BILL ANALYSIS                                                                                                                                                                                                    �




                     SENATE GOVERNANCE & FINANCE COMMITTEE
                            Senator Lois Wolk, Chair
          

          BILL NO:  AB 1275                     HEARING:  6/22/11
          AUTHOR:  Torres                       FISCAL:  No
          VERSION:  4/25/11                     TAX LEVY:  No
          CONSULTANT:  Detwiler                 

                       REDEVELOPMENT AGENCIES' CONTRACTS
          

          Allows new challenges to redevelopment agencies' contracts.


                           Background and Existing Law  

          The California Constitution and the Community Redevelopment 
          Law give local officials access to extraordinary powers to 
          eradicate blight.  One extraordinary power is the ability 
          of redevelopment officials to divert property tax increment 
          revenues to pay for long-term debt.  Local officials must 
          adopt detailed redevelopment plans that include limits on 
          the amounts of bonded debt.  Redevelopment officials must 
          annually set aside 20% of the gross amounts of their 
          property tax increment revenues into a Low and Moderate 
          Income Housing Fund to support affordable housing.

          Public officials can file validating lawsuits, asking the 
          courts to validate their actions, contracts, agreements, 
          and bonds.  Successful validation suits reassure private 
          investors and public agencies that their decisions are 
          reliable.  For redevelopment decisions, opponents have 60 
          days to oppose validating suits; 90 days for decisions that 
          adopt or amend redevelopment plans (SB 1206, Kehoe, 2006).  


          The State Department of Housing and Community Development 
          (HCD) used to audit redevelopment agencies' affordable 
          housing programs.

          The Fontana Redevelopment Agency (San Bernardino County) 
          contracted with a developer to build public works in the 
          Jurupa Hills redevelopment project area.  Through a series 
          of agreements, the Agency pledged 100% of its property tax 
          increment revenues to repay the developer at 15% interest. 
           A 2001 HCD audit concluded that the Agency owed $14 
          million to its affordable housing fund and another $53 




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          million to the Jurupa Hills affordable housing fund.  In a 
          settlement agreement with HCD, the Agency paid $6.1 million 
          to its affordable housing fund, but nothing to the Jurupa 
          Hills affordable housing fund.  By 2002-03, the Agency owed 
          the developer nearly $1.3 billion, while the annual tax 
          increment was about $9.1 million.

          In 2003, Fontana officials issued another $40 million in 
          redevelopment bonds and filed a lawsuit to validate the HCD 
          settlement agreement and the new debt.  A local resident 
          and a community group opposed the validation suit, but the 
          superior court found in the Agency's favor.  In 2007, the 
          District Court of Appeals rejected validating both the HCD 
          settlement agreement and the bond issue.  The appellate 
          court said that:

               What the record inescapably demonstrates is Fontana 
               RDA's lack of compliance with the required 20 percent 
               contribution for affordable housing since 1987.  
               Instead all tax increment revenues appear to be 
               diverted to �the builder] to pay off almost a billion 
               dollars in interest.

          Affordable housing advocates point to the trouble they had 
          in getting the courts to enforce redevelopment laws.  They 
          want the Legislature to make it easier to contest 
          redevelopment decisions which violate state law.


                                   Proposed Law  

          Assembly Bill 1275 allows a court to declare a 
          redevelopment agency's contracts or instruments to be null 
          and void if the court determines that the agency has:
                 Exercised its authority in a manner that exceeds 
               its authority or constitutes an abuse of discretion;
                 Entered a contract or instrument that violated the 
               agency's statutory powers or obligations; or,
                 Assumed other obligations that impair its ability 
               to meet existing obligations.

          AB 1275 allows redevelopment agencies to amend contracts 
          and other instruments to conform to redevelopment plans, 
          amended redevelopment plans, state laws, or local 
          ordinances, or to conform with a court order issued 
          pursuant to the bill's provisions.





          AB 1275 -- 4/25/11 -- Page 3




          The bill prohibits redevelopment agencies and their city 
          councils or county boards of supervisors from delegating 
          their obligation to decide, determine, or act to another 
          person, unless specifically allowed by redevelopment law.

                               State Revenue Impact
           
          No estimate.

                                     Comments  

          1.   Purpose of the bill  .  Redevelopment officials' powers 
          to eradicate blight are truly extraordinary in that the 
          ability to use eminent domain and to finance projects with 
          property tax increment funds are beyond the ordinary powers 
          of the cities or counties that run redevelopment agencies.  
          Using their extraordinary powers, redevelopment officials 
          have literally changed the way that California's 
          communities look --- mostly for the better.  Most 
          redevelopment officials sincerely want to promote local 
          economic development and provide affordable housing.  
          However, as the 2007 Fontana case documented, glaring and 
          sometimes egregious examples stain the redevelopment 
          record.  A redevelopment agency's bad behavior can continue 
          for decades without corrective challenges.  Building on 
          that experience, AB 1275 gives a court the power to declare 
          a redevelopment contract or other instrument "null and 
          void" if the court determines that the agency went too far. 
           Redevelopment agencies' extraordinary powers justify the 
          bill's extraordinary exception to the practice of 
          validating public decisions.

          2.   More uncertainty won't help  .  If blighted areas were 
          secure places for private investors, there wouldn't be a 
          need for redevelopment projects.  Uncertain returns on 
          their capital scare away private investors who can't afford 
          the risk.  When redevelopment agencies step in with their 
          extraordinary powers to shoulder much of that risk, central 
          cities and older suburbs become more attractive to private 
          capital.  By inviting a court to invalidate a contract even 
          after a successful validation suit, AB 1275 injects 
          unnecessary uncertainty into what have been reliable 
          decisions.  Bond purchasers and other agency creditors will 
          shy away from redevelopment projects if their investments 
          may be subject to unpredictable legal challenges, even 





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          years later.  The Committee may wish to consider whether AB 
          1275 will dampen private investors' willingness to risk 
          their capital to redevelop blighted communities.

          3.   Double-referred  .  The Senate Rules Committee ordered a 
          double-referral for AB 1275, first to the Senate Governance 
          & Finance Committee which has policy jurisdiction over most 
          bills affecting redevelopment, and then to the Senate 
          Judiciary Committee which reviews bills affecting contract 
          litigation.


                                 Assembly Actions  

          Assembly Housing & Community Development Committee:  7-0
          Assembly Floor:                              78-0


                         Support and Opposition  (6/16/11)

           Support  :  Western Center on Law & Poverty.

           Opposition  :  California Redevelopment Association.