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HomeMy WebLinkAbout2010-13 UUSD capital outlay URARESOLUTION O. 2010- 13 WHEREAS, 1. The Ukiah Redevelopment Agency (the "Agency") is a public body, corporate and public, duly established and authorized to transact business and exercise powers under and pursuant to the provisions of the Community Redevelopment Law of the State of California (the "Law"), including the power to expend funds for public improvements for the benefit of the Ukiah Redevelopment Project Area ("Project Area"); and 2. The City of Ukiah ("City") is the legislative body for the community in which the Project Area is located and pursuant to Health & Safety Code Section 33445 is required to consent to payments to be made by its Agency for capital improvements; and 3. The Ukiah Redevelopment Plan adopted on November 15, 1989 provides for the funding of public improvements within the Project Area; and 4. The primary source of income to the Agency is "tax increment," which is the portion of ad valorem real property tax that results from the increase in assessed value of real property in the Agency's redevelopment project area over the "base year," which is the year the redevelopment plan is approved. The increment is composed of two parts: the annual 2% increase authorized by Cal. Revenue and Taxation Code Section 110.1(f) ("Inflation Adjustment"), and the increase resulting from reassessment of real property after a sale or after the construction of improvements; and 5. Under a 1990 agreement with Ukiah Unified School District (District), the Ukiah Redevelopment Agency maintains a Capital Outlay Fund for the benefit of the District. Each year after calendar year 1990, also called "the Base Year," the Agency credits the fund with an amount of money equal to the increases in the assessed value of the taxable property in the Agency's redevelopment project area above the sum of the Base Year Roll resulting from the Inflation Adjustment which would have been calculated and paid to District annually if the redevelopment project area had not been established; and 6. Under a 2003 amendment to the original 1990 agreement with Ukiah Unified School District, the District may request annual payments from the District's Capital Outlay Fund, but in amounts as specified in a schedule attached to the 2003 agreement. The Agency is required to disburse requested payment in accordance with Section 3 of the 1990 agreement; and 7. Funds accumulated in the District's Capital Outlay Fund may be used by the District for publically owned capital improvement projects when such improvements are found to be of a benefit to the project area and no other reasonable means of financing such improvements exists; and 8. The District is requesting the release of funds from its Capital Outlay Fund to pay for the cost of renovating or reconstructing their current District Administration Office to a new expanded facility at its current location at 925 North State Street. The request letter from the District is included with the attached Exhibit A and further details the Administration and Education Office Project; and 9. The site for the Ukiah Unified School District Administration and Education Resources Office is located within the Project Area and is on property owned by the District; and 10. The Ukiah Unified School District Administration and Education Resources Office Project (the "Project") is consistent with the Agency's Five Year Implementation Plan and a benefit to the Project Area as detailed in Exhibit A; and 11. Before the City Council may approve a disbursement of Agency funds for a public improvement, the City Council must conduct a public hearing in compliance with Health and Safety Code Section 33679; and 12. Health and Safety Code Section 33679 requires notice of the public hearing to be published for two successive weeks prior to the hearing in a newspaper of general circulation in the City and a summary of the proposal to be available for public inspection during that two week period; and 13.As required by law, notice was published in the Ukiah Daily Journal on March 3, 2010 and March 10, 2010 and a project summary was available for inspection during the required period at the City Clerk's Office (300 Seminary Avenue) and on the City's website (www.cityofukiah.com); and 14. Health and Safety Code Section 33679 requires the City Council to determine the total funds to be disbursed from the fund and to make specified findings before it can approve the disbursement of said funds; and 15. The City Council has considered the factual information provided in Exhibit A and at the hearing conducted on March 17, 2010, in making the findings as set forth below; NOW, THEREFORE, BE IT RESOLVED as follows: 1. The City Council hereby authorizes the Agency disburse funds for the Project from the District's Capital Outlay Fund and other Agency funds set aside specifically for the benefit of the District. 2. The total funds to be disbursed to the District pursuant to paragraph 1, above, shall not exceed $3 million, including not to exceed $2.5 million dollars from the Capital Outlay Fund, which may include, but shall not exceed, tax increment revenue currently credited to the fund and as credited to the fund in future years. 3. The City Manager is directed and authorized to enter a written agreement with the District to assure that the funds are disbursed and used in accordance with this resolution, the Community Redevelopment Law and 1990 agreement, as amended. 4. Based on the facts as set forth in the attached Exhibit A, the City Council hereby finds: a. The renovation/construction of the Ukiah Unified School District Administration and Education Resources Office Project is of benefit to the project area; b. The Project will contribute to the elimination of blight. c. There are no other reasonable means of financing the Project of available to the community. d. The Project is consistent with the Agency's Five Year Implementation Plan, adopted on August 15, 2007. PASSED AND ADOPTED by the Ukiah City Council on March 17, 2010, by the following roll call vote: AYES: Councilmembers Landis, Crane, Rodin, Baldwin, and Mayor Thomas NOES: None ABSTAIN: None ABSENT: None ATTEST: jy ,JoAnne Currie, City Clerk Benj Thomas, Mayor EXHIBIT "A" TO RESOLUTION SUMMARY OF PROPOSED EXPENDITURE OF THE UKIAH REDEVELOPMENT AGENCY FOR THE CONSTRUCTION OF THE NEW UKIAH UNIFIED SCHOOL DISTRICT ADMINISTRATION AND EDUCATION RESOURCES OFFICE PROJECT The City of Ukiah created a redevelopment agency ("Agency"), adopted a redevelopment plan, and established a redevelopment project area in 1989. The Agency uses a portion of property tax revenues to undertake projects and finance improvements to reduce or eliminate blighted conditions in the redevelopment project area. The primary source of income to a redevelopment agency is "tax increment," which is the portion of ad valorem real property tax that results from the increase in assessed value of real property in the Agency's redevelopment project area over the "base year," which is the year the redevelopment plan is approved. The increment is composed of two parts: the annual 2% increase authorized by Cal. Revenue and Taxation Code Section 110, and the increase resulting from reassessment of real property after a sale or after the construction of improvements. Under a 1990 agreement with Ukiah Unified School District (District), the Ukiah Redevelopment Agency maintains a Capital Outlay Fund for the benefit of the District. Each year, the Agency credits the fund with an amount of money equal to the increases in the assessed value of the taxable property in the Agency's redevelopment project area above the sum of the Base Year Roll which would have been calculated and paid to District annually if the redevelopment project area had not been established. Funds accumulated in the District's Capital Outlay Fund may be used by the District for capital improvement projects when such improvements are found to be of a benefit to the project area and no other reasonable means of financing such improvements exists. Under a 2003 amendment to the original 1990 agreement with Ukiah Unified School District, the District may request annual payments from the District's Capital Outlay Fund, but in amounts as specified in a schedule attached to the 2003 agreement. The Agency is required to disburse requested payment in accordance with Section 3 of the 1990 agreement. The 1990 and 2003 agreements are included as Attachments #1 and #2 for review. The District is requesting the release of funds from its Capital Outlay Fund to pay for the cost of renovating or reconstructing their current District Administration Office to a new expanded facility at its current location at 925 North State Street. The property is within the Agency's Project Area and is owned by the District. The request letter from the District is included as Attachment #3 and further details the Administration and Education Office Project. The City and Agency must comply with Health and Safety Code Sections 33679, 33445, and other provisions of Community Redevelopment Law (CRL) before permitting the use of redevelopment funds for the purpose of paying all or part of the value of the land for, and the cost of installation and construction of, any public owned buildings, facilities, or improvements. Accordingly, the City Council as the legislative body of the Agency must conduct a public hearing in compliance with Health and Safety Code Section 33679 before it can approve the disbursement of redevelopment funds for the improvement and construction of buildings to be owned by a public agency. Two weeks prior to conducting the hearing, the City is required to make a summary available for public review. The summary must state the total amount of taxes proposed to be used for the construction of the building and other improvements, and it must include the facts supporting the findings which are required by Health & Safety Code §33445. Those findings are as follows: (1) That the buildings, facilities, structures, or other improvements are of benefit to the project area or the immediate neighborhood in which the project is located. (2) That no other reasonable means of financing the buildings, facilities, structures, or other improvements, are available to the community. (3) That the payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements will assist in the elimination of one or more blighting conditions inside the project. The findings are supported as follows: A. Estimate of taxes proposed to pay for the improvement and construction of the Ukiah Unified School District Administration and Education Resources Office is $3,000,000. B. There is no other reasonable means of financing the construction project. The District intends to finance the project solely through the use of the District's RDA Capital Outlay Funds including the annual tax increment owed to the School District that has currently accrued and if necessary addition increment due from following years up to $3,000,000. C. Facts supporting findings under Health & Safety Code Section 33445. 1. The Ukiah Unified School District Administration and Education Resources Office is of benefit to the project area and contributes to the elimination of blight. i. The site of the current District Office was constructed as a mortuary in 1962 and renovated as the Administration Office in about 1987. Presently, the facility's current condition is deteriorated and inadequate to serve the needs of the District. Construction of the New Ukiah Unified School District facility will benefit its immediate neighborhood and may serve as an impetus for other property improvements. ii. The renovations to the facade of the facility in 1987 were minimal and the addition of a temporary building has contributed to a physically blighted aesthetic. The property is located on North State Street which is a major entry point into Downtown Ukiah and a significant commercial/retail corridor. State Street is specifically identified in the Ukiah Redevelopment Plan as a major thoroughfare in need of beautification. The reconstruction of the blighted building will improve the visual aesthetics of the property and the corridor. iii. The presence of the facility and its approximate onsite workforce of 25 employees will promote and encourage commerce and other purposeful activities in the immediate neighborhood. 2. The Ukiah Unified School District Administration and Education Resources Office is consistent with Ukiah Redevelopment Agency's Redevelopment and Implementation Plans. i. The use of redevelopment funds is consistent with the redevelopment plan adopted by the Agency pursuant to CRL. Specifically, (1) The elimination of blighting influences and the correction of environmental deficiencies in the Project Area, including, obsolete and aged building types, incompatible and uneconomic land uses, substandard, inadequate or deteriorated public improvements and facilities, (2) The replanning, redesign and development of underdeveloped areas which are stagnant or improperly utilized, and (3) The providing of opportunities for participation by owners and tenants in the revitalization of their property. ii. The use of redevelopment funds is consistent with the implementation plan adopted by the Agency pursuant to Health & Safety Code §33490. Specifically, (1) Eliminate and prevent the conditions which lead to the spread of blight by providing the renewal, redevelopment, and restoration of the Redevelopment Project Area, (2) Promote public safety and economic growth through an improved system of streets, utilities, and public facilities, and (3) Plan, design, and develop areas which are currently stagnant or underutilized. Submitted for Public Review on March 3, 2010 by the Ukiah Redevelopment Agency (300 Seminary Ave). For questions or comments, contact Sage Sangiacomo (Assistant City Manager) at (707) 463-6221 or ssangiacomo@cityofukiah.com. Attachment # AG HEI 2 ME LUMH MM*MM AGENCY AND VO UKIAH UWIM SCHC1f3Z, DISTRICT PORSUMT TO HEALTH AMID SAEZ°I.'Y COPE SECTION 33401 THIS P.UMENT (the "Agreement°) is made and entered into this day of January, 1990, by and batwmen the UMH RMEVELOPMENT AGENCY (the 'Agency") and the MMH UNIFIED SCHOOL DISTRICT (the "Distri.ct"). REC.TTUS A. The City Council of the city or uUah (the "City Council") adopted and approved a Redevelopment Plan (the "Redevelopmnt plan") for the M dab Redeveloprent Project, (the "Project") by ordinance No. 895 on November 15, 1989. B. P=Mant to the Ccatimulity Redevelopmnt Law of the State of California (Health and Safety Code Section 33000 et seq.), the Agency is charged with the responsibility of carrying out tiie Redevelopment Plan for the Project, C. The District is a taxing agency with territory located within the boundaries of the Project (the "Project Area"). D. Pursuant to Article XVI, Section 16, of the California Constitution, Section 33670 et seq. of the Health and Safety Code and the Redevelopment Plan, increases in the assessed values of the property within the project Area above the sum of the assessed values as shor,m on the 198990 assessu?nt roll (the "Base Year Hull") will result in that portion of property taxes levied each year on such increases in assessed values being paid to the Agency as tax increm?nts (and not including any amounts paid to affected taxing entities pursuant to Section 33676 of the Health and Safety code) ("Tax 1nanmL++ts") to pay the principal of and interest on loans, nc es advanced to or indebtedness incurred by the Agency to finance or refinance, in whole or in part, redevelopment in accordance with the Fa3evelop ent Plan. E. Section 33401 of the Health and Safety Code allows a redevelopment agency to make any payments necessary to alleviate any f i a3 burden or detriment caused to any affected taxing agency by a redevelopwnt project. F. Section 33945 of the Cm mmity Redevelopm_nt Law provides that a rede'velopunt agency inay, with the consent of the legislative body, pay all or part of the cost of installation and construction of publicly-awned buildings, facilities or isnprovaTents if the legislative body detemmi.nes that such buildings, facilities or improvements are of benefit to the project area and that there are no other reasonable means of financing such buildings, facilities or Improvements. G. Section 33679 of the Comm ity Redevelop rant law provides that prior to =vn tting tax increment mm-das for the purpose of paying all or part of the value of land or the installation and construction of publicly-owned buildings, the -legislative body must prepare a sum:t>ary of such proposed expenditures, hold a hearing and make certain specified findings. H. Section 33678 of the Cammmity Redevelopment law provides that the allocation and payment of tax increment monies to redevelopment agencies shalt not be deemed proceeds of taxes within the meaning of Article =I-s of the California Constitution only if those tax imiorem at monies are used for redevelopment activities which: (l) are redevelopment as defined in Sections 33020 and 3.3021 of the C =mm ity Redevelopment yawj (2) primarily benefit the project area; and (3) are not used for the payment of employee or cantractural services, unless directly related to the purposes of Sections 33020 and 33021 of the Community Redevelopment yaw. 1. The Agency has determined that because it will use funds to increase or improve the supply of low- and moderate-inccus housing within tip City wbich may generate additional students and increase the need for District services, facilities or improvements, certain actions as set, forth below are necessary to alleviate the burden and detriment or potential burden and detriment to the District. J. The purpose of this Agreement is to provide for a procedure pursuant to which the Agency may provide for payments to be made by the Agency to the District to reimburse, and/or pay for, 'part of the cost of land and/or certain capital kgmovements, including buildings, facilities and improvements incidental thereto, and improvements to existing buildings and facilities which are determined by the City Council of the City of Ukiah and the Agency to meet the requirements of't he O ni ty Redevelopment Law. K. The Agency and the District recognize that until specific low- and moderate-incama- housing programs are established, it is not possible to determine at this time which specific services and facilities will be required of the District as a result of the Project. THE AGENM AND THE DISTR= HMMY AGREE AS P€li;EOWS: SEC=CN 1. Definitions. As used herein: a. 11C=mumity Redevelopment yaw" means the California 'Community Redevelopment Law as set forth in California Health and safety code Section 33000 et seq. b. "Final MTR" means the Draft Environmental Impact Report on the Redevelopment. Plan for the Ukiah Redevelopment Project and the comments and responses thereto. c. "Ordinance" Mans Ordinance No. 895 adopted by the City Council on November 15, 1989, approving and adopting the Redevelopment Plan. d. "Project" mans the Dinah Redevelopment Project. e. "Project Area" means the land area within the boundaries of the Ukiah Redevelopment Project as shown and described in the Redevelopment Plan. -2.. f. "Redevelopment Plan" means the Redevelopmant Plan for the Ukiah Redevelopment Project. SEC ON 2. Subject to the conditions and limitations set forth in Sections -3 and 4 of this Agreement, the Agency agrees to- a. Pass 'through to the District increases in the rate of tax imposed for the henefit of the District, which levy occurs after the tax year in which the ordinance becomes effective and b. Set aside in a fund for District capital improvements (the "Capital Outlay Fund") an arrount equal to increases in the assessed value of the taxable property in the Project area above the sum of the Base Year Roll which are, or otherwise would be, calculated and paid annually to the District pursuant to subdivision (f) of Section 110.1 of the Revenue and Ta ration Code, and to make payments to the District from the Capital Outlay Fund in accordance with and subject to the conditions set forth in Section 3 of this Agreen-nte Me Agency shall invest monies held by it in the Capital Outlay Fund. Any interest earned on the Capital Outlay Fund shall accrue to the Capital Outlay Funds c. Explore with the District methods by which the. Capital Outlay Fund could be increased by amounts of Tax Increments which are not required by the Agency for the purpose of other Agency indebtedness or future Agency projects, or amounts required to be set aside for low-- and mderate^incoma housing. SF==q 3. The Agency's obligation to make payments to the District from the Capsta1 Outlay Fund pursuant to Section lob. above is subject to the fo3lowing conditions: a, By L?anuary 1st of each year, the Agency shall. provide to the District a statanent of the funds available as of the and of the previous fiscal year in the Capital Outlay Fund. b. Prior to March lst_of'each year, the District shall present to the Agency a list of prioritized projects which the District has 'found are required by the financial burden or detrinw_nt caused by ,the Project or are projects which benefit the Project Area. c. Prior to July 1st of each year, the Agency and the City Council shall hold a public hearing in accordance with Section 33579 of the city RedeveloDmnt Law. The Agency's review of the proposed projects under this Agreement shall be limited to whether the projects meet the Agency's requiram=nts under the Ca- minity Redevelopment Law. U-v-- Agency shall, approve, those projects which meet the Cwmunity Redevelopent Law, including, bat not limited to, Sections 33401, 33445, 33678 and 33679, which approval shall not be unreasonably withheld, d. in no event shall the Agency's annual payment from the capital outlay Fund to the District required pursuant to the provisions of this Agreement exceed the amunt specified in Section 2.b. of phis Agreement. - 3 - SE=CN 4. In no event shall pats be made to the District by the Agency: ' a. Which violate the expenditure limitation for the District under Article XIII--B of the California Constitution; or b. Which are contrary to the provisions of Sections 33401, 33445, 33678 or 33679 of the Cmmnraity Fedeveloprent Law or violate any other Provision -of the Cammnity RedeveloAnEnt Law or the laws of the state of California. SEMON S. Pursuant to Section. 33334.2 of the Commmity Redevelopamt Law, the Agency musty set aside twenty percent (20%) of its Tax Increments for low- and moderate-sn=ne housing (the "Housing Ftzds"). The Agency agrees to consult: with the District:: on expenditure of the Housing Funds and the impact it may have on the District and to include the District on the Agency's low- and Moderate-Income Housing Cm ttee to be established pursuant to Agency Resolution No. 904-I0. SECTION 6. In order to assist the District with the developnent of additional District facilities and kgprwawnts, the Agency agrees to acquire certain real property located adjacent to the Oak Mawr School from, the "City of Udah for disposition to the District (the "Sales Property"} . The Sales Property is described in the "Description of the Sales Property," attached hereto as Exhibit A and incorporated herein by reference. The Agency's obligation to acquire the Sales Property and convey it to the District shall be in accordance with and subject to the following conditions: a. The Agency agrees to sell the Sales Property to the District for ',a Purchase Price of One Dollar ($1.00). b. The Sales Property is currently used for park purposes, including tennis courts (the "Existing Park Uses and Facilities"). The District covenants and agrees that (1) as long as the Existing Park Uses and Facilities min on the Sales Property, _ shal3Dave Zont use of the Sales Property and the Existing Park Uses and Faa"7ities and~the- District agrees to moan Park Uses and Facilities at the level at which i tly' maintained, and (2) prior to i.strict changing the Existing Park Uses -and Facilities on the Sees Per the District shall. have ~r ~~for the Existing Park Uses and. Facilities on other property with equivalent facilities, including tennis courts, within the general area of the Oast Manor area, except that the number' of parking spaces to be provided shall be determined by .ncy and the Distr' based on the appropriate requirements for the park and school uses Aancy shall have the right to approve, which right shall not be unreasonably withheldr the :Location and the kind of facilities determine zf they are equivalent to the Existing Park Uses and Facilities. Me covenants in this subsection b. shall be included in the grant deed. con ing the Sales Property to the District and shah, without regard to technical classification and designation, be binding for the benefit and in favor of the Agency, its successors and assigns, the City and any successor in interest to the Sales Property or any part thereof. SE=CN 7. In the event that in the future the District becomes a " aid" entity as defined under state law or the current method of state school - 4 - district financing changes in a manner that adversely affects the District's financing due to the existence of the Redevelop m-it Flan, the Agency agrees to meet imneaiately in good faith with the District and attempt to find ways to alleviate such adverse fiscal detriment caused by the Project consistent with the intent of this Agree-ent and also consistent with the ability of the Agency to carry out the Redevelopment Plan. If the District claims such adverse fiscal detrirrent, it shall be obligated to submit written documentation to the Agency showing the nature and extent of such adverse fiscal detriment. sECicN B. The District agrees to authorize the Agency to subordinate its xn hereon ' and to allow the Agency to pledge all or any portion of the Tax Increments otherwise payable to the District under this Agreement in order to secure the repayment of Agency indebtedness incurred for the Project; provided the Agency damonstorates, to the reasonable satisfaction Of the District, its ability to maize payments due to the District under the terns of. this Agreement. Nothing in this Agreement shall gave the District the right to approve Agency indebtedness, except as the Agency may request the District to subordinate its rights to payments under this Agreement. SEMoN 9. 2'ni.s Agreement shall constitute an indebtedness of the Agency in carrying out the Project and a pledging of flax Increments from the Project to repay such indebtedness under the provisions of Article XVI, Section 16, of the California. Constitution and Sections 33670-33677 of the Health and Safety Coda. SECTION 10. Section 2.b. of this Agreement is conditioned upon the District xescinding its resolution to elect to receive the increases pursuant to Health and Safety Code Section 33676(a). This Agreement shall be effective as of the date that the Agency executes this Agreement or the District rescinds its resolution to receive the increases pursuant to Health and Safety Cade Section 33676(a), whichever occurs later. Si7GWON 11. The Agency and the District agree not to file and the District agrees not to engage in any litigation to directly or indirectly test or challenge the validity of the Project, the Redevelopment Plan, the Final E1R, the ordnance o ..s-Kgi ;however, this Section shall not preclude the Agency from I - bating a bond validation suit if it is deemed necessary by the Agency to assure adequate financing for the Project. SEMCN 12. In the event litigation is initiated by any party attacking the validity of the Redevelopment Plan, the Project, the Final EIR or the ordinance, the effect of this Agreement shall be suspended and the Agency shall not have any abligat ons under this Agreement until a judgment beccmes finial upholding the validity of the Redevelopment Plan, the Project, the Final EIR or the ordinance. SBMON 13. This agreement shall terminate upon the earlier of the expiration or termination of the Redevelopment Plan or of the provisions of the RedevelcpTa t Plan authorizing the allocation to the Agency of tax increments for the Project. Upon terminaticm of this Agreement, all obligations of the Agency to make payments to the Djsts~t shall cease. - S - TN WZTMSS WFMF, the Agency and the District have executed this Agramnant as of the date first above written. R:URA - 6 T " ' ~L x a w -tom-- Lt. ; o UJ 0 a a. f Q 43 r3 F't ,fP9Dt G Q z 5 N ~ tp Q y m 123 HIS f9909 1 1 7 EXHIBIT A Attachment AGREEMENT AND RELEASE Ukiah Unified School District ("UUSD"), a unified school district of, the State of California, and the Redevelopment Agency of the City of Ukiah ("RDA"), a redevelopment agency of the State of California, enter this settlement Agreement and General Release ("Agreement") in Ukiah, Mendocino County, California. RECITALS 1. In January 1990, UUSD and the RDA entered an agreement regarding redevelopment pursuant to Health and Safety Code Section 33401 t"the Redevelopment Agreement"). 2. Pursuant to Section 2.b of the Redevelopment Agreement, the RDA agreed to set aside in a "Capital Outlay Fund" for capital improvement projects within UUSD and the redevelopment project area an amount equal to the increases in the assessed value of the taxable property in the RDA's redevelopment project area above the sum of the Base Year Roll which would have been calculated and paid to UUSD annually, if the redevelopment project area had not been established. These amounts shall be referred to herein as "the set aside." 3. The RDA recently discovered that it had committed an error in calculating the amount of money that should have been set aside in UUSD`s Capital Outlay Fund pursuant to the Redevelopment Agreement. Less than the ` t full amount required by the Redevelopment Agreement has been set aside since € the Base Year in 1990. IfE AGREEMENT 4. The parties agree that the RDA shall recalculate the amount of the set aside for all tax years since 1990, and shall set aside in the Capital Outlay Fund additional funds for those years equal, to the difference between 1 Agr.UUSD.112002 November 20, 2002 the amount already set aside and the amount that should have been set aside using the correct calculations. (The corrected calculations for each year and the total additional amount owing for those years is set forth in the attached Exhibit A.) In addition, the RDA agrees to correctly calculate the set aside amount for tax year 2000 and every future year to which the Redevelopment Agreement applies. 5. The RDA agrees to disburse to UUSD in fiscal year 2004-05, $992,205 for capital improvement identified by UUSD for the Oak Manor modernization project, in accordance with Section 3 of the Redevelopment Agreement. Thereafter, UUSD may request annual payments from the RDA as indicated in estimated calculation in Exhibit A, headed: URA Payment to UUSD, including, beginning on Ouly 1, 2006, payments on deferred amount as indicated in Exhibit A. The RDA shall disburse said payments in accordance with Section 3 of the Redevelopment Agreement. 6. The obligations set forth in this agreement shall fully resolve any claim by UUSD against the RDA concerning the RDA's failure to properly calculate the set aside. Each party absolutely discharges and releases the other party, and its officers, agents and employees, from any and all claims, demands, damages, debts, liabilities, obligations, costs, expenses, liens, actions, attorney's fees and causes of action in any way connected with any such claims, whether arising in law or in equity, known or unknown, suspected or unsuspected, whether or not asserted prior to the effective date of this Agreement. 7. Each party covenants that it will never commence or prosecute, or, except as may be required or compelled by legal process, assist in any way in the commencement ar prosecution of any claim, demand, or cause of action of any nature whatsoever that is based upon any claim, demand, damage, debt, 2 Agr.'UUSD.112002 November 20, 2002 liability, obligation, cost, expense, lien, action, or cause of action hereby released. 8. The parties hereto deem this Agreement to be signed and of binding legal effect as of the date on which the last signatory hereto signs the Agreement. 9. This Agreement shall not prevent the parties from agreeing to permit the use of set aside funds for other purposes of the Redevelopment Agency as discussed with the Hoard of Education. REDEVELOPMENT AGENCY OF UKIAH Phil Ashi , Chai person Dated: 1409 ATTEST: 4"t4-0 , Redevelopment Agency retary Dated: I/j~A3 AH XFIED SCHOOL TRICT 0/11 IA. E y S esident Date : 0 3 Agr.UUSD.212002 November 20, 2002 Recalculation of UWah USD Exhibit A Capital Outlay Funding Plan Interest Tale In projected at d,S%. The achaal interest paid will be determined by the RedevelopmentAgenoy's pooled Interest eem)ngs tale, as deternlned from year to year. Interesi comings are distributed at fiscal year and based an the June 3D account balance (excluding accrued revenue). This eatculatlon assumes that UUSR will mrivest payment on an annual basis, The Interest ceclulatioas may vary significantly if annual disbumemants are notmoda 6E:Rds Capital Analysis • May 20D2 Printed 1011/02 UUSD Exhibit A • UUSDArwual Capital Daposil is prelwed at 3@.OMS% of the 1:5 property in an the seemed valuation groMh. Tilig share wlN rhangewilhlheeclualshare as determined from year to year. inheasseesedvalue grawthisless than 2%theYearlysham will ire determined by the aclual assessed value change, Recalculation of Uldah USD Exhibit B Projection of 40 years Capital Funding UUSa 2% AN. growth UUSD % of uuSD Yearly Cumula►ive Interest Interest Year End Project Year paryear I%ofGraw0i Grcwvih' Shore Share Rate Earnings . Balance 1989 - 1990 256,206,997 Base Year Value 1990 - 1991 261,331,137 2.00014 81,241 34.11965745 17,483 17,483 17,483.00 1991 - 1992 256,657,760 2,00046 103,508 34.10853945 35,305 62,786 4.76% 832 63,621.00 1992 - 1993 271,888,916 1000% 158,8719 94.516035% 4604 108,292 4,76% 2,551 1043,'676.00 1993 - 1994 277,326,693 2.000% 211,197 34.446212% 72,747 179,039 4,7695 5,218 167,1540.00 1994 - 1995 282,873,227 2.000% 266,662 35.68378155 95,078 274,114 4.76% 6,926 291,64340 1995 - 1996 288,630,602 2.000% 323,237 56.46076695 117,855 391,959 4,76% 13,875 423,573.00 1996 - 1997 294,301,305 2.OOD% 39D,943 37.037276°h 141,091 533.ii6D 4.78% 20,142 564.fi06.00 1907 - 1998 300,187,332 2.000% 439,803 37.068465% 164,788 697,848 4.78% 27,613 777=.= leas - 1999 306,191,078 UDO% 499,841 37.889030% 189,385, 887,233 , 4.76% 30,977 1,003,669.00 1999 > 2000 312,3141900 2.000Ys 561,078 38225093% 214,473 1,181,706 , 4.76% 47,747 1,265,789.00 2800 - 2001 3716,561,598 2.0Q0% 623,842 31499816% 240,063 1,341,769 4 % ' 50,960 9,662,5552 OO 2005 - 2002 324,832,422 2QQ09b 667,254 39499818°.5 264,592 1,606,361 f 4"k ?0326 1,897,73000 2002 - 2003 331,431,070 2000% 762,241 38499816% 289,611 1,895,972 4.50% &5,398 2,272,739 2003- 2004 338,059,691 2000% 818527 36.49981615 315,131 2,211,103 4.60% 102,273 2,690,143 2004 - 2005 344,820,885 2.00045 856,139 38.4998161'° 341,162 2,652,265 4.61 421,057 3,152,362 2005 - 2006 351,717,309 2,000% 955,103 3BA99816% 367,713 2,958,978 4 W% 141,856 3,661,931 2016 - 2007 955,751,649 2.0DD°Js 1,025,447 38.498816°5 394,795 3,314,773 4,50% 164,787, 4,221,513 2007'- 2008 . 366,926,592 2D00°A 1,097,197 38A99516% 4221419 3,737.192 4.50% 589,966 4,B33,90Q 2006 - 2119 373,9.05,216 2.OOD% 1.178,352 38.499816% 450,595 4,167,787 4.60% 217,625 5,502,024 2009 - 2010 380,710,120 2D00% 1,245,031 38.49981655 479,335 4,667,122 450% 247,591 6,220,946 2010 - 2019 38$324,322 2000% 1,321,173 3HA99616% SD&649 5,175,771 4.50% 280,303 7,017,898 2011 - 2012 396,090,809 2ODD% 1.398,838 2SAIiSSIBf6 535,550 5,714,321 4.5D% 3151805 7,872,263 2012 - 2013 404,01^x625 2.080% 1,478,056 36.49981655 569,049 6,283,370 4.50% 354,261 8,795.653 2013 - 2014 412,092;678 21100% 1,556,869 38.499816°,6 600,158 6,883,528 4.50% 395,800 9,791.611 2014 - 2015 420,334,735 2000% 1,641,277 38.499816°% 631,889 7,515,417 4.50% 440,618 10,864,Oitl 2D15 - °2056 428,741,430 2AO09Fi 1.725,344 36.499818% 684,254 8,179,671 4.5D%, 486,861 12,0717.163 2016 - 2017 437,316,25B 2000:5 1,811,093 38.489816°% 697,267 8,876,938 4.50% 640,772 13,255,192 2017 - 2050 446,062,564 2.000% 1,698,556 31499816% 73D.941 9,607,879 440% 698,484 14,582,617 2010 - 2819 454,983,835 2.400% 1,987,768 38,499816% 765,287 10,373,166 4.50% 656,216 16,004,122 2019 - 2D20 404,003,512 2.000% 2,078,765 36.499818% 800,32t 11,173,467 4,60% 720,185 17,524,628 2020 - 2021 473365,182 2,000% 2,171,982 3&499816% 636;1155 12,009,542 4.50% 788,806 19,149.291 2021 - 2022 482,832,486 2.DOD% 2,266.255 38.+199015% 872,604 12,882,046 4.50% 851,718 20,883.813 2022 - 2023 • 492 489,199 21000% 2,362,821 36.499816"% 900.682 13,791,728 4:60% 939,758 22,732,953 2023 - 2024 502356,910 2,0OD% 2,451,319 38.499816§& 947,603 14,739,331 4.60% 1,022,983 24,703,539 2024 - 2025 552,385,697 2.000% 2,661,767 38.499996% 906,283 • 15,725,614 440% 1,111,660 26,601,462 2025 - 2028 522,633.4711 2.000% 2,684,254 38.499alM 1,025,737 16,761,351 4.50% 1,208,067 29,033,286 2026 - 2027 533,086,073 2000% 2,768,791 38A99616% 1,666,978 17,817,330 4.60% 1,306,498 31,405,763 2027 - 2028 643,747,801 2.00045 2,875,408 38.49981695 11107,027 18,924,357 4.60% 1,413,259 33,926,049 •2028 - 2029 554,622.756 2.11 2,984,168 3BASOS164 1,148,895 20,073,252 4.50;5 1,526.672 3e,6D1;6i6 2029 - 2030 565,715,211 2.000% 3,095,082 38.499916% 1,191,601 21,264,853 4.50% `1,647.073 39,440,290 UUSD Prajed share is proected at3BA99Bl6%. This share will ctmnge wl h the achmi share as determined from year to year. I1 the assessed value growth Is less than 2% the Yeadyshare will be detenalned by the actual assessed vane change. Interest rate Is projected at 4.5%. The aciuai Interest paid will be determined by the Redevelopment Agency's pooled interesteamings rate, as detern fined tram year to year. Rda Capital Analysis -May 2002 Printed 10/1102 UUSD Exhibit 8 January 20, 20 10 City of Ukiah Redevelopment Agency c/o Sage Sangiacorno, City of Ukiah 300 Seminary Ave. Ukiah, CA 95482 Dear Mr. Sangiacomo: The Ukiah Unified School District desires to renovate or reconstruct their current District Administration Office to a new expanded facility at its current property at 925 North State Street. We anticipate the new building will be approximately 9,000 to 10,000 square feet. The project budget for the new facility is approximately $3 million, including the cost of temporarily relocating the staff during construction. It is the desire of the District to use Redevelopment funds to fund this project. Presently, we believe the available balance of District awed Redevelopment funds is about $2.2 million. Furthermore, the District would use forthcoming Redevelopment funds for the balance of construction costs. The District believes that this project falls within the guidelines for the use of the Redevelopment funds awed to the District, as the project will do the following: The rehabilitation of the site is of benefit to the project area; The construction of the facility will contribute to the elimination of blight; There are no other reasonable means of financing the project available to the District; The Project is consistent with the Agency's Five Year Implementation Plan, adopted on August 15, 2007. The District hereby requests that the Redevelopment Agency adopt these findings and release $1 million dollars so we may proceed with the planning and design process for the new District Office. The balance of funds will be requested as the project progresses. We appreciate your cooperation and will be pleased to provide any additional information required. Sinner C Lois J. h, E . Superintendent LJN/deb Focused on Success for All Educational Services 707-463-5213 Fiscal Services 707-463-5201 Personnel 707463-5208 Personnel Commission 707-463-5205 Special Education Services 707-468-3315 -technology 707-463-5294 Transportation/Maintenance/Grounds 707-463-5233 yu N ~O K m ~ 5 c l~1 ~a UQ ® tit C, C O W W CD CJ w Ki N H a r °o x b ~ O I M t r Cri I' d 0 CEO ,Z ti CD CD F't N B C) 0 CD ° C CD CD CD tTj t l ' BUDGET - District Office at S. Dora Site Ukiah Unified School District - District Office Project Source of Funds; Redevelopment Funds schematic draft budget Description Schematic Bad et Ezpeneded To Date Remaining Balance Format Surplus (Shortfall Demouticn 45,000 45,000 45,000 Construction (10,000 s.f.} 1,960,000 - 1,960,000 1,960,000 - Tempoary relocation of Staff 35,000 35,000 35,000 - Construction Contingency 196,000 196,000 196,000 - City Electric 25,000 25,000 25,000 - water Services 15,000 15,000 15,000 - Telecommunications (Pao Bell) 15,000 15,000 15,000 - Education Technology 100,000 100,000 100,000 - Sower Services 12,000 12,000 12,000 - Fixtures andFurniture 150,000 150,000 150,000 - DSA Permit Fees City Permit Fees 35,000 35,000 35,000 - A I E Pees - Design 216,000 - 216,000 216,000 - A / E Reimbursable - Design 10,000 - 10,000 10,000 - Project Management (Pre-Construction) PM / CM Services (Construction Phase) - - Materials TestingandInspection 25,000 25,000 25,000 Haz. Mat. Abatement 20,000 20,000 20,000 - Haz. Matinve5tig 12,000 12,000 12,000 - Survey and Geetecl nical Report 25,000 25,000 25,000 - Geoteehnical Construction Support 10,000 10,000 10,000 - Feasibility study - " - Site Purchase - - Legal fees - Planning & Environmental Review (non E.I.R) S1000 5,000 5,000 - Facility Site Assessments - - ° Investigate Existing Conditions - county office ofEducatian - County Attamcy's Office - iVilsc.legal notices etc. 14,000 -14,000 14,000 Project Reservc 75,000 75,000 75,000 - 3,000;000 - 3,000,0U0 ),VVU,wu 1/20/2010