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HomeMy WebLinkAboutRDA AG PKT 2005-11-14 #2 • i \ �. AGENDA REPORT RDA -2 ERRATA DATE: November 14, 2005 TO: Chairperson and Members of the Redevelopment Agency THRU: John B. Bahorski, Executive Director FROM: Lee Whittenberg, Director of Development Services SUBJECT: ERRATA - ADOPTION OF THE THIRD FIVE - YEAR IMPLEMENTATION PLAN AND AFFORDABLE HOUSING COMPLIANCE PLAN FOR THE RIVERFRONT AND SURFSIDE REDEVELOPMENT PROJECT AREAS OVERVIEW OF ERRATA: A transposition of numbers was found within the "Ten -Year Housing Compliance Plan (2004 -05 through 2103 -14)" on page 17. Under the section heading "Rental Assistance" the first sentence is revised to read as follows: "As of August 2005, the Agency was providing assistance to 8 low and moderate income units and 79 t c• - • a-- -4401i,.fate very low units." A copy of the applicable page 17 of the "Ten -Year Housing Compliance Plan (2004 -05 through 2103 -14)" is attached for the information of the Agency members. RECOMMENDATION: Conduct Public Hearing and Adopt Resolution Number 05 -10, A Resolution of the Seal Beach Redevelopment Agency Adopting the Riverfront and Surfside Redevelopment Project Area 2004 -05 to 2008 -09 Five -Year Implementation Plan and Appendix A, the 2004 -05 to 2013 -14 Ten -Year Affordable Housing Compliance Plan for the Riverfront and Surfside Redevelopment Project Areas Agenda Item R....0/9-7 Z: \My Documents \RDA\2005 -09 Implementation PIan.RDA Errata Report.doc \LW\11 -10 -05 Errata Report — Agenda Item RDA -2 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 NOTED AND APPROVED: Ike ' ittenberg Jo B. ahors i, Executive Director Director of Development Servic- ' /development Agency Attachment 1: Ten -Year Housing Compliance Plan (2004 -05 through 2103 -14) ", page 17 2 2005 -09 Implementation Plan.RDA Errata Report Errata Report — Agenda /ten RDA -2 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 ATTACHMENT 1 TEN -YEAR HOUSING COMPLIANCE PLAN (2004 -05 THROUGH 2103 -14) ", PAGE 17 3 2005 -09 Implementation PIan.RDA Errata Report FIVE YEAR IMPLEMENTATION PLAN - RIVERFRONT PROJECT TABLE 10 SEAL BEACH REDEVELOPMENT AGENCY PROJECTS AND PROGRAMS Estimated Program /Project Time Frame Goals Achieved Agency Cost Seal Beach Trailer Park 2004 -05 Preserve and Expand the Stock of Housing available $1,800,000 Rental Assistance Program thru to low- and moderate- income households 2013 -14 Housing Rehabilitation Grants and Loans 2004 -05 Preserve and Expand the Stock of Housing available $1,834,915 thru to senior households 2013 -14 TOTAL ESTIMATED COST $3,634,915 The Agency may, to the extent permitted by Law and land use designation, inside or outside the Project Areas, acquire, sell, lease, br donate land, improve sites, acquire affordability covenants, construct or rehabilitate structures, or use any other method authorized by Law, in order to provide housing for persons and families of low- or moderate - income. The Agency may also provide subsidies to, or for the benefit of, such persons and families or households to assist them in obtaining affordable housing within the City. Rental Assistance As of August 2005, the Agency was providing assistance to 8 low and moderate income units and 79 very low units. This assistance is anticipated to continue for the term of the Riverfront Project Area. Rehabilitation Grants With the goal of continuing to preserve, enhance, and expand the stock of quality housing affordable to low income families, the Agency will seek to secure partnerships with property owners willing to rehabilitate and /or upgrade their properties within the City. Housing Element Consistency Because this Housing Compliance Plan focuses on providing housing for low to moderate - income households, generally the most difficult segment of the community to provide housing for, it is consistent with the Housing Element's goals to provide a variety of housing types, assist in the development of • affordable housing, and preserve the affordability of housing for lower income households. Both this Housing Compliance Plan and the Housing Element state that there is a definite need to ensure an adequate supply of housing for the lower income segments of the community. A major focal point of the goals, policies, and objectives of the Housing Element is to provide housing for all economic segments of the City, specifically lower income families. Consistent with the Housing Element, a major goal of the Housing Compliance Plan is to provide housing for lower ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 17 AFFORDABLE HOUSING COMPLIANCE PLAN • j4,0. AGENDA REPORT DATE: November 14, 2005 TO: Chairperson and Members of the Redevelopment Agency THRU: John B. Bahorski, Executive Director FROM: Lee Whittenberg, Director of Development Services SUBJECT: ADOPTION OF THE THIRD FIVE - YEAR IMPLEMENTATION PLAN AND AFFORDABLE HOUSING COMPLIANCE PLAN FOR THE RIVERFRONT AND SURFSIDE REDEVELOPMENT PROJECT AREAS SUMMARY OF REQUEST: Conduct Public Hearing and Adopt Resolution Number 05 -10, A Resolution of the Seal Beach Redevelopment Agency Adopting the Riverfront and Surfside Redevelopment Project Area 2004 -05 to 2008 -09 Five -Year Implementation Plan and Appendix A, the 2004 -05 to 2013 -14 Ten -Year Affordable Housing Compliance Plan for the Riverfront and Surfside Redevelopment Project Areas. BACKGROUND: In 1993, the State of California enacted Assembly Bill 1290, adding Section 33490 to the California Redevelopment Law ( "CRL "). Section 33490 of the California Community Redevelopment Law requires this Plan to include the following: • ❑ Specific Agency goals and objectives for each Project Area ❑ Specific programs, potential projects, and estimated expenditures proposed by the Agency over the five -year planning period, and; ❑ An explanation of how Agency goals, objectives, programs, and expenditures will eliminate blight within each Project Area and improve and increase the supply of housing affordable to very low, low, and moderate income households. The public hearing for this Third Five Year Implementation Plan has been duly noticed and posted in accordance with CRL Section 33490(d). This Implementation Plan will guide the Agency's actions in implementing key redevelopment projects in the Project Areas. A mid -term review and update of this Implementation Plan will take place between the second and third years after the adoption date pursuant to the requirements of Agenda Item gj2 -2 Z:1My Documents\RDA\2005 -09 Implementation Plan.CC Staff Report.11 -09- 05\LW\11 -09 -05 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 the CRL. The Implementation Plan focuses on the projects, programs, and estimated revenues and expenditures planned for the Project Areas. Pursuant to CRL Section 33490, an Implementation Plan serves as a policy and strategy document, rather than a contract, that will guide current and future projects and programs of the Agency. The goals of the Agency for this Implementation Plan period are to: 1. Encourage the redevelopment of the Riverfront Project Area in a manner consistent with the City's General Plan and/or specific development plans and may be adopted from time to time through the cooperation of private enterprise and public agencies; 2. Enhance the long term economic well -being of the community; 3. Provide for the rehabilitation of commercial and industrial structures and residential dwelling units; 4. Provide public infrastructure improvements and community facilities, including the installation, construction, and/or reconstruction of streets, utilities, public buildings and facilities (such as facilities for pedestrian circulation and parking facilities), storm drains, utility under grounding, or structures, street lighting, landscaping, and other improvements which are necessary for the effective redevelopment of the Riverfront Project Area; 5. Provide for participation in the redevelopment of property in the Riverfront Project Area, where feasible. All projects undertaken will be in conformance with the Riverfront Redevelopment Plan; 6. Encourage cooperative efforts among property owners, businesses and public agencies to achieve the economic development goals of the City and Agency and develop programs aimed at preventing or eliminating existing blighting conditions; 7. Increase, improve, and preserve the community's supply of affordable housing. The Implementation Plan is divided into two separate components; a Redevelopment Component and a Housing Component. The Redevelopment Component: ❑ reviews the goals and objectives of each Redevelopment Project Plan; ❑ identifies the Agency's strategy to achieve these goals and objectives; ❑ 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 ❑ describes how the goals and objectives, projects, programs and expenditures will eliminate blight within the Project Area. 2005 -09 Implementation Plan.CC Staff Report 2 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 Additionally, pursuant to Section 33490 of the CRL, an implementation plan must explain how the components will implement various requirements regarding low and moderate income housing. Generally, the goals, activities and expenditures described in the Redevelopment Component of this Implementation Plan do not meet the housing requirements of the CRL. The activities that are intended to address the housing requirements are contained in the Housing Component of this Implementation Plan. Adoption of this Implementation Plan does not trigger authorization of any of the included projects. Projects to be undertaken by the Agency are subject to discretionary approvals by the Agency, as well as environmental clearance as determined by staff. Pursuant to Section 33490(a)(1)(B), adoption of an implementation plan shall not constitute a "project" within the meaning of the California Environmental Quality Act (CEQA, Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the implementation plan shall not eliminate environmental analysis and clearance that would otherwise be required. Redevelopment Activities: This Third Five Year Implementation Plan has been prepared for the Agency's Riverfront and Surfside Redevelopment Project Areas (Please refer to Attachment 2 to review this document). It contains the goals and objectives for the Agency and the Project Areas for this Implementation Plan period. It also contains an assessment of the current conditions of blight, and identifies proposed projects, resources, and expenditures for the five year planning period. The Redevelopment Agency has completed several projects and eliminated many of the blighting conditions originally identified in the Riverfront Project Area. Redevelopment activities undertaken since adoption of the Riverfront Project Area and those currently being pursued by the Agency address the blighting conditions originally identified in the Riverfront Redevelopment Plan. The projects previously undertaken within the Riverfront Project Area include the following (not all had direct Redevelopment Agency participation): ❑ Bridgeport, a planned residential community of 176 homes; ❑ Riverbeach Condominiums, a 80 -unit condominium project; ❑ Seal Beach Trailer Park, a 125 -space trailer park; ❑ Oakwood Apartments, a 549 -unit apartment complex; ❑ Bay City Center, a neighborhood commercial center comprising of roughly 45,000 square feet of gross space for lease; and Cl The Greenbelt, a city -owned open space area of 5.48 acres which runs from Fifth Street to Seal Beach Boulevard and includes the Mary Wilson Library and Red Car Museum. 2005 -09 Implementation Plan.CC Staff Report 3 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 A summary of activities within the Riverfront Redevelopment Project Area is provided as Attachment 4 for the information of the Agencymembers and the public. The Agency has also completed the major goal of. the Surfside Project Area. In 1984, a rock revetment wall was established to mitigate flooding and erosion to coastal homes. Since the completion of this project, the Surfside Project Area has been inactive in terms of collecting tax increment funds. Proposed Redevelopment Agency Projects, 2004 - 05 through 2008 - 09 The City of Seal Beach Redevelopment Agency prepares to undertake projects that will address the remaining blighting conditions within the Project Area. A summary of future implementation activities is as follows: ❑ Corporation Yard NPDES/Water Quality Facilities: This project addresses localized flooding and other infrastructure deficiencies within the Riverfront Project Area. The Agency plans to contribute $300,000 towards this project over the next five years. ❑ West End Pump Station Replacement: Like the Corporation Yard, this project also addresses localized flooding and infrastructure deficiencies within the Riverfront Project Area. Over the next five years, the Agency plans to contribute $3,390,629 toward this project. The previous Implementation Plan proposed the following projects: ❑ FY 2001/02 - Library improvement for $42,000 • ❑ FY 2002/03 - Corporation Yard NPDES /Water Quality Facilities for $350,000 ❑ FY 2002/03 - West End Pump Station Replacement for $2,300,000 As can be seen in comparing the two separate Implementation Plans, the proposed Plan carries forward the Corporation Yard NPDES /Water Quality Facilities and Corporation Yard NPDES/Water Quality Facilities projects with modified funding levels based on more current cost estimates. No new projects are being proposed. Affordable Housing Requirements The Five Year Housing Implementation Plan and Ten Year Affordable Housing Compliance Plan ( "Housing Compliance Plan") (2004 /05 through 2013/14) have been prepared as a composite plan to address affordable housing production needs. The Housing Compliance Plan contains the housing goals and objectives for the Agency including a proposed program to address housing production needs with projected financial resources. • 4 2005 -09 Implementation Plan.CC Staff Report Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 The Housing Compliance Plan (Please refer to Attachment 3 to review this document) is focused on the Agency's housing obligations pursuant to California Redevelopment Law. The housing programs identified within this plan are consistent with the 2000 Seal Beach Housing Element, which identified the following housing goals: ❑ Facilitate the development of a variety of housing types for all income levels to meet the existing and future housing needs of residents; ❑ Assist in the development of adequate housing to meet the needs of low and moderate income households; ❑ Address, and where appropriate and legally possible, remove governmental constraints to the maintenance, improvement, and development of housing; ❑ Maintain and enhance the existing quality of residential neighborhoods in Seal Beach; ❑ Promote equal housing opportunities for all persons regardless of race, color, national origin, ancestry, religion, sex, marital status, or familial status. Since January 1976, redevelopment agencies have been required to assure that at least 30% of all new or substantially rehabilitated units developed by the agency are available at affordable costs to households of very low, low, or moderate - income. Of this 30 %, not less than 50% must be available at affordable costs to very low- income households. Further, for all units developed in the project area by entities other than the agency, the Law requires that at least 15% of all new or substantially rehabilitated dwelling units within the project area be made available at affordable costs to low- or moderate - income households. Of these, not less than 40% of the dwelling units are required to be available at affordable costs to very low- income households. The Riverfront Redevelopment Project was created on March 1969, seven years before the Inclusionary Housing Requirement was integrated into the CRL. The inclusionary housing requirements prescribed in the CRL do NOT apply to the Riverfront Project. However, because the Riverfront Project generates housing set aside funds on an annual basis, the Agency is required to spend such funds to preserve, improve, and increase the stock of housing that is affordable to very-low, low, and moderate income households. Accordingly, this Compliance Plan delineates the projects and programs that the Agency intends to conduct to meet this task. The Surfside Redevelopment Project has not collected housing set aside funds due to the inactivity of the project, however was established after 1976, thus triggering inclusionary housing obligations. The limited residential development in the Surfside Project Area has generated a small affordable housing production requirement, as demonstrated in the table below. This requirement can be met by the 100 deed restricted units in the Seal Beach Trailer Park, located in the Riverfront Project Area. Section 33413(b)(2)(A)(ii) 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. The 100 units within the Seal Beach Trailer Park can be counted on a two for one basis in the Surfside Project Area, for a total 5 2005 -09 Implementation PIan.CC Staff Report Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 of 50 units, which would more than offset the requirement generated by the limited residential development. SEAL BEACH REDEVELOPMENT AGENCY , INCLUSIONARY HOUSING OBLIGATION STATUS -SURFSIDE PROJECT = Number of Total Number of Very VL Units L & M Units Developed/ Units Low, Low, & Moderate Required Over Required Over Rehabilitated Produced Units Required Life of the Plan Life of the Plan Built from date of adoption through December 1994 Private /15% 6 0.9 0.36 0.54 Subtotal 6 0.9 0.36 0.54 Substantially Rehabilitated Private /15% 0 0 0 0 ,S a New Construction Private /15% 1 0.15 0.06 0.09 m Subtotal 1 0.15 0.06 0.09 . Substantially Rehabilitated Private /15% 0 0 0 0 ° E New Construction Private /15% 0 0 0 0 r N Subtotal 0 0 0 0 Units Expected to be Built Over Remaining Project Term 0 0 0 0 Total Unit Requirements - Surfside 7 1.05 0.42 0.63 The Agency acknowledges its task in addressing the overall need for affordable units within the community. According to the Regional Housing Needs Assessment Report issued by the Southern California Association of Governments, the total production needs for affordable units in the City of Seal Beach from 1998 to 2005 were: ❑ Very Low Income — 76 units ❑ Low Income — 35 units ❑ Unrestricted —154 Units Pursuant to Section 33334.4 of the CRL, the Agency must expend a proportionate amount of Housing Set -Aside funds in relation to the City's need. Aligning with this stipulation, the Agency may allocate 29% of Set Aside funds to very low income units, 13% to low income units, and 58% may be allocated to fund very low, low and moderate income units. The Housing Compliance Plan includes proposed housing projects that the Agency will undertake in order to meet the identified needs of the community. To ensure the long- term preservation of the Seal Beach Trailer Park as an important affordable housing resource, the City has worked with LINC Housing, a nonprofit housing organization, and the residents of the Seal Beach Trailer Park to ensure tenant ownership of the park. That goal was achieved on September 15, 2005 when the transfer of ownership of the Seal Beach Trailer Park from LINC Housing to Seal Beach Affordable Housing Corporation occurred. The Agency has committed to providing funds to assist residents of the Seal Beach Trailer Park for rental assistance, and will continue to do so over the life of this Compliance Plan period. Over the next ten years, the Agency anticipates providing approximately $1.8 million in such rental assistance. The Housing Compliance Plan also indicates that the Agency will continue to offer a range of loan and grant programs throughout the community to assist in the rehabilitation 2005 -09 Implementation Plan.CC Staff Report 6 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Sta ff Report November 14, 2005 and maintenance of existing residential structures occupied by persons and families of low and moderate income. Over the next ten years, the Agency anticipates providing approximately $1.8 million in such assistance. These same programs were set forth and discussed in the previous Implementation Plan. No new housing assistance programs are being proposed over what the Agency has offered for the past 5 years. ENVIRONMENTAL IMPACT: There are no environmental impacts as a result of the adoption of this Implementation Plan. 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 (CEQA, Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the implementation plan shall not eliminate environmental analysis and clearance that would otherwise be required. FISCAL IMPACT: There will be no immediate direct fiscal impact upon Agency or City. The first and second years of the Implementation Plan and Compliance Plan include programs, projects, and expenditures that were approved in the FY 2004 -05 and 2005 -06 Agency budgets, respectively. Programs, projects, and expenditures identified in subsequent fiscal years are shown for planning purposes only. No funds have been or are to be committed at this time. RECOMMENDATION: Conduct Public Hearing and Adopt Resolution Number 05 -10, A Resolution of the Seal Beach Redevelopment Agency Adopting . the Riverfront and Surfside Redevelopment Project Area 2004 -05 to 2008 -09 Five -Year Implementation Plan and Appendix A, the 2004 -05 to 2013 -14 Ten -Year Affordable Housing Compliance Plan for the Riverfront and Surfside Redevelopment Project Areas. NOTED AND APPROVED: • Whitt - nberg John B. Bahorski, Executive Director Director of Development Service- Redevelopment Agency Attachments: (4) 2005 -09 Implementation Plan.CC Staff Report 7 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 Attachment 1: Resolution Number 05 -10, A Resolution of the Seal Beach Redevelopment Agency Adopting the Riverfront and Surfside Redevelopment Project Area 2004 -05 to 2008 -09 Five -Year Implementation Plan and Appendix A, the 2004- 05 to 2013 -14 Ten -Year Affordable Housing Compliance Plan for the Riverfront and Surfside Redevelopment Project Areas Attachment 2: Riverfront Redevelopment Project and Surfside Redevelopment Project Five -Year Implementation Plan (FY 2004 -05 to 2008 -09), Seal Beach Redevelopment Agency, dated November 14, 2005 Attachment 3: Ten -Year Affordable Housing Compliance Plan (2004 -05 through 2013 -14) - Appendix A to the Riverfront Redevelopment Project and Surfside Redevelopment Project Five -Year Implementation Plan (FY 2004 -05 to 2008 -09), Seal Beach Redevelopment Agency, dated November 14, 2005 Attachment 4: Progress in Implementing Redevelopment Activities 8 2005 -09 Implementation PIan.CC Staff Report Adoption of 2004 -05 through 2008-09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 ATTACHMENT 1 RESOLUTION NUMBER 05 -10, A • RESOLUTION OF THE SEAL BEACH REDEVELOPMENT AGENCY ADOPTING THE RIVERFRONT AND SURFSIDE REDEVELOPMENT PROJECT AREA 2004 -05 TO 2008 -09 FIVE -YEAR IMPLEMENTATION PLAN AND APPENDIX A, THE 2004 -05 TO 2013 -14 TEN -YEAR AFFORDABLE HOUSING COMPLIANCE PLAN FOR THE RIVERFRONT AND SURFSIDE REDEVELOPMENT PROJECT AREAS 2005 -09 Implementation PIan.CC Staff Report 9 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 RESOLUTION NUMBER 05 -10 A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT AGENCY ADOPTING THE RIVERFRONT AND SURFSIDE REDEVELOPMENT PROJECT AREA 2004 -05 TO 2008 -09 FIVE -YEAR IMPLEMENTATION • PLAN AND APPENDIX A, THE 2004 -05 TO 2013 -14 TEN -YEAR AFFORDABLE HOUSING COMPLIANCE PLAN FOR THE RIVERFRONT AND SURFSIDE REDEVELOPMENT PROJECT AREAS THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: . Section 1. The Redevelopment Plan for the Riverfront Redevelopment Project of the Redevelopment Agency of the City of Seal Beach (the "Agency ") was approved and adopted by Ordinance No. 780 of the City Council of the City of Seal Beach (the "City Council ") on March 3, 1969, and has been amended on eight separate occasions. The Redevelopment Plan for the Surfside Redevelopment Project of the Agency was approved and adopted by Ordinance No. 1134 of the City Council on December 20, 1982, and has been amended from time to time. Section 2. Health and Safety Code Section 33490 requires that each redevelopment agency that has adopted a redevelopment plan prior to December 31, 1993, adopt, after a public hearing, an implementation plan every five years containing the specific goals and objectives of the agency for the project area, the specific programs (including potential projects), and estimated expenditures proposed to be made during the next five years, and an explanation of how the goals and objectives, programs and expenditures will eliminate blight within the project area and implement the low and moderate income housing requirements of the Community Redevelopment Law (Health and Safety Code Section 33000, et semc .). Section 3. The Agency has prepared an implementation plan (the "Implementation Plan") for the Riverfront Redevelopment Project and the Surfside Redevelopment Project (collectively, the "Project Areas") in accordance with the • requirements of Health and Safety Code Section 33490. 2005 -09 Implementation Plan.CC Staff Report 10 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 Section 4. On November 14, 2005, the Agency held a duly noticed public hearing on the proposed adoption of the 2004/05 — 2008 /09 Implementation Plan at which time all persons desiring to comment on or ask questions concerning the Implementation Plan were given the opportunity to do so. Prior to the public hearing on the Implementation Plan, a draft of the Implementation Plan was available for public inspection in the office of the City Clerk. Section 5. The Agency has reviewed and considered all written and oral comments, questions and concerns regarding the Implementation Plan received prior to and at the public hearing on the Implementation Plan. Section 6. The Agency hereby adopts the Implementation Plan presented to the Agency on November 14, 2005, and on file in the office of the City Clerk and incorporated herein by reference as the implementation plan for the Project Areas pursuant to the requirements of Health and Safety Code Section 33490. Section 7. The Implementation Plan may be amended from time to time after a public hearing on the proposed amendment. Section 8. Pursuant to Section 33490(a)(1)(B), adoption of the Implementation Plan shall not constitute a "project" within the meaning of the California Environmental Quality Act (CEQA, Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the implementation plan shall not eliminate environmental analysis and clearance that would otherwise be required. Section 9. The Agency hereby directs that the Implementation Plan remain on file in the office of the City Clerk and be open to public inspection. PASSED, APPROVED AND ADOPTED by the Seal Beach Redevelopment Agency at a meeting thereof held on the 14th day of November, 2005, by the following vote: AYES: Agency Members NOES: Agency Members ABSTAIN: Agency Members ABSENT: Agency Members CHAIRMAN 11 2005 -09 Implementation Plan.CC Staff Report Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 ATTEST: SECRETARY STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, City Clerk of the City of Seal Beach, California, and Secretary to the Seal Beach Redevelopment Agency, do hereby certify that the foregoing resolution is the original copy of Resolution Number 05 -10 on file in the office of the City Clerk, passed, approved, . and adopted by the Seal Beach Redevelopment Agency, at a regular meeting thereof held on the 14th day of November, 2005. Linda Devine, City Clerk/Secretary Seal Beach Redevelopment Agency • 12 2005 -09 Implementation Plan.CC Staff Report Adoption of 2004 -05 through 2008-09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 • ATTACHMENT 2 RIVERFRONT REDEVELOPMENT PROJECT AND SURFSIDE REDEVELOPMENT PROJECT FIVE -YEAR IMPLEMENTATION PLAN (FY 2004 -05 TO 2008 -09), SEAL BEACH REDEVELOPMENT AGENCY, DATED NOVEMBER 14, 2005 • • • 2005 -09 Implementation PIan.CC Staff Report 13 iii ) Seal Beach Redevelopment Agency ; ii�� • Five -Year Implementation Plan (FY 2004 -05 to 2008 -09) • Riverfront Redevelopment Project Area • Surfside Redevelopment Project Area November 14, 2005 Prepared For: Seal Beach Redevelopment Agency 211 Eighth Street Seal Beach, CA 90740 Prepared By: • RSG INTELLIGENT COMMUNITY DEVELOPMENT ROSENOW SPEVACEK GROUP INC. 309 West 4th Street Santa Ana, California 92701 -4502 Phone: (714) 541 -4585 Fax: (714) 541 -1175 E -Mail: infoewebrso.com Five -Year Implementation Plan (FY 200405 through 2008-09) Riverfront & Surfside Project Areas CITY OF SEAL BEACH - °.r t REDEVELOPMENT AGENCY BOARD Ray Ybaben, Chair of the Board Michael Levitt, Vice -Chair of the Board John Larson, Board Member Charles Antos, Board Member Paul Yost, Board Member REDEVELOPMENT AGENCY STAFF John Bahorski, Executive Director Lee Whittenberg, Director of Development Services Quinn Barrow, (Richards, Watson, and Gershon, Attorneys At Law) Agency Attorney Linda Devine, Agency Secretary Pamela Arends -King, City Treasurer .Five -Year Implementation Plan (FY 200405 through 2008.09) Riverfront & Surfside Project Ames TABLE OFsCONTENTS Introduction 1 Background 4 Plan Limitations 6 Riverfront Project 6 Surfside Project 6 Goals And Objectives For All Project Areas 7 Blighting Conditions 9 Riverfront Redevelopment Project Area 10 Prior Plan Period Accomplishments 12 Remaining Blighting Conditions 12 Five -Year Implementation Plan Objectives 13 Financial Resources 13 Anticipated Planning Period Projects And Programs 15 Surfside Redevelopment Project Area 17 Administration Of The Implementation Plan 18 Adoption Process 18 Mid -Term Review Process 18 INTRODUCTION This document is the Third Five -Year Implementation Plan ( "Implementation Plan ") for the City of Seal Beach Redevelopment Agency ( "Agency "). The Implementation Plan presents the Agency's goals, objectives, anticipated projects, and programs that will address remaining blighting conditions, and provides estimated expenditures for the five -year planning period (Fiscal Years 2004 -05 through 2008 -09), for the Agency's two Redevelopment Project Areas, Surfside Project and Riverfront Project, which are collectively referred to as "Project Areas." The Implementation Plan is divided into two separate components; the Redevelopment Component and the Ten Year Affordable Housing Compliance Plan. The Redevelopment Component accomplishes the following actions: • Reviews the goals and objectives of each Redevelopment Project Plan; • Identifies the Agency's strategy to achieve these goals and objectives; • 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 • Describes how the goals and objectives, projects, programs and expenditures will eliminate blight within the Project Area. Additionally, pursuant to Section 33490 of the California Redevelopment Law ( "CRL "), an implementation plan must explain how the components of the plan will implement various requirements regarding low and moderate income housing. Generally, the goals, activities and expenditures included in the Redevelopment Component of the Implementation Plan do not execute the housing requirements of the CRL; those activities are contained in the Ten Year Affordable Housing Compliance Plan. The CRL also requires that this Implementation Plan address the Agency's affordable housing production and replacement housing needs. These items are specifically addressed in the Ten -Year Affordable Housing Compliance Plan ( "Compliance Plan "), attached hereto as "Appendix A." Adopted by the Agency following an appropriately noticed public hearing on November 14, 2005, this Implementation Plan will guide the Agency's actions in implementing key redevelopment projects in the Project Areas. A mid -term review and update of this Implementation Plan will take place between the second and third years after adoption, pursuant to the requirements of the CRL. The Implementation Plan focuses on the projects, programs, and estimated revenues and expenditures planned for the Project Area. This Implementation Plan is a general statement of direction rather than an "unalterable course of action." The Implementation Plan has been prepared to set priorities for redevelopment activities within the City's two Project Areas for the five -year planning period, and incorporates known program financial obligations that may hinder essential near -term revitalization efforts. However, ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 1 THIRD FIVE -YEAR IMPLEMENTATION PLAN new issues and opportunities are commonly encountered during the course of administering the redevelopment plans during this five -year period. Therefore, the Implementation Plan may be amended if necessary to effectuate its purpose. The goals of the Agency for this Implementation Plan period are to: 1. Encourage the redevelopment of the Riverfront Project Area in a manner consistent with the City's General Plan and /or specific development plans as may be adopted from time to time through the cooperation of private enterprise and public agencies; 2. Enhance the long term economic well -being of the community; 3. Provide for the rehabilitation of commercial and industrial structures and residential dwelling units; 4. Provide public infrastructure improvements and community facilities, including the installation, construction, and /or reconstruction of streets, utilities, public buildings and facilities (i.e. pedestrian circulation and parking facilities), storm drains, utility under grounding, street lighting, landscaping and other improvements which are necessary for the effective redevelopment of the Riverfront Project Area; 5. Provide avenues for participation in the redevelopment of property in the Riverfront Project Area, where feasible, said redevelopment will conform with the respective Redevelopment Plan; 6. Encourage cooperative efforts among property owners, businesses and public agencies to achieve the economic development goals of the City and Agency, and develop programs aimed at preventing or eliminating existing blighting conditions; 7. Increase, improve and preserve the community's supply of affordable housing. Adoption of this Implementation Plan does not trigger authorization of any of the • projects included in this plan. Projects to be undertaken by the Agency are subject to discretionary approvals, as well as environmental clearance as determined by staff. Pursuant to Section 33490(a)(1)(8), adoption of an implementation plan shall not constitute a "project" within the meaning of the California Environmental Quality Act (CEQA, Public Resources Code Section 21000 et seq.), and inclusion of any project or program in the implementation plan shall not eliminate environmental analysis and clearance that would otherwise be required. The Implementation Plan covers both the Riverfront and Surfside Redevelopment Project Area ( "Project Areas "). The original territory portion of the Redevelopment Plan of the Riverfront Project expires in 2009, while the effectiveness of the Added Area terminates in 2014. The Redevelopment Plan for the Surfside Project expires in 2022. However, since its top priority was achieved in 1984, with the completion of a rock revetment wall to protect the ocean front residential units, the Surfside Project has been inactive in terms of ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 2 THIRD FIVE -YEAR IMPLEMENTATION PLAN further public improvement projects and generation of tax increment revenue. The Agency has directed Staff to pursue deactivation of the Surfside Project Area, and therefore, this Implementation Plan will focus on the Agency's non - housing projects, programs, tax increment revenue and expenditures for the Riverfront Project Area. The 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. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 3 THIRD FIVE -YEAR IMPLEMENTATION PLAN BACKGROUND - The City Council of the City of Seal Beach activated the Seal Beach Redevelopment Agency on February 20, 1967 with the charge of conducting redevelopment projects and activities to help alleviate and eliminate blight throughout the City. The articulated reason for creating the Agency was "to provide a method of financing of specific public improvements." The Project Areas are located in the City of Seal Beach, in Orange County, California, approximately 50 miles south of Los Angeles. A small city with a population of 24,098, Seal Beach sits on the coast as the gateway to Orange County between the cities of Long Beach and Huntington Beach. Seal Beach celebrated its 90th anniversary in October 2005. On March 3, 1969 the Agency established the Redevelopment Plan for the Riverfront Redevelopment Project Area by adopting Ordinance No. 780. At the time of adoption, the original Project Area consisted of 104 acres. On December 29, 1975, with the adoption of Ordinance No. 983, City Council approved an amendment to add approximately 90 acres to the Riverfront Project Area. The Riverfront Project Area is located along the eastern side of the San Gabriel River, from the Pacific Ocean, and extends north of Pacific Coast Highway to include the State Lands Property, and portions of the Hellman Ranch. A map of the Riverfront Project Area is provided in Figure 1. In the "Report to Council for the Riverfront Redevelopment Plan," several public improvement goals were stipulated for the Project Area: 1) Sewer Treatment Plant; 2) Electric Avenue Improvements; 3) Marina Park and Community Facility; and 4) First Street Extension. At the time of this report, Redevelopment Law qualified inadequate public infrastructure as a legitimate reason to create a redevelopment project area. The Redevelopment Plan for the Surfside Project was adopted on December 1982 and last amended in 1993. The boundaries include the beach community of Surfside and extends three miles into the Pacific Ocean. With the completion of the rock revetment wall in 1984, this Project Area has remained inactive because the major goal of the Area had been achieved. The wall was designed to protect ocean front properties from flooding and erosion. Although the Project Area is inactive, the effectiveness of its redevelopment plan is scheduled to expire in December 2022. The Agency has directed Staff to pursue deactivation of the Surfside Project Area. As a catalyst for redevelopment, the Agency sought to ensure the continued development of the subject areas in conformance to the City's General Plan. The Agency's efforts have improved and /or reduced the blighting conditions in the Project Areas. However, there remain public infrastructure needs that require the continued assistance of the Agency. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 4 THIRD FIVE -YEAR IMPLEMENTATION PLAN Y Z 0 wa 0 0 6 l ' o-w w Of wT, >a wg w it L 0 ZQ 0 0 cc e.1 1.' Q 6W - W W �y W z m LL °O( �i R' J J N 4 G C ( f / Q ^ J� �Q. Q a ¢ J 4 W U w�7 Nx v+ �O� Z nil' W V) O U 2 ¢ WW wv N ~ LL J liJ J a o 2 o al 40 ux ° X WW o a m ¢ � a g o wo w> > 4.17.' w W Q cc U cc a W J e LI T L 4. J .t — z f w 4 1 r '- 2 1 R t t. `t �;"'�" / Mm1 — , 2 men % ' ,•' ' ! , �� 61 . U '' . I lia r 1 1 ; ` * y = �'i . IfIIt�lli ` ! r.y \ t / y'L 1 ,zz: �'L _ l i > 4 TH°''. ` \ ',..1-.:%:L.: = ; i 11 = L a ' I' L ''4.' . "�v4.„:1 we: -` " • l�'�"I L �;. s �t i �� y 1 � �° � � � � 4 \ f ' rf �~ , ', ,$� f r y a Q ::, 4, .t --.' tt 4 ''''''''•■■., "I' 4..,..r.z.:,),"V.,,w, Ne $ f k `v -`.: 'lr h 0 ' d t +? J J e : i ;,,r4 ' •"N' ,,,:.:7' ~ ' e .. a it c • a " a ti 3. ' (A 0 ix O � Y o a. co N e O N W W 171 N LL ¢a PLAN LIMITATIONS As stipulated by the CRL, each Redevelopment Project Area is subject to its own time and financial limits. Table 1 summarizes the time and financial limits in the Redevelopment Plans. SEAL BEACH REDEVELOPMENT AGENCY; ' ;,_ TABLE 1 PROJECT AREAS. 7a.' 1 , f " LIMITS Plan Incur New Collect Eminent Pro'ect Area Duration Debt Tax Increment Domain Riverfront Project Original Area March 3, 2009 January 1, 2004 March 3, 2014 Expired Riverfront Project - Added Area March 3, 2014 January 1, 2004 March 3, 2024 Expired Surfside Project (inactive) December 2022 Expired Riverfront Project As indicated in Table 1, the Riverfront Project Area is nearing the end of its plan period. The effectiveness of the Riverfront Redevelopment Plan expires on March 3, 2009; while the Agency's ability to incur new debt against the Project Area's tax increment revenues expired in January 2004. The Agency may collect tax increments from the Original Area until March 2014 and from the Added Area until March 2024. Surfside Project The sole purpose of the Surfside Redevelopment Project was achieved in 1984 with the completion of the rock revetment wall, which was designed to protect ocean front residential properties from flooding and erosion. Since then, the Surfside Project has remained inactive in terms of redevelopment projects and the collection of tax increment revenues. The effectiveness of its redevelopment plan is scheduled to expire in December 2022. The Agency has directed Staff to pursue deactivation of the Surfside Project Area. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 6 THIRD FIVE -YEAR IMPLEMENTATION PLAN GOALS AND OBJECTIVES FOR ALL PROJECT The following are goals and objectives of both the City Council and the Redevelopment Agency, which are applicable to both Project Areas over the next five -year term: • The Agency will practice sound fiscal management. The Agency will meet this goal by producing timely and accurate financial information, emphasizing capital formation, and developing long -term funding and debt management plans. The Agency will also meet all legal and, contractual obligations related to Agency activities. Additionally, the Agency intends to fully fund liabilities and reserves while investing in the future. • The Agency seeks to promote economic development in all Project Areas. To accomplish this goal, the Agency has outlined the following objectives: concentrate on job creation; pursue business retention, expansion and attraction; establish a quick and consistent development process; be business friendly at all levels of operation; and strive to constantly improve the city's competitiveness. • The Agency will continue implementation of the various housing rehabilitation and first -time homebuyer programs. The Agency will also investigate public infrastructure needs within the Project Area to address localized flooding and other infrastructure deficiencies. • The Agency seeks to reinvest in Seal Beach's infrastructure such as streets, sewers, parks, etc. Objectives outlined by the Agency to meet this goal include: providing for the development of new infrastructure, focusing on the relief of traffic congestion; maintaining and improving the City's existing infrastructure, particularly storm drain, sewer and other public utility deficiencies; and improving the overall aesthetics of the community. The Agency will work proactively to maintain adequate roadways and to correct substandard alleys. • The Agency will work to improve drainage conditions that adversely affect existing residential and commercial developments within the Project Areas. Additionally, the Agency will strive to provide improvements to the educational, cultural, residential, and other community facilities within the Project Areas and City. Additional objectives applicable to the implementation of the Redevelopment Plans for the Project Areas include: • Eliminate and prevent the reoccurrence and spread of blight and deterioration within the Project Areas. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 7 THIRD FIVE -YEAR IMPLEMENTATION PLAN • Continue programs that promote the rehabilitation of the existing housing stock where appropriate. • Provide, improve, or preserve low and moderate income housing as is required to satisfy the needs and requirements of the various age and income groups of the community, maximizing the opportunity for individual choice, and meeting the requirements of State law. • • Enhance and upgrade the physical, social and economic conditions within the area thereby improving the quality of life for Seal Beach residents. • • • ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 8 THIRD FIVE -YEAR IMPLEMENTATION PLAN • BLIGHTING CONDITIONS Redevelopment projects are established to remedy conditions of blight as defined by the CRL. The definition of blight has evolved since the various Project Areas were established as beginning in 1969. The current definition of blight, as stated in Section 33031 of the Law, is set forth below: • Unsafe /Dilapidated /Deteriorated Buildings. Buildings in which it is unsafe or unhealthy for persons to live or work. Serious building code violations, dilapidation and deterioration, defective design or physical construction, faulty or inadequate utilities, or other similar factors can cause these conditions. • Physical Conditions that Limit the Economic Viability and Use of Lots /Buildings. Factors that prevent or substantially hinder the economically viable use or capacity of buildings or Tots. This condition can be caused by a substandard design, inadequate size given present standards and market conditions, lack of parking, or other similar factors. • Incompatible Uses. Adjacent or nearby uses that are incompatible with each other and which prevent the economic development of those parcels or other portions of the project area. • Lots of Irregular Shape, Inadequate Size, and Under Multiple - Ownership. The existence of subdivided Tots of irregular form and shape and inadequate size for proper usefulness and development that are in multiple ownership. • Depreciated /Stagnant Property Values; Impaired Investments. Depreciated or stagnant property values or impaired investments, including, but not necessarily limited to, those properties containing hazardous wastes that require the use of agency authority as specified in Article 12.5 (commencing with Section 33459). • High Business Turnovers and Vacancies /Low Lease Rates /Abandoned Buildings /Vacant Lots. Abnormally high business vacancies, low lease rates, high tumover rates, abandoned buildings, or excessive vacant lots within an area developed for urban use. • Lack of Neighborhood Commercial Facilities. A lack of necessary commercial facilities that are normally found in neighborhoods, including grocery stores, drug stores, and banks and other lending institutions. • Overcrowding /Excess of Adult Businesses. Residential overcrowding or an excess of bars, liquor stores, or other businesses that cater exclusively to adults that has led to problems of public safety and welfare. • High Crime Rates. A high crime rate that constitutes a serious threat to the public safety and welfare. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 9 THIRD FIVE -YEAR IMPLEMENTATION PLAN RIVERFRONT REDEVELOPMENT PROJECT AREA The City Council of the City of Seal Beach activated the Seal Beach Redevelopment Agency on February 20, 1967 with the charge of conducting redevelopment projects and activities to help alleviate and eliminate blight throughout the City. On March 3, 1969, the Agency established the Redevelopment Plan for the Riverfront Redevelopment Project Area by adopting Ordinance No. 780. The Riverfront Project has been amended on the following occasions: • Ordinance No. 4572 (October 20, 1997) adopted an amendment related to the certification of the Environmental Impact Report for the Hellman Ranch Specific Plan; • Ordinance No. 1423 (October 27, 1997) approved a change in the land use designations of sections of the Project Area affected by the Hellman Ranch Specific Plan; • Ordinance No. 1392 (December 12, 1994) created time limits on the establishment of loans and indebtedness, effectiveness the Riverfront Project Area (original and added territories), payment of debt, and receipt of tax increment revenues; • Ordinance No. 1278 (March 6, 1989) made certain changes to the text of the Redevelopment Plan; • Ordinance No. 1235 (December 8, 1986) established certain limitations in connection with the Redevelopment Plan for the Riverfront Redevelopment Project pursuant to Health and Safety Code Section 33333.4; • Ordinance No. 1103 (September 14, 1981) made certain changes to the Redevelopment Plan; • Ordinance No. 983 (December 29, 1975) added territory to the Project Area; and; • Ordinance No. 937 (August 12, 1974) made certain changes to the text of the Redevelopment Plan. The Riverfront Project Area encompasses roughly 194 acres generally within the "Old Town" area of Seal Beach. Roughly 160 acres of the Project Area is designated for residential use while the remainder is allocated for commercial uses. The Project Area is located along the eastem side of the San Gabriel River, from the Pacific Ocean north to Pacific Coast Highway and extending north of Pacific Coast Highway to include the State Lands Property and portions of the Hellman Ranch. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 10 THIRD FIVE -YEAR IMPLEMENTATION PLAN The Riverfront Project Area includes the following developments: • Bridgeport, a planned residential community of 176 homes; • Riverbeach Condominiums, a 80 -unit condominium project; • Seal Beach Trailer Park, a 125 -space trailer park; • Oakwood Apartments, a 549 -unit apartment complex; • Bay City Center, a neighborhood commercial center comprising of roughly 45,000 square feet of gross space for lease; and • The Greenbelt, a city -owned open space area of 5.48 acres which runs from Fifth Street to Seal Beach Boulevard and includes the Mary Wilson Library and Red Car Museum. The original Report to Council dated January 31, 1969, described the physical, social, and economic blighting conditions that were the basis for the need of redevelopment activities in the Project Areas. Among these conditions were: • Long and narrow parcels of inadequate shape and size that limit the usefulness of neighboring properties and area; • Poor drainage of existing streets resulting in 6 to 8 inches of flooding during and after minor storms; • Absence of adequate utility services and street lighting; • Inadequate pumping facilities to prevent the inundation of the San Gabriel Flood Control Channel; • Inadequate capacity of the existing sanitation plan to process the growth of daily flows as a result of increasing residential development throughout the City; • • Lack of necessary community facilities such as parks, playgrounds, community and parking facilities to serve residents and the beach and commercial uses on Main Street; • • Significant decrease in total assessed valuation of Project Area properties due to the demolition and removal of the Los Angeles Department of Water and Power Steam Plant (97% decrease) and the removal of the Dow Chemical Plant (53% decrease). ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 11 THIRD FIVE -YEAR IMPLEMENTATION PLAN Prior Plan Period Accomplishments The Agency has actively pursued redevelopment of the Riverfront Redevelopment Project Area (including the amendment area) since the original • adoption of the Redevelopment Plan in 1969. Examples of projects and expenditures over the last five year period include: • $42,000 invested in Library improvements; • Investments in the Replacement of the West End Pump Station and the Corporation Yard NPDES/Water Quality Facilities. Riverfront Blighting Conditions At the time of adoption, inadequate public infrastructure and improvements was considered a sufficient condition of blight in a redevelopment project area. This continues to be a blighting condition within the Riverfront Project Area. • ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 12 THIRD FIVE -YEAR IMPLEMENTATION PLAN Five -Year Implementation Plan Objectives The Agency will invest resources to build and upgrade the West End Pump Station over the next five years and has established the following strategies for the FY 2004 -05 through 2008 -09 Five -Year Implementation Plan, should revenues exceed projections: • Provide additional funding to pay debt service on tax allocation bonds. • Invest funds to maintain and upgrade public infrastructure Financial Resources The Riverfront Project has produced an average of $1 million in tax increment annually, with nearly sixty percent (60 %) of the funds dedicated for debt service, twenty percent (20 %) for Housing Set -Aside Funds, and roughly two percent (2 %) for administration with the remainder being available for redevelopment activities. The Agency expects tax increment to remain the primary source of revenue over the next several years, but it will also benefit greatly from proceeds obtained through land sales Table 2 presents the revenues (excluding low /moderate housing) that the Agency may have available over the next five years to fund Implementation Plan activities. The projections are based on a 2% annual increase in secured assessed values over the five year period. The following table outlines projected tax increment receipts, taxing entity's fiscal mitigation payments, loan and debt service payments, and projected Agency administration costs. Funds available to implement future programs are identified as the remaining funds net of these operation and debt service obligations. The City projects to receive over $5.5 million in tax increment over the next five years. ROSENOW SPEVACEK GROUP INC. 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W ( w w 0< CL 0_ • Anticipated Planning Period Projects and Programs Table 3 describes the proposed non - housing programs planned for the next five years for the Riverfront Project Area including the projected time frame for implementation, Agency goals, and blighting conditions the programs will address. Anticipated program expenditures are based on projected tax increment revenue expected for FY 2004 -05 to FY 2008 -09. Actual funding is subject to change, depending upon assessed valuation changes and development within the Riverfront Project Area. • ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 15 THIRD FIVE -YEAR IMPLEMENTATION PLAN • c• U) • w 2 MI Ce = p a (7 GA 0 N o c a a) i >- Z I- 0 Q ] co o NI Z Q' v O co I. cci W d d :: o cT coo 0Z H e0 0 • M 6 0 Z E V to Z F- W Q H W f- 2 uJ 2 Z O W J w w > a V U _ as a) 7 a) N W 4: A > o- j > o_ j co _0 I w w as ._. . .. w N m 1.-. G Z m o m 0 c W> r m � m mLL �,c c Z v Qm O m c c aa) a S 2 Q F- Z a) 0 Z a d d c s L c m a) of C m C m m O oa m U m U d la C • m c • m N N • O y o N r o v o o m co a w ..=- w o NI- H 7 N M v 0 , Al - O - U 0 O 2 2 m c v o m m 0 o m o m t o n E m ° O C m C U O U e v` v` m a Q Q a c a� E m n F- Lo co co cn 01 E w w E v 2 0 to v ,:: n` .- o -c 0 0 0-c o oo m 0 N N N N N Q as CL <? c) Z >- 0 0 0 0 0 >- r Z co I Q 4 CC 0 4a w a H 0 2 _ ar O d' Z = cc ,U W E d Z n F y H O z a a ? J 0 w w _ � c ca 0 d J o C p y 413 m C 0 ca Z > ° E a a -I - = E O O a 1.. w 0 , z aw Ea m 0 Z a� 0. O V d G w ca 'i! W m 0 CC O . r >- a) 0 a m co Z > 0) w J 0. R = J co > a E .� CC w o �' m Q o a a a o 8 0 m W LL D w y F- 0 } 0 c to d 0 0 c > I- 0 E .o g 8 w O LLI SURFSIDE REDEVELOPMENT PROJECT AREA ;.�s ; ° !; The Surfside Redevelopment Project, created in December 1982, encompasses an area inclusive of the beach community of Surfside and three miles into the Pacific Ocean. The purpose of the Surfside Project was to build a seawall to protect the ocean front residences from inundation during heavy storms and high tides. This goal was permissible under Redevelopment Law at the time of implementation. At a cost of approximately $250,000, the seawall was completed in 1984 via a loan provided to the Agency. The Agency then repaid the City with generated increment. The Surfside Project Area includes the following development: • The rock revetment wall, designed to protect ocean front properties from flooding and erosion. Since repayment of the loan for the rock revetment wall, the Surfside Project has remained inactive in terms of further public projects or the generation of tax increment from the Project Area. The Agency's authority to issue bonds and seek loans expired in 1987. Absent any outstanding debts from the Surfside Project, all tax increment revenues have been returned to the respective taxing agencies. The Redevelopment Plan for the Surfside Project will expire in December 2022. The Agency has directed Staff to pursue deactivation of the Surfside Project Area. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 17 THIRD FIVE -YEAR IMPLEMENTATION PLAN 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. 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 during that three week period. Publication, mailing, and posting shall be completed not Tess than 10 days prior to the date set for hearing. During this process, the Agency may amend the implementation plan at any time after conducting a public hearing on the proposed amendment. Mid -Term Review Process At least once within the five -year term of this Implementation Plan, the Agency must conduct a public hearing and hear testimony of all interested parties for the purpose of reviewing the Redevelopment Plan and the corresponding implementation for each Redevelopment Project. This hearing must take place no earlier than two years and no later than three years after the adoption of the Implementation Plan. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 18 THIRD FIVE -YEAR IMPLEMENTATION PLAN Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 ATTACHMENT 3 TEN -YEAR AFFORDABLE HOUSING COMPLIANCE PLAN (2004 -05 THROUGH 2013 -14) - APPENDIX A TO THE RIVERFRONT REDEVELOPMENT PROJECT AND SURFSIDE REDEVELOPMENT PROJECT FIVE -YEAR IMPLEMENTATION PLAN (FY 2004 -05 TO 2008 -09), SEAL BEACH REDEVELOPMENT AGENCY, DATED NOVEMBER 14, 2005 2005 -09 Implementation PIan.CC Staff Report 14 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 ATTACHMENT 4 PROGRESS IN IMPLEMENTING REDEVELOPMENT ACTIVITIES • 15 2005 -09 Implementation PIan.CC Staff Report ozi Seal Beach Redevelopment Agency Tan -Year /Affordable Housin Compliance Plan (2004 -05 through 2013 -14) Appendix A to the Riverfront Redevelopment Project and Surfside Redevelopment Project 5 -Year Implementation Plan (2004-05 through 2008 -09) November 14, 2005 Seal Beach Redevelopment Agency 211 Eighth Street Seal Beach, CA 90740 • RSG INTELLIGENT COMMUNITY DEVELOPMENT ROSENOW SPEVACEK GROUP INC. 309 WEST 4TH STREET SANTA ANA, CALIFORNIA 92701 -4502 PHONE: (714) 541 -4585 FAX: (714) 541 -1175 E -MAIL: INFOCcr�.WEBRSG.COM Ten -Year Affordable Housing Compliance Plan Seal Beach Redevelopment Agency Table of Contents Introduction 1 Legal Requirements for this Housing Compliance Plan 3 Compliance with AB 637 and SB 701 4 Contents of the Housing Compliance Plan 4 Purpose 5 Methodology and Data Compilation 6 Affordable Housing Production Needs 7 Definitions and Data Compilation 7 Units Constructed or Substantially Rehabilitated Within the Surfside Project Area 8 Affordable Housing Provided Outside of the Project Areas 8 Inclusionary Housing Obligation Status 9 Inventory of Existing Deed- Restricted Units 9 Affordable Units Required 10 Past Inclusionary Unit Need 11 Current Five & Ten Year Period Inclusionary Unit Need 11 • Replacement Housing Production Needs 11 Estimated Housing Fund Resources & Projected Expenditures 12 Previous Programs and Expenditures 12 Estimated Housing Program Resources 12 Targeting of Housing Fund Expenditures 15 Family and Senior Housing 15 Projected Housing Fund Expenditures 16 Proposed Implementation Initiatives 16 Future Planning Period Housing Projects and Programs 16 Rental Assistance 17 Rehabilitation Grants 17 Housing Element Consistency 17 Administration of the Housing Compliance Plan 18 Implementation Plan Adoption Process 18 Mid -Term Implementation Plan Review Process 18 Int • This document is the Ten -Year Affordable Housing Compliance Plan ( "Housing Compliance Plan ") for the Riverfront ( "Riverfront Project ") and Surfside ( "Surfside Project ") Redevelopment Projects ( "Project Areas ") of the Seal Beach Redevelopment Agency ( "Agency "). This Housing Compliance Plan accompanies the Agency's Five Year Implementation Plan, which was adopted along with this Housing Compliance Plan by the Agency following a duly noticed public hearing held on November 14, 2005. This Housing Compliance Plan incorporates a summary of the Agency's affordable housing production activities since adoption of the Project Areas and presents an affordable housing production plan for the ten -year planning period (2004 -05 through 2013 -14). • The Project Areas are located in the City of Seal Beach ( "the City "), in Orange County, California, approximately 50 miles south of Los Angeles. A small city with a population of 24,098, Seal Beach sits on the coast as the gateway to Orange County between the cities of Long Beach and Huntington Beach. Seal Beach celebrated its 90th anniversary in October 2005. The City Council created the Seal Beach Redevelopment Agency in 1967 with the charge of conducting redevelopment activities and eliminating blighting conditions with the City. On March 3, 1969, the City Council adopted the Redevelopment Plan for the Riverfront Redevelopment Project Area via Ordinance No. 780. The Riverfront Project has been subsequently amended by the following Ordinances: • Ordinance No. 4572 (October 20, 1997) adopted an amendment related to the certification of the Environmental Impact Report for the Hellman Ranch Specific Plan; • Ordinance No. 1423 (October 27, 1997) approved a change in the land use designations of sections of the Project Area affected by the Hellman Ranch Specific Plan; • Ordinance No. 1392 (December 12, 1994) created time limits on the establishment of loans and indebtedness, effectiveness the Riverfront Project Area (original and added territories), payment of debt, and receipt of tax increment revenues; • Ordinance No. 1278 (March 6, 1989) made certain changes to the text of the Redevelopment Plan; • Ordinance No. 1235 (December 8, 1986) established certain limitations in connection with the Redevelopment Plan for the Riverfront ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 1 AFFORDABLE HOUSING COMPLIANCE PLAN Redevelopment Project pursuant to Health and Safety Code Section 33333.4; • Ordinance No. 1103 (September 14, 1981) made certain changes to the Redevelopment Plan; • Ordinance No. 983 (December 29, 1975) added territory to the Project Area; and; • Ordinance No. 937 (August 12, 1974) made certain changes to the text of the Redevelopment Plan. The Riverfront Project Area encompasses roughly 194 acres generally within the "Old Town" area of Seal Beach. Roughly 160 acres of the Riverfront Project is allocated for residential use while the remainder is designated for commercial uses. The Riverfront Project is located along the eastern side of the San Gabriel River, from the Pacific Ocean north to Pacific Coast Highway and extending north of Pacific Coast Highway to include the State Lands Property and portions of the Hellman Ranch. The Riverfront Project Area includes the following developments: • Bridgeport, a planned residential community of 176 homes; • Riverbeach Condominiums, a 80 -unit condominium project; • Seal Beach Trailer Park, a 125 -space trailer park; • Oakwood Apartments, a 549 -unit apartment complex; • Bay City Center, a neighborhood commercial center comprising of roughly 45,000 square feet of gross space for lease; and • The Greenbelt, a city -owned open space area of 5.48 acres which runs from Fifth Street to Seal Beach Boulevard and includes the Mary Wilson Library and Red Car Museum. The Redevelopment Plan for the Surfside Project was adopted on December 1982 and last amended in 1993. The boundaries include the beach community of Surfside and three miles into the Pacific Ocean. With the completion of the rock revetment wall in 1984, the Surfside Project Area has remained inactive, and no longer collects tax increment. The wall was designed to protect ocean front properties from flooding and erosion. The redevelopment plan is scheduled to expire in December 2022. The Agency has directed Staff to pursue deactivation of the Surfside Project Area. The Surfside Project Area includes the following development: • The rock revetment wall, designed to protect ocean front properties from flooding and erosion. • ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 2 AFFORDABLE HOUSING COMPLIANCE PLAN Legal Requirements for this Housing Compliance Plan Pursuant to the requirements of Sections 33413(a) &(b)(4) and 33490(a)(2) &(3) of the Califomia Redevelopment Law ( "Law"), this Housing Compliance Plan sets forth the Agency's program to ensure that the appropriate number of affordable housing units, destroyed or caused to be destroyed as a result of a redevelopment project that receives direct assistance from the Agency, are replaced at the same levels of affordability as those at the time of destruction. In addition, the Law requires that the Agency provide an account of the amount of funds available in the Low and Moderate Income Housing Fund, the amounts projected to be deposited over the next five and ten years, and the programs and projects that will assist in the preservation, improvement, and increase of housing units affordable to very low, low and moderate income households. The Law provides for further definitions and requirements for the allocation of housing funds as summarized below: The Law defines and limits assisted 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; and Moderate - Income — persons or households whose gross income are greater than 80% but do not exceed 120% of the area's median income. The Law also requires the Agency to target its expenditures of housing set - aside funds on the provision of housing affordable to very low, low, and moderate income households. In addition, projects assisted through housing set -aside funds must remain affordable to households that fit these income categories for a period of 45 years for ownership units and 55 years for rental units. The Law 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; and Moderate - Not more than 35% of 110% (or 30% of 120% for rental projects) of the County median household income. The Riverfront Project was created in March of 1969, seven years before the Inclusionary Housing Requirement was integrated into the Califomia Community Redevelopment Law, Health and Safety Code Section 33000 et seq. In December 1975, Ordinance No. 983 added territory to the Riverfront ROSENOW SPEVACEK GROUP INC SEAL BEACH REDEVELOPMENT AGENCY PAGE 3 AFFORDABLE HOUSING COMPLIANCE PLAN Project. Pursuant to Section 33413(d)(1) of the Law, the inclusionary housing requirements of the Law applied only to redevelopment plans adopted on or after January 1, 1976. Hence, the inclusionary housing requirements do NOT apply to the Riverfront Project. However, because the Riverfront Project generates housing set aside funds on an annual basis, the Agency is required to spend such funds to preserve, improve, and increase the supply of housing that is affordable to very-low, low, and moderate income households. Because the Surfside Project Area was created in 1982, its inclusionary housing obligations are addressed in this Housing Compliance Plan. Compliance with AB 637 and SB 701 This Housing Compliance Plan is consistent with recent changes enacted into the Law, pursuant to Assembly Bill 637 (Lowenthal) and Senate Bill 701 (Torlakson). Among these significant amendments are: • 55/45 Year Minimum Affordability Periods: Effective January 1, 2002, all new or substantially rehabilitated dwelling units assisted by the Tax • Increment Housing Set -Aside Fund ( "Housing Fund "), replacement housing, and inclusionary housing must be affordable for 55 years (rental units) or 45 years (owner- occupied units). Units assisted, rehabilitated or constructed prior to January 1, 2002 may have shorter time limits. • Substantial Rehabilitation: After January 1, 2002, substantially rehabilitated dwelling units' means all units substantially rehabilitated with Agency assistance. Prior to January 1, 2002, substantially rehabilitated dwelling units referred to substantially rehabilitated multi - family rental dwelling units with three or more units regardless of whether there is agency assistance, or single family units substantially rehabilitated with Agency assistance. • Replacement Housing: Effective January 1, 2002, 100% of all replacement housing units must be affordable to the same income categories as those displaced. Previously, only 75% of the units had to match the displaced income categories. • Targeting Housing Fund Expenditures: Effective January 2003, the Law requires that Housing Fund assistance during the 10 -year Housing Compliance Plan mirror the community's needs, both in terms of the income categories needed, and the number of family (versus senior) housing needed. (Law provides an additional five years to meet this requirement if an agency deposited Tess than $2 million over the first five years of the Housing Compliance Plan.) Contents of the Housing Compliance Plan This Housing Compliance Plan has been developed to accomplish the following goals: ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 4 AFFORDABLE HOUSING COMPLIANCE PLAN • • To account for the number of affordable dwelling units, either constructed or substantially rehabilitated, in the Surfside Project Area since adoption; • To forecast the estimated number of dwelling units to be privately developed or substantially rehabilitated in the Surfside between fiscal years 2004 -05 and 2013 -14 and over the duration of the Redevelopment Plan; • To forecast the estimated number of dwelling units to be developed or substantially rehabilitated by the Agency between fiscal years 2004-2005 and 2013 -2014; • • To project the availability of Agency revenue for funding affordable housing production; • To identify implementation policies /programs and potential sites for affordable housing development; • To establish a timeline for implementing this Housing Compliance Plan to ensure that the requirements of Section 33413(a) ( "replacement requirements ") are met during the ten -year period between fiscal years 2004 -05 and 2013 -14; and • • To review the consistency of Agency affordable housing goals, objectives, and programs pursuant to the City's Housing Element. Purpose Since January 1976, redevelopment agencies have been required to assure that at least 30% of all new or substantially rehabilitated units developed by the agency are available at affordable costs to households of very low, low, or moderate - income. Of this 30 %, not Tess than 50% must be available at affordable costs to very low- income households. Further, for all units developed in the project area by entities other than the agency, the Law requires that at least 15% of all new or substantially rehabilitated dwelling units within the project area be made available at affordable costs to low- or moderate - income households. Of these, not Tess than 40% of the dwelling units are required to be available at affordable costs to very low- income households. This requirement applies to redevelopment project areas adopted on or after January 1, 1976. Thus, any project area adopted before this date is not subject to the requirement. Because the Riverfront Project was adopted in 1969, and the added area was adopted in 1975, the Agency is not obligated to fulfill inclusionary housing obligations for this Project Area. Although the Surfside Project Area is inactive in terms of the collection of tax increment, it still must fulfill its inclusionary. housing requirements because it was established after 1976. In 1994, the Law was amended to require redevelopment agencies to prepare an Affordable Housing Compliance Plan that demonstrated how the agency would achieve the aforementioned affordable housing mandates. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 5 AFFORDABLE HOUSING COMPLIANCE PLAN These plans must be updated every five years to reflect new changes in projects or programs that address a city's housing needs. Methodology and Data Compilation This Housing Compliance Plan takes into account any and all housing units that were destroyed or caused to be destroyed as a result of an Agency - assisted redevelopment projects over the past five years, and an estimate of this statistic over the next five and ten years. Law requires that whenever dwelling units housing low and moderate - income households are destroyed as part of an agency project, the agency is responsible for ensuring that an equivalent number of replacement units are constructed or substantially rehabilitated. These units must provide at least the same number of bedrooms destroyed, and 100% of the replacement units must be affordable to the same income categories (i.e. very low, low, and moderate) as those removed. The agency receives a full credit for replacement units created inside or outside the project area. Pursuant to Section 33413 of the Law, the Housing Compliance Plan • accounts for new residential construction within the Surfside Project Area. In order to determine new construction that has occurred within this Project Area, RSG utilized MetroScan to pinpoint residential development that has been created since the adoption of its redevelopment plan in 1982. After identifying these units, it was then possible to calculate the City's inclusionary housing obligation under California Redevelopment Law. As guidelines for the targeted expenditures of the Riverfront Project's Housing Set Aside Funds, this Housing Compliance Plan uses the categorical housing figures provided by the Regional Housing Needs Assessment ( "RHNA "), effective from the period of 1998 to 2005. Pursuant to Section 33490 of the Law, the Agency is to expend the housing set aside funds in • proportion to the housing needs calculated for the very low, low and moderate income segments of the City's population. Further, the proportion of the City's population age 65 and over is to also guide the Agency's expenditures for senior housing. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 6 AFFORDABLE HOUSING COMPLIANCE PLAN Affordable Housing Production Needs " This section describes the Agency's projected housing production needs for the planning period (2004 -05 through 2013 -14) and over the greater duration of the Redevelopment Plan. Definitions and Data Compilation This Housing Compliance Plan takes into account all residential construction or substantial rehabilitation that has occurred within the Surfside Project Area since its inception in order to determine affordable housing production needs. This Housing Compliance Plan includes figures for existing residential construction and substantial rehabilitation, and projections for the number of additional dwelling units to be constructed or substantially rehabilitated during the next ten (10) years. The following sections define "new construction" and "substantially rehabilitated" as used in this Housing Compliance Plan, as well as the methodology used for collecting data on both existing and projected housing units. > New Construction. For the purposes of this Housing Compliance Plan, new construction represents building permits issued for the construction of new dwelling units actually built since the respective adoption dates of the Project Areas; therefore, these units would fall under the requirements for production of affordable housing within the Surfside Project Area pursuant to Section 33413 of the Law. ♦ Projections are affected by numerous complex factors such as: the general health of the local, regional, and national economy; employment levels; competition; practices and health institutions and inventory of existing housing. Based upon the recent economic trends, projection of the number of new units to be constructed over the next ten (10) years is difficult. Table 1 accounts for all units constructed through June 30, 2004, with inclusionary unit numbers adjusted accordingly. ♦ It should be noted that are no units developed by the Agency. According to Agency staff, the Agency does not anticipate directly developing or rehabilitating any dwelling units which would trigger the thirty percent (30 %) affordable housing requirement of Section 33413(b)(I) within the ten (10) year time frame of this Housing Compliance Plan. However, the Agency will continue to cooperate with and provide assistance and incentives to private developers, and nonprofits in order to meet affordable housing production goals. ➢ Substantial Rehabilitation. Califomia Redevelopment Law, as amended by AB 1290, defines "substantial rehabilitation" as: ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 7 AFFORDABLE HOUSING COMPLIANCE PLAN • "....rehabilitation, the value of which constitutes 25 percent of the after rehabilitation value of the dwelling, inclusive of the land value." 334 13(b) (2) (A) (iv) As defined by Law "substantially rehabilitated dwelling units" means: ♦ "On or after January 1, 2002, ...substantially rehabilitated dwelling units means all units substantially rehabilitated, with agency • assistance. Prior to January 1, 2002 substantially rehabilitated dwelling units means multifamily rented dwelling units with three or more units or substantially rehabilitated regardless of whether there is agency assistance and, with agency assistance, single- family dwelling units with one or two units." 33413(b)(2)(A)(iii) Units Constructed or Substantially Rehabilitated Within the Surfside Project Area Table 1 details the number of units built or substantially rehabilitated within the Surfside Project Area since adoption of the Redevelopment Plan in 1982. Since the creation of the Redevelopment Plan, only 7 new residential units have been created within the Surfside Project Area. SEAL BEACH rREDEVELOPMENTAGENCY r K y<a�z TABLE 1. -UNITStON OR REHABILITATED . SURFSIDEPROJECT, Units Throu • h December 1994 Units Constructed 6 Agency Developed Units 0 Privately.Developed Units 6 Units Substantially Rehabilitated 0 Subtotal New /Rehabilitated Units 6 Units Janua 1, 1994 - December 2000 Units Constructed 1 Agency Developed Units 0 Privately Developed Units 1 Units Substantially Rehabilitated 0 Subtotal New /Rehabilitated Units 1 Units Janua 1, 2001 - October 2005 Units Constructed 0 Agency Developed Units 0 Privately Developed Units 0 Units Substantially Rehabilitated 0 Subtotal New /Rehabilitated Units 0 Total New /Rehabilitated Units 7 • Affordable Housing Provided Outside of the Project Areas Section 334 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. The limited residential development in the Surfside Project Area has generated a small affordable housing ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 8 AFFORDABLE HOUSING COMPLIANCE PLAN production requirement, as demonstrated in Table 2. This requirement can be met by the 100 deed restricted units in the Seal Beach Trailer Park, located in the Riverfront Project Area. These units can be counted for a total of 50 units within the Surfside Project Area, which would more than offset the requirement generated by the limited residential development. Inclusionary Housing Obligation Status Table 2 details the Agency's inclusionary housing obligation status with updated total units constructed to date in the Project Areas, and those expected to be constructed from 2004 through the term expiration of the Redevelopment Plans. SEAL BEACH REDEVELOPMENT AGENCY _ TABLE 2 INCLUSIONARY HOUSING OBLIGATION STATUS - SURFSIDE PROJECT' Number of Total Number of Very VL Units L & M Units Developed/ Units Low, Low, & Moderate Required Over Required Over Rehabilitated Produced Units Required Life of the Plan Life of the Plan Buii from date of adoption through December 1994 Private/15% 6 0.9 0.36 0.54 Subtotal 6 0.9 0.36 0.54 o Substantially Rehabilitated Private/15% 0 0 0 0 5 4 New Construction Private/15% 1 0.15 0.06 0.09 Subtotal 1 0.15 0.06 0.09 >. Substantially Rehabilitated Private /15% 0 0 0 0 5 N n New Construction Private/15% 0 0 0 0 n Subtotal 0 0 0 0 Units Expected to be Built Over Remaining Project Tenn 0 0 0 0 Total Unit Requirements - Surfside 7 1.05 0.42 0.63 Inventory of Existing Deed - Restricted Units The Agency is obligated under 33490 to ensure that 15% of non - Agency developed units (and 30% of all Agency developed. units) are affordable to very low, low, and moderate income households, featuring .covenants that extend to at least the duration of the Redevelopment Plan. To satisfy the Agency's production needs, units that are either developed or substantially rehabilitated must be covered by restrictive covenants. Housing units created or assisted after 2001 must carry 45 -year covenants for single family units and 55 -year affordability covenants on multifamily units.' Units may be constructed inside or outside the Project Area, but units provided outside a project area count on a 2 -for -1 basis. The Agency may also purchase 55 -year affordability covenants on multifamily units. 1 45 years for ownership units or 55 years for rental units. Prior to January 1, 2002, affordability covenants could be as little as the duration of the redevelopment plan to count for meeting a redevelopment agencys affordable housing production requirements. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 9 AFFORDABLE HOUSING COMPLIANCE PLAN As previously mentioned, this requirement can be met by the 100 deed restricted units in the Seal Beach Trailer Park, located in the Riverfront Project Area. These units can be counted on a two for one basis, for a total of 50 units, which would offset the requirement generated by the development in the Surfside Project Area. Table 3 exhibits the credits the Seal Beach Agency has received towards inclusionary housing obligations. TABLE 3 CITY OF SEAL BEACH REDEVELOPMENT AGENCY LIST OF INCLUSIONARY HOUSING UNITS •A a I +.. • ` •^ z E. r F ' unit • u uriiid very-• "' 1;Uni�s >' :'� m e • ; • -. � ,.Total S Ntrntts W! ) Terms* COO WrthinLOutside- TTYPa' grist" x` iect • , Breakdown Vow ' . � Low r !A a 't #•ehUnits MOd • > ars • CPA's Fulkw SPA . :. aria . `. Total 'Credited Total Credited Total 1 Credited - Total 1 Credited Homebuyer Assistance Seal Beach Trailer Park 100 25 12.5 0 0 75 37.5 100 50 January 2030 50% Affordable Units Required Section 33413(b) of the Law requires that not less than 30% of any Agency - developed units ( "30% Units ") or 15% of privately developed units ( "15% Units ") produced during the next five and ten year period be affordable to low and moderate income households. The Law also requires that 50% of the 30% Units and 40% of the 15% Units be specifically limited and affordable to very low income households. These affordable housing production requirements should be met during the next two 5 -year periods, which ends on June 30 of fiscal year 2013 -14. Based upon the forecast of housing construction and inventory of affordable housing projects completed to date, Table 4 presents the Agency's affordable housing production requirement for the 10 -year planning period, as well as the entire duration of each of the Redevelopment Plan. TABLE 4 o d o SEAL BEACH REDEVELOPMENT AGENCY; °' + a 'RECONCILIATION OF AFFORDABLE INCLUSIONARY ; ,° d d d c c c P, 2 - UNITS FOR THE SECOND TEN YEAR HOUSING g c c E v E ; E c o a 0 3 c c 3 at o d o at oat o o 0 0 o COMPLIANCE PLAN 2004/05 - 2013/14' U B •- a • - —1 • ` w= e o o 2 Z —1 2 3 er r ? c Q Z c at o at o o m 3 p N teat o 2 5 e p .. ' 0 d� an Units Developed 1982 Through June 1994 Agency Developed 0 0 0 0 0 0 0 0 0 0 0 Privately Developed 6 0 6 0.9 0.54 0.36 0 0 0 -0.9 -0.36 Total Units Developed Prior to 1994 6 0 6 0.9 0.54 0.36 0 0 0 -0.9 -0.36 First 10 Year Planning Period 1994 - 2004 �•; d 9 Credited Units • Agency Developed 0 0 0 0 0 0 0 0 0 0 0 Privately Developed 1 0 1 0.15 0.09 0.06 50 37.5 12.5 Total Units Developed Durin• First Plannin. Period 1 0 1 0.15 0.09 0.06 50 37.5 12.5 49.85 12.44 Second 10 Year Planning Period 2004/05 - 2013114 Projected Agency Developed Units 0 0 0 0 0 0 0 0 0 0 0 Projected Privately Developed Units 0 0 0 0 0 0 0 0 0 0 0 Total Pro"ected Units for Second 10 Year Plannin• Period 0 0 0 0 0 0 0 0 0 49.85 12.44 ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 10 AFFORDABLE HOUSING COMPLIANCE PLAN Past Inclusionary Unit Need Since the adoption of the Surfside Redevelopment Plan in 1982, only 7 residential units have been constructed within the Project Area, triggering a very limited inclusionary housing obligation, as demonstrated in Tables 2 and 4. To satisfy the Agency's production needs, units that are either developed or substantially rehabilitated must be covered by restrictive covenants. Units constructed inside or outside the Project Area count on a 2 -for -1 basis. This requirement has been met by the 100 deed restricted units in the Seal Beach Trailer Park, located in the Riverfront Project Area. Current Five & Ten Year Period Inclusionary Unit Need As detailed in Table 4, the Agency has a surplus inclusionary housing production. The City needed to create 1.05 units over the lifetime of the _ Surfside Redevelopment Plan, but with the creation of the 100 deed - restricted units in the Seal Beach Trailer Park, the Agency has satisfied its inclusionary housing obligations as stipulated by California Redevelopment Law. Pursuant to Section 33413(b) of the CRL, an Agency has met its inclusionary housing obligation when the following conditions have been met; (1) for Agency assisted projects at not less than 50% of the dwelling units required to be made available (by the Agency) at affordable housing costs have been reserved and restricted for very low income households and the total number of required inclusionary units have been produced regardless of income classification; or (2) for privately developed projects not less than 40% of the dwelling units required to be made available at affordable housing costs (by the Agency) have been reserved and restricted for very low income households and the total number of required inclusionary units have been produced regardless of income classification. As the Agency has been credited with 100 inclusionary units, 25 of which are restricted for very low income households, the Agency has far exceeded its inclusionary housing unit production requirement of 1.05 units, .36 of which were required t� be made affordable to very low income households. During the next ten year planning period, the Agency intends to continue its efforts to create and preserve low and moderate income affordable units. Replacement Housing Production Needs The Law requires that when dwelling units housing low and moderate - income households are destroyed as part of an Agency project, the Agency is responsible for ensuring that an equivalent number of replacement units are constructed or substantially rehabilitated. These units must provide at least the same number of bedrooms destroyed, and 100% of the replacement units must be affordable to the same income categories (i.e. very low, low, and moderate) as those removed. The Agency receives a full credit for replacement units created inside or outside the Project Area. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY • PAGE 11 AFFORDABLE HOUSING COMPLIANCE PLAN According to Agency Staff, no units have been destroyed by Agency activity. Additionally, no units are expected to be destroyed or removed as a part of an Agency project during the planning period. Therefore, no units are expected to be replaced as a result of the Agency's housing actions during the upcoming Housing Implementation Plan period. Estimated Housing Fund Resources & Projected Expenditures Previous Programs and Expenditures The Agency has and will continue to provide direct rental assistance to very low and low income tenants at the Seal Beach Trailer Park. Averaging $180,000 annually, this assistance allocation totals $1.8 million dollars over the next ten years. The Agency also plans to continue its assistance to qualifying homeowners through its Rehabilitation Grant Program, which is projected to cost $1.4 million over the next five years. Table 5 summarizes the aggregate prior expenditures of the Agency's Housing Fund over Fiscal Years 2001 -02 through 2004 -05. SEAL BEACHAEDEVELOPMENT AGENCY: TABLE 5' EXPENDITURES OF HOUSING SET-ASIDE FUNDS , 7 2001- 02 2004 =05 `'t ;= ; ``' ' • a{ = Low %Mod‘:Set " 'Very, Low ",�.LowIncome o Husin Pro ect is al Dollars'• $. ` t s 7. Units-•'•< .�.,_ — �.. , 9 ,:1 , ,, , Aside .. Income.tlni i 2001 -02 "` �'`"' Trailer Park Rental Assistance $180,000 $180,000 13 2 Subtotal $180,000 $180,000 2002 -03 Trailer Park Rental Assistance $180,000 $180,000 20 2 Housing Rehabilitation Grants $34,986 $34,986 Housing Rehabilitation Loans $93,751 $93,751 Subtotal $308,737 $308,737 2003 -04 Trailer Park Rental Assistance $180,000 $180,000 25 2 Housing Rehabilitation Grants $131,412 S131,412 Housing Rehabilitation Loans $404,577 $404,577 Subtotal $715,989 $715,989 2004 -05 Trailer Park Rental Assistance $180,000 • $180,000 21 2 Housing Rehabilitation Grants $23,503 $23,503 Subtotal $203,503 5203,503 GRAND TOTALS $1,408,229 $1,408,229 Sources: City of Seal Beach Finance Department, State Housing and Community Development 2001/02, 2002/03, 2003/04 and 2004/05 Reports to Housing Agency. Estimated Housing Program - Resources_ The Agency's primary source of revenues for housing program implementation is the 20% Housing Set -Aside Fund. The Law requires that not Tess than 20% of all tax increment revenue allocated to the Agency must ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 12 AFFORDABLE HOUSING COMPLIANCE PLAN be used to increase, improve, and preserve the community's supply of housing available, at affordable housing cost, to persons and families of very low, low, and moderate - incomes. Table 6 summarizes the Agency's Housing Fund balance, as well projected revenues and expenditures over the duration of this Housing Compliance Plan. The forecast of revenues is based on a conservative 2% growth rate in Riverfront Project Area secured assessed values. The cash flows are based on estimates of the tax increment funds only. Based on these projections, the Agency will accumulate approximately $2,967,566 dollars over the next ten years in housing set aside funds and other sources of revenue for the Housing Set Aside Fund. The Agency's • beginning cash balance is $490,594. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 13 AFFORDABLE HOUSING COMPLIANCE PLAN O . w 0 c m u ° ) m c t ID D m N 0 .- N r . m F .m+ 0 r) W CO CO n A O Of o) o) m -3 .0 O r.- 0 O .- N 0 O C 0 sf 0 3 r H m r m m 0 0 el n n 1- Q . m CO N V r 0 0 co 0 W O- W w O } w N w av of v < 0 z a N N Z 5 X N 0 0 O 0 0 0 C O N N r w a z - 0 et n r r r i m t 0 9 r 0 0 v u0) n O ° 6... a v r Cl - 0 N O W R n N N O R m r r 0 el o � n CO s- m w Z 0 - 0 N N 49 N M CL 49 N N 49 W el e- ▪ 0 n y 0 ) 0 0 0 N 0 p 0 O 0 0 m {� Q O) m O m0 N g° ° )d A 000 O r x w O N co •r- r T G sr 7 < O O O O r7 = w d N r) h r) N v I n CO y N N N 0 J } N N N N N v . < Q UJ Of N N N 03 13 Ce 0 r O r n J Q sr as B as es ' O O O 4 O O O O r) < LL O r O N• N O m 0 O 0 0 0 0 0 N Q CO a- N r) P) N N . el CO ° C N 0 0 } N 69 N N N N .. re N 49 N N n 0 a r � °° O r r 0 • N 0 N H n 0 0 0 0 0_ 0 0_ A w E O m O O 0 O C Y N 0 0 0 0 n m N r) n n VI CO .. 0 n CO 0 CO CO < } N N 49 w N N .,.. cm ... w N N N O m O CO m ) p O )D < O o O O n m N r N W N .- to CO 0 O O O O a) y .- N t r 7 N" 0 M O sf V V; O o O 0 N 3 ri � -.`% O d 0 N N at v Col I n CO 0 0 0 m h • Fa w N N N E O) iv {.i M LL m c0 t0 1 t e n - b O to 40 .0 a W O N ▪ O N N 0 O) O N O M ri ri E = m 0 F O O) n n 0 0 0 0 O N N N 0 E m d w N N N 0 C d w w w N w ') i - tip - -' 5 N r1 O m V a CO O m o00 0 0 t ,}':, y O) O C N N 1�O O m 0 0 0 0 0 0 0 0 0 9 N N r 0 N 0 0 r 0 0 0 O 0 • as 0 0 m N O In < A m O m O) CO 0 V d 0 N N n 0 0 s- N .... n .. n 0 m } N N N N N 49 ._. y ,.. {n 2 N w cos N D. 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W y z a,a. d atl y 0 < E d Z • m o d ▪ c n CO tu Q ro K CO 8 oy2 z a U z m 0 w u. ` 3 8 c 0 � ? v w c rae6 � �`e w w w > I-. < o 0 W a - < 0 m • om z � < W< m J a ` m E m J u` E u v a w w w m y d m U O al > E~ - P m e m a ❑ C m 0 7 CO ad O Z < e 0 D U iO p s 0 . E E m °' - d 0 ,2 m F., c > a N j e a is F W y o v O,0 Ill m'Z c d 5 : < y < > y d m m u N Ud a CO < a 01- E~ < E =0I- F CC co < a- d O rt za N _1 m m I- < 2 0. 0 H y i . • Targeting of Housing Fund Expenditures The Southern California Association of Governments issued its RHNA report which itemized the income specific housing unit goals that the various cities within its planning boundaries should aim to meet during the planning period ranging from 1998 to 2005. Based on the figures displayed in Table 7, the Agency's Housing Fund expenditures must be spread among the following categories: Unrestricted (can be used for very-low, low, and moderate income units) 58 %, Low - Income 13 %, and Very Low- Income 29 %. The $3,634,915 of available Housing Fund revenue would be allocated based on these RHNA -based ratios. SEAL BEACH REDEVELOPMENT AGENCY ' ; TABLE 7 REGIONAL HOUSING NEEDS ALLOCATION • UNITS BY INCOME CATEGORY Income Category RHNA Units % of Total Allowable Expenditures Very Low 76 29% $1,042,466 Low 35 13% • $480,083 Unrestricted /1 154 58% $2,112,366 Total 265 100% $3,634,915 Source: Southem Califomia Association of Governments 1) Funds may be used to provide housing for Very Low, Low and Moderate Income Pursuant to Section 33334.4(a) of the Law, Housing Fund expenditures over the period of the Implementation Plan must be expended for very low and low income households at a minimum as the same proportion to the City's fair share of the RHNA unit need for very low, low and moderate income units. Family and Senior Housing Section 33334.4(b) requires that Housing Fund expenditures for senior housing also be in proportion to the community's senior population. According to the 2000 Census data, 9,068 (37.5 %) of the City's 24,157 residents are 65 years of age or more. Thus, the Agency may expend not more than 37.5% or $1,363,093 of the total available housing set aside funds for the provision of senior housing units over the next ten years. This is further delineated in • Table 8. SEAL BEACH REDEVELOPMENT AGENCY TABLE 8 PORTION OF RESIDENTS 65 YEARS OF AGE AND OVER Age Number of Persons Percentage Allowable Expenditures 65 and Over 9,068 37.50% $1,363,093 Source: United States Census 2000. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 15 AFFORDABLE HOUSING COMPLIANCE PLAN Projected Housing Fund Expenditures Table 9 presents a summary of the Agency's proportional housing expenditures for senior and affordable housing income projects relative to the RHNA and senior housing statistics indicated above. The Agency plans to spend all available housing funds, net of operational and administrative costs, on the ongoing rental assistance and home rehabilitation loan and grant programs. • SEAL BEACH REDEVELOPMENT AGENCY TABLE 9 PROJECTED HOUSING FUND RESOURCES SUMMARY Totals Beginning Cash Balance $490,594 Projected Tax Increment Set -Aside Revenue $2,967,567 Other Revenue Income to Housing Fund $906,696 Subtotal $4,364,857 Total Debt Service Administration and Operation ($652,797) Net Revenue Available for Pro'ects and Pro. rams $3,712,060 10 Year Estimated Allocation of Funds b Income Grou • RHNA % Income Group/ Minimum Expenditures Projected Amount 48% Very Low $1,744,759 22% Low $799,681 30% Unrestricted (very low, low & moderate) $1,090,475 $3,634,915 • Senior Citizen Housin • Allocation Senior Population (Limitation) 37.5% $1,363,093 Proposed Implementation ' s { The Agency proposes to implement the following programs to assist in the development of housing projects that can translate into low- and moderate - income units which the Agency can then use in other affordable housing efforts. Future Planning Period Housing Projects and Programs Available housing set aside funds will contribute to the continued rental assistance of residents in the Seal Beach Trailer Park as well as assist qualifying homeowners with rehabilitation grants. The estimated Agency contribution is detailed in the following table. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 16 AFFORDABLE HOUSING COMPLIANCE PLAN r , FIVE YEAR IMPLEMENTATION PLAN - RIVERFRONTPROJECT TABLE 10 SEAL BEACH REDEVELOPMENT AGENCY Y'. PROJECTS AND P ROGRAMS Estimated Pro.ramlPro'ect Time Frame Goals Achieved A. enc Cost Seal Beach Trailer Park 2004 -05 Preserve and Expand the Stock of Housing available $1,800,00 Rental Assistance Program thru to low- and moderate - income households 2013 -14 Housing Rehabilitation Grants and Loans 2004 -05 Preserve and Expand the Stock of Housing available 51,834,915 thru to senior households 2013 -14 TOTAL ESTIMATED COST 53,634,915 The Agency may, to the extent permitted by Law and land use designation, inside or outside the Project Areas, acquire, sell, lease, or donate land, improve sites, acquire affordability covenants, construct or rehabilitate structures, or use any other method authorized by Law, in order to provide housing for persons and families of low- or moderate - income. The Agency may also provide subsidies to, or for the benefit of, such persons and families or households to assist them in obtaining affordable housing within the City. Rental Assistance As of August 2005, the Agency was providing assistance to 8 very low income units and 79 low and moderate units. This assistance is anticipated td continue for the term of the Riverfront Project Area. Rehabilitation Grants With the goal of continuing to preserve, enhance, and expand the stock of quality housing affordable to low income families, the Agency will seek to secure partnerships with property owners willing to rehabilitate and /or upgrade their properties within the City. Housing Element Consiste Because this Housing Compliance Plan focuses on providing housing for low to moderate - income households, generally the most difficult segment of the community to provide housing for, it is consistent with the Housing Element's goals to provide a variety of housing types, assist in the development of affordable housing, and preserve the affordability of housing for lower income households. Both this Housing Compliance Plan and the Housing Element state that there is a definite need to ensure an adequate supply of housing for the lower income segments of the community. A major focal point of the goals, policies, and objectives of the Housing Element is to provide housing for all economic segments of the City, specifically lower income families. Consistent with the Housing Element, a major goal of the Housing Compliance Plan is to provide housing for lower ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 17 AFFORDABLE HOUSING COMPLIANCE PLAN 1 • income residents. The proposed programs to meet this goal correlate with those programs found in the Housing Element. Administration of the Housing Compliance Plan The Agency is required to produce an Implementation Plan every five years, including the Housing Compliance component. After adoption of the first • Implementation Plan, a new Implementation 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, including the Housing Compliance 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 reviewing the Redevelopment Plan and the corresponding Implementation Plan for each Redevelopment Project. This hearing must take place no earlier than two years and no later than three years after the adoption of the Implementation Plan. ROSENOW SPEVACEK GROUP INC. SEAL BEACH REDEVELOPMENT AGENCY PAGE 18 AFFORDABLE HOUSING COMPLIANCE PLAN Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 Progress in Implementing Redevelopment Activities Current Designated Land Blighting Project Parcel Re -use Conditions Description Status 1 Commercial Vacant Hotel and retail This property has been deed - (Hellman Ranch project restricted for wetland restoration Property) entitlement pursuant to decisions of the Coastal being sought Commission. 2 Residential Existing oil /gas Future low The Agency pursued a residential (Exxon /Chevron use density project on this site but was Property) residential use unsuccessful in securing a development proposal. Exxon and Chevron are currently continuing remediation work on site. 3 Residential Seal Beach Rehabilitation Oakwood Apartments Completed (Oakwood Trailer Park and conversion In November 2000, the Seal Beach to tenant Apartments, Seal ownership Redevelopment Agency provided Beach Trailer Park) funding to LINC Housing for the purchase and rehabilitation of the 125 -unit Seal Beach Trailer Park, as well as conversion of the trailer park • to tenant ownership. The funding commitments for the project included: ❑ Tax - exempt bond issuance of $6.75 million, to be repaid by trailer park revenues; ❑ State MPROP loan of$lmillion; ❑ Bridge loan to LINC housing of $1 million, provided from the housing set -aside fund; ❑ Loan from the redevelopment agency of $1 million from the housing set -aside fund; and ❑ Grant from the Redevelopment Agency of $965,000 to LINC Housing, for rental subsidy over 12 years from the date of acquisition. The transfer to tenant ownership occurred on September 15, 2005 and the repayment of the Bridge Loan occurred at that same time. 2005 -09 Implementation Plan.CC Staff Report 16 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 Progress in Implementing Redevelopment Activities Current Designated Land Blighting Project Parcel Re -use Conditions Description Status 4 Residential Eliminated Low density Bridgeport project developed as a (Bridgeport) residential planned residential community of 176 homes. 5 Residential Eliminated Condominium An 80 -unit condominium project was (Riverbeach) project developed in 1988. 6 Public Eliminated Park Completed as Marina Park. (Marina Park) 7 Residential Eliminated . Low density Bridgeport project developed as a (Bridgeport) residential planned residential community of • 176 homes. 8 Commercial Eliminated Commercial A highway commercial center (PCH Plaza) • center completed at Pacific Coast Highway and Fifth Street. 9 Commercial/ Park Vacant Hotel project to The Specific Plan identifies this area (DWP Property) be pursued as a potential site for hotel development. The property has been sold to a new owner, who is holding property for improved economic condition and evaluating alternative development proposals. 10 Commercial/ Park Vacant Hotel project to The Specific Plan identifies this area (DWP Property) be pursued as a potential site for hotel development. The property has recently been sold to a new owner, who is holding property for improved economic condition and evaluating • alternative development proposals. 11 -17 Public Eliminated Greenbelt Completed the Greenbelt, a City - (Greenbelt) owned open space area containing a senior facility, new main public library, and museum devoted to the • Pacific Electric Railroad Red Cars. 18 Commercial Eliminated Neighborhood Completed the Bay City Center, a (Bay City Center) commercial neighborhood commercial center center with 45,000 square feet of gross leasable space. 2005 -09 Implementation Plan.CC Staff Report 17 Adoption of 2004 -05 through 2008 -09 Implementation Plan and 2004 -05 through 2013 -14 Housing Compliance Plan Redevelopment Agency Staff Report November 14, 2005 Progress in Implementing Redevelopment Activities • Current Designated Land Blighting Project Parcel Re -use Conditions Description Status 19 Commercial Abandoned Hotel and retail This is a state -owned property deed - (State Lands Property) oil /gas uses project restricted for commercial use only. entitlement Retail was initially a component of being sought the Hellman Ranch project. When the proposal for a golf course on this property did not proceed, the retail component was also put on hold. 20 Residential Eliminated — Planned This parcel is the Hellman Ranch (Hellman Ranch) Residential residential project, consisting of a 149 -acre site development community located on the Seal Beach ongoing Wetlands. Originally approved for 329 dwelling units, the plan has been modified to 64 single - family units due to site constraints and California Coastal Commission determinations. * * * * 2005 -09 Implementation Plan.CC Staff Report 1 •