Post Redevelopment Economic Development and Financing

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Post Redevelopment Economic Development and Financing Wednesday, May 8, 2013 General Session; 3:00 4:30 p.m. Murray O. Kane, Kane, Ballmer & Berkman League of California Cities 2013 Spring Conference Meritage Hotel, Napa

Notes: League of California Cities 2013 Spring Conference Meritage Hotel, Napa

For League of California Cities City Attorneys Spring Conference 2013 Murray O. Kane Kane, Ballmer & Berkman To effectuate the General Plan To generate and grow revenue To create jobs To remove and remediate contaminated sites and/or nuisance uses To eliminate blight and revitalize neighborhoods To provide affordable housing

Redevelopment Plan and RDA powers RDA assistance toward public improvements/infrastructure RDA write down on land disposition RDA assistance toward production, improvement and preservation of affordable housing Polanco Act Limited and Focused Eminent domain authority Public-private partnerships City police powers Remaining authority under the CRL New authority under the Dissolution Act - Land use authority (HSC 34173(i)) - Finding of Completion (HSC 34179.7) - Long Range Property Management Plan (HSC 34191.4(a) & HSC 34191.5) - Affordable housing (HSC 34176)

Federal/State Programs City Funds General and Restricted Pledge of Future Revenue Sales tax TOT Property tax Residual RPTTF received by City Land Community Development Block Grant (CDBG) Program HOME Investment Partnerships (HOME) Program 4%/9% Affordable Housing Tax Credits, New Market Tax Credits, Historic Tax Credits American Recovery and Reinvestment Act (ARRA) Affordable housing programs EB-5 Immigrant Investor Program EPA/EDA grants and funding programs California Infrastructure & Economic Development Bank funding programs

General/Limited Obligation Bonds Direct Loan (General Fund or Enterprise Fund or other reserve funds) Lines of Credit Lease Fee Waiver, Deferrals, Discounts Bonds Lease Revenue Bonds, Conduit Revenue Bonds Certificates of Participation (project specific) Community Facilities District (CFD) Assessment District (AD) Business Improvement District (BID) Landscaping & Lighting Maintenance District (LLD) Infrastructure Financing District (IFD) Joint Powers Authority (JPA)

Ground Lease Sale-Lease Back Land Swap Sale Developer Loans Eminent Domain CRL Authority Dissolution Act Authority Statutory Development Agreement Specific plans, zoning control and variances, historic overlay zone, design review, etc. Communities Facilities District (CFD) Assessment District (AD) Fee Waiver Entitlements Economic Development Corporation Enterprise Zone

Gift of public funds - Public Purposes Involved - Need to justify benefits -Findings Debt limit - Applicable to City with certain exceptions - Economic Development Corporation Prevailing wage City acquires land from Successor Agency (with appraisal and Oversight Board approval) City forms Economic Development Corp. City sells or ground leases land to Economic Development Corp. Economic Development Corp. borrows $$ and becomes developer to drive development and locate tenants, and becomes landlord offering waivers and reduced fees City has ongoing role as property manager to extent it wishes City may discount, waive or defer City fees applicable to development of the Project City receives benefit of sales tax, TOT, etc. as applicable

Long Range Property Management Plan Inventory of City owned land Inventory of County owned land within City Gage political will for revenue growth Apply for Federal/State Programs Issue RFPs Consider Economic Development Corporation Consider Parking Authority SB 391 (California Home and Jobs Act 2013) SB 1 (Sustainable Community Investment Authority) SB 33 (Infrastructure Financing Districts) AB 229 (Infrastructure and Revitalization Financing Districts) AB 243 (Infrastructure and Revitalization Financing Districts) AB 294 (Infrastructure Financing Districts; Use of Tax Increment) AB 662 (Infrastructure Financing Districts) AB 690 (Jobs and Infrastructure Financing Districts; Voter Approval) AB 750 (Economic Development; Cities) AB 1080 (Community Revitalization Plan; Redevelopment Reports) SB 470 (Local Economic Development) SB 628 (Infrastructure Financing; Transit Priority Project Program) SCA 9 (Economic Development; Special Taxes; Voter Approval)

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