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HomeMy WebLinkAboutPCDC Resolution 2009-10 10/05/2009RESOLUTION NO. 2009-10 PETALUNIA CONIIVIUIVITY DEVELOPI1AEfVT C011flNAISSIOIV ACCEPTING THE M1D-TERM REVIEW OF THE PCDC 2007-2012 FIVE YEAR IMPLEMENTATION PLAN AND APPROVING AN ADDENDUM THERETO WHEREAS, the Petaluma Community Development Commission (PCDC), a public body, corporate and politic, was activated on December 1, 1975 by the City of Petaluma Ordinance No. 121 N.C.S. and is a redevelopment agency duly organized pursuant to Community Redevelopment Law, California Health and Safety Code Section 33000 et seq. (CRL); and, WHEREAS, the PCDC administers two redevelopment project areas within the City of Petaluma: • The Central Business District Project Area; and o The Petaluma Community Development Project Area; and, WHEREAS, the CRL requires that each redevelopment agency adopt and update every five years an Implementation Plan, which provides documentation for the link between the elimination of blight and the proposed actions of the redevelopment agency; and, WHEREAS, the PCDC last adopted afive-year plan for the two project areas and the Low-Moderate Income Housing Fund in June 2007; and, WHEREAS, the CRL also requires that every redevelopment agency, at least once within the five-year term of the Implementation Plan, conduct a public hearing and hear testimony of all interested parties for the purpose of reviewing the redevelopment plan and the corresponding implementation plan for each redevelopment project area within the jurisdiction and evaluating progress of the redevelopment projects; and, WHEREAS, on October 5, 2009, the PCDC held a duly noticed public hearing to review the 2007-2012 Five Year Implementation Plan; and, WHEREAS, PCDC staff has prepared and presented to the PCDC an Addendum to Five Year Implementation Plan, attached hereto as Exhibit A. PCDC Resolution No. 2009-10 Page 1 NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community Development Commission hereby accepts the Mid-Term review of the PCDC 2007-2012 Five Year Implementation Plan and approves the Addendum thereto, attached hereto as Exhibit A. ADOPTED this 5fh day of October, .2009, by the following vote: Commissioner Aye No Absent Abstain Vice Chair Barrett X Glass X Harris X Healy X Rabbift X Renee X Chair Torliatt X ATTEST: Claire Cooper, CMC, Recording retary Eric Danly, G eral Counsel PCDC Resolution No. 2009-10 Page 2 APPROVE[~6CS Ti0 FORM: EXHIBIT A ADDENDUM TO FIVE YEAR IMPLEMENTATION PLAN MID-TERM REVIEW I. Introduction and Background The purpose of the Midterm Review of the 2007 Five-Year Implementation Plan (Implementation Plan) is to provide a review of the current status of the goals, programs and projects, and estimated expenditures set forth in the Implementation Plan and update it accordingly. In accordance with the California Community Redevelopment Law (CRL), the Petaluma Community Development Commission (PCDC) adopted the 2007 Five-Year Implementation Plan on June 18, 2007. The purpose of the Implementation Plan was to set forth the specific goals, programs, projects, and estimated expenditures for the Project Areas administered by PCDC for the five-year period from FY 2007%08 through FY 2011/12. The Midterm Review provides an opportunity to evaluate PCDC's progress towards its Implementation Plan goals. The CRL requires that a public hearing on the progress of the Implementation Plan take place no earlier than two years and no later than three years after adoption of the Implementation Plan. This Addendum contains the key f ndings of the Midternt Review and revisions to the 2007 Implementation Plan. A. Summary of Major Findings and Changes to the Five-Year Implementation Plan Over the past year, the Petaluma City Council, in its capacity as the PCDC Board, has undertaken an evaluation of redevelopmentprojects and activities. This evaluation is described in more detail in Section II below. The PCDC Board has determined to slufr some resources among specific projects to more strategically utilize PCDC funding. Table 1 summarizes actual resources spent to date and projected expenditures by redevelopment program category. B. Organization This Addendum contains two major sections. The first section focuses on redevelopment activities not related to housing (Non-Housing Program). `11ie second summarizes PCDC's affordable housing activities (I-housing Program), discussing housing accomplishments, charting PCDC progress in meeting its affordable housing obligations, and planning for the remainder of the Implementation Plan period. Petaluma Community Development Commission .~ 1.1 Seifel Consulting Inc. Implementation Plan Midterm Review September 2009 PCDC Resolution No. 2009-10 Page 3 Table 1 Summary ofActual and Projected Five•Year Redevelopment Program Expenditures, FY 2006107 • FY 2011112 Petaluma Community Development Commission Es enditures ro rams and Pro'ccts Actual Expenditures, F'Y 2006/07 to F'Y 2008/(19° projected Fxpenditures, I'Y 2009/10 to F7 2011/12 Total Actual and Projected Ezpendihires, ICY 2(106/07 to FY 2011/12 Circulation Landsca in and Parlcvt Im rovemerrts $14.460 000 $ 12 981 000 $ 27.440 000 PublicFacililicsundlnfrash~trcture $4.359000 $ $ 4359,000 Economic Develo meet $1~R.000 $ ]4.120 000 $ l4 278.000 Buildin Rehabilitation $1.020.000 $ 251,000 $ 1,275 000 Site Pre aration and llevelo ment $63G000 $ 15,567 000 $ 16 204,0(IU Other $118 000 $ 25 000 $ 143 000 Total Nnn-Housin S20 7501N10 $ 42 94R 000 $ 63 69R 000 Affordable Housin Pro ram' $7 191 482 N/.4 N/A Total Redevelo ment Pro ram 327,941,482 NL4 N/A Natz' Projectzd zxpznditures roundedto the nearzst thousand. a, 'Co maintain consistency with the 2(107lmplementation Plan, actunl expznditures includz GY 2006/07, which is not part ofthz five-year Implem entatien Planperiod. h. Changesto the 2(K~7 implementation Plan donor include revisions tnihz Agency's Affordable Rousing Program. Source: Petalwna Community Development Commission. Petaluma Community Development Commission Implementation Plan Midterm Review Seifel Consulting Inc. September 2009 PCDC Resolution No. 2009-10 Page 4 II.Non-Housing Program Section II of [he Addendum includes a summary ofnon-housing program accomplishments, plans for the remainder of the Implementation Plan period, and a review of revenues and expenditures. A. Accomplishments PCDC has undertaken many non-housing projects and activities in the Project. Areas over the initial two years of the 2007 Implementation Plan period and has major projects in focus for the remaining three years. Projects completed by PCDC in the first two years of the Implementation Plan period include, but are not limited to: • Drafting designs for pedestrian improvements along the Petaluma River. • Completing traffic and circulation improvements along Caulfield Extension, Petaluma Boulevard, Ely Street, Washington Street and 12ainier Avenue, • Finishing Phase 1 of the Water Street Turn Basin improvements, • Undergrounding utilities in the Theater District, and • Funding the Fire Sprinkler Study and Program. Please refer to Table 2 frn• a full list of project completed as of the end of FY 2008/09. PCDC has been and will continue to undertake projects and activities in the Merged Project Areas to alleviate blighting conditions and achieve the goals set forth in the Redevelopment Program. B. Plans for the Remainder of the Five-Year Implementation Plan Period In Fall 2008, the PCDC Board began a strategic assessment of PCDC actions to establish priorities that will best encourage Ste revitalization of the redevelopment project areas and fiscal health. Based on Board direction, PCDC and Seifel staff: • Reviewed recent PCDC accomplishments, projects, revenues and expenditures, • Discussed and recommended PCDC goals and priorities, • Compared the existing budget (per the FY 2007108-201 1%12 Implementation Plan) to goals, • Reviewed criteria for strategically evaluating potential projects, • Estimated anticipated resources for the remainder of the Implementation Plan period, as shown inTable 3, and • Provided detailed funding recommendations, as shown in Table 2. Adopting this Midterm Review will officially amend the 2007 Implementation Plan to incorporate the revised funding priorities contained in Table 2. These revisions reflect the recognition that the more PCDC invests wisely now in tax increment-generating projects, the more resources it will have in the long run. Significant resources have thus been allocated for developmen[/redevelopment assistance and opportunity site development. City and PCDC goals, economic revitalization criteria, the opportunity to participate in strategic public private partnerships, and the Economic Development Strategy (anticipated in 2010) will guide the use of these funds. Petaluma Community Development Commission II-3 ~ SeiTel Consulting Inc. Implementation Plan Midterm Review September 2009 PCDC Resolution No. 2009-10 Page 5 Table 2 Revised Five-YearNon-Housing Redevelopment Program Expenditures, FY 2006107 - FY 2011112 Petaluma Community Developrrieht Commission Project Title Project Numbel" project Status Actual Expenditures, FY 2008/07 to FY 2008!09 Projected Expenditures, FY 2009M0 to FY 2011M2 Total Actual and Projected Expenditures, FY 2006!07 to FY 2011M2 PCDC CIP Sal /Benetit" 0200001 Completed $ 394,458 $ - $ 394,458 0arrlfield Extension and Railroad Crossing 01200104 Completed $ 1,506,000 $ - $ 1,506,000 North Water Street 0200105 Completed $ 30,020 $ $ 3Q020 Petaluma Boulevard -Bike Laztes 0200108 Completed $ 47,595 $ - $ 47,195 Petaluma Boulevard Street Impmvemenls 020030'1 ht Progress $ 1,317,000 $ 6,000 $ 1,323.000 Keller/Westetn Avenue to B Street Reconstmction 0200308 Completed $ 90,000 $ - $ 90,000 Water StreeUTurnBasin Improvments-Phase 1 0200403 Completed $ 762,000 $ - $ 762,000 River Trai] Design for'fop of Bank 0200503 Completed $ 1,95(1,0(10 $ $ 1.95G,000 D Street Bridge Replacement oY-Tnuution Bearings ('for brid a mtatirnr 0201204 Completed $ 292,000 $ - $ 292,000 Ely/Caulfield/Payran Street Reconstruction 0500206 Completed $ 2,682,000 $ - $ 2,632,000 Washington Street/6 th Street 0500207 Completed $ 987,000 $ - $ 987,000 Rainier Avenue Cross-ToKm Connector and Interehtutge 0501204 Crnnpleted $ 3,000.000 $ $ 3,000,000 Old Redwood Highway Interchange Widening 0501304 In Progress $ 1,000,000 $ 9;000,000 $ 10,000,000 Assessments P201O10 Ongoing $ 170,254 $ 104,746 $ 275,000 Laztdscape Imprvvemenls P201040 Completed $ 2,266 $ $ 2.266 Traffic Signal Upgrades P201150 Completed $ 98,959 $ $ 98,959 E. Was}ting[on Street hllerchange hnprovemerLLS P20P160 IrrProgrese $ 130,000 $ 3;870,000 $ 4.000,000 Subtotal $ 14,459,552 $ 12,980.'*46 $ 27;440;298 t 1sU2nd Street Warehouse 0200207 C~mtple[ed $ 553 $ - $ 553 DowntownimprovementsPhase II 0200603 Completed $ 109,500 $ - $ 109,500 CPSP'fheater Dis[flct/D Street Undeiground 0200703 Completed $ 3,615.559 $ - $ 3,615.859 Police Headquarters Renovatimvs/Relocation C30010G Ongoing $ 39,000 $ - $ 39,000 Relocation of Fire Station I 0300305 Ongoitg $ 594.000 $ $ 594,000 Subtotal $ 4,758,912 $ - $ 4,358;972 Downtowm ASSOCiati on P201020 Ongoing $ 157,667 $ 120,000 $ 271,667 Developmem/Rede veloprneru.Assislance` N/A Not S[aried $ - $ 14,000;000 $ 14.000,000 Subtotal $ 157,667 $ 14,12Q000 $ 14,277,667 Petaluma Community DevelopmeMCommission Implementation Plen Midterm Review Seifel Consulting Inc. September 2009 PCDC Resolution No. 2009-10 Page 6 Project Title Project Number' Project Status Actual Expenditures, FY 2006107 to FY 2008!08 Projected Expenditures, FY 2009110 to FY 2011f12 Total Actual and Projected Expenditures, FY 2008!07 to FY 2011112 Storefront Improvemetit Loan Program P201011 Completed $ 459,920 $ $ 459,920 Commurnty Facilities MiscellaneousProjecls 0100108 C nrtpleted $ 50,000 $ $ 50,000 Petaluma Railroad DepotRenova[ion 0200303 In Progress $ 353,000. $ 40.260 $ 393,260 URM Seismic Relrofit.Prograrn 8201070 In Progress $ 39,224 $ 110;776 $ 150,000 Railroad Depo[Lease P201T10 Ongoing $ 95,758 $ 104,242 $ 200,000 Fire Sprinkler Study&Progtam P201190 Completed $ 21,946 $ - $ 2L946 Subtotal $ 1,019;848. $ 255,278 $ 1,275,]26 Brownfields EPA Assessment Project P201140 in Progress $ 236,242 $ 163,753 $ 400,000 Dredging Pe[altmta River (Feb. 2007) F93306 Completed $ 400,000 $ - $ 400:000 Auto Center Drive Extension 053101002 Not S[aned $ - $ 1,346.000 $ 1,346,000 Oppommity Site Developm em N/A Not Staned $ - $ 14,057,596 $ 14,057,596 Subtotal $ 636;242 $ 15.567,354 $ 16,203,596 _r Eden Software NiA Ctmtpteted $ 56,000 $ $ 56,000 ADA Self E~alnation andTransi[ion Plan N/A Not Started $ - $ 25,000 $ 25,000 General Plan M002020 Completed $ 5.1,983 $ - $ 51,983 Tmffic'ErrguteedrtgServices P201180 Completed $ 9,899 $ - $ 9,899 Subtotal $ ]17,882 $ 25,000 $ 142,SSZ _fi, a. Project numbers starting willr C indicate a capital irnprovemenl, defused as the cost of pin~chasing or construc[ingimprovements. Includes design, project adntimstmlion, right of way acquisition, envtromneNal and physical mitigations and improvements. Project munbers starting with P indicate aerogram, defined as a group of related activities performed by one or more organizational units for the purpose of accomplisl¢rrg a City responsibility. b. Included in project costs. c. DevelopmenORedevelopment activities include, btu are not limited [o. 1. Attract new business and retain existing businesses. 2. Provide btsiness and developer incentives. Provide opponur¢ties for participation by owners and tenants inthe revitalization of thew properties. 3. Enhance accessibility to employrnerll, retail and entertainment opportunities. 4. If necessary, provide assistance [o theprivate sector to ensure development. d. See also "Circulation. Landscaping-and~Parking.Improvements" and"PUblicFacIlities and Infrastructure" projects tfiat catalyze private investment. Squrce: Petaluma Gommnr¢ty Developmem Cotmnission, City of Petaluma FY 2007/08 Budget; City of Petaluma Public Works Department; City of Petaluma Finance Department; Seifel Consulting Inc. Petaluma Community Development Commission Implementation Plan Midterm Review Seifel Consulting Inc. September 2009 PCDC Resolution No. 2009-10 Page 7 Estimated resources available to PCDC are summarized in Table 3. Table 3 Resources Available, FY 2009110 - FY 2011112 Petaluma Community Development Commission "Total Fund Balance (F?st. as of 6i3Q;0i)1* $ 23,4=18.000 Lund 5400 S 23.475,(100 Other Funds S (30.000) Additional rw-as- ou-r;o rcrcnuc*" S 7.500.000 Additional bondin~cartcit ~ $ 12.0(10,Q00 Estimated funds Available (FY 211f19/I Il to FY 2011112 $ 42,948,OOff "No 2008/09 FR.41' Shift nude. *'~$2.i million annually in tax increment for non-housing prgiccty during 21N)9!10-201 I %lZ. after debt obligations. pas, through payments and Ag,encg udminivh~ation. AI( li);ures rounded to 6te nc:u'cat I,D011. Source: Petaluma Cornnnutity Devclopnient C:oromission; Seigel C'i'>nsulring luc These funding estimates will be impacted by the following factors: • The State budget and uunlemental Educational Revenue Augmentation. Fund (SERAFl payments. The State budget passed in .Tuly 2009 appropriates $2.05 billion in redevelopment funds statewide, including roughly $5 million from PCDC in FY 2009%10 and $1 million in FY 2010/11. This appropriation will be challenged in Court. If it is upheld, PCDC will have to make the FY 2009/ 10 payment by May 10, 2010. Changes in Assessed Valuation. Tax increment revenues are based on changes in assessed valuation. According to the Sonoma County Auditor-Controller, FY 2009/10 assessed values appear to have increased slightly above previous year values. Given the current economic downturn and uncertain state of the market, assessed values. may decline in the coming years and reduce anticipated tax increment revenues. On the other hand, assessed value will increase as new development projects are completed. Current projections conservatively estimate no nesv development over the remainder of the five- year Implementation Plan period, Projects that go forward would increase fax increment revenues, potentially counteracting negative reassessments and raising overall revenues. • PCDC bonding capacity. Estimated funds to be raised toward [he end of the five-year Implementation Plan period include $12 million in bond proceeds.' Given projected revenues and debt service levels, PCDC appears to have the capacity to raise these funds. Flowever, the California budget, SL'RAF takes, and potential for Assessed Value fluctuations have introduced uncertainty regarding future revenues and, therefore, the 1 Bond proceeds estunated based on tax increment available for non-housing projects and activities in 201 ] /12, 6 percent interest, a 30 year term, and a 1.25 debt coverage ratio. Petaluma Community Development Commission II_g Seifel Consulting Inc. Implementation Plan Midterm.Review September 2009 PCDC Resolution No. 2009-10 Page 8 bonds backed by them. The [ax allocationbond market is also in a period of transition, thwarting reliable estimates of potential proceeds. As a result, bond proceeds may be lower or higher than cun•ently projected. If some of the anticipated revenues are not available, PCDC will be forced to cut back on non- housing projects and activities planned for the remainder of the Implementation Plan period. C. Conclusion PCDC has accomplished many significant non-housing projects and activities in the Project Areas over the initial two years of the Implementation Plan period. Many of the Implementation Plan projects and activities liave been accomplished or initiated. PCDC's activities represent an intentional strategy to-leverage PCDC's investment in the community that will, in tum, increase future tax incremenYrevenues for upcoming revitalization projects. Each of the projects and programs are meant to position PCDC to alleviate blight and realize many of the City's General Plan, Capital Improvement Program, and Specific. Plans goals and objectives. During the final three years of the Implementation Plan period, PCDC will continue to work towards the completion of projects and plan for the future. III. Housing Program This section of the Addendum reviews housing accomplislunents to date, charts PCDC progress in meeting its affordable housing obligations, and discusses plans for the remainder of the five- year Implementation Plan period. A. Accomplishments Over the initial two years of the Implementation Plan period, PCllC has undertaken many housing projects and activities focused on the provision of affordable housing. Housing projects completed by PCDC in the firsC two years of the Implementation Plan period include: • Assisting with the rehabilitation of 33 very low and 401ow income rental units at Corona Ranch Apartments; • Providing financing for the construction of 43 very low and 14 low income rental senior units at the Casa Grande Senior rlpattments project; and • Conunitting housing funds for the construction and rehabilitation of rental housing throughout the Merged Project Areas. B. Plans for the Remainder of the Five-Year Implementation Plan Period The housing component of the 2007 Implementation Plan sets forth specific goals and objectives for the Five-Year Implementation Plan period (F'Y 2007/08 through F'Y 2011/12); presents estimates of specific Housing Fund deposits, projects and expenditures planned for the ~.M..u ...~.. .. _.._.._...~ _.._m. __- _n~ .~_..-m._ ..~.. ._. .. Petaluma Community Development Commission III-7 Seifel Consulting Inc. Implementation Plan Midterm Review September 2009 PCDC Resolution No. 2009-10 Page 9 Implementation Plan period; explains how the stated goals, objectives, deposits, programs, projects and expenditures will produce affordable housing units to meet these obligations; and projects housing production over the life of the Plan. The goals, objectives, and programs contemplated in the 2007 Implementation Plan have not changed. For the purposes of this Midterm Review of the status and progress of PCDC's housing obligations, the following components have been reviewed: Housing Fund Revenues, Expenditures, and Targeting -Redevelopment agencies are required to deposit tax increment into the Housing Fund and expend tax increment revenue for the provision of affordable housing. Housing Production Plan - 1~~tinimum percentages of new or substantially rehabilitated housing units in a project area are to be made available at an affordable housing cost. Replacement Housing Plan -Agencies must replace housing units removed from the housing stock as a result of redevelopment activities. In addition, if a project area is within three years of reaching the time limit of plan effectiveness, PCDC must address CRL Tequiremen[s in the Midterm Review in regards to PCDC's ability to comply with its housing obligation. These requirements are not applicable to PCDC at this time, as neither Project Area will reach its time limit for plan effectiveness within three years.. Housing Fund Revenues, Expenditures and Targeting The CRL requires PCDC to set aside in a separate, segregated Low and Moderate-Income Housing Fund (Housing Fund) al least 20 percent of all tax increment revenue generated from its Project Areas for the purpose of increasing, improving and preserving the community's supply of low and moderate-income housing. Under the CRL, Housing Fund moneys must be targeted to specific income levels according to need and to non-age restricted housing. '17ie targeting obligations must be met over the period between January 1, 2002, and the compliance period ending in 2014. Income level and non-age restricted expenditure requirements set forth in the 2007 Implementation Plan remain unchanged as of this year. Please see the 2007 Implementation Ylan for a discussion of these requirements. As presented below. PCDC expenditures continue to exceed these requirements. Targeting to Income Level Table 4 summarizes the percentage of Housing Fund moneys spent on each of the targeted income levels, as defined by the CRL. PCDC expenditures are more'than adequate to satisfy the requirements of AB 637: PCDC anticipates meeting its income targetingrequirements based on its fair share of regional housing needs, as determined by A13AG in-the proportj~ns described in Table III-7 of the 2007 Implementation Plan, for the ten-year compliance period ending in 2014. __-.. ~.-___ . _. ~ __..__ . _-.__ m _-_._ _._ _ __ _____-__. _ _._ Petaluma.Communily Development Commission III-8 Seitel Consulting Inc. Implementation Plan Midterm Review September 2009 PCDC Resolution No. 2009-10 Page 10 Table 4 Housing Fund Expenditures Targeting by Income, 111l2002~/30/2009 Petaluma Community Development Commission Percent of [apenditurc futal Percentage weed be Incorne C:rou F,s renditures ° Gr• mndihtres Income L,evel~' Very Luw 59,707,000 [iR'%~ At Icast 42%. L.ow 14.542.000 3'?°~~ At Ic~a+i ?x~„. ~~Auicrute 5O 0'%. No more than .i09~~ "total $1.4,249,000 101)'% l00%n ~. t;xpendirinrs to date baled nn data available f'r6m the. Nctaluma Iliiusing t)epnrtment. b. 13ascd on At3AG 2egiaual llousing Nccds Allocation , 1999-200C,. Source: Association of 13ay Area fiovcrnmcnts, Petaluma Community Development Cimrmission. Targeting to Non-Age Restricted Housing In addition [o the requirement outlined above; as of January 1, 2002, a defined minimum percentage of Housing Fund moneys muss be spent on housing available to all persons regardless of age. In 2005, the State Legislature amended the method of determining the minimum percentage of Housing Fund moneys to he spent on non-age restricted housing. Tlris minimum is equal to the percentage of Petaluma's low-income households with a member under age 65, as reported in the most recent U.S. Census. As shown in "fable 1V-6 of the 2007Implementation Plan, the 2000 Census indicates that 56 percent of the City's low-income households have a householder under 65 years of age. Thus. PCDC must expend at minimum 56 percent of its funds on housing that does not impose age restrictions on residents. PCDC has expended. a total of approximately $7.3 million on non-age restricted housing and X6.9 million on age restricted housing since January 1, 2002, as shown in Table 5. While Housing Fund expenditures on non-age restricted housing do not meet the target percentages, PCDC plans to meet the required expenditure amounts for the current compliance period ending in 2014. Petaluma Community Development Commission III-9 Seitel Consulting Inc._ Implementation Plan Midterm Review September 2009 PCDC Resolution No: 2009-10 Page 1 1 Table 5 Housing Fund Expenditures Targeting by Income, 11112002-&13012009 Petaluma Community Development Commission Prrcent of"total A ~e Tar ~etin ~ >Js enditures" C± s enditures Tar yet Percents =c Non-Age Rcsti•ictcd Housing x7,137,0(10 > 1 °,/n .At least 1fi`% ~1ge fLcstricted Houtiing $(>,N12,000 a9"r~~ No more than 44% 'tot a I $f 4,249,(IOII I f10"/~ 100"/~ a. I:xpcndittrccs to date based un dau~ available from the I'ctalurna housing Dcparuncnt. Suw'cc: U.S. Cknsus t3ureau, C!.$_ hepartnwni al~ I lousing and Urban Development, 1'clalurna C'.'onunuuity~ Dcvclopmcnt Cbnvnissiotl. 2. Housing Production Plan The CRL requires redevelopment agencies to report on historical housingproduction and to adopt a plan for each projectarea showing how PCDC intends to meet i[s Housing Production Requirement ([he Housing Production Plan). For this ]vlidtean Review, PCDC's housing production is reported for the first rivo years of the Implementation Plan period, and is projected for the remaining three Yeats of the Implementation Plan period. PCDC has met, and expects to continue to meet, its housing production obligations. Please see the 2007 Implementation Plan for a more detailed explanation of CRL housing production requirements. Table 6 presents the status of PCDC's affordable housing production obligation through the first two years of the fve-year Implementation Plan period and projections for the remainder of the 10-year compliance period. Petaluma Community Development Commission III-10 Seifel Consulting Inc. Implementation Plan Midterm Review September 2009 PCDC Resolution No. 2009-10 Page 12 Table 6 Housing Production and Affordable Housing Obligation Petaluma Community Development Commission 'T'hrough PT 2003/04 FY 2111W/115 - FY 2008109 I+Y.2(1119/1(I - Fl' 2013/14 IrY 2014/15 - FY 2031-32 FY 2004105 - ~ FY _013/14" Total over Lil'e of Plnns" Percent Iiousing Production' New Uoits 890 340 130 354 970 2,214 Substantial Kehabilitation 30 5 5 5 10 3S 'total 91U 845 13S 359 9130 2,249 CRLARordable I-lousing Obligation° Ve Isow 55 51 R 22 59 135 b% V I,ow, Lnw or nitnderate 1.37 127 20 53 147 337 U%. .4tTordable Housing Production` ~~ Very Low 471 77 134 27 211 709 V~v Low,.Low or'"odcrate 9l2 173 201 43 374 I.~"= Affordahle Production Surplus (Deficit Very Low 416 20 12C, 5 152 574 - ' Very Low, Low or Modetate 770 46 181 t t) 227 992 n. Aa required by CRL, tow wdtn ova rn, year cun:pfl,naro period{s~tion 3w9a(nX2)(ap, b. As ruyuired try the CRL, Wtal mils over Wu life ol'O,e Rcdevolopn,ent Plwts (Svcti.m 7?4N0(x)(2x8)). c. Total wins produced m the PngecL4nw during Iho:~peufial thne ~nud. d. Nuniher of a-'nrdable uni is requirod bn~ud on wins pnaluced. AOi~ntable huusiug production ohhg:nion fJr non-Agrncy developed housin¢ reyuires I S% nfmtal units ro Ix awilnhle at affnrclahle cna. Of Those units, al Ieagl JOWo m,sst he afLxdnble Io very low ina,me housuholAs (6^/0 of the Intel ,wits) Agenry developed how-ing has higher inchuinnary regniremems, The.4gcmcy ha: not and does rim anticipate, diretlly developing units. e. Number ollwts satisfying CRL.aftbrdable housing production obhgaticm. Attbrdable units produced outside Pmject Areas counted on a one f r two Iasi s. f Remaining off rdable surplus nr otiligation atthe end of the period. Note: Percentages may rim add exaNy due to rotmding. CRL a17 rdable hmtaing produMibn requirements ere rnundednp to the nearest wMle unit. Srnuce: Pewmna Conununity Uevelopm ant Commission, Seifcl WnsWling Inc. Petaluma Community Devebpment Commisson Seifel Consulting, Inc. Implementation Plen Midterm Review September 2009 PCDC Resolution No. 2009-10 Page 13 3. Replacement Housing Plan Historically, PCDC has not destroyed or removed any residential units, nor does they Agency plan to do so over the remainder of the implementation plan period. However, in the event that PCDC were to undertake projects that could result in the displacement of households in the next ten years, PCDC would replace all units and follow all state requitemehts for replacement housing and relocation. C. Conclusion PCDC has been working diligently towards ac}ueving its housing goals for the five-year Implementation Plan period. Much has been accomplished in the first. two Vears and exciting projects are underway for the remaining three years. Petaluma Community Development Commission III-12 Implementation Plan Midterm Review Seifel Consulting Inc. September 2009 PCDC Resolution No. 2009-10 Page 14