HomeMy WebLinkAbout4/3/2012 - RESOLUTIONS - 005 RESOLUTION NO. 005
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS APPROVING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE ('BOPS") AS REQUIRED BY HEALTH
AND SAFETY CODE § 34180 FOR THE PERIOD ENDING
JUNE 30, 2012.
WHEREAS, in accordance with the provisions of the California Health and Safety
Code Section 34173, the City Council of the City of Palm Springs, a public body,
corporate and politic, has been designated and has accepted such designation of
Successor Agency ("Successor") to the Community Redevelopment Agency of the City
of Palm Springs to carry out the purposes of and exercise the powers granted to
Successor Agencies in accordance with Assembly Bill X1 26 (ABX1 26), Section 1.85 of
Division 24 of the Health and Safety Code; and
WHEREAS, pursuant to Section 34177(1)(2)(A), the Preliminary Initial 'Recognized
Obligation Payment Schedule" ("IROPS") was prepared by the Successor Agency for
the enforceable obligations of the former redevelopment agency by March 1, 2012; and
WHEREAS, the Preliminary Initial ROPS projected the dates and amounts of
scheduled payments for each enforceable obligation for the remainder of the time
period during which the redevelopment agency would have been authorized to obligate
property tax increment had such a redevelopment agency not been dissolved; and
WHEREAS, the Preliminary Initial ROPS shall be reviewed and certified, as to its
accuracy, by an external auditor designated by the Riverside County Auditor-Controller
pursuant to Section 34182; and
WHEREAS, the certified ROPS must be submitted to and duly approved by the
Oversight Board and submitted to the County Auditor Controller on or before April 15,
2012; and
WHEREAS, the Oversight Board, in accordance with the provisions of the California
Health and Safety Code Section 37179 (a), has been formed to carry out the purposes
and exercise the powers granted to Oversight Boards in accordance with Assembly Bill
X1 26 (ABX1 26), Section 1.85 of Division 24 of the Health and Safety Code; and
WHEREAS, the Oversight Board is now in receipt of the ROPS; and
WHEREAS, the ROPS has not yet been certified by the County Auditor-Controller;
and
WHEREAS, the ROPS identifies and includes an administrative budget.
Resolution No. 005
Page 2
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD AS THE
GOVERNING BOARD OF THE SUCCESSOR AGENCY OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS AS FOLLOWS:
SECTION 1. The City Council as the Successor Agency's governing board
established and approved the Preliminary Initial Recognized Obligation Payment
Schedule in the form attached to this Resolution as Exhibit A. The City Council, as
Successor Agency, directed the City Manager to cause the transmission of the ROPS to
the Riverside County' Auditor-Controller, the State Controller's Office, and the State
Department of Finance, or alternatively to provide notice to those entities together with
the address of the City's website and the posting of the ROPS to the City's website.
SECTION 2. The Successor Agency found and determined that the
establishment of the ROPS is not a "project" requiring environmental review under the
California Environmental Quality Act (Public Resources Code Section 21000, et seq.)
because it pertains to governmental fiscal activities which do not involve any
commitment to any specific project which may result in a potentially significant impact
on the environment.
SECTION 3. The Successor Agency recognized the ROPS serves as the budget
document for the Successor Agency during the designated operative period and
appropriated funds as identified.
SECTION 4. The Successor Agency is required to submit the ROPS to the
Oversight Board for approval.
SECTION 5. The Oversight Board has received a non-Certified ROPS and
approves the ROPS and all the underlying agreements, as amended, subject to
certification by the County Auditor-Controller, a copy of which is attached as Exhibit A to
this Resolution.
SECTION 6. The Oversight Board directs the Clerk/Secretary to cause the
transmission of the ROPS to the Riverside County Auditor-Controller, the State
Controller's Office, and the State Department of Finance, or alternatively to provide
notice to those entities together with the address of the City's website and the posting of
the ROPS to the City's website.
SECTION 7. This Resolution shall become effective three (3) business days
after its adoption.
PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY THIS 3RD DAY OF APRIL, 2012.
Cl-
IRPERSON
Resolution No. 005
Page 3
ATTEST:
LERK SECRETARY
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Clerk/Secretary, to the Oversight Board of the Successor
Agency to the Palm Springs Community Redevelopment Agency, hereby certify that
Resolution No. 005 is a full, true and correct copy, and was duly adopted at a special
meeting of the Oversight Board on April 3, 2012, by the following vote:
AYES: Board Members Deas, Foat, Marshall, Ready, Van Horn, Vice Chair
Howell and Chair Flavin.
NOES None.
ABSTAIN None.
ABSENT None.
e�gmes Thompson, Clerk/Secretary
City of Palm Springs, California
Name of Redevelopment Agency: Community Redevelopment Agency of the On,of Palm$pdmms Paget 06 Pages
Prplepl Aaa(s) Mn9ed Proect No.I
INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26.Sectlon 34167 and 34169
Total Outstanding
Debt or Obligation $Dome of Pa menlsb months of June 30, Total Due During
Project Name l Debt Obligation Patent Desch bon 2011 Fiscal Year Payment F Jul-Dec Jan" Feb Mar Aging Wi June Total
11 2004 Tax Allocation Refunding Bonds Series Bank of New Yoric Mellon Trust Refinance 1994 Tax Ailoadon BOnds 24410886 194T267 RPTTF 824,564 1,122703 1122,703
2 200]Tax Allocation BOMs,SarwxA Bankof New Yoh Mellon Trust Ca 1wi Proeds 23,960388 928,838 RPTTF 309613 619225 619225
32007 Taxable Tax Allocation Bonds Series B Bank of New York Mellon Trust PaipermAquisumn 3,054458 I]5941 RPTTF 58,647 117294 117,294
4 SERAF Loans Low Net H.Ing FUM Loans for FY 2009)10 and 2010111 SERAF P 5.069.M 1013,969 RPTTF 1013,868 1013,969
5 Guy Loan antl Interest CI of Palm$d s Operating and Adminladminve Costs 1553913 1.50913 111 1,553,913 1553,913
6 Loan Low Moll Hound Houndr,Fund Loan to Me ed Proecl No,I 148632 74,316 RPTTF 74,316 74316
71 Hours,Deferral Repowneent Low Mod Housing Fund Pre-1986 Set Aside Def smal 1.532 669 RPTTF 0
81 2W4 Communed Center Bonds Cily of PalmSprings Agency Contribution b Convention Center Ex 29.900000 1300,OW RPTTF 8W,g00 6W W0 6W.000
9 A memem or Reimbursement Cus Of Palm S n sWastewater Fund 438310 439310 RPTTF 14473 423837 438.310
ID Coo mmueA raement Cits of Palm$ dos lSalarles and Benefits 4600000 214799 ACA 107399 179W 17.900 17,900 t]9W 17,900 P.900 107,400
11 miAgreement Cft of Pal.SPrimers Insurance 181300 9,055 ACA 4,03 2266 2266 4532
12 Comparative A reemenl City of Pol.Spring. Administrative Changes 3.1452100 157260 ACA 70630 39315 39,315 78,6W
13 Coo rativeAgreement ChydPidansphini Materials and Supplies 336440 16,922 ACA 5758 1844 1,844 1,844 1844 1a" 1.844 11,064
L41 Cooperative A reement City of Palm S tl s Building Rental 210000 10500 ACA 105W 0
15 Contract Servkes-Audit Lance Soil&Lunalthard AW4Servlces 172500 6.9W ACA 4,400 logo 1,m0 2.500
L61 Contact Services-Le al Wocx1ruffSpendim OerealLegal Counsel 1244600 49]B4 ACA 15281 5750 5.750 57W 1 5750 5)W 5,753 34.503
17 Contract Servkes-Le al Best Hand&Kral ur Redevelopment S eclal Counsel 14402 14402 ACA 14.02 0
18 Contract sousk,ei-Consuffing Terra Nova Consulting Consulfi Services 300 3053 ACA 3,053 0
19 Contract Services-Consulting Gamma Commit Consulting Downt.Consuffing 144000 144.000 Fund Balance 54WO lib" 15.000 15,000 1 15000 1510011 15.000 90.000
W01 CenVac,Services-Consulfi er Marsten Flnmclal Ana is Services 11640 11,Bd0 Fund Balance 11,640 0
21 Contract services-Fnatcial Harrell&Company Advisers Band Disclosure and Financial Anal Is 23001W 10000 ACA 2.5W 2,500 2500 2,500 IBM
22 20110 nP0-AWA fence Soil&Lu hall Audit Servkes 1.530 1.nO Fund Balance 1,530 0
231 2011 Onsh PO-Financial Harrell&Cam n Advisors Bond Disclosure and Financial Anal is 6,657 6,667 ACA fi 65] 1 1 6.657
24 Pro Tax County of Riverside Pugaerly Tax on Acgulned Ptolemy BOW 1 8,000 RPTTF BOW &000
25 Contract Servkes-Other an,rebels,talc Various Various COnsulti Servkes 1.38]]97 W.339 ACA 339 10,000 10.000 IO.BW BOOW 10.0W 10000 60.OW
26 Piously Tax Collector,Fees Courts,of Riverside SB255]Fees 2,971000 114500 RPTTF 1 114500 114,540
2] Bond Trustee Fees Bank of New York Melton Trust Trustee Pass 161.000 6,360 ACA 6,360 0
28 Contract Servkes Consulfin Ke er Marston Consu4in Services-Paclflc Hos hall 25243 25,243 RPTTF 0 25243 25243
29 Pacific Hmsi Judgment Install,Hos Beg Pucignmard as Determined by Good To be Determinant To W Oelenpltgd RPTTF 0 0
30 Comacl Services-Financial jilarrall&Company Advisors I EDP$and ROPS Consulting 6,538 6,538 ACA 0 fi 538 61538
0
Totals This Page 105.]96004 0300,046 2.160,649 4,128102 134013 54,494 175494 92,075 1.555119 6149.297
Touts Paget 9,353947 3.180395 549,510 55.480 1 51.199 657,848 250400 250400 1315557 2WO,804
Tomas-Page 3 2.634735 2634,735 0 1,289914 g 242.689 0 0 1102,072 2634.735
Totals-Page 4 50,540768 5358208 1140,688 2,988730 48146 26,826 97269 45.145 1.011126 4217,107
Totals Pages 1419170 1419.170 0 4g536] 0 110.785 0 0 813018 1.419.170
Totals Page6 Ifti
Communal AfIP a 1856"004 25398.038 5,8]3.238 11 p64,W8 2]0.541 i11 d,825 544952 424,303 6055,342 18A]4,388
RPTTF=Redevelopment PrepeM Tax Tust Fund
LMIHF=Low and Mode ste Income Housing Fund "Includes Bond Debt Service Due In August and September 2012
ACA=Administrative Cost Allowance
Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Sent, Page 2 of Pages
Project Areas) Merced Proem No.1
INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section U167 and 34169
g
Dabt or Obli
as of June M.W. Total Due Outing Source of Pa m emlsb m
Protect Namel Oebt 061 gon Pa Defier tun 2011 Fiscal Year Payment Jul-Dec Jan Feb Mer 1 nl Wy Jun, Total
1 2011 Open PO-Animal Shelter Allen F Street B Associates Animal Sheller Consirvtlion 32,656 328W Bond Proceeds 32856 0
2 2011 Open PO-Anal Sheller SwatlRAeirs Architects Animal Shelter ConsVUCOon 15,479 15,479 Bond Proceeds 15A19 0
3 2011 Open PO-Animal Shener Ponit Fe ro re hies Animal ShellerC gx n t.n Band Proceeds 0
4 5110 en PO-Animal Shelter Ingersoll Rand SecurityAnimal Shelter Consbuction 25,934 25934 Bond P.ceede 25934 0
5 5110 en PO-Animal Shelter West Test Co..umcalions Animal Shelter Phones ate. 9,027 9.027 Bond Proceeds 9027 0
6 2011 0 nP0-Animal Shelter Moore lacofana Gollsman Downtown Design Bond Proceeds 0
] 20110 nP0-Animal Shelter SchroerW Co Animal Shelter Kennels and lntske Cages 11,619 17,619 Bond Proceeds 17619 0
82011Open PO-Animal Sharer lake Slate Industries Arsenal Shelter Cees 4,469 4,469 Bond Proceeds d469 0
9 20110 en PO-Consaucti0n Ruk En preen SPalm Can nWideni 5198 5.196 Fund Balance 51% 0
10 Grounds Maintenance Various 0am0on of u1.Proe 160.000 8000 RPTTF 6000 400 400 400 400 400 2.000
it ContinuingAppropriators Van... Animal Shelter C mdruceon Bond Proceeds 98.915 98.915 Bond Proceeds 9B.835 W W
12 Continuin ro riadons Varous COD Master Flan 101.449 101,449 Fund Bslanoe 6W 50799 50A00 100.799
13 ConstruingA nations Various Need Fashion Plaza Vision 3444 3444 Fund Balance 3444 0
14 COnenui ro rations Various Ca ital Projects 165.557 ]6555] Fund Balance 250000 250000 250000 15.65] 66555]
15 Dis Oation and Deveu ment meat Endure Investments Financial Assistance 554.000 2]].000 RPTTF 22]000 22],000
16 Dis os0on and Down,mart Agreement Endure Investments Financial Assi6tonce 1400.000 RPTTF 0
1] Owner PartmggWon reemant VIP Motors Financial Assistance 900.000 130,448 RPTTF 130,4M 130448
18 Lease/Sublease reamer( VIPMOtors Pro Lease 3.9W,000 385,000 Lease Income 330,000 55000 - - 5518ID
191 Flo0d Control Trost Fund Various Fl0od Corot Tax Share enc Account 1,W0000 1300000 RPTTF 1300,000 1300000
L01 0
211 0
22 0
2311 0
24 0
25 0
26 0
2 0
28 0
29 0
W 0
31 0
32 0
33 0
4 0
5 0
6 0
0
39 0
1g o
Qg) 0
Touts-This Page 9,353.947 3.180.395 549,510 55,480 51,199 65],848 250,400 250,400 1,315.55] 2,6OO,BB4
RPTTF=Redevelopment Propen,Tax Trost Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Adminishat'Ive Cost Allowance
Name of Redevelopment Agency: Community Redevelopment Agency of the C4yof Palm Springs Page 3 of 6 Pages
Project Area(s) Merged Project No,1
nil INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section U167 and U169
o ing
Debtor Obllgadon
s of June W. Total Due Dunn, Source of Payments by moom
Project Name/Debt Obl aeon Payed Deal 2011 Fecal Year Payment Jul-Dec Jan Feb Mer Audi I Wv I June Total
1 Slt21l Payment-Riverside Coun Rveside County Tax Sharing Pursuant to Sec4on 3360)] 81691 8.691 RPTTF 8691 8.691
2 SB 211 Panamort-Ci of Palm S nn a G.t,of Palms nn s Tax Sharing%muantto Section 3360].] 96765 96,765 RPITF 96765 96765
3 SB 211 Payment-Palm Springs Unified School Dv,Palm Springs Unified Scrwol Distro Tax Staxin,Pursuant to Sector,3360].] 87,957 8].95] RPFTF 8].95] 87,957
4 SB 211 Payment-College of the Desert Colts.. ftry Desert Tax Shaning Pursuant W Sectlon 33607,7 26.009 25009 RPTTF 25(A9 25009
51 SB 211 Payment-County ice of Education Courmy OtBce of Education Tax Shl Pursuant to Section 33 " 13.659 13.659 Fl 13,659 13,659
_61 S8211 Payment-Riverside County Regional Pa Riverside County Regional Park Tax Sharing Pursuant to Section 3360].] 1,419 1,419 RPTTF 1419 1,419
_71 SB 211 Pa dant-Riverside County Flood Control Riverside County Flood Control Tax Standing Pursuant to Seclum 3360]] 3140 3.140 RMF 3140 3140
_81 SB 211 Pament-Cemeg Disinct Cemeta Distinct Tax Sharing Pursuant to Section 3360].] 86 86 RPTTF 86 86
9)ISB 211 Payment-Holmdal Dared Hospital District Tax Shanng Pursuant to Section 3360].] 6.661 6661 RMF 6,661 6.651
101 ISB 211 Payment-Wf us,Abatement Dcaict Aids unto Abatement District Tax Strong Pursuant to Sectlon 336o7 7 422 422 RMF 422 422
VIj SB 211 Payment-Resource Conservator Mistral Resource Conservation District Tax Sharing Pursuant to Section 33607 7 40 40 RMF 40 4)
12 SB 211 Payment-Coachdlhi Valley Water DisMCl Coachdlla Valley Water Disbid Tax Sharing Pursuant to Section 3360)] 3 3 RPTTF 3 1 3
13 513 211 Payment-CVWD Slone Water DiabmA CVWD Storm Water District Tax Small Pursuant to Section 3360]] 4 4 RPTTF 4 4
14 Contactual-Riverside County Riverside County Tax Sharing Pureuanl to Seddon 33401 1147.146 1,197,146 RPTFF 1197.146 1,147146
15 Contractual-Riverside County Default Riverside County Tax Shounng Pursuant to Section 33401 Den 530,585 SW 586 RMF 5305135 530.585
i6 Contractual-PalmSprings Unl6ed School District PalmSprings Unified School Dlanic Tax Shearing Pursuant W Section 33401 198,055 198055 Fl R198.055 198055
1] Contrachlal-Collee of lire Desert Collee of the Desert Tax Shari Pursuant to Sadson 33401 56,531 56.531 RPTTF 56531
18Oontmclual Coun OReofEduw4gn Coun Office of Education Tax Shann Pursuantto Section 33401 30]56 X756 RMF 30]56
19 Contractual Riverside Coun Flood Control Riverside Coun Flootl Control Tax Shari Pursuant to Section 33401 92.828 92828 RPTTF 92,828 92828
20 CgntracWel-Camera District Cemeta District Tax Shah Pursuant to Section 33401 4,105 4105 RPTTF 4.105
21 Contrart l-Mors unto Abatement Distrct Mos uito Abatement D drid Tax Sharin Pursuant to Sectlon 33401 38.184 38.184 RPTTF 38,184
22 Contractual-Coachella Valley Wakr District Coachella Valley Water Dal Tax Small Pursuant to Sectlon 33401 0 0 RMF 0
23 Contradxu l-Desert Water Agency Dated Water Agency Tax Shanno Pursuant to Sec4on 33401 1]55] 1].55] RMF 1]55] 1].55]
24 ContraotueL Desert Water Agency DS Override Desert Water A ene Tax Sharing Pursuant to Sectlon 33401 225,132 225.132 RPTTF 225132 225132
261 0
L61 0
271 0
282 0
29 0
30 0
L11 0
L21 0
L31 0
a 0
35 0
2fi 0
0
38 0
391 0
40) 0
Total,I'l is Page 2,63q735 2,634,735 1.289,974 D 242,689 1 0 0 1,102,072 2,634,]35
RMF=Redevelopment Property Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Springs Page of 6 Pages
Project Areas) Merged Project No.2
INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
g ing
Debt or Obligation
as of June 30. Total Due During Source of Paaments bk mon01
Proect Name I Not Obligated Payee Descd son 2011 Fiscal Year Payment July-Dec Jan" Feb I Mar I April May June Total
1 2004 Tax Allocation Refunding Bonds.SenesB Bank-of New York Mellon Trust Refinance 1994 Tax Alocurbon Bonds 14453,293 1A03384 RPTTF 390628 612]56 612]56
2 2007 Taxable Tax Alocaucn Bonds Series C Bank of New York Mellon Trust PropervAccusifion 12,407,609 848,503 RPITF 325164 523.339 523.339
3 City Loan and Interest City of Palmsprings Operafing and Administrative Costs 103250 103,250 RPTTF 1o3250 103,250
4 reement for Reimbursement City of PalmSprings PSL-236 Lease 3400.000 122892 RPTTF 110000 12,892 12892
_51 Agreement for Reimbursement City of Palm Btl o Susbinsibifily Partial Prea end of PSL 236 Lease 1126436 1125.436 RPTTF 1,125,436 1,125436
_61 2004 Convention Center Bonds Gdy of PalmSpring. enc Contribution to Convention CenterE 6,900,000 300000 RPTFF 150000 150.000 150000
] reement for Reimbursement City of Palms nn s Wastewater Fund 1120,380 850939 RPTTF dd0.939 410A00 850939
B Coo eri Agreement City of PalmBrings Sell and Berp% 5,540 DOD 214.798 ACA 107,398 17.900 17900 17,900 17,900 17900 17,900 107400
9 Cog native Agreement Cq of Palms nn a Insurance 17U60 8888 AGA 4d14 2222 2222 4444
10 Cooperative Agreement Oil,of Palma rids Administrative Changes 1509.220 75461 ACA 37.5% 18798 18J97 37596
11 Cop,mismosAgreardand City of Palms rids Materials and Su Iles 212,420 1 10621 ACA 2701 1320 1320 1320 1,320 1320 1.320 7,920
12 C ner.Agreement City of P.Im Spossis Building Rental 9g000 4500 ACA 4500
13 Contract Services-Audit Lance Sell B Lan hand Audit Services ]],500 SAW ACA 1400 1000 700 1700
14 Contract Services-Le al Woodruff S radlin General Le el Counsel 197.900 7,916 ACA 2480 906 906 908 906 906 906 5,436
15 Contract Services-Financial Harrell ACom n Advisers Bond Disclosure and Financial Analysis 184.000 B000 ACA 2000 2.000 2000 2,000 8000
L61 Contract Services-Omer e. .rebate see Various Various Consuls Services 460,000 20.000 ACA 00001 4.00D 4000 d 000 4.000 20,000
9 Bond Trustee race Bank of New York Mellon Trust Trustee Fees 161,000 4520 ACA 4,377 143
18 Property Tax Collection Fees -CintnticaRmansid, SO 2657 Fees 1,846,000 71.000 RPTTF - 71,00 71000
191 FloodC ptmcl Trust FurN Various Feed Control Tax Sharing Agency Account 95,000 575000 RP1l 575,000 575,000
20
2t
122)
23
24
25
26
2
28
9
31
33
34
35
36
3]
38
9
al
foods-Thin Page $ 50,540,768.00 5,358,208 1,140,688 2,988.738 48.t46 26.826 97,269 45,145 1.011126 4,217.107
RPTTF=Redevelopmml Property Tax Trust Fund "Includes Band Not Service Due in August and September 2012
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
Name of Redevelopment Agency: Commun'dv Redevelopment Agency of the Cior of Palm Springs Page of 6 Pages
Project Areas) Merged Pro.ct No
INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section U167 and U169
Total rg
Debtor Obl'ga4on
s of June 30, Total Due During Source of Pavararts by monN
Protect Name l Debt Obi aeon Pa ee Description T011 Fiscal Year Payment Jul-Dec Jan Fab Mar Aard I May June ToWt
JISB
211 Raymond-fWamide CountyRiveralde CountyTax SharingPursuanito Section 33607.7 0 0 RPTTF 0 0
211 Payment-Ci of PalmSprings Cityof Palms rims Tax SharingPursuant to Savion 3N0]] 33470 33,470 RPTTF 33470 33,470
211 Payment-PalmSprings Undled School Di PalmSprings Unified School DisGig Tax Shan Pursuant to Section 3360].] 6554 6554 RPTTF 6554 6,554
211 Pa marl-Call.,of the Desert Coll.,of the Desert Tax Shaun Pursuant to Section 336077 1871 1,871 RPTTF 1.971 1871
211 Payment-CountyOffice of Education Count Office of Education Tax SharingPursuant to Section 336D].] 1018 1,018 RPTTF 1018 1 m
211 Payment.Riverside CountyRegional Pe Riverside CountyTonal Parr Tax SharingPursuant to Section 3360].] 492 492 RPTTF 492 492
211 Pa ment-Riverside Coun Flood Control Riverside Coun Flood Control Tax SM1ann Pmsuantto Section 3360]] 0 0 RPTTF 0 0
211 Pament-Camara District Camera Distrot Tax Shatln Pursuant W Section 3360Z] 180 180 Fi 180 1B0211 Pa nt-Hos ital Dstrict Hos ital Distinct Tax Shad Pursuant to Section 3360].] 23D4 2.304 RPTTF 2304 2304
211 Pa ment-W ies Abatement District Mos unto Abatement District Tax Shadn Pursuant to Section 3360].] 0 0 RPTTF 0 0
211 Pe ent-Resource Conservation Distinct Resoume Conservation Dstnct Tax SM1ann Pursuant to Section 33601.] 0 0 RPTTF 0 0
211 Payment Coachella Valle Water District Coachella Valle Water District Tax SM1ann Pursuant to Section 3360]] 0 0 RPTTF 0 0
13 SB 211 Pemant-CVWD Storm Wafer District CVWD Sturm Water Distinct Tax SM1ann Pursuantto Sdxton336W] 0 0 RPTTF 0 0
14 Contractual-Riversitle CountyRiverside Coun Tax Shaun Pursuant to Section 33401 903110 903110 RPTTF 451555 451555 903110
15 Contractual-Palms n s United School Distant PalmSprings Daniel School Distric Tax SM1aM Pursuant to Section 33401 184829 184.829 RPTTF 184829 184829
16 Contractual-Coll a of the Desert Call.,of Me Desert Tax SharingPursuant W Section 33401 52156 52.756 RPTTF 52.7% 52.756
L7 Contractual-Coun CFce of Education Count Office of Education Tax Shadn Pursuant to Smt.g 33401 31109 31.109 RPTTF 31109 3t109
18 Contractual-Riversitle CountyFlood Control Riverside CountyFood Control Tax Shand,Pursuant W Section 33401 60746 60.]46 RPTTF 43,812 16934 60,746
19 Contractual-CemeW District Damage DisNct Tax SM1ann Pursuant to Section 33401 919 919 RPTTF 919 919
20 ConrracNel-Mos alto Abatement District Mos uiW Abatement pl¢Iricl Tex SM1an Pursuant to Section 33401 0 0 RPTTF 0 0
21 ConVacNal-CoacM1elW Valle Water OisWd Coachella Valley Water District Tax Shan"Pursuant to Section 33401 29A2] 29.027 RPTTF 2902] 29027
22 Contractual-Desen Water Men Desert Water erw Tax Shaun Pursuant to Section 33401 8257 825] RPTTF 8.257 8.257
23 Contractual-Desert Water AgencyDS Override Desert Water AgencyTax SharingReinvent to Section 33401 102528 ID2528 RPTTF 102.528 102,528
24 0
25 0
26 0
2] 0
28 0
29 0
30 0
1 0
32 0
33 0
34 0
35 0
36 0
3] 0
38 0
39 0
q0) 0
Totals-This Page 1,419,170 1419,170 495.3fi] 0 110.785 0 0 813.018 1419,170
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Admirmse"five CostAllowance
Name of Redevelopment Agency: Community Redevelopment Agency of me CM of Falm Springs Page of 6 Pea
Proect Areals) Low and Moderate Income Hpuieno Fund Obilud.ris
INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
mg
Debt or Obligation
s of June 30, Toilet Due Dunn, Sourne of Pa mauls by mend,
Total Outstand
Proect Name l Debt Obli ation Pay" Description 2011 Fiscal Year Payment Jot-Dec Jan" Feb I Mar I Affil I NI June Total
1 2001 Housing Tax Alocaaon Bonds Bank of New York Mellon Trust Refinance 1991 Housing Tax Nlecation Bon Q030290 834352 LMIHFAI'll 368834 466,518 N15,518
2 Housing Proeca arr0 programs To Be Determined Restricted Sale proceeds to be used for Low 162630 162,630 LMIHF _ 162,630 16216M
3 20-AHoti.insiSatMicla Low Mod Housing Fund Heroine Fro'eca and programs 1,621100 1.621,100 RMT 1.621,100 1.621100
4 Ni been ate Manor ba rovemenls Low Mon Housing Fund Low Mod Hapeng Proect 60000 60000 LMIHF 60,000 60000
5 Sunset Palms Apartmenh, Low Mod Housing Fund Low Mod Housing Proect 1 WOOW 1.W0000 LMIHF 1,500000 -
6 NlndiaNSan Rafael protect Low Mod Husl10 Fund Low Mod Housing Proect 4500 4500 LMIHF 169 4.031 4,031
] Coo eradw,A reement Cil,of PalmSprings Salaries and Benefits 6.000000 232,689 ACA 116289 19,400 1940o 19400 194W 99400 99.40B 116,400
_61 Cooperative Agmement Ci of Palm S,rm.. Insurance 356W 1,783 ACA 892 446 446 892
_91 CoopernitIve Agreement City of PalmSprings Adminic"WeChamps 1195800 1 59790 ACA 29895 14.948 14948 29.8%
10 Coo rative eement Cit of PalmS rin s Materials antl Su Iles 152400 ],620 ACA 2286 889 889 889 BB9 889 - 889 5.334
IL Cooperativement Ci n of Pa.S s Bell Renal 20000 1,000 ACA 1000 -
12Con4ectServiceseAudit Lance Soil&Lunhard Audit Services 25000 1,000 ACA W6 394 394
13 Bond Trustee Fees Bank of New YUA Mellon Trust Trustee Fees 22000 2,120 1 ACA 29120 -
14 Contract Services-Financial Harrell A Guman Advisers Bond Disclosure and Flnanclal Analysis 20000 2000 ACA WO 600 WO 500 2.000
15 Contract Services-Mar e.q rebate cal Venous Various raultrnq Services W W0 S,IJ00 ACA 1,000 1.00 1000 1000 1,000 5000
16
t>
18
19
20
21
22
23
4
25
26
2]
28
29
W
31
32
33
3
35
36
3]
30
39
40)
Totals-This Page $ 15,899,380.00 4,495,584 2.022.391 2.106,907 3],183 22,183 M12��
RFTTF=Redevelopment property Tax Trost Fund ^Includes Bond Debt Service Due in August and September 2012
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Coat Allowance