Former Redevelopment Agency: City of Murrieta Redevelopment Agency Successor Agency to the Former
Redevelopment Agency: City of Murrieta
Entity Assuming the Housing Functions
of the former Redevelopment Agency: Murrieta Housing Authority Entity Assuming the Housing Functions
Contact Name: Joy Canfield Title Finance Director Phone (951)461-6437 Entity Assuming the Housing Functions
Contact Name: Londa Bock-Helms Title Accounting Manager Phone (951)461-6439 The following Exhibits noted with an X in the box are included 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
Exhibit F- Rents
Exhibit G - Deferrals
Prepared By: Londa Bock-Helms
Date Prepared: 7/31/2012
E-Mail Address
E-Mail Address
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.
DEPARTMENT OF FINANCE
HOUSING ASSETS LIST
ASSEMBLY BILL X1 26 AND ASSEMBLY BILL 1484
(Health and Safety Code Section 34176)
Exhibit A - Real Property
Item #
Carrying Value
of Asset
Total
square
footage
Is the property
encumbered by
a low-mod
housing
covenant?
Source of low-
mod housing
covenant b/
Date of
transfer to
Housing
Successor
Agency
Construction
or acquisition
cost funded
with Low-Mod
Housing Fund
monies
Construction
or acquisition
costs funded
with other
RDA funds
Construction
or acquisition
costs funded
with non-RDA
funds
Date of
construction
or
acquisition
by the
former RDA
Interest in
real property
(option to
purchase,
easement,
etc.)
1 $1,321,594 132,224 yes DDA 31-Jan-12 $1,321,594 $0 $0 3/24/2003 Fee title 2 $3,849,803 444,785 No n/a 31-Jan-12 $3,849,803 $0 $0 10/11/2004 Fee title 3 $820,680 45,738 No n/a 31-Jan-12 $820,680 $0 $0 1/11/2007 Fee title 4 $820,679 45,738 No n/a 31-Jan-12 $820,679 $0 $0 1/11/2007 Fee title 5 $3,515,665 270,943 No n/a 31-Jan-12 $3,515,665 $0 $0 6/30/2009 Fee title 6 $951,979 936,104 No n/a 31-Jan-12 $951,979 $0 $0 10/13/2010 Fee title 7 8
9 10
11 12
13 14
15 16
17 18
19 20
Vacant Land
Vacant Land
Land for Low/Mod
Land for Low/Mod
Low/Mod Income Housing
APN 906-080-018 24960 Adams Ave.
APN 906-212-001 42310 B Street, +5
APN 909-030-033
132,224
270,943
936,104
Square footage
reserved for low-
mod housingLegal Title and Description
0 0
0 APN 910-140-044
APN 909-030-032
APN 949-600-031
a/ Asset types may include low-mod housing, mixed-income housing, low-mod housing with commercial space, mixed-income housing with commercial space.
City of Murrieta Housing Authority
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Type of Asset a/
Vacant Land
b/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements.
Exhibit B - Personal Property
Item #
Carrying Value
of Asset
Date of
transfer to
Housing
Successor
Agency
Acquisition
cost funded
with Low-Mod
Housing Fund
monies
Acquisition
costs funded
with other RDA
funds
Acquisition
costs funded
with non-
RDA funds
Date of
acquisition by
the former RDA
1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
a/ Asset types any personal property provided in residences, including furniture and appliances, all housing-related files and loan documents, office supplies, software licenses, and mapping programs, that were acquired for low and moderate income housing purposes, either by purchase or through a loan, in whole or in part, with any source of funds.
City of Murrieta Housing Authority
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Type of Asset a/ Description
Exhibit C - Low-Mod Encumbrances
Item #
Contractual
counterparty
Total amount
currently
owed for the
Enforceable
Obligation
Is the property
encumbered by
a low-mod
housing
covenant?
Source of low-
mod housing
covenant b/
Current owner
of the property
Construction or
acquisition cost
funded with
Low-Mod
Housing Fund
monies
Construction or
acquisition costs
funded with
other RDA funds
Construction
or acquisition
costs funded
with non-RDA
funds
Date of
construction or
acquisition of
the property
1 Monte Vista II
Family Housing $ 1,212,387 yes
CRA Law, Tax
Credits, DDA
Monte Vista II
Family Housing
Acquisition
$1,331,353 $0 $0
Acquisition
12/26/2008
2 3
4 5
6 7
8 9
10 11
12 13
14 15
16 17
18 19
20 City of Murrieta Housing Authority
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Date contract for
Enforceable
Obligation was
executed
Type of housing built or
acquired with enforceably
obligated funds a/
40 Low/Mod Residential
rental units (under
Deferred Loan
4/6/2010
a/ May include low-mod housing, mixed-income housing, low-mod housing with commercial space, mixed-income housing with commercial space.
b/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements.
Exhibit D - Loans/Grants Receivables
Item #
Amount of the loan
or grant
Date the
loan or grant
was issued
Purpose for which the funds were loaned or
granted
Are there
contractual
requirements
specifying the
purposes for which
the funds may be
used? Repayment date, if the funds are for a loan
Interest rate
of loan
Current outstanding
loan balance
1 610,046$ 2/4/2003
Participation agreement-construction of 64
residental units Yes 55 years 3% 610,046$
3 20,000$ 10/18/2006 First Time Homebuyers Down Payment Assistance Yes Upon sale, transfer or failure to occupy 3% 20,000$ 4 20,000$ 10/18/2006 First Time Homebuyers Down Payment Assistance Yes Upon sale, transfer or failure to occupy 3% 20,000$ 5 20,000$ 9/21/2006 First Time Homebuyers Down Payment Assistance Yes Upon sale, transfer or failure to occupy 3% 20,000$ 6 14,214$ 10/10/2009 CFD Speical Assessments Payoff Program Yes 42.5 years or upon Event of Acceleration 0%, highest
rate allowed 14,214$
7 2,222,222$ 4/6/2010 Development cost Gap Assistance Loan Yes 55 years 3% 1,009,835$ 8 9
10 11
12 13
14 15
16 17
18 19
20 *names are available for DOF review
Murrieta Family
Housing Partners, LP
Deferred Loan
Deferred Loan
Deferred Loan
Property Owner*-
41536 Blue Canyon #5
Property Owner*-
25031 Quince Hill St.
Property Owner*-
41524 Blue Canyon
Deferred Loan
Deferred Loan
Was the Low-Mod
Housing Fund
amount issued for
a loan or a grant?
Person or entity to
whom the loan or
grant was issued
Property Owner*-
25056 Driftoak St. #2
Deferred Loan
Monte Vista II Family
Housing LLC
City of Murrieta Housing Authority
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Exhibit E - Rents/Operations
Item #
Type of property
with which the
payments are
associated b/
Property
owner
Entity that
collects the
payments
Entity to which
the collected
payments are
ultimately
remitted
Purpose for
which the
payments are
used
Is the property
encumbered
by a low-mod
housing
covenant?
Source of low-
mod housing
covenant c/
Item # from
Exhibit A the
rent/operation
is associated
with (if
applicable)
1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
City of Murrieta Housing Authority
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) c/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements.
b/ May include low-mod housing, mixed-income housing, low-mod housing with commercial space, mixed-income housing with commercial space. a/ May include revenues from rents, operation of properties, residual receipt payments from developers, conditional grant repayments, costs savings and proceeds from refinancing, and principal and interest payments from homebuyers subject to enforceable income limits.
Type of payment a/
Exhibit F - Rents
Item #
Type of property
with which the
payments are
associated b/
Property
owner
Entity that
collects the
payments
Entity to which
the collected
payments are
ultimately
remitted
Purpose for
which the
payments are
used
Is the property
encumbered
by a low-mod
housing
covenant?
Source of low-
mod housing
covenant c/
Item # from
Exhibit A the rent
is associated
with (if
applicable)
1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
City of Murrieta Housing Authority
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) b/ May include low-mod housing, mixed-income housing, low-mod housing with commercial space, mixed-income housing with commercial space. c/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements.
Type of payment a/
a/ May include rents or home loan payments.
Exhibit G - Deferrals
Item #
Fiscal year in
which funds
were deferred
Amount
deferred
Interest rate
at which
funds were
to be repaid
Current
amount owed
Date upon which
funds were to be
repaid
1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
City of Murrieta Housing Authority
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Purpose for which funds were deferred