Doreenfarr ThirdDistrict,Chair Board of Supervisors

"County of Santa Barbara (Isla Vista): over the past 11years spent $44.1 million; received $39.0 million in Tax Increment; has $17 million in outstanding long- term debt and obligations. " The Board disagrees partially with the fmding and includes the following explanation. While the estimated amounts stated in Finding 7 regarding what the former County of Santa Barbara Redevelopment Agency (Isla Vista) received, spent and maintains in outstanding long-term debt and obligations are close to the actual figures, we include the following specific data gathered from our records. Grand Jury Response: "Requiem for Redevelopment" of4 Revenues received: $37,957,445 Debt issued: $17,000,000 Expenditure spent: $39,073,204 The Oversight Board for the Successor Agency to the former County of Santa Barbara Redevelopment Agency met on April 12, 2012 and unanimously approved the Agency's Recognized Obligation Payment Schedule (ROPS). The ROPS is a payment schedule which details the outstanding financial obligations of the Successor Agency including the amounts, dates of payment, source of funding and payee for each payment. The approved ROPS was then forwarded to the State Department of Finance on April 13, 2012 as required by ABXl 26.

"Detailed data are not available on the amount of money spent on individual projects, the recipients of this money, or how these projects have contributed to eliminating blight. " The Board disagrees partially with the finding and includes the following explanation. Detailed data regarding the amount of money spent on past individual projects including housing and non-housing projects, and the recipients of the money spent, is available in the "Other Supplementary Information" section of the former RDA's Annual Financial Report for the fiscal year 2010/2011 on pages 40-59. The Annual Financial Report is posted on the Agency's website located here: http://www.countyofsb.orgluploadedFiles/ceoIRDAIFinancial Report of the Santa Bar bara County Redevelopment Agency.pdf While the former Agency's Annual Report does not specifically detail how each individual project has contributed to eliminating blight, a characterization of blighted conditions within the' Project Area can be found on of the Annual Report and the former Agency's "Major Initiatives" intended to eliminate such blight can be found on pages 5 and 6.