state's budget including Trailer Bills A61X 26 ("Dissolution Bill") and AB1X 27 ("Voluntary Program Bill") which were signed into law by Governor Brown on June 29, 2011. Below is a brief Agenda Report -Mid Term Report August 2, 2011 Page 6 summary that indicates the impact of these bills on the Agency's 2"d Five Year Implementation Plan. • AB1X 26 ("Dissolution Bill") will dissolve Redevelopment Agencies ("RDA's") effective October 1, 2011. Until that time, RDA's are prohibited from taking any new actions other than payment of existing indebtedness and performance of existing contractual obligations. • AB1X 27 ("Voluntary Program Bill") provides that, notwithstanding the Dissolution Bill, any RDA may avoid dissolution by opting into a Voluntary Program permitting it to continue to operate and function if the City has adopted an opt-in ordinance by November 1, 2011, which would commit the Agency to making specified substantial annual payments into a Special District Allocation Fund ("SDAF") and Educational Revenue Augmentation Fund ("ERAF") established for each county and administered by the County Auditor-Controller largely to benefit local school and special districts. On July 18, the California Redevelopment Association (CRA) filed a petition asking the California Supreme Court to overturn the Dissolution Bill (AB1X 26) and the Voluntary Program Bill (AB1X 27) because they violate the state's constitution. An immediate stay of these bills will preserve the status quo pending a decision on the constitutionality of these laws. Concurrently, CRA requested that the Court issue a stay to prevent the legislation from going into effect until the Court renders its decision. Until the validity of the Dissolution Bill and Voluntary Program Bill are determined, the City has adopted Urgency Ordinance 1404 and introduced permanent Ordinance 1405 agreeing to comply with the Voluntary Program Bill. Failure of the City to adopt a Voluntary Program Ordinance would have resulted in the termination of the Tustin Community Redevelopment Agency (RDA) activities, requiring the turnover of Agency financial and property assets (including real estate assets) to a successor agency and preclusion of the RDA from proceeding with critical City priorities, including construction of Tustin Ranch Road. This would have been detrimental to the health, safety and economic well-being of residents of the City and caused irreparable harm to the community, because, among other reasons, the redevelopment activities and projects made possible, implemented, and funded by the RDA are highly significant and of enduring benefit to the community and City, and are a critical component of its future. The adoption of Ordinances 1404 and 1405 requires the City, utilizing redevelopment tax increment, to make a required payment. The current payment estimates for Tustin provided by CRA for Tustin indicated that an approximate $7.1 million payment will be required for Fiscal Year 2011-2012 and approximately $1.7 million for Fiscal Year Agenda Report -Mid Term Report August 2, 2011 Page 7 2012-13 and thereafter. Staff believes that the preliminary estimates are not correct and that we may need to appeal to the state Department of Finance (DoF) as the RDA has incurred more than a ten percent increase in bonded indebtedness since Fiscal Year 2008-09. If the appeal is successful, it will significantly lower any estimated Tustin Voluntary Program payment. Staff will be available to answer any questions the Agency may have regarding the attached report. ~~L =GG ~~o~yc~- C Christine A. Shingleton Assistant City Manager Jerry C Mana~ Jo n Buchanan, RDA Program anager ~- ram Attachments: Mid-Term Report and Modification to 2'~ Five Year Implementation Plan for MCAS Tustin ^ L+ h ..~ i-... MID-TERM REPORT AND MODIFICATION TO THE 2ND FIVE YEAR IMPLEMENTATION PLAN FOR THE MCAS TUSTIN REDEVELOPMENT PROJECT AREA ..t Tustin Legacy TABLE OF CONTENTS MID-TERM REPORT AND MODIFICATION to 2"D IMPLEMENTATION PLAN for MCAS TUSTIN SECTION I -INTRODUCTION .............................................................................................. ............ 2 SECTION II -NON-HOUSING ACTIVITIES 11.1 Background .................................................................................................... ............ 6 11.1.1 Recent Legislation Affecting Redevelopment ................................. ............ 6 11.1.2 Financial Resources/Non-Housing Resources ................................. ............ 8 11.2 Activities and Programs ................................................................................. ............ 8 11.2.1 Acquisition, Disposition, and Development .................................... ............ 8 11.2.2 Public Improvements & Facilities ................................................... ............ 12 11.2.3 Demolition/Site Clearance .............................................................. ............ 14 11.2.4 Economic Development Programs ................................................. ............ 14 11.2.5 Environmental Remediation ........................................................... ............ 14 11.2.6 Administrative Program Support and Indirect Costs ...................... ............ 16 11.2.7 Addressing Blighting Conditions through Non-Housing Activities .. ............ 16 SECTION III -HOUSING ACTIVITIES 111.1 Introduction ................................................................................................... ........... 21 111.2 Background .................................................................................................... ........... 21 111.3 Recent Legislation Affecting Housing Activities ............................................. ........... 23 111.4 The Low and Moderate Income Housing Funds Available ............................. ........... 23 111.5 Housing Programs, Projects and Expenditures .............................................. ........... 24 111.6 Proportional Expenditure of Housing Funds .................................................. ........... 26 111.7 Affordable Housing Compliance Plan ............................................................ ........... 27 111.8 Replacement Housing Obligations 29 111.9 Addressing Blighting Conditions through Housing Activities .................................... 29 Section I Mid-Term Report - 2~d Five-Year Implementation Plan MCAS Tustin Introduction I. INTRODUCTION On August 5, 2008, the Tustin Community Redevelopment Agency ("Agency') adopted Resolution RDA OS-04, approving the 2nd Five-Year Implementation Plan (Fiscal Years 2008-2009 through 2012- 2013) for the Redevelopment Plan for the MCAS Tustin Redevelopment Project Area. Prepared in accordance with Chapter 4, Article 16.5, Section 33490 of the California Community Redevelopment Law ("CRL"), the 2nd Five-Year Implementation Plan set forth the Agency's specific goals and objectives for the Project Area, the anticipated programs, projects and expenditures for afive-year period, and describes how these programs, projects, and expenditures will eliminate blight in the Redevelopment Project Area. The Implementation Plan also summarized the Agency's housing activities, identifying programs, projects and expenditures directed towards increasing, improving and preserving the community's supply of low and moderate-income housing. A copy of the Second Five-Year Implementation Plan is attached hereto as Attachment A. Section 33490(5)(c) of the Law requires redevelopment agencies to conduct a public hearing to review and hear testimony from all interested parties at least once during the five-year term of the Implementation Plan. The purpose of the mid-term public hearing is to review the Redevelopment Plan and the corresponding Implementation Plan for each redevelopment project within the jurisdiction and to evaluate the progress of the redevelopment projects. The mid-term public hearing must take place no earlier than two years and no later than three years following the adoption of the Implementation Plan. The Mid-Term Report, per Section 33490(5)(c), specifically focuses on the status and implementation of affordable housing activities by the Agency. In the Second Five-Year Implementation Plan, the non-housing activities addressed were as follows: • The goals and objectives of the Redevelopment Plan were revisited. • The Agency's strategy for achieving the goals and objectives of the Redevelopment Plan were defined. • Anticipated programs, projects and estimated expenditures for the next five-year period were identified (Fiscal Years 2008/2009 through 2012/2013). • Programs, projects, and expenditures that would eliminate blight in the Project Area were described. In the 2nd Five-Year Implementation Plan, the Agency's housing activities were addressed as follows: • Statutory requirements for the set-aside and expenditure of tax increment for housing purposes were described including programs, projects and expenditures directed towards increasing, improving, and preserving the community's supply of low and moderate-income housing. • The Plan identified how residential development was to be implemented in the Project Area per the Agency's established goals and in compliance with the CRL. 2 The elimination of blight is a fundamental purpose for redevelopment under CRL and is discussed more fully in Section II of this Mid-Term Report. The provision of affordable housing is another fundamental purpose under CRL, and is addressed in Section III of this Mid-Term Report. While identification of specific programs, including projects, and estimates of expenditures proposed to be made is required under CRL, the Implementation Plan should be viewed as a policy and program document. The intent is not to restrict the Agency's activities since the conditions, expectations, resources, and needs of the Project may change from time to time. Rather, the Plan outlined the expectations of the Agency for the five years between FY 2008/09 and FY 2012/13. This Mid-Term Report by the Agency Board of Directors discusses redevelopment activities to date during the period of the Plan and reviews progress in achieving the goals and objectives of the Plan. The Mid-Term Report addresses and reviews the two major components of the 2nd Five-Year Implementation Plan: the redevelopment implementation activities in MCAS Tustin Redevelopment Project Areas and the low and moderate-income housing implementation activities inside and outside the Project Area. 3 Table 1 Project Area Data Summary The MCAS Tustin Redevelopment Project Area is comprised of 1,508.6 acres Project Area Size, Location and including 1,504.5 acres that were part of the former MCAS Tustin base and 4.1 acres Characteristics that are located outside the former base boundaries. Redevelopment Plan Elements Date Ordinance No. Redevelopment Plan Adopted June 16, 2003 Ord. No. 1276 Redevelopment Plan Amendment No. 1 April 3, 2007 Ord. No. 1334 (description of Agency programs) Redevelopment Plan Limits July 16, 2023 • Last Date to Incur Project Area or from date of Auditor's Certification (January 21 2025) Indebtedness' , July 16, 2033 • Redevelopment Plan Expiration Date** or from date of Auditor's Certification (January 21, 2025) • Last Date to Receive Project July 16, 2048 Area Tax Increment*** • Expiration Date for Eminent Domain June 13, 2015 Authority**** • Total Amount of $180,000,000 would be outstanding at any one time Permitted Bonded Debt • Maximum Amount of Tax $833,000,000 (100%) Increment * The Agency shall not establish or incur loans, advances, or indebtedness to finance in whole or in part the Project beyond 20 years from the date the County of Orange Auditor makes its certification pursuant to Section 33492.9 of the CRL. Loans, advances, or indebtedness may be repaid over a period of time beyond said time limit. This time limit shall not prevent the Agency from incurring debt to be paid from the Low and Moderate Income Housing Fund or establishing more debt in order to fulfill the Agency's housing obligations under Section 33413 of the CRL. **County Auditors Certificate per Redevelopment Plan was January 21, 2005. ***Redevelopment Plan Expiration Date and Last Date to Receive Project Area Tax Increment may be extended for one year for each year ERAF Payment is made to State pursuant to Health & Safety Code Section 33333.6 (revised per SB1045). *'**Per Ordinance No. 1334 Section II 2na Five Year Implementation Plan Mid-Term Report MCAS Tustin Non-Housing Activities II.1 BACKGROUND The 2nd Five-Year Implementation Plan separately addressed non-housing redevelopment implementation activities and housing activities. This is largely because the legal requirements for implementation plans and restrictions on the expenditure of related revenues are significantly different for the two types of activities. This Mid-Term Report follows the same format and reviews the housing component of the Plan separately from the other redevelopment activities of the Agency. The Mid-Term Report focuses on legislation, expenditures, activities and programs of the Agency that are not related to low and moderate-income housing. The housing component of the Implementation Plan is included in a separate section of this Mid-Term Report (Section III). II.1.1 Recent Legislation Affecting Redevelopment AB1X 26 and AB1X 27, both trailer bills to the main state budget (Senate Bill 87), were recently approved by the Legislature and signed by Governor Brown on June 29, 2011. The A61X 26 (the "Dissolution Bill") will dissolve Redevelopment Agencies ("RDA's") effective October 1, 2011. Until that time, RDA's are prohibited from taking any new actions other than payment of existing indebtedness and performance of existing contractual obligations. Under the Dissolution Bill on October 1st, all agency property and obligations will be transferred to successor agencies, except for the assets of the Low and Moderate Income Housing Fund, and overseen by an oversight board, the county auditor-controller, and the State Department of Finance (DoF). Assets in the Low and Moderate Income Fund will be transferred to the auditor-controller for immediate distribution to taxing agencies. Successor agencies will be charged with repaying existing RDA indebtedness, completing performance of existing contractual obligations and otherwise winding down operations and preserving/disposing of RDA assets for the financial benefit of taxing agencies. The actions of successor agencies will be subject to review by a local oversight committee. A61X 27 (the "Voluntary Program Bill") provides that, notwithstanding the Dissolution Bill, any RDA may avoid dissolution by opting into a Voluntary Program permitting it to continue to operate and function if the City has adopted an opt-in ordinance by November 1, 2011. The contents of the ordinance must commit the City to making specified substantial annual payments into a Special District Allocation Fund ("SDAF") and Educational Revenue Augmentation Fund ("ERAF") established for each county and administered by the county auditor-controller largely to benefit local school and special districts. If all RDA's state-wide opt into the Voluntary Program, contributions will amount to a total of $1.7 Billion for Fiscal Year 2011-12 and appear intended to amount to $400 million in each succeeding fiscal year. The amount of the payment for each city or county is calculated by the DoF and will be communicated to the cities and counties no later than August 1, 2011. On July 18, the California Redevelopment Association (CRA) filed a petition asking the California Supreme Court to overturn the Dissolution (AB1X 26) and Voluntary Program Bills (AB1X 27) because they violate the State's Constitution. An immediate stay of these Bills will preserve the status quo pending a decision on the constitutionality of these laws. At the same time as the filing of the 6 petition, CRA requested that the Court issue a stay to prevent the legislation from going into effect until the Court renders its decision. Until the validity of the Dissolution Bill and Voluntary Program Bill are determined, the City has adopted Urgency Ordinance 1404 and introduced permanent Ordinance 1405 agreeing to comply with the Voluntary Program Bill. Failure of the City to adopt a Voluntary Program Ordinance would have resulted in the termination of Tustin RDA activities, turn over of Agency financial and property assets (including real estate assets) to a successor agency, and preclusion of the RDA from proceeding with critical City priorities, including construction of Tustin Ranch Road. This would have been detrimental to the health, safety and economic well-being of residents of the City and caused irreparable harm to the community, because, among other reasons, the redevelopment activities and projects made possible, implemented, and funded by the RDA are highly significant and of enduring benefit to the community and City, and are a critical component of its future. The adoption of Ordinance 1404 and/or 1405 will require the City, utilizing redevelopment tax increment, to make a required payment. The current payment estimates for Tustin provided by CRA for Tustin indicated that an approximate $7.1 million payment will be required for Fiscal Year 2011- 2012 and approximately $1.7 million for Fiscal Year 2012-13 and thereafter. Staff believes that the preliminary estimates are not correct and that we may need to appeal to the DoF as the RDA has incurred more than a ten percent increase in bonded indebtedness since Fiscal Year 2008-09. If the appeal is successful, it will significantly lower any estimated Tustin Voluntary Program payment. Once DoF issues its estimates to Tustin by August 151, the City can appeal any estimates by August 15th. The City's Finance Director has reviewed available RDA cash balances and anticipates having sufficient funds available to make the required Voluntary Program payments in Fiscal Year 2011-12, and in the near term subsequent fiscal years, although the payments will limit resources available for completion of all anticipated RDA implementation activities in the future. The alternative posed by the Dissolution Bill is unacceptable since it provides no resources for future RDA implementation and has all RDA resources and assets transferred to a successor agency, largely representing local school districts and other taxing agencies. It is expected before the end of this session of the State Legislature, additional bills will be adopted which have additional impact on redevelopment operations. 7 11.1.2 Financial Resources/Non-Housing Resources The Agency's implementation activities are based on the availability of funding from existing fund balances, bond proceeds and estimated future tax increment revenues not previously committed to existing financial obligations. While achievement of the Implementation Plan goals and objectives, and implementation of the programs, activities and expenditures will assist in eliminating blight within the Project Area, private sector investment also contributes to the removal of blight. Non-housing tax increment revenues available for project implementation undoubtedly will be severely impacted by recent state legislation effecting redevelopment agencies throughout California. Scheduled program activities may need to be curtailed or implemented more slowly due to reduced resources, especially capital improvement programs and projects. 11.2 ACTIVITIES AND PROGRAMS Non-Housing Activities within the MCAS Tustin Project Area, as outlined in the 2"d Five Year Implementation Plan, have focused on the elimination of blighting conditions through development, community facilities, environmental remediation, and public infrastructure/street improvement programs. Major redevelopment activities and projects completed in the MCAS Tustin Project Area have reduced blight and provided for the revitalization of the Project Area. A detailed summary of the major development projects that were completed prior to August S, 2008, is included in the Second Five-Year Implementation Plan, which is included herein as Attachment A. Since the adoption of the 2~d Five Year Implementation Plan in 2008, a severe national recession has drastically impacted, direct and indirectly, both public and private financial resources necessary for the implementation of activities and programs that were anticipated in the Plan. The impact on these programs is discussed in this section. As discussed in Section I of this report, recent state legislation impacting redevelopment agencies will have an additional negative on the Agency's direct financial resources. As identified in the Implementation Plan, Plan activities and programs often coincide and overlap with prior implementation plans to produce successful projects. A complete description of projected non-housing programs, activities and expenditures was included in the Plan which focused on six major areas: 1) Acquisition, Disposition and Development Coordination; 2) Public Improvements and Community Facilities; 3) Demolition and Site Clearance; 4) Economic Development; 5) Environmental Remediation; and 6) Administration Program Support and Indirect Costs. These programs and activities are discussed below with a brief update on any additional progress since beginning of the Implementation Plan term. 11.2.1 Acquisition, Disposition and Development Coordination Program During the initial term of the Implementation Plan, Agency staff administered acquisition, disposition and development coordination activities of City-owned properties in the disposition and development of parcels throughout the Tustin Legacy project. Agency staff has continued in its role in the acquisition, disposition, and coordination of development activities with the appropriate 8 developers and City operating departments. Issues associated with the disposition of properties and management oversight of the activities will also be performed including leasing, licensing, property management, and site preparation. Market conditions have and will continue to impact disposition activities over the term of the Plan. The Agency is anticipated to coordinate with the City in the following activities: a. Disposition and Development Agreements (DDA) • Vestar/Kimco Tustin L.P. (The District at Tustin Legacy) The City anticipated conveying 3.96 acres of leased property during the term of the Plan; however, conveyance is conditioned upon the Navy's remediating specific environmental conditions impacting the site. The Navy's remediation activities will not make these properties ready for conveyance until 2013-2014; the Navy had previously anticipated conveyance in 2010-2011. The Agency is responsible for all development coordination activities associated with the terms and conditions of the DDA requiring a Certificate of Compliance. A Fifth Amendment to the DDA was executed in October 2010 that delayed the completion of adjacent infrastructure by the developer until the earlier of grading permits being issued on property adjacent to The District, but in any event no later June 2015. We can expect that the Tustin Ranch Road grading permits will trigger the requirement for construction to begin earlier, rather than later, on the required remaining infrastructure improvements. The Agency is also working with Vestar and the Army on a potential land exchange that will reduce some of the parking issues for Vestar. This transaction is expected to occur before the end of the year. ^ Agreement with TLCP, LLC Terminated (3`d Qtr, 2010) The City of Tustin in 2010 terminated its DDA with Tustin Legacy Community Partners, LLC (TCLP) for development of 820 acres at Tustin Legacy. The termination followed the developer's non-performance under the DDA, including the construction of required critical infrastructure. A downturn in the national, state and local economy was most severely felt in the real estate industry where investment and lending activity was significantly curtailed for residential and commercial development. The City worked diligently to assist the developer in meeting its obligations under the terms and conditions of the DDA. The City offered extensions to the developer's performance schedule, modifications to the location and timing of development, and timing and phasing of infrastructure and extensions to the land conveyance schedule. Unfortunately, the developer was unable to perform or agree to a plan that would prevent risk to the City and taxpayers. ^ WL Homes, dba John Laing Homes (1S` Qtr, 2010) In the 1s1 Quarter of 2010 a Certificate of Compliance was issued for Tustin Field I and Tustin Field II stating that both projects were completed in compliance with the DDAs for both sites. Tustin Field I is 29.4 acres, comprised of 376 residential units, 78 of which are affordable 9 units. Tustin Field II is 36.8 acres, comprised of 189 residential units, 40 of which are affordable units. b. Community Facilities District Financing and Related Assessment Financing The Agency staff has coordinated with City departments, including the City's Finance Department, in seeking Community Facility District (CFD) financing and related assessment district financing as appropriate for new development within the Project Area. During the term of the 2"d Five-Year Implementation Plan, the Agency participated in coordinating implementation activities associated with the three CFD's totaling approximately $78M (CFD 04- 01 $11,415,000; CFD 06-01 $53,570,000; CFD 07-01 $13,680,000). In November 2010, the Agency participated in Special Tax Bond financing for an Amendment to CFD 06-01 in the amount of $1,675,0000 for Columbus Villages, a residential neighborhood located within the Project Area. The Agency also issued MCAS Tustin Tax Allocation Bonds providing approximately $40 million in net proceeds to be utilized for Tustin Legacy Backbone Infrastructure construction, with the priority project being the construction of the extension of Tustin Ranch Road. c. Development Coordination in Project Area The Agency staff has been responsible for overall development coordination within the Project Area and the Tustin Legacy project. This development coordination role includes all sites and parcels with Tustin Legacy. d. Tustin Legacy Disposition Strategy for 820 acres (April 2011) With the termination of the agreement with TLCP, the City and the Agency took the opportunity to rethink the manner and method in which the property was to be marketed and developed. In April 2011, the Tustin City Council approved the Tustin Legacy Disposition Strategy, an implementation strategy to reframe the City's approach to marketing and developing the remaining property owned by the City. With approval of this strategy, the City will subdivide the property into disposition packages that are to be sold and developed by private sector developers for the land uses designated in the plan. Developers will be required to install infrastructure not only adjacent to their site, but also pay for a portion of the major infrastructure systems. The City Council approved the strategy as the best framework for moving forward with Tustin Legacy while continuing to remain focused on the Project's original vision. During the second half of 2011, developer interest will be solicited on four sites adjacent to Tustin Ranch Road, near The District retail center. The developer selection process identified in the Disposition Strategy will be used to assist the City in determining the most qualified developers. e. Solicitation of Development Interest in City-owned Site for 18.5 acres The City has entered into a Term Sheet with the South Orange County Community College District that could result in a possible land exchange with the District for property they own, impacting the schedule and implementation of any marketing of the City owned property. If an 10 agreement can be reached, and depending on market conditions during the term of this Plan, the Agency will solicit interest in the development of City-owned sites located in the western portion of the Project Area. In addition to soliciting interest, the Agency will be responsible for all development coordination activities associated with the sites. The current property is bounded by Red Hill Avenue on the west, Valencia Avenue on the north, Warner Avenue on the south, and the SOCCCD property on the east. The proposed land exchange could relocate the site with its primary orientation along Warner Avenue. The schedule for solicitation and disposition will take into consideration the proposed land exchange and future market conditions when in the City's best interest. f. Interim Leasing and Licensing The Agency has continued to administer the leasing and licensing of City-owned properties in the Tustin Legacy project. Licensing of City-owned properties will be done on an interim basis to address temporary needs related to the development of Tustin Legacy. g. Property Management The Agency will continue to perform oversight of property maintenance and security responsibilities on 850 acres of City-owned property until the properties are fully developed, this includes 805 acres located within the Master Development Footprint and 46 acres outside the Master Development Footprint. Specifically, property management and security responsibilities will continue to include: • Overseeing the property management contract with So Cal Sandbags, Inc., for erosion control and weed abatement within the Master Development Footprint, and the landscaping contract with Spectrum Care Landscape and Irrigation Management, Inc., for Tustin Legacy properties that are outside of the Master Development Footprint. • Overseeing security-related activities, including the Master Development Footprint and additional 46 acres, as needed, coordination with City staff, the Navy, regulatory agencies, developers, contractors, the public, and other tenants at Tustin Legacy. The Agency will also continue to work with the City to ensure remaining buildings (including the southern hangar) and site perimeters are secure, including repairing fence and building openings, as needed, and to work closely with Tustin Police Department, including site visits and meetings as needed, to ensure security needs are met. h. Vestar/Kimco Tustin Parcel: 3.96 acres are currently located in a LIFOC area. This is part of their total development site (87 net developable acres). The acreage is developed but leased currently to Vestar/Kimco. The time frame for Navy conveyance to the City of the remaining acreage is by 2014/15 and then the property will be subsequently conveyed by the City to Vestar. i. Continue to Assist with Public Benefit Process with the County The Agency will continue to assist the City in coordinating the Public Benefit Process with the County of Orange for the 10 acre Sheriff's Training Facility site and the 84 acre Regional Park site. 11 j. Acquisition of Parcels currently Leased from Navy The Agency will continue to assist the City in the acquisition of leased parcels, also known as LIFOC (Lease in Furtherance of Conveyance) parcels, from the Navy as part of the Economic Development Conveyance to the City. Some of these parcels will be retained by the City for community facilities or infrastructure, while other LIFOC parcels will be conveyed to Vestar/Kimco under the terms and conditions of the existing DDA, as previously noted. On all parcels, the Agency and City operating departments spend considerable time and effort, with the Agency being responsible for significant planning and coordination efforts on the City-owned sites and those sites that will be conveyed to other public agencies or private development. Disposal parcels yet to be conveyed are as follows: • City Parcels: It is anticipated in late 2012 that the Navy will convey to the City both, 1) a 24 acre community park; and 2) a 2.4 acre site containing a former child care center. The Agency is actively coordinating the design and planning for development coordination on these sites. • Master Development Footprint: 1) a 32.2 acre site (current location of southern hangar), known as Carve-Out Area 6, with a designated non-residential land use is anticipated for conveyance to the City in 2012; 2) 39.33 acres (located generally to the south and east of the northern hangar), known as a portion of Carve-Out Area 5, is anticipated for conveyance in 2014/15; and, 3) a 2.17 acre site (located north of Warner Avenue across from The District at Tustin Legacy), known as Carve-Out Area 9, is anticipated for conveyance in 2014/15. The Agency is responsible for development coordination of these sites. • SOCCCD Parcels: Approximately 31 acres are currently located in LIFOC area; the parcels are sub-leased from the City to the South Orange County Community College District (SOCCCD) and are anticipated for conveyance by the Navy to the City in late 2012; the property will be subsequently conveyed by the City to SOCCCCD. These sub-leased parcels are part of a larger site of 68 acres; 37 acres has been conveyed. The conveyance is subject to SOCCCD complying with the terms and conditions of the Conveyance Agreement, compliance with the Specific Plan and Redevelopment Project Area Plan. 11.2.2 Public Improvements & Facilities The Agency has participated and coordinated financing, planning, design, and construction of public infrastructure improvements and community facilities. The projects listed below were originally proposed in the 2"d Five-Year Implementation Plan and some changes to the proposed projects have occurred. These changes were the result of one or more of the following: market conditions; site conditions discovered during facility planning; identified community needs; and, the need to eliminate immediate blight conditions. In 2008, the Agency identified an estimated $407M of public backbone infrastructure needs known as the Tustin Legacy Backbone Infrastructure Program, within the Project Area or of benefit to the Project Area. These improvements include roadways, bridges, traffic signals, traffic mitigation (FEIS/EIR), drainage improvements, water quality improvements, dry utilities, public parks, and 12 community facilities. The Implementation Plan contained a comprehensive listing of infrastructure projects. The projects discussed below are the most important projects. • Tustin Ranch Road and Bridge Project - In October 2010, the Agency issued $44,170,000 in MCAS-Tustin Project Area tax allocation bonds for the purpose of constructing infrastructure within the Project Area and immediately adjacent to the Project Area. The majority of the bond proceeds will be used for the construction of the Tustin Ranch Road project with any remaining funds allocated to other infrastructure improvements. The Agency is continuing to assist in the design, construction, and acquisition of right-of-way associated with the extension of Tustin Ranch Road from Walnut Avenue to Warner Avenue. Construction of the road and bridge project is scheduled to commence in Summer 2011. • Valencia/Armstrong Roadway Project -Continuing to assist in completing the design of the two remaining portions located in the southwest portion of the Project Area (Armstrong Avenue - Barranca to Warner), and the northeast portion (Valencia Avenue -Kensington to Moffett). Construction of these roadways will open parcels for the development of residential and commercial uses. Armstrong is a major north/south arterial and Valencia is a major east/west arterial. The continuation of Valencia to Tustin Ranch Road is expected to commence in 2011. • The District at Tustin Legacy Infrastructure Project -Continuing to assist Vestar in the design and their construction of the remaining portions of required new infrastructure and the expansion of existing systems including roadways, storm drains, and utilities, including infrastructure in Warner Avenue and Barranca Parkway. This infrastructure will serve the new regional retail center, The District at Tustin Legacy, and the western portion of the Project Area. Phase I Newport Avenue Extension/Northbound SR55 Ramp Reconfiguration /Edinger Avenue Widening Project Improvements (referred to as Phase I and Phase II Newport Avenue) - Although this project is in the South Central Project Area, it is of benefit to the MCAS Tustin Project Area because of traffic generation resulting from development within the MCAS Tustin Redevelopment Project Area. RDA Resolution No. 07-01, finding benefit to the Project Area was adopted by the Agency in 2007. Phase I has been completed and Phase II, which is the extension of the roadway north of Edinger to Sycamore Avenue, has not been fully funded and will be dependent upon future available funding. • Tustin Legacy Community Park (24 acres) - Continuing to coordinate planning, design, environmental assessment of existing contamination plumes with Navy clean-up efforts, and construction of a community park to be owned and operated by the City of Tustin. The Agency completed the environmental assessment of the building located on the site and completed demolition and removal of the buildings in 2009. Geotechnical borings of the site will be completed in Summer 2011 and will be followed by completion of the Master Plan for the park and commencement of final design of phased park improvements (phasing will be required due to environmental remediation activities occurring on the site). • Tustin Legacy Park (84 acres) -Continuing to assist the County in the planning, programming, design, and construction of public athletic facilities, recreation facilities, open space areas, and 13 trails, bicycle paths, and walkways. The County expects to bring a potential conceptual program forward in late Fall of 2012 and make any subsequent decisions necessary as to the feasibility and funding of the park. • Fire Station (8,500 sq. ft. building on 1.25 acres) -Planning and design will be completed in Summer 2011. The construction of the fire station will be bid in late 2011 with construction to commence in December 2011 or January 2012. The construction of the fire station should be completed for occupancy in early 2013 with the opening corresponding to the opening of the Tustin Ranch Road Project. The fire station facilities and land will be owned by the City and leased to the Orange County Fire Authority (OCFA). Agency staff is preparing a lease agreement with OCFA for the facilities. The facilities will service development in the Project Area. 11.2.3 Demolition/Site Clearance The Agency continues to participate in demolition and site clearance activities throughout Tustin Legacy to prepare sites for development by private and public entities. 11.2.4 Economic Development Programs The Agency continues to initiate and participate in economic development programs in conjunction with the business community in the creation of jobs, and the growth and retention of businesses within the Project Area. The Agency continues to take the lead in business attraction. • Business Promotion and Attraction: The property owner and tenant assistance programs promote and support new commercial development within the Project Area, particularly businesses that are high job generators including retail uses, office uses, and R&D uses. Expenditures include, but are not limited to brochures, digital media, and marketing materials. • LAMBRA: Assist business owners eligible for benefits under the Local Agency Military Base Recovery Act (LAMBRA). LAMBRA benefits include: 1) state tax benefits such as 15-year net operating loss carry-over; 2) business expense deductions; 3) sales and use tax credits; 4) hiring tax credits; and, 5) preference points on state contracts. 11.2.5 Environmental Remediation The Agency coordinates mitigation activities associated with environmental impacts in the Project Area and environmental impacts found to have a benefit to the Project Area that are outside the Project Area. The Agency is also engaged in on-site mitigation activities with the Navy as part of the Economic Development Conveyance process. City of Tustin staff actively participates with Navy staff and state and federal regulatory agencies (United States Environmental Protection Agency, California Environmental Protection Agency/Department of Toxic Substances Control and Regional Water Quality Control Board) in reviewing and commenting on Navy remediation documents, and providing recommendations to assist the Navy in selecting remedies that support rapid economic development and reuse at the site, including specialized legal services associated military base closures and hazardous clean-ups. 14 Environmental Programs the City and Agency have been responsible for during the term of this Plan are as follows: • Coordination with the Department of Navy (DoN) in its review of a Project Environmental Review form (PERF # T012) for mass grading, utility and building demolition, and erosion control on Navy-owned property and as a precondition to proceeding with the Tustin Ranch Road Project. Coordination and response also has been to the Base Cleanup Team (BCT), including: the DoN, the Environmental Protection Agency (EPA), the Department of Toxic Substances Control (DTSC), Regional Water Quality Control Board (RWQCB) and the City's special Washington D.C. counsel. The coordination of this PERF is tied to the design and construction of Tustin Ranch Road. • Coordination with the DoN in its review of a Project Environmental Review Form (PERF k T015) for a geotechnical investigation of the proposed 24 acre Community Park site on Navy-owned property. Continued to coordinate response to the BCT, including: the DoN, the EPA, the DTSC, RWQCB and the City's special Washington D.C. counsel. in Neighborhood E as part of the former Master Development Footprint. • Coordinated with Public Works and Irvine Ranch Water District (IRWD) on the potential installation of a new well (Well Tl-1) at the northeast corner of Barranca Parkway and future Aston Ave. RDA staff prepared an access and construction license and exclusive easement for 15 Efforts to close out environmental insurance claims associated with the finding of contaminates well purposes. The license has been tendered to IRWD for execution and a draft exclusive easement has been transmitted to IRWD for review. The exclusive easement will require approval by the City Council once accepted by IRWD. 11.2.6 Administrative Program Support & Indirect Costs Administrative and indirect costs have been ongoing during the term of the Plan. The services include, but are not limited to, the following: • Due Diligence activities -third party and in-house services associated the disposition and development of sites located at Tustin Legacy. • Legal Services -comprehensive legal services related to activities within the Project Area and activities outside the Project Area in which a finding of benefit has been established including City Attorney services and Special Counsel. • Management of Assets - in-house and contracted third party legal services. • Planning and Design - in-house and contracted third party services associated with planning and design activities. • Leasing of Office Space and Equipment. • Telephone. • Printing. • Audit/Accounting. • Office Materials and Supplies. • Meetings and Training. • Membership Dues and Subscriptions. • Computer Software and Hardware. To support the major areas of the Implementation Plan, direct administrative costs, and indirect costs, including consulting and legal expenses, will also be incurred, as shown in Figure II-5. 11.2.7 Addressing Blighting Conditions through Non-Housing Activities The CRL requires an explanation of the relationship between proposed projects, programs and expenditures to the elimination of blight within the project area during the period of the Implementation Plan. At the time the MCAS Tustin Redevelopment Plan was adopted, the Implementation Plan addressed health and safety conditions of buildings, and the factors that characterize economic dislocation, deterioration or disuse. Briefly, a blighted area is one that contains specific conditions and factors resulting in the lack of proper utilization of the area that constitutes a serious burden on the community that cannot be alleviated by private enterprise acting alone. 16 Eliminating blight conditions are addressed through the adopted five-year programs outlined in the Implementation Plan. Specifically, the Implementation Plan Goals and Objectives will assist in attracting, retaining and growing businesses that are high job generators; assist in the planning, design, and installation of public improvements that were non-existent prior to the adoption of the Implementation Plan; assist in developing community facilities that address community needs; and, assist in correcting environmental problems that will allow property throughout the Project Area to be developed. During the initial five years of the First Implementation Plan (Agency is in the term of the Second Implementation Plan), the Agency assisted and private sector redevelopment activities have made major contributions in transforming the Project from a former military base into a mixed use project comprising both public and private uses that address the needs of the community in housing, commercial development, job creation, and public facilities. Although significant progress toward addressing many of the blighting conditions have been completed, or are in the process of being completed, major blight conditions remain. Many of the blight remediation conditions will be addressed under the Second Implementation Plan. The following is a list of major blighting characteristics identified in the MCAS Tustin Redevelopment Plan and how the proposed Agency programs during this Second Implementation Plan period are eliminating or preventing the spread of these blighting conditions within the Project Area: Unsafe/Unhealthy Buildings. The former MCAS Tustin base contains buildings and structures used by its former occupant, the Marine Corps. Many of these buildings contain materials that are no longer considered suitable for human occupancy. In addition, most of the buildings are special purpose military buildings, including hangars used in the upkeep and maintenance of helicopters. Many of the buildings date back to the 1940's and 1950's and none of the buildings have been maintained since the early 1990's. Most of the buildings that had not been removed during the term of the initial Implementation Plan that the Agency and City control have been removed during the term of the Second Implementation Plan. Additionally, other public agencies receiving property have plans for demolition underway. Factors that Hinder Economic Viability Use. Inadequate and obsolete infrastructure, inadequate and obsolete buildings, and hazardous waste are factors that hinder economically viable uses. During the term of the Second Implementation Plan existing obsolete infrastructure has been removed, existing obsolete buildings have removed, and identified hazardous waste from the former military occupant has been removed or is in the process of being removed and/or environmentally treated. • Adjacent/Nearby Incompatible Uses. The former Marine base contained military uses that are not compatible with the uses adopted in the Reuse/Specific Plan and the MCAS Tustin Redevelopment Plan. 17 During the First and Second Implementation Plan terms, additional Marine based uses and buildings have been removed. While some continue to remain, incompatible uses are being addressed by current or planned future activities. • Buildings On Land That When Subdivided Would Not Meet Local Regulations. The former Marine base contained buildings that are or were not compatible with the City's zoning code. The buildings occupying the former base were built for military functions and were exempt from local regulations as a Federal facility. None of the buildings on the former base were found suitable for occupancy. Most of the former military facilities including the majority of the aircraft runways, taxiways and aprons have been removed during the term of the Second Implementation Plan. While some continue to remain, they are addressed by current or planned future activities. • Inadequate Infrastructure And Public Improvements. Existing infrastructure serving the former MCAS Tustin base is antiquated having deteriorated over time. Additionally, the infrastructure did not have the capacity to adequately serve the proposed uses under the Reuse/Specific Plan. Infrastructure necessary to serve the uses under the Reuse/Specific Plan was installed during the term of the initial Implementation Plan by the private sector under various financing mechanisms. Not all of the necessary infrastructure can be installed by the private sector without financial assistance from the Agency. Under the First and Second Implementation Plan appropriate public infrastructure is being installed to allow for the development of the Tustin Legacy project including completing of the construction of Tustin Ranch Road. Additional infrastructure will continue to remain important to development of the property. • Buildings That Did Not Conform To Codes Effective When Built. The closure of the Marine Corps base resulted in the abandonment of buildings and the creation of vacant lots. During the term of the Second Implementation Plan the Agency has been engaged with private sector developers and public entities to develop formerly vacant properties and reuse properties that contained military buildings with no functional uses, other than military. • Facilities That Must ee Removed To Allow Development. Buildings on the former military base will be demolished that are unsafe or unhealthy. All of the former military buildings are in various stages of decay due to lack of maintenance after the base was abandoned by the Marine Corps in the early 1990's. Removal of existing buildings, facilities, and infrastructure is intended to eliminate incompatible adjacent or nearby uses such as the presence of military or aircraft- related uses that are now obsolete, but would facilitate the effective reuse and development of non-military uses in the Project Area. During the term of the Second Implementation Plan most of the former military facilities that are within the Agency or City's control have been removed outside the immediate area of the two blimp hangars. While some continue to remain, they are being addressed by current or planned future activities. 18 • Hazardous Waste. The programs proposed are intended to eliminate or alleviate hazardous waste conditions and encourage private investment in the Project Area. During the term of the First and Second Implementation Plan, the Agency continues to work with local, regional, state, and federal agencies in clean-up activities resulting from military operations. 19 Section III 2na Five-Year Implementation Plan Mid-Term Report Housing Activities zo III.1 INTRODUCTION The Housing Section is a major component of the Implementation Plan. The Plan represents the Agency's explanation of how specific goals and objectives and proposed projects, programs and expenditures will implement the low and moderate income housing requirements mandated by law, including the following: • An annual housing program for the five year Implementation Plan term that provides sufficient detail to measure performance of the Low and Moderate Income Housing Fund Requirements. • An estimate of the number of new, rehabilitated, assisted, price restricted and destroyed housing units during the term of the respective redevelopment plan. • An outline of the Agency's plan in using the Housing Set Aside Funds, including annual deposits, transfers of funds, or accruals for special projects. • An identification of programs and projects that will result in the destruction or removal of existing affordable housing, if any, and the proposed locations for replacement housing. • The Agency's ten year housing affordability compliance plan as required by California Community Redevelopment Law (CRL) Sections 33413(b)(4) and 33490(a)(2). 111.2 BACKGROUND In addition to CRL requirements, the Agency's affordable housing efforts are guided by the Regional Housing Needs Assessment (RHNA) produced by the Southern California Association of Governments (SCAG), and the City's Housing Element and Comprehensive Affordable Housing Strategy. In June 2008, the City and the Community Redevelopment Agency adopted the 2008/09 - 2017/18 Comprehensive Affordable Housing Strategy (CANS) to direct and focus the City's and Agency's efforts to produce and maintain affordable housing within the community. The CANS is largely the basis upon which the Second Five-Year Implementation Plan has been formulated. While the 2000/01 - 2009/10 Comprehensive Affordable Housing Strategy had not expired, significant changes in the housing market led the Agency to prepare an updated CANS Strategy for the 2008/2009 to 2017/2018 period, to be coordinated with the City's required S year update of its Housing Element. The updated CANS furthers the Agency's affordable housing efforts while taking into account the changing market and ensuring consistency between Agency activities and the Housing Element. The housing component of the 2"d Five-Year Implementation Plan is also guided by the numerous provisions of the Community Redevelopment Law that regulate low and moderate-income housing activities. Asa result, the Housing Section of the Implementation Plan is more comprehensive than the section for non-housing redevelopment activities. Along with outlining the programs including the activities and expenditures, the housing component also evaluates the Agency's compliance with the laws and regulations governing the Low and Moderate-Income Housing Set-Aside Fund and Housing Production in a Redevelopment Project Area. More particularly, the report reviews the Agency's major housing responsibilities which generally fall under four broad categories including: 1) the set-aside of 20% of gross tax increment for low and 21 moderate-income housing (Sections 33334.2 and 33334.6 of CRL); 2) the creation of housing affordable to low and moderate income persons and families based on the production of all new or substantially rehabilitated dwelling units (Section 33413(b) of CRL); 3) the replacement of low and moderate-income dwelling units removed as result of Agency activity (Section 33413(a) of CRL); and 4) the proportional expenditure from the 20% Set Aside fund on housing for low and very low income persons based on community need (Section 33334.4(a)). The goals of the Housing Program are to increase the quantity and improve the quality of housing stock in Tustin by providing new and rehabilitated affordable housing opportunities throughout the community. To accomplish the goals and objectives of the Housing Program, the Agency adopted a Finding of Benefit on June 2, 2003, as allowed under the law, which determined the use of Housing Set-Aside Funds outside of designated Redevelopment Project Areas and throughout the City that would be of direct benefit to the MCAS Tustin Redevelopment Project Area. Under California Health and Safety Code Section 33413, at least 15% of all new and substantially rehabilitated dwelling units developed within a project area are required to be made available at an affordable housing cost to and occupied by persons and families of low or moderate-income. Not less than 40% of the total required affordable dwelling units are to be made available to very low income households. The ten year production and expenditure requirements under the CRL put a high financial burden on the Agency's new MCAS Tustin Redevelopment Project Area. Insufficient tax increment revenue in the MCAS Tustin Redevelopment Project Area's early years limited the Agency's ability to directly subsidize affordable housing. In order to assist the Agency in meeting its affordable housing obligations within the MCAS Tustin Redevelopment Project Area, the City entered into affordable housing agreements, as a condition of developing a larger project or sold City-owned land within the Project Area at a discount to the market value conditioned upon the development of affordable housing. On June 5, 2007, the City Council approved the "Reimbursement Agreement Between the City of Tustin and Tustin Community Redevelopment Agency Related to Affordable Housing Responsibilities to be Assumed by the Agency ("Reimbursement Agreement")". Under the Reimbursement Agreement, the Agency is reimbursing the City for its financial assistance in carrying out the Agency's Redevelopment Plan objectives, including the production of affordable housing units. The reimbursement may come from 80% tax increment/non-housing funds and from 20% tax increment/Housing Set-Aside Funds. Reimbursement sources are not limited to the MCAS Tustin Project Area, but may also come from 80% tax increment/non-housing funds and 20% tax increment/Housing Set-Aside Funds from the Town Center and South Central Project Areas. 22 111.3 RECENT LEGISLATION AFFECTING HOUSING ACTIVITIES As described in Section II.B of this Mid-Term Report, the passage of AB1X 26 (the "Dissolution Bill") and AB1X 27 (the "Voluntary Program Bill") will have a significant effect on Agency financial resources. Although no decision has been made at this time as to whether any City adoption of an ordinance to comply with A61X 27 and the Voluntary Program payments required by the Voluntary Program Bill will utilize Housing Set-Aside funds, any Agency payments will significantly deplete the Agency's total financial resources and, thereby, impact the development timeline at MCAS Tustin, a timeline already slowed by a sluggish economy. With limited resources to fund development and infrastructure, housing programs originally outlined in the Second Five-Year Implementation Plan could be further delayed and most likely will not occur before the end of the Second Five-Year Implementation Plan. On January 1, 2008, Assembly Bill (AB) 987 became effective, requiring redevelopment agencies to compile and maintain a database of existing, new and substantially rehabilitated housing units developed or otherwise assisted with monies from the Low and Moderate Income Housing Fund. The database must be available to the public on the Internet, and be updated on an annual basis. The Agency's database consists of two lists, one for affordable owner-occupied housing units and the other for affordable rental housing projects. The list can be found on the City of Tustin website, www.tustinca.or~, under Redevelopment/Housing Programs. In addition, AB 987 requires the recordation of a separate document, called "Notice of Affordability Restrictions on Transfer of Property," for all new or substantially rehabilitated units developed or otherwise assisted with moneys from the Low and Moderate Income Housing Fund on or after January 1, 2008. The Agency spends considerable effort and staff time to accomplish these requirements and it is currently in full compliance. Although unknown at this time, it is expected before the end of this year's session of the State Legislature, that additional bills may also be adopted with additional impact on redevelopment operations including housing activities. 111.4 THE LOW AND MODERATE INCOME HOUSING FUNDS AVAILABLE Section 33334.2 of the CRL requires, for every redevelopment plan adopted or amended to add territory on or after January 1, 1977, no less than 20 percent of the tax increment received by the Agency from a Redevelopment Project Area be set aside for increasing, improving and preserving the community's supply of low and moderate income housing. The revenues may be expended inside or outside of a project area. If expended outside the Project Area, a resolution must be adopted stating that outside expenditures are of benefit to the Project Area. As discussed earlier, the Redevelopment Agency adopted Resolution No. RDA 03-10 on June 2, 2003, stating that outside expenditures benefitted the Project Area. There were approximately $3.6M in housing funds available as of June 30, 2011. With the recently enacted state budget and redevelopment reform legislation, there is a distinct possibility that funding levels will be negatively impacted for the remaining two years of the Implementation Plan. 23 In March 2010, to meet housing obligations, the Agency issued Tax Allocation Bonds (Series 2010) which encumbered the MCAS Tustin, South Central and Town Center Project Area funds. Initially, it is estimated over the balance of the Second Implementation Term, that debt service for the MCAS Tustin Project Area will be approximately $608,000 to $609,000 annually which will significantly impact operational capabilities. III.S HOUSING PROGRAMS, PROJECTS AND EXPENDITURES A description of the projects and program expenditures comprising the Agency's housing activities during the 2008-2013 Implementation Plan and a Midterm update are provided below. a. Tustin Legacy -Ownership Multi-Family New Construction (322 units, $39,753,509) It was anticipated that 322 affordable ownership units would be created during the Second Implementation Plan term. The 322 units were to be distributed as follows: 40 units for very low income households, 116 units for low income households, and 166 units for moderate income households. While no Agency direct funding would be provided by the Agency for the affordable units in the Villages of Columbus, units would be developed as a result of the City providing density bonus incentives, including variances of certain development standards as a financial incentive, towards the developer's provision of affordable housing. The unit count in Neighborhoods D and G represented Phase 1 of the TLCP Master Planned development. In July 2010, the City terminated the Master Developer agreement with TLCP. On April 25, 2011, the City Council adopted a Disposition Strategy for the Former Master Developer Footprint. The goal of producing 322 affordable units remains intact and it is anticipated that at least 50 of these units may be under construction during the Second Five- Year Implementation Plan. The subsidy requirement by the Agency is unknown at this time, but we can assume that the average subsidy for an owner occupied affordable unit will be consistent with at least current affordability gaps of providing affordable ownership units by household type currently at the Tustin Legacy project. The initial subsidy was borne by the City as an off-set against land sale value with the cost being transferred to the Agency under the terms and conditions of the existing Reimbursement Agreement, as amended. However, upon reevaluation, we believe that the subsidy will be lower in the event that the units are developed as affordable rental tenure (apartment product). Depending on financing markets and also other market conditions, the Agency would reduce its affordability gap in producing affordable units at Tustin Legacy by requiring development of affordable rental apartment units rather than affordable ownership units. b. Tustin Legacy -Multi-Family Rental, New Construction (253 units, $35,445,300) The City's Disposition and Development Agreement with the former Master Developer called for the development of 253 new affordable rental units, including 126 units for very low income households, 64 units for low income households, and 63 units for moderate income households. The unit count represented originally projected Phase 1 development within a Master Development Footprint. 24 The Agency is unable to estimate when the construction of all 253 units will be completed. However, we estimate that construction of 211 affordable apartment units will be initiated before the end of the Five-Year Implementation Plan period. The amount of housing funds required to subsidize the development of affordable rental units is unknown at this time given current economic and legislative conditions. Coventry Court, a senior housing development in the Villages of Columbus, was originally identified in the Implementation Plan as ownership units. In July 2010, the City Council approved the change in tenure for the project from ownership to rental. This will result in construction of 153 affordable apartment units which should be completed before the end of the 2"d Five-Year Implementation Plan term. c. First Time Homebuyer Assistance and/or Foreclosure Negotiated Purchase (1 unit, $160,000) A First-Time Homebuyer Program would provide down payment and second mortgage assistance to low and moderate income buyers to assist them to purchase an existing home in the City. The recent mortgage credit crises have resulted in increasing foreclosure rates throughout many parts of California. The City originally allocated $160,000 to assist new first- time homebuyers in purchasing a home in a Tustin Legacy residential development or in the possible negotiated purchase of a home in foreclosure, which may represent a lower cost buying opportunity for first-time homebuyers. Due to budget constraints, the Agency has not initiated a revamped First Time Homebuyer Program, but anticipates potentially purchasing one affordable home through the foreclosure process during the Implementation Plan term. d. Homeless Assistance and Supportive Services (non-local resource) The City has allocated $60,000 in CDBG funds to continue its financial support of homeless assistance and supportive services in the City. The City's goal for this program is to assist 200 homeless individuals per year during the 2"d Five-Year Implementation Plan. It is estimated that 1,413 people have been assisted since July 1, 2008. e. Administrative Support Expenditures ($1,439,579) Administrative Support costs incurred and directly related to implementing the housing program include salaries, overhead, consultant and legal expenses, supplies, etc. The Agency's administrative program support expenditures from Housing Set-Aside Funds must be determined each year and found to be necessary to implement the housing program (CRL Section 33334.3(d)). As a result of decreased development activity, the Agency has implemented cost saving measures, reduced housing staff and expects to spend less than originally estimated. CRL Section 33334.12(g)(1) identifies that beginning fund balances in any year which exceed the higher of $1M or the sum of the prior 4 year deposits and which are funds that have not been contractually encumbered are considered "Excess Surplus" and such funds must be expended 25 within one year. The Agency has contractually encumbered its Housing Set-Aside Fund balance and, as a result, is in compliance with CRL. 111.6 PROPORTIONAL EXPENDITURE OF HOUSING FUNDS Section 33334.4(a) of the CRL requires expenditures in the Low and Moderate Income Housing Fund during a 10-year period to assist very low and low income households in at least the same proportion as the total number of units needed within the community. The proportion of very low, low and moderate income units is determined for each community on the basis of the unmet need for housing amount certain income group categories as reflected in the City's share of the regional housing needs identified pursuant to Section 65584 of the California Government Code (the Regional Housing Needs Assessment (RHNA)). In addition, CRL Section 33490(a)(2)(C)(i) requires the Agency to identify the number of housing units needed for very low, low and moderate income persons as each of those needs have been identified in the most recent determination pursuant to Section 65584. The number of housing units was produced by the Southern California Association of Governments (SCAG) and has been in effect since January 1, 2006 and was included in the recently adopted Housing Element of the General Plan. At the time of the 2"d Five-Year Implementation Plan's adoption, the Agency's RHNA proportional expenditure requirements were 37% for very low income households and 29% for low income households. Pursuant to CRL Section 33334.4(a), the Agency may adjust the proportion by subtracting from the need identified for each income category, the number of units for persons of that income category that are newly constructed over the duration of the implementation plan with other locally controlled assistance and without agency assistance. The City initiated the development of additional very low, low and moderate income housing in the MCAS Tustin Project Area through density bonus incentives. Therefore, the Agency is permitted to adjust the proportional expenditure requirements accordingly. In addition, MCAS Housing Set-Aside Funds can be used outside of the Project Area based upon an adopted benefit resolution and the Agency will insure funds used as such will assist the Agency's efforts to comply with the 10-year requirement. As a result of the housing activities that have occurred to date and as adjusted pursuant to Section 33334.4(a) of CRL, the Agency will be required to have spent, at minimum, 20% of Housing Set-Aside Funds for very low income households and 36% for low income households. The target is intended over a 10-year period of the Implementation Plan and not measured strictly on an annual basis. The goal will be adjusted in conjunction with any further locally assisted projects not funded by the Agency. The Agency expects that it will be able to ensure that expenditures are in proportional compliance with Section 33334.4(a). In addition, as of January 1, 2003, according to CRL Section 33334.4(b), each redevelopment agency shall expend, over the duration of each redevelopment Implementation Plan, funds for all persons regardless of age in at least the same proportion as the number of low-income households with a member under age 65 years as compared to the total number of low-income 26 households of the community as reported in the most recent census of the United States Census Bureau. According to the 2000 U.S. Census, 87% of low-income households in Tustin included a member under the age of 65. Therefore, it is the Agency's goal to spend at minimum 87% of the moneys in the Housing Fund for non-senior affordable housing activities to reflect this proportion of persons under 65 years of age in the community. All of the units produced to date are for family housing and no expenditures have been made for senior housing units. Coventry Court, housing development for active seniors, is projected to open in FY 2011/12; providing 153 affordable units as a result of City density bonus incentives, therefore no direct Housing Set-Aside Funds are committed to this project. 111.7 AFFORDABLE HOUSING COMPLIANCE PLAN a. Housing Production The MCAS Tustin Project Area was adopted in 2003, and as a result, is subject to housing requirements contained in Section 33413 of CRL. These requirements mandate that certain percentages of all housing developed in the project area be affordable to low to moderate income households. • At least 15% of the units developed or substantially rehabilitated in the Project Area (there are currently only new units being developed) by public or private entities other than the Agency (including such entities receiving agency assistance) must be available at an affordable housing cost to, and occupied by, persons and families of low to moderate income. Of these units, not less than 40% must be affordable to very low income households. This translates to a very low income requirement of 6% of the total units developed in the Project Area. • Although rehabilitation and construction activities are not currently envisioned for the Agency directly by the Implementation Plan, at least 30% of the housing developed or substantially rehabilitated by the Agency itself within a project area must be available at affordable housing cost, and occupied by persons or families of low to moderate income. Of these units, 50% must be affordable to very low income households. This translates to a very low income requirement of 15% of the total project area units developed or substantially rehabilitated by the Agency. This requirement applies only to units directly developed by the Agency and would not apply to units developed by housing developers pursuant to agreements with or assistance from the Agency. Per Section 33413(b)(2)(A)(iii) of the CRL, substantially rehabilitated dwelling units means all units substantially rehabilitated with Agency assistance. Section 33413(b)(2)(A)(iv) of the CRL also defines substantial rehabilitation as "rehabilitation, the value of which constitutes 25% of the after rehabilitation value of the dwelling, inclusive of land value." Effective January, 2004, long term affordability covenants must be recorded on dwelling units produced pursuant to Section 33413 of the CRL, requiring that the units be maintained at an affordable housing cost to, and occupied by, persons and families of low to moderate income, for 27 the longest feasible time, but not less than 55 years for rental units and 45 years for owner occupied units. The affordability controls on such units must be made enforceable by recorded covenants or restrictions in the same manner as required for units assisted by the Agency's 20% Housing Set Aside Fund if they are to count towards meeting production requirements. Section 33413(b)(4) of the CRL also requires that the Agency's Implementation Plan for housing activities must be consistent with the community's housing element and the Agency's housing production requirement must be met every ten years. If more than the required number of low and moderate income units are developed in the 10-year period, the affordable units in excess of the required number may be counted towards the Agency's requirements for the next 10-year period. If fewer than the required number of units are developed at the end of the ten year period, the Agency must meet its production goals on an annual basis until the requirements for the 10-year period are met. The Agency may cause the required inclusionary housing units to be produced inside or outside the redevelopment project area, but all units developed or substantially rehabilitated by the private sector, require two units outside the project area for each unit that otherwise would have had to be available inside the project area. b. Past Production of Affordable Units in the Project Area The MCAS Tustin Specific Plan has authorized the development of 4,210 housing units, of which 4,076 units are proposed within the MCAS Tustin Redevelopment Project Area. Approximately 21% of the housing is projected to be available at an affordable housing cost to low and moderate income households. At the time of this Mid-Term Report for the Second Implementation Plan, there have been 1,614 housing units built, including 273 affordable ownership units. The Agency is currently exceeding the housing production requirements for low and moderate income units and is 27 units behind on the very low income unit requirement. It was not projected during the term of the 2"d Five- Year Implementation Plan that the Agency would substantially rehabilitate dwelling units within the Project Area; all of the affordable units within the Project Area are new or have been constructed within the last five years. c. Housing Units to be Developed (Future Production). Depending upon the financial constraints created by the passage of AB1X 26 and ABiX 27, successful implementation of projects, programs, and expenditures identified previously in the housing portion of the 2"d Five-Year Implementation Plan could create some additional new affordable units over the remaining two years of the Plan as described previously under individual programs. While some housing development is intended to occur over the last two years of the Implementation Plan, the Agency may not completely meet its program objectives. However, the Agency does not anticipate any problem in meeting its required housing affordability production obligations under State Law when units are actually constructed. 28 111.8 REPLACEMENT HOUSING OBLIGATIONS Section 33413(a) of the CRL requires that whenever dwelling units housing low or moderate income households 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 rehabilitated, developed, or constructed, an equal number of replacement dwelling units which have an equal or greater number of bedrooms as those removed or destroyed at affordable housing costs within the jurisdiction of the Agency. The replacement housing 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. The MCAS Tustin Redevelopment Plan and 2"d Five-Year Implementation Plan have determined that no replacement housing unit obligations would occur. 111.9 ADDRESSING BLIGHTING CONDITIONS THROUGH HOUSING ACTIVITIES The CRL requires an explanation of the relationship between proposed projects, programs and expenditures to the elimination of blight with the project area during the period of the plan. At the time the MCAS Tustin Redevelopment Plan was adopted, the plan spoke to health and safety conditions of buildings, and the factors that characterize economic dislocation, deterioration or disuse. The following is a list of major blighting characteristics identified in the MCAS Tustin Redevelopment Plan and how the proposed Agency housing programs during the 2nd Five-Year Implementation Plan will eliminate or prevent the spread of these blighting conditions within the Project Area: • Unsafe/Unhealthy Buildings. The former MCAS Tustin base contains buildings and structures used by its former occupant, the Marine Corps. Many of these buildings contain materials that are no longer considered suitable for human occupancy. In addition, most of the buildings are special purpose military buildings including hangars used in the upkeep and maintenance of helicopters. Many of the buildings date back to the 1940's and 1950's, none of the buildings have been maintained since the early 1990's. Areas zoned for residential development will benefit from the Ownership Multi-Family New Construction and Multi-Family Rental New Construction programs. Despite the economy, some additional development is anticipated which will permit construction and require buildings and other structures that are unsafe and unhealthy to be removed. • Factors that Hinder Economic Viability Use. Inadequate and obsolete infrastructure, inadequate and obsolete buildings, and hazardous waste are factors that hinder economically viable uses. Any residential development that occurs during the remainder of the 2nd Five-Year Implementation Plan, including Ownership Multi-Family New Construction and Multi-Family 29 Rental New Construction programs, will involve removing obsolete buildings and replacing inadequate and obsolete infrastructure. • Adjacent/Nearby Incompatible Uses. The former Marine base contained military uses that are not compatible with the uses adopted in the Reuse/Specific Plan and the MCAS Tustin Redevelopment Plan. During the first and 2"d Five-Year Implementation Plan terms, housing programs will result in removal of incompatible uses. While some continue to remain, incompatible uses are being addressed by current or planned future activities. • Buildings on Land That When Subdivided Would not Meet Local Regulations. The former Marine base contained buildings that are or were not compatible with the City's zoning code. The buildings occupying the former base were built for military functions and were exempt from local regulations as a Federal facility. None of the buildings on the former base were found suitable for occupancy. Most of the former military facilities including the majority of the aircraft runways, taxiways and aprons have been removed during the term of the Second Implementation Plan. Housing activities, when the land is subdivided will be addressed by current or planned future activities. • Inadequate Infrastructure & Public Improvements. Existing infrastructure serving the former MCAS Tustin base is antiquated having deteriorated over time. Additionally, the infrastructure did not have the capacity to adequately serve the proposed uses under the Reuse/Specific Plan. Infrastructure necessary to serve the uses under the Reuse/Specific Plan was installed during the term of the initial Implementation Plan by the private sector under various financing mechanisms. Not all of the necessary infrastructure can be installed by the private sector without financial assistance from the Agency. Under the First and Second Implementation Plan appropriate public infrastructure is being installed to allow for the development of the Tustin Legacy project including infrastructure necessary to support housing activities. Additional infrastructure will continue to remain important for implementation of housing activities. • Buildings that did not Conform to Codes Effective when Built. The closure of the Marine Corps base resulted in the abandonment of buildings and the creation of vacant lots. During the term of the 2"d Five-Year Implementation Plan, the Agency has been engaged with private sector developers and public entities to develop formerly vacant properties and reuse properties that contained military buildings with no functional uses, other than military. During the remaining term of the 2~d Five-Year Implementation Plan, development of vacant lots for housing activities will be expected. • Facilities that must be Removed to Allow Development. Buildings on the former military base will be demolished that are unsafe or unhealthy. All of the former military buildings are in various stages of decay due to lack of maintenance after the base was abandoned by the 30 Marine Corps in the early 1990's. Removal of existing buildings, facilities, and infrastructure is intended to eliminate incompatible adjacent or nearby uses such as the presence of military or aircraft-related uses that are now obsolete, but would facilitate the effective reuse and development of non-military uses in the Project Area. During the term of the Second Implementation Plan most of the former military facilities that are within the Agency or City's control have been removed outside the immediate area of the two blimp hangars. While some continue to remain, they are being addressed by current or planned future housing activities. Hazardous Waste. The programs proposed are intended to eliminate or alleviate hazardous waste conditions and encourage private investment in the Project Area. During the term of the first and 2~d Five-Year Implementation Plans, the Agency continues to work with local, regional, state, and federal agencies in clean-up activities resulting from military operations which will impact housing activities. 31 Attachment A 32 SECOND FIVE-YEAR IMPLEMENTATION PLAN FOR THE MCAS TUSTIN REDEVELOPMENT PROJECT AREA (FY 2008-2009 to FY 2012-2013) Tustin Community Redevelopment Agency July, 2008 TABLE OF CONTENTS SECTION I -FIVE YEAR IMPLEMENTATION PLAN INTRODUCTION .................................. 5 SECTION II -FIVE YEAR IMPLEMENTATION PLAN FOR NON-HOUSING ACTIVITIES 11.1 Background ...................................................................................................... 10 11.2 Major Accomplishments .................................................................................. 13 11.3 Non-Housing Program Financial Resources .................................................... 20 11.4 Existing Debt Obligations (Non-Housing and Housing) ................................... 21 11.5 Agency Five Year Non-Housing Implementation Activities ............................. 23 11.5.1 Introduction ........................................................................................ 23 11.5.2 Cash Flow ............................................................................................ 24 11.5.3 Five Year Projects, Programs, and Expenditures ................................ 25 SECTION III -FIVE YEAR IMPLEMENTATION PLAN FOR HOUSING ACTIVITIES III.1 Introduction .................................................................................................... 33 111.2 Background ..................................................................................................... 33 111.3 Recent Legislation Affecting Housing Activities ............................................. 35 111.4 The Low and Moderate Income Housing Funds Available ............................. 35 111.5 Housing Programs, Projects and Expenditures .............................................. 37 111.6 Proportional Expenditure of Housing Funds .................................................. 40 111.7 Affordable Housing Compliance Plan ............................................................. 46 111.8 Replacement Housing Obligations ................................................................. 50 SECTION IV - RELATIONSHIP TO BLIGHT .......................................................................... 51 SECTION V -SUMMARY and CONCLUSION ...................................................................... 55 Tustin Community Redevelopment Agency Page 12 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 LIST OF FIGURES FIGURE I-1 Summary of Legal Requirements ................................................................. 5 FIGURE I-2 Physical and Economic Blight Defined ......................................................... 7 FIGURE I-3 MCAS Tustin Redevelopment Project Area Map ......................................... 8 FIGURE II-1 Redevelopment Goals and Objectives MCAS Tustin Project Area ............... 11 FIGURE II-2 Project Area Data Summary ......................................................................... 12 FIGURE II-3 Highlights During Initial Implementation Plan ............................................ 13 FIGURE II-4 Five-Year Non-Housing Activities Illustrative Cash Flow ............................. 24 FIGURE II-S Programs -Non-Housing Expenditures ........................................................ 31 FIGURE III-1 Summary of Housing Set-Aside Funds ......................................................... 36 FIGURE III-2 Five-Year Housing Programs Illustrative Cash Flow ..................................... 39 FIGURE III-3 Estimate Annual Distribution of Assisted Units & Households ................... 40 FIGURE III-4 2006-2014 RHNA Adjusted Affordable Housing Expenditure Goal ............. 42 FIGURE III-5 Ten Year RHNA Affordable Housing Expenditure Compliance Plan ............ 45 FIGURE III-6 Project Area Inclusionary Housing Production ............................................ 48 FIGURE III-7 Future Project Area Inclusionary Housing Production ................................ 49 FIGURE IV-1 MCAS Tustin Project Area Blight Elimination Relationship Table ................ 54 APPENDIX TABLES APPENDIX A Affordable Housing Production Tabulations ................................................ 56 APPENDIX B Public Infrastructure and Community Facilities ........................................... 58 Tustin Community Redevelopment Agency Page 13 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Section I Five-Year Implementation Plan Introduction Tustin Community Redevelopment Agency Page ~ 4 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 INTRODUCTION This document has been prepared by the Tustin Community Redevelopment Agency ("Agency") pursuant to Article Section 33490 of California Community Redevelopment Law ("CRL" or "State Law") (Figure I-1). It is the Second Five-Year Implementation Plan ("Plan") for the Redevelopment Plan ("Redevelopment Plan") for the MCAS Tustin Redevelopment Project ("Project" or "Project Area") in the City of Tustin (the "City"). Redevelopment Agencies are required to adopt an Implementation Plan every five years. The initial Implementation Plan for MCAS Tustin was incorporated into Section VI of the Report to City Council during the adoption process for the MCAS Tustin Redevelopment Plan. The Agency approved a Report to the City Council for the MCAS-Tustin Redevelopment Project ("Report") and authorized its transmittal to the Tustin City Council on April 21, 2003. This Report includes an Implementation Plan for the MCAS Tustin Project Area pursuant to Section 33352(c) of CRL. The City and Agency subsequently considered the Report to the City Council and the Redevelopment Plan and introduced Ordinance No. 1276 to approve and adopt the Redevelopment Plan for the MCAS-Tustin Redevelopment Project on June 2, 2003. Ordinance 1276 was subsequently adopted on June 16, 2003. Amid-term review and public hearing on the initial Implementation Pfan occurred on June 19, 2006, as required by CRL. SUMMARY OF LEGAL REQUIREMENTS California Community Redevelopment Law, Article 16.5, Section 33490 Section 33490(a) of the California Community Redevelopment Law requires each redevelopment agency to adopt an implementation plan every five years that includes: • The Agency's specific goals and objectives for its redevelopment project areas. • Specific programs, including potential projects, and estimated expenditures for the next five years. • An explanation of how these goals, objectives, projects, and expenditures will eliminate blight in the Project Areas. • An explanation of how these specific goals, objectives, projects and expenditures will implement the low and moderate-income housing requirements mandated bylaw, including the following: 1. An annual Housing Program for the five-year term that provides sufficient detail to measure performance of the Low and Moderate Income Housing Fund requirements. 2. An estimate of the number of housing units to be rehabilitated, assisted, price restricted, or destroyed during the term of the redevelopment plan for the MCAS Tustin redevelopment project. 3. An outline of the Agency's plan in using the Low and Moderate Income Housing fund including annual deposits, transfer of funds, or accruals for special projects. 4. An identification of programs and projects that will result in the destruction of existing affordable housing (if any) and the proposed locations for replacement housing. 5. The Agency's Ten-Year Housing Affordability Compliance Plan as required by California Community Redevelopment law, Sections 33413(b)(4) and 33490 (a)(2). The purpose of the Second Five-Year Implementation Plan for the MCAS Tustin Redevelopment Project, for non-housing activities, is as follows: Tustin Community Redevelopment Agency Page 15 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 • Revisit the goals and objectives of the Redevelopment Plan. • Define the Agency's strategy for achieving the goals and objectives of the Redevelopment Plan. ~ Identify anticipated programs, projects and estimated expenditures for the next five- yearperiod (Fiscal Years 2008/2009 through 2012/2013). • Describe how these programs, projects, and expenditures will eliminate blight in the Project Area. The Second Five-Year Implementation Plan should address the Agency's housing activities as follows: • Demonstrate how the statutory requirements for the set-aside and expenditure of tax increment for housing purposes will be met including programs, projects and expenditures directed towards increasing, improving, and preserving the community's supply of low and moderate-income housing. • Identify how residential development will be implemented in the Project Area per the Agency's established goals and in compliance with the CRL. The elimination of blight as summarized, which follows in Figure I-2 below, is a fundamental purpose for redevelopment under CRL and is discussed more fully in Section II of this Plan. The provision of affordable housing is another fundamental purpose under the CRL, and is addressed in Section III of this Plan. While identification of specific programs, including projects, and estimates of expenditures proposed to be made is required under CRL, the Implementation Plan should be viewed as a policy and program document. The intent is not to restrict the Agency's activities since the conditions, expectations, resources, and needs of the Project may change from time to time. Rather, this Plan outlines the current expectations of the Agency for the next five years. This Plan will be subject to a mid-term review by the Agency Board of Directors. Tustin Community Redevelopment Agency Page 16 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Blight A primary requirement of a Redevelopment Project and an Implementation Plan is to address the elimination of and the prevention of the spread of blight. Figure I-2 provides a definition of physical and economic blight conditions under the CRL existing at the time of adoption of the Redevelopment Plan. The CRL has been amended since the adoption of the Plan, but the operative definitions of blight, for purposes of the Plan, are as set forth in Figure 1-2. Some of the conditions continue to exist in the MCAS Tustin Project Area and are addressed in Section II of this Implementation Plan. Figure I-2 PHYSICAL AND ECONOMIC BLIGHT DEFINED California Community Redevelopment Law, Article 3, Sections 33030 and 33031 Sections 33030 and 33031 of the California Community Redevelopment Law define blight to include: Unsafe/Dilapidated/Deteriorated Buildings. Buildings in which it is unsafe or unhealthy for persons to live or work. These conditions can be caused by serious building code violations, dilapidation or deterioration, defective design or physical construction, faulty or inadequate utilities, or other similar factors. Physical Conditions that Limit the Economic Viability and Use of Lots and Buildings. Factors that prevent or substantially hinder the economically viable use or capacity of buildings or lots. These conditions can be caused by a substandard design, inadequate size given present standards and market conditions, lack of parking, or other similar factors. Incompatible Uses. Adjacent or nearby uses that are incompatible with each other and which prevent the economic development of those parcels or other portions of the project area. Lots of Irrettular Shape, Inadequate Size, and Under Multiple Ownership. The existence of subdivided lots of irregular form and shape and inadequate size for proper usefulness and development that are in multiple ownership. Inadequate Public Infrastructure/Facilities. The existence of inadequate public improvements, parking facilities, open space, or utilities. Depreciated/Stagnant Property Values; Impaired Investments. Depreciated or stagnant property values or impaired investments, including, but not necessarily limited to, those properties containing hazardous waste that required the use of agency authority as specified in Article 12.5 (commencing with Section 33459). High Business Turnovers and Vacancies/Low Lease Rates/Abandoned BuildinasNacant Lots. Abnormally high business vacancies, abnormally tow lease rates, high turnover rates, abandoned buildings, or excessive vacant lots within an area developed for urban use and served by utilities. Lack of Commercial Facilities. A lack of necessary commercial facilities that are normally found in neighborhoods, including grocery stores, drug stores, banks, and other lending institutions. Residential Overcrowdina/Excess Bars, Liquor Stores, Adult Businesses. Residential overcrowding or an excess of bars, liquor stores, or other businesses that cater exclusively to adults that has led to problems of public safety and welfare. High Crime Rates. A high crime rate that constitutes a serious threat to the public safety and welfare. Tustin Community Redevelopment Agency Page 17 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 The boundaries for the MCAS Tustin Redevelopment Project Area are shown in Figures I-3. FIGURE I-3 MCAS TUSTIN REDEVELOPMENT PROJECT AREA ' t~ ~ I * __ '. - I ~ \~ \\t ac+~.u .-.-I - ~' . - - n•srty f ~ L5 MAN1V~, llNtl'! Alit t7A'l()~ i I ( . ~ ' ~ ~.n..a . qtr l ? ` E~ ~ i'f ~ ~~~ _~ y` - 1 1~ ~ x Y I r '\ I ''"'"' - FIGURE I-3 O IR. ,,,. Arr. N.in~:.r. I ,., k,.. j,.„.,, ~ MCAS Tustin Redevelopment ! ,.. ~.... Project Area Project Area Boundary Tustin Community Redevelopment Agency Page 18 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Section II Five-Year Implementation Plan for Non-Housing Redevelopment Activities Tustin Community Redevelopment Agency Page ~ 9 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 I1.1 BACKGROUND MCAS REDEVELOPMENT PLAN The MCAS Tustin Redevelopment Project Area is comprised of a total of 1,508.6 acres of property within the City of Tustin including approximately 1,504.5 acres at the former MCAS Tustin base and 4.1 acres outside the former MCAS Tustin base. The Project Area, referred to as Tustin Legacy, is located in a heavily urbanized location surrounded by residential, commercial and light industrial uses. At the time of adoption the Project Area represented one of the few vacant or significantly underutilized developable tracts of land in central Orange County. Former land uses on site before adoption of the Project Area largely consisted of operations associated with the operation of the Marine Corps base including airfield operations, training, aircraft maintenance, supply and storage, medical and dental administration, family housing, bachelor housing, community support, recreation, and vacant land. Some of the base was leased for interim agriculture uses to private parties. Land uses for the reuse of the former MCAS Tustin are those outlined in the MCAS Tustin Reuse Plan/Specific Plan adopted February 2, 2003 by Ordinance No. 1257 as subsequently amended. Land Uses include low density residential, medium density residential, medium high density residential, transitional/emergency housing, residential village, commercial business, commercial, village services, community core, educational village, urban regional park, community park, neighborhood parks, and schools. Tustin Community Redevelopment Agency Page 110 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Lifestyle Center -The District The MCAS Tustin Redevelopment Plan identifies a number of goals and objectives as follows in Figure II-1: Redevelopment Goals and Objectives -MCAS Tustin Project Area Major goals and objectives for the Project Area as described in the Redevelopment Plan and the initial Implementation Plan are as follows: 1. The elimination of blighting influences and the correction of environmental deficiencies in the Project Area, including, among others, (i) buildings in which it is unsafe or unhealthy for persons to live or work, buildings on land that, when subdivided or when infrastructure is installed, would not comply with community subdivision, zoning or planning regulations and buildings that, when built, did not conform to the then-effective building, plumbing, mechanical, or electrical codes adopted by the applicable jurisdiction; (ii) factors that prevent or substantially hinder the economically viable reuse or capacity of buildings or areas; (iii) adjacent or nearby incompatible and uneconomic land uses; (iv) properties currently served by infrastructure that do not meet the existing adopted utility or community infrastructure standards; (v) land containing materials or facilities that will have to be removed to allow for development such as runways and landing pads; and, (vi) properties containing hazardous wastes. 2. The assembly of land into parcels suitable for modern, integrated development with improved pedestrian and vehicular circulation in the Project Area. ', 3. The re-planning, redesign, reuse and redevelopment of portions of the Project Area which are stagnant or improperly utilized. 4. The provision of opportunities for participation by owners and tenants in the revitalization of their properties. 5. The strengthening of the economic base of the Project Area by stimulating new investment and economic growth. 6. The creation of employment opportunities. 7. The provision of an environment for social and economic growth. The expansion, preservation, and improvement of the community's supply of housing available to low- and moderate-income persons and families. The installation of new or replacement of existing public improvements, facilities, and utilities in areas which are currently inadequately served with regard to such improvements, facilities, and utilities. Tustin Community Redevelopment Agency Page 111 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 As noted in Section I, the MCAS Tustin Redevelopment Plan was adopted on June 16, 2003 by Ordinance 1276. The Redevelopment Plan has been subsequently amended. Figure II-2 is a summary of the Project Area's description, plan elements, plan limits, and debt capacity. FIGURE II-2 MCAS TUSTIN REDEVELOPMENT PROJECT AREA DATA SUMMARY Project Area Size, Location and Characteristics The MCAS Tustin Redevelopment Project Area is comprised of 1,508.6 acres including 1,504.5 acres that were part of the former MCAS Tustin base and 4.1 acres that are located outside the former base boundaries. Redevelopment Plan Elements Date Ordinance No. Redevelopment Plan Adopted June 16, 2003 Ord. No. 1276 Redevelopment Plan Amendment No. 1 (descri tion of A enc p g y programs) April 3, 2007 Ord. No. 1334 Redevelopmerrlt Plan limits • Last Date to Incur Project Area Indebtedness` July 16, 2023 or from date of Auditor's Certification • Redevelopment Plan Expiration Date" July 16, 2033 or from date of Auditor's Certification • Last Date to Receive Project Area Tax Increment"' July 16, 2048 • Expiration Date for Eminent Domain Authority"" 12 years from effective date of ordinance 1276 or July 16, 2048; modified to June 13, 2015 • Total Amount of Permitted Bonded Debt $180,000,000 would be outstanding at any one time • Maximum Amount of Tax Increment $833,000,000 (100%) • The Agency shall not establish or incur loans, advances, or indebtedness to finance in whole or in part the Project beyond 20 years from the date the County of Orange Auditor makes its certification pursuant to Section 33492.9 of the CRL. Loans, advances, or indebtedness may be repaid over a period of time beyond said time limit. This time limit shall not prevent the Agency from incurring debt to be paid from the low and Moderate Income Housing Fund or establishing more debt in order to fulfill the Agencys housing obligations under Section 33413 of the CRL. ''County Auditors Certificate per Redevelopment Plan "'Redevelopment Plan Expiration Date and Last Date to Receive Project Area Tax Increment may be extended for one year for each year ERAF Payment is made to State pursuant to Health & Safety Code Section 33333.6 (revised per SB1045). "''Per Ordinance No. 1334 Tustin Community Redevelopment Agency Page 112 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 11.2 MAJOR ACCOMPLISHMENTS 1. Acquisition and Disposition of Property in Project Area The Agency has been responsible for administering the conveyance, development and leasing of all City-owned properties conveyed to the City by the Navy under the terms and conditions of an Economic Development Conveyance Agreement approved in 2002. Since 2002, all properties conveyed to the City by the Navy ("City owned properties") intended for conveyance or leasing to private entities, public agencies, and non-profit institutions have been committed through conveyance agreements, disposition and development agreements or interim lease agreements intended for eventual conveyance, as appropriate. The status of those dispositions is detailed as follows, including the highlights identified in Figure II-3: Highlights During Initial Implementation Plan Residential Uses Constructed: 765 dwelling units constructed of a potential 4,210 dwelling units permitted per MCAS Tustin Specific Plan. Commercial Uses Constructed: 1 million square feet of retail space within a regional Class A retail center. Educational Uses: Two community college districts have completed campus improvements including the Rancho Santiago College Law Enforcement Training Facility and Phase 1 of the South Orange County Community College Advanced Technology Education Campus. Transitional Housing: Orange County Rescue Mission has completed a transitional homeless facility, known as the Village of Hope, that contains 192 residential units. Total Valuation and Tax Increment: New development has generated $924M in assessed valuation to date and over $lOM in tax increment. Land Dispositions: Private transactions have a land purchase price value of $332.2 million dollars, plus additional back-side profit participation on all transactions. Jobs Created: To date, over 4,155 construction jobs have been generated and 2,055 permanent jobs. • Regional Retail Site f;The District at Tustin Legacy) The City conveyed 87 acres to Vestar/Kimco Tustin, L. P., for development of The District at Tustin Legacy, a 1,006,000 square foot regional Class A retail center, located at the northwest corner of Jamboree Road and Barranca Parkway. The Specific Plan/Reuse Plan authorized up to 1,006,000 square feet of regional retail uses on this site. The developer opened the center in May 2007; most of the vertical improvements on the restaurant pads were completed during 2008. Tustin Community Redevelopment Agency Page 113 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 ~~~ a.i.tr iret.iwll 1a.44°Ilo. r 6vlrla~ IE71111 D01/i LMYyI°UIrI ~ Tw°n lAn[.~Naan MiatRiropt ~ .MOPrN 1bM 4rpf \ S°a°I i ,l, a ~m ~ f R"ITiln NOM ° P°° 7.~°I WIAW OKTMI flfr TRl • Vt[r[°(OIYMYgM°G°W .inn nl.wrr.wlua • WNIaNLLnIIMM°NArYI 0 vw.l niwlll°WMf°II • a.nuu PIIICTOM111BM • ~°It~nl [IitY rM1 • ~Ittt.N [IMY NIWO e t/IM1TtI (IMy°1W ~MRl • NptNNM P+ICl11M1rAp • nN RM• • M\l ll%Nt°14n01 O NW(1 S~•AIMIWW o N,[it,NNP.~.rwlr I.nuuwlvnlw un mnwr • nl,wtt~~=ftw<turs ~ ....1.t.-..°.nnwmml°wwt The District -Master Plan • Tustin Master Development (Legacy Park at Tustin Legacy) The City entered into a Disposition and Development Agreement (DDA) with Tustin Legacy Community Partners LLP (TLCP) in April 2006 for the development of approximately 820 acres. Of the total 820 acres the land uses are distributed as follows: 185 acres as residential, 234 acres as non-residential including office and retail, and 403 acres for open space and _ ~- ~ _ _ _ _ institutional uses such as i ~~(~~Ns; ~ ,~, '°' ~ ,u.t' schools. The DDA is ~• ` _ '_- ~ 1~ .~ "`" performance based "° ~ - -nom// 4~~. ~., , t tri M I ....P ~~' .... w..> - - IINa conveying parcels by phase . ._ ~ _~ based on development _ ~'" ='°` ''` "`i "~ ) progress. In June 2007, the ~i.. '' ter . . 1': e~ first phase, consisting of & ~!Ij`-. °J~ W l " ~' ~ ~F~ ~,, approximately 320 acres, I _, w~ _-.,;~ _ was conveyed to TLCP for ~ =°~ w~~L"''\ ~ _ ~:~ ~ Cio>~w w ~ _... - - development including the .. N - °- ~. following uses: residential, ~ `° ~~ ~ _ ~ office, retail, and open ~ + ~' space, and public infrastructure. Tustin Community Redevelopment Agency Page 114 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 • Residential Vertical Builders Tustin Fields I and II (W.L. Homes, dba John Laing Homes): The City disposed of approximately 67 acres for the development of 565 residential units of which 118 or 21% were affordable units. Construction and occupancy of the units was completed in the years 2004 through 2006. .~ . . '~ f~ i~ :~ Villages of Columbus (Marble Mountain Partners, LLC and Moffett Meadows Partners, LLC): Approximately 229 acres were conveyed by the Navy through a public bid sale to Marble Mountain Partners, LLC and Moffett Meadows Partners, LLC. Of the approximately 229 acres, approximately 161 acres are in the Project Area. Of the 1,390 approved residential units within the Project Area within Villages of Columbus, approximately 800 have completed to date. • Public and Institutional including Non-Profit Conveyances. Approximately 67 acres on the west side of the Project Area, within the Education Village, have been designated in the Specific Plan/Reuse Plan and Redevelopment Plan for institutional uses and have been conveyed as follows: Tustin Community Redevelopment Agenty Page i 15 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 a. South Orange County Community College District (SOCCCD): 37.66 acres conveyed by quit claim deed and 30.71 acres by sublease. Both the conveyance and lease agreements are between the City and SOCCCD. b. Rancho Santiago Community College District (RSCCD): 15 acres conveyed by quit claim deed. The conveyance agreement was between the City and RSCCD. c. Orange County Rescue Mission (OCRM): 5.1 acres conveyed by quit claim deed. The property was conveyed pursuant to a settlement agreement between the City and OCRM. d. Transitional Housing: The City has secured the transfer of 18 newly constructed units to three homeless providers within the Project Area: 6 units to the Salvation Army, 6 units to Human Options, and 6 units to Orange Coast Interfaith Shelter. All conveyances were at no cost to the homeless provider. The City has also secured a 16 unit apartment complex for a homeless provider, the Salvation Army, off-site, at no cost. These transactions were conducted in partnership with WL Homes (dba John Laing Homes) and Lennar/William Lyon Homes. e. County of Orange (Social Services Agency): 4 acres were conveyed directly from the Federal Department of Human Health Services (HHS) to the County of Orange Social Services Agency in 2006. f. Tustin Unified School District (TUSD): 10-acre elementary school site, adjacent to Red Hill Avenue, was conveyed directly from the Federal Department of Education to the Tustin Unified School District in 2003. Additionally, the City in 2008, prepared Conveyance Agreements for the development of a future high school site (40-acre) and a future elementary school site (10-acre). Conveyance of these sites, by the City to TUSD, is anticipated to occur by the end of calendar year 2008. The Agency did not acquire any land in the Redevelopment Project Area during the term of the initial Implementation Plan. 2. Demolition/Clearance and Site Preparation A considerable amount of demolition has been completed and will continue to occur in the overall redevelopment of the former MCAS Tustin base. During the initial Implementation Plan significant demolition was conducted on the site of the former MCAS Tustin Marine base which included the removal of runways and tarmac, demolition of obsolete and substandard buildings and residential units, and demolition of existing roadways and utility systems. Much of the demolition, clearance and site preparation was accomplished as a condition of the Disposition and Development Agreements Tustin Community Redevelopment Agency Page 116 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 between the developers associated with the designated sites to accommodate new developments. Over 80% of all materials generated as a result of demolition from the former base are also recycled on-site and are used in the new construction of public and private streets. 3. Public Improvements and Facilities During the initial term of the Implementation Plan, over $130 million dollars of infrastructure and related capital improvement projects were completed. In addition, $300 million of improvements are under design. Work has been completed on the following Tustin Legacy roadways with all related utility systems, including storm drains, dry utilities, and traffic control improvements. Infrastructure Improvements Completed: • Kensington Park Road (formerly known as the West Connector) • Valencia Avenue -Red Hill Avenue to Kensington Park Road • Lansdowne Avenue • Edinger Avenue -From approximately 1400 East of Red Hill to Harvard Avenue • Armstrong Avenue -Valencia Avenue to future Warner Avenue • Severyns Road • Park Avenue (formerly known as South Loop Road) - Warner to Tustin Ranch Road • Tustin Ranch Road -Warner Avenue to Barranca Parkway • Warner Avenue -Tustin Ranch Road to Jamboree Road • Modification to Warner Ramp at Jamboree Road and the transition area of the west leg of the Eastern Transportation Corridor. 4. Environmental Remediation Activities After the 1991 announcement that MCAS Tustin would close, the Navy pursuant their responsibilities as the occupant of the base, commenced remediation of military contaminants to support reuse of the property as approved in the MCAS Tustin Specific Plan. Hundreds of sites at the former Marine facility have been investigated, documented and remediated, as needed. Agency staff actively participates with Navy staff and state and federal regulatory agencies (United States Environmental Protection Agency, California Environmental Protection Agency/Department of Toxic Substances Control and Regional Water Quality Control Board) in reviewing and commenting on Navy remediation documents, and providing recommendations to assist the Navy in selecting remedies that support rapid economic development and reuse at the site. Since adoption of the initial Implementation Plan, the Navy has continued to make significant progress on several major initiatives to resolve MCAS Tustin's remaining Installation Restoration Programs. During this period, significant progress was made in investigating and remediating the Operable Units (OUs), IRP sites, and Resource Tustin Community Redevelopment Agency Page 117 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Highlights include: • OU-1A - Progress was made to remediate primarily TCP 1, 2, 3 and MTBE groundwater contamination plumes at OU-lA and Underground Storage Tank (UST) Site 222 utilizing two groundwater pumps and treat systems including the removal of hot spots in soil that previously served as the source of the site's groundwater contamination. Construction of the final treatment system was completed in November 2007 and has been operational since December 2007. • OU-16 -Progress was made to remediate primarily TCE groundwater contamination plumes at OU-1B. Construction of the final treatment systems were completed in November 2007 (North treatment system in Carve-Out 5) and December 2007 (South treatment system in Carve-Out 6) and have been operational since December 2007 and January 2008, respectively. • OU-46 - On August 23, 2005, the Navy issued a Draft Feasibility Study (FS) that identified a number of optional methods to remediate primarily TCE groundwater contamination at OU-46. A revised Draft FS was released in March 2008. Tustin Community Redevelopment Agency Page 118 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Conservation and Recovery Act areas of concern (ADCs). The remaining AOCs are shown below: • The Agency has actively participated with the Restoration Advisory Board (RAB) and Base Cleanup Team to support continued monitoring of Navy remediation activities and the land use restriction covenants placed within portions of the Project Area. • Supported economic development and reuse within the site through the abatement of hazardous materials (primarily asbestos and lead-based paint) that impede demolition and replacement of buildings and facilities in the Project Area. 5. Administrative Program Support and Indirect Costs While the Agency continues to provide oversight and management for all redevelopment activities in the Project Area, a portion of the estimated administrative support and indirect costs associated with the project oversight during the implementation period has been largely covered by funding sources in addition to a small amount of tax increment revenue. Land sale proceeds deposited into the MCAS Tustin Legacy Enterprise Fund, as provided for under the Economic Development Conveyance agreement between the Navy and the City of Tustin, account for a substantial portion of the funding during the early years of the project. In addition, the City is recovering some administrative costs from developers. 6. Adopted Project Area Benefit Resolutions The following resolutions were adopted during the period of the initial Implementation Plan that demonstrated benefit and enhancement to the Project Area. • City Council Resolution No. 03-78 making the finding that the expenditure of Low and Moderate Housing Set-Aside Funds is of benefit to the MCAS Tustin Project Area and authorizing the expenditure of such funds Citywide. • RDA Resolution No. 03-10 (Low and Moderate Income Funds outside the Project Area): This resolution found benefit to the Project through the use of low and moderate income funds outside the Project Area in eliminating blighting conditions. • RDA Resolution Nos. 07-01, 07-02, 07-03 (Newport Avenue and Edinger Improvements): These resolutions found benefit to the Project in eliminating blighting conditions through the acquisition of property and right-of-way necessary to construct the Phase I Newport Avenue Extension/Northbound SR-55 ramp reconfiguration/Edinger Avenue Widening Project Improvements. The acquisition and improvements were identified in the Joint Final Environmental Impact Statement/Environmental Impact Report for the disposal and reuse of the Tustin Marine Corps Air Station as necessary to provide primary arterial access to the MCAS Tustin Redevelopment Project Area. Tustin Community Redevelopment Agency Page 119 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 11.3 NON-HOUSING PROGRAM FINANCIAL RESOURCES The Agency's implementation activities are based on the availability of funding from existing fund balances, bond proceeds and estimated future tax increment revenues not previously committed to existing financial obligations. While it was indicated that Implementation Plan goals and objectives, programs, specific projects and expenditures could assist in eliminating blight within the Project Areas, private sector investment will additionally contribute to the removal of blight. In the initial Implementation Plan, the Report to the City Council for the Redevelopment Plan identified that substantial infrastructure and administrative support costs would be required. The Report identified that tax increment revenues generated from the Project Area would not be sufficient during the initial years to cover the anticipated costs. The Report also identified that while the feasibility analysis for the Project Area assumed the use of tax increment revenues to finance the anticipated redevelopment programs over the 30-year life of the Project, other potential revenue sources legally available to the Agency may be used. These additional resources included tax allocation bond proceeds, loan proceeds, land sale proceeds, Mello Roos or other special assessment district financing, and developer infrastructure fee payments. Revenues To date, a combination of tax increment revenues, loan proceeds, federal grants, land sale proceeds, Community Facility District (CFD) financing, developer advances, and Tustin Legacy backbone infrastructure fee payments from developers have been used to fund implementation activities in the Project Area. This combination of resources may be expanded in future years depending on the needs and timing of the Project Area's activities. Net tax increment revenues available to fund non-housing programs, projects and expenditures of the Agency were identified as estimates in Exhibit 15 of the initial Five-Year Implementation Plan. Net tax increment revenues are projections after the Agency's 20% deposit to the low and moderate income housing set-aside fund, County administrative fees, and statutory pass-through to other taxing agencies (approximately 20% with additional pass- thru required to educational institutions in year 11 of the Project Area). They include tax increment, revenue from bond proceeds, land sales, prior loan repayments, interest earnings, and new loans to the Agency. It is estimated that as of June 30, 2008, there will be a starting capital fund balance of approximately $33,800,000. As shown in Figure II-4, approximately $83,200,000 in net non- housing tax increment will be generated over the next five years to fund non-housing projects and programs and expenditures over the Implementation Plan's time frame. The funding for affordable housing activities is discussed in the housing section of this Implementation Plan. Tustin Community Redevelopment Agency Page 120 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 11.4 EXISTING DEBT OBLIGATIONS (NON-HOUSING AND HOUSING) The existing financial obligations for the MCAS Tustin Project Area as shown in Table II-4 are as follows: • Debt -Tax Allocation Notes ($25M) On April 1, 2007, the Agency entered into two related Note Purchase Agreements in the amount of $19,900,000 Series B (Tax-exempt) and $5,100,000 Series A (Taxable) with Citigroup Global Markets, Inc. for the acquisition of a 37 acre parcel in the vicinity of the SRSS ramp area/Edinger Avenue within the South Central Project Area. The land was found to have benefit to the MCAS Tustin Project Area (RDA Resolution Nos. 07-01, 07-02, 07-03), as necessary for the acquisition and implementation of the Phase I Newport Avenue Extension Project. Principal is payable in annual payments due in November of each year, for five years with the term of the notes ending in November 2012. Interest payments are payable monthly during the Initial Note Period with a fixed interest rate of 4.3% through November 2008. After the Initial Note Period, variable rate interest payments are payable monthly, not to exceed 12% annually. The Notes are secured by tax increment revenue generated within the MCAS Tustin Project Area. In addition, proceeds from sale of land are pledged to the repayment of the notes. • Set-Aside of Low and Moderate Income Housing Purposes Section 33334.2(a) of the CRL requires that that not less than twenty percent (20%) of annual gross tax increment revenue be set-aside to facilitate the development of housing for persons with low and moderate incomes. The Agency may choose to expend more than the mandatory 20% on an annual basis, as determined necessary, to meet existing affordable housing obligations. Particulars regarding the estimated amount and planned usage of the set-aside funds are described in the Housing Section of this Implementation Plan. • Affordable Housing Reimbursement Agreement On June 5, 2007 the City of Tustin and the Tustin Community Redevelopment Agency entered into a reimbursement agreement for related housing responsibilities to be assessed the Agency (the "Reimbursement Agreement"). The agreement will reimburse the City for advancing funds to assist the Agency in carrying out its affordable housing obligations (Housing Affordability Subsidy) under MCAS Tustin Redevelopment Plan (see further discussion under the Reimbursement Agreement). The total reimbursement obligation, under the reimbursement agreement, by the Agency to the City general fund is $46,407,736 in subsidizing 118 units in Tustin Field I and II; the reimbursement is proposed to be paid to the City over a 25 year period at annual interest rate of 5.00% under the current debt service schedule which can be Tustin Community Redevelopment Agency Page 121 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 modified on an annual basis by the City's Finance Director and City Manager in conjunction with the annual budget process. The Agency's annual obligation is estimated at approximately $3.2M which can be accelerated and will likely include an additional $3.2M annually from the 80% non-housing monies. It is estimated that the Agency's Housing Affordability Subsidy may grow up to an additional $62,296,000 during the term of the Second Implementation Plan requiring modification or a new reimbursement agreement. • Overhead Reimbursement for City's Cost Funds advanced by the City for operating expenses, support services and capital improvements will be reimbursed to the City on an annual basis in conjunction with the budget adoption process. Tustin Community Redevelopment Agency Page 122 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 11.5 AGENCY FIVE YEAR NON-HOUSING IMPLEMENTATION ACTIVITIES II.S.1 INTRODUCTION Non-housing implementation activities for the Project Area will be associated with the following major areas: 1. Acquisition, Disposition, and Development Coordination Program 2. Public Improvements & Facilities 3. Demolition/Site Clearance 4. Economic Development 5. Environmental Remediation 6. Administrative Program Support and Indirect Costs These programs often coincide and are overlaid to produce a successful project. Infrastructure and community facility improvements may work in concert with a private development project to ensure that the desired objective is achieved. Projects may vary dramatically during the next five years in reaction to market conditions and private development interest, but the main areas shown above will remain the focus of the Agency. The Agency's five-year implementation activities are based on the availability of funding from existing fund balances, developer advances, bond proceeds, and future tax increment revenues not previously committed to existing financial obligations. In addition, financial resources from other City, State and Federal programs, including but not limited to, Community Development Block Grant (CDBG) and capital improvement project funds may be used, if available, to assist in implementing the Agency's projects and programs. The proposed projects, programs and the corresponding expenditures over the five-year implementation period are designed to achieve the Goals and Objectives of the Implementation Plan and assist in the elimination of blighting conditions. The funding of the programs identified in this Plan is greatly influenced by economic conditions and the ability of the private sector to respond to Agency initiatives. Projects and expenditures rely on the private sector's ability to obtain funding, as well as the Agency's ability to maintain and increase tax increment revenues. If the Agency's revenues are depleted because of higher than projected expenditures or new requirements imposed by the State, it is unlikely that all of the projects and/or programs listed will be implemented. In order for the Implementation Plan's Goals and Objectives to be achieved, the projects, programs and expenditures outlined in this Second Implementation Plan will need to be implemented. The relationship between the Goals and Objectives of the Implementation Plan to eliminate blight conditions, and the projects, programs and expenditures outlined in Tustin Community Redevelopment Agency Page 123 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 the Implementation Plan are described at the end of Section IV and in Figure IV-1. Private sector activities will additionally contribute to the removal of blight within the Project Area and the revitalization of the Project Area. 11.5.2 CASH FLOW An illustrative five year cash flow for non-housing activities is provided in Figure II-4 which includes the proposed programs and project expenditures that are identified in the following section detailing the five year implementation activities. • - .. i~r •. Plan Yesr Projected 6 7 8 9 10 Fund Balance (6- 2008-09 2009-SO 2010.11 2011-12 2012-13 Cumulative 1. Revenues fund Balance' $ 33,842 33,842 8,935 (23,349) (22,090) (17,750) (20,411) Non-Housing Tax Increment ~ 9,918 14,693 16,576 20,100 21,949 83,235 Interest Earnin s' 413 541 791 1,073 1,417 4,235 Total -Gross Revenues: $44,173 $ 24,168 $ (5,982) $ (917) $ 5,616 $ 67,059 2. Expenses (Less) Tax Allocation Note ($25M) -Debt Service Payment' Principal 4,046 5,992 6,763 8,199 25,000 Interest 1,506 2,128 1,752 765 6,152 Total - P&1 5,552 8,120 8,515 8,964 31,152 (Less) Housing Reimbursement Agreement ($46M) ° 3,293 3,293 3,293 3,293 3,293 16,465 (Less) Housing Reimbursement Agreement ($62M) ° TBD TBD TBD TBD TBD - Less Projects Pro rams s 26,393 36,104 4,299 4,576 3,992 75,364 Total -Expenses $ 35,238 $ 47,517 $ 16,107 $ 16,833 $ 7,285 $ 122,981 3. Net Available $ 33 842 $ 8,935 $ 23,349 22 090 17 750 $ 1 669 55,922 Notes: 1. Projected Fund Balance: based on adopted City budget for FY08-09 includes: (1) Fund 54, Marine Base Debt Service, $9,089,302; (2) Fund 55, Marine Base RDA, $24,752,710. 2. Non-Housing Tax Increment and Interest Earnings: projections based on analysis conducted by David Taussig & Associates in 2005. 3. Tax Allocation Notes ($25M): The debt schedule is per agreement with Citigroup Global Markets, Inc., the lender. 4. Affordable Housing Reimbursement Agreements: Both housing set-aside funds and non-housing net tax increment will be used to meet the debt obligation for the Affordable Housing Reimbursement Agreement ($46M). The Agency may reimburse the City for affordable housing in an amount of $62M; this phase of affordable housing is not anticipated to coming online until 2011-12. Annual payments can be modified on an annual basis; the debt repayment may be accelerated. Total annual debt service payments are anticipated to range from approximatley $3.2M to $12M. 5. Projects/Programs: Based on anticipated annual program expenditures. Expenditures on these projects/programs will be determined on an annual basis based on source of funds, need, and timing. The detail for the Projects/Programs is shown in Figure II-5. The term "Illustrative" is an example and is not intended to be limiting on the Agency's activities. Tustin Community Redevelopment Agency Page 124 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 11.5.3 FIVE YEAR PROJECTS, PROGRAMS, AND EXPENDITURES 1. Acquisition, Disposition and Development Coordination Program During the initial term of the Implementation Plan, the Agency staff administered acquisition, disposition and development coordination activities of City-owned properties in the disposition and development of parcels throughout the Tustin Legacy project. The Agency staff, during the term of the Second Implementation Plan, will continue in its role in acquisition, disposition, and coordinating development activities with the appropriate developers and City operating departments. Issues associated with the disposition of properties and management oversight of the activities will also be performed including leasing, licensing, property management, and site preparation. Market conditions will impact of the ability disposition to occur within the term of the Plan. The Agency is anticipated to coordinate with the City as follows: a. Disposition and Development Agreements (DDA) with the City of Tustin during the initial term of the Implementation Plan, entered into four DDAs. ^ Vestar/Kimco Tustin L.P. (The District at Tustin Legacy) Convey 3.96 acres currently ground leased to Vestar/Kimco Tustin LP, the current lessee. The City is currently leasing the property from the Navy; conveyance is conditioned upon the Navy's remediating specific environmental conditions impacting the site. The lease is conditioned with significant obligations that are not expected to conclude until 2010-2011. The Agency is responsible for all development coordination activities associated with the terms and conditions of the DDA. • Tustin Legacy Community Partners, LLC (Master Developer) A total of 820 acres will be conveyed over four phases. In June 2007, the first phase, consisting of approximately 320 acres, was conveyed to TLCP for development including the following uses: residential, office, retail, and open space, and public infrastructure. The remaining acreage is anticipated to be disposed of in Phases 2, 3, and 4 during the term of the Second Implementation Plan based on TLCP meeting specified performance measures. Leased parcels (LIFOC) will not be conveyed until the Navy has fulfilled environmental remediation conditions that make the site suitable for transfer. The Agency is responsible for all development coordination activities associated with the terms and conditions of the DDA. Tustin Community Redevelopment Agency Page 125 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 ^ WL Homes (dba John Laing Homes) In March 2003, 29.4 acres (Tustin Field I) was conveyed for the construction of 376 residential units of which 78 were affordable units, and in May 2003 an additional 36.8 acres (Tustin Field II) was conveyed for the development of 189 residential units of which 40 were affordable units. b. Community Facilities District Financing and Related Assessment Financing The Agency staff will coordinate with City departments, including the City's Finance Department, in seeking Community Facility District (CFD) financing and related assessment district financing as appropriate for new development within the Project Area. During the initial term of the Implementation Plan, the Agency participated in coordinating financing for three CFD totaling approximately $78M (CFD 04-01 $11,415,000; CFD 06-01 $53,570,000; CFD 07-01 $13,680,000). It is anticipated that approximately $170M will be financed during the term of the Second Implementation Plan. c. Development Coordination in Project Area The Agency staff will be responsible for overall development coordination within the Project Area and the Tustin Legacy project. This development coordination role will include all sites and parcels with Tustin Legacy. d. Solicitation of Existing City-owned Site (18.5 acres) Solicit interests in the development of a City-owned site located in the western portion of the Project Area. In addition to solicitation of interests, the Agency will be responsible for all development coordination activities associated with the site. The property is bounded by Red Hill Avenue on the west, Valencia Avenue on the north, Warner Avenue on the south, and the SOCCCD property on the east. The schedule for solicitation and disposition will take into consideration market conditions that are in the City's and Agency's best interest. e. Interim Leasing and Licensing The Agency will administer the leasing and licensing of City-owned properties in the Tustin Legacy project. Some of the leased parcels will be conveyed when environmental conditions have been remediated and the properties are found suitable for conveyance by the Navy. Licensing of City-owned properties will be done on an interim basis to address temporary needs related to the development of Tustin Legacy. f. Acquisition of Parcels currently Leased from Navy Acquire leased parcels, also known as LIFOC parcels (Lease in Furtherance of Conveyance), from the Navy as part of the Economic Development Conveyance to Tustin Community Redevelopment Agency Page 126 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 the City. Some of these parcels will be retained by the City for community facilities or infrastructure, while other LIFOC parcels will be conveyed to developer under the terms and conditions of existing DDA, as previously noted. These parcels are as follows: ^ City Parcels: 1) a 24 acre community park, and 2) a 2.4 acre site containing a former child care center. The Agency is responsible for development coordination on these sites. ^ TLCP Parcels: 1) a 32.2 acre site, known as Carve-Out Area 6, with a designated commercial land use; 2) 39.33 acres known as a portion of Carve- Out Area 5; and, 3) a 2.17 acre site, known as Carve-Out Area 9. The Agency is responsible for development coordination on these sites. ^ SOCCCD Parcels: 31 acres are currently located in LIFOC area; the parcels are leased from the City to SOCCCD. The leased parcels are part of a larger site of 68 acres; 37 acres has been conveyed. The conveyance is subject to South Orange County Community College District (SOCCCD) complying with the terms and conditions of the Conveyance Agreement. ^ Vestar/Kimco Tustin Parcel: 3.96 acres are currently located in a LIFOC area. This is part of an 87 acre conveyance. The Agency is responsible for development coordination on these sites. 2. Public Improvements & Facilities The Agency will participate and coordinate the planning, design, and construction of public infrastructure improvements and community facilities. The projects listed below are currently proposed and may change during the term of the Implementation Plan, these changes will depend be the result of the of the following: market conditions; site conditions discovered during facility planning; identified community needs; and, the need to eliminate blight conditions. Currently the Agency has identified an estimated $407M of public infrastructure needs known as "backbone infrastructure", within the Project Area or of benefit to the Project Area. These improvements include roadways, bridges, traffic signals, traffic mitigation (FEIS/EIR), drainage improvements, water quality improvements, dry utilities, public parks, and community facilities. A comprehensive list of potential projects is attached as Appendix B, Public Infrastructure and Community Facilities. A few of the anticipated projects from that list, as well as these infrastructure projects, are highlighted in the discussion that follows. Most of the projects highlighted will receive direct Agency funding with the potential that Agency funding may also be needed for other projects Tustin Community Redevelopment Agency Page 127 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 listed in Appendix B; in likelihood, the funding would be needed for cost overruns or unknowns discovered during design. • Tustin Ranch Road and Bridge Project -assist in the design, construction, and acquisition of right-of-way associated with the extension of Tustin Ranch Road from Wa-nut Avenue to Warner Avenue. • Valencia/Armstrong Roadway Project -assist in the design and construction of the two remaining portions located in the southwest portion of the Project Area (Armstrong Avenue -Barranca to Warner), and the northeast portion (Valencia Avenue -Kensington to Moffett). Construction of these roadways will open parcels for the development of residential and commercial uses. Armstrong is a major north/south arterial and Valencia is a major east/west arterial. • The District at Tustin Legacy Infrastructure Project - assist in the design and construction of the remaining portions of new infrastructure and the expansion of existing systems including roadways, storm drains, and utilities, including infrastructure in Warner Avenue and Barranca Parkway. This infrastructure will serve the new regional retail center, The District at Tustin Legacy, and the western portion of the Project Area. • Red Hill Median -assist in the design and construction of median improvements associated with the widening of Red Hill Avenue, a roadway adjacent to the western boundary of the Project Area. • Phase I Newport Avenue Extension/Northbound SRSS Ramp Reconfiguration /Edinger Avenue Widening Project Improvements (referred to as Phase I Newport Avenue) - acquisition of a 37 acres necessary for construction of Phase I Newport Avenue within the South Central Project Area. Although this project is in the South Central Project Area, the land was found to have benefit to the MCAS Tustin Project Area as a result of traffic generation from new development within the MCAS Tustin Redevelopment Project Area. A resolution, RDA Resolution No. 07-01, finding benefit to the Project Area was adopted by the Agency in 2007. It is anticipated because of the scope and schedule that as the project proceeds additional acquisition monies will be necessary above the initial project estimates. • Tustin Legacy Community Park (24 acres) - planning, design, environmental assessment of existing buildings for adaptive reuse, environmental assessment of existing contamination plumes with Navy clean-up efforts, and construction of a community park to be owned and operated by the City of Tustin. Tustin Community Redevelopment Agency Page 128 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 • Tustin Legacy Park (86 acres) -planning, programming, design, and construction of public athletic facilities, recreation facilities, open space areas, and trails, bicycle paths, and walkways. • Fire Station (8,500 sq. ft. building on 1.25 acres) -planning, design and construction of a fire station. The fire station facilities and land will be owned by the City and leased to the Orange County Fire Authority. The facilities will service development in the Project Area. 3. Demolition/Site Clearance The Agency will participate in demolition and site clearance activities throughout Tustin Legacy to prepare sites for development by private and public entities. 4. Economic Development Programs The Agency will initiate and participate in economic development programs in conjunction with the business community in the creation of jobs, and the growth and retention of businesses within the Project Area. The Agency will be instrumental in business attraction. • Business Promotion and Attraction: Property owner and tenant assistance programs that promote and support new commercial development within the Project Area particularly businesses that are high job generators such as retail uses, office uses, and R&D uses. Expenditures would include, but not be limited to brochures, digital media, and marketing materials. • LAMBRA: Assist business owners eligible for benefits under the Local Agency Military Base Recovery Act (LAMBRA). LAMBRA benefits include: 1) state tax benefits such as 15-year net operating loss carry-over; 2) business expense deductions; 3) sales and use tax credits; 4) hiring tax credits; and, 5) preference points on state contracts. 5. Environmental Remediation The Agency is engaged in mitigation activities associated with environmental impacts in the Project Area and environmental impacts found to have a benefit to the Project Area that are outside the Project Area. The Agency is also engaged in on-site mitigation activities with the Navy as part of the Economic Development Conveyance process. City of Tustin staff actively participates with Navy staff and state and federal regulatory agencies (United States Environmental Protection Agency, California Environmental Protection Agency/Department of Toxic Substances Control and Regional Water Quality Control Board) in reviewing and commenting on Navy remediation documents, and providing recommendations to assist the Navy in selecting remedies that support rapid economic development and reuse at the site, including specialized legal services associated military base closures and hazardous clean-ups. Tustin Community Redevelopment Agency Page 129 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 6. Administrative Program Support & Indirect Costs The Agency may also make payments to reduce the Low and Moderate Income Housing reimbursement agreement obligations, if additional tax increment funds are available from the non-housing (80%) funds during the Plan's five year period. Funding available and distribution is determined on an annual basis by the City's Finance Director and the City Manager as part of the annual budget process. Administrative and indirect costs will be ongoing during the term of the Plan. The services include, but are not limited to, the following: • Security Services -contracted services for protection of City-owned properties at Tustin Legacy that will be developed during the term of the Plan. • Security Lighting -lighting associated with securing City-owned properties at Tustin Legacy that will be developed during the term of the Plan. • Due Diligence activities -third party and in-house services associated the disposition and development of sites located at Tustin Legacy. • Legaf Services -comprehensive legal services related to activities within the Project Area and activities outside the Project Area in which a finding of benefit has been established including City Attorney services and Special Counsel. • Management of Assets - in-house and contracted third party legal services. • Planning and Design - in-house and contracted third party services associated with planning and design activities. • Leasing of Office Space and Equipment • Telephone • Printing • Audit/Accounting • Office Materials and Supplies • Meetings and Training • Membership Dues and Subscriptions • Computer Software and Hardware To support the major areas of the Implementation Plan, direct administrative costs, and indirect costs including consulting and legal expenses will also be incurred, as shown in Figure II-5. Tustin Community Redevelopment Agency Page 130 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 6 7 8 9 10 1 Acquisition, Disposition, and Development Coordination Vestar/KimcoTustin(TheDistrictatTustinLegacy) 143,360 37,085 38,940 40,890 20,445 6,000 Tustin LegacyCommunityPartners 2,234,075 385,000 740,000 345,545 557,994 205,536 WLHomes (Tustin Field I and II) 5,000 5,000 - - - - Lennar/Lyon (The Villages of Columbus) 45,000 15,000 15,000 7,500 5,000 2,500 Newport Extension' 20,000,000 10,000,000 10,000,000 - - - Solicitation Process - 18 acre site 290,000 40,000 150,000 50,000 25,000 25,000 Interim Leasing and Licensing 37,500 7,500 7,500 7,500 7,500 7,500 Parcel Acquisition activities associated LIFOCparcels 189,300 50,600 50,600 50,600 25,000 12,500 Total -Acquisition, Disposition, and Development Coordination $ 22,944,235 $ 10,540,185 $ 11,002,040 $ 502,035 $ 640,939 $ 259,036 2 Public Improvements and Facilities General Oversight 4,691,283 413,510 1,461,475 1,264,070 1,052,228 500,000 Tustin Ranch Road 1,106,191 1,106,191 - - - - Valencia/Armstrong 25,000 25,000 - - - - The DistrictatTustin Legatylnfrastructure 30,000,000 10,000,000 20,000,000 - - - Red Hill Avenue Median Improvements 2,500,000 2,500,000 - - - - TustinLegacyPark-24acre Community Park 1,557,765 - 1,557,765 - - - Total -Public Improvements and Facilities $ 39,880,239 $ 14,044,701 $ 23,019,240 $ 1,264,070 $ 1,052,228 $ 500,000 3 Demdition/Site Clearance Site Preparation and Demolition 380,000 180,000 50,000 50,000 50,000 50,000 Total -Community Facilities $ 380,000 $ 180,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 4 Economic Development Business Attraction, Growth and Retention Program 639,600 127,920 127,920 127,920 127,920 127,920 LAMBRA Promotion and Monitoring Program 250,000 50,000 50,000 50,000 50,000 50,000 Total -Community Facilities $ 889,600 $ 177,920 $ 177,920 $ 177,920 $ 177,920 $ 177,920 5 Environmental Remediation Special Studies and Monitoring 150,000 30,000 30,000 30,000 30,000 30,000 Legal Services 125,000 25,000 25,000 25,000 25,000 25,000 Total -Environmental $ 275,000 $ 55,000 $ 55,000 $ 55,000 $ 55,000 $ 55,000 6 Administrative Program & Indirect Costs n Administrative Program Costs 6,250,000 $ 750,000 $ 1,000,000 $ 1,250,000 $ 1,500,000 $ 1,750,000 Overhead/Indirect Costs 4,745,000 $ 645,000 $ 800,000 $ 1,000,000 $ 1,100,000 $ 1,200,000 Total - Admin Program & Indirects $ 10,995,000 $ 1,395,000 $ 1,800,000 $ 2,250,000 $ 2,600,000 $ 2,950,000 TOTAL NON-HOUSING PROGRAMS $ 75,364,074 $ 26,392,806 $ 36,104,200 $ 4,299,025 $ 4,576,087 $ 3,991,956 Notes: This budget will be modified on an annual basis to accommodate changes in the mitigation of blight conditions, changes in revenues, and changes in market conditions. The sub-categories listed under the six programs/activities listed above are representative of programs that will be addressed under this Plan; these projects and programs are subject to change. ' Newport Extension- mayinclude public improvements ~ approximately 5.0%of project costs 3 Administratvie Program & Indirect Costs include the reimbursements to the City's General Fund for work completed by the City's operating departments, Redevelopment Agency staff, and supporting consulting services. This also includes overhead associated withCity and Agency staff. Tustin Community Redevelopment Agency Page ~ 31 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Section III Five-Year Implementation Plan for Housing Redevelopment Activities Tustin Community Redevelopment Agency Page ~ 32 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 HOUSING ACTIVITIES III.1 Introduction The Housing Section is a major component of the Implementation Plan. The Plan represents the Agency's explanation of how specific goals and objectives and proposed projects, programs and expenditures will implement the low and moderate income housing requirements mandated by law, including the following: 1. An annual housing program for the five year Implementation Plan term that provides sufficient detail to measure performance of the Low and Moderate Income Housing Fund Requirements. 2. An estimate of the number of new, rehabilitation, assisted, price restricted and destroyed housing units during the term of the respective redevelopment plan. 3. An outline of the Agency's plan in using the Housing Set Aside Funds including annual deposits, transfers of funds, or accruals for special projects. 4. An identification of programs and projects that will result in the destruction or removal of existing affordable housing, if any, and the proposed locations for replacement housing. 5. The Agency's ten year housing affordability compliance plan as required by California Community Redevelopment Law (CRL) Sections 33413(b)(4) and 33490(a)(2). 111.2 Background In addition to CRL requirements, the Agency's affordable housing efforts are guided by the Regional Housing Needs Assessment (RHNA) produced by the Southern California Association of Governments (SCAG), and the City's Housing Element and Comprehensive Affordable Housing Strategy. In June 2008, the City and the Community Redevelopment Agency adopted the 2008/09 - 2017/18 Comprehensive Affordable Housing Strategy (CANS) to direct and focus the City's and Agency's efforts to produce and maintain affordable housing within the community. The CARS is largely the basis which the Second Five-Year Implementation Plan has been formulated. While the 2000/01 - 2009/10 Comprehensive Affordable Housing Strategy had not expired, significant changes in the housing market led the Agency to prepare an updated CARS Strategy for the 2008/2009 to 2017/2018 period, to be coordinated with the City's required S year update of its Housing Element. The updated CANS will further the Agency's affordable housing efforts while taking into account the changing market and ensuring consistency between Agency activities and the Housing Element. The housing component of the Second Five-Year Implementation Plan is also guided by the numerous provisions of the Community Redevelopment Law that regulate low and moderate- income housing activities. As a result, the Housing Section of the Implementation Plan is Tustin Community Redevelopment Agency Page 133 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 more comprehensive than the section for non-housing redevelopment activities. Along with outlining the programs including the activities and expenditures, the housing component also evaluates the Agency's compliance with the laws and regulations governing the Low and Moderate-Income Housing Set-Aside Fund and Housing Production in a Redevelopment Project Area. More particularly, the report reviews the Agency's major housing responsibilities which generally fall under four broad categories including: 1) the set-aside of 20% of gross tax increment for low and moderate income housing (Sections 33334.2 and 33334.6 of CRL); 2) the creation of housing affordable to low and moderate income persons and families based on the production of all new or substantially rehabilitated dwelling units (Section 33413(b) of CRL); 3) the replacement of low and moderate income dwelling units removed as result of Agency activity (Section 33413(a) of CRL); and 4) the proportional expenditure from the 20% Set Aside fund on housing for low and very low income persons based on community need (Section 33334.4(a)). The goals of the Housing Program are to increase the quantity and improve the quality of housing stock in Tustin by providing new and rehabilitated affordable housing opportunities throughout the community. To accomplish the goals and objectives of the Housing Program, the Agency adopted a Finding of Benefit on June 2, 2003, as allowed under the law, which determined the use of Housing Set-Aside Funds outside of designated Redevelopment Project Areas and throughout the City that would be of direct benefit to the MCAS Tustin Redevelopment Project Area. Under the California Health and Safety Code Section 33413, at least 15% of all new and substantially rehabilitated dwelling units developed within a project area are required to be made available at an affordable housing cost to and occupied by person and families of low- or moderate-income. Not less than 40% of the total required affordable dwelling units are to be made available to very low income households. The ten year production and expenditure requirements under the CRL put a high financial burden on the Agency's new MCAS Tustin Redevelopment Project Area. Insufficient tax increment revenue in the MCAS Tustin Redevelopment Project Area's early years limited the Agency's ability to directly subsidize affordable housing. In order to assist the Agency in meeting its affordable housing obligations within the MCAS Tustin Redevelopment Project Area, the City entered into agreements, either as a condition of developing a larger project or developments that sold City-owned properties within the MCAS Tustin Project Area at a discount to the market value accounting for the affordability gap associated with the development of affordable units. On June 5, 2007, the City Council approved the "Reimbursement Agreement Between the City of Tustin and Tustin Community Redevelopment Agency Related to Affordable Housing Responsibilities to be Assumed by the Agency ("Reimbursement Agreement")". Tustin Community Redevelopment Agency Page 134 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Under the Reimbursement Agreement, the Agency is reimbursing the City for its financial assistance in carrying out the Agency's Redevelopment Plan objectives including the production of affordable housing units. The reimbursement may come from 80% Tax Increment/Non-Housing Funds and from 20% Tax Increment/Housing Set-Aside Funds. Reimbursement sources are not limited to the MCAS Tustin Project Area but may also come from 80% Tax Increment/Non-Housing Funds and Housing Set-Aside Funds from the Town Center and South Central Project Areas. 111.3 Recent Legislation Affecting Housing Activities Recently enacted legislation, Assembly Bill (AB) 987, effective January 1, 2008, requires redevelopment agencies to compile and maintain a database of existing, new and substantially rehabilitated housing units developed or otherwise assisted with monies from the Low and Moderate Income Housing Fund. The database must be available to the public on the Internet, and be updated on an annual basis. The Agency's database consists of two lists, one for affordable owner-occupied housing units and the other for affordable rental housing projects. The list can be found on the City of Tustin website, www.tustinca.org, under Housing. In addition, AB 987 requires the recordation of a separate document, called "Notice of Affordability Restrictions on Transfer of Property," for all new or substantially rehabilitated units developed or otherwise assisted with moneys from the Low and Moderate Income Housing Fund on or after January 1, 2008. 111.4 The Low and Moderate Income Housing Funds Available Section 33334.2 of the CRL requires, for every redevelopment plan adopted or amended to add territory on or after January 1, 1977, no less than 20 percent of the tax increment received by the Agency from a Redevelopment Project Area be set aside for increasing, improving and preserving the community's supply of low and moderate income housing. The revenues may be expended inside or outside of a project area. If expended outside the Project Area, a resolution must be adopted stating that outside expenditures are of benefit to the Project Area. As discussed earlier, the Redevelopment Agency adopted Resolution No. RDA 03-10 on June 2, 2003, stating that outside expenditures benefitted the Project Area. Figure III-1 identifies the amount of housing set-aside funds available in the Low and Moderate Income Housing Fund and the estimated amounts which will be deposited in the Low and Moderate Income Housing Fund during each of the next five years. While the projected set-aside tax increment revenues shown are based on projected development activity within the Project Area, the actual housing set-aside deposits could be more or less than the amounts shown based on actual development phasing. _- --- Tustin Community Redevelopment Agency Page 135 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 .• ~~• ~• ~ Estimated Beginning MCAS Tustin Fund Balance Project Area (7/1/2008) 2008/09 2009/10 2010/11 2011/12 2012/1 Estimated Tax Increment Depositsl $3,306,096 $4,897,544 $5,525,186 $6,699,892 $7,316,224 Interest EarningsZ $45,135 $46,159 $75,051 $115,432 $177,077 Total Revenue $3,351,231 $4,943,703 $5,600,237 $6,815,324 $7,493,301 Debt Obligations Reimbursement Agreement3 $3,292,743 $3,292,743 $3,292,743 $3,292,743 $3,292,743 Amended Reimbursement to City° TBD TBD TBD TBD TBD Total Funds Availables $2,579,162 $2,637,650 $4,288,610 $6,596,104 $10,118,685 $14,319,243 1 Housing Set-Aside taxincrement is 20`Y°ofthe total taxincrement generated in the MCASTustin Project Area. The estimated tax increment deposits is based on calculations from Taussig & Associates, Inc.; adjusted to reflect a 1 year delay in the Implementation Plan schedule. z The Interest Earnings is estimated at 3.5°~, based on 50%ofthe outstanding balance from the previous year. ' The City loan payment of $3,292,743 is shown against the MCAS Tustin Redevelopment Project Area Housing Set-Aside Funds but the payment can be distributed amongallthree Project Areas'80%Non-Housingand 20~ Housing Set-Aside Funds. The reimbursement to the City has been modified from the June-adopted 2008 Comprehensive Affordable Housing Strategy. In addition, these payments are assigned to pay for specific CIP projects. CIP priorities and costs can change annually as could the projected reimbursement payment amounts by year as determined by the Finance Director. The encumberance will result in no surplus determination. 'The Agency may amend the Reimbursement Agreement with the City in the projected amount of $62 million; this phase ofaffordable housing is not anticipated to coming online until 2011-12. The terms and conditions of the Reimbursement Agreement are anticipated to be similar to the first reimbursement attreement. Annual pavments are to be determined (TBD1. s Total Funds Available is the sum ofthe previous year's Funds Available and current year's Total Revenue, less Reimbursement to the Cit . The total amount of available funds for the five year period (FY 2008/09 to FY 2012/13) is estimated to be $14,319,243. In addition to these funds being used for the production and rehabilitation of affordable housing over the next five years, these funds will also reimburse the City for its financial assistance to the Agency in the production of affordable housing units during the Initial Five-Year Implementation Plan for the MCAS Tustin Project Area. Under the Reimbursement Agreement, the Agency incurred a $46,407,736 obligation (debt) to the City. Tustin Community Redevelopment Agency Page 136 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 111.5 Housing Programs, Projects and Expenditures A description of the projects and program expenditures comprising the Agency's housing activities during the next five and ten year periods are provided below. 1. Tustin Legacy -Ownership Multi-Family New Construction (322 units, $39,753,509) -t is anticipated that 322 affordable ownership units will be created in the next five years. The 322 units are distributed as follows: 40 units for very low income households, 116 units for low income households, and 166 units for moderate income households as shown by location in Figure III-3. While no Agency direct funding will be provided by the Agency for the affordable units in the Villages of Columbus, units will be developed as a result of the City providing density bonus incentives including variances of certain development standards as a financial incentive towards the developer's provision of affordable housing. The unit count in Neighborhood D and G represents Phase 1 of the Tustin Legacy Community Partners LLC (TLCP) Master Planned development; the subsidy requirement by the Agency is unknown at this time but we can assume that the average subsidy will be consistent with at least current affordability gaps of providing affordable ownership units by household type currently at the Tustin Legacy project. The initial subsidy will be borne by the City as an off-set against land sale value with the cost being transferred to the Agency under the terms and conditions of the existing Reimbursement Agreement, as may be amended. Depending on Financing Markets and also other market conditions, the Agency will need to maintain the flexibility to reduce its affordability gap in producing these units by changing out affordable ownership units for affordable multi-family apartments. 2. Tustin Legacy -Multi-Family Rental, New Construction (253 units, $35,445,300) The City's Disposition and Development Agreement with TLCP calls for the development of 253 new affordable rental units, including 126 units for very low income households, 64 units for low income households, and 63 units for moderate income households. The TLCP unit count represents projected Phase 1 development; the subsidy requirement is currently estimated at approximately $35,445,300. David Rosen & Associates' affordability gap calculation of $140,100 per unit found in Table 4 of the 2008/09 - 2017/18 Comprehensive Affordable Housing Strategy was used to calculate the estimated subsidy. The subsidy will be borne by the City as an off-set against land sale value with the cost being transferred to the Agency under the terms and conditions of the existing Reimbursement Agreement, as may be amended. Tustin Community Redevelopment Agency Page 137 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 3. First Time Homebuyer Assistance and/or Foreclosure Negotiated Purchase (30 units, $2,400,000) The City's First-Time Homebuyer Program provides down payment and second mortgage assistance to low and moderate income buyers to assist them to purchase an existing home in the City. The recent mortgage credit crises have resulted in increasing foreclosure rates throughout many parts of California. The City has allocated $2.4 million to assist new first-time homebuyers in purchasing a home. This may also include negotiated purchase of homes in foreclosure, which may represent a lower cost buying opportunity for first-time homebuyers. The City anticipates assisting 30 buyers with these funds and projects two purchases occurring in the MCAS Tustin Project Area. 4. Homeless Assistance and Supportive Services (non-local resource) The City has allocated $60,000 in CDBG funds to continue its financial support of homeless assistance and supportive services in the City. The City's goal for this program is to assist 200 homeless individuals per year during the Second Five-Year Implementation Plan. 5. Administrative Support Expenditures ($1,439,579) Administrative Support costs incurred and directly related to implementing the housing program include salaries, overhead, consultant and legal expenses, supplies, etc. The Agency's administrative program support expenditures from Housing Set- Aside Funds must be determined each year and found to be necessary to implement the housing program (CRL Section 33334.3(d)). Figure III-2 provides an illustrative example of how the combined housing programs could be financed on an annual basis over a five year period. Actual timing and specific amounts may be adjusted over time and specific decisions are made as part of the Agency's annual budget process. The CRL identifies that beginning fund balances in any year which exceed the higher of $1 million or the sum of the prior 4 year deposits and which are funds which have not been contractually encumbered are considered "Excess Surplus" and such funds must be expended within one year. Tustin Community Redevelopment Agency Page 138 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Beginning Fund Balance $2 579 162 $2,449,851 $3,746,439 $5,752,124 $8,862,715 MCASTustin Housing Set-Aside Fund De osits $3,306,096 $4,897,544 $5,525,186 $6,699,892 $7,316,224 $27,744,942 Investment Interest $45 135 $46 159 $75 051 $115 432 $177 077 $458 854 Community Development Block Grant $50 000 Estimated Total Resources $5 940 393 $7 403 554 $9 356 676 $12 577 448 $16 366 016 $28 253 796 Tustin Legacy- Ownershi 1 UNK UNK UNK UNK UNK UNK Tustin Legacy - RentalZ UNK UNK UNK UNK UNK UNK First Time Homebuyer and/or Foreclosure Ne otiated Purchase $0 $80,000 $0 $80,000 $0 $160,000 Homeless Assistance & Supportive Services3 $10,000 $10,000 $10,000 $10,000 $10,000 $50,000 Reimbursement reement $3,292,743 $3,292,743 $3,292,743 $3,292,743 $3,292,743 $16,463,715 men e Rei mbursement to Ci a TBD TBD TBD TBD TBD TBD Administrative & Indirect Ex ensess $187 799 $274 372 $301 809 $331 990 $343 609 $1 439 579 Estimated Total Ex endftures $18113,294 Balance Available $2 449 851 $3 746 439 $5 752 124 $8 862,715 $12 719 664 The projected obligation to develop 130 affordable ownership housingunits at Tustin Legacy is $39,753,509. The initial subsidy will be borne by the City with the cost beingtransferred tothe Agency underthe terms and conditions ofthe existing Reimbursement Agreement. While development is projected to begin in 2011-12, the annual expenditures are UNKNOWN at this 1 The projected obligation to develop 253 affordable rental housingunits at Tustin legacy is $35,445,300. The initial subsidywill be borne by the Citywith the cost beingtransferred tothe Agency underthe terms and conditions ofthe existing Reimbursement Agreement. While development is projected to begin in 2011-12, the annual expenditures are UNKNOWN at this time. ' Homeless Assistance & Supportive Services is funded by Community Development BlockGrant Funds The Agency may amend the Reimbursement Agreement with the City in an additional projected amount up to $62 million; this phase ofaffordable housing is not anticipated to comingonline until 2011-12. The terms and conditions ofthe Reimbursement Agreement are anticipated to be similarto the first reimbursement agreement. Annual payments are to be determined (TBDj. 'Administrative Support Expenditures are projected togrow 3.5%annually. The exception is 2009/10 when Support Expenditures increase an additional $320,000 as a result ofexpenses previouslyassigned to the Tustin Legacy Enterprise Fund. The Enterprise Fund closes at the end of 2008/09 and the additional expenses will be allocated to the MCAS Tustin Expenditure Accounts. Tustin Community Redevelopment Agency Page ~ 39 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Given the successful implementation of the Housing Program, projects and expenditures noted above, the annual distribution of the units for each major program category is provided below: 111.6 Proportional Expenditure of Housing Funds Section 33334.4(a) of the CRL requires expenditures in the Low and Moderate Income Housing Fund during a 10-year period to assist very low and low income households in at least the same proportion as the total number of units needed within the community. The proportion of very low, low and moderate income units is determined for each community on the basis of the unmet need for housing amount certain income group categories as reflected in the City's share of the regional housing needs identified pursuant to Section 65584 of the California Government Code (the Regional Housing Needs Assessment (RHNA). In addition CRL 33490(a)(2)(C)(i) requires the Agency to identify the number of housing units needed for very low, low and moderate income persons as each of those needs have been identified in the most recent determination pursuant to Section 65584. "Figure III-4 - 2006-2014 RHNA Adjusted Affordable Housing Expenditure Goal" identifies the number of affordable housing units the City is to produce under the current RHNA. The number of housing units was Tustin Community Redevelopment Agency Page 140 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 produced by the Southern California Association of Governments (SCAG) and has been in effect since January 1, 2006 and was included in the newly adopted Housing Element of the General Plan. Total Description Very Low 1 Low Moderate Above Moderate Affordables SCAG Produced RHNA Goals (2006) 512 410 468 991 1390 Original RHNA Proportional Expenditure Requirementz 37% 29% 34% Non-Agency Assisted Affordable Households To Date (Jan. 1, 2006 -duly 16, 2008) 225 40 43 649 308 Modified Adjusted Proportionate Goal piny 17, zoos -dune 30, zola) 287 370 425 342 1082 Modified Adjusted Proportionate Expenditure Requirement2 27% 34% 39% Future Projected Non- Agency Assisted Affordable Households3(~~lyi~, 40 85 67 192 Revised RHNA Goals tan. 1, zoos -July ls, 2013 247 285 358 890 Revised Proportional Expenditure Re uirement4 28% 32% 40% ' Actual production duringthe Initial Five-Year Implementation Plan includes the Village ofHope, a 192-bed transitional facility. Columbus Square and Columbus Grove in Figure III-7 are non-Agency assisted affordable housing developments. ' Percentages may not total 100%due to rounding. ' Adetailed breakout ofAffordable Households to be built and assisted duringthe Second Five-Year Implementation Plan can be found in Figure III-7. Columbus Square is non-Agencyassisted affordable housing. The E~enditure Requirement is forthe term of the Second Five-Year Implementation Plan unless actual non Agency Assisted Households increases in which the RHNAgoals could still adjust. Percentages may not total 100%due to rounding. Tustin Community Redevelopment Agency Page 141 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 The Agency's original RHNA proportional expenditure requirements are 37% for very low income households, 29% for low income households, and 34% for moderate income households. Pursuant to CRL 33334.4(a), the Agency may adjust the proportion by subtracting from the need identified for each income category, the number of units for persons of that income category that are newly constructed over the duration of the implementation plan with other locally controlled assistance and without agency assistance. The City initiated the development of additional very low, low and moderate income housing in the MCAS Tustin Project Area through density bonus incentives. Therefore, the Agency is permitted to adjust the proportional expenditure requirements accordingly as shown in Figure III-4. In addition, MCAS Housing Set-Aside funds can be used outside of the Project Area based upon an adopted benefit resolution and the Agency will insure funds used as such will assist the Agency's efforts to comply with the ten-year requirement. Based on the above, as adjusted pursuant to Section 33334.4(a) of CRL, the Agency will spend, at minimum, 28% of Housing Set-Aside Funds for very low income households, 32% for low income households and 40% for moderate income households. Figure III-4 identifies the projected allocation of households assisted during the Second Five-Year Implementation Plan. The target is intended over the life of the redevelopment project and not strictly on an annual basis and the goal will be adjusted in conjunction with any further locally assisted projects not funded by the Agency. In addition, as of January 1, 2003, according to CRL Section 33334.4(b), each redevelopment agency shall expend, over the duration of each redevelopment Implementation Plan, funds for all persons regardless of age in at least the same proportion as the number of low-income households with a member under age 65 years as compared to the total number of low- income households of the community as reported in the most recent census of the United States Census Bureau. According to the 2000 U.S. Census, 87 percent of low-income households in Tustin included a member under the age of 65. Therefore, it is the Agency's goal to spend approximately 87% of the moneys in the Housing Fund for non-senior affordable housing activities to reflect this proportion of persons under 65 years of age in the community. All of the units produced to date are for family housing and no expenditures have been made for senior housing units. Coventry Court, the Lennar Homes senior housing development projected to open in FY 2008/09, is building 153 affordable units in the development as a result of City density bonus incentives. Figure III-5 reports the Agency's first five year of expenditures and projects the next five years for aten-year picture of expenditures in relation to compliance with Section 33334.4(a). As noted in Figure III-4, the Agency's proportional expenditure goal of 28% for very low income households and 32% for low income households requires at least 60% of the Agency's Housing Set-Aside Funds are to be spent on very low and low income households. Figure III-5 Tustin Community Redevelopment Agency Page 142 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 demonstrates the Agency will actually spend 63% of Housing Set-Aside Funds on very low and low income households, 38% for very low income households and 25% for low income households. The allocation of funds was based on the projected number of households developed under each income category multiplied by the average gap funding provided by the Agency for each income category. The projections do not show the Amended Reimbursement to the City's distribution of funds across the income categories. Based upon the average gap funding for each income category and the number of units funded in each income category, the Agency projects to spend at least 67% of the Housing Set-Aside funds on very low and low income households when the Amended Reimbursement to the City funds are applied to the Figure III-5 calculations. The Agency will insure Housing Set-Aside funds are expended in proportional compliance with Section 33334.4(a). Tustin Community Redevelopment Agency Page 143 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 .... .- Expenditures - Housing Programs First five Years 2008/09 2009/10 2010/11 2011/12 2012/13 Ten Year 2003 - 2008 TOTAL Reimbursement $2,500,000 $3,292,743 $3,292,743 $3,292,743 $3,292,743 $3,292,743 $18,963,715 reement' Very Low $2,500,000 $954,895 $954,895 $954,895 $954,895 $954,895 $7,274,477 100% 29% 29% 29% 29% 29% 38% Low $0 $921,968 $921,968 $921,968 $921,968 $921,968 $4,609,840 0% 28% 28% 28% 28% 28% 24% Moderate $0 $1,415,879 $1,415,879 $1,415,879 $1,415,879 $1,415,879 $7,079,397 0% 43% 43% 43% 43% 43% 37% First Time $0 $0 $80,000 $0 $80,000 $0 $160,000 Homebuyer and/or Foreclosure Very Low $0 $0 $0 $0 $0 $0 $0 0% 0.0% 0.0% 0.0% 0.0% 0.0% Low $0 $0 $80,000 $0 $80,000 $0 $160,000 0.0% 100.0% 0.0% 100.0% 0.0% 100.0% Moderate $0 $0 $0 $0 $0 $0 $0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Amended $0 TBD TBD TBD TBD TBD TBD Reimbursement to Ci TOTAL $2,500,000 $3,292,743 $3,372,743 $3,292,743 $3,372,743 $3,292,743 $19,123,715 Very low $2,500,000 $954,895 $954,895 $954,895 $954,895 $954,895 $7,274,477 100% 29% 28% 29% 28% 29% 38% Low $0 $921,968 $1,001,968 $921,968 $1,001,968 $921,968 $4,769,840 0% 28% 30% 28% 30% 28% 25% Moderate $0 $1,415,879 $1,415,879 $1,415,879 $1,415,879 $1,415,879 $7,079,397 0% 43% 42% 43% 42% 43% 37% ' The initial payment tothe Cityduringthe Initial Five-Year Implementation Plan was assigned tothe verylow income e~enditure category. The reimbursement to the City has been modified from the June-adopted 2008 Comprehensive Affordable Housing Strategy. The allocation offunds across the income categories was based on the percentage of promissory notes incurred for each income category. l The Amended Reimbursement Agreement is projected to total $62 million. This phase of affordable housing is not anticipated to comingonline until 2011-12. The projected payment is To Be Determined (TBD) and the payments can be modified on an annual basis. The allocation offunds across income categories will be based on the projected percentage of promissory notes [o be assi ned for each income cafe or . As discussed earlier in Section I, the Agency has a $46,407,736 obligation to the City as described in the June S, 2007 Reimbursement Agreement between the City and the Agency. This payment schedule can be modified pursuant to the Reimbursement Agreement and in conjunction with the adoption of the annual Agency Budget as determined necessary by the Agency's finance director and executive director. An Amendment to the Reimbursement Agreement or a new Agreement to reimburse the City by the Agency for up to an additional Tustin Community Redevelopment Agency Page 144 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 $62 million is anticipated with the Master Developer's footprint to accommodate the progress laid out in Figure III-3. 111.7 Affordable Housing Compliance Plan 1. Housing Production The MCAS Tustin Project Area was adopted in 2003, and as a result is subject to housing requirements contained in Section 33413 of CRL. These requirements mandate that certain percentages of all housing developed in the project area be affordable to low to moderate income households. ~ At least 15% of the units developed or substantially rehabilitated in the project area (there are currently only new units being developed) by public or private entities other than the Agency (including such entities receiving agency assistance) must be available at an affordable housing cost to, and occupied by persons and families of low to moderate income. Of these units, not less than 40% must be affordable to very low income households. This translates to a very low income requirement of 6% of the total units developed in the project area. • Although rehabilitation and construction activities are not currently envisioned for the Agency directly by the Implementation Plan, at least 30% of the housing developed or substantially rehabilitated by the Agency itself within a project area must be available at affordable housing cost, and occupied by persons or families of low to moderate income. Of these units, 50% must be affordable to very low income households. This translates to a very low income requirement of 15% of the total project area units developed or substantially rehabilitated by the Agency. This requirement applies only to units directly developed by the Agency and would not apply to units developed by housing developers pursuant to agreements with or assistance from the Agency. Per Section 33413(b)(2)(A)(iii) of the CRL, substantially rehabilitated dwelling units means all units substantially rehabilitated with Agency assistance. Section 33413(b)(2)(A)(iv) of the CRL also defines substantial rehabilitation as "rehabilitation, the value of which constitutes 25 percent of the after rehabilitation value of the dwelling, inclusive of land value. Effective January, 2004, long term affordability covenants must be recorded on dwelling units produced pursuant to Section 33413 of the CRL, requiring that the units be maintained at an affordable housing cost to, and occupied by persons and families of low to moderate income, for the longest feasible time but not less than 55 years for rental units and 45 years for owner occupied units. The affordability controls on such units must be made enforceable by recorded covenants or restrictions in the same manner as required for units assisted by the Tustin Community Redevelopment Agency Page 145 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Agency's 20% Housing Set Aside Fund if they are to count towards meeting production requirements,. Section 33413(b)(4) of the CRL also requires that the Agency's Implementation Plan for housing activities must be consistent with the community's housing element and the Agency's housing production requirement must be met every ten years. If more than the required number of low and moderate income units are developed in the ten year period, the affordable units in excess of the required number may be counted towards the agency's requirements for the next ten year period. If fewer than the required number of units are developed at the end of the ten year period, the agency must meet its production goals on an annual basis until the requirements for the ten year period are met. The Agency may cause the required inclusionary housing units to be produced inside or outside the redevelopment project area, but all units developed or substantially rehabilitated by the private sector, require two units outside the project area for each unit that otherwise would have had to be available inside the project area. 2. Past Production of Affordable Units in the Project Area "Figure III-6 - Project Area Inclusionary Housing Production" identifies the number of affordable units that have been developed to meet the Agency's production requirements to date. The MCAS Tustin Specific Plan has authorized the development of 4,210 housing units, of which 4,076 units are proposed within the MCAS Tustin Redevelopment Project Area. Approximately 21% of the housing is projected to be available at an affordable housing cost to low and moderate income households. It is not projected during the Term of the Implementation Plan that the Agency would develop or substantially rehabilitate dwelling units within the Project Area. Based on the information shown below, the Agency is exceeding the housing production requirements for low and moderate income units and 14 units behind on the very low income unit requirement. Appendix A has a detailed summary by project location of the number of units produced and actual affordable covenant restricted very low, low and moderate income units. Tustin Community Redevelopment Agency Page 146 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 . - ~ . . .. ~~ • ~~: Total Project • . Very Low . Low Income Moderate Above Total Area Income Units Units Income Units Moderate Affordables in Construction Income Units Project Area (Unrestricted) Total Units Produced in l 1338 1104 Project Area Affordable Units 80 121 201 Re wired Affordable Units by Project John Laing 447 Tustin Field I 22 12 44 78 Tustin Field II 11 11 18 40 Columbus Square 410 Cambridge Lane 13 23 0 36 Camden Place 8 17 13 38 Columbus Grove 224 Clarendon 12 0 30 42 Total Affordable 66 168 234 Housing Production of Tota I 4.9% 5% 7.8% 17% Construction Unit Surplus / (Deficit) Z -14 47 The number for above moderate income units was developed from Community Development's Tustin Legacy Monitoring Report as ofJune 3, 2008 while the affordable production numbers were developed from the Redevelopment Agency's Affordable Housing database. A portion of the Villages of Columbus' Cantara (27) and Westbourne (16) developments a total of 43 units - is in the MCAS Tustin Specific Plan but not in the MCAS Tustin Redevelopment Project Area. These units were reduced from the total number of units in calculating the Total Units Produced in the Project Area. ~ Phasing for development resulted in a lag in very low income unit production but all affordable obligations under statute have been conditioned in the entitlement approvals. * Reflects the combined low and moderate income category (Section 33413(b)(2) 3. Housing Units to be Developed (Future Production). The successful implementation of projects, programs, and expenditures identified previously in the housing portion of the Implementation Plan, would be anticipated to create new price restricted units over the next five year period as shown in Figure III-7. Based on the proposed projects, programs and expenditures, the Agency does not anticipate any problem in meeting its required housing affordability obligations under State Law. Tustin Community Redevelopment Agency Page 147 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 ~~: ~ .. Total Project Very Low Low Income Moderate Above Total Area Income Units Units Income Units Moderate Affordables Construction Inwme Units in Project (Unrestricted) Area Estimated Production 2225 1650 Estimated Affordable Housing Production 134 200 334 Requirement Estimated Affordable Housing Production Ownership Units Columbus Squa rel 40 85 67 423 192 Columbus Grovel 0 0 0 49 0 Neighborhood Gz 0 0 33 444 33 Neighborhood DZ 0 31 66 671 97 TotalOwnership 40 116 166 1587 322 Rental Units Neighborhood GZ 73 42 39 38 154 Neighborhood Dz 53 22 24 24 99 Total Rental 126 64 63 62 253 Total Estimated Affordable Housing 166 409 575 Production Second Five-Year Implementation Plan 32 209 241 Unit Sur lus Deficit Initial Implementation Plan Surplus/(Deficit) -14 47 33 Total Sur lus Deficit 18 256 The Columbus Square and Columbus Grove above moderate income production numbers were developed from Community Development's Tustin legacy Monitoring Report as ofJune 3, 2008 while the affordable production numbers were developed from the Redevelopment Agency's Affordable Housing data base. While theAinsleyParkdevelopment-a total of 84 units-is in theMCASTustin Specific Plan, 83 ofthe 84 units are not in the MCAS Tustin Redevelopment Project Area and these units were reduced from Community Development's estimated production numbers. ' Neighborhood G & D production numbers were based on TLCP Phase 1 development projections in the current DDA. Tustin Community Redevelopment Agency Page ~ 48 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 Figure III-7 reflects the anticipated development of the 2,225 housing units during the Second Five-Year Implementation Plan. The development of 575 affordable units includes construction of 253 rental units. As discussed earlier, the MCAS Tustin Specific Plan has authorized a total of 4,076 units in the Project Area, 879 (21%) are affordable. During the initial Five-Year Implementation Plan, 1,338 housing units were built, of which 234 are affordable. There is a Specific Plan-approved balance of 513 housing units, 70 affordable, left to be developed beyond July 16, 2013, the end of the Second Five-Year Implementation Plan. 111.8 Replacement Housing Obligations Section 33413(a) of the CRL requires that whenever dwelling units housing low or moderate income households 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 rehabilitated, developed, or constructed, an equal number of replacement dwelling units which have an equal or greater number of bedrooms as those removed or destroyed at affordable housing costs within the jurisdiction of the Agency. The replacement housing 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. The MCAS Tustin Redevelopment Plan and Second Five-Year Implementation Plan have determined that no replacement housing unit obligations would occur. Tustin Community Redevelopment Agency Page 149 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 IV. RELATIONSHIP TO BLIGHT The CRL requires an explanation of the relationship between proposed projects, programs and expenditures to the elimination of blight with the project area during the period of the Plan. At the time the MCAS Tustin Redevelopment Plan was adopted, the plan spoke to health and safety conditions of buildings, and the factors that characterize economic dislocation, deterioration or disuse. Briefly, a blighted area is one that contains specific conditions and factors resulting in the lack of proper utilization of the area that constituted a serious burden on the community and that could not be alleviated by private enterprise acting alone. Eliminating blight conditions are addressed through the adopted five-year programs outlined in this Plan. Specifically, the Implementation Plan Goals and Objectives will assist in attracting, retaining and growing businesses that are high job generators; assist in the planning, design, and installation of public improvements that were non-existent prior to the adoption of the Plan; assist in developing community facilities that address community needs; and, assist in correcting environmental problems that will allow property throughout the Project Area to be developed. During the initial five years of the Implementation Plan, the Agency assisted and private sector redevelopment activities have made major contributions in transforming the Project from a former military base into a mixed use project comprising both public and private uses that address the needs of the community in housing, commercial development, job creation, and public facilities. Although significant progress toward addressing many of the blighting conditions have been completed or are in the process of being completed, major blight conditions remain. Many of the blight remediation conditions will be addressed under the Second Implementation Plan. Figure IV-1 illustrates the relationship between goals & objectives, projects & programs, and blight elimination. This table ties the Agency's programs, described in Section II, to the project and activities during the term of the Second Implementation Plan. The following is a list of major blighting characteristics identified in the MCAS Tustin Redevelopment Plan and how the proposed Agency programs during the next five-year period will eliminate or prevent the spread of these blighting conditions within the Project Area: • Unsafe/Unhealthy Buildings. The former MCAS Tustin base contains buildings and structures used by its former occupant, the Marine Corps. Many of these buildings contain materials that are no longer considered suitable for human occupancy. In addition, most of the buildings are special purpose military buildings including hangars used in the upkeep and maintenance of helicopters. Many of the buildings date back to the 1940's and 1950's, none of the buildings have been seriously Tustin Community Redevelopment Agency Page I SO Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 maintained since the early 1990's. Most of the buildings not removed during the term of the initial Implementation Plan will be removed during the term of the Second Implementation Plan. • Factors that Hinder Economic Viability Use. Inadequate and obsolete infrastructure, inadequate and obsolete buildings, and hazardous waste are factors that hinder economically viable uses. During the term of the Second Implementation Plan existing infrastructure will be removed, existing buildings will be removed, and identified hazardous waste from the former occupant will be removed and/or treated. • Adjacent/Nearby Incompatible Uses. The former Marine base contained military uses that are not compatible with the uses adopted under the Reuse/Specific Plan and the MCAS Tustin Redevelopment Plan. • Buildings on Land That When Subdivided would not meet Local Regulations. The former Marine base contains buildings are not compatible with the City's zoning code. The buildings occupying the former base were built for military functions and were exempt from local regulations as a Federal facility. None of the buildings on the former base were found suitable for occupancy. In addition, much of the land in the Project Area contains aircraft-related facilities, runways, taxiways and aprons, and other specialized military uses. • Inadequate Infrastructure & Public Improvements. Existing infrastructure serving the former MCAS Tustin base is antiquated having deteriorated over time. Additionally, the infrastructure did not have the capacity to adequately serve the proposed uses under the Reuse/Specific Plan. Infrastructure necessary to serve the uses under the Reuse/Specific Plan was installed during the term of the initial Implementation Plan by the private sector under various financing mechanisms. Not all of the necessary infrastructure can be installed by the private sector without financial assistance from the Agency. Under the Second Implementation Plan appropriate public infrastructure will be installed to allow for the development of the Tustin Legacy project. • Buildings that did not Conform to Codes Effective when Built. The closure of the Marine Corps base resulted in the abandonment of buildings and the creation of vacant lots. • Facilities that must be Removed to Allow Development. Buildings on the former military base will be demolished that are unsafe or unhealthy. All of the former military buildings are in various stages of decay due to lack of maintenance after the base was abandoned by the Marine Corps in the early 1990's. Removal of existing buildings, facilities, and infrastructure will eliminate incompatible adjacent or nearby Tustin Community Redevelopment Agency Page 151 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 uses such as the presence or military or aircraft-related uses that are now obsolete, but would facilitate the effective reuse and development of non-military uses in the Project Area. • Hazardous Waste. The programs proposed are intended to eliminate or alleviate hazardous waste conditions and encourage private investment in the Project Area. During the term initial term of the Implementation Plan, the Agency worked with local, regional, state, and federal agencies in clean-up activities resulting from military operations. Figure IV-1 is a table that shows the relationship between the Goals & Objectives, Projects & Programs, and Blight Elimination. Tustin Community Redevelopment Agency Page ~ 52 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 v m a ro v Q Y v v O a c v E a 0 v v v V ~ M C .--1 v C O 00 ~ N Q 2 N C C O ~ O N apron o c ~ a v o ~ E Y ~ a a a a~ ~ E o0 ~' N C ~ ~ 7 } O E d, N E >_ O LL ~ U ~ Y C C - O ~ N V V ~ Q1 .~ ~ ~ V. SUMMARY AND CONCLUSION Combined redevelopment activities by the City, Agency and private sector have contributed to reducing the blighting conditions in the Project Area during the initial five years of the Implementation Plan. Substantial progress towards achieving the Redevelopment Plan's goals and objectives will continue during the Second Implementation Plan period; however, financial resources are expected to be insufficient to complete all implementation activities within the five-year time period. During the initial Five-Year Implementation Plan the Agency's actions coupled with favorable economic conditions served to stimulate development within the Project Area. The projects identified in this Implementation Plan have substantially increased tax increment over the estimates provided in the initial Implementation Plan. The Project Area experienced considerable housing and non-housing activity during the initial Implementation Plan period as a result of property disposition activity, demolition/clearance activity, and site preparation work in the Project Area. Combined public and private investments in the Project Area have made significant contributions toward eliminating blighting conditions and stimulating new development and economic revitalization. A number of large-scale public improvement projects are in progress and more of these projects are in the planning and engineering stages. These activities are typically longer-term and require considerably more money and financial participation than individual development projects. The construction start dates for these public improvement projects are subject to project funding availability, agreements with developers, and entitlement conditions. The projects, programs and expenditures to be implemented over the next five years will depend on the level of financial resources available to the Agency. Available financial resources will include tax increment, after the Agency's 20% deposit to the low and moderate income housing set-aside fund, and revenue from bond proceeds, land sales, prior loan repayments, interest earnings, and new loans to the Agency. Tustin Community Redevelopment Agency Page 154 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 APPENDIX A AFFORDABLE HOUSING TABULATIONS Tustin Community Redevelopment Agency Page ~ 55 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area fiscal Year 2008-2009 through 2012-2013 APPENDIX A MCAS Tustin Redevelopment Project Area Housing Units Constructed/Restricted Units July 17, 2003 to July 16, 2008 Totol Development Very Low Low Moderate Market TOTAL Affordables John Laing Tustin Field I 22 12 44 62 140 78 Lindy Crossing 0 0 0 52 52 0 Wright's Landing 0 0 0 58 58 0 Corrigan 0 0 0 126 126 0 Ellyson Pointe 0 0 0 77 77 0 eennett's Place 0 0 0 61 61 0 Tustin Field 11 11 11 18 11 51 40 John Laing Totals 33 23 62 447 565 118 Villages of Columbus Columbus Square The Gables 0 0 0 68 68 0 Astoria 0 0 0 38 38 0 Verandas 0 0 0 44 44 0 Coventry Court 0 0 0 9 9 0 Cambridge Lane 13 23 0 64 100 36 Camden Place 8 17 13 100 138 38 Meriwether 0 0 0 87 87 0 Columbus Square Totals 21 40 13 410 484 74 Columbus Grove Ciara 0 0 0 59 59 0 Westbourne 1 0 0 0 43 43 0 Cantara2 0 0 0 41 41 0 Madison 0 0 0 44 44 0 Clarendon 12 0 30 60 102 42 Columbus Grove Totals 12 0 30 247 289 42 TOTAL DEVELOPMENT 66 63 105 1104 1338 234 ' There were an additional 16 units built at Westbourne that are outside of the MCAS Tustin Redevelopment Project Area. " There were an additional 27 units built at Cantara that are outside of the MCAS Tustin Redevelopment Project Area. Tustin Community Redevelopment Agency Page ~ 56 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 APPENDIX B PUBLIC INFRASTRUCTURE AND COMMUNITY FACILTIES Tustin Community Redevelopment Agency Page ~ 57 Second Five-Year Implementation Plan, MCAS Tustin Redevelopment Project Area Fiscal Year 2008-2009 through 2012-2013 nurid Tatrs.ri~ encl.-lssocicrtes, lnc. PuRe.ll-2 TUSTIN LEGACY FAIR SHARE ANALYSIS PUBLIC INFRASTRUCTURE NEEDS LIST THROUGH auu rxti it p n c~ Z E Description aoa ; ~ n ~ y 70_<~0 Bv.A~~b Roadwa / Brid a Im rovements 1 Ksns+ on Park eat Connector - Incur ed into Item 7 Reach 102 2 Valence N. Valencia L -Red Htll to Armatron Inver ate0 into Item 7 Reach 102 _ 3 Valends N. Valence Loo - Armstro to Kenai on Park West Connector - Into eted into Item 7 R 4 , Larladowns Incur rated iMO Item 7 Reach 102 S Edi er - 1400 Ft East d Redhill To East Connector Non-Backbone 6 Armat - Barranca to blamer 7 Armatro - Vaienda N. Vntenda L to Wamsr Inducted Item 1 2 3 8 4 3,433 878 20 825 803 8 Bri a -Tustin Ranch - Vabnda N. Valencra Loo to North end d Brid mdudm Ram 23 582 062 9 Tustin Ranch Road -North end d B ' e to Walnut In rated into Item 8 Reach 140 . 9A . Tustin Ranch Road / Walnul North East C m Wid i 10 o er en n Save ns Road 1,150,142 11 Valenaa N. Valerlaa L - Kensi on Park to Tustin Ranch 731,412 12 East Connector - Valencia N Valencia L to West end d Bri 1,137.113 13 BrW East Connector over Santa Ana Santa Fe Channel to Edi r 2 810 154 14 Moffett - North L to West end d Bri a 2 132 ?92 15 Brad -Moffett over Peters Can Channel 2.323.341 16 Moffett East end d over Channel to Harvard and Bike Path 3.693 373 17 Sweat Shade Marble Mourttain - Irnne CFD Fair Share i 824 052 18 Vabnda N. V1lienua L -Tustin Ranch to Moffett 341 888 19 North L - Monett to Jamboree Ram I ed iMO Item 18 Reads 114 122 5.795.629 20 Park North Lao -Wormer North to Jamboree Ram Into ated into Item 21 Reach 151 21 Park South L -Wamsr North to Tustin Ranch 22 Warner - RedNll to Armstron I ed into Item 23 Reach 148 15888 098 23 Wamsr - Arrnsir to Tustin Ranch d.5114,954 24 Wormer -Tustin Ranch to Jamboree Indudm Ri M d Wa A uisition 5.687.480 25 Twtin Ranch - Warner North to Banana 5 148 182 26 Warner -Jamboree to Harvard Irvine CFD Fair Share 8.538.706 27 Redhitl / er Intersection Im ovemments 704 663 28 Tustin Ranch -Valencia N. Valence Loo to Wormer North I rated into Item B Reach 140 29 South Loo • Tustin Ranch to Armstron 4 Lanes 30 Jambons Ram - Jamboroe to Park 2.a37.685 31 Barranca -Tustin Ranch Rd to Redhill 522 588 32 Banana - Jamboree to Tustin Ranch Indudl Ri ht d Wa A usrtion 2.595,704 33 SCE Banana ?20kv Tnnamiaaion Pde Relocations Deleted 8907 138 34 East Side Redhill - Barranca to Warner 35 East Side Redhilt -Wormer to Valenaa Loo 2.070.525 35A Eest Side Redhill • Valencia Loo to 1000' Nonh Incur rated into Item 35 Reach 162 491,684 35B , SHIPPO Stud - 35C Sound Miti ation -Warner from Harvard to Culver 133.500 1.494,002 TOTAL 126.965.715 Traffic Si nals 38 Ed er I Kenai tors Park West Connector New In ed into Item 7 Reach 102' 37 Edi er I East Connector U reds 38 Harvard ! Wamsr U rode -Irvine CFD Fairahare 166.250 39 Jamboree / Barranca U rode 245 400 40 Banana I Mldikan New 2811 238 Ii Banana / Tustin Ranch New 413 074 42 Barranca / Armstr U reds 807,079 43 Redhill / f3arranca U reds - CA d Ivne CIP Pr ect 166.250 44 Deleted 45 Radhill !Wormer - 48 Redhill / Vabnda New Into rated mto Item 7 Reach 102 166.250 47 Vabr>cia ; Armstron New t rated into Item 7 Reach 102 48 Wormer / Armstro New 49 Armstr /South L New 332.500 SO blamer/Area E Street New -Note: TBD r TLCP Land Plan 332.500 51 Deleted 332.500 52 Tustin Ranch !Park South Loo New 53 Tustin Rand1 /Warner South New 301 250 54 Tustin Ranch /Warner North New 465.500 54A Tustin Ranch /Warner North Nsw) 265.100 55 Tustin Ranch / Moffett New 172 500 56 Tustin Ranch I Valerlda New 332.500 57 blamer North /Park North L 332.500 58 Perk North L f Jamboree SB Ram New 301.250 59 Vabnds / Kenai on Park West Conrlsdor 241.000 60 Moffett / North L (New 183 087 299.250 l~as~ic/ l uussfg anal. Lssnciu/es. Mc. Pale . f !-3 61 Moffett ! Harvard U rode Incor orated into Item 16, Reach 139 62 63 64 65 Tustin Ranch /Ram New Tustin Ranch / Walnut U rade Edin er /Ram New Sweet Shade Marbb Mountain /Harvard Incor rated into Item 17 Reach 158 332,500 166 250 465,500 65 S' nal Interconnect S tem Into rated into Item 7 Reach 102 65 65 65 65 East Connector /North Loo New S nal Interconnect S stem Note costs are into rated into the various traffic si nal bud ets Si nal Controller Note costs are ~n rated into the various traffic si nal bud ets S nal Controller Note costs are into ated into the various traffic si nal bud ets 299 250 _ TOTAL 57,2o7,a7s Traffic Miti ation -Santa Ana / Irvine A reements 66 67 68 89 70 71 72 73 74 75 76 77 78 N rt /Edin er - Fi ure 19 -Tustin ATMS Fee Pa ent Redhill /Edin er - Fi ure 19 -Tustin ATMS Fee Pa ent Tustin Ranch /Walnut - F' ure 19 -Tustin Addition to Items 8 ~ 9 Irvine Contribution Redhill /Main - F' ure 22 -Irvine Michelson / Von Karman - Fi ure 23 -Irvine Jamboree / Alton - Fi uro 24 -Irvine Harvard / Atton - F ure 25 -Irvine Culver /Warner - Fi uro 28 -Irvine Barranca / Von Karman Su bmental Im ovements Into orated into Item 32. Reach 152 Barranca /Jamboree Intersection Im rovements Potensial TSIA Redhill !Wamer Santa Ana Grand / r -Santa Ana ustin Share = 29% Grand /Edin ar -Santa Ana Tustin Share = 56% 81 196 81 196 195,000 1 787 861 1 816 625 2 775,854 594.051 594 051 139,505 4 482 005 2 185 220 1 659 061 7 623 919 TOTAL 23,795,343 Draina a Im rovements 79 80 81 82 Peters Can on Channel from Railroad Track to Edin er Peters Can on Channel from Edin er to Ci Limit Incor orated into Item 79, Reach 504 Peters Can on Channel from Ci Limit to Barranca Irvine CFD Fair Share Backbone Storm Drain Overall al n i A 21,310,215 8,700,900 82 82 83 e c a rmstron Backbone Storm Drain Overall Includi Interim Storm Drain Connection at Warner b RSCCD Backbone Storm Drain Overall Barranca Channel. Tustin Ranch, Park & Warner Gradin Modification to eliminate Pum St ti 7,210,593 25,783,307 26.488 109 84 a on Deleted 14,283,000 85 Deleted - 86 87 88 Barranca Channel Detention Basin / S orts Fiekls at Redhill /Wamer Barranca Channel - Redhill to south of Tustin Ranch Not include Irvine CIP Pro ect Santa Ana Santa Fe Channel Embankment Into orated into Item 13, Reach 204 1,059,432 6,788,566 _ TOTAL 111,62x,122 Water Quali /Mitt ation Im movements 89 Selenium Treatment Facil' Phase 1 B kb 89 90 ac one Facilit Selenium Treatment Facil Phase 2 Backbone Facili Water Quali Treatment S stems Ph 1 B 4,284,900 2,856,600 90 ase ackbone Facili Water Qual' Treatment S stems Ph 2 B 2,285,280 91 ase ackbone Facili Resources A enc Miti anon Im roveme t P 571,320 92 n s - eters Can on /Railroad to Edin er Resources A en Miti ation Im ro t P 370,033 93 vemen s - eters Can on /Edin er to Ci Limit Resource A en Mif anon Im rovem t P 4,627,222 94 en s - eters Can on / Cit Limit to Barranca Resources A en Miti anon Im rovement M 93A s - aster Develo r Resource A en Miti ation Im rovements -Peters Can on I Ci Limit to Barranca 1 194 342 _ TOTAL 16 189 697 , . D Utilities Electric 95 Backbone Phase 1 Backbone + Cont t C 96 rac or har es -Refunds Backbone Phase 1 Backbone + Contr t Ch _ 97 ac or ar es -Refunds Backbone Phase 1 Backbone + Contractor Cha es -Refunds _ 98 Backbone Phase 1 Backbone + Contr t Ch _ ac or ar es -Refunds nuti~id Turrssig encl. l.rsrx iules, /nc. l'u~>e .11-4 Gas 99 8adkbone PMSe t Backbone • Conuaaor CAa es -Refunds 100 Backbone Phase 1 Backbone + Contractor CAar s -Refunds 101 Backbone Phase 1 Backbone + Contractor CAar s -Refunds _ 102 Backbone Phase 1 Backbone + Contractor Char s -Refunds Tal hone 103 Backbone Phase 1 Backbone + Contractor Char s -Refunds 104 Backbone Phase 1 Backbone + Contractor Cnar es -Refunds 105 Backbone Phase 1 Backbone + Contractor Cna es -Refunds 106 Backbone Phase 1 Backbone * Contractor Char s -Refunds Cable TV 107 Backbone Phase 1 Backbone + Contractor CAar es -Refunds 108 Backbone Phase 1 Backbone * Contractor Char es -Refunds 109 Badkbone Phase t BadkDone + Contractor Ch c - Refunda _ 110 Backbone Phase 1 Backbone + Contractor Char s -Relunds _ Telecomunlcatlons 111 Backbone Phess 1 Backbone + Contractor Ch s - RNunds 112 Backbone Phase 1 Backbone + Contractor Char s -Refunds _ 113 Backbone PASSe t Backbone + Contndor CAST es - Refunds _ 114 Badkborle Phase 1 Backbone + Contractor Char s -Refunds _ e PMss /Backbone + Contractor Ch es Tots) All Uturttec Backbone PASSe 1 Backbone + Contractor Chx ss Total AM Utilities Util Backbone All Phases AN UtlGbes 2902 080 S 853 343 t t 284 280 TOTAL 19.s39.7o3 Parks and Commun Facilities 115 N - boyhood Park: Master Deveb r Area G Park 01 116 117 118 119 120 121 N boAlood park. Masfer Deve Area G Park 02 Communi Park, Master bevel Area 46 Acres vatic Center in Master Deve) Commurn Parts Tenors Center m Master De Communi Park Tustin L Park: Ci Area 24.5 Akxea Linear Park; Master Develo r Area G inUudin waterwa , nds 4,408.203 t8 211 264 6,23L607 3.565.603 5.738.889 122 123 124 Linear Park. Master Davel er Area D inUudin watervra . nds Linear Park; Master Develo r Area E mcudin waterwa , onds Other Public-owned O S ace Maslen Deve Area G 6.969 666 125 Other Pudkc•owned O n S ace Master Deveb r Area D _ 126 127 126 129 130 Other Publioowned O n ce Master Deveb r Area E Pedestrian Brill - blamer I Linear Park Pedestrian Brill - ArmsVon I Linear Park Bn a Tustin Ranch over Linear Park Pedestrian Crossm L Arch Structures in Linear Park 3.742.009 t 1.818.152 4,830.000 6.210.000 131 132 133 133 120A 1208 120C 132A O CF A. Fire Station - Edi er r Kensin on Park 2-B 8000 SF Cr of Tustin Libra ;Tustin Civic Center Ci of Irvine Publk Park Marble Mountain Communi Ent S a e Tustin L Parts CI Area 24.5 Acres Tustin L Park Ci Aroa 24.5 Acres Tustln L Park C Arse 24.5 Auss - Contin n C' of Tustln L Tustin Civic Center 5,486.855 7,953.900 2600 000 1.325,287 2.321.080 4 998 480 288 044 1328 1326 t 33A 81A C o! Tustln L Tustin Civrc Center C' kH Tustln Li Tustln Clvk Center Commu En Sa na e - Vakttaa / RetlMll - S n Onl Peters Can /Trail Im ovements t 000 000 t Oat 000 2 854 000 225.000 TOTAL 248 858 102.156.e7a GRAND TOTALS 407,478.930 votes: 1 Items in blue were provided by City Staff 2 Items No. 1. 2, 3, 4, 7, 36, 46 8 47 are based on actual contracted construction costs. 3 Items No. 20. 21, 24, 25, 30, 32, 33, 39, 40, 41, 52, 54, 57 & 58 are based upon actual construction costs as identified in Exhibit A of Infrastructure Construcfion and Purchase Agreement with Vestar/Kimco, Tustin, L.P. 4 MCAS Tustin Settlement Agreements with Cities of Irvine, Santa Ana and actual ENR Cost Index. 5 Items No. 77 & 78 are based upon March 2007 estimates from City of Santa Ana pursuant to Settlement Agreements 6 Item No. 133 A based upon actual contracted construction costs. 7 Items highlighted in yellow are the latest changes.