Is the Redevelopment Agency transfer to the City part of the budget deficiency? If you know, please explain how that works. Thanks.
Pacifica Redevelopment Agency asset transfer review report, 1/1/11 through 1/31/12, pdf 13 pages.
Letter from John Chiang, California State Controller, 7/31/14 to Lorie D. Tinfow, City Manager, City of Pacifica/Successor Agency.
| What's the problem, we've got our loan from Quarry redevelopment covered, parking facility almost built, open space, trails. |
16 comments:
What? Is this about the over $300,000 accidentally sent to the state on Ritzma's watch when the RDA was being closed out? Kind of an official finder's, keeper's letter? They found a discrepancy? Lot of that going around.
830, $300,000? I don't see that that in the text.
Here's how I understand the numbers. Because the State closed down the Cities Redevelopment Agencies, (in Pacifica that was the Rockaway Beach/Quarry Beach project improvement area, including development of business, housing, and a parking facility which was never built)-- the City owed the State (from prior tax revenue benefits received) $2,289,663.
However, in calculating the amount owed to the State, a $60,000 excess payment error was made by the City. The State credited/repaid the $60,000 from the City's amount owned/paid of $2,349,663. Hence, what the City owed and paid the State in total was $2,289,663.
If someone has a better explanation of finalizing and closing the Redevelopment obligation to the State from benefits received by this City, please advise.
An explanation of interest from the City, Redevelopment. "Redevelopment agencies finance their activities through a share of the increases in property tax realized over the life of a project area. This does not affect the amount of property tax paid by citizens and landowners; it merely affects how the taxes are allocated."
From that link, you may also view the various plans for the Rockaway Quarry through six (6) pdfs. Yet, NIMBIES on and off City Council and their regional friends chased away developers. At one time the citizen committee to welcome developers was overseen by Dina Verby, John Curtis, etc. The Redevelopment agency was first adopted July 14, 1986. Twenty-five (25) years of redevelopment benefit to the City that did not happen, including sales tax revenue loss of about 80%.
IDK Kathy if you're right or wrong. I only scanned through and what caught my eye was the mention of $325,396. It reminded me that we're still waiting for the state to repay us for over $300K that was sent to them in error as RDA monies on Ritzma's watch. Ms. Tinfow mentioned the error and her plan to ask for repayment in her early days of discovery. That was late 2013 or early 2014. She was not optimistic. I'm sure if the money was returned a city-wide holiday would have been declared.
1122, the State Report and State Audit confirmation letter is quoted and linked on the posted article, with referenced pages. It is also linked here.
To my knowledge from the State Report and Audit Letter, that's it-- unless you provide an overriding reference and a context for that $325,396.
Righto, Kathy. That's not the finder's, keeper's report. Our missing $300,000+ (sigh, more missing money) would not be on this report.
Money we will never get back is the two million dollars that Council lent to the R.D.A. from the General Fund without setting up a payback plan.
Righto, Tom. Makes you wonder what the total losses really are. Deficit has grown to nearly 5 million, add to that the $300,000+ that this city dropped in the state's lap by mistake when RDA ended, and now there are more questions about the Frontierland Park Remediation Funds and how they may have been siphoned off into the GF to cover whatever. And how much has been spent on plans for Beach Blvd? First round at least half a mil for a city hall and at least that much on this latest vision of a library. Meanwhile, we get a grant to pave just half of Linda Mar Blvd, library hours are cut, and the Resource Center gets the wishbone again. There's no end to it. That's the problem...there's no end to it.
If you want it to end, stop enabling the Gang of No.
These phony enviros have destroyed Pacifica.
Digre, Keener, Loeb, Lancelle, deJarnutt, Hall and Bray are just a few of the local nuts who kill Pacifica in the name of Red-Legged frogs, SF Garter snakes and Snowy Plovers. Their real motive is "I Got Mine" everyone else, GO AWAY!!
You know what, 1157, they ain't my people, but, after 35 years here, I have a lot more trouble with the Gang of Guess What I Really Stand For. Current members Nihart, Ervin and I have my doubts about O'Neill. In his defense, he may be vulnerable to bad info in his role as spokes model.
Is there a Gang of Yes? Who are the members?
1157 Eh. Maybe so. But your real motive is "I got mine, and if everyone else goes away, I can't get more, and I gotta have more!" And we're talking personal gain, not more library hours. That's the real problem YOU have with the enviros. Hey, you guys aren't that far apart--you both got yours. Find the commonalities. Work it out.
2:25
WRONG!!!!
The only thing I want more of is a safe city with adequate police and fire. Roads that don't tear the suspension out of my car. Public transit that is convenient, non-polluting and reduces traffic congestion. The ability to WALK a short distance from my home and buy groceries, read a book, look at art, listen to music, work full or part time, see a movie, enjoy a great meal.
I'd like a sewage system that doesn't stink and regularly infect the local streams and beaches. I have no problem sharing this with others as long as they show mutual respect and clean up after themselves.
The phoney-enviros with no willingness to understand how commerce actually works have strangled all of the money out of our town. Last time I looked it takes good will AND money to make a city livable.
You work it out.
205 Ha! First, you tell us who you are.
432 Try San Francisco.
5:41
All attainable here is Pacifica with common sense "infill development" and political will.
Fighting everything has given us what we got.
819 You want Pacifica to become like San Francisco. San Francisco is there, waiting for you, while you're here fighting windmills. Eh, it's your life.
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