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Home My WebLink About1/1/2009 - CRA RESOLUTIONS RESOLUTION NO. 1372 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A PROFESSIONAL SERVICES AGREEMENT IN THE AMOUNT OF $436,850 WITH TERRA NOVA PLANNING & RESEARCH. A5784. WHEREAS, The Community Redevelopment Agency of the City of Palm Springs adopted Resolution Nos. 21518 and 21931 expressing its support and commitment to a proposed campus site; and to apply to the Bureau of Land Management to acquire a 115 acre site for the future campus of the West Valley Education Center of College of the Desert; and WHEREAS, The City through the Community Redevelopment Agency committed to undertake the master planning of the facilities, the entitlement process for the campus, all necessary environmental analysis under NEPA and CEQA; and a specific plan, and WHEREAS, The Community Redevelopment Agency of the City of Palm Springs has determined that there is a need for professional services to conduct necessary planning services, and environmental reviews in conformance with CEQA and NEPA for the acquisition of land and phased implementation of the College of the Desert — Western Coachella Valley Campus (the "Project"); and preparation of a community plan or specific plan, which integrates the Western Coachella Valley Campus with the surrounding neighborhood; and WHEREAS, Consultant is qualified by virtue of its experience, training, education, reputation, and expertise to provide these services and has agreed to provide such services; and WHEREAS, Agency desires to retain Consultant to provide such professional services. THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS. Section 1. Terra Nova Planning & Research, Inc. has met the Agency's requirements to be an organization in good standing. Section 2. The Agency approves the funding request in the amount of $436,860,00 and a Contract Service Agreement in a form acceptable to the Agency Counsel. Resolution No. 1372 Page 2 ADOPTED THIS 4m day of February, 2009 David H. Ready, Exec 'rector .:-ATTEST: ' mes Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No.1372 is a full, true and correct copy, and was duly adopted at regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 4�h day of February 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. lames Thompson, Assistant Secretary - - Y Community Redevelopment Agency ,)210 / q '_2� kc City of Palm Springs, California RESOLUTION NO. 1373 A RESOLUTION OF THE COMMUNITY REDEVELOMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR THE FISCAL YEAR 2008-09 FOR THE COLLEGE OF THE DESERT WESTERN COACHELLA VALLEY CAMPUS PLANNING SERVICES. WHEREAS, Resolution No. 1365 approving the budget for the fiscal year 2008-09 was adopted on June 18, 2008; and WHEREAS, the City Manager/Executive Director has recommended, and the Agency Board desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1365, adopting the budget for the 2008-09 fiscal year is hereby amended as follows: SECTION I. ADDITIONS Fund Activity Account Amount 811 Terra Nova 8191-65194 $250,000 Planning & Research, Inc. Purpose: To provide funding for downtown consulting services. SECTION 2. SOURCE Fund Activity Account Amount 811 Fund Balance 8191-29301 $250,000 ADOPTED this 4�h day of February, 2009 David H. Ready, Exe 'rec--tor ATTEST: - -- ` -�'_ ��mos Thompson, Assistant Secretary Resolution No. 1373 Page 2 CERTIFICATION: STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No.1373 is a full, true and correct copy, and was duly adopted at regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 4`h day of February 2009, by the following vote: AYES: Agency Member Foat,Agency Member Hutcheson,Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. /10mes Thompson, Assistant Secretary /Community Redevelopment Agency-/d�rZopcf City of Palm Springs, California / RESOLUTION NO. 1374 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING THE PLANS, SPECIFICATIONS AND ESTIMATE (PS&E) AND AUTHORIZING BIDDING OF THE SOUTH PALM CANYON DRIVE WIDENING PROJECT (CITY PROJECT NO. 05-03). WHEREAS, the Community Redevelopment Agency of the City of Palm Springs, California, ("Agency"), is constituted under the Community Redevelopment Law (California Health and Safety Code Section 33000 (et. seq.) to carry out the purpose of redevelopment in the City of Palm Springs, ("City"); and WHEREAS, pursuant to Section 33447 of the Community Redevelopment Law, the Agency may finance the construction of public improvements that will enhance the environment of residential neighborhoods containing housing for persons and families of low or moderate income, including very low income households; and that will be of benefit to the project area; and WHEREAS, pursuant to Section 33447 of the Community Redevelopment Law, public improvements eligible for financing including street improvements; and WHEREAS, on April 21, 2004, the City of Palm Springs Financing Authority, the Agency, and City Council of the City, approved certain actions associated with Merged Project No. 1 and Merged Project No. 2 Tax Allocation Bonds, establishing tax increment revenue specifically allocated to the construction of the South Palm Canyon Drive Widening. THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: The construction documents (Plans, Specifications and Estimate [PS&E]) for the widening of South Palm Canyon Drive from two (2) to four (4) lanes between Murray Canyon Drive and Bogert Trail, including a widened bridge structure and associated improvements within Cherly Creek (Arenas Canyon North drainage channel), City Project No. 05-03, are hereby approved, and construction bidding of City Project No. 05-03 is hereby authorized. ADOPTED THIS 4TH DAY OF FEBRUARY, 2009. Tom Wilson, Abling Executive Director ATTEST: es Thompson, Assistant Secretary Resolution No. 1374 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1374 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 4"' day of February, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. trines Thompson, Assistant Secretary. -. Community Redevelopment Agency,,/�f oo�I City of Palm Springs, California RESOLUTION NO. 1375 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT No. 1 TO THE DISPOSITION AND DEVELOPMENT AGREEMENT WITH ENDURE, LLC (FORMERLY GEIGER, LLC) FOR THE DEVELOPMENT OF THE SPRINGS PROJECT. The Community Redevelopment Agency of the City of Palm Springs ("Agency") finds: A. On November 16, 2005, the Agency and Geiger LLC, now known as Endure, LLC, ("Developer") entered into a Disposition and Development Agreement ("DDA") for the sale of Agency real property and the development of a commercial retail center commonly referred to as the "Springs." B. The Agency property was formerly a landfill and required extensive remediation of soil conditions to make the property marketable and suitable of commercial use. Developer has incurred over $13,000,000 in total costs for the remediation of the property. The proposed amendment to the DDA would authorize the Agency to pay $1,385,000 towards the cost of remediation and ongoing monitoring costs in five equal annual payments of $277,000, without interest. The Agency's payment towards remediation and monitoring costs added to the fair market value of the land of $4,480,000 is less that half of the total cost of remediation that the Developer paid at its sole cost and expense. C. The Agency reaffirms its findings in contained in Resolution No. _ approving the original DDA, and finds that such findings remain fully applicable to the current situation and the First Amendment to the DDA. NOW, THEREFORE, the Community Redevelopment Agency of the City of Palm Springs resolves: 1. The First Amendment to the Disposition and Development Agreement with Endure LLC (formerly Geiger LLC) is approved. 2. The Executive Director of the Agency or his designee is authorized to execute all necessary documents, in a form approved by Agency Counsel. Resolution No. 1375 Page 2 ADOPTED this 18" day of February, 2009. Tom Wilson, Acting Executive Director ATTEST: Y es_Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1375 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 18th day of February, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, and Chair Pougnet. NOES: None. ABSENT: Vice Chair Mills. ABSTAIN: None. es Thompson, Assistant Secretary mmunity Redevelopment Agency o9lz . City of Palm Springs, California RESOLUTION NO. 1376 A RESOLUTION OF THE COMMUNITY REDEVELOMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2008-09. WHEREAS, Resolution No. 1365 approving the budget for the Fiscal Year 2008-09 was adopted on June 18, 2008; and WHEREAS, the Executive Director has recommended, and the Agency Board desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1365, adopting the Fiscal Year 2008-09 Budget is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount 851 8201 49625 $855,000 Merged Area #1 Central Business City Loan Principal District Purpose: To provide funding for partial advance call on Land Purchase note for Village Green. SECTION 2. SOURCE Fund Activity Account Amount 811 29301 $855,000 Merged Area #1 Fund Balance ADOPTED this 18th day of February, 2009. Tom Wilson, Ming Executive Director ATTEST: �ames Thompson, Assistant Secretary Resolution No. 1376 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1376 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 18"' day of February, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, and Chair Pougnet. NOES: None. ABSENT: Vice Chair Mills. ABSTAIN: None. ?J�ms Thompson, Assistant-Secretary,munity Redevelopment Agency f Palm Springs, California CZ1L5fZpc� RESOLUTION NO. 1377 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, RESERVING FUNDS FOR FUTURE PAYMENTS FROM FRANCES STEVENS PARK FOR FISCAL YEAR 2009-10. THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Council of the City of Palm Springs, pursuant to authority provided under Health and Safety Code Section 33220, approved the sale on December 12, 2007 of a parcel of land and improvements to the Community Redevelopment Agency of the City of Palm Springs, commonly referred to as Frances Stevens Park, located within Merged Project Area No. 1. The City Council found the sale of this parcel of land to the Community Redevelopment Agency of the City of Palm Springs will aid in the planning, undertaking, construction, and operation of redevelopment within Merged Project Area ##1. SECTION 2. Pursuant to the Promissory Note executed by the Community Redevelopment Agency for the above-mentioned property, the Community Redevelopment Agency hereby reserves funds for principal payments of $855,000 and $410,000 for fiscal year 2009-10, and authorizes and directs the City Manager to execute all documents related to the repayment of principal, to accept payment, and to execute such other documents as may be reasonably necessary or prudent to complete this transaction as provided in this Resolution. ADOPTED this 18th day of February, 2009. Tom Wilson, Acti,ng Executive Director ATTEST: ames Thompson, Assistant Secretary Resolution No. 1377 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 1377 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on the 18th day of February, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, and Chair Pougnet. NOES: None. ABSENT: Vice Chair Mills. ABSTAIN: None. Thompson, Assistant Secretary _dtmes unity Redevelopment Agency V, zoor City of Palm Springs, California RESOLUTION NO. 1378 A RESOLUTION OF THE COMMUNITY REDEVELOMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2008-09. WHEREAS, Resolution No. 1365 approving the budget for the Fiscal Year 2008-09 was adopted on June 18, 2008; and WHEREAS, the Executive Director has recommended, and the Agency Board desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1365, adopting the Fiscal Year 2008-09 Budget is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount No. 001 12416 $1,466,785 General Fund Redevelopment Agency Loans Receivable Purpose: To provide funding for new loan to Merged Area#1 Capital &Admin to cover on- going costs. SECTION 2. SOURCE: Merged Area #1 is concurrently repaying $1,466,785 in loans from the General Fund. Fund Activity Account Amount No. 811 29301 $1,466,785 Merged Area #1 Fund Balance Capital & Admin ADOPTED this 18th day of February, 2009. r �� Tom Wilson, Acing Executive Director ATTEST: =`J mes Thompson, Assistant Secretary Resolution No. 1378 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON,Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1378 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 18�h day of February, 2009, by the following vote: AYES: Agency Member Foat,Agency Member Hutcheson,Agency Member Weigel, and Chair Pougnet- NOES: None. ABSENT: Vice Chair Mills. _ ABSTAIN: None. &/ 9maes Thompson, Assistant Sec retary- ommunity Redevelopment Agency City of Palm Springs, CaliforniaZSZ �� Zia RESOLUTION NO. 1379 A RESOLUTION OF THE COMMUNITY REDEVELOMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2008-09. WHEREAS, Resolution No. 1365 approving the budget for the Fiscal Year 2008-09 was adopted on June 18, 2008; and WHEREAS, the Executive Director has recommended, and the Agency Board desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1365, adopting the Fiscal Year 2008-09 Budget is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount No. 001 12416 $545,000 General Fund Redevelopment Agency Loans Receivable Purpose: To provide funding for new loan to Merged Area #2 Capital &Ad min to cover on- going costs. SECTION 2. SOURCE: Merged Area #2 is concurrently repaying $545,000 in loans from the General Fund. Fund Activity Account Amount No. 812 29301 $545,000 Merged Area #2 Fund Balance Capital & Admin ADOPTED this 18th day of February, 2009. ` � irrr�r_ � / • n tiJ Tom Wilson, Accttng Executive Director 'ATTEST: es Thompson, Assistant Secretary Resolution No. 1379 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1379 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 181h day of February, 2009, by the following vote: AYES: Agency Member Foat,Agency Member Hutcheson,Agency Member Weigel, and Chair Pougnet. NOES: None. ABSENT: Vice Chair Mills. ABSTAIN: None. A lames Thompson, Assistan Secretary- Community Redevelopment Agency City of Palm Springs, California RESOLUTION NO. 1380 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING THE SALE TO THE CITY OF PALM SPRINGS THE PROPERTY LOCATED AT NORTHEAST CORNER OF JIMINEZ CIRCLE AND WEST ROSA PARKS ROAD (APN 669-353-001), IN THE AMOUNT OF $22,500, AND THE ACCEPTANCE OF A PROMISSORY NOTE IN THE AMOUNT OF $22,500. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs does own a parcel of land of approximately 0.2159 acres, which it acquired for the purpose of affordable housing; and WHEREAS, Section 33334.16 of California Redevelopment Law(Health &Safety Code Section 33334.16)declares that"the agency shall, within five years from the date itfirst acquires the property interest forthe development of housing affordable to persons and families of low and moderate income, initiate activities consistent with the development of the property for that purpose'; and WHEREAS, the Agency originally acquired the parcel in 1990, for such purposes, and as such has held the land for longer than the five year limit; and WHEREAS, selling the parcel from the Agency to the City of Palm Springs would help the Agency comply with Section 33334.16. NOW THEREFORE THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS RESOLVES AS FOLLOWS: 1. A Grant Deed conveying the 9,404 square foot parcel, APN 669-353-001, from Agency to the City of Palm Springs in a form approved by Agency Counsel is hereby approved. 2. Purchase and Sale of Real Property Agreement between City and Agency is hereby approved. 3. Authorize and direct the Executive Director or his designee to complete and execute the promissory note and other such documents as may be reasonably necessary or prudent to complete this transaction. Resolution No. 1380 Page 2 ADOPTED THIS 25TH DAY OF MARCH, 2009. David H. Ready, h ve Director ATTEST: ames Thompson, Assistant Secretary CERTIFICATION: STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1380 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 25h day of March, 2009, by the following vote: AYES: Agency Member Foat,Agency Member Hutcheson,Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. " mes Thompson, Assistant Secretary Community Redevelopment Agency City of Palm Springs, California - RESOLUTION NO. 1381 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING THE SALE TO THE CITY OF PALM SPRINGS THE PROPERTY LOCATED AT 3845 EAST RAMON ROAD (APN 680-041-004) IN THE AMOUNT OF $27,460 AND THE ACCEPTANCE OF A PROMISSORY NOTE IN THE AMOUNT OF $27,450. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs does own a parcel of land of approximately 0.21 acres, which it acquired in November, 1992 as part of the City of Palm Springs' settlement of litigation related to AD 157; and WHEREAS, Section 33334.16 of California Redevelopment Law (Health & Safety Code Section 33334.16)declares that"the agency shall,within five years from the date it first acquires the property interest for the development of housing affordable to persons and families of low and moderate income, initiate activities consistent with the development of the property for that purpose"; and WHEREAS, the Agency originally acquired the parcel in 1992,for such purposes, and as such has held the land for longer than the five year limit; and WHEREAS, selling the parcel from the Agency to the City of Palm Springs would help the Agency comply with Section 33334.16. NOW THEREFORE THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS RESOLVES AS FOLLOWS' 1. A Grant Deed conveying the 9,150 square foot parcel, APN 680-041-004, from Agency to the City of Palm Springs in a form approved by Agency Counsel is hereby approved. 2. Purchase and Sale of Real Property Agreement between City and Agency is hereby approved. 3. Authorize and direct the Executive Director or his designee to complete and execute the promissory note and other such documents as may be reasonably necessary or prudent to complete this transaction. Resolution No. 1381 Page 2 ADOPTED THIS 25TH DAY OF MARCH, 2009. David H. Ready, tive Director ATTEST: /James Thompson, Assistant Secretary (� CERTIFICATION: STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1381 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 25th day of March, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson,Agency Member Weigel, and Chair Pougnet. NOES: None. ABSENT: Vice Chair Mills. - ABSTAIN: None. es Thompson, Assistant Secretary ommunity Redevelopment Agency$jyp/To0q City of Palm Springs, California RESOLUTION NO. 1382 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, MAKING CERTAIN FINDINGS WITH RESPECT TO THE 2008-09 DEPOSIT TO THE LOW AND MODERATE INCOME HOUSING FUND. The Community Redevelopment Agency of the City of Palm Springs finds: A. The Community Redevelopment Agency of the City of Palm Springs (the "Agency") has two project areas, namely, Merged Project Area No. 1 and Merged Project Area No. 2 and that the Redevelopment Plans for Merged Project Area No. 1 and No. 2 recognize that the provision of low and moderate income housing outside of the merged project areas will be of benefit to the merged. B. Section 33334.3(i) of the Health and Safety Code of the State of California (the "Law") provides that redevelopment agencies with more than one project area may satisfy the requirements of Sections 33334.2 and 33334.6 of the haw by allocating, in any fiscal year, less than 20 percent in one project area, if the difference between the amount allocated and the 20 percent required is instead allocated, in that same fiscal year, to the Low and Moderate Income Housing Fund from tax increment revenues from other project areas. C. For the fiscal year 2008-09, the Agency desires to satisfy the requirement to deposit 20 percent of tax increment funds from Merged Project Area No. 2 to the Low and Moderate Income Housing Fund by depositing the required amount from tax increment revenues from Merged Project Area No. 1. D. Prior to allocating additional funds from Merged Project Area No. 1 to the Low and Moderate Income Housing Fund to satisfy the requirement to deposit such amount from Merged Project Area No. 2 tax increment revenues, the Agency shall make the finding that the use of the additional funds deposited will be of benefit to Merged Project Area No. 1. E. The Agency's Five-Year Implementation Plan described a need to create 458 affordable housing units between 2004-05 and 2013-14, including 142 very-low income units. F. The Agency has assisted the Vista Sunrise Special Needs Apartments and Coyote Run II Apartments, resulting in the creation of 146 affordable to low and very low income families; G. Additional affordable housing projects that have been proposed and will require Agency assistance are the Garden Springs Apartments and Las Vegas Road Apartments, both located in Merged Project Area No. 1 and Tahquitz Court Housing and Sahara Mobile Home Park Improvements, both located outside either Merged Project Area No. 1 or Merged Project Area No. 2. Resolution No. 1382 Page 2 H. The four projects described in Findings F and G of this resolution, which are proposed to be funded in part with an Agency subsidy from the Low and Moderate Income Housing Fund, will result in the creation or preservation of 350 affordable units. I. The creation or preservation of any of the 350 affordable units outside Merged Project Area No. 1 will be of benefit to Merged Project Area No. 1 and the community and that tax increment revenue deposited in the Low and Moderate Income Housing Fund from Merged Project Area No. 1, which may be spent outside the boundaries of Merged Project Area No. 1, is of benefit to Merged Project Area No. 1. NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, as follows: Section 1. Deposit. For Fiscal Year 2008-09, Merged Project Area No. 2 will not make a deposit of tax increment revenue to the Low and Moderate Income Housing Fund, such amounts to be allocated to and deposited from Merged Project Area No. 1 tax increment revenue. Section 2. Budget and Appropriate. The Agency's 2008-09 budget is hereby amended eliminate the Merged Project Area No. 2 deposit to the Low and Moderate Income Housing Fund and to provide an offsetting increase of $1,548,000 in the Merged Project Area No. 1 deposit to the Low and Moderate Income Housing Fund. Section 3. Effective Date. This resolution shall take effect from and after the date of approval and adoption thereof. ADOPTED THIS 25T" DAY OF MARCH, 2009. 7 7 - David H. Ready, cecutive Director ATTEST: es Thompson, Assistant Secretary Resolution No. 1382 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1382 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 25ih day of March, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, Assistant Secretary�.`-, Community Redevelopirfi'ent Agency fd�ZDp9 City of Palm Springs, California RESOLUTION NO. 1383 A RESOLUTION OF THE COMMUNITY REDEVELOMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE. BUDGET FOR FISCAL YEAR 2008-09. WHEREAS, Resolution No. 1365 approving the budget for the Fiscal Year 2008-09 was adopted on June 18, 2008; and WHEREAS, the Executive Director has recommended, and the Agency Board desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1365, adopting the Fiscal Year 2008-09 Budget is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount 851 8201 Central 66021 Area #2 $ 1,548,000 Mer ed Area #1 Business District Set-aside Offset Purpose: To provide funding for FY 08-09 Merged Area #2 Low/Mod Housing set-aside from Merged Area #1 SECTION 2. SOURCE Fund Activity Account Amount 851 29301 $ 1,548,000 Merged Area #1 Fund Balance ADOPTED this 25th day of March, 2009. David H. Read utive Director ATTEST: ies Thompson, Assistant Secretary Resolution No. 1383 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1383 is a full, true and correct copy, and was duly adopted at a meeting of the Community Redevelopment Agency of the City of Palm Springs on the 251h day of March, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet- NOES: None. ABSENT: None. ABSTAIN: None. Z)ld _ 1 mes Thompson, Assistant Secretary Community Redevelopment Agency 04/1?)Jrb ll City of Palm Springs, California RESOLUTION NO. 1384 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, MAKING CERTAIN FINDINGS WITH RESPECT TO THE 2008-09 PAYMENT TO THE EDUCATION REVENUE AUGMENTATION FUND AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO. The Community Redevelopment Agency of the City of Palm Springs finds: A. Assembly Bill 1389, adopted by the State Legislature in September 2008 and signed by the Governor on September 30, 2008, added Section 33685 to the Health and Safety Code of the State of California (the "Law"). B Section 33685(a)(1) of the Law requires redevelopment agencies to make a payment on or before May 10, 2009 to the county Educational Revenue Augmentation Fund- C. The amount required by Section 33685(a)(1) of the Law to be paid by the Community Redevelopment Agency of the City of Palm Springs (the "Agency") is $864,927. D. Pursuant to Section 33685 (b)(1), an agency may borrow up to 50 percent of the amount required to be allocated to the Low and Moderate Income Housing Fund, pursuant to Sections 33334.2, 33334.3, and 33334.6 of the Law if the agency finds that there are insufficient funds to meet this obligation. E. Agency funds in its Debt Service and Capital Improvement Funds have been earmarked for existing bonded debt obligations, payment under development agreements and payments under property acquisition agreements with the City. F. In addition to its bonded indebtedness and tax sharing obligations, the Agency has obligations relating to the Springs development (remediation costs) as well as the College of the Desert campus. G. If the Agency does not reserve the balance of its currently available funds to secure the payments due under the agreements with the City, the City's ability to fund essential City services will be Impaired- H. Based on obligations described in Findings E, F and G of this resolution, there are insufficient funds to meet the requirements of Section 33685(a) of the Law and the Agency will borrow the amount required from the Low and Moderate Income Housing Fund. I. The Agency's payment to the county Educational Revenue Augmentation Fund and the borrowing from the Low and Moderate Income Housing Fund is less than Resolution No 1384 Page 2 50 percent of the amount required to be allocated to the Low and Moderate Income Housing Fund, pursuant to Sections 33334.2, 33334.3, and 33334.6 of the Law. J. The Agency must repay amounts so borrowed within 10 years from the date of the payment to the county Educational Revenue Augmentation. NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, as follows: SECTION 1. Loan. The Agency hereby approves a loan from the Agency's Low and Moderate Income Housing Fund in the amount of $864,927 to pay the amount due pursuant to Section 33685(a) of the Law. No moneys held in Agency's Low and Moderate Income Housing Fund as of July 1, 2008 will be used to provide funds for such loan. SECTION 2. Repayment. The Agency will repay such amounts to the Low and Moderate Income Housing Fund no later than 10 years after the date of the payment to the Riverside County Educational Revenue Augmentation Fund, without interest. SECTION 3. Subordination. The obligation of the Agency to repay the Low and Moderate Income Housing Fund shall be subordinate to the lien of any pledge of collateral securing, directly or indirectly, the payment of the principal, or interest on any bonds of the Agency including, without limitation, bonds secured by a pledge of taxes allocated to the Agency pursuant to Section 33670 of the Law. The Agency shall factor in the fiscal obligations created by this Resolution when issuing bonded indebtedness. SECTION 4. Budget and Appropriate. The Agency's 2008-09 budget is hereby amended to include the loan from the Low and Moderate Income Housing Fund and the corresponding payment to the Riverside County Educational Revenue Augmentation Fund. SECTION 5. Effective Date. This resolution shall take effect from and after the date of approval and adoption thereof. ADOPTED THIS 25TH DAY OF MARCH, 2009. David H. Read ecutive Director ,•• ATTEST: L ��O /Junes Thompson, Assistant Secretary Resolution No. 1384 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1384 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 25th day of March, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. times Thompson, Assistant-Secretary Community Redevelopment Agency City of Palm Springs, California- RESOLUTION NO. 1385 A RESOLUTION OF THE COMMUNITY REDEVELOMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2008-09. WHEREAS, Resolution No. 1365 approving the budget for the Fiscal Year 2008-09 was adopted on June 18, 2008; and WHEREAS, the Executive Director has recommended, and the Agency Board desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1365, adopting the Fiscal Year 2008-09 Budget is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount 851 8201 Central 65013 $864,927 Merged Area #1 Business District ERAF Purpose: To provide funding for FY 08-09 ERAF payment. The Low/Mod Housing fund will loan the funds at zero interest rate, to be repaid in ten years. SECTION 2. SOURCE Fund Activity Account Amount 882 29301 $864,927 Low/Mod Housing Fund Balance ADOPTED this 25th day of March, 2009. ��— � David H.. Ready, ecutive Director ATTEST: fJ ames Thompson, Assistant Secretary Resolution No. 1385 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1385 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 251h day of March, 2009, by the following vote: AYES: Agency Member Foat,Agency Member Hutcheson,Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, Assistant Se — tart' Community Redevelopment Agency��d�z pQ City of Palm Springs, California d RESOLUTION NO. 1386 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AND AUTHORIZING AND DIRECTING EXECUTION OF A FOURTH SUPPLEMENTAL INDENTURE RELATING TO ITS MERGED PROJECT NO. 1 ALLOCATION BONDS, 2007 SERIES A, AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs (the "Agency") is authorized pursuant to the Community Redevelopment Law, being Part 1 of Division 24 (commencing with Section 33000) of the Health and Safety Code of the State of California (the "Law") to issue its tax allocation bonds for the purpose of financing and refinancing redevelopment activities with respect to its Merged Project No. 1 ("Merged Project No. 1"); WHEREAS, for the purpose of financing and refinancing redevelopment activities with respect to Merged Project No. 1, the Agency issued its $14,240,000 aggregate principal amount of Community Redevelopment Agency of the City of Palm Springs (Merged Project No. 1) Tax Allocation Refunding Bands, 2004 Series A, pursuant to an Indenture of Trust (the "2004 Bonds Indenture"), dated as of May 1, 2004, by and between the Agency and BNY Western Trust Company, as trustee ; WHEREAS, for the purpose of financing additional redevelopment activities with respect to Merged Project No. 1 on a federally tax-exempt basis, the Agency issued its $12,770,000 aggregate principal amount of Community Redevelopment Agency of the City of Palm Springs Merged Project No. 1 Tax Allocation Bonds, 2007 Series A (the °2007 Series A Bonds") and on a federally taxable basis its $1,910,000 aggregate principal amount of Community Redevelopment Agency of the City of Palm Springs Merged Project No. 1 Taxable Tax Allocation Bonds, 2007 Series B (the "2007 Series B Bonds") pursuant to a First Supplement to Indenture of Trust and a Second Supplement to Indenture of Trust, respectively, each dated as of August 1, 2007 and each by and between the Agency and the Trustee, amending and supplementing the 2004 Bonds Indenture (the 2004 Bonds Indenture as amended and supplemented, the "Merged Project No. 1 Indenture"); WHEREAS, proceeds of the 2007 Series A Bonds were deposited in the Merged Project No. 1 2007 Series A Bonds Redevelopment Fund held by the Trustee pursuant to Section 10.07(b) of the Merged Project No. 1 Indenture and the proceeds of the 2007 Series B Bonds were deposited in the Merged Project No. 1 2007 Series B Bonds Redevelopment Fund held by the Trustee pursuant to Section 11.07(b) of the Merged Project No. 1 Indenture; WHEREAS, pursuant to a Third Supplement to Indenture of Trust, dated March 1, 2008, by and between the Agency and the Trustee (the "2008 Third Supplement'), the Agency provided that investment earnings on moneys in the Merged Project No. 1 2007 Resolution No. 1386 Page 2 Series A Bonds Redevelopment Fund and in the Merged Project No. 1 2007 Series B Bonds Redevelopment Fund shall be retained in the respective Funds and used for the purposes of such Funds and amended said Sections 10.07(b) and 11.07(b) accordingly. WHEREAS, proceeds of the 2007 Series A Bonds were also deposited in the Series A Bonds Capitalized Interest Subaccount of the Interest Account held by the Trustee pursuant to Section 10.07(c) of the Merged Project No. 1 Indenture; WHEREAS, the Agency has determined to transfer moneys from the Merged Project No. 1 2007 Series A Bonds Redevelopment Fund in order to make an additional deposit into the Series A Bonds Capitalized Interest Subaccount of the Interest Account to be used for the purposes of such Subaccount and has determined to amend said Section 10.07(c) of the Merged Project No. 1 Indenture accordingly pursuant to a Fourth Supplement to Indenture of Trust, dated as of March 1, 2009, by and between the Agency and the Trustee (the "Fourth Supplement"); WHEREAS, the Agency hereby determines that the amendment to the Merged Project No. 1 Indenture, as above described, will not materially adversely affect the Owners of the Bonds within the meaning of Section 7.01(b) of the Merged Project No. 1 Indenture and, therefore, such amendment does not require Bondowner or Insurer consent within the meaning of the Merged Project No. 1 Indenture; and WHEREAS, the Agency, with the aid of its staff, has reviewed the Fourth Supplement and the Agency wishes at this time to approve the Fourth Supplement in the public interests of the Agency; NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, as follows: Section 1. Approval of Fourth Supplement. The Agency hereby approves the Fourth Supplement (being supplemental to the Merged Project No 1 Indenture) in substantially the form thereof on file with the Secretary together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director, and execution of the Fourth Supplement shall be deemed conclusive evidence of the Agency's approval of such additions or changes. The Executive Director and Secretary of the Agency are hereby authorized and directed to execute, attest and affix the seal of the Agency to the Fourth Supplement for and in the name and on behalf of the Agency. The Agency hereby authorizes the delivery and performance of the Fourth Supplement. Section 2. Effective Date. This resolution shall take effect from and after the date of approval and adoption thereof. Resolution No. 1386 Page 3 ADOPTED THIS 25T" DAY OF MARCH, 2009. David H. Ready, Ive Director ATTEST: -- ~ ames Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1386 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 25�h day of March, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, Assistant Secretary - Community Redevelopment Agency�f p�)gpp� City of Palm Springs, California _� RESOLUTION NO. 1387 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS APPROVING AMENDMENT NO. 1 TO THE OWNER PARTICIPATION AGREEMENT WITH COACHELLA VALLEY HOUSING COALITION DBA DESERT HIGHLAND ASSOCIATES, LP, TO PROVIDE $400,000 IN ADDITIONAL ASSISTANCE AND REDUCTION OF THE LOAN INTEREST RATE FOR THE DEVELOPMENT OF THE ROSA GARDENS APARTMENTS, A 57-UNIT APARTMENT PROJECT ON A 4.45 ACRE SITE AT 555 WEST ROSA PARKS ROAD IN THE DESERT-HIGHLAND GATEWAY ESTATES NEIGHBORHOOD, INCREASING THE AGENCY FINANCIAL PARTICIPATION TO $1,600,000 IN GAP FINANCING, MERGED PROJECT AREA NO. 1. A0531 C. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs (the "Agency") has established an affordable housing setaside fund in accordance with Section 33000 et. seq. of the California Health and Safety Code; and WHEREAS, the funds are earmarked for the acquisition, construction, or rehabilitation of affordable housing to benefit the community; and WHEREAS, Rosa Gardens Apartments, proposed for low-income families, was approved on February 13, 2008 by the Palm Springs Planning Commission; and WHEREAS, the property developers, Coachella Valley Housing Coalition dba Desert Highland Associates, LLC, sought Agency financial assistance to cover a portion of the development cost; and WHEREAS, the property developers, Coachella Valley Housing Coalition and Desert Highland Associates, LLC, have received project funding from State HOME funds and the State Multi-Family Housing Program (MHP) and will submit a Low Income Housing Tax Credit (LIHTC) application to the California Tax Credit Allocation Committee for the July, 2008 application round and have requested Agency assistance to strengthen the application; and WHEREAS, the Developer and Agency entered an Owner Participation Agreement in February 2008 to provide the Project $1,200,000 in Agency financing; and WHEREAS, while all of the units are income-restricted under agreements with HOME and MHP, the Developer shall agree to restrict, though a Regulatory Agreement Resolution No. 1387 Page 2 approved with the Owner Participation Agreement, the rents on 49% of the proposed units (57) to levels affordable to families with incomes no more than 60% of Area Median Income (AMI); and WHEREAS, the Developer has requested an additional $400,000 in Project assistance and the Loan's interest rate reduction in Project assistance. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, as follows: SECTION 1. The above recitals are true and correct and incorporated herein. SECTION 2. This Amendment No. 1 to an Owner Participation Agreement with Desert Highland Associates, LLC is hereby approved and incorporated herein by this reference. SECTION 3. The Executive Director, or his designee, is hereby authorized to execute on behalf of the Agency the Amendment and other documents necessary to the Agreement, and make minor changes as may be deemed necessary, in a form approved by Agency Counsel. ADOPTED this 25th day of March, 2009. David H. Readyz�ive Director ATTEST: mes Thompson, Assistant Secretary Resolution No- 1387 Page 3 CERTIFICATION STATE OF CALIFORNIA) COUNTY OF RIVERSIDE) ss- CITY OF PALM SPRINGS) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1387 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 25�h day of March, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet- NOES: None- ABSENT: None. ABSTAIN: None. mes Thompson, Assistant Secretary ommunity Redevelopment Agency ro"zOD9 City of Palm Springs, California RESOLUTION NO. 1388 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AN AGREEMENT IN THE AMOUNT OF $591,533.18 WITH G&M CONSTRUCTION FOR THE SOUTH PALM CANYON DRIVE WIDENING, CP 05-03. A5853. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs, California, ("Agency"), is constituted under the Community Redevelopment Law (California Health and Safety Code Section 33000 (et. seq.) to carry out the purpose of redevelopment in the City of Palm Springs, ("City"); and WHEREAS, pursuant to Section 33447 of the Community Redevelopment Law, the Agency may finance the construction of public improvements that will enhance the environment of residential neighborhoods containing housing for persons and families of low or moderate income, including very low income households; and that will be of benefit to the project area; and WHEREAS, pursuant to Section 33447 of the Community Redevelopment Law, public improvements eligible for financing including street improvements; and WHEREAS, on April 21, 2004, the City of Palm Springs Financing Authority, the Agency, and City Council of the City, approved certain actions associated with Merged Project No. 1 and Merged Project No. 2 Tax Allocation Bonds, establishing tax increment revenue specifically allocated to the construction of the South Palm Canyon Drive Widening. WHEREAS, on February 4, 2009, the Agency approved the plans, specifications and estimate and authorized staff to bid the project; and WHEREAS, on May 5, 2009, bids were received for the project. THE. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Agency hereby determines that G&M Construction is the lowest responsive bidder, and hereby approves Agreement No. A5853 in the amount of $591,533.18 with G&M Construction for the South Palm Canyon Drive Widening, City Project No. 05-03. Section 2. The Assistant Executive Director of the Agency and/or his designee, is authorized to execute all necessary documents. Resolution No- 1388 Page 2 ADOPTED this 27th day of May, 2009. David H. Ready, Execs Ire ctor 1A.TTEST: l mes Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1388 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 27th day of May, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, Assistant Secretary_ Community RedevelopmentAgancy City of Palm Springs, California RESOLUTION NO. 1389 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING THE BUDGET FOR FISCAL YEAR 2009-10, AND OTHER SUCH MATTERS AS REQUIRED. WHEREAS, a budget for the fiscal year 2009-10 has been prepared by the Community Redevelopment Agency, Director of Communily & Economic Development, and the Agency Treasurer; and WHEREAS, the Community Redevelopment Agency has examined said budgets and conferred with the Community Redevelopment Agency Executive Director; and WHEREAS, the Community Redevelopment Agency, after due deliberation and consideration, agrees with the budget recommended; and WHEREAS, pursuant to Health & Safety Code Section 33334.3 (d), the Agency hereby finds and determines that the planning and administrative expenses to be paid from the Low and Moderate Income Housing Fund for each redevelopment project are necessary for the production, improvement or preservation of low and moderate income housing and are not disproportionate to the amounts budgeted for the costs of production, improvement or preservation of that housing; and WHEREAS, the Agency's planning and administrative expenses paid from the Low and Moderate Income Housing Fund for the production, improvement or preservation of low and moderate income housing pay for a portion of staff and legal costs necessary to facilitate new construction projects and administer individual rehabilitation and purchase programs, land and property acquisition and disposition, multi-government agreements, and bond issues related to low and moderate income housing. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs as follows: Section 1. That the budget in the amount of $26,981,830 be approved for the following purposes: Capital & Admin. Debt Service Merged Area No. 1 $ 1,634,541 $14,793,617 Merged Area No. 2 353,032 6,765,598 Low & Mod. Income Housing 3,339,191 0 Plaza Theatre 95,851 0 $ 5,422,615 $ 21,559,216 Resolution No. 1389 Page 2 Section 2. That the Finance Director of the City of Palm Springs is authorized to record the budget and such other accounting entries as may be necessary for proper accounting treatment in accordance with rules and regulations applicable to other City of Palm Springs funds. Section 3. That the Work Program for Low and Moderate Income Program in Fiscal Year 2009-2010 is as follows, including total Agency assistance committed: CVHC Rosa Gardens Apartments $400,000 Indian Canyon For-Sale Green Affordable Townhouses Homebuyer Assistance $260,000 Unscheduled Capital Projects $1,840,000 Riverside County Admin Fee $50,000 Section 4. That the accomplishments of the Low and Moderate Income Program in Fiscal Year 2008-2009 are as follows: • Tahquitz Court Apartments. The Agency approved the assignment, assumption and transfer of this property to the non-501 C(3) entity, Tahquitz Associate, LP, for the preservation of this 108-unit apartment complex remaining 15 year affordability. • Rosa Gardens. Coachella Valley Housing Coalition (CVHC) has received all of its financing for this 57 unit apartment project, including tax credits and the Agency commitment of $1.6 million on Rosa Parks Blvd. Construction will commence in summer 2010. • Indian Canyon For-Sale Green Affordable Townhouses. The Agency entered an Exclusive Agreement to Negotiate and Recoverable Grant Agreement with Community Dynamics of Santa Monica to construct up to 53 moderate-income for-sale townhouses on the Agency's 3.6 acre site at Indian and San Rafael. Section 5. The Director of Finance is authorized and shall carry forward to the nearest dollar, as continuing appropriations from Fiscal Year 2008-09 to Fiscal Year 2009-10, the unencumbered balances of Fiscal Year 2008-09 project appropriations not yet completed, for the completion of such projects, as approved by the City Manager/Executive Director, Section 6. The City Manager/Executive Director and City Clerk/Assistant Secretary are hereby jointly authorized to execute any professional services or sponsorship contract specifically funded by the Fiscal Year 2009-10 Budget so long as such contract does not exceed the amount so funded. The authority to enter into agreements pursuant to this provision shall be deemed complementary to and consistent with the authority to enter into contracts provided in City Council Resolution No. 20271 and Agency Resolution No. 1268. Resolution No. 1389 Page 3 Section 7. The Director of Finance is authorized, at the end of the Fiscal Year 2008- 09 and Fiscal Year 2009-10 through the closing of the accounting records for each such fiscal year, to make and record appropriate transfers required to properly account for and balance activity accounts, prior to the completion of the fiscal year audit. ADOPTED THIS 17th day of June, 2009_ David H. Ready, irector AT T EST: mes "1hompson, Assistant Secretary CERTIFICATION STATE. OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1389 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 17th day of June, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. es Thompson, Assistant-Secretary ~� omm unity Redevelopment Agency City of Palm Springs, Californiaa7,t(0jZ009 CITY COUNCIL RESOLUTION NO. 22540 COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO. 1390 A JOINT RESOLUTION OF THE CITY COUNCIL AND COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AUTHORIZING THE CITY ATTORNEY/AGENCY LEGAL COUNSEL TO COOPERATE WITH THE CALIFORNIA REDEVELOPMENT ASSOCIATION, THE LEAGUE OF CALIFORNIA CITIES, AND OTHER CITIES AND COUNTIES IN LITIGATION CHALLENGING THE CONSTITUTIONALITY OF ANY SEIZURE BY STATE GOVERNMENT OF REDEVELOPMENT FUNDS. The City Council of the City of Palm Springs finds: A. The current economic crisis has placed cities under incredible financial pressure and caused them to make painful budget cuts, including layoffs and furloughs of city workers, decreasing maintenance and operations of public facilities, and reductions in direct services to keep spending in line with declining revenues. B. Since the early 1990s the state government has seized $1.04 billion of redevelopment tax increment statewide, and the Governor and Legislature are now considering seizing $350 million each year for three years, beginning in fiscal year 2008 09; and C. On April 30, 2009, in the case of CRA v. Genest, the Sacramento Superior Court found similar efforts by the State to seize redevelopment tax increment for the state general fund to be in direct violation of Article XVI, Section 16 of the State Constitution, added by the voters in 1952 as Proposition 18, which requires that tax increment be used exclusively for the benefit of redevelopment project areas. NOW, THEREFORE, BE IT RESOLVED: SECTION 1. The City Council and the Community Redevelopment Agency of the City of Palm Springs hereby directs the City Attorney/Agency Legal Counsel to take all necessary steps to cooperate with the California Redevelopment Association, the League of California Cities, other cities, counties and redevelopment agencies in supporting litigation against the state of California if the Legislature enacts and the Governor signs into law legislation that unconstitutionally diverts redevelopment tax increment_ SECTION 2. The City Manager/Redevelopment Agency Executive Director shall send this resolution to the Governor and each of the City's state legislators, informing them in the clearest of terms of the City's adamant resolve to oppose any effort to frustrate the will of the electorate as expressed in Article XVI, Section 16 of the City Council Resolution No. 22540 CRA Resolution No. 1390 Page 2 California Constitution concerning the proper use and allocation of redevelopment tax increment; and SECTION 3_ A copy of this Resolution shall be sent by the City Manager/Redevelopment Agency Executive Director to the California Redevelopment Association, the League of California Cities, and other community groups whose members are affected by this proposal to divert redevelopment funds from vital local projects. ADOPTED THIS 1ST DAY OF JULY, 2009, David H. Ready City Manager/Executive Director ATTEST: mes Thompson City Clerk/Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk/Assistant Secretary of the City of Palm Springs/Community Redevelopment Agency, hereby certify that Resolution No. 22540/1390 is a full, true and correct copy, and was duly adopted at an adjourned regular meeting of the City Council/Community Redevelopment Agency of the City of Palm Springs on July 1, 2009, by the following vote: AYES: Council/Agency Member Foat, Council/Agency Member Hutcheson, Council/Agency Member Weigel, and Mayor Pro Tem/Vice Chair Mills. NOES: None. ABSENT: Mayor/Chair Pougnet. ABSTAIN: None. ?esThompson J ,erk/Assistant Secretan r'�l ��z�6q City of Palm Springs, California RESOLUTION N0. 1391 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS APPROVING THE PURCHASE, OF REAL PROPERTY ADJACENT TO MERGED REDEVELOPMENT PROJECT NO, 1, BENEFITING MERGED REDEVELOPMENT PROJECT AREA NO.1 THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, FINDS: A. The City Council of the City of Palm Springs ("City Council") adopted the Amended and Restated Redevelopment Plans for Merged Redevelopment Project No. 1 and Merged Redevelopment Project No. 2 (collectively, the "Project Areas") on February 19, 2003 by Ordinance Nos. 1623 and 1624 and amended said Redevelopment Plans on May 5, 2004 by Ordinance Nos. 1649-1652, B. On July 23, 2003, the City of Palm Springs ("City") entered an Agreement Relating to Real Property, Right of First Refusal, under which the YMCA purchased the facility from the Palm Springs Youth Center. C. The Agency wishes to acquire the real property interest in certain real property (the "Property") near Merged Project Area No. 1 described above, generally being the Property located at 3601 East Mesquite Avenue, Palm Springs (the Family YMCA of the Desert). D. On February 6, 2008, the Agency acquired real property interests from the City including Sunrise Plaza (the Mizell Senior Center leasehold, Boys & Girls Club leasehold, Palm Springs Library, Palm Springs Stadium, Leisure Center, Swim Center, and Skate Park). E. The Property is adjacent to the City's Demuth Park and the Tahquitz Creek Golf Resort, and the acquisition will ensure future development of the Property will be compatible with the needs of the Park and Golf Resort, as well as complement the Agency's acquisition of the other recreational amenities in the City. Future development on the Property may include privately or publicly-owned buildings, facilities, structures, or other improvements within the meaning of Health & Safety Code Section 33446 (the "Statute"). F. Section 33679 of the California Redevelopment Law, California Health and Safety Code Section 33000 et. seq. (the "CRL") states: "[before a redevelopment agency commits to use the portion of taxes to be allocated and paid to an agency pursuant to subdivision (b) of Section 33670 [tax increment financing] for the purpose of paying all or part of the value of the land for, and the cost of the installation and construction of, any publicly owned building, other than parking facilities, the legislative body shall hold a public hearing." Resolution No. 1391 Page 2 G. The allocation of tax increment to the acquisition of the Leasehold property is consistent with the Agency's Implementation Plan. H. On or about July 22, 2009, the City Council made the findings described in Section 33679. THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Agency's Executive Director, or his designee, is hereby authorized to execute all documents related to the purchase and sale, promissory note, and real property lease on behalf of the Agency, in a form acceptable to the Agency Counsel. The purchase price may not exceed $403,393.00. PASSED, APPROVED, AND ADOPTED THIS 22ND DAY OF JULY, 2009. David H. Ready e Director _ATTEST: _ ?ames Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Clerk of the Board of the Community Redevelopment Agency of the City of Palm Springs, do hereby certify that Resolution No. 1391 is a full, true and correct copy, and was adopted at a regular meeting of the Board of Directors of the Community Redevelopment Agency of the City of Palm Springs on July 22, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. Thompson, Ass- ant Secretary0;jImes ommunity Redevelopment Agency Z Zoa4 RESOLUTION NO. 1392 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, MAKING CERTAIN FINDINGS WITH RESPECT TO THE 2009-10 DEPOSIT TO THE LOW AND MODERATE INCOME HOUSING FUND WHEREAS, the Community Redevelopment Agency of the City of Palm Springs (the "Agency") has two project areas, namely, Merged Project Area No. 1 and Merged Project Area No. 2, and the Redevelopment Plans for Merged Project Area No. 1 and No. 2 recognize that the provision of low and moderate income housing outside of the merged project areas will be of benefit to the merged; WHEREAS, Section 33334.3(i) of the Health and Safety Code of the State of California (the "Law") provides that redevelopment agencies with more than one project area may satisfy the requirements of Sections 33334.2 and 33334.6 of the Law by allocating, in any fiscal year, less than 20 percent in one project area, if the difference between the amount allocated and the 20 percent required is instead allocated, in that same fiscal year, to the Low and Moderate Income Housing Fund from tax increment revenues from other project areas; WHEREAS, for the fiscal year 2009-10, the Agency desires to satisfy the requirement to deposit 20 percent of tax increment funds from Merged Project Area No. 2 to the Low and Moderate Income Housing Fund by depositing the required amount from tax increment revenues from Merged Project Area No. 1; WHEREAS, prior to allocating additional funds from Merged Project Area No. 1 to the Low and Moderate Income Housing Fund to satisfy the requirement to deposit such amount from Merged Project Area No. 2 tax increment revenues, the Agency shall make the finding that the use of the additional funds deposited will be of benefit to Merged Project Area No. 1; WHEREAS, the Agency's Five-Year Implementation Plan described a need to create 458 affordable housing units between 2004-05 and 2013-14, including 142 very-low income units; WHEREAS, the Agency has assisted the Vista Sunrise Special Needs Apartments and Coyote Run II Apartments, resulting in the creation of 146 affordable to low and very low income units; WHEREAS, additional affordable housing projects that have been proposed and will require Agency assistance are the Garden Springs Apartments and Las Vegas Road Apartments, both located in Merged Project Area No. 1, and Tahquitz Court Housing and Sahara Mobile Home Park Improvements, both located outside either Merged Project Area No. 1 or Merged Project Area No. 2; Resolution No. 1392 Page 2 WHEREAS, together, these four projects, which are proposed to be funded in part with an Agency subsidy from the Low and Moderate Income Housing Fund, will result in the creation or preservation of 350 affordable units; and WHEREAS, the creation or preservation of any of the 350 affordable units outside Merged Project Area No. 1 will be of benefit to Merged Project Area No. 1 and the community and that tax increment revenue deposited in the Low and Moderate Income Housing Fund from Merged Project Area No. 1, which may be spent outside the boundaries of Merged Project Area No. 1, is of benefit to Merged Project Area No,1; NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, California, as follows: Section 1. Deposit, For Fiscal Year 2009-10, Merged Project Area No. 2 will not make a deposit of tax increment revenue to the Low and Moderate Income Housing Fund, such amounts to be allocated to and deposited from Merged Project Area No. 1 tax increment revenue. Section 2. Budget and Appropriate. The Agency's 2009-10 budget includes a combined $3,513,000 deposit to the Low and Moderate Income Housing Fund from Merged Project Area No. 1. Section 3. Effective Date. This resolution shall take effect from and after the date of approval and adoption thereof. PASSED AND ADOPTED THIS 2nd DAY OF SEPTEMBER, 2009. David H. Read ✓e Director A TTEST-- J es Thompson, Assistant Secretary Resolution No. 1392 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1392 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 2°d day of September, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. 1om es Thompson, Assistant Secretary munity Redevelopment Agenc -f City of Palm Springs, California a �FjfZOp-17 RESOLUTION NO 1393 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, ADOPTING THE CITY OF PALM SPRINGS MUSEUM MARKET PLAZA SPECIFIC PLAN (Ordinance No. 1764) AS THE DESIGN FOR DEVELOPMENT FOR A PORTION OF THE FOCUSED DEVELOPMENT AREA ONE WITHIN THE DESIGN FOR DEVELOPMENT MASTER PLAN AREA. THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS FINDS: A. On July 5, 2006, the Community Redevelopment Agency of the City of Palm Springs approved "Design for Development" master plan boundaries and the Downtown Urban Design Guidelines and Section 14 Master Plan as foundation "design for development" criteria. B. On November 17, 2007, the Community Redevelopment Agency of the City of Palm Springs designated "Focused Development Area One" boundaries within the "Design for Development" master plan area- C. On April 30, 2008 Wessman Development, Inc. presented to the City of Palm Springs a draft Specific Plan for the Museum Market Plaza, an area of land within the "Focused Development Area One" boundaries- D. On May 21, 2008, the City Council of the City of Palm Springs initiated a Specific Plan review process and directed staff`to report on the conformance of the draft Museum Market Plaza Specific Plan with the Palm Springs General Plan, Downtown Design Guidelines, and Palm Springs Zoning Code. E. On December 2, 2009, the City Council certified a Final Environmental impact Report for the Museum Market Plaza Specific Plan and adopted a Statement of Overriding Considerations and a Mitigation monitoring and Reporting Program for the Museum Market Plaza Specific Plan and adopted the Museum market Plaza Specific Plan by Ordinance. F. The Museum Market Plaza Specific Plan is a comprehensive planning document that contains design and development standards in furtherance of the goals of the goals and policies of the Amended and Restated Redevelopment Plan for Merged Redevelopment Project No. 1 of this Agency. G. The Museum Market Plaza Specific Plan is consistent with the Amended and Restated Redevelopment Plan for Merged Redevelopment Project No. 1 of this Agency. NOW, THEREFORE, THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS RESOLVES: Resolution No. 1393 Page 2 SECTION 1. The Museum Market Plaza Specific Plan is adopted as the Design for Development of the Community Redevelopment Agency of the City of Palm Springs for that portion of Focused Development Area One included in the boundaries of the Museum Market Plaza Specific Plan- SECTION 2. All terms, standards, criteria, policies, and regulations contained in the Museum Market Plaza Specific Plan may be enforced or implemented through the Amended and Restated Redevelopment Plan for Merged Redevelopment Project No. 1. SECTION 3. The Environmental Impact Report and all related findings and determinations of the City Council for the Museum Market Plaza Specific Plan, including without limitation the Statement of Overriding Considerations and the Mitigation Monitoring and Reporting Plan, are adopted as the controlling environmental documentation of the Community Redevelopment Agency of the City of Palm Springs in the adoption of this Resolution. ADOPTED this 2nd day of December, 2009- David H. Ready, Exseutlg irector' -ATTEST- me Thompson, Agency Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No- 1393 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 2"d day of December, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Weigel, Vice Chair Mills, Chair Pougnet. NOES: None. ABSENT. None. ABSTAIN: None- - - _ es Thompson, Assistant Secretar} ommunity Redevelopment Agency- City of Palm Springs,-California /Z�� RESOLUTION NO 1394 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, ADOPTING AND APPROVING A FIVE YEAR IMPLEMENTATION PLAN AND AN UPDATED TEN YEAR HOUSING COMPLIANCE PLAN FOR THE PALM SPRINGS MERGED REDEVELOPMENT PROJECT AREAS NOS. 1 AND 2. WHEREAS, Section 33490(a)(1)(A) of the California Community Redevelopment Law, Health & Safety Code 33000 et. seq. ("Redevelopment Law") requires all redevelopment agencies to adopt an Implementation Plan every five years, following a noticed public hearing; and WHEREAS, the Community Redevelopment Agency of the City of Palm Springs ("Agency") adopted the Amended and Restated Redevelopment Plans for Merged Redevelopment Project Area No. 1 and Merged Redevelopment Project Area No. 2 (collectively, the "Project Areas") on February 19, 2003 by Ordinance Nos. 1623 and 1624 and amended said Redevelopment Plans on May 5, 2004 by Ordinance Nos. 1649-1652 and by Ordinance No.1656 on June 16, 2004, and WHEREAS, Section 33490(a)(1)(A) of Redevelopment Law requires that an implementation plan contain the specific goals and objectives of an agency for each 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 Areas and implement the requirements of Sections 33334.2, 33334A, 33334.6, and 33413 of Redevelopment Law; and WHEREAS, Section 33490(a)(2)(c) of Redevelopment Law authorizes redevelopment agencies to adopt a single redevelopment implementation plan for all redevelopment areas within a community; and WHEREAS, pursuant to Section 33490 of Redevelopment Law, the Agency has prepared an Implementation Plan for the Project Areas for fiscal years 2009-10 to 2013- 14 as included herewith as Exhibit `A' ("Implementation Plan"); and WHEREAS, Section 33413(b)(2)(A)(v) of Redevelopment Law provides that the Agency may aggregate affordable housing production needs among its Project Areas if a finding is made that such aggregation will not exacerbate racial, ethnic or economic segregation. On April 4, 2007, the Agency adopted Resolution No. 1324 and determined that the aggregation of housing production activities among the Project Areas will not cause or exacerbate racial, ethnic or economic segregation. WHEREAS, the Agency has conducted a duly noticed public hearing on the proposed Implementation Plan. Resolution No. 1394 Page 2 THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Implementation Plan is hereby authorized and approved. SECTION 2. This approval and adoption of the Implementation Plan does not constitute approval of any specific program, project, or expenditures, and does not change the need to obtain any required approval of a specific program, project, or expenditure from the Agency or City. SECTION 3. That the aggregation of housing production activities among the Project Areas will not cause or exacerbate racial, ethnic or economic segregation. ADOPTED this 161h day of December, 200� David H. Ready, Director Y ATTEST: . . ?Ms-Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1394 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 16t" day of December, 2009, by the following vote: AYES: Agency Member Foat, Agency Member Mills, Agency Member Weigel, Vice Chair Hutcheson, and Chair Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. Ys Thompson, Assistant Secretary munity Redevelopment Agency_ty of Palm Springs;California P2^ZG90 Exhibit A FIVE YEAR IMPLEMENTATION PLAN COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS FY 2009-10 THROUGH 2O13-14 Adopted by the Community Redevelopment Agency Resolution No. 1394 December 16, 2009 • 4; MERGED REDEVELOPMENT PROJECT AREA NOSIA,4�2 ,' Five Year Implementation Plan FY 2009-10 through 2013-14�, TABLE OF CONTENTS INTRODUCTION ,.... ................._.............. ............... ................................__...............I............ I About this Implementation Plan...............................................................................................................................I LegalAuthority.................................. .................. .................. .. . .. ................ .. ....................... .. .................................I ABOUT THE PROJECT AREAS..............._... ............. ..........._....I.......... .........................2 Who, What, Where,When, and Why......................................................................... .............................................2 RECENT REDEVELOPMENT ACCOMPLISHMENTS ................................................................._5 The Public Value & Benefit of Redevelopment........................................................................................... .......5 IMPLEMENTATION PLAN GOALS... ............ ............_............... ...... ................. ........... .....a Community Reinvestment and Revitalization...................................... .............................................. ...............8 PROPOSED REDEVELOPMENT PROGRAM................. ................................_...............11.....I.... 9 Five Year Work Program for Reinvestment& Revitalization......................... .............................. ................9 PROPOSED AFFORDABLE HOUSING PROGRAM............_................I....................... ............. 18 Five Year Work Program for Balanced Communities............................................... ......................................18 AFFORDABLE HOUSING PROGRAM COMPLIANCE OBJECTIVES......................................... 20 Ten Year Outlook of Affordable Housing....................................................... ........................ ......................._20 HousingProduction...... ....................... . .................... ... ................. .. ......................................................................21 ReplacementHousing Needs...... .. .................. .. .. .................. ... ......................................................................24 Low and Moderate Income Housing Fund .. .. ............... ... . . ............... .. .. ..................................................24 Housing Set-Aside Expenditures...................... .................. .. . .. .. ................ ....................................................26 Family Units Assisted by Housing Set-Aside Fund............ . .. ................... ....................... ........................26 Housing Units Constructed During Prior Implementation Plan Without Housing Set-Aside Funds . . ............................................. .. ...................27 MERGED REDEVELOPMENT Five Year Implementation Plan FY • • • • through 2013-14 INTRODUCTION About this Implementation Plan Every five years, redevelopment agencies are required to adopt an implementation plan for each redevelopment project area that establishes five-year operational and financial work programs for carrying out the redevelopment and affordable housing responsibilities of the agency. This Five Year Implementation Plan ("Implementation Plan") for the Community Redevelopment Agency of the City of Palm Springs ("Agency") covers the five-year planning period for fiscal years ("FY") 2009-10 through 2013-14 for the Merged Redevelopment Project Area Nos. 1 and 2 ("Project Areas"). This Implementation Plan also contains an update to the Agency's Housing Compliance Plan ("Housing Compliance Plan") for meeting the Agency's affordable housing requirements for the 10-year compliance period (FY 2004-05 to 2013-14), including obligations for producing, replacing, and expending funds for affordable housing. Legal Authority In 1993, the Legislature passed Assembly Bill 1290 (Chapter 942, Statutes of 1993), which enacted the California Community Redevelopment Law Reform Act and made changes to state redevelopment law (Health and Safety Code §33000 et seq.) ("CRL") in an effort to increase both the effectiveness and accountability of redevelopment agencies. One notable statutory change was the addition of Article 16.5 (§33490 et seq.) to the CRL, which required redevelopment agencies to adopt five year implementation plans for all Project Areas on or before December 31, 1994, and every five years thereafter. CRL §33490(a) requires that the Implementation Plan contain: • The Agency's goals and objectives, programs, and projects within the Project Area for the next five years, including estimated expenditures. • An explanation of how the goals and objectives, programs, projects, and expenditures will eliminate blight and promote affordable housing within the Project Area. • A specific location that addresses the Agency's housing responsibilities, including the Agency's Low and Moderate Income Housing Fund ("Housing Fund") and the Agency's requirements for producing and replacing affordable housing. Given these required contents, the Implementation Plan can naturally serve as more than just a compliance document to adhere to the legal mandates of State law, The Implementation Plan provides the Agency with an opportunity to thoughtfully craft a purposeful and deliberate strategy for the next five years. 1 MERGED REDEVELOPMENT PROJECT AREA NOS.A 2 Five Year Implementation Plan FY • .• • through 2013-14 ABOUT THE PROJECT AREAS Who, What, Where, When, and Why The City of Palm Springs ("City") was established in 1938, Palm Springs lies on the western edge of the Coachella Valley, within the ecological area known as the Colorado Desert. The City is located in central Riverside County, approximately 107 miles east of Los Angeles. Palm Springs covers a geographical area of 96 square miles with well-established neighborhoods. Non-native settlers first arrived after a Southern Pacific Railroad line was completed in 1877 which traveled through the desert to the Pacific Ocean. The town flourished after World War II, experiencing rapid development in housing and business. In the 1870's, nearly 32,000 acres of land was transferred to the Agua Caliente Band of Cahuilla Indians and allotted in the 1950's. As a result of this land transfer, the city developed in a checkerboard pattern, a pattern of growth that is still evident today. In 1972 the Community Redevelopment Agency of the City of Palm Springs was created to address conditions of physical and economic blight in selected portions of the city, beginning with the Central Business District in 1973. Over an 18 year period, a total of ten redevelopment areas throughout the city were established encompassing 3,079 acres, which were later merged into two project areas, Merged Redevelopment Project Area Nos. 1 and 2 ("Project Areas"). Divided generally between areas where tribal lands existed, seven of the original project areas were placed into Merged Project Area No. 1 and the remaining three project areas with tribal lands were placed into Project Area No. 2. The Redevelopment Plans for the Project Areas set forth time limitations with regard to collecting tax increment revenue and plan effectiveness. The following Table 1 presents the current time limits contained in the Redevelopment Plans. 2 MERGED REDEVELOPMENT PROJECT AREA NOS. 1 2 Five Year implementation Plan FY 2009-10 through 2013-14 Table 1:Notable Timeframes for Merged Project Area Nos.1&2 Project Area Plan Eminent Plan Tax Increment Adoption Domain' Termination? Termination Merged Area No.1 _ Central Business District'° 7/71/1973 2/10/2015 7/71/2016 7/11/2026 Ramon-Bogie'' 11/30/1983 2/19/2015 11/30/2026 11/30/2036 South Palm Canyon'd 11/30/1983 2/19/2015 ll/30/2026 11/30/2036 Oasis' 7/10/1984 2/19/2015 7/70/2025 7/10/2035 North Palm Canyon' 9/19/1984 2/19/2015 0/19/2025 9/19/2035 Highland-Gate way° 11/20/1984 2/19/2015 11/20/2025 11/20/2035 Citywide Project No. 94 12/29/1988 2/19/2015 72/29/2029 12/29/2039 Merged Area No.2 Tahquitz-Andreas36 7/19/1083 6/16/2016 7/19/2026 7/19/2036 eansto-Farrell' 5/7/1966 2/19/2015 5/7/2027 5/7/2037 Canyons 7/19/1991 2/19/2015 7/19/2032 7/19/2042 Notes: 'Properties with occupied residential units or tribal lands are exempt from eminent domain. 2 As amended by Ordinance Nos,1649.1650 3 The City Council adopted Ordinance No.1760 on May 27 2009 extending the effectiveness of the Redevelopment Plans and repayment of indetedness in the Project Areas pursuant to SE 1096 "As amended by Ordinance No.1623. s As amended by Ordinance No.1624 s As amended by Ordinance No.1656. Source:Community Redevelopment Agency of the City of Palm Springy Redevelopment DOcuments 3 MERGED REDEVEL6PMENT ImplementationFive Year ••• • through 201'3-14 The map below depicts the location of the Project Areas. Ei— / - -- w 17"I -:.-"+'ti•[+„4':UI.:'.� --r:a _... "i+i'sFi rl-l'i.3.1 .._ C •r,6h-, _ '•"�':,J;" w.l.e . iF!yl:aS'gsr.'ri.c;s �r"'! :-_- :'�.:.Jylntarnw9 oriaj 9nhcx r, ka.r,N ry 1pal rri hiamr 2. 71 ^, =, 1 ti ��',-- _ -- ' Crl4�i'11'}�C;a lad" ';.netip•�-- '� „Y f ',A_,L� ^"_• v��'r"n• �+S..rY'fl"^'_"JI,:.dv.�'IJlaq�:"w .'c=. , m.p r , "4'�' 4 Five Year Implementation Plan FY MERGED REDEVELOPMENT PROJECT AREA NOS. 1 2 through 201944 RECENT REDEVELOPMENT ACCOMPLISHMENTS The Public Value & Benefit of Redevelopment In the last five years, the Agency has completed many successful projects and programs in Merged Redevelopment Project Area Nos. 1 and 2: Palm Canyon Theatre Renovation. The theater is a historical site and a cornerstone of an "arts and entertainment district" Swapping Land; Expanding the in downtown. The BMW Dealership `.«, theater is home to the ' Palm Canyon Theatre In 2003 the Agency purchased a Group and one of the 4.96-acre parcel at the northwest venues for the Palm corner of Sunrise Way and Springs International Tahquitz Canyon Way. The i Film Festival events. Agency facilitated a land swap for ' Improvements to the a parcel on East Palm Canyon i theater included HVAC Drive which was later sold to VIP I upgrades, new Motors for the BMW dealership bathrooms, a marquee expansion. sign and property landscaping. The Negotiations allowed the seller of Agency and the Palm Springs International Film Festival the 4.96-acre parcel to continue to partnered to complete these improvements. I process development plans for a commercial shopping center on Downtown Trash Enclosure and Alleyway Enhancements. I the site. The parcel was The alley between the Pomme Frite Restaurant and the Chop i exchanged with the Indian allottee House is a major entry point from the multi-level parking and the land is leased back to the I structure to the Downtown Central Business District, but theI original developer, who has entry way was not clearly delineated. The trash enclosure proposed a Vons-anchored had a long-standing history of problems with odor, theft, shopping center. dumping, loitering and was generally an eyesore In November 2008, improvements were completed to make the trash enclosure more secure, facilitate in keeping the enclosure tidy and clean, and visually conceal the area from ft " public view. The alleyway behind the downtown parking ' structure and along the north side of the Chop I-louse 1 Restaurant wall was enhanced with new pavers, lighting, and a decorative metal panel arrangement on the north wall of 11 the Chop House Restaurant mimicking the San Jacinto Mountains. Most of the work was carried out on City property; however, a portion of the alleyway work was 1 undertaken on private property. The Agency provided I The expansion of the BMW $390,000 for the design and construction of the dealership on East Palm Canyon improvements. Drive was completed in February 2003, The 39,000 square foot Jackie Lee Houston Plaza. When the Palm Springs automotive dealership is a state- Convention Center was reoriented in 2002 to take I of-the-art auto sales and service advantage of spectacular mountain views from the Center's I center, and the site is large front doors, the City Council approved a lease of the 1.77 enough to accommodate an li acre parcel at the southwest corner of Amado Road and additional dealership in the future. 1 Calle Alvarado in order to prevent new development from Meanwhile, the Voris project was blocking this view. This project consists of an open-air plaza approved by the City in March for the Convention Center, a sculpture park, and attractive 2006, landscaping, Preserving the view and facilitating wider outdoor uses in the front will keep the Convention Center 5 _ MERGED REDEVELOPMENT Five Year Implementat[Qn Plan FY ••• • through 10113-�i4 vital and exciting. The Plaza will also form part of the linkage between hotels in the future and will be an essential element to the Agency's Section 14 Streetscape Plan. The design of the Plaza was completed in 2009 at a cost Brownfield to an of$124,700, funded by the Agency. Construction for the Plaza A Brownfield The Springs began in the fall of 2009 and is scheduled to be completed by early January 2010, at a cost of approximately $1 minion, Shopping Center funded by the City and private entities. The Springs shopping center is Tamarisk Sidewalk Replacement. The Agency removed and located on a former landfill. The replaced a 125-foot section of sidewalk on the north side of property had remained Tamarisk Road from Palm Canyon Road to the east property undeveloped since the landfill limits of the El Paseo Plaza. The sidewalk was in poor ceased operation in the early condition and these improvements were complimentary to the 1960's, due to the technical and renovation of the historic El Paseo Plaza and three Class 1 financial challenges of Historic buildings into a new retail complex with nationally redeveloping the site. The known furniture retailer "Design Within Reach". The Agency Agency purchased the property contributed approximately $13,000 for the replacement of the in 1988 for a future sidewalk. redevelopment opportunity. Facade Improvement Program. In January 2009, in response to a downturn of economic conditions and to encourage ^ .�N.@y, �// ,.airy investments that contribute to the overall revitalization in the I , , , Business Improvement District and Redevelopment Project �� LLU911jr110, " Areas, the Agency launched the Facade Improvement Program. The program provides grants of up to $2,500 and rr^ matching funds up to a maximum Agency contribution of ...-,,, W +..... $5,000, to downtown and uptown businesses to improve the exterior of their buildings. These funds can be used for a number of exterior improvements including signs, awnings, canopies, shades, painting, landscaping, or paving. Thus far, In 2002, thel Agency entered the Agency has received grant requests totaling $250,000 and into an agreement with The has paid approximately $175,000 to eligible applicants. The Charles Company to build a program is ongoing and has been successful in "sprucing up" 400,000 square foot shopping the business district and encouraging tenants and property center on the Agency-owned owners to improve their storefronts. parcel and the adjacent South Palm Canyon Street Widening. In February 2003, the privately-owned parcel. The City's Engineering Department submitted a grant application developer conducted all the for Highway Bridge Replacement Rehabilitation (HBRR) environmental assessments, funding to the California Department of Transportation developed the remedial action (Caltrans) for construction of a new four lane bridge crossing work-plan approved by the of the existing low water crossing of the Arenas Canyon South State, and paid for remediation Drainage channel at South Palm Canyon Drive near Bogert of the site. In March 2004 the Trail. Upon review, Caltrans determined that the City's Agency sold the land to the application was eligible for federal funding through the HBRR developer at fair market value. Program, provided that the City demonstrated that it was The Springs was substantially moving forward with funding and construction of the widening completed in 2008. The Agency of South Palm Canyon Drive to four lanes Subsequently, in is currently working with the 2004 the Agency refinanced bonds to contribute $1 million Developer to secure tenants to towards the widening of South Palm Canyon Drive to facilitate occupy the center. The center the City's HBRR grant application for a new bridge. The consists of up to 30 stores and improvements cost approximately $970,000 and will be eateries with Home Depot as the completed during FY 2009-10, anchor tenant of the center. Future Parking and Hotel Parcel. In September 2007, the Agency purchased the subleasehold interest for a 9.52-acre parcel at the southeast corner of Avenida Caballeros and Amado Road (PSL- 315) for $7.8 million. The purpose of acquiring the subleasehold interest in the parcel was to provide a site for one of the following options: (1) a future expansion of the Convention Center if needed, (2) MERGED REDEVELOPMENT PROJECT AREA NO�!.A & 2 Five Year Implementation Plan FY • .• • through 2013-14 additional public and private parking for the Convention Center and anticipated new hotels, or (3) additional hotel development to serve the Convention Center, Without Agency assistance there would be no possibility of controlling the site for future uses that would be compatible with the Convention Center or potential hotel uses. Future development of the site will assist in eliminating blighted conditions caused by inadequate parking in and around the Convention Center, the downtown, and increased convention and tourism activity will provide additional opportunities to redevelop underperforming commercial development in the City. Downtown Parking Structure Purchase of Sublease Interest. In 2008, the Agency acquired a sublease interest in the Downtown Parking Garage at the northwest corner of Indian Canyon Drive and Baristo Road from the City of Palm Springs. The 375-space garage was developed in 2002 under a novel land acquisition process, whereby several of the property owners traded the underlying land for dedicated parking spaces. Rick Weiss/Vista Sunrise Special Needs Apartments and Family Care Center. Developed by McCormack Baron Salazar of Los Angeles in partnership with Desert AIDS Project, the 80-unit Rick Weiss Special Needs Apartments serves a very low income HIV/AIDS special needs population. The Agency acquired the original parcel in 1979 and held it for affordable housing, which became the Vista Serena and Vista Del Monte Co-op's. Those projects left a remaining 1.23 acres undeveloped for the Vista Sunrise Apartments. The apartment complex is comprised of studio and one-bedroom ` ' '^*, ,, ,, ,.„,��,� •,„„ ter, units for transitional and permanent housing for patients and their families. These apartments are wa r,•�n�tw.w;, _ - envisioned to be a combination of affordable ' housing, social service facilities from the Desert AIDS Project, and health care provided by the County of Riverside Family Care Center. Thee, apartments opened in early 2007, The Agency contributed approximately $2.000,000 in land and cash toward the project and facilitated the ""kaa7Wprwab�Sw-. �. development of the Family Care Center on the " p Y �� . .w. VNw same campus by undertaking the construction of all the off-site improvements along Vista Chino `- ",--, Road and Sunrise Way. The Family Care Center opened in March 200S- Coyote Run II Apartments. The Coachella Valley Housing Coalition (CVHC) built on a six acre site adjacent to the existing Coyote Run I Apartments, a national award-winning - affordable housing complex for very low and low income households. The land was previously owned by the City as a remnant parcel from the original Fredericks Development project (Sunrise Norte) and conveyed to the Agency to contribute to the Coyote Run project. The apartment expansion, completed in September 2006 provided 66 units �! of affordable housing for low income families The Agency worked with the CVHC to construct the expansion. The • m Agency contributed approximately $1,700,000. _ -- _.w--_••— Cottonwood/Chuckwalia Single Family Homes. The Agency assembled a total of ten single-family lots from the Coachella Valley Housing Coalition and the County of Riverside to facilitate development of single-family homes. These homes are affordable to very low, low and moderate-income households for a minimum of 45 years. Desert Highland Infill Program Homebuyer Assistance. The Agency gave assistance to moderate income households for the purchasing of five (5) single family homes in the Desert Highland neighborhood between 2006 and 2008 as part of the Infill Program. These units have 45-year covenants and $50,000 was given to each purchaser. 7 REDEVELOPMENTMERGED Five Year Implementation Plan FY 00• IMPLEMENTATION PLAN GOALS Community Reinvestment and Revitalization The Redevelopment Plans for the Project Areas establish a variety of goals for redevelopment of each constituent Project Area. These goals as well as the sustainability objectives of the City frame the near term redevelopment objectives for the Implementation Plan period. For the purposes of this Implementation Plan, the Redevelopment Plan goals for Merged Project Area Nos. 1 and 2 and their subareas are consolidated and summarized below. Eliminate Blight. Eliminate deteriorated buildings, incompatible and uneconomic land uses, and other environmental, economic and social deficiencies; improve the overall appearance of buildings, streets, parking areas, schools and other facilities, and assure that all buildings are safe for people and businesses to occupy. GLEAN Protect and Enhance Community Character. Preserve artistically, architecturally, and historically worthwhile structures and sites and upgrade urban design standards to (9) provide unity and to encourage community identity. PRESERVE Create a Stronger Local Economy. Strengthen the economic base of the Project Areas and the community at large by installing needed site improvements and stimulating new commercial expansion, employment and economic growth. Establish financial mechanisms to assist and encourage commercial development opportunities. INVEST Improve Public Infrastructure and Services. Provide necessary public improvements, including but not limited to flood control facilities, street improvements, parking supply, and traffic circulation. Develop emergency, cultural, recreational, maintenance, operational, and other services and facilities. ACCESS Use Land Wisely. Assemble land into parcels suitable for modern, integrated development with improved pedestrian and vehicular circulation in the Project Areas. Guide and secure the availability of property to attract major investors and developers. Guide the replanning, redesign and development of undeveloped areas which are GROW stagnant or improperly utilized. Housing for All Families, Protect the health and general welfare of low and moderate income persons by increasing or improving the community's supply of affordable housing. When applicable, provide relocation assistance to displaced residential and a d nonresidential owners and tenants as required by law. LIVE Path to Sustainability. Maximize the community's renewable resources and conserve and restore its limited resources by supporting renewable energy, recycling and reusing of water and materials, and applying high green building standards. PROTECT 8 Five Year Implementation Plan FY • through 2013-14 PROPOSED REDEVELOPMENT PROGRAM Five Year Work Program for Reinvestment & Revitalization Over the next five years, the Agency plans to implement the following redevelopment projects and programs. The list below describes the projects proposed, what blighted conditions would be eliminated, approximate costs, and the Redevelopment Plan goals that would be achieved. MERGED REDEVELOPMENT PROJECT AREA NO, 1 Preliminary Goals Project/Description Cost Estimates Achieved College of the Desert West Valley Campus $6,000,000 - In September 2007 the College of the Desert Board of Trustees $8,000,000 selected the City of Palm Springs as the city for their satellite 0 campus for the Western Coachella Valley Education Center. The INVEST City's primary offer of financial support was to acquire the project site from the Bureau of Land Management (BLM) and develop the initial campus framework, including athletic facilities and circulation infrastructure. These "threshold" improvements could be paid by the City through Quimby fees, private funds, ACCESS Community Development Block Grants (CDBG), the public art program, or the Agency. The City Council ("Council") made a commitment to the development of the campus which pledged the use of the existing James O. Jessie Desert Highland Unity Center and Desert PROTECT Highland Park as joint use facilities, including early use and pledging not less than 50 percent of its "Quimby" park improvement funds to the development of joint use athletic facilities on the site. Agency funds were committed for off-site improvements, including a portion of the construction cost of Sunrise Parkway. The Council also pledged to proceed diligently to seek regional funding sources for the roadway improvements, including Measure A funds and Transportation Uniform Mitigation Funds (TUMF). The Council pledged funds from its Public Arts Program for the design, development, and construction of artistically-designed entry features, among other items. In addition, the City could commit a portion of its CDBG funds to the campus for single-year increments for discrete capital projects. (Highland Gateway). Completion of the project would improve public infrastructure, create new jobs, and will boost the local economy by attracting new businesses and residents to the area. Timeframe.............................................................2006-07 through 2077-72 Costs are subject to change,and completion of these projects may require future action by the Agency. 9 MERGED REDEVELOPMENT PROJECT AREA No& I & 2 Five Year Implementation Plan FY • •- • through 2013-14 MERGED REDEVELOPMENT PROJECT AREA NO.1 Preliminary Goals Project/Description Cost Estimates Achieved Facade Improvement Program Unknown In January 2009 in response to a downturn of economic Since November conditions and to encourage investments that contribute to the 2 overall revitalization in the Business Improvement District and Council has the City CLEAN Redevelopment Project Areas, the Agency launched the Facade Cou Improvement Program. The program provides grants of up to approved $2 $2,500 and matching funds of up to a maximum Agency g Aenc of contribution of $5,000, to downtown and uptown businesses to Agency improve the exterior of their buildings. These funds can be used funding to this for a number of exterior improvements including signs, awnings, program canopies, shades, painting, landscaping or paving. Completion of this project will increase property values in the area and maintain existing jobs and the businesses contribution to the local economy. Timeframe.........................................................2008-09 through Ongoing Port Lawrence Temporary Site Improvements and Long Term $90,000 for Redevelopment the temporary site The 4.1-acre site at the southeast corner of Alejo Road and Palm improvements Canyon Drive has been proposed for redevelopment as a mixed CLEAN use project. The project has been postponed due to market Not yet defined conditions and may be redeveloped under a different concept, for long term redevelopment such as a boutique hotel or other mix of commercial/residential use. In the interim, the City will be implementing temporary site improvements to grade, landscape, and provide parking on the site. The contract was awarded in October 2009. (Central Business District) In the long term, when market conditions improve, the Agency will be involved with the project and participate financially through the provision of public improvements to support the ultimate development. It should also be noted that the Agency had previously owned a portion of the project site (Monte Vista Hotel) which was subject to Agency CC&R's at the commencement of the project. Completion of this near term project will help maintain the aesthetics of the area rather than a vacant and unmaintained parcel. Timeframe.................................... .2008-09 through 2073-74 2 The Council has allocated $225,000 to be shared between Project Area Nos. 1 and 2. Allocation for each Project Area has not been determined. 10 Owe Year implementation . . - 2013-14 MERGED REDEVELOPMENT PROJECT AREA NO. 1 Preliminary Goals Project/Description Cost Estimates Achieved Palm Canyon Theatre Fire Safety Improvements and Desert Arts $95,000 Center Upgrades The Agency budgeted $80,000 in FY 2009-10 for the installation of fire sprinklers in the Palm Canyon Theatre to address fire safety INVEST issues and $15,000 for the replacement of structural columns at the exterior of the Desert Arts Center building. The Agency purchased the Frances Stevens Park, which includes the Palm Canyon Theatre and Desert Arts Center from the City in 2007 and has invested approximately $400,000 on upgrades to the complex since the Fall of 2006- The Palm Canyon Theatre is leased to a local live theater group and is also used by the Palm Springs International Film Festival for the film festival in January, the short film festival in August, and throughout the year for film screenings. Work is expected to begin in late 2009 or early 2010. Completion of this project will improve the safety and integrity of the structure. Timefram e............... ............. ............. ............ ...............2009-70 Rainmaker Fountain Lighting $7,5O0 The Rainmaker Fountain is a public art piece located at the northeast corner of Alejo Road and North Palm Canyon Drive at the Frances Stevens Park. The fountain was constructed in 2001 INVEST and repairs were recently completed on the moving wands and pumps. The fountain is poorly illuminated at night and architectural lighting is needed to enhance the art piece which is at the northern gateway to downtown. The Agency plans to hire a landscape architect and lighting design consultant to prepare a PRESERVE detailed plan using energy-efficient lighting to accent the fountain. The cost for the lighting design is $7,500 and the construction cost is not yet known. Funding for this project will most likely be a combination of public art and redevelopment funds. Completion of this project will enhance the artistic character of the fountain and maintain the architectural continuity of the area. Timeframe..............................................................2009-70 through 2011-12 17 Five Year Implementation Plan FY . •- • through 201�-14 MERGED REDEVELOPMENT PROJECT AREA NO. 1 Preliminary Goals Project/Description Cost Estimates Achieved Visitors Center Lighting $20,000 The Palm Springs Visitor's Center is located at 2901 North Palm Canyon Drive at the former Tramway Gas Station building 0 designed by renowned architect Albert Frey. The City purchased INVEST the building t time 2 and extensive improvements were undertaken at that time In 2008, the Agency purchased the property from the City. Due to problems with security and vandalism, the Agency hired a landscape architect/lighting design consultant to prepare a design of security/accent lighting of this PRESERVE historic building. The project is ready to go to bid in the fall of 2009. The source of funding for construction of the project, estimated at $20,000, is not yet certain but may be the Agency, given the recent purchase of the property. PROTECT Completion of this project will preserve the safety of visitors, protect the building and maintain the architectural continuity of the area. Timeframe.................................. .......................... .....................2009-10 The Springs Shopping Center Remediation Payments $1,385,000 In February 2009, the Agency and Council approved the amendment to the Disposition and Development Agreement with Endure, LLC, formerly Geiger, LLC, authorizing the Agency to pay CLEAN $1,38S,000 towards the $13 million in costs for remediation and monitoring of The Springs Shopping Center site. Under the proposed amendment, the Agency would pay $277,000 a year for the next five years, starting in FY 2008-09 and ending in FY 2012- 2013. Tim eframe...........................................................2008-09 through 2072-73 Museum Market Plaza Unknown A specific plan for the Museum Market Plaza has been adopted as the Design for Development of the Community Redevelopment Agency for an area of land within the "Focused Development Area CLEAN One" boundaries to facilitate and support the redevelopment of approximately 20 acres in the City's downtown core. The Agency's specific involvement and contribution is unknown at this time (Central Business District). 0 INVEST Completion of this project will increase property values in the area, create new jobs, and will boost the local economy by attracting visitors to the area. ...............2009-10 through 207.3-14 PRO T7meframe....... ...................... -. TecT 12 MERGED REDEVELOPMENT PROJECT AREA NOS. 1 2 Five Year Implementation Plan FY ••• • through 2013-'14 MERGED REDEVELOPMENT PROJECT AREA NO.1 Preliminary Goals Project/Description Cost Estimates Achieved Welwood Murray Library Remodel -Architectural Design Services $160,000 (Design) The architectural design contract for the complete remodel of the City-owned Welwood Murrary Library to convert the building into a modern library facility was approved by the City Council on CLEAN December 2, 2009- The Agency will fund the architectural design with 2007 Redevelopment Bond Proceeds. A remodel/construction budget of $1,660,000 has been estimated 0for the project and the source of construction funding (whether Agency or City funds) has not yet been determined The remodel INVEST of the library is an investment in the City's assets and community amenities (Central Business District). Completion of this project will help maintain a community resource and will maintain the architectural continuity of the area. PROTECT Timeframe.............................................................20D9-10 through 2010-11 Total Preliminary Cost Estimate $7,757,500 - 9,757,500 13 Five Year implementation Plan FY 2009-10 through 201'�14 MERGED REDEVELOPMENT PROJECT AREA NO, 2 Preliminary Goals Project/Description Cost Estimates Achieved Mondrian Hotel Unknown The 200-room hotel is proposed to be built on 7 8-acres of City- owned land currently used for Convention Center parking as well GROW as a 2.64-acre allottee parcel. The Agency will work to develop replacement parking facilities. Construction is anticipated to begin in 2010. The Agency previously provided a financial contribution of$2 million for the hotel project. (Baristo-Farrell) Completion of this project will create new jobs and will boost the local economy by attracting visitors to the area. Timeframe...........................................................2006-07 through 2013-74 Facade Improvement Program Unknown In January 2009 in response to a downturn of economic Since conditions and to encourage investments that contribute to the November overall revitalization in the Business Improvement District and 2008 the City CLEAN Redevelopment Project Areas, the Agency launched the Facade Council has Improvement Program. The program provides grants of up to approved $2,500 and matching funds of up to a maximum Agency $225,000 of contribution of $5,000, to downtown and uptown businesses to Agency improve the exterior of their buildings. These funds can be used funding to this for a number of exterior improvements including signs, awnings, program canopies, shades, painting, landscaping or paving. Completion of this project will increase property values in the area and maintain existing jobs and the businesses contribute to the local economy. Timeframe....... ................. ................................ .............................Ongoing 3 The Council has allocated $225,000 to be shared between Project Area Nos. 1 and 2 Allocation for each Project Area has not been determined. 14 Five Year Implementation Plan FY MERGED REDEVELOPMENT PROJECT AREA NOS. I & 2 through 26t-m MERGED REDEVELOPMENT PROJECT AREA NO,2 Preliminary Goals Project/Description Cost Estimates Achieved Palm Springs Mall Unknown The new owners plan to add retail to the mall and carry out renovations to the building including potentially demolishing and 9 rebuilding portions of the building. The owners have not yet GROW asked For assistance; therefore, the Agency role has not been determined at this time. (Baristo-Farrell) Completion of this project will increase property values in the area, maintain and increase existing jobs, and will contribute to PRESERVE the local economy. Timeframe............................................................2009-70 through 2073-14 INVEST Ward Rock Hotel S2,000,000 The 497-room Hard Rock Hotel is proposed to be built on Agency-owned land currently used for parking. The Developer will pay the Agency Fair market value for the parcels The Agency GROW owns the 5.7-acre parcel that is approximately 60 percent of the project site, and will work on developing replacement parking facilities in the Convention Center area. The project is entitled, but has been postponed by the Developer due to financing challenges in the current market. However, the City of Palm Springs owns the rights to the Hard Rock name and the Agency is prepared to participate in this project when market conditions improve. (Tahquitz-Andreas) Completion of this project will help create new jobs and will increase tourism and the economy of the City. Timeframe.. ........................................................2006-07 through 2013-14 15 MERGED REDEVELOPMENT PROJECT AREA NO$. I & 2 Five Year Implementation Plan FY rr • . through 263-14 MERGED REDEVELOPMENT PROJECT AREA NO. 2 Preliminary Goals Project/Description Cost Estimates Achieved Remodel and Expansion of the Palm Springs Library Unknown In March 2008, the Board of Library Trustees of the City of Palm Springs recommended that the City Council approve designation access of remaining Community Redevelopment Agency's Tax Allocation Bonds for the remodel and expansion of the Palm Springs Library. The Library was constructed in 1975, has infrastructure that needs updating and is lacking storage space, sufficient staff working areas, and requires upgrades to the public and staff areas for Americans with Disabilities Act (ADA) compliance and ergonomic PROTECT safety. The total cost for renovation of the Library has been estimated at $13 million and will be developed under a phased approach. As funding and a phasing plan for the project is developed, the Agency will participate with available funding to assist with this project. Completion of this project will help maintain a community resource and will preserve the health and safety of library visitors. Timeframe............................................................2008-09 through 2013-14 Total Preliminary Cost Estimate $2,000,000 16 REDEVELOPMENTMkIlIrPED PROJECT ■ Five Year implementation FY •• • through 2013-14 MERGED REDEVELOPMENT PROJECT AREA NOS.1 OR 2 Preliminary Goals Project/Description Cost Estimates Achieved Palm Springs Animal Shelter $5.000,000 + A resolution was adopted in January 2008 by the City Council •' allowing the Agency to consider funding for all or part of the new Palm Springs Animal Shelter from the September 2007 INVEST Redevelopment Agency Tax Allocation Bond Issue. The amount ,MA of $5,000,000 would fund a significant portion, but not all, of the new shelter, if the shelter could be developed on a parcel of City or Agency-owned land or land obtained at a very low cost. The construction of the animal shelter would benefit both the Merged ACCESS Redevelopment Project Area Nos. 1 and 2. The location of the animal shelter is unknown at this time as no site has been finalized. Completion of this project will provide a larger community facility PROTECT and will replace an existing facility. Timeh,ame...........................................................2008-09 through 2073-74 Total Preliminary Cost Estimate $5,000,000 17 Five Year Implementation Plan FY ..• . through 2013-14 PROPOSED AFFORDABLE HOUSING PROGRAM Five Year Work Program for Balanced Communities Over the next five years, the Community Redevelopment Agency of the City of Palm Springs plans to implement the following affordable housing projects and programs. The list below describes the projects proposed, what blighted conditions would be eliminated, approximate costs, and the Redevelopment Plan goals that would be achieved. Additionally, the Agency has estimated the number of affordable units that may be assisted by each project and program listed. AFFORDABLE HOUSING PROGRAM Preliminary Goals Project/Description Cost Estimates Achieved Indian Canyon Drive/San Rafael Road Affordable Housing Site $3,040,000 .� Moderate Income Townhomes (ComDyn, LLQ The Agency purchased a 3.63-acre site from an affordable apartment developer in 2001 for $500,000 in order to build Live affordable multiple-family housing. In May 2008 the Agency approved an agreement with Community Dynamics of Santa Monica to develop the property and construct a new residential community on the parcel. The community will include 51 townhomes which will be sold to moderate income families that comprise a significant portion of the City's workforce. The PROTECT proposed development will be architecturally integrated into the existing neighborhood. The residential development will incorporate an aggressive green building program by incorporating elements to help achieve energy savings, water conservation, indoor air quality and recycling objectives. The buildings are anticipated to exceed Title 24 standards, and will feature photo-voltaic solar panels to power the common areas, as well as elements of sustainable design utilizing plants native to the Coachella Valley, drip irrigation and inorganic materials like decomposed granite, cobble and boulders to reduce water usage The project will be 100 percent affordable to moderate income families, using down payment assistance plus other State programs to reduce the mortgage for buyers under 120 percent of annual median income. The average Agency subsidy per affordable unit would be $58.462. (Outside of Project Areas) Completion of this project will create affordable housing and incorporate green-building elements. Tim eframe............................................................2008-09 through 2011-72 18 MERGED REDEVELOPMENT PROJECT • Five Year Implementation Plan FY ••• • through 2013-14 AFFORDABLE HOUSING PROGRAM Preliminary Goals Project/Description Cost Estimates Achieved Rosa Gardens Apartments $1,200,000 The Coachella Valley Housing Coalition (CVHC) is developing a 57-unit multiple-family apartment complex in the Desert Highland neighborhood. The project will be funded with a combination of LIVE Low Income Housing Tax Credits (LIHTC), MHP and HOME funds, and with CaIHFA Bonds for construction financing as well as assistance from the Agency. The project will cost approximately $16 million to construct. All of the units will be restricted to very low and low income households. The Agency per unit subsidy will be approximately $21,000. (PA 1 - Highland-Gateway) Completion of this project would create affordable housing. T/meframe............................................................2008-09 through 2011-12 Vista San Jacinto Apartments Unknown •r This project is a 73-unit multiple family residential rental project located on a 5.95-acre property (301 Rosa Parks Road). The development will be a mix of one, two, three and four bedroom LIVE units and will include typical site amenities such as a pool, community and service building, laundry and tot lots. The project will be financed through a combination of sources, Low Income Housing Tax Credits (LIHTC) through the California Tax Credit Allocation Committee (TCAC), tax-exempt bond financing authorized through the California Debt Limit Allocation Committee (CDLAC), and construction financing from the California Housing Finance Agency (CaIHFA) as well as State HOME dollars. (PA 1 - Highland Gateway) Completion of this project will create affordable housing. T7meframe............................................................2009-70 through 2073-74 Total Preliminary Cost Estimate $4,240,000 - 19 -- Housing Compliance Plan FY MERGED REDEVELOPMENT PROJECT I AREA NOS. 1 & 2 AFFORDABLE HOUSING PROGRAM COMPLIANCE OBJECTIVES Ten Year outlook of Affordable Housing The CRL requires all redevelopment agencies to prepare and adopt affordable housing compliance plans on a ten year cycle, with updates corresponding with adoption of their five year implementation plans. The housing compliance plan must identify how a redevelopment agency will achieve the affordable housing production requirements for its redevelopment project area. The housing compliance plan must be consistent with the jurisdiction's housing element and must also be reviewed and, if necessary amended at least every five years in conjunction with the cyclical preparation of the housing element or the agency's five-year implementation plan. This section of the Implementation Plan, referred to as the "Housing Compliance Plan", addresses specific requirements in the CRL with respect to prior affordable housing activities and the anticipated housing program for the current ten-year period (FY 2004-05 to 2013-14) ("Compliance Period"), The Housing Compliance Plan amends the Affordable Housing Compliance Plan adopted in 2007 and presents an updated affordable housing plan through the duration of the Compliance Period. Additionally, the Housing Compliance Plan evaluates the Agency's affordable housing requirements for the next ten years (FY 2009-10 to 2018-19) and the life of the Redevelopment Plans. Affordable housing production statistics here have been aggregated from Merged Project Area Nos. 1 and 2. Section 33413(b)(2)(A)(v) of the CRL permits an agency to aggregate affordable housing production needs among project areas, if the Agency conducts a public hearing and finds that such aggregation will not exacerbate racial, ethnic, or economic segregation. Redevelopment agencies use implementation plans to establish ten year objectives to achieve compliance with State law in its affordable housing programs. These housing goals generally fall into three categories: Housing Production - based on the number of housing units constructed or substantially rehabilitated over a ten year period, a redevelopment agency is to ensure that a percentage of these units are affordable to low and moderate income households. Replacement Housing, - another legal obligation for redevelopment agencies to ensure that any housing units destroyed or removed as a result of an agency redevelopment project are replaced within four years. Expenditures by—Household Types - specific requirements on the amount of housing set-aside funds an agency must spend over a ten year period on housing affordable to very low income households, low income households, and housing for residents under the age of 65. ComplianceMERGED REDEVELOPMENT PROJECT AREA NOS. I & 2 Housing • Mousing Production This Housing Compliance Plan identifies all new residential construction or substantial rehabilitation that has occurred within the Project Areas since adoption of the Plans in order to determine affordable housing production needs. It accounts for past residential construction and substantial rehabilitation, and includes projects of new dwelling units that may be constructed or substantially rehabilitated during the current ten-year planning period which extends through June 30, 2014, Table 2 below summarizes the Agency's past production activities including the first five years of the current housing compliance period and identifies the projected production requirements for the Compliance Period and over the life of the Redevelopment Plans. Historical construction and substantial rehabilitation statistics were provided by the Agency. The number of affordable units required is based on statutory thresholds, and the Agency is responsible for ensuring that the appropriate number of affordable units is created during a ten year period. It should be noted that neither the housing units nor projections for future dwelling units include any units to be developed by the Agency. However, the Agency will continue to cooperate with and provide assistance and incentives to private developers, in order to fulfill the Agency's affordable housing production requirements. Pursuant to Section 33413(b) of the CRL not less than 15 percent of the units produced by persons or entities other than the Agency must be affordable to low and moderate income households. Not less than 40 percent of the required affordable units must be restricted for very law income households. The Agency's affordable housing production requirements are indicated in Table 2 below. In addition, to satisfy the Agency's production requirements, new or substantially rehabilitated units must have recorded 45-year income restrictions or covenants for rental units and 55-year income restrictions or covenants for owner-occupied units. The affordable housing units may be constructed inside or outside of the Project Areas, but units outside the Project Areas may only be counted on a 2-for-1 basis. The Agency may also purchase affordability covenants on very-low or low-income multifamily units. 21 MERGED REDEVELOP MENT PROJECT AREA NOS. I & 2 Table 2: Actual and Projected Housing Production Need by Time Period Actual/Assumed Housing Units Required Affordable Constructed and Substantially Units Rehabilitated in Project Area Time Period No.1` No. 25 Both Total Very Low Past 10 Years (1994-95 to 2003-04) 1,102 343 1,445 217 87 Ten Year Planning Period 1,903 653 2,556 383 154 2004-05 to 2008-09 (Actual)' 593 304 897 135 54 2009-10 to 2013-14(Forecast)" 1 310 349 1,659 249 100 2014-15 to 2018-19 (Forecast)' " 96 469 565 85 34 Redevelopment Plan Duration (1983-2033)3 3,409 1,566 4,975 746 299 Notes; ' City of Palm Springs z Forecasts of housing production include projects that are either under review or have been approved by the Planning Department and may or may not be constructed. ' Plan durations vary by subarea. Refer to Table 1 for specific dates ° Includes Central Business District, Ramon-Bogie, South Palm Canyon, Oasis, North Palm Canyon, Highland Gateway, and Project No. 9 Project Areas 5 Includes Tahquitz-Andreas, Barristo-Farrell, and Canyon Project Areas Source: City of Palm Springs. Planning and Period Production Needs Table 3 below summarizes the production goals over various time periods as required by the CRL. The number of affordable units required is based on statutory thresholds, and the Agency is responsible for ensuring that the appropriate number of affordable units is created during the Compliance Period. 22 MERGED REDEVELOPMENT PROJECT AREA NOS. I & 2 Housing ComplIance Plan FY 2009-10 through 2013-14 Table 3: Fulfillment of Affordable Housing Production Requirements by Time Period Time Period Units Required Units Produced Additional Units Not Surplus Units (from Table 2) Required Produced Total Very Low Total Very Low Total Very Low Total Very Low Past 10 Years 217 87 168 126 49 0 0 39 (1994-95 to 2003-04) Total Units Through 2003-04 82 107 10 Year Planning Period 383 754 127 97 256 58 O O (2004-05 through 2013-14) 2004-05 to 2002-09(Actual)' 135 54 127 97 8 0 0 43 2009-10 to 2073-74(Projected) 249 100 0 0 249 100 0 0 Total Units Through 2013-14 174 0 0 49 2014-15 t0 2018-19 (Projected) 85 34 0 0 85 34 0 0 rRedevelopment Plan Duration (1983-2033)' 746 299 442 296 305 3 0 0 Notes: ' Plan durations vary by subarea Refer to Table 1 for specific dates. Z The surplus affordable units in a 10-year period may be applied against the unit production requirements during the following ten-year compliance period,while any deficit affordable units must be first produced during the fallowing tern year 'The projects producing these units include Vista Sunrise,Coyote Run II, Desert Highland Inf ll,and Cottonwood/Chuckwalla single family residential. Source:City of Palm Springs During the last 10-year Compliance Period (FY 1994-95 to 2003-04). the Agency was required to generate 217 affordable units of which 87 units needed to be restricted for very low income households. During this time 168 affordable units were produced of which 126 units were restricted for very low income households. There was a surplus of 131 affordable units and 67 very low units produced prior to 1994. The surplus of affordable units in a 10-year period may be applied against the unit production requirements during the following ten-year compliance period. Therefore, the Agency ended this 10-year Compliance Period with a surplus of 82 affordable units and a surplus of 107 units restricted for very low income households. During the first five years of the current Compliance Period (FY 2004-05 through 2008-09), 897 units were produced in the Project Areas. As indicated in Table 2, the Agency was required to produce 135 affordable units and 54 very low income units. During this five year period, 127 affordable units were produced with 97 units restricted for very low income households. During the next five years of the current Compliance Period (FY 2009-10 through 2013-14) the Palm Springs Department of Planning Services anticipates 1,659 units to be produced in the Project Areas. This forecast includes market-rate and affordable projects that are currently under review by staff or have been approved and/or are under construction. Due to the downturn of the economy, many of the forecasted units are on hold and staff is uncertain whether all of these units will be produced in the next five to ten years. The Agency will continue to monitor the production of these units. If the actual production of units decreases from that of what is being forecasted, the number of affordable units and units restricted for very low Incomes will decrease. Based on the 1,659 units anticipated to be produced over the next five years, 249 units would need to be affordable with 100 of these units affordable to very low income households. Fulfillment of the projected housing needs is anticipated to be accomplished through completion of the Indian Canyon/San Rafael project, Vista San Jacinto Apartments, and CVHC Rosa Gardens Apartments, which would yield 181 affordable units, including 130 units restricted for very low income households. The Agency will continue to pursue residential construction and revitalization opportunities, in an effort to address the identified affordable housing projection needs. 23 MERGED REDEVELOPMENT PROJECT AREA NOS. I & 2 Housing Compliance Plan FY 2009-10 through 2013-14 Replacement Housing Needs The CRL requires that whenever dwelling units that house low and moderate income households are destroyed as part of an Agency project, the Agency is responsible for ensuring that an equivalent number of replacement units are constructed or substantially rehabilitated. These units must provide at least the same number of bedrooms destroyed, and 100 percent of the replacement units must be affordable to the same income categories (i.e. very low, low, moderate) as those removed. The Agency receives full credit for replacement units created inside or outside of the Project Areas. According to Agency staff, no units have been destroyed by Agency activities. Additionally, no units are expected to be destroyed or removed as a part of an Agency project during the planning period or over the life of the Redevelopment Plans. Low and Moderate Income Housing Fund The Agency's primary source of funding for housing projects and programs is the annual deposit of the 20 percent of its tax increment revenue into the Low and Moderate Income Housing Fund ("Housing Fund"). The CRL requires that these funds be used to increase, improve, and preserve the community's supply of affordable housing available to persons and families of very low, low, and moderate incomes. Beginning July 1, 2009, the Agency had a Housing Fund balance of approximately $14,359,672. Projected annual housing set aside deposits from both Project Areas are anticipated to total approximately $18,830,165 over the next five years, exclusive of existing obligations and potential losses due to the State's proposed taking of redevelopment funds in the 2009-10 and 2010-11 fiscal years. Due to the State's effort to balance the FY 2009-10 State Budget, the legislators and the Governor approved budget bill ABX4-26 which authorizes $2.05 billion from local Table 4: Estimated Deposits of Housing Funds redevelopment funds, including $1.7 billion in FY 2009-10 and $350 million FY 2010-11 Estimated Housing Fund Deposit' to be paid to the County Supplemental Fiscal Year PA 1 PA 2 Total Educational Revenue Augmentation Funds 2009-10 $ 2,303,952 S 1,279,116 $ 3,583,068 ("SERAF"). The Agency is required to 2010-11 2,361,991 1,310,775 3,672,766 make a payment of approximately $5 2011-12 2,421,176 1,343,055 3,764,231 million, with $4.2 million by May 10, 2010 2012-13 2,481,530 1,375,968 3,857,498 and $865,000 by May 10, 2011, ABX4-26 2013-14 2,543,075 1,409.527 3,952.602 provides that an agency may use certain Cumulative $ 18,830,165 funds allocable to the Housing Fund to make such payments, however those Notes: amounts are required to be repaid by the , end of the fifth fiscal year in which the Estimated Housing Fund deports based on RSG Tax borrowing occurs or be subject to a 30 Increment Revenue Projections for the Project Areas. percent housing set-aside mandate for the remaining life of the Redevelopment Plans Source:RSG Tax Increment Projections The Agency may utilize these provisions of ABX4-26 in making any required payments. The California Redevelopment Association ("CRA") filed a lawsuit challenging the SERAF payments in October 2009 The Agency will be monitoring this case to determine whether the payments will continue to be required. Targeting of Housing Fund Expenditures Effective January 2002, expenditure of housing set-aside revenues is subject to certain legal requirements. At a minimum, the Agency's low and moderate income housing set-aside ("Housing Fund") revenue is to be expended in proportion to the community's need for very law and low income housing, as well as the proportion of the low income population under the age of 65. New legal requirements took effect on January 1, 2006 that modified the previous limitations of spending 24 Housing Compliance Plan IFY 2009-10 through MERGED REDEVELOPMENT PROJECT AREA NOS. I & 2 Housing Fund monies on households under the age of 65 Section 333344(b) of the CRL used to require that an agency spend its Housing Fund monies "in at least the same proportion as the low- income population under age 65 bears to the most recent census." The new language provides a higher level of specificity to spend "in at least the same proportion as the number of low-income households with a member under age 65 bears to the total number of low-income households of the community as reported in the most recent census." The percentage of very low and low income household expenditure requirements are based on Southern California Association of Governments ("SCAG") Regional Housing Needs Assessment ("RHNA") requirements for the City of Palm Springs for the planning period of January 1, 2006 through June 30, 2014, The percentage of low income households under the age of 65 is based on Comprehensive Housing Affordability Strategy ("CHAS") reports of 2000 Census data as required by $B 527 adopted in 2005. Table 5 below presents the Agency's requirements from January 1, 2002 to June 30, 2014, based on the requirements from the two time periods. Table 5: Housing Expenditure Targeting Requirements Minimum Percentage of Housing Household Type Set-Aside Expenditures Between 2002 and 2014 Before 1/06 After 1/06 a Households Under Age 65 73 8% 56 9% Very Low Income Households 25.5% 39.9% Low Income Households 17 3% 27.9% Notes: Prior to January 1, 2006, percentage targets for households under age 65 were based on total households, not just low income households. Prior to January 1, 2006, the breakdown of the City's Regional Housing Needs Assessment fair share goals included 25.5 percent to very low income households and 17.3 percent to low income households 2 Effective January 1, 2006, AB 527 (Alquist) enacted a change to how expenditure targets to households under age 65 should be determined, specifically to limit the percentage to low income households in the community. As a result, the targets changed in 2006 However, because such data is not available directly from the Census, common practice is to use data for households under the age of 65 as reported in the Comprehensive Housing Affordability Strategy ("CHAS"). (http•//socds.org/chax/index.htm) 3 According to 2000 Census data, 31,578 of a total of 42,807 households (73.8 percent) are under age 65. (www,census.gov) 4 Targets beginning January 1, 2006 based on CHAS data as shown. Source: CHAS, SCAG Between 2002 through 2005, Agency expenditures on non-senior housing were expected to be proportional to the prior requirement of 73.8 percent. The minimum non-senior housing expenditures beginning in 2006 is 72.3 percent of total Housing Fund expenditures Over the last 25 MERGED REDEVELOPMENT PROJECT AREA NOS. I & 2 Housing Compliance Plan FY 2009-10 through 2013-14 five years of the Compliance Plan period available Housing Fund revenue needs to be allocated based on these RHNA-based ratios. Housing Set-Aside Expenditures The proportionality requirements affect expenditures over a ten year period, although the law permits the compliance initially for a period beginning in January 2002 and ending in December 2014. The table below documents the amount of low and moderate income housing fund revenue used since January 2002 for these income categories and households under age 65: Table 6: Expenditure Targeting Status - Actual and Planned Expenditures Very Low Low Households Total Income Income Under Age 65 Expenditure Targeting Summary Actuals (2001-02 through 2008-09) $ 8,164,560 $ 4,491,922 $ 2,295,285 $ 6.538.612 Planned (2009-10 through 2013-14)2 4,240,000 1,200.000 - 4.240.000 Planning Period Projected Totals $12.404,560 $ 5,691,922 $ 2,295,285 $ 10,778,612 Planning Period Targets3 4,521,128 3,145, 6,2 602 59.4-19 Potential Surplus/(Shortfall) $ 1,170,793 $ (850'317) S 4,519,153 Notes: Also includes moderate income household and senior housing expenditures which are not subject to proportionality requirements. 2 Planned expenditures based on projects listed in FY 2009-10 Implementation Plan and are subject to change. 3 Targets based on estimates of planned expenditures and targets summarized in Table 5 Targets are subject to change based on actual expenditures. Source: City of Palm Springs California Department of Housing and Community Development Reports and estimated housing fund expenditures As Table 6 demonstrates, the Agency has expended $8,164,560 of Housing Fund monies between FY 2001-02 through 2008-09. During the next five years, FY 2009-10 through 2013-14, the Agency anticipates expending $4,240,000 on the Indian Canyon/San Rafael project, Vista San Jacinto Apartments, and CVHC Rosa Gardens Apartments, for very low and moderate income households and households under age 65. Based on these previous and anticipated expenditures, the Agency will have complied with and exceeded proportional spending targets for very low income households and households under the age of 65. The Agency continues to plan for more projects and programs, and intends to expend additional Housing Fund monies on projects and programs for low income households to comply with proportional spending targets. Family Units Assisted by Housing Set-Aside Fund State law also requires a recap of affordable housing projects for families (households under the age of 65) assisted by the housing set-aside fund over the past implementation plan period. The table below summarizes these statistics by project from FY 2001-02 through 2008-09. 26 MERGED REDEVELOPMENT PROJECT AREA NOS.1 & 2 Housing Compliance Plan FY . .- Table 7: Units Assisted by Housing Set-Aside Fund Units Assisted by Housing Set-Aside Fund Housing (FY 2001-02 through 2008-09) Set-Aside Project Expenditures Very Low Low Moderate Total Family Projects $ 6,538,612 220 59 76 355 80.1% Neighborhood Revitalization Program S 1.271,572 48 19 19 86 Cottonwood/ChuckwaIla SFR 470,630 2 7 1 10 Desert Highland Infill 427,325 0 0 5 5 Coyote Run II 1,586,261 33 33 0 66 Vista Sunrise Special Needs 2,119,879 80 0 0 80 Indian Canyon/San Rafael 415,263 0 0 S1 51 Rosa Gardens Apartments 247,682 57 0 0 57 Senior Projects $ 1,625,948 95 216 53 364 19.9% Neighborhood Revitalization Program $ 458,305 32 7 2 41 Heritage Apartments 450,537 0 34 34 68 Sahara Mobile Home Park 400,000 63 64 0 127 El Dorado Mobile Home Park 317,106 0 111 17 128 Total $ 8,164,560 315 275 129 719 100.0% Source. City of Palm Springs Housing Units Constructed During Prior Implementation Plan Without Housing Set-Aside Funds. No funding sources other than housing set-aside funds were used by the Agency to construct affordable units featuring long term covenant restricted units (affordable units with covenants of at least 45 years for ownership housing or 55 years for rental housing). 27 Adopted by the Community Redevelopment Agency Resolution No. 1394 December 16, 2009 Cy ylitM1t �� Y`c ��YORHv Palm Springs Community Redevelopment Agency Prepared By: 3200 Tahquitz Canyon Way Palm Springs, CA 92262 (760) 323-8260 ' i,� Adopted - December 2009 �. INTELLIGENT LOM�uMITY DEVELOPMENT