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HomeMy WebLinkAboutRDA RES 385RESOLUTION NO. 385 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY ADOPTING AN IMPLEMENTATION PLAN FOR PROJECT AREA NO. l, PROJECT AREA NO. 2, PROJECT AREA NO. 3 AND PROJECT AREA NO. 4 OF THE PALM DESERT REDEVELOPMENT AGENCY THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1. On July 16, 1975, the City Council of the City of Palm Desert (the "City Council"), pursuant to Ordinance No. 80 of the City, approved and adopted the Redevelopment Plan for Project Area No. 1 of the Palm Desert Redevelopment Agency (the "Agency"), and has amended such Redevelopment Plan from time to time. The City Council approved and adopted the Redevelopment Plan for Project Area No. 2 of the Agency by the City's Ordinance No. 509, adopted on July 15, 1987. The City Council approved and adopted the Redevelopment Plan for Project Area No. 3 of the Agency by the City's Ordinance No. 652, adopted on July 17, 1991. The City Council approved and adopted the Redevelopment Plan for Project Area No. 4 of the Agency by the City's Ordinance No. 724, adopted on July 19, 1993. Section 2. Health and Safety Code Section 33490 requires that each redevelopment agency that has adopted a redevelopment plan prior to December 31, 1993, adopt, after a public hearing, an implementation plan on or before December 31, 1994 and each five years thereafter, containing the specific goals and objectives of the agency for the project area, the specific programs (including potential projects), and estimated expenditures proposed to be made during the next five years, and an explanation of how the goals and objectives, programs and expenditures will eliminate blight within the project area and implement the low and moderate income housing requirements of the Community Redevelopment Law (Health and Safety Code Section 33000, et se .). Section 3. The Agency adopted an initial implementation plan for Project Area No. 1, Project Area No. 2, Project Area No. 3 and Project Area No. 4(collectively, the "Project Areas") on December 8, 1994, which implementation plan is on file in the office of the City Clerk. Section 4. The Agency has prepared a new implementation plan for the Project Areas, attached hereto as Exhibit A and incorporated herein by reference (the 990907 P6402-00001 kh 1673962 1 RESOI.DTION N0. 385 "Implementation Plan"), in accordance with the requirements of Health and Safety Code Section 33490. �� � Section 5. On December 9, 1999, the Agency held a duly noticed public hearing on the proposed adoption of the Implementation Plan at which time all persons desiring to comment on or ask questions concerning the Implementation Plan were given the opportunity to do so. Prior to the public hearing on the Implementation Plan, copies of the Implementation Plan were available for public inspection in the office of the City Clerk. Section 6. The Agency has reviewed and considered all written and oral comments, questions and concerns regarding the Implementation Plan received prior to and at the public hearing on the Implementation Plan. Section 7. The Agency hereby adopts the Implementation Plan as the implementation plan for the Project Areas pursuant to the requirements of Health and Safety Code Section 33490. Section 8. The Implementation Plan may be amended from time to time after a public hearing on the proposed amendment. Section 9. Adoption of the Implementation Plan does not constitute an approval of any specific program, project or expenditure and does not constitute a project within the meaning of Section 21000 of the Public Resources Code. Section 10. The Agency hereby directs that the Implementation Plan remain on file in the office of the City Clerk and be open to public inspection. 1999. PASSED, APPROVED and ADOPTED this 9th day of ne Pmh r , AYES: Benson, Ferguson, Kelly, Spiegel, Crites NOES: None � 4 ABSENT: None ABSTAIN: None Chairma Attest: ��� � .'��►101 �t� t� - � - - 990907 P6402-00001 kh 1673962 1 - 2' Resolution No. 385 � Palm Desert Redevelopment Agency � 1999-00 through 2003-04 • �, � � � • • � � Adopted: Resolution No. 385 TABLE OF CONTENTS Introduction...................................................................................................................1 Contents of the Implementation Plan ................................................................ 1 Background...................................................................................................................3 BlightingConditions ......................................................................................................3 Project Area No. 1(Original and Added Territory) .....................................................6 Goals and Objectives of the Agency .........................................................................6 Review of the Prior Implementation Plan ..................................................................7 Anticipated Planning Period Projects and Programs — Project Area No. 1 .............9 Five-Year Budget — Project Area No. 1 .....................................................................13 � a ProjectArea No. 2 .......................................................................................................15 Goals and Objectives of the Agency .......................................................................15 Review of the Prior Implementation Plan ................................................................16 Anticipated Projects and Programs — Project Area No. 2 .......................................17 Five-Year Budget — Project Area No. 2 .....................................................................20 ProjectArea No. 3 .......................................................................................................22 Goals and Objectives of the Agency .......................................................................22 Review of the Prior Implementation Plan ................................................................23 Anticipated Projects and Programs — Project Area No. 3 .......................................24 Five-Year Budget — Project Area No. 3 .....................................................................26 Palm Desert Redevelopment Agency i Five-Year Implementation Plan 1999-OOthrough 2003-04 � Resolution No. 385 ProjectArea No. 4 .......................................................................................................28 Goals and Objectives of the Agency .......................................................................28 Anticipated Projects and Programs — Project Area No. 4 .......................................30 Five-Year Budget — Project Area No. 4 .....................................................................32 Anticipated Housing Projects and Programs — All Project Areas ..........................34 Five-Year Housing Program Budget .........................................................................36 HousingUnit Estimates .............................................................................................38 Monitoring of Implementation Plan ...........................................................................39 Attachments Appendix 1— Affordable Housing Compliance Plan Palm Desert Redevelopment Agency ii Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Introduction This document is the second Five-Year Implementation Plan for the Pa1m Desert Redevelopment Agency (the "Agency") of the City of Palm Desert (the "City") for fiscal years 1999-2000 through 2003-2004. This is the Agency's second implementation plan prepared since the enactment of Assembly Bill 1290 which amended the California Redevelopment Law adding Section 33490. The Implementation Plan is divided into two separate components a non-housing or redevelopment component and a housing component, which is presented as the Affordable Housing Compliance Plan attached to this Implementation Plan as Appendix 1. Section 33490 requires that each redevelopment agency, which has adopted a redevelopment plan prior to December 31, 1993, adopt, after a public hearing, an implementation plan that contains the specific goals and objectives of an agency for its project area(s). The implementation plan must identify the specific programs/projects and expenditures proposed to be made during the five (5) year term of the implementation plan; provide an explanation of how the goals and objectives, programs, and expenditures will eliminate blight within an agency's project area(s); and implement the housing requirements contained in the Law. Pursuant to Section 33490, the implementation plans where required to be adopted no later than December 30, 1994 with subsequent implementation plans adopted each five (5) years thereafter. The City Council of the City of Palm Desert took action in October of 1974 to establish the Palm Desert Redevelopment Agency. With this action the City embarked on a comprehensive effort to eliminate blighting and adverse conditions within the City. The focus of the City's revitalization efforts has been channeled through the adoption and implementation of its Redevelopment Plans. The Agency's first redevelopment project area, Project Area No. 1, was adopted in July of 1976 and subsequently amended in 1982 to add territory. Since then, the Agency has adopted three (3) additional redevelopment project areas. The Agency has accomplished numerous redevelopment, development, and infrastructure projects that have revitalized many properties within all of its Project Areas. The Agency has also made a substantial effort to improve and increase the City's supply of affordable housing. The Agency has four (4) adopted redevelopment project areas encompassing an estimated 11,771 acres of the City's incorporated territory. Contents of the /mp/ementation P/an Section 33490 of the California Community Redevelopment Law ("Law") requires that the Implementation Plan include the following information: � specific goals and objectives of the Agency for the Project Areas � the specific programs, including potential projects, and estimated expenditures proposed to be made during the next five years, and � an explanation of how the goals and objectives, programs, and expenditures will eliminate blight within the project area and will improve and increase the supply of housing affordable to very low, low, and moderate income households. Palm Desert Redevelopment Agency 1 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 The Law also requires that the implementation plan address the Agency's affordable housing production needs and achievements; these items are specifically addressed in the Affordable Housing Compliance Plan, which is found at the end of this Implementation Plan. Palm Desert Redevelopment Agency 2 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Background The Agency was established pursuant to the California Community Redevelopment Law, Health & Safety Code Section 33000 et seq. (the "Law"). The City Council adopted Ordinance No. 53 on October 24, 1974, which activated the Agency. The Agency is governed by a five (5) member board, which consists of all members of the City Council. The Mayor, who acts as Chairperson of the Agency, is appointed by the City Council. As previously stated, the Agency has four (4) adopted redevelopment project areas encompassing an estimated 11,771 acres of the City's incorporated territory. The Agency's four (4) redevelopment project areas are Project Area No. 1(the Original and Added Territory), Project Area No. 2, Project Area No. 3, and Project Area No. 4(collectively referred to as the "Project Areas"). Blighting Conditions Redevelopment projects are established to remedy conditions of blight as defined by the Law that is in effect at the time a redevelopment project is adopted. The Law's definition of what constitutes blight has changed substantially since the Project Areas were established in 1975, 1982, 1987, 1991 and 1993. The Law's current blighted definition is set forth below: • Unsafe/Dilapidated/Deteriorated Buildin�s. Buildings in which it is unsafe or unhealthy for persons to live or work. These conditions can be caused by serious building code violations, dilapidation and deterioration, defective design or physical construction, faulty or inadequate utilities, or other similar factors. • Physical Conditions that Limit the Economic Viabili and Use of LotsBuildin�s. Factors that prevent or substantially hinder the economically viable use or capacity of buildings or lots. This condition can be caused by a substandard design, inadequate size given present standards and market conditions, lack of parking, or other similar factors. • Incompatible Uses. Adjacent or nearby uses that are incompatible with each other and which prevent the economic development of those parcels or other portions of the project area. • Lots of Irregular Shape, Inadequate Size, and Under Multiple Ownership. The existence of subdivided lots of irregular form and shape and inadequate size for proper usefulness and development that are in multiple ownership. • Depreciated/Stagnant Property Values; Impaired Investments. Depreciated or stagnant property values or impaired investments, including, but not necessarily limited to, those properties containing hazardous wastes that require the use of agency authority as specified in Article 12.5 (commencing with Section 33459). • High Business Turnovers and Vacancies/Low Lease Rates/Abandoned Buildings/Vacant Lots. Abnormally high business vacancies, abnormally low lease rates, high turnover rates, abandoned buildings, or excessive vacant lots within an area developed for urban use and served by utilities. Palm Desert Redevelopment Agency 3 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 • Lack of Neighborhood Commercial Facilities. A lack of necessary commercial facilities that are normally found in neighborhoods, including grocery stores, drug stores, and banks and other lending institutions. • Overcrowding/Excess of Adult Businesses. Residential overcrowding or an excess of bars, liquor stores, or other businesses that cater exclusively to adults, which has led to problems of public safety and welfare. • High Crime Rates. A high crime rate that constitutes a serious threat to the public safety and welfare. The Law also characterizes inadequate public improvements as blight when the above conditions are also present. Despite the success of redevelopment activities to date, many of the blighting conditions that were prevalent in the Project Areas when it was adopted are still present today. A recent review of the Project Areas has confirmed that the Projects still contains the following blighting conditions as defined by the Law definitions in place at the time of each Project Areas' adoption: • Buildings or structures suffering form age, obsolescence and deterioration. • Some properties within the Project Areas suffer from defective design and character of physical construction and lack adequate parking, loading and storage facilities. • Some properties within the Project Areas suffer from economic maladjustment, dislocation, and disuse and are substandard in design. • Some properties within the Project Areas exhibit characteristics of faulty interior and exterior arrangement. • The Project Areas suffer from inadequate public improvements and traffic and circulation facilities. • The Project Areas suffer from a lack of infrastructure and community facilities. • The Project Areas contains properties that suffer from depreciated or stagnant property values that impair private investment and the Agency's abilities to pursue revitalization. • Some properties within the Project Areas suffer from high vacancy rates, high business or rental turnover rates, and low rental rates. • Within the Project Areas properties suffer from inadequate flood control and drainage improvements. • Within the Project Areas properties suffer from conflicting land uses, and irregularly shaped parcels. Palm Desert Redevelopment Agency 4 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 While the Agency has been extremely successful in its revitalization efforts, the conditions identified above continue to persist within various areas of the Project Areas. These conditions continue to inhibit economic growth, and are beyond the capacity of the private sector to correct alone. Palm Desert Redevelopment Agency 5 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 PROJECT AREA NO. 1(Original and Added Territory) The Ordinance adopting Project Area No. 1(the "Original Area") was approved by the City Council on June 12, 1975. The Agency's Report to the City Council requesting the proposed Redevelopment Plan for the Original Area indicated that the area had been selected because of the existence of lots which were subject to being submerged by water; lots of inadequate size for proper usefulness and development; inadequate streets; a problem of traffic congestion; faulty interior arrangement of lots and buildings and exterior spacing; inadequate parking facilities; and mixed character of development and shifting of land uses. The Original Area encompasses approximately 420 parcels (580 acres) of retail and office/commercial development along the City's primary commercial strip, Highway 111. The Original Area is generally bounded by portions of Fred Waring and Elessandro Drives to the north, El Paseo and adjoining commercial properties to the south, and the City limits to the east and west. On October 16, 1982, the Redevelopment Plan for Project Area No. 1 was amended to add approximately 10,814 parcels totaling 5,240 acres, thereby creating the "Added Territory". The Added Territory is made up of a broad range of land uses, including single and multifamily residential, country club, planned residential, and office/commercial development. The Agency's Report to the City Council requesting the proposed amendment indicated that the amendment was necessary to add territory because: (1) there existed commercial property and residential units subject to being submerged, inundated, damaged or destroyed by flood waters and accompanying debris; (2) there is a lack of adequate flood control facilities designed to protect property, and to ensure access along roadways which cannot be remedied by private or governmental action without redevelopment; and (3) there existed an economic dislocation throughout Project Area No. 1(Original and Added Territory), resulting from the cleax and present danger of flash flooding, and threats to the public health, safety and welfare throughout the area. Since its inception, Project Area No. 1(as amended) has experienced a diversity of development. Residential development has been predominant. Specific projects include: One Quail Place, an apartment project with 384-units; Palm Lake Village, a 220-unit apartment project; Hacienda De Monterey, a 180-unit congregate care and 99-bed nursing facility; and Canyon Cove, a 231-unit single-family development. Additionally, a 73-acre Civic Center project, which provides for recreation, law enforcement, and governmental facilities, has been completed. Big Horn, a 600- acre custom home residential development, is underway. Project Area No. 1(Original and Added Territory) contains approximately 11,235 parcels totaling over 5,820 acres. Goa/s and Objectives of the Agency The following goals and objectives address the blighting conditions still found within Project Area No. 1. These goals formulate the overall strategy for this Implementation Plan and will serve as a guide for the Agency's activities during the next five years. • Remove Blight. To eliminate and prevent the spread of blight and deterioration, and to conserve, rehabilitate, and redevelop the Project Area in accordance with the Redevelopment Plan and Annual Work Programs. Palm Desert Redevelopment Agency 6 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 • Encoura�e Stakeholder Participation. To encourage the cooperation and participation of residents, businesspersons, public agencies, and community organizations in the revitalization of the Project Area. � • Encoura�e Private Sector Investment. To encourage private sector investment in the development and redevelopment of the Project Area. • Diversify and Expand Economic Base and Emplovment Opportunities. To promote the economic well being of the Project Area by encouraging the diversification and development of its economic base and employment opportunities. • Promote Compatible Commercial and Residential Development. To encourage the development of commercial and residential environments which positively relate to adjacent land uses, and upgrade and stabilize existing uses. • Facilitate revitalization of the core commercial area. To provide for the revitalization and full development of the City's core commercial area, to attain consistent image and character, and to enhance their economic viability. • Improve Community Facilities. To provide needed improvements to the community's education, cultural, and other community facilities to better serve the Project Area. � Expand Resources for Land Development. To expand the resource of developable land by making underutilized land available for redevelopment. • Coordinate Revitalization and Community Development Activities. To coordinate revitalization efforts in the Project Area with other public programs offered by the City and other public agencies. • Improve Public Infrastructure. To provide needed improvements to the utility infrastructure and public facilities that serve the Project Area. • Address Traffic Circulation and Parking Deficiencies. To improve traffic circulation through the reconstruction and improvement of existing streets in the Project Area. Provide for necessary public parking to address parking deficiencies. • Provide Affordable Homeownership Opportunities. To improve housing and assist low and moderate-income persons and families to obtain homeownership. • Increase and Improve the Community's Supply of Affordable Housin�. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. Review of the Prior Imp/ementation P/an The Agency's first implementation plan, adopted in December 1994, delineated a series of non- housing and housing projects and programs for Project No. 1, the majority of which were Palm Desert Redevelopment Agency 7 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 initiated or fully implemented during the planning period. The Agency's achievements over the past five years include the following: � Cook Street Bridge. � Deep Canyon Road & Highway 111 � Bridge Improvements Monterey at Whitewater � Initiated land acquisition and relocation activities for the Southwest Corner project (southwest of the intersection of Main Street and Magnolia Avenue). � Cook Street/I-10 Improvements � Superblock III Landscaping � Civic Center Master Plan � Municipal Golf Course � Multi-Agency Library � Made substantial progress in revitalizing the City's Core Commercial Area � Finalized Desert Crossing � Made substantial progress in revitalizing Section IV Palm Desert Redevelopment Agency 8 Five-Year Implementation Plan 1999-00 through 2003-04 Anticipated Planning Period Projects and Programs Project Area No. 1 The following summary matrix for Project Area No. 1 describes the proposed non-housing programs and projects planned for the next five years (see Tables 1-1 through 1- 3). The matrix describes each proposed program, gives the projected time frame for implementation, identifies Agency goal's to be achieved, and identifies the blighting conditions the program will address. Anticipated program expenditures are based on projected tax increment revenue expected for FY 1999-00 to FY 2003-04. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 1. 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O N a�i 'C � � � Q � � Resolution No. 385 Five-Year Budget — Project Area No. 1 Table 1-4 presents the Implementation Plan's preliminary five-year redevelopment activity budget for the Project Area No.l (non-housing programs). Tax increment revenues provided are net of housing set aside amounts and taxing agency pass through payments. They were estimated based on a conservative increase in secured and unsecured assessed values with verifiable new development values added. The budget also contains other project revenues, including interest earnings and taxing agency reimbursements. Expenditures were based on the 1999-00 budget, and include bond debt service, required payments to Riverside County, and administrative costs. In total, the Agency anticipates expending $25.8 million on "Priority 1" redevelopment or non- housing programs that will benefit and address the needs of the Project Area. Palm Desert Redevelopment Agency 13 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 7 2 3 4 5 Total 7999-00 2000-01 2001-02 2002-03 2003-04 Beginning Available Fund Balance 38,213,977 35,380,844 24,952,662 25,596,939 26,572,647 Revenues Tax Increment Revenue 1/ Interest Earnings Reimbursements Taxing Agencies New Tax Exempt Bond Issue Proceeds 9,566,001 10,234,550 880,000 880,000 799,328 799,328 0 0 10,598,219 10,974,996 11,365,367 52,739,133 880,000 880,000 880,000 4,400,000 799,328 799,328 799,328 3,996,640 0 0 18,802,388 18,802,388 ............. _... ................................................................. �.............................. �....... _.. _....................... �......... _............. 12,277,547 12,654,324 31,847,083 79,938,161 37,230,209 38,251,263 58,419,730 Subtotal Total Resources Expenditures Existing Bond Debt Service Payments /2 New Bond Issue Debt Service Loan repayment to City Administration 3/ SB 2557 fee 4/ Subtotal 11,245, 329 11, 913,878 49,459,306 47,294,722 8,676,792 8,876,711 8,874,339 8,877,263 8,876,215 44,381,320 0 0 0 0 1,639,278 1,639,278 • 300,000 300,000 300,000 300,000 300,000 1,500,000 896,720 923,622 951,330 979,870 1,009,266 4,760,808 254,950 276,728 290,101 303,983 303,983 1,429,743 10,328,462 10,377,060 10,415,770 10,461,116 12,128,742 53,711,149 Projects & Programs Costs (priority 1) Fred Waring Drive Wdening 5,265,000 767,500 767,500 0 6,800,000 I-101mprovements 250,000 250,000 250,000 250,000 250,000 1,250,000 EI Paseo & Hwy 111 Redev. 3,000,000 1,250,000 0 0 0 4,250,000 EducaHonal Facilities Enhancements 0 0 0 0 7,000,000 1,000,000 Westfield Shopping Town Public Parking Improvements 0 5,000,000 0 0 5,000,000 10,000,000 Commercial Rehabilita6on 200,000 200,000 200,000 200,000 200,000 1,000,000 Provide forReimbursementto Riverside County 300,000 300,000 300,000 300,000 300,000 1,500,000 Su6total 3,750,000 11,965,000 1,217,500 1,217,500 6,450,000 25,800,000 Total Expenditures 14,078,462 22,342,060 11,633,270 11,678,616 18,578,742 79,511,149 Subtotal - Available Fund Balance 35,380,844 24,952,662 25,596,939 26,572,647 39,840,988 Prionty 2 Projects & Programs 0 0 0 0 9,500,000 Subtotal - Availabie Fund Balance 30,540,988 Priority 3 Projects & Programs 0 0 0 0 48,705,000 Ending Available Fund Balance 35,380,844 24,952,662 25,596,939 26,572,647 (78,364,012) 1/ Assumes increases in Secured Values of 3°h for the Original Area and 4% for the Added Area plus identifiable new development. Tax increment revenue is net of housing set aside and taxing agency payments 2/ Per City Budget 3/ Inflated by 3% annually 4/ Represents net SB 2557 fee. Housing Fund is charged its proportional share of this County Charge. Palm Desert Redevelopment Agency 14 Five-Year Implementation Plan 1999-00 through 2003-04 PROJECT AREA NO. 2 Resolution No. 385 The City Council approved the Ordinance adopting Project Area No. 2 on July 15, 1987. Project Area No. 2 encompasses approximately 2,927 acres (6,195 parcels) of residential, hotel/resort, office, and undeveloped uses. Project Area No. 2 is generally bounded by the City limits and Interstate 10 to the north, a portion of the City limits to the east, Country Club Drive and Hovely Lane to the south, and Portola and Monterey Avenues to the west. The Agency's Report to the City Council requesting the proposed Redevelopment Plan indicated that the area had been selected because of the existence of lots of inadequate size for proper usefulness and development; inadequate traffic circulation; numerous obsolete and dilapidated residential structures subject to mixed character and shifting of land uses; and above ground voltage transmission lines which are not only unsightly, but because of high winds in the area, a threat to public safety. The primary objectives of the Redevelopment Plan for Project Area No. 2 include the improvement of traffic circulation; the under grounding of utilities; the elimination of drainage deficiencies; the elimination of irregularly shaped and inadequate sized parcels of land; and the rehabilitation or removal of substandard buildings. The Redevelopment Plan also provides for the expansion of recreation facilities, open space, and other public improvements. Goa/s and Objectives of the Agency The following goals and objectives address the blighting conditions still found within Project Area No. 2. These goals formulate the overall strategy for this Implementation Plan and will serve as a guide for the Agency's activities during the next five years. • Remove Blight. To eliminate and prevent the spread of blight and deterioration, and to conserve, rehabilitate, and redevelop the Project Area in accordance with the Redevelopment Plan and Annual Work Programs. • Encourage Stakeholder Participation. To encourage the cooperation and participation of residents, businesspersons, public agencies, and community organizations in the revitalization of the Project Area. • Encourage Private Sector Investment. To encourage private sector investment in the development and redevelopment of the Project Area. • Diversify and Expand Economic Base and Employment Opportunities. To promote the economic well being of the Project Area by encouraging the diversification and development of its economic base and employment opportunities. • Promote Compatible Commercial and Residential Development. To encourage the development of commercial and residential environments which positively relate to adjacent land uses, and upgrade and stabilize existing uses. Palm Desert Redevelopment Agency 15 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 • Facilitate revitalization by acquiring propertv to provide public facilities. To provide needed improvements to the community's recreation, education, cultural, and other community facilities to better serve the Project Area � Improve Community Facilities. To provide needed improvements to the community's education, cultural, and other community facilities to better serve the Project Area. • Expand Resources for Land Development. To expand the resource of developable land by making underutilized land available for redevelopment. • Improve Public Infrastructure. To provide needed improvements to the utility infrastructure and public facilities that serve the Project Area. • Address Traffic Circulation and Parking Deficiencies. To improve traffic circulation through the reconstruction and improvement of existing streets in the Project Area. Provide for necessary public parking to address parking deficiencies. • Provide Affordable Homeownership Opportunities. To improve housing and assist low and moderate-income persons and families to obtain homeownership. • Increase and Improve the Community's Supply of Affordable Housin�. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. Review of the Prior Implementation P/an The Agency's first implementation plan, adopted in December 1994, delineated a series of non- housing and housing projects and programs for Project No. 2, the majority of which were initiated or fully implemented during the planning period. The Agency's achievements over the past five years include the following: � Circulation improvements to Dinah Shore Drive, Gerald Ford Drive. Improvements to Cook Street from Whitewater to I-10 Freeway. � Section IV Revitalization, development of Desert Willow (North) Golf Course. Palm Desert Redevelopment Agency 16 Five-Year Implementation Plan 1999-OOthrough 2003-04 Resolution No. 385 Anticipated Projects and Programs — Project Area No. 2 The following summary matrix for Project Area No. 2 describes the proposed redevelopment or non-housing programs and projects planned for the next five years (see Tables 2-1 and 2- 3). The matrix describes each proposed program, gives the projected time frame for implementation, identifies Agency goal's to be achieved, and identifies the blighting conditions the program will address. Anticipated program expenditures are based on projected ta�c increment revenue expected for FY 1999-00 to FY 2003-04. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 2. Palm Desert Redevelopment Agency 17 Five-Year Implementation Plan 1999-00 through 2003-04 � O U � .�-� fC O1 � L � m � > m V 'i Q N lV O � a� E f`6 LL N � H m 0 a 0 o � o � m a � U W � �o a` a� y .N N C � . 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O � i � c : w � y C i : � 7 � i �� � � _ � ) � O � � I 1 � � ' : ` � i ) ; � � I N � ) � � � � U C N � 7 � '� N i � � � w i Y = � 3 C fV6 N � : f6 J '� C � m `� E � jp U j � N C � 7 O � j y C � 4: p, c f0 : .� N Cl n a � � c i��a i m ,z• � e � � � ` f i c > �" e . w � � > �U ,7 �U � N I� � O � C i w I v W j y C ' o � , U m j c � ' �' w ? y w 7 'p � d e E _ y ) � � � - C +t,,, C � « N � ) � O � 1 N '� � : -p C (O N - C O > Cl ) N U V - f¢ 'p j y V p �7 3 N T�a_ y i�a a� � N O N � � � c 'V N U � r c o 0 O' O V > N �7 d 'pN O y C � Y � X f0 lC ; � C N �. � N n C U i m m ,� m � � � ` E ' U U � p � W W O d N m C� �a �a o � m LL � � 'O � N d � � � i � O .r � £ � � a a I p C ! � N Y C r� LL T i N C ; � � � ) •V � i w U > ) p c � I L � � ' c ` � � ) 2 V � 1 ) � � , 1 V C � t � O � i 1 �' f C fU0 � j : (6 J '� C � d � � � N V > E N C � 7 .O U j N y C � '"' O. _ l6 ; .0 N U n o- � � c � o,�a � m .Z` a� g � � � o < j W � �' a E � Y i � � � 'am, a o c +' •- C 7 c�i � c c :D � Y a ,� ` N d � � d � LL r' � a`� m a � O � t w�� s= � .s' w ? � v- � -p.� N _ y ) � � � ' C +��+ C 3 y C T y 3 p !_' � N � a 'C C !a y = C O > � � fp p V C ' � �p '6 ) �q U O 7 7 'y C � i�a a�i � c c N o a� � � a c 0. rn,U N � C O O' O Q O U j 1 N � � � C ( v ya � o � c � � �-� N j : cY0 � N 0. w i � V1 0- C� N � � �,�.� � E ; > > a o ;° I i c c � � 'R i :wwoa�� ti N I N )N i � i v � m i O �a �N i= � Resolution No. 385 Five-Year Budget — Project Area No. 2 Table PA 2-2 presents the Implementation Plan's preliminary redevelopment activity budget for the Project Area No.2 (non-housing programs). Tax increment revenues provided are net of housing set aside amounts and taxing agency pass through payments. They were estimated based on a conservative increase in secured and unsecured assessed values with verifiable new development values added. The budget also contains other project revenues, including interest earnings and loan repayments. Expenditures were based on the 1999-00 budget, and include bond debt service, required payments to Riverside County, and administrative costs. In total, the Agency anticipates expending $24.5 million on "Priority 1" redevelopment or non- housing programs that will benefit and address the needs of the Project Area. Palm Desert Redevelopment Agency 20 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Beginning Available Fund Balance 10,073,268 3,844,011 2,169,137 1,141,210 3,616,740 Revenues Tax Increment Revenue 1/ 3,244,769 3,430,305 3,506,647 3,646,479 3,792,595 17,620,794 InterestEarnings 370,000 370,000 370,000 370,000 370,000 1,850,000 Loan from City 6,600,000 0 0 0 0 6,600,000 Notes Payable (IROC) 686,970 669,090 652,410 2,030,130 0 4,038,600 NewTax Exempt Bond Issue Proceeds 11,187,541 11,187,541 --_—_-- —..—_....�...-----......_._........._._..-----__._.__._..�._._ ................_......_..._ _._..............�.._.........._...____....__...._._.......__............._----__.�..-----��_....._,.....__�.....-----�--._._�_..._...... Subtotal 10,901,739 4,469,395 4,529,057 6,046,609 15,350,136 41,296,936 Total Resources Expenditu res Bond Debt Service Payments /2 SB 2557 fee 4/ Adrrinistradon 3/ Loan Repayment to the City/4 New Bond Issue Debt Service Subtotal Project 8 Progrem Costs (priority 1) Redev North Sphere Property Desert Willow - Hote/ Development Corporate Office Park Redevelopment Emp/oyment Training Center 3rd Municipa/ Go/f Course Acquistion of Property-North Sphere Park Landscape Medians Frank Sinatra lmprovements 1-10, Cook Street, Monterey Subtotal 20,975,007 8,313,406 6,698,194 7,187,819 18,966,876 1,518,398 102,597 310,000 8,350,000 0 6,600,000 0 0 0 0 0 0 250,000 6,850,000 1,514,790 110,180 319,300 1,350,000 0 3,294,270 0 0 1,250,000 1,000,000 0 0 350,000 250,000 2,850,000 1, 514,805 113,300 328,879 1,350,000 0 3,306,984 0 0 0 0 0 2,000,000 0 250,000 2,250,000 1,513,320 119,014 338,745 1,350,000 0 3,321,080 0 0 0 0 0 0 0 250,000 1,507,918 7,569,231 124,986 570,076 348,908 1,645,832 1,350,000 13,750,000 511,671 511,671 3,843,483 24,046,610 0 0 0 0 12,000,000 0 0 250,000 12,250,000 6,600,000 0 1, 250, 000 1,000,000 12,000,000 2,000,000 350,000 1,250,000 24,450,000 Total Expenditures 17,130,995 6,144,270 5,556,984 3,571,080 16,093,483 48,496,810 Subtotal -Available Fund Balance 3,844,011 2,169,137 1,141,210 3,616,740 2,873,393 Priority 2 Projects & Programs 37,681,000 Ending Available Fund Balance 3,844,011 2,169,137 1,141,210 3,616,740 (34,807,607) 1/ Assumes increases in Secured Values of 4.5% plus idenfrfable new devebpment Tax increment revenue is net of housing set aside and taxing agency payments 2/ Per City Budget 3/ Inflated by 3% annualy 4/ Represents net SB 2557 fee. Housing Fund is charged its proportional share of this County Charge. 5/ Includes one 5me repayment of ban for Desert Wilbw Club Housing. Palm Desert Redevelopment Agency 21 Five-Year Implementation Plan 1999-00 through 2003-04 1999-00 2000-01 2001-02 2002-03 2003-04 Resolution No. 385 PROJECT AREA NO. 3 The City Council approved the Ordinance adopting Project Area No. 3 on July 11, 1991. Project Area No. 3 encompasses approximately 764 acres (668 parcels) of residential, office, and industrial uses. Project Area No. 3 is generally bounded by Portola Avenue and Cook Street to the west, the City boundaries 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 not a part of Project Area No. 3. The Agency's Report to the City Council requesting the proposed Redevelopment Plan indicated that the area had been selected because of the presence of buildings and structures suffering from age and physical obsolescence, deterioration, and dilapidation. Also cited were conditions of defective design and characteristics of physical construction; faulty interior arrangement and exterior spacing; inadequate provision for light, ventilation, sanitation, open space and recreation; and inadequate public improvements and community facilities. The primary objectives of the Redevelopment Plan for Project Area No. 3 include the elimination of conditions of blight; the improvement of traffic circulation; the elimination of drainage deficiencies; the rehabilitation or removal of substandard buildings; the stimulation of private investment; and the provision of needed public improvements and public facilities. The Redevelopment Plan also provides for the expansion of recreation facilities and open space. Goals and Objectives of the Agency The following goals and objectives address the blighting conditions still found within Project Area No. 3. These goals formulate the overall strategy for this Implementation Plan and will serve as a guide for the Agency's activities during the next five years. • Remove Blight. To eliminate and prevent the spread of blight and deterioration, and to conserve, rehabilitate, and redevelop the Project Area in accordance with the Redevelopment Plan and Annual Work Programs. • Encourage Stakeholder Participation. To encourage the cooperation and participation of residents, businesspersons, public agencies, and community organizations in the revitalization of the Project Area. • Encourage Private Sector Investment. To encourage private sector investment in the development and redevelopment of the Project Area. • Diversify and Expand Economic Base and Employment Opportunities. To promote the economic well being of the Project Area by encouraging the diversification and development of its economic base and employment opportunities. � Promote Compatible Commercial and Residential Development. To encourage the development of commercial and residential environments which positively relate to adjacent land uses, and upgrade and stabilize existing uses. Palm Desert Redevelopment Agency 22 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 • Facilitate revitalization by acquirin� propert to provide public facilities. To provide needed improvements to the community's recreation, education, cultural, and other community facilities to better serve the Project Area • Improve Community Facilities. To provide needed improvements to the community's education, cultural, and other community facilities to better serve the Project Area. • Expand Resources for Land Development. To expand the resource of developable land by making underutilized land available for redevelopment. • Improve Public Infrastructure. To provide needed improvements to the utility infrastructure and public facilities that serve the Project Area. • Address Traffic Circulation and Parking Deficiencies. To improve traffic circulation through the reconstruction and improvement of existing streets in the Project Area. Provide for necessary public parking to address parking deficiencies. • Provide Affordable Homeownership Opportunities. To improve housing and assist low and moderate-income persons and families to obtain homeownership. • Increase and Improve the Community's Supplv of Affordable Housing. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. Review of the Prior Imp/ementation Plan The Agency's first implementation plan, adopted in December 1994, delineated a series of non- housing programs for Project Area No. 3, of which the Improvements to Cook Street at the Whitewater Channel were completed. Palm Desert Redevelopment Agency 23 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Anticipated Projects and Programs — Project Area No. 3 The following summary matrix for Project Area No. 3 describes the proposed redevelopment or non-housing programs and projects planned for the next five years (see Tables 3-1 and 3- 2). The matrix describes each proposed program, gives the projected time frame for implementation, identifies Agency goal's to be achieved, and identifies the blighting conditions the program will address. Anticipated program expenditures are based on projected t� increment revenue expected for FY 1999-00 to FY 2003-04. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 3. Palm Desert Redevelopment Agency 24 Five-Year Implementation Plan 1999-00 through 2003-04 N 0 U N W O1 � O1 m U > m U Q W O � m E W � m E F � Q a 0 0 0 0 0 � � � N N �U N T N C N m � � �U p m w U � C C O � a �� � � ` 7 .0 � �fi 7 y m m � U C 7 � ' � � Y C C f0 f0 J o m I .� E � a N i � c � m ' 7 !' n p j 'V i U1 U LL i O N � «T� � L d C Y � C � � � > u E , H aa E � 7 O m m a � � O � O O � c c n'ni w w � E tn 0 N O N C V � m � c � i E � I ; C � oF ; G ;�„ 1 £ o i c d � i � t � V � ' N N �U w T N C A N � . _ �u- - � � I u .o i p c � 1 �� � i _,� i � � U � j �U ` u��° � U C 7 � ' � � m O � � Y 6 � J � i a�i i i � < L N � i j y � i C � :.. 1 � U 'V f 7 � 2 N � f ) N � � f N C ) � C 7 f i > ,g E c � aB E � 7 O n rnd V i 1 N � p� � 7 7 Q � ' i � a n i i w � � ` � � � o � i� a ' y 1 1 d � U d V LQ : Y � 10 i ;a � 1 � i '� E � ' y : j 3 1 � i 1 � N N �U w a y C 7 N � � � � U p " � U i 1 O (CO 1. �� � � � 7 ) � U 1 V � i 1 'O y i � R @ � U C � i `�k' T N p i ) ��-' y I i 1 � � i : (0 J � 1 N � � � i � L !A ; > m � E C � : � � O � V f 2 � , I N N � i y � .w 1 j � C j f j � .V � < n rna V � c I 7 O O i � O U O_ �. S iw` � � ` � � � 10 . �� � � . u � iu I� � �� � �« F ' � � � � 3 `� � O1 N C I ; y � v ' ia�E� - � - N I l0 ' C y � i � � y `o � � � � � : a y:-.= � i � m � : C pC .) i ) l0 fJ V i : Uj l0 � i i � V p i y y C � ) � L (�j i i a u� � c c � O N � � E � d N � U j � � C N' iaoU ' � N 1 � N � L r i N � i W .� � y o, � � G1 Of ^ N f`0 f 1 7 7 f i . c c i iww c iY t �`�- i C m e L � � C � °' .c � N �.. 0 � � � � j N @ 7 � � � ' C C � @ N � 7 � O � s �:__ N a = � C l0 N � C � � C ? � U " � �p 'O j N U � 7 1 � d N � H oa�i� '�Ea� p, y U O1 � c o 0 n � � � U% F�% C � y C � O L �1 N � N Y > � a YO '�. � y a � o'� i 1 � � N U I @ (p �` m � I � > > � � � I '°°°dE'�I �W WOdli � �� d 'o a � d ? N Ni �U w T y C ' � E o �� E � � U � O c 1 �� � _ N` - ` 7 J �'j i�� 2 � 1 C � u f0 U C 7 � � � o « Y � C f6 - l0 J a �, � a�i i0 � L o, m � � ti a m'� LL v � a i"� N � ip C4 � C O O N a . • , (6 n � i ) � ) ."@_' i m .LL F � m N i � o V � 1 L p � LL N � " N � � E � � H � • � a � ' z w ' � � a • ;d O E W . : � � � � W :Q o � W � � � i � I�W � i� } � U > � � d LL � 9 J � � � > 0 O . Q' � • d Resolution No. 385 N N �U W T y C '- .g E i = E � � � � o � � L � � � _ � U j �U ` � � ���° ' V C I r � O I i �"' Y 3 � J I i N i � L V) � C � � _ � = L p � 'U N I N � r m C C 1 � j > U � i G � � � o c,a' U I N m � ( � � `O O � � c� n n F iw � � ` 0 � � L p " o N 4 ! �1 1 �e f o i U i v � C � ) � � � .� < a° a ar C t J < T > � O x ' � h � - i � � I N U � N N C • U 11 � I � a � j f � O � i �' i E fA N N N �U �U w w �+ T C C � > > : � � � � � � -o a 1 � � _ � � ' 7 7 � iJ U � 2 � j, N Vl � � � � C C 7 ' r o 0 ' J J C � � N � � .O y U > � N 47 C � j :. c = o $ � � I N 2 LL I N � � Y i C � �4,,,1 � C C �p 7 I . > d U E � � � C 3 O ! i d N d(� � OI � 0 N � � � � � j n a w O � E i a� � 3 O <.i O C7 `o_ 'c 7 7 V N 'O . � N c Resolution No. 385 Five-Year Budget — Project Area No. 3 Table PA 3-3 present the Implementation Plan's preliminary redevelopment activity budget for Project Area No.3 (non-housing programs). Tax increment revenues provided are net of housing set aside amounts and taxing agency pass through payments. They were estimated based on a conservative increase in secured and unsecured assessed values with verifiable new development values added. The budget also contains other project revenues, including interest earnings and loan repayments. Expenditures were based on the 1999-00 budget, and include bond debt service, required payments to Riverside County, and administrative costs. In total, the Agency anticipates expending $6.725 million on "Priority 1" redevelopment or non- housing programs that will benefit and address the needs of the Project Area. Palm Desert Redevelopment Agency 26 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Revenues Tax Increment Revenue 1/ Interest Eamings City Advances 564,799 607,724 651,900 697,364 744,156 3,265,942 7,625 7,625 7,625 7,625 7,625 38,124 0 0 0 0 0 0 �Ub�Br._.....__.�....�.�...�.__.��..�......_........_�..�....._......._.._.._...._�.._...572,424..�_.�........__�.......615,349...._..._.__._..659�,524._........�.._..�..704,989.___._�._._..._�751,780...__ 3,304,066 Total Resources 583,430 -8,512 191,438 434,500 -778,068 Expenditures Bond Debt Service Payments /2 Administration 3/ SB 2557 fee 4/ Subtotal Projects & Programs Costs (priority 1) Cook Street Improvements "T" Intersections Cook St. lmpov.lndustnal Park Access Road Provide Joni Drive Extension Commercial /Industria/ Rehabilitation Underground Unsight/y Utility Lines Provide fo� Reimbursement to Riverside County Subtotal 0 45,000 12,291 57,291 0 500,000 250,000 100,000 0 300,000 1,150, 000 0 46,350 13, 225 59, 575 0 0 0 100,000 0 300,000 400,000 0 47,741 14,186 61,927 0 0 0 100,000 0 300,000 400,000 0 49,173 15,175 64,348 1, 500, 000 0 0 100,000 0 300,000 1, 900, 000 0 50,648 15,175 65, 823 0 0 0 100,000 2,475, 000 300, 000 2,875,000 0 238, 911 70,052 308, 963 1, 500, 000 500, 000 250,000 500,000 2,475, 000 1,500,000 6,725,000 Total Expenditures 1,207,291 459,575 461,927 1,964,348 2,940,823 7,033,963 Subtotal -Available Fund Balance (623,860) (468,087) (270,489) (1,529,848 ) (3,718,891) Priority 2 Projects & Programs 3,250,000 Ending Available Fund Balance (623,860) (468,087) (270,489) (1,529,848 ) (6,968,891) 1/ Assumes increases in Secured Values of 4.5% plus identifable new development Tax increment revenue is net of housing set aside and taxing agency payments 2/ Per City Budget 3/ Inflated by 3% annually 4/ Represents net SB 2557 fee. Housing Fund is charged its proportional share of this County Charge. Palm Desert Redevelopment Agency 27 Five-Yeaz Implementation Plan 1999-00 through 2003-04 1999A0 2000-01 2001-02 2002-03 2003-04 Beginning Available Fund Balance 11,006 -623,860 -468,087 -270,489 -1,529,848 Resolution No. 385 PROJECT AREA NO. 4 The City Council and the Riverside County Board of Supervisors approved the Ordinances adopting Project Area No. 4 in July of 1993. Project Area No. 4 encompasses 2,260 acres of predominantly low-density residential land use with small areas of commercial (10 acres) and public uses. At the time of adoption only 637 acres of this area was located within the City of Palm Desert. The remaining portion of the Project Area was located in an adjacent area of the unincorporated territory of the County of Riverside, which the City of Palm Desert later annexed. Project Area No. 4 generally includes the territory bounded on the west by El Dorado Drive running southward to the City of Indian Wells boundary line, then eastward to the boundary point between the then County territory and the City of Indian Wells. The western boundary follows this boundary line southward to Fred Waring Drive. Fred Waring Drive is the southern boundary with Washington Street being the eastern limit. Country Club Drive is the northern boundary running from Washington Street westward to El Dorado Drive. Project Area No. 4 was characterized in the Agency's 1993 Report to the City Council as containing a variety of conditions, which adversely impacted the economic viability, as well as the health, and safety of persons and properties located within Project Area No. 4. In some of the unincorporated portions of Project Area No. 4 development occurred in a seemingly unrestricted and unplanned manner. Streets were, and are still, unpaved and residential dwellings have been developed without regard to standard design and setback requirements. Further, Project Area No. 4 was characterized by containing blighting conditions such as the lack of and/or inadequate public infrastructure improvements, including a poorly designed circulation system; aging and deteriorating housing; and inadequate public, cultural, and recreational facilities. The primary objectives of the Redevelopment Plan for Project Area No. 4 include the improvement of the traffic circulation system and freeway access; the elimination of drainage deficiencies; the provision of needed community facilities; the rehabilitation or removal of substandard buildings; and the rehabilitation of the existing housing stock where needed. Goals and Objectives of the Agency The following goals and objectives address the blighting conditions still found within Project Area No. 4. These goals formulate the overall strategy for this Implementation Plan and will serve as a guide for the Agency's activities during the next iive years. • Remove Blight. To eliminate and prevent the spread of blight and deterioration, and to conserve, rehabilitate, and redevelop the Project Area in accordance with the Redevelopment Plan and Annual Work Programs. • Encoura�e Stakeholder Participation. To encourage the cooperation and participation of residents, businesspersons, public agencies, and community organizations in the revitalization of the Project Area. • Encourage Private Sector Investment. To encourage private sector investment in the development and redevelopment of the Project Area. Palm Desert Redevelopment Agency 28 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 • Diversify and Expand Economic Base and Emplovment Opportunities. To promote the economic well being of the Project Area by encouraging the diversification and development of its economic base and employment opportunities. • Promote Compatible Commercial and Residential Development. To encourage the development of commercial and residential environments which positively relate to adjacent land uses, and upgrade and stabilize existing uses. • Facilitate revitalization bv acquiring property to provide public facilities. To provide needed improvements to the community's recreation, education, cultural, and other community facilities to better serve the Project Area • Improve Community Facilities. To provide needed improvements to the community's education, cultural, and other community facilities to better serve the Project Area. • Expand Resources for Land Development. To expand the resource of developable land by making underutilized land available for redevelopment. • Improve Public Infrastructure. To provide needed improvements to the utility infrastructure and public facilities that serve the Project Area. • Address Traffic Circulation and Parking Deficiencies. To improve traffic circulation through the reconstruction and improvement of existing streets in the Project Area. Provide for necessary public parking to address parking deficiencies. • Provide Affordable Homeownership Opportunities. To improve housing and assist low and moderate-income persons and families to obtain homeownership. • Increase and Improve the Communitv's Supply of Affordable Housing. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. Palm Desert Redevelopment Agency 29 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Anticipated Projects and Programs — Project Area No. 4 The following summary matrix for Project Area No. 4 describes the proposed redevelopment or non-housing programs and projects planned for the next five years (see Tables 4-1 and 4-2). The . matrix describes each proposed program, gives the projected time frame for implementation, identifies Agency goal's to be achieved, and identifies the blighting conditions the program will address. Anticipated program expenditures are based on projected tax increment revenue expected for FY 1999-00 to FY 2003-04. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 4. Palm Desert Redevelopment Agency 30 Five-Year Implementation Plan 1999-00 through 2003-04 N � U �� • C N � Q 'D N N • � N W '� N l6 �l � L �1 m OO N z r�. 1�--� �0 � � Q . � '1 � _, O d � � ca � N � H � � i � � a 0 O 0 N � 3 '0 C 7 y C 7 � C N >. L O> .y � � a� • � N > � � C < � � N , a�. � � � < � �1 �. ( m � � � < . � � � � �w � E 0 0 o� 01 � 1 i C 1 O � w A V w � f lo t G1 m < ! � .` 1 G C j �L ' � ' � N ' m� � lL � � N �U l9 w T C N � ' w � � �� O I ,F U : � � � O � ' L � � f ' � 7 1 � � U � �U ` � � : ; C � ( N U � i � w : r � p 1 �, Y I f ' fC6 J ` � m N � � w ' C 7 '- : � i � ` @ 1 N N V' . N � � I � = C I � i c v E � a 7 O t 1 �a U � � d d S > > > �3 a$f :w � � � � � N � E � y < a� � > � C t O j � � N 1 w1 1 f0 � ' > f D �. � j � < � c� ' �� £ � ic :w Resolution No. 385 ° � _ o 0 O � • . o � � T _ M � � � � fil u • � N ' 1 N C � w � � . � .� j ' _ � N 1 d � O ' > += �r 7 �U Vl O 1 � w O ,•_-T• : � � � — 1 ) 'C � � � 3 � U •j i �p U ) O U � E , U ' � O 1'p >+p < t i m n. u�i � � ,�� s � E! ' a N � U � � C f0 ' i �' `o i � y L L +�-� � Y � j � > .� i tll p, � i � � >m m c ' > > i � i W W � i o p� O � 0 � N +t-� N � Y � � A 1 •a im � � C � O { t� ; �� � � � . > y ' � �. S C N � � w' � � f � • � C � : -Q � y f� j l6 7 'O L . C C f0 i 1 w y (p 7 : f j O .w � i y � � 3 � f0 tll C � � C O > O7.- • � � V U � O [ ' � � � _ � i N o� Yo c N N C � U I� d � o J � y � � �, � T � N y � N y C �� � N � � C � o � � � V � N N 'O � O fC C � ' C � X f0 N ; �1 � d a .�. n � � � o �� � 1 a y f6 U a� ���,r::�g ! o o � � = F ' a a� o � F � E �oaii ° i � I .(O w N 7 2'i N lC C : U n;a �a � •'o i � � � -,. ��R Oo� • ^..i„ Z • � � N Q � � � �. � •� • � � � +L.+ O � � = y N l0 � J _ +L+ C 7 �U �/7 � ) "�- O w 7 � � � � C � l0 N D � U •U p� c V ) O U � �7 O S '� T p jq ; �a a � �� � a c U � u� ._ � � � o C 7 � U � � � � c f` �dq C y .O w � lC � �0 C a '_ N . U C N O. � � 7 a C O N :a o,� � > m m,Z�?: i o � � � � ' �w`�a.iil ) � . � 1 c� 1 d . Q �a n � �= ) � � � W � C� N � O P�. Resolution No. 385 Five-Year Budget-Project Area No. 4 Table PA 4-3 present the Implementation Plan's preliminary five-year budget for the Project Area No.4 (non-housing programs). Tax increment revenues provided are net of housing set aside amounts and t�ing agency pass tl�rough payments. They were estimated based on a conservative increase in secured and unsecured assessed values with verifiable new development values added. The budget also contains other project revenues, including interest earnings and loan repayments. Expenditures were based on the 1999-00 budget, and include bond debt service, required payments to Riverside County, and administrative costs. In total, the Agency anticipates expending $12.8 million on "Priority 1" redevelopment or non- housing programs that will benefit and address the needs of the Project Area. Palm Desert Redevelopment Agency 32 Five-Year Implementation Plan 1999-00 through 2003-04 _ Resolution No. 385 Revenues Tax Increment Revenue 1/ 856,846 900,778 1,101,230 1,478,153 1,582,749 5,919,755 Interest Eamings 280,000 30,000 30,000 30,000 30,000 400,000 New Tax Exempt Bond Issue Debt Service 0 0 0 0 9,826,325 9,826,325 ..�U��O��_........._.....��....__�.�.......�..._._.�.�_....�.........�..._.._.�.� 1,136�846 .__._��..�_...� 930�778�......_...�.....__..1�131,230.�_._........_.. ��508,153_.._._._.11,439�074 16�146,081 Total Resources 12,689,475 8,343,820 8,850,677 9,390,199 14,845,696 Expenditures Bond Debt Service Payments /2 SB 2557 fee 4/ Administration 3/ New Tax Exempt Bond Issue Debt Service Subtotal 354, 971 42 8, 091 507, 056 46,318 57,232 68,353 135, 000 139, 050 143, 222 0 536,289 624,373 718,631 756,196 761,796 2,808,110 79,863 85,510 337,277 147,518 151,944 716,733 713,872 713,872 983,577 1,713,122 4,575,992 Project & Program Costs (priority 1) Fred Waring Drive Beautification 520,000 0 0 0 0 520,000 Washington Avenue (spot widening) 300,000 0 0 0 0 300,000 ConstructWallHovelyAvenue 2,920,144 0 0 0 0 2,920,144 ' Acquisition and Construction Regional Park 1,000,000 0 250,000 5,000,000 0 6,250,000 Sfrom Drain /mprovements 0 0 0 0 1,817,889 1,817,889 Education Facilities Enhancements 1,000,000 1,000,000 Subtota/ 4,740,144 0 250,000 5,000,000 2,817,889 12,808,033 Total Expenditures 5,276,433 624,373 968,631 5,983,577 4,531,011 17,384,025 Subtotal - Available Fund Balance 7,413,042 7,719,447 7,882,047 3,406,622 10,314,685 Underground Unsight/y Utility Lines-Priority 2 4,571,000 Ending Available Fund Balance 7,413,042 7,719,447 7,882,047 3,406,622 5,743,685 1/ Assumes increases in Secured Values of 4.5% plus identifiabie new development Tax increment revenue is net of housing set aside and taxing agency payments 2/ Per City Budget 3/ Inflated by 3°� annually 4/ Represents net SB 2557 fee. Housing Fund is charged its proportional share of this County Charge. Palm Desert Redevelopment Agency 33 Five-Year Implementation Plan 1999-00 through 2003-04 1999-00 2000-07 2001-02 2002-03 2003-04 Beginning Available Fund Balance 11,552,629 7,413,042 7,719,447 7,882,047 3,406,622 Resolution No. 385 Anticipated Housing Projects and Programs — All Project Areas The following summary matrix for the Agency's Housing Program describes the proposed housing programs and projects planned for the next five yeaxs (see Table H-1). The matrix describes each proposed program, gives the projected time frame for implementation, identifies Agency goal's to be achieved, and identifies the blighting conditions the program will address. Anticipated program expenditures are based on projected tax increment revenue expected for FY 1999-00 to FY 2003-04. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the all of the Project Areas. Palm Desert Redevelopment Agency 34 Five-Year Implementation Plan 1999-00 through 2003-04 N � � U a U c � d � Q N N � � WI � N f0 rn � 01 m v > a� U . Q • m . � a� E � . � � _ E � O) � a. 0 O O 0 0 O � � N aL-� '= O � � = y N � w � c N � C T O += v � C N N p 9 �I V V C � U � 7 N C � L O in a u�i � i rn c .N 7 O t N � m v � Q O T n. a � > O �. � L � c m m ( O � y U � _ � o < O < m i f « c Gf � � a Q � C a ° Q' a� ',g m � � c 0 .� U U � - N ' O � ' _ y °�j � - N C ' a � � ' _ � � . c n � � ] !" � ' a f0 ' � � N � : j �j 0f � � U C V U ' � O � � . q C � C s. p j/1 O L N � W f rn c N tA N 7 :�. � 'c L � N t' � O (0 �- v �- � o O � � a � Q L w ` t`�q O j T C C �. O a � a� U � � y > 2 d a N `O E m J � � . n a 'D o .: 7 m m Q ( u m � i o � v 1 U C U O ', � W � a � J L a < � p� O f � c+� c O J w N � 1 �` � � u � � LL � d A c s � � � C �+ Y ' L '��, V y 7 'r ? = O _ � � 7 I _ � c n � � w 3 � N fA j � C U � � � 7 � C � � U y � � o y N .0 7 � O a a c a � L � ` N � > C � O `o °� U p N = y N � � - � v n a o u m ¢ � 'o � � C � w a � L � ) p� O � � M � � O � w N 0 O O 0 0 N N V� c 0 .� U N � L �1 _ Q V .� � � — N C �y � N r � E y � 7 C O � 'O :_ � m C .� N � � � C � U V U ' .N C � C T p y O a u�i a w rn c .y O L N � m v c � N Q N � � T C n `o � � � N � N O °� a L � � °� o' c m � m a� � a� E U °' y C U � w = O L O I � � O � O N +�-� N c 0 � a R r � .� V° � c 0 .m U N � L N '"' O 'O .� � � — � C � y fO � E w c y � 7 C O � 'p :_ � m p � � � V V C U � ' .tU-A C � C T p y O a u�i o w rn c .N 7 0 L N a m v c � N Q y O j T C a `o � U � N � y � O °� a L � � � �' c m � m m m � > N � U � N C V � w 5 a O M O O N C N N i:1 U c N � d a A 'O '� Q °' c o. m 'o c x Resolution No. 385 O N O O O Op o <o 10 N n ao � � � c 0 .� U N � L N .� O � � � — y C � � w c � N � 7 O .+T� 'p :_ � m p � m � U U C U � ' .N C � C T p y O a a�i � w rn c .N 7 0 L N � m v c � N Q y O j T C Q `o � � � N j y O a� a f6 � L � rn a � op � m N m d � O N � C U � w = O M O O N A 0 a` rn c .y 3 O 2 a m x d � H U W �i Or rl � � � Qw Resolution No. 385 Five-Year Housing Program Budget Table H-2 present a preliminary five-year budget for the housing program. Tax increment revenues were estimated based on a conservative increase in secured assessed values. The budget also contains other project revenues, including interest earnings, home sale proceeds, housing mitigation fees, net operating income contributed by the Housing Authority and new bond issue proceeds. Expenditures were based on the 1999-00 budgets, and include bond debt service, the Housing Funds share of the County administrative fee, and administrative costs. In total, the Agency anticipates expending $23.8 million on affordable housing programs over the next five years. Palm Desert Redevelopment Agency 36 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Beginning Available Fund Balance 5,598,047 22,158,035 20,142,208 17,539,101 18,538,222 Revenues Tax Increment Revenue 1/ 6,114,531 6,709,182 7,122,866 7,586,120 7,977,764 35,510,463 Interest Eamings 80,000 80,000 80,000 80,000 80,000 400,000 Home Sale Proceeds (SFR) 200,000 200,000 200,000 200,000 200,000 1,000,000 Housing Mitigation 50,000 50,000 50,000 50,000 50,000 250,000 Net Operating Income - HA 900,000 900,000 900,000 900,000 900,000 4,500,000 Bond Issue Proceeds 15,000,000 15,OOO,Q00 ............�_....._......._..._..._...._.._........ ........_._............_� ........._.....�.__ ..._..�,..._.._..�._.__.___ . .............._.._........._.._...._.�._......_._................._...�.........�.................._.._................ Subtotai 22,344,531 7,939,182 8,352,866 8,816,120 9,207,764 56,660,463 Total Resources 27,942,578 30,097,218 28,495,074 26,355,220 27,745,985 Expenditures Bond Debt Service Payments /2 Administrative Costs 3/ SB 2557 fee 4/ New Bond Debt Service Subtotal 3,537,983 612,700 106,560 3,644,543 3,535,260 3,535,198 3,537,408 3,536,918 17,682,767 631,081 650,013 669,514 689,599 3,252,908 116,930 124,144 132,240 139,077 618,950 1,122,436 1,122,436 1,122,436 1,122,436 4,489,744 3,652,190 3,659,342 3,669,648 3,675,995 18,301,717 Projects & Programs Costs Santa Rosa 11 Rehabilitation 40/20 acre Deve/opment Sing/e Family Rehabilitation Multi-Family Rehabilitation Deve/op Affordable Senior Housing Project Se/f-He/p Housing Program Subtotal 1,000,000 - 5,792,820 480,000 510,000 1,480,000 6,302,820 5,506,632 540,000 1,250,000 3,577,350 570,000 7,296,632 4,147,350 6,000,000 1,250,000 2,000,000 750,000 10,000,000 1,000,000 14,876,802 8,100,000 2,500,000 2,000,000 750,000 29,226,802 Total Expenditures 5,124,543 9,955,010 10,955,974 7,816,998 13,675,995 47,528,519 Bond Reseve Funds (660,000) Ending Available Fund Balance 22,158,035 20,142,208 17,539,101 18,538,222 14,069,991 1/ For Tax Increment Revenue growth see assumptions for each Project Area 2/ Based upon City 3/ Inflated by 3% annually 4! Represents net SB 2557 fee. Housing Fund is charged its proportional share of this County Charge. Palm Desert Redevelopment Agency 37 Five-Year Implementation Plan 1999-00 through 2003-04 1999-00 2000-01 2001-02 2002-03 2003-04 Resolution No. 385 Housing Unit Estimates Section 33490(2)(A) of the Law requires that the implementation plan address housing fund revenues and expenditures, as well as any applicable housing production activities over the next five years. These elements are included in the Agency's Amended Ten-Year Affordable Housing Compliance Plan, incorporated herein by reference. In addition to these data, Section 33490(2)(B) requires various estimates of housing unit production over the time frame of the next five yeaxs, next ten years, and over the duration of the Redevelopment Plans. These estimates are included in Table H- 3 below. Housing Production/ Plan Adoptions through June1994 rme Frame Total Market Rate & Affordable Units Projected (H&S Sec. 33490(a)(2)(B)(I)) New Construction Substantial Rehabilitation Price Restricted Total Inclusionary Requirement (15% of Total) (H&S Sec. 33490(a)(2)(B)(ii)) Low and Moderate Income Very Low Income Total Units Developed to Meet Inclusionary Requirement (H&S Sec. 33490(a)(2)(B)(iii)) /1 Low and Moderate Income Very Low Income Total Units to be Developed by Agency (H&S Sec. 33490(a)(2)(B)(iv and v)) Low and Moderate Income Very Low Income All Others Total o e: 1/Units created or reserved outside of a project area is credited at 50%. Project Project Project Project Total Area Area Area Area No. All No.1 No.2 No.3 4 Areas All Project Areas Added As of June 94 July 1999- 1999- Plan to June 1999 2004 2009 Durations 99 Current 5 Years 10 Years 1/ 3,589 1,159 80 218 5,046 828 5,874 1,569 3,164 3,554 64 0 0 0 64 0 64 0 0 0 523 0 0 0 523 354 877 0 0 0 376 104 7 20 507 106 613 141 285 320 251 70 5 13 338 71 409 94 190 213 353 83/41.5 0 0 394.5 294 688.5 n/a n/a n/a 217 67/33.5 0 0 250.5 60 310.5 n/a n/a n/a na na na Duration of Redevelopment Pians are as follows: Original Project 1-2016, Added Territory 2021; Project No. 2- 2027; Project No. 3- 2031; and Project No 4-2043. n/a 0 n/a n/a n/a 0 n/a n/a n/a 0 n/a n/a na na na Palm Desert Redevelopment Agency 38 Five-Year Implementation Plan 1999-00 through 2003-04 Resolution No. 385 Monitoring of Implementation Plan Pursuant to Section 33490(c) of the Law, the Agency will hold at least one (1) public hearing to receive comments and testimony on the progress of implementing this Implementation Plan. Such a hearing will be held no sooner than two (2) years from the date of the adoption of this Implementation Plan, but in no case later than three (3) years from its adoption. The Agency may amend this Implementation Plan at anytime during its term if the Agency determines it is necessary to accomplish revitalization of the Project Areas. In addition, the Agency is required to review and update this Implementation Plan every five (5) years following a public hearing. Palm Desert Redevelopment Agency 39 Five-Year Implementation Plan 1999-00 through 2003-04