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HomeMy WebLinkAboutRes 243 Project Area No. 3 INTEROFFICE MEMORANDUM CITY OF PALM DESERT DATE: JANUARY 24 , 1991 TO: HONORABLE CHAIRMAN AND MEMBERS OF THE REDEVELOPMENT AGENCY FROM: EXECUTIVE DIRECTOR, REDEVELOPMENT AGENCY SUBJECT: APPROVING THE PRELIMINARY REPORT, DRAFT REDEVELOPMENT PLAN, DRAFT METHOD OF RELOCATION, AND DRAFT RULES GOVERNING PARTICIPATION AND RE-ENTRY PREFERENCES FOR PROPERTY OWNERS, OPERATORS OF BUSINESSES, OR TENANTS IN PROJECT AREA NO. 3; AND AUTHORIZING CERTAIN TRANSMITTALS Recommendation: That the Agency Board approve Resolution No. 243 approving the Preliminary Report, Draft Redevelopment Plan, Draft Method of Relocation, and Draft Rules Governing Participation and Re-entry Preferences for Property Owners, Operators of Businesses, or Tenants in Project Area No. 3 ; and authorizing certain transmittals. Background: The California Community Redevelopment Law (the "Law") requires that the Redevelopment Agency prepare and distribute a Preliminary Report which contains (1) the reasons for selecting the project area; (2) a description of conditions which exist in the project area; (3) a preliminary assessment of the method of financing the redevelopment project; (4) a description of the specific projects to be pursued by the agency; and (5) a description of how the projects will improve the conditions in the project area. The Law also requires the Agency to distribute the Draft Environmental Impact Report and the Draft Redevelopment Plan to all affected taxing agencies. The primary purpose of the Preliminary Report is to provide taxing agencies with information to allow them to analyze any fiscal impact the Redevelopment Project may cause to their entity. The attached Preliminary Report discusses those items required by the Law. It identifies the conditions in Project Area No. 3 that necessitate the use of redevelopment to remedy, including older structures requiring rehabilitation, lack of and deficient infrastructure improvements, inadequate off-street parking, and the lack of adequate public recreation facilities and open space. palmdst`,prrpta Approximately $ 104 , 056 , 000 of potential project costs have been identified in the Preliminary Report . This estimate includes the cost of public improvements , and other potential costs that can be identified ; it does not include the 20 percent housing set- aside fund requirements . The list of projects incorporated into the Preliminary Report and Draft Redevelopment Plan is preliminary . As an example , a project currently not listed is the People Mover System . This project is currently being analyzed as to whether it will benefit the project area and to what extent . Additional projects are also contemplated when Staff meets with residents and landowners in the area . The final Redevelopment Plan does not require Agency approval at this time . The Agency/City Council is scheduled to consider the final Redevelopment Plan after receiving input from the public and taxing agencies . Agency approval to transmit the Draft Redevelopment Plan will allow these bodies to proceed with their review . The Draft EIR is being prepared by Cotton/Beland/Associates pursuant to the California Environmental Quality Act ( CEQA ) . It reviews the potential environmental impacts resulting from implementation of the Redevelopment Plan . The attached resolution authorizes transmittal of the Draft EIR , upon its completion , to the affected taxing agencies , the State Clearinghouse and all other environmental review agencies for the mandated review period . Although the proposed Draft Redevelopment Plan contemplates no activities which will result in displacement , either temporary or permanent , the Law requires the Agency to prepare a method of relocation of persons and families who are displaced from Project Area No . 3 . The attached resolution authorizes Agency staff to make the Draft Method of Relocation available for inspection by interested persons . The Law also requires the Agency to provide for participation in the redevelopment of the Project Area by persons who own real property or are engaged in business in the Project Area . The attached resolution authorizes the Agency staff to make the Draft Rules Governing Participation and Re-entry Preferences for Property Owners , Owners of Businesses , and Tenants in Project Area No . 3 available for inspection by interested persons . The Law also requires the Agency to provide for participation in the redevelopment of the Project Area by persons who own real property or are engaged in business in the Project Area . The attached resolution authorizes the Agency staff to make the Draft Rules Governing Participation and Re-entry Preferences for Property Owners , Owners of Businesses , and Tenants in Project Area No . 3 available for inspection by interested persons . 0)9627 Carlos L . Ortega Executive Director Attachments RESOLUTION N0. A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY APPROVING THE PRELIMINARY REPORT, DRAFT REDEVELOPMENT PLAN , DRAFT METHOD OF RELOCATION , AND DRAFT RULES GOVERNING PARTICIPATION AND RE-ENTRY PREFERENCES FOR PROPERTY OWNERS, OPERATORS OF BUSINESSES, OR TENANTS IN PROJECT AREA NO . 3 ; AND AUTHORIZING CERTAIN TRANSMITTALS THE PALM DESERT REDEVELOPMENT AGENCY DOES HEREBY FIND , DETERMINE RESOLVE AND ORDER AS FOLLOWS : Section I . The Agency by its Resolution No . 237 authorized Agency staff to prepare , and Agency staff has Method of Relocation , Draft Rules Governing Participation and Re-entry Preferences for Property Owners , Operators of Businesses , or Tenants in Project Area no. 3 (the "Rules" ) . Section 2 . The Agency has received from the County of Riverside the report required by Section 33328 of the Health and Safety Code. Section 3 . The Agency hereby approves the Preliminary Report , Draft Redevelopment Plan , Draft Method of Relocation , and Draft Rules presented to the Agency at this meeting and now on file in the Office of the City Clerk substantially in the form and content attached hereto. Agency staff and the redevelopment consultant are hereby authorized to make such modifications to the foregoing as may be appropriate in the circumstances . Section 4 . The Agency hereby authorizes and directs Agency staff to make the Draft Method of Relocation and the Draft Rules available for inspection by all interested persons in the office of the City Clerk . Section 5 . The Agency hereby authorizes and directs Agency staff to transmit the Preliminary Report to each affected taxing agency and appropriate County officials as required by Section 33344 . 5 of the Health and Safety Code . Section 6. The Agency hereby authorizes and directs Agency staff to distribute the Draft Redevelopment Plan and , when available, the Draft Environmental Impact Report ( "DEIR" ) to the Planning Commission of the City of Palm Desert and to all affected taxing agencies and appropriate County officials for their review and comment pursuant to Sections 33353 . 4 (a ) and 33333 . 3 of the Health and Safety Code, and to transmit the DEIR to all other appropriate entities and to make the DEIR available for public review in accordance with the California Environmental Quality Act and the State and local guidelines promulgated with respect thereto. RESOLUTION NO. Section 7 . The Agency hereby authorizes and directs Agency staff to prepare all information , reports , findings , responses , studies , assessments and other documents necessary or appropriate under the California Community Redevelopment Law in connection with proposed Project Area No. 3 and to make all appropriate or necessary transmittals in connection therewith . PASSED , APPROVED AND ADOPTED this 24th day of January , 1991 . AYES : NOES : ABSENT : ABSTAIN : Walter H. Snyder , Chairman ATTEST : Sheila R . Gilligan , Secretary 2 PRELIMINARY REPORT FOR PROPOSED PROJECT AREA NO. 3 OF THE PALM DESERT REDEVELOPMENT AGENCY January, 1991 Prepared for: Palm Desert Redevelopment Agency 73-510 Fred Waring Drive Palm Desert, California 92260 (619)346-0611 Prepared by: Rosenow Spevacek Group,Inc. 540 North Golden Circle,Suite 305 Santa Ana,California 92705 (714) 541-4585 TABLE OF CONTENTS INTRODUCTION 1 SECTION A: REASONS FOR SELECTING THE PROJECT AREA 2 SECTION B: A DESCRIPTION OF THE PHYSICAL, ECONOMIC AND SOCIAL CONDITIONS IN THE PROJECT AREA 7 Regional Location 7 Existing Physical Conditions 7 Existing Land Use 8 Age, Obsolescence, Deterioration, and Dilapidation 11 Defective Design and Character of Physical Construction 13 Faulty Interior Arrangement and Exterior Spacing 14 Inadequate Provisions for Light, Ventilation, Sanitation, Open Spaces and Recreational Facilities 15 Inadequate Public Improvements 16 Circulation System 16 Storm Drain System 17 Sewer System 17 Existing Social and Economic Conditions 18 SECTION C: PROPOSED METHOD OF FINANCING THE REDEVELOPMENT OF THE PROJECT AREA 21 General Financing Methods Available to the Agency 21 Financial Assistance from the Participating Jurisdictions, State, and/or Federal Government 21 Property Tax Increment Revenue 21 Bonded Debt 22 Lease or Sale of Agency-owned Property 22 Participation in Development 22 Other Available Sources 22 Proposed Redevelopment Activities and Estimated Costs 23 Estimated Tax Increment Revenue 23 Assessment of the Economic Feasibility of the Project 24 Reasons for Including Tax Increment Revenue Provisions in the Plan 25 SECTION D &E: DESCRIPTION OF SPECIFIC PROJECTS PROPOSED BY THE AGENCY AND HOW THESE PROJECTS WILL ALLEVIATE CONDITIONS DESCRIBED IN SECTIONS A AND B ABOVE 28 Public Improvement Projects 31 Community and Cultural Facilities 32 Community Development Programs 33 Housing Programs 33 EXHIBITS EXHIBIT A: PROJECT AREA MAP EXHIBIT B: REGIONAL LOCATION MAP ATTACHMENT A INTRODUCTION The Palm Desert Redevelopment Agency ("Agency") is undertaking proceedings to adopt a redevelopment plan (the "Redevelopment Plan") for Project Area No. 3 (the "Project Area") of the Agency. The Project Area consisting of approximately 764 acres is outlined in Exhibit A. The Redevelopment Plan will not initiate any changes in land use or directly implement any specific private development proposals. Instead, the Redevelopment Plan is designed to assist the Agency in its efforts to correct deficiencies in the Project Area, including public infrastructure and facility deficiencies, promote property rehabilitation and economic development; and to facilitate redevelopment and revitalization activities. The Redevelopment Plan would be implemented over a 40 year period. Pursuant to Section 33344.5 of the California Community Redevelopment Law, Health and Safety Code, Section 33300 gI. ugq. (the "Redevelopment Law"), this Preliminary Report must be submitted to each affected taxing agency that levies property taxes within the proposed Project Area. This Report presents the following: A. The reasons for selecting the Project Area. B. A description of the existing physical, social, and economic conditions in the Project Area. C. A preliminary assessment of the proposed method of financing the redevelopment of the Project Area, including an assessment of the economic feasibility of the project and the reasons for including a provision for the division of taxes pursuant to Section 33670 of the Redevelopment Law in the Redevelopment Plan. D. A description of the specific project or projects now proposed by the Agency for the Project Area in sufficient detail and specificity to permit the fiscal review committee, if one is created, to review the potential impacts of the proposed redevelopment project. E. A description of how the project or projects to be pursued by the Agency will improve or alleviate the conditions described in paragraph B above. palmdst\prerpt\m[ro-a 1 1/13/91 SECTION A REASONS FOR SELECTING THE PROJECT AREA The proposed Project Area includes approximately 764 acres of residential, office, commercial, industrial, public and open space uses. The Project Area is located in the City of Palm Desert ("City"), Riverside County ("County"), California and generally includes that area of the City bounded by Portola Avenue and Cook Street to the west, the corporate City boundary and Carlotta Drive to the east, Hovely Lane and Running Springs Drive to the north and the Whitewater River Channel to the south. The Portola Country Club is no a part of the Project Area. The proposed boundaries for the Project Area are designated in Exhibit A. The area selected as the proposed Project Area is characterized by a variety of conditions which adversely impact the economic viability of properties in the Project Area, and also adversely impacts the health, safety and welfare of Project Area residents. In many respects, development in the Project Area has occurred in an unrestricted and unplanned manner. This has resulted in a combination of conditions that are classified as blight under the Redevelopment Law. A parcel-by-parcel visual survey of the Project Area conducted by the Agency's redevelopment Consultant, Rosenow Spevacek Group, Inc. (the "Consultant") in the latter part of 1990, has reveled that the Project Area is characterized by aging and deteriorated housing; lack of or inadequate public infrastructure improvements, including a poorly laid out circulation system; economic development constraints and inadequate public and cultural facilities. \PsIm�\PRRt\inceoa 2 1/13/91 There are numerous deteriorating residential structures found within the Project Area. These residential structures show signs of age, obsolescence, deterioration and dilapidation. The structures exhibit worn and weathered facades, peeling paint, and overall lack of maintenance and upkeep. There are numerous haphazardly and inconsistently designed streets in the Project Area. In the residential areas, the streets lack curbs, gutters and sidewalks. Limited or non-existent public infrastructure improvements adversely impact much of the Project Area. Sewers are absent in the older residential areas and residents rely on septic tanks which pose health and safety risks. Limited access to the Project Area causes congestion on Cook Street, the major north- south arterial traversing the Project Area. This impediment also increases response time for fire and rescue vehicles, serving the Project Area, thereby adversely impacting the health, safety and welfare of Project Area residents. Congestion is further aggravated along Cook Street due to the lack of signalized intersections. At present, stop signs are the only control devices along Cook Street's entire length. Deficient off-street parking and loading facilities contribute to impacted traffic flow in the industrial/business park areas along Cook Street. Public recreational facilities within the Project Area are lacking. The only facilities, a golf course and tennis courts, are located within gated communities and are inaccessible to the majority of Project Area residents and the general public. \palmda\pRrpt\lntro-a 3 1/13/91 The inadequate public improvements serving the Project Area cause a reduction of, and lack of, proper utilization of the area, creating an economic burden on the community that cannot be reversed or alleviated by private enterprise acting alone. Successful redevelopment of the Project Area is contingent upon the provision of needed infrastructure improvements. Only through the actions of the Agency and the utilization of redevelopment funds and activities can these constraints be eliminated. The Agency, in a desire to save and create the jobs and to resolve community deficiencies, is proposing to use redevelopment to address significant problems present in the Project Area. The redevelopment of the Project Area would obtain the objectives of the Redevelopment Law. The Project Area is in need of, and particularly suitable for, redevelopment under the Redevelopment Law. A primary purpose of the Agency in the adoption of the Redevelopment Plan is to provide the mechanism and funding to: 1) improve the prevalent adverse physical conditions in the Project Area; 2) ensure that adequate public infrastructure is created; and 3) promote economic development within the Project Area. To this end, the boundaries of the Project Area were selected. The primary reasons for selecting the proposed Project Area include: o The need to make provision of adequate roadways to correct street alignment problems, to eliminate road hazards and to provide adequate access to freeways. o The need to eliminate and prevent the reoccurrence of conditions of blight and deterioration in the Project Area and the conservation, rehabilitation, and redevelopment of the Project Area in accordance with the Redevelopment Plan and future Annual Work Programs. o The need to encourage tourism, including the development of high-quality hotels, motels, restaurants, and meeting facilities. o The need to make provision for the enhancement and renovation of businesses within the Project Area to promote their economic viability. P+ \PrcTP��« 4 1/13/91 o The need to encourage cooperation and participation of residents, business persons, public agencies and community organizations in the revitalization of the Project Area. o The need to stimulate investment of the private sector in the full development of the Project Area. o The need to make provision for needed improvements to the community's educational, cultural, residential and other community facilities to better serve the Project Area. o The need to promote public improvement facilities which are sensitive to the unique environmental qualities of the Project Area. o The need to establish a program which promotes the rehabilitation of the existing housing stock where appropriate. o The need to provide for expansion of the resource of developable land by making underutilized land available for development. o The need to alleviate certain environmental deficiencies including substandard vehicular and pedestrian circulation systems, insufficient off- street parking and other similar public improvements. o The need to make provision for improvement of local drainage conditions that constrain the development of various parcels in the Project Area. o The need to achieve an environment reflecting a high level of concern for architectural, landscape, and urban design principles appropriate to the objectives of the Redevelopment Plan. o The need for provision of, improvement or preservation of low and moderate income housing as is required to satisfy the needs and desires of the various age and income groups of the community, maximizing the opportunity for individual choice, and meeting the requirements of State law. o The need to develop safeguards against noise and pollution to enhance the industrial/commercial community. o The need to upgrade existing commercial and industrial uses in the Project Area. The area included in the proposed Project Area contains pervasive detrimental physical conditions which require the tools provided by Redevelopment Law to remedy. Private enterprise acting alone has not and cannot remedy these problems. P+lmdst\PRE\��S 5 1/13/91 Without the provisions and tools provided through the adoption of the Redevelopment Plan, the existing problem conditions will intensify, further limiting the future economic viability of the Project Area and adversely impacting the quality of life and the economic environment of the City of Palm Desert. The redevelopment of the Project Area may include, but will not be limited to, the actions outlined below. The Agency proposes to eliminate and prevent the reaccurence of the conditions of blight within the Project Area by the following actions. o Providing tools and funds to assist existing property owners and tenants to upgrade their deteriorating structures and properties. o Addressing current economic stagnation within the Project Area by providing funding sources for rehabilitation of existing uses and the consolidation and redevelopment of obsolete sized and configured parcels. o Addressing and correcting the problem of inadequate, insufficient and deteriorated infrastructures, including correcting existing problems and funding the construction of new facilities where none exist, and preventing further deterioration of the circulation system, storm drains, sewers, waterlines and utilities. o Arresting the economic dislocation, deterioration and disuse of properties within the Project Area and eliminating such conditions as deteriorated structures and visual blight. \palmdsr\prerpt\intro-a 6 1/13/91 SECTION B A DESCRIPTION OF THE PHYSICAL, ECONOMIC AND SOCIAL CONDITIONS IN THE PROJECT AREA Section 33030 of the Redevelopment Law states that "it is found and declared that there exist in many communities blighted areas which constitute either physical, social, or economic liabilities, requiring redevelopment in the interest of the health, safety, and general welfare of the people of such communities and of the state". This section of the Report describes the physical, economic and social conditions existing within the Project Area. REGIONAL LOCATION The City of Palm Desert is located in central Riverside County in the Coachella Valley. The City is surrounded by patches of County unincorporated land and borders the City of Rancho Mirage to the west and the City of Indian Wells to the east. Regional access is provided by Interstate 10 and Highway 111. A map of the regional location is attached as Exhibit B. EXISTING PHYSICAL CONDITIONS The Project Area contains approximately 764 acres. Current land uses within the Project Area include light industrial, office/professional, high and low density residential, open space and public facilities/utilities. The Project Area generally includes that area of the City bounded by Portola Avenue and Cook Street to the west, the corporate City boundary P+ \pR�\kao 7 1/13/91 and Carlotta Drive to the east, Hovely Lane and properties south of Running Springs Drive to the north, and the Whitewater River Channel to the south. The Portola Country Club is not included within the Project Area. Exhibit A to this Report is a map delineating the proposed boundaries of the Project Area. EXISTING LAND USE In November and December, 1990, the Consultant conducted a parcel by parcel survey to document the location and type of blighting conditions present throughout the Project Areal. Table B-1 presents the results of this survey. TABLE B-1 EXISTING LAND USE No. of Type of Use Parcels Units Acreagq Commercial/ Service Industrial 282 656 113.13 Office/Professional 1 3 1.08 Open Space/ Recreational* 18 -- 95.62 Parking 1 -- .89 Public/Institutional 14 5 177.37 Residential 272 421 41.05 Rights-of-Way** 3 -- 11.78 Under Construction 17 -- 64.73 Undeveloped 60 194.41 668 1,141 700.06 "* * = includes common area in condominium developments,golf course and tennis court ** = private undedicated streets *** = 700.06 acres is the total acreage of land that has been parcelized. Public rights- of-way comprise the remaining area;approximately 64 acres Source: Land Use and Conditions Survey,RSG,Inc.,November and December 1990 1. Land use and condition survey conducted by RSG,Inc.,November and December, 1990. \p•lmdst\pRrix\sect-b 8 1/13/91 Information obtained from the County Assessor's office indicates that approximately 32 percent (32%) of the residential units are owner-occupied. (For purposes of this Report, an owner occupant is defined as a property owner utilizing the $7,000 homeowner tax deduction.) The remaining units are either rentals or are a secondary residence. Table B-2 presents a breakdown of the 421 residential units by type. TABLE B-2 RESIDENTIAL UNITS BY TYPE No. of Type of Use Units Single family - detached 261 Single family - attached 100 Duplex 18 Multi-family 42 421 Source: Land Use and Conditions Survey,RSG,Inc., November and December 1990 A blighted area is one which is characterized by one or more of those conditions set forth in Sections 33031 or 33032 of the Redevelopment Law (see Attachment A), causing a reduction of, or lack of, proper utilization of the area to such an extent that it constitutes a serious physical, social, or economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise acting alone. Section 33031 of the Redevelopment Law states that a blighted area is characterized by the existence of buildings and structures, used or intended to be used for living, commercial, industrial, or other purposes, or any combination of such uses, which are unfit or unsafe to occupy for such purposes and are conducive to ill health, transmission of disease, infant \pa \per\ -0 9 1/13/91 mortality, juvenile delinquency, and crime because of any one or a combination of the following factors: a. Defective design and character of physical construction. b. Faulty interior arrangement and exterior spacing. c. High density of population and overcrowding. d. Inadequate provision for ventilation, light, sanitation, open spaces, and recreation facilities. e. Age, obsolescence, deterioration, dilapidation, mixed character, or shifting of uses. Section 33032 of the Redevelopment Law states that a blighted area is characterized by properties which suffer from economic dislocation, deterioration, or disuse because of one or more of the following factors which cause a reduction of, or lack of, proper utilization of the area to such an extent that it constitutes a serious physical, social, or economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise acting alone: a. The subdividing and sale of lots of irregular form and shape and inadequate size for proper usefulness and development. b. The laying out of lots in disregard of the contours and other topographic or physical characteristics of the ground and surrounding conditions. c. The existence of inadequate public improvements, public facilities, open spaces, and utilities which cannot be remedied by private or governmental action without redevelopment. d. A prevalence of depreciated values, impaired investments, and social and economic maladjustment. Conditions of blight, as defined by the Redevelopment Law are present and pervasive throughout the Project Area. Specific blighting conditions found within the Project Area as described in this Section include defective site design, structures exhibiting signs of aging and neglect and in need of rehabilitation, lack of public facilities, deficient or lack of \P*md\PRr\sect. 10 1/13/91 infrastructure improvements and inadequate parking and loading facilities. The following narative descriobes and cites examples of physical blight found within the Project Area. AGE, OBSOLESCENCE, DETERIORATION AND DILAPIDATION Within the Project Area are numerous examples of parcels suffering from age and physical obsolescence. Many structures are generally outmoded and reflect design characteristics that no longer are compatible with contemporary uses. Residential and industrial structures also exhibit deteriorated facades and/or foundations, peeling paint, and an overall lack of maintenance. Approximately 282 parcels (42 percent) exhibit conditions of physical obsolescence and age. This blighting condition is concentrated in the residential neighborhoods throughout the Project Area and the industrial area south of 42nd Avenue, west of Cook Street. Examples include residential units adjacent to one another without fenced side or backyards, structures exhibiting the need for renovation and/or rehabilitation, industrial buildings constructed with aluminum outer walls, and industrial buildings lacking proper storage areas for hazardous materials and waste. In addition to noting the existing land uses in the Project Area, the survey conducted by the Consultant in the latter part of 1990 also documented the location and types of blighting conditions present throughout the Project Area. Exterior structural conditions of the improvements were also documented. The methodology used when conducting the survey consisted of viewing the area and noting, by parcel, the building condition and any deficiencies. Conditions were assigned to each parcel based upon the following \palmdst\preept\aeab 11 1/13/91 characteristics. The categories were formed based upon nationally accepted rating standards and the range of existing conditions present in the Project Area. Good Condition No noticeable deficiencies in the structural condition of roof, walls or foundation. Structure appears to have adequate plumbing and electrical service and is subject to a regular program of maintenance. Exterior walls and other surfaces are well painted and clean, and windows and doors are intact. Fair Condition The structure has been maintained adequately enough to eliminate any major structural defects. The exterior of the building shows signs of deferred maintenance such as peeling paint, dirty exterior walls and other surfaces, weathered and worn wood facades and/or cracked plaster or foundations. Poor Condition The structure shows signs of structural deterioration such as sagging roof, walls or crumbling foundation. Patchwork repairs may be apparent and paint may be largely peeled or faded. There are obvious indications that proper maintenance to the structure is very infrequent. The exterior walls and other surfaces are very dirty and show signs of neglect. In severe instances, the building appears structurally unsound and maintenance is nonexistent. Its fitness for human occupation is highly questionable and the state of deterioration and neglect is such that it is a candidate for demolition. \pilmda\prr\�b 12 1/13/91 Table B-3 documents the building condition of the 1,141 units2 located within the Project Area. TABLE B-3 BUILDING CONDITIONS Units Condition Percent of Total 589 Good 51.62 424 Fair 37.16 128 Poor 11.22 1,141 100.00 Source: RSG Building Condition Survey,November and December, 1990 As demonstrated in Table B-3, 128 (11 percent) of the structures in the Project Area have been marginally maintained and exhibit signs of deterioration and neglect. Instances of peeling paint, overgrown and unkempt yards, discarded items stored outside but adjacent to the structure, and cracked stucco are predominantly located in the residential area south of Merle Drive and west of Cook Street. This neglect has be attributed, in part, to less than one-third of residential units being owner occupied. DEFECTIVE DESIGN AND CHARM::ER OF PHYSICAL CONSTRUCTION The Project Area contains numerous structures which exhibit defective design and character of physical construction. Examples include buildings that do not meet modern code standards, lack of or insufficient off-street parking and buildings that lack or have inadequate loading docks. 2. Includes all residential units and office/industrial suites. \Pam\PRE\ -b 13 1/13/91 Approximately 103 of the parcels within the Project Area (16 percent) exhibit conditions of defective design and character of physical construction. Concentrations of parcels exhibiting these conditions are located within the industrial area west of Cook Street along Joni Drive and Velie Drive. This area was developed prior to incorporation by the City under County guidelines. Off-street parking required by the County was minimal, resulting in inadequate parking for patrons and employees. In many instances, the only available parking is curbside. In an attempt to minimize parking problems, stalls have been striped along both sides of the street. However, the result has been impeded traffic flow and ingress/egress to business properties. Lack of loading facilities also contribute to blighting and problematic conditions in this area. Quite often, trucks will park in the street to load and/or unload, preventing access to the meager parking that is available. At times, patrons and employees are unable to exit their parking places because they have been blocked in by a truck. FAULTY INTERIOR ARRANGEMENT AND EXTERIOR SPACING Properties that demonstrate conditions of faulty interior arrangement and exterior spacing are prevalent throughout the Project Area. Approximately 124 parcels (19 percent) are characterized by excessive lot coverage, lack of off-street parking and overall poor site planning. In the industrial/business parks along Cook Street, conditions of faulty interior arrangement and exterior spacing predominate. Lack of or insufficient indoor storage areas results in pallets, pipe, sheetrock, and other miscellaneous items being stored outside \pa \PRTPI\mob 14 1/13/91 of business structures in designated parking areas. Not only are these stockpiles unsightly, they exacerbate an adverse parking situation. INADEQUATE PROVISIONS FOR LIGHT, VENTILATION, SANITATION, OPEN SPACES AND RECREATIONAL FACILITIES Characteristics of this type of blight include garages or other structures, or portions thereof, converted to residences, and overcrowding of structures with excessive number of occupants. While only a small percentage of residentially used parcels (approximately 2 percent) exhibit this condition, the impact has a deleterious effect throughout the entire neighborhood. Conditions of inadequate light and ventilation occurs in the residential area south of Merle Drive and west of Cook Street. Garages have been converted to residential uses. An excessive number of vehicles are present as well. Common Code Enforcement3 complaints include vehicles that have been cannibalized and abandoned. Trailers and camper shells being utilized as residences are also in evidence in this area. The residents of the Project Area are greatly affected by the lack of accessible recreational facilities and open space. No public recreational facilities exist within the Project Area. Common area within gated communities and a private golf course are the only open space within the Project Area and are not accessible to the general public. 3. Information provided by City of Palm Desert Code Enforcement. \Palmas\pmrix\mad, 15 1/13/91 , INADEQUATE PUBLIC IMPROVEMENTS Circulation System The traffic flow on Cook Street, the major north-south arterial, must be upgraded and improved. At the present time, stop signs placed at indiscriminate locations are the only traffic control devices along Cook Street. During peak traffic hours, motorists attempting to make left turns onto Cook Street are often times backed up on the side streets waiting for a break in traffic. The lack of access between business/industrial parks further impacts traffic flow by forcing motorists onto Cook Street to go from one park to another. Various intersections require signalization and existing hazardous 'Tied intersections require realignment where possible to reduce congestion and improve traffic flow. Circulation is also deficient in the business/industrial areas due to the lack of off-street parking. As patrons and employees search for a parking place at the curb, congestion occurs and reduces the speed of traffic, thereby impacting traffic flow within the Project Area. South of Sheryl Avenue, Cook Street dips into the Whitewater River Channel. Visibility is impaired for motorists turning onto Cook Street from Sheryl Avenue and from the sewage treatment plant. During times of heavy rains, Cook Street floods creating safety hazards for motorists. At the present time, Country Club Drive and Fred Waring Drive are the only east-west arterials in the vicinity of the Project Area. The need exists to extend 42nd Avenue west to Portola Avenue to increase access to the Project Area, to improve circulation, and reduce traffic on Cook Street. Rebecca Road also needs to be extended to Hovely Lane, thereby \Pam \Pr \s-b 16 1/13/91 providing an additional north-south arterial through the Project Area, and reducing traffic on Cook Street. Conversations with City staff indicate that the lack of access to the Project Area adversely impacts response time for both fire and sheriff service calls, thereby adversely affecting the health and welfare of Project Area residents. An in-depth analysis of current traffic volumes is included in the Environmental Impact Report prepared by Cotton/Beland/Associates. Storm Drain System Currently, storm drain improvements within the Project Area are limited to the Whitewater River Channel and existing curbs and gutters. The Public Works Department has indicated a main line is needed along Cook Street and an extensive study must be undertaken to determine what additional improvements are needed. Standing water is evident throughout the Project Area even during dry periods. During heavy rains, Cook Street at the Whitewater River Channel is flooded, creating traffic congestion and health and safety problems. Sewer System The residential area south of Merle Drive and west of Cook Street is currently utilizing septic tanks. The City sewer lines need to be extended and/or improved to service this area, thereby minimizing health and safety risks. \palmdst\pRrpt\sectb 17 1/13/91 Properties within the Project Area suffer from economic dislocation, deterioration or disuse due to inadequate public improvements, public facilities and open space which cannot be remedied by private enterprise acting alone. EXISTING SOCIAL AND ECONOMIC CONDITIONS A demographic profile for The Project Area was prepared by Equifax Marketing Decision Systems. Tables B-4 through B-6 present race and ethnicity, income distribution, and age distribution. TABLE B-4 RACE AND ETHNICITY 1990 ESTIMATES Race/ No. of Ethnicity Persons Percent White 2,063 95.77 Black 10 .47 American Indian 11 .51 Asian, Pacific Islander 13 .62 Other _57 2.64, TOTAL 2,154 100.0 Spanish/Hispanic Origin* 117 5.45 *Spanish/Hispanic Origin is an ethnic rather than a racial classification and as such, is generally included as part of the Other category. Spanish/Hispanic Origin is included in this table to show the percentage of the entire population that is considered to be of Spanish or Hispanic origin. Source: Equifax Pit\PKr\i-b 18 1/13/91 The 1990 population of The Project Area is estimated to be 2,154 persons with approximately 10 percent (10%) more females than males. The vast majority of persons are Caucasian (approximately 96%) and the largest minority population is Hispanic. TABLE B-5 INCOME DISTRIBUTION Income No. of Category Households Percent Under 7,500 78 7.51 7,500-14,999 115 11.02 15,000-24,999 195 18.68 25,000-34,999 212 20.30 35,000-49,999 184 17.65 50,000-74,999 170 16.35 75,000+ —88 8.49 TOTAL 1,042 100.00 Source: Equifax The 1990 median income for a family of four residing within the Project Area is estimated to be $30,498; approximately 90 percent (90%) of the County of Riverside median income of$33,8004. 4. U. S. Department of Housing and Urban Development, Revised Income Limits for Public Housing and Section 8 Programs and Median Family Incomes for Fiscal Year 1990. \palmdst\prerpt\sea.O 19 1/13/91 TABLE B-6 1990 AGE AND SEX DISTRIBUTION Population by Sex 2,154 Male 44.96% Female 55.04% Population by Age 2,154 Under 5 years 3.83% 5 to 9 years 3.51% 10 to 14 years 3.53% 15 to 19 years 3.85% 20 to 24 years 4.25% 25 to 29 years 4.44% 30 to 34 years 5.63% 35 to 44 years 10.83% 45 to 54 years 6.95% 55 to 59 years 4.68% 60 to 64 years 10.68% 65 to 74 years 24.45% 75+ years 13.36% Median Age 58.40 Average Age 50.87 Source: Equifax According to Table B-6, the largest (age) concentration is over 65 (approximately 38 percent). \palmdu\pR�\.ea-O 20 1/13/91 SECTION C PROPOSED METHOD OF FINANCING THE REDEVELOPMENT OF THE PROJECT AREA GENERAL FINANCING METHODS AVAILABLE TO THE AGENCY Redevelopment of the Project Area is proposed to be financed as follows: - Financial assistance from the City, State of California and/or Federal Government as available; - Property tax increments; - Agency bonds or other obligations; - Lease or sale of Agency-owned property; - Participation in development; and - Any other available and appropriate source. Financial Assistance from the Participating Jurisdictions, State, and/or the Federal Government These funds shall include loans and advances for planning, construction and operating capital for implementation until such time that sufficient tax increment revenue is raised to repay loans and provide other means of operating capital. As available, other funds such as gas tax funds and Community Development Block Grants may also be used to pay the costs of project implementation. The Agency and the City will work together to pursue available grants and loans to assist with project implementation. Property Tax Increment Revenue The Agency is proposing to use property tax increment revenue as provided for in Article 6, Section 33670 of the Redevelopment Law as the primary financing mechanism to implement the Redevelopment Plan. \P&�\PRRC\ua< 21 1/13/91 Tax increment revenue may only be used to pay indebtedness incurred by the Agency. Indebtedness includes principal of and interest on loans, moneys advanced, or indebtedness (whether funded, refunded, assumed, or otherwise) incurred by the Agency to finance or refinance, in whole or in part, redevelopment activities. Bonded Debt The Agency may from time to time issue bonds and/or notes or other obligations for any of its corporate purposes. The Agency may issue bonds or other obligations on which the principal and interest are payable in whole or in part from tax increment revenue. Lease or Sale of Agency-Owned Property If the Agency acquires property within or outside of the Project Area, the revenue generated by selling or leasing such properties may be used to pay the costs of Redevelopment Plan implementation. Participation in Development If the Agency enters into agreements with property owners, tenants and/or other developers which provide for revenues to be paid or repaid to the Agency, such revenues may be used to pay project implementation costs. Other Available Sources Any other loans, grants or financial assistance from the United States, or any other public or private source will be utilized, as available. The Agency will also consider use of the powers provided by Chapter 8 (Redevelopment Construction Loans) of the Redevelopment Law to provide construction funds for appropriate projects. Where feasible, the Agency will use assessment districts and/or Mello-Roos bond financing to pay for the costs of public infrastructure, facilities and operations. \palmda\pr c\aea< 22 1/13/91 PROPOSED REDEVELOPMENT ACTIVITIES AND ESTIMATED COSTS Table D presents over $142,230,600 of public projects and improvements needed to redevelop the Project Area. The cost estimates presented in Table D also make provision for administration costs, a contingency fund and project cost inflation. Because projects will commence construction -ver the next twenty-five to thirty years, significant cost inflation could occur. It is assumed that project costs will be financed and for estimating purposes, it is assumed that the total cost of $142,230,600 is bonded for a 25 year term at the legally allowed maximum interest rate of 12%. Because Redevelopment Law requires that 20% of all tax increment revenue be set aside for low and moderate income housing purposes unless certain findings are made, 20% of the total costs (including financing costs) have been added so this obligation can be met. It is estimated that, over the life of the Project, the implementation of the Redevelopment Plan will require a maximum of $566,699,913 in tax increment. ESTIMATED TAX INCREMENT REVENUE Implementation of the Redevelopment Plan will generate tax increment revenue. Table C presents an estimate of the tax increment revenue which will be generated. Under the assumed forecasted growth scenario, approximately $4.7 billion of new assessed valuation will be added to the Project Area during the next 40 years. This results in approximately $469 million of tax increment revenue (net of the 20 percent set-aside palvwu\prrrpt\ieu-c 23 1/13/91 housing funds) to be generated and available to the Agency over the 40 year life of the Redevelopment Plan. ASSESSMENT OF THE ECONOMIC FEASIBILITY OF THE PROJECT A list of the currently identified proposed redevelopment projects, the overall cost, including administrative and financing costs, is presented in Table D of Section D and E of this Report. As enumerated on Table D, total proposed project costs are estimated to be approximately $453 million. The estimated tax increment revenue available to fund these activities totals approximately $469 million. The Agency recognizes that although the entire list of projects that have been enumerated are needed, improvements can only be implemented as funds become available. Also, it may be of benefit to fund smaller projects with available monies, rather than waiting until the Agency has accumulated funds sufficient to implement the more costly projects. It will be necessary to prioritize the projects from time-to-time to take advantage of market conditions and best utilize the Agency's resources. Tax allocation bonds will be used as feasible to assist in project financing. \wlmda\PRE\,ca< 24 1/13/91 REASONS FOR INCLUDING TAX INCREMENT REVENUE PROVISIONS IN THE PLAN Tax increment revenue provisions must be included in the Redevelopment Plan because other funding sources are not available or are insufficient to finance the costs of redevelopment of the Project Area. Utilization of tax increment financing for this Redevelopment Project will provide the resources to develop a consistent and directed approach to activities and programs needed to eliminate blight, provide for improvement of the infrastructure, and aid in the expansion of the Project Area's economic base. It is commonly agreed that if adverse conditions within the Project Area are not addressed, the resulting physical and financial impacts imposed by these conditions will exacerbate the existing blighting conditions. It will cause serious economic hardships and undue disruption of the lives and activities of people residing and working in the Project Area and the City. Since both federal and state governments are under extreme budgetary shortfalls, it is extremely clear that federal and state assistance in providing funding for necessary public infrastructure improvements and facilities cannot be reasonably expected. The City does not currently have or expect to have the available financial resources to fund the magnitude of improvements necessary to reverse the adverse and hazardous conditions present in the Project Area. Other financing programs available to the City, such as assessment districts, may not be workable for the type and amount of improvements required. Assessment districts may impose such detrimental financial burdens that area residents and businesses would be unable to bear. It cannot be reasonably expected that private enterprise acting alone would have the means to accomplish redevelopment of the Project Area. Without the provision of tax increment revenue financing, sufficient revenue would not be available to fund the needed programs and improvements. \palmdsr\prerpr\sect< 25 1/13/91 • PALM DESERT REDEVELOPMENT AGENCY TABLE C 14-Jan-91 PROJECT AREA f3 TAX INCREMENT PROJECTIONS 7.00% Scenario * Fiscal Estimated New Net Estimated 2% Adjusted Cumulative I Agency I Agency Agency * • Year Secured AV Development Incremental Gross Tax Inflation Gross Tax Gross Tax ILow & Mod Net Tax Net Cumulative* * Valuation Increment Pass-thru Increment Increment Housing Increment Tax Increment * • Total Fund Funds Total * ' (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) * ' BY 1990-91 141,135,376 * • 1 1991-92 151,014,852 23,324,000 33,203,476 332,035 26,717 305,318 305,318 61,064 244,254 244,254 * * 2 1992-93 186,542,572 17,681,500 63,088,696 630,887 53,968 576,919 882,237 115,384 461,535 705,789 * * 3 1993-94 218,519,757 17,185,018 94,569,399 945,694 81,764 863,930 1,746,166 172,786 691,144 1,396,933 * ' 4 1994-95 252,204,109 17,215,272 128,284,005 1,282,840 110,117 1,172,723 2,918,889 234,545 938.179 2,335,112 * * 5 1995-96 288,278,738 16,446,289 163,589,651 1,635,897 139,036 1,496,861 4,415,750 299,372 1,197,488 3.532,600 * * 6 1996-97 326,055,779 16,939,678 201,860,081 2,018,601 168,534 1,850,067 6,265,817 370,013 1,480,054 5,012,654 * * 7 1997-98 367,005,139 17,447,869 243,317,632 2,433,176 198,621 2,234,555 8,500,372 446,911 1,787,644 6,800,298 * • 8 1998-99 411,364,718 17,347,935 287,577,277 2,875,773 229,311 2,646,462 11,146,835 529,292 2,117,170 8,917,468 * • 9 1999-00 458,722,539 17,756,090 335,343,253 3,353,433 260,614 3,092,819 14,239,653 618,564 2,474,255 11,391,723 * • 10 2000-01 509,832,133 18,174,242 386,870,999 3,868,710 292,543 3,576,167 17,815,820 715,233 2,860,934 14,252,656 * • 11 2001-02 564,966,821 18,364,815 442,196,260 4,421,963 325,111 4,096,852 21,912,672 819,370 3,277,482 17,530,138 * * 12 2002-03 624,164,851 15,921,500 498,950,975 4,989,510 358,330 4,631,180 26,543,852 926,236 3,704,944 21,235,082 * • 13 2003-04 684,892,396 16,236,870 559,993,890 5,599,939 392,213 5,207,726 31,751,578 1,041,545 4,166,180 25,401,262 * ' 14 2004-05 750,208,314 16,561,605 625,634,543 6,256,345 426,775 5,829,571 37,581,149 1,165,914 4,663,657 30,064,919 * * 15 2005-06 820,443,813 16,744,085 696,052,522 6,960,525 462,027 6,498,498 44,079,647 1,299,700 5,198,799 35,263,718 ' 16 2006-07 895,791,051 16,927,372 771,583,047 7,715,830 497,984 7,217,846 51,297,493 1,443,569 5,774,277 41,037,995 * • 17 2007-08 976,608,713 13,061,450 848,534,787 8,485,348 534,661 7,950,687 59,248,180 1,590,137 6,360,549 47,398,544 * * 18 2008-09 1,058,947,074 13,322,679 931,134,377 9,311,344 572,071 8,739,273 67,987,453 1,747,855 6,991,418 54,389,962 * • 19 2009-10 1,147,328,636 13,350,228 1,019,543,488 10.195,435 610,230 9,585,205 77,572,658 1,917,041 7,668,164 62,058,126 * * 20 2010-11 1,241,926,385 11,619,600 1,112,410,609 11,124,106 649,151 10,474,955 88,047,613 2,094,991 8,379,964 70,438,090 * PALM DESERT REDEVELOPMENT AGENCY TABLE C 14-Jan-91 PROJECT AREA 03 TAX INCREMENT PROJECTIONS 7.00% Scenario * _____a_________________a___=____=___=_=___a====a_====_________ _____ * Fiscal Estimated New Net Estimated 2% Adjusted Cumulative I Agency I Agency Agency * * Year Secured AV Development Incremental Gross Tax Inflation Gross Tax Gross Tax ILow 6 Mod ( Net Tax Net Cumulative* * Valuation Increment Pass-thru Increment Increment Housing I Increment Tax Increment * * Total Fund ( Funds Total * * (1) (2) (3) (4) (5) (6) (7) (8) $ (9) (10) * * * * BY 1990-91 141,135,376 * 21 2011-12 1,341,294,204 0 1,200,158,828 12,001,588 688,851 11,312,737 99,360,350 2,262,547 9,050,190 79,488,280 * * 22 2012-13 1,435,184,798 0 1,294,049,422 12,940,494 729,345 12,211,149 111,571,500 2,442,230 9,768,919 89,257,200 * * 23 2013-14 1,535,647,734 0 1,394,512,358 13,945,124 770,649 13,174,475 124,745,974 2,634,895 10,539,580 99,796,779 * * 24 2014-15 1,643,143,075 0 1,502,007,699 15,020,077 812,779 14,207,298 138,953,273 2,841,460 11,365,839 111,162,618 * * 25 2015-16 1,758,163,090 0 1,617,027,714 16,170,277 855,751 15,314,526 154,267,799 3,062,905 12,251,621 123,414,239 * * 26 2016-17 1,881,234,507 0 1,740,099,131 17,400,991 899,583 16,501,408 170,769,207 3,300,282 13,201,127 136,615,365 * * 27 2017-18 2,012,920,922 0 1,871,785,546 18,717,855 944,292 17,773,564 188,542,771 3,554,713 14,218,851 150,834,216 * * 28 2018-19 2,153,825,387 0 2,012,690,011 20,126,900 989,894 19,137,006 207,679,776 3,827,401 15,309,605 166,143,821 * * 29 2019-20 2,304,593,164 0 2,163,457,788 21,634,578 1,036,409 20,598,169 228,277,945 4,119,634 16,478,535 182,622,356 * * 30 2020-21 2,465,914,685 0 2,324,779,309 23,247,793 1,083,854 22,163,939 250,441,883 4,432,788 17,731,151 200,353,507 * * 31 2021-22 2,638,528,713 0 2,497,393,337 24,973,933 1,132,248 23,841,685 274,283,568 4,768,337 19,073,348 219,426,855 * * 32 2022-23 2,823,225,723 0 2,682,090,347 26,820,903 1,181,610 25,639,293 299,922,862 5,127,859 20,511,435 239,938,289 * * 33 2023-24 3,020,851,524 0 2,879,716,148 28,797,161 1,231,959 27,565,202 327,488,064 5,513,040 22,052,162 261,990,451 * * 34 2024-25 3,232,311,130 0 3,091,175,754 30,911,758 1,283,316 29,628,442 357,116,506 5,925,688 23,702,754 285,693,204 * * 35 2025-26 3,458,572,909 0 3,317,437,533 33,174,375 1,335,699 31,838,677 388,955,182 6,367,735 25,470,941 311,164,146 * * 36 2026-27 3,700,673,013 0 3,559,537,637 35,595,376 1,389,130 34,206,247 423,161,429 6,841,249 27,364,997 338,529,143 * * 37 2027-28 3,959,720,124 0 3,818,584,748 38,185,847 1,443,629 36,742,218 459,903,647 7,348,444 29,393,775 367,922,918 * * 38 2028-29 4,236,900,533 0 4,095,765,157 40,957,652 1,499,219 39,458,433 499,362,080 7,891,687 31,566,746 399,489,664 * * 39 2029-30 4,533,483,570 0 4,392,348,194 43,923,482 1,555,920 42,367,562 541,729,642 8,473,512 33,894,050 433,383,713 * * 40 2030-31 4,850,827,420 0 4,709,692,044 47,096,920 1,613,755 45,483,165 587,212,807 9,096,633 36,386,532 469,770,246 * \palmdst\taxinpro PALM DESERT REDEVELOPMENT AGENCY TABLE C FOOTNOTES TO TABLE C PROJECT AREA NO. 3 TAX INCREMENT PROJECTIONS (1) Base Year Secured Assessed Valuation provided by the Riverside County Office of the County Auditor Controller's January 2, 1991 Base Year Report. Subsequent years have an estimated annual growth rate of seven percent (7%), which is based upon analysis the Local Assessed Roll in the city over the past four years. (2) New Development data derived from City of Palm Desert General Plan. (3) Net Incremental Valuation equals Base Year Assessed Valuation less annual estimated Secured Assessed Valuation plus annual New Development. (4) Estimated Gross Tax Increment equals 1% of the Net Incremental Valuation and is the gross amount of tax revenue generated by the project. (5) 2% Inflation Pass Through is computed by projecting a 2% growth (inflationary) rate from the Base Year Assessed Valuation. The resulting 2% Increment is then multiplied by the net tax rate: (1%) less the City of Palm Desert's share (.0535%). (6) Adjusted Gross Tax Increment equal the Estimated Gross Tax Increment less the 2% Inflation Pass-through. (7) Cumulative Annual Total is the total Adjusted Gross Tax Increment accumulated over the term of the projections. (8) The Low and Moderate Housing Fund is the annual amount set aside based upon a required 20% of the annual Adjusted Gross Tax Increment. (9) Estimated Agency Funds equals the Adjusted Gross Tax Increment less the annual Low and Moderate Housing Fund set aside. This amount is the total annual funds available to the Redevelopment Agency. (10) Cumulative Annual Total is the total Estimated Agency Funds accumulated over the term of the projections. SECTION D AND E DESCRIPTION OF SPECIFIC PROJECTS PROPOSED BY THE AGENCY AND HOW THESE PROJECTS WILL ALLEVIATE CONDITIONS DESCRIBED IN SECTIONS A AND B ABOVE The types and nature of projects to be undertaken by the Agency will evolve over time and are dependent on such contingencies as owner-participation interest and capability, developer interest and marketability, and funding levels. The following presents a list of potential projects and the problem conditions as described in Sections A and B of this Report that will be alleviated. TABLE D PROPOSED REDEVELOPMENT PROJECTS PALM DESERT PROJECT AREA NO. 3 TRAFFIC/CIRCULATION IMPROVEMENTS 1. Cook Street entire length of Project Area,: Widen roadway to 2 lanes in each direction (where necessary) to maintain a consistent width and provide left turn lanes. $ 100,000 2. Cook Street i Whitewater Channel: Construct Bridge over Channel to reduce and eliminate traffic congestion during instances of flooding, and to improve sight lines for motorists attempting to turn onto Cook Street from Sheryl Avenue. 4,900,000 3. East side of Cook Street: Construct roadway connecting business/ industrial parks to eliminate back-to-back left turns and improve access. 250,000 4. Rebecca Road: Construct extension of roadway north to Hovely Lane. 264,000 5. 42nd Avenue: Construct extension of roadway west to Rebecca Road. 20,000 6. Valley Industrial Park: Provide additional access by constructing roadway from 42nd Avenue and/or Merle Drive to Joni Drive and/or Velie Way. 90,000 7. Cook Street: Provide roadway from Project Area to I-10. 1,000,000 .p+lt\paepc\.ead< 28 1/13/91 8. Joni Drive: Construct extension of roadway west to Rebecca Road. 66,000 9. Velie Way: Construct extension of roadway west to Rebecca Road. 66,000 10. Cook Street: Realignment of'T' intersections, such as Green Way, Velie Way and Joni Drive @ Cook Street, to eliminate back-to-back left turns and stacking problems. 300,000 11. Cook Street entire length of Project Area: Construct landscaped median to control and direct traffic flow. 275,000 12. Cook Street area industrial/business parks: Construct off-street parking area(s) or structure(s) to reduce on-street parking and alleviate traffic circulation problems. 4,000,000 13. Cook Street area industrial/business parks: Develop a staging area for truck drivers to await loading/unloading instructions and opportunity. 1,000,000 14. 42nd Avenue: Construct extension of roadway west to Portola Avenue. 350,000 15. Cook Street area industrial/business parks: Develop remote parking facilities for employees to allow patrons to park near businesses. 2,000,000 16. Sego Lane: Extend Se$o Lane west to Cook Street to align with Joni Drive. Construction will encourage cross traffic and reduce congestion. 250,000 17. Cook Street: Signalize one or more of the following intersections to control traffic speed, alleviate left turn problems and provide pedestrian crossings. Signals will also reduce traffic collisions. 750,000 - Hovely Lane @ Cook Street - Sego Lane/Joni Drive @ Cook Street - Merle Drive @ Cook Street - 42nd Avenue @ Cook Street - Sheryl Avenue @ Cook Street - Velie Way @ Cook Street 18. Cook Street (& I-10: Construct on/off ramps to provide additional access to the Project Area and the City. 19,000,000 TRAFFIC AND CIRCULATION PROJECTS $ 34,681,000 DRAINAGE SYSTEM IMPROVEMENTS 1. Entire Project Area: Conduct extensive drainage study to determine types and locations of improvements to alleviate uncontrolled run-off, standing water, and other drainage problems. $ 125,000 2. Entire Project Area: Construct improvements determined necessary by above study. 1,000,000 palmdst\prcrpt\sead-e 29 1/13/91 SEWER SYSTEM IMPROVEMENTS AND UTILITY UNDERGROUNDING 1. Residential Neighborhoods: Construct sewers to eliminate the need for septic tanks. 500,000 2. West side of Cook Street: Undergrounding of overhead utility lines. Project will enhance the visual aesthetics and improve utility service by reducing potential service interruptions due to inclement weather or accidents involving utility poles. 2,000,000 DRAINAGE, SEWER SYSTEM & UTILITY IMPROVEMENTS $ 3,625,000 COMMUNITY AND CULTURAL FACILITIES 1. Recreation Center/Park: Construct a 20 acre multi-use recreation center/park on Hovely lane west of Corporate Way for Project Area and community residents. $ 7,500,000 2. Library Facility: Construct a branch library for Project Area and community residents. 8,000,000 3. Sheriff Station: Construct a Sheriff Station with holding cells. Project will eliminate the need to transport prisoners to Indio for processing thereby increasing patrol potential within the City. 5,000,000 4. Industrial Waste Recycling/Disposal Program: Design programs for recycling and disposing of industrial waste. 250,000 5. Fire Protection: Increase water pressure and flow to the Project Area and surrounding areas to improve fire safety. Cost unknown at this time. COMMUNITY AND CULTURAL FACILITIES $ 20,750,000 COMMUNITY DEVELOPMENT PROGRAMS 1. Commercial/Industrial Rehabilitation Fund: Provide funds for commercial/industrial loans, grants, and/or rebates to assist in the rehabilitation of structures throughout the Project Area. The program could fund structural, facade, sign, parking, site access/ circulation, and landscape improvements. The program would enhance the economic viability and overall aesthetics of the commercial and industrial districts. $ 15,000,000 2. Commercial/Industrial Relocation/Expansion Fund: Provide funds to assist commercial/industrial businesses to relocate elsewhere in the Project Area or expand current facilities. 30,000,000 COMMUNITY DEVELOPMENT PROGRAMS $ 45,000,000 pa1mda\PRRX\Kad< 30 1/13/91 HOUSING/LOW-MODERATE INCOME ASSISTANCE As provided by Section 33334.2(a) of the Health and Safety Code, unless certain findings are made, not less than 20 percent of all tax increment allocated to the Agency shall be used by the Agency for the purpose of increasing, improving or preserving the community's supply of low and moderate income housing. This assistance will be provided in the form of rehabilitation grants to low and moderate income household owners, through the construction of low and moderate income housing units, and through the encouragement of development of rental units held at low and moderate income levels. Administration 10 years at 50,000 per year $ 500,000 10 years at 30,000 per year 300,000 20 years at 25,000 per year 500,000 Total Administrative Costs $ 1,300,000 SUBTOTAL $ 105,356,000 Plus: 10% contingency 10,535,600 Plus: 25% for inflation 26,339,000 TOTAL ESTIMATED COST $ 142,230,600 Financing for 25 years @ 12% 453,359,930 20% Housing Set-Aside 113,339,983 TOTAL TAX INCREMENT REQUIRED $ 566,699,913 PUBLIC IMPROVEMENT PROJECTS The proposed public improvements have been identified to facilitate the redevelopment of the Project Area and to address and remedy the severe, adverse, deficient conditions \P•�\P�\aeaaa 31 1/13/91 outlined in Sections A and B of this report. This program has been developed by the Agency to encourage development of properties by removing constraining conditions which limit new development. The aforementioned traffic and circulation improvements are designed to improve access to the Project Area and to mitigate existing traffic congestion. These improvements will also upgrade the circulation system to withstand additional traffic volumes due to intensification of uses and/or new development. The construction of additional sewer lines and upgrading existing capacity, if necessary, will improve service to needy areas and reduce health and safety risks. Undergrounding of overhead utilities will improve utility service to existing uses and potential new development and reduce service interruptions. Construction of storm drains and related drainage improvements will reduce standing water and erosion caused by uncontrolled run-off. The types of public improvement projects are such that private enterprise acting alone cannot be expected to alleviate or improve the adverse conditions in the absence of the aforementioned improvements. COMMUNITY AND CULTURAL FACILITIES Recreation facilities are lacking in the Project Area and City at large. The proposed multi- use recreation center will provide needed facilities for Project Area and community residents. Library facilities are also underprovided within the Project Area. A new branch library will provide needed services to the Project Area and community residents. Because of the general growth in population of the City and all surrounding desert communities, police facilities are stretched well beyond their capacity. The need now exists to provide a Sheriff's station within or in close proximity to the Project Area. The provision of one Sheriff station will greatly improve the health and welfare of the Project Area residents. ',palmdst\prerpr\secede 32 1/13/91 Additionally, the industrial waste recycling - disposal program and increased fire flow protection (water pressure) to the Project Area will correct hazardous and unsafe conditions now present in the Project Area and community. COMMUNITY DEVELOPMENT PROGRAMS Commercial/industrial rehabilitation and recycling programs within the Project Area will address the problems of obsolete and out of date structures, landscaping and signage. Insufflicient inadequate or hazardous parking, site access and circulation improvements. HOUSING PROGRAMS Portions of the Project Area suffer from deteriorated and unmaintained housing stock. The Agency will address the housing needs and problems of the Project Area in cooperation with the City and the community at-large through the implementation of a multifaceted program to address the various housing needs. Such programs will include rehabilitation loans and grants, neighborhood public improvements, and methods for enhancing private investment into existing neighbors. \palcodst\prr,p\,eud.c 33 1/13/91 EXHIBIT A PROJECT AREA MAP i I w C N w 0 , • a. • r• , r' Z I .i 44I I 1 � •, - 42ND AVENUE I I 1 1 11 ' ") 1 ::.�,NYN,• 0 I ^IIIII� .�� • U MERLE DRIVE I I I I I I! 1 i w - I . - . " ' WHITEAT - ER RIVE CH •ice, • /� Li • !, -_-.---::: !I__ I. r _____ ...... ..,. ..•.. . ..1;._ _":____ __,. ..:„.7.: . . '. il ., •• .r _I I. .r.-__1r,r ._- _. - • -- II 2 ) I [« CITY OF PALM DESERT REDEVELOPMENT AGENCY PIo thOW 7.tYPCIK OP°ur "'°"`TARCA "'_.. REDEVELOPMENT PROJECT AREA NQ 3 7T[V(N70M,►ONTO• PIERCE -"" '°'"�"" EXHIBIT A 1C11.1•••••I EXHIBIT B REGIONAL LOCATION MAP RNERSIDE Rhr+rokle County if—li-i • n DESERT HOT SPRINGS �/ % PALM RIGS \ / PALM DESERT i Aroo of Ling* Map I '�i J ° CATHEDRAL CITY L 1 v v • e, RANCHO /���o 6----(1.- ' '. MiRADC O :i::::::::::i:::::':' ,--r1--ri lat. _ ..::.. ....:.:.: 4kNirajllIl . PALM PALM INDIO SPRINGS """ 1NDIAN COACHELLA DESERT' WELLS 14, -` LA 2 l QUINTA \s Li Thermal Airport , HIphway li City of Palm Desert REGIONAL LOCATION EXHIBIT B - _ � ATTACHMENT A ATTACHMENT A Definitions of blight and urbanized areas as described in the Community Redevelopment Law, Sections 33030, 33031 and 33032. Section 33030: It is found and declared that there exist in many communities blighted areas which constitute either physical, social, or economic liabilities, requiring redevelopment in the interest of the health, safety, and general welfare of the people of such communities and of the state. A blighted area is one which is characterized by one or more of those conditions set forth in Sections 33031 or 33032, causing a reduction of, or lack of, proper utilization of the area to such an extent that it constitutes a serious physical, social, or economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise acting alone. Section 33031: A blighted area is characterized by the existence of buildings and structures, used or intended to be used for living, commercial, industrial, or other purposes, or any combination of such uses, which are unfit or unsafe to occupy for such purposes and are conducive to ill health, transmission of disease, infant mortality, juvenile delinquency, and crime because of any one or a combination of the following factors: (a) Defective design and character of physical construction. (b) Faulty interior arrangement and exterior spacing. \palmdst\prerpt\attach& a-1 (c) High density of population and overcrowding. (d) Inadequate provision for ventilation, light, sanitation, open spaces, and recreation facilities. (e) Age, obsolescence, deterioration, dilapidation, mixed character, or shifting of uses. Section 33032: A blighted area is characterized by properties which suffer from economic dislocation, deterioration, or disuse because of one or more of the following factors which cause a reduction of, or lack of, proper utilization of the area to such an extent that it constitutes a serious physical, social, or economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise acting alone: (a) The subdividing and sale of lots of irregular form and shape and inadequate size for proper usefulness and development. (b) The laying out of lots in disregard of the contours and other topography or physical characteristics of the ground and surrounding conditions. (c) The existence of inadequate public improvements, public facilities, open spaces, and utilities which cannot be remedied by private or governmental action without redevelopment. (d) A prevalence of depreciated values, impaired investments, and social and economic maladjustment. \palmde*\pnrpt\attach. a-2