HomeMy WebLinkAboutPCDC Resolution 96-14 07/01/1996~~.
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PETALUMA COMMUNITY DEVELOPMENT COMMISSION
RESOLUTION NO. 96-14
RESOLUTION APPROVING TEMPORARY FY 1996-97 BUDGET
FOR CONTINUING PROJECTS
WHEREAS, the Commission has reviewed the new and continuing housing
projects, and
WHEREAS, the Commission has not reviewed the entire FY 96-97 PCDC budget
for continuing and new projects; and
WHEREAS, there are various obligations for the continuing projects that require
authority to expend Commission funds; and
WHEREAS, the estimated FY 96-97 revenues and beginning fund balances are
available and sufficient for funding the continuing projects;
NOW, THEREFORE BE IT RESOLVED that the Petaluma Community
Development Commission hereby adopts the approves a temporary FY 1996-97 budget for the
housing projects and other contmumg projects as shown on Exhibit A attached hereto.
Adopted this 1st day of July, 1996 by the following vote:
Commissioner Aye
No
Absent
Hamilton X
Maguire X
Read
Shea
Stompe X
Vice Chair Barlas X
Chairman Hilligoss X
~.
M. Pat icia Hilligoss, Chairman ,
ATTEST:
. .Bernard, Recording Secretary
/agenda/pcdc/pcdctemp
Reso. 96-14
X
X
EXI-IIBIT A
Petaluma Community Development Commission ~ FY 96-97 Continuing;Projects Budget,
CENTRAL BUSINESS DISTRICT".PROJECT AREA
SOURCES AND USES
FY 96-97
CON"1'INLJING PROJECTS
.BUDGET
BEGINNING RESERVES FOR PROJECTS
BEGINNING FUNDS AVAILABLE
REVENUES
PROPERTY TAX INCREMENT
INTEREST F..ARNINGS
PARKING LOT .REVENUES
MISCELLANEOUS REVENUE
TOTAI,REVENUES
TOTAL SOURCES OF FUNDS
USES
PROJECTS.
8505 PROJECT ADMINISTR,4TION
85ID CBD LOANS & ASSESSMENTS
8511 PARKING GARAGE/LOT MAIN'I'
8512. URM PROJECT
8515 MAIN STREET IMPROVEMENTS
85:16 DOW. NTOWN RESTROOMS
817 DOWNTOWN BUSINESS.GROUP
9725 UNDERGROUND TANK MONITOR
9891 TELEPHONE ALLEY IIvIPROVMENTS
TOTAL EXPENIDITURES
TRANSFERS OUT TO L/M IIOiJSING FUND
TRANSFERS OUT TO DEBT SERVICE"
TOTAL USES
ENDING FUNDS AVAILABLE
34,920
1:60,129
419,050
10,000
2,000
1,000
432,050
627,099
15,000
50,000
11,000
56,000
5,000
4,000
18,000
3,000
25,000
l87
83,800
130,000
400;80Q
226,299
Petaluma-Community Development l:,ommission FY. 96-97 Continuing Projects:Budget.
COMIVI'UNITY DEVE~:OPMENT`PR®.~ECT AREA.
SOURCES AND USES
FY 96-97
CON'I'INIJING PROJECTS
BUDGET
BEGINNING RESERVES FOR PROJECTS 1;636;000
BEGINNING FiJNDS AVAII..ABLE 2,294,438
REVENUES
PROPERTY TAX INCREMENT 3,646,400
INTEREST EARNINGS 200,000
MISCELLANEQUS.RE~IENUE 3 ~ 1-,000
TOTAL REVENUES 4,197,400
BONDlLOAN PROCEEDS 0
TOTAL SOURCES OF FUNDS 8;127;838
USES
PROJECTS
5119 ECONOMIC DEVELOPMENT PROMOTION 5,000
8505 PROJECT ADMIl~IISTR~TION 65,000
8507 PASS"IT-TROUGH PAYMENTS'TO OTHERS 1,225,000
:851'2 URM PROJECT 50,000
8514 PCDP LOANS & ASSESSMNENTS 19,000
85;18 LAND USE STUDY--NO. IvICDOWELL/ORH 25,000
8519 CORONA REACH SPECIFIC-PLAN 250,000
9528 FREEWAY OVERCRUSSING/IN`T'ERCHANGE 650,000
9724 FLOOD CONTROI: IMPRQVEMEN'T PROJECTS 2,519;900
9845. LAKEVII,LE HIGHWAY IMPROVEMENTS 1,418,900
TOTAL EXPENllI'LIJRES 6,227,800:
TRANSFERS TO L/M HO1SINC'n FUND 729;400.
TRANSFERS OUT TO DE$T`SERVICE 970,600
TRANSFERS OUT/OTHER USES 200,000;
TOTAL USES 8,127;800
ENDING-FUNDS AVAILABLE 38
Petaluma Community Development Commission FY 96=97 Continuing Projects Budget.
LOW ANID,IVIODEY~ITE INCOIV~ HOUSING FUNNID
SOiJRCES AND.USES
FY 96-97
CONTINUING PROJECTS
BUDGET
BEGINNING RESERVES.FOR PROJECTS 5,700
BEGIlVNING FUNDS. AVAILABLE 1,934,006
REVENUES
INVESTMENT INTEREST 30,000
IVIOBII;EHOME RENT CONTROL ADMII~l 3,700
OTHER.REVENUE L1,200
TOTAL REVENUES 44,900
TRANSFERS IN
FROMPCDC PROJECT AREAS 813,200
FROM CITY HOUSING IN-LIEU FUND 400,000
TOTAL TRANSFERS IN 1,213,200.
TOTAL SOURCES OF FUNDS 3,197,806
USES
PROJECTS
5401 HOUSING PROGRAM AllMIN 125,550
54:12 RENTAL ASSIST. POOL (PPSC). 2,500
54:17 SINGLES SHELTER PROD (DOTS) 50,000
5425 MEDIATION.ASSISTANCE POOL (PPSC) 60,000
5431 VALLEJO STREET PBASE II 532,900
5432 ZELL PARCEL:ACQUISTTION,(BH) 8.1,000
5436 FAMILY SHELTER PROGRpcIVI/IvIAIN"T (COTS) 160,000
5437 MORTGAGE CREDIT CERTIFICATE 2,500
5438 URM L/M' INC; HOUSING REFIAB 160,000
5440 FACILITY MFINTENANCE 45;000
-5443 SITE ACQUISTI'ION 320,000.
5444 MOBILE HOME RENT'CONTROL 4,000
5450 SALISI4AN APARTMENTS 61,650
5452 INEILL:& MIXED USE $ET.ASIDE 500,000
5456 OPPORTUNITY CENTER SET ASIDE 122,250
:5457 ARMORY FACILITY SET ASIDE 250,000
5458 I-10,T'EL:PETALUNIA 600,000
5460 ''CHLZISTNIAS IN JULY" HOUSING REI4AB 35,000
8550 L & M,L(JANS/ASSESSMENTS 29,400
TOTAL EXPENDITURES 3,141,750
ENDING FUNDS.AV/-1ILABLE 56,056
RESERVED-FUNDS
MOBILE HOME RENT CONTROL 5,400
UNRESERVED FUNDS AVAILABLE 50,656
'Petaluma Community Development Commission FY 96-97 Continuing Projects Budget
DEBT SERVICE FUNDS
SOURCES AND USES
FY 96-97
CONTIlVUING PROJECTS
BUDGET
BEGINNING DEBT SERVICE RESERVE' 778,974
REVENUES
INTEREST EARNINGS.
MISCELLANEOUS' REVENUE
TOTAL REVENUES
TRANSFERS IN
TOTAL SOURCES OF FUNDS
USES
36,000
0
36,000
520,600
1,335,574
'8608 I992A TAX ALLOCATION:BONDS
8622 1984 TAX ALLOCATION BONDS
TOTAL EXPENDITURES
TRANSFERS OUT/OTHER USES
TOTAL USES
ENDING FUNDS AVAILABLE
RESERVED FUNDS
FOR 1984 BONDS
FOR'1'992 BONDS
FUND BALANCE AVAILABLE
421,250
135,400
556,650
0
556,650
778,924
178,400
600,500
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