HomeMy WebLinkAbout1/1/2012 - CRA RESOLUTIONS RESOLUTION NO. 1432
A RESOLUTION OF THE AGENCY BOARD OF THE CITY OF
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY
RATIFYING, CONFIRMING, AND APPROVING THE
WITHDRAWAL OF AGENCY FUNDS FROM THE LOCAL
AGENCY INVESTMENT FUND AND THE REINVESTMENT OF
SUCH FUNDS IN A MANNER CONSISTENT WITH THE CITY
INVESTMENT POLICY.
THE AGENCY BOARD OF THE CITY OF PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY RESOLVES:
SECTION 1. The Agency Board of the City of Palm Springs Community
Redevelopment Agency ratifies, confirms, and approves the City Treasurer's withdrawal
of all funds from the Local Agency Investment Fund. This ratification, confirmation, and
approval shall be deemed to include any and all amounts withdrawn on January 26,
2012 and at any and all times thereafter.
SECTION 2. The City Treasurer is directed and authorized to reinvest all funds
withdrawn from the Local Agency Investment Fund to be promptly reinvested and fully
accounted and documented in a manner consistent with the adopted City Investment
Policy.
PASSED, APPROVED, AND ADOPTED BY THE AGENCY BOARD OF THE
CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS 30TH
DAY OF JANUARY, 2012.
�?i
DAVID H. READ IVE DIRECTOR
ATTEST:
iMES THOMPSON, SECRETARY
RESOLUTION NO. 1431
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
AMENDING THE BUDGET FOR FISCAL YEAR 2011-2012,
TRANSFERING $1,021,794.46 IN UNEMCUMBERED 2007
TAX ALLOCATION BOND PROCEEDS FROM MERGED
AREA NO. 2 CAPITAL PROJECT FUND (FUND 812) TO
MERGED AREA NO. 2 DEBT SERVICE FUND FOR THE
PURPOSE OF REPAYING THE SUSTAINABILITY FUND
LOAN.
WHEREAS, Resolution No. 1420 approving the Budget for the Fiscal Year 2011-
2012 was adopted on June 1, 2011; and
WHEREAS the Executive Director has recommended, and the Agency desires to
approve, certain amendments to the budget for Fiscal Year 2011-12.
NOW THEREFORE THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS DETERMINES, RESOLVES AND APPROVES AS
FOLLOWS:
SECTION 1. The Director of Finance is authorized to record inter-fund cash
transfers as required in accordance with this Resolution, and Resolution No. 1420,
adopting the Budget for Fiscal Year 2011-12 is hereby amended as follows:
SOURCE(S):
Fund Activity Account Amount
852 29301 $1,021,794.46
Merged Area #2 Fund Balance
ADDITION(S):
Fund Activity Account Amount
852 8202 49625 $1,021,794.46
Merged Area #2 Tahquitz Andreas City Loan Principal
PURPOSE: Repayment of loans to the Redevelopment Agency.
Resolution No. 1431
Page 2
PASSED, APPROVED, AND ADOPTED THIS 18TH DAY OF JANUARY, 2012.
f
David H. Ready, Ewe e irector
ATTEST:
;jmZes Thompson, Assistant Secretary
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment
Agency of the City of Palm Springs, hereby certify that Resolution No. 1431 is a full, true
and correct copy, and was duly adopted at a regular meeting of the Community
Redevelopment Agency of the City of Palm Springs on January 18, 2012, by the
following vote:
AYES: Agency Member Mills, Vice Chair Foat, and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Hutcheson and Agency Member Lewin.
ABSTAIN: None.
mes Thompson, Assistant Secretary
Community Redevelopment Agency
City of Palm Springs, California 6Zfi2J24IL
RESOLUTION NO. 1430
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
AMENDING THE BUDGET FOR FISCAL YEAR 2011-2012,
APPROPRIATING AN ADDITIONAL $38,215 IN FUND 851
FOR THE PURPOSE OF REPAYING THE ANNUAL
AMINSTRATION LOAN.
WHEREAS, Resolution No. 1420 approving the Budget for the Fiscal Year 2011-
2012 was adopted on June 1, 2011; and
WHEREAS the Executive Director has recommended, and the Agency desires to
approve, certain amendments to the budget for Fiscal Year 2011-12.
NOW THEREFORE THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS DETERMINES, RESOLVES AND APPROVES AS
FOLLOWS:
SECTION 1. The Director of Finance is authorized to record inter-fund cash
transfers as required in accordance with this Resolution, and Resolution No. 1420,
adopting the Budget for Fiscal Year 2011-12 is hereby amended as follows:
SOURCE(S):
Fund Activity Account Amount
851 29301 $38,215
Merged Area #1 Fund Balance
ADDITION(S):
Fund Activity Account Amount
851 8201 49625 $38,215
Merged Area #1 Central Business City Loan Principal
District
PURPOSE: Repayment of loans to the Redevelopment Agency.
PASSED, APPROVED, AND ADOPTED THIS 18TH DAY OF JANUARY 2012.
David H. Ready, E e Director
ATTEST:
ames Thompson, Assistant Secretary
Resolution No. 1430
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment
Agency of the City of Palm Springs, hereby certify that Resolution No. 1430 is a full, true
and correct copy, and was duly adopted at a regular meeting of the Community
Redevelopment Agency of the City of Palm Springs on January 18, 2012, by the
following vote:
AYES: Agency Member Mills, Vice Chair Foat, and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Hutcheson and Agency Member Lewin.
ABSTAIN: None.
ames Thompson, Assistant Secretary
Community Redevelopment Agency
City of Palm Springs, California az�rl�lo�z
RESOLUTION NO. 1429
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AUTHORIZING THE APPROVAL
AND TRANSMITTAL OF AN ENFORCEABLE
OBLIGATIONS PAYMENT SCHEDULE (EOPS) AND
APPROVAL AND TRANSMITTAL OF A DRAFT
PRELIMINARY INITIAL RECOGNIZED OBLIGATIONS
PAYMENT SCHEDULE (IROPS) PURSUANT TO AB1X 26.
WHEREAS, the City Council of the City of Palm Springs ("Council") and the
Agency Board of the Palm Springs Community Redevelopment Agency ("Agency")
approved and adopted the Amended and Restated Redevelopment Plans for the
Merged Project Areas No. 1 and No. 2 ("Redevelopment Plan") covering properties
within the Agency (the "Project Areas"); and
WHEREAS, the Agency is engaged in activities to execute and implement the
Redevelopment Plan pursuant to the provisions of the California Community
Redevelopment Law (Health and Safety Code § 33000, et seq.) ("CRL"); and
WHEREAS, since the dates of adoption of the Redevelopment Plan, the Agency
has undertaken redevelopment projects in the Project Area to eliminate blight, to
improve public facilities and infrastructure, to renovate and construct affordable housing,
and to enter into partnerships with private industries to create jobs and expand the local
economy; and
WHEREAS, over the next few years, the Agency had hoped to implement a
variety of redevelopment projects and programs to continue to eliminate and prevent
blight, stimulate and expand the Project Area's economic growth, create and develop
local job opportunities, and alleviate deficiencies in public infrastructure, to name a few;
and
WHEREAS, as part of the 2011-12 State budget bill, the California Legislature
has recently enacted and the Governor has signed, companion bills AB 1X 26 and AB
1X 27, requiring that each redevelopment agency be dissolved unless the community
that created it enacts a resolution committing it to making certain payments; and
WHEREAS, specifically, AB 1X 26 prohibits agencies from taking numerous
actions, effective immediately and purportedly retroactively, and additionally provides
that agencies are deemed to be dissolved as of October 1, 2011; and
WHEREAS, additionally, AB 1X 26 which eliminates redevelopment agencies
also requires all Agencies to wind-down their affairs unless the Agencies are extended
through compliance with the requirements of AB 1X 27; and
Resolution No.1429
Page 2
WHEREAS, on December 29, 2011, the California Supreme Court upheld AB1X
26, which dissolves all of the redevelopment agencies in the State of California, and
struck down AB1X 27; and
WHEREAS, as part of this wind-down process, all redevelopment agencies are
required to file a schedule of "enforceable obligations" that require payments to be
made through the end of the calendar year 2011; and
WHEREAS, under the threat of dissolution pursuant to AB 1X 26 (Health and
Safety Code Section 34169(h)), the Agency established the foregoing Enforceable
Obligation Payment Schedule (the "Schedule") to be able to continue eligible
redevelopment activities that were begun prior to the effective date of AB 1X 26; and
WHEREAS, Health and Safety Code Section 34169(h), which is set forth in Part
1.8, requires a redevelopment agency to prepare a preliminary draft of an Initial
Recognized Obligation Payment Schedule, which must list the minimum amounts that
must be paid by the successor agency over a six (6) month period to fulfill its
enforceable obligations during that period, with the first schedule covering the period
from January 1, 2012 to June 30, 2012; and
WHEREAS, at a meeting of January 4, 2012, the City of Palm Springs took
action to designate itself as the Successor Agency and the Housing Successor Agency
to the Community Redevelopment Agency, as provided in California Health and Safety
Code §§ 34173 and 34176; and
WHEREAS, the Agency reserves the right to appeal any determination of the
California Director of Finance or other entity regarding the propriety of this resolution as
well as any future determinations; and
WHEREAS, while the Agency currently intends to comply with the state-
mandated obligations established hereunder; and
WHEREAS, all other legal prerequisites to the adoption of this resolution have
occurred.
. NOW, THEREFORE, BE IT RESOLVED that the Board of the Community
Redevelopment Agency of the City of Palm Springs does resolve as follows:
Section 1. The Recitals set forth above are true and correct and incorporated
herein by reference.
Section 2. The Enforceable Obligation Payment Schedule, attached hereto
and incorporated herein by reference as "Exhibit A", is hereby adopted, subject to all
reservations of rights and contingencies set forth above, providing that staff may
alter the format, but not the content, of the Schedule as necessary.
Resolution No.1429
Page 3
Section 3. The Preliminary Initial Recognized Obligation Payment Schedule,
attached hereto and incorporated herein by reference as "Exhibit A", is hereby
adopted, subject to all reservations of rights and contingencies set forth above,
providing that staff may alter the format, but not the content, of the Schedule as
necessary.
Section 4. The Executive Director or designee is authorized to take all actions
necessary to implement this Resolution, including without limitation, the posting of
this Resolution and the Enforceable Obligation Payment Schedule and the
Preliminary Initial Recognized Obligation Payment Schedule on the Agency's
website, and the provision of notice of adoption of this Resolution and such
Schedule to the Successor Agency, the County Auditor-Controller, the State
Controller and the State Department of Finance.
PASSED, APPROVED, AND ADOPTED THIS 18T" DAY OF JANUARY 2012.
J _
David H. Ready, Exec irector
ATTEST:
ames Thompson, Assistant Secretary
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment
Agency of the City of Palm Springs, hereby certify that Resolution No.1429 is a full, true
and correct copy, and was duly adopted at a regular meeting of the Community
Redevelopment Agency of the City of Palm Springs on January 18, 2012, by the
following vote:
AYES: Agency Member Mills, Vice Chair Foat, and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Hutcheson and Agency Member Lewin.
ABSTAIN: None.
James Thompson, Assistant Secretary
Community Redevelopment Agency
City of Palm Springs, Californiam/a/ZW Z
Name of Redevelopment Agency: Community Redevelo ment Adage,of the City of PalmSprings Pagel of3Pages
Project Area(s) Memed Propel No.1 antl Mended Project No.2
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169
Total Outstanding
Debt or Obligatlon
as of June 30, Total Due During Payments by month
Project Name/Debt Obli a8on Pa a Descri twin 2011 Fiscal Year^ Jul-Dec Jan Feb Mar A irl May June" Total
1 2001 Housing Tax Allocation Bonds Bank of New York Mellon Tms1 Refinance 1991 Housing Tax Albwdon Bon 5,030,290 834,352 368,834 92 759 372 759 465,518
2 2004 Tax Allocation Refunding Bonds,Series A Bank of New York Mellon Treat Refinance 19N Tax Allocation Bonds 24470886 1947267 824564 375489 747214 1122,703
3 2004 Tax Allocation Refunding Bonds Seems Bank of New York Mallon Treat Refinance 1994 Tax Allocation Bonds 14453293 1003384 390628 216378 396378 612756
_41 2007 Tax Allocation Bonds SBne.A Bank of New York Mellon Tried Ca Het Pro'ecta 23960388 928838 309613 309612 309613 619225
_51 2007 Taxable Tax Allocation Bonds,SeriesB Bank of New York Mellon Trust Pro A .yuno 3854458 175941 58647 58647 56647 117,294
8 2007 Taxable Tax Allocation Bonds,Series C Bank of New York Mallon Treat Property Acquisition 12,407,609 848,503 325164 1%669 326,670 523,339
_71 SB 211 Payment-Riverede County Riverside County Tax Sharing Pursuant to Section 33607.7 7"027 27705 4687 23021 23021
8f 1 SB 211 Pement-Ci of Pam Wi a City of Palm Sons Tax Sharna Pursuant to Section 33607.7 14573504 347285 27615 319670 318670
9 SB 211 Payment-Palm Spline a Unified School Di Palm Springs Unified School District Tax Shannst Pursuant to Section 33607.7 10010,661 234 2d4 26,298 207.946 201
10 SB 211 Payment-Coll of the Desert Colons of the Desert Tax Sharon Pursuant to Section 33607.7 2859455 61 7312 59354 $9354
11 SB 211 Pement-Count Office of Education County Office of Education Tax Shannu Pursuant to Section 33607.7 1555795 36375 4083 1 32292 32292
12 S8211 Pement-Riverside County Regional Paris Riverside County Reponal Park Tax Shi Pursuant to Section 33607.7 315184 5083 390 4693 4693
13 SB 211 Payment-Rivnesid.County Flood Control Riverside County Flood Control Tax Sharing Pursuant to Section 33607.7 310392 8465 217 8248 8248
14 SB 211 Pement-Cemeta District Cemetery District Tax Shi Pursuant to Section 336077 45006 716 109 825 825
15 SB 211 Payment-H.. Rol District hospital Dialect Tax Sharing Pursuant to Section 33607.7 1477716 23905 1902 22003 22003
16 SB 211 Payment-Moaulto Abatement District Mosuito Abatement District Tax Shading Pursuant to Section 3W07.7 36167 1347 228 1119 1119
17 SB 211 Payment-Resource Conservation District Resource Conservation Distract Tax Sharing Pursuard to Section 33607.7 4,574 102 13 89 89 Ill
18 SB 211 Pement-Coachella Valley Water District Coachella Valley Water Distinct Tax Shi Pursuant to Section 33607.7 768 9 1 8 a x
19 SB 211 Payment-CVWD Storm Water District CVWD Storm Water District Tax Sharing Pursuant to Section 33607.7 973 11 1 10 10
20 Contractual-Riverside Cowtv Riverside County Tax Blame Pursuant to Section 33401 133 114,557 1 3,363,044 0 1 681 522 1681,522 3,363,044
=
21 Contractual-Riverside Count Deferral Riverside County Tax Sharma Pursuant to Section 33401(DO 3715988 1 10131711 $30855 5300551 530855
22 Contractual-Palm Sunni Uni School Distract Palm Springs Unified School District Tax Sharing Pursuant to Section 33401 52.272.210 1 2.584 815 1 292,408 1 292.407 1 1.292.407
&32 Contractual-College ofthe Desert Coils eof the Desal Tax Sharon Pursuant to Section 33401 11281449 560009 280404 280405 260,405
24 Contractual-Coun Olfico of Educysi County Office of Educator, Tax Sharing Pursuant to Section 33401 6133086 306710 153355 153355 153355
25 Contractual-Riverside County Flood Control Riverside County Flood Control Tax Shaft Pursuant to Section 33401 18,218,160 512 316 0 1 236.158 238,158 W 000 512,316 D
L61 Contractual-Cemeta District Cerbstary District Tax Sharing Pursuan to Section 33401 628989 30404 15202 15202 15202
27 Contractual-Moe uto Abatement DisGct Mosquito Abatement District Tax Sharing Pursuant to Section 33401 6370571 3111183 155942 155941 155941
281 Contractual-Coachella Valey Water Dieldc Desert Water Agency Tax Sharing Pursuant to Section 33401 8964 547 274 273 273
29 Connecting-Dosed Water Agency Da..rtWatei-Aigency Tax Shown,Pursuant to Section 33402 2080354 86781 28927 14464 14464 28925
30 Contractual-Desert Water Agency DS Cyanide Dosed Water Agency Tax Shaft Pursuard to Section 33402 17226000 783000 261000 261000 261000 522000
0
Totals-This Page 367169494 16092221 50136455 2450535 1525018 0 0 1919680 5091 10994839
Totals-Page 2 34,320.872 8,720.4n 1750.01 4110 048 239,840 404 434 355 5101 424 30q i 435 354 6 969 490
Toi-Page 3 20 2]0 200 6 468 500 1 843,326 1919100 205 143 422 000 55 000 55 000 1 919 031 4 575 274
Grand total-All Pages 83 1 2fi i 2 3 8 .603
Includes Bond Debt Service Due in Au ust and September 2012
Name of Redevelopment Agency: Cammunily Redevelopment Agency of Me City of Palm Sorinoa Page 2 of 3 Pages
Project Arsa(s) Merged Protect No.1 and Merged No No 2
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169
Debt or Obligation
as of June W. Total Due During Payments b month
Pro Name/Debt Obli allon Payee Descn Lion
2011 Fiscal Year Jul -Dec Jan Feb Mar Aril May June Total
1 SEW Loans Low Mod Housin Fund Loans for FY 2009/10 and 2010111 SERAF P 5069848 0
2 City Loan and Interest CI of PalmSpring. Operating and Administralb a Coats 1,657,163 1657163 - 1,657,163 1,657 160
3 A raiment for Reimlursement O of Palms dos PSL-2W Lease 28fi0000 110000 110000 0
4 Agreement for Reimbursement CI of PalmSpring.Sualainablli Partial Pre a manlof PSL2WLease 1125436 1125436 1125436 1125 d30
5 Loan Law Mod HousingFund Loan to Me d Pro' No,1 148,632 74 316 - 74 31fi 74,316
6 HousingDeferral Repayment Low Moil HousingFuntl Pre-1988 Set Aside Deferral i 532 669
712004 Convention Center Bonds Cit of Palm S dos Agency Contnbuton to Convention Center 36.800.000 1 600 000 800 000 800 000 800 000
8 Agreement for Reimbursement City of Palm S rin .Waslawater Fund 1,120.3801 487,120 426,939 60 181 487 120
9 Cgp erativeA reemant Cityof Palm S rin s Salaries and Beneeb 20705000 662286 331088 55200 55200 55200 55200 55200 55200 331200
101 Cooperate.Agreenvard City of Palm S rin s Insurance 335 000 1 19.736 9.868 1 4.934 d 934 9 868
11 Coo erativeA reamenl City of Palms nn s Administrative Cher es 2195000 292241 148121 73060 73060 146120
12 CooicarativeAtintement City of PalmSprings Materials arM Supplies 1080000 35069 10745 4054 4054 4,064 4054 4054 4,054 24324
13 Cooperative A reement City of Palms rin . Building Rental 436000 18000 16000 0
14 Contract Services-Audit Lance Sall&Longhand Audit Services 518,000 11,000 4,876 3 000 3.124 6 124
15 Contract Services-Le al Woodru6S radim General Legal Counsel 1817000 57700 17761 6656 8656 6656 6,658 6856 8659 39939
18 Contract Services-Le 1 Best Best&Krei r Redevela ment5 ecial Counsel 5130 14402 14402 0
171 Contract Services -Consulting Tens Nova Consulting Consulting SaMces 3053 3053 3053 0
18 Contract Services -Consulting Canon Commercial Cons.1tina Downs.Consultn 144000 14 ,oco Sd000 15000 15000 15,000 15000 15000 15000 90000
19 Contract Services-ConsultingKeyser Manton Financial Analysis Serviws 11,640 11,W 11640
20 Contract Service, -Financial Hanell&Co an Advisors Bond Disclosure and Financial Analysis 20000 20000 5000 5000 5000 5000 20000 X 21 Property Tax Countyof Riverside Pro d Tax onA umic!Pro 8400 8400 - 4200 4200 8400 =
22 Contract Services-Othere. ,rebate celc Various Various ConsultingService. 4296000 90339 339 15000 15000 15000 15000 150W 150W 90000 _
23 2011 Open PO-Animal Shelter Allen F Smoot&Associates Animal Shelter Constmceon 32.856 32,856 32 856 0 (A
24 20110 nPO-Animal Shelter SwaWMeirs Architects Animal Shelter Construction 15479 15479 15479 0
25 20110 nPO-Animal Shelter Planll Re ro ra hla Animal Shelter Construction - - - 0
26 2011 Open PO-Animal Shelter Ingersoll Rand Sewn Animal Sheller Construction 25 934 25,034 25 934 0
27 20110 en PO-Animal Shelter West Test Communications Animal Shelter Phones stem 9027 9027 9027 0 D
28 2011 Open PO-Animal Shelter Moore lacefano Goltsman Downtown Design 0
29 2011 Open PO-Animal Sheller Schroer Mf Co Animal Shelter Kennels and Intake Cages 17,619 17,619 17,619 p
30 2011 Open PO-Animal Shelter Lake State Industries Animal Shelter rages 109 4 4fi9 4469 0
31 20110 en PO-Constuction Rick En iniami SPalm Canyon Wdeni 5198 5198 5198 p
2212011 Open PO-Audit Lance Solt&Lun ha dl Audit Services 1,530 1 530 1 530 0
33 20110 nPO-Financial Harrell&Co an Advisors Bond Disclosure and Financial Artilysis 8857 8857 - tilts] 8857
34 Grounds Maintenance Vanoua 0 ration ofA uired Prg a 160000 8000 6000 400 4W 400 4W 400 2000
35 ContinuingAppropriations; Venous Animal Shelter Construction(Bond Proceeds 98 915 98,915 98,835 8o 80
36 Continuingro 'ations Various COD Master Plan 101449 101449 650 50799 50000 100799
37 ContinuingAppropriations Various Desed Fashion Plaza Vision 3444 3444 344.1 0
38 Continuin Appropriations Venous Capital Pro acts 765557 765557 250000 250000 2500W 15557 765557
39 HousingPro ects and Program To Be Deternumd Restricted Sale Proceeds to W used for low 162 630 162 630 162 630 162 630
40 Capital Projects Various Bontl Funded Ce ital Pro ecru 200]Bond P 1 621,757 1,021 75] 1,021,757 1,021 757
Totals-Thls Page 84,320,872 8,]20,422 1,]501931 4,110,048 239,840 404434 355,510 424304 1,435354 6,969490
f�.k
Name of Redeveloporent Agency. Com.nity Red.velopinento V ofth City ofP Spdnas
Project Area s Page 3 of 3 Pages
p O Merged Project No.1 entl Merged Pro ed No.2
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and U169
Debt or Obligation
as of June 30, Tood Due During Pa mans by month
Pro' Nemal0eb10bli etion Pe ee Deacn tion 2011 Fiscal Year July-Dec Jan I Feb I Mar April a June Total
1 Pro Tax Wlection Fees Cou of Riverside SB 255]Fees
8211()00 2430W - 243000 243WO
2 Bond Trustee Fees Bank of New York Mellon Trust Trustee Fees 259,600 13,000 12,857 143 143
3 Dis aticnanl DevelomentAreement ErMue Investments Financial Assistance 554000 277000 1 227000 2270W
d Dis ostion and Dayslo men1A reemant Endure lnvastrnants Financial Assistance 1400 W0 140000 - 1400W 1400W
_51 Owner Participation Agreement VIP Motors Financial Assistance 900000 150000 150D00 150000
8 Lease.SWleaseAMmnt VIP Motors Pro Lease 3960 W0 BBO WO 3300W 55000 SS WO 55000 55000 55 W0 55000 330000
7 20%Housin Bet Aside Low Mod Housin Funtl Housl Pro cts and Pro rams 1621100 16211W - 16211W 1621 fW
8 Flood Control Trust Fund Venous Flood Control Tax Shann AgencyAccount 1SW WD 18000W -9 Ni hie ele Manor l m roveents Low Mod Housin Fund Low Mad Housing7600000 1800000
Project BO WO BO WO 0000 0000
10 Sunset Palms arimante Low Mod HousingFund Low Mod HousingProject 15000W 1500000 1500000
ill N Indlan San Rafael Pro ad Low Mod Housing Fund Low Mod Housing Project 4,500 4,500 469 4 031 4,031
12
13
14
15
18
17
16
19
2011 M
21 x
22 =
23
24 �
25
26
27
ze D
29
30
31
32
33
34
35
38
3]
38
39
40
Totals-This Page 7$ 20,270,200.W fi AAA,600 1,84373W 1.919,1WI 205,143 1 422,000 55,W0 55,0W 1919.031 4.175.21
f..a
Name of Redevelopment Agency: C..M,Redevelopment A,..W of the Cry of Palm SDdnys Page 1 of 3 Pages
Prefect Ana(.) Merged Pmlect No.1 and Merged Protect No 2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 6/16T and U169
Total Outstanding
Debt or Obligation Scum of Pamenisb month
en of June 30, Total No During
Project Name/DeblOMl alon Pt ee Desco Lion 2011 Real Year^ Pryment Ju -Dec Jan Feb Mar April Me June•• Total
1 2001 Housio k stollen To.All..bon Bonds Bank of New York Trust Refinance 1991 Hutton,Tax Allocation Bon 5030290 831352 LMIHF 386831 92)59 3)2]59 4855f8
2 2001 Tax Allocation Refunding Bonds,Ssrtesq Bank of New York Melon Trust Refinance 1994 Tax Monsoon Bonds 29470886 19,l RPTTF 824564 3]54B9 )4]214 1122703
3 2004 Tax Alloation RefundingBonds SeiiesB Bank of New York Melon Trust Refinance 1994 Tax Allocation Bonds 19453293 10033M RPTTF 390628 2163]6 396378 612756
120W Tax Allocation Bond.,Some A Bank of New York Melon Trust Ce6al P.oada 23950388 928533 RPTTF 309613 309812 309613 619225
5 2007 Taxable Tax Alloassn Bonds Bad..B Bank of Now York Melon Trust Pro e A ui.6bn 3054458 115941 RPTTF 55647 58847 58647 117294
612007 Taxable Tax AYocation Bonds Santa C Bank of Naw York Mellon Trust Pn A l.hbn 12 401609 $48 503 RPTTF 325,164 196 669 328 WO 523 339
T S8211 Pament-RivanNa County Riverside County Tax Pursuant to Sector,3360]7 ]4102] 2T]OB RPTTF IBBT 23021 23021
8 SB211 Po M-C of PalmSnna C of Palm Stations To.Shadn Pursuant to Betoken 33607.714673504 347285 RPTTF 27615 319670 319870
9 SB211P meter-PalmSdos Unified School Di Palms ten .Unified School DiVA Tax Shadn Pursuant to Sedion 33607.7 10018661 234244 RPTTF 28298 207946 207946
10 $B 211 Pa nt-Coke of the D...n College of the Dnen Tax Sharing Pursuant to Section 338W.) 2859455 68668 RPTTF 7312 59354 59354
11 55 211 P met-Coun OMce of Eduuhon Coun Office of Educatiion Tax Sharing Pursuant to Sadion 33607.1 1555795 383]5 RPTTF 4083 32292 32292 m
12 SB 211 Pemflt-RMnMe Coun Regional Pa Rlvar.ide Coun Regional Park Tax Sharing Pursuant to Sedbn 33607.7 315184 5083 RPTTF 390 4693 4693 x
13 SB 211 Pa meterRW..We Coun Flood Cord R'rvenide D0.0 Flood Control Tax Shadn Punuant to Section 33507.7 310392 8485 RPTTF 217 8248 8248
14 50 211 Payment-Cemata District Gamete DIaNd Tax Shadn Pursuenno Section 3360),] 45006 716 RPTTF 109 825 825 =
15 SB 211 Pamenl-Ho. 6tl DLMct Ho ilal Dirylot Tax SharonPufsusnl to Sedbn 33607.7 14)1]16 23905 RPTTF 1902 22003 - 220D3 W
18 SB 211 Pa nt-Mosquito Abatement District Mosquito Abatement Mithid Tax Shah Pursuant to Sedbn 33507.7 36167 1347 RPTTF 228 1119 1119
f) SB 211 Payment-Resource ConservaSon D'utnct Resources ConsenaBon District Tax Sharing Pursuant to Sedbn 33607.7 4574 102 RPTTF 13 09 89
1e S8211 Pamtnt-CosoheSe Valle Water Dle ' Colonels Vale Water Dintnd Tax Sharin Pursuant 10 S6dion 33607.7 760 9 RPTTF 1 8 8
19 SS211 Pemtnt-C 1)Stoma Wells,Madrid CVWD Slorm Water Dbttld Tax Shadn Pursuant to Sedbn 33007.7 973 11 RPTTF 1 10 10
20 Coneaclusl-Riverside Ooun Riverside Coun Tax Sharin Punuant In Section 33401 13311I657 3363044 RPTTF 0 1681522 1661$22 3303,"4 D
21 COntlaohal-Riwnitls County(Deferral) Rivonide Count, Tax SharingPursuant to Section 33401 Daf 3715988 1061711 RPTTF 530855 530855 530855
22 Comractual-Palms sunif dSonnetD hint Palm8 rite s Unified School DUM To.Sharin Punuant to Sedbn 33401 62272210 2534515 RPTTF 1292408 1292407 1292407
23 Contractual-College of the D...6 Codes.of the Deem Tax Sharing Pursuant to Brogan 33401 11 281449 560,1109 RPTTF 280404 280,405 280,405
24 Contractual-Coun Office of Education CountyOffice of Education Tax Shaun Pursuant to Seogon 33101 8133086 306fl0 RPTTF 153355 153355 153355
25 Ctmosmal-Riverside Coun Food Control Riverside Coun Flood Control Tax Sharin Pursuant to Section 33401 18218160 512316 RPTTF 0 238158 238168 36000 513316
2fi Conbwbal-Cemete DUMct Camera District Tax Sharin Pursuant to Section 33401 625989 30404 RPTTF 15202 15202 15202
L71 CenbaoWal-Mosquito Abaement Di.hict Monket.Abatement MaNd Tax Sharing Pursuant to Section 33401 8370571 311053 RPM 156942 155941 155941
?81 Contractual-Ceachelle Vab Weter Defect D...d WaterAeO Tax Sharing Pursuant to SeCudn 33401 8984 547 RPTTF 274 273 273
29 Cenbactual-Deaed Water Agency Need Water Ag.ney To.Sharing Pursuant to Section 33402 3080354 56731 RPTTF 28929 14464 14464 28928
30 Contractual.Dosed Water Agency,DS Overrule Deed Water Ageno, Tex Sharing Pursuant to Section 33102 17228000 783000 RPTTF 2810001 281000 261000 522000
D
Totele-This Page 3fi]169494 1602221 =1432
0535 1525018 0 0 1919680 5099606 109"B39
Totele-Page 2 813308]2 8720422 0048 239840 404434 355510 4243 1435350 6962490
Toteb-P.Be3 20270200 04fi5800 9100 205143 422000 SOOD 55000 1919031 45]52]4
1 0 1 Bd 4 51 23 84 4 991 22.......
RPTTF a Redevelopment Proper,Tax Trust Fund
LMIHF•Low and Moderate theatre Hoaing Fund "Includes Bond Net Service No in August and September 2012
ACA•Adminiebative Cost AfiOwance
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Name of Redevelopment Agency: Community Redevelopment Manus of the City of Palm Sprmga Page 2 of 3 Pages
Project Ame(a) Merged Project No.1 and Merged Project No.2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and 34169
Debt or Obllgatbn
as of June 30, Total Due During Source of Parsonant,b month
Project Name/Debt Obll Ilion Payee Description 2011 Fiscal Year P'Manl Ju Dec i Jan Feb I Mar I AMI M-v I June I Total
11 SERAF Loans Law Mod Housing Fund LMr.fMFY2W91l0.rd20l Wi1 SERAF P 5069848 RPTTF p
21 Orly Loan and Interest Of,0 Pals,S a s Operstref and Administrative Coats 1657163 1657163 RPTTF 1657163 1657163
3 Agreennent for Reimbursement City of PalmSpring. PSL-236 Lease 2880000 110000 RPTTF 110000 0
_41 A reamenl for RelmLuaement City of Penn S nn s Sustarnabdo,F Partial P menl of PSL 236 Lease 11254W 1125436 RPTTF 1125436 1125436
-51 Loan Low Mod%usino Fund Loan to Moment Pro c1 No.1 148,632 74,316 RPTTF 74,316 74,316
61 HM,nna Deferral Re ament Low Mod Musina Fund Prs1986 Set Aside Deferral 1532869 RPTTF p
] 20M Convention Center Bonds City of PalmSpring, en Conlrbuion to Convention CenterE 38800000 1600000 RPTTF 800000 800000 800000
81 Miscreant for Relfturseneent Ob of Porn Swings Westevnter Fund 1121) 8M 4137120 RPTTF 426939 60181 487120
_91 Coo atir.A cement Cft of Farm B nn a ISaladesarri 2O705000 W2286 I ACA 331085 55200 552W 552W 55200 55200 55200 331200
10 Coo aratin,A reament CRY 0Pelme do a Insurance 335000 18736 ACA SIMS 4934 4934 9868
III Cooperative Agminnart City of PwonSpring. Admmutrativa Charges 2195000 292241 ACA 148121 73060 73W0 IMA20
12 Coo rativeA roement City of Palo,Swirl.. Materials ad Supplies 1080.= 35W9 ACA 10745 4054 4054 4054 4054 4054 4054 24324
13 rativaA Agronomist C of PalmSpring, Burn Rental 438000 18000 ACA 18000 0
14 Contract Services-Audit Lance 8a11&wn hard Audit Sorriest 51800o 11000 ACA 4876 30W 3124 6124
15 Contract Services- WoodmBs adlin General L el Counsel 1817000 57700 ACA 17761 66% 6656 Be56 6656 6656 6659 39939
16 Contras Services-Le it Best Best&Kno er Redevelo mentSpecial Counsel 5130 14402 ACA 14402 0 m
1] Contact Services Consulting Tema Nova Consuhin consulting Services 3053 3053 ACA 3053 0 x
18 Confined Services Consulting Cannon Comnpalal ConsultingDovmlown Consulting144000 1440W Fund Balsas 54000 15000 15000 15000 15000 15000 15000 90000
19 Contact Services Consulting er Manton Financial Ma aia Services 11&10 meato Fund Baance 11640 0
20 Contract Servlesa-Fkanbal Harrell&Co AMiaoa Bond piadoaua aM Financial Analysis 20000 20000 ACA 5000 5000 5000 5000 20000 D7
21 Pro a Tax Coun of Raised. Pro a Tax an Acquired Pro 8400 6400 RPTTF 4200 4200 0400
Z2 Con9act Services-Other e. .mbale cek Various Various Consuhin Services 42911000 90339 ACA W9 15000 15000 15000 15000 15000 15000 90000
23 20110 en PO-Animal Sheher Aden F$.or&Maodaros Animal Beater Construction 32856 32856 Bond Proceeds 328% 0
L41 2011 DeanP0-Pnbrul Shelter SmaWetn Architects Animal Sheher Conslmction 15479 15479 Band ProceedsR650
0 D
25 2011 Open PO-Animal Shelter Pland Reprographics Animal Shelter Construction Bond Proceeds 0
26 20110 nPO-Animal Shaer lettered Fumed!Sew' Mimi Shaer Construction 25934 25934 Bond Proceeds 0
27 20110 en PO-An"Shaer West Teal Communications Animal Shaer Phone stem 9027 902] Bond Proceeds 0
8 2011 Often PO-Mimed Shatter Moore lamfano Goheman M.A..Nadia Bond Proceeds 0
29 20110 nPO-Animal Shelter Schroer Mfg Co Mimi Shelter Kennels and Intake Caere 17619 17619 Bond Proceeds 0
30 2011O nPO-Animal Shelter lake Son.Intluslars Animal Shelter Cruise 4469 0469 Bond Proceeds 0
31 20110 nPO-ConsWction Rid EngineeringS Palm Canon Widening5198 5198 Fund Balance 0
32 2011 Doan PO-Audit land Boll&Lun herd Audit Services 1,530 1 5W Fund Balance 0
1312011 0 PO-Financial Hanell&Co a Advisors Bond Disclosure and Financial Ana si fi65] 6667 ACA 6657 8657
34 Grounds Maintenance Various Operation dA Acquired!Property160000 8000 RPTTF 400 400 400 400 400 2000
35 ConllnuinMensuration, Various Animal Sheher Conatmdpn Bond Proceed. 90915 98915 Bond Proceeds 00 80
36 Continuingro nalans Various COD Master Plan 101449 101449 Fund Balance 50799 50000 100799
L71 Continuing ro nations Various Desed Feahion Plana Vision 3444 3444 Fund Balance 3444 0
L81 Continuing tlatkns Vanoua Coital Proeds 765557 965567 Fund Balance 250 W0 250000 250000 1555] 7fi555]
39 Houal Projects;and Pro rams To Be Determined Restricted Sala Proceeds to be usad for Low 182630 162 830 LMIHF 182 630 162 fi%
40 Capital Projects Various BoM Funtletl Ce het Prd cta 200]Bontl P 1 021 75] 1 021]5] Bontl Proceetls 1 021,757 1,021,757
Totals-This Pee B4,320,8]2 BJ20422 1,7%,931 1 4,110,1)48 1239,840 404,434 355510 1424,304 1 1435354 16,069490
RPTTF=Redevelopment Property Tax Truer Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=AdministraNe Cost Allowance
W
Name of Redevelopment Agency: Community Redevelopment Agency,of the CM of Peen Spain. Page of 3 Pages
Project Ana(.) Named Project No.1 and blamed Project No 2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Debt or Obligation
a of June 30, Total Due During Source of Payments by month
Protect Name I Deal Obligation Pa ee Desa fnn 2D11 Fiscal Year Payment Jul-Dec Jan Fab Mar A nl May June Total
t.1 Property Tax County of SB 255] ai 0211000 243000 RPTTF 243000 243000
2 Bond Trustee Fees Bank of New York Mallon Trust Trustee Fees 259600 13000 ACA 12857 143 143
3 Napoleon and Develu mntAgreement Endure Investments Financial Asastance 554000 277000 Fund Balance 229000 227000
4 Disos4on and DavebmenlAreement England lnyestmenn Financial Assistance 1400000 140000 Fund Balance 140000 140000
5 Owner Participation A reemnl VIP Mo1on Financial Assistance 900000 150000 RPTTF 160000 1so 0D0
6 LeaeelSublease Agreement VIP Motors Property Leese 3960000 00000 Leese Income 330000 55000 55000 55000 65000 55000 55000 330000
_71 20%11ousln Set Aetna Low Mod Housing Fund Houein Pro cland Pro term 1621100 1621100 RPTTF 1621100 1821100
0 Flood Cannot Trust Fund Various Flood Control Tex Shama Agency Account 1800000 1000000 Rmeme 1000000 18
9 Ni hlim aM Manor Improvements Low Mod HousingFuntl Low land Housln 00000
Project 60000 60000 LMIHF 60000 00000
10 Sunset Palm A nbmnte Low Mod Housing Fund Law Mod Haus If,Piueat 1500000 1500000 LMIHF 1500000
11 N lndlanlSen Rafael Project Low Mad Housing Fund Low Mod Housho Pra'ct 4500 4500 LMIHF 469 4031 4031
12
13
14
15
16
17 M
18 x
19
20
21 D7
22
23
24
25 D
26
2i
29
9
30
31
32
33
34
35
36
3]
30
39
40
Tatab-Thie Page 3 10,270,200.60 8466.600 1843326 1919100 1 205143 1 422000 1 55,00D 55.0001 1919031 4.575.274
RPTTF=Redevelopment Proyerly Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Administregve Coat Allowance
I�
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CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Secretary of the City of Palm Springs Community
Redevelopment Agency, hereby certify that Resolution No. 1432 is a full, true and
correct copy, and was duly adopted at a duly noticed meeting of the Agency Board of
the City of Palm Springs Community Redevelopment Agency on January 30, 2012, by
the following vote:
AYES: Board Member Lewin, Board Member Mills, Vice Chair Foat, and Chair
Pougnet.
NOES: None.
ABSENT: Board Member Hutcheson.
ABSTAIN: None.
?AMES THOMPSON, SECRETARY
munity Redevelopment Agency
City of Palm Springs, California Df/jolzolz