HomeMy WebLinkAbout24436 RESOLUTION NO. 24436
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS
CAPACITY AS THE SUCCESSOR AGENCY TO THE CITY
OF PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY, AND IN ITS CAPACITY AS THE HOUSNG
SUCCESSOR AGENCY TO THE CITY OF PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY, APPROVING
THE SUCCESSOR AGENCY BUDGET FOR FISCAL YEAR
2018-19, AND OTHER SUCH MATTERS AS REQUIRED.
WHEREAS, in accordance with the provisions of the California Health and Safety
Code Section 34173, the City Council of the City of Palm Springs has been designated
and has accepted such designation of "Successor Agency to the Palm Springs
Community Redevelopment Agency" ( "Successor Agency") to carry out the purposes of
and exercise the powers granted to successor agencies; and
WHEREAS, pursuant to City Charter Section 903 the City Council conducted a
duly noticed Public Hearing with respect to the Fiscal Year 2018-19 Budget; and
WHEREAS, the City Council has examined said budget, and considered all written
and verbal public comments, and after due deliberations and consideration, made any
such amendments in the preliminary budget as it considered desirable; and
WHEREAS, pursuant to City Charter Section 904,the City Council desires to adopt
the Budget for Fiscal Year 2018-19.
NOW THEREFORE THE CITY COUNCIL OF THE CITY OF PALM SPRINGS
DETERMINES, RESOLVES AND APPROVES AS FOLLOWS:
SECTION 1 . The City Council, as the Successor Agency's governing board, has
considered and approved the Recognized Obligation Payment Schedule (BOPS) for the
period of July 1, 2018, to June 30, 2019 ("ROPS 18-19 A&B") in the form attached to this
Resolution as Exhibit A, which serves as the Fiscal Year 2018-19 Budget for the
Successor Agency.
SECTION 2. The City Council, as the Successor Agency's governing board, has
considered and approved the administrative budget in an amount equal to the
Administrative Cost Allowance provided in California Health and Safety Code Section
34171(b)(3) for the period of July 1, 2018, to June 30, 2019. The administrative cost
estimates are as follows:
Resolution No. 24436
Page 2
40000 Salaries $175,896
41450 Telecommunication 258
41600 PERS Contribution 47,418
41700 Medicare Tax 2,551
41900 Fringe Benefits 23,619
41930 RHS Health Benefit 258
Total $250,000
To the extent that funds remain after payment of salaries and benefits, any remaining funds
will be applied to legal costs incurred by the Successor Agency, costs to prepare the BOPS
or audit of the Successor Agency's financial statements, without any further action of the
Successor Agency or the Oversight Board to the Successor Agency ("Oversight Board").
SECTION 3. Any changes to ROPS 18-19 A&B line items, clawbacks,
adjustments, or similar changes to the amounts payable from the Redevelopment
Property Tax Trust Fund (RPTTF) or other sources or changes required by the Oversight
Board, the Riverside County Auditor-Controller, or the State of California Department of
Finance, shall constitute an approved amendment to the Successor Agency budget
without further action by the Successor Agency, including the payment of any proceeds
of land sales that occur during Fiscal Year 2018-19 required to be remitted to the
Riverside County Auditor-Controller.
SECTION 4. The City Manager is hereby authorized to pay any demands of the
State of California Department of Finance in Fiscal Year 2018-19 pursuant to AB X1 26,
as amended, and such demand shall constitute an approved amendment to the
Successor Agency budget without further action by the Successor Agency Board.
SECTION 5. The City Manager is hereby authorized to execute any professional
services agreement or other contract specifically included or to be included in the
approved ROPS 18-19 A&B or the Fiscal Year 2018-19 Budget so long as such contract
does not exceed the amount so funded. The authority to enter into agreements pursuant
to this provision shall be deemed complementary to and consistent with the authority to
enter into contracts provided in City Council Resolution No. 20271.
SECTION 6. The Director of Finance is authorized, at the end of Fiscal Year
2017-18 through the closing of the accounting records for each such fiscal year, to make
and record appropriate inter-fund transfers and fund balance transfers to appropriation
accounts as required to properly account for and balance activity accounts, programs and
funds, prior to the completion of the fiscal year audit.
SECTION 7. In retaining the responsibilities of the Palm Springs Community
Redevelopment Agency as provided in California Health and Safety Code Section 34173,
the City Council expressly determines, recognizes, reaffirms, and ratifies the statutory
limitation on the City and the City Council's liability in retaining the responsibilities of the
Community Redevelopment Agency of the City of Palm Springs pursuant to
Resolution No. 24436
Page 3
AB X1 26. Nothing in this Resolution shall be construed as a commitment, obligation, or
debt of the City or any resources, funds, or assets of the City to fund the City's service as
the Successor Agency as provided in this Resolution.
PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY
COUNCIL, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO
THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, THIS 6TH DAY OF
JUNE, 2018.
i
David H. Ready, E
City Manager
ATTEST:
nt ny J. M ia, MM
City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, ANTHONY J. MEJIA, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 24436 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on June 6, 2018, by the following
vote:
AYES: Councilmembers Holstege, Kors, Middleton, Mayor Pro Tern Roberts, and
Mayor Moon
NOES: None
ABSENT: None
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Springs, California, this Qlj�� day of
Anfti6hy J. Meji
City Clerk
Recognized Obligation Payment Schedule(ROPS 18-19)-Summary
Filed for the July 1,2018 through June 30,2019 Period
Successor Agency: Palm Springs
County: Riverside
18.19A Total 18-19B Total
Current Period Requested Funding for Enforceable Obligations(ROPS Detail) (July-December) (January-June) ROPS 18-19 Total
A Enforceable Obligations Funded as Follows(B+C+D): $ 1,616,785 $ - $ 1,616,785
B Bond Proceeds - - -
C Reserve Balance 1.616,785 - 1,616,785
D Other Funds - - -
E Redevelopment Property Tax Trust Fund(RPTTF)(F+G): $ 3,133,865 $ 3,366,038 $ 6,499,903
F RPTTF 3,008.865 3,241,038 6,249,903
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations(A+E): 6 4,750,650 E 3,366,038 $ 8,116,668
Certification of Oversight Board Chairman:
Pursuant to Section 34177(o)of the Health and Safety code,I hereby
certify that the above is a true and accurate Recognized Obligation Name Title
Payment Schedule for the above named successor agency. /s/
Signature Date
Palm Spring,R,cognizad Obligation Payment Schedule IROPS 18-191-ROPS Detail
July 1,2018 through June 30,2019
lReport Amounts in Whole Dallas
A B C D a F G H I J K L M N O P G
18.19A(July-Dxatnbe
Fund Sources
camecuAOwm.nt CaniraalA Ranant Tad Oubltndnp ROM 1419
Item• Raga Nam JpGm Odraaan OnlpMon Type Fxecuen Date TermuuM1n Data Payn DesaryewsProjwt Scups Prapd Nee D.blw OlfpeBon F:atled Tad Bod Proreey Reserve BNana Oe.r Funda RPTTF Adam RPTTF Tod
52 m9163 6116 866 1 618 J85 4 3,000.865 6 125.000 3 4.7 B30
NV Tex Aloadon Book Senn Bance baud On on Wom US Bank R- 1
2007 Tax.Ne Ten AloOn on Bon>,Bonds MuW On w BMen Ail l 9 imu U9 Bank Ropwly Pcgwibon Merged 1 2,8SoSX N j 176614 121.805 12I.STS
San.B 12nI/IO
Houcin9 Deferral R.M.ord LIMHF Lou. illfi 6 &3N203J Palm Sprins Housing Ra-19BB Sat Aune Gefenal Wr dl Y i $
Suae oa
B 20d ComerWm palm Sponge roComerdon Meedt N
]Contras Senlcaa-Flaandal Far 9I(22DIO 8(3NX119 Harte1&Company Bola Oiagoaura lRatn9 Merged IN.q;,ed 2 1085 N 3 3,SIX E -
AMimm
Contras Bervias-RaDW F. J4I1%D 6l362019 WMrr Rnendel Services Bantle Reb.le Comdbrp S.rviwe Mwpd tdderpd2 2I, N j 2500 2.50 E z,sgo
ewwafflon
BR; TmaMFeea Fee, 1/5M04 1111R02 US Bank Bang Trume Fen Maroon!1dAer 2 1380 N E 08 amNO 55 E 0NO
1l gepaltlon and Develaoment 9usiness lnrernve 1215ROD5 5/trzoT. Entlue Investments Finenaal Pssiatana(10 Yearl Mepd1 590000 N E 140:300 140 oDD E 140000
reemant ents
9 &Iplw, erged. 223,OW N 215,gW
1 2Wl Tenable TU Nloutian Bwlds Bads leued Or,ui Before 9(16RD0] 911203< US Bank Property AcqultlGon Ne gd2 Y E E
SeneeC 1Yit/1g
m Lean N
tJ 2001 %Ion� Cortrilation to Convert. N
Ex
19 ContrasFees fy22RH0 B=fD19 Hants&Comom, Merged 2P .Gadaare IRatinp Merpd2 Y £ 3 -
Pd Bank
Band TrFen N162064 11/1/2034 US Bank Mer d 2 Bards Trustee Fees Me 2 v j
3 Pdmnw ?Whin Cab 16 BG02018 G of Palms n OantoMGat Allocad N'L1dn Mar d1l Mer ed2 4125 oW N E 250 30 125 E 125000
LeerLke£IF Laro SR/1BB8 1V12035 Palm Smngz Houzing Loan to Merged Proteq No.t Mergedl v S E -
Su[resser
Youinw Palm 9pmga Coale-1 Loner y2Ma Merpol Y
..•. •--' .,.. C"of a.Surd mt Fad Lan
]6 apeerMMfa ReimWrawrwd 06RB/IIL Laan(Pdr tdt Wt 1t1VN35 C"of Pdm F.nd Propct CamaJ Loan water MarlPd2 Y
odyXow CashexPnor Was0 a.Fud Treatment Fund Loan
3)Pprnmen[M ReimWrnmwn Oi Srpunry LOen(P. 82211W3 11I1R035 Grtyd Palm FuW Prgeent Fun Waste Wmw Mergd2 V
O6/18111 Caenexcnan a On,d alra Fud Treatrnent Fund-.an
3B CnY Loan ad lntarnt OlylLauruY Laan(Pdr fJ15r2011 11112035 GrydPNm 9(nra Operaenp ad MrNdsaaave Cosh Meryedl 2.2826W N t,&4&.346 1,848.349 1,
2flr11 Czan e.c.n a Far FY X 10-11 Genial Fund Loan
34 CRY Loan ad:Z*=
pryn;ounry Loan WWO11 1111M35 City 0 Pa.9pmnP Onerahn,and MorniatraWe Coen Mer9d2 151654 N 151654 151654
082flr11 Cnn exda a Far FY 2010.11 General FunO Loan
40 City Loan adGNICounry L081'Pnar F15l2D11 11/12035 City al Pdm SynW Oaemlro ad Atlrrvrvatrative Cosh Merped14.1ar9ed2 N
D&4&11 Gan erfAe Fen FY All-I 41 A9raamantfw !County Loan(Pd1 12fl2006 IIAMH Cily of Palm S'n,s PepeyPa6on of Merod2
11).Cnn exfharge Suleimbl Fund Sueleimdlipl - ue)FudLon432D0]Taff Mo Raaarvn 911KW7 90/2034 US Bank Reserve for BeplemDer l Dent Wrpd1 Y j jA Sarvin
44200J Tmwbla ,Ftnwen Br1&4D0T BHMu US Bank Reserve for Sepemper l Dent MerdI IN N $ 121.809iSenes B Seim46 nV Tenable TaxA ,F:rwae &18I200] 9l1l2034 USBank Reservelor Septemloer l DeU Wrpad2 Y 3 j -
Seria C Senn
48 Propert,T.-Cork&Bottle pmpeay Maaaenana 71IM13 8l30R019 Cournyof RNemida Properly Taxes an Aq Held Led Mer9d1 4. N S 4NO 2,0 $ 2,OD0
Pro Penile PL1P-Current lnsdment
MEW-PSL 208 dMatrwKe MM13 CowrtydRheNy Mefpd2 N
5J gaze Investment Lease Property Maintenance 7I30=3 O312C16 Plaza ln,f,o"enm Leneofpra,o,ageantte Raze ve 3ee Y 6 - 5 -
Thealre used for axes I H
Palm Springs Recognized Obligation Payment Schedule(ROPS 18-19)-ROPS Detail
July 1,2018 through June 30,2019
Re orl Amaunls in Whole Dollars
A B L D E F D N 1 J K L M N D P O
18-19A(July-December
Fund Sources
L rVsdlAgrnment Lan AeeemeM ToOi 0uktaridn9 Ron 1e-19 tbt9A
8em l Prgad Narn.M Obigaeon Ob,eOon type E*cuh B Dats Te raffi.Date Payee D.npda raiw Smile Rgrr/ae i Ded or bignan Rdmd Taal Bond Pmcn& Ream Balance Otlrr Fur cs RPTTF Addn RPTTF Total
0I9 im ila.ma 1616765 3 3 e85 6 1MM 4750M
62 2014 Subordn eTax All Oon Rehedrq Bm&Iruetl 811S2014 9`1M US Bank Ralmoang of Ml ark 2NM Bonds MwW&f Merged 16,25D 4M N 9 1599,150 sas,ox 805,7 9 1.310.T00
BpMAftrIN27112
cadnd SarA.-Rrowtdal F. Q=iolo 6/i0.2D19 Nand 8Compxy M14 Bonds Dled NIM, Mergd1f Merged2 V F l -
A&son
84 Coldad Bareim-Redak F. d4Q010 8362D19 MAI&n Fnaridd beNloea 2014 Bontla Rabeee Candanq MergWll MergW2 V 8 a -
CaldMedon Sandcn
Bond Trva[ea Fen Fen 01100014 wit US Bank 2014(BDAdaSep rI Mar 11M V $
662014 Subardmte Tex Ploorm Resenas aN9(M11 &12D34 lR Berik Reserve for SepWrhert Deb MergWll Maryed2 1315, N i 1,34S450 S -
Bonds Service
LRPMP Proparbe Roped Mantananoe NIM18 Br=020 Lift'd Pekn Spdn,e Malydenana C m Ace"NNd WrWd1IMer9ed2 11, N 8 11,5W 5,7 IN 6750
P Perd Dk
71 LRPMPP.,rias Roped DkponSon 711MIS To M determnW C Ia for DiaPacko.of A,ray l M4rgadll Merped2 %M N s 9,950 6,8 $ 6,SW
Pm rN-A4pmIWa,Mit repde,
Cl.r.Cork ak
73 2017 Tan Notation Rrfundng Rekrrdn,Bonds hued 11I1WCil, WVX34 US Bank Rdnandng 20D7 Senn A lkM Mer,edI toox,eW N 3 88].)00 an MI 9 633,325
Bon&SeneaA N 6r21112
74 M17 T.Paton Refund., Reserves 11I1SM11 MM14 MBank Resans for a PMrbar l Deb Mrr,ed1 529 3M N e 5201375 $
Bon&SennA &eroice
75 2017 Texade Tax Alonon R.Nd,Bends lseuM 111ISM17 8Y/ US Bank R.lI..n,M7Ser,.ABork Mrged2 8,966755 N 8 d%,25] 356 SM M.117 9 WR2
Rrhadn Bands Seriea8 Mr62]l12
] 201]Taxabe Tax Alocadon R.,. 1111VA17 611/2034 US Bank R...M SepdmLer l Debt Merged 2 3544M N 9 364,465 S
R.f n Bonk Srir 8 Srr a
] Property Tax-UA BBatlb Proprd Mkntemnn ] MIA 6r302D19 Cd dP MSpnn,e Reimpose AEmn Al rm Clmped Mer,edl KQ N s 448 4 i 498
Property for Property Ter in Excess d ROP6
1]-13 rads
] LRPMP Proprt. Property Mdntarra. 711MIll 8ldg2019 T.Me .nminad EbddaN Mlnn,for Corks Bone Mar,ed1 10, N 8 10.000 tq S 10,000
Pr
Palm Springs Recognized Obligation Payment Schedule(ROPS 18-19)-ROBS Delail
July 1,2018 through June 30,2019
(Ruipanat Amounts in Whole Dollars
A B C D E F G N I J K R $ T U V W
18.198(January-June
Fund Sources
LpmadlApeemem GonlradVA9reemem Total Outahndn9 SOPS W19 18-198
IMme Prolae NeakDeM Obligated Cables.Typo Evecukan Dele TermineBpn Date Peyea DswipdwuPfajere Smpe Pm(ed Awe Debf or ONieshor Redrod Trial Band Prwxak, Reserve Balance Omer Funds RPTTF Admin RPTTF Total
52 C)9183 8116888 3 1039 1250ro 33tM 038
um Tex Ploraeon Banda Sods Banat M M &1 T Ce- Pr-p
200I Tsada TU Plowlm Banda,BaMelwued Qra Balwe 9118R007 R"InTI34 US Bank Ropey Acqu'rd9m Mergedl 2,85D.M N $ 176.614 Sd,809 $ •v1,8
SedeaB 12n1/10
Haucing Deferral Repayment LMHFLoas 1I111998 6r302037 PA.S,an,alWpn9 Pre1966 Set Iaias Defentl Merged 1 y S S
Suc espr
9 2000 Cammdm f.Ma Benda 111tRD34 1 N
Corrlmtl Services-Finanaal Fes 922QC1C 6r3DR019 Hanel&Company Banda Diedsur.Anang W,,n Walled 133500 N $ 3E00 360C 3.611
Adlaaa
Carawd Samcae-RBWte Fes 6I4201C 6G62D'I0 Mean F'manda Samna Bonds Rebate Canada,SerNpee Waled lAaerged2 24 000 N $ 2,WO S
Ctlaulsaon
Bond Trustee Fe. Fees N16QC04 llflQom US Bank Bonds lueatee Fen Merged Werued 2 138 DOO N $ 88f10 330 33O
11 Dlapositlor and Devdopnerd Br.a�ness l ncantva 1D52m5 9f12022 Endue Investments F naneial Assistance(10 Year) Mergeal S600 N $ 140.0 $
meat Prr:�„ rnrs
1 Crater Peltltlpadan Assistant B..lrnefeye 1na®00 6]3Y D Funneled Asbestos MerlledI 2215.000 N 225,0W z;fs.o00 225,000
aemema
152007 Teeade Tax Allocalon Bond,.Bongs Issued On or Before 9/18rz00> On0034 US Bank f'rogeMAcyaiak,n Merwd2 v $ - f
��a sr3vlo
1 c nrM for Rd amos 6C rlf PtlmS -n PSL-
1 W04 Carasnen Comer %.w - 11y BOB of Basin Sara, N
21, marsh
18 Conhad Service--Finarod Fees 9R22016 &302019 Harrell&Company r,q,,d2Bo,ds Diadsurea2abne Merged] Y 1 - $
Bond Tmtl.Fes Fees 61162004 11/1yXr34 US Bart Mer 2 Bonds Truelee Fees Ma d2 Y i f
Adm Natralu.Ceat Alowance Adnrin Costs 71IM16 MI2018 Ct of PtlmS n Overhead CMAlrcatlorJ6alans Mer dll Mer 2 412 NN 250000 125 Duo $ 125
34 Loan LMIHF Loans Sul 998 11/1]2035 Pam Swin.Hweing Loan to Maned Pre,ad No,1 Merced Y $ S
Suc
.. _ Cly0Coumy Loan(Rlw loewl991 Cy dPin Meryed1 Y
0818 1 Caan IrMa evweer FMrd -:
36 Aaearrwmhr ReerOwsamar8 COyl ounty Loan(Pro, 1011&11901 llm2035 Cy of Palm Spurge Proled Cade-Wad.Weer Mergea2 Y
O wl1).Caah eelaid ~..far Fund Trodment Fund Lsn
37AW.M tar Rearnbanemem C1M/Counry Loan(Poor 6 1993 11MI335 Cary of Pam$,,, Pmpa Ceah-Wane Water Merged2 Y
Mwil.Cash exchen Wstewrter Fund Tredmem Fum Loan
39 Cky Loan and Inept ClIf County L.(Pdor 6/152m1 11IM035 CM of Palm Spnek Operaarp and AOWnwbaOve C.h Misread 2,29;909 N 1,848,346
Maori CaM exman For FY 2010.11 General Fund Lean
39 Chy Loan and Interex CirylCwmty Loan(Prior 6/15R011 1111]Z035 C'rry al Pdm$polo Operating and Adminudndae Cosh Meryed 2 151,r354 N 151,654
0526H1 Ceen mMan For FY 2010.11 General Fund Lean
40 CM Loan and Inbred CitX.ry Loan(Prne 6/152011 11/1=5 Of,of PA.Sponge CaaaBrgand Adminrahaeve Cash Aread1dwr,v,12 N
O6rt&nt Casn evdlan For Fv 2011-12 General Fund Loan
41 Apsmad for RdmbwaarwM CkdCamty Loan(Pnor 1262003 11 IM35 Cie,of Pam Bonn, Prelsy LaSon of PSL 236, 2 N
062Sell).C.hafolour,a Suahinablay Fund SoetaisWry(SPedd Rmen.)
432007 T.Aliocafien Bums Seri. Readvs 9f18200T 9112034 US Bank Reserve for Sepereoer l Dell Meed1 Y $ - $
A Service
44200]TaxatleTs Aloraem Borrde,R. 8r'IB g%R034 US Bank Rearve for SapUnY»r l Debt Merged 124, N $ 124809 124,8 $ 124,
Sens B Semre
2W]Taage Tav Alentlon Bonds,Reeawae w820W WIM34 US Bank Resrve for Sepunklaw l Oak Merged Y $ $
Serfs C Serdce
Progeny T.-Cak B Bone Properly MantenarNe 1f12m3 019 County of Riverside ProperM Taxes on A9eney Had Land Merpol1 4. N $ 4,000 2,00 $ 2,W
Pro Pendn PMP-Currentlnataler—
yTea-PR 206 Property Property MCMEeranm MW3 County d Rhwrdde Tans on Franey Under Merged2 N
5]Plazalnvestment Lease PropeM Maintenarrc. i13nr20rn 5131rz01e Flaza Iry
eatmema Lease a PraPerly adlaceel to Raze Merged1 Y
Thuff,U9ed far aCC.a
Palm Springs Recognized Obligation Pay men Schedule(ROPS 18-19)-ROPS Detail
July 1,2019 through June 30,21119
(Report Amounts in Whole Dollars
A B C 0 E F G H I J K R S T U V W
18-198(January-June
Fund Sources
Conbecskgreemeitt Cmbad/Aaroemer& Taint Oulelandng ROPE 18-19 1&19B
Item# Prated NamaDett OWggon WkgMan Type Execution die Terrusenm date Payee drdlptloMProted Smile Project Area debt or OMdedon Rvied TOMI Bond Proceeds Reserve Balance WurFunds RPTTF Adrrvn RPTTF Total
183 811668E s 3 3 1241036 1 000 3366038
Q W14 Subonki TU Asocetion Refunding Bonds Issued &182014 M12034 USBank Refinancing of 2001 and 2004 Bands Wrdsdl/Mer M2 16,250.450 N $ 1,586150 2754 s 275,4
Bonds AaMe2]112
Contract Services,-Rrwud F. 9=010 5O02019 Hirt#&Creeper, 2014 Benda deddure IRO, handsel Marled 2 Y $ S
Addeo s
Lontrad Sera.-RebMe Far 10 5KHV2019 Vdlden Ressrdal Saw M14 Bonds ReCate Gmnuhnq 14x9adl/Miage02 Y s - S
Calculation Services
Bond Tnxtee Fed Fees WIM14 M120]4 US Bark2014 Bonds TrusW Fass WhadVidanxii Y -
2o14SubordruleTuNmron Rrervr AN92014 Mimm US Bank Resewfor September l Debt MerginnIMarysd2 1.345.415C N S 1.316450 I.M,41K S 1,345,
Bonds Service
70 LRPMP Properties Property"wenance 711MIS SKKV2C1U Cily,M Palm Spends Mardemoo,Gceb an Agency Hose! Mer9adlf Msreel 11, N s 11,500 5.7 $ 5,7
Pr.ipany P.ndN Denounce
71 LRPMP Properdd Property Dapowom 7/1mis fiOg2eD To be dderminel Cotsfor NizenuondAyency HtlE Magian/Mv9ed2 Cast N S 9,9s0 3,1 $ 3,1
Property-APpranal,title Papal
acarticoss etc
73 2017 Tax(onion Refunds n9 ReMdn9 Bonds Issued 112152017 A1/111341 US Bahr ROnandn920D]Saes A Bonds Wrged1 le'"'M N S 86],]00 2U,,37 S 234,37
Banda Sen.A Afieri&V/12
74 2017 Tax Alocabon Refunding R.A. 11115R017 9/1,=4 US sank Raserve for Seplamber l debt Wrded1 SN. N $ 529,315 529,37 s 529,3M
Bonds SeM.A I W..
75 2017 T.W Tax AMouition Relenting Bonds Newell 11/15201] mi=A us Bark Re6nandng 2007 Seed A Bods Wrped2 6,eet N S "6 7 79, s 18,4
ReNeduro Benda.Se1.B A1ter627/12
76 2D17 T.Wa Tax ASuotim Reaarvr 111152017 McOw us Bank Redrve for SedernW l 0ett Wrped2 356, N $ 154.485 3U,4116 zsa,
Refurgn 5anaa B Service
77 Praperry Tar-Cork&Bottle Property Meirdeneno ]11wa SrJW2019 City d Pwnm Stange Rsimbuna Add.Alaverrce Chsr9ed Marled 1 4111 N s 498 s
PropeeV M Property Tax in Evoas of BOPS
17-18 Eabo ewe
79 LRPMP Pn whhea Property Mekdenend 7n2018 6f382019 To be deterrrvdd 9emictl We,tar Cark A BOMB Merged tq N $ 10A00 4
Pr
Palm Springs Recognized Obligation Payment Schedule(ROPS 18-19)-Report of Cash Balances
July 1,2015 through June 30,2016
(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
period balances Prior ROPS
and RPTTF
Bonds issued on Bonds issued on DDR RPTTF distributed as Rent, Non-Admin
Cash Balance Information for ROPS 1546 Actuals or before or after balances reserve for future grants, and
07101/15-06130/16 12/31/10 01101/11 retainedperiod(s) interest,etc. Admin Comments
1 Beginning Available Cash Balance(Actual DV01115)
1,042,886 1,324 1,127,077 1,526.176 95.841
2 Revenue8ncome(Actual 06130116)
RPTTF amounts should tie to the ROPS 15-16 total distribution from the
County Auditor-Controller during June 2015 and January 2016.
3,790 17 41,432 3,176,153
3 Expenditures for ROPS 15.16 Enforceable Obligations(Actual
06130116)
Col C-Expense remaining 2007C Bond
Proceeds of$1,046,630 per Bond Expenditure
1,046,640. - 1,127077 1,509,469 2.074,127 Agreement
4 Retention of Available Cash Balance(Actual 06130/16)
RPTTF amount retained should only induce the amounts distributed as Col G-Amount shown on 16-17 paid from Other
reserve for future periods) Funds available from 15-15;Col H-PPA from 1
16A of$3,759 plus$1,177,815 reserve for bond
36 1,341 - r57,138 1,181,574 payments in 16-17A
5 ROPS 15-16 RPTTF Balances Remaining
No entry required
Col H-PPA from 15-16B+Fnexpended Reserve
16,293 Balance from 15-16B
6 Ending Actual Available Cash Balance(06/30/16)
C to G=(1+2-3-4),H=(1+2-3-4+5)
$ - $ - $ - $ - $ - $
Palm Springs Recognized Obligation Payment Schedule(ROPS 18-19)-Notes July 1,2018 through June 30, 2019
Item A Notes/Comments
73 Reserve transferred from Reserve for 2007 Series A Bonds Refunded with 2017 Series A Bonds(17-18 ROPS Line 43)
75 Reserve transferred from Reserve for 2007 Series C Bonds Refunded with 2017 Series B Bonds(17-18 ROPS Line 46)
66 ROPS B Reserve for 2014 Bonds September 1 Debt Service Increased from 50%to 100%after issuance of 2017 Bonds
74 ROPS B Reserve for September 1 Debt Service=100%of 2017 A Bonds
76 ROPS B Reserve for September 1 Debt Service=11 of 2017 B Bonds
Bond Disclosure,Rebate Calculations and Trustee Fees for all 4 outstanding series combined on lines 7,8&9(2007 Series B,2014,2017 Series A and 2017 Series
7,8&9 B)instead of reporting separately by series
63,64&65 Bond Disclosure,Rebate Calculations and Trustee Fees for 2014 Bonds now included in items 7,8&9
78 This property has fallen out of escrow and repairs are likely to be required before new purchaser can be found(see prior ROPS)