FY 2007-2008 - HCD Annual Report of Housing Activity for RDACALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
REDEVELOPMENT AGENCY ANNUAL HOUSING ACTIVITY REPORT
FY ENDING: 6 / 30 / 2008
Agency Name and Address:
La Quinta Redevelopment Agency
78-495 Calle Tampico
La Ouinta, CA 92247
County of Jurisdiction:
Riverside
Health & Safety Code Section 33080.1 requires agencies (RDAs) to annually report on their Low & Moderate Income Housing Fund and
housing activities for the Department of Housing and Community Development (HCD) to report on RDAs' activities in accordance with
Section 33080.6.
Please answer each guestion below. Your answers detennine how to complete the HCD report.
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 rel2orting year. No financial transactions were completed).
® Active (Financial and/or housing transactions occurred during the reporting year)
❑ Inactive (1`fio financial ttndltar housing_transactiynsoecurred durin the reporting vear). ONLY COMPLETE ITEM 7
❑ Dismantled (Agency adopted an ordinance and dissolved itself before start of reporting year). ONLY COMPLETE ITEM 7
2. During Nporting_,tiar, how many adoptedra•ea� ct areas existed? 2 Of these, how many were merged during year? 0
If the agency has one or more adopted project areas complete SCHEDULE HCD-A for each RmLecl area.
If the agency has no adoto project areas, DO NOT compete SCIIED'ULE HCD-A (refer to next question).
3. Within an area outside of any adopted 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 (refer to next question).
4. Did the agency's Low & Moderate Income Housing Fund have any assets during the reporting period?
0 Yes. Complete SCHEDULE HCD-C.
❑ No. DO NOT complete SCHEDULE HCD-C.
5. During the reporting period, were housing units completed within a .project axes and/or assisted by the agency outside a proiect area?
Yes. Complete all applicable HCD SCHEDULES D 1-D7 for each housing project completer! and HCD SCHEDULE E.
❑ No. DO NOT complete HCD SCHEDULES D1 -D7 or HCD SCHEDULE E.
6. Specify whether method A and/or B was used to report financial and housing activity information to HCD:
A. Forms. All required HCD SCHEDULES A. B. C, D1 -D7, and E are attached.
❑ B. On-line (http://www.hcd.ca.govlydal) "Lock Report" date: HCD SCBEDULE-S n[�t required,
(lock date is shown under "Admin "Area and "Report Change History')
7. To the best of my knowledge: (a) the represen#a urs de above and (b) agency information reported are correct.
Date i—��)Signature of Aulhnrized Agency Representative
Finance Dircetor
Title
Telephone Number
• IF NOT REQUIRED TO REPORT, SUBMIT ONLYA PAPER COPY OF THIS PAGE.
• IF REQUIRED TO REPORT, AND REPORTING BY USING PAPER FORMS (INPLACE OF REPORTING ON-LINE), SUBMIT
THIS PAGE AND ALL APPLICABLE MCD FORMS (SCHEDULES A-E) WITH A COPY OF AGENCY'S A UDIT.
• IF REPORTING ON-LINE, PRINT AND SUBMIT "CONFIRMATIONLETTER" UPON LOCKING REPORT
• MAIL A COPY OF (a) CONFIRMATION LETTER (IF HCD REPORT WAS ELECTRONICALLY FILED) OR (G) COMPLETED
FORMS AND (c) AUDIT REPORT TO BOTH HCD AND THE SCO:
Department of Housing & Community Development
Division of Housing Policy
Redevelopment Section
1800 3"t Stt eet, Suite 430
Sacramento, CA 95814
Redevelopment Agency Annual Report - Fiscal Year 2007-2008
Cover (711H08)
The State Controller
Division of Accounting and Reporting
Local Government Reporting Section
3301 C Street. Suite 500
Sacramento, CA 95816
HCD-Cover
Page 1 of 1
SCHEDULE HCD-A
Inside Project Area Activity
for Fiscal Year that Ended _6_ 1 30 4.2008
Agency Name; La_Quinta Redevelopment_Agency Project Area Name: Project Area No. 1
Preparer's Name, Title: _Michael Benjamin, Associate Preparer's E -Mail Address: mbenjamin cr webrsg.cnnt
Preparer's Telephone No; _(714) 541-4585_ext.124 Preparer's Facsimile No: _(714) 541-1175
GENERAL INFORMATION
I . Project Area Information
a. 1. Year I" plan for project area was adopted: 1983
2. Year that plan was last amended (if applicable): 2003
3. Was plan amended after 2001 to extend time limits per Senate Bill 211 (Chapter 741, Statutes of 2001)? Yes X No_
4. Current expiration of plan: ll / 29 / 2023
mo day yr
b. If project area name has changed, give previous name(s) or nu nber:
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-[ 976 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 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 project areas and geographic tineas added by amendment after 1975 to pre- 1976project areas: 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 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 HCD-A. Line 3a(3) when rwortine 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.
California Redevelopment Agencies—Fiscal Year 2007-2008 HCD-A
sch A (7/1/08) Page 1 of 6
Agency Name: _La Quinta Redvelopment Agency Project Area Name: _Project Area No.
Praiect Area Housing Fund Revenues and Other Sources
3. Report all revenues and other sources of fiends 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 proiect area is named as benefici= in the authorizing resolution. Any
other revenue sources not reported on lines 3a. -3i., should also be reported on Line 3j.
Enter on Line 3a(1) the full 100% of gross Tax Increment allocated prior to ap121icable pass through 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 (if amount set-aside is less than required 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) 100% of Gross Allocation: $ _54,345,390
(2) Calculate only l set-aside amount: either A or B below:
(A) 20% required by 33334.2 (Line 3a(1) x 20%): $ 10,869,078
(B) 30% required by 33333.10(g) (Line 3a(1) x 30%): $
(Senate Bill 211, Chapter 741, Statutes of 2001)
(3) Amount of set-aside (Line 3a(2)) allocated to Housing Fund $ 10,869,07$
* If, 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) Ainount 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)]: $ 10.869078
b. Interest Income: $ 1.048.925_
c. Rental/Lease Income (combine amounts separately reported to the SCO): $ __275665 `
d. Sale of Real Estate: $ --15&961
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: $
j. Other Revenue(s) [Explain and identify amount(s)]:
Miscellaneous Revenues $ 471,811
$ $ 471,811
k. Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6). through 3j,): $ 12,823,540
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-A
sch A (7/1/08) Page 2 of 6
Agency Name: _La Quinta Redvelopment Agency Project Area Name: _Project Area No. 1-
Exemptions)
4. a. If an exemption was claimed on Page 2, Line 3a(4) to deposit less than the required amount, complete the following information:
Check only one of the Health and Safety Code Sections below (Note: An Annual Finding is required to be submitted to HCD)
❑ Section 33334.2(a)(1): No need in community to increase/improve supply of lower 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 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:
mo day yr mo day yr
Adoption date of reporting ycar finding: / /_-____ Resolution # Date sent to HCD: / /
mo day yr mo day yr
Vefcrral(s)
5. a. Specify the authority for deferring any set-aside on Line 3a(5). Check only ane 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 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 Page 2, Line 3a(5) and/or Line 5a above, identify:
Date that initial W) finding was adopted: / / Resolution #
mo day yr
Adoption date of reporting yearfrndin : / / Resolution #
mo day yr
Date sent to HCD:
mo day yr
Date sent to HCD:
mo day 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:
I* The cumulative amount of deferred set-aside should also be shown on HCD-C, Line 8a. I
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: S__ Reason(s):
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-A
Sch A (7/1/08) Page 3 of 6
Amount of Prior
Cumulative Amount
Amount Deferred
Deferrals Repair!
Deferred (Net of Any
Fiscal Year
This Reporting FY
During Reporting FY
Amount(s) Repaid)
(1) Last Reporting FY
$
(2) This Reporting FY
$
$
$ * x
I* The cumulative amount of deferred set-aside should also be shown on HCD-C, Line 8a. I
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: S__ Reason(s):
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-A
Sch A (7/1/08) Page 3 of 6
Agency Name: _La Quinta Redvelopment ,Ageocw_ Project Area Name: _Project Area No. i
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?
mo day yr
If yes, when was the original plan adopted for the claimed deferral?
Identify Resolution # Date Resolution sent to HCD
mo day yr
mo day yr
When was the last amended 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 Prolect Activity. Pursuant to Sections 33080.4(a)(1) 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, over
the reporting )rear, (refer to Section 33413 for unit and bedroom replacement requirements).
Nnmher of Hnnsehnlds/iTnits/Redrnnms
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 Ali
b. Other Activity. Pursuant to Sections 33080.4(a)(1) and (a)(3) based on activities other than the destmclion or removal of
d elfin 7 units and bedrooms iM)orted on Line 6a, report by income category the number of elderly and nonelderly households
permanently displaced over the reportingyear:
Nnmher of Hnn.cehnlds
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 year, each replacement housing plan required to be adopted
before the pennanent 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 adoptees.
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-A
sch A (7/1/08) Page 4 of 6
Agency Name: _La Quinta Redvelopment Agency Project Area Name: _Project Area No. 1
Estimated Protect Area Households to be Permanently Displaced Over Current Fiscal Year:
7. a. As required in Section 33080.4(a)(2) 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 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
mo 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 Reauirente>tts of Other Proiect Areas)
Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project areas to fulfill another project area's requirement to
constrict 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? / / Resolution # Date sent to HCD: / /__T
mo day yr mo day yr
Number of Dwe ling Units
Name of Other Project Area(s) VL L M Total
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-A
Sch A (7/1/08) Page 5 of 6
Agency Name: _La Quinta Redvelopment Agency
Project Area Name: _Project Area No.
Sales of Owner -Occupied Units Inside the Pro'ect Area Prior to the Expiration of Land Use Controls
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 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 -occupied units during the reporting year?
®No
❑Yes qZ
b.
.p
F— Total Proceeds From Sales Over Reporting Year Number of Units
SALES VL
L
M Total
Units Sold Over Reporting Year
Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago
Name of
19ua UUr11 .
®No
❑Yes
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(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 within two years from the date of the al roement 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 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 LMIHF Spent On Equal Units Over Number of Units
Re orti.n 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 Project Area 'Within Two Years
10. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two years from the date of the al roement 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 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/in 2 yrs of,Col B
[Line 6a]
[Line 7a]
VL
L M Total
$
$
$
$
Is
Is
m
Please attach a separate sheet of paper to list additional inforation.
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-A
Sch A (7/1/08) Page 6 of 6
SCHEDULE HCD-A
Inside Project Area Activity
for Fiscal Year that Ended 6 / 30 / 2008
Agency Name. La Quinta Redevelopment_ Agency Project Area Name:Pruiect Area No. 2
Preparer's Name, Title: Michael Benjamin. Associate Preparer's E -Mail Address: _mbenja lin rr webrs .coni
Preparer's Telephone No: _f714) 541-4585 ext. 124 Preparer's Facsimile No: (714) 541-1175
GENERAL INFORMATION
1. 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 after 2001 to extend time limits per Senate Bill 211 (Chapter 741, Statutes of 2001)? Yes X No_
4. Current expiration of plan: ll / 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 forner 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 subsequently 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:
mo day yr
Resolution Scope (applicable Section 33413 requirements):
Dost -1975 -project areas andcog rayhic areas added by amendment after 1975 to pre -1976 project areas: 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 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 HCD-A, Line 303) when reporting 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.
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-A
Sch A (7/1/08) page I of 6
Agency Name: _La Quinta Redvelopment Agency Project Area Name: _Project Area No.
Pruiect Area Flousing Fund Revenues and Other Sources
3. Report all revenues and other sources of fiends from this project area which accred 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. -3i., 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 fiords 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 (if amount set-aside is less than required minimumto), explain the difference). If any amount of
Tax Increment was exempted or deferred, in addition to completing lines 3a(4l 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) 100%" of Gross Allocation: $ _28,859,688_
(2) Calculate only i set-aside amount: either A or B below:
(A) 20% required by 33334.2 (Line 3a(1) x 20%"): $ 5,771,938
(B) 30% required by 33333.10(g) (Line 3a(1) x 30%): $
(Senate Bill 211, Chapter 741, Statutes of 2001)
(3) Amount of set-aside (Line 3a(2)) allocated to Housing Fund $ _5,771,938
* If, pursuant to Section 33334.3(i), 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 33334.6]
(if there is an amount deferred, also complete question #5, next page): ($ 1
(6) Total deposit to the Housing Fund [result of Line 3a(3) through 3a(5)]: $ 5,771,938
b. Interest Income: $ 1,035,141
c. Rental/Lease Income (combine amounts separately reported to the SCO): $
d. Sale of Real Estate: S 352,685
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:
j. Other Revenue(s) [Explain and identify amount(s)]:
Miscellaneous Revenues $ 115,417
Advance from City $ 9,378,966
$ $ 9,494,383
k. Total Project Area Receipts Deposited to Housing Fund (add lines 3a(6). through 3j.); $ 16,654,147
California Redevelopment Agencies —Fiscal Year 2007-2008 HCD-A
Sch A (7/l/08) Page 2 of 6
Agency Name: _La Quinta Redvelopment Agency Project Area Name: _Project Area No. 2
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:
Check only one of the Health and Safety Code Sections below (Note: An Annual finding is required to be submitted to HCD)
❑ Section 33334.2(a)(1): No need in community to increase/improve supply of lower 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 effort equivalent in value to minim -am 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 (I") futdin , was adopted: / / Resolution # Date sent to HCD:
mo day yr mo day yr
Adoption date of reporting year findinly: / /— Resolution # Date sent to HCD: /
mo day yr mo day yr
Deferrals)
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 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 Page 2, Line 3a(5) and/or Line 5a above, identify:
Date that initial (I") finding was adopted: / / Resolution #
mo day yr
Adoption date of reporting year findin>;: / / Resolution #
mo day yr
Date sent to HCD:
mo day yr
Date sent to HCD: / /
mo day 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:
I* 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 2007-2008 HCD-A
sch A (7/1/08) Page 3 of 6
Amount of Prior
Cumulative Amount
Amount Deferred
Deferrals Repaid
Deferred (Net of Any
Fiscal Year
This Reporting FY
During Reporting FY
Amount(s) Repaid)
(1) Last Reporting FY
$
(2) This Reporting FY
$
$
$
I* 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 2007-2008 HCD-A
sch A (7/1/08) Page 3 of 6
Agency Name: _La Quinta Redvelopment Agency Project Area Name: _Project Area No.
Deferral(s) (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 original plan adopted for the claimed deferral?
Identify Resolution # Date Resolution sent to HCD
mo day yr
mo day yr
mo day yr
When was the last amended 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
6. a. Redevelopment Project Activity. Pursuant to Sections 33080.4(a)(1) 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, over
the reporting Year, (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(a)(1) and (a)(3) based on activities Other than the destruction or removal of
dwelling, units and bedrooms rMorted on Linc 6a, report by income category the number of elderly and nonelderly households
permanently displaced over the reporting year:
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 reporting yea r, 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 Rcdevclopment Agencies — Fiscal Year 2007-2008 HCD-A
Sch A (7/1/08) Page 4 of 6
Agency Name: _La Quinta Redvelopment Agency Project Area Name: _Project Area No.
I?stimated Pry ect Area Households to he Permanently Displaced Over Current Fiscal Year:
7. a. As required in Section 33080.4(a)(2) 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 pennanently 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 at, 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
mo day yr
Name of Agency Custodian
Name of Agency Custodian
Please attach a separate sheet of (raper listing any additional housing plans adopted.
Units Developed Inside the Proiect Area to Fulfill Requirements of Other Prollect Area(s)
8. Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project areas to fulfill another project area's requirement to
constrict 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 initis finding was adopted? / / Resolution # Date sent to HCD:
mo day yr mo day yr
Number of Dwe ling Units
Name of Other Project Area(s) VL L M Total
California Redevelopment Agencies —Fiscal Year 2007-2008 HCD-A
sch A (7/1/08) Page 5 of 6
Agency Name: _La Quinta Redvelopment Agency.
Project Area Narrre: _Project Area No.
Sales of Owner -Occupied Units Inside the Proilect Area Prior to the Expiration of Land Use Controls
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 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 -occupied units during the reporting year?
NNo
0
❑Yes
Equal Units. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years?
®No
❑Yes
Total Proceeds From Sales Over Reporting Year Number of Units
SALES VL
L
M
Total
Units Sold Over Reporting Year
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago
Sch C Amount
Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago
Equal Units. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years?
®No
❑Yes
Affordable Units to be Constructed Inside the Protect Area Within Two Years
10. Pursuant to Section 33080.4(a)(10), report the number of very. low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two years from the date of the agtreement 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 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 LMIHF Spent On Equal Units Over
Reporting Year
Number of Units
SALES
VL L M Total
Units Made Equal This Reporting Yr to Units Sold Over This Reporting Yr
Agreement
Units Made Equal This Reporting Yr to Units Sold One Reporting Yr Ago
Sch C Amount
Units Made Equal This Reporting Yr to Units Sold Two Reporting Yrs Ago
Project and/or
Units Made Equal This Reporting Yr to Units Sold Three Reporting Yrs Ago
Completion Date
Affordable Units to be Constructed Inside the Protect Area Within Two Years
10. Pursuant to Section 33080.4(a)(10), report the number of very. low, low, and moderate income units to be financed by any federal,
state, local, or private source in order for construction to be completed within two years from the date of the agtreement 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 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/in
2 yrs of Col B
[Line 6a]
[Line 7a] VL L M Total
_
I
$
$
$
Is
$
Is
Please attach a separate sheet of paper to list additional information.
California Redevelopment Agencies—Fiscal Year 2007-2008 HCD-A
Sch A (7/1108) Page 6 of 6
SCHEDULE HCD-C
Agency -wide Activity
for Fiscal Year Ended 6 / 30 / 2008
Agency Name: La Quinta lWevelopment Agency. County: Riverside
Preparer's3 p 1 ii@,webrsg_com
Name, Title: Michael Bena'mmx Associate Preparer's s E -Mail Address: mben ann
. __
Preparer's Telephone No: (714) 316-2124 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.
1. Beginning Balance (Use "Net Resources Available" from last fiscal year report to HCD) S.-54,041 �619
a. If Beginning Balance re uires adjustments .describe and provide dollar amount ositive/ne ative
making up total adjustment: Use < $ > for negative amounts or amounts to be subtracted.
b. Adjusted Beginning Balance [Beginning Balance plus + or minus <-> Total Adjustment(s)] $ 54,041,619
2. Project Area(s) Receipts and Housing Fund Revenues
a. Total Project Area(s) Receipts. Total Summed amount of HCD-Schedule A(s) (from Line 3k) $_29,477,687
b. Housing Fund Resources not reported on HCD Schedule -A(s)
Describe and Provide Dollar Amount(s) (Positive/Negative) Making Up Total Housing Fund Resources
$
c. Total Housing Fund Resources
Total Resources (Line lb, + Line 2a +Line 2c.)
$ 83,519,306
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 fiords: 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 HCD-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 citepertaining to Community Redevelopment Law (CRL) isprovided forpreparers 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: 17tt1n:Ilvnvw.lcgitrfo.ca.g�ovl (California Law)) beginning with Section 33000 of the Health and Safety Code.
California Redevelopment Agencies— Fiscal Year 2007-2008 HCD-C
sch C (7/l/08) Page 1 of 10
Agency Name: La Ouinta Redevelopment Agency
4. Expenditures, Loans, and Other Uses
a. Acquisition -of Prol)erty & Buildine Sites [33334.2(e)(1)] & Housine 1333342(c)(6
(1)
Land Purchases (Investment — Land Held for Resale) *
$
(2)
Housing Assets (Fixed Asset) *
$
(3)
Acquisition Expense
$ 29,397,486
(4)
Operation of Acquired Property
$ 248,108
(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 of Assets and Other Debts
(10) Subtotal Property/Building Sites/Housing Acquisition (Sum of Lines 1 — 9)
$ 29,645,594
b. Subsidies from Low and Moderate Income Housing Fund (LMIHF):
(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)]:
2" d Trust Deeds $ 4,838,250
(5)
Subtotal Subsidies from LMIHF (Sum of Lines 1 — 4)
$ 4,838,250
c. Debt Service f 33334.2(e)(9)]. 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(1).
(1)
Debt Principal Payments
(a) Tax Allocation, Bonds & Notes
$ 321,900
(b) Revenue Bonds & Certificates of Participation
$ 1,570,000
'(c) City/County Advances & Loans
$ 100,000
(d) U. S. State & Other Long—Term Debt
$
(2)
Interest Expense
$ 4,521,936
(3)
Debt Issuance Costs
$
(4)
Other [Explain and identify amount(s)]:
(5)
Subtotal Debt Service (Sum of Lines 1 — 4)
$ 6,513,836
d. Planning and Administration Costs [33334.3(e)(I )
(1)
Administration Costs
$ 585,638
(2)
Professional Services on proiect specific)
$ 1,191,181
(3)
Planning/Survey/Design (nota pabject specific)
$
(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)
$ 1,776,819
California Redevelopment Agencies —Fiscal Year 2007-2008 HCD-C
Sch C (7/l/08) Page 2 of 10
Agency Name: La Ouinta Redeve'lo ment Agency
4- Expenditures, Loans, and Other Uses (continued)
e. On/Off-Site Improvements [33334.2(e)(2)] Complete item 13
f Housing Construction [33334.2(e)(5)]
g. Housing Rehabilitation [33334.2(e)(7)]
h. Maintain Supply of Mobilehome Parks [33334.2(e)(10)]
i. Preservation of At -Risk Units [33334.2(e)(11)]
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))
k. Other Expenditures, Loans, and Uses [Explain and identify amount(s)]:
a
Subtotal Other Expenditures, Loans, and Uses $
1 Total Expenditures, Loans, and Other Uses (Stun of lines 4a. -k,) $ 42,774,499
5. Net Resources Available [End of Reporting Fiscal Year]
[Page 1, Line 3, Total Resources minus Total Expenditures, Loans, and Other Uses on Line 4.1.1 $ 40,744,807
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. $ 26,207,301
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. $ 14,537,506
7. Designated/Undesignated Amount of Available Funds
a. Designated From Line 6b- Budgeted/planned to use near-term
Refer to item 10 on Sch-A(s) and item 4 on Sch-B $ 14,537,506
b. Undesignated From Line 6b- Portion not vet budgeted/planned to use $ 0
8. Other Housing Fund Assets (non recurrent receivables) not 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 (periodic/fluctuating payments) $
e. ERAF Loans Receivable (all years) (Sec. 3368 1) $
f Other Assets [Explain and identify amount(s)]:
9- Total Other Housing Fund Assets (Sum of lines 8a. -f.) $
9. TOTAL FUND EQUITY[Line 5 (Net Resources Available) +8g (Total Other Housing Fund Assets] $ 40,744,807
Compare Line 9 to the below amount reported to the SCO (Balance Sheet of Redevelopment Agencies
Financial Transactions Report. [Explain differences and identify amount(s)]:
ENTER LOW -MOD FUND TOTAL EQUITIES (BALANCE SHEET) REPORTED TO SCO $ 40,744,807
California Redevelopment Agencies — Fiscal Year 2007-2003 HCD-C
Sch C (7/1/08) Page 3 of 10
Agency Name: La Quinta Redevelopment Agency
Excess Sur lus Information
Pursuant to Section 33080.7 and Section 33334.12(g)(1), report on Excess Surplus that is required to be determined on the first day
ofa fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the greaterof: (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)(3)(A) 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 fiords
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:
Complete Columns 2, 3, 4, & 5 to calculate Excess Surplus for the reporting ear. Colrunns 6 and 7 track prior ears' 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
Total Tax
Increment
Re ap ming Year
Reporting. Year
Expended/Encumbered
Remaining Excess
Current
Increment
Deposits Over
I" Day
1" Day
Against FY Balance of
Surplus for Each
Reporting
Deposits to
Prior Four
Adjusted
Excess Surplus
Excess Surplus as of
Fiscal Year as of
Years
Housing Fund
FYs
Balance
Balances
End of Reporting Year
End of Reporting Year
4 Rpt Yrs Ago
FY 2003-04
$ 9,023,407
$
$
$
3 Rpt Yrs Ago
FY 2004-05
$ 10,282,664
$
$
$
2 Rpt Yrs Aga
FY 2005-06
$ 14,089,024
$
$
$
1Rpt YrAgo
FY 2006-07
$ 15,701,664
$
$
$
CURRENT
Sum of Column 2
Last Year's Sch C
Col 4 minus: lamer
of Col 3 or $lmm
(report positive $)
Reporting
Year
Adigstcd Balance
FY 2007-08
$. 49.096,759
$7 28��
$ 0
$
$
11. Reporting Year Ending Unencumbered Balance and Adjusted Balance:
a. Unencumbered Balance (End of Year) [Page 3, Line 6b] $ 14,537,506
b. If eligible, adjust the Unencumbered Balance for:
(1) Debt Proceeds [33334.12(g)(3)(B)]:
Identify uns ent debt proceeds and related income remaining at end of reporting year $ 0
(2) Land Conveyance Losses [(33334.12(g)(3)(A))]:
Identify Mporting year losses from sales/grants/leases of land acquired with low -mod funds,
if 49% or more of new or rehabilitated units will be affordable to lower-income households $ 0
12. Adjusted Balance (for next year's detennination of Excess Surplus) [Line Ila minus srun of l lb(1) and 1 lb(2)] $ 14,537,506
Mote: Do not enter Adjusted Balance in Col 4. It is to be reported as nextyear's 1st day amount to determine Excess Surplus
a. If there is remaining Excess Surplus from what was determined 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:
mo day yr
California Redevelopment Agencies — Fiscal Year 2007-2008
Sch C (7/1/08)
HCD-C
Page 4 of 10
Agency Name: La_Duinta Redevelopment Agency
Miscellaneous Uses of Funds
13. If an amount is reported in 4e., pursuant to Section 33080.4(a)(6), report the total number of very low-, low-, and moderate -income
households that directly benefited from expenditures for onsite/offsite improverrientS which resulted in either new construction,
rehabilitation, or the elimination of health and safety hazards. (Note: If Line 4e of this schedule does not show expenditures for
improvements, no units should be reported here.)
Income
Level
Households
Constructed
Households
Rehabilitated
Households Benefiting
from Elimination of
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/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 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
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-C
Sch C (7/1/08) Page 5 of 10
Agency Name: La_Quinta Redevelopment Agency
16. Did the Agency use non-LMIHF 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 $ HOPE $
17. Pursuant to Section 33080.4(a)(11), the agency shall maintain adequate records to identify the date and amount of all 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 ANYDOCUMENTS/RECORDS.
Has your agency made any deposits to or withdrawals from the LMIHF? 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.): Expenditure Detail Report
Name of Agency Custodian (person): Louise West
Custodian's telephone number: 760) 777-7055
Place where record can be accessed: Finance Dept./City Hall
Name of document (e.g. ledger, journal, etc.): Revenue Detail Report
Name of Agency Custodian (person): Louise West
Custodian's telephone number: J7601777-7055
Place where record can be accessed: Finance Dept./City Hall
18. Use of Other non Low -Mod Fundsl FundsRedevelopment Funds For Housing
Please briefly describe the use of any non-LMIHF redevelopment funds (i.e., contributions from the other 80% of tax increment
revenue or other non Low -Mod funds) to construct, improve, assist, or preserve housing in the cormnunity.
19. Sunestions/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. Annual Monitoring Reports of Previously Completed Affordable Housing Projects/Programs H&SC 3341
Were all Annual Monitoring Reports received for all prior years' affordable housing projects/programs? Yes ® No ❑
Califomia Redevelopment Agencies — Fiscal Year 2007-2008 HCD-C
sch C (7/1/08) Page 6 of 10
Agency Name: La Ouinta Redevelopment Agency
21. Excess Surplus Expenditure Plan (H&SC 33334.10(a)
Not Applicable
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-C
Sch C (7/1/08) Page 7 of 10
Agency Name: La Quinta Redevelopment Agency
22. Footnote area to provide additional information,
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-C
sch C (7/t/08) Page 8 of 10
Agency Name: La Ouinta Redevelgl2ment Agency
23. hro'ect Achievement and HCD Director's Award For Housing Excellence
Project achievement 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. The 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 idents the software type and version. For convenience, the diskette can be
separately mailed to: HCD Policy Division, 1800 Yd Street, Sacramento, CA 95814 or data can be enailed by
attaching the file and sending it to: +'ILa llrcd.ctt.Lnv.
AGENCY INFORMATION
• Project Type (Choose one of the categories below and one kind of assistance representing therip mart' project type):
Ngw/Ad_d_itional Units (Previously Unoccupied/Uninhabitable). Existing Chits (:Previously Occupied)
- New Construction to own - Rehabilitation of Owner -Occupied
- New Constriction 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:
DESCRIPTION
• 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, finding sources/collaboration, before/after project
conversion such as re -use, mixed use, etc.)
• Cost (acquisition, clean-up, infrastructure, conversion, development, etc.)
HISTORY
• Timeframe from planning to opening
• Barriers/resistance (legal/financial/community, etc.) that were overcome
• Problems and creative solutions found
• Lessons learned and/or recommendations for undertaking a similar project
AGENCY ROLE AND ACHIEVEMENT
• Degree of involvement with concept, design, approval, financing, constriction, operation, and cost, etc.
• Specific agency and/or community goals and objectives met, etc.
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-C
sch C (7/t/08) Page 9 of 10
Agency Name: La Quinta RedevelMment Agency
Proiect 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 LMIHF
and HOME funds.
History
The _ (Ci , 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 residential neighborhood 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 Role
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, storm drainage, and the undergrounding of Creek.
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.
California Redevelopment Agencies — Fiscal Year 2007-2008 HCD-C
Sch C (7/1/08) Page 10 of 10
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (area/name/agy or nonapy 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, & 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 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 Project/Program
Project/Program Address (optional):
Street:
53-100 Avenida Villa
53-785 Avenida Ramirez
Owner Name (optional): Garza \ Pacelli
Total Project/Program Units: #2
La Quinta Redevelopment Agency
Project Area No. 1
La Quinta Home Purchase Loan Program
Boys & Girls Club i La Quinta Rental Resale
City: ZIP:
La Quinta 92253
La Quinta 92253
Restricted Units: #2 Unrestricted Units: #0
For protects/programs with no RDA assistance, do not complete any of below or any of HCD D2-1136. Only corrsplete HCD-117.
Was this a federally assisted multi -family rental project [Gov't Code Section 65863.10(a)(3)]? ❑ YES ® 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 end #0
Number of units restricted for special needs: (number must not exceed "Total Project Units') #2
Number of units restricted that are serving one or more Special Needs: #2 ❑ 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) #2 FEMALE HEAD OF HOUSHOLD # ELDERLY
FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use 2nl
y with "Other Housing
Units Provided - Without LMIHF" Sch-D6
Affordability and/or Special Need Use Restriction Term (enter day/month/year using digits, e.g. 07/01/2002):
Replacement Housing Units Inclusiooary Housing Units Other HousingUnits
Provided
With LMIHF
Without LMIHF
Restriction Start Date 7/2/2007 9/14/2007
$ _
Restriction End Date 7/2/2052 9/14/2052
$
Perpetuity
$
Funding Sources:
Redevelopment Funds:
$ 191,050.00
Federal Funds
$
State Funds:
$ _
Other Local Funds:
$
Private Funds:
$
Owner's Equity:
$
TCAC/Federal Award:
$
TCAC/State Award:
$
Total Development/Purchase Cost: $ 191050.00
Check all appropriate form(s) below that will be used to identify all of this Project's/Program's Units:
® Replacement Housing Units
Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2)
® Inside Project Area (Sch HCD-D3) ® With LMIHF (Sch HCD-D5)
❑ Outside Project Area (Sch HCD-D4)
California Redevelopment Agencies - Fiscal Year 2007-2008
Sch DI (7/l/08)
❑ Without LMIHF (Sch HCD-D6)
❑ No Agency Assistance (Sch HCD-D7)
HCD-D1
SCHEDULE HCD-D1
GENERAL PROJECT/PROGRAM INFORMATION
For each different Project/Program (areahiarnela4y or nonage 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- Is, & 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 Owner) Complete 2 D- Is, 1 D-4, & 1 D-5.
Name of Redevelopment Agency:
Identify Project Area or specify "Outside":
General Title of Housing Project/Program:
Project/Program Address (optional):
Street:
Various
Owner Name (optional): Various
Total Project/Program Units: #48
La Quinta Redevelopment Agency
Project Area No. 2
La Quinta Home Purchase Loan Program
Watercolors Senior Housinq
City: ZIP:
La Quinta 92253
Restricted Units: #48 Unrestricted Units: #0
For proiects/prog rams with no RDA assistance do 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)1? ❑ YES ® 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 end #0
Number of units restricted for special needs: (number must not exceed "Total Project Units') #48
Number of units restricted that are serving one or more Special Needs: #48 ❑ 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) tl TRANSITIONAL HOUSING
# DISABLED (Physical) #2 FEMALE HEAD OF HOUSHOLD 1148 ELDERLY
# FARMWORKER (Migrant) # LARGE FAMILY # EMERGENCY SHELTERS
(4 or more Bedrooms) (allowable use only with "Other Housing
Units Provided - Without LMIHF" Sch-06
Affordabilitv and/or Special Need Use Restriction Term (enter davtmonth/year using digits, e.g. 07/0112002):
Re lacement Housing Units Inclusionary Housing Units Other HousingUnits Provided
With LMIHF Without LMIHF
Restriction Start Date 7/1/2007 — 6/30/2008 7/1/2052-6/30/2052
Restriction End Date 7/1/2007 — 6/30/2008 7/1/2052-6/30/2052
Perpetuity
Funding Sources:
Redevelopment Funds:
$ 4,453,100.00
Federal Funds
$
State Funds:
$
Other Local Funds:
$
Private Funds:
$
Owner's Equity:
$
TCAC/Federal Award:
$
TCAC/State Award:
$
Total Development/Purchase Cost: $ 4,453.'!00.00
Check all appropriate form(s) below
that will be used to identify all of this Project's/Program's Units:
® Replacement Housing Units
Inclusionary Units: Other Housing Units Provided:
(Sch HCD-D2)
®Inside Project Area (Sch HCD-D3) ® With LMIHF (Sch HCD-D5)
❑ Outside Project Area (Sch HCD-D4)
California Redevelopment Agencies - Fiscal Year 2007-2008
Sch Dl (7/1/08)
❑ Without LMIHF (Sch HCD-D6)
❑ No Agengy AgencyAssistance (Sch HCD-D7)
HCD-D1
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: Agency Rental Resale Program
Check only one:
® Inside Project Area ❑ Outside Project Area
Check only ane. If both apply, complete a separate form for each (with another Sch D-1):
❑ A Developed ® Non -Agency Developer)
Check only one. If both apply, complete a separate form for each (with another Sch D-1):
❑ E�entai ® 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 TOTAL INELG- VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG,
Count of Bedrooms (e.p-.: i elderly, low, 2 burnt unit and 4 nonelderly, low, 2 bdrm units = 10 tow 2 bdrms x 5
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,
O
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-D2
Sch D2 (7/1/08) Page I of 2
Agency Name: La Quinta Redevelopment P,gency
SCHEDULE HCD-D2
REPLACEMENT HOUSING UNITS (continued)
Housing Project Name: Agency Mental Resale Program.
Enter the number of restricted replacement units and bedrooms for applicable activity below:
Note: `INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total
B. Substantial_ Rehabilitation (Past `931AB 1290 definition: increased value, inclusive of land, is >25%):
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.
_ I I = ❑ O
0i of Bedrooms (e.g.: t elderly, mod, 1 bdrm unit and 2 nonelderly, mod, I bdrm units = 3 mad (I bdrms x 3�
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 0 C
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.
1 1 F-1 =
TOTAL (sum of all unit Bedrooms)
VLOW LOW MOD TOTAL INELG.
1 �1�
TOTAL UNITS (Add only TOTAL of all "Total Elderly / Non Elderly Units" not bedrooms): I _I
If TOTAL UNITS is less than "Total Project Units" on HCD Sch DI, report the remaining units as instructed below.
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
Inclusionary Units Other Housing Units Provided:
® Inside Project Area (Sch HCD-D3) ® With LMIHF (Sch HCD-D5)
❑ Outside Project Area (Sch HCD-D4) ❑ Without LMIHF (Sch HCD-D6)
❑ No Assistance (Sch HCD-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.
[—I
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-D2
Sch D2 (7/l/08) Page 2 of 2
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. 2
Affordable Housing Project Name: Watercolors Senior Housing
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):
❑ Agenc Developed ® Non -Agency Developed
Check only one. If both apply, complete a separate form for each (with another Sch D-1):
❑ Dental ® 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 TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
5 1 F-1 = 5 1 .M. =
Count of Bedrooms (e.2.; 1 elderl_y, low, 2 bdrm unit and 4 nonelderly low, 2 bdrm units = 10 low (2 bdrms x_ -S)
1 Bedroom Unit (1 x # of units) 2 Bedroom Unit (2 x # of units)
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
6 6
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.
4 1 3 ==I
TOTAL (sum of all unit Bedrooms)
VLOW LOW MOD TOTAL INELG.
10 3 13 [:=l
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-D2
Sch D2 (7/1/08) Page 1 of 2
Agency Name. La Quinta Redevelopment Agency _ ,
SCHEDULE HCD-D2
REPLACEMENT HOUSING UNITS (continued)
Housing Project Name: "Waterculgrs_4ciiipr 1 Imsiii
Enter the number of restricted replacement units and bedrooms for applicable activity below:
Note: 'INELG" refers to a household that is no longer eligible but still a temporary resident and part of the total
B. Substantial Rehabilitation (Post'93/AB 1290 definition: increased value, inclusive of land, is >25%):
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 Bedrooms (e.g. .1 elderly, and 1 bdrm units = 3 rood 0 bdrms
.,, x. 1 elderly. mod. 1 bdt•m unit and 2 nnnelde_._
1 Bedroom Unit (t 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.
O
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):
IIf TOTAL UNITS is less than "Total Project Units" on HCD Sch Dl, report the remaining units as instructed below.
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
Inclusionary Units Other Housing Units Provided:
® Inside Project Area (Sch HCD-D3) ® With LMIHF (Sch HCD-D5)
❑ Outside Project Area (Sch HCD-D4) ❑ Without LMIHF (Sch HCD-D6)
❑ No Assistance (Sch HCD-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 �TOT�AL INELG. VLOW LOW MOD TOTAL INELG
II II F-7 = EJ
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-D2
Sch D2 (7/1/08) Page 2 of 2
SCHEDULE HCD-133
INCLUSIONARY HOUSING UNITS (INSIDE 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 Redevelopment Agency
Redevelopment Project Area Name: Project Area No. 1
Affordable Housing Project Name: Boys & Girls Club
Check only one. If both apply, complete a separate form for each (with another Sch-D1):
❑ A enc Developed ® Non -Agency Developed
Check only one. If both apply, complete a separate form for each (with another Sch-131):
❑ Rental ® Owner -Occupied
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:
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
I
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8):
B. Substantial Rehabilitation (Post-'93/AB 1290 Definition of Value >25%: Credit for Obligations Since 199_4):
Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG.
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8):
C. Ac ulsition of Covenants Post-`931AB 1290 Reform: Only 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
_ - _
TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly / Non Elderly Units"):
If -TOTAL UNITS is less than "Total Project Units" on HCD Schedule Dl, report the remaining units as instructed below.
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
® Replacement Housing Units ❑ Inclusionary Units (Outside Project Area) Other 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.
= I I I I El
California Redevelopment Agencies - Fiscal Year 2007-2008
Sch D3 (7/1/08)
HCD-D3
SCHEDULE HCD-D3
INCLUSIONARY HOUSING UNITS (INSIDE 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 Redevelopment Agency
Redevelopment Project Area Name: Project Area No. 2
Affordable Housing Project Name: Watercolors Senior Housing
Check only one. If both apply, complete a separate form for each (with another Sch-D1):
❑ Agency Developed ® Non -Agency Developed
Check only one. If both apply, complete a separate form for each (with another Sch-D1):
❑ Rental ® Owner -Occupied
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:
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.
7 1 35 42 = F—] 7 35 42
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8):
B. Substantial Rehabilitation (Post-'93/AB 1290 Definition of Value >25%: Credit for Obligations Since 1994):
Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units
VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INE�LG.I VLOW LOW MOD TOTAL INELG
J
Of Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8): O
C Acquisition of Covenants (Post-"931AB 1294 Reform: Onlv 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.
1= - � �
TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly / Non Elderly Units„): 42
ff TOTAL UNITS is less than "Total Project Units” on HCD Schedule D1, report the remaining units as instructed below.
Check all appropriate form(s) listed below that will be used to identify remaining Project Units to be reported:
® Replacement Housing Units ❑ Inclusionary Units (Outside Project Area) Other 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
California Redevelopment Agencies - Fiscal Year 2007-2008
Sch D3 (7/1/08)
HCD-D3
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": Project Area No. 1
Complete this form to report activity separately by project or area or to summarize activity for the year.
Report all new construction and/or substantial rehabilitation units from Forms D2 through D7 that were:
(a) developed by the agency and/or (b) developed only in a project area by a nonagency person or entity.
•..0 ......... q4}qq{'¢}pPY¢b}}ga¢gqns-.�!.g}qq pyq}4}}}}}q}¢}}¢v"*.......... }.. 6.V1.}q.*. . q...} ................
NOTES:
1. Section 33413(b)(1), (2), and (4) require agencies to ensure that applicable percentages (30% or 15%) of
all (market -rate and affordable) "new and substantially rehabilitated dwelling units" are made available
at affordable housing cost within 10 year planning periods. Marhet-rate units: units not assisted with
low -mod funds and jurisdiction does not control affordability restrictions. Afforrlable units: units
generally restricted for the longest feasible time beyond the redevelopment plan's land use controls and
jurisdiction controls affordability restrictions. Agency develo0ed snits: market -rate units can not exceed
70 percent and affordable units must be at least 30 percent; however, all units assisted with low -mod
fiends must be affordable. Nouggency developed (project area) units_ : market -rate units can not exceed
85 percent and affordable units must be at least 15 percent.
2. Production requirements may be met on a project -by -project basis or in aggregate within each 10 year
planning period. The percentage of affordable units relative to total units required within each 10 year
planning period may he calculated as follows:
AFFORDABLE units = Market -rate x (30 or. ZS) TOTAL units = Market -rate or Af Li. o,
(. 70 or. 85) (. 70 or. 85) (30 or .15)
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-E
Sch E-1 (7/01/08)
PART I [H&SC Section 33413(b)(1)]
AGENCY DEVELOPED UNITS DURING THE REPORTING YEAR
BOTH INSIDE AND OUTSIDE OF A PROJECT AREA
1.
New Units Developed by the Agency
0
2.
Substantially Rehabilitated Units Developed by the Agency
0
3.
Subtotal - Baseline of Agency Developed Units (add lines 1 & 2)
0
4.
Subtotal of Increased Inclusionary Obligation (Line 3 x 30%) (see Notes I and 2 below)
0
5.
Very -how Inclusionary Obligation Increase Units (Line 4 x 50%)
0
PART II [H&SC Section 33413(b)(2)]
NONAGENCY DEVELOPED UNITS DURING THE REPORTING YEAR
ONLY INSIDE A PROJECT AREA
1
6. New Units Developed by Any Nonagency Person or Entity _
7.
Substantially Rehabilitated Units Developed by Any Nonagency Person or Entity
0
8.
Subtotal - Baseline of Nonagency Developed Units (add lines 6 & 7)
2
9.
Subtotal of Increased Inclusionary Obligation (Line 8 x 15%) (see Notes 1 and 2 below)
10.
Ver.. Inclusionary Obligation Increase (Line 9 x 40%)
1
PART III REPORTING YEAR TOTALS
11.
Total Increase in Inclusionary Obligation (add lines 4 and 9)
12.
Very -Low Inclusionary Obligation Increase (add line 5 and 10) (Line 12 is a subset of Line 11)
1
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NOTES:
1. Section 33413(b)(1), (2), and (4) require agencies to ensure that applicable percentages (30% or 15%) of
all (market -rate and affordable) "new and substantially rehabilitated dwelling units" are made available
at affordable housing cost within 10 year planning periods. Marhet-rate units: units not assisted with
low -mod funds and jurisdiction does not control affordability restrictions. Afforrlable units: units
generally restricted for the longest feasible time beyond the redevelopment plan's land use controls and
jurisdiction controls affordability restrictions. Agency develo0ed snits: market -rate units can not exceed
70 percent and affordable units must be at least 30 percent; however, all units assisted with low -mod
fiends must be affordable. Nouggency developed (project area) units_ : market -rate units can not exceed
85 percent and affordable units must be at least 15 percent.
2. Production requirements may be met on a project -by -project basis or in aggregate within each 10 year
planning period. The percentage of affordable units relative to total units required within each 10 year
planning period may he calculated as follows:
AFFORDABLE units = Market -rate x (30 or. ZS) TOTAL units = Market -rate or Af Li. o,
(. 70 or. 85) (. 70 or. 85) (30 or .15)
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-E
Sch E-1 (7/01/08)
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": Project Area No. 2
Complete this form to report activity separately by project or area or to summarize activity for the year.
Report all new construction and/or substantial rehabilitation units from Forms D2 through D7 that were:
(a) developed by the agency and/or (b) developed only in a project area by a nonagency person or entity.
.a.r.•.•.r.s♦r•tesa+�sle�kd*��ts4e�s-��#s►�s+r.+�.»...,,, ..-.;-.,..,.....,.,..,,e.:.,.ree,�,.aoe�t��r.iw**..w.e.,Pe.�e.n.,. ••. r.••,. •.,-,.++.as+.rstt.
NOTES:
1. Section 33413(b)(1), (2), and (4) require agencies to ensure that applicable percentages (30% or 15%) of
all (market -rate and affordable) "new and substantially rehabilitated dwelling units" are made available
at affordable housing cost within 10 year planning periods. Market -rate units: units not assisted with
low -mod funds and jurisdiction does not control affordability restrictions. Al ordable units: units
generally restricted for the longest feasible time beyond the redevelopment plan's land use controls and
jurisdiction controls affordability restrictions. Agency developed units: market -rate units can not exceed
70 percent and affordable units must be at least 30 percent; however, all units assisted with low -mod
funds must be affordable. Nonagency devgloed ro`ect area units: market -rate units can not exceed
85 percent and affordable units must be at least 15 percent.
2. Production requirements may be met on a project -by -project basis or in aggregate within each 10 year
planning period. The percentage of affordable units relative to total units required within each 10 year
planning period may be calculated as follows:
AFFORDABLE units= Market -rate a (30 or.15) TOTAL units = Market -rate orA ordrthit
( 70 or. 85) ( 70 or .85) (30 or .15)
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-E
Sch E-1 (7/01/08)
PART I [H&SC Section 33413(b)(1)]
AGENCY DEVELOPED UNITS DURING THE REPORTING YEAR
BOTH INSIDE AND OUTSIDE OF A PROJECT AREA
1.
New Units Developed by the Agency
0
2.
Substantially Rehabilitated Units Developed by the Agency
0
3.
Subtotal - Baseline of Agency Developed Units (add lines 1 & 2)
0
4.
Subtotal of Increased Inclusionary Obligation (Line 3 x 30%) (see Notes 1 and 2 below)
0
5.
Very -Low Inclusionary Obligation Increase Units (Line 4 x 50%)
0
PART II [H&SC Section 33413(b)(2)]
NONAGENCY DEVELOPED UNITS DURING THE REPORTING YEAR
ONLY INSIDE A PROJECT AREA
6.
New Units Developed by Any Nonagency Person or Entity
36
7.
Substantially Rehabilitated Units Developed by Any Nonagency Person or Entity
0
8.
Subtotal - Baseline of Nona ency Developed Units (add lines 6 & 7)
36
9.
Subtotal of Increased Inclusionary Obligation (Line 8 x 15%) (see Notes 1 and 2 below)
I J
10.
Ver.. Inclusionary Obligation Increase (Line 9 x 40%)
2
PART III REPORTING YEAR TOTALS
11.
Total Increase in Inclusionary Obligation (add lines 4 and 9)
J
12.
Very -Low Inclusionary Obligation Increase (add line 5 and 10) (Line 12 is a subset of Line 11)
2
.a.r.•.•.r.s♦r•tesa+�sle�kd*��ts4e�s-��#s►�s+r.+�.»...,,, ..-.;-.,..,.....,.,..,,e.:.,.ree,�,.aoe�t��r.iw**..w.e.,Pe.�e.n.,. ••. r.••,. •.,-,.++.as+.rstt.
NOTES:
1. Section 33413(b)(1), (2), and (4) require agencies to ensure that applicable percentages (30% or 15%) of
all (market -rate and affordable) "new and substantially rehabilitated dwelling units" are made available
at affordable housing cost within 10 year planning periods. Market -rate units: units not assisted with
low -mod funds and jurisdiction does not control affordability restrictions. Al ordable units: units
generally restricted for the longest feasible time beyond the redevelopment plan's land use controls and
jurisdiction controls affordability restrictions. Agency developed units: market -rate units can not exceed
70 percent and affordable units must be at least 30 percent; however, all units assisted with low -mod
funds must be affordable. Nonagency devgloed ro`ect area units: market -rate units can not exceed
85 percent and affordable units must be at least 15 percent.
2. Production requirements may be met on a project -by -project basis or in aggregate within each 10 year
planning period. The percentage of affordable units relative to total units required within each 10 year
planning period may be calculated as follows:
AFFORDABLE units= Market -rate a (30 or.15) TOTAL units = Market -rate orA ordrthit
( 70 or. 85) ( 70 or .85) (30 or .15)
California Redevelopment Agencies - Fiscal Year 2007-2008 HCD-E
Sch E-1 (7/01/08)