HomeMy WebLinkAbout1/1/2011 - CRA RESOLUTIONS RESOLUTION NO. 1428
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
AMENDING THE BUDGET FOR FISCAL YEAR 2011-12.
WHEREAS, Resolution No. 1420 approving the Budget for the Fiscal Year
2011-12 was adopted on June 1, 2011; and
WHEREAS the Executive Director has recommended, and the Board of the
Community Redevelopment Agency desires to approve, certain amendments to the
budget for Fiscal Year 2011-12.
NOW THEREFORE THE CITY COUNCIL 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 Merged Area#2 29301 Fund Balance 1 1220,780
ADDITION(S):
Fund Activity Account Amount
852 Merged Area #2 8202 Tahquitz Andreas Pending Voluntary 220,780
Alternative Cont Pro ram
PASSED, APPROVED, AND ADOPTED THIS 21ST DAY OF SEPTEMBER,
2011.
David H. Ready utive Director
ATTEST:
mes Thompson, Secretary
Resolution No. 1428
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Secretary of the Community Redevelopment Agency of
the City of Palm Springs, hereby certify that Resolution No. 1428 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 September 21, 2011, by the
following vote:
AYES: Board Member Foat, Board Member Hutcheson, Board Member Mills,
Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
ames Thompson, Secretary t ego 901 f
Community Redevelopment Agency
City of Palm Springs, California
RESOLUTION NO. 1427
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
REDUCING ITS ALLOCATION TO THE LOW AND
MODERATE INCOME HOUSING FUND FOR THE 2011-12
FISCAL YEAR AND MAKING CERTAIN FINDINGS AND
DETERMINATIONS.
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS HEREBY FINDS, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. Sections 33334.2 and 33334.3 of California's Community
Redevelopment Law [Health & Safety Code §§33000, at seq.] ("CRL") require the
Community Redevelopment Agency of the City of Palm Springs ("Agency") to use
twenty percent (20%) of taxes allocated to the Agency pursuant to Section 33670 of
the CRL ("Tax Increment") for the purpose of increasing, improving, and preserving
the community's supply of low and moderate income housing and to hold such funds
in a separate Low and Moderate Income Housing Fund until used ("Low and
Moderate Income Housing Fund").
Section 2. Assembly Bill 1X 27 ("AB 27") was passed by the State
Legislature and signed by the Governor on June 29, 2011 and is codified as Part 1.9
of the California Health and Safety Code ("Part 1.9").
Section 3. ABX1 27, upon the concurrent enactment of Assembly Bill 1X
26, establishes a voluntary alternative redevelopment program whereby the Agency
is authorized to continue to exist upon the enactment of an ordinance by the City of
Palm Springs ("City") to comply with the provisions of Part 1.9, including payment of
an annual remittance to the County Auditor-Controller("Remittance Ordinance").
Section 4. ABX1 27 authorizes the Agency to enter into an agreement with
the City whereby the Agency would transfer a portion of its Tax Increment to the City
in an amount not to exceed the amount of the City's annual remittance to the County
Auditor-Controller("Remittance Agreement").
Section 5. ABX1 27 authorizes the Agency to reduce its allocation of Tax
Increment to the Low and Moderate Income Housing Fund for the 2011-2012 Fiscal
Year if the City complies with the provisions of Part 1.9 and the Agency finds that
there are insufficient other moneys to meet its debt and other obligations, current
priority program needs or its obligations under the Remittance Agreement.
Section 6. The Agency has reviewed and duly considered the Staff Report,
documents and other written evidence presented at the meeting and believes that it
will be in the best interests of the City and the health, safety, morals and welfare of
its residents, and in accord with the public purposes and provisions of applicable
state and local law and requirements to reduce its allocation of Tax Increment to the
Low and Moderate Income Housing Fund for the 2011-2012 Fiscal Year by
$3,215,600 ("Allocation Reduction").
Resolution No. 1427
Page 2
Section 7. All other legal prerequisites to the adoption of this Resolution
have occurred.
Section 8. The Agency has received and heard all oral and written
objections pertaining to this matter, and all such oral and written objections are
hereby overruled.
Section 9. The Agency hereby finds and determines that the foregoing
recitals are true and correct.
Section 10. Based upon evidence in the record, the Agency finds that there
are insufficient other moneys to meet its debt and other obligations, current priority
program needs or its obligations under the Remittance Agreement, and that funds in
its Debt Service and Capital Improvement Funds have been earmarked for existing
bonded debt obligations, payment under development agreements, repayment of the
City operating loan, amounts due under tax sharing agreements and the first
installment for the borrowing of the 2009-10 SERAF payment from the Housing
Fund.
Section 11. The Agency finds and determines that it is necessary to
implement the Allocation Reduction for the 2011-2012 Fiscal Year.
Section 12. The Agency Executive Director, or designee, is hereby
authorized to take such actions as are necessary and appropriate to carry out and
implement the Allocation Reduction for the 2011-2012 Fiscal Year upon the City's
enactment of the Remittance Ordinance.
Section 13. This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED, AND ADOPTED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS THIS 21ST DAY
OF SEPTEMBER, 2011.
David H. Ready, Exe irector
ATTEST:
James Thompson, Secretary
Resolution No. 1427
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Secretary of the Community Redevelopment Agency
of the City of Palm Springs, hereby certify that Resolution No. 1427 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 September 21, 2011, by the
following vote:
AYES: Board Member Foat, Board Member Hutcheson, Board Member Mills,
Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
es Thompson, Secretary tplaq tov
ommunity Redevelopment Agency
City of Palm Springs, California
RESOLUTION NO. 1426
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A
PRELIMINARY DRAFT OF AN INITIAL RECOGNIZED OBLIGATION
PAYMENT SCHEDULE (IROPS) PURSUANT TO PART 1.8 OF
DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE AND
TAKING CERTAIN ACTIONS THEREWITH.
THE BOARD OF THE CITY OF PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY FINDS:
A. The Community Redevelopment Agency of the City of Palm Springs (the "Agency") is a
redevelopment agency in the City of Palm Springs (the "City"), created pursuant to the
Community Redevelopment Law [California Health & Safety Code §§33000, et seq.]
("Redevelopment Law").
B. The Central Business District Redevelopment Project was established on July 11,
1973, by Ordinance No. 959 and amended by Ordinance No. 1276 on November 11,
1986, Ordinance No. 1497 on December 21, 1994, Ordinance 1576 on December 15,
1999; Ordinance Nos. 1649 and 1651 adopted May 4, 2004; and Ordinance No. 1760
adopted May 27, 2009.
C. The South Palm Canyon Redevelopment Project was established on November 30,
1983, by Ordinance No. 1203 and amended by Ordinance No. 1494 on December 21,
1994, Ordinance 1576 on December 15, 1999; Ordinance Nos. 1649 and 1651
adopted May 4, 2004; and Ordinance No. 1760 adopted May 27, 2009.
D. The Ramon-Bogie Project was established on November 30, 1983, by Ordinance No.
1202 and amended by Ordinance No. 1490 on December 21,1994, Ordinance 1576 on
December 15, 1999; Ordinance Nos. 1649 and 1651 adopted May 4, 2004; and
Ordinance No. 1760 adopted May 27, 2009.
E. The Oasis Redevelopment Project was established on July 10,1994, by Ordinance No.
1224 and amended by Ordinance No. 1495 on December 21, 1994, Ordinance 1576 on
December 15,1999; and Ordinance Nos. 1649 and 1651 adopted May 4, 2004.
F. The North Palm Canyon Redevelopment Project was established on September
19,1984, by Ordinance No. 1227 and amended by Ordinance No. 1498 on December
21,1994, Ordinance 1576 on December 15,1999; and Ordinance Nos. 1649 and 1651
adopted May 4, 2004.
G. The Highland-Gateway Redevelopment Project was established on November 20,
1984, by Ordinance No. 1231 and amended by Ordinance No. 1491 on December 21,
1994, Ordinance 1576 on December 15,1999; and Ordinance Nos. 1649 and 1651
adopted May 4, 2004.
Resolution No. 1426
Page 2
H. Project Area No. 9 was established on December 29, 1988, by Ordinance No. 1321
and amended by Ordinance No. 1496 on December 21, 1994 and Ordinance Nos.
1649 and 1651 adopted May 4, 2004.
I. The Central Business District Redevelopment Project, the South Palm Canyon
Redevelopment Project, the Ramon-Bogie Redevelopment Project, the Oasis
Redevelopment Project, the North Palm Canyon Redevelopment Project, and the
Highland-Gateway Redevelopment Project were merged on May 31, 2000, by
Ordinance No. 1584 to become Merged Project Area No. 1.
J. The Tahquitz-Andreas Redevelopment Project was established on July 19,1983, by
Ordinance No. 1187 and amended by Ordinance No. 1489 on December 21,1994;
Ordinance 1576 on December 15,1999; Ordinance Nos. 1650 and 1652 adopted May
4, 2004; and Ordinance No. 1760 adopted May 27, 2009.
K. The Baristo-Farrell Redevelopment Project was established on May 7,1986, by
Ordinance No. 1267 and amended by Ordinance No. 1493 on December 21, 1994;
Ordinance 1576 on December 15,1999; and Ordinance Nos. 1650 and 1652 adopted
May 4, 2004.
L. The Canyon Redevelopment Project was established on July 19, 1991, by Ordinance
No. 1388 and amended by Ordinance No. 1492 on December 21, 1994 and Ordinance
Nos. 1650 and 1652 adopted May 4, 2004.
M. The Tahquitz-Andreas Redevelopment Project, the Baristo-Farrell Redevelopment
Project and the Canyon Redevelopment Project were merged on May 31, 2000, by
Ordinance No. 1583 to become Merged Project Area No. 2.
N. The Agency is undertaking a program to redevelop the Project Areas.
O. ABX1 26 was signed by the Governor of California on June 29, 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. Commencing upon the effectiveness of ABX1 26,
ABX1 26 suspends most redevelopment agency activities and, among other things,
prohibits redevelopment agencies from incurring indebtedness or entering into or
modifying contracts. Effective October 1, 2011, ABX1 26 dissolves all existing
redevelopment agencies and redevelopment agency components of community
development agencies, provides for the designation of successor agencies as
successor entities to former redevelopment agencies, and imposes numerous
requirements on the successor agencies and subjects successor agency actions to the
review of oversight boards established pursuant to the provisions of Part 1.85.
P. 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 by no later than September 30, 2011. The IROPS 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.
Resolution No. 1426
Page 3
Q. ABX1 27 was signed by the Governor of California on June 29, 2011, adding Part 1.9
(commencing with Section 34192) to Division 24 of the California Health and Safety
Code. Part 1.9 establishes an Alternative Voluntary Redevelopment Program whereby,
notwithstanding the provisions of Part 1.8 and Part 1.85, a redevelopment agency will
be authorized to continue to exist and carry out the provisions of the Redevelopment
Law upon the enactment, prior to the applicable deadline established in Part 1.9 (with
the earliest deadline being October 1, 2011), by the City Council of the city which
includes that redevelopment agency of an ordinance to comply with Part 1.9. Pursuant
to Health and Safety Code Section 34192, if a city participates in the Alternative
Voluntary Program and complies with all requirements and obligations contained in
Part 1.9, the redevelopment agency in that city will be exempt from Part 1.8 and Part
1.85.
R. The California Redevelopment Association and League of California Cities have filed a
lawsuit in the Supreme Court of California alleging that ABX1 26 and ABX1 27 are
unconstitutional. On August 11, 2011, the Supreme Court of California decided to hear
the case and set a briefing schedule designed to allow the Supreme Court to decide
the case before January 15, 2012. On August 11, 2011, the Supreme Court also issued
a stay order, which was subsequently modified on August 17, 2011. Pursuant to the
modified stay order, the Supreme Court granted a stay of all of ABX1 27 (i.e., Part 1.9),
except for Health and Safety Code Section 34194(b)(2) (relating to the determination of
cities' fiscal year 2011-12 remittance amounts) and a partial stay of ABX1 26. With
respect to ABX1 26, Part 1.85 was stayed in its entirety, but Part 1.8 (including Health
and Safety Code Sections 34167 and 34169) was not stayed. Accordingly, the Agency
desires to approve a preliminary draft of an Initial Recognized Obligations Repayment
Schedule.
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS
HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
SECTION 1. The above recitals are true and correct and are a substantive part of
this Resolution.
SECTION 2. This Resolution is adopted pursuant to Health and Safety Code
Section 34169.
SECTION 3. The Agency hereby approves the preliminary draft of an Initial
Recognized Obligations Repayment Schedule substantially in the form attached as Exhibit
A to this Resolution and incorporated herein by reference (the "IROPS"). The Executive
Director of the Agency, in consultation with the Agency's legal counsel, may modify the
IROPS as the Executive Director or Agency Counsel deems necessary or advisable.
SECTION 4. The Agency Secretary is hereby authorized and directed to transmit a
copy of the IROPS to the successor agency designated pursuant to Part 1.85 if a
successor agency has been designated.
SECTION 5. The Agency hereby designates the Director of Finance or the Director
of Community & Economic Development as the officials to whom the Department of
Finance may make requests for review in connection with the ROPS and who shall
provide the Department of Finance with the telephone and e-mail contact information for
the purpose of communicating with the Department of Finance.
Resolution No. 1426
Page 4
SECTION 6. The officers and staff of the Agency are hereby authorized and
directed, jointly and severally, to do any and all things which they may deem necessary or
advisable to effectuate this Resolution, and any such actions previously taken by such
officers are hereby ratified and confirmed.
SECTION 7.The approval of the IROPS is not intended and shall not
constitute a waiver by the Agency of any right the Agency may have to challenge the
legality of all or any portion of ABX1 26 or ABX1 27 through administrative or judicial
proceedings.
SECTION 8. This Resolution has been reviewed with respect to applicability of the
California Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California
Code of Regulations, Title 14, Sections 15000 of seq., hereafter the "Guidelines"), and the
City's environmental guidelines. The City Council has determined that this Resolution
is not a "project" for purposes of CEQA, as that term is defined by Guidelines Section
15378, because this Resolution is an organizational or administrative activity that will
not result in a direct or indirect physical change in the environment. (Guidelines Section
15378(b) (5)).
PASSED, APPROVED, AND ADOPTED THIS 21ST DAY OF SEPTEMBER, 2011.
David H. Ready, Give Director
ATTEST:
ames Thompson, Secretary
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Secretary of the Community Redevelopment Agency of the
City of Palm Springs, hereby certify that Resolution No. 1426 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 September 21, 2011, by the following vote:
AYES: Board Member Foat, Board Member Hutcheson, Board Member Mills, Vice
Chair Weigel, and Chair Pougnet
NOES: None.
ABSENT: None.
ABSTAIN: None.
6/1 nes Thompson, Secretary 1 e/y}/=ori
Community Redevelopment Agency
City of Palm Springs, California
Name of Redevelopment Agency: Conexanity Redevelo ment Anancy of the City of Palm S dos Page t of 3 Pagea
Project Awa(a) Merged Project No.1 an Marred Project No.2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE -
Per AS 25-Section MIST and 34169(')
Tod Outstanding TOW Due During Source of SOPS Total Pa maul by Mr,
Pro ctName/DebtD Bon Paw Description Dold"Obfiludlon Fiscal Year Pointed ANOse Jan Feb Mar May M319670
TOW
1 2001 Housin Tax Allocation Bonds 9enk Of New York Mda Trust ReManm 1991 HousingTax Allocation Bon b030 90 01.03 LMIHF 3611834 92769 92769
2 2004 Tax Allocation Refunding Bone,Series Bank of Now York Melon Trust ReManca 19N Tax Allocation Bonds 24QOB86 1200053 RPTTF 824554 378489 355459
3 2004 Tax Allocation RefundingBonds Sods.8 Bank of New York Mallon Trust Refinanca ION Tow Allocation Sends 16453293 607005 RPTTF 390628 218378 218378
4 2001 Tax Allocation Bond• Serve Bank of New York Mellon Tnel Capital Proede 23960311 619226 RPTTF W9613 30982 300612
S 2007 Taxable Tax Allocation Bands Sams Bonk of New York Md.Trust Pro uteitign - 38644511 1172I RPTTF 58647 58647 58647
e 20o7 Taxable Tex Allocation Bonds Sada.0 Bankof New York MNlan Tmat Pro Acquisition 12407609 521513 RPTTF M515/ IN.Wit 105888
SS 211 FarmM-Rivoraide CountyRh+rdle Coun Tax Shad Pursuant b Slogan 33807.7 744M7 27708 RPTTF 4687 23M1
8 SB 211 Pa meM- of Pal.S Po s C ofPalm Boards; Tax Shinn PunuaM b Section 3WO7.7 115735041 347285 RPTTF 27615 31987119 SB 211 Pa roont-PalmM n s Unified School Dl PalmS do s UnlBed Sdwol District Tax Shaun Pursuant to Section 33W7T 10018601 234244 RPTTF 28298 2W 94610 88211 Po ment-Celle eof tee Dosed Coll eoftiro Desert Tax Shatln PunueM to Section 33607,7 2559455 BB BBB RPTTF 7312 5036411 S 211 Pa ment-Count Oltia of Education Coun Once of Eduatlon Tax Shan Pursuant to Bad.330W 7 1555 795 38 BT5 RPTTF 4 083 32 212
L21 SB 211 Pe men-Riverside County Regional Park Rlvenids County Re lanal Park Tax Sharing Pursuant to Section 336077 315184 8083 RPTTF 1 390 4693 4693
13 SS 211 Pa meal-Rlvenids CountyFlood Control Rivendo CountyFlood Control Tex Shed Pursuant b Section 336071 310302 8465 flPTTF 217 8248 8248 -
1458211PalroM-Cemfo District CamberDistrict Tax She Pursuant to Section 33607.7 45000 716 RPTTF 109 825 825
1558211 Pa meal-IsolatedDistrkl Hoe ' Dialect Tax ShowingPunuantbSecond 33807.7 1177715 23905 RPTTF 19M 22 W3 22003
16 OR 211 P mom-Moe Mosquito Abatement InsMd Mosquito Abatshout Dadiicl I."earn Pursuant to Section 33007.7 3515T 1347 RPTTF 228 1119 1119 -
17 58 211 P ment-Rasoume Consmvatia Dlehict Rewum Conservation DisMd Tax Shern Pursuant 10 Section 3WO7.7 4,574 1 RPTTF 13 BB 69
18 SB 211 Pa ment-Coacholl•ValleyWeyer District Coachella Vall VVtrler District Tax Shading Pursuance b Section 33807.7 768 9 RPTTF 1 8 8
19 SB 211 Pa manl-CVVVO Storm Water District CV WD So"under DISMd Tax Sharing Pursuant b Section 33607.7 973 11 RPTTF 1 10 10
20 ConWctoal-Rivenlde Coun Rivmside Coun To.Sharing Pursuant lO Section 33401 133111557 33630M RPTTF 0 1881522 1661522 33630M
21 Contractual-Riverold•Coun Deteml Rlwnbe CountyTax SharingPursuant SOOBDn 3310t Def 3715908 106171 RPTTF 530855 530955 530855
22 ConWn Al-Palm n s United School District Pelm$ 'n s UnByed School Dletdd Tax Shad Punuenl b SacBan 33401 52 272 210 2,614,515 RPTTF 1291408 121107 12M 107
23 Cwddual-Cope altln Need collegeof be Dowd Tax ShadingPursuant b Monaco 33401 11281449 580809 RPTTF 280404 2804p5 280405
24 Contractuel-Co Office of Education CountyOlfia of Education Tax Shaft Pursuant to Section 33401 8133086 308710 RPTTF L424
153355 153355 -
25 Contractual-Riverside CountyFlood Control Rlvenlde Coun Flood Control Tax She' Pursuant Is Susan 33401 18218100 512316 RPTTF 238168 238158 36000 512316
28 Conlranual-Cement Dlsbcl Centenary District Tax Shatln Pursuant W Shoon 33401 628989 30404 RPTTF 15202 18202 '
27 Contra el-Mo ullo AbaWant District Mo uBOAn temenI District Tax Shatln Pursuant to Section 33401 6370571 311883 RPTTF 155941 156941
28 Contnolu l-Coachella Valle Water District Desert VVater m Tax Bharin PunuoMbbactian 33401 11984 547 RPTTF 273 273
2B Contractual-Cased WalerAan Dared Weyer on Tax Shaun Pursuant[b Section 334M 2080354 8578 RPTTF iHB4 14481 28928
30 C Mnxctnl-Dowd Man Agency DS Override Dosed Water en Tax SharingPursuant to Seclbn 33402 17228000 78]000 RPTTF 2610M 261000 522000
0
TOMH-Thb Page W7189404 13M.M 2450535 1625018 0 0 1919850 2886325 8783558 '
ToyeM-Pege2 546B7of B 1 73115115 B5 460043 5MM 13954M W21W 210495 3367132
Touts-Pege3 iB6]M OOD 821 50 3 2B0 632(N) 306000 ORIN 1855100 anon 0
Grand total-Ad Pa ea
RPTTF•Redevelopment Property Tax Trust Fund
LMIHF•Low and Moderate Income Housing Fund
ACA•Adminidenve Cast Allowance
N
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Ma)acl Arss(s) Merged Proled No i and Montag Pooled No.2 Pe9e 2.of 3 Pages
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 28•SOCd0n 34187 and 34189 r)
ad Name/Debt P D91cotion Total Oudterking Tote)Due During Source a EOPS Total Pa memo b moron
Obl on Fiscal Year Payment A pw Jan —Feb or q nl Ma Juna Total
1 BERAF Lone low Fund! lean l Hou Fun tar FY2008/70 wd 201 a11SERAF ot Palm 50BB Bq8
CBylwnantl IMxart
3 la Rsimpseenkm of Palm and AbmmhbaBve Costs 1049000 1848000 RPTTF 0
PSL-238 LMN 2860000 110000 RPRF 110000 1849000 1849000
1 IarRWrldaaamNa of Palm SwnlneM' PaHW Pre nlemaP8L 2381aue 1,516,690 101100 RPTT 0
5 lean 1pn MW Houston Fund Wen b Me W P am No.7 101 108 101108 8 HoN Dalernl Recommend law Mad Hous Fund Pr►1980$etgaltla teneb 740832 71378 RPTTF 74316 74315
7 2004Covamon Canla Bonds aPNm dos 1 M2889 RPTTF 0
B A emfa Ram9wnemam A w c wbudm to CowonOon Canter 38800000 1800000 RPTTF 800000 900000
C ofPalm aNhstewaler Fund - 1120380 MOO RPITF e00000
B Salutes and BerNSte - 73820 73820 1 A C aPs9n s 20705000 813480 AG
Of Palen. InaurNx:e 257000 52000 52000 52000 52000 52000 52000 3120d0
11 A of Palm 335000 17 738 ACA 2 834 2 834 z 931 S BBB
1 C am AdmWabetlw Cite 2195000 292241 ACA 73080 73080 ]3000
aP1 al ....arkM M 1000000 35009 ACA 146120' '
19 C w raarllwt aPelm Bn s eulkl Re0al 11:. 4uw 3wo 3000 3000 3000 3000 180p0
14 Camnd$ervkea•Audk lame 9oIIGW AutlN BNvlpa 430000 18000 ACA 1 0D0 0
Is CaMnd Sankp• yWo6061 518000 17000 ACA 11 Ow
1 Cobad Seeress• ONlml CoruN 1017000 57700 ACA 0
Beat Beek 20000 5000 5000 6000 5000 5000 5000 30000
1 Cantrwt Sarvlas• arre Nova Counsel 5000 6000 M 3000
1 Cantrwd Sandaa• Commensal ComMB 8ervlcaa 4000 1000 ACA 4800 0
Con tOB000 tOB000 ACA 0 1 Canbad Servkea•Coin Ka tar Mahlon FIMntlY No&nleaa 49200 10 B00 1080p tOB00 tOB00 10800 10800 B/B00
Carved Sankas-Financial 8380 3300 ACA 0380 0
InandM HNM1IIBCan AMlsan Boni Oisdoeun and Finandal Mel W 20000 20000 ACA 6000 5000 8000 5000 15000
P7 T%x Con' of Rlvanitle TaxoA WrM 8400 8400 RPTTF g200 8-cm. Various Vance Cane SaMae 4 20a 4 200
23 2011 Po•Animal&teeter 4288000 22p 816 ACA 00000 1500p 15000 15000 15000 15000 15000 90000
AINn F8mw18Aacts Animal SMltx Corubudbn 32858 32 BSB Borg Proaam 32858 0
24 2011 Po-MmW SMa awMNn Artlmwte Animal Stella Combuctlon 21 BBB 21 B8B Bak ProCNds 21 BBB z5 2011 Po-ANmN 9MBr PtenitR AnimM 8nel CosmMten BOB BOB BOM ProuaM 808 0
2071 nPo•Animal Shelter I oll Rork AMmN Slnitar CorumrpkN 28016 28018 Bolk Prooeda 20016 0
11 Po-MI N NTeN mu19u8an MImM he rPnoM Nam 9027 9027 Bork Prouada 002] 0
2 2011 Po•Aomk 3naBar Macro laonwo Oonemen Downtavm Main 2005 2055 Bond Pivots a 0
2071 nPo•ANnnISMBN SchmxM Co - Anlmel Shatter KermNs endinWra w 17984 17N4 Song pracwba 77 B8/ 0
2011 nPo-MNW SMIIx Lake Stet lhtluabiea AmmN 8hN1aC s 4469 4409 Bak ProoaM 4489 0
31 2011 PO Canabuc4o RIrA S Palm Can VAdmft jWlHF
F1nb BNNIu 8 iB8 0 2011 PO-Audit lance SOB& udX Sarvksa 0
98 2011 Po•Finarldal 1890 G 7 530 0. -
MemepBCan Advlaas Bod Dlsdosun and Fliandal A N 0667 ACA 0087 0
94 OroirrlM MemMIMmw Vedas aA ww Pro 1w0000 RPTTF 8000 400 4W 4W 400 400 2000
Cantlnuln A Boa Vedaus AnImal3nNlar Constmcyo Boni Procows 91073 Bond Prooads 91073' 0
3B Commdn A Batloa Various COD Master Plen 101449 1Fund Balance 50000 51 M9 51 MB
3 Dotlnd A Mtlons Vadous Dean Faahian Plesa Vplon 34N Fund Balance 3,M4 0
Coin Venous C 7e5557 7Fund Balance 250000 250000 250000 15557 7855$7
H and TO eo OstarmteM K"Incted Bab Prawada to be usatl Nr Low 182830 1LMIHF 182830 1828301,021,488 1,OBond Praceeda250,000 250,000 250,000 250,000 21,488 1021,488
TOW,-TMa • 1708144 88,200 48B,893 588,200 1395100 88$194 2,188495 15387,132
RPTTF a Rod"opmenl Pnpany Tax Tmst Fund
LMIHF a low and Moderate Wool Housing Fund
ACA•AdnArnballw CONAbwa ce
C"
Name of Redevelopment Agency; Community Rodevebpmant Agony of to CRY of Palm Springs Page of 3 Pages
Project MR(,) Msmed Pmpct No t and MOM"Prolan No.2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Total Outsdnding Total Due During Source of EOPSTodI Pa end by month
ProeM Name)Debt OLtll atlon Pa ee Description Debt or Obll alon Fiscal Year Payment I Au Dec I Jan I Fob Mer 'I Me Juna TOW
1 Pro a Tax Collection Fees Countyof Rivarelde BB 2557 Fen 8211000 243000 RPTTF 243000 240000
2 Bond Tusee Feee BeM of Now Yolk M.N.Twl Trustee Fees 26B 800 g 000 RPRF 9.000
3 Die soon and Dweb rd reamena Excess lnseabnonls FWoncial Aeadtarwe 554000 277000 Fund Belau 227000 227000
4 de a0on and Des nt rnmeM Endue ln.slmend Financial Atahne. - 1400OW 140000 Fund BeMoe 140000
5 O.mer Pa tlon morn) VIP Masan FIMIMaIAuddnG 000000 150000 RPTTF 150000 150000
8 UaNI8uf8eenA rnmenl VIP mouses Pm Us. J050000 880000 1".Income 275M 56000 55000 53000 55000 WON 53000 330000
7 20%Housln Set"Ws Low Mod HousingFund Housln Pm'cd and me 100478400 3242200 RPTTF 1,521,100 1521100 9242200
8 Fbod Conbol Truel Fund Various Flood Conbol To.Shade Agency Account 1000000 Reserve
B NI hlen ad Manorl ,emend Low Mod HousingFund Low Mod Housin ProW 50000 80000 LMIHF 80000 00000
10 Howie Pro sots and Pm nma Low Mod Housln Fund Fund Badids Dael oared brHousln Proa 10160000 LMIHF 250000 250000 250000 250000 260000 1250000
11 ReMltana roemenl cityof PelmS tlna Rsimburoement for AB 27 Pe nts 20921 NO 3438380 RPTTF 7710190
12 1710 i00 3438300
13
14
15
is
7
1a
10
20
21
22fl
23
24
25
25
2
25
2B
30
31
32
33
34
35
38
37
38
30
40
Totals-This Page 1f105702000.00 8217,580 1 1 424,000 3 337200 455M, 532,000 305,000MI
RPTTF•Redevelopment Property Tax Tmsl Fund
LMIHF•Low and Motlerote Income Housing Fund
ACM Administ a Wa Cost Allowance
v
i
RESOLUTION NO. 1425
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, RESCINDING RESOLUTION
NO. 363 AND AUTHORIZING THE INVESTMENT,
DEPOSIT, AND WITHDRAWAL OF COMMUNITY
REDEVLOPMENT AGENCY MONIES IN THE LOCAL
AGENCY INVESTMENT FUND.
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429.1
was added to the California Government Code to create a Local Agency Investment
Fund in the State Treasury for the deposit of money of a local agency for the purposes
of investment by the State Treasurer; and
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs
does hereby find that the deposit and withdrawal of monies in the Local Agency
Investment Fund, in accordance with the provisions of Section 16429.1 of the
Government Code, for the purposes of investment as stated therein, to be in the best
interests of the Agency.
NOW THEREFORE THE COMMUNITY REDEVELOPMENT AGENCY
DETERMINES, RESOLVES AND APPROVES AS FOLLOWS:
SECTION 1. That the deposit and withdrawal of Agency monies in the Local
Agency Investment Fund in the State Treasury in accordance with the provisions of
Section 16429.1 of the Government Code for the purpose of investment, as stated
therein, is hereby authorized.
SECTION 2. That the following Community Redevelopment Agency of the Palm
Springs officers or their successors in office shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund, on behalf of the Agency:
Geoffrey S. Kiehl - Director of Finance and Treasurer
James Thompson - City Clerk/Assistant Secretary
Nancy Klukan -Assistant Director of Finance
Robert Burkholder-Accountant (Deputy Treasurer)
ADOPTED this 7TH DAY OF SEPTEMBER, 2011.
ATTEST: David H. Ready, Exe hector
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, California, hereby certify that Resolution No. 1425
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 the 7ch day of
September, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Mills,
Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
?mes Thompson, Assistant Secretarymunity Redevelopment Agency of
The City of Palm Springs, California
aq/2g�2O11
RESOLUTION NO. 1424
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)
PURSUANT TO ABX1 26 AND ABX1 27.
WHEREAS, 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 hopes 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 ABX1 26 and ABX1
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, ABX1 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, ABX1 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 ABX1 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
Resolution No. 1424
Page 2
WHEREAS, under the threat of dissolution pursuant to ABX1 26, and based
upon the contingencies and reservations set forth herein, the Agency establishes the
foregoing Enforceable Obligation Payment Schedule (the "Schedule") to be able to
continue redevelopment activities that were begun prior to the effective date of ABx1 26;
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, the Agency is aware that an action challenging the constitutionality
of ABX1 26 and ABX1 27 has been filed on behalf of cities, counties and redevelopment
agencies; and
WHEREAS, while the Agency currently intends to comply with the state-
mandated obligations established hereunder, they shall all be made under protest and
without prejudice to the Agency's right to recover such amounts and interest thereon, to
the extent there is a final determination that ABX1 26 and ABX1 27 are unconstitutional
or otherwise infirm, including state-mandated costs for complying with the establishment
of the Schedule and any amendments thereto; and
WHEREAS, the Agency reserves the right, regardless of any actions taken
pursuant to this resolution, to challenge the legality of ABX1 26 and ABX1 27 and seek
reimbursement for compliance costs of this state-mandated program; and
WHEREAS, to the extent a court of competent jurisdiction enjoins, restrains, or
invalidates the effectiveness of the Alternative Voluntary Redevelopment Program's
payment obligation of ABX1 26 and ABX1 27, the Agency shall not be obligated to this
Schedule or comply with the terms and conditions of ABX1 26 and ABX1 27 and this
resolution shall not be construed as any waiver or disclaimer of its rights with respect to
such injunction, restraint or stay; and
WHEREAS, all other legal prerequisites to the adoption of this resolution have
occurred.
NOW, THEREFORE, BE IT RESOLVED that the Agency Board of the Palm
Springs Community Redevelopment Agency 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.
Resolution No. 1424
Page 3
SECTION 3. 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 on the Agency's website,
and the provision of notice of adoption of this Resolution and such Schedule to County
auditor-controller, the State Controller and the State Department of Finance.
PASSED, APPROVED, AND ADOPTED at a special meeting of the Community
Redevelopment Agency of the City of Palm Springs, California, on this 25th day of
August, 2011.
David H. Ready, irector
ATTEST:
mes Thompson, Agency Secretary
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Secretary of the Community Redevelopment Agency of
the City of Palm Springs, California, hereby certify that Resolution No. 1424 was
adopted by the Agency at a special meeting held on the 25th of August, 2011, and that
the same was adopted by the following vote:
AYES: Board Member Foat, Board Member Mills, and Chair Pougnet.
NOES: None.
ABSENT: Board Member Hutcheson and Vice Chair Weigel.
ABSTAIN: None.
mes Thompson, Agency Secretary
Community Redevelopment Agency
City of Palm Springs, California rely z.G/zoE✓
RESOLUTION NO. 1423
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING A REAL
PROPERTY COOPERATION AGREEMENT BETWEEN
THE CITY OF PALM SPRINGS AND THE COMMUNITY
REDEVELOPMENT AGENCY FOR PAYMENT OF COSTS
ASSOCIATED WITH CERTAIN COMMUNITY
REDEVELOPMENT AGENCY-FUNDED CAPITAL
IMPROVEMENTS AND AFFORDABLE HOUSING
PROJECTS. A6124.
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Real Property Cooperation Agreement between the City of Palm
Springs and the Community Redevelopment Agency for Payment of Costs Associated
with Certain Community Redevelopment Agency-Funded Capital Improvement and
Affordable Housing Projects ("Agreement') is hereby approved.
SECTION 2 The Executive Director or his designee is hereby authorized to execute all
documents related to the Agreement.
ADOPTED THIS 6tn day of July, 2011.
ATTEST: David H. Ready, Ex erector
ames Thompsorr, 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 City of Palm Springs, hereby certify that Resolution No. 1423 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 July 6, 2011, by the following vote:
AYES: Agency Members Foat, Hutcheson, Mills, and Vice Chair Weigel.
NOES: None.
ABSENT: Chair Pougnet.
ABSTAIN: None.
es Thompson, Assistant Secretary
ommunity Redevelopment Agency of
the City of Palm Springs, California0�/�T'Z81
RESOLUTION NO. 1422
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFRONIA,
APPROVING AN OWNER PARTICIPATION AGREEMENT
WITH PS HOUSING PARTNERS, LP FOR A FINANCIAL
COMMITMENT FOR A 23-UNIT LOW INCOME
ACQUISITION AND REHAB SENIOR HOUSING PROJECT
IN AN AMOUNT NOT TO EXCEED $1,500,00.00.
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs
(the AAgency@) has established an affordable housing set aside fund in accordance
with Section 33000 et. seq. of the California Health and Safety Code; and
WHEREAS, the funds are earmarked for the acquisition, construction, or
rehabilitation of affordable housing to benefit the community; and
WHEREAS, Sunset Palm Senior Apartments, proposed for low-income seniors,
was submitted for funding in the March 23, 2011 application round of the California Tax
Credit Advisory Commission for 9% Low Income Housing Tax Credits (LIHTC) under
Article 42 of the Internal Revenue Code; and
WHEREAS, the property developers, PS Housing Partners, LP, sought Agency
financial assistance to cover a portion of the development cost; and
WHEREAS, the property developers will apply for project funding from State
HOME funds and the Affordable Housing Program (AHP) of the Federal Home Loan
Bank Board and and have requested Agency assistance to strengthen the application;
and
WHEREAS, while all of the units are income-restricted under agreements with
CTAC, the owners shall agree to restrict, though a Regulatory Agreement approved as
an attachment to the Owner Participation Agreement, the rents on the proposed units to
levels affordable to families with incomes no more than 60% of Area Median Income
(AMI); and
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of
the City of Palm Springs, as follows:
SECTION 1. The above recitals are true and correct and incorporated herein.
SECTION 2. Pursuant to the California Environmental Quality Act (CEQA),
the Community Redevelopment Agency finds as follows:
Resolution No. 1422
Page 2
a) The project has been environmentally assessed and
determined to be a Class 1 Categorically Exemption
under CEQA (Section 15301) as an Existing Facility.
b) Under CEQA, Class 1 consists of the operation, repair,
maintenance, permitting, leasing, licensing, or minor
alteration of existing public or private structures,
facilities, mechanical equipment, or topographical
features, involving negligible or no expansion of use
beyond that existing at the time of the lead agency's
determination. The project involves negligible or no
expansion of an existing use.
SECTION 3. The Developer has proposed acquiring and rehabilitating 23
low- and very low-income apartment units on the site,
including 19 studio units, 3 one-bedroom units, 1 two-
bedroom units, and 1 manager's unit. This project helps the
City meet its requirements to provide affordable housing
under California law.
SECTION 4. The OPA effectuates the purposes of the Community
Redevelopment Law as it is intended to eliminate blight and
promote the health, safety and general welfare of the people
of Palm Springs.
SECTION 6. The proposed project is consistent with the Five Year
Implementation Plan and Housing Compliance Plan for the
Palm Springs Community Redevelopment Agency, insofar as
this project will provide additional housing for persons of low-
or moderate income within the City of Palm Springs.
SECTION 7. Based on foregoing reasons, this Owner Participation
Agreement with PS Housing Partners, LP is hereby approved
and incorporated herein by this reference.
SECTION 8. The Executive Director, or his designee, is hereby authorized
to execute on behalf of the Agency the Owner Participation
Agreement and other documents necessary to the
Agreement, and make minor changes as may be deemed
necessary, in a form approved by Agency Counsel.
Resolution No. 1422
Page 3
PASSED, APPROVED, AND ADOPTED THIS 15th DAY OF JUNE, 2011.
David H. Ready, ive Director
ATTEST:
?am�es Thompson, Assistant Secretary
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
1, JAMES THOMPSON, Assistant Secretary of the Community
Redevelopment Agency of the City of Palm Springs, do hereby certify that
Resolution No. 1422 is a full, true and correct copy, and was adopted at a regular
meeting of the City Council of the City of Palm Springs on the 15th day of June,
2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member
Mills, Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, Assistant Secretary
Community Redevelopment Agency
City of Palm Springs, California pb(ggl9ot
RESOLUTION NO. 1421
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS CALIFORNIA
AUTHORIZING THE TRANSMITTAL OF THE UNIFIED
REPORT FOR THE PROPOSED MERGER OF MERGED
PROJECT AREA NO. 1 WITH MERGED PROJECT AREA
NO. 2.
WHEREAS, the Central Business District Redevelopment Project was
established on July 11, 1973, by Ordinance No. 959 and amended by Ordinance No.
1276 on November 11, 1986, Ordinance No. 1497 on December 21, 1994, Ordinance
1576 on December 15, 1999; Ordinance Nos. 1649 and 1651 adopted May 4, 2004;
and Ordinance No. 1760 adopted May 27, 2009; and
WHEREAS, the South Palm Canyon Redevelopment Project was established on
November 30, 1983, by Ordinance No. 1203 and amended by Ordinance No. 1494 on
December 21, 1994, Ordinance 1576 on December 15, 1999; Ordinance Nos. 1649
and 1651 adopted May 4, 2004; and Ordinance No. 1760 adopted May 27, 2009; and
WHEREAS, the Ramon-Bogie Project was established on November 30, 1983,
by Ordinance No. 1202 and amended by Ordinance No. 1490 on December 21,1994,
Ordinance 1576 on December 15, 1999; Ordinance Nos. 1649 and 1651 adopted May
4, 2004; and Ordinance No. 1760 adopted May 27, 2009; and
WHEREAS, the Oasis Redevelopment Project was established on July 10,1994,
by Ordinance No. 1224 and amended by Ordinance No. 1495 on December 21, 1994,
Ordinance 1576 on December 15,1999; and Ordinance Nos. 1649 and 1651 adopted
May 4, 2004; and
WHEREAS, the North Palm Canyon Redevelopment Project was established on
September 19,1984, by Ordinance No.1227 and amended by Ordinance No. 1498 on
December 21,1994, Ordinance 1576 on December 15,1999; and Ordinance Nos. 1649
and 1651 adopted May 4, 2004; and
WHEREAS, the Highland-Gateway Redevelopment Project was established on
November 20, 1984, by Ordinance No. 1231 and amended by Ordinance No. 1491 on
December 21, 1994, Ordinance 1576 on December 15,1999; and Ordinance Nos. 1649
and 1651 adopted May 4, 2004; and
WHEREAS, Project Area No. 9 was established on December 29, 1988, by
Ordinance No. 1321 and amended by Ordinance No. 1496 on December 21, 1994 and
Ordinance Nos. 1649 and 1651 adopted May 4, 2004; and
WHEREAS, the Central Business District Redevelopment Project, the South
Palm Canyon Redevelopment Project, the Ramon-Bogie Redevelopment Project, the
Oasis Redevelopment Project, the North Palm Canyon Redevelopment Project, and the
Highland-Gateway Redevelopment Project were merged on May 31, 2000, by
Resolution No. 1421
Page 2
Ordinance No. 1584 to become Merged Project Area No. 1; and
WHEREAS, the Tahquitz-Andreas Redevelopment Project was established on
July 19,1983, by Ordinance No. 1187 and amended by Ordinance No. 1489 on
December 21,1994; Ordinance 1576 on December 15,1999; Ordinance Nos. 1650 and
1652 adopted May 4, 2004; and Ordinance No. 1760 adopted May 27, 2009; and
WHEREAS, the Baristo-Farrell Redevelopment Project was established on May
7,1986, by Ordinance No. 1267 and amended by Ordinance No. 1493 on December21,
1994; Ordinance 1576 on December 15,1999; and Ordinance Nos. 1650 and 1652
adopted May 4, 2004; and
WHEREAS, the Canyon Redevelopment Project was established on July 19,
1991, by Ordinance No. 1388 and amended by Ordinance No.1492 on December 21,
1994 and Ordinance Nos. 1650 and 1652 adopted May 4, 2004; and
WHEREAS, the Tahquitz-Andreas Redevelopment Project, the Baristo-Farrell
Redevelopment Project and the Canyon Redevelopment Project were merged on May
31, 2000, by Ordinance No. 1583 to become Merged Project Area No. 2; and
WHEREAS, the City of Palm Springs Community Redevelopment Agency (the
"Agency") has expressed a desire to merge Merged Project Area No. 1 and Merged
Project Area No. 2 into a single Consolidated Palm Springs Redevelopment Project
Area; and
WHEREAS, the Agency shall prepare a Unified Report, which shall be
transmitted to each affected taxing entity as well as the State Department of Finance
and the Department of Housing and Community Development in accordance with
Sections 33344.5 and 33451.5 of the Community Redevelopment Law (the "CRL")
(Health and Safety Code Section 33000 et seq.).
THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Executive Director of the Agency, or his designee, is hereby
authorized and directed to make the necessary transmittals of the Unified Report upon
its completion.
SECTION 2. Copies of the Unified Report shall be on file and shall be available
for public review.
Resolution No. 1421
Page 3
ADOPTED this 15th day of June, 2011.
David H. Ready�x tive Director
Attest:
mes 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. 1421 is a full, true
and correct copy, and was duIX adopted at a regular meeting of the City Council of the
City of Palm Springs on the 15 day of June, 2011, by the following vote:
AYES: Agency Member Foat, Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Hutcheson and Agency Member Mills.
ABSTAIN: None.
AmEs Thompson, Assistant Secretary
munity Redevelopment Agency
yof Palm Springs, California
DbfZS�Zo1 �
RESOLUTION NO. 1420
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
APPROVING THE BUDGET FOR FISCAL YEAR 2011-12,
AND OTHER SUCH MATTERS AS REQUIRED.
WHEREAS, a budget for the fiscal year 2011-12 has been prepared by the
Community Redevelopment Agency, Director of Community & Economic Development,
and the Agency Treasurer; and
WHEREAS, the Community Redevelopment Agency has examined said budgets
and conferred with the Community Redevelopment Agency Executive Director; and
WHEREAS, the Community Redevelopment Agency, after due deliberation and
consideration, agrees with the budget recommended; and
WHEREAS, pursuant to Health & Safety Code Section 33334.3 (d), the Agency
hereby finds and determines that the planning and administrative expenses to be paid
from the Low and Moderate Income Housing Fund for each redevelopment project are
necessary for the production, improvement or preservation of low and moderate income
housing and are not disproportionate to the amounts budgeted for the costs of
production, improvement or preservation of that housing; and
WHEREAS, the Agency's planning and administrative expenses paid from the
Low and Moderate Income Housing Fund for the production, improvement or
preservation of low and moderate income housing pay for a portion of staff and legal
costs necessary to facilitate new construction projects and administer individual
rehabilitation and purchase programs, land and property acquisition and disposition,
multi-government agreements, and bond issues related to low and moderate income
housing.
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs as follows:
Section 1. That the budget in the amount of $23,728,283 be approved for the
following purposes:
Capital & Admin. Debt Service
Merged Area No. 1 $ 1,189,018 $12,575,875
Merged Area No. 2 748,472 6,295,178
Low& Mod. Income Housing 2,920,109 0
$ 4,857,599 $ 18,871,053
Section 2. That the Finance Director of the City of Palm Springs is authorized to
record the budget and such other accounting entries as may be necessary for proper
Resolution No. 1420
Page 2
accounting treatment in accordance with rules and regulations applicable to other City
of Palm Springs funds.
Section 3. That the Work Program for Low and Moderate Income Program in
Fiscal Year 2011-2012 is as follows, including total Agency assistance committed:
Sunset Palms Apts. $1,500,000
Unscheduled Capital Projects $ 500,000
Nightengale Manor Improvements $ 60,000
Riverside County Admin Fee $ 50,000
Section 4. That the accomplishments of the Low and Moderate Income Program
in Fiscal Year 2010-11 are as follows:
• Rosa Gardens Apartments. Coachella Valley Housing Coalition
(CVHC) continued construction on this 55-unit apartment project on
Rosa Parks Road, totaling $29.7million financing including tax credits
and the Agency commitment of $1.6 million which includes $400,000
Community Development Block Grant — Neighborhood Stabilization
Program 1 (CDBG-NSP1). Completion is slated for June 2011.
• Indian Canyon For-Sale Green Affordable Townhouses. The Agency
entered an Exclusive Agreement to Negotiate and Recoverable Grant
Agreement with Community Dynamics of Santa Monica with
subsequent Extensions, for the construction of up to 51 moderate-
income for-sale townhouses on the Agency's 3.6 acre site at North
Indian Canyon Drive and San Rafael Road. Market-conditions
dramatically changed the project's financial feasibility and the project
was withdrawn from the entitlement process.
• Sunset Palm Senior Apartments. The Agency approved a $1.5 million
financial commitment to Global Premier Development for rehabilitation
of an existing 24-unit apartment complex through their CTCAC
(California Tax Credit Allocation Committee), project cost totals $3.5
million.
• Blighted Site Abatement. The Agency cleared site of debris and refuse
on Agency-owned affordable parcels.
Section 5. The Director of Finance is authorized and shall carry forward to the
nearest dollar, as continuing appropriations from Fiscal Year 2010-11 to Fiscal Year
2011-12, the unencumbered balances of Fiscal Year 2010-11 project appropriations not
yet completed, for the completion of such projects, as approved by the City Manager.
Section 6. The City Manager and City Clerk are hereby jointly authorized to
execute any professional services or sponsorship contract specifically funded by the
Fiscal Year 2011-12 Budget so long as such contract does not exceed the amount so
funded. The authority to enter into agreements pursuant to this provision shall be
Resolution No. 1420
Page 3
deemed complementary to and consistent with the authority to enter into contracts
provided in City Council Resolution No. 20271.
Section 7. The Director of Finance is authorized, at the end of the Fiscal Year
2010-11 and Fiscal Year 2011-12 through the closing of the accounting records for each
such fiscal year, to make and record appropriate transfers required to properly account
for and balance activity accounts, prior to the completion of the fiscal year audit.
ADOPTED THIS 1st day of June, 2011.
David H. Ready roe Director
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. 1420 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 the 15t day of June, 2011, by the
following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Mills,
Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
ames Thompson, Assistant Secretary
Community Redevelopment Agency
City of Palm Springs, California
o%l2Sf g i
RESOLUTION NO. 1419
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
MAKING CERTAIN FINDINGS WITH RESPECT TO THE
2010-11 PAYMENT TO THE SUPPLEMENTAL
EDUCATIONAL REVENUE AUGMENTATION FUND AND
PROVIDING OTHER MATTERS PROPERLY RELATING
THERETO.
The Community Redevelopment Agency of the City of Palm Springs finds:
A. Assembly Bill 26 4X, adopted by the State Legislature in July 2009,
added Section 33690.5 to the Health and Safety Code of the State of California (the
"Law"
B. Section 33690.5 of the Law was subsequently amended by Senate Bill 68.
C Section 33690.5(a)(1) of the Law requires redevelopment agencies to
make a payment on or before May 10, 2011 to the county Supplemental Educational
Revenue Augmentation Fund.
D. The amount required by Section 33690.5(a)(1) of the Law to be paid by
the Community Redevelopment Agency of the City of Palm Springs (the "Agency") by
May 10, 2011 is $864,927.
E. Pursuant to Section 33690.5(c)(1), an agency may borrow from either the
amount required to be allocated to the Low and Moderate Income Housing Fund,
pursuant to Sections 33334.2, 33334.3, and 33334.6, or any moneys in that fund, or
both, unless executed contracts exist that would be impaired if the agency reduced the
amount allocated to the Low and Moderate Income Housing Fund, if the agency finds
that there are insufficient funds to meet this obligation.
F. Agency funds in its Debt Service and Capital Improvement Funds have
been earmarked for existing bonded debt obligations, payment under development
agreements, repayment of the City operating loan, amounts due under tax sharing
agreements and the first installment for the borrowing of the 2009-10 SERAF payment
from the Housing Fund.
G. In addition to its bonded indebtedness and tax sharing obligations, the
Agency has budgeted project costs remaining for the Animal Shelter and other capital
improvement programs, as well as a reserve for the Plaza Theater.
H. If the Agency does not reserve the balance of its currently available funds
to secure the payments due under the operating loan with the City, the City's ability to
fund essential City services will be impaired.
Resolution No. 1419
Page 2
I. Based on obligations described in Findings F, G and H of this resolution,
there are insufficient funds to meet the requirements of Section 33690.5(a)(1) of the
Law and the Agency will borrow the amount required from the Low and Moderate
Income Housing Fund.
J. The Agency must repay amounts so borrowed on or before June 30,
2016.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1. Loan, The Agency hereby approves a loan from the Agency's Low
and Moderate Income Housing Fund in the amount of $865,719 to pay the amount due
pursuant to Section 33690.5(a)(1) of the Law.
Section 2. Repayment. The Agency will repay such amounts to the Low and
Moderate Income Housing Fund no later June 30, 2016, without interest.
Section 3. Subordination. The obligation of the Agency to repay the Low and
Moderate Income Housing Fund shall be subordinate to the lien of any pledge of
collateral securing, directly or indirectly, the payment of the principal, or interest on any
bonds of the Agency including, without limitation, bonds secured by a pledge of taxes
allocated to the Agency pursuant to Section 33670 of the Law. The Agency shall factor
in the fiscal obligations created by this Resolution when issuing bonded indebtedness.
Section 4. Effective Date. This resolution shall take effect from and after the
date of approval and adoption thereof.
ADOPTED THIS 4TH DAY OF MAY, 2011.
David H. Ready,,g Ive Director
ATTEST:
mes Thompson, Assistant Secretary
Resolution No. 1419
Page 3
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. 1419 is a full,
true and correct copy, and was duly adopted at a regular meeting of the City Council of
the City of Palm Springs on the 4t" day of May, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Mills,
Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
es Thompson, Assistant/Secretary
ommunity Redevelopment Agency
City of Palm Springs, California
RESOLUTION NO. 1418
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
APPROVING AMENDMENT NO. 2 TO THE DISPOSITION
AND DEVELOPMENT AGREEMENT NO. A0503C WITH
ENDURE, LLC (FORMERLY GEIGER LLC) FOR THE
DEVELOPMENT OF THE SPRINGS PROJECT. A0503c
WHEREAS, On November 16, 2005, Agency and Developer entered into a
Disposition and Development Agreement (the "DDA") with regard to the development of
393,000 square foot retail shopping center ("Project") on an approximately 37 acre site
(the "Site"), commonly referred to as "The Springs Shopping Center; and
WHEREAS, The Agency property was formerly a landfill and required extensive
remediation of soil conditions to make the property marketable and suitable for
commercial use. Developer has incurred over $13,000,000 in total costs for the
remediation of the property. On February 18, 2009, Agency and Developer entered into
Amendment No. 1 to the DDA adding a section to the DDA for Agency payment of
$1,385,000 toward remediation and monitoring costs. The proposed second
amendment to the DDA would authorize the Agency to pay an additional $1,400,000
towards the cost of remediation and ongoing monitoring costs in ten equal annual
payments of $140,000, without interest. The Agency's payment towards remediation
and monitoring costs added to the fair market value of the land of $4,480,000 is
approximately 56% of the total of cost of remediation that the Developer paid at its sole
cost and expense; and
WHEREAS, The development of the Project and the payment of Agency funds
towards the remediation and monitoring of the Site, including Agency owned land, as
provided for in the First Amendment to the DDA and in this Second Amendment to the
DDA is in the vital and best interest of the City and the welfare of its residents and is in
accordance with the public purposes and provisions of applicable state and local laws.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. This Second Amendment to the Disposition and Development
Agreement is hereby approved and incorporated herein.
SECTION 2. The Executive Director of the Agency, and/or his designee, is
authorized to execute all necessary documents, in a form approved by Agency counsel.
Resolution No. 1418
Page 2
ADOPTED THIS 20TH DAY OF APRIL, 2011.
David H. Ready, _ e Director
ATTEST:
r
� -James 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. 1418 is a full, true
and correct copy, and was dulX adopted at a regular meeting of the City Council of the
City of Palm Springs on the 20t day of April, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Agency Member Mills,
Vice Chair Weigel, and Chair Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, Assis-tant Secretary
Community Redevelopment Agency
City of Palm Springs, California oil
RESOLUTION NO. 1417
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA
AUTHORIZING THE EXECUTIVE DIRECTOR TO
TRANSFER CERTAIN PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY PROPERTY TO THE CITY
OF PALM SPRINGS PURSUANT TO SECTION 33430 AND
SECTION 33432 OF THE CALIFORNIA HEALTH AND
SAFETY CODE.
The Community Redevelopment Agency of the City of Palm Springs hereby resolves:
SECTION 1. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of a sublease hold interest in certain real
property (the "Leasehold") within Merged Project Area No. 2 described
above, generally being 9.62 acres located at the intersection of Amado
Road and Avenida Caballeros. The City of Palm Springs, a California
charter city ("City"), is the Master Lessee under Business Lease No.
PSL 315 ("Original Lease"), which is on file with the Bureau of Indian
Affairs ("BIA") at 901 E. Tahquitz Canyon Way, Suite C-101, Palm
Springs, California, 92262, which lease affects certain Sublease Land
as more particularly described in said lease ("Master Lease Property").
The Master Lease has been amended pursuant to: 1) Amendment No.
1 to PSL-315 approved by the BIA on October 13, 1995; 2) the First
Amendment to Business Lease-315, dated April 7, 2004, and approved
by the BIA on May 26, 2004; and 3) the Second Amendment to
Business Lease No. PSL-315, dated February 9, 2006, and approved
by the BIA on February 9, 2006. The Original Lease as amended by
the three amendments is collectively referred to in this Agreement as
the "Master Lease."
SECTION 2. The transfer of the Property is subject to the terms of the PSL-315
Sublease and is conditioned on the redevelopment and use of the
property in conformity with the redevelopment plan
SECTION 3. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
approximately 2,094 square feet, referred to as APN 513-081-017,
located at 342-344 North Palm Canyon Drive near Amado Road in the
City of Palm Springs, commonly known as the Cork n Bottle, within
Merged Project Area No. 1.
SECTION 4. The transfer of the Property is subject to the terms of the tenant Lease
Resolution No. 1417
Page 2
with Moustapha El-Khalil, executed on September 3, 2004, and is
conditioned on the redevelopment and use of the property in conformity
with the Merged Project Area No. 1 Redevelopment Plan.
SECTION 5. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
three parcels located in the City of Palm Springs, bearing APN
Numbers 508-055-008, 508-055-009, and 508-055-007, generally south
of Andreas Road and East of Calle El Segundo, in Section 14. The
property is commonly known as the Prairie Schooner Parcel, within
Merged Project Area No. 2.
SECTION 6. The transfer of the Property is subject to the terms of the Repayment
Agreement with the Agua Caliente Band of Cahuilla Indians for the
construction of a parking lot, and a Disposition and Development
Agreement with O & M HR, LLC for the development of a 500-room
hotel, and is conditioned on the redevelopment and use of the property
in conformity with the Merged Project Area No. 2 Redevelopment Plan.
SECTION 7. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
located at 124-132 South Palm Canyon Drive in Palm Springs, APN
513-144-008. The property is commonly known as the Plaza Theater,
within Merged Project Area No. 1.
SECTION 8. The transfer of the Property is subject to the terms of the Lease with the
Partnership for the Performing Arts and certain easements and leases
with the Wessman Family Trust and Plaza Investment Company for
certain courtyard, alleyway, and trash area access, and is conditioned
on the redevelopment and use of the property in conformity with the
Merged Project Area No. 1 Redevelopment Plan.
SECTION 9. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
32,852 s.f., located at 1479 N. Palm Canyon Drive (near Stevens
Road), APN 505-182-004. This property is commonly known as the
Casa del Camino property.
SECTION 10. The transfer of the Property is subject to the any easements on the
Property, and is conditioned on the redevelopment and use of the
property in conformity with the Merged Project Area No. 1
Redevelopment Plan.
Resolution No. 1417
Page 3
SECTION 11. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
6,950 S.F. of Vacant Land located at 190 West Sunny Dunes, APN
508-131-009. The property is commonly known as the McKinney
Parcel, within Merged Project Area No. 1.
SECTION 12. The transfer of the Property is subject to the terms of the Easements for
underground utility lines and ingress/egress off Sunny Dunes, dated
1991, and is conditioned on the redevelopment and use of the property
in conformity with the Merged Project Area No. 1 Redevelopment Plan.
SECTION 13. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
39,440 S.F. at the Northwest corner of Alejo & Belardo, APN 505-324-
002. The property is commonly known as the Catholic Church Parking
Lot, within Merged Project Area No. 1, and was acquired by the
Agency in 1983.
SECTION 14. The transfer of the Property is subject to the terms of an agreement with
Our Lady of Solitude Catholic Church for use of site for parking, and is
conditioned on the redevelopment and use of the property in conformity
with the Merged Project Area No. 1 Redevelopment Plan.
SECTION 15. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
two parcels, at 400 North Belardo Road and 425 North Palm Canyon
Drive (513-082-023&040, 23,790 S.F., 3,218 S.F.) The property is
commonly known as the Blue Coyote Parking Lot and driveway, within
Merged Project Area No. 1, and was acquired by the Agency in 1981
and 1983.
SECTION 16. The transfer of the Property is conditioned on the redevelopment and
use of the property in conformity with the Merged Project Area No. 1
Redevelopment Plan.
SECTION 17. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
42,729 s.f of improved parking and a horse carriage enclosure, APN
513-153-015, 016 & 025, in the 200 Block of South Belardo Road.
The property is commonly known as the Vineyard Parking Lot, within
Merged Project Area No. 1, and was acquired by the Agency in 1977.
Resolution No. 1417
Page 4
SECTION 18. The transfer of the Property is subject to the terms of a Lease with Big
Horse Carriage Company for the use of the carriage enclosure and is
conditioned on the redevelopment and use of the property in conformity
with the Merged Project Area No. 1 Redevelopment Plan.
SECTION 19. The Community Redevelopment Agency of the City of Palm Springs,
pursuant to authority provided under Health and Safety Code Section
33432, approves the transfer of that certain real property consisting of
(19,313 S.F.) of improved parking, APN 513-082-014, in the 300 Block
of North Belardo Road. The property is commonly known as the Food
Court Parking Lot, within Merged Project Area No. 1, and was
acquired by the Agency in 1983.
SECTION 20. The transfer of the Property is subject to the terms of an Easement for
Access to the trash enclosure and is conditioned on the redevelopment
and use of the property in conformity with the Merged Project Area No.
1 Redevelopment Plan.
SECTION 5. The City Council authorizes and directs the City Manager to execute
grant deeds in favor of the Community Redevelopment Agency of the
City of Palm Springs, to accept payment, and to execute such other
documents as may be reasonably necessary or prudent to complete
this transaction as provided in this Resolution.
ADOPTED THIS 16th DAY OF MARCH, 2011,
David H. Ready, ive Director
ATTEST:
C 1
mes Thompson, Assistant Secretary
Resolution No. 1417
Page 5
CERTIFCATION
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. 1417 is a full, true
and correct copy, and was dul'r adopted at a regular meeting of the City Council of the
City of Palm Springs on the 16t day of March, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Vice Chair Weigel,
and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Mills.
ABSTAIN: None.
mes Thompson, Assistant"SecretG,ry
r Community Redevetopmrent Agency
City of Palm Springs, California
RESOLUTION NO. 1416
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA,
AUTHORIZING EXECUTION OF A CONSOLIDATED
AMENDED AND RESTATED PROMISSORY NOTE WITH THE
CITY OF PALM SPRINGS.
WHEREAS, the Agency has prepared Redevelopment Plans for the Merged
Project No. 1 and Merged Project No. 2 Redevelopment Projects (the "Project Areas"),
which results in the allocation of taxes from the Project Areas to the Agency for
purposes of redevelopment; and
WHEREAS, the Agency has prepared Redevelopment Plans for the Merged
Project No. 1 and Merged Project No. 2 Redevelopment Projects (the "Project Areas"),
which results in the allocation of taxes from the Project Areas to the Agency for
purposes of redevelopment; and
WHEREAS, the Agency has previously entered into three separate promissory
notes with the City for the acquisition of property; and
WHEREAS, the City and the Agency desire to enter into a consolidated amended
and restated promissory note to acknowledge the foregoing recitals and to provide for a
payment schedule for such obligations by the Agency to the City.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Community
Redevelopment Agency of the City of Palm Springs, as follows:
1. The Executive Director and Secretary of the Agency are hereby
authorized and directed to execute, and attest to the Consolidated
Amended and Restated Promissory Note for and in the name and on
behalf of the Agency. The Agency hereby authorizes the delivery and
performance of the Consolidated Amended and Restated Promissory Note
pursuant to the terms thereof.
PASSED AND ADOPTED this 16th day of March, 2011, by the following vote:
{
ATTEST: David H. Read utive Director
es Thompsdn, Assistant Secretary
Resolution No. 1416
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. 1416 is a full, true
and correct copy, and was dul� adopted at a regular meeting of the City Council of the
City of Palm Springs on the 16t day of March, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Vice Chair Weigel,
and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Mills.
ABSTAIN: None.
James Thompson, Assistant Secretary
Community Redevelopment Agency
City of Palm Springs, California
CONSOLIDATED AMENDED AND RESTATED PROMISSORY NOTE
THIS CONSOLIDATED AMENDED AND RESTATED PROMISSORY NOTE (the
"Note") is entered into this 16th day of March, 2011, by and between the CITY OF
PALM SPRINGS (the "City") and the REDEVELOPMENT AGENCY OF THE CITY OF
PALM SPRINGS (the "Agency"), with reference to the following facts:
A. The Agency has prepared Redevelopment Plans for the Merged Project No. 1
and Merged Project No. 2 Redevelopment Projects (the "Project Areas"), which results
in the allocation of taxes from the Project Areas to the Agency for purposes of
redevelopment.
B. The intent of the Redevelopment Plans is, in part, to provide for the construction
and installation of necessary public infrastructure and facilities and to facilitate the
repair, restoration and/or replacement of existing public facilities and to perform specific
actions necessary to promote the redevelopment and the economic revitalization of the
Project Areas; and to increase, improve and preserve the community's supply of low
and moderate income housing, some of which may be located or implemented outside
the Redevelopment Project Areas; and to take all other necessary actions to implement
the redevelopment plans for the respective redevelopment projects and to expend tax
increment to accomplish the goals and objectives of the respective redevelopment
projects.
C. Pursuant to California Redevelopment law, section 33220, certain public bodies,
including the City may aid and cooperate in the planning, undertaking, construction, or
operation of redevelopment projects. The Agency has previously entered into certain
Promissory Notes as follows:
• Promissory Note dated December 12, 2007 in the initial amount of $4,823,000, of
which $797,000 currently remains outstanding and will accrue interest at 6% to
June 30, 2011 for an estimated outstanding balance of $844,820 at June 30,
2011;
• Promissory Note dated December 12, 2007 in the initial amount of $4,675,000,
all of which currently remains outstanding and will accrue interest at 6% to June
30, 2011 for an estimated outstanding balance of 4,955,500 at June 30, 2011;
and
• Promissory Note dated February 7, 2008 in the initial amount of $51,297,000, all
of which currently remains outstanding, and has accrued but unpaid interest of
$3,704,357 as of June 30, 2010 and will accrue additional interest at 10% to
June 30, 2011 for an estimated balance of $60,675,921 at June 30, 2011;
The three outstanding promissory notes above described are incorporated herein by
this reference and referred to herein as the "Outstanding Notes".
DUPLICATE
Page 1
E. The Agency wishes to enter into this Note with the City for the pledge of net
available tax increment to repay amounts borrowed or otherwise to be reimbursed for
the Outstanding Notes.
F. Net available tax increment is defined as any tax increment, net of existing debt
service payments, and existing contractual obligations received by the Agency or any
lawful successor of the Agency and/or to any of the powers and rights of the Agency
pursuant to any applicable constitutional provision, statute or other provision of law now
existing or adopted in the future. The pledge of net available tax increment will
constitute obligations to make payments authorized and incurred pursuant to Section
33445 and other applicable statutes. The obligations set forth in this Note will be
contractual obligations that, if breached, will subject the Agency to damages and other
liabilities or remedies.
G. The City Council (the "Council") and the Agency by resolution have each found
that the use of Agency redevelopment funding for the Outstanding Notes was, if
applicable, in accordance with Section 33445 of the California Community
Redevelopment Law (Health & Safety Code Section 33000 et seq.) ("CRL") and Section
33445(a) of the CRL and other applicable law at time the financial obligation was
originally incurred. The said Council and Agency resolutions are each based on the
authority of the Agency, with the consent of the Council, to pay all or part of the cost of
the installation and construction of any building, facility, structure, or other
improvements which is publicly owned either within or outside a project area, if the
Council makes certain determinations.
H. By approving and entering into this Note, the Agency has approved the pledge of
net available tax increment from the Project Areas to pay for the Note.
I. The obligations of the Agency under this Note shall constitute an indebtedness of
the Agency for the purpose of carrying out the Redevelopment Plans for the Project
Areas.
NOW, THEREFORE, the parties hereto do mutually agree as follows:
I. INTRODUCTORY PROVISIONS
The recitals above are an integral part of this Note and set forth the intentions of
the parties and the premises on which the parties have decided to enter into this Note.
Page 2
II. AGENCY'S OBLIGATIONS
1. The Agency's obligations under this Note, including without limitation the
Agency's obligation to make the payments to the City required by this Note, shall
constitute an indebtedness of the Agency for the purpose of carrying out the
redevelopment of the Project Areas and are obligations to make payments authorized
and incurred pursuant to Section 33445 and other applicable statutes. The obligations
of the Agency set forth in this Note are contractual obligations that, if breached, will
subject the Agency to damages and other liabilities or remedies.
2. The Note shall bear interest at the 6% starting July 1, 2011.
3. The obligations of Agency under this Note shall be payable out of net
available tax increments, as defined in the above recitals and/or as defined or provided
for in any applicable constitutional provision, statute or other provision of law now
existing or adopted in the future, levied by or for the benefit of taxing agencies in the
Redevelopment Project Areas, and allocated to the Agency and/or any lawful successor
entity of the Agency and/or any entity established by law to carry out any of the
redevelopment plans for the Project Areas and/or expend tax increment or pay
indebtedness of the Agency to be repaid with tax increment, pursuant to Section 33670,
et seq., of the California Community Redevelopment Law or any applicable
constitutional provision, statute or other provision of law now existing or adopted in the
future, in the minimum amounts set forth in the Payment Schedule attached hereto as
Exhibit 1 and incorporated herein by this reference.
4. The Payment Schedule reflects the payments from the respective
Redevelopment Project Areas in the same proportionate share as the Outstanding
Notes.
5. The indebtedness of Agency under this Note shall be subordinate to the
rights of the holder or holders of any existing bonds, notes or other instruments of
indebtedness (all referred to herein as "indebtedness") of the Agency incurred or issued
to finance the Project Areas, including without limitation any pledge of tax increment
revenues from the Project Areas to pay any portion of the principal (and otherwise
comply with the obligations and covenants) of any bond or bonds issued or sold by
Agency with respect to the Redevelopment Project Areas.
6. All payments due to be made by the Agency to the City under this Note
shall be made by the Agency in accordance with the schedule set forth in Exhibit 1 and
as otherwise necessary to reimburse the City for the cost to the City of performing its
obligations hereunder.
Page 3
IV. LIABILITY AND INDEMNIFICATION
In contemplation of the provisions of California Government Code Section 895.2
imposing certain tort liability jointly upon public entities solely by reason of such entities
being parties to an agreement as defined by Government Code Section 895, the parties
hereto, as between themselves, pursuant to the authorization contained in Government
Code Sections 895.4 and 895.6, shall each assume the full liability imposed upon it, or
any of its officers, agents or employees, by law for injury caused by negligent or
wrongful acts or omissions occurring in the performance of this Note to the same extent
that such liability would be imposed in the absence of Government Code Section 895.2.
To achieve the above-stated purpose, each party indemnifies, defends and holds
harmless the other party for any liability, losses, cost or expenses that may be incurred
by such other party solely by reason of Government Code Section 895.2.
V. ENTIRE NOTE; WAIVERS; AND AMENDMENTS
1. This Note integrates all of the terms and conditions mentioned herein or
incidental hereto, and supersedes all negotiations or previous agreements
between the parties with respect to the subject matter of this Note.
2. This Note is intended solely for the benefit of the City and the Agency.
Notwithstanding any reference in this Note to persons or entities other
than the City and the Agency, there shall be no third party beneficiaries
under this Note.
3. All waivers of the provisions of this Note and all amendments to this Note
must be in writing and signed by the authorized representatives of the
parties.
VI. SEVERABILITY
If any term, provisions, covenant or condition of this Note is held by a court of
competent jurisdiction to be invalid, void or unenforceable, the remainder of the
provisions shall continue in full force and effect unless the rights and obligations of the
parties have been materially altered or abridged by such invalidation, voiding or
unenforceability.
VII. DEFAULT
If either party fails to perform or adequately perform an obligation required by this
Note within thirty (30) calendar days of receiving written notice from the non-defaulting
party, the party failing to perform shall be in default hereunder. In the event of default,
the non-defaulting party will have all the rights and remedies available to it at law or in
Page 4
equity to enforce the provisions of this contract, including without limitation the right to
sue for damages for breach of contract. The rights and remedies of the non-defaulting
party enumerated in this paragraph are cumulative and shall not limit the non-defaulting
party's rights under any other provision of this Note, or otherwise waive or deny any
right or remedy, at law or in equity, existing as of the date of the Note or hereinafter
enacted or established, that may be available to the non-defaulting party against the
defaulting party. All notices of defaults shall clearly indicate a notice of default under
this Note.
BINDING ON SUCCESSORS
This Note shall be binding on and shall inure to the benefit of all successors and
assigns of the parties, whether by agreement or operation of law.
IN WITNESS WHEREOF, the parties have executed this Note as of the date first set
forth above.
CITY OF PALM SPRINGS
David H. Read nager
ATTEST:
C11'Y CCU.I ICIL
awes Thompson, City Clerk
COMMUNITY REDEVELOPMENT
AGENCY
David H. Ready, Ex Director
ATTEST:
mes Thompson, Assistant Secretary �tb�v
APPR E TO FORM:
Douglas C. Holland, Agency Counsel
Page 5
EXHIBIT 1
PAYMENT SCHEDULE
Payment Date Merged Project No. 1 Merged Project No. 2
June 30 Payments 1 Payments 1
2012 $895,500 $ 1,000,000
2013 - 1,100,000
2014 - 1,210,000
2015 - 1,331,000
2016 - 1,464,100
2017 - 1,610,510
2018 - 1,771,561
2019 - 1,948,717
2020 - 2,143,589
2021 - 2,357,948
2022 - 2,593,742
2023 - 2,853,117
2024 - 3,138,428
2025 - 3,452,271
2026 - 3,797,498
2027 - 4,177,248
2028 - 4,594,973
2029 - 5,054,470
2030 - 5,559,917
2031 - 6,115,909
2032 - 6,727,500
2033 - 7,400,250
2034 - 8,140,275
2035 - 8,954,302
2036 - 50,000,000
2037 - 60,093,584
(1) Includes interest at 6%
Page 6
RESOULUTION NO. 1415
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA
SUPPORTING AN APPLICATION BY GLOBAL PREMIER
DEVELOPMENT, INC. TO THE CALIFORNIA TAX CREDIT
ALLOCATION COMMITTEE FOR 9% LOW INCOME
HOUSING TAX CREDIT PROJECT FINANCING OF THE
ACQUISITION AND REHABILITATION OF A 23-UNIT SENIOR
APARTMENT PROJECT LOCATED AT 1433 & 1455 NORTH
INDIAN CANYON DRIVEIN MERGED PROJECT AREA NO. 1,
INCLUDING AGENCY FINANCIAL PARTICIPATION NOT TO
EXCEED $1,500,000 IN GAP FINANCING; AND TO DIRECT
STAFF TO DRAFT AN OWNER PARTICIPATION
AGREEMENT ("OPA").
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs
(the "Agency") has established an affordable housing setaside fund in accordance with
Section 33000 et. seq. of the California Health and Safety Code; and
WHEREAS, the funds are earmarked for the acquisition, construction, or
rehabilitation of affordable housing to benefit the community; and
WHEREAS, Global Premier Development("Developer") has submitted a proposal
for an affordable housing project to be redeveloped and converted to senior housing in
collaboration with the Agency at 1433 and 1455 North Indian Canyon Drive in Merged
Project Area No. 1; and
WHEREAS, the Developer will submit a Low Income Housing 9% Tax Credit
(LIHTC) application to the California Tax Credit Allocation Committee for the March,
2011 application, and is required by this Resolution to apply for HOME funds through
Riverside County and AHP funds through the Federal Home Loan Bank Board ("Soft
Funds"); and
WHEREAS, the receipt of additional Soft Funds by the Developer shall reduce
the Agency's commitment by that amount, but not below the amount of$1,000,000; and
WHEREAS, the Developer will agree to restrict, though a Regulatory Agreement
approved as an attachment to the OPA, the rents on 100% of the units to levels
affordable to households with incomes no more than 60% of Area Median Income (AMI)
for a period of 55 years; and
WHEREAS, the Owner Participation Agreement between the Agency and
Developer shall be drafted after the Project has received a commitment of Tax Credits
funds, and return to the Agency for approval; it shall provide for assistance by the
Resolution No. 1415
Page 2
Agency to the Project in the form of subordinated loans to be repaid from Project
revenues.
NOW, THEREFORE, BE IT RESOLVED, by the Community Development
Agency of the City of Palm Springs, as follows:
1. The Agency hereby approves of the Developer' Application for a 9% Low
Income Housing Tax Credit allocation through the California Tax Credit
Allocation Committee.
2. The Developer shall apply for the first available round of HOME funds through
Riverside County and AHP funds through the Federal Home Loan Bank
Board to reduce the Agency's commitment to $1,000,000.
3. The Agency offers its approval of a Note to the Developer on behalf of the
Project, subject to the successful negotiation of an Owner Participation
Agreement, in the amount of $1,500,000 under terms described in Section 2.
above and to be specified in the Owner Participation Agreement. The note
amount would be reduced to $1,000,000 pending the successful application
for additional soft funding, and provides the Agency security for the
Regulatory Agreement which contains the affordability provisions and other
performance requirements; the interest on the Agency note shall be 1%
simple interest, payable from residual receipts on the project; and the note
shall be for a period of 55 years.
4. Agency staff is directed to bring an Owner Participation Agreement to the
Agency containing the above terms upon a successful allocation of Tax
Credits to the Developer.
5. The Executive Director is hereby authorized and directed, on behalf of the
Agency, to execute all documents, including applications or letters of intent or
commitment, related to the Project and the purposes of this Resolution.
ADOPTED THIS 16TH DAY OF MARCH, 2011.
DAVID H. READY, ive Director
. ATTEST:
AMES THOMPSON, CITY CLERK
Assistant Secretary
Resolution No. 1415
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Assistant Secretary of the City of Palm Springs
Community Redevelopment Agency, hereby certify that Resolution No. 1415 is a full,
true and correct copy, and was duly adopted at a regular meeting of the City Council of
the City of Palm Springs on the 16th day of March, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Vice Chair Weigel,
and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Mills.
ABSTAIN: None.
JAMES THOMPSON, CITY CLERK
Assistant Secretary
RESOLUTION NO. 1414
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS AUTHORIZING EXECUTION OF AN
AGREEMENT WITH THE CITY OF PALM SPRINGS
PROVIDING FOR REIMBURSEMENT OF CERTAIN
AGENCY FUNDED CAPITAL IMPROVEMENTS. A6052.
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs
has prepared Redevelopment Plans for the Merged Project No. 1 and Merged Project
No. 2 Redevelopment Projects (the "Project Areas"), which result in the allocation of
taxes from the Project Areas to the Agency for purposes of redevelopment; and
WHEREAS, the Agency has prepared Redevelopment Plans for the Merged
Project No. 1 and Merged Project No. 2 Redevelopment Projects (the "Project Areas"),
which result in the allocation of taxes from the Project Areas to the Agency for purposes
of redevelopment; and
WHEREAS, the Agency has previously borrowed funds or otherwise by
resolution agreed to reimburse the City of Palm Springs for programs and activities
associated with its redevelopment programs and activities; and
WHEREAS, the City and the Agency desire to enter into an agreement to
acknowledge the foregoing recitals and to provide for an appropriate method of
reimbursement of such obligations by the Agency to the City.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, AS FOLLOWS:
SECTION 1. The Chairman and the Assistant Secretary of the Agency are
hereby authorized and directed to execute, and attest to the Reimbursement Agreement
for Payment of Costs Associate with Certain Agency Funded Capital Improvements for
and in the name and on behalf of the Agency. The Agency hereby authorizes the
delivery and performance of the Reimbursement Agreement for Payment of Costs
Associate with Certain Agency Funded Capital Improvements pursuant to the terms
thereof.
PASSED, APPROVED AND ADOPTED THIS 18T" DAY OF JANUARY, 2011,
BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS.
P /
STEPHEK P. POUGNET, C AIR
ATTEST:
MES THOMPSON, CITY CLERK
Assistant Secretary
Resolution No. 1414
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, and Assistant
Secretary of the City of Palm Springs Community Redevelopment Agency, hereby
certify that Resolution No. 1414 is a full, true and correct copy, and was duly adopted at
a special meeting of the Community Redevelopment Agency of the City of Palm Springs
on the 18th day of January, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Vice Chair Pro Tern
Weigel and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Mills.
ABSTAIN: None.
//J,"AMES THOMPSON, CITY-CLERK
Assistant Secretary D 1 f, 8120 1
RESOLUTION NO. 1413
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS AUTHORIZING
EXECUTION OF AN AGREEMENT WITH THE CITY OF
PALM SPRINGS PROVIDING FOR ADVANCE AND
REIMBURSEMENT OF ADMINISTRATIVE AND OVERHEAD
EXPENSES. A6051.
WHEREAS, pursuant to the Community Redevelopment Law (California Health
and Safety Code Section 33000, et seg.), the City has undertaken a program for the
redevelopment of blighted areas in the City and in that regard has approved and
adopted redevelopment plans for ten separate project areas, which have been
subsequently merged into two separate project areas, and has established a low and
moderate income housing fund to be used for the purposes of increasing, improving and
preserving the City's supply of affordable housing; and
WHEREAS, the Agency is carrying out the redevelopment plans for each of the
project areas, and, in that connection, is utilizing the staff and other resources of the
City. The City Manager of the City serves as Executive Director of the Agency and the
staff of the Planning, Finance, Engineering and other Departments of the City devote
substantial time in gathering information relating to each of the project areas, conferring
with developers and potential developers of land within the project areas, conferring
with public officials representing the county of Riverside and other governmental
agencies regarding the redevelopment of the project areas and undertaking planning
and administrative activities in connection with the production, improvement and
preservation of affordable housing; and
WHEREAS, by providing and making available to the Agency the staff and other
resources of the City, and by providing and making available to the Agency office
space, equipment, supplies, insurance and other City services and facilities, the City
has advanced and will continue to advance the cost of the foregoing to the Agency; and
WHEREAS, the City and the Agency desire to enter into an agreement to
acknowledge the foregoing recitals and to provide for an appropriate method of
reimbursement of such advances by the Agency to the City.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, AS FOLLOWS:
SECTION 1. The City shall make available to the Agency its staff
resources, office space, equipment, supplies, insurance and other services and
facilities. The Agency shall have access to the services and facilities of the planning
commission, the city engineer and the other departments and offices of the City.
SECTION 2. The Chairman and Assistant Secretary of the Agency are
hereby authorized and directed to execute, and attest to the Cooperative Agreement for
the Advance and Reimbursement of Administrative and Overhead Expenses for and in
Resolution No. 1413
Page 2
the name and on behalf of the Agency. The Agency hereby authorizes the delivery and
performance of the Cooperative Agreement for the Advance and Reimbursement of
Administrative and Overhead Expenses pursuant to the terms thereof.
PASSED, APPROVED AND ADOPTED THIS 18T" DAY OF JANUARY, 2011,
BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS.
STEPHEN P. POUGNET, CHAIR
ATTEST:
MES THOM/IPSON, CITY CLERK
Assistant Secretary
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, and Assistant
Secretary of the City of Palm Springs Community Redevelopment Agency, hereby
certify that Resolution No. 1413 is a full, true and correct copy, and was duly adopted at
a special meeting of the Community Redevelopment Agency of the City of Palm Springs
on the 18t" day of January, 2011, by the following vote:
AYES: Agency Member Foat, Agency Member Hutcheson, Vice Chair Pro Tern
Weigel and Chair Pougnet.
NOES: None.
ABSENT: Agency Member Mills.
ABSTAIN: None.
MES THOMPSON, CITY CLERK ..
Assistant Secretary
Resolution No. 1412
Number Not Assigned