FY 2004-2005 - HCD Annual Report of Housing Activity for RDAH 1 1 mkorIIVIGIY I v
CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
REDEVELOPMENT AGENCY ANNUAL HOUSING ACTIVITY REPORT
FY ENDING: _ .— (i_ ? 30 % 05
Agency Name and Address:
La Quinta Redevelopment Agency
75-495 Calle Tampico
La Quinta, CA 92247 -
County of Jurisdiction:
Riverside
Hcalth & Satcty Code Section 33050.1 requires agencies to annually report on their Lot► & Moderate Inc:umy Nott nk -urirl and htstra
a
activities for the Department of I lousing and Community Development (HCD) to report on agencies' activities in accordance with Section
330` P - .__. d am Audit r�sUrt to the State Controller.
50.6 Section _,3050.3 s ccrfics ct c,n res must Send this I�ttiil, HCD Selredulcti ul._r�
Picric WISWCr catch nucstiutl below. Your answers dr lcm-line which HCD SCHEDULES must be completed in order for the agency to
lidtill the : tattttory requirement to report LM€HI !lousing, activity and fungi balances for the reporting period.
I. Check one ofthc items below to identify the Agency's status at the end of the reporting period:
❑ New (Agency 161-I1latiOn occurred during reporting year. No financial transactions were completed).
® Active (Financial and/or housing transactions occurTe(l during the reporting year)
❑ Inactive (No) financial anCUor housing transactions occurred during the rcportin!(1 year). ONLY C'OMPLL I'E ITEM 7
❑ Dismantled ( Agency adopted an ordinance to dissolve itself). ONLY COMPLETE ITEM 7
How many adoptedMgjr I treat did the agency have during the reporting period? _?
How many project areas Were rood during the reporting period.? 0
if the agency has one or more adont4c� it LLs l Circus, complete SC:H '13fJLE HC D -A tier eerclat►►r► ect rr►r✓e.
Ifthc agency has no,idojtrtdlsr[ cl tirLas, D()1!Z(7T cUtrt lata SCHEDULE HCD-A.
3 Within an arca otitside of any aclopted redevelopment project area(s): (,t) dict the agency destroy or remoc-e any dwelling units
or diSplacc any households over the reporting period, (b) docs the agency intencl to displace any households over the nest reporting
period, (c) did the agency permit the sale of any omier-occupied unit prior to the expiration of land use controls over the reporting
period, and/or (d) did the agency cxccute a contract or agreement Por the construction of any affordable units over the nest two years:'
❑ Yes (any qucstiorr). Complete SCHEDULE HCD-13.
❑ No (all questions). DO NOT complete SCHEDULE HCD-13.
3. Did the agency haveamv funds in the Low & Moderate Income Housing Fund Cluring the reporting period'.)
Yes Complete SCHEDULE I ICD -C
❑ No DO NOT complete SCHEDULE HCD-C.
5. During the reporting period, Nverc houstn,; units Lgjlt}?lgted within a.prtect=weft and, or asssimcd by theagon4 outside;, prtrjert arca :'
Yes. Complete all applicable IiC'D SCHEDULES DI -D7 l >r each hurrsip • project coo ►lrtecl and HCD SCI IFDW I: L-
❑ No. DO NOT compIcte I ICD SCHEDULES D I -D7 or I ICD SCHEDULE F.
6- Indicate whether HCD financial and housing activity information has been reported using method A and/or B checked hc1mv:
A. Forms, All required f C Y) SCJ 11 RULES A, I , C. D I -W and E atrc attached.
❑ B, On-line (lrHp %5t n u./rccLcu.,{ur;'rdm'I "Lock Report" date: - l ICD SCHEDULES not rc�ILLIirad.
!lock Clatc is shoWn under'', WInin". beer unit "Repor•I Change !!rs!urt "I
7. fo the best ofmv knowledgc: (a) the repiescnlakns t rite: "Ibos-c au (lt),tgcncy inlfrrtnatia)ra rt}�crrtccl circ: ci7rtet t.
Date fil
atum ol'Aoillortred Agency Rcirtc sentalive
T_ 6 / - -
Title
Telephone Numhcr
• IF NOT REQUIRE. D TO REPORT, SU'BAMT ONLY A PAPER COPY OF THIS PAGE.
• IF REQUIRED TO REPORT, AND REPORTING BY USI -AW PAPER COP1'WIIEDULES, SUB;YIIT THIS PAGEAND ALL
APPLICABLE HC'D FORMS (,S'CIfE'DULES A-E)
• IF REPORTING ON-LINE, PROOF OF ELECTRONIC REPORTING IS "CONFIRAIA77ON LETTER" UPON LOCKING REPORT
• BOTH R-IPER COPY REPORTING:1!VD ON-LINE REPORTING RE2 IREA COP}' OF T'f11;': tfJDIT MI PORT' RE SENT TO:
THE ST,A TE CON TROLL ER
Division nfAccotmMig and Rej)oHbig
Local Gove rnmerrl Reporting Section
3301 C Street. Smite 500-Vacr-amemo, CA 95816
Redevelopment Agency Annual Reporl - Fiscal Yeas '1004-2005
( o\cr (7 1 /OS)
IIC'DA oNcr
Page I of I
SCHEDULE HCD-A
lnsidc Project Area Activity
for Fiscal Year that Ended 6 / 30 / 05
Agency Name: Ltt .uinta #Zcelcvifoptnent A retie Project Area Namc: Project llrrt No. I_
Preparer's Name, Title: _-Michael Benjamin, Sr. Analyst Preparer's E -Mail Address:_jttl}c n'aunitt ic:rvctitit±.con:
Preparer's Telephone No: -714-S4)-4958, ext 124 Preparer's Facsimile No: 714-541-1 175
GENERAL INFORMATION
I. Project Area Information
a. I. Year I" plan for project area was adopted: _1993
2. Year that plan was last amended (if applicable): 1995
3 Was plan amended after 2001 to extend time limits per Senate Bill 211 (Chapter 741, Statutes of 21)01)? Yes_ No_X_
4. Current expiration of plan: [1—/--29--/ 2023
mo day yr
h, If project area name has changed, give previous namc(S) or numb r:_
c. Ycar(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:
( I ) Added property to plan: ,.
(2) Removed property from plan:
2. Affordable Housing Replacement and/or Inclusionary or Production Reduiremcnts (Section 33413).
Pre -1976 projQ0 arm 110t subscquently pucrid'ed after 15175: Pursuant to Section 33413(4), 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 arca plan adopted before 1976. If the agency has elected to apply all or part ol' Section
33413, provide the date of the resolution and the applicable Section 33413 requirements addressed in the scope of the
resolution.
Date: / /
Aur day yi
Resolution Scope (applicable Section 33413 requirements
Posk 1975 y)roject arc Ls and gc2 ra chic areas added by. amendment aflei' 1975 to prc-1970 l roj_ectamens: Both replacement
and inclusionary or production requirements of Section 33413 apply.
NOTE:
Amounts to report on HCD-A lines 3a(1), 3b -3f, and 3i. 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 front 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 percentage/amount by reporting gross tax increment on HC'D-A.
Line 3a(1) and report the Housing Fund's share of expenditures for debt service on HCD-C, Line 4c.
Do not report "net" funds transferred from the Debt Service Fund on HCD-A. Line 3a(3) when
re)orting debt service expenditures on HCD-C, Line 4c.
Other Sources: Non -GAAP (Generally 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.
C Altin-nia IZedccelopmenl Agencies Fiscal Ycm 2004-2005
Sch A (7 1 '05 1
r rp
HCD-A
Pagc 1 ol'b
67
Agency Name: La )utnt,t Rctic,_� __pnaerit A �c1 Project Area Name: Proice -! �a Ufa)- I --
Prosect Arca Housing Fund Revenues stmt Qttrcr- 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 arca(s) should be reported as
"Other RC%'cnuc" on Line 3j, (of this Schedule A), if this Oroicel.area is named as berieficiar r in the tautltot•iZirt
resolution. Any other revenue sources not reporter] on lines 3a. -3i., should also be reported on Linc 3j.
I=nter on Linc 3a( I ) the full 10o';4) of gross Tax Increment allocated prior to a l2P4c:at171e rattt;s:_t_hrouli of funds and
deductions for Fees (refer to Sections 33401, 33446, & 33676). Compute the required minimum 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 (ifamoiuit set-aside is less than ret aired minimum `.'4, ex )1,111) the
diflctMCC), If any amount of Tax Increment was exempted or deterred, in addition to completing lines 3a and; or
3�,t{5),tutu �1c[c Lines 8 ancUo r [,ine 5. To determine the amount ofTax Increment deposited to the Housing Fund [Linc
3a(6)], subtract allowable amounts exempted [Linc 3a(4)] or deferred [Line 3a(5)] from the actual amount allocated to
the Housing Fund [Line 3a(3)].
a. Tax Increment:
( I ) 100".-4, of Gross Allocation: 33 867,1 1-6—
(2) Calculatc culjy set-aside amount either A or B) below:
(A) 20°�'(, required by 33334-2 (Line 3a( I ) x 201)/,,): S _0 773,423
(B) 30Oo required by 33333. 10(g) (Line 3€1( 1 ) x 30"%,): S
( Senate Bill 21 1, Chapter 741, Statutes of 2001)
(3) Amount ol'set-aside (kine 3a(2)) allocated to Housing Fund S 6,773.423 a
* If, pursuant to Section 33334.3(i ), less than the mininn.tm "'o of Gross Tax
Increment (see 3a(2) above) is being allocated from this project area, identity
the project area(s) contributing the difference. Explain any other reason(s):
(4) Amount Exempted [Hcalth & Safety Code Section 33334 21
(if there is an amount exempted, also complete question 114, next page):
(5) Amount Deferred [Health & Safety Codc Section 33334.6]
(ifthcre is an amount deterred, also complete question #5, next page):
(6) Total deposit to the Housing Fund [result of Line 3a(3) through 3a(5)]:
b Interest Income:
c Rcntal'Lcrisc Income (combine relmr•te(l to 1170 SCO):
d. Sale of Real Estate:
c. Grants (conrhine urnauorts , elmratell reported to rhe SCO):
1•. Bond Administrative Fecs:
g. Deferral Repayments (also complete Line 5c(2) on the next page):
h. Loan Repayments:
i. Debt Proceeds:
j. Other ReVcnue(s) [Explain and identity amount(s)]:
Nlisccllancous RCVCnLIC
S 12,302
S
S
(S — )
(S 1
k- Total Project Arca Receipts Deposited to Housing Fund (add lines 3a(6). through 3j.):
(aII lhrnia RedcrcIopment Agencies Fiscal Ycar 2004-200S
,Sch \ (7: 1 O)
S 6.773,423
S 80 2
.7()
S 3M574
S
S
S
S
S 2,048,855
S
S 12,392
S 9,225,514
HCD-n-
Page 2of6 �,�
68
Agency Name: _L.;a C1uin.ta Rcdevel�� _ ..._ Project Area Name: Proic l Area No. I
T xelliption(sf
4 it If an exemption was claimed on Pape 2, Line 3a(4) to deposit less than the: raluired amount, complete the following
information:
Check only one of the Health and Safety Code Sections below providing it basis for the exemption:
❑ Section 33334,2(a)( I ): No need in community to increase/improve supply of lower or moderate income housing.
❑ Section 33334.2(x)(2): Less than the minimum set-aside t%) (2Wi) or 30Q,I)) is sufficient to meet the need.
❑ Scction 33334.2(x)(3): Community is making substantial effort equivalent in Value to minimum set-aSidC ""o ('t)°'n or
3(Y4i,) and has specific contractual obligations incurred before May 1, 1991 requiring continued use oi'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 Linc 4a above, identity:
Date that initiall I l") ti gjag was adopted: _
--- mo dity yr
Adoption date of'repo.quJI&Y 11
mo day yr
Resolution if _ Date sent to HCD '`
mo day yr
Resolution P _ Date sent to HCD: _
nut day yr
Def ,rraf(s)
5 a. Specify the authority for deterring any sct-aside on Line 38(5). Check oil one Health and Safety Code Section boxes:
❑
Section 33334.6(d): Applicable to project areas approved before 1956 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 prc-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.
❑ Other: Specify code Section and reason:
b. For any deferral claimed on Nage 2, Line 3a(5) and/or Linc 5a above, identify:
Date that initial (I'") finding %vas adopted: —/ !
nu) day yr
Adoption date ofrchnarlin tar finding: _ I�
InO d:n, yr
Resolution It Date sent to HCD: l �F.'__
mo Clay yr
Resolution Date sent to I IC'D:
mo day yr
c. A deferred Set-aside pursuant to Section 33334.6(d) constitutes indebtedness to the Housing Fund. Sunimariie the amount("')
of set-aside deferred over the reporting year and eunutlatively as of the end of the reporting year:
'k The cumulative amount of deferred set-aside should also be shown oil /lCD-C , Line Ra.
If the prior FY cumulative deferral shown above diflcrs from what was reported on the last HCD report (1-I('D-A and
HCD-C), indican: the amount ofdilicrence and the reason:
Difference: 5 Rcason(s):
C'alilixnia RcJcvclupmcnt lgcncic, FTSC id Year 2004-200
Sch A (7 1'(Ii)
HCl) -A , I ' (J
Page 3 of 6
Amount of Prior
Cumulative Amount
Amount Deferred
Deferrals Repaid
Deferred (Net ol'Any
Fiscal Year
This lteportin tglam'
Durrnk Reporlinu F1
Amount(s) Repaid)
( I ) Last Reporting, FY
(2) This Reporting FY
S
S
`b
'k The cumulative amount of deferred set-aside should also be shown oil /lCD-C , Line Ra.
If the prior FY cumulative deferral shown above diflcrs from what was reported on the last HCD report (1-I('D-A and
HCD-C), indican: the amount ofdilicrence and the reason:
Difference: 5 Rcason(s):
C'alilixnia RcJcvclupmcnt lgcncic, FTSC id Year 2004-200
Sch A (7 1'(Ii)
HCl) -A , I ' (J
Page 3 of 6
Agcncy Name: - La Quinia Rcdevgjgg�rne 11 egtcY
Defei-rai(s) (continued)
5
Project Area Name: PrJt Area No. I
d. Section 33334.6(g) requires any agency which defers sct-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?
nu{ day yr
If ves, when was the origina plan adopted for the claimed deferral?
mo clay yr
Identify Resolution # Date Resolution sent to HCD !-If
mo day yr
When was the last atttended plan adopted for the claimed deferral? 11 1f
Ino day yr
Identify Resolution # Date Resolution sent to I -IC D _
IM) day ^yr
Actual Project Area Households Displaced and Units and Bedrooms Lost Over ReportinLi Year:
6 a Redevelopment Project A ctiAtt'. Pursuant to Sections 33080.4("a)( l ) and (a)(3), report by income category the number of,
elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, o%cr
thercLo irl � (refer to Section 3 3413 for unit and bedroom replacement requirements).
Project Activity VL L M AM Tota_ I
Households Permanently Displaced'- Elderly
Households Permanently Displaced - Non Elderly
Households Permanently Displaced -Total 4
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 ReolacEeAj M
b. Other Activit', PUrSUBnt to Sections 33080.4(a)( I) and (a)(3) j,:Md cap actiuitic;; other than the destruction or removal of,
d%w1ling units and on fine 6a, report by income category the number ofelderly and nonelderly
households permanently displaced over the teportitt + year:
N .... I r nF un..cuhnlrlc
Other Activity VL 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 reporting yga , cacti 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
Ill() Clay yr
Date f Name oh Agency Custodian
mcg day yr
'lease attach a separate sheet of paper lisling any additional housing plans
adopted.
Caihlonlia Redowfopment Agencics Fiscal Ycau 20W-2005
Sch A 17 1 05
I -ICD -A,
Page 4 of 6
70
Agency Name: _Luinta Redevelopment Agency Project Arca Name: _Proicci Acca No. l
E%Iinoated Project Area Households to he Perninnnently Displaced Over Current Final Year.
7 a, As required in Section 33080.4(a)(2) for It redevelopment project of the agency, estinlatp, t)vcr litre t urrctit lisct:lycar, tile
number of elderly and nonelderly households, by income category, expected to be permancntl-ydisplaced. (Note: actual
displacements will he reported for the next reporting year on Line 6).
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_etirrent fiscal year, 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
aur day yr
Date _
nw day yr
Name of Agency Custodian
Name of Agency Custodian
Please attach a separate sheet ol'paper listings any additional housing plans
tciol)tttl.
Units Develot)ed Inside the 1'r(tjeet Area to gall! Requirements of Other Project Area(s)
Y. Pursuant to Section 33413(b)(2)(A)(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
hinds, based on substantial evidence, that the aggregation of dwelling un its 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 mititti undine was adopted") Resolution P Date sent to HCD:
Ilio day yr mo day yr
Name of Other Project Are:
Cahto nin Rednelopnunt Agencies Fiscal Yca1-2004-200
Seh A (7 1 '05)
a\41111/C1 U1 "11LJ
VL L M I Total
H(b-A f' q I
Page 5 of 6
71
AL,
ency Name: _La QL1inta RcdcvcJatattlrwitt AgcncX _ Project Arca Name: _Pr(�juct.Area No.
Sales of Owner -Occupied Units Inside the Project Area Prior to the Expiration of [-.and Ilse Controls
t). Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an c(tuity sharing.
program, agencies may permit the sale of owner -occupied units prior to the expiration ofthe 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.
a. Sales. Did the agency permit the sale of any owner-Oecupie(I units during the reporting year?
NNo
❑Yes $ 'total Proceeds From Sales Over Reporting Year Number of Units
SALES VL L M Total
Units Sold Over Reporting Year
b Equal Units. Were reporting year linrds spent to make units equal in affordability to units sold over the last three reporting
years'?
®No
[]Yes F— Total LMIHF Spent On Equal Units Over Number of Units
JIT Reporting Year
SALES VL I 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
_Affin-dable Units to be Constructed Inside the Project Area Wilhia Two Years
I(1. Pursuant to Section 33050.4(a)(10), report the number of very low, low, and moderate income units to be linaneed by any
rederal, state, local, or private source in order for construction to be completed within Iwo vc:ars fir ii the date id'lhtr' `ik+t'ectTtiei�t
or contract excculed over div rth(rrfirtr year. Identity the project and/or contractor, date of the executed agreement or contact,
and estimated completion date. Spccily the amount reported as an encumbrance on HCD-C, Linc 6a. and/or any applicable
amount designated on 1-1CD-C, Linc 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
wlin 2 yrs of Col B
Line 6a)__Line
7a VL L
M
Total
$
$
is
Is
Is
is
Please attach a separate sheet or paper to list additional
information.
(.iIifoiniaRede%clopmentApncies PiscaIYear 2004-'_(1(15
Sch A (T 1 05 )
HCD-At S 3
Page 6 of 6
72
SCHEDULE HCD-A
lnjj!d Project Area Activity
for Fiscal Year that Ended _6 ' 30 / 05
Agency Namc: LN [lima R(x1evtlog!1icat Agiticl' Project Area Name: _Pr�de:cl Area No. ?
Pi-cparer's Name, Title: _Michacl Benjamin, Sr. nnalvst Preparcr', C -Mail Address: _mbcrqutnin tt^tyut rsg_.com_.
Preparer's Telephone No: 714-'S41--1fi58, cst,1?4 Preparer's Facsimile No: 7 14541-Il75
GENERAL INFORMATION
I. Project Area Information
a. 1. Year I" plan for project area was adopted: 1989
2. Year that plan was last amended (if applicable): 2003
3. Was plan amended atter 2001 to extend time limits per Senate Bill 21 1 (Chapter 741, Statutes of 2001 )Y Yes_-_ No_X
4. Current expiration ofplan: _5 % 16_i 21129
mo clay yr
h. If project arra name has changed, give previous namc(s) or number:
C- Year(s) of any mergers of the project arca:
Identity Harmer project areas that merged:_
il. Year(s) project area plan was amended involving real property that either:
(I ) 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 subsequently amended after 1975; Pursuant to Section 33413(d), only Section 33413(a)
replacement requirements apply to dwelling units destroyed or removed atter 1995. The Agency can choose to apply all or
part of Section 334 13 to a project area plan adopted before 1976. If the agency has elected to apply all or part of Section
334 13, 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 geoera}ihic areas added by amendment after 1975 to pre -1976 project areas: Both replacement
and inclusionary or production recluircmcnts of Section 33413 apply..
'.VOTE:
Amounts to report on HCD-A lines 3a(1), 315-31, and 3i. can be taken from ghat 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 or 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 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 4c.
Do not report "net" funds transferred from the Debt Service Fund on IICD-A, Line 3,0) when
re ortin y debt service expenditures on HCD-C Line 4c.
Other SonreeS: Non -GAAP (Generally 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 HC'D-A
Line 3d. Housing fund receipts for the repayment of loan principal should be included on I -ICD -A Line 3h.
( ;dili,rnm Redevel„pmeni Ageacic, Fiscal Ycai 2004-2005
Sch A (TI 05 )
HCD-A
Page 6 "of 6
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.11 34
73
A-cncy Name: Ln Quirita Redevelopment Agcn_cy_ Project Area Name; Praia[ Area No—,
Project 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), jf thi�eetarca is namccl ass beneficitay jn 11-1.c tuthorir_.in
resolutiOn. Any other revenue sources not reported on lines 3a. -3i., Should alSo be reported on Line 3j,
Enter on Linc 3a( I ) the lull 100,0 of gross Tax Increment allocated prior to applicable pass throe -1 of funds and
dednetjUnS for Ices (refer to Sections 33401, 33446, K 33676). Compute the required minimum percentage ("r„) of
cross "fax lncrcment 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 (iramount set-a.SWc is Ills[; that[ required minimum t%). explain the
difTei rice). If any amount of Tax lncrcment was exempted or deterred, in addition to completing lims 1JO 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 [Linc 3a(4)] or deferred [Line 3a(5)] ti-om the actual amount allocated to
the Housing Fund [Linc 3a(3)].
a. Tax Increment:
( I ) l OV"i) of Gross Allocation: S _17,546.203
(2) "<tErulalaonly I sct-aside amount: either A or 13 below:
(A) 20'ri) required by 33334.2 (Line 3a(1) x 20%): S 3.509 2wLl
(B) 3MIo required by 33333.10(g) (Linc 3a(1 ) x 30'%,): $
( Senate Bill 21 1, Chapter 741, StMUtCS of 2001 )
(3) Amount of Set-asido (Line 3a(2)) allocated to Housing Fund S 3,509,24 1
* If, pursuant to Section 33334.3(1), less than the minimum °/b ofGross 'Tax
Increment (see 3a()) 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 qucStion #4, next page):
(5) :'Amount Defcn-ccl [Health & Safety Code Section 33334.6]
(if there is an amount deterred, also complete question #5, next page):
(6) 'I`otal deposit to the I lousing Fund [result of Line 3a(3) through 3a(5)1:
b Interest Income:
c RentalrLease Income (combine an totill ts sepal (Ilell - 1-t1torle(l to tilt. SCO):
d. Sale of Real Estate:
e. Grants (combine tunounts AV(/ "(1 reported to the ,SCo):
f Bond Administrative Fees:
g. Deferral 1Zepavntcnts (also complcle Line 5c(2) on the next page):
h. Loan Repayments:
i Debt Proceeds:
j. Other Revcnue(s) [Explain and identify amqunt(S)]:
S
S
S
IS )
IS )
k. Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6). through 3j.):
(aliti)rnta Rcdec elopmem Agencies Fiscal Year 2004-2005
Sch A (7 1'OS)
140.742
$ 209;.669
S
S
S
S _
S 332,7-47
S
S 4,192,399
HCD-A
Page 2.of,6 f~
74
A(ency Name: La Ouinta RedevelClICy Pro'cet Area Name:.-Proiect Area No. 2
Exemptions)
4 a. Han exemption was claimed on Pagc 2, Linc 3a(4) to deposit less than the required anuxmi, complete the following
information:
Check fz)4y_one of the Health and Safcty Code Sections below providing a basis for the exemption:
❑ Section 33334.2(x)( I ): No need in community to increase/improve supply oFlower or moderate income housing
❑ Section 33334.2(a)(2): Less than the minimum set-aside % (20(!/) or 30%) is Sufficient to meet the need.
❑ Section 33334,2(a)(3): Community is making substantial ellort equivalent in value to minimum set-aside °�'fl (20"o or
30(.'40) and has specific contractual Obligations incurred More May I, 1991 requiring continued use of this funding.
Vote: 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
muset.
❑ Other: Specify code section and rcason(s)
b. For any exemption claimed on Page 2, Line 3a(4) and/or Line 4a above, identify:
Date that inihol I') find nO was adopted: RCSOILltion P Date sent to HCD:
mo day yr mo day yr
Adoption date ofr4porting year findin ;: _ Resolution P Date sent to HC'D: __- /
mo day yr mo day yr
Deferral(s)
�. a. Specify the authority for deterring any set-aside on Line 3a(5). Cherk only on.c 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 I ICD
before September 1956 regarding needing tax increment to meet existing obligations. Existing obligations can include
those incurred alter 1985, if ncl proceeds were used to refinance pre -1986 listed obligations.
Note: The deferral previously authorized by Section 33334.6(c) expired. It was only
allowable in each fiscal year prior to Jule 1, 1996 with certain restrictions.
❑ Other: Specify code Section and reason:
b. For any deterral claimed on Pagc 2, Linc 3a(5) and/or Line 5,1 above, identify:
Date that 111tllal_( I�f ndin4; was adopted: /_/ Resolution P-
1110 day yr
Date sent to I ICD:
mo day yl-
Adoption
r
Adoption date of reporting, Mar finding: %__! Resolution P Date sent to HCD• —'
nut day yr nal day yl -
L:. A deferred set-aside pursuant to Section 33334.6(4) constitutes indebtedness to the Housing Fund Summarize the amount(s)
ofsct-aside deferred o\cr thr reporting year and cunTLdativcly as Of the end of the reporting year:
i* The camidative amount of deferred set-aside should also lie shown on HCD-C, Line Sa_�
If the prior FY cumulative deferral shown above differs from what was repotted on the last HCD report (HC'D-A and
I ICD -C), indicate the amount of difference and the reason:
Difference: S Reason(s):
(iditimim Rcdce elopmcnt Agencies tlscvil Yeaii° 2004-200
S,hA(, 10>)
U
Pace 3 of 6
75
Amount of Prior
CLlmnlative Amount
AmOUnt Deferred
Deferrals Repaid
Deferred (Net of Any
Fiscal Year
This Reporting. l -Y
During, Rti;;orlingFY
Amount(s) Repaid)
(1) Last Reporting FY
S
(2) This Repotting FY
S
$
$
i* The camidative amount of deferred set-aside should also lie shown on HCD-C, Line Sa_�
If the prior FY cumulative deferral shown above differs from what was repotted on the last HCD report (HC'D-A and
I ICD -C), indicate the amount of difference and the reason:
Difference: S Reason(s):
(iditimim Rcdce elopmcnt Agencies tlscvil Yeaii° 2004-200
S,hA(, 10>)
U
Pace 3 of 6
75
Agency Name: _La Oiiinta Redcvoloomen( Agencv
Dcfcrral ti (continued)
5
Project Area Name:_!'resjcct Arca Nc). ?
d. Section 33314.6(g) requires any agency which deters set -asides to adopt a plan to eliminate the deficit in subsequent years,
If this agency has deterred set -asides, has it adopted such a plan'? Yes ❑ No ❑
If yes, by what date is the deficit to be eliminated'? /
Frio day yr
Il'yes, when was the original plan adopted for the claimed deferral?
nu> clay yr
Identify Resolution i? Date Resolution sent to HCD
mo clay yr
When was the last atncndcd plan adopted for the claimed deferral? -
mo day yr
Identity Resolution ii Date Resolution sent to HCD
mo day yr
Actual €'rokeet :area 11ouscholds Displaced and Units and Bedrooms Lost Over Reporting Year:
r, a. RedevelopmenI 11roiecI Activity. Pursuant to Sections 33080.4(a)( t) and (a)(3), report by income catsgory the number of
elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed. over
lite rcortirj;y4,nr; (refer to Section 33413 for unit and bedroom replacement requirements).
Mimi— n4 Flnucahnlrlc/1 Inifc/Rarlrnnmc
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 Activit),. Pursuant to Sections 33050.4(a)( 1) and (a)(3) bamA on uctivittuN other than the destruction or remoN all of
dvvellin g ttuit4 and bcdre,oms rc omr ] oti Linc Elft, report by income category the number of elderly and nonelderly
households permanently displaced over the r�ortin yrar:
Number of Households
Other Activity
VL
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 reportitm ear, each replacement housing plan rcquircd to be adopted
before the permanent displacement, destruction, and./or removal of dwelling units and bedrooms impacting the households
reported on lines ba. and 6b.
Date i Name of Agency Custodian
mo day yr
Date Name of Agency Custodian
1110 clay yr
'lease attach a separate sheet or paper listing any additional housing plans
idopted.
C alilomm Redevelopment Agencies I iscil Ycar 2004-2005)
Sch A (i. VOti)
HCD-A
Page 4 or6
76
AL,
cncy Name: _La QUinta Redevelopment Agency Project Area Name: Project Arca No. 2
Estimated Pro`ect At -en Households to be Pernianentiv Displaced Over Current Fiscal Yeam-:
7. a, As required in Section 33080.4(a)(2) for a redevelopment project of the agency, estilttatc,.ttvcr the Current fiscal War; the
number ohcl(Icrly and noncldcrly households, by incorne category, expected to be permanently displaced. (Note: actual
displacements will be reported for the neat reporting, year on Line b).
Numher 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, liar tate current fiscal year, 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
mo day yr
Date --_-,.
nxa day yr
Name of /Agency Custodian
Name of Agency Custodian
Please attach a separate sheet of paper listing any additional housing plans
adopted.
Units Developed Inside the Project Area to Fulfill Requirements oi'Other Prta'ect Area(s)
8. Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project areas to fulrill 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 satisty another project area's requirement to
construct new or substantially rehabilitate dwelling units?
No.
❑ Yes. Dale initial finding was adopted'? Resolution # Date sent to HC'D:_ / _
nw day yr 1110 day yr
Number of Dwcllul g Units
Name of Other Project Area(s) VL L M Total
( ulitornin Redevelopment Agencies Fiscal Yeai 1004-200q
Seh A (7 1 Ol )
HC'D-A
Pa,,c 5 of 6
77
Agency Name: -La Quinta Redevelopment A&ncy Project Area Name: Project Arca No. ?
Sales of ismer-Oceuoied Chits Inside the Proicet area Prior to the (Expiration of. Land Use Controls
9 Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equity sharing
program, agencies may permit the sale of owner -occupied units prior to the expiration of the period of the land use controls
establi hed 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.
a. Sales. Did the agency permit the sale ofany o\sner-occupied units during the reporting year'?
®No
❑Yes $ Total Proceeds From Sales Over Reporting Year Number of Units
SALES I VL I L I M I Total
K
(Units Sold Over Reporting Year I I I I
Eq!L,tl Lints.
vears?
ONo
[1 -Yes
Were reporting year finds spent to make units equal in aflordability to units sold over the last three reporting
Affordable_ Units to be Constructed Inside the Pruiect Area Within Two Years
10. Pursuant to Section 33050.4(a)( 10), report the number of very low, low, and moderate income units to be financed by any
Federal, state, local, or private Source in order for construction to be completed wil--hitt_ two warti from the [late of the _greer.11ent
or contract executed over the rcpuriiri&ear. Identity the project and/or contractor, date of the executed agreement or amlracl,
and estimated completion date. Specify the anulunt reported as an encumbrance on I ICD -C, Line 6a: and./or any applicable
amount designated on HCD-C, Line 7a. such ns for capital outlay or budgeted lands intended to be encumbered for prujcct use
wilhin two vears 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 LMIHF Spent On Equal Units Over Number of Units
W_porting Year
SALES VL I L M
Total
Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr
Name of
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago
Estimated
Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago
Sch C Amount
Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago
Execution
Affordable_ Units to be Constructed Inside the Pruiect Area Within Two Years
10. Pursuant to Section 33050.4(a)( 10), report the number of very low, low, and moderate income units to be financed by any
Federal, state, local, or private Source in order for construction to be completed wil--hitt_ two warti from the [late of the _greer.11ent
or contract executed over the rcpuriiri&ear. Identity the project and/or contractor, date of the executed agreement or amlracl,
and estimated completion date. Specify the anulunt reported as an encumbrance on I ICD -C, Line 6a: and./or any applicable
amount designated on HCD-C, Line 7a. such ns for capital outlay or budgeted lands intended to be encumbered for prujcct use
wilhin two vears 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
Iwlin 2 yrs of Col B)
Line 6a
Line 7a VL L M Total
$
Is
$ i i
Is
$
('lease attach a separate sheet of paper to list additional
information.
( A&)rma Redevelopment Agencies Fiscal Year 2004-2005
Sch _A I7 1 "05)
HCD-A
Page 6 of 6
( 99
0
SCHEDULE HCD-C
Agency -wide Activity
for Fiscal Year Ended __6_/_30 .r 04
Agency Namc: La uinta Redevel9pmcnl n_cncXCounty: Riverside
Preparer's Name, Title: Michael Bcn'amin, Analyst Preparer's E -Mail Address. mbenjamiiirt:.webrsg.com
Preparer's Telephone No; (7 14) 541-4585 Preparer's Facsimile No; 714 541-1175
Low _& Moderate Income Housing Funds
Report,on the "status and use of the agency's Low and Moderate Income Housing Fund." Most information reported here should
be based on information reported to the State Controller.
I Beginning Balance ( Use " Nc( Itesources Available" from last fiscal ,year report to HCD) S-07,169.2,23
a. If Bcgnnill13�tlattec rcclriirCS ,tdjtlsttttcnt(s).cle4cribe and provide dollar amount��ositivclpit relive
makiil ' u L total adjustment: Use < S > for negative amounts or amounts to be subtracted,
Ad usted to match CAFR beginning fund balance S <57,056,982>
S ..
b. Adjusted Beginning Balance [Beginning Balance plus t or minus - Total Adjustment(s)j S 9,51 2,241
Project Area(s) Receipts and Housing Fund Revenues
a Total Project Area(s) Receipts. Total Summed rmount of HCD-Schedule A(s) (li'om Linc 3k) S_ l 3,417,91_l
b. Housing Fund Resources not reported on HCD Schedule -A(s)
Describe and Provide Dollar Amount(s) (PositivclNcgative) Making Up Total Housing Fund Resources
Proceeds from Sale of Capital Assels _8,560,295
S
Total Housing Fund Resources
Total Resources (Line Ib + Line 2a -r Line 2c.)
$ 1+�5frtr.?c} 5
S 31.49(1.449
NOTES:
Many amounts to report as Expenditures and Other Uses (beginning on the next page) should he taken from amounts
reported to the State Controller's Office (SCO). Review the SCO's Redevelopment Agencies Financial Transactions
Report.
Housing Fund "transtcrs-out" to other internal Agency funds: Report the specific use of all transterrcd Funds on
applicable lines 4a, -k of Schedule C, For example, transfers from the Housing Fund to the Debt Service Fund Cor the
repayment of principal and interest of debt proceeds deposited to the ltousing Fund should be reported on the apphcahle
item comprising 1-I('D-C bine 4c, providing tax increment (gross and deposit amounts) were. reported on Sch-As.
External transfers out of the Agencv should be reported on HCD-C' Line 4j (e.g,: transfer of excess surplus to the County
I Iousing Authority).
Other Uses: Non -GAAP (Generally Accepted Accounting Principles) recording of expenditures such as land purchases
for aeencics using the Land Held for Resale method to record land purchases should be reported on HCD-C Line 4a(1).
Funds spent resulting in 10MIS 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 proeitfed for preparers to review to
determine the appropriateness of Low and ,Moderate Income Housing Fund (L411HF) expenditures and other uses.
HCD does not represent that fine items identifying airy expenditures and other uses are allowable. CRL is accessible
on the Internet /websiter h_ll)�:%trv►►4a,le inl a.ea:>tGyv (Ccrlrfhrma Lall)/ beginning with Section 33000 of'the health t"
and Safety Code. —
(ahlbrnia Redeveloprncnl agencies Fiscal Year 2004-2005 HCD-C'
schC(TI i)5) Page I of
79
Agency Name: _La (,)Uinta Redevelopment Agency
4 Expenditures, Loans, and Other Uses (continued)
C. 011/off-Site Improvements [33334.2(c)(2)] Complete item 13
S
f. Housing Construction [33334.2(e)(5)]
$
g. HouSing Rehabilitation [33334.2(e)(7)]
S
h. Maintenance of Mobilehomc Parks [33334 2(c)( 10)]
S
I Preservation of At -Risk Units [33334 2(c)( I I )]
S
j. Transfers Out of Agency
( I ) For Transit village Development Plan (33334.19) $
(2) Excess Surplus [33334.12(a)(I)(A)] S
(3) Other (specify code section UnI101'izing transfer and amount)
A, Section S
B. Section S —
Other Transfers Subtotal S
(4) Subtotal Transfers Out of Agency (Sum of.j( I ) through j(3))
S
k. Othcr Expenditures, Loans, and Uses [Explain and identify amount(s)]:
Trutsfer to Debt Service Fund fix cicbt service S 2,478,347
Transfer for Capital Proiccts Fund for housing production $ 4,142.1139
Kcpavnnem of loan fiom City of La Quinta $ 3.221.318
Subtotal Other Expenditures, Loans, and Uses S 9,841,704
I• Total Expenditures, Loans, and Other Uses (Sum of lines 4a. -k.)
S 13,382,014
5 Net Resources Available [End of Reporting Fiscal Year]
IPage I, Line 3, Total Resources minus'I oral Fxhcnditures. Loans, and Other Uscs on Linc 4.1.
S 18,1 14,435
6. Encumbrances and Unencumbered Balance
a. Encumbrances. Amount of Line 5 reserved for future payment of legal
contract(s) or agreement(s). See Section 33334.12(g)(2) for definition.
S 2, I 15,983
Refer to item 10 on .S'ch-A(s) and item 4 on Sch-B
b. Unencumbered Balance (Line 5 minus Line 6a), Also enter on Page 4, Line
$ 15,995,452
1 1 a.
7 Designated/Undesignated Amount of Available Funds
a. Designated From Line 6b- Budgeted/planned to use near-term
Refer to iteral 10 ou Sch-A(e) and item 4 on ,S•ch-B $
b. Undesignated From Line 6b- Portion not yet budgeted/planned to u;S
8 Other Housing Fund Assets (non recurrent receivables) not included as part of Linc 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 tier
Development of Affordable Housing. Complele Sch-C iteral 14 S
c. Loans Receivable for Housing /activities
d. Residual Receipt Loans (periodic/fluctuating payments) S
c. ERAF loans Receivable (all years) (Sec. 3368 1) 4
1'. Other Assets [Explain and identity amount(S)j-
S
g• Total Other Housing Fund Assets (Sum of IineS 8a.4) S
c) TOTAL FUND EQUITY[Line 5 (Net RCSOnrces Available) 1 8g ('Dotal Other Housing Fund S 18,1 14,435
Assets]
Compare Line 9 to the below amount reported to the SCO (Balance Sheet of Redevelopment
Agencies Financial Transactions Report. [Explain differences and identify anxxlnt(s)]:
S
_ S $
FNTER LOW -MOD FUND TOTAL EQUITIES (BALANCE SHEE'r) REPORTE) TO SCO S 18,1 14,435
( Ailorma kedevelupmeni Agencies f iscal Year 2004-200 1 -1('D -t'
Sch C (7.'1 051 Page 3 of 8
re It�
Y
Agency Name: _La Quinti Redevelopment Agency
Excess Surplus li formation
Iursuant to Section 33080.7 and Section 33334. 1 2(g)( I ), report on Excess Surplus that is required to be determined on the first clay
of,,i Fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the grLaer of ( I ) S 1,000,000 or (2) the aggrega(e
amount
of tax increment deposited to the Housing Fund during the prior four fiscal years. Section 33334.1 2(g)(3)(A) and (13) proyldc that
the Unencumbered Balance can be a(Ijustcd for: ( 1) any remaining revenue generated in the reporting year from unspcnl debt
proceeds and (2) if the land was disposed Of(luritlg the reporting year to develop affordable housing, the difference between the lair
market value of land and the value received,
]'he UllenCnmbercd balance is calculated by subtracting encumbrances from Net Resources Available, "Encumbranccs" are funds
reservcd and committed pursuant to a legally ent61-M1111C 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 (lay of the reporting fiscal year. Determine which is larger: ( I ) S I million or (2) ttte total of lax increment deposited orcr
the prior four years. Subtract the largest amount Iron the Adusted Balance and, if positive, report the amount as Excess Surplus.
10 EwessSurolm
Complete Columns 2, 3, 4, & 5 to calculate Excess Surplus for the reporting year, Columns 6 and 7 track prior years' Excess
Sut•Izlus.
Column I
Column 2
Column 3
Column 4
Column 5
COlUmn 0
Column 7
Sum of Tax
Current
Current
Amount
4 Prior and
Total "fax
Increment
Rg)oftin Year
Reporting Year
Expended Encumbered
Remaining Excess
Current
Increment
Deposits
I" Day
1" Day
Against FY Balance of
Surplus for Each
I �)(mlit
Deposits to
Over Prior
Adjusted
EXCCSS Surplus
Excess Surplus as ol•
Fiscal Year as of'
)'ears
Housing
Four FYs
Balance
Balances
End of Reportin+f Year
End of Reporting Year
Fund
4 Rpt Yrs
Aho
S 5,254,713
S
S
S
FY 2000-01
3 Rpt Yrs
Ago
S 6,5 13,091)
F
S
FY 2001-02
2 Rpt Yrs
Ago
S 7,750,765
S
ti
S
FY 2002-03
Rpt Yr Ago
FY 2003-04
$9,023,407
S
S
_
S
CURRENT
Sum al Culuit) i 2ILasl
�
Ycar's Sch C
Col_, minus:
Reporting
Ad'Usted Balance
I trgcr or( ol} -91-
Y en r5
- I mm Lrcl.i r'!
FY 211114-05
+ '
S 28 '4-' N4—
S 7,3 8,816
I ssvnn�c 4)
S
S
S0
1 I. Relwrt nL! Year Ending Unencumbered Balance and Adjusted Balance:
a. Unencumbered Balance (End of Year) [Page 3. Linc 6b]
If eligible, adjust the Unencumbered Balance for:
( I ) Debt Proceeds [33334.12(g)(3)(B)]:
Identify unsLient debt proceeds and related income remaining at end of reporting year S
(2`) Land Conveyance Losses [(33334.12(g)(3)(A))]:
ldcntity rc nftigg_Ym1 1(>sscs from salesigr€mts/leases of land acquired with low -mod
funds, if49%o or more of new or rehabilitated units will be affordahlc to lower-income S
households
S 15,095,45,
12 Adjusted Balance (for Next Year's determination of Excess Surplus) [Linc I la minus sum of I Ib(1 ) and S 15,995,452
I I b(2)]
( im m w Roderolopmcnt ;\gcncics Fiscal Yem 2004-200', 1 ICD -C
SchCl7 1:(6) Page -1 0f8
Agency Name: _La Quinta Redevelopment Agency
Note: Do not enter Adjusted Balance in Col 4. It is to be reported as next yeat's 1st day amount to determine Excess
a. If there is remaining Excess Surplus from what was determined on the first clay orthe 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: _____
mo day yr
Miscellaneous Uses of Funds
13. Iran amount is reported in 4e.. Pursuant to Section 33080.4(x)(6), report the total number of very low-, low-, and moclerale-
income houselioldS that directly benefited From expenditures for onsite/ofTsile improvements which rcSultect in either new
construction, rehabilitation, or the elimination of health and salbty hazards. (Note: If Line 4c of this schedule does not shoe
expenditures for improvements, no units Should be reported here.)
14. If the agency is holding land for thture 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/Location*
No. of
Acres Zoning
Purchase
Date
Estimated
Date Available Comments
Households Benefiting
Income
Households
Households
from Elimination of
Level
Constructed
Rehabilitated
Health and Safetv
Duration of Deed Restriction
Hazard
Very Low
Low
Moderate
14. If the agency is holding land for thture 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/Location*
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 Housing Fund to assist mortgagors in a homeownership mortgage
revenue bond program, or ]ionic financing program described in that Section, to provide the following information:
Li, Has your agency used the authority related to definitions of income or Family size adjustment FaC101-S provided in Section
33334.13(a)?
Yes ❑ No ❑ Not Applicable Z
b- Has the agency complied with requirements in Section 33334.13(b) related to assistance tin- very low-income
households equal to twice that provided for above moderate -income houscholds"
Yes ❑ No ❑ Not Applicable
Calitornia Redewlopmem Agcncic. Fiscal Year2004-2001ICD-f`- +
Sch C (7, 1:0) Page 5 of 8
Agency Name: _La Quinta Redevelopment Agency
16- Did the Agency use non-1-MII-IF funds as matching funds for the Federal HOME or HOPE program during the reporting
period''
1fE✓S ❑ NO M
If yes, please indicate the amount of non -LM IHF funds that were used for either HOME or HOPE: program support.
HOME $ HOPE S
17. Pursuant to Section 33080.4(ay I 1 ), the agency shall maintain adequate records to identity the date and amount Ofall
LMIHF deposits and withdrawals during the reporting period. To satisfy this requirement, the Agency should keep and
make available upon request any and all deposit and withdrawal information. DO NOT SUBMIT ANY
DOCUMENTS/RECORDS.
I [as your agency made any deposits to or withdrawals from the LMIHF'? Yes ❑ No 0
If yes, identily the document(s) describing the agency's deposits and withdrawals by listing for each document, the
lollowing (attach additional pages of similar information below as necessary):
Name Ofrlocument (e,g. ledger, journal, etc.): ('0111prehensive Annual Financial Report
Name ol'Ageney Custodian (person): John Falconer �.
Custodian's telephone number: Ud_60) 777-715[1 _
Place where record can be accessed: l tall -_..
Name of document (e.g- Icdger, journal, etc.):
Name of Agency Custodian (person):
Custodian's telephone number:
Place where record can be accessed:
18. Use oro iter won Lm -Mod I-'undij Redeveiv rtncnt Funds fni- Housing,
Please brietly describe the use ofany non-LMIHF redevelopment funds (i c , contributions From the other 80',", of tai increment
revenue or other non Low -Mod funds) to construct, improve, assist, or preserve housing in the community.
11). SigjP eslioTis/1?rsuurce Needs
Fucose provide suggestions to simplify and improve future agency reporting and identify any training, information, and/or
Other resources, cue that would help your agency to more quickly and eflectively use its housing or other funds to increase,
improve, and presMr attbrdahle housing:)
20. AiLi gal Moviltaring Reports or PreviansIv Completed Afroj-dable Huusigi! PrniectslProLrams (N&S(" 33418)
Were all Annual Monitoring Reports received for all prior years' affordable housing projects/programs'? Yes ® No ❑
1- Excess Surplus Expenditure Plan (H&SC 33334.10(a)
C al0hrnia RedevelormeW Aocncics Fiscal Year 2004-2005 I ICD -C ,
Sch a 17 1 °051 Page 6 d894
83
Agency Name: —La Quinta Redevelopment Agency
4. Expenditures, Loans, and Other Uses
a. Acouisition of Property & Building Sites [33334.1e)(I fl &Housing f 33334.2(c)(
(1)
Land Purchases (lnveshnent - 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 amount(s)]:
$
* Reported to SCO as part o/'Assets and Other Debts
(10)
Subtotal Property/Building Sites/Housing Acquisition (Sum
of Lines 1 — 9) $
b. Subsidies from Low and Moderate luconre I•Iousing, fund LMI
(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 LMIHF (Sum of Lines 1 — 4)
c. Debt _ServigR j33334 ,2(c )L'A j. If paid from LMIHF, report LMIHF's share of debt service. If paid from
Debt Service Fund, ensure "gross" tax increment is reported on HCD-A(s) Line 3a(I ).
(1) Debt Principal Payments
(a) Tax Allocation, Bonds & Notes $
(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 amount(s)]:
$
$ $
(5) Subtotal Debt Service (Sum of Lines 1 — 4) $
d. Planning and Administration Costs 133334.31e
(1) Administration Costs $
(2) Professional Services (non.pMicc.t specific) $
(3) Planning/Survey/Design (RPDproject specific') $ 3,540,310
(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) $ 3,540,310
California Redevelopment Agencies — Fiscal Year 2004-20.05 1ICD-C
Page 2 of 8
M,
Agency Name: _La Quinta Redevelopment Agency
22 Fout note arca to incorporate any additional information.
?; Pro'ect Achievement and HCD Director's Award for Housiiiig Excellence
Project achievement information is optional but can serve important purposes: ,Agencies' achievements can inform others of
successful redevelopment projects and provide instructive information tier 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 incl cllicicnt programs to address local housing needs,
In addition, HCD may select various projects to receive the Director's Award for I lousing Excellence. Projects may he selected
based on criteria such dS local aflurdablc housing nced(s) mct, resource~ utiliMl, barriers overcome, and project
innovation complexity, etc
Project achievement information should only be submitted fin' one affordable residential project that was completed within the
reporting year as evidenced by a Certificate of Occupancy. The project must not have been previously reported as an
achievement.
-to pudlish al,1e7cie.c' crc•lrierements in a .cmiukircl lar•ntul, please eomillete itflornrcllion for each underline-cl
eute;vm_a• below addressill- sm esled topics ill a elm-rative format that docs not er-t'c'eetl tiro pares (Vee exanrplC,
nc'XI thIge/. In udelitian to SIII)IIIIIIIIIII nrlornccttion Irilh other MCi-) jornt.e to the .5'tate Controller, pletvw submit
uehicicemcul inlormotiorl on a 3.5 inch diskette and ideuti/i' the ,voitirure lYI)c and version For c•onrenienrr•
the diskcite eon be sepu1711`1 ,v m ailed to: HCDPolic.v Division, 18003" r Street, Sucv•ctnaewto. CA 95814 or data
cull he e�nxriled /w aticrchilr, the lite ell cl.sendilr; it to. ur rizriatar.hecl.cer ni
AGENCY INFORNIATION
• Project T�I)e (Choose one of the categories below and one kind ofassistancc
representing the f rift ary project type):
New/Additional Units (PreVIODSIV U11oeeLt;}IL /.Unij 17�1bII:it�IC .
E t tin 4ltlits tPrevi�usly [1L"e[9j)iccjd
Ncw Construction to own
- Rehabilitation ofOwnel-Occupied
New Construction to rent
Rehabilitation ofTcnant-Occupied
Rehabilitation to own
Acquisition and Rehabilitation to Own
Rehabilitation to rent
- Acquisition and Rehabilitation to Rent
Adaptive Re -use
- Mobileho111esiManlrfacturecl Homes
Mixed Use Infill
- Payment Assistance for Owner or Renter
Mobilehomcs/Manufactured Homes
- Transitional Ilousing.
Mortgage Assistance
- Other (describe)
Transitional Housing
Other (describe)
Agency Name:
Agency Contact and Telephone N11t11bCr for the Project:
DESCRIPTION
• Project Nan1c
• Clientele served [owner, renter, income group, special need (e_g, large family or disabled), etc ]
• Number and type of units Land location, density, and size of projecl relative to other projects, etc
• Degree ol'aftiordability!assistance rendered to families by project, etc,
• UniquencsS (land use, design features, additional services/amenities provided, funding source,%collaboration, befi/rc/alicr
project conversion such as re -use, mixed use, etc.)
• Cost (acquisition, clean-up, infrastructure, conversion, dcvclopnlcnt, etc.)
HISTORY
• Timeframe from planning to opening
• Barriers/resistance (legal%financial>community, ctc.) that were overcome
• Problems and creative SulutionS luund
• Lessons learned and,,or recommendations for undertaking a similar project
AGENCY ROLE AND ACHIEVEMENT I
( k
• Degree of involvement with concept, design, approval, financing, consn-uction, operation, and cost, etc.
• Specific agency and/or community goals and objectives met, etc.
Cithfiflrnri ROLIOWIupmcni Agencies Fiscal You 20;-21)0
Sch ( (7.11205)
HCD-C
Page 7 of h
RE
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (area/name/agy or nonagy devlrental 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, & Ds3-4-5.
2. 20 sub rehab (nonrestricted): Area 3: 4 Agy Dev. 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 D-3.
4. 10 new (Outside). 2 Agy Dev (restricted Rental), 8 Nonagy Dev (nonrestricted Ownet) Complete 2 D -1s, 1 D-4, & 1 D-5.
Name of Redevelopment Agency: La Quinta Redevelopment Agency
Identify Project Area or specify "Outside": Project Area No. 1
General Title of Housing Project/Program: Rehabilation Loan Program
Project/Program Address (optional):
Street: City: ZIP:
52-135 Avenida Carranza La Quinta CA
Owner Name (optional): James and Laura Cassell
Total Project/Program Units: #1 Restricted Units: #_ _.,.. Unrestricted Units: #1
For oroiects/proslrams with no RDA assistance, d4 not complete any of below or any of HCD D2 -D6. Only complete HCD-D7.
Was this a federally assisted multi -family rental project [Gov't Code Section 65863.10(a)(3)]? ❑ YES 0 NO
Number of units occupied by ineligible households (e.g. ineligible income/# of residents in unit) at FY #0
end
Number of bedrooms occupied by ineligible persons (e.g. ineligible income/# of residents in unit) at FY #0
end
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: # ® 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)
# DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING
# DISABLED (Physical) #4 FEMALE HEAD OF HOUSHOLD #1 ELDERLY
# FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) J (allowable use cLnly with Sch-D6)
Affordability and/or Special Need Use Restriction Term enter_day/montnlyear using digits, e.g. U1tU11zuuz
Re Iacement Housing Units Inclusiona Housing Units Other HousingUnits Provided
With LMIHF Without LMIHF
Restriction Start Date 7/1/2004 to 6/30/2005 N/A
Restriction End Date 45 Years
Perpetuity
Funding Sources:
Redevelopment Funds:
$ 25,000.00
Federal Funds
$
State Funds:
$
Other Local Funds:
$
Private Funds:
$
Owner's Equity:
$
TCAC/Federal Award:
$ .___.
TCAC/State Award:
$
Total Development/Purchase Cost: $ !00.00
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
N Replacement Housing Units Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2) ❑ Inside Project Area (Sch HCD-D3) ® Wifh LMIHF (Sch HCD-D5)
❑ Outside Project Area (Sch HCD-D4) ❑ Without LMIHF (Sch HCD-D6)
❑ Ng Agri Assistance (Sch HCD-D7) •�
E
California Redevelopment Agencies - Fiscal Year 2004-2005 HCD-D1
Sch ISI (7 1-Oi)
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 both apply, complete a separate form for each (with another Sch D-1):
❑ A enc Developed ® Non -Agency Developed
Check only one. If both apply, complete a separate form for each (with another Sch D-1):
❑ Rental ® Owner -Occupied
Enter the number of restricted replacement units and bedrooms 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:
Elderly Units Non Elderly Units Total Elderly & Non Elderly Units
VLOW LOW MOD rTOTAL INELG VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG
Cmint of B drouuis Jv.g,: I elderly', lim. 2 Nirm unit and 4 yonelderl►. lon, 2 bdrnt units = I0 Jim 2 b(Irnts x +)
1 Bedroom Unit (1 x # of units) 2 Bedroom Unit (2 x # of units)
VLOW LOW MOD TOTAL INELG VLOW LOW MOD TOTAL INELG
f
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
_— = =
TOTAL (sum of all unit Bedrooms)
VLOW LOW MOD TOTAL INELG
B Substantial Rehabilitation Wost 93/AB 1290 definition: increased value, inclusive of land, is X25%a):
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
1 6 1 3 9 = 6 1 3 1 1 10
(:()uat m1' [iedroonls (e.t<.: l elderiy. mod, I btlrm unit and 2 nonelderiv, mod, I b(Irm units = 3 mod ( I bdrtlls x -1
1 Bedroom Unit (1 x # of units) 2 Bedroom Unit (2 x # of units)
VLOW LOW MOD TOTAL INELG VLOW LOW MOD TOTAL INELG
=0 1 0
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.
18 9 3El
='
TOTAL (sum of all unit Bedrooms)
VLOW LOW MOD TOTAL INELG
18 9 330
California Redevelopment Agencies - Fiscal Year 2004-2005 HCD-D2
Sch D? (7 I-Ui) 11agc I of 2
87
Agencv Name: I_.a t uinta Redcvel invent Amy Housing Project Name: Home Purchase LqL, 1'rn rsnl
SCHEDULE HCD-D2
REPLACEMENT HOUSING UNITS (continued)
Note: "INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total
C Non -Substantial Rehabilitation ffulfills Pre 94 Re lacement Obligation :
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
Count of 13e(Iroonis e. 3 nonelderly, vlow, 3 bdrm units and 4 nonelderly 4 bdrm units TOTAL 25 bdrms
1 Bedroom Unit (1 x # of units) 2 Bedroom Unit (2 x # of units)
VLOW LOW MOD TOTAL INELG VLOW LOW MOD TOTAL INELG
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
TOTAL (sum of all unit Bedrooms)
VLOW LOW MOD TOTAL INELG
❑ ❑❑
TOTAL UNITS (Add only TOTAL of all "Total Elderly / Non Elderly Units" not bedrooms): lU
4 TOT4L [ 1ITS is less than "Total Project Units" on HCD Sch D1, report the remaining; units as instructed
helmv.
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-A5)
❑ Dptsjde Project Area (Sch HCD-D4) ❑ Without LMIHF (Sch HCD-D6)
❑ No Assistance (Sch HCC? -D7)
Identify the number of Replacement Units which also have been counted as Inclusionary 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.
f I II I❑ I =❑I -=I E]
California Redevelopment Agencies - Fiscal Year 2004-2005
sch D2 (7 i 0S)
HCD-D2
Page 2 of 2
( ri9
SCHEDULE HCD-E
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION
BASED ON SPECIFIED HOUSING ACTIVITY DURING THE REPORTING YEAR
Agency; La Quinta Redevelopment Agency_.___________
Name of Project or Area (if applicable, list "Outside" or "Summary"
Complete this form to report activity separately by project or area or to summarize activity for the year.
Report all new construction acrd/or substantia! rehabilitation units from Forms D2 through D7 that were:
(a) developed by the )agency and/or (b) developed only in a project area br a nonagencjy person or entity.
1.
PARI' I IH&SC Section 33413(b)(1)1
AGENCY DEVELOPED UNITS DURING THE REPORTING YEAR
BOTH INSIDE AND OUTSIDE OF A PROJECT AREA
New Units Developed by the Agtmcy
0
2.
Substantially Rehabilitated Units Developed by the A>ertcy
0
3.
Subtotal - Baseline of AgDISIX Developed Units (add lines 1 & 21)
0
4.
Subtotal of increased InCInSionary Obligation (Line 3 x 30"N) (see Notes / and 2 Moil)
0
5.
Very-Lq�v Inclusionary Obligation increase Units (Line 4 x 50`%)
0
PART II (H&SC Section 33413(b)(2)1
NONAGENCY DEVELOPED UNiTS DURING THE REPORTING YEAR
ONLY INSIDE A PROJECT AREA
6.
New Units Developed by Any Lpija gLic Person or Frltity
0
7,
Substantially Rehabilitated Units Developed by Any Notion 1; 11 y Person or Entity
0
8.
Subtotal -Baseline of'Nonqgenc Developed Units (add lines 6 & 7)
0
9.
Subtotal of increased Inclusionary Obligation (Line S x 15'%) (see Notes I and 2 he(otit)
0�
0.
Ver -Law Inclusionary Obligation Increase (Line 9 x 40"/))
0
PART 111 REPORTING YEAR TO'I'AL.S
11.
Total Increase in Inclusionary Obligation (add 1i11es 4 and 9)
L 0 J�
12.
Vel -LOW I11CIUSlonary Obligation Increase (add lines 5 and 10) (Line 12 is a subset of Lure
11)
0
r....Y......... ...... •.i..i*L.y.4...........................................1....►..*...a....++.'................. I.- .•.....z
NOTES:
1. Section 33413(b)(1), (2), and (4) require agencies to ensure that applicable percentages (30'% or 15%) q/
all (market -rate and affordable) "new and suhstantially rehabilitated dwelling units" are made available
at affordable /rousing cost within 10 -year planning periods. llrrrlurt-rcrtr tont~: units not assisted with
low -mod funds and jurisdiction does not control of fordabilitt, restrictions. A f n-dable omits: units
generally restrictedfin- the longest feasible time beyond the redevelopment plan's land use controls and
jurisdiction controls affirdabilitty restricliorrs.Aj_ EL devetloaed units: market -rade units cxor not exceed
70 percent and affordable units must be at least 30 percent; however, all units assisted with lory-prod
fiords must be arfforalable. Nonat enc , develrr red ngLet arca units: market -rate units can not exceed
85 percent and affordable units must be cit least 15 percent.
2. Production requirements may be met on a project -by pro%ec't basis or in aggregate within each 10 -year
planning period. The percentage of affordable runts relative to total units required within each 10 -year
planning period may, be calculated as follows:
AFFORDABLE units = Market-ratex t30 or.Q TOTAL awaits = 1l?atrket-)-rite oi—A oi-elaablc�
(.70 or. 85) (.70 or. 85) (30 or. 15)
California Redevelopment Agencies - Fiscal Year 2004-2005
tiih N.-117:111 0�1
HCD-E
[I,