HomeMy WebLinkAboutAG RPTS 1999 0915 RDA REGJESTARISHM
ft' OF
MOORPARK REDEVELOPMENT AGENCY
REGULAR MEETING AGENDA
WEDNESDAY, SEPTEMBER 15, 1999
6:30 P.M.
Resolution No. 99 -88
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
2. ROLL CALL:
3 . PUBLIC COMMENT:
4. PUBLIC HEARING:
A. Consider a Sale of Public Property without Bid and an
Agreement to Purchase with Far West Homes LLC. Related to
two Agency Owned Parcels (APN 506 -0- 020 -490 and APN 506 -0-
020 -500) South of Los Angeles Avenue. (ROLL CALL VOTE
REQUIRED) . Staff Recommendation: 1) Conduct the public
hearing on the proposed sale of public property without bid;
2) Close the public hearing and open discussion on the
proposed sale and the Agreement; 3) Approve a finding that
the two parcels of land have no practical use other than to
the adjoining property and approve the sale of the Agency's
real property to Far West Homes LLC. in the amount of
$15,000; 4) Approve the "Agreement to Purchase" and
authorize the Executive Director to sign the Agreement on
behalf of the Agency.
5. PRESENTATION /ACTION /DISCUSSION:
A. Consider the Redevelopment Agency's Downtown Business Loan
Program. Staff Recommendation: Direct staff as deemed
appropriate.
6. CLOSED SESSION:
A. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Government Code Section 54956.8)
Property: 724 Moorpark Avenue, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the City of
Moorpark and Jane J. Heath
Under Neqotiation: Price and Terms of payment
Redevelopment Agency Agenda
September 15, 1999
Page 2
6. CLOSED SESSION: (continued)
Property: 765 Walnut Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and R -M Gunter Trust
Under Negotiation: Price and Terms of payment
Property: 798 Moorpark Avenue, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and Laszlo B. Kovacs
Under Negotiation: Price and Terms of payment
Property: 284 Charles Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and Conrado R. Lopez, et al.
Under Negotiation: Price and Terms of payment
Property: 296 Charles Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and Benjamin Duarte
Under Negotiation: Price and Terms of payment
Property: 285 High Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and Randy - Tracy Marsh
Under Negotiation: Price and Terms of payment
Property: 297 High Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and Randall - Tracy E. Marsh
Under Negotiation: Price and Terms of payment
Property: 661 Magnolia Street, Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and Estella Betancourt
Under Negotiation: Price and Terms of payment
Property: APN 512 -0- 062 -020 (no situs)
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the
City of
Moorpark and County of Ventura
Under Negotiation: Price and Terms of payment
Redevelopment Agency Agenda
September 15, 1999
Page 3
6. CLOSED SESSION: (continued)
Property: APN 512 -0- 062 -040 (no situs)
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the City of
Moorpark and Jane J. Heath
Under Negotiation: Price and Terms of payment
7. ADJOURNMENT:
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Any member of the public may address the Agency during the Public Comments portion
of the Agenda, unless it is a Public Hearing or a Presentation /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 City Clerk for Public Comments prior to the beginning of the
Public Comments portion of the meeting and for Presentation /Action /Discussion items
prior to the beginning of the first item of the Presentation /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 Presentation /Action /Discussion item speaker. A
limitation of three to five minutes shall be imposed upon each Public Hearing item
speaker. Written Statement Cards may be submitted in lieu of speaking orally for
open Public Hearings and Presentation /Action /Discussion items. Copies of each item
of business on the agenda are on file in the office of the City Clerk and are
available for public review. Any questions concerning any agenda item may be
directed to the City Clerk at 529 -6864.
In compliance with the Americans with Disabilities Act, if you need assistance to
participate in this meeting, please contact the City Clerk's Department at (805) 529-
6864. Notification 48 hours prior to the meeting will enable the City to make
reasonable arrangements to ensure accessibility to this meeting (CFR 35.102- 35.104
ADA Title II).
MOORPARK REDEVELOPMENT
AGENDA REPORT
TO: Honorable Board of Directors
1tH.1i0;
ITEM �/ , 4-wm�
_
CITY OF MOORPARK, CALIFORNIA
Redevelopment Agency Meeting
Of
AGENC )ACTION: 75 ' i
z r—
FROM: John E. Nowak, Assistant Executive Director
DATE: 03 September 1999 (Meeting of 09- 15 -99)
RE: Consider a Sale of Public Property without Bid
and an Agreement to Purchase with Far West Homes
LLC. Related to two Agency Owned Parcels (APN
506 -0- 020 -490 and APN 506 -0- 020 -500) South of Los
Angeles Avenue.
BACKGROUND: In December 1998 the Moorpark Redevelopment
Agency purchased three (3) parcels of vacant property from
the City of Moorpark. A development project immediately to
the east requires two of the parcels for the residential
project to be constructed. Due to the configuration and
size of the parcels there is no other practical use for
them.
DISCUSSION: In 1992 and 1995 the City of Moorpark acquired
three (3) parcels south of Los Angeles Avenue in tax
default. In December 1998 the City sold the three parcels
to the Moorpark Redevelopment Agency for the sum of
$45,000. Two of the parcels (APN 506 -0- 020 -490 and APN
506 -0- 020 -500) extend from Los Angeles Avenue to the Arroyo
Simi and combined are approximately 35 feet in width and
1,677 feet in length for a total of 58,695 square feet.
Far West Homes LLC is proposing to construct a residential
development immediately to the east of the Agency's
property. They require two of the three Agency parcels for
the project design to work. The third parcel will be
retained by the Agency for a possible land trade with the
Flood Control District. With the proposed development to
the east and an existing development to the west of the
parcels, there are no other practical uses for the two
0®0001.
Sale of Land / Purchase Agreement
Meeting of 15 September 1999
Page 02
parcels. Far West Homes LLC is proposing to purchase the
land for $15,000.
State law requires surplus government property to be sold
by competitive bid unless the entity is able to show, after
holding a public hearing, that there is no other practical
buyer. The law also requires surplus property to be
offered to other government and housing agencies first.
This was done in October 1998 and no agency was interested.
In addition to the approval of the sale of the parcels
without bid, the Agency Board is requested to approve an
"Agreement to Purchase" between the Agency and Far West
Homes LLC. The Agreement sets the purchase price of the
two parcels at $15,000 and required a "good faith payment"
of $1,500 at the time of execution. When the property is
purchased (required within 21 days of project approval by
the City) the good faith payment will apply to the purchase
price. If the City rejects the development project, the
deposit will be refunded. If the developer withdraws its
application for the project prior to the actual land
purchase, there will be no refund. The land is being sold
as is with no guarantees or assurances. The developer will
pay for all costs associated with escrow and recordation
under the Agreement
The issue of the land sale requires a public hearing
pursuant to State law. The matter was duly advertised for
a hearing at this Agency meeting.
RECOMMENDATION: (ROLL CALL VOTE REQUIRED)
The Agency Board of Directors is requested to:
1. Conduct the Public Hearing on the proposed sale of
public property without bid.
2. Close the public hearing and open discussion on the
proposed sale and the Agreement.
3. Approve a finding that the two parcels of land have no
practical use other than to the adjoining property and
approve the sale of the Agency's real property to Far
West Homes LLC in the amount of $15,000. 000002
Sale of Land / Purchase Agreement
Meeting of 15 September 1999
Page 03
4. Approve the "Agreement to Purchase" and authorize the
Executive Director to sign the Agreement on behalf of
the Agency.
Attached: Agreement to Purchase
000003
AGREEMENT TO PURCHASE
This Agreement is entered into this day of August 1999,
by and between the City of Moorpark Redevelopment Agency, a
municipal corporation (hereafter the "Agency ") and Far West
Homes, LLC., a limited liability corporation (hereafter the
"Developer ").
WHEREAS, the Agency owns certain real property in the
City of Moorpark adjacent to a proposed housing development
project by the Developer, Vesting Tentative Tract Map
45133, RPD 98 -1 (hereafter the "Project "); and
WHEREAS, the Developer requires the acquisition of
said real property in order to develop the proposed
Project; and
WHEREAS, the Agency proposes to sell the real property
to the Developer in consideration of payment of the amount
of Fifteen Thousand Dollars ($15,000); and
WHEREAS, the Agency is selling the land to the
Developer as is without any guarantee or assurance of its
condition; and
WHEREAS, as a good faith indication of the Developer's
intent to pay the full amount of the payment upon
acquisition, this intent to purchase and deposit is entered
into.
NOW, THEREFORE, both Parties to this Agreement to
agree as follows:
Section 1: Developer agrees to pay Agency the amount
of Fifteen Thousand Dollars ($15,000) for the purchase of
certain real property owned by the Agency, specifically
Assessor Parcel Numbers 506 -0- 020 -490 and 506 -0- 020 -500 in
the City of Moorpark, as indicated on the map attached
hereto as Attachment No. 1. The property shall at all
times retain easements for utilities and an unrevocable
right of access by the City of Moorpark and its agents.
Section 2: As a good faith indication of Developer's
intent to purchase the property from the Agency at the
aforementioned purchase price, Developer shall pay to
000004
Agency the amount of One Thousand Five Hundred Dollars
($1,500) at the time of execution of this Agreement
(hereafter the "good faith payment "). This amount shall be
applied against the full cost of the property upon closing
of escrow on the property. The balance of the purchase
price shall be paid when the property is in escrow.
Section 3: Developer shall open escrow for the
purchase of said real property from the Agency within
twenty(21)days of approval of the Project by the City of
Moorpark. Developer shall be responsible for all costs
associated with the escrow and the recordation of deeds.
Escrow shall not exceed thirty (30) days. Developer shall
not be entitled to obtain any permits on the Project until
escrow has closed on the real property.
Section 4. Should the Developer fail to gain approval
of the Project based on decisions by the City of Moorpark,
the Agency shall refund the good faith payment amount to
Developer within thirty (30) days of the final decision to
deny by City. However, should the Developer challenge any
denial by the City in a court of proper jurisdiction, no
refund shall be made until all adjudication is completed.
In no case whatsoever, shall developer be entitled to any
interest accrued on the good faith payment while held by
the Agency.
Section 5. Should the Developer withdraw its
application for the Project at any time prior to the actual
purchase by Developer, Developer shall not be entitled to
any refund of the good faith payment amount.
Section 6. Nothing in this Agreement shall be deemed,
construed or represented by Agency or Developer or by any
third person to create the relationship of principal agent,
or of a partnership, or of joint venture, or of any other
association of any kind or nature between City and
Developer.
Section 7. This Agreement constitutes the entire
agreement of the parties concerning the subject matter
hereof and all prior agreement or understandings, oral or
written, is hereby merged herein. This Agreement shall not
be amended in any way except by writing and expressly
purported to be such an amendment, signed and acknowledged
by both parties hereto.
000005
V
Section 8: Any notice to be given pursuant to this
Agreement shall be in writing and all such notices and any
other document to be delivered by personal services or by
deposit in the Unites States mail, certified or registered,
return receipt requested, with postage prepaid, and
addressed to the party for whom intended as follows:
Agency: Moorpark Redevelopment Agency
799 Moorpark Avenue
Moorpark, California 93021
Attn: Executive Director
Developer: Far West Homes, LLC
32524 Seacliff Drive
Rancho Pales Verdes, California 90275
Attn: Sergi Srebnik
Section 9: Should interpretation of this Agreement,
or any portion thereof, be necessary, it is deemed that
this Agreement was prepared jointly and equally, and shall
not be interpreted against either party on the grounds that
a party prepared the Agreement or caused it to be prepared.
Section 10: This Agreement is made, entered into,
executed in Ventura County, California and any action filed
in any court, shall be filed in the applicable court in
Ventura County, California.
Section 11: If any portion of this Agreement is held
by a court of competent jurisdiction to be invalid, void or
unenforceable, the remaining provisions will nevertheless
continue in full force without being impaired or
invalidated in any manner.
IN WITNESS WHEREOF, the Agency and the Developer have
executed this Agreement as if the date first written above.
AGENCY DEVELOPER
Executive Director
Title.
ATTEST:
Agency Secretary
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MOORPARK REDEVELOPMENT AGENCY
AGENDA REPORT
TO: Honorable Board of Directors
ITEM
CITY OF MOORPARK, CALIFORNIA
Redevelopment Agency Meeting
of ASRD0ad)gr 1 J- 1--101,11
ACTION: ,,/� ,C "�
t I r tlir?. 6rQnm,
FROM: John E. Nowak, Assistant Executive Director 9c?-)
DATE: 03 September 1999 (Meeting of 09- 15 -99)
RE: Consider the Redevelopment Agency's Downtown
Business Loan Program.
BACKGROUND: In 1997 the Redevelopment Agency established a
loan program for businesses located in the Downtown Area
(High Street from Spring Road to Moorpark Avenue, and
Moorpark Avenue from Los Angeles Avenue to High Street.
The low interest loans could be to a maximum of $25,000 and
required a 25% match from the developer/ owner. Only one
loan has been made since the program began.
DISCUSSION: In May 1997 the
established a low interest busine
development in the downtown area.
annual uncompounded interest with a
loan amount can cover up to 75% of
related costs. The attached loan
document details what the loan funds
loan, in the amount of $17,000 w
Restaurant.
Redevelopment Agency
ss loan to encourage
The loans are at 3%
ten -year payback. The
the total construction
information /application
can be used for. One
as made to Red River
The Agency has the ability to extend the parameter of the
loan program. This can be either through making the loans
available in all or part of the Redevelopment Project Area;
expanding the scope of eligible expenditures for the loan
funds; and /or increasing the amount of the loan. In any
expansion, the Agency should be cognizant that the funding
would come from the Agency's tax increment funds.
RECOMMENDATION: Direct staff as deemed appropriate.
Attached: Business Loan Program document
000003
MOORPARK REDEVELOPMENT AGENCY
BUSINESS LOAN PROGRAM
SEPTEMBER 1997
000009
TABLE OF CONTENTS
Section Page
Section I. Goals and Objectives ........................ ..............................1
Section II. Loan Program Area ......................... ............................... 1
Section III. Eligible Projects .............................. ............................... 2
Section IV. Businesses eligible for funding ....... ............................... 3
Section V. Terms of the Loan ........................... ............................... 3
Section VI. Application Procedures ................... ............................... 4
Section VII. Loan Documents ............................. ............................... 6
EXHIBITS
Exhibit "A" Flow Chart
Page 8
Exhibit "B" Business Loan Application Page 10
Exhibit "C" Owner Indemnification and
Release Form Page 15
Exhibit "D" Applicant Information Sheet Page 17
(1)
0000..0
MOORPARK REDEVELOPMENT AGENCY BUSINESS LOAN PROGRAM
SECTION I
GOALS AND OBJECTIVES
The Redevelopment Agency of the City of Moorpark has declared a reed to assist with economic
growth in the Moorpark Redevelopment Project Area. To accomplish this, the City and Agency
will encourage the relocation and establishment of businesses, and efforts to assist existing
businesses, in Moorpark's historic downtown. This encouragement will include a business loan
program described herein for the Loan Program Area, which is located in the Redevelopment
Project Area.
Businesses will be considered for inclusion in this low- interest loan program on the basis of
several factors. Enterprises deemed to complement existing businesses in the Loan Program
Area will be considered, including those that will contribute to a desired mix of economic activity
in the Loan Program Area and as well as the City generally.
The overall goal is to create a more attractive and accessible downtown area, to encourage a
higher level of foot traffic, to develop a more vibrant business climate and to encourage economic
spinoff and synergy among existing and new businesses. By providing an attractive incentive to
existing businesses to remain in their present location or new businesses to locate here, this
effort will expand the City's economic base, eliminate conditions leading to blight, increase the
job market and improve the retail and service economy of the City.
SECTION II
LOAN PROGRAM AREA
The loan program shall be limited to the area as follows: Moorpark Avenue from Everett Street
south to Third Street; High Street; Walnut, Bard and Magnolia Streets from High Street to Charles
Street. The buildings are to be consistent with the Downtown Plan and the building and use are
to be consistent with Section 17 of the Municipal Code.
The following Redevelopment Agency Business Loan Program requirements have been
developed in order to more efficiently promote and administer this program and to establish
parameters for applicants.
1
000011
SECTION III
ELIGIBLE PROJECTS
Both interior and exterior construction elements will be considered for this program. All items are
to be consistent with the City's zoning regulations, building codes, and other applicable City,
County, State and Federal codes and regulations. Any violation of the preceeding shall be
corrected as part of this program. Failure to meet these standards may be cause for denial of the
application. The following are examples of construction elements eligible for funding:
1. Reconstruction of parking lots.
2. Removal and replacement of signs.
3. Landscape treatment and irrigation systems.
4. Facade and exterior building renovation.
5. Decorative walls and fences.
6. Onsite sidewalks and curbing.
7. Roof mounted equipment screening.
8. External lighting.
9. Eaves and marquees.
10. Retrofit of unreinforced masonry construction.
11. Electrical, mechanical, heating /air conditioning and plumbing systems.
12. Tenant improvements.
13. Interior structural elements such as walls, ceilings and flooring.
14. Offsite improvements such as curbs, gutters and sidewalks.
15. Compliance with Americans with Disabilities Act (ADA) requirements.
16. Other similar improvements.
2
000012
SECTION IV
BUSINESSES ELIGIBLE FOR FUNDING
The following businesses are eligible for funding:
1. New businesses locating in the Loan Program Area.
2. Existing businesses in the Loan Program Area.
3. Preferred businesses to be:
A. Retail sales.
B. Point of origin for the purpose of generating sales tax.
C. Businesses that increase employment.
D. Businesses that increase business traffic in the Loan Program Area.
E. Businesses having a potentially positive impact on retail businesses in the
Loan Program Area.
SECTION V
TERMS OF THE LOAN
The following are the terms and conditions of the program loans:
1. Interest at a simple uncompounded rate of three percent (3.0° %) per annum.
2. Ten (10) year amortization.
3. No penalty for early payoff.
4. Loan payment to start 90 days from the execution of the construction contract.
3
0000-3
5. Monthly loan payments are due and are to be paid on the first day of each month.
Any payment not received by the sixth day of the month shall be considered late.
A daily administrative fee will be charged on all delinquent accounts from the first
day of the month until payment is made. The administrative fee will be in the
amount of ten percent (10 %) of the loan payment due, compounded daily and
based on a 360 -day year. (The amount due each day will be equal to the amount
of loan payment(s) due, plus any previous fees accrued, multiplied by 10°x6 divided
by 360.) If after sixty (60) calendar days the default is not cured of all back
payment owed, the Agency shall at its discretion, start foreclosure proceedings.
6. That the loan be secured by a lien against the property that is being rehabilitated,
other real property, or insurable personal property, or liquid assets such as stocks
and bonds of equal value. A third position may be considered with a good credit
rating and adequate loan to value ratio. At least a 1.5 to 1 loan ratio shall be
required.
7. The loan will be in an amount of up to $25,000.
8. The loan is to be no more than eighty percent (80 %) of the cost of the project up to
the maximum loan amount of $25,000.
9. With the application, the applicant shall deposit a non - refundable fee of $125.00
for staff processing time.
10. All escrow, title and recording fees or other fees charged by escrow will be part of
the loan, or paid for by the applicant at the time the application is received by the
Agency. The applicant shall make a deposit of $550.00 to Agency to cover these
costs. If the loan does not close, any unexpended amount will be returned to the
applicant. No interest shall be paid on this deposit.
The applicant shall prepay (out of pocket) the Agency for any special studies or for
consultants used in the processing of the application as determined by the Agency
at its sole discretion.
11. The payment of processing costs, a fee or deposit is no guarantee of approval. The
Agency may deny or approve the application at its sole discretion.
SECTION VI
APPLICATION PROCEDURES
1. Initial meeting with prospective applicant. Upon contact by a prospective applicant,
staff will determine if the applicant or business meets the above program
4
000014
requirements and if the desired use of the funds may qualify under this Program.
A copy of these Program requirements and a complete application package will be
provided to the applicant. The application package will include the application form
and list of support documents needed to process the application.
2. Application Submitted to Agency. At the time an application is submitted to the
Agency, the applicant shall deposit a non - refundable fee of $125.00. Staff will
review the application documents for completeness. Additional information or
documentation will be requested at that time, if needed.
3. Required Bids. The applicant shall provide three bids from approved contractors
for all work proposed to be performed. The lowest responsible bid subject to the
program requirements and as determined by the Agency at its sole discretion will
be accepted if the loan is approved.
4. Credit Report. A credit report for the business and/or personal credit report of
proprietor(s) will be obtained at applicant's cost.
5. Contractor Review. Staff will investigate Contractor's current status with State
licensing board and review evidence of insurance coverage.
6. Application Review by Staff. The application will be reviewed by staff for
compliance with the Program requirements. Staff will inform the Agency Members
when an application is received and whether or not the application is approved.
7. Escrow. If the application is approved by the Agency, a construction escrow
account will be opened. Staff will notify the Finance Department of the anticipated
business loan project, so that Finance can assign an account number for tracking
purposes. Staff will prepare a written request for the Finance Department for the
transfer of the approved funds to escrow, identifying the assigned account number
for the project.
8. Contractor Compliance. Staff will obtain evidence of Contractor's insurance naming
Agency as additional insured for the approved work. Staff will also ensure that the
Contractor has a current State License and City Business Registration.
9. Loan Documents. Loan documents will be prepared, including promissory note and
Deed of Trust. When executed, the Deed of Trust will be recorded, along with a
Request for Notice. Thus, the Agency will be notified of any changes to prior liens
on the property or if any change occurs in title to the property. Upon recording
these documents, authorized work to the property may proceed. The applicant will
be responsible for advanced payment of all document preparation costs and
Agency out -of- pocket expenses. These costs may be included in the loan amount.
10. Payment Procedures. The Construction schedule will be used to identify the
number and amount of each draw (not to exceed 5 draws per escrow). A draw
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000015
schedule shall be approved by Agency staff. The Contractor will be required to sign
a statement that 10% of the loan amount (retention payment) will be withheld until
30 days after recording of Notice of Completion and final sign off from the Building
Official for any and all required permits, whichever occurs last. This will provide the
required 30 -day period for filing of mechanics' liens.
11. Ongoing monitoring. The Trust Deed Collection unit of the escrow company will
service the loan and provide a monthly activity report of loan payments. This
service includes monitoring payment of property taxes and maintenance of property
insurance, as well as status of senior liens.
SECTION VII
LOAN DOCUMENTS
The following documents will need to be prepared and submitted to the Agency for review:
1. Application and authorization to obtain credit report. Application will show the
following:
A. Description of the structure of the business and list of officers, partners and
investors. Financial documents may be requested such as IRS filings,
banking records or credit reports.
B. Amount and specific purpose of the loan. All improvements to be made and
costs of improvements and/or use of funds shall be provided in detail.
C. Three bids for the work to be performed shall be provided, including the
name and license number of the contractor who will manage the
improvement process.
D. How the loan will be secured.
E. Signature of applicant, indicating acceptance of all the terms of the program.
This will include applicant's responsibility for escrow and title and any
related fees.
2. Ownership documents (Deed of Trust, signed Rental Agreement or Purchase
Document). If the applicant is a tenant, the owner of the building and /or site must
approve of the project by signing an Owners Release Form (see Exhibit "C ").
3. Financial History
Corporations: Most current three months' bank statements, business tax returns for
6
00001E
three years and current Profit and Loss Statement (prepared and certified by an
accountant);
Partnerships, sole proprietorships. etc.: Most current three months' bank
statements, personal tax returns for three years and current Profit and Loss
Statement prepared by an accountant, as necessary. If a new business, there may
be a need for additional personal financial information.
4. Current business plan, including marketing component, showing projected revenues
and expenditures for next three years.
5. Business resume of proprietor.
6. Evidence of property owner's approval of desired tenant improvements, if
applicable.
7. Evidence of insurance including fire, earthquake, and personal liability.
8. Approval and permits required by the City.
9. Evidence of contractor's liability ($1,000,000 coverage) and worker's compensation
insurance written on an occurrence basis.
10. Copies of other loan agreements that may be outstanding.
11. Architectural renderings of all improvements on site, materials board and site map
drawn to scale.
Additional information may be requested by the Agency, if it is determined to be necessary to
evaluate the application.
C:W\ECONOMICISGH .001 -02110 197September23, 1997
7
00001`
EXHIBIT "A"
FLOW CHART
000018
FLOW CHART
APPLICATION PROCEDURES
INITIAL MEETING BETWEEN
STAFF AND PROSPECTIVE APPLICANT
I
APPLICATION RECEIVED AND REVIEWED
BY STAFF. ADDITIONAL INFORMATION
REQUESTED IF NEEDED
CREDIT REPORT ORDERED
APPLICATION APPROVED OR DISAPPROVE
BY STAFF
IF APPROVED
ESCROW OPENED
I
CONTRACTOR'S COMPLIANCE
DOCUMENTS OBTAINED
LOAN DOCUMENTS
PREPARED
PAYMENT SCHEDULE
DETERMINED
NOTICE OF COMPLETION
FILED
I
LOAN AND ACTIVITY
REPORT MONITORED
000019
EXHIBIT "B"
BUSINESS LOAN APPLICATION
to
OOOOIA;0
Loan Application
Moorpark Redevelopment Agency
Business Loan Program
Name of Business
Current Address
Previous Address
(if less than 2 years at current address)
Federal ID Number
Number of years in business
State Industrial Classification Code(SIC)
jOrganizational Structure of Business: (Please check one)
(Corporation'
Partnership
Sole
Proprietorship
Sub (S)
Corporation'
Briefly describe the product(s) produced, service provided, etc.
!Separately, please provide names and addresses of officers
of the corporation.
=Separately, please provide names, Social Security numbers
and addresses of general partners.
'Separately, please provide names, Social Security numbers
and addresses of corporate participants.
C: \M \NLB \COMRCIAL\
LOANAP- 3/3/97- September 23, 1997 1
00001
Annual Sales, if applicable
(for year )
Business References:
Name
Address
Describe the purpose of this loan. (Please include architectural rendering,
materials board and site map, as necessary, as well as an itemized list of
repairs, retrofits and /or renovations. Attach additional sheets as needed.)
Cost of improvements
to be made with this loan
Full cost of desired improvement project, if
different
Source of additional funds for improvement project, if applicable
Name and Address of Property
Owner, if different from Applicant
Do you anticipate increasing
Yes
your work force within the next 6 months?
No
C: \M \NLB \COMRCIAL\
LOANAP - 3/3/97- September 23, 1997
00000102
If the answer to the previous question is "Yes ",
classification(s) will be affected and how many
within each classification.
please indicate what job
employees you expect to add
Classification(s)
Number of Employees
Average Salary /Hourly Rate
I certify that the information presented as part of this application for a
business loan from the Moorpark Redevelopment Agency is accurate to the best
of my knowledge, under penalty of perjury. I further attest that I am the
duly authorized representative of this business. I grant permission to obtain
a credit report on myself for the purpose of evaluating this application for
loan and, if applicable, to obtain a credit report on this business for the
same purpose.
Name Date
Title
C: \M \NLS \COMRCIAL\
LOANAP- 3/3/97- September 23, 1997 3
000063
EXHIBIT "C"
OWNER INDEMNIFICATION
AND
RELEASE FORM
14
0 000
OWNER INDEMNIFICATION AND RELEASE FORM
AUTHORIZATION
APPLICANT:
(Name of Lessee or Authorized Agent)
Property Owner's Name (Print or Type Name) Telephone
Address
PROPERTY LOCATION (THE PREMISES):
Address
City State Zip Code
City State Zip Code
I hereby submit this application for the Moorpark Redevelopment Agency Business Loan
Program and certify that the information and exhibits herewith submitted are true and
correct to the best of my knowledge.
Applicant's Signature
Date
PROPERTY OWNER(S): I, the undersigned, certify that I am the owner(s) of the property
upon which a construction project is planned, utilizing Moorpark Redevelopment Agency
Business Loan funds. Further, the above signed Tenant/Agent has my permission to carry
out this project.
Owner(s) shall indemnify, defend with legal counsel approved by Agency and hold
harmless the City of Moorpark and the Agency and their officers, employees, servants and
agents from and against any and all claims, actions, liabilities, losses, damages, costs,
attorneys' fees and other expenses of any nature for loss or damage to property, or injury
15
00004,;;
to or death of persons, arising in any manner whatsoever, directly or indirectly, by reason
of this Hold Harmless Agreement, during the rehabilitation construction of the Premises
or the use or occupancy of the Premises by any and all persons (collectively "Claim "),
whether the Claim be made during the rehabilitation construction or thereafter, except such
loss, damage, injury or death caused by the sole negligence of Agency or any of its
officers, employees, servants or agents.
PROPERTY OWNER (Print or Type Name)
Address
Signature
Telephone
City State Zip Code
Date
(If more than one owner, please provide a separate signed Owner Indemnification and Release Form for each property
owner.)
16
0 0000.
EXHIBIT "D"
APPLICANT INFORMATION SHEET
17
0000AW
Loan Application
Moorpark Redevelopment Agency
Business Loan Program
APPLICANT INFORMATION SHEET
Name of Applicant:
Name of Spouse:
Mailing Address:
Home Address:
(if different from mailing address)
Business Telephone:
Home Telephone:
Facsimile Number:
Social Security Numbers:
(Applicant) (Spouse)
If any personal or real property is used as collateral for this loan, provide information on all
individuals, other than the applicant, who is an owner, a co -owner of or has interest in any of the
property. (Attach additional sheets as necessary.)
Collateral: Name
Address
OA(18"
I certify that the information presented herein as part of this application for a business loan from the
Moorpark Redevelopment Agency is accurate to the best of my knowledge, under penalty of perjury.
Applicant Signature
Spouse Signature
Date
Date
00000-�-W 8
MOORPARK REDEVELOPMENT AGENCY
BUSINESS LOAN PROGRAM
APPLICATION INFORMATION CHECKLIST
APPLICANT: ADDRESS:
THE FOLLOWING MATERIALS AND INFORMATION MUST BE SUBMITTED WITH THE
BUSINESS LOAN APPLICATION. PLEASE BE SURE THAT ALL ITEMS ARE INCLUDED IN
YOUR APPLICATION, UNLESS CITY STAFF HAS INDICATED ON THIS FORM THAT IT IS
NOT REQUIRED, TO ASSURE A PROMPT RESPONSE IN REVIEWING THE MATERIALS.
THE FOLLOWING INFORMATION AND MATERIALS ARE DUE AT THE TIME OF SUBMITTING AND
APPLICATION.
1. Business Loan Application form, completed and signed. If a section does not apply to your
business or proposed construction work, please indicate "NA ".
2. Owner Indemnification and Release Form, completed and signed. If more than one owner,
provide a separate Form for each owner.
3. Applicant Information Sheet, completed and signed by applicant and spouse, if applicable.
4. Three (3) bids from qualified contractors for all work proposed to be performed.
Contractor's name, business address and State Contractors License number must be
provided.
5. Detail description of work to be performed. Include any sketches, architectural drawings
or other information available. Indicate colors and materials to be used for any exterior
work.
6. Cost breakdown of how loan funds are to be expended. Indicate work to be performed by
non -loan funds, as applicable.
7. Sources and amounts of other funds to be used for construction and/or improvements on
property.
8. If the owner of property, copy of Deed of Trust showing ownership. If a tenant, copy of
Rental Agreement. If purchasing property, copy of Purchase Document.
9. Description of structure of business, include articles of incorporation and any other relevant
documentation.
10. Copies of most current 3 months' bank statements, business tax returns for 3 years and
current Profit and Loss Statement (certified by accountant) - CORPORATION
11. Copies of most current 3 months' bank statement, personal tax returns for 3 years, and
current Profit and Loss Statement (prepared by accountant) - PARTNERSHIPS, SOLE
PROPRIETORSHIPS, ETC.
00000114, 9
APPLICATION CHECKLIST - PAGE 02
12. Copy of applicant's credit report.
13. Current business plan, including marketing component, with projected revenues and
expenditures for next 3 years.
14. Business resume of the proprietor.
15. Evidence of owner's approval of tenant improvements (signed copy of TI plans).
16. Copies of insurance policies including fire, earthquake and personal liability.
17. List of collateral to be used for the loan. Include estimated net value of each (total current
value minus outstanding amounts owed).
18. Copies of other loan agreements outstanding.
19. A nonrefundable check in the amount of $125.00 payable to "Moorpark Redevelopment
Agency".
THE FOLLOWING MATERIALS ARE TO BE PROVIDED AFTER LOAN APPROVAL, BUT BEFORE
FUNDS ARE RELEASED.
1. Copies of contractors' liability and workers compensation insurance.
2. A check in the amount of $550.00 for escrow and other fees.
00001('