HomeMy WebLinkAbout8/7/2012 - STAFF REPORTS - 3.A. OVERSIGHT BOARD
FOR THE SUCCESSOR AGENCY TO THE
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY
BOARD REPORT
MEETING DATE: August 7, 2012 NEW BUSINESS
TITLE: APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS) FOR THE PERIOD OF JANUARY 1, 2013 THROUGH JUNE 30,
2013 PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH
AND SAFETY CODE
INITIATED: Department of Community & Economic Development
RECOMMENDATION:
Adopt Resolution No. 009, "A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS) FOR THE PERIOD OF JANUARY 1, 2013 THROUGH JUNE 30, 2013
PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH AND SAFETY
CODE."
BACKGROUND AND ANALYSIS:
Under AB X1 26, the former Redevelopment Agency is required to approve the
Recognized Obligation Payment Schedule (ROPS) every six months and submit them
to the County Auditor-Controller, the State Department of Finance, and the State
Controller's Office; the first "IROPS" was due by September 30, 2011; an updated
IROPS was due by January 31, 2012, the last day of operation of the Agency. After
review and approval by the City as the Successor Agency, the ROPS must then be
approved by the Oversight Board created and appointed under Section 34179 of the
Health & Safety Code. The first schedule covered the period from January 1, 2012 to
June 30, 2012 and was approved by the Oversight Board on April 3, 2012.
It was submitted to the Department of Finance and County Auditor-Controller prior to
the deadline of April 15, 2012.
This second ROPS, from the period July 1, 2012 to December 31, 2012, was approved
by the Oversight Board on May 1, 2012 and submitted to the State by the May 11, 2012
deadline. The State Department of Finance approved both ROPS simultaneously and
issued a letter on May 27, 2012.
The final ROPS was also certified by County Auditor-Controller and by the designated
External Auditor (which was the auditor hired County Auditor-Controller to prepare an
Oversight Board Report
August 7, 2012-- Page 2
Approval of ROPS
"agreed procedures audit" of the former RDA, Brown Armstrong Accountancy
Corporation of Bakersfield, California). Staff recommended the Oversight Board
approve the ROPS for transmittal to the State and County, subject to the audit and
review by Brown Armstrong. The conclusion of the audit and any findings, and any
changes to the ROPS based on the audit, would have returned to the Oversight Board
for review and amendment. No action of the Oversight Board was necessary from the
Brown Armstrong report. The transmittal letter from Brown Armstrong is included for
Oversight Board review.
The ROPS is the document used to determine the amount of what was previously called
tax increment the Agency will be allowed to retain on a six month basis as well as the
amount of the Successor Agency's allowable administrative budget. §34177(J)(2). A
new ROPS must be adopted for each successive six-month fiscal period. The second
ROPS was more consolidated as the Successor Agency removed several items that
were on the EOPS and ROPS as carryover items from the prior fiscal year; these items
no longer were tied to outstanding contracts or existing obligations.
The ROPS also references the Administrative Cost Allowance granted under AB X1 26,
as well as other administrative cost items that could be paid from Property Taxes
(RPTTF) with the consent of the Oversight Board. These items conform to the
Successor Agency budget previously approved by the Oversight Board and the State.
In late June, Governor Brown signed into law Assembly Bill 1484, a budget trailer bill
that makes substantial changes to the redevelopment agency dissolution process
implemented by Assembly Bill 1X 26. As with all budget trailer bills, AB 1484 went into
effect immediately upon signature by the Governor. The bill is lengthy and complex, and
will require careful consideration by cities and successor agencies. However, there are
some key provisions of the bill that have immediately affected the redevelopment
agency dissolution process.
One clarification in the law was the establishment of the deadline for the submittal of the
January 1—June 30, 2013 ROPS, which must be submitted to DOF and the State
Controller's office, after approval by the Oversight Board, no later than September 1,
2012. As such, the ROPS must be prepared and submitted to the Oversight Board by
the Successor Agency. On July 11, 2012, the Palm Springs City Council, acting as the
Successor Agency, approved the preparation of the Jan-Jun 2013 ROPS and the
submission of the ROPS to the Oversight Board at its regularly scheduled August
meeting.
If the ROPS is not submitted in the required timeframe, the host city is subject to a
$10,000 fine for every day the ROPS is late and the administrative cost allowance for
the successor agency is reduced by 25%. Therefore, the Successor Agency wanted to
ensure there was no delay in getting the ROPS to the Oversight Board in order to allow
time for the Oversight Board to meet and approve the ROPS.
Oversight Board Report
August 7, 2012 -- Page 3
Approval of ROPS
There are numerous other amendments made by AB 1484 that will have significant
impacts on the dissolution process for all successor agencies, including the requirement
to adopt a Long-Range Property Management Plan that governs the disposition and use
of the former redevelopment agency property, and further requirements by the State for
the "sweep" of unobligated Agency funds. These include very severe penalties for non-
compliance with these provisions, but once the Successor Agency does pay the full
amount of unobligated funds, the redevelopment agency may receive a "Finding of
Completion" which entitles the successor agency to certain "safe harbor" provisions that
affect the ownership of property and the repayment of certain City loans.
The new ROPS contains several cleanup provisions, including a reconciliation of
"estimated" expenditures and "actual' expenditures from prior ROPS.
RESOLUTION NO. 009
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY APPROVING
THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS) FOR THE PERIOD OF JANUARY 1, 2013 THROUGH
JUNE 30, 2013 PURSUANT TO SECTION 34169(g)(1) OF
CALIFORNIA HEALTH AND SAFETY CODE.
WHEREAS, The Community Redevelopment Agency of the City of Palm Springs
("Redevelopment Agency") was a redevelopment agency in the City of Palm Springs
("City"), 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, AB X1 26 and AB X1 27 were signed by the Governor of California
on June 28, 2011, making certain changes to the Redevelopment Law, including adding
Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section
34170) ("Part 1.85") to Division 24 of the California Health and Safety Code ("Health
and Safety Code"); and
WHEREAS, on February 1, 2012, all California redevelopment agencies were
dissolved, successor agencies were established to the former redevelopment agencies
pursuant to Health and Safety Code Section 34173, and successor agencies are tasked
with paying, performing and enforcing the enforceable obligations of the former
redevelopment agencies and winding down the affairs of the former redevelopment
agencies; and
WHEREAS, Health & Safety Code Section 34177(1) requires the Successor
Agency to prepare a Recognized Obligation Payment Schedule (ROPS) listing the
enforceable obligations of the former Redevelopment Agency; and
WHEREAS, Section 34177(1) also provides that the ROPS: (i) shall be reviewed
and certified by the Riverside County Auditor-Controller ("County Auditor-Controller");
(ii) submitted to and duly approved by the Oversight Board; (iii) posted on the
Successor Agency's website; and (iv) submitted to the County Auditor-Controller, the
State Controller and the State Department of Finance ("Department of Finance"); and
WHEREAS, in June, 2012 the Governor signed into law Assembly Bill 1484, a
budget trailer bill which established the deadline for the submittal of the ROPS for the
period January 1 — June 30, 2013, which now must be submitted to DOF and the State
Controller's office, after approval by the Oversight Board, no later than September 1,
2012; and
Resolution No. 009
Page 2
WHEREAS, Assembly Bill 1484 also establishes that if the ROPS is not
submitted in the required timeframe, the Successor Agency is subject to a $10,000 fine
for every day the ROPS is late and the administrative cost allowance for the successor
agency is reduced by 25%; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS AS FOLLOWS:
SECTION 1. The Oversight Board hereby finds and determines that the
foregoing recitals are true and correct.
SECTION 2. The ROPS for the period of January 1, 2013 through June 30,
2013, which is attached hereto and incorporated by reference, is hereby approved and
adopted.
SECTION 3. Future resolution of any non-allowed items will be accommodated
and addressed by amending the ROPS for the appropriate time period.
SECTION 4. The Clerk/Secretary is authorized to take all actions necessary to
implement this Resolution, including without limitation, the posting of this Resolution and
the Recognized Obligation Payment Schedule on the Oversight Board's website, and
the provision of notice of adoption of this Resolution and such Schedule to the County
Auditor-Controller's Office, the State Controller's Office and the State Department of
Finance.
SECTION 5. This Resolution shall be effective three (3) business days after
adoption.
PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY THIS 7T" DAY OF AUGUST, 2012.
CHAIRPERSON
ATTEST:
CLERK/SECRETARY
Resolution No. 009
Page 3
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. 009 is a full, true and correct copy, and was duly adopted at a regular
meeting of the Oversight Board on August 7, 2012, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
James Thompson, Clerk/Secretary
City of Palm Springs, California
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
WILL BE PROVIDED UNDER SEPARATE COVER
SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Filed for the January 1,2013 to June 30,2013 Period
Name of Successor Agency: City of Palm Springs as Successor Agency to Community Redevelopment Agency of the City of Palm Springs
Total Outstanding
Debtor Obii ation
Outstanding Debtor Obligation $ 138,786,998
Current Period Outstanding Debt or Obligation Six-Month Total
A Available Revenues Other Than Anticipated RPTTF Funding 660,000
B Enforceable Obligations Funded with RPTTF 4.037,358
C Administrative Allowance Funded with RPTTF 125,000
D Total RPTTF Funded IS+C=D 4,962,858
Total Current Period Outstanding Debt or Obligation(A+B+C=E)Should be same amount as BOPS form slr-month total $ 5622858
E Enter Total Six-Month Anticipated RPTTF Funding 5,000,000
F Variance(D-E= F)Maximum RPTTF Allowable should not exceed Total Anticipated RPTTF Funding $ 37,142
Prior Period(January 1,2012 through June 30,2012) Estimated vs.Actual Payments(as required in HSC section 341 Be(a))
G Ente r Estimated Obligations Funded by RPTTF(Should be the same amount as RPTTF approved by Finance,including south allowance) 7.618,584
H Enter Actual Obligations Paid with RPTTF 7,618,584
1 Enter Actual Administrative Expenses Paid with RPTTF
J Adjustment to Redevelopment Obligation Retirement Fund G- H+I =J
K Adjusted RPTTF 4,962,858
Certification of Oversight Board Chairman: Thomas Flavin, Chairperson
Pursuant to Section 34177(m)of the Health and Safety code, Name Title
I hereby certify that the above is a true and accurate Recognized
Obligation Payment Schedule for the above named agency. 0 8/07/2 0 1 2
Signature Date
ATTEST:
James Thompson, Clerk Secretary
Name of Successor Agency CAvdP NStSyRg' A bGa0rolMm'REBaveTOB,"'.. 1Te CR fPaYaS
(Aunty: W •• OvaahMBcard APP.lDale:
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(HOPS III)
Janua 1,2013through June30,2013
FundingSource
Total Total Due During
ConbacVAgreement ConbaNAgreement Omslandilg Deb Fiscal Year Bond Reserve Admm
Itemk Proem Name/Debt Obli a9on Execution Dale Termination Date P Desch tloNPro'ed scope Proem Area pr0bll ation 2p12-13 WIHF P..ds Balance Allowance RPTTF ONer Six-Monty Trial
2or.TaxAW[albn ftefuNieg Bonds, Rell.nce ION Tax Albaton BOMB
SenaA 6'ffil2 &t/ BankMNaw Yak MtlbnT A Me t 188]24af 103842a 777321 ^..%fdF 3Zi
2 20p]Tax Albcalbn BOMB seiiesA wmQuO, W1120 Bak d New YOA Mtlbn Temt C Pal Pmlags M"oJ1 23341163 618225 464419 1A:
2007T.-..Tex AA W.BOMa, '
3 SdkaB wim.] W1120 Bank Of Nax Y.M Wien Tn1A PmpglyA—Wn Magei1 3]3]255 11720 0)9]0
Pall SprYps HOioi:g -oarmror FY200WlOand20l WlI$ERAFPa oos M w1 _
4 SEPAF Loplw M2W10.5/Mtt UMX Patl Sho spun,
4058]B
PaM Spolga MowlrO prn19685el AaNe Defenel M Mf
5 Ho - Deena Re end H&S CM um Pa Slcc , � 1.532.669 S
6 2034C,nuenlbn Calla BOSS 6l&2W] 1t/1I20 C 0Pebn Ag yCoWbutisnto ComonIwn Cedw EValebn Maw1 20.000.000 1300000 650000
] CoMnd Senkm-Froncal M0201 O HarfeYdCmmn AtlMso MeryN 1 B0Ms Dkgxure/Relig Mx9w11 110W3 SOW 4000 A
6 CmNaclSaN -Rebate Calcublbn &42Gt O Wimn Financial BeMcasre Nagel 1 B0Ms Reloads Consu116g Sin MagMt 2]SW 25W
9 BoMTn os Fees U n4zue O BeW,d New Yak Mdbn Trost Me"180MSTrua.Fell No", 165.000 ]5W 25N
FI..IAsslgancs(RanWWbn) Me au 10 D'q pnaMD meNA rameK 11J5/200.5 3/31I201 Encore lrnaNncas 2T]WO 2]]OM 2]]000
11 D' on all Deveb man reema6 12eV2 WIMO2 Encore lrne� . Fimmbl As n<O(10Ymr) Me:9M1 1400600 14)0W
12 CNmO,Palk) tbnAreyneM VIW2ODJ wwole VIP Mork Fimmlal Assizes. Ma9M1 769552 1500W 150W0
13 PacrWH,,,italiyJud,mecl Until Pak PeoiW Ho,oMidy JWBmem as DelmmMw]by Court Mamw1 1 25000np 25000W wQ.000
2001 Tax AWmlbn Refunding BNW., RMrerIce 1904 Tax Albnlbn BOMB Me:getl2 a
14 GaiesB M16n2 WIM GaNdNBNYon Mtl nTm4 113.M6.2HI 813766 kOO1]2007TNabWTaxAlbreWnBolls. Pm n A15S C W18120W &tY20 Bent Of Naw Yak Melbo T 4 ay ,.n4lmn Weered2 5210]3 3008G5
16 meritforReknburs . 12/M2 6'3(cy C' dPkns s PSL-2361--se M""W2 1220021] 2004C.mcntbnCapinBoMS N62pp 11/1/2 c' dR.I.S AgeayComrbmbnbComeMbnCam ExPa n Mae12 300W0 150600
10 GMredse -Fironigal O'22/29d O Hane118Com nAtlV�rs MN,W 2BOMs De ure/Retkg Maetl2 5W0 5000
10 COmnd Sa vRebsbCakublbn NW201 O ! WAJenFkeMalSewk:ea MmgeJ2 BOMSRebale ConyMirg Servtme munw2 25CO20 Boll Tmgce Fees U nlsswoc O BankofNewYon,MNbnTwl MagM 2 Bolls TmA Fees Mmed2 5W0 2500R�we last HOuWq Tax Al Mien BOMB MrgMi,Ms,Na21 2001 Houv Tax AlbcaWn 80Ms ]/314001 fl/1/2021 BelldNexYOMMCIbnTmN 2 487218 350414 a'15B 4:
HOusirg Boncs D'sWsurelRatvg MagM1/MagM
22 Comreq SerAces-Fimncbl &22/2pd O HarteNBCom AtlWon 2 15000 Case 1500
Routing BOMB Rilsh,Oaau ,Sembm Ma,WIlNagel
29 CwNaq Servixa-Rebate Gkuhtbn B/M201 O WNMen FwMnlSmvk 2 SaW
Houti:g BOMST:utlee F¢q Meryetll/MeryN '
24 BOMT Gee Fein U Isawn Bentd Nav YOM MaIbn Trlad 2 22500 2500
Aft SerMres Ma WilmagM
25 Comreq Sauices-AWiI q/5/20t LarlOe Sh c&L baN 2 352000 180W 6con :-44
Galenl Li al Coaud MaBW1/M"au
20 CwNeq Servixs-L 1 1/iL2M5 O i WmJMfS ntlfm 2 TBD 30000 15 C00
EOPS all Hope c,oWkg Ma9e]1/Ma9tl J
27 CnMaq Bavica-Firercisl ]/18/2W8 O HemNBCom Atls�m 2 12000 BOCO 3000
Liebiay mursoo, MayMt/Mega]
28 Cw lnxA reanap 1/1&20t1 O Cd d Palm S - 2 446&5 00]] 4d89
Builling Rand M"WHI MagaJ
28 Coe 4ve t000. 1/16R011 O C a Palm S 2 ]5000 15000 7503
SalnrksaM B,WAo(A60ro ACA) Meq¢tl1/Magtl
30 Coo erelvaA reemeM 1/1&2011 O CA of palms 2 133,2301 28648 1 13323 BI:
31 C..O Seakes-Comm) 11IN20M Vo4I CanionCorm.lConsoftine e%owI t00000 100003 69000
32I-mNNSuMoouAoonow 111942000 WWOV VIP MuN. PmpMY Lmse MagM1 38M 0p3 6m000 680000
OV dCOsl Albca'nm Ma9M1/Mn9M
33 Atlmktldn!Cont Albwance Cd of PaMS 2 55W000 25000a 125,000 5
3d L. 5/W16H UMHPad SaWu r Hamm Loan W Megnc Pmled No.1 MwgM1 74310
CAYd PaMBpmgs Pmlasl Cogs MtryM1
35 Aresmem for Rdmbusemap 1W1N1H01 UIOJPad WadewgaFW 413500
W Are .for Rdmbusemem f0lt&teat UMN Pak Wa a Palm stewma FUN Pr°Isd Coss Malgatl2 4135W
Coo N"SPu s Pmled Cods MegM2
3] Areanem fa .. 6'221190 UMII Pak W,ol.1-Fund 400pOp
30 CA L...N No. M1M2011 UMd Pak Ca dPalmS n s Opaelilg eMAdminislnMOCoSs Megetll 1553013
39 Cil ,--.IIMred W15I20tt UIniI Pa C, .Palms .peeling all AtlminislnBve CUVa MelgetlT 103250
Name of Successor Agency: Gty of Palm Springs As Suocersof Agency kp Community RedevelopmenfAgepcy of the Cjty.4f Palm Spzings.
County: Riverside
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS III)—Notes(Optional)
January 1,2013 through June 30,2013
Item# Notes/Comments
75%of Debt Service Due March 1,2013 and September 1,2013. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of 25%will be included in July-December
1 2013 ROPS
75%of Debt Service Due March 1,2013 and September 1,2013. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of 25%will be included in July-December
2 2013 ROPS
75%of Debt Service Due March 1,2013 and September 1,2013. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of 25%will be included in July-December
3 2013 ROPS
Estimate based on tentative decision by judge in Pacific Hospitality litigaton. The judgment will include pre-judgment interest and post-judgment interest until paid—the ultimate total payment will depend on how much RPTTF is available in January 2013 and
13 June 2013 to make payments. The Balance unpaid will be included in future ROPS until paid.
75%of Debt Service Due March 1,2013 and September 1,2013. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of 25%will be included in July-December
14 2013 ROPS
75%of Debt Service Due March 1,2013 and September 1,2013. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of 25%will be included in July-December
15 2013 ROPS
75%of Debt Service Due February 1,2013 and August 1,2013. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of 25%will be included in July-December 2013
21 ROPS
34 Funds due to the Housing Successor(Loan from LMIHF to Merged Project 1)previously approved By Department of Finance on January-June 2012 ROPS but rejected by Department of Finance for the July-December 2012 ROPS
35 Loans From the City to the former Redevelopment Agency to be reinstated pending finding of completion
36 Loans From the City to the former Redevelopment Agency to be reinstated pending finding of completion
37 Loans From the City to the former Redevelopment Agency to be reinstated pending finding of completion
38 Loans From the City to the former Redevelopment Agency to be reinstated pending finding of completion
39 Loans From the City to the former Redevelopment Agency to be reinstated pending finding of completion
Name of Successor Agency: City of PalmSprings,as Successor Amincy to Community Redevalo mersAgency of in.City of PalmSpring
s
County: "Iside
Pursuant to Health and Safety Code section 34186(a)
PRIOR PERIOD ESTIMATED OBLIGATIONS vs.ACTUAL PAYMENTS
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 1)
January 1,2012 through June 30,2012
LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
Pa,cFcrm Line Project Name/Debt Obfi ation Payee Description/Project Scope Project Area Estimate TActual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Grand Total $ 692.179 $ 162724 80 $. ,.. 1021794 $ 956356 $ 1388462. $.. 443A82 $ 273715 12343 Us 7618594 $ $5,000 $ 55,000
as Mocavoin Refunding Saril,of New York Mellon
t 1 Bonds,Series A Trust Refinance 1994 Tare Allocation Bonds Me ed No.1 1,122,703 1,122,703
Bank of New Yoh Mellon
1 2 2007Tax Allocation BontlSSedesA Trust Ca itat Projects Morgan No.1 619,225 619,225
207 Taxable Tax Allocation Bontls, Bank of New Yoh Mellon
1 3 Series Trust Property Ac uisdusi Merged No.1 117,294 117,294
Loans for FY 2009110 and 2010111 SEW
1 4 SERAF Loans Low Most Housing Fund Payments Merged No.1 1,013,969 1013,969
1 5 City Loan and Interest City of Pa.Sammie Operating and Administrative Costs Merced No.1
1 6 Loan Low Mod Housing Fund Loan to Me ed Project No.1 Mended No,1 74,316 74316
1 7 Housing Deferral Rea ant Low Mod Housing Fund Pre1986 Set Aside DMamel Mended No.i
Agency Conldbudon to Convention Center
1 8 2004 Convention Center Bonds City of PalmSprings Expansion Menisci No.1 660000 6501000
City of Palm Springs
1 9 Agreement for Reimbursement Wastewater Fund Maroon!No.t
1 10 Cooperative Agreement City of PalmSounds Salaries and Benefits Merged No.1 107,400 86859
1 11 Cooperative Agreement City of Palms rin s Insurance Mended No.1 4532 755
1 12 Cooperative Agreement City of Palm S rin s Administrative Charges Merger!No.1 78630 13,105
1 13 CooperativaArrearment City of Palm Spring, Materials and Supplies Me etl No,1 11,064
1 14 Coo erafive A res ment City of Palm Springs Building Rental Me etl No.1 4,375
1 15 Contact Sernces-Audit Lance Shc&Les hart! Audit Services Merged No.1 2.500 2,895
1 16 Contract Semces-L al Wootlru68 aElin General Legal Counsel Merged No.1 341503 36191
1 17 Contract Services-L el Best Beat&Kreiger Redevelopment Special Counsel Merged No.t
1 18 Contract SeNces Consulting Terra Nova Consulting conaulaung,Services M etl No.1
Canyon Cammeroial Downtavn Consulting
1 19 Contract Services Consulting Con. in Merged No.1 90000 541000
1 20 Contract Servloes-Consultln Ne er Marston Financial Anal Is Services Merced No.1
Harrell&Company Bond Disclosure and Financial Analysis
Sconces 21 Contract Seces -Financial Ativisors Merged him 1 10.000 1,784
1 22 20110 en PO-Audit Lance got&Les hard Audit Services Merged No.1
Harrell&Company Bond Disclosure and Financial Analysis
1 23 2011 Open PO-Financial Ad. Minces!No.1 1 6,657
1 1 24 IPropenk Tax County of Riverside Property Tex on Acquired Property Merced No.1 8,000
Contract Services-Other(e.g.rebate Various Consulting Services
1 25 talc Vatlous Merged No.1 wo 12.875
1 26 Property Tax Collection Feet County M Riverside SS 2557 Fees Merged No.1
Bank of New York Mellon Trustee t Fees _
1 27 Bond Trustee Fees Trust Merged No.1
1 28 Contract Semces-Consultin He,.,Mmstan Consultin Servicss8ecific Hoelpitelity Me etl No.1 25243
1 29 Pacific Hcoprhilhty Jutl merit Pacific Hospitality Judgment as Denteumned by Court Merged No
Harrell&Company EOPS and ROPS Consulting Merged No.1/
1 30 Contract Services-Financial Ativisors Merced No.2 8538 8344
Allen F Smoot& Animal Shelter Construction _
2 1 20110 en PO-Animal Shelter ASaeciites Me etl No.t
2 2 2011 Open PO-Animal Shelter Swa lkiairs Architects Animal Shelter Constriction Merged No.1
2 3 20110 en PO-Animal Shelter Planit Repamselph. Animal SM1elter Construct. Merged No.1
2 42011Open PO-Animal Shelter lasamoll Rand Security Animal Shelter Construction Merged No.t
West Test Animal SM1elter Phone System
2 5 20110 en PO-Animei Shelter Communications Merged No.1
2 6 20110 en PO-Animal Shelter Moore lacofano Soloman Dmvntown Design Me etl No.1
2 7 2011 Open PO-Animal Sheller Schroer Mfg Cc Animal SM1elter Kennels and Intake Cages Merged No.1
2 8 20110 en PO-Animal SM1elter Lake Stale Industries Animal Shelter C es Manuel No
2 9 20110 en PO-Construction Rick Engineering SPalm Canoo,i Widerning Merged No.1
2 10 Grounds Maintenance Various Operation of Acquired Property Mended No.1 2,000
Animal Shelter ConsWction(Bond
2 11 Continuing Appo,protions Vatlous Proceeds) Merged No.1 80
2 12 Contlnuin A a riations Various COD Master Plan Mail No.1 100,799
2 13 Contlnuin A r riations Vatlous lowest Fashion Plaza Vision M ed No.1 V2 10 Confinui Appropriations Various Cli ilel Protects M etl No.1 765.557
LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
Pa m7mr, Line Project Name/Debt ObIlliabon Payee Descri lion/Pr0ect Scope Pro act Area Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Olsposten and Development Financial Assistance
2 15 Agreement Endure Investments Merged No.1 25.625 227,000 251375
Dispostion and Development Financial Assistance
2 16 Agreement Endure Investments Merged No,I
2 17 Owner PantclatorAreement VIP Motors Financial Assistance Merged No.1 130,448 130,448
2 18 Lease(SubleaseAgreement VIP Motors Property Lease Mer etl No.1 55,000 55,000
2 19 Flood Control Trust Fund Various Flood Control Tax Sharing Agency Account Masted No,1 1.800.000
3 1 1 ISB 211 Payment-Riverside County Riverside County Tax Sharing Pursuant to Section 33607,7 Merged No.1 8.691 8,691
58211 Payment-City of Palm Tax Sharing Pursuant to Sedlon 3360]]
3 2 Springs city of Palms rin s Metal No.1 96.765 96765
SB 211 Payment-Palm Spmgs Palm Springs Urged Tan Sharing Pursuant to Section 3360).]
3 3 Unified School District School District Me ed No.1 8),95) 88,262
SB 211 Payment-College of the
3 4 Desert College of the Desert Tax Sharing Pursuant to Section 3360].] Me ad No.1 26,009 25193
SB 211 Payment-County Office of Tan Sharing Pursuant to Section 3360].]
3 5 Education County Office of Education Me etl No.1 13,659 13706
SB 211 Payment-Riverside County Riverside County Regional
3 6 Regional Park park Tax Sharing Pursuant to Section 33607] M ell No.1 1,419 1.424
SB 211 Payment-Riverside County Riverside County Flood Tax Snaring Pursuant to Section 3360])
3 ) Flood Control Control Merged No.1 3.140 3,169
3 1 8 ISB 211 Pament-Cemete District Cernestry District Tax Sharing Pursuant to Section 3360).) Maimed No.1 86 86
3 9 SB 211 Payment-Hospital District Hospital District Tax Sharing Pursuant to Section 3360)] Merged No.1 6,661 6,680
SB 211 Payment-Mosquito Mosquito Abatement
3 10 Abatement District District Tax Sharing Pursuant to Sechm 3360).) Me etl No,1 422 422
SB 211 Payment-Resource Resource Conservation Tax Sharing Pursuant to Section 3360).
3 11 Conservation District District ] Merged No.1 40 40
SB 211 Payment-Coachella Valley Coachella Valley Water Tax Sharing Pursuant to Section 3360).)
3 12 Water District District Merged!No.1 3 3
SB 211 Payment-CVWD Stmn CVWD Storm Water Tax Sharing Pursuant to Section 336WJ
3 13 Water District District Marmad Na.1 1 4 4
3 14 Contractual-Riverside County Riverside County Tax Sharing Pursuant to Section 33401 Me ed No.1 1 1,197,146 1202.622
Contractual-Riverside County Tan Sharing Pursuant to Section 33401
3 15 Deferral Riverside County Deferral R a enl Me ad No.1 530.585
Contractual-Palm Springs Unified Palm Springs Unified Tan Sharn Pursuant to Section 33401
3 16 Scholl District School District Merged No.t 198.065 199,073
3 17 Contrectual-Coll a of fine Desert College of the Desert Tax Shamm Pursuant to Section 33401 Morgue No.1 56.531 56,822
Contractual-County Office of Tax Sharing Pursuant to Section 33401
3 18 Education Count Office of Education Menace No.1 30756 30914
Contractual-Riverside County Flood Riverside County Flood Tax Sharing Pursuant to Section 33401
3 19 Control Control Mer ell No.1 92828 93,588
3 20 Contractual-Canstar,District Cametar,District Tax Sharim Pursuant to Section 33401 Merged No.1 4.105 4.121
Contractual-Mosquto Abatement Mosquito Abatement Tax Sharing Pursuant to Section 33401
3 21 District District Mented No.1 38,184 38,342
Contractual-Coachella Valley Water Coachella Valley Water Tax Sharing Pursuant to Section 33401
3 22 District District Merited No.1
3 23 Contractual-Desert Water Agency DesertWaterAgency Tax SharingPursuant to Section 33401 Memed No.1 1).55) 17667
Contractual-Depart Water Agency Tax Sharing Pursuant to Section 33401
3 24 DS Override Desert Water Agency Merged No.1 225.132 224968
2004 Tax Allocation Refunding Bank of Neva York Mellon Refinance 1994 Tan All ocationon Bonds
4 1 Bonds Series Trust Metal No.2 612.756 612756
2007 Taxable Tax Allocation Bonds, Bank of New York Mallon PmpeM AcquisNm
4 2 Seri.0 Trust Merged!No.2 523.n9 523.339
4 1 3 Ci Loan and Interest City of Palm Springs 0,papagon,malAdinumi.thOvsCosts Merged No.2
4 4 Agreement for Reimbursement CRY of PalmSprings PSL-236 Lease Memed No.2 12.892 12.892
City of Palm Springs Partial Prepayment of PSL 236 Lease
4 5 Agreement for Reimbursement Sustainebili Fund Me etl No.2 1021]94 )),212 1,125,436 26.430
Agency Contribution to Convention Center
4 6 2004 Convention Center Bonds City of Palm Springs Expansion Me mad No 2 1501000 150,000
City of Palm Springs
4 ) Agreement for Reimbursement Wastewater FunO Merged No.2
4 8 CoclusnoveAgreement City of PalmSprings Salaries and Benefits Me ed No.2 107400 86857
4 9 CoommifiveAgreement City of Palms dos Insurance Merged No.2 4.444 741
4 10 Coo emlive Agreement City of PalmSprings Adminlatratwe Cha es MeMed No.2 37,595 6266
4 11 Coo erifiveAgreement City of PalmSprings Materials and Supplies barred No.2 7.920 1 780
4 12 Coo erabbo A reement City of Palm Springs Building Rental Merged No.2 1 8)5
4 13 Contract Services-Audit Lance Sol B Lun hard Audit Services Me etl No.2 1,700 1.025
4 14 Contract Services-L al WoodruHS radfn Demand L al Counsel Merged No.2 5.436 1 85
Panell8 Company Bond Disclosure and Financial Analysis
4 15 Contract Services-Financial Advisors Me ell No.2 8,000 1583
LMIHF Bond Proceeds Reserve Balance Al Allowance RPTTF Other
Pa 2Form Line Protect Name/Debt Obligation Payee Oescri Lion/Proect Swiss Poll Area Estimate Actual Estimate Actual Estimate Actual Estimate ActualN575
Actual Estimate Actual
Contract Services-Other(e.g.rebate Various Consulting Services
4 16 talc Various Me etl No.2 20,000 61
Bank d New York Mellon Trustee Fees
4 17 Bond Trustee Fees Trust Named No,2
4 18 P Tax Collection Fees Court dRiveride SB 2557 Fees M etl Nd2
4 19 Rood Contra!Trust Fund Various Flood Control Tax Sharing Agency Account Moral Nat
5 1 S8211 Payment Riverside County Riversitle County Tax Shi Pursuant to Section 33607.7 Me etl 2
SB 211 Payment-City of Palm City of Palm Springs
5 2 Springs Tax Sharing Pursuant to Section 33607.7 Merged No.2 33470 33,470
SB 21l Payment-Palm Smogs, Palm Springs Urged!
51 3 Unified School District School District Tax Sharing Pursuant to Section 336077 Mormad No.2 1 6554 6.615
SB 211 Payment-College d 0e College of the Desert
5 4 Desert Tax Sharing Pursuant to Section 33601.7 Mended No.2 18]1 1,888
SB 211 Payment-County Office of County Office of Etlucation
5 5 Etluoation Tax Sharing Pursuant to Section 336011 Merged No.2 1018 1.027
SS 211 Payment-Riversitle County Riverside County Regional
5 6 Regional Perk Park Tax Shamil Pursuant to Section 33607.7 Me eel No,2 492 497
SB 211 Payment-Riverside County Riverside County Flood
5 T Flood Control Contra l Tax Sharing Pursuant to Section 33607.7 Me ed No,2
5 8 SB 211 Payment-Cemetary District Cemetary Clstrict Tax Sharing Pursuant to Section 33601.7 Me etl No.2 180 182
5 9 5B 211 Payment-Hospital District Hospital District Tax Sharm,Pursuant to Section 33607.7 Named No.2 2304 2,328
SB 211 Payment-Mosquito Mosquito Abatement
5 10 Abatement Baptist District Tax Sharing Pursuant to Section 33607.7 Me eel No,2
SB 211 Payment-Resource Resource Conservation
5 11 Conservation District Claud Tax Sharing Pursuant to Section 33W7J Merged No.2
SS 211 Payment-Coachella Valley Coachella Valley Water
5 12 Water Distilll District Tax Sharing Pursuant to Section 32607.7 Metal No.2
SB 211 Payment-CMD Sloan CMD Storm Water
5 13 Water Datrld Distrid Tax Sharing Pursuant to Section 33607J Me eel No.2
5 1 14 Contractual-Riverside County Riverside Count Tax Shumn,Pursuant to Sadi 33401 Merged No.2 903110 455.786
Contractual-Palm Springs Unified Palm Springs Unified
5 15 School Distrid School District Tax Sharing Pursuant to Section 33401 Meaved No.2 184,829 185.871
5 16 Contractual-College of the Desed Collemedthe Desert Tax Sharing Pursuant to Section 33401 Me etl No.2 52756 53,054
Contractual County Office of County Office d Etlucation
5 17 Educed. Tax Sharing Pursuant to Section 33401 Merged No.2 31109 31.267
Contractual-Riverside County Flootl Riverside County Flood
5 18 Control Control Tax Sharing Pursuant to Section 33401 Merged No.2 60746 61071
5 19 Contractual-Cameo Distrid Cartel Distrct Tax Sharing Pursuant to Section 33401 Merged No.2 919 917
Contactual-Mosquito Abatement Mosquito Abatement
5 20 District District Tax Sharing Pursuant to Section 33401 Me etl No.2 23,894
Contractual-Coachella Valley Water Coachella Valley Water
5 21 District Distrid Tax Sharing Pursuant to Section 33401 Mended!No.2 29027
5 22 Contactual-Dawn WaterAenc Desert Water Aoency Tax Sharing Pursuant to Section 33401 Ma eel No.2 8257 8,302
Contractual-Desert Water Agency Desert Water Agency
5 23 USO urde Tax Shi Pursuant to Section 33401 Mended!No.2 102528 101209
2001 Housing Tax Allocation Bonds Bank d New York Mallon Refinance 1991 Housing Tax Allocation Housing Fund 6 1 Trust Bonds 465.518 466.618
Housing Postal and Programs To Be Determined Restricted Sete Proceeds to be used for Housing Fund
6 2 Low Mod 1 ill 162,630
6 3 20%Housing SO Aside Low Mod Howirus Fund Housing Protests and Programs Housing Fund
6 4 N Men ale Manor lm ronements Lax Mod H.usering Fund Low Mod Houston Project Housing Fund 60,000
6 5 Sunset Palms Apartments Low Mod Housing Fund Lary Motl Housing Protect Housing Fund
6 6 N lndi.mi Rated Proect Lon Mod Housing Fund Law Mod Housing Prated Housing Fund 4,031 94
6 ] Cooperative Agreement City of PalmSpring. Salaries and Benefits Housing Fund 116400 12,857
6 8 Coppeml Amusement City 0 Pa.S rin Insurance Housing Fund 892 149
6 9 Copperal Aareament City of Palm Springs AdrininislunadveCharda, Hoi Fund 1 1 29.896 4,983
6 10 Coaparativa,Agreement City d Palm Springs Materials and Supplies Hcul Fund 5.334
6 11 Coandonfix.Agreement CRY ofPellS rin s Building Rental Housing Fund 417
6 12 Contract Services-Audit Lance Soil B Lun hard AudRServices Housing Fund 394 194
Bontl Trustee Few Bank of New York Mellon Housing Fund
6 13 Trust Trustee Fees
Combed Services -Financial Hanell&Company Housing Fund 6 19 Advisors Bond Disclosure and Financial Anal is 2.00 1,383
Contract Services-Otherte.g.rd>ate Vanms Housing Fund
6 15 talc Various Consulting Services 5.000
Excess ACA Lisletl on ROPS Above 5% 230.153