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Home My WebLink About23342 RESOLUTION NO. 23342 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, AND IN ITS CAPACITY AS THE HOUSING SUCCESSOR AGENCY TO THE CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE SUCCESSOR AGENCY AND HOUSING SUCCESSOR AGENCY BUDGETS FOR FISCAL YEAR 2013-14, AND OTHER SUCH MATTERS AS REQUIRED. WHEREAS, in accordance with the provisions of the California Health and Safety Code Section 34173, the City Council of the City of Palm Springs has been designated and has accepted such designation of Successor Agency to the Community Redevelopment Agency of the City of Palm Springs to carry out the purposes of and exercise the powers granted to Successor Agencies; and WHEREAS, pursuant to California Health and Safety Code Section 34176, the City Council opted to retain the housing assets and functions previously performed by the Community Redevelopment Agency, serving as the Housing Successor Agency to the Palm Springs Community Redevelopment Agency; and WHEREAS, pursuant to City Charter Section 903 the City Council conducted a duly noticed Public Hearing with respect to the Fiscal Year 2013-14 Budget; and WHEREAS, the City Council has examined said budget, and considered all written and verbal public comments, and after due deliberations and consideration, made any such amendments in the preliminary budget as it considered desirable; and WHEREAS, pursuant to City Charter Section 904, the City Council desires to adopt the Budget for Fiscal Year 2013-14. NOW THEREFORE THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DETERMINES, RESOLVES AND APPROVES AS FOLLOWS: SECTION 1. The City Council, as the Successor Agency's governing board, has established and approved the Recognized Obligation Payment Schedule (ROPS) for the period of July 1, 2013, to December 31, 2013 (ROPS 13-14A) in the form attached to this Resolution as Exhibit A, and serves as the Fiscal Year 2013-14 Budget for the Successor Agency. SECTION 2. The Successor Agency hereby recognizes that the ROPS serves as the budget document for the Successor Agency during the designated operative period and appropriated funds as identified, and that the adoption of the ROPS 13-14B by the Resolution No. 23342 Page 2 Successor Agency Board for January 1, 2014, to June 30, 2014, by the Successor Agency, and its approval by the Oversight Board, shall constitute the adoption of the Successor Agency Budget for the second half of Fiscal Year 2013-2014 without any further action by the Successor Agency. SECTION 3. Any changes to the ROPS, clawbacks, adjustments, or similar actions to the Redevelopment Property Tax Trust Fund (RPTTF), to the Administrative Cost Allowance required by the Oversight Board, the Riverside County Auditor- Controller, or the State of California and approved by Successor Agency, shall constitute an approved amendment to the Successor Agency budget without further action by the Successor Agency. SECTION 4. The Successor Agency and Oversight Board have approved the Administrative Budget for the Successor Agency during the designated operative period and appropriated funds as identified. The Successor Agency Administrative Budget for the period July 1, 2013 to June 30, 2014 is as follows: Merged Area 1 Merged Area 2 Fund 870 Fund Fund 871 Fund SUCCESSOR AGENCY 40000 Regular Employees 82,868 ACA 92,917 ACA 41600 P.E.R.S. Contribution 25,502 ACA 25,502 ACA 41700 Medicare Tax 1,298 ACA 1,298 ACA 41900 Fringe Benefits 12,964 ACA 12,964 ACA 41920 RHS 180 ACA 180 ACA Total Personnel Services 122,812 122,812 OTHER ADM/N COSTS _Rebate Consulting Services 2,188 ACA 2,188 ACA 2,188 2,188 Total Administrative Budget 125,000 125,000 Note: The 3% ACA (Administrative Cost Allowance under AB X1 26) is included in the ROPS. The other RPTTF (Redevelopment Property Tax Trust Fund)funded items are all contained in the ROPS, including debt service and other enforceable obligations. SECTION 5. The Housing Successor Agency budget for the period July 1, 2013, to June 30, 2014, is approved and adopted as follows: Housing Fund 874 SUCCESSOR AGENCY 40000 Regular Employees 163,589 41600 P.E.R.S. Contribution 50,342 41700 Medicare Tax 2,632 41900 Fringe Benefits 27,057 41800 FICA 310 41930 RHS 120 Resolution No. 23342 Page 3 Total Personnel Services 244,050 OTHER ADM/N COSTS 42100 Office Supplies 300 42500 Travel and Training 1,500 42720 Building Rental 1,000 43250 Audit Services 606 43220 General Legal Counsel 40,000 42530 Dues and Subscriptions 150 42570 Printing and Publishing 250 43200 Contract Services 40,000 Total Admin Costs 83,806 Note: ROPS = Items that are included in the Successor Agency ROPS as they are tied to Housing bond issues, which remain a Successor Agency obligation, not a Housing Successor Agency obligation. SECTION 6. Any changes, clawbacks, or similar actions, to the Housing Successor Agency required by the Oversight Board, the Riverside County Auditor- Controller, or the State of California and approved by Housing Successor Agency, shall constitute an approved amendment to the Housing Successor Agency budget without further action by the Housing Successor Agency. SECTION 7. The City Manager is hereby authorized to pay any demands of the State of California in Fiscal Year 2012-13 and Fiscal Year 2013-14 pursuant to AB 1X 26, as amended, and such demand shall constitute an approved amendment to the Successor Agency budget without further action by the Successor Agency Board. SECTION 8. The City Manager and City Clerk are hereby jointly authorized to execute any professional services or contract specifically included in an approved ROPS or the Fiscal Year 2013-14 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 deemed complementary to and consistent with the authority to enter into contracts provided in City Council Resolution No. 20271. SECTION 9. The Director of Finance is authorized, at the end of Fiscal Year 2012-13 and Fiscal Year 2013-14 through the closing of the accounting records for each such fiscal year, to make and record appropriate interfund transfers and fund balance transfers to appropriation accounts as required to properly account for and balance activity accounts, programs and funds, prior to the completion of the fiscal year, audit. SECTION 10. In retaining the responsibilities of the Palm Springs Community Redevelopment Agency as provided in California Health and Safety Code §§ 34173 and 34176, the City Council expressly determines, recognizes, reaffirms, and ratifies the statutory limitation on the City and the City Council's liability in retaining the responsibilities of the Palm Springs Community Redevelopment Agency pursuant to AB 1X26. Nothing in this Resolution shall be construed as a commitment, obligation, or debt of the City or any resources, funds, or assets of the City to fund the City's service Resolution No. 23342 Page 4 as the successor agency to the Palm Springs Community Redevelopment Agency as provided in this Resolution. PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, THIS 15'' DAY OF MAY, 2013. David H. Ready, anager ATTEST: mes Thompson, City Clerk CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) 1, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 23342 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 May 15, 2013, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Lewin, Mayor Pro Tern Mills and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, City Clerk 411�r'IK of Palm Springs, California 6,3T Op X11111 DEPARTMENT OF EDMUND G. 'BROWN JR. GOVERNOR °qv....�F I N A N C E 915 L ST.Me ■8w "MENT CAN 95B14-3906■w --Mr.e Wo—v- March 22, 2013 Mr. John Raymond, Director of Community&Economic Development City of Palm Springs 3200 E.Tahquitz Canyon Way Palm Springs, CA 92262 Dear Mr. Raymond: Subject: Recognized Obligation Payment Schedule Pursuant to Health and Safety Code(HSC)section 34177(m),the City of Palm Springs Successor Agency(Agency)submitted a Recognized Obligation Payment Schedule (ROPS 13-14A)to the California Department of Finance(Finance)on February 6, 2013 for the period of July through December 2013. Finance has completed its review of your ROPS 13-14A, which may have included obtaining clarification for various items. Based on our review, we are approving all of the items listed on your ROPS 13-14A at this time. The Agency's maximum approved Redevelopment Property Tax Trust Fund(RPTTF) distribution for the reporting period is:$3,945,947 as summarized below. I Approved RPTTF Distribution Amount For the period of Jul through December 2013 Total RPTTF funding requested for obligations $ 3,920,639 Total approved RPTTF for enforceable obligations $ 3 920 639 Plus:Allowable RPTTF distribution for ROPS 13-14Aadministrative cost 125,000 Minus:ROPS ti prior period adjustment (99,692 Total RPTTF approved for distribution: $ 3,945,947 Pursuant to HSC Section 34186(a), successor agencies were required to report on the ROPS 13-14A form the estimated obligations and actual payments(prior period adjustments) associated with the July through December 2012 period. HSC Section 34186(a)also specifies that the prior period adjustments self-reported by successor agencies are subject to audit by the county auditor-controller(CAC)and the State Controller. The amount of RPTTF approved in the above table includes the prior period adjustment resulting from the CAC's audit of the Agency's self-reported prior period adjustment.'Please refer to the worksheet used by the CAC to determine the audited prior period adjustment for the Agency. Please refer to the RODS 13-14A schedule that was used to calculate the approved RPTTF amount i Mr.John Raymond March 22, 2013 Page 2 htto://www.dof.ca.govlredevelopment/ROPS/ROPS 13-14A Forms by Successor Aoency/. This is Finance's final determination related to the enforceable obligations reported on your ROPS for July 1 through December 31,2013. Finance's determination is effective for this time period only and should not be conclusively relied upon for future periods. All items listed on,a future ROPS are subject to a subsequent review and may be denied even if it was or was not denied on this ROPS or a preceding ROPS. The amount available from the RPTTF is the same as the property tax increment that was available prior to enactment of ABx1 26 and AB 1484. This amount is not and never was an unlimited funding source. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax is limited to the amount of funding available to the successor agency in the RPTTF. To the extent proceeds from bonds issued after December 31, 2010 exist and are not encumbered by an enforceable obligation pursuant to 34171 (d), HSC section.34191.4(c)(2XB) requires these proceeds be used to defease the bonds or to purchase those same outstanding bonds on the open market for cancellation. Please direct inquiries to Beliz Chappuie, Supervisor or Anna Kyumba, Lead Analyst at (916)445-1546. Sincerely, STEVE SZALAY Local Government Consultant cc: Mr. Geoffrey Kiehl,Director of Finance, City of Palm Springs Ms. Pam Elias, Chief Accountant,Property Tax Division, County of Riverside Auditor Controller California State Controller's Office i Mr.John Raymond March 22, 2013 Page 3 I:\ROPS 13-14A Letters\Justyn's Suspense\03-23 Palm Springs ROPS 13-14A Letter.docx Email Addresses of Addressee and ocs John.ravmondna.oalmsorinns-ca.aov Geoffrey.kiehl(agalmsorunas-ca.aov peliasOoo.riverslde.ca.us RDA-SDSuaoort(asco.ca.aov i i i SUCCESSOR AGENCY CONTACT INFORMATION 238 Riverside Palm Springs John i Raymond Director of Community and Economic Development 3200 E Tahquitz Canyon Way Palm Springs CA 92262 760-323-8228 john.raymond@paimsprings-ca.gov Geoffrey Kiehl Director of Finance 760-323-8221 Geoffrey.Klehl@palmsprings-ca.gov SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE Filed for the July 1,2013 to December 31,2013 Period Name Of Successor Agency: PALM SPRINGS(RIVERSIDE) Outstanding Debt or Obligation Total Outstanding Debt or Obligation total $132,297,528 Current Period Outstanding Debt or Obligation Six-Month Total A Available Revenues Other Than Anticipated RPTTF Funding $14,000 8 Enforceable Obligations Funded with RPTTF $3,920,639 C Administrative Allowance Funded with RPTTF $125,000 D Total RPTTF Funded(B+C=D) $4,045,639 E Total Current Period Outstanding Debt or Obligation(A+B+C=E)Should be some amount as ROPSform six-month total $4,059,639 F Enter Total Six-Month Anticipated RPTTF Funding $4,500,000 G Variance IF-D= G)Maximum RPTTFAIIowable should not exceed Total Anticipated RPTTF Funding $454,361 Prior Period(July 1,2012 through December 31,2012) Estimated vs.Actual Payments (as required in HSC section 34186(a)) H Enter Estimated Obligations Funded by RPTTF(lesserofFinance's approved RPTTFamovnt including admin allowance orthe octualamount distributed) $2,352,404 1 Enter Actual Obligations Paid with RPTTF $2,127,712 J Enter Actual Administrative Expenses Paid with RPTTF $125,000 K Adjustment to Redevelopment Obligation Retirement Fund(H-(I+1)=K) $99,692 L Adjustment to RPTTF (D-K=L) 1r $3,945,947 Certification of Oversight Board Chairman: Pursuant to Section 34177(m)of the Health and Safety code, Name �iUA.2D �,LacQti�S f>ZG.P1=-YrAJ I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. 5 ture Date � \\�\\\\\\\\\\\�\\\\\\\\\\\\\\\\\\\\\ .. .... 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