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Home My WebLink About25081RESOLUTION NO. 25081 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS CAPACITY AS SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 23-24 A&B) AND AN ADMINISTRATIVE EXPENSE BUDGET FOR THE PERIOD OF JULY 1, 2023 THROUGH JUNE 30, 2024, PURSUANT TO THE CALIFORNIA HEALTH & SAFETY CODE. WHEREAS, the Successor Agency to the Palm Springs Community Redevelopment Agency ("Successor Agency") is the successor to the Community Redevelopment Agency of the City of Palm Springs ("Former Redevelopment Agency"), a redevelopment agency in the City of Palm Springs, duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) ("Redevelopment Law"); and WHEREAS, the "Dissolution Act," comprised of Assembly Bill "ABX1 26" (Chapter 5, Statutes of 2011) and "ABX1 27" (Chapter 6, Statutes of 2011), and subsequent legislation including Assembly Bill "AB 1484" (Chapter 26, Statutes of 2012) and Senate Bill "SB 107" (Chapter 325, Statutes of 2015), made certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the California Health and Safety Code ("H&SC"); and WHEREAS, H&SC 34177(I) requires the Successor Agency to prepare a Recognized Obligation Payment Schedule ("ROPS") listing the enforceable obligations of the Former Redevelopment Agency, including administrative expenses; and WHEREAS, pursuant to H&SC Section 34177(o)(1), beginning in 2016, each successor agency has been required to adopt a ROPS before each annual fiscal period establishing its enforceable obligations for that period, identifying sources to satisfy those obligations, and tracking its fund balances. NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY OF THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. The Recognized Obligation Payment Schedule (BOPS 22-23) for the ' period of July 1, 2023 through June 30, 2024, attached to and incorporated into this Resolution as Exhibit A, is hereby approved. Resolution No. 25081 Page 2 SECTION 3. The administrative budget of $250,000 for the period of July 1, 2023 ' through June 30, 2024 is hereby approved. SECTION 4. The City Manager or designee is authorized to take all actions necessary to implement this Resolution or any direction from the County Oversight Board, including without limitation, the posting of this Resolution and the Recognized Obligation Payment Schedule on the Successor Agency's website, provide notice of adoption of this Resolution and such Schedule to the County Auditor -Controller, the State Controller and the State Department of Finance or the filing of a notice of exemption from the California Environmental Quality Act. SECTION 5. The Successor Agency's governing board represents and warrants that it examined all of the items on the ROPS 23-24 and finds that each of them is necessary for the continued maintenance and preservation of property owned by the Successor Agency until disposition in accordance with the Dissolution Act, the continued administration of the ongoing enforceable obligations, or the expeditious wind -down of the affairs of the Former Redevelopment Agency by the Successor Agency. SECTION 6. In retaining the responsibilities of the Former Redevelopment Agency as provided in H&SC Sections 34173 and 34176, the City Council expressly determines, reaffirms, and ratifies the statutory limitation on the City and the City Council's liability in retaining the responsibilities of the Former Redevelopment Agency pursuant to the Dissolution Act. Nothing in this Resolution shall be construed as a commitment, obligation, or debt of the City or any resources, funds, or assets of the City to fund the City's service as the Successor Agency to the Palm Springs Community Redevelopment Agency as provided in this Resolution. SECTION 7. This Resolution shall take effect three days from adoption. PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, THIS 12th DAY OF JANUARY, 2023. TERESA GALLAVAN INTERIM CITY MANAGER ATTEST: ..41-1111r,�-- BReNYA1 PREE, MMC, CERA CITY CLERK Resolution No. 25081 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) ss. CITY OF PALM SPRINGS ) I, BRENDA PREE, City Clerk of the City of Palm Springs, California, hereby certify that Resolution No. 25081 was adopted by the Palm Springs City Council at a regular meeting held on the 12th day of January, 2023, and that the same was adopted by the following vote: AYES: Councilmembers deHarte, Holstege, Middleton, Mayor Pro Tern Bernstein, And Mayor Garner NOES: None ABSENT: None ABSTAIN: None IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Palm Springs, California, this I( day of , 7,n'L 14rr Brenda e, MMC, CERA, City Clerk City of Palm Springs, California Resolution No. 25081 Page 4 EXHIBITA RECOGNIZED OBLIGATION PAYMENT SCHEDULE 23-24 Recognized Obligation Payment Schedule (ROPS 23- 24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Palm Springs County: Riverside Current Period Requested Funding for Enforceable Obligations (ROPS Detail) A Enforceable Obligations Funded as Follows (B+C+D) B Bond Proceeds C Reserve Balance D Other Funds E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) F RPTTF G Administrative RPTTF - - H Current Period Enforceable Obligations (A+E) Certification of Oversight Board Chairman: Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency. 23-24A Total 23-24B Total ROPS 23-24 (July- (January- Total December) June) $ 11905,950 $3,000 $ 1,908,9! 1,903,404 - 1,903,4041 2,546 3,000 5,54 $ 6,454 $' 2,655,288 $ 2,661,74 6,454 21405,288 2,411,74_ - 250,000 250,000 $' 1,912,404 $ 2 658,288 $ 4,57016921 Name Title Signature Date Palm Springs Recognized Obligation Payment Schedule (ROPS 23-24) -Notes July 1, 2023 through June 30, 2024 Item # Notes/Comments 3 7 8 9 33 44 Reserve for September 1, 2024 Debt Service 62 66 Reserve for September 1, 2024 DebtService 70 71 72 7-4 Reserve for September 1, 2024 DebtService Reserve for September 1, 2024 DebtService Resolution No. 25081 Page 6 EXHIBIT B ADMINISTRATIVE EXPENSE BUDGET 23-24 The maximum amount of the allowable administrative budget for the Fiscal Year is $250,000, which is allocated to salaries and benefits as shown below: 40000 Salaries 175,896 41450 Telecommunication 258 41600 PERS Contribution 47,418 41700 Medicare Tax 2,551 41900 Fringe Benefits 23,619 41930 RHS Health Benefit_ 258 Total $250,000 The maximum allowance for administrative costs does not cover the total of such costs incurred by the City to administer the winding down of the former Redevelopment Agency's operations. Additional expenses not covered by the maximum allowance include additional salaries of personnel allocable to the Successor Agency, legal costs of the Successor Agency, costs to prepare and administer the ROPS and audit of the Successor Agency's financial statements, which total approximately $50,000. Such costs are paid by the General Fund. If any of the $250,000 allowance remains after payment of salaries, any amounts will be applied to such other additional administrative costs.