RDA RES 1997-011 RESOLUTION NO. RDA 97-11
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY
ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT
BUDGET FOR FISCAL YEAR 1997-98.
WHEREAS, the Board of the Rancho Palos Verdes Redevelopment Agency desires to
adopt the following resolution adopting the capital budget for the 1997-98 fiscal year.
NOW, THEREFORE, BE IT RESOLVED, THAT THE BOARD OF THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY DOES HEREBY ADOPT THE FOLLOWING
1997-98 OPERATING AND CAPITAL BUDGET.
SECTION 1: The 1997-98 Revenue Budget is hereby adopted, establishing the
following revenue levels:
1997-98
PROGRAM ADOPTED BUDGET
Portuguese Bend Project Area $ 210,000
Abalone Cove Project Area 180,000
RDA Housing Set Aside Fund 108,000
Abalone Cove Debt Service Fund 833,681
TOTAL REVENUES $ 1,331,681
SECTION 2: An operating and capital budget for Fiscal Year 1997-98 is hereby
adopted as contained in the Annual Budget of the Rancho Palos Verdes Redevelopment
Agency attached hereto and incorporated and referenced as part of this resolution. The
following expenditure levels are hereby established:
1997-98
PROGRAM ADOPTED BUDGET
Portuguese Bend Project Area
Administration $ 43,160
RDA Engineering 32,500
Agency Attorney
12,000
Capital Projects 375,500
Abalone Cove Project Area
Administration $ 18,500
RDA Engineering 4,000
Agency Attorney
30,000
Capital Projects 4,691,000
Peer Review Consultants 20,000
RDA Housing Set-Aside Fund 5,000
Abalone Cove Debt Service Fund 498,681
TOTAL OPERATING AND CAPITAL EXPENDITURES $ 5,730,341
SECTION 2: Upon adoption of said Budget, the Board may revise and/or update
said Budget in part or in its entirety, depending on the Agency's fiscal resources,
circumstances, and needs.
SECTION 3: The Executive Director of the Rancho Palos Verdes Redevelopment
Agency shall be responsible for administration and execution of said Budget.
PASSED, APPROVED, AND ADOPTED THE 1ST DAY OF JULY, 1997.
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Ala it I/N/
IAGE CY HA rP 37'r•N
ATTEST:
,(ft:77)
A ENCY SECRETARY
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State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency,
hereby certify that the above Resolution No. RDA 97-11 was duly and regularly passed and
adopted by the said Redevelopment Agency at regular meeting thereof held on July 1,
1997.
AGENCY SECRETARY
-2- RESOL. NO. RDA 97-11
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I CITY OF RANCHO PALOS VERDES
I REDEVELOPMENT AGENCY
ANNUAL BUDGET
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for the fiscal year ending June 30, 1998
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I AGENCY OFFICIALS
I John Mclaggart
I Chair
IBarbara Ferraro
Vice Chair
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I Lee Byrd
IBoard Member
I Tom Hollingsworth
Board Member
I Marilyn Lyon
1 Board Member
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IPaul D. Bussey
Executive Director
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TABLE OF CONTENTS
I 1997-98 ANNUAL BUDGET
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
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IExecutive Director's Transmittal Letter i
Recap of Loans from City to Redevelopment Agency iii
IPortuguese Bend Fund (375) 1
1 Abalone Cove Fund (380) 15
RDA Housing Set Aside Fund (1 18) 30
IAbalone Cove Debt Service Fund (210) 32
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� RANCHO PALOS VERDES
' REDEVELOPMENT AGENCY
TO: HONORABLE CHAIRMAN AND MEMBERS OF THE RDA BOARD
1 FROM: EXECUTIVE DIRECTOR
DATE JULY 1, 1997
ISUBJECT: ADOPTED 1997-98 REDEVELOPMENT AGENCY BUDGET
' Under cover of this memorandum, the staff respectfully transmits the adopted
Redevelopment Agency budget for the 1997-98 fiscal year. The Rancho Palos Verdes
Redevelopment Agency (RDA) was established in 1984 with the primary purpose of
' providing mitigation measures to stabilize landslides in Abalone Cove and Portuguese
Bend.
' All expenditures in Portuguese Bend are paid for with loans from the City's General Fund or
from grants. For the most part, expenditures in Abalone Cove are made with proceeds from
County bonds sold in connection with the Landslide Settlement Agreement between the
' Redevelopment Agency, the County, and several property owners in Abalone Cove.
Consistent with our practice over the last several years, the budget is divided into two
separate programs based on the geographical boundaries of these two areas. This division
' of programs in the budget helps assure that County bond proceeds are not used in the
Portuguese Bend portion of the project area.
All operating and maintenance expenditures are budgeted in the Joint Powers Maintenance
Authority (JPMA). This is consistent with California Redevelopment Law that prohibits an
' Agency from performing maintenance and operations functions. Funding for maintenance
activities in the Abalone Cove area is provided for through the Abalone Cove Maintenance
Trust Fund. This fund was established as specified in the Landslide Settlement
Agreement. Funding for maintenance activities in the Portuguese Bend area is provided
through a grant from the City's General Fund.
' Portuguese Bend,
The Portuguese Bend portion of the Redevelopment Agency budget is currently comprised
' of four accounting areas: administration, engineering, agency attorney, and capital projects.
As mentioned above, the maintenance and operations functions are budgeted in the Joint
Powers Maintenance Authority. Most activities in the Portuguese Bend area are focused
on mitigation measures to stabilize the landslide. Funding is provided for monitoring land
movement through the use of a global positioning system (GPS).
' The Portuguese Bend RDA budget does not include any new capital improvement projects.
However, there are some de-watering well projects that were budgeted in the prior year that
30940 HAWTHORNE BOULEVARD/RANCHO PALOS VERDES,CA 90275-5391 /(310)377-0360/FAX(310)377-9868
will not be installed until this fiscal year. Therefore, these de-watering wells have been
rebudgeted. In addition, a pro-rata share of the U.S. Army Corps of Engineers Feasibility
Study is included in the Portuguese Bend budget. The feasibility study is discussed in
further detail later in this memo.
The adopted budget includes a loan to the Agency from the City's General Fund of ,
$200,000 to support the proposed activities in FY 1997-98.
Abalone Cove '
The Abalone Cove budget consists of five programs: administration, engineering, agency
attorney, capital projects, and peer review consulting. All landslide mitigation measures by
the RDA in the Abalone Cove area are related to a list of projects established by the
Abalone Cove Panel of Experts. The purpose of all projects (except the shoreline
protection feasibility study) is to remove water from the slide or to prevent the water from
reaching the slide plane.
Although money was included in the FY 1996-97 budget for the construction of projects
from the priority list established by the Panel of Experts, the actual construction did not
begin. However, the environmental review, planning, and construction design for these
projects is nearly complete. Over the past year, the Agency has attempted to obtain
easements from property owners for the improvements to be constructed. Concurrently,
the Agency is attempting to renegotiate the terms of the bond repayment with the County of
Los Angeles. The outcome of these negotiations may influence the selection and/or scope
of capital projects ultimately constructed.
The budget includes funding for four capital improvement projects including the Abalone
Cove sanitary sewer system, the Altamira Canyon drainage improvements, Abalone Cove
storm drain improvements, and a de-watering well adjacent to Kelvin Canyon. Although the
budget includes funds for negotiating easements related to the sewer and drainage
improvement projects, the actual cost of purchasing easements has not been included.
Fiscal year 1997-98 is the fourth year of City funding for a shoreline protection feasibility
study being prepared by the U.S. Army Corps of Engineers. The cost of the study is
divided between the Abalone Cove budget and the Portuguese Bend budget. Shore
protection is one of the priorities established by the Panel of Experts to help in stabilizing
the landslide. A feasibility study is scheduled to be held just before the beginning of the
fiscal year. Then a comprehensive analysis will be conducted analyzing the feasibility of
proceeding with shore protection improvements. Future funding requirements will be
analyzed as part of the review. The results of the study will be presented to the Agency
Board for further consideration of future activity.
jnespir7tfatty submitted,
Paul D. Bussey '
Executive Director
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NIB MINI • 1111111 NMI Ell MI MIN MI =III all 11111 MS 111111 OM • INN Ell NMI
RECAP OF LOANS FROM CITY TO REDEVELOPMENT AGENCY
1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 Total
PORTUGUESE BEND
Beginning loan balance 1,279,152 1,745,781 2,091,682 2,439,946 2,754,261 3,426,131 4,218,152 4,834,855 1,279,152
Plus:
Loan advance from City 318,400 165,000 133,000 133,000 457,000 435,000 250,000 200,000 2,091,400
Interest 148,229 180,901 215,264 181,315 214,870 357,021 366,703 423,681 2,087,984
Less:
Principal repayment 0 0 0 0 0 0 0 0 0
Interest repayment 0 0 0 0 0 0 0 0 0
Ending loan balance 1,745,781 2,091,682 2,439,946 2,754,261 3,426,131 4,218,152 4,834,855 5,458,536 5,458,536
1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 Total
ABALONE COVE
Beginning loan balance 200,332 737,566 0 0 0 0 0 0 200,332
Plus:
Loan advance from City 499,025 0 0 0 0 0 0 0 499,025
Interest 38,209 49,774 0 0 0 0 0 0 87,983
Less:
Principal repayment 0 (699,357) 0 0 0 0 0 0 (699,357)
Interest repayment 0 (87,983) 0 0 0 0 0 0 (87,983)
Ending loan balance 737,566 0 0 0 0 0 0 0 0
NM NM NMI Mil 11101 MI NM MI MI MIS ME MIN IIIII NM lall ME Sal NMI MN
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FUNCTION: FUND:
RDA - PORTUGUESE BEND RDA - PORTUGUESE BEND (375)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
';:�l� fie%" �+ �+'�''':'..�:�:�:.'::':�:;:�:,:.:;>:;::::•:•::::::::::::..•::::�...•••.•..,•'. ......�t....... ...............�. �y ;;++��
REVENUES
347.10 INTEREST EARNINGS 17,138 28,421 10,000 17,500 10,000
375.10 PV LANDHOLDINGS (GPS) 0 43,767 0 0 0
364.10 GRANT INCOME (FEMA) 60,486 24,201 0 0 0
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TRANSFERS
391.10 LONG TERM LOAN FROM CITY 457,000 435,000 250,000 250,000 200,000
��`••����'����'�i�"4 •�Vii'�� ����•••• �}�
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PROGRAM SUMMARY
PORTUGUESE BEND
ADMINISTRATION (720) 35,247 43,664 52,760 40,360 43,160
RDA ENGINEERING (721) 47,248 25,273 32,500 32,500 32,500
AGENCY ATTORNEY (722) 7,093 9,764 12,000 12,000 12,000
OPERATIONS & MAINTENANCE (724) 55,467 37,525 0 0 0
CAPITAL PROJECTS (725) 197,279 262,594 486,884 229,500 375,500
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PROGRAM: FUND:
RDA - PORTUGUESE BEND - ADMINISTRATION (720) RDA - PORTUGUESE BEND (375)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS&MAINTENANCE
.35 PROFESSIONAL/TECHNICAL SERVICES 16,074 22,183 31,800 19,400 22,200
.50 OPERATING SUPPLIES 150 757 500 500 500
.53 POSTAGE 0 0 0 0 0
.71 MEETINGS AND CONFERENCES 5,756 7,612 7,000 7,000 7,000
.72 MEMBERSHIPS AND DUES 10,348 12,831 13,460 13,460 13,460
.91 DEBT SERVICE-INTEREST 2,919 281 0 0 0
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����`��.� �.� � Ott :& ��`•� ���'��•:::::::::::::::::::::::::::;;;;:;.;;;::::���' ����:��.;.:.::::.:...::::
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Program: RDA Portuguese Bend Administration (375-720)
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Code Description Amount
' .35 PROFESSIONAUTECHNICAL SERVICES 22,200
' The FY 97-98 year end estimate is less than budgeted
because the level of the administrative support services was
less than anticipated. FY 97-98 activity provides for the
' following:
1. Administrative support for the Portuguese Bend portion
' of the RDA with the exception of capital projects.
($5,000)
1 2. Services of Washington lobbyist related to Army Corps
projects. ($6,000)
' 3. Annual auditing services. ($1,200)
4. Contract geotechnical consultants to assist in the
' review of projects not funded by trust deposits, and
those generally initiated by the City or Redevelopment
' Agency. ($10,000)
.50 OPERATING SUPPLIES AND MINOR EQUIPMENT 500
' The FY 97-98 budget is for blueprinting services for various
projects within the Portuguese Bend area.
' .71 MEETINGS AND CONFERENCES 7,000
' The FY 97-98 budget provides for landslide stabilization
conferences and meetings.
' .72 MEMBERSHIPS AND DUES 13,460
This line item provides for the following annual assessments
' or membership dues:
Abalone Cove Landslide Abatement
' District $ 5,560
Klondike Canyon Geologic Hazard
Abatement District $ 5,600
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California Redevelopment Association $ 1,500 I
California Marine Affairs and
Navigation Conference $ 650
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Portuguese Bend Community Association $ 150,
$13,460
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PROGRAM: FUND: '
RDA — PORTUGUESE BEND — RDA ENGINEERING (721) RDA - PORTUGUESE BEND (375)
YEAR—END '
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS&MAINTENANCE
.35 PROFESSIONAL/TECHNICAL SERVICES 47,248 25,273 32,500 32,500 32,500
.y+��p [� �•,�(:•::l{�y:./�.(� y�::M t�'f'�rhE tai � � �2>.St�Q.........: �..
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IProgram: RDA Portuguese Bend - Engineering 9 9 9 9
ICode Description Amount
I .35 PROFESSIONAUTECHNICAL SERVICES 32,500
I The FY 97-98 budget provides for monitoring of 48 monuments
in the Portuguese Bend, Klondike Canyon and Flying Triangle
Landslide areas. The frequency of the monitoring is
I prescribed by Dr. Perry Ehlig, the Agency geologist, and
performed through contract services.
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PROGRAM: FUND: '
RDA - PORTUGUESE BEND - AGENCY ATTORNEY (722) RDA - PORTUGUESE BEND (375)
YEAR-END ,
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS&MAINTENANCE
.40 LEGAL SERVICES 7,093 9,764 12,000 12,000 12,000
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IProgram: RDA Portuguese Bend -Agency Attorney (375-722)
ICode Description Amount
I .40 LEGAL SERVICES 12,000
I This line item provides for legal services for the
Redevelopment Agency Attorney. Actual expenditures will
vary from fiscal year to fiscal year depending on project
Iactivity.
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PROGRAM: FUND: '
RDA - PORT BEND - OPERATIONS & MAINTENANCE (724) RDA - PORTUGUESE BEND (375)
YEAR-END '
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS&MAINTENANCE
.20 LIGHT AND POWER 7,182 7,799 0 0 0
.30 MAINTENANCE SERVICES 45,393 28,674 0 0 0
.35 PROFESSIONAL/TECHNICAL SERVICES 2,892 1,052 0 0 0
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IProgram: RDA Portuguese Bend - Operations and Maintenance (375-724)
IOperations and Maintenance expenses related to the Portugese Bend area are shown in
the Portugese Bend portion of the Joint Powers Maintenance Authority budget.
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PROGRAM: FUND:
RDA - PORTUGUESE BEND - CAPITAL PROJECTS (725) RDA - PORTUGUESE BEND (375)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS&MAINTENANCE
.30 MAINTENANCE SERVICES 2,412 0 0 0 0
.35 PROFESSIONAL/TECHNICAL SERVICES 141,403 198,650 300,384 168,000 250,000
.50 OPERATING SUPPLIES &MINOR EQUIP 0 0 500 500 500
.55 LEGAL NOTICE PUBLICATION 673 376 0 0 0
CAPITAL OUTLAY
.82 IMPROVEMENTS OTHER THAN BUILDINGS 52,791 63,568 186,000 61,000 125,000
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IProgram: RDA Portuguese Bend - Capital Projects (375-725)
ICode Description Amount
I .30 MAINTENANCE SERVICES -0-
IThere will be no activity in FY 97-98.
.35 PROFESSIONAUTECHNICAL SERVICES 250,000
UThe FY 96-97 year-end estimate is less than budgeted
because projects costs were lower than anticipated and
I several projects were not completed. The FY 97-98 budget
provides for project specific professional services for the
administration and engineering services related to the
Iactivities listed below:
1. Participation in Army Corp of Engineers shoreline
I protection feasibility study. The amount budgeted reflects an
anticipated pro-rata share for Portuguese Bend, with the
remainder budgeted in Abalone Cove. The final amount will
1 depend on the direction of the study after the "F3" conference
scheduled for May 1997. ($235,000)
I2. Inspection services for the installation of several de-
watering wells. ($15,000)
I .50 OPERATING SUPPLIES AND MINOR EQUIPMENT 500
I This line item provides for blueprinting services and supplies
needed to implement the capital projects listed above.
I .55 LEGAL NOTICE PUBLICATION -0-
This line item provides for advertising services as required by
l the public bidding process, and to notify affected property
owners. It is anticipated that projects budgeted for FY 97-98
will not include special legal notification costs.
I .82 IMPROVEMENTS OTHER THAN BUILDINGS 125,000
IThe FY 96-97 budget provided funding for the installation of
five de-watering wells which included discharge lines,
electrical connections and all necessary well and equipment
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improvements. Many of these wells were not installed. I
Therefore, a portion of the de-watering well project has been
rebudgeted for FY 97-98.
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FUNCTION: FUND:
RDA - ABALONE COVE RDA - ABALONE COVE (380)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
��++.. ii ff Vi�cc;; .................. t... >.........
REVENUES
347.10 INTEREST EARNINGS 364,592 368,322 350,000 360,000 180,000
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PROGRAM SUMMARY
ADMINISTRATION (730) 17,268 26,410 33,500 16,500 18,500
RDA ENGINEERING (731) 13,306 3,016 4,000 4,000 4,000
AGENCY ATTORNEY (732) 1 1,945 31,957 30,000 30,000 30,000
OPERATIONS & MAINTENANCE (734) 24,492 0 0 0 0
CAPITAL PROJECTS (735) 491,935 309,278 5,175,363 288,400 4,691,000
PEER REVIEW CONSULTANTS (738) 0 0 50,000 0 20,000
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PROGRAM: FUND:
RDA - ABALONE COVE - ADMINISTRATION (730) RDA - ABALONE COVE (380)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS&MAINTENANCE
.35 PROFESSIONAL/TECHNICAL SERVICES 16,848 25,744 32,000 15,000 17,000
.50 OPERATING SUPPLIES 420 666 1,000 1,000 1,000
.53 POSTAGE 0 0 500 500 500
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Program: RDA Abalone Cove -Administration (380-730)9
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Code Description Amount
' .35 PROFESSIONAL AND TECHNICAL SERVICES 17,000
The FY 96-97 year-end estimate is less than budgeted
because of the reduced level of project activity. This line item
provides for technical and professional services for the
' following:
1. General administrative assistance not related to specific
' capital projects ($5,000).
2. An annual tax increment study in accordance with the
' terms of the Horan Settlement ($12,000).
.50 OPERATING SUPPLIES 1,000
' This line item rovides for miscellaneous blueprints and other
P p
supplies for general administration for the Abalone Cove
' project area.
' .53 POSTAGE 500
This line item provides for the mailings to residents and other
related correspondence.
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PROGRAM: FUND: ,
RDA -ABALONE COVE - RDA ENGINEERING (731) RDA - ABALONE COVE (380)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98 '
OPERATIONS&MAINTENANCE
.35 PROFESSIONAL/TECHNICAL SERVICES 13,306 3,016 4,000 4,000 4,000
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IProgram: RDA Abalone Cove - Engineering 9 9 9
Code Description Amount
1 .35 PROFESSIONAL/TECHNICAL SERVICES 4,000
I This line item provides for the contract services for annual
monitoring of twenty-two monuments, as recommended by Dr.
Perry Ehlig (Agency Geologist) and performed through
Icontract services.
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PROGRAM: FUND:
RDA - ABALONE COVE - AGENCY ATTORNEY (732) RDA - ABALONE COVE (380)
YEAR-END '
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS&MAINTENANCE
.40 LEGAL SERVICES 11,945 31,957 30,000 30,000 30,000
.�/� �ft �i [��` +`j •�}/�(
:::::i::::i::ii::is T;.i tS/�...........�Y...��F.........................................................................1............................t.47.+!f�..............:17...Y...�................i}?V.[���..............�� ....
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IProgram: RDA Abalone Cove -Agency Attorney 9 9 Y Y
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Code Description Amount
I .40 LEGAL SERVICES 30,000
I This line item provides for contract legal services to the
agency on an as-needed basis. Actual costs will vary from
year to year based on project activity.
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PROGRAM: FUND: ,
RDA - ABALONE COVE - OPERATIONS & MAINTENANCE (734) RDA -ABALONE COVE (380)
YEAR-END '
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS &MAINTENANCE
.20 LIGHT AND POWER 4,040 0 0 0 0
.30 MAINTENANCE SERVICES 2,775 0 0 0 0
.35 PROFESSIONAL/TECHNICAL SERVICES 17,677 0 0 0 0
.50 OPERATING SUPPLIES 0 0 0 0 0
1::: 5':::::�?::::::::1::!�i._t:i.'.�:I:::�f::Tsilitil::1?V!L\:ti::�C::�F{�.►.!�l:l:•�i.#al:..........................................F.............................................................................................................................
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I Program: RDA Abalone Cove - Operations and Maintenance (380-724)
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IOperations and Maintenance expenses related to the Abalone Cove area are shown in the
Abalone Cove portion of the Joint Powers Maintenance Authority budget.
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PROGRAM: FUND:
RDA - ABALONE COVE - CAPITAL PROJECTS (735) RDA - ABALONE COVE (380)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
OPERATIONS& MAINTENANCE
.30 MAINTENANCE SERVICES 220 0 0 0 0
.35 PROFESSIONAL/TECHNICAL SERVICES 321,208 287,897 568,963 286,500 378,000
.50 OPERATING SUPPLIES 25 300 1,000 500 1,000
.55 LEGAL NOTICE PUBLICATION 330 54 2,000 500 2,000
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CAPITAL OUTLAY
.82 IMPROVEMENTS OTHER THAN BUILDINGS 170,152 21,027 4,603,400 900 4,310,000
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IProgram: RDA Abalone Cove - Capital Projects (380-735)9 p 1
Code Description Amount
I .35 PROFESSIONAL/TECHNICAL SERVICES 378,000
I The FY 96-97 year-end estimate is less than budgeted
because several projects were not completed. This line item
provides for project specific professional services for the
I administration and engineering services related to the
activities listed below.
I 1. Participation in the Army Corps of Engineers shoreline
protection feasibility study: This amount includes an
anticipated pro-rata share for Abalone Cove, with the
I remainder budgeted in Portuguese Bend. The final
amount will depend on the direction of the study after
the "F3" conference. ($185,000)
I2. Abalone Cove Sanitary Y Sewer System: This amount
includes engineering services for design revisions and
Irevisions to easements, and inspection services during
project construction. Funds that may be required to
I actually purchase easements have not been included
in the budget. ($70,000)
I 3. Altamira Canyon Drainage Improvements: This amount
includes engineering services for the preparation of
easements, design services and or design revisions,
I and inspection services during project construction.
($60,000)
I 4. Abalone Cove Drainage Improvements: This amount
includes engineering services for the preparation of
easements, design services and or design revisions,
I and inspection services during project construction.
($60,000)
IS. Kelvin Canyon De-watering Well: This amount includes
inspection services during the project construction.
($3,000)
I .50 OPERATING SUPPLIES AND MINOR EQUIPMENT 1
Q ,000
IThe FY 96-97 year-end estimate is less than budgeted
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because several projects were delayed and are being re- II 1
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budgeted in FY 97-98. This line item provides for supplies for
capital projects.
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.55 LEGAL NOTICE PUBLICATION 2,000
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The FY 96-97 year-end estimate is less than budgeted
because several projects were delayed and are being re- ,
budgeted in FY 97-98. This line item provides for legal notice
publication of capital projects.
.82 IMPROVEMENTS OTHER THAN BUILDINGS 4,310,000
The FY 96-97 year-end estimate is less than budgeted I
because several projects were delayed and are being re-
budgeted in FY 97-98. These improvement projects were
identified by the Panel of Experts to reduce the level of ground
I
water seepage into the landslide area. The FY 97-98 budget
includes the following projects:
1. Abalone Cove Sanitary Y Sewer System: Construction of
a sanitary sewer system in Abalone Cove ($2,000,000).
I
2. Altamira Canyon Drainage Improvements: Construction
of debris basins, channel lining, and other channel I
improvements in Altamira Canyon ($1,250,000).
3. Abalone Cove Drainage Improvements: Provides for ,
the construction of a storm drain system of inlets, pipes,
culverts, and open channels within the existing
developed areas ($1,000,000).
111
4. Kelvin Canyon De-watering Well: Conversion of an
existing monitoring well into a de-watering well. An
I
existing monitoring well will be equipped with a pump
and discharge facilities. The final cost of this well may
be less than budgeted if Southern California Edison
agrees to pay a portion of the costs of providing electric
power to the site ($60,000).
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PROGRAM: FUND: '
RDA - ABALONE COVE - PEER REVIEW CONSULTANTS (738) RDA - ABALONE COVE (380)
YEAR-END ,
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98 '
OPERATIONS&MAINTENANCE
.35 PROFESSIONAL/TECHNICAL SERVICES 0 0 50,000 0 20,000
.50 OPERATING SUPPLIES 0 0 0 0 0
1
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I
IProgram: RDA Abalone Cove - Peer Review Consultants (380-738)
ICode Description a Amount
I .35 PROFESSIONAL/TECHNICAL SERVICES 20,000
I The Panel of Experts disbanded during FY 95-96. As such,
the FY 96-97 year-end estimate reflects no activity. However,
there may be need for review work by the new peer review
Iconsultants in FY 97-98.
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I29
FUNCTION: FUND:
RDA HOUSING SET-ASIDE (318) RDA HOUSING SET-ASIDE (118)
YEAR-END
ACTUAL ACTUAL BUDGET ESTIMATE BUDGET
1994-95 1995-96 1996-97 1996-97 1997-98
REVENUES
311.10 PROPERTY TAX INCREMENT 55,648 70,491 60,000 70,000 75,000
347.10 INTEREST EARNINGS 22,454 27,565 30,000 30,000 33,000
........::......:.
EXPENDITURES
OPERATIONS &MAINTENANCE
.35 PROFESSIONAL/TECHNICAL SERVICES 0 2,000 4,000 4,000 5,000
1!� `--g Qom• � t :..........•.'..:i�•
30
I
IProgram: RDA Housing Set-Aside Fund (118-318)9
The Housing Set-Aside Fund is used to account for the portion of Redevelopment tax
I increment monies to be set-aside for the development of low and moderate income
housing. This Set-Aside of tax increment is a requirement under the California
Redevelopment Law, Section 33334.
ICode Description Amount,
I .35 PROFESSIONAL/TECHNICAL SERVICES 5,000
This line item provides for consulting services to assist the
I Agency in the administration of the Housing Set-Aside
program development and reporting requirements.
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IProgram: RDA Debt Service Fund (210-610)
IThe Debt Service Fund is used to account for the accumulation of resources for, and the
' payment of, principal and interest on the Redevelopment Agency's debt and other long-
term obligations. The Agency's gross property tax increment is recorded as a revenue
item in this fund. Property tax increment is the portion of property taxes attributable to the
I Redevelopment Agency project area that exceed the fixed base year amount. The base
year is the year in which the Agency was formed.
ICode Description Amount,
395.50 LONG TERM ADVANCE FROM CITY 423,681
IThis line item provides for a long term advance from the City
to the Agency to record the unpaid accrued interest on all
I outstanding loans from the City to the Agency. The interest
expense is recorded below under account code .91.
I .92 PASS THRU TO LOS ANGELES COUNTY 65,000
Property tax increment revenues are recorded as a gross
Iamount. However, the Agency does not receive 100% of the
tax increment. The Los Angeles County Fire Protection
I District receives approximately 17% of the tax increment. This
budget line item reflects the portion of the tax increment that
is remitted to the Fire District directly by the County.
I .35 PROFESSIONAL/TECHNICAL SERVICES 19,000
I This line item provides for the payment of an administrative fee
to the County for their expenses in administering the property
tax system. All entities are charged an administrative fee by
I the County and it is anticipated that the fees will be increased
in FY 97-98.
I .91 INTEREST EXPENSE ON CITY LOAN 423,681
This line item provides for recording the interest expense
Iaccumulating on loans from the City to the Redevelopment
Agency.
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