1996/08/27 Community Development Commission Minutes Community Development Commission of
The City of Rohnert Park Minutes
August 27, 1996
The Members of the Community Development Commission of the City of Rohnert Park
met this date during the City Council meeting at approximately 8:00 p.m. in the City
Offices, 6750 Commerce Boulevard, Rohnert Park, with Chairman Flores presiding.
CALL TO ORDER: Chairman Flores called the Community Development Commission to order at
approximately 8:10 p.m.
ROLL CALL Present: (4) Commission Members Eck, Gallagher, Reilly,
and Chairman Flores
Late: (1) Commission Member Spiro (arrival time as signified in these minutes)
Absent: (0) None
Staff present for all or part of the meeting: Executive Director/City Manager Netter,
City Attorney Flitner and Assistant City Manager Leivo.
APPROVAL OF MINUTES: Upon motion by Commission Member Reilly, seconded by
Commission Chairman Flores, minutes of August 13, 1996 were unanimously
approved as submitted.
APPROVAL OF BILLS: Upon motion by Commission Member Reilly seconded by Commission
Member Eck, the bills presented per the attached list in the amount of $41,308.65
were approved.
Commission Member Spiro returned to the Council Chamber at 8:15 p.m.
ACKNOWLEDGING EXECUTIVE DIRECTOR/SECRETARY'S REPORT:
The Executive Director/Secretary's report on posting of the agenda was acknowledged.
UNSCHEDULED PUBLIC APPEARANCES:
Chairman Flores stated that in compliance with State Law (The Brown Act), citizens
wishing to make a comment may do so at this time. No one responded.
MATTERS FROM COMMISSION MEMBERS:
Economic Development Funding: City Manager Netter advised that this item was presented to the
City Council and reviewed his staff report for the proposed job creation loan program
and partnership with the Chamber of Commerce, CDBG funding and possibly the
County Economic Development Commission.
City Manager Netter reviewed the budget cash flow statement and introduced Finance
Director, Mike Harrow to answer any questions the Commission members may have.
Community Development Commission of the City of Rohnert Park Minutes ( 2 ) August 27 , 1996
City Manager Netter reviewed the budget figures and the Performing Arts Center land
lease.
Commission Member Gallagher asked how the City could loan out redevelopment
money and take the interest we get back and put it into the general fund'
City Manager Netter stated the City loaned the funds to the Redevelopment Agency
mainly from the annexation fees account and the City would be getting interest on the
funds if we had not loaned the money from the general fund.
Commission Member Reilly stated the CDC is just paying the interest and not the
principal.
Commission Member Eck questioned money going into the reserve accounts and the
Performing Arts Center loans and asked where that money was coming from'
Director of Finance, Harrow, stated the money was from the General Fund.
Commission Member Eck asked that for the benefit of future Council Members he
recommended that a policy be set for the reserve fund/annexation fee account.
City Manager Netter stated the annexation fees account/reserve funds are designated for
capital projects.
Chairperson FIores opened the public hearing.
Linda Branscomb, 21 Anne, Rohnert Park, was recognized and asked for clarification
about money going to the Rohnert Park Showplace theater project from the CDC
budget`.'
City Manager Netter advised Ms. Branscomb they were referring to the Performing Arts
Center when they used the word theater.
Chairperson Flores closed the public hearing.
Upon motion by Commission Member Eck, seconded by Commission Member
Gallagher, Resolution 96-07 was adopted approving the 1996 - 97 CDC Budget.
ADJOURNMENT: There being no further business, Chairman Flores adjourned the meeting at
approximately 8:20 p.m.
Deputy Secretary Chairperson
mm
r-{,t4O-c- f —0-, Cfo( "l/ 76,
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RESOLUTION NO. 96- )7
A RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROHNERT PARK APPROVING A BUDGET
FOR FISCAL YEAR 1996-97
BE IT RESOLVED, by the Community Development Commission of the
City of Rohnert Park that certain budget submitted by the Executive
Director, a copy of which is attached hereto and by reference made
a part of this resolution, be and the same is hereby approved and
adopted as the budget for the Community Development Commission of
the City of Rohnert Park for the fiscal year 1996-97 .
DULY AND REGULARLY ADOPTED this 27thday of August , 1996 .
COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROHNERT PARK
.4/1-1--E-12/)-1"-1
Chairman
ATTEST ottirestete• • •
'
Secretary = \ 1986 r �,
?Aq
.` ,+1ryy J ....�o`may*, i
ECK AYE GALLAGHER_ AYE REILLY AYE SPIRO ';YE FLORES AYE
AYES: 5 NOES: ° ABSENT: ABSTAIN:
COMMUNITY DEVELOPMENT COMMISSION
of the
CITY OF ROHNERT PARK
PROPOSED BUDGET
1996-97
Redevelopment Fund
and
Low & Moderate Housing Fund
Council Correspondence
Copy to ea. Councilman
August 13, 1996 C°pyto S f, /?4,>
Copy to `
Copy to
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
1996-97 CASH FLOW STATEMENT
Redevelopment Low & Moderate
Fund Housing Fund
3alance, July 1, 1996
Moderate Income Housing Fund $0 $1,495, 612 (1)
)vement Project Fund 0 0
Proceeds Fund 97,913 0
rest earned cash 78,007 0
from tax increment 525,767 (1) 0
:PATED SOURCES OF CASH
?rty Tax Increment 2,850,000 0
.ng set-aside (820, 000) 820,000
rest from investments 55, 000 90,000
rest from loan repayments 0 45,000
loan payoffs 0 20,000
principal payments 0 20,000
Anticipated Sources of Cash $2,786,687 $2,490,612
:PATED USES OF CASH
& Subscriptions $0 $1,000
rl & Meetings 0 3,000
'actual services:
;tee fees/bond issues 10,000 2,400
ity property tax admin fee 47,200 11,800
le Home Earthquake Bracing grants 0 250,000
.n for Earthquake Bracing Program 0 75,000
program administration 0 2, 500
luma People Services 0 42,500
,rfaith shelter Network grant 0 5,000
less Prevention Group grant 0 10,000
olic Charities 0 5,000
nistration fee-City general fund 0 6332,000 1
;unity Resources For Independence grant 0 20,000 (5)
Northbay Rehab Services Loan 0 214,000
ecified New Affordable Housing Projects 0 500,000 (3)
r/Rental Rehab Loan Program 0 200,000 (3)
nistration of Owner/Rental Rehab Program 0 60,000 (3)
le Home Park Loans - /s. ✓. r,%' 0 200,000 (4)
an interest payments-
tf (,: 350, 720 0
)7CASHFL.XLS
.tre land lease payment 70,000 0
.tal project expenditures ( see attached) 97,913 0
. service pmts/1991 TARBS 815, 144 203,786
service pmts/1994 RCOPS 576,528 0
Development Program Loans 100,000 0
Development Program, Development/Loan Review 30,000 0
Lent to City/Loan Repayments _ 82,336 0
Anticipated Uses of Cash $2,179,841 $2, 137,986
Balance, June 30, 1997, Estimated $606,846 (2) $352,626 (2)
95,090 is needed for the 8/96 debt service payment for the 1991 TA Refunding Bonds
$556,072 from Redevelopment Fund & $139,018 from Housing Fund)
03,840 is needed for the: 8/97dgt service payment for the 1991 TA Refunding Bonds.
$563,072 from Redevelopment Fund & $140, 768 from Housing Fund)
ssible projects/proposals will be presented to the Board at a later date
pital improvement loans
bject to use of Rohnert Park' s share of CDBG funds
/\ t
2.� ; ___)
J
r
r
)7CASHFL.XLS
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
1996-97 BUDGET
Redevelopment Housing
7IPATED REVENUES Fund Fund
perty tax increment $2,850,000 SO
rest from investments 55,000 90,000
?rest from loan repayments 0 45,000
. Revenues $2,905,000 $135,000
:IPATED EXPENDITURES
& Subscriptions 0 1,000
rl & Meetings 0 3,000
•actual Services:
;tee fees/bond issues 10,000 2, 400
ity of Sonoma/Property tax admin fee 47,200 11,800
hruake bracing program administration 0 75,000
Program Administration 0 2, 500
luma People Services 0 42,500
rfaith Shelter Network 0 5,000
less Prevention Group 0 10,000
olio Charities 0 5,000
unity Resources For Independence grant 0 20,000
ent to City- theatre land lease 70,000 0
ent to City- theatre loan #1 interest 280,000 0
ent to City- theatre loan #2 interest 33, 150 0
ent to City- theatre loan #3 interest 37,570 0
ent to City- theatre loan #1 principal 0 0
ent to City- theatre loan #2 principal 0 0
ent to City- theatre loan #3 principal 0 0
r/Rental Rehab Program administration 0 60,000
ecified new housing projects 0 500,000
cation of expenses from City general fund 0 332,000
Operating Expenditures 477,920 1,070,200
S OF REVENUES OVER
R) EXPENDITURES 2,427,080 (935,200)
FINANCING SOURCES (USES) :
al Project Expenditures (see attached) (97,913) 0
Ling Transfers In (Out) (20% set-aside) (820,000) 820,000
Ling Transfers Out For 1991 TARB (815,144) (203,786)
Ling Transfers Out For 1994 RCOP (576, 528) 0
)7CDABUD.XLS
1 Other Financing Sources (Uses) (2,309,585) 616,214
5S OF REVENUES AND OTHER FINANCING
ICES OVER (UNDER) EXPENDITURES
ER FINANCING USES 117,495 (318,986)
BALANCE, JULY 1, 1996 (4,031,239) 4,119,448
BALANCE, JUNE 30, 1997, Est. ($3,913,744) $3,800,462
97CDABUD.XLS
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
Balance Sheet
June 30, 1996
Preliminary/Unaudited
Redevelopment Housing
Lssets
'ash and Investments:
Improvement project fund $0 SO
Low & moderate income housing fund 0 1,495,612
Bond proceeds-1988 tax alloc. bonds 97,913 0
Cash from interest earned 78,007 0
Cash from Tax Increment 525,767 0
btal Cash and Investments 701,687 1,495,612
Accounts receivable 0 0
Interest receivable 51, 538 0
Taxes receivable 72,289 0
Loans receivable/Rehab 0 872,992
Note receivable/Ind. Living Skills 0 16,450
Note receivable/Burbank Housing (Tower Apts) 0 390,000
Note receivable/NEH Homeowner Assist. 0 64,614
Loan receivable/Innovative Housing 0 286,338
Note receivable/Burbank Housing (Garden Apts) 0 358,598
1st Time Homecuyer Program 0 156,510
Northbay Rehab/Note Receivable 0 25,000
Due from CDA General Fund (Due 5/2003) 0 453,794
otal Assets $825, 514 $4,119,908
iabilities and Fund Equity
iabilities:
Accounts payable $34,473 $460
Due to City general fund 0 0
Due to Low & Mod. Income Housing Fund 490,280 0
Loan from City general fund 4,332,000 0
Dtal Liabilities 4,856, 753 460
end Equity:
Undesignated fund balance (deficit) (4,031,239) 0
Designated for Low & Mod Housing 0 4, 119,448
atal Fund Equity (4,031,239) 4,119,448
)tal Liabilities and Fund Equity $825,514 $4,119,908
)ans from City general fund (Performing Arts Center contruction)
Joan #1, balance 6/30/96 _ _ 53,500,000
Joan #2, balance 6/30/96 390,000
.oan #3, balance 6/30/96 442,000
'otal loans due City general fund as of 6/30/96 $4,332,000
17BALST.XLS
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
1996-97 Budget
COMPUTATION OF GENERAL FUND
ALLOCATION TO CDC LOW & MOD fUND
Estimated
% Applied
1996-97 to CDC L & M
Budget Operations Amount
General Government:
City Council $64 , 490 10% $6, 449
City Manager 412 , 830 15% 61, 925
Finance & Accounting 829 , 655 10% 82 , 966
Data Processing 215, 485 5% 10, 774
Stores 73 , 720 0% 0
Legal Services 69 , 935 15% 10 , 490
Planning 275 , 240 5% 13 , 762
Personnel 227 , 890 5% 11, 395
Internal Audit 78 , 195 0% 0
City Offices Building 204 , 600 5% 10, 230
City Offices Annex 42 , 200 10% 4 , 220
Non-Departmental 1 , 422 , 675 7% 99 , 587
Sub-total General Gov 't. $311 , 797
Public Works:
Engineering 419 , 350 5% 20, 968
Public Works - General 2 , 008 , 510 0% 0
Total $332 , 765 **
** Rounded amt used in 1996-97 budget= $332 , 000
97CDA RE.XLS
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
REDEVELOPMENT FUND
1996-97 BUDGET
Estimated Project Expenditures:
RP Expressway Overpass Widening $97 , 913
Total Project Expenditures $97 , 913
37PROJ.XLS
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
Statement of Long Term Debt Outstanding
June 30, 1996
Outstanding Long Term Debt:
1991 Tax Allocation Refunding Bonds $11 , 979 , 895
1994 Refunding Certificates of Participation 7 , 785, 000
Total Long Term Debt as of June 30, 1996 $19, 764 , 895
Other Indebtedness:
Loans from City general fund $4 , 332 , 000
)7LTD.XLS
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARR
6750 Commerce Boulevard
Rohnert Park, California 94928
Telephone (707) 793-7226
NOTICE OF PUBLIC HEARING
['ICE IS HEREBY GIVEN that the Board of the Community Development
emission of the City of Rohnert Park will hold a PUBLIC HEARING.
WHERE: City Hall, 6750 Commerce Boulevard, Rohnert Park
WHEN: August 27 , 1996 at the hour of 6 : 30 p.m. or as
soon thereafter as the matter is reached.
PURPOSE: To solicit citizen input regarding the Community
Development Commission Budget for 1996-97 .
persons interested in this matter should appear at the October 24th
[mission Board meeting. Copies of the 1996-97 Community Development
[mission Budget are available by contacting the City Manager ' s office.
tten statements may be submitted in advance for presentation to the
rd as part of the public hearing.
uld you have any questions regarding the proposed 1996-97 CDC Budget
ase contact Treasurer Michael Harrow or Executive Director Joseph
ter.
Joseph D. Netter
Executive Director
ed: August 7 , 1996