CRA LA BUILDING COMMUNITIES 1 nt Ag ncy of ibe CITY OF LOS ANGELES DATE I DEC 1 2011, I t (vi 1 200 West 7th St reet 1 Suite 500 Los Angeles, Ca liforn ia 900 172381 www.cra la.org F213 977 1665 Honorable Council of the City of Los Angeles John Ferraro Council Chamber 200 N. Spring Street Room 340, City Hall Los Angeles, CA. 90012 CRAFileNo. ~ Council District: 115 Contact Person: Tony Sereno Phone#: (213) 9771976 COUNCIL TRANSMITTAL: Transm itted herewith, is a Board Memorandum adopted by the Agency Board on, for City Council review and approval in accordance with the "Community Redevelopment Agency Oversight Ord inance" entitled: VARIOUS ACTIONS RELATED TO: Fiscal Year 201112 Budget Carryover Amendment. Amend the Fiscal Year 2011 12 CRA/LA Budget for Additional Carryover Resources of $212.3 mi llion RECOMMENDATION That City Council approve(s) recommendation(s) on the attached Board Memorandum. ENVIRONMENTAL REVIEW The recommended action does not constitute a "project" as defined by the California Environmental Quality Act) FISCAL IMPACT STATEMENT There is no fiscal impact to the City's General Fund, as cc: Sharon Gin, Office of the City Clerk (Original & 3 Copies on 3hole punch) Lisa Johnson Smith, Office of the CAO lvania Sobalvarro, Office of the CLA Steve Ongele, Office of the Mayor Noreen Vincent, Office of the City Attorney
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES, CALIFORNIA MEMORANDUM 10 DATE: DECEMBER 1, 2011 VARIOUS TO: FROM: STAFF: SUBJECT: CRA/LA BOARD OF COMMISSIONERS CHRISTINE ESSEL, CHIEF EXECUTIVE OFFICER TONY SERENO, SPECIAL ASSISTANT TO THE CHIEF FINANCIAL OFFICER STEVE VALENZUELA, CHIEF FINANCIAL OFFICER Fiscal Year 2011~12 Budget Carryover Amendment. Amend the Fiscal Year 201112 CRA/LA Budget for Additional Carryover Resources of $212.3 million ALL REGIONS (COs 115) RECOMMENDATIONS That the CRAJLA Board of Commissioners, subject to City Council review and approval: 1. Amend the Fiscal Year 201112(FY12) Budget and Work Program by $212,385,624, consisting of $85,660,825 in prior year carryover resources plus $126,724,799 in encumbrances; and 2. Unencumber $2,743,900 in funds set aside for Voluntary Alternative Redevelopment Program payments to the State of California and reprogram the funds as General Revenue reserves. SUMMARY Each fiscal year the CRAJLA adopts a carryover amendment to reconcile unanticipated and unspent (encumbered and unencumbered) resources from the prior fiscal year, incorporating these funds into the current year's work program and budget. The carryover adjustment for FY12 totals $212.3 million. Of that amount $126.7 million is from prior year encumbrances, $80.7 million is from prior year unspent and unencumbered resources, $15.5 million is from prior year unanticipated resources, and $10.6 million is from FY12 resource adjustments based on updated revenue forecasts. The $85.6 million in prior year carryover resources consists of $26.1 million in s, $10.3 million in Bond Proceeds, $29.5 million in Tax Increment, $17.9 million in Debt Service Funds, and $1.8 million in General Revenue and Other Funds. It is customary for CRAILA to carry resources forward from the prior fiscal year since the funding of redevelopment projects typically involves multiyear capital budgeting; the total amount must appear in the year a contract is expected to be issued but funds are moved forward into years when expenditures take place.
AMEND THE FY201112 CRAILA BUDGET FOR ADDITIONAL CARRYOVER RESOURCES 2 On June 29, 2011 the State Legislature enacted two Redevelopment Trailer Bills, Assembly Bills ABx126 and ABx127, which eliminated redevelopment agencies unless cities and counties elected to participate in the Voluntary Alternative Redevelopment Program (VARP) and agreed to provide a combined $1.7 billion payment to the State of California in fiscal year 2011 12. The California Director of Finance (DOF) provided an initial estimate of $97.3 million for the remittance payment required from the CRA/LA for the current fiscal year, which was later reduce to an estimated $96.5 million. The City of Los Angeles subsequently submitted an appeal disputing the remittance amount calculated by the DOF and on October 14, 2011 the DOF granted a partial approval of the appeal, reducing the VARP payment from the CRAILA to $94.6 million. While an appeal of the Part 2 appeal is pending, the CRAILA's final VARP payment will be $2.7 million less than initially estimated in the FY12 Budget. The estimated VARP contributions were encumbered as part of the FY12 Budget in order to ensure that sufficient funds were available to make the required remittance payment. Since the actual payment will be $2.7 million less than initially estimated the excess funds will need to be unencumbered. Staff is recommending that the $2.7 million in VARP payment savings be reprogrammed to fund a CRA/LA general revenue reserve account. This is achieved by freeing up $1.9 million in general revenue previously identified for VARP payments, and swapping approximately $800,000 in FY12 general revenue with VARP savings using tax increment funds. The reserve account is both prudent and necessary. In the past, the CRAILA has had the benefit of $8 million to $12 million in annual general revenue, but the conveyance of several income generating properties to the City of Los Angeles has greatly diminished expected future general revenue receipts. General revenue funds have also been used to backstop advances against grants receivable from various federal, state and local programs. PREVIOUS ACTIONS May 5, 2011 CRA/LA approval to transmit Proposed Budget and Work Program for the Fiscal Year ending June 30, 2012 August 18, 2011 CRA/LA approval to transmit Revised Proposed Budget and Work Program for the Fiscal Year ending June 30, 2012 September 30, 2011 City Council approval of the CRAILA's FY12 Budget and Work Program October 6, 2011 CRA/LA adoption of Budget for fiscal year ending June 30, 2012 DISCUSSION AND BACKGROUND After the yearend close on June 30 of each year, the CRA/LA performs an analysis of encumbrances, contracts, and other commitments and compares these commitments against the original program objectives and resources. Through the yearend fund balance reconciliation process, unanticipated and unspent resources are identified. While this process includes the identification of encumbered resources, resources may become available from two other sources: 1) Unencumbered Resources Resources that were budgeted but not spent or encumbered during the previous fiscal year; and
AMEND THE FY201112 CRA/LA BUDGET FOR ADDITIONAL CARRYOVER RESOURCES 3 2) New Revenue Resources received but not included as a budgeted resource because they were not anticipated. New Revenues result from budget revenue variances, such as when end of year tax increment exceeds projections upon which the budget was built. The Budget Department credits any unencumbered and unspent resources to the fund balance of the respective funds (that is, unspent tax increment back to the project area's tax increment fund, unspent housing resources to the project area's low and moderate income housing fund, etc.), which then become available as project area resources in the following fiscal year. The CRNLA also compares actual revenues to projected revenues to identify any variances. Through the midyear budget adjustment process these funds are allocated into the current year budget. State redevelopment law requires the adoption of an annual budget that includes anticipated resources, the proposed work program expenditures for the coming year, and the proposed indebtedness to be incurred by the CRA/LA The City of Los Angeles requires specific review procedures for the CRAILA's budget through the Los Angeles Administrative Code. The CRA/LA adopts and the local legislative body (Los Angeles City Council) approves the annual budget that consists of an identification of all anticipated resources, expenditures, and proposed indebtedness. The Board may also approve other budget amendments separate from this amendment. The City Council approved and the CRA/LA Board of Commissioners adopted the CRNLA's FY12 Budget on September 30, 2011, and October 6, 2011 respectively. SOURCE OF FUNDS Various CRAILA funds PROGRAM AND BUDGET IMPACT An affirmative decision on the recommended actions will increase the CRAILA's FY12 Work Program Budget, from $458,980,100 to $671,365,724 due to increases of $126,724,799 in encumbrances moved forward and $85,660,825 in unspent prior year resources. ENVIRONMENTAL REVIEW The recommended action does not constitute a "project" as defined by the California Environmental Quality Act. Christine Esse! Chief Executive Officer By:., IJ~ A_ ~ UL.i David iccit1ello Deputy Chief Executive Officer
AMEND THE FY201112 CRA/LA BUDGET FOR ADDITIONAL CARRYOVER RESOURCES 4 There is no conflict of interest known to me which exists with regard to any CRA/LA officer or employee concerning this action. ATTACHMENTS Attachment A Amended FY201112 Carryover Adjustments by Fund Source Attachment B FY201112 Allocation of Resources by Project Area Attachment C FY201112 Carryover Encumbrances Attachment D VARP Rebates by Project Area Attachment E VARP Rebate Detail
ATTACHMENT A Amended FY201112 Carryover Adjustments by Fund Source FY12 Carryover Encumbered vs Unencumbered Unencumbered Encumbered Resources Resources TOTAL Tax Increment Funds 29,553,000 52,081,960 81,634,960 Housing Trust Funds 26,156,400 43,376,321 69,532,721 Debt Service Funds 17,853,800 17,853,800 Bond Proceeds 10,315,100 18,653,009 28,968,109 Grants General Revenue I Other 1,782,525 12,613,509 14,396,034 85,660,825 126,724,799 212,385,624 FY12 Carryover by Source Amount from FY11 Unspent Resources 80,710,325 Amount from Unanticipated FYi 1 Resources 15,532,700 Amount from FY12 Resource Adjustments (10,582,200) Amount from FY11 Encumbrances 126,724,799 212,385,624 Revised FY12 Budget Adopted Carryover Amended FY201112 Adjustment FY12 Budget Tax Increment Funds 154,687' 100 81,634,960 236,322,060 Housing Trust Funds 92,650,000 69,532,721 162,182,721 Debt Service Funds 143,887,800 17,853,800 161,741,600 Bond Proceeds 52,551,400 28,968,109 81,519,509 Grants 2,299,000 2,299,000 General Revenue I Other 12,904,800 14,396,034 27,300,834 458,980,100 212,385,624 671,365,724 Page 1 of 1
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ATTACHMENT B FY201112 Allocation of Resources by Project Area Project Area Adelante Eastside Beacon Street Broadway/Manchester, Bunker Hill Central Industria I Chinatown Cou neil District 9 Crenshaw Crenshaw/Siauson Budgeted Line Item Operating Public Improvements Adelante Eastside Fin a nee Expense and Reserves Public Improvements Beacon Street Broadway/Manchester Community Facilities and Programs Operating Public Improvements Bunker Hill Operating Public Improvements Central Industrial Public Improvements Chinatown Community Facilities and Programs Operating Council District 9 Crenshaw (1,073,025) 200, 740,781 (528,356) (404,900) (1,265,300) 321,700 (15,300) 551,900 300,000 1,158,300' 584,600 300 86,500 671,400 500 5,456,000 4,397,600 147,200 58,000 10,059,300 52,200 274,800 24,600 (604,500) (252,900) 1,527,700 2,318,600 565,900 589,700 (792,100) 4,209,800 1,700 (122,400) 38,200 (174,100) (147,200) (403,800) 673,500 (415,300) 110,700 368,900 1,981,700 10,700 Page 1 of 4
ATTACHMENT B FY201112 Allocation of Resources by Project Area 106,800 Crenshaw/Slauson 2,099,200 East Hollywood/Beverly Normandie (2,634,600) (35,000). (493,400) Public Improvements 100 East Hollywood/Beverly Normanclie (3,162,900) Exposition/University Park 2,035,700 119,300 721,700 Exposition/University Park 2,876,700 Hollywood Community Facilities and Programs 4,000 1,007,700. (7,900} 2,734,000 Public Improvements 700 Hollywood 3,738,500 Laurel Canyon Commercial Corridor (30,500) 5,600 244,500 Public Improvements (668,400) Laurel Canyon Commercial Corridor (448,300) Little Tokyo CommunityFadlities and Programs 9,200 (583,500) 185,200 400 Operating (472,900) Public Improvements 31,600 little Tokyo {830,000) Los Angeles Harbor 500 (16,800) 354,300 Public Improvements 170,400 Los Angeles Harbor 508,400 Mid City Corridors Community Facilities and Programs (14,200) (126,800) Fin a nee Expense and Reserves 2,177,400 (1,492,400) Public Improvements (70,600) Mid City Corridors 473,400 Monterey Hills 267,900 (171,200) 192,800 Monterey Hills 289,500 Norman die 5 1,168,900 I Page 2 of 4
ATTACHMENT B FY201112 Allocation of Resources by Project Area North Hollywood Pacific Corridor Pacoima/Panorama City Pica Union I Pica Union II Reseda/Canoga Park Vermont Manchester Watts Normandie 5 Community Facilities and Programs Fin a nee Expense and Reserves Operatin~ Public Improvements North Hollywood Finance Expense a~d Reserves......... Public Improvements Pacific Corridor Community Facilities and Programs............ Public Improvements Pacoima/Panorama City.. Pico Union!... Pica Union II Community Facilities and Programs Public Improvements Reseda/Canoga Park Community Facilities and Programs Public Improvements Vermont Manchester Public Improvements Watts 911,800 2,080,700 450,000 3,648,400 444,800 2,821,800 466,200 502,100 8,333,300 366,800.. (300) 100,000 182,100 648,600 (800) 8,711,300 23,700 5,300,100 8,025,500 22,059,800 33,550 25,800 205,300 264,650 2,585,900 51,200 740,100 3,377,200 200,000 14,527,025 2,025,700 4,909,500 2,786,000 24,448,225 (77,000) 7,200 9,100 (43,600) 82,500 (21,800) 34,600 1,600 355,200 279,300 670,700 Page 3 of 4
ATTACHMENT B FY201112 Allocation of Resources by Project Area Watts Corridors 5,100 Fin a nee Expense and Reserves 8,300 491,300 Watts Corridors 504,700 Western Slauson 408,000 (200) 9,200 Western Slauson 417,000 Westlake 6,358,400 (200) 2,143,300 Westlake 8,501,500 Wilshire Koreatown Community Facilities and Programs 300 Economic Development 0 pportu nities (13,936,800} 7,932,900 976,600 Public Improvements (1,335,000) Wilshire Koreatown (6,362,000) Citywide 1,071,600 (9,900) Public Improvements (413,150) Citywide 648,550 Grand 85,660,825 I Page 4 of 4
ATTACHMENT C FY201112 Carryover Encumbrances Project Area Adelante Eastside Beacon Street Broadway/Manchester Bunker Hill Central Business District Central Industrial Objective EA1901 City Affordable Hsng Trust Flmd EA1990 Respons~to Housing Opportunities EA215001yrnpic/Soto (Sears) Development Site.. ~A2170 Chavez Ayenue Streetscape Improvements EA2190 1st & Boyle TOO Site EA2300 BioMed Focus Area EA2750 First & Mission TOD EA2760 Washington/Sate Development Site EA2820 Arts & C~ltural Enrichrne~t Program EA3100 Olympic lndustrialdistrict EA3150 Public Improvements EA3200 Chavez Avenue Utilities Conversion EA6990 EA9330 Project Financing EA9990 Project General Adelante Eastside Subtotal 853300 Public Improvement Program BS6600 Arts, Cultural and Entertainment Distric Beacon Street Subtotal MC1500 ExteriorResidential Rehabilitation Prog Mq990 Response to Housing(Jpportunities MC6000 Industrial Feasibility Studies MC6150 Strategic Plan MC6990 Broadway/Manchester Subtotal BH1040 Angelus Plaza BH1050 Grand Avenue JPA BH1100 Affordable Housing Preservation BH 1990 Response to Housing Opportunities BH2040 Grand Avenue Commercial BH3010 Second Street Connection BH3090 Grand Avenue Streetscape and Pub!ic lmpr BH3110 Project Wide Maintenance BH3130 Angels Knoll Plaza BH3300 StrategicPublic Improvements BH3400 Broad Museum and Parking Facility BH4200 Streetcar BH4960 Downtown Cultural Tourism. BH6100 Community Plan Amendment BH6130 Art Program BH9330 Project Financing BH9990 Project General Bunker Hill Subtotal CB6130 Art Program C89990 Project General Central Business District Subtotal Cl1950 New Housing Opportunities Cl1990 Response to Housing Opportunities Cl2140 Clean Tech Manufacturing Center Cl2150 Business/!ndustriallncentive Program 1,122,726 346,022 85,800 2,227,720 5,564 345,484 38,540 205,647 23,500 7,276 24,502 2,900,000 1,000 2,718 105 7,336,605 93 2,000 2,093 2oo,qoo 22,500 8,477 85,840 302 317,119 29,650 12,500 9,317 34,465 95,000 30,337 14,999 19,863 36,521 1,004,826 11,800 411,246 76,505 2,866 360,102 20,800 76,829 2,247,626 12,500 279 12,778 40,000 393,512 44,272 10,000 Page 1 of 8
ATIACHMENTC FY201112 Carryover Encumbrances [ Project Area Chinatown City Center Council District 9 Objective Cl2160 CleanTech Business Incubator Cl3000 Urban Parks/Greening Cl3700 Strategic Public Improvements Cl6100 Community Plan Update Cl6130 Central Industrial Art Program Cl6990 Cl9330 Project Financing Cl9990 Project General Central Industrial Subtotal CH1500 Chinatown Metro Apartments CH2000 Busi~ess Incentive Program CH2010 Business Improvement Program CH2050 Bamboo Plaza Public Parking CH2100 Preserve America CH3200 Chinatown Linkages CH3300Strategic Public Improvements CH6000 Chinatown Master Plan CH6990 CH9910 CAC/Citizens Participation CH9990 Project General Chinatown Subtotal CT1050 Alexandria Hotel CT1090 Downtown Housing Opportunities CT2020 Bringing Back Broadway CT2080 Historic Core Revitalization CT2660 Fashion District Business Attraction CT3020 Grand Hope Park. CT3030 Venice & Hope Community Center CT3100 Downtown Visitor's Center CT3200 Figueroa Corridor Prop 1C lnfilllnfras CT4100 Broadway Sidewalk Reconstruction CT4200 Streetcar ~T4300 Grtr Pershing Sq Pub WiFi Dist CT4400 Plan~ing & Development Guidelines C!6000 Fashion District Strategic Plan CT6100 Community Plan Amendment CT6130 Art Program CT6990 CT9990 Project General City Center Subtotal C91300 Homeownership Properties Acq/RFP C91400 29th Street Crossing C91560 Dunbar Hotel C91580 Washington Boulevard Housing C91660 Florence Mills Housing C91670 Wall Slauson Housing Project C91901 City Affordable Hsng Trust Fund C91950 New Housing Initiatives C92010 Goodyear Industrial Tract C92120 Slauson/Central Retail Plaza 1,507,058 237,603 2,800,400 1,847 80,000 62,413 249,999 14,282 5,441,386 2,868,400. 1,893,331 333,000 360,505 3,000 41,565. 731,200 176,188 100,123 11,125 15,339 6,533,777 22,010 2,572,541 142,446 649,049 416,017 50,000 655,000 4 741,768 427,488 563,034 9,800 546,069 180,725 121,190 449,641 2,500 15,183 7,564,464 100,805 99,921 1,500,045 101,231 1,185,000 170,000 831,000 14,098 12,267 135,985,f Page 2 of 8
Project Area Crenshaw Crenshaw/Siauson East Hollywood/Beverly Normandie Exposition/University Park Hollywood ATTACHMENT C FY201112 Carryover Encumbrances Objective C92150 Business Incentive Program C92170 59th Street Project C92210 Central Ave. Action Plan C92310 Calko Steel Expansion (Brownsfields) C92410 Figueroa/Washington Auto Row C92700 Estelle Van Meter Senior Center C92770 Washington Retail Center RFP C93200 Central Avenue Streetscape C93240 Fitness Zones C93280 Vermont Median Park C93670 Wall Slauson Development Project C93680 Brotherhood Crusade C96000 Strategic Plan C96?00 Washington Boulevard Conceptual Plan C96990 Econo111ic Development Opportunities C99990 Project General Council District 9 Subtotal CR1050 Buckif1~ham Place Senior Housing CR2140 Marlton Square Crenshaw Subtotal c;s1soo Exterior Residential Rehabilitation Prog CS2010 Commercial Facade & Signage CS6000 Industrial Feasibility Studies CS6990 Crenshaw/Siauson Subtotal EB1050 Housing Rehabilitation EB1990 Response to Housing Opportunities EB2990 AB1290 Work Program.. EB3100 East Hollywood Streetscape EB6010 N ELA River Project Area Studies EB7777 East Hw/Beverly Normandie EB9990 Project General East Hollywood/Beverly Normandie Subtotal H01300 Casa de Rosas H01500 Exterior Residential Rehabilitation Prog H01901 City Affordable Hsng Trust Fund H01990 Response to Housing Opportunities H02070 Commercial Facade/Signage H030~0 Exposition Parks lmproveme~ts H06130 Art Program H06140 Plan Amendment H06150 Stragegic Plan H06990 H09910 PAC/Citizens Participation Exposition/University Park Subtotal HW1400 Gower Supportive Housing HW1760 SelmaCherokee Housing HW1780 Vine/Santa Monica Housing HW1810 The Argyle Apartments HW1990 Response to Housing Opportunities J 65,949 750,000 196,484 241,119 1,956 6,000 42,581 8,561 1,758 20,489 275 4,053 159,349 47,128 56,590 101,712 5,854,355 174,507 196,745 371,252 187,380 78,695 1,782 1,189 269,046 79,620 50,000 19,999 21,962 1,242,440 6,500 300 1,420,821 184 300,000 83,946 141,093 4,250 640,442 20,000 14,880 140,912 15,153 1,586 1,362,446 627,878 3,805,000 2,000,000 3,435,000 1,553,702 Page 3 of 8
ATTACHMENT C FY2.01112. Carryover Encumbrances Project Area Laurel Canyon Commercial Corridor Little Tokyo Los Angeles Harbor Mid City Corridors HW2350 Historic Preservation HW2450 Vine Street Towers HW2850 AMPAS Museum Objective HW2860 Civic Center/Sunset Master Plan HW2890 Historic Resource Strategy HW2990 HCIP.~ HW Construction Impact Program HW2991 AB1290 Work Program... HW3010 Santa Monica Blvd Improvements HW3210 Hollywood &Westerr1?treetscape HW3300 HW Pedestrian/Transit Crossroads HW3410 Open Space Opportunities/Sustainable lni HW3860 Sunset Gordon HW3900 City Infrastructure Investment HW4150 Metrobike HW4500 Transportation Plan HW4600 Cinerama Public Parkin~ HW6130 Art Program HW6300 Urban Design HW6400 Social Needs ()bligation H'l\f6550 Human Development Ove~lay District (HOOD HW6990 HW9990 Project General Hollywood Subtotal LC1901 City Affordable Hsng Trust Fund LC2100 Developr1:1ent of Valley Plaza. LC2200 Commercial Revitalization LC3100 Laurel Canyon Project Area Public lmpro.. LC9990 Project General laurel Canyon Commercial Corridor Subtotal LT2150 Business Incentive Program LT2700 JACCC Rehab & Facility Expansion LT3200 Strategic~~blic Improvements LT6100 Community Plan Amendment... LT6~30 Art Program LT6990 LT9330 Project Financing LT9910 CAC/Citizens Participation LT9990 Project General Little Tokyo Subtotal LA1020 L&Lecouvreur Affordable Homes LA1990 Response to Housing Opportunities LA2600 Union Ice ExpansionBlock 27 LA3200 Alameda landscape & Public Imp... LA3350 Wilmington Unimproved Streets' lmproveme LA6990 LA9390 Plan Amendment Los Angeles Harbor Subtotal MD1010 Residential Rehabilitation MD1500 Jefferson Boulevard/Wellington Road MD1550 5th & Jefferson 828 150,901 80,863 59,779 39,604 162,350 76,375 2,369 1,221 164,498 217,456 6,227,017 500,000 4,277 1,180,000 8,912 142,746 17,706 26,832 105,326 345,528 15,709 20,951,878 330,231 10,826 123,550 4,602 1,167 470,376 1,064,453 500 29,307 5,888 250,000 3,000 1,650 1,780 11,153 1,367,731 960,000 5,777 5,454 213,635 167,781 2,759 244,835 1,600,240 152,390 9,500 1,500,000 Page 4 of 8
ATTACHMENT C FY201112 Carryover Encumbrances Project Area Monterey Hills Normandie 5 North Hollywood Pacific Corridor Objective. MD1901 City Affordable Hsng Trust Fund MD1990 Response to Hsg Opportunities MD2010 Adams/la Brea Commercial MD2020 Midtown Crossing MD2700 Crenshaw Transit Oriented Development MD2710 District Square MD2990 AB1290 Work Program MD3000 Public Improvement Street Trees MD3800 la Brea Avenue Public Improvements MD3810 San Vicente Public Improvements MD6130 Art Program MD6990 MD9910 PAC/Citizen Participation MD9990 Project General Mid City Corridors Subtotal MH2010 Dispositionof Agency Parcels MH3020 f\gency Property Maintena~ce MH3140 Project Wide Beautification MH6990 Economic Developme~t Opportunities MH9990 Project General Monterey Hills Subtotal N51010 Residential Rehabilitation N51020 Mercy Jefferson Park N51500 Exterior Residential Rehabilitation Prog N51990 Response to Housing Opportunities N52040 Commercial Facade N53200 Community Pride & Graffiti Abatement N53400 Engine House No. 18... N53500 N5 Area Sidewalk Repair Phase 1 N56990 N59910 PAC/Citizens Participation Normandie 5 Subtotal NH1230 NoHo Comm~ns Housing Affordability. NH1990 Response to Housing Opportunities NH2030 NoHo Commons NH2060 Commercial Facade Improvement.. NH2100 NoHo Arts District NH2340 North Hollywood Business Incentive Progr NH3020 Vineland/Edison Right of Way NH3070 NoHo Streetscape Improvement NH3652 North Hollywood Historic Train Depot NH6130 Arts Program NH6990 NH7777 North Hollywood NH9990 Project General North Hollywood Subtotal PA1600 Toberman Village PA1901 City Affordable Hsng Trust Fund PA1990 Response to Housing Opportunities PA2000 Business Incentive & Comml Facade 400,000 25,704 58,304 2,000,000 1,374,323 9,242 5,611 45,084 382,623 250,000 166,149 30,650 5,760 31,480 6,446,819 10,269 4,561 90,266 53,373 1,285 159,754 91,600 1,000 300,000 26,300 31,360 145,000 1,608 300,000 87,790 7,176 991,834 6,000 10,000 50,278 17,520 54,341 206,075 1,046 3,566 898,626 16,352 17,025 2,127 67,369 1,350,325 1,200,000 135,401 2,506,923 197,272 Page 5 of 8
Project Area Pacoima/Panorama City Pico Union I Pico Union II Reseda/Canoga Park ATTACHMENT C FY:ZOll12. Carryover Encumbrances Objective 'PA2150 Business Attractionand Retention Progra.. PA2990 AB1290 Work Program.. PA3200 Warner Grand Theater MixedUse PA3300 Public Improvement Program PA6200 Joint Development Agreement w/pola PA6600 Cultural Arts & Entertain Dist PA6990 Pacific Corridor Subtotal PqOsO Foothill Blvd Housing PC1210 E.Valley RegionHomeownership Opp. Prgm PC1220 E.Valley Region Homeowners hip Opp. Prgm PC1230 La Coruna Senior Apartments PC1300 Osborne lntergenerational Housing PC1350 Tobias Terrace PC1400 Jerome Apar~ment Homes PC1901 Housin~ Affordability PC1990 Response to Housing Opportunities PC2030 Plaza Pacoima PC2050 Project Area Bus Attraction/Retention Pr PC2710 Pacoima BID. PC3400 Pacoima Streetscape Project PC3622 PanoramaCity Streetscape Improvement PC3680 Sun Valley EDA Public Improvements PC3710 CD7 Sidewalk Improvement Project PC3730 Sylmar Streetscape Improvement PC3800 Job Readiness/!rainingCtr (CIS) PC6030 Redevelopment Plan Amendment PC6040 Pacoima/Panorama City Visioning Project PC6130 Art Program PC6500 Panorama City CommunityBased Transporta PC6990 Eccmomic [?~~~lopme~t ()pportunities. PC9990 Project General Pacoima/Panorama City Subtotal Pl1010 Residential Rehabilitation P12000 Pico Boulevard Commercial Facade P12060 Residential Facade Grant Pro~ram P1?4DO Street Abatement Program P16990Economi~. Development Opportunities P19990 Project General Pica Union I Subtotal P21990 Response to Housing Opportunities P22620 Pica Blvd Commercial Facade P22650 Residential Facade Grant Program P23060 Pico Blvd Streetscape Program P23070 Pi co Streetscape Improvement Program P26140 Plan Implementation Tools P26990 P29990 Project General Pica Union II Subtotal RP1080 Canby Woods I 485,000 800,000 70;373 44,327 59,416 995 123,965 5,623,672 13,738 5,624 6,013 2,000,000 4,000,000 2,500,000 1,500,000,, 939,401 7,928 13,706 42 24,000 557,259 134,461 981,646 ' 87,804 388,300 84,500 175,937 69,673 24,999 500 23,731 5,086 13,544,347 1,695 456,649 10,335 42,574 9,563 23,457 544,274 23,625 631,690 36,764 9,554 59,696 53,789 15,272 14,125 844,514 3, 724,000 Page 6 of 8
ATTACHMENT C FY201112 Carryover Encumbrances Project Area Vermont Manchester Watts Watts Corridors Western Slauson Westlake RP1120 Arminta Street House Objective RP1990 Resp()nse to Housing Opportunities R~2070 Child Development Institute RP2080 Reseda Town Center South RP2610 Canoga Park Main Street RP2900 Reseda Commercial Facade RP2950 West Valley Business Attraction Program RP3610 Canoga Park Streetscape RP3640 Reseda Streetscape Management RP3670 Reseda Alley Improvements RP3680 Canoga Park Green Alleys RP3690 Winnetka Streetscape RP3710 Reseda Streetscape RP6200 RCP Plan Amendment RP6990 RP9990 Project General Reseda/Canoga Park Subtotal VM1500 Ext~rior Residential Rehabilitation Prog Vrv12010 Vermont \jillage Plaza Phase II VM2040 Vermont Manchester Commercial Developmen VM2990 AB1290 Work Program VM6990 Vermont Manchester Subtotal WA1901 City Affordable Hsng Trust Fund WA2010 Martin Luther King Jr. Shopping Center WA3100 WA Cultural Crescent Landscaping WA3400 Watts Train Station Rehabilitation \IVA4200 Cultural Crescent Parking. WA6990 WA9990 Project General Watts Subtotal WC2120 Wattstar Theater WC6000 Plan Amendment......... WS6200 Pr?ject Area Expansion... WC6990 Watts Corridors Subtotal WS1500 ExteriorResidential Rehabilitation Prog WS1901 CityAffordabl~ t~sngtrust Fund WS2990 AB1290 Work Program WS3000 Public lmprov~ments WS3100 Western/Gage Gateway Public Improvements WS6990 Western Slauson Subtotal WL2100 Alvarado Comml Facade Grant Program WL2700 Westlake Theatre MixedUse Development Wl2990 AB1290 Work Program Wl3300 Public Improvements Open Space WL3400 MacArthur Park Band Shell Renovation WL4100 Alvarado Pedestrian Improvements WL6100 Plan Implementation Tools 370,653. 9,849 65,542 14,970 71,775 50,872 762,835 104,223 102,860 860,962 500,000 315,000 1,811,187 413,596 44,739 26,013 9,249,076 300,000 55,928 356,781 36,864 1,275 750,847 106,000 2,840 110 5,175 39,746 70 13,629 167,569 572 158,809 57,281 70,816 287,477 599,997 318,551 15,207 21,404 886,747 29,463 1,871,368 188,658 222,260 25,000 100,000 500,000 288,793 48,405 Page 7 of 8
ATIACHMENTC FY201112. Carryover Encumbrances Project Area Wilshire Koreatown Citywide General Agency Objective WL7777 Westlake WL9990 Project General Westlake Subtotal WK1450 Supportive Housing Initiative WK1650 LDK Senior Apartments... WK1750 New Hampshire Family Apts...... WK1760 Caroline Severance Manor WK1901 City Affordable Hsng Trust Fund WK1990 Response to Housing Opportunities WK2150 Korean Trade and Cultural Center WK2300 The Vermont Project WK2810 Green Retrofit Program WK2990 AB1290 Work Program WK3170 Olympic Blvd S~reetscape WK3500 Open Space Opportunities/Sustainabl~ lni ~K3520 N]adang ()penspac\0.. WK3550 Wilton Place Park \JVK3580 Munger Family YMCA WK3640 5th & Western WK4200 Wilshire/Vermont MixedUse Dvl WK6200 Parking & Traffic Circulation Program WK6990. WK9910 CAC/Citizen Participation WK9990 Project General Wilshire Koreatown Subtotal ST6650 SLA Redevelopment Plan Amendment ST6800 Arroyo Seco CW9990 Project General CN3321 BR Crown Coach Remediation System CN3400 MTLA Million Trees LA Street Trees CN3SOO LA River c.o CN6300 Greentech Corridor Brownfields and PreD Citywide Subtotal ADOOOO General Administration General Agency Subtotal Grand 6,500 14,346 1,393,962 2,733 1,690,000 700,000 800,000 1,000,000 29,683 1,568 5,000,000 96,500 61,197 1,300,000 75,443. 1,500,000 81,641 3,000,000. 850,000 18,428 850 752,721 23,841 27,771 17,012,375 155,446 38,350 177,500 65,250 10,000 38,207 5,432 490,185 2,872,409 2,872,409 126,724,799 Page 8 of 8
ATTACHMENT D VARP Rebates by Project Area Region Project A rea 1 Downtown Region East Valley Region Eastside Region Harbor Region Hollywood & Central Region South Los Angeles Region West Valley Region Bunker Hill Central Industrial Chinatown City Center Council District 9 Little Tokyo Laurel Canyon North Hollywood Pacoima/Panorama City Adelante Eastside Monterey Hills Beacon Street* Los Angeles Harbor* Pacific Corridor East Hollywood/BeverlyNorma ndie Hollywood Mid City Pico Union 1 Pico Union 2 Westlake Wilshire Center/Koreatown Broadway/Manchester* Crenshaw* Crenshaw/Siauson* Exposition/University Park Normandie 5* Vermont/Manchester* Watts* Watts Corridor* Western/51auson * Reseda/Canoga Park General Revenue Reserves Contributions Submitted Work Program Reductions 52,900 4,348,500 4,880,600 1,191,300 1,159,300 3,274,100 14,906,700 2,668,900 9,955,000 11,652,800 24,276,700 1,826,300 1,442,800 3,269,100 34,800 610,200 1,339,500 1,984,500 6,138,100 18,153,900 508,500 460,300 2,148,200 1,588,700 11,150,400 40,148,100 68,800 247,700 1,765,000 983,800 43,900 245,100 95,500 269,400 3,719,200 9,010,900 97,315,200 VARP Rebates Before Transfers 2 After Transfers 3 ~ 1,142,300 18,100 1,160,400. 1,000,000 2,100 1,002,100 2,000 492,600 494,600. 86,800 86,800 ~.. 2,743,900 2,743,900 2,743,900 1 ResourceLimited Project Areas indicated with "*" 2 Excess VARP Contribution Refunds by Source Project Area 3 General Revenue Reserve Account from VARP Savings Page 1 of 1 11/18/2011
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ATTACHMENT E VARP Rebate Detail VARP Contribution Refund Project Area VARP Contribution Fund Amount FY12 Work Program to be Used for Swap Rebates from Tax Increment Bond Proceeds and Housing funds Adelante Eastside Tax Increment (9131) los Angeles Harbor Tax Increment (9109) Mid City Tax Increment (9129) Subtotal $ 500,000 First Street Improvements Program (EA2210) using CRA Special Revenue {5132) 240,000 Plan Amendment (LA9390) using CRA General Revenue (1230) 86,800 Jefferson Blvd./ Wellington Rd. {MDlSOO) using Land Acquisition Fund (5331) 826,800 Rebates from General Revenue funds Chinatown City Center Ade!ante Eastside Monterey Hills Beacon Street Los Angeles Harbor Subtotal Project Area General Revenue (8105) Bunker Hi!l Program Income (1201) CRA Special Revenue (5132) Project Area General Revenue (8112) Project Area General Revenue {8103) CRA Special Revenue (5132) 1,142,300 18,100 500,000 2,100 2,000 252,600 1,917,100 2,743,900 Page 1 of 1