The URL can be used to link to this page

Home My WebLink About23960RESOLUTION NO. 23960 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 16-17) FOR TriE PERIOD Ur JULY 1, 2016 THROUGH JUNE 30, 2017, PURSUANT TO THE CALIFORNIA HEALTH & 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, 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. 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 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. SECTION 3. 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 Agency's website, and providing notice of adoption of this Resolution and such Schedule to the County Auditor -Controller, the State Controller and the State Department of Finance. Resolution No. 23960 Page 2 SECTION 4. In retaining the responsibilities of the Palm Springs Community 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 Palm Springs Community 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 5. 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 13th DAY OF JANUARY, 2016. ATTEST: NAMES THOMPSON, CITY CLERK L DAVID H. READY, CID�A ER Resolution No. 23960 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, California, hereby certify that Resolution No. 23960 was adopted by the Palm Springs City Council at a regular meeting held on the 13th day of January, 2016, and that the same was adopted by the following vote: AYES: Councilmember Foat, Councilmember Kors, Councilmember Roberts, Mayor Pro Tem Mills, and Mayor Moon. NOES: None. ABSENT: None. ABSTAIN: None. fkf ESTHOMPSON, CITY CLERK City of Palm Springs, California 5z/-�,s/2o�6 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 Current Period Requested Funding for Enforceable Obligations (ROPS Detail) Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources (B+C+D): B Bond Proceeds Funding C Reserve Balance Funding D Other Funding E Enforceable Obligations Funded with RPTTF Funding (F+G): F Non -Administrative Costs G Administrative Costs H Current Period Enforceable Obligations (A+E): 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 Payment Schedule for the above named successor agency. /s/ Name Signature 16-17A Total 16-17B Total $ 23,111 $ $ 23,111 3,046,459 $ 2,921,459 125,000 3,069,570 $ Title Date ROPS 16-17 Total - $ 23,111 - 23,111 2,470,074 $ 5,516,533 2,345,074 5,266,533 125,000 250,000 2,470,074 $ 5,539,644 A B Items Project NameVebl Obigston C D E F Contract/Agreement Comract/Ageeemem Obligation Type Executor, Dare Termination Dee Payee Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17)-ROPS Detail July 1, 2016 through June 30, 2017 (Report Amounts in Whole Dollar,) G H I J K L I M I N I O I P O 16-17A NomRedeydopmer¢ Prop" Tar Trot Fund (No RPTTF) RPTTF Total Outstanding 16-17A DeanPton1project Scope Prgect/vea Debtor Obligation Retired ROPS 16-17 Total Bond Proceeds Reserve Balance Other Funds NOM1Adnrh Admen Total S 107069.790 S 5.wad S - S - S 23.111 5 2.921A59 S 125.0011 S 3.089.5701 %200]Tax iad On or Before �9/1a?20 loca e Tax g2y({�y/igFs Pl,gdel-nue40n or Before 2W7 Taxable Toe WiAfSEE i161189 J161164 9I1B2001 9j1%�`.i� Ul;�ynk Cantal Proiecb Property Acquisition Ay,(y/I� Y(el9ed 'I11.2tl6.6'y 3,1494k SI S S - $eriesB 12/31/10 $ERAF Loans SERAFIERAF 4202010 613D2037 Palm Springs Housing Loans for Fy 2W9110 and 201 W 1 Merged 1.05545, N $ 1055,451 1055451' $ 1,055457 Housing Defnnl Repayment 1.M7HF Loan 1/1/1986 81.102037 Successor Palm Span¢ Housing SERAF Payments Pre-1986 Be Aside Deferral Mergedl 1.532 SO N 728,513 729,543 5 729543 Su xaMor 62004 Comardan Caere, Banda Bond Reimbunenpe 61iNMi007 i1/1203A Cty of Patw Springs Agancy Lontadl0on t.Canverrtion Mergedl 2].3W,OW N lAgesemama tamer Expansion Contras Serves - Pnancral Fees 9222010 6/302m9 Harrel S Company Merged 1 Bonds Dsdosure)Ratng Merged 1 34.20 N S 1,700 5 - Contract S..- Rebate Fees 61d 010 61302 Vylldm017 Financial Sempas Merged 1 Bonds Rebate Consulting Merged 1 15, N 5 2,500 2.501 $ 2,500 Cadw Bond ust.. Fees and Development Fees business 611612004 12/52W5 B/120232� �nduure lnvesMenk �ar1 5(A33(s'(aAE�a(tU Y48r1 Ige[�ed1 70, N 1<�,(id6 14(( 5 14(I,WO @Dspositon ^Pl'oent �Inscentive 9nrperg rmer PBNdpaU. Agreement r Fp�/e9gjwfn��e��sppsppneen0ye 11192000 6/102018 NP Motors Financial Assistance Merged 200, N $ 200000 5 - 1,ia.ment W7 Taxable Tax Allocation Bonds gdA651 E. On or Before 9/182007 WlIN34 US Bank PropeM A=Wstlion Mergedl 9,451, N S 17S407 SenesC 12131110 for Reimbursement Mscell.mous 121Enom 6/302037 CrN of Palm Spnvgs PSL- 236 Lease Merged l 4 263 88! N N S 147470 14747( S 147A70 CarvxNm tailor Bono Bontl Ralmbunamanl 6r6(M07 sly pt Palm Spnrgc /bang COMrilwtian to Convaenn Margatl2 8,3W 0W eemerds Agenc Fs on 19 C.mrad S.mm.s - financial Fees 9=010 6/ 02019 HHarre0 8 Company Merged 2 Bonds DsdosurelRamg Merged l 30.00 N S 1.500 S - lConinapt �bhN�dNdG4T embed Seneea- Servirn-tr dal Fees mm Costs (�f (9 Cosa Admfn Casts ��((��62004 BPi1M10 1/122005 ]/182W8 11/12034 17 17 �19 llS Bank ante Shc B)1 hard r� d(�A] dr All A HantllBLomPary fy}r p��%j Trustee Fees Ault SE(�ce General ,Counsel ROPS L�o ring 2 ! IMp)d ! �(�I 7 1l Me- a�edll MergEdte4. 35 14- n N N N 1. 5 �IDI�DII( 5 d, 0 193f 6 4 <II�JI 1900 6000 t9WO S 4W0 Admmishative Cost Pllovan.e Linn Admen Costs tM 1HF Lamp , „a,,,, 7/12018 8/3WM17 ptPemS Seines "' Housing Overhear, Curt Poject NSalanes Loan W Msrged Projept No. 7 Mar edll hta etl' 1 Merged 1 4525W N E 250000 1252U S 125.W0 M 24.503 N Successor 35 Agreement tut Reimbursement City/County Lean (Prior 10116/1991 11112035 City of Palm Springs pno'et Cosh Merged 1 4135W N 062B/11). Other Wasteyatar Fund 36 APeement for Reimbureamant Gty/County Lean Lena 10/1SM991 11/12035 City a Palm Spnvgs Project Carp Merged 413500 N 06728/11 Other Waateweer fund 37 Agreement for RemW,a.ent Coy/Courtly Loan lPnor 6722/1993 1IM2035 City of Palm Swings Propc[Costs Mergedl 4WOW N 0672d/11) Other Wastinater Fund 38 CAy Loan and Interest CirylCounty Lcan n'nor 6115/M11 11/12035 City of Palm Springs Operating and Administrative Costs Merged 1 1,553.913 N 0628111 . OUn For Fy 2011.12 lean aM IewNt C83'/O.tad)I Lan (Riot 0GD51 CM of Palm Springs Operating and Adlupabatw Cosy Merged 2 1 N Nam Fee For 2011-12 wary Loan aria r mares, ylwrngr Loanlrrpr orner., nnlews ury orrarm .pangs trperaeng am. wammrnrary. �oxm merge.......... <An,Im ry i - a WI. Other (^Vgreement far Reimbursement Unity Loan(Pnor 12060005 11/12035 City of Palm Spnngs For FV 201111 Prepay Portion of PSL 236 Merged N S - S ]]1). Other Smt7 iN Fund 4�.Z007 Tax Allocation Bontle, Series . 9/102007 W12034 US Fla for Sepber teml Debt Merged 1 659,51.rf N S 659614 S SRpeceive 4CZW7 Taxable Tax Allocation Bands, Reserves 91182W7 9/120M US Bank )%eve for September l OeM Merged 118,W N S 118641 5 We. B Service 4WW7 Taxable Tax Allocation Bands, Read,. 911 B2007 w12034 US Bank Reserve for September l Debt Merged 346.407 N $ 34640/ 5 Seri Service IA B C D E F G Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17) - ROPS Detail July 1, 2016 through June 30, 2017 (ReQort Amounts in Whole Dollars) H 1 J I K L I M I N Contract/Agreement Commact/Agneemerd Total Outstanding hem# Project NzmdDebl ONigeton Obligation Type Exe bon Date Timmmiim Dale Payee Deacnptim/Project Scoce PralectArea Debt or ONigafion Refired 49 Property Tax -Cork S Borle Property Maintenance 7112O13 S/3a2019 County of Riverside PropertyTaxes on AgencyHdd Land Merged 1 15,00] N Proberj� Pi ndn%MP- Curterslnsta iment Procez Tax -Cork S Bon. Reserves 7/12016 6nJ02g17 County W Id verads Reaarv9 or Next Installment of Merged I Y Proberp' Probe Tax on Item 48 Procerly Tax -PSL 236 ProceM ProceM Maintenance 7/12013 fi/d02037 Count' of Rrversitle Proprly Taxes on PropeM Under Merged 2 275. OODJIII N PSL 2W Leese- Current Instalment 51 lProperty Tu-PSL 236 PropeM Reserves 7/1=6 M02017 County of Rnerside Reserve for Nabs Instalment of �erged2 Y ProoeM Tin on Item 50 Plaza TneMre- Insurance PropeM Maintenance 7/1201e tsr r 17 City of Pd. Spnnge Insurance on Agency Field Properly Merged Y Pendno PIMP 5 Plaza Tbeane- Maintenance AopeM Maintenance 7/1/2016 SWAT? City of Palm Springs, Maintenance Cos, an Agency Held Merged? Y Utilities Property Maintenance 7/12016 6I702017 Desert Water PrqqpIrty Pendn/1 PMP Uttl�tez for Agen; Held Property Merged Y Penis qPMP Aazalmeatment Lease Procedy Maintenance 7/3012003 5 12018 Plaza Investments Leased Propertyadjacent to Reza Merged 19,8 N use d ed for access 6` 2014 Subordinate Tax Agocaton Refundng Bonds Issued 0/192014 W134 20 US Bank Refinancing of 2001 and 2004 Bonds Mergedil Merged 2 20.309,1N N Bonds After 627/12 6. Contract Services - Financial Fees g222010 - e/302019 Haned a Company 2014 Bonds Dedceura tRabng Mergedil Merged 2 30,0d� N AMicom Contract Services - Rebate Fees W42010 M0R016 Wildan Financial Services 2014 Bonds Reber. Cons Wing Mergedll Merged 2 15W N Calculation Sewen; r and Trustee Fees 14 Subordinate Tax Allocaton Fees Reserves SITRW14 S/lWM14 W12034 9/12a34 US Bank US Bank 2014 Bonds Trustee Fees, Reserve for September 1 Data Mergp�l! M:r-d Y Mer ! Mergetl Y 60. 492, N N Bonds smite 6d Capital Protects Bond Funded Aajsd—Pro 7112DIS 6(302034 To be determined Remaining M075enes C Band Merged Y nil Proceeds ' LRPMP Properties PloceM Matntenarxx 7/12a1B 6/902020 To be determined Maintenance Costs on Agency Held Mergedl/Mergedl 25, N Prope� Pmdn� Dorn ' 'I dRPMP Pm penes Property D,podtlom 7l72018 Br302020 To be determined! ty Dapoani nq Hdtl n Mergedil Merged 2 25. N ro s, Fencing PropertyAbists amino C etc Dosing Coats. etc - Advanculchng City for Property Maintenance iH2O78 1/12017 City of Pelm springs hae unsafe Wring Merged 23. N Bottle Butldng Fladnc Rewiring ammin and ne anipmcling andneeds ropersale', it is o«uped by a tenant ant N N N N N N N N N N N N N N N N N N N a 16.17A Nan-Radwalopment Property Tao Trued Fund (No RPTTF) Bond Proceeds Reserve Balance ONer Funds 4,11' 0 1 P G RPTTF 15-17A NonAtlmin Admin Told 20 8 2,000I b 5. b 5,0001 E -I S S 1 001 E 1.000 684 s 4,600 8W,20 E 809,200 s - E - 3.001 S 3.000 s - S - 5,000' S 5,000 5,00t E S,m 10,00I S laxii $ $ $ E E s S s E S - S E - f S E - E S S - $ Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17) - ROPS Detail July 1, 2016 through June 30, 2017 fRei Amounts in Whole Dollars) A B C D E F G H I J K R 1 S J T J U V J W 1647E Non-Redevolopment Property Tex That Fund (NomAPTTF) RPTTF ContractAgreement Cormaa/Agreement Total Oulstandng 1617B name Pmjerd Nime/Debl Obligation Obligation Type EKeputon Date Termination Date Payee DescnphonrProject Scope Project Area DeM or obligation 5 107$66�9�2j${ Retired ROPS 16-17Total SS 5.539.644 Bond Proceeds Reserve Balance Other Funds Nan-Admin - i S - E 2345.074 S Admin 125, S Total 2470074 _ �p�rl p 5p/tp� jJp `SOW Taxable lax Md2?\'ion ponds. Bondslssue�d (1n or Before 1MD07 �(� 9�/c'U34 US Bank ('y� J,�e w0lZ�iTy Acgti&Oon 1' r1 14ergedl -1,149,43C N N 5 I $ Senes,B 12131/10 �ERAF Loans SERAFIERAF 4202010 6/3012037 Palm Springs Housing Loans for FY 2009/10 and 2010/11 Merged 1 1 055.49 N $ 1055,457 S Successor SERAF Payments 611ousing Deferral Repayment MW2037 Palm Springs Housing Pra-1986 Salami Deferral Merged 1.532669 N 729,543 Successor 62004 Convention Center Bonds Bond RN lAgrearnanls 11/12034 City of Palm Spriega Agency Conliibu0on to Convention Merged 13DD,000 N Center Ex nsi on _".ontract Semces - Financial Fees w222o10 6/300019 Harrell & Company Merged 1 Bonds Disclosure Mining Merged 1 34,20 N S 1,700 1 700 $ 1,70 aa,onlracl Services - Rebate Fees h42010 8/30/2017 Advisors Nllesm Financial Services Merged l Bands Rebate Consulting Merged 15,001. N S 2,501.1 S CalcJalion r�and Trustee Fees Fees 6H P'ft2DIM 11112034 US Bank Services �Mr1(g{[1ryy��j l Bonds Trades Fees Me �yW1}}1 770 N §y 7�j� E T'UispaeNon and Cevilopmem Business Incentive 12WO05 B'120M Endure Investments MCI CI Assistance (10 Year) 179W I d4 N S 1�,I10U $ e7j/eementa 1,&��rfpemM er Participation Agreement 8� gusinew Incentive 1/1920w 61302018 IAP Motor Finandal Assistance Merged i 200 N $ 2D0,0011 200 W S 200,00 p�p�nants 1*,2007 Taxable Tax Allocation Bonds. ♦� M1dklssuetl On or Before WIM007 Wilmer US Bank Properly Acquisition Merged 9,461. Bo N E 176,40i 17641S S 1]6,407 �enes C 12/31/10 1a.mr.,tf.r Reimbursement Miscellaneous 1216200E 61302037 City of Palm Spnnp PSL-236 Lease voiced 425388 N 5 147.470 E 172004 Convention Center Bona BOM RalmWaement Ifl92007 11112034 (City of Palm SpdnW IAgenc to Convention a semen s'rii Expemionon (Mergetl2 18 Contract Services - Financial Fees 9222010 61302019 Harrell &Company Merged2Bends Oisdosme!Rating Merged 30,w N b 1.500 1.50' $ 1,60 AWisors 1/ Peird Trustee Fees Contract Services -Le/t� onOact Services - Financal Fees Admin Cosstz Admin Costs W162OU 1/cs 522005 ]/182008 11/12034 302017 02019 US Bank VJootlruff 1�5y (J�,�hartl HartAIB%omp5hy y�FT 2 Bonds Trustee Fees AGenera116P rvice's�ounsN BOPS C61{4-ulting �Me- 2 % J Me"n')Im ,J Me/gedh/Mel 35 1� N N 1 Iggl. (�I d S b Advisors 1 3 Administrurve Cost Allowance Admn Costs 7/'.2016 61302017 City of Palm Springs Overhead Cust Allocation/Salaries Meredt/Merged' 4625C0 N $ 250.0W 12500 $ 125,00 34 Loan LSBHF Lee. 5/611998 11/12035 Palm Springs Housing Loan to Merged Project No. i Me - 24,503 N _ Successor 35 Agreement for Reimbureeme , City/County Leon (Pnor 1011611991 11/12035 City of Palm Springs ProjsR Costs Merged 1 413500 H W28/11 01 Maffesvele Fund 36 Agreement for Reimbursement Oty/County Loan(Pnor 10/1Fi/1B91 11/12035 City of Palm Springs Project Coate Merged - r4135W N 082ffi116 Other Wastewater Fund 37 Agreemerd for Rembursemerd pty/Counly Loan (Prior S22/1983 11112035 Cny of Palm Spdn, Project Costs Merged 2 '000 N 0628/11 . Off1er VJastonester Fund 38 City Loan and Interest City/Cotuay, Loan (Prior W152011 11112035 CM of Palm Springs Operating and Administrative Coax Merged 1 3,913 N 0628/11). Other For FY 2011-12 39 City Loan and Intern! CityftCounty, Loan(Prior 101111). Offer 8!t 1 11y12035 tiny ofPalm Springs Operating and AcimmisVsffye Caere Fa FY 2011-12 Merged n MWA 40ity Loan and Interest CltylCounty Loan(Prior e/152011 11/12035 City of Palm Springs Operating and Administrative Costs Mergedl/Merged2 2,011.785 N $ - $ O6/2W1I I Other For FY 2010-11 411rragreement for Reimbursement Cky/County Loan (Prior 125200E 11/12035 Dry of Palm Spnnga Prepay Ramon of PSL 236 Merged 2 1,138,8-2 N $ - I $ 43Q007 Tax A4gcation Bonds, Series OS2W111 Other Reserves WIM007 gi,i Sustairebilily Fund US Bank Reserve for September l Debt Merged! See61'L N 5 Belli 65961a $ 659,61 A 4411 Taxable Tax Allocation Bond. Reserves 9/1820T, W12034 US Bank Service Reserve for September 1 DeN Merged 1 118,61 N $ 118,84% 118.B4I $ lie. 4 Series B 462007 Taxable Tav Allocation Bonds, Reserves W182007 9/12034 US Bank Service Reserve for September l DeM Merged 348,401 N q $ 346,491 3464Dr $ 346,40 ISenes C Service Palm Springs Recognized Obligation Payment Schedule (ROPS 18-17) -ROPS Detail July 1, 2016 through June 30, 2017 (RI fort Am¢"Ims In Whole Dollars) A B C D I E F 6 X 1 J K R I 5 T 16-17B Non -Redevelopment Property Tax Trust Fund (No RPTTF) ContractlAgreemerd Contaee ct/Agrment TOW Outstanding Item# Project Namei Obligation Obligation Type Execution Date Termination Date Payee DescriptionrProject Scope Project Area Debt or Obligation Retired ROPS 16-17 Total Band Proceeds Reserve Balance Other Funds roperty Ton - Cork & BoNe Property Maintenance 7112013 I63D2019 County of Riverside Property Tones on Agency Had Land Merged 1 15,0 NN $ AO t?roperly 4' rope Tax- Cork &BoHe Reserves 7M2016 PondmyPMP- Current Instalment I63WD17 County of Riverside Reserve for Next Installment of PropsT' Tax an Item 48 Merged Y E SL�lope�rP�t'' r.4Z Tax-PSL 236 Property Property Maintenance TMQ013 I6I3D2037 County of Rrversde Properly Texas on Property Under Merged Z, N S 17,0 P5L 236 Lowe- Current Instalment 51 Property Tax-PSL 236 Property Reserves 7M2016 I6I302017 County of Riverdde Reserve for Next Installment of Merged Y $ - L ProoeM Ton Item 50 5Flaza Theatre - Insurance Property Pro Maintenance IM2016 I6I3D20/7 pry of Palm Sponge Agencyon Insurance on Agency Held Prapery Merged Y f Mantling PMP S'Caza Theatre -Maintenance Pro Property Maintenance 7M2016 I630.2017 OdY of Palm Springs Maintenance Cash an Agency Held Merged V E - Pryyr� an no Sr�lltilhies Pmpedy Maintenance 7M2016 I6I302017 DesM Water ❑tili�or Agency Hol Hold Property Merged 1 V E 2M6 Pend" PMP 5 laza Investment Lease Property Maintenance 7/302003 5'912018 Pimalnvestmeds Lease d Property adjacent to Nana Merged 19,B011 N E 9,700 014 SubordnaN Tax Alocaaon Refunding Bonds Issued B/192014 B112034 US Bank Theatre used for amsa Refinancing or 2001 and 2004 Bonds /- Mergetlt/ Merged l 20,309,]W N $ 1,129,E onds AftX 627/12 ontract Services - Financial Fen 91=010 630/2019 Harrill B Company 2D14 Bands Daadosure Mating Mergedt/ Merged 2 30, N $ 1,500 SjContrad Services -Rehr. Fees 642010 6302016 Allison, 'MOden Finandd Services 2014 Bands Rebate Consuling Mergadl/Mergedt 15. N S - ,CalcAwon Services i ontl Trustee Fees 014 Subordinate Tax Allocation Fees Reserves aM92014 6M82014 9/12034 &12034 US Bank US Bank j014 Bonds Trustee Fees Reserve for September l Debt M�gwoed1/ Mergetl 2 - Mergedt/Merged 60. 492 N N i $ 3.006 492,500 Bonds Service Cap4al Foredo Bond Funded Project — Pre- 7t1=15 61=34 To be determined Remaining 2007 Series C Bondi Mergedt Y E - 2011 Proceeds AlLRPMP Properties Property Maintenance 7AM16 MM020 To be determined Mantenance Costs on Agency Held Mergedl/Merged 25, N s 7500 PryyRp�a((NN Pending DixrPs�tian t LRPMP Properties Property Dispositions 7M2018 6302020 To be determined Coate (or Diepostion of AgencyHeld Magnin/Mergedt 25.00E N S 15,00E PropeM- Appraisals, Fending, Clomno Cosh she " Advanceforthe Cityfw Cork& Property Maintenance 1/1l2016 IIIQ017 Cry of Palm springs 80 year dtl Wilding has unsafe Wilma Merged l 23,00E N $ 10,000 Battle Suildrg Dechc Reininng and neech repair before sale', ri is occupied by a tenant 71, N E 71 1 N i 1 N i I N S N i ��QIII N i 7 N i B N S BY N i N i 8 N i N i 8 N S - N i 8. _ -N N E 8 N N 97 N i - RPTTF 1G17B Non -Adman Adman Total 2,006 E - 2,00 6,006 1,00E a,906 320,404 1,50Q 492 500 2,5066 10,000 $ 1 $ 6001 $ 1 E $ 1 $ s 4.901 $ 320.41 $ s 1 S S 492,5jj� E 1 $ 2,501 s toaogl $ E E E S E E E _ E E S { S 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 I C I D I E I F I G F H I I Cash Balance Information by ROPS Period IROPS 15-16A Actuals ,07/01/15 - 12/31/15) 1 Beginning Available Cash Balance (Actual 07101115) 2 Revenue/Income (Actual 12/31115) RPTTF amounts should tie to the ROPS 15-16A distribution from the County Auditor -Controller during June 2015 3 Expenditures for ROPS 15-16A Enforceable Obligations (Actual 12131/15) 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) 5 ROPS 15-16A RPTTF Balances Remaining 6 Ending Actual Available Cash Balance CtoG=(1+2-3-4),H=(1+2-3-4-5) IROPS 15-16B Estimate (01101/16-06/30116) 7 Beginning Available Cash Balance (Actual 01/01/16) (C,D,E,G=4+6,F=H4+F4+F6,andH=5+6) 8 Revenue/Income (Estimate 06/30/16) RPTTF amounts should tie to the ROPS 15-16B distribution from the County Auditor -Controller durinr�q January 2016 9 Expenditures for ROPS 15-161 Enforceable Obligations (Estimate 06/30/16) Bond Proceeds Bondsissued on or before 12/31/10 1,042,886 3,776 Bonds issued on or after 01/01/11 1,324 7 Fund Sources Reserve Balance Prior ROPS Prior ROPS period balances RPTTF and DDR RPTTF distributed as balances reserve for future retained period(s) No entry required $ 1,046,662 I $ 1,331 I $ $ 1,046,662 $ 1,046,630 10 Retention of Available Cash Balance (Estimate 06130116) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10) $ 32 1,127, 077 1,127,077 Other Rent, grants, interest, etc. 1,525,175 22,073 1,498,412 $ $ 48,836 $ $ 7,000 $ 48,836 $ 25,725 $ 7,000 $ 23,111 $ RPTTF Non-Admin and Admin 95,841 836,196 855,778 7,000 3,759 65,500 69,259 Comments 21339,957 Reserves for September 1 debt service transferred to trustee in 15-16B shown as 2,405.457 expenditure, not as reserve per new instructions 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 j (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