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					                    Brentwood Redevelopment Agency
                           List of Officers
                         Fiscal Year 2009/10
                               Robert Taylor
                                  Chairman
                               Erick Stonebarger
                                Vice-Chairman
                                 Chris Becnel
                                Board Member
                               Robert Brockman
                               Board Member
                                Brandon Richey
                                Board Member

                                Submitted by:
                               Donna Landeros
                              Executive Director
                                Pamela Ehler
                              Agency Treasurer
                                Gina Rozenski
                            Redevelopment Manager




City of Brentwood                                   Page 299
                          Brentwood Redevelopment Agency

                    Summarized herein are all revenues received by the Agency and expenditures
                    associated with the Operations & Project Fund, Housing Fund and the Debt
                    Service Fund. This budget details revenues and expenditures for the two merged
                    redevelopment project areas and the Low-Moderate Housing Fund. Additionally,
                    the budget details all debt repayments anticipated for each of the fiscal years as
                    well as Capital Projects that are funded by the Agency. Agency funds are
                    transferred, as needed, to the City to fund certain City Capital Improvement
                    Projects as detailed in the City's Capital Improvement Program Budget.




                                                      Mission Statement
                    It is the mission of the Brentwood Redevelopment Agency to implement redevelopment projects
                    in support of the City of Brentwood and to promote, establish, develop and support economic
                    development, business and affordable housing opportunities within the Merged Redevelopment
                    Project Area.




City of Brentwood                                                                                            Page 300
                              Brentwood Redevelopment Agency

                                                 Department Accomplishments
       Services
Operations and Projects
     Debt Service
Low-Moderate Housing      - Sponsored the Health & Safety Program. Five lower-income homeowners were assisted with
                          $16,500 of funding, with several applications currently in the approval stages.
                          - Implemented Downtown Façade Improvement Program. Six store fronts have been assisted with
                          $62,000 of funding, with one application currently in the approval stage.
                          - Acquired Davis Camp to eliminate a serious blight condition and relocated all residential tenants
                          in 2008 to decent, safe, sanitary housing. Completed on-site well abandonment and asbestos
                          inspections and commenced long-term lease with existing grocery market.
                          - Completed the first AB 1389 Pass-Through Report with full concurrence by the County Auditor.
                          - Facilitated three community visioning workshops for Downtown Streetscape Project and
                          approved the Downtown Streetscape Master Plan, Initial Study and Mitigated Negative
                          Declaration
                          Declaration.
                          - Commenced assemblage and environmental investigations for Downtown Parking Solutions and
                          completed parking structure concept as future developer marketing tool.
                          - Facilitated the assignment and close of escrow on 2010 Elkins Way at Sunset Industrial
                          Complex. Completed the selection process and opened escrow for 385 Carrol Court.
                          - Continued facilitation of City and Agency actions required to implement the Downtown Specific
                          Plan.
                          - Funded a portion of Downtown infrastructure improvements including new water and sewer
                          facilities.
                          - Extended redevelopment plan limits in accordance with SB 1045 and SB 1096.




City of Brentwood                                                                                                               Page 301
                        Brentwood Redevelopment Agency

                                                    Department Goals


                    - Prepare mandated 5-Year Implementation Plan for 2010/2014.

                    - Demolish residential structures at Davis Camp and complete lot line change for 200 Sunset
                    Court and 140 Jane Street.

                    - Complete construction drawings for Downtown Streetscape to prepare for bid & construction.

                    - Continue assemblage and environmental investigations for Downtown Parking Solutions.

                    - Facilitate completion of the Brentwood Boulevard Specific Plan, including EIR.

                    - Continue facilitation of Downtown retail and restaurant recruitment, retention and expansion
                    opportunities.

                    - Consider commercial, retail and industrial opportunities to promote long-term development
                    growth within the Merged Redevelopment Project Areas.

                    - Continue assistance and participation in affordable housing opportunities, as mandated by
                    Community Redevelopment Law.

                    - Issue $10M of lease revenue bonds to fund new community center to expand recreation, event
                    and social activities for the community and to support revitalization of Downtown.




City of Brentwood                                                                                                    Page 302
                                                                                                         Budget For Fiscal Year 2009/10
                                                                                REDEVELOPMENT AGENCY - TEN YEAR PROJECTION




                                     2008/09               2009/10               2010/11                2011/12           2012/13            2013/14          2014/15          2015/16        2016/2017        2017/2018

Fund Balance 7/01            $   20,394,233       $    23,517,203       $    14,497,346        $    14,900,802    $    15,453,869    $    16,214,197   $   17,200,335   $   18,442,480   $   19,972,365   $   20,495,142

Add:
 Revenues                        11,678,651            21,415,533            31,486,492              6,747,139          7,087,123          7,451,290        7,841,178        8,258,828       25,206,385        9,132,977

Total Revenue                    11,678,651            21,415,533            31,486,492              6,747,139          7,087,123          7,451,290        7,841,178        8,258,828       25,206,385        9,132,977


Less:
 Operations                       8,555,681            30,435,389            31,083,036              6,194,072          6,326,795          6,465,152        6,599,033        6,728,943       24,683,608        8,326,593

Total Appropriations              8,555,681            30,435,389            31,083,036              6,194,072          6,326,795          6,465,152        6,599,033        6,728,943       24,683,608        8,326,593

Revenue Over(Under)
 Appropriations (1)               3,122,970             (9,019,857)              403,456               553,067           760,328            986,138         1,242,145        1,529,885         522,777          806,384


Fund Balance 6/30            $   23,517,203       $    14,497,346       $    14,900,802        $    15,453,869    $    16,214,197    $    17,200,335   $   18,442,480   $   19,972,365   $   20,495,142   $   21,301,526


(1) Increase in operations cost includes the use of existing fund balance to fund capital improvement projects.




         City of Brentwood                                                                                                                                                                                    Page 303
                                                                                                     Budget For Fiscal Year 2009/10
                                                                                            REDEVELOPMENT AGENCY - SUMMARY




                                                                   2007/08                                                          2008/09                                                      2009/10
                                    Fund Balance         Actual                 Actual              Balance           Projected                 Projected           Balance           Budget                  Budget            Fund Balance
                                     & Reserves         Revenues             Expenditures          & Reserves         Revenues                Appropriations       & Reserves         Revenues             Appropriations        & Reserves
                                     at 6/30/07          07/08                  07/08              at 6/30/08          08/09                      08/09            at 6/30/09          09/10                   09/10             at 6/30/10

Merged Project

301 - Administration Fund       $       9,657,474   $     1,529,459     $        3,344,782     $      7,842,151   $     3,323,214         $        2,121,833   $      9,043,532   $    13,573,867      $       22,614,210   $            3,189

302 - Low & Mod Housing                 2,647,386         1,861,571                256,788            4,252,169         1,725,087                    410,983          5,566,273         1,660,333                 859,313           6,367,293

303 - Debt Service                      5,567,639         7,126,682              4,394,408            8,299,913         6,630,350                  6,022,865          8,907,398         6,181,333               6,961,867           8,126,864


     Total Merged Project       $      17,872,499   $    10,517,712     $        7,995,978     $     20,394,233   $    11,678,651         $        8,555,681   $     23,517,203   $    21,415,533      $       30,435,389   $      14,497,346




            City of Brentwood                                                                                                                                                                                                   Page 304
                                                        Budget For Fiscal Year 2009/10
                                                  REDEVELOPMENT AGENCY - REVENUE

                                                              2006/07          2007/08         2008/09          2008/09         2009/10
                                                               Actual           Actual         Budget         Projected         Budget
301 - Administration & Projects
        43300   Investment Income                       $      278,895   $      144,560   $      47,000   $     190,000   $       80,000
        43320   Rental Income                                        0                0               0          30,510           35,400
        43324   Land Sale Proceeds                           1,277,441                0         561,924         539,942                0
        46700   Other Income                                         0            3,222               0               0                0
        47303   Transfer from Debt Service                   1,288,689        1,381,677       2,562,762       2,562,762        3,458,467
        49950   Bond Proceeds                                        0                0       2,200,000               0       10,000,000

                Total Administration & Projects         $    2,845,025   $    1,529,459   $   5,371,686   $   3,323,214   $   13,573,867



302 - Low/Moderate Housing
        40075   Low Income Housing                      $    1,477,295   $    1,567,568   $   1,482,957   $   1,495,087   $    1,420,333
        43300   Investment Income                              107,249          175,786         140,000         230,000          240,000
        43324   Land Sale Proceeds                                   0          117,594               0               0                0
        46700   Other Income                                         0              623               0               0                0

                 Total Low/Moderate Housing             $    1,584,544   $    1,861,571   $   1,622,957   $   1,725,087   $    1,660,333



303 - Debt Service
        40070   Tax Increment                           $    5,909,179   $    6,270,270   $   5,931,830   $   5,980,350   $    5,681,333
        43300   Investment Income                              528,477          856,412         791,000         650,000          500,000

                 Total Debt Service                     $    6,437,656   $    7,126,682   $   6,722,830   $   6,630,350   $    6,181,333


TOTAL REDEVELOPMENT AGENCY REVENUE                       $ 10,867,225     $ 10,517,712    $ 13,717,473    $ 11,678,651    $ 21,415,533




        City of Brentwood                                                                                                     Page 305
                                                                    Budget For Fiscal Year 2009/10
                                        REDEVELOPMENT AGENCY - EXPENDITURE SUMMARY

Description

     Summarized herein are expenditures associated with the Agency's Operating/Administration/Capital Project Fund, Housing Fund and Debt Service Fund. This
     budget details expenditures for the two merged redevelopment project areas, including all debt repayments, statutory and negotiated pass-through payments, financial
     participation in commercial, industrial and housing projects with public and private entities, operation and administration expenses of the Agency, and Capital
     Projects that are funded by the Agency. Agency funds are transferred, as needed, to the City for funding of City Capital Improvement Projects as detailed in the
     City's Capital Improvement Program Budget.




                                                                2006/07                    2007/08                   2008/09                   2008/09                      2009/10
                                                                 Actual                     Actual                   Budget                  Projected                      Budget

Expenditure Summary
              Personnel                               $         443,803          $        511,316          $        795,560          $        793,460          $        923,227
              Interfund Services                                330,000                   346,500                   363,825                   363,825                   649,598
              Supplies and Services                             131,953                   137,037                   268,045                   169,295                   534,498
              Professional Services                              44,646                   284,100                   158,221                   201,236                   237,857
              Contribution to Other Agencies                  1 298 270
                                                              1,298,270                    39,974
                                                                                           39 974                   325 000
                                                                                                                    325,000                    50,000
                                                                                                                                               50 000                   322 600
                                                                                                                                                                        322,600
              Grants                                                  0                    57,149                   285,000                   170,000                   360,000
              Land / Right of Way                                     0                         0                 1,165,000                   785,000                         0
              Capital Projects                                3,928,189                 3,607,171                12,467,332                 2,562,762                23,904,210
              Pass Thru Agreements                            1,627,184                 1,643,431                 2,400,000                 1,552,000                 1,558,400
              ERAF                                                    0                         0                         0                   540,397                   575,000
              Debt Service                                    1,369,806                 1,369,300                 1,367,706                 1,367,706                 1,370,000

               Total                                  $       9,173,851          $      7,995,978          $     19,595,689          $      8,555,681          $     30,435,389

               Annual Percentage Change                                                                            145.07%                      7.00%                   255.73%




         City of Brentwood                                                                                                                                           Page 306
                                              Budget For Fiscal Year 2009/10
                                          Redevelopment Agency Summary


                                                2006/07          2007/08             2008/09        2008/09          2009/10
 Division #           Division                   Actual           Actual             Budget        Projected         Budget


  301-0001    Administration & Projects   $   3,109,085    $   3,344,782       $ 12,473,281    $   2,121,833   $ 22,614,210
  302-0001    Low/Moderate Housing            1,790,208          256,788            791,940          410,983        859,313
  303-0001    Debt Service                    4,285,679        4,394,408          6,330,468        6,022,865      6,961,867

              Total                       $   9,184,972    $   7,995,978       $ 19,595,689    $   8,555,681   $ 30,435,389

        Annual Percentage Change                                                    145.07%           7.00%         255.73%

Total Budgeted Full-Time Positions                 2.95             3.15               5.49             5.49           6.49




   City of Brentwood                                                                                                Page 307
                                                                       Budget For Fiscal Year 2009/10
Fund Title:                                    Administration & Projects                                Department:                          Redevelopment Agency
Fund/Division Number:                          301-0001                                                 Division:                            Administration & Projects
                                                                                                                                             Four-Year Expenditures
Performance Measures                                                                                                        2001/02
                                                                                                             $25,000,000
   - Close escrow on last parcel at Sunset Industrial Complex.
   - Prepare 5-Year Implementation Plan for 2010-2014.                                                       $20,000,000

   - Demolish residential structures at Davis Camp.                                                          $15,000,000
   - Achieve bid-readiness for Downtown Streetscape improvements.
   - Facilitate recruitment, retention and expansion opportunities in Downtown.                              $10,000,000


                                                                                                              $5,000,000


                                                                                                                    $0
                                                                                                                               FY 2006/07         FY 2007/08        FY 2008/09       FY 2009/10


                                                                      2006/07                 2007/08                          2008/09                          2008/09                           2009/10
                                                                       Actual                  Actual                           Budget                         Projected                           Budget

Expenditure Summary
               Personnel Services                          $          296,881       $         433,999         $                643,361             $            642,311          $            754,838
               Supplies and Services                                  467,667                 664,454                          773,672                          707,844                    1,373,569
               Internal Service                                        21,390                  20,835                           36,678                           36,678                        40,060
               Capital Outlay
                  p          y                                     2,323,147
                                                                    ,    ,                 2,225,494
                                                                                            ,    ,                         11,019,570
                                                                                                                             ,    ,                             735,000
                                                                                                                                                                   ,                      20,445,743
                                                                                                                                                                                            ,    ,

                 Total                                     $       3,109,085        $      3,344,782          $            12,473,281              $           2,121,833         $        22,614,210

                 Annual Percentage Change                                                                                    272.92%                            -36.56%                       965.79%

         Total Budgeted Full-Time Positions                              1.90                    2.60                                 4.44                          4.44                            5.24

Commentary

       Capital Projects funded by the Agency are included in this Fund, which account for $20M of the year's expenditures. Personnel, supplies and services are
       appropriately allocated between this Fund and the Housing Fund 302. Revenues consist primarily of bond proceeds to fund capital projects and transfers from Debt
       Service Fund 303 of tax increment receipts to fund personnel and general operational expenses.




            City of Brentwood                                                                                                                                                          Page 308
                                                                         Budget For Fiscal Year 2009/10
Fund Title:                                     Low/Moderate Housing                                      Department:                      Redevelopment Agency
Fund/Division Number:                           302-0001                                                  Division:                        Low/Moderate Housing
                                                                                                                                           Four-Year Expenditures
Description                                                                                                                2001/02
                                                                                                              $1,800,000

    - Demolish the residential structures at 200 Sunset Court.                                                $1,600,000

    - Continue to offer the Health & Safety Grant Program.                                                    $1,400,000

    - Continue assistance and participation in affordable housing opportunities.                              $1,200,000
                                                                                                              $1,000,000
                                                                                                               $800,000
                                                                                                               $600,000
                                                                                                               $400,000
                                                                                                               $200,000
                                                                                                                    $0
                                                                                                                              FY 2006/07        FY 2007/08        FY 2008/09       FY 2009/10


                                                                        2006/07                 2007/08                      2008/09                          2008/09                           2009/10
                                                                         Actual                  Actual                       Budget                         Projected                           Budget

Expenditure Summary
               Personnel Services                            $         146,922       $          77,317          $           152,199              $            151,149          $            168,389
               Supplies and Services                                 1,302,532                 174,780                      581,201                           201,294                       680,595
               Internal Service                                         12,754                   4,691                        8,540                             8,540                        10,329
               Capital Outlay
                  p          y                                         328,000
                                                                          ,                          0                       50,000
                                                                                                                               ,                               50,000
                                                                                                                                                                 ,                                0

                   Total                                     $       1,790,208       $         256,788          $           791,940              $            410,983          $            859,313

                   Annual Percentage Change                                                                                208.40%                            60.05%                       109.09%

         Total Budgeted Full-Time Positions                                1.05                    0.55                          1.05                            1.05                             1.25

Commentary

       Tax increment revenue for 09/10 is budgeted at a 5% decrease from 08/09 actuals to account for declining property values; 20% of tax increment revenues are
       deposited into this Fund. Due to decline in residential development throughout California and East County, development of affordable housing projects have also
       declined. The Brentwood Redevelopment Agency will continue to investigate partnership opportunities with qualified developers to provide affordable housing
       products for all income and age segments of Brentwood's population.




              City of Brentwood                                                                                                                                                     Page 309
                                                                     Budget For Fiscal Year 2009/10
Fund Title:                                   Debt Service                                              Department:                     Redevelopment Agency
Fund/Division Number:                         303-0001                                                  Division:                       Debt Service

                                                                                                                                        Four-Year Expenditures
Description
                                                                                                            $7,000,000

  Summarized herein are expenditures associated with the Agency's Debt Service Fund which                   $6,000,000

  includes bond payments and pass-through payments to other taxing agencies. Also included                  $5,000,000
  are transfers to the Operations and Projects Fund 301.                                                    $4,000,000

                                                                                                            $3,000,000

                                                                                                            $2,000,000

                                                                                                            $1,000,000

                                                                                                                  $0
                                                                                                                           FY 2006/07        FY 2007/08        FY 2008/09       FY 2009/10


                                                                    2006/07                   2007/08                      2008/09                         2008/09                           2009/10
                                                                     Actual                    Actual                       Budget                        Projected                           Budget

Expenditure Summary
               Supplies and Services                     $         949,806         $         934,300          $            917,706            $             917,706         $            900,000
               Capital Outlay                                    3,335,873                 3,460,108                     5,412,762                        5,105,159                    6,061,867

                   Total                                 $       4,285,679
                                                                  ,   ,            $       4,394,408
                                                                                            ,   ,             $          6,330,468
                                                                                                                          ,   ,               $           6,022,865
                                                                                                                                                           ,   ,            $          6,961,867
                                                                                                                                                                                        ,   ,

                   Annual Percentage Change                                                                                44.06%                           37.06%                           15.59%

Commentary

      Tax increment revenue for FY 2009/10 is budgeted at a 5% decrease from FY 2008/09 actuals to account for declining property values; 80% of tax increment revenues
      are deposited into this Fund. Principal and interest payments for bond debt service are paid from this fund. The increase of expenses from 2008/09 to 2009/10 is
      directly related to the transfer of tax increment reserves to Fund 301 for capital improvement projects and increased payments to the City for general support and
      services provided to Agency. Pass-through payments are also paid from this Fund and are not predicted to increase as a direct result of declining tax increment
      revenues (property taxes). An estimated ERAF payment to State of California was included in the budget as a precautionary measure.




              City of Brentwood                                                                                                                                                  Page 310
                                                        RESOLUTION NO. RA-154

    A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BRENTWOOD ADOPTING ITS 2009/10
                  BUDGET AND AUTHORIZING EXPENDITURES FOR FISCAL YEAR 2009/10

          WHEREAS, the Redevelopment Agency of the City of Brentwood (“Agency”) has reviewed the financial condition of the Agency; and

         WHEREAS, the Agency’s Merged Brentwood and North Brentwood Project Fund, Debt Service Fund, and Low/Moderate Housing Fund are
    financially stable and healthy; and

         WHEREAS, the Agency desires to memorialize its expenditure approvals for redevelopment projects and activities that will facilitate
    commercial, retail, and industrial development programs, public improvements and community facilities programs, and the assistance and
    participation in the expansion and improvement of the supply of very low, low and moderate income housing, while investing tax increment
    receipts and bond proceeds in projects that will generate increased tax increment; and

          WHEREAS, a duly noticed public hearing was held on June 9, 2009.

          NOW, THEREFORE BE IT RESOLVED AS FOLLOWS:

        Section 1. The Agency hereby finds and determines that the planning and administrative expenses in the Low/Moderate Housing Fund are
    necessary for the production, improvement, or preservation of very low, low and moderate income housing, and for programs and activities
    authorized under Health & Safety Code Section 33334.2.

        Section 2. The Redevelopment Agency of the City of Brentwood hereby adopts its 2009/10 Budget and authorizes expenditures for Fiscal
    Year 2009/10.

        PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the City of Brentwood at a regular meeting held on the 9th day of
    June 2009 by the following vote:

          AYES: Becnel, Brockman, Stonebarger, Taylor
          NOES: None
          ABSENT: Richey
          ABSTAIN: None

                                                                                     Robert Taylor
                                                                                     Robert Taylor
                                                                                     Mayor
ATTEST:
Margaret Wimberly
Margaret Wimberly, CMC
City Clerk




     City of Brentwood                                                                                                                    Page 311

				
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