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AB 1290 Imp Plan/AB 315 Plan o~.CJ\4t ~. ~~ ~ ~ .... r- u r-' o 0 " .\, ~ " ~ "... o 4'CH"Y.~ AB 1290 Implementation Plan and AB 315 Affordable Housing Production Plan For the Central Campbell Redevelopment Project Area Adopted November 16,2004 CITY OF CAMPBELL REDEVELOPMENT AGENCY C:\Docurnents and Settings\SharonF\Local Settings\Temporary Internet Files\OLKI 2\AB I 290.DOC TABLE OF CONTENTS Part 1 - AB 1290 Reauirements - Implementation Plan Paf!e I. Introduction 1 II. Goals and Objectives for the Next Five Years 4 III. Specific Programs, Potential Projects and Estimated Expenditures for the Next Five Years 8 IV. Explanation of How the Goals, Objectives, Programs and Expenditures Will Eliminate Blight 15 V. Affordable Housing Activities 23 Part 2 - AB 315 Reauirements - Affordable HousiDl! Production Plan Executive Summary 24 I. Introduction 25 II. Analysis of Existing Housing Obligation 27 III. Projection of the Number of Units to be Produced 27 IV. Analysis of Affordable Housing Obligation 28 V. Programs For Meeting Affordable Housing Production 29 VI. Housing Element Consistency 30 VII. On-Going Monitoring of Construction and Rehabilitation 31 VIII. Financial Requirements of the Agency 31 C:\Docurnents and Settings\SharonF\Local Settings\Temporary Internet Files\OLKl2\AB1 290.DOC PART 1 AB 1290 REQUIREMENTS - IMPLEMENTATION PLAN I. INTRODUCTION The original area of the Central Campbell Redevelopment Project Area constitutes 260 acres and has been in existence since 1983. Its goal is to facilitate downtown revitalization and the areas in and around the downtown area. The Project Area was expanded in 1992 to include 101 acres in the McGlincy Lane area for the purpose of improving infrastructure and facilitating the redevelopment of the former Winchester Drive-In site. The entire Project Area including the original area and expanded area encompasses approximately 361 acres (the "Project Area"). In 1993, the Community Redevelopment Law Reform Act (AB 1290) was signed into law requiring California redevelopment agencies to produce Implementation Plans every five years detailing the goals and objectives of the Agency related to how it intends to implement its Redevelopment Plan during the five year period. The Implementation Plan must contain the following information: · Specific goals and objectives for the five year period including potential capital projects and estimated expenditures planned during the period. · An explanation of how the goals, objectives, programs, and expenditures will eliminate blight. · A plan of how to implement the use of Low and Moderate Income Housing Funds (the "Housing Fund") required to be set-aside under redevelopment law for use to create, rehabilitate, or preserve low and moderate income housing and meet the Agency's affordable housing production requirements. In summary, the Plan sets the direction the agency will take over a five year period. It shall serve as a useful document and blueprint for the public in terms of understanding the programs the Agency intends to pursue. The Agency adopted its first Implementation Plan in November, 1994, and updated in 1999. During that time frame the Agency has accomplish several of its goals and objectives as set out the Implementation Plan. 1. Downtown Area A. Has added approximately 400 new parking spaces with a 300 space public parking stmcture and approximately 100 new on-street public parking spaces around the downtown loop streets. B. Helped finance the restoration of the Heritage Theater, a 790 seat regional performing arts theater. C. Helped finance the implementation of the Campbell Community Center Master Plan City of Campbell Redevelopment Agency Part I - Implementation Plan including a newall-weather track, lighted temlis and handball courts, new skateboard park, newly installed football and soccer fields and landscaped parking. D. Created the Campbell Avenue Master Developer Site and approved a DDA for construction of a mixed use residential over retail development. E. Amended the Downtown Storefront Improvement Program to increase the grant amount and added a loan program. To date, the program has led to the improving the appearance of approximately 15 commercial properties downtown while generating private investment at a 3:1 ratio. F. Facilitated the historic renovation of the Farley Building at the northeast comer of Campbell Avenue and Central Avenue, the oldest building in Canlpbell. 2. North of Campbell Avenue (NOCA) A. Facilitated the redevelopment of Harrison Avenue from industrial to 51 detached residential units including the reconstruction of Harrison A venue from Civic Center Drive to Salmar Ave. B. The 20 unit Orchard Grove Residential Development at the southeast corner of Harrison Avenue and Civic Center Drive has established the development pattern for the rest of Harrison Avenue with craftsman style bungalows in the heart of downtown. C. The widening of Salmar Avenue was completed as part of a larger public works project facilitating traffic circulation in and around the City's "power center" on Hamilton Avenue. 3. South of Campbell Avenue (SOCA) A. The development of a 348 unit Apartment Development including 69 very low income units on Railway Avenue. B Undergrounding of utilities along Campbell Avenue between the railroad tracks and the Hwy 17 overpass. C. The development of 21 townhouse units on Gilman replacing an unlawful trailer park. 4. McGlincy Lane Area A. Acquired and facilitated the redevelopment of the former Winchester Drive Site into a 280,000 square foot research and development business park and a four acre public park B. New storm drain installed and new fire hydrants to allow new development. C. A new water main was constmcted in the area and storm drain line along Cristich Lane at McGlincy Lane. Also, a traffic signal was constructed at Union Avenue and McGlincy Lane. D. The resurfacing of McGlincy Lane from Curtner Avenue to Union Avenue. City of Campbell Redevelopment Agency 2 Part I - Implementation Plan Low and Moderate Income Housim! Production A. Since 1983, a total of 682 housing units have been constructed in the redevelopment project area including 24 units currently under construction. The Agency has credit for 191 affordable units as defined by the Santa Clara County Housing Authority including 157 units that are affordable to very low income persons. This represents 383% of the Agency's legal requirement. B. The Agency created a First Time Homebuyer Program whereby the Agency has assisted 30 first time homebuyers own a home in Campbell. C. A rental assistance program has been established that provides one-time financial assistance to low income persons seeking to attain affordable housing. 5. Financial A. The Agency issued a total of $25 million in Tax Allocation Bonds between 1999 and 2002 to finance capital projects within the Redevelopment Project Area including a new public parking structure downtown, the Heritage Theater, and renovation of the Campbell Community Center. In summary, the activities of the Campbell Redevelopment Agency over the last ten years has continued the process of carrying out the goals and objectives of the Redevelopment Plan by eliminating blight throughout the Project Area, revitalizing the downtown and surrounding areas, providing infrastructure in the McGlincy Lane area and providing decent and safe housing for low and moderate income persons. The amended and restated Plan is intended to meet the requirements of AB 1290. It is divided into two parts. Part 1 is called the "AB 1290 Requirements - Implementation Plan" and covers all the requirements discussed previously listed above, except for the Agency's Project Area housing production requirement. Part 2 is called "AB 315 Requirements - Affordable Housing Production Plan" and specifically addresses the Project Area housing production plan mandated by the AB 315. The five-year planning period specifically covered by this Plan encompasses years 2005 through 2009 of the Agency. The affordable housing production plan contained in Part 2 covers a ten-year period from 2005 through 2014 as required under AB315. This Plan is intended to provide general guidance for the implementation of the Agency's programs and activities. It is expected that particular constraints and opportunities, not fully predictable at this time, will arise in the course of undertaking the programs and activities described in this Plan over the next five years. Therefore, the Agency intends to use and interpret this Plan as a flexible guide and intends that the Agency's specific programs and activities, as actually implemented over the next five years, may vary in their precise timing, location, cost, expenditure, scope, and content from that set forth in this document without requiring an amendment to this Plan and with the ability nonetheless to make findings of consistency with the Plan, so long as the underlying purpose and effect of the programs and activities, as actually implemented, are consistent with the purpose and effect articulated in this Plan. City of Campbell Redevelopment Agency 3 Part I - Implementation Plan II. GOALS AND OBJECTIVES FOR THE NEXT FIVE YEARS An agency's AB 1290 implementation plan must contain specific goals and objectives for the next five years. In the case of the Campbell Redevelopment Agency, the goals and objectives have been derived from those contained in the Central Campbell Redevelopment Plan, Downtown Development Plan, and policies and direction of the Redevelopment Agency Board and City Council. Described below are Agency's goals and objectives for the next five years. They are listed by certain geographic areas within the Central Campbell Redevelopment Project Area (see map - Exhibit A) and by other specific categories. 1. Downtown Area Description: Historically, the downtown core area has been defined by the loop streets at the point where Historic Downtown Campbell originated in the late 1800s. As a part of the Downtown Development Plan Update in 1995, the City made a conscious decision to expand both the perception and identity of the downtown to include areas east and west of the downtown core primarily along East Campbell Avenue bound by the Campbell Community Center to the west and the Pruneyard Shopping Center to the east. The downtown core, and historically the heart of the city, is bound by Civic Center and Orchard City Drives, and adjacent areas to the north along Harrison Avenue. The downtown core consists ofa number of historic buildings dating back to the late 1880's and reminiscent of the days when agriculture and fruit canning plants were the central economy in the Santa Clara Valley. During the 1960s and 70's the downtown deteriorated both physically and economically. The Central Campbell Redevelopment Project Area was created in 1983 in large part to help revitalize the downtown. In 1988, the Downtown Development Plan was approved and amended in 1995, intended to serve as a policy tool for downtown revitalization efforts. A. Goal: To return downtown Campbell to an economically viable business district and the civic identity of the City through facilitation of controlled economic development encouraging a mixture of development that includes ground floor retail and restaurant, residential, personal service and office with an emphasis on providing a balance of day and evening activities. City of Campbell Redevelopment Agency 4 Part I - Implementation Plan B. Obiectives: i) Identify key vacant, underdeveloped, nonconforming and blighted properties in the downtown and facilitate redevelopment of those properties consistent with the goals and objectives of the Redevelopment Plan and the City's General Plan. iii) Identify opportunities to work in partnership with property and business owners to encourage use and re-use of properties that are consistent with redevelopment goals. iv) Encomage and facilitate the use and re-use of property within a quarter mile of the downtown light rail station for mixed llse and residential consistent with the goals and objectives ofthe General Plan. v) Continue downtown marketing and business attraction efforts. vi) Continue to improve pedestrian circulation and connections throughout the downtown. 2. North ofCamobell Ave. (NOCA) DescriDtion: NOCA is the area north ofthe downtown area. It forms a major entrance to the downtown area from Hamilton Ave. The area is characterized by non-conforming warehousing and light industrial uses with many buildings in substandard condition. The industrial buildings and uses are no longer appropriate in this area. The area was designated to allow for a mixture of residential, office, and commercial uses that would be compatible with and complement downtown revitalization efforts A. Goals: To facilitate the continued transformation of the area from industrial buildings and nonconforming uses to residential and commercial uses creating an attractive gateway entrance to the Downtown and supportive to revitalization. B. Obiectives: Continue to monitor redevelopment opportunities along Salmar Avenue, including residential and/or mixed use development. 3. South of Camobell Avenue (SOCA) DescriDtion: The SOCA area is located south of the downtown and adjacent to Los Gatos Creek. The area is characterized by small lot, industrial buildings and nonconforming uses, many of which are in poor condition. The General Plan land use designation is mixed use residential, commercial and office, which would be compatible with the adjacent downtown area and provide customers in close proximity to downtown. City of Campbell Redevelopment Agency 5 Part I - Implementation Plan A. Goal: To transform the non-conforming industrial uses to residential and/or mixed use that will complement and help support the downtown area. B. Objectives: i) Evaluate opportunities to facilitate the redevelopment of non-conforming industrial properties, including the assemblage of property, to facilitate the development of housing, including affordable housing, and mixed use development. 4. McGlincy Lane Area Description: The McGlincy Lane area is a fully developed light industrial area located east of Highway 17 centered along McGlincy Lane. It was brought into the Redevelopment Project Area in 1992 in order to address a host of adverse conditions, including dilapidated buildings, substandard infrastructure, and a number of factors inhibiting proper land utilization and development. A. Goal: To promote the physical and economic revitalization of the McGlincy Lane Area. B. Objectives: i) Continue to evaluate and improve the opportunities for infrastructure improvements in the area. ii) Encourage bringing dilapidated properties up to current development standards through development, redevelopment and code enforcement in cooperation with Community Development. 5. Hamilton Avenue at Creekside Way Description: This area is bordered by Hamilton Avenue, Bascom Avenue and Creekside Way. A Planned Development was approved in 2000 on the remaining four acre parcel to build a 210 room business class hotel and 160,000 square feet of Class A office. The parcel has remained vacant due to poor economic conditions. Adjacent to the site the Hamilton station is under construction for the Vasona Light Rail line. Light rail will be operational by the fourth quarter, 2005. The Agency and Community Development continue to work with the property owners on a viable development. A. Goal: To facilitate the development of a business class hotel at this site.. City of Campbell Redevelopment Agency 6 Part I - Implementation Plan B. Obiectives: Facilitate the development of the vacant parcel at 900 E. Hamilton Ave. 6. Winchester Boulevard Area This area includes the Campbell Community Center and the Campbell Shopping Center along west side of Winchester Boulevard and Heritage Village development on the east side. The Campbell Community Center was acquired by the City in 1985 and is subject of a master plan for comprehensive community use including the restoration of a community theater. The Community Center open space areas were completely redesigned and improved including new tennis courts, soccer fields, all-weather track, and handball court. Heritage Theater has been completely renovated into a regional performing arts theater. The Campbell Shopping Center is a strip center both economically and physically blighted owned by the Home Church except for one parcel. A. Goal To work toward a master plan for redeveloping the Campbell Shopping Center into a more functional and better designed center that may include mixed use that is economically productive and well planned. B. Obiectives i) To have the Agency, the Home Church and the remaining property owner work together to achieve a desirable development. ii) Evaluate the improvement of the Campbell Avenue/Winchester Boulevard intersection as a pedestrian connection between the Community Center and the downtown. 7. Low and Moderate Income Housinf! Fund Activities Descriution: Redevelopment agencies are required to spend 20% of their gross tax increment funds on affordable housing activities. A. Goal: To facilitate the provision of decent, safe and sanitary housing for low and moderate income individuals and families. B. Objectives i) Evaluate residential development opportunities City wide, including land acquisition for affordable housing. City of Campbell Redevelopment Agency 7 Part I - Implementation Plan ii) Work with non-profit housing developers to evaluate housing rehabilitation projects for low and moderate income individuals. 8. Financial Description: The Agency's principal revenue source is tax increment. Over the last two years and projected through 2004/05, tax revenues are f1at ref1ecting the sluggish commercial real estate market, and lack of new commercial development within the project area. Over the next five years, tax revenues are projected to rise moderately averaging between 2% and 5% annually. While the Agency's financial condition is stable, the Agency must contend with the State takeaways for the Education Revenue Augmentation Fund (ERAF). For fiscal years 2005 and 2006, the state will extract a total of $1 ,030,000 from Agency revenues. The ERAF payments combined with Agency debt service and tax sharing obligations leaves a limited amount of available funds for plan implementation. While the Agency extended its ability to issue debt, it is unlikely the Agency will be in a position to take on any additional long term debt given the Agency's tax sharing obligations and the Redevelopment Plan time limits related to plan effectiveness and receipt of tax increment. The Agency's goal over the next five years will be to set aside $3 million to $4 million for plan implementation before tax sharing obligations increase significantly in 2011112. A. Goal: To manage the Agency's finances and maximize the financial ability of the Agency to finance the Implementation Plan given State takeaways, its debt service and tax sharing obligations. B. Objectives: ii) Monitor and manage debt service payments on outstanding debt. iii) Continue to contribute $400,000 annually towards the City's portion of debt service on the 1993 and 1997 COPs until Community Center revenues equal the debt obligation on the bonds per the Reimbursement Agreement between the City and Agency. iv) Monitor and manage assessed valuation trends, tax increment payments from the county, and tax sharing payments. v) Progranl $3 million to $4 million over the next five years to finance the Implementation Plan. III. SPECIFIC PROGRAMS, POTENTIAL PROJECTS AND ESTIMATED EXPENDITURES FOR THE NEXT FIVE YEARS The AB 1290 Implementation Plan must provide specific programs, including potential projects and estimated expenditures for the next five years. Listed below are the programs planned by the City of Campbell Redevelopment Agency 8 Part I - Implementation Plan Campbell Redevelopment Agency for the next five years, as well as the estimated expenditures and timing of the actions. The specific programs correspond specifically to the goals and objectives listed in Section II and demonstrate how such goals and objectives will be achieved. The estimated expenditures are based on financial projections of the Agency, which are based on certain revenue assumptions. Many projects are dependent upon market demand and developer interest. Therefore, these programs and expenditures should be viewed as a guide to the direction of the Agency that may require some mid-course corrections. As required by AB 1290, the Agency will review, and possibly amend, the Plan within two to three years after adoption. The attached Table I and Table II indicate the complete Agency projected budget for the next five years for the "80% Agency Fund" and the "20% Housing Fund budget." These tables provide a comprehensive look at Agency projected revenues and planned expenditures over the next five years. 1. Downtown Area A. Develop/Redevelop Kev Downtown Parcels: There are several key parcels downtown that have the greatest potential for development or redevelopment. These are either vacant parcels, underdeveloped parcels, or parcels with uses which are inconsistent with downtown development goals and objectives. The Agency would anticipate working with the property owners and/or developers of these parcels to create attractive developments. Expenditure: $2,000,000 Source of Funds Tax Increment Timine:: Timing will depend on market conditions and opportunity. B. Store Front Improvement Proe:ram:. The Storefront Improvement Program is intended to provide incentive to business and property owners to partner with the Agency in improving the commercial fronts of the downtown business district and thereby creating a more inviting retail atmosphere. The program includes both grant and loan components Expenditure: $75,000/annually Source of Funds Tax Increment Timine:: 2004/05 C Vasona Lie:ht Rail Stations: A Hamilton Avenue, Downtown Campbell and Winchester Avenue light rail stations will be completed and operational by fourth quarter 2005. The areas around the light rail stations may present opportlmities for mixed uses bringing housing and retail closer to transportation. Expenditure: $500,000 City of Campbell Redevelopment Agency 9 Part I - Implementation Plan Source of Funds: Housing Set-Aside Funds Timine:: Timing will depend on market conditions and opportunity. D. Downtown Business Attraction Proe:ram: The Agency adopted the Downtown Business Attraction Program in 1997 to assist with the economic viability of certain retail and restaurant businesses that were determined to have an immediate impact on revitalization efforts. Assistance would be provided in the form of off-sets for capital improvements such as public infrastructure, restaurant infrastructure and permit fees that tend to discourage restaurant and retail establishments. Expenditure: As determined. Source of Funds: Tax Increment Timine:: Ongoing E. Downtown Marketine: and Promotions: The Agency works to retain and attract business and patrons to downtown through a variety of mechanisms. Marketing of the downtown occurs through such special events like the Downtown Campbell Farmer's Market, downtown festivals, street banners, marketing brochures, advertising, street tree lights and special street signage used to identify parking areas or downtown identification. Expenditures: $20,000 a year Source of Funds: Tax Increment Timine:: Ongoing F. Improve Downtown Pedestrian Circulation: A key ingredient to the success of downtown is the ease to which pedestrians can traverse the downtown district free of obstacles, easily access shops, parking areas and connect important destinations such as the Prune Yard Shopping Center, the Los Gatos Creek Trail, the Community Center and Heritage Theater and points in between. i) Downtown Sidewalk Program - Construct and replace sidewalk including standard improvements such as street trees and historic street lights around the downtown to ensure a comprehensive pedestrian walkway serving downtown business. Over the last five years significant strides have been made filling in the gaps around the loop streets. There is a current CIP project to reconstruct sidewalk in certain areas downtown, provide bulb-outs along Campbell Avenue where none exist and complete any streetscape items that are necessary. Expenditures: $320,000 Source of Funds: 2002 Bond Proceeds Timine:: 2004/05 ii) Campbell Avenue Streetscape Extension - This program would extend the streetscape improvements along Campbell Avenue between the railroad tracks City of Campbell Redevelopment Agency 10 Part I - Implementation Plan and the freeway overpass. Included in the project would be installation of a landscape median. This project is identified in the Downtown Development Plan and will help make the physical connection of the downtown area with the Prune Yard Shopping Center and points in between. Expenditure: $750,000 Source of Funds: 2002 Bond Proceeds Timin2 : 2005/06 2. North of Campbell Avenue (NOCA) A. Salmar Avenue Improvements: The construction of new sidewalk along Salmar between Harrison Avenue and Hamilton Avenue Expenditure: $250,000 Source of Funds: 2002 Bond Proceeds. Timin2: 2005/06 B. Additional Redevelopment Opportunities: The redevelopment of the NOCA industrial area is an important component of the Agency's downtown revitalization efforts. The goal is to phase out existing industrial buildings in the Salmar Avenue area to facilitate mixed use. Some this has occurred with the redevelopment of the east side of Harrison Avenue. However, the industrial along Salmar is still profitable and therefore motivation is low for redevelopment. The Agency has limited funds to assist in this redevelopment. Therefore, redevelopment will depend largely on the availability of agency resources and market conditions. Expenditure: $1,000,000 Source of Funds: $250,000 Tax Incrementl750,000 Housing Set-Aside Funds Timin2: Much depends upon ultimate cost to acquire existing industrial properties and evaluate business relocation costs. 3. South of Campbell Avenue (SOCA) A. Redevelopment Opportunities: Much of the SOCA area is developed with non- conforming industrial buildings. However, the 20 unit housing development recently completed by CORE Development on the old trailer park on Gilman Avenue may initiate The General Plan allows for Medium to High Density Residential in several areas. There are areas adjacent to newly renovated Campbell Park and the Los Gatos Creek area suitable for residential use. The Agency will be able to provide limited assistance using housing funds. Expenditures: $1,000,000 Source of Funds: Housing Set Aside Funds. City of Campbell Redevelopment Agency II Part I - Implementation Plan Timin!!: 2000/01 4. McGlincv Lane Area A. The McGlincy Lane Area is the city's industrial area confirmed during the most recent General Plan update. The Agency's primary focus over the last several years in this area has been the redevelopment of the former Winchester Drive-In Theater site in 2000 and replacing dilapidated infrastructure that has discouraged redevelopment. To reduce costs for redevelopment, the Agency has had installed new storm drain main line from McGlincy to Union A venue, new water main along McGlincy, new sidewalk along McGlincy lane between Union Avenue and Edith Morley Park, new fire hydrants along McGlincy and most recently the installation of new storm drain along Cristich Way and repaving of McGlincy Lane and Curtner Avenue. It is in this area that the Agency can be most helpful. B. The City and Agency will periodically evaluate this area to determine how it can provide incentive to property owners and developers to reinvest in this area. Expenditures: unknown Source of Funds: Tax Increment Timin!!: As opportunity presents itself 5. Hamilton Avenue at Creekside Way A. Development of Parcel at 900 E. Hamilton Avenue - This property is approximately 4.8 acres having zoning approvals for a 210 room business class hotel and a 160,000 square foot office building. The hotel property is being acquired by Matrix Lodging, LLC with plans to build an eSuites Hotel. The Agency is currently working with Sand Hill Properties (current owner) and Matrix Lodging, LLC to facilitate this development. Expenditures: No capital expenditures are proposed at this time. Timin!!: 2004/05 B. Vasona Li!!ht Rail Station - A light rail station is planned for Hamilton Avenue at Highway 17 as a part of the Vasona Light Rail line. Staff continues to work with the Valley Transportation Agency (VT A) during the planning process to ensure Campbell is well served by light rail. Expenditures: No capital expenditure is proposed. Timin!!: 2004/05 6. Winchester Avenue Area City of Campbell Redevelopment Agency 12 Part I - Implementation Plan A. Campbell Shoppine: Center: This shopping center consists of multiple parcels all owned by the Home Church except for one parcel consisting of four retail stores. This shopping center is economically and physically deteriorating with disjointed uses, deferred maintenance, poor commercial design, and multiple ownerships. The City and Agency wants to work with ownership to develop a Master Plan for redevelopment of the site. As is, the shopping center detracts from the Campbell community and the Agency's goal would be to have mixed use along the Campbell frontage and possibly incorporate a residential component at the rear of the property Expenditure: 350,000 Source of Funds: $250,000 Housing Set Aside Funds/$l 00,000 Tax Increment Timine:: When opportunity presents itself. 7. Low and Moderate Income Housine: Fund Activities A. The Agency is currently working with Charities Housing to develop a 40-45 unit affordable housing project on land owned by the Santa Clara Valley Water District. The property is approximately 3 acres at the northeast corner of Campbell Avenue and San Tomas Expressway. Expenditure: $3,000,000 Source of Funds: Housing Set-Aside Funds Timine:: 2004/05 B. First Time Homebuver Proe:ram: The First Time Homebuyer Program provides silent second mortgages to low and moderate income persons to enable them to afford to buy a home in Campbell. Expenditures: $150,000 annually Timine:: Ongoing C. Rental Assistance Proe:ram: This program was established in 1997 through Catholic Charities to provide one-time or temporary financial assistance for low income persons to get established in rental housing or keep their rental that may be jeopardized due to an unexpected financial setback which may put the person at risk of homelessness if they cannot pay the rent. The City receives a number of calls for such assistance from low-income persons each year, consequently, there is a need in the community for such a program. Expenditure: $20,000 annually for five years. Timine:: On-going 8. Financial City of Campbell Redevelopment Agency 13 Part I - Implementation Plan A. Bond Issuance: Aside from an extraordinary spike in revenues, its is unlikely that the Agency will issue any long term debt during this planning period due to flattening revenues, significant tax sharing obligations and State takeaways. B. Monitor and mana2e debt service payments on the 1993 and 1997 COPs The Agency makes annual payments to service a portion of the debt service for the Campbell Community Center. Expenditures: $685,000 annually Source of Funds: Tax Increment Timin2: Ongoing C. Monitor and mana2e debt Service payments for RDA 1999 and 2002 Tax Allocation Bonds: The Agency issued bonds in 1999 and 2002 netting approximately $25 million to finance a downtown public parking structure, the Campbell Community Center Master Plan, the renovation of the Heritage Theater and other RDA capital projects. Expenditures: $1.8 million to $2.3 million Source of Funds: Tax Increment Timin2: Ammally D. Education Revenue Augmentation Fund (ERAF) Payments: The State has required the Agency to make ERAF payments. Expenditures: $515,000 Source of Funds: Tax Increment Timin2: 2004/05 and 2005/06 E. Contribution To City's Debt Service Payment on Community Center: The Agency contributes $400,000 annually to the City's portion of the debt service payment on the Campbell Community Center. This contribution will continue until the Community Center lease revenues equal the debt service for the city's portion of the 1997 and 2002 COPs. Expenditure: $400,000 Source of Funds: Tax Increment Timin2: Annually F. Monitor assessed valuation trends. tax increment payments from the county. and tax sharin2 payments: The Agency shall continue to monitor assessed valuation trends for the project area, tax increment payments from the county, and tax sharing payments to the county and other affected taxing entities. Expenditures: $5,000 contracted for consulting services Source of Funds: Tax Increment City of Campbell Redevelopment Agency 14 Part I - Implementation Plan TimiD!!: Ongoing IV. EXPLANATION OF HOW THE GOALS, OBJECTIVES, PROGRAMS AND EXPENDITURES WILL ELIMINATE BLIGHT 1. EXISTING BLIGHTING CONDITIONS AB 1290 requires that an Agency provide an explanation of how the goals, objectives, programs and estimated expenditures for the next five years will eliminate blight. In 1992, the City of Campbell Redevelopment Agency amended its Redevelopment Plan to add territory in the McGlincy Lane Area. As part of that amendment, in March 1992, a report of blighting conditions in the McGlincy Lane Area was prepared as well as a report on remaining adverse conditions in the original Central Campbell Redevelopment Project Area. Most of the blight findings apply today and have been incorporated into this report. A. Existin!! Conditions in the Downtown: The nine block area which comprises the downtown core declined over the years in importance and vitality as the city's retail focus over the years. Historically, this stretch of East Campbell Avenue, especially between Second St. and the railroad, provided a full range of retail and commercial servIces. The closure of the fruit packing plants and the rise of strip commercial development along Winchester Boulevard. and Hamilton Avenue contributed to the downtown's decline as a retailing area. At the same time, buildings which once housed healthy retail establishments have been allowed to decline by property owners and are now attractive only to more marginal uses which cannot afford the rents prevalent for newer buildings. The net result has been a less active pedestrian environment which fails principally to adequately support retail activity. While during the last five years, the Agency's efforts have improved considerably the retail conditions and community environment that has made it more attractive to retailers, consumers and our citizenry, the downtown retail market is still extremely fragile continuing to house marginal businesses and deteriorated properties that struggle to compete in a vibrant Silicon Valley including a revitalized Pruneyard Shopping Center and the newly developed Santana Row. In downtown Campbell, several conditions tend to mitigate against a totally private, self-revitalization approach. These include: i) The presence of relatively small parcels, sub-standard buildings, fragmented ownerships and, in some case, marginal businesses. ii) Street frontages with inadequate retail continuity. iii) A downtown that lacks a significant number of destination retailers to intercept City of Campbell Redevelopment Agency 15 Part I - Implementation Plan potential customers passing by on adjoining streets iv) A number of property owners and businesses unable or unwilling to solely assume the risks associated with a private revitalization effort. A revitalization effort that relies solely upon the entrepreneurial spirit of existing property owners and businesses is unlikely to succeed in downtown Campbell at the present time. Not only that, but current property owners and business lack the strength to assume the substantial front-end costs needed to kick off such a revitalization effort. It is clear that public intervention and assistance will be required. However, as implementation proceeds, private property owners and businesses will be expected to assume an ever increasing role in the revitalization of downtown. Although progress has been made in the downtown over the last few years, the retail environment is still extremely fragile. Rents, while moving closer, are still on average below market. There are still vacant properties downtown, marginal businesses and underdeveloped properties. While to a lesser degree, most of the adverse conditions listed above exist today. B. Remainint! Adverse Conditions in Orit!inal Proiect Area: Adverse conditions remaining in the original redevelopment project area include, but are not limited to: i) Substandard and Deteriorated Buildings: A number of buildings within the redevelopment project area are of construction type that is substandard to modern construction methods. Other buildings show signs of deferred maintenance and physical deterioration. A few buildings are deteriorated to the point that they may be considered to be dilapidated. The downtown area contains several commercially occupied buildings that date from a period when Campbell was an agricultural packing and canning center. In many cases, such buildings are of corrugated metal construction and were possibly built as barns, drying sheds, or warehouses. These buildings often show evidence of deterioration and poor maintenance including rust, dents, and ripped metal panels. Some of the buildings have been "modernized" over the years by the construction of false fronts or the addition of stucco or metal siding in an effort to cover the corrugated metal. Industrial occupied buildings in the area also show signs of aging, deterioration and lack of maintenance. ii) Substandard and Deteriorated Public Improvements: A wide range of substandard and deteriorated public improvements is still to be found within the boundaries of the existing redevelopment area, particularly the McGlincy lane area. Deficient improvements include substandard streets, deteriorated paving, irregular paving edges, inadequate drainage systems, or missing or damaged curbs, gutters, or sidewalks. Many of the streets in areas occupied by industrial uses are substandard in terms City of Campbell Redevelopment Agency 16 Part I - Implementation Plan of design, construction, and width. Because of these adverse conditions, auto and truck parking is often haphazard, vehicular circulation is impeded, and the loading and unloading of trucks can be difficult. Although many new public improvements have been made since the inception of the redevelopment program, much more remains to be accomplished. Today, substandard and deteriorated public improvements continue. iii) Deteriorated Residences and Substandard Housing Conditions: A number of aging and, in some case, deteriorated residences are scattered within the boundaries of the existing redevelopment project area. Most of these residences are adversely impacted by adjoining incompatible uses, truck movements, or heavy vehicular traffic. Many of these residences are non-conforming. iv) Nonconforming Uses: Nonconforming uses remaining include a fraternal organization and ground floor office uses in the downtown. Also, the NOCA and SOCA areas have considerable nonconforming industrial uses incompatible with the residential and mixed uses being encouraged. C. McGlincv Lane Expansion Area: The following is an overview of the blighting conditions found in the McGlincy Lane Area: i) Building Conditions: The condition of buildings within the area were evaluated by means of a building condition survey. Of the 158 major buildings in the area, 70 (or approximately 44 percent) were found to have significant physical deficiencies. ii) Substandard Street Improvements: Field surveys revealed deficiencies in both public and private streets in the area. Such deficiencies include substandard or deteriorated paving, irregular paving edges, inadequate curbs and gutters, drainage systems that are lacking or substandard, insufficient area for auto and truck turning movements, and inadequate traffic control systems. iii) Adverse Traffic Conditions and Accidents: Adverse traffic conditions within the area are exacerbated by inadequate provision for off-street truck loading, irregular street widths, a lack of turning space for large trucks, fast moving traffic, and inadequate traffic control systems. Such conditions contribute, to one degree or another, to traffic accidents in the area. v) Factors Inhibiting Proper Land Utilization and development: The lack of direct access to public streets, substandard parcelization, the location of the percolation ponds, the presence of hazardous wastes, and inadequate public improvements are adverse conditions that inhibit proper land utilization and development in the area. vi) Incompatible Uses: Remaining residential uses are incompatible to the present and future service and industrial character of the area. These uses conflict also with the city's general plan and zoning ordinance. vii) Code Compliance Problems: Code compliance problems identified during City of Campbell Redevelopment Agency 17 Part I - Implementation Plan recent field surveys include deteriorated structures, non-conforming construction, improper storage of combustible and hazardous materials, illegal outside storage, and non-conforming uses. 2. HOW GOALS. OBJECTIVES. PROGRAMS AND EXPENDITURES WILL ELIMINATE BLIGHT A. Downtown Area Great strides have been made in the Downtown Area over the last five years and all signs show that the Downtown will continue to revitalize in good economic times. However, redevelopment is a process and the Downtown Area still experiences a number of blighting conditions that challenge the area from being self-sufficient and economically viable. These include unattractive and substandard buildings, low rents which encourages marginal businesses, dis-interested property owners, nonconforming uses, a vacant lot, underutilized properties, and the lack of significant viable retail and restaurant businesses. The goals, objectives and programs outlined in Sections II & ill are intended to enhance the economic viability of the area. Described in more detail below are how the specific programs will eliminate blight in the area and make the downtown economically viable. i) Prol!ram: Identifv key vacant. underdeveloped and blil!hted properties in the downtown and facilitate redevelopment of those properties consistent with the Downtown Development Plan. There still exists vacant property, underdeveloped property and properties with deteriorated buildings that exist downtown and detract from the efforts for revitalization. The redevelopment of these properties into viable retaiVcommerciaVmixed uses, maximizing land use consistent with the goals and objectives of the Redevelopment Plan will significantly further goals to eliminate blight. iii) Prol!ram: Plan for and facilitate the development of a downtown Vasona Lil!ht Rail Station. A major component to commercial viability in the downtown is facilitating access. The Vasona Light Rail is one spoke in the wheel of a public transit system that will make it easy and convenient for people to traverse the county. A downtown station supports retail and entertainment uses proposed as a part of revitalization efforts. Opportunities should be examined that encourage development in and around the downtown light rail station. City of Campbell Redevelopment Agency 18 Part I - Implementation Plan iv) Pro2ram: Marketin2 Efforts. Getting the right type of businesses that will attract people to the area is key. Marketing efforts to attract retail and restaurant uses to the area will assist in this objective and increase the economic viability of the area. B. North of Campbell Area (NOCA) NOCA is the industrial area north of the downtown that is characterized by substandard and deteriorated buildings and public improvements, and incompatible and non- conforming industrial uses. The goals, objectives, and programs outlined above for NOCA are intended to eliminate these conditions by redeveloping the area with residential, commercial, and office type uses which will be compatible with the downtown and create an attractive entrance from the north. i) Pro2ram: Facilitate the redevelopment of Harrison Avenue into residential. The Agency has entered into a Disposition and Development Agreement with SUll1IDerhill Homes to redevelop the industrial properties along the east side of Harrison Avenue south of Salmar Avenue with residential. This will be a significant step forward in eliminating blighting conditions through the removal of dilapidated buildings with new construction and the replacement of infrastructure. ii) Pro2ram: Additional Redevelopment Opportunities. Much of NOCA is occupied with non-conforming industrial buildings, some of which are in a substandard and deteriorated condition. These uses and buildings are detrimental to the downtown area and present a poor entrance to it. This program will evaluate redeveloping some of these properties with residential, commercial, and/or office uses. In addition, this will be an opportunity to upgrade the substandard infrastructure in the area and make traffic improvements. C. South of Campbell Avenue (SOCA) The SOCA area is located south of the downtown and is characterized by a substantial number of non-conforming industrial buildings, many of which are in poor condition. The area has been rezoned primarily for residential use, which would be compatible with the adjacent downtown area and provide potential customers in close proximity. The goals, objectives, and programs are intended to redevelop the non-conforming industrial uses with high quality residential development which would complement the downtown. i) Pro2ram: Redevelopment Opportunities. The Agency will explore facilitating the redevelopment of blighted industrial properties, specifically adjacent to newly renovated Campbell Park with residential and mixed use opportunities. These areas contain nonconforming industrial buildings and blighted properties adjacent to the park and the Los Gatos Creek Trail that detract from the recreational environment by abutting storage yards, barbed wire and dilapidated buildings. City of Campbell Redevelopment Agency 19 Part I - Implementation Plan D. McGlincv Lane Area The 10 I-acre McGlincy Lane area is a fully developed light industrial area. It was brought into the redevelopment project area in 1992 in order to address a host of adverse conditions in the area including dilapidated buildings, substandard infrastructure, and a number of factors inhibiting proper land utilization and development. The goals, objectives, and programs are intended to address the above problems and upgrade the area. i) Pro!!ram: McGlincv Lane Area Infrastructure improvements. The poor condition of the McGlincy Lane area infrastructure is a blight on the area. It is substandard in many respects and inhibits proper utilization of properties in the area. The improvement of storm drain, curb and gutter, and pavement quality is necessary to improve the function of the area and appearance while enhancing property values. E. Hamilton Avenue at Creekside Way Several years ago, a major office development redeveloped much of this area. However, a 4.8 acre parcel adjacent to the freeway has sat vacant. In 2000, entitlements were granted for a 210 room hotel and 160,000 square foot office building. It is anticipated that the hotel will be constructed in 2005. The office development will likely be deferred due to market conditions. i) Pro!!ram: Development of Parcel at 900 E. Hamilton Ave. The Agency would like to facilitate the development of this parcel and help make it economically viable for such development. This would make use of a major underutilized piece of property in the redevelopment area. Discussions with the property owner are on going involving a hotel and office complex. F. Winchester Avenue Area i) Pro!!ram: Campbell ShoDDin!! Center: This shopping center is failing economically and physically with multiple ownerships, poor design, physical deterioration of buildings and disjointed uses. The physical and economic blight have adversely affected the Winchester Boulevard area. The goal to develop a mixed use product on the property by bringing new commercial buildings onto the street will improve dramatically the street view and function of the property. City of Campbell Redevelopment Agency 20 Part I - Implementation Plan G. Low and Moderate Income Housine: Fund Activities Low and moderate income housing fund activities will provide for the construction of new low and moderate income housing as well as for the rehabilitation of existing units. A more detailed analysis is provided in the Affordable Housing Production Plan. H. Financial The financial activities will allow the Agency to carry out many of the programs described above, and thereby eliminate blight. i) Proe:rams: As Listed Above. The use of tax increment and bond proceeds will provide the funding for many of the programs described above, thus eliminating blight as previously described. V. AFFORDABLE HOUSING ACTIVITIES AB 1290 requires that an agency detail its affordable housing program. In satisfaction of that requirement, this section contains the following elements: · An explanation of how the goals, objectives, programs, and estimated expenditures will implement the low and moderate income housing set-aside and housing production requirements set forth in Health and Safety Code Section 33334.2, 33334.4, 33334.6 and 33413. That explanation must contain a housing program for each of the five years of the implementation plan in enough detail to measure performance. · The number of housing units to be rehabilitated, price-restricted, assisted or destroyed. . Plans for using annual deposits to the Housing Fund. · If a planned project will result in destruction of existing affordable housing, an identification of proposed locations for the replacement housing, the agency will be required to produce pursuant to Health and Safety Code Section 33413. The above referenced elements will be addressed below. 1. How Goals. Obiectives. Proe:rams. Expenditures will Implement Low and Moderate Housine: ReQuirements: In Sunmlary, Sections 33334.2, 33334.4, 33334.6 and 33413 of the Health and Safety Code apply to the City of Campbell Redevelopment Agency in that they require: 1) 20 percent of all tax increment collected must be expended for the purposes of increasing, improving, and preserving the community's supply of low and moderate-income housing; and, 2) whenever low and moderate housing units are removed as part of a redevelopment project, the Agency must replace these units within 4 years. City of Campbell Redevelopment Agency 21 Part I - Implementation Plan The goals, objectives, programs, and expenditures for low and moderate income housing fund activities are outlined in Sections II & ill of this AB 1290 Implementation Plan and are also indicated below. These programs will produce new affordable housing units within the Redevelopment Project Area and create decent, safe and sanitary housing units for low and moderate income persons. Additionally, the Agency will pursue opportunities to work with non- profits on the acquisition and rehabilitation of existing units similar to the Sharmon Palms and San Tomas Apartment projects. All such units will be price restricted for the longest possible period, however, in no case less than the period of the land use restrictions of the Redevelopment Plan or the minimum periods required for use of Housing Fund moneys, as applicable. Estimated expenditures for the programs from the Agency's 20% Housing Fund are indicated. In addition, Table II provides a detailed breakdown of the projected use of the Agency's 20% Housing Funds for the next five years. The affordable housing programs and expenditures will implement the requirements of the Health and Safety Code and provide low and moderate income housing units while, at the same time, eliminating blighted properties. The estimated number of affordable units that will be constructed, rehabilitated and price restricted over the five year period of this Plan is indicated in the table below. This table also includes the projected year in which these units will be ready for occupancy. Proiect - Affordable Units Estimated # of Units Estimated Year Comoleted Downtown Mixed use Project Water Tower Regis Home Development Campbell Avenue Charities Housing Project Gilman Avenue Project 3 3 45 3 2005 2005 2006 2006 Total 54 The Agency doesn't anticipate the removal of any residential units in the project area. 2. Low and Moderate Income Housim! Fund Activities A. Goal: i) To facilitate the provision of decent, safe, and sanitary housing for low and moderate income individuals and families. B. Objectives: i) Execute a Purchase Agreement with Santa Clara Valley Water District for 555 W. Campbell A venue and a Disposition and Development Agreement with Charities Housing for a 45 unit affordable housing development. City of Campbell Redevelopment Agency 22 Part I - Implementation Plan ii) Work with non-profit housing developers on identifying opportunities for housing projects for low and moderate income individuals and families. iii) Explore land acquisition for low and moderate income housing redevelopment opportunities in the SOCA area, particularly adjacent to Campbell Park and the Los Gatos Creek area, and within the quarter mile of the Downtown Vasona Light Rail Station. iv) Continue the First Time Homebuyer Program helping persons to afford homeownership in Campbell. v) Continue to implement a rental assistance program with Catholic Charities of Santa Clara County. 3. Specific Pro!!rams. Expenditures and Timin!!: A. 555 W. Campbell Avenue: Partnering with the Water District and Charities Housing to create 45 low and moderate income units at the northeast comer of Campbell A venue and San Tomas Expressway. Expenditure: $3,000,000 Source of Funds: Housing Set-Aside Funds Timin!!: 2005/06 B. First Time Homebuver Pro!!ram: This program provides opportunities to low and moderate income families to realize homeownership in Campbell that otherwise may not be available. The Agency strives to help five to seven families a year. Expenditures: $150,000 annually for five years. Timin!!: On-going C. Continue the Rental Assistance Pro!!ram: In accordance with Redevelopment Law, an agency may provide renter move-in assistance and one-time rental assistance for low income eligible persons seeking to obtain or remain in affordable housing. These funds are often needed as the amount required to move into an apartment may exceed the funds available to a low income person or because of an unexpected financial setback which may put the person at risk of homelessness if they cannot pay the rent. The City receives a number of calls for such assistance from low income persons each year, consequently, there is a need in the community for such a program. The Agency contracts with Catholic Charities for this service. Expenditure: $10,000 annually for five years from the 20% Housing Fund. Timin!!: Ongoing. City of Campbell Redevelopment Agency 23 Part I - Implementation Plan PART 2 AB 315 REQUIREMENTS - AFFORDABLE HOUSING PRODUCTION PLAN EXECUTIVE SUMMARY Under California Community Redevelopment Law, 15% of all the housing units constructed or substantially rehabilitated within a Redevelopment Project Area (the "Project Area") must be made affordable to low and moderate income persons. Ofthe 15% requirement, at least 6% must be for very low income persons (up to 50% of county median income) with the balance for moderate income persons (up to 120% of county median income). This requirement must be met every 10 years, and a Redevelopment Agency must adopt an Affordable Housing Production Plan every ten years which indicates how the requirement will be met for the next decade and how it will be met over the life of the Redevelopment Plan. The following document constitutes the City of Campbell Redevelopment Agency's Affordable Housing Production Plan (the "Production Plan") as required by law. This Plan was originally adopted in 1994 and amended in 1999. The Production Plan provides analysis of units that have been previously constructed within the Project Area, those currently under construction, those projects contemplated in the next five years and those housing projects anticipated over the life of the Redevelopment Plan. From this analysis, it has been determined how many affordable units will be required and a strategy for producing them has been developed. The Housing Element was most recently adopted in 2001 and has been ce11ified by the State. Since inception, a total of 682 housing units have been created within the Project Area between 1983 and 2004 (see Table 3) That includes 24 units currently under construction in the downtown area (Water Tower Project). The City's Housing Element has established a goal of 480 units to be constructed between 2005 and 2027 when the Project Area sunsets. If constructed, that would bring the total number of residential units within the Project Area to 1,162. Based on a total of 1162 units and applying the 15% formula, a total of 175 affordable units (1,162 x 15% = 175) must be provided, of which 70 (1,162 x 6% = 70) must be affordable to very low income persons. The Agency has helped create a total of 243 affordable units of which 86 are located in the Project Area and 211 are located outside the Project Area. Under AB1290, the Agency is allowed full credit for affordable units created in the Project Area and half credit for units created outside the Project Area toward its goal of providing affordable housing. For example, the San Tomas Garden Apartments, outside the Project Area, actually contains 98 City of Campbell Redevelopment Agency 24 Part 2 -Affordable Housing Production Plan affordable units assisted by the Redevelopment Agency. However, the Agency may only take credit for 48 affordable units. Using this methodology, the Agency has credit for 191 affordable units of which 160 serve very low income persons. To date, the Agency has satisfied 187% of its requirement for total affordable housing units and 390%% of its requirement to provide very low income dwelling units through 2004. I. INTRODUCTION Under California Community Redevelopment Law, Project Areas adopted after 1976 (Campbell's was adopted in 1983) must meet two affordable housing production requirements. The first requirement, set forth in Health and Safety Code Section 33413 (b) (1), is sometimes referred to as the "Agency-Developed Housing Production Requirement." This requirement mandates that at least 30% of all new and substantially rehabilitated dwelling units developed directly by the City of Campbell Redevelopment Agency ( the "Agency") anywhere in the community must be made affordable to low and moderate income households (up to 120% of county median income adjusted for household size). Of this total, one-half of the Agency-developed units must be made affordable to very low income households (up to 50% of county median income adjusted for household size). The Agency itself has not developed any new or substantially rehabilitated units throughout the community in the past, nor does it expect to develop units itself in the coming decade or over the remaining life of the Redevelopment Plan. Instead, the Agency expects to rely on the private sector or non-profits, with Agency assistance as appropriate, to generate the necessary affordable housing units within the community and the Project Area. Consequently, the Agency does not have an Agency-Developed Housing Production Requirement for the coming decade or over the remaining life of the Redevelopment Plan, and the balance of this Production Plan will focus exclusively on the Agency's program to satisfy its Project Area housing production requirement described as follows. The Agency's second affordable housing production requirement, as set forth in Health and Safety Code Section 33413 (b) (2), requires that 15% of all housing constmcted or substantially rehabilitated within the Project Area must be made affordable to low and moderate income persons. Of the 15% requirement, at least 6% must be for very low income persons with the balance for moderate income persons. This requirement applies to all housing units constructed or substantially rehabilitated in the Project Area, even if the Agency was not involved in the project. However, it applies in the aggregate, and not specifically to each individual project. That is, there could be some housing developments in the Project Area which have no affordable housing and others with higher than 15%. As an example, if 100 units were constructed or substantially rehabilitated in the Project Area over the life of the redevelopment plan, 15 of these units would have to be restricted for low and moderate income persons, with at least 6 of the 15 units restricted for very low income persons. City of Campbell Redevelopment Agency 25 Part 2 -Affordable Housing Production Plan Such units would have to have covenants which maintain their affordability for the life of the redevelopment plan in order to meet the Agency's obligation. However, under the previous redevelopment law, the only time limit for meeting the affordable housing requirement was over the 30 or 40 year life of the redevelopment plan. Consequently, many Agencies were not concerned with the requirements in the early years of their redevelopment programs, assuming that at some point later on the requirement would be met. Therefore, many housing developments were constructed in Project Areas with no affordable housing. In 1991, AB 315 was approved which significantly changed the law. This legislation requires redevelopment agencies to meet their Project Area affordable housing production requirements every 10 years and adopt an Affordable Housing Production Plan (the "Production Plan") indicating how the requirements will be met. In addition, the Production Plan must be reviewed, and if necessary, amended at least every five years in conjunction with the City's General Plan Housing Element. The key elements of the Production Plan for the City of Campbell Redevelopment Agency include: I. An analysis of the Agency's affordable housing obligation to date. This requires a review of all housing developments and substantial rehabilitation of units that have taken place within the Project Area since it was created in 1983. As part of the Production Plan, the Agency will indicate how to provide the 15% affordable housing requirement for units previously constructed but containing no affordable units. 2. An estimate of the number of residential units expected to be constructed, substantially rehabilitated, or price restricted within the ten year period and over the life of the Redevelopment Plan. 3. A description of the programs and projects that will provide the percentage of affordable units necessary to meet the Agency's affordable housing production requirements. 4. A description of the financial means by which the Agency will assist in producing the affordable units. 5. A discussion of how the programs and projects proposed to meet the Agency's Project Area housing production obligation are consistent with the Housing element of the City of Campbell General Plan. This Production Plan takes into account a compliance period beginning with the establishment of the Project Area in 1983 and continuing through the end of the ten-year period covered by the Production Plan in 2004 and over the life of the Redevelopment Plan. City of Campbell Redevelopment Agency 26 Part 2 -Affordable Housing Production Plan II. ANALYSIS OF EXISTING HOUSING OBLIGATION The Central Campbell Redevelopment Plan was adopted on June 21, 1983, and the 260- acre Central Campbell Redevelopment Project Area was created. The Redevelopment Plan was amended on January 15, 1991 and again on June 16, 1992 when the 101-acre McGlincy Lane area was added to the Project Area. The attached map (Exhibit A in Part I) indicates the boundaries ofthe Central Campbell Redevelopment Project Area. A thorough review of past entitlement approvals and building permits was completed to determine the number of residential units constructed or planned, as well as the number of units substantially rehabilitated within the Project Area since 1983. The review indicated that one unit was substantially rehabilitated. This is probably a result of the Project Area containing very few residential structures that are over 10 years in age. In addition, the few residential units that are present are primarily on land zoned for commercial or industrial use, thus they are considered non-conforming uses. Typically, substantial modifications may not be financially feasible for such units and may be restricted under the City's zoning ordinance. The review did indicate the following privately developed residential projects that have either been constructed or are currently under construction: UNITS COMPLETED OR UNDER CONSTRUCTION SINCE 1983 CENTRAL CAMPBELL REDEVELOPMENT PROJECT AREA Proiect Total # of Units Heritage Village Orchard Oak Townhomes (Page St.) Canyon Creek Apartments Orchard Grove Downtown Gateway Project Water Tower Project Heritage Townhouses Downtown Mixed Use Project Harrison Avenue Project Total 144 32 348 20 20 24 20 23 51 682 III. PROJECTION OF THE NUMBER OF UNITS TO BE PRODUCED As part of the Production Plan, it is important to project the number of housing units that will be constructed or substantially rehabilitated in the Project Area within the ten year cycle of this Production Plan, and over the life of the Redevelopment Plan. The projection will form the basis for the number of affordable units to be produced and the means by which to produce them. The best information available comes from the City's General Plan last updated in 2003. In 2001, a complete revision of the City's General Plan Housing Element was completed. As part of the revision, a thorough inventory was completed of all housing sites within the City with estimates City of Campbell Redevelopment Agency 27 Part 2 -Affordable Housing Production Plan of the potential number of housing units that could be constructed. This inventory was also done for residentially zoned sites within the Project Area. The Housing Element indicates that between 1999 and 2006, that approximately 186 new housing units could be provided in the Project Area and that approximately 400 new units could be built throughout the life of the Redevelopment Plan (set to expire in 2027). The greatest potential for new housing in the Project Area is in the South of Campbell Avenue Area (SOCA), particularly within a quarter mile of the downtown Vasona Light Rail Station, and limited opportunities in the North of Campbell Avenue Area (NOCA). Both of these are older industrial areas which are primarily fully developed with older industrial buildings on small parcels were designated in 1991 from "Industrial" to a mixed use designation that allows residential and commercial. Therefore, in almost all cases, industrial buildings must be removed and sites assembled to allow for new housing to be constructed. Generally, Redevelopment Agency financial and, possibly acquisition assistance, may be required in order for any new housing to be constructed in these areas. The Agency expects that new housing development within the Project Area, beyond those listed above, will be limited. This is due to the lack of large vacant properties available and the fact the City is not developing at the highest densities given the high density population of the City already. The Agency is working with the Santa Clara Valley Water District to develop 45 affordable units of which 30% are targeted to low and very low income persons. Also anticipated is a mixed use project downtown that will provide 22 units and a 24 unit condominium development within the Water Tower Plaza. Based on the General Plan Housing Element estimate of 400 new housing units over the life of the Redevelopment Plan, a total of 60 to 80 units could be constructed over the next five years leaving 320 units required to be constructed between 2009 and 2027 when the Redevelopment Plan terminates. That would be an average of 18 units per year. Most of these units would be constructed on smaller sites in the NOCA and SOCA areas, and on the Campbell Shopping Center site where there is potential for a mixed use development. IV. ANALYSIS OF AFFORDABLE HOUSING OBLIGATION The affordable housing obligation of the Agency must be estimated for 1) the next 5 years through 2009, and; 2) beyond 2009 through the end of the Redevelopment Plan in 2027. The analysis for each is indicated below: Ten Year Obligation: To sun1marize, a total of 682 housing units have been constructed or are currently under construction within the Project Area. Approximately 186 units are anticipated to be constructed within the next ten years. Therefore, a total of 868 units will have been produced by the end of 2014. Applying the 15% affordability requirement to these units, a total of 130 affordable units (868 x 15% = 130) must be produced, of which 52 (868 x 6% = 52) must be affordable to very low income persons. As explained earlier in this report the Agency has already created enough affordable units to satisfy its affordable housing obligation over the next City of Campbell Redevelopment Agency 28 Part 2 -Affordable Housing Production Plan ten years assunling the housing production numbers provided. Obligation Beyond the Ten Year Period: As indicated above, based on the City's Housing Element, a total build-out of the City would produce a total of 1,600 new dwelling units. Based on the land use survey conducted by the Community Development Department of the City, approximately 480 of those units would be built within the Redevelopment Project Area. Assuming 186 of those units were to be built in the next ten years, it is projected that an additional 294 units would be built within the Project Area beyond the ten year planning period and before the end of the Redevelopment Plan (between the year 2005 and the year 2027). That would bring the total number of dwelling units created within the Redevelopment Project Area to 1,162 dwelling units. Applying the 15% affordability requirements to these units, a total of 175 affordable units (1,162 x 15% = 175) must be produced, of which 70 units (1,162 x 6% = 70) must be affordable to very low income persons. As stated previously, to date, the Agency has credit for 191 affordable units of which 160 are affordable to very low income persons. As a result, the Agency has satisfied 109% of its legal obligation for affordable units and 229% of its legal obligation to provide very low income dwelling units for the life of the Redevelopment Proj ect Area. v. PROGRAMS FOR MEETING AFFORDABLE HOUSING PRODUCTION The requirements which restrict 15% of the units developed in the Project Area to affordable standards, apply in the aggregate, and not to each individual case of rehabilitation or construction of units (Health and Safety Code Sections 33413(b.) (3.) and (c.). Therefore, the Agency is not required to place affordability covenants on each of the residential projects proposed in the Project Area, but may satisfy the affordable housing obligation by producing a number of affordable units that is equal to 15% of the total developed or substantially rehabilitated within the Project Area. Redevelopment Law also states that the restrictive covenants must remain in place for the longest feasible time but for not less than 45 years. Ten Year Obligation: As stated previously in this report, the Agency has satisfied its affordable housing production requirements for this ten year period between 1994 and 2004 having credit for creating 191 affordable units of which 160 are very low income units serving persons earning 50% or less of the median income in Santa Clara County. All the units, with the exception of eight moderate income units under the Agency's First Time Homebuyer Program have affordability covenants that require the units to remain affordable through the life of the Redevelopment Plan. The First Time Homebuyer Program allows the Agency to place resale restrictions on the units so that the Agency has the opportunity to maintain the affordability ofthe units upon resale. However, the law does not allow the Agency to restrict the resale of a home if the Agency is unwilling or unable to subsidize or purchase the home upon resale. So long as the homes under this program remain affordable to low and moderate income persons, the Agency may receive credit as an affordable unit. City of Campbell Redevelopment Agency 29 Part 2 -Affordable Housing Production Plan The Agency has estimated expenditures from the 20% Housing Fund of over $5 million over the next five years to make the affordable units financially feasible. Therefore, the Agency has a reasonable program in place to continue to provide affordable housing units in the Project Area. Although the Agency will be able to meet its affordable housing obligation, the Agency may still require affordable units within new housing projects. In 1990, the Agency adopted an affordable housing policy requiring that new housing developed in the Project Area provide its 15 percent share of affordable housing or pay in-lieu fees as approved by the Agency. Therefore, by having met the requirement for the 10 year period, the Agency will have greater flexibility in determining the type of affordable units and the projects to which they may be required. However, as indicated in Section V of Part I, the Agency plans on adding additional affordable housing units, thereby exceeding its affordable housing production requirements in all cases. Obligation Beyond the Ten Year Period: As indicated above, it is estimated that 480 units will need to be constructed in the Project Area between the year 2005 and 2027. Of these units, 72 must be made affordable to low and moderate income individuals. It is clear that the Agency's long term obligation to expend 20% Housing Funds as required under RDA law will be the greater challenge then the creation of the required number of affordable housing units. The opportunities for housing in the Project Area continue to be in the NOCA and SOCA areas where older industrial properties would need to be phased out. This kind of redevelopment is costly given land values, potential toxic clean-up, relocation expenses and small lots sizes that require land assembly. VI. HOUSING ELEMENT CONSISTENCY As indicated in Section ill, the City's General Plan Housing Element was revised in 2001. The Housing Element was certified by the State of California and estimates that an additional 480 housing units could be provided in the Project Area over the remaining life of the Redevelopment Plan. Based on the information in this Housing Production Plan, it is concluded that the Production Plan is consistent with the Housing Element ofthe General Plan. As required, it will be updated in conjunction with the required updates of the Housing Element. The Housing Element is required to be amended in 2006. At that time, ABAG projections and the City's General Plan update may result in a change in the projected number of units estimated in the Project Area. As a result, the Agency's Housing Production Plan may need to be amended as well. The Production Plan also serves to implement portions of the Housing Element. More specifically, the Housing Element is to encourage housing units affordable to a variety of household incomes. The Housing Element speaks to the Agency's 15% affordability requirement and the use of 20% set aside funds to provide affordable housing. Therefore, the Production Plan is consistent with and serves to implement the policy and carry out the implementation programs indicated in the Housing Element. VII. ON-GOING MONITORING OF CONSTRUCTION City of Campbell Redevelopment Agency 30 Part 2 -Affordable Housing Production Plan AND REHABILITATION An important element for the Agency will be the on going monitoring of construction and substantial rehabilitation within the Project Area. This will be necessary to keep track of the new housing units produced or substantially rehabilitated and compare this to the number of units estimated, thus determining the number of affordable units required. The on-going monitoring is a relatively simple procedure for the Agency. This is a result of the small size of the Project Area (361 acres); the limited amount of residentially zoned land; the small number of existing older structures that might need rehabilitation, and; the limited amount of new development taking place. Under current procedures, the Agency is forwarded for review, at the preliminary planning stages, any new or substantial renovation project within the Project Area. The procedures require that the Agency sign off on all building permits for such project. Therefore, the Agency can easily monitor any new housing construction or substantial rehabilitation in the Project Area. VIII. FINANCIAL REQUIREMENTS OF THE AGENCY Financial assistance from a redevelopment agency is typically required to produce affordable housing. The Campbell Redevelopment Agency has committed over $5 million over the next five years toward creating affordable housing. Most of this budget is anticipated to be applied toward land acquisition and relocation costs for new units and rehabilitation of existing units. To some degree, the Agency depends on opportunities and market conditions to implement such projects. The Agency's current financial position should enable the Agency to act reasonably when opportunities present themselves. J:implerne City of Campbell Redevelopment Agency 31 Part 2 -Affordable Housing Production Plan