HomeMy WebLinkAbout1/13/2016 - STAFF REPORTS - 2.Y.wilk LA1 n�
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SUCCESSOR AGENCY STAFF REPORT
DATE: JANUARY 13, 2016 CONSENT CALENDAR
SUBJECT: APPROVAL AND TRANSMITTAL OF RECOGNIZED OBLIGATIONS
PAYMENT SCHEDULE (ROPS 16-17A AND 16-17B) FOR THE PERIOD OF
JULY 1, 2016 THROUGH JUNE 30, 2017, PURSUANT TO SECTION
34169(G)(1) OF CALIFORNIA HEALTH & SAFETY CODE
FROM: DAVID H. READY, CITY MANAGER
BY: LAURI AYLAIAN, DIRECTOR 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 it to the
County Auditor -Controller, the State Department of Finance, and the State Controller's
Office. After review and approval by the City Council as the Successor Agency, the
ROPS must be approved by the Oversight Board. This ROPS covers the period from
July 1, 2016 through June 30, 2017, 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, 2016.
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 16-17) FOR THE PERIOD OF JULY 1, 2016 THROUGH JUNE 30, 2017,
PURSUANT TO THE CALIFORNIA HEALTH & SAFETY CODE."
ITEM. NO. ��
Successor Agency Staff Report
(January 13, 2016 — Page 2)
(Recognized Obligation Payment Schedule 16-17)
STAFF ANALYSIS:
The ROPS is the document used to determine the amount of the previously -called tax
increment (now RPTTF) the Successor Agency will be allowed to retain on a six month
basis to meet approved obligations of the Successor Agency, as well as the amount of
the Successor Agency's allowable administrative budget. The ROPS must be adopted
for each successive six-month fiscal period.
Senate Bill 107, signed on September 22, 2015, provides that the ROPS for the two six-
month periods in each fiscal year must be approved by the Oversight Board and
submitted to the Department of Finance no later than February 1 each year,
commencing February 1, 2016 with respect to ROPS 16-17A and ROPS 16-17B.
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 amount of RPTTF and other funds on hand to meet the approved obligations of the
Successor Agency for Fiscal Year 2016-17 is approximately $5.54 million.
The maximum amount of the allowable administrative budget for the Fiscal Year is
$250,000, which does not cover the total administrative costs incurred by the City to
administer the winding down of the former Redevelopment Agency's operations.
'Lauri Aylaian, Director of Community and David H. Ready, City 2iv
Economic Development
Attachments:
1. Resolution
2. Recognized Obligation Payment Schedule for Fiscal Year 16-17
(Exhibit "A" to the Resolution)
02
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 16-17) FOR THE PERIOD OF 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 ("Heath 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.
03
Resolution No.
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.
DAVID H. READY, CITY MANAGER
ATTEST:
JAMES THOMPSON, CITY CLERK
04-
Resolution No.
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm
certify that Resolution No. _ was adopted by the Palm
regular meeting held on the 13th day of January, 2016, and
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Springs, California, hereby
Springs City Council at a
that the same was adopted
JAMESTHOMPSON, CITY CLERK
City of Palm Springs, California
05
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
2,470,074 $ 5,516,533
2,345,074 5,266,533
125,000 250,000
2,470,074 $ 5,539,644
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 R I J K L I M I N G J P
16-17A
Non-Redavaopment Property Tax Trust Fund
(NorvRPTTF) RPTTF
0
ContraNAgresment Contract/Agreement Total Outstanding 1617A
Item A Project NamelCebt Obligation Obligation Type Execution Date Terminating Date Payee DnenptonlProject Scope Project Area Debtor Obligation Reared ROPS 1617 Total Bond Proceeds Reserve Balance Other Funds Non-Admin Adam Total
_ ry'�p 5p� jry�/y q /(fly] y(, ley ( E 10796f9,2H549 E 5539E —3 - 3 23.111 E 2.921A59 S 125,00 nB9
2007Taxis ( oca5on il6�I h6*Ud) 1Kj�Be.j1 e/1tll1VU] 911�1Ud4 �S Bank DPrope Pr uislfion erge�l 4 45 N $ -
41SERAF Loans S RAFIERAF 4111 6/3D2037 Palm Springs Housing Loans for FY 2009110 and 201Oil 1 Merged 1 1055.45 N 1 1,0554571 1055,45' 8 1.055
Contract Services- Re
Fees
fi/42010
fi302017
Id a rs
M ldan Financial Services
Merged 1 Bonds Rebate Consulting
Merged 1
15,00
N
2,501;
Calculating
)I rood Trustee Fees
isposition and Development
Fees
Business Incentive
611620N
IM2005
1111IN34
H/12022
US Bank
Endure Investments
Services
MafOy/J 1 Bonds Trustee Fen
Rnapa Assateree(10 Year)
MrOgii 1
MergiI
70
N
IN
i
S
3.701j
1400
3.]Jn_
140,
reement
reements
_
l�l' �r Pad pabon Agreement
usiness Incentive
1/1920D0
613OM18
VIP Motors
Financial Assistance
Merged
2DO,00
N
S
200ft
S
I
15I2007 Taxable Tax Allocation Bontls,
is
Dods Issued On or Before
9/1820W
9/12034
US Bank
PropertyAcgms4ion
Merged
9,461,
N
$
1]64(>i
Series
12/31/10
16A reement for Reimbursement
Miscellaneous
imno06
6502037
City of Pam §2ni
PSL-236 Lease
Merged 2
426388
N
$
_
1474 t'6
147, 47C
5
172004 Convention canter Bonds
d Reents
heemeMa
IMar9ed2
.... `.....
_
.. ..
18Contract Services financial
Fees
9222010
6r302019
Harrel&company
Merged2Bonds Disdosare lRating
Merged
30DO
N
S
1,500
Trustee
2��j(3`H^�I``qyI'�
Fees
1122005
AMieors
US Bank
/�p/�
19tf
—
9Audit
e'blConVaQSemcesel
rygryryyy
27ICootract Seances - Flh3nnal
pdmin Costs
Admin Casts
//
71182008
6/302017
6i'302019
1 `B Lan^artl
Wood
Herrdl pony
�dlt sei cea�uneFees
ipc�e9sI
BOPS Co�9tlVng
P h/Merl 2
m(, '�,�11yy11\\
l/ Merge
1�Z;o
144,0
N5�
N
IIRI¶
Y
4,000
/p
k r
4
Ifr
5
I $
Advisors
33 AtlmminraWe Cost Plleran;e
Atlmm Ces6
711f2(116
6/3DI2017
CiN of Pam Sennes
Overhead Cost NloceueNSelariss
Memedl I Merged2
46250U1
N
s
moo
1
125.0DDI6
ament for Reimbursement Crty/Cou%Loan jPnor
12%2006
11/12035
City of Palm Springs
Prepay Portion 0 PSL 236
Merged 2
W28/11) Other
Suatani Fund
Tax Allocation Bonds. Sense Reserves
91180007
9/12034
US Bank
Reserve for September l Debt
Merged I
Samoa
Taxable Tax Allocation Bonds, Reserves
9/1820W
9/12034
US Bank
deserve for September l Debt
Merged
a B
$e Moe
Taxable Tax Allocation Bonds, deserves
9/182oW
9/12034
US Bank
eserve for September l Debt
Merged
s C
Serace
1,139872 N S -
65961.j N S 669,613
118,64/ N f 118,647
31 N i 346,40f
07
A 8 C D E F G
Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17) - ROPS Detail
July 1, 2016 through June 30, 2017
(Report Amounts in Whole Dollars)
H
ContraNAgreement
ContracMAgreement
Kern p Project NamelTlebt Obligation
Obligation Type
Execution Data
Terminator Date
Payee
Descripton/Project Scope
Project Aea
48•Property Tar -Cork 8 Bottle
PropeM Maintenance
7/12013
6/302019
County of Riversde
Property Tares on Agency Held Land
Merged 1
'PmcerN
Pending PMP - Current Installment
49'Property Tar -Cork a Bottle
Reserves
7/10016
6/302017
County of Riverside
Reservefor Next lnstallmentof
Merged
Prooem,
Picini Tax on Item 48
5 Property Tax-PSL 236 Property
Property Maintenance
71IU13
6/302037
County of Riverside
Property Taxes on Property Under
Merged
PSL 236 Lease - Current Installment
51IProperty Tax-PSL 238 Property
Reserves
7111 16
6Y402017
County of Riverside
Reserve for Next Installment of
Merged
PropeM Tax on Item 50
51Plaza Theatre -Insurance
PropeM Maintenance
7/12016
153W!317
CM of Palm Springs
Insurance on Agency Held Property
Merged 1
Perldma PMP
53'Plara Theatre -Maintenance
Property Maintenance
7/1, 16
613MO17
City of Palm Springs
Maintenance Costs on Agency Held
Merged
Progedq Pendno PMP
w uti
PropeM Maintenance
7112016
6/302017
Desert Water
UlOties for Agency Held Property
Merged 1
Pendnq PMP
57 Plaza Irmestmerd Lease
Property Maintenance
J/302003
5 ij!2018
Plaza Investments
Lease of property adjacent to Plaza
Merged 1
Theatre used for access
6T2014 Subordinate Tax AlocaEon
Refunding Bonds Issued
8/192014
W10034
US Bank
Refinancing of 2001 and 2004 Bonds
Mergedl/ Merged
Bonds
After 6/ 12
83. Contract Services - Financial
Fees
92wai0
W302019
Harrell E Company
2014 Bands Disdosure lRahng
Mergedl/Merged 2
Advisors
64:Contrad Services- Rebels
Fees
6142D10
6/302016
MMldan Financial Services
2014 Bonds Rebate Consulting
Margadl/ Merged 2
Calculation
Services
6°:Bond Trustee Fees
Fees
8/192014
9/•n0a4
I IS Rare
1014 Bonds Trustee Fees
Marti Merged 2
662014 Subortlmate Tax Allocation
Reserves
61192014
91IF034
US Bank
Reserve for September l Debt
Mergedl/ Merged
Bonds
Bernice
69:0aptal Projects
Bond Funded Project —Pre-
7YI12015
6/302034
To be determined
Remaining 2007 Series C Bond
Merged
2011
Proceeds
70 LRPMP Properties
Property Maintenance
7/12016
6/302020
To be determined
Maintenance Costs on Agency Held
Mergedl/ Merged 2
Praoertv, Pending Disoastion
71 LRPMP Properties
Property Dispositions
702018
6302020
To be determined
Casts for Disposbon of Agency Held
Mergedl/Merged 2
Property - Appraisals Fenung
Closing Costs etc
72rArlvance for the City for Cork B
Property Maintenance
111/2016
1112017
City of Palm Spnngs
80 year old holding has unsafe m ong
Merged
B.M. Buildng Elecmc Rewtnng
and needs repair before sale, it is
occupied by a tenant
73
74
]5
7
e
e�
M
8
B_
651
esl
e
eel
el
e
911
J
K
L
M
N
16.17A
Non -Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Total Outstanding
Detrt or Odigaton
Retired
ROPS 5-17 Total
Bond Proceeds Reserve Balance
Otlter Fund!
15,0001
N
$ 4,000
111
Y
$
275 006
N
$ 11 000
Y
$
Y
$
Y
E
$ 2,000
19.01
N
$
9,J00
4,111
20,309,100I
N
$
1,129,606
30,00Lq
N
$
1, 500
15,001
N
E
-
60 0011
N
$
3 0001
492,60]
N
$
492500
Y
S
25,001
N
E
7,500
25,001
N
$
15,000
23 ON
N
$
10,000
G I P
RPTTF
Non-Atlmm Admm
2 ODq
5 006
f
3
1N
1617A
Total
2,000
5,000
1,000I
4,8001
09,2001
3.0001
5.000I
5,000
08
Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17) - ROPS Detail
July 1, 2016 through June 30, 2017
IFA;port Amounts in Whole Dollars)
A B C
D
E
F
G
H
I J K R I S T 0 V
16-17B
NorvRedevelopment Pmpery Tax Trust Fund
Non-RPTTFI RPTTF
CotracVAgreement
ContraNAgreement
Total Outstanding
Item♦ Project Name/Debt Obligation Obligatio Type
Execution Daze
Termination Date
Payee
DeacdigborvVroleM Scope
Pralect Area
Cebt or Otigation Famed ROPS 1&17 Total Bond Proceeds Reserve Balance Other Funds Nan-Admin Admm
_�2007 Tax pocation Bones Seri.j Les���(.//�I �yI(�
g/182JI1]
/I�
fY12034
US HAnk
Cad�I (lYoiec4
M/e• 1
-$ 107,969,294 5539644 S - E - E - E 2.346074 $ 12!
202Mam N
200]Texade Tax Allocation Bonrk, laaa O�lieltlYe
9l182007
9/12034
US Bank
Propedy Acquiaroon
:M9.
3,149,436 N f
_ enes B 12/31/10
*-ERAF Los. SERAFIERAF
4/20/2010
&302037
Palm Springs Housing
Loans for FY 2009110 and 201&11
Merged 1
1.055,451 N f 1,055,45i,
((��//sore
EoMract Semces- Rebate Fees &42010 6r302017 SU}jdan Financial Services Merged Bantle Rebate Consulting Merged 15,00 N
Calculation Services
91Bond Trustee Fees Feea 6/162004 11/12034 US Belk tN�1�r00pp//]] 1 Bonds Trustee Feea Mekryv} 1 70%�)) N $ 37(yy
11Disporadon and Development Business Incentive 12152005 9/12022 Endure l nvestments pma6pal Assistance(10 Year) Mer�'a 1 84 N f 140,Od
ff lent Aryreemenh _
1 Owne"r Pertidpa4on Agreement BOslness Incentive 1/192000 6/30.2018 VIP Mo. Finendel Assistance Mer9ed1 200,00 N
Y s
1 4007 Taxable Tax Allocation Bonds, on a Issued On or Before WIM007 9)12034 US Bank PropeMAc9uiaition Merged 9,461,a l� N E 178,40
9eriesC 12131/10
W
1&17B
Total
d Fews
US Bank
2 BondsFees
21�onfil
dSeee
rvicec Ault
Abnin Costs
Costs
'in
asrzo�o
/182008
&302017
Lanca Shc//Bdiruffq66Lu hartl
V
��Trustee
ISl1AISZry
General Leg�li
unse
Merfnedn Merced''
roadj62
1)
N
8_D(1 �\
1 $
Contract SeMces- Fenanna
Atlmgal
Costs
7/n
&302019
Harrel BCoFtpy
ROPS Consulting
Mergedt/Merged2
( 0�
N
�L11
$
Adnsars
1
33
Administrative Cost Allowance
Loan
Admm Costs
LMIHP Loam
7/12016
5MMEEffilv--1f/12035
&302017
City of"I"Spnrgs
Palm Stange Housing
Overhead Cost AllocationlSalanes
Loan to Merged Proect No l
Memetll/Meroetl'
Merged
4,82500 (/f
24,503
N
N
$ 250.00E
125 C00
$
125.00
34
Successor
35
Agreement for Reimbursement
City/County Loan (Prior
1011611991
lilim35
City of Palm Springs
Project Casts
Merged
413,500
N
0512&11 Other
Wastewater Fund
36
Agreement far Reimbursement
CtylCounty Loan (Prior
10/16/1991
11/12035
City of Palm Spein,
Project Costs
Mergad2
413,500
N
(1628/11, Other
b4uste,xater Fund
37
Agreement for Reimbursement
Citylcounry Loan (Prior
622/1993
11/12035
CM of Palm Springs
Project Costs
Merged2
400,000
N
0629/11), Other
Wastewater Fund
38
City Loan and Interest
C,WCounty, Loan IPdar
&152011
11/12035
CM of Palm Springs
Operating and Admimshabye Costs
Merged 1
1553,913
N
062&11) Other
For FY 2011-12
39
CAy Loan and Interest
CiylCounty Loaajpnar
1157mi1
11/1/2035
City of Palm Springs
Operating and Adminlabialve Coats
Merged
10.260
N
City Loan and Interest
gfin0111
C,t ICourty Loan (Prior
Wl S2011
11/12035
Gy of Palm Sprigs
Operating and Adminiairl Cows
Mergedl/Nlergetl 2
2,0117a
N
$ -
40
$
41
Agreement for Reimbursement
0628111 ``Other
CitylCouniy Loan (Poor
12/62006
11/1/2035
City of Palm Springs
For FY 2010-11
Prepay Portion of PSL 238
Fde,Wd2
1,139.9 2l
N
$ -
E
43
2007 Tax Alocaaon Bonds, Series
062&lll Other
Reserves
&182007
&12034
Suelainedli , Fund
US Bank
Reserve for September 1 Debt
Merged 1
/I
659,61
N
$ 659.611
659,61.i
(
E
659.61
44
A
2007 Taxable Tax Pllacatlon Bantle,
Reserves
9r182007
9/12030
US Bank
since
serve for September 1 DeM
Merged 1
118,64'
N
S 118.647
118,64�1
I
S
118PS4
Series 8
2W7Taxable Tax Allocation Bantle,
Reserves
Wl MO07
W12o4
US Bank
Service
Reserve for September 1 Debt
FAerged2
346,40
N
$ 3 .407
346401
I
$
346,40
San" O
Service
Palm Springs Recognized Obligation Payment Schedule (ROPS 16-17) - ROPS Detail
July 1, 2016
through June 30, 2017
(Re sort Amounts
in Whole Dollars)
A B
C
D
E
F
G
H
I
J
K R I $ I
T
U V
W
164713
NonRedevelopment PropeM Tax
Trust Fund
(NonRPTTF)
RPTTF
Contract/Agreement
ConcractlAgreement
Total Oubtami
1S17B
It.. # Proled Name/Debt Obligation
Obligation Type
Execution Date
Termination Data
Payee
Descnphonllorolect Scope
ProjectArea
Debt or Obligation
Reeved
ROPS 16-17 Total Bond Proceeds Reserve Balance
Other Funds
Non-Admm Admm
Total
48 Property Tax - Cork 6 Bottle
Property Maintenance
7/12013
wm3 019
County of Riverside
Property Taxes on Agency Held Land
Merged 1
15,00
N
$ 4000
2, 00C
$
2.01
ProserN
Pennon PMP - Current Installment
I
49 Property Tax -Cork 8 BoNe
Reserves
7/12016
6r302017
County of Riverside
Reserve for Installment of
Merged 1
Y
$ -
E
i
Property
Property Item Tax on
I
SO Pro a Tax-PSL 236 Property
p rty p rty
Pro peat Maintenance
7/12013
6/302037
County of Riverside
- o40
Property Taxes on Property Under
p
-- -
Merged 2
----__ 000
275,000
N _
N
— — -- --
$ 11,000
_ - -
6,00E
PSL 238 Lease- Current Installment
51 Property Tax-PSL 236 Property
Reserves
7112016
6/30I2017
County of Riverside
Reservefor Next Installment of
Merged
-
Y
$ -
E
Probed, Tax on Item 50
52%Pima Theatre - Insurance
Property Maintenance
711PO16
6302017
City of Palm Springs
Insurance on Agency Held Property
Merged
-
Y
$ -
E
Pendinq PMP
532Plaza Theatre- Maintenance
Property Maintenance
T/12C16
&302017
City of Palm Springs
Mantenance Costs on Agency Held
Merged 1
-
Y
$ -
$
ProoeM Pending PMP
S&[tblrties
PropeM Maintenance
7/12016
6/302017
Desert Water
Lomas for Agency Held Property
Merged 1
-
Y
$ 2,D00
1 m
E
i,00f
Pendmq PMP
5T.Plaza l nxesbnerd Lease
( Property Maintenance
7/302003
931P018
Razalnvestments
Lease of property adlacenl to Rma
Merged
19,600
N
$ 9,700
4,90C
$
4,90(
Theatre uaad for access
R2014 Subordinate Tax Allocation
lRefurding Bonds Issued
8/192014
9/12034
US Bank
Refinancing of 2001 and 2001 Bantle
Mergedt/ Merged 2
20,309,106
N
$ 1,129,606
320406
$
820,40E
Bands
After 627112
63:Contract Semces- Financial
Fees
9222010
6/3012019
Harrell 6 Company
2014 Bonds Disclosure Rating
Mergedt/ Merged 2
30,00
N
$ 1,500
1,506
E
1.=
Advisors
64:Contract Semces- Rebate
Fees
6/420ID
61302016
Wlldan Financial Semces
2014 Bonds Rebate Consulting
Mergerll Merged 2
15,00'
N
$ -
E
Calcrialmn
Se ry cas
65,'Bond Trustee Fees
Fees
8/192014
9/12034
US Bank
2D14 Bonds Trustee Fees
Marti Moped 2-
6000d
N
$ 3000
E
68r2014 SuboMmate Tax Allocation
Reserves
8/192014
9/12034
US Bank
Reserve for September l Debt
Mergedt/ Merged 2-
492 SID
N
$ 492 500
492 500
$
4S2,6QC
Bonds
Service
6 .Capital Prgxds
Bond Funded Protect - Pre-
7/12015
6r302034
To be determined
Remaining 2007 Senes C Bond
Merged
Y
$ -
$
2011
Proceeds
111
7GLRPMP properties
(Property Maintenance
7112016
N302020
To be determined
Maintenance Costs on Agency Held
Mergedt/ Merged 2
25,0
N
S 7500
2,50E
$
2,5%
PropeM Pendmq Disoosmon
71 LRPMP Pistachios
Dispcartions
7112016
&302020
To be determined
Costs for Dislocation of Agency Held
Mergetl)/ Merged 2
25,0
N
s 15,000
10,000
_
$
10,000
(PropeM
PropeM-Appraisals, Fencing,
Closna Costs etc
72rAdvance for the City for Cork B
,Bottle
Property Maintenance
1/12016
1/12017
City of Palm Springs
80 year qtl balding has unsafe.,,hg
Merged
23, 0j
N
$ 10,000
$
Building Electoc Revanng
and needs repair before sale, it is
accuged by a tenant
73
I
N
$
8
74
I
N
s
$
fE
N
s
I 7E
I
N
s
$
N
$
i
N
-$_ __
_g__
1 i
N
8
}
1 86
N
$
$
I lit
I
N
s
$
1 82
1
N
s
$
4
1 &
1
N
$
4
6<
N
$
$
4
I 9'.
N
$ -
}
4
96
N
$
}
4
9i
N
$
$
J
ee
N
$
¢
I95
N
$
4
9�
N
$
$
10
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 (I), 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 I D I E I F I G I H I I
Cash Balance Information by ROPS Period
ROPS 15-16A Actuals (07/01/15-12/31/15)
1 Beginning Available Cash Balance (Actual 07/01115)
2 Revenue/Income (Actual 12/31/15)
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)
ROPS 15-16B Estimate f01/01/16 - 06/30/16)
7 Beginning Available Cash Balance (Actual 01101116)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)
8 Revenuellncome (Estimate 06/30116)
RPTTF amounts should tie to the ROPS 15-16B distribution from the
County Auditor -Controller durinz January 2016
9 Expenditures for ROPS 15-16B Enforceable Obligations (Estimate
06/30/16)
Bond Proceeds
Bonds issued
on or before
12/31/10
1,042,886
3,776
Bondsissued
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
Other
Rent,
grants.
interest, etc.
1,127, 077 1,525,175
22,073
1,127, 077 1,498,412
$ 1,046,662 ( $ 1,331 ( $ - I $ $ 48,836 $
$ 1,046,662 $
1,046,630
10 Retention of Available Cash Balance (Estimate 06/30116)
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
1,331 $ - $ 7,000 $ 48,836 $
1,331 25 725
- $ - $ 7,000 $ 23,111 $
RPTTF
Non-Admin
and
Admin
95,841
836,196
855,778
7000
3759
65,500
69,259
Comments
2,339,957
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
it
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
12