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Home My WebLink About1986/06/04 - Agenda Packet - RDAd° t, MY OF RANCHO CUCAMONGA LL REDEVELOPMENT AGENCY (y AGENDA 1977 Lions, Park Cosm:nity Center 9161 Dare Lino Road Rancho Cucamorga, California June 4. 19F - 7.DD e.e. 1. Roll Call: Mikels _. Buquet _. Ring Dahl _, and Wright a. caBS: cALSwae The following Consent Calendar items are expected to he routine and non- cvatrcearaial. Shed will be acted upon tt the WU at ova times witkomt discussion. 1. Approval to receive and file current Investaeat Schedule as of May 30, 1966. 2. Approval of Chino Buiu Municipal Water Disarict Tax Increment Pass -Thru estimate for !n 1986 -87. 80 ITEMS SUBMITTED $0 ITEMS SUBMITTED 1. Adjourn to closed session to discuss contract negotiations. 1 3 :'15 9 RANCHO CUCAMONGA J'edeyelopment Agency •Jm D. Rikele 'wr+r�• CaerinJ.Oepmell Jenny Rlet RkNrdK D.kl Pamela J. Wqgke DATE: May 3C, 1986 TO: Chairman and Members of the Redevelopment Agency FROM: Jim Hart, Treasurer .OBJECT: Receive and File - Rancho Cucamonga Redevelopment Agency investmnt Schedule Status Repert as of May 30, 1986 RANCHO CUCAMONGA REDEVELOPMENT AGENCY INVESTMENT SChEOULE STATUS REPORT PURCHASE INSTITUTION DATE California Fed 05/05/86 Great Western 12/17/85 LAIF 02/28/96 LAIF 02/28186 Great Western 03/06/86 Great Western 03/10/86 Great Western 03/10/86 First Trust Sk 04/07/86 Southwest Bank 04/23/86 Royal Oaks S&L 04/23/86 Coast SSL 04/23/86 W.stpart Sav 04/23/86 Security Fed 04/23/86 Eastern S&L 04/23/86 Rercury S&L 04/24/86 Mut,m) S&L 04124/P5 Holden Pacific 04/24/86 Secure S&L 04/24/86 County Sav Bk 04/24/86 Lincoln Am S&L 04/24/86 Bank of America 04/28/86 Glendale Fed 04/28/86 Crocker Hat Bk 04/29/86 Est Fed Sav Sk 04/30/86 Centurion Sav 04/30/86 MATURITY DATE 07/03/86 06/16/86 as needed as readed /_ NR ROAD. SUM • rM OFFICE BOX All • RANCHO CUCAMONGA. CALIFORNIA I= • 4714) 7411631 , M INTEREST AMOUNT RATE 200,000.00 06.700 1,000,000.00 07.900 1,900,000.00 08.510 3,100,000.00 08.510 1,188,291.25 07.500 500,000.00 07.350 100,000.0C 07.000 500,000100 06.600 100,000.00 06.500 I00.000.CO 07.375 100,000.00 07.125 100,000.00 07.625 100,600.00 07.200 100.000.00 06.750 100,000.00 07.250 100,000.00 07.000 100,000.00 06.750 100,000.00 08.000 100.000.00 07.875 100,000.00 07.700 500,000.00 06.775 100,000.00 07.250 500,000.00 06.100 I00,000.OU 07.700 I00,000.CO 07.125 NR ROAD. SUM • rM OFFICE BOX All • RANCHO CUCAMONGA. CALIFORNIA I= • 4714) 7411631 , M El RANCHO CUCAMONGA Rcdevelopment Agcney o jcn D. DOkrb Chu4aJ.Bwwtil JANp Nett Rkhud M. Dahl Pa ktj W'wV DATE: May 30, 1986 TO: Chairman and Members of the Redevelopment Agency FROM: Jim Hart, Treasurer SUBJECT: Receive and File - Rancho Cucamonga Redevelopment Agency Investment Schedule Status Report as of May 30, 1986 RJ-NCHO CUCAMONGA REDEVELOPMENT AGENCY INVESTMENT SCHEDULE S7 TUS REPORT PURCHASE MATURITY INTEREST INSTITUTION DATE DATE AMOUNT RATE California Fed Credt Westin . LRIF LAIF Great Western Great Western Ore &• Western First Trust Bk Southwest Bank Royal Oaks S&L Coast S6L Westport Sav Security Fed Eastern S61. Mercury S61. Mutual S&L Holden Pacific Secure SSL County Sav ek Lincoln An S&L Bank of America Glendale Fed Crocker Mat Bk Fst Fed Sav Bk Centurion Sav 07/03/86 06/16/86 as needed ns needed 06/06/86 07/08/86 06/09/86 04/07/87 07/22/86 11/19/86 10/20/86 10/20/86 10/20/86 10/20/86 11/24/87 01/23/87 11/07/85 04/24/87 04/24/87 12/19/86 04/28/87 12/12/86 16/30/86 04/30/87 10/27/86 200,000.no 1,000,000.04 1,900,000.00 3,100,000.00 1,188,291.25 500 0;0.00 m0,On0.OG 500,000.00 100,000.00 100,000.00 1LJ,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 500,000.00 104,000.00 500,000.00 100,000.00 100,000.00 06.700 07.900 08.510 08.510 07.500 07.350 07.300 06.600 06.500 07.375 07.125 07.625 07.200 06.750 07.250 07.000 06.750 08.000 07.875 07.700 06.775 07.250 06.100 07.700 07.125 w Ntt BABBLINBBOAD.BUITBC • FOBTOFFICBBOSI07 a BA.VCBOCUCAMO \CA.CALIFORMI1770 • nigns•.nl _ Y : Page 2 Investment Status Report Be] Air SGL 05/20186 Cal Am S(L 05/20/86 Encino S&L 05/20/86 $ante Paula SU 05/20/86 G.eat Pac S&L 05/23/86 Broorslde SLL 05/23/86 As of 5/30/86 - r 09105/86 100,000.00 05/20/87 100,000.00 05/20/87 100,000.00 12/05/86 100,000.00 05/26/87 100,000.00 05/26/87 100,000.00 Grand ,.al 11,588,291.25 07.500 08.150 07.750 07.250 07.875 07.900 i; ' i lai .:y Y a CITY OF RANCHO CLICAMONGA- REDEVELOPMENT AGENCY • , s TAFF REPORT DATEt June 4, 1986 TO: Chairman and Members of the Redevelopment Agency FROIA: Jack Lam, AICP, Deputy Executive Director BY: Olen Jones, Redevelopment Analyst SUBJECT: REVIEW OF CHINO BAc!.r MUNICIPAL WATER DISTI%ICT TAX INCREMFNT ESTIMATE Fat FYOB797-- ABSTRACT: The purpose of this report is to review the Ch no Basin uncipal Water utr et's estimate of the amount of tax Increment that is expected to be received In FY 86/87 from the Agency. The total estimate and the appropriate allocations have been prepared pursuant to the eoopererrie agreement between the District and the Agency. The District will hold Its first public heaing on June 18, 1986. BACKGROUND: The Agreement between the District and the Agency requires that the U str ctT—f �ubmT draft estimate to the Agency which identifies the total amount of taxes ,seeded to alleviate the financial burden caused by the Project. The Agency is required to review the draft estimate and forward written comments to the District prior to the public hearing (June 18, 1986). ThT purpose of the Agency review is to assure that assumptions in the Dlrtrict's draft estimata are consistent with the Redevelepment Agency's own estimates of projected tax Increment. EVALUATION: Pursuant to the Cooperative Agreement between the Agency and Chlw asin un c pal Water District, Agency staff has reviewed the proposed budget submitted by the District. Analysis of projected tax Increment revenues for FY 86187 indicates sufficient resources to provide the requested amount to the District. RECOMMENDATION: The Agency shall advise the District of the following: The anticipated 86187 .lnancial need is within the expected fan increment pass - through projection for the Chino Basin Municipal Water District. 3 REDEVELOPMENT AGENCY STAFF REPORT REVIEW OF CBMWD TAX INCREMENT PASS -THRU ESTIMATE FOR FY 1986187 June 4, 1986 Page 2 r 2) That language should be added to the proposed draft budget which indicates that became the projected tax increment resource Is an estimate only, it is subject to revision based on the final secured tnx roll tabulation. 3) That funds available to the District will be forwarded to the District less the amounts required for the affordable housing fund and administrative expenses. Res ectfully sub fitted, 'Jac , �AICP Deputy Executive Director JL /OJ /kap attachment: CBMWD Proposed 1986/87 Budget Report � \� J j j / § — a |� K | \\ _ -• ƒK] §7■ Em2 k�§ 2© �§§ � 2| §! mm j` ; |! G§( @ §r. P m laER2! § |! j}j}■;2� |! «Keeee£ !e(\■B! a l a`� ;cd;c9i " 2 \ T\ \ \� \\ f ' iw ■�Aj;ax § &kkkƒ »f! / 15� \ § \\ RANCHO CUCAMONGA Redevelopment Agency y, jasv 1111,0, •,,.er,.s.. Ch"k, J. Bogwtit Jer&"Rint RkhWd 1. Dabs P,m,11J.Wr1tet DATE: Hay 30, 1986 T0: Chairman and slembers of the Redevelopment Agency FROM: Jim Hart, Treasurer SViJEti: RStatus CRepo tgas Kay 30,n1986ency investmentdSchedule of RANCHO CUCAMONGA REDEVELOPMENT AGENCY INVESTHEIT SCHEDULE STATUS REPORT PURCHASE MATURITY INTEREST RATE INSTITUTION DATE DATE fJ10UI7T Cailfornia led 05 /05 /P+, 07/03/86 200,000.00 1,000,000.00 06.700 07.900 Great Western 12/17/85 02/28/86 06/16/86 as needed 1,900,01!0.00 08.510 LAIF LAIF 02/28/86 as needed 3,100,060.00 1,188,291.25 08.510 07.500 Great Western 03/06/86 03/10/86 06/06/86 07/08/86 500,000.00 07.350 Great Western 03/10/86 06/09/86 100,000.00 07.500 Great Wasteln Bk 04/07/86 04/07/87 500,000.00 06.600 First Trust Southwest Bank 04723/86 07/22/86 100,000.00 100,000.00 06 500 07.375 Royal Oaks S&L 04/23/86 04/23/86 11/19/86 10/20/86 100,000.00 07.125 Coast S&L Sav 04/23/86 10/20/86 100,000.00 07.625 Westport Security Fed 04/23/66 10/20/86 100,000.00 07.200 06.750 Eastern S&L 04/23/86 04/24/86 10/20/86 11/24/87 IOD,000.00 100,000.00 07.250 ttercury S&L 04/24/86 olf23/87 IOU,000.00 07.000 Mutual S&L Holden Pmlflc 04/24/86 11/07/86 100,000.00 100,000.00 06.750 08.000 ;:cure SLL 04;24/076 04/24.86 04/24/87 04/24/87 100,000.00 07.875 county Ssv Bk Lincoln Aa S&L 04/24/86 12/19/86 100,000.00 07.700 06.775 Bank of Aa,ersca 04/28/86 04/29/85 04/'./87 127.2/86 500,000.0: 100,000.00 07.250 Glendale Fed Crocker Nat Bk 04/29/86 IF /30/86 500,000.00 06.100 07.700 Fst Fed Sav b4 04/30/86 64/30/87 "186 100,oro.0o 100,000.00 07.125 Centurion Sav 04/,0/86 o/2 U20 SMELUm ROAD, RUIrR C • POST OFFICE BOX $07 • RANGHo CUCAMONGA, CALIFORNIA t1T]a , (114) "41831 b Si Page 2 Investment Status Report Bel Air S&L 05/20/86 09/05/86 100,000.00 07.500 Cal Am S&L 05/20/86 05/20/87 100,000.00 08.150 Encino S61. 05/20/86 05/20/87 I00,OCO.00 07.750 Santa Paula S&L 05/20/86 12/05/86 100,00:1.00 07.250 Great Pac S&L 05/23/86 05/26/87 100,000.00 07.875 Brookside S&L 05/23/86 05/26/87 100,000.00 07.900 I As of 5/33/86 Grand Total 11,508,291.25 1. 1 i b. r 'i Ad { i 7 i CITY OF RANCHO CUCAMONGA REDEVELOPMENT AGENCY STAFF REPORT - DATE: June 4, 1986 TO: Chairman and Members of fm Redevelopment Agency FROMt Jack Lam, AICP, Deputy Executive Director BY: Olen Jones, Redevelopment Analyst SUBJECTt REVIEW OF CKNO BASIN MUNICIPAL WATER DISTRICT TAX INCREMENT PAkSS- STIMATF FOR FY 1986/87 ABSTRACT: The purpose of this report is to review the Chino Basin Muncipci Wote: :stbr r et-T 's estimate of Ito amourt of tax increment that is expected to be received in FY 86187 from the Agercy. The total estimate and the appropriate allocations have been prepared pursuant to the cooperative agreement between the District and the Agency. The District will hold its first public hearing on June 1% 1986. BACKGROl1ND: The Agreement between the District and the Agency requires that the str cUiTvbm a draft estimate to the Agency which identifies fle total amount of taxes needed to alleviate the financial burden caused by the Project. The Agency is required to review the draft estimate and forward written continents to the District prior to the public hearing (June 18, 1986). The purpose of the Agency review is to assure that assumption; in the District's draft estimate rre consistent with the Redevelopment Agency's own estimates of projected tax increment. EVALUATION: Pursuant to the Cooperative Agreement between the Agency and Chino tasrn h=im cTpal Water District, Agency staff I= reviewed the proposed budget submitted by the District. Analysts of projected tax Increment revenues for FY 86/87 Indicates sufficient resources to provide the requested amount to the District. RECOMMENDATION: The Agency shall advise the District of the followings 1) The anticipated 86187 financial need is wilhin the expected tax increment pass-through, projection for the Chino Basin M.mlcipoi Water District. .. 3 REDEVELOPMENT AGENCY STAFF REPORT REVIEW OF CBMWD TAX INCREMENT PASS.THRU ESTIMATE FOR FY 1986187 June 4, 1986 Page 2 2) That language should be added to the proposed draft budget Xkh irtdscates that becvhe the projected tax increment resources is ah estimate only, it is rkject to revi6on based on the final secured tax roll tobulatfom 3) That funds avaitobTe to the District will be forwarded to the District less the amothds required for the affordable housing fund and odministrative expemes. vjlitted, Deputy Executive Director JL /OJ /kaP attachments CBMWD Proposed 1986/87 Budget Report 1E !M I �y yrl § 2 § q � §a ! §; iiJ /§! §§2 22§ a ƒ§m 22� BSI - �k , () ��| ¥\ es,e, - ■ , „ ��| ¥\ es,e, 2!| ( /( \ § \( «;C;� 2 £ § /§V ;C; | 15— § .. k 7 �\ /« � / ;e|#mR;R■e „ ��| ¥\ ,■,!r!a 2!| ( /( \ § \( «;C;� 2 2 2;I! . 3 \ \§z z�� \\( � 15— § .. k 7 �\ /« � /