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Home My WebLink AboutAgenda Bill 2.A 04/19/2004• a A P CITY OF PETALUMA, CALIFORNIA Petaluma Community Development Commission AGENDA -BILL' Agenda Title: Meeting Dat e: April 19, 2004 Discussion and Action, Concerning a Mid-Term Review of the "Five-Year Implementation Plan" and Related PCDC Goals, Meeting Time: X 3:00 PM Programs, Projects and Estimated Expenditures ❑ 1 7:00 PM CateLyory (check, one): ❑ Consent Calendar Z Public Hearing ❑ New Business Department: Director: Contact Person, Phone Number: ED& Redevelo pment -Paul Marangella Paul Marangella 778*-4581 Cost of Proposal: $117.Wilfiom(kevised Forecast) Account Numbers: Various Name of Funds: Amount Budgeted: $74.6 Million (Original Forecast) P Funds 3300, 5510, 3400, 5520,2130,4510,4610,4620,4630, 4650 Attachments- to Agenda Packet Item: 1. Resolution Accepting the Mid-Tenn Review of the PCDC "Five-Year Implementation Plan" 2. Mid-Term Review of the " Five -Year Implementation Plan" Summary Statement: State Law requires that each agency.'adopt a five-year Implementation Plan, which provides documentation for the link between the efirhinatioft.of Blight and the proposed actions of the redevelopment agency. The Law requires each redevelopment - agency to adopt, after a public ,hearing an Implementation Plan on or before December 3 1, 1994. Thereafter-, this' Implementation Plan s hall be revised and adopted every five years.* In addition, at least once during the five-year period, a public hearing on the Implementation Plan is required to be held. In accordance with Section 33490 of the California Communit y Redevelopment Law (CRL the Petaluma Community Development Commission (PCDC) adopted a Five-Year Implementation Plan for the Central Business District Project Area (CBD), the Petaluma Community Development Project Area (PCD) and the Low & Moderate Income Housing i Fund on April 16, 2001. The purpose of the Implementation Plan was to set forth the specific goals, programs or projects, and estimated expenditures for the Redevelopment Project Areas and Housing Fund for the five-year period from fiscal year 2004-02 through fiscal year 2006-07. Therefore,. the- purpose of this agenda item is to hold, a public. hearing on the PCDC "Five-Year Implementation Plah drid related goals, programs, projects and estimated expenditures to evaluate the progress to date. Recommended City .Council' Action/SuL-t!ested.Motion: Adopt the attached resolution C cppting the Mid -Tenn Review ofthe PCDC "Five-Year Implementation Plan" and related adjustments. A A Reviewed by Finance Director: Reviewed by City Attorney: Date: Appro City Mana2er: Date: ]Date• Today's Date:. Revision # and Date Revised: File Co e: # April - 1,, ` 20,04 AgendaBflf5Yearlmplementation Plan0419041 Page I CITY OF.P.ETALUMA9 CALIFORNIA Petaluma Community Development Commissi ®n April 19, 2004 AGENDA REPORT FOR DISCUSSION AND ACTION CONCERNING A MID =TERM REVIEW OF THE "FIVE -YEAR - IMPLEMENTATION' PLAN" AND RELATED PCDC GOALS, PROGRAMS,: PROJECTS AND ESTIMATED EXPENDITURES EXECUTIVE SUMMARY State Law requires that each ,agency adopt a five-year Implementation Plan, which provides documentation for the link between the elimination of blight and the .proposed actions of the redevelopment agency. The Law .requires each redevelopment agency to adopt, after a public hearing, an Implementation Plan on or before December 31 1994. Thereafter-, this Implementation Plan shall be revised and adopted every five; years. In addition, at least once during the five -year period, a public hearing on the Implementation. Plan. is required to be held. In accordance with Section 33490 of the California ' Community Redevelopment Law (CRL), the Petaluma Community Development Commission (PCD(),adopted a Five -Year Implementation Plan for the Central Business. District Project Area. (CBD), the Petaluma, Community Development Project Area • (PCD) and the Low & Moderate Income Housing Fund on April. 16, 2001. The purpose of the Implementation Plan was, to set forth the specific goals, programs or projects, and estimated expenditures for the Redevelopment .Proiect Areas and Housing Fund for the five -year period from fiscal year 2001 -02 through fiscal year 2006-07. Therefore, the purpose of this agenda item is to hold a public_ hearing on the PCDC "Five -Year Implementation Plan" and related goals, programs, projects and estimated expenditures to evaluate the progress to date. 2. BACKGROUND The Petaluma Community Development Commission (PCDC) was activated on December 1, 1975 by the City of Petaluma Ordinance No 1201 N.C.S. The Commission exercises all. of the powers authorized under the. Constitution and Health and Safety Code of the rState of California (Section 33000, et seg.). These powers include, but are not limited to the authority to acquire, administer, develop, lease or sell bonds or other forms of taxable or non- taxable securities. All powers of the PCDC are vested in its seven members, which under the provisions of the ordinance are the members of the City Council. The Mayor serves as the Chair and the Vice Mayor as Vice Chair. Staffing of the PCDC is, provided by members of the City staff. The administers two project areas within the City of Petaluma: • _Central Business District Project Area, and • Petaluma Community Development Project Area. Page 2 State Law (CRL) requires the Commission to set aside in a separate segregated Low and Moderate project areas for the, u pose increasin improving and reservin the co i revenue generated from it�. Income Housing Fund. (the Housing Fund) 20 percent.of p g, p g preserving community's supply of low and moderate income housing. Both project areas deposit 20 percent of their tax increment revenue to the Housing Set -Aside Fund. _ According to Health & Safety Code Section 33490(a) the Implementation Plan must describe specific goals, and objectives for the project,areas, the specific: programs, ,including potential projects to be carried out in the project areas, the estimated expenditures to be made during the period covered by the. plan and an explanation of how the goals objectives programs, and expenditures will assist in the alleviation of blight. The Implementation Plan must also describe how the agency will implement its obligations to replace; increase, improve, preserve and maintain low and moderate - income housing. Attached for your. review is the Mid -Term Review of the " Five -Year Implementation Plan." The review outlines the priorities' for PCDC expenditures and preserits financial data on "the status of the proposed expenditures. Several amendments are included in order to bring the plan current. 3. ALTERNATIVES . None are provided under State Law 4.. FINANCIAL. IMPACTS Original 5 -Year- Forecast of.Expenditures: $ 74.6 Million Current 5 -Year Forecast of Expenditures: $117.8 Million Difference in Forecasts: +$ 43.2 Million ( +58 %) 5. CONCLUSION State Law requires the PCDC to perform a Mid -Term Review of the "Five -Year Implementation Plan." The PCDC will hold a duly noticed public - hearing,'to consider `testimony and review the "Five -Year . Implementation Plan" and related goals, programs, projects and estimated expenditures to evaluate the progress to date. 6. OUTCOMES.OR PERFORMANCE MEASUREMENTS'THAT WILL IDENTIFY SUCCESS OR COMPLETION The, PCDC will complete its Mid -Term Review of the PCDC "Five -Year. Implementation Plai as required under State Law. 7. RECOMMENDATION Adopt the'attached.resolution accepting the Mid -Term Review of the PCDC "Five -Year Implementation Plan and.related:adjustments. Page 3' Attachment I [►a • 11a ; �r -r Petaluma Community Development, Commission Accepting the laid -'Term Review of the PCDC "Five -Year Implementation Plan" Page 4 RESOLUTION # PETALUMA COMMUNITY DEVELOPMENT COMMISSION ACCEPTING THE MID -TERM REVIEW OF THE PCDC "FIVE-YEAR IMPLEMENTATION PLAN" WHEREAS, the Petaluma Community Development Commission (PCDC) was activated on December 1, 1.975 'by the City of Petaluma Ordinance No 1201 N.C.S.; and WHEREAS, The PCDC administers two redevelopment project areas within the City of Petaluma: • The Central Business; District Project Area; and • The Petaluma Community Development Project Area; and WHEREAS, State :Law requires that each agency adopt a five -year 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' adopted a Five -Year Implementation Plan for the Central Business District Project Area (CBD), the Petaluma Community Development Project Area (PCD and. the Low ,& Moderate Income Housing Fund on April 16, 2001; and WHEREAS; State Law requires every redevelopment agency, at least once within the five -year term of the Implementation Plan, to 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 within the jurisdiction and evaluating progress of the redevelopment project; and WHEREAS: the; PCDC has'held a duly noticed public hearing to review the "Five -Year Implementation Plan." NOW, 'THEREFORE, BE IT RESOLVED that the Petaluma Community Development Commission hereby accepts the Mid -Term Review of the PCDC "Five - Year .Implementation Plan, "' and related adjustments attached hereto as Exhibit A and referred l as Attachment II in the staff report. Adopted this .19th day of April, 2004 by the following vote: 'Page 5 Commissioner Aye No Absent Glass Harris Healy Moynihan O'Brien Thompson Torliatt David Glass, Chairperson ATTEST: Recording Secretary • 0.- Page 6 Attachment 11 Mld-Term Review of the PCDC IlFive-Y- ear lmplem�ntatiou,, Plan" • Page 7 PEI'AL,UMA COMMUNITY DEVELOPMENT COMMISSION MID=TERM REVIEW OF THE PCDC "FIVE -YEAR IMPLEMENTATION PLAN" .(FY 2001 -02 through FY 2006 -07) April 19, 2004 1 PETALUMA COMMUNITY DEVELOPMENT COMMISSION MID-TERM i2EVIEWOF THE PCDC "FIVE-YEAR IMPLEMENTATION PLAN" FOR THE CENTRAL BUSINESS DISTRICT (CBD) PROJECT AREA ANDPETALUMA COMMUNI-TY DEVELOPMENT (PCD) PROJECT AREA A. Introduction In accordance with Section 33490 of the California Community Redevelopment Law (CRL), the Petaluma Community Development 'Commission (PCDC) adopted 'a Five - Year Implementation Plan for the Central Business District (CBD) and Petaluma Community Development, (PCD) Project Areas (Implementation Plan) on April 16, 2001. The purpose of 'the Iiriplementation Plan was to set forth the specific goals, programs or projects, and estimated expenditures for the CBD and PCD Project Areas for the five - year period from fiscal year 2001 -02 through fiscal year 2006 -07. Section 33490 also states that: "...every agency, at least once within the five year _term of the (implementation) plan, (the agency) shall conduct q public hearing and hear testimony of all interested partiesfo"r the purpose of reviewing the redevelopment plan and the. corresponding implementation plan for each redevelopment project within the jurisdiction and evaluating progress of the � redevelopment project. " The CRL requires that the hearing take place no earlier than. two years and no later than three years after the adoption of the implementation plan. The purpose of this report is to provide asreview of the current, status of the goals, programs, and projects and estimated expenditures set forth in the Implementation Plan in order to evaluate the progress to date. B. Background of Project Areas The PCDC administers two redevelopment project areas asi follows: L Central $usiness'District Project Area The Central Business District Project Area (the "CBD" project) was established in September 1976 (Ordinance No. 1221 N.C.S.). The CBD District Project Area originally consisted of approximately 98 .acres and encompasses the majority of the historic .downtown core from D. Street to Washington Street and from Lakeville Street to Liberty and 5 Streets. The area is bisected by the Petaluma River and by Petaluma,Boulevard. The Petaluma River" Turning Basin is the most prominent geographic 'feature. 2 The original project area contains an impressive collection of turn =of the- century commercial buildings devoted primarily to retail and office uses. Approximately ,seventy of these buildings are listed as in need of seismic "strengthening-. There is relatively little vacant property in the project area, however, considerable under utilized land in the vicinity of the railroad depot has potential for significant development. In Aug_ ust 2003, .the. !PCDC approved the creation, of a Theater District, including a large ,mixed -use project. The project area's economic activity focuses on its, retail, restaurant, and visitor serving uses, but includes two contemporary neighborhood shopping centers. In 2001, through a Plan Amendment, the PCDC added 127 acres to the project area The western portion :of the Added Area is generally bounded by Union Street, Western Avenue, Howard Street and Liberty Street. The eastern portion. of. the added area' is generally bounded by]) Street,. McNear Avenue, the Northwest Pacific Railroad and Petaluma Boulevard.. The total area of the expanded project area is 2 acres. Sum mary of CBD Redevelopment Plan Limits Back round Information P1an.Limts Acres 225 Date of Original Plan Adoption •9/27/1976 - Ordinance 1221 Plan Amendments 11/21/1994 - Ordinance 1`973 7/21/1999 - Ordinance 2092 6/18/2001 - Ordinance 2116 Base Year 1976 -77 (Added Area 2000 -0i) Base�Assessed Value Existing Area: $18,832,170, Added Area: $48,701,865 Time Limits Under At 1296 Incurring.Debt Existing Area: 2011 Added Area: 2021 Termination Date for Use of Eminent.;Domain on Non- Residential Properties 2012 . Plan Effectiveness (Project Activities) Existing Area: 2016 Added Area: 203,1 Tax Increment Collection/. Repayment; of Debt Existing Area: 2026 Added Area: 2046 Financial Limits' ' Tax Increment; Cap No Limit Bond.Principal Indebtedness Limit $'5000,000 2. Petaluma Community Development Project Area Established in July 1988 through the adoption of Ordinance No. 1725 N.C.S., the Petaluma Community Development Project Area includes approximately 2,265 acres generally along both , sides of U.S. Highway 141 from Old .Redwood Highway to Washington Street, the Southwest side of U.S Highway 101 from Washington Street to Lakeville Street, and both sides of'U.S. Highway 101 from Lakeville .Street to Petaluma Boulevard South and East of U.S. Highway 101 to the "Haystack Landing" area. The Proj ect. Area also includes approximately five miles of the Petaluma River and Willow .Brook Creek of which, a majority parallels U.S. Highway 104. Portions of major traffic. arteries including Petaluma Boulevard ,North. and South, North McDowell, Old Redwood Highway, East Washington Street 'Lakeville Street and Lakeville Highway are also situated in the Project Area. Also included in thef Project Area are, several major business parks and industrial uses as well as five :major retail centers: Washington Square, "Petaluma Plaza North and South, the Petaluma- Premium Factory. Outlets, and the Petaluma Auto Plaza. The area includes many public, and institutional uses. There is a significant amount of vacant and/or underutilized land within the Project Area that provides development potential. Suiiim of PCD Redevelopment Plan Limits 1 Back round,Information _ Plani Limits Acres 2, 740 Date o£ Original Plan Adoption 7/18/1988 — Ordinance 1725 Plan Amendments 11/21/1994 _ Ordinance 1972 4/3/200.0 - Ordinance Base Year 1987_ -88 Base Assessed Value $33:1;539,332 Time Limits Under.,A>B 1290 Incurring Debt August 17, 2008 Termination Date for Use of Eminent Domain on, Non- Residential Properties No Longer. Applicable After 7/18/2000 Plan Effectiveness (Proj ect'Activites) July 18; 2028 Tax 'Increment Collection% Repayment ofDebt July 18, 2038 Financial Limits, Tax Increment Cap, $800,000,000 Bond Principal Indebtedness Limit $ 80,000,000 0 C. Blighting Conditions The tphysibal and economic blighting conditions, as defined under the CRL, in the CBD and PCD Project Areas documented at the tinieof each Plan adoption included: unfit and unsafe, buildings, adjacent incompatible uses, lots of irregular form and shape, depreciated. values and impaired investments and inadequate public improvements, including utilities, circulation and public facilities. D. Goals and Objectives of the Project Area Redevelopment Plans 1., CBD Redevelopment Plan: Project Area Goals & Objectives • Eliminate, adverse. physical and economic conditions in the 'Existing and Added Areas. • Provide an environment conducive to social and economic growth. • Implement the Ceniral Petaluma Specific Plan. ® Promote economic vitality in Petalurna's Central Business District; by attracting new jobs that will employ Petalumans encouraging new development and mixed, uses,, and enhancing the downtown. • Encourage development, public access and recreational opportunities along the river, and help to integrate the river orientation by. rehabilitating older. shopping centers. • Provide a mixturel of industrial, office, retail and compatible residential �. development. • Provide sufficient parking to serve new businesses and residents while supporting the use of alternative modes of transportation and facilities prirriarily for pedestrian uses. • Construct and repair public infrastructure, including streets, sidewalks, curbs and gutters, and water and aewensystems. • : Reinforce the role of the Central 'Business District as .the `center for transit and non - vehicular modes of travel. • Provide a street system in undeveloped ,areas that strengthens the existing roadway network, serves new development, and balances the need for through movement'with livability and pedestrian/bicycle orientation. • Enhance streetscape improvements, including street trees; landscaping, sidewalks, and strengthen linkages to and along the river through a system of urban open spaces. . 1k Ensure a choice of housing types and locations to all persons regardless, of income, sex, cultural origin, marital status or physical disabilities. 2. PCD Redevelopment Plan: Pr oject Area Goals & Obiectives Eliminate the conditions of blight existing in the area included within the redevelopment project area boundaries of the Project Area.,. • Ensure to the greatest " possible extent that the causes of blighting conditions in the areas included with the Project Area will be either eliminated or protected against. 5 ® Provide ,participation opportunities for owner And business 'tenants in the area& included in the Troj'pet Area to the overall redevelopment objectives of the Redevelopment Plan. ® Encourage and ensure the redevelopment of the areas in the Project Area. ® Encourage and foster the economic revitalization of the areas included in the Project Area. ® Finance and construct the public improvements described in the Redevelopment Plan. e Implement the goals and objectives of the General 'Plan of the City of Petaluma. E. Summary of "Five -Year Implementation Plan" Goals and Objectives The Petaluma Community Development Commission's goals and objectives for redevelopment of the Project Areas over the five years covered by this Implementation Plan are as follows: 1. The elimination of blighting influences and correction of environmental deficiencies in the Project Areas, in particular structural deterioration, underutilized commercial land, unmanageable parcelization patterns, and inadequate and deteriorated public improvements and facilities including curbs, gutters, ,paving,. sidewalks, drainage lighting and landscaping. 2. Improved pedestrian, bicycle, and. vehicular circulation in the Project Areas; 3. The provision of an environment conducive to social and economic growth; and. 4. The expansion and /or improvement. of the community's supply of housing for low and moderate-income persons. F. Summary -of 'PCDC Activities and Resources This section will summarize the planned and actual activities of the Petaluma Community Development. Commission over the first three years of the five -year planning period. The actual expenditures and projected estimates, and the actual revenues and' projections at the end of FY 2003 -04 are included in Exhibit 1. 0, PCD Redeveloument Project Area I. Capital Improvement Projects (CIP) a.. Street Reconstruction, Traffic Circulation & Parking Improvements: $5.460 Million Project Description; The project will widen intersections and bridges, reconstruct roads and make parking improvements, increasing the safety and capacity of intersections, improving vehicular, pedestrian, and bicycle' circulation in the Project Area. Status of Expenditure Plan: Original 5-Year Budget Expenditures To Date; Unexpended Balance Revised 5 -Year Budget $11,300;000 $1,300,000 $10;000,000 $5 ; 460,000 Project Status: Approximately $5.5 million in road improvements are planned annually over the next three years. after which ,all streets in the PCD project area will.have, a Pavement Condition Index of 70 or better. Large street improvement expenditures are also planned in the CBD Project Area. b. "Mainstreet" Improvements: $4.303 Million Project Description: The, proj ect will address the :impacts on public infrastructure impacted by the implementation of the following future development: • Central Petaluma Specific Plan, • The Hub/Fairgrounds • Bicycle Plan, and • Related Transportation Improvements. The project will make infrastructure :improvements, inside the project area to eliminate deteriorated public 'improvements and facilities including curbs; gutters, paving, sidewalks, drainage, lighting and landscaping. Status of Expenditure Plan: Original. — 5-Year Budget Expenditures To Date Unexpended Balance Revised 5 -Year Bud` et $9,00.0.,000 $50,000 $8,950,000 $4,3;03,000 7 Project Status: Focus, of Mainstreet -type improvements has been on be Downtown Central Business District. Recommend reducing proposed expenditures to -$4.3 million with the primary emphasis on the implementation of improvements to Lakeville Highway and related underground utility engineering studies. c. River Enhancement Plan Improvements: $2.355 Million Project Description: Pedestrian/Bicycle trails along the Petaluma River will provide residents and visitors easy access to downtown shopping and social - activities, creating an environment conducive to social and economic growth. The project includes construction of a paved. „path along the river from the Lynch Creek to the East Washngton'Bridge. Status, of Expenditure Plan: Project Status: Additional funding has been budgeted for the construction of a pedestrian/bike path along; the river. The current budget is approximately $2.355 million. Engineering design for the entire corridor is complete. The . first phase of construction from Washington ,Creek to Edith Street is planned to begin in June 2004. The second phase of construction from Edith Street to Washington Street is planned for construction in 2005. The project has grown to include streetscape improvements on Poultry Street to coincide with and take advantage of private development occurring in the area. d. Gateway Capital Improvements: $1.3`16 Million Project Description: The project will .beautify various gateway entrances to the City through a combination of landscape and hardscape; capital .improvements, as cited in the General Plan in order to provide an environment conducive to social and economic growth. Status of Expenditure Plan: Original 5 -Year Budget Original 5- Year-Bud et Expenditures To Date Unexpended )Balance Revised 5 -Year Budget $1,500,000 $149,536 $3,350,464 $2,355,000 Project Status: Additional funding has been budgeted for the construction of a pedestrian/bike path along; the river. The current budget is approximately $2.355 million. Engineering design for the entire corridor is complete. The . first phase of construction from Washington ,Creek to Edith Street is planned to begin in June 2004. The second phase of construction from Edith Street to Washington Street is planned for construction in 2005. The project has grown to include streetscape improvements on Poultry Street to coincide with and take advantage of private development occurring in the area. d. Gateway Capital Improvements: $1.3`16 Million Project Description: The project will .beautify various gateway entrances to the City through a combination of landscape and hardscape; capital .improvements, as cited in the General Plan in order to provide an environment conducive to social and economic growth. Status of Expenditure Plan: Original 5 -Year Budget Expenditures To Date Unexpended Balance Revised 5 -Year Bud et $1,000,000 sp $1,000,000 $1,316,000 Project Status: Engineering and landscape design for gateway improvements is currently, underway for the southern gateway by the old,Rinehart's truck` stop. The first phase of construction is scheduled for June 2004 with 'tree planting. A second phase of the south gateway improvements will occur in August /September 2004_. Landscape design is_ also underway for the Northern Gateway at the intersection of Stony Point and Petaluma Blvd., for construction in 2005. e. Turning Basin Dredging- $ 0.300.Million Project .Description: The project will dredge the turning basin in between the years when the US Army Corps of Engineers dredges the turning basin downtown and the Petaluma. River. Without.the support of the Agency, the turning basin would reduce the viability of river - related industry and tourisin%boating. Status.of'Expenditure Plan; Original 5 -Year Budget Expenditures To Date Unexpended Balance Revised 5- YearBu_ d et $200,000 $54,000 $146,000 $3:00,000 Project Status: Funds were obtained from the Federal Government for the dredging of the Turning Basin. Therefore, no PCDC expenditures were required for`.this purpose. It is recommended that funding be transferred to Marina Fund for Dredging Improvements where $246,000 is to be expended from PCDC funding in FY 2003- 04. 11. Redevelopment ' f. Unreinforced Masonry Program: $0.005 Million Project Description: � The project will restore many of Petaluma's unreinforced masonry buildings thereby preserving'the stock of older buildings which gives the, City its unique character. The . project corrects structural. deficiencies in aging buildings thereby eliminating blighting influences. Status of Expenditure Plan: Original 5-Year Budget Expenditures To pate Unexpended. Balance Revised 5 -Year Budget $330,000 $110 $329,890', $5 I P.ro'ect Status: Reduce project budget to $5 000 to account for fewer J, P j. g , than antic' ipated seismic retrofits in.the project area: g. 'Tree Planting & Establishment: $0.397 Project Description: The project will involve the planting of street trees within the PCD Project Area, 'providing an environment conducive to social and economic growth. . Status of Expenditure Plan Original 5 -year ud B et Expenditures T_ o Date Unexpended Balance' Revised 5 -Year Bud et $350,000 $157;201 $192,799. $397,000 Project Status: On Track — Includes initial three -year period of establishment /watering. h. Economic Development Promotion :, $1.012 Million Project Description: The project will promote tourism to the City by supporting the- Petaluma Visitor's Bureau marketing efforts -- $1.8 million; establishing a business attraction & retention program by providing economic data and related information to the business community -- $600,000; and completing studies for the implementation of the Central Petaluma, Specific Plan -- $180,000. These programs are being implemented in order to provide an environment conducive to social and. economic growth. Status of.Expenditure Plan; Original 5 -Year Bud' et Expenditures To Date Unexpended B'alanee Revised 5 -Year Budget 52,580,000 $603,698 $1 $1,012,000 Project Status:, This project was substantially revised with the deletion of funding for the Visitor's Bureau as per the limitations imposed by Redevelopment Law. However with the implementation of the Retail Strategy -and improvements to the Industrial Avenue site, a total revised budget of $1.012 million is recommended, as follows: 10` • Industrial Avenue Site Prep: $204,000 • Retail Strategy & Implementation: $175,000 • Economic Studies/Promotion $ 20,0:00 • LOK Hotel OPA: $ 13;000 • Tourism Program (Discontinued): $600,000 i. LOK Petaluma Marina Hotel OPA: - $ 2.750 (Loan) Project Description: - The Agency entered into. an . Owner Participation Agreement for a 183 room full - service Sheraton Hotel in the Marina. Assistance to the project includes a loan for offsite public improvements. to be repaid. to the PCDC through a deferred participation payment. Without financial assistance, the economically .viable. use of the marina site was substantially hindered due to limited access !and parking. ,Additionally, the vacant site was difficult to develop for urban use and without redevelopment assistance constituted a serious physical and economic burden on the community that 'could "not be reversed or alleviated by private enterprise or governmental action, or both, without redevelopment. Status of Expenditure Plan: Parking Lot Construction Loan Original 5 -Year Budget Expenditures To Date Unexpended. Balance Revised 5- Year,Bud et $750,000 $75;0,000 $0 $750,000 Property Tax Increment Loan Original 5- Year..Bud et . Expenditures To Date 'Unexpended Balance Revised 5-Year Bud et $0 $200;000 41;800,000 $2,000,000 Pro f ect Status: Parking ,Lot Construction Loan is provided in full An additional $2:0 million loan which was not anticipated in the Plan is recommended in order to keep the Plan current. The total for this item is $2.750 million. j. Assessmem Credits: $0.148 Million '11 Project Description: This project provides funding for assessment credits for the Gow property. These credits were not included in the original Plan are now included. Status of Expenditure Plan: Original. 5 -Year Budget Expenditures To Date Unexpended, Balance Revised 5 -Year Budget $0 $47,757 $77,243 $148,000 Project Status: On Track III. Debt Service k. Debt Service: $18.004 Million J, Project Description: The project _pays the debt service on the following debt, allowing the Agency to undertake its projects: • 2000A TAB: $6,655,350 0 2001 TAB: $2,383,100 0 2004A TAB (New Debt to Be Incurred):. $4 0 Assessment District 19 & Benson Note: $4,627,250 0 Assessment District 17 Subsidies: $ 147,800 Subtotal PCD Debt: $18,004,450 Status of Expenditure Plan: Original — 5-Year-Budget Expenditures I To Date Unexpended t Balance Revised 5 -Year Budget $18,004,000 $7,221,712 $10 9 782 9 288 $18,004,000 Project Status: On Track IV. Administration 1. Project Administration & Overhead: $7.621 Million Project Description: The project provides administrative ,support to the PCDC and provides for the planning, oversight, and implementation of all - agency projects and programs. The administration of the Agency insures ' that .the goals and objectives of the Agency are met. 12 Status of Expenditure Plan: Original 5- Year.Bud et Expenditures To Date Unexpended Balance Revised 5- Year„Bud et $2,4.45,000 $1,747,659 $697,341 $7,621,000 Project Status; Administrative expenditures originally budgeted did not include: ERAF .shift, ($2,322,000), TAB Cost; of Issuance ($788000), Intergovernmental Charges ($1,02000), SB2557 Collection Fees ($939,000,) or General Plan Consultants ($405,000). In addition, administrative expenditures to date are overstated due to the misallocation of construction staffing costs, general overhead and engineering charges' to administration instead. of capital projects. Approximately •$350;00'0 annually is actually expended for basic administration. Accounting changes have made to correct these charges so that' administrative' costs will be accurately accounted for in the future. Additional funds; are 'programmed, for a PCDC Plan Amendment to "merge the project areas ($210,000). Subtotal Original PCD Project Area Proj,ect,Cost Estimate $47.740! Million, Subtotal.N' w PCD Project Area Project CostEstimate: $66.771 Million Difference: + $19.034 Million eitral Business 'District Proi ect. Area I. Capital Improvement Projects (CIP) a. Parking Garage, Capital Improvements: $1.150 Million Project Description: The project will begin in FY 200.1 -02 with construction to improve the security of the Keller St. parking structure ($325;000). Additional funds are set aside for public participation in new parking facilities ($2.0 million). Status of Expenditure Plan: Original 5 -Year. Budget Expenditures To Date. Unexpended Balance Revised. 5 -Year Bud et $2,325;000 $1,149,948 $1,175,052 $1;150,000 • 13 Project Status: Improvements to the Keller Street Garage are complete.. hi FY 2003 -04, a Owner Participation Agreement (OPA) with Basin-Street Properties provided for the addition of a new parking facility with approximately 530 spaces, of which 216 are public.. Therefore, having met the plan to provide additional public parking in the CBD Project Area though the. OPA, no further participation in publicly financed facilities is required through FY 2006 -07. b. "MainstreeO /Streetscape Improvements: $10.3 Million • Project Description: The project.wll: improve public infrastructure in the downtown core of the project area. The improvements will eliminate deteriorated public 'improvements and facilities including curbs, gutters, paving, sidewalks, drainage, lighting and landscaping as follows: • Sidewalks • Streetlights • Street Overlays; • Curb & Gutter • Misc & Supervision Subtotal $2,400;000 $ 800;000 $1 $ 35.0,000 $ 450,000 $5,000,000 Status of Expenditure Plan: Original 5 -Year Budget Expenditures To Date Unexpended Balance. Revised 5 -Year Budget $5,000 $1,539,514, $3,466,4%1 $10,300,000 Project Status: A -CBD Downtown Streetscape Master Plan was approved by SPARC and provides a comprehensive guide to the redevelopment of the downtown. Construction is' currently underway to ,complete the first phase of the streetscape improvements, budgeted at $6' million. This includes improvements on Kentucky/Fourth Streets and Petaluma Blvd. from Washington to B Street. A second phase will complete the remaining downtown streets, including Washington Street from Petaluma Blvd. to Howard Street at approximately $4 million. Additional engineering .is also budgeted for improvements to Copeland/Baylis Streets north of Washington ($325,000). 14 c. Implementation of Central Petaluma Specific Plan $9.400 Million Project Description: The implementation :of the Central Petaluma Specific Plan will provide an environment conducive to social and economic growth. Specifically, the implementation will involve numerous public capital improvements such as street. paving, sidewalks, curbs, gutters, storm drainage, lighting, water and, sewer lines. The implementation of the Specific Plan improves pedestrian, bicycle, and vehicular circulati.on °and access to the Project Area, The plan also envisions high density housing linked to public transportation. The project .may also include the renovation of an aging railroad -trestle and the construction of a floating walkway used for pedestrian access at Water Street. Status of Expenditure Plan: Ori g final . 5-Year Budget, Expenditures To, Date Unexpended. Balance. Revised 5-Year Bud` et $8,600 $683 5 , 0.43 $7,91.6,957 $9,400 Project Status: The PCDC entered into a Owner . Participation Agreement (OPA) with Basin "Street Properties °for the Theater District Project, agreeing to provide $4.8 million in infrastructure improvements; In addition, the PCDC _ added approximately $3.0' million for 'improvements to` public rights =of- -way adjacent to the project. The,project will be completed by 2006. d. River Enhancement Plan Improvements: $7.125 Million Project Description.; Pedestrian/Bicycle trails along the - Petaluma River. will provide residents and visitors easy access to downtown shopping and social activities,, creating an environment conducive `to social and economic growth. , The project includes construction of a paved path along the river in two segments from the East Washington to the D Street Bridge and from D Street to the end of Foundry Warf as follows: Downtown Segment: $3,868 Warehouse Segment: $2,000;000 Subtotal $5,868,000 15 Status of Expenditure'Plan: Original 5-Year Budget Expenditures 'To Date Unexpended Balance Revised 5 -Year Budget .55;868;000 $580,599 $5;287,401 $7,125 Project Status: The downtown segment of the River Enhancement Improvements will be completed as part ,of the Water Street /Turning Basin Improvement Project. The first phase of the project, involving undergrounding the utilities is currently under way. The above ground streetscap.e improvements will begin late 'in the summer of 2004. Funding also includes river access ' improvements around the Turning Basin,, for a total of $6.6 million. In addition $525;900 .is included .in the revised budget to engineer a replacement'to the Railroad Trestle and remove the defunct trestle. Funding: for the Warehouse distri ct improvements has been provided through the OPA between the PCDC and Basin Street for Theater District 'Project improvements along First Street. Basin Street will be making top of bank improvements along their development on First Street. As further development occurs on First Street, the developer will be required to make river access improvements. 11. PCDC Added CIP e. Petaluma'Railroad Restoration:, $2.423 Million Project Description; The `PCDC entered into a lease agreement with the NWPRA for 25 years and ' greed to restore the depot within five years. Exterior improvements to the buildings have been completed. The second phase of the project will begin during the Summer of. 2004 and involves the undergrounding of utilities and landscape /parking lot improvements. The final phase, involving improvements to the interiors of the building, are planned for FY 2004 -05. These improvements were originally contemplated as part of the implementation of the Central Petaluma Specific Plan, and have been broken apart as a separate project. Status of Expenditure Plan: Original 5 -Year Budget Expenditures To Date Unexpended Balance Revised , 5- Year°Bud et $0 $1,429,300 $0 $2,423-,000 16 Project Status: Project was started * in 'FY 2003 -04 and will be completed in FY 2004 -05. - The project is central to starting the redevelopment of the adjacent railroad parcel. f. Road & Streetscape Improvements $8.477 Million Project Description: Funds are allocated for additional road and streetscape improvements °i ; n the CBD Project-Area, m_ ainly focused on,Petaluma Blvd South to the 'beyond City Limits, including the Dutra quarry site. Developer funding to offset-. possible future 'improvements is also reflected. Status of Expenditure Plan: Project Status: The Central Petaluma Specific Plan contemplates improvements to Petaluma'Blvd. South. Making these improvements in conjunction with improvements to the northern end of Petaluma Blvd. will provide significant `improvements to circulation and to the character of this important arterial and gateway: Engineering /Architectural design will begin in FY 2004 -,05, with construction "in FY 2005 =06. g. Poultry Street Extension: $2.415 Million Project Description; Funds are provided to make improvements to Poultry Street in 6rder for development. Funding is completely offset by the developer: Status of Expenditure Plan: Original 5- YearBud et Original 5 -Year Budget 'Expenditures To Date Unexpended Balance Revised 5- Year_Bud et $0 $0 $100,000 $0 $8,477;000_ Project Status: The Central Petaluma Specific Plan contemplates improvements to Petaluma'Blvd. South. Making these improvements in conjunction with improvements to the northern end of Petaluma Blvd. will provide significant `improvements to circulation and to the character of this important arterial and gateway: Engineering /Architectural design will begin in FY 2004 -,05, with construction "in FY 2005 =06. g. Poultry Street Extension: $2.415 Million Project Description; Funds are provided to make improvements to Poultry Street in 6rder for development. Funding is completely offset by the developer: Status of Expenditure Plan: Original 5- YearBud et Expenditures To Date Unexpended Balance Revised 5 -Year Budget $0 $0 $0 $2,415,000 Project Status: Project is fully funded by developer and subject to City review. Improvements could include improving Poultry Street and providing accesses to Lakeville Street. 17 111. Redevelopment Programs h. Unreinforced Masonry Program: $0.400 Million Project Description: The project will restore many of Petaluma's unreinforced masonry buildings thereby preserving the stock of older buildings which give the City its unique character. The proj ect corrects structural deficiencies in aging buildings thereby eliminating blighting influences. Status of Expenditure Plan: Original S -Year Bud et. Expenditures To Date Unexpended Balance Revised 5 -Year Budget $355,000 $210,244 $144,756 $400,000 Project Status: An analysis of the remaining properties requiring seismic retrofits `by 2007 reveals that an additional $45,000 is required to subsidies to complete the 2007 URM requirements. i. PDA Downtown Economic Development: $0.440 Million Project Description: The project funds the work plan of the Petaluma Downtown Association that under takes.. economic development through business retention and enhancement programs. These programs are being implemented in order "to provide an environment conducive to social and economic growth. Status of `Expenditure Plan: original 5- Year;Bud et Expenditures To Date Unexpended -Balance. Revised 5 -Year Budget $420,000 $290;000. $130,000 $440 Project Status: PDA funding was initially provided at a rate of $70;000 annually but was`inereased to $110,000 annually in FY 2002- 03. Due to the impact of ERAF, recommend maintaining $50,000 Annual' expenditures while assisting the BID in increasing its collections. j. Special Projects: $0.109 Million Project Description: The project was originally' to provide funding for aiY enhanced downtown foot patrol provided by a private security firm giving people shopping in the area an added sense of security during holidays ($90,000). Another provides for the continual rehabilitation and renewal of downtown sidewalks ($62,000). A third i project provides employment to youth during the summers related to business development and enhancement ($3,000). As these were non - capital project expenses, they were not eligible for redevelopment funding and were deleted: A fourth project provided a credit to business property owners who provided off- street parking during the life of Assessment District l4 ($115,500), which was completed at the ,beginning of FY 2003 -04. Status of Expenditure Plait: Original 5 -Year Budget Expenditures To'.Date Unexpended Balance Revised 5 -Year Budget $155000 $199;000 $46,000 $109,000 Project Status: Non = Capital Improvement Projects were deleted as per state law regarding Redevelopment. The assessment credit project is °complete. L Keller St. Parking Garage, Security & ,Rehab: $ Million Project Description:. The project provides, funding for monthly facility rehabilitation and 'contract security personnel to patrol the .Keller St. parking garage. Rehabilitation and parking security would initially be only partially offset by parking fees. Parking revenue is estimated to fully offset. the cost of securing and rehabilitating the structure by FY 2006 -07. Status of Expenditure Plan: Original 5 -Year B et ud Expenditures To Date Unexpended Balance Revised t 5 =Year Budget $870;000 $171,626 $698,374 $280,000 Project Status: Efforts to make the maintenance and security of the garage self- sustaining ,have :failed so far. At the request of the. PDA, the PCDC made extensive garage ,improvements with the proviso that users would pay to -park, thereby offsetting the ongoing General Fund cost. Efforts to introduce pay - parking have been unsuccessful so far. A Property Related Fee was opposed by property - owners in February 2004. A new assessment is being proposed by the PDA and will be presented to the City Council for consideration 'in June.. If this approach fails,. an alternative of instituting .downtown parking meters may be proposed. A revised. budget of $280,000' is recommended, taking current program through the end of FY,2003 -04, after which time the" garage will become financially self-sustaining, 19 1. .Putnam Plaza Restroom OPA: $0.002 Million Project Description: According to an agreement for use of private property with the owners of 125 Petaluma Boulevard signed by the Agency in 199.6; the Agency agreed to pay for the ongoing use of public restrooms on private property.' This was in lieu of constructing costly public restrooms downtown where space was limited. The project was undertaken in order to eliminate blighting influences and correct a deficiency in public improvements. Status of Expenditure Plan: Original 5 =Year Bud et Expenditures To Date Unexpended Balance Revised 5 -Year Budget $50;000 $2,491 547;509 $2,491 Project Status_; This project has been deleted as per State Redevelopment 'Law pertaining to the use of Tax Increment and Capital Proj Oct Funding. m. Storefront Improvement Loan Program: $ 0.400 Million Project. Description: The project. provides low- interest loans to owners of properties located downtown. The 'loans are for exterior repair :rehabilitation and painting. The intention of the program is to eliminate blighting influences. Status Of Expenditure Plan; Original 5 -Year Budget Expenditures To Date Unexpended Balance Revised 5 -Year Budget WON '$0 $600,000 $400,000 Project Status; Downtown property owners have not shown interest in low - interest loans. It is recommended that the project be reconfigured to include the possibility of providing matching grants for storefront improvements to' buildings older than 1,00 years. For example, some agencies provide a.50% match up to a capped amount and agree to forgive the match if thel owner maintains the building for 10 years: • 20 n. Downtown Foot'Patrol Security: $ 0.025 Million Project Description: The project provides funding for an enhanced downtown `.foot patrol provided by the Police Department giving .people shopping in the area, an. added sense of security during weekly shopping ($90,000). Status of Expenditure Plan: Original 5 -Year Budget Expenditures To Date Unexpended Balance Revised 5 -Year. Bud et $150,000 $25,000 $125;000' $25,000 Project Status: This project has been deleted as per State Redevelopment Law pertaining to the use of Tax Increment and Capital Project Funding. IV. PCDC Added Programs o. Tree Planting & Establishment: $0.315 Project Description: The project will involve the'• planting and establishment of street trees within the CBD Project Area, completing the downtown ,urban foresfry program and providing an environment conducive to socialjand economic growth. Status of Expenditure Plan: Original 5 -Year Budget Expenditures To Date Unexpended, Balance Revised 5- Year Budget $0 $15,000 $0 $315 Project Status: Includes initial three -year period of establishment /watering. 2 1' a V. ; ebt 'Service p. Debt Service: $1.243 Million Project Description: The project pays the debt .service on the following debt, allowing -the Agency to undertake its projects: • 2000B TAB: $727,000 • 2005A TAB (New Debt to. Be Incurred); $400,000 • Assessment District'14 Credits_: $ 116,000 Subtotal. CBD Debt: $1,243,000 Status of Expenditure Plan: Original 5-Year Bud' et Expenditures To Date Unexpended balance Revised 5 -Year Budget $1,643,000 $176,500 $1,466,500 $1,243,000 - Project Status; Estimated debt service on a future 2005 TAB has been reduced thereby requiring a reduced appropriation. VI. Administration q. Project Administration & Overhead: $.2.531 Million Project Description: The project provides administrative support to the PCDC and provides for the planning, oversight, and implementation of all agency projects and programs. The administration of the Agency insures that the goals and objectives of the Agency are met. Status of Expenditure Plan: Project Status: Administrative expenditures originally budgeted did not 'include: Intergovernmental Charges ($170,000), SB2557 Collection Fees ($71,000), or General Plan Consultants ($307,000). Administrative expenditures to date are overstated due to the misallocation of staffing costs, general overhead and engineering charges to administration instead of capital projects. Approximately $250,000 annually is actually expended for administration. 22 Original 5 -Year ,Bud et Expenditures To Date Unexpended Balance Revised 5 =Year Bud et $825,000 $787,047 $37,953 $2,531,000 Project Status: Administrative expenditures originally budgeted did not 'include: Intergovernmental Charges ($170,000), SB2557 Collection Fees ($71,000), or General Plan Consultants ($307,000). Administrative expenditures to date are overstated due to the misallocation of staffing costs, general overhead and engineering charges to administration instead of capital projects. Approximately $250,000 annually is actually expended for administration. 22 Accounting changes, have, been made to correct these charges so that administrative costs will be accurately accounted for in the future. • Administratior`/Staffing:, $1,936,000 • Other /General,Plan/Fees: $ 595,000 Subtotal Orginal,CBD Project Area Project Cost Estimate :'$26.861 Million Subtotal New CBD Project Area Project Cost Estimate: $51.046 Million Difference: +$24.185 Million Grand Revised Total Five -Year Project .Costs (Both Project'Areas) Difference: $1,17.811 Million +$43216 Million 23 Mid -Term Review Of The Progress on Proposed Housing Activities and. Annual Production Goals California Redevelopment Law requires the Commission to set aside in a separate, segregated Low and Moderate Income Housing Fund at 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. In its. Implementation Plan, the Commission stated its goal to target its Housing Fund to provide for the changing needs of the community. The Plan stated that "Low -Mod set -aside funds will be utilized' in conjunction with other funding sources to serve'very -low and low- income Petalumans based on its fair share of regional housing , needs as determined by the Association of Bay Area Governments and the Commission's determination and prioritization of the community's housing needs." The annual goals for the Commission's housing program follows, with estimates of the number of new, rehabilitated and price- restricted housing units to be assisted with expenditures from the Housing Fund over each of the next five years and estimates of low- income households served by affordable housing -programs. Following each project and program goal is a status update through the mid -term review: FY 2000 -2001 • Housing Strategy: "The Commission will adopt a 2001 -2006 Implementation Plan which will include an affordable housing strategy to meet its affordable housing production and replacement housing obligations. Commission staff has begun to identify more suitable sites for development of affordable housing. Staff will continue`to work with nonprofit developers regarding the most feasible ways to develop affordable housing, leveraging Commission funds to the greatest extent possible. Project Status: Plan Approved. • Consolidated Plan: The City adopted its 2000 -2005 Consolidated Plan StrateLyy as required by HUD. Staff has begun coordinating with other entitlement jurisdictions in the. County and working, with service providers to update the housing and community services needs assessment. Project Status: Plan Approved • Low - Income Senior Housing Units: The Vintage Chateau opened in February 2000 providing 240 units of low- income senior housing. Project Status: Complete • Housing Rehab: 15 homes will be rehabilitated for low - income senior homeowners. Project Status: Complete 24 • Rental Mediation: 200 households will rental mediation assistance. Program- Status: Complete • Shelter & Support Services: 130 homeless people will receive shelter and support services. Program Status: Complete • Transitional housing: 25 households will receive transitional housing and services. Program Status: Complete • Mary Isaak: Center: Phase I environmental work will be completed on new homeless multi- services facility. Program'Status: Complete • Phase II, 01d.East Neighborhood Revitalization: Project on Hold Project, Status.: On Hold, Pending Funding • Homeowner Programs: Two new homeowner programs will be researched for possible implementation. Project Status: Pending, To Be;Revisited in`FY 2004 -05 2001-2002 • housing Element :. The City will adopt its 2001 -2006 Housing Element as required by the California Department 'of Housing and Community Development. Project 'Status; Complete (Housing Element Was certified by California Dept. of Housing and,CornmunityDevelopment and adopted by the City Council.) • Edith Street Senior. Apartments: The project will be completed in 2004, adding 23 units of housing for very -low income seniors. Project Status: In. Progress, To Be Completed"in 2004 • Downtown River Apartments: Eden Housing will complete site acquisition on ,downtown housing /81 units of any -age rental apartments. Project Status: Site Acquisition. Complete • Old Elm Village Predevelopment: Work icompleted on Old Elm Village /87 units of .any -age rental apartments. Project Status: Complete • Housing Rehab: 15 homes will be rehabilitated for low- income senior homeowners. Project Status: Complete. • 25 ®' Rental Mediation: .20-0, households will receive rental mediation assistance. Program Status: Complete • Shelter & Support Services: 130 homeless people will receive shelter and support services Program Status Complete • Transitional Mousing; 25 households will - receive transitional housing and services. Program. Status: Complete • Mary Issac Pred'evelopment: Work will be completed on new homeless multi - services center Project Status: Complete • Phase 11I, Old'East Neighborhood Revitalization: On hold. Project Status: On Hold, Pending Funding • 'Lieb Senior Apartments: Site acquisition for inMl senior housing 22/23 -unit project will be completed Project Status: Complete 2002 -2003 • Old Elm Village: Construction Will be completed for 87 units of work force housing. Project Status: Complete • Downtown River Apartments Predevelopment: Eden Housing will complete predevelopment for 81.units of work force housing Project Status: Complete • Housing Rehab;; 15 homes will be rehabilitated for low- income homeowners. Project Status: Complete Rental Mediation: 200 households will receive rental mediation assistance. Program Status Complete • Shelter. & Support Services: 130 homeless people will receive shelter and support. services. Program. Status: Complete ® Transitional Housing: 25 households will receive transitional housing and services Program Status: Complete 26 o Mary ,Issac Center Construction: Construction will begin on new homeless multi- services facility Project Status: Construction Start Delayed Phase IV, Old East Neighborhood Revitalization: On hold. Project Status: On Hold, Pending Funding Lieb Senior Apartments Predevelopment: Predevelopmenf -for - 22/23 new 'senior housing units .undertaken. Project Status Complete 2003 - 2004,. • Future Housing-Development: Site acquisition for new multi - family rental project /downtown area/size unknown Project Status: On Track, Site Search In Progress a Lieb 'Senior Apartments: Construction begins on, senior - housing site Project Status: On Track, Construction Began February 2004 • Housing Rehab: 15 homes will be rehabilitated for 'low- income senior homeowners Project Status: On Track, To Be Completed in April 2004 • Mediation Assistance: 200 ,households will receive rental' mediation assistance. Project Status: On Track, To Be Completed' by June 30, 2004 Shelter & Support Services: 130 homeless people will receive shelter and support services. Program Status: On Track To Be Completed by June 30, 2004 • Transitional Housing: 25 households will, receive transitional housing and services. Program Status: On Track To Be Completed by June 30,20W • Mary ISacc Center: Construction "Will begin on Mary Isaak Center. Project Status: On Track; Construction to be completed by December 2004. s Phase IV, Old East NeigbborhoodRevitalization: Project' Status: On Track, Implementation in Summer 2004. 27' ® Lieb S.euior Apartments Construction: Construction for infill senior housing 22/23' -unit project will be completed Project Status: On Track for Completion in November 2004 • Housing Rehab: 15 homes will be rehabilitated for low- income senior homeowners. Project Status: To,Be Completed in April 2005 • Rental Mediation: 200 households will receive rental mediation assistance. Program Status: To Be Completed during FY 2005 • Shelter & Support Services: 130 homeless people will receive shelter and support services. Program Status: To Be Completed during FY 2005 • Transitional Housing: 25 households will receive transitional housing and services. Program Status: Tu Be Completed during FY 2005 • Mary Isaak Center Construction: Project.Status: To Be Completed, December 2004 • Phase V, Old East-Neighborhood Revitalization: Project Status: To Be Completed in FY 2005 The 2000 -2006 goals reflected the best projections that the Commission could make, at the time, of projects that may develop in this time period. 'If these projects are developed as foreseen, then the majority of affordable units developed will, address very -low and low- income housing needs. Summary of Remaining Regional Housing ,Need (August�2002) • go Very Low Low Moderate Above -Mod. Income Income. Income Income A. Total Units Constructed Since 1999 163 185 100 681 1,129 Units Under Construction 187 138 325 Subtotal 163 185 287 819 1,454 Reg. Housing, Need Allocation 206 124 312 502 1,144 Remaining Need Subtotal 43 (61) 25 (317) (310) Approved Units 87 16 48 125 276 Remaimn ,Housing Need (44) (77) (23) (442) (586) go 10� • 29 MID -TERM REVIEW SUMMARY,OF HOUSING ACTIVITIES 2001 -2006 (All Funds) . Senior Housing Goal_ 361 Mid -term completion 263 Family Housing Goal 218 Mid -term completion 87 Rehabilitation Goal 100 Mid - term completion 45 Rental Assistance Goal 1200 Mid -term completion 600 Shelter Beds Goal 840 Mid -term completion 390 Transitional Housing Goal 210 :Mid -term completion 75 Neighborhood Revitalization Goal Phase 2 Mid- term completion Phase 1 10� • 29 Exhibit 1 Summary ®f Appropriations & Revenues "Five -Fear Implementation Plan" 30- FUNDS 5510, REVENUES AND EXPENDITURES BY PROJECT AREA CENTRAL BUSINESS .DISTRICT PROJECT AR REVENUES & EXPENDITURES IMPLEMENTATION PLAN FIVE -YEAR FORECAST FY,01 -02 FY 02 -03 FY 03 -04 FY 04 -05 FY 05 -06 FY 06 -07 Actual Actual Midyear Proposed Projected Projected Adjusted CENTRAL BUSINESS DISTRICT PROJECT AREA BEGINNING CASH „REVENUES, TRANSFERS IN AND INTERFUND LOAF 1 • 2 Beginning Cash,Balance 3 Property Tax Increment Revenue 4 Other Revenues 5 Property Owner Contributions 6 Transfers In -- _ 7 Bond Proceeds 8 Interfund Loan from PCDC:902 9 TOTAL CASH, REVENUES;,TRANSFERS' IN, rLOAN 16 11 EXPENDITURESAND TRANSFERSOUT 12 Administration { 13 Program Expenditures 1'4 Loans 15 Interest 16 Pass - Through Payments 17 Capital Improvement Projects 18 Transfer out to Housing Fund 19 Transfer out to Debt Service Fund 20 Transfer out to General Fund for Security Patrol 21 Reserves. for Future Projects 22 TOTAL EXPENDITURES, TRANSFERS OUT 23 CHANGE IN ASSETS /LIABILITIES 24 25 ENDING CASH BALANCE 32 .531,536 16,935 0 0 0 481,950 173,866 191,463 0 0 0 608;339 106784 48,600 25,000 0 1,154,052 (607,696) FY 2061 =02 to ,� FY- 2006.07 _ 484,297 498;794 481,950 481,950 48195032' 638;207 579;731 616,759 700 794,524 3 880;779` 15,424 27,000 168,500 170,000 170 568 359;; 29,649 0 2,415,000 1,8 0 4 321;149'; 0 280,000 0 0 0 ° 280,000; 0 0 0 0 4740000 '- 000:: 1,810,050 15,453,899. : 14992,727 6,421,268 (67 -' -`37 092561 2,977;627 16;839;424 16,674;936 9,649;739 6;119642 =:50 ;862 ;8W. 425,182 741,900' 395,341 390,166 404-523 ;' 2 530 978 340;617 530,500 394,000 350;000 351,000, - - 2 157 560�� 0 100,000 200 100 12,376 80,220 621,106 1,075,852 1,300 596 03 090'151 14 32,554 34,600 39,271 44 573 165 668" 1485,135 14,733,300 14,408;938 7;076,500 3,000000 'x'41312;212 - ; 127,642 0 0 0 0 - 234 129;900 139,000 139,000 136:000 537 ''1 129500 0 0 0 0 0 25,000`: 0 0 0 0 0 0£ 2,535;522 16,357,474 16,192,986 9;167,789 5,637 692 -51 045 515- (56;689) t;, (664,585) 498,794 481,950 481.950 481.950 481 950 aa1"4s0= City of Petaluma;.Califomia - Petaluma Community Development Commission • 4/13/2004 12:32 PM PCDCF5YearlmplementationPlanAnalysis041104 PCDC detail 1 10 Interest 2,498' 5,268 5,000 1,500 3,000 3;500 20 76¢= 6 48010 Miscellaneous Revenue 1,079 0 0 0 0 0 '1 7 42420 Parking Lot Revenue 13,358 10,156.- 22;000 167 167,000 167 000 �J 546,514:' 8 48010 Property Owner Contributions 0 29;649 0 2,415,000 1 0 - - 1 4 321 W' 9 TOTAL REVENUES = 548,471 683,280 606,731. 3,200,259 2;746;521 965024 _.8750 =287.: 11 TRANSFERS.IN - 12 Transfer in Net Bond Proceeds 2006. TABS 0 .0 0 0 0 4,740 000 13 Transfer In 0 0 280;000 0 0 0 280 OOQ 14 INTERFRUND LOAN.FROM FUND 902 481,950 1,810;050 15,453;899 12 6,421,268 -67 332 37 092 561 15 TOTAL CASH, REVENUES'AND TRANSFERS IN 1,030,453 2,977;627 16,839,424 16;674,936 9,649,739 6,119 642 . 16 - - 1,7 EXPENDITURES ' 19 __ 20 P20;1000 Project A rati dministon 78,798 242;366 570,700 337;821 .347,956 358 394 -' 21 C200203 Basset/Howard %Street Remodel 0 15,000 0 20,000. 0 0 - 35 s ' 22 P201000 CBD.Plan Amendment (Seifel #1) 4,021 8;853 0 0 0 0 - 12,8746 23 P201000 'SB -2557 Co: Collection Fee 6,647 9,213 11,800 12,520 14210 16 70,719:" 24 .Iritragovernmental 25,200 40;350 21,000 25;000, 28;000 30.0 -' 1169 .25' General PlanAdministration '59;000 109 ; 138,400 0 0 0 -* 3061800`" 26 Subtotal Administration 173 425;182 741_,900 395,341 390,166 404,523 42;530 ' i2T ? u 28 program Expenc>£ilies z 29 Central'Petaluma.Specifiic Plan 0 215 0 0 0 0 A 215; 30 P201070 URMProject .30,663 109,689 215,000. 45,000 0 0 400;352 31 P201020 Petaluma Downtown Assoc. 70;000 110,000 110,000 50,000 50;000 50,000 440 000 32 P201040 Street Tree Establishment 0 14,548 0 100,000 100,000 100 314;5W.- 33 Special: Projects 34 - Downtown Security - - 0 0 0 -- 0 0 0 = Ot _35 Sidewalk Maintenance. 10,000 0 0 0. 0 0 _ 10 000 36- Depot Rents 0 0 0 32;000 33,0,00 34i()06 99 000` barage Maint/Security 40 69,516 167,000 37 P201050 Parking, .167,000 167,000 167 000 77 721 •? 38 P201010 CBD Loans & Assessment Credits 38;531 36;222 38;¢00 '0 0 0 '177;721:_- 113,253,` -' P201060 Plaza'Restroom Maintenance 2;064 '427 0 10 0 0 - 2 491 - - " . 40 Subtotal P.rogram,Expenditures 191,463 340,617 - 530,500 394,000 350,000 351 =2 1573606 4/1312004 12: 3i*CDCF5YearlmplementalionPlanAnalysis041I b4 PCDC detail 2 �- Funds 5510, -3300 C FY 01 -02 F CENTRAL BUSINESS DISTRICT PROJECT AREA REVENUES& EXPENDITURES - -_ CENTRAL BUSINESS DISTRICT PROJECT AREA 1 B BEGINNINGCASH BALANCE 3 32 4 484,297 4 498 4 481,950 4 481,950 4 481 32 2 B R REVENUES 10, - . Property Tax increment_ 5 531,536 6 638,207 5 579;731 6 616,759 7 700,021 7 794,524 5 4 434 4/1312004 12: 3i*CDCF5YearlmplementalionPlanAnalysis041I b4 PCDC detail 2 �- 0 Funds 5510, 3300 REVENUES AND EXPENDITURES BY PROJECT AREA CENTRAL BUSINESS DISTRICT, PROJECT AREA 41 Loans 42 P201010 Storefront Improvement; Loan,Program 0 100,000 200,000 10000 0 44 Inteieslt 45 P201010 Interest .on Interfund'Loan 0 12,376 80,220 621;106 1,075,852 1,300,596 46 47 Pass Throughayments�� z - M 48 P201000 PasMfirough.Payme6ts io Ottiers _ 0 14,670 32,554 . ,34,600 39,271 44,573 A9 50� _C p tat_improv ment Projects 51 C200104 Caulfield Extension ' _ - 0 0 0 0 0 0 57 Downtown Parking Structure Oi 0 0 0 0 0 X53 Was ingto,mStreet Improvements 0 0 1 25,000. 0 0. oi . 54 North Copland /Baylis Street. Improvements 0 0 0 0 300;000 0 55 Pouliry'Street Extension 0 6 - 0 2,415;000 0 0 56 P202400 Underground Tank Monitor 0 •1 0 0 0 0 b '• 57 C200102 Parking Garage Improvements 291,391 '858;557 0: 0 0 0 58 C200603 Downtown Improvements Phases I.& 2 13;225 228,233 5;755,000 1;979,414 2,000 - 0 =. 59 C200304 Road /Streetscapelmprov 0 0 100,000 1,000,000 4,376,500, 3,000,000 60 C200703 Cent. Pet :Specific Plan District 0 173;580 4,717,000 4;529;816 0 0' 61 C200804 Trestle Engineering 0 0" 125,000 0 400,000 0 62 C200303 Petaluma Railroad Depot Restoration 0 55 1,429,300 938,000 0 0 63 C200503 Water StreetfTurning Basin Improvments 303,723 168,775 2,582,000 3,546,708 0 0 -' 64 Subtotal Capital Improvements Projects 608,339 1,485,135 14,733,300 14,408,938 7,076,500 3,000,000 � 65, - '66 TOTAL EXPENDITURES 973,668 2,277,980 16;218,474 16,053 9;031,789 5,100,692 67 =68, TRANSFERS OUT _ 69; Transfers�ouPto Low /Mod Housing Fund 903 106,784: 127,642 0 0' - 0 0 -i 70 Transfers out to Gen Fund' for Foot Patrol Services f '25 000 - , '0 0 0., 0 0 ;. 71 Transfers out to Debt Service: 1984 TAB 0 '0 0 '0 0 . .0` 2. 72. Transfers out to Debt Service: 2006A TAB 0 0 0 0 0 400,000 73 Transfers out to Debt Service: 2000B TAB - 48,600 129,900 139,000 139,000' 136,000 137,000 74 Subtotal Transfers Out 180,384. 257,542 "" 139,000 139,000! ,136,000 537;000 =s 75 76 TOTAL EXPENDITURES & OUT `1,154,052' 2 16,357,474 16,192,986 9,167;789 5,637,692 77 CHANGE; IN ASSETS /LIABILITIES (607,896) (56,689) 0 - 78 79 ENDING CASH BALANCE 484,297 498,794 .481,950 481,950 481,950 481,950 80 . 81 CUMMULATIVEINTERFUND LOAN FROM PCD PROJECT AREA (9 481;950 2;292:000 17,745,899 30,738;626 37;159;894 37,092;561 • 4/13/2004 12:32 PM PCDCF5YearlmplemenlationPlanAnalysis041104 PCDC detail 3 FUNDS 3400, 5520 PETALUMA COMMUNITY DEVELOPMENT PROJECT AREA REVENUES & EXPENDITURES IMPLEMENTATION PLAN FIVE -YEAR FORECAST REVENUES,AND EXPENDITURES BY PROJECT AREA FYa01 -02 FY 02 -03 FY, 03 =04 FY 04 -05 FY 05-08 FY 06 -07 Actual. Actual' Midyear Proposed Projected Projected Forecast , COMMUNITY DEVELOPMENT' PROJECT AREA BEGINNING CASH, REVENUES AND TRANSFERS IN 1 Beginning, Cash Balance 2 Cash with Fiscal Agent (Bond. Proceeds) 3 Property Tax Increm ent'Re_ve_nue. 4 Other Revenues 5 Transfers1n: 2004A Tax. Allocation Bon&Proceeds 6 Transfers In: 2000ATaxAlloc_a_tion Bond Proceeds `7 Other. Transfers In 8 TOTAL CASH, AND TRANSFERS IN 9 10 EXPENDITURES: AND TRANSFERS OUT 11 12 Administration 13 Program Expenditures 14 'Pass- Through Payments 15 Capital lmprovement' Projects 16 Transfers 0 itto''Other - Funds 17 Transfers Out to Housing Fund 903 18 Transfers Out to'Debl Service Fund 904 19 Transfers Out to TOT. Fund 20 Transfers Out lo.Traffic Fund 21 Transfers Out to SlormlDrain Fund210 22 Transfers.0utto Marina Fund 607 23 TOTAL EXPENDITURES, TRANSFERS OUT 24 25 CHANGE IN ASSETS /LIABILITIES 26 CURRENT, INTERFUND:L'OANTO PCDC901 27 28 ENDING CASH BALANCE ' 1,828,322 2;738,487 6;550;885 6,624;691 5,897,795 1,589;806 106.378 11,751 '_9;702,065 13,951,765 - 66000 -_ 961f102' 9 10;450;315 8!91.1;450 .9,357,023 9;824:874 10,316:117 487,336 1 3,863,391 1,200;220 1, 84,1, 282 1,282;275 1,356.239 0 0 23;630,0000 0 0 12,000.000 0 0 0 0 0 0 0 0 0 0 0 0 2;102;734 28,804,180 49,994;620 31,774,761 17,004,943 25,262,163 662;207 1,085;452; 2,133,129, 1,365,207' 1;179;968 1,195467 7621,430` 106.378 103,724 341,000' 236,000 106;000 66000 -_ 961f102' 3;085;929 3;318;511 3,565 3,793,425 3,983,096 4;182251 21928;863 - - 133,219 250,221 4,647;000 4;560,601 785;000" 3;300 000 1,873;685 1;990,651 0 0 '0; 0 336' 2,346;800 2;140;000 3,031,486' ..2,929,005 2, 939 _ '3j 132 = 16�519201r; 300,000 300,000 0. 0 0 0 600 000;:; 0. 1,300,000 0 0 0 0 1300`000;:` 0 :54 246,000 0 A 0' 300;000'. 8,510,218 10,542;559 13;964,265 12,884;238 8,993,870 11,875 823 Z66 770 973-: 372,079 198.821 0 0 0 0 = 570;70C 481,950 1,810;050 15,453,699 12,992727 6 - (67 , 332) #37;092;561 _ 2,738,487 16;252;950 20,576 5,897,795 1.589.806 13.453 6721 3 453 6711, 4/1312004 12: 0CDCF5YearlmplementationP lanAnalysis041104 PCDC detail 4 ,�' Funds, 5520,3400 0' REVENUES AND EXPENDITURES BY PROJECT AREA COMMUNITY DEVELOPMENT PROJECT AREA 1 BEGINNING CASH BALANCE 2 CASH WITH FISCAL AGENT (BOND PROCEEDS) 3 REVENUES 4 41110 Property Tax, Increment 5 43410 Interest Earnings 6 43410 lnterestEarnings from Inlerfund Loan 7 44310 Intergovernmental 8 48010 .Miscellaneous Revenues' 9 48010 ; Property Owners'Contribulio_ns - 10 TOTAL REVENUES 11 12. BOND PROCEEDS 1 3 49810 Gross 2000 Bond Proceeds - '14 49810 , Gross Bond Proceeds 15 Proceeds of 1992; Bond Reserve 16 17 TOTAL BOND PROCEEDS 18 19 TOTAL CASH, REVENUES AND BOND PROCEEDS 20 21 EXPEN 22 Admmfstraton ^ 23 P201000 Project Administration 24 C260203. Bassett Street Remodel 25 P201000 Cost'. of Issuance for 2000 TABS, 26 P201000 PCD Plan Amendment & EIR(Seifel) 27 P201000 PCD TAB Fiscal Svcs 28 P201000 SB- 2557 County Collection Fee 29.. P201000 Kenilworth Appraisal' 30 P201660 .Marina Hotel Study. 31 P20,1000 P.rojtAFea Alternatives Analysis (Seifet #2) 32 P201000 General Plan,Update 33 P201000. AB 1768 (ERAF) Sliift to State of California 34 P201000, RealProperty 'Purchase (27 Howard) 35 'Intragovemmental'Charge ' 36 Subtotal Administration 37 38 Prog Expenditures gg. - = 39 P201070 URM Project - - 40 P201040 Landscape.lmprbvements 41 P201090 Economic Development Promotion PETALUMA COMMUNITY DEVELOPMENT PROJEEA REVENUES & EXPENDITURES IMPLEMENTATION PLAN FIVE-YEAR FORECAST FY 01 -02 FY 02 -03 FY 03 -04 FY 04 -05 FY 05 -06 Actual Actual Midyear Proposed Projected Forecast 1,828,322 2,738,487 6,550,685 6,624,691 5,897,795 1,589,806 11,751,987 9,702,065 13;951,765 0 0::'';1],751;987 9,787,076 10,450,315 8,91 9,357,023 9,824,674 10,316 117 - '158 646 854 -: 474,285 368,809 820,000 720,176 206,423 _ 55,643 - 2 645,336:: 0 12,376 80 621,106 1,075,852 1,300 596 ,'- 3 090j151` 0 3,482,118 300,000 500;000 0 0 - <: 4 282; 11,118 13,051 88; 0 0 00- °13739; 10;274,412 14;313,706 10,111,670 11,198;305 11,107,148 19,672357 - :: 0 0 0 0 0 0 0 23,630,000 0 0 12,000 000 n_35 630 o00a„ 0 0 �0 0 0 0 0 23,630,000 0 0 12,000 %''35 630;000,, 12,102,734 28,804,180 49,994,620 31 17,004,943 25,262163 .:117887907,: 164,894 277,669 406;800 350 350,000 350,000 , -:`- _ 0 10 0 0 0 0 10 490'i 0 0 788,138 0 0 0 = -. f.- ,288;738 0 0 10,000 200,000 0 0 , 210 000'.. 0 0 0 0 0 0 ',� 0, 121,563 145,650 155,950 163,748 171,935 180,532 0 0 25,000 0 0 0 0 0 0: 0 0 O :0 0 0 0 0 0 0 0? 186;000 109,400 109;400 _ 0 0 0 0 250,173 512,641 520,000 .520,000, 520,000 0 1;250 0 0 0 0 189,750 290,800 125,200 131,460 138,033 144.935 -1 020,178 -: 662,207 1;085,452 2,133,129 1,365,207 1,179,968 1,195467 7;621;430' 0 77 1,000 1,000, 1,000 1 4 07T -• 83,335 73,866 100;000 80,000 50,000 10,000 .` - -- 397i20 0 0 5,000 5,000 5,000 5,000 ,,.,., ...20,000,` • 4/13/2004 12:32 PM PCDCF5YearlmplementationPlanAnalysis041104 PCDC detail 5 Funds 5520, 3400 PETALUMA COMMUNITY. DEVELOPMENT PROJECT AREA REVENUES& EXPENDITURES IMPLEMENTATION, PLAN FIVE- YEAR'FORECAST REVENUES AND EXPENDITURES,BY PROJECT AREA FY 01 -02- ' FY 02 -03'. FY 03-04 FY 04 705 FY 05 -06 FY 06 -07 Actual Actual Midyear Proposed . Projected Projected Forecast 42Progra�Expendltures (Goatlaued) „' 43 P201090 Retail;Study (Leakage). - �LOK!.Petaluma 0 0 '. 100;000 25,000 25;000 2 44 ;P201010 Manna Hotel OPA 1.130 2,239 10,000 0 0 0 45 P201030 Auto;P.laza ProjecUlndustriaLAve. Site Prep 0. 3,698 100,000 100!000 '0 0 46 P201010 Assessment Credits 23,913 23,844 25;000. 25,000 25,000 25,000 47 Subtotal. Program Expenditures 108,378 103,724 341;000 236;000 106,000 66,000 48 49 50 _ P201000 Passthrough.PaymentstoOthers 3 3;318;51 3;565,650 3,793;425 3,983,096 4,182251 51 52 CapiEalmp %vementPha�ects 1 Central 53 Petaluma'Specific'Plan 79,583 154,321 0 0 0 0 54 Corona Road Highway Improvements 0 0 0 0 0 0 55 Brownfield'§ EPA Studies 0 0 5,000 0 0 0 56 Kenilworth /Fairgrounds °Circulation Improvements 0 0 0 0' 0 0 57 C200304 Road /Streetscapelmprovements 0 0 3,000,000 2,460 0 0 58 Lakeville Highway (Washington to Caulfield) 0 0 0 ;853,000" 0 3,000;000 59 C200503 River Trail Enhancement 53;636 95;900 1;379;000 826,601 0 0 60 C200904 Ulility:Undergoundin9�Studies & Projects 0 0 '50;000 0 400,000 0 61 C200204 Gateway Landscaping & Capital Improvements 0 0 210,000 421;000 385 300,000 62 C200104. Caufield Extension 0 0- 3,000 0 0 0 63 Subtotal Capltal-lmprovement Projects 133,219 250,221 4,647,000 4;560;601 785,000 3;300,000 64 65 66 TOTAL EXPENDITURES 3;969,733 4,757,908 10,686,779 9,955;233 6,054,065 8,743,718 4/13/2004 12 : 3 10�CDCF5YearlmplementationPlanAnalysis041104 PCDC detail 6 • Funds ,5520,,3400 :� PETALUMA COMMUNITY DEVELOPMENT PROJ EA REVENUES &EXPENDITURES IMPLEMENTATION PLAN FIVE -YEAR FORECAST = REVENUES AND EXPENDITURES BY PROJECT AREA FY 01 -02 FY 02 -03 FY 03-04 FY 04 -05 FY 05 -06 FY 06 -07 FY 2001 02: •Actual Actual Midyear Proposed Projected Projected -,FY2006 -07 - - , Forecast TRANSFERS OUT 67 Transfers to Low /Mod Housing Fund 903 :1',873,685 1,990,651 0 0 0 0 68 Transfers out to Debt Fund .904 69 Tax Allocation Bonds (1992A) 0 0 0 0 0 0 01 .. - 70 Surety for 1992A TABs.(in lieu: of Reserve) 0 0 0 0 0 0 - 71 Tax Allocation Bonds (2001 A) •�, 433,700 406,500 403,900 404,800 400,400 405,500 72 Tax Allocation Bo 2007 nds ), 0 _ 0 0 0 0 0 _0" 73 Tax Allocation bonds (2004) 0 0 5441936 1,072;005 1;072;005 1,502 005 4,190,957 ., 74 Tax AllocationBonds'(2000) 1,112;200 1;118,120 1 1,104,200 1;107,900 1,101200 6654020. 75 Agreement Obligations(AD19 &Be6son) 800;900 615;380 972,250 348;000 3 123;400 3 219A30' 76 Transfers Out to Transient Occupancy Tax Fund Z7 Economic Development/Tourism Promotion via PVB 300,000 300;00 0 0 0 0 600 000 78 Transfers Out,to Traffic Furid. 79 McDowell /E. Washington Widening 0 1,300 0 0 : 0 0 = 1 300000 80I Transfers Outto Marina Fund 607 _- 81 Operations /Debt 'Service Shortfall 0 0 0 0 0 0 82 _ Manna` Dredging ' 0 54,006 246;000 0 0 0 = 300000' 83 Transfers Out to Storm Drain Mitigation Fund 210 84 Payran Reach Flood Management Project 0 0 0 0 0 0 0, 85 Turning Basin Dredging 0 '0: 0 - 0 0 0 - '.0 86 Transfers Out to CDB Fund 901 0 0 0 0 0 0 87 Subtotal Transfers Out 4,520;465 5,784 3,277,486 2,929,005 2,939;805 3,132 105 ' <22 583 537, =, 88 CHANGE IN ASSETS /LIABILITIES 372,079 198,621 0 0 0 0 570 700 89 CURRENT INTERFUND LOAN TO FUND 907 481,950 1,810,050 15,453;899 12,992,727 6,421,268 (67 X 37 092 56'1 91 TOTAL EXPENDITURES, TRANSFERS OUT, CHARGES 92 AND INTERFUND LOAN 9,364,247 12,551,230 29,418,164 25,876;965 15,415,137 11,808491 .104,434,234. - 9 3 94 ENDING CASH BALANCE 2,738,487 16,252,950 20,576;456 5 1,589,806 13,453 672 = 13 453 95 - 96 � 97 CUMULATIVE MTERFUND LOAN TO,CBD FUND 901 481,950 2,292,000 17,745,899 30,738,626 37,159;894 37;092 561 _37 092,567 ; 4/1312004 12:32 PM PCDCF5YearlmplemenlationPlanAnalysis041104PCDC detail 7 FUND 2130 LOW &MODERATE INCOME HOUSING FUND - REVENUES & EXPENDITURES IMPLEMENTATION PLAN - FIVE -YEAR FORECAST REVENUES AND EXPENDITURES BY PROJECT AREA FY 01-02 FY 02 -03 FY 03 -04 FY 04 -05 FY 05 -06 FY 06-07 FY 2001 -02ao: Actual Actual Midyear Proposed Projected Projected FY20060 Forecast . - -.. LOW /MODERATE INCOME HOUSING FUND .BEGINNING CASH, REVENUES & TRANSFERS IN 1 Beginning Cash Balance 2 Tax, Increment Revenue 3 Other Revenues 4 Transfers In from. Other Funds 5 TOTAL CASH, REVENUES`& TRANSFERS IN 6 `7 EXPENDITURES & TRANSFERS OUT 8 9 Project'Adminislralion 10 Projects 11 Homelessness .(Prevention, Shelter, Services) 12 Transitional,Housing 13 Family :Renlal Projects 14 SeniorProlects /Programs 15 Homeownership /Rehabilitation =Programs 16 CommunityiRevitalizalion Programs 17 TOTAL EXPENDITURES' 18 LOAN TO CITY HOUSING FUND 19 CHANGES INASSET &.LIABILITIES 20 ENDING CASH BALANCE' 21 22 23 24 25 ESTIMATED AVAILABLE CASH. BALANCE IN 26 HOUSING IN -LIEU FUND: 1;247,711 1,275;593 475399 1,049,462 538;83,1 2;601375 = 1247711 0 0 2,343,728 2,473;805 2,61,1;102 2,756018 ' 101846_5: 148-145 121,180 18 64;250 43!231 126 '- 687 503 1,980,459 2,1;18;293 0 0 0 0 "' 4 098 762 3,376,325 3,515;066 3;003;427 3,587,518 3,193;164 5 x':116;218;629 188;326 313,727 403,065 365,287 382,389 400,260 `' - 2;6 ;65 4 663,599 0 0 0 0 0 ZZ; 663,599 .74,349 0 67,500 72,500 67,500 67 3419:349_ t 440,974 857;187 29;400 29,400 29,400 29,400 ; - 1 415 761 319,799 465,237 1,053,000 '1977,000 8,000 8000 .;; 3631036.= 290,671. 19,555 101;000 602i50o 102;500 102500 _ 1218726:' 59 „177 ;3;250 300,000 2000 .2,000 2 000 368 427 -` 2,036,895 1,658,956 1,953,965 3,048;687 591,789 609 -:= %899;952a 0 1,511 0 0 0 0_ 1511200._ 63,837 6130.4891 0 n. n r , 5,486,886 2,725;298 1,485,500 1,500,000 1,850,000 2,200,000 ;I 4 /: 13 / 2004 3 9CDCF5YearlmplementationP lanAnalysis041404 PCDC detail 6 �i Fund 2130 REVENUES AND EXPENDITURES BY PROJECT AREA LOW /MODERATE INCOME HOUSING 1 BEGINNING CASH BALANCE 2 3 REVENUES 4 Tak Increment Revenue 5 I nvestment l nterest 6 Mobile Home Rent Control Ad_min 7 Charges'foi Services e Intergovernmental f Revenue .9 Other Revenue, 10 TOTAL REVENUES.,. 1 . 1 G . 12' TRANSFERSdN /LOANS =13. From ;PCDCProjeclAreas -14 _ From City Housing in- Lieu'Fund 15 TOTAL TRANSFERS,IN 16 17 TOTAL CASH, REVENUES & TRANSFERS IN 18 EXPENDITURES 19 Homelessness (Prevehhon �S�heBer`Servtces) 20 P202305 Rental Assistance Program (PPSC) 21 P202306 Mediation Assistance. Program (PPSC) 22 P202101 Family ShelterPrograrn/Mainl (COTS) 23 P202103 Homeless Shelter /Opportunity Center 24 P202102 Armory Facility Set Aside 25: Subtotal Homelessness 26 •27 �Transitwnaf Hotystn �"� � 28 P202070 Transitional Housing FPath {SARMY) 129 P202100 .Emmaus House (COTS) 30. ..P202106 Supportive Shared Housing (COTS) _ 31 Subtotal Transltionallkousin_g 32 33 tFarftity',t2en(�I 34 Old Elm Village (BH) 35 P202030 Boys& Girls Club. 36 P201010 Low /Mod Existing Housing Support 37 P202200 CPSP.Area Housing (EDEN) 38 Subtotal Family Rentals LOW & MODERATE INCOME HOUSING Fl.� REVENUES & EXPENDITURES - - - IMPLEMENTATION PLAN FIVE -YEAR FORECAST FY'01 -02 FY 02 -03 FY 03 -04 FY 04 -05 FY 05 -06 FY 06 -07 FY 2001 -02 to Actual Actual Midyear Proposed Projected Projected : :TY. 006;07 7 Forecast 1 1,275,593 475;399 1,049,462 538,831 2,601,375 0 .0 '2,343,728 2,473.805 2 2,756,018 117:725 73;472 15,000 41,900 20;881 104,046 2;805 5,370 1950 5,000 5;000 5,000 12,37 12,375 12,350 12,350; 12,350 12,350 11,417 _ 29,963 150,000 ' 0 0 0 3,823 0 U66 5,000 5;000 5;000 148,145 121;180 2 2,538,056 2;654;333 ' 2;682;414 1,980,469 2,118,293 '0 .0 _ 0 6 '0. 0' '0. 0 0. .0 1:980,469 2,118,293 = 0 0 0 0 3,376,325 3,515,066 3,003,427 3,587,518 3;193;164 5 21,333 95,000 228,374 291,216 27,676 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n 663,599 66,949 0 40 100,000 28,122 312,812 440,974 0 0 0 0 0 60,000 65,000 60,000 0 0 0 0 0 7,500 7,500 7;500 0 67,500 72,500 67,500 0 0 0 0 0 0 0 0 28,764 29 29,400 29,400 828,423 0 0 0 857,167 29,400 29,400 29,400 0.' 0 0 0 0, 0 60,000 0 7,500 67,500 0 0 29 0 29,400 7,711':: 4113/2004 12:32 PM PCDCF5YearlmplementationPlanAnalysis041104 PCDC detail 9 Fund 2130 REVENUES AND EXPENDITURE&BY PROJECT AREA E Semor/ S�pecta�Ne�roieeJ�Pragg�s� !�.�_. __:�: 40 P202300 Casa Grande.(PEPj 41 P202010 Mobile Home Rent Control 42 P202040 The Boulevard(Buckelew Programs) 43 P202303 Senior Housing Rehab /Prop Acquisition (PEP) 44 P202303 Senior Housing Rehab /Prop Acquisition (PEP) Wood 45 P202303 Senior Housing Rehab /Prop Acquisition (PEP) South 46 P202302 Lieb Dougl s: Street SeniorProject'(PEP) 47 Subtotal Senior'. Projects 48 49 ¢tloeownershipehabilitatlon *Programs''_ 50 P202011' Mortgage Certificat Program 51 P202002 Facility Maintenance & Rehab 52 Below Market Rate'Adrnlw 53 P202080 Vietnam.Vetraris oi,CA: Rocca Drive Rehab 54 P2027 ? ? Work Force Housing 55 P202060 "Rebuilding Together" Housing Rehab _ 56 Subtotal Homeownership /Rehabilitation 57 58 C m ty Revi l izatiorograms 59 P202400 Ellwood Opportunity Center: - UST Monitor 60 P2020_20 Neighborhood Revitaliza Lion /Oid!EaslPetaluma NA _ 61; , Subtotal :Community Revitalization 62 69 Adt tt l t " t1 ttOC�IPro�"ra • tttS 7q M' , `;' 64 P202000 Intragovemmental .Charge 65 P202000 SB 255T County .Collection Fee 66 P202000 General Plan Administration 67 P202000 Housing Projects, Management 68 Subtotal' Administration 69 70 TOTAL EXPENDITURES ' 71 72 TRANSFERS OUT/ LOAN TO CITY HOUSING FUND 73 CHANGES IN ASSETS & LIABILITIES 74 - .75 TOTAL EXPENDITURES, TRANSFERS & OTHER 76 - 77 ENDING CASH; BALANCE 78 - 79 80 81 Estimated Available Cash in Housing In -Lieu Fund. 1;275 LOW & MODERATE INCOME HOUSING FUND 1;049;462 538,831 2,601,375, REVENUES &,EXPENDITURES --' IMPLEMENTATION. PLAN 5,486,886 2,725,298 FIVE -YEAR, FORECAST 1,850 2,200,000 FY 01-02 FY 02-03 FY 03 -04 FY 04 -05 FY 05 -06 FY 06 -07 FY 2001 -024 o Actual Actual Midyear, Proposed Projected Projected °FY 2006 -07 4 Forecast 0 7,028 395000 975,000 0 0 ;377;028, 10;823 7,630 8,000 2;000 8;000 8 _ 44 453 0 250.000 0 0 0 " 250 000= 0 300 100,000 0 0 0 400 6Z6 •.0 - 0 '0 900;000 0 0 900000[ 0 0 0 100 0 0 100 308,976 149,903 300,000 0 0 0 - 758 879= 319,799 465;237 1,053,000 1,977,000 8,000 8,000 .: 3 631 036 -: 0 0 1,000 2,500 2,500 2,500 ,. 8 500 226,208 15,798 100,000 100 100,000 100,000 "'7 642 006 16 0. 0 0 0 0 •- 16 967;e 0 3;757 0 0 0 0 0 0 0 500;000 0 0= 500,000 _' 47,496 0 '0 0 _ 0 0 47 496' 290;671' 19,555 101,000 602,500 102,500 .102 500 i; 1 218 726' 59,087 0. 150,000• 2;000 2,000 2,000 - 215'0870 90 3,250 150;000 0 0 0 _ 153 340 59,177 3,256 300 ?2;000 2 2,000 ' 34,000 63 65,500 68;000. 70,000 72.000 = 372 850 i: 0 38;716 41,015 43,292 45,694 48,236 6 54,700 54,650 0 0 0 116,100?? 147,576 156 241,900 253,995 266,695 280 7 56" 188,326 313,727 403,065 365,287, 382,389 400,260 _. 2 053`054 2;036;895 1,658 1,953,965 3,048,687 591,769 609,660 9 899 952" 01 1,511 0 0 0 0 >1511200ii 63;837 (130,489). 0 0 2,100 3,039;667 1;953,965 3;048,687 591789 609660 1:11344 ° snn, - 1;275 475,399 1;049;462 538,831 2,601,375, 4 5,486,886 2,725,298 :1,485,500 1,500;000 1,850 2,200,000 4/13/2004 12 : CDCF5Yearlmplemen tationPlanAnalysis041104 PCDC detail 10 FUNDS 4510,4620,4630,4640,4650 REVENUES AND`EXPENDITURES'BY` PROJECT AREA DEBT SERVICE FUND REVENUES &EXPENDITURES IMPLEMENTATION PLAN FIVE -YEAR FORECAST FY 01'-02 FY 02 -03 - FY 03 -04 FY 04 -05 FY 05 >06 FY 06 -07 Actual Actual Midyear Proposed Projected Projected Forecast DEBT SERVICE FUNDS BEGINNING CASH, REVENUES: AND TRANSFERS IN 1 Beginning Cash Balance . 2 Other Revenues 3 Transfers in from Other Funds 4 5' TOTAL'CASH . „REVENUES AND TRANSFERS IN 6' 7 . 'EXPENDITURES, TRANSFERS OUT - &RESERVES . 8 . 9 Debt- Service Payments 10 Transfers Out to'OlherFunds 11 Defense 1984 TAB, 12 TOTAL EXPENDITURES, TRANFERS OUT & RESERVES 13 14 CHANGES IN ASSETS & LIABILITIES 15 16 ENDING CASH BALANCE 1,449,034 860;765 163,619 ,164;722 165;841 166987 - _ 14490347 30,027 .21,647 4103 4118' ,4;146 4,175 _ 68,21 2,395,400 2,269,900. 3;170 3,068,005 3,075;805 3,669 105 w 17 648 701 3,874,461 3.1 72,332. 3,338,208 - 3.236 3,245,792 3,840 266 ;' 19 165 95]f 2,993,676 .3,008,541 3,173,486 3 3,076;805 3,670 705 18 996 218 "'' 0 0 0 0 0, 0 ' 0 0 0 0 0 2,993;676 3,008,541 3,173,486 3,071,005 3 3,670 705 ';18,996,218 0 172 0 0 0 0 174` 680,785 163,619 164,722 165;841 166,987 169,561 169'561 4/13/2004 12:32 PM PCDCF5YearlmplementationP lanAnalysis041104 PCDC detail 11 FUNDS 4510,4610,4620;4630,4640,4650 REVENUES AND EXPENDITURES BY PROJECT AREA DEBT SERVICE 17 BEGINNING` CASH BALANCE 18 19 REVENUES. AND TRANSFERS IN 2b InteresGEarnings 21 Other, Revenue 22 `New :2000B TAB Proceeds 23 'New 20038 TAB Proceeds 24 TOTAL REVENUES 25 26 TRANSFERSIN 27 28 TOTAL CASH, REVENUES AND TRANSFERS IN 29 30 ' EXPENDITURES + AND - TRANSFER&OUT 31 32 P201000 Audit ?Fee §, 33 1992A Taz-AllocationBonds 34 4620 2001A,Tax Allocation Bonds 35 4650 AD #,19 :Auto Plaza,(Publi0rnp.) 36 4646 Auto'Plaza Note (Benson Land Repay) 37 4610 2000A'Tax Allocation Bonds (PCD) 38 4510 20006 Tax Allocation Bonds (CBD) .39 .4630 2004A`Tax Allocation Bonds.(PCD) 46 - 2007 A Tax AllocationBonds,(PCD) 41 0000 2006A 42 New TAB'Costof Issuance 43 TOTAL. EXPENDITURES 44 45 TRANSFERS OUT 46 47 48 TOTAL EXPENDITURES AND TRANSFERS OUT 49 50 Changes In Assets '8, Liablitttes 51 '52`. ENDING CASH BALANCE - 0 172 0 0 0 5 163,619 164;722 - 165;841 166;987 0 DEBT SERVICE FUND REVENUES & EXPENDITURES IMPLEMENTATION PLAN FIVE -YEAR. FORECAST FY 01. -62 FY 02 703 FY 03 -04 FY 04 -05 FY 05 -06 FY 06 -07 Actual Actual Midyear Proposed Projected Projected Forecast 1;449 880;785 163;619 164;722 165,841 166,987 30,027 27;647 4,103 4,118 4,146 4,175 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30,027 21,647 4,103 4,118 4,146 4,175 2,395,400- 2,269,900 3,170,486 3,068,005 3.075,805 3,669,105 3,874,461 3 3,338,208 3,236,646 3,245,792 3 640 266 0 0 3,000 3,000 3,000 3,000 0 0 0 0 0 0 361,975 406;488 403,900 404;800 '400,400 405,500 121,337 1,14, 0 7 9 120,000 123,000 122,000 122,000 1;350;223 1,239;866 852:250 24000 237,500 0 1,113;518 1, L18;121 1,110,400 1,104,200 . 1,107 1,101,200 46;623 129,987 - ,139,000 -139,000 136,000 137,000 0 0 544'936 1,072,005 1,072,005 1,502,005 0 0 0 0 0 0 0 '0 0 0 0 400,000. 0 0 '.0 0 0 0 2,993,676 3,008,541 3,173,486 8,07.1;005 3,078,805 3,670,705 ". 0 0 0 0. 0 n 0 172 0 0 0 5 163,619 164;722 - 165;841 166;987 0