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FY 2003-2004 - HCD Annual Report of Housing Activity for RDA
HCD REPORT OF REDEVELOPMENT AGENCY HOUSING ACTIVITY FOR FY ENDING: 6 / 30 I 04 Agency Name and Address: La Quinta Redevel meat Agency 78-495 Calle Tampico La CA 92253 County of Jurisdiction: Riverside Health & Safety Code Section 33080.1 requires agencies to annually report on their Low & Moderate income Housing Fund and h in activities for the Department of Housing and Community Development (HCD) to annually report on agencies' activities in accordance with Section 33080.6. Section 33080.3 specifies agencies mast send this form, HCD Schedules, and an Audit EM9rt to the State Controller Please answer each question below. Your answers determine which HCD SCHEDULES must be completed in order for the agency to fulfill the statutory requirement to report LIvIIHF housing activity and fund balances for the reporting period. 1. Check one of the items below to identify the Agency's status at the end of the reporting period: ❑ New (Agency formation occurred during reporting year. No financial transactions were completed). ® Active (Financial and/or housing transactions occurred during the reporting year) ❑ Inactive (No financial and/or housing transactions occurred during the reporting year). ONLY COMPLETE ITEM 7 ❑ Dismantled (Agency adopted an ordinance to dissolve itself). ONLY COMPLETE ITEM 7 2. How many adopted project areas did the agency have during the reporting period? How many project areas were mer during the reporting period? If the agency has one or more ado ted oroject areas corrmlete SCHED E HCD-A for each ro ect area. If the agency has no adopte-d roject areas DO NOT cornplete SC` MDULE HCD-A. 3. Within an area outside of any adopted redevelopment project area(s): (a) did the agency destroy or remove any dwelling units or displace any households over the reporting period, (b) does the agency intend to displace any households over the next reporting period, (c) did the agency permit the sale of any owner -occupied unit prior to the expiration of land use controls over the reporting period, and/or (d) did the agency execute a contract or agreement for the construction of any affordable units over the next two years? ❑ Yes (any question). Complete SCHEDULE HCD-B. ® No (all questions). DO NOT complete SCHEDULE HCD-B. 4. Did the agency have any funds in the Low & Moderate Income Housing Fund during the reporting period? ® Yes. Complete SCHEDULE HCD-C. ❑ No. DO NOT complete SCHEDULE HCD-C. 5. During the reporting period, were housing units completed within a pM ect area and/or assisted by thea enc outside a ro`ecct arca? ® Yes. Complete all applicable HCD SCHEDULES D1 -D7 for each housing proied compfeted and HCD SCHEDULE E. ❑ No. DO NOT complete HCD SCHEDULES D1 -D7 or HCD SCHEDULE E. 6. Indicate whether HCD financial and housing activity inforniation has been reported using method A and/or B checked below: ® A. Forms. All required HCD SCHEDULES A B C D1 -D7 and E are attached. ❑ B. On-line (http.-IA~.hcd.ca.gov/rdaQ' Lock Report" date: HCD SCHEDULES not required. (lock date is shown under "admin "Area and "Report Change History') 7. To the best of my knowledge: (a) the representa above and ) age cy information reported are correct: D�axmber 14,7004 Date gnature of Autho Agency Representative Title (760)777-7159 Telephone Number IF NOT R.EOUIRED TO REPORT SUBMIT ONLY THIS PAGE IF RE IRF..A TO RE RTi'IEMIT THIS PAGE AND: APPLICABLE MCD FORM5 SLHEDULES A -,Q and/or PROOF OF ELE RUNIC RE RTING SUBMIT THIS AND ALL OTHER FORMS W1THA OP OF THE AUDIT REPORT TO THES TATE CLINTROLLER; Division of Accounting and Reporting Local Government Repordhg Section 3301 C Street Suite 500— Sacramento, CA 95816 '15 Redevelopment Agency Annual Report - Fiscal Year 2003-2004 HCD-Cover Cover (7/1#04) 1 64 SCHEDULE HCD-A Inside Project Area Activity for Fiscal Year that Ended 6 / 30 / 04 Agency Name: _La Ottinta Rcdevclopmcnt Agency_._ Project Area Name: Project Area No. 1 Preparer's Name, Title: Michael Benjamin, Analyst Preparers E -Mail Address: _mbenjarnin@wabrsg-mn Preparer's Telephone No: 714 5414585 Preparer's Facsimile No: (714)541-1175 GENERAL INFORMATION 1. Project Area information a. 1. Year 1' plan for project area was adopted:1j 983 2. Year that plan was last amended (if applicable):19995 3. Was plan amended after 2001 to extend time limits per Senate Bill 211 (Chapter 741, Statutes of 2001)? Yes_ No X 4. Current expiration of plan: 11 / 29 / 2023 mo day yr b. If project area name has changed, give previous name(s) or number:_ c. Year(s) of any mergers of the project area: , Identify former project areas that merged: d. Year(s) project area plan was appended involving real property that either: (1) Added property to plan: (2) Removed property from plan: 2. Affordable Housing Replacement and/or Inchrsionary'or Production Requirements (Section 33413). Prc-1976 proiect areas not subsequently amended after 1975: Pursuant to Section 33413(d), only Section 33413(a) replacement regWrem ents apply to dwelling units destroyed or removed after 1995. The Agency can choose to apply all or part of Section 33413 to a project area plan adopted before 1976. If the agency has elected to apply all or part of Section 33413, provide the date of the resolution and the applicable Section 33413 requirements addressed in the scope of the resolution. Date: mo day yr Resolution Scope (applicable Section 33413 requirements). Post -1975 proiect areas and geographic areas added by amendwrtt after 1975 to pre -1976 project areas: Both replacernernt and inclusionary or production requirements of Section 33413 apply. NOTE: Amounts to report on HCD-A lines 3a(1), 3b -3f, and 31. can be taken from what is reported to the State Controller's Office (SCO) on the Statement of Income and Expenditures as part of the Redevelopment Agency's Financial Transactions Report, except for the reclassifying of Transfers -In from Internal Funds and the reporting of Other Sources as discussed below: Transfers -In from other internal funds: Report the amount of transferred funds on applicable HCD-A, lines 3a+ For example, report the amount transferred from the Debt Service Fund to the Housing Fund for the deposit of the required set-aside percentage/amount by reporting gross tax increment on HCD-A, Line 3a(1) and report the Housing Fund's share of expenditures for debt service on HCD-C, Line 4e. Do not report "net" funds transferred from the Debt Service Fund on HCD-A, Line 3a(3) when reportinL debt service ependitures on HCD-C, Line 4c. Other Sources: Non -GAAP LGGenerally Acceptable Accounting Principles) revenues such as from land sales for those agencies using the Land Held for Resale method to record land sales should be reported on HCD-A Line 3d. Housing fund receipts for the repayment of loan principal should be included on HCD-A Line 3h. Califomia Redevelopment Agencies — Fiscal Year 2003-2004 Sch A (7/1/04) rt 6 f HCD-A 65 Agency Name: _La Quints. Redcvclopment Agency_ Project Area Name: Project Arca No. I Project Area Housiniz Fund Revenues and Other Source 3. Report all revenues and other sources of fiords from this project area which accrued to the Housing Fund over the reporting year: Any income related to agency -assisted housing located outside the project area(s) should be reported as "Other Revenue" on Line 3j. (of this Schedule A), if this project area is named as beneficiary in the authorizing resolution. Any other revenue sources not reported on lines 3a. -M., should also be reported on Line 3j. Enter on Line 3a(1) the full 100% of gross Tax Increment allocated prior to applicable pass through of funds and deductions for fees (refer to Sections 33401, 33446, & 33676). Compute the required minirr= percentage (%) of gross Tax Increment and enter the amount on Line 3a(2)(A) or 3a(2)(B). Next; report the amount of Tax Increment set-aside before any exemption and/or deferral (if anxount_set-aside is less than required ninirnum%1, explain the difference). If any amount of Tax Increment was cxetnpted or deferred, in addition to gmMletipZ lines 3a(4) and/or 3aQ, coMplete Line 4 and/or Line 5. To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(6)], subtract allowable amounts exempted [Line 3a(4)] or deferred [Line 3a(5)] from the actual amount allocated to the Housing Fund [Line 3a(3)]. a. Tax Increment: (1) 100% of Gross Allocation: $ Y29,958,693 (2) Calculate only 1 set-aside amount: either A or below: (A) 20% required by 33334.2 (Line 3a(1) x 20%): $ _5.991.739 (B) 301/6 required by 33333.10(g) (Line 3a(1) x L0%): $ (Senate Bill 211, Chapter 741, Statutes of 200 1) (3) Amount of set-aside (Line 3a(2)) allocated to Housing Fund $ 5.991.739 * It pursuant to Section 33334.3(1), less than the mrmnann % of Gross Tax Increment (see 3a(2) above) is being allocated from this project area, identify the project area(s) contributing the difference. Explain any other reason(s): (4) Amount Exempted [Health & Safety Code Section 33334.2] (if there is an amount exempted, also complete question #4, next page): ($ (5) Amount Deferred [Health & Safety Code Section 33334.6] (if there is an amount deferred, also complete question #5, next page): ($ (6) Total deposit to the Housing Fund [result of Line 3a(3) through 3a(5)]: $ 5 1 739 b. Interest Income: ' $ __J,854 c. RentaVUase Income (combine amounts separately reported to the SCO): $ 3 7 598 d. Sale of Real Estate: $ e. Grants (combine amounts separately reported to the SCO): $ f. Bond Administrative Fees: $ g. Deferral Repayments (also complete Line 5c(2) on the next page): $ h. Loan Repayments: $ i. Debt Proceeds: $ _44.215.441 j. Other Revenue(s) [Explain and identify amount(s)]: Developer Fees $ 20,275 2ad Trust Deed repayment & Home Sale Proceeds $ 524,200 Reirnburscn=ts and repayments $ 332,274 $ 876,749 k. Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6). through 3j.): $ 51,453,431 Califomia Redevelopment Agencies — Fiscal Year 2003-2004 HCD-A 77 Sch A (7/1/04) 66 Agency Name: _L.a QWpg Redevelopment Agency Project Area Name: Project Area No. 1 Exemption(s) 4. a. If an exemption was claimed on Page 2, Line 3a(4) to deposit less than the required amount, complete the following information: Zeck only one of the Health and Safety Code Sections below providing a basis for the exemption: ❑ Section 33334.2(ax1): No need in coammnity to increase/improve supply of lower or moderate income housing. ❑ Section 33334.2(a)(2): Less than the mininuun set-aside % (201/o or 301/6) is sufficient to meet the need. ❑ Section 33334.2(a)(3): Cknn nmity is making substantial effort equivalent in value to minimum set-aside % (20% or 30%) and has specific contractual obligations incurred before May 1, 1991 requiring continued use of this funding. Note: Pursuant to Section 33334.2(a)(3)(C), this exemption expired on June 30, 1993 but contracts entered into prior to May 1, 1991 may not be subject to the exemption sunset. ❑ Other: Specify code section and reason(s): b. For any exemption claimed on Page 2, Line 3a(4) and/or Line 4a above, identify: Date that initial (1") finding was adopted: 1 1 Resolution # Date sent to HCD: 1 wo NY- yr ma 'may yr Adoption date of MggM yea_*ArKiincr: 1 1 Resolution # Date sent to HCD: 1 / - mo may yr mo - achy yr Deferral(s) 5. a. Specify the authority for deferring any set-aside on Line 3a(5). Check only Health and Safety Code Section boxes: ❑ Section 33334.6(d): Applicable to project areas approved before 1986 in which the required resolution was sent to HCD before September 1986 regarding deeding tax increment to meet existing obligations. Existing obligations can include those incurred after 1985, if net proceeds were used to refinance pre -1986 listed obligations. Note: The deferral previously authorized by Section 33334.6(e) expired. It was only allowable in each fiscal year prior to July 1, 1996 with certain restrictions. ❑ tither: Specify code Section and reason: b. For any deferral claimed on Page 2, Line 3a(5) and/or Line 5a above, identify: Date that initial (1!) finding was adopted: 1 1 Resolution # Date sent to HCD: ! 1 NT- -&y-yr n Adoption date of reisorting veer finding: 1 l Resolution # Date sent to HCD: C � MO day yr mo ay - yr c. A deferred set-aside pursuant to Section 33334.6(d) constitutes indebtedness to the Housing Fund. Summarize the amount(s) of set-aside deferred over the reporting year and cumulatively as of the end of the reporting year: Amount of Prior Cumulative Amount Amount Deferred Deferrals R6'FY Deferred (Net of Any Fiscal Year This Revordn FY Dur' Rc rAmount(s) Repaid) (1) Last Reporting FY $ (2) This Reporting FY $ $ $ * The cumulative amount of deferred set-aside should also be shown on HCD-C, Line 8a. If the prior FY cumulative deferral shown above differs from what was reported on the last HCD report (HCD-A and HCD-C), indicate the amount of difference and the reason: Difference: $ Reason(s): California Redevelopment Agencies — Fiscal Year 2003-2004 Sch A (7/1/04) HCD-A ( v 67 Agency Name: 14 quints Redevelopment Agog Project Area Name: Project Area,No. 1 Deferrals (continued) 5. d. Section 33334.6(g) requires any agency which defers set -asides to adopt a plan to eliminate the deficit in subsequent years. If this agency has deferred set -asides, has it adopted such a plan? Yes ❑ No ❑ If yes, by what date is the deficit to be eliminated? If yes, when was the vrigplan, adopted for the claiiw-d deferral? Identify Resolution # Date Resolution sent to HCD M10 day yr mo day yr mo day yr When was the last anvnded plan adopted for the claimed deferral? / / mo day yr Identify Resolution # _ Date Resolution sent to HCD mo day yr Actual Protect Area Households Displaced sind Units and Bedrooms Lost Over Reporting Year: 6. a. Redevelopment Proiect Activity. Pursuant to Soctions 33080.4(axl) and (ax3), report by income category the number of elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the repardngyear, (refer to Section 33413 for unit and bedroom replacement requirements). Number of Households_/Units/Bedrooms (Project Activity VL L M AM Total Households Permanently Displaced - Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced -Total Units Lost (Removed or Destroyed) and Required to be Replaced Bedrooms Lost (Removed or Destroyed) and Required to be Replaced Above Moderate Units Lost That Agency is Not Required to Replace Above Moderate Bedrooms Lost That Agency is Not Required to Replace b. Other Activity. Pursuant to Sections 33080.4(axl) and (ax3) based on activities other than the destruction or removal of dwelling units and bedrooms repnrted on Line 6a report by income category the number of elderly and nonelderly households permanently displaced over the reporiin Year: Number of Households Other Activity VL I L M AM Total Households Permanently Displaced - Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced - Total c. As required in Section 33413.5, identify, over the Mpqrting year, each replacement housing plan required to be adopted before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households reported on lines 6a. and 6b. Date mo day yr Date mo day yr Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet of paper listing any additional housing plans adopted. California Redevelopment Agencies — Fiscal Year 2003-2004 Sch A (7/1/04) HCD-A I it 68 Agency Name: La Quinta Redeveia ment Agency Project Area Name: Pro'ect Area No, 1 Estimated Pro ect Area Households to be PermanentIV Displaced Over Current Fiscal Year: 7. a. As required in Section 33080.4(a)(2) for a redevelopment project of the agency, estirmte ver the current I the number of elderly and nonelderly households, by income category, expected to be permanently displaced. (Note: actual displacements will be reported for the next reporting year on Line 6). Nurnher of Households Project Activity VL L M AM Total Households Permanently Displaced - Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced - Total b. As required in Section 33413.5, for the current fiscal ear, identify each replacement housing plan required to be adopted before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households reported in 7a. Date 1 1 Name of Agency Custodian Mo day yr Date 1 . 1 Name of Agency Custodian mo day yr Please attach a separate sheet of paper listing any additional housing plans adopted. Units Developed inside the Prosect Area to Fulfill Requirements of Other Project Area(s) 8. Pursuant to Section 33413(b)(2XA)(v), agencies may choose one or more project areas to fulfill another project area's requirement to construct new or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and finds, based on substantial evidence, that the aggregation of dwelling units in one or more project areas will not cause or exacerbate racial, ethnic, or economic segregation. Were any dwelling units in this project area developed to partially or completely satisfy another project area's regmrement to construct new or substantially rebablhtate dwelling units? ® No. ❑ Yes. Date initial finding was adopted? 1 f Resolution # Date sent to HCD: / / mo day yr mo day Yr California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-A so Sch A (7/1/04) 69 Agency Name: La QWnta Redevelopment Agency Project Area Name: Prjo A Area No._1 Sales of Owner -Occupied Units Inside the Pr9lect Area Prior to the Expiration of Land Use Controls 9 Section 33a13(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equity sharing prograrn, agencies may permit the sale of owner -occupied units prior to the expiration of the period of the land use controls established by the agency. Agencies must deposit sale proceeds into the Low and Moderate Income Housing Fund and within three (3) years firom the date the unit was sold, expend funds to make another unit equal in affordability, at the same income level, to the unit sold. a. ales. Did the agency permit the sale of any owner -occupied units during the reporting year? ®No ❑Yes Number f U Units b. Units. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years? ®No ❑Yes $ Total LMIHF Spent On Equal Units Over Number of Units Re rHn Year SALES VL L M Total Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago Affordable Units to be Constructed Inside the Proiect Area Within Two Years 10. Pursuant to Section 33080.4(ax 10), report the number of very low, low, and moderate income units to be financed by any federal, state, local, or private source in order for construction to be completed within two from the date of thea rent or contract executed over the reporting year. Identify the project and/or contractor, date of the executed agreement or contract, and estimated completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be cncumbered for project use within two years from the reporting year's agreement or contract date. DO NOT REPORT ANY UNITS ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR Ds. +— Total Proceeds From Sales Over Reporting Year o m SALES VL L M Total Units Sold Over Reporting Year Name of b. Units. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years? ®No ❑Yes $ Total LMIHF Spent On Equal Units Over Number of Units Re rHn Year SALES VL L M Total Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago Affordable Units to be Constructed Inside the Proiect Area Within Two Years 10. Pursuant to Section 33080.4(ax 10), report the number of very low, low, and moderate income units to be financed by any federal, state, local, or private source in order for construction to be completed within two from the date of thea rent or contract executed over the reporting year. Identify the project and/or contractor, date of the executed agreement or contract, and estimated completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be cncumbered for project use within two years from the reporting year's agreement or contract date. DO NOT REPORT ANY UNITS ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR Ds. Col A Col B Col Col D Col E Name of Agreement Estimated Sch C Amount Sch C Amount Project and/or Execution Completion Date Encumbered Designated L M Total Contractor Date (wfln_2 of Col B Line 6a Llne 7a VL Pleasb attach a separate sheet of paper to list additional inforrnation. California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-A Sch A (7/1/04) S1 70 SCHEDULE HCD-A Inside Project Area Activity for Fiscal Year that Ended 6 / 30 / 04 Agency Name:-LaQtrinta Redevelaprryent Agency Project Area Name: Project Area No. 2` Prepards Name, Title: b chael Benjamin Analyst Prepards E -Mail Address: _tnbeniaaminZwebrsg.com Preparer's Telephone No: _(714) 541-4585 Preparer's Facsimile No: 014) 541-1175 GENERAL INFORMATION 1. Project Area Information a. 1. Year 1` plan for project area was adopted: 1 89 2. Year that plan was last arnanded (if applicable): _2003 3. Was plan amended after 2001 to extend time limits per Senate Bill 211 (Chapter 741, Statutes of 2001)? Yes_ No X 4. Current expiration of plan: 5 / 16 / 2029 mo day yr b. If project area name has changed, give previous name(s) or number: c. Year(s) of any mergers of the project area: Identify former project areas that merged: d. Year(s) project area plan was amended involving real property that either. (1) Added property to plan: (2) Removed property from plan: 2. Affordable Housing Replacement and/or Inclusionary or Production Requirements (Section 33413). Pre -1976 project areas not subseguengy amended after 1975: Pursuant to Section 33413(d), only Section 33413(a) replacement requirements apply to dwelling units destroyed or removed after 1995. The Agency can choose to apply all or part of Section 33413 to a project area plan adopted before 1976. If the agency has elected to apply all or part of Section 33413, provide the date of the resolution and the applicable Section 33413 requirements addressed in the scope of the resolution. Date: / / Resolution Scope (applicable Section 33413 requirements mo day yr Post -1975 project areas and geo€ Whic areas added by amendment after 1975 to pre -1976 project areas: Both replacermat and inclusionary or production requirements of Section 33413 apply. NOTE: Amounts to report on HCD-A lines 3a(1), 3b -3f, and 31. can be taken from what is reported to the State Controller's Office (SCO) on the Statement of Income and Expenditures as part of the Redevelopment Agency's Financial Transactions Report, except for the reclassifying of Transfers -In from Internal Funds and the reporting of Other Sources as discussed below: Transfers -In from other internal funds: Report the amount of transferred funds on applicable HCD-A, lines 3a j. For example, report the amount transferred from the Debt Service Fund to the Housing Fund for the deposit of the required set-aside percentagetamount by reporting gross tax increment on HCD-A, Line 3a(1) and report the Housing Fund's share of expenditures for debt service on HCD-C, Line 4c. Do note rt "net" funds tr2nsferred from the Debt Service Fund on HCD-A, Line 3a(3) when reportinz debt service expenditures_ on HCD-C Line 4c. Other Sources: Non -GAAP LGenerally Acceptable Accounting Principles) revenues such as from land sales for those agencies using the Land Held for Resale method to record land sales should be reported on HCD-A Line 3d. Housing fund receipts for the repayment of loan principal should be included on HCD-A Line 31L California Redevelopment Agencies — Fiscal Year 2003-2004 Sch A (7/1/04) HCD-A R2 71 Agency Name: L-aQuinta Redevelopment A ency Project Area Name: �Proimt Arca No. 2 Prpiec#_Area Housing Fund Revenues and Other Sources 3. Report all revenues and other sources of funds from this project area which accrued to the Housing Fund over the reporting year. Any income related to agency -assisted housing located outside the project area(s) should be reported as "Other Revenue" on Line 3j. (of this Schedule A), if tltjs„prosect area is named as beneficiary in the authorizing resolution. Any other revenue sources not reported on lines 3a. -3i., should also be reported on Line 3j. Enter online 3a(1) the full 100% of gross Tax Increment allocatedpi or to appiicable pass thxauglyz of fiords and deductions for fees (refer to Sections 33401, 33446, & 33676). Compute the required minimum pereentage (%) of gross Tax Increment and enter the amount on Line 3a(2XA) or 3a(2)(B). Next, report the amount of Tax Increment set-aside before any exemption and/or deferral (if amount set-aside is less than rewired minimum (%), explain the difference). If any amount of Tax Increment was exempted or deferred, in addition to completing. lines 3a(4) and/or 3a(5), complete Line 4 and/or Line 5. To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(6)], subtract allowable amounts exempted [Line 3a(4)] or deferred [Line 3a(5)] from the actual amount allocated to the Housing Fund [Line 3a(3)]. a. Tax Increment: (1) 1001/6 of Gross Allocation: $_15.158.339_ (2) Calculate only 1 set-aside amount: either A or below: (A) 20% required by 33334.2 (Line 3a(1) x 20%): $ 3,031668 (B) 301% required by 33333.10(g) (Line 3a(1) x 20%): $ (Senate Bill 211, Chapter 741, Statutes of 2001) (3) Amount of set-aside (Line 3a(2)) allocated to Housing Fund $ _3,031,668 * X pursuant to Section 33334.3(1), less than the minimum % of Gross Tax Increment (see 3a(2) above) is being allocated from this project area, identify the project area(s) contributing the difference. Explain any other reason(s): (4) Amount Exempted [Health & Safety Code Section 33334.2] (if there is an amount exempted, also complete question #4, next page): ($ (5) Amount Deferred [Health & Safety Code Section 33334.61 (if there is an amount deferred, also complete question #5, next page): ($ (6) Total deposit to the Housing Fund [result of Line 3a(3) through 3a(5)]: $ 3,03 �l 658 b. Interest Income: $ _110.431 c. Rental/Lease Income (combine amounts separately reported to the SCO): $ 63 580 d. Sale of Real Estate: $ e. Grants (combine amounts separately reported to the SCO): $ f. Bond Administrative Fees: g. Deferral Repayments (also complete Line 5c(2) on the next page): $ h. Loan Repayments:. $ i. Debt Proceeds: $ 22.107.745 j. Other Revenue(s) [Explain and identify atnount(s)]: Developer Fees $ 622,305 Other Revenues $ 122,421 $ $ 744,726 k. Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6). through 3j.): $ 26,058,150 Calitomia Redevelopment Agencies — Fiscal Year 2003-2034 HCD-A Sch A (7/1/04) 83 72 Agency Name: �La Ouinta Redevelopment Agency Project Area Name: _Proiect Area No. 2 Exetnptlon(s) 4. a. If an exemption was claimed on Page 2, Line 3a(4) to deposit less than the required amount, complete the following infon-nation: Check only one of the Health and Safety Code Sections below providing a basis for the exemption: ❑ Section 33334.2(axl): No need in community to increase/improve supply of lower or moderate income housing. ❑ Section 33334.2(ax2): Less than the minimum set-aside % (20% or 30%) is sufficient to meet the need. ❑ Section 33334.2(ax3): Communityis malting substantial effort equivalent in value to minimum set-aside % (209/6 or 30%) and has specific contractual obligations incurred before May 1, 1991 requiring continued use of this funding. Note: Pursuant to Section 33334.2(a)(3)(C), this exemption expired on June 30,1993 but contracts entered into prior to May 1,1991 may not be subject to the exemption sunset. ❑ Other: Specify code section and reason(s): b. For any exemption claimed on Page 2, Line 3a(4) and/or Line 4a above, identify: Date that initial 0s) finding was adopted: 1 1 Resolution # Date sent to HCD: 1 J_____ Ino -aa--y—yr Mo day yr Adoption date of KMRKd tg year_Resolution # Date sent to HCD: 1 / mo y yr mo may yr Deferral(s) 5. a. Specify the authority for deferring any set-aside on Line 3a(5). Check only one Health and Safety Code Section boxes: ❑ Section 33334.6(d): Applicable to project areas approved before 1986 in which the required resolution was sent to HCD before September 1986 regarding needing tax increment to meet existing obligations. Existing obligations can include those incurred after 1985, if net proceeds were used to refinance pre -1986 fisted obligations. Note: The deferral previously authorized by Section 33334.6(e) expired. It was only allowable in each fiscal year prior to July 1,19% with certain restrictions. ❑ Other: Specify code Section and reason: b. For any deferral claimed on Page 2, Line 3a(5) and/or Line 5a above, identify: Date that initial (1'h findinn was adopted: 1 ! Resolution # ma -Uiy-- yr Adoption date of reno:rtin y= Sndina: 1 ! Resolution # mo " 5y— yr Date sent to HCD: Date sent to HCD: _1 f_ mo day yr / 1 mo aiy-- yr c. A deferred set-aside pursuant to Section 33334.6(d) constitutes indebtedness to the Housing Fund. Summarize the amounts) of set-aside deferred over the reporting year and cumulatively as of the end of the reporting year: Amount of Prior Cumulative Amount Amount Deferred Deferrals RM id Deferred (Net of Any Fiscal Year This RztgrWg FY pqda RWrtmg FY Amount(s) Repaid) (1) Last Reporting FY $ (2) This Reporting FY $ $ $ ' The cumulative amount of deferred set-aside should also be shown on HCD-C, Line 8a. If the prior FY cumulative deferral shown above differs from what was reported on the last HCD report (HCI) -A and HCD-C), indicate the amount of difference and the reason: Difference: $ Reason(s): Califomia Redevelopment Agencies — Fiscal Year 2003-2004 HCD-A S4 Sch A (7/l/04) '3 73 Agency Name: menta Redevelopment AQenc r Deferrals (continued) 5 Project Area Name: Erroject Area No. 2 d. Section 33334.6(8) requires any agency which defers set -asides to adopt a plan to eliminate the deficit in subsequent years. If this agency has deferred set -asides, has it adopted such a plan? Yes ❑ No ❑ If yes, by what date is the deficit to be eliminated? / / mo day yr If yes, when was the ori gi plan adopted for the claimed deferral? mo day yr Identify Resolution # Date Resolution sent to HCD mo day yr When was the last an=ded plan adopted for the claimed deferral? -/-/ mo day yr Identify Resolution # Date Resolution sent to HCD mo day yr Actual Project Area Households Displaced and Units and Bedrooms Lost Over Reporting Year: 6. a. Redevelopment Project Activity Pursuant to Sections 33080.4(axl) and (ax3), report by income category the number of elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the regarting_year� (refer to Section 33413 for unit and bedroom replacement requirenvats). Number of l~ Iouseholds/Units/Bedrootns Project Activity VL L M AM Total !Households Permanently Displaced - Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced -Total Units Lost (Removed or Destroyed) and Required to be Replaced Bedrooms Lost (Removed or Destroyed) and Required to be Replaced Above Moderate Units Lost That Agency is Not Required to Replace Above Moderate Bedrooms Lost That Agency Is Not Required to Replace b. Other Aetiyi . Pursuant to Sections 33080.4(axl) and (a)(3) based on activities other than the destruction or removal of dwelling units and bedrooms reported on fine 6a, report by income category the number of elderly and nonelderly households pennattently displaced over the re1jorting.yr Number of Households Other Activity VL I L M AM Total Households Permanently Displaced - Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced - Total c. As required in Section 33413.5, identify, over the rM2rting year, each replacement housing plan required to be adopted before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households reported on lines 6a. and 6b. Date / / Name of Agency Custodian mo day yr Date / / Name of Agency Custodian mo day yr Please attach a separate sheet of paper listing any additional housing plans adopted. California Redevelopment Agencies — Fiscal Year 2003-2004 Sch A (7/1/04) ICOM 74 Agency Name: La Qgkta Redevelopment Agency Project Area Name: Project Area No._2 Estimated Prosect Area Households to be Permanently Displaced Over Current Fiscal Year: 7. a. As required in Section 33080.4(ax2) for a redevelopment project of the agency, estimate, over the current fiscal year, the number of elderly and nonelderly households, by income category, expected to be permanently displaced. (Note: actual displacements will be reported for the next reporting year on Line 6). Number of Households Project Activity VL L M AM Total Households Permanently Displaced - Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced - Total b. As required in Section 33413.5, for the current fiscal yeas identify each replacement housing plan required to be adopted before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms inVacting the households reported in 7a. Date mo day yr Date mo day yr Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet of paper listing any additional housing pians adopted, Units DevelogO Inside the Pro ect Area. to Fulfill Rog ulremmeents of Other Pro ect Aresx s 8. Pursuant to Section 33413(b)(2XAxv), agencies may choose one or more project areas to fulfill another project area's requirement to construct new or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and finds, based on substantial evidence, that the aggregation of dwelling units in one or more project areas will not cause or exacerbate racial, ethnic, or economic segregation. Were any dwelling units in this project area developed to partially or completely satisfy another project area's requirement to construct new or substantially rehabilitate dwelling units? ® No. ❑ Yes. Date initial finding was adopted? 1 / Resolution # Date sent to HCD: / / mo yr mo day yr Number of Dwe Units Name of Other Project Area(s) VL L M Total California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-A Sch A (7/1/04) 86 75 Agency Name: La Ouinta Redevelopment Agency Project Area Name: _Proiect Area No. 2 Sales of Owner -Occupied Units Inside the Project Area Prior to the E!Mlration of Land Use Controls 9. Section 33413(cX2XA) specifies that pursuant to an adopted program, which includes but is not limited to an equity sharing, program agencies may permit the sale of owner -occupied units prior to the expiration of the period of the land use controls established by the agency. Agencies must deposit sale proceeds into the Low and Moderate Income Housing Fund and within three (3) years from the date the unit was sold, expend funds to make another unit equal in affordability, at the same income level, to the unit sold. Sales. ®No ❑Yes Did the agency permit the sale of any owner -occupied units during the reporting year? FgLLal Units. ®No []Yes ! Total LNMF Spent On Equal Units Over Number of Units Re rtlng Year SALES VL L M Total Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years? Affordable Units to be Constructed Inside the Project Area Within Two Years 10. Pursuant to Section 33080.4(aX 10), report the number of very low, low, and moderate income units to be financed by any federal, state, local, or private source in order for construction to be completed within two ears from the date of the agreement or contract executed over the repoarting year. Identify the project and/or contractor, date of the executed agreement or contract, and estimated completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years from the reporting year's agreement or contract date. DO NOT REPORT ANY UNITS ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR Ds. Col A Total Proceeds From Sales Over Reporting Year Number of Units SALES VL L M Total Units Sold Over Reporting Year Name of FgLLal Units. ®No []Yes ! Total LNMF Spent On Equal Units Over Number of Units Re rtlng Year SALES VL L M Total Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years? Affordable Units to be Constructed Inside the Project Area Within Two Years 10. Pursuant to Section 33080.4(aX 10), report the number of very low, low, and moderate income units to be financed by any federal, state, local, or private source in order for construction to be completed within two ears from the date of the agreement or contract executed over the repoarting year. Identify the project and/or contractor, date of the executed agreement or contract, and estimated completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years from the reporting year's agreement or contract date. DO NOT REPORT ANY UNITS ON THIS SCHEDULE A THAT ARE REPORTED ON OTHER HCD-As, B, OR Ds. Col A Col B Col C Col D Col E Name of Agreement Estimated Sch C Amount Sch C Amount Project and/or Execution Completion Date Encumbered Designated Contractor Date w/ln 2 yrs of Col B Line 8a Line 7a VL L M Total 48/Adams Jan -2003 $ 149 149 Centerpoint La Quinta Dec -2003 $ S •40 40 Cameo Homes Apts Mar -2003 $ f 75 75 Vista Dunes Mobile Dec -2003 $ i 80 80 Home Park Please attach a separate sheet ofpaper to list additional information. California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-A Sch A (7/l/04) 31 76 SCHEDULE HCD-C Agency -wide Activity for Fiscal Year Ended 6 / 30 / 04 Agency Name: La Quints RedevelMn-cnt Agency County: Riverside Preparers Name, Title: Michael Beniamin. Analyst— Preparers E -Mail Address: _nabeg;aminrgNmbrsg.com Preparer's Telephone No: _(714) 5414585 Preparer's Facsimile No: (714)_541-1175 Low & Moderate Income Housiniz Funds Report on the "status and use of the agency's Low and Moderate Income Housing Fund" Most infomiation reported here should be based on information reported to the State Controller. 1. Beginning Balance (Use "Net Resources Available" from last fiscal year report to HCD) a. If Beginging Balance r uires ad'ustmen s identi the reason and anxrunt for each adjustment: Use < $ > for negative amounts or amounts to be subtracted Prior period adiustment to match beginning balance from CAFR_ $_74,623_ _ _ b. Total Adjustment(s) (indicate whether positive or <negative>) c. Adjusted Beginning Balance [Beginning Balance plus + or minus G> Total Adjustment(s)] 2. Project Area(s) Receipts and Housing Fund Revenues a. All Project Areas. Total Deposits [Sum of amount(s) from Line 3k,HCD-A(s)] b. Other revenues not reported on Schedule HCD-A(s) [Identify source(s) and amount(s)]: Proceeds from sale of capital assets $108,574 __- c. Total Housing Fund Revenues 3. Total Resources (Line lc. + Line 2a + Line 2c.) $ 10 170 703 $ -74 623 $10,096,080 $�77,511,581� $ 87,716,231 NOTES: Many amounts to report as Expenditures and Other Uses (beginning on the next page) should be taken from amounts reported to the State Controller's Office (SCO). Review the SCO's Redevelopment Agencies Financial Transactions Report. Housing Fund "transfers -out" to other internal Agency fimds: Report the specific use of all transferred funds on applicable lines 4a: k of Schedule C. For example, transfers from the Housing Fund to the Debt Service Fund for the repayment of principal and interest of debt proceeds deposited to the Housing Fund should be reported on the applicable item comprising HCD-C Line 4c, providing tax increment (gross and deposit amounts) were reported on Sch-As. External transfers out of the Agency should be reported on HCD-C Line 4j (e.g.: transfer of excess surplus to the County Housing Authority). Other Uses: Non -GAAP (Generally Accepted Accounting Principles) recording of expenditures such as land purchases for agencies using the Land Held for Resale method to record land purchases should be reported on HCl] -C Line 4a(1). Funds spent resulting in loans to the Housing Fund should be included in HCD-C lines 4b., 4f., 4g., 4h., and 4i as appropriate. The statutory cite pertaining to Community Redevelopment Law (CRL) is provided for preparers to review to determine the appropriateness of Low and Moderate Income Housing Fund (LMIHF) expenditures and other uses. HCD does not represent that line items identifying any expenditures and other uses are allowable. CRL is accessible on the Internet ,(website: htt ://www.le info.ca- ov/ (California Law)] beginning with Section 33000 of the Health and Safety Code. California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-C Q M 7 Sch C (7/1/04) v s Agency Name: La QWnta RedevelopM�nt Agency 4. Expenditures,. Loans, and Other Uses a. Acc uisition of Property & Building Sites f33334.2(e)f l)l & Housine f33334.2(e (1) Land Purchases (Investment — Land Held for Resale) • $ (2) Housing Assets (Fixed Asset) " $ (3) Acquisition Expense $ (4) Operation of Acquired Property $ (5) Relocation Costs $ (6) Relocation Payments $ (7) Site Clearance Costs $ (8) Disposal Costs $ (9) Other (Explain and identify amoungs)]: * Reported to SCO as part of Assets and Other Debts (10) Subtotal Property/Building Sites/Housing Acquisition (Sum of Lines 1— 9) $ 0 b. Subsidies fMm Low and Moderate Income Housing Fund aXI (1) 1" Time Homebuyer Down Payment Assistance $ (2) Rental Subsidies $ (3) Purchase of Affordability Covenants [33413(b)2(B)] $ (4) Other [Explain and identify amount(s)]: (5) Subtotal Subsidies from LMDU (Sum of Lines 1— 4) $ 0 c. Debt Service j33334.2 e 1(91. If paid from LMIHF, report LMHHF's share of debt service. If paid from Debt Service Fund, ensure "gross" tax increment is reported on HCD-A(s) Line 3a(1). (1) Debt Principal Payments (a) Tax Allocation, Bonds & Notes $ 2,069,439 (b) Revenue Bonds & Certificates of Participation $ (c) City/County Advances & Loans $ (d) U. S. State & Other Long—Term Debt $ (2) Interest Expense $ (3) Debt Issuance Costs $ (4) Other [Explain and identify anxoungs)]: (5) Subtotal Debt Service (Sum of Lines 1— 4) $ 2,069,439 d Planning and Administration Costs_ [33334.3 (c)(1)1: (1) Administration Costs $ (2) Professional Services non project s ecific $ (3) Planning/Survey/Design (non project specific) $ 4,153,923 (4) Indirect Nonprofit Costs [33334.3(e)(1)(B)] $ (5) Other [Explain and identify amount(s)]: (6) Subtotal Planning and Administration (Sum of Lines 1— 5) $ 4,153,923 California Rodevelopment Agencies — Fiscal Year 2003-2004 Sch C (7/1/04) • • HCD-C 78 I Agency Name: La Ouinta Redevelopment Agency 4. Expenditures, Loans, and Other Uses (continued) e. On/Off-Site Improvements [33334.2(e)(2)] Complete item 13 E Housing Construction [33334.2(e)(5)] g. Housing Rehabilitation [33334.2(e)(7)] h. Maintenance of Mobilehome Parks [33334.2(e)(10)] i. Preservation of At -Risk Units [33334.2(exl 1)] j. Transfers Out of Agency (1) For Transit village Development Plan (33334.19) $ (2) Excess Surplus [33334.12(a)(1)(A)] $ (3) Other (specify code section authorizing transfer and amount) A. Section $ B. Section $ $ Other Transfers Subtotal $ (4) Subtotal Transfers Out of Agency (Sum of j(1) through j(3)) $ 0 k. Other Expenditures, Loans, and Uses [Explain and identify amount(s)]: Transfers to City of La Quinta S 14,323,646 Subtotal Other Expenditures, Loans, and Uses $ 14,323,646 I. Total Expenditures, Loans, and Other Uses (Sum of lines 4a. -k.) $ 20,547,008 5. Net Resources Available [End of Reporting, Fiscal Year] [Page 1, Line 3, Total Resources minus Total Expenditures, Loans, and Other Uses on Line 4.1.] $ 67,169,223 6. Encumbrances and Unencumbered Balance a. Encumbrances. Amount of Line 5 reserved for future payment of legal contract(s) $ 59,780,407 or agreernent(s). See Section 33334.12(g)(2) for definition. .Refer to item 10 on Sch A(s) and item 4 on Sch-B. b. Unencumbered Balance (Line 5 minus Line 6a). Also enter on Page 4, Line l la. $ 7.,388,816 7. Designated/Undesignated Amount of Available Funds A Designated From Line 6b.-Budgeted/planned to use near-term $ portion Refer to item 10 on Sch A(s) and item 4 on Sch-B b. Undesignated From Line 6b- Not yet budgetecliplanned to use S portion 8. Otter Housing Find Assets (nor included as part of Line 5) a. Indebtedness from Deferrals of Tax Increment (Sec. 33334.6) [refer to Sch-A(s), Line 5c (2)]. $ b. Value of Land Purchased with Housing Funds and Held for Development of Affordable Housing. Complete Sch-C item 14. $ c. Loans Receivable for Housing Activities $ d. Residual Receipt Loans (periodicifiuctuating payments) $ e. ERAF Loans Receivable (all years) (Sec. 33681) $ f. Other Assets [Explain and identify amount(s)]: s g• Total Other Housing Fund Assets (Sum of lines 8a. -f) $ 0 9. TOTAL FUND EQUITY[Line 5 (Net Resources Available) +8g (Total Other Housing Fund Assets] $ 67,169,223 Compare Line 9 to the below amount reported to the SCO (Balance Sheet of Redevelopment Agencies Financial Transactions Report. [Explain differences and identify amoungs)]: ENTER LOW -MOD FUND TOTAL EQUITIES (BALANCE SHEET) REPORTED TO SCO $ 67,169,223 90 California Redevelopment Agencies — Fiscal Year 2003-21X14 HCD-C 79 Sch C (7/U04) Agency Name: La Ouinta Redevelopment Agency Excess Surplus Inforamdon Pursuant to Section 33080.7 and Section 33334.12(gxl), report on Excess Surplus that is required to be determined on the first day of a fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the gLeater of: (1) $1,000,000 or (2) .the aggregate amount of tax increment deposited to the Housing Fund during the prior four fiscal years. Section 33334.12(g)(3XA)' and (B) provide that the Unencumbered. Balance can be adjusted for. (1) any remaining revenue generated in the reporting year from unspent debt proceeds and (2) if the land was disposed of during the reporting year to develop affordable housing, the difference between the fair market value of land and the value received. The Unencumbered Balance is calculated by subtracting encumbrances from Net Resources Available. "Encumbrances" are funds reserved and committed pursuant to a legally enforceable contract or agreement for expenditure for authorized redevelopment housing activities [Section 33334.12(g)(2)]. For Excess Surplus calculation purposes, carry over the prior year's HCD Schedule C Adjusted Balance as the Adjusted Balance on the first day of the reporting fiscal year. Determine which is larger. (1) $1 million or (2) the total of tax increment deposited over the prior four years. Subtract the largest amount from the Adjusted Balance and, if positive, report the amount as Excess Surplus. 10. Excess Surplus: C.nnn lern rnlumns I 14- & 5 to calculate Excess Sumlus for the renortine Year. Columns 6 and 7 track prior years' Excess Surplus. Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Sum of Tax Current Current Amount 4 Prior and Current RepOztine Total Tax Increment Deposits to Increment Deposits Over Prior Four Reporting Year i" Day Adjusted Reporti Year 19' Day Excess Surplus Expended/Encumbered Against FY Balance of Excess Surplus as of Remaining Excess Surplus for Each Fiscal Year as of years Housing Fund FYs Balance Balances End of Reporting Year End of Repq tong Year 4 RRtt Yrs Age 1999-00 $ 4,449,326 $ $ $ $ $ 3 Mt Yrs Ago FY 2000„01 $ 5,254,713 $ 2 Rpt Yrs Aga FY 2001-02 $ 6,513,699 $ $ $ 1 Rft, Yr Ago FY 2002-03 $ 7,750,765 $ $ $ CURRENT �f = 2 Last Y='s Sch C f gl 4 Dr nus: urger Reporting Year Ad)gslydBalance ofCcl3.orIlnun {rerrart positive I FY 2003-04 $._23.968.503 $ 1.409.080_ $ 0 $ $ 11. Reporting Year Ending Unencumbered Balance and Adjusted Balance: a. Unencumbered Balance (End of Year) [Page 3, Line 6b] $ 7,388,816 b. If eligible, adjust the Unencumbered Balance for: (1) Debt Proceeds [33334.12(gx3)(B)]: Identify unspent debt proceeds and related income remaining at end of reporting year $ (2) Land Conveyance Losses [(33334.12(gx3XA))]: Identify renortingyear losses from sales/grantslleases of land acquired with low -mod funds, if 49% or more of new or rehabilitated units will be affordable to lower-income households $ 12. Adjusted Balance (for next year's determination of Excess Surplus) [Line 1 la minus sum of l lb(1) and l lb(2)] $ 7,388,816 Note: Do not enter Adjusted Balance in Col 4. It is to be reported as aezt year's 1st day amount to determine Excess Surp a. If there is remaining Excess Surplus from what was deternrincd on the first day of the reporting year, describe the agency's plan (as specified in Section 33334.10) for transferring, encumbering, or expending, excess surplus: b. If the plan described in 12a. was adopted, enter the plan adoption date: California Redevelopment Agencies — Fiscal Year 2003-2004 Sch C (7/1/04) MO day yr gl HC1)-C so Agency Name: La Quinta Redevelopment Agency Miscellaneous Uses of Funds 13. If an amount is reported in 4e., pursuant to Section 33080.4(x}(6), report the total number of very low-, low-, and moderate -income households that directly benefited from expenditures for onsitci ffsite improverrrenis wbich resulted in either new construction, rehabilitation, or the elirn ation of health and safety hazards. (Note: If Line 4e of this schedule does not show expenditures for improvernents, no units should be reported here.) 14. If the agency is holding land for future housing development (refer to Line 8b), summarize the acreage (round to tenths, do not report square footage), zoning, date of purchase, and the anticipated start date for the housing development. Site Name/ ocatlon* No. of Acres Zoning Households Benefiting Estimated Date Available Income Households Households from Elimination of Level Constructed Rehabilitated Health and Safety Hazard Duration of Deed Restriction Very Low Low Moderate 14. If the agency is holding land for future housing development (refer to Line 8b), summarize the acreage (round to tenths, do not report square footage), zoning, date of purchase, and the anticipated start date for the housing development. Site Name/ ocatlon* No. of Acres Zoning Purchase Date Estimated Date Available Comments Please attach a separate sheet of paper listing any additional sites not reported above. 15. Section 33334.13 requires agencies which have used the dousing fund to assist mortgagors in a homeownership mortgage revenue bond program, or home financing program described in that Section, to provide the following information: a. Has your agency used the authority related to definitions of income or family size adjustment factors provided in Section 33334.13(a)? Yes ❑ No ❑ Not Applicable b. Has the agency complied with requirements in Section 33334.13(b) related to assistance for very low-income households equal to twice that provided for above moderate -income households? Yes ❑ No ❑ Not Applicable ED 92 California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-C 81 Soh C (7/l/04) Agency Name: La Quinta Redevelopment Agency 16. Did the Agency use non LMff1F funds as matching funds for the Federal HOME or HOPE program during the reporting period? YES ❑ NO If yes, please indicate the amount of non-LMIHF funds that were used for either HOME or HOPE program support. HOME S HOPE S 17. Pursuant to Section 33080.4(a)(11), the agency shall rwintasn adequate records to identify the date and amount of all LMIHF deposits and withdrawals during the reporting period. To satisfy this requirem nt, the Agency should keep and make available upon request any and all deposit and withdrawal information. DO NOT 8UB1kt'ITA1VYD0CUMENT"ECgRDS. Has your agency made any deposits to or withdrawals from the LMII3F? Yes ❑ No ❑ If yes, identify the document(s) describing the agency's deposits and withdrawals by listing for each document, the following (attach additional pages of similar information below as necessary): Name of document (e.g. ledger, journal, etc.): _Comprehensive Annual Financial Report Name of Agency Custodian (person): John Falconer Custodian's telephone number:(760) 777-7150 Place where record can be accessed: Finance Depattrnent/City Hall Name of document (e.g. ledger, journal, etc.): Name of Agency Custodian (person): Custodian's telephone number: Place where record can be accessed: 18. Use of Other foon Low -Mod Funds Redevelopment Funds for Housin Please briefly describe the use of any non-LMIHF redevelopment fiords (i.e., contributions from the other 80% of tax increment revenue) to construct, improve, assist, or preserve housing in the corru minty. 19. Suggestions/Resource Needs Please provide suggestions to simplify and improve future agency reporting and identify any training, information, and/or other resources, etc. that would help your agency to more quickly and effectively use its housing or other funds to increase, improve, and preserve affordable housing? 20. Annusd Moultorine Reports of Previously Completed Affordable Housin Pro ects1Pr ams Cg&SC 3341.8 Were all Annual Monitoring Reports received for all prior years' affordable housing projects/programs?: Yes ® No ❑ 93 California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-C 82 Sch C (7/l/04) Agency Name: La Quinta Redevelopment A pcy 21. Protect Achievement and HCD Director's Award for Housing Excellence Project achievent information is optional but can serve important purposes: Agencies' achievements can inform Others Of successful redevelopment projects and provide instructive information for additional successful projects. Achievements may be included in HCD's Annual Report of Housing Activities of California Redevelopment Agencies to assist other local agencies in developing effective and efficient programs to address local housing needs. In addition, HCD may select various projects to'receive the Director's Award for Housing Excellence. Projects may be selected based on criteria such as local affordable housing need(s) met, resources utilized, barriers overcome, and project innovation/complexity, etc. Project achievement information should only be submitted for one affordable residential project that was completed within the reporting year as evidenced by a Certificate of Occupancy. Tlie project must not have been previously reported as an achievement. To publish agencies' achievements in a standard format, please complete information for each underlined category below addressing suggested topics in a narrative format that does not exceed two pages (see example, next page). In addition to submitting information with other HCD forms to the State Controller, please submit achievement information on a 3.5 inch diskette and identify the so are type and version. For convenience, the diskette can be separately mailed to: HCD Policy Division, 1800 Street, Sacramento, C',4 95814 or data can be emailed by attaching the file and sending it to: atarrens&cdca. gav or Hevy, d.ca.go_v_. AGENCYiN1LORMATION • Project Type (Choose one of the categories below and one kind of assistance representing the rl ( project type): New/Additional Units (Previously Unoccuoiedfl]ninha-bitable : Existin Units reviousl [}cc icd New Construction to own - Rehabilitation of Owner -Occupied - New Construction to rent - Rehabilitation of Tenant -Occupied - Rehabilitation to own - Acquisition and Rehabilitation to Own - Rehabilitation to rent - Acquisition and Rehabilitation to Rent - Adaptive Re -use - Mobilehomes/Manufactured Homes - Mixed Use Infill - Payment Assistance for Owner or Renter - Mobilehomes/Manufactured Homes - Transitional Housing - Mortgage Assistance - Other (describe) - Transitional Housing _ Other (describe) • Agency Name: • Agency Contact and Telephone Number for the Project: DESCRiP I ION • Project Name • Clientele served [owner, renter, income group, special need (e.g. large family or disabled), etc.] • Number and type of units and location, density, and size of project relative to other projects, etc. • Degree of affordability/assistance rendered to families by project, etc. • Uniqueness (land use, design features, additional services/amenities provided, funding sources/comborahon, before/after protect conversion such as re -use, mixed use, etc.) • Cost (acquisition, clean-up, infrastructure, conversion, development, etc.) HISTORY + Timeframe from planning to opening • Barriers/resistance (legallfinancial/comnwnity, etc.) that were overcome • Problems and creative solutions found • Lessons learned and/or recommendations for undertaking a similar project AGENCY RILE AND ACHIIi.,YEMEPri'l' approval, financing, construction, operation, and cost, etc. • Degree of involvement with concept, design, • Specific agency and/or community goals and objectives met, etc. 94 California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-C 83 Sch C (7/1/04) Agency Name: La Q*ta Redevelopment Agency ACHIEVEMENT EXAMPLE Pro ect Type: NEW CONSTRUCTION- OWNER OCCUPIED Redevelopment Agency Contact: Name (Area Code) Telephone # Project/Program Name: Project or Program Description During the reporting year, construction of 12 homes was completed. Enterprises, which specializes in community self-help projects, was the developer, assisting 12 families in the construction of their new homes. The homes took 10 months to build. The families' work on the homes was converted into "sweat equity" valued at $15,000. The first mortgage was from CHFA. Families were also given an affordable second mortgage. The second and third mortgage loans were funded by LIVIIHF and HOME funds. History The (City or County) of struggled for several years over what to do about the area. The tried to encourage development in the area by rezoning a large portion of the area for multi -family use, and twice attempted to create improvement districts. None of these efforts were successful and the area continued to deteriorate, sparking growing concern among city officials and residents. At the point that the Redevelopment Agency became involved, there was significant ill will between the residents of the and the (City or County). The introduced the project in with discussions of how the Agency could become involved in improving the blighted residentialneighborhood centering on . This area is in the core area of town and was developed with disproportionately narrow, deep lots, based on a subdivision plat laid in 1950. Residents built their homes on the street frontages of _ and leaving large back -lot areas that were landlocked and unsuitable for development, having no access to either avenue. The Agency worked with 24 property owners to purchase portions of their properties. Over several years, the Agency purchased enough property to complete a tract map creating access and lots for building. Other non -profits have created an additional twelve affordable homes. Agency Rale The Agency played the central role. The Project is a classic example of successful redevelopment. All elements of blight were present: irregular, land -locked parcels without. access; numerous property owners; development that lagged behind that of the surrounding municipal property; high development cost due to need for installation of street improvements, utilities, a storm drain system, and undergrounding of a flood control creek; and a low-income neighborhood in which property sale prices would not support high development costs. The Agency determined that the best development for the area would be single-family owner -occupied homes. The Agency bonded its tax increment to fund the off-site improvements. A tract map was completed providing for the installation of the street improvements, utilities, stoma drainage, and the undergrounding of Creep. These improvements cost the Agency approximately $1.5 million. in lieu of using the eminent domain process, the Agency negotiated with 22 property owners to purchase portions of their property, allowing for access to the landlocked parcels. This helped foster trust and good will during the course of the negotiations. The Project got underway once sufficient property was purchased. �5 California Redevelopment Agencies — Fiscal Year 2003-2004 HCD-C 84 Sch C (7/1/04) SCHEDULE HCD-137 GENERAL PROJECTIPROGRAM INFORMATION For each different Project/Program arealname/a or none dev/rental or owner), complete a D1 and applicable D2 -D7. Examples: 1: 25 minor rehab (Nonagy Dev): Area 1: 15 Owner, Area 2: 6 Rental, & Outside: 4 Rental. Complete 3 D -1s & 3 D -5s. 2: 20 sub rehab (nonrestricted): Area X4 Ag'y Dew. Rentals; 16 Nonagy Dev. Rentals. Complete 2 D -1s & 2 D -5s. 3: 15 sub rehab (restricted): Area 4:15 Nonagy Dev, Owner. Complete 1 D-1 & 1 O-3. 4: 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Owner) Complete 2 D -1s, 1 D-4, & 1 D-5. Name of Redevelopment Agency: Identify Project Area or. specify "Outside": General Title of Housing ProjectlProgram: Project/Program Address (optional): Owner Name (optional): Various Total Project(Program Units: # 21 La Quinta Redevelopment Agency Project Area No. 1 La Quinta Housing Program — Home Purchase Loan Program various addresses — in -fill lots Restricted Units: 021 Unrestricted Units: # 0 Was this a federally assisted multi -family rental project [Gov't Code Section 65863.10(a)(3)1? ❑ YES 0 NO Number of units occupied by Ineligible households (e.g. Ineligible income/# of residents In unit) at FY end # 0 Number of bedrooms occupied by Ineligible persons (e.g. ineligible Income/# of residents in unit) at FY and # 0 Number of units restricted for special needs: (number must not exceed 'Total Project Units' #0 Number of units restricted that are serving one or more Special Needs: # 0 ❑ Check, if data not available (Note: A unit may serve multiple "Special Needs" below. Sum of all the below can exceed the 'Number of Units" above) 0 DISABLED (Mental) # 0 FARMWORKER (Permanent) 1#0 TRANSITIONAL HOUSING DISABLED (Physical) FEMALE HEAD OF HOUSHOLD FARMWORKER (Migrant) U n Affordablli andlor Restriction Start Date Restriction End Date Funding Sources: #3 #0 LARGE FAMILY (4 or more Bedrooms) # # 00 ,lal Need Use Restriction Term enter as /moninr e ilacement Housing Units Indus+one Housin Units 7/1/2003 to 6/30/2004 7/1/2003 to 6/3012004 45 Years 45 Years Redevelopment f=unds: Federal Funds State Funds: Other Local Funds: Private Funds: owner's Equity: TCAC/Federal Award: TCACIState Award: Total Development/Purchase Cast: $ 1,375,616.00 $ $ $ $ 1.37 3.18.04 ELDERLY EMERGENCY SHELTERS (allowable use only with "her Housing Units Provided - Without LMlHF" Sch-Dt Other Housinc Units Provided With LMIHF Without LMIHF Check all appropriate form(s) below that will be used to Identify all of this Project's/Program's Units: U it Provided' ® Replacement Housing Units (Sch HCD-D2) Inclusionary Units: 0 Inside Project Area (Sch HCD-D3) ❑ ©utside Project Area (Sch HCD-D4) Other Housing n s ❑With LMIHF (Sch HCD-D5) ❑ Without LMIFIF (Sch HCD-Q6) ❑ No Aclencv Assistance (Sch HCD-D7) g6 Califomia Redevelopment Agendes - Fiscal Year 2003-2004 HCD-D1 85 Sch Dl (7/1/04) SCHEDULE HCD-D2 REPLACEMENT HOUSING UNITS (units not claimed on Schedule D-5,6,7) restricted units that fulfill requirement to replace previously destroyed or removed units) Agency: La Quinta Redevelopment Agency Redevelopment Project Area Name, or "Outside": Project Area No. 1 Affordable Housing Project Name: La Quinta Housing Program — Home Purchase Loan Program Check only one: ® Inside Project Area ❑ {Outside Project Area Check only one. If bath apply, complete a separate form for each (with another Sch D-1): ❑ Age Developed Z Nan -A enc Developed Check only one. If both apply, complete a separate form for each (with another Sch D-1): ❑ Rental ® Owrlef-gpcuU- ed Enter the number of restricted replacement units and bedrooms for each applicable activity below: Note: OINELGO refers to a household that is no longer eligible but still a temporary resident and part of the total A. New Construction: Elderly Units Non Elderly Units To,( Elderly & Non Elderly Units VLOW LOW MOD 19TA-L INELG. VLOW LOW MOD IgTAL INELG. VLOW LOW MOD TOTAL INELG. [III= 0 0 0 4 7 11 E�:] 0 1 4 1 7 1 11 Count of Bedrooms e..: 1 elderLy, low, 2 bdrm unit and 4 nonelderly, low, 2 t►[Irm units m 10 low 2 bdrtm i 5 1 Bedroom Unit (1 x 9 of units) 2 Bedroom Unit (2 x 9 of units) VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 0 0 0 0 [E 0 1 0 1 0 1 0 3 Bedroom Unit (3 x * of units) 4 or more Bedroom Unit (4 x * of units) VLOW LOW MOD 39T6l, INELG. VLOW LOW MOD TOTAL INELG. 0 12 21 33 Ell 0 0 0 0 TOTAL (sum of all unit Bedrooms) VLOW LOW MOD TOTAL INELG. 0 12 21 33 " I B. Substantial Rehabilitation[ Post 931AB 1290 definition. increased value, inclusive of €and. is 325y is Elderly Units [Jon Elderly Units Total Elderly s Non Elderly Units VLOW LOW MOD TOTAL INELG. 'VLOW LOW MOD TOTAL INELG. VLOW LOW MOO TOTAL INELG. FT 0 0 0 0 1 0 0 0 0 12:1 0 0 0 0 Q Count of Bedroorrs e. .: i elderby. mod 1 hdrrn unit and 2 nonelderl mod , -1 bdrm units -3 mod 1 bdrms x 3 1 Bedroom Unit (1 x E of units) 2 Bedroom Unit (2 x 0 of units) VLOW LOW MOD SAL INELG- VLOW LOW MOD TOTAL INELG. 0 0 0 0 r 0 0 0 0 0 3 Bedroom Unit (3 x N of units—) 4 or more Bedroom Unit (4 x # of units) VLOW LOW MOD TgLT INELG, VLOW LOW MOD TOTAL INELG. 0 0 0 0 TOTAL (sum of all unit Bedrooms) VLOW LOW MOD TOTAL INELG. California Redevelopment Agencies - Fiscal Year 2003-2004 HCD-D2 (31 Sch D2 (7/1/04) 8.6 AgencyName: La ouinta Redevelo ment Agencv Housing Project Name: SCHEDULE HCD-D2 REPLACEMENT HOUSING UNITS (continued) Note: 'INELGO refers to a household that is no longer eligible but still a temporary resident and part of the total C. Non -Substantial Rehabilitation fulfills Pro 94 Repiacoment Obligati Elderly Units Non Elderly Units Total Elderly E Non Elderly Units VLOW !OW MOD TAW INELG. VLOW LOW MOD TOTAL. INELG. VLOW LOW MOD TOTAL INELG. 0 1 0 1 0 0 0 0 0 0 L0 Count of Bedrooms e..: 33 nonelder[ vlow, 3 bdrm units and 4 rione—lderi 4 bdrm units TOTAL 25 bdrms 1 Bedroom Unit (1 x # of units) 2 Bedroom Unit (2 x # of units) VLOW LOW MOD 'DOTAL INELG, VLOW LOW MOD TOTAL INELG. 0 0 0 0 ff] 0 0 0 0 L-� 3 Bedroom Unit (3 x # of units) 4 or more Bedroom Unit (4 x # of units) VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 0 0 0 0 I I 0 0 0 0 0 TOTAL (sum of all unit Bedrooms) VLOW LOW MOD 7TQJ INELG. 0 1 0 1 0 1 0 TOTAL UNITS (Add only TOTAL of all "Total Elderly / Non Elderly Units" not bedrooms): 1 i If TDT,4L VNITS is less than "Total Project Units" on HCD Sch DI, r"rt the rem ainiHg units as instructed blow. Check all appropriate form(s) Listed below that will be used to Identify remaining Project Units to be reported: Inclusionary Units Other Housing Units Provided: ® Inside Project Area (Sch HCD-D3) ❑ With LMIHF (Sch HCD-D6) ❑ Outside Project Area (Sch HCD-D4) ❑ Without LMIHF (Sch HCD-D6) ❑ No Assistance (Sch HCD-DT) Identify the number of Replacement Units which also have boon counted as Inclusionary tion EidB� Units. Elderly Units Unita s Total Elderly d. Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TDTA INELG. Fo-. 0 0 0 U Callfomia Redevelopment Agencies - Fiscal Year 2003-2004 HCD-D2 87 Sch D2 (7/1/04) SCHEDULE HCD-D3 INCLUSIONARY HOUSING UNITSIN( SIDE PROJECT AREA) (units not claimed on Schedule D-4,5,6,7) (units with required affordability restrictions that agency or community controls) Agency: La Quinta Redeveiapment Agency Redevelopment Project Area Name: Project Area No. 1 Affordable Housing Project Name: La Quinta Housing Program — Home Purchase Loan Program Check only one. If both apply, complete a se arate form for each (with another Sch-01): ❑ 6iancy Developed Nan -Agency Developed Check only one. If both apply, complete a separate form for each (with another Sch-131): ❑ Rental 0 owner-Occu ied Enter the number of units for each applicable activity below: Note: "INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total A. New Construction Units: TOTAL Elderly &Non Elderly Units Elderly Units Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG- 0 0 0 0 r 0 0 10 0 10 Of Total, Identify the number aggregated from other project areas L(see HCD-A(s), Item 8): 0 B. Substantial Rehabilitation Post-931AB 1290 Definition of Value >25%: Credit for Obligations Since 1994 Elderty units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOTAL INELG. 0 1 0 = 0 0 0 0 Of Total, Identify the number aggregated from other project areas (see HCD-A(s), Item 8): 0 C. Other/Substantial Rehabilitation(Pro-94/AB 1290 Definition: Credit for Obligations Between 1976 and 19941: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOF] TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD SAL INELG. 0 0 0 0 0. 0 0 0 Lf 0 0 0 0 a] D. Acquisition of Covenants Past-931AB '1290 Reform: Orsi Multi -Family Vlow & Low & Other Restrictions Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 0 0 o i. - 1 0 o a Ell TOTAL UNFrS (Add only TOTAL of ail "TOTAL Elderly / Non Elderly Units): 10 ff TOTAL U11+IT is less than "Total Project Units" on HCD Schedule Dl, reporf the remaining units as hnstruded below. Check all appropriate form(s) listed below that will be used to Identify remaining Project Units to be reported: ® Replacement Housing Units ❑ Inclusionary Units outside Project Area) Cather Housing Units Provided: (Sch HCD-D2) (Sch HCD-D4) ❑ With LMIHF (Sch HCD-D5) ❑ Without LMIHF (Sch HCD-D6) ❑ No Assistance (Sch HCD-D7) Identify the number of Inclusionary Units which also have been counted as Replacement Units: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. 0 0 1E0 0 0 0 0 0 California Redevelopment Agencies - Fiscal Year 2003-2004 HCD-D3 gg Sch D3 (7/1/04)