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Home My WebLink About13-01 SARDA Resolution RESOLUTION NO. SARDA 13-01 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY TRANSFERRING ALL HOUSING ASSETS LISTED ON THE HOUSING ASSET LIST TO THE CITY OF TEMECULA AS HOUSING SUCCESSOR AGENCY PURSUANT TO ABX1 26 AND AB 1484 THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Board of Directors of the Successor Agency to the Temecula Redevelopment Agency does hereby find, determine and declare that: A. The Redevelopment Agency of the City of Temecula was a redevelopment agency in the City of Temecula, duly created pursuant to the Community Redevelopment Law, Part 1, commencing with Section 33000, of Division 24 of the California Health and Safety Code (hereafter the "Temecula Redevelopment Agency"). On June 12, 1988, the Board of Supervisors of the County of Riverside adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside County Redevelopment Project No. 1988-1. On December 1, 1989, the City of �� Temecula was incorporated. The boundaries of the Project Area described in the Plan are entirely within the boundaries of the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted Ordinances Nos. 91-08, 91-11, 91-14, and 91- 15 establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over the Plan from the County to the City. Pursuant to Ordinance Nos. 91- 11 and 91-15, the City of Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of July 1, 1991. The Plan has been amended by Ordinance Nos. 94-33, 06-11 and 07-20 adopted by the City Council. The Agency duly adopted its Implementation Plan for 2010-2014 on December 8, 2009 in accordance with Health and Safety Code Section 33490. B. The City Council of the City of Temecula adopted Resolution No. 12-02 January 10, 2012, pursuant to Health and Safety Code Section 34173 and applicable law electing for the City to serve as the Successor Agency for the Temecula Redevelopment Agency upon the dissolution of the Redevelopment Agency of the City of Temecula. The City Council of the City of Temecula, Acting as the Governing Body for the Successor Agency to the Temecula Redevelopment Agency, adopted Resolution No. 12-01 on February 28, 2012 declaring the Successor Agency to the Temecula Redevelopment Agency duly constituted pursuant to law and establishing rules and regulations for the operation of the Successor Agency to the Temecula Redevelopment Agency ("Successor Agency"). C. Pursuant to Health and Safety Code Section 34175(b) and the California Supreme Court's decision in California Redevelopment Association, et al. v. Ana Matosanfos, et al. (53 Cal.4th 231(2011)), on February 1, 2012, all assets, properties, SARDA Resos 13-01 � contracts, leases, books and records, buildings, and equipment of the former Temecula Redevelopment Agency transferred to the control of the Successor Agency by operation of law. D. Pursuant to Health and Safety Code Section 34176(a), the City Council of the City of Temecula (the "City" or "Housing Successor Agency") adopted Resolution No. 12-11 on January 24, 2012 electing for the City to retain the housing assets, as allowed by law, and functions previously performed by the former Agency. � E. Pursuant to Health &Safety Code Section 34176(a)(1), all housing assets of the Successor Agency were transferred to the Housing Successor by operation of law and listed in the Housing Asset Transfer List attached hereto. F. On August 1, 2012, the Successor Agency delivered the complete Housing Asset List ("HAL") to the California State Department of Finance ("DOF") pursuant to the provisions of Health and Safety Code Section 34176(a)(2). On August 31, 2012, the DOF delivered a letter to the Successor Agency in which the DOF disputed two of the housing assets status, per the definition of a housing asset under the provisions of AB 1484. The two housing assets disputed by the DOF include: (1) Housing Asset Transfer List Exhibit A, Item #4 (Diaz Property); and (2) Housing Asset Transfer List Exhibit C, Item #1 (3rd and Front Street). The Successor Agency and Housing Successor Agency disagree with this position of the DOF and are pursuing administrative remedies with DOF to reverse its decision. � G. The DOF confirmed in its letter dated August 31, 2012, that the remainder of the assets listed in the HAL, are housing assets under the definitions in Health and Safety Code Section 34176(e). H. Health and Safety Code Section 34181(c) provides that the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency shall direct the Successor Agency to transfer housing assets to the Housing Successor Agency as appropriate entity pursuant to Health and Safety Code Section 34176 and Health and Safety Code Section 34177(g) directs the Successor Agency to effectuate the transfer of housing functions and assets pursuant to Health and Safety Code Section 34176. I. On January 23, 2012, the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency adopted Resolution OB SARDA 13-01 which formally directed the Successor Agency to transfer all housing assets listed in the HAL to the City as the Housing Successor Agency pursuant to Health and Safety Code Section 34176(a)(2). J. Accordingly, the Board of Directors of the Successor Agency desires to adopt this Resolution approving (i) the transfer to the City as the Housing Successor Agency of the assets identified on the HAL, including those heretofore or hereafter approved or deemed approved by DOF pursuant to Health and Safety Code Section 34176(a)(2), and (ii) the transfer to the Housing Successor Agency all rights, powers, duties, and obligations associated with the housing activities of the former Agency related to the housing assets transferred pursuant to this Resolution. SARDA Resos 13-01 2 Section 2. This Resolution is adopted pursuant to Health and Safety Code Sections 34176 and 34177(g). Section 3. The Board of the Successor Agency hereby approves: (i) the transfer to the City as the Housing Successor Agency of all of the assets identified on the HAL, attached hereto as Exhibit A and incorporated herein as though set forth in full, including those heretofore or hereafter approved or deemed approved by DOF pursuant to Health and Safety Code Section 34176(a)(2), and (ii) the transfer to the Housing Successor Agency all rights, powers, duties, and obligations associated with the housing activities of the former Agency related to the housing assets transferred pursuant to this Resolution. Section 4. The Board hereby designates the Finance Director as the official to whom the DOF inay make requests for review in connection with the housing asset transfer and who shall provide the DOF with the telephone number and e-mail contact information for the purpose of communicating with the DOF. Section 5. The Executive Director of the Successor Agency is hereby authorized and directed to execute and record such documents and instruments on behalf of the Successor Agency and to do any and all other things which he may deem necessary or advisable to effectuate this Resolution. The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify the transfer of any housing asset as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable, including those heretofore or hereafter approved or deemed approved by DOF pursuant to Health and Safety Code Section 34176(a)(2). Any such actions taken by the Executive Director of the Successor Agency that are consistent with this resolution are hereby ratified and confirmed. Section 6. The Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Successor Agency to the Temecula Redevelopment Agency this 12th day of February, 2013. �L.�._ � V ` Michael S. N ar, Chairperson ATTEST: . Susan W. Jone , MMC ity Cler Boar Secretary [SEAL] SARDA Resos 13-01 3 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss � CITY OF TEMECULA ) I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No. SARDA 13-01 was duly and regularly adopted by the Board Members of the Successor Agency to the Temecula Redevelopment Agency of the City of Temecula at a meeting thereof held on the 12th day of February, 2013, by the following vote: AYES: 5 BOARD MEMBERS: Comerchero, Edwards, Roberts, Washington, Naggar NOES: 0 BOARD MEMBERS: None ABSENT: 0 BOARD MEMBERS: None ABSTAIN: 0 BOARD MEMBERS: None � (.tJ, Susan W. Jones, MMC � Ci Clerk/Bo rd Secretary SARDA Resos 13-01 4 EXHIBIT A HOUSING ASSET LIST SARDA Resos 13-01 5 _ _ � DEPARTMENT OF FINANCE i HOUSING ASSETS LIST , ASSEMBLY BILL X1 26 AND ASSEMBLY BILL 1484 (Health and 3afety Code Sectlon 34176) Fortner Redevelopment Agency: Temecula Redevelopment Agency Successor Agency to the Former Redevelopment Agency: Successor Agency to the fortner Temecula Redevelopment Agency Entity Assuming the Housing Functions of the former Redevelopment Agency: City of Temecula Entiry Assuming the Housing Functions Contact Name: Patrick Richardson Title Director of Development Services Phone 951-6946444 E-Mail Address Patrick.RichardsonC�D.citvoftemecula.ora � Entity Assuming the Housing Functions � Contact Name: Genie Wilson Title Chief Financial Officer Phone 951-694-6444 E-Mail Address Genie.Wilsonla�citvoftemecula.om I All assets transferred to the entity assuming the housing functions between February 1, 2012 and the date the exhibits were created are included in this housing assets list. The following Exhibits noted with an X in the box are induded as part of this inventory of housing assets: � Exhibit A- Real Property X � Exhibit B- Personal Property Exhibit C- Low-Mod Encumbrances X ; Exhibit D- Loans/Grants Receivables X � Exhibit E- Rents/Operations X Exhibit F- Rents X Exhibit G - Deferrals X i � Prepared By: Luke Watson � � Date Prepared: 07@612012 � � � t _ � _ Exhibit A - Re21 Property City of Temecula Inventory of Asseta Recelved Pureuant to Nealth and Safety Code section 34178 (a) (2) Y - � I `, , .�,��. � �Construotlon ?�� ! 'Data"o'f I �Intarestln� ; 1 ; '' Is,U�o; cu t �dete ' � �o'r"e fu sltlon 3 ne n .''-''�. � � �'�' �"'°"" „ � .�� . ; > . � . �,. ,., t �; z.,.. „� . � ; ."'s, ��,�x� �:j � P „ •:'' , e�,: �� „t I�f,{,,, n,�4, Y �f.A d40dQ 4 aConuti`uatlon� oeneWWtbi� roslprnpeKy �`� � �s x °� enaumberadtiy, � �i �transferto :ooat(d'nBodE� `orao uisltlon+ i tor 'ulel8on f �or• � o ttnn,to �;.c -. � .,. �� , t . .. , � r , . . t Er�. � �E� i �, -�,Q r,eC, ( p - , � � Total,' ,3queie;lootage r$ eiowmod�„ ` i8uuroebf�low- Ho`usi �;wllh,low,�Mod�' �#coetafun eoals`funded, F$aquletlion.'�• � ur`cKas's; � � 'Leya! TIUe and �Cartying Val'ue � �°square � ��,for low ' � houeingy. � �rtwd houe�ng 8uaeessor � . HeuelnO�Fund; �wlMpther ' twlth noo-RDA� , � ttiy�the3; . { easanient; It01I1,�.. � . , , tu��. .: �,. . . . , ! �.x, .. „ ... � '' r. ,... a . .y u �. , . .. sT� a`ofAeeet el' �� Da�e�l�don . , �� ?oi�Asaet foote e�� " , -� � 8 x� �- F �mndilmuslu t . ,' '� aoovanpqYt� ' : .' , - -'` " � n_'.coxenenti,Ql. .: ! �A'8enof!.. � . :.!uo8Ml8t.� R�AWnda�-, i ifunda.� , , _ ... , �.� Lend 9A0310050, $2;788;435 184,429 184,428 __ > ifoflnor . eta�4 yes Calltomia 85;800,000 07/01l1998 Fae Tltle 940310051. Redevelopmerrt 922054023, �Nr 922054022.92T054021 1 nd 922053020,82205302T $754,500 45,434 38,233 no $154,SW � 12/Zt/1999 FeeTiUe 2 , Land 822082070 S84,OD0 10,370 10,3�0 no 584,000 07/2312009 FeeTltle 3 � LarM 909370002 54,400,388 1,393,920 1,383,920 rro 53,800;000 1994 Fee Title Held 4 tiy C�ry ( wlth com m el spa mlxed-Irxome hou with com�mercial spacelow-mod housing ! I b! Mey Indude Cellfom(e Redevelopmenl Law, tex credita, state bond Indentures, and federel funds requiremerris. � � ! � � . � � t ( t � � _ _ _ Exhibit B - Personal Properly Clty oi Temecula Inventory of Assets Recelved Pursuant to Health end Safety Code sectlon 34176 (a) (2) � 4 ' , ' Date of • i �Acquls(8on� }` � h ' `' � � �(tranafer,to � �coat ftinde'�d� + � ��"�qcqulsiGon� t �Aaqulsidon�� c f � 4 ' " * '* � >., { ''' y � +HOUlsing �w �wlthLOVif Mod ` <,�cosfshfunded CoeteCfUnded � � <�Det90f � . � . .,,..� = s, � $ ,n .�`� .�k u �,a • r r� b , - ` CarryinglValue 8uceeasor ; Housing'?Fuod �.wlthTOther RDAt i: with non- �acquisiQon by . Item � . "•of;qa�t'e/'' iDeacH�lon _ ioflAS'set ,_ �pgendy�.';;� ,monies � funds�„. .qRCAdunds„ 4 the�fomier`RdA 1 2 3 4 6 8 7 8 9 10 � 11 12 , 13 . i 14 � 15 � 16 1 » � 1S � � 19 � 20 1 , i � a/ Asset types any personal properly provided In residences, Induding ; fumiture and appllances, all housing-related flles and loan documents, offlce supplles, soTlware Iicenses, and mapping programs, Ihat were acqulred for low and moderate income housing purposes, either by purchase or through a loan, In whole or in pert, with any source of funds. I i ! i � I _ _ � Exhibit C - Low-Mod Encumbrances Clty of Temecuta Invenlory of Assets Recelved Pursuant to Health and Safety Code sectfon 34778 (a) (2) t z � y� � - .. i •> r ¢. � � � �:� � � r c ' Conatructton or - i ' ,. (? ,�,.� '��; ;> �, '�.`�:..;� � . .: � . r � . ,. ..: �1, � r..., � .. �. �: . . .. . .,,� � ., , x#; .�� . �' To� emouM � �ts?thei'� a �.� � : � � � . .:��° .. 4 �W . -s�`. � � , ,,.��.t:`' �, „, r r � , w.- a ��,. . _. ,. ,_�;: �,��:. � �= z.;::, ,� a �,� ��Nr__ ^� �, tr p�4P,,rtYa'1 �� t� �� 1.. acqrileHtor►•aost ��onaVUallonp ,° r ` ' :of ual '� ' � ; " .� , , ��.. w , . t ,,; . ,,, eu nt •,a; . �.. . sfi "' * �, � � � s � �;i .Type _ t bo ng built Dete�aontract,for , ;;: �. r►e _ iy.� �+ sneum6erad by ' ;' �. � � `. • -', „ �fundud wlthi Conetruatbe or � or utelHon - �Dale of' . ` y .: 4 .. ��°.:.v-S v_c'+��v,. . ._� ry ..�.. . ��. �..., �.�.-.r�., ..9a a , 1:-z�e.�LWSk;-! , ...., 'f.._� '.�:"k ! t. �.�� .. vy'. .« # _ ,h, f..Q., h. d ' � or acqulred witq, �Entomeable ` ` ° owed tor the� ; �a low-mod • ^ Sou�ce`fof,lo. _ � IoW,Mod;�: x , aoquleNlon aoate ` ccants'[undad �canetniotlon:oi, , � -� � ' ` .,, � ,, snfn►aeatily,obllgs[ed' §Otill' tion wae � 'CoMraoluel . . ` :Eniwosatile ` �housin ` ` � � .. , __ , , � , - �.. . �, : A - 6a �__ . J , ,. � ,,._. . _� ..„ z , _ ..,=. � � „�,_;� �,0� < ; rtiod houei.►;0 ( .Current owner ; , Housing Fund• + � faaded wlthe. � with'noRARDA � � `(aoqut�ilJon of `^rtA �.._+, .� � r . a . G .±+�.au. R � 4. ^- ' a-7 ,.4� <_.. r . _.r. � .�+. . �.�.... _�, = s4 ; ^ ..`��ta.� � _ •- ..i�*r_.�.�r3 •z Item,#:s : r� � ..„. Wnds;tals ..<ky,. "� . > `�ezeeuted�,„�.. �mounterP_. ;:n � ,.°�b�tBetlon , g;; ;, �oovenat�t?w ;, . Eeovenept�trl� �. �of,therPC9Ae!hc.` ., `. 'monlae?; '� : 1 uther tiQA�tuntl�'a �1 ( � _�funds i �_ �;;; � a m Front Street Redevebpmen Low-MOd Housing w/ Plaze Pertrrers t Law,.Bcnd Front Street Plazs 1 Commercial S ace. 02/22/Z011 LLC 4,000,000 s Indentures PertnerstLC $4 000 000 01=Mant2 I ma Summerhouse Redevelopmen Sumrtierhouse • Housing , t Lew, Tax Housing 2 Low-Mod Housin 09/22/2009 Assoclates L.P. 1;080,282 Credits Assodtates L:P. . $7,358,333 29-$e g i ma Redevelopmen • t Lew: Tax AMCAL Pujol Credits. Bond AMCAI Ptijol � 3 Low-Mod Housln 02/22/2011 Fund L.P. 1,859.887 s IrWentures Fudn �.P. 56,579;000 23-Dec-.11 i j al May inGude low-mod housing, mixed•Income housing, low-mod houstng with commerdal � space, mixed-incoma housh�g with commerdal apace. I � O/ May Indude Calitomla Redevelopment Law, fex credits, atete bond Indenturea, and federal funds requlrements. � � i � I � • � � i ; i _ _ � I Exhibit D - Loans/Grants Receivables ' Gty of Temecula Inventory of Assets Received Pursuant to Heakh and Safety Code sectlon 34178 (a) (2) p � °i'. i � � r ;4', s'. S � j �� Bf8 1 I .. ' . ., I � � Q�A�C�VB� � � . � ` � " , '; requlrements . i � Waa the Low-Mod� ' � �... Pu►pose�for: z P�� 9 s. ' , � . 'a,Housin 'Fund ' ;' w �,2.. � � �,� s n the , ' � „s�: �,.,�,,., 9, �, h �; �` �° �` �� Pe►eon or�eMity to ': MihlcM the!funds � �Purppses tor which '��'� Repayment date,�if � � ,' ° � " ` , Ciirrent �� . ��` 'amount lasued tor'a �: t�+MwuM otthe 1`oan �, Date the loari or �� eioan or --��were'loaned or �`::�4he funils°,may be ;� the`tunds are.far interest rete, oulatanding loan�, Item# ` : 'loan'ora '►ant7 . , a,graM . _` . : g►eMwas issued ' :graMwaslssued; . :'. 9rented ,. [ , '- �usad? ...r.__ . v �, > JoenE - ; ot.loam; . 6alence Construction/R ehabilitation of D'ALTO Partners Affordable 1 Conditional Loan $ 3 000 000 OSl09/2005 LLC Housin es 08/09/2060 $ 3 000 000 Constructlon/R ehabilitation oi Palomar Heritage Affordable 2 Conditional Loan $ 3.300.000 03128/2006 Buildina LLC Housin es 03/28/2061 $ 3,300,000 Construction/R ehabilitation of 28500 Pujol Street Affordable 3 Conditional Loan $ 2 615 000 07I08l2003 L.P. Housin es 07/14/2058 1�o '$ 3 147 642 ons ru on ehabilitation of Temecula Gardens Affordable , 4 Conditional Loan $ 305 000 07/01/1998 L.P. Housin es 06/30/2028 1°k $ 347 700 j 55 years from the � Construction/R Completion of ( Summerhouse ehabilitation of Construction and I Housing Associates Affordable the issuance of 5 Conditional Loan $ 6,438 595 . 09122I2009 L.P. Housin es Occu an 3% $ 7 886 337 � Constructian/R ehabilitation of Warehouse at Affordable � 6 Conditional Loan $ 6 000 000 08112l2008 Creekside LLC Housin es 08/14/2083 $ 6 000 OOD Construction/R ehabilitation of ' Amcal Pujol Fund Affordable ' 7 Conditional Grant $ 5 579 000 02/22/2011 L.P. Housin es $ 5 579 000 � ConstructioNR ehabilitation of Golem, Todd & Affordable ! 8 Loan $20 000.00 09/20/1999 Christine Housin Yes 09/20/2029 5.00°/a $15 846 I _ � _ � ConstructlonlR � ehabilitation of AHordable ' 9 Loan $22,400.00 OB/OB/2001 Na Linda Housin Yes 08108/2031 5.00% $9.388 ConstructionlR ehabilitation of Affordable 10 Loan $35,053.09 04/21I2009 Weido, Tanya Noel Housin Yes 04/21/2039 5.00% $35,053 ConstructioNR ehabilitation of Deming, Joel and Affordable 11 Loan $40 800.00 05/05l2009 Rene Housin Yes 04/30/2039 5.00% S40 800 Construction/R ehabilitation of AHordable 12 Loan $37 980.q0 05/19l2009 Stoiber, Gretchen Housin Yes 05/19/2039 5.00% $37,980 Constructlon/R ehabilitatfon of � Affordable 13 Loan $56 961.00 O6/23/2009 O'Brien Olaa Housin Yes 06l23/2039 5.00°� $56 961 Construction/R ehabilitation of . Affordable ' 14 Loan $29,700.00 OBNS/2009 Guinto Jocel n Housin Yes 08/15/2039 5.00°h $29700 , ConstructionlR � ehabilitation oi � � Affordable 15 Loan $48,000.00 09/14/2010 SeH Ben amin W Housin Yes 99H4/2040 5.00°� $48 OUQ � Constructfon/R � ehabilitation of Covartubias, Xadrian Affordable � 16 Loan $42 800.00 01/O6/2011 & Giulana Housin Yes 01/08/2041 5.00°� $42 800 ; Construdion/R ` ehabilitation of Affordable 17 Loan $7 500.00 08/08l2007 Edward James Olsen Housin Yes 08/OB/2012 5.00% $9.375 Construction/R ' ehabilitation oi Angel 8 Andelina Affordable 1 B Fo Ivable Loan $4 200.00 08/08/2007 Mammano Housin Yes OB/06/2012 5.00�o $5 250 Constructfon/R � ehabilitation of Affordable 19 For ivable Loan $9 990.00 09/05/2007 Helen Ca ellia Housin Yes 09I05/2012 5.00qo $12 446 i _ _ � Construction/R ehabilitation oi Cayetano & Melinda Affordable � 20 Fo ivable Lqan $3,950.00 09/19/2007 Montano Housfn Yes 09/19/2072 5.00% $4 921 Construction/R ' ehabilitation of � Christina C. Affordable 21 Fo ivable Loan $7.168.00 10/10/2007 Vanderharst Housin Yes 10/10/2012 5.00% 58,898 Construction/R ehabilitation of Affordable 22 For ivable Loan $5 491.00 10/22/2007 Marv Iside Morelli Housinq Yes 10/22/2012 5.00°h SB 818 Construdion/R ehabllitatlon of Affordable 23 Foraivable Loan $6 579.00 10/03/2007 Tracv Cla on Housin Yes 10/03/2012 5.00% $8 169 Construction/R ehabilitation of Marcela 8� Roberto Affordabie 24 Fo ivable Loan $8,788.00 10/30/2007 Navarro Housin Yes 10/30/2012 5.00�o $8 428 � ConstructioNR ehabflitatfon of Affordable 25 Fo Ivable Loan $7 500.00 11H4Y2907 Deborah Hi h Housin Yes 11/14/2012 5.00% $9,281 Construdion/R i ehabilitation of Marquerite and Mary Affordable 28 For ivable Loan $6 810.00 11/19/2007 Martin Housin Yes 11/19/2012 5.00% $8 428 I Construction/R ehabilitation of Alan & Lylliam Affordable � 27 For ivable Loan $8 800.00 01/22/2008 Brandon Housin Yes 01/22/2013 5.00% $B 358 Construction/R ehabilitation of t Affordable 28 For Ivable Loan $7 500.00 02/07/2008 Jose h& Lisa Df iofa Housin Yes 02l07/2013 5.00°k $9 188 Construction/R ( ehabilitation of Affordable 29 For ivable Loan $7 500.00 02/20/2008 Ganf Bello Housin Yes 02/20/2013 5.00% $9 188 i Construclion/R � ehabilitation oi � Clarence & Esther & AffoMable 30 Fo ivable Loan $7 500.00 04/22/2008 Rita Louise Massie Housin Yes 04/22l2013 5.00% $9 125 � _ _ � Construction/R ehabilitation of Sterlyn & Janie Affordable 31 Forqivable Loan $1,094.00 OS/27/2008 Ri sb Housin Yes � 05/27/2013 5.00% $1 327 � ConstructionlR ehabilitatfon of Affordable 32 Fo ivable Loan $7 06/17/2008 Kathaleen McMurra Housin Yes 06117/2013 S.00�o $9.O6a Construction/R ehabilitation of Marvin 8 Mary Affordable 33 Fort�ivable Loan $6,362.50 06/18/2008 Morton Housin Yes 08/18/2013 5.00�o $7 888 Construcdon/R ehabilitation of Affordable 34 Foraivable Loan $7.585.50 O6/18l2008 Pauline Lois Lucas Housin Ye$ Of/18/2Q1� S.QQry $9,166 ConstructionlR • ehabilitation of Affordable 35 For ivable Loan $8 450.19 OB/18/2008 Helen Chichester Housin Yes O6I18/2013 5.00°� $7 794 Construction/R � ehabilitation of Affordable i 36 Fo ivable Loan $4 19Q.00 OB/13/2008 lisa Ybarra Housfn Yes 08/13/2013 5.00% $5,035 � Construction/R ! ehabflitatlon of I Affordable 1 37 Fo ivable Loan $7 376.17 08/21/2008 Rachel Petricka Housin Yes 08/21/2013 5.00�o $8 851 Construction/R ( ehabilitation of i Authur $ Susan Affordable � 38 For ivable Loan $3 342.00 10/13/2008 Whitin Housin Yes 10/13/2013 5.00°h $3 983 Construction/R ; ehabilitation oi ' Affordable , � 39 For ivable Loan $6 448.00 11/O6/2008 Ursula Preston Housin Yes 11I08/2013 5.009t, $7 657 ConstrucGoNR ehabilitation of ( Affordable 4p Fp ivable Loan $7 500.00 11/OB/2008 Thomas Fitz erald Housin Yes 11/06/2013 5.00% $8 906 I Construction/R ehabilitation oi Americo & Angela Affordable � 41 For ivable Loan $3 000.00 12/17/2008 D'Ambrosio Housin Yes 12/17/2013 5.00°� 3 550 � i i f _ _ � Construction/R ehabilitation of Affordable 42 Fo ivable Loan $7,432.00 03l04/2009 Mollie Manuell Housin Yes 03/04/2014 5.00°� $8,702 ' Construction/R ' � ehabilitation of Ahmet & Hulya Affordable 43 Forflivable Loan $7 500.00 03H 7/2009 Baskent Housin Yes 03/17/2014 5.00% $8,781 Constructlon/R ehabilftatfon of Steven 8 Lena Affordable 44 Foraivable Loan $7.495.02 09/15/2009 Mocibar Housin Yes 09/15/2014 5.00°k $8,588 Constructfon/R ehabilitation of Affordable 45 For ivable Loan $7 453.28 08112Y1009 Gretchen L. Stoiber Housin Yes 08H2f2014 5.00% $8.571 ConstructionlR ehabilitation of Affordable 46 Fo ivable Loan $8 720.00 Q7N D/2qp9 Jason Gerber Housin Yes 07/10/2074 5.00°h $7 756 Construction/R I ehabilitation of Eric K. 8 Mary'ory Affordable � 47 Fo ivable Loan $8 536.42 OSH 3/2009 Plain Housi Yes 08H 3l2014 5.00°�. $7 617 � Constructlon/R ehabilitation of � Aftordable 48 Fo ivable Loan $6,153.90 70/20/2009 Shirle Re es Housin Yes 10/20/2014 5.00� $7 028 Construction/R ehabilitation of � Clarence & Doris Affordable 49 Fo ivable Loan $3 059.00 08/09/2009 Elder Housin Yes 08/09/2014 5.00°h $3 544 ' Construction/R � ehabllitation oi � Affordable y 50 Fo Ivable Loan $Z 500.00 07/27l2009 Jesus Mo a Ho�sin Yes 07/27/2014 5.00% $8 858 Constructfon/R � ehabil(tatlon of William 8 Maria Affordable 51 Fo ivable Loan $7 459.70 07/24/2009 Stanton Housin Yes 07l24/2014 5.00°h $8 810 Construction/R ehabilitatlon of Affordable 52 For ivable Loan $5 377.23 O7l27/2009 Enid Gessow Housin Yes 07/27/2014 5.00% $8 206 _ _ _ I ConstructioNR ehabilitation of Jeremy 8 Sueann Affordable 53 Foraivable Loan $10 000.00 08/24I2010 Garzon Housinp Yes 08/24/2015 5.00°h $11 000 Construction/R ehabilitation of AHordable 54 For Ivable Loan $10 000.00 OB/31/2010 Nicole Glenn Housin Yes 08/31f2015 5.00�4 $11 500 Construction/R ehabilitation of Daniel 8 Brandy Affordable 55 Foraivahle Loan 57.319.00 09/18/2010 Williams Housin Yes 09l18/2015 S.00�o $8 021 ConstructionlR ehabilitation of Affordable 56 Forqivable Loan $7,034.12 09116I2010 Reannette Granzow Housina Yes 09/16/2015 5.00°� $7 708 Construction/R • Oscar Uribe Vargas ehabilitation of 8� Martha Vargas Affordable � 57 Fo ivable Loan $7 954.57 10I01/2010 Castro Housin Yes 10/01/2015 5.00% $8 884 Construction/R j ehabilitation of Affordable ' 58 For ivable Loan $10 000.00 10101/2010 Debra Moreno Housin Yes 10(01/2015 5.009�0 $10 917 ConstructioNR ' ehabilftation of � Affordable 59 For ivable Loan $10,000.00 10128/2010 John & Kristin Bobst Housin Yes 10/28/2015 5.00% $10 917 � Construction/R ! ehabflitation of � Luis 8 Maria Aiiordable � 60 For ivable Loan $5 419.00 11102/2010 Escalante Housin Yes 11 /02l2015 5.00% $5 893 Construction/R 1 ehabilitation of Misael E. & Amy S. Affordable i 61 Fo ivable Loan $10,000.00 11/24J2010 Ortiz Housin Yes 11/24/2015 5.00% $10 875 ! Construction/R ehabilitation of ' Rabert 8 Karen Affordable 1 B2 For ivable Loan $9 448.00 12108/2010 Issleib Housin Yes 12/08/2015 5.00�o $10 235 ConstructionlR � ehabilitation of � Brain and Crystal AHordable 63 Fo ivable Loan $8 826.00 01/31/2011 Brau ht Housin Yes 01/31/2018 5.00% $9 309 � � I _ _ _ ConstrucUon/R Shana Brooks- ehabilitation of Schmit & Sebastlen Affordable 64 Forqivable Loan $9.582.00 02/08/2011 Marc-Gu Schmit . Housin Yes 02/OS/2016 5.00% $10,301 Construclion/R � ehabilitation of ' Affordable 65 Fo ivablg Loan $9,880.00 03/07/2011 Robert G. Martinez Housin Yes 03/07/2018 5.00°k $10 580 Constructlon/R ehabilitation of Affordable 66 For ivable Loan $7 973.50 03/14/2011 Michele Alexander Housin Yes 03H4/2016 5.00% $8 538 Constructlon/R ehabilitation of Affordable 67 Fo ivable Loan $8,990.00 04/OB/2071 OI a O'Brien Housin Yes 04/08l2018 5.00°/a $9 589 Construction/R ehabilitation of Affordable 88 For ivableLoan $767625 03H5/2011 JuanitaDiaz Housin Yes 03/15/2016 5.00�o $8220 Construction/R ehabilitation of ' AHordable 69 For ivable Loan $5 766.88 05/12/2011 Jcel 8 Rene Demin Housi Yes 05/12/2016 5.0096 $6 127 ( ConstructioNR i ehabilitation of � Philip 8 Carrie Affordable 70 Fo ivable Loan $10 000.00 03/16/2011 Sanchez Housin Yes 03/18/201B 5.00°k $10 708 � Construction/R � ehabilitation oi Affordable 71 Fo ivable Loan $9 545.00 03/18/2011 Jose & Re ina Diaz Housin Yes 03/1B/2018 5.00% $10,221 � s _ � � Exhibit E - RentslOperations Clty of Temecula Inventory oi Assets Received Pureuant to Health and Safety Code seetion 34176 (a) (2) � �� '� � � � - � � � � � ` � F � " � � � ' � ` Item�M�trom� '�Entilyto which � Is the PropeAy ' �. Exhlbk A dre .' � . , ' � ;Type oi propeRy �' � , ' the eollected ; `Puryose for,i -encumbered� ' �reM/operallon ; with whlch they Entlty thet i paymente are ,' which the :=by aiow-mod- ,. Source'oi low- , ls assocleted " payments are ProPeAY .'. � eolteete the uttimatety. : Paymeots are housing x:, modihouaMg �: wkh (IR Item #�• � . of a � ai�. . , . essociated�W ; owner !' ; ,paymente ' remltted , i used � ., ; eovenai�t? covenant G� _ . ., � applleable) 28500 Housing Housing Califomfa Low-Mod PuJol Successw Successor Affordable Redevelopment 1 Residual Reciept Housinq SVeet L.P. A encv Aqencv Housinq Yes Law Temecula Housing Housing Califomia Annual Compliance Low-Mod Gardens Successor Successor Affordable Redevelopment 2 Monitorinq Fee Housin L.P. Aqenc A enc Housina Yes Law 1 28500 Housing Hausing Califomia Annual Compliance Low-Mod Pujol Successor Successor Affordable Redevelopment 3 Monitorin Fee Housin Street L.P. A enc en Housin Yes Law Cochella Valley Housing Housing California � Mnual Compliance Low-Mod Housing Successor Successor Aftordable Redevelopment 4 Monitorina Fee Housin Coalition A enc A enc Housin Yes Law Creation of � Golem, Housing Housfng maintenance Califomia Principal and Interest Low-Mod Todd & Successor Successor for affordable Redevelopment � 5 from Homeowners Housin Christine A enc A enc housin Yes Law � Creation of � Housing Housing maintenance; Californla � Principal and Interest Low-Mod Successor Successor for affordable Redevelopment 6 from Homeowners Housin Na , Linda enc A enc housin Yes Law Creation of Housing Housing maintenance Califomfa Principal and Interest Low-Mod Weido, Successor Successor for affordable Redevelopment 7 from Homeowners Housin Tan a Noel A enc A enc housin Yes Law Creation of � Deming, Housing Housing maintenance Califomia Principal and Interest Low-Mod Joel and Successar Successor for affordable Redevelopment 8 from Homeowners Housin Rene A enc A enc housin Yes Law � Creation of ! Housing Housing maintenance California Principal and Interest Low-Mod Stoiber, Successor Successor for affordable Redevelopment � 9 from Homeowners Housin Gretchen A enc A en housin Yes Law � . i _ _ _ Creation of Housing Housfng ma(ntenance Californfa Principal and Interest Low-Mod O'Brien, Successor Successor for affordable Redevelopment • 10 from Homeowners Housin OI a A enc Aqen housin Yes Law Creation of Housing Housing maintenance California Principal and Interest Low-Mod Guinto, Successor Successor for affordable Redevelopment 11 from Homeowners Housin Jocel en A en housin. Yes Law Creation of Self. Housing Housing maintenance California Principal and Interest Low-Mod Benjamin Successor Successor for affordable Redevelopment 12 from Homeowners Housin W A enc Aaenc housin Yes Law Creation of Covarrubia Hausing Housing malntenance California Prinapal and Interest Low-Mod s, Xadrtan Successor Successor for aHordable Redevebpment 13 from Homeowners Hausina & Giulana A enc A en housin Yes Law payments from developers, conditional grant repaymenls, costs savings and • '� commerGal space, mixedancome housfng wlth commercial space. i � and federel (urxls requirements. � � � i f I I � i � � � I � i � ' E�ibit F - Rents , j Clty of Temecula I Inventory of Assets Recelved Pureuant to Health and Safety Code secUon 34178 (a) (2) �"^�� ; s �� * � � 3Entity to whfeh } � � " �s,tria proprerly � Item # trom ! .-� �� ^' I t t ;'�� ,,�lfie aollec[edi � p!± 4 S P; f ancu'riitie ed �`°� Faehldlt A'!he rerit� ��^ a, e�YPe of�P►oA�rtS! ipose Mi� +`�'. �. 4 � �a`Y.�.: .. ' . . � �� : �,,� V �� wtth�w�hlch`tt�e?R s r ,��EntltYttVat k.� �PaY!!ients,arex whlohzthe`j; bya!tow'mod� , l9aurce?of�taw - Isiaesoo teif'"r t �, �� , _ ,u.�� ,v->.� a s `� � , � � ` ° G r a erdajare , ,Pro �aollectsxtheY : , Wtimatsly, :; paymeota'�are ` ng �mad tiousin twitii�N€ I �;Y �� ,._ c isF Yn� ,� P6P1Y� r � , hs�o S` -�hGU91 r ¢ ,'. `. 8k !- .�(� ' , � � , " ` 4 q . �, � �.�ka'?rrir < -. Item.#"_. � �of erit�al,�i � ;asscolateel W � ovvner enis, , �; � remittad- :used.. .. ;., ooveaent? � �! .# . _ FeY�.. , _ r: K g §cavenant,•e/, aPpliga6tay� Creation and Califomia Temecula Housing Housing maintenance Redevelopment Gardens Successor Successor of'affordable Law, Bond 1 Ground Lease Rent Low-Mod Housin L.P. A en . en housin � Indentures 1 Creation and , 28500 Housing Housing maintenance CaliTomia PuJol Successor Successor ot affordable Redevelopment ! 2 Residual ReGe t Low-Mod Housin StreetLP. A ' enc housin es Law d j al May InGude rents o� home loan payments. + b/ May InGude low-mod housing, mlxedancome housing, low{nod housing wlth ( commercial space, mixed-Income housfng with commerdal space. 1 G May indude Celifomla Redevelopment Law, tax credits, state bond indentures, and � tederal funds requirements. f � � i � � � , � Exhiblt G - Deferrals � � Clty oi Temecula Inventory of Aaseta Recelved Pursuent to HeaMh and Safety Code sectlon 34178 (a) (2) � ,��` j: . c (..: - _ f "�aa. t � 3t' � ��k� � ��' a�? , � ' � � � �� E ��. � Interest rete � i " � F,lacal yearin� ; � � , �, ,��atvirhich � ? � �� i Data upon �vhiahr � `. ��' t , "^,�� t � � � ,, whlch,fuod�� %AmouM� �� tund"s �� %$ "Curtent� ` � �fue'da were�to�,;be; kemiqz ;, : rP,u ' se;�foi,wifiich,funda wereldeteiretl� , were",defe"r`rei! , �deferredi: ` . ,; follie(repald a ,'amount�owed . '^� '?repaidy . ' . _, 1 HSC 33690 (c 1& HSC 33890.5 c 1 2009201Q $ 4 354 450 $ 4.364.450 2015 2 HSC 33690 c 1 & HSC 33890.5 c 1 2010-2011 $ 898,694 $ 898 504 2015 � ( f i i f i i