HomeMy WebLinkAbout23134 RESOLUTION NO. 23134
A RESOLUTION OF CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS
CAPACITY AS THE SUCCESSOR AGENCY TO THE PALM
SPRINGS COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE APPROVAL AND TRANSMITTAL OF
A RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE
(ROPS) PURSUANT TO AB X1 26.
WHEREAS, the City Council of the City of Palm Springs ("Council') and
the Agency Board of the Palm Springs Community Redevelopment Agency
("Agency") approved and adopted the Amended and Restated Redevelopment
Plans for the Merged Project Areas No. 1 and No. 2 ('Redevelopment Plan")
covering properties within the Agency (the "Project Areas"); and
WHEREAS, since the dates of adoption of the Redevelopment Plan, the
Agency undertook 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, as part of the 2011-12 State budget bill, the California
Legislature enacted and the Governor signed AB X1 26, requiring that each
redevelopment agency be dissolved unless the community that created it enacts a
resolution committing it to making certain payments; and
WHEREAS, on December 29, 2011, the California Supreme Court upheld
AB X1 26, which dissolves all of the redevelopment agencies in the State of
California, and struck down AB1X 27; and
WHEREAS, as part of this wind-down process, all redevelopment
agencies are required to file a schedule of "enforceable obligations" that require
payments to be made through the end of the calendar year 2011; and
WHEREAS, Health and Safety Code Section 34169(h), which is set forth
in Part 1.8, requires a redevelopment agency to prepare a preliminary draft of an
Initial Recognized Obligation Payment Schedule, which must list the minimum
amounts that must be paid by the successor agency over a six (6) month period to
fulfill its enforceable obligations during that period, with the first schedule covering
the period from January 1, 2012 to June 30, 2012; and
WHEREAS, at a meeting of January 4, 2012, the City of Palm Springs
took action to designate itself as the Successor Agency and the Housing Successor
Agency to the Community Redevelopment Agency, as provided in California Health
and Safety Code §§ 34173 and 34176; and
Resolution No.23134
Page 2
WHEREAS, the City as Successor Agency finalized the IROPS and
presented it to the Oversight Board for approval on April 3, 2012, and submitted for
approval by the California Department of Finance and County Auditor-Controller
prior to April 15, 2012; and
WHEREAS, the ROPS for July 1, 2012 through December 31, 2012 must
be submitted to the same agencies prior to May 11, 2012, with approval of the
Oversight Board.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm
Springs, acting solely in its capacity as the Successor Agency of the Community
Redevelopment Agency of the City of Palm Springs, does resolve as follows:
Section 1. The Recitals set forth above are true and correct and
incorporated herein by reference.
Section 2. The Recognized Obligation Payment Schedule, attached
hereto and incorporated herein by reference as "Exhibit A", is hereby adopted,
subject to all reservations of rights and contingencies set forth above, providing that
staff may alter the format, but not the content, of the Schedule as necessary.
Section 3. The City Manager or designee is authorized to take all
actions necessary to implement this Resolution, including without limitation, the
posting of this Resolution and the Recognized Obligation Payment Schedule on the
Successor Agency's website, and the provision of notice of adoption of this
Resolution and such Schedule to the County Auditor-Controller, the State Controller
and the State Department of Finance.
PASSED, APPROVED, AND ADOPTED at a regular adjourned meeting of the
Community Redevelopment Agency of the City of Palm Springs, California, on this
2ND day of May, 2012.
David H. Ready, an er
ATTEST:
ames Thompson, City Clerk
Resolution No.23134
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, James Thompson, City Clerk of the City of Palm Springs, California, hereby certify
that Resolution No. 23134 was adopted by the Palm Springs City Council at a regular
meeting held on May 2, 2012, and that the same was adopted by the following vote:
AYES: Councilmember Hutcheson, Councilmember Lewin, Councilmember Mills,
Mayor Pro Tem Foat, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, City Clerk
City of Palm Springs, California esf zll zo/z
slue 01 Re0evebpm6nt Agmcy'. CIS Palm Spd..d lc So..-Ao-to Me Ciddr y RAcF,dldp..nt Aoencv of Na iodir xt Ford Scraps FORMA-ReOeNoprnenl Prepet,Tax Trust Fold ARM)Page I
Rgecl Neab) Merged Proecl No.l and Meroetl Praeq No 2
RECOGNIZED OBLIGATION PAYMENT SCHEOULE
Par AS 26-Sectiw N1]](')
PaYaWe head Me Relentlessness Property Tea at Fund(RPM)
Con-trApmement Total We DUMO Pa menbE oo
. i Trial mts
Pr Name/Until Otl afion FxecuOm Onto Pa Description Fd N onear Debt or Ob�abon 012-I013"Year Forcing Jul 2012 Au 2012 Se t012 Old 2012 N.2012 Oec 2012 Torsi
12W4 Tax Abandon RefundingBantls Sales wWlQ 0d Bank al New Yak Mal.True RMppres phs I.NbcaOon Baq¢ Mxed1 E
980.25 10612].50 RPTIM $
220D]Tax Murdered Bonds S.edA 9118(�OpT Bank of New Yodr M&Ion True Celvl Pr'xu Merged 38].52 al9.n5 SO RPM0 S
3200]Inian Tax Mficedon Bonds Sere;B 9/18SNT Bank of Ned Yak Melt Trueq YisiX. 1 56].)1 11] 10 RPTFFI $
d 9EFAF Leans fignVi 'S All Pats shou9n Su Lowe M FY 20OW10 and 010111 SEW Filling. MO 1 8.00 10520c0.00 RPTTF 1053000.00 1d.All.do
S Loan M11908 pop SpillHws Su¢e Imsto Mm ed Fa INo.I Mwed1393W 30095.52 RPM 30095.52 N1.09552
6 housing Cwerul Rea ant H85 Code PelmStore,H 9 RN9869M Avide OeMnl 1 609W OCO RPTTf $
] 2WIConvenr.Cellar roods eBrzcO]CX of Pon-Air nc LonMbuUonbC.venU.GediEa liered1 DSOD 1 300 000 00 RFTTF 650 PSI 65000.W
B mall for Reimbursamanl 10/16/1991 Olt,01 Pill S Nns We..,,a,Fund su 13100 4383/000 RPTTF 43/131000 8 43031000
9 Contract Servime-Fnanwl 9(22/2010 Harrell B Can n And. 1 Bootle addhou a Rbtin Merged I N S C)SI Fitt 1"100 f0 Gonad Servims Rebels Cadillac- 6/dOurON910an Flnmciil SuPided Mw etll Bootle Rabab LOnaulUn Servicss Me w1000 250.0 RPM 250.0 $ 250000
11 Bontl irustae Fees U n Isuance Bank rl New YM Mdl.True 1BrnM I..Fws 10.DO ]50.0 Fil 500.00 $ 500.did
12U 6.andOde m menu llb5i Endure lnvWm.b Flnandal Acgslanca RemedMor Mered1000 2]]00000 RPM $13 Di asbrn and Develo ment reemont 121N1o05 Endure lnvMs enM FinancialA once 10 Year Mr edt 0.0 11000.0 RPTTF lxAno 00 $ 14000000
id O+mw PaNaatimAnelli 1/19rz000 VIPM.. plunged Asdslance ed1 55R0 1000000 RPTTF
15 PagOC Hm ilalit Jutl menu Pacific Nrs tell) Jud menu a¢Determined to Court Merged I TBD T00 RPTTF $
_161 2004 Tax Allocation Redhorichrin Bonds Series B 6/16R04 Tood Riddance 1994 Tax Proration Bonds Ma di 2 1445329321 613,75616 RPTTF 1 E
] 2M]iau6la iax Mlocercn Bonds 9enasC 9/184201Tnd property AcquisNon Merged 2 12407609.41 521072.56 RPTTFI I
18 A raemenl lm fteimbursemenl 196Q060i 1PelmS Nn s PSI-238 Lease therchat2 SEMI W 122892.0 RPM 12213 do 1228920
1912004 Conver.Can.Bands .1m]C dPBlm ConbNuron to Convention C.Ur NAMI2 6W0000 XD00.00 RPTTF I50'1 lo"'Cu 0
_201 A raemenl MR...'around SR211993 Cltv d Plain 9 runs Wastwreler Fund Menced2 420M,00 424000.0 ISM 4240000 $ 424000.00
21 CcnVeg9ervkea mF angel giriM010 FooddlCorripme,niffifical Mani 28.d5 Soldiers.fidation Marge,12 11SMOD 5,00.0 RPTTF $
23 Contract Swv.-ftebae Cakuetion 6/4n010 Wll FlnanWl Servitas Marged 2 Bonds Rebate Conedithl Earlier Mordall2 3750.00 2.50.0 RPM 2,5000 $ 25C0.0
230ond Truslea Foas Urn lasuence Bank of New York Main Tlua Merged 2 Bonds Trvsee Fee Marwt! 110000g Sitting.0 RPRF 250.W $ 250000
20 2001 Hourino Tax NKKarm Bonds ]p1201 Sank d NI Yak Mission True Reflwee 1991 Howard Tax MIwS.B.dS sudgediddrandid 5030290.06 46I217,50 RPLTFI
25 C.Vap9ervidea-Fnanciel -11-to Hin-a-Canal Advisors HWain Bonds Dledi MaOn edlAleed 1500000 10000 RPME
26 Conbad SM"-d RMde Cekulalion WQ010 Wibdan Financed 8erviws Hwa m Sde Reba - Swte Cm$uNcw ert 500.0 00 RIM $
3] an w Band Induce Fe ksu.re Bank of Nex York Mallon True Housing Bands Inatome Fear learroadrAlsold 22500.0 250000 RPM 250000 $ 2.50.0
28 ConVOd Sands. Audit dodur OI. Firl A'-whorm Pudl Servkes MAMPHIMeng. 362.000.00 I800.0 Ifil 500.0 500000 t0o0.0
29 CnVad Servers, L d 1/12205 Wo.ru89radlin Gerald L al Cwrad ed1AMr. TOO Y,100.0 RPTTF 250000 250.0 2500W 250000 250000 350000 $ 150000
0 C.Vacl Services Fancial ]/16Ye00 Martell A Coman Adisas SOPS and ROM Crnsure Meed11Na . 120000 600.00 RPM 5000 doul 50W 50.W 500.00L
$ 30000
1 $
32 $
Tools Ind Pace(RPTTF Funding Pape ll I28884 d68.15 ]692]89M WA 19Nd05.52 14550.0 05fil 300.0 C926892 3051291iobs-Pa9e 2(RPITF Funding Page 3) 361 t150 15882900 WA 16 CB.O 2210.50 13020.50 13020.50 $ 65511.0Tobls-Page 3l0Ner FuntlinB) 30.00 BBOOO.W WA 55000 5000.0 55WU.0 550000 330000.00
Tdels-Pa0e 4(AdminiaraAve twl gllowence) 500.'tl0 2083333 20 B]3.3J 20833.33 125000.00
Idea-Pape 5(Pass Tnv Paymenb) WqGrand blal-NI Pa a 13805593158]B1 d1240 20]d4]8] 32355].89 3 I0]5383 9105183 $ J5]4809.02
The Pbllninary OrMfteropnlzetl Obllpatl.Paymenl9UeduN CROPS)NWbcanplebd by]H/2012 py Me suceeeaw epmry,aM euMpuerNy be epwnow W this waragM boats W ."Mon!RODSb MSrMMMg.Me SMb C.bollw.d SbbO epammrtl NFbance Ey gpd119,2012.It Is and a requirement that Me Agreed Upon
Procedures uMlbcg N pages u M Me final OvwalpM Approved ROP9b the sh Comlw and
State
nOpm.lof Flnence.
-ANrt dueduring Raoul year
and W manWift an profedatl.
" N"Worceba swmosswMrc:(For fiscal O11d2. references to RPM cwW Mao moan u Icnmonl allocated b Ma Agency proton to Friedman,t,2012.) ID WII and Seplembw 2012 Oet Bervice Nready ran Depasl xiM imstee
"TIP Propply TrustFund Saa.O.dprmnM OMp.nsenx,rmb,Mmlmetc
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&M Maderab ndogs,NWWor
FYM gdmb.SYtCaaaW AndsheNlMnlebative Nlrwanca
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a Name 0l geEBvelapmenl Agency'. City 01 Palm Aromas o"ucceseor Agency b the Community Redevelopment Many of Me Cry of Palm Sponge FORMA-Redevelopment PropaM Tad Trust Fund(RPTTF)Page 2
F'.ot Alwls) Merced Pttlect No.t And Merged PrOKI No.2
RECOGNORO 0RLIGAT10N PAYMENT SCNEOUtE
Per AB 26-Section At]T I')
Repde hmm the Redwebpmenl PrapaM Tad Trust Fund(RPTTF)
LanVxVAOreemvl e _ Pa enkE manM
Fal Year
Pr ed Nema/De01 C01i out, EyA monOat. Paee Oesompbon Pbw1Ame Oeblm Ode TmN Due Ounn9 on 20122013r' Source July 2012 Ang 2012 SB12012 WN12 Nov 2012 Oec2012 Total
1 Coo eroUyaA reemanl 1/16201I or of Palms nn s Uablity Insuance Me .ldve ed2 44565.00 89))00 RPTTF 4d66.50 $ 6066.•
2 Co.emum amen, 11162011 Car of Palms nn a Budd. Rental .l. . 25.. 1501g.W RPTTF 7500.00 IP 150f1
3C amolmA mpnenl 1/two11 Crty a1 Palm S T Salanes and lenafib AOwe ACA 6krw1l6bratl2 1332300E 26646.0E RPTTF 222050 222050 222050 2220.50 2220.50 2220.5E ly 13323.!
a C-..S.I.-Consul, 11142o09 Can C--tgll Con,.Ibn Do..Gnaultin Merged 10800000 1000W.00 RPTTF 10 TOO-00 Maw(d 10.0.00 1000000 $ J120.[
5 RPTTF $
6 R F
2 RPTTF S
6 RPTTF $
9
RPTTF
10 RPTTF $
11 RPTTF $
12 RFTTF $
13 qpTTF $
14 RPTTF E
15 RPTTF
16 RMI,
iT flp$pp $
10 RpTTF
19 RPTTF $
0 RPTTF
21 RPTTF $
22 RPTTF
23 RPTTF
24 RPTTF
RPTTF
fi PRIMP $
2T RPTTF $
25 RPTTF if if
29 RPTTF
30 RPTTF
31 RPTTF
32 $
Tools-Th¢Page(PPTTF Funding Pape 2) 361115.00 158623.04) WA 140.00 1 2220.W 130205E If 13020.50 13020.50 13020.5E 63511E
Thor Prallminary DreX Rend lied OWW..Payment Schedule(ROPS)Is m W compleletl by M0012 Ey tlm successor d0anry,am aubas0uently be apprwad by Me eveTOhl board before Me Feel ROPS Is wbrugm btlw Stale Controller and Stab Days.Are.FinancebyAp0115,2012.X R.AlamnemormulXalthe AOreed Upon
Pr Adgatuw More Eecampal year and Paymntamounts
ou prompt Approvetl ROPS to Ma$la4ContrallaraM$44OspaMprN olFMxr[s.
Fumob des WXrgflutlYenanduddly dIwfia are pil-l2m.
^'71F-payedowt" rywGcesearust Fun(Fnflna12011-12 any,relarenceabRPTTFcWld db0 meen - Ineaa eactalloealed4Ma Apancy prin4Fabrvdry1,2012J
.gHF-RedevebpmaMPrg..I Trust Sands-slocat or Age OPer-rcwrvn,renb.lnbmlaaminOL etc
WINF�Luw antl YOdarNe.coma Nnmin Fund Mmin-$accesses n 1]minlstraWe Allowance
0
Q
NBma of P.-WOpmenl A,mer,: CRY M Palm Undies aa5urocanor Agency to Me Community Redevelopment Pgency ed me City of Palm EMMW FORM B-All Reienue Sources Other Than Radresdopment Proton,Tar Twat Fund fRPTTFI
Project amem) MameO Proied No t and MemeE Rend No
DRAFT RECOBNRFO OBLIGATION PAYMENT SCHEDULE
Pr AN 26-Sec0An 34117 V)
Total
We Du-9 Payable from Other Revmbe Sources
Conbacl/Pggeneve Pe rrenNb rtonth
Proed li anonre Name/Debt OE EuNon Debt Pa ee Oemripon Pro u15b Total On0ing Fecal Year
1 PoF 3 FUMin Swrq^• Jul 30t2 20ll 6e 12012 Od 2013 NW 2013 Dec 3012 Total
I LeasaSubWse mml I/10200p VIP Wlors Pr Lease Slowed I ]BBO DBO.CO 55000OW Lease lnwme 5500000 550W 00 5500000 55000.00 550.b.00 58000.W f ]30000.00
2
3
a y
6
6 y
2
0 g
0
10
11 y
3
13 y
14
5
1 y
1]
13 y
10 E
20 y
21 y
23 y
2] 3
24 y
2s
26 y
27
20 y
20
]0
]1
33
3] y
Told :LMIHFif 0,00
Tomis-EOnll Rogells .00
Tomis-OMr 3050000.00 I S 5600[ONO 55000A0 5500000 SS W0.00 SS OCO.W 55 WOW SSOW.00 3300ONS
Grand total-Dr. 39W WO.Op BW 00000 y500000 55000.00 550W.00 550W.W 55 W0.00 580W.W 330000.00
The PMInYnary MM Rec"nbs0 Odgatlan Payment SchaWle(ROPE)Is to be cmwPI JbyMUNW2 by the successor blarney,and subsequently be mproyeJ LV Ibeavamlphl bosrE before Me final ROPS Is eubmMeE W LM State Cont and SUM Department of Needle.by ANN 16,2012.Nla not a reWimmml Met We
Agrand UP"
Prac Wd AMR be completad before suMNNlnp Me final Overnight Approved ROPE to Me SMte Comandler And Stale Oepammnt of Finance.
••All MMI due dend,fiscal yer and payment amWMe Me pla)ecMd.
^'Pushed aWrtas Nam the nuccnbragmcy:(Fppecal2011A3 Andy,rottenem t0 MATTF could also man to IMrament ellocaMd to Me Agency AR b February 1.2012.)
RPTTP.pedavNOpmenl Probe, Tao Tmal Fund Sende-Bpnd pmceeM glrar-Meelma.nnb,IMeMt eaWnge eM
LMMF-Lowand Modertla lnmma NouNn Fund Admen-San c Adminlebative Allowance
Q
fsal
0
Name of Rededevelopment Apeno, CIyouf Palms ish;SSSuccessor Agency to the Commonly Redevelopment Wary arms City&Palm SOWS FORM C-AdminlahHlve Cost Allowance Paid Will Radwelopmant Propery,Tan Trust Fund(RPTTF)
P,.Ama(s) Me,ed Protect No l ant Maned Project No
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section M1 TT P)
Cha
PmMName/Oe&OBIi aBan Trial Due
Payable from the AtPminlshat lve Allow nce Allocation
de2031year e entsb mnM
p Description ProeclAea �ONBon 1201J" Source A
JOY 2012 2012 1 Sari I Oct 20121 Nov 2012 1 Dec 2012 1 Total
I AdminSbanvo Cost Alowarro City of Pa.S'dix, Overhaul Coat Alli, aMmo Martian 1/Mar 3 5.500.000.00 2500WW RPTTF 20833.35 20 DO 33 20833.33 20833.33 20033.33 20833,33 E 12500.W
2
J
a g
5
6 E
2 g
B s
g E
10
11 E
12
13
14
15
16
1)
10
IS
20
21 g
u
23
24
25
26
27
20
Totsls-TMeP a 5500000.00 E 2500041.00 It 20833.35 ji 20833.33 1 20833.33 It 20833.33 S 2083].3] S 7!1
TM1e Preliminary Draft Racopnow Obll,"ter Payment Schedule(ROPE)le W be completed by 31IM012 by the successor agency,and subaapwmy b r approvM by the ovaslghe board before lM BMI ROPE Is eubmlNel to the Stale Controller and State De
APrll 15.2012.It Is not a fpulre rent that the Agreed Upon Prmadww Audit be completed before Submitting the flnn Ovanlght Apploval POPS 101M State Controller ant State Depro ment&Finance.
"All fatal duo turn,Decal year ant Payment amounts us pgecte,
^'Fi nu lr,swrces hood the successor peftcy:(For Recall only,ref hermes to RPTTF could also mean Iw handmaid allocated to Me Agency pror to Febfuery 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond Proceed$ OIMr-feeeres,rents,Interest earnings,etc
LMIHF-Low and Modare.Income Model,Fund Morin-5ucceae ,Ageney Adminitllatlw Allavems
""-Admlel611etive Co.Allowanou .am,5%of Form A"*nth totals In 2011-12 and J%of Farm A6inM(h totals In 2012-I3.The caku4Uon Should rot factor In ethr0 h payments Id for with RPTTF In Form O.
0
Far
Name of Redevelopment Agerwy Cityof Palm Spnmis as Successor Agemy M Me Community Radevelopment Agency M the Ceyof Palm Springs FORM D-Pass-Through Payments
PmjectAms(s) Manned Proect No.1 a Memel Project No.2
OTHER OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section U172(•)
FOee Through and Other Payments••••
Total Due During Payment b mount
Total Outstanding Fiscal Year Source of
P ect Name/Debt Obf a0m Payee Deecoption ProJectAma Debt or Obligation 2012-2013" Fund" Jul,2012 A 2012 Sam W12 Oct 2012 Nov 2012 Dec 2012 Total
UPPa�� bObli awns Will be Padb Me Coun AWdor Controller Directl not lire SuccessorA anc $
$
$
$
$
$
$
12
J
14
15 $
$
It
1 It
$
Trials-Other Obligations $ Is if $ $
' The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to ha completed by 3mn012 by the successor agency,and subssprent"approved by the oversight board before the final ROPS is submitted to the State Controller and State Department of Finance by
Apd115,2012. his not a mr uirem andrat the Agreed Upon Procedures Audit be completed berore submfting She And Ovenight Approvstl ROPS to the Stan Controller and State Department of Finance.
"All foul due during t ecal year and payment amounts are projected.
•'•Funding alums from the successor agency:(For fiscal 2011-12 only,relerencea to RPTTF could also mean Her locnmant allocated W the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,Interest sar Bugs,etc
LMIHF-Low and Motlerele Income Housing Fund Admin-Successor Agency AdminiatntNe Allowance
•••'-Only the January through Jura 2012 ROPS should Include expandilures far pass-through payments.StaNnp win tat July nrough December 2012 ROPS,per NBC moll 34183(a)(1),the county auditor controller will make the required parmAhrough payments prior to
transferring andency Into the auccea., c s Redwn,a M OWjaUom Retirement Fund for fame Island In an werslight board Vp..d ROPS.
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