Steve Westly
California State Controller Writes:
Community Redevelopment Agency of the City of Grand Terrace:
California State Controller Writes:
Community Redevelopment Agency of the City of Grand Terrace:
The compliance audit opinion noted the following areas of noncompliance:
A. The agency did not file the property report or blight progress report for the fiscal year ended June 30, 2003, as required by Code Section 33080.1;
B. The agency’s implementation plan does not provide any documentation or inventory of the reported affordable units or evidence that the units meet statutory requirements for production units, as required by Code Section 33490(a); and
C. The agency’s implementation plan does not meet the requirements of Code Section 33413(b) (4); it does not identify the number of units rehabilitated in the project within the 10-year period.
A. The agency did not file the property report or blight progress report for the fiscal year ended June 30, 2003, as required by Code Section 33080.1;
B. The agency’s implementation plan does not provide any documentation or inventory of the reported affordable units or evidence that the units meet statutory requirements for production units, as required by Code Section 33490(a); and
C. The agency’s implementation plan does not meet the requirements of Code Section 33413(b) (4); it does not identify the number of units rehabilitated in the project within the 10-year period.
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In the same report the fallowing information if included about the Redevelopment Agency of Grand Terrace.
15% vacant land left of 2368 acres = the whole town
14.56 million tax increment what?
1.9 million construction of what
1.6 million "other" expenses on What?
total equity $14.45 million of what?
1993 $6,735,000. in city "capital improvement" expenditures
Total Required Funds? Debt? $52,196,674 for 2003-2004
14.56 million tax increment what?
1.9 million construction of what
1.6 million "other" expenses on What?
total equity $14.45 million of what?
1993 $6,735,000. in city "capital improvement" expenditures
Total Required Funds? Debt? $52,196,674 for 2003-2004
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