2013-17 - RESOLUTION 2013 - 17�
i
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF GRAND
TERRACE TRANSFERRING HOUSING ASSETS TO THE GRAND
TERRACE HOUSING AUTHORITY.
WHEREAS, the State Legislature dissolved redevelopment agencies by enacting
Assembly Bill Nos. 1x 26 and 1484, relating to redevelopment dissolution, ("Dissolution
Statutes") which became effective on June 28, 2011 and June 27, 2012, respectively;
WHEREAS, the City of Grand Terrace created the Grand Terrace Housing Authority
("Housing Authority") on January 30, 2012 to assume all rights, powers, assets,
liabilities, duties, obligations and functions associated with the housing activities of the
former Community Redevelopment Agency of the City of Grand Terrace;
WHEREAS, the Housing Authority, as required by Health and Safety Code
§34176(a)(2), submitted a Housing Assets Transfer Form (HAT) to the California
Department of Finance on July 26, 2012;
-- WHEREAS, the DOF on August 25, 2012 incorrectly denied the transfer of three (3)
parcels of vacant land purchased with Low-Moderate Income Housing Funds to the
Housing Authority listed in the HAT on Exhibit A— Real Property;
WHEREAS, the DOF held a Meet & Confer meeting with the City of Grand Terrace on
December 5, 2012 which included the transfer of the three parcels listed in the HAT on
Exhibit A— Real Property;
WHEREAS, the DOF issued a revised determination on January 25, 2013 approving
the transfer of the three parcels listed in the HAT on Exhibit A — Real Property to the
Housing Authority thereby fully approving the Housing Assets Transfer Form submitted
to the DOF on July 26, 2012;
NOW THEREFORE, BE IT RESOLVED THAT THE SUCCESSOR AGENCY TO THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF GRAND TERRACE
DOES RESOLVE, DETERMINE, FIND AND ORDER AS FOLLOWS:
Section 1. The Successor Agency hereby transfers all housing assets, and all rights
related thereto, to the Grand Terrace Housing Authority as defined by Health and Safety
Code § 34176. This transfer shall include, but is not be limited to, the assets listed in
the Housing Assets Transfer Form submitted to the California Department of Finance on
July 26, 2012 and attached to this Resolution as Attachment "1."
Section 2. The Successor Agency hereby transfers all water shares in the Riverside
Highland Water Company associated thereto the three parcels listed in Exhibit A — Real
Property of the-Housing Assets Transfer Form to the Grand Terrace Housing Authority.
Section 3. The Successor Agency hereby transfers any housing covenants of the
former Community Redevelopment Agency of the City of Grand Terrace to the Grand
Terrace Housing Authority.
Section 4. The Successor Agency hereby directs the Executive Director to bring this
transfer of Housing Assets, as defined by Health & Safety Code section 34176, to the
Oversight Board for the Successor Agency for its consideration and approval.
Section 5. The Successor Agency hereby authorizes the Executive Director to take
all actions necessary and required to carry out this Resolution.
PASSED, APPROVED AND ADOPTED by the Successor Agency for the Grand
Terrace Redevelopment Agency at a regular meeting held on the 23th day of April,
2013.
Chair of the Successor Agency for the
Community Redevelopment Agency of
the City of Grand Terrace
ATTEST:
Agency, cre ary
I TRACEY R. MARTINEZ, AGENCY SECRETARY of the Successor Agency for the
Community Redevelopment Agency of the City of Grand Terrace, do hereby certify that
the foregoing Resolution was introduced and adopted at a regular meeting of the
Successor Agency Board of the Successor Agency for the Community Redevelopment
�., Agency of the City of Grand Terrace held on the 23t" day of April, 2013 by the following
vote:
AYES: Councilmemblers McNabloe, Mitchel[.l_-and Robles; Mayor Pro TemLS1a1nd1ovW1 aiift-,
Mayor Stancklilewfiltz
NOES: None
ABSENT: None
ABSTAIN: None
IJ it LA
Tracey Martinez; Agenc - cretary
APPROVED AS TO FORM
Successor Agency Counsel
DEPARTMENT OF FINANCE
HOUSING ASSETS LIST
ASSEMBLY BILL Xi 26 AND ASSEMBLY BILL 1484
(Health and Safety Code Section 34176)
Former Redevelopment Agency: Community Redevelopment Agency of the City of Grand Terrace
Successor Agency to the Former
Redevelopment Agency: City of Grand Terrace
Entity Assuming the Housing Functions
of the former Redevelopment Agency: Grand Terrace Housing Authority
Entity Assuming the Housing Functions
Contact Name: Joyce Powers Title Community Development Diretor Phone 909-430-2225 E-Mail Address ioowersCa�cityofgrandterrace.org
Entity Assuming the Housing Functions
Contact Name: Bernie Simon Title Finance Director Phone 909-430-2216 E-Mail Address bsimon(a)citvofgrandterrace.org
All assets transferred to the entity assuming the housing functions between February 1,2012 and the date the exhibits were created are included in this housing assets list.
The following Exhibits noted with an X in the box are included as part of this inventory of housing assets:
Exhibit A-Real Property X
Exhibit B-Personal Property X
Exhibit C-Low-Mod Encumbrances X
Exhibit D-Loans/Grants Receivables X
Exhibit E-Rents/Operations X
Exhibit F-Rents X
Exhibit G-Deferrals X
Prepared By: Joyce Powers
Date Prepared: 25-Jul-12
I
Exhibit A-Real Property
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section U176(a)(2)
?k;. 4 _. ,a, k:A�. -.s.,e t o't ', — — —
..,.. r{ Y,�•: Construction Yj f s Date of Interest im,
ti
Ly
thv
or;acquisitlon_, , Construction Construction' construction real property.
��:;�<: ;{;`•:'rwF u,. x ry ssLc>.�.e'Mz aa. ac :S+, ✓v,<<
'encumtiered`h '' '?&transfer tot, ost funded, or 66qulsition oi.acquisitidn or {optlon to3
Total Square footage a low-mod d Source oillow Housing withfiLow=Mod costs funded costs funded acquisition purchase
"'< 1 Le al Title;and Car in xValue s uare reserveddfor low= °ti .li"ousin a gmod housln Successor Hous v Fu d t with'other `with non-RDA.,` b he " easement';
""�.�� 9•�, ,,. .. rY 9, q 9; r f.;rne*., g e::v:xz,9.. r"^r er•,..: .. y
'+.r: + ain x �'
«��, � �.. _ k ev.w•, sw !F low :'�• r, r_p:,..covenant�b7-:'I,;YA eric>,. ,. momes `''.a ."MRDAfunds _ i:< funds =_former RDA y etc.)
Item# ",,zType,of,Assetsa/1_x - Descripiwn °otrAsset ., fodtage, mod,housmg _ covenan4?' _ g y _ _ _
1 unimproved land 'APN 1167-231-01 $240,277 61,930 61,930(land) no WA 30-Jan-12 $240,226 none none 23-May-01 own in fee
2 unimproved land _'APN 1167-311-01 _ $222,939 _ 62,290 62,290(land) no N/A 30-Jan-12 $222,939 none none _ 2/2/2002 _ own in fee
3 unimproved land 'APN 0275-251-04 $177,000 34,848 •34,848(land) no N/A 30-Jan-12 $177,000 none none 12-May-09 own in fee
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20 — — — — —
Assessor's parcel purr ber in San Bernardin o County
a/Asset types may include low-mod housing,mixed-income housing,low-mod housing
with commercial space,mixed-income housing with commercial space.
b/ May include California Redevelopment Law,tax credits,state bond indentures,
and federal funds requirements.
Exhibit B-Personal Property
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
4, ��i rS t o F 1 "" A 'Dat of ,f t o uIsitlon a e 1
esyw5q t4.ts, es.` F a
transfer costund wy� kcgtisltlon y't
& W .N H ouin with LowMod Acqulsitlon,costs tcosts funded Date of" =
.� .�+ B "kG n
3 k3 h non RDA" ac uisitlon b
x y s xa �Carrymg�Val�u Successor Houssmg Fund funded w+th wu q y;
aR i.�,x h
Item#;- Type=ot-Asset al r,�> Descnpuon• w.,,of,Assxet Agency momes_r other RDA funds funds [heaformer RDd
1 None — — — —
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10
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18
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at Asset types any personal property provided in residences,including
furniture and appliances,all housing-related files and loan documents,
office supplies,software licenses,and mapping programs,that were
acquired for low and moderate income housing'purposes,either by
purchase or through a loan,in whole or in part,with any source of funds.
Exhibit C-Low-Mod Encumbrances
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
a '• f �-ij' I Constructlon'or
g, c ..' `�:i$9 .' G `'G ✓,3' -
s +, tTotal;amount, , Isthe property k acq'ulsitlon cost ;, Construction
x,�,,+..a5!'1'Lo'�"M�.*, .. ..'S :. , , ? >.,�. a' n;^..7rr__r a::°cv+,..( ^':.. .xL. 1.... .: ' ..�:_. ^. ,; ..:3. ,.
' x� n + .. �; r;`.funded�with,; .Constructionlor' or;acquisition - Date of
Type of housing;built! ;Date contract for currently encumbered b
:ens.. _µ. a. •:.r,�_. ♦x y !...:g7,a. +.. 'r,$F� r�xX°iy y��^ :rk'�' x,, . �,�t"s? t x
3 s•"o ac uiredYwrth '? 'Enforceable ➢ ;Hi�- a ? owed forthesazaow-mod ,< 'Source ofaow ti Currently ` `Low M d ac uisitloncosts costs funded construction or
q- •,: <s �;7 a "Y 7'+'g.,:::¢t-� �s?.%! sYC.!, ...; :<' > ..: w'C-r: � '1; Xc3^' "r rse;.:^'� qy: n
enforceabl obh ated^_,' _ .,Obhgabon:was r .Contractualy',; `'Enforceable housing.+ `c mod+housing; owner?ofh Hbusmg;F.und r; funded with; with non-RDA, acquisition of
yaa g}y C ,. �yt gion v' �h � ,t K a c •L• as ra : k n x; x<v_ ,ti, -
Item# funds:a/ z executed _ _couM'erparty, > ,Obligation _ `coveriant2` +covenant b/_^ tFie property_ monies x _otherRDA funds' funds _ the property
1 108 affordable senior 24-Feb-09 City of Grand 3,000,000 yes Low-Mod funds City' $9,5B8,381 none $9,644,000 complete 27 Oct 09
2 units Terrace
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11
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City of Grand Terrace is land owner and leases land to the Corporation for.
Better Housing(CBH).CBH owns the improvements.
a/May include low-mod housing,mixed-income housing,low-mod housing with commercial
space,mixed-income housing with commercial space.
b/ May include California Redevelopment Law,tax credits,state bond indentures,and
federal funds requirements.
Exhibit D-Loans/Grants Receivables
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2) .
R-thich
Are there
contractual
requirements
Was the Low-Mod specifying the
Housing Fund = Person entity to purposes for which NRep.y-
MRNI...
Current
amount Issued fora Amount of the loan Date the loan or whom loan or the funds may be - outstanding'Item# loan or a grant? - or grant - grant was Issued grant was issued _ used? _ - _ _,Ioa_n balance
1 loan _ $69,000'_ 25-Nov-02_Amanda Ra mer 1st Time Homebu fed yes 1upon sale or refinance 0 1 $69,000
2 loan $44,000 8-Jul-03 Michelle Boustedt. FTHB es upon sale or refi 0 $44,000
3 loan _ $39,000 _ 3-Dec-09_Diane Kimble FTHB yes upon sale or refi 0 $39,000
4 loan _ $62,000 _ 31-May-03_Alisa Flann FTHB yes upon sale or refi 0 $62,000
5 loan _ $29,000._ 13-Sep-02_David&Janice Farrar FTHB yes upon sale or ref! 0 .$29,000
6 loan _ $33,000 _ 19-Mar-01_Julia Cook FTHB/rehab yes u on sale or refi 0 $33,000
7 loan _ $28,000 _ 23-Mar-00_Dana Gardner FTHB yes upon sale or refi 0 $28,000
8 loan _ $190,000 _ 27-Oct-04_Philip&Amy Biorkman FTHB yes upon sale or refi 0 $190,000
9 loan _ $20,000 _ 2-Dec-98_Michael Morgan FTHB yes upon sale or refi 0 $20,000
10 loan _ $35,915 _ 18-Jul-94_Daniel&Olivia Ybarra Rehabilitation yes upon sale or refi 3% $20,903
11 loan _ $155,000 _ 23-Jun-05_Charles Heilman FTHB yes upon sale or refi 0 $155,000
loan City of Grand Terrace incorrect
12 _ $168,205 _ 1994_ passthrough no 1Jul-13 0 $20,897
13 loan _ $448,636 _ 2012_Successor Agency of SERAF by Statute by 2015 None $448,636
14 _ _ _RDA
15
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Exhibit E-Rents/Operations
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
: -`"4 ,p Item•#from
way "rpos,$Ior
hep encumblow-mod Sour is associaProperty collectsEthe ultimately payments are 4 hous , y wlth'rtr;;'y"
k f:xx r ,Fa..-ten St -c . ,. .e<:, �' She.
Item# ",Type of=p'......t a/ ;,asso'clated blf — 'owner. k= payments ., remitled� _ ,used: ;covenant2.:.— oovenant cl;a'_..applicatile)'i
1 None 7710
11
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18
19
20
a/ May include revenues from rents,operation of properties,residual receipt
payments from developers,conditional grant repayments,costs savings and
proceeds from refinancing,and principal and interest payments from homebuyers
subject to enforceable income limits.
b/ May include low-mod housing,mixed-income housing,low-mod housing with
commercial space,mixed-income housing with commercial space.
c/ May include California Redevelopment Law,tax credits,state bond indentures,
and federal funds requirements.
Exhibit F-Rents
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
his -� v.!db
.,, .. ,..• 2Entity to which Type of pthe collectedPurpose.forencumbered by Ilem#from with whi Entity that payments are which the a`low-mod Sourc a of low- ExFiitiit A thepaymen Properly collects the ultimately payments areousing motl'housing isassociated with
msYzt . a ypA._associate „ q `_„4;.owner.- ._ payments,a;�, ._ remitted F ,,. y+„used,,;, �z, r-:covenant7..; _,.covenant cG".,._ y(Ifapplicable)
1 None _
2 _
3 _
.4
5 _
6 _
7 _
8 _
9
10
11
12
13 _
14 _
15 _
16
17
18 _
19 '
20 —
a/May include rents or home loan payments.
b/ May include low-mod housing,mixed-income,housing,low-mod housing with
commercial space,mixed-income housing with commercial space.
c/ May include California Redevelopment Law,tax credits,state bond indentures,
and federal funds requirements.
t �
Exhibit G-Deferrals
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
cM
Interest rate
Fiscal year In at which Date upon whlchf
Purpose.for which whichrfunds Amount funds were Current>, funds were to be'•
IternffRf sfunds weie'deferredt � .r were-deferred _c;,deferred. to belrepald=,amount owed — p
1 None
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