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Home My WebLink About070207 RESO Approving FY07-08 CDA BudgetREQUEST FOR AGENCY ACTION AGENCY BOARD MEETING DATE: JULY 2, 2007 TITLE: RESOLUTION APPROVING FISCAL YEAR 2007 -2008 COMMUNITY REDEVELOPMENT AGENCY BUDGET AND MAKE CERTAIN FINDINGS WITH REGARD THERETO 44 EXECUTIt DIRECTOR RECOMMENDED ACTION o r_A,, 0+C" AGENCY SECRETARY USE ONLY: M.afirri : a2vn4 2nld . & "� APPROVED CONTINUED TO FILE NUMBER Adopt a resolution approving the fiscal year 2007 -2008 budget of the Community Redevelopment Agency as identified in the City of Santa Ana's Annual Budget. DISCUSSION Consistent with California Redevelopment Law, the annual funding plan and certain findings for the Community Redevelopment Agency must be approved by resolution of the Agency. The proposed budget for the Community Redevelopment Agency from property tax increment revenues for fiscal year 2007 -2008 is $51,665,360. The tax increment revenue is allocated to support the programs and projects of the Community Redevelopment Agency, including the payment of debt service and obligations totaling $21,076,200 (40.8 percent), payment to the Low and Moderate- Income Housing Fund totaling $13,527,175 (26.2 percent) pursuant to California Redevelopment Law, payment of pass- through obligations to other taxing districts totaling $6,551,615 (12.7 percent), management and administration of the merged redevelopment project areas totaling $5,357,730 (10.3 percent), and the funding of eligible capital projects totaling $5,152,640 (10.0 percent). 4 -1 As Recommended %. As Amended ❑ Ordinance on 1 s' Reading ❑ Ordinance on 2ntl Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Adopt a resolution approving the fiscal year 2007 -2008 budget of the Community Redevelopment Agency as identified in the City of Santa Ana's Annual Budget. DISCUSSION Consistent with California Redevelopment Law, the annual funding plan and certain findings for the Community Redevelopment Agency must be approved by resolution of the Agency. The proposed budget for the Community Redevelopment Agency from property tax increment revenues for fiscal year 2007 -2008 is $51,665,360. The tax increment revenue is allocated to support the programs and projects of the Community Redevelopment Agency, including the payment of debt service and obligations totaling $21,076,200 (40.8 percent), payment to the Low and Moderate- Income Housing Fund totaling $13,527,175 (26.2 percent) pursuant to California Redevelopment Law, payment of pass- through obligations to other taxing districts totaling $6,551,615 (12.7 percent), management and administration of the merged redevelopment project areas totaling $5,357,730 (10.3 percent), and the funding of eligible capital projects totaling $5,152,640 (10.0 percent). 4 -1 Resolution Approving the FY 2007 -2008 CRA Budget and Make Certain Findings with Regard Thereto July 2, 2007 Page 2 FISCAL IMPACT The fiscal year 2007 -2008 Community Redevelopment Agency budget reflects the sum of the appropriations for debt service, contractual, capital projects, and administrative obligations in the merged redevelopment project areas and the Housing Set -Aside fund. Zir Nancy T. dwards Assistan Director Community Development Agency SGH /NTE /mlr APPROVED AS TO FUNDS AND ACCOUNTS: Francisco Gutierrez Jxecutive Director Finance & Management Services Agency,�� H: \ACTIONS \2007 CRA \ResoFY07- 08CRABUdget 7- 2- 07.doc 4 -2 6112/07 LES RESOLUTION NO. 2007- 663 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA ADOPTING THE FISCAL YEAR 2007 -2008 BUDGET BE IT RESOLVED BY THE MEMBERS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1. The Community Redevelopment Agency of the City of Santa Ana conclusively finds, determines and declares as follows: A. Pursuant to Health & Safety Code § 33606, the Community Redevelopment Agency of the City of Santa Ana ( "Agency ") must adopt an annual budget. B. The draft budget for fiscal year 2007 -2008 presented to the Agency is designed to further implement the Agency's mandate to reduce or eliminate the physical and economic conditions that cause blight within the City of Santa Ana. The Projects are consistent with the 5 -Year Implementation Plan, the Redevelopment Plans (as amended) and the reduction and /or elimination of blight. C. The Legislature has concluded that the term "redevelopment" includes provision for open -space types of use, such as streets and other public grounds and space, and the replanning or redesign of stagnant or improperly utilized areas which exist because of defective or inadequate street layout. D. The Agency hereby finds and determines that the planning and administrative expenses to be paid from the Low and Moderate Income Housing Fund for each redevelopment project are necessary for the production, improvement, or preservation of low- and moderate - income housing pursuant to Health and Safety Code § 33334.3(d) and are not disproportionate to the amounts budgeted for the costs of production, improvement or preservation of that housing. Such costs are necessary and proportionate to the amount proposed for actual housing assistance activities for the year. E. The Agency hereby finds that the planning and administrative expenses budgeted last fiscal year from the Low and Moderate Income Housing Fund were necessary and appropriate for the production, improvement, or preservation of low- and moderate - income housing pursuant to Health and Safety Code § 33334.3(d) and were not disproportionate to the amounts actually spent last year for the costs of production, improvement or preservation of that housing. F. The Agency has retained certain interests in real property acquired using moneys from the Low and Moderate Income Housing Fund, and has not initiated activities consistent with the development of the property for the development of housing affordable to persons and families of low and moderate income within the statutory five 4 -3 6/12/07 LES (5) year period. The addresses of these properties are as follows: 622 -624 N. Garfield Street, 626 -628 N. Garfield Street, 905 Brown Street, 801 E. Santa Ana Boulevard, and 709 E. Sixth Street. The Agency intends that these properties shall be used for the development of housing affordable to persons and families of low and moderate income, and hereby requests a five (5) year extension in furtherance of said purpose pursuant to Health and Safety Code § 33334.16. G. The Agency adopts by reference and incorporates as though fully set forth herein each and every finding contained in the supporting documentation which accompanies the draft budget for fiscal year 2007 -2008, including but not limited to the memorandum from the Executive Director to the City Manager dated May 21, 2007, the letter from the City Manager to the Honorable Mayor and City Council Members, and the staff report from the Executive Director to the Agency, together with all exhibits attached to said documents. H. The draft budget for fiscal year 2007 -2008, together with the supporting documentation presented to the Agency, complies in all respects with the requirements of the Community Redevelopment Law, including but not limited to Health & Safety Code §33606. I. For those expenditures proposed which are outside a project area in the draft budget for fiscal year 2007 -2008, the Agency finds and declares that such expenditures will be of benefit to the project area. This finding is made pursuant to Health & Safety Code § 33334.2(g)(1). J. The Agency finds and declares, pursuant to Health & Safety Code § 33420.2, that because of the magnitude and severity of the graffiti within its project areas, any actions that the agency determines are necessary to remove graffiti from public or private property may be taken in order to effectuate the purposes of the redevelopment plan, and such removal actions shall assist with the elimination of blight, as defined in section 33031. K. The Agency finds and declares, pursuant to Health & Safety Code §33445 that certain publicly owned improvements shall be constructed or improved, financed partially or wholly, as determined by the Executive Director, with Agency funds within or without the project areas, thereby constituting debt of the Agency, except within the former Central City and Inter -City Project Areas. The legislative body has determined that the facilities, structures or other improvements are of benefit to the project area or the immediate neighborhood in which the project is located; no other reasonable means of financing the buildings, facilities, structures, or other improvements are available to the community; and the payment of funds for the cost of the facilities, structures or other improvements will assist in the elimination of one of more blighting conditions inside the project area or provide housing for low- or moderate - income persons, and is consistent with the implementation plan adopted by the Agency pursuant to Health & Safety Code §33490. 4 -4 6/12/07 LES L. The Agency has reviewed the Cooperative Agreement between the Agency and the City and hereby updates and reaffirms said Agreement. Section 2. The fiscal year 2007 -2008 budget of the Community Redevelopment Agency of the City of Santa Ana is hereby approved and adopted pursuant to Health & Safety Code §33606. Section 3. This Resolution shall take effect immediately upon its adoption by the Agency Board, and the Agency Secretary shall attest to and certify the vote adopting this Resolution. ADOPTED this day of APPROVED AS TO FORM: Joseph W. Fletcher, General Counsel By: Lisa E. Storck Assistant Counsel AYES: NOES: ABSTAIN: NOT PRESENT: Boardmembers: Boardmembers: Boardmembers: Boardmembers: 2007. Miguel A. Pulido Chair CERTIFICATION OF ATTESTATION AND ORIGINALITY I, PATRICIA E. HEALY, Secretary of the Agency, do hereby attest to and certify the attached Resolution No. 2007- to be the original resolution adopted by the Community Redevelopment Agency of the City of Santa Ana on Date: Secretary, Community Redevelopment Agency 4 -5 THIS PAGE LEFT INTENTIONALLY BLANK. i e