05 - P H Five-Year Implem Plan - Laserfiche WebLink

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Aside and the balance of $x.4,209,000 funded from other Agency resources, including the South MainCommercial Corridor Fund. The amount borrowed from the FY 2009-10 Housing Set - Aside Fund and prior year Affordable Housing Fund borrowings for previous F AF obligations is anticipated to be repaid on a basis subordinate to Agency debt obligations by FY 2015-. The repayment to the Housing Fund over the net fire years is projected to total $8,036,000. Future year demands from the State are not assumed in the projection. In order to fund the FY 2009-10 SERAF demand from the State, it was necessary for the Agency to borrow $6,802,827 from the south Main % Commercial Corr! dop:FFf und. The Agency intends Yr�FTto repay the amount borrowedcommencingin FY 2011-12 throuYhYY.lFara/r�f.FYF += x2016-17. Based upon this t plan, the Fund is scheduled to receive $3.3 million over the nexti,e FFyears� y r i`rf FMrrr`FFit��rF i `rRr'{`rFr� r F r �r'r ya Fr Administration The projected cost to administer the redevelopment p,�` ''F"�� m for the X11 b"F'% Project Area over the next fire years is based on the Agency's bug8-F�$419321000 for FY. -.*2010-1 (based on Agency administrative costs that are funded s r,ff F: -c onn to 'increment reve� ' :),., Subse uent year administrative hosts are projected to inrea"'ry n a�s�aed three peren�ost of living factor over the term of the projection. The tai inrrrFt*rI r t: � l d administrative costs over the `rNr r �/F#rr/rr RIYYI rrfi r I�'rtr+la/rrrrr•+� +FYrr next fire years are anticipated to total approximately illion. Contractual oblations and Subsidies �4rr#rlr1� i#xFIIrISIF}+IIS/F/ .. iiY#FFYY iFF}} F I IFFY%I # }#F#rr/F/YLfrFr� i#F aFFFYIFr} The Agency annually budgets for �r rio �.}: �istir� �w" r tui �}}; �i tins unique to specific r I Y . f *r�r}•�y�r�rY��f��rFr'r #+rrrrrr� F#{yyY+F.Irrfi F/'YF x111"}r.'.F FF T ,FF'FrFF' * f h',{r,Project Areas as well as t os*rf the A 1Fy'4"O"O'"T-;r..Yrr�Y'Y;.'1YaFf'YrsYy }er # annual obligations include a s-+I+rI F r i ebter �ron t - #F" trustee fees, a onomi x�Certificates of Participation, F F a F fFF`FYr FrFFrF/YrFYF'Ixt}lyF lted t*a,fY`+iFr r.fx,'arF';a}'I'FFI F''r+ � W 400 projects. In all, the Agey'scontractualand debt repayme tgx, �. 0 f F I F obligations amountY:pro r }imat y;$ 1r.8 milli �r.o ver the next five gears. ,.Y F F F / y �t+FFr+rYF rsfYy F'r F r rr#rr *FFr� a Y Capital ■■r# l t' r r"�,.' a'r S'F'r r`r'r , Existing/§- r ated;: 1 mp.: rernent project t reidentified in the Agency's FY 2010-11 budget refiectg�-- i r' ious nti d + [ improvements of the Agency, including budgeted costs ass -i+ ted with a ital r "'O"dir�JJ'+�}y fi:Me_.Grand Central [Idin�J■J'+�'�i Regional Transportation building, Do nt Wh ', M'useum DistYeF i-�xM lr��♦x'r,Ni Do n.*r&{. dr ra1#n Wayf■ ndi ng Signage program, OCTA building, Station District YM06A building r :- carious parking lot improvements. An additional $750,.000 is fff�a�Y�#trfrF f*"i'#"r"# budgeted in'' -f :t±2 1. -11fo gy- miner ia�l f ade rehabilitation rebates in the Do �rnto n area. �r iialYraFY The total cost budgeted capital improvements is approximately $2.4 million. Specific �ft;.J;- her subsequent projects have not been identified other than ghat r�a`r have been reflected ire FY 2010-11 budget. To the extent annual resources, in excess of the noted expenditures, become available to the Merged Project Area, such discretionary resources may be used to fund other capital improvement opportunities that may arise in subsequent fiscal years or may be used for ongoing commercial fagade improvement assistance Downtown. Based upon the forecast and inclusive of the $2.4 million already budgeted for specific capital improvements in FY 910-1.1, over the net fire years up to $8 million may be available for capital project improvements in the Merged Project Area. Santa Ana Community Rodevelopment Agency Implementation Plan July J, 2010 to June,o 2015 For theWrged Santahna Redevelopment Project Area Pap 35