HomeMy WebLinkAbout1/24/2018 - STAFF REPORTS - 1.B. � c
U N
SUCCESSOR AGENCY STAFF REPORT
'tir a�
RATE
cg41FORN'P
DATE: JANUARY 24, 2018 CONSENT CALENDAR
SUBJECT: APPROVAL AND TRANSMITTAL OF RECOGNIZED OBLIGATIONS
PAYMENT SCHEDULE (ROPS 18-19A AND 18-19B) FOR THE PERIOD OF
JULY 1, 2018 THROUGH JUNE 30, 2019, PURSUANT TO SECTION
34169(G)(1) OF CALIFORNIA HEALTH & SAFETY CODE
FROM: DAVID H. READY, CITY MANAGER
BY: DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT
SUMMARY
Under the Redevelopment Dissolution Act, the Successor Agency is required to
approve a Recognized Obligation Payment Schedule (ROPS) and submit to the County
Auditor-Controller, the State Department of Finance (DOF), and the State Controller's
Office. After review and approval by the City Council acting as the Successor Agency,
the ROPS must be approved by the Oversight Board. This ROPS covers the period
from July 1 , 2018 through June 30, 2019, separated into two six-month periods. The
ROPS will subsequently be presented to Oversight Board and submitted to the
Department of Finance and County Auditor-Controller prior to the deadline of February
1, 2018.
The Successor Agency is also required to approve an administrative budget in an
amount not to exceed the maximum permitted under the Redevelopment Dissolution
Act.
RECOMMENDATION:
Adopt Resolution No. "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) AND AN ADMINISTRATIVE EXPENSE BUDGET FOR THE PERIOD OF
JULY 1, 2018 THROUGH JUNE 30, 2019, PURSUANT TO THE CALIFORNIA HEALTH
& SAFETY CODE."
F EM NO. �-
Successor Agency Staff Report
January 24, 2018-- Page 2
Recognized Obligation Payment Schedule 18-19
STAFF ANALYSIS:
The ROPS is the document used by the DOF to determine the amount of
Redevelopment Property Tax Trust Fund (RPTTF) moneys the Successor Agency will
be allowed to retain on a six month basis to meet approved obligation of the Successor
Agency, as well as the amount of the Successor Agency's allowable administrative
budget.
ROPS 18-19 is segregated into the two six-month periods — July to December 2018 and
January to June 2019. ROPS 18-19 must be approved by the Oversight Board and
submitted to the DOF no later than February 1, 2018.
After approval by the Successor Agency, the ROPS will be submitted to the Oversight
Board and the Department of Finance for review and approval.
FISCAL IMPACT:
The total enforceable obligations for Fiscal Year 2018-19 are $8,116,688. The
obligations are funded with a combination of RPTTF, funds unspent in the prior ROPS
period, and bond reserves funded in the prior ROPS period as required by the bond
indentures.
The maximum amount of the allowable administrative budget for the Fiscal Year is
$250,000, which is allocated to salaries and benefits as shown below:
40000 Salaries $175,896
41450 Telecommunication 258
41600 PIERS Contribution 47,418
41700 Medicare Tax 2,551
41900 Fringe Benefits 23,619
41930 RHS Health Benefit 258
Total $250,000
The maximum allowance for administrative costs does not cover the total of such costs
incurred by the City to administer the winding down of the former Redevelopment
Agency's operations. Additional expenses not covered by the maximum allowance
include additional salaries of personnel allocable to the Successor Agency, legal costs
of the Successor Agency, costs to prepare and administer the ROPS and audit of the
Successor Agency's financial statements, which total approximately $50,000. Such
costs are paid by the General Fund. If any of the $250,000 allowance remains after
payment of salaries, any amounts will be applied to such other additional administrative
costs.
02
Successor Agency Staff Report
January 24, 2018 -- Page 3
Recognized Obligation Payment Schedule 18-19
Jay Vraa Geoffrey Kiehl
Diref Community and Director of Finance
Economic Development
David H. Ready, Esq., P Marcus Fuller, MPA, PE, PLS
City Manager Assistant City Manager
Attachments:
1. Resolution
2. Recognized Obligation Payment Schedule for Fiscal Year 18-19
(Exhibit "A" to the Resolution)
C3
RESOLUTION NO.
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) 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(I) 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
f✓ �
Resolution No.
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. READY, CITY MANAGER
ATTEST:
ANTHONY MEJIA, CITY CLERK
C
Resolution No.
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. _ 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:
NOES:
ABSENT:
ABSTAIN:
ANTHONY MEJIA, CITY CLERK
City of Palm Springs, California
C6
Resolution No.
Page 4
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 18-19
07
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
1849A 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): $ 4,750,650 $ 3,366,038 $ 8,116,688
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.
Is/
Signature Date
a
00
Palm Springs Recognized Obligation Payment Schedule(ROPS 1849)-ROPS Detail
July 1.2010 through June 30,2019
(Report Amounts in Whole Dollars
a 8 C 0 E F O H 1 J K L M N O P O
18-19A Jul •December
Fund Sources
Carracl/Apeemert ConerrattiAgrromeM 70M Outstanding RODS 18-19 10.1B11
ham# Fresco Narne,004 Clause.. Odegaeon Type Exaarbal Date Tarrnnween Dab Payee Dwaipaafferaind:Scope Protect Mee Dell or Obligebon Runnel Total Bond Prosed Reserve Balane Cons,Furrda Ad RPTTF men RPFFF Toed
S 52079163 S 8 116 688 E 161 ]B5 f, $ 31916865 i 125W0 $ 4T50850
W]Tax Alaceean Bond Swws Bond baueal Ona Nora 9I192007 W112034 Us Sam e" Pr sale WPNKI 1 Y
2W]Taxatle Tax Mocaeon goad.Sondluued Odor Sefore 91182001 &12034 US Beek Pro,"Acq-ieiion WriterI 2,M.S N $ 175614 12180 S 121,e05
S..B 11 31110
Horeing D.ferrd Repairers LMIHF Loam 11111996 6,M037 Perri Spangs Harting Pre-1986 Sat Aaide DelenN Merged t Y £ - $
SuWMaor
en0on Merge0l N
Contract Serviws-Rnartel Few 9ra201g 6r 2018 Hand S Company Bond Disclosure ROng Merged 111iierged 2 108.50 N E 3 60D S -
AMeoA
Colonic,Serves-Rebels Few 61 210 BI30MIQ Whalen Firenze!Semrs Roeither.a Re Conarlerp Salina Merged LMergad2 24. N $ 2 500, 2, $ 2,500
CalcMaBen
Bab Tmrro Fro, Fees 50162004 11A(N34 US Bank Bond Trustee Fees Me d1/Mar 2 130 N am5500
11 Dieasieonede Dwelopmers guineas lnsrNve 12IY2006 9/12022 Elders ln,lish ri FinancialPaiabnce(10 Yeah MergedI Srb. N S 140,000 140. S 140.OW
A rie n. iisnuannurts
Par9clpaEm 0.4wtrrd"
is t9o1 1azane la=wmsaxon Bonds Bond lwusd Ona Bade N182WT Bn2W4 us Bank ene Prop Secure. Merged2 Y
'20W '2131110
16 A regiment for Rejmbu.nd of Palm SiIIIIIIIIIIIIIIIII 2 -'
17 2004 Convewo,Center Bonds City of Palm
18 Contract Service-Financial Few 9=2010 6,30":5119 Harrell B Compam Marginal 2 Bond Disclosure RiaON Merged Y E - $US
Bond Traebe Fees Few &IM16/ 11n203d US Bonk Moroni 2 Band Trustee Fees Mer d 2 N E 8
33 Adminiztrabve Coss Nlowance AOrmn Cwh ]"Im 1111=e C M,dnW - Overheatl Cost NlotatioNSalariea Mer dll Mer d2 4125,W N $ 250000 125930$ 125000
b I oan LMIH�Loam SRIIIKB 11/12036 Palm Springs Housing LOan'O Merged Projec'No 1 f4erged 1 V E - 8
35 AgsmeM fr RdmMax elm,ash I nP Preto Csb-Wt1ab Walr Mergetl i V
061&11 Cash amha "' �-" '` ' �"'" � FurM TrwbsM Fund Loan
36 Agreement ror Rembaeemenl C0W.,uay Loan W,ur 10,16,1991 1112035 aw a(Palm Sprjngt Frei Coeb-heave,Water Me19e02 Y
062&11.Ceahexchan WOtin,nter Fund Treatment F and Loan
37A,surentfor Reurandell.0 OdyfiCuuMy Loan(Pna 02 1983 11/12035 Car of Palm Sprees Project Coals-Waste Wafer Merged Y
06201 I)Cashexchen Wactevreter Fund Treabrrem Fund Loan
38 City Loan and Interest CdnCouty Loan(Pna &ls(e'011 1111rid35 City of Palm Somalis Operaing and Admalobe ,Cods Misted 2282606 N 1641i'M6 t049m6 1848.346
062&11 C.h..dhan For FY2010.11 General Fund Loan
39 GI Los,and Interest Osiroudi Loan(Prior 61152011 11I12035 City of Palm Spun, Osreeng and Admidern ,Cosh Merged2 151654 N 151654 151654 151654
0 &l1)Gash exchange Fa FY 201D11 Gewul Fund Loan
40 City Loan and Interest Ob County Loan(Pna 6n15 11 110=5 Gtyot Palm Synnga Opened,and Addmiliaen,Costs Mergedblo.rged 2 N
0512&11)Caah exchan Fw FY 2D11-12,General Fund Loan
41 Agreemers for Rambunsemenl CitylCoay Loan(Pna 12I82006 11I12035 Car a PNm Sludge Prepay Pollen of PSL D6. Merged2 N
062&11)..Q.1nedcnssg. Sunow.."Fund SadunadkN(S,,..l Rennu.)Fund
Loan i
432W7 Tac wlocaeen Bond Series Reserves 9t18,2007 9I1,2D4 US Bank Reservefor 6eptember 1 Debt Merged 1 e $ $ -
A Service
44200]Ta.U.TO Mocaoan Bond,Reaervns W11=7 9I12034 US Bank Reserve lei September 1 Debi Mrged t 124.80 N S 124,809 S series Service
2(XFr Ta ime TO Msato,Bard,Reeervw &162W7 WI2034 US Bank R.for Soberness 1 errs Merged 2 Y E S -
Sence C Sell
48 Propel,Tax-Corh fl Bottle Pro,,MeiMenerce 7112013 Br3O'cV 19 Course o1 Ri e.l a Propel,Tree on AWm HMd Land Mssged 1 401 N $ 4000 2. 5 2 000
Frnpi,ri, Perrin PMP-countlnetarmrd I
50 Propere2 Tu-PSL 236 Rppaly Property Manteresa. County of Wennode
Plaz --
..;i,, ..
5] alnvesimers Lease ProceM Manlsar¢e ]202W3 5r312018 Plaza Investments Lew.of aopady adpcwl b Flue Waited Y i S -
Theabe users fora.
C)
QD
Palm Springs Recognized Obligation Payment Schedule(ROP518-19)-ROP9 Detail
July 1,2018 through June 30,2019
(RepOrt Amounts in Whole DOIlam
A B C D E F 3 H I J K L M N 0 P 0
19-19A Jul -December
Fund Sources
CorrhacUA9reemenl ContractfAgreament Total Custard, Roes 18-19 1&iBA
Item% Prefect NamNBetR Oblrga O�NpaOon Type Exeaeon Date Tennnedon Bete Pryee DeacnpsorvAged Scope Ropd sea DeM or ONiga3on Reerod Total Bono Prpceed Receive Balance Other Funds RPTTF Adman RPTTF Toth
52079183 It 8118688 It 3 1818185 3 3 30M8885 S 125M00 It 41504150
52 M14 SubadnW Tax MocaUon Refund,Bond swued 81192014 9112004 US Bank RNrn.,M 21101 eW 2004 Bonds Nee ll Merp i2 16,250,4m N It 1,w,150 W5.w 805,7 i 1,310,100
Bend Mer32]n2
83 Cornmct Services-Financial Fees Q=J0 8x102019 Herat 3 Company 2014 Bade Uedwun Mar, Mingadll Wraid2 Y E - 3
Adv eom
Ba Conniner,iiery e lre -Rebore Fees 642010 6002 MAN 018 dn Financial Serviwa 2014 Bonds Rebatere CoJtinp Meryedl/Merged2 Y 3
CaivildaNtion Services
BB TrrTrusteeFees Fees 8/192014 9/12014 US Berk .Trustee Foes Mer Cll Mer It2 Y It
85 W2014 145ubprdnare Tar Notation Reserves BI1B201I Bl12oi4 US Bank Receve tar Septembert Bed Mergetlt/Mrp eed2 1.34545C N E 1,3451450 3 -
Band Seri
70 LRPMP Properties PrppeM MaiMmerks 711(1018 81,02020 Cityd Palm Spnn, Migierante Cnere on Aganry rgedll Me Had Mertptl2 11, N E 11500 5. I; 5,T5D
Ra Pasro pie Agree,
rti
71 LRPMP Propedee PropeM DepositiaH 112018 Bg0/1020 TO be dNermim.W Cape ry AMseen of Agerry Held Merged!MerpW 2 B, N S 9,950 8, i 6,800
Ucen.C ws,siealB,title repprre.
Qaain Cab eat
73 Bord,SMocaeon Ralundnfl Rotund,Mer&71 BardelawW 11/15(101] 9l1/NL t15 Bank Refinerrdng 200]Senee ABdnrh Merged! 18,006, N E BB],](q 633,32 i 633,325
Bond 9eileaA Res rie]l12
] 2017 Tax Mowtian Rafundnq Reserves 111152011 91t2Wi US Kink erve to September!Debt M Merp1 529,3T N i 529,3/5 $
Bond.SeriesS
A Service
75 2017 Taxable Tax Nlocetlpn Refundng Band lesrred 11/152017 9112M34 US Bank Retain erwn92M0]Senea ABOMe Me9M2 e.9155. N It 066.25] 353 055 X117 E 3BB.TR
Refurdn Bond Sen.15 ARer52]/12
201T Tevade Tar Macaem R... 11/16 12 91120M US Bank Reserve far September l 0e1ct Merged 35/.0 N 3 WAS E -
Relurrdn Bond SermB ISarx.
Pmp"Tax-Cork 6 Battle Property Maintenance 711=18 SrM019 Cey d Pelm Spiess Reim ree Adnln Moaance Cher9ed Merged l N i 4% 4 E 493
Property fa Property Tax in Excess of ROPS
t]-18 Examine
LRPMP Prapere. Properly MaiMenence T112018 8002019 TO M Oelens,sO lEhontd W.,he Cork 3 Sen. Merged1 10, N S 10,000 1-05,
3 10"
Pr
IF+
O
Palm Springs Recognized Obligation Payment Schedule(ROPS 18-19)-POPS Detail
July 1,2018 through June 30,2D19
(Repon Amounts in Whole Dollars
B C n E F G H J H R S T U V W
18.198(January-June
Fund Sources
CotracciAgreemeM CoraacOAgeemem Total Qdlan6rg ROss 1&Is 1&19B
Itma Pmpe Narmorl Chignon Otligadon Type Exaoudon Date Terminal.Dale Payee DewnpGodPropcl Scope Propel Area pad orObligaden Re0retl Total Bond Proceeds Reserve Balance OMe,Fund RPTTF Aemin RPTTF ToMI
521129163 a1166M - - 5 32d1038 11 12SMD s 336603&
211 Tax Adoration Bonds Series some,Issued Bank Cragetal Promote, glarl 1 Y
2007 Taxable Tax Mareeen Bondy Bonds Issued On w Wool Solufa 0] 0112034 US Bank Property Acquiiepn Merged ;e5g53 N S 176614 SC. f 6d,
Sedes9 12/31/10
3 Housing Gemini Repayment _MIFF Loans '1111996 ry302037 Pdm Sp rings Housing Pre-1986 Sat Aeid Defend Malawi V 5 f
Successor
62004 DarvtlrNar Center Bonds Bormid imWrsenwrl PaG/2007 Pdm SPtnga vedon
Y 7 Comi Serveea Financial Fees 9212010 � &30/M1B IWne08 Company Bends Pedmure lRabng TM Y Merged lANrpetl2 1w. N f 3,BOp 3, f ].
AM eon
Cmttrmt Services-Rebels Few SM2010 6'dOrN1B NNdn Finandi Services Bootle Rebate Cpmdtinp Sere¢a Merged lR.brped2 2d. N f ;500 f
Cord Trion
Band Trustee Fees Few Bn6/PO4 11/1(1034 US Bark Bond TrlutesFeee Mergedlgder 2 136 N 0TIM ] 3.70
11 dslmaeon one Devaarrnem Basnesslncermve 1215/2005 &12022 EMne lnveWmms Finandi Nistanae(tOVearl Manzi 580. N 5 140,OOD S
aemerrt Ara manta
152007 Taxable Tax Mocmmn Bones Hoods Issued Col do Before 9H8200] 9/12034 iJS Tank P»rem a.ouivaon Merged r 8 $
Sends -2131,10
18 Agreement for Rernstom meal Milani 37 Cr of Palm S m PSL-236 Lease -2 N
1]2004 Converroon Cenrer Bond 34 Cdy dPdm Springs nq Comnbwdnlc Comeri 2 N
•• Center Bigageon --.,.. .•.
18Caract ServC lno,a,,,.l Fees 922 me 5130CD19 Harrell B Company Meraed2Bonds Omsdmure Rating Mergedl Y $ $
Adl
23 Gdrd Trustee Fees Free NIEGON 11!12034 JS Bank Mel' d 2 Banda Trustee Few Mer d2 Y 5 S
33 Adnmistranve Cost Allowance Admm Costs //t2010 6/302016 of PAm Sprinds Overhead Cost Alonson5alseas Me, dll Mer .12 4125 N $ 250000 12,100 S 1250
34 Loan IMIHF I dare 55r1998 11 fl Q035 dam Spr ngs Housing Loan to Merged Project No.1 Mergedl Y S S
Su a or
35 Agreement Mr Rambururrmermt CJtyICo Loen Pro, Will 11MG(gi CRY d Palm Seems Plains Coale- Mergedl Y
)62W11.Casnexchan W hwater Fund TreaMeM Ford Loan
W Agreement for RemLxnwment Citvicuunry Loan(Prim t011611991 1111F2036 CM d Fdm Springs Hui Coe"-Wells Weer Wooed Y
0628I11 Cash exchan yardmaster Fund Treatment Ford Loan
37 Agreemem for Rembmsement OniCamty Lae.(Priar 822M%3 llfo 36 CM d Palm Spring Propel Costs-)Awl.Wetar 12 Y
O 128111 Cash exchange Wastewater Fenn Treatrera Fund Loan
38 Cey Loan and lmery CitylCounry Ldan(Prm 611620t1 ilmd031i City d Palm Springs Operatingand Adminsrrasve Cods Massed 2282.606 N 1,848,346
O11.Cash a.,legared Far FY 201 U11 Gwela Fund Loan
39 ON Loan and Interest C NICounry TomjPner &152011 11It2O35 CM of Palm Springs Cperadng and AdmiriMome,e Costs Mergedl 151654 N 1511
0611 Gash exchange, F.,FY 201 D11 General Fund Loan
40 Cdy Loan end Interest CirylComeo Loan Pa. 6I152011 11/12035 CM of Palm Springs OPe Hard Admmstraeve Coen ,lergedl/MergM2 N
OG/281111.Cash exchange For '12 General Fund Loan
41 Agreement for RaimWrsement OrdCouty Loan(N. 12/82006 11MG,z35 CM of Palm Spnrg Pf PSL 235,, Mergedl N
062EI11).Cash exchange SwMlruhllty To ea Revemwl Fund
43 2007T�,x Nocanon Bard.Senee Reserves 9118(1007 91'2034 US Berk ReaerW for September l Pont Merged Y b $
A Sense
04 2007 Tarade Tax ASoce0m Bmh Reserves 91182007 9112034 US Bank Reserve for 9adember 1 Deg Merged 1 124 SM N 5 124.809 124,809 $ 12480
Saner B I I Sersome
M 2007 Taxable Tax Moeaean Bmde.Reserves 91isi WHQ(134 usluen, Reserve far Seglemher l Debt Maged2 Y 5 - f
Series C Same.
Property Tax-Cork&Bor Prdpemy Mantenence 7I12013 63N1m9 Cd..,of Rlvemid Mop"Tun on Aaarwy Had Land Merged 4.001 N S 4,0011 2.No 2,5-0
Property I I Perr6 PMP-CtreM lratdmed
Propel minlursme Canty d Povemd
+.....4w.. ...o-,
Raze Inveshnent Lease Property Mintnance ]202003 ANNE 5/312016 r Plaza lmestmanh Leese of impady,agxw8 to Flue Megedf I Y S $
Theatre used for acts®
Palm Sgdnga Recognized Obligation Payment Schedule(ROPS 18-19)-ROPS Oehg
July 1,2018 through June 30,2019
(Re pod Amount.in Whole Dollars
A B C D E F G R 1 J R R 6 T 7U V W
18 9B(January-June
Fund Scumes
Gmxcona rCadent CuneeNApreemeM Trial Olo,,ti.n ROP618-19 Total
Item Projed NemdDetl Otliflabon Otlip�on Type Eaea2an Dale Termination 6ele Pryee OeacApGoNProjed Swpe Ropct bee Debt orOtliflaean Raeretl Total Bond Proceeds Reserve Balanx Wier Funds RPTTF Admin RPTTF Trial
O)9183 8116888 3241038 MOOD 13 ,M
62 201E Suburdnele Tin Aiocaton Refunding Bonds Issued 8/192014 &12034 US Bank gaanendnp of 2001 entl 20D9 Bonds Merpedl/Hayed 2 16.25).4511 N S 1.5116.150 ])5 450 3 "5,.ou
Bond, After 62)11]
63 f lmcl Santee,-Finance! F.. 92N 113 d130/2019 HaneN 6 Con" A114Bond Oiedmur.rRatinp Merpedl/IJa m2 Y S - $
Ad
U Camran Servlcs-Pebete Fees 8u2010 d302019 NNdcn Finendal6ervlms Send.b;Rebate Coreubn0 rl�,�d
ed] Y i i
CorATran Sarvioea
85 Bond T�uroleeate Fee. WIS2m4 &1Q3a US Bank 2ma,.I.,Tnmee Foes 2 Y
fiB BW14anc Suherdnete Tax Aloratlon Remrven &192ata &112031 US Bank ggmrkar or Segamberl CaM petl2 1,3.E N i 1,315,a50 1315. E 1,3a5ABontl, Service]O LRPMP Properties Promdy Mcmenance ]112018 Cny of Palm$Pine Propernarce Goatean oncon HeH ped2 11, N S 115W S.l i 5.]Pro Pendn Ue]1 LRPMP Rop.r9n Proprty Pfpoatiom ]112mB 8130lIOi'0 Toadelermined PCosts for ro"Opmadc A.rvy Hqd g.d2 9. N S 9,850 3.1 S 3,1Pr ng A4Wetcero.tlee reparu.
Cbei Loeb.etc
]320nds,S N9CMIOn R9Nndnp R.lndn1Borq.ls.usd 11n5/P1l &1lA30 U68ank Refinandnfl 20D]SaiaABond, 18.006.6W N 9 BB],]IXl 2N,3] i 2U.375Bd7h Sen<cA R B)YI/12
Ta 201]Te<Nacetlon Rehndnp Reserves 11/t5RD1) &1203c US Bank Rer,rce or5eµemberl Uebt 528.3/ N S 529,3)5 529.3] E 528,3)
Sane.A Semce
2mturd,Bo Ta Aanaetion After n1goods!Hued 11/152mT &12D34 US Bank Refinentlnq 200)6edes ABm� MeryM2 8.966.T N i afi8.25] 79.08._ E 7S485
Re17 T Bonin Aloca B Paa 521112
] 3m]Tuatleds Ban.. Reserves 11/'15201] &1RDb US Bank Reserve for September!OEM Meryed2 351,48 N S 354,aB5 36e.e8 i 354,4
RalaMl goods Cork
S S B Sentce
)1 PmpeM Tea-cork i Bottle Pr9cenY Mama.naMa 7I12mi 613p2019 City o/Palm Spriipe W Props.AQx i Alevarsa Cea9atl Mer11M 1 a N S <98 E
Rapem/ la 18 E"m Ter In Faues d ROPE
1]-16 EaSmele
70 LRPMP Prapartiea Property MMM.n.rN9 )I12mB 8)3ry1019 To Oft determnN PJeddwl Vadnfl br Cork S BotlN M.ryM 1 IBM N E 1D.000 i
Pro
N
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 onlyto 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 f ips(,; erut
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 CDR RPTTF distributed as Rent, Non-Admin
Cash Balance Information for ROPS 15-16 Actuals or before or after balances reserve for future grants, and
07101115-06130116) 12/31/10 01/01/11 retained period(s) interest,etc. Admin Comments
1 Beginning Available Cash Balance(Actual 07101115)
1,042,886 1 324 1 127 077 1,525 175 95,841
2 Revenuellncome(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 41432 3176153
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 1,127,077 1.509469 2,074,127 Agreement
4 Retention of Available Cash Balance(Actual 06130/1 6)
RPTTF amount retained should only include the amounts distributed as Cot G-Amount shown on 16-17 paid from Other
Funds available from 15-16;Col H-PPA from 1
reserve for future periods) 16A of$3,759 plus$1,177,815 reserve for bond
36 1.341 57138 1.181,574 payments in 16-17A
5 ROPS 15-16 RPTTF Balances Remaining
No entry required
Col H-PPA from 15-160+Enexpended Reserve
16,293 Balance from 15-16B
6 Ending Actual Available Cash Balance(06130116)
CtoG=(1+2-3-4),H=(1+2-3-4+5)
$ S $ $ $ $
t~
W