1999/08/24 Community Development Commission Minutes Minutes of the Community Development Commission of
The City of Rohnert Park
August 24, 1999
The Members of the Community Development Commission of the City of Rohnert Park
met this date during the City Council meeting at approximately 8:34 p.m. in the City
Offices, 6750 Commerce Boulevard, Rohnert Park, with Chairperson Reilly presiding.
1. CALL TO ORDER: Chairperson Reilly called the Community Development
Commission to order at approximately 8:34 p.m.
ROLL CALL: Present (5) Commission Members Flores, Mackenzie,
Spiro, Vidak-Martinez and Chairperson Reilly.
Staff present for all or part of the meeting: Executive Director/City Manager
Netter, City Attorney Betsy Strauss and Assistant City Manager Leivo.
2. APPROVAL OF MINUTES: Upon motion by Commission Member
Mackenzie, seconded by Commission Member Vidak-Martinez, with Chairperson
Reilly abstaining due to the absence from the meeting, the minutes of August 10,
1999 were otherwise unanimously approved as submitted.
3. ACKNOWLEDGING EXECUTIVE DIRECTOR/SECRETARY'S
REPORT:
The Executive Director/Secretary's report on posting of the agenda was
acknowledged.
4. UNSCHEDULED PUBLIC APPEARANCES:
Chairperson Reilly stated that in compliance with State Law (The Brown Act),
citizens wishing to make a comment may do so at this time.
1. Shelly Decker, 7216 Roxanne Lane, Rohnert Park: On behalf of lst
Security Loans, Ms. Decker informed the Commission that she was
present to thank the Councilmembers for their assistance. Ms. Decker
stated that the program was a well-run program and that she had a good
working relationship with City staff on the First Time Homebuyers
Program. Ms. Decker stated that she is looking forward to working with
the City again in the future.
5 1999-2000 CDC Budget
1. Staff Report -CDC General & Housing Set-Aside Budget
Executive Director Netter pointed out that the staff report was reviewed in
the Worksession held earlier this evening for this item. Executive Director
Netter summarized the report on the 1999-2000 CDC Budget and
highlighted several points in the budget. Among some of the
recommended programs Executive Director Netter noted were: 1) an
owner-occupied housing/mobile home rehabilitation program with
administration of a program through the County Community Development
Commission; and, 2) proposal for a Christmas in April Program.
With regard to the First Time Homebuyers Program, Executive Director
Netter informed the Commission that 24 loans were approved with the
25th loan pending. Executive Director Netter stated that the budget
includes $400,000 to be set aside for the continuation of this program
which has been expanded to include three loan/broker agents. The
Council also recommended changes in the program to focus on low and
very low-income families. The program terms and provisions will be
drafted and brought forth at a later time.
2. Public Hearing:
Chairperson Reilly opened the Public Hearing at 8:40 p.m.
1. Ben Ford, 2007 Montecito Ave, Santa Rosa: Mr. Ford spoke on
behalf of the Sonoma County Co-housing Program and stated that
his organization is interested in opening facilities in the Rohnert
Park/Cotati area. Mr. Ford stated that his organization would need
to purchase existing housing for renovation, and stated that the
goal would be to include 20-30 households in the communities.
2. Anne Branscomb: Ms. Branscomb stated that she was pleased
with the emphasis that Council has placed on low-income
resident's housing needs. Ms. Branscomb further stated that the
Christmas in April program is a great idea.
MAYOR REILLY CLOSED THE PUBLIC HEARING AT 8:45 P.M.
3. Council Discussion/Action
Resolution No.
99-07 APPROVING A BUDGET FOR FISCAL YEAR 1999-
2000
Upon motion made by Commission Member Flores, seconded by
Commission Member Vidak-Martinez, and unanimously approved,
reading was waived and Resolution No. 99-07 was adopted.
6. MISCELLANEOUS STAFF REPORTS
None.
7. MATTERS FROM COMMISSION MEMBERS:
None.
For the record, Commission Member Reilly stated that the Council has
limited options on spending funds under Community Development and
that funds are specifically aimed. If not spent in those specified areas, the
City cannot spend the money at all.
8. ADJOURNMENT: There being no further business, Chairperson Reilly
adjourned the meeting at approximately 8:53 p.m.
—47.
Teresa Taylor-King. R der arncs J. Reilly, Jr.,Chairpe n
OR24994x1c.mn
RESOLUTION NO. 99- 07
A RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROHNERT PARK APPROVING A BUDGET
FOR FISCAL YEAR 1999-2000
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 1999-2000 .
DULY AND REGULARLY ADOPTED this 24th day of August , 1999
COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROHNERT PARK
flet'n-(41 Ci2RQ'jj2a6
airman
ATTEST �� :'+
or • oZ
Y0
'V y V
410
I o, riw. 6
1�,e
Secr-tart' '�iatntttb-`
FLORES: AYE MACKENZIE: AYE SPIRO: AYE VIDAK-MARTINEZ: AYE REILLY: AYE
AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)
Community Development Commission
K CET tooegs
of the p COUNCIL:
26/99 City of Rohnert Park MISCELLANEOUS
io,Asst. City Manager COMMUNICATI INS
Harrow, Finance Director
Ix 1999-2000 Budget AGENDA
ity Mng's.Council Agenda Chron File 4
COPY TO: 111
edevelopment Fund
ix Increment Revenues
For 1999-2000, budgeted tax increment revenues have increased to $3,300,000. This is an estimated
crease of$68,000 over 1998-99 actual of$3,232,000. The assessed valuation for the redevelopment
oject area is not available until November. The amount actually received for 1999-2000 will most
cely be a little higher than what is provided in this budget.
Interest earnings are anticipated to be approximately $80,000 (tax increment) and $100,000 (bond
•oceeds).
,perating Expenses/Transfers
The operating expenses in the Redevelopment Fund are as follows:
Trustee fees for the three bond issues $10,000
. Property tax administration fee 100,000
(3) land lease payments to City 210,000
. Interest payment to City for loan from General Fund 316,620
. Principal payment to City for loan from General Fund 42,000
. Debt payment on Tax Allocation Refunding Bonds 814,276
. Debt payment on Refunding Certificates of Participation 578,513
. Debt payment on 1999 Tax Allocation Bonds 455,436
. Transfer to Housing Fund 910,000
0.Transfer to General Fund (administration) 376,000
The operating expenses listed above occur every fiscal year. The interest expense decreases as the
:DC pays down the General Fund loan. As tax increment revenues increase, the transfer to the Housing
'und increases also.
lousing Fund
transfer from Redevelopment Fund/Interest Earned
The Redevelopment Fund, pursuant to State law, must transfer 20% of the gross tax increment (less
:ertain adjustments) to the Housing Fund each year. For 1999-2000 the amount of the transfer is
:stimated to be $910,000.
Interest earned from investments is budgeted at $100,000 and interest earned from loans in budgeted
it$50,000.
(1)
S
perating Expenses/Transfers
The operating expenses in the Redevelopment Fund are as follows:
Dues and subscriptions $ 2,500
Travel &meetings 3,000
Trustee fees for Tax Allocation Refunding Bonds (20%) 2,500
20% of property tax administration fee 30,000
Program delivery-Rehab program 175,000
Administration-MCC program 2,500
Grant-Petaluma People Services 51,250
Grant-Homeless Prevention Group 10,000
Allocation of expenses from City General Fund 452,000
.Debt payment for Tax Allocation Refunding Bonds (20%) 203,569
The expenses listed above are all related to the CDC Housing program. The tax increment allocated
this fund must be spent on housing related programs within five years of their deposit into the fund. If
ie expenditures are not made in a timely manner, the unexpended funds must be turned over to the
'ounty Housing Authority and can be spent on housing projects anywhere in the County. The allocation
f expenses from the City's General Fund has an entire page in the budget that provides the itemization
nr the $452,000 charge.
Lousing Loans
The following new housing loans appear in the 1999-2000 budget and will be repaid with interest:
. Owner/ME-I rehab loan program 500,000
. New multifamily housing loans 820,000
. First time homebuyer loans 400,000
The 1999-2000 budget provides for the reallocation of the Rancho Feliz bond pledge ($250,000). The
ands will be received from the trustee and reallocated to serve as additional security required by the
'ond documents of the Rancho Feliz bond sale(11/95).
The 1999-2000 budget provides for the purchase of two (2) more houses to be used in the Shared
,iving Home program. Under this program, the Housing Fund purchases houses and rents are used by a
.ontractor to provide program services.
Jutstanding Debt
The outstanding debt($33,394,546)of the CDC as of 6/30/99 is as follows:
L. Tax Allocation Refunding Bonds(Matures 2020) $10,834,895
1. Refunding Certificates of Participation(Matures 2017) 7,105,000
3. 1999 Tax Allocation Bonds(Matures 2024) 11,936,651
l•. General fund loan(Matures 2024) 3,518,000
It should be noted that a redevelopment agency must be in debt in order to receive tax increment
-evenues.
Projects
The 1999-2000 provides for $800,000 in project payments for the new library. These payments will
be made from proceeds of the 1999 Tax Allocation Bond issue.
(2)
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
1999-2000 BUDGET
Fund 910 Fund 911
Redevelopment Low & Moderate
Fund Housing Fund
?ATED REVENUES
sty tax increment $3, 300, 000 $0
-st from tax increment 80, 000 0
?st from bond reserve funds 100,000 0
Est from investments 0 100, 000
sst from loan repayments 0 50, 000
2evenues $3, 480, 000 $150, 000
RATED EXPENDITURES
)perating Expenditures:
5, Subscriptions 0 2, 500
1 & Meetings 0 3, 000
::tua1 Services:
ae fees/bond issues 10, 000 2, 500
y of Sonoma/Property tax admin fee 100, 000 30, 000
/MH rehab program delivery 0 175, 000
3ministration 0 2, 500
Subsidy Program 0 0
tmas in April 0 20, 000
ss Services:
uma People Services 0 51, 250
ess Prevention Group 0 10, 000
is to City of Rohnert Park:
nt to City- (3) land leases 210, 000 0
nt to City- loan interest 316,620 0
nt to City- loan principal 42, 000 0
ation of expenses from City general fund 376, 000 452, 000
Operating Expenditures 1, 054, 620 748, 750
OF REVENUES OVER
EXPENDITURES 2,425, 380 (598, 750)
FINANCING SOURCES (USES) :
1 Project Expenditures (paid from bond funds) (800, 000) 0
ing Transfers In (Out) (20% set-aside) (910, 000) 910, 000
ing Transfers Out For 1991 TARB (814, 276) (203, 569)
ing Transfers Out For 1994 RCOP (578, 513) 0
ing Transfers Out For 1999 TAB (455,436) 0
Other Financing Sources (Uses) (3, 558, 225) 706, 431
OF REVENUES AND OTHER FINANCING
'ES OVER (UNDER) EXPENDITURES
FINANCING USES (1, 132, 845) 107, 681
SALANCE, JULY 1, 1999 7, 797, 914 5, 151, 895
SALANCE, JUNE 30, 2000, estimated $6,665, 069 $5, 259, 576
)OCDABUD.xIs
411
COMMUNITY DEVELOPMENT •ISSION
OF THE
CITY OF ROHNERT PARK
CASH FLOW STATEMENT
99-2000 Budget
Fund 910 Fund 911
Redevelopment Low & Moderate
Fund Housing Fund
lance, July 1, 1999, preliminary
Moderate Income Housing Fund $0 $1, 783, 945
•d for 8/99 TARB Pmt 0 146, 096
'ement Project Fund 0 0
,roceeds Fund 10, 536, 298 0
!st earned cash 145,044 0
'ram tax increment : 927, 537
!d for 8/99 TARB Pmt 584, 384 see above
!d for 8/99 TAB Pmt 394, 004 0
'ATED SOURCES OF CASH
-ty Tax Increment 3, 300,000 0
ig set-aside (910, 000) 910, 000
2st from investments 180, 000 100, 000
2st from loan repayments 0 50, 000
loan payoffs 0 20, 000
principal payments 0 25, 000
Ledge Pool (incl interest) 0 277, 000
D Feliz Pledge (incl interest) 0 260, 000
Anticipated Sources of Cash $14, 178, 879 $3, 572 , 041
PATED USES OF CASH
& Subscriptions $0 $2, 500
1 & Meetings 0 3, 000
ctual services:
tee fees/bond issues 10, 000 2, 500
ty property tax admin fee 100, 000 30, 000
Administration 0 2, 500
ss Services (Grants) :
luma People Services 0 51,250
less Prevention Group grant 0 10, 000
vation of Housing:
r Occ/MH Rehab (Loans) 0 500, 000
ram Delivery/Rehab 0 175, 000
stmas in April 0 20, 000
( Living Homes (Purchase 2 homes) 0 500, 000
Lltifamily Projects (Loans/TED) 0 820, 000
00CASHFL.XIS
(4)
ime Home Buyer (Loans) 411 411 400, 000
Feliz Bond Pledge 0 250, 000
s to City of Rohnert Park:
stration fee-City general fund 376, 000 452, 000
n interest payments 316,620 0
t to City/Loan Repayments 42, 000 0
ease payments (3) 210, 000 0
project expenditures (from bond proceeds) 800,000 0
rvice pmts/1991 TARBS 814,276 203, 569
rvice pmts/1994 RCOPS 578, 513 0
xvice pmts/1999 TABS 455,436 0
nticipated Uses of Cash $3,702, 845 $3, 422, 319
dance, June 30, 2000, Estimated $10, 476, 034 $149, 722
cash balance needed for:
TAB Projects 9, 736,298
TARB Payment 593,892 148,473
TAB Payment 336,433 0
00CASHFL.xIs
(5)
*UNITY DEVELOPMENT COMMISSION 410
OF THE
CITY OF ROHNERT PARK
Balance Sheet
June 30, 1999
Fund 910 Fund 911
Redevelopment Housing
;ets
;h and Investments:
:mprovement project fund $0 $0
,ow & moderate income housing fund 0 1, 930, 041
3ond proceeds/Trustee/1999 tax allot. bonds 10, 536, 298 0
:ash from interest earned 145, 044 0
:ash from Tax Increment 927, 537 0
Zefundable deposits 0 3,396
[nnovative Housing rents 0 5,242
:ash with Fiscal Agent 0 289, 550
:al Cash and Investments 11,608, 879 2,228, 229
Accounts receivable 0 0
Interest receivable 31, 028 12,887
Taxes receivable 130, 187 0
.oans receivable/Rehab 0 639, 980
Note receivable/lnd. Living Skills 0 16,450
Vote receivable/Burbank Housing (Tower Apts) 0 390, 000
Vote receivable/NEH Homeowner Assist. (Windsong 0 64, 614
Vote receivable/Burbank Housing (Garden Apts) 0 260, 000
1st Time Homebuyer Program 0 89,229
Vorthbay Rehab/Note Receivable 0 292, 000
Loan receivable/Rancho Feliz Gate 0 31, 307
Loan receivable/Muirfield Apartments 0 319, 000
1998 First Time Homebuyers 0 210, 000
Scattered Site Project/Burbank Housing 0 215, 000
Due from CDA General Fund (Due 5/2003) 0 453, 794
Due from RP Housing Financing Authority 0 382,450
tal Assets $11, 770, 094 $5, 604 , 940
abilities and Fund Equity
abilities:
Accounts Payable $386 $0
Deferred Revenue 0 41, 592
Refundable deposits 0 3, 396
Due to City general fund 0 10, 000
Due to Low & Mod. Income Housing Fund 453, 794 0
Loan from City general fund 3, 518, 000 0
2nd Deeds of trust/Sonoma County 0 150, 000
tal Liabilities 3, 972, 180 204, 988
nd Equity:
Undesignated fund balance (deficit) 7, 797, 914 0
Designated for Low & Mod Housing 0 5, 399, 952
;tal Fund Equity 7, 797, 914 5, 399, 952
)tal Liabilities and Fund Equity $11, 770, 094 $5, 604, 940
)OBALST.XIS
(6)
! !
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
Statement of Long Term Debt Outstanding
June 30, 1999
utstanding Long Term Debt:
991 Tax Allocation Refunding Bonds $10, 834, 895
999 Tax Allocation Bonds 11, 936,651
994 Refunding Certificates of Participation 7, 105, 000
otal Long Term Debt as of June 30, 1999 $29,876, 546
ther Indebtedness:
oan from City general fund $3, 518, 000
)OLTD.X15 (7)
111•
COMMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
REDEVELOPMENT FUND
1999-00 BUDGET
Estimated Project Expenditures:
Library $800, 000
Total Project Expenditures $800, 000
OPROJ.XIS (8)
•MMUNITY DEVELOPMENT COMMISSION
OF THE
CITY OF ROHNERT PARK
1999-00 Budget
COMPUTATION OF GENERAL FUND
ALLOCATION TO REDEVELOPMENT FUND
Estimated
% Applied
1999-00 to Redevelopment
Budget Operations Amount
General Government:
City Council $58, 315 10% $5, 832
City Manager 535, 810 10% 53, 581
Finance & Accounting 937, 190 10% 93, 719
Information Systems 281, 545 5% 14, 077
Stores 75, 185 0% 0
Legal Services 102, 000 5% 5, 100
Planning 428, 930 5% 21,447
Personnel 298,655 5% 14, 933
Administrative Support 84, 075 0% 0
City Offices Building 166,200 10% 16, 620
City Offices Annex 58, 000 10% 5, 800
Non-Departmental 1,485, 705 5% 74 ,285
Non-Departmental Benefits 221,420 5% 11, 071
Sub-total General Gov't . $316 ,464
Public Works:
Engineering 383 , 330 10% 38, 333
Public Works - General 2, 100, 085 1% 21, 001
Total $375, 798 **
** Rounded amt used in 1999-2000 budget= $376, 000
)OCDA RE 910.XIS (9)
•MMUNITY DEVELOPMENT COMMISSIO.
OF THE
CITY OF ROFINERT PARK
1999-2000 Budget
COMPUTATION OF GENERAL FUND
ALLOCATION TO CDC LOW & MOD FUND
Estimated
% Applied
1999-00 to CDC L & M
Budget Operations Amount
General Government:
City Council $58, 315 10% $5, 832
City Manager 535, 810 25% 133, 953
Finance & Accounting 937, 190 10% 93, 719
Information Systems 281, 545 5% 14, 077
Stores 75, 185 0% 0
Legal Services 102, 000 15% 15, 300
Planning 428, 930 5% 21,447
Personnel 298, 655 5% 14, 933
Administrative Support 84, 075 0% 0
City Offices Building 166,200 5% 8,310
City Offices Annex 58, 000 10% 5, 800
Non-Departmental 1,485, 705 7% 103, 999
Non-Departmental Benefits 221, 420 7% 15,499
Sub-total General Gov't. $432,868
Public Works:
Engineering 383, 330 5% 19, 167
Public Works - General 2, 100, 085 0% 0
Total $452, 035 **
** Rounded amt used in 1999-2000 budget- $452, 000
00CDA RE_911.XI5 (10)
410 COI1JNITY DEVELOPMENT COMMISS
OF THE
CITY OF ROHNERT PARK
6750 Commerce Boulevard
Rohnert Park, California 94928
Telephone (707) 588-2226
NOTICE OF PUBLIC HEARING
CE IS HEREBY GIVEN that the Board of the Community Development
ission of the City of Rohnert Park will hold a PUBLIC HEARING.
WHERE : City Hall, 6750 Commerce Boulevard, Rohnert Park
WHEN : August 24, 1999 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 1999-2000 .
persons interested in this matter should appear at the August 24th
ission meeting. Copies of the 1999-2000 Community Development
aission Budget are available by contacting the City Manager' s office .
:ten statements may be submitted in advance for presentation to the
rd as part of the public hearing.
ald you have any questions regarding the proposed 1999-2000 CDC Budget
ase contact Treasurer Michael Harrow or Executive Director Joseph
ter .
Joseph D. Netter
Executive Director
ed: August 12, 1999