City of Culver City, California
Agenda Item Report
Meeting Date: 12/05/2011 Item Number: JC-1
JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM:
Agency Board Receipt and Filing of the State Controller’s Report and Related
Documents for Fiscal Year 2010/2011, and Transmittal of Such Report to the City
Council and State Controller’s Office.
Contact Person/Dept.: John Fisanotti Phone Number: (310) 253-5767
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X] Date: _______________
Public Notification: Meetings and Agendas – City Council (12/01/11); Meetings and
Agendas-Redevelopment Agency (12/01/11)
Department Approval:
Sol Blumenfeld (11/22/11)
City Attorney Approval:
Carol Schwab (by H. Baker) (11/28/11)
Agency General Counsel Approval:
Murray Kane (11/18/11)
Chief Financial Officer Approval:
Jeff Muir (11/29/11)
City Manager/Executive Director Approval:
John Nachbar (11/29/11)
RECOMMENDATION:
Staff recommends that the Redevelopment Agency Board receive and file the
Annual State Controller’s Report for Fiscal Year 2010/2011 (Annual Report), and
transmit the Annual Report to the City Council and the State Controller’s Office;
AND
Staff recommends that the City Council receive and file the Annual Report.
BACKGROUND:
California Community Redevelopment Law (California Health and Safety Code §
33000 et. seq.) requires the Culver City Redevelopment Agency (Agency) to file a
report that includes an independent audit, financial statements, and housing
information with the State Controller’s Office annually within six months of the end of
the Agency’s fiscal year. In Culver City that submission deadline is December 31 of
each year.
The financial audit determines whether the Agency’s financial statements have fairly
presented, in all material respects, its financial position and that the Agency has
complied with applicable laws, regulations, and administrative requirements. The
annual audit is conducted by a licensed independent Certified Public Accountant and City of Culver City, California
Agenda Item Report
is performed in accordance with Government Auditing Standards. This year the
audit was performed by the firm of Moss, Levy & Hartzheim, LLP.
The financial statements identify the Agency’s indebtedness, the amount of tax
revenue received, the amount of tax increment paid to taxing entities, and other
information required by Section 33080.5 of the California Redevelopment Law. The
financial statements are prepared by the City’s Finance Department.
The housing information reports on data specified by the State such as: the number
of elderly and non-elderly households, the number of lower income households, the
number of Agency assisted households, the number of rehabilitated units, the status
of the Low- and Moderate-Income Housing Fund, and other information that explains
the Agency’s housing activities.
The Independent auditor found the Agency to be in compliance with the Health and
Safety Code provisions relating to the Annual State Controller’s Report.
In addition to the financial and housing data, and pursuant to Sections 33080.1 (d),
(e) and (f) of the California Redevelopment Law, Attachments 4, 5 and 6 to this
report are also transmitted to the City Council to receive and file.
The report must be submitted to the State Controller’s Office prior to December 31,
2011. Section 33080.2 of the Health and Safety Code reserves to the City Council
the right to take any action it deems appropriate on these materials up to and
including the first meeting of the City Council which occurs more than 21 days from
the receipt of these materials.
FISCAL ANALYSIS:
There are no additional costs associated with the discussion of this agenda item.
This is an annual requirement that is included in each fiscal year’s work program.
ATTACHMENTS:
1. Housing and Community Development Department Annual Report Forms
(HCD Schedules) for Fiscal Year 2010/2011
2. Financial Transactions Report for Fiscal Year 2010/2011
3. Financial Audit for Fiscal Year 2010/2011 (Includes Audit Compliance Letter
from Moss, Levy & Hartzheim LLP)
4. Blight Progress Report
5. Loan Report
6. Property Report
City of Culver City, California
Agenda Item Report
MOTION:
That the Agency Board:
1. Receive and file the Culver City Redevelopment Agency Annual State
Controller’s Report for Fiscal Year 2010/2011, in accordance with Health
and Safety Code Section 33080; and,
2. Direct the Executive Director to immediately transmit the Annual Report to
the City Council and State Controller before December 31, 2011.
That the City Council:
Receive and File the Culver City Redevelopment Agency’s Annual Report for
Fiscal Year 2010/2011 (including the Blight Progress Report, Loan Report and
Property Report pursuant to Health and Safety Code Section 33080).
MEETING DATE: 12.05.11
AGENDA ITEM: Agency Board Receipt and Filing of the State Controller’s
Report and Related Documents for Fiscal Year 2010/2011,
and Transmittal of Such Report to the City Council and State
Controller’s Office
ATTACHMENTS
Pages
1. Housing and Community Development Department
Annual Report Forms (HCD Schedules) for Fiscal
Year 2010/2011 1-51
2. Financial Transactions Report for Fiscal Year 2010/2011 52-89
3. Financial Audit for Fiscal Year 2010/2011
(Includes Audit Compliance Letter from Moss, Levy &
Hartzheim LLP) 90-139
4. Blight Progress Report 140
5. Loan Report 141
6. Property Report 142
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139CULVER CITY REDEVELOPMENT AGENCY
BLIGHT ALLEVIATION REPORT for FISCAL YEAR 2010-11
Pursuant to Health & Safety Code 33080.1 (d)
The following property was acquired:
12601 West Washington Boulevard was acquired and transferred to the City for use as a
public parking lot
The following properties were demolished:
No properties were demolished.
Other blight alleviating activities include:
• Funding of additional police patrols within the Redevelopment Project Area, to
improve the safety and security of the area. The Agency spent $325,000 on this
effort.
• On March 21, 2011, the Agency entered into a Disposition and Development
Agreement to redevelop 11054-56 West Washington Boulevard to the Los Angeles
Housing Partnership which will develop the site with 33 affordable units and 10,700
s.f. of commercial space. This will complete the redevelopment of this formerly
blighted site.
• At the downtown site known as Parcel B, the Agency issued a Request for Proposals
to redevelop this location and responses from eight development firms were being
evaluated at the close of the fiscal year.
• Sepulveda Boulevard Streetscape project was designed and bid.
• Completed Phase I of the West Washington Area Improvement Plan, advanced work
on Phase II and initiated Phase III.
ATTACHMENT 4
140CULVER CITY REDEVELOPMENT AGENCY
LOAN REPORT for FISCAL YEAR 2010-11
Pursuant to Health & Safety Code 33080.1 (e)
The following loans made by the Agency in excess of $50,000 are either delinquent or
not in compliance with the terms of the loan approved by the Redevelopment Agency:
Property: 9531 Culver Boulevard
Date of Loan: August 1, 2005
Original Principal: $200,000.00
Status: In default as of June 30, 2011
Property: 3865 Cardiff Avenue
Date of Loan: January 31, 2006
Original Principal: $80,000.00
Status: In default as of June 30, 2011
ATTACHMENT 5
141CULVER CITY REDEVELOPMENT AGENCY
REAL PROPERTY REPORT for FISCAL YEAR 2010-20110
Pursuant to Health & Safety Code 33080.1 (f)
None.
ATTACHMENT 6
142