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HomeMy WebLinkAboutAG RPTS 2001 0718 RDA REG VRMENr 4490 a ct ESTABLISHED I- I* 4trF011- gad Syr. OF µo Resolution No. 2001-101 MOORPARK REDEVELOPMENT AGENCY REGULAR MEETING AGENDA WEDNESDAY, JULY 18, 2001 6 : 30 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2 . ROLL CALL: 3 . PUBLIC COMMENT: 4 . PRESENTATION/ACTION/DISCUSSION: A. Consider Resolution to Appropriate $225, 000 for Property Acquisition of 798 Moorpark Avenue, and Consider Resolution to Appropriate $15, 000 for Architectural Services for Betancourt Replacement House . Staff Recommendation: 1) Authorize the purchase of 798 Moorpark Avenue for affordable housing at a price of $210, 000, the payment of an additional $10, 000 for relocation benefit, and $5 , 000 for closing costs and other expenses related to the purchase transaction; 2) Adopt Resolution No. 2001- , authorizing $225, 000 from the Tax Increment Housing Fund Balance for the acquisition of 798 Moorpark Avenue for affordable housing; and 3) Adopt Resolution No. 2001- , authorizing $15, 000 from the Tax Increment Housing Fund Balance for architectural services for 284 Charles Street . 5 . CONSENT CALENDAR: A. Consider Approval of Minutes of Regular Meeting of March 21, 2001 . Redevelopment Agency Agenda July 18, 2001 Page 2 5 . CONSENT CALENDAR: Consider Approval of Minutes of Regular Meeting of May 2, 2001 . Consider Approval of Minutes of Regular Meeting of June 20, 2001 . Consider Approval of Minutes of Special Meeting of June 27, 2001 . Staff Recommendation: Approve minutes as processed. B. Consider Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency. Staff Recommendation: Adopt Resolution No. 2001- , approving a Loan Agreement with the City of Moorpark. 6 . CLOSED SESSION: A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Subdivision (b) of Section 54956 . 9 of the Government Code : (Number of cases to be discussed - 4) B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to Subdivision (c) of Section 54956 . 9 of the Government Code : (Number of cases to be discussed - 4) C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956 . 9) Mission Bell Plaza Phase II , LLC, a California limited partnership vs . Redevelopment Agency of the City of Moorpark. (Case No. SCO28906) D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Pursuant to Government Code Section 54956 . 8) Property: (APN 511-0-050-175) Agency Negotiator: Steven Kueny, Executive Director Negotiating Parties : The City of Moorpark and In Young Kim Under Negotiation: Price and terms of payment Redevelopment Agency Agenda July 18 , 2001 Page 3 7 . 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 of the Public Comments portion of the meeting and for Presentation/Action/Discussion items prior to the beginning of the first item of the Presentation/Action/Discussion portion of the Agenda. Speaker Cards for a Public Hearing must be received prior to the beginning of the Public Hearing. A limitation of three minutes shall be imposed upon each Public Comment and Presentation/Action/Discussion item speaker. A limitation of three to five minutes shall be imposed upon each Public Hearing item speaker. Written in lieu of speaking orallyfor open Public Statement Cards may be submittedp g p Hearings and Presentation/Action/Discussion items. Copies of each item of business on the agenda are on file in the office of the City Clerk and are available for public review. Any questions concerning any agenda item may be directed to the City Clerk at (805) 517-6223 . 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) 517-6223. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting (28 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 July 18 , 2001, at 6 : 30 p .m. in the Council Chambers of the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California, was posted on July 13 , 2001, 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 July 13 , 2001 . La-Dell VanDeren, Deputy City Clerk To From: I -A CIYV -OF MA t RK, CCA1,1 F0 kN1 A Redevelopm i_;Ageney Neoing ACTION: A ff= MOORPARK REDEVELOPMENT AGEN& AGENDA REPORT Honorable Agency Board of Directors Nancy Burns, Senior Management Analyst Date: July 2, 2001 (MRA Meeting of July 18, 2001) Subject: CONSIDER RESOLUTION TO APPROPRIATE $225,000 FOR PROPERTY ACQUISITION OF 798 MOORPARK AVENUE, AND RESOLUTION TO APPROPRIATE $15,000 FOR ARCHITECTURAL SERVICES FOR BETANCOURT REPLACEMENT HOUSE BACKGROUND On February 7, 2001, the Moorpark Redevelopment Agency adopted Resolution No. 2001 -96, authorizing the acquisition of 798 Moorpark Avenue at a purchase price of one hundred seventy -two thousand dollars ($172,000) for the construction of affordable housing. Subsequent negotiations with the property owner (Kovacs) resulted in a negotiated sales price of two hundred ten thousand dollars ($210,000). A relocation payment of ten thousand dollars ($10,000) was also included. Closing costs and related expenses are estimated to be approximately five thousand dollars ($5,000). On January 5, 2000, as part of the authorization of the acquisition of 285 and 297 High Street, the Agency authorized the initiation of condemnation proceedings on these properties, if necessary. This site, and the parcel behind it at 661 Magnolia, are needed in order to construct a\ new fire station there. The Agreement negotiated with the property owners of 661 Magnolia (Betancourt) for the acquisition of their property for the fire station project includes constructing a replacement house for them on a nearby City -owned property (284 Charles Street). '' Honorable Agency Board of Directors 07/10/01 Page 2 of 2 DISCUSSION Agency approval is needed for the increased purchase price of 798 Moorpark Avenue, including relocation payment and closing costs. In addition, a budget amendment is needed to budget the funds for the purchase of that property and to allocate funds for architectural services to design the replacement house for the Betancourts. The attached Resolution No. 2001- allocates funds for the Agency purchase of 798 Moorpark Avenue for affordable housing and Resolution No. 2001- allocates funds for architectural services to design a replacement house for the residents of 661 Magnolia, Mr. and Mrs. Betancourt. STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) 1. Authorize the purchase of 798 Moorpark Avenue for affordable housing at a price of $210,000, the payment of an additional $10,000 for relocation benefit, and $5,000 for closing costs and other expenses related to the purchase transaction; 2. Adopt Resolution No. 2001- , authorizing $225,000 from the Tax Increment Housing Fund Balance for the acquisition of 798 Moorpark Avenue for affordable housing; and 3. Adopt Resolution No. 2001- , authorizing $15,000 from the Tax Increment Housing Fund Balance for architectural services for 284 Charles Street. Attachment: Resolution No. 2001 - Resolution No. 2001- RESOLUTION NO. 2001- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FY 2001/2002 BUDGET TO ALLOCATE $225,000 FROM THE TAX INCREMENT HOUSING FUND BALANCE (2901.5500) TO THE REDEVELOPMENT AGENCY LOW /MOD HOUSING BUDGET FOR ACQUISITION OF 798 MOORPARK AVENUE WHEREAS, on June 20, 2001, the Moorpark Redevelopment Agency adopted the budget for Fiscal Year 2001/2002; and WHEREAS, a staff report has been presented to the Agency requesting a budget amendment allocating $225,000 to the Agency Low /Mod Housing Budget from the Tax Increment Housing Fund Balance; and WHEREAS, Exhibit "A" hereof describes said budget amendment and its resultant impacts to the budget line item(s). NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION the Low /Mod Balance as hereto is Avenue. 1. A budget amendment allocating Housing Budget from the Tax Increment more particularly described in Exhibit hereby approved for acquisition of $225,000 to Housing Fund "A" attached 798 Moorpark SECTION 2. The Agency Secretary shall certify to the adoption of the resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 18th day of July 2001. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary ' 000 Resolution No. 2001 - Page 2 EXHIBIT "A" Budget Revision A. Fund Allocation: Fund No. Fund Name Amount 2901.5500 Housing Tax Increment Fund $225,000 $225,000 $225,000 B. Budget Appropriation: Budget Number Budgeted Revision New Budget 2901.2420.0000.9610 $0 $225,000 $225,000 ' 0004 RESOLUTION NO. 2001- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FY 2000/2001 BUDGET TO ALLOCATE $15,000 FROM THE TAX INCREMENT HOUSING FUND BALANCE (2901.5500) TO THE REDEVELOPMENT AGENCY LOW /MOD HOUSING BUDGET FOR ARCHITECTURAL SERVICES FOR 284 CHARLES STREET WHEREAS, on June 21, 2000, the Moorpark Redevelopment Agency adopted the budget for Fiscal Year 2000/2001; and WHEREAS, a staff report has been presented to the Agency requesting a budget amendment allocating $15,000 to the Agency Low /Mod Housing Budget from the Tax Increment Housing Fund Balance; and WHEREAS, Exhibit "A" hereof describes said budget amendment and its resultant impacts to the budget line item(s). NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment allocating $15,000 to the Housing Budget from the Tax Increment Housing Fund as more particularly described in Exhibit "A" attached is hereby approved for architectural services for 284 Street. Low /Mod Balance hereto Charles SECTION 2. The Agency Secretary shall certify to the adoption of the resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 18th day of July 2001. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary L j0005 Resolution No. 2001 - Page 2 EXHIBIT "A" Budget Revision A. Fund Allocation: Fund No. Fund Name Amount 2901.5500 Housing Tax Increment Fund $15,000 $15,000 $15,000 B. Budget Appropriation: Budget Number Budgeted Revision New Budget 2901.5420.5012.9103 $0 $15,000 $15,000 JOOOG TO: From: Date: Subject: BACKGROUND MOORPARK REDEVELOPMENT AGENDA REPORT Honorable Board of Directors IT S' . JR . CITY OF ]VOORPARK, CALIFORNTA Redevelopment Agency Meeting Of fl- l8 - .10C)1 ACTION• L� SiCk-P-P (`el.ormmef-rJO-hOn ►nCludin 0'a0 1z ©h © Rem -21C)o I _[43 AGENCY BY: Dana Shigley, Administrative Services July 11, 2001 (Agency meeting of July Dire 18, 2001) CONSIDER LOAN AGREEMENT BETWEEN THE CITY OF MOORPARK AND THE MOORPARK REDEVELOPMENT AGENCY In the last year, the Redevelopment Agency Board has authorized the purchase of several properties to be used for a variety of public purposes, including a proposed new Police Facility. These purchases, and others currently pending, have affected the cash available to the Agency. Community Development Law allows Redevelopment Agencies to borrow funds from the City in support of the Agency's mission and goals. Several times since the creation of the Redevelopment Agency, the City has loaned funds to the Agency for specific purposes. All loans have been repaid at this time. DISCUSSION In the coming year, the Agency has million in expenditures, including improvements to Spring Road and for Public Works yard. In addition, w Council has considered other construction of a Police Facility and budgeted approximately $3.4 $1.3 million for capital the construction of a new file not yet budgeted, the proposals including the Civic Center. While the Agency's annual revenues are sufficient to finance on- going operations, the Agency does not currently have sufficient cash available to finance these special projects. If the City Council chooses to proceed with design and construction of the Police Facility and Civic Center, then long -term financing will t � n; Honorable Agency Board of Directors July 11, 2001 Page 2 have to be arranged. However, in the mean time, staff is recommending a loan from the City to the Agency in the amount of $5,000,000 to assist the Agency with project development in anticipation of a longer -term financing plan later in the year. The Agency would be charged a rate equal to the rate earned on investments (the "LAIF" rate) plus 10; currently this would be approximately 6%. The loan would be provided by the City General Fund, which currently has sufficient cash available, and would be due no later than or June 30, 2002, when other financing arrangements should be in place. RECOMMENDATION Staff recommends that the Agency Board take the following action: 1. Adopt Resolution No. 2001- , approving a Loan Agreement with the City of Moorpark. Attachment: Resolution No. 2001 - Loan Agreement ",e' RESOLUTION 2001- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING A REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF MOORPARK AND THE MOORPARK REDEVELOPMENT AGENCY WHEREAS, the City of Moorpark has agreed to advance funds to the Moorpark Redevelopment Agency in accordance with the terms of a Loan Agreement dated July 18, 2001; and WHEREAS, the Moorpark Redevelopment Agency has agreed to accept the terms and conditions of the Loan Agreement dated July 18, 2001. NOW, THEREFORE, THE AGENCY BOARD OF DIRECTORS OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency dated July 18, 2001, and attached as Exhibit "A" to this resolution, is hereby adopted. SECTION 2. The Agency Secretary shall certify to the adoption resolution of this resolution and shall cause a certified to be filed in the book of original resolutions. PASSED AND ADOPTED this 18th day of July, 2001. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary J� 0 01- LOAN AGREEMENT THIS LOAN AGREEMENT is entered into this 18th day of July, 2001, by and between the City of Moorpark ( "City ") and the Moorpark Redevelopment Agency ( "Agency "). RECITALS WHEREAS, the Agency was created by Ordinance 87, adopted by the City Council on March 18, 1987, for the purpose of eliminating blighted conditions within specified project areas; and WHEREAS, in support of its mission, the Agency is developing and implementing plans to acquire and construct certain public facilities; and WHEREAS, the Agency has determined that, in order to undertake this redevelopment project, temporary financial assistance in the form of a loan is required from the City of Moorpark; and WHEREAS, Section 33600 et. seq. of the California Community Redevelopment Law authorizes the Agency to borrow money or accept financial or other assistance from the City. COVENANTS NOW, THEREFORE, THE CITY AND AGENCY AGREE AS FOLLOWS: SECTION 1. Amount and Use of Loan. The City, from its General Fund, will advance to the Agency the amount of $5,000,000 (five million dollars). Agency agrees to use such loan proceeds only for those purposes set forth in the Health and Safety Code and approved by the Agency. SECTION 2. Repayment of Funds. The Agency will repay this loan, both principal and interest, in full on or before June 30, 2002, unless extended by amendment to this Agreement. SECTION 3. Interest Payment. This loan will bear interest at a rate equivalent to the rate earned by City investments in the Local Agency Investment Fund, plus one percent. SECTION 4. Obligation Constitutes Indebtedness. This loan agreement shall constitute an obligation and debt of the Agency to use all available increment revenue to repay the City. Such �: `IJ . Loan Agreement, Page 2 July 18, 2001 indebtedness shall be subordinate to any and all other Agency indebtedness incurred by the Agency, including indebtedness incurred through the issuance of tax allocation notes or bonds or any other bonds of the Agency. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. MOORPARK REDEVELOPMENT AGENCY CITY OF MOORPARK Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary Steven Kueny, City Manager Deborah S. Traffenstedt, City Clerk �" j 0 0 2 �Z" J ESTABLISHED MARCH 11.1001' IFO t' OF 1A5 Resolution No. 2001 -101 MOORPARK REDEVELOPMENT AGENCY REGULAR MEETING AGENDA WEDNESDAY, JULY 18, 2001 6:30 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2. ROLL CALL: 3 . PUBLIC COMMENT: 4. PRESENTATION /ACTION /DISCUSSION: A. Consider Resolution to Appropriate $225,000 for Property Acquisition of 798 Moorpark Avenue, and Consider Resolution to Appropriate $15,000 for Architectural Services for Betancourt Replacement House. Staff Recommendation: 1) Authorize the purchase of 798 Moorpark Avenue for affordable housing at a price of $210,000, the payment of an additional $10,000 for relocation benefit, and $5,000 for closing costs and other expenses related to the purchase transaction; 2) Adopt Resolution No. 2001- , authorizing $225,000 from the Tax Increment Housing Fund Balance for the acquisition of 798 Moorpark Avenue for affordable housing; and 3) Adopt Resolution No. 2001- , authorizing $15,000 from the Tax Increment Housing Fund Balance for architectural services for 284 Charles Street. 5. CONSENT CALENDAR: A. Consider Approval of Minutes of Regular Meeting of March 21, 2001. 5. CONSENT CALENDAR: Redevelopment Agency Agenda July 18, 2001 Page 2 Consider Approval of Minutes of Regular Meeting of May 2, 2001. Consider Approval of Minutes of Regular Meeting of June 20, 2001. Consider Approval of Minutes of Special Meeting of June 27, 2001. Staff Recommendation: Approve minutes as processed. B. Consider Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency. Staff Recommendation: Adopt Resolution No. 2001- approving a Loan Agreement with the City of Moorpark. 6. CLOSED SESSION: A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Subdivision (b) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to Subdivision (c) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Mission Bell Plaza Phase II, LLC, a California limited partnership vs. Redevelopment Agency of the City of Moorpark. (Case No. SCO28906) D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Pursuant to Government Code Section 54956.8) Property: (APN 511 -0- 050 -175) Agency Negotiator: Steven Kueny, Executive Director Negotiating Parties: The City of Moorpark and In Young Kim Under Negotiation: Price and terms of payment 7. ADJOURNMENT: Redevelopment Agency Agenda July 18, 2001 Page 3 ------------------------------------------------------------------------------------------ Any member of the public may address the Agency during the Public Comments portion of the Agenda, unless it is a Public Hearing or a Presentation /Action /Discussion item. Speakers who wish to address the Agency concerning a Public Hearing or Presentations /Action/ Discussion item must do so during the Public Hearing or Presentations /Action /Discussion portion of the Agenda for that item. Speaker cards must be received by the City Clerk for Public Comments prior to the beginning of the Public Comments portion of the meeting and for Presentation /Action /Discussion items prior to the beginning of the first item of the Presentation /Action /Discussion portion of the Agenda. Speaker Cards for a Public Hearing must be received prior to the beginning of the Public Hearing. A limitation of three minutes shall be imposed upon each Public Comment and Presentation /Action /Discussion item speaker. A limitation of three to five minutes shall be imposed upon each Public Hearing item speaker. Written Statement Cards may be submitted in lieu of speaking orally for open Public Hearings and Presentation /Action /Discussion items. Copies of each item of business on the agenda are on file in the office of the City Clerk and are available for public review. Any questions concerning any agenda item may be directed to the City Clerk at (805) 517 -6223. 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) 517 -6223. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting (28 CFR 35.102- 35.104 ADA Title II).