HomeMy WebLinkAboutRDA OTHER BUSINESS 08-04-86REDEVELOPMENT AGENCY
TO:
WILLIAM A. HUSTON, CIll~ MANAGER
FROM:
COMMUNITY DEVELOPMENT DEPARTMENT
S U BJ EOT:
RESOLUTIONS OF EXISTING PROGRAMS AND OBLIGATIONS/TOWN
CENTER PROJECT AREA
RECOI~ENOED ACTION:
That City Council receive and file draft Resolutions RDA 86-10 and RDA 86-11.
DISCUSSION:
As required by AB 265, transmitted herewith are proposed Resolutions stating
existing obligations and programs of the Town Center Redevelopment Agency
Project Area. The Agency will consider these resolutions at a public hearing
scheduled for August 18, 1986.
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II.
RESOLUTION NO. RDA 86-10
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING A
STATEMENT OF EXISTING OBLIGATIONS FOR THE TOWN CENTER
PROJECT
The Community Redevelopment Agency of the City of Tustin, California
hereby resolves as follows:
A. That the Agency is engaged in activities necessary .and
appropriate to carry out the Redevelopment Plan for the Town
Center Project Area; and
That in order to carry out the orderly completion of the Town
Center Redevelopment Plan, the Agency has heretofore 'approved
certain specific public and private projects as hereinafter
described in various resolutions, agreements, and related
documents which are legally binding obligations of the Agency;
and
That the Agency desires to deposit less than the tax increment
amount provided for in Section 33334.6 of the California
Community Redevelopment Law into a Low and Moderate Income
Housing Fund established for the Town Center Redevelopment
Project, as a result of previous obligations incurred by the
Agency in implementing the Redevelopment Plan in order to
provide for the orderly and timely implementation of the Town
Center Redevelopment Project; and
De
That the Agency hereby approves this Statement of Existing
Obligations which obligations existed prior to January 1, 1986
and were incurred in the implementation of the Town Center
Redevelopment Project; and
That the Agency believes that the redevelopment pursuant to the
Redevelopment Plan continues to be and is in the best interests
of the City of Tustin and the health, safety, morals and welfare
of its residents, and in accord with the public purposes and
provisions of applicable State and local law and requirements.
The following obligations of the Community Redevelopment Agency of
the City of Tustin, California, incurred in relation to the Town
Center Redevelopment Project are:
A. Town Center Tax Allocations Bonds, Series 1982.
1. Date of Obligation:
2. Amount:
3. Annual Payments:
4. Date of Discharge:
November 1, 1982
$22,404,147
$ 933,506
January 1, 2006
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RDA Resolution No. 86-10
page two
B. Owner Participation Agreement/Carver Development
1. Date of Obligation:
2. Amount:
3. Annual Payments:
4. Date of Discharge:
December 18, 1985
$ 439,069
Not applicable
365 days after commencement of
construction
C. Tustln Ranch Road (Jamboree) I-5 Interchange.
1. Date of Obligation:
2. Amount:
3. Annual Payments:
4. Date of Discharge:
August 20, 1984
$ 500,000
Not applicable
July 1986
D. Undetermined amount of funds required to implement projects
approved prior to January 1, '1986.
E. Owner Participation Agreement/Burnett Ehline
1. Date of Obligation:
2. Amount:
3. Annual Payments:
4. Date of Discharge:
July 1, 1985
$ 36,OOO
Not applicable
Upon project completion
{Estimated Nov. 1986)
III. The Secretary is authorized and directed to send a copy of this
Resolution to the Department of Housing and Community Development.
PASSED AND ADOPTED at a regular meeting of the Tustin Community
Redevelopment Agency held on the- day of
· 1986.
DONALD J. SALTARELLI,
Chairman
MARY E. WYNN,
Secretary
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RESOLUTION NO. RDA 86-11
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF TUSTIN, CALIFORNIA, ADOPTING A STATEMENT OF EXISTING
PROGRAMS FOR THE TOWN CENTER REDEVELOPMENT PROJECT AREA
The Community Redevelopment Agency of the City of Tustin, California
hereby resolves as follows:
Ae
That the Agency of the City of Tustln is engaged in activities
necessary and appropriate to carry out the Redevelopment Plan
for the Town Center Project area; and
That the Agency desires to deposit less than the tax increment
amount provided for in Section 33334.6 of the California
Community Redevelopment Law into a Low and Moderate Income
Housing Fund as a result of the obligations it has approved in
connection with various projects, programs and activities in
order to provide for the orderly and timely completion of the
Redevelopment Plan as it existed prior to January 1, 1986; and
Ce
That in order to carry out the orderly completion of the
Redevelopment Plan the Agency has heretofor approved certain
specific public and private projects, programs and activities,
as hereinafter described which constitute evidence of the
Agency's intent to implement the Redevelopment Plan; and
That the Agency believes that the redevelopment pursuant to the
Town Center Redevelopment Plan continues to be and is in the
best interests of the City of Tustin and the health, safety,
morals and welfare of its residents, and in accord with the
public purposes and provisions of applicable State and local law
and requirements.
The following projects, programs and activities approved prior to
January 1, 1986, by the Community Redevelopment Agency of the City of
Tustih, California, in connection with the Town Center Redevelopment
Project are:
Ae
Potential expansion and rfenovatton of commercial centers to
include: expansion of existing lease space; construction of new,
mixed use, structures; construction of parking structure(s); and
the possible abandonment of public streets; Agency assistance
may be required for construction of necessary off-site
improvements or other financing assistance and restoration and
expansion of an adjacent residential apartment complex.
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Resolution No. RDA 86-11
page two
Owner Participation Agreement, as approved, c°mmitting $439,000
for off-site improvements required in conjunction with the
development of a 130,000 + square foot retail/office complex
within the Town Center Project area (Carver Development).
The five year capital improvement program budget adopted for
fiscal year 1985-86, totalling $1,880,100.
D. Undetermined costs associated with street improvement plans
recommended by the Planning Commission in conjunction with the
First Street Specific Plan.
E. Negotiations underway for acquisition o~ real property within
the project area for the purposes of redevelopment of
non-conforming structures and sites. Such acquisition is
consistent with the goals and objectives of the adopted
Redevelopment Plan.
"Policy of the Redevelopment Agency for the Allocation of
Housing Assistance Funds" as adopted on January 7, 1985.
Agency participation in the construction and operation of a
Senior Citizens Center.
The commtttment of Agency funds to the expansion of civic center
facilities as recommended by .space needs study commissioned by
the Agency.
Formulation and implementation of a multi-phase strategy plan
for the redevelopment of the downtown business district.
Owner Participation Agreement, as approved, committing $36,000
for improvements required in conjunction with the Plaza
LaFayette Project (Newport at Irvine).
III. The Secretary is authorized and directed to send a copy of this
Resolution to the Department of Housing and Community Development.
PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency held on
the day of , 1986. .
DONALD JJ SALTARELLI
Chairman
MARY E. WYNN
Secretary