HomeMy WebLinkAbout1985/12/18 - Agenda Packet - RDACary of
RANCIio CUCAMONGA
P.EDEYELOP�MENi' AGENCY
AGENDA
Lions Dark Comolgr Center
9161 Rasa Line Road
Rancho Cucamonga, California
paeeaber 19115 - 7,t0h n•.•
(Coabiodd meaticg with City Council)
• 1: GILL vo �g�
A. Roll Call; Vcfaht _, 0uquat —, Mikels _.
Pahl _, and Ring _.
5. Approval of Minutes; October 16, 196S
November 6, 1953
November 21, 1955
S
• ; CosRir CAr.ssea:
Tba felloaiq Comaaat Calendar items are ea;recteA to be
routlae amd som- ceatrwareial, ?bey will be acted ape by
the RNA at Me tism cfthwt di$CSCSL e.
A. Approval to receive and fil3 tvrrest Investment 1
Schedule as of pecesber 11, 1903.
N�1 N. Approval to courser lank of Amnriea credit card service
to $aa Bernard :co County Central Credit Union card
C service.
RN00LUTI00 10. R► 13 -16 3
' A RESOLUTION Cr THE RIDRrIIOPKINT AORNCT or
T31 CIrf Or WOW CUCAMONGA. CALIFORNIA,
3 AFFRO/UG ArrLICATION 701t NAM BERNARDINO
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COMM csTkAL C'dmlt ORION CAD NRarzcR
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a tit,- 4 ..k 3 :a, :.�.. ' �,• - - _ .• a
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fled velopoent Agency Meeting -2-
� PDaLIC QARING9
A. nr en AL O�gPat PROPCR'rY Tr C!rwNECTION NI7R. _T$6
rR ratt MEMi UL z1T191 O4 111 VI"LlloE SHOPV�Ei'i
CMUK PaQTPCT - An part of the Commetcial Developtvnt
Hots Program and the Installment gale Plmanc'og
Agreement, a hearing meat be bead Pursuant to
oeathe
Health and Safety Code for property generally
at the northeast corner of Ramona Avenue and Foothill
Boulevard.
RESOLOTI00 110. RA 85 -19
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF RMCH0 COCAMONGA APPROVING THE
DISPOSAL OF PROPERTY PURSUANT TO THE
INSTALLMENT SALE FINANCING OF THE SAECHO
CUCAMONGA VILLAGE SHOPPING CENTER FROLTECT
B. CL`JEID[?a2I� - OGrSPIneYeO a1 .968.000 _IN PRjV
AC7IVTYf BOPS- �QSJTION TO *°e n ®g4 p.0 M.dT AC•EHCY
An APPROPIR.1 tet IS ^° G rr.wrnrlAr DE4ELQPMFat
� Ey T� tEDEVELQF`^N" ' ^IDICY 40Y TBR BOIEP2T GP SEE
RANCHO COf_ /�m� TL�L �Y °- 4QPPICO C�7TB4 PROJ[Ct - A
transfer of Private Activity Bond Allocation, wbich was
® received by the City from other local aganciae to the
RtdeveloPasot Agency and a TEFRA hearing in corformance
with the requirements of the Internal Revenue Code.
RUCILUT1ON SC. 83 -333
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A RESOLUTION OF THE CITY COUNCIL OP THE CITY
OF RANCHO CUCAMONGA, CALIFORNIA, ACCEPYIOG
THE TRGSSFER OF 1985 PRIYGTE ACTIVITY BOND
LIMIT, TRAES /ERRING THE SAME TO THE
RRDEVELOPMIMT AGIXCY 01 SHE CITY OF RANCHO
CUCAMONGA AND APPRIMM THE ICSOARCE r A
SOTS BY THE RmEVXLOPMENT AGEFCY OF THE ITT
OF RANCHO COCAMONGA FOR THE RULED CUCAMONGA
vILLAGR spFPMG CENTER PROJECT
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December 18, 1985
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Redavalopeent Agency Meeting -3- Deceeber 18, 1985 „
i� RESOLUTION NO. RA 85 -20 20 .
A RESOLUTIO] OF THE REDEVELOPMENT AGENCY OF '
THE CITY OF RANCHO CUCAMONCA, CALIPORHIA, -
APPROVING 9000MENTS, APPOINTING A SERVICING
AGENT AND AUTHORIZING THE SALE Of ITS NOTE
AND RARING CERTAIN PINDINCS IN CONNECTION
MIIH TEE ISSUANCE 07 SAID NOTE tCANCRI
CUCASONGA VILLAGE SHOPPING CENTER PROJECT)
B. AVAPDIRO OP THE BADE OF T92 COMMrRCIALREVELOPMAT ROTE 23
e0R UL—YCRO COCANOMGA 7 II,LA3E H�PPTNG CC6TER
PROJlCT.
RESOLUTION NO. HA 85 -21 24
A RESOLUTION Or THE REDEVELOPMENT AGENCY OF
THE CITY OP RANCHO COCAMONGA, CAI.IPORNIA.
AWARDING THE SAL$ Of ITS 1985 COMMERCIAL
DEVELOPMENT NOTE (RANCHO COCAY.ONCA VILLAGE
SHOPPING CENTER PROJECT)
C. REVIEV AND 11I9CEISSION Or I OUT_VH09 MAC DEVELOPMED? 25
FOR AGENCY L9I9TANCL THOM �OS�'G BET (BIDE PUlD P0R
MEN DEVELOPMENT OF A SENIOR CITIZEN'S SOUSING PPOEECT.
D. RRCOME NDATIOR OF AGENCY BUECOMITTEE TO 9ELECY A PIRA 32
TO PVEPARR NAlrEMtRO aD PU! T lTN ATTON MATERYALS.
5. NM2=Uw
A. City Council to adjourn to regular seating at 7170 p.m.
tbla date.
E. Redevelopment Agency to adjourn.
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RANCHO CUCAMONOA
Redevelopment Agency
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clmlal.nupxtn J." KIM
Rkkudpt,Dsy Psm.W.Wriest
DATE: December 11, 1985
T0. RDA Board and IDucutiva Director
FROM: pobert Ritzo, Assistant City Manager
and File —
Redevelopment Agency Investment
SUBJECT, Schedule States poporicaa 01cD•�cemb°Re11,eloe
RANCHO
CUCAMONGA RM MEOPMENT AGENCY
ENESDD27T 6CF®OLE STATUS REPORT
PURCHASE
MATURITY
INTEREST
1NSTITUTION
DATE
DATE
AMOUIm
RATE
California Federal Savings
07 /OL /8S
12/30/85
200,000.00
0.01900
California Fodoral Savings
07/02/85
12/30/85
200,000.00
0.07900
Groat Western 6avingo
07/11/85
01/07/86
100,000.00
0.07800
Great Western Savings
09/03/05
03/03/86
500,000.00
0 08200
California Federal Savings
09/03/05
03/03/86
100,000.00
0.08050
California Federal Savings
09/03/85
03/03/85
200,000.00
0.08050
Great Western Savings
06/20/05
12/17/85
11000,000.00
0.07600
Great Western Sav�ngs
lc/11/85
03/10/86
500,000.00
0 08200
Croat Western Savings
10/11/85
03/10/05
100,027.15
0.08200
Great Western savings
10/31/05
02/28/86
1,000.000.00
0.07950
YooLh111 In dependent Bank
10/31/85
02/28/86
2,000,000.00
0.07375
California Federal Savings
10/31/85
02/28/86
500,000.00
0.07950
California Federal Savings
11/00/85
05/05/86
200,000.00
0.00200
Great Western Savings
11/12/85
05/12/86
500,000.00
0.00100
Great Western Savings
11/06/85
03/06/86
1,188,291.25
0 08050
As of 12/11/85
Grand Total
8,388,318.40
All inWStments are Certificates of Deposit
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CITY OF RANCHO CUCAMOC
REDEVELOPMENT AGENC!
STAFF REPORT
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Date, November 20, 1585
To, Chairman and Agency Members
From, Robert A. Rizzo, Assistant City Managur
By, Elizabeth Stoddard Assistant Finance Director
Subjects San Bernardino County Central Credit Union Card So -vice
The City of Rancho Cucamonga currently uses the Bank of Ameriva to pro -
vidr card service Bark of Anarica charges S18 00 for annual membership
dues with a 19 8e interest rate Within the recent past the San Pernar-
dino Connty Central Credit Union has mado available to municlpalitics
card so-vice for which there is no annual membership duos and interest
rates are at 18 0%
it is recommended that the City of Rancho Cucamonga abandon :ard
service from Bank of Amomica and proceed with card service offered
by San Bernardino County Central Credit Union for the following
individuals and credit limits,
Lauren Wasserman, Executive Director ;2,500 00
Jack Lam, Comunity Developmant Director 2,500 00
Rancho Cucamonga Redtiolopment Agency 2.500.00
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RESOLUTION NO P—A
A RESOLUTION OF THE REDEvELOPHEUr AGENCY OF THE CITY OF -
RANCHO CUCAHOAGA, CALIFORN,A, APPROVING APPLICATION FOR
SAN BER:iARDINO rOUNTY CENTRAL CREDIT UNION CARD SiRVICE
WHEREAS, the Rancho Cucamonga Redevelopment Agency desires
bark cards from San Bernardino County Central Credit Union thereinafter
called -Credit Union") for use by certain of the City's officers and
emp:oyees, and
WHEREAS, Credit Union will not issue said bank cards unless
the City of Rancho Cucamonga agrees to assume full responsibility for
use of such cards, or any of them, and to pay Credit Union for all
indebtedness incurred through the use of such cards, whether such
use or indebtedness was authorized by the City of Rancho Cucamonga.
?� NON, THEREFORE BE IT RESOLVED THAT Lauren Wasserman, Exac-
utivo Director and Jack Lam, Community Development Director ar6
hereby authorized, directed aniempowered, in the name of the Uty
of Rancho Cucamonga, to apply to Credit Union for the issuance of a
visa bark card, and to +xecute such applications and agreements as
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Credit union may requi.j in order to accomplish the foregoing
BE IT FURTHER RESOLVED, that Credit Union is authorized to
act upon tnis Resolution until written notice of its revotetion is
delivered to Credit Union, and that the authority hereby granted
shall apply with equal force and affect to the suc-,zsors in office
of the officers named herin
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CITY OF RANCHO C
REDEVELOPMENT
STAFF REPORT
DATE: December I8, 1985
TO: Chairman and Members of the Redevelopment Agency
FROM: Jack Lam, AICP, Deputy Executive Director
BY: Linda D. Daniels, Senior Redevelopment Analyst
SUBJECT: DISPOSAL OF PROPERTY IN CONNECTION WITH THE INSTALLMENT
SALE FINANCING OF THE RANCHO CUCAMONGA VILLAGE SHOPPING
CENTER PROJECT (CP 84 -03)
BACKGROUND: On April 17, 1985, the Redevelopment Agency approved o, Inducement
eso uR- —t of o a proposed financing program for Kanter and Foothill Property (CP 84-
03). On November 20, 1985 the Agency Initiated the proposed financing program b
setting a public hearing date of December 18, 1985 as the time and place for r viewing
the final documents and bids and awarding the sale of a $3,100,000 Commercial
Development Revenue Note, The proposed financing, the sole of a Comma ciat
Development Revenue Note, Is similar to a Certificate of Participation exceppt that only
a single note •all be sold by the Agency to one buyer. In a Note form of ffnoncing, as
with a C..,tif ,ate Issue, the Agency does purchase the project and the site end then
immedlatel/ re -sells It to the Developer. The proceeds of the Note, which Is sold by the
.,gcncy on behalf of the Developer, provide the necessary financing for these
transactions to occur.
EVALUATION: According to Section 33431 of the California Health and Safety Code it Is
necessary tor the Agency to hold a public hearing when considering the sale of land for
purposes of redevelopment. In the proposed Commercial Development Revenue Note
financing program the Ag:.ncy will be acquiring land and immediately selling that land to
the Developer for redevelopment purposes Although these transactions will occur
almost simultaneously, it Is necessary under the Code for the Agency to hold a public
hearing when considering the disposal of property.
Bond Counsel has prepared, and staff has reviewed, oil documents pertaining to the
acquisition and sale of the property by the Agency to the Developer. These documents
have been found to be In order. Also attached to this staff report Is a memorandum from
Best, Best 6 Krieger which provides supplemental Information regarding the proposed
Commercial Development Revenue Note financing program
1
osol of Property IRm+cho Cucamonga Village ShoPPln9 Center ProJcet
REDEVELOPh1ENT AGENCY STAFF REPORT
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December IBr 1905 ,
Page 2
conduct a public hearing and Own
o Village --.-' ing Centle '
RECOMMENDATION: Agency
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spmo o property eztloR�olullon.R�cho Cucamonga
Project by adopting the attorhed
JOCK I-"'
JePutY Executive Direclor
Attochmen"3 Resolution
Memorandum from Best, Best 3 Krieger
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BEST BEST 6 KRIEGER
MEMORANDUM
December 9, 1985
TO: CHAIRMAN, REDEVELOPMENT AGENCY MEMBERS
AND EXECUTIVE DIRECTOR
FROM: SPECIAL COUNSEL
RE: INSTALLMENT SALE FINANCING OF RANCHO
CUCAMONGA SHOPPING CENTER PROJECT
The Agency has heretofore evidenced its intention
to finance the above - referenced Project (the "Project ") by
means of an installment sale financing arrangement whereby
the Agency will acquire the Project from Kanter and Foothill
Properties, a California limited partnership (the
"Developer ") and immediately reconvey the Project to the
Developer through an Installment Sale Agreement.
Under the Installment Sale Agreement, the Agency
will make installment payments to the Developer for the
Project and the Developer will make matching installment
payments to the Agency. This paymsnt obligation will be
further secured by a deed of trust on the Project. Moneys
for the acquisition and construction of the Project will be
derived from the sale of a note (the "Note ") under a
servicing agreement (the "Servicing Agreement ") between the
Agency, The Mitsubishi Bank of California, as trustee, and
the Developer.
LAW orrIC[! or
BEST BEST 6 KRIEGER
Under the financing arrangement, the obligation of _
the Agency to make payments on the Note is limited to
amounts received from the Developer under the Installment
Sale Agreement. Additionally, obligations for construction
and operation of the Project will rest solely with the
Developer.
In order to proceed with this financing, it is
necessary for the Agency at this time to hold a public
hearing and at the close of the hearing consider the
adoption of three resolutions. To satisfy Section 33631 of
the Health and Safety Code of the State of California the
public hearing must be held with respect to the proposed
sale of the Project to the Developer under the Installment
Sale Agreement. A short agenda for the hearing is
attached. The shorter resolution attached approves the sale
of the Project to the Developer pursuant to the Installment
Sale Agreement.
The second and longer resolution approves the basic
documents of this financing and authorizes the execution of
these eocuments by the appropriate Agency officers. In
addition, this resolution appoints a Servicing Agent under
the Servicing Agreement. Additionally, by this resolution,
the Agency allocates a portion of its 1985 allocation for
private activity bond issues to the Project.
The third resolution awards the sale of the Note to r
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the lowest responsible bidder of the bids received by the
Agency on the morning of December 18, 1985. ','°El
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BEST BEST 6 KRIEGER
We would recommend that the Agency approve the
attached Resolutions following the public hearing.
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JRROY06A''
GLEN E. STEPHENS
JOHN R. ROTTSCHMFER
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CHAIRMAN'S AGENDA
TOR PUBLIC HEARING
REDEVELOPMENT AGENCY OF THE CITY OF RANCHO CUCAMONGA
(RANCHO CUCAMONGA SHOPPING CENTER PROJECT)
December 18, 1985
1. Chairman opens public heariny.
2. Chairman calls upon Staff for a summary of the proposed
disposition of the project property in connection with
the financing of the project.
3 Summary of financing by Staff.
(a) Summary of project (location, size. developer,
etc.$
(b) Summary of proposed finan ^ing (Installment sale
financing including the issuance of a Vote of the
Agency in an amount not to exceed $3,100,000, to be
undertaken by the Agency pursuant to Community
Redevelopment Law).
(c) Sale of project to Developer pursuant to the terms
of an installment sale agreement.
d. Chairman calls for any comments or questions from the
public.
5. Agency proceeds Lr (deration of adopt'on of resolu-
tion approving disposition of project properly.
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JRR0206C
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RESOLUTION NO. R R ie:* I.A 95-19
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF RANCHO CUCAMONGA APPRCANG THE
DISPOSAL OF PROPERTY PURSUANT TO THE
INSTALLMENT SALE FINANCING OF THE RANCHO
CUCAMONGA VILLAGE SHOPPING CENTER PROJECT
WHEREAS, Kanter and Foothill Property, a California limited partnership
(the "Developer "), proposes to acquire and construct a commercial shopping center
Project (the 'Project") located at the northeast corner of Foothill Boulevard and Ramona
Avenue in the Rancho Redevelopment Project Area of the Agency (the "Project Area ");
and
WHEREAS, the Project Is consistent with the Redevelopment Plan for the
Project Area and is expected to create new jobs In the Project Area; and
WHEREAS, the expansion of employment opportunities for jobless, under-
employed and low- Income per.-ons and the reduction of blight are fundamental purposes
of redevelopment under the terms of Part I of Division 24 of the Health and Safety Code
of the State of Californic (the "Act "); and
WHEREAS, the Act authorizes the Agency to purchase property, both real
and personal, and any Interest therein for purposes of redevelopment in the Froject Area;
and
WHEREAS, the Developer proposes to sell the Project to the Agency
pursuant to an installment sale agreement, between the Developer and the Agency (the
"Installment Sale Agreement-), and the Agency desires to purchase the Property from the
Developer upon the terms and conditions set forth In the Installment Sole Agreement;
and
WHEREAS, the Act authorizes the Agency to sell or otherwise r'Ispose of
In t e Project Area without public b ddinsh but therein for puhlteshearl g, notice of
which is given by publlcotiou for not Ier: than once a week for two weeks In a newspaper
of general Irculatlon In the county In which the property Iles; and
WHEREAS, the Agency has caiducted a puhlic hearing on DecemIter 18, 1985
where It heard and considered information concerning the disposal of the Project In
connection with the rrancing of the Project; and
WHEREAS, notice of the aaove- mentioned public he -rig was published once
a week for two weeks in The Daily Report, a newspaper of general circulation in the City
of Rancho Cucamonga, the City in which the Project lies; and
WHEREAS, the Agency proposes to enter Into the ailment Sale
Agreement pursuant to which the Agency will sell the Project to the Developer;
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the
City of Rancho Cucamonga as follows:
A
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SECTION I. Recitals. The above recitals, and eorh of them, are
true oM correct.
SECTION 2. Findin as to Sale at Folr Market Value. The Agency
hereby finds W-2-Te—terrnines that the considerCillibo-t0li-p7ad by the Developer to the
Agency for tha purchase of the Project under the terms of the Inslallma:t Sole
Agreement Is not less than the fair market value of the Project In accordance with the
co+enants end conditions governing such purchase and sale.
SECTION 3. Sale of the Protect. The sole of the Agency of the
Project to t :e eve oiler pursuant -to--tfW Iment Sole Agreement, the form of which
has previously been presented, Is hereby approved
SECTION 4. Effective Date. This Resolutim shall take effect
Immediately upo— n- 7a optTon.
PASSED, APPROVED end ADOPTED this Idth day of December, 1985.
AYES:
HOES:
ABSEN I:
ATTEST:
auren ouerman, becretmy
Jon D. Mikels, Chairman
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CITY STAFF REPORT CUCAMONGA
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DATE: Deember 18, 1985 tv:y
TO: Mayor and Members of the City Council
FROM: Jack Lon, AICP, Community Development Director
Sys Linda D. Daniels, Senior Redevelopment Analyst
SUBJECT: ALLOCATIION TO $TFE. BREDEVELOPMENT AIGENCY OF THE CITY OF
RANCHO CUCAMONGA AND APPROVING THE ISSUANCE OF A
REDEVELOPMENT COMMERCIAL AG NCY SCP 84- 03R�NUE NOTE BY THE
EVALUATION: Although the Redevelopment Agency is the Issuing agent for the
prepo3 ON Commercial Development Revenue Note, it Is necessary for the City
Council to participate in the program it two ways. The first Is for the City Council to so
transfer $1,968,000 In Private tadloeat3oto s1e11otM proposed Note.�Thistallocatlion,
that the Agency oad This 7,000) end
which the City is tranferring, was recessed from the Cities of Mayw
State, which) was o These ed on November Novemlber 26,, combined
the transfer
directly to received from the Agency, to
provide the necessary amount for the Iss:oce of the Note. so
that the public has the oppo� tun) participation
to comtmoentnonl the proposed financing. This hearing
hearing is requIred by the Tax Equity aid Fiscal Responsibility Act of 1982 and is more
com•aonly referred tom a "TEFRA" hearing. A brief memorandum from Best, Best b,
Krieger is attached to this staff report which further Identifies and oxplains the ourpose
of the TEFRA hearing.
RECOMMENDATION: Agency conduct a public hearing and then move to od authorize
trans er o private activity bond allocatiot5 to the Redevelopment Agenry
the Agency to sell a Commercial Development Revenue Note by adopting the attached
Resolution.
of Community
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Attachments: Resolutio
Memorodum from Best, Best & Krieger
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BEST BEST 6 KRIEGER
December 9, 1985
MEMORANDUM -
TO: MAYOR, CITY COUNCIL AND CITY MANAGER
FROM: SPECIAL COUNSEL
RE: PUBLIC HEARING ON RANCRO CUCAMONGA
SHOPPING CENTER
The Redevelopment Agency f the City of Rancho Cucamonga
has previously evidenced its intention to assist in
financing the acquisition and construction of a commercial
shopping center project (the "Project ") proposed to be
constructed in the City by Ranter and Foothill Properties, a
California limited partnership (the "Developer"). The
financing is being undertaken by the Agency pursuant to the
provisions of the Community Redevelopment Law (Part, 1 of
Division 26 of the California Health and Safety Code). It
will involve an installment sale financing arrangement,
including the issuance of a note, whereby the Agency will
acquire the Project from the Developer, and immediately
convey the Project to the Developer, through an Installment
sale Ag:eement.
In order to satisfy the federal tax requiremelts estab-
lished by the Tax Equity and Fiscal Responsibility Act of
1982 with respect to the tax - exempt status of the certif-
icates to be issued in this financing, it is necessary that
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j BEST.SEST 6 KRIEGER
the City Council, acting as the applicable elected govern-
. mental body, conduct a public hearing (the "TEFRA Hearing ")
on the Project and its proposed financing. At this hearing,
comments of interested citizens with respect to the Prcject
and its financing should be taken. A short agenda for this
hearing is attached. At the conclusion of the hearing, the
City Council vould then consider adoption of the attached
Resolution indicating its approval of the Project and its
financing. The action to be taken by the City Council at
the conclusion of the TEFRA hearing does not obligate the
Agency to proceed with the installment sale financing of the
Project if the Agency should choose no, to do so at some
future time.
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JRR0206B /
Glen E. Stephens
John R. Rottschae£er
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JRR0206C
MAYOR'S AGENDA
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FOR PUBLIC HEARING
CITY OF RANCHO CUCAMONGA, CALIFORNIA
(RANCHO CUCAMONGA SHOPPING CENTER PROJECT)
December 18, 1985
} 1.
Mayor opens public hearing.
3
2.
Mayor calls upon Staff for a summary of the project and
its proposed financing.
3.
Summary of financing by Staff.
(a) Summary of project (location, size, developer,
"
etc.)
(b) Summary of proposed financing (Installment sale
a
financing, including the issuance of a note in an
amount not to exceed $3,100,000, to be undertaken
by the Agency pursuant to Community Redevelopment
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Law).
P
3.
Mayor calls for any comments or questions from the
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public.
S.
Clty Council proceeds to consideration of adoption of
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resolution approving financing.
JRR0206C
RESOLUTION 140.96J3 -1&63 7-5' 333
A RESOLUTION OF THE. CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA ACCEPTING THE TRANSFER OF
1985 PRIVATE ACTIVITY BOND LIMIT, TRANSFERRING THE
SAME I'D THE REDEVELOPMENT AGENCY OF THE CITY OF
RANCHO CUCAMONGA AND APPROVING THE ISSUANCE
OF A NOTE BY THE REDEVELOPMENT AGENCY OF THE
CITY OF RANCHO CUCAMONGA FOR THE RANCHO
CUCAMONGA VILLAGE SHOPPING CENTER PROJECT
WHEREAS, Kanter and Foothill Property, a California limited partnership
(the "Developer "), seeks Inc Issuance of tax - exempt obligations (the "Obligations ") by the
Red"velopment Agency of the City of Rancho Cucamonga (the "Agency") In the principal
amount of $3,100,000 to finance the acquisition, construction and equipping of a
commercial shopping center project located at the northeast corner of Foothill Boulevard
and Ramona Avenue In the City of Rancho Cucamonga (the "City "), to be owned by the
Developer (the "Project "h and
WHEREAS, the City Council of the City of Artesia, California, has
transferred to the City a portion of Its 1985 Private Activity Bond Limit In the amount of
$751,000 pursuant to Resolution No. 917 of the City Council of the City of Artesia,
California, adopted on June 10, 1985; end
WHEREAS, the City Council of the City of Maywood has transferred to the
City a portion of its 1985 Private Activity BoM Limit In the amount of $1,217,000
pursuant to Resolution No. 3599 of the City Council of the City of Maywood, California,
adopted on June Ill 1985; and
WHEREAS, it Is not expected that the City will utilize the full amount of
such allocation for the issuance of Private Activity Bonds during 1985; and
WHEREAS, the Governor's P- rclamation of July 191 1984, permits the City to
transfer to the State of California or any other local agency all or any portion of Its
Private Activity Bond ollocatlan in any calendar year; and
WHEREAS, the City wishes to cooperate with the State and other local
governments which may need ullocation In 1985; and
WHEREAS, 11,e Agency has requested that an amount equal to $1,968,00- d
the calendar year 1985 Private Activ,ty Bond Limit of the City be transferred from the
City of Rancho Cucamonga for use by the Agency In furtherance of the intent and
purposes of the Proclamation; and
WHEREAS, the Agency has heretofore adopted Its Resolution No. RA 85 -06
(the "Inducement Resolution "), expressing its Intention to finance the Project with on
Issue of Its tax - exempt Note (the "Obligation "); and
WHEREAS, the Agency Is o thorized, pursuant to provisions of Part I of
Division 24 of the California Health and Safety Code (the "Act') to Issue the Obligation
to finance the Project; and
WHEREAS, pursuant to the requirements of Section 1O3(k) of the Internet
Revenue Code of 1954, as amended, this City Council has conducted a public hearing
regarding the Issuance of the Obligation by the Agency for the Project, notice of wh%h
was published In The Dally Report at least 14 days prior thereto,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Rancho Cucomxpo as follows:
SECTION It Aooroval of Project and Financing. The Project and its
financing by henry Is hereby epproved. Such approval Includes approval of an
Installment sale financing, including the Issuance of a Note by the Agency in an amount
not to exceed $30100,000, pursuant to and subject to the requirements of •ne Act for the
purpose of financing the Project. This approval Is Intended ro satisfy he requirements of
Section 1O3(k) of the Code.
SECTION 2. Am trace of Allocatlons: The City hereby occepts
and approves tFW transfers from the t es or rtes o, California and Maywood,
California, of their 1985 Private Activity Bond Limit in the aggregate amount of
$1,968,000.
SECTION 3_ Transfer of Allocation. The City hereby transfers to
the Agency ,3 90O' of Its 1985 Privcte Activity 9o4d Limit to the Agency for the
financing of the Project.
SECTION 4. Other Acts. The City Clerk Is hereby directed
Immediately to transm t a cer7t fide -copy of this resolution to the Cdlfania Debt
Allocation Committee.
SECTION S. Effective Date. This resolution shelf Joke effect
immediately upon is option.
PASSED, APPROVED, end UOPTED this 18th day of December, 1985.
AYESi
NOES:
ABSENT:
ATTEST:
Beverly A. uthe et, ty erk
Ton iS. a s, Mayor
7
_2J
I
CITY OF RANCHO CLICAMONi
REDWELOPMENT AGENCY
STAFF REPORT
DATE, December 18, 1985
TO: Chairman and Members of the Redevelopment Agency
FROM: Jack Lam, AICP, Deputy Executive Director
BYi Linda D. Dmlels, Senlor Redevelopment Analyst
SUBJECT: APPROVAL OF BOND DOCUMENTS, DESIGNATION OF SERVICING
AGENT AND AUTHORIZATION TO SELL A $3,100,000 COMMERCIAL
DEVELOPMEiVT NOTE FOR THE RANCHO CUCAMONGA VILLAGE
SHOPPING CENTER
BACKGROUND- On April 17, 1985 the Agency adopted an Inducement Resolution for a
proi,os� n� is ng program whereby the Agency would act as the conduit for a tax -
exempt bond sale on behari of Kanter and Foothill Property, On November 20, 1985, the
Agency adopted Resolution No. RA -85-16 which allowed for the Initiation for the
pro, aratlon of the final procedures and documents for the sale of the tax - exempt
fino tcir.•u
ANALYSIS: The proposed tax - exempt financing, to be sold by the Agmicy for the benefit
0 1 e mcho : •)camonga Village Shopping Center, will be in the form of a Commercial
Development Note. This form of financing is structured very similar to a Certificate of
Participation except that only one Note is Issued and the Note must be purchased,
through a bid process, by a private party and can never be resold. This type of structure,
commonly referred to v a private placement Issue, still allows for the Agency to sell a
tax - exempt financing Issue.
As with a Certificate Issue, the Agency Is under no obligation to Insure that principal and
Interest on the Note are paid. This Ilablllty rests solely between tle Developer and the
purchaser of the Note. Bemwe of the private placement structure, there Is no credit
mhoncement needed for the payment of the Note. The primary security for the Note Is
the rent/lease payments which me realized from the Project once it Is developed. The
Servicing Agent dees place a Tier: on the property to act as additional security for the
Note, but no other e-dxmcement (i.e., Letter of Credit, Trust) Is required The one Note
cannot be divided and resold to my other party.
Bond Counsel for the proposed financing program has prorided a memorand,sn which
further describes the general structure and process. This memorandum is included as
part of the staff report for the disposal of property by the Agency, In onneetlgrJ,vsith
this financing program, which Is also on this evening's ager✓.o. ,�CG��`"�'.`�` fQy
In
;e
' REDEVELOPMENT AGENCY STAFF REPORT -
Bond Documents/Servicing Agent/Rancho Cucamonga Villcge Shopping Center Project
December 18, 1985 y.
Page 2
The Bond Docurr tuts have been prepared by Bond Counsel and reviewed by staff and have
been found to be in order. These Documents are on file with the Redevelopment Agcy
of the City of Rancho Cucamonga Because of the nature of the firancing program there
are only two documents for this program, The first document Is the Installment Sale
Agreement. This Agreement, between the Agency, Kanter and Foothill Property and the
Mitsubishi Bork of California, primarily outlines the procedures and responsibilities fcr
the sale of the property and the term and povment provisions of the Note. The second
document, the Servicing Agreement, to between the Agency and the Mitsubishi Bank of
California. This Agreement primarily outlines the responsibilities regarding the issuance
and poymr t of the Note
RECOMMENDATIONt Agency approve the Bond Documents and appoint the Mitsubishi
Bank of a r orn a cs Servicing Agent for the proposed Commercla! Revenue dote
program.
Res pa fulllly3 tied,
7
Jock Lam, Al , CCU or
JL:LD:kap
attachments: Resolution
Wj
�r
5r..t
RESOLUTIOr,LNQ.R- 1z-I1M F-4 85 --'Ci
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF _
THE CITY OF RANCHO CUCAMONGA APPROVING
DOCUMENTS; APPOINTING A SERVICING AGENCY AND
AUTHORIZING THE SALE OF ITS NOTE AND MAKING
CERTAIN FINL,NGS IN CONNECTION WITH THE ISSUANCE
OF SAID NOTE (RANCHO CUCAMONGA VILLAGE
SHOPPING CENTER PROJECT)
WHEREAS, Kanter and Foothill Property, a California limited partnership
(the "Developer "), proposes to acquire and construct a commercial shopping center
project (the "Project") located at the northeast corner of Foothill Boulevard and Ramona
Avenue in the Rancho Redevelopment Project Area (the'Project Ared'); and
WHEREAS, the Project Is consistent with the Redevelopment Plan for the
Project Area and is expected to create new jobs in the Project Area; and
WHEREAS, the expansion of employment opportunities for jobless, under-
employed and low- income persons and the reduction of blight ore fundamental purposes
of redevelopment under the terms of Part I of Dhlston 24 of the Health and Safety Code
of the State of California (the "Act "); and
WHEREAS, the Act author;zes the Agency to purchase and sell or otherwise
dispose of property, both real and personal, and any Interest therein for purposes of
redevelopment; and
WHEREAS, the Agency has heretofore adopted its Resolution No. RA 85 -06
(the "Inducement Resolution ") declaring Its Intention to undertake on installment sale
financing arrangement to provide financing for the Project; and
WHEREAS, the City Counril of the City of Rancho Cucamonga (the "City
Council ") has duly caused to be published a notice of a public hearing regarding the
proposed Installment sale financing for the Project In accordance with the requirements
of Section 103(k) of the Internal Revenue Code of 1954, as amended, which notice set 7:00
p.m. on December 18, 1985 and the Council Chambers as the time and place for said
hearing; and
WHEREAS, the members of the City Council are the applicable elected
representatives to conduct a public hearing regarding the installment sale financing
arrangement proposed to be undertaken by the Agency for the Project; and
WHEREAS, the City council on this date has conducted a public hearing
regarding the proposed Installment sale financing by the Agency for the Project and has
determined it to be In the public Interest for the Agency to cause to be Issued a note of
the Agency the proceeds of which will be used to make payments under an Installment
sale financing arrangement between the Developer and the Agency, all In furtherance of
the purposes of the Act; and
WHEREAS, the City Councils of Artesia and Maywood have transferred a
portion of their 1985 Private Activity Bond Limit to the aggregate amount of $1,968,000,
to the City of Rancho Cucamonga (the "City") pursuant to Resolution No. 917, adopted by
the City Council of the City of Artesia on June 10, 190, and Resolution No. 3599 adopted
i m
by the City Council of the City of Maywood on June 11, 1985, whim City has transferred
to the Agency, and the California Debt Limit Allocation Committee, by Resolution N& t
85 -107, adopted on November 26, 1985, transferred to the Agency $1,500,000 of the State
of Califcrnia's share of the State Ceiling for Private Activity Bonds; and
WHEREAS, all acts, conditions and things requited by the Act, and by all
other laws of the State of California, to exist, to have happened and to have been
performed precedent to and in connection with such Installment sale financing
arrangement, including the Issuance of the aforesaid note exist, hove happened, and have
been performed In regular and due time, form and manner as required by law, and the
Agency Is now duly authorized and empowered, pursuant to each and every requirement
of law, to enter Into such installment sale financing arrangement and to cuuse to be
Issued such note for the perpose, in the manner and upon the terms herein provided; and,
WHEREAS, sold note Is to be issued pursuant to a Servicing Agreement (the
"Servicing Agreement ") in the form presented to this meeting by and between the Agency
and the Mitsubishi Bank of California Servicing Agency (the "Trustee ") In an aggregate
principal amount not to exceed $3,.29,000 and is to be designated as the "Redevelopment
Agency of the City of Poncho Cucamonga 1985 Commercial Development Revenue Notes
(Rancho Cucamonga Village Shopping Center Project) (the "Notes"}
NOW THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the
City of Rancho Cucamango as follows
SECTION 1. Recitols. The above recitals, and each of them, are
true and correct.
SECTION 2. A Bement. The proposed form of the Installment Sole
Agreement between the Agenry, the ery cing Agent (es hereinafter defined), and the
Developer (the "Installment Sale Agreement ") presented at this meeting, whereby the
Developer sells the Project to the Agency and the Agency 3e71s the Project to the
Developer, is hereby approved and the Chairperson or the Vice- Cfalrperson (collectively,
the "Chairperson ") and the Secretary (the "Secretary") of the Agency are hereby
authorized and directed, for and In the name of the Agency, to execute the Installment
Sale Agreement, the Agency Grant Deed and accept the Developer Grant Deed In
substantially the forms hereby approved, wtth'such ran- substuntive changes therein as
the officer or officers executing the same may approve, such approval to be s therein as
evidenced by the execution and delivery thereof.
SECTION 3. A ointment of Servlcin Aaeney. The Mitsubishi Bank
of Colifarnla, a labia, California s areby appo nted at Servicing Agent under the
Servicing Agreement (the "Servicing Agent") for the Agency and the owner of the Note,
with the duties and powers of such Servicing Agent os O'e set forth In the Servicing
Agreement.
SECTION 4. Servicin A,greeeeme�nt. The proposed form of the
Servicing Agreement presented at th s meeting by and between the Agency aril the
Servicing Agent Is hereby approved and the Chairperson and the Secretary are hereby
authorized and directed, for and In the name and on behalf of the Agency, to execute,
acknowledge and deliver to the Servicing Agent the Servicing Agreement in substantially
the form hereby approved, with such ran- substonllve additions or changes as the officers
executing the some may approve and which may be consistent with Section 6 hereof, such
opptavol to be conclusively evidenced by the execution and delivery thereof.
-2- C;L/
SECTION S. Form -of Note. The form of rote as set forth In the
Servicing Agreement as presented to th s meet ng Is hereby approved and the Chairmen:
and the Secretary are hereby authorized and directed to execute and deliver the Note fn
either temporary and /or definitive form In the aggregate principal amount set forth in
the Servicing Agreement and all In accordaice with the terms and provisions of the -
Servicing Agreement.
SECTION 6. Sole and Delive of Note. The sale ad delivery of the
Note, pursuant to the terms set at n the col of ce of Salo (the "Official Notice
of Sole ") and the Bid Form submitted by the bidder determined to be the lowest
responsible bidder is hereby approved.
SECTION 7. Ac�ce$tance of Allocations. The Agency hereby accepts
and approves t trans ers from the City and at the 51cle of Crlitornia of their 1985
Private Activity Bond Limits, in the aggregate amount of $31468,000 and the Agency
hereby allocates $3,100,000 thereof to the financing of the Project.
SECTION 8, Requisitions. The Chairperson or his designate Is hereby
authorized and—dMec—t—a to execute we or more requisitions authorizing the Servicing
Agent to pay the cost of Issuing the Note from the proceeds of the Note pursuant to the
Servicing Agreement,
SECTION 9. Other Acts. The officers of the Agency are hereby
authorized d rected, jointly and seventy, to do any and all things, to execute and
deliver any and all documents which in consultation with the Staff and Special Counsel,
they may deem necessary or advisable In order to consummate the issuance, sale and
delivery of the Note, or otherwise to effectuate the purposes of this Resolutlon,and any
such octions previously taken by such officers are hereby ratified and confirmed.
SECTION 10. Effective Date. This Resolution shall take effort
Immediately upon a o_pijon
PASSED, APPROVED and ADOPTED this 18th day of December, 1985.
AYES:
NOES:
ABSENT:
ATTEST:
Lauren M. Wasserman, Secretary
Jon D. hilkels, -man
-3- ��
J.
CITY OF RANCHO CUCAMOP
REDE%TLOPMENT AGENC'
STAFF REPORT
DATE: December 18, 1985
TO: Chairman and Members of the Redevelopment Agency
FROM: Jack Lam, AICP, Deputy Executive Director
BY: Linda D. Donlels, Senior Redevelopment Analyst
SUBJECT: AWARD OF SALE OF THE COMMERCIAL DEVELOPMENT NOTE FOR
ThE RANCHO CUCAMONGA VILLAGE SHOPPING CENTER PROJECT
BACKGROUND: 0,. November 20, 1985, tho Agency approved Resolution No, RA 85-16
WhIC established December I8, 1985 as the date for acceptance of bids In connection
with the issuance of a $3,100,000 Commercial Development Note. As required by the
Rao' ion, public notices establishing the minimum bid and the form of the bid were
publl. .d in both The Daily Report and The Bond Buyer. The deadline for the acceptance
of the sealed bits was set at 11:00 mm on December 18, 1935.
Inasmuch as the bids are required to bs sealed and cannot be opened until after 11:00 am
an December 16, 1985, staff is unob!e, at the time of this report preparation, to Indicate
which firm submitted the best bid. At this evening's meeting both staff and bond counsel
will be able to present the bid that will be recommended for acceptance. It will be
necessary for the Agency to Insert the name of the selected bidder on page I of the
Resolution, where rated, at the meeting. By accepting :ne bid aryl awarding the sale of
the $3,100,000 Note the Agency will be concluding the final action in connection with the
Commercial Development Note financing program.
ION: Upon presentation of the bid by both staff and bond counsel the
accept the bid, ,nsert the name of the bidder in the Resolution, and
the Note by adopting •he ottoched Resolution.
Jack Lam, AICP, Deputy Exect••Ive Director
attachments: Resolution
a3
G `
z ,
RESOLUTIONNO.A -+--re -" All
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF RANCHO CUCAMONGA AWARDIMG THE
SALE OF ITS 1985 COMMERCIAL OEV`ZLOPMENT NOTE
(RANCHO CUCAMONGA VILLAGE SHOPPING CENTER
PROJECT)
WHEREAS, the Redevelopment Agency of the City of Rancho Cucamonga
(the "Agency") authorized the Issuance of up to $3,100,000 principal amount of Its 1985
Commercial Development Note (the "Note ") for the ;:urpose of providing permanent
financing for the acquisition of commercial shopping center improvements to be
constructed by Kanter and Foothill Property, a California limited partnership, at the
northeast corner of Foothill Boulevard and Ramona Avenue (the 'Project"), located in the
Rancho Redevelopment Frojert Area of the Agency pursuant to Resolution No. RA 85-
06= and
WHEREAS, the Agency authorized the sale of the Note by Resolution No.
RA 85 -16, including the publication of a notice Inviting bids on the Note, which bids we s
to be received and considered by the Agency on December 18,1985;
NOW, THEREFORE, BE IT RESOLVED, by the Redevelopment Agency of the
City of Rancho Cucamonga as follows:
SECTION I. Award of Note. In accordance with the provisions of
Resolution I aJi�C�3 -T6, the Agency a—F eoused all bids for the Note to be received
opened and presented to It In the manner set forth In Resolution No. RA 85 -16 and based
an an examination of sold bids, hereby accepts the bid
of for the purchase of
$3,100,000 pr ne pa amount o the Note, n accordance w 1 fhe terns and provisions of
sold bid end awards the sole of the Note to sold bidder.
SECTION 2. Effective Date. This Resolution shall take effect upon
adoption.
PASSED, APPROVED and ADOPTED this 18th day of December, 1985.
AYES:
NOES:
ABSENT:
Jon D. Mikels, Chairman
ATTEST:
Lauren M. Womermaii, Secretary
9rl�.
CiTY OF RANCHO CLICAMOC
REDEVELOPMENT AGENC'
STAFF REPORT
DATE: December 18, 1985
TO: Chairman and Members Of the Redevelopment Agency
FROM: Jack Lan, AICP, Deputy Executive Director
SUBJECT: REQUEST FROM TAC DEVELOPMENT FOR AGENCY ASSISTANCE
FROM HOUSING SET ASIDE FUND FOR THE DEVELOPMENT OF A
SENIOR CITIZENS HOUSING PROJECT
BACKGROUND: On November 19, '985 the Redevelopment Agency reczived a written
request from TAC Drelopment for financial assistance from the Agency Housing Set
Aside Fund for the senior citizens project located at Amethyst Avenue and 19th Street.
Specifically, the request is for assistance in paying certain sewer fees, water ices and
City fees ms elated with the project.
SUMMARY: The following summary Is provided with respect to the request.
FINANCIAL ASSISTANCEr The following Itemizes certain fees associated with the
pro ect w ch t eve peer has outlined In his request.
City Fees/Waivers of Improvements:
I. Systems Fee 36,618
2. Parks and Rec. Fee 3%2240
3. Beautification Fee 19,585 (already wo:ved under
4. Drainage Fee I9 642 Dev. Agi.)
5. Plm Check F,� 16,941
6. Building Permit Fee 12 924
7. Off -Sites on Amethyst l ,AM
00
Sewer d, Water Fees (combined) 2163,784.15
Total
EXISTING AFFORDABILITY OF PROJECTr As outlined In tie written request from
eve opmont t ro ect w — p'OVIde the following affordable houstng
provisions.
1
REDEVELOPMENT AGENCY STAFF REPORT
TAC Development /Assistance from Housing Set Aside Fund for Senior Citizens Project
December 18, 1985
Page 2
Under The Existing Developer Aareement:
All 168 units shalt be restricted to rents which do not exceed 30% of
80% of the area family income, adjusted for family size, as
established by HUD. TN.- developer's Information lists tM following:
2 person household $16,650 (80% of median)
rent (1 bedroom) 5616.25 /month
However,the information provided by the developer in his request Is
based on HUD data which was established in March 1984. In October
1985 HUC updated the famlly income for this area as follows:
2 person household 17,150 (80% of mLdlan)
4 person household 21,450 (80% of mediaW
Based on this 1985 data the rents in the project w uld be as follows:
I bedrooms 5420.75/mo. (.3 x 17,150/12)
2 bedroom: 536.25/ma. 0 x 21,450/12)
These monthly rental rates would apply to oil 16B units la the Project.
2. Multi- Family Bond Program:
Under o 1986 Mult4Famlly Bond Program the Project will be required
to provide 10% of the units (16) at rents which do not exceed 3076 of
50% of the area median income, adjusted for family size, as
established by HUD. Based on the 19&5 HUD updated figures the
following Identifies the income and monthly rents which would be
applied to 10% of the units.
Maximum
50% Income Monthl Rent
2 person household ,TftS't`(i rm.)
4 person household 13,070 335 2 bedrm.)
PROPOSED AFFORDABILITY PROVISIONS SHOULD REQUEST BE GRANTED:
According to that submitted request there are to apparent additional affordability
provisions, other than those already required under tha Developer Agreement and the
MultiFamily Bond Program, should the assistance be granted.
Af
9
Mfr .. _ � ✓. _
REDEVELOPMENT AGENCY STAFF REPORT
TAG Development /Assistcr.ce from Housing Set Aside Fund for Senior Citizens Project
December 18, 1985
Page 3
RECOMMENDATION: After presenlotiai of request to Agency, determine whether
�wis s�eT— ff request In which case o dynamic proforma and relevant tax
Information mvst be submitted by TAC Development.
Respectfully submit ed,
Jack Lam, AICP,
Deputy Executive Director
Y JL/L7 /kop
Attachments: Request from TAC Development doted November 15, 1985
a7
11—
v`2
i
DENELOPMFIgT
November 14, 1985
Mr. Jack Lam
Director, Community Development
City of Rancho Cucamonga
P.O. Box 807
Rancho Cucamonga, Calif. 91730
Dear Mr. Lam:
This letter is our request for financial assistance for the Senior
Citizen rental housing project at 19th and Amethyst, Rancho Cucamonga.
The project will meet the following city and state criteria for
affordable housing:
First: The development agreement states that the rental rate
formula is thirty percent (305) of eighty Percant (805)
of N.U.D. median income for San Bernardino County (see
attached).
Second: Under state guidelines, ten percent (10x) of the units
will be at fifty percent (50x) of the H.U.D. radian in-
case as a base and thirty percent (3Dx) of the base
figure for low Income housing (see attached).
Our request it for the Redevelopment Agency to grant TAC DEVELOPMENT
CORPORATION 'set aside' funds for seater fees, water fees and city fees.
'SAC DEVELOPMENT CORP, is comaitted to constructing the finest Senior
Citizen rental housing project in San Bernardino County, with eveey
recreational and senior citizen lifestyle amenity available.
Thank you fur ynur consideration, we will be available to answer any
tuestions at any time.
Sincerely Yours,
TAC DE OPHERT CORP
Terr hr steisen
President
cc: City Council
Lauren Wasserman
HELLMANAVR • RANCHO CUCA��IONGA , CALIFORNIA 91730 . (714)989 -1725-
!
I
DEVEEAPNEW _
SENIOR CITIZEN RENT MCULATIONS
(Based on Last H.U.O. Figures)
The formula for calculating the rent rates is as follows:
80% of the counties median average i —ome for a family of two,
30% of the 80% figure divided by 12 equals the monthly rent to
be charged.
Example: 80% of county median income - $16,650.00
30% of the 80: - $4,995.00
Divided by 12 months - $416.25 per month rent
Example of Low Income Rent: 50% of county median income - $9,990.00
30% of the 50% - $ 2,997.00
Divided by 12 months - $249.75 per annth rent
For 10% of project units.
r is
fi,[` �WWHUMANAM RA. IICIIOCVWIONGA.CAI.IFO%NIA91780 . (714)989.172
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CWv
CUCAMONGA COUNTY WATER DISTRICT
•(.1 CAM C( "M.1101M0 110 • CVC.YOYO� C.", C.1(O - " O '.. 43, •(l all.
ND_ 2010
TO:
T A C DEVELOPMENT
7333 Hellman Ave.
Rancho Cucamonga, CA 91780
DATE. 8/29/85
TRACT NUMEER:
ton 1 THRU 160'1160 TOTAL
CCWID WORK ORDER mfm5ER: •: 3248
V
QUANTITY
DESCRIPTION
AMOUNT
INVOICE XUbT HE PAID PRIOR TO
10/2E/85 OR NETT
INSPECTION FEES:
672.00
Water
672.00
Sewer
CONSTRUCTION WATER:
1,000.00
Grading meter deposit
48.30
Sewer trench
66.12
Water
66.12
GAS
66.12
Edison
66.12
Phone
66.12 ,
Cable TV
560.00
On -site water
WATER :ESTERS:
P
$150.00 ea.
300.00
2
1" meters
$350.00 ea.
700.00
2
2' meters
@
f!
$1,400.00 ea.
1,400.00
1
3" meter
JUMPER. FEESs �
$10.00 ea
50.00
5
Jumpers
CONNECTION FEES:
2,690.75
Water
3,36
Sewer
^2
FEESt eftINO
$45 /N EJATvR DJ,5r
000.
SEWER FACILITIES
I ►AY BY "MCE - NO STATEMENT IS ISSUED
ILW5: All fees are due prior to ANY construction.
No portial payments will be accepted.
•REEUNDMLE UPON C•OMRETION Of TRACT.
ObOINAL • CUSTOMER
AMOUNT DUE 1163.764.15
i
CITY OF RANCHO CUCAMONGA-
RMEVELOP&IENT AGENCY
STAFF REPORT
DATE: December 18, 1985
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TOr Chairman and ,Members of the Redevelopment Agency
FROM: Jack Lam, AICP, Deputy Executiva Director
BY: Linda D. Daniels, Senior Redevelopment Analyst
SUBJECT: SUBCOMMITTEE RECOMMENDATION ON FIRM TO PREPARE
MARKETING /PUBLIC RELATIONS SYSTEMS PACKAGE
BACKGROUND: As part of this fiscal year's activities the Agency is focusing on
creating a arketing/Public Relations package which can be used to promote both the
Agency and •he City and provide information to developes, investors, and residents of
the community. In an effort to begin working on the packcge a Request for Proposal
(RFP) was prepared which outlined the needs and concepts of the image and style that
the Agency wanted to present In the package. The RFP was mailed to approximately 30
firms which have experience in preparing this type of morketingfpubiic relations
material. A total of five (5) firms responded to the RFP.
At the December 4, 1585 meeting o subcommittee was appointed to review and evaluate
the RFP's as to their overall appearance, style, graphic design concepts and quality n
addressing the needs of the Agency as outlined In the RFP. This subcommittee, after
reviewing all five proposals, has determined that one (1) firm, The Mafketing Connection
(TMC), warrants recommendation to the Agency for the proposed work.
ANALYSIS: The Subcommittee recommends TMC for the following reosonsr
FIRM:
• has local office and has knowledge of local and regional
odvertising/pubiic relations efforts.
• resume shows firm has experience In preparing similar
marketing/public relations package for other local commwnittes,
businesses and organizations
OVERALL PACKAGE:
.3i
o has good grasp of desired Agency /City Image,
3e,
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REDEVELOPMENT AGENCY STAFF REPORT
Marketing/Public Relations Systems Package
December 18, 1985
Page 2
• the package has an attractive contemporary appearance end will work
well In meeting the needs of the Intended users (developvs, Investors,
residents),
• the package has the ability to function as one complete sy.Mem or as
individual components (I.e., brochure can be provided to an 'ndividuol
separately or as an element a! the package; Inserts can be pr vlded to
an Individual separately or as pat of the brochure or pockago). This
type of flexibility fs o east saving one since It Insures that people get
the Information they need without any extraneous material.
• proposed logo design is contemporary yet retains elements of Rancho
Cucammga's past.
• proposed slogan, "City with a Plan", has a strong feeling of quality -
Indicates to the ,public that the Agency/City knows what Is wanted -
that there Is a planned vision or future in mind and that the
Agency/City are working for it - In control of our destiny.
• the concept design theme and logo can easily expand Into other form-,
of public relations material such as business cards, stationery,
letterhead, flyers, newsletters and envelopes.
• well - written descriptive analysis of why design theme, colors and
system were used.
RECOMMENDATIONi The Agency approve the selection of TMC to prepare the
a et n u c Relations Systems Package and direct staff to negotiate a contract
with TMC for the proposed work with a maximum budget of $25,000 and authorize the
Chairman to execute the contract once It is orepared.
Deputy Executive Director
JULD:kap
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December 18. 1985
CITY or RANCHO CUCAMONGA
REDEVELOPMENT AGENCY MINUTES
` (Joint meting with City Council)
i. GAEL TO :EDEN
A joint mating of the Redevelopment Agency and the City Council of the City of
Rancho Cucameaga met an Wedaesday. December 1S. 1985, in the Lions Park Cozena-
nity Canter, 9161 Rue Line Road, laucho Cucamonga. The mating was called to
order at 7:55 p.m. by Chairmen Jon D. Mikela.
Present were Agency Members and City Council Msebmru Charles J. Baquat II,
Jaffrey Riug,_and.Cbsirmn and Mayor Jon D. MikdS.
_
Also present were: Rrecutive Director and City Manager, Lauren M. Wassermee;
Deputy Diructor add Commodity Development Director, Jack Lae; Senior RDA Ana-
lyst, Linda Daniels; Assistant Secretary and City Clark, Revarly A. Autbelet;
nd City Attorney, Andrew Arcayamki.
Abeanti Agency Members and City Council Members: Pamela J. Wright and Richard
N. Dahl.
Approval Of Minutes: MOTION: Moved by Ziag, Seconded by Mikels to approve the
aioutes of October 16. 1985 and November 6, 1985. Motion carried by following
worst
' ATM: Mikela and Ring
long lone
ABSIIT: Wright and Dahl
ABSTAIN: Buquat (was absent frog meeting)
NOTICE: Moved by Buquat, seconded by Hikele to approve the aioutse of November
21, 1985. Motion carried by following vote:
ATES: Buquat and Mikels
NOES: some
ABSENT: Wright and Dahl
ABSTAIN: Ring (was absent from meeting)
a a a s a a
2 Cusor CALW=
2A. Approval to receive sed file current Invaetmeut Scbedule as of December 110
1985.
23. Approval to convert Sank of lmeriea credit card service to San Bernardino
(1)
County Central Credit Onion card service. (0207 -06 RDA)
RESOLUTION 30. RA85 -18
A RESOLUTION OP THE RtDIVILOI SENT AGENCY OF THE CITY OP
RANCHO CUCAMONGA. CALIPOENIA, APPROVING AppLICATION FOR SAN
BERBARDINO COUNTY CENTRAL CREDIT ONION CARD SBRVICS
MOTION: Moved by Buqast. so-coded by Ring to approve the Consent Calendar.
Notion carried by following vote:
AYES: Buquat. Mikels. Zing
N
NOES: Some
:>
ASSIST: Wright and Dahl
y
ABSTAIN: Done
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December 1N, 1
rage 2
3A. DISPOflai- Dr V AL FIDPLTT I1 Co"Imno 2IT2 TR TERTATIX nT 2A,.2 .,./A2CIOC
Or TIU YJIJAD1 Snss r: CMTZR PemerT - As part of the Comorcial Davdopaant
Note Progress and the Iaetallaret Sale Financing Agreeesat, a hearing attet be
bald pursuant to the Health and Safety Code for property generally located at
the northeast corner of Rome& Aveoue and Foothill Soulsystd. Staff report by
Linda Deaiels. Senior IDA Analyst. (0203 -06 RUA)
Chairean Mikel■ opened the seating for public hearing. '-here being no re-
sponse. the public hearing was cloud.
Title of Resolution No. RA85 -19 was read by Secretary Lauren Wasearoan.
RESOLUTION 30. RAGS -19
A IMOLUTION Or THE RtaETILOPMNar Ar ZdCY 01' ISE CITY Or
I MCRO CUCAMONGA APPROVING TR DISPOSAL OF PROPRTY PURSUANT
TO TR IRSTALLNRT SALE FISArCIDG OF TFS RANCID CUCAMONGA ^
VILLAGE SHOPPING CENTER PROJECT
MOTION: Moved by King, seccaded by %squat to adopt Resolution lo. RAS3-19.
Notice carried by following tout
AYES: Sugeat. Mikela, King
ROnt gone
AISENTI Wright, Dahl
ABSTAIN: None
(3) 3B.
e *tee
- A vraeafor of Private Letivity good
Allocation, which wu received by the City frost other local agencies to the le-
developeent Agancy and a TRIA heariog in conf0rosace with the requirarnts of
the Intuual Revenue Code. Staff report by Linda 0enials, Senior IDA Analyst.
(0203 -06 RDA)
Mayor Mikela opened the crating for public bearia3. There being no response,
the public hearing was closed.
City Clark Anthelet read the title of Rasolution No. 85 -333.
RESOLUTION NO. SS -333
A %ZSOLUTIOW R THE CITY COUNCIL OF THE CITY OF RAICho
CUCAMONGA. CALIFODU. ACCEPTING IR TRAxSYR OF 1985 PRI-
VATE ACTIVITY BORD LIMIT, TRASS7113IDG THE SANE TO IRS 103-
VELOPM T AGENCY OF TR CITY OP RANCHO CUCAMONGA AND
AFFECTING YEN ISSOAICE OF A IOU BY THE RIDETELOPMENT AGENCY
Or THE CITY OF RLMCRO CCCAMOSCA TOR TR IANNCHO CUCAMONGA
VILLAGE SHOPPING CSITR FEWICY
MOTIOgt Mood by Ling. ueoaded by gngset to adopt 4aolotioe go. 85 -333. No-
tion tarried by the following voter
ATIS: 2t.quet, Mikela, King
NOES: Nona
ASSESTt Wright. Dahl
ABSTAIN: gone
• a a e e a
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Redevelopment AEeaey Mimotas `. ' :
December is, IP33 �'�.
Fags 3
44 arnOru, or Rohn nOCOMViw- DvnlcurleN es NvvmiRO Ac-vr a•D m•eOR+ ._ ( )
'" Sim OF rm[ mALe n ss.tO nMarnr.IAt- DSTR lri:amr ■nr[ YOR mane a"Cla 4
COCLwO♦61 nc+_re NrOrrimc Csry ljJo(lCSa Staff report by Linda Den1els. He-
r
Chairman Mikels opened the metLaS for public cummact. There bolo[ none, the
cretin[ was closed.
Cacratar2 Wanerman read the title of Resolution Ha. UB5 -20.
R[SCUTION 10. SA35-20
A RESOLUTION Or TIN RIDITELOMINT AGENCY OF SEE CITY Of
RAOCRO CUCAMONGA, CALIFORNIA, AFRG►TN0 DOCUM ®TSM
AFFOIOTnO A SEITICING AGENT AID AUTEO=ac TEE SALE OF ITS
NOTE AND MAKING CERTAIN FINDINGS IN CONNECTION WITH THE IS-
SUANCE OF SAID NOR (RANORO COCaMOHCA VILLAGE ShOpFING C®-
TER FROJSCS)
MOTION: Moved by Mikels. seconded by ling to approve Resolution 30. RABS -20.
Motion carried by the Following rote:
ATLAS: Huquat. Mikals. King
ROES: Kona
ASSENT: Wright, ling
ASSTAINt some
4B. at1ARDING 01 rQ SILK tD rQ Ctlpal'iu. 1gVROYA Sr ROT[ FOR rN[ R/RCRD (5)
COClwO11CA ylL+ae[ SmOrrINC cera r +[rja Staff report by Linda Daniels, So-
oior RDA analyst. (0203 -06 RDA)
(Agency Masher /City Council Member Pamela J. Wright arrived at 7s45 p•m.)
Chairman Mikela opened the mating for public comment. There being none, the
meeting was closed.
Secretary Wasserman read the title of Resolution so. RA85 -21.
RESOLUTION 90. RA35 -21
A RESOLUTION OF THE EIDSVELOPMT AGENCY Of SHE CITY OF
RANCHO CUCAMONGA, CALIFORNIA. AVA[DIMC TOE KALE OF LTS 1985
COMKEICIAL OEVCAFMOT NOTE (RANCHO CDCAIICl1CA VILLAGE 1H01�
FIND •.2Hrn TAOJECT)
MOTION: Moved by King, seconded by Whole to approve Resolution No. CA85-21.
Motion carried by following vote:
ATESt 8ugeet, Mikela, ling
2018: Hume
ABSENTs :abl
ANSTAIHS Wight (since she just came in)
. 1 1 / 1 f • ,
4C. PRIZE AND DISCUSSION OF 2200fAT FR:PI vac DKVCLOPMReT FOR ACINCY ASfiarAWcz (b)
FN[a1 NODR)]MC RE2 19ID[ -- FOR TR[ Dr7WLnrMny OF A SENIOt ?TITO•R MMIQ
F1Gli4L Staff report by Linda Daniels, Senior IDA Analyst. (0203 -08 RDA)
Agency Member Ring stated it would be best if he abstained from voticg since he
represented a P cry who was adverse to Mr. Cbrissesom.
S
Agency Member Eugaot "Presses concern about the oever and water fees. bat be
,- was not "are how CCWD figured its fees. He bad a problem of takicg money from
i.•�t'. `a' G6saist�jtiA&saty.11inatam
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cue nosey, the City. to &*other agency. Be felt 0163,000 for sear and water
was rather high. Ra would be receptive to assistance.
Chairuo Mikela, aphid if this amoust was the original fs4i or just the 1e-
creams? Re felt we have offered coaalderabla assistance to the developer. At
this poAt, he vasa t ready to allow thin.
Mr. Wasamrmaa stated It they era willing to increase the housing sat amide than
we can come back, but if Council wasn't then that would stop the entire action.
Agency Member Wright felt we have a development nremsat with TAC. She did
not sea anything that would make bar vote for a change. Council bade increased
the damsitiu for mash. She was hesitant to go further.
Agency Member Bupuat felt staff should do +this& more than contact the appli-
cant acd tall hie that the Agency dsaird to have more financial information.
Staff should not boa to perform aey soalysis. _
Mr. Wasserman stated that staff should spend a little tier aualysin this.
4CTION: No action. Item coatinud to the some rating attar the icformtion
is received.
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(7} 40. RICeNNUDATrs M Was" atacaaa v 7 &IIecr 9IW TD F[evAet waavMr
ARD FDZ[rC tzaaTIDr ATat- .a (RCOSS -04). Staff >rport by Linda Daniel#, Se-
nior RDA Analyst. (0203 -06 RDA)
Chairman Mihels stated that the Subcomedttea lorkd at this and concurred this
was the beat submittal.
MOTION: Moved by Ria &. amended by Mikels to authorize staff to eater Leto a
contract with TMC for the Marketics /Public Ralations System rackets for a cost
not to exceed 025.000. Motion carried 4-0 -1 (Dahl absent).
r ►war s
5. ADJdattMU'
MOTION: Moved by Rugnat, sacocOd ty WeiSbt to adjourn the RDA voting. No-
tion carried 4 -0 -1 (Dabl absent). The vaetiug adjourned at S:oo p.ar
Respectfully submitted,
l
Saverly Aothelet
Assistant Secretary
Approved: February 19. 1986
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