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Home My WebLink About1/29/2016 - RESOLUTIONS - 040 RESOLUTION NO. 040 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE (ROPS 16-17) FOR THE PERIOD OF JULY 1, 2016 THROUGH JUNE 30, 2017, PURSUANT rO THE 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 was 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) to Division 24 of the California Health and Safety Code ("Health and Safety Code"); and WHEREAS, Health & Safety Code Section 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, Section 34177(I) 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. NOW, THEREFORE, BE IT RESOLVED THAT THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY DOES 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 16-17 A and B) for the period of July 1, 2016 through June 30, 2017, attached to this Resolution as Exhibit A, is hereby approved. Resolution No. 040 Page 2 SECTION 3. The Clerk/Secretary or designee 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 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. SECTION 4 . This Resolution shall take effect three (3) business days from adoption. PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS THIS 29th DAY OF JANUARY, 2016. aiwv LI H ELL OVERSIGHT BOARD CHAIRMAN ATTEST: AMES THOMPSON, CLERK/SECRETARY Resolution No. 040 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Clerk/Secretary of the Oversight Board for the Successor Agency of the Palm Springs Community Redevelopment Agency hereby certify that Resolution No. 040 was adopted by the Oversight Board at a Special Meeting held on the 29th day of January, 2016, by the following vote: AYES: Board Members Arthur, Foat, Marshall, Ready and Chair Howell. NOES: None. ABSENT: Vice Chair Van Horn. ABSTAIN: None. ES THOMPSON OVERSIGHT CLERK/SECRETARY City of Palm Springs, California o I/Z9 /20! (. EXHIBIT A ROPS 16-17 Summary Page 16-17A Period 16-17B Period Cash Reconciliation Recognized Obligation Payment Schedule (ROPS 16-17) - Summary Filed for the July 1, 2016 through June 30, 2017 Period Successor Agency: Palm Springs County: Riverside ROPS 16-17 Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 16-17A Total 16-17B Total Total Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources (B+C+D): $ 23,111 $ - $ 23,111 B Bond Proceeds Funding - - C Reserve Balance Funding - - D Other Funding 23,111 23,111 E Enforceable Obligations Funded with RPTTF Funding (F+G): $ 3,046,459 $ 2,470,074 $ 5,516,533 F Non-Administrative Costs 2,921,459 2,345,074 5,266,533 G Administrative Costs 125,000 125,000 250,000 H Current Period Enforceable Obligations (A+E): $ 3,069,570 $ 2,470,074 $ 5,539,644 Certification of Oversight Board Chairman: 44c>wEi j Gl4ft �K- , Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Name Title Obligation Payment Schedule for the above named successor /2! agency. �s� Signature Date Palm Springs Recognized Obligation Payment Schedule(ROPS 16-17)-ROPS Detail July 1,2016 through June 30,2017 (Report Amounts in Whole Dollars A B C D E F G M I J K L M N O P 0 16.17A NmRedelelopment Properly Tax Trust Fund (NorwRPTTFI RPTTF Contract/Agreement ContractrAgreement Total Outstanding 16-17A Items Project NamarDeM Obligation Obligation Type Execution Date Termination Dale Payee DeacriptioNProject Scope Prolecl Area Debt or Obllgafion Retired ROP51617Tci Bond Proceeds Reserve Balance Other Funds Norr-Admum Admin Total $ 1 D7,971,294 $ 5 539.644 $ - $ -is 23111 $ 2,921 459 $ 125,D00 $ 3 069 570 2007 Tax Allocation Bonds Series Bonds Issued On or Before W182007 9/12034 US Bank Capital Proem Merged 1 2020465 N 2007 Taxable Tax Allocation Bonds, Bonds Issued On or Before 9/182007 9/12034 US Bank Property Acquisition Merged 3,149,43 N $ - $ Sense B 12131/10 SERAF Loans SERARERAF 4202010 61302037 Palm Springs Housing Loans for FY 2009110 and 2010111 Merged 1,06545 N $ 1055.457 1.055457 S 1.056,457 Successor SERAF Pa ments 5 Housing Deferral Repayment LMIHF Loans 1/1/1996 MENOW Palm Springs Housing PO,1986 Set Aside Deferral Merged 1 1.532,669 N 729,543 729,543 729, $YCLeesOf 62004 Convention Center Bonds Bentl nsement 6612007 City of Palm Springs Agency Contribution to Convenfion Merged 27,300,000 N Center Fix nrxwon Contract Services-Financial Fees 9222013 6202019 Harrell a Company Merged 1 Bonds Disdosure Rating Merged 1 34 20C N S 1.700 5 Advisors Contract Services-Rebate Fees SM12010 SOO12,017 W11dan Financial Services Merged l Bonn Rebate Consulting Mail 15 DOC N $ 2,500 2.50 $ 2.500 Celcuation Services Bond Trustee Fees Fees 6MG2000 11/12om US Bank Merged l Bonds Trustee Fees Merged 1 7000 N $ 3700 3700 $ 3700 11 Disposition and Development Business Incentve 1M0005 9/12022 Endure Imestrnents Financial Assistance(10 Year) Merged 1 840. N $ 140.Ogo 14000D $ 140,000 Agreement Agreements 120vmer Participation Agreement Business Incentive 1/192000 61302018 NPMMors Financial Assistance Merged 206 N $ 200,ODD $ - eements 152007 Taxable Tax Allocation Bond. Bonds Issued On or Before 9/182007 9/12034 US Bank Property Acquisition Merged 9,461B0 N $ 176,407 s - Smes C 12(31110 16A reentri Reimbursement Miscellaneous im2006 6/302037 C' MPalms rin s PSL-236 Lease Merged 2 4263.B89 N $ 147470 14747 S 147,470 1720W Convention Center Bonds Bond Reimbursement Springs Agency Contribution to Convention Merged 6,DOD O0 N ,a.m. Center Evigni 18 Contract Services-Financial Fees 9222010 6/302019 Harrell 8 Company Merged 2 Bonde Disdosure 1Ret, Merged 2 30.00 N $ 1.500 $ Advisors 20 Bond Trustee Fees Fees 6/162004 111120M US Bank Merged 2 Bonds Trustee Fees Merged 2 35.000 N S 1900 19 $ 1900 25 Contract Services-Audit Admin Costs 4/ 2010 61J02017 Lance Shc B Lunhard Audi Services Merged1l Merged 2 16200 N 5 6,000 BOOC $ 6.000 26 Canted Services-Leal Admin Costs 11122005 6602017 WoadruffSradin General Legal Counsel MergiscillMerged 2 720O N S 9.ODO1 9.00C 9,000 27 Contract Services-Financial Admin Costs 711112008 6/3D12019 Harrell&Company ROPS C,m ulting Mergedl/Merged 2 144,00 N $ 4.000 4,00C 4,DOO Advisors 33Administrahve Cost Alovance Admin Costs 7/1/2016 n02017 City of PalmSprings Overhead Cost Nlocanonl5elaues Mer sdl/Merged 2 4,625.GOD N 5 250000 125.ON S 125,000 34 Loan LMIHF Loans 5/6f1998 11/172035 Palm Springs Housing Loan to Merged Project No 1 Merged 24.503 N Succeasor 35 Agreement for Reimbursement Ciy/CauMy Loan(Prior 10/16/1991 11/12035 City of Palm Springs Project Costs Merged 413,500 N 0628111),Other Wastewater Fund 36 Agreement for Reimbursement City/County Loan(Prior 10/16/1991 11JI2035 City of Palm Springs Project Costs Merged2 413,500 N W28/i1),Other Wastewater Fund 37 Agreement for Reimtrsement City/County Loan(Prior 6111 11)12035 City of Palm Springs Project Costs Merged2 400,ODO N 0628111.Other Wastewater Fund 38 City Loan and Interest CitylCounty Loan(Prior 6/152011 1W2035 City of Palm Springs Operating and Administrative Costs Merged 1,553,913 N 0611,Other For FY 2011-12 39 Cry Loan and Interest CitylCounty Loan(Prior 61151 11 11/12035 City of Palm sprigs Operating and Adminnstra4ve Costs Merged 2 103,250 N 0628111,Other - For FY 2011-12 40City Loan and l Merest 7!"CIOety Loan iPnor 6/1612011 11/12035 -Ity of Palm Springs Opera!9g and Admnretrar,Costs Mergedl/Merged2 2D11785 N $ - 5 - O6Q8;l1i Outer For FY 2010-11 41 Agreement for Reimbursement City/County Loan(Prior 12/62006 1111Q035 City of Palm Springs Pnepay Person of PSL 236 Merged 1,139.87 N $ - $ WQ8111),an. Sustaini Fund 43 2007 Tax Allionon Bonds,Sense Reserves 91182007 9112034 US Bank Reserve for September 1 DeM Merged 1 659,61 N $ 659,613 S - A Service 442007 Taxade Tax Allocation Bands, Reserves 91182007 9/12034 US Bank Reserve for September l Der Merged 118,64 N $ 118847 S - Sense B I Service 462007 Taxable Tax Allocation Bonds, Reserves 9/182007 91 US Bank Reserve for September l Der Merged 346,40 N $ 346,407 $ - Series C Service Palm Springs Recognized Obligation Payment Schedule(ROPE 18-17)-ROPS Detail July 1,2016 through June 30,2017 (Report Amounts in Whole Dollars A B C D E F G N I J N L M N 0 P 0 16-17A Nor-Redwelopmere Property Tax Trust Fund (Wn-RPTTF) RPTTF Contract/Agreement ConbactlAgreemeM Total Outstanding 16-17A Itema Protect Nornei Ohli9ation Odiga9on Type Execution Date Termination Date Payee Deacnpton/Prdjed Scope Protect Area Debt or Obligation Patient ROPS 16-17 Total Bond Proceeds Reserve Balance Oster Funds Non-Admin Admin Total 48 Property Tax -Cork&Bottle Property Maintenance 7/1Q013 6/302019 County of Riverside Property Taxes on Agency Hold Lawl Merged 15,00C N 5 4,000 2,NG S 2,WD Property Pending PMP-Current Installment 49 Property Tax-Cork&Bode Reserves 7112016 SOW2017 County of Riverside Reserve for Next Installment of Merged Y 8 S Property Pr Tax on Item 48 50 Property Tax Pet.236 Property Property Maintenance 7/12013 6*02037 County of Riverside Property Taxes on Property Under Merged P5,00 N $ 11.000 5000 S 5,000 PSL 236 Lease-Current Installment 51 Property Tax PSI.236 Property Reserves 7/12D1B M02017 County of Riverside Reserve for Next Installment of Merged Y $ If Property Tax on Item 50 52 Plaza Theatre-Imurance Property Maintenance 71V2016 513 2017 CM of Palm Springs Insurance on Agency Holtl Property Merged 1 Y $ $ Pending PMP 53 Raze Theatre-Maintenance Properly Maintenance 7/12016 MM017 CM of Pam Spnngs Maintenance Costs on Agency Hold Merged Y $ $ - Property Pereira PMP 56 Unities Properly Maintenance 7/1Q018 MM017 Desen Water UlhOes for Agency Had Property Merged 1 2.00 Y $ 2,000 1.000 $ 1,000 Penchno PIMP 57 Plaza Imestment Lease Property Maintenance 7r302003 5/31Q018 qua Investments Lease of properly adjacent to Raze Merged 19,60 N $ 9,700 4,111 6H 5 4,800 Theatre used for access 822014 Subordinate Tax Allocabon Refunding Bonds Issued 81192014 9/12D34 US Bank Refinandng of 2001 and 20M Bonds McMWII Merged M.Wel N $ 1,129,600 &D9.200 $ 809,200 Bonds After 827/12 63 Contract Services-Fruncial Fees 9222010 W13=19 Harris&Company M14 Bonds Disclosure/Rating Mergedtl Merged 2 30.00 N $ 1,500 S Advisors 64 Contract Services-Rebels Fees 6/420/0 6/J02016 Mldan Financial Services M14 Bands Rebate Consuming Mergedll Merged 2 15,00C N $ S Calculation Services 65 Bond Trustee Fees Fees 8/192014 Wlr2D34 US Bank 2014 Bonds Trustee Fees Mer dll Merged 2 6000 N 3000 30 $ 3D00 662014 Subordinate Tax Alloonon Reserves 8/192014 9112034 US Bank Reserve for September l Debt Margedl/Merged 2 492.50 N $ 482.500 S Bonds Service 69 Captlal Projects Band Funded Project—Pre- 7/12015 61302034 To be determined Remaining 2007 Series C Bond Merged Y $ $ 2011 Proceeds 70 LRPMP Properties Property Maintenance 7/12016 6I300020 To be determined Maintenance Costs on Agency Hold Mergetll/Merged 2 25,00 N $ 7,500 5,011 $ 5,000 Property Femurs Disposcron 71 LRPMPPmpertes Property Dispoatiom 7/lM16 6r302020 To be determined Costs for Deposition d Agency Had Mergacil/Merged 2 25,00C N $ 15,000 S $ 5.000 Property-Appraisals,Fencing. lClosima Casts etc 72 Arbance for me City for Cork& Property Mardenance 1/12016 1/12017 City of Pam Springs 80 year do building has unsafe wring Merged 23,0 N $ 10,000 10,DOC It 10,000 Bottle Buidng Electric Revering and needs repair before sae;it is occupied by atenant 73 N E $ 74 N $ $ 75 N It $ 76 N $ $ N $ $ 78 N $ $ 79 N $ $ 80 N $ $ ell N $ $ 82 N $ $ 83 N $ S 84 N $ S 85 N $ S 86 N S S 87 N s 5 88 N S S 89 N s S 90 N $ S 91 N 5 $ Palm Springs Recognized Obligation Payment Schedule CROPS 16-17)-ROPS Detail July 1,2016 through June 30,2017 (Report Amounts in Whole Dollars) A B C D E F G H I J a R S T D V W 16-17B Non-Redevelopment Property Tax Trust Fund (NonRPTTF) RPTTF ContractrAgreemert ContractrAgreement Total Outstanding 1617B Item IN Project Nane/Debt Obligation Obligaton Type Exewtlon Date Termination Date Payee Descnption.Pmject Scope Protect Area Dent or Obligation Rented ROPS 1617 TMOI Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Total $ 107,971294 3 5639644 $ - $ - E - $ 2,345074 $ 125000 $ 2470074 2007 Tax Allocation Bonds Series Bards Issued On or Before 9/1 O07 911/2034 US Bank Capital Pro ecs Mended 1 20204650 N 2007 Taxable Tax Allocation Bonds, Bonds Issued On or Before SH 82007 9112034 US Bank Property Acquisition Merged 3.149,43 N $ $ Series B 12131/10 SERAF Loans SERAPERAF 4202010 6/30203] Palm Springs Housing Loans for FY 2009N0 and 2010/11 Mergedl 1055457 N $ L055g5] $ Buccessor SERAF Pa ri 5 Housing Deferral Repayment LMIHF Loans D37 Housing Pre-1986 Set Aside De fe Merged 1 1,532 729,543 E 2004 C.mrin nCenter Bonds Bond ReimWrsemerd": Agenry,Contribution to Com.5. Merged 27 Agreements Carter Expansion 7 Contract Services -Financial Fees 92220f0 6,30rz01s Harrell&Company Merged l Bcnds Disclosure/Rating Merged l 34,2 N S 1.700 1 70 $ 1700 Adile r, Contract Services-Rebate Fees 6/d2010 &302D17 W11tlen Financial Services Mergetl 1 Bootle Rebate Consulting Merged 1 15,0 N 2,500 $ Calculation Services Bond Trustee Fees Fees 61161 11n2D34 US Bank Mred l Bonds Trustee Fees Merged1 700 N 370D S 11 Disposition and Development Busmesslncenave 12WOOS IBM= Endurelmestlnenfa Financal Assonance(10 Year) Merged No Go N $ 140,000 $ Agreement Agreements 12 Omer Peniapetion Agreement Businesslncentive 1/192000 &302018 VIP Motors Finendal Assistance Merged 200,00 N $ 200.000 200.000 S 201 Agreements 152007 Taxable Tax Allocation Bands, Bonds Issued On or Before 9/182007 wl1a d US Bank Property Acquisition Merged 9,461,80 N $ 176,40] 176407 $ 176,4D Series C 12131I10 15 Agreement fo-Reimbursement Miscellaneous 12/612OW 3130n037 City of Palms dos PSL-236 Lase Mer ed2 4.26388 N $ 147.47C $ 1720"Cornfori Carter Bonds Bond Reim 11/12034 Fly of Palm Springs Agency Contribution to Convourbon Merged MEOW Agreements " Center Expansion 18 Contract Services-Financial Fees 9022010 6130/2019 Harrell&Company Msrged2Bcnds Disclosure/Rating Merged 30.00 N $ 1.500 1.500 S 1.50 Adv1505 20 Bond Trustee Fees Fees 611620" 11/12034 US Bank Meted 26cnds Trustee Fees Met ed2 35,DOD N $ 1900 $ 25 Contract Services-Audi Admin Cass 4/52010 61362017 Lance Soil&Luc Gard Aucit Services Met edt/Mer ed2 162 OW N $ 6.000 $ 26 Contract Services-LegalAdmin Coss 1/122005 6/302017 WOrdru6S adin General Legal Counsel Meredtl Merged 2 72,00 N $ 9,000 $ 27 Contract Services-Financial Admin Costs 711 WOOS 61302019 Harrell&Company POPS Consulting Mergedl/Merged 2 144.00 N $ 4,020 $ Ac isom 33Administrative Cost Allowance Admin Costs 7112C 16 61302017 City cf Pair Springs Overload Cast AlocabonlSalares Meredt/Merged 2 4,625.000 N $ 250 DOC 125.CDC S 125.DOC 34 Lean LMIHF Loans 5/6/1998 11/12035 Palm Springs Housing Loan to Merged Project No.l Merged 24503 N Successes 35 Agreement for Reimbursement City/Counry,Loan(Price 10/16/1991 11/12035 City of Palm Springs Project Costs Merged 413.500 N 0628/11 Other Wastewater Fund 36 Agreement for Reimbursement Citynii Loan(Fire 10/ili/1991 11/W035 City of Palm Springs Project Costs Merged 2 413500 N Dfi2an 1).Other Wastewater Fund 37 Agreement for Reimbursement CttylCounty Loan(Pride 622J1993 11/112035 city of Palm Springs Project Costs Merged 2 400D00 N O628n 1).Cther Wastewater Fund 38 Cry Loan and l ntareet Crylcounty Loan(Pride 1 11/12035 City of Palm Springs Operating and Administrative Costs Merged 1553,913 N 06128/11).Other For FY 2011-12 39 City Loan and Interest Citycounty Loan lPdor 6/15R011 111W035 City of Palm Springs OZatl end -Admmustrative Coss Merged 1D3250 N 062811t Other - F "- 40 GN Loan and Interest CltylCounty Loan(Prior 6I152011 11/12035 Cty of Palm Sudngs Operating and Administrative Costs Merged'1Merged 2 2,011 785 'J S - $ 0628111).Other For FY 201 W 1 41 Agreement for Reimbursement Ci ylCounty Loan(Prior 12 WON 11/12035 Ciry of Palm Springs Prepay Potion of PSL 236 Merged 2 l,139.872 N $ - 8 01 Other Sustainabll' Fund 432007 Tax Allocation Bonds,Series Reserves 9/1 M007 9112034 US Bank Reserve for September 1 Debt Merged 659613 N $ 659.613 659.613 $ 659,61 A Service 4d 2007 Taxable Ton ASacetion Bonds, Reserves 9/182007 9/1/2034 US Bank Reservefor Septemberl Debt Merged 116e4 N $ 116.647 1 18,M7 S 118,64 Sen.B Service 46 2007 Taxable Tax Allocation Bands, Reserves 9/182007 9/12034 US Bank Reserve for September l Debt Merged2 346.40 N $ 345,407 31 S 346,40 Bed%C SBNICB Palm Springs Recognized Obligation Paymefd Schedulee(ROPS 16-17)-ROPS Detail July 1,2016 through June 30,2017 (Re art Amounts in Whole Dalian) A B C D E F G H I J K R S T U V W 16-17B Non-Redevelopment Property Tax Trust Fund (NornRPTTF) RPTTF Cont.dit...M COMmNAgreemen[ Total Ouhtandng 16179 Item# Projed Name/Debt Obligation Obligation Type Execution Dale Termination Date Payee DescripsoniProject Scope ProjectArea DebtorObligation Retired ROPS 16-17 Total Bond Proceeds Reserve Balance Ofber Funds Non-AdMn Admit TMaI 46 Property Tax-Cork&Bone Property Maintenance 7112D13 WIN2019 County of Riverside Property Texas on Agency Held Lend Merged 1 15,00 N $ 4,000 2.000 3 2.00 Property Pending PMP-Current Installment 42 Property Tax-Cork&Bottle Reserves 7/12016 61302017 County of Riverside Reserve for Next Instillment of Merged Y $ 3 Property Property Tax on Item 48 50 Property Tax-PSL 236 Property Property Maintenance 7112013 61302037 County of Rlvemlde Property Taxes on Property Under Merged 2 275,003 N E 11,000 6,000 6,00 PSL 236 Lease-Current Installment 51 Property Tax PSL236 PropeM Reserves 7/1r1016 61362017 County of Riverside Reserve for Next lnstalment of Merged Y $ $ Property Tax on Item 50 52 Plaza Theatre-Insurance Property Maintenance 7/12016 WMD17 City of P.I.Songs Insurance on Agency Held Property Merged l Y $ $ Pending PMP 63 Raze Theatre-Maintenance Property Maintenance 7112016 61302D17 City of Palm Springs Maintenance Cosh on Agency Held Merged 1 Y $ - $ Property Pending PMP Mines Procamy Maintenance 7112O16 MDQ017 Desert Water Umbee for Agency Hold Property Merged 1 2,00 Y $ 2,000 1.00 $ 1.00 Pendna PMP 57 Plaza l nvesbnent Lease Property Maintenance 7/302003 5l312018 Raza Investments Lease of propeM adjacent to Raze Merged 19,60 N $ 9,7M 4, $ 4,90 Theatre used for access 82 2014 Subordmda Tax Allocation Ransoms Bonds Issued WIM014 olltzo t US Bank Refinancing o/2001 and 2004 Bonds Mergetll/Merged 2 20,309,100 N $ 1,129,600 320 400 5 32D,40 Bonds After 627112 6 Contract Services-Financial Fees 91=010 6/302019 Harris&Company 2014 Bonds Disclosure Rating Merged1f Merged 2 30,00 N $ 1,500 1.50 $ 1,50 y isprs 64 Contract Services-Rebate Fees W2010 61302016 VNIIdan Financial Services 2014 Bonds Redste Consdting Mergedl/Merged 2 15,D0 N $ E CWWahon Semites 65 Bond Trustee Fees Fees &r19f1014 9112034 US Bank 2014 Bonds Trustee Fees MugadllMerged 2 60 N $ 3000 $ 66 2014 Subordmate Tax Allocation Reserves, WIM014 9112034 US Bank Reserve for September l Debt Mergedl/Merged 2 49250 N s 492,500 492.500 S 6925 Bonds Service 69 Capital Projeds Bond Funded Projed—Pre- 7/12015 61302034 To ds determined Remaining 20D7 Series C Bond Merged Y $ - E 2011 Proceeds 70 LRPMP Properses Property Maintenance 7/12016 61302020 To be determined Maintenance Cosh on Agency Held Mergetll/Merged 2 25, N $ 7,5W Z50C E 2,50 Property Pending D.Proution 71 LRPMP Propedea Property pspositiom 7/12016 62D202D To be determined Casts for Dspoebon of Agency Held Mergedl/Merged 2 25,0 N $ 15,000 10,0 $ 1000 Property-Appraisals,Fencing. Closing Coats into 7 AMance for the City for Cork& Property Maintenance 112O16 1112017 City of Palm Springs 80 year old building has unsafe wrong Merged 23,0 N s 10,000 $ Bottle Buldrg Eleddc Revering and needs repair before sale,it he occupied by a tenant 7 N $ $ 7 N E s 7 N $ $ 7 N $ $ N $ $ N $ $ 7 N $ $ 8 N $ $ 81 N $ $ 8 N $ $ 6 N $ $ a4 N $ $ 8 N $ $ 86 N $ qN $ N $ I S 89 N $ $ 9 N E $ 911N I E $ Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17) - Report of Cash Balances (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see CASH BALANCE TIPS SHEET A B C D E I F G H I Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS Prior ROPS period balances RPTTF Bonds issued Bonds issued and DDR RPTTF distributed as Rent. Non-Admin on or before on or after balances reserve for future grants, and Cash Balance Information by ROPS Period 12/31/10 01/01/11 retained period(s) interest, etc. Admin Comments ROPS 15-16A Actuals (07101/15 - 12/31/15) 1 Beginning Available Cash Balance(Actual 07/01115) 1,042,886 1.324 1,127,077 1,525,175 95,841 2 Revenuelincome(Actual 12/31/15) RPTTF amounts should tie to the ROPS 15-16A distribution from the County Auditor-Controller during June 2015 3,776 7 22,073 836.196 3 Expenditures for ROPS 15-16A Enforceable Obligations (Actual 12/31/15) 1,127,077 1 1498,412 855,778 4 Retention of Available Cash Balance (Actual 12/31/15) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 7,000 5 ROPS 15-16A RPTTF Balances Remaining No entry required 3 759 6 1 Ending Actual Available Cash Balance C to G = (1 + 2 -3-4), H = (1 + 2 - 3 -4 - 5) $ 1,046,662 $ 1,331 $ - $ - $ 48,836 $ 65,500 ROPS 15-16B Estimate (01101116 -06/30/16) 7 Beginning Available Cash Balance (Actual 01/01/16) (C, D, E, G =4+ 6, F = H4+ F4+ F6, and H = 5 + 6) $ 1,046,662 $ 1,331 $ $ 7,000 $ 48,836 $ 69,259 8 Revenue/Income (Estimate 06/30/16) RPTTF amounts should tie to the ROPS 15-16B distribution from the County Auditor-Controller during January 2016 2,339,957 9 Expenditures for ROPS 15-16B Enforceable Obligations (Estimate Reserves for September 1 debt service 06/30/16) transferred to trustee in 15-16B shown as 1,046,630 - 25 '25 2.405.457 expenditure, not as reserve per new instructions 10 Retention of Available Cash Balance (Estimate 06/30/16) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 32 11 Ending Estimated Available Cash Balance (7+8-9-10) $ - $ $ $ 7,000 $ 23,111 $ 3,759 Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17) - Notes July 1 , 2016 through June 30, 2017 Item # Notes/Comments 70 Includes reimbursing City of Palm Springs for any maintenance or weed abatement costs in 15-16B 16-17A: Requested reserve for full September 1, 2016 payment in 15-16B which will be shown as an expenditure in 15-16B because transferred to trustee in 15-16B 2, 3 & 15 (new instructions), no expenditure for September 1 debt service shown from reserve in 16-17A 16-17A: Requested $468,676 reserve for September 1, 2016 payment in 15-16B which will be shown as an expenditure in 15-16B because transferred to trustee in 62 15-16B (new instructions); no expenditure for September 1 debt service shown from reserve in 16-17A