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Home My WebLink AboutRDA 03 ANNUAL REPORT 12-18-00AGENDA RL _ ORT RDA NO. 03 2-18-00 MEETING DATE: DECEMBER 18, 2000 TO: WILLIAM A. HUSTON, EXECUTIVE DIRECTOR FROM: REDEVELOPMENT AGENCY STAFF SUBJECT: 1999-2000 ANNUAL REPORT SUMMARY Redevelopment Law requires that the Redevelopment Agency submit to the legislative body an annual report of housing activity for the preceding fiscal year. ,. RECOMMENDATION it is recommended the City Council and Community Redevelopment Agency take the following actions: 1. Receive and File the Annual Report of Housing Activity for 1999-2000. . Direct a copy of the Annual Report to be filed with the State Controller and State Department of Housing and Community Development. FISCAL IMPACT There is no fiscal impact associated with this action. BACKGROUND/DISCUSSION California Health and Safety Code Section 33080.1 requires the preparation and filing of an annual report of housing activity by a redevelopment agency, with its legislative body. A copy of this report-must be filed with the State Controller and also with the State Department of Housing and Community Development. The annual report must contain the following information: .1. 'An independent financial audit of the previous fiscal year. The audit must include an opinion of the Agency's compliance with laws, regulations and administrative requirements goveming activities of the Agency. 2. A fiScal statement containing the following information:' a. The amount of outstanding indebtedness of the Agency. bi The amount of tax increment property tax revenue generated. City Council Report Annual Report for 1999-00 December 18, 2000 Page 2 de The amount of tax increment revenues paid to taxing agencies pursuant to Section 33401. ~ - -' · · ,.:, ~ The r&quired AnnUal 'Report of .Financial.Transacti°ns., .. . to the State Controller's Office.' ' ': ..... 3. ' .... Any other fiscal 'information the Agency believes is useful. . A description of the Agency's activities affecting housing and displacement containing the following information: '. a. The total number of hoUseholds displaced or moved from their dwelling units as part of a redevelopment project during 1999-2000. b. An estimate of the total number of households that will be displaced during 2000-2001. ' . / c.The total number of dwelling units housing persons and families of Iow'to moderate income as a part of a redevelopment project. "': d.'" The':-t°tai-:':num~E~: 6'f AgencY'!i. assisted, dwelling' units constructed, "' ' Substantially rehabilitated, acquired' or'subsidiZed'during' 1999-2000 for occupancY at affordab!e COst by persons and families of Iow to moderate · .:' . .: . ' . '. - ": income. ' ": ~_,- .~. . o _ e. The status and use of the. Low to Moderate Incme Hous!ng Fund, created " 33334.. .: pursuant.to Section 3 "'- ........ ~ ....... ' :'; "L~f.-:.:::'~'.:~-~ny/other' inf?matio<.fi: thetAgency;-.beheve_s, u~.e~!, to,exp.,la~n ~ts hmJsing - - _ .. -;.. ;, ;~,.'. - .... ~_~. . ~,-- .. -:~-.~_..;.,..-,..~ ~ .,--.~-. ~-..~,,~ .... -,.-,......, ...... ~,~: ~ ,~. ;..:.~.:. ._ . · i~rogram.-?': '. :- '-' .!'!!. '..;~':.i'-7' - .-", .t'..i ':.!: '::." '":'~:.-i-' .... -' '):' .'"".'::. ' ':' · ..- .'.i';: . . --_ ' .... g...: ~r~,~'ex~'~S:'..':;:;Uq~lU~'fUh"ds:' Whi*(~h"' I~av,e ,acCurnulateaTM'in: tlie 'Lo~::tO'"'"'-.- '':' ~:~:-...' .,. :-:..-,c-~:ao;J~raf~,.l~i-Eom~.Fi~ir~.(~: Fund~!;~: i:~SS'-~'tj'r~iLls f~nd?~re defined,'las.. ~;.'.:'..' '..:'. ' :' :'-"- ...... '~-"~: ..... ~' ": :'""~" :~:: :::""~'" "-: .... '"""~' ' ' .... :' ~the' H~J~in Fund that :.-'--' . '- .' an unexpended or unencumbered amount .m ... * .,g ..- .... -..... · .-. : . .:.:i..::~...excYeeds the~0reater0f.$1,000,000 or. the aggrega, te amount. dep0s~te.d,..m...i:':.~i..;~::. .... : :'-':"-; ;',: tH~'.' fUn'd: in-: tli¢ preced,ng', f.o~ur~ (4) :fiscal. years~:: :. Mo..n,~?.S.' are. deem...ed_ .~...: ...... .... -.: '-. ,,. ;* - - ' -,.~',,~--~," ,' · .' ,--~%',';~"' · :¢ ~ '"~'-'" ',.~.-'2_ ....... -" " .... .......... ": ' ' ' '""' ' -'.' '--7,':.', enCurnberbd ff committed by a legally enforceable contract or agreemenu ' ':-;:,-'::L ' - .... : -... ..... . - ;,'~_ ':.--:*',~t'.:;t. -: - ::.:,£';:E;.~,,. - . 7-' .' ' -.~,,,'~:.:'~.-':,. "~:.:~'~:~&,'?,?~:~;:,,°:-:'~'"-;*~, ;..:':'~",-:-?::,"~*:.,..--.~:: .'~ - - h-?': . ' -*'.~ '~:t.~-~"':'?.- ;.,T ". -:':,'-:: ~,~..~'- : .:' '~::-~'¥.'¢.~-, "~:='::'~ -' .n~'~;~:~;!"~,,f0"rifiati0n' theCAnencv' 15eheves' ~s' useful; to; explain Lits housing ?::.?.;.::': .:'-:: - ~ . . ...... -o :.-, .- ~, -, , :. · "7\ '--'' ' .... _ -' ... ....~, . . %, : · ...- ;'.:' .- -'--' ' ' .................. City Council Report Annual Report for 1999-00 December 18, 2000 Page 3 ANALYSIS The following responds to specific information required by the state.' Independent Financial 'Audit and ComplianCe Audit:.. · ,. A copy of the independent financial audit and compliance audit for 1999-2000 is included as Attachment I to the Annual Report. 2. Fiscal statement: ao The amount of outstanding indebtedness of the Redevelopment Agency, · as of June 30, 2000, was reported to be $19,270,000. b. The amount of tax increment property tax revenue received by the Redevelopment Agency in 1999-2000 was $3,585,025. c. 'Section The amount of tax increment paid to taxing agencies pursuant to 33401 was $0. --_,.: :-' . d. The requir, ed-annual report to the State· Controller is included as Attachment !1 to the Annual Report and W!!I be submitted with the Report. .. 3. There is no other fiScal information,' whiCh the Agency believes to be useful at the present time. _. 4. A(~tivities'Affecting'Housing and Displacement: . ~. :: :.. ~.. a. .. The total number of households.di.splace_d or moved as'part of the Town "~ center arid South c~ntral Redevelopment projects daring'.1999-2000 was · 0.. ' '"~: ' ' ~' ' ' b....'" ... The total :~Urnb~r (~ h(~u~'eJi01ds"estimated' to be displaced"as pa-rt of the ,..-. ;,,- · .,. ,; .... , .:-. . . . . . '~'; ~.. - ':. Town Center or South Central project areas in 2000-2001 Is 0. --~?¢.. c. :~;.~,:' The total number of Iow to moderate-income, dwelling"~nits demolished or. ". ". '-.~:;:~;.'·. re'r~6ved f~)m' the' ~i~sing stbck in~'199¢2000` Wa~ o?'v-'·~'~-",·: . :'-.'- -. ~_~- , d. ;i'~:':i,The ~.total.~.,n~mber..: of. Agency. assisted dwelling units ;: which;~ we[e -. --~: "........ ~i~abilitated, acquir~(J'~ 0~:·"sUbsid~ed¢'' in~¢~;i9,"9¢~2000- for .'"!? occupanCY` at affordable cost by persons and families 'of' 10~"{~)'m~)derate ..' income was 49. (Acquired iow-income rent restrictions at the' Fianders P0inte Apartments located at 15520 Tustin Village Way): · City Council Report Annual Report for 1999-00 December 18, 2000 Page 4 For 2000-2001 the Redevelopment Agency will be continuing with ongoing :.programs tg' provi~de ~additional Opportunitie, s for affordable housing. These "prOgrams i~clude~'~e 'FirSt~'Ti~e' Ho~eb~j'yers DownpaYi:n~nt Assistance Program, Mortgage" Credit certificate Program, and rehabilitation of dwelling units through the Housing Rehabilitation Program. In addition, the Agency will continue negotiations with Property Owners and developers in the Southwest Neighborhood regar, ding redevelopment objectives and options in the area in furtherance of the Planning Study for Housing Opportunities in the South Central Project Area, the City-wide Comprehensive Affordable Housing Strategy and the Second Five-Year Housing Implementation Plan completed during the 1999-2000 reporting period. .. e. As of June 30, 2000, the accrued balance in the Agency's Iow to moderate-income housing set-aside fund for the South Central Project Area was $3,438,643. f. As of June 30, 2000, the accrued balance in the Agency's Iow to moderate-income housing set-aside fund for the Town Center Project · Area was $1,731,702. g. As of June 30, 2000,' there are excess surplus funds in the Housing Fund for the combined Project Areas in the amount of $70,199. It is anticipated that the excess surplus funds will be encumbered during FY 2000-2001. · · · Agency staff will be available to respond to any questions at the Agency's meeting of December 18, 2000. '. Assistant City Manager . AttachmentS: ~ . Senior Project Manager .. - HCDAnnUal Report of'HOusing Activity -. . -"' · -~'?'~"' ' Attachment'l.':~" June 30, 2000 indeiJendent Fi~iana~! · L:-'. -?' ::? _'.-~ .. -- _ . ,-,-..-:-... ......" - .~.- - And Compliance Audit - .--- . - . '~ Affachm~'r~t ii. Annual Report to State Controller .. TUSTIN COMMUNITY REDEVELOPMENT AGENCY · ANNUAL . ACTI~TY -.,.. .... For Fiscal Year 1999- 2000 AN.~UAL REPORT OF HOUSING ACTIVITY OF COMMUNITY REDEVELOPMENT AGENCIES ./~ FOR FISCAL YEAR ENDED _6 / 30/2000 ":::.5' i~. !:~ County of Jurisdiction: '",::":~:i'i'gency Name and Address: Orange Tustin Community Rcdcvelopm~t Agency . 300 Centennial Way Tustin~ CA 92780 ' ,,, _ . · California Redevelopment law (Health and Safety Code Section 33080.1) requires agencies to annually report their housing activities and maintenance and use of the Low & Moderal~ Income Housing FUnd (LMItiF)~ thusuant to Section 33080.3, a copy of this report must be seut to the Stat~ Controller and fried With the Department of Housing and COmnmuity Development (I-lCD) in order for HCD to compile and annually publish a report ofredevel0Pment agencies' housing activities in..accordanc¢ with Section 33080.6, Please answer each of the following questions in ord~"to d~-lm-mine which HCD Schedules your agency must prepare in. order to provide a complete report of housing activity and fund balances for the reporting period. · · 1. Check one of the items b~low to identify the Agency's st,~tus at the end of the reporting period: F-] New (Agency was formed dmSng the reporting year but no financial transactions were completed) [~ Active (Agency completed financial tramactions during the reporting year) [--] Inactive (Agency did not complete any financial transactions during the reporting year) I-] Dismantled (Agency is dissolved) How many adopted project areas did the Agency have during the reporting period? 2 . . If the Agency has one or more project areas, submit a separate copy of SCHEDULE HCD-A for ~each adopted project area. HoTM many project areas were merged during the reporting period? · 0 .. If the Agency has no adopted project areas, do not submit Schedule HCD-A. Did the Agency conduct any housing .activity outside of adopted redevelopment project areas during the reporting period? [~ Yes. Prepare and submit one copy of S~ULE HCD-B. .. [-] No. Do not submit Schedule HCD-B. · Did the Agency have any fun& in the Low & Moderate Income Housing Fund during the reporting period? [~] Yes. Prepare and submit one copy of SCt-W. DULE HCD-C. .. F-i No. Do not submit Schedule HCD-C. . During the reporting pm-iod, wm~ tiousing projects completed within ~ project area or assisted by the agency outside a project area? · [g] nCD m-D7..-d hou i g . [-I No~' Do not submit HCD Schednl~sDl:D7 0rHCD Sch~!u!~.El-~: . . '..' :-?:::.:.:- - ' California Redevelopment Ag~cies - Fi.nmi Yt:ar 1999-2000 Cov~r (7111100) HCD-Covar Page 1 of 1 To the bcsl of my knowledge, t~c rcprcscntatio~ made in thc above sualcmcnt and thc disc,osurcs conu~incd in thc tJCD Schedule(s) submitted herewith are true and corr~t. Dat~ Date Signature of Author~xl Agency Representative Finance Director Title 714 ~73-306! ., Telephone Number · . Senior Proiect Manager Title 714 573-3121 Telephone Number California l~devciopmcnt Agencies - Fi.~l Year 1999-21100 · Cov~r (7/1//00),-. HCD-Covex Page 1 of 1 · ANNUAL REPORT OF HOUSING ACTIVITY For Fiscal Year 1999 - 2000 -- SCHEDULE HCD-A "- e SCItEDULE IICD-A Inside Projecl Area Activity for Fiscal Year Ended 6 / 30/2000 Agency Name: Tu,qtin ~ommunity Redevelopment Agency _ Project Area Name: SOUTH CENTRAL Preparer's Name, Title; Jim Draughon. Senior Project Manager_ Preparer's E-Mail Address:jdraugbon~tustinca.or?z~ Preparer's Telephone No: (714) 573-3121 Preparer's Facsimile No: (714) ;573-3113 General Information 1, a 'Year that plan for project area was adopted: 1983 Current expiration of redevelopment plan: 7/'l 5 / 2015_ mo day yr b. If project area name has changed, give previous name(s) or number:, n.a. c. Year(s) project areas merged: n.___~a, Project areas merged: n.a. . d. Year(s) project area plan was amended and real property was: (1) added: 1985, , ., ._ (2) removed: n.a ........ Project areas adopted, and areas added by amendment, after 12/31/75 are subject to section 3341.3. All other project areas ::::...~(::~?:~.. are subject to Section 33413(a), effective 1/1/96, with respect to housing activity specified in Section 33413(d). An agency may elect to make all or part of Section 33413 apply to a prOject area for which a plan was adopted before 1/1/76. If the redevelopment plan for the subject project area'was adopted before U1/76 and the agency has elected to apply all or part of Section 33413, provide the date and scope of the resolution- Date: / / .; Scope: mo day yr NOTE: Expenditm'es for debt service Should be reported on Schedule HCD-C, Line 4c. Dollar amounts for ite~ns HCI)-A lines 3a.-3f. and 3L (where an italicized line number is noted in parentheses) can be taken directly from that line number on the State Controller Office's (SCO) Annual Report Of l~mancial Transactions of Community Redevelopment Agencies, Project Area Income Statement, except for the reclassifying of Transfers-In from Internal Funds and the reporting of Other Sources as discussed below. . . Transfers-in from Other internal funds: The specific sources of transferred funds must be reported in items HCD-A lines 3a.-j. For example: transfers into the Housing Fund from the Debt Service Fund for the deposit of the 20% set- aside should be reported on I.ine 3a(3). · Other Sources: Non-GAAP (__Generally Acceptable Accounting Principles) revenues such as land sales for those agencies using the Land Held for Resale method to record land sales should be reported on HCI)-A Line 3d. Money received for the repayment ofloan principal to' the Housing Fund should be included on HCD-A Line 3h. .,.....:. :;.'.'::. ~ . : :.'. ':: '.i: .~ · ,. ~. ,:..:., California Redevelopment Agencies - Fiscal Y~ar 1999-00 $ch ^ (711100) HCD-A Page 1 of 6 Agency N.~me: Tuslin Community Rcdcvclopmenl Agency l'rojcc! Area N.',mc: SOUTtt CENTRJ:L Projccl Area Housinlz Fund Revenues and Other Sources. 3. Report all revenues and other sources of funds from this project ama which accrued to the Housing Fund over the reporting agency-assisted housing ]ocatecl outside the project area(s) should be reported as "Other year. Any income related to A),' his ro'ect area i n ed cnefici 'n the auth ri in, resolution. Any Revenue" on Line 3j. (of this Schedule other revenue sources not reported on lines 3a.-3i., should also be reported on Line 3j. . Enter the full 100% of gross Tax Increment allocated (prior to any pass through and deduction for fees) on Line 3a(1). Compute 20% of gross Tax Increment and enter the amount on line 3a(2), Next, report the amount of Tax Increment set- aside before any exemption and/or deferral (jfam0unt set-aside is less than 20%. exvlain the difference,). If any amount of Tax Increment was exempted or deferred, 'n addition to eom letin lines a 4 and/r a om-kte Line 4 and/or Line. 5J To de~e the mo/mt of Tax Increment deposited to the Housing Fund [Line 3a(6)], subtract allowable exempted [Line 3a(4)] or deferred [Line 3a(5)] amo..unts from the Tax IneremefitAllocated t0 H°using Fund [Line 3a(3)]. a. Tax Inerement:i . (1) lO0%ofGroSs(SCOLi~e IE): ' " $ 1 961 305' ~3- Minimum Deposit to Housing Fund (Line 3a(1) x 20%): $ 392,260_ (3) Tax Increment Allocated to Housing Fund $- _ 392.790 *_ * If less than 20% of the Gross Tax Increment (see 3a(2) above) is being set-aside in this project area in accordance with Section 33334.3(i), identify' the project area(s) contributing the difference. Explain any other reason(s): b. (4) Amount Exempted [Health & Safety Code section 33334.2] (if there is an amount exempted, also complete question ~4 (HCD-A): ($ (5) Amount Deferred [Health & Safety Code section 33334.6] (if there is an amount deferred, also complete question #5 (HCD-A): ($ (6) Tax Tnerement Deposited to Housing Fund (actual amount deposited) [Lines 3a (3) - (4) - (5)] -' Interest Income (SCO Lne 5 ): . .. . Rental/Lease Income (SCO lines 6 + 7 ): Sale of Real Estate (SCO Line.8 ): e. Grants (SCO lines 9 + 10 ): £: Bond Administrative Fees (SCO Line 11 ): .: - h. i. j. ..- _. ismzi,, :-...-- --'--..- . - ....... Other Revenue(s) and idmtify amount(s)]:- ..,':: ....... . ............. ??? _. $ 12,165 ,. , ... . . : _-. _ _,~- .... ~ . . ._ . Total Housing Fund Del~sits forth.is ProjectA.rea (add lines 3a(6). through'~,j.)i' '." '::'" ' · · .. $ California Redevelopment Agencies - Fiscal Year 19992000 Sch i qntoo) - 392.790_ _ 157 943 12,165 562,898 HCD-A Page 2 of 6 Agency Name: Tustin Community Rcdcvclopm',.m! Agency · Project Area Name: SOUTlt CENTRAL E;xemplhm(s) 4. Ifan exemption was claimed on Line 3a(4) to deposit less than the required amount, complete the following information: Current Resolution # Resolution Date: / / Date Resolution with facts sent to HCD: mo day yr mo Check only One of the Health and Safety Code Sections below providing a baSis for the exemption: [--] Section 33334.2(a)(1): No need in community to increa~, improve supply of lower or mod,rate income housing. [-] Section 33334..2(a)(2): L~ss than 20% set-aside is sufficient to meet the need. I'-] Section 33334.2(a)(3): Community is making subStantial effort'equivalent in value to 20°/0 set-aside and has specific ' conlractual'obligations incurred before May 1, 1991 requiring continUed use of this funding. · o [Note: Pursuant to Section 33334.2(a)(3)(C), this exemption expired on June 30, 1993. [ Contracts entered into prior to May 1, 1991 may not be subject to the exemption sunset.'] I Date initial finding waS adopted: __/__/__ Resolution # . Date' sent to HCD ~/ / mo day yr mo day yr day yr [-] Other: Specify code section and reaSon: Deferral(s) 5. a. If you are deferring the set-aside, indicate the reason. Check only one of the below Health and Safety Code Section boxes: [--] Section 33334.6(d)! Project was approved before 1986 and tax increments are needed to meet existing obligations. INote: The previous allowable deferral under Section 33334-6(e) expired- It was onlyI allowable in each fiscal year prior to Suly 1,1996 with certain restrictions. Date initial finding was adopted: __/__/__ Resolution # ~' Date sent to HCD __/ /__ mo day yr mo day yr ~:.'..: .-:'.,, ;..-.-:.-.-:. "::...7-.::' ["] Other:. Specify co& section'and reason: ' b. WJaen was current year finding adopted for any deferral claimed in 5.a'? __/ / .._ mo . day yr. Identify. Resolution # Date Resolution sent to HCD: __/ / mo day yr c. A deferred set-aside pursuant to Section 33334.6(d) constitutes an indebtedness to the Housing iF{md equal t° the amount of the set-aside being deferred. 'S~ the amount(s) of set-aside deferred during this fmcal year'and cumulatively: Fiscal Year Amount Deferred - Amoimt'ofPti°r kY: ': Cumi~tive Amount. . This Rq~orting F~. Deferrals Repaid Deferred (Net of Any During Reporting ..ano, mt(s) aid) 99/00 $ 0 ". , $ 0 $ *0' ' .;: · .... ] * The cumulative amount of deferred set-axide should al~o be shown on $cbedule C, Line 6b. ! .... ~ ~ 98/99 cumulative dcfm'ral shown above diffexs from what was reported on thb last HCD-'~R, indicate the ': mount ofdifferencc and the mason: .... : .. - ..... : ............ ' ..... -':":,~'--'" .... ~-:: ........ ' ..... "'= - '"' ....... Diff~tai~e: $ n.a. Re, on: '. ' ': .... - X'~:.'.".._":~.;.?i;.: . California P~d~-v~loprnent Ag~cics .-Fiscal Ye. sr 1999-2000 sd~ A O/]/O0) .... HCD-A ~-. Page 3 of 6 ^gcncy Name: Tustin Community Redcvc]opm:n! Agm3cy Project/,.rca Name: SOU'I-tl CENTRAL (continued) d, Section 33334.0(g) requires any agency which defers set-asides to adopt a plan to eliminate the deficit iff subsequent years. If this agency has deferred .~st-asides, has it adopted such a plan? Yes [-'] No F-] If yes, by wha~ date is ~e deficit to be eliminated? If yes, when wa~ the 9rigiml plan adopted for the claimed deferr,al? . . J?.. ; ~ .... Identify Resolution # ..... L." :..':_' . Date Resolution sent to HCD .. .. ... ,:~... ..-:: ..... o .,..7-,.%~.? .... , -c:-~. , - .... When was the~last amendecJ, plan adopted for the claimed deferral? Identify Resolution # Housing {5. ao Date Resolution Sent to HCD / / mo day yr .. mo day..' mo day · /. ! _ mo day yr / ,/____ ~ · mo day yr Units Lost and Households Displaced Pursuant to Sections 33080.4(a)(1) and (a)(3), report the number of dwelling units and bedrooms destroyed or removed from this project area as a result of redevelopment activities; the number of above moderate units or bedrooms the agency is not required to replace; and the income category and type of households permanently displaced from the project area ~uring the fiscal year. Number of Households/Units/Bedrooms :ncome Level -iouseholds Permanently Displaced-Elderly Households Permanently Displaced - Non Elderly -~ouseholds Permanently Displaced -Total Units Lost (Removed or Destroyed, and ReqUired to be Replaced) '~drooms Lost (Removed or Destroyed, and Required to be Replaced) ~,bove Moderate Units Lost That Agency is Not Required to Replace Above Moderate Bedrooms Lost That Agency is Not Required to Replace . b..-. Pursuant to S~0~ 33080.4(a)(1)and (aX3),' report the amber of households permanently displaced as a result of redevelopment activities other than the destruction or removal of dwelling imits and bedrooms fi.om tl:fis project area; and the. income category, and type 0fhouseholds disphced fi.om the project area durin~ the fiscal year. ~.' '.. "~;:.. 5 -':.-' .- '." '= - :-~ ....... :. ". '" Number of Households ~ ~~--~derly .... :: ...... LHouseholds Permanently~--~--'~-~ ,7 ~ '~ ........................................ . .... ~ .... ' ......... '-' -~:,----- .::--'-:-','~ ::- '" ' - ' ' t disphcement, &-sa-action or n:moval of dwelling c. Idmti~ each rephcement housing ~lan ad. dlif~l that ]s related to permanen -' ..... 7"--' :-':Ni i-of ^iency Custodian Dam Date- · :' Name 'of Agency Custodian ~!:'- I .... mo .. day.:.:, yr. .-.. ':':: ..... - "- - -' -:-':::- Name ofAgemcy Ctistodian /': "' :' /" . ::._... mo.: day' yr --'~' . - - [ Ple~-~e a_-,,,'~, a . .:.--::. ,_..:. :'-:.. . . . .. . ' ''" ,;':.. .-.-, 2 ~c'. ;-.' ... _' California Rr, d~v~lopmmt Agencies- F'mal Year 1999-2000 S;h ^ ~7/]/00) HCD-A ·" ' "" Page 4 of 6' -:': Ag,zncy Nam-.: Tusfin Community Redcvclopm'..'n! Agency Housin~ Units Lost and Households Displaced (continued} , ao l'rojcc! Ama Name: SOUTH CENTRAL As required in Section 33080.4(a)(2), estimate thc type and number of households, by income category, to be permanently displaced from this project area during the next reporting period (Fiscal Year 2000-2001): Inc~_?_~ Level ~ermanently b'isplace'd -Elderly ~~ ~ ~'~,derly [HOuseholds Permanently ~ ~ ~-0'~ Number of Households b,, Identify each replacement housing plan adopted that is related to permanent displacement, deslxuction or removal of dwelling units or bedrooms during abe next reporting period and identified ia paragraph 7a. as follows: Date / / mo day yr Date / / mo day yr Date / mo day yr Name of Agency Custodian Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet of paper listing any additional housing plans adopted. "i New or Subs. tanfiallv Reha.____~bilitated Dwellin Units Develo ed Within This Pro'eot Area From 8. ~t to Section 33413(b)(2)(A)(('), agencies may choose one or more project areas to fulfill another project area's requirement to construct new or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and finds, based on :'i':'?'-7- :. substantial evidence, that the a_oo-regation of dwelling units in one or more project areas will not cause or exacerbate racial, ettmic':.V.:.::~".':'-": _~ ,..'--." ..,.; ~..,- economic segregation. Were any dwelling rots in this Project Area developed to partially or completely sa~fy another project "':':":: "' area,s requirement to'construct new ~r substantially'rehabilitate dwelling units? .. Resolution # Date sent to HCD:~ mo "' '- "Number of Units VL L M AM ['-] Yes. Date initial finding ~s adopted? / '- / ...... mo i' day yr. n.ao Name of Other Project Area(s) / / day yr California R~'elotummt Agencies - Fiscal Year 1999-2000 seh n ('/n/oo) HCD-A Page 5 of 6 Agency Name: Tusfin Community Rcdcvclopmcnl Agency "- . .qales of Owner-OccuPied Units Prior Io Iht ExDiratien of [,and' Use Controls -:...~?..' l'rojec! Arc~ Name: SOUTH CENTRAL Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equily sharing program, agencies may permit the sales of owner-occupied units prior to the expiration of the period of the land use controls established by the agency. Agencies must deposit sale proceeds into' the Low and Moderate Income Housing Fund and within three (3) years from the date ofunit sales, expend fufids to make affordable an equal number ofunits at the same income level as the units sold. a. Did the agency permit the sale of any owner-occupied units during the reporting year? : r~] No. , F'] Yes. [Total Proceeds of Sales Deposited [$ [ Number of Units ~ INumber of Units ...... · · . b. Did the al~cy"expe~d funds in the reporting year to mak~ affordable an equal number of units sold over the last three years? ~]No ............ -_ : Total LMII-IF Funds Expended 15 ] Number of Units Income Level VL L M Total' FY 98-99 Sold Units Equally Made Affordable FY 97-98 Sold Units Equally Made Affordable - FY 96-97 Sold Units Equally Made Affordable - D Yes. Affordable Units to be Constructed Within the Next Two Years. 10. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be financed by any federal, state, local, or private source and constructed inside the project area, within the next'two yea~. Identify any executed contract or agreement and specify the estimated completion date of these future units and ~e amount df funds, if any, that make up Total Encumbrances reported on HCD Schedule C, Line 8b(2). Also, for any unencumbered funds budgeted and designated on HCD Schedule C, Line 8b(3)(a) for intended project use, complete as much information as applicable. I DO NOT REPORT ANY UNITS S~OWN ON SCHEDULES HCD-B OR Ii'CD-Ds. ! n.a. Name of - Project and/or Contractor Agreement Execution Date EStimated Co_~letion Date EncUmbered $ ~ch C Amount Desi!;jnated $ $ FPIeca~ch a separate .,beet of paper to list additional housing plans. J C::alifomi~ Redevelopment Agencies - Fiscal Year 1999-2000 ~ ^ (7/]/oo) SCHEDULE IICD-A ~In.~ide Proj~! Area Activity for Fiscal Year Ended Agency Name: Tu~lin CommuniW Redevelor~ment A~vncv _ Project Area Name: TQWN CENTER ., · , Preparers Name, Title: Jim Draughon. Senior Project Manager_ Preparer's E-Mail Address:jdrau~hon~tu,qtinca.or~ _ Preparer's Telephone No; (714) ~73-~ 121 Preparer's Facsimile No: (714] 57~-~ l 13 _ General lnformatim! ; .... · · ............. "i~._~!'/. .... 1. a Year that plan for project area was adopted: 1976 Current expiration of redevelopment plan: 11 / 22 '/2016 - mo day yr. b. If project area name has changed, give previous name(s) or number:, n.a. Year(s) project areas merged: n.a, , · , .. Project areas merged; n.a. . Year(s) project area plan was amended and real property was: (1) added: n.a.. , ...... (2) removed: n.a.. , , ~ Project areas adopted, and areas added by amendment, after 12./31175 are subject to section 33413. All other project areas are subject to Section 3341.3(a), effectix;e 1/1/96, with respect to housing activity specffied in Section 33413(d). An agency may elect to make all or part of Section 33413 apply to a project area for which a plan was adopted before 1/1/76. If the redevelopment plan for the subject, project area was adopted before 1/1/76 and the agency has elected to apply all or part of Section 33413, provide the date andscope of the resolution. ._ " Date: / / ; Scopei .... mo day yr · . . NOTE: ~ ..., -. '.-. · Expenditures for debt service should be reported on Schedule HCD-C., Line 4c. - Dollar mounts for items HCD-A lines 3n.-3f. and 3i. (where an italicized line number is noted in parentheses) can be' . taken directly from that line number on the State Controller Office's (SCO) Annual Report of Financial ~'rnnSacfions of ..-~ Community Redevelopment Ailencies, Project Area Income Statement, except for the reclassifying of Transfers-in from Internal Funds and the reporting of Other Sources ns discussed below. .. . Transf~in from other internal funds: The specific sources of transferred funds must be reported in items HCD-A · · lines 3a.-j. For example: transf~ into the Housing Fund from the Debt Service Fund for the depo~ of the 20%. set- aside should be reported on Line 3a(3).. _ --. . · -. .-~ ~_ Otb= Som,~: ~o;.-~ ~"~~--~pt~b~' a~oim,-.~_rma~a~) r***-,~ ~uO ~ ~-d ~a,~ ~or tho~ ~.~ t~ L~d .aed for a~ m~*od t~ ~o~d ~.-d ,a,~ ~,o-~d b, ~pon~d o, a..Cp-~* ~- ~o,~y r~e,~d for .... the repayment ofloan principal to. ~e Housing Fund should be included on HCD-A Line,~ , ':.. ,.:' ,"..' ,'i: ..... - . California Rcdcvclopmcnt Agcneie~- Fi.~ral Year Sch A U/~/O0) .. HCD-A ~...;: ...- Page 1 of 6.. ::.. Agency Name: Tustin Community F, edcvc]opm:nt Ag~cy /~, '.'-,; !'.V Projcc'l Area Nam:: ?OWN CENTER .l'roiec! Area Housin~ Fund Revenues and Olher Source5 3, Report all revenues and other sources of funds from this project area which accrued Io thc Housing Fund over thc reporting year. Any income rclatM to agency-assisted housing locatM outside the project area(s) should bc reported as "Other · · · · ' Any Revenue" on Linc 3j, (of this Schedule A),' i r 'e. ct area' 'a as ~a n the aut ]n re luhon. other revenue sources not reported on lines 3a,-3i., should also be reported on Line 3j. Enter the full 100% of gross Tax Increment allocated (prior to any pass through and deduction for fees) on Line 3a(l). Compute 20% °f gloss Tax Increment and ~ter the amount on line 3a(2). Next, report the amount of Tax Increment set- aside before any exemption and/or de£erral if am unt se~- i ' les than 2 o e lain the i e e cc. If any amount of Tax Increment was'c'X_.m'Fpted or deferred,' addison to.. ~.__.n l.!~_.__a 4 a .' ~I~rA,l ~u~tr~ a~oCwl~'l'~cd/°r ..... - ;:,.. -'-: ....... '" ' '" ' ' to the Housm Fund [Line .,-~..,~, - LineS, To deten-mn~ th~ amount of Tax Increment deposimt exemp ICing' a i'il 'a [tine mi ,m r. in:th T? ,U ait' noc ousing [cine · i .:, .-: , : , ,. ~,,. :., ..... ,'.- .... 7'7.7 ..... /.-,i.'~ a. Tax Increment:' :..'. '.' '.!.' .:,::'.,':",i-, '""71i')' ':~. ~'J.i -.'i' ' ":. 5. '.':;-5: 'i'.,:" ' ' . .'. ' : (1) lO0%gfCri'bs'S('~CoLinelF')i ............. $ _2,520.492 ~ Minimum Dctmsit to Homing Fund (Line 3a(1) x 20%): $ _ 504,098 _ (3) Tax Increment Allocated to Housing Fund $ 503.982 * : · If less than 20% of the Gross Tax Increment (see 3a(2) above) is being set-aside in this project area in accordance with Section 33334.3(0, identify the project area(s) contn'buting the difference. Explain any other reason(s): sOuth C~tral Pro'oct Area · ~ (4) Amount Exempted [Health & Safety Code section 33334.2] ':::-;-'A., (ff th.ere is an amount exempted, also complete question fl4 (HCD-A): ($ · i2:f~¥;:) (5) Amount Deferred [Health & Safety Code section 33334.6] :?:"'.:?;: (fi'there is an amount deferred, also complete question #5 (HCD-A): ($ ) (6) Tax Increment Deposited to Housing Fund (actual amount deposited) [L'mes 3a (3) - (4) - (5)] $ 90.669 $ b. Interest Income ($C0 Lne 5 ): '- · c. (sco' 6 + Z): ~.' d. Sale of Real Estate (SCO Line 8 ): -- e. ' (sc. o lines g + t0): -- . '.:._zad' :3~_': ~ ·., .al:. :~_. ,;5 ..' ' .b ' a . - .... $ f.- Bond Administnth,e Fe~. (sco_ Line 11 ):_ .. t-. Debt ~ (EeO Lin ) .... ..?..~:::~,..?, -., , :,. ,. .:. : ..., ,--:-..:. ~_, ...... :, ,_-,£-_ .-. _. ~,-,~ .,._':i- ' ' ,~'- ', - ....' ..... ' ' ............ . ".~57' . .... ... - ;_: -7 ..... -$" ~., ...............- .:::::- . . .. : ' ': -:'.' -t:'~:,':: :..'5.-~'.:: ":~.:.~:.:' $: 594,651 ..:..:,.':.-:;i _ :-.'i.:'.:.'.!?'~i:.:~. Tolal H°~g Fund Deposils f°rl:his l:~roje~.Ax~ (add. ~=.3: aC6).., ffuT.2~;~.):' -_ ._ ... 5._.:)'. ,..: ..,, ;: j ':.:;.5.'"~:, '% '-.-- '..::z.-'.7'~.' '.' '" . - .. :';, ': ..- :. :.' :-' ....... '- --~ ,' ' "7 .--.'. ::i~;. ~..:,:.'75.'¥~'.:?'5. ' ' ' · · -..- - HCD-A · '-' ' - .---.,,, :,:<-,-- .:.:~.'"i ~:::,::-_".4: '" .... Page 2 of 6 . , · .. s~ ^ ('7n~) · '- Agcmcy Name: Tuslin Communily Rcdc,,~.,,pm~t Agency Project Area Name: 7OWN CENTER [xemplion(s) 4. Ifan exemption was claimed on Line 3a(4) to dqx~sit less than the required amount, complete the following information: Current Resolution #____ Resolution Date: ./~/ Date Resolution with facts sent to HCD: ~/~ mo day yr mo day ¢~beck only one of the Health and Safety Code Sr..ctions below providing a basis for the exemption: , , [--I Section 33334.2(a)(1): No need in conmmnity to increase/improve supply of loWer or moderate income housing. [-'] Se¢fiC~n 33334.2(a)(2): Less th~n'20o/0 set-aside is sufficient to meet the need.. ["] Section 33334.2(a)(3): .community is ~g substantial effort eciui~,alent in ~alUe to 20% set-'aside and has specific .,!; ~ontractual obligatiOns inCun-cd before M£y 1,.199! requir[n, g c'6htinued ~ bf this fun ~dipg: i' ' · . · ] Note: Pursuant to Section 33334.2(a)(3)(C), this exemption expired on June 30, 1993. [ Contracts entered into prior to May 1, 1991 may not'be subject to the exemption sun,et. ] Date initial finding was adopted: / /~ Resolution # " mo day yr Date sent to HCD / : mo day [-] Other: Specify code section and reason: Deferral(s) 5. a. If you are deferring the set-aside, indicate the reason. Check only one of the below Health and Safety Code Section boxes: [-] Section 33334.6(d): Project was approved before 1986 and tax increments are needed to meet existing obligations. INote: The previous allo~'able deferral under Section 33334.6(e) expired. It was only allowable in each fiscal > ear prior to July 1,1996 with certain restrictions. I Date initial £mding was adopted: /__/~ Resolution # .. Date sent to HCD / / mo day yr mo day yr El' code smio"n b. Wtien was current year.'fmding adopted for any deferral claimed in 5.a.? mo day yr . Identify Resolution # Date Resolution sent to HCD: '/ / ,; mo day yr :. A deferred set-aside pursuant to Section 33334.6(d) constitutes an indebtedness to the Housing Fund equil tO'the amount of th~ set-aside being deferred. Summarize the mount(s) of set-aside deferred duiing this fiscal year and cumulatively: ,. · :. Fiscal year ' Amount Deferred :"~Aiil~fint of Pri°~rFY !' Cumulafi~/e Amodnt *- -'-" '"-- · - ' This Reporting ~ Deferrals Repaid ' Deferred (Net of Any '::.-. V-'- .... .-. ..... :.-'. 'During Reporting FY' Amount(s) Repaid) 98/99.-..' ~ ~ $:1-. 2,21.6,47.4:':~': -' ' 99/00:-:_ - -$ 0 .... . .- .. :- $ 0 .... :" ~ '" $ * 2',2i6;470' '"mOunt of aiffcrcnce " - Page 3 of'6 California Rmt~. lopment Agencim- Fiscal Year 1999-2000 s~ A UAmo)":' ~' · - Agency Name: Tusfin Community Rcdcvclopmcn! Agency -, Projz¢! Area Name: 'tOWN CENTER · ~y.:) Oeferral(s) (continued) · · .,. mo day. yr ::':' "~' '; .... 7'' : ' .., ......... -?:. ". ~'; .... . : ' ~. .'~' t' ..: ?:::".-,,~ -'~ :.:'. : When ~vas the last amended plan adopted for'the claim'ed deferral?-- :. -- /,. :-- - / . -. mo day yr Section 33334.6(g) requires any agency which defers sa-asides to adopt a plan to eliminate the deficit in subsequent years. If this agency has deferred set-asides, has it adopted such a plan7 Yes r'] No ['-] Ifyes, by what date is the deficit to be eliminated7. / / ~ "' .._." mo day. .yr . ..-. · If yes, when was the orJeinal plan adopted for the claimed deferral? _ / / ' ~" .,, _. ................... - .: ,mo': day. yr::.., ,-. identifY Resolafion #' ..... :_..z Dat~ Resolution sent to HCD ).f':':'):/' '''j -' .... '.. '""'" "'": '"'- Identify Resolution # Date Resolution sent to HCD Housing Units Lost and Households Displaced 6° ao / / mo day yr Pursuant to Sections 33080.4(a)(1) and (a)(3), report the number of dwelling units and bedrooms, destroyed or removed from this project area as a result of redevelopment activities; the number of above moderate units or bedrooms the agency is no_.3 required to replace; and the income category and type of households permanently displaced from the project area during the fiscal year. Number of Households/Units/Bedrooms Income Level VL L M AM Total Households Permanently Displaced -Elderly 0 !Households Permanently Displaced - Non Elderly 0 Households Permanently Displaced - Total 0 Units Lost (Removed or Destroyed, and Required to be Replaced) ~ / 0 Bedrooms Lost (Removed or Destroyed, and Required to be Replaced)~ ~ Ab°ve M°derate Units L°st That Agency is N°t Required t° Replace III Above Moderate Bedrooms Lost That Agency is Not Required to Replace ~ ~ __ Income Level VL L'- M AM Total _ Households Permanently Displaced - Elderly ....... 0 Households Permanently Displaced - Non Elderly ......... ~.- -~ ................ .- -. 0 ~ Households Permanently Displaced -Total -~- . ................... 0 b.' Pm'suant tx) Sect~ons'33080'4(aX1) and (aX3), report the nnmher of households permanently displaced as a result of redevelopment activities other than the desm~ction or removal of dwelling u~.its and bedrooms fi.om this project area; and the income categoz7 and type of households dispheed from the project area during the fiscal, year. -: .... - ............ -..-- Number of ]:[ouseholds -.. c. Id;~'e~c~'~~ h_~us~'plan~d~pted that 2 ~ ~ p~~ ~~~ d~caon or~o~ of dwe~g ""~. mo &y -~ /,,... Da~' -- "/ .... / ..... - Nm~'SfAgm~ ~~ "'"' ' _ -. ...:' . . . . ';.; mo &y. ~ - .--:,-., ..... . .. Da~.,:. ,- / -'<-' / , 'E~ofAg~ " ' ...... "-" ' -~...-, ' ' ."- · . . ~ ftc'.,' ;.~ ;'~: . ' - ". ' -' - . .. - . .. .. California Redevelopment Ag~cies - Fiscal Ymr 1999-20~ s~ A C/ti/00) ' .:,';:"- HCD-A Page 4 of 6 -'"" · ' ...... -~ ........ r'- A'gcncy Name: Tustin Community Redevelopment Agency H'ou~in~' []nils l,o~! and Households Displaced (continued) . Projcc! Area Name: 'tOWN CENTER a. As required in Section 33080.4(a)(2), estimate thc type and number of households, by income category, to b¢ permanently displaced from this project area during the p_~ reporling period (Fiscal Year 2000-2001): Number of Households Level ~ermanently Displaced -Eldedy ~ ~ Displaced ~'~"~dedy LHouseholds ~ Displaced ~ · b. Identify each replacement housing plan-adopted that is related to permanent displacement, destruction or removal of dwelling units or bedrooms during the next r~porting period and identified in paragraph 7a. as follows: Date / /__ mo day , yr Date / /__ mo day yr Date / / mo day yr Name of Agency Custodian Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet of paper listing any additional housing plans adopted, i New or Substantially Reh_.abilitated DweIlin Units Develo ed Within This Pro'ect Area From Activities of Other Pro'eot Area s Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project areas to fulfill another project area's requirement to · . . _d_uff2 .a..~ ~u~b ~i~ ch:~e ogr 7xda c c~;ebm~ceidal~Z~ "'"'~ 8. construct new or substantially rehabilitate dwelling umm,.prov~ded the agenc~y:c_o_.n thni~:: · - ' llin units in one or more project ~u~,~-- ,~,,~ .1,,, . .. :........-..: substantml ewdence, that the aggregauon ofdwe. .g ............ ~, .... co,-,--letel,, satisfy another project '::;~.:_'.:.":;.-'.-' economic segregation. Were any dwelling umts m ttus t'roject,q.rea aeveiopea to pm ua-~, ,,~ -,v ~ -~ .,-.:.... area's requiremeni to conslmct new or substantially rehabilitate dwelling units? · . :. ~ . El o. 1-] Yes. Da~e initial finding was adopted? / / Resolution # Date sent to HCD: / /__ - -- -- mo day yr ~-:" mo day yr " - - Number of Dwelliq Units VL L M AM Total Name of Other Project Area(s) ~ ~ . ~ O ~.a. - -- ~ ' ..... -.- -. - o . · . - ,o,-. - ...,. .. - ....................... ~.. · -. . ,,~.. .- .-, · . .- . .... · .- . ~ ~,_'-'L~,. ~' ~ =3 -" '.. ·' :~',- ~ . .... .¢, -.-. · . · . · . ,-~..., : .,~ .4 .... - ..... ~o. ,. ~ _ .~. ........- ...... . - - · -. ~.-~ ~.. -:. ..~ .r ': .¢? ...... . , ,. . ~--- ~ - . . -'- ' Ca]U'omia l~dcwlopm~nt Ag~ci~ - Fiscal Y~ar 1999-2000 (7/]/OO) · HCD-A Pagc 5 of 6 Agency Name: Tustin Community Redevelopment Agency Proj:~ Area Nam=: 70Vv.~ CENTER ,~_ales of Owner-Occupied Units Prior t9 the Expiration of Land Use ControLs ",'j:-" ~ Section 33413(c)(2)(^) s~ifios ~at purs~nt m an adop~d ~o~am, which ~nc]udcs but is not ]~milcd to an ~uity sha~ng pro.am, "~'??' ag~cies ~y ~it ~e sales ofo~er-~pJ~ ~i~ prior ~ ~e expiation of~e period of~e land use ~n~ols esmblish~ by ag~cy. Ag~cies m~t d~it sale pr~ ~m ~e ~w and Moderate In.me Housing Fund and wi~ ~g (3) years from ~ of unit ~les, ~pend ~ ~ make affor~ble an equal ~~ ofuni~ at ~e same inc~e level ~ ~e ~i~ sold. a. Did ~e agmcy pe~t ~ Sale of any o~-~pied u~ dung ~e r~g ye~? ~ Yes. ~ Proceeds of Sales DeposeS ' " '1 :¥: Number of Units ~umber~~ No. YeS. TO~ LMIHF Funds Expended Number of Units Name of . Agreement ---------- Sch C Amount ~ch C Amount Project and/or'. Contractor____.,___ Execution Date Estimated Co_9.~31etion Date Encumbered $ Designated _ [Please attach a separate sheet of paper to List additional homing plansJ :_ ·, :_ . ,; -, - : -. . ._ ... - .. sc~ A HCD-A Page 6 of 6 ANNUAL REPORT OF HOUSING ACTIVITY For Fiscal Year 1999'- 2000 · · · . , SCtlEDULE ItCD-B Qulside Project Area Activity for Fiscal Year Ended 6 / 30 / 2000 .. , Agency Name: Tustin Community Redevcl~mcnt Aemc~ Project Area N~e: N.A, Pr~s Name, Title; ~im Drau~on. SmJor Proi~ Manaec~ Pr~ ~Mafl A~esS~ idrauehon~stinca'0re' ff · ~:~ Pr~ar~'s T~l~hon¢ N0~ {7j4) 573-3121 ' :' '" Pr~'s Facs~le No: (714) 573-~11~ ~'~' HousinR Uni~ Lost and Households Displaced ..... ~ ' ': ' :':::'~ / ~' "' ':/ ' ' ' ~ .... ~?: 1. a. ~~t ~ Sccfio~ 33080.4(a)(1) ~d (a~3), r~oa ~c n~b~'ofdwc~g ~ ~d b~~ dcs~oy~ or remov~ ~om ?~'~ ou~idc ~e proj~ ~ ~ a re~lt ofr~clopm~t a~vifies; ~c n~ of above mo~ ~ or ~oo~ ~' no~ re.bM ~ r~lace; ~d ~e ~me ca~go~ ~d ~e ofho~hol& ~~fly d~l~ bom ou~id~ d~g ~e f~cal ye~. Number of Households~ni~edroo~ Income Level "- VL L M AM Total Households Pe~ manently Displaced -Elderly 0 Households Permanently Displaced - Non Elderly 0 _ Households Permanently Displaced -Total 0 Units Lost (Removed or Destroyed, and Required to be Replaced) ~~ 0 ~o~-"~~~'e~o'~,~~e-d-to be Replaced) - / 0 ~derate Units Lost That Agency is Not Required to Replace - 0 Above Moderate Bedrooms Lost That Agency is Not Required to Replac~ '--'--- 0 Purs-ant tn Sections 33080.4(a)(1) and (a)(3), report the nmnber of households' permanently displaced ~ a result of redevelopment activities other than the destruction or removal of dwelling units and bedrooms from outside the project areas; and thc income category and type of households permanently disphced from outside the project areas dm-hq the fzscal year. ..... - .................... · ............... Number of Households ~Le~;ei' ':" ' ~'~r~a'~ently Displaced - Elderly · -: ~ ~ Displaced No--0"~-'~c~erly ' IHouseholds ~ Displaced T---"~'i~: ' c." Identify each replaeement'ia-o-u~ing-iflan adopted that is related tO ~enmn~nt disph.~e~,em,, ent, dest~,,..c~on o_r,r, emoval :.-.-'Unifs'or bcd~o'(~x~s d~Sng the fl./cai 37ca~-~nd identified in paragrpp~ ,'m. _ . ', Dam __/ / - Name of AgencY ~!"",'.'r'."' ' ,.= ...... .,~ - _--=,~.::t_..,:'.' '-':.-.j':': :_ _~ ..... '_: ..... 'yI'.~it_ij-~..'Z:'~,? ;:~- . ' ...... -., '-...a~--.' .... ,~.,,--,.-,'. .. ' --., ~, ,::~.': "- ..... -': A§e~ . _ -'-:.-?:.- --.~:~'.'?' --' _. Date..-' ...... i~ I:~':::'-': 'l~:~. ".- -~::::::ft..":".~ Name of cy Gu~dian'.:~.. ..... ~-:.'".':~'" '-" :--'-:' ~' ': ':- . .. . -, - .. - ) , - - , . , . r - . . :-.~ . . '. ': -. . . -. · .... . " .. -' ..!,~-,,-"I' ~ - --,: ~., .... ~. - -.:~.-'.-~,- :mo.,=< day ~-yl%?,..~v,~. -- ' :.,~'~:' ;..r~,,, -.... ;--. mo .,::clayey.: ...... ~..:._..: ..._.:_~ ...... ~.._. ......... .~_.::_.~.~._ .~.~ - _ _.,~.. - .__.:: ..... : ~-w-'~.."-+ ~?l~:<-c----e~,'~'gc?__,~+-- .<~,_~-t_ oflr~p_,cr lis~s any ~_a_ai~O/nl housing plato adopu~l~.~ ....... ~, ! ...... - _ :':-;.'2:= ~:~..,,;-:;. '-~ ........ ~ '""" '-' · . ~- .~ ............ ~-. ~..~,-; . -,-~r. ..-r-~, .- ............ ...... + ,. . ~. ........... ~ ............... ....... . ¥, . , . . - ... · :. _ =~ -.. ~....:.~...:, "":&<'"' -'"=":"'"~"'~'-""~'- t-'--"' :: ,; :-~;--,:..-x;~- .... :..:,:: ::'_ ..... ~--:- ~----~-.: .--~.,"~--.:.'x.-~_:~2-:~- .-.-_ .-- .,~::'~'-- ........ 7'--; " ..... : .-' ~.'-"' "1 ........ .*-' .......... ~.- -- ........ ,z: ........ ~: ._, ~.-7.='..,'-.'-.,... --,_::.-_'.-.._,- ::. ;-'-.:., [ _-.. ..------ ,:.: -. -::~ : ..... - . . ......... . . .,. - .,,,--::,:s,e-,?z~;,.--~. ........ ,_:: -,:- -.. -.?-:,~-:--~/~',.-.'-,~'~,~:',::~:,:,.;'~-:~:'.::'z -7'".! . '~' - ' ...... -' -"- I-ICD-B California Reztcvelopment Al~-ncics -Fiscal Year 1999-20ffi ' '":" ~' -': .... s~ n C/n/00) ~-?" .. ............. -r Name: TustJn Communhy Rco,. ~clvpmen! Agency ~{ou~int~ Units l,osl and JJou~eholds Di!;placed (continued) b, As required in Section 33080.4(a)(2), estimate the type and number of households, by income category, to be permanently [aced from )utside the iect durin the next rtil )efiod: Number of Households .-. .'. UJ~?JdL,4T, LI IJUJJJ IJULbJU~ LIJ[, J./J U.,IL, Ut -~J~.,a uaiaJJ~ ,.J~- J~V,~, .--~- ...... ~ t' ....... Income Level VL L M AM Total Households Permanently Displaced - Elderly 0 Households Permanently Displaced - Non Elderly 0 Households Permanently Displaced - Total 0 Identify each replacement housing plan adopted that is related to permanent displacement, destruction or removal of dwelling units Or bedrooms during the next reporting period and identified in paragraph 2a., as follows: '"": Name of Agency Custodian Date / / mo day yr Date. / / ~- mo day yr Date /-. / mo day yr Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet of paper listing any additi'onal hou.sing plans [ adopted. ! Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equity sharing program, agencies may permit the sales of owner-occupied units prior to the expiration of the period of the land use controls established by the agency. ' Ageiacies must deposit sale proceeds into the Low and Moderate Income Housing Fund and within three (3) years fi.om the date of unit sales, expend funds to make affordable an equal number of units at the same income level as the units sold. a. Did the agency permit the sale of any owner-occupied units during the reporting year? E]Yes. ]Tot~! Proceeds of S/des Deposited. 15 [Income Level [Number of Units ' · b. Did the agency ex~nd limas in the reporting year to make affordable an equal numtx:r of units sold over the last three years? ,. ~ . ~ , [X~]O. · ......... . - ,. ~ . -- ......................... -: . ~ ... ~.:.~. . ..... Sales of Owner-Occupied Units Prior to the Expiration of Land Use Controls '3. Number of Uni -'-::.::'.:,~-:~ ) I VL I L'I M 'lT°tal] ~:::f/ To/al I.MIHF Fnnds Expended. [$ -- [ ..... ' Number of Units Income Level " VL L M Total · FY 98-99 Sold Units Eq,]ally Made Affordable ................ · . FY 9%98 Sold Unit-s_ Eq,mlly Made Affordable .... FY 96-97 Sold Unit~ Equally Made'Afford_able ' : ...... ' ' E] Yes~ ,. . Affordable Units to be Constructed Within the Next Two Yurs - ':~ .'---'- ' '`~-~:: -'~ ...... ~ ......... ~-:':'"-~ 4. Pursuant to Section 33080.4(aX10), report the number of very Iow~ Iow, and moderate income units to be financed by any federal, state, local, or private source and constructed outside the project area(s); within the next two years. Identify any'executed c9. ntract or. - 'agreement and specify the.estimaied completion, date of .these fuWlu~i.'ts and .the:amo.u~.t of, ,f~n. ds, :-':ff Enemnbranees reported on HCD Schedule C, Line 8b(2). Also, for any _uneneumb~ Iunas ouagetea' Schedule C, !-ine 8b(3)(a) for intended project use, eompletr as much information as applicable. "5 ;iL.-. 5.;;:~.." :..,.~i :":: · . . .: '~: 2-- [DO NOT I~EPORT ANY UNITS SHOWN ON SCHED~S HCD-A OR HUD-Ds. ] ' Name of .... :--. · Agreement . * ' L,,;'.;Z V'7' ' ~ Sch C-Amount Sch C AmoUnt -.~.~..": project and/or Execution Estimated Encumbered. ~" Designated' ' ' Coabac~or Date. Comp,ietion D_=te [Line 8b(2)] JUne 8b(3)(a)] ' VL. L" M Total ..... $. .. ..: $ . ~ ...~ -..:. ....-:.. . Please sh~t to list additional ho,~-g plans. I' atll~ of paper -.. " ': "',:- :'-~' "-~-:'"' ;'-.-: :;-".':'.' ::",. HCD-B -...':- California Rgdev~iopm~t Agencies - Fiscal Y~ar 1999-1000 -, Page 2 of 3 sr.h n Ag,,;ncy Name: Tu$1in Community Redevelopm'--nt Agency -- , , ...,:. _ ] o...: : . .. . . - · . C~lifomia Redevelopment Agencies - F'.u~I Y~ar' 1999-2000 sch B HCD-B Page 3 of 3 ANNUAL REPORT OF HOUSING ACTIVITY For Fiscal Year 1999- 2000 SCHEDULE HCD-C . . . _-~".:'.-( -. . . . .. SCHEDUI.E IICD-C Agency-wide Activity for Fiscal Year Ended 6 / 30/2000 Agency Name: Tu$tJn Communi~ Redevcl~ment Aeenc'~ Preparers Name, Title: _~im Drau~on. Seni0~ Project Mana~ Preparer's Telephone No: ¢J14) 573-3121 · . County: _ Oranne Preparers E-Mail Address: jdrau~hon~tustinca.or~ · · . Preparer's Facsimile No: (_714) 573-3113 Low & Moderate Income H'ousine Fufids :,-'.'-i '"'-,~ ~ '(''' ..... "'''~ i:.: . :: Rep°rt on the "status and use of the agency's Low mad Moderate Income H°u~ing FUnd.'' Most informauon reported here should be based on that reported to the State Controller. When applicable, use 4;~ for negative am~ounts or amoUnts to be subtracted. · . . 1. Beginning Balance (Use"Net Resources Available" from last year's Line 4 on HCD-~ ' $ 5 104 664 . · · ..... . .... a. If Beginning Balance reouires adju~hnent(s), identifY the reason and amount fro:each' adiustmen.t: · . bo $ Total Adjustment(s) (indicate whether positive or <negafive~) $ 0 .Adjusted Beginning Balance [Beginning ;Balance plus + or minus <-> Total Adjustment(s)] $ 5,104,664 ,:._':.: :.';- 2. Project Area(s) Receipts and Agency Other Revenues a. All Project Areas. Total Housing Fund Deposits [Sum of amoUnt(s) from Line 3k.,HCD-A(s)] _$ 1,157.549 · Other revenues not reported on Schedule HCD-A(s) [Identify source(s) and amount(s)]: $. -. .. .;' . _ . .'-~'~'L' 5 :. '..bbi' - -" $ c. Total Agency Other Revenues · . ' '..::'L :- _ '--: ">:-.:-- .:::~- ' 3. · Total Resources (Line lc. + Line 2a + Line 2c.) - _ :...:;. .6,262,213 ., : . C~lifomi~ RnteVdOlam'nt Agencie~ - Fi.~al Ye~' 1999-2000 ' -. . . NOTES: · -' ': . . ~"'-' .......... : ' . Many amoUnts to rep°rt as Expenditures and Other Uses (beginning on the n~xtpi~e') sfio~ild be tak~i'fi-om the Annual Report of Financial Transactions of Community Redevelopment Agencies that is submitted to the State Controller's Office (SCO). Line items shown on the SC(3 report (Income Statement-Cousolida~d) are shown as italicized line numbers within parenthesis (SCO Line #) at the end of applicable HCD-C line items comprising Expenditures and Other Uses. ' ....... - :~ _ "~ '~ ' -3:~- .;:.- ~ ~,,,;-~2 '~ ;: il,,, :. -'-- · , ' · -....~..: .... .._ ,: ....... ¢.':=-~. ....... ~- '.~ ..... '- . .: .... ;;= :. :':,'~.". _c;.'r..~;g~*-.:'~ ~:,..-.~.:-.,; ....... ...: ':.~. -- . _ For_ - ex~le, tmnsfers from the Hon~4ng Fund to the Debt Servace tuna xor me x~paymem applicable item comprising Line 4e/. Any transfe~ out of the Ag~.~ (for' .~l~i'??~a' Of excess surplus funds to a ... countyH°usingAuth°rity)sh°uldb~rep0r/~dinlinenj(3)'-3'~;;· ..'.~-p-,.<·. .... ::-:: :'.--' '-:.::.;"::"~;f5;2.0:.--.' ' . - . :~'-"~.:>~··'-.;·:>_i-·..:,:!·}.:?...¥~r:.j~.._..:.:_- .. =,:.__: :._....: .: ' ~ '.~fe ' diuneS sUch as land purchasesf°r · erus~,.No- A~~y.K~.' ~Ao:ountm~_~r/n~]~) ,-g. .xp~ ......... :_ . .. Otb , :..,.n-?.` .,.~ .....,: .~,.,- ~.-., _,,__.,.___;..a.u,..,,a.muv, nases.shouldbe~onHCDr. CLin¢4a(1)' ' ' .: *' .- ', .q~.;~..=_:~','-', ~r:'h'-'¢.~--~.'.-~" ~-~: ..'-. ~:C2-'V~:':.~,?~:.'-~¢ '~:~.;-.:;'" "~ :d=- ',~'-- ." ' -" ""-': ~ ".' : ...... · - ' · - ....... ~"- ...... ~-~'~:"?~%~-'.~-~"~='~-~':~"--~ -' ............ ~ . -. l'ae mmaory _.? ~~ t~ ..... ~... .~ .... 't' =. .. ' · ' ~er ~eg 1tC1) does not .... .. ~,t, ~. . _- .... .~ ~, .,.. -.....~-- · -.. '-__ · w~ble.. CRI, ts ~,.eess'.tb! - . .... .,~ ~,, n,,~_ neats ~~ ~av exvraWttmes ~mi et2~ ~s~ ~.d~ : . .. ...... , :.~·, .... ~.._, ,.. . ..,.,...._,.,. :..:: ¥='.~.,,<.-.-;:7~).~. :_. .... .... . :5i' "' ,- '- ,-" ?--". ' ' .- ' ~.:,, ''/- .... "-- L -" :" .... " '- - ....... . .... · HCD-C Agcncy N~m'.:': .Tu.~lin Communib .:v:topmznl · Expenditures and Other Uses Accl0/~ition of Prorm't3,/Bujldinr~ Sites [33334.2(e)(1)] & Housing Acquisition [33334.2(e)(6)]: (I) Land Assets (portion of SCO lnc Stmt Line 17) * $ (9) Other [Explain and identify amount(s)]i · ~, :..;' .~ :::'., ~'i . .; '::'.~'~ ' ' !' - ~ ' 'i.,i': 7., ,, $ $ 0 (10)': Shbtotal Acquisition of Property/Building Site~ (Sum of Lines 1 - 9) (2) HoUsing Assets (portion of SOO lnc Stmt Line 17) * $ 705,000 (3). Acqu!sition Expense (SCO Line 20) $ <8,806> (4) Operation of Acqtiired Property (SCO Line 2I) · $ ' ' ' (5) Relocation Co, ts (SCO Line 22) $ 0 (6) Relocation Payments (SCO Line 23) ... $ . . 0 (7) Site Clearance Costs (SCO Line 24) $ '0' (8) Disposal Eom (SCO Line 26) $ 0..:7:.. X..~. _.'.," ~ 696,194 *' SCO lnc Strut Line 17 includes costs of land and improvements (fixed assets). SCO Balance Sheet separates land (Line 16} and fixed costs (Line 17) Subsidies from Low and Moderate Income Housing Fund (LMIHF): (1) 1N Time Homebuyer Down Payment Assistance $ 237,823 (2) Rental Subsidies $ (3) Purchase of Affordability Covenants [33413(b)2(B)] $ (4) Other [Explain and identify mount(s)]: $ (5) Subtotal Subsidies from L.~:~F (Sum of Lines 1 - 4) $ 237,823 o, a. Debt Service [33334.2(e)(9)]: (1) Debt Principal Payments ...... (a) Tax All°i~0n, Bo'nds & Notes $ (b) Revenue Bonds & Certificates of Participation $ (c) City/County Advances & Loans ' $ ' (d) U.S. State & Other Long-Term Debt $ . . (2)~ Interest Expense (SCO Line 29) $ (3) Debt Isstmnce Costs (SCO Line 31.1) $ · (4)' Other [E3p~ and identify mount(s)]: · -:~':.. ~ ~'.. '::..- . _- -..~.,~. ;,. :.,-,'.::: ':,. -'. ',,~ ' · ..... ~'..' · . ........ (5) Subtotal Debt Service (Sum ofLines 1-4) ' ' $ ~':: 0" ~ ': . · a - ,~ ~ ~.~:~ _:..--~ .-,-(3 -:, .-~;:; -~ · : · · . ,.. ; ...... ; .... ............ [:.,~-w.?. · ~- ~.,?l.&~:..·,.--,~.-? ..... ,~-~,r~ , - t '-~ -,~:o .o-'~:.. '~,~:.~--.::,-:. ~ :&.'~,~2,~?~/'2:.~:..-~.:'-,:~.-.:'..%':;~:,~.5 - . a.,= Plmmm~ and Arlmmt, CraUon Costs [33334.3(eXl)]i . .,_ ::'. . : -:'-' ,: 5:" :..: (1) AflminintrationCosts (SCOLine14c~ ........ $150,408'7[.; .... -..::-:k .- ----.-.. ----, .::~...: .- -..,.., ..... . (2) Profession~l Sm'vices (non project specific) (/2CO Line 150' $118,910 ~:;"52: .... :-::.r.-(3)?,p!ani~.ing;sm, v~.. esign(nmprojeetspecific) (Line l6c) $. 15,000-.' ',-:.,~-.,,., .. i ". '. ' : ..... $ 54,397.r'~.-.o '--.-.":~' ~: (4)5 Iufli~et-- -,v- _,v-,?X~o'";~,-,,,..,c"g~'~t-,------~---, ,,-,,-,, n~=~atommu ~.~ ~ ...... "- :":';'; *': '.:.,~ ~'.?~" '- '. ?' :: .:: .:-::5. ' . - ' ".7 : .57. ...... ' '-' i[ .... : · *..' ."'~' %1:'..~":',~:C3-" ..'?. ",'~,,~ ;f,..~....'-t=- . .' i :;':'.':' -- - . '~ ,' j'..~:'~,~,,;-':-~;.~qt: ,/..'"'-.?.*,.:... .- ..-..-.:'- '-: :' t'; ;-.'..-L' ~.- ::~J. - ...... -C: ': ' "? : .."::.'-*~ ' :'" -'. i': -. ' ' - ~,,'<;.,~:~:~'z,[v;:",;/ ..';'< '- ...... :~.,*,'~';~¥ -~ : ° :: ,~ ,..,7 ', · . '~ ' .' ':2~."*'-/ .: 2' · -: -..5~:,*.".'5:'.'.,,~'f~..-?,.~..,--:'..~,,;~~'- ~.".:/'-.' '... ~'. ;.-. ~ _-~- ..... 5 ~.~"- (6} Subl0t~ Pi-inlii aha tdminist~tiou (Sm of Lines 1 - 5)' .'- "- .;.'-.% o.~.- ~ --. .' ..- o. :* , - ' "" '. .... ;'- ~:--~-'.:-. ' _-, · .. .. · .. . -Q .. . _ · . ..... · · ;' :': - .-:.'"..': '.;~=:- HCD'C C~lifomi~ Redevelopment Ageneie~ - Fi.~fl Ye~t 199~-2000 j. Agency Name: .Tustin CommuniB ,velopment Agency 4. E. xpenditures and Other Uses (continued) e. On/Off-Site Improvements [33334.2(e)(2)] f. Housing Construction [33334.2(e)(5)] g. Housing Rehabilitation [33334,2(e)(7)], (Line 27c) h'. · Maintenance bfMobilehom~ Parks [33334.2(e)(10)] 2. '~ Pre~erva~on of At-Risk Umts [33334.2(e)(11)] j. Transfers Out of Agency, (I) For Use Outside Community (33334.17) $ (2) For .Trahsit Village 'Development Plan (33334.19). ~., ~:~: · (3) Excess Surplus [33334.12(a)(1)(A)] $ ~,. · ' :~' .'~' · ez;.aj,(4) Other (ebde section auth&izing the transfer and a~.ount)',~' : · ~ ' ' ~ A. s~tl'on:": :.~:,~,?- :~:- :.~.':~ $' · · · B. SeCtion ' : ':' :~'~c~ '~ $ ,' L,:: C. Secfi&i" ' '~' $ . (5) Subtotal Transfers Out of Agency (Sum of Lines 1 -3 and 4A.- 4C.) $ 559,603 $ <35,468> $ $ $ 0 - . Other Expenditures and Uses [Explain and identify amount(s)]: $ $ $ Subtotal Other Expenditures and Uses $ 1. Total Expenditures and Other Uses (Sum of lines 4a.-k.) 5. Net Resources Available [End of Year] [Line 3. (Total Resources) minus Line 41 (above)] $1,796,867 $ 4,465,346 6. Other Housing Fund Assets (not included as part of Line 5, above) -=-.:,-:_ a.=- _ Value of Land Purchased with Housing Funds and Held fOr Development of Affordable Housing · ,:~; ..... - b. Indebtedness from Deferrals of Tax Inerenient Set-asides (Sec 33334.6): - [refer to Line 5c of Sch-A(s)]) "'":' - '- -'- ~" ' ° ~ ...... ~" 7' '' · ........... c.--. Loans Rece!vab!e for Housing Activities ·-., - ......- : · -- cl. ResidUal l~c~iPt Loans (slrUctUr;d foil~eriodic arid fluctuating payments): .... e. ERAF Loans R..eceiva_b!e(al!.. y .e,~rs. ) (Sec. 33681),.~_).::.. :_' .'~"L . "" _. f. Other Assets [Exp.~_~_d_.i, den.,tify am'otto., t(s)]: $ . . -. ~',,:::..ii.'<i., ~?..::u~, .:- k--c,, r.,, ~-_..-,.~ '~t ,'x. c~r-: --: $ · -.,:, - .x:.':~ ~ ~'~:~.z~'v-~-!*..i=~, '~ ' ..... ~',:~-: -.:~:' -~ q-'~ .... c-:'" ~:- k:~:-~"',. -. :~,:..- $ - 705,000 -- $ 705;000 g- ? Total Other Housing Fund Assets (Sum of lines 6a.-f.) -~:-~:!.:..~ <C" ~ ~..4w' . - ' ' ..c": - ~'- -~-:' ~'~:'-'- ~-'-= ............... 7-' ' "2'- ' 7. TOTAI~ ~ EQUITY [[_ 're_e-5 (Net R~i~ Availabl,,e,) + 6g (Total mg AssetsJ - :: .?~:& ~,~::~--:,-~'~,.f; ~;; ,'~K'~%~ ~ .:~-~;a--: F:-~v. =: :: ~:.-x.., ;,..: c; _.~r .7.. ~-- - , .'..~.::-;:_~',A; "' Lf;."r: F:I.L;~.~:-.-. ~. e-.~.;-;._~',.,.c':c--~;=~'*-,,'t~.:~-- :' ....... .': ..... - -' Compare Line 7 to the amount below from SCO Line 39e ~.alanf. e SI?, eet, of..Ann .ua!,Rep~ ofF.'m. _a~___eial., , J:_.ransa ous' of Comxn ty V. ,velopm=t ^genc =. ' .:...~'v ;'..-i ¢~'¢q~;,~;~ '~ a,:.~ .-,,,~'-~,..-'!..:r'i~.~ 'r''';'-~'S-':';' ~'';'" ~;',:t.%'L*: ::>'- '~.5 : ....... ' .... $ ~ ..... $ ' . · .-.-- ' ' · m~.-::: '..:.;~ .'r -'2..~."=, -': :"":- : ':'" ~':':'" Em'ER-A.MO~ FRoM ~39c FROg-TIm S¢O's BALANCE ~-~---"--= ............ ~'- $ ....... California l~dev~loprncnt Agencies- Fiscal Ye. ar 1999-2000 t'/ll I/'~/~ HCD-C Pa.o%e 3 of 8 Agency Name: .Tustin Communit3 <clopmcnf Agency Excess Surplus Determination Pursuant to Section 33080.7, report any excess surplus funds (as del'reed in Section 33334.12(g)(1)). Excess surplus exist~ for the cun'ent reporting year, if the Adjusted Balance [Schedule HCD-C, Line 8b.(5)] of the agency's prior year J 998/99 reportin~ forms exceeds the greater of: (1) $1,000,000 or (2) the aggregate amount of tax increment deposited into the Fund during the prior four fi'.. years. [See the below Table (Line Sa.) for thi, reportimz year]. · "Encumber" means committing funds pursuant to a legally enforceable contract or agreement for expenditure for authorized redevelopment housing activities [Section 33334.12(g)(2)]. In accordance with Section 33334.12(g)(3)(A) and (B), the unencumbered balance may be adjusted to account for any remaining revenue added fi.om debt proceeds and the difference between the sales price of land for affordable housing and its fair market value. 8. Excess Surplus: .... "' ' ' ' a. Fill in the below table to calc~laie~nd track your agency's ex~ess smplus mount(s) for applicable fiscal years. ' Increment Increment :,i '..: ..... Expended/Encumbered Remaining Excess Deposits to Deposits in Excess Surplus Against Each FY's Surplus for Each Fiscal Housing Housing Fund in as of'":-' Balance for Each FY' E3cCeSs Surplus as of Fiscal Year as of Year Fund Prior Four FYs 7/1/99'' ' as of 7/1/99 ..... 6/30/00 6/30/00 95-96 $ 961,840 ...... '-" ":::":'"' . 96-97 $1,035,607 .:s ..~ .;~;~:~'..;,>..~;??::., ~.';5~~:;~;~ $ 0 $ 0 $ 0 · r:.~, -r'.. ~,;' ~.'[,',,::'lr.~--¢.,:..' 97-98 98-99 $1,131,102 . :! i :~;r:,!2i;il;?-i~;~:'.:<:J~:!': . 99-00 --?:.,.:',5';:/~;'~.': $ 4,260,539 $1,647,411 $ 0 $ 0 $ 0 · ~:fr: ~ ~:'5%:.:~::'!' I [ * Adjusted Balance at the beginning of FY 99-00 is equal to the amount reported lastyear on HCD-C, Line 8b(5). ] Reporting Year End Unencumbered Balance and Excess Surplus Determination: · $ 4,465,346 (1) Net Resources Available (fi'om Line 5.on previous page): (2) Total Encumbrances (End of Year). See Section 33334.12(gX2) for a definition. Identify the amount of · - Line 8b(1)'that was '~ncumbered per agreement or contract by the end of the reporting year): ; - - $ 134,608 ' (3) Unen .cump?[e_d Ba .l~__ce (End of Y,ear) [Line 8b(1) minus Line 8b(2)] : '-.:., $ 4,330,738 · " " [Detail of Unencumbered Balance [Line 8b(3)]. No desi~nafion remits in all of Line 8b(3) as undesi~natedl "' I(a) Designated Amount of Line 8b(3). Portion budgeted for intended project use .... ~.- ~ ... $ . "-. I IRefer to item 10 on applicable HCD Sch-A(s) and item 3 on HCD Sch-B --,'~: -: . I --'- ' .. .. _ ... I(b)'UndesL~maied AmouJ~{"~fLi~b{3)} Portion not budgeted and currently available $ ' · ' ::.. '_..'..:.;.. (4) If eligmle to adjust the Unen .cumbere4Salance (End of Year). complete, the applicable A~justmen~t(s) below: ..... ":-?~,-~- -'f-' '- '"" - ' " . ' '.: ' .... (,5~ -~;.~c, ' :,' ,,,~,~-,.n.,l. ,- ":,~ ~..':, ;'~ < '-' · : ',C'-.>.-. . .;:'-'>5.:;'-' (a) Debt Procccds [33334.12(g)(3)(B)]: (.-'-:-:: '~ .,:>at: :~-:~.:-¥~?.!,.~.,,.-,.~.--x~,,~:'-.:~.~:,~,~'~.~:,-- ....... .. $ 0 - __...- :...: (.:,a;....,.,,..~.,.~_~.~ ..... . ...... ;, -'---~-'.f (;;: ~:i(;¢!;;5':.:.:~. { ?,~. :. I Not, Only include unspent portion of debt proceeds and rehted income remaining at reporting year end ! ..-,- .:· ':'·/~2:!'~[~ ~0) l~nd ~6h've~cc [S~l~/Gr;antf~e?C i0ss fron~'~'~[r'ma~;t'value o'fLMIH~ acquired land, if 49% or '$~' ~' 0 --. -..r':i ~;: .......... "rhorc ofbuilfor mhabffitated units arc aff0rda, b. lc.toJo. :w~,_-i~_~me.h~)useho.,!ds (3333.4A2(g)(3)(A))]:_. , ~:...51 ..... :,';.,:-:,:-.-~'. '.,'. ::.'., .,. '..' 7'., .. 2 .... · ..... , ,. - (5):Ad'ustedBalance[LincSbO}minusSb(4)andS~5)]" .-. ,~--: .... -._:..< .-,~.,~,;:.;~, ;(.:. ' .... ...: $>'4,330,738 -} . > - i'. '{. i:' [ Note: Adjusted Balance is the 7/1/2000 .amount to use in the calculation of next year's excess surplus .... ~. ~ ~ . :' '. - i. ' .....7/,C,2~- ~..:T.'~.~.~ ._" . -__ .' --. ~ "~-' '.- --~ ,J:'~,'~" ~'-~ ~-;"-~-'~ .................. "._CLb<~.~. Ify0urep, grtcd an excess surplus f6r the- Cim~t reporung year, bricfl~ summarize the agen~j'~ ~la~ ..... "'~..- c12 _ If Qie plan desCn'bed m S&'iVas-adOpted,' eiit'er the dat(th'Epl~' .:-.:: '.. - '-'. mo day yr · ... HcD-c California Redevelopmcnt Agencies - Fiscal Ycar 1999-2000 ,:. '~., c..*.~i ~f,-c -:..'.,,; ..~ ~: ,,. :..:..- .. -- ~0~ r"r~i~tr~' · ......... Page 4 of 8 Agency Name: .Tustin Community, :lopment Agency ~i~;cellaneoo~ l.J~es of Fundl If an amount is reported in 4e., pursuant to Section 33080.4(a)(6), report the total number of very low-, low-, and moderate-income households that directly benefited from expenditures for lmsite/offsite improvemen~ which resulted in either new construction, rehabilitation, or the elimination of health and safety hazards, (Note: If Line 4e, of this schedule does not show expenditures for improvements, no units should be reported here.) ., ~.. ~ .~ :,:,· .:~., . Households Benefiting 'Income Ho.useholds -. H~usehol~s from Eli~m/nation of Level Constructed '~ Rehabilitated Health and Safety Hazard Duration of Deed RestriCtion Very L Low 10. If the agency is holding land for future housing development (refer [o Line 6a), summarize the acreage (round to tenths, do not report square footage), zoning, date of purchase, and the anticiPated start date for the housing develoPment. No. of Purchase Estimated Date site Name/Location* Acres Zoning Date Available Comments · 14741 & 51 Newport Avenue 0.4 R-3 1 / 7 / 2000 1 / 2001 Subject to Owner Participation Negotiations Please attach a separate sheet of paper listing any additional sites not reported above. I 11. Section 33334.13 requires agencies which have used the Housing Fund to ass/st mortgago~ in a homeownership mortgage revenue bond program, or home financing program desm3ed in that Section, to provide the follo .wh.'~ g informafiom:~-. · '. ',' ~:'~","'/.: Has ~,6ui--ai~eni:y riaed the authority related .rd definitions'of` '.medme.or family ~tze'adJust~_. ,e~..t: f~cto~rs p~...vlded, m Seclaon - . : Yes['"] Nor] Not Applicable [~ ' . . b.. Has the agency complied with req ',uh~menl~ in Section 33334.13(b) related to ass/stance for very Iow-income households ' equal to twice that provided for above moderate-income households? "- - ' . ..'...... Yes r-]- No r-] ' ~- Not APplicable ~' -~ C. alifomia R~deveiopment Agencies - Fiscal Year 1999-2000 ~e.k t" t'/ll IflCl~'_ ....... ',_. HCD-C Page 5 of 8 - Agency Name: .Tustin Community 'elopment Agency 12. Did the Agency use non-LMIHF funds as matching funds for the Federal HOME or HOPE program during the reporting period? so If yes, please indicate the amount ofnon-LMIHF funds that were used for either HOME or HOPE program support. HOME $ HOPE $ 13. Pursuant to Section 33080.4(a)(11), the description of the agency's activities must include the date and amount of all LMIHF deposits and withdrawals during the reporting period. To satisfy this requirement, the Agency should keep deposit and withdrawal ·, information on hand to be mbmitted, upon request, to HCD or any member of the punic. , ....... '- · . , Has your agency made any deposits to' or withdrawals from the LMIHF? ... Yes ~].. No I-'] , - If yes, identify the document(s) descn'bing the agency's deposits and withdrawals by listing for each document, the following (attach a.dditional pages of similar information as necessary): .... · . Name of document: Date of document: Name of Agency Custodian: Custodian telephone number: Where to obtain a copy: State Auditor Controllers Report (attached) / -/- mo day yr Ron Nault Finance Director (714) 573-3061 City of Tustin Finance Department Name of document: Date of document: Name of Agency Custodian: Custodian telephone number: Where to obtain a copy: / / mo day yr 14. Use of Other Redevelopment Funds for Housing Please briefly describe the use of any non-LMIHF redevelopment funds (i.e., cOntributions from the other 80% of tax increment revenue)to construct, improve, assist, or preserve housing in the community. - ......... ' . 15. Suggesfions/Res0Uree N~'ds ~ :'~-:: :'- -- : : .... ~"" :' -'- ..... ' · 'Please provide, suggestiom tq S' .nj~plify and improve futttre, agency repo. rting and. id.eh..tify...anY. ~g::inif. ~~ 'an~9~r other resources, etc. that wOuld help your agenky to mom quickly and effecttvely use ars housing or other funds to.~m_.~,..m~.._Pr0ve, an.a preserve affordable housing? .~, . '-" , .~: -..i'~5'.-:~...'.'-' :' ~:",;., ' 5..-~. . . . California Redevelopment Agencies- Fiscal Year 1999-2000 Sch C (7/1/00) HCD-C ':"'Page 6 of 8 .. ANNUAL REPORT OF HOUSING ACTIVITY · .~ .~,.~ ,. :.-.,t For Fiscal Year 1999 - 2000 , ~.~ ~., · -.'~ SCHED~E HCD-D SCHEDULE HCD-D1 '~ENERAL PROJECT INFORMATIC A separate Schedule HCD-D1 and all .., ,.,icable Schedules HCD D2-D7 must b. Agency: Tu~tin (~ommunity Redevelopment AQency Redevelopment Project Area .Name, or "Outside": "Outside" Housing Project Name: Flanders Pointe Apadments Project Address: Street: 15520 Tustin Village Way Owner Name: Total Project Units:' # 82, Total PrOJe~:t E~edrooms: # 164 · npleted for each Housing Project. City_: ZIP: Tustin 92780 Restricted units: .. #'49'"' Restricted Bedrooms: # 9~ ' U'r~restricted Units: # 33 .... Unrestricted Bedrooms: # 66 For projects with no AgencY assistance, do not complete any more of HCD-D1 or any of HCD D2-D6. Only complete HCD-D7. I Was this a federally assisted multi-family rental ~r'(~jec~'[Gov'~ :Code Section 65863.10(a)(2)]? r"] YES [~] NO Number of units occupied by currently ineligible households (e.g. ineligible income/# of residents in unit) # Number of bedrooms occupied by currently ineligible persons (e.g. ineligible income/# of residents in unit) # Number of units restricted for special needs: (Number must not exceed "Total Project Units") # 8 Number of units restricted that are serving one or more Special Needs: # r-] Check, if data not available (Note: A unit may serve more than one of the "Special Needs" listed be/ow, therefore the sum of ali "Special Needs" can exceed the "Number of Units Restricted for Special Needs") DISABLED (Mental) icc DISABLED (Physical) # FARMWORKER (Migrant) # FARMWORKER (Permanent) FEMALE HEAD OF HOUSHOLD LARGE FAMILY (4 or more Bedrooms) CC8 TRANSITIONALELDERLY HOUSING EMERGENCY SHELTERS (allowable use only with "Other Housing,,:','...'.'.~. Units Provided - Without LMIHF" Sch-D~.'.: : ;;- use ~:estrlctEon uates [enter ap;3ropna[e Replacement Inclusionary Housing Units Other H .ousing Units Provided . ..~ "Housing Units Inside Project Area Outside Project Area With LMIHF Without LMIHF Inception ' 10 / 1 / 1999 10 / 1 / 1999. 10 / 1 / 1999 Termination. 7 / 15 / 2015 · . 7 / 15 / 2015 7 / 15 / 2015 Funding Sources: Redevelopment Funds: Federal Funds State Funds: Other Local Funds: Private Funds: Owner's Eqi~ity: '- TCAC/Federal Award: TCAC/State Award." - Total Devel(~pment/PUrchaSe Cost: $ 0 $ 0 $ 0 $ 0 $' 0 $ 951,976 $ 0 $ 6,000,000 -$ 6,951,976 Check aliaPPropriate form(s) listed below that will be used to identify this Project's units o._[r Project Bedrooms: .. '[~] Replacer~nt Housing Units - (Sch HCD-D2)-.:::-~'!;.~'; -.~ ':.. ;!-'_ .~._;. · ....: .- -,. Inclusionary units: _ i--] Inside Project Area (Sch'~CD-D3) ~] Outside Project Area (Sch HCD-D4) · _ . . Other Housing Units Provided: I'i With LMIHF (Sch .HCD-D5) r~ withoui LMIHF (Sch HCD-D6) ' I-'! Without any Agency Assistance (Sch HCD-D7) California Redevelopment Agencies- Fiscal Year 1999-2000 sc~ D~ (7/]/00) HCD-D1 SCHEDULE HCD-D2 REPLACEMENT HOUSING UNITS ~.~gency: T~Jstin Community Redevelopment Aqency '.;::?:/ii:'~edevelopment Project Area Name, o_!r "Outside": "Outside" Affordable Housing Project Name: FLANDERS POINTE APARTMENTS Check only one: I-] Inside Project Area ~ Outside Project Area. , /. '~;~ .::, . / ' Check only one,. if both apply, comPlete a separate form fo~ each (with another Sch D-l):: r-] Aaencv Developed ' r~ Non-ARency Developed Check only ;ne. 'if bO!h ap'ply"~:orn~let~ a separate forrr; for each (With another Sch' D-l): IXl Rental "~ ~ ..... ................ I"'l Owner-occupied~: ........ :' ............ Enter the numb'er of replacement units and bedrooms., for each ~pplicable activity below: A, New Construction Units: ::'-* '* ' ' ~''' ,:..,...i* :'. '~:'.., :,~ ~:F.~ ? '~'~'*: , ' · '. · Elderly Units: ..... -' ' ::' .... Non Elderly'units ..... _ .... T0~ai Elderly-& Non Elderly Units VI.OW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 2 Bedrooms INELG. VLOW LOW MOD TOTAL INELG. 1 Bedroom Bedrooms: VLOW LOW '- MOD TOTAL .: 3 Bedrooms 4 or more Bedrooms VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. · VLOW .TOTAL BEDROOMS LOW MOD TOTAL INELG.' ~ " · ~ -~ ~' '' .. B. ·Substantial Rehabilitation Units:- ~' '~:'' "-" '. ' ~,,_ ;' . .. , - '. Elderly Units .' · · Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL ;~;, _ .- '-., . .. --. , -, ..... '~.~:; '~*;" 1 Bedroom .,--.~: :. r~-::~; 2 Bedrooms ~' : '"' VLOW LOW :':' '!:T~tal EId~'rlY & ,on'EldeHy units MOD TOTAL, INELG. VLOW 'LOW "MOD - TOTAL 3 Bedrooms INELG. - 4 or more BedrOoms ' INI~LG.. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. TOTAL BEDROOMS :" VLOW LOW MOD TOTAI.~ California Redevelopment Agencies - FL~cal Year 1999-00 ' HCD-D2 Page 1 of 2 Agency Name: Tustin Community Re,. ,opment Agency Housing Projet, .,ne: FLANDERS POINTE APARTMENTS SCHEDULE HCD-D2 REPLACEMENT HOUSING UNITS (continued) C, Non-Substantial Rehabilitation Units: Elderly Units Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW Bedrooms: VLOW 'LOW Total Elderly & Non Elderly Units MOD TOTAL INELG. VLOW LOW MOD TOTAt, INELGo . !)'. :..:..~.....';.' .:-s;.~":~i '. , 1Bedroom 2Bedrooms . . . ~ ............ MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG., 3 Bedrooms 4 or more Bedrooms VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. TOTAL BEDROOMS VLOW LOW MOD TOTAL INELG. TOTAL UNITS (Add only TOT.aL of all "Total Elderly / Non Elderly Units"): · ' ':::_'.'5::" I If TOTAL UNITS is less than "Total Project Units" on HCD Sch D1, report the remaining units as instructed below. Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported: _ Inclusionary Units Other Housing Units Provided:.. ~: ~_]lnside Project Area (S.ch HCD-D3) ._ ~__]With LMIHF (Sch HCD-D5) ...- .... ' Outsid0 Projec{ Area (Sch HCD-D4) _.. Without LMIHF (Sch HCD-D6) :. - ' -' -- -" r-] Without any Agency Assistance (Sch HCD-D7) ; Identify the number of Replacement Units which also have been counted as Inclusioriary units: - Elderly Units · Non Elderly Units :...:..~. · Total Elderly & Non Elderly Units VLOW LOW MOD": TOTAL INELG. '- VI. OW LOW · MOD 'TOTAL" INELG;--.VLOW LOW ' MOD TOTAL .. INELG. _-- ............. -.,.- z~ :. ' .~:..",? .............. :_ ':'. ,~.:.~. · -.. E-. ~ . ..~- -:.--:_- .... -~- .. :r--~ ........: ..... :5 .:7 -'..:,5=x:"~5:"-~:"~"'-7~F~'-: ..=' '. . . ~.;:'., . -., . :- ..... . ..=:~ -~.:...-~- -' - .......... ' '" ." Ik,,~. :,.~-4~--~'~: ..... '.-'-- '.:~'.~---'---- · Calif°mia Redevelopment Agencies - Fiscal Year 1999-00 Sch D2 (7/1/00) HCD-D2 Page 2 of 2 SCHEDULE HCD-D4 INCLUSIONARY HOUSING UNITS (OUTSIDE PROJECT AREA) .:-:..-.:-:?gency: T¥~tin Community RedevelOpment Aqency ~"~:!i~?J'oject Area: 'Outside" . Affordable Housing Project Name: , FLANDERS POINTE APARTMENTS Check only one. If both apply, complete a separate form for each (with anOther Sch-D1): E] A_oency Developed r~ Non-Aqency Developed · Check only one. If both appiy~ cc~plete" ~ a separate form for,each (with. another Scl~-D1):: r~] Rental .~ -~ [-I Owner-Occupied. , . ~, ~'; i''~. ~.;,,' ;',~ .... ~'-~ ,;~t'~,, ~ ' ~-: Check onlyone,; If both apply;'i:;0inplet~e a separate form for..each (w!~h another Sch-D1): "I-I one-to-One Credit ' IXl Tw_o-to-One Credit':~" '"~' ~' Enter the number of Units for each applicable activity bel~)V~'~' ' · Bo Do New Construction Units: ' ~ '.'.: ".,..' Elderly Units · ' '· '~'' ' ": Non Elderly Units - TOTAL ElderlY & Non Elderly Units VLOW LOW, MOD TOTAL INELG. VLOW LOW -MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. Of Total, identify the number aggregated from other project . ' areas (see HCD-A(s), Item 8): I! Substantial Rehabilitation Units {Jan 1, 1994 - Dec 31, 2000): Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. project areas (see HCD-A(s), Item 8): II Of Total, identify the number aggregated from other . Substantial or Other Rehabilitation Units (Jan 1, 1976 - Dec 31. 1993): ~ -~ Elderly Units -- - Non Elderly Units TOTAL Elderly & Non Elderly Units · . VLOW LOW, MOD TOTAL' INELG.. VLOW LOW MOD TOTAL INELG. VLOW LOW- MOD- TOTAL INELG. .... ..-:,,,-, .,.~ .... . ' (0ni~ Acquisition of Covenants Multi-Family and Other Restrictions): ---~.--. -- -..- -- · i-~._~ _ _ 'Eldedy units ..... :: .... ' Non Eldedy units _ TOTAL Elderly.& Non Elderly Units , . VLOW LOW MOD. TOTAL- INELG. VI.OW LOW MOD T.O_TAL INELG.- __ .._Vt. OW' LOW ._MOD TOTAL INELG. _. TOTAL :~$ (~ad ;'~1y ly/ ' · TOTAL'Of ail.TOTAL Elder Non Elderly Units")f--..,---~--~,~- - .. 4~ i · ' IIfTOTA~ UNITS E'!~b th~n ?To't~ P~'oje~ Uni~"'on HCD Schexbde DI, report the remaining units as instructed below. I Check ali'a~ropriat~ f,o ~rn~is)iliste~b~low that will be used to identify rem~in'in~ P~oje~.~'~J~i~ ~ Replacement U~u~ing ~nits~ ~ inclUsiona~ Uni~ (Ins~e Project ~ea) O~er Housing Units Pm ided: ....... (Sch HCDLD2~..~.',.'~%~. -~.':~;~. ~SChHCD-D3)~. "' ~'?-" ~L_~j- vv,u,uu,. ,-,v,,, ,- v-,,-,,, ,,--.-- ~ '---'--' ~-'-~" ~-~': ............ ~ D ~b~ h sistance .-'.- ... :'::-'./';.~:::::.::": :~';.... :-' ~.....-~ :.: .- '- (S~ HCD-D7) . · ..( ... . .~.. .:.; ' . ~ · ;-:: :..-: iden~ ~e" number of Inclusiona~ Uni~ which ~so have b~ counted as Replacement Units: ~' ":;' -,;~':;'~';:; ~dedy Uni~ ..';-". :" :'. '.':~:: .::-. - '.- .-- ~on Eld~ Un~ - . TOT~ ~dedy & Non ~dedy Uni~ ' ~' ~OW LOW MOD :.TQT~...IN~Gt :. ~OW LOW MOD TOT~ INELG. VLOW LOW .. MOD TOTA~ INELG. . ., ::: :.-.--:...- ,_ . '" z ' ' : , '' ' · ',:. '.-" "~'" ' ...... " ' ' HOD-D4 ~l~ia R~e~lop~nt Agen~s - Rs~l Y~r 199~20~ SCHEDULE HCD-D6 OTHER HOUSING UNITS PROVIDED (WITHOUT LMIHF) Agency: Tustin Community Redevelopment Aqency Redevelopment Project Area Name, o.._[r "Outside": "Outside" Affordable Housing Project Name: FLANDERS POINTE APARTMENTS Check only one: r-J Inside Project Area ' J~] Outside Project Area ,' Check only one. if both apply, complete a separate form for each (with another Sch-D1): D Agency_ Developed '~ ~ N0n-A,qency Developed Check only one. If both apply, c.omplete a separate form for ~ach (~ith another $ch-D1): r-2'l R "' '::l-l'd vh'd:occu '""' ental ..... pied ': -- ' .... :'" ':;' Enter the number of units for each applicable activity below: ., ' ~ ~° ~' 'I. A. New Construction Units: ~.. : ~,, Elder!y Units :. .'.. ,~ ....... Non Elderly Units - VLOW LOW TOTAL Elderly & Non Elderly Units MOD TOTAL INELG. VLOW- LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. B. Substantial Rehabilitation Units: Elderly Units VLOW LOW MOD TOTAL INELG. Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. Co Do Eo F. Other Non-Substantial Rehabilitation Units: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. Acquisiti'6~'O'~l'y: - - _ '.-.' ........ ,: ,- ' ' ;~: ...... Elderly Units ........ : ......... Non ElderlY' Units VLOW LOW MOD TOTAL INELG. VI. OW LOW MOD TOTAL -INELG. Mobilehome Owner I Resident: · -'£'l~lerly Units -- Non Elderly Hnits VLOW,,LOW~,MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. TOTAL Elderly & Non ElderlY Units INELG. VLOW LOW- 'MOD TOTAL TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. ~o~ileh~ Par~ ~ner~ Resident:', ~ :~T,;:~-~ :'L':": ..... :. ....... .-':." F." :;:.*: .'_:.;..- .:,::".. ,, .- ... ...... :,,;'~:.,. :-:'- :' "'-* ' ' Eld;flb'U~i~:' - ; ~'~"~-~'?"'~-:Non Elderly ~'~ '~-"Un,~"~"' r~ -~;. ' ; ........ . TOT~"'" --:"Eidefly~ ~< &'No~ Elderly Un~"_ :: -- - ..... VLOW LO~ MOD,.TOT~,, INELG.-. ~OW LOW MOD TOT~ IN~G. VLOW LOW MOD TOTAL IN~G..- --:. . ......... ' ~;- ' - ...... ' .... .'5~:'-t: '~, '- ;:,-,:,,.',. . '" - -.. Cali£omia Redevelopment Agencies - Fisml Year 1999-2000 Sch D6 (7/]/00) ~ ,'-, ........ ,'. ..... ' _ . . . . ~- .,~ ...... ' HCD-D6 ...:._ -'~ Page 1 of 2-." ·. Agency Name: Tustin Community Redevelopment A~encv Housing Projec! Name: FLANDI~RS POINTE APT$ ';.HEDULE HCD-D6 I'HER HOUSING UNITS PROVIDED (WITHOUT LMIHF) (continued) preservation {H&S 33334.2(e){11) Threat of Public Assisted/Subsidized Rentals Converted to Market): Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG,-' VLDW LOW MOD TOTAE INELG.: VLOW LOW Preservation I Replacement (H&S 33334.3(h): Elderly Units Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW ~ MOD'TOTAL Renta! Replacement (H&S Elderly Units ~on Eldedy Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. INELG. MOD TOTAL INELG. I I TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. I I Jo Subsidy {other than any activity already reported on this form): Elderly Units Non Elderly Units YLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. K. Other Assistance: Elderly Units Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL IN~LG. TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG, . · TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly / Non Elderly units"): If TOTAL UNITS is lezs than aTotal Project Uni~ skown on HCD Schedule D1, report the remainder as instructed below. Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported: }-~ Replacement Housing Units inclusionary Units: Other Housing Units Provided: (Sch HCD-D2) [-I Inside Project Area (Sch HCD-D3) .-'" ~ With LMIHF (Sch HCD-D5) ~ Outside Project Area (Sch HCD-D4). I'"l Without any Agency Assistance .. . . ' "::-.: ' (Sch HCD-D7) '. . · · . · California Redevelopment Agencies- F'~cal Year 199~2000 Sch 136 (711100) HCD-D6 Page 2 of 2 ANNUAL REPORT OF HOUSING ACTIVITY'. For Fiscal Year 1999 -~.2000 ...... , : - . ..;¥.?-, . ."~ SCHEDULE. HCD-E1 · . . _ · ~,...'.: ..,~. · ...?~t 'L ,,t',.: " .2. - _ ..... SCHEDULE HCD-E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATIONS FOR ACTIVITIES DURING THE REPORTING YEAR Complete a Schedule HCD-E1 for each project Agency: Tustin Community Redevelopment Ac~enc¥ .. ; .. Redevelopment Project Area Name, o__[r ."Outside": SOUTH CENTRAL.. Housing Project N~me: NONE ....... . INOTE: ': The information'on'this'form'shouid, bi~'a summai%' of the' totaWof all new constrhction or su~)"s'~aii, ii~j l[~h~b'iliiafi(~ii "~'~'i't~ ~r~)fii' f6r]~'~*HcI)-,D2"through' H. CD,D7 which: are (a) developed anywhere by the. agency.and (b). developed, ~n a proJect area by a person or entity other than th . ; . · . :. , .* j,- : ,..,. o ; ,, . . . o~ ~ - ,. .. o ..,' . . . , agency. IH&SC Section 33413(b)(1)] AGENCY DEVELOPED INSIDE OR OUTSIDE OF A PROJECT AREA 1. New Units Developed by the 'Agency. 0 2. Substantially Rehabilitated Units Developed by the Agency 0 3. Subtotal - Baseline of Units Developed by the Agency (add lines 1 & 2) 0 4. Subtotal oflnclusionary Obligation Acc~ed this Year for Units Developed by the Agency 0 (Line 3 x 30%) 5. Subtotal of Inclusionary Obligation' Accrued This Year for Very-Low InCome Units. Developed 0 by the Agency (Line 4 x 50%) ..- ....................................... PART' II -':ii. 7..' ......... 0 ~ -' . [FI&sC:Section 33413Co)(2)]-.. . : ~.:..: : ~ NONAGENCY DEVELOPED: " ' · wITmN X PROJECT ARE,~'''. 6: New Units Developed by Any Person or Entity Other..Than the Agency' .. '- , 0" 7. Substantially Rehabilitated.Units. . D. eveloped.byAny Personor Entity.. Other Than the Agency '. .0 8: Subtotal', Baseline' of Units Developed by Any Person or Entity. Other Than the Agency "(add lines 6 & 7) ' -- r ' ' ...... ' ' 9.' Subtotal'0fln-clfisibff_ary: Obli~-~6h':A~cm'~d'thi/~ Year-f6~.Ufiit:s D~'el615~d bY-AnY Person 0rT-: i'i'0 -' · . : , .. : . :. .- :'~., .~_..~ .',~.,~ -j~.-' · ~ _/':.: .:i¢~ ~, :,-:., ~/'.~,',,-~_-"'"; ,£-,~--..,:~ '-- ' .... ~ ---';- - ":; ' : .... Entit7 Other Than'the Agency (Line 8 x 15%). '- -: ";'. :,.; -.: .~.-' :. '.: '.: ...... - .,. -.' - 1 0: Subt6tal 0flnCl~ibiiffr~ Obli]~a. ti, o:n:'k~,~'fii~:d Ttfi~ year ;f~, Verg-L'6W Ificom6 units b~'AziY-7'~;':' . -..: '::- ·:,:.;'::7 ?ART ":' i '- "'. ~' '-.:.~:;:'.. TOTALS ?~":::,,:;: -~ ~:.Tota! ~re~qe' in-ln~!Usi.6ff.ai~j.g.tS.lig~,.W.o, ii~.,D.~g .ThigF.i§~al.Y~' (add lines *lind 9) '- .. ;"..:. j' 0 'J 12: T~'tal In~'e'in~q'e~_':L0~¢~iU~.t:S}~.l~..'9.'nai~:.gbli~.ti6n,D~g ms:'Fi..Sc~ ~ear.. ·'.:~- 7. . '0 '" ' ~ (add ~ine~'5: a~l' i 0) ' NOT~;:-'~ J;P~: 12'is' ~ gUBSET OF LINE:ll :.:~:;:-.: '--.: '-.. .... HCD-E1 SCHEDULE HCD-E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATIONS- FOR ACTIVITIES DURING'THE REPORTING YEAR Complete a Sched~de HCD-E1 for each project" · , ,. Agency: Tustin Community Redevelopment Agency : .... Redevelopment Project Area Name, o._.[r "outside": TowN CENTER: .... · Housing Project Name: NONE .................... ": INOTE~ ~' The inf6rihafioii',o-ii:thig fdrm'~ii~?Id be a gUifi'm'ary Of the totals of all new construction or · t, · substantial rehab]htation umts' from: forms HCDTD2 'through HCD-D7 which are (a) developed anywhere bY'th~ agency an'd".(b)' developed l~':'~i~'p~'oject ~ir'efi b~: a'pers~n or entity other than the agency..i PART I :' [II&SC Section 33413(b)(1)] AGENCY DEVELOPED INSIDE OR OUTSIDE OF A PROJECT AREA 1. New Units Developed by the Agency 0 2. Substantially Rehabilitated Units Developed by the Agency 0 3. Subtotal - Baseline of Units Developed by the Agency (add lines 1 & 2) 0 4. Subtotal oflnclusionary Obligation AccrUed this Year for Units Developed by the Agency 0 (Line 3 x 30%) - ,, 5. Subtotal ofinclUsionary Obligation'AccrUed This Year for Very-Low Income Units Developed 0 by the Agency (Line 4 x 50%) .......................... PART II'''-:''-''?. ~ ·: 0 ~ · ~ ,.... : ~-- .:- ... : .... -.- --... ~';. ~ ~ ' [H&SC Section 334130a)(2)];.: .~(. ..... .. NONAGENCY DE: :VELOPEDi.:'~.i':. ~:.': ...' ...... i ....................... WITHIN A PROJECT AREA ;~:'~" - 6. New. Units Developed by Any Person'or Entity Other Than the Agency '-. ' ~ ,-~ .... ~ ;' 0 7.. Substantially RehabilitatedlUnits Developed by Any P6~:son'or Entity. Other Than the Agency ._. "- 0 8. Subtotal- Baselirie~ofUnits De'CeloP'ed b3i'Any PersOn or Entity Other Than the'Agency 0 -~ - (add lines 6 & 7) ......... ':' ' ~ - ~'---:: .......... ' , ............ '-~ ................... ~-'- :~'' '~ '-" · ...... 9:7 Subtotal'0fInClfi~i6iiar~obiig~fi0n A6~d'ilii~ Y~ for, OilitS D~'?loped by'Ahy PerSon or 0 .... -Entity Other, Than the Agency (Line 8 x.. 15%) '"; ' ' ':'~'"~)---(;-L?~.-.:.;,~.:;.:)--.' YL_ ,_.-):- ...... '.' .... . 10.: Subtotal OfIn'elu~i°~ O-61i'ifii~d6-X~fiie~d Thi~ Y~ fgi V~-L'0~/, income Units by Any' "' ' 0 :' . --- Pebson or Entity Other Than the AgencY' (Lifi~'9' x 40%).~:'~'~-.:-~:-:-':-'-.:z__-: _ · --. -' .. ' i ' · -' '. :~,TOT ' , ...................... .,. .... : ........ , ..... .·.,.:,.. ..... .,., · ..:,~..; .:~. · ~. 1 l:..Total Increase'iff Inc]~]onary_Obligattons Dunng, This Flscal_Y (add lines 4 and 9)': L. 0'- ' - ~r · o -'...: ~ ~ ~: '~'~ , 1'~'* ;;-*e' '~" ,l '' ~! .-f ,T%'277~r'' · .~ .~ ,-..rT. '"' . ~ ~. . · . . __ 12.-Total Increase m-Ver'c:.Low Income.U._"_nits ,.Inclus]on_ary, O~.ligattp~ Dunng .~ ,Th~fs~ Fiscal Year .0 ........ (add lines 5 and 10)-NOTE:?LINE,12 IS~ SUBSET-OI*-LINEll'-"~-~'-:-':--,~,: x:. :.z-::_.-_-. CalifOmi~ Redevelopment Agencies - Fiscal year 1999-2000 Sch E1 (711100) HcD-E1 SCHEDULE HCD-E1 CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATIONS FOR ACTIVITIES DURING THE REPORTING YEAR Complete a Schedule HCD-E1 for each project Agency: T~$tin Community Redevelopment Aqency ' ' Redevelopment Project Area Name, o_.[r "Outside": "Outside" HouSing Project Name: NONE - ~: .... ' ,.. , '~'- ; INOTE: The information on this form should be a summary of the totals of all new construction or substantial rehabilitatiOn units from forms HCD-D2 through HCD-D7 which are (a) developed anywhere by the agency and Co) developed in a project area by a person or entity other than the agency. f. ...... PART I IH&SC Section 33413Co)(1)] AGENCY DEVELOPED INSIDE OR OUTSIDE OF A PROJECT AREA .. 1. New Units Developed by the Agency 0 2. Substantially Rehabilitated Units Developed by the Agency 0 3. Subtotal - Baseline of Units Developed by the Agency (add lines 1 & 2) 0 4. Subtotal ofinclusionary Obligation Accrued this Year for Units Developed by the Agency 0 (Line 3 x 30%) 5. Subtotal oflnclusionary Obligation Accrued This Year for Very-Low Income Units Developed 0 by the Agency (Line 4 x 50%) PART H ,-- 0 ,-- [ti&SC' Section 33413(!))(2)1 ~" NONAGENCY DEVELOPED WITHIN A PROJECT AREA 6. New,Units Developed by Any Person or Entity Other Than the Agency 0 7. SubstantiallY Rehabilitated Units Developed by Any Person or Entity Other Than the Agency 0 8. Subtotal - Baseline of Units. Developed by Any Person or Entity Other Than the Agency 0 (add lines 6 & 7)'" . -. -. · ~.- _. 9. Subtotal oflnclusionary Obligatiofi Accrued this Year for Units Developed by Any Person or 0 Enfit~ Other Th__an the Agency ~Jin¢ 8 X 15%) ' ' ~' ~-:i-' "' 10. Subtotal of Inclusionary Obligation Accrued This Year. for Very-Low Income Units by Any 0 Person or Entity Other Than the AgenCY (Line 9 x 40%)' :.: ' ~ PART III '. - . 0 · , , _ , .-. TOTAIS '.-:- : - 11. Total lnere~e in lnclusionary. Obligations During This Fiscal Year (add lines 4 and 9) 0 12. Total Increase in Ve -rY'Low Income H.nits lnClusionary Obligation During This Fiscal Year' 0 : ": (add lines 5'and 10) NOTE:' LINE 12 ISA SUBSETOF Ll/hrE 11 ' California Redeveioprfient Agencies - Fiscal Year 1999-2000 Sch E1 (?Ii/00) HCD-E1 ATTACHMENT I June 30, 2000 Independent Financial Audit and ComPliance Audit · - .... , . , . .,'.,, ~.: . ..{, TUSI'L...OtvkMb~'NITY REDEVELOP~N . ,o o o ~. ooo TABLE OF CONTENTS June 30, 2000 IndePendent Auditors' Report Purp General ose Financial Statements: Combined Balance Sheet- All Fund T~,pes and Acdount Groups . · Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types Notes to Financial Statements Supplemental Information: Combining Balance Sheet - All Debt Service Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - All Debt Service Funds Combining Balance Sheet- All Capital Projects Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - All Capital Projects FUnds Independent Auditors' Report on Compliance and on Internal Control Over Fmcial Reporting Based on an Audit of Financial Statements Performed irt Accordan~ With G°vemment Auditirm Standards . ,GENCY Page Number 2-3 5-14 15-16 17-18 19-20 21 - 22 23 - 24 TUSTIN COMMUNITY REDEVELOP1V~NT AGENCY ...~ GENERAL PURPOSE FINANCIAL STATEMENTS - WITH REPORT ON AUDIT BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JU'NE 30, 2000 DIEHL, EVANS 4:. COMPANY, LLP CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS · A I~AINN[ilJHIP INCLUDING ACCOUI'CTANC~ 2121 ALTON PARKWAY, SUITE I00 IRV1NE, CALIFORNIA 926064906 (949) 399-0600 ° FAX (949) 399-0610 www. di~,hlcvans.com . October 5, 2000 · . · .... · :':' ~':': --~":. ~-~--"-:'-=='"~' INDEPENDENT AUDITORS' REPORT -" :ZI '"'* '2' ..... &:?,' .. :.,,, ., The Board'of Direct°rs - Tustin Community Redevelopment Agency Tusti,~ California. MICHA[L E. LUDIN. CPA C~.AIG W. $P~K~, CIA ~ ~ PA~ CPA · ~ ~ HOL~MP. CPA · ~ M. PER~WS~, ~A · ~J. ~HROED~ ~A · A ~AL CO~ We have audited the a~companying general Purpose financial statements of the Tnstin Community Kedevelopment Agency (the Agency), a component Uuit of the City of Tusti% California, as of and for the year ended June 30, 2000, as listed in the table of contents. These general pm-pose financial statements are the responsibility of the Agency's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. .- -. .-T We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United State~: "Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial" statements are free of material misstatement. An audit includes examining, on a test basis, evidence SUpporting the' amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles Used and siLmificant estimates made by management, as well as evaluating the overall gene.ra! purpose financial statement pres.6nta.ti.om. We_.b_elieve that our audit provides a reasonable basis for our opinion. In our 0pinioni ~e'~n'~;al purpose fina~ci~l statements referred to above present fairly,'-in all material respects, the financial position of the Tustin Community Kedevelopment Agency as of June 30, 2000, and the results of its operations for the year then ended in COnformity. '.with :genera..Y_accepted accounting. principles. _~- .-: ... - . . ~ --. .::---~-:.::::'~::':-:":" . .:-... _ :'- . _. :. < ':';:,.:-'::.:.i.:' .'.: ,:-.:; .. ':--. .y-:':.;: .... In aCcordance with 'OOV~~t iuai~:St~~ we ~ap~ also iSSUea oU~ report c~ea Odto~er s, 200o 'on'Our consideration of the Tustin C0/nmuni~. Rede~,'~10Pment Agency's_ internal control 0v6~: financial reP&ting and our ;rests of its compliance ~vith:cer~in Pr0visions of laws, regulationS~:Contmcts and grants. . . : . - ..~.~_.- ...... -:...,..,;-~-.~ - ....... :- :.....,.. .... .:,.:"--'-:;":-~::'-: .::- .i.'?:?'" ': .:.':"-:: ':.: -:.' ..... ~: ,~'...:-' -.-:~- r'- . , , ~ . . The aCcompanYir~g=8°mb~ning finmcial;sta~emen~ listed as supplemental in the t~bie of cbntents are presented for purposes'of additi°nal analy~i~' and are iiot a'required p~ of the general pUrp3se financial st~ier3ents. The infommion has been ~UbjeCt~d'to th~i~auditing procedui~s ppn a me general~*':purp0se ...... ~cia!._~-~-: .... statements..'~:~'::'''~'' -""~ ~ ' '~,~.~u~.?.0p_m~.,o.,.,n,'''''' ' ' ~'~'fa~..ly.' ~ed''-' in ali mat~.rhl,, respects,'"~ .... "" "r~im atlo.'n' to me g~n~r~ :p~o~a ~-ei~t'~~n~,.n' as a-~.o.iF ::::~:~/~.-, ~:~'? :: ~'::~: .,..,; , .. '~"' ' I - .'!.- , ' ~. ' -v:.,:s--~t,.~'~ i'":' ,,~", - 'T;e'~,-.--~:?.-'-,.' ~. ~'~-' ;--:' ='~'*<"'~r/-'..-~"~ . -,, ,: -''-e '"'.--,c-.' - : ..-, .' .~-' -'.: - · . ._~.: .... : ..L .... "=::_- -.:-=_ k~.~--~-~ - '- :"':'=,.' ': ...... - "": :. :-.'-j :.'.:' . .... ". .' · . , - - . -.- --- -=:..' --'-. ':' -..- ' -- , ~ .... .. · - % ,~7- . .. .... r' :~.-;.< :-- · -.: ': ,.. - _ .... " - .' ~ , ~'. - · ' - ' -- - ..Z. ~ ~ r,;~,-- -.~ "~ 7.~'-'. '- · z' --_'~9': "° '' - - ....... ~ ::.:.~.~.~__a': ............. ..,.. . - . . . · ....,.'. o .~... ,:.-,~.--. - . . _ : . - ., : ' " ..... :;: '"" .... ' ..- 61.3 W. VALLEY PARK'WAY, SUrl"E :330 OTHER OFFICES AT: 296J ROOSEVELT STII.E:ET - .- - ~ : . .. -- CAR~, CALIFORNIA J2008-2~89 - ' '" t~CONDIDO, C.~RNIA g2 ~02D-259B - {760} 72.9.2343 * FAX C/60] 729-2,2.}4 - .... U/60) 741-3141 - FAX (7~0) 741-g890 ............ T__ .... N COMMUNITY REDEVELOPML-NT COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS · f t June 30, 2000 With comparative totals for June 30, 1999 · , ASSETS AND OTHER DEBITS C~h and investments (Note 2). InveStments with fiscal agent ~Note 2) Taxes receivable · Interest receivable ' Accounts receivable Deposits Due from City ofTusfin . Loans receivable (Note 3) Land held for resale · General fixed assets (Note'4) Amount available in debt service funds Amount to be provided for the retirement of general long - term debt TOTAL ASSETS AND OTHER DEBITS $ Governmental Fund Types .o Debt Capital Service Projects 6,305,544 $ 1,685,304 55,525 ., 320,562 ' 16,317,732 23,373 248,014 .,. 30i 30,000 · 188,951 '2,905,000 8,366,935 $ 19,713,371 LIABILITIES, FU~ EQUITY AND OTHER. CREDITS LiABILiTiES: .. Accounts payable and accrued liabilities - $ ._ Due tqlCi~ of Tustin .... ' .............. B~ds'payabl (N 5) ' '"' :' :'' ;*'--::"':': ..... e otc ;'~-. ....... -, - - o . ~.. '_-~.'..'~,'~.~ ' .'.~ "-..-'.'- .:,,.':~a -'- '-~ 5Z ~ '-... / ~'- '-'" ' ;' '- -~ · . ~'-,'.', ' TOTAL LIABILITIES ' .. -:..~L:, .... ' ..... . "" ' .FUND EQuITY'ANDOTHER CREDITS: ;:::;( Investment in general fixed assets.- -' "L-: 1,362 '$ 327,614 219,900 2,808,160 · 221,262 ~ -. ~ , . ' ' .'~-~'2 "'-.' ....... - '. ~ .'~.- .-"' .'- 3,I35,774 Fund Balances: · '.. - ,, . Reserved: -- . .... , . . . - ...... : .°1~'- "~ . ~ . ."---.,...,~. '..~_o.... ~ .' ... .... - - · · . ..' -... --; '-~.~'.' '~' : - ..- - _ ,L . .- - · ."~-'.~Z'~:..'~- ' ~-:'~c ---'- :'.-'~.--','- .......:-.~. ..... : ,.- .: ? ..... , .,' . .., -. ~%..i..~,~,,,~.~~- ~.~-?:~.~;~ ~--'4~:-~.~"-~..~-..-" ~-' .~.:: '-. . .,, ,5 - Deposits .;.-~! :~ . ~ ..-, ...... <.~,:.~, .... ~ .......... ,:;~--: ...... . a;: ,,~ .......... ,-..-~- ........ r.- - -- - 30,000 ..: -~ .. :~ ;- -- .. : ~? -- . -~. ~ ~.. : - -- ,. :- _. · _ ,7-.'*.~..~-~."~-'.~..''' :,-, ,~y-~.-~.-..---~.-. ~.-c~..~ ..--3--~..... .... ~. · . . . .~::-~,~:,.;'~ Long- term loans receivable ~-: ?·.-7:~;-"~:-i.:;: ~. :~-:'.~i~.0:.-':-~ t'12.~'~~.ili'y~.i~ 3.?,~i~ .-=' ..-.: 77-~-~';.; .f.':-:' lgg,951 ~.:'=:::- Low income housing :~,.:-?.'--,~,.- -,; =: :.:.-.: :..-,.- -. ,.~ ,~..~.-: ~'.-?i; 'f~',-:-:-';~5'~';:.; ~.~"'~0 a -;'.-'~,'5., . 5,140,345 .~_,-._.':.,Debtservicc,,'~ ' _..s' '..'_z..__-. .-.:-' .~ -..~L'~.-*,7;i ~ ...... --' .... - -" ~...;,,~. .....-[:-~. :/.:.~-,-:,. 8,199,353- - .- - -. -..:..;.. .... ' ,~-- '~ ~ . .' . .,,, . ~ -.. '~..- ~. ' ... . . ..~.. ,~.:..... ... .~'.' '' ': :..- _ . _~. · .....c -' · -~- 'a, ~ ~Des~gnated for. capital proJeCts ,~_ ...... ",~:-.:; ......;, "~, ~,-~;,, :----,-~ '~---~-; :,~,; --~,;,::'~-- -r.- .... .. '. 8,515',479 "' ~i.~J,s'~i ~ .... '*;:,~ll' ,'ii. ' :'!%t'./".~ ~' .. s.~.J~.;.L-'~ "~.~' .,'~..t..;~.2....&. ,.a~_ '~....' .~.'~e~--';:.---'~...-~i..;.;~-'~i.~ .~.,.L~ a.~.~.a.~ .· .'a,...- '. '--.-,- : .- ~,'.--.,: .... ..,. Undes~ ated ,-,-- .... . ......... , ,-. ,,;-., · .... · ....... · ......-,-~ .,. -~-i .... ~_~_~. 53,680 .., ....... 202,17 ) ; -. . , .~., · · ' . · .. ' . .-.~ r.,,~t,..~.-...-~ .....ta.aea~c?.~'~,,~,~,,','..~-%-.~'~..~-~n~-,'~-* ..... ,s,~1 .... 3 ...... _' ~'..~.:<.:..~ :' ~!., TOTAL FUND.: ,-,-- EQUITY AND OTHER CREDITS .:'~.--. ~:. :.,~ '- ,...:':-~' :.::~:.':-:~;~- 8,145,673 . · 16,577,597 ...,- . ~. . .: .- .,. . .. . .;, :- , ..... - ..: --, . . · ..~ ,~ :~. ,,b~'~ . .... .'~.:" .:. ~.; "._ '.,.~ .... - . - , . · " -! ."*, ' '- ' ':'~'"'.~'"~-' ~''~*' ~'"- '-: ~ · -' " - l' ' .' .--' -~ .,. -.*'--'' '7' . . $- '- · ;" . ,~ ... ,,-,' ~,,~. -,~ -~.,....,~:..,.~.r,,.,~ ;... ~. ~ -, .~ .. .. · ..... :_,.,.. ...... . ...- ........... : -, .., ........ --~;:~,..~ ....., . . .-.;;.-.,,..~-~-., ,~ ~,~.?~ .~,...: _-:..c--?. .... :,-,,e.,, · _.-~ ·,. ,~.'- ~'--.-- ... .... ', ":i:;ii. --..-~:.";'~; ::i:-:~:-?:~- ~-'-""-' ', - ." ."-."%L~:-?)...TOT~IABIL1TIES, FUND EQUITY.ANDOTHER CKEDITS .:, '~;.~.:J~-i~' {'/ $ .,. 8,366,9~5 .: $ 19,713,371 · ..."-- .... !i~:...-'-.~ .... See independent'auditots' r~pon and holes to financial statem~ts. ' ."_ . :..: ".'-': :: · .: . --'~,:'/. ',::%:;~;~'c;.,'~ ,:"b- '-/ -' ' ' ',"~"-' --~,' ~,,'L~ri' -' ' ' ' -. ' .'~-i ' Account Groups General General :~S~ts · .... ';- "~ Debt_Y~-.. -"~: ~5'~0 - ' ~"""-' - 78,898 Totals' (Memorandum Only) $-22,372,889 ;~-I f' ~;-. .... ~' ' 1,677,364 144,978 11,636,847 . 8,145,673 11,124,327 .... i..' '..,: ~_. 248,01 .......... 202,182 :':":'::~ :' 301 _.' ........... 169 30,000 13,560 2,200,000 11,643,038 6,406,686 I3,623,314 30,000 320,562 188,951 2,905,000 11,636,847 8,145,673 11,124,327 .. '. $ 11,636,847 $ 19,270,000 $ 58,987,153 $ 58,314,180 $ - $ ..... - $ 328,976 - 3,028,060 _- ~.. ''- '-!'-'---:-:~ ...... ~<-' :-:'-'"~;~' ': - '?i'~_:"d:"_.'Q19,270,000 .__:. i~'2~f 19,270,000. $ 872,598 1,902,000 ~'."::'~:':2o,o3o,ooo - 19,270,000 22, 627,036 22, 804,598 · . -' ~'-~,'11,636,847 -: - -' 11,636,847 - - 11,643,038 _:',:/:.:~...'-: ~; ...... . - ... . - . ..: ..... .. - ,-- _ ':=.._ .~'.. ? _- -, . . . . . _ .' . ,. _. : . .... ~- - x '- -. - '-'- . , - '- -- -.. · - - ' '-' :' ',' -',. : ' ' ' :i~. i~::i-!~._; i.-,.--.-~;-~."~ :-'~.---,:4- _.'.: 3, ~.'~i~253 joo ~ ""' '.:..:..,ii-!! -' 7 ~ --'- '"- ..... -: ...... ~":": ....... :'"'-'"~ iis;~-h :'-7'7.-.-:'-~E":::"'"iJ-s~01 · _:-~....;~:i-:;...~.;!..~ ./ i..~.-:--. 5.~ ,:..-..~. ---.. :?! 5,140,345 ".?-~' .,'~ic'-.~" 5,074,664 - · ""~, '.'.'7--,:? .' '? .':'- '-." '.' '~-"::-...,.';51::':: ....... ' .:'.5:'i~.~'---': .'.;?" ' .' . .... , =, os,ooo:: ,,,...:.,.::. 2 oo,ooo.'i ,i:.. .,..,..'-.:'...:?-:.:.:.:'- .. :.'..' . . :_:- . - ..' -. ~:;..:/,..:" - ' ..... .:?:': f-...--,.:-::'.-'"'~- :-.5:'--.~ -': .- :'~:/' 8,199,353 .-':!d";i!5'~ 6,406,686= .... ;.'¥:'.;:/';"5:?~.~T: ..:"..'-- '. , :'.. ~ '.--'---,-:~v'~ -. .... '-.-~. · '..' ' -~;i~.'(,~ ;:' . ..... ?a,,'~..~t.,:;.~.e,;.'- · ':,:.. ~:.~,-.D,.-?,~.~?,.' ~ ': . ?.'"-75, .?' , .... -;f'~i~i'i f~ . . 55 8,515,479'::...:-~'7 ~:'. 10,216,995 :'~" ' '. - -?-.i: '. ; . · .. : .... ,-:"*' '" V o. :..., ,?. ..... ~ ,'"5-.~..' -%. .......... .... ' ~T,' '.,'7 .... · ....... ~ ........ ,~.,-.....~.,~',--'.'---:,-.. ..~.:-.-.~'~"~';cn-~'< '~,-- -,-S-'~.3', ,.-~.,-'~'-'.--_ :.-. - '- .. t~-.. . .. ~ ', ~',... 5.--~ ~ ~_":-'-.:._ ''-~.,.~ '~- :.-o.~.~- *' .'-- ~- '-~--.....&~....:~,.?ta,~,~,~-..'~-o~-~ ~ $ 11,636,847 $ 19~70,000 $ "58,987,153 :~'.-.~ $ ;~ 58~14,18 '3-.--:"" '"' -_ ~ -i:'.... T~. .N COMMUNITY REDEVELOPMENT A, dY COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES REVENUES: Taxes Use of money and property Other revenues TOTAL REVENUES For the year ended June 30, 2000 With comparative totals for the year ended June 30, 1999 Debt C~ital. Service Projects .. " ....................... ":'....~- ~". ;': .... " ':,: ~7:': ....... $ , ~ 3,585,025 $ ..... 896,772 ~ .; ~5,~7 .... 412,020 - .,, . . 631,146 4,031,022 1,939,938 Totals (Memorandum Only) 2000 ~ 1999 4,481,797 $ 4,177,550 858,017 1,312,373 631,146 47,738 5,970,960 5,537,661 EXPENDITURES: Current: General government Charges for City of Tustin Capital outlay Debt service: Principal retirement Interest and fiscal charges Costs of issuance Advance refunding escrow TOTAL EXPENDITURES 24,122 458,014 . 760,000 1,049,899 2,292,035 .,... 1,738,987 EXCESS OF REVENUES OVER 0JNDER) EXPENDmmES . OTHER FINANCING SOURCES (USES): ._. .. Long - term debt proceeds. Paid to refunding escrow .agent ' Operating transfers in Operating transfers out - . .. TOTAL OTHF. R FINANCING". · _ SOURCES (USES) - ' ..:,-~ ~.:~ 1,567,628 1,591,750 1,350,765 90,000 548,014 596,040 1,164,571 1,164,571 1,880,490 2,822,199 760,000 1,049,899 . 5,114,234 775,000 855,981 522,424 805,500 6,786,200 ..... (882,261) 856,726 (1,248,539) ........... 20,744,596' (18,545,159) · ':: ..: 5,482 .. (5,482) .. '2,199,437 · , :' :':-,~.-~- :.: .. '~<~..i:: -~,~?. :~..~ , · ' ...., - . ,';~;-" ~ ?~. . :. . .... ~ · , :.. .... '._,.:, ...' . ~O~F~C~G=osE-:":':'~.~'i;7~38,g87 '" 7. ~"(8m61) . 856,726 ' . 950,898 ' "~;~,- - '~.,:~-.. . . .. ·: "":" :,... '.- :-.::;:.. tZ BEG~G OF ~AR . .:- .:,: .:-:':::?. :~ 6,406,686 - ' . '";'"'~:~'"'" ~ ~ ' ::5~'~ r" ''7"~5~:t~)e ~ ' -' 't~t~~ .... '" ' ~" ' ........ '~'~4:- '~'~:;' ' ," .' -<' .":::: .... '- ~'-' ':'::.,'?'t': ..... '"- ' "*':::'~'~ .... ~ -'"' :' ' ' - '"':: +:-: ': ..4:~. '~/t:. . .... --_-7:.'.'-, . . -. · .o %: NOTES TO FINANCIAL STATEMENTS June 30, 2000 t. sulvad ¥ oF si ic T'iccotr rrso ?oncms: 'Description of Reporting Enti~: .. : TI~&' T'~' Co~umU~y'Redevelopmdrif XjehCj 'a: ~bmp~nent" ~ ~fit~' of th~:"C(ty' of Tuttin, · was established October 20, 1976, pursuant to the. State of Califomia'Health and Safe/5' Code, Section 33000, entitled "Community Redevelopment Law". Its purpose is to prepare and carry out plans for improvement, rehabilitation and redevelopment of blighted areas within the territorial limits of the City of Tustin. The City provides management assistance to the Agency, and the members of the City CoUncil also act as the governing body of the Agency. In accordance with GASB Code Section 2100, "Defining the Reporting.Entity", the Agency' s financial activities .will be included (blended) with the financial activities of the City of Tustin for reporting purposes. Tax Increment Financ~: , The Agency's primary soUrCe of revenue, other than lo-an~ and advances from the City, comes from property taxes. Property taxes allocated-to the Agency are computed in the following manner: · !.~"-:~ .._ (a) The asses§ed 9altiati0~ o~ all proper~ within the ~;;)~ct :ama'id'~eteimined... _ ~-::..-°n~..the date.of adoption '"" of the Redevelopment Plan. · -:. ;'i:. · Co) 'Property taxes related'to the incremental increase in assessed, values,, after:,, the"'adoption of the '-~ Redevelopment Plan are allocated to the Agencyx...A~.. taxes on the frozen, assessed yaluation of "' ' The XgenCy has n° pow~' to levy and collect taxes~ au.d any legmlauve property tax recmcuon nngm · ' "* -"' .... "'"'~ ""'" "' ' ' '-' "' ' :valuation 6r an rectucuon or ennnnauoa "~' ' increase the mount of tax revenues that woum oe avmlame . ipal ~dinte 10~gTJ .o to.pay princ rest on erin debt ''' . '' -';-~';'i ~' ~'~ ,.~ I~ ,h$ ,~--~..-~.l:-.~;'~,~,~*a'.- ?~'.' -"~'~"~ '"~'~' ...:., - .... ':,. :,+:_ -_._".-.' ..'.. -.. -' .~.~ ..... -,...--.+5~,¢~.. , .-; ........... . .. .%-'~' . _. ' . : See independent auditor~' report. · TUS.._ COMMUNITY REDEVELOPML. . AGENCY · NOTES TO FINANCIAL STATEMENTS (CONTINUED) June 30, 2000 . SUMMAKY OF SIGNIFICANT ACCOUNT~G POLICIES (CONTINUED): Description of Funds and Account Groups: : v ,,~.~ , -, .. · - '"'~"' 'ii~'"~:~ ':" :" .... ' .... The accounting records of the Agency are organized on the baSis of funds and account groups as '- ', ......... ...... " ";· ,:' ; " ' .!~.. ' .. . '· '". '., ;;,'; L.-'..", ."~ .... ~" · . · , r · ' Governmental Funds: ' '- . . · · : Debt Service Funds are used to account for the current interest and principal payments on the long-term debt of the Agency. Capital Projects Funds are used to account for resources used in developing the project areas as well as the administrative costs incurred in sustaining Agency activities. Account Groups: The General Fixed Assets Account Group is used to account for capital assets of the Agency which';5."..:.'-.':i!? are long-term in nature, and which are used in the operation of the Agency. '-~.:.,-' t ..... : .... The General Long-Term Debt Account Group is used to account for the. Agency's outstanding · :'--":-'-:'-long:t'6/-m obligati6~.' ..... .- ...... . .............. "' ...........-: ......... . Basis of A~countinq: . . ..... ;-- - - --~ -, ~ "-:~ .' . -- "" .:. '.L '.' ,: -. . . Basis'0f" ""~::"' ::' '~' .... '" ' ': ' ' "'" :-' ....' accounting refers ['0 'wheh' revenues an'd e'K--Penditures ai'~ r~0~gniZed in the accounts and reported in the financial statements. B~'is Of icebunting relates tO the timing' Of the'measurements :...;: m. a.de,'regardless.of-the meaSurement focus applied;:: -'z~.:.',,'.lT; i.'.~.-.~.t,.~ ..... ~'~ ,/.:,,-----..:.,22.-,.-.:.'2,; ·~,'/.·-·.X~::~-: ;.i.~..·-,o ~.-.;--';,~z. ;;":',.'"""':,-~'~::¢;~';".'5":" 'i'5-<~'"'.'- :~ ;.-.:. - '-;',ftc '. :. ',: , .. · .... _.._. ~ . .._: ....~ .. - ~ . ~.- ._-. ;' . . . ... . .: :.*... :.. . . -.....~-~- :~.d'," ,'.-~- --:..,~ '-~-~'~'--..':~'..-~-:-:..':-'; z-'-;:..:.:.i..;-':~-..';-;'--.:-~;.=, z..-_ ::.: ':'." ' .;" .:' ::.7-: ':";' ' '.' ~ :~ :.' :::' :- ~ : '-.- ' ..... · :.....: :)_..._n:~e g.o,~+~ ,rn. me¢?~ .nmos are accounted.for' using2 th~ _mo, dified.'a~c~.ls//si~bf'a'~;Sfiiith~..· Their ' -;:'-.'-~' :-~ -~' ~-~.~.v~-~2';'~;~.-.',°.-:;- .'2='.,,~".",:~-'-~ ~'.~, ':' .,'-" :=.'~i .- ~.~,.~.,~':'_'.~L~,.~-:_' . - :.,'.L~%.e3_ u,e,.s ~ ~c.o~,..whe. n they become m~le and avmlable, as net current aSsets. The Agency ;.~'L;_;~-~..~''' . .,~' ~.t·;,~::~:;,-- -..' ' l':-.i~J:".~..lt.'.~,- '::'.','. "'-.-,-'~.-.~ '..*-.~.'-'.I--:-~ ;"''.t:i2 ::".-~ ~2,·,.~:*i. ";,~' =:..:.;~.·~. ..',. .' ·.~ .... ' - '-_ .;~ns~d.~'.~ p...roperty..ta,y._es..aS ~able if they are .renntted. vathi~ 60.d/~/§ ktter the' year end. -. ' . . tt~:.t, ''- '~[[~ "t''~'. - ~' ' ~'t '[;-*.~',' }~'~t~.''·'~.'''' ........... ' '- · . .. . - * ,.~ ' .;..·,' '~. · .~..; ? - - :.., ,.,".'..:' ·. -"2..¢ · , : .-.' ". J · enditures are gen~y reco~,7~d under the modified ac~ baS~s ofacc, o.untmg when the rel~ted · fund liability is incurred. An. exception to this general rule is principal: and interest on general '.-- 10ng-tenn.'_de.~t.~. ~whi'ch is reco~iTed when due. · See independent auditors' rep°rt. -6- :?. ,/ \ TUSTIN ~3MMUNITY KEDEVELOPMENT'AGEN?Y · NOTES TO FINANCIAL STATEMENTS (CONTINUED) June 30, 2000. 1. SLrMMARY OF SiO~'IcANT ACCOUNTING POLICIES (CONTINUED): · . · Budgetary_ Data_: · . ". ' -:. - .,. , ~./;~'.:., .: ..... '-.,-.;~ ~:.' .r',"7~k'':7'.'!': - ' '~ ' S .~.,.:-...: .,.: .. · T1/~ budgets, of me.^gency..~e pnm_~,y.~ .?~?~.'."~7¥~?_~-_a'-.ix,';.2m~t ,,roiects, "~nnual" budget :' ~xtefiding' 0v~r one year: Because or-me mng-~errn nature o~ ~.?:,~, ... ~'. ~ . . '- cOinp'/ isoi not co siaer a meaningfd ana no buage ,tm' anformaUon mc uaea m the accompanying financial statements. Investments: Investments are stated at fair value (the value at which a financial insmmuent could be exchanged in a current transaction between willing parties, other than a forced or liquidation sale), except for certain investments which have a remaining maturity of less than one year when purchased, which are stated at amortized cost. These inveStments are short term, highly liquid debt instruments including commercial paper, bankers' acceptances, and U.S. Treasury and Agency obligations (See Note 2). General Fixed Assets:. _ · General fixed assets are recorded as expenditures in the govemrn'/mtal ftmdslit ffi6 time of purchase. in the General Such assets 'include buildings and furniture and equipme ,ri.t, ~d,~ c-..aP~-d, at:.c-°:.-st.- -- Fixed Assets'Account Group. No depreciation is provided o'n ga~i~ral fixed aSsets. -': LandHeld for R~sal-e: [(: : . Land held for'resale ~s 'ed at the lower of cost or estimated realizable value. The Capital Projects .... ;3.~- ,,,:.. ~ '- ' -*"~ ·¥-~-'""' "'"~" 'z~· -' ? ': '; :' "·'~' ·': ~'n'~ s' ~urrenl:-operatlons. ' ·; ~"~?Irr~,~'- - . -~-~-~ ' %--'~.-Z,,~~;.t~;--'~--e-,~ !-~.~" ~'~'. ; - Z, · '~_~ -'~.~-~:~ ~'-.~-':* , ~.~ ~e. · -,, - -, - .-. ' - - - : _ . - . ...-,...- - ..... : .-. ,..2 .. ,, Comparative l~a: -.. '., :-. ;-.:~-- 2~-, - -'2 -.;, :.c,..-:..- ::..,.:. :,;.~:~,:.t~::::!.,:.: .;.:... -. ;----:.. ,- -,.. , . - .... . ._ ': .... ". ,,-' : , ' · -''f:'-.r':; ' :.: ':" ' '"?-:-:,-"t' accom an financial statements -: - C~:~i3~va't~l' ara fdrtlae'pri0r year lias beeai pre§ented in the ' p ymg_ .... - - _ ........-: . .-. - ,: . ,.:__~_~._Z..~ ;,,'the-A~encv~s'fm'ancial pOsitiOn and operations. .-'.:~ :,-~.'in'Order to'proviae an unaersta__ nm-§ o~ ~u~o ~, ;-:. ~': .:'~-".?::-'_~_'---2~.~.i";:~+o,~ents since their 7: ' -- --: ....'":' .... :'"" -:"-:- =-*' ~-;, ~"d*w'e has not t)een presemea m earn u~ , ' ;-..-:- '.:- : e the' statements undulY'complex and di~cult to ':'2:[:'. ...... -,-: ' ' , . , .. ...... .-:,: .... -: ..... mclumon wouldmak ...... . ..... . .... ..: ~..._? ..'~j .... ~ --.' ..... . -'..~';:::,:?,:.,. ', ~." -- .-':':' !'.' ':--" ' ' _~ ." ..': ...... '::/;:,:fi:;'.':.',:-.-" :."d~:,',:,";: .':' ;: .,~. ;': ~.,:':t,.~:-, ~ .:-:l::- -,;:-' ( :.:?, :-' ¢-" '-~-' :':':": ' ' ','-. :' ::' .' : ,--L ';,,'.l-' :.'.,:',.:' -' ' '--- · · " · - .. :-... . ,, ::; '¢ ..: .-. ~'-'. :'f:~- -:;" · '*" .... -,---z:, ,'?; ~-~u:~,,' .;.":-, '--",. ". ....... ' ., :'' ''; .....: ,. t;'::,-;-.~,z..~:,~:,':· ,:',';??'.?~;~V,zz',-y~:~'?z'~ff~.T~:' - · ._ kt~;.~ ,: _'.., :,~:-,,: ',f.-j,74_,,~:~ ,~:--.:..:;f..:, :;. - . . , _ _ . - . ..... ~.: '.~ .: ;:' "-._~'. [ ::-:.::"~';'~:.::::77~. i-'?~.J-::':·.':.~ · - '. ....-' :--. "' ','::: .'-.-'::-!7'-:'?:1;7%~??:':'-:~"':-.~::,::.:.:~-:·:' :- . .~,.---'. , :: -,,.....: :-., .-.:::.:, ..':.,., . .. . ;;. - ; Se~ independent auditors' report. · -- TUS: :OMMUNITY tLEDEVELOPML AGENCY NOTES TO FINANCIAL STATEMENTS (CON//NUED) June 30, 2000 1. SUMMARy OF SIGNIFIC ~ANT ACCOUNTING POLICIES (CONTINUED): · - ? ,' : . ; ~ .,.Memorandum Only Totals: · · · · Columns in the accompanying £mancial statements captiOned "Totals (Memorandum Only)" are not n'eeessar~'fo~:''a fair'pre~e,ntatiOh '0f'ih~ financial Statements/ri'accordance - 'with generally aCCepted ' aeeoUnting~pfine~P!e~; b~i i~.e Present6d as additional analytical datai Datain these eolum do not present consolidated fmahcial information. 2. CASH.AND INVESTMENTS: Authorized Investments: Under provision of the Agency's investment policy, and in accordance with Section 53601 of the California Government Code, the Agency may invest in the following types of investments: Certificates of Deposit (or Time Deposits) places with commercial banks and/or savings and loan associations. - · Bankers' Acceptances * Medium-Term..Corpomte Notes . · - Commercialpaper -. ' '-" · --' LOc~ A~enlgy In~estmeni l~und (LAiF) ' ::,;.'-':- ~'--q'. :"--.):. ':..z ..' ~:, :__.. · -- · Federal agency short-term bonds or notes with a maturity of five years or less · Money market mumm funds _ . ......... ~ '- -~ ........ "' bonds.' The-'Calif6i:nii{' Gh-kerir{r~e/ii c6ae 'i~'"f0vidhs~,tha't':th~s'i~ni~s,' ~(}he:'il,b;~ce.-6f S~ecifie ordinance, res61~o~ Or indentures spec~g~th~'tyl~eS ofin~;e~ents its truStees or fiscal agents may make. ' ' . ' "· - <. ~ -... :'. :.-:~:.!):7 /..!: ..: . -:5..~:;- :..:...... -. ~ . ;.~_x ..... . '- ' ' -" -:--.': 7- 7. - - . . . - .......... ~- : , -.- ". .,-. , ,., ..... - , .,.--~' -,. ' . . - . . . · ~. :~.7 . 7: -.;,. :- -~j..'.:" ..... -:%2;": :"' ....... ' - , -' -[ :- ' ' 'T "' ' . . .... ;. ?,.:. r .-..' 5=~.... ".. .... ;,'~' -"":-: ?..-c...-,~? ~'-"-~¥~j,.~.7.'~ 5~'-~-',: ':'.::.., .... ~.' - "'- -'i - ' .... ' ','-: .-.'' " ~ -~ --' .... ,- -,o ~ ;~ C,' , ,.- -/ ,--,, -. '-~7~ ..~- ,. i:* ?Z";:.c''''. '. ...... 7." '~-.'*- ~*':-'; -'-" ,: .- · , , .- ' . -- - ' . . ,,-',' ~- - '. . ' ..... :' .-. :. · ,: ..... ,.- .,~.-~,:~'.,,'iy,,~.v~,,~,~,':ttj,:~, L~,t,:.-l,-.: i~-'.( ,s ' '; - -'. ','.·.~ ~ '- ~ 7',: ~- ' 7' ' "' :' ' .... . . .-: . . ' -'~ :' "' t : . : ,:'. '-"'-37_~'' ";.(,~",,%'?[:,.,'-;,:' .' -' ': .,,..'- -:'' ':; . -' · ' '' · . - . . . ".- ,'' .- _~-.. ~:,. .... , '..._'L.t: .~? ~-...t....,: · - ' . ~ . . . - - ..- -:'z-:.'.':- ' ' ..... -- :' -," ' "-',i :: "' -' -- - ,. · "' .~. See indel~endent'auditors· report '"' ' - 8 - .... '--. · , ,. . TUSTIN COM]Vilj]WITY tLEDEVELOP~I AGENCY NOTES TO FINANCIAL STATEMENTS (CONTINUED) June 30, 2000 .. 2. CASH AND INVESTMENTS (CONTINUED): · · Pooled Deposits/Credit Risk: · ~ The C~lii=omia Oovemment C6de ~equires Califo~ banki and sa .vinss and loan associations to secure · ..;:,. ,, , d~.,;6si~sb .i~dgin~'gOVemment sec~ri, 'ti, es as ,collate.ral, ,The __m~r. _k,~t..v~w°sfP~d~g~ · "an. agency s p _ Y P- ' --~-- ~ ........ -o ~,~,~sks. Califorma law securities must equal at least 11o7~ o~ ~n =~;"w o ~'~'" deed mortgage notes having a value Dm-fimtions tO secure an agency's depose'ts by pledgLng first trust of 150% of the agency's total deposffs. ~ . The Agency may waive collateral requkements for deposits which are fully ~nsured up to $100,000 by federal depository insurance. In accordance with GASB Statement No. 3, deposits are ¢lassLfied as to credit risk by three categories as follows: · 'Category 1 - Insured or. ¢ollateralized with s~mrities held by the Agency or by frs agent {n the Agency's name. . Category 2- Collateralized with s¢¢urities held by the pledging financial h~itution's trust department or agent ~n the Agency's n_~me. ,-, - i _ . . ,..Category 3 - Un¢ollateralized.' . . --... Investments that are represented by sp~¢Lfi¢ identifiable inve .stment securities are classified as to credit '- .~ - risk by three Categories as follows: :~-.- -..- · '..:.: ~ .-'.- ...-'._._i:.~.-.. ~i.';5._ ' ' ' . ~ . Category 1 - Insured:o} registered, or securities held by the' Agency or its agerit' ~,'tiie'Agency's · .'.~ sj,,~. ~;.i ,.4 . ~ name. .. ~,5" //::"'::-'. ~' : "-':" <' · .5~ C~itegory 2 -~;''U~e'd:ana Uixegisterecl, with s~ties held by the counterparty's tmst.deP~ent -- .:.Vx.-~:~;: :-,- ~ .... ., - m the Agency s name. . ~, :,: >< --.,, ~,: , ..~-:. _- ~'?." , ',:'y '-- . ...... _. -. ,. · ."-'..E'!) -5- ,, . .: . ' · ° "" ' "x' "~:e~;!:2 ".e~" % ~ '~-' '~, - Category 3 .... UninSUr d'imd'nnreg~stered, with securities held by the counterparty, or by'its trust -,~.;-.--;. %: ',':?'.-..,,i . · .-..- · :.: : : .:-.. ?~? d~partment or agent but not in the Agency snare. . . : :. ' .-': <, .:':.:~'~,-'..i '::':'::;"1~.-7:':.;¢'?.'[i_-.- ' ".-' ' - - .. "-'"' · ' -: :' ':' 21':'~./: ...... ' - ' · ' . -~_-:,..-'-_ ...... ' V:.': :7.¢2-.-,,."-;:T:,"~-"'-~,,i~5,' '.~- :- ..... . .... r ........ Z'.'--7:..' -: 7'T .... '.'." 1:-~,..-'-,.. -.. :.,:.:-;--;:-'~-..:--'-'-:'. '-(i-:? "::: :i-.se':-,-'[-~'.TY:.'-'-. ..... . ......... : ' ' - - '., 'r ~(-'..'-,-". ,.,'~;c': ',' .¢-'"' :. ~--.- t:-"' - .- '.. _ - . .-~.- ~,v'.. :':"~ii :.,;'if;',:,- :~..;~:. % 4-.~-~; .... .; '.' ~. "-h ,~ ~ ~, [ :' ~' .-~ '~D,~.'-' ~?f~: '. ' .......... · '.. ', "- .' .... :. ~,::',~-.~: f.~-~';;~;),~.,' ': -.. '. - - i' , -.- · .. _ ~ .? ?._~_ul: -,..-':,~ it'''*'' :-'" · . - . -. ,:.~.... :,.,.--.,, ,. ':,-..:' :..,:..'-:.:';::"fz.~~:.:~:._:-m :__~?.-.::, ..-_~...-.:.-:-.-.....:.: ........... . See independent auditors' report. -' _, .. : TUS 2OMMUNITY REDEVELOPM. AGENCY NOTES TO FINANCIAL STATEMENTS (CONTINUED) June 30, 2000 . CASH AND INVESTMENTS (CONTINUED): Deposits were categorized as follows at June 30, 2000: , · · Accounts (overdraft) $ Category .... 1- 2 ..... 3 Investments at June 30, 2000 are categorized as follows: Not Required - to be . Bank .. Carrying _ Categorized Balances ' "Amount -$ .$ (908, I71) $_(2,934,944) State of California Local Agency Investment Fund $ Bankers Acceptance Federal Agency Investments:. - Federal Home Loan Mortgage Corporation Notes Student Loan :,.~..' . :- Mortgage,. Association Cate,~orv 1 2 3 -$ 1,169,548 . -$ 1,943,224 Not Required to be Categorized 'Agr ~d-::....,_._: ........... cement . -:.- - ~.:,. ,~-. Total .... - --- ~::-.: -..-., -.. investmen~s $11,103~2'69 $ "-.. See independent auditors' report. . . - $ 14,454,851 .: Note 997,656 .... .._~,.:;::~' Federal Home.;_ .. -.. -.--- -. ........ '5' .-- . . '. ;~ -- " .-- ?. ;'"..,"7;-Lo~.i Bahk-:;t'~' ';-; .... --.::'- .-..- . . . ' Notes'--. 5,000,935 - _ ' _ Freddie Mae ..4;:,:a~?: Note:.~:.:_?-,.-:~.:,-. 993,906 :.:., )':L.: :,~-' -:: .~':--,:,-'-:-.-'-~.;-.~ .... ~. '-- - ' ...... "U.S. ' ": ........ "-' ~ ?:' '~"~':'"~'<~"~;"?'"~'~' ....... Tr6asury - .- .,, -: NOte · . 998,000 - ......... ':' ..... :~;'"'~' :'- ~ "- Held by fiscal ,~,: .-: i .......... - .... " - · ' :" "" ' : a~ent: -'-.;. :: '--:-'-:---:'-- :','-.: ',. :' --1.- :'.;~::-;-'-:-::' .'~','.v .; .... "-'.:<:"~.~?" t:n.';~ ',- .... :-.' Mon · -'--~.-, .... ..... > - ~-"~-, .' ,<-~, .-" '. - · Mum~..:...:- : - Inve~ent - Fair Value $14,454,85 I 1,169,548 1,943,224 997,656 5,000,935 .993,906 998,000 . - 55,579 1.629.725 $ 27.243.424 *o TUSTIN COMlvlUNITY REDEVELOPMEN'I ~GENCY NOTES TO FINANCIAL STATEMENTS (CONTINUED) June 30, 2000 . e Cash and investments at June 30, 2000 were: · -' "'" :' ' :" accounts (over '... ', · .. . · _ ~ .-_", , : ' ":'" Peity cash ' Investments CASH AND INVESTMENTS (CONTINUED): .... ' "-.' '.- ~. - ': :.':";" ~:':' >' ':": .... "' 100" . ;:.~ .:. ' . ', .! 5.,,* .. ,: .'- ,, _ $ 24,308,580 Cash and investments in the comb/ned balance sheet at June 30, 2000 are shown as follows: cash and investments Investments with fiscal agents $ 22,623,276 · 1,685,304_ $ 24,308.580 The Agency follows the practice of pooling cash and investments of all funds. Interest income earned on pooled cash and investments is allocated based on the weighted average cash balances in each fund receiving interest. In February 2000, the Redevelopment Agency began processing all cash activity in a pooled account with the City of Tustim The overdraft of $2,934,944 represents the Agency's share of the p(~oled account with the City of Tustin. Additional GASB 3 disclosure of the deposits can be ..?obtained'frOm the'Cit~ of Tustin's financial statements. '~ . ..:: - :: Ih;~estmen~ Not Subiect to cate.~orizafion: '-. :-... :. ~.:-~..:;-. i~ . . '.. _ ...-.;' " ~:-. :._-. ' ..::'.'-' ;:' -' ' ' '" ' ~' -:' I~Vestments in ~he'California Local Agency .I~vestment Fun__d~ ~. ~A~_ ~),,~?,.lo~t,?/~;n~ed, as GASB3 - · "'do~s not reauire categorization of investment pools manageu uy ~,,,,.~,.- ay.: . ~ -..- .'.' :,' ~ :- . - , .. ~.~-~, .* - ' ': '--": ~ .... :.h::,': 'J,.,.' :'. ;~ ~:. - ' -. ::.'". :'.: ':" -.-. - . ~. ?, 4- ~ ,- ..... ~ ..: -,-~ i-r'.z' ~.'-Z ---~'-} ~'-'z'S&-~.- ~---': -*~2.-_.',z:72-'-~,?,:~:-~--2 , . .;.-.,:':./" ',,'., i/' .':: :7 '-' ' - . ' : "Local A~encv Investment Fund (LAIF).__. :-.. :- ' .... .-.'-',~::~a~.~.~'.-:.'~'?~'~: -: '-:'.: . - - _.. ':"..i ·4 :': :"i~:- ' :--;.i'.".·:.>.~,:-_'L'"h':';~:~-'.:c: ?'-'.- .' .... : :,.·:' · "~' 'r.V:,~: ';.:',' :; i.'-..:.~--:.:'·..~'-: ........ '·' ' .... h '-':"~ - ·~v-. ~"" _a V;]: :i-v°l~';~' ~'~ ~ed bysmt~e in 1977,as ~ investment alte _rna..tl._Ye ..~thr9~ whic £: v :-.,'.~&:~ ........ -.. .,..--.~., r~ ~. ~-,., ,-.;:~.~,- - ,'?"'. ...... .~'.:".:~: :'"" :";: ' ..... ": ..... : 'enc Investment .... .,~- - ...... ..-', ~-~ - ',-'.:¥ ~r--?~.--- :::-','- - '~-_x,-'~.-r~'v a~ ~h~ overm~ht bY.' the Local Ag y :. :' .- · - :*-.--.~: local g0vemm...en~ .. 7 po ......_.. ,...:: :- . .... : , _' _. __.-" ;:a ,,. , -State-statute; F_~i:h city may revest .. ' "dviso ' Boarctj which consists otnve memrmrs as a_em .g~/..~.~:.y? ............ "-"':'" ' -,--: .... :.;'!!5: !-.' :' "":.:.~. A . ry... 000 ear. h~ the Fred for the city' ~dred~vel0pmemt agency ana .may .re. so :-'; .:_.. ':'~. '..::~. upto $39,000, ' --,~ ' ' ' · , ' ........... i:::as acc° t t;A mgl Y tiquid, as deposits can .-: ' o.: fi0/t m emal bond pro - .-,.-, · ~-~,,, ' ..-'.:, ." ' , ' ' te ... .~.~, limita sp ....... , .......~.,,~..~,,~ .........~ encs ro omona .-' .-,-.* ....... ,r:--~:,-. - .... - ...... loss of interest The Ag y P P . -. - . ~- ,.- -,. ...... .---- - ~6ur hours Without ....... . , -- ---- ' . .-- .verted to ea.qh Within twenty ......... . ..... ...,.~.: .... ...... s -. .... .- be con ---- ......... . , ....... - - ............... c uded m LAIF .: .... ........ - .- .~ .... ----,. --?--' . ...... -- d to $14 454,851. In 1 · :-:.-- :-·::,-,~¢ '~- .... .ts investment m .L6~...~.a~,,9..un, te ..~.,::~ ,,,~.. , ., ,, ,,,;,.,- ~, - ,- -, ,.. .:.. ,. ,::.,.share. of..the _f_.~..,i~u,e..,.0f~ .,._..: ........... ..-.:--::~...~-:~,:'-~'.'_,_<~2:~.' · ' .... ~: ...... structured notes -_,.-_.,....-,:,::.-.. ..... [-rtam-clerivatiVes~B s~ ......... P ........... - .... . . , . ' · -..:- .. , .:..::. investment p6'.rtf0'!io-~.m&~.::_._?...:- .... .,'-: z :::'"-: -"" .... ' '" - ..... _ 00' LAIF's, and the Agency s, ... .- .... · :'~'. .......: ...... : ....... tahn $770,758,0.. ._. .. .-:~- ~,'. ;:- -:.,-' ' " and imet-backed securities'to_ _.. g,...,~.... ....... .......,:.,.. ..... :. :::: ..... .,... :.; .- ...- ..... . .... . .'.,:-r.~.::~ .',.':,:. tOtaling $1,909,398,000. .......... .._ ._... ::.-.,..,, ·...:,,,:,.:??.,...:.,,~:~;~: .:: ..:.....:?..~_.: ....... . : ~ ,.... :.: xp . ... .....: ....::......:~?,., .·:<.:.::.~?. . . : .-.... :.:.,;... :.:...,:.:.::...:,:?.:-., ·.........:.-. . '~16Ij~;~ ' . ,. ,' '~'-' -' -':' ."Z_ ' -' ,~..t,~,:-. -'-."" .":' '.., , . "' ,:i "-,',>' ....}~ ' ', ....... .'. . - ':: ; . .- -: . ,.. ,, . - , _ '- -,, . ,~,i~?:'~::~:'t',.21,,'_:a: ;':... ,- :_- -.. - See independent aiiditors' rep.om .. . :.... ' --- - 11 - "' ..'. · :O~ITY REDEVELOPM[ ~GENCY NOTES TO FINANCIAL STATEMENTS (CONTINUED) June 30, 2000 2. CASH AND INVESTMENTS (CONTINUED): 1 Structured Notes: . Included in the City's investment portfolio are $1,989,750 of Federal Agency.. callable issued, which are defined' as' muctured notes. These notes are callable on the qmartCff (within ~ix)e tO ten.~USiness days notice) throughout the life of the notes. .' ' .. · · . ., LOANS RECEIVABLE: The Agency has provided a commercial loan program to small businesses for making improvements. These loans are non-interest bearing. Due to the ' long-term nature of the loans, the Agency has reserved fund balance.. $ 188,951 4. GENERAL FIXED ASSETS: · The specific fixed assets included in the General Fixed Assets Account Group at June 30, 2000 are as follows:.. . Balance Balance .July 1, 1999 AdditiOns Deletions June 30. 2000 Building-Civic Center $11,024,198 $ -- $ .·~,.....~: .... , $ 11,024,198 _ . .-: :?'.[ Furniture, fixtures and .......... '" :':i !" ..... ::'-' "" equipment' . . _.,..:. :/- -618,840 15.993' 22.184 612.649 ' ..'2- - ~ . . .,. ....· . ,~. --._: .... .-._-. _ ....... :~:.- . . 9:3 $".-- -.. -. -. - ..- Total ' - $11.643.038 $" 1'~19 : ~'::' "'':= '- 22,184 "$'" 11'~536,847 __ .... .. ~ ...... j: ...... .: '"' ' ' .,' 72 ::Z: .:Y:'~:k~.:: ..... ..:::; ;; ;:(:-~:i -, }- .,.-..;~..;5/;,'. ..... "-' 5~ GENERAL LONG-TERM DF:RT: ' =---'. ~-~-':~:'~'~ · ~:":~:'-"~' ~' "--':'~'~'~';~" '-~ ":---: .... -" ' ,: - · '. - :,.. -'.;'::' :-~ .... -; .; ....~- .... -...-":.)~,' .--- : .... ~'.-- .,, .-:,~',;., . -'i. - i :,-' ' .:z. ,~.~ a.e mac .wing is .a.~ of t~..¢.hartges h:tli~'.G, eii[ral Lb'n~g:.'T~' De,b,t'Xcc0'uht ~n:~3~p.~-for the' '.' ., ~'- ,-~--'-- .' '.-;.. - .- - -'- ' -' .... -" .~---~-':'." ', ~'.~';--'-, ~-[-.' ~'" ..."~C.:(: ,,a. ,,,_. ,':..'*'2~-?.~-' :. "-;-,'~,-;~'%.--; CTs'.:"" ' - .' -2~ ...... _-..:. ..... .'"t:.~- .; '-.L.-'J 'i'~-:",j.r~-' '. '"'" ~!"'o'; :- :.~ . -: .:¥ .~..,-.~..-0;,.'.'~;.~ ~:' ..t.,',; ;...--..Z~.; ':-: ;$.,'.-; P~,?!,.':-.~;-? ';-'$'.-~," . ':.- ......... -, ...... , ..... , - _.._ .... . ,.,~,,,,.,,,~-.~.:~ ...... , : ...., ........ . .:... .... : . :...,-...,.~ .... -. ' ! ' . .r- ,? , '-<~o' '.~ ....... --;- -.~., -~ .... ' .-ia&'-:: '- ~'~..::', ,'"" . .',"':" 7* .,~ - - - ~ . , -. , ~ . · '~ '- ,; , ,., . .~r.'~. .~. ,,,-.-? -~ '~:~;:,. :r:r'-,?.; .... -.::., .-ulv 1,-1999 ,ic-'--. Ad~fiofi~"::.. Retn'ements.5(!Jti//i.~0~-2000 -'. -.. :.: T~ a/locauon bonds-'.----~-~':,-.?.?:. ;-~ .:,.~ $ 20.030.000-' $'::~:~z?_~:."~3 :-'..'. $:~:: !. 160 non-' - , . - ~ - . '., - .~- -,-. · :.-' . - . . -' :.. .. 47, ...... ~ ., - : :"--~"'t'--r.-~C: "'~' ""-~:~-,':- ' ~'~-"---' .~-'r~.~'~-'~,?, :"::"Z"?;~-7::'~.~ ~-,'~:~'~:':":~:' :'~'v*:~-' ;..~?~'-::'"'~?c~,~3-~;~'..~'-:Y2' ~::~:~!.~''- '.'..: ' ::-:- .... · 27 ~ '... ' . ' ' ' · ~: , ;· .... ' - -~'~?· ' ., .... -':""''? ?? , ~ :-'~-rF'" ~',~._.~.,~.~6.'2;M.¢; ~ ~.~,'-'~'...c ~ ''- ,' " ,t - --, · - - - ..... : . .. : :. . ~..,.'t. 2.':,* ' -,,v-,c.-. ,~1~ ,-..- -,.,; :,.--.:, . :,.. , . .,, ~,_:,,~ ,......,....,. . '"' ". :. '- '--. - ' ' - See independent auditors' report. , . · _ .. .',.-. -:.,'. . ' .: ~..,.~ -~-..-...--,.....,, ....... .. . . ~,. -12- - · o. _- TUSTiN COMMUNITY I:tEDEVELOP~'I AGENCY NOTES TO FINANCIAL STATEMENTS (CON//NUED) June 30, 2000 5. GENERAL LONO-TEKM DEBT (coNTINUED): :'~' ,/ .. ....... ! .....';: ,r~..~.~-~)~:~-_ 3~,~C.;~; ~; ~: ~3~.:~-,~ .... ~...~%., .~S ........... ,-~/n~".~,,w~ -. :--~e T~ Comm~ K~d~velopmen AgenCy' .... ~,..._~. 1,. 1998,. . -. 'Pr je t B6'h sl S es' m p %ipm,0f me ncs's Cent~ ~ea Kcdevelopmcnt ProjeCt Subord~tc T~ All°ca6on Bonds, S~cs 1991 ~ ag~cgate p~cip~ ~o~t of $12,880,000. ~e net proccc~ of $20,192,172 (~er payment of $552,424 ~ ~dc~t~S fees,' ~s~cc, ~d o~cr ~cc co~) pl~ '~ addi~on~ $805,500 of 1987 Series s~g monies were used to purchase U.S. government securities.'Securities for the 1987 and 1991 bonds were deposited in an ii-revocable mast with an escrow agent to provide for all future payments when Tax Allocation Bonds, Series 1987 and 1991 are called for redemption- As a result, the 1987 Tax Allocation Refunding Bonds and 1991 Tax Allofiafi6n Bonds have been removed from the general long_term-debtaccoUnt group.- As of june 30, 2000, the 1987 bonds have been- -fully redeemed and $12,775~,000 of the defeased 1991 bOnds are outstanding.' . . :.~.~..-.- ?.~_ .~. ;~'~-.:.: _._: .... '.. _ ........ _ -~:.~ .-....- .:' ~ _- -! . /: -. -... - . - _ ~ . 'A ':5: .. . . . . .... -., . ' - - Serial bonds:"are payable--in~-'~hnukl installmeri~s~ raging': fr°m~ $775,000 o. commencing on December 1, 1998. Interest is payable, semi.'ann~ually on June 1 .. · · -'- - ' '~'- rates ran'a''~' from 3 5°/~ to 5 0% per iinfi~'..Tile bon~; ' · - ann iJecemoer 1, w~m ~m~ · · ' ' ' ' e DeCember 1,' 2009, are subject to redemption priOr to - .matunng on or. af~_.~..~.-.: ..... _ ...... . · '- -- --'-~ .~ ...... "'" ' ~ '- er -,~' maturi~ a"~vh01eOr in part, at the optton of the:Agency, on any date on or aft , ~'C~nber 1' 2~008'at}Hae~'~rigind'fr6m.ipq°/; id 10?/o~ofi~rin~cip~:':!/~ ' - ' '': '::' :' ' ''' $ i9.270.000 .;'-.-,,.~.?. :p~ -,,--x-:' ~;-' '...~,~. =.~,~_7.-'.~'~-~,~'.---~. _~:'4~ .-'?~_t ,-'~.-I,-'~...-,.~.'~'~% '-~. ~.--: ...... '-,' ~ '"' ~' ".?" :" ." - .... - -, - ':-"'-' - :';~Year Ending:!¢~:-·..5}.':-: ' ' '?'~" "'- "' Total -' '~' -'~' June 30.' :i-".~.:.:~::i:-'.'-.: '.'/:-?'.' ':'~'''} ')':: principal -- >.:': - Intei~st ... .; ;:2~)017"-'/::.'i~::;:,:,~'.ii~i :~.: :: ~" :Z::::' .. ':-.''''') ~$'~' -'i:ii}' '7"95,000 :' ';:'$ ":::""' 864'929 $ 1,659,929 · - : 3 ~'200~2 :~:~ ~.:.i/i¢'}:/.~: ~. ~'~-.".?': ' :'" '.:-'-.':'.:.'-~ i':'825,000: :-"-': .'~'i :"' '833;537 1,658,537 .. :.: ::::/..-:...:::.::. ':-i-..: 't-5. 'sS0,000 !.. 800,450 ': ' '"'-/'i.T~'~I~/:" ?'1-3'.11 :i-i.;.-~.- '::':')' . "$."19,270,000 .:;". $ :~..--,8.710.888}.: $ See independent auditors' report. . -. · - . · 1,650,450. 1,655,205 1,647,640 19.709.127 27.980.888 COMMUNITY REDEVELOPS. · AGENCY NOTES TO FINANCIAL STATEMENTS (CONTINUED) June 30, 2000 6, DISPOSITION AND DEVELOPMENT AGP,.EE~T: .. · In December 1995, the Agency entered into an agreement with a developer whereby the Agency is to · loan the developer an'mount not to exceed $397,183 for the development ah/i'b//emfi6n of a 145 unit, single-family, own~...oCcUp.ied prOJec.~¢, .accor,d~ce with the agreement, the mounts disbursed shall accrue, interest at tii~7'~ate'/bf.7%~p~,;~ar,.'c0~p0uiided monthly, from the applicable dates of disbursement. PortibnS 6fthe-pringip..~' and relitsd a6cimed interest shall be forgiven'upon ~he Close of escrow of the' .ninety-fn-st and one htindredrninth' of the. units, and the remaining principal and accrued interest shall be forgiven up°n the close of escrow for the last of the one hundred forty-five units. Principal and interest are repayable only upon developer default under terms of the agreement. Due to the contingent repaymeni schedule, the Agency records an expenditure when a portion of the loan is made and no receivable is included in the financial statements. The balance of the loan outstanding at June 30, 2000 is $44,932. '. 7. COMMITMENTS AND CONTINGENCIES: · · · The California Health and Safety Code requires redevelopment agencies to set aside 20 percent of their tax increment from project areas established before 1976 for low and moderate income housing....':~.c::T-4'~ Between fiscal years 1985-86 and 1991-92, the Tustin Community Redevelopment Agency deferred a total of $2,776,042 frbm its low and moderate-income housing obLigation. On February 1, I993, the Agency adopted a p! ..a~_. ~t0 eli .rninate the.,defici~.in subsequent. years. . , 8: REQUIRED ':"~:"':':' ~' "-"-' .......... ':'. 'f. ";* '"' - " -: IND~U~ FUND DiSCLOSI~k : ..... . ~,- .. · ....... The Marine Ba~e Deb~ Sen, ia l~d'a~t' Capit~i.pr~j~c~ FUnd h~V'~' d~cit fund balances of $53,680 and $202,178, i-es~ecfi{,el~; as 'of Jfine' 3 0, ........ , ........ .- . . . 2000:...The ,Agency s management intends to elmnnate this -i":fdefiei/'~d.b.alance from ~u-e re(,&niaes or by tmmf&ri'ing furids from ~the~' City/Agency funds. ' ' ' - ........ ; .... '~-:.- ........... :.Y...2-'~?;:;. _:~: .. 2'._'.r:~. ~'"'- ' ':'- .-. - . - :.-'- -- i-..i :.:.: "..~ ~'. -. -. ..... ':_- .. '. i- ..... '?*5;'b'., .'-*~ ii - -~7 i~,','j-7 - .. ?-' 'J ~i.¢k '.."£~ 'f ~.:~: .':.: .... 7:7- 2:~",:'- ..... ~?~.~, ...,-:a,,, .- ' ' ' ' ' ' ~"~,' ~l, .~"~.'~'*~'~.', ''' '-.~ ' .' - "'~*:'~':--"}2% '-- _ t ;: · '%- ' - - ' ..:.-': ' ' 7/: :. ' '. ·· . . See independent auditors' report. ~. -?,-, .... ~-., ..::~., :'.: ......... -14- , : - . _ . .o ~ ,- o FIN COMMUNITY KEDEVELOPMLL'N'T A~r..NCY · COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS June 30, 2000 With comparative totals for June 30, 1999 ASSETS Cash and investments Inves~tnents with fiscal agents TaXes receivable ' Due from City of Tustin TOTAL ASSETS South C.~tral Project Area 3,7981147 -- 11,141 320,562 Town Center Project Area $ 2,507,397 $ 1,685,304 44,384 4,129,850 $ 4,237,085 $ Marine Base Project Area LIABILITIES AND FUND BALANCES LIABILITIES: Accounts payable and accrued liabilities Due to City of Tustin TOTAL LIABILITIES FUND BALANCES: Reserved for debt service Unreserved and undesignated TOTAL FUND BALANCES CDEFICIT) TOTAL LIABILITIES AND FUND BALANCES $ - $ 1,362 1,499 164,721 53,680 1,499 166,083 53,680 4,128~51 4,071,002 4,128351 4,071,002 $ 4,129,850 $ 4,237,085 o. See independent auditors' r~port. (53,680) (53,680) Totals" 6 o5,5i4 1,685,304 55,525 320,562 1999 ' 5,006,903 1,677,364 o. 137,309 $ 8,366,935 $ 6,821,576 oo $ 1,362 $ 414,890 219,900 - 221,262 . 414,890 8,199,353 6,406,686 ":~"'~' -~': (53,680) ..~:~_~"._.,r. ~: ....- _ 8,145,673 6,406,686 $ 8,366,935- '$ 6,821,576 - ........ .'77'..- .... ~ .' ...... 7-' "z-.:-_- :~ --- . __..--. - ~- :.. ..... :.4: ~- ~, - ... 'b..st ~'~:. ".- ' . , . '.,-~v~ .... :",','~"';~-- ' 5~=. ~' '-' .... .,TIN COMMUNITY REDEVELOPMEN'i .,E. NCY COMBINING STATEMKNT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL DEBT SERVICE FUNDS For the year ended June 30, 2000 With comparative totals for the year ended June 30, 1999 REv rtmsi . Taxes Use ofmoney and property TOTAL REVENUES South Central Project Area $ 1,568,515 205,462 1,773,977 EXPENDITURES: Current: General govemment Charges for City of Tustin Debt service: Principal retirement Interest and fiscal charges Costs of issuance Advance refunding escr6w 20,000 189,438 110,100 TOTAL EXPENDITURES 319,538 EXCESS OF REVENUES OVEK (UNOFat) 1,454,439 OTHER FINANCING SOURCES (USES): Long - tem~ debt proceexls Paid to r~.funding escrow agent Operating transfers in TOTAL OTHER FINANCING SOURCES (USES) ..... . .......... : '_' - .... · ... ~ ......... :'. EXCESS OF REVENUES AND : :' ,.-: OTHER FINANCING SOURCES '-:' '~ ... . .;.- . ~ ....; OVER(UNDER) EXPENDITURES ' ~-~'~ _-.-- ,:. - . AND OTHER FINANCING USES .... : -- '- ' .'. ~'. 1,454,439 . - . . - FUND BALANCES AT BEGINNING OF YEAR: .=' ...... " - 2,673,912 ~ ; -..,.. :- ' ' -:' - -. '~ -~:-"-:'; -; - ".5.-"k ;"-~;.::' -~; . -' ' - . . See independent ~uclitori' r~port . . -17- Town Center project Area $ ~ 2,016,510 · ~. ..... 240,535 · .. 2,257,045 Marine Base Project Area 4,122 253,431 760,000 901,264 1,918,817 15,145 38,535 o 53,680 338,228 (53,680) 338,228 3,732,774 4,071,002 (53,680) (53,680) - 2000 '..' ~* ' $. 3,585,025 $ 3,34i~818 =:~. ~:.~ ,. .,. · :?-:'~'.- - 445,997 :~'~. ....' 331,243 · __ · · " :" ' 4,031,022 3,673,061 24,122 ' 41,910 458,014 596,040 760,000 1,049,899 775,000 855,981 522,424 805,500 2,292,035 " 3,596,855 . . _.. . '-: ?i:":! 1,T38,987' ~=:' ~ ..... :" ..i-'L-:~':: .... 76,206 ' "-' . 20,744,596 3-5.: ((18~45,159) . 5,482 :. ::':-V-: .... --. ~".. '" t..?.:/~ ;2 '~: :_:" ..... '- 2,204,919 '-- -' _ .. .%. .. 4. ~i..T¢,: :..: :.:: . -:. ,' '.='~: ': ,..-~,--.- , 7 · , t '-~r-~- ": '"-" ".Y-"g- ; ,, -,STIN COMMUNITY REDEVELOPMEN'I AGENCY COMBINING BALANCE SHEET ALL CAPITAL PROJECTS FUNDS June 30, 2000 With comparative totals for June 30, 1999 Cash and investments Taxes receivable Interest receivable Accounts receivable Deposits Loans receivable Land held for resale TOTAL ASSETS ,t(SSETS LIABILITIES AND FUND BALANCES LIABILITIES: Accounts payable and accrued liabilities Due to City of Tustin TOTAL LIABILITIES FUND BALANCES: Reserved: Deposits Long - term loans receivable Low income housing Land held for resale Unreserved: Designated for capital projects Undesignated .. .. · TOTAL Vtr D SALA CES (DEV crr) '~' 2 : :- . TOTAL LIABILITIES AND FUND BALANCES , : , · _ · . .. _ . . . . See independent auditors' 'report. .- .. -19- South Central Project Area 9,354,938 . 301 2,050,000 $ 11,405,239 South Central Low Income. .. Housing · - Town Center Project Area 3,430,481 $ 1,287,957 · . 2,785 . - _ 248,014 . 15,000 . - lSS,951 - · 855,000 $ 3,448,266 $ _ __ 2,579,922 _ 237,194 $ 9,248 $ 2,000,000 375 2,237,194 9,623 31,074 107,463 138,537 - .:.. 15,000 . ' .~ .~.-.- . - 188,951 .......... 3,423,643 2,050,000 ' '~-~: .... 855,000 -.- '~:' L,~..:.' '. _2. ........ 7,118,045 - 1,397,434 9,168,045 :'_ ..... 3,438,643 · ; ...:j~.. 2,441~385 11,405,239 '.~:i~ $...:- 3,448,266.:...;,$ ...,.,;,. 2,579,922 · .' '. _ ,.: '.. - . ,.. , ,'- ? ~" '0 .... :?-'?~'~,-.A'-' Town Center , · .... : ,, "LowIncome. ' ", ' MaHneB~e (..',-ii, :' :,;~';': ' .... :-';~: .... '-:;~ Ar~ .... - 2000... ...... HOUSing ....... ;, Pro) $ 1,707,674 · . ~ '~: 11,095 · 15,000 Totals 536,682 $ 16,317,732 $ 17,365,986 23,373 7,669 9,493 .... ....... 248,014 202,182 . 301 169 . 30,000 30,000 _ 188,95i 13,560 . 2,905,000 2,200,000 $ 1,733,769 $ 546,175 _ $ 19,~'13,371__ $ 19,819,566__ _ : $ 1,745 $ 48,353 $ 327,614 $ 457,708 ' 322 '~ ' ' 700,000 ' '2,808,160 1,902,000 2~067 748,353 3,135,7~/4 2,359,708 -. . 30,000 30,000 .'_ 15,000 ~' '" i 188,951 13,560 :':" ..:,'. :'-..._ --....' _].:: .,.-:: -5,'i~0,345-'--i :'"" '"" 5,074,6~,~i_, ..... ,.-.~.-.:-,- .-.. .'- '-' ~ .:.:~--~ :-:'"'"" ~,~ - .... . - - . .~-:7","7'--- .. . t--",:'. '--.'-, :.-- :~.:".- ' .- .' ::"'.' '" ';..r:'s :? ?~.-:z. '-'L]F:'-:-~.-:--[ ~]"; ' :~ '=--=~ .......... ' "':~-'~':'"~ ~178 ..... :~':::'"(20~178} .... ~::.-':-:'-" g5~61) ' _- _ :,.- (_o~ ) - - . .-- "" ' 1~731,702 ~ ' :"' '(202,178} 16~577,597 ':-,' "'- 17,459,858 ... .. -- :.. . :' .'..~..~ .... . · 1,733,769 '~,i,. $:-'~'-'"; 546,175 ": S .19,7.13,371 :': $ 19,819,566_ _ _.. . . :~:"-':;-~:-'~'" . . .. - ..'__. · .,' _ - ~ . -, . ,,, ~..' .. ,..;[,' -- , . -. _. - ..-: -. _ . ~'20 - ,, STIN COMMUNITY REDEVELOPME] ,ENCY , COMBINING STATEMENT OF KEVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL CAPITAL PROJECTS FUNDS For the year ended June 30, 2000 With comparative totals for the year ended June 30, 1999 .. REVENUES: Taxes Use of money and property Other revenue South Central South Central Low Income ...... ~;.~ .................project Area Housing . , . $ - $ 392,79O / · ;: - · 157,943 563,974 12,165 Town Center Project ~rea 163,408 . TOTAL REVENUES EXPENDITURES: Current: General government Charges for City of Tustin Capital outlay 563,974 ' 562,898 163,408 202,323 274,987 . . 933,232 . 91,613 90,000 231,339 TOTAL EXPENDITUR2ES EXCESS OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING USES: Operating transfers out 1,135,5~5 274,987 (571,581) . ... 287,911 ._ . . . 412,952 ,' (249,544) EXCESS OF REVENUES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES · -_ .. :~..,_..~,. (571,5Sl) FUND BALANCES (DEFICIT) AT BE ........ YEAR '.- ..;~. '.~::. :.: 9,739,626 . . FUND BALANCES (DEFICIT) AT END OF YEAR . -.--- . - ...... [ ::, ... : ... ,.. .~:-. . -..~. -' .. . See independent auditor' r~port. 287,911 3,150,732 (249,544) 2,690,929 ;. $.... 9,168,045... $ - 3,438,643 $ 2,441,385 .. -. . . ;'-"' ,'~' '- ? ' _.-e,~ T 7-/~~-. - ' - -' . ' · ~._; .~; ~ .... ~. . ~ ... ..,,a'~-'°. _ . ....... , ~,~. :;."~- '.~ ::-:..-,,...~),'~ ... . .~ , . . .. . : _ · ;- ' .:..z. ~-.,,. - ' _" -. ',e-' =-.',".5.. . ,-:%:·. ·, 5 ',.'· ~',.' ">'.:" ' .- - o .,":~ . - .. '. ? . -21 - -.-..-. Town Center . Low Income Housing~ $ 503,982 90,669 594,651 .. Marine Base '"' · Projec~ Area 55,007 55,007 Totals 2000 1999 896,772 412,020 631,146 835,732 981,130 47,738 1,939,938 1,864,600 816,881 816,881 1-81,824 181,824 1,567,628 90,000 1,164,571 2,822,199 1,3o8,855 1,880,490 3,189,345 (222,230) (126,817) (882,261) (1,324,745) (5,482) (222230) 1,953,932 1,731,702 (126,817) . (75,361) '. $.-:':. :' (202,178) - $ (882,261) 16~77,597 (1,330'227) 18,790,085 .. $ 17,459,858 iili;~ ~ DIEHL, CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS '; "' '"" "; A I~AIrrN£1LqIilP [NCI. UDING ACCOUNTAJ~CT CO~J,O~,TION$ EVANs & COMPANY, LLP October 5, 2000 2121 ALTON PARKWAY, SUITE 100 IKVINE, CALIFORNIA 92606-4906 : (949) 399-0600 ° FAX (949) 399-0610 www. diehlcvans.com MICHAk'L L LUDIN. CPA CRAIG W. Si~.AKEIL CPA NI~N ~ PA~ CPA PHIUP ~ ~L~P. CPA ~O~ ~ ~WS~. CPA ~J. S~ED~ CPA ., ~. . . .. :...:.-,.. . . ,-: ,; *?, , , ~',-~,:.~,,..-.:.':.,~,~:~.2m~p~~"~umTO.RS' ~O~T ON C0~~~:~'~ ' " . ...... -,':, O~ ~~~'~ C6~oL'O~R ~~C~ ~poR~o BASED '--~,.. ::.:'" · :,':: :;-~ 0N'~ A~ OF F~~C~ ST~~S PE~o~D ":." ~- ..~-- '. :'m ~cco~~c~ mm ~~~ ~i~o si~~s: "' ._ .- . . .,;' - . ' ' .. - ..... ' ,2 . . , To ~e Bo~d of Dkect0rS of ~e T~ Co~~W RedeveloPment Agency T~ C~ifo~a · · . We have audited the general purpose financial statements of the Tustin Commlmity Redevelopment Agency, a component unit of the city of Tustin, as of and for the year ended June 30, 2000 and have issued our Opinion report thereon dated October 5, 2000. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable' to financial audits conta!ned in Government Auditing Standards, issued by the Comptroller General of the United States.' .... 9'.: ComDliance ..... :... _ ........ T~ Communi~ RedeVelopment AgencY ~e ~e ofmtefi~ ~atemenB, We peffomed te~ of iB comp~m'M~'ce~ain pm~sio~ of bm, relation, conmcB ~d ~B, noncompH~ce M~ whch co~d MVe a ~ect ~d mtefi~ effect on ~e detemafion of financi~ statement moaB. Such pro~°m ~clude ~ose pm~io~ of laws md re~afiom iden~ed ~ ~e G~delines For Compli~ce AnaiB of C~if4~a Red%el0Pmem Agencies, issued by ~e Sine Con, one's Office ~d ~ ~te~ted ~ ~e'sngg~ Aud1~nk Fm~d~~ f0r'Aacompan~g Compl1anc~ AudiO-of ~lifo~a R~evelopment Agencies, ~med by ~e ~mm~ Ace0~g' ~d' au~g Com2ee of~e C~o~a Socie~ of OTHER OFF1CES Al': - ' ' 296~ R'OOS~ STREET -- ' ,-::-.-:.' Certified pul~lid"~¢countauts; HoweVerj'pr°viding an opinion on compliance'with those provisions was' 7. ::-!.n0t:an obje~v~:sf ohr-aUdit anCl,'acc:0rdingly, ~We do not express s~Ch ah'"°pini6~' The're'mi.ts 'of om tests disclo~ed/w° in.~tances of noncompliance that.ar..e required to be repgrt_.ed, uud~ Government Auditing sta~dar~:. :':.'i'.. ':~,,;: :..-': :; -- "' ' - - ~ .'-7~.:: ":"';:':-_~.~:-: ;" .... ": ' "- '"' ' · . - -~ , ,' ~ - . . -. ¢, .:: . ~ , '- . . ' , -, , : Hiaith-;-and 8~-4~" COde S'aCfi6ns.' 33490 'and.'33413Ca). require :red~Velopm=t. agencies to produce imPlemehtiatidn:!Plan.~ for' each" pi°jeCt::'area-'eve-rY-five' years'"~d have the'~ fi/st plan ad°pted by Decemu~r31~.i:1994.~..Thk-:sieb'nd five year: implementation. Plar/Was:?'required: to be adopted by Deckinb~'31~ 1-999:'We noted that Tu~'dn-Co~urdty Redev'ei0ikment'~gencY ad0~d-itS implementation 6, 2'000."':" :-'.".----: · · . ..-':.,"..,:' '": '"-'.'"::i'":'i.:'-:."':'"'i7¢!(ii:: :" ' .;: - -, _-: .... "' -- .:;:" - 23 -"'" -. '"" "' '::;7: 7. _ ''" i .-- ' $13 W. V.~I.~'Y I=A]IIO~VA¥, surrE 330 CARI~BAD. CALIFORNIA 92008-2389 ESCONDIDO, CAI.tFO~ 9202.%2598 (760) 7292343 ® FAX ¢760) 729-2234 , (760) 741-314! ® FAX (760) 741-9890 Compliance (Continued) Health and Safety Code Section 33418 requires the redevelopment ager[cy to monitor the levels of available affordable housing to low and moderate income households. Agencies shall require property · owners or management of such housing to submit an annual report to the agency. The information obtained.:'. by.the agency is. to be reported annually to the Departmefit of Housing and Community Development and :"~:"' to 'the, State Contr°ller's office. We noted that the Agency does not require property owners to submit these reports'annuall~,, as required. · :?0~ t; '. . '~ ° ."~', - , Internal Control Over Finan_cial Reporting In planning and Pe..ffqrmlng our audit; we considered the Tustin Communi'tY Redevelo ment A enc's internal control or. er ~c~al reporting in order to d.e, termine our auditing procedures for the ose of e ' ' ~"':';'": :' ''q ~'r ',.~ , ..... .' . .. ,, ~,~ ~ ..:., . ...... ,.;,. ~-..,, :,'. . . ....... purp xpressmg our op .an. on on the financml statements and not to promde assurance on the internal control over financial repo~g,I ..O~.' 'i'.C'~i~i~l'~rati°n,0fthe'intemal 'Contl:Ol OVer ~cial' r~orting'would not necessarily disclose all maffers iri the inthmal C6ntrol o~,er'fi~eial re'is0rtin~ thafmight be mat~rial weaknesses, A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. However, we noted other matters involving internal control over financial reporting that we hhve reported to management of the City of Tustin in a separate letter dated October 5, 2000. This report is intended for the information of the Board of Directors and management of the Tustin Community Redevelopment Agency and the State Controller's Office. However, this report is a matter of public record and its distribution is not limited. -..-... . , . ATTACHMENT II 1999-2000 AnnUal Report of Financial Transactions t° State Controller's Office The,,: 1999-2000 Annual Report of Financial TranSacti°ns to State Controller's Office is being prepared bY the Finance Department.