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Home My WebLink AboutAG RPTS 2000 0105 RDA REG, * �( ESTARL150 NAM 10L 1w Resolution No. 2000-90 MOORPARK REDEVELOPMENT AGENCY REGULAR MEETING AGENDA WEDNESDAY, JANUARY 5, 2000 6:30 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2. ROLL CALL: 3. PUBLIC COb4MENT: 4. PUBLIC HEARING: A. Consider Resolution No. 2000- Adopting the 1999-2004 Five Year Implementation Plan for the Moorpark Redevelopment Agency. Staff Recommendations: 1) Open the public hearing and take testimony; 2) Close the public hearing; and 3) Adopt Resolution No. 2000- adopting the 1999-2004 Five Year Implementation Plan for the Moorpark Redevelopment Agency. 5. PltiSE$tlkTtO%4/kCTION/DISCUSSION: Km Consider Approval of Appraisal Report and Authorization for Condemnation of Real ProDertv located at 285 Bi-ah Street Recommendations: 1Y Approve t-he -appraisal -for -r-,eal-property at 2-8-5 RiLgh :Street and _297 -.Riqli Street the- -City of Moorpark as prepared -Vb&,.tZL &-,--A:§sociates; and 2) Authorize the initiation of condemnation proceedings for the acquisition of the real property if needed. (ROLL CALL VOTE REQUIRED.) 6. CONSENT CALENDAR: A. Consider Approval of Minutes of Regular Redevelopment Agency Meeting of August 18, 1999. Consider Approval of Minutes of Special Redevelopment Agency Meeting of November 3, 1999. Redevelopment Agency Agenda January 5, 2000 Page 2 6. CONSENT CALENDAR: (continued) Consider Approval of Minutes of Regular Redevelopment Agency Meeting of December 1, 1999. Staff Recommendation: Approve minutes as processed. B. Consider Authorization for Staff to Discuss Valuation of Property Located at 45 High Street. Staff Recommendation: Authorize staff to discuss the valuation of the property located at 45 High Street. 7. CLOSED SESSION: A. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Pursuant to Government Code Section 54956.8) 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: 285 High Street, Moorpark, CA 93021 Agency Negotiator: Steven Kueny, Executive Director Negotiating Parties: The Redevelopment Agency of the City of Moorpark and Randall - Tracy Marsh Under Negotiation: Price and terms of payment Property: 555 Spring Road, Moorpark, CA 93021 Agency Negotiator: Steven Kueny, Executive Director Negotiating Parties: The Redevelopment Agency of the City of Moorpark and F. L. Pederson Testamentary Trust 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 8. 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 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 0 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/Discuss ion 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 —ally for open Public Hearings n/Dis agenda and Presentation/Actio cussion items. Copies of each item of business on the c 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). STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss CITY OF MOORPARK AFFIDAVIT OF POSTING I , La-Dell VanDeren, declare as follows : That I am the Deputy City Clerk of the City of Moorpark and that a notice for a Regular meeting of the Moorpark Redevelopment Agency to be held January 5, 2000, at 6 :30 p.m. in the Council Chambers of the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California, was posted on December 30, 1999, at a conspicuous place at the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California. I declare under penalty of perjury that the foregoing is true and correct . Executed on December 30, 1999 . La-Dell VanDeren, Deputy City Clerk MOORPARK REDEVELOPMENT AGENCY AGENDA REPORT TO: Honorable Board of Directors i(P2_ TFM - . CJT�� OF MORPARK, CALIFORNIA Redevelopment Agenev Meeting FROM: Graham Mitchell, Senior Management Analyst 9� Urban Futures, Inc., Agency Advisors DATE: December 13, 1999 (Meeting of 1/5/00) SUBJECT: Consider Resolution No. 2000- Adopting the 1999- 2004 Five Year Implementation Plan for the Moorpark Redevelopment Agency. Background Assembly Bill 1290 ( "AB 1290 "), sponsored by the California Redevelopment Association, entitled the Community Redevelopment Law Reform Act of 1993, took effect January 1, 1994. AB 1290 included the most significant changes in the California Community Redevelopment Law (CCRL) in many years. The changes affected both existing project areas and new redevelopment plan adoptions. The Moorpark Redevelopment Agency approved a Plan in December 1994 and adopted a Midterm Update in December 1997. Discussion One of the AB 1290 provisions requires that each redevelopment agency adopt a five -year plan of implementation ( "Implementation Plan ") . The Implementation Plan is one of several requirements that emphasize the link between redevelopment activities and the elimination of blight. Each agency that had adopted a redevelopment plan prior to December 31, 1993, after a public hearing, was required to adopt an Implementation Plan on or before December 31, 1994. Thereafter, an Implementation Plan must be prepared and adopted every five years. In addition, at Honorable Board of Directors December 13, 1999 Page 2 least once during the five -year period, a public hearing on the Implementation Plan is required. Among other requirements, the Implementation Plan must describe specific goals and objectives of the agency, specific programs, including potential projects and estimated expenditures to be made during the next five years. The Implementation Plan is to also explain how these goals, objectives, programs and expenditures will eliminate blight remaining in the project area address affordable housing production. Working with Agency staff, Urban Futures, Inc. has prepared a 1999 -2004 Implementation Plan that includes modified Agency goals and objectives, reviews Agency accomplishments in the past five years, describes implementation projects and programs, projects Agency expenditures, and identifies remaining conditions of blight in the Project Area. The Implementation Plan includes the housing production plan for the Project Area required by the CCRL. The following sections summarize key sections of the Implementation Plan: Accomplishments (1995 - 1999) ■ Completed Phase II of the Mission Bell shopping center, ■ Developed Poindexter Park, ■ Located the California Highway Patrol in the Downtown, ■ Leased Agency -owned property to businesses on High Street, ■ Completed infrastructure improvements in Project Area (storm drains, alley improvements, street overlays), ■ Implemented the Business Loan Program for Downtown businesses, ■ Participated in a regional marketing collaborative, ■ Completed the Downtown Market Analysis /Feasibility Study, ■ Rehabilitated six homes in the Project Area, ■ Rehabilitated three mobilehome units, ■ Negotiated development agreements for 124 affordable units Cabrillo Economic Development Corp., Archstone, MP Group LLC, Far West), ■ Negotiated develop agreements for affordable housing "in lieu" fees of $3,240,600 (MP Group LLC, Moorison, Far West) ■ Established the Mortgage Credit Certificate Program which has assisted three first time homebuyers in Moorpark. Honorable Board of Directors December 13, 1999 Page 3 Goals & Objectives (1999 - 2004) ■ Preserve and enhance the economic prosperity of the overall community and aid business development and retention in the Project Area, ■ Implement strategies to economically revitalize the Downtown, ■ Promote adequate infrastructure for business development, ■ Promote affordable housing and residential support programs and services. Projected Programs & Expenditures (1999 - 2004) The Agency intends to continue programs that support the goals and objectives identified in the Plan. The Implementation Plan identifies four areas of programming that will receive Agency funding: ■ Infrastructure ■ Community Facilities ■ Community Development ■ Housing During the time period of the 1999 -2004 Implementation Plan, the Agency anticipates expending $6,475,756 (not including debt service) on general redevelopment activities and $3,974,883 (not including debt service) on general housing redevelopment activities. Housing Production Plan (1999 - 2004) The Agency will continue its pursuit to promote affordable housing in the Project Area. Five housing programs will continue to or will begin to receive attention during the 1999- 2004 Implementation Plan period. These housing programs include: ■ First Time Homebuyer ■ Housing Rehabilitation ■ Rental Subsidy ■ Senior Affordable Housing ■ Covenant Recordation Program Honorable Board of December 13, 1999 Page 4 Directors It should be noted that the preparation of the Implementation Plan is mandatory in order to be in compliance with the CCRL. However, as stated in CCRL Section 33490 (a) (1) (B) , the adoption of the Implementation Plan shall not constitute an approval of any specific program, project, or expenditure and shall not change the need to obtain any required approval of a specific program, project, or expenditure from the Agency. It should also be noted that the Implementation Plan is not a "Project" as defined by the California Environmental Quality Act (CEQA). As required by law, public notice of the public hearing has been given by publication and posting. The proposed Implementation Plan is now ready for public hearing and consideration by the Agency Board for adoption. The Implementation Plan will be provided the Agency Board under a separate cover. Staff Recommendation That the Agency Board 1) Open public hearing and take testimony: 2) Close public hearing; and 3) Adopt Resolution No. 2000- adopting the 1999 -2004 Five Year Implementation Plan for the Moorpark Redevelopment Agency. Attachments: Resolution No. 2000- RESOLUTION NO. 2000- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING THE 1999 -2004 FIVE YEAR IMPLEMENTATION PLAN FOR THE MOORPARK REDEVELOPMENT PROJECT WHEREAS, California Health and Safety Code (the "Code ") Subsection 33490(a)(1) requires that: On or before December 31, 1994, and each five years thereafter, each redevelopment agency that has adopted a redevelopment plan prior to December 31, 1993, shall adopt, after a public hearing, an implementation plan that shall contain the specific goals and objectives of the agency for the project area, the specific programs, including potential projects and estimated expenditures proposed to be made during the next five years,,and an explanation of how the goals and objectives, programs and expenditures will eliminate blight within the project area and implement the requirements of Sections 33334.2, 33334.4, 33334.6 and 33413 of the Code; and WHEREAS, Code Section 33490 (a) (B) provides that adoption of an Implementation Plan shall not constitute a project within the meaning of Section 21000 of the Public Resource Code, and therefore no CEQA compliance is required prior to approval and adoption of the Implementation Plan; and WHEREAS, on January 5, 2009 the Redevelopment Agency of the City of Moorpark (the "Agency ") conducted and concluded the above - referenced duly noticed public hearing; and WHEREAS, all legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, the Redevelopment Agency of the City of Moorpark does hereby resolve as follows: SECTION 1. Pursuant to Code Section 33490, the Agency hereby adopts its 1999 -2004 Implementation Plan for the Moorpark Redevelopment Project, incorporated herein by this reference. Resolution No. 2000 - Page 2 SECTION 2. The Secretary of the Agency shall certify to the adoption of this Resolution and shall cause a certified resolution to be filed in the book of original Resolutions. APPROVED AND ADOPTED this 5th day of January, 2000. Patrick Hunter, Chair ATTEST: ueborah S. Traffenstedt, Agency Secretary tt MOORPARK REDEVELOPMENT AGENCY FIVE -YEAR IMPLEMENTATION PLAN 1999-2004 MOORPARK REDEVELOPMENT PROJECT (including CCRL Section 33413(b)(4) Housing Compliance Plan) prepared by URBAN FUTURES, INC. 3111 N. Tustin Avenue, Suite 230 Orange, CA 92865 (714) 283 -9334 January 5, 2000 12/29/990: 1008- AB1290NOORPARKIMOORPARKIMPPtAN .v2. WPD TABLE OF CONTENTS Page I. INTRODUCTION 1 Regulatory Framework - Ab 1290 1 ........... Requirement for Implementation Plan . ............................... 1 IV. 1999 -2004 AGENCY GENERAL REDEVELOPMENT FUND GOALS AND OBJECTIVES 7 V. PROPOSED AGENCY GENERAL REDEVELOPMENT FUND PROGRAMS AND RELATED EXPENDITURES (1999 to 2004) .. ............................... 8 VI. AGENCY PRODUCTION, IMPROVEMENT AND PRESERVATION OF AFFORDABLE HOUSING ............... ... 14 Agency Compliance Requirements ........... 14 The "Replacement Rule.. ......................................... • . 14 The " Inclusionary Rule.. .......................................... 15 Terms of Affordability............................................ ........ 15 Definition of Affordable Housing .................................... ........ Inclusionary Housing Plan Requirement ............................. 16 Use of Fund Monies Outside the Project Area ........................ 17 1999 -2004 Affordable Housing Goal and Objectives .................... 17 Low- and Moderate- income Housing Fund ........................... 18 Projects and Programs 18 Nexus Between Expenditure for Housing Projects and Programs and Blight Elimination .. 22 Current Status of Agency Affordable Housing Compliance (1995- 1999) .. 22 Projected Housing Units Analysis . 28 Excess Surplus ........... 35 Ten -year and Life -of- the -plan Housing Requirements..... 36 Consistency with City's General Plan Housing Element .................. 37 VII. CONCLUSION .. .. ............................... ..... .........38 12/29/99C:\ 008- AB1290UNOORPARKWOORPARKIMPPLAN .V2.WPD i a � LIST OF TABLES Table Paqe 3 Summary of Blight Conditions Remaining Within the Project Area ................ 7 4 Goals Nexus to Blight Elimination' .......... ............................... 9 5 Projected General Redevelopment Fund Program Receipts and Expenditures ... 10 6 Program and Expenditures Nexus to Blight Elimination ........................ 13 7 Estimated Agency Lmi Fund Receipts and Expenditures Fiscal Year 1999 -00 Through Fiscal Year 2003 -04 .................................................. 19 8 Program and Expenditures Nexus to Blight Elimination ........................ 21 9 Total Units Destroyed or Removed Pursuant to Agency Involvement and Inventory of Replacement Dwelling Units Provided, Project Adoption Through June 1999 ....... 23 10 Total Units Developed and Substantially Rehabilitated Inside Project Area Directly by Agency, Project Adoption Through June 1999 ............................... 24 11 Total Units Developed and Substantially Rehabilitated Outside Project Area Directly by Agency' Project Adoption Through June 1999 .............................. 25 12 All Non - agency Developed and Substantially Rehabilitated Dwelling Units Within the Project Area' Plan Adoption Through June 1999 ............................. 26 13 Total Agency Assisted Units and Inclusionary Units' Project Area Adopted Through June 1999 ....... ........................ .............................27 14 Estimated No. Of Units to Be Destroyed in the Project Area and Estimated Number of Replacement Dwelling Units July 1999 - June 2004 .......................... 30 15 Estimate of Total Units to Be Developed and Substantially Rehabilitated Inside Project Area by Agency' July 1999 - June 2004 ......... ............................... 31 16 Estimate of Total Units to Be Developed and Substantially Rehabilitated Outside Project Areaby Agency ........................... .........................32 18 Estimated Total Agency Assisted Units and Inclusionary Units Available' July 1999- June 2004 19 Fair Share Housing Allocation 1998 -2005 (7.5 Years) ......................... 35 12129/99C:\ 008- AB1290 \MOORPARKNOORPARKIMPPuw.V2.WPD it P A LIST OF FIGURES Figure Paqe 1 Map of the Project Area .................. ............................... 3 APPENDICES APPENDIX 1- AGENCY GOALS AND OBJECTIVES AS SET FORTH IN THE INITIAL UPDATE 12/ 29/ 99C:1 QDB- AB12901 MOORPARK\MOORPARKIMPPLAN.V2.WPD iii MOORPARK REDEVELOPMENT AGENCY FIVE -YEAR IMPLEMENTATION PLAN 1999 -2004 MOORPARK REDEVELOPMENT PROJECT I. INTRODUCTION REGULATORY FRAMEWORK - AB 1290 Assembly Bill 1290 ( "AB 1290 "), sponsored by the California Redevelopment Association, took effect January 1, 1994. Entitled the Community Redevelopment Law Reform Act of 1993, AB 1290 included significant changes in the California Community Redevelopment Law (CCRL). The changes affected both existing project areas and new redevelopment plan adoptions, and generally included i) modifications to the definition of blight, ii) the demise of fiscal review committees and assistance to certain sales tax inducing projects, iii) prohibition against city /county hall construction and /or rehabilitation, iv) time limits on certain redevelopment plan fiscal provisions, v) the repeal of authority to receive sales tax revenues (up to 1%), vi) "use it or lose it" inducements for agencies to spend their Low /Moderate Income (LMI) housing funds (mandatory 20% set -aside funds), and vii) establishment of a nexus between inclusionary and replacement housing requirements and implementation plans. REQUIREMENT FOR IMPLEMENTATION PLAN One of the AB 1290 provisions requires that each agency adopt a five -year implementation plan. The requirement for an implementation plan reflects a strong legislative concern that redevelopment activities should be connected with the blight that justified adoption of the redevelopment plan in the first place. Each agency that had adopted a redevelopment plan prior to December 31, 1993 was required to adopt, after a public hearing, an implementation plan on or before December 31, 1994. Thereafter a new implementation plan must be adopted every five years. In addition, at least once during the five -year period, a public hearing on the Implementation Plan is required. Among other requirements, an implementation plan must describe specific goals and objectives of the agency for the project area, specific programs, including potential projects and estimated expenditures to be made during the next five years, and explain how these goals, objectives, programs and expenditures will eliminate blight remaining in the project area(s) and implement the requirements of CCRL Sections 33334.2, 33334.4, 33334.6 and 33413. The implementation plan required of agencies with existing project areas must describe how the agency will implement both the requirement to increase, improve and preserve low - and moderate- income housing and satisfy the inclusionary housing requirement. The section of the Plan addressing the LMI Housing Fund (the "LMI Fund ") must describe the amount of funds available in the LMI Fund and the estimated amounts which will be 12/29/99C:\ 008- AB1290XMOORPARK MOORPARKIMPPLAN.V2.WPD deposited into the LMI Fund during each of the next five years as well as estimates of the expenditures of monies from the LMI Fund during each of the five years. If an implementation plan contains a project that will result in the destruction or removal of very low -, low -, or moderate - income housing which must be replaced pursuant to CCRL Section 33434, the agency is required to identify in the implementation plan proposed locations suitable for replacement dwellings. The Moorpark Redevelopment Agency (the "Agency ") adopted its initial Five -Year Implementation Plan (the "Initial Implementation Plan ") on December 7, 1994 (Resolution No. 94 -31) and updated that plan after a public hearing (the "Initial Update ") on December 17, 1997 (Resolution No. 97 -66). This implementation plan (the "Implementation Plan ") is the second implementation plan adopted by the Agency and is adopted pursuant to the requirements of CCRL 33490. II. HISTORY OF THE MOORPARK REDEVELOPMENT AGENCY; REDEVELOPMENT ACTIONS; 1994 -1999 IMPLEMENTATION PLAN GOALS & OBJECTIVES; AND AGENCY ACTIVITIES DIGEST BACKGROUND The Agency was established in 1987 for the primary purpose of effecting the elimination of blight and stimulating the City's economic base. Growth would occur primarily through the development of new public improvements, commercial and industrial projects, and affordable housing. The Agency adopted the Redevelopment Plan for the Moorpark Project Area (respectively the "Redevelopment Plan" and the "Project Area ") in 1989. Table 1 below is a summary of key Redevelopment Plan features. TABLE 1' REDEVELOPMENT PLAN FEATURES = Adoption Date: July 5, 1989 Ordinance # 110 Term of Plan 40 Years (2029) Total Project Area 1,217 acres Base Year 1988 -89' f Refers to the base year for the purpose of allocating taxes in the redevelopment area. PROJECT AREA LOCATION AND BOUNDARIES The Moorpark Redevelopment Project, as shown in Figure 1, is oriented east to west generally along Poindexter Avenue and includes the old downtown area as well as portions of the "new" downtown area along Los Angeles Avenue. The Project Area contains a variety of residential, commercial and industrial land uses. 12129/99C:1 008- AB1290 \MOORPARWOORPARKIMPPLAN.V2.WPD 2 Freparea by: urban Futures, lne. Implementation Plan Update Moorpark Redevelopment Agency MP_AB1290 Pro jfe�ct Area Figure 1 SUMMARY OF PROPOSED DEVELOPMENT ACTIONS Section 400 of the Redevelopment Plan contains the proposed development actions which the Agency would utilize to "eliminate and prevent the spread of blight in the Project Area ". These development actions are summarized below.' • Improvements to the public infrastructure • Acquisition and disposition of real property • Redevelopment of residential, commercial, or industrial land by private or public entities, including the financing thereof • Rehabilitation of structures or development of vacant land, as appropriate, by owners. • Other actions "as may be permitted by law." 1994 -1999 IMPLEMENTATION PLAN FIVE -YEAR GOALS AND OBJECTIVES As a part of its Initial Implementation Plan, the Agency listed four (4) goals and twenty -six (26) objectives for redevelopment of the Project Area. As a part of the Initial Update, the Agency reviewed the goals and objectives contained in the Initial Implementation Plan and determined that the Goals and Objectives continued to reflect the focus of Agency activities during that implementation period. The goals and objectives from the Initial Update are included as Appendix 1 to this Implementation Plan. REDEVELOPMENT ACTIVITIES DIGEST: 1995 -1999 Since adoption of the Redevelopment Plan and through the past five -year implementation planning period, the Agency has participated in several successful projects directed towards implementing its proposed development actions and fulfilling the goals and objectives identified in the Initial Implementation Plan and the Initial Update (found in Appendix 1). All of the projects implemented to date by the Agency have worked towards correcting public facilities deficiencies, economic development needs, infrastructure deficiencies, and providing housing which is affordable to persons and families of very low -, low -, and moderate- income. A summary of Agency activities during the past five -year implementation planning period is shown in Table 2. The full list of these proposed actions in found on pages 2 and 3 of the Redevelopment Plan on file with the City Clerk of the City of Moorpark. 12/29/99C: 1008- AB12901MOORPARKWIOORPARKIMPPLAN .v2.WPD 4 12129199C:\ 008- AQ1290WIOORPARKWOORPARKIMPPIAN .V2.WPD 5 TABLE 2 IN 1+ITORY OF ACCOMPLISHMENTS -.1995 -1999 Item Date Agency Accomplishment Description Type of Participation' 1 1994 Boys & Girls Upgrade of club facilities a Club 2 1994 Various LA Avenue wall & landscaping; High Street improvements; Flory a, c Infrastructure Street improvements; Charles Street concrete work; High Street Projects gazebo 3 1995 _ Gisler Field Acquisition and subdivision of 30 -acre parcel (Gisler Field) with a,b,e reservation of 8 acres for affordable housing; 7 acres for downtown park; and 15 acres for retail and commercial project. 4 1995 Arroyo Vista Continuing improvements to Arroyo Vista Park a,g Park 5 1995/ Lease of High Lease of Agency -owned storefront property on High Street to a,c,d,g 2000 Street Parcels such uses as a restaurant, senior thrift store and office. 6 1996 Poindexter Development of a 7 -acre portion of Gisler Field as Poindexter a,g Park Park. 7 1996 Mission Bell II Phase II of a commercial retail center. Phase II includes an 8- a plex theater, restaurant and retail stores. 8 1996/ RFP for Gisler Drafted and distributed an RFP for development of affordable a,e,f 1999 Field Housing housing on 8 -acre parcel previously subdivided from Gisler Field. Disposition of property for development of 15 low- and very low- housing units (1999). Construction to begin in 2000. 9 1996 Locate CHP Assisted in the lease of a CHIP Office in the Project Area b,c,f Office 10 1996/ Storm Drain Studies for (1995) and construction of the Moorpark Avenue and a 1999 Spring Road (1999) Storm Drains 11 1997 Business Loan Low interest loans for business in the High Street Area a, c Program 12 1998/ Business Activation of multi jurisdictional teams to meet with prospective c 1999 Attraction businesses. Participated in regional business attraction campaign to attract specific businesses identified in regional cluster study 13 1997/ Housing Rehabilitated three housing units within the Project Area (1998). a 1998/ Rehabilitation Rehabilitated an additional two housing units within the Project 1999 Area (1999). 14 1997/ Mortgage Established a Mortgage Credit Certificate Program to provide a g 1998 Credit federal tax credit of 15% to eligible homebuyers Certificate Program 15 1998/ Downtown Construction of downtown alley improvements and street a 1999 Street overlays Improvements 16 1999 Mobile home Developed a Mobile home Rehabilitation Loan Program a, g Rehabilitation 17 1999 Housing Negotiated a development agreement providing 62 additional e, f Development affordable rental units at the Archstone housing development project (20% of the Project) 12129199C:\ 008- AQ1290WIOORPARKWOORPARKIMPPIAN .V2.WPD 5 As shown in Table 2, the Agency has been active in implementing the goals and objectives set forth in both the Initial Implementation Plan and the Initial Update, and the development actions set forth in the Redevelopment Plan in a way to lessen conditions of blight and improve the overall economic and physical condition of the Project Area. However, as described in the following section, blight remains in the Project Area. The Agency's resources will continue to play an integral role in its ability to remedy those negative conditions within the Project Area. Ill. IDENTIFICATION OF KEY BLIGHTING CONDITIONS The conditions of blight which existed in the Project Area in 1989 when the Redevelopment Plan was adopted are described in Section III of the Agency's Report to the City Council on the Proposed Redevelopment Plan for the Moorpark Redevelopment Project (the "Report to the City Council ") which was presented to the City Council in July, 1989. The Report to the City Council is on file at the Agency's offices located at 799 Moorpark Avenue, Moorpark, CA 93021. The Report is incorporated herein by reference. Conditions within the Project Area, with the exception of improvements caused by the implementation of Agency- sponsored projects and programs and projects (please see Table 2) and other projects that may have been implemented without Agency assistance, remain the same as when the Redevelopment Plan was adopted in 1989. It is the Agency's intent to continue its focus on the remedy of those remaining conditions of blight. Blighting conditions that remain in the Project Area, and their relationship to CCRL Sections 33030 and 33031, are shown in Table 3. 12/29/990:\ 008- AB1290\ MOORPARK\MOORPARKIMPPIAN.V2.WPD 6 TABLE 2 INVENTORY OF ACCOMPLISHMENTS: '1995 -1999 Item Date Agency Accomplishment Description T of Type Participation 18 1999 Housing Negotiated a development agreement with MP Group LLC e, f Development providing 22 low- income units and $900,000 for development of very low - income units. 19 1999 Housing Imposed a development condition with Far West Homes e, f Development providing 7 units for low- income households plus $300,000 for use with very low- income units. 20 1999 Housing Imposed a development condition with Asadarian for 1 low- e, f Development income unit. 21 1999 Market Funded a Downtown Market Analysis Study to provide the c Analysis Agency with a development concept and tools to revitalize the downtown 22 1999 Business business retention effort that included identifying c, g Retention [implemented target businesses, welcome and introduction letters, and CEO visits 'KEY a - Funding e - Housing Opportunities b - Recruitment and Planning f - Negotiations Assistance g - Program Development c - Business Source: City of Moorpark Redevelopment Agency, November 1999. Retention /Development d -Fund Raising As shown in Table 2, the Agency has been active in implementing the goals and objectives set forth in both the Initial Implementation Plan and the Initial Update, and the development actions set forth in the Redevelopment Plan in a way to lessen conditions of blight and improve the overall economic and physical condition of the Project Area. However, as described in the following section, blight remains in the Project Area. The Agency's resources will continue to play an integral role in its ability to remedy those negative conditions within the Project Area. Ill. IDENTIFICATION OF KEY BLIGHTING CONDITIONS The conditions of blight which existed in the Project Area in 1989 when the Redevelopment Plan was adopted are described in Section III of the Agency's Report to the City Council on the Proposed Redevelopment Plan for the Moorpark Redevelopment Project (the "Report to the City Council ") which was presented to the City Council in July, 1989. The Report to the City Council is on file at the Agency's offices located at 799 Moorpark Avenue, Moorpark, CA 93021. The Report is incorporated herein by reference. Conditions within the Project Area, with the exception of improvements caused by the implementation of Agency- sponsored projects and programs and projects (please see Table 2) and other projects that may have been implemented without Agency assistance, remain the same as when the Redevelopment Plan was adopted in 1989. It is the Agency's intent to continue its focus on the remedy of those remaining conditions of blight. Blighting conditions that remain in the Project Area, and their relationship to CCRL Sections 33030 and 33031, are shown in Table 3. 12/29/990:\ 008- AB1290\ MOORPARK\MOORPARKIMPPIAN.V2.WPD 6 TABLE 3 SUMMARY OF BLIGHT CONDITIONS REMAINING WITHIN THE PROJECT AREA SUBSEQUENT TO THE DATE OF THE REPORT TO THE CITY COUNCIL'. 2 BLIGHT DEFINITION PHYSICAL ECONOMIC CCRL Section 33031(a) CCRL Section 33031(b) Deficient, Deteriorated, or Dilapidated Buildings Prevalence of Economic Maladjustment Older or Obsolescent Buildings Prevalence of Depreciated Values and Impaired Investments Mixed and Incompatible Buildings & Land Uses Lots of Irregular Form, Shape and Size Please refer to Pages 8 through 69 of the Report to the City Council for a more detailed description of blight in the Project Area. L.2 Includes inadequate public improvements per CCRL Section 33030(c). IV. 1999 -2004 AGENCY GENERAL REDEVELOPMENT FUND GOALS AND OBJECTIVES2 CCRL Section 33490(a)(1) states that an implementation plan shall contain an agency's specific goals and objectives for the project area. As previously discussed in this Implementation Plan, the Agency adopted 4 goals and 26 objectives in its Initial Implementation Plan. The Agency did not substantially modify these goals or objectives in its Initial Update. However, as shown in Table 2 above, the Agency has taken actions which address all its goals and partially or wholly complete many of its stated objectives. As a consequence, the Agency has identified an alternative set of goals and objectives for the planning period covered by this Implementation Plan. These goals and objectives are more focused and reflect the progress the Agency has made in the implementation of its programs to date. The non - housing component of these goals and objectives is set forth below, the housing goal and objectives are set forth in Section VI of this Implementation Plan. The Agency's 1999 -2004 Non - Housing Goals and Objectives are: GOAL NO. 1: ENCOURAGE AND AID ECONOMIC DEVELOPMENT IN THE PROJECT AREA OBJECTIVES: 1.1 Improve the economic position of the downtown area. 1.2 Provide resources for establishing new and retaining and expanding existing commercial and industrial businesses in the Project Area. 2 The Affordable Housing goals and objectives are included under Section VI of this Implementation Plana 12/29/99C'. 1008- AB12901MOORPARIMAOORPARKIMPPtAN .v2.WPD 7 GOAL NO. II MAKE IMPROVEMENTS TO PROJECT AREA INFRASTRUCTURE AND PUBLIC FACILITIES WHICH BENEFIT THE PROJECT AREA OBJECTIVES 11.1. Provide funding, as appropriate and feasible, for public facilities, such as parking facilities, which serve properties in the Project Area. 11.2 Continue funding for infrastructure improvements in the public way (including sewer, storm drain, water systems and surface improvements) which benefit the Project Area. 11.3. Reduce traffic congestion, improve public safety, and reduce parking deficiencies within the Project Area. 11.4. Expand Area of Poindexter Park. 11.5. Provide funding, as appropriate and feasible, for public service facilities such as a library, senior center and public safety facility. CCRL Section 33490(a)(1)(A) requires that each implementation plan prepared by an agency contain an "...explanation of how the goals and objectives... will eliminate blight within the Project Area...." Table 4 on the page 9 shows the relationship of the Agency's specific five -year goals and objectives to the eradication of remaining blight, as defined within CCRL Sections 33030 and 33031, within the Project Area. V. PROPOSED AGENCY GENERAL REDEVELOPMENT FUND PROGRAMS AND RELATED EXPENDITURES (1999 to 2004) Section 33490(a)(1)(A) of the CCRL requires that the implementation plan prepared and adopted by each redevelopment agency contain "...the specific programs, including potential projects and estimated expenditures proposed to be made during the next five years...." In order to appropriately devise the programs to be established by the Agency to implement its goals and objectives, it is important to know the amount of money available for those programs. Identified in Table 5 on page 10 is the Agency's general redevelopment fund estimated receipts and expenditures for the FY 1999 -00 through FY 2003 -04 planning period (the term of this Implementation Plan) for the Project Area. Table 5 shows the programs and projected total expenditures on an annual basis that are proposed by the Agency to help achieve its five -year specific goals and objectives, thereby helping to alleviate those blighting conditions remaining in the Project Area. Annual amounts available for expenditures are from projected tax increment and other available revenues including interest earned. Table 5 shows the Agency in an extremely healthy position at the beginning of the period of time covered by this Implementation Plan with over $6.5 million available. Tax increment 12/29/99C:1 008- AB12901MOORPARKIMOORPARKIMPPCAN .v2.WPD �i ; TAOWL 4 " QP4 NEXUS TO BLIOIiT ELIMINATION' PHYSICAL CONDITIONS SUMMARY ECONOMIC CONDITIONS SUMMARY INFRASTRUCTURE ABNORMAL ABNORMAL GOALSZ IRREGULAR BUSINESS CONDITIONS, UNSAFE UNECONOMIC USE INCOMPATIBLE SHAPED INADEQUATELY DEPRECIATED OR STAGNANT PRESENCE OF HAZARDOUS ABANDONED EXCESSIVE INADEQUATE PUBLIC BUILDINGS OF BUILDINGS LAND USES SIZED PARCELS ROPERTY VALUES SUBSTANCES VACANT LOTS IMPROVEMENTS Encourage and aid economic development in the Project Area • • • • • • • Make improvements to Project Area infrastructure and Public Facilities which Benefit the Project Area • • • • • • • Increase the Supply of Very Low -, Low- and Moderate - Income Housing Opportunities, both for Ownership and Rental Markets3 • • • • • • CCRL Section 33490(a)(1)(A). not shown here. For purposes of this matrix, attainment of Agency goals assumes realization of each of those objectives previously defined in Section IV of this Implementation Plan. =Dosn his Goal statement is found in Section VI of this Implementation Plan. 12/291990:1008 -AB 1 290\MOORPARK\MOORPARKIMPPLAN.V2.WPD TABLE 5 PROJECTED GENERAL REDEVELOPMENT FUND PROGRAM RECEIPTS AND EXPENDITURES' PROGRAM CATEGORY' FISCAL YEAR TOTAL 1999 -003 2000 -01 2001 -02 2002 -03 2003 -04 YEARLY BEGINNING BALANCE $6,533,435 $4,2$6,217 $2,288,762 $1,884,022 $1,336i740 n ..,,. Estimated Receipt A. Tax Increment" 1,254,250 1,340,850 1,426,659 1,515,149 1,543,149 $,71079,951 B. Interest Income 326,672 214,311 114,438 94,201 66,837 $816,459 C. Bond Proceeds TOTALAVAILA13LE $8,114,357 $5,841,378 $3,829,859 $3,493,266 $2,946,726 Estimated Expenditures5 A. Economic Development' 130,366 495,000 575,000 675,000 800,000 $2,675,366 B. Infrastructure 141,000 194,000 300,000 400,000 500,000 $1,535,000 C. Public Facilities D. Administration 435,174 443,877 452,755 461,810 471,046 $2,264,663 E. Debt Service 1. City Loan $2,500,000 $1,800,000 $4,300,000 2. Bond Debt $621,600 $619,738 $618,082 $619,716 $620,620 $3,099,756 TOTAL $3,828,140 $3,552,615 $1,945,837 $2,156,526 $2,391,666 YEARLY ENDING BALANCE $4,266,217 $2,286,762 $1,804,022 $1,336,740 $555,060 Complies with CCRL § 33490(a)(1)(A) Z See Table 7 for LMI Fund Receipts and Expenditures Projections. 3 Beginning fund balance from draft, June 30, 1999 financial statements. " Calculated using a 2% annual growth rate factor. ° From Agency's FY 1999 -00 Budget, with estimated amounts thereafter. ° Includes payments for contractual services. 12129/990:\ 008 -AB 1290 \MOORPARK\MOORPARKIMPPLAN.V2. WPD 10 and interest income brings this amount to somewhat over $8 million available in FY 1999 - 00. Of this $8 million, however, the Agency is scheduled to repay $2.5 million of its debt to the City, $622,000 in debt service payments and $435,000 in administration. Current budget estimates for general redevelopment fund expenditures in FY 1999 -00 for programs and projects, including contractual services, equals approximately $271,000. In FY 2000 -01 the Agency is scheduled to repay the balance of its debt to the City ($1.8 million).and approximately the same for debt service and administration as in FY 1999 -00. However, for FY 2000 -01, the Agency has projected a dramatic increase in funds available for programs and projects, including contractual services, to the amount of $733,000. During FY 2001 -02 through 2003 -04 the Agency is projecting a steady increase in expenditure for programs and projects, including contractual services, while keeping administration and debt service expenditures relatively constant. In spite of increasing expenditures, the Agency projects a healthy $555,060 available in its redevelopment general fund at the end of this five -year planning period. PROJECTS AND PROGRAMS Based upon the Goals and Objectives outlined above, and the available funds over the term of this Implementation Plan as shown in Table 5, the Agency has identified the following projects that it plans to initiate or continue over the next five fiscal years. It should be noted that many projects a redevelopment agency engages in are dependent upon private market involvement and, as such, their initiation and completion are not wholly controlled by the Agency. LIST OF PROGRAMS AND PROJECTS The six programs listed below focus on two aspects of the Project Area which the Agency intends to address over the term of this Implementation Plan: i) a revitalization of the downtown area, and ii) infrastructure improvements throughout the Project Area. The Agency has already commissioned its market feasibility plan for downtown and now intends to implement that plan. The implementation of that plan will continue to alleviate blight in the downtown area as described in the Report to Council. The infrastructure improvements described below will continue the process of alleviating blight throughout the Project Area. Downtown Parking Improvements: The Agency has budgeted $75,000 in FY 2001 -02 for improvements to land currently owned by the Agency to provide off - street parking in support of the existing and proposed retail and office uses along High Street and Moorpark Avenue. These improvements will include paving, striping and landscaping of the parking lots. 2. Downtown revitalization: Based on the "Downtown Market Feasibility Study" funded by the Agency (please see Item 21, Table.2), the Agency will initiate and implement a property acquisition, assembly and disposition program to attract commercial (both retail and commercial uses) and public facilities 12/29/990:1 008- AB1290W IOORPARK\MOORPARKIMPPLAN.V2.WPD 11 uses 3. The program will commence during FY 1999 -00 and continue during the entire term of this Implementation Plan. The Agency will focus on the disposition of property it has acquired as well as land which is currently vacant or underutilized. Funding projections for a property acquisition and disposition program are very difficult to make; therefore the Agency has projected up to $1.5 million for this program over the next five years. 3. Storm Drain Improvements: Along Shasta Avenue and at various other locations within the Project Area, the Agency will provide improvements (including repairs, increased capacity and new construction, as appropriate) to the storm drain system. The Shasta Avenue work is budgeted at $200,000 and scheduled to occur in FY 2003 -04; the balance of work program is projected to cost up to $1 million and is scheduled to be completed in phases during the term of this Implementation Plan. These improvements will benefit the entire Project Area and specifically residential uses (along Shasta Avenue) and office and retail uses. 4. Street Widening: The Agency will widen Spring Road from south of Charles Street to High Street during FY 2001 -02 for a projected amount of $200,000. Most of the cost will be borne by developers of adjacent properties. Improvements will include sidewalks, curbs and gutters, landscaping and hardscape improvements. 5. General Infrastructure Improvements to the Downtown: The Agency has projected the expenditure of approximately $60,000 to provide sidewalk repairs and improvements along High Street and Moorpark Avenue in the downtown area. These improvements will include landscaping, hardscape improvements, planters, curbs and gutters. The work is scheduled to occur during FY 2001 -02. 6. Business Loan Program: The Agency anticipates a major business loan program for the downtown -area during the 5 -year term of this Implementation Plan. This program will be funded with $500,000 for use as loans for structural improvements (including the rehabilitation of structures constructed with unreinforced masonry), and capital expenditures. DESCRIPTION OF HOW PROGRAMS AND PROJECTS ELIMINATE BLIGHT IN THE PROJECT AREA Section 33490(a)(1)(A) of the CCRL also requires that the implementation plan prepared by each agency provide an explanation of how the program and expenditures will eliminate blight within the project area. Table 6 on page 13 shows the relationship of the proposed projects /program categories to the eradication of remaining blight, as defined in Sections 33030 and 33031 of the CCRL, within the Project Area. 3 Relocation of a fire station to the downtown has been initiated. 12/29/99C: 1008- AB1290\ MOORPARKIMOORPARKIMPPLAN.V2.WPD 12 TABLE 6" PROGRAM AND EXPENDITURES NEXUS TO BLIGHT ELIMINATION' PHYSICAL CONDITIONS SUMMARY ECONOMIC CONDITIONS SUMMARY INFRASTRUCTURE ABNORMAL BUSINESS PROGRAMS & EXPENDITURES' UNSAFE BUILDINGS UNECONOMIC ;USE OF BUILDINGS&OTS INCOMPATIBLE LAND USES IRREGULARLY SHAPED INADEQUATELY SIZED PARCELS DEPRECIATED OR STAGNANT PROPERTY VALUES PRESENCE OF HAZARDOUS SUBSTANCES CONDITIONS, ABANDONED BLDGS, EXCESSIVE VACANT LOTS INADEQUATE PUBLIC IMPROVEMENTS Economic Development • • • Infrastructure • • Affordable Housing • • • • 'Complies with CCRL Section 33490(a)(1)(A). 2 Reference Section V, proposed Agency Programs and Related Expenditures for a projected expenditures analysis and estimated cost for each program. 12/29/99C:\ 008- AB1290 \MOORPARK\MOORPARKIMPPLAN.V2. WPD 13 VI. AGENCY PRODUCTION, IMPROVEMENT AND PRESERVATION OF AFFORDABLE HOUSING AGENCY COMPLIANCE REQUIREMENTS One of the fundamental goals of redevelopment in California is the production, improvement and preservation of a participating community's supply of housing affordable to very low -, and low- and moderate - income households. This goal is accomplished, in part, through the compliance with four different, but interrelated requirements imposed on redevelopment agencies by the CCRL. The requirements are as follows: • An agency must use at least 20 percent of tax increment revenue to increase, improve and preserve the supply of very low -, and low- and moderate- income housing in the community (CCRL Section 33334.2); • An agency must replace, in equal or greater number, very low -, and low - and moderate- income housing units and bedrooms which are destroyed or removed as a result of a redevelopment project (the "replacement rule," CCRL Section 33413[a]); • An agency must ensure that a fixed percentage of all new or substantially rehabilitated dwelling units developed by an agency are affordable to very low -, -low- and moderate income persons and families (the "inclusionary rule," CCRL Section 33413[b][1]); • An agency must ensure that a fixed percentage of all new and substantially rehabilitated dwelling units developed within the project area by public or private entities or persons other than the Agency are affordable to very low -, low- and moderate- income persons (the "inclusionary rule," CCRL Section 33413[b][2])• CCRL Section 33413(b)(4) requires that, as part of an Implementation Plan, the Agency shall adopt a plan to comply with the requirements of the inclusionary rule. In addition, CCRL Sections 33413.5 and 33334.5 require replacement housing plans for compliance with the replacement rule. THE "REPLACEMENT RULE" Section 33413(a) of the CCRL requires that whenever dwelling units housing persons and families of low- or moderate income are destroyed or removed from the very low -, low- and moderate- income housing market as part of a redevelopment project subject to a written agreement with the agency or having been provided financial assistance by an agency, the agency shall, within four (4) years of the removal of the dwelling units, cause to be developed an equal number of replacement dwelling units which have an equal or greater number of bedrooms as those destroyed or removed units at affordable housing costs within the territorial jurisdiction of the agency. 12/29/99C: 1008- AB12901MOORPARKWOORPARKIMPPLAN .V2.WPD 14 For affordable units removed prior to September 1, 1989, replacement units must be available at an affordable housing costa to persons and families of low- and moderate - income (very low- income levels excluded therein) without regard to the specific income of the person or family originally occupying the removed dwelling unit. However, for units removed after September 1, 1989, California law requires that 75 percent of the replacement units must be affordable to the same income groups, inclusive of very low - income levels, that occupied the units removed or destroyed. THE "INCLUSIONARY RULE "5 CCRL Section 33413(b)(1) requires that at least 30 percent of all dwelling units directly developed by a redevelopment agency shall be available at affordable housing cost to persons and families of low or moderate- income, and not less than 50 percent of the units shall be available at affordable housing to very low - income households. No residential units have been directly developed by the Redevelopment Agency either inside or outside the Project Area since the adoption of the Redevelopment Plan. Section 33413(b)(2) of the CCRL requires that at least 15 percent of all dwelling units developed within a project area by public or private entities or persons other than the redevelopment agency shall be available at affordable housing cost to persons and families of low- or moderate- income, and not less than 40 percent of the affordable units shall be available at affordable housing cost to very low- income households. To illustrate the inclusionary rule in terms of numbers, of every 100 dwelling units developed or rehabilitated by entities other than the agency, 15 shall be affordable, with nine affordable to persons of low -or moderate- income, and six available to persons of very low- income. To satisfy this requirement an agency may cause, by agreement or regulation, to be available at affordable housing costs to persons and families of low -or moderate- income, or to very low= income households, two units outside a project area for each unit that otherwise would have had to be available inside a project area. TERMS OF AFFORDABILITY CCRL Section 33413(c) requires that replacement and inclusionary units shall remain available at affordable housing cost to the income levels indicated for the longest feasible time, which includes but is not limited to unlimited duration and is no shorter than the effectiveness of the land use controls in the Redevelopment Plans ° As defined in Health and Safety Code Sections 50052.5 and 50053. s This legislation, as currently written, will expire January 2001 unless re- enacted 6 CCRL Section 33334.3(f states that when new or substantially rehabilitated housing units are developed or assisted with money from an agency's 20 percent affordable housing set -aside fund, the agency shall require that those housing units remain affordable for the longest feasible time, but for not less than 15 years for rental units or 10 years for owner - occupied units. Please note that while Agency expenditures pursuant to CCRL Section 33334.3(0 are appropriately expended from the LMI fund, they do not provide the Agency with any "replacement' or Inclusionary" credits. 12/29/99C: 1008- AB1290W IOORPARKIMOORPARKIMPPLAN.V2.WPD 15 DEFINITION OF AFFORDABLE HOUSING Most governmental programs define housing as affordable when the household is paying no more than 30 percent of household income for housing. In addition, a median income based on household size, is assessed for each county within the state. Since governmental programs are intended to provide affordable housing for specific income groups, target groups of very low (50 percent of County median income), low (80 percent of County median income) and moderate (120 percent of County median income) are also calculated. INCLUSIONARY HOUSING PLAN REQUIREMENT CCRL Section 33413(b)(4), requires each redevelopment agency to adopt a compliance plan to be included as part of the implementation plan required by Section 33490, indicating how the agency will comply with the requirements of the inclusionary rule; the compliance plan must be consistent with the Housing Element of the City's General Plan. The compliance plan shall be reviewed and amended at least every five years, in conjunction with either the Housing Element cycle or the plan implementation cycle. The compliance plan must ensure that the requirements of 33413(b) are met every ten years. CCRL Section 33490(a)(2)(B) requires that for each project area to which subdivision (b) of Section 33413 applies, the Section addressing the agency- developed and project area housing shall contain: (i) Estimates of the number of new, substantially rehabilitated or price - restricted residential units to be developed or purchased within one or more project areas, both over the Life -of- the -plan and during the next ten years. (ii) Estimates of the number of units of very low -, low -, and moderate - income households required to be developed within one or more project areas in order to meet the requirements of paragraph (2) of subdivision (b) of Section 33413, both over the Life -of- the -plan and during the next ten years. (iii) The number of units of very low -, low -, and moderate- income households which have been developed within one or more project areas which meet the requirements of paragraph (2) of subdivision (b) of Section 33413. (iv) Estimates of the number of agency developed residential units which will be developed during the next five years, if any, which will be governed by paragraph (1) of subdivision (b) of Section 33413. (v) Estimates of the number of agency developed units for very low -, low -, and moderate- income households which will be developed by the agency during the next five years to meet the requirements of paragraph (1) of subdivision (b) of Section 33413. 12/29/99C:\ 008- AB1290 \MOORPARKNOORPARKIMPPLAN.V2.WPD 16 CCRL Section 33334.4 provides that over the duration of the redevelopment plan, the LMI Fund shall be used to assist housing for persons of low- and very low-income in at least the same proportion as the total number of housing units needed for those income groups which are not being provided by other governmental programs bears to the total number of units needed for persons of moderate -, low- and very low- income within the community. USE OF FUND MONIES OUTSIDE THE PROJECT AREA CCRL Section 33334.2(g) makes provision for redevelopment agencies to use funds from their LMI Fund outside of a redevelopment project area if the redevelopment agency and the city council find that use of these funds outside the project area will be of benefit to the project. The Agency and City Council have adopted the prerequisite resolutions that enable the Agency to use its LMI Fund monies outside of the Project Areas. However, CCRL Section 33413(b)(2)(A)(ii) provides that dwelling units developed by the Agency outside a project area by agreement or regulation which are to be credited towards inclusionary requirements require two such units for each unit that otherwise would have had to be available inside a project area. V. SECTION 33413(b)(4) COMPLIANCE PLAN Section 33334.2 of the CCRL requires that 20 percent of all tax increment generated from within the Project Area be deposited into the LMI Fund. The Agency has regularly made the required contribution into the LMI Fund. As stated earlier, the purpose of the LMI Fund is to increase, improve and preserve the community's supply of very-low, low- and moderate income housing available at affordable housing cost. 1999 - 2004 AFFORDABLE HOUSING GOAL AND OBJECTIVES The Agency's housing goal and objectives for the term of this Implementation Plan are set forth below. Please note that Goals I and II the non- housing goals, are set forth above on pages 7 and 8 of this Implementation Plan. GOAL NO. III INCREASE THE SUPPLY OF VERY LOW -, LOW- AND MODERATE- INCOME HOUSING OPPORTUNITIES, BOTH FOR OWNERSHIP AND RENTAL MARKETS OBJECTIVES: 111.1 Promote and participate in public/private partnerships with non - profit and for profit developers and /or property owners to rehabilitate existing rental units for very-low and low - income households. 111.2 Develop and implement owner- occupied, revolving loan program(s) for low - and moderate- income households. 111.3 Increase the number of senior rentals at all income levels. 12/29199C:\ 008- AB1290VNOORPARK UNOORPARKIMPPLAN.v2.WPD 17 111.4 Work with property owners and the development community to identify in fill parcels and to develop housing units for very low -, low -, and moderate - income households. 111.5. Work with the City to require new developments outside of the Project Area to assist the Agency in meeting the Goal by contributing financing and /or inclusionary units intended for low- and moderate- income households. LOW- AND MODERATE - INCOME HOUSING FUND Section 33490(a)(2)(A)(i) of the CCRL requires that each agency show the amount of money available in the LMI Fund and the estimated amounts which will be deposited in the LMl Fund during each of the next five years. Estimated tax increment deposits are equal to 20 percent of the projected gross tax increment for the Project Area, based on a two percent estimated annual increase in assessed valuations. Section 33490(a)(2)(A)(ii) of the CCRL requires that an agency provide, in addition to the estimate of the number of new, rehabilitated, or price restricted units to be assisted, an estimate of the expenditures of monies from the LMI Fund during each of the five years. Table 7 is included herein for the purpose of providing the required analysis. Table 7 shows the Agency beginning the 1999 -2004 planning period with a LMI Fund balance of $1,2273,206 During fiscal year 1999 -00, the Agency will allocate $450,000 for LMl programs and projects and $81,645 for Agency administration costs. Additionally, throughout the 5 -year period covered by this Implementation Plan, the Agency has allocated approximately $155,000 per year for debt service payments from the LMI Fund. Agency projected expenditures during FY 2000 -01 through FY 2003 -04 for programs and projects equal approximately $1,000,000 per year. The Agency estimates a fiscal year 2003 -04 ending LMI Fund balance of slightly over $960,000. The Agency's expenditures on affordable housing programs will meet or exceed the 20 percent requirement established by CCRL Section 33334.2. PROJECTS AND PROGRAMS Based upon the affordable housing Goal and Objectives outlined above, and the available funds over the term of this Implementation Plan as shown in Table 7, the Agency has identified the following projects that it plans to initiate or continue over the next five fiscal years. It should be noted that many projects a redevelopment agency engages in are dependent upon private market involvement and, as such, their initiation and completion are not wholly controlled by the Agency. Furthermore, many of the below listed programs depend upon private home owners' willingness to assume additional debt, albeit "soft" debt, or willingness to encumber the resale of their homes pursuant to covenants required by the Agency. Each of the programs or projects outlined below implements the Agency's affordable housing goal (Goal I11) and one or more of its affordable housing Objectives (Objectives 111.1 through 111.4). 12/29 /99C: 1008- AB1290U NOORPARKWIOORPARKIMPPLAN.V2.WPD 18 TABLE 7 ESTIMATED AGENCY LMI FUND RECEIPTS AND EXPENDITURES FISCAL YEAR 1990 -00 THROUGH FISCAL YEAR 2903 -04' FUND ACTIVITY Fiscal Year 1999 -00 2000 -01 2001 -02 2002 -03 2003 -04 TOTAL Yearly Beginning Balances $1,273,2062 $1,021,244 $935,209 $952,507 $1,679,652 Estimated Receipts A. Tax Increment 372,200 488,393 603,528 $722,117 759,827 $2,946,065 B. Interest Income 62,883 62,785 52,234 $45,599 68,206 $291,707 C. Proceeds of Land Sale 500,0003 500,0003 500,0003 $1,500,000 D. Other $300,0004 $900,0005 1 $1,200,000 Total Available $1,708,289 $2,072,422 $2,390,971 $3,120,223 $2,507,685 Estimated Expenditures A. LMI Programs & Projects 450,000 900,000 1,200,000 1,200,000 1,300,000 $5,050,000 B. Administration 81,645 83,278 84,943 86,642 88,375 $424,883 C. Bond Debt Service 155,400 153,935 153,521 153,929 154,155 $770,980 Total Expenditures $687,045 $1,137,213 $1,438,464 $1,440,571 $1,542,530 $6,245,823 Yearly Ending Balance $1,021,244 $935,209 $952,507 $1,679,652 $965,155 ' Complies with CCRL Section 33490(a)(2)(A)(i) and (ii). Y Beginning fund balance from RDA June 30, 1999 financial statements and 1998 -99 Annual Statement. This amount represents the total fund balance of $2,913,490 less advances for rehabilitation loans in the amount of $140,284, and land held for sale ($1,500,000). 3 Gisler land sales. 4 From Far West Homes that will be developed in FY 2001 -02. 5 See footnote 12 in Table 17 on page 33. 12/29/99C: \008 -AB 12901MOORPARK \MOORPARKIMPPL AN.v2. WPD 19 List of Programs and Projects Housing Rehabilitation Loan Program: This program provides home improvement loans within the Project Area. The most common repair has been re- roofing, followed by exterior painting and plumbing repairs. Loans can be up to $20,000 and are available to very low- and low- income persons and families. Loans in the very low- income category are at 0 percent interest with the principal amount due on sale or change in ownership. Loans in the low- income category are at 3 percent and are amortized over 10 years.' The Agency has projected annual costs for this program to equal approximately $300,000 per year. 2. Mobile home Rehabilitation Loan Program: In October, 1998 the Agency established its mobile home rehabilitation loan program which is similar to the housing rehabilitation program except that the loan limit is $6,500 with the possibility of an increase to $9,750 for special circumstances. Loans in the very low- income category are for 0 percent interest with a 10 -year call, those in the low- income category are for 3 percent interest amortized over 7 years. Commencing in FY 2000 -01 and annually thereafter, the Agency projects expending $150,000 per year on this program. 3. First Time Homebuyer Program: The Agency is proposing to initiate a First Time Homebuyer Program in FY 2001 -02 and is anticipating assisting 7 units per year thereafter. The Agency has projected a need for approximately $140,000 per year for this program. 4. New Construction: As shown in Table 17 on page 33, the Agency is projecting that it will cause the income restriction of 112 new units over the term of this Implementation Plan commencing in FY 2000 -01. The Agency anticipates receiving $300,000 from the Far West Homes development in FY 2001 -02 and $900,000 from the Pacific Communities Costa Bella development in approximately FY 2002 -03. The Agency intends to use the balance of its LMI Fund funds reserved for programs and projects (commencing in FY 2000 -01 and including the $300,000 and $900,000 projected to be received in FY 2001 -02 and FY 2002 -03) to assist developers in financing the restrictive covenants necessary to assure that the 112 units are income restricted in a manner sufficient for the Agency to secure appropriate "inclusionary" credits. Housing rehabilitation loans for structures outside the Project Area are made with City funds through the City's Affordable Housing Trust f=und. 12/29/990 :\ 008- AB1290\ MOORPARK\MOORPARKIMPPLAN.V2.WPD 20 f TABLE 8 PROGRAM AND EXPENDITURES NEXUS TO SIGHT ELIMINATION' PHYSICAL CONDITIONS SUMMARY ECONOMIC CONDITIONS SUMMARY INFRASTRUCTURE ABNORMAL - BUSINESS PROGRAMS & EXPENDITURES UNSAFE - UNECONOMIC ;USE OF INCOMPATIBLE LAND IRREGULARLY SHAPE/D INADEQUATELY SIZED DEPRECIATED OR STAGNANT PROPERTY PRESENCE OF HAZARDOUS CONDITIONS, ABANDONED SLOGS, EXCESSIVE VACANT INADEQUATE PUBLIC BUILDINGS BUILDINGS/LOTS USES PARCELS VALUES SUBSTANCES LOTS IMPROVEMENTS Housing Administration . • Rental Rehabilitation . . . • Mobile home Rehabilitation • . . • • First -Time Homebuyer • . . • • • New Construction (including senior complex) Complies with CCRL Section 33490(a)(1)(A). 12/29/99CA008 -AB 1290WtOORPARKUNOORPARKIMPPLAN. V2. WPD 21 NEXUS BETWEEN EXPENDITURE FOR HOUSING PROJECTS AND PROGRAMS AND BLIGHT ELIMINATION CCRL Section 33490(a)(1)(A) requires that the implementation plan prepared by each agency provide an explanation of how the programs and expenditures outlined above for affordable housing programs will eliminate blight within the Project Area. Table 8 on the proceding page shows this relationship. Please note that Table 6 above provides this same information for non - housing projects and programs. CURRENT STATUS OF AGENCY AFFORDABLE HOUSING COMPLIANCE (1995 -1999) The information presented on Tables 9 through 13 represents analysis of the Agency's compliance with CCRL affordable housing mandates during the time period covered under the Initial Implementation Plan (FY 1995 -96 through FY 1998 -99). Agency accomplishments prior to FY 1995- 96were described in the Initial Implementation Plan and the Initial Update. Table 9: As shown in Table 9, the Agency did not destroy or remove any affordable units from the Project Area. Therefore, the Agency has no "replacement" rule obligation. Table 10: As shown in Table 10, to date the Agency has not directly developed or substantially rehabilitated any units inside the Project Area. Table 11: As shown in Table 11, to date the Agency has not directly developed or substantially rehabilitated any units outside the Project Area. Table 12: As shown in Table 12, during and before the 1994 -1999 planning period, only 15 units were developed or substantially rehabilitated within the Project Area by others than the Agency, with or without Agency assistance. None of these units were income restricted pursuant to Section CCRL 33413. Table 12 also shows very little residential development activity in the Project Area up to the present, resulting in a moderate "inclusionary" deficit of one (1) very low- income unit and two (2) low- and moderate- income units at the beginning of this Implementation Plan's planning period. Table 13: Table 13 shows the total number of Agency - assisted units which both can be counted toward the Agency's "inclusionary" requirements (Columns 1 through 3) and those which cannot (Columns 4 through 8). Although the Agency has assisted 28 housing units during the term of the Initial Implementation Plan, none of these units carried restrictive income covenants of a time period sufficient for them to qualify for the Agency's inclusionary deficit of one very low- and two low- income units. 12/29/99C: 1008- AB12901NIOORPARK \MOORPARKIMPPLAN.\ 2.WPD 22 12/29/99C:\ 008- AB1290\ MOORPARKWIOORPARKIMPPLAN.V2.WPD 23 TAELE 9 TOTAL a „�T;AXRQYED OR REMOVED PURSUANT TO AGENCY INVOLVEMENT AND INVENTORY OF REPLACEMENT QWELLING UNITS PROVIDED, PROJECT ADOPTION THROUGH JUNE 1999' FISCAL NO. OF UNITS DESTROYED OR REMOVED AFFECTING TOTAL NO. DESTRUCTION/ NO. OF UNITS REHABILITATED, DEVELOPED, OR CONSTRUCTED°asa+ YEAR BEDROOMS DESTROYED OR REMOVED REMOVAL SUBJECT TO (a,br TOTAL NO. BEDROOMS VERY LOW s LOW LOW -MOD VERY LOW LOW LOW -MOD INCOME INCOME INCOME' sr TOTAL -• INCOME INCOME INCOME TOTAL PROVIDED' BALANCE FORWARD' 1994 -95 1995 -96 NO ACTIVITY 1996 -97 1997 -98 1998 -99 TOTAL Complies with CCRL Section 33413(a), (c), (d)(1), and 33334.5. The Agency shall require that the aggregate number of replacement units remain available at affordable housing costs to persons and families of low -, moderate -, and very low- income households for the longest feasible time, as determined by the Agency, except as provided for in CCRL Section 33413(c)(1)(2). 2 Balance forward from Project Area adoption. ° As defined by Health & Safety Code Section 50105 - - As defined by Health & Safety Code Section 50079.5 s As defined by Health & Safety Code Section 50093 ° ' From low- or moderate - income housing market, as part of a redevelopment project. If units planned for destruction or removal, locations for suitable replacement units must be identified. Replacement units must be provided within four years of removal or destruction. ° a. Written agreement with Agency. b. Financial assistance provided by Agency. ° 10 Within territorial jurisdiction of Agency; must be an equal number of replacement units as those destroyed or removed provided within four years of removal. When units are destroyed or removed after 9 /1/89, 75% of the replacement units shall replace dwelling units available at affordable housing cost in the same level of very low- income households, lower- income households, and persons and families of low- and moderate - income, as the persons displaced from those displaced units. Reference CCRL Section 33413(c) for applicable covenants. 12 Must be an equal or greater number of bedrooms as those removed or destroyed. 12/29/99C:\ 008- AB1290\ MOORPARKWIOORPARKIMPPLAN.V2.WPD 23 TABLE 10 TOTAL UNITS DEVELOPED AND SUBSTANTIALLY REHABILITATED INSIDE PROJECT AREA ftE TLY BY AGENCY, PROJECT ADOPTION THROUGH JUNE 1999' TYPE OF CONSTRUCTION UNITS MADE AVAILABLE AT CUMULATIVE PROJECT AFFORDABLE HOUSING COST' AREA STATUS FISCAL 1 2 3 VERY LOW' LOW - MODERATE$ DEFICIT SURPLUS DIFFERENCE'-' YEAR (IF ANY) (IF ANY) (DEFICIT [ -]) /(SURPLUS [ +]) NEW SUBSTANTIAL REHAB' REQUIRED TO ACTUAL REQUIRED ACTUAL CONSTRUC- TION TOTAL BE 15% OF UNITS TO BE 15% OF UNITS VERY LOW LOW -MOD VERY LOW LOW -MOD VERY LOW LOW -MOD MULTI - FAMILY SINGLE FAMILY COLUMN 3 RESTRICTED COLUMN 3 RESTRICTED BALANCE ; FORWAR62 1994 -95 NO ACTIVITY 1995 -96 1996 -97 1997 -98 1998 -99 TOTALS ' Compliance with Sections 33413(b)(1) & (c), 33490(a)(2)(A)(ii) & 33413(d)(1). The Agency shall require that the aggregate number of inclusionary units remain available at affordable housing costs to persons and families of low -, moderate, and very low- income households for the longest feasible time, as determined by the Agency, except as provided for in CCRL Section 33413(c)(1)(2). New and /or substantially rehabilitated units may be aggregated in one or more Project Areas, subsequent to findings pursuant to CCRL Section 33413(b)(2)(A)(v). The Agency may cause, by agreement or regulation, to be available, at affordable housing costs, to persons and families of low -, moderate- or very low- income households, two units outside the Project Area for each unit that otherwise would have had to be available inside the Project Area. If this provision is applicable inclusionary credit must be calculated accordingly in the % of units made available at affordable income levels. x Balance forward from Project Area adoption. ' Substantial Rehabilitation means rehabilitation, the value of which constitutes 25% of the after rehabilitation value of the dwelling, inclusive of the land. Inclusionary obligation only arises when multi - family rental units with 3 or more units are substantially rehabilitated, or when single family units with 1 or 2 units are substantially rehabilitated using Agency assistance. ' As defined by Health & Safety Code Section 50105. e As defined by Health & Safety Code Section 50079.5. Low - Moderate as defined by Health & Safety Code Section 50093. e Calculated on a cumulative year -to -year basis. ' See Table_ for projection of LMI Fund expenditures (CCRL Sections 33413(b)(1) and (2) and 33334.2 and /or 33334.6). 12/29/990:\ 008- AB1290\ MOORPARK\MOORPARKIMPPLAN.V2.WPD 24 TABLE 17 TOTAL. UNITS QEY L�S��ER:ANP SUB�STANTIALL.Y REHABILITATED OUTSIDE PROJECT AREA DIRECTLY BY ADEN: -r :. PROJECT ADOPTION THROUGH JUNB199$ TYPE OF CONSTRUCTION UNITS MADE AVAILABLE AT AFFORDABLE HOUSING COST' CUMULATIVE PROJECT AREA STATUS 1 2 3 VERY LOW` LOW - MODERATES DEFICIT (IF ANY) SURPLUS (IF ANY) DIFFERENCES' (DEFICIT + /(_) SURPLUS) FISCAL YEAR NEW SUBSTANTIAL REHABS REQUIRED ACTUAL REQUIRED ACTUAL CONSTRUC- TION TO BE 15% OF UNITS TO BE 15% OF UNITS VERY LOW LOW -MOD VERY LOW LOW -MOD VERY LOW LOW -MOD MULTI - SINGLE FAMILY FAMILY COLUMN 3 RESTRICTED COLUMN 3 RESTRICTED BALANCE FORWARD$ 1994 -95 NO ACTIVITY 1995 -96 1996 -97 1997 -98 1998 -99 Totals ' Compliance with Sections 33413(b)(1) & (c), 33490(a)(2)(A)(ii) & 33413(d)(1). The Agency shall require that the aggregate number of inclusionary units remain available at affordable housing costs to persons and families of low -, moderate -, and very low- income households for the longest feasible time, as determined by the Agency, except as provided for in CCRL Section 33413(c)(1)(2). Agency must have made findings pursuant to CCRL Section 33334.2(g) to develop units outside Project Area. New and/or substantially rehabilitated units may be aggregated in one or more Project Areas, subsequent to findings pursuant to CCRL Section 33413(b)(2)(A)(v). The Agency may cause, by agreement or regulation, to be available, at affordable housing costs, to persons and families of low -, moderate- or very low- income households, two units outside the Project Area for each unit that otherwise would have had to be available inside the Project Area. If this provision is applicable inclusionary credit must be calculated accordingly in the % of units made available at affordable income levels. z Balance forward from Project Area adoption. ' Substantial Rehabilitation means rehabilitation, the value of which constitutes 25% of the after rehabilitation value of the dwelling, inclusive of the land. Inclusionary obligation only arises when multi - family rental units with 3 or more units are substantially rehabilitated, or when single family units with 1 or 2 units are substantially rehabilitated using Agency assistance. ` As defined by Health & Safety Code Section 50105. S As defined by Health & Safety Code Section 50079.5. Low - Moderate as defined by Health & Safety Code Section 50093. S Calculated on a cumulative year -to -year basis. ' See Table 18 for projection of LMI Fund expenditures (CCRL Sections 33413(b)(1) and (2) and 33334.2 and /or 33334.6). 12/29/99C:1 008- AB1290 \MOORPARK\MOORPARKIMPPLAN.v2. WPD 25 TABLE 12 ALL NQN- AGENCY DEVELOPED AND SUBSTANTIALLY REHABILITATED DWELLING UNITS-- - WITHIN THE PROJECT AREA' PLAN ADOPTION THROUGH JUNE 1999 , NON- AGENCY DEVELOPED UNITS MADE AVAILABLE UNITS DEVELOPED BY OTHERS AT AFFORDABLE HOUSING COST° CUMULATIVE PROJECT AREA STATUS FISCAL VERY LOW' LOW' - MODERATE6 YEAR 1 2 3 REQUIRED TO BE 6% OF ACTUAL UNITS (REQUIRED TO BE 9% OF ACTUAL UNITS ANNUAL DEFICIT (IF ANY) ANNUAL SURPLUS (IF ANY) DIFFERENCE" (DEFICIT [- jJ/(SURPLUS [ +]) NEW SUBSTANTIAL REHABS CONSTRUC- TION TOTAL ( +2) COLUMN 3) RESTRICTED COLUMNS) RESTRICTED MULTI - FAMILY SING LE FAMILY VERY LOW LOW -MOD VERY LOW LOW -MOD VERY LOW LOW -MOD BALANCE FORWARD 1510 15 0.90 0 1.35 0 0.90 1.35 -1 -1 1994 -95 170 110 2 0.12 p 0.18 0 0.12 0.18 -1 -2 1995 -96 o17 112 1 0.06 0 0.09 0 0.06 0.09 -1 -2 1996 -97 o11 0 0 0 0 0 -1 -2 1997 -98 o11 211 2 0.12 0 0.18 0 0.12 0.18 -1 -2 1998 -99 o11 317 3 0.18 0 0.27 0 0.18 0.27 -1 -2 TOTAL 16 7 23 1.38 0 2.07 0 -1 -2 ' Complies with CCRL Section 33413(b)(2) & (c) & (d)(1). The Agency shall require that the aggregate number of replacement units remain available at affordable housing costs to persons and families of low -, moderate -, and very low- income households for the longest feasible time, as determined by the Agency, except as provided for in CCRL Section 33413(c)(1)(2). Data compiled and analyzed by Urban Futures, Inc., in City/Agency staff. conjunction with 2 Balance forward from Project Area adoption. 3 "Substantial Rehabilitation" means rehabilitation, the value of which constitutes 25% of the after rehabilitation value of the unit, inclusive of the land value. Inclusionary obligation only arises when multi - family rental units with 3 or more units are substantially rehabilitated, or when single family units with 1 or 2 units are substantially rehabilitated using Agency assistance. 4 As defined by Health & Safety Code Section 50105 s AS defined by Health & Safety Code Section 50079.5 e As defined by Health & Safety Code Section 50093 7 The Agency may cause, by agreement or regulation, to be available, at affordable housing costs, to persons of low -, moderate- or very low- income households, two units outside the Project Area for each unit that would have had to be available inside the Project Area. otherwise 6 Calculated on a cumulative year -to -year basis. e See Table 7 for projection of LMI Funding expenditures (CCRL Sections 33413(b)(1) and (2) and 33334.2 and /or 33334.6). 10 Source: Table 11; Initial Update 11 Source: Agency document providing information for housing production within and outside the Project Area for FY 1999 -98 through FY 1999 -00. r2. Source: Table 12, Initial Update 12/29/99CA 008 -AB 1290UAOORPARKIMOORPARKIMPPLAN .V2.WPD 26 I TABLE 13 ' i wi '' �' " TUTAI._ACENCY ASSISTED UNITS AND INCLUSIONARY UNITS' RRWEDT AREA ADOPTED THRQUGH JUNE 199 1 2 3 4 5 6 7 8 FISCAL YEAR TOTAL UNITS ASSISTED4! 5 INCLUSIONARY UNITS AVAILABLE PRICE RESTRICTED PRICE RESTRICTED PRICE RESTRICTED REHABED 3 NEW SUBSTANTIAL BOND (NEW ONS T) 2 CONS (SUB REHAB) (EXISTING) CONSTRUCTION REHABILITATION FINANCED OTHER �) ) BALANCE I H- FORWARD 1994 -95 1995 -96 108 10 1996 -97 88 8 1997 -98 57 5 1998 -99 38 3 TOTAL 26 26 Compliance with CCRL Sections 33334.2(a), 33490(a)(2)(A). Includes Agency assisted units inside /outside Project Area; see footnote No. 4. 2 Pursuant to CCRL Sections 33413(b)(2)(8) and (C). 3 Does not include units that are defined as substantially rehabilitated, pursuant to CCRL Sections 33413(b)(2)(A)(iii) and (iv). Agency must have made findings pursuant to CCRL Section 33334.2(8). e Units included in columns 1, 2 and 3 count for inclusionary credits, pursuant to CCRL Section 33413(b)(1) and (2). See 9 and 10 series tables. Units included in columns 4 through 8 do not qualify for inclusionary credit. e Source: Initial Update. Source: Agency document entitled "Action Housing Program Results" for four (4) units and Agency document providing information for housing production both within and outside the Project Area for FY 1997 -98 through 1999 -00 for one (1) unit. e Source: Agency document providing information for housing production both within and outside the Project Area for FY 1997 -98 through 1999 -00 12129/ 99C:\ O08- AB1290 WIOORPARKWIOORPARKIMPPLAN.V2. WPD 27 PROJECTED HOUSING UNITS ANALYSIS Tables 14 through 18 present an analysis of the Agency's housing assistance activities projected to occur within the 1999 -2004 planning period using the programs and methods of assistance described in the other sections of this Implementation Plan. The information contained in these tables, in concert with the other parts of this Implementation Plan, ensure compliance with CCRL Sections 33490, 33413, 33334.2 and /or 33334.6, 33334.3 and 33334.4. The tables represent what is required by law regarding affordability, replacement and inclusionary requirements established in the CCRL and discussed at the beginning of this section of the Implementation Plan. Table 14: Table 14 shows that no (0) units within the Project Area are proposed to be destroyed or removed from the affordable housing market by the Agency during the time period covered by this Implementation Plan. Therefore, the Agency is projected to have no "replacement" requirements over the term of this Implementation Plan. Table 15: This table shows that no (0) units are being proposed for development or substantial rehabilitation directly by the Agency inside the Project Area during the 1999 -2004 planning period. Table 16: Table 16 shows that no (0) units are proposed to be developed or substantially rehabilitated outside the Project Area directly by the Agency during the time period covered by this Implementation Plan. Table 17: Table 17 provides an analysis of all units projected to be constructed or substantial rehabilitated within the Project Area either with or without assistance from the Agency. Please refer to Table 12 for an accounting of information provided in the "Balance Forward" row. Agency staff estimates that there is sufficient market demand, and available, residentially -zoned land, to accommodate the development of approximately 700 new residential units in the Project Area over the term of the Implementation Plan. The bulk of these units, some 638 units, are projected to be constructed in FY 2001 -02 and FY 2002 -03 with the development of three projects: the Far West Condominiums, Pacific Communities single family residences, and the Archstone Communities. As further described in Footnotes 11, 12 and 13 on Table 17, all three of these developments will contain some number of income- restricted units. As shown in the Table, the Agency has projected that fully 112 units (or approximately 16 percent) of these 700 new units will be income restricted. Thirty -four of these units will be restricted to persons and families of very low- income and 78 will be income restricted to persons and families of low- and moderate- income. At the end of the planning period for this Implementation Plan, the Agency has projected that it will have a deficit of 10 very low- income units and a surplus of 13 low- and moderate - income units. The Agency will need to make every effort to reduce the inclusionary deficit in the very low- income category over the term of the third Implementation Plan. 12/29/990:\ 008- AB1290\ MOORPARK \IMOORPARKIMPPLAN.v2.w?0 28 Table 18: This Table summarizes all Agency assistance projected to be provided during the term of this Implementation Plan. Columns 1 through 3 provide information on units which, the Agency assists and requires restrictive agreements which allow the Agency to count them toward its "inclusionary" requirements. The Agency is projecting to provide 112 such units. It is anticipated that the Agency's assistance to developers for new construction of housing tracts identified in Footnotes 11, 12 and 13 on Table 12 will provide these units. Columns 4 through 8 provide information on units which the Agency assists but which it cannot count toward its inclusionary requirements because the restrictions are not of sufficient duration. It is anticipated that the Agency's housing and mobile home rehabilitation programs will provide these units. Based upon the information presented in Tables 14 through 18 above, the Agency is projected to have no inclusionary deficit for low -, and moderate- income units by FY 2003 -04. The Agency is projected to have a 10 unit deficit in the very low - income category (see "Totals" in Table 17). 12/29/990: 1008- AB1290WOORPARKIMOORPARKIMPPIAN .V2.WPD 29 TABLE 14 ESTIMATED NO. OF UNITS TO BE DESTROYED IN THE PROJECT AREA AND ESTIMATED NUMBER OF REPLACEMENT DWELLING UNITS JULY 1999 - JUNE 2004' MONITORING NO. OF UNITS TO BE DESTROYED OR REMOVED AFFECTING TOTAL OF DE NO. OF UNITS TO BE PROJECT AREA STATUS DR BEDROOMS TION/ ION/ REHABED, DEVELOPED, OR CONSTRUCTED' TOTAL DEFICIV-" (IF ANY) SURPLUS (IF ANY) FISCAL YEAR TO BE DESTROYE REMOVAL SUBJECT NO. OF BEDROOMS D TO TO BE VERY- LOW- OR (a, br PROVIDED' LOW INCOME' LOW 4 INCOME MOD INCOME TOTAL REPLACED VERY LOW INCOME LOW INCOME LOW -MOD INCOME TOTALe UNITS BEDROOMS UNITS BEDROOMS BALANCE FORWARD 1999 -00 2000 -01 2001 -02 NONE PROPOSED 2002 -03 2003 -04 TOTALS Complies with CCRL Section 33413(a) & (c), 33490(x)(3). The Agency shall require that the aggregate number of replacement units remain available at affordable housing costs to persons and families of low -, moderate -, and very low- income households for the longest feasible time, as determined by the Agency, except as provided for in CCRL Section 33413(c)(1)(2). 2 From low- or moderate - income housing market, as part of a redevelopment project. If units planned for destruction or removal, locations for suitable replacement units must be identified. ' As defined by Health& Safety Code Section 50105 ' As defined by Health & Safety Code Section 50079.5 5 As defined by Health & Safety Code Section 50093 - 6 a. Written Agreement with Agency. b. Financial Assistance Provided by Agency. ' Within territorial jurisdiction of Agency; must be an equal number of replacement units as those displaced. e Replacement units must be provided within four years of displacement. 5 Mush be an equal or greater number of bedrooms as those removed or destroyed. 10 When units are displaced after 911/89, 75% of the replacement units shall replace dwelling units available at affordable housing cost in the same level of very low- income households, lower - income households, and persons and families of low- and moderate - income, as the persons displaced from those displaced units. " Reference CCRL Section 33413(c) for applicable covenants. 12/29/99C:\ 008- AB1290\ MOORPARKWI00RPARKIMPPLAN.V2.WPD 30 TABLE 15 ESTIMATE OF TO T I, P. NIT TO BE DEVELOPED AND SUBSTANTIALLY REHABILITATED INSIDE PROJECT AREA BY AGENCY' JULY 19919 - JUNE 2094 TYPE OF CONSTRUCTION UNITS MADE AVAILABLE AT AFFORDABLE HOUSING COST' CUMULATIVE PROJECT AREA STATUS 1 2 3 VERY LOW' LOW- MODERATES DEFICIT SURPLUS DIFFERENCE°•' FISCAL (IF ANY) (IF ANY) (DEFICIT [ -]) /(SURPLUS [ +]) YEAR SUBSTANTIAL NEW REHAB' REQUIRED TO BE ACTUAL' REQUIRED TO B ACTUAL CONSTRUCTION TQTAL 15% OF UNITS TO BE 15% OF UNITS TO BE VERY LOW LOW -MOD VERY LOW LOW -MOD VERY LOW LOW -MOD MULTI- SINGLE COLUMN 3 RESTRICTED,' COLUMN3 RESTRICTED FAMILY FAMILY BALANCE FORWARD 1999 -00 2000 -01 2001 -02 NON PROPOSED 2002 -03 2003 -04 TOTALS ' Compliance with Sections 33413(b)(1) & (c), 33490(a)(2)(A)(ii) & 33413(d)(1). The Agency shall require that the aggregate number of inclusionary units remain available at affordable housing costs to persons and families of low -, moderate -, and very low- income households for the longest feasible time, as determined by the Agency, except as provided for in CCRL Section 33413(c)(1)(2). ' "Substantial Rehabilitation" means rehabilitation, the value of which constitutes 25% of the after rehabilitation value of the dwelling, inclusive of the land. Inclusionary obligation only arises when multi- family rental units with 3 or more units are substantially rehabilitated, or when single family units with 1 or 2 units are substantially rehabilitated using Agency assistance. 3 As defined by Health & Safety Code Section 50105 4 As defined by Health & Safety Code Section 50079.5 e As defined by Health & Safety Code Section 50093 ' e Calculated on a cumulative year -to -year basis. ' See Table 7 for projection of LMI Fund expenditures (CCRLSections 33413(b)(1) and (2) and 33334.2 and /or 33334.6). 12/29/990:\ 008- AB1290\ MOORPARK\MOORPARKIMPPLAN.V2.WPD 3 TABLE 16 EST A TOTAL UNITS TO BE DEVELOPED AND SUBSTANTIALLY REHABILITATED OUTSIDE PROJECT AREA BY AGCNCY'' JULY 1999 - JUNE 2004 TYPE OF CONSTRUCTION UNITS MADE AVAILABLE AT AFFORDABLE HOUSING COST CUMULATIVE PROJECT AREA STATUS 1 2 3 VERY LOW LOW'- MODERATE' DEFICIT SURPLUS DIFFERENCEB7 FISCAL (IF ANY) (IF ANY) (DEFICIT [ -]) /(SURPLUS [ +]) YEAR NEW SUBSTANTIAL REHAB2 REQUIRED ACTUAL REQUIRED ACTUAL CONSTRUC- TION TOTAL 15% E UNITS TO .0E TO E UNITS TO BE VERY LOW LOW -MOD VERY LOW LOW -MOD VERY LOW LOW -MOD - MULTI- SINGLE FAMILY FAMILY COLUMN 3 RESTRICTED COLUMN 3 RESTRICTED' BALANCE FORWARD 1999 -00 2000 -01 NON PROPOSED - 2001 -02 2002 -03 2003 -04 TOTALS ' Compliance with Sections 33413(b)(1) & (c), 33490(a)(2)(A)(ii) & 33413(d)(1). The Agency shall require that the aggregate number of inclusionary units remain available at affordable housing costs to persons and families of low -, moderate -, and very tow- income households for the longest feasible time, as determined by the Agency, except as provided for in CCRL Section 33413(c)(1)(2). 2 "Substantial Rehabilitation" means rehabilitation, the value of which constitutes 25% of the after rehabilitation value of the dwelling, inclusive of the land. Inclusionary obligation only arises when multi - family rental units with 3 or more units are substantially rehabilitated, or when single family units with 1 or 2 units are substantially rehabilitated using Agency assistance. s As defined by Health & Safety Code Section 50105 As defined by Health & Safety Code Section 50079.5 s As defined by Health & Safety Code Section 50093 e Calculated on a cumulative year -to -year basis. See Table 7 for projection of LMI Fund expenditures (CCRL Sections 33413(b)(1) and (2) and 33334.2 and /or 33334.6). 12129/99C:k 008- AB1290 \MOORPARK\MOORPARKIMPPLAN.v2. WPD 32 TABLE 17 ESTIMATE OF ALL NON w4GENCY DEVELOPED AND SUBSTANTIALLY REHABILITATEQ DWELLING UNITS WITHIN THE PROJECT AREA' JULY 1999 -JUNE 2804 UNITS REQUIRED TO BE AVAILABLE AT AFFORDABLE HOUSING COST MONITORING NO. OF UNITS DEVELOPED BY OTHERS VERY LOW LOW" - MODERATES FISCAL CUMULATIVE PROJECT AREA STATUS' YEAR 1 2 3 (REQUIRED TO ACTUAL (REQUIRED TO ACTUAL ANNUAL DEFICIT (IF ANY) ANNUAL SURPLUS (IF ANY) DIFFERENCE'' (DEFICIT [ -]) /(SURPLUS ( +]) SUBSTANTIAL REHAB' NEW CC TOTAL BE 6% OF UNITS TO BE, RESTRICTED BE 9% OF UNITS TO BE RESTRICTED TSONU MULTI- SINGLE (1t2) COLUMN 3) COLUMN 3) FAMILY FAMILY VERY LOW LOW -MOD VERY LOW LOW -MOD VERY LOW LOW -MOD BALANCE FORWARD 16 7 23 1.38 2.07 1.38 2.07 -1 -2` 1999 -00 0 0 0 -1 -2 2000 -01 67910 0 67 4.02 4 6.03 12 0.02 5.97 -1 +4 2001 -02 32611, 12 0 326 19.56 5 29.34 29 14.56 .34 -16 +4 2002 -03 31213 0 312 18.72 25 28.08 37 6.28 8.92 -10 +13 2003 -04 0 0 0 -10 +13 TOTAL 1 721 7 728 43.68 34 1 65,52 78 -10 +13 Complies with CCRL Section 33413(b)(2) & (c) & (d)(1). The Agency shall require that the aggregate number of replacement units remain available at affordable housing costs to persons and families of low -, moderate -, and very low- income households for the longest feasible time, as determined by the Agency, except as provided for CCRL Section 33413(c)(1)(2). 2 "Substantial Rehabilitation" means rehabilitation, the value of which constitutes 25% of the after rehabilitation value of the unit, inclusive of the land value. Inclusionary obligation only arises when multi - family rental units with 3 or more units are substantially rehabilitated, or when single family units with 1 or 2 units are substantially rehabilitated using Agency assistance. ' As defined by Health & Safety Code Section 50105 As defined by Health & Safety Code Section 50079.5 s As defined by Health & Safety Code Section 50093 e The Agency may cause, by agreement or regulation, to be available, at affordable housing costs, to persons of low -, moderate- or very low- income households, two units outside the Project Area for each unit that otherwise would have had to be available inside the Project Area. Calculated on a cumulative year -to -year basis. ° See Table 7 for projection of LMI Fund expenditures (CCRL Sections 33413(b)(1) and (2) and 33334.2 and /or 33334.6). e Per Agency staff, Mountain View (Gisler Field),59 units: a single family detached development, will be completed with 4 units restricted to the very low- income category and 11 units restricted to low- and moderate - income persons and families. ° Per Agency staff, Tract 5181, 8 units: a single family detached development with one (1) low- and moderate - income unit. Per Agency staff, Far West Condominium development, 79 units with 5 very low- income, and 7 low- and moderate- income units. 12 Per Agency staff, Pacific Communities Corta Bello development, 247 single family, detached units with 22 low- and moderate - income units. Additionally, approximately $900,000 will be made available to construct other affordable units. 13 Per Agency staff, Archstone Communities, 312 multi - family units, with 25 very low- income units and 37 low- and moderate - income units. 12/29/99CA 008- AB1290WOORPARKIMOORPARKIMPPLAN .V2.WPD 33 TABLE 18 ES 'IM I,.TER TpTAL AGENCY ASSISTED UNITS AND INCLUSIDNARY UNITS AVAILABLE' J�ILa '1 00- ONE 20, 94 1 2 3 4 5 6 7 8 FISCAL YEAR TOTAL UNITS INCLUSIONARY UNITS PRICE PRICE PRICE RESTRICTED (NEW RESTRICTED RESTRICTED REHABED 3 NEW CON- SUBSTANTIAL FIRST TIME OTHER ASSISTED 4 AVAILABLE CONST)2 (SUB REHAB) (EXISTING) STRUCTION REHAB , HOMEBUYER BALANCE F(?RyVARRs 26 26 1999 -00 3 3 2000 -01 16 3 77 26 16 2001 -02 34 4 5 43 34 2002 -03 62 4 5 71 62 2003 -04 4 5 9 TOTALS 112 44 15 7 178 112 1 Compliance with Sections 33334.2(a), 33490(a)(2)(A). Includes Agency assisted units inside/outside the Project Area; see footnote No. 3. 2 Pursuant to CCRL Sections 33413(b)(2)(B) and (C). 3 Does not include units that are defined as substantially rehabilitated, pursuant to CCRL Sections 33413(b)(2)(A)(iii) and (iv). Agency will not receive inclusionary housing credits. However, these rehabilitated units may have to be price- restricted pursuant to CCRL Sections 33334.3(0(1)(A) and (B). Agency must have made findings pursuant to CCRL Section 33334.2(8). s Units included in columns 1, 2 and 3 count for inclusionary credits, pursuant to CCRL Section 33413(b)(1) and (2).Units included in columns 4 through 8 do not 6 for inclusionary Balance forward from Table 13. qualify credit. ' Rental subsidy program for only FY 2000 -01. 12/29/99C: 1008- AB12901MOORPARK \MOORPARKIMPPLAN.V2.WPD 34 EXCESS SURPLUS An excess surplus exists when the unexpended and unencumbered amount in an agency's LMI Fund exceeds the greater of $1 million or the total amount deposited in an agency's LMI Fund during the preceding four years. The first date that an excess surplus could have existed was July 1, 1994. Table 7 shows that the Agency will start the 1999 -2004 planning period with an estimated $1,273,206 in its LMI Fund. The Agency is allowed to adjust the unencumbered LMI Fund balance by subtracting any bond proceeds remaining in the LMI Fund. As a result of this adjustment, the Agency does not currently have an excess surplus. Based upon LMI Fund expenditure projections for the five -year planning period, the Agency will not be affected by an excess surplus situation during this time period. FAIR SHARE HOUSING ALLOCATION In 1980 Assembly Bill 2853 was adopted requiring all councils of governments to develop regional allocations of housing needs for all income categories (fair share of housing) based on regional housing needs The Southern California Association of Governments (SCAG) has determined the housing needs for the City of Moorpark. Table 19 identifies the City's estimated 1998 -2005 housing need by income. This data reaffirms the need for the Agency to assist in the provision of very low -, low -, and moderate - income housing and the nexus to CCRL Section 33334.4. TABLE 19 FAIR SHARE, HOUSING ALLOCATION 1998 -2005 (7.5 YEARSy 1998 -2005 INCOME GROUP NO. OF UNITS % TOTAL Very low (0 - 50% County Median Income) 202 16.7 % Other lower (50 - 80% County Median Income) 141 11.6% Moderate (80 - ,120 %o County Median Income) 237 19.5% Above Moderate (over 120% County Median Income) 633 52.2% TOTAL UNITS 1213 100% Source: Southern California Association of Governments, Regional Housing Needs Assessment Calculator (www.scag.ca.gov). Please note that these numbers are subject to change before final SCAG action. CCRL Section 33334.4 describes the nexus between City and Agency fair share housing requirements by requiring each Agency to expend, over the duration of its redevelopment plans, the monies in the LMI Fund to assist housing for persons of very low- and low - income in at least the same proportion as the total number of housing units needed for those income groups which are not being provided by other governmental programs bears to the total number of units needed for persons of very low -, low- and moderate - income within the community. 12/29/990 :\ 008- AB1290\ MOORPARK\MOORPARKIMPPLAN.V2.WPD 35 TEN -YEAR AND LIFE -OF- THE -PLAN HOUSING REQUIREMENTS Section 33490(a)(2)(B) of the CCRL requires that: (B) For each project area to which subdivision (b) of Section 33413 applies, the section addressing the agency developed and project area housing shall contain: (i) Estimates of the number of new, substantially rehabilitated or price- restricted residential units to be developed or purchased within one or more project areas, both over the Life -of -the -plan and during the next 10 years. (fl) Estimates of the number of units of very low -, low -, and moderate - income households required to be developed within one or more project areas in order to meet the requirements of paragraph (2) of subdivision (b) of Section 33413, both over the Life -of -the -plan and during the next 10 years. As indicated in Table 17, 705 units are expected to be built during the 1999 -2004 planning period. Of these, 34 units are expected to be available to very low- income households and a total of 78 units are expected to be available to low- or moderate - income households. After development of these 705 units there remains in the Project Area only two large parcels that are vacant and residentially zoned. The larger parcel, of approximately 285 acres has over one -third of the proposed development located within the Project Area. The estimated units within this area have not been finalized. The other parcel is owned by the Moorpark Unified School District. The School District considers this a surplus property and has expressed interest in transferring ownership of the property so that housing units can be developed on the site. City Staff estimates that approximately 80 units could be built by a developer on the site pending School District and City approval of necessary land use and zoning changes. In addition to the School District parcel, residential development occurring within the Project Area will be on a parcel by parcel basis consisting of tear down and replacement or other single unit infill developments. Taking this into consideration, Agency staff estimates that no more than 120 additional units could be constructed in the Project Area during the 2004 -2009 planning period. Of the 120 new units which could be constructed, seven (7) units (6% of 120 units) mush be available to very low- income residents and eleven (11) units (9 % of 120 units) must be available to low- or moderate- income residents per the "inclusionary rule" during the 2004 -2009 planning period. For the remaining life of the Redevelopment Plan after 2009, Agency staff estimates that an additional 40 units could be built by developers in the Project Area as a result of tear down and replacement or small infill development. Should this number of units be built over the remaining life of the Redevelopment Plan, the Agency would be responsible for 2 very low- income units (6% of 40 units) and 4 low- or moderate - income units (9 % of 40 units) per the "inclusionary rule ". 12/29/99C:\ 008- AB1290\ MOORPARK\MOORPARKIMPPLAN.v2.WPD 36 CONSISTENCY WITH CITY'S GENERAL PLAN HOUSING ELEMENT Section 33413(b)(4) requires that each agency, "...as part of the Implementation Plan required by Section 33490, shall adopt a [Housing Production] Plan...." Section 33413 (b)(4) requires that "[t]he Plan shall be consistent with ... the community's housing element." Additionally, "[t]he Plan shall be reviewed and, if necessary, [be] amended at least every five years in conjunction with either the housing element cycle or the Plan implementation cycle." Chapter V of the State's General Plan Guidelines (the "Guidelines ") states that the term "'consistent with' " means " 'agreement with; harmonious with.' " The general rule of consistency outlined in the Guidelines is that "[a]n action or a program is consistent with the General Plan if, considering all its aspects, it will further the objectives and policies of the General Plan and not obstruct their attainment." The City's Housing Element currently includes the following goals related to affordable housing: "Overall Goal 2: Adequate provision of housing allowing maximum choice by type, tenure and location with particular attention to the provision of housing for the elderly, low and moderate income families, handicapped and other households identified as having special housing needs. "Section 2 Goal 2: Meet the needs of current residents of the City of Moorpark by upgrading affordable, low and moderate income units through improvement of existing housing units and promoting greater housing affordability. "Section 3 Goal 2: Assist in the development of adequate housing to meet the needs of low and moderate income households. The Housing Element is currently in the process of being updated. In compliance with Section 33490 of the CCRL, the Agency has developed, and included in this Implementation Plan, a series of goals and objectives specific to the Project Area. Included in Section IV is the following housing - specific goal and related objectives: GOAL NO. III INCREASE THE SUPPLY OF VERY LOW -, LOW - AND MODERATE- INCOME HOUSING OPPORTUNITIES, BOTH FOR OWNERSHIP AND RENTAL MARKETS OBJECTIVES: 111.1 Promote and participate in public/private partnerships with non -profit and for profit developers and /or property owners to rehabilitate existing rental units for very-low and low- income families. 12/29/990: 1008- AB1290\ MOORPARK \MOORPARKIMPPIAN.V2.WPD, 37 111.2 Develop and implement owner- occupied, revolving loan program(s) for low- and moderate- income families. 111.3 Increase the number of senior rentals at all income levels. 111.4 Work with property owners and the development community to identify in fill parcels and to develop housing units for very low -, low -, and moderate- income families. Inasmuch as i) the Agency is working to provide affordable housing for all income levels, and most specifically housing for persons of very low -, low and moderate - incomes; ii) the Agency is required to spend no less than 20 percent of all tax increment monies on affordable housing programs; and iii) the Agency has identified, in Section VI of this Plan, those housing projects and programs and the number of dwelling units that it projects to develop, rehabilitate or assist development or rehabilitation of, the Agency hereby determines that its proposed housing five -year goals and objectives, ongoing activities, and housing production plan, as outlined in Section VI of this Plan, are consistent with the housing element of the City's General Plan. VII. CONCLUSION This Implementation Plan describes the programs which are proposed to be undertaken by the Agency during the next five years in order to assist in the alleviation of blighting conditions existing in the Project Area, and to increase the community's supply of affordable housing. Redevelopment is, however, a very fluid process subject to a myriad of changing issues and the forces of market dynamics. For these reasons a provision for review and amendment to the Implementation Plan has been included in redevelopment law. The CCRL requires that the implementation plan be the subject of periodic public review. This review must be held in a noticed public hearing at least once during the five -year period, no earlier than two years and no later than three years after adoption of the Implementation Plan. In addition to the mandated review, the Agency may review and amend the plans, goals, objectives and programs and expenditures (following a noticed public hearing) at any time conditions require such an amendment. 12/29/99C:\ 008- AB12901MOORPARK VMOORPARKIMPPLAN.V2.WPD 38 S Y APPENDIX 1 AGENCY GOALS AND OBJECTIVES AS SET FORTH IN THE INITIAL UPDATE 12/29/99C: \008 -AB 1290 \MOORPARK\MOORPARKIMPPLAN.V2. WPD Goa / No. 1 Work with the City and Chamber of Commerce to preserve and enhance the economic prosperity of the overall community and aid business development and retention Objectives: a. Provide infrastructure assistance to industrial developers who are creating new industrial sites within the Project Area. b. Develop a commercial rehabilitation loan or grant program. C. Assist in providing adequate parking in the City's central core area, particularly in the High Street area. d. Develop an industrial development loan or grant program. e. Working with the City and Moorpark Chamber of Commerce create a business retention and attraction program utilizing not only Agency funding sources but City, County, State and Federal sources as well. f. Assist new commercial development either through the provision of infrastructure, loan, grant or other appropriate programs. Goal No. 2 Work with the City and Chamber of Commerce to develop an Implementation strategy for Downtown Revitalization Objectives: a. Continue to implement High Street streetscape improvements including benches, planters and decorative lights. b. Work to rehabilitate adjacent residential neighborhoods as needed. C., Work with the City to develop master plan for City and Agency owned property. d. Work with the City to evaluate parking needs and how to provide strategically located parking on High Street including consideration of parking in lieu fee program. e. Continue efforts to enhance the downtown park. f. Work with the Moorpark Chamber of Commerce to develop a Chamber sponsored SBA workshop. g. Work with the City, Chamber of Commerce and SBA to establish information resources and to ensure jobs /housing balance. 12/29/99C: 1008- AB1290U AOORPARKUNOORPARKIMPPL4N.v2.WPD 40 Goal No. 3 Promote adequate infrastructure for business development Objectives: a. Work with the City to develop City -wide master drainage plan. b. Develop an infrastructure assistance program that will be tied into programs that encourage new economic investments in the Project Area specifically and the community at large. C. Use Agency funding sources when possible as matching monies to leverage other possible infrastructure funding sources. d. Work with or assist private sector developers to provide oversized improvements in those instances where future cost savings are evident. Goal No. 4 Promote affordable housing and residential support programs and services Objectives: a. Provide that at least 15% of all new and substantially rehabilitated dwelling units developed within, the Project Area by public or private entities or persons other than the Agency shall be at affordable housing cost to persons and. families of low or moderate income. b. Work with City to ensure a balanced land use mix and to develop infill residential development in the downtown area. C. Sponsor housing rehabilitation programs in the Project Area specifically and City -wide, as appropriate. d. Actively pursue First Time Homebuyer Programs with various lending institutions and other programs when applicable. e. Encourage development of senior housing, both rental and ownership. f. Provide assistance to developers where possible when affordability covenants can be secured. g. Work with City staff on ongoing code enforcement program related to residential units. h. Develop and work with "self help" programs, if applicable, to increase home ownership opportunities for low, very low income families. 12129/99C: 1008- AB1290\ MOORPARKIMOORPARKIMPPLAN.V2.WPD 41 Work with the City to develop Parks and Service Facilities that serve the Project Area. 12/29/99C: 1008- AB1290W IOORPARK\MOORPARKIMPPLAN.\2.WPD 42 nevi zofr n 1 new t ITEM r-I 4 CITY OF MOORPAR.K, CALIFORNIA Redevelopment Agency Meeting ACTT )N: MOORPARK REDEVELOPMENT AGENCY j`en=&jL) �I,1 j 5_ AGENDA REPORT - - BY: ' TO: Honorable Board of Directors FROM: John E. Nowak, Assistant Executive Director DATE: December 8, 1999 (Agency Meeting of 01- 05 -00) SUBJECT: Consider Approval of Appraisal Report and Authorization for Condemnation of Real Property Located at 285 and 297 High Street in the City of Moorpark. BACKGROUND: The Redevelopment Agency staff has been pursuing acquisition of vacant property located at 285 and 297 High Street as part of relocation of a fire station in the downtown area. The property owner has not agreed to sell the property to the Agency. DISCUSSION: The Moorpark Redevelopment Agency staff has looked at acquiring two (2) vacant parcels located at 285 and 297 High Street as part of an effort to relocate a fire station on High Street. An offer to purchase was made to Mr. and Mrs. Marsh; however, no response was 'received. The Agency had an appraisal made on the property by P. Scott Voltz and Associates. The appraised value was determined to be one hundred ninety -five thousand dollars ($195,000.00). The next step for the Agency is to formally offer to purchase the parcels at the appraised value. The Agency Board must formally approve the appraisal prior to that occurring. Should the Marsh's not agree to sell the property at the appraised amount, the Agency may initiate condemnation proceedings for the acquisition. Since time is of the essence to meet the Fire District's schedule, the Board of 000007 Real Property Acquisition Meeting of 05 January 2000 Page 02 Directors is requested to authorize initiation of condemnation proceedings to acquire the property should the Marsh's refuse the purchase offer. STAFF RECOMMENDATION: The Agency Board of Directors is requested to: (1) Approve the appraisal for real property at 285 and 297 High Street in the "City of Moorpark as prepared by P. Scott Voltz & Associates; and (2) Authorize the initiation of condemnation proceedings for the acquisition of the real property if needed. (ROLL CALL VOTE REQUIRED) TO FROM: DATE: SUBJECT: ITEM CITY bF MI OOIxPARK, CALIFORNIA Redevelopment Agency Meeting of 5 . 7 19 � _.._ ACT N: r , MOORPARK REDEVELOPMENT AGENC BY. ev AGENDA REPORT Honorable Board of Directors John E. Nowak, Assistant Executive Director December 22, 1999 (Agency Meeting of 01- 05 -00) Consider Authorization for Staff to Discuss Valuation of Property Located at 45 High Street. BACKGROUND: Early in 1999 the Redevelopment Agency was approached regarding financial assistance for the operation of the Moorpark Playhouse. An option discussed was ,the City's purchase of the loan on the property. The owner subsequently entered in bankruptcy and the Agency's involvement with the property ceased. DISCUSSION: The Agency has been advised that the bankruptcy court may be selling the property at 45 High Street and a realtor involved with the action has inquired of the Agency's possible interest in the property. A first step is to identify a value for the property, based on use and condition, that might be acceptable to the court. If the Agency Board of Directors has an interest in pursuing investigation of the property, it is requested to authorize staff to work with the realtor and court to identify a reasonable valuation and sale price for the property. Any further actions would be brought to the Agency for its consideration. RECOMMENDATION: That the Agency Board of Directors authorize staff to discuss the valuation of the property located at 45 High Street. li11