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HomeMy WebLinkAboutRes 496 Third Five-Year Implementation Plan/Affordable Housing Strategy & Compliance PlanPALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: ADOPTION OF THE THIRD FIVE-YEAR IMPLEMENTATION PLAN AND AFFORDABLE HOUSING COMPLIANCE PLAN FOR THE PALM DESERT REDEVELOPMENT AGENCY'S PROJECT AREAS SUBMITTED BY: JANET MOORE, HOUSING AUTHORITY ADMINISTRATOR CATHERINE WALKER, SENIOR MANAGEMENT ANALYST DATE: NOVEMBER 18, 2004 CONTENTS: AGENCY RESOLUTION NO. 496 THIRD FIVE-YEAR IMPLEMENTATION PLAN HOUSING COMPLIANCE PLAN Recommendation: By Minute Motion that the Agency Board approves Resolution No. 496 , adopting a Five -Year Implementation Plan for the Agency's Project Area No. 1 (Original and Added Territory), Project Area No. 2, Project Area No. 3, and Project Area No. 4; and adopting the Affordable Housing Compliance Plan, and making findings that the Agency may meet its affordable housing requirements in the aggregate amongst all of the Agency's Project Areas. Discussion: In 1993, the State of California enacted Assembly Bill 1290 adding Section 33490 to the California Redevelopment Law. Section 33490 of the California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ("Law"), requires this Implementation Plan to include the following: • Specific Agency goals and objectives for the Project Areas; • Specific programs, potential projects, and estimated expenditures proposed by the Agency over the five-year planning period; and • An explanation of how Agency goals, objectives, programs, and expenditures will eliminate blight within the Project Areas and improve and increase the supply of housing affordable to very low, low, and moderate income households. The Law also requires that this Implementation Strategy address the Agency's affordable housing production and replacement housing needs and achievements. These items are specifically addressed in the Housing Component ("Affordable Housing Plan and Strategy Compliance Plan"). In December of 1994, the Agency adopted its first Five -Year Implementation Plan (FY 1994-1999). The second Five -Year Implementation Plan was adopted in December of 1999 (FY 1999-2004). Both Five -Year Implementation Plans cover the four (4) adopted redevelopment project areas that encompass an estimated 11,771 acres of the City's incorporated territory. Additionally, pursuant to the requirements of the Law, the Agency has held a mid-term public hearing on the progress of each Five -Year Implementation Plan and has subsequently prepared a Progress Report for each plan. Staff Report Adoption of Third Five -Year Implementation Plan/Affordable Housing Compliance Plan Page 2 of 7 November 18, 2004 This Third Five -Year Implementation Plan serves as a blueprint for current and future Agency activities to eliminate blight and the Agency's implementation of its low and moderate income housing responsibilities. The Implementation Strategy is divided into two separate components; a Redevelopment Component and a Housing Component. The Redevelopment Component: 1) reviews the goals and objectives of each Redevelopment Project Plan; 2) identifies the Agency's strategy to achieve these goals and objectives; 3) presents the projects, programs and expenditures (other than those relating to low and moderate income housing) that have been developed as a means to attain the goals and objectives; and 4) describes how the goals and objectives, projects, programs and expenditures will eliminate blight within the Project Area. Additionally, Pursuant to Section 33490 of the Law, an implementation plan must explain how the components of the plan will implement various requirements regarding low and moderate -income housing. Generally, the goals, activities and expenditures included in the Redevelopment Component of the Implementation Strategy do not implement the housing requirements of the Law. The activities that do implement these requirements are contained in the Housing Strategy. The Housing Strategy shows how the Agency's goals and objectives for low and moderate income housing preservation and production will be implemented and how the statutory requirements for the set -aside and expenditure of tax increment revenues for housing purposes will be met. The Implementation Strategy is a general statement of "direction" rather than an "unalterable course of action". It was prepared to set priorities for redevelopment activities within the redevelopment project areas for the five-year period covered by the plan and incorporates then currently known financial constraints in developing a program of activities to accomplish essential near -term revitalization efforts. However, new issues and opportunities are commonly encountered during the course of administering the redevelopment plans during the five-year period. Therefore, the Implementation Strategy may be amended, if necessary, to effectuate its purposes. REDEVELOPMENT ACTIVITIES, The Third Five -Year Implementation Plan (provided under separate cover) has been prepared as a composite plan for the Agency's four redevelopment project areas (Project Area No. 1 (Original and Added Territory), Project Area No. 2, Project Area No. 3, and Project Area No. 4). It contains goals and objectives for each project area, an assessment of conditions of blight, and a proposed five- year program of projects, projected resources and expenditures. Projects and programs anticipated to address redevelopment efforts include: Proiect Area No. 1 (Orioinal and Added Territory): Agency Projects • Business Enhancement Program • Portola Avenue Bridge construction • Living Desert parking lot improvements • Desert Willow Hotel construction • Frontage Road infrastructure improvements • Acquisition of the San Marino property • Acquisition of 12 Acres at Entrada del Paseo and Development Bond Funded Projects • College of the Desert Public Pool • Construction of the Catalina Recreation Center • Infrastructure Improvements to El Dorado Street • Undergrounding of utilities Page 2 of 7 G:\RDA\Marla Hunt\WPDATA\WALKER\staff reports\3rd •5 Yr Implementation Plan Staff Rpt.doc Staff Report Adoption of Third Five -Year Implementation Plan/Affordable Housing Compliance Plan Page 3 of 7 November 18, 2004 • Palms to Pines Central Infrastructure Improvements • Palms to Pines West Infrastructure Improvements — West Highway 111 • Landscape improvements throughout Project Area • Fred Waring Drive infrastructure improvements • 12-Acres — Entrada del Paseo — Design, Construction, Development and Implementation of Palm Desert Visitors Center Proiect Area No. 2: Agency Projects • Desert Willow Pads • CVWD Desert Willow • Land Acquisition — Open Space Bond Funded Projects • Landscape Improvements • Desert Willow Improvements Project Area No. 3: Agency Projects ■ 42nd Avenue Sidewalks • Sewer improvements on Merle ■ Perimeter Landscaping • Soccer Park • El Dorado Proiect Area No. 4: Agency Projects ■ Fred Waring Drive beautification, widening and wall construction • Construction of Freedom Park • Construction of CVAG interchanges • Warner Trail storm drainage improvements • University of California Riverside Graduate Facility ■ Underground unsightly utilities AFFORDABLE HOUSING ACTIVITIES The Five -Year Implementation Plan -Housing Component (2004/05 through 2008/09) and Ten -Year Affordable Housing Compliance Plan (2004/05 through 2013/14) have been jointly prepared as the Affordable Housing Plan and Strategy intended to address the demand for very low, low and moderate income housing and better utilize both physical and financial resources available. This strategy is focused on meeting or exceeding the inclusionary housing unit production requirements of California Community Redevelopment Law ("Redevelopment Law"), the Stipulation regarding affordable housing, and the Regional Housing Needs Allocation (RHNA) new construction figures. Community Redevelopment Law The Housing Strategy presents a summary of the Agency's affordable housing programs. It also presents a reconciliation of the Agency's replacement housing obligations and provides a forecast of the number of housing units that are or will be needed to be reserved and affordable to very low, low and moderated income persons or over the next ten years (fiscal years 2004/05 through 2013/14) and until the termination of the Redevelopment Plans. The Agency's efforts to produce affordable housing over the last 10 years (1994/95 through 2003/04) have resulted in the Agency exceeding Page 3 of 7 G:\RDA\Maria Hunt\WPDATA\WALKER\staff reports\3rd -5 Yr Implementation Plan Staff Rpt.doc Staff Report Adoption of Third Five -Year Implementation Plan/Affordable Housing Compliance Plan Page 4 of 7 November 18, 2004 their 10-year affordable housing unit requirements. The Agency's prior 10-year inclusionary housing unit need was established by a detailed review of housing units built in the Project Areas from adoption through June of 1994 and projections of units to be built from July of 1994 through June of 2004. It was estimated that the prior 10-year unit need was for 868 affordable housing units of which 354 were required to be specifically restricted for very low-income households. During this period, the Agency successfully created or facilitated the restriction of 1,349 units affordable to low and moderate -income households with 594 of these reserved for very low income households. The Agency's 10-year production of affordable units has created a surplus of 481 units, which Redevelopment Law allows the Agency to carry over to the next 10-year period (2004/05 - 2013/14). Additionally, the Agency is currently developing and/or supporting private projects that will result in the restriction of 134 new affordable units. Projections for the current 10-year period, 2004/05 through 2013/14 has established an inclusionary housing unit need of 899 affordable units, of which 361 must be restricted as affordable to very low- income households. The 899-unit figure does not account for the Agency's carry over units and those new units currently underway. Therefore, after accounting for these credits and units underway, the Agency's remaining 10-year unit need is for 284 affordable units, 95 of which must be restricted for the very low income. Stipulation On May 15, 1991, the Superior Court of the State of California for Riverside County entered a Final Judgment in certain legal actions between the Westem Center on Law and Poverty, Inc, the California Rural Legal Assistance, Jonathan Lehrer-Graiwer and the City and Redevelopment Agency of Palm Desert (the "Parties"). The Judgment incorporated terms of a Stipulation for Entry of Judgment in the Case (the "Stipulation"). The Stipulation and subsequent amendments impose certain ongoing obligations on the Agency with respect to affordable housing within the City. It also provides that the Court continue to have jurisdiction over the matters covered in the Stipulation for the purposes of enforcement of the Stipulation. The Stipulation requires that the Agency develop, rehabilitate or acquire or cause to be developed, rehabilitated, or acquired, within the City, affordable housing units in specific amounts during specified periods. Current accounting indicates a Stipulation Production need of 1,205 affordable units by 2006. The Agency has provided 1,152 units leaving a deficiency of 53 units, which must be produced by 2006. Housing Element RHNA Housing Units The Housing Element of the City of Palm Desert General Plan establishes a housing program that sets a 5-year schedule to achieve goals and objectives. The Housing Element identifies suitable sites for the development of housing units, quantifies the number of units to be created by income level, and estimates the amount of funds available for housing programs to meet the RHNA figures. Additionally, the Housing Element identifies additional policies and programs to meet the housing needs of Palm Desert. Current RHNA housing unit numbers cover the period of 1998 through 2005. The total unit need for this period is 443 units of which 229 must be provided for very low, low and moderate income persons or households. To date the City has provided 127 units leaving a deficiency of 102 units to be provided during the next 13 months. Housing Programs and Projects The City and Agency will continue to be proactive in ensuring that affordable housing is developed within the four Redevelopment Project Areas and citywide. Projects and programs anticipated to address the City and Agency's housing responsibilities include: Page 4 of 7 G:\RDA\Maria Hunt\WPDATA\WALKER\staff reports\3rd -5 Yr Implementation Plan Staff Rpt.doc Staff Report Adoption of Third Five -Year Implementation Plan/Affordable Housing Compliance Plan Page 5 of 7 November 18, 2004 • Affordable Housing Proiects underway: Palm Village Apartments, -Substantial Rehabilitation and reconstruction of 12 units and construction of an additional 24 units of which all are to be two -bedrooms. Self Help Housing -Merle Street — will produce 14 three -bedroom ownership dwellings, all reserved for very low-income households. • New Construction of Ownership Units: Construction of 95 large family single-family homes on an 18-acre site. The 3 and 4 bedroom homes will be reserved for low and moderate -income households. • Development of Senior Citizen Housina: The Agency will pursue the development of 26 new senior housing units within the community. This project is targeted to reserve 13 affordable units for the very low income and 13 units for the low-income senior. • Sinale-Familv Rehabilitation: The Agency will continue its successful single-family rehabilitation program. It is estimated that 30 units of affordable housing will be produced during the next five years. • Multi-familv Rehabilitation: The Agency will purchase and rehabilitate suitable rental properties, thereby providing affordable units. Thirty percent of the total number of units are required to be for very low and low income of which not less than 50% will be very low-income affordable • Provide Developer Incentives for Affordable Housing — The Agency will provide financial assistance were necessary and appropriate to secure restricted covenants on privately development new single-family and multi -family housing units. Programs identified in the City's Housing Element that are anticipated for implementation during the next ten year period that are currently under development by Agency staff are: • Mortaaae Subsidy Proaram - Very low, low and moderate -income owners of single-family homes, condominiums and mobile homes may receive assistance if their mortgage payment exceeds 30% of their income. Assistance will be provided directly by the Redevelopment Agency. In exchange for the assistance, the homeowner will be required to enter into a recorded agreement with the Agency assuring affordability of the home for up to 45 years. • Rental Subsidy Proaram - Owners of single-family homes, condominiums, mobile homes or apartments who rent to very low, low, and moderate -income tenants may receive direct rental payment assistance from the Agency. The owner must, in exchange for the assistance, enter into a recorded agreement with the Agency assuring affordability of the rental units for up to 55 years. • Homebuvers Proaram - The Agency will provide assistance to very low, low, and moderate income persons in the form of low interest loans to be applied to down payment, non -recurring closing costs, reduction of the interest rate on the first trust deed, or any other cost associated with the purchase of a home. AGGREGATION OF HOUSING UNITS AMONG THE PROJECT AREAS Consistent with the Law, the Affordable Housing Plan and Strategy provides for the Agency to adopt a policy allowing it to meet it's affordable housing production obligation in the aggregate amongst all of the Project Areas, pursuant to the Agency's finding that based, on the nature of the ethnic and economic make-up of the City and the Project Areas, the aggregation will not cause or exacerbate racial, ethnic, or economic segregation. According to data obtained from the Mapinfo/Anysite Page 5 of 7 G:\RDA\Marla Hunt\WPDATA\WALKER\staff reports\3rd -5 Yr Implementation Plan Staff Rpt.doc Staff Report Adoption of Third Five -Year Implementation Plan/Affordable Housing Compliance Plan Page 6 of 7 November 18, 2004 database, the City of Palm Desert is 88.2% white; 1.1 % Black; 2.25% Asian; and approximately 6.5% of Palm Desert is of some other race. Included within the racial categories are persons of Hispanic origin equaling 20.47%. The distribution of racial and ethnic groups is further detailed by project area in Table 1 below. The median family income and percentage of families living below the median income for the City of Palm Desert is provided for each Project Area and the City itself on Table 2. The table provides income characteristics for both 2000 and 2004. The percentage increase of families in each Project Area with incomes below the City's median income from 2000 through 2004 is consistent with the increase for the City itself. Total Population White Alone Black Alone American Ind/Alask Asian Alone Hawaiian/Pac. Island Other Race Alone Two or More Races Total Persons of Hispanic Hispanic Origin (Any Race) 26.55% PA No. 1 PA No. 2 PA No. 3 PA No. 4 Palm Desert 25312 2306 2573 10500 58587 84.61% 92.76% 91.26% 87.81% 1.12% 1.21 % 1.44% 1.40% 0.56% 0.17% 0.35% 0.35% 2.71 % 2.04% 2.10% 2.11% 0.15% 0.04% 0.00% 0.06% 8.40% 2.39% 2.76% 5.62% 2.45% 1.39% 2.10% 2.65% 100.00% 100.00% 100.00% 100.00% 12.10% 88.19% 1.10% 0.41% 2.25% 0.09% 5.84% 2.10% 100.00% 16.36% 18.70% 20.47% Area No. 1 Area No. 2 Area No. 3 Area No. 4 City of Palm Desert Median Income 2000 $44,3431 $63,8001 $50,171 $46,5561 $46,785 2004 $47,743 $69,326 $53,37$50,793 $50,594 % of Households below City of Palm Desert Median Income 2000 50.62% 2004 51.93% 33.50%I 34.75% 45.53% 47.11% 48.73% 49.31% 48.29% 49.44% Page6of7 G:\RDA\Marla Hunt\WPDATA\WALKER\staff reports\3rd -5 Yr Implementation Plan Staff Rpt.doc Staff Report Adoption of Third Five -Year Implementation Plan/Affordable Housing Compliance Plan Page 7 of 7 November 18, 2004 ON FILE IN THE CITY CLERK'S OFFICE: Five -Year Implementation Plan Affordable Housing Plan and Strategy Submitted by: J net oore H mg Authority Administrator Department Head: �t L PI/6p—) Dave Yrigoy " Director of Redevelopment/Housing Carlos L. Orteg xecutive Director Catherine Walker Senior Management Analyst Approval: McCarthy edevelopment Page 7 of 7 G:\RDA\Maria Hunt1WPDATA\WALKER\staff reports\3rd -5 Yr Implementation Plan Staff Rpt.doc RESOLUTION NO. 496 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY ADOPTING A FIVE-YEAR IMPLEMENTATION PLAN FOR THE AGENCY'S REDEVELOPMENT PROJECT AREAS; AND ADOPTING THE AFFORDABLE HOUSING PRODUCTION PLAN, AND MAKING FINDINGS APPROVING THE AGGREGATION OF NEW OR SUBSTANTIALLY REHABILITATED DWELLING UNITS AMONG THE PROJECT AREAS WHEREAS, Section 33490(a)(1)(A) of the California Community Redevelopment Law, Health and Safety Code 33000 et.seq. ("Law") requires all redevelopment agencies to adopt an Implementation Plan every five years, following a duly noticed public hearing, and WHEREAS, Section 33490(a)(1)(A) requires that the Implementation Plan contain the 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 areas and implement the requirements of Sections 33334.2, 33334.4, 33334.6, and 33413 of Law, and WHEREAS, pursuant to Section 33490 of the Law, the Palm Desert Redevelopment Agency ("Agency") has prepared a Five -Year Implementation Plan, including a Ten Year Affordable Housing Compliance Plan, for Project Area No. 1 (Original and Added Territory), Project Area No. 2, Project Area No. 3 and Project Area No. 4, contained herewith as Exhibit A, and WHEREAS, Section 33413(b)(2)(A)(v) authorizes the Agency to aggregate new or substantially rehabilitated dwelling units in one or more project areas if the Agency finds, based on substantial evidence, after a public hearing, that the aggregation will not cause or exacerbate racial, ethnic or economic segregation, and WHEREAS, the Agency held, on November 18, 2004, a noticed public hearing regarding the Implementation Plan and regarding the aggregation of new or substantially rehabilitated dwelling units in Project Area No. 1, As Amended, Project Area No, 2, Project Area No, 3 and Project Area No. 4, and WHEREAS, substantial evidence has been presented to the Agency which demonstrates that: A. The population of the City of Palm Desert is 88.19% white; 1.1% Black; 20.47% Hispanic; 2.25% Asian; and approximately 6.34% of the Palm Desert population is of some other race. The distribution of racial and ethnic groups is further detailed by Project Area in the attached Exhibit 1. The data provided in Exhibit 1 demonstrates that the racial makeup of each Project Area, with the exception of Project Area No. 2, is like that of RESOLUTION NO.496 the City itself. However it cannot be assumed that racial, ethnic or economic segregation has developed or will be exacerbated. The population of Project Area No 2 is 92.76% white; 1.21% Black; 12.10% Hispanic; 2.04% Asian; and approximately 2.6% of Project Area No. 2 is of some other race. As Project Area No. 2 has the smallest current population of any Project Area and the majority of developable land for housing of any Project Area it can be inferred that as this Project Area is built out, it will take on the demographic characteristics of the City much like the other Project Areas which have already seen significant development. B. The median family income and percentage of families living below the median income for the City of Palm Desert is documented for each Project Area and the City itself in Exhibit 2. This exhibit details the income characteristics for both 2000 and 2004 populations. The percentage increase of families in each Project Area with incomes below the City's median income from 2000 through 2004 is consistent with the increase for the City itself, with the exception of Project Area No. 2. As Project Area No. 1 (Original and Added Area), Project Area No. 3 and Project Area No. 4 are consistent with the City in their median income levels and percentage of population living below the City median income it is clearly evident that the aggregation of units will not cause or exacerbate racial, ethnic or economic segregation. Project Area No. 2 has yet to benefit from substantial housing development and in fact has the greatest amount of developable land of any Project Area. An estimated 2,767 units can be constructed. Many of these units would be reserved for very low, low and moderate income families. In fact, aggregation will have little effect in Project Area No. 2 as most housing is to be developed in this Project Area and the effect of such development will be to more evenly distribute race, ethnicity and income. C. Each Project Area is of a different size and shape, each has its own capacity for housing development. Presently, a majority of developable land for residential units is available in Project Area No. 2 where approximately 2,767 units can be constructed. Project Area No. 1 (Original and Added Territory) is second with a potential 777 units, Project Area No. 3 follows with 554 potential units and Project Area No. 4 has the potential for an additional 76 units. The remaining units to be constructed in Project Area No. 1 (Original and Added Area), Project Area No. 3 and Project Area No. 4 will continue to mimic the racial, ethnic and income characteristics of the City and Project Area. Project Area No. 2 which has the vast amount of potential units will see the most significant change in its racial, ethnic and economic structure. However this change will not cause or exacerbate racial, ethnic or economic segregation but will in fact lead to a more diverse area mimicking that of Project Area No. 1 (Original and Added Area), Project Area No. 3, Project Area No. 4 and the City itself. 2 RESOLUTION NO.496 WHEREAS, the Agency seeks more flexibility to assist affordable housing units in various areas within the City of Palm Desert. NOW, THEREFORE, the Palm Desert Redevelopment Agency does hereby find, determine and resolve as follows: Section 1. The Agency hereby adopts the Five -Year Implementation Plan for Project Area No. 1 (Original and Added Territory), Project Area No. 2, Project Area No. 3 and Project Area No. 4, attached hereto as Exhibit A. Section 2. Based on information and testimony presented to the Agency, the Agency hereby finds, in accordance with California Health and Safety Code Section 33413(b)(2)(A)(v), the aggregation of new or substantially rehabilitated dwelling units in Project Area No. 1 (Original and Added Territory), Project Area No. 2, Project Area No. 3 and Project Area No. 4 will not cause or exacerbate racial, ethnic or economic segregation. Adopted at the regular meeting of the Palm Desert Redevelopment Agency on the 18th day of November, 2004, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: Robert A. Spiegel, Chairman ATTEST: Rachelle D. Klassen, Secretary 3 RESOLUTION NO. 496 Total Population White Alone Black Alone American Ind/Alask Asian Alone Hawaiian/Pac. Island Other Race Alone Two or More Races Total Persons of Hispanic Hispanic PA No. 1 PA No. 2 25312 2306 84.61% 1.12% 0.56% 2.71% 0.15% 8.40% 2.45% 100.00% Origin (Any Race) 26.55% 92.76% 1.21% 0.17% 2.04% 0.04% 2.39% 1.39% 100.00% 12.10% PA No. 3 Area No. 1 Area No. 2 Area No. 3 Median Income 2000 $44,3431 $63,8001 2004 $47,743 $69,326 2573 91.26% 1.44% 0.35% 2.10% 0.00% 2.76% 2.10% 100.00% 16.36% Area No. 4 PA No. 4 Palm 10500 87.81% 1.40% 0.35% 2.11% 0.06% 5.62% 2.65% 100.00% 18.70% $50,1711 $46,5561 $53,379 $50,793 % of Households below City of Palm Desert Median Income 2000 50.62%I 2004 51.93% 33.50%I 34.75% 45.53%I 47.11% 48.73% 49.31 Desert 58587 88.19% 1.10% 0.41% 2.25% 0.09% 5.84% 2.10% 100.00% City of Palm Desert $46,785 $50,594 48.29% 49.44% 20.47% 4 Palm Desert RedevelopmentAgency Third Five -Year Implementation Plan (FY 2004.05 through 2008-09) • Project Area No. 1 • Project Area No. 2 • Project Area No. 3 • Project Area No. 4 Adopted , 2004 Palm Desert RedevelopmentAgency 73-510 Fred Waring Drive Palm Desert, CA 92260 RSG INTELLIGENT COMMUNITY DEVELOPMENT ROSENOW SPEVACEK GROUP INC. 309 West 4th Street Santa Ana, California 92701-4502 Phone: (714) 541-4585 Fax: (714) 541-1175 E-Mail: infoewebrsa.c;om City of Palm Desert REDEVELOPMENT AGENCY BOARD Robert A. Spiegel, Chairperson Buford Crites, Vice Chairperson Jean M. Benson, Agency Member James Ferguson, Agency Member Richard Kelly, Agency Member REDEVELOPMENT AGENCY STAFF Carlos L. Ortega, Executive Director William Strausz of Richards Watson & Gershon, AgencyAttomey Justin McCarthy, Assistant City Manager/Redevelopment Paul S. Gibson, Finance Director/Treasurer David L. Yrigoyen, Director of Redevelopment & Housing Janet M. Moore, Housing Authority Administrator Rachelle D. Klassen, City Clerk Dennis M. Coleman, Redevelopment & Housing Finance Manager Jose Luis Espinoza, Assistant Finance Director Lauri Aylaian, Redevelopment Manager Catherine Walker, Senior Management Analyst Third Five -Year Implementation Plan Palm Desert Redevelopment Projects Table of Contents Introduction 1 Contents of the Implementation Plan 2 Background 2 Project Area No. 1 (Original and Added Territory) 7 Anticipated Planning Period Projects and Programs 12 Five -Year Budget 16 Project Area No. 2 18 Anticipated Planning Period Projects and Programs 22 Five -Year Budget 25 Project Area No. 3 27 Anticipated Projects and Programs 29 Five -Year Budget 31 Project Area No. 4 33 Anticipated Projects and Programs 36 Five -Year Budget 38 Appendices Appendix 1— Affordable Housing Compliance Plan Third Five -Year Implementation Plan Palm Desert Redevelopment Projects Introduction This document is the third Five -Year Implementation Plan for the Palm Desert Redevelopment Agency (the "Agency") of the City of Palm Desert (the "City") for fiscal years 2004-2005 through 2008-2009. This is the Agency's third implementation plan prepared since the enactment of Assembly Bill 1290 which amended the California Redevelopment Law by 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 the 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 the agency's project area(s); and implement the housing requirements contained in the Law. Pursuant to Section 33490, the implementation plans, where required, were 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 1975 and subsequently amended in 1982 to add territory. Since then, the Agency has adopted three (3) additional redevelopment project areas; Project Area No. 2 — established in 1987; Project Area No. 3 — established in 1991; and Project Area No. 4 — established in 1993. 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. ROSENOW SPEVACEK GROUP, INC. PAGE 1 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS CONTENTS OF THE IMPLEMENTATION PLAN 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 Areas and will improve and increase the supply of housing affordable to very low, low, and moderate income households. 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. 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"). Over the past 28 years, the Agency has accomplished numerous redevelopment, development, and infrastructure projects that have revitalized many properties within all of its Project Areas. In December of 1994, the Agency adopted its first Five -Year Implementation Plan (FY 1994- 1999). The second Five -Year Implementation Plan was adopted in December of 1999 (FY 1999-2004). Both Five -Year Implementation Plans cover the four (4) adopted redevelopment project areas that encompass an estimated 11,771 acres of the City's incorporated territory. Additionally, pursuant to the requirements of the Law, the Agency has held a mid-term public hearing on the progress of each Five Year Implementation Plan and has subsequently prepared a Progress Report for each plan. ROSENOW SPEVACEK GROUP, INC. PAGE 2 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS A map of the Project Areas is presented on Figure 1 below: Palm Desert Redevelopment Agency Project Areas w ROSENOW SPEVACEK GROUP, INC. PAGE 3 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS PLAN LIMITATIONS Each Redevelopment Project Area is subject to its the Law. These limitations are summarized below. Table 1 summarizes the time and financial limits in Area. TABLE 1 PALM DESERT REDEVELOPMENT AGENCY own time and financial limits as required by the Redevelopment Plans for the Project _R ent Plan Lnations Plan Limits Date of Adoption Effectiveness of Plan/1/2 Tax Increment Bonded Debt Limit /3 Limit to Incur Debt Limit on Receiving Tax Increment and Paying Indebtedness/2 Original Area July 16, 1975 July 16, 2016 $758, 000, 000 None Eliminated/4 July 16, 2026 Added Territory November 25, 1981 November 25, 2022 $500,000,000 /3 $200,000,000 /5 Eliminated/4 November 25, 2032 Project Area No. 2 July 15, 1987 July 15, 2028 $800,000,000/5 $150,000,000/5 Eliminated/4 July 15, 2038 Project Area No. 3 July 17, 1991 July 17, 2032 360,000,000/3 100, 000, 000/3 Eliminated/4 July 17, 2042 Project Area No. 4 July 19, 1993 July 19, 2034 $200,000,000 /3 $600,000,000 Gross $135, 000, 000/3 Eliminated/4 July 19, 2044 1. Pursuant to Assembly Bill 1290 all pre 1994 redevelopment projects were required to adopt specific time limitations. On December 8, 1994 the City Council adopted the required Ordinances establishing such limits for each Project Area. 2. Pursuant to Senate Bill 1045 (Statutes of 2003, Chapter 260), which was enacted into law in September of 2003, the City Council will have the ability to extend each Project Areas Plan's effectiveness for the time period to collect tax increment by one year. 3. Tax increment cap and/or bonded debt limit is exclusive of amounts paid to taxing agencies and exclusive of amounts paid directly or indirectly by the Agency or any taxing entity to finance the acquisition of land, construction of buildings, facilities, structures or improvements for such taxing agencies. 4. Pursuant to Senate Bill 211(Statues of 2001 Chapter 741) the City Council adopted the required Ordinance amending the Project Areas Redevelopment Plans to eliminate the time limits to incur debt. 5. Amounts adjusted annually by Consumer Price Index (CPI) 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, 1981, 1987, 1991 and 1993. The Law's current blight definition is set forth below: ■ Unsafe/Dilapidated/Deteriorated Buildings. 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 Viability and Use of Lots/Buildings. Factors that prevent or substantially hinder the economically viable use or capacity of buildings or Tots. This condition can be caused by a substandard design, inadequate size given present standards and market conditions, lack of parking, or other similar factors. ROSENOW SPEVACEK GROUP, INC. PAGE 4 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS • 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 BuildingsNacant 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. • 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 one or more of the above physical conditions and one or more of the economic 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 they were adopted are still present today. A recent review of the Project Areas has confirmed that the Projects still contain the following blighting conditions as defined by the Law's 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, traffic, circulation facilities and blighting conditions. • The Project Areas suffer from a lack of infrastructure and community facilities. ROSENOW SPEVACEK GROUP, INC. PAGE 5 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS • The Project Areas contain properties that suffer from depreciated or stagnant property values that impair private investment and the Agency's ability 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 irregular parcel shape. 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 or public sector to correct, acting alone without the powers of redevelopment. ROSENOW SPEVACEK GROUP, INC. PAGE 6 Third Five -Year Implementation Plan Palm Desert Redevelopment Projects 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; Tots 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 Alessandro Drives to the north, El Paseo and adjoining commercial properties to the south, and the City limits to the east and west. On November 25, 1981, 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 clear and present danger of flash flooding, and threats to the public health, safety and welfare throughout the area. The boundaries of Project Area No. 1 (Original and Added Territory), is illustrated on the following page. 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, Big Horn, a 600-acre custom home residential development 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. Project Area No. 1 (Original and Added Territory) contains approximately 11,235 parcels totaling over 5,820 acres. Adoption of this Implementation Plan does not approve any of the projects detailed in this Implementation Plan. Projects to be undertaken by the Agency are subject to discretionary approvals by the Agency, as well as environmental clearance as determined by staff. Pursuant to Section 33490(a)(1)(B), adoption of an implementation plan shall not constitute a "project" within the meaning of the California Environmental Quality Act (Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the Implementation Plan shall not eliminate environmental analysis that would otherwise be required. ROSENOW SPEVACEK GROUP, INC. PAGE 7 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Palm Desert Redevelopment Agency Project Area No. 1 .�' TALL,f DR -1 FRED WARING DR MOUNTAIN DR GRAPEVINE ST MESA WE*OR RDA Project Area No. 1 1975 / 1982 i _ t. \ i \ i • i i i i . i •.i 1 i ii a FAIRWAY DR ~'•1 FRED WAR/Ng STATE HWY 111 ROSENOW SPEVACEK GROUP, INC. PAGE 8 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS GOALS 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. • 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. • 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 service 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. ROSENOW SPEVACEK GROUP, INC. PAGE 9 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS ■ Increase and Improve the Community's Supply Of Affordable Housing. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. REVIEW OF THE PRIOR IMPLEMENTATION PLAN The Agency's second implementation plan, adopted in December 1999, delineated a series of non -housing and housing projects and programs for Project No. 1, 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: Fred Waring Drive Widening: Widened Fred Waring from 4 to 6 lanes including a Baja California Themed Walking Park. Entrada Del Paseo: Completed water, sewer, civil infrastructure and parking lot facilities. ROSENOW SPEVACEK GROUP, INC. PAGE 10 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Westfield Shoppingtown Public Expansion -Phases I and II: Construction of two Parking Garages totaling 1,000 added parking spaces, the expansion of Robinsons-May and Macy's along with an additional 40,000 s.f. of retail space including Barnes & Noble. Below is a listing of additional Agency achievements completed over the past Five Year Implementation Plan period. • President Plaza III - Additional parking • Land Acquisition — Open Space • Palma Village — Utility undergrounding along Highway 74 • Develop Open Space Master Plan (Benefit to all Project Areas) • Fred Waring Strip Park — Pocket Park • CVAG Payments for 1-10 Interchange • Improvements to the Multi -Agency Library • Placements of utilities underground at Magnesia Falls and Portola • Placements of utilities underground at Silver Spur Residential Area in partnership with residents • Public Parking at Living Desert • JFK Clinic • Mc Callum Theatre • Civic Center Park parking improvements ROSENOW SPEVACEK GROUP, INC. PAGE 11 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Anticipated Planning Period Projects and Programs The following summary matrices for Project Area No. 1 describe the proposed non -housing programs and projects planned for the next five years (Table 1-1). Table 1-2 identifies those projects to be undertaken with bond funding. The matrices describe 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 2004-05 to FY 2008-09 and bond funding. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 1. ROSENOW SPEVACEK GROUP, INC. PAGE 12 Z U) go aw Z3 0w Qa zz W w �0 a W W w W >- W ~ >L T. cn Li w w c U • ' IMPLEMENTATI • N PLAN -PROJECT AREA ► • Blight Mitigated Goals Achieved Time Frame Ngyd,9gorcamilanNPirr• • • • : _ �t 0 N 0) 0 0 0 O M 0 0 v O 0 M Q. O N N 0 W N Q. 0 0 a- (() O W f9 N w a`a) N (0 m ca as c o w o c a 7 07 a1 C 7 7 7 7 " E `" Ew'� 72 rnd E `� rn E Ew E a) E — E m N_ y w y E w w E c E m E E • 8 E y o °v v o a) d c o ° a w $ aEi °� m m $ 2m Q°0 2.= >°c 00.2c2c2=c d J o m a 00.2222 i as E y E c 3 _ m 0 c E c 2 m 2 E 2 E 4- 22 J O 7U 7 N y aS O J N O J 7 a 7 U ` `2' _ _ _p U U 7 U ,a a p .0 p • V 2 V V G 2 2 B 8 a _m 7 a .@ 2 7 8 a 7 W S) 7 0 CO 7 7 O. N O' T C a) O' O "O C .a) M n. >. 2 a) -O N O' N cl N a) w L O `k r0-. E C O> C« L E C L .0. L ,aa7) E Lk co C a) Q p C O p a) G V :0 a) a C y V a3 n ,C (p C (p V 0 7 7 0) • 7 E a) llpp E— 7 0) .r m E a co J 7 0- 0 C O O' p y U p 7 O' C O O N C O O' O 0- ..... 0 U Y F. .� =— Y ) c N W cU 0-0. Y- c y• Y. Y Y Y C CO J C _J a) J E W d 8 0 C J J "O- W 15 J J C J 0 J J a) N a) a) C .c O C E a) O. a) U O > O v c aa)) a) .w o m aci E E c '-Ec E a CO c in to' E a) p .0 a) > E > E a) 6> a > E cu 2 m a C 7 = 8 7 c C N C C 7 7 C 0 O j O C j O' O o O 0 7 2 O 7a) a)N N 0N • U�O a3 NN Of/)aC ` a) a) C C d 0 C C (j N .0 (p >_ o >_'S 4 m.>_ a >_ a2 0 o 2 m$ n 0)n215 p)in aE mav, 0)n m m'> 0)ES d a) d a) 0 d n a) a) $ a N man d F- a 8 7 0) 0)� 0) 0, rn d O 7 Q o 7 °C-p o 0 0 0 0 o o> N 0oCD .J 0 0> E88 0E850nE88 E8 E0.a EE90 cew =Ww0 Cew`wa 0 wo CC Ea 0•(icca _ (f) co (n co Lc) co (I) CO (n u) 0 0 0 0 0 0 0 0 0 2 2 2 0 0 0. o 0 C 0 0= 0 0 0 0 0 0 0 N~ N N N N N 2 w rn 0 0 2 a can c E E 2) a) C eG W tl) al .c C ` Q Portola Avenue Bridge Desert Willow Hotel Frontage Road Improvements City Interest Cap Payment San Marino Property Acquisition GRAND TOTAL FIVE YEAR NON -HOUSING PROGRAM COST ROSENOW SPEVACEK GROUP, INC. zcn g( QW z Oce Qa_ F- z WW -J0 Cd W , �uJ W >- iw W LL Q W cc0c HQ a. 1 E YEAR IMPLEMENTATION PLAN -PROJECT AREA N • . 1�di�T L1 O 0 4) Goals Achiev CD W N 0 O O O O O O M O O O O O O 9O O O O R. O IA LC n O ico 00 O M7 N 4/4N r w 4.4 1) '0 w > c E E E >-o c 0. E m 3 V 3U a 60 . . a) c Cr 00 O 0 COa) C Inadequate public improvements O O O 0 O N. a) a) a> cu w 4- 4- > +). C > )4 C C >A C >, O . O O '•' O C C 0. C C 0 0 C 0 C E E a g) 'E 2 E a ,c a c E o c E E a) E w y a> E N E )n 'n rn y o H y o U EU O O N 0 E V 'C O 0 O O y V O O y U c= > c o> c > c E o c E o c t o c o ym. o o mo-mo-ca CO E c cpp c d m E c c E c co m E c c `) ' U O 7 N U— O .0 7 y U 7` U 3 y ram. •Q 7 t .t4f V 7 y v 2 c a 2 m y 8 a 2 a 2 m e co c 2 2 m c 3 2 N C tC) 'N 'N a3 y'N-o aO y O. y O. y co E C E OytEcyt E0y O= .0= 0k c 0 c 0 0 n c 4) c 0 co a2 co o. c 0 tn c 0 0 oa 0 o 4) a. c 'a o c o 0E a) c O 4)) c 0 O 0 C 0 _ O y w O Y Y OD Y C o '- a) Y N Y C 7 s C 7 :�. Y C 7 Y m CO m c0 '0 c m @ m c°> v .£ c°> v . m c�i � . N J J C J W J C J C J W J W J J W J J aa)) a) ay) a> W a a0 Q �> a c) a) w = e a 0 0 0 0 ¢ o o) m c c c c is c c 12 a co a a cL d) y a) CO y y 2 fa6 2 a d faC d F. a) a) .- F. 7 C .- - 7 c 7 C 7 C U C U O T> O U O N 2 N N 2 N .0 N •o N 2@ 2 m 2 m F+ F. LL. E.u_ N 7 w 4 F+ 7 F. - N 7 M 7 N LL U.as as LL c �O cu CO E E co cLL CU CU CU cc0 E 2Eo2gzE2:E0_0OL2o r ii 20rna a E rn ao E )ao m o) E oo) E aoco-0_co ao- c)mc0• _• aaa-.-oas as a a aa)-a $aaai- adI- aaI- > > > > 0 > > 0 > > N > > > a) > > > > 2 > > 2 > > 4)) E a E a 3 E a> E 0 v E a a E n n E n v` E a v` E n -`c ce E C2 E a s E a a E¢ a E E a E E a E Q( ¢ E -13 LO 0) In co L co in CO In 0) u) o) LC) 0) CO rn v 2aoov 2� v 24v 2oov 2oov 2o4ov 2aoo4 c9 oo ot0o Lo OLoo•cccowo0L08Yo0 0 o "'oo 0 00000 00"00 00 0 N N N N N N N N N N N N N N N N a) C 13 C O C) C n O C) C « C) C) t> c yo c q' - 9 t a� V C , O` y TO > CO a) >.0 0 C _ COI c C `O C 75 O a y o o 0I •= v w d a ° a 3 v a o i3 0 w D E d d c D, 0. E s d CI C0 a a - E 5 t W>> o t R a> d 3 c c c o o m 5 «.' d0 0- 0 -a `o 0 � a� E� y o a u 0= a% m a R .. E.. o.. ., 0 2 .b.. R 0 Q,C a) CI C y L 10 d y« N 0 y c E .aC m a 9 0 E 'o aI o o E L° o 'o r 'o _,c.)La.uIL v vv)aza . - a c va aoa ROSENOW SPEVACEK GROUP, INC. Does not include unfundedlpartially funded projects \ \�) \�( \�\ \�\ Fred Waring Drive Improvements ROSENOW SPEVACEK GROUP, INC. THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Five -Year Budget - Project Area No. 1 Table 1-3 presents the Implementation Plan's preliminary five-year redevelopment activity budget for the Project Area No. 1 (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 eamings and taxing agency reimbursements. Expenditures were based on the 2004-05 budget and proceeds from a previous bond issuance, and include bond debt service, required payments to Riverside County, and administrative costs. In total, the Agency anticipates expending $71,002,452 on redevelopment or non -housing programs that will benefit and address the needs of the Project Area. ROSENOW SPEVACEK GROUP, INC. PAGE 16 M A F 2 nM� o ovr0 r ni aD 1 fO N N V N Q O a 0 O m N at, m O000, IN O q 10 iO 0 M 03 S CO a O)p0�U) 0 ,2 11, co CD r a�fmMp8 (t8p� O a G n O V 4' a f7 n V G N 0) E (00 M p0� 00 CO 2 ay O er- 0 NO��u'o 0 O I0 o co t0 O fD M N N Ai q A °' ad a N O D)Nr 0 D o rn r 0 0 0� 0p p op u w 0 0 �p 0 0 M M 0 0 C N N :t V co rrr,Ol N O O M N r O O D7 n M V N N S 0 r 000 D>N 0 a 10 0 0 v. ..- N M 0 r 0n kn 0 r) m (+) n sp r CO C r M N O 13 ,G5i OAli .N. 0. M y M M O N yN O ❑ EXPENDITURES: Controlled Expenses (Obligated) includes Pass-thrus, Debt Service, ERAF and Admin giN M m m Ma C V N¢� D) pM Q �n�rn c�o��rn�r N U) N M OI N r Non n M7,842' 0$4 vv0(io t: O N 10 N M N O r O V a M n N O M 2 O N 0 8 L N �00 a0 o-o �00(G0O N t0 0 O r m 0 0 O 0 H M M - - r t0 ryry ,- f0 �-�n- �0�y .A.-or i0N20N_2 OD r m ni M M0NNW200 NN00yppd0GNo0 ON �LO C Nr r10 M m. ow o g8 8 0 N(O O N�n 0 N O OO N O O 0) O 0 N rM- o r o N N M 0 8 N 0 8 k 8 00 65 8.Z M 2 O YNi 0 ai .n 0 A. (0 O R N 0 N r O r N CV 0 0) N 8 O O n co 8 01 0or-0000.-00 M o 00 0 S « 0 00 OD N rn Mcyia000n0o o Ao o v O o 8 0 s) m �C(O0000 pia n N ran o CO r oO oo 0 (0 CD N 7MNCO tooiO DOf. 0 N T a S 8 IN01 rI O!!� 60 0, M N N 0 D0 M 12 N 8 W c a 4 ]]// ? v:§;_12.".-'65 N2 E] mi0 E T a =g Eo E ro o2'n§1§cNE22F,og 8 p 3gnE LiBN2�eryano =x$-mcao 2..grnO3E8uEa$ (V -a0 QD KI¢18 ” SN,_- d O _,mc3dN-3m wi-LLQa.E$i-LLa eEN om_0) (0 «w �o acov tioWad=aU,20�ia�a96 aaNA1,1,agQQ52 A3 mw QEc a E oN1 4o _c w2 o U 79. W o_ ROSENOW SPEVACEK GROUP, INC. Third Five -Year Implementation Plan Palm Desert Redevelopment Projects PROJECT AREA NO. 2 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 and 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 boundaries of Project Area No. 2 are illustrated on the following page. 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 Tots 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 undergrounding 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. Adoption of this Implementation Plan does not approve any of the projects detailed herein. Projects to be undertaken by the Agency are subject to discretionary approvals by the Agency, as well as environmental clearance as determined by staff. Pursuant to Section 33490(a)(1)(B), adoption of an implementation plan shall not constitute a "project" within the meaning of the California Environmental Quality Act (Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the Implementation Plan shall not eliminate environmental analysis that would otherwise be required. GOALS 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. ROSENOW SPEVACEK GROUP, INC. PAGE 18 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Palm Desert Redevelopment Agency Project Area No. 2 s„. *., DINA4SHORE DR s.. S.. CITY LIMITS s s. • LU 8 CITY UMITS HOVLEY LN W ,e a MAGNESIA 'ALLS DR •• lit **.. COIINTRY OLDS DR % 8 cl _I 4) ri 2 ;I 41 o HC rtio, CALIFORAIIA AN!, ROSENOW SPEVACEK GROUP, INC. PAGE 19 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS • 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. • Facilitate Revitalization by 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 Community's Supply of Affordable Housing. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. REVIEW OF THE PRIOR IMPLEMENTATION PLAN The Agency's second implementation plan, adopted in December 1999, 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: Desert Willow Hotel/Resort and Golf Course ROSENOW SPEVACEK GROUP, INC. PAGE 20 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Cook Street Improvements: Paid from Project Area No. 1 and Project Area No. 4 CITY OF PALM DESERT ow...w«. CALL rpeMa irn /PAO California State University San Bernardino: Loan funding and land grant of 200 acres for first building of Palm Desert campus and University of California Riverside satellite campus ROSENOW SPEVACEK GROUP, INC. PAGE 21 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Below is a listing of additional Agency achievements completed over the past Five Year Implementation Plan period. • Acquire Land for Controlled Redevelopment of 5 Acre Parcels from Frank Sinatra Drive to Gerald Ford Drive - 145 acres purchased • Underground Unsightly Utilities (Projects 23, 24, 27) • Corporate Office Park Redevelopment • Acquisition of land for controlled redevelopment of 170 acres • Education Facility Enhancement • Frank Sinatra Drive - Landscape Medians Anticipated Projects and Programs - Project Area No. 2 The following summary matrices for Project Area No. 2 describe the proposed non -housing programs and projects planned for the next five years (Table 2-1). Table 2-2 identifies those projects to be undertaken with bond funding. The matrices describe 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 2004-05 to FY 2008-09 and bond funding. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 2. ROSENOW SPEVACEK GROUP, INC. PAGE 22 EAR IMPLEMENTATION PLAN -PROJECT AREA N • . 4 DE ERT REDEVELOPMENT AGE C 1 0 /0 E ] Blight Mitigated Goals Achieved Time Frame E V. 0 V L•PMENT (NON -HOUSING PROGRA CO # 2 k CO 47. CO a�Rk Cs/ a R Desert Willow Pads Land Acquistion - Open Space GRAND TOTAL FIVE YEAR NON -HOUSING PROGRAM COST ROSENOW SPEVACEK GROUP, INC. IMPLEMENTATION PLAN -PROJECT AREA Ns. . ERT REDEVELOPMENT A k U f0 w Q co O a) LL d E 49 o O O O o O O 10 o O O 10 O O 0 1n0 111 0 co V7 N O lD w W Yi N N d N d c In c C C - E d c 2 E w m E °> E" g: E `n 8EAa).> . 88d.428122 8d20 • U d dd -0 _N pd C c V> C C Up O c p p O C O pT pc E. E y o E p a J E p J E o J E o> • j E a 2°= a m 2 B L 2 a m 2 a m 0 2 .0 7 7 ) 7 U U U U 'p J 'p 7 � 7 3 7 a (0 C> a T N N a'T l0 a T N❑/ N a E Q T ja C" U a U C r a U C ra a U C a U C d U 7 fa 'E J O) 7 co % ' J O) % J 1T 7 Y N c C Y 0 �=' - .Y g �' Y g C 2 Y d Y 1po L cps 0 E c m .E 2 .0 c .E c m • .� c m m • J d d— J N J_ J d J_ J a) J_ J@ J_ J N 2 .a) co a) Y 33 C C C C C EE E E E a a a a a o 0 0 0 0 w > > > > > aa)) aci a• a)) w aci y = T E E; E c E g E- g >2 >E2 >d E>E2 >E2 ai E2 0 C 7 C O J c 0 7 c 0 J c 0 7 2 o 7 __2 U 0 2 O O 2 p p 2 O p t p O 2 0 0 2 .0 N 0 N U (,,) U LL . 42 i.. y a) CI) a) CO 0 .@ N 0 .@ (0 0 .m 0 w f0 N d,k d.�� d N d.�.k d R. NU CIii 9 c O C d C O C E co >', o >y o > E.� E3 rna� 0a2a2,a2a0)a2a0a2nmE2a�Ea n rna 72 o,%da d)�n7.a o)`: Ll a m«d aU :=LlLa 8e > j > > j > > j c o O o o > > > E > > > > 0 2 o a o oo 0 0 0 2 0 0 0 E$❑ E$$❑ E c8 o❑ E 8 o a E$ o❑ E❑ 0❑ E a o LYw E LYw0 ELYwU gLYw0 E cc Ecc a-0 Eg E E U) O) Ui O) CO CO CO 0) U 0) o J 0 0 J 0 0 0 0 0 0 7 0 O. 0 0•C O O O O • O O•C O N~ CVN N 0CD CV CV CV CVN Does not include unfunded projects GRAND TOTAL FIVE YEAR BONDED INFRASTRUCTURE IMPROVEMENTS COST ROSENOW SPEVACEK GROUP, INC. THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Five -Year Budget - Project Area No. 2 Table 2-3 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 2004-05 budget and proceeds from a previous bond issuance, and include bond debt service, required payments to Riverside County, and administrative costs. In total, the Agency anticipates expending $ 53,502,626 on redevelopment or non -housing programs that will benefit and address the needs of the Project Area. ROSENOW SPEVACEK GROUP, INC. PAGE 25 ce Q >- W u- 0 ce H w 0 W ce H w w 0 2 J a W M AA N 0( 0 M M 0 n n m M 000 C Q _ N 01 O 0 M N 0 0 00 0 M 0 V O 0 O' O N O O) C 9 .. '-' ' N 00 N(00) 0 c0MO C)NW (O 0 c0 0 M d O O 0 (V f� n MC'J 00000)M aCO 0' c7 p N U 0) O � eA- h W.-�(0 (0O 00 V N n t0000 00)) 1NO22 d d n ^ ^ N .V- � 0 � N V.- (0 N O M ' M L T e O d a } 0 E t E d C O 0 (0 N (0 n 0 (0 M 0 0) a0 (0 M O M 0 n 01 W L 0 cO 0 I. (0O(0 0 0(0 0)M N 0 n 0 N pNp V O. N N n n01 N ' O VyICD0) CO O M 0 N a 0 O) ,— 01 00) 0) N O V N N M oi O w CO O N N O N a 0.-MM.- O O O) 0) till: d O 00 a0 M N v- O O N T g O °D O i a > 6. N _ 9 SE O S 00.00 0 0 0 (000t000 0 ) 0NO0 f7 N O O 2 M M d .( d d A 0 rn y 0 (0 0 0 1- » N N Q) h M OV! 0 00 N (H N V xi' o' C co W co N M O 0 ci 16 N (. E 0 0 aia `o Ea 0 2 O A d (( !pi ow 0 0 c d d V a d 5 SE n 0 M (D Mn 0 M O M 0 0 00 0) 0 0) C Q M O) 0 N-N 0 0 V (O 0 O 0 0 N 0 CO d O O co 00 NF ,-c0 OO)N(00) o 0O N 01 O (0 M 01 V N n 0 O V V (O �} M M O a d o0 0 N 0 V N O V O N V O N N ' '.h,. O V (0 ,-O N V 0.-0) M •- V — 0 y1 L V CI' m Ili 0 1') N � 0 d O Q O O 1 N L (0 d b C O O y O a N ) C O 0 E E v r, 0) d N h 0 M n 1O 0) C 0n000)n001-00 0 0) 0f O N 0 O N. 0) P y d M OOOc000 ONOu) 0) 01 d C O) N _ 1L N h (D 0) O) O) O M (O N N 1A a (0 O 0) 0) O a0 I� r (O N (D n M 0) C M '0 (0 0 N. M O N R q d co Lo V y co co O a W O N (VO N V W (0O .- r N 0N) tD ' 0 a d 0 N ^ ' % V N N � YI d 01 iD N L O O d _O .a.- ... d N d 0 01 m E c a 0 10 m .0o. o (') 0) co o }j n n0) 00000n0 0 N 00 0 n N CO 0 0 0 D y yi (0O0) ON n OOn00 0 0 n N y N O O 01 0 O CO .O (On d V� VoOOro 0 0re -- d 0 T 01 mNs y 0 0 10+) COMN 0 W M a co N W W W O N ci O oi 0) N T N n N "" i adi 0p (O )') fD M 0 d (D •- V V n (0 (O N O 10 0) — O) L N CV,. N M 0 N N N N N C (+) ID (0 E .O G U d O« d E o S I u c v$ a N o a E, d2 T Ny O j 0 d O O C O ^`' 2 E E o a c A $ of C W m co m(D o o • s m . u cc 0) y C 9 N Z U ` C N O d co C N.-0-- N '� 0,0 ,�' a N ' j O s O W y y a O c a a d (D a d u) Q 3 E y: ) m rn o o :o d o 0 > 0 d (0 y �% y C` E 0 O d C p a d �. d y C 10 'O 8 0 O d W o d o .00- E 0 C� c 5 AMP, N P 0 C o 0 C n 00 O. d a. w05 Zaoa.� i nD m5"oaw2W U3=oE a01 d?aU % m a E c 0 '� � L aci 0< (0 ' 01 0 C 0. m_ 0 0 m 8 'a '> d a p s . d` yo uy a> K L a�c�0aypwE'W c"3o�� ei(irA04 ^- o yy d T C D d' ? W N CW 0)LLd'8 C CQQ U ar❑ D o a C v > o< o V w T N I{l % C N � N_ F 0 O o n< a O _O E _> H Z .1M3 N O C K d d> C O f`0 c 7 I--( p 0UN0v0W�00) 0. �QU�(O 00Ua.J OC7DQO .j( m 70 > ET m RW' O d d an d 0 (.) 0 0 V 11 3 ? V 0 0 C 0)n0)MO O 0 N 0 M V 0 (0O ,- N 0 n . 0))n(NOO M 0 CD CM 0 OO)0Or 000 N 0 0 d r CO n M N 0 O O aD (f) N O C dadad O N V 0)0 0) a0 00 or as V n N N (D (0 o O N M O.-V O A 0 0 0 M .0 O d 0 CO M V a M-0 N V 0—ON— O d P. N 10 01 N cV N N a L a C N w 0 0 ROSENOW SPEVACEK GROUP, INC. Third Five -Year Implementation Plan Palm Desert Redevelopment Projects 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 boundaries of Project Area No. 3 are illustrated on the following page. 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 of light, ventilation, sanitation, and 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. Adoption of this Implementation Plan does not approve any of the projects detailed in this Implementation Plan. Projects to be undertaken by the Agency are subject to discretionary approvals by the Agency, as well as environmental clearance as determined by staff. Pursuant to Section 33490(a)(1)(B), adoption of an implementation plan shall not constitute a "project" within the meaning of the California Environmental Quality Act (Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the Implementation Plan shall not eliminate environmental analysis that would otherwise be required. 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. ROSENOW SPEVACEK GROUP, INC. PAGE 27 CITY LIMITS THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Palm Desert Redevelopment Agency Project Area No. 3 g FRANK SINATRA DR Cp.UNTRY CLUB DR HOVLEYLNW gMAGNESIA 'ALLS DR FREO WARII IOOR i HOVLEYLN E EL PASEO ) I_ J _S11.4DOI1 MOUNTAIN DR FAIRWAY DR ti—" 1 GRAPEVINE ST 1 HAYSTACKRD /: .% •`�, FRANK SIN TRA DR w . COUNTRY CLUB DR RDA \, Project ' Area �Vo. 3 i 19)1 i �� 1 i R \ ;CALIFORNIA A FRED WARING DR j( U 1 t ` 8 I STATE NWY111 OASIS CLUB DR 1 HOVLEYLN CITY LIMITS W N yr *. s ROSENOW SPEVACEK GROUP, INC. PAGE 28 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS • 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. • Facilitate Revitalization by 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 service 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 Housing. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. REVIEW OF THE PRIOR IMPLEMENTATION PLAN The Agency's second implementation plan, adopted in December 1999, delineated a series of non -housing programs for Project Area No. 3. Improvements completed during this period included; construction of sidewalks on 42nd Street, start of construction of sewer and street improvements and Merel Street. Anticipated Projects and Programs - Project Area No. 3 The following summary matrix for Project Area No. 3 describes the proposed non -housing programs and projects planned for the next five years as well as identifies those projects to be undertaken with bond funding (Table 3-1). 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 programs will address. Anticipated program expenditures are based on projected tax increment revenue expected for FY 2004-05 to FY 2008-09 and bond funding. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 3. ROSENOW SPEVACEK GROUP, INC. PAGE 29 7 X C) C[ W Q J 2 m } I- Q m U M 2 E z CO Q 2 N co y co gU a0w _ m a a m .. .0 Y .. a w `� ;� .0 4 4 '5 '4 z� w 0 w O c n 0 0 0 0 o N elo O o N Oj et COn0 0 Y! IA for/A M N O W 00 N N O fx Z. O Z. A- Z. j 0 c a) c N co 7 N> �( I- w E y E o rn m °� E E c .a-: E a E ZZ c E c = E in _ c.= E 0 E c = E y = E W W E 0 E m 0 v o E 0 8 E 3 E o u E a) c0i 2 > > c c'0 --o' y > c o > o > c c > c c 'Mc W a o 2 o ono 0 0 c c o o m@ o o m° a- E y 7@ E c E `° y E y E c m y E c m y __ W U` 7 to N O U 7 U` 7 U ` 7 L U 0 d c0 U U U fj _ CL W m . 2 a V U tV c' = d U 2 J] 2 V U 2 L V U 2 m cNOo aai t 0 w E c m c a m c au, a t c w a• i cn , } cc m= m a u c .� m c0i m u 5 m .0 m a u c n 0 c W c w rn w E ai E. o iG 6 0- 3 co ;�. 0 o'': . w a Y o F. N o o 7 '( O d a) @ o acr ) O o c W O 0 •c (2O N C "' Y Y "' Y "' Y u co m m m E c m co> v L °u Y c c CO c m m E c m c E c CO 0 W C J c J fa J W a. a) 2 C CO J C J C J CO J C J CO .J M N _ 2 Cn p Y- a ..SHZ > W UI 0 6) U W d 0 fa O ¢ c a) 0 a) E E .(1) o 0 a O w ce F 0 W 0 ce z J a z 0 H H z W 5 W -J a. 2 ce >- w w LL • ' LM DESERT REDEVELOPMENT AGEN BIi Goals Achieved Time Frame -EDEVELOPMENT NON -HOUSING) PR• a v v E c a c E= E 3 �' E a ccv E ur coE a�'11 E 2y BEd 'ucooa ,_0 cn 0o0 >E0' c ai 20 �aN) 2 502y2moc2 OS8> a F. @ H CC R N;U . N co y y w�'V 2 to co N C a) N fN C> LL C O+ Ca ;3 aW C 7 N >YX 4 C E >>a)a.-E E o .> `> c?'d>.= E w o>corn>>0)adca)ac 0)Ec0ac00. 7 Does not include unfunded projects o > M W f0 0 a) 0_ a 0 a) a) a) a) a) N c a) 0 m m 1 :: a) a) 00 a) > 0 c °' > > 0 0 0 0 o c v o 'o >> o o 0 0 0 2 0§-2o o -=o 0 YwUc wwoa0E )iE _E _E W01°gE W$ EEEE u) �n Ln in 0) CO r. 0 0 0 0 0` 0 0 0 o a 4 p,t,,, oo N N N 0 NN N N 42nd Avenue Sidewalks Merle Street Sewers Perimeter Landscaping Soccer Park as 0 O O) A fiff i7 0 r'- c 0 o o.. . 2 0 za Cook Street Widening 0 b 0 w GRAND TOTAL FIVE YEAR NON -HOUSING PROGRAM COST ROSENOW SPEVACEK GROUP, INC. THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Five -Year Budget — Project Area No. 3 Table 3-2 presents the Implementation Plan's preliminary redevelopment activity budget for the 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 2004-05 budget and proceeds from a previous bond issuance, and include bond debt service, required payments to Riverside County, and administrative costs. In total, the Agency anticipates expending $ 8,248,124 on redevelopment or non -housing programs that will benefit and address the needs of the Project Area. ROSENOW SPEVACEK GROUP, INC. PAGE 31 .71 10 ccoo c v " at CO 0 N •a > 03 n O m O O NONN cp CO naDo�c�'i i0 i cDNcsi cF c 0,n n 0 N m n O N a- • N 7 L O N n N CM N a- N coco t�D- O r S4., ' 00(00_N m� cra yo (p m coO L(i c c ujOnO NO M d N M y 0art40 ( M N(J) f CO rN. m V O O N N (Sr N O. N N N N N) 0 V N 3W � NW N cc) co co 00In 0 )- 03 N N 0)r- 0 cc)co cc)N O (0 N' co oN (9 N to a M N 0 N N' Total Cash & Revenue Does not include projects which are expenditures from existing bond fu EXPENDITURES: Controlled Expenses (Obligated) includes Pass-thrus, Debt Service, ERAF and Admin n CO 0 N CO p O N (0 mr m(0n 8vNt .0 O O) c O(0 O n n7M N(O0 V'mm47 W n O N N (NO N 0m) 0p (00 .- m ici co V N(0 (0 NN(m(pp 0) 77(m+) 0)070LA (0 (00 n v N (0 M p 8 pp pp N N Tr N N N O N M M 07 1co f) W c, N. 0 N 0) N a CO V N co or, (0 V O r N 0, ufOi�4.-N-0) ppppo v co N C m Cr) Ooo O( 0 0 W V co c.7 M - c'j i o .-- (0 O N a 3 v Capital Expenses (Committed) Capital Expenses (Planned - No Council Action at Report Date) s L A N O 0 0OO r c• o g ti g N o (V N Total Capital Expenditures 0) m O n ra.a M Y N m use of bonds. M ROSENOW SPEVACEK GROUP, INC. Third Five -Year Implementation Plan Palm Desert Redevelopment Projects 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. The boundaries of Project Area No. 4 are illustrated on the following page. 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 southem 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 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. Adoption of this Implementation Plan does not approve any of the projects listed herein. Projects to be undertaken by the Agency are subject to discretionary approvals by the Agency, as well as environmental clearance as determined by staff. Pursuant to Section 33490(a)(1)(B), adoption of an implementation plan shall not constitute a "project" within the meaning of the California Environmental Quality Act (Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the Implementation Plan shall not eliminate environmental analysis that would otherwise be required. ROSENOW SPEVACEK GROUP, INC. PAGE 33 ti h 4 NOVLEYLN E THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Palm Desert Redevelopment Agency Project Area No. 4 FRANK SINATRAOR COUNTRY CLUB OR RDA Project Area No. 4. 1993 FRED WARING DR STATEHWY 111 CITY LIMITS N w s ROSENOW SPEVACEK GROUP, INC. PAGE 34 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS 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 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. Facilitate revitalization by 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 Community's Supply of Affordable Housing. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. ROSENOW SPEVACEK GROUP, INC. PAGE 35 THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS REVIEW OF THE PRIOR IMPLEMENTATION PLAN The Agency's second implementation plan, adopted in December 1999, delineated a series of non -housing and housing projects and programs for Project No. 4, 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: • Construct wall along Hovely Avenue ■ Payments to CVAG for I-10 Interchange • Acquisition of land for regional park/design of regional park • Design and start of construction of storm drain improvements — Warner Trail • Loan to University of Califomia Riverside for graduate campus ■ Storm Drain Improvements Anticipated Projects and Programs — Project Area No. 4 The following summary matrix for Project Area No. 4 identifies those projects to be undertaken with bond funding within Project Area No. 4 (Table 4-1). The matrix describes each proposed program, gives the projected time frame for implementation, identifies Agency goals to be achieved, and identifies the blighting conditions the programs will address. Anticipated program expenditures are based on projected tax increment revenue expected for FY 2004-05 to FY 2008-09 and bond funding. Greater or lesser funding may be available; depending upon actual assessed valuation changes in the Project Area No. 4. ROSENOW SPEVACEK GROUP, INC. PAGE 36 IV YEAR IMPLEMENTATION PLAN -PROJECT AREA • Estimated Agency Cost Blight Mitigated Goals Achieved Time Frame •• i . NON-HOU IL )P:•ei7nil o 0) co o o M 1- O o n H O o '0 e- a- tA N w W 0 cn w w CO Z.'.: F. c E us 8 c, co co d E N N E V) C C c - c t7 N N N •v E co E co qq N •v E N 'O a y N N N E co N N 4- U N N "- E co O N N c o o= a o o c o 0 o c o o w of0°Ec-dmEw O N N • a n E n N c N n N c N N °_ E a E • co r ° .2 O : t@ k .0. L O k O o c O C V Y O cr CF. ""' Y O C O Y Y O Y c4'-N E c m 2 m.E c 2 E c 2 2 ca 2 w J D C J c J f0 J.E J as J J C J Limiting physical condtions 0 0 0 00 a- O 0 co fV f0 eF W 4 W N N :> :> U V y f6 N o C E 31> V E E O O w0. N ia>) • a N r N w N O N N N a E c E c - EE � y .o c �2 m >EG > dE.`)> ayi N Ea N Ea ° O c a a� O O a� c 0 • i0• co V O V O 2 N `y V co N O %� N m f0 N �p f0 a a H T '� a O O w▪ - 0 • 0 'E N N •= N N C co L N 'C C 2 p O, 'C 2 OQ N C • U O f0 ..0. C /p w O N O 7 w ff, i0 3 LL X f6 u ° E > 'g ? 'S u ? E . E co n :� E co n ;° m a w 2) 0 m n� a rn a�. —0 th O. o rn E� � a rn E � � Eo asi ad F a(j a 6�d • •o a76 ) CD m rnrn c) la 2d co c) a 2d N ° O O N 0 0 O 'E 0 0 0 120 0 0 O° O O N E `° O • O N E 00 � m° v E. m c o° m c o°> c c ° a$> o $ a> o m �E¢ WE Irw0Eccw0£oww E� EE'anwaEEon� LO 0) Lf1LO 0) a 0) In 0 0) eOe}} ` O O co?, 0 O O O OO} O 0` O O Y O t o 8 L o 8-co O o 2 0 N N N~ N N N N N N£ N N N CVAG Interchanges Warner Trail Storm Drain in 0) O ` O o Y o N N Does not include unfunded projects GRAND TOTAL FIVE YEAR NON -HOUSING PROGRAM COST ROSENOW SPEVACEK GROUP, INC THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Five -Year Budget -Project Area No. 4 Table 4-2 presents the Implementation Plan's preliminary redevelopment activity budget for the Project Area No. 4 (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 eamings and loan repayments. Expenditures were based on the 2004-05 budget and proceeds from a previous bond issuance, and include bond debt service, and administrative costs. In total, the Agency anticipates expending $ 25,757,114 million on redevelopment or non -housing programs that will benefit and address the needs of the Project Area. ROSENOW SPEVACEK GROUP, INC. PAGE 38 00 0 o p o o c 0 0 C p�j c.0 N el S CO (N (V n = d O o0 co ti r O E d y(0 N 0 ( t7 O(O O0) 0 O et H) CO. A 0 n m. 0 0On 0 0 (N0- u 0 000(:oi o (: n A (0+i N N o.-�in� '$ ,n 'g G N .o E NaM(A.- C N aD 4 u.Q ('e E ce as a E V a T - A en E a a 'v e m« W a _ a0 0 0 ; c > 0 0 000 0) N O CO CO(O 00 CO CO n 0(0 PO VI. W C Na0 O O) 0 CO O) 0 CO 0) M O O N O N_ n N (G N (A Oi M aG O aD 01 ^ c. - d Ono V' N ON) 0 O WICO V n O O LON 0 (O < T N v a N 0i 00 n 0E . d.r 4 q A 0 O O 0 d N _ i' 0 0 00 N N O) N 00 (0 0 O O 0 O N C q O O N 0) N (() w .f) . 0 0 0. N A A r 0 Of CO 0 0) 0)' O n M (A O (0 O M A d( W ate-- n N W W n a 0 U 0000 M O O N.- 0) M 3 2 W C V d o « 7 q w g 00 (CO O CO CO000 C 0 (00 CO 0 0 (00 CON ^ CO V a CO 0) n (o O C) 00 n e C ci o .a o ao (o (�i o h ri N M N n N O) N M (f) (O (0 N. et N 0 d �, m co o� E CO CO n t0 m 0 0 C i o 0) y ui 0) ai a w aN DE dd a u O 28 ea .� (O M n O ar O 0) t0a- N A 9 p N CO CO N 00) CO0w C Oni e0- 0 O n (00 aM.- N . A N. a O (O (O n N- A (COV• O COCo. 01 o N 0 (O O V' M V � LL CO a0 W 0 O (O M C L CO 01 N N M COCO ,— n N F 0 O 0 0) C (0 a-V d N a) W CO0 N a d N a c _ O A c A CO 0 (0 O n O CO n n n 0 0 0 M q a O N 00) 0) 0 0) C tO CO N CO CO (O CO 0 CO 0 N A S O U LO (0 CO v_ 0 CO 0 w C iv N N N V W < (00 0) L Lri N a (O co (00 (O 00) M A C 9 (rJ /.. N CO CO.. 3 y O ro (O (O ao 32 co 00 •- O) 0N Q (O -.- — 0 C‘- E E dN -- 0. A E 4 Y o N o nO CoO N G w PI CD _ u fl 0 n 0) ul � 0 CO 0 N N (il '0 CO O 0 0 0 0 c i0•) A 'O d p •O tO 0)C CO CO000000 co0O C N d A O N N nN CN 3 N 0ao CO- Of OOcci00 co Of O 5 i) N a- 0) CO N 0 ZS a (O n N N (O n O CO N d 01 0) N 0) C CO n a- (O 1 N C) () A O p N 0) co N4. e- to Q%y t d N V 0 P N N ) C 'O O u 7 j 0. 0 Li 0 0 " C Zt N d C 'O C Z C) ? N O m n• 0 E•O C C d Q E OD W 0) m ce .o A E c�i > .@ Na7 N c t c rn (0 E a d A Q C a' E W N 3 z LL x y LL U a) co Y r a— d d a EE8� r c Qw��cacd� m �y.�a3 m8 Ad u� a'� (° W t m m ° Lu E W ~ E W c«� m m .0 c (�� U O' W NtL to ((�, c "O d 3 y O(7 0) U O d A Y 6) e- o v H nwLL.•-Q . o. C7 Ea at 10 N Fi! ('��:;m '3 d mo (na�OE�~� x �¢��� x.4+d �o m O W O N N 'O O N U W N t O R d 9 '7 F-O EM F- G p dNN0 WO.<0 F-(/) LLO LLD iZQ F- (0 d WZ Z w w w A t W a C a 0 8 K Beginning Cash Balance Doe I C W a_ ROSENOW SPEVACEK GROUP, INC. I THIRD FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT PROJECTS Administration of the Implementation Plan As detailed in the Introduction of this Plan, the Agency is required to produce an Implementation Plan every five years. After adoption of the first implementation plan, a new plan is to be adopted every five years either in conjunction with the housing element cycle or the implementation plan cycle. Implementation Plan Adoption Process Each Implementation Plan must be presented and adopted at a duly notice public hearing of the Agency. Notice of the public hearing must be conducted pursuant to this Section 33490 of the Law. The Notice must be published pursuant to Section 6063 of the Government Code, mailed at least three weeks in advance to all persons and agencies that have requested notice, and posted in at least four permanent places within the Project Area for a period of three weeks. Publication, mailing, and posting shall be completed not less than 10 days prior to the date set for hearing. The Agency may amend the implementation plan at any time after conducting a public hearing on the proposed amendment. Mid -Term Implementation Plan Review Process At least once within the five-year term of this Implementation Plan, the Agency must conduct a public hearing and hear testimony of all interested parties for the purpose of reviewing the redevelopment plan and the corresponding implementation for each redevelopment project. This hearing must take place no earlier than two years and no later than three years after the adoption of the Implementation Plan. ROSENOW SPEVACEK GROUP, INC. PAGE 40 City of Palm Desert Palm Desert Redevelopment Agency Affordable Housing Sirategy & Compliance Plan Appendix 1-Five Year Implementation Plan -Housing Component Ten-YearAffordable Housing Compliance Plan (2004-05 through 2013-14) Draft Plan Reviewed byAgency: November 18, 2004 Palm Desert RedevelopmentAgency CITY OF PALM DESERT 73-510 Fred Waring Drive Palm Desert, CA 92260 Affordable Housing Shategy & Compliance Plan Palm Desert RedevelopmentAgency Table of Contents Executive Summary 1 Introduction 4 Legal Requirement for Meeting Agency's Housing Obligations 4 Compliance with AB 637 and SB 701 5 Summary of City's Housing Obligations 6 The Stipulation Regarding Affordable Housing 7 Objectives of the Housing Strategy 7 Methodology and Data Compilation 8 Aggregation of Affordable Housing Units Among All Project Areas 9 Affordable Housing Provided Outside of the Project Areas 9 Housing Goals 9 Redevelopment Plan Limitations 10 Affordable Housing Production Needs 12 Definitions and Data Compilation 12 Inventory of Existing Deed -Restricted Units 15 Affordable Units Required 16 Past Inclusionary, Current Five & Ten Year Inclusionary Unit Need 17 Replacement Housing Production Needs 18 Estimated Housing Fund Resources 19 Housing Set Aside Tax Increment Funds 19 Targeting of Housing Fund Expenditures 20 Income Categories Assisted 20 Family and Senior Housing 21 G:IRSGPA.LNDST120041bPPLANWOUSINGCONPUANCEPLAN 2004PAUVDESTHOUSINGPLANFlNA.L 11-0.DOC Projected Housing Fund Expenditures 22 Potential Affordable Units by Year 23 Other Funding Sources for Housing Programs 23 Proposed Affordable Housing Initiatives 23 Planning Period Housing Projects and Programs 24 Housing Fund Expenditures 1999/00 through 2003/04 25 Housing Stipulation 27 Housing Element Consistency 28 Affordable Housing Strategy & Compliance Plan Palm Desert RedevelopmentAgency Executive Summary Providing affordable housing has become an ever-increasing problem for communities within the State of Califomia. The City of Palm Desert is experiencing a substantial demand for housing with an ever-increasing demand for affordable very low, low and moderate income housing. To address this need and to better utilize both physical and financial resources, the City of Palm Desert ("City") and the Palm Desert Redevelopment Agency ("Agency") have prepared an Affordable Housing Plan and Strategy. This strategy is focused on meeting or exceeding the inclusionary housing unit production requirements of Califomia Community Redevelopment Law ("Redevelopment Law"), the Stipulation regarding affordable housing and the Regional Housing Needs Allocation (RHNA) new construction figures. This document, the Affordable Housing Plan and Strategy serves as the Agency's Five Year (2004/05-2008/09) Implementation Plan's Housing Component and Ten Year (2004/05-2013/14) Housing Compliance Plan. Community Redevelopment Law The Housing Strategy serves as a blueprint for current and future Agency activities to meet its low and moderate income housing responsibilities. The Housing Strategy presents a summary of the Agency's affordable housing programs. It also presents a reconciliation of the Agency's replacement housing obligations and provides a forecast of the number of housing units that are or will be needed to be reserved and affordable to very low, low and moderate income persons or families over the next ten years (fiscal years 2004/05 through 2013/14) and until the termination of the Redevelopment Plans. The Agency's efforts to produce affordable housing over the last 10 years (1994/95 through 2003/04) have resulted in the Agency exceeding its 10 year affordable housing unit requirements. The Agency's prior 10-year inclusionary housing unit need was established by a detailed review of housing units built or substantially rehabilitated in the Project Areas from adoption through June of 1994 and projections of units to be built or substantially rehabilitated from July of 1994 through June of 2004. It was estimated that the prior 10 year unit need was for 868 affordable housing units of which 354 were required to be specifically restricted for very low-income households. During this period, the Agency successfully created or facilitated the restriction of 1,349 units affordable to low and moderate income households with 594 of these reserved for very low income households. The Agency's 10 year production of affordable units has created a surplus of 481 units which Redevelopment Law allows the Agency to carry over to the next 10 year period (2004/05 - 2013/14). Additionally, the Agency is currently developing and/or supporting private projects that I will result in the restriction of 134 new affordable units. Projections for the current 10 year period, 2004/05 through 2013/14 have established an inclusionary housing unit need of 899 affordable units, of which 361 must be restricted as affordable to very low income households. The 899 unit figure does not ROSENOW SPEVACEK GROUP, INC. PAGE 1 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY account for the Agency's carry over units and those new units currently underway. Therefore, after accounting for these credits and units underway the Agency's remaining 10 year unit need is for 284 affordable units, 95 of which must be restricted for the very low income. Stipulation On May 15; 1991, the Superior Court of the State of California for Riverside County entered a Final Judgment in certain legal actions between the Westem Center on Law and Poverty, Inc, the Califomia Rural Legal Assistance, Jonathan Lehrer-Craiwer and the City and Redevelopment Agency of Palm Desert (the "Parties"). The Judgment incorporated terms of a Stipulation for Entry of Judgment in the Case (the "Stipulation"). The Stipulation and subsequent amendments imposes certain ongoing obligations on the Agency with respect to affordable housing within the City. It also provides that the Court continue to have jurisdiction over the matters covered in the Stipulation for the purposes of enforcement of the Stipulation. The Stipulation requires that the Agency develop, rehabilitate or acquire or cause to be developed, rehabilitated, or acquired, within the City, affordable housing units in specific amounts during specified periods. Current accounting indicates a Stipulation Production need of 1,205 affordable units by 2006. The Agency has provided 1,152 units leaving a deficiency of 53 units, which must be produced by 2006. Housing Element RHNA Housing Units The Housing Element of the City of Palm Desert's General Plan establishes a housing program that sets a 5-year schedule to achieve goals and objectives. The Housing Element identifies suitable sites for the development of housing units, quantifies the number of units to be created by income level, and estimates the amount of funds available for housing programs to meet the RHNA figures. Additionally, the Housing Element identifies additional policies and programs to meet the housing needs of Palm Desert. Current RHNA housing unit numbers cover the period of 1998 through 2005. The total unit need for this period is 443 units of which 229 must be provide for very low, low and moderate income persons or households. To date the City has provided 127 units leaving a deficiency of 102 units to be provided during the next 13 months. Housing Programs and Projects The City and Agency are proactive in ensuring that affordable housing is developed within the four Redevelopment Project Areas and citywide. Projects and programs anticipated to address the City and Agency's housing responsibilities include: ROSENOW SPEVACEK GROUP, INC. PAGE 2 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY • Affordable Housing Proiects underway: Palm Village Apartments, - Reconstruction/Substantial Rehabilitation of 12 units and construction of an additional 24 two -bedroom units. Self Help Housing -Merle Street — will produce 14 three -bedroom ownership dwellings, all reserved for very low income households. • New Construction of Ownership Units: Construction of 95 large family single family homes on an 18 acre site. The three and four bedroom homes will be reserved for low and moderate income households. • Development of Senior Citizen Housing: The Agency will pursue the development of 26 new senior housing units within the community. This project is targeted to reserve 13 affordable units for the very low income and 13 units for the low-income senior. • Single Family Rehabilitation: The Agency will continue its successful single- family rehabilitation program. It is estimated that 30 units of affordable housing will be assisted during the next five years. • Multifamily Rehabilitation: The Agency will purchase and rehabilitate suitable rental properties, thereby providing affordable units. 30% of the total number of units are to be for low and very low income persons of which not less than 50% of these units will be very low-income affordable housing units. • Provide Developer Incentive — The Agency will provide financial assistance were necessary and appropriate to secure restricted covenants on privately development new single family and multi -family housing units. Programs identified in the City's Housing Element that are anticipated for implementation during the next ten year period that are currently under development by Agency staff are: • Mortgage Subsidy Program - Very low, low and moderate income owners of single-family homes, condominiums and mobile homes may receive assistance if their mortgage payment exceeds 30% of their income. Assistance will be provided directly by the Redevelopment Agency. In exchange for the assistance, the home owner will be required to enter into a recorded agreement with the Agency assuring affordability of the home for 45 years. • Rental Subsidy Program - Owners of single-family homes, condominiums, mobile homes or apartments who rent to very low, low, and moderate income tenants may receive direct rental payment assistance from the Agency. The owner must, in exchange for the assistance, enter into a recorded agreement with the Agency assuring affordability of the rental units for 55 years. • Homebuvers Program - The Agency will provide assistance to very low, low, and moderate income persons in the form of low interest loans to be applied to down payment, non -recurring closing costs, reduction of the interest rate on the first trust deed, or any other cost associated with the purchase of a home. ROSENOW SPEVACEK GROUP, INC. PAGE 3 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Introduction This document is the 2004/05 Affordable Housing Plan and Strategy ("Housing Strategy") for the City of Palm Desert and the Palm Desert Redevelopment Agency and serves as the Housing Component for the Agency's Five -Year (2004/05-2008/09) Implementation Plan and Ten Year (2004/05-2013/14) Affordable Housing Compliance Plan. This Housing Strategy accompanies the Agency's Five Year Implementation Plan, which was adopted along with this Housing Strategy by the Agency following a duly noticed public hearing held on November 18, 2004. This Housing Strategy reviews the need for affordable housing within the community as detailed in the City's General Plan's Housing Element.'It also addresses issues related to the Agency's obligations for affordable housing agreed to under the Stipulation for Entry of Judgment in Case No. Indio 51143, entitled City of Palm Springs v. All Persons Interested on May 15, 1991 and the subsequent 1997 and 2002 Stipulation Amending the 1991 Stipulation for Entry of Judgment ("The Stipulation Regarding Affordable Housing"). Serving as the required housing compliance plan, this Housing Strategy covers collectively all of the Agency's Redevelopment Project Areas: • Project Area No. 1 (Original and Added Territory) ■ Project Area No. 2 • Project Area No. 3 • Project Area No. 4 The City Council of the City of Palm Desert established the Agency in October of 1974. 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; Project Area No. 2 — established in 1987; Project Area No. 3 — established in 1991; and Project Area No. 4 — established in 1993. 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 Agencys four (4) adopted redevelopment project areas encompass an estimated 11,771 acres of the City's incorporated territory. Legal Requirement for Meeting Agency's Housing Obligations The required housing portion of the Implementation Plan (Housing Strategy) serves as a blueprint for current and future Agency activities to meet its low and moderate income ' The City's Housing Element was adopted by the City Council on February 14, 2002 and certified as conforming to State Law by the State Department of Housing and Community Development on May 22, 2002. ROSENOW SPEVACEK GROUP, INC. PAGE 4 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY housing responsibilities. This Housing Strategy presents a summary of the Agency's inclusionary and replacement housing programs as mandated by Sections 33413(a) and (b)(4) and 33490(a)(2) and (3) of the Califomia Community Redevelopment Law, Health and Safety Code Section 33000 et. seq.. Specifically, it presents a reconciliation of the Agency's replacement housing obligations. It provides a forecast of the number of housing units2 that are or will be reserved and affordable to very low, low and moderate income persons or families over the ten year planning period (fiscal years 2004-05 through 2013-14) and until the termination of the Redevelopment Plans.3 This Agency plans to facilitate the creation of the required number of affordable housing units within this timeframe. Compliance with AB 637 and SB 701 This Housing Strategy is consistent with recent changes enacted into Redevelopment Law pursuant to Assembly Bill 637 (Lowenthal) and Senate Bill 701 (Torlakson). Among these significant amendments are: ➢ 55/45 Year Minimum Affordability Periods: Effective January 1, 2002, all units assisted by the Housing Fund including replacement housing units and production housing must be affordable for 55 years (rental units) or 45 years (owner -occupied units). Units assisted, rehabilitated or constructed prior to January 1, 2002 may have shorter time limits. ➢ Substantial Rehabilitation: Between January 2002 and January 2006, a redevelopment agency is only required to include in its housing production obligations those numbers of units generated by the substantial rehabilitation of multifamily units assisted by the agency. Outside of this time frame, substantially rehabilitated dwelling units means substantially rehabilitated multi -family rental dwelling units with three or more units regardless of whether there is agency assistance, or single family units substantially rehabilitated with agency assistance. ➢ Targeting Housing Fund Expenditures: Effective January 2002, the Redevelopment Law now requires that Housing Fund assistance during the Implementation Plan period mirror the community's needs, both in terms of the income categories needed, and the number of family (versus senior) housing 2 The Redevelopment Law defines Affordable Housino Cost as: - Very Low - Not more than 30% of 50% of the County median household income. - Low - Not more than 30% of 70% (or 60% for rental projects) of the County median household income. - Moderate - Not more than 35% of 110% (or 30% of 120% for rental projects) of the County median household income. 3 The Redevelopment Law defines and limits income categories as follows: Very Low Income - persons or households whose gross income does not exceed 50% of the area's median income; Low Income - persons or households whose gross income are greater than 50% but do not exceed 80% of the area's median income; Moderate -Income — persons or households whose gross income are greater than 80% but do not exceed 120% of the area's median income. ROSENOW SPEVACEK GROUP, INC. PAGE 5 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY needed.4 (The Redevelopment Law provides an additional five years to meet this requirement if an agency deposited less than $2 million over the first five years of the ten year period covered by the housing portion of an implementation plan.) Summary of City°s Housing Obligations State law requires each local city and county in the state to have an adopted comprehensive general plan for the community's physical development. The State also mandates that one of the required elements of the general plan is a housing element. The state law also requires that the housing element of a community address the housing needs, both existing and projected, of all economic segments of the community. The housing element must address land use and regulatory issues that will provide opportunities for the development of all types of housing. It establishes the community's goals and objectives with regard to housing production, rehabilitation, and conservation to meet the identified needs. The Housing Element also defines the policies and programs that the community will implement to achieve the stated goals and objectives. The City's Housing Element must provide the following information or detail the actions necessary to meet specific outlined goals: ➢ Quantify projected housing needs of the community utilizing the regional housing need allocation model ("RHNA"), produced by the Southern California Association of Governments ("SCAG") ➢ Make a diligent effort to achieve public participation in the preparation of the document. ➢ Assess housing needs and analyze resources and constraints. ➢ Estimate amount of funds available for housing programs (project redevelopment housing set -aside tax increment funds and other sources of housing funding) ➢ Establish a housing program that sets a 5-year schedule to achieve goals and objectives ➢ City's Housing Program must identify adequate sites -with appropriate zoning, development standards and public facilities that: • encourage development of housing for all income levels; • provide for development of all housing types (multifamily rental, mobile home, farm worker, factory -built, and emergency shelters; • assist in development of housing to meet needs of low and moderate - income households; 4 Allocation of a redevelopment agency's tax increment housing set aside dollars must at a minimum be allocated to very low and low income persons at least in the same proportion to the very low, low and moderate income unit need identified in the community's housing element (as established by the regions housing needs allocation). Additionally housing set aside funds allocated for person 65 years of age or older must not exceed the proportion of their number to the general population. ROSENOW SPEVACEK GROUP, INC. PAGE 6 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY • address governmental constraints; • promote equal housing opportunities for all; and • preserve assisted low and moderate -income housing from risks of market conversion. ➢ Quantify objectives (units) by income levels for: • Construction • Rehabilitation • Conservation ➢ Programs must be consistent with other elements of General Plan The City of Palm Desert's Housing Element of the General Plan was adopted by the City Council on February 14, 2002 and certified as meeting the requirements of State Law by the State Department of Housing and Community Development on May 22, 2002. The Stipulation Regarding Affordable Housing On May 15, 1991, the Superior Court of the State of California for Riverside County, entered a Final Judgment in certain legal actions between the Westem Center on Law and Poverty, Inc, the Califomia Rural Legal Assistance, Jonathan Lehrer-Craiwer and the City and Redevelopment Agency of Palm Desert (the "Parties"). The Judgment incorporated terms of a Stipulation for Entry of Judgment in the Case (the "Stipulation"). The Stipulation and subsequent amendments imposes certain ongoing obligations on the Agency with respect to affordable housing within the City. It also provides that the Court continues to have jurisdiction over the matters covered in the Stipulation for the purposes of enforcement of the Stipulation. The Stipulation requires that the Agency develop, rehabilitate or acquire or cause to be developed, rehabilitated or acquired, within the City, housing units affordable to low income persons or families in specific amounts during specified time periods.' Objectives of the Housing Strategy This Housing Strategy has been developed to accomplish the following objectives: ➢ An assessment of the Agency's compliance with all aspects of the Redevelopment Law's various affordable housing requirements and replacement housing requirements, including current and future need for inclusionary units and the use of housing set -aside funds. 5 Restricted income categories required by the Stipulation are more restrictive than those required by Redevelopment Law. ROSENOW SPEVACEK GROUP, INC. PAGE 7 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY • To account for the number of affordable dwelling units, either constructed or substantially rehabilitated, in the Project Areas since adoption; • To forecast the estimated number of dwelling units to be privately developed or substantially rehabilitated between fiscal years 2004/05 - 2008/09 and 2013/14 and over the duration of the Redevelopment Plan; • To forecast the estimated number of dwelling units to be developed or substantially rehabilitated by the Agency between fiscal years 2004/05 - 2008/09 and 2013/14 and over the duration of the Redevelopment Plans; • To account for any low or moderate income housing units destroyed through the Agency's implementation of the Redevelopment Plan; • To verify the number and type of replacement units provided by the Agency in response to any units destroyed through Agency action; • To project the availability of Agency revenue for funding affordable housing production; • To establish a timeline for implementing this Housing Strategy to ensure that the requirements of Section 33413 are met during the ten-year period between fiscal years 2004/05 and 2013/14;and • To review the consistency of Agency affordable housing goals, objectives, and programs pursuant to the City of Palm Desert's Housing Element. ➢ To examine the issues associated with the mandatory imposition of inclusionary affordability obligations on all new housing projects constructed in the Project Areas. ➢ To assess the City's and Agency's current housing programs and regulations to determine how well they contribute to meeting the Agency's housing obligations under the Redevelopment Law. ➢ To recommend housing strategies, potential programs and specific projects that will meet the Agency's and the City's housing obligations. ➢ To identify implementation policies/programs and potential sites for affordable housing development. ➢ To quantify the affordable housing requirements imposed upon the City and Agency by the Stipulation. Methodology and Data Compilation This Housing Strategy takes into account all residential construction or substantial rehabilitation that has occurred within the Project Areas since their adoption. Information from both the Planning and Building Divisions of the City's Community Development Department was provided and reviewed in order to account for such units and thereby calculate the Agency's overall affordable housing production needs. The Strategy accounts for existing residential construction and substantial rehabilitation, and includes projections of new dwelling units that may be constructed or substantially ROSENOW SPEVACEK GROUP, INC. PAGE 8 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY rehabilitated during the ten-year planning period and over the remaining period for which each of the Project Areas Redevelopment Plans are effective. Aggregation of Affordable Housing Units Among All Project Areas Section 33413 (b)(2)(A)(v) of the Redevelopment Law provides that redevelopment agencies may "aggregate new or substantially rehabilitated dwelling units in one or more project areas if the agency finds, based upon substantial evidence, after a public hearing, that the aggregation will not cause or exacerbate racial, ethnic, or economic segregation." The Palm Desert Redevelopment Agency with the adoption of its 1999 Housing Compliance Plan has previously taken action to aggregate its new and substantially rehabilitated units among all of its (four) Project Areas. The Agency will consider similar action at the Public Hearing scheduled to consider the adoption of this Housing Strategy. It is anticipated that based upon the evidence provided the Agency will find that the aggregation of its affordable housing obligations between its Project Areas, is of benefit to the Project Areas and the community, and that such aggregation will not cause or exacerbate racial, ethnic, or economic segregation. Affordable Housing Provided Outside of the Project Areas Section 33413(b)(2)(A)(ii) of the Redevelopment Law provides that the Agency's obligations under Section 33413 may be met by providing affordable housing outside the project areas on a two -for one basis. During the adoption process for each of the Project Areas, the Agency adopted appropriate resolutions that allow the Agency to expend its twenty percent (20%) housing set -aside money outside of each respective Project Area. To date, the Agency has created or reserved the vast majority of its affordable units within the Project Areas. However, the Agency will, if appropriate, consider funding affordable housing projects or programs outside of the Project Areas when necessary. Housing Goals The housing goals for the term of this Housing Strategy are: ➢ To increase, improve and preserve the Community's supply of low and moderate income housing citywide. > To comply with the replacement and inclusionary housing requirements mandated by Redevelopment Law. ROSENOW SPEVACEK GROUP, INC. PAGE 9 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY ➢ To leverage the Agency's Housing Funds with other resources in order to promote affordable housing. > To insure that the dollars spent for general administrative activities are not disproportionate to the amounts actually spent to produce, increase, and preserve housing. > To give priority to housing proposals that will eliminate or prevent the spread of blight Citywide and decrease excess demands on public services such as police, code enforcement and building and safety within the Project Areas. ➢ To utilize the Palm Desert Housing Authority's ("Housing Authority") resources and powers as tools to implement and assist with the development of affordable low and moderate income housing. > To utilize the Housing Authority's efforts to provide affordable low and moderate income housing and to stabilize problem multifamily projects and distressed areas. > To provide direction in the development of housing programs and projects that over time will enable the City and Agency to meet their combined housing obligations. > To continue to meet the affordable unit requirements set forth in the Stipulation. Since the adoption of the first Housing Plan in 1993 (the "1993 Housing Plan"), the Agency through the efforts of the Housing Authority has actively pursued projects, programs, and activities that meet the Agency's goals as set out above. The projects, programs and activities have been designed to significantly increase the number of affordable very low, low and moderated income housing units within the Community and to improve and upgrade the Community's housing stock and improve the overall quality of life of residents of Palm Desert. Redevelopment Plan Limitations Redevelopment Law provides that certain limitations on redevelopment and financing activities must be imposed on the Redevelopment Plans. Additionally, changes in the Redevelopment Law have and may continue changes in individual Project Area limitations. These limitations affect the term that the Agency may pursue revitalization efforts and among other things the amounts of tax increment revenue available for housing activities. The following Table 1 summarizes the Project Areas Redevelopment Plan limitations. ROSENOW SPEVACEK GROUP, INC. PAGE 10 TABLE 1 PALM DESERT REDEVELOPMENT AGENCY Plan Limits Date of Adoption Effectiveness of Plan/1/2 Tax Increment Bonded Debt Limit /3 Limit to Incur Debt Limit on Receiving Tax Increment and Paying Indebtedness/2 Original Area July 16, 1975 July 16, 2016 $758,000,000 None Eliminated/4 July 16, 2026 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY levelopment Plan Limitations Added Territory November 25, 1981 November 25, 2022 $500, 000, 000 /3 $200,000,000 /5 Eliminated/4 Project Area No. 2 July 15, 1987 July 15, 2028 $800,000,000/5 $150,000,000/5 Eliminated/4 November25, 2032 July 15, 2038 Project Area No. 3 July 17, 1991 July 17, 2032 360,000,000/3 100, 000, 000/3 Eliminated/4 Project Area No. 4 July 19, 1993 July 19, 2034 $200,000,000 /3 $600,000,000 Gross $135,000,000/3 Eliminated/4 July 17, 2042 July 19, 2044 1. Pursuant to Assembly Bill 1290 all pre 1994 redevelopment projects were required to adopt specific time limitations. On December 8, 1994 the City Council adopted the required Ordinances establishing such limits for each Project Area. 2. Pursuant to Senate Bill 1045 (Statutes of 2003, Chapter 260), which was enacted into law in September of 2003, the City Council will have the ability to extend each Project Areas Plan's effectiveness for the time period to collect tax increment by one year. 3. Tax increment cap and/or bonded debt limit is exclusive of amounts paid to taxing agencies and exclusive of amounts paid directly or indirectly by the Agency or any taxing entity to finance the acquisition of land, construction of buildings, facilities, structures or improvements for such taxing agencies. 4. Pursuant to Senate Bill 211(Statues of 2001 Chapter 741) the City Council adopted the required Ordinance amending the Project Areas Redevelopment Plans to eliminate the time limits to incur debt. 5. Amounts adjusted annually by Consumer Price Index (CPI) ROSENOW SPEVACEK GROUP, INC. PAGE 11 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Affordable Housing Production Needs This section describes the Agency's housing production needs for the next ten years, which is comprised of two five-year planning periods (2004/05-2008/09 and 2009/10- 2013/14) and over the duration of the Redevelopment Plans. Definitions and Data Compilation This Housing Strategy takes into account all residential construction or substantial rehabilitation that has occurred within the Project Areas since their adoptions in order to determine affordable housing production needs. This Housing Strategy includes figures for existing residential construction and substantial rehabilitation, and projections for the number of additional dwelling units to be constructed or substantially rehabilitated during the next ten (10) years and over the life of the Plans. The following sections define "new construction" and "substantially rehabilitated" as used in this Housing Strategy, as well as the methodology used for collecting data on both existing and projected housing units. ➢ New Construction. The Agency and City Planning staff provided the original construction statistics used in the 1993,1994 and 1999 Housing Plans. Because Redevelopment Law does not provide a clear definition of new construction, the Agency staff, consultant, and legal counsel have agreed upon a "definition" for new construction. The definition: "new construction occurs when building permits are issued for and construction occurs resulting in the development of a new dwelling unit" was utilized to account for units considered developed from the respective adoptions of the Project Areas until the 1993 Housing Plan preparation. Therefore, all units constructed during this time period would fall under the requirements for the production of affordable housing units within the Project Areas pursuant to Section 33413 of the Redevelopment Law. Counts of new dwelling units developed from 1994 through 2004 were based upon an examination of City building permit records. ➢ Future proiections of new units. Projections of future new units have been based on General Plan land use densities and available vacant land. The Community Development Director and his Planning staff have reviewed the General Plan densities of residentially zoned vacant land within the Project Areas to determine the potential numbers of new and substantially rehabilitated units that can be expected to be developed over the remaining effectiveness of the Redevelopment Plans. The results of this review determined that within the next ten years Project No. 1 (Original and Added Territory), Project Area No. 3 and Project Area No. 4 will reach build out. Only Project Area No. 2 will still have remaining vacant land that may generate additional new dwelling units. ➢ Aaencv Developed Units. It should be noted with the exception of the Palm Village Apartments, a new construction/substantial rehabilitation affordable housing project now underway, projections for future dwelling units in the ROSENOWSPEVACEKGROUP, INC. PAGE 12 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Project Areas do not include units to be developed by the Agency. According to Agency staff, the Agency does not anticipate directly developing or rehabilitating any dwelling units which would trigger the thirty percent (30%) affordable housing requirement of Section 33413(b) (I) within the ten (10) year time frame of this Housing Strategy. However, the Agency will continue to cooperate with and provide assistance and incentives to private developers, nonprofits, and the Housing Authority in order to meet affordable housing production goals. > Substantial Rehabilitation. The Redevelopment Law, as amended by AB 1290, defines "substantial rehabilitation" as: "...rehabilitation, the value of which constitutes 25 percent of the after rehabilitation value of the dwelling, inclusive of the land value." 33413(b) (2) (A) (IV) > As defined by the Redevelopment Law "substantially rehabilitated dwelling units" means: "On or after January 1, 2002, substantially rehabilitated dwelling unit's means all units substantially rehabilitated, with agency assistance. Prior to January 1, 2002 substantially rehabilitated dwelling units shall mean multifamily rental units with three or more units or substantially rehabilitated with agency assistance, single-family dwelling units with one or two units." 33413(b) (2) (A) (iii) Table 2 below, details the Agency's "Inclusionary Housing Obligation Status" with updated total units constructed to date in the Project Areas, and those expected to be constructed from 2004 through the term of expiration of each of the Redevelopment Plans. ROSENOW SPEVACEK GROUP, INC. PAGE 13 Project Area AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Table 2 Palm Desert Redevelopment Agency Inclusionary Housing Obligation Status Developed or Number of Total Number VL Units L & M Units Substantially Units Units Required Required Required Rehabilitated Produced Project Area No. 1 Built from date of adopt through June 30, 1994 Privately/ 15% 3,600 540 216 324 Substantially Rehabilitated Agency/30% 64 19 10 9 SUBTOTAL 3,664 559 226 333 6 g 1Substantially Rehabilitated Agency/30% 68 20 10 10 m cs, 1NewConstruction Private/15% 1,092 164 66 98 SUBTOTAL 1,160 184 76 108 T o 1SubstantiallyRehabilitated ' Agency/30% 12 4 2 2 v INewConstruction Agency/30% 24 7 4 4 g A 5 INew Construction Private/15% 741 111 44 67 SUBTOTAL 7771 122 50 72 To Be Bullt/Provided Over RemaininQProlect Term Private/15% 0 0 0 0 TOTAL UNITS OVER TERM OF PLAN 5,601 865 351 514 Project Area No. 2 Built from date of adopt through June 30, 1994 Substantially Rehabilitated Private/15% 0 0 0 0 New Construction Private/15% 1,159 173.9 69.5 104.3 SUBTOTAL 1,159 174 70 104 4 4 1SubstantiallyRehabilitated Private/15% 0 0 0 0 N (New Construction Private/15% 238 35.7 14.3 21.4 SUBTOTAL 238 35.7 14.3 21.4 o g Q (Substantially Rehabilitated Private/15% 0 0 0 0 CVi N 1- INew Construction Private/15% 2,000 300.0 120.0 180.0 SUBTOTAL 2,000 300 120 180 To Be Built/Provided Over RemaininQProject Term Private/15% 767 115 46 69 TOTAL UNITS OVER TERM OF PLAN 4,164 625 250 375 Project Area No. 3 Built from date of adopt through June 30, 1994 Substantially Rehabilitated Private/15% 0 0.0 0.0 0.0 New Construction Private/15% 80 12.0 4.8 7.2 SUBTOTAL 0 0 0 0 d I Substantially Rehabilitated Private/15% 2 1.0 0.5 0.5 -i 0 v g i CN 8 m- INewConstruction Private/15% 554 83 33 50 SUBTOTAL 554 83 33 50 To Be Built/Provided Over Remaining Protect Term Private/15% 0 0 01 0 TOTAL UNITS OVER TERM OF PLAN 1,097 165 66 99 Project Area No. 4 Built from date of adopt through June 30, 1994 Substantially Rehabilitated Private/15% 0 0.0 0.0 0.0 New Construction Private/15% 218 33 13 20 SUBTOTAL 218 33 13 20 4 g I Substantially Rehabilitated Agency/30% 141 42 21 21 i - N i New Construction Private/15% 937 141 56 84 SUBTOTAL 1 1,078 183 77 105 ui � � Substantially Rehabilitated Private/15% 0 0 0 0 a ` v N r N `r New Construction Private/15% 76 11.4 4.6 6.8 SUBTOTAL 76 11 5 7 To Be BuIlUProvlded Over Remaining Protect Term Private/15% 0 0 0 0 TOTAL UNITS OVER TERM OF PLAN 1,372 227 95 132 TOTAL ALL PROJECT AREAS -SUMMARY OF UNITS SUBTOTAL PRIOR TO 12/31/94 5,041 766 308 457 SUBTOTAL- 1ST TEN YEARS 3,019 485 200 285 SUBTOTAL -2ND TEN YEARS 3,407 516 208 309 To Be Built/Provided Over Remaining Project Term Private/15% 767 115 46 69 TOTAL UNITS Ovcn r cru i ur ra-AN 12,234 1,882 762 I 1,119 N New Construction Private/15% 541 81.2 32.5 48.7 SUBTOTAL 543 82 33 49 ISubstantiallyRehabilitated Private/15% 0 0 0 0 1/ Includes projects currently under construction. ROSENOW SPEVACEK GROUP, INC. PAGE 14 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Inventory of Existing Deed -Restricted Units The Agency is obligated under Section 33413 (b) of the Redevelopment Law to ensure that 30% of all Agency developed or substantially rehabilitated units within the Project Areas are made available at affordable housing costs to very low, low and moderate income persons or households6. Additionally this section of the Redevelopment Law provides that 15% of all units developed or substantially rehabilitated within the Project Area must be made available at affordable housing costs to very low, low and moderate income persons or households. To satisfy the Agency's production needs, units that are either developed or substantially rehabilitated must be subject to covenants. Units created after 2001 must carry 45-year affordability covenants for single family units and 55-year affordability covenants on multifamily units.' Units may be constructed inside or outside the Project Areas, but units provided outside a project area count on a 2-for-1 basis. The Agency may also purchase 55-year affordability covenants on multifamily units. Table 3 below presents an inventory of the existing deed -restricted units that meet these requirements. In total, the Agency's affordable housing program has yielded 1,458 affordable units, of which the Agency's inclusionary unit need can be credited with 1,349 restricted units.8 The 1,349 affordable restricted units are allocated as follows; 594 are restricted for very low income persons or households, 538 are restricted for low income and 217 for moderate income. (These figures exclude manager's units that are included as a part of multifamily housing projects, as well as units projected to be produced as the Agency continues implementing its affordable housing program.) 6 Section 50052.5 of Health and Safety Code defines affordable housing cost as: - Very Low - Not more than 30% of 50% of the County median household income. - Low - Not more than 30% of 70% (or 60% for rental projects) of the County median household income. - Moderate - Not more than 35% of 110% (or 30% of 120% for rental projects) of the County median household income. ' 45 years for ownership units or 55 years for rental units. Prior to January 1, 2002, affordability covenants could be as little as the duration of the redevelopment plan to count for meeting a redevelopment agency's affordable housing production requirements. 8 Pursuant to Section 33413 (b) (ii) of the Redevelopment Law, the Agency may provide two indusionary units outside the Project Areas for each required restricted affordable unit. ROSENOW SPEVACEK GROUP, INC. PAGE 15 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY TABLE 3 PALM DESERT REDEVELOPMENT AGENCY & PALM DESERT HOUSING AUTHORITY UST OF INCLUSIONARY HOUSING UNITS Projects Unit Breakdown Total Units aR of Units of I of Units of 6 of Units of Total i of in Project Very Low Low Mod Affordable Units Through June 1994 Total PC -A One Quail Place/72-600 Fred Wanng Dnve 156/1 BR, 228/2 BR 384 133 PC -A Pueblos/ 73-695 Santa Rosa Way 15/1 BR 15 13 PC -A Neighbors/ 73-535 Santa Rosa Way 24/2 BR 24 14 I PC -A Catalina Gardens•/ 73-600 Catalina Way 48/ Studio, 24/1 BR 72 49 PC -A 150/1 BR 150/147 81 Las Serenas*/ 73-315 Country Club Dr./1 Applied NC CV Self Help HousingNarious Location 11/3 BR 11 0 SR -A Desert Pointe/43-805 Monterey Ave 34/ Studio, 24/1 BR, 64 26 2/2 BR RC -A San Tropez Apts. 73-373 Country Club Dr. 38/ 1BR, 65/ 2 BR 103 0 IRC Shadow Hills Estates 45-DeepCanyon Unknown 0 I IRC Shadow HMIs Estates 74-582 Deep Canyon Unknown 0 1 I Subtotal 673 316 1 IJuly 1994 through June 2004 ISR-A Santa Rosa Apartments 20/ 2BR I 20 PC -A Taos Palms 44-830n Las Palmas Ave 16/ 2BR I 16 MH-OU PPVr ola Palms Mobile Home Pk 43-155 Portola 142 MIS 39 Assisted Ij 142 NC Desert Rose SF Homes 1 124/ 3BR 37/ 4BR 1 161 Building Horizons SF Homes 73-378 & 386 NC Royal Palms 2/ 3BR 2 NC Habitat For Humanities 3/4BR 3 NC IRebecca Road 42-662 &42-740 1 2/2BR I 2 SR -A (California Villas 77-107 Califomia Ave 141/ 1BR 141 SR -A Laguna Palms 73-805 Santa Rosa Way NC Hovely Gardens 74-501 42nd Ave/1 RC Candlewood Shadow Mountain NC Villas on the Green 77-120 Calif. Dnve NC NC RC NC 20 12 29 24 0 3 0 97 4/ Studio, 18/ 1 BR, 48 I 27 26/ 2BR 18/4BR,73/ 2 BR, 72/ 162/130 62 3BR Applied i 26 1 13 3/Studio, 10/ 1 BR, 2/ I 15 I 0 2BR Cantena Phase 1 12/ 1 BR31B7R2 BR, 2/I 306 31 Pacific Assisted Living 73-685 Catalina Way 1 2/ 1 BR I Unknown 1 0 74-047 San Marino Cir 1/2BR I Unknown 1 0 River Run One 44-555 San Raphael Ave 2/ Studios I Unknown 1 0 Subtotal 1 1 882 1 318 TOTAL UNITS Credited Total I Credited Total 133 191 I 191 60 13 1 I 1 1 14 3 I 3 7 49 8 8 15 40.5 35 17.5 31 O 11 11 0 26 14 14 24 0 103 51.5 0 0 0 0 6 O 0 0 10 275.5 366 I 297 154 20 0 12 3 29 6 24 105 0 2 3 0 O 2 97 26 27 62 67 13 1 13 O I 8 31 I 0 O I 2 O I 0 O 1 2 0 3 6 105 2 0 2 0 1 4 32 0 Terms of CCSRs Within/ Outside PA's Full or 50% Credit Credited Total I Credited 60 384 I 384 0 At least 55 Yrs. Full 1 15 I 15 0 At least 55 Yrs. Full 7 24 I 24 0 At least 55 Yrs. Full_ 15 72 I 72.0 At least 55 Yrs Full 15.5 147 73.5 At least 55 Yrs 50% O 11 11.0 30 Yrs from 1991 Full 24 64 64.0 At least 55 Yrs Full O 103 51.5 30 Yrs. From 1984 50% 6 6 6 30 Yrs From 1984 Full 10 10 10 30 Yrs From 1984 Full 138.5 836 I 711 O 20 1 0 4 39 32 161 O 2 O 0 3 O 0 2 26 18 18 141 5 16 67 0 13 0 8 7 O 0 2 0 O 1 2 I 0 318 I 241 241 I 79 I 1555 1834 593.5 1 607 Private Development with Agency Funded Assistance Currently Underway NC - Palm Village Apartments 73-610 - 688 Santa SR Rosa Wy/Substantial Rehab 12 units -addition of 36/ 2 BD 36 18 18 18 24 units NC Self Help Housing Mede Street 14/ 3 BR 14 14 14 0 INC 18 Acre SFD 47/ 3 BR, 47/ 4 BR 94 0 0 47 NC 26 Unit Rental Senior Housing 26/ 1 BR 26 13 13 13 Subtotal 170 27 27 60 TOTAL 1726 661 620.5 667 538 1 233 18 0 0 47 47 13 0 60 47 696 280 16 48 O 129 O 26 7 15 O I 31 O I 1 I O I 2 79 1622 20.0 55 years from 1999 Full 16.0 At least 55 Yrs I Full 39.0 30 Yrs/form 1994 I Full 161 0 1 30 Yrs./from 1996 I Full 2.0 130 Yrs From 1998 I Full 3.0 3/30 Yrs. & 1/20 I Full Yrs 2 0 130 Yrs. From 2000 I Full 141.0 I Full 48.0 155 years from 2003I Full 129.0 55 years from 20031 Full 26.0 I HUD Financed I Full 15.0 30 yrs/or useful Ide I Full of building 31 0 130 Yrs. From 2002 I Full 2 I 30 Years + 1 Full 1 I 45 Years I Full 2.0 I 30 Years + I Full 638.0 1 I 217.5 11458 1 1349.0 I O 36 0 1 0 36 55 years Full 14 14 45 Years Full 47 94 94 45 Years Full 0 26 26 55 Years Full 47 170 170 264.E 1628 1519 Key' PC- PC -A. Affordable units created from existing units through the purchase of affordability covenants. "A" indicated units are owned by Agency. INC-Units created by new construction. IRC-Restnctwe Covenant imposed as a condition of development IMH-OU Mobile home -Horne ownership assistance. [SR -Units created through the rehabilitation of existing units with the imposition of affordability covenants. Affordable Units Required As previously described, Section 33413(b) of the Redevelopment Law requires that not less than 30% of any Agency -developed units ("30% Units") or 15% of privately developed units ("15% Units") produced during the next five and ten year period (the "Planning Period") be affordable to low and moderate income households. The Redevelopment Law also requires that 50% of the 30% Units and 40% of the 15% Units be specifically limited and affordable to very low income households. These ROSENOW SPEVACEK GROUP, INC. PAGE 16 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY affordable housing production requirements should be met during this planning period, which ends on June 30, 2014. Based upon the forecast of housing construction presented earlier and the Agency's inventory of affordable housing projects completed to date, Table 4 presents the computation of the Agency's affordable housing production requirement for the planning period, as well as the entire duration of each of the Redevelopment Plans. PALM DESERT REDEVELOPMENT AGENCY RECONCILIATION OF AFFORDABLE INCLUSIONARY UNITS SECOND TEN YEAR HOUSING STRATEGY ( COMPLIANCE) PLAN 2004/05-2009/09 & 2009/10.2013/14 TIME FRAME Through 6-30-94 (Actual) Agency Developed 1/ Through 6-30-94 (Actual) Privately Developed 1/ Total Pre 1994/95 Pre 94/94Affordable Inclusionary Units Produced and Restricted 1st 10-Year Planning Period (1994/95 - 2003/04) Pre 94/95 deficit units allocated for 1st 10 yrs (50% of Needed Units) Agency Developed - Privately Developed Total 1st 10 Yr. Planning Period 2nd 10 -Year Planning Period (2004/05-2013/14) 11ST 5 YEARS -2004/05 -08/09 Pre 94/95 deficit units allocated for 2nd 10 yrs(50% of Needed Units) Projected Units Agency Developed - Pri vatelt Developed SUBTOTAL 12ND 5 YEARS -2009/10-13114 Pre 94/95 deficit units allocated for 2nd 10 yrs(50% of Needed Units) Projected Units Agency Developed - Privately Developed SUBTOTAL Total 2nd 10 -Year Planning Period (2004/05-2013/14) From 2nd 10 Year End to End of Plans Duration of Redevelopment Plans 2/ Notes: 1/ Since deficit was created over penod from adoption of the Original Project 1 through 1994, the unit deficit identified under "Pre-1994 will be addressed over a 20 year period. 2/ Duration of Redevelopment Plans are as follows: Original Project 1-2016, Added Territory 2022; Project No. 2 - 2028; Project No. 3 - 2032, and Project No 4-2034. New Construction Substantial Rehab. 64 64 4,977 4,977 4,9771 641 5,041 0 2091 2091 19 747 7661 383 631 2,8081 21 2,8101 4221 2,808 2111 3,0191 8681 10 448 458 2291 311 253 513 10 299 308 711.0 638.0 Low/Mod Production Very Low Production 435.5 275.5 320.0 318.0 TABLE 4 0 d+ Z ' z Z, a Q , J (% O 7 O N 0 154 31 1691 3541 1,3491 755.5 593.5 4811 FIRST 10 YEAR PERIOD INCLUSIONARY NEED ACHIEVED Carry Over Units = 481 242 2391 1 Units Under Way = 170 107 271 191 114 77 24 12 36 11 5 6 2,892 0 2,892 434 260 174 2,9161 12 2,928 636 380 257 Carry Over Units = 192 115 76 0 479 1 4791 1 3,3951 7671 239 651.21 349.1 266.2 15.6 1 9.6 15.6 1 (31.0) 9.6 0 0 0 0 0 0 479 71.9 43 29 01 479 2641 158 105 (248) 121 3,407 899 538 361 I 01 767 115 69 46 1 1 1,882 1,1211 762t-------1 (189)1 Past Inclusionary, Current Five & Ten Year Inclusionary Unit Need (95)1 The Agency has actively worked to produce the required number of inclusionary units over the last ten years, producing over 1,458 affordable units (with an inclusionary credit of 1,349 units).9 As detailed in Table 4, the Agency has more than met their inclusionary housing needs for the prior 10 year period (1994/95 through 2003/04). The Agency has produced a surplus of 481 affordable units that they will apply to this planning period's projected affordable unit need. Additionally, the Agency has entered into agreements or undertaken construction of 134 units of affordable housing that will 9 Pursuant to Section 33413 (b) (ii) of the Redevelopment Law, the Agency may provide two inclusionary units outside the Project Areas for each required restricted affordable unit. ROSENOW SPEVACEK GROUP, INC. PAGE 17 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY substantially meet their 5-Year unit need. As shown on Table 4, the Agency will continue its efforts to facilitate the construction or restriction of the remaining 284 units that will be required to meet the ten year planning period's affordable housing unit obligation. Replacement Housing Production Needs The Redevelopment Law requires that whenever housing occupied by low and moderate income persons or households are destroyed as part of an Agency project, the Agency is responsible for ensuring that an equivalent number of replacement units are constructed or substantially rehabilitated. These units must provide at least the same number of bedrooms destroyed, and 100% of the replacement units10 must be affordable to the same income categories (i.e. very low, low, and moderate) as those removed. The Agency receives a full credit for replacement units created inside or outside the Project Areas. Since the adoption of the last Implementation Plan, the Agency has provided funding for a necessary infrastructure project that resulted in the destruction of housing occupied by low and moderate income persons or households. REPLACEMENT HOUSING OBLIGATIONS REPLACEMENT HOUSING UNITS REQUIRED No. of Units Removed/ No. Total No. of Very Low Total No. of VL, L & M Project Year of Units Occupied by VL, L Bedrooms Income Income or M Income Units Units Widening of Fred Waring Drive Hovely Gardens 74-501 42nd Ave/ Las Serenas*/ 73-315 Country Club Dr./1 2000 41/35 91 35 11 REPLACEMENT UNITS PROVIDED -AT 100% OF INCOME TYPE OR LOWER 162 unit project-32 allocated to replacement obligation 150 unit project -3-1 bed allocated to replacement obligation Replacement Housing Need Met 32 Units (8-2BD, 21-3BD, 3- 4BD) 3 Units (1 BD) 46 Low Income Units TABLE 5 Moderate Income Units 15 1 9 91 32 11 21 0 3 3 0 0 3 94 35 11 21 3 Table 5 above, details the very low, low and moderate income units destroyed by the widening of Fred Waring Drive in 2000 and the units produced by the Agency to meet its replacement housing obligation. The Agency does not anticipate demolishing or removing any additional affordable dwelling units during this five and ten year planning period. 10 Prior to January 1, 2002, 75% of all replacement units must be of the same income category or a lower income category as those persons or households displaced. ROSENOW SPEVACEK GROUP, INC. PAGE 18 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Estimated Housing Fund Resources Housiig Set Aside Tax Increment Funds The Agency's primary source of funding for housing projects and programs is the annual deposit of 20% of its tax increment revenue into a special housing set -aside fund ("Housing Fund"). The Redevelopment Law requires that these funds be used to increase, improve, and preserve the community's supply of housing available, at affordable housing cost, to persons and families of very low, low, and moderate incomes. Other sources of Housing Fund revenues include interest eamings, bond proceeds, land sale proceeds, loan repayments, and developer loan proceeds. Table 6 below, presents staffs forecast of Housing Fund revenues and expenditures for the first five years of this planning period. The forecast accounts for operational and project expenditures based on the current budget and are subject to change. ROSENOW SPEVACEK GROUP, INC. PAGE 19 FIVE YEAR IMPLEMENTATION PLAN -HOUSING COMPONENT PALM DESERT REDEVELOPMENT AGENCY 1 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY TABLE 6 HOUSING STRATEGY PROGRAM 2 3 4 5 Total 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 Beginning Available Fund Balance 14,831,906 6,760,562 5,699,028 8,403,438 14,183,591 Revenues Tax Increment Revenue 1/ 11,626,760 12,037,086 12,490,830 12,964,207 13,458,197 62,577,081 Interest Eamings 296,638 120,060 83,313 122,271 223,137 845,420 Housing Mitigation 160,000 160,000 160,000 150,000 150,000 780,000 Bond Proceeds - Other Income - Loan Payoffs 24,000 26,000 28,000 30,000 32,000 140,000 Other Income -1st Trust Deeds - 9,500,000 5,000,000 - - 14,500,000 Subtotal 12,107,398 21,843,147 17,762,143 13,266,478 13,863,335 78,842,500 Total Resources 26,939,304 28,603,709 23,461,171 21,669,916 28,046,926 Expenditures Bond Debt Service Payments /2 4,299,330 4,301,813 4,300,393 4,294,858 4,299,535 21,495,929 Administrative Costs 3/ 924,915 1,029,911 1,075,000 1,122,184 1,171,562 5,323,572 SB 2557 fee 4/ 176,912 184,367 192,140 200,243 208,692 962,354 New Bond Debt Service Subtotal 4,476,242 4,486,180 4,492,533 4,495,101 4,508,227 22,458,283 Projects & Programs Costs Rental Assistance Program (CP) 50,000 260,000 525,200 795,704 1,071,618 2,702,522 Acquisition Rehabilitaion and Resale 250,000 260,000 275,000 280,500 286,110 1,351,610 Mortgage Assistance Program (CP) - 50,000 101,000 153,020 206,080 510,100 Self Help Housing - 450,000 450,000 - - 900,000 Home Buyer Assistance Program (CP) 300,000 300,000 300,000 300,000 300,000 1,500,000 Multi -Family Rehabi/itatlon(OwnerOccupied) - 25,000 25,000 - 50,000 Home Improvement Program Comp 1 to 6 350,000 300,000 300,000 300,000 300,000 1,550,000 Property Acquisition -Senior Housing New Construction 4,000,000 - 2,000,000 6,000,000 Desert Rose Cost to maintain affordability (loci 2TD increases) 50,000 65,000 80,000 95,000 110,000 400,000 Portola Palms Mobile Home Park 2,500 2,500 2,500 2,500 2.500 12,500 New Multi -Family Acquisition -- - City Reimb 40 Acres + Int/Site Prep 2,700,000 - 2,700,000 Projects Slated from Non -Taxable Bond Issue: Palm Village Apts Purch/Rehab & Subsidy - 6,000 7,500 7,500 7,500 28,500 Mutli-FamilyAcq/ Rehab (Country Club Estates, Laguna Palms) 3,000,000 1,700,000 500,000 5,200,000 Future Projects: New Construction for Sale (Balance of 18 acres) 9,000,000 15,000,000 4,000,000 28,000,000 New Multi -Family Construction - 1,000,000 13,500, 000 14,500,000 New Construction Subsidies 24,000 32,000 40,000 96,000 Subtotal 15,702,500 18,418,500 10,565,200 2,991,224 17,823,808 65,501,232 87,959,516 Total Expenditures 20,178,742 Ending Available Fund Balance 6,760,562 1/ For Tax Increment Revenue growth @ 3% per annum 21 Based upon City 3/ Admin. Costs growth at 5, professional services growth at 2.5% 4/ Represents net SB 2557 fee. Housing Fund is charged its proportional share of this County Charge. 22,904,680 15,057,733 7,486,325 5,699,028 8,403,438 14,183,591 22,332.035 5,714,891 Targeting of Housing Fund Expenditures As set forth by Section 33334.4 of the Redevelopment Law, each agency shall expend, over the duration of the compliance plan, the moneys in the Housing Fund in proportion to the community need, both in terms of the income categories and the number of senior households assisted. Income Categories Assisted According to the City's 2004 Housing Element, the current RHNA figures for the City cover the time period of 1998 through 2005. Table 7, taken form the Housing Element, ROSENOW SPEVACEK GROUP, INC. PAGE 20 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY shows the Citywide need for 215 high income units, 85 moderate income units, 67 low income units, and 77 very low income units. TABLE 7 City of Palm Desert Future Housing Needs by income (RHNA Needs per SCAG) 1998-2005 Income Category Units Very Low Income 77 Low Income 67 Moderate Income 85 High Income 214 Total Units 443 Pursuant to Section 33334.4(a) of the Redevelopment Law, Housing Fund expenditures over the period of the Implementation Plan must be expended for very low and low income persons at a minimum in the same proportion to the City's fair share of the Regional Housing Need Assessment (RHNA) unit need for very low, low and moderate income units. Based on the figures detailed in Table 8 below, the Agency's Housing Fund expenditures must be allocated so that at a minimum 29.3% of the funds are expend to assist low income persons and at a minimum of 33.6% are expended on very low income persons . Table 8 Housing Set Aside Funds 10 Year Funding Target Allocation Based Upon 1998-2006 RHNA Income Units Minimum Category % Allocation Very Low 77 33.6% Low 67 29.3% no Moderate 85 minimum Total 229 Family and Senior Housing Pursuant to Section 33334.4(b) of the Redevelopment Law, Housing Fund expenditures for senior housing over the period of the Implementation Plan must be expended in proportion to the community's population of that age, according to the most recent Census. According to the 2000 Census, 11,410 (27.4%) of the City's 41,284 residents were 65 years of age or more. As such, not more than 27.4% of the Agency available housing fund revenues may be expended on senior housing projects during this Planning Period. ROSENOW SPEVACEK GROUP, INC. PAGE 21 Age Under 65 65 or Over Total Units AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY TABLE 9 City of Palm Desert Population Distribution of Persons 65 Years of Age or Older Number of Persons 29,874 11,410 41,284 Source 2000 US Census data Projected Housing Fund Expenditures ok 72.4% 27.6% 100.0% Table 10 presents a summary of the Agency's proportional housing expenditures based on planned projects described in the next section of this Housing Strategy, and the thresholds set forth above. TABLE 10 10 Year Housing Strategy Plan Projected Projected Housing Fund Resources 10 Year Totals Beginning Cash Balance $14,831,906 Projected Tax Increment Set -Aside Rev. 136,172,020 Other Revenue Income to Housing Fund 2,669,561 Subtotal $153,673,487 Total Debt Service/Admin & Operations (49,221,023) Net Revenue Available for Projects & Programs $104,452,464 10 Year Estimated Allocation of Funds by Income Group RHNA % 33.62% 29.26% 37.12% 100.00% Income Group/ Minimum Expenditures Very Low Low Unrestricted (very low, low & moderate) Senior Citizen Housing Allocation Senior Population % (Limitation) 27.6% Project Amount $35,121,571 30, 560, 328 38,770, 565 $104,452,464 $28,828,880 • ROSENOW SPEVACEK GROUP, INC. PAGE 22 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Potential Affordable Units by Year Table 11 presents the Agency's estimate of affordable housing units that will be produced or provided during the next 5 year period. TEN YEAR AFFORDABLE HOUSING COMPLIANCE PLAN TABLE 11 PALM DESERT REDEVELOPMENT AGENCY INCLUSIONARY HOUSING PRODUCTION TIMELINE (Program / Project Affordable Units Produced by Year 2004-05 2005-06 2006-07 2007-08 2008-09 Total VL L/M VL UM VL UM VL 1 UM VL UM VL 1 UM Palm Village Apartments 18 Acre Housing Development/ Single Family Self -Help Housing Program Senior Housing Rental Project Senior Housing Rental Project Sares Regis Project Density Bonus (TOTAL PROGRAM 18 18 14 94 13 13 0 32 5 5 18 18 0 94 14 0 13 13 5 5 0 32 181 18 141 94 13 45 51 51 0 0 501 162 TOTAL AFFORDABLE (NITS 212 Other Funding Sources for Housing Programs All potential sources of funding will be actively pursued by the Agency in its efforts to implement the Citv's Housina Element and Housing Strateay. Key to this effort continues to be the establishment of relationships between public entities (especially the City) and the private sector. Proposed Affordable Housing Initiatives Despite the fact that the Agency's housing program has produced a surplus of housing units above the Redevelopment Law's requirements for the last 10-Year Planning Period the Agency will continue to implement its housing program in the City to provide additional affordable housing units to meet the current Planning Period's inclusionary unit need. The current projects and programs proposed by the Agency include the following. ROSENOW SPEVACEK GROUP, INC. PAGE 23 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Planning Period Housing Projects and Programs The Agency will continue implementation of affordable housing projects throughout the Project Areas and Citywide over the balance of the 10-year planning period. In that, the Agency's recent housing production activities have resulted in a substantial number of affordable housing units being created, reserved or produced. During the current planning period, the Agency will concentrate its efforts in generating additional units to meet its inclusionary requirements and Housing Element goals Citywide. Future implementation activities will fall into the following categories: • Palm Village Apartments: 73-610-688 Santa Rosa Way- Reconstruction/Substantial Rehabilitation of 12 units and construction of an additional 24 units of which all are to be 3 bedrooms. All Units will be restricted and affordable for a period of not less than 55 years. It is anticipated that 18 units will be reserved for very low households and 18 units will be reserved for low income households • Self Help Housing -Merle Street - The Agency will continue its self-help housing program, producing 14 3 bedroom ownership dwellings, all reserved for very low income households. The homes will be covered by a 45 year affordability covenant. • Construction of 95 large family single family homes on an 18 acre site. The 3 and 4 bedroom homes will be reserved for low and moderate income households. The homes will be covered by a 45 year affordability covenant. • Senior Citizen Housing - The Agency will pursue the development of 26 new senior housing units within the community. This project is targeted to reserve 13 affordable units for the very low income and 13 units for the low-income senior. All Units will be restricted and affordable for a period of not less than 55 years. • Single Family Rehabilitation — The Agency will continue its successful single- family rehabilitation program. It is estimated that 30 units of affordable housing will be produced. • Multifamily Rehabilitation — The Agency will purchase and rehabilitate suitable rental properties, thereby providing affordable units. 30% of the total number of units are to be for low and very low income persons of which not less than 50% of these units will be very low-income affordable housing units. • Provide Developer Incentive — The Agency will provide financial assistance were necessary and appropriate to secure restricted covenants on privately development new single family and multi -family housing units. Programs identified in the City's Housing Element that are anticipated for implementation during the next ten year period that are currently under development by Agency staff are: ROSENOW SPEVACEK GROUP, INC. PAGE 24 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY • Mortgage Subsidy Program - Very low, low and moderate income owners of single-family homes, condominiums and mobile homes may receive assistance if their mortgage payment exceeds 30% of their income. Assistance will be provided directly by the Redevelopment Agency. In exchange for the assistance, the home owner will be required to enter into a recorded agreement with the Agency assuring affordability of the home for45 years. • Rental Subsidy Program - Owners of single-family homes, condominiums, mobile homes or apartments who rent to very low, low, and moderate income tenants may receive direct rental payment assistance from the Agency. The owner must, in exchange for the assistance, enter into a recorded agreement with the Agency assuring affordability of the rental units for 55 years. • Homebuyers Program - The Agency will provide assistance to very low, low, and moderate income persons in the form of low interest loans to be applied to down payment, non -recurring closing costs, reduction of the interest rate on the first trust deed, or any other cost associated with the purchase of a home. Housing Fund Expenditures 1999/00 through 2003/04 Section 33490 (a)(C)(iv) requires agencies to report the amounts of Housing Fund dollars utilized to assist affordable units over the previous Implementation Plan Period (prior 5 year period). The Agency's Housing staff has identified Housing Fund dollars expended on affordable housing projects since 1999. The following Table 12 details the Housing Funds spent during this period. ROSENOW SPEVACEK GROUP, INC. PAGE 25 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY TABLE 12 Housing Fund Expenditures by Residential Project 1999/2000 through 2003/04 Projects HOUSING FUND 870 20% SET ASIDE Actual Expenditures Debt Service Admin/Prof Exp 1 Total by Project One Quail Place/72-600 Fred Waring Drive 8,489,219 8,489,219 Pueblos/ 73-695 Santa Rosa Way 17,687 266,567 284,254 Neighbors/ 73-535 Santa Rosa Way 520,956 520,956 Catalina Gardens*/ 73-600 Catalina Way 17,687 934,102 951,789 Las Serenas*/ 73-315 Country Club Dr./1 2,817,900 2,817,900 CV Self Help HousingNarious Location 1,173 1,173 Desert Pointe/43-805 Monterey Ave 1,046,987 1,046,987 San Tropez Apts. 73-373 Country Club Dr. - Shadow Hills Estates 45-Deep Canyon - Shadow Hills Estates 74-582 Deep Canyon - - Subtotal 35,374 14,075,731 1,173 14,112,278 Santa Rosa Apartments $ 72,178 72,178 Taos Palms 44-830n Las Palmas Ave 270,627 270,627 Portola Palms Mobile Home Pk 43-155 Portola Ave 736,025 736,025 Desert Rose SF Homes 425,170 425,170 Building Horizons SF Homes 73-378 & 386 Royal Palms Habitat For Humanities Rebecca Road 42-662 &42-740 251,171 251,171 California Villas 77-107 California Ave 567,605 2,386 569,991 Laguna Palms 73-805 Santa Rosa Way 2,869,370 629 2,869,999 Hovely Gardens 74-501 42nd Ave/1 7,634,701 7,634,701 Candlewood Shadow Mountain - - Villas on the Green 77-120 Calif. Drive Canterra Phase 1 - Pacific Assisted Living 73-685 Catalina Way 864 - 864 74-047 San Marino Cir 166,193 166,193 River Run One 44-555 San Raphael Ave - - - Subtotal 1 12,155,671 838,232 3,015 12,996,918 TOTAL UNITS Palm Village Apartments 73-610 - 688 Santa Rosa Wy/Substantial Rehab 12 units -addition of 24 units 1,050,680 177,001 1,227,681 Self Help Housing Merle Street 18 Acre SFD 2,151,313 2,151,313 26 Unit Rental Senior Housing Transitional Housing 10,000 Subtotal 3,201,993 177,001 3,378,994 Administrative Costs I 7,733,334 7,733,334 Professional Services ' 1,115,487 1,115,487 HIP Program 240,552 240,552 Subtotal 1 7,973,886 - 1,115,487 9,089,373 TOTAL 1 23,366,924 14,913,963 1,296,676 39,677,582 *Indicates Senior Project **This is a Note Receivable provided under a Development Agreement and payments are only due when there is Positive Net Cash Flow from the property with a balloon payment for all amounts due in 30 years. ROSENOW SPEVACEK GROUP, INC. PAGE 26 AFFORDABLE HOUSING STRATEGY & COMPLIANCE PALM DESERT REDEVELOPMENT AGENCY Housing Stipulation On May 15, 1991, the Riverside County Superior Court entered a final judgment incorporating a Stipulation for Entry of Judgment among the Agency, the Westem Center on Law and Poverty, Inc. and California Rural Legal Assistance in connection with litigation filed over the adoption of the Redevelopment Plan for Project Area No. 1. On June 18, 1997 (Amendment No. 1) and again on September 20, 2002, (Amendment No. 2) the Court entered amendments to its 1991 judgment, incorporating Stipulations Amending Stipulation for Entry of Judgment. Under the terms of the Stipulation, as amended, the Agency has generally agreed to use its 20 percent set aside funds, and other tax increment revenues, if necessary, to develop, rehabilitate, or otherwise financially assist a certain number of affordable housing units and to meet certain housing needs of the City. TABLE 13 HOUSING STIPULATION PRODUCTION NEEDS Income Housing Production Requirements Total Housing Requirements Level Stipulation Production Future Construction Need Stipulation and Future Required by 2006 Based on RHNA Construction Need Need Provided Deficiency Need Provided Deficiency Need Provided Deficiency Very Low 578 505 73 77 56 21 655 561 94 Low 505 453 52 67 71 -4 572 524 48 Moderate 122 194 -72 85 0 85 207 194 13 Total 1,205 1,152 53 229 127 102 1,434 1,279 155 Table 13 above details the Agency's progress to date in meeting the unit requirements of the Stipulation. Agency activities as outlined in this Strategy are designed to meet the dual requirements of the Redevelopment Law's inclusionary housing production standards and the units required under the Stipulation. ROSENOW SPEVACEK GROUP, INC. PAGE 27 Affordable Housing Strategy & Compliance Plan Palm Desert RedevelopmentAgency Housing Element Consistency Because this Housing Strategy focuses on providing housing for very low, low and moderate income households who are generally the most difficult segment of the community for whom to provide housing, it is clearly consistent with the Housing Element's goal to provide housing for all economic groups within the Project Area. Both this Strategy and the Housing Element state there is a definite need to assure an adequate supply of housing for the lower income segments of the community. A major focal point of the goals, policies, and objectives of the Housing Element is to provide housing for all economic segments of the Project Areas, especially lower income families. Because the major goal of this Strategy is also to provide housing for these lower income households, and the proposed plans and programs for improving the supply of affordable housing in the Project Area presented in this Strategy are similar to plans and policies of the Housing Element, there is clearly consistency between this Compliance Plan and the Housing Element. ROSENOW SPEVACEK GROUP, INC. PAGE 28