Exhibit “A”
Temporary Construction Easement
All that real property located in the City of Tulare, County of Tulare, State of California, described as follows:
A portion of the “Remainder Lot” of Prosperity West Unit No. 4, as per map recorded in Book 36 of Maps, at page 24, Tulare County Records, situated in a portion of the Northwest quarter of Section 3, Township 20 South, Range 24 East, Mount Diablo Base and Meridian, more particularly described as follows:
COMMENCING FOR REFERENCE at the southwest corner of said Remainder Lot; Thence North 00°19’15” West along the West line of said Remainder Lot, 560.36 feet, to the beginning of a tangent curve, concave southeasterly, and having a radius of 20.00 feet; Thence northeasterly 31.14 feet along said curve, through a central angle of 89°11’43”, to the North line of said Remainder Lot;
Thence North 89°30’58” East, along said North line, 24.05 feet, to the TRUE POINT OF BEGINNING;
Thence continuing North 89°30’58” East, along said North line, 6.84 feet; Thence South 42°30’07” West, 45.58 feet, to a point on a line parallel to and 20.00 feet easterly, as measured at right angles, from the West line of said Remainder Lot; Thence North 00°19’15” East, along said parallel line, 7.45 feet; Thence North 42°30’07” East, 35.40 feet, to the POINT OF BEGINNING.
Containing 202 square feet, more or less.
See Exhibit B, Plat to Accompany Description, attached hereto and made a part hereof.
APN 169-360-041
REMAINDER LOT,
PROSPERITY WEST UNIT No. 4
36 RM 24 N. WEST STREET
W. PROSPERITY AVENUE
Δ T.C.E.
APN 169-320-017
Ó
N
L:\Projects\2019\190384\ACAD\Legals\190384-ROW-Legal 041
Exhibit “A”
Right of Way Acquisition
All that real property located in the City of Tulare, County of Tulare, State of California, described as follows:
A portion of the “Remainder Lot” of Prosperity West Unit No. 4, as per map recorded in Book 36 of Maps, at page 24, Tulare County Records, situated in a portion of the Northwest quarter of Section 3, Township 20 South, Range 24 East, Mount Diablo Base and Meridian, more particularly described as follows:
BEGINNING at the southwest corner of said Remainder Lot; Thence North 00°19’15” East along the West line of said Remainder Lot, 560.36 feet, to the beginning of a tangent curve, concave southeasterly, and having a radius of 20.00 feet; Thence northeasterly 31.13 feet along said curve, through a central angle of 89°11’31”, to the North line of said Remainder Lot;
Thence North 89°30’58” along said North line, 24.05 feet; Thence South 42°30’07” West, 35.40 feet, to a point on a line parallel to and 20.00 feet easterly, as measured at right angles, from the West line of said Remainder Lot; Thence South 00°19’15” West along said parallel line, 91.78 feet; Thence South 05°04’44” West, 120.55 feet, to a point on a line parallel to and 10.00 feet easterly, as measured at right angles, from the West line of said Remainder Lot; Thence South 00°19’15” West along said parallel line, 119.73 feet; Thence South 02°24’27” West, 222.97 feet, to a point on the South line of said Remainder Lot; Thence North 89°40’45” West along said South line, 1.88 feet, to the POINT OF BEGINNING.
Containing 6,899 square feet, more or less.
See Exhibit B, Plat to Accompany Description, attached hereto and made a part hereof.
ROW ACQUISITION
Δ
W. PROSPERITY AVENUE
APN 169-360-041
REMAINDER LOT,
PROSPERITY WEST UNIT No. 4
36 RM 24 N. WEST STREET
169-320-017 169-320-018
Ó
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CITY OF TULARE
AGENDA ITEM TRANSMITTAL SHEET
Submitting Department: Community & Economic Development / Finance For Council Meeting of: March 15, 2022
Documents Attached: ☐Ordinance ☐Resolution ☒Other ☐None AGENDA ITEM:
Receive and file the City of Tulare Housing Successor Agency Annual Reports for Fiscal Year 2020-21.
IS PUBLIC HEARING REQUIRED: ☐Yes ☒No
BACKGROUND/EXPLANATION:
The City of Tulare (“City”) is the Housing Successor Agency to the former Tulare Redevelopment Agency (“Housing Successor”). Health and Safety Code (“HSC”) Section 34176.1 (enacted by Senate Bill 341 and related legislation) requires the Housing Successor Agency to prepare an annual report documenting compliance with expenditure proportionality and other requirements pertaining to its Low and Moderate Income Housing Asset Fund (“Housing Asset Fund”). The report is due to the California Department of Housing and Community Development (“HCD”) by April 1st annually. The report must be also be presented to City Council and posted on the City’s website.
Housing Successor staff and consultants have prepared a Housing Successor Agency Annual Report for the Fiscal Year (“FY”) 2020-21. The report is being presented to City Council to receive and file. Staff will submit the report to HCD by April 1, 2022. The following sections summarize the Housing Successor’s finances and compliance with various requirements.
Overall, the Housing Successor is compliant with all requirements.
Low and Moderate Income Housing Asset Fund
The Housing Asset Fund includes all the assets that were transferred from the Tulare Redevelopment Agency (“Agency”) to the Housing Successor upon dissolution of the former Agency. The assets included:
• Real properties,
• Low/Mod encumbrances,
• Loan/grants receivable, and
• Rents/operations.
As of June 30, 2021, the Housing Asset Fund had a cash balance of $1,670,379 and a total asset balance of $11,155,289. Most of the asset value is from loans receivable that are due to the Housing Successor.
AGENDA ITEM: Gen. Bus. 1(a)
In FY 2020-21, the Housing Asset Fund had $79,816 in deposits from interest income and loan repayments. Revenues have ranged from approximately $37,000 to $93,000 over the past five years (FYs 2017-18 to 2020-21).
Expenses in FY 2020-21 were $35,309. All expenditures have been administrative expenses within the annual limits permitted by law. Expenditures have ranged from approximately $320 to $36,000 over the past five years.
Property Disposition
State law requires housing successors to sell or develop properties transferred from the former redevelopment agency within five to ten years. Upon the dissolution of redevelopment, the former Agency transferred one real property at 340 Howard Street that was sold in December 2017, within the timeframe required by law.
Income & Age Proportionality
If housing successors expend money on projects, State law requires at least 30 percent to be spent on extremely low income rental housing, among other restrictions. FY 2020-21 is the first year of the second five-year compliance period for income proportionality, which runs from June 1, 2019 to June 30, 2024. The Housing Successor has met all requirements for expenditures by income level in FY 2020-21. The Housing Successor also complied with all requirements from the first five-year compliance period, which began on January 1, 2014 and ended on June 30, 2019.
State law also sets a limit on the portion of publicly assisted deed-restricted rental housing that may be restricted to seniors. The City and former Agency assisted 2 properties with 106 units in the last 10 years, none of which are restricted to seniors. The City may spend more Housing Asset Funds subsidizing senior rental units in the future; however, it must ensure that no more than 50 percent of the total aggregate number of rental units at all affordability levels produced within the preceding 10 years are restricted to seniors.
Excess Surplus
Senate Bill 341 reinstated a requirement to prevent housing successors from accumulating an excess surplus, which is generally defined as unencumbered cash that exceeds the greater of $1 million or the aggregate amount deposited into the Housing Asset Fund in the preceding four years.
The Housing Successor had an excess surplus of $602,542 carried over from prior years at of the end of FY 2019-20. The entire excess surplus balance was eliminated in FY 2020-21 by encumbering $1,000,000 toward an 81-unit permanent supportive housing project pending development by Self-Help Enterprises. The Housing Successor had no excess surplus at the end of FY 2020-21.
Homeownership Unit Inventory
State law requires the annual report to contain an inventory of any homeownership units assisted by the Housing Successor that require restrictions, covenants, or an adopted program that protects Housing Asset Fund monies. The Housing Successor oversees 58 homeownership units with affordability restrictions that are listed in the annual report.
FISCAL IMPACT:
The Housing Successor Agency Annual Reports are informational and have no fiscal impact.
STAFF RECOMMENDATION:
Receive and file the City of Tulare Housing Successor Agency Annual Reports for Fiscal Year 2020-21.
CITY ATTORNEY REVIEW/COMMENTS: ☐Yes ☒N/A
IS ADDITIONAL (NON-BUDGETED) FUNDING REQUIRED: ☐Yes ☐No ☒N/A FUNDING SOURCE/ACCOUNT NUMBER:
N/A
Submitted by: Traci Myers Title: Community & Economic Development Director Date: March 4, 2022 City Manager Approval: ____________ ATTACHMENTS:
Attachment 1 – Housing Successor Agency Annual Report for Fiscal Year 2020-21
HOUSING SUCCESSOR AGENCY ANNUAL REPORT
City of Tulare
Fiscal Year 2020-21
TABLE OF CONTENTS
INTRODUCTION ...................................................................................................................1 HOUSING SUCCESSOR REQUIREMENTS............................................................................1 ASSETS TRANSFERRED TO HOUSING SUCCESSOR ..........................................................2 HOUSING ASSET FUND ACTIVITY .......................................................................................3 EXPENDITURE LIMIT COMPLIANCE.....................................................................................4 SENIOR HOUSING LIMIT COMPLIANCE ...............................................................................4 DEPOSITS AND FUND BALANCE .........................................................................................5 DEPOSITS FROM CITY TO AGENCY LOAN REPAYMENTS...................................................6 EXCESS SURPLUS ..............................................................................................................6 TRANSFERS TO OTHER HOUSING SUCCESSORS ..............................................................7 HOUSING SUCCESSOR PORTFOLIO ...................................................................................9 LOANS RECEIVABLE ...........................................................................................................9 PROPERTY DESCRIPTIONS AND DISPOSITION STATUS ....................................................9 HOMEOWNERSHIP UNIT INVENTORY ............................................................................... 10 APPENDIX 1 - HOUSING SUCCESSOR ANNUAL REPORT REQUIREMENTS ...................... 12 APPENDIX 2 – HOUSING ASSET TRANSFER FORM........................................................... 13 APPENDIX 3 – HOUSING ASSET FUND EXPENDITURE REQUIREMENTS .......................... 14 Tulare Housing Successor Annual Report 2020-21 1
INTRODUCTION
The City of Tulare (“City”) is the Housing Successor Agency (“Housing Successor”) to the former Tulare Redevelopment Agency (“Agency”). The Housing Successor is responsible for maintaining housing assets transferred from the former Agency. Its main goal is to provide affordable housing for City residents.
This Housing Successor Agency Annual Report (“Annual Report”) contains information on Fiscal Year (“FY”) 2020-21 finances and activities as required by Health and Safety Code (“HSC”) Section 34176.1(f).
FY 2020-21 is the second year of the five-year compliance period for income proportionality, which runs from FY 2019-20 to the end of FY 2023-24. This Annual Report details how the Housing Successor has met all requirements for expenditures by income level in FY 2020-21. The Housing Successor complied with all requirements from the first five-year compliance period, which began on January 1, 2014, and ended on June 30, 2019.
The Annual Report is due to the California Department of Housing and Community Development (“HCD”) by April 1 annually and must be accompanied by an independent financial audit. The City’s audited financial statements will be posted on the City’s website when available and are incorporated herein by reference. This Annual Report is submitted in tandem with the City’s Housing Element Annual Progress Report to HCD.
HOUSING SUCCESSOR REQUIREMENTS
Senate Bill (“SB”) 3411 and subsequent legislation enacted several requirements for housing successor agencies. Housing successors must comply with three major requirements pursuant to HSC Section 34176.1:
1. Expenditures and housing production are subject to income and age targets.
2. Housing successors may not accumulate an “excess surplus,” or a high balance based on certain thresholds.
1 2013-14 legislative session
Tulare Housing Successor Annual Report 2020-21 2
3. Properties must be developed with affordable housing or sold within five to ten years of the California Department of Finance (“DOF”) approving the Housing Asset Transfer Form.
The requirements are designed to ensure that housing successors are actively utilizing assets to produce affordable housing. Appendix 1 provides a detailed summary of the reporting requirements that are addressed in this Annual Report.
ASSETS TRANSFERRED TO HOUSING SUCCESSOR
Upon the statewide dissolution of redevelopment in 2012, all rights, powers, committed assets, liabilities, duties, and obligations associated with the housing activities of the Agency were transferred to the Housing Successor. The Housing Successor prepared a Housing Asset Transfer Form (“HAT”) that provided an inventory of all housing assets transferred from the Agency to the Housing Successor. This included:
1. Real properties,
2. Low- and Moderate-Income Housing Fund encumbrances,
3. Loan receivables; and
4. Rents.
All items on HAT were approved by DOF on February 25, 2013.
It is important to distinguish that Housing Successor assets that were not transferred from the former Agency or generated by or purchased with assets from the former Agency, are not subject to HSC Section 34176.1. A copy of the HAT is provided as Appendix 2.
Tulare Housing Successor Annual Report 2020-21 3
HOUSING ASSET FUND ACTIVITY
Former Agency assets, and the revenues generated by those assets, are maintained in a Low- and Moderate-Income Housing Asset Fund (“Housing Asset Fund”).2 Housing Asset Funds may be spent on:
• Administrative costs up to $200,000 per year adjusted for inflation, or 5% of the statutory value of real property owned by the housing successor and the value of loans and grants receivable from the HAT (“Portfolio”), whichever is greater. According to HCD, the $200,000 limit adjusted for inflation in FY 2020-21 was $223,400. In comparison, 5% of Tulare’s Portfolio value was $473,985 (5% of $9,479,706). The FY 2020-21 administrative cost limit for the Housing Successor was the higher number of $473,985.
• Homeless prevention and rapid rehousing services up to $250,000 per year if the former Agency did not have any outstanding housing inclusionary or replacement housing production requirements. The Housing Successor qualifies to spend Housing Asset Funds on this category if it chooses because the former Agency had a surplus of affordable housing production units upon dissolution.
• Affordable housing development assisting households up to 80 percent of the Area Median Income (“AMI”), subject to specific income and age targets.
Five-Year Income Proportionality: If any Housing Asset Funds are spent on affordable housing development, it triggers a requirement to spend at least 30 percent of such expenses assisting extremely low-income households (30% AMI) and no more than 20 percent on lowincome households (between 60-80% AMI) per five-year compliance period. The current five-year compliance period is July 1, 2019, through June 30, 2024.
Note that housing successors must report expenditures by category each year, but compliance with income proportionality limits is measured every five years. For example, a housing successor could spend all its funds in a single year on households earning between 60-80% AMI, if it was 20 percent or less of the total expenditures during the five-year compliance period.
2 The Housing Asset Fund replaced the former Agency’s Low- and Moderate-Income Housing Fund.
Tulare Housing Successor Annual Report 2020-21 4
Ten-Year Age Proportionality: If more than 50% of the total aggregate number of rental units produced by the City, Housing Successor, or former Agency during the past 10 years are restricted to seniors, the Housing Successor may not spend more Housing Asset Funds on senior rental housing.
Appendix 3 describes Housing Asset Fund expenditure requirements in more detail, including the types of costs eligible in each category.
EXPENDITURE LIMIT COMPLIANCE
The Housing Successor complied with all Housing Asset Fund spending restrictions in FY 2020-21, including five-year compliance period income targeting requirements:
• Administrative costs of $35,309 did not exceed the $473,985 maximum amount for FY 2020-21. • No homeless prevention or rapid rehousing expenses were made in FY 2020-21. • No affordable housing development-related expenditures have been made during the current fiveyear compliance period. Therefore, five-year compliance period income targets do not apply, and the Housing Successor complies.
The Housing Successor will ensure it meets all expenditure requirements going forward, including throughout the remainder of the current five-year compliance period ending on June 30, 2024.
Failure to comply with the extremely low-income requirement in any five-year compliance period will result in the Housing Successor having to ensure that 50 percent of remaining funds be spent on extremely low-income rental units until in compliance. Exceeding the expenditure limit for low-income households earning between 60-80% AMI in any five-year reporting period will result in the Housing Successor not being able to expend any funds on these income categories until in compliance.
SENIOR HOUSING LIMIT COMPLIANCE
The Housing Successor complies with the limit allowing no more than 50 percent of the total aggregate number of rental units produced within the preceding ten years to be restricted to seniors. The Housing Successor, City, and former Agency assisted 48 deed-restricted rental units in the last ten years, all of which are restricted to seniors. Table 1 details units assisted by project.
Tulare Housing Successor Annual Report 2020-21 5
While 100% of units are senior units, the Housing Successor is still in compliance as these 48 units were funded with non-Housing Asset Funds. Housing Asset Funds may not be used to assist deed-restricted senior rental units until at least 48 non-senior deed-restricted rental units are assisted by the Housing Successor or City.
DEPOSITS AND FUND BALANCE
The Housing Successor deposited $79,816 into the Housing Asset Fund during FY 2020-21. Revenues were from investment interest income and loan repayments as shown in Table 2.
The Housing Asset Fund balance as of June 30, 2021, was $11,155,289 as summarized in Table 3. Of the total asset balance, $1,670,379 million was available cash.
Property Year
Assisted Senior Units % Non-Senior Units % Total Units
1150 S Laspina St 2020-21 48 100% 0 0% 48
Total 48 106 154
% Senior Units: 100%
Source: City of Tulare
Table 1
Deed-Restricted Senior Rental Units Assisted Prior Ten Years (2011-12 to 2020-21) Source Amount
Investment Interest Income $ 9,441
Unrealized GASB Adjustment (13,597)
Rehabilitation Loan Repayments 17,205
City-Redevelopment Agency Loan Repayment 12,347
Loan Repayment 54,419
Total $ 79,816
Table 2
Housing Asset Fund Deposits in FY 2020-21
Source: City of Tulare, Fund 81 Revenue Detail Report
Tulare Housing Successor Annual Report 2020-21 6
DEPOSITS FROM CITY TO AGENCY LOAN REPAYMENTS
HSC Section 34191.4(b)(3)(C) requires that 20 percent of any loan repayment made from a redevelopment successor agency to a city, for a loan that a city made to a former redevelopment agency, be deducted from the loan repayment amount and transferred to the Housing Asset Fund. The Tulare Redevelopment Successor Agency owes a loan to the City with an outstanding principal balance of $15,991,132 as of June 30, 2021. Interest is accrued at three percent annually. The loan is expected to be repaid between FYs 2020-21 through 2048-49. Twenty percent of all loan repayments will be deposited into the Housing Asset Fund. A $12,343 deposit was made into the Housing Asset Fund in FY 2020-21 and a $123,528 deposit is expected in FY 2021-22.
EXCESS SURPLUS
The Housing Asset Fund may not accumulate an “excess surplus”, which is an unencumbered amount that exceeds the greater of $1 million or the sum of deposits in the prior four fiscal years. This requirement ensures that housing successors are actively spending available Housing Asset Funds on affordable housing. Excess surplus must be expended or encumbered within three fiscal years of each year that excess surplus was accrued. If a housing successor fails to comply, it must transfer any excess surplus to HCD within 90 days of the end of the third fiscal year.
The Housing Successor accumulated excess surpluses in FYs 2017-18, 2018-19, and 2019-20 totaling $602,542 that were eliminated in FY 2020-21.
In FY 2020-21, the Housing Successor spent $35,309 on administrative expenses and executed a loan agreement with Self-Help Enterprises encumbering $1,000,000 in Housing Asset Funds to assist an 81- unit permanent supportive housing project. The Housing Successor funds are designated to assist the 25 permanent supportive housing units affordable to 30% AMI households. These two expenditures were Balance Type Amount
Cash $ 1,670,379
Interest Receivable $ 5,205
Loans and Notes Receivable $ 9,479,706
Ending Balance $ 11,155,289
Housing Asset Fund Ending Balance FY 2020-21
Table 3
Source: City of Tulare, Fund 81 Trial Balance
Tulare Housing Successor Annual Report 2020-21 7
enough to make the Housing Successor compliant by eliminating the cumulative excess surpluses from FYs 2017-18, 2018-19, and 2019-20.
The Housing Successor did not have an Excess Surplus in FY 2020-21 as shown in Table 5.
Remaining Excess Surplus from Prior Years as of 7/1/20
FY 2017-18 412,269
FY 2018-19 109,186
FY 2019-20 81,087
Total Excess Surplus from Prior Years $ 602,542
Elimination of Prior Year Excess Surplus
Expenditures
FY 20-21 Administrative Costs $ (35,309)
Encumbrances
FY 20-21 Encumbrances $ (1,000,000)
Remaining Prior Year Excess Surplus $ -
Source: City of Tulare
Table 4
Prior Year Excess Surplus Elimination
1 The Housing Successor executed a loan agreement with SelfHelp Enterprises in FY 2020-21 encumbering $1,000,000 in Housing Asset Funds to assist an 81-unit permanent supportive housing project. The Housing Successor funds are designated to assist the 25 permanent supportive housing units affordable to 30% AMI households.
Tulare Housing Successor Annual Report 2020-21 8
TRANSFERS TO OTHER HOUSING SUCCESSORS
There were no transfers to another housing successor entity for a joint project pursuant to HSC Section 34176.1.
Step 1: Determine Unencumbered Cash Balance From Financials FY 20-21 Beginning Cash Balance $ 1,621,415
Less: Encumbered Funds1 (1,000,000)
Less: Remaining Excess Surplus from Prior Years -
Unencumbered Amount $ 621,415
Step 2: Determine Greater of $1M or Last 4 Deposits
$1 Million, or $ 1,000,000
Last 4 years' deposits $ 239,142
2019-20 $ 41,448
2018-19 $ 67,816
2017-18 $ 93,085
2016-17 $ 36,793
Result: Larger Number $ 1,000,000
Step 3: Excess Surplus is Amount Step 1 Exceeds Step 2, if Any (1) Unencumbered Amount $ 621,415
(2) Less: Larger Number From Step 2 $ 1,000,000
Excess Surplus None
1 The Housing Successor executed a loan agreement with Self-Help Enterprises in FY 2020-21 encumbering $1,000,000 in Housing Asset Funds to assist an 81-unit permanent supportive housing project. The Housing Successor funds are designated to assist the 25 permanent supportive housing units affordable to 30% AMI households.
Table 5
Excess Surplus FY 2020-21
Tulare Housing Successor Annual Report 2020-21 9
HOUSING SUCCESSOR PORTFOLIO
The Housing Successor Portfolio includes no properties but contains eight loans receivable transferred from the former Redevelopment Agency. The Portfolio had a value of $9,479,706 as of FY 2020-21, as detailed in Table 6.
LOANS RECEIVABLE
The City must report the value of loans and/or grants receivable transferred on the HAT. The City inherited 54 loans from the former Agency when it dissolved on February 1, 2012. Table 6 shows the total value of outstanding loans receivable as of June 30, 2021. The HAT in Appendix 2 shows more detailed information about each property and loan receivable at the time they were transferred in 2012.
PROPERTY DESCRIPTIONS AND DISPOSITION STATUS
HSC Section 34176(e) requires that all real properties acquired by the Agency prior to February 1, 2012, and transferred to the City be developed for affordable housing purposes or disposed of within five years from the date DOF approved the HAT, or February 25, 2023. The law allows for a five-year extension via adoption of a resolution.
Asset1 Amount
Loans and Notes Receivable
Salvation Army $221,407
Tulare Family Housing $2,045,296
Kaweah Management Company $280,161
Tule Vista Association $3,220,000
Tulare Pacific Association $1,151,667
Tulare Aspen Association $2,128,011
Deferred Loans Receivable $419,734
Housing Loans Receivable $13,429
Subtotal $9,479,706
Total Portfolio Value $9,479,706
1 The Housing Successor Portfolio does not contain any real properties.
Portfolio Value of Real Properties and Loans Receivable Table 6
Source: City of Tulare, Fund 81 Trial Balance
Tulare Housing Successor Annual Report 2020-21 10
The Agency had one real property on the HAT located at 340 Howard Street, a single-family rental property, that was transferred to the City. The City sold the property in December 2017 because it was not economically feasible to rehabilitate the property, which had fallen into disrepair. The property was sold to Varo Real Investments for $75,100, who eventually rehabilitated the property and resold it for non-affordable housing purposes. The net sales proceeds of $69,711 were deposited into the Housing Asset Fund in FY 2017-18.
HOMEOWNERSHIP UNIT INVENTORY
Table 7 presents an inventory of homeownership units assisted by the Housing Successor that require restrictions, covenants, or an adopted program that protects Housing Asset Fund monies.
In FY 2020-21 two units were removed from the Housing Successor’s homeownership unit inventory, located at 810 South U St. and 608 South T St., after the property owners paid off their loans.
Tulare Housing Successor Annual Report 2020-21 11
Project Name / Address
# Assisted
Units
W. Gail Ave & N. E St. 22 07/24/08 7/24/53
1042 Tulare Ave. (Residential Unit) 1 2/17/11 2/17/56
1042 Tulare Ave. (Lot) 1 2/17/11 2/17/56
445 S. I St. 1 6/8/10 6/8/55
141 N. B St. 1 6/8/10 6/8/55
425 S. F St 1 8/11/98 8/11/48
813 N. G St 1 4/29/98 4/29/48
824 N. E St 1 8/28/01 8/28/51
720 W Tulare Ave. 1 10/22/98 10/22/48
756 S. C St 1 10/26/98 10/26/48
615 S. Sacramento St. 1 9/10/98 9/10/48
715 S. C St 1 12/29/98 12/29/48
257 W Pleasant 1 5/6/98 5/6/48
532 W King Ave. 1 8/16/02 8/16/52
572 S West 1 4/28/98 4/28/48
1304 W. Elm 1 6/17/98 7/1/48
600 S. Howard 1 10/7/98 10/7/48
505 N. F St. 1 12/14/98 12/14/48
351 N. A St. 1 9/24/01 9/24/51
625 So Sacramento 1 1/16/01 11/30/29
832 S. U St. 1 4/20/94 11/30/29
824 S. U St. 1 4/20/94 12/28/29
601 S. T St. 1 4/14/93 12/28/29
901 S. T St. 1 4/20/94 12/28/29
802 S. U 1 4/20/94 12/28/29
900 S. U St. 1 5/7/93 12/28/29
740 S. P St. 1 6/6/05 12/28/29
527 S. S 1 4/14/93 12/28/29
853 S. U St. 1 4/20/94 12/28/29
621 S. P St. 1 4/14/93 12/28/29
921 S. T 1 2/16/94 12/28/29
847 S. U 1 4/20/94 12/28/29
548 S. T St. 1 6/1/90 12/28/29
838 S. U St. 1 4/20/94 12/28/29
741 S. T St. 1 6/1/90 12/28/29
729 S. T St. 1 6/1/90 12/28/29
161 N. A St. 1 1/30/12 1/31/57
Total Units 58
Affordability Covenant Term
Table 7
Homeownership Unit Inventory
Source: City of Tulare
Tulare Housing Successor Annual Report 2020-21 12
APPENDIX 1 - HOUSING SUCCESSOR ANNUAL REPORT
REQUIREMENTS
Housing Successor Reporting Requirements
Health and Safety Code Section 34176.1(f)
Housing Asset Fund
Revenues & Expenditures
Other Assets and Active
Projects Obligations & Proportionality
Total amount deposited in the
Housing Asset Fund for the fiscal
year
Amount of deposits funded by a
Recognized Obligation Payment
Schedule (“ROPS”)
Description of any project(s)
funded through the ROPS
Description of any outstanding
production obligations of the
former Agency that were
inherited by the Housing
Successor
Statement of balance at the
close of the fiscal year
Update on property
disposition efforts (note that
housing successors may only
hold property for up to five
years, unless it is already
developed with affordable
housing)
Compliance with proportionality
requirements (income group
targets), which must be upheld
on a five year cycle
Description of Expenditures for
the fiscal year, broken out as
follows:
• Homeless prevention and
rapid rehousing
• Administrative and
monitoring
• Housing development
expenses by income level
assisted
Other “portfolio” balances,
including:
• Statutory value of any
real property either
transferred from the
former Agency or
purchased by the
Housing Asset Fund
• Value of loans and
grants receivable
Percentage of deed-restricted
rental housing restricted to
seniors and assisted by the
former Agency, the Housing
Successor, or the City within the
past ten years compared to the
total number of units assisted by
any of those three agencies
Description of any transfers to
another housing successor for a
joint project
Inventory of homeownership
units assisted by the former
Agency or the housing
successor that are subject to
covenants or restrictions or to
an adopted program that
protects the former Agency’s
investment of monies from the
Low and Moderate Income
Housing Fund
Amount of any excess surplus,
and, if any, the plan for
eliminating it
Tulare Housing Successor Annual Report 2020-21 13
APPENDIX 2 – HOUSING ASSET TRANSFER FORM
The Housing Asset Transfer Form is attached as a separate document.
Former Redevelopment Agency: Tulare Redevelopment Agency Successor Agency to the Former
Redevelopment Agency: City of Tulare
Entity Assuming the Housing Functions
of the former Redevelopment Agency: City of Tulare
Entity Assuming the Housing Functions
Contact Name: TBD Title Phone 558-684-4200 [email protected] Entity Assuming the Housing Functions
Contact Name: Title Phone
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 X
Exhibit G - Deferrals
Prepared By: Darlene Thompson, Finance Director
Date Prepared: 8/1/2012
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 lowmod 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 $85,098 1,062 No 2/1/2012 Yes No No 1-Jan-11 Ownership 2 3
4 5
6 7
8 9
10 11
12 13
14 15
16 17
18 19
20 City of Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Type of Asset a/
Low-Mod Housing -
Residental Rental
a/ Asset types may include low-mod housing, mixed-income housing, low-mod housing with commercial space, mixed-income housing with commercial space.
Square footage
reserved for lowmod housingLegal Title and
Description
1,062
APN 175-352-001 - 340
Howard Street, Tulare
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 nonRDA 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
City of Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Type of Asset a/ Description
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.
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 lowmod 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 Tulare Aspen
Associates 2,000,000 Y
Ca
Redevelopme
nt Law and
Housing Tax
Kaweah
Mgmt Co.,
Inc Construction No No
Pending - Oct,
2012
2 3
4 5
6 7
8 9
10 11
12 13
14 15
16 17
18 19
20 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.
City of Tulare
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/
Construction of a 47
Unit Affordable
Multifamily Apartments 22-Jun-11
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 $500,000.00 24-Jul-08
Construct 22 forsale single family
mutual self-help
units and whose
income is 80% or Yes
As each home is sold
the and amount is
applied to a HUD loan. 0% $ 295,250.00
2 $60,000.00 17-Feb-11
Construction of a
single residential
unit at 1042
Tulare Avenue Yes When the house is sold
0% if there's no
default under
the DDA, the
lower of the
hightes reate
then allowed by $ 60,000.00
3 $20,000.00 2/17/2011
Purchase of lot at
1042 Tulare
Avenue, Tulare Yes
No payment unless a
default under DDA,
forgiven after 45 years 0% $ 20,000.00
4 $221,407.00 3/18/2005
Purchase of land
to construct a
senior housing
project consisting
of 60 units Yes
Forgiven unless a
default under DDA
dated 3-18-2005, due in
55 years.
Default
interest rate,
lower of the
highest rate
then allowed
by law or 5%
over the
prime interest
rate
announced
by Wells
Fargo Bank $ 221,407.00
City Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Habitat for Humanity
Salvation Army
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
Loan Habitat for Humanity
Loan Self-Help
Loan
Loan
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
City Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) 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
5 $300,000.00 10/20/2007
Construction of a
81 low income
apartment units -
Phase I Yes
First 30 years from the
date a Certificate of
Occupancy is issued,will
pay interest which has
accrued on the Note
amount druing the
previous year, but in no
event to pay an amount
greater than 10% of the
residual receipts. After
the 30th annual
payment, fully amortized
level payments for the
next 25 years. Any
remaining balance shall
be due and payable on
55th anniversay of the
date of Certificate of
Occupany 3% $ 300,000.00
6 $1,250,000.00 4/6/2010
Construction of a
81 low income
apartment units - Yes Same as above line 5 3% $ 1,250,000.00 7 $250,000.00 9/21/2009
Purchase 20 unit
housing project Yes
90 days of the end of each
fiscal year of Maker.
Principal and interest in an
amount equal to the
"Agency Share of Residual
Receipts" (21% pf residual
receipts). 3% $ 250,000.00
8 $21,500.00 6/8/2010
Purchase of a
single family
house Yes
Monthly payment of
$69.15 1% $ 21,500.00
9 $21,500.00 6/8/2010
Purchase of a
single family
house Yes
Monthly payment of
$69.15 1% $ 21,500.00
Kaweah Management
Co
Kaweah Management
Co
Las Palmas
Foundation/Tulare II
Family Housing
Partners, LP Las Palmas
Foundation/Tulare II
Family Housing
Kaweah Management
Co
Loan
Loan
Loan
Loan
Loan
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
City Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) 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
10 $3,220,000.00 9/1/2010
Construct 57
housing units Yes
25% of Residual
Receipts, not to exceed
$3,000,000 due in 35
years and $220,000 due
in 55 years
0% unless
default
interest rate
shall be the
lower of the
highest rate
then allowed
by law or 2%
over the
prime interest
rate
announced
by Wells
Fargo BanK $ 3,220,000.00
11 $880,000.00 3/10/2011
Acquisition of
land to construct
49 housing units Yes
10% of Residual
Receipts, due 55 years 3% $ 880,000.00
12 $3,534.00 8/11/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 3,534.00
13 $13,084.00 4/29/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale 0% $ 13,084.00
14 $15,000.00 8/28/2001
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 15,000.00
15 $14,078.50 10/22/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 14,078.50
16 $17,833.00 10/26/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 17,650.27
17 $14,532.08 9/10/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 14,428.87
18 $14,330.00 10/22/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 14,330.00
Grace Ann MunozHertel
Wendy R Jones
Dennis & Nadine
Lutrick
Fernando Mata
Tule Vista Associates
Tulare Pacific
Associates
Loan
Loan
Marie Aguayo, etal
Alfredo & Martha
Alvarez
Juan & Maria Carrillo
Loan
Loan
Loan
Loan
Loan
Loan
Loan
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
City Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) 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
19 $14,395.00 12/29/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 14,395.00
20 $18,893.00 5/6/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 18,893.00
21 $20,000.00 8/16/2002
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 20,000.00
22 $19,844.00 4/28/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 19,844.00
23 $20,000.00 6/17/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 20,000.00
24 $14,848.00 10/7/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 14,848.00
25 $14,455.00 12/14/1998
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 14,455.00
26 $15,000.00 9/24/2001
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 15,000.00
27 $15,000.00 1/16/2001
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 14,736.88
28 $2,018.49 12/10/2008 Rehab Yes
Refinances, no longer
principal place of
residence 0% $ 2,018.49
29 $707.89 1/6/2009 Rehab Yes
Refinances, no longer
principal place of
residence 0% $ 707.89
Alfonso & Maximina
Valdivia
Pete & Iris Ormonde
Jose & Blanca
Quezada
Esperanza Rodriguez
Juan Rosales
Dolf & Dolores Saltkill
Ruben & Maria Tejeda
Erasmo & Audelia
Urrea
Alfredo Munoz
Michael Plascenia
Valeta Looper
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Loan
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
City Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) 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
30 $1,486.00 3/27/2009 Rehab Yes
Refinances, no longer
principal place of
residence 0% $ 1,486.00
31 $1,776.27 11/28/2008 Rehab Yes
Refinances, no longer
principal place of
residence 0% $ 1,747.72
32 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
33 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
34 $1,500.00 4/14/1993
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 1,500.00
35 $7,000.00 6/1/1990
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,000.00
36 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
37 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
38 $24,900.00 5/7/1993
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 24,900.00
39 $6,500.00 1984
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 6,500.00
40 $12,395.00 4/14/1993
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 12,395.00
Simon & Maria
Castaneda
Jamie & Mary Ann
Flores
Gilbert & Juana Gaona
Jose & Debra Garcia
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Roberto & Katherine
Castillo
Josephine Ruiz
Andrew & Michell
Aguilar
Alfredo & Teresa
Avelar
Filberto & Magdalena
Barajas
Loan
Petra Garza, Danny
Garza and Julio Garza
Aureliano & Maria
Gonzalez
Loan
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
City Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) 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
41 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
42 $30,000.00 4/14/1993
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 30,000.00
43 $15,000.00 5/11/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 15,000.00
44 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
45 $19,250.00 2/16/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 19,250.00
46 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
47 $5,900.00 6/1/1990
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 5,900.00
48 $5,900.00 6/1/1990
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 5,900.00
49 $7,500.00 4/20/1994
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,500.00
50 $5,900.00 6/1/1990
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 5,900.00
51 $5,900.00 6/1/1990
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 5,900.00
Alcario Sanchez
Joe Wilson
Jose L Zavala and
Guadalupe Cabrera
Jesus & Blanca Nunez
Eduardo & Teresa
Perez
Ignacio & Zoila Ponce
Agustin & Concepcion
Quiroz
Robert I Quiroz
Loan
Loan
Loan
Jesus Gonzalez
Carlos & Ramona
Guerrero
Vicente Mosqueda
Loan
Loan
Loan
Loan
Loan
Loan
Loan
Loan
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
City Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) 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
52 $7,000.00 6/1/1990
Acquisition - First
Time Home
Buyers Yes
If default "Affordability
Agreement" or the sale
of property 0% $ 7,000.00
53 Unknown Unknown Yes Unknown Unknown $ 698.50
54 $63,844.48 1/3/2012 Acquisition Yes
If default "Affordability
Agreement" or the sale
of property 3% $ 63,530.18
55 7,061,268.30
Eliseo Arzola
Terry & Pamela Bell
Felipe Avitia Jr and
Loan Celia Zepeda
Loan
Loan
Exhibit E - Rents/Operations
Item #
Type of property
with which they
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 lowmod 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
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.
City of Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) 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 lowmod housing
covenant c/
Item # from
Exhibit A the rent
is associated
with (if
applicable)
1 Single Family
Residence
Successor
Agency City of Tulare City of Tulare Low-Mod Y
Ca
Redevelopment
Law 1
2 Single Family
Residence
Successor
Agency
AmeriNational
Community
Services City of Tulare Low-Mod Y
Ca
Redevelopment
Law
3 Single Family
Residence
Successor
Agency City of Tulare City of Tulare Low-Mod Y
Ca
Redevelopment
Law
4 Single Family
Residence
Successor
Agency City of Tulare City of Tulare Low-Mod Y
Ca
Redevelopment
Law
5 6
7 8
9 10
11 12
13 14
15 16
17 City of Tulare
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/
Rental Income
Note Payment
a/ May include rents or home loan payments.
Note Payment
Note Payment
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 Tulare
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) Purpose for which
funds were deferred
Tulare Housing Successor Annual Report 2020-21 14
APPENDIX 3 – HOUSING ASSET FUND EXPENDITURE
REQUIREMENTS
Housing Asset Fund Expenditure Requirements
Health and Safety Code Section 34176.1
Expense
Category Limits Allowable Uses
Administration
and
Compliance
Monitoring
$473,985 for FY
2020-21 (limit
varies each year)
Administrative activities such as:
• Professional services (consultant fees, auditor fees, etc.) • Staff salaries, benefits, and overhead for time spent on Housing Successor administration
• Compliance monitoring to ensure compliance with
affordable housing and loan agreements
• Property maintenance at Housing Successor-owned
properties
Capped at $200,000 adjusted annually for inflation or 5% of the statutory value of real property owned by the housing successor and the value of loans and grants receivable from the HAT (“Portfolio”), whichever is greater.
Homeless
Prevention
and
Rapid
Rehousing
Solutions
$250,000
maximum per
fiscal year
Services for individuals and families who are homeless or would be homeless but for this assistance, including:
• Contributions toward the construction of local or regional homeless shelters
• Housing relocation and stabilization services including housing search, mediation, or outreach to property owners • Short-term or medium-term rental assistance
• Security or utility deposits
• Utility payments
• Moving cost assistance
• Credit repair
• Case management
• Other appropriate activities for homelessness prevention and rapid rehousing of persons who have become
homeless.
Affordable
Housing
Development
No spending
limit, but must
comply with
income and age
targets
“Development” includes:
• New construction
• Acquisition and rehabilitation
• Substantial rehabilitation
• Acquisition of long-term affordability covenants on
multifamily units
• Preservation of at-risk units whose affordable rent
restrictions would otherwise expire over the next five years Tulare Housing Successor Annual Report 2020-21 15
Housing Asset Fund Expenditure Requirements
Health and Safety Code Section 34176.1
Expense
Category Limits Allowable Uses
Income Targets Every five years (currently Fiscal Years Ending 2020-2024), Housing Asset Funds must meet income targets:
• At least 30% on extremely low income rental households (up to 30% AMI or “Area Median Income”)
• No more than 20% on low income households (60-80%
AMI)
Moderate and above moderate income households may not
be assisted (above 80% AMI).
Failure to comply with the extremely low income requirement in any five-year compliance period will result in having to ensure that 50 percent of remaining funds be spent on
extremely low income rental units until in compliance.
Exceeding the expenditure limit for low households earning between 60-80% AMI in any five-year reporting period will result in not being able to expend any funds on these income categories until in compliance.
Age Targets For the prior ten years (resets every year), a maximum of 50% of deed-restricted rental housing units assisted by the Housing Successor or its host jurisdiction may be restricted to seniors.
If a housing successor fails to comply, Housing Asset Funds may not be spent on deed-restricted rental housing restricted to seniors until in compliance.
CITY OF TULARE
AGENDA ITEM TRANSMITTAL SHEET
Submitting Department: Engineering Services / Engineering For Council Meeting of: March 15, 2022
Documents Attached: ☐Ordinance ☐Resolution ☐Other ☒None AGENDA ITEM:
Consider a request by The Gas Company to patch Pleasant Avenue utilizing infrared heating.
IS PUBLIC HEARING REQUIRED: ☐Yes ☒No
BACKGROUND/EXPLANATION:
Project EN0084 – Pleasant Avenue Improvements Project addresses pavement and utility infrastructure improvements along Pleasant Avenue between the Enterprise Street and N ‘H’ Street. As part of the larger project, curb, gutter, ramp, and sidewalk improvements to facilitate a future traffic signal at the intersection of Pleasant Avenue and West Street will be constructed. Signal poles and luminaires will be installed with the project along with underground conduits in preparation for the future traffic signal. Full traffic signal build-out is included as an alternative bid item with the current project. A recommendation regarding the full build-out alternative will be made to City Council once bids are opened and funding is identified.
During the design phase of the project, notification of the pending project was provided to the affected public utility companies, which included The Gas Company. The intent of this notification is to provide an opportunity for the various utility companies to evaluate their infrastructure within the project limits, and to hopefully allow them to coordinate any necessary repairs to that infrastructure with the City project. In doing so, it is the goal of the City to avoid instances where the utility companies cut into newly constructed roadways for several years.
Such cuts invariably impact the structural integrity of the roadway and adversely impact its expected service life. They also result in the public perception that the City is not properly coordinating work, and is subsequently wasting taxpayer money by cutting into recently repaired streets.
In October of 2021, while the City’s contractor was performing underground utility work on the project, a gas leak was discovered in the existing gas mainline. The Gas Company was notified and responded to the leak. At that time, the specific leak was repaired, and Gas Company personnel noted the poor condition of pipelines in this area due to their age and type of material used. It was communicated to City staff that there was no plan to replace their infrastructure in this area at that time.
Within months of completion of the reconstruction and paving of Pleasant Avenue between West Street and E Street, The Gas Company identified the need for emergency repairs to their gas main in Pleasant Avenue west of “A” Street; the same area as the prior leak. They applied for and received a City encroachment permit to make the repairs. As a result of the repairs, several cuts have been made in the recently reconstructed roadway. To restore these areas, the City has requested that The Gas Company mill and overlay sections of pavement beyond AGENDA ITEM: Gen. Bus. 2(a)
the limits of the cuts, resulting in repaved areas that extend from the lip of gutter to the centerline of the street. Not only does this reduce the negative aesthetic impact of a “patch,” but from a structural integrity standpoint, this would place the longitudinal seams of the patches outside of the wheel path of vehicles and minimize the potential for degradation of the repair. By creating a larger paved area for the patch, impacts to ride quality would also be reduced. Placing the seam between the patch area and the existing asphalt at centerline is also expected to reduce the risk of accelerated pavement failure.
Representatives of The Gas Company have requested that they be allowed to use an alternative method to repair the street cuts made during their gas main repairs. The method would limit the required paving to the areas of roadway excavation. An infrared heater would be used to heat and soften the asphalt so that the seams between the pavement patch and the existing asphalt could be blended together. Conceptually, the result is a virtually seamless surface. City staff initially denied the request to use this method based on the following concerns:
• There is the risk and likelihood of overheating the asphalt with the infrared heater, resulting in the oil in the asphalt material burning off. This increases the brittleness of the pavement, thereby reducing its longevity.
• The infrared heater can only soften the upper inch or so of the asphalt pavement being treated, and the lower depths of asphalt (3-inches, in this case) are not affected and cannot be fully blended together at the seam between the patch and existing asphalt. In such a case, there would still be a subsurface seam which in time could reflect through to the surface and cause premature failure of the paving at that location.
When presented with these concerns, representatives of The Gas Company indicated that this method of pavement repair is routinely performed throughout the region with successful results. They further indicated that they would guarantee the repairs for the life of the paving.
Staff can confirm that this method has been used elsewhere, including within the City of Tulare. However, we don’t have a sufficient history with its use to verify the longevity of repairs made utilizing this method.
Due to the concerns staff has regarding the alternative method being requested by The Gas Company, and the potential impacts to a high-profile capital improvement project that represents a significant financial investment by the City, it was determined that Council should be advised of the situation and given the opportunity to provide direction regarding the matter.
A representative of The Gas Company has indicated that they will be in attendance to answer questions from Council.
STAFF RECOMMENDATION:
Consider a request by The Gas Company to patch Pleasant Avenue utilizing infrared heating.
CITY ATTORNEY REVIEW/COMMENTS: ☐Yes ☒N/A
IS ADDITIONAL (NON-BUDGETED) FUNDING REQUIRED: ☐Yes ☒No ☐N/A FUNDING SOURCE/ACCOUNT NUMBER:
N/A
Submitted by: Michael Miller Title: City Engineer
Date: March 7, 2022 City Manager Approval: ____________