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23171
RESOLUTION NO. 23171 A RESOLUTION OF THE CITY COUNCIL ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE ADOPTION OF AMENDMENTS TO THE RECOGNIZED OBLIGATION PAYMENT SCHEDULES FOR THE PERIODS OF JANUARY 1, 2012 THROUGH JUNE 30, 2012 AND JULY 1, 2012 THROUGH DECEMBER 31, 2012 IN THE FORM OF AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULES (ROPS). WHEREAS, The Community Redevelopment Agency of the City of Palm Springs ("Redevelopment Agency") was a redevelopment agency in the City of Palm Springs ("City"), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) ("Redevelopment Law"); and WHEREAS, the City Council has adopted redevelopment plans for Palm Springs' redevelopment project areas, and from time to time, the City Council has amended such redevelopment plans; and WHEREAS, the Community Redevelopment Agency was responsible for the administration of redevelopment activities within the City; and WHEREAS, AB X1 26 and AB X1 27 were signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) ("Part 1.85") to Division 24 of the California Health and Safety Code ("Health and Safety Code"); and WHEREAS, the California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v. Matosantos, et al. Case No. S194861) alleging that AB X1 26 and AB X1 27 were unconstitutional; and WHEREAS, On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding AB X1 26 as constitutional, invalidating AB X1 27 as unconstitutional, and holding that AB X1 26 may be severed from AB X1 27 and enforced independently; and WHEREAS, The Supreme Court generally reformed and revised the effective dates and deadlines for performance of obligations under Health and Safety Code Part 1.85 of AB X1 26 arising before May 1, 2012 to take effect four months later, while leaving the effective dates or deadlines for performance of obligations under Health and Safety Code Part 1.8 of AB X1 26 unchanged; and Resolution No. 23171 Page 2 WHEREAS, on February 1, 2012, as a result of the Supreme Court's decision, all California redevelopment agencies were dissolved, successor agencies were established as successor agencies to the former redevelopment agencies pursuant to Health and Safety Code Section 34173, and successor agencies are tasked with paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and winding down the affairs of the former redevelopment agencies; and WHEREAS, on January 4, 2012 the City Council adopted Resolution No. 23071, declaring itself as the successor agency to the Community Redevelopment Agency of the City of Palm Springs ("Successor Agency") upon the dissolution of the Redevelopment Agency; and WHEREAS, Health and Safety Code Section 34179 establishes a seven (7) member local entity with respect to each successor agency and such entity is titled the "Oversight Board of the Successor Agency to the Community Redevelopment Agency of the City of Palm Springs" (hereinafter referred to as the "Oversight Board"). The duties and responsibilities of the Oversight Board are set forth in Sections 34179 through 34181 of the Health & Safety Code; and WHEREAS, Health & Safety Code Section 34177(1) requires the Successor Agency to prepare a Recognized Obligation Payment Schedule (ROPS) listing the enforceable obligations of the former Redevelopment Agency; and WHEREAS, Section 34177(1) also provides that the ROPS (i) shall be reviewed and certified by the Riverside County Auditor-Controller ("County Auditor-Controller"); (ii) submitted to and duly approved by the Oversight Board; (iii) posted on the Successor Agency's website; and (iv) submitted to the County Auditor-Controller, the State Controller and the State Department of Finance ("Department of Finance"); and WHEREAS, on February 15, 2012 the City Council, acting in its capacity as the Successor Agency, adopted Resolution No. 23097 approving the Initial ROPS ("IROPS") for the period ending June 30, 2012 pursuant to Health & Safety Code Section 34177(1); and WHEREAS, the Successor Agency provided the IROPS to the County Auditor- Controller for their review and certification and also posted the IROPS on the City's website in accordance with Section 34177(1); and WHEREAS, on April 3, 2012, the first meeting of the Oversight Board of the Successor Agency took place and Oversight Board Members were duly sworn into office; and WHEREAS, on April 3, 2012 the Oversight Board adopted Resolution No. 005 approving the IROPS for the period ending June 30, 2012 pursuant to Section 34177(1); and Resolution No. 23171 Page 3 WHEREAS, on April 12, 2012 the Oversight Board (i) notified the County Auditor- Controller, the State Controller and the Department of Finance of the Oversight Board's actions approving the IROPS and provided copies of Resolution No. 005 for their records, and (ii) posted it on the City's website; and WHEREAS, on May 1, 2012 the Oversight Board adopted Resolution No. 007 approving the ROPS for the period ending December 31, 2012 pursuant to Section 34177(1); and WHEREAS, on May 9, 2012 the Successor Agency (i) notified the County Auditor-Controller, the State Controller and the Department of Finance of the Oversight Board's actions approving the ROPS and provided copies of Resolution No. 007 for their records, and (ii) posted it on the City's website; and WHEREAS, on May 14, 2012 the Department of Finance (i) acknowledged receipt of the Oversight Board-approved ROPS and cited its authority pursuant to Health and Safety Code Section 34179(h) ("Section 34179(h)") allowing it to request a review of Oversight Board actions within three (3) business days, and (ii) requested a review of one or more enforceable obligations contained in the ROPS, and further stated that they would contact the Successor Agency within the statutorily required 10 days for further clarification and supporting documentation for the enforceable obligations in question; and WHEREAS, on May 27, 2012 the Successor Agency received a letter from the Department of Finance (i) stating that based on their application of the law, the following items do not qualify as enforceable obligations: (a) Page 1, line items 5 and 9 (Merged Project #1) totaling $1.9 million; (b) Page 4, line items 3 and 7 (Merged Project #2) totaling $1.2 million, because Health & Safety Code Section 34171 (d)(2) states that agreements, contracts, or arrangements between the city that created the redevelopment agency (RDA) and the former RDA are not enforceable unless the loan agreements were entered into within the first two years of the date of the creation of the RDA; (c) Page 1, line item 26 (Merged Project #1) totaling $3 million, because the County shall deduct property tax collection fees from the successor agency's tax increment prior to distribution; (d) Page 6, line item 3 (Low and Moderate Income Housing Fund Obligations) in the amount of $1.6 million because the requirement to set aside 20 percent of RDA tax increment for low and moderate income housing purposes ended with the passing of the redevelopment dissolution legislation; (e) the administrative costs claimed by the Successor Agency exceed the Administrative Cost Allowance by $230,753 because Health & Safety Code Section 34171(f) limits the fiscal year 2011-12 administrative cost allowance to five percent of the property tax allocated to the successor agency or $250,000, whichever is greater, which would be $443,482 and the administrative costs claimed from January to June 2012 totaled $674,235; and WHEREAS, the Successor Agency is currently reviewing the interpretation by the Department of Finance in reference to the items described as (a) and (b) above, and desires to work cooperatively with the California Department of Finance and the Oversight Board; and Resolution No. 23171 Page 4 WHEREAS, in order to not delay receipt of funds from the County Auditor- Controller for the approved Items on the ROPS, which funds are necessary in order to pay such enforceable obligations, at a Special Meeting held on May 30, 2012, the Oversight Board approved amendments to the ROPS for the period ending June 30, 2012 and for the period ending December 31, 2012, while the Successor Agency continues to review the interpretation by the Department of Finance; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS AS FOLLOWS: SECTION 1. The City Council hereby finds and determines that the foregoing recitals are true and correct. SECTION 2. The amendments to the two ROPS in the form of the Amended ROPS for the periods ending June 30, 2012 and December 31, 2012 which are attached hereto and incorporated by reference, is hereby approved and adopted. SECTION 3. Future resolution of any non-allowed items will be accommodated and addressed by amending the ROPS for the appropriate time period. PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL ACTING SOLELY IN ITS CAPACITY AS SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS 6T" DAY OF JUNE, 2012. David H. Ready, anager ATTEST: ames Thompson, City Clerk Resolution No. 23171 Page 5 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk, to City of Palm Springs, hereby certify that Resolution No. 23171 is a full, true and correct copy, and was duly adopted at a special meeting of the City Council June 6, 2012, by the following vote: AYES: Councilmember Hutcheson, Councilmember Lewin, Councilmember Mills, Mayor Pro Tern Foat, and Mayor Pougnet. NOES None. ABSTAIN None. ABSENT None. ; James Thompson, City Clerk /1 i '2©iZ City of Palm Springs, California �/ RECOGNIZED OBLIGATION PAYMENT SCHEDULE-CONSOLIDATED FILED FOR THE JULY 2012 to DECEMBER 2012 PERIOD Name of Successor Agency City of Palm Springs a3 Successor Agency to the Community Redevelopment Agency of the City of Palm Springs Current Total Outstanding Total Due Debt or Obligation During Fiscal Year Outstanding Debtor Obligation it 137,814881.is $ 7,809,006.92 hn,kP' _ r atµ Total Due for six Month Period ,outstanding Debtor Obligation S 2,682,403.50 Available Revenues other than anticipated funding from RPTTF $ 330,000.00 Enforceable Obligations paid with RPTTF $ 2,22T,403.50 Administrative Cost paid with RPTTF $ 125,000.00 Pass-throu h Mile Od with RPTTF $ Administrative Allowance(e�a3%0 anflolbou4 Funding from RPMor2 ,MO.We CeWdan shouWw InGude pav-iMaeh payirems medewXh RGsiF.'Rre RPTtF npmlMstrative Coat/euro abme ahouW M ssceei Mb minlstative CosiNbMenU flgwa) S 250,000.00 Ce0cation of Oversight Board Chairman: Pumuantto Section 34177Q)of the Heahh and Safety code, 711+ n AS p1.AV I N C,(ar sL' scent I hereby witty that the above Is a true and accurate Recognized Name117Title Enforceable Payment Schedule for the above named agency. P� as.Bi+ ZOl Z g ture Date F+ O SUCCESSOR AGENCYAOMIN BUDGET February-June 2012 Annual Budget Source Monthly Feb Mar April May Jure Total STAFFCOSTS 40000 Re6ularEmPloyees 206,492 ACA 17207 17.207 17,207 17,207 17,207 17,207 36,034 Furlough -20,649 A (1,721) (1,721) (1.721) (1.721) (1,721) (1,721) (8,609) 41600 P.E.RS.Ccntdbution 70,992 ACA 5,916 5,916 5.916 5,916 5,916 5.916 29,680 41900 Fringe Benefits 37,976 ACA 3,185 3,165 3.10 3,165 3.165 3,165 15,823 41920 RHS 300 ACA 25 25 25 25 25 25 125 Total Personnel Services 295,102 ACA 24,592 24.592 24.592 24,592 24,592 24,592 122,259 Annual Banks Ce< cure Feb Mar �r May June Total OTHER NON-ACA ADMIN COSTS 49000 Inseranoe 19,736 ACA 4,934 4,934 9,666 49010 Administrative Charges 292,241 ACA 73,060 73,050 146,121 Materials and SuppW" 35,089 ACA 4.054 4,054 4,054 4,054 4,0S4 20,270 Building Rental 16.000 AC - - - - - - 43250 Audit Services 11.000 ACA 3.000 3,124 6,124 43220(9ereral Legal Counsel 57,700 ACA 6,656 6,656 6,656 6,556 61656 33,280 43220 Redevelopment Special Counsel 14,402 AC - - - - - - 43200 Contractual Services ACA - Harrell S Company Advisers 20,DOD ACA 5,000 5,000 5,0M 5,000 2D,D00 Harrell S Company Advisers 6,557 ACA 6,657 SAN 49600 Paying Agent/frustee Fee ACA Bank of New York Melon Trus 13,000 ACA 143 143 43960 Property TeX 8,400.00 ACA 4,200 4.200 494,205 103,504 23,034 15,710 88,704 15,710 246,663 Total Administrative Budget Pela.lun 2012 369,822 " Total Rebognized Obligation(P.2+•P.3) 7,434,716 Percentage of Total 4.97M •The Administrative Cost Allowance approved by the State of California Department of Finance was$443,482. r Nameof Hadev&opment Agency, Cry of Palm Salinas as Suaessn AAencvNIn.Community Redsvellifenl PAualic Ble Cut Ol Fees gain, FORMA-Redevelopment Property Tax Trust Fund(RPTTF)Paget Pe jeq heels) Merged Pre..Ni t and Merged Pro'eat No.2 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26-Sections 341771') Payab Dinner Ne Redwe m lgpent Pr ce aM Tax Trust Per.RTTF)P LmtraNPgreemenl TOMI Due During "' Pa enrs dentin Total Outstanding FiscalYear career Name/Debt Obll atlon ExecuYon DaPo Pa ea Oescn bon Pro'ett Nea Debtor Obligation Source 2012-2013^ 3ourca Jot 2012 AD 2012 S 12012 OCT." Nov 20t2 Dec 3012 Toral 12004Tax Pllgwdon REAndin Bonds Seneca 6OMM Bank of New York Motion Two Refinance 1994 Tax education Bonds merged 1789598625 1036427.W RPITFt 22007 Tax Alienation Bonds Series A 9/182007 Renk of New YOM1 MNMn Time Cai181 Protect, Merged 23960387652 61922500 RPTTF( 32007 Taxable Tax Alonalon Bonds.Series IS 9/18200I Bank of New York NOW Ture Passeariv AculAtian Meredl 3854547671 11729310 RPTH1 4 Si Loans 4151401 Pa1.Spring.Xcus Succe Loans for FY 200110 and 201.111 SERAF Prednects Merged SW884000 105200000 RPTTF 1,052,000,00 IS 1052000W S Laan SAGAMB Removed by Me CeIHwnM Dearbnent of Flnanw Me 1 0.00 RPTTF $ fi HousingDelmml Repayment H&S Code Palm i nd Turningw Ra Suc1986 Set P&tle DMenal merged 1 153266900 000 RPTTF $ 71 2004 Convention Center 60ntls 616i Cri,effuldinSprinss ]Man,,Contributed to Convention Case,Expansion Meredl 29.900.000600 1300000.00 Ali 65001 65000000 8 Are end For RGmbuwment 1W1 1991 Removed Six We California Department of France Mori 1 RPTTF 9Conlmcl Serview-Financial 9Y[20010Harm1lBComan Advisors Me ed l Bonds Disclosure Ruding Mo..l 110000600 5000.00 RPTTF 1.00000 1W000 ' 0 C dtsxol Services-Rebate Calculation W42010 Wdi redaction Sections Urged l Hands ReOala Coneuding Sections Merged 2750000 250000 RPTTF 2,500.00 $ 2WOdo tt ..no Trustee Pees Used lassan, Bank M Near York Mellon True Mucessel l Bonds Trustee Pass merged 16500000 750000 RPTTF 500000 $ 5000.00 - 12 Densities and DevelomeM Agreement 121WOM Endure Investments Financed Asslcranw Remediation Me'ad1 2]]00000 2]]00000 RPTTF $ 13 Dlsoslion and 0evelonaMAreement 12MOOS Endure lnvaslmenb lesurnial AcelclanwlO Year M..I 1d0figoi 14000000 RPTTF 140000.00 $ 14000000 14 1Nmg Pettiness, .. 1/19R000 NPMmgrc Financial Ac isbnce Mer edl ]69S52D0 IWDOC 00 RPTTF $ IS Facto Native Jud man Pacific X ilali Jed mantas 0mermine6b Coml MarfiedI TBD TOO RPTTF $ t6 2004 Tax Pllossfion Refunding Sionce,Series 6/182004 Trust Fefinanw 1994 Tax Mosfion Bands Medged2 14,453,293.21 613.75626 R 1 17 2007 Taxable Tax silenation Bonds Series L W1812007Tend FroportyAcouncrifien Ming.2 12407609641 52111i R 1 t, 18 amen(ran Relmbuuareant 12/62006 Cifty of Palms ran c PSL-236 Lease Marreed2 356606300 122892,00 RPTTF 12289300 $ 12289200 19 2004 Convention Center Bonds "n0i Cstv M cater 6 do s Agi ConMWtipn 0 Conversion Center Ex esenn seffing.2 fl." 0d0 30000000 RPTTF 150000.00 $ 160,000.00 2 ment tar ReNnbursemenl 622/1993 Removed W MeC IHomla DeqxdrxMxA 0 Finance Ys ed2 RPTTF $ 21 Contract services-Fnangal _ 9222010 Hanetl E Cmm an "iase Morgan 2 Binds Oittlosure Arni Md,.2 110.000.00 EGOO RPTTF $ 22 Contract Services-Rei Consulates 6/42010 WilNan Nnandal Sections Merged 2 Bards Rebate Consulting Servkec Magand2 27.50000 2.500.00 RPTTF 25 .00 2,500c0 23 Bond Trustee Fees Uw Hwenal Bank of New York Mglw Tau sunfied 2 On.Tease Fees Morgan 1100WA0 5000.00 RPTTF 3500.00 250000 24 2001 Herning Tin Alteration BondS 7/312001 Bonk of Neon York Mellon Train Refinance 1991 Housure Tax NlosOon Bonds Me ed1Ab ed S030 Oft 46721TD) fifife $ 25 9f?ZC%l0 Handl BCom an Advisors rescue Bonds[disclosure Ma4n Monagerlifidearded 1500000 150000 RPTTF 26 Contract Services-RabaM Calculation 614RO10 Will Financial Services Housing Bonds Rebate Consisting Servicac Me ed11M ed 500)00 000 RPTTF $ 27 Bend Trustee Fees Up.,bcuance Bark 0 New York Mellon Trusi Hater Banc Trustee Fees Ma edt ed 2250000 250000 RPTTF 2500.00 $ 2.600.00 28 Contract Services-Audit 4/520101unce Sell a Lurched PMdit SerNrec Margedlielearited 362000.00 1800000 RPTTF 500000 500000 ifig 0 29 Control.-.--l al 1/122005 Wwdrv85 redlin General Legal Cwncel Mageolfiverged TBD 30000.00 RPTTF 250000 2500.00 2501 2500.00 2500A0 350000 1500000 391 Contract Servlcas-Fnancal 7/181 HarrellBCocian Advsms EOPSardROPSC.d?Jr1 Margeditworged 12000.00 6000.00 RPTTF 50000 SOON 501 MOAN 500.00 50000 3000. 31 32) $ Totals-"is Page,dRPTTF Funding Page t) $127,993,761 680038392 WA It 1065.00000 $ 14550000 $ 205o0A0 $ 300000 $ 92689200 $ 8.00000 $ 2158892.00 Teals-Pege 2(UPIFF Funding Page 2) 36141500 $ 156623.0 WA $ 1420900 $ 2220M $ 13020.SO 1302050 1 1302050 1302050 $ 68511.W 'coi-Pege 3(OMa Pond'm8) 398000000 1 680000,00 WA $ Futures)00 $ 5500000 $ 55 UCTO SS 000W 5500000 55000.00 I$ 33000000 Totals-Pege 4(AdminYrative Cast Allowance) $ 5 500 000 00 $ 250WOA0 WA E 2083335 $ 2085333 $ 20o33.3J 2983333 20.833.33 2083333 $ 125000.00 ToUls-Page 5(Nor Tbry Paymeend E $ We $ $ $ Grand..-NIPS c 113]816861.15 1$ 7859.0fi 114504235 22355383 109353.83 9tB53 B3 $1,015145.83 $ 8685393 2B82I0350 no Preliminary DroRRecadi Ob119adon Painted Schedule(ROPS)Is b!Contemplated by 3112012 by Mesumessar Moral and suuxeguan0y be approved by Me ov-Nhl bwrd More Moflnal RODS is subnitted Mono SI Controller and SMb OspaNnent or Flnanw by ApH115,2012.111. at a reguiremeM Mat Me Agreed No. Precedence Judge ge be complated bounce submndiiUse firW Overugbl Approved HOPS to Me State Controller and Stab DeTarhnent MFiruraca "el..Is due Aanrg fiscal fear next prymant amounp are prGouhd. '^Funding sources from We successor agenry:(Fu fisca12011-12 only,aehrences Na RPTTF i also mean tax Inurement aBwMed bone Alger,prior b Feuded,1,2012.) (1)August 2012 and September 2012 Debt Samoa Alaady on Oepmit WN Trustee RPTTF-Redevelopment PrgpaM Tax Trust Fund Bonds-Boni paeads ONer reserves, an.,In..eandful ah LMIHF-Low and Madereb Income Housing Fund Account-Sestaidnc Aers.'aative ancennw N Name of Redevelopment Agenc, City M Palm Shnnosa56uccal Agency to Me Community Radiant0pmant Agency of Me City of Palm Spends FORM A-Re&vWopment PmpeM Tax Trust Fund IRPTTF)Page 2 Pasent Areas) Mended Project No t and Merged Fmecl No.2 REC0ONI D OBLIGATION PAYMENT SCHEDULE Per AS 26.Section U177 V) Payable Mean Me Redevelo mt Praperry Tax Tmal Fund(RPTTF) Total Due Dueng Coubac✓Agmamenl Told Outstanding F'wwl Year Funding Fannie.h mmM Pad,Na..,Dan,0611 wen E4cudpn Date Fa a Lauderdale,i NOW"a Debtor OLli a6m 2012 201 a- SpurW July 2012 Au 2012 3e 12012 0.2012 Noy 2012 Dea2012 Trial 1 Cie Braid- memmt 1/te20ll Ci MPaimi M s Liability Insurance Me edLMe ed 4488500 8W].00 RPTTF 448850 $ 448. 2 Cooperative A marten 1118R011 City M Palm S tln 5 Wain Rentel fis"Idlifluseri 7500000 1500000 RP F 750000 $ 7,500.0 3 C ershyrr meM 1/102011 C adPalmEnding. Selene.and Benefits PLoya ACA Me eiM.M ed3 13323000 26646.00 RPTTF 2220W 222050 2220W 222060 232050 2220.50 133230 4 Caused SBMc0s-COneuMn 11142009 Clearen Counni—1 Cat-W Oawn.Canadian Started I Ut're 00 me,or on RPTFF 10,0000 10800.00 10800.00 108000D 43 M). 5 RPTTF 8 8 RPTTF $ ] R F S 6 RPTTF 9 RP F I I- 121 WITF $ 11 RPTTF 12 RPTTF $ 13 RPTTF S 14 RPTTF 1s RPTTF $ 1g RPTTF $ T RPTT 18 RPTTF $ —19j RPTTF 2-01 RPTTF 21 RPTTF 2 RPTTF $ 2 RPTTF AlRPTTF $ 25 RPTTF 36 RPTTF $ 2] RPTTF Is 26 RPTTF I S 20 RPTTF $ 30 RPTTF 31 RPTTF $ 32) $ Totals-The Page(RPIIF Funding Page 2) $ 361115.00 $ 158623.00 WA $ I4209.00 $ 2220.50 $ 13020.60 $ 13020.50 $ 13 02050 S 13020.50 685115i Th.Pr Marry Draft Rec06nlzed 0blHa8on Payment Schedule(ROPS)Is to ba comMY W3/MW.fi,y Me auccassor agen,,aM eubpuantly be approved In,Me overshod board befpa the final ROP$is aubml W Me State Controller and State DeWrEnent ar Finance tr/Agi115.2012.It is not a requirement Mat Me Agreed OPon Pmoedures AUMI be cwnpleed before submN gMe final Oversight ApMourad ROPE W Me SbN Conbdlx and State DepaNnent M Needed. "All torah Ma dude,fiscal ya.antl payment amounts are slarid d. '^Funding address hom Me sucaaasm assay:(Fwfleca12011-12 onry,m4mnces.RPTTF could Yap mean fag red rem...Secured to Me Man,prior b FeWuary 1,2012.) RPTTF-Redevelopment Prpery Tax,Trust Fund heads-Bend proceeds OMer reserve;rents,durn. their,e6 LMINF-Low and Moderate Mcere Housing Fund Admin-Succaasor Again,AdmlMshaWe Aeowaze r w Name of Redevelopment Agenq. QNot Palm Sorines as 5uccasSor Ap¢ncv to We Cummunily RedevolPomeM Agsnry WOe Cllyof Palm Sporms FORM B-All Revenue Sources Other Than Reda,micpmenl Property Tax Trust Fund(RPTTF) Pool Aca ls) Merged Protect No.1 and Merged Proper No.2 DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26-Section 34177(') Payable from Other Revenue Sources TotaToler Due During Con4acVAgreemanl Debt or Fiscal Year Pa menb b monlM1 Project Name Oeb1 O611 a4on Exewnnn Data Forces Desch tlon 'eclgrea peel or OOli afon 2012-2013^ Nourno Source"' Julv 2012 Me 2012 Sol Oct 2012 Nov 2012 Oec 2012 Total I Lease/SubleaseAroemmc 1/1912000 VIP Motors Prefiffl,Lease Merged 1 3.96000000 660.00000 Lease Income 55,00000 55.000.00 55.000.00 55000.GO Kow 00 5600000 $ 330009D0 2 8 3 $ 4 $ 5 $ 6 $ T $ 6 $ g $ Al $ 11 12 $ 13 $ 14 $ 15 $ 16 t> $ 2 16 $ 19 $ 2D $ 21 $ 22 $ 23 $ 4 It 25 $ 26 $ 2T $ 23 $ 2 $ 30 $ 31 g 32 $ 33 $ Tools-LMIHF 000 Totals-Bsnd Proceeds $0.00 Telab-Other $ 3-fic O00 $ BBOOWO0 $ 55,00000 $ 550W,00 55.OW.00 $ 55000.00 $ M 00 $ SS000.00 $33000000 Grandr0lal-Tris Page E 3.980000.00 $ 660.00000 $ 55.00000 Is 550W.00 S 550W.00 S 5500000 55.00000 $ 55.00000 $ 330.00000 ' The Preliminary Drag Recognized Obligation Payment Schedule(ROPS)is to be completedby311I2012 by the successor agency,and subsequently be approved by the ovmsigbl board before the final ROPS is submitted to the Stale Controller and SHM Department of Finance by April 15,201211 is cool a requirement that the Agreed Upon Procedures Audit be completed before submMing the final Oversight Approved ROPS to the slam Controller and Slate Department of Finance All loll do.dud,fiscal year and p,.am amou.K are projected. ^Funding sources from the successor agency:(For fiscal201112 only,references to RPTTF could also mean tax froremenf allocated to the Agency prior t February 1.2012.) RPTTF-Redevelopment Properly Tax Trust Flood Bonds-Bond proceeds Other reearvae rents,iMenst ear final am LMIHF-Low and Moderate Income Housing Fund Man-SuuessorA enc AdmlMsbmiva Manuel H Name of Redevelopment Agency'. Cry of Palm Spndgs as Successor Aluencv to the Community Redevelopment Agency of@e Cq of Palm Spain, FORM C-Administrative Cost Allowance Paid YMh Redevelopment Proparty Tax Trust Funtl(RPTTF) Project Ama(s) Merged Project No and Merged ProMa No.2 DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26-Section 11177(') Payable from the Administ.1".Allowance Allocation^" Total Due Dud, Total Outstanding Fiscal Year Punting Pa mends b month Pro Name lDebt 001 aWn Payed, Desctl lore P grea Dahl or O01"1,1spi.lion 2012-2013" Sou¢e" July 2012 Aug2012 Sept 2012 Oct 2012 Nov 2012 Dec 2012 Total 1 Administrative Cost Allowance City of Palm Sd s OvermdCost Allocation Merged 111VIe ed2 55001000.00 29300000 RPTTF 20833.35 20.833.33 20833.33 20,83333 20,833.33 20,833.33 125,000W 2 3 $ 4 $ 5 6 T ie $ 9 10 it $ t2 $ 13 tit 15 16 $ In $ '16 $ 11 20 zt $ 22 23 24 25 $ 26 $ ZI 26 $ $ $ $ Totals This Pa . $ 5 ads.000.as a250000.00 $ --83J.J5 $ 20,63J.J3 $ 206J3.JJ 2D,633.33 $ 20,633.33 20.633.JJ 125.0110.00 The Preliminary Draft Recognized Obligation Payment Schedule(ROP$)Is to W completed by 3H12012 by the successor agency,and subsequently be approved by the oversight board before file final ROPE is submitted to the State Controller antl Stale Department of Finance by Apol 15.2012. It Is not a requirement that the Agreed Upon Procedures Audit be,completed before submifting the final Overelght Approved POPS to the state Controller and State Department of Finance. All total due during fiscal year and payment amounts are projected. "Funding sources from the successor agency:(For fiscal 2011-12 only references to RPTTF could also mean tax increment allocated to the Agency pdorto Fabfuary 1,2012.) RPTTF-Redevelopment Property Tax Trust Fund Bond.-Bond pfoceeds Other-reserves,dents.Inlefest earning.,etc LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance ^-Administrative Cost Alloni caps a.5%of Form A 6monlh hunts In 2011-12 antl 3%of Form A 6 .mht.Wl.in 2012-13. The calculation should not factor In pass through payments paid forwlth RPTTF in Farm D. Name of Redevelopment Agency City of Palm$pdngs as Successor Apencv to the Community Redevelopment Agency of the City of Palm Spdngs FORM 0-Pass-Through Payments Project Area($) Maimed Project No.1 and Merged Par ect He OTHER OBLIGATION PAYMENT SCHEDULE Per AB 26-SecUon 34177(7 Pass Through and Other Payments— Total Due During Payments by month Total Outstanding Fiscal Year Source of Pro ec[Name I Debt Obli shoo Payee Description Project Area Debt m Obli ation 2012-2013" Fund— July 2012 Aug 2012 Sept 2012 Oct 2012 Nov 2012 Dec 2012 Total 1 All Passihrou hObli ations Nil be Paid b the Coun Auditor Cmoboller Dlrectl.notthe SuccesserA enc $ p $ 3 $ 4 $ 5 $ 8 $ T $ g $ g $ 10 $ 11 Is 12 $ 13 $ 14 $ 15 $ $ Is $ I $ $ Totals-Omer Obli a6ona Is $ $ $ $ $ $ It $ $ The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)Is to be completed by WIM012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS is submitted to the Stele ConVollet and State Department of Finance ly April 15,2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROWS m me State Controller and State Department of Finance. "All total due during fiscal year and payment amounts are projected. Funding sources from me successor agency:(For fiscal 2011-12 only,inferences to RPTTF could also mean tea increment allocated to his Agency prim to Febmmy 1,2012.) RPTTF-Redevelopment Property Tax Treat Fund Bonds-Bond proceeds Other-reserves.rents,interest earrings,etc LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency AJministrafive Allowance "-Only the January through June 2012 ROPS should include expenditures for pass-through payments.Starting with the July through December 2012 ROPS,per HSC section U163(a)(1),the county auditor controller will make the required pass-through Payments prior to transferring money Into me successoragency's Redevelopment Obll atlon Refirement Fund for items listed in an oversight board approved ROPS. F+ 02 Name of Redevelopment Agency: Community Redevelopment Agency of be,City of Palm Springs Pagel of 6 Pages Project Ample) Merged!Project No.1 INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26-Section 34167 and 34169 Total Outstanding Debt or Obligation Source of Pa ubable by month as of June 30, Total Due During Project Name I Debt Obligation Payee Description 2011 Fiscal Year" Payment July-Dee Jan' Feb Mar April May June Total 1 2004 Tax Allocation Regarding Bonds Series Bank of New York Mellon Trust Refinance 1994 Tax Allocation Bonds 24,470886 194],26] RP11F 8245134 1,122,703 1,122,703 2 2007 Tax Allocation Bonds,Series A Bank of New York Mellon Trust capital Proeco 23960388 926838 RPTTF 309613 619,225 619225 3 2007 Taxable Tax Allocation Bonds Series B Bank of New York Mellon Trust Property Aeskrotim, 3 85,1 458 175,941 RPTTF 58,647 117,294 117,294 4 SERAF Loans Low Mad Housing Fund Loans for FY 2009/10 and 2010111 SEW P 5069848 1,013,969 RPTTF 1013,969 1,013,969 5 City Loan and Interest Removed by the California Deparrepand of Finance RPTTF 0 0 6 Loan Low Mod Housin Fund Loan to Me ed Pro ect No,1 148 632 74,316 RPTTF 74,316 74,316 ] HousingDeferral Repayment Low Mod Housin Fund Pre-1986 Set Aside Deferral 1 532 669 RPTTF 0 8 2004 Convention Center Bonds City of PalmSpring. en ContribWon to Convention Center 29900000 1300000 1 RPTTF 650000 650000 mo,wo 9 Agreement for Reimbursement Removed by the California Department of Finance RPTTF 0 0 0 10 Cooperative A reement City of PalmSprings Salaries and Benefits 4600000 214799 ACA 107399 17,900 17,900 17,900 17900 17900 17.W0 107,400 11 Cooperative A reement City of PalmSpring. Insurance 181300 9065 ACA 4533 1 2,268 1 1 2268 1 4,532 12 CosparativeA reement City of PalmScribble MidinisVative Char Os 3145200 157260 ACA 78630 3%315 39315 78,6W 13 Coo mtiveAreement City of PalmS 'ns Materials and Supplies 336440 16822 ACA 5758 111" 1,844 1,844 1,844 1,844 1844 11064 14 C..pm.fiy.A dement City of Palms rims Building Rental 210000 10500 ACA 1050(1 0 L51 Contrail Services-Audit Lance Sell&Longhand Audit Services 172500 6900 ACA 4400 1,000 1,500 2,500 16 Contract Services-Le al Woodruff S ratllin General Le al Counsel 124't'i 49784 ACA 15281 5750 5750 5750 5.750 5]50 5753 M.503 17 Contract Services-Le al Beef Best&Kreiger Redevelopment S ecial Counsel 14402 14402 ACA 14.402 0 18 Contract Services-Consultin Terra Nova Consulting Consuffir,Services 3053 3053 ACA 3,053 0 n Contract Services-Consulting Canon Ceremonial Consulting Downtovn Consulting 144000 144000 Fund Balance 54.000 15000 15000 15,000 15000 15000 15000 90,000 20 Contract Services Consultinq Kayser Marston I'mandal Analysis Services 11.640 1 11640 Fund Balance 11.640 0 21 Contract Services-Financial Ham011&Company Advisors Bond Disclosure and Financial Ana sin 230000 10000 ACA 2500 2500 2500 2500 10000 22 2011 Open PO-Audit Lance Sall&Lun haM Audit Services 1 530 1,530 Fund Balance 1,530 0 23 20110 en PO-Finandal Harrell&Corrupter Advisors Bond Disclosure and Financial Analysis 6657 6.657 ACA 6657 6657 Z,41 Property Tax County of Riverside Pro a Tax on Acquired Pro 8,000 8,000 RPTTF 8.000 8000 25 Contrast Services-Other e. .rebate talc Various Various Consulting Services 1,387797 60,339 ACA 339 10.000 10000 10000 10000 10000 10,000 60000 26 Property Tax Collection Fees Removetlb the California Department of Finance 0 RPTTF 0 27 Bond Trustee Fees Bank of New VOM Mellon Trust Trustee Fees 161,000 6,360 ACA 61360 0 28 Contact Services-ConsultingKe ser Marston Consulting Services-Pacific Hospitality 25.243 25.243 RPTTF 0 25243 25243 29 Pacific Hospitality Judgment IPaciffic Hospitality Judgment as Determined by Court To be Determined To he Determined RPTTF 0 0 30 Contract Services-Reendal 1-handell&Company Advisers JEOPS and ROPS Consulting 61538 Q538 ACA 0 6538 8538 0 Tolls-This Page 100828781 6203223 2160849 2,559716 134,013 54,494 60,994 92075 1141282 4,042.574 Teals-Paget 9353947 3180395 549510 55.00 51,199 657,848 250,400 250400 1,315,557 2,W0,884 Totals-Page 3 2634]35 2634735 0 1289,974 0 242,689 0 0 1.102,072 2,634,735 Totals-Page 4 49317138 1 4404019 1140688 2444,549 481146 26,826 97,269 45,145 601.126 1 3,26218 Totals-Page 5 1,419.170 1,449,170 0 495367 0 110785 0 0 813018 1,4191,9T0 Totals-Page 6 Grand teal-All Paes 1]]830,051 20716026 58]3,238 ],330,893 2]0541 1114.825 430452 424303 5221505 14]923T6 RPTTF=Redevelopment Property Tax Trust Fund LMIHF=Low and Moderate Income Housing Fund Wed..Bond Debt Service Due in August antl September 2012 ACA=AdminiWafve Cost Allowance F-+ Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Springs Page 2 of 6 Pages Project Area(s) Merged Pro ecl No.1 INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26-Section U167 and 34169 out owatending Debtor Obligation as of June W. Total Due During Source of Paments by month Project Name/Debt Obligation Pa a Descri ton 2011 Fiscal year Payment Jul-Dec Jan Feb Mar April May June Total 1 2011 OpenPO-Animal Sheller Allen F Smoot B Aapddates Animal Shelter Construction 32.856 32856 Bond Proceeds 32856 0 2 2011 Open PO-Animal Sheller SwaWkWus Architects Animal Shelter Construction 15479 15,479 Bond Proceeds 15.479 0 3 20110 en PO-Animal Shelter Plant Re ro ra hics Animal Shelter Construction Bond Proceeds 0 42011Open PO-Animal Shelter Ingersoll Rand Security Animal Shelter Construction 25,934 25934 Bond Proceeds 25934 0 5 2011 Op..PO-Animal Sheller West Test Communications Animal Shelter Phone System 9,027 9027 Bond Proceeds 9027 0 6 2011 Open PO-Animal Sheller Moore lacofarm Gollsman Downtown Beano Bond Proceeds 0 _71 2011 Open PO-Animal Shelter Schroer Mfg Co Animal Shelter Kennels and Intake Cages 17619 17,619 Bond Proceeds 17,619 0 8112011 Open PO-Animal Shelter take State Industries Animal Shelter Cages 4469 4.469 Bond Proceeds 4,469 0 9 2011 Open PO-Construction Pick Engineering S Palm Canyon Widening5.196 5198 Fund Balance 5198 0 10 Grounds Maintenance Various Operation of Acquired Pro 160000 B000 RPTTF 8000 400 400 400 400 400 2000 11 ContinuingAppropriations Various Animal Shelter Construction Bond Proceeds 98,915 98,915 Bond Proceeds 9818M 80 80 12 ContinuingAppropriations Various COD Master Plan 101 449 101 449 Fund Balanra 650 50,799 50,000 100]99 13 ContinuingAppropriations Various Desert Fashion Plaza Vision 3,444 3 444 Fund Balance 3,444 0 14 ContinuingA riations Various Ca uilP 'acts ]65,55] 765 55] Fund Balance 250,000 250.000 250,000 15,55] ]fi5,55] 15 Dis stion and Development Agreement Endure lmesimuts Financial Assistance 554000 217,000 RPTTF 22T,000 22]000 16 Dis Eon and Devel mentAgreement Endure Investments Financial Assistance 1400,000 RPTTF 0 17 Owner Participation Agreement VIP Motors Financial Assistance 900000 130448 RPTTF 130448 130448 18 Lease/SubleaseA reement VIP Motors Pro Lease 3960,OW 385000 Lease Income 330000 55,000 55,000 19 Flood Control Trust Fund Various Flood Control Tax Shari AgencyAmount 1300,000 1,30000D RPTTF 1,300.000 1.3o,,000 20 0 21 0 22 0 20 0 24 0 251 1 0 26 0 2] 0 29 0 291 1 1 0 30 0 31 0 32 0 33 0 34 g 35 0 36 D 3] g 0 391 0 40) 0 Totals-This Page 9,353,947 3AW395 549,510 55,480g657m 25g400 1,315,667 1 2,580,884 RPTTF=Redevelopment Property Tax Trual Fund F" MIHF=Low and Moderate Income Housing Fund COACA=Adminisimfive Cast Allowance Name of Redevelopment Agency: Commuri ty Redevelopment Aaeocy of the City of Palm Springs Page 3 of 6 Pages Protect Areals) Merged Pro'ect No.1 INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26-Section 34167 and 34169 oa,Outstanding Debt or Obligation as of June X Total Due During Source of Payments by month jProwl Name/Debt Obligatory Payee Description 2011 Fiscal Year Payment July-Dec Jan Feb Mar April Me Jure Total 5B 211 Pament-Riverside Coun Riverside Coun Tax Shad Pursuant to Section 33607.7 8691 8691 RPTTF 8691 8691SB 241 Pa ent-Ci of Palm S n s Ci of Palm 5 n s Tax Sharin Pursuant to Section 33807.7 g6)85 96]65 RPTTF 96 765 96 765SB 211 Pa ment-Palms rin sUnified ScMol Di Palms nn s Unfiad School District Tax Shad Pursuant to Section 33607,7 8]967 8]957 RPTTF 87957 87957SS211 Pa ment-Colle a of the Desert Colle a of he Desert Tax Sharin Pursuant to Section 33601.7 25009 25 009 RPTTF 25 W9 25 009SB 211 Pa ent-Coun Ofice of Education Coun Office of Education Tax Sharin Pursuant to Section 33607.7 13659 13659 RPTTF 13659 13659SB 211 Pament-Riverside Coun R ional Pa Riverside Coun R bnal Pant Tax Shari Pursuant to Section 3380]7 1.419 1,419 RPTTF 1419 1419SB 211 Pa ment-Riverside Coun Flood Contoll Riverside Coun Flood Control Tax Shari Pursuant to Section 3380).7 3140 3140 RPTTF 3140 3140SB 211 Payment-Cemek District Cemek District Tax Shaun Pursuant to Section 33607.7 86 86 RPTTF 86 86 9 SB 211 Payment-Hos lal District Hos dal District Tax Shari Pursuant to Section 3 07.7 B a61 6,661 RPTTF 6,661 6 661 10 S6 211 Payment-Mosquito Abatement District M uito Abatement District Tax Shad Pursuant to Section 33607.7 422 422 RPTTF 422 422 11 SB 211 Payment-Resource Conservation District Resource Conservelion District Tax St,arga Pursuant to Section 3M07.7 40 40 RPTTF 40 10 12 SB 211 Payment-Coachella Valk Water Distinct Coachella Valley Water District Tax Stunning Pursuant to Section 33607 7 3 3 RPTTF 3 3 131 SB 211 Payment-CVWD Storm Water District CVWD So.Water District Tax Sharing Pursuant to Section 336077 4 4 RPTTF 4 4 14 Contractual-Riverside County Rivefside County Tax Sharing Pursuant to Section 3 101 1,197146 1197146 RPTTF 1197146 1197.146 15 Contactual-Riverside County Defmral Riverside Coun Tax Sharing Pursuant to Section 33401 Deft 530585 tiw,SB5 RPTTF 530595 530585 16 Contractual-PalmSprings Unified Scheel District Palm Springs Unified School Disind Tax Sharing Pursuant to Section 3 1 198055 198055 RPTTT 198055 198.055 L71 Contractual-College of Bre Desert College of ft Desert Tax Sharim Pursuant to Section 33401 58 531 58.531 RPTTF 56,531 %631 18 Contradual-Coun Of.of Education Cofmo,Office of Education Tax Sharing Pursuant to Section 33401 30756 20756 RPTTF 30756 30756 19 Contactual-Riverside Comity Flood Control Riverside County Flood Control Tax Slurred Pursuant to Section 33401 92828 92,828 RPTTF 92828 92,828 20 Contractual Cemetery,District Cemete District Tax Shares Pursuant to Section 33401 4105 4,105 RPTTF 4105 4105 21 Contactual-Mosquito Abatement Dishtl Mosquito Abatement District Tax Sharing Pursuant to Section 33401 38184 38184 RPTTF 38184 WJ84 22 Contractual-Coasts la Valley Water Distract Coachella Valk Water District Tax Strange Pursuant to Section 33401 0 0 RPTTF 1 0 23 Contractual-Desert Water Agency Desert Water Agency Tax Sharing Pursuant to Section 33401 17557 17557 RPTTF 175gr 17557 24 Contractual-Desert Water Agency DS Ovemde Desert Water A enc Tax Sharing Pursuant to Section 33401 225132 225132 RPTTF 225132 225132 251 1 0 Lei 0 27 0 28 0 29 0 30 0 L11 0 32 0 33 0 34 0 0 0 3] 0 � 0 39 0 40 0 ells-This Page 26347W 2634,]35 1,289,974 0 2Q,= 0 0 1,102,072 2,634,7. RPTTF=Redevelopment Property Tax Trust Fund 1-MIHF=Low ant Moderate Income Housing Furd ACA=Administra9ve Cost Allowance Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Sonnas Page of 6 Pages Protest Areas) Merged Proton No.2 INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE outstanding Debt or ObIgation as of June 30, Total Due During Source of Payments b month Pro ed Name/Debi Obli ason Pa ee Deson lion 2011 Fiscal Year Payment Jul-Dec Jan" Feb Mar A nl Mar June Total 1 2004 Tax Allocation Refunding Bonds.Series B Bank of New York Mellon Trust Refinance 1994 Tax Allocation Bonds 14 453,293 1003 384 RP17F 390,628 612,756 612,766 2 2007 Taxable Tax Allocation Bonds Series C Bank of New YO Mellon Trust ProMstyAcquisifion 12407609 848503 RPTTF 325164 523339 523339 3 City Loan and Interest Removed by the Californla Depart OperoUng and Administrative Costs - - RPTTF - 0 - 4 Agreement for Reimbursement Cfty of Palm S 'ns PSL.236 Lease 3400000 122892 RPTTF 110m 12,892 12892 S Agreement for Reimbursement City of Palm Sr sSustainabili Partial P a nt of PSL 236 Lease 1125436 1125436 RPTTF 1125.436 1.125436 6 2004 Convention Center Bonds City of Palm Springs Aen Cantribulion to Convention Center E 69 'M 300000 RPTTF 150000 15Q000 150000 ] Agreement for Reimbursement Removed by the California Department of Firoance RPTTF 0 0 6 Cooperative A reement City of Palms rin s Salaries and Benefits 5540000 214,798 1 ACA 107398 17900 17900 17,900 17990 17900 17.900R20 9 C rativeAgreement CI of PalmSprings Insurance 1]]]60 8888 ACA 4444 2222 2222 10 Cooperative A reement Cityof Palm S rin s Achism."Ift.Charge. 1 509 220 75 461 ACA 37 5% 18,798 18,797 11 Coo fiveA reement Cityof Palms nn s Materials and Supplies 212420 10621 ACA 2701 1,320 1320 1320 1320 1320 1,320 12 Coo trre A reement Cityof Palm s n BuddingRental gli'" 4 500 ACA 4 500 13 Con"atServices-Audit Lance Soll O Lu hard Audi)Services ]]590 3100 ACA id00 1m ]00 14 Contact Services-L al WoodruHS mdlin GeneralL al Counsel 19]900 ]916 ACA 2480 906 906 906 906 906 90615 Contact Services Financial Harrell&Com an Advisors Bond Disclosure and Financial An is 184000 8000 ACA 2000 2,000 2000 2,09016 Contract Services-Other e. .rebate oak Various Various Consuls Services 460000 20000 ACA 4000 4000 4900 4000 40001] Bond Trustee Fees Bank of New York Mellon Trust Trustee Fees 161000 4 520 ACA 43]] 143 1B Pro a Tax Collecson Fees Coun of Riverside SB 255]Fees 1046,000 ]1.000 RPTTF - ]1,000 19 Flood Control Trust Fund Venous Flood Control Tax Shadn A Sac Account 515 000 575,M RPTTF 575,000 20 21 22 23 24 25 26 2] 28 29 30 31 32 33 34 35 38 3] 3B 39 40) Totals-This Page $ 49.317.138.00 4,404,019 1,140,685 2,4 LM9 Ill 26,826 91269 45,145 601126 3.262,916 RPTTF=Redevelopment Pmparly Tax Trust Fund "Includes Bond Debt Service Due in August and September 2012 LMIHF=Low and Moderate Iragme Housing Funtl ACA-Administrative Cost Allowance Name of Redevelopment Agency Community Redevelopment Agency of the City of Palm Springs _ Page orb Pages Project Area(s) Merged Project No,2 INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26-Section U167 and 34169 lotal Outstanding Debt or ONigation as of June 30. Total Due Dung Source of Payments by moon Project Name l Debt Obligation Pa ee Dessd Lion 2011 Fiscal Year Payment Jut-Des Jan Feb Mar A dl May June Total 1 SB 211 Pament-Riverside Counfig Riverside Count, Tax Sharma Pursuant to Section 336073 0 0 RPTTF 0 0 2 SB 211 Payment-City of Palm games Ci of Palm S ri s Tax Shamed Pursuant to Seddon 3360]] 33,470 33,470 RPTTF 33,470 33.470 3 SB 211 Payment-Palm Springs Unified School Di Palm Springs Unified School Dated Tax Slabrinst Pursuant to Section 33607.7 fi 554 6,554 RPTTF 6,554 6.554 41 SB 211 Payment Coll eoflhe Desert Wiens,of 8le Deem Tax Slesne,Pursuant n Section 3360T.7 1871 1871 RPTTF 1871 1.871 5 SB 211 Payment-Cbmay OM.of Educalme Coun Ofice of Education Tax Sleanot,Pursuant to Section 33607.7 1,018 1,018 RPTTF 1,018 11018 8 SB 211 Payment-Riverside County Regional Par Riverside County Regional Park Tax Sharing Pursuant to Section 336077 492 492 RPTTF 492 492 T S6211 Payment-Riverside(3ounly Flood Control Riverside County Flood Control Tax Sharing Pursuant to Scene.336077 0 0 RPTTF 0 0 8 SB 211 Pament-Cemete Disnd Cameta District Tax Sharon Pursuant to Section 33607.7 18D 180 RPTTF 180 180 9 SB 211 Payment-Hospital District Hospital District Tax Shama Pursuant to Section 33607 T 2304 2304 RPFTF 2W4 2,304 10 SO 211 Payment-M ato Abatement District Mosequito Abatement Disnct Tax Sharing Pursuant to Section 33607.7 0 0 RPTTF 0 0 11 SB 211 Payment-Resource Conservation Dated Resource Conservation Dialect Tax Sharing Pursuant to Section 336077 0 0 RPTTF 0 0 12 SB 211 Payment-Coachella Valley Water Ddsnct Coachella Valley Water Dialect Tax Sharing Pursuant to Section 33607] 0 0 RPTTF 0 0 n SS 211 Payment-CVWD Same Water Dialect CMD Storm Water District Tax Sharing Pursuant to Sargon 336077 0 0 RPTTF 0 0 14 Contractual-Riverside County Riverside County Tax Shifted Pursuant to Section 33401 903110 903,110 RPTTF 451,555 451,655 903.110 15 Conbaclual-Palm Springs Unified School Dished Palm Stamps Urefied Scl col Distrdd Tax Shann,Pursuant to Section 3 101 184829 184,829 RPTTF 184,829 184.829 16 Conbactual-College of the Desen College of the Owen Tax Sharing Pursuant to Section 33401 52.756 52 T56 RPTTF 52,793 52,756 17 Contractual-County Office of Education County Office of Education Tax Sharing Pursuant In Section 33401 31,109 31,109 RPTTF 31,109 31,109 18 Contractual-Riverside County Flood Control Riverside County Flood Control Tax Sharing Pursuant to Section 33401 60 T48 60,746 RPTTF 43,812 16,934 60746 191 Contractual-Cometery District Cemetery District Tax Slearied Pursuant to Section 33401 919 919 RPTTF 919 919 2011 Contractual-Mosquito Abatement District Mooted.Abatement District Tax Shared Pursuant to Section 33401 0 0 RPTTF 0 0 21 Contractual-Coachella Valley Water Distrld Coachella Valley Water District Tax Shape Pursoen to Section 33401 29027 29027 RPTTF 29027 29,027 22 Contractual-Desert Water Agency Desert Water Aaessy, Tax Sharing Pursuant to Section 33401 8257 8257 RPTTF 8,257 8257 23 Contractual-Desert Water Age,sy DS Ovende I)esen Water Agency Tax Slamet,Pursuant to Section 33401 102528 102528 RPTTF 102528 1 1 102,528 24 0 25 0 26 0 27 0 28 0 29 0 30 0 31 0 32 0 33 0 34 0 35 0 3_61 0 3T 0 36 D 39 D 40) 0 Totals ThisPage 1,419,1T0 1,419.170 495,367 0 1110,785 1 0 01 813,018 1 1,419,170 NiPTTF=Redevelopment Property Tax Twat Fund �MIHF=Lev.and Moderate Income Housing Fund ACA=Ade druetrative Cost Allowance Name of Redevelopment Agency: Commonly Rod t Agency of the City f Pa.SP.SP.M. Page 6 of 6 Pages Project Areals) Low and Moderate Income Houisn9 Fund Obligations INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE 766FOundanding Debt or Obligation as of June X Total Due During Source of Payments by month Pro act Name/Debt Oblialion Payee Description 2011 Fiscal Year Payment Jul-Dec Jan" Feb Mar April May June Total 1 2001 Housing Tax Allocation Bonds Bank of New York Mellon Trust Refinance 1991 Housing Tax Allocation Bon 5030290 834352 LMHFIRPTTF W8834 M5,518 465,518 2 Housin Pro ads and Programs To Be Determined Restricted Sale Proceeds to be used for Low 1626W 162.6W LMIHF - 162,6W 1626W 3 20%Horesing Sat Aside Removed by that California Detainment of Finance RPTTF - 4 Nightendiale Manor Improvements Lox Mod Houston;Fund Low Mod Homiest Proect 60,000 60000 LMIHF - 60.000 60,000 5 Sunset Palms Apaprbpeenls Low Mod Housandi Fond Low Mod Housing Project 1.500.000 1500,000 LMIHF 1W0000 _61 N lndiaNSan Rafael Proect Low Mod Housing Fund Low Med Needed Protect 4500 4500 LMIHF 469 4,031 4031 ] Coo raOveA reement Cit,of Palms dos Salaries and Berafile 6co000o 232689 ACA 116289 19.400 19.400 19,4W 19400 19.400 19.400 116.400 8 CooseradveAgreement City of PalmSprings Insurance 35660 1783 ACA 892 446 446 892 9 Cooperator,A reement CRY of PalmSpring. Administrative Chain,Oa 1195,800 59.790 ACA 29895 14,948 14.948 29,896 10 Cooperative Agreement City of Palm Springs Materiels and Supplies 152 400 7,620 ACA 2,286 889 889 889 889 889 889 1 5.334 Ill Cooperative Agreement Ci of Palm S ri s Building Rental 20 tro0 1,000 ACA 1 000 U21 Contract Services-Audit Lanni Soil&Lunhard Audit Services 25'Wo 1000 ACA 606 394 394 13 Bond Trustee Fees Bank of New York Mellon Trust Trustee Fees 22,000 2120 ACA 2.120 - - 14 Compact Services -Financial Harrell&Company Advise, Bond Disclesure and Financial Analysis 20000 2,000 ACA - Wo Wit 500 500 2.0W 15 Contract Services-Otlere. .reenlace. Various Various Crappolth,Services 50000 5.000 ACA I'M 1,000 100o 1000 1,000 5000 i6 1] 18 19 20 21 22 23 24 25 26 2] 28 29 30 31 32 33 34 35 36 3] 38) 39 40) Totals-This Page $ 14,278,280.00 2,874,484 M2,022,391 485,807 37.183 22,183 21,]89 36,683 248.4W 852,095 RPTTF=Redevelopment Property Tax Trust Fund "Include.Bond Debt Service Due in August and September 2012 V4MIHF=Low and Moderate Income Housing Fund ACA=Administrative Cost Allowance