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| Contact
Information: |
INTERIM
DEPUTY CITY MANAGER FOR COMMUNITY DEVELOPMENT
Minh
Thai
Telephone:
626 580-2249
Location: City Hall West, 2nd Floor
11333 Valley Boulevard
El Monte, CA. 91731-3293
Email:
Redevelopment
Division General Mailbox
Office
Hours:
Monday through Thursday
8:00 am to 5:30 pm |
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| Redevelopment
Projected Areas: |
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| Northwest
El Monte: |
| The
Northwest El Monte Redevelopment Project Area is
one of the largest project areas in the city. It
encompasses 410 acres of industrial land and was
adopted in 1993. Current projects in this area include
Pacific Place
on Valley Blvd., east of Arden Dr. and a proposed
senior housing complex across the street. |
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| El
Monte Center: |
| The
El Monte Center Project Area was adopted in 1983
and included 60 acres of commercial property. The
Redevelopment Agency has assisted in the development
of a community shopping center that includes a Denny’s
Restaurant, Big K-Mart, Dearden’s Department
Store, and a HomeTown Buffet. The El Monte Center
Project Area is also home to Longo Toyota, the No.
1 auto dealership by sales and volume in the nation. |
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| El
Monte Center Amendment No. 1: |
| The
El Monte Center Amendment No. 1 Project Area was
created in 1989 and consists of an additional 114
acres of commercial land. In 1996, the Agency
assisted in the development of a Nissan dealership.
Nelson Honda, Nelson Dodge and Scott Pontiac soon
followed. Together these auto dealerships,
along with nearby El Monte Ford, form the El Monte
Auto Center along the San Bernardino I-10 Freeway. |
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| Downtown
El Monte: |
| The
Downtown El Monte Project Area was implemented in
1987 and encompasses 213 acres. Redevelopment
efforts have resulted in the development of the
Santa Fe Plaza, a neighborhood commercial center
that includes El Pollo Loco, H & R Block, Rite
Aid, Beneficial Household Bank, and El Sombrero
Restaurant. The TELACU Amador Manor, a multi-unit
senior housing development was also recently completed
with the assistance of the Redevelopment Agency.
Current projects include Vista del Valle, 35 detached
homes behind Valley Mall, and a proposed retail
complex on Valley Blvd. and Santa Anita Ave. |
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| Downtown
El Monte Added Area: |
| The
Added Area to the Downtown El Monte Project Area
contains 231 acres of commercial, residential, and
industrial land and was adopted in 2001. This
new project area focuses on the revitalization of
the residential neighborhoods by adding new street
trees, repairing sidewalks, and providing grants
& loans for property improvements, as well as
providing opportunities for new development. |
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| Santa
Anita/Tyler: |
| The
Santa Anita/Tyler Project Area was adopted in 1984
and resulted in the development of two 2-story 64,400
square foot office buildings adjacent to the El
Monte Airport. |
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| Ramona/Valley: |
| The
Ramona/Valley Project Area was adopted in 1982 and
is occupied by a Bank of America branch office.
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|
| Plaza
El Monte: |
| The
Plaza El Monte Project Area was adopted in 1981
and contains a neighborhood shopping center that
is anchored by Payless Shoe Source and King Taco
Restaurant. |
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| El
Monte Plaza: |
| The
El Monte Plaza Project Area was adopted in 1978
and consists of a neighborhood shopping center that
is anchored by Albertson’s, and is surrounded
by a number of retail shops, including as Blockbuster
Video, Enterprise Rent a Car, and Baskin Robbins.
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| East
Valley Mall: |
| The
East Valley Mall Project Area was the first project
area in El Monte. The redevelopment agency issued
a bond to assist in the development of El Monte
Executive Plaza, a 6 story professional office building.
This project area is also currently the site of
Cal Fed Bank. |
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| Agency
Meetings: |
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| Frequently
Asked Questions: |
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What
are the benefits to citizens living within a Redevelopment
Project Area? |
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Through
redevelopment, a project area can receive focused
attention and financial investment to help revitalize
existing businesses and attract new development,
create jobs, rehabilitate and add to the existing
housing stock, as well as gain active participation
from residents. |
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What
is a Redevelopment Plan? |
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A
redevelopment plan represents a framework within
which specific projects will be undertaken. The
plan provides the redevelopment agency with powers
to buy and sell land within area covered in the
plan, improve dilapidated facilities, and to use
tax increment financing. |
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What
is a Project Area? |
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A
project area is the area in which the actual redevelopment
will take place. The project area must first go
through a lengthy planning process during which
residents and business owners who may be included
in the project area have a chance to express their
views. After a public hearing, the redevelopment
agency adopts the project area and becomes responsible
for planning future improvements. |
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How
do Redevelopment Agencies secure funds? |
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State
law provides redevelopment agencies with the power
to raise funds for redevelopment through a method
called “tax increment financing.” On
the date the redevelopment plan is approved the
property within the boundaries of the project area
is assessed a total property value. If the value
of the property increases in subsequent years a
portion of the new taxes derived from this increased
value goes to the Redevelopment Agency. The Redevelopment
Agency may also issue bonds that are later repaid
with the revenue generated from tax increment monies. |
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Will
property taxes be raised? |
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No.
Any sale, development or rehabilitation of property
generally causes a rise in property value but not
an increase in tax rate. |
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If
I am in a redevelopment project area does that mean
that I will have to leave my home? |
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Living
in a redevelopment project area does not mean you
will have to move. Redevelopment is a planning process
that is designed to fulfill the needs and desires
of the majority of residents and business owners
for the improvement of the community. Only properties
that are essential for the revitalization of a blighted
area will be purchased by the Redevelopment Agency. |
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What
happens if my property is acquired by the Redevelopment
Agency? |
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When
it is necessary to acquire a property within a
project area the Redevelopment Agency will pay
fair market value (i.e. the value the property
would have if it was placed on the market and
sold). The occupants may be eligible for relocation
benefits that include:
-
Assistance in finding a new location
- Payments to help cover moving costs
- Rental assistance payments to eligible renters |
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What
are the community wide benefits of redevelopment? |
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More
job opportunities (retail, services, office, and/or
manufacturing jobs).
New cultural, shopping and recreational opportunities
in the community.
More dollars flowing into the city as a result of
redevelopment activities (sales tax and hotel tax
revenues) in order to provide greater local services,
including public safety and street improvements. |
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| Business
Assistance Programs: |
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