HomeMy WebLinkAbout24356 RESOLUTION NO. 24356
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS
CAPACITY AS SUCCESSOR AGENCY TO THE PALM
SPRINGS COMMUNITY REDEVELOPMENT AGENCY
APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS 18-19 A&B) AND AN ADMINISTRATIVE
EXPENSE BUDGET FOR THE PERIOD OF JULY 1, 2018
THROUGH JUNE 30, 2019, PURSUANT TO THE
CALIFORNIA HEALTH & SAFETY CODE.
WHEREAS, the Successor Agency to the Palm Springs Community
Redevelopment Agency ("Successor Agency") is the successor to the Community
Redevelopment Agency of the City of Palm Springs (`Redevelopment Agency'), a
redevelopment agency in the City of Palm Springs, 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 Dissolution Act made 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(l) requires the Successor
Agency to prepare a Recognized Obligation Payment Schedule (ROPS) listing the
enforceable obligations of the former Redevelopment Agency.
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE
CITY OF PALM SPRINGS, ACTING SOLELY IN ITS CAPACITY AS THE
SUCCESSOR AGENCY OF THE PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY, DOES HEREBY 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 18-19 A
and B) for the period of July 1, 2018 through June 30, 2019, attached to this Resolution
as Exhibit A, is hereby approved.
SECTION 3. The administrative budget of $250,000 for the period of July 1,
2018 through June 30, 2019 is hereby approved.
SECTION 4. The City Manager 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
Resolution No. 24356
Page 2
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 5. In retaining the responsibilities of the former Redevelopment
Agency as provided in California Health and Safety Code Sections 34173 and 34176,
the City Council expressly determines, reaffirms, and ratifies the statutory limitation on
the City and the City Council's liability in retaining the responsibilities of the former
Redevelopment Agency pursuant to 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 to the Palm
Springs Community Redevelopment Agency as provided in this Resolution.
SECTION 6. This Resolution shall take effect three days from adoption.
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 24th DAY
OF JANUARY, 2018.
DAVID H. READ , ES D.
CITY MANAGER
ATTEST:
(ANtHON M C
CITY CLE
Resolution No. 24356
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, ANTHONY MEJIA, City Clerk of the City of Palm Springs, California, hereby
certify that Resolution No. 24356 was adopted by the Palm Springs City Council at a
regular meeting held on the 24th day of January, 2018, and that the same was adopted
by the following vote:
AYES: Councilmembers Holstege, Kors, Middleton, Mayor Pro Tern Roberts, and
Mayor Moon
NOES: None
ABSENT: None
ABSTAIN: None
THONY J. C
CITY CLE K
Resolution No. 24356
Page 4
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 18-19
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): 8 1,616,785 9 - $ 1,616,785
B Bond Proceeds - -
C Reserve Balance 1,616,7B5 - 1,616,705
D Other Funds - - -
E Redevelopment Property Tax Trust Fund(RPTTF)(F+G): S 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): $ 4,750,650 $ 3,366,038 $ 8,116,688.
Certification of Oversight Board Chairman:
Pursuant to Section 34M(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..
/at
Signature Date
Palm Springs Recognized Obligation Payment Schedule(ROPS 18-13)-ROPS Oscar
July 1,2018 through June 30,2019
(Repon Amounts in Whole Dollars
A B C 0 E F G H 1 J K L M N O P O
18-19A Jul -December
Fund Sources
CorCaYAaeemeM CgrbXbelgreemeN Total Wblananp R."1849 1819A
Item♦ PmlaN Nama9eN Chloa9an OMgoor Type. Fiedum Data Telmnaloo Date Payee OeacdptloNProjad Bwpa Pored&a. Dell or OW, Reerad I" Bond Protteds Renrve Rdence OthrFurda RPTfF MrNn RPTTF Taal
5 SZU9,163 S 01I6628 1 181 M 3 - 3 9068 W5 S 125000 3 4750
20D7 Tax Mockler,Soon,Fares Borce heart On ce Before GdB=7 9H2OPI US a Ce 1 -
x00T Taxable Take Almaden Bond, Bands laved Ca or Belle 911114I0T 9/12011 US Bank Property AcyulsNm WWI 2,8A 5M N 3 1M.etM 121.W. 5 121,Bg5
Bad.,B 1221110
5 Housing Odenal Repayment LMIHF Loans 1111199fi BF302W7 PA.Swnm Honag Pre-19B85et Wlde De/runt Merged 1 Y $ - 5
Succonor
fi 2J01 Convention Career Bantle Bmtl Ramhewm•a 5132 1111/ CRY N PNm Spends Agency Cmtn4Rwl.Coaerrin MAW N
Semenn Center rx m 9
y Cdntrett Semcn-Financial - 9222010 91302019 Harrell&Company Bands De n Roo
m Merged((Merged2 108,50 N 3 3,600 $
Adenors
a cortraG Services-Rebate - s 15,Y2010 M2 a WNtle,Roanpd Serrlrna Bartle Reeds ComWOrg S. Merged Waged 24 told N 3 2aM 2501 S 2,500 '.
CeRNetlnn
Bond Truetee Fees 7eee 5110rz004 1111QO34 US Bank Bonds Ti,ete,Feed Minced Ifidid ed2 138w N $ BB00 5 501 3 550C
11 Oiepont on and 0eve1oCment us se I'Ieen9ve 1b52g05 911=2 Endure lnvenotMe (Inane.al 4,,saance(10 Year) Merged1 560,000 N 5 140,000 140009 $ 140,000
reemrot neemenh
12 Ckdmr Paadoaam A9reemant Baunesalrcenove 11190000 wtv:?019 AP Maas Flrwre4d Aaddares WWI 228,000 N 225,000 �I
A,nownerns
152007 Taxable-ax Alacato,E.,ds. Bond.Issued On or Before 9I18,2002 9I12034 US Bank Property Mlaaedir Mitotic Y $ - f
sene.c !Mono
16 r
e m ne fa Rem m bu,seand "niodanot 12362UCfi 6,302037 O or PA.Sm,, PSL-238 Lease Mooned2 N
17 W04Cemenacn Center Bartle Bone Rannedaemem 552001 11I112034 City 91 Penn,Spnree Agenq Cdn,ndueon ld Loasnapn Me1ged2 N
ann Ceder fEaterande
IB Cannot S.mces-fananclal Pee s 922201E 68=019 Harrell&Company Merged2Bonds Dniuosura/Rlt d Merged2 Y S - $
gdvdan
Batl Truetee Fen Fee. BI1 B2o04 11I12034 US Beek Minced!2 Bond,Trade.Fee. Mince,32 Y A -
33AdINnlateloie Coe,Allpwentt Morin Cben 2/12016 6202ole Ottv 0 PA.Smoot O,,hore Coet NlecallaNSalanes Meeedll Mved2 4125000 N 5 Mots M000 S 1 am
L ... LNIHF Loans 5PY1990 1111t2015 Palm Spno,Housing Loan to Merged Protect No.1 Morcott
Successor
35 Aeeentern for Ramha.emeN CdrCpunty Loon(Poor 1winvidll 1111=35 C,N Palm Swrips Staten Cmn-Wade Wale, Mergedl Y
=811 11.C.",eo,chi a thestreste,Fund Traaegeof Fund Loen
35A nera.m for ReimbumemeN CaNicounty won woor 10/1511"1 111IM35 Car of Pam Sponge Ra1M Lmb-VAda Warr Merged2 Y
bat Mherch.na Weeteanner Fu,M TndmenFmdLoan
32 ApaameMla RMmMsemenl Q1,JObdPN Loan(Prlm 9 lim lllIM35 Gty N Pam Sp'nay Pin)ltt Ceara-Wesn Wale, Merged2 Y
C4rzN11 Cash..&. a LNsirvrzter Fund Indent Funtl Loan
30 ON Loan..blotter QtXounN Loan(No, WIM(111 11/12035 C,a Pam Sptnos Opennng a"AIDNndraere,Coats Merped1 2.2S2.500 N 1,Me3afi 1815346 I.8I8.348
Mawl 11.Cash nown,ke Fa FY 20/0-11 Ommal Fvnd Loan
39 City Loan ell(merest ONIO.tedy Lee,(Pno, SIIWMI 1111=35 ON a Pam Sponge owidngend AemmWadve Corn Merged 151.fi54 N 151.4554 151654 151 am
I Bf11 Cnh inidnind. For FY M(PI1 General Fund Loan
40 ON Loan and Intend! Otyn.unh Los,(Pudr 6,152011 121IM35 ON of Pd.Swings Operating and Admadalrave Cmn Merge011Merged 2 N
0512 11 CaaM1 ache a For FY Mot 1.12 Cedars Funtl Peen
41 Apeemenl for ReandWsemen Cq,Cand,Lean l Pna 12,G2008 1111rz035 ON N PA.Spnge Preyrr,PMlon a PSL 2M. Merged2 N
Ol12N11f.Cash looluga Suddnatygty Fund Swlunetxkty ISpatid Revemrel Fund
Loan
432007 Tan Alt ocaem Banda.So,. Reserves 911B2W2 N12034 US Bank Pedant Far S.Ptembe l Dell Record Y $ 3
A S.M.
44200 Tereus Tao,Mocabon Bands,Reserve 2`1821107 Q,1,Ml US Bank Reserve fe,9saameer l LAM Wided1 124, N 3 124.809 $
Serve B Service
46 2WT Teach,Teo,Asken nBorxka Reserves 9/1B2m2 9I1rz031 US Bank Rnens for Seaemeer l Dads Merged Y 5 $
Sen.C Servitt
48 Pmp,ny Tao,-Cork A Bose PropM/Mdnbmtrtt 71IM13 B/3 019 Camty N SNemds Pmot Tun m Ayerrox Hod Land Marked( 4. N 3 4,000 2, $ 2.000
Pro. FindingPMP-Ctnanl haldlmen
w Property Tex-PSL 23B Rep, Property Marionettes 711=13 92012p32 County a RNatdde Properly Taxes m Pioneer llndar Willi N
PSL 2M Lease-Caren(wan ere
52 Hazer lnvntmere Lease rroperly Malntemres T202003 5212019 Hazer lovestrnenfe Lease of pope,hail, ,to Plaza Me,gedI Y 5 $
Theehe wed far..ad,
ti
Palm Springs Recognized Obligation Payment Schedule(ROPE 18-19)-HOPS Detail
July 1,2018 through June 30,2019
(Raport Amounts In Whale Dollars
I
A B C D E F G H I J R L M N O P O
1549A Jul -December
Fund Sources
CardreNAgkrao t ContrectrAgreanmM Tad Outstanding ROPE We 1e-101
hem9 Prolad NamarDeM W Don Oblwtlar Tyo, Fxaculfm Data TnminMon Der Payee Dwo r1i.n Proad Scope Prop Ana Ows a OMlpMlan Retied Toal Bond Proceeds RAI Baanee O81er Funk RPTfF Ad k RPTiF Tod
i n079,163 f 8,116,688 S f 1518785 S - f 301)8665 S 125000 5 47WAN
2014 SubordMa Tw Mp Refunding Bonds Issued 80192014 9112034 US Bank RaAnenring G2001 and 2m4 Bonds MerpollMmpd2 16.M,4W N f 1556,150 SOS &Qr5.700 1.310.1,00
Bonds ASwdW112
Cudrad SAwas-RrarMal Frank 9'I112010 6130.2019 Harrell&ComPerry, 2014 Bonds Dficoas.Ruing Wryeall"gM2 Y 5 - ! -
Adylaors
a annead SaM.-Rebate Few 6 111 6JD20111, Wk,cn Flnandal SeM. 2014 Bands Rebate Concord Ningi l"gad2 Y
Calouago SaMcw
65 Bond Trustee Few Fen &192014 74 US Bank 2014 BOMa Tmeae Few M 11 Merced 2
W 2014 Subednale Tax Mention Ra W92014 fln72034 US Bank Raeema for Seplember l DeM Wmedll Merged2 I.M5.4M N f 1,345,450 S
Bonds So Mca -
70 LRPMP PropM Prapnty Maintenance 7MMla 67JWX2U ahapelm Sploga Maintenance cons an AgerxT Hdd Mardedtl Merded2 11. N f 11,Sm 5,7 i 5,T50
ProfArty Parking Die
TI LRPMP Propadb Proper,Dispows. ]I1201S e/d6202D To be dNerminad Caen for DswAton or Agenq Red Wmed1/MergM2 9,M N S 9,gm e, f 9,8m
NW,-Apaaleak,As moons,
acaina Coate etc
2017 Tax PRPI Warning RMundnd Bends lanced! 11MI&I g ao2 US Bank Reason g 2m7 Series A Boor Weed1 15.008.600 N S 07,im 633, S s13325
Send.Bad.A Mer W7112
74 2017 Tax Moceeon Rafundnd Rwervw 11M512017 9112034 US Bank Raaene 10r Swiamber 1 DeM Wryed 1 529,37 N f 529,075 S
Benda Was Se in.
2017 Takede Tar Oiaabdn Ralnding BeMaluuM 11115201] 9/12D34 US Bank Rabrandng 2m7 SMw A Boone Merged2 8,011 N f 496,257 358, 30,117 f
RehnM Bgnds Sedesa ARar621112 _
70 2C 17 Takade Tax Moreton Rw. IIMWO17 9112034 US Bank R..la Swlambor 1 Debt Merged3 354n8 N i 3SaM i
Rwitandi Sonde SMnB SaMce
PProp"y Tw-Cork&S.Wk Prop Mdnlananp 7AWB &392019 aty of Palm Sale, Rdmburaa Admin MaYarNa Charged Msn"Ill 4g N S KS 49 f /Be
Property fa PrppeM Tax In&ow d POPS
17-18 EaBmMe
i to 10m i 1D,000
79 LRPMP Profanities Prop"Masanmke 7M21S 219 To determined cel wo
P
1
Palm Springs Recognized Onli gallon Payment Schedule(BOPS 19-09(-BOPS Detail
July 1,21119 through June 30,2019
Report Amounts in Whole Dollar
A B C C E F G H I J K R S T U V W
18-19B Jenua -June
Fund Sources
CadrscUAn Bill CprBadfAWeer.M Tatd OuhbrMnp Total
Total
Ihme Projed MmdDeM OdipWen DUMdIot TYp Fxscutloo Dale Temknetlin Dale Pay. DnMpkervProleC Stops Proleet Area Dalloo OMgatloo Retlretl TeNI Bpq Prppzdl R.wsBdzna Dmx FOM RPTTF AONn RPI'iF Tab(
SI D]9183 S 6116688 3241.m 5 ij 5 IMAM
ntl On or Befor, 911MW Will US Banka Proepar Y
2001 TueMe Tea Muoenon Sorb,Bond,leaced On or Ware WIW2pW WIM34 US Bank PropMy AetulaRon MxgedI $890, N 9 176.614 51, S 54.6
SenesB I21J1no
Hous,Bahama Repayment LMIHF Lae. 111/1996 MM037 Pdm Spends Hp.ln9 Pre19665x"Ide Dxerrd Mar9tdI Y 5 S
S.-..r
620(l4 Comerdon Center Banco Bard Remburxment Eli 111120N Ciryol Pdm Splrga Agin,ContnWkon to C9ma16on Meniadl N ---
Aaacemenh Carver Exrossion
]Contract Sarvjtes-Fnanc,ar Fees Si W302019 Hand 9 Company Bonds Dixloaure Mien, Max,ise Warned2 108,WC N S 3,600 3, $ 3.60
A&M.
8 Contract Service-Rebate . Will 50]111za019 Nedan Flnancal Strauss Bootle Rebae Celeuling Sia. Alleged/A'Mryad2 24.00C 2,500 9
Calculafian
9 Bend Trustee Feel Fees W16r2004 11112034 US Bank Bonds Tr.tae Fen MencedWanted 2 1360 N S MID 33 9 ]
11 Dspavnon and Development Business lncenYve IVI2005 9112021 Endure Investments Flnanaal Assistance('.D Yearl Malted 560000 N S 140,000 $
Areement <,,,Maata
12 Bar.Per6dpetion Agreement. "Feel Vernon, UIS2000 BrJWA19 v1puolan Fi.rvd Assistance Mallard MJ100 N 225000 225,000 22S,M
mental
152D37 Taxable Tax Mutation Bonds.Bonds Issued On or Berore 91182007 911Q034 US Bank Property AtRalenon Merged Y S - S
_ s_e_ne.c 1201110
-- 16Acciancent for Rarmbur.ment Mecdinal 12A2006 G130f2037 Dry 0Pam Spenns, PSL-235Leses Me tl2 N
17200a Co."da,Cants,Bon. Band!RNInbunamenl Siffli 11/12014 LSy d Pdm Spoga AWp,,D,MMampamCMsmton Merged N
nemeal Center
10 Cdnbect serrcas.Financial -sea 4/22MIC fi13ai Harrell A Company Merged 2 San&Ceps..Rep, Merped2 Y S - 9
AdOrl.re
20 dTruatea Fe. Fees I'llf" 1 11112D34 US Bank Marted 2Bmda TmaM Fen RI
Y - S
33 atlmlmslmnve Cast N.M. ".a Costa TI12016 W302019 G of Pa.S - Caniead Cold noceOaWSdano, 9125000 N 250000 125.000 S 0001
34 Loan LMIHF Lea. 5AW1996 1111R035 Palm Sponge Houang Lci to Merges Pnoi Na.1 Y S - f
MY
orP r
35 Apr.mw for Rdmbumema OryICamHLoen ith., 1WiW1pB1 11/Ig035 Ciry of Pdm FordSenator Pro1M Caste-W.N Nhin Y
6111 Cashexthan vbaa Pa.Fund TresUneM Ftmd Loan
35 AQeemw to RamWnemmr CIrylCamry LoonlPnp 1Wtbtml 11O2o35 OMdPelm Sanrrg4 Propel C.N-Neste Wets, Y
03nith1 Cava,nonlin NYrfewelx Fund TrealmeMFuntl Loin
W Aoaxrnrlt 1p Rembunemenl cdyn.nry Loan ode Sra21993 1111(10J5 CIry Of Pdm Spai Project Gots-Vents Mar Ol5n8 Cashnchin W zrvvrur FW Treetmed Funtl Loan
39 Gry Lean and loa l Glynsurry Upon(Pnp 6152011 1111R035 Gry d Pdm Springs ampicyand Aamnalraove Cole 2,282606 N 1,9..]46082611 Cash eathar Far FY 2010.11 Gwi Fund Loin
39 Gry Lean cad lnlxeel Cij,,/ unry Loan(Prior WI5fa011 IIIW035 CryaPdmSprnga 011.01 and Ad.nvrsoveCash 151854 N 151.6m
0826N1 Ir Cax.then For FY MI0.11 General Fund Lon
40 Gry Lon and Interest Cigl my Loan lPrmr, W162011 11,112035 CM of Pdm Spugs Oparabng and A0ecoustranve Cols MergedlNeryed2 N
061 Caih either Far FY 2011-12 General Fund Loon
41 Alinement W Ramhrmemenl GlylC uy Loan(Prrp 12162016 111112035 Ca,or Pdm Spnrpa FrxMy Ponan a PSL 235, aul2 N
00281I U.Cash an"fal Statdretdkry Frxd SuntlnnNkry fS,ael Revenue)Fund
Loan
43 MW Tax Nlecabpn Benda.Sides Re . 9116200] 9012034 us Bank Referve for Sexemner l Deal rAerged1 Y $ g
A Swim
4420117 Taxable I.Nlacdlan Bonds Reserwa W18i wit US Bank Reearve for 5e9tem0er l Di Merged( 124,M N S 124,609 1N, 1, 1N,
Sid.B I Service
462007 Teal Tax Akonnpr Boob.Reawow WHICAW BHk6N USBank Reserve for September l Ded Mailed Y 9 9
Said.0 S.M.
48 Pro.,Tex-Cale 6 Bottle Property M9Mxrwrce 7I12013 W 19 County of R metal. Property Taxes on Ayenry Had Lard Mergetl l 4.000 N S 4.000 2.00C S 2,0M—
Properr, Pendn PMP-Curtent lnsM1kment
SO Plawaser,Twe-nL MPropeory Ro0eM k4erntanenca' ]n2013 6130110W Corry or RnnelW %opirry Teaea On PropxryUMer Merited!2
PSL 235 Lease-Cement l.taenenl
51 Plaza Inves'ment Lease 'rope,Mamtenente 7/3020a3 5131RD16 %aza Investments Lease of pope,adjacent to Plaza Merged 1 Y 9 S
Thinks used for access
Palm Springs Recognized Obligation Payment Schedule CROPS 16-19)-ROPS Detail
July 1,201 a through June 30,2019
Re it Amounts In Whole Dollars
q B C B E F G H I J R R 6 T U V W
18.19B(January-June
Fund Sources
CanVnnell. at. Comm rston emeM TaW diklaiMng ROTo to-19 16-1ee
Imm6 Proiea NemMRMOMg46m DbBPOm Type Faeul6on Dale TemkneGon t3M4 Pryea OesrnptlanRretad Smlx Plelederee Del a OHl9,163 Retired TOMI Bond Promeda Resem BaMnoa l3tlwr FUME RPTTF A6Mn RFTIF Te1M
40T91fi3 8116688 a 3 3 S 321103E S 1351100, 396B 036
W M14 Subordinate Tao Minorco Refunding Biondi,keued Mama WV2034 US Bank Margedll MerBW2 15,259,1 N S 1,586,15E 27SA 3 276,4
610
Bonds A SVM2
63 Created SeMnes-Mnendal Fen 110M0 Si HoeN a Cnmpel 2014 Bends Dbdesure OMartg Merpadll Merged T i i
Aa,fae
61 Contrad Sarvlces-Rebate Fees 5414010 Mama Moan Flmndal S.M. 2014 Bands,ROWM C.Wdng McWMlMaged2 Y i - i
Collation some"
SSBOnd Trustee Feb. Fees Mg2014 W12034 US Bank M14 Bwak Ttulee Fare M,,rjad1/Mkxba,2 T S
]Oil Siteardnne Tax Aloonen R. Memo M72034 US Bank Reserve M Serenades,l OeM Merged1/Maged2 i.SUSeSaI N S 1.345,450 I.M5.4 B 1,3a57
Bonds S.Mce
70 LRPMP Properties PrW"Mwffink . T/tme BI902020 Q!,of Pa.Spnnpa MNMenence Cmle on Ark,,Had Mergedt/Marged2 1 I'M N i 11,SOo 5,750 S 5.7
P pe,,,15no De on
71 LRPMP PropeMea 5namy MFm,d T/ims 6302020 T.W determined! Coshfor Ohpnaaenef Agenry HMd 7.rgedt/M.rged2 2,Nc N 3 9.951) 31M 3.15
P,upety-AplaaleNe.We!epoft.
CMkrn Costs.eft,
73 2017 Tex alecaann Refunding Refunding Bode lesued IM5RM7 W1R034 US Bank Re6nanang 2007 Ssdes A Banda Mergedt 16.006500 N $ M7700 234,"S i 2M,37
Bonds SerieeA After 527/12
742017 Tex Alocatlen RefwMng Regimes 11/1520/7 9f1m4 US Bank Rnerve fur Seplemaerl Del Meryedt RD, N $ 529,375 529,375 Is529,37
Benda SedesA Service
752017 Taade Tax MocabM Reb M M Bdnhheaetl UMS2017 WiQG34 US Bank Re6nennng 2007 Series A Bads Marged2 B.B66,758 N f 468,257 79,48 $ 78,4E
Refundin Bonds sod'.B Mxa7i7112
76 M17 Toned.Tax ABondon Re.was 11/157017 W1Rg3{ US Bank Reserve for Segember l DeM Mail 354.4 N $ 354,405 354A6 S 354,48
BefuMln Barb 3e0es B SeMu
77 Propel Tex-Cork A Snde Prnpedy Ms T71/J01B WJM01g City 9r Penn Spring, Re r.n.eadn Alenfnn Cherged Merged 1 49 N $ 498 $
Propel Ice Parent,Tax In Eames of RODS
17-16 Estnute
76 lRPMP M.,Ma, Property lddnbn. 7MW8 5,30201E in be delnmined ,]edncel Wing for Cork 6 Scale Mail la.la.Mi N 1$ 10,000 i
property
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
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 15-16 Actuals or before or after balances reserve for future grants, and
07101115.061301161 1213100 01/01111 retained period(s) interest,etc. Admin I Comments
1 Beginning Available Cash Balance(Actual 07101115)
1,042,886 1,324 1,127,077 1.525175 95,641
2 RevenueAncome(Actual 06130/16)
RPTTF amounts should tie to the ROPS 15.16 total distribution from the
County Auditor-Conlro8er during June 2D15 and January 2016.
3,790 17 - 41432 3,176,153
3 Expenditures for ROPE 15-16 Enforceable Obligations(Actual
06130/16/ Col C-Expense remaining 2007C Bond
Proceeds of$1,046,630 per Bond Expenditure
1.046.640 1,127,077 1,509,469 2,074,127 Agreement
4 Retention of Available Cash Balance(Actual 06130116)
RPTTF amount retained should only include the amounts distributed as Col -Amount shown 16-17 paid from Other
reserve for future period(s) Funds available from 15-1 Col H-PPA from 1
16A of$3,759 plus$1,177,875 reserve for bond
36 1.341 57,138 1,181,574 payments in 16-17A
5 ROPS 15-16 RPTTF Balances Remaining
No eniry requ red
Col H-PPA from 15-1 BB+Enexpended Reserve
16,293 Balance Irom 15-76B
6 Ending Actual Available Cash Balance(06130116)
CtoG=(1+2-3-4),H=(1+2.3-4+5)
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