HomeMy WebLinkAboutPOWERPOINT- MCASMid-Term Report
for the
MCAS Tustin Redevelopment Project Areas
2nd Five-Year Implementation Plan
(FY 2008/09 to 2012/13)
–August 2, 2011
Tustin Community Redevelopment Agency
Required by Section 33490(a) of California
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Community Redevelopment Law (CRL) for each
Project Area every Five Years
Identifies goals and objectives for the Project Areas
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Non-Housing Activities
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Housing Activities
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CRL Section 33490(c) requires the Agency to
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conduct a Public Hearing mid-way in its 5 Year
Implementation Plan time period.
Reviews and Evaluates Progress of the Five Year
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Implementation Plan
Elimination of blight and correction of environmental
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deficiencies.
Installation of new or replacement of existing public
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improvements, facilities, and utilities in areas which are
currently inadequately served.
Creation of employment opportunities.
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Expansion, preservation and improvement of the community’s
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supply of housing available to low-and moderate-income
persons and families.
Stimulating new investment and economic growth.
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Monitoring implementation of all DDAs and
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Conveyance Agreements
Coordination of implementation activities associated
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with financings including Community Facilities
Districts –3 CFDs and other Agency financings tax
financings
Development Coordination of property owners/
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Public Agencies within the RDA Project Area
Preparation of Tustin Legacy Disposition Strategy
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Interim Leasing and Licensing of City-owned
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Properties
Property Management of 850 acres
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Demolition and Site Clearance –oversight of City-
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owned properties
Acquisition of Leased Properties from the Navy
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Financing and Project Coordination of Design and
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Improvements including, but not limited to:
Tustin Ranch Road and Bridge Project
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Vestar/Armstrong Roadway Project
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The District at Tustin Legacy Infrastructure Project
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Newport Avenue Extension –Phases 1 and 2
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Tustin Legacy Community Park (24 acres)
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Tustin Legacy Park (84 acres)
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Fire Station at Tustin Legacy
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Economic Development Programs
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Business Promotion and Attraction
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LAMBRA –state designated tax incentives on former
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military bases
Coordination and Monitoring of Navy Remediation
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Activities on all parcels within the Project Area
intain a database (AB 987) of existing, new and
Ma
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substantially rehabilitated affordable ownership
housing units developed or assisted with RDA funds –
monitoring over 300 affordable units
All affordable housing units completed at Columbus Grove
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and Columbus Square during term of 2 nd Five Year
Implementation Plan.
Estimate that construction of 211 Affordable Apartment
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Units will be initiated during the term of 2 nd Five Year
Implementation Plan.
Change of Ownership Tenure to Rental will permit construction of
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153 affordable apartment units at Coventry Court at Columbus
Square, anticipated to be completed within FiveYear
Implementation Plan.
The Agency has continued to review and approve the following:
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New Sales of Affordable Units
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Re-sales of Affordable Units
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Refinancing of Affordable Units
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Monitor all affordable units on an annual basis for compliance with the
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erty.
affordable covenants associated with each prop
AB1X 26 (“Dissolution Bill”)
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AB1X 27 (“Voluntary Program Bill”)
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City adopted Ordinance 1404 and introduced 1405 to make a required
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Voluntary Payments.
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The CRA Voluntary payments estimate for Tustin is approx. $7.1 million
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for Fiscal Year 20112012 and approx. $1.7 million for Fiscal Year 201213
and thereafter. Staff believes this initial payment estimate is too high and
will be appealing once notified by the Dept. of Finance. In any event,
these payments will impact implementation activities.
On July 18th, CRA filed a petition with the CA Supreme Court to
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overturn the Dissolution and Voluntary Program Bills because they
violate the State Constitution. An immediate stay of these Bills would
preserve the status quo pending a decision on the constitutionality of
these laws. CRA has also requested that the Court issue a stay.