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For fiscal year July 1, 2002 - June 30, 2003, the City of
Fontana Redevelopment Agency completed the following project
activities:
Downtown Redevelopment Project
Agency staff continued to work extensively with the Downtown Revitalization Task Force and the newly formed Downtown Business Association to assist them in establishing a vision for the future of the central part of the City. All of the anticipated Fiscal Year 2002/2003 tax increment was committed to debt service payments. There was no available funding for new redevelopment projects for the Downtown Project Area.
Total expenditures of capital projects funds amounted to
$624,800.00:
| Operating Expenditures |
$ 124,800.00 |
| Contractual Services |
$130,000.00 |
| Land & Improvements |
$ 370,000.00 |
| Total Expenditures |
$ 624,800.00 |
Jurupa Hills Redevelopment Project
The Fiscal Year 2002/2003 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 of the north side of Jurupa Avenue to its full right-of-way
from Mulberry Avenue east to Sierra Avenue.
Total expenditures of capital projects funds amounted to
$1,734,900.00:
| Operating Expenditures |
$ 87,600.00 |
| Project Improvement/Construction Costs |
$ 1,647,300.00 |
| Total Expenditures |
$ 1,734,900.00 |
North Fontana Redevelopment Project
During Fiscal Year 2002/2003 a significant amount of residential development that took place in North Fontana. The significant residential growth 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
$16,425,150.00:
| Administration Costs |
$ 59,100.00 |
| Operating Expenditures |
$ 12,934,650.00 |
| Contractual Services |
$472,600.00 |
| Project Improvement/Construction Costs |
$ 2,958,800.00 |
| Total Expenditures |
$ 16,425,150.00 |
Sierra Corridor Redevelopment Project
No capital projects were constructed in Fiscal Year2002/2003.
The Fiscal Year 2002/2003 revenues, to the extent available,
were utilized to assist in developing a 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 within a year.
Total expenditures of capital projects funds amounted to
$364,600.00:
| Operating Expenditures |
$ 86,800.00 |
| Contractural Services |
$ 277,800.00 |
| Total Expenditures |
$ 364,600.00 |
Southwest Industrial Park Redevelopment
Project
There was 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 has been the completion of the
Auto Mall. Required infrastructure construction by the agency
to serve the general area near the Auto Mall area was completed.
The focus of the Agency efforts in Fiscal Year 2002/2003 was
to:
1) Complete development strategies to stimulate the economic
potential of the Valley Boulevard Corridor (the northern portion
of SWIP); and
2) Continue work on a key segment of the San Sevaine Flood
Control System; and
3) Completion of the concept engineering design for incomplete
segments of Jurupa Avenue through SWIP.
Total expenditures of capital projects funds amounted to
$3,872,400.00:
| Administration Costs |
$ 59,100.00 |
| Operating Expenditures |
$ 2,028,300.00 |
| Contractual Services |
$ 785,000.00 |
| Project Improvement/Construction Costs |
$ 1,000,000.00 |
| Total Expenditures |
$ 3,872,400.00 |
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