la, III III it R", to elo 1 nt Agency oft". CITY OF LOS ANGELES

Transcription

1 era/la BUILDING COMMUNITIES la, III III it R", to elo 1 nt Agency oft". CITY OF LOS ANGELES DATE / FI - U loe / life 1-20f West 7th Street / Suite 500 Los Angeles f California f 13'771600/F Honorable Council of the City of Los Angeles John Ferraro Council Chamber 200 N. Spring Street Room 340, City Hall Los Angeles, CA CRA File No. ~ Council District: Various Contact Person: Susie T. Dimaculangan (213) COUNCIL TRANSMITTAL: Transmitted herewith, is a Report for review by the Housing, Community, and Economic Development Committee and the City Council in accordance with the "Community Redevelopment Agency Oversight Ordinance" entitled: AS 1290 STATUS.REPORT, FOU RTH QUARTER FISCAl YEAR RECOMMENDATION That City Council review, and then receive and file, the report. ENVIRONMENTAL REVIEW The recommended action does not constitute a "project" as defined by the California Environmental Quality Act ("CEQA"). FISCAL IMPACT STATEMENT There is no fiscal impact to the City's General Fund, as a result of this action. tj --C->"fuleESSel, Chief Execulive Officer f I I cc: Richard Williams, Office of the City Clerk (Original & 3 Copies on 3-hole punch) Lisa Johnson Smith, Office of the CAO Ivania Sobalvarro, Office of the CLA James Dantona, Council District 6 Matt Karatz, Office of the Mayor Noreen Vincent, Office of the City Attorney

2 REPORT TO HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE STATUS REPORT ON CITY'S SHARE OF AB1290 FUNDS FOURTH QUARTER, FISCAL YEAR December 1,2011

3 Background As part of its approval of the era/la's FY Budget (C.F ), Council directed that the CRA/LA prepare and submit quarterly reports on the balance of AB 1290 Funds, including planned uses, commitments and expenditures in each Project area. On March 8,2011, the Council instructed CRA/LA to work with the Chief Legislative Analyst (CLA) to identify and take the necessary steps to transfer all unencumbered AB1290 funds to the City to administer (C.F ). Subsequently, CRA/LA remitted $23.5 million to the City on March 15, 2011, retaining only previously encumbered funds. Additional remittances to the City were made in May 2011 and October 2011, bringing the total amount remitted to $29.4 million. It was agreed with the CLA that funds will be returned to CRA/LA in order to make the payments to outside vendors for commitments - contracts which were approved by the Board and the Council. The enclosed schedules provide a FY year-end report on expenditures and encumbrances, as well as a summary of remittances made to the City and amounts to be returned by the City. This transmittal will constitute the final quarterly report by the CRA/LA to the Council. In the future, the CRA/LA will prepare schedules and provide other assistance, as requested, for use by the CLA in its reporting on the administration of the City'S share of AB 1290 Funds.

4 CITY'S SHARE OF AB1290 FUNDS AS OF JUNE 30,2011 (INCLUDES REMITTANCE TO THE CITY ON 10/14/11) A B C D E (A thru 0) F G H I K (E thru J) AB1290 Fund Returned Additional Adjustment by City for Commitment Amount to be Beginning on FY 10 Interest Total City Transfers / Encum brances Net Remittances But Not Yet Receivable Remitted to the Project Area Balance AB1290 [1] Income [2] FY11 AB1290 AB1290 Funds Expenditures [3] [41 to the City [S] Encumbered from the City [6] City [7] Adelante Eastside 820, (657.26) 2, , ,114, ( ) (1,009,338.27) Beacon Street 113, (5.02) , , (239,904.52) Broadway/Manchester 112, , , (60,700.00) (84,240.29) Bunker Hill 689, (11.18) 1, , ,348, (1,430,700.00) (657,34S.50) 740, , Central Industrial 673, (1,521.15) 1, , , (202,500.00) (748,198.50) 1, City Center 762, (214.83) 2, , ,120, (893,141.87) (225,791.00) 1, Council District 9 1,661, , , , ,361,761,67 (1,608,072.98) (2,225.40) (1,160,194.55) 410, , Crenshaw 164,656,12 (193.51) , , (202,654.83) Crenshaw/Slauson 393, , , , (465,428.71) East Hollywood/Beverly Normandie 1,181, , , ,551, (74,999.00) (1,469,721.21) 7, Exposition/Un iversity Park 456, (76,996.75) 1, , , (186,616.00) (358,195.88) Hollywood 2,797, (97,511.23) 7, ,453, ,160, (464,472.80) (67,201.24) (3,625,931.06) 3, Laure! Canyon 373, , , (143,414.30) (4,602.18) (319,873.64) 4, Little Tokyo 334, (15.80) , , (448,006.96) Los Angeles Harbor 199, , , (142,781.00) (106,614.90) Mid City Corridors 1,884, (6.85) 6, , ,160, (17,376.94) (1,132,623.00) (1,000,730.86) 10, Monterey Hills 179, (0.60) , , (268,278.17) Normandie 5 290,865,93 (16.27) 877,11 69, , (162,800.00) (197,990.65) Pacific Corridor 1,093, , , ,291, (800,000.00) (488,976.64) 2, Pacoima/Panorama City 3,523, (430.74) 9, ,068, ,601, (479,911.00) (981,646.00) (3,073,688.30) 66, Pico Union I 157, (0.89) , , (191,603.82) Pico Union II 442, , , , (100,000.00) (437,706.30) Reseda/Canoga Park 1,148, , , ,411, ,568, (41,800.00) (87,860.00) (2,430,365.20) 8, Vermont Manchester 361, (211.99) 1, , , (34,936.28) (36,863.72) (331,902.91) Watts 51, (1.07) , , (52,779.04) Watts Corridors 347, , , (381,23476) Western Slauson 439, (224,35) 1, , , (84,793.10) (15,20690) (426,744.81) Westlake 1,142,814,35 (2,377.89) 2, , ,474, (76,152.00) (1,220,889.80) 176, Wilshire Koreatown 5,104, , , ,174, ,299, (100,000.00) (6,068,651.60) 131, TOTAL 26,899, (163,084.16) 72, ,687, ,496, (3,739,844.40) (4,904,209.44) (28,360,33355) (225,791.00) 1,155, , Notes: PI Adjustment to reconcile w,th FY10 ending balances [41 See Schedule 8 for details of encurnbrsnces 12] Interest rate of 0.38% based on average dally balance [5J See Schedule C: includes remittence to the Clty on 10/14111; (let of funds returned by the City 10 cover certain commitments 13) Includes $700,000 transfer from C9 for Wall Slauson project See Schedule A for details of expenditures ($3,039,844) [61 See Schedule D for detaus: City returned funds of $891, on (7) See Schedule E for breakdown.

5 SCHEDULE A - AB1290 EXPENDITURES FY (AS OF 10/31/11) A... Council Distrfct PrOlSet I rll.. ''1UII'UO' GQii~ II)V TQleJ Adelante Eastside 14 Bovle Heiahts Farmer's Marllet (EI Centro De Avudal CF /8/2010 $ 25,000 EI Sereno Farmer's Market CF /14/ ,000 Benjamin Franklin Public Librarv CF /4/ ,800 Adelanle Eastside Total 103,800 Broadway/Mancilester 8 3-D Urban Simulation Model CF /17/ ,700 Broadwav/Manchester Total Council District 9 9 Avalon Park Project CF /17/ ,000 Section 108 loan CF /4/ ,604 Slauson Central - Environmental Site Assessment CF /4/ ,395 Slauson Central - Relocation Pavments CM Perry's 10/1/09 Letter 259,074 Council District 9 Total 908,073 East Houvwood/Beverlv-Normat 4,13 Barnsdall Art Park CF /14/ ,999 Hollywood/Beverly-Normandie Total 74,@99 Exposition/University Park 8 Co-op with Public Works (BSS) Public Imorovements CF S1 2/9/ ,616 ExposltionlUniversity Park Total 186,616 Hollywood 4,13 HUman Development Overlay District CF /10/08 & 10/ ,729 '13 East Cahuenqa Corridor Pedestrian Allev CF /28/ ,744 Hollvwood Beautification CF /18/ ,000 Hollvwood Total 464,473 Laurel Canyon 2,4 Urban Forestrv - Victory Blvd. Public Improvements CF / Victory Boulevard Public Improvements CF /21/ ,084 Laurel Canyon Total 143,414 Mid-City '10 La Brea Avenue Public Improvements (LAN!} CF /4/ ,377 Mid-City Total 17,377 Normandie 5 8 Co-op with Public Works (BSS)- Public lrnnrovements CF S1 2/9/ ,800 Normandie 5 Total 162,800 Pacoima/Panorama City 7 LAPD Security Cameras - Mission Division CF /26/ ,000 CD7 Foreclosure Prevention Proaram CF S2 7/9/ ,000 6 Sun Vallev EDA Grant Public Improvements CF /20/2010 6,637 Sun Valley EDA Grant Public Imorovements CF /20/ ,274 Pacoima/Panorama City Total 479,911 Pica Union 2 1 Pica Econ Dev. & Empowerment Center CF /2/ ,000 Pica Union 2 Total 100,000 Reseda/Canoga Park 3 Reseda Central-Landscaping and Main!. CF /11/ ,800 Reseda/Canoaa Park Total 41,800 Vermont/Manchester I 8 13-D Urban Simulation Model CF /8/ ,936 VermontJManchester Total 34,936 Western/Slauson 8 3-D Urban Simulation Model CF f8/ ,793 Western/Slauson Total 84,793 Westlake 1, 13 Central Citv Neiahborhood Partners- Transportation Plan S3 5/25/ ,650 IEpiscopal Housing AliiancelMama's Hot Tamales ICF /4/ ,502 Westlake Total 76,152 Wilshire Center/Koreatown 10 CD10 Economic Development Services CF /5/ ,000 Green Retrofit Proaram CF /5/ ,000 Wilshire Center/Koreatowll Total 100,000 Grand Totat..,.."_'01" (Al [AI (8) (e) (A) Authorized expenditures paid after the A81290 funds were remitted to the City on 3/15/11; reimbursed by the City on 11/30/11 ($148,999). (8) Motion to use AB1290 funds introduced 11/22/1 'I; City to reimburse CRA/LA upon approval by the Council. (C) Authorized expenditure paid after the AB1290 funds were remitted to the City on 3/15111; to be reimbursed by the City

6 SCHEDULE B - AB1290 ENCUMBERED FUNDS FY (AS OF 10/31/11) Project Are~ Co~1 District Eroject Council File Da~; CounciL Total Bunker Hill 9 Dunbar Village for C9 CF /18/2011 $ 740,328 Bunker Hill Total 1,430,700 Central Industrial 9, 14 Public Improvements CF S1 2/13/ ,500 Central Industrial Total 202,500 Council District 9 8, 9, 14 Slauson Central - Environmental Site Assessment CF /4/2009 2,225 Council District 9 Total 2,225 Hollywood 4,13 Human Deve.lopment Overlay District CF /17/2008 3, ,372 LAUSD LeConte Middle School Skate Park CF /22/ ,375 Hollywood Total 67,201 Laurel Canyon 2,4 Victory Boulevard Public Improvements CF /21/2011 4,602 Laurel Canyon Total 4,602 Los Angeles Harbor 15 Wilmington Unimproved Streets' Improvements CF /12/ ,781 Los Angeles Harbor Total 142,781 Mid-City 10 La Brea Avenue Public Improvements (LANI) CF /4/ ,623 Midtown Crossings CF 10-0B48-S1 5/28/ ,000 San Vicente Blvd Public Improvements (LANI) CF /4/ ,000 Mid-City Total 1,132,623 Pacific Corridor N. Gaffey Street acquisition CF S2 12/9/ ,000 Pacific Corridor Total 800,000 Pacoima/Panorama City 2, 6, 7 Sun Valley EDA Grant Public Improvements CF /20/ ,646 Pacoima/Panorama City Total 981,646 Reseda/Canoga Park 3,12 Reseda Streetscape Maintenance CF /11/ ,860 Reseda/Canoga Park Total 87,860 VermonUManchester B 3-D Urban Simulation Service CF /B/ ,864 VermonUManchester Total 36,864 Western/Slauson 8, 9 3-D Urban Simulation Service CF /8/ ,207 Western/Slauson Total 15,207 5,289 2,164 (A) (A) (B) Grand Total $4,904,209 (A) Encumbrances made after the AB1290 funds were remitted to the City on 3/15/11; funds returned by the City on 11/30/11 ($742,553). (B) Encumbrance made after the AB1290 funds were remitted to the City on 3/15/11; fund to be returned by the City.

7 SCHEDULE C - REMITIANCE OF AB12.90 FUNDS TO THE CITY OF LOS ANGELES FY (AS OF 10/31/2.011) Resources as of Additional Balance et FY11 Net of Encumbrances and Total Remittance Remittance to AB1290 Funds Returned Before City Share on FY11 Partial Remittance of to Ihe City on the City on Remitted on Total Remittance by the City on Project Area ABl2.90 FYI1 AB1290 3/15/11 5/18/11 10/14/11 to the City 6/24/11 Net Remittance A B C (A + B) D E F (C t D + E) G H (F-G) Adelante Eastside 716, , , , ,009, ,009, Beacon Street 113, , , , , Broadway/Manchester 52, , , , , Bunker Hill 690, , , ,347, , , Cenlral Induslrial 469, , , , , , City Center 763, , ,013, , ,118, , , Council District 9 464, , , , ,160, ,160, Crenshaw 164, , , , , Crenshaw/Slauson 393, , , , , East Hollywood/Beverly Normandie 1,102, , ,348, , ,469, ,469, Exposilion/University Park 193, , , , ,' Hollywood 2,172, ,172, ,453, ,625,931,06 3,625,93'1.06 Laurel Canyon 231, , , , , , liltle Tokyo 334, , , , , Los Angeles Harbor 56, , , , , Mid City Corridors 730, , , , ,000, ,000, Monterey Hills 179, , , , , Normandie 5 128, , , , Pacific Corrido I' 294, , , , , , Pacoima/Panorama City 2,004, , ,739, , ,073, ,073, Pica Union I 157, , , , , Pico Union II 442, , , , , , Reseda/Canoga Park 1,019, , ,747, , ,430, ,430, Vermont Manchester 289, , , , , Watts 51, , , , Walts Corridors 347, , , , a1, , Western Slauson 339, ,331,00 87, , , Westlake 928, , ,115, , ,259, , ,220, Wilshire Koreatown 4,894, , ,572, , ,068, ,068, TOTAL 19,547, ,922,431,00 23,469, , ,765, ,415, ,054, ,360, i

8 SCHEDULE D - DETAILS OF RECEIVABLE FROM THE CITY FY 2010~11 (AS OF 10/31/11) Expenditures to be Reimbursed by the City Encum brances to be Funded by the City Total Amount Receivable from the City Adelante Beacon Eastside Street Broadway/Manchester Bunker Central Hill Industrial 740, (8) 740, City Center Cou neil District 9 408, (A) 2, (8) 410, Crenshaw Crenshaw/Slauson East Hollywood/Beverly Normandie Exposition/University Hollywood l.au rei Canyon Little Tokyo Park , , Los Angeles Harbor Mid City Corridors Monterey Hills Normandie 5 Pacific Corridor Pacoima/Panorama City Pica Union I Pica Union II Reseda/Canoga Park Vermont Manchester Watts Watts Corridors Western Slauson Westlake Wilshire Koreatown TOTAL 408, , ,155, ,155, (A) Received reimbursement. from the City " $ ; $259, ponding upon Council approval. (8) City returned funds 01$742, on 1113Q111.

9 SCHEDULE E ~ BREAKDOWN OF ADDITIONAL REMITIANCE TO THE CITY FY (AS OF 10/31/11) Adjustment ~ Additional Over (Under) Total Additional Interest Income Reporting of Expenditures Amount to be to be Remitted to Encumbrances in Reclassified to Unencumbered Remitted to the the City 03 Report Other Funds Funds City Adelante Eastside 1, , Beacon Street Broadway/Manchester Bunker Hill 1, , Central Industrial 1, , City Center 1, , Cou neil District 9 1, , Crenshaw Crenshaw/Slauson East Hollywood/Beverly Normandie 2, , , Exposition/University Park Hollywood 4, (1,476.DO) 3, laurel Canyon UttleTokyo Los Angeles Harbor Mid City Corridors 4, , , Monterey Hills Normandie Pacific Corridor 2, , Pacoima/Panorama City 6, , , Pico Union I Pico Union II Reseda/Canoga Park 2, , , Vermont Manchester Watts Watts Corridors Western Slauson Westlake 1, , , , Wilshire Koreatown 9, , , , , TOTAL 49, , , , ,697.40