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2001-142-Approving The 2000-01 Annual Report For The Los Gatos Redevelopment AgencyRESOLUTION 2001-142 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS APPROVING THE 2000-01 ANNUAL REPORT FOR THE LOS GATOS REDEVELOPMENT AGENCY WHEREAS: 1. 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. 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. 5. Approval of the 2000-01 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 2000-01 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 I7th day of December, 2001 by the following vote: COUNCIL MEMBERS: AYES: Steven Blanton, Sandy Decker, Steve Glickman, Joe Pirzynski, Mayor Randy Attaway. NAYS: None ABSENT: None ABSTAIN: None SIGNED: MAYOR OF T TOWN OF S GATOS LOS GATOS, CALIFORNIA ATTEST ?-UaA� CCZ3"t� CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS COMPONENT UNIT FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2001 AND 2000 Exhibit A 0 This Page Left Intentionally Blank REDEVELOPMENT AGENCY OF 171E TOWN OF LOS GATOS Component Unit Financial Statements For The Years Ended June 30, 2001 and 2000 TABLE OF CONTENTS Page Independent Auditor's Report........................................................................................................ 1 Component Unit Financial Statements: Combined Balance Sheet - All Fund Types andAccount Groups............................................................................................................ 2 Combined Statements of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types ............................................. 3 Combined Statement of Revenues, Expenditures and Changes in Fund Balance - Capital Project Funds - Budget and Actual ......................................... 4 Notes to Component Unit Financial Statements..................................................................... 5 Combining Balance Sheets - Capital Project Funds............................................................... 8 Combining Statements of Revenues, Expenditures and Changes in Fund Balances - Capital Project Funds........................................................... 9 Combining Statement of Revenues, Expenditures and Changes in Fund Balance - Capital Project Funds - Budget and Actual ......................................... 10 Report On Compliance And On Internal Control Over Financial Reporting Based On An Audit Of Financial Statements Performed In Accordance With Government Auditing Standards ............................ 13 x This Page Left Intentionally Blank hPZE • ASSOCIATES ACCOUNTANCY CORPORATION 1931 San Miguel Drive - Suite 100 Walnut Creek, California 94596 INDEPENDENT AUDITOR'S REPORT (925) 930-0902 FAX (925) 930-0135 E-Mail: maze@mazeassociates.com Website: www.mazeassociates.com To the Governing Board of the Redevelopment Agency of the Town of Los Gatos We have audited the accompanying financial statements of the Redevelopment Agency of the Town of Los Gatos, a component unit of the Town of Los Gatos, as of and for the years ended June 30, 2001 and 2000 as listed in the table of contents. These component unit financial statements are the responsibility of the Agency's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and the standards for financial audits contained in Government Audit Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free of material misstatement. An audit includes examining on a test basis evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As discussed in Note 1, the component unit financial statements present only the Agency and are not intended to present fairly the financial position and results of operations of the Town of Los Gatos in conformity with generally accepted accounting principles. In our opinion, the component unit financial statements referred to above present fairly in all material respects the financial position of the Redevelopment Agency of the Town of Los Gatos as of June 30, 2001 and 2000 and the results of operations for the years then ended, in conformity with generally accepted accounting principles. In accordance with Government Auditing Standards, we have also issued reports dated October 3.1, 2001, on our consideration of the Agency's internal control structure and on its compliance with laws and regulations. -7 October 31, 2001 A Professional Corporation n 0 REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS COMBINED BALANCE SHEETS ALL FUND TYPES AND ACCOUNT GROUPS TUNE 30, 2001 WITH COMPARATIVE AMOUNTS FOR JUNE 30, 2000 TOTALS (Memorandum Only) GOVERNMENTAL FUND, TYPES ACCOUNT GROUPS Capital Debt General General Long - Projects Service Fixed Assets Term Debt 2001 2000 ASSETS Cash and investments (Note 2) $3,744,497 $3,736,911 $7,481,408 $3,102,696 Restricted cash and investments 442,712 442,712 440,001 Intergovernmental receivable 15,816 74,427 90,243 62,486 Parking Lot # 4 Project (Note 4) $4,067,708 4067,708 4,067,708 Amount available in debt service fund $182,675 182,675 286,600 Amount to be provided for retirement of generallong-term debt 2,002,325 2,002,325 2,033,400 Total Assets $3,760,313 $4,254,050 $4,067,708 $2,185,000 $14,267,071 $9,992,891 LIABILITIES Accounts payable $859,733 $36,071 $895,804 $73,255 Advance from Town of Los Gatos (Note 3) 11968,500 1,968,500 Matured bonds and interest payable 18,278 Due to other agencies 505,836 505,836 433,041 Pass through obligations 1,560,968 1,560,968 1,236,147 Certificates of participation,(Note 4) $2,185,000 2,185,000 2,320,000 Total Liabilities 859,733 4,071,375 2,185,000 7,116,108 4,080,721 FUND EQUITY Investment in general fixed assets Fund balances; Reserved for: Low income housing Debt service Designated for debt services Unreserved; undesignated' Total Fund Equity Total Liabilities and Fund Equity. $4,067,708 4,067,708 4,067,708 1,418,614 1,418,614 1,007,521' 442,712 442,712' 440,001 1,481,966 (260,037) 1,221,929 396,940 2,900,580 182,675 4,067,708 7,150,963 5,912,170 $3,760,313 $4,254,050 $4,067,708 $2,185,000 $14,267,071 $9,992,891 See accompanying notes to component unit financial statements 2 REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATI,o COMBINED STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 2001 WITH COMPARATIVE AMOUNTS FOP, THE FISCAL YEAR ENDED JUNE 30, 2000 TOTALS GOVERNMENTAL FUND TYPES (Memorandum Only) Capital Debt Projects Service 2001 2000 REVENUES Property tax increment $3,232,042 $3,232,042 $2,123,043 Interest $270,793 430,063 700,856 350,222 Other 63,161 63,161 Total Revenues 333,954 3,662,105 3,996,059 2,473,265 EXPENDITURES Capital outlay Project costs 1,477,109 1,477,109 1,148,050 Pass through payments 550,657 550,657 451,380 Debt service Principal (Note 4) 135,000 135,000 114,583 Interest (Notes 3 and 4) 594,500 594,500 418,143 Total Expenditures 1,477,109 1,280,157 2,757,266 2,132,156 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (1,143,155) 2,381;948 1,238,793 341,109 OPERATING TRANSFERS Operating transfers in 2,682,723 196,850 2,879,573 1,660,179 Operating transfers (out) (196,850) (2,682,723) (2,879,573) (1,660,179) Total Operating Transfers 2,485,873 (2,485,873) EXCESS OF REVENUES AND TRANSFERS OVER EXPENDITURES 1,342,718 (103,925) 1,238,793 341,109 Fund balances at beginning of year 1,557,862 286,600 1,844,462 1,503,353 Fund balances at end ofyear $2,900,580 $182,675 $3,083,255 $1,844,462 See accompanying notes to financial statements 3 REDEQOPMENT AGENCY OF THE TOWN OF LOS GATOS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CAPITAL PROJECTS FUNDS BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2001 CAPITAL PROJECTS Variance Favorable Budget Actual (Unfavorable) REVENUES Interest $49,000 $270,793 $221,793 Other 63,000 63,161 161 Total Revenues EXPENDITURES Capitaloutlay: Project costs Total Expenditures EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES OPERATING TRANSFERS Operating transfer in Operating transfer (out) 112,000 333,954 221,954 2,028,100 1,477,109 550,991 2,028,100 1,477,109 550,991 (1,916,100) (1,143,155) 772,945 436,800 2,682,723 2,245,923 (196,850) (196,850) EXCESS (DEFICIENCY) OF REVENUES AND TRANSFERS' OVER EXPENDITURES ($1,479,300) 1,342,718 $2,822,018 Fund balances at beginning of year 1,557,862 Fund balances at end of year $2,9009580 See accompanying, notes to component unit financial statements 4 REDEVELOPMENT AGENCY OF ME TOWN OF LOS GATOS Notes To Component Unit Financial Statements NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES A. Description of the Redevelopment Agency and Redevelopment Plan - The Redevelopment Agency of the Town of Los Gatos (the Agency) was created on December 4, 1989 under the provisions of the Redevelopment Law (California Health and Safety Code), for clearance and rehabilitation of areas determined to be in a declining condition in the Project Area. A Redevelopment Plan was adopted on November 25, 1991 to provide an improved physical, social and economic environment in the Central Los Gatos Redevelopment Project Area. As part of the Redevelopment Plan, the Agency entered into agreements with various taxing authorities which required the Agency to pass through portions of incremental property taxes to each taxing authority, Expenditures for these pass -through agreements amounted to $550,657 for the year ended June 30, 2001. In addition, as of June 30, 2001 the Agency owed $1,560,968 in pass -through amounts to other agencies. The Agency is authorized to finance the Plan from various sources, including assistance from the Town, the state and federal governments, property tax increments, interest income and the issuance of Agency debt. The Agency is an integral part of the Town of Los Gatos and, accordingly, the accompanying financial statements are included as a component of the general purpose financial statements prepared by the Town. A component unit is a separate governmental unit, agency or nonprofit corporation which, when combined with all other component units, constitutes the reporting entity as defined in the Town's general purpose financial statements. B. Fund Accounting In the Combined Financial Statements, these funds are grouped into the fund types and categories discussed below. The financial statements for each individual fund in each fund type are presented in the Combining Financial Statements section of this report. GOVERNMENTAL FUNDS Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary and trust funds). Debt Service Funds are used to account for financial resources to be used for the payment of principal and interest on long-term obligations. ACCOUNT GROUPS Account groups are used to establish accounting control for the Agency's general fixed assets and principal of its general long-term obligations. Because these assets and liabilities are long-term they are neither spendable resources nor do they require current appropriation. They are accounted for separately from governmental fund types. C. Basis of Accounting - Refers to when revenues and expenditures are recognized in the accounts and reported in the component unit financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. 5 QEDEVELOPMXNT AGENCY OF THE TOWN OF LOS GATOS Notes To Component Unit Financial Statements NOTE 1- SIGNIFICANT ACCOUNTING POLICIES (Continued) Governmental fund types are accounted for using the modified accrual basis of accounting, under which revenues are recognized when received, or accrued when they become available and measurable as net current assets. Expenditures arerecognized when the related fund liability is incurred. Revenues susceptible to accrual consist principally of intergovernmental revenues. D. Budgets and Budgetary Accounting - The Agency adopts a budget effective July 1 for the capital projects fund. During the year ended June 30,, 2001 the Agency incurred encumbrances which are reported as budgetary expenditures. However, since encumbrances represent commitments on open purchase orders, they are not included as expenditures reported in conformity with generally accepted accounting principles. NOTE 2' - CASH AND INVESTMENTS' Agency cash is included in a Town -wide cash and investment pool. Details of the Town's cash and investment pool are presented in the Town's general purpose financial statements. The Town's investment policy and the California Government Code permit investments in obligations of the U.S. Treasury and its agencies, commercial paper, banker's acceptances, repurchase agreements, certificates of deposit, medium term notes, passbook savings account demand deposits, mutual funds and the State of California Local Agency Investment. Fund. NOTE 3 — ADVANCE FROM THE TOWN During fiscal year ended June 30, 2001 the Town advanced $1,968,500 to the Agency to partially fund operations. The advance bears interest at 10% and is repayable on demand, provided that sufficient tax increment revenue funds are available. For the fiscal year ended June 30, 2001 the Agency paid the Town $196,850 in interest on this advance. NOTE 4 - REEWBURSEMENT AGREEMENT A. Accounting Treatment The Town issued Certificates of Participation (COPs) in the original principal amount of $2,960,000 dated August 1, 1992 to finance certain construction costs of the Town's Parking Lot 4 Project, which was constructed on land within the Central Los Gatos Project Area, The COPS are similar to debt; they allow investors to participate in a share of guaranteed payments which are made by the Town. Because they are similar to debt, the present value of the total of the payments to be made is recorded as long-term debt. Principal payments are due annually on August 1, with interest payments payable semi-annually on February 1 and August 1. The Town has pledged motor vehicle license fee revenues as collateral for the repayment of the Certificates. 9 REDEVELOPMENT AGENCY OF TL TOWN OF LOS GATOS Notes To Component Unit 'Financial Statements NOTE 4 - REBOURSEMENT AGREEMENT (Continued) To assist the Town in paying the cost of the acquisition and construction of the Parking Lot 4 Project, the Town and its Redevelopment Agency entered into a Reimbursement Agreement. Under this agreement, the Agency will use available net tax increment revenues resulting from the Project's effect on land values to repay the Town for all lease payments made by the Town to the Agency under the lease agreement for the Project. Net tax increment revenues are all taxes allocated to and paid into the Redevelopment Agency Capital Projects Fund for the Project Area. Reimbursements under this agreement commenced in fiscal 1995-96. Effective July 1, 1998 the COPS were transferred from the Town's General Long -Term Debt Account Group to the Redevelopment Agency's. In addition, the Parking Lot #4 Project, which was constructed with proceeds of the COPS, has been transferred and included in the Agency's financial statements. B. Activity Changes in general long term debt were as follows: Balance at Balance at Interest Maturity June 30, June 30, Rates Date 2000 Retirements 2001 Certificates of Participation 5%-9% 2012 $2,320,000 $135,000 $2,185,000 Repayment requirements for general long term debt were as follows at June 30, 2001: Certificates of Year Ending June 30 Participation 2002 $246,883 2003 248,738 2004 245,846 2005 247,396 2006 248,236 Thereafter 1,693,738 Total payments due 2,930,837 Less amount representing interest 745,837 Principal amount $2,185,000 The Agency must maintain required amounts of cash and investments with the trustee under the tehns of the COPS issue. These funds are ;pledged as reserves to be used if the Town fails to meet its obligations under the COPs issue. These reserves totaled $442,712 and $440,001 respectively, at June 30, 2001 and 2000. The California Government Code requires these funds to be invested in accordance with Town ordinance, bond indentures or State statutes. All these funds have been invested as permitted under the Code. 7 REDEVQ OPMENT AGENCY OF THE TOWN OF LOS GATOS COMBINING BALANCE SHEETS CAPITAL PROJECTS FUNDS JUNE 30, 2001' WITH COMPARATIVE AMOUNTS FOR JUNE 30, 2000 TOTALS (Memorandum Only). Housing Redevelopment Set Aside 2001 2000 ASSETS Cash and investments $2,091,699 $1,652,798 $3,744,497 $1,620,163 Intergovernmental receivable 15,816 15,816 10,954 Total Assets $2,091,699 $1,668,614 $3,760,313 $1,631,117 LIABILITIES Accounts payable Total' Liabilities FUND EQUITY Fund balances: Reserved for Low income housing. Unreserved, undesignated Total Fund Equity Total Liabilities and Fund Equity $609,733 $250,000 $859,733 $73,255 609,733 250,000 859)733 73,255 1,418,614 1,4'18,614 1,007,521 1,481,966 1,481,966 550,341 1,481,966 1,418,614 2,900,580 1,557,862 $2,091,699 $1,668,614 $3,760,313 $1,631,117 See accompanying notes to component unit financial statements N REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUKE 30, 2001 WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED NNE 30, 2000 REVENUE Interest Other Total'Revenue EXPENDITURES Capital outlay: Project costs Total Expenditures EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES OPERATING TRANSFERS Operating transfer in Operating transfer (out) EXCESS (DEFICIENCY) OF REVENUES AND TOTALS (Memorandum Only) Housing Redevelopment Set Aside 2001 2000 $179,426 $91,367 $270,793 $194,605 63,161 63,161 242,587 91,367 333,954 194,605 1,082,612 394,497 1,477,109 1,148,050 1,082,612 394,497 1,477,109 1,148,050 (840,025) (303,130) (1,143,155) (953,445) 1,968,500 714,223 2,682,723 1,660,179 (196,850) (196,850) TRANSFERS OVER EXPENDITURES 931,625 411,093 1,342,718 706,734 Fund balances at beginning of year 550,341 1,007,521 1,557,862 851,128 Fund balance at end of year $1,481,966 $1,418,614 $2,900,580 $1,557;862 See accompanying notes to financial statements Q 0 REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES' CAPITAL PROJECTSFUNDS BUDGET AND ACTUAL FOR THE YEAR ENDED TUNE 30, 2001 REVENUE Interest Other Total Revenue EXPENDITURES Capital outlay; Project costs Total Expenditures EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES OPERATING TRANSFERS' REDEVELOPMENT HOUSING SET ASIDE Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $179,426 $179,426 $49,000 $91,367 $42,367 $63,000 63,161 161 63,000 242,587 179,587 49,000 91,367 42,367 1,302,600 1,082,612 219,988 725,500 394,497 331,003 1,302,600 1,082,612 219,988 725,500 394,497 331,003 (1,239,600) 0,0251 399,575 (676,500) _ (303,130) 373,370 Operating transfer in 1,968,500 1,968,500 436,800 714,223 277,423 Operating transfer (out) 196,850 (196,850) EXCESS (DEFICIENCY) OF REVENUES AND TRANSFERS OVER EXPENDITURES ($1,239;600) 931,625 $2,171,225 ($239,700) 411,093 $650,793 Fund balances at beginning of year 550,341 Fund balances at end of year $1,481,966 See accompanying notes to component unit financial statements 1,007,521 $1.418.614 10 TOTALS Variance Favorable Budget Actual (Unfavorable) $49,000 $270,793 $221,793 63,000 63,161 161 112,000 333,954 221,954 2,028,100 1,477,109 550,991 2,028,100. 1,477,109 550,991 (1,916,100) (1,143,155) 772,945 436,800 2,682,723 2,245,923 (190,850) (196,850) ($1,479,300) 1,342,718 $2,822,018 1,557,862 $2,900,580 11 z This Page Left Intentionally Blank 12 A(lLUPO & ASSOCIA TES ACCOUNTANCY CORPORATION 1931 San Miguel Drive - Suite 100 Walnut Creek, California 94596 (925) 930-0902 - FAX (925) 930-0135 E-Mail: maze@mazeassociates.com Website: www.mazeassociates.com REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GO VERNMENT A UDITING STANDARDS To the Governing Board of the Redevelopment Agency of the Town of Los Gatos, California We have audited the financial statements of the Redevelopment Agency of the Town of Los Gatos as of and for the year ended June 30, 2001, and have issued our report thereon dated October 31, 2001. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the Agency's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. Those provisions include provisions of laws•and regulations identified by in the Guidelines for Compliance Audits of California Redevelopment Agencies, issued by the State Controller. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered the Agency's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. This report is intended for the information of the Agency Board, management and federal awarding agencies and pass -through entities. However, this report is a matter of public record and its distribution is not limited. October 31, 2001 13 A Professional Corporation x This Page Left Intentionally Blank HCD ANNUAL REPORT OF HOUSING ACTIVITY OF COMMUNITY REDEVELOPMENT AGENCIES FOR FISCAL YEAR ENDED Agency Name and Address: County of Jurisdiction: Los Gatos Redevelopment Agency Santa Clara 110 E. Main Street, Los Gatos, CA 95030 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 (LMIHF) to enable the Department of Housing and Community Development (HCD) to compile and annually publish a report on redevelopment agencies' housing activities in accordance with Section 33080.6. (Note: Pursuant to Section 33080.3, submit this form and, if applicable, all completed HCD Schedules to the State Controller.) Please answer each question below. Your answers determine which HCD SCHEDULES must be completed in order for the agency to fulfill the statutory requirement to report LMIHF 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 formation occurred during reporting year. No financial transactions were completed). ® Active (Financial and/or housing transactions occurred during the reporting year) ❑ Inactive (No financial and/or housing transactions occurred during the reporting year). ❑ Dismantled (Agency adopted an ordinance to dissolve itself). 2. How many adopted project areas did the agency have during the reporting period? 1 How many project areas were merged during the reporting period? 0 If the agency has one or more adopted project areas. complete SCHEDULE HCD-A for each project area. If the agency has no adopted project areas. DO NOT complete SCHEDULE HCD-A. 3. Within an area outside of any adopted redevelopment project area(s): (1) lidd the agency destroy or remove any dwelling units or displace any households over the reporting period, (2) will the agency displace any households over the next reporting period, (3) did theagencypermit the sale of any owner -occupied unit prior to the expiration of land use controls, and/or (4) did the agency execute a contract or agreement. for the construction of any affordable units over the next two years? El Yes (any question). Complete SCHEDULE HCD-B. CE No (all questions). DO NOT complete SCHEDULE HCD-B. 4. Did the agency have any funds in the Low & Moderate Income Housing Fund during the reporting period? Yes. Complete SCHEDULE HCD-C. ❑ No. DO NOT complete SCHEDULE HCD-C. 5. During the reporting period, were housing units completed within a proiect area and/or assisted by the agency outside a project area? [� Yes. Complete all applicable HCD SCHEDULES D1-D7 for each housing project completed and HCD SCHEDULE E. ❑ No. DO NOT complete HCD SCHEDULES D 1-D7 or HCD SCHEDULE E. 6. HCD financial and housing activity infonm#ionhas been reported using the method checked below: Electronic. Report was completed on-line. "Lock Report" date was: . HCD SCHEDULES are not required. Note: "Lock Report" date is shown under "Administrative Area" and "Form History" (https://appl.hcd,ca.gov/rda). ® Forms. All required HCD SCHEDULES A.B. C. D1-D7. and E are attached. To the best of my knowledge, the representations made above and all HCD information reported are correct. Date Signature of Authorized Agency Representative Title Telephone Number SUBMIT THIS FORM AND, IF APPLICABLE, ALL HCD SCHEDULES TO: STATE CONTROLLER Division of Accounting and Reporting Local Government Reporting Section P.O. Box 942850, Sacramento, CA 94250 California Redevelopment Agencies - Fiscal Year 2000.2001 HCD-Cover Cover (7/1//01) Page 1 of I Exhibit B X SCHEDULE HCD-A Inside Project Area Activity for Fiscal Year Ended 6 / 30 / 01 Agency Name: Los Gatos Redevelopment Agencyproject Area Name: �eMW RoseaGatos Redevelopment Preparer's Name, Title arty Woodworth Preparer's E-Mail Address: m000dworth@town.los—gatos. ca.us Redevelopment Manager Preparer's Telephone No: 408/354-68`19 Preparer's Facsiuule Nor 40R/354-7593 GENERAL INFORMATION 1. Project Area Information 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) of any mergers of the project area: N/A, , Identify former project areas that merged: d'. Year(s) project area plan was amended and real property was either: (1) added: N/,A , (2) removed: , 2. Affordable Housing Replacement and/or Inclusionary or Production Requirements (Section 33413). Pre-1'976 project areas not subsequently amended after 1975: Pursuant to Section 33413(d),, only Section 33413(a)seplacement requirements apply to dwelling units destroyed or removed after 1995. The Agency can choose to apply all or part of Section 33413 to a project area plan adopted before 1976. If the agency has elected to apply all or part of Section 33413, provide the date and the applicable Section 33413 requirements addressed in the scope of the resolution. Date: N/A/ / Resolution Scope (applicable Section 33413 requirements):. mo . day yr Post-1975 project areas and geographic areas added by amendment after 1975 to pre-1976 project areas Both the replacement and inclusionary or production requirementsofSection 33413 apply. NOTE: Amounts to report on HCD-A lines 3a(l), 3b-3f, and 3i. can be taken from what is reported to the State Controller's Office (SCO) on the Statement of Income and Expenditures as part of the Redevelopment Agencies Financial Transactions Report, 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: Report the amount of transferred funds on applicable HCD-A, lines 3a-j. For example, report the amount transferred from the Debt Service Fund to the Housing Fund for the deposit of the 20% set -aside by reporting gross tax increment on HCD-A, Line 3a(1) and the Housing Fund's share of expenditures for debt service on HCD-C, Line 4e. Do not report "net" funds transferred from the Debt Service Fund on HCD-A. Line 3a(3) Other Sources Non-GAAP (Generally Acceptable Accounting Principles) 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 2000-2001 HCD-A 5ch A (7/1/01) Page 1 of 6 Agency Name: Los Gatos Redevelopment Agency Project Area Name: Central Los Gatos Project Area Housing Fund Revenues and Other Sources Redevelopment Proect 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 on Line 3 a(1) the full 100% of gross Tax Increment allocated prior to applicable pass through of funds and deductions for fees (refer to Sections 33401, 33446, & 33676). 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 fines 3a(41 and/or 3a(5). complete Line 4 and/or Line 5. To determine the amount of Tax Increment deposited to the Housing Fund [Line 3a(6)], subtract allowable amounts exempted [Line 3a(4)] or deferred [Line 3a(5)] from the actual amount allocated to the Housing Fund [Line 3a(3)]. a. Tax Increment: (1) 100%ofGross Allocation: $ 3,232,042 (2) Required 20% Housing Fund set -aside (Line 3a(1) x 20%): $ 646,408 (3) Actual amount allocated to Housing Fund $ 714 , 223 * * If less than 20% 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, next page): ($ ) (5) Amount Deferred [Health & Safety Code Section 33334.6] (if there is an amount deferred, also. complete question #5, next page): ($ ) (6) Total deposit to the Housing Fund [result of Line 3a(3) through 3a(5)]: $ 714, 223 b. Interest Income: $ 91,367 c. Rental/Lease Income (combine amounts separately reported to the SCO): $ d. Sale of Real Estate: g e. Grants (combine amounts separately reported to the SCO): $ f. Bond Administrative Fees: g g. Deferral Repayments (also complete Line 5c(2) on the next page): h. Loan Repayments: $ i. Debt Proceeds: $ j. Other Revenue(s) [Explain and identify amount(s)]: k. Total Housing Fund Deposits for this Project Area (add lines 3a(6). through 3j.): $ 805,590 California Redevelopment Agencies — Fiscal Year 2000-2001 HCD-A Sch A (7/1/01) Page 2 of 6 X Agency Name: Los Gatos Redevelopment Agency Project Area Name: Central Los Gatos Exemntion(s)` 4. If an exemption was claimed on Line 3a(4) to deposit less than the required amount, complete the following information: Current Resolution # Resolution Date: / /' Date Resolution with facts sent to HCD: / N/'r .- 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 communityto 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 obligations incurred 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 but contracts entered into prior to May 1,1991 may not be subject to the exemption sunset. Date initial finding was adopted: / / Resolution# Date sent. to HCD mo day yr mo day yr ❑ Other: Specify code section and reason: eferral s 5. a. Specify the authority for deferring any set -aside on Line 3a(5). Check only one Health and Safety Code Section boxes: ❑ Section 33334.6(d): Applicable to project areas approved before 1986 in which the required resolution was sent to HCD before September 1986 regarding needing tax increment to meet existing obligations. Existing obligations can include those incurred after 1985, if net proceeds were used to refinance pre-1986 listed obligations. Date initial igiding,was adopted: / / Resolution # Datesent to HCD: / N'� mo day yr mo day yr 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. ❑ Other: Specify code Section and reason: b. If current year findine was adopted for any deferral claimed on lines 3a(5) and 5.a., provide the date: / N14L mo day yr If applicable, identify Resolution # Date sent to HCD: / ' mo day yr c. A deferred set -aside pursuant to Section 33334.6(d) constitutes an indebtedness to the Housing Fund'. Summarize the amount(s) of set -aside deferred over the reporting year and cumulatively as of the end of the reporting year: N/A Amount of Prior. Cumulative Amount Amount Deferred Deferrals a aid Deferred (Net of Any Fiscal Year This Reporting FY During Reporting FY Amount(s) Repaid) (1) Prior Reported FY :" �,�, �{{ N y $ M. (2) This Reporting FY $ $ $ " The cumulative amount of deferred set -aside should also be shown on HCD-C, Line 8a, If the prior FY cumulative deferral shown above differs from what was reported on the last HCD report (HCD-A and HCD-C), indicate the amount of difference and the reason: Difference: $ Reason: California Redevelopment Agencies — Fiscal Year 2000.2001 HCD''-A. Sch A (7/1/01) Page 3 of 6 Agency Name; Los Gatos Redevelopment Agency Deferrals (continued) Project Area Name; Central Los Gatos Redevelopment Project 5. d. Section 33334.6(g) requires any agency which defers set -asides to adopt a plan to eliminate the deficit in -subsequent years. If this agency has deferred set -asides, has it adopted such a plan? Yes [] No N/A If yes, by what date is the deficit to be eliminated? If yes, when was the 2dgM plan adopted for the claimed deferral? Identify Resolution # Date Resolution sent to HCD When was the last amended plan adopted for the claimed deferral? Identify Resolution # Date Resolution sent to HCD mo day yr mo day yr mo day yr mo day yr mo day yr Actual Proiect Area Households Displaced and Units and Bedrooms Lost Over Renortine Year: 6. a. Redevelopment Proiect Activity. Pursuant to Sections 33080,4(a)(1) and (a)(3), report by income category the number of elderly and nonelderly households permanently displaced and the number of units and bedrooms removed or destroyed, over the reporting year, that are subject to the replacement requirements of Section 33413, 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, Other Activity. Pursuant to Sections 33080.4(a)(1) and (a)(3) based on activities other than the destruction or removal of dwelling units and bedrooms reported on Line 6a, report b income category the number of elderly and nonelderly households permanently displaced over the reporting year; NZA Nllmhar of TTn21QAhnlAe Income Level YL L I M AM Total Households Permanently Displaced- Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced - Total c. As required in Section33413.5, identify, over the reporting year, each replacement housing plan required to be adopted before the permanent displacement, destruction, and/or removal of dwelling units and bedrooms impacting the households reported on lines 6a, and 6b. N/A Date mo day yr Date mo day yr Date Name of Agency Custodian Name of Agency Custodian 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 2000-2001 HCD-A Sch A (711/01) Page 4 of 6 z i Agency Name: Los Gatos Redevelopment Agency Project Area Name: Central Los Gatos Redevelopment Estimated Protect Area Households to be Permanently Displaced Over Current Fiscal Year: 7, a, As required in Section 33080.4(a)(2) for a redevelopment project of the agency, estimate, over the current fiscal year, the number of elderly and nonelderly households, by income category, expected to be permanently displaced outside of project area(s). (Note: actual displacements will: be reported next year on Line 6). N/A Fstima4ari APrmanent Yi .QntACPm Ant. N.,--1... .rir a is Income Level VL L M AM Total Households Permanently Displaced - Elderly Households Permanently Displaced - Non Elderly Households Permanently Displaced - Total b, As required in Section 33413.5, for the current fiscal year, identify each replacement housing plan required to be adopted before the pennanent displacement, destruction, and/or removal' of dwelling units and bedrooms impacting the households reported in 7a. Date / /� mo day yr Date mo day yr Date / /,� mo . day yr Name of Agency Custodian Name of Agency Custodian Name of Agency Custodian Please attach a separate sheet of paper listing any additional housing plans adopted'. N/A Emits Developed Inside the Project Area to Fulfill Requirements of Other Project 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. N/A 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? No. EJ Yes. Date initial finding was adopted? /` / Resolution # Date sent to HCD: mo day yr mo day yr Name of Other®®®�� California Redevelopment Agencies —Fiscal: Year 2000-2001 HCD-A Sch A (7/1/01) Page 5 of 6 Agency Name: T... Gatos Redevelopment Agency Project Area Name: Central Los Gatos Redevelopment Project Sales of Owner -Occupied Units Inside the Proiect Area Prior to the Expiration of Land Use Controls 9. Section 33413(c)(Z)(A) specifies that pursuant to an adopted program, which includes but:is not lit uted to an equity sharing program, agencies may permit the sale 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 the unit was sold, expend funds to make another unit equal in affordability, at the same 'income level, to the unit sold. Sales. ❑No ❑Yes Did the agency permit the sale of any owner -occupied units during the reporting year? . N/A $ JTotal Proceeds From'Sales Over Reporting Year Number of Units Income Level VL L M Total Units Sold Over Reporting Year Equal Units. 7No Yes. Were reporting year funds spent to make units equal in affordability to units sold over the last three reporting years? $ Total Proceeds From Sales Over Reporting Year Number of Units Income Level VL L M Total Units Made Equal in Reporting Year to Units Sold Over Reporting Year Units Made Equal In Reporting Year to Units Sold Two Reporting Years Ago Units Made Equal in Reporting Year to Units Sold Three Reporting Years Ao Affordable Units to be Constructed Inside the Project Area Within 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 in order for construction to be completed within two years from the date of the agreement or contract executed over the reporting year..Identify the project and/or contractor, date of the executed agreement :or contract, and estimated completion date. Specify the amount reported as an encumbrance on HCD-C, Line 6a. and/or any applicable amount designated on HCD-C, Line 7a. such as for capital outlay or budgeted funds intended to be encumbered for project use within two years from the reporting year's agreement or contract date. N/A DO NOT REPORT ANY UNITS SHOWN ON SCHEDULES HCD-A OR HCD-Ds.' Col A Name of Project and/or Contractor 22L B Agreement Execution Date Col C Estimated Completion Date (w/In 2 vrs of Col'B Col D Sch C Amount Encumbered Line 6a Col E Sch C Amount Designated Line 7al VL L M Total $ is $ Is $ $ Please attach a separate sheet of paper to list additional information. Califomia Redevelopment Agencies — Fiscal Year 2000-2001 HCD-A Sch A (7/1/01) Page 6 of 6 X SCHEDULE HCD-C' Agency -wide Activity for Fiscal Year Ended 6 / 30 / 01 Agency Name LoG Gatos Redevelopment Agencfounty: Santa Clara Preparer's Name, Title Steve Conway Preparer's E-Mail Address: sconway@town. los—gatos. ca.us Finance Director Preparer's Telephone No: 4081354-6828 Preparer's Facsimile No 4ogJ1,i4-8431 Low & Moderate Income Housine 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 information reported to the State Controller. 1, Beginning Balance (Use "Net Resources Available" from last year's HCD-C) $_ 1,007,521 a. If_BeQinnina Balance requires adiustment(s), identify the reason and amount for each adjustment: Use <$> for negative amounts or amounts to be subtracted $ $ b. Total Adjustment(s) (indicate whether positive or <negative>) $. c. Adjusted Beginning Balance [Beginning Balance plus+ or minus <-> Total Adjustment(s)] $ 1,007,521 2. Project Area(s) Receipts and Housing Fund Revenues a. All Project Areas. Total Deposits (Sum of amount(s) from Line 3k:,HCD-A(s)] $805 , 590 E Other revenues not reported on Schedule HCD-A(s) [Identify source(s) and, amount(s)]: c. Total Housing Fund Revenues $ Total Resources (Line lc. + Line 2a + Line 2c.) $ 1,813,111 NOTES: Many amounts to report as Expenditures and Other Uses (beginning on the next page) should be taken from amounts reported to the State Controller's Office (SCO). Review the SCO's Redevelopment Agencies Financial Transactions Report. Transfers -out to other internal funds: Report the specific use of all transferred funds on applicable lines 4a.-k of Schedule C. 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 HOD-C Line 4c, providing gross tax increment was reported on Sch-As. Any transfers out of the Agency (for example: the transfer of excess surplus funds to a county Housing Authority) should be reported on HCD-C Line 4j(2). 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 HCD-C lines 4b., 4£, 4g., 4h., and 4i as appropriate. The statutory cite pertaining to Community Redevelopment Law (CRL) is provided for preparers to review to determine the appropriateness of Low and Moderate Income Ho rising Fund (LIKIHF) expenditures and other uses. HCD does not represent that line items identifying any expenditures and other uses are allowable. CRL is accessible on Ilse Internet [website. htto://www.leginfo.ca.g_ov/ (California Law)] beginning with Section 33000'of the Health and Safety Code. California Redevelopment Agencies- Fiscal Year 2000-2001 HCD-C sch C (7/i/01), Page 1 of 8 Agency Name: Los Gatos Redevelopment Agency 4. Expenditures and Other Uses a. Acquisition of Property & Building Sites j33334,2(e)(l)l & Housing- '133334 2(e)(6)l; (1) Land Assets (Investment — Land Held for Resale) * $ (2) Housing Assets (Fixed Asset) * $ (3) Acquisition Expense (4) Operation of Acquired Property $ (5) Relocation Costs $ (6) Relocation Payments $ (7) Site Clearance Costs $ (8) Disposal Costs $ (9) Other [Explain and identify amount(s)] $ * Reported to SCO as part of Assets and Other Debts (10) Subtotal Property/Building Sites/Housing Acquisition (Sum of Lines 1 — 9) '$ —0— b. Subsidies from L_ow and Moderate Income _HousinaFund (LMIHF): (1) 1" Time Homebuyer Down Payment Assistance $ (2) Rental Subsidies $ (3) Purchase of Affordability Covenants [33413(b)2(B)] $ (4) Other [Explain and identify amount(s)]; Community.Housing Trust $ 250,000 $ (5) Subtotal Subsidies from LMIHF (Sum of Lines 1— 4) $ 250,000. c. Debt. Service [33334.2(e)(9)1, Report LMIHF's share of debt service. If paid from Debt Service Fund, ensure "gross" tax increment is reported on HCD-A(s) Line 3a(1). (1) Debt Principal Payrnents (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 $ (3) Debt Issuance Costs $ (4) Other [Explain and identify amount(s)]: (5) Subtotal Debt Service (Sum of Lines 1 — 4) $ —0— d. Plannine and Administration Costs_[33334.3(e (1) Administration Costs $ 112,267 (2) Professional Services (non project specific) $ 32,229 (3) Planning/Survey/Design (non project specific) $ (4) Indirect Nonprofit Costs [33334.3(e)(1)(B)] $ (5) Other [Explain and identify atnount(s)]: $ (6) Subtotal Planning and Administration (Sum of Lines 1— 5) $ 144,496 Califomia Redevelopment Agencies - Fiscal Year 2000-2001 HCD-C Sch C (711/01) Page 2 of 8 Agency Name: Los Gatos Redevelopment Agency 4, Expenditures and Other Uses (continued) e, On/Off-Site Improvements [33334,2(e)(2)] Complete item 13 $' f, Housing.Construction [33334.2(e)(5)] $ g, Housing Rehabilitation [33334.2(e)(7)]' $. h. Maintenance of Mobilehome Parks [33334,2(e)(10)] $ i, Preservation of At -Risk Units [33334,2(e)(11)] $ j, Transfers Out of Agency (1) For Transit village Development Plan (33334,19) $ (2) Excess Surplus [33334,12(a)(I)(A)] $ (3) Other (specify code section authorizing transfer and amount) A. Section $ B, Section $ Other Transfers Subtotal $ (4) Subtotal Transfers Out of Agency (Sum of j(1') through j(3)) $ —0— k. Other Expenditures and Uses [Explain and identify amount(s)]: Rounding Adiustmeut $ 1 $ $ Subtotal Other Expenditures and Uses $ —0- 1 Total Expenditures and Other Uses (Sum of tines 4a.-k.) $ 394,497 5, Net Resources Available [End of Reporting Fiscal Year] [Page 2, Line 3, Total Resources minus Total Expenditures and Other Uses on Line 41]''' $ 1, 418 , 614 6, Encumbrances and Unencumbered Balance a. Encumbrances. Amount of Line 5 reserved for future payment of legal contract(s), or agreement(s). See Section 33334,12(g)(2) for definition.. Refer to item 10 on Sch:A(s) and item 4 on Sch-B, -0— b, Unencumbered Balance (Line 5 minus Line 6a)'. Also enter on Page 4, Line 11a. $ 7• Designated/Undesignated Amount of Available Funds a Designated Amountof Line 6b, budgeted/planned to use near -term $ Refer to item 10 on Sch-A(s) and item 4 on Sch-B b, Undesignated Amount of Line 6b. not yet budgeted/planned to use $ —0_ 8. Other Housing Fund Assets (not includedas part of Line 5) a. Indebtedness from Deferrals of Tax Increment (Sec. 33334,6) [refer to Sch-A(s), Line Sc (2)]. $ b, Value of Land Purchased' with Housing Funds and Held for Development of Affordable Housing. Complete Sch-C'item 14. $ c. Loans Receivable for Housing Activities $ d', Residual Receipt Loans (periodic/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 8a.4,) $ —0- 9. TOTAL FTTND F,F7ummine 5 (Net Resources Available) +8q (Total Other 74misinv Fond Asar+tcl$ Compare Line 9 to the below amount reported to the SCO (Balance Sheet of Redevelopment Agencies Financial Transactions Report, [Explain differences and identify amount(s)]: ENTER LOW -MOD FUND TOTAL EQUITIES (BALANCE SHEET). REPORTED TO SCO $' Califomia Redevelopment Agencies - Fiscal. Year 2000-2001 HCD-C'. Sch C (7/l/01) Page 3 of 8' Agency Name: Los Gatos Redevelopment Agency Excess Surplus Pursuant to Section 330803 and Section 33334.12(g)(1), report on Excess Surplus that is required to be detemmned on the first day of a fiscal year. Excess Surplus exists when the Adjusted Balance exceeds the greater ofl (1) $1 000,000 or (2) the aggregate amount of tax increment deposited to the Housing Fund during the four prior fiscal years. Section 33334.12(g)(3)(A) and (B) provide that, the Unencumbered Balance can be adjusted for: '(1) any remaining revenue generated in the reporting year from unspent debt proceeds and (2) if the land was disposed of during the reporting year to develop affordable housing, the difference between the fair market value of land and the value received. The Unencumbered Balance is calculated by subtracting encumbrances from Net Resources Available. "Encumbrances" are funds reserved and committed pursuant to a legally enforceable contract or agreement for expenditure for authorized redevelopment housing activities [Section 33334.12(g)(2)], For Excess Surplus calculation purposes, carry over the prior year's HCD Schedule C Adjusted Balance as the Adjusted Balance on the first day of the reporting fiscal year, Determine which is larger: (1) $1 million or (2) the total of tax increment deposited over the prior four years. Subtract the largest amount from the Adjusted Balance and, if positive, report the amount as Excess Surplus, 10. Excess Surplus: Fill in the below table to calculate Excess Surplus for the reporting year and track the balance of nrior vears' Excess Sumlus. Column 1 Column 2 Column 3 Column 4 Coburn 5 Column Column 7 Sum of Tax Current Current Amount Prior and Total Tax Increment Reporting Year Reporting Year Expended/Encumbered Remaining Excess Current Increment Deposits Over 16° Day 1" Day Against FY Balance of Surplus for Each Reporting Deposits to Prior Four Adjusted Excess Surplus Excess Surplus as of Fiscal Year as of Years Housing Fund FYs Balance Balances End of Reporting Year. End of Reporting Year 4 Years Prior $158,002 $226,560 524 '. $424, 612 Sum of Column 2 bast Year's Sch C $ $ $ $ Col 4 minus: larger $ $ 3 Years Prior 2 Years Prior$319 $ $ 1 Year Prior $ $ Current Adjusted Balance of Cola or $1mm Reporting (report positive S) Year $1,128,698 $1,007,521. $ -0— $ $ 11. Reporting Year Ending Unencumbered Balance and Adjusted Balance: a. Unencumbered Balance (End of Year) [Page 3, Line 6b] $1,418,614 b. If eligible, adjust the Unencumbered Balance for: (1) Debt Proceeds [33334,12(g)(3)(B)]: Identify un_ spent debt. proceeds and related income remaining at end of reporting year $ (2) Land Conveyance Losses [(33334.12(g)(3)(A))]: Identify reporting year losses from sales/grants/leases of land acquired with low -mod funds, if 49% or more of new or rehabilitated units will be affordable to lower -income households 12. Adjusted Balance (for next year's determination of Excess Surplus) [Line l la minus sum of l lb(1) and I lb(2)1 $1, 418, 614 Note: Do not enter Adjusted Balance in Col 4. It is to be reported as next year's 1st day amount to determine Excess Surplus If there is remaining Excess Surplus from what was determined on the first day of the reporting year, describe the agency's plan (as specified in Section 33334.10) for transferring, encumbering, or expending excess surplus: b. If the plan described in 12a. was adopted, enter the plan adoption date: California: Redevelopment Agencies —Fiscal Year 2000.2001 HCD-C Sch C (7/l/01) Page 4 of 8 Agency Name: Los Gatos Redevelopment Agency Miscellaneous Uses of Funds N/A 13, 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 resultedin 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,) Income Level Households Constructed Households Rehabilitated Households Benefiting from. Elimination of Health and Safety Hazard Duration of Deed' Restriction Very Low Low Moderate 14, If the agency is holding land for future housing development, (refer to Line 8b), 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 No. of Purchase Estimated Date Site Name/Location* Acres Zoning Date Available Comments Please attach a separate sheet of paper listing any additional sites not reported above, 15, 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 CS 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 ❑I No ❑ Not Applicable California Redevelopment Agencies - Fiscal Year 2000-2001 HCD-C Sch C (7kl/01) Page 6 of 8 Agency Name: T.os Gatos Redevelopment Agency 16. Did the Agency use non-LMIHF funds as matching funds for the Federal HOME or HOPE program during the reporting period? YES ❑ NO (g-'j If yes, please indicate the amount of non-LMIHF funds that were used for either HOME or HOPE program support. HOME $ HOPE $ 17. 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 [K 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; Name of Agency Custodian: Custodian telephone number: Where to -obtain a copy: Name of document: Date of document: Name of Agency Custodian: Custodian telephone number: Where to obtain a copy: See Attachments 12 / .I3 / 01 mo day yr Town of Los Gatos Los Gatos, CA 95030 mo day yr 18. 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 corrumrnity. N/A 19. 'Suggestlons/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 Year2000-2001 HCD-C 5ch C (7/l/01) Page 7 of 8 z 12/13/01 TOWN OF LOS GATOS ACCOUNTING PERIOD: 6/02 REVENUE TRANSACTION ANALYSIS SELECTION CRITERIA: transact.yr='O1' and transact.fund=1960' FUND - 960 - RDA-LOW/MODERATE HOUSING PROGRAM 9601 - ADMINISTRATION COSTS (14) ACCOUNT DATE T/C RECEIVE REFERENCE PAYER/VENDOR BUDGET RECEIPTS RECEIVABLES DESCRIPTION PAGE 1 48010 INTEREST INCOME (.5-14) 1 /01 06/30/00' 12' 49,000.00' POSTED FROM BUDGET SYSTEM 3 /01 10/13/00 19 SEP022 16,330.00 INTEREST FUND TRANSFER 6 /01 12/31/00 19 DEC4025 20,040.00 QTRLY INT TO FUNDS' 9 /01 03/31/01 19 MAR016 21,140.00 BUS SERVICE FEE QTR 2 13/01 06/30/01 19 P13021 21,530.00 4TH QTR INTEREST TO FUND 13/01 11/16/01 19 P13038 5,916.00 ADJ INVESTMENTS TO FMV TOTAL INTEREST INCOME (5-14) 49,000.00 84,956.00 .00 49501 TAX INCREMENT IN 20* 1 /01 06/30/00 12 436,800.00 POSTED FROM BUDGET SYSTEM' 1 /01 07/20/00 24 CR4161718 - 9,836.76 .00 JUNE 2000 1 /01 07/25/00 19 CR161718 -9,836.76 RDA S3813 JUN00 REIMBMNT 1 /01 07/28/00 19 CR162223' -3,050.63 SB813 TTR - JUNE 2000 1 /01 07/28/00 24 CR#162223 - 3,050.63 .00 SB813 TTR JUNE 2000 2 /01 08/21/00 24 CR#163962 - 1,817.28 .00 SB813 JULY 2000 3 /01 09/25/00 24 CR4166119 - 962.14 .00 SB813 AUGUST 2000 4 /01 10/19/00 24 CR#167569 - 3,444.27 .00 SB813 AUG 2000. 5 /01 11/04/00 19 CR#11002 31,989.60 SEC PROP TAX 1ST ADVANCE 5 /01 11/04/00 19 CR#11001 34,655.40' SEC PROP TAX 2ND ADVANCE 5 /01 11/28/00 24 CR#169611 - 13,169.12' .00 SB813 OCTOBER 2000 6 /01 12/19/00 19 CR#12001 160,231.23' SCC PROP TAX 3RD ADV 6 /01 12/31/00 19 CR#12005 24,709.61 WIRE FOR NOVEMBER 2000 7 /01 01/04/01 19 CR#12004 56,719.06 SCC 12/10/00 4RD ADVANCE 7 /01 01/30/01 24 CR#175504 - 11,711.81 .00 SB813 7 /01 01/31/01 19 CR#01007 12,167.64 12/10/00 SEC FINAL - WIRE 8 /01 02/27/01 24 - 7,812.44 .00 CASH RECEIPTS INTERFACE 9 /01 03/22/01 24 0100017857- 10,560.30 .00 RDASB813 FEBRUARY 2001 9 /01 03/30/01 19 CR#03001 47,401.40 4/10/01 FIRST ADVANCE 10/01 04/20/01 24 0100018015- 8,831.47 .00 SS813 10/01 04/30/01 19 CR#04009 28,354.75 4/10/01 4TH ADVANCE 10/01 04/30/01 19 CR404008 134,2.43.45 4/10/01 THIRD ADVANCE 10/01 04/30/01 19' CR#04007 16,776.90 4/10/01 SECOND ADVANCE 11/01 05/22/01 24 CR#181787 - 7,724.17 .00 SS813 APRIL 2001 12/01 06/19/01 19 CR#06005 13,471.12 SB813 MAY 2001 13/01 06/30/01 19 R4185452 7,381.87 RDA SB813 DUNE 2001 13/01 06/30/01 19 CR406005 68,863.06 4/10/01 SECURED FINAL 13/01 06/30/01 19 R#185202 11,224,80 SS 813 DUNE 2001 TOTAL TAX INCREMENT IN 9'20t 436,800.00 714,222.89 .00 TOTAL ADMINISTRATION COSTS (14') 485,800.00' 799,178.89 .00 TOTAL RDA-LOW/MODERATE HOUSING 485,800.00 799`,178.89 .00 TOTAL REPORT 485,800.00 799,178.89 .00 RUN DATE 12/13/01 TIME 16:01:16 PEI - GOVERNMENTAL RESOURCE SERIES - FUND ACCOUNTANT 12/13/01 TOWN OF LOS GATOS PAGE 1 ACCOUNTING PERIOD: 6/02 EXPENDITURE TRANSACTION ANALYSIS SELECTION CRITERIA: transact.yr= 1 01 1 and transact.fund='960' and transact, account in('614251,1614401,1615001,1721191 FUND - 960 - RDA-LOW/MODERATE HOUSING PROGRAM - 9601 - ADMINISTRATION COSTS (14) ACCOUNT DATE T/C PURCHAS REFERENCE VENDOR BUDGET EXPENDITURES ENCUMBRANCES DESCRIPTION 61425 TOWN LG O/H ®15* OF REV 1 /01 06/30/00 11 1 /01 07/20/00 24 1 /01 07/25/00 19 CR1.61718 1 /01 07/28/00 24 1 /01 07/28/00 19 CRI62223 2 /01 08/21/00 24 3 /01 09/25/00 24 4 /01 10./19/.00 24 - 5 /01 11/04,/00 19 CR#11001 5 /01 11/04/00 19 CR#11002 5 /01 11/28/00 24 - 6 /01 12/19/00 19 CR#12001 6 /01 12/31/00 19 CR#12005 7 /01 01/04/01 19 CR#12004 7 /01 01/30/01 24 7 /01 01/31/01 19 CR#01007 8 /01 02/27/01 24 9 /01 03/22/01 24 9 /01 03/30/01 19 CR#03001 10/0.1'04/20/01 24 10/01 04/30/01 19 CR#04008 10/01 04/30/01 19 CR#04007 10/0.1 04/30/01 19• CR#04009 11/01 05/22/01 24 12/01 06/19/01 19 CR#06005 13/01 06/30/01 19 R#185452 13/01 06/30/01 19 R#185202 13/01 06/30/01 19 CR#06005 TOTAL TOWN LG O/H 015* OF REV 61440 TLG CHARGE SRVCS-HOUSING 9 /01 03/20/01 11 9 /01 03/20/01 19 IV004136 TOTAL TLG CHARGE SRVCS-HOUSING TOTAL ADMINISTRATION COSTS (14) 65,500.00 POSTED FROM BUDGET SYSTEM 1,475.51 JUNE 2000 -1,475.51 RDA SB813 JUN00 REIMBMNT 457.59 SB813 TTR JUNE 2000 -457.59 SS813 TTR - JUNE 2000 272.59 SB813 JULY 2000 144.32 SB813 AUGUST 2000 516.64 SB813 AUG 2000 5,198.31 SEC 'PROP TAX 2ND ADVANCE 4,798.44 SEC PROP TAX 1ST ADVANCE 1,975.37 SB813 OCTOBER 2000 24,034,68 SCC PROP TAX 3RD ADV 3,706.44 WIRE FOR NOVEMBER 2000 8,507.86 SCC 12/10/00 4RD,ADVANCE 1,756.77 SB813 1,825.15 12/10/00 SEC FINAL - WIRE 1,171.87 CASH RECEIPTS INTERFACE 1,584.05 ROASS813 FEBRUARY 2001 7,110.21 4/10/01 FIRST ADVANCE 1,324.72 SB813 20,136.52 4/10/01 THIRD ADVANCE 2,516.54 4/10/01 SECOND ADVANCE 4,253.21 4/10/01 4TH ADVANCE 1,158.62 SB813 APRIL 2001 2,020.67 SB813 MAY 2001 1,107.28 RDA SB813 JUNE 2001 1,683.72 SB 813 JUNE 2001 10,329.46 4/10/01 SECURED FINAL 65,500.00 107,133.44 .0.0 .0,0 SET-UP 5,133,99 CUST43532 P/R JUL-MAF00-1 .00 5,133.99 .00 65,500.00 112,267.43 .00 RUN :DATE 12/13/01 TIME 15:58:52 PEI - GOVERNMENTAL RESOURCE SERIES - FUND ACCOUNTANT I 12/13/0,1 TOWN OF LOS GATOS PAGE 2 ACCOUNTING PERIOD: 6/02 EXPENDITURE TRANSACTION ANALYSIS SELECTION CRITERIA: transact.yr=101' and transact.fund=1960' and transact.account in('61425','61440','61500','72119') FUND - 960 - RDA-LOW/MODERATE HOUSING PROGRAM - 9602 - PROFESSIONAL SERVICES(15) ACCOUNT DATE T/C PURCHAS REFERENCE VENDOR BUDGET EXPENDITURES ENCUMBRANCES DESCRIPTION 61500 CONTRACT SERVICES 1 /01 07/12/00 11 .00 SJR SET-UP 1 /01 07/13/00 17 2001001 MAZ02-MAZE & ASSOCIATES 770.00 AUDIT SERVICES 1 /01 07/14/00 18 2001001 MAZ02-MAZE & ASSOCIATES 770.00 00/01 AUDIT SERVICES 1 /01 07/14/00 18 2001001 MAZ02-MAZE'& ASSOCIATES -770.00 00/01 AUDIT SERVICES 2 /01 08/11/00 17 2001041 APP02-APPRAISAL EXPRESS 350.00 APPRAISAL 5 /01 11/08/00 21 60070 MAZ02-MAZE & ASSOCIATES 3,435.00 .00 FY99-00 RDA AUDIT 6 /01 12/29/00 21 2001001-02 60980 MAZ02-MAZE & ASSOCIATES 107.00 -107.00 REDEVELOPMENT AGENCY 7 /01 01/02/01 21 60917 WILO8-WILLDAN ASSOCIATE 11,040.00 .00 SUBCONSULTANT - PO 7 /01 01/02/01 21 60917 WIL08-WILLDAN ASSOCIATE 8,832.00 .00 SUBCONSULTANT - PO 10/01 04/03/01 21 2001001-02 62258 MAZ02-MAZE & ASSOCIATES 315.00 -315.00 REDEVELOPMENT AGENCY 10/01 04/19/01 21 62991 SEI03-SEIFEL CONSULTING 594.00 .00 LGF-489 3.3 HRS PRINCIPAL 10/01 04/19/01 21 62991 SEI03-SEIFEL CONSULTING 4,201.00 .00 30.01 HRS SR ECONOMIST 10/01 04/19/O1 21 62991 SEI03-SEIFEL CONSULTING 105.,00 .00 SUPPORT STAFF 10/01 04/19/01 21 62991 SE103'-SEIFEL CONSULTING 100.00 .00 1 HR ECONOMIST 10/01 04/24/01 21 62991 SEI03-SEIFEL CONSULTING 2,937.60 .00 PER FEB 2001 TO MARCH 01 12/01 06/12/01 21 63325 SEI03'-SEIFEL CONSULTING 561.99 .00 CONSULTANT NONPROFIT 13/01 08/14/01 21 2001001-02 30JUN01 MAZ02-MAZE & ASSOCIATES .00 -348.0O REDEVELOPMENT AGENCY 13/01 09/27/01 21 2001041-01 CANCEL PO APP02-APPRAISAL EXPRESS .00 -350.00 APPRAISAL TOTAL CONTRACT' SERVICES .00 32,228.59 .00 TOTAL PROFESSIONAL SERVICES(15) .00 32,228.59 .00 RUN DATE 12/13/01 TIME 15:58':53 PEI - GOVERNMENTAL RESOURCE SERIES - FUND ACCOUNTANT 12/13/01 TOWN OF LOS GATOS PAGE 3 ACCOUNTING PERIOD: 6/02 EXPENDITURE TRANSACTION ANALYSIS SELECTION CRITERIA: transact.yr=l01' and transact, Eund='960' and transact. account in '(16142511 614401,1615001,172119, FUND - 960 - RDA-LOW/MODERATE SOUSING PROGRAM - 9604 - REHABILITATION GRANTS(28) ACCOUNT DATE T/C PURCHAS REFERENCE VENDOR BUDGET EXPENDITURES ENCUMBRANCES DESCRIPTION 72119 COMMUNITY HOUSING TRUST 12/01 06/29,/01 11 13/01 07/02/01 21 63664 TOTAL COMMUNITY HOUSING TRUST TOTAL REHABILITATION GRANTS(28) TOTAL RDA-LOW/MODERATE HOUSING TOTAL REPORT 250„000.00 SET-UP HOU05-HOUSING TRUST OF 250,000.00 .00 SCC TRUST ENDOWMENT FY01 250,000.00 250,000.00 .00 250,000.00 250,000.00 .00 315,500.00 394,496.02 .00 315,500.00 394,496.02 .00 RUN DATE 12/13/01 TIME 15:58:53 PEI —GOVERNMENTAL RESOURCE SERIES - FUND ACCOUNTANT SCHEDULE HCD-D1 GENERAL PROJECT/PROGRAMINFORMATION A separate Schedule HCD-DI and all applicable Schedules HCD D2-D7 must be completed for each Housing Project. Agency: Los Gatos Redevelopment Agency Redevelopment Project/Program Area Name, or "Outside"; Central Los Gatos Redevelopment Project Housing Project/Program Name: Miles Avenue Project/Program Address: Street. Cam: ZIP: 31 Miles Avenue Los Gatos 95032 Owner Name: Community Aonsing Developers Tnr Total Project/Program Units # 12 Restricted Units: # 12 Unrestricted Units: # Total Project/Program Bedrooms: #_2— Restricted Bedrooms: # 12 Unrestricted Bedrooms: For projects with no Agency assistance, do not complete any more of HCD-D1 or any of HCD D2-D6. Only complete HCD-D7. Was this a federally assisted multi -family rental project [Gov't Code Section 65863.10(a)(2)]? ❑ YES19 NO Number of units occupied by ineligible households (e.g, ineligible income/# of residents in unit) at FY and #-0— Number of bedrooms occupied by ineligible persons (e.g. Ineligible Income/# of residents in unit) at FY # end _n_ Number of units restricted for special needs: (Number must not exceed "Total Project Units') #_p_ Number of units restricted that are serving one or more Special Needs: # ® Check, if data not available (Note: A unit may serve more than one of the "Special Needs" listed below, therefore the sum of all "Special Needs" can exceed the "Number of Units Restricted for Special Needs') # DISABLED (Mental) # FARMWORKER (Permanent) # TRANSITIONAL HOUSING, DISABLED (Physical) . # FEMALE HEAD'OF HOUSHOLD # ELDERLY. # FARMWORKER (Migrant)' # LARGE FAMILY # EMERGENCY SHELTERS (4 or more Bedrooms) (allowable use only with "Other Housing Units. Provided - Without LMIHF"Sch-D6 Use Restriction Dates enter a propriate dates): Replacement Housing Units Inclusionary Housing Units Other Housing Units Provided' Inside Pro ect Area Outside Project Area With LMIHF Without LMIHF Inception 2001 Termination 2056 Funding Sources: Redevelopment Funds: $ 105.000 Federal Funds $ State Funds: $ Other Local Funds: $ Private Funds:. $ Owner's Equity: $ TCAC/Federal' Award: $_ TCAC/State Award: $ Total Development/Purchase Cost: $ Check all appropriate form(s) listed below that will be used to identify this Project's/Program's Units or Bedrooms: ❑ Replacement Housing Units Inclusionary Units: Other Housing Units Provided: (Sch HCD-D2) ®Inside Project Area (Sch HCD-D3) ❑ With LMIHF (Sch HOD-D5) ❑'Outside Project Area (Sch HCD-D4) ❑ Without LMIHF (Sch HCD-06) ❑ Without any AgencyAssistance (Sch HCD-D7) California Redevelopment Agencies - Fiscal Year 20002001 HCD-D1 Sch D1 (7/1/01) SCHEDULE HCD-D3 INCLUSIONARY HOUSING UNITS INSIDE PROJECT AREA) (units with required affordability restrictions that agency controls) Agency: Los Gatos Redevelopment Agency Redevelopment Project Area Name; Central Los Gatos Redevelopment Project Affordable Housing' Project Name: 31 Miles Avenue. - Los Gatos Creek Village Check only one. if both apply, complete a separate form for each (with another Sch-131): Agency Developed [Z Non-Agencv'Developed Check only one. If both apply, complete a separate form for each (with another Sch-D1): M Rental ❑ Owner -Occupied Enter the number of units for each applicable activity' below: A. New Construction Units: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG, VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. F12 -- ❑ 12 Of Total, Identify the number aggregated from other project areas (see HCD-A(s), Item 8): � B. Substantial Rehabilitation (Post -AB 1290 Definition of Value >25%: Credit for Obligations Since 1994): Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG, VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. l 10f Total, identify the number aggregated from other project areas (see HCD-A(s), Item 8): C. Substantial/Other Rehabilitation (Pre -AB 1290 Definition: Credit for Obligations Between 1976 and 1994): Elderly Units " •. Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW lIMOD TOTAL INELG, VLOW LOW MOD TOTAL INELG. D. Acquisition of Covenants (Post -AB 1290 Reform: Only Multi-Famiiv and Some Other Restrictions): Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. �Q nOI- 0 TOTAL UNITS (Add only TOTAL of all "TOTAL Elderly / Non Elderly Units"): 12 If TOTAL UNITS is less than "Total Project Units" on HCD Schedule DI, report the renraining.units as instructed below. Check all appropriate form(s) listed below that will be used to Identify remaining Project Units to be reported: ❑ Replacement Housing Units ❑ lnclusionary Units (Outside Project Area) Other Housing Units Provided: (Sch HCD-D2) (Sch'HCD-D4) ❑ With LMIHF (Sch HCD-D5) Without LMIHF (Sch HCD-D6) ❑ Without any Agency Assistance (Sch HCD-D7) Identify the number of inclusionary Units which also have been counted as Replacement Units: Elderly Units Non Elderly Units TOTAL Elderly & Non Elderly Units VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. VLOW LOW MOD TOTAL INELG. California Redevelopment Agencies- Fiscal Year 2000-2001 HCD-03 Sch D3 (7/1/01) X SCHEDULE HCD-E CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION BASED ON SPECIFIED HOUSING ACTIVITY DURING THE REPORTING YEAR Agency: Log Gatos -Redevelopment Agency Name of Project or Area (if applicable, list "Outside or "Summary": Central Los Gatos Complete this form to report activity separately by project or area or to summarize activity for the year. Report all new construction and/or substantial rehabilitation units from Forms D2 through D7 that were: (a) developed by the agency and/or (b) developed only in a project area by a nona encyperson or entity. PART I [H&SC Section 33413(b)(1)] AGENCY DEVELOPED UNITS DURING THE REPORTING YEAR BOTH INSIDE AND OUTSIDE OF A PROJECT AREA 1, New Units Developed by the A� _ 2. Substantially Rehabilitated Units Developed by the Agency -0- 3'. Subtotal - Baseline of Agency Developed Units (add lines 1 & 2) -0- 4. Subtotal of Increased Inclusionary Obligation (Line 3 x 30%)-(see Notes 1 and 2 below) -0_ 5, Very Low Inclusionary Obligation Increase Units (Line 4 x 50%0) -0- PART II [H&SC Section 33413(b)(2)] NONA.GENCY DEVELOPED UNITS DURING THE REPORTING YEAR ONLY INSIDE A PROJECT AREA 6. New Units Developed by Any Nona ency Person or Entity 12 7. Substantially,Rehabilitated Units Developed by Any Nonagency Person or Entity 8. Subtotal - Baseline of Nonagency Developed Units (add lines 6 & 7) '12 9. Subtotal of Increased Inclusionary Obligation (Line 8 x 15%) (see Notes 1 and 2 below) 1.8 10. Very -Low Inclusionary Obligation Increase (Line 9 x 40%) 72 PART III REPORTING YEAR TOTALS 11. Total Increase in Inclusionary Obligation (add lines 4 and 9) 1.8 12. Very -Low Inclusionary Obligation Increase (add lines 5 and 10) (Line 12 is a subset of Line 11) .72 1. Section 33413(b)(1), (2), and (4) require agencies to ensure that applicable percentages (30% or 15yo) Of all (market -rate and affordable) "new and substantially rehabilitated dwelling units are made available at affordable housing cost within 10 year planning periods. Market -rate units: units not assisted with low -mod funds and jurisdiction does not control affordability restrictions. Affordable units: coats generally, restricted for the longest feasible time beyond the redevelopment plan's land use controls and jurisdiction controls affordability restrictions. Agency developed units: market -rate units can not exceed 70 percent and affordable units must be at least 30 percent; however, all units assisted with low -mod j fccnds must be affordable. Nona1?ency developed (project area) units: market -rate units can not exceed' 85 percent and affordable units must be at least 15 percent. 2. Production requirements may be met on a project -by -project basis or in aggregate within each 10 year planning period. The percentage of affordable units relative to total units required within each 10 year planning period may be calculated as follows: AFFORDABLE units = Market --rate x 630 or .15) TOTAL units = Market -rate or Affordable (.70 or. 85) (. 70 or .85) (.30or .15) Califomia Redevelopment Agencies - Flscal Year 2000-2001 HCD-E Sch E-1 (7/1/01) C IM coM d j • DOD 7n � I C C 9 E d a Z U. o m 13 Q) V m CL z o a` a) m 3 2 ! 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Z a LL 0 0 LU W W w ¢ W W IFR U) F- m Q U Q a OJ Z OFU N 0 0 0 y L C C � O O P R) N N �v 000PCD,o0O orn0(h NQ(LM00 U i G U U N_ N_ N_ N N - O D O O O O O O LJ U) (0 U) vn rn LcamCcMm fCl (0 (0 l9 (O r .+ r w O 0` 0 0 0 N (Y0 F 0 0 0 U N tC y W W W W N 'C d 0 N to N N O O O O v'9mmmmm ., tOC9o0,C9 a d N N N 0 W O J J J J J Q m U s w M M O 0 Ld co m r7 c C c c o c c CDc c c O C Oc } } } N U U c U r UUUU e~- OO�O d 0)NP(o h N (~D 0 N cO co N c•7 M � r (h r r W r O 0 0 0 O 0 0 0 M 0 P N N r N P r r P P � N N co Y C 7 U. O C M O (0 = U C 00 C �y N N 0 o y o N O (� JO FL E co a. 0 Q o ;o Q r ,o rn N U 3 Ud`w0 C9 _ ^ v Y N 4 P 0 N O O C O C J N C �,m,L OOF (m rna a `o — c 3 � c 2 2 ate° c w W N O O aD v O U c 0 c CL 2 7 °w?'c.ac 0clQQ¢ (Lw QmUOw� STATEMENTS OF INDEBTEDNESS -FISCAL YEAR INDEBTEDNESS ONLY FORM B FILED FOR THE 2001-02 TAX YEAR (Optional) TOWN' OF LOS GATQS REDEVELOPMENT AGENCY CENTRAL PROJECT AREA For Indebtedness Entered Into post June 30, 2001 Purpose of Indebtedness: Q W. co t(D N N O M O N N N tn. Cl). 0 Ln N ? WOrOtD,M �(0000(� tQ to r N001 O Z U _ Q ZU,NrN r C _ � V'0 C �f ai rMaONh CUR) et M'(D (V Ln tA�O 4 Ih M 4) Nr O CMrMN�MnN 0)MIt. NCD to a u. WOQm aa r O '• OQ Z O. a:000M7. W 0 0) r O Q) M N. = ~ r e- M. M N co W ¢ OU dZ U.cr O N to p F- to O. N ey} UO Z MOc00M oIn c c o, E a = w W 1 N r V' ifJ Q E C N O Ac'mE OQZ F-Z to oo to y m U E U Q= U Z th M c d oO c LL U in u�`� LO c U ¢ OQ y O w ,U ^ 0 Me-(ONNO.M �- r O to (O. to o M. r O 8 N Oi to It r N N Mr COr0 tD O} O O '. 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LU W O = W 0 co CD 00 Q 0 X a r 7 LO w $ E P V Z r U¢� ti a w U ¢ �Q O co O O Z 15 V) COO l CM 0 LO w w a U�ca of a m ¢ z¢n pp (np0��OM0O0MOO 00 zWWuo'iNGC0CPOO(�D �Lo 00 rM ZmpNC�toONO0O0co LU M m CO m O Z ¢ O, C y 0 � 0 N 7 -c (jli U Nmm o0 Z E my. ~ '�- �JJ. O' W. U) �, 0.. W' 1- '0:O �' m �o c ¢ a c"a OJ �W C7C9 a� 3 rnrn LU CO W' o o N ro c o o a J J U U¢ w H O O w ui ¢ Z Z C C C C C C C C. C C C C. NO � �JJJJJJJJ'.JJJ� ¢ W ¢ w 4 N N N N N N'N N N N N N U'. VZ UcLa..a..a.a.aa.a..an.�aa O 0: O N LI. J J p-LL z U a W u: (9 =_ -, Y J¢ O J C C C 7 Q N N N N N N N N N N M Qw HU F- WO aV) w 0 cmMEmrnrnrna cm aaaaa.aaaa.azaa P CALCULATION OF AVAILABLE REVENUES TOWN OF LOS GATOS REDEVELOPMENT AGENCY CENTRAL PROJECT AREA TAX YEAR 2001-02 RECONCILIATION DATES: July 1, 2000 to June 30, 2001 1. Beginning Balance, Available Revenues 376,129 2. Tax Increment Received -Gross 3,232,042 All Tax Increment Revenues , to include any Tax Increment pass through to other local taxing agencies 3. All Other Available Revenues Received 672,650 4. Revenues from any other source, included 39.088 in column E of the Reconciliation Statement, but not included in (1-3) above 5. 'Sum of lines 1 through 4 4,319,909 6. Total amounts paid against indebtedness in previous year. (D + E on Reconciliation Statement) 984,532 7. Available Revenues, End of Year (5-6) 3,335,377 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 pass through to other local taxing agencies pursuant to Health and Safety Code Section 33676. Tax IncrementRevenue set -aside in the Low and Moderate Income Housing Fund will be washed in the above calculation, and therefore omitted from Available Revenues at year end. Item 4 above: This represents any payments form 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 and 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".