19%
Of total
17.5%
Of total
19.2%
9.6%
53%
Total: $8,300,000
Administration: $2,900,000 34.9%
+
=
87.5% spent
Administration &
Debt services
12.5%
Redevelopment activities
(After pass throughs)
$13.12 million total
This pie chart came from a presentation by Eric Crockett at the SWCVCA meeting in June of 2007. The percents were calculated and added to the slide. After the Low-Moderate Housing Fund got its share (a little lower than 20% because of an advance the year before) and the schools got theirs 34.9% of the money was spent on Administration (salaries and supplies) and 53% was spent on debt service. This left 12.5% or $1,500,000 for redevelopment activities which included more supplies and loans. The $400,000 to Goodrich is a payment on a deal reached in 1991 that involved taking the Ramos property to the north of Goodrich by eminent domain and Goodrich giving up its south campus to the port. The property to the south was only cleared in 2007 and the Ramos property to the north still has not been handed over to Goodrich. Staff thinks this might happen this year or next.