For fiscal year July 1, 2001 - June 30, 2002, the City of Fontana Redevelopment Agency completed the following project activities:

Downtown Redevelopment Project
All of the anticipated Fiscal Year 2001/2002 tax increment was committed to debt service payments. There was no available funding for new redevelopment projects for the Downtown Project Area. However, Agency staff worked with the Downtown Revitalization Task Force to assist them in establishing a vision for the future of the central part of the City. Additionally, significant investment in developing the Civic Center campus was made in Fiscal Year 2001/2002.

Total expenditures of capital projects funds amounted to $107,734.00:

Jurupa Hills Redevelopment Project
The Fiscal Year 2001/2002 budget provided for the continued monitoring and implementation of the OPA, Facilitation Agreement, Development Agreement, Second Agreement and the various other linked agreements between the Agency, City, and the Master Developer (Ten-Ninety, LTD) to ensure compliance and to avoid potential costly litigation and legal expenses.

Although not directly funded by Agency revenues, staff worked on an important "Robert W. Weddle Capital Improvement Project" that did benefit the Project Area. The project included the design and of the north side of Jurupa Avenue to its full right-of-way from Sierra Avenue west to Mulberry Avenue.

Total expenditures of capital projects funds amounted to $1,626,459.00:

North Fontana Redevelopment Project
In Fiscal Year 2000/2001, the Redevelopment Agency sold five (5) acres of commercial property to a mid western hotel chain for construction of a business-class hotel and restaurant facilities. The hotel was actually constructed and opened in Fiscal Year 2001/2002.

There was a significant amount of residential development that took place in North Fontana. The significant residential growth has resulted in substantial tax increment revenues that allowed for the refinancing of existing bonds and the creation of capital funds for new projects. These projects included the Baseline Storm Drain and Street Improvements, Summit Avenue Utility and Street Improvements, San Sevaine Multi-purpose Trail, and the Sierra Avenue Street Improvements.

Total expenditures of capital projects funds amounted to $1,103,449.00:

Sierra Corridor Redevelopment Project
No capital projects were constructed in Fiscal Year 2001/2002.

The Fiscal Year 2001/2002 revenues to the extent available, were utilized to assist in implementing the workout strategy for the Empire Center. Staff and its team of consultants mounted an intensive effort to resolve all financial issues and land use element such that the City could convey the land to a private developer in the near future.

Total expenditures of capital projects funds amounted to $90,684.00:

Southwest Industrial Park Redevelopment Project
There has been significant industrial growth in SWIP resulting in greater tax increment revenues for the Agency, jobs for the people, and general revenue for the City. The Agency's most recent project in SWIP was the completion of the Auto Mall. The Agency sold 27.53 acres of land to Sunrise Management Company for the relocation and development of a Ford dealership and several additional franchises. Required infrastructure construction by the Agency to serve the general area of the Auto Mall area was completed. Looking to the future, the focus of the Agency efforts in Fiscal Year 2001/2002 was to:
1). Evaluate and develop the economic potential of the Valley Boulevard Corridor (the northern portion of SWIP); and
2). Final construction of a key segment of the San Sevaine Flood Control System (Jurupa avenue south to Philadelphia).

Total expenditures of capital projects funds amounted to $1,405,061.00: