2013-08 r
RESOLUTION 2013 - 08
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF GRAND TERRACE TRANSFERRING FORMER COMMUNITY
REDEVELOPMENT AGENCY 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 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;
WHEREAS, the Oversight Board desires to memorialize and approve the transfer of all
housing assets, as defined by Health & Safety Code section 34176, regardless of
whether such assets were listed on the HAT.
NOW THEREFORE, BE IT RESOLVED THAT THE OVERSIGHT BOARD DOES
RESOLVE, DETERMINE, FIND AND ORDER AS FOLLOWS:
Section 1. The Oversight Board hereby transfers all housing assets to the Grand
Terrace Housing Authority as defined by Health and Safety Code § 34176(e). This
transfer shall include, but 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
included as an attachment to this Resolution.
Section 2. The Oversight Board hereby transfers all water shares in the Riverside
Highland Water Company associated with housing assets listed in Exhibit A — Real
Property of the Housing Assets Transfer Form to the Grand Terrace Housing Authority.
Section 3. The Oversight Board 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 Oversight Board hereby authorizes the Executive Director to take all
actions necessary and required to carry out this Resolution.
Section 5. This Resolution shall be effective five business days after its passage or in
accordance with applicable law.
Section 6. The Oversight Board Secretary shall certify to the adoption of this
Resolution.
PASSED, APPROVED AND ADOPTED by the Successor Agency for the Grand
Terrace Redevelopment Agency at a regular meeting held on the 5th day of June, 2013.
AYES: Board Members Miranda, Shields, Ferracone and Forbes; Vice-Chairman
Saks and Chairman Stanckiewitz
NOES: None
ABSENT: Board Member Morga
ABSTAIN: None
Walt StqWckiewitz,
Oversight Board Chair
ATTEST:
Tracey R. artinez,
Oversight Board Secretary
DEPARTMENT OF FINANCE
HOUSING ASSETS LIST
ASSEMBLY BILL X1 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 joowers(@citvofarandterrace.oro
Entity Assuming the Housing Functions
Contact Name: Bernie Simon Title Finance Director Phone 909-430-2216 E-Mail Address bsimon(@citvoforandterrace.oro
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
Exhibit A-Real Property
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
w '` i � ),x, " ° x,wJ,,+ Construct on' , ' (� Date.of ; Interest ins
BMr �AS ly x ;h'A' 1f ' 5d {, . '' ''o on, -. ,
e ,y p p rty r ., , Date of,' or acquisition Construction Construction' 'construction real property
v encumbered+by w r�,lc transfer'td, cos(tunded', or acquisition or acquisition- or ' (option to'
' `*:Total -�... ._.,.
p Square footage a""low-m d", Source�of low y Housing wnh`�Low-Mod costs funded ``
s �;r,a �a i: xu k�..�M w fw ,o.,..,�eh costs tundedS r acquisition purchase .ti
.; ,.. is -mac 1i .,,.,.._ - 8 ., ,�..
Legal Title and.- Carrying value squared tegerved for low,f P housin mod housin ;Successor;Ja rHousrn Fund' t wdh oilier wrth'non-RDA ;;b ;the easement`
'a�i c, a.� ,n .:r3y �v. ,R .,rw .a k..r:�.^^„ ..,. '^°; .,r ae-, 9-.. �L ;af.<, ...t91 a 9 r y t„ i :Y;...
Item# =-Typefof'Asset"8a/ n-^;:Description ,,:..: ;oftwsset '•t footage '?'dmodihousing ` ';,covenant7k�., ,covenant.b/ * . Aw6V.� 'vmoni6s '_=^,RDA�funds � funds r''`'� !former RDA etc.)
I 1 lunimproved land I I-APN 1167-231=01 I I $240,277 I I 61,930 I I 61,930(land) I I no I I WA I 130-Jan-12 I I $240,226 I I none I I none I 123-May-01 I I own in fee
1 2 lunimproved land I I-APN 1167-311-01 I I $222,939 I I 62,290 I I 62,290(land) I I no I I WA I 130-Jan-12 1 1 $222,939 1 1 none I I none 1 1 2/2/2002 1 1 own in fee
3 lunimproved land I I-APN 0275-251.04. I I $177,000 I I 34,848 I I 34,848(land) I I no I IN/A I 'I 30-Jan-12 I I $177,000 I I none ' 1 I none 1 I 12-May-09 I I own in fee
l a
15 1 I I I I I I I I I I I I I I I I I I I I I I I I
s l II I I II II II II II I' I II II II II
7 1 I I I I I I I I I I I I I I I I I I I I I I
16 I I I I I I I I I I I I I I I I I I I I I I I I I
I s l I I I I I I I I I I I I I I I I I I I I I I I I
110 I I I I I I I II I I I I II II II I I I I I I
111 I I I I I I I II I I I I I I I I I I I I I I I I
112 I II I I II II I_ I II II II I I I I I I I I
113 I II I I II II I I II II II II II I I I I
114 I I I I I I I II I I I I I I I I I I I I I I I I
115 I I I I I I I I I I I II I I I I I I I I I I I I
116 I II I I II II I I II II II I I I I I I I I
117 I II I I II II I I II II II I I I I I I I I
116 I II I I II II I I II II II II II I I I I
119 I II I I I I II I I I I I I I I I I I I I I I I
1 20 I I I I I I I I I I I I I I I I I I I I I I I I I
Assessor's parcel nurr 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)
Date of Ac 'ulitlonIIVA'
� '
k day transfer to fun ied f bAcquisihonf7
Housing wit pow Mo,dw! R Acquisitioncosts costs fundedi#f mate of g
k Car in Value Successor HousiFund funded ith with nori RDq tac utsition b
'. �b pw k ry 9 n9 t z =M�wit t x } ' aa� € q ^.r,' =y
Item# Type of Asset a/ Description: of Asset ;:Agency monies,_ . .: othor;RDA,funds,, „ funds , .the,former RDA
1 INone I I I I
2 1 I I I I I I I I I I I I I I
3 1 I I I I I I I I I I I I I I
1 4 1 I I I I I I I I I I I I I I
I s
s
1 7 1 I I I I I I I I I I I I I I I
I s l I I I I I I I I I I I I I I I
I s l I I I I I I I I I I I I I I I
I 10 I I I I I I I I I I I I I I I I
I 11 I I I I I I I I I I I I I I I
I 12 I I I I I I I I I I I I I I I
I 13 I I I I I I I I I I I I I I I
14 I I I I I I I I I I I I I I I
15 I I I I I I I I I I I I I I I
16 I I I I I I I I I I I I I I I
17 I I I I I I I I I I I I I I I
18 I II I I II II I I I I I I
19 I I I I I I I I I I I I I I I
20 I I I I I I I I I I I I I I I
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)
R40INY51 ON
E,
Motal amount the property acquisition cost
n Luatercony.—I.-
unreriffy cumbered Construction or
�our.Fe acq uc on',or
owed Tor, uj'snion�costs -qqnstr ti
yougation 9
E_�lted rdi.' I I Mg, khO,., ',.'wIth(nmod6fi-RDAi,;,,.
the
ype OT DUSI fU d
F with F Enforceable, y ar..mod
for_ Current-
,__M
fle:l �16 d
u
-ORN N
g 's g u
. ....Contractual rac ua "0 housing iri "e Fund,0
e property monfesiz_
e !�E� gallon ...... �icuv-_AnNTI`69
6nforceably�obl
-'a mew 'ther "funds A pro
covenant?
ad1housiO Po
Item n7s, executed cou terp.t A
1108 affordable senior 24-Feb-09 I I City of Grand I I 3,000,000 I I yes I ILow-Mod funds I City $9,588,381 I I none I I $9,644,000 I complete 27 Oct M
2 lunits I I I I Terrace I I
3 I II II II II II II II II II II
4 I II Il II II II II II II II II
5 I II II II II II II II II II II
6 I II II II II II II II II II II
7 I II II II II II II II II II II
8 I II II II II II II II II II II
9 I II II II II II II II II II II
10
111 I II II II II II II II II II I I
12
13
14
15
16
17
19
20
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)
he t hn r 7 t
,;,-t me.P.
a�q
'tu_-nt.the
specit ng the
h
_y,
-in
purposes tqnwhfflchs
a
ntr
c requ ire
specify!
up.ses to
f.
used?
.may
Purpose fdrl,
Person or entity"to which the funds
Pth.funds-may be I..re anted
d
?
t6 us.
grante1W used?
wd.thel,
PQ 1�1'114N N
NO
ND.te the loan or 1�16iii6t5fidi64
I 'a",lo�i,%!ran-d-e
Ougin§
pu," Nor;a�, me
Pq . " grand was
Z ke"rnwr rn
,loamor aigraniT rn
1 Iloan 1 1 $69,000 1 1 25-Nov-021 (Amanda Raymer I 11 st Time Homebuyed yes 11 1 upon sale or refinance 1 01 1 $69,000
2 (loan 1 1 $44,0001 1 8-Jul-031 (Michelle Boustedt I I FTHB I I yes I 1upon sale or refi I 1 01 1 $44,000
3 Iloan 1 1 $39,000 1 1 3-Dec-091 I Diane Kimble, I I FTHB I I yes I jupon sale or refi 11 01 1 $39,000
4 Iloan 11 $62,000 1 1 31-May-031 jAlisa Flann I I FTHB I I yes I 1upon sale or refi 11 01 1 $62,000
5 Iloan 1 1 $29,000 1 1 13-Sep-021 I David&Janice Farrar I I FTHB I I yes I 1upon sale or refi I 1 01 1 $29,000
6 Iloan 1 1 $33,000 1 1 19-Mar-01 I [Julia Cook I I FTHB/rehab I I yes I 1upon sale or refi 11 01 1 $33,000
1 7 1 loan 1 1 $28,000 1 1 23-Mar-00 I [Dana Gardner I I FTHB I I yes I 1upon sale or refi 11 01 1 $28,000
1 8 Iloan I 1 $190,000 1 1 27-Oct-041 (Philip&Amy Biorkman I I FTHB I I yes I I upon sale or refi 11 01 1 $190,000
1 9 Iloan 1 1 $20,000 1 1 2-Dec-981 (Michael Morgan I I FTHB I I yes I I upon sale or refi 11 01 1 $20,000
1 10 Iloan 1 1 $35,915 1 1 18-Jul-941 I Daniel&Olivia Ybarra I I Rehabilitation I I yes I I upon sale or refi 1 1 3%1 1 $20,903
1 11 Iloan 11 $155,000 1 1 23-Jun-051 (Charles Heilman I I FTHB I I yes I I upon sale or refi I 1 01 1 $155,000
Iloan 1 1 $168,205 1 1 19941 (City of Grand Terrace incorrect
1 12 1 1 passthrough I I no I I I-Jul-131 1 01 1 $20,897
1 13 Iloan 1 1 $448,636 1 1 20121 ISuccessor Agency of I I SERAF I I by Statute I 1by 2015 1 1 Norel 1 $448,636
1 14 1 I I I I 1 IRDA I I
1 15 1 I I I I 1 1 11
16
17
18
19
20
'
Exhibit s'Rents/Operations
City m Grand Terrace
Inventory m Assets Received Pursuant m Health and Safety Code section mnmW(2)
In
14 EM
111h e MF66
—ents-are nol"Ing ft�WQ�usiffig'
h t-6 ;yla!
P=n e r V 4a
��Jdb remitte r
None
u | | | | | | | | | | | | | | | | |
» | | | | | | | | | | | | | | | | |
* | | | | | | | | | | | | | | | | |
»
| « | | | | | | | | | | | | | | | | |
| / | | | | | | | | | | | | | | | | |
| « | | | | | | | | | | | | | | | | |
| » | | | | | | | | | | | | | | | | |
| m | | | | | | | | | | | | | | | | |
| 11 | | | | | | | | | | | | | | | | |
| 12
| m | | | | | | | | | | | | | | | | |
| w | | | | | | | | | | | | | | | | |
| 15 | | | | | | | | | | | | | | | | |
| m | | | | | | | | | | | | | | | | |
| n | | | | | | | | | | | | | | | | |
| m | | | | | | | | | | | | | | | | |
| m | | | | | | | | | | | | | | | | |
| oopayments from developers,conditional grant repayments,costs savings and
al May include revenues from rents,operation of properties,residual receipt
proceeds from
subject to
refinancing,� � ' ''
m May include low-mod housing,mixed-income housing,low-mod housing with
commercial space,mixed-income housing with commercial space.
c/ Law,tax credits,state bond indentures,
1 i j i
Exhibit F-Rents
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
at -
�
HINig"
k '. PTypetof3Property the collected Purpose for• encumb
'ere
d,by A Item#from
:a ^, dls - .t - 'fir--, s ,� +'.
r.. x witch niich he 1 Entiiy that payments are �,wh the k a low mhd` Source off loner Exliib A the rent
a ments`are g Pro ert a.S' collectsythe ultimate) payments:are r housm�, mod housm is;assomated with
Item#,ro Type'of;pay"ment a/, associated'b N ownery payments ,,,rremilted ;;,'z,' used ; ;:;.:coven n? ``coyenant�cg P T` '
fkt r
(Ifapphcable)
1 1 None
2 1 II I I II II II I I I I I .I I
3
4
5
s l I I I I I I I I I I I I I I I I I
7 1 II I I I .I II II I I I I II I
a l I I I I I I I I I I I I I I I I I
9 1 I I I I I I I I I I I I I I I I I
10 I I I I I I I I I I I I I I I I I
11 I I I I I I I I I I I I I I I I I
12 I I I I I I I I I I I I I I I I I
13 I I I I I I I I I I I I I I I I I
14 I I I I I I I I I I I I I I I I I
15
is I I I I I I I I I I I I I I I I I
17
18 I I I I I I I I I I I I I I I I I
19 I I I I I I I I I I I I I I I I I
20 I I I I I I I I I I I I I I I I I
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.
Exhibit G-Deferrals
City of Grand Terrace
Inventory of Assets Received Pursuant to Health and Safety Code section 34176(a)(2)
Yy v" y -
''l
M1,1 late upon which.urpose for.:which which funds Amount Current funds were to beItt m'# °funds were,deferred „ weredeferred$ ' eferr'edM1 ,:tb repaid aamount owed; repaid,,
1 I. None II II II II II
z I II II I .I I .I II
3 I II II II II II
I a I II II II II II
15 I II II II II II
I s I II II II II II
17 I II II II II II
I s I II II II II II 1
I s I II II II II II I
110 I II II II II II
111 I II II II II II
112 I II II fl II II 1
13 I II II II II II I
14 I II II II II II
15 I II II II II II
16 I II II II II II
17 I II II II II II
1s I II II II II II
19 I II II II II II
20 I I I I I I I I I I I