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RDA RES 1999-010RESOLUTION NO. RDA 99 -10 A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 1999 -00. WHEREAS, the Board of the Rancho Palos Verdes Redevelopment Agency desires to adopt the following resolution adopting the capital budget for the 1999 -00 fiscal year. NOW, THEREFORE, BE IT RESOLVED, THAT THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY DOES HEREBY ADOPT THE FOLLOWING 1999- 00 OPERATING AND CAPITAL BUDGET. SECTION 1: The 1999 -00 Revenue Budget is hereby adopted, establishing the following revenue levels: 1999 -00 PROGRAM ADOPTED BUDGET Portuguese Bend Project Area $ 27,500 Abalone Cove Project Area 140,000 RDA Housing Set Aside Fund 110,000 Abalone Cove Debt Service Fund 1,076,000 TOTAL REVENUES $ 1,353,500 SECTION 2: An operating and capital budget for Fiscal Year 1999 -00 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: 1999 -00 PROGRAM ADOPTED BUDGET Portuguese Bend Project Area Administration $ 40,460 RDA Engineering 32,500 Agency Attorney 10,000 Capital Projects 201,500 Abalone Cove Project Area Administration $ 8,500 RDA Engineering 4,000 Agency Attorney 30,000 Capital Projects 5,175,835 RDA Housing Set -Aside Fund 550,000 Abalone Cove Debt Service Fund 1,114,850 TOTAL OPERATING AND CAPITAL EXPENDITURES $ 7,167,645 SECTION 3: 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 4: 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 JUNE, 1999. AG CY CHAIRPERSON ATTEST: ENCY SECRETARY State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) 1, JO PURCELL, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency, hereby certify that the above Resolution No. RDA 99 -10 was duly and regularly passed and adopted by the said Redevelopment Agency at regular meeting thereof held on June 1, 1999. AGENCY SECRETARY -2- Resol. No. RDA 99 -10 I CITY OF RANCHO PALOS VERDES i REDEVELOPMENT AGENCY & IMPROVEMENT AUTHORITY I TWO YEAR BUDGET i for the fiscal years ending June 30, 2000 I and June 30, 2001 I AGENCY/AUTHORITY OFFICIALS I Tom Hollingsworth I Chair I Lee Byrd Vice Chair I I Barbara Ferraro I Board Member I Marilyn Lyon Board Member John McTaggart I Board Member ILes Evans Executive Director/Chief Administrative Officer I I I I I I I I 1 Rancho Palos Verdes Redevelopment Agency & Improvement Authority Two Year Budget FY 99-00 & 00-01 I I I I I I I I I I I I TABLE OF CONTENTS ICITY OF RANCHO PALOS VERDES REDEVELOPMENT AGENCY & IMPROVEMENT AUTHORITY I TWO YEAR BUDGET 1999-2000 & 2000-2001 I IREDEVELOPMENT AGENCY IExecutive Director's Transmittal Letter i Summary of Loans from City iii ISummary of Fund Balance Status v IPortuguese Bend Fund (375) 1 Abalone Cove Fund (380) 11 IRDA Housing Set Aside Fund (118) 24 IRDA Debt Service Fund (210) 26 IIMPROVEMENT AUTHORITY Chief Administrative Officer's Transmittal Letter 29 IPortuguese Bend Fund (885) 30 Abalone Cove Fund (895) 34 I I I I I I I I I I Rancho Palos Verdes Redevelopment Agency & Improvement Authority Two Year Budget FY 99-00 & 00-01 111 1 I I I I I I I RANCHO PALOS VERDES REDEVELOPMENT AGENCY TO: HONORABLE CHAIRMAN AND MEMBERS OF THE BOARD FROM: EXECUTIVE DIRECTOR DATE: JULY 1, 1999 SUBJECT: ADPOTED 1999-00 AND 2000-01 REDEVELOPMENT AGENCY BUDGET ' Under cover of this memorandum, the staff respectfully transmits the adopted Redevelopment Agency budgets for Fiscal Year 1999-00 and 2000-01. The Rancho ' Palos Verdes Redevelopment (RDA) was established in 1984 with the primary purpose of providing mitigation measures to stabilize landslides in the Abalone Cove and Portuguese Bend areas of the City. tExpenditures in Portuguese Bend are made with proceeds from loans made during previous fiscal years from the City's General Fund. Because of the current fund balance, loans will not be required for FY 1999-00 and 2000-01. Expenditures in the Abalone Cove are made with proceeds from County bonds issued in accordance with the Landslide Reimbursement Settlement Agreement. This Agreement between the ' Redevelopment Agency, the County, and several property owners in Abalone Cove was re-financed in 1997. Consistent with our practice over the last several years, the budget is divided into two ' separate funds based on the geographical boundaries of these two areas. The separation of the budget and accounting of the two project areas into individual fund helps to assure that County bond proceeds are not used in the Portuguese Bend portion of the project area. Operating and maintenance expenditures for both the Portuguese Bend and Abalone ' Cove project areas are budgeted in the Joint Powers Improvement Authority (JPIA). This is consistent with California Redevelopment Law that prohibits an Agency from performing maintenance and operations functions. Portuguese Bend Agency activities within the Portuguese Bend area are focused on mitigation measures to stabilize the landslide. The Portuguese Bend RDA budget for FY 1999-00 includes a total of four capital improvement projects proposed by the City Geologist and recommended by an ad hoc landslide subcommittee of the RDA Board. Two of the four projects are carried over from the previous year; to re-establish positive drainage in a portion of Portuguese Canyon located north of Palos Verdes Drive South, and filling in a i 30940 HAWTHORNE BOULEVARD / RANCHO PALOS VERDES, CA 90274-5391 / (213) 377-0360 FY 1999-200 AND FY 2000-2001 RDA BUDGET MESSAGE July 1,1999 depression in the upper portion of Portuguese Canyon to provide resisting force to the landslide. Two new projects are proposed for FY 1999-00; installing a de-watering well, and installing a sub-drain system. FY 1999-00 and 2000-01 will be the sixth and seventh year of the RDA's participation in the shoreline protection feasibility study being prepared by the U.S. Army Corps of Engineers. Because alternatives proposed by the Army Corps of Engineers do not include Abalone Cove, the cost of the study is entirely funded by the Portuguese Bend budget. Shoreline protection is one of the priorities established by the Panel of Experts in 1989 to help in stabilizing the landslide. This year's budget includes a pro-rata share for the preparation of preliminary plans for the shore protection project, should one be deemed feasible and participation is approved by the RDA. Abalone Cove The capital improvement projects proposed in the Abalone Cove project area are a result of the priority list 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. Three capital improvement projects have been re-budgeted for FY 1999-00; the Abalone Cove sanitary sewer system, the Altamira Canyon drainage improvements, and the Abalone Cove storm drain improvements. During FY 98-99 the agency made significant progress in the engineering design and the right-of-way acquisition for these projects. This should allow the Agency to move forward on providing sewers and proper drainage in the area. Respe ully submitted, Les Evans Executive Director ii I RANCHO PALOS VERDES REDEVELOPMENT AGENCY SUMMARY OF LOANS FROM CITY IFISCAL YEARS 1996-97 THRU 2000-01 IPortuguese Bend Loan Balance at July 1, 1996 S 4,218,152 I PLUS: Loan Advance from City 250,000 Interest 366,703 Total Additions-FY 96-97 616,703 ILoan Balance at July 1, 1997 4,834,855 PLUS: Loan Advance from City 200,000 I Interest 423,681 Total Additions-FY 97-98 623,681 I Loan Balance at July 1, 1998 5,458,536 PLUS: Loan Advance from City 700,000 Interest 527,820 ITotal Additions-FY 98-99 1,227,820 Loan Balance at June 30, 1999 6,686,356 I PLUS: Loan Advance from City 0 Interest 581,750 Total Additions-FY 99-00 581,750 ILoan Balance at June 30, 2000 7,268,106 PLUS: Loan Advance from City 0 I Interest 632,350 Total Additions-FY 00-01 632,350 Loan Balance at June 30, 2001 S 7,900,456 I II ll I I iii I RANCHO PALOS VERDES REDEVELOPMENT AGENCY SUMMARY OF LOANS FROM CITY FISCAL YEARS 1997-98 THRU 2000-01 1 Abalone Cove I Loan Balance at July 1, 1997 $ 0 PLUS: Loan Advance from City 1,545,000 Interest 77,510 Total Additions-FY 97-98 1,622,510 Loan Balance at July 1, 1998 1,622,510 PLUS: Loan Advance from City 0 Interest 139,600 Total Additions-FY 98-99 139,600 Loan Balance at June 30, 1999 1,762,110 1 PLUS: Loan Advance from City 0 Interest 153,450 Total Additions-FY 98-99 153,450 Loan Balance at June 30, 2000 1,915,560 PLUS: Loan Advance from City 0 Interest 166,800 Total Additions-FY 98-99 166,800 Loan Balance at June 30, 2001 S 2,082,360 I I I I I I I Iv %mu vim aim vow mow am mow mu am ow ow ism III= MP 1111111 IMP OM EMI UM RANCHO PALOS VERDES REDEVELOPMENT AGENCY SUMMARY OF FUND BALANCE STATUS FISCAL YEAR 1999-00 ESTIMATED RESOURCES: TOTAL BUDGETED APPROPRIATIONS: TOTAL ESTIMATED FUND 1999/00 RESOURCES 1999/00 APPROPRIATIONS : FUND BALANCE 1999/00 TRANSFERS ESTIMATED :: TRNSFR OUT/ 1999/00 :: BUDGETED FOR : BALANCE FUND 6/30/99 REVENUE IN FOR 1999/00 RESERVES EXPENDITURES 1999/00 6/30/00 375 PORTUGUESE BEND CAPITAL PROJECTS FUND 472,867 27,500 0 ::: 500,367 0 284,460 ii 284,460 •i 215,907• 380 ABALONE COVE CAPITAL PROJECTS FUND 5,565,835 140,000 0 : 5,705,835 0 5,218,335 5,218,335 487,500 118 HOUSING SET-ASIDE FUND 917,299 110,000 0 :: 1,027,299 0 550,000 il 550,000 477,299 210 DEBT SERVICE FUND 142,819 1,076,000 0 1,218,819 0 1,114,850 i 1,114,850 . 103,969 , ii!:i:iiiA00.4.01W0C(Ot./M4iiiniii:Mii:iiili:!IiiiIiiii:iiIiii :gip 0g� 80 ��50E0 L..-. .. X45 FISCAL YEAR 2000-01 ESTIMATED RESOURCES: TOTAL BUDGETED APPROPRIATIONS: I TOTAL ESTIMATED FUND 2000/01 RESOURCES .' 2000/01 i APPROPRIATIONS i FUND BALANCE 2000/01 TRANSFERS ESTIMATED :: TRNSFR OUT/ 2000/01 BUDGETED FOR BALANCE FUND 6/30/00 REVENUE IN FOR 2000/01 RESERVES EXPENDITURES 2000/01 6/30/01 375 PORTUGUESE BEND CAPITAL PROJECTS FUND 215,907 23,500 0 239,407 :; 0 198,160 198,160 41,247 380 ABALONE COVE CAPITAL PROJECTS FUND 487,500 25,000 0 : 512,500 0 512,500 512,500 0 118 HOUSING SET-ASIDE FUND 477,299 100,120 0 H 577,419 L 0 550,000 550,000 19 210 DEBT SERVICE FUND 103,969 1,148,250 0 1,252,219 L 0 1,180,700 1,180,700 71,519 ,Ii:i:iiiIii0:040*IPTSOiili:iiiliiiiliiiiMilii:iii_:ii :!ii :i !iIig0.41i0ti§ilhiiiiiiIiAiOZP.:iliiii:iiP:iilftililqi_iiiiiillAll.I.M. i :11ii:iiiIiiiiiiAiiiiiiiiii44:4:POILLiiL:iligi:44:11.MIL8i::::14:00$:: FUNCTION: FUND: RDA- PORTUGUESE BEND RDA - PORTUGUESE BEND (375) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 EU . REVENUES 347.10 INTEREST EARNINGS 30,629 27,677 17,500 22,000 17,500 13,500 375.10 PV PORTUGUESE BEND, LLC(GPS) 16,079 8,700 10,000 10,000 10,000 10,000 ftl El .E� ... TRANSFERS 391.10 LONG TERM LOAN FROM CITY 250,000 200,000 700,000 700,000 0 0 =TRi Q� PROGRAM SUMMARY PORTUGUESE BEND ADMINISTRATION(720) 43,470 43,060 40,460 30,460 40,460 40,460 RDA ENGINEERING(721) 31,622 24,277 32,500 32,000 32,500 32,500 AGENCY ATTORNEY(722) 8,432 3,992 10,000 10,000 10,000 10,000 CAPITAL PROJECTS(725) 142,603 270,391 231,500 34,250 201,500 115,200 L 1� .ids• '� 391.20 LOAN TO OTHER AGENCY 0 0 500,000 500,000 0 0 Ems` 4 1 PROGRAM: FUND: RDA - PORTUGUESE BEND - ADMINISTRATION (720) RDA - PORTUGUESE BEND (375) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS&MAINTENANCE .35 PROFESSIONAL/TECHNICAL SERVICES 17,036 17,116 18,000 13,000 18,000 18,000 .50 OPERATING SUPPLIES 1,476 303 1,500 1,500 1,500 1,500 .71 MEETINGS AND CONFERENCES 11,672 12,030 7,000 2,000 7,000 7,000 .72 MEMBERSHIPS AND DUES 13,286 13,611 13,960 13,960 13,960 13,960 T. �`�� SAD� Q 4�0 2 1 Program: RDA Portuguese Bend Administration (375-720) Adopted Proposed Code Description FY 99-00 FY 00-01 .35 PROFESSIONAUTECHNICAL SERVICES 18,000 18,000 The FY 99-00 and FY 00-01 budgets provide for the following services: 1. Administrative support for the Portuguese Bend portion ' of the RDA with the exception of capital projects. ($5,000) 2. Services of Washington lobbyist related to Army Corps projects. ($6,000) 3. Annual auditing services. ($2,000) 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. ($5,000) .50 OPERATING SUPPLIES AND MINOR EQUIPMENT 1,500 1,500 The FY 99-00 and FY 00-01 allocations provide for blueprint services for various projects within the Portuguese Bend area. .71 MEETINGS AND CONFERENCES 7,000 7,000 The FY 99-00 and FY 00-01 budgets allocate funds to cover the cost of landslide stabilization conferences and ' meetings. .72 MEMBERSHIPS AND DUES 13,960 13,960 1 This line item provides for the following annual assessments or membership dues: ' Abalone Cove Landslide Abatement District: $5,560 Klondike Canyon Landslide Abatement District: $6,100 California Redevelopment Association: $1,500 California Marine Affairs & Navigation Conference: $650 Portuguese Bend Community Association: $150 1 $13,960 1 3 PROGRAM: FUND: RDA - PORTUGUESE BEND - RDA ENGINEERING (721) RDA - PORTUGUESE BEND (375) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS &MAINTENANCE .35 PROFESSIONAUTECHNICAL SERVICES 31,622 24,277 32,500 32,000 32,500 32,500 Pf€ i�ft I� 4T:P4L 4 I Program: RDA Portuguese Bend - Engineering (375-721) 1 Adopted Proposed Code Description FY 99-00 FY 00-01 I .35 PROFESSIONAL/TECHNICAL SERVICES 32,500 32,500 The FY 99-00 and FY 00-01 budgets provide for GPS monitoring of 62 monuments in the Portuguese Bend, Klondike Canyon and Flying Triangle Landslide areas, and I 12 monuments in the beach area at the toe of the landslide. Twenty-five of these monuments are located on property owned by the Palos Verdes Portuguese Bend, I LLC. The reimbursement for GPS monitoring from Palos Verdes Portuguese Bend, LLC is estimated to be $10,000 for FY 99-00 and FY 00-01. GPS monitoring is performed t through contract services. I I I I I I I I I I I 5 PROGRAM: FUND: RDA - PORTUGUESE BEND - AGENCY ATTORNEY (722) RDA - PORTUGUESE BEND (375) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS&MAINTENANCE .40 LEGAL SERVICES 8,432 3,992 10,000 10,000 10,000 10,000 op 6 I Program: RDA Portuguese Bend -Agency Attorney (375-722) I Adopted Proposed Code Description FY 99-00 FY 00-01 .40 LEGAL SERVICES 10,000 10,000 This line item provides for legal services for the 1 Redevelopment Agency. Actual expenditures will vary depending on project activity. I I I I I I 1 I I I I I I I 7 PROGRAM: FUND: RDA - PORTUGUESE BEND - RDA - PORTUGUESE BEND (375) CAPITAL PROJECTS (725) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS &MAINTENANCE .35 PROFESSIONAL/TECHNICAL SERVICES 105,872 170,051 95,000 31,250 65,000 65,000 .50 OPERATING SUPPLIES &MINOR EQUIP 71 0 500 0 500 200 .55 LEGAL NOTICE PUBLICATION 283 0 0 0 0 0 CAPITAL OUTLAY .82 IMPROVEMENTS OTHER THAN BUILDINGS 36,377 100,340 136,000 3,000 136,000 50,000 1 �i �ft TLI� ►. 00 8 I Program: RDA Portuguese Bend - Capital Projects (375-725) Adopted Proposed Code Description FY 99-00 FY 00-01 .35 PROFESSIONAL/TECHNICAL SERVICES 65,000 65,000 The FY 98-99 year-end estimate is less than the amount budgeted because the Army Corps of Engineers' shoreline protection feasibility study was not completed. In the event a feasible construction project is approved, the allocation for the preparation of preliminary design plans has been re-budgeted to FY 99-00. The FY 99-00 and FY 00-01 budgets provide professional services for the administration and engineering of the activities listed below: I 1. The projected share of RDA costs for preparation of preliminary plans for a shoreline protection project, should one be deemed feasible and participation is approved by the RDA. (FY 99-00 $50,000) (FY 00-01 $ 50,000) 2. Design, permitting, and inspection services for capital projects. (FY 99-00 $15,000) (FY 00-01 $15,000) .50 OPERATING SUPPLIES AND MINOR EQUIPMENT 500 200 This line item provides for blueprint services and supplies for the capital projects listed above. I .55 LEGAL NOTICE PUBLICATION -0- -0- This line item provides for advertising services required for the public bidding process and notification of affected property owners. It is anticipated that projects budgeted for FY 99-00 and FY 00-01 will not include special legal notification costs. .82 IMPROVEMENTS OTHER THAN BUILDINGS 136,000 50,000 The year-end estimate for FY 98-99 is less than the I amount budgeted because the proposed drainage projects were not initiated, pending the results of a feasibility study. These projects, proposed by the City geologist and I recommended by the Landslide Subcommittee of the RDA Board, are re-budgeted for FY 99-00. The projects include: I I 9 Program: RDA Portuguese Bend - Capital Projects (375-725) Adopted Proposed ' Code Description FY 99-00 FY 00-01 .82 IMPROVEMENTS OTHER THAN BUILDINGS (Continued) ' 1. Re-establish positive drainage in the portion of Portuguese Canyon located between 450 feet and 1,450 feet north of Palos Verdes Drive South. (FY 99-00 $15,000) (FY 00-01 $ 0) ' 2. Fill the upper Portuguese Canyon depression located 2,200 feet north of Palos Verdes Drive South to provide resisting force to the landslide. (FY 99-00 $21,000) (FY 00-01 $ 0) 3. The City Geologist has recommended the following new landslide abatement projects for FY 99-00: 1) Develop three new de-watering wells in the northwest corner of the landslide; and 2) Install a subdrain system and pump in the central uphill part of the landslide. (FY 99-00 $100,000) (FY 00-01 $ 0) 4. Perform disking and minor re-grading in areas of the landslide that have poor drainage. (FY 99-00 $ 0) (FY 00-01 $50,000) 10 FUNCTION: FUND: RDA -ABALONE COVE RDA - ABALONE COVE (380) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 .................................... 1.. 6.a.....Q. 5..1..5.. 5$$1$$$$$5 $$$f5$$$$$ REVENUES 347.10 INTEREST EARNINGS 358,882 340,916 250,000 320,000 140,000 25,000 393.10 PROCEEDS FROM SALE OF BONDS 0 5,455,000 0 0 0 0 T E�E�I .E� TRANSFERS IN 391.10 LONG TERM LOAN FROM CITY 0 1,545,000 0 0 0 0 �T .A� D t�T AFL: •E ' PROGRAM SUMMARY ADMINISTRATION(730) 11,952 22,854 14,500 5,000 8,500 8,500 RDA ENGINEERING(731) 3,229 4,120 4,000 4,000 4,000 4,000 AGENCY ATTORNEY(732) 15,083 50,856 30,000 30,000 30,000 30,000 CAPITAL PROJECTS(735) 254,835 88,154 4,483,000 427,000 5,175,835 450,000 PEER REVIEW CONSULTANTS(738) 0 0 20,000 0 0 20,000 IBS: �2. TRANSFERS OUT 391.20 TO DEBT SERVICE FUND 0 8,000,000 0 0 0 0 T 8: 11 PROGRAM: FUND: RDA - ABALONE COVE - ADMINISTRATION (730) RDA - ABALONE COVE (380) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS & MAINTENANCE .35 PROFESSIONAL/TECHNICAL SERVICES 11,952 22,854 13,000 4,500 7,000 7,000 .50 OPERATING SUPPLIES/MINOR EQUIPMENT 0 0 1,000 500 1,000 1,000 .53 POSTAGE 0 0 500 0 500 500 C 5� 1 ... i4 12 I Program: RDA Abalone Cove -Administration (380-730) 1 Adopted Proposed Code Description FY 99-00 FY 00-01 .35 PROFESSIONAL AND TECHNICAL SERVICES 7,000 7,000 The FY 98-99 year-end estimate is less than budgeted because the annual tax increment study was not performed. The FY 99-00 and FY 00-01 budgets provide I for the following technical and professional services: 1. General administrative assistance not related to specific I capital projects. ($5,000) 2. Annual auditing services. ($2,000) I .50 OPERATING SUPPLIES 1,000 1,000 This line item provides for miscellaneous blueprints and I other supplies for general administration of the Abalone Cove project area. I .53 POSTAGE 500 500 This line item provides for the mailing of notices to I residents and other related correspondence. I 1 I I I 1 I I 13 I PROGRAM: FUND: RDA - ABALONE COVE - RDA ENGINEERING (731) RDA - ABALONE COVE (380) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS &MAINTENANCE .35 PROFESSIONAL/TECHNICAL SERVICES 3,229 4,120 4,000 4,000 4,000 4,000 4 4,929 r......pRAM:TOTAL..: : :. l. . 14 I Program: RDA Abalone Cove- Engineering (380-731) 1 Adopted Proposed Code Description FY 99-00 FY 00-01 .35 PROFESSIONAL/TECHNICAL SERVICES 4,000 4,000 This line item provides contract services for the annual monitoring of twenty-two monuments, as recommended by the Agency Geologist. I I I I I I I I I I I I I I 15 I PROGRAM: FUND: RDA - ABALONE COVE - AGENCY ATTORNEY (732) RDA - ABALONE COVE (380) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS& MAINTENANCE .40 LEGAL SERVICES 15,083 50,856 30,000 30,000 30,000 30,000 :::: ..`[�....... ..Q...& t1.. 7 .q ?R .ft. .A 16 I Program: RDA Abalone Cove-Agency Attorney (380-732) 1 Adopted Proposed Code Description FY 99-00 FY 00-01 .40 LEGAL SERVICES 30,000 30,000 This line item provides for contract legal services to the I agency on an as-needed basis. Actual costs will vary from year to year based on project activity. I I I I I I I I 1 I I 17 PROGRAM: FUND: RDA - ABALONE COVE - CAPITAL PROJECTS (735) RDA - ABALONE COVE (380) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS&MAINTENANCE .35 PROFESSIONAL/TECHNICAL SERVICES 253,060 68,993 443,600 424,000 330,000 75,000 .50 OPERATING SUPPLIES 1,005 752 1,000 1,000 3,000 3,000 .55 LEGAL NOTICE PUBLICATION 50 0 2,000 2,000 2,000 2,000 T OP. T#9E1S&•MAINTENANCE• 5 �� �€5�• �4��6Q 2:. © 4. 7�0�©� �3�S�4DQ� 8L?��►©Q CAPITAL OUTLAY .82 IMPROVEMENTS OTHER THAN BUILDINGS 720 18,409 4,036,400 0 4,840,835 370,000 ...r TO.AEA 5 5. .i. J. �14 8 . :42 5 17.Sl 83 4 5�I0 ©D 18 I Program: RDA Abalone Cove - Capital Projects (380-735) I Adopted Proposed Code Description FY 99-00 FY 00-01 .35 PROFESSIONAUTECHNICAL SERVICES 330,000 75,000 Several projects have been re-budgeted from FY 98-99 to I FY 99-00 and FY 00-01. The re-budgeted amounts for the Altamira Canyon Drainage Improvements are less than the I previous fiscal year because a portion of the expenditures will be funded with Community Development Block Grant (CDBG) Funds. Professional services for the administration I and engineering of specific projects are listed below: 1. Abalone Cove Sanitary Sewer System: Administration I and inspection services during project construction. (FY 99-00 $150,000) (FY 00-01 $0) 2. Altamira Canyon Drainage Improvements: Engineering , services for the preparation of easements, design services and or design revisions, and inspection services during project construction. I Total costs for this project are estimated to be $1,100,000, which includes $210,0000 for professional/technical I services. The project is scheduled to begin in FY 99-00 and will be completed in FY 00-01. Funding sources of this project include $600,000 of RDA funds and $500,000 of I CDBG funds. The amounts budgeted in FY 99-00 and FY 00-01 1 represent 50% of the cost for professional/technical services. The other 50% is budgeted in the CDBG fund. (FY 99-00 $30,000) (FY 00-01 $75,000) I No project expenses will be incurred until bids have been opened for the Abalone Cove Sewer and Drainage I Improvement Projects and the City has determined that adequate funds are available for the Altamira Canyon Drainage Improvements. I 3. Abalone Cove Drainage Improvements: Engineering services for the preparation of easements, design services I and or design revisions, and inspection services during project construction. (FY 99-00 $150,000) (FY 00-01 $0) I 19 I I I IProgram: RDA Abalone Cove - Capital Projects (380-735) Adopted Proposed ICode Description FY 99-00 FY 00-01 .50 OPERATING SUPPLIES AND MINOR EQUIPMENT 3,000 3,000 IThis line item provides for blueprint services and supplies for capital projects. The amounts budgeted for FY 99-00 I and FY 00-01 are greater than FY 98-99 due to the anticipated increase in project activity. I .55 LEGAL NOTICE PUBLICATION 2,000 2,000 This line item provides for legal notice publication of capital Iprojects. .82 IMPROVEMENTS OTHER THAN BUILDINGS 4,840,835 370,000 IThe FY 98-99 year-end estimate is less than budgeted because the Kelvin Canyon De-watering Well project was I cancelled and several projects were delayed and are being re-budgeted in FY 99-00 and FY 00-01. The re-budgeted amounts for the Altamira Canyon Drainage Improvements are less than the previous fiscal year because a portion of I the expenditures will be funded with Community Development Block Grant (CDBG) Funds. The following landslide abatement projects were recommended by the I Panel of Experts to reduce the level of ground water drainage into the landslide area: I 1. Abalone Cove Sanitary Sewer System: Construction of a sanitary sewer system in Abalone Cove. (FY 99-00 $3,062,000) (FY 00-01 $ 0) I2. Altamira Canyon Drainage Improvements: Construction of debris basins, channel lining, and other channel Iimprovements in Altamira Canyon. Total costs for this project are estimated to be $1,100,000, I which includes $860,000 for construction. The project is scheduled to begin in FY 99-00 and will be completed in FY 00-01. Funding sources of this project include $600,000 Iof RDA funds and $500,000 of CDBG funds. The amounts budgeted in FY 99-00 and FY 00-01 I represent approximately 50% of the construction costs. The remaining portion is budgeted in the CDBG fund. (FY 99-00 $95,000) (FY 00-01 $370,000) I 20 I Program: RDA Abalone Cove- Capital Projects (380-735) I Code Description I .82 IMPROVEMENTS OTHER THAN BUILDINGS (Continued) I 3. Abalone Cove Drainage Improvements: Provides for the construction of a storm drain system of inlets, pipes, I culverts, and open channels within the existing developed areas. (FY 99-00 $1,683,835) (FY 00-01 $0) I I I I I I I I I I I I I 21 tPROGRAM: FUND: RDA - ABALONE COVE - PEER REVIEW RDA - ABALONE COVE (380) ' CONSULTANTS (738) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET ' 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 OPERATIONS &MAINTENANCE ' .35 PROFESSIONAUTECHNICAL SERVICES 0 0 20,000 0 0 20,000 TtStAL t��RA1`IQ{VS&w1NT4NAN4 Q 4 2QE�dO d (} 2D000: 22 I I Program: RDA Abalone Cove - Peer Review Consultants (380-738) I Adopted Proposed Code Description FY 99-00 FY 00-01 I .35 PROFESSIONAVTECHNICAL SERVICES -0- 20,000 The Panel of Experts disbanded during FY 95-96 and no review work is anticipated by peer review consultants in FY 99-00. By FY 00-01 Abalone Cove landslide mitigation I improvements will be complete and the issue of the development of certain parcels in this area may arise. This will necessitate the professional/technical services of the I Panel of Experts. (FY 99-00 $ 0) (FY 00-01 $20,000) I I I I I I I I I I I I 23 I FUNCTION: FUND: RDA HOUSING SET-ASIDE (318) RDA HOUSING SET-ASIDE (118) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET 1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 I N ftL ..... .1 a$ REVENUES 311.10 PROPERTY TAX INCREMENT 79,886 94,486 78,120 82,900 85,000 87,120 347.10 INTEREST EARNINGS 32,489 39,427 37,000 44,900 25,000 13,000 T Q N .E� S � S C�. .. EXPENDITURES OPERATIONS &MAINTENANCE .35 PROFESSIONAL/TECHNICAL SERVICES 0 0 5,000 5,000 50,000 50,000 CAPITAL OUTLAY .82 IMPROVEMENTS OTHER THAN BUILDINGS 0 0 0 0 500,000 500,000 T t �5 4Q 794,499 4; 917 299 477; 24 I Program: RDA Housing Set-Aside Fund (118-318) I The Housing Set-Aside Fund is used to account for the portion of Redevelopment tax increment I revenue to be set-aside for the development of low and moderate income housing. This set-aside of tax increment is a requirement under California Redevelopment Law Section 33334. Adopted Proposed I Code Description FY 99-00 FY 00-01 .35 PROFESSIONAL/TECHNICAL SERVICES 50,000 50,000 I This line item provides for consulting services to assist the Agency in the administration of the Housing Set-Aside program development and reporting requirements. The increase in FY 99-00 and FY 00-01 is in anticipation of the I City needing additional consulting services to develop programs to use the set-aside revenues to satisfy its low and moderate income housing requirements as required by ' state law. .82 IMPROVEMENTS OTHER THAN BUILDINGS 500,000 500,000 I Although no specific projects have been identified, staff anticipates that the City may purchase land in FY 99-00 and FY 00-01 as a first step in providing low and moderate I income housing as required by state law. No funds will be expended without prior approval by the City Council. 1 I I I I I I I 25 I IFUNCTION: FUND: DEBT SERVICE (610) DEBT SERVICE (210) YEAR-END ACTUAL ACTUAL BUDGET ESTIMATE BUDGET BUDGET I1996-97 1997-98 1998-99 1998-99 1999-00 2000-01 G 6 I REVENUES 311.10 PROPERTY TAX INCREMENT 319,543 377,946 312,500 331,600 340,000 348,500 347.10 INTEREST EARNINGS 96,840 53,543 0 1,200 800 600 I395.50 LONG TERM ADVANCE FROM CITY 366,703 501,191 667,420 667,420 735,200 799,150 T ptf D :�0 : L����t�U�� �1:��•� v3Q (�$C 2�fi I TRANSFERS IN 391.10 FROM AB COVE CAPTL PRJCTS FUND 0 8,000,000 0 0 0 0 T QTA TRI 0 l A F�R�• !N 7 0 83��8 8�D �.OQ 1 IEXPENDITURES .92 PASS THRU TO L.A.CO FIRE DISTRICT 67,079 79,135 70,550 70,550 72,250 74,050 I .35 COUNTY ADMINISTRATIVE FEE 8,421 9,088 9,500 9,500 9,650 9,750 .90 REPAYMENT OF PRINCIPAL 0 10,000,000 0 0 0 0 .91 INTEREST EXPENSE 366,703 637,566 959,670 959,670 1,032,950 1,096,900 :fib l:00 PriU • :4;m7p ppim 1 m 100;7pQ 1 : 9 I I I I I I 26 I Program: RDA Debt Service Fund (210-610) The 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 revenue is recorded in this fund. The County, in accordance with the terms of the bond restructuring, will now withhold the City's share of the tax increment. Property tax increment is the portion of property taxes attributable to the Redevelopment Agency • project area that exceed the fixed base year amount. The base year, FY 84-85, is the year in which the Agency was formed. Adopted Proposed Code Description FY 99-00 FY 00-01 395.50 LONG TERM ADVANCE FROM CITY 735,200 799,150 This line item provides for a long term advance from the City to the Agency to record the unpaid accrued interest on all outstanding loans from the City to the Agency. The interest expense is recorded below under account code .91. .92 PASS THRU TO LOS ANGELES COUNTY 72,250 74,050 Property tax increment revenues are recorded as a gross amount. However, the Agency does not receive 100% of the tax increment. The Los Angeles County Fire Protection 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. .35 PROFESSIONAL/TECHNICAL SERVICES 9,650 9,750 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 the County and it is anticipated that the fees will be increased slightly in FY 98-99. .91 INTEREST EXPENSE 1,032,950 1,096,900 This line item provides for recording the interest expenditure on the following long-term indebtedness of the Redevelopment Agency. 1. The FY 98-99 interest accumulating on the loan from the City to the Portuguese Bend Fund of the Agency. ($527,820) 27 I I Program: RDA Debt Service Fund (210-610) Adopted Proposed Code Description FY 99-00 FY 00-01 I .91 INTEREST EXPENSE (Continued) I 2. The FY 98-99 interest accumulating on the loan from the City to the Abalone Cove Fund of the Agency. ($143,200) I 3. The FY 98-99 interest to be paid to the County of Los Angeles under the terms of the bond restructuring. ($272,750) I I I I I I I I I I I I I 28 I