1. C OMMUNITY W ORKSHOPS FOR THE R EDEVELOPMENT P LAN FOR THE P ROPOSED M ANTECA R EDEVELOPMENT P ROJECT A REA N O. 3 April 11, 2011, 5:00 & 7:00 p.m. City Council Chambers 1001 West Center Street, Manteca, CA 95337

2. Project Area No. 1 – 1986 Project Area No. 2 – 1993 Merged – 1999 Amended Area – 2003 Amended Area – 2005 Proposal: Create Project Area No. 3

4. July 27, 2010: Planning Commission: Selected boundaries of Project Area Adopted a Preliminary Plan for all aspects of the Project October 05, 2010: Redevelopment Agency: Accepted the Preliminary Plan Recommended Project boundaries City Council: Adopted finding that a PAC does not need to be established for the Project February 15, 2011: Redevelopment Agency: Consented to a joint public hearing with the Council Approved rules for Owner Participation and Business Re-entry and Relocation Plan Adopted the draft Plan and directs transmittal to Planning Commission City Council: Consented to a joint public hearing with the Redevelopment Agency March 8, 2011: Planning Commission: Conducted a public hearing on EIR and forwarded a report to the Agency that finds that the Plan does conform to the General Plan March 30, 2011: Community Meeting #1 April 11, 2011: Community Meeting #2 and #3

5. ECONOMIC ISSUES High number of foreclosures Low property values Vacant land not developing PHYSICAL ISSUES Pay mortgage vs. invest in property maintenance Paint, cracked windows, deteriorated roofs, inoperable vehicles, and overgrown vegetation Unsafe security bars and gas meters Unpermitted garage conversions Damaged driveways

6. Won’t raise your taxes No eminent domain No plans to add eminent domain Local control Keeps your tax money local

7. Address foreclosure problem Improve housing: Appearance Affordability Increased job and economic opportunities Higher quality of life

8. VALUE TIME $438 Million Tax Increment Inflation Base Year

9. For Each $1 of Tax Increment To Agency To Other Tax Entities For Each $1 of Property Tax Revenue To Manteca To Other Tax Entities

10. Proposition 13 (June 1978) established property tax rate at: 1% of assessed value Maximum of 2% annual increase, unless: Change in ownership New development or other significant property improvements Tax rate increases require legislative/voter approval The Agency cannot change the amount you pay

11. E STIMATED L ONG -T ERM A GENCY F ISCAL B ENEFIT VALUE TIME

12. W HERE D OES T HE M ONEY G O ? Economic Development Business Retention Business Expansion Business Attraction Job Creation Housing Home Loans Rehabilitation Loans/Grants Developer Assistance Affordability Programs Stabilize Property Values Infrastructure/Community Facilities Streets, Curbs, Gutters & Sidewalks Water and Sewer Police & Fire Stations Other Public Facilities Park Improvements

13. Housing Down payment assistance Residential rehabilitation Senior housing rehabilitation Workforce housing projects Juniper Apartments HOPE Shelter Rehabilitation Magnolia Court Apartments 777 N. Grant Street

14. Economic Development Development of Spreckels Park commercial/industrial center Development of Big League Dreams and Stadium Center Kelly Brothers Façade improvement program AMC Showplace 848 Lifestyle Street

15. Public Infrastructure & Facilities Street, water, sewer, and drainage improvements Downtown infrastructure and sidewalk improvements Public safety improvements Park improvements

16. Redevelopment Agencies must set-aside at least 20% of their gross tax increment revenue for the purpose of increasing, improving, or preserving their community’s supply of housing affordable to low- and moderate-income families.

17. T YPICAL A GENCY H OUSING F UND U SES Constructing or rehabilitating structures to provide senior and workforce housing. Acquiring, renovating and reselling single-family homes (foreclosure remediation). Providing housing rehabilitation loans/grants programs. Providing single-family homebuyer assistance programs, including foreclosure avoidance. Providing direct or indirect subsidies to, or for the benefit of, low- to moderate-income households that cannot obtain housing at affordable costs on the open market.

18. S INGLE - F AMILY H OUSING R EHABILITATION Two assistance programs available Assistance = loans and/or grants for homeowners Emphasis on code corrections, emergency repairs, home repainting, roof replacements, sewer connections, public right-of-way appearance, etc.

19. H OME B UYER A SSISTANCE Home buyer assistance available Assistance = loans Below market-rate silent second loans for up to 10% of purchase price, not to exceed $15,000 due in 30 years New programs for foreclosure avoidance/remediation

20. H OUSING D EVELOPMENT A SSISTANCE Assist in the development of new workforce and senior housing projects Assistance is based on project need and different in each case

22. R ECOMMENDED A GENCY A CTIONS Adopt a resolution of the Manteca Redevelopment Agency approving its Report to the City Council concerning the Redevelopment Plan for the proposed Manteca Redevelopment Project No. 3 and authorizing transmittal of said report and the Redevelopment Plan to the City Council of the City of Manteca (as described in the Joint Public Hearing Procedures, this action should be taken prior to opening of the joint public hearing); Adopt a resolution of the Manteca Redevelopment Agency making and approving findings that parcels of land in agricultural use shall be included in the Proposed Manteca Redevelopment Plan No. 3;

23. R ECOMMENDED A GENCY A CTIONS Adopt a resolution of the Manteca Redevelopment Agency finding and determining that the use of the monies from the low and moderate income housing fund outside the boundaries of the proposed Manteca Redevelopment Project No. 3 will benefit the project and authorizing the expenditures of such funds; Adopt a resolution of the Manteca Redevelopment Agency certifying the completion of the Final Program Environmental Impact Report for the proposed Manteca Redevelopment Project No. 3; making written findings pursuant to the California Environmental Quality Act; adopting a statement of overriding considerations; and adopting a mitigation monitoring program;

24. R ECOMMENDED C ITY C OUNCIL A CTIONS Adopt a resolution of the City Council of the City of Manteca finding and determining that the use of the monies from the low and moderate income housing fund outside the boundaries of the proposed Manteca Redevelopment Project No. 3 will benefit the project and authorizing the expenditures of such funds; Adopt a resolution of the City Council of the City of Manteca considering the Final Program Environmental Impact Report prepared and certified by the Manteca Redevelopment Agency for the proposed Redevelopment Plan for the Manteca Redevelopment Project No. 3; making written findings pursuant to the California Environmental Quality Act; adopting a statement of overriding considerations; and adopting a mitigation monitoring program; and

25. R ECOMMENDED C ITY C OUNCIL A CTION M AY 3, 2011 Waive the first reading by substitution of the title and introduce Ordinance No. 1494, an Ordinance of the City Council of the City of Manteca, California, approving and adopting the Redevelopment Plan for the Manteca Redevelopment Project No. 3.