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2009/12/08 City Council Resolution 2009-132RESOLUTION NO. 2009-1.32 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK RECEIVING THE ANNUAL REDEVELOPMENT REPORT FOR FISCAL YEAR ENDING JUNE 30, 2009 FROM THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROHNERT PARK WHEREAS, Section 33080.1 of Community Redevelopment Law of the State of California, Health and Safety Code, requires that each redevelopment agency within the State of California present an annual report to its legislative body within six months of the end of the agency's fiscal year; and WHEREAS, the Community Development Commission of the City of Rohnert Park (CDC) has prepared the 2008 -09 Annual Report containing various financial and performance information for the Rohnert Park Redevelopment Project Area and has submitted it to the City Council; and WHEREAS, the State Controllers Report, Independent Auditors Report and Financial Statement and the California Housing and Community Development Report are components of the CDC's Annual Redevelopment Report; and WHEREAS, upon completion of the State Controllers Report, Independent Auditors Report and Financial Statement and the California Housing and Community Development Report the City Council authorizes and directs the CDC to file the reports with the appropriate ,governing agency following any necessary approvals; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert Park that it has received from the Community Development Commission the Redevelopment Annual Report for Fiscal Year ending June 30, 2009. DULY AND REGULARLY ADOPTED this 8th day of December 2009. CITY OF ROHNERT PARK haft V Mayor 1 19 62� BELFORTE: AYE CALLINAN: AYE MACKENZIE: AYE STAFFORD: AYE BREEZE: AYE AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0) JH- S:05 -d Independent Financial Audit and Financial Statement, State Controller's Report and Department of Housing and Community Development Report The State Controller's Report, Department of Housing and Community Development Report (HCD Report) and the Independent Financial Audit and Financial Statement (Audit Report) is currently being prepared and will be submitted to the appropriate governing agency upon completion. Accounting of Housing and Displacement Activities CRL Section 33080.1(a)(2)(c), requires a description of the Commission's affordable housing activities in the 2008 -09 fiscal year. Accordingly, the following has been identified: a. Displacement: There were no non - elderly or elderly households that were displaced or moved from their dwelling units as part of a redevelopment project of the Agency during the 2008/09 fiscal year. b. Housing Activities: • The Commission approved a Subordination Agreement among Vida Nueva Partners L.P. (Developer), the California Housing Finance Agency (CaIHFA) and the Commission. The Subordination Agreement was required for the Developer to secure Mental Health Services Act (MHSA) financing for the project which is administered by CaIHFA. In order to authorize and approve the Subordination Agreement, the Commission approved Amendment Number Two to the Affordable Housing and Loan Agreement and Amendment Number One to the Affordable Housing and Maintenance Covenant which were between the Commission and the Developer. Approval of the Subordination Agreement released the Commission's contingent funding commitment in the event that the MHSA funding was not secured for the project. This contingent funding commitment was authorized on July 10, 2007, per CDC Resolution 2007 -16. • The Commission authorized and approved a Request for Proposals (RFP) on August 26, 2008 per CDC Resolution 2008 -09, to solicit proposals from qualified developers to construct a mixed use affordable housing project on -100 Avram Avenue, 120 Avram Avenue and 6750 Commerce Boulevard. The RFP was sent out to three (3) qualified developers selected through a Request for Qualifications (RFQ) process which was previously authorized by the Commission. The RFQ process was used to generate a short list of qualified developers based on Commission staff's analysis of the RFQ responses. The three qualified developers selected through the RFQ. process were Bridge Housing, Burbank Housing and Sherman Associates Inc. • Commission staff requested authorization and approval to move forward with an Exclusive Negotiating Agreement (ENA) with Sherman Associates Inc. for the development of a mixed -use affordable housing project at the properties located at 6750 Commerce Boulevard, 100 Avram Avenue and 120 Avram Avenue. This action followed a RFQ process and a RFP process. Approval of the ENA would have allowed Commission staff to negotiate exclusively with Sherman Associates, Inc. The Commission did not authorize moving forward with an ENA Agreement and directed staff to return with further analysis of the project. • Commission staff participated in the 2009 Homeless Count and provided $2,194 of funding, which represents its proportionate share of the cost for coordination of the count and preparation of the final report. The Homeless Count is a requirement for each local Continuum of Care organization to receive federal funding for homeless services which in this case benefits residents throughout Sonoma County. • The Commission approved Amendment Number Six (6) to the Agreement with Sonoma County Adult and Youth Development (SCAYD) on September 23, 2008 per CDC Resolution 2008 -12 extending the Commission's agreement through the end of the FY 08/09. SCAYD is a non - profit service-organization which operates a homeless prevention program on behalf of the Commission for residents of Rohnert Park. This program is designed to prevent homelessness by providing one -time only emergency assistance to households suffering. from temporary financial difficulty through rental and deposit assistance and financial counseling. In FY 08/09 the Commission contributed $130,000 for the program allowing low - income families the opportunity to live in stable housing while regaining financial stability and independence. SCAYD was able to assist 112 very low- and low- income households, representing 310 people in Rohnert Park. • The Commission contributed $12,834 to SCAYD to assist households residing at Sonoma Grove RV Park at risk of becoming homeless due to unexpected rent increases. Staff was directed that FY 08/09 would be the last year the Commission would provide funding for the program. The Commission had been providing assistance through this program since February 2006. • The Commission approved Amendment Number Nine (9) to the Agreement with Committee on the Shelterless (COTS) on September 23, 2008, per CDC Resolution 2008 -11. The Amendment extended the Commission's Agreement through the end of FY 08/09. COTS is a non -profit service organization that manages and operates a Shared Housing Program which houses single parent families who are transitioning from homelessness to independent living. The Commission contributed a total of $64,500 to COTS for the Program. $60,500 of the funding was utilized to manage the five (5) Commission owned, four - bedroom transitional houses in the City of Rohnert Park. Approximately four (4) families reside in each house, providing assistance for up to 20 families. The remaining $4,000 of the Commission funding was a matching grant for a Housing and Urban Development (HUD) funded transitional home in ' Rohnert Park that is leased by COTS. • The Commission approved and adopted a Budget Amendment consisting of two elements. The first facet of the amendment was to authorize reimbursement to COTS for expenses incurred for emergency maintenance and repairs at two (2) of the Commission owned homes. The other element of the amendment is to establish a $10,000 ($2,000 per home) contingency fund for emergency maintenance and repair needs. The Commission provided $50,000 of funding to COTS for Professional Services provided to the residents at Vida Nueva. These services include mental health, chemical dependency support, employment readiness, parenting education, financial management and supportive services for residents with ongoing disabilities. The Commission previously authorized and approved a five (5) year funding commitment on May 23, 2006, per CDC Resolution 2006 -09, approving up to $75,000 of program funding to serve residents at Vida Nueva. The Commission only funded a portion of its commitment in FY 08/09 as the project was not open for the entire year. The Commission's commitment to provide funding for supportive services helped the Developer, Vida Nueva Partners L.P., to secure MHSA financing for the project. • . The Commission contributed $50,000 to Rebuilding Together. Rebuilding Together (formerly Christmas in April) is a non - profit community organization that provides free health and safety repairs to the homes of low - income families with children, seniors and/or disabled individuals. During FY 08/09 the organization was able to assist 18_very -low income households with home modifications and repairs and was able to complete several community projects 'including a few for local non - profit organizations. • . The Commission approved Amendment Number Nine to the Service Agreement between the Commission and the Sonoma County Community Development Commission (SCCDC) for the administration of the Housing Rehabilitation Loan Program. The SCCDC has administered the program on behalf of the Commission for residents of Rohnert Park since 1999. This amendment extended the agreement through October 31, 2009. The Commission provided $202,314.43 of funding for the program. This amount represents previously committed funds from past budget cycles along with funding allocated for FY 08/09. The purpose of this program is to maintain residential properties within the City of Rohnert Park which are occupied by low - income households. • The Commission approved Resolution 2009 -08 on April 14, 2009 authorizing cooperation with the County to assign the 2009 Sonoma County Single Family Allocation for a Mortgage Credit Certificate Program (MCC Program) and maintain the existing Cooperative Agreement. The MCC Program provides an annual tax credit for homebuyers, thus reducing the amount of Federal income tax they pay, and increasing their disposable income, enabling them to more easily qualify for a mortgage loan. The Resolution approved by the Commission also authorizes the SCCDC to apply on behalf of the Commission for future funding allocations to continue the MCC Program. • The Commission made its final payment to the City of Rohnert Park in accordance with the Promissory Note associated with the Cooperation, Reimbursement, and Purchase and Sale Agreement for the land where the Vida Nueva Project is located. Acquisition of the site from the City was approved on May 26, 2006, per CDC Resolution 2006 -07, with repayment to come in 3 payments. Summary of the CDC's Efforts to Alleviate Blight in the ProiectArea CRL Section 33080.1 (a)(2)(d), requires a description of the Commission's progress, including specific actions and expenditures, in alleviating blight in the previous fiscal year. The Commission's Housing and Redevelopment Implementation Plan covering 2004 -05 through 2008 -2009 lists the CDC's five -year plan for the elimination of blight. This Blight Progress Report is described in a manner corresponding to the goals and objectives described in the Plan 1) Goal: Housing for All Families — Coinsistent.with Community Redevelopment Law of the State of California, Health & Safety Code Sections 33000 et seq., increase, improve, and expand the community's supply of affordable housing. The following homeless prevention and assistance programs were funded in FY 2008/09: • $130,000 for SCAYD Homeless Prevention Program. This program is designed to prevent homelessness by providing one -time only emergency assistance to households suffering from temporary financial difficulty through rental and deposit assistance and financial counseling allowing low- income families the opportunity to live in stable housing while regaining financial stability and independence. • $12,834 to SCAYD to provide assistance to households residing at Sonoma Grove RV Park at risk of becoming homeless due to unexpected rent increases. • $64,500 for COTS Shared Housing Program which houses single parent families who are transitioning from homelessness to independent living. COTS manages and operates a total of six (6) transitional homes within Rohnert Park. Five (5) of these homes are owned by the Commission. The following programs were funded to ensure all residential structures and yards in Rohnert Park are safe, sanitary, adequate, show no visible damage, and exhibit the appearance of regular maintenance. • $50;000 to Rebuilding Together for free health and safety repairs to the homes of low- income families with children, seniors and/or disabled individuals. • $202,314.43 to SCCDC for the administration of the Housing Rehabilitation Loan Program.. The purpose of this program is to maintain residential properties within the City of Rohnert Park which are occupied by low- income households. • $5,000 for the Neighborhood Enhancement program in order to provide a source of grant funding for small projects within the residential areas of the Redevelopment Project Area. • The Commission approved a Budget Amendment establishing a $10,000 ($2,000 per home) contingency fund for emergency maintenance and repairs for the five (5) Commission owned homes that are utilized for the Shared Living Program. This amendment also authorized the reimbursement of expenses incurred for emergency maintenance and repairs at two (2) of the Commission owned homes. The CDC is implementing the following programs in order to provide a mixture of owner and rental housing opportunities affordable to households with very low, low, and moderate incomes. The Commission approved a Subordination Agreement among Vida Nueva Partners L.P. (Developer), the California Housing Finance Agency (Ca1HFA) and the Commission. The Subordination Agreement allowed the Developer to secure MHSA financing for the project, which is administered by Ca1HFA. In order to authorize and approve the Subordination Agreement, the Commission approved Amendment Number Two to the Affordable Housing and Loan Agreement and Amendment Number One to the Affordable Housing and Maintenance Covenant which were between the Commission and the Developer. • The Commission made its final payment to the City of Rohnert Park in accordance with the Promissory Note associated with the Cooperation, Reimbursement, and Purchase and Sale Agreement for the land where the Vida Nueva Project is located. • The Commission approved a Resolution authorizing cooperation with the County to assign the 2009 Sonoma County Single Family Allocation for a MCC Program and maintain the existing Cooperative Agreement with the other incorporated jurisdictions within Sonoma County and the SCCDC. Other Goals of the Commission include: Goal: Clean, Value, and Respect. To stimulate and provide new private investment opportunities by revitalizing property characterized by deterioration, blight or functional obsolescence and to encourage continued investment in the Project Area where growth is planned. • The Commission contributed $202,314.43 of funding to provide owner- occupied rehabilitation loans. The program is administered by the SCCDC on behalf of the Commission. The purpose of this program is to maintain residential properties within the City of Rohnert Park which are occupied by low- income households. • The Commission contributed $50,000 to Rebuilding Together. Rebuilding Together (formerly Christmas in April) is a non -profit community organization that provides free health and safety repairs to the homes of low- income families with children, seniors and /or disabled individuals. • The Commission approved and adopted a Budget Amendment consisting of two elements. The amendment established a $10,000 ($2,000 per home) contingency fund for emergency maintenance and repair needs; and authorized reimbursement to COTS for expenses incurred for emergency maintenance and repairs at two (2) of the Commission owned homes that are utilized for the Shared Living Program. • The Commission allocated. $5,000 for the Neighborhood Enhancement program in order to provide a source of grant funding for small projects within the residential areas of the Redevelopment Project area. Goal: Create a Stronger Local Economy. To improve employment opportunities, economic stability and productivity and to increase public revenues within the Project Area. Strengthen retail and other commercial functions. To encourage the use of local resources in the development of the project Are whenever economically feasible. • The Commission allocated $100,000 for the Chamber of Commerce, $50,000 for economic development and contributed to the $42,000 to Sonoma County Tourism to stimulate private investment in the Project Area. • The Commission approved an agreement with the Chamber of Commerce to assist Commission staff with furthering economic development programs and goals. This agreement formalized long - standing arrangements with the Chamber and serves to build a strong local economy through business expansion, retention, and workforce development. The City Center Plaza project was substantially completed. The Commission funded the cost of the project with Series 2007R Tax Exempt Bond proceeds in conjunction with funds leveraged from a Transportation for Livable Communities Grant (TLC Grant). These funds covered the costs of the construction, professional services and staffing needed to complete the project. Completion of the Plaza furthers the goals of the City_ Center Concept Plan which was adopted by the City Council on November 12, 2002, per Resolution 2002 -55. The Plaza creates a venue for events to be held and provides a central place for residents and visitors to enjoy, which is identified in the Economic Development Strategic Action Plan. The Commission authorized the purchase of granite elements to complete the City Center Plaza. These elements were included in the budget for the project and were to be selected by the Designer to specifically meet their vision for the Plaza. Authorizing the purchase of these granite elements allowed the project to move forward without any substantial delays and also allowed the Commission to realize significant cost savings. The City Council approved a contract with Coastland Civil Engineering for Construction Management Services which were necessary to complete the City Center Plaza project. The cost of these professional services was funded with Transportation for Livable Communities Grant (TLC Grant) funding and Series 2007R Tax Exempt Bond funds. The Commission acquired a piece of real property from the City of Rohnert Park known as the City Center Parking Lot using proceeds from the Series 2007R Tax Exempt Bond Series. The site is located adjacent to the recently completed City Center Plaza and consists of approximately 2.29 acres. Acquisition of this site by the Commission serves to further the goal of realizing the City Center Concept Plan which was adopted by the City Council on November 12, 2002, per Resolution 2002 -55. The Commission now owns three contiguous. parcels totaling approximately 2.96 acres. It is envisioned that a mixed use project would be developed on the sites which would be consistent with the City Center Concept Plan. Goal: Prudently Invest in Pubic Infrastructure. To eliminate environmental deficiencies by achieving a coordinated pattern of commercial, industrial and public land uses in the Project Area with adequate public improvements including but not limited to streets, utilities and flood control improvements. • The Commission approved Amendment No. 1 to the Reimbursement Agreement with the City of Rohnert Park for the construction of Phase I of the Eastside Sewer Line Project. The Commission originally entered into a Reimbursement Agreement on May 22, 2007, per CDC Resolution 2007 -09, allowing the Commission to fund a portion of the costs for Phase I. Amendment No. 1 authorized an increase in the maximum amount of f inding.provided by the Commission in an amount not to exceed $3,168,000. This Amendment was necessitated by the increased cost of the project as compared to the original cost estimate. The Commission's total contribution of $10,055,724 was funded with Series 2007R Tax Exempt Bond proceeds, with $3,493,164 being utilized in FY 08/09. Approval of this amendment furthered the Commission's goals of eliminating environmental deficiencies through investment in public infrastructure projects which assists with the elimination of blight. Completion of Phase I of the project serves to encourage in -fill development and the redevelopment of underutilized and abandoned or vacant parcels within the redevelopment project area, including the Sonoma Mountain Village site, the Southwest Boulevard area and the Commerce Boulevard area The City Center Plaza project was substantially completed. The Commission funded the cost of the project in conjunction with funds leveraged from a . Transportation for Livable Communities Grant (TLC Grant). These funds covered the costs of the construction, professional services and staffing needed to complete the project. Completion of the Plaza furthers the goals of the City Center Concept Plan which was adopted by the City Council on November 12, 2002, per Resolution 2002 -55. It creates a venue for events to be held and provides a central place for residents and visitors to enjoy, which is identified in the Economic Development Strategic Action Plan. The Commission makes reoccurring loan payments to the City for the construction of the Dorothy Rohnert Spreckels Performing Arts Center (PAC) and makes payments annually to the City for the land for the PAC, Community Center, and the Sports Center. The Commission did not approve a proposed Reimbursement Agreement with the City of Rohnert Park for the construction of Fire Station No. 1. The Agreement would have allowed the Commission to fund the cost of Fire Station No. l with Series 2007R Tax Exempt Bond proceeds until funding became available through other sources such as the Public Facility Financing Plan (PFFP Plan) and the Memorandum of Understanding with the Federated Indians of Graton Rancheria. The Commission approved an amendment with Glass Architects, who was selected to design the Fire Station No. 1 expansion project. The amendment allowed Glass to change its scope of work to incorporate additional design elements. Staff was subsequently directed not to move forward with the project. The Commission acquired a piece of real property from the City of Rohnert Park known as the City Center Parking Lot using Series 2007R Tax Exempt Bond proceeds. The site is located adjacent to the recently completed City Center Plaza and consists of approximately 2.29 acres. Acquisition of this site by the Commission serves to further the goal of realizing the City Center Concept Plan which was adopted by the City Council on November 12, 2002, per Resolution 2002 -55. The Commission now owns three contiguous parcels totaling approximately 2.96 acres. It is envisioned that a mixed use project would be developed on the site which would be consistent with City Center Concept Plan. The Commission funded the cost for a Corridor Studies and Implementation Plan. The goal of the Plan was to prepare an analysis, recommendations and an implementation plan to improve three major thoroughfares located at Commerce Boulevard, Southwest Boulevard and State Farm Drive. Each of these corridors is located within the Rohnert Park Redevelopment Area and had been identified as potential candidates for revitalization. The Plan also developed concept plans designed to provide a comprehensive vision for the corridors, foster the redevelopment of underutilized properties, encourage pedestrian use while accommodating vehicular traffic including and provide recommendations for streetscape. improvements that would make these corridors more visually appealing. Acting in its advisory capacity, the Planning Commission recommended denial of the Plan following its review. Goal: Compound on Past Success. To foster the development of a sense of community identity within the Project Area. To improve the visual image of the City and, specifically, the Project Area, by reinforcing existing assets and by expanding the potentials of the Project Area. • See Achievements above under Prudently Invest in Public Infrastructure. Goal: Use Land Wisely. To encourage the development of commercial uses along major thoroughfares. To ensure a variety of commercial, office, and/or industrial land uses which will physically and economically complement development within the Project Area. To foster the establishment of landscape buffers between incongruous land uses. • The Commission funded the cost for a Corridor Studies and Implementation Plan. The goal of the Plan was to prepare an analysis, recommendations and an implementation plan to improve three major thoroughfares located at Commerce Boulevard, Southwest Boulevard and State Farm Drive. Each of these corridors is located within the Rohnert Park Redevelopment Area and had been identified as potential candidates for revitalization. The Plan also developed concept plans designed to provide a comprehensive vision for the corridors, foster the redevelopment of underutilized properties, encourage pedestrian use while accommodating vehicular traffic including and provide recommendations for streetscape improvements that would make these corridors more visually appealing. Acting in its advisory capacity, the Planning Commission recommended denial of the Plan following its review. Loan Report: CRL Section 33080.1 (a)(2)(e), requires a list of and status report on, all loans made by the redevelopment agency that are fifty thousand dollars or more, that in the previous fiscal year were in default or not in compliance with the terms of the loan approved by the Commission. During FY 08/09 there were no loans made for more than fifty thousand dollars and there are no loans in default. Description of Commission -owned Property CRL Section 33080.1 (a)(2)(f), requires a description of the total number of and nature of properties that the Commission owns and those properties the agency acquired in the 2008 -09 fiscal year. 1) Committee on the Shelterless ( "COTS ") Shared Housing: Address Parcel # Cost of Purchase 7668 Beverly Dr. 143 273 023 000 $168,000 309 Burton Ave. 143 252 005 000 $378,927 7783 Burton Ave. 143 203 001 000 $353,257 746 Brett Avenue 143 271 049 000 $105,312 (Deed in Lieu) 7982 Santa Barbara Dr. 143 073 005 000 $101,534 (Deed in Lieu) COTS is a non - profit service organization that operates a Shared Housing Program which houses single parent families who are transitioning from homelessness to independent living. COTS manages five, four- bedroom, two bathroom transitional houses within the redevelopment project area. Each house accommodates approximately four families. The CDC purchased and/or obtained via Deed in Lieu of Foreclosure these houses for this purpose. The CDC has an agreement allowing COTS to operate the program in each of the homes in Rohnert Park. 2) Senior Center /City Hall Annex: Address Parcel # Cost of Purchase 6800 Hunter Dr $1,523,765 This property consist of a 13,473 square foot building housing Senior Center that includes multi- purpose room for community and senior activities, a full industrial kitchen, dining room, activity /game room, storage rooms and classrooms. 3) Avram Avenue Affordable Housing Project: Address Parcel # Cost of Purchase 6750 Commerce Blvd. 143 - 380 -015 $1,135,000 100 Avram Avenue 143- 380 -022 $1,375;000 120 Avram Avenue 143 -061 -052 $1,721,500 Commission staff sought authorization and approval to move forward with an ENA with Sherman Associates Inc. Staff recommended Sherman Associates Inc. following their review of proposals to construct a mixed use affordable housing project on the sites. The Commission did not authorize moving forward with an ENA and directed staff to conduct further analysis of the project. 4) City Center Drive. Mixed Use Project: Address Parcel # Cost of Purchase 415 City Center Drive 143 -051 -066 $550,000 6230 State Farm Drive 143 -051 -065 $1,100,000 N/A — No address 143 - 051 -076 $2,995,000 With the acquisition of APN 143 - 051 -076 from the City of Rohnert Park, the CDC now owns three contiguous parcels totaling approximately 2.96 acres. The CDC intends to select a developer to construct a mixed -use project that will complement the newly constructed City Center Plaza and will further the goals of the City Center Concept Plan adopted on November 12, 2002, per Resolution No. 2002 -55. RECONCILIATION STATEMENT -CHANGES, IN INDEBTEDNESS Page 1 of 2 FILED FOR THE 2009 -10 TAX YEAR Name of Redevelopment Agency Community Development Commission of the City of Rohnert Park Name of Project Area Rohnert Park Redevopment Project Area Tax Year 2008 -09 Reconciliation Dates: From July 1, 2008 to June 30, 2009 A B C D E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI page and line: All Beginning Increases Decreases Indebtedness From: Balance °rior Yr Current Yr Brief Description Balances (Explain) (Explain) Tax Increment Other Funds (A +B- C -D -E) P 1, Line A P 1, Line A 1991 TA Refunding Bonds 2,320,000 463,059 116,941 1,740,000 P 1, Line B P 1, Line B 1999 Tax Allocation Bonds 33,050,671 362,935 24,945 32,662,791 P 1, Line C P 1, Line C 2001 TA Refunding,Bonds 9,703,446 311,110 77,858 9,314,478 . P 1, Line D P 1, Line D 2003 Lease Revenue Refunding Bond 7,566,119 442,919 49,512 7,073,688 P 1, Line DD P 1, Line E 2007R Tax Allocation Bonds 63,459,692 1,853,504 475 61,605,713 P 1, Line EE P 1, Line F 2007H Tax Allocation Bonds 48,598,522 10,182,137 38,416,385 P 1, Line E P 1, Line G Loan from G (1999) 49433,940 277,360 4,156,580 P 1, Line F P 1, Line H Financial Software Lease payment (0) 27 (B) 27 (0) P 1, Line G P 1, Line I County Pass Through Agreement 0 4,080,096 (C) 4,080,096 0 P 1, Line H P 1, Line J Housing Set Aside 0 3,221,016 (A) 3,221,016 0 P 1, Line I P 1, Line K Trustee Fees -1991 TARB 111,436 1,674 419. 109,343 P 1, Line J P 1, Line L Trustee Fees -1999 TAB 102,125 2,203 99,922 P 1, Line K P 1, Line M Trustee Fees - 2001 TARB 84,980 1,762 441 82,777 P 1, Line L P 1, Line N Trustee Fees - 2003 LRRB 69,363 2,898 322 66,143 1, Line FF P 1, Line O Trustee Fees - 2007 R 80,446 2,380 78,066 1, Line GG P 1, Line P Trustee Fees - 2007 H 78,300. 0 2,285 76,015 P 1, Line M P 1, Line Q PAC Land Lease Payments 1,050,000 70,000 980,000 P 1, Line N P 1, Line R Comm Center /Sports Center Land Lease Pmts 2,100,000 0 140,000 1,960,000 Subtotals 172,809`1040 7,301,139 0 11,232,943 10,455,335 158,421,901 Note: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation period is limited by law to a July 1 - June 30 fiscal year period, only those items included on the SOI Form A is to be included on this document. To assist in following each item of indebtedness from one SOI to the next, use page and line number references from each SOI that the item of indebtedness is listed on. If the indebtedness is new to this fiscal year, enter "new" in the "Prior Yr" page and line columns. Column F must equal the current SOI, Form A Total Outstanding. Debt column. (A) Adjustment is to make the carryover debt zero from year to year as the set -aside is paid in full upon receipt of the cash. (B) Adjustment to Springbrook Lease Payment for duplicate payment made in 2008 (C) Adjustment to make the carryover debt zero from year to year RECONCILIATION STATEMENT - CHANGES IN INDEBTEDNESS Page 2 of 2 FILED FOR THE 2009 -10 TAX YEAR Name of Redevelopment Agency Community Development Commission of the City of Rohnert Park Name of Project Area Rohnert Park Redevopment Project Area Tax Year 2008 -09 Reconciliation Dates: From July 1, 2008 to June 30, 2009 This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation period Is limited by law to a July 1 - June 30 fiscal year period, only those items included on the S01 Form A is to be included on this document. To assist in following each item of indebtedness from one SOI to the next, use page and line number references from each SOI that the item of indebtedness is listed on, If the indebtedness is new to this fiscal year, enter "new" in the "Prior W page and line columns. Column F must equal the current SOI, Form A Total Outstanding Debt column. (D) Reimburse General Fund for 2007 -08 administration costs (E) Chamber of Commerce funding for 2007 -08 (F) Sonoma County Tourism funding (G) Capital Improvement Fund for Municipal Golf Course - percentage of revenue (H) Various consulting services (1) Adjustment to make carry over debt zero from year to year (J) To balance Community Center Improvement project expense paid by tax increment (K) To balance Martin Avenue Storm Drain Project paid from tax Increment (L) To adjustment balance to zero since and record expenditures on project as paid (M) To adjustment balance to zero since and record expenditures on project as paid (N) To adjustment balance to zero since and record expenditures on project as paid A B C D E F Debt Identification: Outstanding Debt Adjustments Amounts Paid Against Remaining SOI page and line: All Beginning Increases Decreases Indebtedness From: Balance Prior Yr Current Yr Brief Description Balances (Explain) (Explain) Tax Increment Other Funds (A +B- C -D -E) 1, Line R P 1, Line S 2006 -07 Admin Cost Reimbursement 0 600,000 (D) 600,000 0 P 1, Line S P 1, Line T Arbitrage Rebate Services 0 8,475 (1) 8,475 0 P 1, Line T P 1, Line u Chamber of Commerce Funding 0 90,785 (E) 90,785 0 P 1, Line u P 1, Line V Sonoma County Tourism Funding 0 50,000 (F) 50,000 0 P 1, Line V P 1, Line w Foxtail Capital Improvement Fund 0 20,234 (G) 20,234 0 P 1, Line W P 1, Line x Contractual Services 0 252,436 (H) 252,436 0 P 1, Line Z P 1, Line Z Westside Public Safety Facility Project 0413 1,045,757 (992,190) (L) 53,567 0 P 1, Line Y P 1, Line AA Community Center ADA Survey 0430 15,085 (15,960) (M) (875) 0 P 1, Line Z P 1, Line AB Community Center Improvements 0505 (0) 380 (J) 380 (0) P 1, Line AA P 1, Line AC Performing Arts Ctr Re -roof 0506 449,692 (449,692) (N) (0) P 1, Line AE Martin Avenue Storm Drain 0603 0 180,526 (K) 180,526 0 Subtotals 1,510,534 (255,006) 0 1,255,528.00 0 (0) Subtotal From Page 1 172,809,040 7,301,139 0 11,232,943 10,455,335 158,421,901 ..Grand Totals 174,319,574 7,046,133 0 12,488,471 10,455,335 158,421,901 otote: This form is to reconcile the previous Statement of Indebtedness to the current one being filed. However, since the reconciliation period Is limited by law to a July 1 - June 30 fiscal year period, only those items included on the S01 Form A is to be included on this document. To assist in following each item of indebtedness from one SOI to the next, use page and line number references from each SOI that the item of indebtedness is listed on, If the indebtedness is new to this fiscal year, enter "new" in the "Prior W page and line columns. Column F must equal the current SOI, Form A Total Outstanding Debt column. (D) Reimburse General Fund for 2007 -08 administration costs (E) Chamber of Commerce funding for 2007 -08 (F) Sonoma County Tourism funding (G) Capital Improvement Fund for Municipal Golf Course - percentage of revenue (H) Various consulting services (1) Adjustment to make carry over debt zero from year to year (J) To balance Community Center Improvement project expense paid by tax increment (K) To balance Martin Avenue Storm Drain Project paid from tax Increment (L) To adjustment balance to zero since and record expenditures on project as paid (M) To adjustment balance to zero since and record expenditures on project as paid (N) To adjustment balance to zero since and record expenditures on project as paid STATEMENT OF INDEBTEDNESS - FISCAL YEAR INDEBTEDNESS Form A FILED FOR THE 2009 -10 TAX YEAR Page 1 of 1 Name of Redevelopment Agency Community Development Commission of the City of Rohnert Park Name of Project Area Rohnert Park Redevopment Project Area For Indebtedness Entered into as of June 30, 2009 AQ - -- Original Data ---- -i - - - -- Current — Debt Identification Date Principal Term Interest Rate Total Interest Total. Outstanding Debt Principal /Interest Due During Tax Year (A) 1991 TA Refunding Bonds 5/91 13,099,895 30 yrs 5.9 -6.8% 16,734,019 1,740,000 580,000 (B) 1999 Tax Allocation Bonds 2199 11,936,651 36 yrs 3.0 -5.3% 24,695,568 32,662,791 387,790 (C) 2001 TA Refunding Bonds 11/01 8,200,000 20 yrs 3.5.4.5% 4,910,300 9,314,478 386,368 (D) 2003 Lease Revenue Refunding Bds 7/03 6,255,000 20 yrs 2.5 -4.75% 3,534,230 7,073,688 439,880 (E) 2007R Tax Allocation Bonds 2007 34,680,000 30 yrs 3.6 % -5 %. 31,237,560 61,605,713 1,959,979 (F). 2007H Tax Allocation Bonds 2007 16,390,000 30 yrs 3.5 % -5% 10,785,791 38,416,385 1,155,319 -' 7) Loan From City GF/1999 2/99 3,518,000 25 yrs 9% 3,961,260 4,156,580 277,060 ) Financial Software Lease Payment 8/03 21,240 7 yrs 4% 2,716 (0) 0 (1) County Pass Through Agreement 1987 35,000,000 Open N/A 0 0 4,080,096 (J) Housing Set Aside N/A N/A Open N/A 0 0 0 (K) Trustee Fees -1991 TARB 5/91 162,000 30 yrs N/A 0 109,343 2,093 (L) Trustee Fees -1999 TAB 2/99 125,000 25 yrs N/A 0 99,922 2,203 (M) Trustee Fees - 2001 TARB 11/01 100,000 20 yrs N/A 0 82,777 2,203 (N) Trustee Fees - 2003 LRRB 7103 78,122 20 yrs N/A 0 66,143 3,220 (0) Trustee Fees - 2007R TAB 2007 83,220 30 yrs N/A 0 78,066 2,380 (P) Trustee Fees - 2007H TAB 2007 81,000 30 yrs N/A 0 76,015 2,285 (Q) PAC Land Lease Payments 1988 650,000 15 yrs N/A 0 980,000 105,000 (R) 1999 Land Leases (2) 1999 3,500,000 25 yrs NIA 0 1,960,000 140,000 (S) 2008 -09 Admin Cost Reimbursement 2001 N/A Open N/A 0 0 0 (T) Arbitrage Rebate Services 2001 N/A Open N/A 0 0 0 (U) Chamber of Commerce Funding 2001 N/A Open N/A 0 0 0 (V) Sonoma County Tourism Funding 2001 N/A Open N/A 0 0 0 (W)'Foxtail Capital Improvement Fund 2004 N/A Open N/A 0 0 0 (X) Contractual Services 2004 N/A Open N/A 0 0 0 (Y) Westside Public Safety Building 2005 N/A Open N/A 0 0 0 (Z) Community Center ADA Survey 2005 N/A Open N/A 0 0 0 (AA) Community Center Improvements 2005 N/A Open N/A 0 (0) (0) (AB) Performing Arts Ctr Re -roof 2005 N/A Open N/A 0 (0) (0) (AC) Martin Avenue Storm Drain 2006 N/A Open N/A 0 0 0 Total Fiscal Year Indebtedness 158,421,901 9,525,876 Purpose of Indebtedness: (A) Refunded previous 19M bond Issue (B) Tax Allocation Bonds Issued In 1999 for redevelopment purposes (C) Refunding a portion of 1991 Tax Allocation Refunding Bonds (D) Refunding 1994 Refunding CDP's (E) Tau Allocation Bonds Issued in 2007 for redevelopment projects (F) Tax Allocation Bonds Issued in 2007 for housing projects (G) Consolidation of Performing Arts Center Construction Loans (H) Financial Software Lease -10% of Debt (1) Pursuant to tax sharing agreement (J) Pursuant to H & S Code Section 33334.2 (K) To fund bond trustee fees (L) To fund bond trustee fees (M) To fund bond trustee fees (N) To fund bond trustee fees (0) To fund bond trustee fees (P) To fund bond trustee fees (Q) To pay for land lease per agreement (R) To pay4odand leaseper agreement (S) To reimbu Reimburse General Fund for administration costs (T) Arltrage Rebate Calculation Service for existing Issuances (U) Funding for Chamber Operations (V) Funding for Sonoma county Tourism operations (W) Funding for Municlapl Golf Course Improvements (X) Contractual Services with various firms (Y) Funding for Capital Improvement Project (Z) Funding for Capital Improvement Project (AA) Funding for Capital Improvement Project (AB) Funding for Capital Improvement Project (AC) Funding for Capital Improvement Project Agency Name Community Development Commission of the City of Rohnert Park Project Area Rohnert Park Redevopment Project Area Tax Year 2009 -10 Reconciliation Dates From July 1, 2008 to June 30, 2009 1. Beginning Balance, Available Revenues $8,775,521 (See Instructions) 2. Tax Increment Received - Gross 11,765,278 All Tax Increment Revenues, to include any Tax Increment passed through to other local taxing agencies. 3. All other Available Revenues Received 176,959 . (See Instructions) 4. Revenues from any other source, included in 10,428,343 Column E of the Reconciliation Statement, but not included in (1 - 3) above. 5. Sum of Lines 1 through 4 $31,146,101 6. Total amounts paid against indebtedness in previous 22,943,806 year. (D + E on Reconciliation Statement) 7. Available Revenues, End of Year (5 - 6) $8,202,295 FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS, COVER PAGE, LINE 4 NOTES Tax Increment Revenues: The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other loc agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set -aside in the Low an( Income Housing Fund will be washed in the above calculation, and therefor omitted from Available Revenues a• Item 4, above: This represents any payments from any source other than Tax Increment OR available revenues. For instar an agency funds a project with a bond issue. The previous SOI included a Disposition Development Agreemen. which was fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statement as fully repaid under the "other" column (Col E), but with funds that were neither Tax Increment, nor "Available Revenues" as defined. The amounts used to satisfy this DDA would be included on line 4 above in order to acc determine ending "Available Revenues." STATEMENT OF INDEBTEDNESS - POST FISCAL YEAR INDEBTEDNESS Form B FILED FOR THE 2009 -10 TAX YEAR Page 1 of 1 Name of Redevelopment Agency Community Development Commission of the City of Rohnert Park. Name of Project Area Rohnert Park Redevopment Project Area For Indebtedness Entered into post June 30, 2009 ------------------------------- -- - - -- Original Data --------------------------------- I ------------------------------- Current ---------------------------- - ------ Interest Total Total Principal /Interest Debt Identification Date Principal Term Rate Interest Outstanding Debt Due During Tax Year NOT APPLICABLE Total Post Fiscal Year Indebtedness Purpose of Indebtedness: Name of Redevelopment Agency Name of Project Area riscal Period - Totals (Optional) Post Fiscal Period - Totals Grand Totals Available Revenues From Calculation of Available Revenues, Line 7 Net Requirement STATEMENT OF INDEBTEDNESS - CONSOLIDATED FILED FOR THE:2009 -10 TAX YEAR Community Development Commission of the City of Rohnert Park Rohnert Park Redevopment Project Area ----------------- - - - - -- Current--------------------- - - - - -- Balances Carried Forward From: Line Total Outstanding Debt (From Form A, Page 1 Totals) 0) 158,421,901 (From Form B Totals) (2) 0 (3) 158,421,901 (4) 8,202,295 (5) 150,219,606 Consolidate on this form all of the data contained on Form A and B (including supplemental pages). Form A is to include all indebtedness entered into as of June 30 of the Fiscal Year. Form B may, be filed at the option of the agency, and is to include indebtedness entered into post June 30 of the Fiscal Year, pursuant to Health and Safety code Section 33675(c)(2). This is optional for each agency and Is not a requirement for filing the Statement of Indebtedness. The Reconciliation Statement is to include indebtedness from Form A only. Principal /Interest Due During Tax Year 9,525,876 0 9,525,876 Certification of Chief Financial Officer: Pursuant to Section 33675 (b) of the Health and Safety Code, Sandra M. Lipitz Director of Admin Services I hereby certify that the above is a true and accurate Statement Name Title of Indebtedness for the above named agency. Signature Date q