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For fiscal year July 1, 2003 - June 30, 2004, the City of
Fontana Redevelopment Agency completed the following project
activities:
Downtown Redevelopment Project
In Fiscal Year 2003/2004 Agency staff continued to work extensively
with the Downtown Revitalization Task and the Downtown Business
Association Force to assist them in establishing a vision
and carrying out activities to improve the central business
part of the City. All of the anticipated Fiscal Year 2002/2003
tax increment is 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
$665,300.00:
| Administration Costs |
$99,300.00 |
| Operating Expenditures |
$ 32,500.00 |
| Contractual Services |
$ 219,000.00 |
| Capital Expenditures |
$ 314,500.00 |
| Total Expenditures |
$ 665,300.00 |
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
$506,000.00:
| Operating Expenditures |
$ 6,000.00 |
| Project Improvement/Construction Costs |
$ 500,000.00 |
| Total Expenditures |
$ 506,000.00 |
North Fontana Redevelopment Project
Fiscal Year 2003/2004 witnessed a continuing amount of residential
development along with commercial growth taking place in North
Fontana. The significant residential growth resulted in substantial
tax increment revenues that allowed for the use of capital
funds for new projects. These projects included the Baseline
Storm Drain and Street Improvements, and Summit Avenue Utility
and Street Improvements.
Total expenditures of capital projects funds amounted to
$6,944,100.00:
| Administration Costs |
$ 234,600.00 |
| Operating Expenditures |
$ 99,500.00 |
| Contractual Services |
$ 5,810,000.00 |
| Project Improvement/Construction Costs |
$ 800,000.00 |
| Total Expenditures |
$ 6,944,100.00 |
Sierra Corridor Redevelopment Project
No capital projects were constructed in Fiscal Year2002/2003.
The Fiscal Year 2003/20034 revenues were utilized to assist
in completing the workout strategy for the Empire Center.
Staff and its team of consultants concluded an intensive effort
to resolve all financial issues and land use element such
that the City could convey the land to a private developer.
Funds were also utilized to reconstruct a portion of Sierra
Avenue immediately north of the I-10 freeway
Total expenditures of capital projects funds amounted to
$720,900.00:
| Contractual Services |
$ 238,500.00 |
| Project Improvement/Construction Costs |
$ 482,400.00 |
| Total Expenditures |
$ 720,900.00 |
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 focus of the Agency efforts in Fiscal Year 2003/2004
was to:
1) At Slover/Live Oak RR Crossing design the widening of Slover
at the railroad crossing at Live Oak to accommodate four lanes
of traffic at the crossing and
2) At Beech/I-10 design Interchange/Overcrossing including
landscaping.
Total expenditures of capital projects funds amounted to
$2,610,200.00:
| Administration Costs |
$ 36,000.00 |
| Operating Expenditures |
$ 1,181,700.00 |
| Contractual Services |
$ 592,500.00 |
| Capitol Expenditures |
$ 800,000.00 |
| Total Expenditures |
$ 2,610,200.00 |
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