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ARA1990-13RESOLUTION NO. ARA90"13 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT AGENCY DETERMINING THE AMOUNT WHICH THE AGENCY IS EXCUSED FROM DEPOSITING IN THE LOW AND MODERATE INCOME HOUSING FUND FOR THE 1988-1989 FISCAL YEAR ON ACCOUNT OF REDEVELOPMENT PROJECT ALPHA; AND FINDING THAT SUCH AMOUNT IS NECESSARY TO MAKE PAYMENTS UNDER EXISTING OBLIGATIONS OR IN ORDER TO PROVIDE FOR THE ORDERLY AND TIMELY COMPLETION OF PUBLIC AND PRIVATE PROJECTS, PROGRAMS, OR ACTIVITIES OF REDEVELOPMENT PROJECT ALPHA FOR THE 1988-1989 FISCAL YEAR; AND ESTABLISHING AN INDEBTEDNESS OF REDEVELOPMENT PROJECT ALPHA FOR THE 1988-1989 FISCAL YEAR CONCERNING THE LOW AND MODERATE INCOME HOUSING FUND; AND FINDING AND DETERMINING THAT LESS THAN TWENTY PERCENT (20%) OF THE TAXES ALLOCATED TO THE AGENCY PURSUANT TO HEALTH AND SAFETY CODE SECTION 33670 IS THE AMOUNT OF THE INDEBTEDNESS HEREBY ESTABLISHED BECAUSE THE REQUIREMENTS OF HEALTH AND SAFETY CODE SECTION 33334.2(a)(3) HAVE BEEN MET WHEREAS, the Anaheim Redevelopment Agency is a community redevelopment agency organized and existing under the Community Redevelopment Law, Health and Safety Code Section 33000 et seq. (the "Act"); and WHEREAS, the City Council of the City of Anaheim adopted the Redevelopment Plan for the Alpha Redevelopment Project on July 19, 1973 by Ordinance No. 3190, and as said plan was first amended by the City Council on July 20, 1976 by Ordinance No. 3567, and as said plan was second amended by the City Council on November 30, 1976 by Ordinance No. 3631, and as said plan was third amended by the City Council on January 5, 1982 by Ordinance No. 4300; and WHEREAS, th~.,.Anaheim Redevelopment Agency is engaged in activities necessary and appropriate to carry out such redevelopment plan for Project Alpha; and WHEREAS, pursuant to Section 33334.6 of the Act, the Agency was required to establish a Low and Moderate Income Housing Fund ("Housing Fund") for such redevelopment Project Alpha for the Fiscal Year 1985-1986 and for each fiscal year thereafter, and to deposit into said Housing Fund not less than twenty percent (20%) of the tax increment f~-nds allocated to the Agency for the Project Alpha in the applicable fiscal year, except as necessary to make payments under existing obligations of amounts due or required to be committed, set aside, or reserved by the Agency during that fiscal year in order to provide for the orderly and timely completion of public and private projects, programs or activities approved by the Agency prior to January 1, 1986; and WHEREAS, the Agency has previously by Resolution No. 86-22 duly adopted its Statement of Existing Obligations and Statement of Existing Programs for Redevelopment Project Alpha pursuant to subdivision (f) of Section 33334.6: and WHEREAS, the Agency desires by this Resolution to determine that it is necessary to deposit into the Housing Fund for Redevelopment Project Alpha in Fiscal Year 1988-1989, less than the amount otherwise required by subsection (c) of Section 33334.6, in order to permit the Agency to make payments under existing obligations contained on the Agency's Statement of Existing Obligations and to provide for the orderly and timely completion of the public and private projects, programs or activities contained on the Agency's Statement of Existing Programs as said existing obligations and existing programs are described on Exhibit "A" to this Resolution (attached hereto and incorporated by this reference): and WHEREAS, pursuant to subsection (g) of Section 33334.6, if pursuant to subdivision (d) or (e) of said section, the Agency deposited less than twenty percent (20%) of the taxes allocated to the Agency pursuant to Section 33670 in any fiscal year in the Housing Fund, the amount equal to the difference between the percentage of taxes required to be set aside and the amount deposited that year shall constitute a deficit of the Project and be established as an indebtedness of the Redevelopment Agency; and WHEREAS, pursuant to subsection (c) of Section 33334.6 and subsection (a)(3) of Section 33334.2, an Agency may deposit less than twenty percent (20%) of the taxes which are allocated to the Agency pursuant to Section 33670 for the purposes of increasing, improving and preserving the community's supply of low and moderate income housing available at affordable housing cost as defined by Section 50052.5, to persons or families of low or moderatg~income as defined in Section 50093, and very low income households as defined as Section 50105, if it is found that the community is making a substantial effort to meet its existing and projected housing needs, i~cluding its share of regional housing needs, with respect to persons and families of low and moderate income, particularly very low income households, as identified in the Housing Element of the Community's General Plan required by Article 10.6 (commencing with Section 65580) of Chapter 3 of Division 1, of Title 7 of the Government Code, and th~ this effort, consisting of direct 1/3/90 7716n/2621/07 financial contributions of local funds used to increase, improve and preserve the supply of housing affordable to persons and families of low or moderate income and very low households, is equivalent in impact to the funds otherwise required to be set aside pursuant to Section 33334.2 and Section 33334.6; and WHEREAS, in addition to any other local funds, the direct financial contributions heretofore described may include federal or state grants paid directly to a community in which the community has the discretion of using for the purposes for which moneys in the Housing Fund may be used; and WHEREAS, the Agency intends by this Resolution to find that in the 1988-1989 Fiscal Year the community made such a substantial effort to meet its existing and projected housing needs, including its share of regional housing needs with respect to persons and families of low and moderate income through direct financial contributions of local funds used to increase and improve the supply of housing affordable to persons and families of low and moderate income such that for purposes of establishing the heretofore described deficit of the Agency, a percentage less than twenty percent (20%) of all taxes which were allocated to the Agency pursuant to Section 33670 may be determined; and WHEREAS, for the Fiscal Year 1988-1989, the Agency expended $2,759,803.38 of direct contributions of local funds to increase and improve the supply of housing affordable to persons and families of low and moderate income in equivalent impact to the funds otherwise required to be set aside pursuant to Section 33334.2 and Section 33334.6 for the purposes and in the amounts described in Exhibit "B" to this Resolution; and WHEREAS, the programs and expenditures described in Exhibit "B" to this Resolution are hereby incorporated by this reference as if fully set forth in this Resolution; and WHEREAS, the programs and expenditures described in Exhibit "B" to this Resolution evidence the expenditure of $2,759,803.38 of local funds to increase and improve the supply of housing affordable to persons and families of low and moderate income; and WHEREAS, twenty-percent'(20%) of the taxes allocated to the Agency pursuant to Section 33670 for the Fiscal Year 1988-1989 is the amount of $4,085,176.00; and WHEREAS, the Agency desires by this Resolution to establish for the Fiscal Year 1988-1989 the amount of $1,325,372.62 as a deficit of the Agency and an indebtedness thereof which deficit shall be funded and thereafter used by the Agency for purposes 1/3/90 7716n/2621/07 of increasing, improving and preserving the community's supply of low and moderate income housing available at affordable housing cost; and WHEREAS, the indebtedness created by this Resolution shall constitute an indebtedness of the Agency with respect to the Redevelopment Project Alpha until paid in full; and WHEREAS, the Agency intends by this Resolution after establishing said indebtedness to authorize the Agency Treasurer and Executive Director to take the steps necessary to establish the amount of the indebtedness for the 1988-1989 Fiscal Year and all other steps necessary to carry out the requirements of Section 33334.6. NOW, THEREFORE BE IT RESOLVED by the Anaheim Redevelopment Agency as follows: 1. The Agency hereby finds that the difference between the amount deposited into the Low and Moderate Income Housing Fund for Redevelopment Project Alpha for Fiscal Year 1988-1989 and the amount required by subdivision (c) of Section 33334.6, as shown on Exhibit A to this Resolution, is necessary to make payments under existing obligations contained on the Agency's adopted Statement of Existing Obligations of amounts due or required to be committed, set aside, or reserved by the Agency during Fiscal Year 1988-1989, and which have been or will be used by the Agency for that purpose. 2. The Agency hereby finds that the deposit of less than the amount required by subdivisions (c) and (d) of Section 33334.6 to be deposited into the Low and Moderate Income Housing Fund for Redevelopment Project Alpha for the Fiscal Year 1988-1989, as shown on Exhibit A to this Resolution, is necessary in order to provide for the orderly and timely completion of public and private projects, programs, or activities which are contained in the Agency's adopted Statement of Existing Programs. 3. The Agency hereby finds it has made a substantial effort to meef'its existing and projected housing needs, including its share of regional'needs, with respect to persons and families of low and moderate income, particularly very low income households, as identified in the Housing Element of the Community's General Plan required by Article 10.6 (commencing with Section 65580) of Chapter 3 of Division 1, of Title 7 of the Government Code, and that this effort consisted of direct financial contributions of $2,~59,803.38 of local funds which were 1/3/90 7716n/2621/07 , used to increase and improve the supply of the housing affordable to persons and families of low or moderate income and very low income households in equivalent impact to the fund otherwise required to be set aside pursuant to Section 33334.2 for the programs described and the expenditures listed in Exhibit "B" to this Resolution; and the Agency finds that an amount of $2,759,803.38, as more fully described in Exhibit "B" to this Resolution, shall be deducted from $4,085,176.00, an amount equivalent to twenty percent (20%) of all taxes which were allocated to the Agency pursuant to Section 33670 for the 1988-1989 Fiscal Year, and the balance after such deduction, $1,325,372.62, shall be established as a deficit of the Agency and an indebtedness of Project Alpha pursuant to Section 33334.6 and when funded by the Agency shall be used for the purposes of increasing, improving and preserving the community's supply of low and moderate income housing available at an affordable housing cost as defined by Section 50052.5, to persons and families of low and moderate income as defined in Section 50093, and very low income households as defined in Section 50105; and The Agency hereby authorizes and directs the Agency Treasurer and the Agency Executive Director (or their designees) to take the steps necessary to evidence the indebtedness of Project Alpha created by this Resolution: and said indebtedness of the redevelopment Project Alpha will be repaid from taxes allocated to the Agency pursuant to Section 33670 through a plan to be established by the Agency; and said indebtedness shall constitute an indebtedness of the Redevelopment Agency with respect to the redevelopment Project Alpha until paid in full. 1/3/90 7716n/2621/07 The foregoing Resolution No. was regularly introduced and adopted at a meeting of the Anaheim Redevelopment Agency, duly held on the day of , 19__ PASSED, APPROVED AND ADOPTED ON THIS 20thday of N~rch , 1990 ) COUNTY OF ORANGE ) SS CITY OF ANAHEIM ) I, ~~ ~~f~. , Secretary of the Anaheim Redevelopment Agency h~reby certify that the above and foregoing Resolution No.~-;3was duly and regularly passed and adopted by the Agency at a regular meeting thereof, held on the ~o ~ day o~ 7~,~ , ~. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the Agency this ~l~tday of ~rA, , 19~9. Secretary of the Agency 1/3/90 7716n/2621/07 -6- The foregoing Resolution No. was regularly introduced and adopted at a meeting of the Anaheim Redevelopment Agency, duly held on the day of , 19__. PASSED, APPROVED AND ADOPTED ON THIS 20thday of ~r~h , 1990 · STATE OF CALIFORNIA ) ) ss CITY OF ANAHEIM ) I, /~~ j/~f , Secretary of the Anaheim Redevelopment Agency h~re~ certify that the above and foregoing Resolution No.~-~ was duly and regularly passed and adopted by the Agency at a regular meeting thereof, held on the ~o~ day IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the Agency this ~t~*day of ~)%~,~r~ , 1990. Secretary of the Agency 1/3/90 7716n/2621/07 -6- EXHIBIT "A" ALPHA REDEVELOPMENT PROJECT LOW AND/WDOE~TE INCOME HOUSING FUND 1988-89 AMC)UNT OF EXISTING OBLATIONS TO BE PAID WITH TAX INC~EMENT: PRINCIPAL AND INTEREST ~ 1986 REFIN BONDS INTEREST ON JOINT POWERS NOTE PLACENTIA SCH~ DISTRICT AMOUNT OF REQUIRED SET ASIDE NECESSARY TO PROVIDE FOR THE ORDERLY AND TIMELY COMPLETION OF PUBLIC AND PRIVATE PROJECTS, PROGRAMS OR ACTIVITIES: AMC)UNT WHICH THE AGENCY CAN BE EXCUSED FRO/iA DEPOSmNG INTO THE LOW AND MODERATE INCOME HOUSING FUND ON ACCOUNT OF EXISTING OBLIGATIONS OR PROJECTS, PROORAMS AND ACTMTIES: NONE AMOUNT WHICH THE AGENCY IS NOT EXCUSED FROM DEPOSITING INTO THE LOW AND MODERATE INCOME FUND ON ACCOUNT OF EXISTING OI~LIGATIONS OR PROJECTS, PR~ AND ACTIVITIES: NONE 5. ACTUAL TAX INCREMENT 6. TWE~ PERCENT (2C~) Of ACTUAL TAX INCREMENT AMOUNT OF OTHER LOCAL FUNDS TO BE CONTRIBUTED FOR LOW AND MODERATE INCOME HOUSING: DIRECT LOANS ANAHEIM INTERFAITH SHELTER FIXED RAP PAYMENTS PATT STREET PROJECT REHAB LOANS ANAHEIM MANOR HOUSING PROJECT RELOCATION SERVICES RELOCATION PAY~J:NTS DEFERRED LOANS REBATES BROOKHOLLOW 8. BALANCE Of: TAX INCREMENT REQUIRED TO BE SET ASIDE OR EXCUSED · 9. AMOUNT OF TAX INCREMENT PROJECTED TO BE SET ASIDE 10.PROJECTED DEfiCIT JUNE 30, 1989 FOR fiSCAL YEAR 1988-89 RESOLUTION 8,400,125.O0 3,564,175.00 2,044,298.68 522,102.00 40,000.00 222,653.15 3,683. ! 7 637,098.00 407,255.00 2,438.00 94,999.50 163,148.00 66,426.56 600,000.00 14,OO8,598.68 20,425,880.0O 4,085,176.00 2,759,803.38 1,325,372.62 1,325,372.62 EXHIBIT "B" 20% SET ASIDE EXPENDITURES - RECAP: 1988-89 · · · · · Loan Program Homeless Assistance Relocation Affordable Homeownership Anaheim Manor - Rental Brookhollow - Rental Total: $1,388,775 40,000 320,090 3,683 407,255 600,000 $2,759,803 PROGRAM DESCRIPTIONS AND EXPENDITURES OF EQUIV~LRNT IMPACT FUNDS FOR 20% SET ASIDE OFFSET The following are program descriptions and expenditures funded out of City of Anaheim and Anaheim Housing Authority discretionary funds to assist low and moderate income households. A. LOAN PROGRAMS: Loans are available to income eligible and qualified property owners who are making needed improvements to their property or homes. The program is administered by Neighborhood Preservation Office staff who provide counseling, financial assistance, and project coordination during the construction period. 1. Direct Loans: Direct loans are available to income eligible borrowers to finance the repair and improvement of properties with substandard housing conditions. Through this program, the City makes funding available for residential rehabilitation financing a% below-market rate costs. This loan program is open to both single family property owners and multi-family property owners. These direct loans are available citywide with interest rates dependent upon income, area, and family size. Loan packaging and contract payments are administered by the Neighborhood Preservation Office staff. 2. Rehab Loans (Pay Back): Funds which have been provided to property owners in the form of direct loans that are subsequently repaid are "recycled" and again made available to eligible applicants to rehabilitate residential property. The eligibility criteria used is the same as for other Neighborhood Preservation Office loans. 3. Deferred Loans: This is a loan made by the City to an income eligible and qualified applicant to remedy uniform code deficiencies in the applicant's residential structure. The loan is due and payable at the end of a five (5) year term unless the applicant is unable to refinance it through market lenders. In such cases the City will renew the loan for another five (5) year 02/26/90 8439n/2621/07 -2- period. Loans to heads of households sixty (60) years of age or older may be deferred until the property is sold or title of ownership is transferred. 4. Tool Bank: Under the Tool Rental Assistance Program tools are made available to income eligible homeowners in specific target areas. 5. Rebates: Qualified applicants for this program may be reimbursed up to fifty percent (50%) of home repair costs spent by a low to moderate income owner for home improvements in specific target areas. Fundinq Source: Community Development Block Grant (CDBG) Expenditures'. Source Fiscal Yr YTD Total Benefit!/ CDBG 88/89 $1,388,775 120% and below of median B. HOMELESS SHELTER PROGRAM: The City of Anaheim assisted in the formation of a non-profit corporation whose general purpose was to establish a homeless shelter in Anaheim. Program- Anaheim Interfaith Shelter (AIS): The Anaheim Interfaith Shelter, Inc., ("AIS") established and operates the Halcyon Facility, a ten (10) unit apartment building located in the City. AIS provides food, shelter and other attendant services to homeless persons and families in Anaheim. This transitional housing facility offers families needed housing and services to transition into permanent housing. Very Low Income - 50% or below of median income Low Income - 80% or below of median income Moderate Income - 120% or below of median income 03/12/90 8439n/2621/07 -3- Funding Source: CDBG Expenditures: _ Source Fiscal Yr YTD Total Benefit CDBG 88/89 $ 40,000 50% and below C. RELOCATION SERVICE: The City of Anaheim contracts with one or more professional consultants to provide assistance to individuals and families who are impacted or displaced due to an activity that is assisted with federal funds and such impact or displacement triggers the provisions of the Uniform Relocation Act and Section 570.606 of the CDBG regulations. Funding Source: CDBG Program: Chevy Chase/Park Vista: Public-Private Rehabilitation Project of three hundred eighty-four (384) rental units located on ninety-four (94) contiguous parcels which required acquisition, rehabilitation and relocation by Developer. Relocation of tenants required due to severe overcrowding. Services provided by consultants included assistance in locating replacement housing, assistance in applying for Section 8 Housing Program, translation services, and transportation needs in selecting replacement unit. Expenditures: Source Fiscal Yr YTD Total Benefit CDBG 88/89 $ 2,438 80% and below D. RELOCATION PAYMENT BENEFITS: Relocation payment benefits are provided to eligible individuals and families as required by the Federal Uniform Relocation Act of 1970, as amended. Funding Source: Housing Authority Administrative Reserve 03/12/90 8439n/2621/07 4 Program: Chevy Chase/Park Vista: Public-Private Rehabilitation Project of three hundred eighty-four (384) rental units located on ninety-four (94) contiguous parcels which required acquisition, rehabilitation and relocation by Developer. The Housing Authority used their discretionary Administrative Reserve funds in the form of a loan to the DeveloRer, to make available and provide the following relocation benefits to impacted and displaced tenants. This project offers long term affordable housing by reserving twenty-five percent (25%) of the units (98 units) for thirty (30) years at controlled rents established and monitored by the Housing Authority. As required by the Federal Uniform Relocation Act of 1970, as amended, relocation benefits were provided to all displaced families and individuals residing in buildings subject to the Uniform Act.~/ Although legislation did not mandate specific benefits for peopled displaced from privately controlled housing at the start of the project, the City, Housing Authority and the Developer agreed to pay comparable relocation benefits to all those who qualified as displacees. Relocation Benefits included: Actual Moving Expenses or a Fixed Moving Allowance up to $500. Individually determined Rental Assistance Programs (RAPs) for a period of forty-eight (48) months, based on the difference between current rent and the lesser of market rent on new rent. RAPs are paid on monthly basis, over a forty-eight (48) month period, not in lump sums, due to project cost constraints and preference of community groups. Section 8 Certificate or Voucher assistance for eligible households. An allowance of up to $4,000 to assist relocating families to purchase a home, when they meet external financing criteria, and have a minimum of $2,000 to invest. Preference to displacees with respect to all affordable units, for sale or rent, in the City of Anaheim. Buildings controlled by the Developer were not subject to the requirements of the Uniform Act. 02/26/90 8439n/2621/07 -5- Resident families with the appropriate household size, if income eligible, were eligible to remain in the project and receive Section 8 assistance. Expenditures: Source Fiscal Yr YTD Total Benefit AHA 88/89 $317,652 Tenants - 80% and below Reserves E. AFFORDABLE HOMEOWNERSHIP PROGRAM: Part Street Construction: The Housing Authority purchased land for the development and implementation of an Affordable Homeownership Program. The Housing Authority assists iow to moderate income applicants with the purchase of an affordable unit who are first-time home buyers. Funding Source: Housing Authority Administrative Reserve Expenditures: Source Fiscal Yr YTD Total Benefit AHA 88/89 $3,683 Reserves Homeownership - 120% and below F. ANAHEIM MANOR: Residential apartment development built by private developer under HUD Program 202 to assist seventy-five (75) very low income seniors who are sixty-two (62) years of age or older, physically handicapped and/or disabled. Redevelopment funds were used to assist in the development of the affordable senior rental project. Long term affordable housing with non-profit developer. Fundinq Source: [To be inserted by B. Chavoya/Anaheim staff) Expenditures: Source Fiscal Yr YTD Total Benefit (To be 88/89 $407,255 inserted) 50% and below 02/26/90 8439n/2621/07 6 G. BROOKHOLLOW: Residential apartment affordable multi-family rental project to be built on City surplus land. The development will consist of two hundred twenty-eight (228) units of which twenty percent (20%) of the units will be affordable to very low income tenants at established affordable rents for thirty (30) years. Fundinq Source: AHA Expenditures'. Source Fiscal Yr AHA 88/89 YTD Tota~ $600,000 Benefit 50% and below 02/26/90 8439n/2621/07 7