HomeMy WebLinkAbout06-19-2014 Council Agenda Item 3:00 PM C Amended Supplement RECEIVED
Agenda Item: 3:00 P.M. "C" Corrected
('014 JUN 18 PM `I 03 Date: 6/19/14
CITY CLERK, FRESfPnSNO CITY COUNCIL
City of
\I//
Supplemental Information Packet
Agenda Related Items - 3:00 P.M. "C"
Supplemental Packet Date: June 19, 2014
Items
RESOLUTION -Approving the Loans Made by the City of Fresno to the Former Redevelopment
Agency of the City of Fresno as an Enforceable Obligation and Make a Finding that Each of the
Loans were Made for a Legitimate Redevelopment Purpose (Successor Agency and
Fresno Revitalization Corporation action)
Supplemental Information:
Any agenda related public documents received and distributed to a majority of the City Council after the
Agenda Packet is printed are included in Supplemental Packets. Supplemental Packets are produced as
needed. The Supplemental Packet is available for public inspection in the City Clerk's Office, 2600
Fresno Street, during normal business hours(main location pursuant to the Brown Act, G.C. 54957.5(2).
In addition, Supplemental Packets are available for public review at the City Council meeting in the City
Council Chambers, 2600 Fresno Street. Supplemental Packets are also available on-line on the City
Clerk's website.
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City of
CI M I n Ik0w
REPORT TO THE SUCCESSOR AGENCY AGENDA ITEM NO. 3 D 0 pm G"
TO THE REDEVELOPMENT AGENCY OF THE MEETING: 6/19/14
THE CITY OF FRESNO AND THE FRESNO APPROVED BY
REVITALIZATION CORPORATION EXEC E DIRECTOR
DATE: June 19, 2014
FROM: MARLENE MURPHEY, Executive Director
Successor Agency
BY: DEBRA BARLETTA, Finance Officer
Successor Agency
SUBJECT: Resolution of the Successor Agency to the Redevelopment Agency and the Fresno
Revitalization Corporation Re-Establishing Loans Between the City of Fresno and
Former Redevelopment Agency as Enforceable Obligations, Directing Submittal of the
Loan Agreements to the Oversight Board to Consider the Loan Agreements are for a
Legitimate Redevelopment Purpose, and Taking Certain Related Actions
RECOMMENDATION
It is recommended that the Successor Agency to the Redevelopment Agency of the City of Fresno
approve the attached resolution pursuant to Health and Safety Code Section 34191.4 re-establishing
each of the loans identified in Exhibit A as an enforceable obligation and finding that each of the loans
were made for a legitimate redevelopment purpose.
EXECUTIVE SUMMARY
Under ABX1 26, (the Dissolution Act), the repayment of most loans made by a Sponsoring
Community (e.g. City of Fresno) to its former RDA became unenforceable as of February 1, 2012,
and were not subject to repayment by the Successor Agency. Under AB 1484, following a Finding of
Completion by the Department of Finance ("DOF") and with approval by the Oversight Board and
DOF, loan agreements as of February 1, 2012, between the Sponsoring Community and former RDA
can be deemed enforceable obligations if the Oversight Board finds that the loans were for legitimate
redevelopment purposes (Section 34191.4 (b)).
In order to obtain a Finding of Completion (FOC), agencies must complete two Due Diligence
Reviews that generally include meeting and conferring with DOF-- an altogether lengthy process —
and pay the full amount due as determined by DOF or as superseded by a final judicial determination.
The Fresno Successor Agency completed both Due Diligence Reviews. The FSA filed a lawsuit
involving several issues, including DOF's improper determination of amounts due under the Due
Diligence Reviews, and received a favorable ruling from the Superior Court of California. The Fresno
Successor Agency has paid the amount due as resolved by the final judicial determination and has
very recently received its Finding of Completion from DOF.
REPORT TO THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO AND
THE FRESNO REVITALIZATION CORPORATION
Repayment of Loans from the City of Fresno to the former Redevelopment Agency
June 19, 2014
Page 2
AB 1484 places several conditions on the repayment of loans by the Successor Agency to the City
including:
1. Accumulated interest on the loan is recalculated from loan origination at the Local Agency
Investment Fund "LAIF" interest rate and supersedes any different interest calculation in the
loan agreement;
2. In the future, interest is limited to the LAIF rate;
3. Loan repayments to the City cannot begin until FY 2014-15 and are to be paid according to a
defined schedule over a reasonable term of years with the maximum annual repayment
amount limited by statutory formula;
4 Loan repayments received by the City must first be applied to retire any outstanding amounts
that had been previously borrowed by the former RDA from its Low Moderate Income Housing
Fund LMIF; and,
5 Twenty percent of any remaining repayments received by the City are deducted and placed in
the Housing Asset Fund maintained by the Housing Successor.
Establishment of Debt
Former redevelopment agencies were funded primarily through tax increment. Tax increment in its
simplest form is the increase in property value assessment stemming from improvements created
through redevelopment. Redevelopment improvement projects were generally funded through tax
increment financing, a tool adopted by the state legislature in 1952. According to state law, the
establishment of debt was required in order to receive tax increment. An agency's debt is reflected
on its Statement of Indebtedness (SOI) that was filed each year in order to receive increment funds
for the year. Section 33675 (h)(1) of the California Health and Safety Code provides that "the
statement of indebtedness constitutes prima facie evidence of the loans, advances or indebtedness
of the agency." None of the Agency's SOI's were contested by the County Auditor-Controller within
the 30 day period allotted under H&SC 33675 (h)(2)(A). The Auditor-Controller's acceptance of an
SOI listing as evidence of debt, and its allocation of tax increment to the Former RDA on the basis of
that listing, establishes that the debt is for a "legitimate redevelopment purpose."
Loan Repayment
Fresno's former RDA has debt obligations as shown in the attached chart. All of the obligations are
evidenced in the Annual Statement of Indebtedness (SOI). The oldest debt obligation is from 1976 in
West Fresno II for construction of the Municipal Service Center. No debt obligations originate after
2003. Fresno's RDA never approached the debt limits agreed to by taxing entities and established
through the adopted plans. The total original principal is $48,845,673.47 and $18,622,672.59 in
payments have been made as of 12/31/14. The interest rate will be calculated pursuant to the Health
and Safety Code.
The maximum repayment amount each fiscal year is limited to one half of the increase between the
amount distributed to taxing entities in that fiscal year and the amount distributed to taxing entities in
the 2012-13 base year. DOF requires that the 2013-14 residual amounts available for distribution
must be based upon actual amounts therefore agencies were not able to request repayment for loans
REPORT TO THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO AND
THE FRESNO REVITALIZATION CORPORATION
Repayment of Loans from the City of Fresno to the former Redevelopment Agency
June 19, 2014
Page 3
until ROPS 14-15A (i.e. July 1, 2014). The FSA lawsuit resolution and subsequent Finding of
Completion now enables submission of the loans. If approved by DOF, the payback could
commence in January 2015.
ENVIRONMENTAL FINDINGS:
This is not a project for purposes of the California Environmental Quality Act and the CEQA
Guidelines because it is an organizational or administrative activity of government that will not result
in direct or indirect physical changes in the environment (CEQA Guidelines Section 15378(b)(5)).
Further, it can be seen with certainty that there is no possibility that approval of the LRPMP may have
a significant effect on the environment and thus the action is exempt from CEQA (CEQA Guidelines
Section 15061(b) (3)).
LOCAL PREFERENCE: N/A
FISCAL IMPACT:
After the 20% deduction for deposit to the LMIHAF, it is estimated that, if approved, the allowable
repayment amount in January 2015 would be approximately $3.4 million.
Attachments: Joint Resolution of the Successor Agency to the Redevelopment Agency of the City
of Fresno and the Fresno Revitalization Corporation
Exhibit A
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SUCCESSOR AGENCY RESOLUTION NO.
FRESNO REVITALIZATION CORPORATION RESOLUTION NO.
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY AND THE FRESNO
REVITALIZATION CORPORATION RE-ESTABLISHING
LOANS BETWEEN THE CITY OF FRESNO AND THE
FORMER REDEVELOPMENT AGENCY AS
ENFORCEABLE OBLIGATIONS, AND DIRECTING
SUBMITTAL OF THE LOAN AGREEMENTS TO THE
OVERSIGHT BOARD TO CONSIDER THE LOAN
AGREEMENTS WERE FOR A LEGITIMATE
REDEVELOPMENT PURPOSE, AND TAKING CERTAIN
RELATED ACTIONS
WHEREAS, the Fresno Redevelopment Agency (the "Former RDA") was a duly
constituted redevelopment agency pursuant to provisions of the Community
Redevelopment Law (the "Redevelopment Law") set forth in Section 33000 et seq. of
the Health and Safety Code ("HSC") of the State of California (the "State"); and
WHEREAS, the Former RDA and the City of Fresno (the "City") entered into loan
agreements identified in Exhibit A attached hereto and incorporated herein ("Loan
Agreements") pursuant to which the City loaned monies to the Former RDA in the
original principal amount of$48,845,673.47 (the "Loans"); and
WHEREAS, Annual Statements of Indebtedness constituting prima facie
evidence that the Loans were made for a legitimate redevelopment purposes are on file
in the Successor Agency offices; and
WHEREAS, pursuant to AB X1 26 (which became effective at the end of June
2011), and the California Supreme Court's decision in California Redevelopment
Association, et al. v. Ana Matosantos, et al. (53 CalAth 231(2011)) (together AB X1 26,
Matosantos, and AB 1484 are referred to as the "Dissolution Laws"), the Former RDA
was dissolved as of February 1, 2012, the Successor Agency was constituted as the
successor entity to the Former RDA, and an oversight board of the Successor Agency
(the "Oversight Board") was established; and
WHEREAS, pursuant to AB X1 26, except for those provisions of the
Redevelopment Law that are repealed, restricted or revised pursuant to AB X1 26, all
authority, rights, powers, duties and obligations previously vested with the Former RDA
under the Redevelopment Law are vested in the Successor Agency; and
WHEREAS, pursuant to HSC Sections 34171(d) and 34178, Loan Agreements
became invalid and non-binding on the Successor Agency as of February 1, 2012;
provided, however, that pursuant to HSC Section 34191.4(b), the Loans shall be re-
established and the Loan Agreements shall be deemed to be enforceable obligations
Page 1 of 4
Date Adopted:
Date Approved
Effective Date Successor Agency Resolution No
City Attorney Approval:
after the Successor Agency receives a finding of completion (a "Finding of Completion")
from the State Department of Finance (the "DOF") under HSC 34179.7, if the Oversight
Board makes a finding that the Loans were for legitimate redevelopment purposes; and
WHEREAS, the DOF issued a Finding of Completion to the Successor Agency
on June 2, 2014; and
WHEREAS, the Board desires to adopt this Resolution and requests the
Oversight Board make a finding that the Loans were made for legitimate redevelopment
purposes in order to re-establish the Loan Agreements as enforceable obligations for
the purposes of HSC Section 34191.4(b); and
WHEREAS, it is recognized that, pursuant to HSC Section 34191.4(b), the
repayment amount authorized each fiscal year for the re-established Loans pursuant to
HSC Section 34191.4(b) to be repaid by the Successor Agency to the City shall not
exceed one-half of the increase between the amount distributed to taxing entities
pursuant to HSC Section 34183(a)(4) in that fiscal year and the amount distributed to
taxing entities pursuant to HSC Section 34183(a)(4) in the 2012-13 base year; and
WHEREAS, it is further recognized that HSC Section 34191.4(b)(2) provides that
20 percent of each Loan repayment will be deducted and transferred to the Low and
Moderate Income Housing Asset Fund established and held by the City in the City's
capacity as the housing successor to the Former RDA pursuant to HSC Section 34176.
NOW, THEREFORE, THE SUCCESSOR AGENCY TO THE FRESNO
REDEVELOPMENT AGENCY AND THE FRESNO REVITALIZATION
CORPORATION HEREBY FIND, DETERMINE, RESOLVE, AND ORDER AS
FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part of
this Resolution.
Section 2. Pursuant to the Dissolution Laws, the Successor Agency finds and
determines that the Loans were made for legitimate redevelopment purposes within the
meaning of Section 34191.4 and the Loan Agreements are Enforceable Obligations that
shall be included on each subsequent Recognized Obligation Payment Schedule
(ROPS) until repaid in full.
Section 3. The Successor Agency hereby requests the Oversight Board make a
finding that the Loans were for legitimate redevelopment purposes and the Loan
Agreements are enforceable obligations, with the recognition that the repayment terms
thereunder shall be modified in accordance with the requirements of HSC Section
34191.4(b). The Executive Director of the Successor Agency is hereby authorized and
directed to transmit a copy of this Resolution to the Oversight Board.
Page 2 of 4
Section 4. The Finance Officer or Executive Director of the Successor Agency is
hereby authorized to develop a repayment schedule for the Loan in accordance with the
requirements of Section 34191.4(b). Recognizing that the actual dollar amount to be
repaid by the Successor Agency for each scheduled repayment is subject to the
availability of funds from the Redevelopment Property Tax Trust Fund and the
limitations set forth in HSC Section 34191.4(b), the Finance Officer or Executive
Director of the Successor Agency is hereby authorized to modify the repayment
schedule from time to time based on the requirements of HSC Section 34191.4(b) and
the actual circumstances at the time of the modification.
Section 5. The Executive Director is hereby authorized and directed to do any
and all things and to execute and deliver any and all instruments which may be
necessary or advisable in order to effectuate the purposes of this Resolution.
Page 3 of 4
CLERK'S CERTIFICATION
STATE OF CALIFORNIA }
COUNTY OF FRESNO } ss.
CITY OF FRESNO }
I, YVONNE SPENCE, Ex Officio Clerk of the Successor Agency, hereby certify
that the Successor Agency to the Redevelopment Agency of the City of Fresno,
adopted the foregoing resolution at a joint public meeting held on the day of
2014, and that the same was passed by the following vote:
AYES
NOES
ABSENT
ABSTAIN
YVONNE SPENCE, CMC
Ex-Officio Clerk of the Agency
BY:
Deputy
APPROVED AS TO FORM:
Douglas T. Sloan
Ex-Officio Attorney to the Agency
BY:
Katherine B. Doerr [Date]
Supervising Deputy
KBD:elb[65035elb/kbd]Reso 061214
Page 4 of 4
EXHIBIT"A"
NOTES AND REPAYMENT AGREEMENTS BETWEEN RDA AND CITY OF FRESNO
AS OF DECEMBER 31,2014
J:\Department of Finance\City Loan Repayment\[Backup of RDA Note Summary by Project Area 12-31-14 w-o Retired Notes(2a)PAYMENT CORRECTION 6-1 B-14 FOR COUNCIL STAFF REPORT.)ds]RDA Note Summary
PLAN DISPOSITION& STATEMENT
ADOPTION OBLIGATION BEGINNING PROMISSORY REPAYNTT. REIMS. LOAN DEVELOPMENT OF PAYMENTS
ITEM# ROPS PRCIJEC-PAREW DATE DATE NOTE# PRINCIPAL PAYMENTS NOTE AGRMT. AGRMT. AGRNIT. AGREEMENT INDEBTEDNESS MADE
1 56 FATRA PROJECT AREA 7/18/1988 6/30/1989 3A 109,400.00 YES YES N/A N/A N/A YES YES
2 1 CENTRAL BUSINESS DISTRICT 3/16J1961 7J15/1991 10 85,000.00 98,300.00 YES YES N/A NJA N/A YES YES
3 2 CENTRAL BUSINESS DISTRICT 3/16J1961 1/26/1996 11 192,100.00 NO YES N/A N/A N/A YES NO
4 3 CENTRAL BUSINESS DISTRICT 3/16/1961 6/30/1997 12 246,700.00 - NO YES N/A N/A N/A YES NO
5 62 CENTRAL BUSINESS DISTRICT 3/16/1961 4/1/2001 13 1,500,000.00 1,327,523.50 N/A N/A N/A YES N/A YES YES
6 CSO•DOWNTOWN STADIUM AGRMT 3/16/1961 8/24/2000 1,600,000.00 N/A N/A N/A N/A YES YES tN
7 50 CHINATOWN EXPANDED PROJECT 8/23/1965 6J30/1979 1 31,800.00 38,300.00 YES YES N/A N/A N/A YES
8 51 CHINATOWN EXPANDED PROJECT 8/23/1965 4/22/1983 3 77,400.00 105.854.25 YES YES N/A N/A N/A YES
9 52 CHINATOWN EXPANDED PROJECT 8J23/1965 3/26/1984 4 277,000.00 - YES YES N/A N/A N/A YES
10 53 CHINATOWN EXPANDED PROJECT 8/23/1965 5/25/1990 5 481,000.00 YES YES N/A N/A N/A YES
11 CHINATOWN EXPANDED PROJECT 8/23/1965 5/15/1996 6 120,000.00 - NO YES N/A N/A N/A YES
12 CHINATOWN EXPANDED PROJECT 8/23/1965 6/30/1997 7 30,000.00 NO YES I WA N/A N/A YES NO
13 63 cowwTION CENTER PROJECT 1/12/1982 10/29/2009 24 2,300,000.00 YES N/A YES N/A NJA YES YES
14 63 CONVENTION CENTER PROJECT 1/12/1982 10/29J2009 25 YES N/A YES N/A N/A YES YES
15 4 CORRIDOR 99 6J24J2003 6/30/1997 1 50,000.00 NO NO N/A N/A N/A YES NO
16 7 FRUIT/CHURCH PROJECT 10/7/1971 6J30/1992 7 21,000.00 21,500.00 YES YES NJA N/A N/A YES YES
17 10 FULTON(UPTOWN) 6/30/1998 6/30/1997 1 150,000.00 NO YES N/A N/A N/A YES NO
18 11 FULTON PROJECT 6/30/1998 6/30/1988 1 10,000.00 YES YES N/A N/A WA YES NO
19 12 FULTON PROJECT 6/30/1998 1/22/1991 2 170,000.00 YES YES N/A N/A WA YES NO
20 13 FULTON PROJECT 6/30/1998 5/20/1992 3 365,000.00 YES YES N/A N/A I N/A YES NO
21 14 FULTON PROJECT 6/30/1998 7/13/1994 4 48,800.00 YES YES N/A N/A NJA YES NO
22 15 FULTON PROJECT 6 30J1998 4/27/1995 5 1,000.00 YES YES N/A N/A NJA YES NO
23 64 FULTON PROJECT 6/30J1998 4/15J2001 6 1,500,000.00 1,327,523.48 N/A N/A N/A YES NJA YES YES
24 5 HIGHWAY CITY PROJECT 6J30/1988 1 10,000.00 3,900.00 YES YES N/A N/A N/A NJA YES
25 6 HIGHWAY CITY PROJECT 7/13/1994 2 24,100.00 YES YES N/A N/A N/A NJA NO
26 16 JEFFERSON PROJECT 12/18J1984 6J30/1986 1 83,813.00 83,813.00 YES YES N/A N/A N/A YES YES
27 25 JEFFERSON PROJECT 12/18J1984 6/30/1997 10 332,800.00 NO YES N/A N/A NJA YES NO
28 26 JIEFFERSON PROJECT 12/18/1984 6J30J1997 11 304,232.61 NO YES N/A N/A N/A YES NO
29 .27 JEFFERSON PROJECT 12/18/1984 6/30J1997 .12 148,398.00 NO YES N/A N/A N/A YES NO
30 1 28 JJIEFFERSON PROJECT 12J18/1984 4/29J1998 13 4,047,058.00 120,918.20 YES YES N/A N/A N/A 'YES YES
31 17 JEFFERSON PROJECT 12/18J1984 6/30/1989 2 180,076.00 YES YES N/A N/A N/A YES NO
32 18 JEFFERSON PROJECT 12/18/1984 6/30/1989 3 100,000.00 14,700.00 YES YES N/A N/A N/A YES YES
33 1 19 1JEFFERSON PROJECT 12/18/1984 6/26/1991 4 40,000.00 YES YES N/A N/A N/A YES NO
34 20 1JEFFERSON PROJECT 12/18/1984 7/6J1993 5 427,000.00 YES YES N/A NJA N/A YES NO
35 1 21 1JEFFERSON PROJECT 12/1811984 6J30/1995 6 108,500.00 YES YES N/A N/A N/A YES NO
36 1 22 IJEFFERSON PROJECT 12/18/1984 6/30/1995 7 241,540.00 YES YES N/A N/A N/A YES NO
37 1 23 IJEFFERSON PROJECT 12/18/1984 6/30/1996 8 458,700.00 NO YES N/A N/A N/A YES NO
38 24 JEFFERSON PROJECT 12/18/1984 6/30/1996 9 1,001,590.00 NO YES N/A N/A WA YES NO
39 40 KINGS CANYON(S/E FRESNO REVIT.) 6/29/1999 1 6/30/1997 1 50,000.00 NO NO N/A N/A N/A YES NO
40 30 IMARIPOSA PROJECT AREA 1/14/1969 6/30J1988 10 2,100,000.00 135,500.00 YES YES N/A N/A N/A YES YES
41 31 iMARIPOSA PROJECT AREA 1/14/1969 4J4/1990 11 900,000.00 YES YES N/A N/A N/A YES NO
42 32 MARIPOSA PROJECT AREA 1/14/1969 4/29J1991 12 150,000.00 YES YES N/A N/A N/A YES NO
43 33 MARIPOSA PROJECT AREA 1/14/1969 6J26/1991 13 20,000.00 YES YES N/A N/A N/A YES NO
44 34 MARIPOSAPROJECTAREA 1/14/1969 6/30/1992 14 750,000.00 YES YES N/A N/A N/A YES NO
45 1 35 ITAARJP05A PROJECT AREA 1/14/1969 1/26/1996 15 36,636.00 NO YES N/A N/A N/A YES NO
46 36 JIMARIPOSA PROJECT AREA 1/14/1969 5J15J1996 16 398,900.00 NO YES WA NIA NIA YES NO
47 37 MARIPOSA PROJECT AREA 1/14/1969 6J30/1997 '17 63,400.00 NO YES N/A NJA NIA YES NO
48 29 IVIARI POSA PROJECT AREA V14/1969 6J30/1980 4 4,190,493.54 YES YES N/A NIA NIA YES NO
49 66 I'INEDALE PROJECT 6J30/1988 2 132,000.00 19,190.62 YES YES NIA NJA N/A N/A YES
50 57 ROEDING BUSINESS PARK 7/16/1996 3/6/1995 1 360,000.00 NO NO NJA NJA NIA YES NO
51 58 ROEDING BUSINESS PARK 7/16/1996 5/15/1996 2 43.100.00 NO NO N/A N/A N/A YES NO
52 j 59 ROEDING BUSINESS PARK 7/16/1996 8/31/1999 3 944,000.00 1,189,350.29 YES N/A NJA N/A I N/A YES YES
53 60 ROEDING BUSINESS PARK 7/1611996 8/31/1999 4 621,000.00 YES N/A N/A NIA N/A YES NO
54 61 ROEDING BUSINESS PARK 7/16J1996 5/16/2003 6 200,000.00 N/A N/A NJA YES N/A YES NO
55 65 ROEDING BUSINESS PARK 7/16 1996 7/22/2003 7 1,443,411.50 YES N/A N/A YES N/A YES NO
56 38 SOUTH VAN NESS PROJECT 6/30/1998 6/30/1988 1 10,000.00 903.90 YES YES N/A WA N/A YES YES
57 48 SOUTHWEST FRESNO PROJECT 1/14/1969 6/30/1986 10 116,500.00 YES YES WA WA N/A YES NO
58 49 SOUTHWEST FRESNO PROJECT 1/14/1969 t6/30/1980
4 11 600,000.00 430,000.00 YES YES N/A NIA N/A YES YES
59 8 SOUTHWEST FRESNO PROJECT 1/14/1969 8 2 1,296,596.80 1,567,162.62 YES YES N/A NIA N/A YES YES
60 42 SOUTHWEST FRESNO PROJECT 1/14J1969 9 .3 2,100,663.98 1,868,078.72 YES YES N/A N/A N/A YES YES
61 43 SOUTHWEST FRESNO PROJECT 1/14/1969 4 2,805,508.38 2,035,949.43 YES YES N/A WA N/A YES YES
62 9 SOUTHWESTFRESNOPROJECT 1/14/1969 1 5 874,990.58 YES YES N/A N/A N/A YES NO
63 44 SOUTHWEST FRESNO PROJECT 1/14/1969 2 6 327,309.00 YES YES N/A NJA N/A YES NO
64 45 SOUTHWEST FRESNO PROJECT 1/14/1969 6J30/1983 7 425,793.27 NO YES N/A N/A N/A YES NO
65 46 SOUTHWEST FRESNO PROJECT 1/14/1969 6J30/1984 8 287,502.29 YES YES NJA N/A N/A YES NO
66 47 SOUTHWEST FRESNO PROJECT V14/1969 6/30/1985 9 735,973.29 YES YES NJA N/A N/A YES NO
67 1 54 1NEST FRESNO I 9/24/1964 12/20/1983 1 700,000.00 YES YES NJA N/A N/A YES NO
68 39 HVEST FRESNO II PROJECT 12/19/1963 10/1/1976 NOTE 9,287,887.24 8,234,204.59 NO YES N/A N/A WA YES YES
TOTALS 48,845,673.47 18,622,672.59
I Subject to annual tax increment calculation