HomeMy WebLinkAboutAG RPTS 1996 1106 RDA REG .0.0PMENp4 �`
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ESTABLISHED Resolution No. 96-46
k MARCH 18.1907
MOORPARK REDEVELOPMENT AGENCY
Cq e. �. REGULAR MEETING AGENDA
C /FOR , WEDNESDAY, NOVEMBER 6, 1996
7:00 P.M.
Moorpark Community Center 799 Moorpark Avenue
1 . CALL TO ORDER:
2 . ROLL CALL:
3 . PUBLIC COMMENT:
4 . CONSENT CALENDAR: (ROLL CALL VOTE)
A. Consider Approval of Minutes of the Regular Meeting of
the Moorpark Redevelopment Agency of October 16, 1996.
Staff Recommendation: Approve the minutes as processed.
B. Consider Approval of Warrant Register.
Regular Warrants 510 - 512 $ 15, 947 . 73
Staff Recommendation: Approve the Warrant Register.
5. PRESENTATIONS/ACTION/DISCUSSION:
A. Consider Resolution No. 96- Approving a Budget
Amendment for Funding for Sidewalk Improvements on the
Northeast Corner of Walnut and Charles Streets . Staff
Recommendation: The Economic Development and Affordable
Housing Committee and staff recommend that the Moorpark
Redevelopment Agency adopt Resolution No. 96-
approving a budget amendment for the Moorpark
Redevelopment Agency Area 1 Capital Project Fund (Fund
410) in the amount of $3, 000. (ROLL CALL VOTE REQUIRED)
B. Review and Consider Existing and New Housing Programs.
Staff Recommendation: The Economic Development/
Affordable Housing Committee and staff recommend that
the Agency approve the following: 1) That the cost of
escrow fees for the individual project be borne by the
borrower and added to the loan for the housing
rehabilitation project; 2) That the Agency authorize
staff to proceed with the development of 203 (k) programs
with a revolving fund amount of $50, 000 from 20% tax
increment set aside funds for individual loans not to
exceed $7, 000 interest free for this program, that the
Moorpark Redevelopment Agency Agenda
November 6, 1996
Page 2
5. PRESENTATIONS/ACTION/DISCUSSION: (Continued)
Agency adopt Resolution No. 96- appropriating the
funds, and that the Executive Director be authorized to
execute all documents necessary for this program; 3)
That an additional $2, 700 be allocated from 20% tax
increment set aside funds to Account #
232.504 .5005.000. 9402 for repairs on 661 Moorpark Avenue
and that the Agency adopt Resolution No. 96-
appropriating the funds. (ROLL CALL VOTE REQUIRED)
C. Consider Resolution No. 96- Appropriating Funds for
the Use of Tax Increment Revenues for Business
Incentives . Staff Recommendation: The Economic
Development/Affordable Housing Committee and staff
recommend that the MRA adopt Resolution No. 96-
appropriating funds in the amount of $250, 000 from
private sector bond proceeds for business incentives
with the following conditions; 1) that there be no
grants, 2) that this program be for new businesses in
the Redevelopment Project Area, 3) that maximum amount
and terms be approved on a case-by-case basis, and (4)
that new incentive programs be considered after the
downtown study is completed. (ROLL CALL VOTE REQUIRED)
D. Consider Monument Sign for High Street . The Economic
Development Committee and staff recommend that the
Moorpark Redevelopment Agency adopt Resolution No. 96-
approving a budget amendment for the Moorpark
Redevelopment Agency Area 1 Capital Project Fund (Fund
410) in the amount of $30, 000, and authorize staff to
proceed with the placement of the sign as noted in the
staff report . (ROLL CALL VOTE REQUIRED)
E. Consider Directional Sign for High Street. Staff
Recommendation: The Economic Development/Affordable
Housing Committee and staff recommend that the Moorpark
Redevelopment Agency adopt Resolution No . 96-
approving a budget amendment for the Moorpark
Redevelopment Agency Area 1 Capital Project Fund (Fund
410) in the amount of $1, 000 for directional signs for
High Street and authorize staff to proceed with the
ro ' CALL VOTE REQ
UIRED)project . (ROLL QUIRED)
Moorpark Redevelopment Agency Agenda
November 6, 1996
Page 3
6. ADJOURNMENT:
Any member of the public may address the Agency during the Public
Comments portion of the Agenda, unless it is a Public Hearing or
Presentations/Action/Discussion item. Speakers who wish to
address the Agency concerning a Public Hearing or Presentations/
Action/ Discussion item must do so during the Public Hearing or
Presentations/ Action/Discussion portion of the Agenda for that
item. Speaker cards must be received by the Secretary for Public
Comment prior to the beginning of the Public Comments portion of
the meeting and for Presentations/Action/Discussion items prior to
the beginning of the first item of the Presentations/
Action/Discussion portion of the Agenda. Speaker Cards for a
Public Hearing must be received prior to the beginning of the
Public Hearing. A limitation of three minutes shall be imposed
upon each Public Comment and Presentations/Action/Discussion item
speaker. Copies of each item of business on the agenda are on
file in the office of the Secretary and are available for public
review. Any questions concerning any agenda item may be directed
to the Secretary/529-6864 .
CITY OF MOORPARK
COUNTY OF VENTURA ) ss
STATE OF CALIFORNIA )
I, Dorothy J. Vandaveer, duly appointed Deputy City Clerk of
the City of Moorpark, County of Ventura, State of
California, do hereby certify under penalty of perjury, that
I posted a copy of the Moorpark Redevelopment Agency agenda
on November 1, 1996 for the regular meeting of November 6,
1996 at the following location:
Moorpark Community Center
799 Moorpark Avenue
Moorpark, California 93021
Said notice remained in place so that it was available for
public review for at least 72 hours prior to the meeting
pursuant to Section 54954 et. seq. of the California
Government Code.
Dorothy andaveer, Deputy City Clerk
Dated: December 30, 1996
CITY OF MOORPARK
REDEVELOPMENT AGENCY
WARRANT REGISTER
FOR THE 1996-9 FISCAL YEAR
CITY COUNCIL MEETING OF NOVEMBER 06,1996
SEQUENCE MOUNT
FROM - TO
REGULAR- 510-512 $ 15,947.73
WARRANTS
TOTAL
u►
M�TNO
OF � ..r.
ACTION:
8Y °
$15,947.73
AD
ACCOUNTS PAYABLE CITY OF MOORPARK
10/28/96 16:42:02 Disbursements Journal GL050S- V02.20 COVERPAGE
GL540R
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* * ** T E R E S A
* * ** T E R E S A
* * ** T E R E S A
* * ** T E R E S A
************************************************ * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
Report Selection:
RUN GROUP... 961106 COMMENT... 3MRA WARRANTS 11/6 /96MTG
DATA -JE -ID DATA COMMENT
H- 11061996 -607 3MRA WARRANT= ll /6 /96MTG
Run Instructions:
Jobq Banner Copies Form Printer Hold Space LPI Lines CPI
J TERESA 03 P1 N S 6 066 10
ACCOUNTS PAYABLE
10/28/96 16:42:03
WARRANT DATE VENDOR
WELL WELLS FARGO
510 11/06/96 MOORPARK MOSQUIT 277
511 11/06/96 MOORPARK UNIFIED 281
512 11/06/96 VENTURA CO COMMU 517
WELLS FARGO
i
Disbursements Journal
DESCRIPTION AMOUNT CLAIM INVOICE
96 /97PASS THRU TX 2,609.87 001204 PASS THRU
96 /97PASS THRU T 11,358.72 001206 PASS THRU
96 /97PASS THPU TX 1,979.14 001205 PASS THRU
15,947.73 *TOTAL
CITY OF MOORPARK
GL540R- VO2.20 PAGE 1
PO# F 9 S ACCOUNT
P N
H 410.504.0000.000.9190
P N
H 410.504.0000.000.9190
P N
H 410.504.0000.000.9190
CITY OF MOORPARK
ACCOUNTS PAYABLE GL540R- V02.20 PAGE 2
10/28/96 16.42.03 Disbursements Journal
WARRANT DATE VENDOR DESCRIPTION AMOUNT CLAIM INVOICE PO# F 9 S ACCOUNT
REPORT TOTALS: 15,947.73
RECORDS PRINTED - 000003
r
G
ACCOUNTS PAYABLE CITY OF MOORPARK
10/28/96 16:42:04 Disbursements Journal GL060S- VO2.20 RECAPPAGE
GL540R
FUND RECAP:
FUND DESCRIPTION
- - -- ---- ------------------ - - - - --
410 MRA AREA 1 CAP. PROD. FUND
TOTAL ALL FUNDS
BANK RECAP:
BANS NAME
WELL WELLS FARGO
TOTAL ALL BANKS
c
DISBURSEMENTS
15,947.73
15,947.73
DISBURSEMENT
15,947.73
15,947.73
00001 2
I T
MOORPARK REDEVELOPMENT AGENCY
AGENDA REPORT
TO: Chairman and Members of the Moorpark Redevelopment Agency
FROM: Steven Hayes, Economic Development /Redevelopment anager
DATE: October 17, 1996 (Mtg. 11/06/96)
SUBJECT: Consider Funding for Sidewalk Improvements North East Corner
of Walnut and Charles Streets.
BACKGROUND
The Economic Development /Affordable Housing Committee (Councilmembers
Bernardo Perez and Eloise Brown), on October 16, 1996, reviewed the
referenced project and has recommended that the Moorpark Redevelopment
Agency (the "Agency ") consider funding sidewalk improvements along
Walnut Street (see attached map). According to the Public Works
Director, the cost of this construction would be between $2,000 and
$3,000.
FUNDING
Funding for this project could be allocated from 1993 bond proceeds
public fund.
RECOMMENDATION (ROLL CALL VOTE)
The Economic Development /Affordable Housing Committee and staff
recommend that the Moorpark Redevelopment Agency adopt No. 96-
approving a budget amendment for the Moorpark Redevelopment Agency Area
1 Capital Project Fund (Fund 410) in the amount of $3,000.
C: \H \EDAHC \SGH322B- 10/17/96- October 29, 1996- RESO.001
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(n Walnut Street
NOTES:
New sidewalk to be constructed
OConstrict 3' from sidewalk, with opposite side matching C. B., 8' in length.
O2 Construct 3' from sidewalk, 8'x 5'.
OConstruct adjacent to sidewalk, match with drivewav protrusion, 8' in length.
® Construct identical to #3 in location shown.
Q New tree and ground cover to be planled.
OExisting palm tree, ground cover to be planted
16 15'
15' 15' 24'
Concrete Box Match exist.
Driveway
--� �°
Sidewalk
Page 1
Moorpark Community Church West Parkway Construction of
ITEMS. 8.-�
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
TO: Chairman and Members of the Moorpark
Redevelopment Agency
FROM: Steven Hayes, Economic -
Development/Redevelopment Manager
DATE: October 17, 1996 (Mtg. 11/06/96)
MOOIMM�, !
SUBJECT: Review and Consider Existing and New -l�
Programs
MRA HOUSING - BACKGROUND AND DISCUSSION
1. Gisler Field Housing Project
In June 1993, the Moorpark Redevelopment Agency issued its
first Tax Increment Revenue Bond. The amount of the issue was
$10,000,000, of which $1,800,000 was set aside for housing
projects.
In December, 1993, the Agency allocatd $1,500,000 from bond
proceeds for the purchase of 8.25 acres of land that was
intended to be used for the construction of 50 single family
housing units. The Agency received six bids for the
construction of the project with thirty restricted units. The
most responsive bid required a write down of $72,000 per unit
for 22 additional units. On September 20, 1995, the Agency
rejected all bids and directed staff to request bids for the
purchase of the property. On December 6, 1995, the Agency
approved the Request for Bids and on March 15, 1996, two bids
were received. The first bid was for $1,500,100 from Group
Meeker and the second bid was for $1,575,000. Neither bid
addressed the requirements for low and moderate housing. The
direction that staff has received is to sell the property and
that the proceeds will be used for a housing project that
benefits Low and Very Low income families.
2. Housina Rehabilitation Loan and Grant roaram
Late last year the Agency started work on its first Housing
Rehabilitation Loan and Grant Project. The Agency has made
grants and loans available for the rehabilitation of single
family owner occupied units for Low and Very Low income
families. This funding is provided through 20% Tax Increment
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Revenue Set Aside Funds. The attached spreadsheet for Income
Limits shows that for Fiscal Year 1996/1997, Ventura County
has a median income level for a family of four at $59,100
which is up $1,200 from last Fiscal Year. The owner can
receive up to $5,000 in grant and $10,000 in a 3 %, 10 year
loan or a deferred loan depending on ability to repay the
loan.
Forty -six (46) homeowners to date have applied for this
program. Twelve (12) units are completed and five (5) are
currently under construction. Twenty (20) applications are
being processed, and nine (9) projects have been disqualified,
either due to matters of title, applicant income, or other
eligibility criteria.
In Fiscal Year 1996/1997, the Agency allocated $400,000 for
this program. Total funds expended to date for the twelve
projects completed are $115,349. Repairs for the five
projects beginning construction will total $58,110.
Therefore, $226,541 from the original $400,000 remains
available for the applications still being processed.
The average cost of the seventeen projects completed or under
construction now is $10,203 per unit. At this rate, the
twenty applications in process (but not yet under
construction) will total $204,0604, assuming a continued
average project cost of $10,203 per unit.
This leaves $22,481 remaining of the original $400,000
allocated. If additional applications are received at the
rate of one per month during the twelve months of FY 1996 -97,
assuming a continued average cost per project of $10,203 per
unit, additional funds of $99,955 will be required for these
new applications ($10,203 x 12 = $122,436, less the $22,481
remaining).
3. 661 Moorpark Rental Unit
On September 9, 1995, the Agency approved $5,813.50 for
repairs to the residential unit located at 661 Moorpark Avenue
so that it could be rented. An additional $3,760.00 was
approved to repair the plumbing system. on March 6, 1996, the
Agency approved an additional $6,820.00 to complete the work.
Subsequently, additional water and sewer line replacements had
to be made, a new gas line installed and gas meter relocated
for an additional $2,468.91. The total cost to date for the
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rehabilitation of this unit is $18,862.41. In addition, a new
shower pan and sub - flooring need to be installed at a proposed
cost of $1,500. This work has not yet been undertaken. Staff
anticipates landscape maintenance and utility costs prior to
the lease of the property of $1,200 per year. As of August 1,
1996, the unit has been rented for $800 per month.
times • •
The Agency has limited funding sources for housing programs
which are as follows:
1. Tax Increment Revenues. It is projected that at the end
of Fiscal Year 1996/1997, the Agency will have received
$1,167,270 in 20% housing set aside funds. At present
there is approximately $420,712 remaining (see Exhibit
"A" attached).
2. 1993 Tax Allocation Bond Proceeds. The Agency reserved
$1,800,000 in bond proceeds for housing programs, of
which $1,500,000 was used for the acquisition of the
housing portion of Gisler Field. In total there has been
$1,624,102 expended from bond proceeds for land purchase,
AD 92 -1 payment, C.E.C. Management, Picon review, AGI
Soils report, Mutlow Architect, engineering design, and
miscellaneous office expenses. This leaves a balance of
$175,898.
At the end of Fiscal Year 1996/1997, the Agency will have
$637,163 (which includes bond proceeds, 20% Tax Increment
revenues and interest income) remaining for housing projects.
(See Exhibit "A" attached.)
CITY MOUSING - BACKGROUND AND DISCUSSION
The City Of Moorpark has several other ongoing housing
projects as follows:
I. Griffin First Time Home Buyer Program. This
program originally had five (5) homes, three of
which have been sold.
2. Villa Campensina Sweat Equity Program. This
program originally had sixty -two (62) residential
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housing units. Currently twenty -one (21) units
have been paid off.
3. Housing Rehabilitation Outside of Project Area. On
February 7, 1996, the City Council approved a
Housing Rehabilitation Loan program for projects
outside of the Project Area. The program approved
is substantially similar to the existing housing
rehabilitation program inside of the Project Area
with the following differences:
A. That the Villa Campesina payback funds from
the City's Housing Fund of up to $15,000 per
housing unit be provided to qualified
homeowners as a loan. It is estimated that
there is $160,000 available for this program.
B. That 3% interest (for low income) and deferred
loan (for very low income) be made available.
C. That grants not be provided.
General similarities are:
A. Must be owner occupied.
B. Must be Low or Very Low income family.
C. Not more than a $15,000 loan per household.
D. Priority of approval of application shall be
on a first come first served basis.
E. Selection of contractors can be made by
borrower or Agency so long as the borrower's
contractor meets the same criteria that has
been established by the Agency and is the
lowest responsible bidder.
F. Priority rehabilitation is for health and
safety repairs, then repairs that upgrade the
unit and neighborhood.
G. Loan interest is at 3% or no interest with
balance due upon change in title.
H. Similar loan processing application forms and
placing lien to ensure payment.
4
QW026.
I. Escrow costs are included in the $15,000
limitation.
The Agency has received eight (8) applications
which are in various stages of progress for the
City's Rehabilitation Program outside the Project
Area.
One project has been completed two projects are
ready to begin construction, and 5 applications are
being processed.
4. Le Club Apartment Project. This is a 370 unit
apartment complex that has 37 Very Low and 37
Moderate income rental units with a 30 year
restriction agreement. This extends through the
year 2015.
5. Charles Street Seniors Apartments. This is a
seniors apartment complex with 30 low income senior
rental units. It is owned by Ventura County
Housing Authority, of which the City is a member
agency.
1. Griffin Home Owner Payments. As stated above,
there are two remaining homes left in this program.
On October 7 and November 7, 1995, the payments on
the second trust deeds for each home began. The
homeowner will pay monthly payments of $328 for an
annual total of $7,872. At the end of this fiscal
year (FY 96/97) the payments will add up to $9,512.
There was also a recent purchase of one of the
units and the City received $30,000 from the second
and the City purchased Braun Court for $165,000 and
recently sold the unit for $188,000 ($23,000 over
purchase price). This will make a total of $62,512
at the end of this fiscal year and will be
deposited into Fund 221.
2. City Housing Fund. At present there is $500,204 in
Fund 221 of which $317,504 (Griffin seed money,
proceeds from Braun Court and interest) is funds
other than Villa Campesina Funds. As stated above,
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the City has received $182,702 from the 24
residential units sold. Although there is $318,854
still owed to the City from the Villa Campesina
project, there is no way to project when the units
will be sold. At the end of Fiscal Year 1996/1997,
there will be an additional $7,872 received from
loan payments from the Griffin home project for a
total of $508,076 of which $160,000 has been
allocated to the Housing Rehabilitation Loan
Program outside of the Project Area. This will
leave $348,076 remaining not including compounded
interest.
..0 ..
There are many types of housing projects that the Agency may
wish to consider. It is suggested that the Agency continue
with Housing Rehabilitation Loan and Grant Programs. The
following are presented for discussion:
1. Purchase and Resale. The Agency could purchase
single family housing units in need of repair, make
the necessary repairs to bring the unit to code,
then sell the unit to a Low or Very Low income
family.
2. New Construction of affordable projects. After the
Gisler Field property is sold, use the proceeds for
new construction, such as a high density project.
This could include purchasing land for a mobile
home park for seniors and low and moderate income
families or conducting a joint venture project with
a developer or providing subsidies to privately
funded projects.
3. Senior Housing. This would require the purchase of
property and teaming up with a developer to
construct apartments or condominiums for Senior
Citizens. A possible site is Charles Street.
4. 203(k) First Time Home Buyer Program. On July 24,
1996, the Economic Development /Affordable Housing
Committee (Councilmembers Eloise Brown and Bernardo
Perez) reviewed the 203(k) housing program. This
program is for first time home buyers and will make
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available mortgages that may be affordable to Low
and Very Low income families.
Department of Housing and Urban Development (HUD)
guarantees the loan which is financed and processed
by Federal Housing Administration (FHA). The
program is designed to acquire homes that are in
need of rehabilitation and provide funding for both
the purchase and rehabilitation needs. This
program is not based on income levels (Low and Very
Low) but on the purchasing powers (qualification up
to 41 percent of borrower's income).
The upper limits on the value of the loan is
$155,000, with a minimum down of 5 %. The mortgage
would then be 95% of the purchase price. With more
down, the value of the unit may go up, but the
maximum loan will remain $155,000.
It is suggested that the Agency make available to
the homebuyer a loan in the amount of the costs of
escrow and other fees associated with the change in
title up to but not to exceed $7,000, interest
free. This loan would be repaid to the Agency at
close of escrow.
As observed, the City and Agency have attempted to address the
needs of housing in the community of Moorpark. Unfortunately,
there are not enough funds for all of the needs. There is a
need for single family residential housing and for rental
housing. Therefore, the Agency is seeking a method to help
first time home buyers that qualify as Low and Very Low income
families.
RECOMMENDATION (ROLL CALL VOTE)
The Economic Development /Affordable Housing Committee and
staff recommend that the Agency approve the following:
1. That the cost of escrow fees for the individual
project be borne by the borrower and added to the
loan for the housing rehabilitation project. This
is to apply to projects within the Redevelopment
Project Area, as well as those outside the Project
Area. This policy excludes seven projects
completed in the early phase of the program.
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2. That the Agency authorize staff to proceed with the
development of 203(k) programs with a revolving
fund amount of $50,000 from 20% tax increment set
aside funds for individual loans not to exceed
$7,000 interest free for this program, that the
Agency adopt the attached Resolution No. 96-
appropriating the funds, and that the Executive
Director be authorized to execute all documents
necessary for this program.
3• That an additional $2,700 be allocated from 20% tax
increment set aside funds to Account
#232.504.5005.000.9402 for additional repairs on
661 Moorpark Avenue and for landscape and
maintenance for FY 1996 -1997 and that the Agency
Adopt the attached Resolution No. 96-
appropriating the funds.
SGEM016- 02 /29 /96- OctOblr 31, 1996- RZSO,002
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MKTM
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
1TCM So do�
TO: Chairman and Members of the Moorpark Redevelopment Agency
FROM: Steven Hayes, Economic Development/Redevelopm 4anager
DATE: October 17, 1996 (Mtg. 11/06/96)
SUBJECT: Consider The Use of Tax Increment Revenues for Business
Incentives
BACKGROUND
On July 24, 1996 the Economic Development /Affordable Housing Committee
(Councilmembers Eloise Brown and Bernardo Perez) discussed the use of
tax increment revenues for business incentives and requested more
information on business incentive programs. On October 16, 1996, the
Committee reviewed the staff report containing various programs for
consideration.
DISCUSSION
There are two sources of funding available to the Agency for private
purpose projects which are Tax Increment Revenues and a maximum of 5
percent ($446,315) of the net bond proceeds from the $10,000,000 1993
Tax Increment Revenue Bond. At present, there is approximately $410,815
remaining from that issue for private purposes.
Private purpose bond proceeds have been approved for funding the Boys
and Girls Club of Moorpark in the amount of $32,500, and $3,000 was
allocated for an appraisal of 675 Moorpark Avenue. Private purpose bond
proceeds can be used to fund public improvements such as those
constructed in the past on High Street. With these two exceptions (the
Boys and Girls Club and the appraisal), the Agency has not allocated
private purpose bond proceeds for any other public projects. It should
be noted that only 5 percent of the net bond proceeds can be used for
private purposes.
The Agency has received $5,722,134 in tax increment revenues from FY
1990/1991 to FY 1995/1996. After pass through payments, bond debt
service, 20% housing set aside, Agency operations and maintenance costs,
and the acquisition of the High Street property, there is $56,913 in tax
increment revenues remaining.
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The California Community Redevelopment Law allows a redevelopment agency
to buy, sell, lease or exchange personal property (land and buildings);
borrow and lend money; and construct offsite and public facilities.
There are programs that could be made available as business incentives
which include:
1. Low interest loans for building and interior renovation.
2. Provision of public parking and public facilities.
3. Additional street improvements.
5. Purchase of property for lease.
6. Deferral or waiver of fees.
7. Rent guarantees.
8. Loan guarantees.
9. Business education programs.
10. Facade renovation.
11. Parking lot and landscape improvements.
12. Removal and replacement of signage.
While not a specific recommendation of the Committee, staff suggests
that a maximum of $25,000 per project be approved at this time.
Recently, the City of Moorpark took advantage of CA Trade and Commerce
and Red Team incentives and support in successful negotiations to locate
S.D.I. in our community.
A survey of other cities in Ventura County was conducted to see what
programs are being offered. The results of the survey are as follows:
F
The City of Camarillo has been cautious about economic incentives, due
to a recent court case, wherein the Court ruled that some economic
incentives could be a gift of public funds. The City sponsors any
company that qualifies for State Industrial Development Bonds for site
acquisition and construction.
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The City has hired a consultant to provide Building & Safety services,
which has given them more flexibility in negotiations. Their current
standard is a 5 -10 day turn - around for approvals of Tenant Improvements,
and a one -month turn - around for a major development plan check.
In addition, Camarillo uses the services of California Trade and
Commerce for expertise on tax relief, manufacturing equipment purchase,
training, tax incentives, etc. The combination of contract services,
County Ombudsman, and the availability of the Red Team and the CA Trade
and Commerce have provided assistance in the form of business leads. CA
Trade and Commerce has provided background information on these leads.
The City uses information on foreign trade zones and sub -trade zones
from Port Hueneme to enable local businesses to enjoy some tariff
relief. Camarillo also utilizes its Internet web site.
FILMORE
Since its Downtown was destroyed in the 1994 earthquake, Filmore has
obtained funds faster than normal processes would have allowed, and has
reconstructed its downtown in 2� years. The City streamlined its permit
process and $10,000 grants were made available to renovate storefronts.
Loans to new businesses have been offered to upgrade existing structures
and prepare them for occupancy. The maximum loan amount and terms are
determined on a case -by -case basis, and these terms may include
forgiveness after ten years. One loan was to retrofit a building,
enabling a welding shop to move in; another loan was for repairs to a
building on railroad property which is now occupied by a winery.
Filmore has been working with Santa Paula to do cooperative advertising
to encourage tourism via the train. The City has been successful in
bringing in residents of the San Fernando Valley and areas such as
Bakersfield.
OJAI
In general, Ojai has operated on a case -by -case basis to support its
business community. Most aid has come in the form of public
improvements, as there are no standardized programs or stand -alone
grants available. Local businesses that have expanded operations have
been assisted with parking requirements or infrastructure.
The City's Economic Development Corporation has worked with HUD for
loans against CDBG funds. They are providing a dollar for dollar match
� VOV033
loan for up to $15,000 to renovate commercial facades, targeting their
Downtown retailers. After a unspecified period of time, the loan may be
forgiven. Fee deferrals or waivers, often tied to a performance
generator (i.e., sales tax), as well as industrial development bonds and
Certificates of Participation have been used.
PORT HUENEME
Port Hueneme has no packaged programs, such as loans, tax rebates, etc.,
but they do provide assistance to businesses on a case -by -case basis.
They were working through their Chamber of Commerce on Economic
Development initiatives. However, this agreement has been terminated
after results fell short of expectations. (The Chamber had assisted
with marketing efforts, trade shows, etc.) Port Hueneme is currently in
discussion with the Oxnard EDC to replace the Chamber.
Port Hueneme supports the Entrepreneurial Training Academy and has set
up a revolving loan program for start -up businesses. (This is not
operational yet.) Incentives to date have been for infrastructure
improvements.
SANTA PAULA
Santa Paula recently signed a 7 -year lease guarantee, enabling a movie
theater to secure financing. This use had strong backing from the
community, and resulted in additional commercial leases, as well.
Economic incentives are negotiated on a case -by -case basis and have
included technical support and job training. Santa Paula has sponsored
workshops on marketing and other topics for businesses and has entered
into public /private partnerships with banks. A $1 million matching
grant from EDA has provided streetscape improvements.
SIMI VALLEY
Simi Valley shares tax increment revenue with new businesses on a split
that is negotiated on a case -by -case basis, based on number of jobs
created, types of jobs, sales tax revenue, etc. The financial support
is used to offset development costs. While this support is to larger,
targeted businesses, there is a small business assistance program as
well. Information was not obtained on this program as the program
manager was unavailable during the survey.
Calls have been made to the Cities of Thousand Oaks and Ventura with no
direct contact.
4
RECOMMENDATION
The Economic Development /Affordable Housing Committee and staff
recommend that the MRA adopt the attached Resolution No. 96 -_
appropriating funds in the amount of $250,000 from private sector bond
proceeds for business incentives with the following conditions; (1) that
there be no grants, (2) that this program be for businesses in the
Redevelopment Project Area, (3) that maximum amount and terms be
approved on a case -by -case basis, and (4) that new incentive programs be
considered after the downtown study is completed.
C: \M \EDAHC \SGHEDC.024- 10/08/96- October 30, 1996- RESO.003
5 OW035
MOORPM CALIF y
aWEVELOPINT /NCY
AGENDA REPORT
DORPARK REDEVELOPMENT AGENCY
'7a E.10(10)
ITEM-- 3>--)
TO: Chairman and Members of the Moorpark Redevelopment Age nc
FROM: Steven Hayes, Economic Development /Redevelopment Manager
DATE: October 17, 1996 (Mtg. 11/06/96)
SUBJECT: Consider Monument Sign for High Street
DISCUSSION
On August 21, 1996, the Economic Development /Affordable Housing
Committee (Councilmembers Eloise Brown and Bernardo Perez) discussed the
possible placement of a monument sign entering High Street at the
southwest corner of High Street, Spring Road and Los Angeles Avenue (in
front of Tipsy Fox located at 489 High Street). Agency staff has
contacted Mr. Mike Abdul, owner of the Tipsy Fox. He would be willing
allow the sign to be placed on his property if there is consideration
for signage for his business also.
The Committee and staff recommend that staff be authorized to proceed
with the placement of the sign. The following tasks will be required to
complete this project:
1. A survey will be required to determine the area needed for an
easement.
2. A deed and agreement will need to be drafted.
3. The sign will need to be designed. It is suggested that the
Economic Development /Affordable Housing Committee recommend
the design that is presented to the Agency for approval.
4. The sign will then need to be constructed.
5. Determine consideration to the property owner which may
include modified signage for the Tipsy Fox.
1 0VO03!j
6. After the sign has been constructed, the City will need to
maintain the sign and the easement area.
It is estimated that the cost of the above, less ongoing maintenance,
will be $30,000.
FUNDING
Funding for this project could be allocated from 1993 bond proceeds
public fund.
RECOMMENDATION (ROLL CALL VOTE)
The Economic Development /Affordable Housing Committee and staff
recommend that the Moorpark Redevelopment Agency adopt Resolution No.
96 -_ approving a budget amendment for the Moorpark Redevelopment Agency
Area 1 Capital Project Fund (Fund 410) in the amount of $30,000, and
authorize staff to proceed with the placement of the sign as noted in
this report.
C: \M \EDAHC \SGH322B- 10/08/96- October 30, 1996- RESO.004
z ()00040
RESOLUTION NUMBER 96-
RESOLUTION OF THE MOORPARK REDEVELOPMENT
AGENCY AUTHORIZING A BUDGET AMENDMENT
TO THE FISCAL YEAR 1996/1997 ADOPTED
BUDGET FOR THE MOORPARK REDEVELOPMENT AGENCY
AREA 1 CAPITAL PROJECT FUND (FUND 410)
WHEREAS, on June 19, 1996, the Moorpark
Redevelopment Agency adopted the Budget for Fiscal Year
1996/1997; and
WHEREAS, a staff report has been presented to said
Agency requesting a budget amendment in the aggregate
amount of $30,000; and
WHEREAS, Exhibit "A" hereof describes said budget
amendment and its resultant impact to the budget fine
item(s) and projected year end fund balance(s).
NOW, THEREFORE, THE MOORPARK REDEVELOPMENT AGENCY DOES
RESOLVE AS FOLLOWS:
A budget amendment in the amount of $30,000, to Fund
410 as more particularly described in Exhibit "A"
attached hereto is hereby approved.
PASSED, APPROVED AND ADOPTED this 6th day of November,
1996.
Paul Lawrason Jr.
Chairman
ATTEST:
Lillian E. Hare
Agency Secretary
C: \H \RESO \RESO- A.004- 10/18/96- October 29, 1996
000041
EXHIBIT "A"
RESOLUTION 96-
SUPPLEMENTAL APPROPRIATIONS BY ACCOUNT NUMBER
ACCOUNT
CURRENT
SUPPLEMENTAL
REVISED
NUMBERS
APPROPRIATION
APPROPRIATION
APPROPRIATION
FY 96/97
(REDUCTION)
FY 96/97 YEAR
410.504.XXXX.000.9903
$0.00
$30,000
$30,000
TOTALS:
$0.00
$30,000
$30,000
EFFECTS OF PROPOSED SUPPLEMENTAL APPROPRIATIONS TO FUND BALLANCES
FUND
CURRENT
SUPPLEMENTAL
REVISED
PROJECTED
APPROPRIATION
PROJECTED
FY 96/97
FY 96/97 YEAR
END BALANCE
END BALANCE
410 (MRA AREA 1 CAPITAL
$2,333,662
$30,000
$2,303,662
PROJECT FUND)
TOTALS:
$2,333,662
$30,000
$2,303,662
C: \M \RESO \RESO- B.004- 10/18/96- October 30, 1996 ■ 0 044
TO:
FROM:
DATE:
SUBJECT:
BACKGROUND
ITEM •�•
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
Chairman and Members of the Moorpark Redevelopment Agency
Steven Hayes, Economic Development /Redevelopment Manager
October 17, 1996 (Mtg. 11/06/96)
Consider Directional Sign for High Street
On October 16, 1996, the Economic Development /Affordable Housing
(Bernardo Perez and Eloise Brown) discussed the possible placement of
directional signs for High Street (Old Town Moorpark).
DISCUSSION
The Committee reviewed the possible location for directional signs for
High Street. The locations suggested are as follows:
1. Tierra Rejada west bound east of Spring Road.
2. West bound New Los Angeles Avenue east of apartment driveway
(east of Spring Road).
3. Los Angeles Avenue east bound west of Moorpark Avenue
approximately 200 feet east of Simi Valley Bank.
4. 118 Freeway at Princeton Avenue off ramp both east and west
exit.
5. Walnut Canyon south bound north of High Street near the
library.
The Committee further recommends that the signs have a directional arrow
with Old Town Moorpark designed as a scroll. The cost of the signs,
1 00b044
according to Zumar Sign Co., would be approximately $55.00 each ($330
for six signs) with two colors. This does not include cost for poles
and installation which is estimated at $100.00 each ($600.00 for six
signs) for a total cost of $930.00.
FUNDING
Funding for this project could be allocated from 1993 bond proceeds
public fund.
RECOMMENDATION (ROLL CALL VOTE)
The Economic Development /Affordable Housing Committee and staff
recommend that the Moorpark Redevelopment Agency adopt Resolution No.
96 -_ approving a budget amendment for the Moorpark Redevelopment Agency
Area 1 capital Project Fund (Fund 410) in the amount of $1,000 for
directional signs for High Street and authorize staff to proceed with
the project.
C: \N \EDAHC \SGH322S- 11/17/96- October 23, 1996- RESO.005
2 000044