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Resolution No. 2011 -251
REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK
REGULAR MEETING AGENDA
WEDNESDAY, DECEMBER 7, 2011
7:00 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
2. ROLL CALL:
3. PUBLIC COMMENT:
4. REORDERING OF, AND ADDITIONS TO, THE AGENDA:
5. PRESENTATION /ACTION /DISCUSSION:
A. Consider Name for Affordable Housing Project on Charles Street, Staff
Recommendation: Approve "Charles Street Terrace" for the official name of
the affordable housing project on Charles Street. (Staff: David Moe)
All writings and documents provided to the majority of the Agency regarding all open- session agenda items are
available for public inspection at the City Hall public counter located at 799 Moorpark Avenue during regular
business hours. The agenda packet for all regular Redevelopment Agency meetings is also available on the
City's website at www.ci.mooraark.ca.us.
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 forthat item. Speaker cards must be received bythe City
Clerk for Public Comment prior to the beginning of the Public Comments portion of the meeting; for a
Presentation /Action /Discussion item, prior to the Chair's call for speaker cards for each Presentation /Action/
Discussion agenda item; and for a Public Hearing item, prior to the opening of each Public Hearing, or beginning
of public testimony for a continued 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. Any questions concerning any
agenda item may be directed to the City Clerk's office at 517 -6223.
Redevelopment Agency Agenda
December 7, 2011
Page 2
6. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED)
A. Consider Minutes of Regular Meeting of October 5, 2011. Staff
Recommendation: Approve the minutes.
B. Consider Resolution Amending the Fiscal Year 2011 -12 Operating and
Capital Improvement Budget to Include an Annual Work Plan for the
Low /Moderate Income Housing Fund and these Annual Reports: 1) State
Controllers Report — Redevelopment Agencies Financial Transactions Report
for Fiscal Year 2010 -11; 2) California Redevelopment Agencies - Fiscal Year
2010 -11 Prooect Area Contributions to Low and Moderate Income Housing
Funds; 3) Blight Removal Progress Report Fiscal Year 2010 -11: and 4)
Statement of Indebtedness for 2011 -12 Tax Year for the Agency. Staff
Recommendation: 1) Adopt Resolution No. 2011- ; and 2) Accept
agenda report and other reports of the Redevelopment Agency of the City of
Moorpark as listed in the agenda report title. ROLL CALL VOTE
REQUIRED (Staff: Ron Ahlers)
7. 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)
8. ADJOURNMENT:
In compliance with the Americans with Disabilities Act, if you need special assistance to review an agenda or
participate in this meeting, including auxiliary aids or services, please contact the City Clerk's Division at (805)
517 -6223. Upon request, the agenda can be made available in appropriate alternative formats to persons with a
disability. Any request for disability - related modification or accommodation should be made at least 48 hours
prior to the scheduled meeting to assist the City staff in assuring reasonable arrangements can be made to
provide accessibility to the meeting (28 CFR 35.102 - 35.104; ADA Title 11).
Redevelopment Agency Agenda
December 7, 2011
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss
CITY OF MOORPARK )
AFFIDAVIT OF POSTING
I, Blanca Garza, 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 Redevelopment Agency of the City of Moorpark to be held Wednesday,
December 7, 2011, at 7:00 p.m. in the Council Chambers of the Moorpark Community
Center, 799 Moorpark Avenue, Moorpark, California, was posted on December 2, 2011, 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 2, 2011.
�
Blanca Garza, Deputy City Clerk
CITY OF MOORPARK, CALIFORNIA
Redevelopment Agency Meeting
of /d-
ACTION:_ aMal
A - _
MOORPARK REDEVELOPMENT AGENCY
AGENDA REPORT
TO: Agency Board of Directors
FROM: David C. Moe II, Redevelopment Manager (-'L 4-
DATE: November 22, 2011 (Agency Meeting of 12/7/11)
ITEM 5.A.
SUBJECT: Consider Name for the Affordable Housing Project on Charles Street
BACKGROUND
On September 2, 2009, the Redevelopment Agency of the City of Moorpark ( "Agency ")
approved a Disposition and Development Agreement ( "DDA ") with the Area Housing
Authority of the County of Ventura ( "AHA ") to construct a 20 unit podium style building
located at 396 Charles Street ( "Project "). The Project is 100% affordable and has 14
two bedroom units and 6 three bedroom units, ranging in size from 870 -1100 square
feet. The AHA will designate a two bedroom unit to be utilized by the onsite manager.
DISCUSSION
One of the requirements in the DDA allows the Agency Board to have the sole authority
for naming the Project. Staff requested the AHA submit three suggested names for the
Agency Board to consider. The AHA only submitted "The Charles Street Apartments"
for the name of the Project. In an effort to provide a broader base of names for the
Project, staff has suggested the following for the Agency Board to also consider:
• Charles Street Terrace
• Bonnie View Terrace
• Pepper Tree Terrace
• Spring View Apartments
• Charles Street Courtyard
• Magnolia Place
1
Agency Board
December 7, 2011
Page 2
FISCAL IMPACT
None.
STAFF RECOMMENDATION
Approve "Charles Street Terrace" for the official name of the affordable housing project
on Charles Street.
2
ATY OF MOORPARK, CALIFORNIA
Redevelopment Agency Meeting
ITEM 6.A.
of _ _ l.R- ? -;to //
ACTION: awd4ww
ES UFTHt HEDEVELOPMENT AGENCY OF THE CITY OF MOORPARK
Vi Li'J, .
Moorpark, California October 5, 2011
A Regular Meeting of the Redevelopment Agency of the City of Moorpark was held on
October 5, 2011, in the Community Center of said City located at 799 Moorpark
Avenue, Moorpark, California.
CALL TO ORDER:
Chair Parvin called the meeting to order at 7:20 p.m.
2. ROLL CALL:
Present: Agency Members Mikos, Millhouse, Pollock, Van Dam, and
Chair Parvin.
Staff Present: Steven Kueny, Executive Director; Greg Murphy, Assistant
General Counsel; Hugh Riley, Assistant Executive Director;
Deborah Traffenstedt, Deputy City Manager; Ron Ahlers,
Agency Treasurer; David Moe, Redevelopment Manager;
and Maureen Benson, Agency Secretary.
3. PUBLIC COMMENT:
None.
4. REORDERING OF, AND ADDITIONS TO, THE AGENDA:
None.
5. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED)
MOTION: Agency Member Mikos moved and Agency Member Pollock seconded a
motion to approve the Consent Calendar. The motion carried by unanimous roll call
vote.
A. Consider Minutes of Special Meeting of August 24, 2011. Staff
Recommendation: Approve the minutes.
B. Consider Minutes of Regular Meeting of September 7, 2011. Staff
Recommendation: Approve the minutes.
C. Consider Adopting an Amended Enforceable Obligations Payment
Schedule. Staff Recommendation: 1) Adopt amended Enforceable
Obligation Payment Schedule included in agenda report, identifying the
Agency's enforceable obligations for the months of October, November
3
Minutes of the Redevelopment Agency
Moorpark California Page 2 October 5, 2011
and December 2011; and 2) Direct staff to transmit the amended
Enforceable Obligation Payment Schedule to the State and post on the
City's website, as ordered in the legislation
7. CLOSED SESSION:
None was held.
8. ADJOURNMENT:
Chair Parvin adjourned the meeting at 7:21 p.m.
Janice S. Parvin, Chair
ATTEST:
Maureen Benson, Agency Secretary
19
ITEM 6.13.
MOORPARK REDEVELOPMENT AGENCII'ITY OF MOORPARK, CALIFORNIA
AGENDA REPORT Redevelopment Agency Meeting
of
ACTON,1T�`"'-"`
TO: Honorable Agency Board of Directors -
FROM: Ron Ahlers, Agency Treasurer (24-
BY. -�
DATE: December 1, 2011 (Agency Meeting of December 7, 2011)
SUBJECT: Consider Resolution Amending Fiscal Year 2011 -12 Operating and
Capital Improvement Budget to Include an Annual Work Plan for the
Low /Moderate Income Housing Fund and these Annual Reports:
1. State Controllers Report - Redevelopment Agencies Financial
Transactions Report for Fiscal Year 2010 -11
2. California Redevelopment Agencies - Fiscal Year 2010 -11 Project
Area Contributions to Low and Moderate Income Housing Funds
3. Blight Removal Progress Report for Fiscal Year 2010 -11
4. Statement of Indebtedness for 2011 -12 Tax Year for the Agency
SUMMARY
The Moorpark Redevelopment Agency Annual Financial Report has not been
finalized by the auditors as of this date. Staff will present the final report to the Agency
Board as a "Box Item" prior to December 31, 2011. This shall comply with Section
33080.1 of the Health and Safety Code (HSC) of the State of California. At the first
Agency meeting in January 2012, the Board of Directors will be asked to receive and file
this report.
Shortly after Governor Brown took office, the State Controller decided to audit a
selected number of redevelopment agencies throughout California. All redevelopment
agencies reviewed had audit findings. The findings prompted the State Controller to
review and ultimately change the checklist auditors use to audit redevelopment
agencies. Two of the activities the auditors are now looking for during the annual audit
are: One, submittal of the annual report to the State Controller's Office and legislative
body (Agency Board of Directors) and two, a work plan and examination of
accomplishments compared to goals for the low and moderate income housing fund
adopted with the budget.
There are two audit findings of "significant deficiencies" in reporting to the Agency
Board. These two findings require that the Agency Board receive the following reports:
State Controllers Report on Redevelopment Agencies Financial Transactions Report for
Fiscal Year 2010 -11; California Redevelopment Agencies Fiscal Year 2010/2011
Project Area Contributions to Low and moderate Income Housing Funds; Blight
Removal Progress Report and the Statement of Indebtedness filed for the 2011 -2012
5
Honorable Agency Board of Directors
December 7, 2011
Page 2
Tax Year for the Agency.
BACKGROUND
Pursuant to Section 33080.1 of the Health and Safety Code (HSC) of the State of
California, "every redevelopment agency shall present an annual report to its legislative
body within six months of the end of the agency's fiscal year." This report must include
an independent auditor's report along with other required information as stated in the
HSC. This annual report is the same annual report the Agency submits to the State
Housing and Community Development Department and State Controller on an annual
basis.
DISCUSSION
The firm of Teaman, Ramirez & Smith, Inc., Certified Public Accountants (Independent
Auditors) has been engaged to perform the audit for fiscal year ending June 30, 2011.
A final copy of the annual financial report of the Agency for June 30, 2011 will be
distributed to the Agency Board prior to December 31, 2011 as a "Box Item ". The
Agency has received an unqualified opinion.
The Agency's financial position is measured by increases or decreases in net assets.
As of June 30, 2011, the Agency has net assets of approximately $3.5 million.
Redevelopment agencies typically have a deficit in net assets. Redevelopment
agencies typically leverage current property tax increment revenues by issuing long
term debt (including loans from the City of Moorpark) in order to qualify for receipt of
property tax increment revenue and to raise capital to promote economic development
within the project area. The new projects constructed, in turn, generate additional
property tax increment revenues, which again, may only be captured to the extent that
the Agency incurs indebtedness. Indebtedness includes bonded indebtedness, City
loans and advances. The Agency incurs debt based on future property tax increments
to fund redevelopment projects. Once the redevelopment projects are completed, the
asset is transferred to the City; however, the debt remains with the Agency resulting in
deficit net assets.
AUDIT FINDINGS
HSC section 33080.2 reads,
(a) When the agency presents the annual report to the legislative body
pursuant to Section 33080. 1, the agency shall inform the legislative body
of any major audit violations of this part based on the independent
financial audit report. The agency shall inform the legislative body that the
failure to correct a major audit violation of this part may result in the filing
of an action by the Attorney General pursuant to Section 33080.8.
(b) The legislative body shall review any report submitted pursuant to
Section 33080.1 and take any action it deems appropriate on that report
0
Honorable Agency Board of Directors
December 7, 2011
Page 3
no later than the first meeting of the legislative body occurring more than
21 days from the receipt of the report.
The Agency has two audit findings for fiscal year 2010/11. These two audit findings are
listed as "significant deficiency ".
Finding 2011 -1 states that the Agency did not report all of the items required in HSC
section 33080.1 to its legislative body for the fiscal year ended June 30, 2010. Staff
believes we met the intent of the law but in order to comply with the State Controller's
letter of instruction staff has expanded this agenda report to fulfill all of the requirements
of this section of the HSC.
The Agency shall be in compliance by the submission of this report and the final copy of
the Moorpark Redevelopment Agency Annual Financial Report to the Agency Board. If
the Agency fails to comply, this may result in the filing of an action by the Attorney
General.
Finding 2011 -2 states that the annual budget did not include two required items in HSC
Section 33606
(d) The work program for the coming year, including goals
(e) An examination of the previous year's achievements and a comparison of
the achievements with the goals of the previous year's work program.
Low and Moderate Income Housing Work Program
The Independent Auditors point out that pursuant to Section 33606 of the HSC of the
State of California, an agency shall adopt an annual budget containing all of the
following specific information, including all activities to be financed by the Low and
Moderate Income Housing Fund:
(a) The proposed expenditures of the agency.
(b) The proposed indebtedness to be incurred by the agency.
(c) The anticipated revenues of the agency.
(d) The work program for the coming year, including goals.
(e) An examination .of the previous year's achievements and a comparison of
the achievements with the goals of the previous year's work program.
Attached to this staff report is the FY 2011 -12 Low and Moderate Income Housing Fund
Work Plan (Attachment 1). This work plan includes the Low and Moderate Income
Housing Goal in the 2010 — 2014 Five Year Implementation Plan for the Moorpark
Redevelopment Project and housing activities to be undertaken for FY 2011 -12. The
work plans also reports the prior year's achievements as compared to the goals.
The information required in Finding 2011 -2 has been previously transmitted to the
Agency Board through the adoption of the Annual Goals and Objectives and the
allocation of funding to activities in the Low and Moderate Income Housing Fund.
However, the housing activities listed in the budget were not specifically called a work
7
Honorable Agency Board of Directors
December 7, 2011
Page 4
program or plan and the Annual Goals and Objectives were not included with the
adoption of the annual budget of the Agency.
The Agency shall be in compliance by adopting a resolution (Attachment 1) amending
the FY 2011 -12 Operating and Capital Improvement Budget to include the attached
Work Plan. If the Agency fails to comply, this may result in the filing of an action by the
Attorney General.
COMPLIANCE with HEALTH and SAFETY CODE (HSC)
A new section of the annual report is presented this year in order to comply with HSC
Section 33080.1(a)(1), which states, "a calculation of the excess surplus in the Low and
Moderate Income Housing Fund as defined in subdivision (g) of Section 33334.12."
• There is no excess surplus in the Low and Moderate Income Housing Fund.
HSC Section 33080.1(e) states, "A list of, and status report on, all loans made by the
redevelopment agency that are fifty thousand dollars ($50,000) or more, that in the
previous fiscal year were in default, or not in compliance with the terms of the loan
approved by the redevelopment agency."
• None
HSC Section 33080.1(f) states, "A description of the total number and nature of the
properties that the agency owns and those properties the agency has acquired in the
previous fiscal year."
• Please refer to Attachment 6 which is a copy of Note 4 Property Held for
Resale /Development from the Moorpark Redevelopment Agency Annual
Financial Report.
HSC Section 33080.1(g) states, "A list of the fiscal years that the agency expects each
of the following time limits to expire:
(1) The time limit for the commencement for eminent domain proceedings to
acquire property within the project area.
o Not applicable
(2) The time limit for the establishment of loans, advances, and indebtedness
to finance the redevelopment project.
o Eliminated by Ordinance 369
(3) The time limit for the effectiveness of the redevelopment plan.
o 2030
(4) The time limit to repay indebtedness with the proceeds of property taxes.
o 2040
FISCAL STATEMENTS
HSC Section 33080.1(b) states, "A fiscal statement for the previous fiscal year that
contains the information required pursuant to Section 33080.5." In order to comply with
Honorable Agency Board of Directors
December 7, 2011
Page 5
the reporting requirements of HSC Section 33080.5, we hereby submit the following
fiscal statements. The Agency has one and only one redevelopment project area.
(a) The amount of outstanding indebtedness of the agency and each project area.
• $182,946,742 Statement of Indebtedness, Form A (Attachment 5)
This amount is calculated based on the total remaining life of
the Agency (2040): $36 million for Low and Moderate Income
Housing (20% set - aside); $95 million for tax sharing
agreements; $6 million for the 1999 Bonds, $20 million for the
2001 bonds; $24 million for the 2006 bonds and $1.6 million
for the ABx1 27 payment for FY 2011 -12.
(b) The amount of tax increment property tax revenues generated in the agency and in
each project area.
• $6,755,960
(c) The amount of tax increment revenues paid to, or spent on behalf of, a taxing
agency, other than a school or community college district, pursuant to subdivision (b) of
Section 33401 or Section 33676. Moneys expended on behalf of a taxing agency shall
be itemized per each individual capital improvement.
• County of Ventura $2,670,481.00
Ventura County Superintendent of Schools $2,057.86
(d) The financial transactions report required pursuant to Section 53891 of the
Government Code.
• Please refer to the State Controller Financial Transaction Report (Attachment 2)
(e) The amount allocated to school or community college districts pursuant to each of
the following provisions: (1) Section 33401; (2) Section 33445; (3) Section 33445.5; (4)
paragraph (2) of subdivision (a) of Section 33676; and (5) Section 33681.
• Moorpark Unified School District $337,903.60
Ventura County Community College District $58,506.83
(t) The amount of existing indebtedness, as defined in Section 33682, and the total
amount of payments required to be paid on existing indebtedness for that fiscal year.
• Indebtedness $182,946,742 Statement of Indebtedness, Form A
• Payments $11,654,601 Statement of Indebtedness, Reconciliation
Payments include the repayment of the
short -term City loan of $5 million.
(Attachment 5)
(g) Any other fiscal information which the agency believes useful to describe its
programs.
The Agency paid $396,345 into the State of California Supplemental Educational
Revenue Augmentation Fund (SERAF) on May 10, 2011.
9
Honorable Agency Board of Directors
December 7, 2011
Page 6
• The assets of the Agency exceeded its liabilities by $3,552,000 (positive
net assets).
• The Agency's total debt decreased by approximately $544,000 or 1.9 %. This
decrease is due to on -going debt service payments.
• Gross property tax increment revenue during the fiscal year decreased by
approximately $109,000 (1.6 %) to $6,755,960.
• As of the end of June 30, 2011, the governmental funds reported combined
ending fund balances of $30,719,000. This amount is further divided:
o $ 1,885,000 Restricted for Debt Service
o $ 7,652,000 Restricted for construction Ruben Castro Human Services Center
o $20,796,000 Land held for resale or development, which for each fund:
• $8,302,000 Low & Moderate Income Housing Fund
■ $6,857,000 MRA Operating Fund
• $5,637,000 Bond Proceeds Funds
• The Low - Moderate Income Housing Fund, a special revenue fund, is used to
account for funds that are set aside for low and moderate income housing, as
well as related expenditures. At the end of the current fiscal year, the fund
balance was $8,246,000, the majority of which is in Land held for resale or
development of $8,302,000. Therefore, there is approximately $56,000 in
negative fund balance.
• The Agency Operating Fund, a special revenue fund, is the chief operating fund
of the Agency. At the end of the current fiscal year, the fund balance of the
Agency Operating Fund was $7,005,000, the majority of which is in Land held for
resale or development of $6,857,000. Therefore, there is approximately
$149,000 in available fund balance.
• The Agency has two Capital Projects Funds which account for the expenditures
of the 2001 and 2006 bond proceeds. Their available fund balances are
approximately $494,000. The restricted amount set -aside for the Ruben Castro
Human Services Center is $7,652,000.
FISCAL IMPACT
None
10
Honorable Agency Board of Directors
December 7, 2011
Page 7
STAFF RECOMMENDATION (Roll Call Vote)
Adopt Resolution No. 2011- amending FY 2011/12 Operating and Capital
Improvement Budget to include an Annual Work Plan for the Low and Moderate Income
Housing Fund.
Accept this report and the following reports of the Redevelopment Agency of the City of
Moorpark:
• State Controllers Report - Redevelopment Agencies Financial Transactions
Report for Fiscal Year 2010 -11
• California Redevelopment Agencies - Fiscal Year 2010/2011 Project Area
Contributions to Low and Moderate Income Housing Funds
• Blight Removal Progress Report for FY 2010 -11
• Statement of Indebtedness filed for the 2011 -2012 Tax Year for the Agency
• Note 4 - Property Held for Resale /Development
Attachments:
1. Resolution No. 2011-
2. State Controllers Report - Redevelopment Agencies Financial Transactions
Report for Fiscal Year 2010 -11
3. California Redevelopment Agencies - Fiscal Year 2010/2011
Project Area Contributions to Low and moderate Income Housing Funds
4. Blight Removal Progress Report for FY 2010 -11
5. Statement of Indebtedness filed for the 2011 -2012 Tax Year for the Agency
6. Note 4 - Property Held for Resale /Development
11
ATTACHMENT I
RESOLUTION NO. 2011-
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL
YEAR 2011/2012 BUDGET TO INCLUDE AN ANNUAL WORK
PLAN FOR THE LOW /MODERATE INCOME HOUSING FUND
TO COMPLY WITH SECTION 33606 OF THE HEALTH AND
SAFETY CODE OF THE STATE OF CALIFORNIA
WHEREAS, on June 15, 2011, the Redevelopment Agency of the City of
Moorpark adopted the Operating and Capital Improvement Projects Budget for Fiscal
Year 2011/2012; and
WHEREAS, Section 33606 of the Health and Safety Code (HSC) of the State of
California, requires an agency to adopt an annual budget containing specific
information, including all activities to be financed by the Low and Moderate Income
Housing Fund; and
WHEREAS, the adopted the Operating and Capital Improvement Projects
Budget for Fiscal Year 2011/2012 did not include a work program or an examination of
the previous year's achievements and a comparison of the achievements with the goals
of the previous year's work program; and
WHEREAS, Exhibit "A ", attached hereto and made a part hereof, describes said
budget amendment.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment more particularly described in Exhibit "A ",
attached hereto, is hereby approved to include an Annual Work Plan for the
Low /Moderate Income Housing Fund.
SECTION 2. The Agency Secretary shall certify to the adoption of this resolution
and shall cause a certified resolution to be filed in the book of original Resolutions.
12
Resolution No.
Page 2
PASSED AND ADOPTED this 7th day of December, 2011.
Janice S. Parvin, Chair
ATTEST:
Maureen Benson, Agency Secretary
Attachment: Exhibit A — Budget Amendment
13
Exhibit A
FY 2011/12 Low and Moderate Income Housing Fund Work Plan
FY 2010/11 Goal FY 2010/11 Accomplishments FY 2011/12 Goal FY 2011/12 Activities
Increase, improve, and $600,000.00 loan to Increase, improve, and Moorpark 20 LP Disposition and i
preserve the quality of Moorpark 20 LP for the preserve the quality of Development Agreement
low /mod income housing construction of 20 affordable low /mod income housing
throughout the project area units on Charles Street. throughout the project area
and the City j and the City
$1,176,500.00 loan to Assist 1 family purchase their
Moorpark 20 LP to purchase first home located at 81 First
the land 20 affordable units Street
on Charles Street_
Relocated one tenant from
124 First Street in
preparation for a future
affordable housing project
Purchased 124 First Street
for a future affordable
housing project
Monitored 342 affordable
units to ensure affordability
compliance
Develop conceptual plan for 2
affordable units on Walnut
Street
Continue monitoring 342
affordable units to ensure
affordability compliance
Assisted 6 families purchase
I Demolish structures located at
their first home
780 Walnut Street, 112 First
Street, 124 First Street, and
1083 Walnut Canyon for future
affordable housing project
Constructed a retaining
Draft Sage Disposition and
block wall for an affordable
Development Agreement for 19
unit located at 81 First Street
affordable units on Walnut
I Canyon
Relocated one tenant from
Develop construction plans for
112 First Street in
4 affordable units on First Street
preparation for a future
affordable housing project
Relocated one tenant from
124 First Street in
preparation for a future
affordable housing project
Purchased 124 First Street
for a future affordable
housing project
Monitored 342 affordable
units to ensure affordability
compliance
Develop conceptual plan for 2
affordable units on Walnut
Street
Continue monitoring 342
affordable units to ensure
affordability compliance
ATTACHMENT 2
REDEVELOPMENT AGENCIES
FINANCIAL TRANSACTIONS REPORT
COVER PAGE
Redevelopment Agency Of The City Of Moorpark
Fiscal Year: 2011
Certification:
ID Number: 13985656700
I hereby certify that, to the best of my knowledge and belief, the report forms fairly reflect the financial
transactions of the agency in accordance with the requirements as prescribed by the California State
Controller.
Fiscal Officer
Signature
Name (Please Print)
Title
Date
Per Health and Safety Code section 33080, this report is due within six months after the end of the fiscal
year. The report is to include two (2) copies of the agency's component unit audited financial statements
and the report on the Status and Use of the Low and Moderate Income Housing Fund (HCD report). To
meet the filing requirements, all portions must be received by the California State Controller's Office.
Please complete, sign, and mail this cover page to either address below.
Mailing Address: Express Mailing Address:
State Controller's Office
Division of Accounting and Reporting
Local Government Reporting Section
P. O. Box 942850
Sacramento, CA 94250
State Controller's Office
Division of Accounting and Reporting
Local Government Reporting Section
3301 C Street, Suite 700
Sacramento, CA 95816
15
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
General Information
Fiscal Year 2011
Members of the Governing Body
I
Middle
iLast
Name
First Name
Initial
Chairperson
Parvin
anice
t
Member
Imillhouse
lKeitb
Member
Ivan Dam
IMark
Member
Mikos
Roseann
Member
jPollock
10avid
Member
] Member
Member
Member
j Member
I lI
Mailing Address
Street 1 99 Moorpark Avenue
Street 2
City Moorpark 7 state PT7 Zip F93021
Phone (805) 517 -6200 Q Is Address Changed?
General Information
01
s
Last Name
Executive Director Kueny
Fiscal Officer hlers
Secretary raffenstedt
Report Prepared By
Firm Name
Last
First
Middle Initial
Street
City
State
Zip Code
Phone
Page 1
]Anderson
Douglas
111 N. Tustin Avenue
Orange –�
CA
92865 -1753
(714)283 -9334
First Name Middle Phone
Initial
lSteven I (805) 517 -6212
Ron (805) 517 -6249
Deborah (805)517 -6213
Independent Auditor
eaman, Ramirez & Smith, Inc.
Fankhanel
]Greg
0
—� '4201 Brockton Avenue, Suite 100
Riverside
CA
92501-
i
(951) 274 -9500
11/30/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Fiscal Year 2011
Please Provide a Brief Description of
the Activities for this Project Area
During the Reporting Year.
Activity ReDort
The Agency completed various
improvements on High Street, and
continues to provide Affordable
Housing programs, including 1st
Time buyer down pmt. Assistance.
The Agency is also involved in the
construction of the Ruben Castro
Human Services Center, expected to
be completed in early 2012.
Project Area Report
J
Project Area Report
Project Area Name Project Area 1
Forwarded from Prior Year ?
Enter Code for Type of Project Area Report
P = Standard Project Area Report
L = Low and Moderate Income Housing Fund
O = Other Miscellaneous Funds or Programs
Does the Plan Include Tax Increment Provisions?
Date Project Area was Established (MM- DD-YY)
Most Recent Date Project Area was Amended
Did this Amendment Add New Territory?
Most Recent Date Project Area was Merged
Will this Project Area be Carried Forward to Next Year?
Established Time Limit:
Ye
1311
A = Administrative Fund
M = Mortgage Revenue Bond Program
S = Proposed (Survey) Project Area
Yes
7/5/1989
x/16/2008
No.
_J
Yes
Repayment of Indebtedness (Year Only)
2040'
Effectiveness of Plan (Year Only)
20301
New Indebtedness (Year Only)
2030
Size of Project Area in Acres
7- 1,217
Percentage of Land Vacant at the Inception of the Project Area
116.
Heatth and Safety Code Section 33320.1 (xx.x °i)
Percentage of Land Developed at the Inception of the Project Area
Health and Safety Code Section 33320.1 (xx.x%)
Objectives of the Project Area as Set Forth in the Project Area Plan
RCP
(Enter the Appropriate Code(s) in Sequence as Shown)
R = Residential I = Industrial C = Commercial P = Public
O = Other
Page 1
11/30/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Assessed Valuation Data
Fiscal Year 2011
Project Area Name Project Area 1
Frozen Base Assessed Valuation 264,155,362
Increment Assessed Valuation 660,697,282
Total Assessed Valuation 924,852,644
Assessed Valuation Data
IN
Page 1
11/30/2011
Fiscal Year
Project Area Name
Amounts Paid To Taxing
Agencies Pursuant To:
County
Cities
School Districts
Community College Districts
Special Districts
Total Paid to Taxing
Agencies
Net Amount to Agency
Gross Tax Increment
Generated
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Pass - Through /School District Assistance
1201-
Project Area 1
Tax Increment Pass Through Detail Other Payments
H& S Code H& S Code H& S Code Total H& S Code H& S Code
Section 33401 Section 33676 Section 33607 Section 33445 Section 33445.5
2,602,7221 $2,602,722
so
337,9041 $337,904 — 1
SO
2,057 $2.0577 1
$2,942,683 I SO SO $2,942,683 $0 S0
Pass-Through / School District Assistance
N
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Page 1
$3,813,277
6,755,960
11/30/2011
Redevelopment Agency, Of The Clty Of Moorpark
Redevelopment Agencies Financial Transactions Report
Summary of the Statement of Indebtedness - Project Area
Fiscal Year
Project Area Name
Tax Allocation Bond Debt
Revenue Bonds
Other Long Term Debt
City /County Debt
Low and Moderate Income Housing Fund
Other
Total
Available Revenues
Net Tax Increment Requirements
Summary of the Statement of Indebtedness - Project Area
Project Area 1
49,935,447
36,050,569
96,960,726
$182,946,742
$182,946,742
Page 1 11/30/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Agency Long -Term Debt
Fiscal Year 120111
Project Area Name Project Area 1
Forward from Prior Year
Bond Type
Year of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount Issued During Fiscal Year
Principal Amount Matured During Fiscal Year
Principal Amount Defeased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
Interest In Default
Yes
ITax Allocation Bonds
1999
9,860,000
9,860,000
Refunding Of 1993 Bonds
1999
2018
$5,495,000
F_ 500,000
$4,995,000
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City /County Debt; US;State;
Loans; Lease Obligations; Notes; Deferred Pass- Throughs; Deferred Compensation; Other
Agency Long-Term Debt Page 1 11/30/2011
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Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Agency Long -Term Debt.
Fiscal Year 2011 _
Project Area Name Proiect Area 1
Forward from Prior Year
Bond Type
Year of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
Irterest Added to Principal
Principal Amount Issued During Fiscal Year
Principal Amount Matured During Fiscal Year
Principal Amount Defeased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
Interest In Default
Yes
Tax Allocation Bonds
2001
i 1, 625,000 I
11, 625,000
Finance Redevelopment Activities
2001,
2031
$11,520,000
15,000
$11,505,000
i
7 —�
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocatlon Notes; Financing Authority Bonds; City /County Debt; US;State;
Loans; Lease Obligations; Notes; Deferred Pass- Throughs; Deferred Compensation; Other
Agency Long -Term Debt Page 1
N
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11130/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Agency Long -Term Debt
Fiscal Year ;2011
Project Area Name Pr, oiect Area 1 —�
Forward from Prior Year
Bond Type
Year of Authorization
Principal Amount Authorized
Principal Amount Issued
Purpose of Issue
Maturity Date Beginning Year
Maturity Date Ending Year
Principal Amount Unmatured Beginning of Fiscal Year
Adjustment Made During Year
Adjustment Explanation
Interest Added to Principal
Principal Amount Issued During Fiscal Year
Principal Amount Matured During Fiscal Year
Principal Amount Defeased During Fiscal Year
Principal Amount Unmatured End of Fiscal Year
Principal Amount In Default
Interest In Default
es
Tax Allocation Bonds
r -
11,695,000
1 i ,695,000
o fund project area activities
F_ 2006
203
$11,695,000
40,000
F_
$11,655,000
F_
Bond Types Allowed:
Tax Allocation Bonds; Revenue Bonds; Certificates of Participation; Tax Allocation Notes; Financing Authority Bonds; City /County Debt; US;State;
Loans; Lease Obligations; Notes; Deferred Pass- Throughs; Deferred Compensation; Other
Agency Long -Term Debt Page 1
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11130/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures - Revenues
Fiscal Year 12011
Prolect Area Name 1project Area 1
Low /Moderate Special
Capital Project Debt Service Income Housing Revenue/Other
Funds Funds Funds Funds Total
Tax Increment Gross
(Include All Apportlonments)
Special Supplemental Subvention
Property Assessments
Sales and Use Tax
Transient Occupancy Tax
Interest Income
Rental Income
Lease Income
Sale of Real Estate
Gain on Land Held for Resale
Federal Grants
Grants from Other Agencies
Bond Administrative Fees
Other Revenues
Total Revenues
3,651,369; 1,753,3991 1,351,192 $6,755,960
L $0
' $o
$o
$0
157,634 32,6 5.9361 $227,238
T
124,9231 1 1,532,9091 1 $1,657,832
$3,933,926 1 $1,786,067 1 S2,921,037 1 $0-1 $8,641,030
Statement of Income and Expenditures - Revenues Page 1
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11/30/2011
Fiscal Year
Project Area Name
Administration Costs
Professional Services
Planning, Survey, and Design
Real Estate Purchases
Acquisition Expense
Operation of Acquired Property
Relocation Costs
Relocation Payments
Site Clearance Costs
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures - Expenditures
2011
Protect Area 1
Project Improvement / Construction Costs
Disposal Costs
Loss on Disposition of Land Held for
Resale
Capital Project Debt Service Low/Moderate Special
Funds Funds Income Housing Revenue/Other Total
920,4631 I 363,0641 $1,283,527
76,5571 1 29,5421 $105,099
$0
so
303,089 5303,089
_ so
�- -- 74,294: $74,294
— .. $0
$0
2,566,745 59,0401 1 $2,625,785
$0
� $0
Statement of Income and Expenditures - Expenditures Page 1
N
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11/30/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures - Expenditures
Fiscal Year 2011
Project Area Name Project Area 1 - —�
Capital Project Debt Service Low/Moderate Speclai
Funds Funds Income Housing Revenue/Other Total
Decline in Value of Land Held for Resale S0
Rehabilitation Costs
Rehabilitation Grants
Interest Expense
Fixed Asset Acquisitions
Subsidies to Low and Moderate Income
Housing
Debt Issuance Costs
Other Expenditures Including Pass -
Through Payments)
Debt Principal Payments:
Tax Allocation Bonds and Notes
Revenue Bonds, Certificates of
Participation, Financing Authority
Bonds
City /County Advances and Loans
All Other Long -Term Debt
Total Expenditures
Excess (Deficiency) Revenues over
(under) Expenditures
I I $0
SO
100,000 1,350,8741 20,6421 1 $1,471,516
_ 617,554 $617,554
$0
3,966.1001 812.9001 $4,779,000
555,000' 1 $555,000
I $o
SO
$7,628,865 $1,905,874 $2,280,125 $0 $11,814,864
($3,694,939) ($119,807) $640,912 SO ($3,173,834)
Statement of Income and Expenditures - Expenditures Page 2
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11/3012011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures - Other Financing Sources
Fiscal Year
Project Area Name
Proceeds of Long -Term Debt
Proceeds of Refunding Bonds
Payment to Refunded Bond Escrow Agent
Advances from City /County
Sale of Fixed Assets
Miscellaneous Financing Sources (Uses)
Operating Transfers In
Tax Increment Transfers In
Operating Transfers Out
2011 --
Project Area 1
Capital Project
Funds
Debt Service Low /Moderate Special
Funds Income Housing Revenue/Other Total
$0
$0
I
$0
$o
- $0
i
151,139. $151,139
i S0
151,1391 $151,139
Tax Increment Transfers Out $0
(To the Low and Moderate Income Housing Fund)
Total Other Financing Sources (Uses) s0 S151,139 ($151,139) $0 $0
Statement of Income and Expenditures - Other Financing Sources Page 1
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11/30/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures - Other Financing Sources
r --
Fiscal Year 12011
Project Area Name Proiect Area 1
Capital Project Debt Service Low /Moderate Speclal
Funds Funds Income Housing Revenue/Other Total
Excess (Deficiency) of Revenues and ($3,694,939) $31,332 $489,773 $0 1 ($3,173,834)
Other Financing Sources over
Expenditures and Other Financing Uses
Equity, Beginning of Period S23,956,B66 S2,178,925 $7,756,628 $0 $33,892,419
Prior Period Adjustments SO
Residual Equity Transfers SO
Equity, End of Period $20,261,927 S2,210,257 $8,246,401 SO ` $30.718,585
Statement of Income and Expenditures - Other Financing Sources Page 2 11/30/2011
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Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Balance Sheet - Assets and Other Debits
Low /Moderate Special
Fiscal Year 2011 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed
Funds Funds Funds Funds Term Debt Assets Total
Assets and Other Debits
Cash and Imprest Cash L 11,698,7101 325,486
571,499 1
$12,595,695
_
Cash with Fiscal Agent 1,88a,771
—�
$1,884,771
Tax Increments Receivable
SO
Accounts Receivable 12,5781
7,2521 1
519,830
Accrued Interest Receivable 20,199 j
546
$20,745
Loans Receivable i
616,3841 1
$616,384
Contracts Receivable
j $0
Lease Payments Receivable
i
$0
Unearned Finance Charge i
50
Due from Capital Projects Fund
SO
_
Due from Debt Service Fund
$0
Due from Low/Moderate
Income Housing Fund
_
$0
Due from Special
$0
Revenue /Other Funds
Balance Sheet - Assets and Other Debits Page 1 11/30/2011
N
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Balance Sheet - Assets and Other Debits
Low /Moderate Special
Fiscal Year 2011 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed
Funds Funds Funds Funds Term Debt Assets Total
Investments $0
Other Assets $0
Investments: Land Held for 1 12,493,5631 8,302,304 $20,795,867
Resale
Allowance for Decline In
I $0
Value of Land Held for Resale
Fixed Assets: Land,
$0
Structures, and Improvements
_
Equipment
$0
Amount Available In Debt
$0
_
Service Fund
Amount to be Provided for _ 28,155,000 528,155,000
Payment of Long -Term Debt
Total Assets and Other $24,225,050 $2,210,257 $9,497,95F—1 $0 $28,155.005-1 $0 1 $64,088,292
Debits
(Must Equal Total Liabilities,
Other Credits, and Equities)
Balance Sheet - Assets and Other Debits Page 2
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11/30/2011
Fiscal Year 2011
Liabilities and Other Credits
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Balance Sheet - Liabilities and Other Credits
Low /Moderate Special
Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed
Funds Funds Funds Funds Term Debt Assets Total
Accounts Payable 1 3,803,6401 1 6291 _ _ j j j $3,804,269
Interest Payable $0
Tax Anticipation Notes Payable I SO
Loans Payable ; SO
Other Liabilitles 159,483 1,250,955 $1,410,438
Due to Capital Projects Fund I SO
Due to Debt Service Fund i i $0
Due to Low /Moderate i SO
Income Housing Fund
Due to Special $0
Revenue /Other Funds
Tax Allocation Bonds Payable j 28,155,000 $28,155,000
Lease Revenue, Certificates of
Particlpatlon Payable, SO
Financing Authority Bonds
All Other Long -Term Debt $0
Total Liabilities and Other $3,963,123 $0 $1,251,584 $0 $28,155,000 j 533,369,707
Credits
Balance Sheet - Liabilities and Other Credits
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Page 1
11/30/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Balance Sheet - Liabilities and Other Credits
Low /Moderate Special
Fiscal Year 2011 Capital Projects Debt Service Income Housing Revenue/Other General Long- General Fixed
Funds Funds Funds Funds Term Debt Assets Total
Equities
Investment In General Fixed $0
Assets
Fund Balance Reserved 19,619,289 1,884,771 8,302,304 j $29,806,364
Fund Balance 325 485 55,903 �� $269,583
U n reserved- Designated
Fund Balance 642,638 4 $642,638
Un reserved - Undesignated
Total Equities $20,261,927 $2,210,257 $8,246,401 $0 $0 530,718,585
Total Liabilities,
Other Credits, and
Equities
$24,225,050 $2,210,257 $9.497,987-1 $0 S28,155,000 $5 S64,088,292
Balance Sheet - Liabilities and Other Credits
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11/30/2011
Redevelopment Agency Of The City Of Moorpark
Redevelopment Agencies Financial Transactions Report
Statement of Income and Expenditures - Summary, Combined Transfers In /Out
Fiscal Year 2011
Operating Transfers In
Tax Increment Transfers In
Operating Transfers Out
Tax Increment Transfers Out
Statement of Income and Expenditures - Summary,
Combined Transfers In /Out
W
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I S151,139
SO
S151,139
50
Page 1
11/30/2011
Project Area
MOORPARK PROJECT
California Redevelopment Agencies - Fiscal Year 201012011
Project Area Contributions to Low and Moderate Income Housing Funds
Sch A Project Area Summary Report
MOORPARK
Amount Taxlncr. Percent Total
100% of Tax 20% Set Aside Taxlncrement Amount Suspended Deposltedto of Tax Repayment Other Depositedto
Increment Requirement Allocated Exempted and/or Deferred Hsng Fund lncr Dep Deferrals Income Housing
$6,755,960 $1,351,192 $1,351,192 $0
Agency Totals: $6,755,960 $1,351,192 $1,351,192 $0
$0
$1,351,192
20%
$0
$1,569,845
$2,921,037
$0
$1,351,192
20%
$0
$1,569,845
$2,921,037
Note: Print this report in Landscape Orientation (Use the Print lcon Just above, then Properties then Landscape)
Page 1 of 1
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11130111
D
D
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2
M
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CA)
California Redevelopment Agencies- Fiscal Year 201012011
Project Area Contributions to Low and Moderate Income Housing Fund
SchA Project Area Financial Information
Agency MOORPARK
Address 799 Moorpark Ave.
Moorpark
CA
93021
Project Area MOORPARK PROJECT
Type: Inside Project Area
Status: Active
Plan Adoption: 1989
Plan Expiration Year:
2030
Amount
Gross Tax Calculated
Amount Amount
Suspended Total
Increment Deposit
Allocated Exempted
and/or Deferred Deposited
o/
$6,755,960 $1,351,192 $1,351,192 $0 $0 $1,351,192 20%
Repayment
Category
Interest Income
Loan Repayments
Other Revenue
Rental/Lease Income
Total Additional Revenue
Total Housing Fund Deposits for Project Area
Agency Totals For All Project Areas:
Gross Tax Calculated Amount
Increment Deposit Allocated
$6,755,960 $1,351,192 $1,351,192
Amount
$0
$36,936
$349,607
$1,147,421
$35,881
$1,569,845
$2,921,037
Amount Suspended
and /or Deferred Total
Exempted Deposited
$0 $0 $1,351,192
Total Additional Revenue from Project Areas: $1,569,845
Total Deferral Repayments: $0
Total Deposit to Housing Fund from Project Areas: $2,921,037
Page 1 of 1
11130111
Cumulative
Del.
$0
Cumulative
Def.
20% $0
35
California Redevelopment Agencies - Fiscal Year 201012011
Status of Low and Moderate Income Housing Funds
Sch C Agency Financial Summary
M OORPARK
Adjusted Project
Beginning Area
Balance Receipts
Agency
Other
Revenue
Total
Expenses
Net Other Total
Resources Housing Housing Encum-
Available Fund Assets Fund Assets brances
' Unen- Unen-
cumbered cumbered
Balance Designated
Unen-
cumbered
Not Dsgntd
$0 $2,921,037
$0
$2,431,264
$489,773 $8,302,304 $8,792,077 $0 $489,773 $0
$489,773
Expenses Debt Service
On/Off- -She
Other
Planning and Property
Subsidies
Improvements
Administration Acquisition
F`l
Costs
2010120111' $171,781 $59,040 $812,900 i $392,606 — $377,383 $617,554 1$2,431,264
'The Unencumbered Balance is equal to Net Resources Available minus Encumbrances
Note: Print this report in Landscape Orientation (Use the Print Icon just above, then Properties then Landscape)
Page 1 of 1 11130111
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01
California Redevelopment Agencies - Fiscal Year 2010/2011
Status of Low and Moderate Income Housing Funds
Sch C Agency Financial and Program Detail
M OORPARK
Beginning Balance $0
Adjustment to Beginning Balance $0
Adjusted Beginning Balance $0
Total Tax Increment From PAW $1,351,192 Total Receipts from PA(s) $2,921,037
Other Revenues not reported on Schedule A $0
Sum of Beginning Balance and Revenues $2,921,037
Expenditure
Item Subitem Amount Remark
Debt Service
Debt Principal Payments Revenue Bonds & Certificates of $41,139
Participation
Debt Principal Payments Tax Allocation, Bonds & Notes $110,000
Interest Expense $20,642
Subtotal of Debt Service $171,781
OWOff- -Site Improvements
$59,040
Subtotal of On/OK- -Site Improvements $59,040
Other
$812,900 Community
Development
Subtotal of Other $812,900
Planning and Administration Costs
Administration Costs $363,064
Professional Services $29,542
Subtotal of Planning and Administration Costs $392,606
Property Acquisition
Page 1 of 4
11/30/11
37
Expenditure
Item
1 Property Acquisition
Acquisition Expense
Relocation Costs
California Redevelopment Agencies - Fiscal Year 201012011
Status of Low and Moderate Income Housing Funds
Sch C Agency Financial and Program Detail
M OORPARK
Subitem Amount Remark
Subtotal of Property Acquisition
$303,089
$74,294
$377,383
Subsidies from the LMIHF
1stTime Homebuyerpown Payment $617,554
Assistance
Subtotal of Subsidies from the LMIHF $617,554
Total Expenditures $2,431,264
Net Resources Available $489,773
Indebtedness For Setasides Deferred $0
Other Housing Fund Assets
Category
Amount
Remark
SERA Total Receivable
$0
Value of Land Purchased with Housing Funds $8,302,304
Total Other Housing Fund Assets $8,302,304
Total Fund Equity $8,792,077
200612007 $1269538
200712008 $1377416
sum of 4 Previous Years' Tax Prior Year Ending
Excess Surplus for
200812009 $1410886
Increment for 201012011 Unencumbered Balance
201012011
200912010 $1372988
$5430828 $0
$0
Sum of Current and 3 Previous Years' Tax Increments
$5,512,482
Adjusted Balance
$489,773
Excess Surplus for next year
$0
Net Resources Available
$489,773
Unencumbered Designated
$0
Page
2 of 4 11/30/11
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California Redevelopment Agencies - Fiscal Year 201012011
Status of Low and Moderate income Housing Funds
Sch C Agency Financial and Program Detail
M OORPA RK
Unencumbered Undesignated $489,773
Total Encumbrances $0
Unencumbered Balance $489,773
Unencumbered Balance Adjusted for Debt Proceeds $0
Unencumbered Balance Adjusted for Land Sales $0
Excess Surplus Expenditure Plan No
Excess Surplus Plan Adoption Date
FSlte Improvement Activities Benefiting Households
Income Level Low Very Low
Land Held for Future Development
Site Name Num Of Zonlnq Purchase Estimated
Acres Date Start Date
81 Charles St.
.17
81 First St.
.17
1095 Walnut Cyn
.26
250 E. Los Angeles
.23
460 Charles St.
.17
765 Walnut St.
.35
1113 Walnut Cyn
.25
1123 Walnut Cyn
.26
1293 Walnut Cyn
.27
1331 Walnut Cyn
.27
450 Charles St.
.17
484 Charles St.
.26
1063 Walnut Cyn
.26
1073 Walnut Cyn
.26
124 First St.
.17
285 High St.
.34
Page 3 of 4
11130111
Moderate _ _Total
Remark
acquired FY 03 -04
acquired FY 04 -05
acquiredFY06 -07
acquired FY 06 -07
I
acquired FY 06 -07
i
acquired FY 06 -07
acquired FY 07 -08
acquired FY 07 -08
acquired FY 07 -08
acquired FY 07 -08
acquired FY 07 -08
acquired FY 07 -08
acquired FY 08 -09
acquired FY 06 -09
acquired FY 10 -11
acquired FY 00 -01
39
California Redevelopment Agencies - Fiscal Year 2010/2011
Status of Low and Moderate Income Housing Funds
Sch C Agency Financial and Program Detail
MOORPARK
Land Held for Future Development
Site Name Mum Of Zoning Purchase Estimated
Acres Date Start Date Remark
782 Moorpark Ave .34 acquired FY 00 -01
798 Moorpark Ave .17 acquired FY 01 -02
Use of the Housing Fund to Assist Mortgagors
_ l
Income Adjustment Factors l Requirements Completed
J
Home .I Hope g
Non Housing Redevelopment 1
Funds Usage
Resource Needs I--
LM1HFDeposits/Withdrawls
Document Document Custodian Custodian COPY
Name Date Name Phone Source
Trial Balance 30- JUN -11 Ron Ahlers (805) 517 -6249 City Hall
Achievements
Description
Page 4 of 4 11130/11
BE
ATTACHMENT 4
Moorpark Redevelopment Agency
November 30, 2011
State Controller
Division of Accounting and Reporting
Local Government Reporting Section
11.0. Box 942850
Sacramento, CA 95816
Re: Blight Removal Progress Report, Property Report, and Loan Report for the
Moorpark Redevelopment Project for FY 2010-11
Background
The California Health and Safety Code states that a redevelopment agency shall file with
the State Controller within six months of the end of the year an annual report and an
independent financial audit report; also, as required in Section 33080.1 of the California
Health and Safety Code, every redevelopment agency must include as part of its annual
report a Blight Removal Progress Report, Property Report, and Loan Report.
Blip,ht Removal Progress Report
The Moorpark Redevelopment Agency has undertaken the following programs to
eliminate blight in the Moorpark Redevelopment Project Area:
• Infrastructure Improvements — ongoing projects include various street,
landscaping, and community facilities projects, including improvements on High
Street.
• Affordable I lousing — several programs were active during the reporting year,
including the First Time Homebuyer Program, a I touring Rehabilitation Loan
Program, and a Mobile Home Rehabilitation Program. The Agency and City
regularly hold affordable housing workshops in F'nglish and Spanish to inform
potential first -time homebuyers about affordable housing opportunities.
• Community Enhancement Services —The Agency is assisting with the
development of a human services center located on a 2.5 acre site adjacent to the
Police Services Center, to be known as the Ruben Castro Human Services Center.
The Center is expected to be completed in early 2012.
Property Report
A listing of properties owned by the Agency is included in the Agency's 6/30/11 audited
financial statements, under Note 4.
Loan Report
The Moorpark Redevelopment Agency has not made any loans greater than $50,000 that
are currently in default.
41
il
ATTACHMENTS
CZty o MOOq7GZrk
799 Moorpark Avenue, Moorpark, California 93021 (805) 517 -6200 fax (805) 532 -2545
September 27, 2011
Christine L. Cohen
Auditor - Controller
Hall of Administration
800 South Victoria Avenue
Ventura, CA 93009 -1540
Re: Statement of indebtedness — Redevelopment Agency of the City of Moorpark
Dear Ms. Cohen:
Pursuant to Health and Safety Code 33675(b) please find enclosed the Statement of
Indebtedness for the Redevelopment Agency of the City of Moorpark for the 2011 -12 Tax
Year.
Please contact me at (805) 517 -6249 or Irmina Lumbad, Budget & Finance Manager at
(805) 517 -6242 if you require additional information.
Sincerely,
Q1, Akc/
RON AHLERS
FINANCE DIRECTOR
REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK
cc: Steven Kueny, City Manager
Hugh Riley, Assistant City Manager
David Bobardt, Community Development Director
David Moe, Redevelopment Manager
Irmina Lumbad, Budget & Finance Manager
Debbie Burdorf, Accountant
Doug Anderson, Urban Futures
JANICE S. PARVIN KEITH F. MILLHOUSE ROSEANN MIKOS, Ph.D. DAVID POLLOCK MARK VAN DAM
Mayor Mayor Pro Tern Counci:member Councilmember Councilmember
42
STATEMENT OF INDEBTEDNESS -CONSOLIDATED
FILED FOR THE 2011 -2012 TAX YEAR
Name of Redevelopment Agency The Redevelopment Agency of the City of Moorpark
Name of Project Area Moorpark Redevelopment Project Area
Cover Page
Consolidate on this form all of the data contained on Form A and B (including supplemental pages). Form A is to include all indebtedness
entered into as of June 30 of the Fiscal Year. Form B may be filed at the option of the agency, and is to include indebtedness entered
into post June 30 of the Fiscal Year, parsttant to Health and Safety Code Section 33675(c)(2). This is optional for eac4 agency and is not a
requirement for filing the Statement of indebtedness. The Reconciliation Statement is to include indebtedness from Form A only.
Certification of Chief Financial Officer:
Pursuant to Section 336775 (b) of the Health and Safety Code,
1 hereby certify that the above is a true and accurate Statement
of Indebtedness for the above named agency.
Rev 7/6/2000
1A
W
Ron Ahlers Finance Director
Name Title
2 �1 20
Current
Total
Principal/Interest
Balances Carried Forward From:
Line
Outstanding Debt
Due During Tax Year
Fiscal Period - Totals (From Form A, Page 1 Totals) (1)
$ 182,946,742.00
$ 12,941,509.00
(Optional)
Post Fiscal Period - Totals (From Form I3 Totals) (2)
$ 0.00
$ 0.00
Grand
Totals (32$
182,946,742.00
$ 12,941,509.00
Available Revenues
From Calculation of Available Revenues, Line 7 (4)S
0.00
Net
Requirement (5)$
182,946,742.00
Consolidate on this form all of the data contained on Form A and B (including supplemental pages). Form A is to include all indebtedness
entered into as of June 30 of the Fiscal Year. Form B may be filed at the option of the agency, and is to include indebtedness entered
into post June 30 of the Fiscal Year, parsttant to Health and Safety Code Section 33675(c)(2). This is optional for eac4 agency and is not a
requirement for filing the Statement of indebtedness. The Reconciliation Statement is to include indebtedness from Form A only.
Certification of Chief Financial Officer:
Pursuant to Section 336775 (b) of the Health and Safety Code,
1 hereby certify that the above is a true and accurate Statement
of Indebtedness for the above named agency.
Rev 7/6/2000
1A
W
Ron Ahlers Finance Director
Name Title
2 �1 20
STATEMENT OF INDEBTEDNESS Form A
FILED FOR THE 2011 -2012 TAX YEAR Page 1 of 1 Pages
Name of Redevelopment Agency The Redevelopment Agency cf the City of Moorpark _
Name of Project Area Moorpark Redevelopment Project Area
rnr Indebtedness Entered into as of June 30, 2011
Debt Identification
Orl anal Data
Current
Date
Principal
Term
Intarest
Rate
Total
Interest
Total
Outstanding Debt
PrincipallIffterest
Due Durin Tax Year
A LMI Housing Fund
6/89
36 000,000.00
40 z.
n/a
36,050,569.00
l 370 000.00
B Tax Sharing Agreements
n/a
56,898,920.00
40
n/a
95,354,157.00
3,050,000.00
1999 Tax Allocation Bonds
5/99
9,860,000.00
19 r.
various
5,250,036.00
6,030,082.00
767,913.00
Retnburscment Agreement
n/a
5,000,000.00
n/a
5,000,000.00
(E ) 2001 Tax Allocation Bonds
12/01
11,625,000.00
30 yr.
various
14,331,451.00
20,359,572.00
606,764.00
(F) 2006 Tax Allocation Bonds
12/06
11,695,000.60
30 yr.
various
14,063,875.00
23,545,793.00
540,263.00
G) AB 27 - VARP Payment
6/11
1,606,569.00
1 yr.
n/a
1,606,569.00
1,606 569.00
H
1
(J)
Sub Total,
This P e
$ 182,946,742.00
$ 12 941 509.00
Totals Forward
From All Other Pages
$ -
$ -
Grand
Totals
S 182,946,742.00
$ 12,941,509.00
Available Revenues
From Calculation of Available Revenues
$
Net
Requirement
$ 182,946,742.00
Purpose of Indebtedness:
(A) Section 33334 2 set -aside
(13) Pass through payments
(C) Refunding of 19931.A. Bonds
(D) Advances from City
(E) Project Funding
I
(F) Project Funding
(G) Per Health & Safety Code Section 34194(b)(1)
(H)
(J)
RECONCILIATION STATEMENT - CHANGES IN INDEBTEDNESS Page 1 of 1 Pages
Name of Agency The Redevelopment Agency of the City of Moorpark
Name of Project Area Moorpark Redevelopment Project Area
Tax Year 2011 -2012 Reconciliation Dates: From July 1, 2010 To June 30, 2011
.A
Un
Debt Identification:
Outstanding Debt
All Beginning
Indebtedness
Adjust ents
Amounts Paid Against
Indebtedness, from:
Remaining
Balance
(A +B- G-D -E)
Sol. page and line:
Brief
Description
Increases
(Attach Explanation)
Decreases
(Attach Explanation)
Prior Yr
Current Yr
Tax Increment
Other Funds
Pg 1
Pg 1
Line A
Line A
I.MI Housing Fund
37,401,761.00
17351,192.00
36,050,569.00
Pg 1
Pg 1
Line B
Llne B
Tax Sharing Agreements
98,355,347.00
3,001,190.00
95,354 157.00
Pg 1 IP9
1
Line C
Line C
1999 Tax Allocation Bonds
6 785,776.00
755,694.00
6,030,082.00
Pg 1
Pg 1
Line D
Line D
Reimbursement Agreement
-
5,000,000.00
101,359.00
4,898,641.00
Pg 1
Pg 1
Line E
Line E
2001 Tax Allocation Bonds
20,962 315.00
602,743.00
20,359,572.00
Pg 1
Pg 1
Line F
lune F
2006 Tax Allocation Bonds
24 093,230.00
547,437.00
23,545,793.00
Pg 1
Pg
(Adj. by State DOF)
Line G
Line
Supplemental ERAF
395,977.00
368.00
396,345.00
Pg New
Pg 1
(Per State DOF)
Line
Line G
AB 27 - VARP Payment
-
1,606,569.00
11606 569.00
TOTAL - THIS PAGE
187,994 406.00
67606,937.00
-
6,755,960.00
4,898,641.00
1 82,946,742.00
TOTALS FORWARD
-
_
_
_
_
GRAND TOTALS
S 187,994,406.00
S 6,606,937.00
S -
IS 6,755,960.00
S 47898,641.00
S 182,946,742.00
NOTE: Column A must equal the previous year Statement of Indebtedness Outstanding Debt Column F must equal this year's SOI Outstanding Debt
column. Use the page and line number that the Indebtedness Is listed on in each year as appropriate, and a brief description. Ignore any Indebtedness
fully repaid in the previous year, as it had a zero ending balance. All new indebtedness entered into since the previous SOI is to be listed
below the previous indebtedness. Enter "new" in the "Prior Yr' page and line column for each new Indebtedness.
Rev. 512J94
.A
Un
CALCULATION OF AVAILABLE REVENUES
AGENCY NAME The Redevelopment Agency of the City of Moorpark
PROJECT AREA Moorpark Redevelopment Project Area
TAX YEAR 2011 -2012
RECONCILIATION DATES: JULY 1, 2010 TO JUNE 30, 2011
1. Beginning Balance, Available Revenues
(See Instructions)
Adjustments: Reconcile with financial records of Agency.
2. Tax Increment Received - Gross
All Tax Increment Revenues, to including any Tax Increment
passed through to other local taxing agencies
3. All other Available Revenues Received
(See Instructions)
4. Revenues from any other source, included
in Column E of the Reconciliation
Statement, but not included in (1 - 3) above
5. Sum of Lines 1 through 4
6. Total amounts paid against indebtedness
in previous year. (D + E on Reconciliation Statement)
7. Available Revenues, End of Year (5 - 6)
FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS
$ 6,755,960.00
S -
$ 6,755,960.00
$ 11,654,601.00
NOTES
i
Tax Increment Revenues:
The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing
j agencies pursuant to Health and Safety Code Section 33675. Tax Increment Revenue set -aside In the Low and
Moderate Income Housing Fund will be washed In the above calculation, and therefor omitted from Available
Revenues at year end.
Item 4. above:
This represents any payments from any source other than Tax Increment OR available revenues. For instance, an
agency funds a project with a bond issue. The previous Sol included a Disposition Development Agreement (DDA)
which was fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statement
as fully repaid under the "other" column (Col E), but with funds that were neither Tax Increment, nor "Available Revenues"
as defined. The amounts used to satisfy this DDA would be Included on line 4 above in order to accurately
determine ending "Available Revenues ".
Rey (512194)
ATTACHMENT 6
Moorpark Redevelopment Agency
Notes to Financial Statements
Year Ended June 30, 2011
4) PROPERTY HELD FOR RESALE /DEVELOPMENT
Fiscal Year
A c-q aired
I.ocation
Nature
Carrying_Value
1993 -94
18 high Street
E.conomic Development
$ 425,162
1993 -94
661 Moorpark Avenue
Economic Devclopment
119,363
1999 -00
SW Terminus of Millard Street
Low & Moderate Dousing
170,100
2000 -01
285 High Street
Economic Development
110,737
2000 -01
500 Spring Road
Economic Development
1,741,861
2000 -01
782 Moorpark Avenue
Economic Development
115,271
2001 -02
798 Moorpark Avenue
Economic Development
225,854
2001 -02
83 High Street
Economic Development
883,244
2001 -02
Fitch Avenue Cul -de -sac
Economic Development
1,022,164
2002 -03
467 E High Street
Economic Development
451,439
2002 -03
4 7-5 1 High Street
Economic Development
352.645
2003 -04
81 Charles Street
Low & Moderate I lousing
823,787
2004 -05
81 First Street
Low & Moderate housing
276,013
2005 -06
347 Moorpark Avenue'
Economic Development
668,713
2005 -06
45 High Street
Economic Development
1,250,880
2006 -07
1095 Walnut Canyon Road
Low & Moderate Housing
374,464
2006 -07
250 E Los Angeles Avenue
Low & Moderate Housing
578,814
2006 -07
460 Charles Street
Low & Moderate I lousing
450,860
2006 -07
765 Walnut Street
Low & Moderate Housing
518,026
2006 -07
Lots 69 -82 Princeton Avenue
Economic Development
574,837
2007 -08
1 1 13 Walnut Canyon Road
Low & Moderate Housing
411,800
2007 -08
1123 Walnut Canyon Road
Low & Moderate Housing
488,732
2007 -08
1293 Walnut Canyon Road
Low & Moderate I lousing
535,103
2007 -08
1331 Walnut Canyon Road
Low & Moderate I lousing
397,974
2007 -08
18 High Street
Economic Development
107,800
2007 -08
33 High Street
Economic Development
960,609
2007 -08
450 Charles Street
Low & Moderate Dousing
531,329
2007 -08
484 Charles Street
Low & Moderate I Iousing
498,291
2008 -09
1063 Walnut Canyon Road
Low & Moderate I lousing
474,534
2008 -09
1073 Walnut Canyon Road
Low & Moderate I lousing
301,073
2008 -09
512 Los Angeles Avenue
Economic Development
1,869,200
2008 -09
780 Walnut Street
Low & Moderate Housing
251,041
2009 -10
112 First Street
Low & Moderate Housing
320,443
2009 -10
1083 Walnut Canyon Road
Low & Moderate Housing
703,202
2010 -11
161 Second Street
Economic Development
525,789
2010 -11
450 High Street
Economic Development
928,653
2010-11
124 First Street
Low & Moderate Housing
356,060
Total Property I leld for Resale /Development $ 20,795,867
21
47