HomeMy WebLinkAbout25169RESOLUTION NO. 25169
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 24-25 A&B) AND AN ADMINISTRATIVE
EXPENSE BUDGET FOR THE PERIOD OF JULY 1, 2024,
THROUGH JUNE 30, 2025, 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 (ROPS 24-25) for the
period of July 1, 2024, through June 30, 2025, attached to and incorporated into this
Resolution as Exhibit A, is hereby approved.
SECTION 3. The administrative budget of $87,711.44 for the period of July 1,
Resolution No. 25169
Page 2
2024, through June 30, 2025, 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 24-25 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.
ADOPTED THIS 14T" DAY OF DECEMBER 2023.
Scott C. Stiles, City Manager
ATTEST:
renda Pree, City Clerk
Resolution No. 25169
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, hereby certify that
Resolution No. 25169 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on December 14, 2023, by the
following vote
AYES: Councilmembers Garner, Holstege, Middleton; Mayor Pro Tem deHarte; and
Mayor Bernstein
NOES: None
ABSENT: None
RECUSED: None
IN WITNESS WHEREOF, I have hereunto,,s e�t my hand and affixed the official seal of the
City of Palm Springs, California, this �__ay of December 2023.
rends Pree, MMC, CERA, City Clerk
City of Palm Springs, California
Resolution No. 25169
Page 4
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 24-25
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary
Filed for the July 1, 2024 through June 30, 2025 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.
24-25A Total
24-25B Total
ROPS 24-25
(July -
(January -
Total
December)
June)
$ 1,274,637
$ -
$ 1,274,637
1,269,769
-
1,269,769
4,868
-
4,868
$ 733,368
$ 1,913,772
$ 2,647,140
647,657
1,913,772
2,561,429
85,711
-
85,711
$ 2,008,005
$ 1,913,772
$ 3,921,777
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Palm Springs
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes
July 1, 2024 through June 30, 2025
I Item # I Notes/Comments I
3
...............................
7
....................................................................................................................................................................................... -, ...................................................................................................................................................
..............
8
..............................................................................................................................................................................................................................................................................................................................................
...............
9
........... ............ .........................................................................................................................................................................................................
..............
33
..............................................................................................................................................................................................................................................................................................................................................
.......... * .....................
44
................................
..............................................................................................................................................................................................................................................................................................................................................
1 Reserve for September 1, 2025 Debt Service
............... ................................................................................................................ .............................................................................................................................................................................................................
62
................................
66
.................. *
..............................................................................................................................................................................................................................................................................................................................................
.......... 1 Reserve for September 1, 2025 Debt Service
70
............... * ................
71
................................................................................................................................................................................................................... ........................................................................................................................
................................
73
................................................................................................................................................................................................... ..........................................................................................................................................
74
..............................................................................................................................................................................................................................................................................................................................................
Reserve for September 1, 2025 Debt Service
75
........ . ....................... ............................................... ............. ............................... .......... ........... .............. ................. ...........
. ........................ ......
76
... .......... . ............ .... ....................................... ................... ....................... ..................
1 Reserve for September 1, 2025 Debt Service
I
I
Resolution No. 25169
Page 5
EXHIBIT B
ADMINISTRATIVE EXPENSE BUDGET 24-25
The maximum amount of the allowable administrative budget for the Fiscal Year is $250,000. The
Successor Agency estimated costs of personnel time allocable to the Successor Agency, costs
to prepare and administer the ROPS and audit of the Successor Agency's financial statements,
as well as other administrative overhead, are shown below:
Staff Costs (salaries and benefits):
City Manager
Community & Economic Development Director
Finance Director
Assistant Finance Director
Accounting Manager
City Clerk
City Attorney
Audit
State Controllers Report consultant fee to prepare report (SA portion)
Monthly checking account fees (allocated $1,000 per month)
Overhead (Liability Insurance, office supplies, overhead)
ROPS/PPA Preparation by Consultant
Total Administrative Budget
Budget
$ 217.67
2,130.70
3,103.44
12,229.62
7,959.42
320.58 $ 25,961.44
1,250.00
12,000.00
2,500.00
12,000.00
25,000.00
7,000.00
$ 85,711.44
1