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HomeMy WebLinkAboutRes No. 566 - 5yr Implementation Plan - Affordable Housing Production PlanPALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: RESOLUTION NO. 566 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY APPROVING A FIVE- YEAR IMPLEMENTATION PLAN FOR THE AGENCY'S REDEVELOPMENT PROJECT AREAS; AND ADOPTING THE AFFORDABLE HOUSING PRODUCTION PLAN, AND MAKE FINDINGS APPROVING THE AGGREGATION OF NEW OR SUBSTANTIALLY REHABILITATED DWELLING UNITS AMONG THE PROJECT AREAS SUBMITTED BY: Janet Moore, Director of Housing Veronica Tapia, Redevelopment Accountant Catherine Walker, Senior Management Analyst DATE: November 12, 2009 CONTENTS: Resolution No. 566 Fourth Five -Year Implementation Plan Housing Compliance Plan Recommendation Waive further reading and adopt. Executive Summary In 1993, the State of California enacted Assembly Bill 1290 adding Section 33490 to the California Community Redevelopment Law (CRL) requiring that a Redevelopment Agency adopt an Implementation Plan every five years which includes the following: goals and objectives for the Project Areas, programs, potential projects, proposed expenditures, and the impact to the elimination of blight. The CRL also requires that this Implementation Plan address the Agency's affordable housing production and replacement housing needs and achievements. Background In December of 1994, December of 1999, and November 2004, the Agency adopted its first three Implementation Plans. All previous and current 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 CRL, the Agency has held a mid-term public hearing on the progress of each Five- Staff Report Resolution No.566 , Fourth Five -Year Implementation Plan November 12, 2009 Page 2 of 4 Year Implementation Plan and has subsequently prepared a Progress Report for each plan. This fourth Five -Year Implementation Plan ("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 Plan 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. The Housing Compliance Plan 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. REDEVELOPMENT ACTIVITIES The fourth Five -Year Implementation Plan (provided under separate cover) has been prepared as a composite plan for the Agency's four redevelopment project areas. 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: core commercial revitalization, preservation of open space, land acquisition, infrastructure improvements, and community programming. Opportunities are commonly encountered during the course of administering the redevelopment plans during the five-year period. In this case, the Implementation Plan may be amended to effectuate its purposes. AFFORDABLE HOUSING ACTIVITIES The Five -Year Implementation Plan -Housing Component (2009-10 through 2013-14) and Ten -Year Affordable Housing Compliance Plan ("Compliance Plan") (2004-05 through 2013-14) have been prepared to address the demand for very low, low and moderate income housing and better utilize both physical and financial resources available. This Compliance Plan is focused on meeting or exceeding the inclusionary housing unit production requirements of the CRL. Please refer to the attached Affordable Housing Compliance Plan Update for further information regarding the G.\rda\Cathy Walker\Word Data\Final 5-Yr Implementation Plan 11-12-09.doc Staff Report Resolution No. 566 , Fourth Five -Year Implementation Plan November 12, 2009 Page 3 of 4 Agency's compliance with all provisions established under CRL. 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 (but are not limited to): rehabilitation, reconstruction, new construction, single-family home rehabilitation, multi -family rehabilitation, and provide developer incentives for affordable housing creation. Programs identified in the City's Housing Element and programmed for implementation over the next five years include: the Mortgage Subsidy Program, the Rental Subsidy Program, and the Home Buyers Program. AGGREGATION OF HOUSING UNITS AMONG THE PROJECT AREAS. Consistent with the CRL, the Affordable Housing Compliance Plan provides that the Agency adopt a policy allowing it to meet its 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, as represented in the attached resolution. Therefore, staff recommends approval of the resolution making findings approving the aggregation of new or substantially rehabilitated dwelling units among the project areas; adopting a Five Year Implementation Plan for the Agency's Redevelopment Project Areas; adopting the Affordable Housing Compliance Plan. G:\rda\Cathy Walker\Word Data\Rnal 5-Yr Implementation Plan 11-12-09.doc Staff Report Resolution No. 566 , November 12, 2009 Page 4 of 4 Fiscal Analysis Fourth Five -Year Implementation Plan The attached report provides the fiscal analysis for the Agency over the next five years, however all projects must be approved by the Agency Board prior to implementation. VISubDitted by: Veronica Tapia, 44'('0 RDA Accountant Department Head: ne oore, Director of Housing Approves Joh"/ Wohlmuth, City Manager �1z� AA&� Catherine Walker, Sr. Management Analyst iy, ACM for evelopment 4W RDA ON )/-)0,-()r VERiFIED BY Kok_ l i%j}'� Original on file with City miler` SOffice � y G:\rda\Cathy Walker\Word Data\Final 5-Yr Implementation Plan 11-12-09.doc RESOLUTION NO. 566 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, California Health and Safety Code Section 33490(a)(1)(A) requires all redevelopment agencies to adopt an Implementation Plan every five years, following a duly noticed public hearing; and WHEREAS, California Health and Safety Code Section 33490(a)(1)(A) requires the Implementation Plan to 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 California Health and Safety Code Sections 33334.2, 33334.4, 33334.6, and 33413; and WHEREAS, pursuant to California Health and Safety Code Section 33490, 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, California Health and Safety Code 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 12, 2009, 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: P6402/0001 /1182170v1 1 for very low, low and moderate income families. As most housing is to be developed in Project Area No. 2, the effect of such development will be to more evenly distribute the concentration of persons of all races, ethnicities and income levels. C. Each Project Area is of a different size and shape, and 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 2,401 units can be constructed. Project Area No. 1 (Original and Added Territory) is second with a potential 342 units. Project Area No. 3 follows with 554 potential units and Project Area No. 4 has the potential for an additional 148 units. The remaining units to be constructed in Project Area No. 1 (Original and Added Territory), Project Area No. 3 and Project Area No. 4 will continue to mimic the racial, ethnic and income characteristics of the City and Project Areas. Project Area No. 2, which has a vast amount of potential units, will experience 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. WHEREAS, the Agency seeks more flexibility to assist affordable housing units in various areas in 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, 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, 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 day of 2009, by the following vote: Ayes: Noes: P6402/0001/1182170v1 3 Absent: Abstain: Chairperson of the Palm Desert Redevelopment Agency ATTEST: Secretary of the Agency P6402/0001/1182170v1 EXHIBIT B City of Palm Desert Percentage of Population by Racial Category 2009 Total Population White Alone Black Alone American Indian Alone Asian Alone Pacific Islander Alone Some Other Race Alone Two or More Races Total Population Hispanic Oriqin (Any Race) PA No. 1 PA No. 2 PA No. 3 PA No. 4 23,607 2,877 2,820 10,212 80.06% 90.41 % 87.77% 83.07% 1.21 % 1.36% 1.70% 1.58% 0.56% 0.17% 0.43% 0.41 % 3.47% 2.82% 2.80% 2.85% 0.17% 0.07% 0.00% 0.07% 11.14% 3.23% 4.15% 8.12% 3.38% 1.98% 3.16% 3.92% 28.84% 8.62% 17.13% 19.37% Source: ESRI Business Analyst Online City of Palm Desert Median Household Income 2000-2009 PA No. 1 PA No. 2 PA No. 3 2000 $44,080 $63,944 $50,439 2009 $54,319 $73,805 $61,023 Source: ESRI Business Analyst Online TABLE 1 City-wide 47,047 83.11 % 1.37% 0.45% 3.28% 0.11% 8.41 % 3.26% 100.00% 21.96% TABLE 2 PA No. 4 City-wide $46,221 $48,144 $58,363 $60,345 City of Palm Desert Percent of Households Below City-wide Median Income 2000 & 2009 2000 2009 Households % of Households Households Total Below City-wide Below City-wide Total Below City-wide Households Median Income Median Income Households Median Income PA No. 1 9,652 5,338 55.3% 10,454 5,638 PA No. 2 840 311 37.0% 1,394 522 PA No. 3 839 413 49.2% 1,252 613 PA No. 4 4,197 2,199 52.4% 4,829 2,482 City-wide 19,184 10,001 52.1% 21,775 10,803 Notes: The City of Palm Desert's median income in 2000 and 2009 is $48,144 and $60,345, respectively. Due to the use of income brackets, percentages are approximations Source: ESRI Business Analyst Online TABLE 3 % of Households Below City-wide Median Income 53.9% 37.4% 49.0% 51.4% 49.6% P6402/0001 /1182170vl 5 NOTICE OF PUBLIC HEARING Notice of Public Hearing Regarding the Fourth Five -Year Implementation Plan for the Palm Desert Redevelopment Agency The Palm Desert Redevelopment Agency (the "Agency") is in the process of formulating and adopting its fourth five-year redevelopment implementation plan for the Agency's four redevelopment project areas covering fiscal years 2009-10 through 2013-14. The Agency's redevelopment project areas include Project Area No. 1, Project Area No. 2, Project Area No. 3, and Project Area No. 4 (the "Project Areas"). As required by Section 33490 of the California Community Redevelopment Law, Health and Safety Code Sections 33000 et seq. (the "Law"), the Implementation Plan will contain the Agency's goals and objectives for the Project Areas, the proposed projects and expenditures for the next five -years, and an explanation of how these goals, objectives, projects, and expenditures will eliminate blight within the Project Areas and Implement the requirements of the Law. The Implementation Plan will also contain a Housing Component that will include a five year plan for housing activities as well as the Agency's Ten Year Affordable Housing Compliance Plan pursuant to Section 33413(b)(4) of the Law. This public hearing will also address the Agency's consideration to aggregate new or substantially rehabilitated dwelling units among all of the Project Areas as permitted by Section 33413(b)(2)(A)(V) of the Law. The Law provides that redevelopment agencies, after consideration at a public hearing, may aggregate such units in one or more project areas, if they find, based upon substantial evidence, that the aggregation will not cause or exacerbate racial, ethnic, or economic segregation. NOTICE IS HEREBY GIVEN THAT A PUBLIC HEARING WILL BE HELD IN CONNECTION WITH THE PROPOSED IMPLEMENTATION PLAN: WHAT: Palm Desert Redevelopment Agency's Public Hearing on its Fourth Five -Year Implementation Plan (Fiscal Years 2009-10 through 2013-14) WHERE: City of Palm Desert City Council Chambers 73-510 Fred Waring Drive Palm Desert, CA 92260 (760)346-0611 WHEN: Thursday, November 12, 2009 4:00 PM Residents or other interested parties may attend this public hearing to offer comments on the proposed Fourth Five -Year Implementation Plan. The proposed Draft Implementation Plan will be available for public review after October 9, 2009 at the City Clerk's office, City of Palm Desert, 73-510 Fred Waring Drive, Palm Desert, California, 92260. A map of the four redevelopment project areas accompanies this notice. If you wish to obtain further information about the proposed Implementation Plan, please contact Ms. Catherine Walker, Palm Desert Redevelopment Agency at (760)346-0611 ext. 415. 5 :rttLi Area Ito 1..,w we uv 1975'•.; lr 1. f / Project Area ti¢t. 1 .* + Added TerPttoty j 1952 c Iail X i I i Ij+t Pr oject Area Wi 2 1987; iI � ci .arrar». 1x _ Projs, t Area tits. •i hY,c. _ ,lyrn. 1 abu - se Y_ City of Palm Desert L ._s cry Limits Project Area No. 1 - Original (1975) 0 Project Area No. 1 - Added Territory (1982) p 1 2 Project Area No. 2 (1987) � Redevelopment Agency = Project Area No. 3(1991) Miles Project Areas 0 Project Area No. 4 (1993) November, 2005 Dated this 7th day of October, 2009. PUB: October 9, 16, & 23, 2009 RA HELLE D. KL SEN, C Y CLERK CITY OF PALM DESERT, CALIFORNIA FIVE-YEAR IMPLEMENTATION PLAN PALM DESERT REDEVELOPMENT AGENCY 2009-10 THROUGH 2013-14 Palm Desert Redevelopment Agency 73-510 Fred Waring Drive Palm Desert, CA 92260 (760) 346 -0611 Adopted November 12, 2009 Resolution No. 566 i Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 CITY OF PALM DESERT REDEVELOPMENT AGENCY BOARD Robert A. Spiegel, Chairperson Cindy Finerty, Vice Chairperson Jean M. Benson, Agency Member James Ferguson, Agency Member Richard Kelly, Agency Member REDEVELOPMENT AGENCY STAFF John M. Wohlmuth, Executive Director William Strausz of Richards Watson & Gershon, Agency Attorney Justin McCarthy, Assistant City Manager/Redevelopment Paul S. Gibson, Finance Director/Treasurer Janet M. Moore, Director of Housing Rachelle D. Klassen, City Clerk Martin Alvarez, Redevelopment Manager Veronica Tapia, Redevelopment Accountant Catherine Walker, Senior Management Analyst ii Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 TABLE OF CONTENTS INTRODUCTION ........................................................................................................................ 1 BACKGROUND ......................................................................................................................... 3 2010-2014 IMPLEMENTATION GOALS & OBJECTIVES ........................................................ 7 PROJECT AREA NO. 1 .................................................................................................. 8 PROJECT AREA NO. 1 MAP ......................................................................................... 8 PROJECT AREA NO. 1 ACCOMPLISHMENTS ........................................................... 10 PROJECT AREA NO. 1 PROPOSED REDEVELOPMENT PROGRAM ...................... 14 PROJECT AREA NO. 1 BUDGET ................................................................................ 19 PROJECT AREA NO. 2 ........................................................................................................... 21 PROJECT AREA NO. 2 MAP ....................................................................................... 21 PROJECT AREA NO. 2 ACCOMPLISHMENTS ........................................................... 23 PROJECT AREA NO. 2 PROPOSED REDEVELOPMENT PROGRAM ...................... 26 PROJECT AREA NO. 2 BUDGET ................................................................................ 31 PROJECT AREA NO. 3 ........................................................................................................... 34 PROJECT AREA NO. 3 MAP ....................................................................................... 34 PROJECT AREA NO. 3 ACCOMPLISHMENTS ........................................................... 36 PROJECT AREA NO. 3 PROPOSED REDEVELOPMENT PROGRAM ...................... 38 PROJECT AREA NO. 3 BUDGET ................................................................................ 41 PROJECT AREA NO. 4 ........................................................................................................... 43 PROJECT AREA NO. 4 MAP ....................................................................................... 43 PROJECT AREA NO. 4 ACCOMPLISHMENTS ........................................................... 45 PROJECT AREA NO. 4 PROPOSED REDEVELOPMENT PROGRAM ...................... 48 PROJECT AREA NO. 4 BUDGET ................................................................................ 51 ELIMINATION OF BLIGHT ...................................................................................................... 53 IMPLEMENTATION PLAN HOUSING REQUIREMENTS ....................................................... 54 ADMINISTRATION OF THE IMPLEMENTATION PLAN ......................................................... 55 1 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 INTRODUCTION Redevelopment is an economic tool allowed under California State Law (specifically California Health & Safety Code Section 33000 et seq. also known as Community Redevelopment Law (the “Law” or “CRL”)) which assists local governments in eliminating blight from a designated area, commonly referred to as a project area. Blight consists of both physical and economic conditions that contribute to a project area’s deterioration. Redevelopment encourages new development, reconstruction and rehabilitation, creates jobs and generates tax revenues by helping develop partnerships between local governments and private entities. Redevelopment can help a community implement a revitalization effort for particular areas such as downtowns, neighborhoods or industrial areas. Furthermore, the CRL requires that no less than twenty percent (20%) of tax increment revenue derived from a redevelopment project area be used to increase, improve, and preserve the supply of housing for very low, lo w and moderate-income households. Because redevelopment plans are created and adopted on a local level, they respond to a community’s unique needs and vision. Over 400 cities and counties in California have adopted redevelopment plans with the goal of revitalizing their communities. One of the major revenue sources that funds the Agency redevelopment and housing activities is tax increment revenue. Tax increment revenue is property tax revenue generated from the growth in a project area’s total property value above the base year property value (determined when the project area is adopted ) which is allocated to a redevelopment agency to fund redevelopment efforts. When development (or redevelopment) occurs on a property and/or a property is sold, it results in an increase in the property’s assessed value and in turn an increase in property tax that is captured by a redevelopment agency as tax increment. Tax increment is also generated from properties that are not sold or where no new development occurs when their assessed value is increased by the annual application of the Proposition 13 annual inflationary increase (which is limited to two percent per year). Redevelopment agencies are entitled to collect tax increment revenue to repay any debt involved in a specific project or to reinvest the dollars in redevelopment activities within the project area. Of the total tax increment revenue received by an agency, 20 percent of tax increment revenue must be allocated to a housing fund specifically to finance increasing or improving housing affordable to low to moderate income persons or households. CRL Code Section 33490 requires that redevelopment agencies adopt a five -year Implementation Plan (“Implementation Plan or Plan”) demonstrating how the goals and objectives, proposed programs and projects, and planned expenditures for their project areas will lead to the elimination of blight and implement low and moderate -income housing requirements. This Plan is intended to provide an overview of the Agency’s goals and activities to address the alleviation of blight over the next five years. The Plan is not meant to detail a specific course of action or to restrict Agency activities to those projects identified within the plan since market conditions, resources, and priorities change from time to time; rather, this Plan sets forth Agency “policy” for each project area. This Plan is a “planning document” and does not 2 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 constitute approval of any specific project, program or expenditure; as such, the Agency may amend this Plan as needed. This Plan must be updated at least once within the five-year period with the purpose of evaluating the progress of the projects, programs, goals and objectives towards the elimination of blight. When adopting five-year plans, agencies must conduct a public hearing and hear testimony of interested parties. The purpose of the hearing is to review the redevelopment plan and the corresponding Plan for each redevelopment project area within the jurisdiction and evaluate the progress of the redevelopment projects and programs. 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 Board. 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. 3 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 BACKGROUND 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 D ecember of 1999 (FY 1999-2004). The third Five-Year Implementation Plan was adopted in November of 2004 (FY 2004-2009). All Five-Year Implementation Plans cover the four (4) adopted redevelopment project areas that encompass an estimated 11,771 acres in the City’s incorporated territory. Additionally, pursuant to the requirements of the California Redevelopment Law (“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. This document is the fourth Five-Year Implmentation Plan for the Palm Desert Redevelopment Agency (“Agency”) of the City of Palm Desert (“City”) for fiscal years 2009-10 thorugh 2013-14. This is the Agency’s fourth implementation plan prepared since the enactment of Assembly Bill 1290 which amended the 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 Decemeber 30,1994 with subsequent implementation plans adopted every 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 revitalizations efforts has been channeled through the adoption and implementation of its Redvelopment Plans. The Agency is governed by a five-member board which consists of all the members of the City Council. The Mayor who is appointed by the City Council acts as the Chairperson for the Agency. 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 Area. The Agency has also made a substantial effort to improve and increase the City’s supply of affordable housing. The four 4 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 (4) adopted redevelopment project areas encompass an estimated 11,771 acres of the City’s incorporated territory. Locations of the Agency’s Project Areas are illustrated in Figure 1. The Redevelopment Plans have been amended from time to time to ensure compliance with the Law. The most recent amendments eliminated the time limit to incur debt and extended the life of the Project Areas and their term to collect tax increment by an additional year. Table 1 presents the time and financial limits of each Project Area’s Redevelopment Plan. Section 33490 of the 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 Proejct Areas and will improve, increase, and preserve 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 Comliance Plan, which is found at the end of this Implementation Plan as Appendix 1. The Implementation Plan document conforms to the City of Palm Desert’s General Plan and has been prepared according to guidelines established in the programs and goals outlined in the current Housing Element of the General Plan. 5 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Figure 1 6 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 The Redevelopment Plans for each of the Project Areas sets forth time and financial limitations. Table 1 identifies the time and financial limits in each Project Area. It should be noted that the Agency does not have eminent domain authority. Redevelopment Plan Limitations Table 1 Plan Limits Project Area No. 1 Original Area Project Area No. 1 - Added Territory Project Area No. 2 Project Area No. 3 Date of Adoption July 16, 1975 November 25, 1981 July 15, 1987 July 17, 1991 Effectiveness of Plan1 & 2 July 16, 2016 November 25, 2022 July 15, 2028 July 17, 2032 $800,000,0004 $1,534,916,881 (2009 adjusted for CPI) $150,000,0009 $287,796,915 (2009 adjusted for CPI) Time Limit to Incur Debt11 Eliminated Eliminated Eliminated Eliminated Time Limit on Receiving Tax Increment and Paying Indebtedness1 & 2 July 16, 2026 November 25, 2032 July 15, 2038 July 17,2042 July 19, 2044 Tax Increment Dollar Limit $758,000,000 $500,000,0003 $600,000,000-Gross $200,000,000-Net6 Eliminated Bonded Debt Limit None7 Project Areas Project Area No. 4 July 19, 1993 July 19, 2034 1 Pursuant to Assembly Bill 1290 all pre 1994 redevelopment projects were required to adopt specific time limitation.On December 8,1994 the City Council adopted Ordinances 765, 766, 767, and 768 establishing such limits for the Project Areas No. 1, 2, 3 & 4, respectively. 2 Pursuant to Senate Bill 1045 (Statutes of 2003,Chapter 260),which was enacted into law in 2003,the City Council adopted Ordinances 1082,1083, 1084,and 1085 on December 9,2004 to extend the Redevelopment Plan effectiveness and the time period to collect tax increment of each Project Area No. 1, 2, 3 & 4, respectively, by one year. 9 The Redevelopment Plan for the Project Area No.2 sets a cap on total bonded indebtedness that may be outstanding at any one time of $150 million. The Plan also provides for the annual adjustment of the bonded indebtedness cap,expressed in 1987 dollars,in accordance with the changes in the region’s CPI. Expressed in current dollars, the cap is set at $289,959,266. 5 Project Area No.3 has a net tax increment of limitation of $360 million.Net tax increment is gross tax increment less amounts that are passed through to taxing agencies and amounts set-aside into the Agency's Low and Moderate Income Housing Fund. 6 The total gross amount of tax increment revenue that may be allocated to the Agency from Project Area No.4 cannot not exceed $600 million. Additionally,the number of tax dollars,which may be divided and allocated to the Agency,also may not exceed the amount of $200 million,net of the funds required to be set-aside into the Agency Low and Moderate Income Housing Fund and payments to the Project Area’s taxing agencies pursuant to cooperative agreements.Both the $600 million gross cap and the $200 million net cap may not be changed except by amendment of the redevelopment plan for the Project Area. 10 The Redevelopment Plan for the Project Area No.4 places a cap on total bonded indebtedness,which may be outstanding at any one time at $135 million.Such net limitation is exclusive of (1)the amount of any bonded indebtedness issued on behalf of or the proceeds of which are used for the benefit of the taxing agencies to alleviate financial burden,or detriment made by the Agency pursuant to Section 512 of the Redevelopment Plan;and (2) the amount of any bonded indebtedness payable from any monies deposited in the Agency’s Low and Moderate Income Housing Fund. 11 City Council adopted Ordinance No.1035,1036,1062,and 1063 amending the Redevelopment Plans for Project Areas No.1,2 ,3 &4,respectively,to eliminate the time limit to incur debt, pursuant to Senate Bill 211(Statues of 2001 Chapter 741), which was enacted into law in 2001. 3 Per the Sixth Amendment to the Redevelopment Plan for the Added Territory of Project Area No.1,which set a limit of $200 million to the Added Territory's bonded indebtedness and $500 million to the Added Territory's total tax increment,the Added Territory's tax increment 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. 8 Per the Sixth Amendment to the Redevelopment Plan for Project Area No.1 for the Added Territory adopted on January 24,1991,the Bonded Debt Cap is exclusive of bonds issued to finance the acquisition of land, construction of buildings, facilities, structures or improvements for taxing agencies. 4 The total tax increment limit for Project Area No.2 is $800 million,adjusted annually based upon the Consumer Price Index (“CPI”).This limit is expressed in 1987 dollars and is adjusted in accordance with the changes in the region’s CPI . Expressed in current dollars, the limit is $1,546,449,418. 7 At the time of the Adoption of the Original Area of Project No.1 there was no requirement for the Redevelopment Plan to have a Bond Debt Limit.This requirement for older redevelopment plans has not been changed. $200,000,0008 $360,000,0005 $100,000,000 $135,000,00010 7 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 2010-2014 IMPLEMENTATION GOALS & OBJECTIVES Community Reinvestment and Revitalization The following goals and objectives generally correspond to those included in the Redevelopment Plans for all Project Areas. 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 and Coordinate Stakeholder Particip ation and Investment. To encourage the cooperation and participation of residents, businesspersons, public agencies, and community organizations in the revitalization of the Project Area. To encourage private sector investment in the development and redevelopment of the Project Area. To coordinate revitalization efforts in the Project Area with other public programs offered by the City and other public agencies. 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 Responsible Development For Our Community. To encourage the development of commercial and residential environments which positively relate to adjacent land uses, and upgrade and stabilize existing uses. To expand the resource of developable land by making underutilized land available for redevelopment. 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, Infrastructure, and Traffic Circulation. To provide needed improvements to the community's education, cultural and other community facilities to better serve the Project Area. To provide needed improvements to the utility infrastructure and public facilities that service the Project Area. To improve traffic circulation through the reconstruction and improvement of existing streets in the Project Area. To provide for necessary public parking to address parking deficiencies. Initiate Green Projects and Programs. To move energy conservation / efficiency objectives beyond discourse and demonstration projects to achieve significant quantifiable energy reduction. To invest municipal resources in measurable sustainable programs. Provide and Improve Affordable Housing Opportunities. To improve housing and assist low and moderate-income persons and families to obtain homeownership. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. 8 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 1 Figure 2 – PROJECT AREA NO. 1 MAP 9 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Project Area No. 1 (the “Original Area”) was established by the City Council with approval of the adopting Ordinance on June 12, 1975. The Agency’s Report to the City Council requesting the proposed Redevelopment Plan for the Original Area indicated that the area had been selected because of the existence of lots which were subject to being submerged by water; lots of inadequate size for proper usefulness and development; inadequate streets; a problem of traffic congestion; faulty interior arrangement of lots and buildings and exterior spacing; inadequate parking facilities; and mixed character of development and shifting of land uses. The Original Area encompasses approximately 420 parcels (580 acres) of retail and office/commercial development along the City’s primary commercial core along El Paseo and 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 existed 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), are illustrated on the preceding page in Figure 2. Since its inception, Project Area No. 1 (as amended) has experienced a diversity of development. The heart of the City’s retail commercial development is located within its boundaries. Additionally, residential development within the Project Area has been significant . Specific projects include: One Quail Place, an affordable housing apartment project with 384- units; Palm Lake Village, a 220-unit apartment project; Hacienda De Monterey, a 180-unit congregate care facility; 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. The primary objectives of the Redevelopment Plan for Project Area No. 1 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 , open space, and other public improvements. 10 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 1 ACCOMPLISHMENTS The Public Value & Benefit of Redevelopment In the last five years, the Agency has completed many successful projects and programs in Project Area No. 1. Below are descriptions of just a few of these project s. A detailed listing of all the projects and programs completed between FY2004-05 through FY2008-09 in Project Area No. 1 is outlined in Table 2 on the following page. Henderson Community Building On one of the five parcels which resulted from the redevelopment of the Entrada del Paseo Site, the Agency assisted in funding the design and development of the Henderson Community Building. The Community Building houses the Chamber of Commerce and has additional space for various community-based activities. Catalina Community Room The Agency assisted in funding improvements to the Catalina Community Room, which provides varied assistance and organizes events for residents of Agency-owned affordable housing properties. El Paseo Revitalization The revitalization of the El Paseo business corridor is a phased project, with the conceptual design complete. Palm Desert Visitor's Information Center On one of the five parcels which resulted from the Entrada del Paseo Site, the Agency assisted in funding the design and development of the Palm Desert Visitor's Information Center. The Visitor's Center is a 8,200 sqf facility that acts as the City's primary public information center. The center is utilized for resident services, community programming, and visitor information for Palm Desert. Portola Bridge The purpose of this project was to provide for City flood control, improved traffic conditions, and improved access to the I-10 freeway. The project included the construction of a four lane bridge over the Whitewater Storm Channel, installation of landscaping to the adjacent areas, and construction a sound attenuation wall on the northern side of Portola to mitigate noise for adjacent residential communities. 11 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Table 2 provides a detailed listing of the Agency’s accomplishments in Project Area No. 1 between FY 2004-05 and FY 2008-09. Table 2 Project Name Project Description/Highlights Completion Date Total Expenditure Utility Undergrounding - Silver Spur The Palm Desert Silver Spur Undergrounding replaced all overhead wires with an underground electrical system which accommodates various utilities.The Agency contributed a portion of the project funding for the new public infrastructure. January 2005 $3,367,602 Palm Desert Highlands UG Assessment District Facilitated conduit financing for residential component of utility undergrounding.January 2005 $0 Wallaroo Child Care Center The Agency acquired,renovated,and leased the building, previously utilized for child care and education,to the Desert Sands Unified School District for the purpose of an early childhood education center. November 2005 $949,194 Palm Desert Visitor's Information Center On one of the five parcels which resulted from the Entrada del Paseo Site,the Agency assisted in funding the design and development of the Palm Desert Visitor's Information Center.The Visitor's Center is a 8,200 sq.ft facility that acts as the City's primary public information center.The center is utilized for resident services,community programming, and visitor information for Palm Desert. January 2006 $4,324,896 Utility Undergrounding - Highlands The Palm Desert Highlands Undergrounding replaced all overhead wires with an underground electrical system which accommodates various utilities. The Agency contributed 50% of the project funding for the new public infrastructure. June 2007 $3,534,958 Catalina Community Room The Agency assisted in funding improvements to the Catalina Community Room,which provides varied assistance and organizes events for residents of Agency- owned affordable housing properties. August 2007 $1,424,217 Living Desert The Agency purchased easements to provide for public parking,improving access to environmental and cultural programming at the Living Desert Zoo and Gardens.The public parking also provides access to recreational hiking and biking trails. January 2008 $1,250,000 2004-05 through 2008-09 Agency Accomplishments in Project Area No.1 12 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Table 2 (Cont.) Project Name Project Description/Highlights Completion Date Total Expenditure Portola Bridge The purpose of this project was to provide for City flood control,improved traffic conditions,and improved access to the I-10 freeway.The project included the construction of a four lane bridge over the Whitewater Storm Channel, installation of landscaping to the adjacent areas,and construction a sound attenuation wall on the northern side of Portola to mitigate noise for adjacent residential communities. May 2008 $6,600,000 Palm to Pines East A portion of the City of Palm Desert's central business district along HWY 111,from Palms to Pine,was revitalized.The project included major improvements to the public infrastructure affecting traffic circulation and parking deficiencies. January 2009 $2,157,820 Entrada del Paseo Site Configuration The project site is strategically located along the City's main arterial,HWY 111,and lies adjacent to the City's central business district,bounded by El Paseo and Fred Waring.The ill-configured site was successfully redeveloped by dividing the parcel into five development pads,all of which were master planned to compliment and enhance the existing businesses along the Hwy 111 business corridor.The pads provided for a public information center,public open space,business development, and a community building. January 2009 $4,999,075 Eric Johnson Gardens On one of the five parcels which resulted from the redevelopment of the Entrada del Paseo Site,the Agency assisted in funding the design and development of the Eric Johnson Gardens.The gardens provide for public open space,community recreational areas,and preservation of indigenous desert plant life. January 2009 $3,679,436 Aquatic Center Feasibility & Design This is a proposed development,which is under review by both the City Council and Agency Board.The proposed public pool/recreational facility is a phased project.The Agency assisted in funding the initial feasibility study and concept design which were completed for the purpose of facilitating a comprehensive project review. In Progress $63,413 Agency Accomplishments in Project Area No.1 2004-05 through 2008-09 13 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Table 2 (Cont.) Project Name Project Description/Highlights Completion Date Total Expenditure Henderson Community Building On one of the five parcels which resulted from the redevelopment of the Entrada del Paseo Site,the Agency assisted in funding the design and development of the Henderson Community Building.The Community Building houses the Chamber of Commerce and has additional space for various community-based activities. In Progress $5,668,813 Indian Springs The Agency is participating in this project by funding the installation of infrastructure to facilitate the implementation of a sewer system in a low income residential development. In Progress $629,476 Alessandro Alleyway - Acquisitions The Alessandro Alleyway project has been scheduled to be accomplished in phases,with Phase I Acquisitions complete.The purpose of the project is to improve traffic circulation,provide accessible public parking,and reconfigure adjacent arterial access. In Progress $1,934,863 El Paseo Revitalization The revitalization of the El Paseo business corridor is a phased project, with the conceptual design complete.In Progress $258,336 El Paseo Courtesy Carts The Agency initiated an economic development program which provides free transit to the public within a shopping corridor.The program also provides information regarding public access to both commercial and retail centers throughout the City of Palm Desert as well as Agency project activity throughout the corridor. On-Going $897,485 Acquisitions The Agency acquired parcels of land to promote the following activities:promote compatible development, improve surrounding community,revitalize dilapidated property,rehabilitate the City's central business districts/commercial corridor/retail corridor,improve resident access to services,and mitigate blighted conditions throughout the City. Portola/Haystack April 2005 $1,259,103 Desert Springs Market Place - Balance Paid in PA2 June 2007 $4,876,412 Larkspur Property April 2007 $4,527,000 Pueblos East January 2008 $737,553 Mc Cormick December 2008 $614,743 Adobe Villas $1,511,208 San Pascual $561,819 Portola Properties $849,014 Total Expenditure 2004-05 through 2008-09:$56,676,436 Agency Accomplishments in Project Area No.1 2004-05 through 2008-09 14 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 1 PROPOSED REDEVELOPMENT PROGRAM Five Year Work Program for Reinvestment & Revitalization Over the next five years, the Agency plans to implement the following redevelopment projects and programs. Table 3 describes the projects and programs proposed, what blighting conditions would be eliminated, approximate costs, timing and the Redevelopment Plan goal or goals that would be achieved1. 1 Costs are subject to change, and completion of these projects may require future action by the Agency. 15 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 1 Table 3 2009-10 through 2013-14 Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Portola Avenue Wall & Sidewalk Improvements This project will improve the block wall on the east side of the Portola Avenue Arterial,from Fred Waring Dr.to Rutledge Way.Sidewalks, landscaping,and potentially underground utilities will also be installed. Public improvements & Inadequate utilities September 2009 $974,135 Bonds Entrada Henderson Community Building - 12 Acres Site The project site is strategically located along the City's main arterial,HWY 111,and lies adjacent to the City's central business district,bounded by El Paseo and Fred Waring.The ill-configured site was successfully divided into five development pads,all of which were master planned to reflect the existing businesses along the Hwy 111 business corridor. The pads provided for a public information center, public open space,business development,and a community building.The community building houses the Chamber of Commerce and space for various community-based activities. Impaired development due to irregular shaped lot & Public improvements December 2009 $904,343 Bonds Fire Station Renovation #33 This project will improve a public facility. Improvements will include concrete replacement, bathroom remodels,roof renovation,installation of ceiling fans,exterior façade improvements, installation of a patio,remodel of the barracks,and floor/apparatus refinishing. Building which is unsafe and unhealthy for persons to work & Public improvements December 2009 $900,000 Bonds 16 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 1 Table 3 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Monterey Ave Widening-Fred Waring-Ford This project entails widening a major north/south arterial street to facilitate the ease of movement throughout the City,improve traffic flow,and access to business and future residential developments. Also,due to the growth in the northern section of the City,Monterey Ave will benefit from the medians and turn pockets being constructed as a means of increasing safety and controlling left turns. Sidewalks will be built to provide a safe pedestrian environment.Minor storm drain improvements will also be added to provide for City flood control. These improvements will encourage commercial and residential growth. Public Improvements & Depreciated or stagnant property values October 2010 $1,000,000 Bonds Fred Waring Drive Turn- Pockets Agency funds will be used to improve traffic circulation on this major arterial,from San Pasqual Ave.to Monterey Ave.and from Monterey Ave.to Magnesia Falls Dr. Public improvements & Inadequate utilities December 2010 $572,710 Bonds El Paseo Revitalization This project will assist in the revitalization of the City of Palm Desert’s central business district and commercial corridor.Located off of Hwy 111,El Paseo is a densely populated commercial district, which provides pedestrian access to both retail and business services for both Palm Desert residents and visitors.The landscape and lighting revitalization will encourage energy efficient lighting and water efficient landscape while maintaining continuity on the street as a whole.The revitalization will present a pedestrian friendly corridor,and aesthetically enhance the public right of way.The conceptual design is currently in process. Public improvements & Depreciated or stagnant property values December 2011 $500,000 Bonds Public Safety Academy The Agency will contribute to $2M to College of the Desert for the construction of a 19,000 square foot public safety academy. Public improvements June 2012 $500,000 Bonds 17 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 1 Table 3 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Community Center This project will enhance and provide additional recreation facilities for the community. Public improvements & Crime April 2014 $20,000,000 Unfunded Alessandro Alleyway- Frontage Road The Alessandro Alleyway project has been scheduled to be accomplished in phases,with Phase I Acquisitions complete.The purpose of the project is to improve traffic circulation,provide accessible public parking,and reconfigure adjacent arterial access. Public improvements & Conditions preventing the viable use of a building or lot June 2014 $5,562,655 Bonds Child Care/Early Education Program Provide assistance with capital improvements at child care facility. Public improvements June 2014 $500,000 Unfunded Core Commercial Rehabilitation This program will focus on funding projects that improve access to core commercial areas,including public infrastructure and parking improvements as well as other improvements at and around Westfield shopping center, Highway 111 and El Paseo. Public improvements & Depreciated or stagnant property values June 2014 $5,000,000 Bonds Desert Willow Clubhouse This project will fund renovations to a public recreation facility available for resident use. Public improvements & Crime June 2014 $12,000,000 Unfunded Desert Willow Hotel This project will provide for infrastructure,parking, conference center,and public improvements contiguous to a hotel site to encourage economic development. Public improvements & Depreciated or stagnant property values June 2014 $10,000,000 Unfunded 18 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 1 Table 3 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Down Payment Assistance (Indian Springs) Agency funds will be used to assist in the installation of infrastructure to facilitate the implementation of a sewer system in a low income residential development.Funds will also provide down payment assistance to qualified residents who prefer to purchase their units. Public improvements & Inadequate utilities & Depreciated or stagnant property values June 2014 $698,340 Cash Land/Property Acquisition The Agency will acquire property for the purpose of encouraging economic development,affordable housing, and open space. Depreciated or stagnant property values June 2014 $15,000,000 Cash / Bonds / Unfunded McCallum Theatre This project will provide for improvements to a community theatre in order to provide access to cultural amenities for residents and children's programs. Public improvements June 2014 $10,000,000 Bonds / Unfunded El Paseo Courtesy Carts This is an economic development program providing free transit to the public within a shopping corridor.The program also provides information regarding public access to both commercial and retail centers throughout the City of Palm Desert as well as information of Agency project activity throughout the corridor. Public improvements & High vacancy and low lease rates Ongoing Program $1,200,000 Cash 19 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 1 Five Year Work Plan Budget Table 4 presents the Agency’s five-year projected cash flow for non-housing redevelopment activities in Project Area No. 1 during the Planning Period. Tax increment revenue figures provided are the gross amounts of tax increment expected to be received by the Agency, prior to deducting housing set-aside and pass through amounts. Tax increment revenue projections were based upon conservative growth rates, reflective of the current market conditions. The cash flow also includes other projected revenues, including interest earnings and reimbursements. Available bond funds and expenditures have also been included in the cash flow analysis. Expenses include bond debt service payments, housing set-aside deposits, taxing agency pass through payments, administrative fees, bond fund banking obligations, and projected project/program costs. Due to the State’s effort to take redevelopment funds to balance the State Budget, the Agency may be required to make Educational Revenue Augmentation Fund (“ERAF”) payments during the planning period. In 2008-2009 the State of California approved the budget contingent upon a $350 million shift of Tax Increment monies from Redevelopment Agencies to be applied to ERAF. This amounted to a $5,250,496 payment from the Agency to fund the ERAF shift. The California Redevelopment Association filed a lawsuit on behalf of all redevelopment agencies asserting that the take from redevelopment was unconstitutional based on the Law. On April 30, 2009 a superior court judgment in favor of redevelopment agencies was rendered, affirming that the take was unconstitutional and therefore illegal. The State appealed the decision but subsequently dropped its appeal. The State of California approved the FY2009-2010 budget relying on a $2.05 billion ERAF shift from redevelopment agencies over the next two years. The additional shift to ERAF (referred to as the Supplemental Educational Revenue Augmentation Fund or “SERAF”) is estimated to result in a payment of $25,502,408 in 2009-2010, and $5,250,496 in 2010-2011 from the Agency. Within the budget, there is a provision by which the Agency has the option to suspend the 2009-2010 20% housing set-aside contribution in order to assist the SERAF shift in that year; however the loan will need to be repaid by June 30, 2015. The loan could potentially delay many of the housing programs and projects anticipated over the next five year period. While the California Redevelopment Association believes this shift of tax increment from redevelopment falls under the same circumstances as the previous attempt, the Agency potentially could lose up to $30 million to SERAF shifts over the next two years. These shifts of dollars from redevelopment will severely impact the Agency’s ability to complete many of the projects both committed and anticipated over the next five year period. The California Redevelopment Association has filed another lawsuit in an effort to thwart this and future takes from redevelopment. 20 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 The cash flow analysis indicates that the Agency will have a negative cash flow during the planning period due to unfunded projects. Projects listed as unfunded will either need to be implemented with alternative funding sources or as a replacement of canceled projects. During the five-year period covered by this Plan, it is possible that the Agency will undertake some but not all of the listed projects. All costs and time frames listed for the programs and projects are estimates only and may differ from the actual costs and time frames. In the event that a program or a project is included in the list for one Project Area but is not included in the list of another Project Area (or other Project Areas), but the Agency later determines that the program or project would also benefit the latter, the Agency may use funds available from the latter Project Area (or Project Areas) to finance all or a portion of such program or project. Specific projects may also be modified or added depending on actual circumstances, including but not limited to changing needs of the Project Areas, actual costs of the projects and the availability of funding. PROJECT AREA NO. 1 (ORIGINAL AND ANNEX) CASH FLOW ANALYSIS FISCAL YEAR 2010-2014 Table 4 850 2010 2011 2012 2013 2014 BOND FUNDS 5-YEAR TOTAL Beginning Balances (July 1st)32,263,351 32,626,801 23,980,344 17,769,275 (236,823) 20,875,863 Tax Increment 49,669,931 48,676,532 48,676,532 49,650,063 50,643,064 247,316,122 Other Income 1,531,046 1,119,536 712,078 523,125 520,457 4,406,242 Subtotal - Income 51,200,977 49,796,068 49,388,610 50,173,188 51,163,521 20,875,863 251,722,364 Debt Service 13,533,850 13,542,059 13,539,770 13,548,039 13,554,987 67,718,706 Set-Aside 9,933,986 9,735,306 9,735,306 9,930,013 10,128,613 49,463,224 Pass Thru Payments 21,108,655 20,693,481 20,693,481 21,100,351 21,390,067 104,986,035 Administration 2,897,774 2,749,025 2,749,025 2,778,884 2,809,116 13,983,824 Bond Fund Banking Obligation 1,683,574 1,342,965 1,002,408 1,942,311 2,404,451 8,375,709 Programs/Projects 1,679,688 10,379,688 7,879,688 18,879,688 25,579,688 20,913,843 85,312,283 Subtotal - Expenses 50,837,527 58,442,525 55,599,679 68,179,286 75,866,922 329,839,781 Revenue - Expenditures 363,450 (8,646,457) (6,211,069) (18,006,098) (24,703,401) (37,980) (78,117,418) Ending Cash Balance (June 30)32,626,801 23,980,344 17,769,275 (236,823) (24,940,224) (37,980) (24,978,204) 1 Additional information on unfunded projects may be found on the Proposed Redevelopment Program List. Source: Palm Desert Redevelopment Agency REVENUE EXPENSES 21 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 2 Figure 3 – PROJECT AREA NO. 2 MAP 22 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 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 preceding page in Figure 3. The Agency’s Report to the City Council requesting the proposed Redevelopment Plan indicated that the area had been selected because of the existence of lots of inadequate size for proper usefulness and development; inadequate traffic circulation; numerous obsolete and dilapidated residential structures subject to mixed character and shifting of land uses; and above ground voltage transmission lines which are not only unsightly, but because of high winds in the area, a threat to public safety. The primary objectives of the Redevelopment Plan for Project Area No. 2 revitalization 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. 23 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 2 ACCOMPLISHMENTS The Public Value & Benefit of Redevelopment In the last five years, the Agency has completed many successful projects and programs in the Project Area No. 2. Below are descriptions of just a few of these projects. A detailed listing of all the projects and programs completed between FY2004-05 and FY2008-09 in Project Area No. 2 is outlined in Table 5 on the following page. CSUSB Health Science Building The Agency provided for the implementation of infrastructure and commencement of construction for an educational facility at the California State University San Bernardino Campus. Freedom Park Construction The Agency provided funding assistance for the construction of Freedom Park, a regional park, which directly services two project areas by providing residents with access to open space and recreational facilities. 24 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Table 5 provides a detailed listing of the Agency’s accomplishments in Project Area No. 2 between FY2004-05 and FY2008-09. Agency Accomplishments in Project Area No. 2 Table 5 Project Name Project Description/Highlights Completion Date Total Expenditure Utility Undergrounding- Sinatra/Portola The Sinatra Portola Undergrounding replaced all overhead wires with an underground electrical system which accommodates various utilities.The Agency contributed to the project funding for the new public infrastructure. June 2005 $218,923 Landscape Improvements The Agency funded landscape improvements to the entry of the Desert Willow recreational facility in order to meet new landscape standards as implemented by City ordinance. June 2006 $170,449 Via Scena Traffic Signal Installation The Agency provided funding for the installation of a new traffic signal at the entry to a dilapidated commercial center undergoing redevelopment by a private owner.The implementation of the signal provided for easy access from adjacent arterials and provided for access to public parking. January 2007 $53,782 Section 29 Assessment District Bond Issuance The Agency facilitated conduit financing for private development of a 260 acre site known as Section 29.April 2007 $0 University Park CFD Bond Issuance The Agency facilitated conduit financing for development of a 258 acre site known as University Park. May 2007 $0 CSUSB Health Science Building The Agency provided for the implementation of infrastructure and commencement of construction for an educational facility at the California State University San Bernardino Campus. May 2007 $4,500,000 Desert Willow Pump Improvements The Agency assisted with improvements to the existing water pump stations/system at the Desert Willow public recreation facility to improve energy efficiency and water conservation. June 2007 $772,577 Freedom Park Construction The Agency provided funding assistance for the construction of Freedom Park,a regional park,which directly services two project areas by providing residents with access to open space and recreational facilities. July 2007 $2,592,812 2004-05 through 2008-09 25 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Agency Accomplishments in Project Area No. 2 Table 5 (Cont.) Project Name Project Description/Highlights Completion Date Total Expenditure Acquisitions The Agency acquired parcels of land to promote the following activities:promote compatible development, improve surrounding community,revitalize dilapidated property,rehabilitate the City's central business districts/commercial corridor/retail corridor,improve resident access to services,and mitigate blighted conditions throughout the City. 36.5 Acres @ Portola Rd. and Gerald Ford Dr.October 2006 $9,502,512 Desert Springs Marketplace June 2007 $4,876,412 Aquatic Center Feasibility & Design This is a proposed development,which is under review by both the City Council and Agency Board.The proposed public pool/recreational facility is a phased project.The Agency assisted in funding the initial feasibility study and concept design which were completed for the purpose of facilitating a comprehensive project review. In Progress $2,247 North Sphere Fire Station This is a proposed development for a Fire Station in the northern region of the City of Palm Desert.The Fire Station would service the northern quadrant of the City providing emergency and fire assistance to residents.The Agency provided funding for the initial site plan and preliminary due diligence. In Progress $29,464 Monterey Ramp Modifications The Agency is assisting in funding improvements to arterial access from both inbound and outbound directions of Interstate 10. In Progress $1,819,422 Desert Willow Well Site Construction The Agency is obligated by the Coachella Valley Water District to provide for well-site development at the Desert Willow public recreational facility.The well-sites will accommodate the water usage of future developments in the surrounding area. In Progress $105,828 Desert Arc Energy Easement The Agency is providing reimbursement for energy efficiency improvements made at the Desert Arc Facility. Desert Arc is a local non-profit agency that provides vocational training,job placement and employment, residential services,recreational and social opportunities, and independent living support for those who are developmentally disabled.The improvements will work to reduce current energy usage and promote energy conservation in order to reduce operating costs and continue to provide assistance to clients. In Progress $46,071 Desert Willow Pad Stabilization The Agency is providing periodic stabilization of open space located both within and on the perimeter of the Desert Willow public recreation facility. In Progress $302,574 Total Expenditure 2004-05 through 2008-09:$24,993,073 2004-05 through 2008-09 26 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 2 PROPOSED REDEVELOPMENT PROGRAM Five Year Work Program for Reinvestment & Revitalization Over the next five years, the Agency plans to implement the following redevelopment projects and programs. Table 6 describes the projects and programs proposed, what blighting conditions would be eliminated, approximate costs and timing, and the Redevelopment Plan goals that would be achieved2. 2 Costs are subject to change, and completion of these projects may require future action by the Agency. 27 Proposed Projects and Programs for Project Area No. 2 Table 6 2009-10 through 2013-14 Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Cal State Street Improvements Agency funds will be used to provide for the implementation of infrastructure and the commencement of construction for an educational facility at the California State University San Bernardino Campus. Public improvements January 2010 $1,597,368 Bonds Desert Willow Drive Entry Landscape This project is currently in the design process to install water efficient landscaping improvements along both sides of Desert Willow Drive to enhance the aesthetics of the entrance to Desert Willow Golf Resort. Public improvements June 2010 $170,000 Bonds Fire Station Renovation #71 This project will improve a public facility. Improvements will include concrete replacement, bathroom remodels,roof renovation,installation of ceiling fans,exterior façade improvements, installation of a patio,remodel of the barracks,and floor/apparatus refinishing. Public improvements & Deteriorated and dilapidated buildings June 2010 $900,000 Bonds Desert Willow Improvements- Greens The project will provide for renovation of all 18 greens,reshape greenside bunkers and fairway bunkers,install new bunker drainage improvements, bunker liners,new sand,and restoration of all lake edges. Public improvements September 2010 $909,462 Bonds 28 Proposed Projects and Programs for Project Area No. 2 Table 6 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Monterey Ave Widening-Fred Waring-Ford This project entails widening a major north/south arterial street to facilitate the ease of movement throughout the City,improve traffic flow,and access to business and future residential developments. Also,due to the growth in the northern section of the City,Monterey Ave will benefit from the medians and turn pockets being constructed as a means of increasing safety and controlling left turns. Sidewalks will be built to provide a safe pedestrian environment.Minor storm drain improvements will also be added to provide for City flood control. These improvements will encourage commercial and residential growth. Public Improvements & Depreciated or stagnant property values October 2010 $1,000,000 Bonds Aquatic Center This is a proposed development,which is under review by both the City Council and Agency Board. The proposed public pool/recreational facility is a phased project,with the initial feasibility study and concept design completed for the purpose of facilitating a comprehensive project review. Public improvements & Crime April 2011 $8,000,000 Bonds Monterey Ave Ramp Modifications The project will work to improve arterial access inbound and outbound from Interstate 10. Public improvements August 2011 $1,180,578 Bonds Mid-Valley Bike Path Agency funds will be used for the construction of 6.5 miles of a Class 1 bike path alongside the railroad and freeway corridor,Monterey Ave.to Washington St. Public improvements March 2012 $5,800,000 Unfunded Gerald Ford Drainage Improvements This project will improve regional drainage infrastructure by installing a new storm drain and retention basin along Gerald Ford Dr.,from Portola Rd. to Frank Sinatra Dr. Public improvements & Inadequate utilities June 2012 $4,400,000 Unfunded Public Safety Academy The Agency will contribute to $2M to College of the Desert for the construction of a 19,000 square foot public safety academy. Public improvements June 2012 $500,000 Bonds 29 Proposed Projects and Programs for Project Area No. 2 Table 6 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Desert Willow Well Sites The Agency will assist with the construction of well- sites required by CVWD as part of recreation facilities development.To date,2 of 4 are complete. Public improvements & Inadequate utilities June 2014 $1,990,435 Cash Desert Willow Pad Stabilization This project consists of periodic stabilization of open space located within,and on the perimeter of the Desert Willow public recreation facility. Public improvements June 2014 $414,422 Cash North Sphere Fire Station The Agency will assist in funding the construction of a new four bay University Village Fire Station/headquarters facility located at the California State University Palm Desert Campus. Public improvements June 2014 $7,220,000 Bonds NS Regional Park This project will facilitate building a regional park on the north side of town including the following amenities;sports fields (football,baseball/softball), concession area,playgrounds,spray features,disc golf course,picnic areas/shelters,walking paths, bathrooms and sport courts (example:tennis, pickleball,volleyball and basketball).The project may also include a public recreation facility. Public improvements June 2014 $15,000,000 Unfunded Country Club Drainage Improvements This projected will improve regional drainage infrastructure along Country Club Dr.,from Cook St. to Washington St. Public improvements June 2014 $10,000,000 Unfunded 30 Proposed Projects and Programs for Project Area No. 2 Table 6 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Desert Willow Hotel This project will provide for infrastructure,parking,a conference center,and public improvements contiguous to a hotel site to encourage economic development. Public improvements June 2014 $12,000,000 Unfunded Portola @ I-10 The project will work to improve arterial access inbound and outbound from Interstate 10. Public improvements June 2014 $4,300,000 Bonds Core Commercial Rehabilitation This program will focus on funding projects that improve access to core commercial areas,including public infrastructure and parking improvements as well as other improvements at and around Westfield shopping center, Highway 111 and El Paseo. Public improvements & Depreciated or stagnant property values June 2014 $10,000,000 Bonds Desert Willow Overflow Parking Lot The Agency will assist in funding infrastructure improvements to accommodate public parking. Public improvements $950,000 Bonds 31 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 2 Five Year Work Plan Budget Table 7 presents the Agency’s five-year projected cash flow for non-housing redevelopment activities in Project Area No. 2 during the Planning Period. Tax increment revenue figures provided are the gross amounts of tax increment received expected to be by the Agency, prior to deducting housing set-aside and pass through amounts. Tax increment revenue projections were based upon conservative growth rates, reflective of the current market conditions. The cash flow also includes other projected revenues, including interest earnings and reimbursements. Available bond funds and expenditures have also been included in the cash flow analysis. Expenses include bond debt service payments, housing set-aside deposits, taxing agency pass through payments, administrative fees, bond fund banking obligations, and projected project/program costs. Due to the State’s effort to take redevelopment funds to balance the State Budget, the Agency may be required to make Educational Revenue Augmentation Fund (“ERAF”) payments during the planning period. In 2008-2009 the State of California approved the budget contingent upon a $350 million shift of Tax Increment monies from Redevelopment Agencies to be applied to ERAF. This amounted to a $5,250,496 payment from the Agency to fund the ERAF shift. The California Redevelopment Association filed a lawsuit on behalf of all redevelopment agencies asserting that the take from redevelopment was unconstitutional based on the Law. On April 30, 2009 a superior court judgment in favor of redevelopment agencies was rendered, affirming that the take was unconstitutional and therefore illegal. The State appealed the decision but subsequently dropped its appeal. The State of California approved the FY2009-2010 budget relying on a $2.05 billion ERAF shift from redevelopment agencies over the next two years. The additional shift to ERAF (referred to as the Supplemental Educational Revenue Augmentation Fund or “SERAF”) is estimated to result in a payment of $25,502,408 in 2009-2010, and $5,250,496 in 2010-2011 from the Agency. Within the budget, there is a provision by which the Agency has the option to suspend the 2009-2010 20% housing set-aside contribution in order to assist the SERAF shift in that year; however the loan will need to be repaid by June 30, 2015. The loan could potentially delay many of the housing programs and projects anticipated over the next five year period. While the California Redevelopment Association believes this shift of tax increment from redevelopment falls under the same circumstances as the previous attempt, the Agency potentially could lose up to $30 million to SERAF shifts over the next two years. These shifts of dollars from redevelopment will severely impact the Agency’s ability to complete many of the projects both committed and anticipated over the next five year period. The California Redevelopment Association has filed another lawsuit in an effort to thwart this and future takes from redevelopment. 32 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 The cash flow analysis indicates that the Agency will have a negative cash flow during the planning period due to unfunded projects. Projects listed as unfunded will either need to be implemented with alternative funding sources or as a replacement of canceled projects. During the five-year period covered by this Plan, it is possible that the Agency will undertake some but not all of the listed projects. All costs and time frames listed for the programs and projects are estimates only and may differ from the actual costs and time frames. In the event that a program or a project is included in the list for one Project Area but is not included in the list of another Project Area (or other Project Areas), but the Agency later determines that the program or project would also benefit the latter, the Agency may use funds available from the latter Project Area (or Project Areas) to finance all or a portion of such program or project. Specific projects may also be modified or added depending on actual circumstances, including but not limited to changing needs of the Project Areas, actual costs of the projects and the availability of funding. PROJECT AREA NO. 2 CASH FLOW PRO FORMA ANALYSIS FISCAL YEAR 2010-2014 Table 7 851 2010 2011 2012 2013 2014 BOND FUNDS 5-YEAR TOTAL Beginning Balances (July 1st)8,266,097 8,866,242 9,450,264 7,761,976 (7,841,539) 43,926,477 Tax Increment 17,605,015 17,252,915 17,252,915 17,597,973 17,949,933 87,658,751 Other Income 710,779 723,327 735,815 291,750 295,191 2,756,862 Subtotal - Income 18,315,794 17,976,242 17,988,730 17,889,723 18,245,124 43,926,477 90,415,613 Debt Service 6,427,897 6,565,670 6,649,867 6,878,326 7,010,106 33,531,866 Set-Aside 3,521,003 3,450,583 3,450,583 3,519,595 3,589,987 17,531,751 Pass Thru Payments 7,073,248 6,934,838 6,935,438 6,948,986 7,087,965 34,980,476 Administration 618,500 366,130 366,130 367,581 369,052 2,087,393 Programs/Projects 75,000 75,000 2,275,000 15,778,750 23,623,123 44,505,392 86,332,265 Subtotal - Expenses 17,715,649 17,392,220 19,677,018 33,493,237 41,680,233 174,463,750 Revenue - Expenditures 600,145 584,022 (1,688,288) (15,603,514) (23,435,109) (578,915) (84,048,137) Ending Cash Balance (June 30)8,866,242 9,450,264 7,761,976 (7,841,539) (31,276,647) (578,915) (31,855,562) 1 Additional information on unfunded projects may be found on the Proposed Redevelopment Program List. Source: Palm Desert Redevelopment Agency REVENUE EXPENSES 33 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 34 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 3 Figure 4 – PROJECT AREA NO. 3 MAP 35 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 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 preceding page in Figure 4. 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. 36 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 3 ACCOMPLISHMENTS The Public Value & Benefit of Redevelopment In the last five years, the Agency has completed many successful projects and programs in the Project Area No. 3. Below are descriptions of just a few of these projects. A detailed listing of all the projects and programs completed between FY2004-05 and FY2008-09 in Project Area No. 3 is outlined in Table 8 on the following page. 42nd Ave Sidewalk Improvements The Agency provided funding for public infrastructure and sidewalk improvements directly benefiting the Hovley Gardens, Falcon Crest and La Rocca Villas affordable housing complexes. The improvements provide for enhanced resident accessibility to transit, community services, and schools. 37 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Table 8 provides a detailed listing of the Agency’s accomplishments in Project Area No. 3 between FY2004-05 and FY2008-09. Agency Accomplishments in Project Area No. 3 Table 8 2004-05 through 2008-09 Project Name Project Description/Highlights Completion Date Total Expenditure 42nd Ave Sidewalk Improvements The Agency provided funding for public infrastructure and sidewalk improvements directly benefiting the Hovley Gardens,Falcon Crest and La Rocca Villas affordable housing complexes.The improvements provide for enhanced resident accessibility to transit,community services, and schools. December 2004 $177,405 Public Facility Improvements The Agency provided for infrastructure development including the mass grading of a public facility immediately adjacent to the Hovley Gardens,Falcon Crest and La Rocca Villas affordable housing complexes. June 2005 $53,523 Perimeter Landscaping The Agency assisted in funding the implementation of landscaping in public rights-of-way in accordance with the City's landscape ordinance. June 2005 $16,204 Merle Sewer & Street Improvements The Agency provided funding assistance for neighborhood improvements and the implementation of public sewers and infrastructure along Merle Street. June 2005 $845,047 Cook Street Widening The Agency participated in funding infrastructure and traffic improvements which will enhance traffic circulation on a one of the City's major arterial roads. In Progress $290,828 Total Expenditure 2004-05 through 2008-09:$1,383,007 38 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 3 PROPOSED REDEVELOPMENT PROGRAM Five Year Work Program for Reinvestment & Revitalization Over the next five years, the Agency plans to implement the following redevelopment projects and programs. Table 9 describes the projects and programs proposed, what blighting conditions would be eliminated, approximate costs, and the Redevelopment Plan goals that would be achieved3. 3 Costs are subject to change, and completion of these projects may require future action by the Agency. 39 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 3 Table 9 2009-10 through 2013-14 Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Hovley Soccer Park Improvements This project will provide for improvements to infrastructure,landscaping,community gardens, and parking adjacent to a recreational park. Public improvements & Crime June 2010 $250,000 Cash Cook Street Improvements Infrastructure improvements will allow for better traffic flow on Cook Street,from Frank Sinatra Dr.to Fred Waring Dr.Cook Street is a north/south arterial that provides for access to the City of Palm Desert’s central business district,and allows for traffic to flow to Interstate 10. Public improvements November 2010 $2,709,171 Bonds Public Safety Academy The Agency will contribute $2M to College of the Desert for the construction of a 19,000 square foot public safety academy. Public improvements June 2012 $500,000 Bonds Commercial / Industrial Rehabilitation The Project will adress blight among commercial and industrial uses by developing a program to assist in the rehabilitation of existing structures. Deteriorated and dilapidated buildings $2,000,000 Unfunded Desert Willow Hotel This project will provide for infrastructure,parking, conference center,and public improvements contiguous to a hotel site to encourage economic development. Public improvements June 2014 $3,000,000 Unfunded 40 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 3 Table 9 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Neighborhood Utility Undergrounding The Agency is considering the feasibility of a project for future undergrounding of utilities in Project Area 3 and 4. Public improvements June 2014 $2,000,000 Bonds Land/Property Acquisition The Agency will acquire property for the purpose of encouraging economic development,affordable housing, and open space. Depreciated or stagnant property values June 2014 $5,000,000 Cash / Bonds / Unfunded Portola @ I-10 The project will work to improve arterial access inbound and outbound from Interstate 10. Public improvements June 2014 $8,200,000 Bonds 41 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 3 Five Year Work Plan Budget Table 10 presents the Agency’s five-year projected cash flow for non-housing redevelopment activities in Project Area No. 3 during the Planning Period. Tax increment revenue figures provided are the gross amounts of tax increment expected to be received by the Agency, prior to deducting housing set-aside and pass through amounts. Tax increment revenue projections were based upon conservative growth rates, reflective of the current market conditions. The cash flow also includes other projected revenues, including interest earnings and reimbursements. Available bond funds and expenditures have also been included in the cash flow analysis. Expenses include bond debt service payments, housing set-aside deposits, taxing agency pass through payments, administrative fees, bond fund banking obligations, and projected project/program costs. Due to the State’s effort to take redevelopment funds to balance the State Budget, the Agency may be required to make Educational Revenue Augmentation Fund (“ERAF”) payments during the planning period. In 2008-2009 the State of California approved the budget contingent upon a $350 million shift of Tax Increment monies from Redevelopment Agencies to be applied to ERAF. This amounted to a $5,250,496 payment from the Agency to fund the ERAF shift. The California Redevelopment Association filed a lawsuit on behalf of all redevelopment agencies asserting that the take from redevelopment was unconstitutional based on the Law. On April 30, 2009 a superior court judgment in favor of redevelopment agencies was rendered, affirming that the take was unconstitutional and therefore illegal. The State appealed the decision but subsequently dropped its appeal. The State of California approved the FY2009-2010 budget relying on a $2.05 billion ERAF shift from redevelopment agencies over the next two years. The additional shift to ERAF (referred to as the Supplemental Educational Revenue Augmentation Fund or “SERAF”) is estimated to result in a payment of $25,502,408 in 2009-2010, and $5,250,496 in 2010-2011 from the Agency. Within the budget, there is a provision by which the Agency has the option to suspend the 2009-2010 20% housing set-aside contribution in order to assist the SERAF shift in that year; however the loan will need to be repaid by June 30, 2015. The loan could potentially delay many of the housing programs and projects anticipated over the next five year period. While the California Redevelopment Association believes this shift of tax increment from redevelopment falls under the same circumstances as the previous attempt, the Agency potentially could lose up to $30 million to SERAF shifts over the next two years. These shifts of dollars from redevelopment will severely impact the Agency’s ability to complete many of the projects both committed and anticipated over the next five year period. The California Redevelopment Association has filed another lawsuit in an effort to thwart this and future takes from redevelopment. The cash flow analysis indicates that Agency will have a positive cash flow during the Planning Period and there is sufficient revenue to support all proposed projects and programs. 42 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 During the five-year period covered by this Plan, it is possible that the Agency will undertake some but not all of the listed projects. All costs and time frames listed for the programs and projects are estimates only and may differ from the actual costs and time frames. In the event that a program or a project is included in the list for one Project Area but is not included in the list of another Project Area (or other Project Areas), but the Agency later determines that the program or project would also benefit the latter, the Agency may use funds available from the latter Project Area (or Project Areas) to finance all or a portion of such program or project. Specific projects may also be modified or added depending on actual circumstances, including but not limited to changing needs of the Project Areas, actual costs of the projects and the availability of funding. PROJECT AREA NO. 3 CASH FLOW ANALYSIS FISCAL YEAR 2010-2014 Table 10 853 2010 2011 2012 2013 2014 BOND FUNDS 5-YEAR TOTAL Beginning Balances (July 1st)5,149,710 5,510,423 6,058,988 4,090,135 1,912,996 17,534,706 Tax Increment 4,515,993 4,425,673 4,425,673 4,514,186 4,604,470 22,485,996 Other Income 352,229 361,497 375,456 165,494 173,816 1,428,491 Subtotal - Income 4,868,222 4,787,170 4,801,129 4,679,680 4,778,286 17,534,706 23,914,487 Debt Service 992,323 1,025,923 1,057,300 1,091,140 1,124,428 5,291,113 Set-Aside 903,199 885,135 885,135 902,837 920,894 4,497,200 Pass Thru Payments 2,201,987 2,167,948 2,167,948 2,202,998 2,238,749 10,979,629 Administration 160,000 159,600 159,600 159,845 160,093 799,138 Programs/Projects 250,000 - 2,500,000 2,500,000 3,500,000 14,909,171 23,659,171 Subtotal - Expenses 4,507,509 4,238,605 6,769,982 6,856,820 7,944,163 45,226,251 Revenue - Expenditures 360,713 548,565 (1,968,853) (2,177,139) (3,165,878) 2,625,535 (21,311,764) Ending Cash Balance (June 30)5,510,423 6,058,988 4,090,135 1,912,996 (1,252,882) 2,625,535 1,372,654 Source: Palm Desert Redevelopment Agency REVENUE EXPENSES 43 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 4 Figure 5 – PROJECT AREA NO. 4 MAP 44 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 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 preceding page in Figure 5. Project Area No. 4 generally includes the territory bounded on the west by El Dorado Drive running southward to the City of Indian Wells boundary line, then eastward to the boundary point between the then County territory and the City of Indian Wells. The western boundary follows this boundary line southward to Fred Waring Drive. Fred Waring Drive is the southern boundary with Washington Street being the eastern limit. Country Club Drive is the northern boundary running from Washington Street westward to El Dorado Drive. Project Area No. 4 was characterized in the Agency’s 1993 Report to the City Council as containing a variety of conditions, which adversely impacted the economic viability, as well as the health and safety of persons and properties located within Project Area No. 4. In some of the unincorporated portions of Project Area No. 4 development occurred in a seemingly unrestricted and unplanned manner. Streets were, and are still, unpaved and residential dwellings have been developed without regard to standard design and setback requirements. Further, Project Area No. 4 was characterized by 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 f reeway 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. 45 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 4 ACCOMPLISHMENTS The Public Value & Benefit of Redevelopment In the last five years, the Agency has completed many successful projects and programs in the Project Area No. 4. Below are descriptions of just a few of these projects. A detailed listing of all the projects and programs completed between FY2004-05 and FY2008-09 in Project Area No. 4 is outlined in Table 11 on the following page. UCR- Richard J. Heckmann International Center for Entrepreneurial Management The Agency provided a loan to the University of California at Riverside for the purpose of constructing street and infrastructure improvements at its Palm Desert Campus. The Agency also provided the land to facilitate the construction of a graduate studies building for entrepreneurial management, which is part of the University of California at Riverside's Graduate Studies Center. Freedom Park Provided assistance for the construction of a 40-acre public park centrally located, allowing for ease of use by both Palm Desert residents and adjacent schools. The park provides for local league and recreational play, and is accessible by all valley residents. Fred Waring Widening / Sound Wall The project widened a major east/west arterial to six lanes to facilitate ease of movement throughout the City, improve traffic flow, and access to City businesses and schools. As a result of the widening, a sound wall has been constructed along the arterial to mitigate noise along the adjacent residential areas. 46 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Table 11 provides a detailed listing of the Agency’s accomplishments in Project Area No. 4 between FY2004-05 and FY2008-09. Agency Accomplishments in Project Area No. 4 Table 11 2004-05 through 2008-09 Project Name Project Description/Highlights Completion Date Total Expenditure UCR- Richard J. Heckmann International Center for Entrepreneurial Management The Agency provided a loan to the University of California at Riverside for the purpose of constructing street and infrastructure improvements at its Palm Desert Campus. The Agency also provided the land to facilitate the construction of a graduate studies building for entrepreneurial management,which is part of the University of California at Riverside's Graduate Studies Center. November 2004 $2,000,000 Warner Trail Storm Drain The Agency provided funds for the implementation of public infrastructure to accommodate storm water run-off and prevent flooding of commercial and residential areas. June 2005 $2,989,570 Property Acquisition-Casey's The Agency acquired the site currently known as Casey's Restaurant in order to assist in the rehabilitation of a dilapidated/blighted structure.The rehabilitation project will be phased and both façade and structural improvements will be implemented. September 2005 $1,040,114 Palm Desert Country Club Provided assistance to allow for additional units in order to accommodate private development.June 2006 $0 Freedom Park Provided assistance for the construction of a 40-acre public park centrally located,allowing for ease of use by both Palm Desert residents and adjacent schools.The park provides for local league and recreational play,and is accessible by all valley residents. April 2008 $8,022,216 Fred Waring Widening/Sound Wall The project widened a major east/west arterial to six lanes to facilitate ease of movement throughout the City, improve traffic flow,and access to City businesses and schools.As a result of the widening,a sound wall has been constructed along the arterial to mitigate noise along the adjacent residential areas. June 2009 $5,000,000 47 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Agency Accomplishments in Project Area No. 4 Table 11 2004-05 through 2008-09 (cont.) Project Name Project Description/Highlights Completion Date Total Expenditure Utility Undergrounding-Palm Desert Country Club The Palm Desert Country Club Undergrounding is a proposed project and will be phased once feasibility is determined.If approved,a plan will be implemented to replace all overhead wires and provide an underground electrical system which accommodates various utilities. Agency funds have been expended on due diligence to determine project feasibility.This proposed project requires property owner approval in order to be implemented. In Progress $620,000 Total Expenditure 2004-05 through 2008-09:$19,671,899 48 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 4 PROPOSED REDEVELOPMENT PROGRAM Five Year Work Program for Reinvestment & Revitalization Over the next five years, the Agency plans to implement the following redevelopment projects and programs. Table 12 describes the projects and programs proposed, what blighting conditions would be eliminated, approximate costs, and the Redevelopment Plan goals that would be achieved4. 4 Costs are subject to change, and completion of these projects may require future action by the Agency. 49 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 4 Table 12 2009-10 through 2013-14 Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Casey's Restaurant The Agency acquired the site currently known as Casey's Restaurant in order to assist in the rehabilitation of a dilapidated/blighted structure. This potential project will be phased and both façade and structural improvements will be implemented. Deteriorated or dilapidated buildings December 2009 $845,000 Cash Ballfield Lights This project will utilize Agency funds to improve public facilities. Public improvements & Crime January 2011 $800,000 Unfunded Public Safety Academy The Agency will contribute $2M to College of the Desert for the construction of a 19,000 square foot public safety academy. Public improvements June 2012 $500,000 Bonds Storm Drain Improvements The Agency is considering the feasibility of a project for future storm drain improvements in Project Area No. 4. Public improvements $2,000,000 Unfunded PA 4 Fire Station The Agency has set aside approximately 0.75 acres adjacent to the future Country Village Apartments for the development of a fire/paramedic station to serve the residents of Project Area 4. Public improvements June 2014 $4,000,000 Bonds Land/Property Acquisition The Agency will acquire property for the purpose of encouraging economic development,affordable housing, and open space. Depreciated or stagnant property values June 2014 $5,000,000 Cash / Bonds / Unfunded Undergrounding Facilities of Regional Arterial The Agency is considering the feasibility of a project for future undergrounding of utilities of a regional arterial in Project Area 4. Public improvements June 2014 $2,500,000 Bonds 50 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 Proposed Projects and Programs for Project Area No. 4 Table 12 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Neighborhood Utility Undergrounding The Agency is considering the feasibility of a project for future undergrounding of utilities in Project Area 3 and 4. Public improvements June 2014 $13,380,000 Bonds 51 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 PROJECT AREA NO. 4 Five Year Work Plan Budget Table 13 presents the Agency’s five-year projected cash flow for non-housing redevelopment activities in Project Area No. 4 during the Planning Period. Tax increment revenue figures provided are the gross amounts of tax increment expected to be received by the Agency, prior to deducting housing set-aside and pass through amounts. Tax increment revenue projections were based upon conservative growth rates, reflective of the current market conditions. The cash flow also includes other projected revenues, including interest earnings and reimbursements. Available bond funds and expenditures have also been included in the cash flow analysis. Expenses include bond debt service payments, housing set-aside deposits, taxing agency pass through payments, administrative fees, bond fund banking obligations, and projected project/program costs. Due to the State’s effort to take redevelopment funds to balance the State Budget, the Agency may be required to make Educational Revenue Augmentation Fund (“ERAF”) payments during the planning period. In 2008-2009 the State of California approved the budget contingent upon a $350 million shift of Tax Increment monies from Redevelopment Agencies to be applied to ERAF. This amounted to a $5,250,496 payment from the Agency to fund the ERAF shift. The California Redevelopment Association filed a lawsuit on behalf of all redevelopment agencies asserting that the take from redevelopment was unconstitutional based on the Law. On April 30, 2009 a superior court judgment in favor of redevelopment agencies was rendered, affirming that the take was unconstitutional and therefore illegal. The State appealed the decision but subsequently dropped its appeal. The State of California approved the FY2009-2010 budget relying on a $2.05 billion ERAF shift from redevelopment agencies over the next two years. The additional shift to ERAF (referred to as the Supplemental Educational Revenue Augmentation Fund or “SERAF”) is estimated to result in a payment of $25,502,408 in 2009-2010, and $5,250,496 in 2010-2011 from the Agency. Within the budget, there is a provision by which the Agency has the option to suspend the 2009-2010 20% housing set-aside contribution in order to assist the SERAF shift in that year; however the loan will need to be repaid by June 30, 2015. The loan could potentially delay many of the housing programs and projects anticipated over the next five year period. While the California Redevelopment Association believes this shift of tax increment from redevelopment falls under the same circumstances as the previous attempt, the Agency potentially could lose up to $30 million to SERAF shifts over the next two years. These shifts of dollars from redevelopment will severely impact the Agency’s ability to complete many of the projects both committed and anticipated over the next five year period. The California Redevelopment Association has filed another lawsuit in an effort to thwart this and future takes from redevelopment. 52 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 The cash flow analysis indicates that the Agency will have a positive cash flow during the planning period due to unfunded projects. Projects listed as unfunded will either need to be implemented with alternative funding sources or as a replacement of canceled projects. During the five-year period covered by this Plan, it is possible that the Agen cy will undertake some but not all of the listed projects. All costs and time frames listed for the programs and projects are estimates only and may differ from the actual costs and time frames. In the event that a program or a project is included in the list for one Project Area but is not included in the list of another Project Area (or other Project Areas), but the Agency later determines that the program or project would also benefit the latter, the Agency may use funds available from the latter Project Area (or Project Areas) to finance all or a portion of such program or project. Specific projects may also be modified or added depending on actual circumstances, including but not limited to changing needs of the Project Areas, actual costs of the projects and the availability of funding. PROJECT AREA NO. 4 CASH FLOW ANALYSIS FISCAL YEAR 2010-2014 Table 13 854 2010 2011 2012 2013 2014 BOND FUNDS 5-YEAR TOTAL Beginning Balances (July 1st)6,661,966 6,686,100 8,628,067 5,911,890 3,595,381 20,997,444 Tax Increment 12,776,161 12,520,638 12,520,638 12,771,051 13,026,472 63,614,960 Other Income 1,069,705 2,256,719 1,004,835 644,489 633,816 5,609,564 Subtotal - Income 13,845,866 14,777,357 13,525,473 13,415,540 13,660,288 20,997,444 69,224,524 Debt Service 2,512,285 2,614,231 2,720,491 2,821,921 2,931,791 13,600,720 Set-Aside 2,555,232 2,504,128 2,504,128 2,554,210 2,605,294 12,722,992 Pass Thru Payments 7,547,215 7,406,271 7,406,271 7,544,397 7,685,285 37,589,439 Administration 362,000 310,760 310,760 311,520 312,288 1,607,328 Bond Fund Banking Obligation - - - - - - Programs/Projects 845,000 - 3,300,000 2,500,000 1,500,000 20,880,000 29,025,000 Subtotal - Expenses 13,821,732 12,835,390 16,241,650 15,732,048 15,034,658 94,545,479 Revenue - Expenditures 24,134 1,941,967 (2,716,177) (2,316,508) (1,374,370) 117,444 (25,320,956) Ending Cash Balance (June 30)6,686,100 8,628,067 5,911,890 3,595,381 2,221,011 117,444 2,338,455 1 Additional information on unfunded projects may be found on the Proposed Redevelopment Program List. Source: Palm Desert Redevelopment Agency REVENUE EXPENSES 53 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 ELIMINATION OF BLIGHT The Agency’s proposed projects and programs detailed previously in this Plan are intended to eliminate blight in the Project Areas as defined by Section 33030 and 33031 of the CRL. The blighting conditions addressed by the proposed projects and programs include: inadequate public improvements and/or utilities, depreciated or stagnant property values, conditions preventing the viable use of a building or lot, impaired development due to irregular shaped lots, unsafe and unhealthy buildings, high vacancy and low lease rates, and crime. The following provides a more in depth discussion of how the proposed projects and programs eliminate the blighting conditions indentified in Tables 3, 6, 9, and 12. The Agency is proposing to undertake multiple projects and programs that will improve the aforementioned blighting conditions (within the Project Areas). These projects and programs include activities such as landscape, streetscape, traffic circulat ion, sidewalk, sewer system, pedestrian access, and public facilities infrastructure improvements. With the help of acquisition and construction projects, the Agency will create open space opportunities and assist in the development of parks and open spaces. Additionally, providing needed public improvements, public facilities and infrastructure will help correct problems and improve the health, safety, and welfare of community residents and workers due to improved pedestrian and vehicular traffic circulation and access. Transportation improvements can have a direct impact on property values. Another benefit of the installation of the identified public improvements is the potential for job creation within the community. Crime as a blighting condition that can be addressed and alleviated through investments in public recreational facilities. Studies have documented a direct correlation between providing recreational facilities and a decrease in criminal activity. The Agency is also proposing projects and programs that will eliminate unsafe and unhealthy buildings by providing needed rehabilitation to ensure public safety. Acquisition and consolidation of vacant or underutilized properties will help eliminate blight from properties that have conditions that hinder their viable use or are irregularly shaped. By successfully implementing the projects and programs detailed in this Plan the Agency will help eliminate blighting conditions in the Project Area and spur economic development. 54 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 IMPLEMENTATION PLAN HOUSING REQUIREMENTS Pursuant to Law Section 33490(a)(1)(A), the Implementation Plan should contain a list of programs and projects proposed over the next five years. This provision includes both the Agency’s non-housing and housing project programs. The Agency’s housing accomplishments over the past five years and the proposed projects and programs anticipated by the Agency within the Project Areas are located in the Affordable Housing Compliance Plan. 55 Palm Desert Redevelopment Project Areas Five-Year Implementation Plan 2009-10 through 2013-14 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 and Affordable Housing Compliance Plan. APPENDIX 1 AFFORDABLE HOUSING COMPLIANCE PLAN UPDATE PALM DESERT REDEVELOPMENT AGENCY FY2004 -05 THROUGH FY2013-14 2009 UPDATE Palm Desert Redevelopment Agency 73-510 Fred Waring Drive Palm Desert, CA 92260 (760) 346 -0611 Adopted November 12, 2009 Resolution No. 566 i Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 City of Palm Desert REDEVELOPMENT AGENCY BOARD Robert A. Spiegel, Chairperson Cindy Finerty, Vice Chairperson Jean M. Benson, Agency Member James Ferguson, Agency Member Richard Kelly, Agency Member REDEVELOPMENT AGENCY STAFF John M. Wohlmuth, Executive Director William Strausz of Richards Watson & Gershon, Agency Attorney Justin McCarthy, Assistant City Manager/Redevelopment Paul S. Gibson, Finance Director/Treasurer Janet M. Moore, Director of Housing Martín Alvarez, Redevelopment Manager Rachelle D. Klassen, City Clerk Veronica Tapia, Redevelopment Accountant Catherine Walker, Senior Management Analyst ii Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 TABLE OF CONTENTS APPENDIX 1 .............................................................................................................................. 1 AFFORDABLE HOUSING C OMPLIANCE PLAN UPDATE ...................................................... 1 PALM DESERT REDEVELOPMENT AGENCY ........................................................................ 1 FY2004-05 THROUGH FY2013-14 ............................................................................................ 1 2009 UPDATE ............................................................................................................................ 1 EXECUTIVE SUMMARY ............................................................................................................ 1 COMMUNITY REDEVELOPMENT LAW AND AFFORDABLE HOUSING COMPLIANCE ... 1 Housing Funds ...................................................................................................................... 2 Housing Production Required Under the CRL .................................................................... 2 Terms of Affordability for Assisted Housing ...................................................................... 3 Replacement Housing Requirements .................................................................................. 4 HOUSING STIPULATION ....................................................................................................... 4 OVERALL EFFORTS TO MEET HOUSING NEEDS .............................................................. 4 INTRODUCTION ........................................................................................................................ 6 Background ........................................................................................................................... 6 LEGAL REQUIREMENTS ........................................................................................................ 10 HOUSING PROGRAM GOALS & OBJECTIVES .................................................................... 11 HOUSING ACCOMPLISHMENTS ........................................................................................... 13 HOUSING COMPLIANCE PLAN CATEGORIES .................................................................... 16 HOUSING COMPLIANCE PLAN CATEGORIES .................................................................... 17 2010-2014 HOUSING GOALS & OBJECTIVES ...................................................................... 18 HOUSING PROJECTS AND PROGRAMS .............................................................................. 19 HOUSING PRODUCTION ........................................................................................................ 24 Inclusionary Housing Production Requirements ............................................................. 25 Time Requirements for Affordability Restrictions ............................................................ 26 Inclusionary Unit Need Estimation .................................................................................... 26 Aggregation of Affordable Units Among All Project Areas ............................................. 29 Status of Agency’s Inclusionary Housing Production ..................................................... 29 Inventory of Inclusionary Units .......................................................................................... 29 REPLACEMENT HOUSING ..................................................................................................... 32 HOUSING FUND ...................................................................................................................... 34 EXPENDITURES BY HOUSEHOLD TYPES ........................................................................... 36 PRIOR FIVE-YEAR HOUSING FUND EXPENDITURES ......................................................... 39 ADMINISTRATION OF THE IMPLEMENTATION PLAN ......................................................... 41 EXHIBIT A ................................................................................................................................ 42 1 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 EXECUTIVE SUMMARY This document is the Housing Compliance Plan ("Compliance Plan") for the Palm Desert Redevelopment Agency ("Agency"). It serves as a blueprint for current and future Agency activities in the Agency’s efforts to meet its low and moderate income housing responsibilities. The Compliance Plan has been prepared in conjunction with the Agency’s 2009 Five Year Implementation Plan to meet the requirements of California Community Redevelopment Law (the “CRL”) Section 33490. This Compliance Plan amends the Affordable Housing Compliance Objectives adopted on November 18, 2004 and presents an updated affordable housing plan through the duration of the Compliance Period defined below. This Compliance Plan covers 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 (the “Project Areas”). The Compliance Plan incorporates an update of the Agency’s affordable programs and housing production activities since 2004, and presents an affordable housing production plan for housing projects over the remainder of the ten-year compliance period beginning in fiscal year (“FY”) 2004-05 and extending through FY2013-14 (“Compliance Period”). 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 second five year period (FY2009-10 through 2013-14) of the required ten year period, the next ten year period (FY2014-15 through 2018-19) and until the termination of the Redevelopment Plans. This Compliance Plan document conforms to the City of Palm Desert’s (“City”) General Plan and has been prepared according to guidelines established in the programs and goals outlined in the current Housing Element of the General Plan of the City. This Compliance Plan is focused on meeting or exceeding the inclusionary housing unit production requirements of the CRL. This document is not required by the CRL to address satisfaction of the Agency’s Stipulation regarding affordable housing or the City’s Regional Housing Needs Allocation (“RHNA”) new construction figures. COMMUNITY REDEVELOPMENT LAW AND AFFORDABLE HOUSING COMPLIANCE Article 16.5 of the CRL requires all redevelopment agencies to prepare and adopt affordable housing compliance plans on a ten year cycle, with updates corresponding with adoption of their five year implementation plans. The housing compliance plan must identify how a redevelopment agency will achieve the affordable housing production requirements for each of its redevelopment project areas. The compliance plan must be consistent with the jurisdiction's housing element and must also be reviewed and, if necessary, amended at least every five years in conjunction with the cyclical preparation of the housing element or the agency’s five year implementation plan. 2 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Housing Funds The CRL provides redevelopment agencies with a finance mechanism (tax increment housing set-aside revenues) to fund required affordable housing units. It also defines the type of projects, programs and activities that may be funded with tax increment housing set-aside revenues. The CRL requires the mandatory set aside of a least 20% of the tax increment revenue (“set-aside revenue”) received by an agency from its redevelopment project areas into a special fund for housing (“Housing Fund”). Housing Funds are required by the CRL to be utilized to increase, preserve, and improve the community’s supply of affordable housing. Housing assisted with set-aside revenue must be made available to qualified or targeted income groups at affordable housing costs pursuant to CRL.1 The Agency pursuant to findings made at the time of the adoption of the Project Areas has the authority to expend Housing Fund dollars either inside or outside the Project Areas and aggregate its housing production activities among all four Project Areas. The Agency with the adoption of its 1999 and 2004 Housing Compliance Plan has taken action to aggregate its new and substantially rehabilitated units among all Project Areas to more effectively meet housing program objectives.2 The Agency will consider similar action at the Public Hearing scheduled to consider the adoption of the 2009 Implementation and Housing Compliance Plan. 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, will not cause or exacerbate racial, ethnic, or economic segregation. Housing Production Required Under the CRL The Agency is obligated under Section 33413(b)(1) of the CRL to ensure that over the life of all redevelopment plans 30% of all redevelopment agency developed or substantially rehabilitated units are made available at affordable housing costs to, and occupied by persons and families of low or moderate income (“targeted income groups”), at least 50% of which must be available at affordable housing cost to, and occupied by, very low income households.3 Additionally, 1 The CRL 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. 2 Section 33413(b)(2)(A)(ii) of the CRL 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. Section 33413 (b)(2)(A)(v) of the CRL 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.” 3 Section 50052.5 of Health and Safety Code defines affordable housing cost , as adjusted for family size, 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 3 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Section 33413(b)(2) provides that 15% of all redevelopment agency developed or substantially rehabilitated units are made available at affordable housing costs to, and occupied by persons and families of low or moderate income, at least 40% of which must be available at affordable housing cost to, and occupied by, very low income households. The Agency’s inclusionary housing unit need was initially established by a detailed review of housing units built or substantially rehabilitated in the Project Areas from adoption through June of 1994. Additionally projections of units to be built or substantially rehabilitated from July of 1994 through June of 2004 were developed and provided in the first Compliance Plan adopted by the Agency in December of 1994. Since 1994, the 1999 and 2004 Compliance Plans have reassessed and updated both the number of units constructed or substantially rehabilitated as well as those anticipated to be developed over the various five, ten year and remaining life of each of the Project Areas to establish and update the Agency’s inclusionary housing production unit need. This Compliance Plan has updated the inclusionary unit need assessment for the Project Areas, establishing that as of the end of the prior five year period (June of 2009) a total of 8,826 units had been constructed within the Project Areas, since adoption, creating an affordable housing unit obligation of 1,390 units. The Agency has made an exemplary effort to meet its housing obligations under the CRL. To date the Agency has provided, by reserving existing units or developing or assisting new units, a total of 1,707 affordable units of which 1,580 have been credited to meet the Agency’s inclusionary housing need . The Agency has planned future projects and programs that should result in development or reservation of 200 affordable units over the next five years. The Agency’s efforts to produce affordable housing since the inception of its housing program in conjunction with its planned housing projects and programs for the next five year period is expected to result in a surplus of 272 affordable units at the end of this ten year period. The CRL allows the Agency to carry these units over to the next five year and ten year periods. Terms of Affordability for Assisted Housing In addition to providing the affordable units to targeted income groups, affordable units developed or assisted with the Agency’s Housing Funds must carry covenants to ensure affordability and availability. Pursuant to the CRL, units created after 2001 must carry 45-year affordability covenants for ownership units and 55-years for rental 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 (for the purpose of meeting the Agency’s inclusionary housing unit need). The Agency may also purchase 55-year affordability covenants on existing multifamily rental units. Additionally, the Agency may aggregate housing units between all four Project Areas to satisfy affordable housing requirements. 30% of 110% for rental projects) of the County median household income. Affordability amounts under the Stipulation for Very Low Income are 25% of 50%. 4 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Replacement Housing Requirements The CRL requires that whenever housing occupied by low and moderate income persons or households are destroyed or removed from the low and moderate income housing market as part of a redevelopment agency project that is subject to a written agreement with the agency or where financial assistance has been provided by the agency; the redevelopment agency is responsible for providing replacement units. Replacement units must provide at least the same number of bedrooms destroyed, and 100% of the replacement units must be affordable to the same income categories as those removed. Replacement units may be provided at full credit anywhere within the community. The Agency has funded and developed a number of projects over the years that have resulted in the need for replacement housing units. The Agency has followed CRL by assessing the need and providing and implementing a “Replacement Housing Plan” to provide the required units in a timely fashion. This Compliance Plan details the Agency’s activities to meet its housing replacement needs. HOUSING 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 Western 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 Case No. Indio 51143, entitled City of Palm Springs v. All Persons Interested on May 15, 1991 and the subsequent 1997 and 2002 Stipulation Amendments to the 1991 Stipulation for Entry of Judgment (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. The Agency needed to produce 1,205 affordable units by 2006 per the Stipulation. The Agency has produced the required 1,205 units. The Agency will continue its efforts to meet the requirements of the Stipulation. OVERALL EFFORTS TO MEET HOUSING NEEDS The City and the Agency have worked successfully together in meeting the various housing requirements provided for under the CRL, the Stipulation and the City’s current Housing Element. Since the adoption of the first Housing Plan in 1993 (the “1993 Housing Plan”), the Agency with the assistance of the City’s Housing Authority has actively pursued projects, programs, and activities that meet the Agency’s needs and housing goals. The projects, programs and activities identified in this Compliance Plan have been designed to significantly 5 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 increase the number of affordable 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. 6 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 INTRODUCTION This document amends the Agency’s ten year 2004 Housing Compliance Plan (“Compliance Plan”) for the Palm Desert Redevelopment Agency adopted in November of 2004. In compliance with Section 33490 of the CRL this document serves as the Housing Component for the Agency’s Five-Year (2009-10 through 2013-14) Implementation Plan. The Compliance Plan incorporates an update of the Agency’s affordable programs and housing production activities since 2004, and presents an affordable housing production plan for housing projects over the remainder of the ten-year compliance period. 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 low and moderate income persons or families over the second five year period (2009-10 through 2013-14) of the required ten year period covered by this Compliance Plan (fiscal years 2004-05 through 2013-14). It also projects future affordable housing needs for the next ten year period (2014-15 through 2023-24) and until the termination of the Redevelopment Plans. This Compliance Plan collectively covers 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 This Compliance Plan specifically reviews the need for affordable housing within the community as it relates to the Agency’s obligations under the CRL. It also acknowledges that the Agency has additional obligations for affordable housing agreed to under the Stipulation. This Compliance Plan was adopted along with the Implementation Plan by the Agency following a duly noticed public hearing held November 12, 2009. Background The City Council of the City of Palm Desert (“City”) took action in October of 1974 to establish the Palm Desert Redevelopment Agency by adopting Ordinance No. 53. With this action the City embarked on a comprehensive effort to eliminate blighting and a dverse 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 7 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 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. The Agency is governed by a five-member board which consists of all the members of the City Council. The Mayor who is appointed by the City Council acts as the Chairperson for the Agency. The Redevelopment Plans have been amended from time to time to ensure compliance with the CRL. Most recent amendments eliminated the time limit to incur debt and extended the life of the Project Areas and their term to collect tax increment by an additional year. It should be noted that the Agency does not have eminent domain authority. The following table summarizes the financial and time limitation of each of the Project Areas’ Redevelopment Plans. 8 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Redevelopment Plan Limitations Table 1 Plan Limits Project Area No. 1 Original Area Project Area No. 1 - Added Territory Project Area No. 2 Project Area No. 3 Date of Adoption July 16, 1975 November 25, 1981 July 15, 1987 July 17, 1991 Effectiveness of Plan1 & 2 July 16, 2016 November 25, 2022 July 15, 2028 July 17, 2032 $800,000,0004 $1,534,916,881 (2009 adjusted for CPI) $150,000,0009 $287,796,915 (2009 adjusted for CPI) Time Limit to Incur Debt11 Eliminated Eliminated Eliminated Eliminated Time Limit on Receiving Tax Increment and Paying Indebtedness1 & 2 July 16, 2026 November 25, 2032 July 15, 2038 July 17,2042 $360,000,0005 $100,000,000 $135,000,00010 10 The Redevelopment Plan for the Project Area No.4 places a cap on total bonded indebtedness,which may be outstanding at any one time at $135 million.Such net limitation is exclusive of (1)the amount of any bonded indebtedness issued on behalf of or the proceeds of which are used for the benefit of the taxing agencies to alleviate financial burden,or detriment made by the Agency pursuant to Section 512 of the Redevelopment Plan;and (2) the amount of any bonded indebtedness payable from any monies deposited in the Agency’s Low and Moderate Income Housing Fund. 11 City Council adopted Ordinance No.1035,1036,1062,and 1063 amending the Redevelopment Plans for Project Areas No.1,2 ,3 &4,respectively,to eliminate the time limit to incur debt, pursuant to Senate Bill 211(Statues of 2001 Chapter 741), which was enacted into law in 2001. 3 Per the Sixth Amendment to the Redevelopment Plan for the Added Territory of Project Area No.1,which set a limit of $200 million to the Added Territory's bonded indebtedness and $500 million to the Added Territory's total tax increment,the Added Territory's tax increment 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. 8 Per the Sixth Amendment to the Redevelopment Plan for Project Area No.1 for the Added Territory adopted on January 24,1991,the Bonded Debt Cap is exclusive of bonds issued to finance the acquisition of land, construction of buildings, facilities, structures or improvements for taxing agencies. 4 The total tax increment limit for Project Area No.2 is $800 million,adjusted annually based upon the Consumer Price Index (“CPI”).This limit is expressed in 1987 dollars and is adjusted in accordance with the changes in the region’s CPI . Expressed in current dollars, the limit is $1,546,449,418. 7 At the time of the Adoption of the Original Area of Project No.1 there was no requirement for the Redevelopment Plan to have a Bond Debt Limit.This requirement for older redevelopment plans has not been changed. 1 Pursuant to Assembly Bill 1290 all pre 1994 redevelopment projects were required to adopt specific time limitation.On December 8,1994 the City Council adopted Ordinances 765, 766, 767, and 768 establishing such limits for the Project Areas No. 1, 2, 3 & 4, respectively. 2 Pursuant to Senate Bill 1045 (Statutes of 2003,Chapter 260),which was enacted into law in 2003,the City Council adopted Ordinances 1082,1083, 1084,and 1085 on December 9,2004 to extend the Redevelopment Plan effectiveness and the time period to collect tax increment of each Project Area No. 1, 2, 3 & 4, respectively, by one year. 9 The Redevelopment Plan for the Project Area No.2 sets a cap on total bonded indebtedness that may be outstanding at any one time of $150 million. The Plan also provides for the annual adjustment of the bonded indebtedness cap,expressed in 1987 dollars,in accordance with the changes in the region’s CPI. Expressed in current dollars, the cap is set at $289,959,266. 5 Project Area No.3 has a net tax increment of limitation of $360 million.Net tax increment is gross tax increment less amounts that are passed through to taxing agencies and amounts set-aside into the Agency's Low and Moderate Income Housing Fund. 6 The total gross amount of tax increment revenue that may be allocated to the Agency from Project Area No.4 cannot not exceed $600 million. Additionally,the number of tax dollars,which may be divided and allocated to the Agency,also may not exceed the amount of $200 million,net of the funds required to be set-aside into the Agency Low and Moderate Income Housing Fund and payments to the Project Area’s taxing agencies pursuant to cooperative agreements.Both the $600 million gross cap and the $200 million net cap may not be changed except by amendment of the redevelopment plan for the Project Area. Project Areas Project Area No. 4 July 19, 1993 July 19, 2034 July 19, 2044 Tax Increment Dollar Limit $758,000,000 $500,000,0003 $600,000,000-Gross $200,000,000-Net6 Eliminated Bonded Debt Limit None7 $200,000,0008 9 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 The following map illustrates the location and boundaries of the Project Areas with the City. 10 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 LEGAL REQUIREMENTS The required housing portion of this Implementation Plan (Housing Compliance Plan) serves as a blueprint for current and future Agency activities to meet its affordable housing production and other responsibilities. This Compliance Plan 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 CRL. Specifically, it presents a reconciliation of the Agency’s replacement housing obligations. It provides a forecast of the number of housing units that are or will be reserved and affordable to very low, low and moderate income persons or families over the second five years of the ten year planning period (fiscal years 2009-10 through 2013- 14), the next ten year period and until the termination of the Redevelopment Plans. The Compliance Plan also addresses the requirement that at least 20% of all tax increment revenues allocated from the Project Areas are reserved and deposited into a special fund for increasing, improving and preserving the community supply of affordable housing dedicated to persons or families of low or moderate income.4 Such housing must additionally be made affordable to these targeted income groups at affordable housing costs as defined by the California Health and Safety Law.5 The Compliance Plan must disclose the current balance and projected annual deposits of set-aside and other revenue into the Housing Fund for the Plan’s five year period. It must enumerate the Agency’s Housing Program and show annual estimates of Housing Fund expenditures. It must provide descriptions of how the Agency’s Housing Program shown in the Compliance Plan will expend Housing Funds to meet the CRL’s targeting requirements by household types (very low income, low income, moderate income and persons regardless of age) proportionate to community need. The Compliance Plan must show the amounts of Housing Funds used over the last five years to assist extremely low, very low, and low income units. It must identify the number, location, and level of affordability of newly constructed units with other locally controlled government assistance (no redevelopment agency assistance) that are required to be affordable to, and occupied by, low, very low, or extremely low income persons for 55 years (rental) or 45 years (for-sale). Finally it must provide the number, location, level of affordability, and amount of Housing Funds used to assist units available to all persons regardless of age over the last five years. 4 The CRL 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. 5 Section 50052.5 of the California 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 110% for rental projects) of the County median household income. Affordability amounts under the Stipulation for Very Low Income are 25% of 50%. 11 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 HOUSING PROGRAM GOALS & OBJECTIVES The Agency’s Goals for the term of this Compliance Period 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 the Law. § To leverage the Agency’s Housing Funds with other resources in order to promote affordable housing. § To ensure 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. Objectives of the Compliance Plan § Provide an assessment of the Agency’s compliance with all aspects of the CRL’s various affordable housing requirements and replacement housing requirements, including current and future need for inclusionary units and the use of housing s et- aside funds. § Account for the number of affordable dwelling units, either constructed or substantially rehabilitated, in the Project Areas since adoption; 12 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 § Forecast the estimated number of dwelling units to be privately developed or substantially rehabilitated between fiscal years 2009-10 to 2013-14, 2014-15 to 2024-25 and over the duration of the Redevelopment Plans; § Forecast the estimated number of dwelling units to be developed or substantially rehabilitated by the Agency between fiscal years 2009-10 to 2013-14, 2014-15 to 2024-25 and over the duration of the Redevelopment Plans; § Account for any low or moderate income housing units destroyed through the Agency’s implementation of the Redevelopment Plans; § Verify the number and type of replacement units provided by the Agency in response to any units destroyed through Agency action; § Provide estimates of the amount of Housing Fund revenues available to fund affordable housing production; § Establishment of a timeline for implementing this Compliance Plan to ensure that the requirements of CRL Section 33413 are met during the five year period between fiscal years 2009-10 through 2013-14;and § To confirm the consistency of Agency affordable housing goals, objectives, and programs pursuant to the City of Palm Desert’s current Housing Element. 13 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 HOUSING ACCOMPLISHMENTS The Public Value & Benefit of Redevelopment During the last five years, the Agency has developed many numerous housing projects and implemented many successful housing programs within the Project Areas and the City. Below are descriptions of just a few of these programs. A detailed listing of all the housing projects and programs completed in the Project Areas is provided in Table 1 on the following page. Falcon Crest / La Rocca Villas The project is a blended affordable development of 93 for-sale single family homes and 27 senior rental units, developed with the intention of encouraging social, economic, and household composition diversity. The Agency assisted in the development and helped subsidize rents and sales of the units which are all affordable. Sagecrest Senior Apartments The Agency acquired the existing 14 unit property in order to increase the availability of affordable units in the City. California Villas Acquisition / Renovation The Agency acquired the property in 2003 and renovated an existing multi-family complex that exhibited substandard conditions. The complex has 141 units which are available to very low, low and moderate income households. 14 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Sares Regis-Enclave (64 units) As part of a density bonus, the Agency entered into agreements with a private developer in 2004 to include affordable housing throughout the development. Laguna Palms Acquisition / Renovation The Agency acquired the property in 2003 and renovated an existing multi-family complex that exhibited substandard conditions. The complex has 48 units which are available to very low, low and moderate income households. Palm Village Acquisition/Construction Agency funds were used to construct a new 36 unit multi-family affordable housing complex, available to very low and low-income households Habitat for Humanity The Agency donated property to Habitat for Humanity to provide housing to very low and low-income households in exchange for an affordable restriction placed on the property. 15 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Table 1 provides a detailed listing of the Agency’s housing accomplishments between FY2004- 05 through FY2008-09. Agency Housing Accomplishments Table 2 2004-05 through 2008-09 Project Name Project Description/Highlights Completion Date Total Gross Expenditure Desert Pointe Improvements Agency funds were used to upgrade the interior hallways to eliminate health and safety electrical concerns and to enhance a wall façade in order to decrease the damage from tenant ingress and egress. March 2005 $156,636 One Quail Place Carports The Agency replaced the deteriorated carport roof system at a 384 unit affordable housing complex owned by the Agency.The units are available to very low,low and moderate-income households. June 2006 $503,255 Candlewood The Agency acquired this existing 30 unit property in order to eliminate their "at risk" affordable housing units status.July 2006 $3,253,759 Hill Property The Agency acquired a blighted property adjacent to Country Village Apartments for expansion of the availability of affordable housing. November 2006 $1,890,998 One Quail Place Signage Agency funds were used to improve signage which will enhance safety vehicle site identification as well as provide better access to the site. June 2007 $41,366 Sagecrest 1 The Agency acquired this existing 15 unit property in order to increase the availability of affordable units in the City.February 2008 $1,909,878 Falcon Crest/La Rocca Villas The project was a blended affordable development of 93 for-sale single family homes and 27 senior rental units which was developed with the intention of encouraging social,economic,and household composition diversity. The Agency assisted in the development and helped subsidize rents and sales of the affordable units. April 2008 $31,960,876 Homebuyer Subsidies- Falcon Crest The Agency provided first-time homebuyer assistance to restricted income households for a 93 units for sale development. April 2008 $3,228,001 Habitat for Humanity The Agency donated property to Habitat for Humanity to provide housing to very low and low-income households.May 2008 $254,067 Laguna Palms Acquisition/Renovation The Agency acquired the property in 2003 and renovated an existing multi-family complex that exhibited substandard conditions.The complex has 48 units which are available to very low,low and moderate income households. June 2008 $10,328,950 16 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Agency Housing Accomplishments Table 2 2004-05 through 2008-09 (Cont.) Project Name Project Description/Highlights Completion Date Total Gross Expenditure Palm Village Acquisition/Construction Agency funds were used to construct a new 36 unit multi- family affordable housing complex,available to very low and low-income households.In addition to Agency funds, $600,000 of HOME funds were used to assist with this project. November 2008 $8,342,909 Sagecrest Sr The Agency acquired the existing 14 unit property in order to increase the availability of affordable units in the City.February 2009 $2,160,639 California Villas Acquisition/Renovation The Agency acquired the property in 2003 and renovated an existing multi-family complex that exhibited substandard conditions.The complex has 141 units which are available to very low,low and moderate income households. June 2009 $16,592,219 Country Village Acquisition/Renovation The Agency acquired the property in order to maintain the property's viability and to increase the affordable housing in the City.The existing 66 units have been deconstructed and the Agency has relocated the affected tenants in anticipation of a proposed project consisting of approximately 72 affordable residential units. In Progress $5,140,783 Taos Palms Renovation The Agency is funding the redesign for interior renovations of deteriorated apartment units which are available to very low,low,and moderate income households. In Progress $20,082 Compliance Programs The Agency has created programs to provide assistance to homebuyers,renters and residents that need home improvements or access to affordable housing. In Progress Acquisition, Rehabilitation, and Resale $1,641,236 Home Improvement Program $283,904 Rental Assistance $22,314 Resale Program $126,296 First Time Homebuyer Program $161,062 Developer Agreements for Affordable Housing Agreements between the Agency and private developers require implementation of affordable housing throughout their developments. On-Going Sares Regis-Enclave (64 units)Agreement Dated 8/10/2004 Unknown Falling Waters (49 units)Agreement Dated 4/16/2007 Unknown Vineyards (52 units + option for 51 additional units)Agreement Dated 3/27/2008 Unknown Bernard (4 units)Agreement Dated 10/22/2007 Unknown Emerald Brook (21 units)Pending Unknown L & T Investments (4 units)Agreement Dated 7/20/1989 Unknown Total Gross Expenditure 2004-05 through 2008-09:$88,019,230 Note: Gross Expenditures in Table 2 do not reflect loan receivables. 17 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 H OUSING COMPLIANCE PLAN CATEGORIES The housing component of a redevelopment agency’s implementation plan establishes ten- year objectives to achieve compliance with the housing requirements of CRL. The housing component (unlike the non-housing portion of an implementation plan) must address both a five and ten year period, setting forth an agency’s affordable housing projects and programs over these periods. Because of the examination of past efforts, future need and future expenditures and programs the document is commonly referred as the housing compliance plan or compliance plan. A compliance plan must address specific requirements that are set out in Section 33490 of the CRL which generally fall into three categories which will be addressed in the Compliance Plan. They are: 1. Housing Production – A redevelopment agency is required to ensure that a specific percentage of housing units are made available and affordable to low and moderate income households within a project area over the life of the redevelopment plan governing the project area. These required affordable units are typically referred to as “Inclusionary Units” and are based on the number of housing units constructed or substantially rehabilitated within a redevelopment project area over a five and ten-year period and the over the remaining effectiveness (term) of a redevelopment plan. 2. Replacement Housing – Another legal obligation of a redevelopment agency is to ensure that any housing units occupied by low or moderate income persons destroyed or removed as a result of an agency action are replaced within four years with a like number of units with the same total number of bedrooms for the specific income (or lower) groups being displaced. Potential projects must be identified as well as the replacement units or plans that will result in the replacement of the destroyed units. 3. Housing Fund & Expenditures by Household Types – A redevelopment agency is required to specify the amount of housing set-aside funds an agency must set aside and spend over a five and ten-year period on housing affordable to very low income households, low income households, and housing for residents regardless of age. 18 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 2010-2014 HOUSING GOALS & OBJECTIVES Community Reinvestment and Revitalization The following goals and objectives generally correspond to those included in the Redevelopment Plan for each of the Project Areas. These goals in conjunction with the Housing Goals and Objectives provided on the prior pages of this Compliance Plan formulate the overall strategy for this Compliance 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 and Coordinate Stakeholder Participation and Investment. To encourage the cooperation and participation of residents, businesspersons, public agencies, and community organizations in the revitalization of the Project Area. To encourage private sector investment in the development and redevelopment of the Project Area. To coordinate revitalization efforts in the Project Area with other public programs offered by the City and other public agencies. 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 Responsible Development For Our Community. To encourage the development of commercial and residential environments which positively relate to adjacent land uses, and upgrade and stabilize existing uses. 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. To expand the resource of developable land by making underutilized land available for redevelopment. Improve Community Facilities, Infrastructure, and Traffic Circulation. To provide needed improvements to the community's education, cultural and other community facilities to better serve the Project Area. To provide needed improvements to the utility infrastructure and public facilities that service the Project Area. To improve traffic circulation through the reconstruction and improvement of existing streets in the Project Area. To provide for necessary public parking to address parking deficiencies. Initiate Green Projects and Programs. To move energy conservation / efficiency objectives beyond discourse and demonstrates projects that achieve significant quantifiable energy reduction. To invest municipal resources in measurable sustainable programs. Provide and Improve Affordable Housing Opportunities. To improve housing and assist low and moderate-income persons and families to obtain homeownership. To promote the rehabilitation of existing housing stock where appropriate and promote development of quality, affordable housing. 19 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 HOUSING PROJECTS AND PROGRAMS FY 2009-10 through FY 2013-14 The Agency will continue implementation of affordable housing projects throughout the Project Areas and Citywide over the balance of the Compliance Period. The Agency’s housing production activities over the last five years have resulted in a substantial number of affordable housing units being created, reserved or produced. The Agency’s future housing activities will follow this Plan’s goals and objectives by continuing to concentrate efforts producing additional affordable units to meet the Agency’s inclusionary requirements. Future affordable housing implementation activities will fall into the following categories: 1. Multi-Family Housing Rehabilitation – The Agency will provide for both internal and external renovations and upgrades to deteriorated apartments. Improvements will be performed on units that are available to very low, low, and moderate income households. 2. Property Acquisition – The Agency will acquire property for the purpose of creating both single and multi-family affordable housing projects. The Agency will focus on acquiring dilapidated multi-family apartments complexes that can be rehabilitated for the purpose of affordable housing. 3. New Construction of Affordable Housing – The Agency may construct or may help finance housing projects yielding affordable housing units with restrictive covenants by providing developer subsidies. 4. Affordable Housing Subsidies – The Agency will provide subsidies to assist first time homebuyers purchasing affordable housing, assist property owners rehabilitating deteriorated affordable housing. Table 3 contains a specific list of programs and projects proposed by the Agency to meet affordable housing requirements during the remaining Compliance Period. Table 3 presents the anticipated expenditures, funding source, blight elimination, estimated timeframe, redevelopment goal achieved by each of the projects and programs listed. Each project and program will assist in increasing the availability of affordable units in the City. 20 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Proposed Housing Projects and Programs Table 3 2009-10 through 2013-14 Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Taos Palms Rehabilitation Agency funds will provide for the design of interior renovations to deteriorated apartment units which are available to very low,low,and moderate income households. Unsafe or unhealthy buildings & Affordable housing December 2009 $500,000 Bonds Calif. Villas Landscape The landscape renovation project will address all exterior site improvements including the incorporation of drought tolerant landscaping,ADA accessibility throughout the site,site lighting, parking lot improvements,installation of carports and a new maintenance facility. Conditions that prevent or substantially hinder the viable use or capacity of a building or lot & Public improvements & Affordable housing December 2009 $3,347,004 Cash / Bonds Palm Village Apts Agency funds will provide for additional capital improvements to finish the site. Affordable housing June 2010 $633,288 Cash / Bonds Self Help Housing (20 Acre Site) The Agency Staff is requesting approval from the Agency Board to go begin the Request for Proposal process for the development of 14-Self Help homes at Merle Street.The 14 parcels were identified as part of a master site that identified Falcon Crest,La Rocca Villas, and the Hovely Gardens development. Affordable housing June 2012 $1,400,000 Cash Desert Pointe This project will upgrade deteriorating conditions at one of the Agency's affordable housing properties. Unsafe or unhealthy buildings & Affordable housing June 2012 $4,000,000 Cash / Bonds Catalina Rehabilitation This project will upgrade deteriorating conditions at one of the Agency's affordable housing properties. Unsafe or unhealthy buildings & Affordable housing June 2013 $500,000 Cash 21 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Proposed Housing Projects and Programs Table 3 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Sagecrest The Agency will fund the rehabilitation of this existing 15 unit property Affordable housing June 2013 $6,000,000 Cash Down Payment Assistance (Indian Springs) Agency funds will be used to assist in providing for the installation of infrastructure to facilitate the implementation of a sewer system in a residential development that includes low and moderate income households.Funds will also provide down payment assistance to qualified residents who prefer to purchase their units. Inadequate utilities & Depreciated or stagnant property values & Affordable housing June 2014 $5,000,000 Cash Buy-Down Subsidies This program will provide subsidies to developers or first time homebuyers for the provision of affordable housing. Affordable housing June 2014 $21,075,578 Cash Falcon Crest II (1st year only)This program will provide subsidies to first time homebuyers for the provision of affordable housing. Affordable housing June 2014 $5,262,587 Cash Land/Property Acquisition The Agency will acquire property for the purpose of affordable housing opportunities. Affordable housing June 2014 $17,665,000 Cash / Bonds / Unfunded Multi-Family Acquisition The Agency will acquire existing multi-family residential properties to up uphold its primary goal to provide decent,safe,sanitary,and affordable housing as well as to preserve and improve the existing older neighborhoods in the City of Palm Desert. Affordable housing June 2014 $40,000,000 New Bonds Carlos Ortega Villas Consruction Agency funds will be used to finance the construction of approximately 70 units for the purpose of affordable housing. Affordable housing June 2014 $20,000,000 Cash / Bonds 22 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Proposed Housing Projects and Programs Table 3 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Multi-Family Improvement Program The Agency will provide assistance to qualified duplex and triplex owners for improvements and maintenance for affordable housing. Conditions that prevent or substantially hinder the viable use or capacity of a building or lot & Affordable housing Ongoing Program $103,040 Cash PDHA Properties Subsidies The Agency will provide subsidies to cover operations shortfalls for Agency owned affordable housing complexes. Affordable housing Ongoing Program $125,026 Cash Acquired Unit Subsidies The Agency will continue to offer subsidies for the purpose of providing affordable housing. Affordable housing Ongoing Program $206,080 Cash Acquisition Rehabilitation and Resale The Agency will acquire dilapidated properties and rehabilitate them for the purpose of increasing or preserving affordable housing. Affordable housing Ongoing Program $1,470,266 Cash Preservation of At-Risk Units The Agency will continue to improve and maintain blighted properties for the purpose of increasing or preserving affordable housing. Affordable housing Ongoing Program $226,080 Cash Home Buyer Assistance Program The Agency will continue to provide assistance to restricted income households for the purpose of affordable housing. Affordable housing Ongoing Program $1,881,160 Cash Rental Assistance Program/Relocation This program provides assistance to very low and low-income households for the purpose of affordable housing,as well as for providing relocation benefits where appropriate. Affordable housing Ongoing Program $1,216,655 Cash 23 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Proposed Housing Projects and Programs Table 3 2009-10 through 2013-14 (Cont.) Project Name Description Blighting Condition Addressed Anticipated Completion Anticipated Expenditure Source Redevelopment Goal Achieved Mortgage Assistance Program This program provides assistance to qualified homebuyers and homeowners for the purpose of mortgage affordability,and reduction in foreclosures and defaults. Affordable housing Ongoing Program $113,040 Cash Home Improvement Program This program offers a variety of grants and loans to qualifying households that would otherwise not be available to maintain and improve the current housing condition or help with code violations. Affordable housing Ongoing Program $768,241 Cash 24 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 HOUSING PRODUCTION The Agency’s inclusionary housing unit need was initially established by a detailed review of housing units built or substantially rehabilitated in the Project Areas from adoption through June of 1994. Additionally, projections of units to be built or substantially rehabilitated from July of 1994 through June of 2004 were developed and utilized in the first Compliance Plan adopted by the Agency in December of 1994. Since 1994, the 1999 and 2004 Compliance Plans have reassessed and updated both the number of units constructed as well as those anticipated to be developed or substantially rehabilitated over the various five, ten year and remaining life of each of the Project Areas to establish and update the Agency’s inclusionary housing production unit need. To update the number of housing units that need to be affordable to low or moderate income households, the Agency determined the total number of units constructed or substantially rehabilitated over the last five years within each of the Project Areas. Estimates of units to be newly constructed or substantially rehabilitated in future years were calculated and the required affordable units were determined by applying the formulas pursuant to the CRL. The following inclusionary housing analysis takes into account all residential construction or substantial rehabilitation that occurred within the Project Areas since their adoptions to determine affordable housing production needs. Housing production figures are calculated for existing residential construction and substantial rehabilitation, and include projections for the number of additional dwelling units to be constructed or substantially rehabilitated during the Compliance Period, the next ten years, and over the life of the Project Areas. The following narrative defines "new construction" and "substantially rehabilitated" as required by CRL, as well as describes the methodology used for collecting data on both existing and projected housing units for completion of the Compliance Plan. New Construction - The Agency and City Planning staff provided the original construction statistics used in prior Housing Compliance Plans. Because the 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”. Counts of new dwelling units developed from 2005 through 2009 were based upon Certificates of Occupancy and Final Inspection records of the City’s Building and Safety Department. Future Projections 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 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. Projections of substantially rehabilitated units have been included for the remaining Compliance Period based on the Agency’s proposed projects detailed in 25 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Table 11. No projections of substantially rehabilitated or Agency developed units have been included past the Compliance Period. Projections of future Agency developed and substantially rehabilitated units will be reevaluated at the midterm review and updated the preparation of future implementation plans. Agency Developed Units – Historically, the Agency has directly developed or rehabilitated dwelling units triggering the thirty percent (30%) affordable housing requirement of Section 33413(b)(l) of CRL. During the remaining term of the Project Areas, where appropriate, the Agency may directly develop or rehabilitate dwelling units to meet its inclusionary housing unit need. Additionally, 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. Privately Developed Units – Dwelling units constructed within the Project Areas by private developers will trigger the fifteen percent (15%) affordable housing requirement of Section 33413(2)(A)(i) of the CRL. Substantial Rehabilitation - The CRL, 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” (Section 33413(b) (2) (A) (IV)). As defined by CRL "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" (Section 33413(b) (2) (A) (iii)). Inclusionary Housing Production Requirements As previously described, Section 33413(b) of the CRL 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 periods as well as the period remaining on the life of the Redevelopment Plans, be affordable to low or moderate income households. CRL also requires that of the 30% Units, at least 50% of these and at least 40% of the 15% Units be specifically reserved for, and affordable to, very low income households. The affordable housing production requirements for this Compliance Plan should be met during the ten year period which ends on June 30, 2014. Table 3 summarizes the production requirements over various time periods as required by the CRL. The number of affordable units required is based on statutory thresholds. Pursuant to the CRL, the Agency is responsible for ensuring that the appropriate number of affordable units is created during the Compliance Period. Exhibit A provides a glossary of terms related to affordable housing covenants, affordability limits, and inclusionary unit satisfaction. 26 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Time Requirements for Affordability Restrictions Effective as of January 1, 2002, all units assisted by the Housing Fund including replacement housing units and inclusionary housing units must be affordable for 55 years for rental units or 45 years for owner-occupied units. Units assisted, rehabilitated or constructed prior to January 1, 2002 may have shorter time limits as provided by the CRL at the time of their production. Inclusionary Unit Need Estimation Tables 4 through 8 presented below provide documentation of the number of housing units produced or projected to be produced over the Compliance Periods as well as over the life of the Project Areas. The Tables also provide an assessment of the number of inclusionary units required to meet the standards of the CRL over the Compliance Periods as well as over the life of the Project Areas. Table 4 provides a summary of collective housing unit calculation for all of the Project Areas. Tables 5 through 8 provide separate details for each of the four Project Areas. Inclusionary Housing Obligation Table 4 Number of Units Total Units1 VL Units L/M Units Summary of All Project Areas Adoption Through 1994 5,121 778 314 464 1994 Through 2003-04 3,019 485 201 284 Adoption Through 2004 8,140 1,263 515 748 2004-05 Through 2008-09 686 126 56 70 2009-10 Through 2013-14 285 119 55 64 2004-05 Through 2013-14 971 245 111 134 2014-15 Through 2018-192 1,250 188 75 113 2019-20 Through End of Plan 1,424 214 85 128 All Project Areas Adoption through End of Plan 11,785 1,909 786 1,123 2 Units projected during next planning period. Housing Units Constructed or Substantially Rehabilitated (Inclusive of both Agency and Private Developed Units) Inclusionary Units Required 1 Number of inclusionary units required is calculated based on 15% of the privately developed units and 30% of the Agency developed units. 27 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Inclusionary Housing Obligation Table 5 Project Area No. 1 Number of Units Total Units1 VL Units L/M Units Date of Adoption Through 6-30-94 Agency Developed: Adoption through 6-30-94 (30% Requirement)64 19 10 9 Privately Developed: Adoption through 6-30-94 (15% Requirement)3,600 540 216 324 SUBTOTAL Date of Adoption Through 6-30-94 3,664 559.0 226 333 Agency Developed 1994-2004 (30% Requirement)68 20 10 10 Privately Developed 1994-2004 (15% Requirement)1,092 164 66 98 SUBTOTAL 1994-2004 1,160 184.0 76 108 TOTAL Adoption through June 20, 2004 4,824 743.0 302 441 Agency Developed 2004-05 thru 2008-09 2 (30% Requirement)36 11 5 5 Privately Developed 2004-05 thru 2008-09 (15% Requirement)233 35 14 21 SUBTOTAL 2004-05 Through 2008-09 2 269 46 19 26 Agency Developed 2009-10 through 2013-14 (30% Requirement)3 17.0 5 3 2 Privately Developed 2009-10 through 2013-14 (15% Requirement)50.0 8 3 5 SUBTOTAL Estimated 2009-10 through 2013-14 67 13 6 7 TOTAL 2004-05 through 2013-14 336 59 25 33 2014-15 through 2018-194 250 38 15 23 Through End of Plan (Orig. 2016, Added 2022)25 4 2 2 Project Area No. 1 Adoption Through End of Plan 5,601 843 344 499 2 This number includes 12 substantially rehabilitated units. 3 Includes the Sagecrest project. 4 Units projected during the next planning period. Inclusionary Units RequiredHousing Units Constructed or Substantially Rehabilitated 1 Number of inclusionary units required is calculated based on 15% of the privately developed units and 30% of the Agency developed units. Inclusionary Housing Obligation Table 6 Project Area No. 2 Number of Units Total Units1 VL Units L/M Units Date of Adoption Through 6-30-94 Agency Developed: Adoption through 6-30-94 (30% Requirement)0 0 0 0 Privately Developed: Adoption through 6-30-94 (15% Requirement)1,159 173.9 70 104 SUBTOTAL Date of Adoption through 6-30-94 1,159 174.0 70.0 104 Agency Developed 1994-2004 (30% Requirement)0 0 0 0 Privately Developed 1994-2004 (15% Requirement)238 35.7 14 21 SUBTOTAL 1994-2004 238 35.7 14.3 21 TOTAL Adoption through June 20, 2004 1,397 209.7 84.3 125.4 Agency Developed 2004-05 through 2008-09 (30% Requirement)0 0 0 0 Privately Developed 2004-05 through 2008-09 (15% Requirement)127 19 8 11 SUBTOTAL 2004-05 through 2008-09 127 19 8 11 Agency Developed 2009-10 through 2013-14 (30% Requirement)51 15 8 7 Privately Developed 2009-10 through 2013-14 (15% Requirement)30 5 2 3 SUBTOTAL Estimated 2009-10 through 2013-14 81 20 10 10 TOTAL 2004-05 through 2013-14 208 39 18 21 Privately Developed 2014-15 through 2018-19 2 (15% Requirement)930 140 56 84 Thru End of Plan (2028)1,390 209 83 125 Project Area No. 2 Adoption Through End of Plan 4,164 597 241 355 2 Units projected during the next planning period. 3 Includes the Vineyards project. Housing Units Constructed or Substantially Rehabilitated Inclusionary Units Required 1 Number of inclusionary units required is calculated based on 15% of the privately developed units and 30% of the Agency developed units. 28 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Inclusionary Housing Obligation Table 7 Project Area No. 3 Number of Units Total Units1 VL Units L/M Units Date of Adoption Through 6-30-94 Agency Developed: Adoption through 6-30-94 (30% Requirement)0 0 0 0 Privately Developed: Adoption through 6-30-94 (15% Requirement)80 12 5 7 SUBTOTAL Date of Adoption through 6-30-94 80 12 5 7 Agency Developed 1994-2004 (30% Requirement)2 1 1 0 Privately Developed 1994-2004 (15% Requirement)541 81 32 49 SUBTOTAL 1994-2004 543 82 33 49 TOTAL Adoption through 2004 623 94 38 56 Agency Developed 2004-05 through 2008-09 (30% Requirement)120 36 18 18 Privately Developed 2004-05 through 2008-09 (15% Requirement)109 16 7 9 SUBTOTAL 2004-05 through 2008-09 229 52 25 27 Agency Developed 2009-10 through 2013-14 (30% Requirement)3 45.0 13.5 6.8 7.0 Privately Developed 2009-10 through 2013-14 (15% Requirement)10 2 1 1 SUBTOTAL Estimated 2009-10 through 2013-14 55 15 27 36 TOTAL 2004-05 through 2013-14 284 67 45 63 2014-15 through 2018-192 10 2 1 1 Through End of Plan (2032)3 0.5 0.2 0.3 Project Area No. 3 Adoption through End of Plan 920 163 84 120 2 Units projected during the next planning period. 3 Includes the Self Help Housing Merle Street and Canterra Phase II projects. Housing Units Constructed or Substantially Rehabilitated Inclusionary Units Required 1 Number of inclusionary units required is calculated based on 15% of the privately developed units and 30% of the Agency developed units. Inclusionary Housing Obligation Table 8 Project Area No. 4 Number of Units Total Units1 VL Units L/M Units Date of Adoption Through 6-30-94 Agency Developed: Adoption through 6-30-94 (30% Requirement)0 0 0 0 Privately Developed: Adoption through 6-30-94 (15% Requirement)218 33 13 20 SUBTOTAL Date of Adoption through 6-30-94 218 33 13 20 Agency Developed 1994-2004 (30% Requirement)141 42 21 21 Privately Developed 1994-2004 (15% Requirement)937 141 56 85 SUBTOTAL 1994-2004 1,078 183 77 106 TOTAL Adoption through 2004 1,296 216 90 126 Agency Developed 2004-05 through 2008-09 (30% Requirement)0 0 0 0 Privately Developed 2004-05 through 2008-09 (15% Requirement)61 9 4 5 SUBTOTAL 2004-05 through 2008-09 2 61 9 4 5 Agency Developed 2009-10 through 2013-14 (30% Requirement)3 72 21.6 11 11 Privately Developed 2009-10 through 2013-14 (15% Requirement)10 2 1 1 SUBTOTAL Estimate 2009-10 through 2013-14 82 24 12 12 TOTAL 2004-05 Thru 2013-14 143 33 16 17 2014-15 through 2018-194 60 9 4 5 Through End of Plan (2034)6 1 0 1 Project Area No. 4 Adoption Through End of Plan 1,505 259 110 150 2 This number includes 12 substantially rehabilitated units. 3 Includes the Country Village project. 4 Units projected during the next planning period. 1 Number of inclusionary units required is calculated based on 15% of the privately developed units and 30% of the Agency developed units. Housing Units Constructed or Substantially Rehabilitated Inclusionary Units Required 29 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Aggregation of Affordable Units Among All Project Areas Section 33413 (b)(2)(A)(v) of the CRL 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.” Status of Agency’s Inclusionary Housing Production Table 9 presents reconciliation of the Agency’s affordable housing production requirement for the prior and the remaining Compliance Period, as well as over the next ten years, and the entire duration of each of the Project Areas. The information provided in Table 9 is based upon the housing production numbers presented in Tables 4 through 8 and the Agency’s inventory of affordable housing projects completed to date (detailed in Tables 10 and 11). Reconciliation of Affordable Housing Units Low/Mod VL Total Low/Mod VL Total Low/Mod VL 1st Ten Year Period (Inc. pre 94 Units) Plan Adoption through 19941 5,121 464 314 778 429 271 699 (36)(44) 1994-95 through 2003-04 3,019 284 201 485 311 328 639 27 127 1st Ten Year Total (Inc. pre 94 Units)8,140 748 515 1,263 740 599 1,338 (9)84 2nd Ten Year Period (2004-2014) 2004-05 through 2008-09 686 70 56 126 206 36 242 136 (20) 2009-10 through 2013-14 (Estimated)285 64 55 119 147 53 200 83 (2) (9)84 2nd Ten Year Period 971 134 111 245 353 89 442 210 62 5Yr Period- 2014-15 through 2018-19 1,250 113 75 188 0 0 0 (113)(75) 2019-20 through End of Plans2 1,424 128 85 214 0 0 0 (128)(85) 210 62 Total 11,785 1,123 786 1,909 (31)(99) Project No. 2: 2028, Project No. 3: 2032, Project No. 4: 2034. Table 9 Inclusionary Requirement (see Tables 4-8) Inclusionary Production (see Tables 10 & 11) Inclusionary (Need)/Surplus 2Duration of Redevelopment Plans are as follows: Original Project 1: 2016, Added Territory: 2022, Total New or Substantially Rehabilitated Units compliance period (1995-2004) was sufficent to meet this need. Surplus/(Deficit) from 1st Ten Years Estimated 2014 through End of Plans Surplus/(Deficit) from 2nd Ten Years 1This inclusionary housing unit deficit was created in the Pre 1994 period. The Agency's housing production in the first ten year As shown in Table 9 and based upon projections, the Agency anticipates a surplus of 210 low and moderate income units and a surplus of 62 very low income units at the end of this ten year period of the Compliance Plan. Details of production of affordable housing units for the first five year period and the current and second five year period of this Compliance Plan is shown in Table 11. Inventory of Inclusionary Units As previously described, Section 33413(b) of the CRL requires that not less than 30% of any Agency-developed units or 15% of privately developed units must be made affordable to low 30 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 and moderate income households. Table 10 below details the Agency’s production or reservation of affordable housing units through June 2004. Inclusionary Housing Projects Table 10 Total Credited Total Credited Total Credited PC-A One Quail Place 384 384 133 133 191 191 60 60 Full PC-A Pueblos 15 15 13 13 1 1 1 1 Full PC-A Neighbors 24 24 14 14 3 3 7 7 Full PC-A Catalina Gardens 72 72 49 49 8 8 15 15 Full PC-A Las Serenas1 123 61.5 71 35.5 21 10.5 31 15.5 50% NC CV Self Help Housing 11 11 0 0 11 11 0 0 Full SR-A Desert Pointe 64 64 26 26 14 14 24 24 Full RC-A San Tropez 103 51.5 0 0 103 51.5 0 0 50% RC Shadow Hills Estates 6 6 0 0 0 0 6 6 Full RC Shadow Hills Estates 10 10 0 0 0 0 10 10 Full 812 699 306 270.5 352 290 154 138.5 Total Credited Total Credited Total Credited SR-A Santa Rosa Apartments 20 20 20 20 0 0 0 0 Full PC-A Taos Palms 16 16 12 12 3 3 1 1 Full MH-OU Portola Palms Mobile Home Pk 39 39 29 29 6 6 4 4 Full NC Desert Rose SF Homes 161 161 24 24 105 105 32 32 Full NC Building Horizons SF Homes 2 2 0 0 2 2 0 0 Full NC Habitat for Humanity 3 3 3 3 0 0 0 0 Full NC Rebecca Road 2 2 0 0 2 2 0 0 Full SR-A California Villas 141 141 97 97 26 26 18 18 Full SR-A Laguna Palms 48 48 27 27 5 5 16 16 Full NC Hovely Gardens 130 130 62 62 67 67 1 1 Full MA-A Candlewood 26 26 23 23 0 0 3 3 Full NC Villas on the Green 15 15 0 0 8 8 7 7 Full NC Canterra Phase 1 31 31 31 31 0 0 0 0 Full NC Pacific Assisted Living 2 2 0 0 2 2 0 0 Full RC 74-047 San Marino Circle 1 1 0 0 0 0 1 1 Full NC River Run One 2 2 0 0 2 2 0 0 Full 639 639 328 328 228 228 83 83 Notes: NC: Units created by new construction RC: Restricted covenants imposed as a condition of development OU: Home ownership assistance SR: Units created through the rehabilitation of existing units with the imposition of affordability covenants MA: Maintain affordability of income-restricted units 1 Las Seranas contains 24 units that will be counted as replacement houisng units for the Country Villages and have not been included. Source: Palm Desert Redevelopment Agency SUBTOTAL SUBTOTAL PC/PC-A: Affordable units created from existing units through the purchase of units with affordability covenants. "A" indicates units are owned by Agency. Project Type Number of Moderate Units Plan Adoption through 1994 Number of Low Units Full or 50% Credit July 1994- June 2004 Project Name Total Affordable Units in Project Number of VL Units Total Units Credited The Agency anticipates development of affordable housing projects in the Project Areas over the Compliance Period that may result in sufficient units to meet the housing production requirements, thereby achieving these housing production requirements. Table 11 below 31 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 details the Agency’s affordable housing units created during the first five year period of the Compliance Plan as well as units projected to be built, rehabilitated or reserved during the final five year period of this 10 Year Plan. Legislative changes to the CRL in 2006 require the Agency to publish on the City’s website a list of all inclusionary units created by the Agency. A complete list of inclusionary housing units covenanted to the Agency may be found on the Agency’s website at http://www.cityofpalmdesert.org/Index.aspx?page=504. Inclusionary Housing Projects Table 11 2004-2009 Total Credited Total Credited Total Credited 1 NC - SR-A Palm Village Apartments: Substantial Rehab 12 units and addition of 24 units 36 36 18 18 18 18 0 0 Full 2006 3 NC-A La Rocca Villas 27 27 13 13 14 14 0 0 Full 2008 1 MA-A Sagecrest Senior 14 14 3 3 10 10 1 1 Full 2009 3 NC-OU Falcon Crest 93 93 0 0 13 13 80 80 Full 2008 2 RC The Vineyards 52 52 0 0 0 0 52 52 Full 2009 N/A RC The Enclave (Sares Regis)28 14 0 0 0 0 28 14 50%2007 1 MA-A Candlewood 4 4 0 0 4 4 0 0 Full 2007 1 NC-OU Habitat for Humanity 1 1 1 1 0 0 0 0 Full 2006 4 NC-OU Habitat for Humanity 1 1 1 1 0 0 0 0 Full 2007 256 242 36 36 59 59 161 147 2010-2015 Total Credited Total Credited Total Credited Total Credited Total Credited Total Credited 3 NC Self Help Housing Merle Street 14 14 14 14 0 0 0 0 Full 2011 N/A RC Emerald Brook 21 10.5 0 0 0 0 21 10.5 50%2012 3 RC Canterra Phase II 31 31 0 0 31 31 0 0 Full 2012 2 PC The Vineyards 51 51 0 0 0 0 51 51 Full 2014 1 PC-A Sagecrest 17 17 7 7 9 9 1 1 Full 2014 N/A NC Habitat for Humanity 2 2 2 2 0 0 0 0 Full 2014 N/A NC Cooperative 2 2 0 0 2 2 0 0 Full 2014 4 NC-A Carlos Ortega Villas 72 72 30 30 30 30 12 12 Full 2013 200 53 53 72 72 85 74.5 Notes: NC: Units created by new construction RC: Restricted covenants imposed as a condition of development OU: Home ownership assistance SR: Units created through the rehabilitation of existing units with the imposition of affordability covenants MA: Maintain affordability of income-restricted units Source: Palm Desert Redevelopment Agency PC/PC-A: Affordable units created from existing units through the purchase of units with affordability covenants. "A" indicates units are owned by Agency. Project Name Total Affordable Units in Project Total Units Credited SUBTOTAL SUBTOTAL Project Area Project Type Full or 50% Credit Number of Moderate Units Estimated FY of Completion Total Units in Project Total Units Credited Number of VL Units Number of Low Units Project Area Project Type Project Name Full or 50% Credit FY of CompletionNumber of VL Units Number of Low Units Number of Moderate Units 32 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 REPLACEMENT HOUSING The CRL requires that whenever housing occupied by low and moderate income persons or households are destroyed as part of a redevelopment agency action; 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 units must be affordable to the same (or lower) income categories (i.e. very low, low, and moderate) as those removed. Redevelopment agencies receive full credit for replacement units created within the community whether inside or outside of a project area6. The Palm Desert Redevelopment Agency has actively pursued redevelopment and the provision of affordable housing. To that end the Agency has during the last five years removed low and moderate income units in the context of providing additional affordable housing. Specifically, 66 units, consisting of 56 very low, low, and moderate income housing units , from the Country Village apartments were removed and deconstructed . Pursuant to the CRL, the Agency is required to replace these units within four years of their removal. These 56 units include 56 bedrooms that must be replaced. The Agency had several options available to provide the required replacement, including acquisition, rehabilitation, new construction, and the allocation of “banked” dwelling units from prior development activity. The Agency in compliance with the CRL adopted a Replacement Housing Plan for the Country Village Senior Apartments Project which outlined the measures that the Agency would take to ensure that the replacement housing is completed within the four year time period. Table 12 illustrates how the Agency anticipates satisfying replacement housing needs generated by the removal of Country Village apartment units. The Agency anticipates creating 90 replacement units with a total of 117 replacement bedrooms through the eight projects detailed in Table 12. The Agency’s actions as detailed in Table 12 confirm that it will meet the anticipated replacement housing obligation. Additionally, housing produced as part of replacement activities will create a surplus of one very low and 13 moderate income units (14 units total) created by the replacement units. There will also be a surplus of 61 bedrooms generated by the replacement units. Creation of the replacement units have been completed with the exception of Bernard and Emerald Brook projects, which have been approved and will begin construction soon. The Agency does not currently anticipate demolishing or removing any other low or moderate income housing units during the remaining Compliance Period. However, should a project arise that requires the removal of such units the Agency will follow CRL procedure by adopting a replacement housing plan that ensures replacement of the units within the time period prescribed by the CRL. 6 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. 33 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Replacement Housing Obligations Table 12 Units Removed Country Village 66 56 56 10 20 26 Replacement Units Las Serenas 24 24 10 14 Bernard 4 4 2 2 Sares Regis (1B units)19 19 19 Sares Regis (2B units)17 34 17 L and T Investments 4 4 4 Carel, Lee and Sandra (2B unit)1 2 1 Emerald Brook/W NRA (1B units)12 12 12 Emerald Brook/W NRA (2B units)9 18 9 Total Replacement Units 90 117 11 20 59 Source: Palm Desert Redevelopment Agency Very Low Income Units Low Income Units Moderate Income Units Project Total Units VL, L, Mod Income Units Total No. of Bedrooms 34 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 H OUSING F UND Five Year Work Plan Budget 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 (the Housing Fund). The CRL requires that these funds be used to increase, improve, and preserve the community’s supply of affordable housing available, to persons and families of very low, low, and moderate incomes. Other sources of Housing Fund revenues include interest earnings, bond proceeds, land sale proceeds, grants, and loan repayments. Table 13 presents the Agency’s Housing Fund, five-year projected cash flow for housing activities during the remaining Compliance Period. Housing set-aside tax increment revenue is deposited from all four Project Areas into the Housing Fund. Tax increment revenue shown in Table 13 is the 20% housing set-aside revenue generated from the total tax increment received by the Agency. Tax increment revenue projections were based off conservative growth rates, reflective of the current market conditions. Other sources of Housing Fund revenues include interest earnings, land sale proceeds, grants, and loan repayments. Available bond funds and expenditures have also been included in the cash flow analysis. The Agency has previously issued tax allocation bonds secured by its housing set-aside revenues. This action was taken to ensure that sufficient capital was available to the Agency to advance its housing projects and programs. Expenses shown in the Housing Fund’s cash flow shown on Table 13 include bond debt service payments, administrative fees, and projected project/program costs. The cash flow analysis indicates that Agency will have a positive cash flow during the Compliance Period and there is sufficient revenue to support all proposed projects and programs. Due to the State’s effort to take redevelopment funds to balance the State Budget, the Agency may be required to make Educational Revenue Augmentation Fund (“ERAF”) payments during the planning period. In 2008-2009 the State of California approved the budget contingent upon a $350 million shift of Tax Increment monies from Redevelopment Agencies to be applied to ERAF. This amounted to a $5,250,496 payment from the Agency to fund the ERAF shift. The California Redevelopment Association filed a lawsuit on behalf of all redevelopment agencies asserting that the take from redevelopment was unconstitutional based on the Law. On April 30, 2009 a superior court judgment in favor of redevelopment agencies was rendered, affirming that the take was unconstitutional and therefore illegal. The State appealed the decision but subsequently dropped its appeal. The State of California approved the FY2009-2010 budget relying on a $2.05 billion ERAF shift from redevelopment agencies over the next two years. The additional shift to ERAF (referred to as the Supplemental Educational Revenue Augmentation Fund or “SERAF”) is estimated to result in a payment of $25,502,408 in 2009-2010, and $5,250,496 in 2010-2011 from the Agency. Within the budget, there is a provision by which the Agency has the option to suspend the 2009-2010 20% housing set-aside contribution in order to assist the SERAF shift in that year; however the loan will need to be repaid by June 30, 2015. The loan could 35 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 potentially delay many of the housing programs and projects anticipated over the next five year period. While the California Redevelopment Association believes this shift of tax increment from redevelopment falls under the same circumstances as the previous attempt, the Agency potentially could lose up to $30 million to SERAF shifts over the next two years. These shifts of dollars from redevelopment will severely impact the Agency’s ability to complete many of the projects both committed and anticipated over the next five year period. The California Redevelopment Association has filed another lawsuit in an effort to thwart this and future takes from redevelopment. HOUSING FUND CASH FLOW ANALYSIS FISCAL YEAR 2010-2014 Table 13 870 2010 2011 2012 2013 2014 BOND FUNDS 5-Year Total Beginning Balances (July 1st)38,103,528 32,567,510 19,953,848 14,648,690 13,002,443 25,536,590 Housing Set Aside - Combined 16,972,910 16,633,452 16,633,452 16,966,121 17,305,444 84,511,379 Other Income 778,071 397,332 272,628 221,038 294,049 1,963,118 Subtotal - Income 17,750,981 17,030,784 16,906,080 17,187,159 17,599,493 25,536,590 86,474,497 Debt Service 9,082,704 9,080,986 9,082,014 9,081,387 9,082,912 45,410,003 Administration 1,545,822 1,573,460 1,617,424 1,666,624 1,718,117 8,121,447 Programs/Projects2 12,658,473 18,990,000 11,511,800 8,085,396 8,471,540 25,378,948 85,096,157 Subtotal - Expenses 23,286,999 29,644,446 22,211,238 18,833,407 19,272,569 138,627,606 Revenue - Expenditures (5,536,018) (12,613,662) (5,305,158) (1,646,248) (1,673,076) 157,642 (52,153,109) Ending Cash Balance (June 30)32,567,510 19,953,848 14,648,690 13,002,443 11,329,367 157,642 11,487,009 1 Additional information on unfunded projects (land is partially funded) may be found on the Proposed Redevelopment Program List. Source: Palm Desert Redevelopment Agency REVENUE EXPENSES During the five-year period covered by this Plan, it is possible that the Agency will undertake some but not all of the listed projects. All costs and time frames listed for the programs and projects are estimates only and may differ from the actual costs and time frames. In the event that a program or a project is included in the list for one Project Area but is not included in the list of another Project Area (or other Project Areas), but the Agency later determines that the program or project would also benefit the latter, the Agency may use funds available from the latter Project Area (or Project Areas) to finance all or a portion of such program or project. Specific projects may also be modified or added depending on actual circumstances, including but not limited to changing needs of the Project Areas, actual costs of the projects and the availability of funding. 36 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 EXPENDITURES BY HOUSEHOLD TYPES Effective January 2002 and as amended in 2006, expenditures of housing set-aside revenues are subject to certain requirements imposed by the CRL. At a minimum, the Agency’s Housing Fund revenues are to be expended in proportion to the community’s need for low and moderate income housing.7 Additionally, expenditures for senior housing is limited. The community’s proportionate need is based on statistics from Southern California Association of Governments or “SCAG”, used by local government to meet state requirements for affordable housing by category, and the US Department of Housing and Urban Development’s (“HUD”) Comprehensive Housing Affordability Strategy (“CHAS”) allocation numbers. Based on the Community’s proportionate housing needs, the Agency’s Housing Fund dollars must be expended over the Compliance Period (as shown in Table 15) in a manner consistent with a minimum of 41% of the funds spent to assist very low income persons or households and at a minimum of 28% spent on low income persons or households. The remaining 31% may be allocated either to the combined very low, low or moderate income groups, but not to exceed this percentage spent on moderate income persons or households. The limitations or targeting requirements also address the amounts of Housing Fund dollars spent during the Compliance Period to assist all persons regardless of age in at least the same proportion as the number of low-income households with a member under the age of 65 bears to the total number of low income with in the Community. RSG has calculated the percentage of low income households and low income senior households based upon information taken from HUD’s CHAS for the City of Palm Desert (see Table 14 below). Based upon the current CRL regulations, the Agency is limited to expending a maximum of 46% of its Housing Funds during this Compliance Period on housing limited to Senior/Elderly Households. Table 14 LIMITATIONS ON FUNDS SPENT FOR SENIOR HOUSING Low Income Households1 Number of Households % of Total Elderly/Senior 2,670 46% Family Other 3,182 54% Total 5,852 100% 1 As computed from the US department of Housing and Urban Development's Comprehensive Housing Affordability Strategy ("CHAS") Table 15 represents the minimum and maximum Housing Fund expenditure thresholds for low and moderate income groups and the maximum Housing Fund expenditure thresholds for 7 Required proportions of funds to be expended are based upon the City’s Regional Housing Need as provided by Southern California Association of Governments. The number of units required for very low, low and moderate income households provide the basis for the targeting calculation as required by Section 33334.4 of the Redevelopment Law. 37 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 households 65 years of age, over the term of the Compliance Period. The chart specifically details the Agency’s Housing Fund expenditures during each of the five year periods that comprise the Compliance Period. This Compliance Plan represents the Agency’s overall plan to meet its housing obligations for the next five year period. The Projects and Programs detail constitute the Agency’s approach and plan to meeting the requirements of the CRL. The Agency anticipates meeting its Housing Fund targeting requirements by the end of the Compliance Period by implementing the projects and programs listed in Table 3. Housing Fund expenditures detailed in Table 13 have been allocated to projects and programs in accordance with targeting requirements. 38 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Income Targeting Category Requirement 2004-05 2005-06 2006-07 2007-08 2008-09 Expenditure3 %2009-10 2010-11 2011-12 2012-13 2013-14 Expenditure %Expenditure % Very Low 41%$147,349 $9,212,325 $280,880 $5,510,141 $8,327,564 $23,478,349 42%$7,105,176 $9,641,882 $6,645,765 $5,272,987 $5,427,694 $34,093,505 40%$57,571,854 41% Low 28%$461,857 $7,560,722 $142,695 $4,292,804 $4,749,123 $17,207,201 31%$4,655,220 $6,317,238 $4,354,220 $3,454,794 $3,556,156 $22,337,629 26%$39,544,830 28% Unrestricted (VL, L & M)1 31%$261,481 $1,285,518 $73,566 $12,285,973 $1,558,176 $15,464,715 28%$5,973,866 $8,106,669 $5,587,604 $4,433,405 $4,563,479 $28,665,023 34%$44,129,738 31% Total 100%$870,687 $18,058,566 $497,141 $22,088,918 $14,634,863 $56,150,265 100%$17,734,263 $24,065,790 $16,587,590 $13,161,186 $13,547,329 $85,096,157 100%$141,246,422 100% Age Targeting Category Requirement Expenditure3 % Expenditure %Expenditure % Non-Senior 54%$765,666 $14,696,960 $433,174 $18,353,283 $11,912,215 $47,051,875 84%$6,200,033 $8,413,583 $5,799,147 $4,601,251 $4,736,249 $29,750,263 35%$76,802,138 54% Senior1,2 46%$105,021 $3,361,606 $63,967 $3,735,635 $2,722,648 $9,098,390 16%$11,534,230 $15,652,207 $10,788,442 $8,559,935 $8,811,080 $55,345,893 65%$64,444,283 46% Total 100%$870,687 $18,058,566 $497,141 $22,088,918 $14,634,863 $56,150,265 100%$17,734,263 $24,065,790 $16,587,590 $13,161,186 $13,547,329 $85,096,157 100%$141,246,422 100% Source: SCAG, HUD, Palm Desert Redevelopment Agency 2004-05 to 2013-14 Table 15 3 Annual expenditures reflected during the 2004-05 through 2008-09 are felected based on unit completion date and may vary from actual year of expenditure. 2 Data of low income households under the age of 65 is not readily available from the Census. The nearest metric for such Census data represents households under the age of 62 (available via the Comprehensive Housing Affordability Strategy at 1 The targeting limits for Moderate Income Units and Senior Age Restricted Units are maximimum thresholds may not be exceeded for those categories. 2004-05 through 2013-14 Proportional Project and Program Expenditures 2004-05 to 2013-142009-10 to 2013-142004-05 to 2008-09 2004-05 to 2008-09 2009-10 to 2013-14 39 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 P RIOR FIVE-YEAR HOUSING FUND EXPENDITURES Units Assisted by Housing Set Aside Fund CRL requires that the Compliance Plan provide a recap of the number of the projects assisted by the Housing Fund to create extremely low, very low, and low units over the past implementation plan period (2004-05 through 2008-09). CRL also requires a recap of the number, location, level of affordability and the amount of Housing Funds expended on multi- family units. Table 16 summarizes these statistics: Housing Fund Expenditures: 2004-05 through 2008-09 Table 16 Project Palm Village 18 $4,171,455 18 $4,171,455 0 $0 36 $8,342,909 La Rocca Villas Senior 13 1,773,774 14 1,910,218 0 - 27 3,683,992 Sagecrest Senior 3 462,994 10 1,543,314 1 154,331 14 2,160,639 Falcon Crest1 0 - 13 1,639,661 80 10,090,224 93 11,729,885 Habitat for Humanity 2 254,067 0 - 0 - 2 254,067 Carlos Ortega Villas/Country Village2 30 2,141,993 30 2,141,993 12 856,797 72 5,140,783 Sagecrest3 7 786,420 9 1,011,112 1 112,346 17 1,909,878 California Villas*97 6,959,745 26 1,865,499 18 1,291,499 141 10,116,743 Laguna Palms*27 3,705,327 5 686,172 16 2,195,749 48 6,587,248 Candlewood Senior*23 2,494,549 4 433,835 3 325,376 30 3,253,759 One Quail Place 185 262,383 166 235,435 33 46,803 384 544,621 Desert Pointe 40 97,898 17 41,606 7 17,132 64 156,636 Compliance Programs Acquisiton, Rehabiliation, and Resale 2 100,364 27 1,269,599 4 271,273 33 1,641,236 Home Improvement Program 41 235,845 14 63,987 2 11,188 57 311,020 Desert Rose 2 9,222 28 104,496 3 19,755 33 133,473 First Time Homebuyer Program 0 - 3 88,821 1 72,241 4 161,062 Rental Assistance 2 22,314 0 - 0 - 2 22,314 Total 492 $23,478,349 384 $17,207,201 181 $15,464,715 1,057 $56,150,265 Expenditures for programs in progress4:$1,911,080 Total Expenditures $58,061,345 $ Spent on $ Spent on Age Assisted VL Units Low Units Mod Units Total Exp. Units for Seniors 66 $4,731,317 28 $3,887,366 4 $479,707 71 $9,098,390 Units for Families with Children 426 $18,747,032 356 $13,319,835 177 $14,985,008 959 $47,051,875 Total 492 $23,478,349 384 $17,207,201 181 $15,464,715 1,057 $56,150,265 1 The Falcon Crest includes development costs, homebuyer subsidy costs, and loan receivables. 2 Expenditures include acquistion costs for Country Village and the unit allocation is based on the proposed Carlos Ortega Villas development. 3 Expenditures include acquistion and the unit allocation is based on the proposed Sagecrest development. 4 Programs in progess include Taos Palm Renovation and Hill Property. Notes: *These properties have been acquired, and are being renovated. The inclusionary units were counted when the properties were acquired. Expenditures detailed in this table include net values inclusive of loan recievables. Low Units Mod Units Total Affordable Units Assisted Total Affordable Units Total Expenditures Low Inc. Units $ Spent on Low Inc. Units Mod Inc. Units $ Spent on Moderate Income Units $ Spent on VL Very Low Inc. Units $ Spent on Very Low Inc. Units 40 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Affordable Housing Units Constructed During Prior Implementation Plan without Agency Assistance Since fiscal year 2004-05, no affordable units featuring long term covenant restricted units (affordable units with covenants of at least 45 years for ownership housing or 55 years for rental housing) have been created without the use of Housing Funds. 41 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 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 noticed 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 and Affordable Housing Compliance Plan. 42 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 EXHIBIT A Affordable Housing Glossary of Terms Inclusionary Housing Production There are many ways in which the Agency may create inclusionary units that satisfy the requirements outlined in Law Section 33413 including new construction of for-sale and rental housing, substantial rehabilitation, and the purchase of covenants on multifamily rental housing. New Construction & Substantial Rehabilitation: For-sale (affordable) inclusionary units or inclusionary multifamily rental housing may be created by assisting new construction or providing financing for purchasers of new housing, and by substantially rehabilitating such units per the Law definition. To be counted toward the Agency inclusionary unit need, for sale units must be covered by a 45-year affordability covenant and rental units by a 55-year affordability covenant. Purchase of Covenants: The Agency may use the Housing Fund to subsidize multifamily units that are not substantially rehabilitated or newly constructed, by the purchase of an affordability covenant. The affordability covenants on multifamily units would restrict such units for a period of 55 years. Such units must be occupied by and affordable to very low and low income households. The Agency may only meet up to 50% of their required inclusionary unit need in this manner. Furthermore, 50% of the covenants purchased must be affordable to very low and low income households. Inclusionary units secured by the Agency through the purchase of covenants, substantial rehabilitation, and new construction that are located within the Project Area boundaries can be counted on a one-for-one basis. If the units are located outside of the Project Area they only receive one-half (½) credit (counted on a two-for-one basis). Mutual self-help housing units receive a 1/3 credit towards satisfying inclusionary unit production requirements. Mutual Self-help Housing: Mutual self-help housing refers to very low or low income, owner- occupied housing units where residents have contributed at least 500 hours of work on the unit to ensure safe and sanitary housing. Mutual self-help housing units must be deed restricted for at least 15 years. Each housing production unit must have a covenant recorded with the county pursuant to Law Section 33334.3 in order to be counted. Duration of Affordability Covenants Prior to January 1, 2002: for no less than the period of land use controls established in the redevelopment plan. 43 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 After January 1, 2002: for the longest feasible time, but not less than 55 years for rental housing and 45 years for owner occupied housing. Under Section 33413, rental housing units may be replaced prior to the expiration of the 55 - year period with equally affordable and comparable rental units in an other location within the City if (i) the replacement units are available for occupancy prior to the displacement of any persons residing in the subject units and (ii) the comparable replacement units are not developed using moneys in the Housing Fund. Under Section 33413, owner-occupied units may be sold prior to the expiration of the 45-year period for a price in excess of what would otherwise be allowed if the units are subject to an equity sharing agreement or some other program that protects the Agency’s investment of Housing Fund moneys. The Agency must deposit the excess proceeds in the Housing Fund and within three years from the date of the sale of the units, spend funds to make affordable an equal number of units at the same income` level as the units sold. Only the units originally assisted by the Agency can be counted towards the Agency’s obligations under Section 33413. Affordability Income and Cost Levels Section 50052.5 of Health and Safety Code defines affordable housing cost (adjusted for family size appropriate for unit) as: § Extremely Low – Not more than 30% of 30% of the County median household income. § Very Low - Not more than 30% of 50% of the County median household income. The Agency’s Housing Stipulation requires that rental units be calculated as not more than 25% of 50% of the County median household income. § Low - Not more than 30% of 70% (or 30% of 60% for rental projects) of the County median household income. § Moderate - Not more than 35% of 110% (or 30% of 110% for rental projects) of the County median household income. The following tables detail affordable housing costs for rental and ownership units in Palm Desert based on the 2009 Riverside County Area Median Income. 44 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Affordable Housing Analysis for Rental Units Palm Desert Redevelopment Agency Very Low Income1 Low Income Moderate Income County Median Income ( 4 Person Household )$64,500 $64,500 $64,500 % of County Median Income 50%60%110% Annual Gross Income $32,250 $38,700 $70,950 % of Income to Housing 25%30%30% Annual Housing Cost $8,063 $11,610 $21,285 Monthly Housing Cost $672 $968 $1,774 Less:Utilities ($108)($108)($108) Available for Monthly Rent $564 $860 $1,666 Average Rent for a 3 Bedroom Unit2 $1,316 $1,316 $1,316 Unfunded Gap (between affordable and median rent)($752)($457)n/a 1 The Housing Stipulation requires the very low income rental units be calculated as 25% of 50% Area Median Income. 2 Palm Desert apartment rent survey. Source: State Income Limits for 2009 published by the Californing Department of Housing and Community Development; and Rent Survey 45 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 Affordable Housing Analysis for Ownership Units Palm Desert Redevelopment Agency Very Low Income Low Income Moderate Income County Median Income ( 4 Person Household )$64,500 $64,500 $64,500 % of County Median Income 50%70%110% Annual Gross Income $32,250 $45,150 $70,950 % of Income to Housing 30%30%35% Annual Housing Cost $9,675 $13,545 $24,833 Monthly Housing Cost $806 $1,129 $2,069 Less:Property Taxes 1.15%($56)($101)($234) Insurance 0.30%($53)($53)($53) HOA fees ($200)($200)($200) Utilities ($214)($214)($214) Available for Mortgage $284 $561 $1,369 Qualified Mortgage (30 year amortizing loan)6.50%$44,913 $88,757 $216,620 Down Payment 5.00%$2,364 $4,671 $11,401 Total Affordable Home Price $47,277 $93,428 $228,021 Condominiums Median Cost of Condominiums in City of Palm Desert1 $233,000 $233,000 $233,000 Unfunded Gap (between affordable price and median cost)($185,723)($139,572)($4,979) Single Family Residences Median Cost of SFR in City of Palm Desert1 $290,000 $290,000 $290,000 Unfunded Gap (between affordable price and median cost)($242,723)($196,572)($61,979) 1 DQNews.com June 2009 value Source: State Income Limits for 2009 published by the Californing Department of Housing and Community Development 46 Palm Desert Redevelopment Project Areas Housing Compliance Plan 2009-10 through 2013-14 RIVERSIDE COUNTY2009 Affordable Income Limits(Income figures based on Department of Housing and Community Development Income Limits dated April 2, 2009)1 Person Household2 Person Household3 Person Household4 Person Household1Median Income:$45,150Median Income:$51,600Median Income:$58,050Median Income:$64,500Income CategoryAnnual Income (1)Income CategoryAnnual IncomeIncome CategoryAnnual IncomeIncome CategoryAnnual IncomeVery Low$23,300Very Low$26,650Very Low$29,950Very Low$33,300Low$37,300Low$42,650Low$47,950Low$53,300Moderate$54,200Moderate$61,900Moderate$69,650Moderate$77,4005 Person Household6 Person Household7 Person Household8 Person HouseholdMedian Income:$69,650Median Income:$74,800Median Income:$80,000Median Income:$85,150Income CategoryAnnual IncomeIncome CategoryAnnual IncomeIncome CategoryAnnual IncomeIncome CategoryAnnual IncomeVery Low$35,950Very Low$38,650Very Low$41,300Very Low$43,950Low$57,550Low$61,850Low$66,100Low$70,350Moderate$83,600Moderate$89,800Moderate$96,000Moderate$102,1501 Annual income limits may be adjusted for household size per the Department of Housing and Community Development, differing from the affordable housing costs identified in Health and Safety Code Section 50052.5.