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Home My WebLink About12/4/2012 - RESOLUTIONS - 011 RESOLUTION NO. 011 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY APPROVING AN ASSET TRANSFER ASSESSMENT AND ASSET TRANSFER QUESTIONNAIRE AND AUTHORIZING ITS SUBMITTAL TO THE STATE CONTROLLER'S OFFICE, AND RATIFYING AND CONFIRMING THE TRANSFER OF CERTAIN REAL PROPERTY FOR CITY GOVERNMENTAL PURPOSES TO THE CITY. 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 (the "Dissolution Act"); 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, on March 16, 2011, the Community Redevelopment Agency and the City of Palm Springs approved the transfer of all known real property assets then owned by the Agency to the City; and WHEREAS, the Dissolution Act requires the preparation and submittal to the State Controller's Office of an Asset Transfer Assessment prepared by the Successor Agency, showing the assets that were owned by the Agency and transferred to the Successor Agency upon the dissolution on February 1, 2012; and WHEREAS, the State Controller ordered any transfers of properties undertaken after January 1, 2011 to be "unwound" and the properties returned to the Successor Agency; and WHEREAS, it is the City's position and the Successor Agency's position that all of the properties described above are in the hands of the City, not the Successor Agency because of the March 16, 2011 transfer; and WHEREAS, AB 1484 suspends the land disposition process described in the Dissolution Act, and provides certain flexibility and local benefits in connection with property disposition, including Section 34181(a), which allows the Oversight Board to transfer governmental purpose property to the appropriate public entity; and Resolution No. 011 Page 2 WHEREAS, in accordance with the provisions of the California Health and Safety Code Section 37181, the Oversight Board may "direct the successor agency to transfer ownership of those assets that were constructed and used for a governmental purpose, such as roads, school buildings, parks, police and fire stations, libraries, and local agency administrative buildings, to the appropriate public jurisdiction . . .." [California Health and Safety Code Section 341811; and WHEREAS, AB 1484 also allows transfer of real property for a Successor Agency that has received a DOF Finding of Completion (Section 34191.3) and within six months after receipt of a Finding of Completion, has submitted a long-range property management plan for the real property of the Dissolved RDA for approval by the Oversight Board and the DOF (Section 34191 .5(b)); such property management plan must include an inventory (with specified information) about each property, and address the use or disposition of each property (Section 34191.5(c)). 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 ratifies and confirms the March 16, 2011 transfer of the city governmental use properties to the City identified on Exhibit "A" to this Resolution. SECTION 2.The Oversight Board hereby approves the Asset Transfer Assessment and Asset Transfer Questionnaire and authorizes its submittal to the State Controller's Office and other relevant agencies. SECTION 3. Subject to its adoption by the Successor Agency, the Oversight Board directs the Clerk/Secretary to cause the transmission of the Asset Transfer Assessment and Asset Transfer Questionnaire to the State Controller's Office, and also post the forms on the City's website. SECTION 4.This Resolution will become effective three business days after its adoption. PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM SPRINGS COM UNITY REDEVELOPMENT AGENCY THIS '47H DAY OF DECEMBER, 2012. CHAIRPERSO ATTEST: ERK/SECRETARY Resolution No. 011 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. 011 is a full, true and correct copy, and was duly adopted at a regular meeting of the Oversight Board on December 4, 2012, by the following vote: AYES: Board Members Deas, Foat, Ready, Van Horne and Vice Chair Howell. NOES: None. ABSTAIN: None. ABSENT: Board Members Marshall and Chair Flavin. MES THOMPSON, CITY CLERK Oversight Board Clerk/Secretaryz/�a�2o�2 City of Palm Springs, California Resolution No. 011 Page 4 EXHIBIT "A" CITY GOVERNMENTAL USE PROPERTIES Frances Stevens Park APN 505-325-003 Convention Center North Parking Lot APNs 508-023-012, 013, 014 Village Green APN 513-153-017 Sunrise Park APNs 502-200-001, 002 Palm Springs Visitor Center APN 504-040-001-8 STATE CONTROLLER'S OFFICE ASSET TRANSFER ASSESSMENT ASSEMBLY BILL X1 26 FORMER REDEVELOPMENT AGENCY NAME Community Redevelopment Agency ofthe City of Palm Springs 11-DIGIT ID 1t 95-6000757 SUCCESSOR AGENCY City of Palm Springs DATE PREPARED 10-May-12 CONTACT NAME John Raymond PHONE 760323-8228 TITLE Director of Community and E-MAIL ADDRESS Llm.raymond([Cpalmsprinasca.gov Economic Develo ment A B C D E RDA IF THE ASSET WAS TRANSFERRED TO A CITY,COUNTY,OR WAS THE ASSET CONTRACTUALLY WAS THE CARRYING VALUE AS OF OTHER PUBLIC AGENCY BETWEEN JANUARY 1,2011 AND COMMITTED OR ENCUMBERED TO A TRANSFER DECEMBER JANUARY JANUARY31,2012 EXCLUDE HOUSING ASSETS: THIRD PARTY AFTER JUNE 29,2011? REVERSED? ASSET DESCRIPTION 31,2010 31,2012 TRANSFER DATE PUBLIC AGENCY YES1NO IF YES,DATE YESINO PSL-315 Subleasehold Land 7,800,000 0 3/16/2011 City of Palm Springs no, no Cork In Bottle Land held for resale 619,125 0 3/16/2011 City of Palm Springs no no Prairie Schooner Parcel Land held for resale 2,378,893 0 3/16/2011 City of Palm Springs no no Plaza Theater(Buildinqff 895,220 0 3/16/2011 City of PalmSprings no no Casa del Camino Property Land held for resale 593,871 0 3116/2011 City of Palm Springs no no McKinney Parcel Land held for resale 6,325 0 3116/2011 City of Palm Springs no no Catholic Church Parking Lot fLand held for resale 685,000 0 3116/2011 City of Palm Springs no no Blue Coyote Parkin Lot Land held for resale 141,500 0 3/16/2011 City of Palm Springs no no Vineyard Parkin Lot Land held for resale 482,457 0 3116/2011 City of Palm Springs no no Food Court Parkin Lot Land held for resale 341,826 0 3116/2011 City of Palm Springs no no Desert Hotel Pro pert Land held for resale 263,026 0 3116/2011 City of Palm Springs no no HenryFrank Arcade Parkin Lot Land held for resale 266,673 0 3116/2071 City of Palm Springs no no Village Green(Land+Buildings) 184,495 0 3/16/2011 City of PalmSprings no no Palm Springs Visitor Centel Land 1,206,943 0 3/16/2011 City of Palm Springs no no Convention Center Parkin Lot Land 2.585,890 0 3116/2011 City of Palm Springs no no Frances Stevens Park Land 525,575 0 3116/2011 City of Palm Springs no no Sunrise Park(Land+Buildings) 3,302981 0 3/16/2011 City of PalmSprings no no Sweeper/Scrubbers 2 100,309 0 3/16/2011 City of PalmSprings no no Various Street Improvement Projects 761,880 0 3116/2011 City of Palm Springs no no Storm Drain Improvement Project 570,6% 0 3/16/2011 City of Palm Springs no no E uiteo Parcel Land held for resale 122,520 0 Written off as of 6/30/11 Property sold 2008 N/A N/A E steen Parcel t Land held for resale -896,450 0 Written off as of 6/30111 Property sold 2005 N/A N/A Patel Parcel t Land held for resale 70,255 0 Written off as of 6/30111 Property said 1997 N/A N/A Animal Shelter 943,655 0 3/16/2011 iCity of Palm Springs no no Downtown Trash Enclosure 387,354 0 3f1612011 City of Palm Springs no no Foster Leasehold 372,383 0 3/16/2011 City of Palm Springs no no Land for Fire Station 230,000 0 Written off as of 6/30/12 Property sold 2006 N/A N/A NW Corner Tahquitz&Sunrise(Land) 2.576,897 0 Written off as of 6130/12 Property exchanged new property sold 2005 N/A N/A Du licate-Desert Hotel Property 171,401 0 Written off as of 6/30/12 Duplicate of Desert Hotel Property Above N/A NIA Value as of June 30,2010--do not have data on December 31,2010 SUPPLEMENT TO: STATE CONTROLLER'S OFFICE ASSET TRANSFER QUESTIONNAIRE ASSEMBLY BILL X1 26 FORMER REDEVELOPMENT AGENCY NAME: Community Redevelopment Agency of the City of Palm Springs DESCRIPTION Amount To Date Direct Cash Transfers Prairie Schooner Parcel Lease Revenue from Tribe $3 833.33/month x 13 months (Jan 1, 2011-Jan 31 2014 T $49,833.29: General Fund ongoing monthly Palm Springs Fudge Shoppe Revenue ($1,652.42/mo x 13 months $21,481.46 General Fund ongoing monthly Cork n Bottle Revenue ($2,750/m0 x 13 months $35,750.00 General Fund ongoing monthly RDA Loan Payments 1/11/11 through 1/31/12 Repayment of FY 09/10 annual loan for operational costs $1,466 785.00i General Fund 6/1 512 0 1 1 payment $88,007.00 - - Repaymentnarof FY 09/l0tannual loan o erational costs $545,000.001 General Fund 6/15/2011 _ p General Fund 6/15/2011 Annual Interest payment on above loan $32,700.00' General Fund 6/15/2011 Annual Interest payments on loans $73 620�.00 Wastewater 6/112011 Annual principal and interest payment on 11/29/06 loan $101,106.00'! Sustainability 6/30/2011 Repayment of 11/29/06loan balance _ $1,095,7 99.0_0' Sustainability 1/18/2012 Interest payment on above_loan for 6.5 months only _ TOTAL RDA LOAN PAYMENTS -- --- $29 676.81 Sustainability 1/18/2012 $3,432,653.81