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Home My WebLink About2/5/2013 - RESOLUTIONS - 012 RESOLUTION NO. 012 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULES FOR THE PERIOD JULY 1, 2013 THROUGH DECEMBER 31, 2013 (ROPS 13-14A) 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, the City Council has adopted redevelopment plans for Palm Springs' redevelopment project areas, and from time to time, the City Council has amended such redevelopment plans; and WHEREAS, the Community Redevelopment Agency was responsible for the administration of redevelopment activities within the City; 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, 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, all other legal prerequisites to the adoption of this Resolution have occurred. Resolution No. 012 Page 2 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 Recognized Obligation Payment Schedule for the Period of July 1, 2013 through December 31, 2013, (ROPS 13-14A) is hereby approved. SECTION 3. If the Oversight Board disagrees with the State's determination with respect to any items not funded with property tax, any future resolution of the disputed issue may be accommodated by amending the ROPS for the appropriate time period. SECTION 4. The Oversight Board hereby directs staff of the Successor Agency to submit the approved ROPS 13-14A to the County Auditor-Controller, the State Controller and the State Department of Finance; and post the approved ROPS on the Successor Agency's website. SECTION 5. This Resolution shall take effect three days after its adoption. PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS 5T" DAY OF FEBRUARY, 2013. CH RPERSON ATTEST: ' / LERK/SECRETARY Resolution No. 012 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Clerk/Secretary, to the Oversight Board for the Successor Agency to the Palm Springs Community Redevelopment Agency, hereby certify that Resolution No. 012 is a full, true and correct copy, and was duly adopted at a regular meeting of the Oversight Board on February 5, 2013, by the following vote: AYES: Board Members Ellis, Ready, Van Horne, Vice Chair Howell and Chair Flavin. NOES: None. ABSTAIN: None. ABSENT: Board Members Foat and Marshall. MES THOMPSON, CITY CLERK Oversight Board Clerk/Secretary City of Palm Springs, California SUCCESSOR AGENCY CONTACT INFORMATION Successor Agency ID: County: Successor Agency: Primary Contact Honorific (Ms, Mr, Mrs) First Name Last Name Title Address City State Zip Phone Number Email Address Secondary Contact Honorific (Ms, Mr, Mrs) First Name Last Name Title Phone Number Email Address SUCCESSOR AGENCY CONTACT INFORMATION 238 Riverside Palm Springs John Raymond Director of Community and Economic Development 3200 E Tahquitz Canyon Way Palm Springs CA 92262 760-323-8228 john.raymond@paimsprings-ca.gov Geoffrey Kiehl Director of Finance 760-323-8221 Geoffrey.Kiehl@paimsprings-ca.gov SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE Filed for the July 1,2013 to December 31,2013 Period Name of Successor Agency: PALM SPRINGS(RIVERSIDE) Outstanding Debt or Obligation Total Total Outstanding Debt or Obligation $132,297,528 Current Period Outstanding Debt or Obligation Six-Month Total A Available Revenues Other Than Anticipated RPTTF Funding $14,000 B Enforceable Obligations Funded with RPTTF $3,920,639 C Administrative Allowance Funded with RPTTF $125,000 D Total RPTTF Funded(B+C=D) $4,045,639 E Total Current Period Outstanding Debt or Obligation(A+B+C=E)Should be same amount as ROPS form six-month total $4,059,639 F Enter Total Six-Month Anticipated RPTTF Funding $4,500,000 G Variance(F-D= G)Maximum RPTTF Allowable should not exceed Total Anticipated RPTTF Funding $454,361 Prior Period(July 1,2012 through December 31,2012) Estimated vs.Actual Payments (as required in HSC section 34186(a)) H Enter Estimated Obligations Funded by RPTTF(lesser of Finance's approved RPTFF amount including admin allowance or the actual amount distributed) $2,352,404 1 Enter Actual Obligations Paid with RPTTF $2,127,712 J Enter Actual Administrative Expenses Paid with RPTTF $125,000 K Adjustment to Redevelopment Obligation Retirement Fund(H-(I+1)=K) $99,692 L Adjustment to RPTTF (D-K=L) t $3,945,947 Certification of Oversight Board Chairman: `f,q r� 5 / l.}c ,1 f�SD tit G s-+•y G L-Laa-C_ Pursuant to Section 34177(m)of the Health and Safety code, NameL?L�i,YT/�1C- I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. /s/ ��_[�r.-- �+% p' O(p 'LO I-3 5' cure Date .�$ s"z eke a ga a as 8 F 9 aJ T ]]T[[ ... ........ . . . gee $o ]TIT� a a ° a t ]TTITITI' oaooaooa o 0 oe i a sae F ^y 5 d�G "$afi ffi S 6.15 IM P k$m di 9 :aryxx : x : . 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