2000-154-Approving The 1999-00 Annual Report For The Los Gatos Redevelopment AgencyRESOLUTION 2000 -154
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
APPROVING THE 1999-00 ANNUAL REPORT FOR
THE LOS GATOS REDEVELOPMENT AGENCY
WHEREAS:
The California Community Redevelopment Law (§33080.1) requires every
redevelopment agency to present a report on financial and housing activity to its legislative body
within six months of the end of the agency's fiscal year.
2. The Annual Report for the Redevelopment Agency consists of an independent
financial audit report for the previous fiscal year, a fiscal statement for the previous fiscal year,
and a description of the agency's activities affecting housing and displacement.
3. The audit issued by Maze and Associates, attached hereto as Exhibit A, gives an
unqualified opinion of the Redevelopment Agency's financial activities includes the auditor's
opinion of the agency's operations and financial position, and the agency's compliance with laws,
regulations and administrative requirements governing activities of the agency, including all
financial activities involving low- and moderate -income housing funds.
4. The Statement of Housing Activity and the Annual Report of Financial Transactions,
attached hereto as Exhibits B and C, consist of forms provided by the State Department of
Housing and Community Development.
Approval of the 1999-00 Annual Report for the Los Gatos Redevelopment Agency
does not constitute a project for purposes of the California Environmental Quality Act
("CEQA").
RESOLVED, that the Town Council hereby approves and adopts the 1999-00 Annual
Report for the Los Gatos Redevelopment Agency, attached hereto as Exhibits A, B and C.
FURTHER RESOLVED, that the Town Council determines the planning and
administrative expenses from the Low and Moderate Income Housing Fund are necessary for the
production, improvement, or preservation of low- and moderate- income housing.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the I8th day of December, 2000 by the following vote:
COUNCIL MEMBERS:
AYES: Randy Attaway,_Steven Blanton, Sandy Decker, Steve Glickman,
Mayor Joe Pirzynski.
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED: MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK OF THE TOWN OF L ATOS
LOS GATOS, CALIFORNIA
ANNUAL REPORT OF HOUSING ACTIVITY
OF COMMUNITY REDEVELOPMENT AGENCIES
FOR FISCAL YEAR ENDED 6 / 30 1.00
Agency Name and Address: County of Jurisdiction:
Los Gatos Redevelopment Agency Santa Clara
110 R- Main $trPPf-
P.O. Box 949
Los Gatos, CA 95031
California Redevelopment law (Health and Safety Code Section 33080.1) requires agencies to annually report their housing activities
and maintenance and use of the Low & Moderate Income Housing Fund (LM1HF). Pursuant to Section 33080.3, a copy of this report
must be sent to the State Controller and filed with the Department of Housing and Community Development (HCD) in order for HCD
to compile and annually publish a report of redevelopment agencies' housing activities in accordance with Section 33080.6.
Please answer each of the following questions in order to determine which HCD Schedules your agency must prepare in order to
provide a complete report of housing activity and fund balances for the reporting period.
1. Check one of the items below to identify the Agency's status at the end of the reporting period:
❑ New (Agency was formed during the reporting year but no financial transactions were completed)
g Active (Agency completed financial transactions during the reporting year)
Inactive (Agency did not complete any financial transactions during the reporting year)
Dismantled (Agency is dissolved)
2. How many adopted project areas did the Agency have during the reporting period? I
If the Agency has one or more project areas, submit a separate copy of SCHEDULE HCD-A for each adopted project area.
How many project areas were merged during the reporting period? 0
If the Agency has no adopted project areas, do not submit Schedule HCD-A.
3. Did the Agency conduct any housing activity outside of adopted redevelopment project areas during the reporting period?
❑ Yes. Prepare and submit one copy of SCHEDULE HCD-B.
No. Do not submit Schedule HCD-B.
4. Did the Agency have any funds in the Low & Moderate Income Housing Fund during the reporting period?
X] Yes. Prepare and submit one copy of SCHEDULE HCD-C.
❑ No. Do not submit Schedule HCD-C.
5. During the reporting period, were housing projects completed within a project area or assisted by the agency outside a project
area?
❑ Yes. Prepare and submit all applicable HCD Schedules D1-D7 and El for each housing project completed.
® No. Do not submit HCD Schedules Dl-D7 or HCD Schedule El.
To the best of my knowledge, the representations made in above statement and the disclosures contained in the HCD Schedule(s)
submitted herewith are true and correct.
Date ignature o utho ' Agency Representative
Title
Telephone Number
California Redevelopment Agencies - Fiscal Year 1999-2000 HCD-Cover
Cover (7/1//00) Page 1 of 1
SCHEDULE HCD-A
Inside Project Area Activity
for Fiscal Year Ended 6 1. 301 00
Agency Name: LOS GATOS REDEVELOPMENT NG-W%AreaName: Central Los Gatos Redevelopment Project
Preparer's Name Title: Bud N. Lortz, blortz@town.los-gatos.ca.us
p —Preparer's E-Mail Address:
Redevelopment: Manager
Preparer's Telephone No; _4081354 6867 Preparer's Facsimile No: 408/3 4-7593
General Information
1. a Year that plan for project area was adopted; 1991 Current expiration of redevelopment plan: 12 / 31/ 31
mo day yr
b. If project area name has changed, give previous name(s) or number: N/A
c. Year(s) project areas merged: NLA ,
Project areas
d. Year(s) project area plan was amended and real property was:
(1) added: N/A
(2) removed: ,
2. Project areas adopted, and areas added by amendment, after 12/31/75 are subject to section 33413. All other project areas
are subject to Section 33413(a), effective 1/1/96, with respect to housing activity specified in Section 33413(d).
An agency may elect to make all or part of Section 33413 apply to a project area for which a plan was adopted before 1/i/76.
If the redevelopment plan for the subject project area was adopted before 1/l/76 and the agency has elected to apply all or part
of Section 33413, provide the date and scope of the resolution.
Date: _ , A
mo day yr
NOTE:
Expenditures for debt service should be reported on Schedule HCD-C, Line 4c.
Dollar amounts for items HCD-A lines 3a: 3f, and 3i. (where an italicized line number is noted in parentheses) 'can be
taken directly from that line number on the State Controller Office's (SCO) Annual Report of Financial Transactions
of Community Redevelopment Agencies, Project Area Income Statement; except for the reclassifying of Transfers -In
from Internal Funds and the reporting of Other Sources as discussed below.
Transfers -In from other internal funds: The specific sources of transferred funds must be reported in items HCD-A
lines 3a.,j. For example: transfers into the Housing Fund from the Debt Service Fund for the deposit of the 20% set -
aside should be reported on Line 3a(3).
Other Sources: Non-GAAP (Generally Acceptable Accounting Erinciples) revenues such as land sales for those
agencies using the Land Held for Resale method to record land sales should be reported on HCD-A Line 3d. Money
received for the repayment of loan principal to the Housing Fund should be included on HCD-A Line 3h.
California Redevelopment Agencies — Fiscal Year 1999-00 HCD-A
Sch A (7/l/00) Page I of 6
AgencyName: LOS GATOS REDEVELOPMENT AGENCY Project Area Name: Central Los Gatos Redevelopment
Proiect Area Housine Fund Revenues and Other Sources Proj eet
3. Report all revenues and other sources of funds from this project area which accrued to the Housing Fund over the
reporting year. Any income related to agency -assisted housing located outside the project area(s) should be reported as
"Other Revenue" on Line 3j. (of this Schedule A), if this project area is named as beneficiary in the authorizing
resolution. Any other revenue sources not reported on lines 3a.,3i., should also be reported on Line 3j.
Enter the full 100% of gross Tax Increment allocated (prior to any pass through and deduction for fees) on Line 3a(l).
Compute 20% of gross Tax Increment and enter the amount on line 3a(2). Next, report the amount of Tax Increment set -
aside before any exemption and/or deferral (if amount set -aside is less than 20% explain the difference). If any amount
of Tax Increment was exempted or deferred, in addition to completing lines 3a(4) and/or 305) complete Line 4 and/or
Line 5. To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(6)], subtract allowable
exempted [Line 3a(4)] or deferred [Line 3a(5)] amounts from the Tax Increment Allocated to Housing Fund [Line 3a(3)].
a. Tax Increment:
(1) 100% of Gross (SCO Line IE): $ 2,123, 043
(2) Minimum Deposit to Housing Fund (Line 3a(l) x 20%): $ 424,609
(3) Tax Increment Allocated to Housing Fund $ 424 , 612
* If less than 20%c of the Gross Tax Increment (see 3a(2) above) is being
set -aside in this project area in accordance with Section 33334.3(i), identify
the project area(s) contributing the difference. Explain any other reason(s):
(4) Amount Exempted [Health &'Safety Code section 33334.2]
(if there is an amount exempted, also complete question #4 (HCD-A): ($ —0—
(5) Amount Deferred [Health & Safety Code section 33334.61
(if there is an amount deferred, also complete question#5 (HCD-A): ($ —07 )
(6) Tax Increment Deposited to Housing Fund (actual amount deposited) [Lines 3a (3) - (4) - (5)] $ 424,612
b. Interest Income (SCO Lne 5 );
c. Rental/Lease Income (SCO lines 6 + 7 ):
d. Sale of Real Estate (SCO Line 8 ):
e. Grants (SCO lines 9 + 10 ):
f. Bond Administrative Fees (SCO Line 11 );
g. Deferral Repayments (also complete Line 5c on the next page):
h. Load Repayments:
i. Debt Proceeds (SCO Line 39 ):
j, Other Revenue(s) [Explain and identify amount(s)]:
k. Total Housing Fund Deposits for this Project Area (add lines 3a(6). through 3j.)
California Redevelopment Agencies — Fiscal Year 1999-2000
Sch A (7/l/00)
$ 54,190
$ 478,802
HCD-A
Page 2 of 6
Agency Name LOS GATOS REDEVELOPMENT AGENCY Project Area Name: Central Los Gatos Redevelopment
Exemntion(s)
Proj ect
4. If an exemption was claimed on Line 3a(4) to deposit less than the required amount, complete the following information: N/A
Current Resolution # Resolution Date: / / Date Resolution with facts sent to HCD:
mo day yr mo day yr
Check only one of the Health and Safety Code Sections below providing a basis for the exemption:
Section 33334.2(a)(1): No need in community to increase/improve supply of lower or moderate income housing.
❑ Section 33334,2(a)(2): Less than 20% set -aside is sufficient to meet the need.
❑ Section 33334.2(a)(3): Community is making substantial effort equivalent in value to 20% set -aside and has specific
contractual obligationsincurred before May 1,1991 requiring continued use of this funding.
Note: Pursuant to Section 33334.2(a)(3)(C), this exemption expired on, June 30,1993.
Contracts entered into prior to May 1,1991 may not be subject to the exemption
sunset.
Date initial finding was adopted: _J_/ Resolution # _ Date sent to HCD —_/—J
mo day yr mo day yr
Other: Specify code section and reason:
Deferral(s)
5. a. If you are deferring the set -aside, indicate the reason. Check only one of the below Health and Safety Code Section boxes: N/A
Section 33334a6(d): Project was approved before 1986 and tax increments are needed to meet existing obligations.
Note: The previous allowable deferral under Section 33334.6(e) expired. It was
only allowable in each fiscal year prior to July 1,1996 with certain restrictions.
Date initial finding was adopted:
mo day yr
❑ Other: Specify code section and reason:
Resolution # Date sent to HCD
Too day yr
b. When was current year finding adopted for any deferral claimed in 5.a.? —j—1 N/A
mo day yr
Identify Resolution #
Date Resolution sent to HCD: _//
mo day yr
c. A deferred set -aside pursuant to Section 33330(d) constitutes an indebtedness to the Housing Fund equal to the amount of the
set -aside being deferred. Summarize the amount(s) of set -aside deferred during this fiscal year and cumulatively: N/A
Fiscal Year Amount Deferred This Amount of Prior FY Cumulative Amount
Reporting FY Deferrals Repaid Deferred (Net of Any
During Reporting FY Amount(s) Repaid)
98/99
99/00 I $ 1 .$ 1 $ * *
* The cumulative amount of deferred set -aside should also be shown on Schedule C, Line 6b.
If the FY 98/99 cumulative deferral shown above differs from what was reported on the last HCD report, indicate the
amount of difference and the reason:
Difference: $ Reason:
California Redevelopment Agencies — Fiscal Year 1999-2000 HCD-A
Sch A (7/l/00) Page 3 of 6
Agency Name:LOS GATOS REDEVELOPMENT AGENCY
Deferrals (continued)
5.
Project Area Name: Central Los Gatos Redevelopment
roi ecr
d. Section 33334.6(g) requires any agency which defers set -asides to adopt aplan to eliminate the deficit in subsequent years. If
this agency has deferred set -asides, has it adopted such Ian? Yes ❑ No ❑
If yes, by what date is the deficit to be eliminated? N A
mo day yr
If yes, when was the original plan adopted for the claimed deferral?
mo day yr
Identify Resolution # Date Resolution sent to HCD
mo day yr
When was the last amended plan adopted for the claimed deferral?
mo day yr
Identify Resolution # Date Resolution sent to HCD
mo day yr
Housing Units Lost and Households Dismlaced
6. a. Pursuant to Sections 33080.4(a)(1) and (a)(3), report the number of dwelling units and bedrooms destroyed or removed from
this project area as a result of redevelopment activities; the number of above moderate units or bedrooms the agency is not
required to replace; and the income category and type of households permanently displaced from the project area during the
fiscal year.. N/A
Income Level
VL
L
M
AM
Total
Households Permanently Displaced —Elderly
Households Permanently Displaced - Non Elderly
Households Permanently Displaced — Total
Units Lost (Removed or Destroyed, and Required to be Replaced)
Bedrooms Lost (Removed or Destroyed, and Required to be Replaced)
Above Moderate Units Lost That Agency is Not Required to Replace
Above Moderate Bedrooms Lost That Agency is Not Required to Replace
b. Pursuant to Sections 33080.4(a)(1) and (a)(3), report the number of households permanently displaced as a result of
redevelopment activities other than the destruction or removal of dwelling units and bedrooms from this project area; and the
income category and type of households displaced from the project area du_ rive the fiscal year. N/A
Income Level
VL
L
M
AM
Total
Households Permanently Displaced - Elderly
Households Permanently'Displaced-'Non Elderly
Households Permanently Displaced - Total
c. Identify each replacement (housing plan adopted that is related to permanent displacement, destruction or removal of dwelling
units or bedrooms during the fiscal year and identified in paragraphs in 6a. and 6b, as follows: N/A
Date / / Name of Agency Custodian
mo day yr
Date —�—J Name of Agency Custodian
mo day yr
Date _/� Name of Agency Custodian
mo
day yr
Please attach a separate sheet of paper listing any additional housing plans
adopted.
California Redevelopment Agencies — Fiscal Year 1999-2000 HCD-A
sch At7iliool Page 4 of 6
Agency Name: LOS GATOS REDEVELOPMENT AGENCY
Housing Units Lost and Households Displaced (continued)
Project Area Name: Central Los GatosDRo a 2lopment
7. a. As required in Section 33080.4(a)(2), estimate the type and number of households, by income category, to be permanently
displaced from this project area during the next reporting period (Fiscal Year 1999-2001): N/A
Number of Households
Income Level
VL
L
M
AM
Total
Households Permanently Displaced -Elderly
Households Permanently Displaced- Non Elderly
Households Permanently Displaced - Total
b. Identify each replacement housing plan adopted that is related to permanent displacement, destruction or removal of dwelling
units or bedrooms during the next reporting period and identified in paragraph 7a. as follows: N/A
Date -J /
mo day yr
Date
mo day yr
Date
mo day yr
Name of Agency Custodian
Name of Agency Custodian
Name of Agency Custodian
attach a separate sheet of paper listing any additional housing plans
New or Substantially Rehabilitated Dwellina Units Developed Within This Proiect Area From Activities of Other Proiect
Area(s)-
8. Pursuant to Section 33413(b)(2)(A)(v), agencies may choose one or more project areas to fulfill another project area's requirement
to construct new. or substantially rehabilitate dwelling units, provided the agency conducts a public hearing and finds, based on
substantial evidence, that the aggregation of dwelling units in one or more project areas will not cause or exacerbate racial, ethnic,
or economic segregation. Were any dwelling units in this Project Area developed to partially or completely satisfy another project
area's requirement to construct new or substantially rehabilitate dwelling units? N/A
❑ No.
E] Yes. Date initial finding was adopted? /�/ Resolution # Date sent toHCD:_�_J_
mo day yr mo day yr
Number ofDwellina TTnite
Name of Other Project®®®�
California Redevelopment Agencies —Fiscal Year 1999-2000 HCD-A
Sch A (7/l/00) Page 5 of 6
Agency Name: LOS GATOS REDEVELOPMENT AGENCY Project Area Name: Central Los Gatos Redevelopment
Sales of Owner -Occupied Units Prior to the Expiration of Land Use Controls
9. Section 33413(c)(2)(A) specifies that pursuant to an adopted program, which includes but is not limited to an equity sharing
program, agencies may permit the sales of owner -occupied units prior to the expiration of the period of the land use controls
established by the agency. Agencies must deposit sale proceeds into the Low and Moderate Income Housing Fund and within
three(3) years from the date of unit sales, expend funds to make affordable an equal number of units at the same income level as
the units sold. N/A.
a. Did the agency permit the sale of any owner -occupied units during the reporting year?
❑ No.
❑ Yes. ITotal Proceeds of Sales Deposited' $ Number of
Income Level VL L M Total
Number of Units
b. Did the agency expend funds in the reporting year to make affordable an equal number of units sold within three years?
No.
❑ Yes.
Total LIVIiIII' Funds Expended $ Number of Units
Income Level
VL
L
M
Total
FY 98-99 Sold Units Equally Made Affordable
FY 97-98 Sold Units Equally Made Affordable
FY 96-97 Sold Units Equally Made Affordable
Affordable Units to be Constructed Within the Next Two Years
10. Pursuant to Section 33080.4(a)(10), report the number of very low, low, and moderate income units to be financed by any federal,
state, local, or private source and constructed inside the project area, within the next two years, pursuant to an executed contract or
agreement. Also include the estimated completion date of these future units and the amount of funds, if any, that have been
designated and budgeted.
DO NOT REPORT ANY UNITS SHOWN ON HCD-A, Line 9, HCD-13, Line 3 OR SCHEDULE HCD-
Ds.
Name of
Project and/or Contractor
Execution
Date
Estimated
Completion Date
Amount Designated
[Sch C, Line Sb 3 a ]
VL
L
M
Total
$ 310,0001
1
$
$
$
$
Please attach a separate sheet of paper listing any additional housing plans
adopted.
California Redevelopment Agencies— Fiscal Year 1999-2000 HCD-A
Sch A (7/l/00) Page 6 of 6
SCHEDULE HCD-C
Agency -wide Activity
for Fiscal Year Ended 6 /, 30 / 00
Agency Name: Los Gatos Redevelopment AgeCuc
Santa Clara
Preparer's Name, Title: Bud N. Lortz , Redev. MQArsparer's E-Mail Address: blortz@town. los—gatos . ca.us
Preparer's Telephone No- (408) 354-6867 Preparer's Facsimile No: (408) 354-7593
Low & Moderate Income Housinz Funds
Report on the "status and use of the agency's Low and Moderate Income Housing Fund." Most information reported here should be
based on that reported to the State Controller. When applicable, use <$> for negative amounts or amounts to be subtracted.
1. Beginning Balance (Use "Net Resources Available" from last year's Line 4 on HCD-C) t807.726.
a. If Beainning Balance requires adjustment(s), identify the reason and amount for each adjustment:
Rounding $ {1)
$
b. Total Adjustment(s) (indicate whether positive or <negative>)
$ fl -00)
c. Adjusted Beginning Balance [Beginning Balance plus + or minus <-> Total Adjustment(s)] $ 807 , 725
2. Project Area(s) Receipts and Agency Other Revenues
a. All Project Areas. Total Housing Fund Deposits [Sum ofamount(s) from Line 3k.,HCD-A(s)] $ 478 02
b. Other revenues not reported on Schedule HCD-A(s) [Identify source(s) and amount(s)]:
$
c. Total Agency Other Revenues $ —0-
3. Total Resources (Line 1c. + Line 2a +Line 2c
a1,286,527
NOTES:
Many amounts to report as Expenditures and Other Uses (beginning on the next page) should be taken from the Annual Report
of Financial Transactions of Community Redevelopment Agencies that is submitted to the State Controller's Office (SCO). Line
items shown on the SCO report are shown as italicized line numbers within parenthesis (SCO Line #) at the end of applicable
HCD-C line items comprising Expenditures and Other Uses.
Transfers -out to other internal funds: Report the specific use of any transferred funds on applicable HCD-C lines 4a.-k. For
example, transfers from the Housing Fund to the Debt Service Fund for the repayment of debt should be reported on the
applicable item comprising Line 4c. Any transfers out of the Agency (for example: the transfer of excess surplus funds to a
county Housing Authority) should be reported in line 4j(3).
Other Uses: Non-GAAP (Generally Accepted Accounting Principles) recording of expenditures such as land purchases for
certain agencies using the Land Held for Resale method to record land purchases should be reported on HCD-C Line 4a(1).
Money spent on loans from the Housing Fund should be included in dines 4b., 4f., 4g. and 4h. as appropriate.
The statutory cite pertaining to Community Redevelopment Law is provided for preparers to review to determine the
appropriateness of Low and Moderate Income Housing Fund (LMIHF) expenditures and other uses. HCD does not
represent that line items identifying any expenditures and other uses are allowable. CRL is accessible on the Internet
fivebsite: h"://www.leginfo.ca:aou/ (California Low)] beginning with Section 33000 of the Health and Safety Code.
California Redevelopment Agencies - Fiscal Year 1999.2000 HCD-C
soh C (7/l/00) Page 1 of 8
(_
Agency Name: LOS GATOS REDEVELOPMENT AGENCY
4. Expenditures and Other Uses
a. Acquisition of PropeWyBuilding Sites,[33334.2(e)(1)] & Housing Acquisition [33334.2(e)(6)]:
(1)
Real Estate Purchases (SCO Line 17)
$
(2)
Acquisition Expense (SCO Line 20)
$
(3)
Operation of Acquired Property (SCO Line 21)
$
(4)
Relocation Costs (SCO Line 22)
$
(5)
Relocation Payments (SCO Line 23)
$
(6)
Site Clearance Costs (SCO Line 24)
$
(7)
Disposal Costs (SCO Line 26)
$
(8)
Other [Explain and identify amount(s)]
(9)
Subtotal Acquisition of Property/Building Sites (Sum of Lines 1-8) $ --0—
b. Subsidies from Low and Moderate Income Housing Fund (LMW):
(1)
1s1 Time Homebuyer Down Payment Assistance
$
(2)
Rental Subsidies
$
(3)
Purchase of Affordability Covenants [33413(b)2(B)]
$
(4)
Other [Explain and identify amount(s)]:
Miles Avenue Affordable $194,879
Housing Project $
(5)
Subtotal Subsidies from LMM (Sum of Lines 1 — 4)
$ 194,879
c. Debt Service f33334.2(e)(9)1:
(1)
Debt Principal Payments
$
(a) Tax Allocation, Bonds & Notes
$
(b) Revenue Bonds & Certificates of Participation
$
(c) City/County Advances & Loans
$
(d) U. S. State & Other Long —Term Debt
$
(2)
Interest Expense (SCO Line 29)
$
(3)
Debt Issuance Costs (SCO Line 31.1)
$
(4)
Other [Explain and identify amount(s)]:
(5)
Subtotal Debt Service (Sum of Lines 1— 4)
$ 70—
d. Planning and. Administration Costs [33334.3(e)(1)]:
(1) Administration Costs (SCO Line 14c) $ 83,508
(2) Professional Services (non project specific) (SCO Line 15c) $ 619
(3) Planning, Survey/Design (non project specific) (Line 16c) $
(4) Indirect Nonprofit Costs [33334.3(e)(1)(B)] $
(5) Other [Explain and identify amount(s)]:
(6) Subtotal Planning and Administration (Sum of Lines 1— 5) $ 84,127
California Redevelopment Agencies - Fiscal Year 1999-2000 HCD-C
sch C (7/i/00) Page 2 of
Agency Name: LOS GATUg REDEVELOPMENT AGENCY
4. Expenditures and Other Uses (continued)
e. On/Off-Site Improvements [33334.2(e)(2)] $
f. Housing Construction [33334.2(e)(5)] $
g. Housing Rehabilitation [33334.2(e)(7)], (Line 27c) $
h, Maintenance of Mobilehome Parks [33334.2(e)(10)] $
i. Preservation of At -Risk Units [33334.2(e)(l1)] $
Transfers Out of Agency
(1) For Use Outside Community (33334.17) $
(2) For Transit Village Development Plan (33334.1.9) $
(3) Excess Surplus [33334.12(a)(1)(A)] $
(4) Other (code section authorizing the transfer and amount)
A. Section $
B. Section $
C. Section $ $
(5) Subtotal Transfers Out of Agency (Sum of Lines 1-3 and 4A. — 4C.) $ —0—
k. Other Expenditures and Uses [Explain and identify amount(s)]:
Subtotal Other Expenditures and $
Uses —0—
I• Total Expenditures and Other Uses (Sum of lines 4a.-k.) $ 279,006
5 Net Resources Available [End of Year] [Line 3. (Total Resources) minus Line 4.1. (above)] $
1,007,521
6. Other Housing Fund Assets (not included as part of Line 5,.above)'
a. Value of Land Purchased with Housing Funds and Held for Development
of Affordable Housing $ —0=
b. Indebtedness from Deferrals of Tax Increment Set -asides (Sec. 33334.6) $
[refer to Line 5e of Sch-A(s)]).
C. Loans; Receivable for Housing Activities $
d. Residual Receipt Loans (structured for periodic and fluctuating $
payments)
e. ERAF Loans Receivable (all years) (Sec. 33681) $
f. Other Assets [Explain and identify amount(s)]:
9. Total Other Housing Fund Assets (Sum of lines 6a.-f.) $ —0-
7 TOTAL FUND EQUITY [Line 5 (Net Resources Available) + 6g (Total Other Hsg Fund $
Assets] 1,007,521
Compare Line 7 to the amount below from SCO Line 39c (Balance Sheet of Annual Report of
Financial Transactions of Community Redevelopment Agencies. [Explain differences and identify
amount(s)]:
ENTER AMOUNT FROM LINE 39c FROM THE SCO's BALANCE SHEET
California Redevelopment Agencies - Fiscal Year 1999-2000 HCD-C
Sch C (7/i/00) Page 3 of 8
(r (,.
Agency Name: LOS GkWS REDEVELOPMENT AGENCY
Excess Surolus Determination
Pursuant to Section 33080.7, report any excess surplus funds (as defined in Section 33334.12(g)(1)). Excess surplus exists for the
current reporting year, if the Adjusted Balance [Schedule HCD-C, Line 8b,(5)] of the agency's prior year 1998/99 renortine forms
exceeds the greater of: (1) $1,000,000 or (2) the aggregate amount of tax increment deposited into the Fund during the prior four
fiscal years. [See the below Table (Line 8a.) for this renortineyearl.
"Encumber means committing funds pursuant to a legally enforceable contract or agreement for expenditure for authorized
redevelopment housing activities [Section 33334.12(g)(2)]. In accordance with Section 33334.12(g)(3)(A) and (B), the
unencumbered balance maybe adjusted to account for any remaining revenue added from debt proceeds and the difference between
the sales price of land for affordablehousing and its fair market value,
8. Excess. Surplus:
a. Fill in the below table to calculate and track your agency's excess surplus amount(s) for applicable fiscal years.
Total Tax Sum of Tax Adjusted FY 99-00 Amount
Increment Increment Ex ended/Encumbere Remainin
Balance* p g
Deposits to Deposits in Excess Surplus d Against Each FY's Excess Surplus
Fiscal Housing Housing Fund in as of Balance for Each Excess Surplus as of for Each Fiscal
Year Fund Prior Four FYs 7/1/99* FY as of 7/1/99 6130100 Year as of
6130100
95-96 $118 , 20 $ $ $
96-97 $158 , 00 $ $ $
97-98 $ $ $ $
226,60CE 1 1i
98-99 $571,30 _' $ $ $
99-00 h,074,100 $807,700 $ $ $
*Adjusted Balance at the beginning ofFY 99-00 is equal to the amount reported last year on HCD-C, Line
:]�
8b(S).
b. Reporting Year End Unencumbered Balance and Excess Surplus Determination:
(1) Net Resources Available (from Line 5 on previous page): $ 1,007,521
(2) Total Encumbrances (End of Year). See Section 33334.12(g)(2) for a definition. Identify the amount of
Line 8b(l) that was encumbered per agreement or contract by the end of the reporting year): $
(3) Unencumbered Balance (End of Year) [Line 8b(1) minus Line 8b(2)] $ ,0, 'L 1
Designated Amount of Line 8b(3). Portion budgeted for intended project use $ 310
[Refer to item 10 on applicable HCD Sch-A s and item 3 on HCD Sch-BI
Undesignated Amount of Line 8b(3). Portion not budgeted and currently available $� 697
(4) If eligible to adjust the Unencumbered Balance (End of Year) complete the applicable Adjustment(s) below:
(a) Debt Proceeds [33334.12(g)(3)(B)]: $
Note: Only include unspent portion of debt proceeds and related income remaining at reporting year
end
b) Land Conveyance [Sale/Grant/Lease loss from fair market value of LMIHF acquired land, if 49% or $
more of built or rehabilitated units are affordable to lower -income households (33334,12(g)(3)(A))]: _
(5) Adjusted Balance [Line 8b(3) minus 8b(4) and 8b(5)] $1
Note: Adjusted Balance is the 7/1/2000 amount to use In the calculation of next year's excess
c. If you reported an excess surplus for the current reporting year, briefly summarize the agency's plan
(specified in Section 33334,10) for transferring, encumbering, or expending excess surplus:
d. If the plan described in 8c, was adopted, enter the date the plan was adopted:
mo day yr
California Redevelopment Agencies - Fiscal Year 1999-2000 HCD-C
Sch C (7/l/00) Page 4 of 8
Agency Name: Los Gatus Redevelopment Agency
Miscellaneous Uses of Funds
If an amount is reported in 4e., pursuant to Section 33080.4(a)(6), report the total number of very low-, low-, and moderate -
income households that directly benefited from expenditures for onsite/offsite improvements which resulted in either new
construction, rehabilitation, or the elimination of health and safety hazards. (Note: If line 4e, of this schedule does not show
expenditures for improvements, no units should be reported here.)
Households Benefiting
Income
Households
Households
from Elimination of
Level
Constructed
Rehabilitated
Health and Safety
Duration of Deed Restriction
(being)
Hazard
Very Low
12
1
50 years
Low
Moderate
10. If the agency is holding land for future housing development (refer to Line 6a), summarize the acreage (round to tenths, do not
report square footage), zoning, date of purchase, and the anticipated start date for the housing development. n/a
Site Name/Location*
No. of
Acres
Zoning
Purchase
Date
Estimated
Date Available
Comments
Please attach a separate sheet of paper listing any additional sites not reported above.
11. Section 33334.13 requires agencies which have used the Housing Fund to assist mortgagors in a homeownership mortgage
revenue bond program, or home financing program described in that Section, to provide the following information:
a. Has your agency used the authority related to definitions of income or family size adjustment factors provided in Section
33334.13(a)?
Yes ❑ No ❑ Not Applicable [X
b. Has the agency complied with requirements in Section 33334.13(b) related to assistance for very low-income households
equal to twice that provided for above moderate -income households?
Yes ❑ No ,❑ Not Applicable [i
California Redevelopment Agencies - Fiscal Year 1999-2000 HCD-C
sch C (7/l/00) Page 5 of 8
Agency Name: Los Ga°vs Redevelopment Agency
12. Did the Agency use non-LMIHF funds as matching funds for the Federal HOME or HOPE program during the reporting period?
YES ❑ NO []j
If yes, please indicate the amount of non-LMIHF funds that were used for either HOME or HOPE program support.
HOME $ HOPE $
13. Pursuant to Section 33080.4(a)(11), the description of the agency's activities must include the date and amount of all LMIHF
deposits and withdrawals during the reporting period. To satisfy this requirement, the Agency should keep deposit and
withdrawal information on hand to be submitted, upon request, to HCD or any member of the public.
Has your agency made any deposits to or withdrawals from the LMIHF? Yes ❑ No ❑
If yes, identify the document(s) describing the agency's deposits and withdrawals by listing for each document, the following
(attach additional pages of similar information as necessary):
Name of document:
Date of document:
mo day yr
Name of Agency Custodian:
Custodian telephone number:
Where to obtainer copy:
Name of document:
Date of document:
mo day yr
Name of Agency Custodian:
Custodian telephone number:
Where to obtain abopy:
14. Use of Other Redevelopment Funds for Housine
Please briefly describe the use of any non-LMIHF redevelopment funds (i.e., contributions from the other 80% of tax increment
revenue) to construct, improve, assist, or preserve housing in the community. N/A
15. Sueeestions/Resource Needs
Please provide suggestions to simplify and improve future agency reporting and identify any training, information, and/or other
resources, etc. that would help your agency to more quickly and effectively use its housing or other funds to increase,, improve,
and preserve affordable housing? None
California Redevelopment Agencies- Fiscal Year 1999-2000 HCD-C
Sch C (7/li00) Page 6 of 8
Supplement to the Annual Report of Community Redevelopment Agencies
Redevelopment Agency ID Number
43493000
Name of Redevelopment Agency
Los GatosRedevelopment Agency
Address
110 E. Main Street
City, State, Zip
The U. S. Bureau of the Census requests the following information about the fiscal activities of
your government for the 1999-00 fiscal year. Governments furnishing this information will no
longer receive U. S. Bureau of the Census Form F 32, Survey of Local Government Finances. If
you have any questions, please contact:
U. S. Bureau of the Census
Jeff Little
1-800-242-4523
A. Personnel Expenditures
Report your government's total expenditures for salaries and wages during the year, including
amounts paid on force account construction projects.
ZOO 1 $ 953,171.U0
B. Mortgage Revenue Bond Interest Payments
Report your government's total amount of interest paid on mortgage revenue bonds during the
year.
U20 1 $ 0.00
C. Cash and Investments Held at the End of the Fiscal Year
Report separately for each of the three types of funds listed below, the total cash on hand and on
deposit and investments in Federal government, Federal agency, State and local government
and non -governmental securities. Report all investments at par value. Include in the sinking
fund total any mortgages and notes receivable held as offsets to housing and industrial
financing loans. Exclude accounts receivable, value of real property and non -security assets.
1. Sinking funds - Reserve held for redemption of long-term
debt.
WO1
$1,482,533.00
2. Bond funds - Unexpended proceeds from the sale of bond
issues held pending disbursement.
W31
$ 0.00
3. All other funds - Exclude employee retirement funds.
W61
$1,620,163.00
US Bureau of Census - Revised 6100
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F"
CALCULATION OF AVAILABLE REVENUES
AGENCY NAME Town of Los Gatos Redevelopment Agency
PROJECT AREA Central Los Gatos
TAX YEAR 1999-2000
RECONCILIATION DATES, JULY 1, 1992_,_ TO JUNE 30, 2ODD__
Beginning Balance, Available Revenues 1. $0.00
(See Instructions)
Tax Increment Received - Gross 2. $2,123,043.00
All Tax Increment Revenues, to include any Tax Increment
passed through to other local taxing agencies.
All other Available Revenues Received 3. '$296,032.00
(See Instructions)
Revenues from any other source, included
in Column E of the Reconciliation
Statement, but not included in (1-3) above 4. $2,419,075.00
Sum of Lines 1 through 4 544,838,150.00
Total amounts paid against indebtedness
in previous year. (D + E on Reconciliation Statement) 6. $2,042,946.00
Available Revenues, End of Year (5 - 6) 7. $376,129.00
FORWARD THIS AMOUNT TO STATEMENT OF
INDEBTEDNESS, COVER PAGE, LINE 4
NOTES
Tax Increment Revenues:
The only amount(s) to be excluded as Tax Increment Revenue are any amounts passed through to other local taxing
agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set -aside in the Low and Moderate
Income Housing Fund will be washed in the above calculation, and therefor omitted from Available Revenues at year end.
Item 4. above:
This represents any payments from any source other than Tax Increment OR available revenues. For Instance, an agency
funds a project with a bond Issue. The previous SOI included a Disposition Development Agreement (DDA) which was
fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statement as fully repaid under
the "other" column (Col E), but with funds that were neither Tax Increment, nor "Available Revenues" as defined. The
amounts used to satisfy this DDA would be included on line 4 above in order to accurately determine ending "Available
Revenues.
Rev. 7/6/2000