Loading...
2018 03 14 HCt(vQa 0 (r(V — GEM of the DESERT — HC agendas and staff reports are now available on the City's web page: www.laquintaca.gov HOUSING COMMISSION AGENDA CITY HALL STUDY SESSION ROOM 78-495 Calle Tampico, La Quinta dig 111 Z14.917_VAu►_1:14:F1«IIJt:F_A 9.1PIQ au► CALL TO ORDER ROLL CALL: Commissioners Davidson, Johnson, Long, McDonough, and Chairperson Rogers PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the Housing Commission on any matter not listed on the agenda. Please complete a "Request to Speak" form and limit -your comments to three minutes. The Housing Commission values your comments; however in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by GC 54954.2(b). CONFIRMATION OF AGENDA ANNOUNCEMENT, PRESENTATIONS, AND WRITTEN COMMUNICATION 1. UPDATE ON PUBLIC SAFETY CAMERA SYSTEM REVIEW CONSENT CALENDAR 1. APPROVE MINUTES OF JANUARY 10, 2018 2. RECEIVE AND FILE THE FISCAL YEAR 2016/17 SECTION 34328 LA QUINTA HOUSING AUTHORITY ANNUAL REPORT FOR PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE HOUSING COMMISSION AGENDA 1 March 14, 2018 3. RECEIVE AND FILE HOUSING SUCCESSOR ANNUAL REPORT FOR FISCAL YEAR 2014/15 REGARDING THE LOW AND MODERATE INCOME HOUSING ASSET FUND PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 34176.1 (F) FOR THE LA QUINTA HOUSING AUTHORITY BUSINESS SESSION 1. RECOMMEND DECLARATION OF FOUR HOUSING AUTHORITY PARCELS AS NOT REQUIRED FOR FORESEEABLE NEEDS AND AUTHORIZATION TO DISPOSE PURSUANT TO STATE LAW HEALTH AND SAFTEY CODE SECTION 34315.7 STUDY SESSION - NONE DEPARTMENTAL REPORTS - NONE REPORTS AND INFORMATIONAL ITEMS - NONE COMMISSIONERS' ITEMS ADJOURNMENT The next regular quarterly meeting of the La Quinta Housing Commission will be held on June 13, 2018, commencing at 6:00 p.m., at the La Quinta Study Session Room, 78-495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Angela Ferreira, Housing Coordinator of the La Quinta Housing Commission of the City of La Quinta, do hereby declare that the foregoing Agenda for the Housing Commission Meeting was posted on the City's website, and near the entrance to the Council Chambers at 78-495 Calle Tampico, and the bulletin boards at the Stater Brothers Supermarket at 78-630 Highway 111, and the La Quinta Cove Post Office at 51-321 Avenida Bermudas, on March 8, 2018. DATED: March 8, 2018 Angela Ferreira, Housing Coordinator City of La Quinta, California HOUSING COMMISSION AGENDA 2 March 14, 2018 PUBLIC NOTICES The La Quinta City Study Session Room is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk's office at 777-7103, twenty-four (24) hours in advance of the meeting and accommodations will be made. If special electronic equipment is needed to make presentations to the Commission, arrangements should be made in advance by contacting the City Clerk's office at 777-7103. A one (1) week notice is required. If background material is to be presented to the Commission during a Housing Commission meeting, please be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the Secretary for distribution. It is requested that this take place prior to the beginning of the meeting. Any writings or documents provided to a majority of the Commission regarding any item(s) on this agenda will be made available for public inspection at The Hub counter at City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal business hours. HOUSING COMMISSION AGENDA 3 March 14, 2018 CONSENT CALENDAR ITEM NO. 1 HOUSING COMMISSION MINUTES WEDNESDAY, JANUARY 10, 2018 A special meeting of the Housing Commission was called to order at 6:00 p.m. by Chairperson Rogers. PRESENT: Commissioners Davidson, Johnson, Long, McDonough, and Chairperson Rogers ABSENT: None PLEDGE OF ALLEGIANCE Chairperson Rogers led the audience in the pledge of allegiance. PUBLIC COMMENT ON MATTERS NOT ON AGENDA - None CONFIRMATION OF AGENDA - Confirmed ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS 1. HISTORY OF HOUSING IN LA QUINTA City Manager Spevacek provided an overview on La Quinta's affordable housing history, current investments, and the City's future plans. CONSENT CALENDAR 1. APPROVE MINUTES OF DECEMBER 13, 2017 Motion - A motion was made and seconded by Commissioners Long/McDonough to approve the Consent Calendar as recommended. Motion passed unanimously. BUSINESS SESSION - None STUDY SESSION - None DEPARTMENTAL REPORTS - None REPORTS AND INFORMATIONAL ITEMS - None HOUSING COMMISSION MINUTES 1 JANUARY 10, 2018 SPECIAL MEETING COMMISSIONERS' ITEMS Chairperson Rogers recommended staff provide a help -hot-line for residents in affordable housing developments allowing them to report any issues and challenges they experience. Business Analyst Villalpando noted that the City contracts with the Fair Housing Council of Riverside County, which provides services to ensure Fair Housing laws are upheld. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Davison/McDonough to adjourn this meeting at 7:29 p.m. Motion passed unanimously Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California HOUSING COMMISSION MINUTES 2 JANUARY 10, 2018 SPECIAL MEETING CONSENT CALENDAR ITEM NO. 2 City of La Quinta HOUSING COMMISSION MEETING: March 14, 2018 STAFF REPORT AGENDA TITLE. RECEIVE AND FILE THE LA QUINTA HOUSING AUTHORITY ANNUAL REPORT FOR FISCAL YEAR 2016/17 PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 34328 RECOMMENDATION Receive and file the Fiscal Year 2016/17 La Quinta Housing Authority Annual Report. EXECUTIVE SUMMARY • California Health and Safety Code Section 34328 requires the Housing Authority (Authority) to prepare and file an Annual Report (Report). • The Report (Attachment 1) presents all Authority activities for 2016/17. The Report will be posted on the City's website and filed with the City Clerk. FISCAL IMPACT - None. BACKGROUND/ANALYSIS The Report reviews the Authority's assets, budget, housing unit compliance, and affordable housing activities during 2016/17, and includes the following findings: • No bonds were issued nor were any affordable housing commitments made. • The Authority did not undertake any land transactions or development activities. • The Authority remains in compliance with the Housing Affordability requirement wherein 48 percent of 1232 total Authority assisted rental units are available to persons of very -low income. • The Authority has 5 sewer subsidy loans, 399 silent second trust deed loans, and 1 residential rehabilitation loan, all of which provide affordability covenants and are monitored for compliance. • The Authority did not issue any domestic violence related termination notices. ALTERNATIVES As this is a receive and file action no alternatives are presented. Prepared by: Angela Ferreira, Management Specialist Approved by: Gilbert Villalpando, Business Analyst Attachment: 1. La Quinta Housing Authority Annual Report La Quinta Housing Authority Fiscal Year 2016-17 Annual Report ft- - it, — t 4pe � � ��f«�liill�iL'� ► �\ INTRODUCTION About This Annual Report SUMMARY California Health and Safety Code ("HSC") Section 34328 states that "at least once a year, an authority shall file with the clerk of the respective city or county and with the Department of Housing and Community Development ("HCD") a report of its activities for the preceding year"("Annual Report"). This Annual Report for the La Quinta Housing Authority ("Authority") covers all the activities that have occurred during the 2016-17 Fiscal Year ("FY"), including housing unit compliance with affordability requirements, activities concerning existing debt obligations, as well as land transactions and development. LEGAL AUTHORITY It is the intent of the State legislature that housing authorities function as local entities with the primary responsibility of providing housing for very low and low income households. As such, housing authorities are distinct, autonomous, legal entities that derive their powers from State statute. The HSC, beginning with Section 34200, provides for the functioning of a local housing authority through a resolution of the local governing body. In the case of the City of La Quinta ("City"), the City Council of the City of La Quinta ("City Council") resolved that the Authority could exercise its powers. The resolution adopted by the City Council must be accompanied by a finding that either of the following is true: (1) unsanitary or unsafe housing exists in the city or (2) there is a shortage of safe or sanitary housing available to persons of low income. On September 15, 2009, the City Council adopted Resolution No. 2009-005, confirming that both aforementioned findings have been met to establish a housing authority in accordance with the California Housing Authorities Law (Health and Safety Code Section 34200, et. seq.). The Authority adopted Bylaws and Rules of Procedure on October 6, 2009 by Resolution HA 2009-001, which was amended by the Authority on April 15, 2014. ABx1 26 dissolved redevelopment agencies in California effective February 1, 2012. Health and Safety Code Section 34176(b)(2) allows the local housing authority to assume all rights, powers, assets, liabilities, duties, and obligations associated with the housing activities of a dissolved redevelopment agency. On January 17, 2012, the La Quints Housing Authority adopted resolution HA 2012-002, electing to be the "housing successor" to the dissolved La Quinta Redevelopment Agency. Health and Safety Code Section 34179 requires the formation of oversight boards to approve transactions related to former redevelopment agencies. The Oversight Board of the Successor Agency to La Quinta Redevelopment Agency was established on March 7, 2012. The Oversight Board subsequently approved the transfer of affordable housing properties to the La Quinta Housing Authority on April 18, 2012 via resolutions OB 2012-008 and OB 2012-009. OBJECTIVES OF THE HOUSING AUTHORITY The Authority was established to own rental properties in the City of La Quinta that were scheduled for substantial rehabilitation, and to hold title to vacant properties that will be developed with single and multi -family housing. A detailed inventory of Authority properties is presented in Tables 1a, 1b, and 1c. The Authority contracts with private entities to manage the occupied properties. The Authority's objectives are: To provide safe and sanitary housing opportunities for La Quinta residents; To rehabilitate properties that exhibit unsafe or unhealthy characteristics; and To increase, improve, and preserve the community's affordable housing stock. CONTENTS OF THE HOUSING AUTHORITY'S ANNUAL REPORT This Annual Report has been developed to: • To summarize the Authority's activities during FY 2016-17, including any bond issuances, and loan or finance agreements that the Authority has entered into; • To show compliance with requirements of HSC Section 34312.3 such as the minimum amount of housing units affordable to lower income in projects assisted by the Authority, and document established base rents and/or maximum rental payments for lower income households; and • To document any domestic violence tenancy or Section 8 voucher termination as required by HSC Section 34328.1. HOUSING AUTHORITY DEBT OBLIGATIONS Pursuant to HSC Section 34328.1, the Authority must provide a complete report of all bond, loan and financing agreement transactions during the prior fiscal year. Authority activities permitted by HSC Section 34312.3 include issuing bonds, loans and financing agreements for multi -family rental housing projects. The Authority did not issue any bonds, make or undertake commitments, or purchase or undertake any commitments associated to affordable housing in FY 2016-17. LAND TRANSACTIONS AND DEVELOPMENT HSC Section 34312.3 permits housing authorities to undertake activities related to: • The development, rehabilitation, or financing of housing projects; • The purchase, sale, lease, ownership, operation, or management of housing projects assisted by the Authority; conveyance of surplus lands to a developer for permitted purposes; and • Establish a special trust fund or account funded with bond proceeds or developer funds. During FY 2016-17, the Housing Authority did not undertake any land transactions or development activities. HOUSING AUTHORITY ASSETS Housing Authority assets include real property assets owned or managed by the Authority, and include a breakdown of the current and anticipated income levels at each property where applicable. All Real Property Assets are shown on Table 1a and 1b. A summary of the seven (7) long-term loans made by the former La Quinta Redevelopment Agency to affordable housing developers is provided in Table 1c. These loans have been assumed by the Authority due to redevelopment dissolution. Real Property Inventory Table la La Quinta Housing Authority Project Name Parcel Nos. Description Unit Breakdown Very Low Low Moderate Above Mod. Total (550%AMI) (580%AMI) (:5120%AMI) (>120°/AMI) Senior/Special Needs multi- 1 Washington Street Apartments 609-040-007, 023 family rental property in 96 2 98 process of rehabilitation 2 Vacant Land Adjacent to Washington Street 609-040-028 Senior rental property in 42 42 Apartments (future project) process of development 3 Coral Mountain Apartments 600-020-055 Ground Lease Please see Table 1 D 4 Dune Palms at Westward Ho Apartments 600-030-004, 020, Land holding TBD (future project) 021 5 Vacant Land - Calle Tamazula 770-174-002 Land holding TBD 6 Vacant Land - NWC Avenida Herrera/Calle 773-223-022 Land holding TBD Sonora 7 Vacant Land - Avenida Villa 773-233-019 Land holding TBD 8 Vacant Land - Avenida Navarro 773-234-015 Land holding TBD 9 Vacant Land - NWC Avenida Navarro/Calle 773-144-025 Land holding TBD Sinaloa 10 Vacant Land - Avenida Navarro 773-145-010 Land holding TBD 11 Vacant Land - NEC Avenida Navarro/Calle 773-145-011 Land holding TBD Sinaloa 12 Vacant Land - Avenida Bermudas 773-145-022 Land holding TBD 13 Vacant Land - NWC Avenida 773-145-023 Land holding TBD Bermudas/Calle Sinaloa TOTAL 96 44 0 0 140 Real Property Inventory Table 1b La Quinta Housing Authority Project Name Parcel Nos. Description Unit Breakdown Very Low Low Moderate Above Mod. Total (550%AMI) (580%AMI) (5120%AMI) (>120%AMI) Cove Rental Homes Listed Below Single-family rental units 28 28 1 51-395 Calle Kalima 770-166-019 2 51-395 Avenida Vallejo 773-083-021 3 51-805 Avenida Cortez 773-152-015 4 52-225 Avenida Vallejo 773-222-022 5 52-425 Eisenhower Drive 773-265-020 6 52-635 Avenida Diaz 773-281-020 7 52-565 Eisenhower Drive 773-295-017 8 52-985 Avenida Carranza 773-321-013 9 52-855 Avenida Ramirez 773-322-025 10 52-985 Eisenhower Drive 773-326-024 11 52-835 Avenida Villa 773-333-018 12 52-845 Avenida Villa 773-333-019 13 53-105 Avenida Obregon 774-044-017 14 53-155 Avenida Obregon 774-044-020 15 53-175 Avenida Obregon 774-044-021 16 53-105 Avenida Herrera 774-053-017 17 53-275 Avenida Navarro 774-094-014 18 53-565 Avenida Vallejo 774-122-016 19 53-523 Avenida Martinez 774-131-013 20 53-541 Avenida Martinez 774-131-014 21 53-825 Avenida Juarez 774-143-017 22 53-965 Avenida Diaz 774-151-023 23 53-775 Avenida Alvarado 774-153-014 24 53-795 Avenida Herrera 774-163-015 25 53-880 Avenida Navarro 774-175-007 26 53-940 Eisenhower Drive 774-171-010 27 54-245 Avenida Herrera 774-213-023 28 54-280 Avenida Madero 774-232-032 TOTAL 28 0 0 0 28 Long Term Loans Table 1c La Quinta Housing Authority Project Name Description Developer Loan Amount 1 Mountain View Apartments Multi -Family Rental Pat & Lora Dean Dolce $350,000 2 Aventine Apartments Multi -Family Rental Spanos Corporation $217,723 4 Wolff Waters Place Multi -Family Rental Coachella Valley Housing Coalition $30,147,938 5 Coral Mountain Apartments Multi -Family Rental Coral Mountain Partners, LLC $29,000,000 6 Seasons Senior Apartments Senior Rental Linc Housing $2,112,847 7 Hadley Villas Senior Rental Senior Affordable Housing Corp. No. 3 $887,000 HOUSING UNIT COMPLIANCE As set forth by HSC Sections 34328 and 34328.1, housing authorities are required to: • Show compliance with requirements of HSC Section 34312.3 such as the minimum amount of housing units affordable to lower income in projects assisted by the Authority, and document established base rents and/or maximum rental payments for lower income households; and Document any domestic violence tenancy or Section 8 voucher termination as required by HSC Section 34328.1. The following subsections provide a summary of the Authority's progress toward the requirements listed above. Housing Affordability Requirement The authority shall require the owners of housing projects assisted pursuant to this section to accept as tenants, on the same basis as all other prospective tenants, in the units reserved for very low income households, any very low income households who are recipients of federal certificates for rent subsidies pursuant to the existing program under Section 8 of the United States Housing Act of 1937 (42 U.S.C. Sec. 14370, or its successor. The authority shall not permit a selection criteria to be applied to Section 8 certificate holders that is any more burdensome than the criteria applied to all other prospective tenants. No resident in housing units assisted pursuant to this section shall be denied continued occupancy or ownership because, after admission, the resident's family income increases to exceed the eligibility level. However, the authority shall ensure that percentage requirements of this section shall continue to be met by providing the next available unit or units to persons of low income or by taking other actions to satisfy the percentage requirements of this section. Table 2 provides a summary of the Authority assumed enforcement responsibility for affordability covenants within privately -owned, former redevelopment -agency properties. Table 2 shows how the current affordability mix of the Housing Authority's assisted projects meet established requirements within HSC Section 34312.3. The Authority has 5 sewer subsidy loans, 399 silent second trust deed loans, and 1 residential rehabilitation loan, all of which provide affordability covenants on these properties. Sewer subsidy and silent second trust deed loans are not repaid unless there is a default on affordability covenants. Interest assessed only if there is a default on affordability covenants. (Due to the length of this list, it is attached as an appendix to this report.) Affordable Housing Covenants Table 2 La Quinta Housing Authority Project Name Description Address Unit Breakdown Very Low Low Moderate Above Mod. Total (:550%AMI) (:580%AMI) (:5120%AMI) (>120%AMI) 1 Aventine Apartments Multi -Family Rental 47-750 Adams 10 10 20 2 Hadley Villas Senior Rental 78-875 Avenue 47 79 79 3 Seasons Senior Apartments Senior Rental 50-915 Rainbow Court 54 38 92 4 Miraflores Senior Apartments Senior Rental 47-747 Gertrude Way 70 48 118 5 Mountain View Apartments Multi -Family Rental 51-020 Eisenhower 14 14 6 Vista Dunes Courtyard Homes Multi -Family Rental 44-950 Vista Dunes Lane 79 1 80 7 Wolff Waters Place Multi -Family Rental 47-795 Dune Palms Road 216 2 218 8 Coral Mountain Apartments Multi -Family Rental 79-625 Vista Coralina Lane 36 138 2 176 9 Habitat for Humanity Home/Ownership Single Family 53220 Avenida Alvarado 1 1 10 Habitat for Humanity Home/Ownership Single Family 53240 Avenida Alvarado 1 1 11 Cove Rental Homes Single Family See Table 1 b 28 28 14 Residential Rehabilitation Loan Single Family See Table 5 1 1 12 Silent Second Trust Deed Loans Single Family See Table 5 27 211 161 399 13 Sewer Subsidy Loans Single Family See Table 7 1 4 0 5 TOTAL 592 450 190 0 1232 Base & Maximum Rents The Housing Authority monitors to ensure compliance of rental payments charged for its housing units and will make necessary adjustments to bring any rental payments that exceed the listed amounts in Table 3 into compliance. Table 3 2017 State Income Limits for Riverside County (RDA) Number of Persons in Household # of Persons 1 2 3 4 5 6 7 8 120% of Median $ 54,600 $ 62,400 $ 70,200 $ 78,000 $ 84,250 $ 90,500 $ 96,700 $ 102,950 100% of Median $ 45,500 $ 52,000 $ 58,500 $ 65,000 $ 70,200 $ 75,400 $ 80,600 $ 85,800 80% of Median $ 37,550 $ 42,900 $ 48,250 $ 53,600 $ 57,900 $ 62,200 $ 66,500 $ 70,800 50% of Median $ 23,450 $ 26,800 $ 30,150 $ 33,500 $ 36,200 $ 38,900 $ 41,550 $ 44,250 30% of Median $ 14,100 $ 16,100 $ 20,160 $ 24,300 $ 28,440 $ 32,580 $ 36,730 $ 40,890 2017 State Rent Limits for Riverside County- Provided owner pays all utilities Unit Size 30% of Median 50% of Median 60% - 80% of Median 120% of Median Studio $341 $569 $683 $1,251 One -Bedroom $390 $650 $780 $1,430 Two -Bedroom $439 $731 $878 $1,609 Three -Bedroom $488 $813 $975 $1,788 Four -Bedroom $527 $878 $1,053 $1,931 Domestic Violence State law requires that a housing authority annually disclose data related to domestic violence incidents in units owned or operated by the housing authority. Specifically, the data must include: • Data on termination of tenancies and/or Section 8 vouchers of victims of domestic violence in housing authority units. • Summary of steps taken by the housing authority to address any termination of tenancies and/or Section 8 vouchers of victims of domestic violence. In Fiscal Year 2016-17, there were no terminations of tenancies or Section 8 vouchers of victims of domestic violence in units owned or operated by the Authority. In the future, information on any terminations of victims of domestic violence will be presented under separate cover to protect the privacy of the parties involved. AUTHORITY BUDGET Table 4 presents the Authority's estimated expenditures for FY 2016-17 as well as the estimated budget for FY 2017-18. Estimated Budget Table 4 La Quinta Housing Authority FY 16/17 FY 17/18 Estimated Requested Actual Budget PERSONNEL $43,810 $102,000 Salaries -Permanent Full Time $29,810 $63,400 Commissions and Boards $750 $3,000 Benefits $13,250 $35,600 SUPPLIES & SERVICES $122,359 $131,400 Contract Services $107,545 $100,000 Printing $0 $0 Training $1,814 $1,000 Legal advertising for Housing Commission $0 $0 Membership Dues $0 $0 Office Supplies $0 $2,000 Other -Insurance $13,000 $28,400 DEBT SERVICE $191,628 $192,600 Interest Expense - Provident $107,883 $109,100 Interest Expense - USDA/WSA $17,120 $17,000 Principal Payment - Provident $45,375 $45,300 Principal Payment - USDA $21,250 $21,200 HOUSING DEVELOPMENT PROGRAM $680,869 $766,100 La Quinta Rental Program $680,869 $766,100 TOTAL $1,038,666 $1,192,100 F TABL Property Address APN Unit Size (bdrms) Date of Completion (Cofo) Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date (most recent) 51-810 Ave. Alvarado 773 163 003 3 4-Feb-2003 6-Mar-2003 2003-16114 6-Mar-2048 NA 51-815 Ave. Alvarado 773 162 015 4 10-Mar-1988 30-Sep-1998 421168 [1998] 30-Sep-2028 10/5/2004 52-085 Ave. Alvarado 773 213 015 3 20-Jun-1988 20-Au -1999 1999-376465 20-Au -2029 NA 52-845 Ave. Alvarado 773 313 018 3 18-Apr-2002 10-Jun-2002 2002-314061 10-Jun-2047 4/29/2005 53-195 Ave. Alvarado 774 043 022 3 19-Feb-1988 19-Oct-2004 2004-0875799 19-Oct-2049 NA 53-220 Ave. Alvarado 774-044-011 3 2011 2-Feb-2018 2018-0043391 8-Feb-2063 NA 53-240 Ave. Alvarado 774-044-12 4 2011 8-Sep-2017 2017-0374719 8-Sep-2062 NA 53-620 Ave. Alvarado 774 114 004 4 4-Jun-2003 9-Jul-2003 2003-509669 9-Jul-2048 NA 53-760 Ave. Alvarado 774 154 002 3 1999 5-Jan-2000 2000-003383 5-Jan-2030 NA 53-785 Ave. Alvarado 774 153 015 3 9-Aug-2002 21-Au -2002 2002-464180 21-Au -2047 NA 54-840 Ave. Alvarado 774 293 005 3 19-Sep-2001 5-Dec-2001 2001-600547 5-Dec-2031 11/1/2017 51-535 Ave. Bermudas 773 145 015 4 16-Jan-2002 8-Feb-2002 2002-073249 8-Feb-2032 NA 51-705 Ave. Bermudas 773 145 019 3 28-Nov-2000 22-Dec-2000 2000-510918 22-Dec-2030 NA 51-945 Ave. Bermudas 773 184 022 3 1-Dec-1992 29-Dec-1998 563328 [1998] 29-Dec-2028 NA 51-985 Ave. Bermudas 773 184 024 3 12-Jan-2001 30-Jan-2001 2001-039597 30-Jan-2031 NA 52-165 Ave. Bermudas 773 235 019 3 21-Feb-2002 20-Mar-2002 2002-141561 20-Mar-2047 7/29/2005 52-205 Ave. Bermudas 773 235 021 3 17-Jan-2003 31-Jan-2003 2003-076561 31-Jan-2048 NA 52-445 Ave. Bermudas 773 275 020 3 16-Sep-1993 1-Oct-1993 387089 1993 1-Oct-2033 3/28/2003 52-050 Ave. Carranza 773-221-001 3 7-Jun-2011 19-Jul-2012 2012-0338014 19-Jul-2057 NA 52-380 Ave. Carranza 773 261 008 4 1979 15-A r-1997 127934 1997 15-A r-2027 NA 52-475 Ave. Carranza 773 285 013 3 1979 12-Dec-2011 2011-0547500 12-Dec-2056 NA 52-800 Ave. Carranza 773 322 003 3 15-Jun-1999 10-Sep-1999 1999-08449 10-Sep-2029 NA 52-965 Ave. Carranza 773 321 011 3 1988 29-Dec-2004 2004-1028966 10-Dec-2049 NA 53-195 Ave. Carranza 774 045 021 3 1989 30-Jun-2006 2006-0476282 30-Jun-2051 NA 54-120 Ave. Carranza 774 211 006 3 11-Jul-2011 31-Ma -2012 2012-0252283 31-Ma -2057 NA 54-845 Ave. Carranza 774 294 017 3 26-Jan-2003 11-Jul-2003 2003-518291 11-Ju1-2048 NA 51-590 Ave. Diaz 773 121 002 3 19-Mar-2003 3-Apr-2003 2003-236346 3-Apr-2048 12/13/2007 51-610 Ave. Diaz 773 121 003 3 15-Jul-2003 31-Jul-2003 2003-578621 31-Ju1-2048 NA 52-250 Ave. Diaz 773 252 002 3 15-Feb-2002 21-Mar-2002 2002-145090 21-Mar-2047 NA 52-575 Ave. Diaz 773 281 016 3 15-Feb-1978 11-Sep-1 998 387949 1998 11-Se -2028 NA 52-608 Ave. Diaz 773 282 005 3 1979 8-Apr-2011 2011-0157264 8-Apr-2056 2/22/2017 52-625 Ave. Diaz 773 281 019 3 30-Sep-1999 29-Oct-1999 1999-478426 29-Oct-2029 NA 52-645 Ave. Diaz 773 281 021 3 13-Jun-1988 18-Jun-2002 2002-332780 18-Jun-2047 NA 54-175 Ave. Diaz 774 194 021 3 29-Feb-1980 15-Oct-1998 44607 [1998] 15-Oct-2028 NA Property Address APN Unit Size Date of Completion CofO Date of Recordation County Recorder Doc # Duration of Covenants Assumption Date most recent 51-530 Ave. Herrera 773 133 002 3 29-Mar-2002 8-Ma -2002 2002-241302 8-Ma -2047 NA 51-614 Ave. Herrera 773 133 005 3 1978 15-Jul-1997 249008 1997 15-Jul-2027 NA 51-785 Ave. Herrera 773 172 014 3 28-Aug-2001 17-Se -2001 2001-449104 17-Se -2031 1/18/2006 51-805 Ave. Herrera 773 172 015 3 21-Aug-1998 2-Dec-1998 523128 [1998] 2-Dec-2028 NA 51-825 Ave. Herrera 773 172 016 3 21-Aug-1998 18-Se -1998 399329 1998 18-Se -2028 9/26/2011 51-965 Ave. Herrera 773 172 023 3 1996 24-Jul-1997 261872[1997] 24-Jul-2027 8/16/2004 51-975 Ave. Herrera 773 172 024 3 20-Jun-1997 23-Jul-1997 259290 [1997] 23-Jul-2027 NA 52-690 Ave. Herrera 773 294 010 3 23-Oct-1989 2-Ma -2000 2000-163729 2-Ma -2030 NA 52-930 Ave. Herrera 773 325 010 3 18-Jul-2001 2-Au -2001 2001-363999 2-Au -2031 NA 52-940 Ave. Herrera 773 325 011 3 18-Jul-2001 6-Au -2001 2001-369330 6-Au -2031 NA 53-035 Ave. Herrera 774 053 013 3 6-Jun-2003 27-Jun-2003 2003-478706 27-Jun-2048 10/24/2007 53-055 Ave. Herrera 774 053 014 4 6-Jun-2003 27-Jun-2003 2003-478701 27-Jun-2048 NA 53-385 Ave. Herrera 774 083 018 3 14-Mar-2002 5-Apr-2002 2002-176110 5-Apr-2047 6/15/2015 53-495 Ave. Herrera 774 083 022 4 6-Nov-1987 21-Mar-2000 2000-101840 21-Mar-2030 N/A 53-555 Ave. Herrera 774 123 015 3 18-Jul-2003 1-Au -2003 2003-586642 1-Au -2048 NA 53-640 Ave. Herrera 774 124 008 3 29-Jul-2003 26-Nov-2003 2003-932184 26-Nov-2048 NA 53-880 Ave. Herrera 774 164 009 4 30-Dec-1977 30-Jun-1997 229976 1997 30-Jun-2027 NA 51-905 Ave. Juarez 773 154 020 3 22-Nov-2000 6-Dec-2000 2000-484537 6-Dec-2030 NA 51-930 Ave. Juarez 773-155-009-7 3 2000 30-Oct-2001 2001-533511 30-Oct-2031 NA 52-300 Ave. Juarez 773 251 002 3 13-Jan-2000 15-Feb-2000 2000-055208 15-Feb-2030 NA 53-385 Ave. Juarez 774 034 019 3 15-Dec-2000 22-Dec-2000 2000-509883 22-Dec-2030 NA 54-495 Ave. Juarez 774 232 031 3 16-Nov-1977 9-Jun-1997 202152 [1997] 9-Jun-2027 NA 79-435 Ave. Las Palma 604-460-001 3 25-Jul-2001 20-Mar-2002 2002-141339 20-Mar-2047 11/15/2013 51-920 Ave. Madero 773 154 009 3 12-Oct-2001 26-Oct-2001 2001-526313 26-Oct-2031 6/4/2004 53-380 Ave. Madero 774 034 007 3 10-Sep-1998 30-Mar-2005 2005-0249333 15-Mar-2050 3/24/2005 53-790 Ave. Madero 774 143 002 3 30-Mar-1993 31-Jan-2002 2002-059809 31-Jan-2032 NA 51-552 Ave. Martinez 773 142 004 3 31-May-2002 27-Jun-2002 2002-354182 27-Jun-2032 NA 52-365 Ave. Martinez 773 271 016 3 23-Oct-1989 30-Ma -2001 2001-239124 30-Ma -2031 NA 52-600 Ave. Martinez 773 302 004 3 6-Dec-1993 29-Dec-1993 52660 1993 29-Dec-2033 NA 53-045 Ave. Martinez 774 061 014 4 14-Aug-2002 10-Sep-2002 2002-502324 10-Sep-2047 NA 53-300 Ave. Martinez 774 092 003 4 7-May-2003 15-Au -2003 2003-629492 5-Au -2048 NA 53-340 Ave. Martinez 774 092 005 3 25-Jul-2003 11-Au -2003 2003-610114 11-Au -2048 NA 53-380 Ave. Martinez 774 092 007 3 30-May-2003 3-Jul-2003 1 2003-497914 1 3-Jul-2048 NA Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 53-425 Ave. Martinez 774 091 021 3 3-Oct-2001 5-Nov-2001 2001-546740 5-Nov-2031 NA 53-436 Ave. Martinez 774 092 011 3 25-Jul-2003 13-Au -2003 2003-619149 13-Au -2048 NA 53-445 Ave. Martinez 774 091 022 3 21-Sep-2001 20-Dec-2001 2001-633973 20-Dec-2031 NA 53-925 Ave. Martinez 774 171 021 3 12-Dec-1988 29-Sep-2006 2006-0722968 29-Sep-2051 NA 54-015 Ave. Martinez 774 221 014 3 4-Dec-2001 24-Dec-2001 2001-640233 24-Dec-2031 NA 51-720 Ave. Mendoza 773 143 011 3 20-Dec-2001 31-Jan-2002 2002-058389 31-Jan-2032 NA 51-780 Ave. Mendoza 773 182 002 3 18-Aug-1999 31-Aug-1999 1999-393219 31-Au -2029 NA 52-195 Ave. Mendoza 773 232 021 4 1988 8-Dec-2004 2004-0974016 8-Dec-2049 NA 52-445 Ave. Mendoza 773 272 021 3 19-Dec-1994 11-Feb-1998 50109 1998 11-Feb-2028 11/29/2017 52-681 Ave. Mendoza 773-302-020 3 7-Jun-2011 25-Jun-2012 2012-0291690 25-Jun-2057 NA 52-900 Ave. Mendoza 773 333 009 4 21-May-2003 6-Jun-2003 2003-413385 6-Jun-2048 NA 52-935 Ave. Mendoza 773 332 023 3 6-Mar-2002 24-Apr-2002 2002-213080 24-Apr-2047 NA 52-970 Ave. Mendoza 773 333 012 3 10-Oct-2001 26-Oct-2001 2001-526877 26-Oct-2031 10/31/2003 53-060 Ave. Mendoza 774 063 003 3 6-Nov-2003 10-Dec-2003 2003-966850 10-Dec-2048 6/16/2006 53-080 Ave. Mendoza 774 063 004 3 24-Nov-2003 23-Dec-2003 2003-999396 23-Dec-2048 NA 53-175 Ave. Mendoza 774 062 021 4 19-Sep-2001 17-Oct-2001 2001-503965 17-Oct-2031 NA 54-040 Ave. Mendoza 774 223 003 3 14-Sep-2001 28-Sep-2001 2001-471684 28-Sep-2031 7/15/2004 51-780 Ave. Morales 773 152 002 3 12-Jul-1996 6-Ma -1997 155371 [1997] 6-Ma -2027 NA 51-400 Ave. Navarro 773 104 009 3 22-Oct-2002 30-Oct-2002 2002-618003 30-Oct-2047 NA 51-510 Ave. Navarro 773 145 001 3 11-Jan-2002 8-Feb-2002 2002-072232 8-Feb-2032 NA 51-870 Ave. Navarro 773 184 006 3 8-Jan-2002 22-Jan-2002 2002-035156 22-Jan-2032 NA 51-930 Ave. Navarro 773 184 009 3 12-Dec-2001 28-Dec-2001 2001-648898 28-Dec-2031 NA 52-155 Ave. Navarro 773 234 019 3 6-Dec-1993 22-Dec-1993 521256 [1993] 22-Dec-2033 NA 52-355 Ave. Navarro 773 274 016 3 6-Dec-1993 22-Dec-1993 524997 1993 22-Dec-2033 NA 52-385 Ave. Navarro 773 274 018 3 1-Mar-1993 30-Apr-1993 162018 [1993] 30-Apr-2033 NA 53-185 Ave. Navarro 774 064 021 3 1988 28-Ma -2003 2003-380632 28-Ma -2058 NA 53-205 Ave. Navarro 774 064 022 3 14-Mar-1989 14-Jun-2006 2006-0428536 14-Jun-2051 NA 53-645 Ave. Navarro 774-134-017 3 29-Aug-2012 25-Oct-2012 2012-0513298 25-Feb-2057 NA 53-655 Ave. Navarro 774 134 018 3 13-Feb-2001 21-Mar-2001 2001-114889 21-Mar-2031 12/15/2004 53-800 Ave. Navarro 774 175 003 3 7-Aug-2001 28-Sep-2001 2001-474645 28-Sep-2031 10/20/2009 53-835 Ave. Navarro 774 174 017 4 29-Jul-2002 4-Sep-2002 2002-491362 4-Sep-2047 NA 51-785 Ave. Obre on 773 163 014 3 27-Oct-2000 15-Nov-2000 2000-456029 15-Nov-2030 NA 51-925 Ave. Obre on 773 163 020 3 8-May-2003 30-Ma -2003 2003-391677 30-Ma -2048 NA 52-010 Ave. Obre on 773 215 001 3 9-Sep-1996 24-Sep-1996 367376 1996] 24-Sep-2026 NA `[i SINGLE FAMILY OWNERSHIP TABLE 5 COUNTINUED Property Address APN Unit Size Date of Completion Cofo Date of Recordation County Recorder Doc # Duration of Covenants Assumption Date most recent 52-030 Ave. Obregon 773 215 002 3 9-Sep-1996 22-Oct-1996 404700 [1996] 22-Oct-2026 NA 52-355 Ave. Obregon 773 254 016 3 20-Feb-2002 15-Mar-2002 2002-133703 15-Mar-2047 NA 52-440 Ave. Obregon 773 255 009 4 31-Mar-1993 30-Apr-1993 162025 [1993] 30-Apr-2033 NA 52-450 Ave. Obregon 773 255 011 3 2-Feb-2001 23-Feb-2001 2001-073983 23-Feb-2031 5/5/2010 52-585 Ave. Obregon 773 284 017 3 25-Jun-2003 22-Jul-2003 2003-545819 22-Jul-2048 NA 52-880 Ave. Obregon 773 315 007 3 13-Feb-2003 3-Mar-2003 2003-148491 3-Mar-2048 NA 53-230 Ave. Obregon 774 045 011 3 1-Jun-2001 22-Jun-2001 2001-286692 22-Jun-2031 N/A 54-845 Ave. Obregon 774 293 017 4 25-Jul-1988 3-Jul-1997 236840 [1997] 3-Jul-2027 NA 52-120 Ave. Ramirez 773 222 006 3 17-Jan-2001 26-Jan-2001 2001-036310 26-Jan-2031 NA 52-585 Ave. Ramirez 773-291-016 3 10-A r-03 5-Ma -03 2003-319084 5-Ma -2048 NA 52-665 Ave. Ramirez 773 291 020 3 1988 26-Au -2003 2003-658021 26-Au -2048 NA 52-720 Ave. Ramirez 773 292 010 3 13-Jan-2004 3-Feb-2004 2004-0077754 3-Feb-2049 N/A 52-900 Ave. Ramirez 773-323-008 4 1988 14-Dec-2011 2011-pendin 14-Dec-2056 NA 53-785 Ave. Ramirez 774 161 016 4 15-Mar-1990 6-Jul-2007 2007-0442342 6-Jul-2052 NA 54-445 Ave. Ramirez 774 243 022 3 27-Oct-1999 15-Nov-1999 1999-202128 15-Nov-2029 NA 51-800 Ave. Rubio 773 162 003 3 12-Jun-1998 11-Sep-1 998 388025 1998 11-Se -2028 12/13/2002 51-840 Ave. Rubio 773 162 005 3 10-Mar-1998 28-Sep-1998 414304 [1998] 28-Sep-2028 NA 52-105 Ave. Rubio 773 212 015 4 1991 30-Oct-1997 394888 1997 30-Oct-2027 NA 52-160 Ave. Rubio 773 213 008 3 4-Mar-1991 25-Au -1997 306657 [1997] 25-Au -2027 NA 52-445 Ave. Rubio 773 252 020 4 6-Dec-1993 29-Dec-1993 521244 1993 22-Dec-2023 3/17/2004 52-625 Ave. Rubio 773 282 019 3 1988 8-Dec-2005 2005-1014078 8-Dec-2050 NA 52-675 Ave. Rubio 773 282 021 4 15-Dec-1993 28-Au -1998 366309 1998 28-Au -2028 3/24/2003 52-695 Ave. Rubio 773 282 022 3 6-Dec-1993 22-Dec-1993 521232 [1993] 22-Dec-2033 NA 53-125 Ave. Rubio 774 042 018 3 21-Jan-1980 29-Se -2000 2000-383798 29-Se -2030 NA 53-260 Ave. Rubio 774 073 001 3 23-Jul-1990 2-Au -1997 319288 [1997] 2-Au -2027 NA 53-465 Ave. Rubio 774 072 020 3 21-Oct-1999 29-Oct-1999 1999-478724 29-Oct-2029 NA 53-660 Ave. Rubio 774-113-007 3 27-Sep-1993 1-Oct-1993 1993-387077 1-Oct-2033 10/17/2003 53-710 Ave. Rubio 774 113 010 3 1979 23-Mar-2011 2011-0128558 23-Mar-2056 NA 51-460 Ave. Vallejo 773 084 011 3 2-Jul-2003 28-Jul-2003 2003-563863 28-Jul-2048 NA 51-620 Ave. Vallejo 773 132 005 3 7-Apr-1993 3-May-1 993 1993-168669 30-A r-2033 5/4/2001 51-645 Ave. Vallejo 773 131 018 3 7-Jul-2001 16-Nov-2001 2001-568481 1 16-Nov-2031 4/8/2005 iff TABLE 5 COUNTINUED Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 52-020 Ave. Vallejo 773 223 001 3 26-Feb-2002 16-Apr-2002 2002-196523 16-Apr-2047 NA 52-350 Ave. Vallejo 773 263 005 3 28-Mar-2002 2-Ma -2002 2002-232129 2-Ma -2047 NA 52-435 Ave. Vallejo 773 262 020 4 14-Mar-2001 31-Ma -2001 2001-242207 30-Ma -2031 NA 52-455 Ave. Vallejo 773 262 021 3 23-May-2001 2-Jul-2001 2001-302922 2-Jul-2031 9/27/2007 52-660 Ave. Vallejo 773 293 009 3 26-Oct-2001 21-Nov-2001 2001-577957 21-Nov-2031 NA 52-685 Ave. Vallejo 773 292 020 3 1978 5-Au -2011 2011-0344870 5-Au -2056 NA 53-065 Ave. Vallejo 774 052 015 3 8-Dec-1999 22-Dec-1999 1999-552163 22-Dec-2029 NA 53-305 Ave. Vallejo 774 082 015 3 22-Oct-2003 5-Nov-2003 2003-878941 5-Nov-2048 NA 53-760 Ave. Vallejo 774 163 001 3 1989 18-Au -2006 2006-0610282 18-Au -2051 NA 53-780 Ave. Vallejo 774 163 002 3 15-Sep-1989 3-Jul-2003 2003-497765 3-Jul-2048 NA 54-900 Ave. Vallejo 774 302 025 3 6-Nov-1987 31-Oct-1996 2003-046339 31-Oct-2026 NA 51-325 Ave. Velasco 773 085 016 3 21-Nov-2000 14-Dec-2000 2000-497628 14-Dec-2030 NA 51-580 Ave. Velasco 773 134 003 3 14-Sep-2000 29-Se -2000 2000-385500 29-Se -2030 NA 51-800 Ave. Velasco 773 174 003 3 6-Feb-2001 7-Mar-2001 2001-091944 7-Mar-2031 NA 51-880 Ave. Velasco 773 174 007 4 14-May-2001 8-Jun-2001 2001-256879 8-Jun-2031 NA 52-080 Ave. Velasco 773 225 004 3 19-JU1-1999 30-Jul-1999 1999-343577 30-Jul-2029 NA 52-100 Ave. Velasco 773 225 005 3 19-Jul-1999 13-Au -1999 1999-364771 13-Au -2029 NA 52-120 Ave. Velasco 773 225 006 4 19-JU1-1999 4-Au -1999 1999-348729 4-Au -2029 NA 52-280 Ave. Velasco 773 265 003 3 1979 11-Mar-2011 2011-0112250 11-Mar-2056 NA 52-325 Ave. Velasco 773 264 015 3 4-Feb-2002 22-Feb-2002 2002-093348 22-Feb-2032 NA 52-680 Ave. Velasco 773 295 010 3 7-Jul-2005 8-Jul-2005 2005-0545192 7-Jul-2050 NA 52-700 Ave. Velasco 773 295 011 3 9-Jun-2005 5-Jul-2005 2005-0531056 5-Jul-2050 12/8/2006 52-760 Ave. Velasco 773 326 001 3 25-Jul-2002 7-Dec-2001 2001-608559 7-Dec-2031 NA 52-848 Ave. Velasco 773 326 005 3 3-Dec-1992 3-May-1 993 163730 [1993] 3-Ma -2033 9/26/2002 52-865 Ave. Velasco 773 325 019 3 6-Dec-1993 29-Dec-1993 1993-521251 29-Dec-2033 NA 53-140 Ave. Velasco 774 055 006 3 11-Mar-2003 10-Apr-2003 2003-250853 10-Apr-2048 NA 54-160 Ave. Velasco 774 215 008 3 13-Sep-2001 26-Se -2001 2001-465723 26-Se -2031 NA 54-300 Ave. Velasco 774 252 004 3 2-Jul-1989 1-Jul-2005 2005-0526838 1-Jul-2050 NA 51-685 Ave. Villa 773 143 021 3 6-Jan-2002 31-Jan-2002 2002-059795 31-Jan-2032 NA 51-805 Ave. Villa 773 182 015 3 10-Jul-2002 31-Oct-2002 2002-623927 31-Oct-2047 NA 52-412 Ave. Villa 773 274 009 3 13-Aug-1997 1-Mar-2002 2002-108671 1-Mar-2032 9/17/2007 52-810 Ave. Villa 773 334 004 3 1-Nov-2001 30-Ma -2003 2003-391265 30-Ma -2048 NA 52-885 Ave. Villa 773 333 021 3 7-Mar-1979 27-Au -1998 361307 [1998] 27-Au -2028 NA 52-950 Ave. Villa 773 334 011 3 11-Dec-2000 22-Dec-2000 2000-511035 22-Dec-2030 NA 53-080 Ave. Villa 1 774 064 003 1 4 25-Nov-1998 7-Jul-2006 2006-0498625 7-Jul-2051 NA 53-100 Ave. Villa 1 774 064 004 1 3 1 19-Jul-2007 14-Sep-2007 1 2007-0584160 1 14-Sep-2052 NA W, SINGLE FAMILY OWNERSHIP TABLE 5 COUNTINUEDI a Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 53-145 Ave. Villa 774 063 019 3 20-Mar-2003 5-Nov-2003 2003-878934 5-Nov-2048 NA 53-175 Ave. Villa 774 063 021 3 20-Mar-2003 20-Jun-2003 2003-458254 20-Jun-2048 NA 53-189 Ave. Villa 774 063 022 3 20-Mar-2003 11-Apr-2003 2003-256273 11-Apr-2048 NA 53-820 Ave. Villa 774 174 004 4 16-Mar-1995 11-Sep- 1998 387975 1998 11-Se -2028 NA 53-880 Ave. Villa 774 174 007 3 3-Dec-1992 26-Apr-1996 276539 [1996] 15-Jun-2029 NA 77-780 Calle Chihuahua 773 331 026 3 9-Jun-2003 7-Jul-2003 2003-501721 7-Jul-2048 2/3/2006 51-288 Calle Hueneme 770 164 003 4 29-Jan-2003 20-Mar-2003 2003-196990 20-Mar-2048 NA 51-380 Calle Hueneme 770 164 008 3 20-Feb-2003 7-Mar-2003 2003-163232 7-Mar-2048 NA 51-335 Calle Iloilo 770 164 016 3 16-Aug-2001 18-Sep-2001 2001-451645 18-Sep-2031 NA 51-355 Calle Iloilo 770 164 017 3 9-Nov-2000 28-Nov-2000 2000-472043 28-Nov-2030 NA 51-418 Calle Iloilo 770 165 007 3 22-Apr-2003 2-Ma -2003 2003-318004 2-Ma -2048 NA 51-455 Calle Iloilo 770 164 022 3 22-Nov-2000 20-Dec-2000 2000-505700 20-Dec-2030 NA 51-280 Calle Jacumba 770 166 002 3 28-Apr-1992 20-Au -1997 301887 [1997] 20-Au -2027 NA 51-415 Calle Jacumba 770 165 020 4 9-Jul-1992 12-Sep-1997 333311 [1997] 12-Sep-2027 NA 51-450 Calle Jacumba 770 166 011 3 25-Feb-2003 14-Mar-2003 2003-179954 14-Mar-2048 NA 51-395 Calle Kalima 770 166 019 3 28-Jun-2002 31-Jul-2002 2002-417895 31-Jul-2047 12/21/2005 77-825 Calle Nogales 773 332 001 3 7-Oct-2002 23-Jan-2003 2003-052940 23-Jan-2048 NA 77-330 Calle Sonora 773-212-011 3 19-May-2011 3-Jul-2012 2012-0310236 3-Jul-2057 NA 78-590 Carnes Circle 604 223 020 4 1-May-1992 30-Apr-1997 149209 [1997] 30-Apr-2027 NA 79-651 Cassia St. 600 320 003 3 13-Feb-2002 5-Apr-2002 2002-175694 5-Apr-2032 NA 79-683 Cassia St. 600 320 005 4 18-Mar-2002 8-Apr-2002 2002-178025 8-Apr-2032 NA 79-731 Cassia St. 600-320-007 4 7-Nov-01 7-Jan-02 2002-008883 7-Jan-2032 NA 79-747 Cassia St. 600 320 008 4 7-Jan-2001 21-Dec-2001 2001-635336 21-Dec-2031 NA 79-795 Cassia St. 600 320 011 3 28-Nov-2001 13-Dec-2001 2001-620306 13-Dec-2031 NA 79-811 Cassia St. 600 320 012 4 21-Nov-2001 14-Dec-2001 2001-625529 14-Dec-2031 NA 79-915 Cassia St. 600 330 006 3 29-Feb-2000 3-Mar-2000 2000-079471 3-Mar-2030 NA 79-250 Cool Reflection 600-410-040 2 11-Feb-2008 5-Nov-2008 2008-0587703 5-Nov-2053 5/19/2017 79-260 Cool Reflection 600-410-041 3 11-Mar-2008 30-Oct-2009 2009-0563950 30-Oct-2054 NA 79-270 Cool Reflection 600-410-042 2 11-Mar-2008 29-Ma -2009 2009-0274114 29-Ma -2054 6/2/6016 79-280 Cool Reflection 600-420-038 3 15-Feb-2007 18-Nov-2009 2009-0598376 18-Nov-2054 NA 79-290 Cool Reflection 600 410 044 3 11-Mar-2008 23-Sep-2008 2008-0517309 23-Sep-2053 10/12/2017 79-320 Cool Reflection 600 410 004 2 19-Jun-2006 30-Jun-2006 2006-0480838 30-Jun-2051 1/20/2017 79-326 Cool Reflection 600 410 005 3 6-Jun-2006 16-Jun-2006 2006-0437522 16-Jun-2051 NA 79-332 Cool Reflection 600 410 006 3 1-Aug-2006 10-Au -2006 2006-0585839 10-Au -2051 3/1/2017 79-338 Cool Reflection 600 410 007 2 11-Aug-2006 24-Aug-2006 2006-0626769 24-Aug-2051 6/9/2017 79-344 Cool Reflection 1 600 410 008 2 11-Dec-2006 24-Jan-2007 2007-0054756 24-Jan-2052 NA 79-350 Cool Reflection 1 600 410 009 3 11-Aug-2006 1-Sep-2006 2006-0651684 1-Sep-2051 10/3/2011 13 Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 79-356 Cool Reflection 600 410 010 2 17-May-2006 26-Ma -2006 2006-0386656 26-Ma -2051 NA 47-610 Dancing Butterfl 600 420 052 2 9-Mar-2007 11-Ma -2007 2007-0317839 11-Ma -2052 4/12/2013 47-630 Dancinq Butterfl 600 420 053 3 16-Feb-2007 28-Feb-2007 2007-0141889 28-Feb-2052 NA 47-645 Dancing Butterfl 600 420 057 3 18-Jan-2008 22-Feb-2008 2008-0088802 22-Feb-2053 NA 47-650 Dancing Butterfl 600 420 054 2 9-Mar-2007 13-A r-2007 2007-0251486 13-A r-2052 NA 47-655 Dancing Butterfl 600-420-058 3 5-Feb-2008 28-Oct-2008 2008-0573994 28-Oct-2053 11/6/2015 47-665 Dancinq Butterfl 600 420 059 2 5-Feb-2008 22-Ma -2008 2008-0276528 22-Ma -2053 NA 47-670 Dancing Butterfl 600 420 055 2 6-Mar-2007 30-Mar-2007 2007-0220737 30-Mar-2052 5/29/2013 47-675 Dancing Butterfl 600 420 060 3 5-Feb-2008 16-A r-2008 2008-0190080 16-A r-2053 NA 47-685 Dancing Butterfl 600 420 061 2 22-Jan-2008 6-Mar-2008 2008-0110380 6-Mar-2053 NA 47-690 Dancing Butterfl 600 420 056 3 2007 28-Feb-2007 2007-0140805 28-Feb-2052 NA 47-695 Dancing Butterfl 600 420 662 2 6-Feb-2008 21-Mar-2008 2008-0139573 21-Mar-2053 2/20/2014 47-705 Dancing Butterfl 600 420 063 3 3-Jul-2007 11-Sep-2008 2008-0499841 11-Sep-2053 NA 47-715 Dancing Butterfl 600-420-064 3 7-Feb-2008 23-Jul-2009 2009-0382539 23-Jul-2054 7/31/2017 47-725 Dancing Butterfl 600 420 065 2 7-Feb-2008 4-Feb-2009 2009-0053790 4-Feb-2054 NA 47-735 Dancing Butterfl 600-420-066 2 7-Feb-2008 7-Au -2009 2009-0053790 7-Au -2054 9/11/2017 47-740 Dancing Butterfl 600 420 071 3 3-Jul-2007 31-Jul-2007 2007-0493013 31-Jul-2052 4/5/2017 47-745 Dancing Butterfl 600-420-067 2 7-Feb-2008 14-Nov-2008 2008-0603615 14-Nov-2053 NA 47-752 Dancing Butterfl 600 420 072 3 3-Jul-2007 28-Dec-2007 2007-0768618 28-Dec-2052 NA 47-755 Dancing Butterfl 600 420 068 3 5-Jul-2007 21-Feb-2008 2008-0083723 21-Feb-2053 12/4/2015 47-764 Dancing Butterfl 600 410 068 2 27-Jun-2007 30-Jul-2007 2007-0491203 30-Jul-2052 6/23/2015 47-765 Dancing Butterfl 600 420 069 3 7-Feb-2008 29-A r-2008 2008-0217073 29-A r-2053 10/30/2015 47-775 Dancing Butterfl)_600-420-070-7 3 2007 17-Dec-2009 2009-0649354 17-Dec-2054 4/27/2017 47-776 Dancing Butterfl 600 410 069 3 27-Jun-2007 30-Jul-2007 2007-0490819 30-Jul-2052 NA 47-785 Dancing Butterfl 600 410 028 3 8-Feb-2008 28-A r-2008 2008-0215830 28-A r-2053 NA 47-788 Dancinci Butterfl 600 410 060 2 5-Jul-2007 12-Oct-2007 2007-0636115 12-Oct-2052 NA 47-795 Dancing Butterfl 600 410 029 2 8-Feb-2008 7-Mar-2008 2008-0112893 7-Mar-2053 12/18/2015 47-800 Dancing Butterfl 600 410 061 3 6-Jul-2007 28-Se -2007 2007-0608303 28-Se -2052 N/A 47-805 Dancing Butterfl 600 410 030 3 8-Feb-2008 18-Jul-2008 2008-0395698 18-Jul-2053 2/17/2016 47-812 Dancing Butterfl 600 410 062 3 5-Jul-2007 31-Jul-2007 2007-0493006 31-Jul-2052 NA 47-815 Dancing Butterfl 600 410 031 3 22-Jan-2008 28-Apr-2008 2008-0214933 28-Apr-2053 2/14/2018 47-824 Dancing Butterfl 600 410 057 2 9-Jul-2007 28-Au -2008 2008-0474074 28-Au -2053 NA 47-825 Dancing Butterfl 600-410-032 2 8-Feb-08 10-Oct-08 2008-0549531 10-Oct-53 NA 47-835 Dancing Butterfl 600-410-033 3 8-Feb-08 6-Nov-09 2009-0577520 6-Nov-54 7/13/2017 47-836 Dancing Butterfl 600 410 058 3 6-Jul-2007 29-Feb-2008 2008-0101470 2/29/2053 NA 47-845 Dancing Butterfl 600-410-034 3 8-Feb-2008 31-Oct-2008 2008-0582842 31-Oct-2053 NA 47-848 Dancing Butterfl 600 410 059 2 6-Jul-2007 23-Se -2008 2008-0517328 23-Se -2053 NA 14 Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 47-855 Dancing Butterfl 600 410 035 3 11-Feb-2008 31-Jul-2008 2008-0421923 31-Jul-2053 NA 47-860 Dancing Butterfl 600 410 050 3 27-Jun-2007 19-Jul-2007 2007-0469172 19-Jul-2052 NA 47-865 Dancinq Butterfl 600 410 036 3 22-Jan-2008 31-Jan-2008 2008-0051354 31-Jan-2053 7/1/2014 47-872 Dancing Butterfl 600 410 051 3 27-Jun-2007 13-Jul-2007 2007-0458725 13-Jul-2052 NA 47-875 Dancing Butterfl 600-410-037 3 22-Jan-2008 25-Jan-2008 2008-0041160 25-Jan-2053 10/25/2012 47-884 Dancing Butterfl 600 410 048 2 16-Jul-2007 28-Dec-2007 2007-0768611 28-Dec-2052 NA 47-885 Dancinq ButterlIN 600 410 038 3 3-Jan-2008 29-Jan-2008 2008-0041086 28-Jan-2053 NA 47-895 Dancing Butterfl 600 410 039 3 18-Jan-2008 15-Feb-2008 2008-0077880 15-Feb-2053 NA 47-896 Dancing Butterfl 600 410 049 3 10-Jul-2007 21-Nov-2007 2007-0705383 21-Nov-2052 5/1/2017 49-650 Date Palm Dr. 646 070 009 3 27-Jun-2001 15-Au -2001 2001-390769 15-Au -2031 NA 78-255 Desert Fall Way 770 031 031 3 1995 20-Nov-1997 428744 1997 20-Nov-2027 NA 78-265 Desert Fall Way 770 031 032 3 11-Sep-1996 24-Se -1996 367401 1996 24-Se -2026 NA 78-300 Desert Fall Way 770 032 002 3 17-Sep-1999 29-Oct-1999 1999-476800 29-Oct-2029 NA 78-310 Desert Fall Way 770 032 001 4 23-Sep-1999 20-Jan-2005 2005-0054910 5-Jan-2050 NA 79-640 Desert Willow St 600 320 054 4 12-Apr-2002 23-A r-2002 2002-209662 23-A r-2032 NA 79-660 Desert Willow St 600 320 052 3 25-Apr-2002 28-Jun-2002 2002-356516 7-Jun-2032 NA 79-670 Desert Willow St 600 320 051 3 12-Apr-2002 19-A r-2002 2002-207137 19-Apr-2032 NA 79-680 Desert Willow St 600 320 050 4 25-Apr-2002 8-Ma -2002 2002-241045 8-Ma -2032 NA 79-765 Desert Willow St 600 320 043 3 28-Dec-2001 8-Jan-2002 2002-0864685 8-Jan-2032 NA 79-770 Desert Willow St 600 320 046 3 28-Dec-2001 4-Jan-2002 2002-006238 4-Jan-2032 10/25/2002 79-775 Desert Willow St 600 320 044 3 28-Dec-2001 2-Jan-2002 2002-000320 2-Jan-2032 NA 51-820 Eisenhower Dr. 773 175 004 3 13-Aug-2001 31-Au -2001 2001-425404 31-Au -2031 NA 51-940 Eisenhower Dr. 773 175 010 4 1-Apr-1999 13-Dec-2002 2002-748711 13-Dec-2047 NA 52-120 Eisenhower Dr. 773 231 006 3 6-Sep-2001 28-Dec-2001 2001-648962 26-Dec-2031 NA 52-360 Eisenhower Dr. 773 271 005 4 13-Aug-2001 5-Se -2001 2001-430542 5-Se -2031 NA 52-900 Eisenhower Dr. 773 331 009 4 1978 21-Nov-2001 2001-0545208 21-Nov-2031 7/7/2005 53-165 Eisenhower Dr. 774 055 018 4 7-Sep-1995 28-Dec-1995 432979 [1995] 28-Dec-2025 NA 53-295 Eisenhower Dr. 774 085 015 3 1-Sep-2000 20-Se -2000 2000-369638 19-Se -2030 NA 53-305 Eisenhower Dr. 774 085 016 3 1-Sep-2000 27-Se -2000 2000-379306 27-Se -2030 NA 53-365 Eisenhower Dr. 774 085 019 3 28-Jan-1988 7-Mar-2005 2005-0273897 7-Mar-2050 NA 53-940 Eisenhower Dr. 774 171 010 3 22-Sep-1989 16-Dec-2005 2005-1042063 16-Dec-2050 NA 54-165 Eisenhower Dr. 774 215 020 3 14-Jun-1989 9-Oct-1997 367256 1997 9-Oct-2027 NA 54-565 Eisenhower Dr. 774 284 016 3 24-Mar-1994 29-A r-1994 177711 1994 29-A r-2034 NA 47-738 Endless Sky 600 420 001 3 25-Jul-2006 2-Au -2006 2006-0566923 2-Au -2051 NA 47-745 Endless Sky 600 420 075 3 3-Jul-2007 28-Sep-2007 2007-0610591 28-Sep-2052 1/17/2017 47-752 Endless Sky 600 420 002 1 2 1 28-Aug-2006 22-Se -2006 2006-0704600 22-Se -2051 6/1/2015 47-755 Endless Sky 600 420 074 1 2 1 3-Jul-2007 31-Au -2007 2007-0558847 31-Au -2052 NA 15 Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 47-765 Endless Sky 600 420 073 3 3-Jul-2007 2-Nov-2007 2007-0674102 2-Nov-2052 NA 47-766 Endless Sky 600 420 003 3 19-Dec-2006 31-Jan-2007 2007-0073531 31-Jan-2052 11/16/2015 47-775 Endless Sky 600 410 067 3 5-Jul-2007 24-Sep-2007 2007-0598256 24-Sep-2052 11/27/2017 47-780 Endless Sky 600 410 025 3 24-Aug-2006 7-Sep-2006 2006-0663361 7-Sep-2051 NA 47-785 Endless Sky 600 410 066 2 27-Jun-2007 13-Jul-2007 2007-0458888 13-Jul-2052 6/21/2013 47-794 Endless Sky 600 410 026 2 14-Dec-2006 1-Jun-2007 2007-0364556 1-Jun-2052 4/15/2013 47-795 Endless Sky 600 410 065 3 5-Jul-2007 4-Jan-2008 2008-0005306 4-Jan-2053 NA 47-805 Endless Sky 600 410 064 3 6-Jan-2007 28-Nov-2008 2008-0629875 28-Nov-2053 8/22/2017 47-808 Endless Sky 600 410 027 3 16-May-2006 1-Au -2006 2006-0564861 1-Au -2051 NA 47-815 Endless Sky 600 410 063 3 6-Jul-2007 15-Jul-2008 2008-0386619 15-Jul-2053 5/9/2017 47-822 Endless Sky 600 410 018 3 17-May-2006 31-Ma -2006 2006-0396416 31-Ma -2051 12/20/2013 47-825 Endless Sky 600 410 056 3 9-Jul-2007 17-Jan-2008 2008-0026901 17-Jan-2053 10/28/2016 47-835 Endless Sky 600 410 055 3 9-Jul-2007 9-Jan-2009 2009-0010998 9-Jan-2054 NA 47-836 Endless Sky 600 410 019 3 21-Nov-2006 8-Dec-2006 2006-0905218 8-Dec-2051 3/10/2014 47-845 Endless Sky 600 410 054 3 9-Jul-2007 18-Jun-2008 2008-0332891 18-Jun-2053 7/18/2016 47-850 Endless Sky 600 410 016 3 17-May-2006 26-Ma -2006 2006-0387254 26-Ma -2051 NA 47-855 Endless Sky 600 410 053 2 9-Jul-2007 31-Au -2007 2007-0561533 31-Au -2052 6/17/2010 47-864 Endless Sky 600 410 017 3 19-May-2006 28-Jun-2006 2006-0470131 28-Jun-2051 8/30/2017 47-865 Endless Sky 600 410 052 3 10-Jul-2007 30-Ma -2008 2008-0295916 30-Ma -2053 NA 47-875 Endless Sky 600 410 047 3 16-Jul-2007 24-Se -2007 2007-0598249 24-Se -2052 8/22/2017 47-878 Endless Sky 600 410 003 3 10-Oct-2006 24-Oct-2006 2006-0779472 24-Oct-2051 NA 47-885 Endless Sky 600 410 046 2 18-Oct-2007 8-Sep-2008 2008-0493132 5-Sep-2053 NA 47-892 Endless Sky 600 410 002 2 16-May-2006 15-Jun-2006 2006-0434410 15-Jun-2051 NA 47-895 Endless Sky 600 410 045 3 18-Oct-2007 8-Au -2008 2008-0437240 8-Au -2053 5/9/2013 47-906 Endless Sky 600 410 001 3 16-May-2006 31-Ma -2006 2006-0396411 31-Ma -2051 NA 79-343 Horizon Palms C 604 110 051 3 1987 28-Au -1998 365570 [1998] 28-Au -2028 NA 79-776 Independence 604 502 008 3 17-May-2002 3-Jun-2002 2002-299139 24-Ma -2047 NA 79-790 Independence 604 502 007 3 29-May-2002 12-Dec-2002 2002-743815 12-Dec-2047 NA 79-910 Memorial Place 604 501 007 3 29-Jul-2002 17-Sep-2002 2002-514065 13-Sep-2047 NA 78-820 Nolan Circle 604 233 013 3 29-May-1997 9-Jun-1997 202511 [1997] 9-Jun-2027 NA 79-255 Rose Dawn 600 420 080 2 27-Jun-2007 13-Jul-2007 2007-0458881 2-Jul-2052 10/7/2014 79-260 Rose Dawn 600 420 047 3 8-Mar-2007 13-A r-2007 2007-0251502 13-A r-2052 9/14/2015 79-264 Rose Dawn 600 420 048 3 15-Feb-2007 27-Feb-2007 2007-0134877 27-Feb-2052 NA 79-265 Rose Dawn 600 420 079 2 29-Jun-2007 21-Mar-2008 2008-0141894 21-Mar-2053 8/1/2013 79-268 Rose Dawn 600 420 045 3 15-Feb-2007 28-Feb-2007 2007-0140799 28-Feb-2052 NA 79-272 Rose Dawn 600 420 046 3 8-Mar-2007 8-Ma -2007 2007-0307017 8-Ma -2052 1 10/1/2014 Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 79-276 Rose Dawn 600 420 037 3 7-Mar-2007 8-Jun-2007 2007-0378969 8-Jun-2052 NA 79-275 Rose Dawn 600 420 078 3 1-Mar-2007 31-Au -2007 2007-0561540 31-Au -2052 3/28/2013 79-280 Rose Dawn 600 420 038 3 15-Feb-2007 28-Feb-2007 2007-0141884 28-Feb-2052 NA 79-285 Rose Dawn 600 420 077 2 29-Jun-2007 25-Jan-2008 2008-0041149 25-Jan-2053 NA 79-295 Rose Dawn 600 420 076 2 29-Jun-2007 30-Oct-2007 2007-0664244 30-Oct-2052 NA 79-315 Rose Dawn 600 420 010 2 17-May-2006 6-Jun-2006 2006-0409978 6-Jun-2051 8/1/2013 79-320 Rose Dawn 600 420 029 3 15-Feb-2007 27-Feb-2007 2007-0134872 27-Feb-2052 NA 79-324 Rose Dawn 600 420 030 3 6-Mar-2007 18-Ma -2007 2007-0333523 18-Ma -2052 NA 79-325 Rose Dawn 600 420 009 2 4-Aug-2006 16-Au -2006 2006-0603660 16-Au -2051 NA 79-328 Rose Dawn 600 420 021 3 1-Mar-2007 8-Jun-2007 2007-0377932 8-Jun-2052 2/15/2018 79-332 Rose Dawn 600 420 022 2 28-Feb-2007 7-Ma -2007 2007-0303986 7-Ma -2052 7/22/2013 79-335 Rose Dawn 600 420 008 2 19-Dec-2006 1-Feb-2007 2007-0078631 31-Jan-2052 10/7/2013 79-336 Rose Dawn 600 420 023 3 16-Feb-2007 28-Feb-2007 2007-0140815 28-Feb-2052 NA 79-340 Rose Dawn 600 420 018 3 6-Mar-2007 30-Mar-2007 2007-0218378 29-Mar-2052 NA 79-344 Rose Dawn 600 420 019 2 28-Feb-2007 25-Ma -2007 2007-0345852 25-Ma -2052 7/2/2015 79-345 Rose Dawn 600 420 007 2 19-Dec-2006 19-Jan-2007 2007-0048047 19-Jan-2052 NA 79-348 Rose Dawn 600 420 020 3 15-Dec-2007 27-Mar-2007 2007-0206941 27-Mar-2052 NA 79-355 Rose Dawn 600 420 006 2 17-May-2006 6-Jun-2006 2006-0409984 6-Jun-2051 NA 47-905 Rosemary St. 600 320 021 4 14-Dec-2001 13-Mar-2002 2002-129030 13-Mar-2032 5/14/2004 78-595 Sagebrush Dr. 646 311 009 3 28-May-1992 11-Jul-1997 245360 1997 11-Jul-2027 NA 79-370 Sierra Vista Way 604 440 037 3 16-Oct-2000 30-Oct-2000 2000-428474 30-Oct-2030 NA 79-257 Sign of Spring 600 420 051 3 9-Mar-2007 26-Jun-2008 2008-0350420 26-Jun-2053 11/27/2013 79-261 Sign of Spring 600 420 050 2 9-Mar-2007 20-A r-2007 2007-0269554 20-A r-2052 10/17/2013 79-265 Sign of Spring 600 420 049 3 8-Mar-2007 13-A r-2007 2007-0251491 13-A r-2052 5/24/2013 79-269 Sign of Spring 600 420 044 3 16-Feb-2007 28-Feb-2007 2007-0140810 28-Feb-2052 NA 79-273 Sign of Spring 600 420 043 2 8-Mar-2007 8-Ma -2007 2007-0307011 8-Ma -2052 NA 79-277 Sign of Spring 600 420 042 3 8-Mar-2007 22-Au -2008 2008-0464958 22-Au -2053 NA 79-281 Sign of Spring 600 420 041 3 9-Mar-2007 1-Ma -2008 2008-0225533 2-Ma -2053 NA 79-285 Sign of Spring 600 420 040 2 7-Mar-2007 24-Ma -2007 2007-0342649 24-Ma -2052 2/24/2015 79-289 Sign of Spring 600 420 039 3 16-Feb-2007 28-Feb-2007 2007-0140832 28-Feb-2052 6/1/2012 79-293 Sign of Spring 600 420 036 3 16-Feb-2007 30-Jul-2007 2007-0491210 30-Jul-2052 NA 79-297 Sign of Spring 600 420 035 2 7-Mar-2007 13-Jul-2007 2007-0458895 13-Jul-2052 7/9/2012 79-301 Sign of Spring 600 420 034 3 6-Mar-2007 29-Jun-2007 2007-0428063 29-Jun-2052 11/6/2016 79-305 Sign of Spring 600 420 033 3 6-Mar-2007 25-Jun-2007 2007-0412040 25-Jun-2052 NA 79-309 Sign of Spring 600 420 032 2 6-Mar-2007 28-Feb-2009 2009-0098010 28-Feb-2054 11/25/2015 79-313 Sign of Spring 600 420 031 3 21-Feb-2007 28-Feb-2007 2007-0141894 28-Feb-2052 4/30/2010 79-317 Sign of Spring 600 420 028 3 21-Feb-2007 16-Ma -2007 2007-0326630 16-Ma -2052 NA 79-321 Sign of Spring 600 420 027 2 5-Mar-2007 9-Nov-2007 2007-0685555 1 13-Nov-2052 NA 17 Property Address APN Unit Size (bdrms) Date of Completion CofO Date of Recordation County Recorder Doc # Expiration of Covenants Assumption Date most recent 79-325 Sign of Spring 600 420 026 3 5-Mar-2007 22-Feb-2008 2008-0087254 22-Feb-2053 NA 79-329 Sign of Spring 600 420 025 3 1-Mar-2007 27-Mar-2008 2008-0151078 27-Mar-2053 3/6/2014 79-333 Sign of Spring 600 420 024 3 1-Mar-2007 30-Mar-2007 2007-0216188 30-Mar-2052 NA 79-337 Sign of Spring 600 420 017 3 23-Feb-2007 16-Ma -2007 2007-0324488 16-Ma -2052 NA 79-341 Sign of Spring 600 420 016 3 22-Feb-2007 22-Ma -2009 2009-0261716 22-Ma -2054 9/23/2011 47-810 Silverberry St. 600 330 023 3 17-Mar-2000 14-A r-2000 2000-139606 13-A r-2030 12/19/2002 47-900 Silverberry St. 600 330 020 5 29-Feb-2000 29-Feb-2000 2000-074664 2/29/2030 NA 47-615 Soft Moonlight 600 420 015 4 22-Feb-2007 29-Jun-2007 2007-0428056 29-Jun-2052 NA 47-635 Soft Moonlig ht 600 420 014 3 21-Feb-2007 23-Ma -2007 2007-0338930 23-Ma -2052 3/17/2015 47-655 Soft Moonlight 600 420 013 2 23-Feb-2007 13-Apr-2007 2007-0251497 13-Apr-2052 NA 47-675 Soft Moonlight 600 420 012 2 21-Feb-2007 25-Ma -2007 2007-0345859 25-Ma -2052 NA 47-695 Soft Moonlight 600 420 011 2 21-Feb-2007 21-Mar-2007 2007-0193287 21-Mar-2052 4/7/2016 47-745 Soft Moonlight 600 420 005 2 9-Oct-2006 24-Oct-2006 2006-0781321 24-Oct-2051 4/26/2013 47-755 Soft Moonlight 600 420 004 3 9-Oct-2006 20-Oct-2006 2006-0775125 20-Oct-2051 NA 47-765 Soft Moonlight 600 410 024 3 19-Sep-2006 29-Se -2006 2006-0723730 29-Se -2051 NA 47-775 Soft Moonlight 600 410 023 3 17-Oct-2006 27-Oct-2006 2006-0791658 27-Oct-2051 4/8/2014 47-785 Soft Moonlight 600 410 022 3 24-May-2006 26-Ma -2006 2006-0387264 26-Ma -2051 10/1/2015 47-795 Soft Moonlight 600 410 021 3 21-Nov-2006 29-Dec-2006 2006-0956436 29-Dec-2051 NA 47-805 Soft Moonlight 600 410 020 2 17-May-2006 6-Jun-2006 2006-0409973 6-Jun-2051 NA 47-815 Soft Moonlight 600 410 015 3 19-May-2006 6-Jun-2006 2006-0409968 6-Jun-2051 4/15/2011 47-825 Soft Moonlight 600 410 014 3 14-Dec-2006 30-Jan-2007 2007-0070033 31-Jan-2052 NA 47-835 Soft Moonlight 600 410 013 2 21-Nov-2006 3-Jan-2007 2007-0005611 3-Jan-2052 9/17/2010 47-855 Soft Moonlight 600 410 012 3 12-May-2006 26-Ma -2006 2006-0387259 26-Ma -2051 NA 47-875 Soft Moonlight 600 410 011 3 17-May-2006 31-Ma -2006 2006-0395661 31-Ma -2051 6/19/2017 78-260 Springtime Way 770 031 007 2 9-Oct-1995 31-Oct-1997 397596 [1997] 31-Oct-2027 NA 78-280 Springtime Way 770 031 005 3 9-Oct-1995 23-Oct-1995 352644 1995 23-Oct-2025 NA 78-290 Springtime Way 770 031 004 3 9-Oct-1995 23-Oct-1995 352639 1995 23-Oct-2025 3/16/2001 78-300 Springtime Way 770 031 003 3 24-Jan-1996 5-Jan-1996 004470 1996 4-Jan-2026 1/8/1999 78-310 Springtime Way 770 031 002 4 9-Oct-1995 29-Mar-1996 113921 1996 29-Mar-2026 NA 47-785 Sumac St. 600 330 015 3 21-Mar-2000 30-Mar-2000 2000-116894 30-Mar-2030 NA 45-160 Sunberry Court 604 412 011 3 21-Dec-1999 30-Dec-1999 1999-564949 30-Dec-2029 NA 78-615 Via Corrido 646 290 036 3 13-Aug-1991 29-Au -1997 316053 1997 29-Au -2027 NA 78-250 Winter Cove COIL 770 031 025 3 28-Oct-1996 20-Mar-1997 093718 1997 15-Jun-2029 7/1/2010 78-255 Winter Cove COIL 770 031 009 3 11-Sep-1996 24-Sep-1996 366106 [1996 1 15-Jun-2029 NA 78-260 Winter Cove COL 770 031 024 3 11-Sep-1996 20-Se -1996 359918 1996 15-Jun-2029 NA 78-265 Winter Cove COIL 770 031 010 3 11-Mar-1996 31-Oct-1997 397891 [1997] 31-Oct-2027 12/31/2001 78-275 Winter Cove COIL 770 031 011 4 6-Aug-1998 17-Ma -2004 2004-0366704 30-Se -2028 NA 78-285 Winter Cove COIL 770 031 012 3 13-Oct-1995 26-Oct-1995 358070 1995 15-Jun-2029 NA 78-305 Winter Cove COIL 770 031 014 3 13-Oct-1995 27-Oct-1995 359206 1995 15-Jun-2029 NA 78-310 Winter Cove COIL 770 031 020 3 8-Apr-1996 16-A r-1996 136421 1996 15-Jun-2029 NA 78-315 Winter Cove COIL 770 031 015 3 13-Oct-1995 29-Mar-1996 113461 1996 15-Jun-2029 NA 78-320 Winter Cove COIL 770 031 018 4 19-Oct-1995 26-Oct-1995 358065 1995 15-Jun-2029 NA 78-325 Winter Cove COIL 770 031 016 4 3-Jul-1996 5-Jul-1996 251473 1996 15-Jun-2029 NA 78-330 Winter Cove Coo 770 031 017 1 4 1 19-Oct-1995 1 26-Oct-1995 358060 1995 15-Jun-2029 NA W-1 Property Address APN Unit Size Date of Completion Date of Recordation Doc # Expiration Date Assumption Date 53-775 Ave. Alvarado 774 153 014 3 bdrm 4/13/1999 23-Jan-2003 2003-188079 23-Jan-2058 N/A 52-985 Ave. Carranza 773 321 013 3 bdrm 12/5/1988 5-Jun-2002 2002-303022 5-Jun-2057 N/A 51-805 Ave. Cortez 773-152-015 3 bdrm 1988 10-Dec-2004 2004-1020990 10-Dec-2045 RDA assumed 52-635 Ave. Diaz 773 281 020 3 bdrm 6/13/1988 5-Jun-2002 2002-303019 5-Jun-2057 N/A 53-965 Ave. Diaz 773 311 026 3 bdrm 12/19/1989 5-Jun-2002 2002-303120 5-Jun-2057 N/A 53-105 Ave. Herrera 774 053 017 3 bdrm 6/21/1988 28-Ma -2003 2003-380631 28-Ma -2058 N/A 53-795 Ave. Herrera 774 163 015 3 bdrm 1989 3-Ma -2002 2002-300665 3-Ma -2057 N/A 54-245 Ave. Herrera 774 213 023 3 bdrm 4/29/1987 3-Ma -2002 2002-300673 3-Ma -2057 N/A 53-825 Ave. Juarez 774 143 017 3 bdrm 10/30/1986 27-Dec-2001 2001-644021 27-Dec-2031 N/A 54-280 Ave. Madero 774 232 032 3 bdrm 11/17/1987 30-Dec-2001 2001-644024 30-Dec-2056 N/A 53-523 Ave. Martinez 774 131 013 3 bdrm 2/511988 3-Ma -2002 2002-300674 3-May 2057 N/A 53-541 Ave. Martinez 774 131 014 3 bdrm 2/5/1988 3-Ma -2002 2002-300670 3-Ma -2057 N/A 53-275 Ave. Navarro 774 094 014 3 bdrm 7/1/1988 28-Ma -2003 2003-380619 28-Ma -2058 N/A 53-880 Ave. Navarro 774 175 007 3 bdrm 11/10/1988 3-Ma -2002 2002-300669 3-Ma -2057 N/A 53-105 Ave. Obre on 774 044 017 3 bdrm 1989 28-Ma -2003 2003-380629 28-Ma -2058 N/A 53-155 Ave. Obre on 774 044 020 3 bdrm 4/3/1989 28-Ma -2003 2003-380634 28-Ma -2058 N/A 53-175 Ave. Obre on 774 044 021 3 bdrm 415/1989 28-Ma -2003 2003-380630 28-Ma -2058 N/A 52-855 Ave. Ramirez 773 322 025 3 bdrm 8/28/1987 23-Jan-2003 2003-188077 23-Jan-2058 N/A 51-395 Ave. Vallejo 773 083 021 3 bdrm 1988 23-Jan-2003 2003-188086 23-Jan-2058 N/A 52-225 Ave. Vallejo 773 222 022 3 bdrm 1989 5-Jun-2002 2002-303021 5-Jun-2058 N/A 53-565 Ave. Vallejo 774 122 016 3 bdrm 1990 28-Ma -2003 2003-380633 28-Ma -2058 N/A 52-835 Ave. Villa 773 333 018 3 bdrm 9/711988 28-Ma -2003 2003-380620 28-Ma -2058 N/A 52-845 Ave. Villa 773 333 019 3 bdrm 1987 23-Jan-2003 2003-188082 23-Jan-2058 N/A 51-395 Calle Kalima 770-166-019 3 bdrm 6/24/1905 30-Se -2008 2008-0531971 30-Se -2058 N/A 52-425 Eisenhower Dr. 773 265 020 3 bdrm 31311989 23-Jan-2003 2003-188085 23-Jan-2058 N/A 52-565 Eisenhower Dr. 773 295 017 3 bdrm 2/5/1988 3-Ma -2002 2002-300671 3-Ma -2057 N/A 53-940 Eisenhower Dr. 774-171-010 3 bdrm 6/11/1905 19-Feb-2010 2010-077630 19-Feb-2065 N/A 52-985 Eisenhower Dr. 773 326 024 3 bdrm 1989 3-Ma -2002 2002-300667 3-Ma -2057 N/A W] CITY OF LA QUINTA HOUSING PROGRAMS - SEWER SUBSIDY PROGRAM Property Address Owner Name APN Unit Size Deed of Trust Date of County Recorder Expiration of (bdrms) Amount Recordation Doc # Covenants 53-320 Ave. Rubio Pela o 774-073-004 4 5/28/2003 2003-380616 1/23/2018 52-071 Ave. Herrera Flores 773-223-013 3 5/28/2003 2003-380614 1/23/2018 52-090 Ave. Martinez Morales 773-232-005 3 3/19/2003 2003-191393 1/23/2018 51-286 Ave. Velasco Fernandez 773-091-023 3 3/19/2003 2003-191387 1/23/2018 51-910 Ave. Villa Chappie 773-183-007 3 6/22/2004 2004-479666 1/23/2018 20 CONSENT CALENDAR ITEM NO. 3 City of La Quinta HOUSING COMMISSION MEETING: March 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE HOUSING SUCCESSOR ANNUAL REPORT FOR FISCAL YEAR 2016/17 REGARDING THE LOW AND MODERATE INCOME HOUSING ASSET FUND PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 34176.1 (F) FOR THE LA QUINTA HOUSING AUTHORITY RECOMMENDATION Receive and file the La Quinta Housing Successor Annual Report regarding the Low and Moderate Income Asset Fund pursuant to California Health and Safety Code Section 34176.1(0. EXECUTIVE SUMMARY • The Housing Successor Annual Report (Report) is part of a State requirement for Housing Successors to Redevelopment Agencies. • The Report provides the Housing Authority a comprehensive representation of the City's housing assets and activities. • Once filed, the Report will be made available to the public on the City's website and filed with the City Clerk. FISCAL IMPACT - None. BACKGROUND/ANALYSIS The Report must provide the Housing Successor's Low and Moderate Income Housing Asset Fund (LMIHAF) balance, deposits, expenditures, transfers, current projects, acquisitions, obligations, income test, senior housing test, and excess surplus test. The Report for 2016/17 reflects the following findings: • A total of $3,969,379 was deposited into the LMIHAF; the majority of the deposits originated from rental revenue generated by City -owned affordable housing properties (28 Cove homes and 72 Washington Street Apartment units) and a $2,750,038 loan repayment from Coral Mountain. • A total of $1,038,666 was expended from LMIHAF for maintenance, monitoring and administration expenses. • A total of $64,765,709 in assets owned by the Housing Successor was reported, assets consist of notes and loans, land, building and improvements and accumulated depreciation. • Senior Housing Test reflects that 23 percent of 1232 total Housing Successor Assisted rental units are restricted to seniors. • The Housing Successor reports no computed excess surplus; therefore, no plan exists for eliminating the excess surplus. The Report will be submitted to the California Department of Housing and Community Development to comply with California Health and Safety Code Section 34176.1(0. ALTERNATIVtS As this is a receive and file action no alternatives are presented. Prepared by: Angela Ferreira, Management Specialist Approved by: Gilbert Villalpando, Business Analyst Attachment: 1. La Quinta Housing Successor Annual Report Attachment 1 HOUSING SUCCESSOR ANNUAL REPORT December 30, 2017 LOW AND MODERATE INCOME HOUSING ASSET FUND FOR FISCAL YEAR 2016-17 PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 34176.1(f) FOR THE LA QUINTA HOUSING AUTHORITY HOUSING SUCCESSOR ANNUAL REPORT TABLE OF CONTENTS INTRODUCTION............................................................................................................................. 1 AMOUNT DEPOSITED INTO LMIHAF........................................................................................... 1 ENDING BALANCE OF LMIHAF................................................................................................... 1 DESCRIPTION OF EXPENDITURES FROM LMIHAF................................................................... 2 TABLE 1: DESCRIPTION OF LMIHAF EXPENDITURES STATUTORY VALUE OF ASSETS OWNED BY HOUSING SUCCESSOR ................................. 2 TABLE 2: STATUTORY VALUE OF ASSETS OWNED BY HOUSING SUCCESSOR DESCRIPTION OF TRANSFERS................................................................................................... 2 PROJECT DESCRIPTIONS............................................................................................................ 2 TABLE 3: PROJECT DESCRIPTIONS STATUS OF COMPLIANCE WITH SECTION 33334.16................................................................ 3 TABLE 4: SECTION 33334.16 COMPLIANCE DESCRIPTION OF OUTSTANDING OBLIGATIONS UNDER SECTION 33413.......................... 4 INCOMETEST................................................................................................................................ 4 SENIORHOUSING TEST............................................................................................................... 5 TABLE 5: SENIOR HOUSING TEST EXCESS SURPLUS TEST.............................................................................................................. 5 TABLE 6: EXCESS SURPLUS TEST INTRODUCTION This Housing Successor Annual Report ("Report") addresses the requirements of California Health and Safety Code Section 34176.1(f) regarding the Low and Moderate Income Housing Asset Fund ("LMIHAF"). This Report outlines the financial and housing covenant details of the La Quinta Housing Authority ("Housing Successor") for 2016-17 (the "Fiscal Year"). The purpose of this Report is to provide the governing body of the Housing Successor an annual report on the housing assets and activities of the Housing Successor under Part 1.85, Division 24 of the California Health and Safety Code, in particular sections 34176 and 34176.1 ("Dissolution Law"). This report includes discussion on the deposits to, ending balance of, and expenditures from the LMIHAF. A description of the Housing Successor's assets, and any transfers of assets to other housing successor agencies are addressed as well. The report also discusses the Housing Successor's current projects, acquisitions of any real property since February 1, 2012, or any outstanding obligations. Finally, as required by law, three separate test are discussed — the income test, senior housing test, and excess surplus test. This Report is to be provided to the Housing Successor's governing body by December 31, 2016 (six months after the end of the Fiscal Year); however, the Housing Successor had an audit completed at that time and awaited for the final audit to be approved, as a result, the submittal of this report was delayed. In addition, this Report and the former redevelopment agency's pre -dissolution Implementation Plans are to be made available to the public on the City's website. (http://www.la-guinta.org) AMOUNT DEPOSITED INTO LMIHAF This section provides the total amount of funds deposited into the LMIHAF during the Fiscal Year. Any amounts deposited for items listed on the Recognized Obligation Payment Schedule ("ROPS") must be distinguished from the other amounts deposited. A total of $3,969,379 was deposited into the LMIHAF during the Fiscal Year. Of the total funds deposited into the LMIHAF, a total of $0 was held for items listed on the ROPS. These deposits originated from rental revenues generated at City -owned affordable housing properties and a $2,750,038 loan repayment from Coral Mountain. ENDING BALANCE OF LMIHAF This section provides a statement of the balance in the LMIHAF as of the close of the Fiscal Year. Any amounts deposited for items listed on the ROPS must be distinguished from the other amounts deposited. At the close of the Fiscal Year, the ending balance in the LMIHAF was $18,799,600, of which $0 is held for items listed on the ROPS. LA QUINTA HOUSING AUTHORITY Page 1 DESCRIPTION OF EXPENDITURES FROM LMIHAF This section provides a description of the expenditures made from the LMIHAF during the Fiscal Year. The expenditures are to be categorized. There was a total of $1,038,666 expended from the LMIHAF, divided into the following categories: TABLE 1: DESCRIPTION OF LMIHAF EXPENDITURES Description of Expenditures Maintenance, Monitoring and Administration Expenditures Homeless Prevention and Rapid Rehousing Services Expenditures Housing Development Expenditures (Total of Next Three Lines) Expenditures on Low Income Units Expenditures on Very Low Income Units Expenditures on Extremely Low Income Units Total LMIHAF Expenditures in Fiscal Year Total Expenditures $1,038,666 $0.00 $0.00 $0.00 $0.00 $0.00 $1,038,666 6*1 /-A ILI1 =1%YOITiTH I ***61 V This section provides the statutory value of real property owned by the Housing Successor, the value of loans and grants receivables, and the sum of these two amounts. TABLE 2: STATUTORY VALUE OF ASSETS OWNED BY HOUSING SUCCESSOR Asset Type Statutory Value of Assets Notes and Loans $26,711,250 Land $33,367,241 Building and Improvements $3,478,579 Accumulated Depreciation $1,208,639 Total Assets $64,765,709 DESCRIPTION OF TRANSFERS The Housing Successor did not make any transfers in the Fiscal Year. PROJECT DESCRIPTIONS This section describes any project for which the Housing Successor receives or holds property tax revenue pursuant to the ROPS and the status of that project. The following is a description of project(s) for which the Housing Successor receives or holds property tax revenue pursuant to the ROPS as well as the status of the project(s): TABLE 3: PROJECT DESCRIPTIONS Project Name Washington Street Apartments Status Vertical construction to commence May 2018 Washington Street Apartments Washington Street Apartments ("WSA") is a 72 unit single -story apartment complex affordable to seniors and disabled adults with household incomes ranging from extremely low income to low income. The project consists entirely of one -bedroom apartments. Rents are subsidized pursuant to the US Department of Agriculture Rural Development program. LA QUINTA HOUSING AUTHORITY Page 2 The Redevelopment Agency acquired WSA and a vacant adjacent parcel in 2007 with the intention of substantially rehabilitating the existing units and developing an additional 68 units. The sources of development financing were proposed to be a combination of 2004 and 2011 bond proceeds. Pursuant to ROPS 13-14B, the project shall be developed with $20,017,753 in bond proceeds. Presently, the rehabilitation of the existing units and development of additional units is slated to commence May 2018. City Staff is working with an Affordable Housing Developer and secured 9% tax credit financing to replace the use of a portion of the 2011 bond proceeds. A combination of housing funds, bond proceeds, and tax credit financing will be used to pay for design, architectural, engineering, and project management services in addition to vertical construction and rehabilitation of WSA. The former Redevelopment Agency acquired WSA pursuant to California Redevelopment Law Health and Safety Code Section 33334.1. Health and Safety Code Section 33334.16 required former redevelopment agencies to initiate activities, such as zone changes or disposition and development agreements within five years of acquiring a property. Pursuant to Health and Safety Code Section 33334.16, the legislative body is authorized to extend the deadline to initiate activities by an additional five years upon affirming the intention to develop housing affordable to households of low and moderate income. In 2011, the Housing Authority extended development of WSA by adopting Resolution 2011-070. STATUS OF COMPLIANCE WITH SECTION 33334.16 This section provides a status update on compliance with Section 33334.16 for interests in real property acquired by the former redevelopment agency prior to February 1, 2012. For interests in real property acquired on or after February 1, 2012, provide a status update on the project. Section 34176.1 provides that Section 33334.16 does not apply to interests in real property acquired by the Housing Successor on or after February 1, 2012; however, this Report presents a status update on the project related to such real property. With respect to interests in real property acquired by the former redevelopment agency prior to February 1, 2012, the time period described in Section 33334.16 shall be deemed to have commenced on the date that the Department of Finance approved the property as a housing asset in the LMIHAF; thus, as to real property acquired by the former redevelopment agency now held by the Housing Successor in the LMIHAF, the Housing Successor must initiate activities consistent with the development of the real property for the purpose for which it was acquired within five years of the date of the DOF approved such property as a housing asset. The following provides a status update on the real property or properties housing asset(s) that were acquired prior to February 1, 2012 and compliance with five-year period: LA QUINTA HOUSING AUTHORITY Page 3 TABLE 4: SECTION 33334.16 COMPLIANCE Address of Property Date of Deadline to Status of Housing Successor Acquisition Initiate Activity Development Dune Palms Road and Westward Ho Drive (APN 600-030-004) Dune Palms Road and Westward Ho Drive (APN 600-030-009) Dune Palms Road and Westward Ho Drive (APN 600-030-003) Dune Palms Road and Westward Ho Drive (APN 600-030-008) Washington Street and Hidden River Road (APN 609-040-028) Avenida Mendoza and Avenida Montezuma (APN 773-077-014) Dune Palms Road and Westward Ho Drive (APN 600-030-002) Dune Palms Road and Westward Ho Drive (APN 600-030-005) 6/8/2006 6/8/2016 6/13/2006 6/13/2016 1 /17/2007 1 /17/2017 4/27/2007 4/27/2017 10/ 15/2007 10/ 15/2017 11 /30/2007 11 /30/2017 6/12/2009 6/12/2019 1 /26/2010 1 /26/2020 Deadline met- City has initiated site programming and developed conceptual plans Deadline met- City has initiated site programming and developed conceptual plans Deadline met- City has initiated site programming and developed conceptual plans Deadline met- City has initiated site programming and developed conceptual plans Deadline met- City has received approval of Development Plan and Conditional Use Permit Deadline met- City has initiated site programming and developed conceptual plans Deadline met- City has initiated site programming and developed conceptual plans Deadline met- City has initiated site programming and developed conceptual plans Health and Safety Code Section 33334.16 required former redevelopment agencies to initiate activities, such as zone changes or disposition and development agreements within five years of acquiring a property. Pursuant to Health and Safety Code Section 33334.16, the legislative body is authorized to extend the deadline to initiate activities by an additional five years upon affirming the intention to develop housing affordable to households of low and moderate income. In 2011, the Housing Authority extended development of the abovementioned properties by adopting Resolution 2011-070. The following provides a status update on the project(s) for property or properties that have been acquired by the Housing Successor using LMIHAF on or after February 1, 2012. The Housing Successor did not acquire property on or after February 1, 2012. DESCRIPTION OF OUTSTANDING OBLIGATIONS UNDER SECTION 33413.This section describes the outstanding inclusionary housing obligations, if any, under Section 33413 that remained outstanding prior to dissolution of the former redevelopment agency as of February 1, 2012 along with the Housing Successor's progress in meeting those prior obligations, if any, of the former redevelopment agency and how the Housing Successor plans to meet unmet obligations, if any. The housing successor does not have any obligations to fulfill under Section 33413. INCOME TEST LA QUINTA HOUSING AUTHORITY Page 4 This section provides the information required by Section 34176.1(a)(3)(B), or a description of expenditures by income restriction for a five year period, with the time period beginning on January 1, 2014 and whether the statutory thresholds have been met. Reporting of the Income Test is not required until 2019. The Housing Successor has not historically tracked expenditures on extremely low income households. At this time, the Housing Successor does not possess sufficient information to provide details of expenditures on extremely low income households over the last five years. Expenditures in the previous Fiscal Year can be distributed based on known household incomes (refer to Table 1 for the distribution of expenditures by household income level for the Fiscal Year). Going forward, however, the Housing Successor will be tracking expenditures by income level such that the Housing Authority can report on expenditures by household income over a five year period. SENIOR HOUSING TEST This section provides the percentage of units of deed -restricted rental housing restricted to seniors and assisted individually or jointly by the Housing Successor, its former Redevelopment Agency, and its host jurisdiction within the previous 10 years in relation to the aggregate number of units of deed -restricted rental housing assisted individually or jointly by the Housing Successor, its former Redevelopment Agency and its host jurisdiction within the same time period. For this Report the ten-year period reviewed is 2007 to 2017. TABLE 5: SENIOR HOUSING TEST Unit Category # of Units Assisted Senior Rental Units 289 Total Assisted Rental Units 1232 Senior Housing Test M) 23% EXCESS SURPLUS TEST The Housing Successor does not presently retain a computed excess surplus pursuant to Health and Safety Code Section 34176.1. For the purpose of this section of the Report, pursuant to Section 34176.1(d), "'excess surplus' shall mean an unencumbered amount in the account that exceeds the greater of one million dollars ($1,000,000) or the aggregate amount deposited into the account during the housing successor's preceding four fiscal years, whichever is greater." If the Unencumbered Amount (See Table 6) does not exceed the greater of the aggregate amount deposited into the LMIHAF during the preceding four fiscal years or $1,000,000, whichever is greater, there is no excess surplus. The Housing Successor computed excess surplus is noted below in table 6. TABLE 6: EXCESS SURPLUS TEST Unencumbered Amount (Available Housing Successor Funds) Aggregate Deposited for Last Four Years Greater of Aggregate Deposited for Last Four Years or $1,000,000 Computed Excess Surplus FY 2016-17 $9, 348,143 $12,003,127 $12,003,127 None LA QUINTA HOUSING AUTHORITY Page 5 City of La Q u i nta BUSINESS SESSION ITEM NO.1 HOUSING COMMISSION MEETING: March 14, 2018 STAFF REPORT AGENDA TITLE RECOMMEND DECLARATION OF FOUR HOUSING AUTHORITY PARCELS AS NOT REQUIRED FOR FORESEEABLE NEEDS AND AUTHORIZATION TO DISPOSE PURSUANT TO STATE LAW HEALTH AND SAFETY CODE SECTION 34315 RECOMMENDATION Recommend declaring four parcels owned by the La Quinta Housing Authority as not needed for foreseeable needs and authorize staff to dispose of the parcels in accordance with State requirements. EXECUTIVE SUMMARY • Recommend declaring as not needed for foreseeable needs four (4) Housing Authority (Authority) properties bearing Assessor's Parcel Numbers (APN): 773- 223-022, 733-233-019, 773-234-015, and 770-140-002 Recommend the Housing Authority authorize staff to pursue disposition of the properties in accordance with the requirements of Health & Safety Code 34315.7. FISCAL IMPACT There are sufficient funds available in account number 241-9101-60103 (Housing Authority, Professional Services) for costs associated with these actions. Revenue from dispositions would be allocated to 241-0000-45000 (Housing Authority, Sale of Assets). BACKGROUND/ANALYSIS The La Quinta Housing Authority (Housing Authority) currently owns four (4) vacant unimproved parcels located in the Cove neighborhood, identified as APN: 773-223- 022, 733-233-019, 773-234-015, and 770-174-002 (the Parcels), as depicted on the attached Site Maps (Attachment 1). The Parcels were acquired by the former La Quinta Redevelopment Agency (Agency) as a way to eliminate blight in the Cove Neighborhood, with the intention that the Agency would either sell the Parcels to a developer for affordable housing or directly develop the Parcels with affordable housing. Due to the elimination of the Agency, these real property assets were transferred to the Housing Authority. Housing Authority staff has considered developing the Parcels, but after further evaluation it was determined that the Parcels would be too costly to develop as single-family homes and too small for multi -family housing. Staff requests the Housing Commission recommend that the Housing Authority determine the Parcels are not required for the Housing Authority's foreseeable needs, and direct staff to pursue disposition of the Parcels pursuant to the requirements of Health and Safety Code Section 34315.7, which generally requires that the Parcels be made available to various entities for development of affordable housing. When marketing the Parcels, the Authority will not extend any financial assistance to potential developers for affordable housing projects. At such time as all of the Parcels have been disposed, Housing Authority staff will submit to the Housing Authority a written report outlining the terms of each disposition. Revenue from any disposition will be allocated to the Housing Authority Fund and restricted for housing programs. ALTERNATIVES Staff does not recommend an alternative. Prepared by: Angela Ferreira, Management Specialist Approved by: Gilbert Villalpando, Business Analyst Attachment: 1 Site Maps Attachment 1 Assessor's Parcel Number Location Square Feet/Acres 770-174-002 Northwest Section of 11,326 Square Feet Washington Street and Avenida La Fonda 773-233-019 Southeast Section of Avenida 4,792 Square Feet Villa and Calle Sonora 773-223-022 Southeast Corner of Avenida 4,792 Square Feet Herrera and Calle Sonora 773-234-015 Northeast Section of Avenida 4,792 Square Feet Navarro and Calle Durango APN 770-174-002 Nortwest Section of Washington Street and Avenida La Fonda 4 -_ APN 773-223-019 Southeast Section of Avenida Villa and Calle Sonora APN 773-223-022 Southeast Corner of Avenida Herrera and Calle Sonora DIE) k9 t [jam' APN 773-234-015 Northeast Section of Avenida Navarro and Calle Durango �. Pam•_ • ■ POWER POINTS HOUSING COMMISSION MEETING March 14, 2018 o=o** no oo° w �i r- w Housing Commission Meeting March 14, 2018 Business Session 1 Recommend declaration of four Housing Authority parcels as not required for foreseeable needs and authorization to dispose pursuant to State Health and Safety Code Section 34315.7 Washington Street and Avenida La Fonda Avenida Villa and Calle Sonora iv ■ t 4 a _ Ni m - m - �g Calle Sonora -� Auenue Uilla Avenida Herrera and Calle Sonora Avenida Navarro and Calle Durango Housing Commission Meeting December 19, 2017