AgdaPkt 2010-07-12 - Laserfiche WebLink

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6.3B PaQe 8 Attachment 2 anticipated. Funding for the Downtown Code Enforcement position also continues. Due to the State take-a-way for the SERAF payments as described above, there will be no new appropriations in the capital budget for the Agency's general fund in FY 20010/11. However, projects and programs previously identified will continue with funding from rollovers and mid-year budget adjustments in FY 09/10. This includes funding for economic incentive programs and the Marina Area to fund feasibility and planning studies that may be required. Finally, there is RDA funding for the Hoover Mobility Project budgeted as planning and seed money to implement the improvements recommended as a result of the Mobility Study completed in FY 08/09. RDA Housing Funds (See Exhibit B) In Fiscal Year 2010/11 the proposed operating budget for housing funds includes total revenues of $5,252,761. This includes the required 200/0 set-a-side of tax increment, the legal aid society payment, and the first loan payment from the RDA general fund for the SERAF payment. Expenditures will be $934,127 and includes planning and general administrative expenses which are required to fulfill the priorities of the Agency's affordable housing requirements and goals. It also includes funding for the revolving home improvement loan program for rehabilitation of qualified residences, and debt service. There is $2,931,993 million in the capital budget proposed for the Bradford Street Project. Additionally, there is $5,592,053 in a land acquisition fund for future sites to be used for affordable housing. FY 2009/10 WORK PROGRAM AND ACCOMPLISHMENTS As previously stated, the Agency's multi-year work program to eliminate blight in the Redevelopment Project Area is contained in the Agency's 2005-2010 Five- Year Implementation Plan, the Council's newly adopted strategic plan, the proposed amended Downtown Precise Plan (DPP), the guiding principles adopted as part of the new General Plan Update process and the FY 2009/10 budget report. RDA General Fund Work Program The specific work program for the FY 2009/10 Agency general fund included continued support for downtown events and marketing with emphasis on securing sponsorships; ongoing private sector support, expanded community programming and adoption of the Courthouse Square ordinance (Chapter 33). This has provided specific requirements as well as guidelines for use of the Square. It also established a fee schedule for certain events in the Square. 4