HomeMy WebLinkAbout23097 RESOLUTION NO. 23097
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS CALIFORNIA, ACTING SOLELY IN ITS
CAPACITY IN ITS CAPACITY AS SUCCESSOR AGENCY
TO THE PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY AUTHORIZING THE
APPROVAL AND TRANSMITTAL OF AN ENFORCEABLE
OBLIGATIONS PAYMENT SCHEDULE (EOPS) AND A
DRAFT PRELIMINARY RECOGNIZED OBLIGATIONS
PAYMENT SCHEDULE (IROPS) PURSUANT TO AB 1X 26.
WHEREAS, the City Council of the City of Palm Springs ("Council") and
the Agency Board of the Palm Springs Community Redevelopment Agency
("Agency") approved and adopted the Amended and Restated Redevelopment
Plans for the Merged Project Areas No. 1 and No. 2 ("Redevelopment Plan")
covering properties within the Agency (the "Project Areas"); and
WHEREAS, the Agency is engaged in activities to execute and implement
the Redevelopment Plan pursuant to the provisions of the California Community
Redevelopment Law (Health and Safety Code § 33000, et seq.) ("CRL"); and
WHEREAS, since the dates of adoption of the Redevelopment Plan, the
Agency has undertaken redevelopment projects in the Project Area to eliminate
blight, to improve public facilities and infrastructure, to renovate and construct
affordable housing, and to enter into partnerships with private industries to create
jobs and expand the local economy; and
WHEREAS, over the next few years, the Agency had hoped to implement a
variety of redevelopment projects and programs to continue to eliminate and prevent
blight, stimulate and expand the Project Area's economic growth, create and develop
local job opportunities, and alleviate deficiencies in public infrastructure, to name a
few; and
WHEREAS, as part of the 2011-12 State budget bill, the California
Legislature has recently enacted and the Governor has signed, companion bills AB
1X 26 and AB 1X 27, requiring that each redevelopment agency be dissolved unless
the community that created it enacts a resolution committing it to making certain
payments; and
WHEREAS, specifically, AB 1X 26 prohibits agencies from taking
numerous actions, effective immediately and purportedly retroactively, and
Resolution No. 23097
Page 2
additionally provides that agencies were deemed to be dissolved and, additionally,
AB 1X 26 also requires all Agencies to wind-down their affairs unless the Agencies
were extended through compliance with the requirements of AB 1X 27; and
WHEREAS, on December 29, 2011, the California Supreme Court upheld
AB1X 26, which dissolves all of the redevelopment agencies in the State of
California, and struck down AB1X 27; and
WHEREAS, as part of this wind-down process, all redevelopment
agencies are required to file a schedule of "enforceable obligations" that require
payments to be made through the end of the Fiscal Year 2011-2012; and
WHEREAS, pursuant to AB 1X 26 (Health and Safety Code Section
34169(h)), the Agency established the foregoing Enforceable Obligation Payment
Schedule (the "Schedule") to be able to continue eligible redevelopment activities
that were begun prior to the effective date of AB 1X 26; and
WHEREAS, Health and Safety Code Section 34169(h), which is set forth
in Part 1.8, requires a redevelopment agency to prepare a preliminary draft of an
Initial Recognized Obligation Payment Schedule, which must list the minimum
amounts that must be paid by the successor agency over a six (6) month period to
fulfill its enforceable obligations during that period, with the first schedule covering
the period from January 1, 2012 to June 30, 2012; and
WHEREAS, at a meeting of January 4, 2012, the City of Palm Springs
took action to designate itself as the Successor Agency and the Housing Successor
Agency to the Community Redevelopment Agency, as provided in California Health
and Safety Code §§ 34173 and 34176; and
WHEREAS, the City reserves the right to appeal any determination of the
California Director of Finance or other entity regarding the propriety of this resolution
as well as any future determinations; and
WHEREAS, while the City currently intends to comply with the state-
mandated obligations established hereunder; and
WHEREAS, all other legal prerequisites to the adoption of this resolution
have occurred.
Resolution No. 23097
Page 3
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm
Springs acting solely in its capacity as Successor Agency of the Palm Springs
Community Redevelopment Agency resolves:
Section 1. The Recitals set forth above are true and correct and incorporated
herein by reference.
Section 2. The Enforceable Obligation Payment Schedule, attached hereto
and incorporated herein by reference as "Exhibit A", is hereby adopted, subject to all
reservations of rights and contingencies set forth above, providing that staff may
alter the format, but not the content, of the Schedule as necessary.
Section 3. The Preliminary Initial Recognized Obligation Payment Schedule,
attached hereto and incorporated herein by reference as "Exhibit A", is hereby
adopted, subject to all reservations of rights and contingencies set forth above,
providing that staff may alter the format, but not the content, of the Schedule as
necessary.
Section 4. The 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 Enforceable Obligation Payment Schedule and the
Preliminary Initial Recognized Obligation Payment Schedule on the City's website,
and the provision of notice of adoption of this Resolution and such Schedule to the
Successor Agency, the County Auditor-Controller, the State Controller and the State
Department of Finance.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council
of the City of Palm Springs, California, acting solely in its capacity as Successor
Agency of the Palm Springs Community Redevelopment Agency, on this 15th day of
February, 2012.
David H. Rea4rl,ity Manager
ATTEST:
ames Thompson, City Clerk
Resolution No. 23097
Page 4
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS ACTING SOLELY AS SUCCESSOR AGENCY TO THE
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 23097 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 February 15, 2012, by the
following vote:
AYES: Councilmember Hutcheson, Councilmember Lewin, Councilmember Mills,
Mayor Pro Tern Foat, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
Thompson, City Clerko2�;imes
ity of Palm Springs, California
Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Springs Page i of 6 Pages
Project Areas) Merged P.act No.1
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and 34169
Toud Outsandiny
Debt or Obligation
as of Jura 30, Total Due During Source of Payments by mgnth
Pumed Name/Debt Obli aeon Pa ee Description 2011 Fi.1 Year^ Payment r July Dec Jan' Fee Mar Aril May June Total M
x
1 2004 Tax Allocation Refunding Beres Series Bank M New Yak Mellon Treat Refinance 1994 Tax Allocation Bonds 24470886 1947267 RPTTF 824564 1122703 1.122103 :y
2 2007 Tax Allocation Boras Sane.A Bank of New York Mellon Trust Ca ita1P 'acts 23960388 928838 RPTTF 309613 619225 619225
3 2007 Taxable Tax Allooa en Bonds Series B Bank al New York Mellon Trust Pro Acquisition 3,854,458 175941 RPTTF 511647 117,294 117,294
4 SERAF Loans Low Mod House Fund Loans for FY 2009/l 0 and 201 Oil 1 SERAF P 5069848 RPTTF 0 re
5 CI Loan and Interest C' of Palms dos tm and AdpinlsBaOve Costs 1653913 1553913 RPTTF - 1553913 1553913
9 Loan Loa Mod House Fun can to Merged Pre No.1 148 632 74316 RPTTF 74,316 74,316 D
7 Housln Deferral Re ment Low Mod HousingFun Pre-1986 Set Aside Deferral 1532669 RPTTF 0
B 2004 Convention Center Bons C' of PalmSeen, A Contibueon a Convention Center 2990000() 13000D0 RPTTF 650000 651)000 650000
9 Agreement for Reimbursement Ci of Palms dos Wastewater Fun 438310 438310 RPT7Y 14473 423837 438310
10 Coo mbveA reemant C' of Pat.S d s Seams an Benefits 461Y)," 214799 ACA 107399 17900 17900 17900 17900 17900 17900 10740q
11 CooperativeAgreement Cityof Palms n s Insuremat 101300 9065 ACA 4533 2266 2266 4532
12 Coo rativeA reemant CB of Palms n s Administrative Chances 31452p0 157260 ACA 78630 39315 J9315 78630
t3 C retiveAgreement Citya Palm S tl s Materiels an Supplies 336440 16822 ACA 5768 1844 1844 1844 1844 1844 1844 11064
14 Coo rativ.A reemant Citya Pa. dStakes BuildingRental 210000 10500 ACA 10500 0
15 Convect Services-Audit lance ShcBLu hak Audit Services 172500 6,900 ACA 4400 1000 1500 2500
16 Contract Services-Le al WoodrufS molin GeneralL al Counsel 1244600 49784 ACA 15281 5750 5750 5750 5750 5750 5753 34503
17 Conned Services-L al Best Best B Kral er Redeve nt5 al Counsel 14402 14402 ACA 14402 0
18 Contract Services -Ccrsultin Terra Nova Consulti ConsultingServices 3053 3053 ACA 3053 0
19 Contract Services-Consult Canyon Commercial Consulting Downtown Consultin 144000 144000 Fun Balance 54000 15000 15000 15.000 15000 1500D 15,000 90000
20 Contract Servkes-Consultin Keyser Marston Financial Analysis Services 11640 11840 Fund Balance 11640 0
21 Contract Services-Financial Harrill&Com n Advisors Bond Disclosure and Financial Analsis 230000 10000 ACA '2500 2W0 2500 2500 10000
22 20110 PO-Audit Lance Soll&L hard Audit Servkes 1530 1530 Fun Balance 1530 0
23 2011 O an PO-Financial Harrell&Cora an Advisors Bond Disclosure and Financial Ane Is 8 657 11657 ACA 8 657 6 657
24 P Tax County of Riverside P Tax on Acquired!Property 8" 8000 RP717 8000 8000
25 Contract Services-Other a. .rebate oalc Various Various Consulting,Services 1387797 60339 ACA 339 10000 10000 10000 10000 10000 10 00 60000
28 P Tax Collection Fees Cou of Reversed, SB 2557 Fees 2977,000 11450D RPT-F 116500 114500
27 Bond Trustee Fees Bank of New York Mellon Trust Trustee Fees 161,M 8380 ACA 6360 0
28 Contract Services-Consulting Kayser Marston Consulting Servkes-Pacific Hospitality 25243 25243 RP F 0 25243 25243
29 Pacific Hospitably,Jed pent Pacific Hospitality J rit me as Dearminetl b Goud - To b i Determined To be Determined RPTTF 0 0
30 Contract Swims-Financial Harrell&Cora n Advisors EOPS an ROPS Consult 8538 8538 ACA 0 6538 8538
0
Totals-This Page 105796004 7n5977 2160649 4 228102 134013 5404 175494 92075 551150 5135328
Tools-Page 2 9 353 9671 3180 395 549,510 55,480 51,199 657,848 250,4031 250 400 1,315,557 2,580,884
Totals-Page 3 1 2,634,7351 T 634 735 01 1 289 g74 1 0 242,689 0 0 1,102,072 2,634,735
Tools-Page 0 50 540 760 5358 206 1 140 688 2 988 738 48146 26,826 97,269 45 145 1,011,126 4,217,107
Totals-Pages 1419170 1H81]0 0 195367 0 110785 0 0 813018 1 419 170
Toals-Page 6
Grand tguL AIIP es 185844004 243Bd 089 5873Mil 1 11U64568 270541 1 1174,825 544952 424303 5041373 18460419
RPTTF=Redevelopment Property Tax Treat Fun
LMIHF=Low and Moderate Income Housing Fund "Includes Ban Debt Service Due in August and September 2012
ACA=Adminlabafve Cost Allowance
W
Name of Redevelopment Agency Community Redevelopment Agency of 91e City of Palm Springs Page 2 of 6 Pages -
Project Areas) Merged Project No.1
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26.Section 34167 and 34169
Totalu an ng
Debt or Obligation
asof June,W, Total Due During Source of Ptlynanbiov.omb
Proeet Name l Dabt wrench Pa ea Description 2011 Fiscal Year Payment Jul-Dec Jun Feb Mar Aril Ma June NO
1 20110 nPO-Animal Shelter Allen F Smoot&Associates Animal Shelter Construction 32856 32856 Bond Proceeds 32855
2 20110 nPO-Animal Sheller SwatVMeim Amhaeots Animal Shari Construction 15479 15479 Bond Proceed. 154T9
320110 nP0-Animal Shelter Penh Reprographics Animal Shatter Construction Bond Proceeds 4 2011 0 n PO-Animal Sheller I ersoll Rand Securit Animal Sheller Cons6uction25 934 25 934 Bond Proceeds 25 9345 2011Oen P0-Animal Shelter West Test Communications Animal Shelter Ph..S,etem 9027 9027 Bond Proceeds 902]
6 2011 Open PO-Animal Shelter Moore lacofano Goltsman Downtown Desi n Bond Proceeds 0
] 2011 Open PO-Animal Shelter Schroer M Co Animal Sheffer Kenrrels aM Intake Ca s t]819 1]fi19 Bond Proceeds 1]619 0
6 2011Oen P0-Animal Shelter Lake State Industries Animal Shelter Canes 4469 4468 Bond Proceeds 4469 0
it
9 Grounds
dOften PO-Constmc8on Rick En ineedn S Palm Can n Wideni 5,198 5,198 Fund Balance 6.198 0
10 Grountls Maintenance Various radon INAcquired Pro 160 W0 8000 RPTTF 6000 4W 400 4W 4W 400 2000
11 Continuin A ro de8ors Various Animal Shelter Construction(Bond Proceeds 98,915 98,915 Bond Procaetls 98 835 60 80
12 Commui Appropriations Various COD Master Plan 101 d49 101 449 Fund Balance 6W 50]99 WOW 100]89
13 Conlinuin Appropriations Various Desert Fashion Plaza Vision 3444 3444 Fund Balance 3444 0
14 Conlinuin A ro rations Various Ca ital Proaxots 765557 76555] Fund Balance 250 NO 250000 260000 15557 765557
15 Disposition and Development reement EnurelnvespventaJIFmami"alMsisW.- M4000isance 554000 277WO RPTTF 227000 22]0W
16 Dis os0on and Develo ment reement Entlure Investmentsistance 1400 WO RPTTF 0
1] Ovmer Partin tbnA reament VIP Motorsistance 9W OW 130448 RPTTF 1W448 13040
LeaselSu11m ream-- VIP Motorse 39600W 385 WO Lease,lnwme 3300W 55 WO 550W
rol TrustFund VarousTax Shariu A e Account 13W000 13W WO RPTTF 1300000 13000W
20 0
12W 0
22 0
23 0
24 0
25 0
26 0
2] 0
28 0
29 0
wj 0
31 0
2 0
33 0
0
L51 0
36 0
3] 0
3e a
39 0
40) 0
Totals-This Page 9,363947 3180,395 M.", 55,480 51,199 1�157,848 211.10 2WA00 1,315557 2580,884
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
W
Ih.
Name of Redevelopment Agency. Community Redevelopment Agency of the City of Palm Springs Page of 6 Pages
Project Assets) Memed Project No.1
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and 34169
post Outstanding
Debtor Obligation
Pro ecl Name I Debt Obli ellon Payee Descri lion as of June W, Total Due Durme Source of Payments by month
2011 Fiscal Year Payment I My-Dec Jan Feb Mar Aril May June Total
11 SE,211 Pament-Favorable Coun Riverside County Tax Sharing Pursuant to Section 33607.7 8691 8691 RPTTF 8691 8691
2 88211 Payment-Olt of Pat.S dos Ca of Palms do a Tax Sheri Pursuant to Section 3360]] 96765 98765 RPTTF 96765 96765
3 SB 211 Payment-Palm Senn,Unified School Di Palm Springs Unified School District Tax SharingPursuant to Section 33607.7 87,957 87,957 RPTTF 87.957 87,957
4 SB 211 Pa ant-College of the Deaen College of the Desert Tex Sharin Pursuant to Section 3W07.7 25009 25W9 RPTTF 25009 250o9
5 SB 211 Pa ant-Count Off.of Education CountyOFce of Education Tax Shad Pursuant to Section 33W7.7 13659 1309 RPTTF 13659 13659
6 SB 211 Pament-Riverside CountyRenewal Pa Riverside CountyRaicnal Park Tax Sharin Pursuant to Section 33807.7 1419 1419 RPTTF 1,419 1419
] SB 211 Payment-Riverside CountyFlood Control Riverside Count Flood Control Tex Staining Pursuant b Section 3380].] 3,140 314g RPTTF 3140 3140
8 SB 211 Pomanl-Cannata District Cannata District Tax Stufin Pursoanito Section3360].] 86 86 RPTTF 86 88
9 SB 211 Pament-Hosital District Hospital District Tax Sharin Pursuant to Section 3307.7 8601 6%1 RPTTF 6661 6661
10 SB 211 Payment-Mosuito Abatement District Mosquito Abatement District Tax Sharin Pursuant to Section 33%7.7 422 422 RPTTF 422 422
IL SS 211 Payment-Resource Conservation District Resource Conservation District Tax Sinning Pursuant to Section 3%077 40 40 RPM Q 40
12 SB 241 Pament-Coachella Valley Water District Coachella Valley Water District Tax Sharing Pursuant to Section 33607.7 3 3 RPTTF 3 3
MISS 211 Payment-CVWD Storm Water District CVWD Stan,Wale,District Tax Sharpe Pursuant to Section 3W77 4 4 RPTTF 4 4
1, Contractual-Riverside Count Riverside County Tax Sluning Pursuant to Section 33d01 1,197,146 1 19]146 RPTTF 1,197,146 1197146
15 Contractual-Riverside County Deferrer Riverside County Tax Sharing Pursuant to Section 33401 Def 530585 5W%5 RPTTF 530585 530,585
16 Contractual-Palm Sponge Untied School District Palm Spoons Uniged School District Tax Sharing Pursuant to Section W401 npi'm 198 0% RPTTF 198,055 198,055
17 Contractual-College of the Desert College of the Desert Tax Shaming Pursuant to Section 33401 56531 %531 RPTTF 56,531 56531
18 Contractual-Coun Cffce of Education County Moe of Education Tax Sharing Pursuant to Section 33401 W756 307% RPTTF W.156 30756 '
19 Contractual-Rlversde County Flood Control Riverside County Flood Control Tax Sharing Pursuant to Section 33401 92828 92828 RPM 92828 92828
20 Contractual-Cemota District Cemeter,District Tax Slanno Pursuant to Section 33401 4105 4105 IRPTTF 4105 4,105
21 Contractual-Mps,04,Abatement Mind Mo uito Abatement District Tax Sloarm Pursuant to Section 33411 38 184 38184 RPTTF 38,184 38.184
22 Contractual-Coachella Valle Water piatrict Coachella Valle Water District Tax Sharm Pursuant to Sectign 33401 0 0 RPTTF 0
23 Contractual-Dosed WaterA enc Dosed WaterA enc Tax Sharing Pursuant to Section 33401 17557 17557 RPTTF 17%7 17557
24 Contractual-Desert WaterA ere OS Wenitle Dosed WaterA enc Tax SharingPursuant to Section 33401 225132 225132 RPTTF 225132 225132
25 0
26 0
?71 0
2B 0
2911 0
30 0
31 0
121 0 _
i3l 0
3A 0
35 0
36 0
3] 0
38 0
39 0
46) D
Totals-This Page 2.634,7% 2,63,1735 1289.974 0 242,689 0 0 1.102.072 2,634,735
RPTTF=Redevelopment Property Tax Trust Fundl
LMIHF=Low and Moderate Income Housing Fund!
ACA=Adminahative Cost Allowance
�sesa
Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Brings Page of 6 Pages
Protect Ama(a( Merged Protect Na.2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
owl Uutakindul
Debt or Obligation
as of June W, Total Due Ourine Source of Pa menu b memo
Pro a,t Name I Debt Obi'a8on Pa ea Description 2011 Fiscal Year Payment Jul-Dec Jan•' Feb Mar A dl May June Total
1 2004 Tax Allocation Refunding BOndB Setles B Bank of New York Mellon Trust Refinance 1894 Tax Allow don Bonds 14 453 293 1 1.003.W4 RPTTF 390 628 Alt 756 612]56
2 2007 Taxable Tax Allocation Bond,oad Bank W New York Mellon Trust Pro Ac uisiean 12407609 848503 ll 325184 523339 523339
3 CilyWanand Interest CI of Pal.S on a O retin and Adminidtr h-Costa 103250 103250 RPTTF 103250 103 T50
4 Agreement far Reimbursement Ci of Palm dos PSL-236 Lease 3400000 122892 RPFF 110000 1269E 12892
5 A reement br Reimbursement Ci of Palms On sSustainabili Partial Pre ment of PSL 236 Lease 1125436 1125436 RPTTF I1T5436 1.125.436
6 2004 Convention Center Bonds CI of Palm rin s enc Contribution 0 Convention Center 6900000 300000 ftPTTF 150000 150000 150000
i ] A reement for Reimbursement Cl of Palms d s Wastewater Fund 1120M 850939 RPTTF 440.939 d16900 650939
8 Coo erative A reement Cit of Palm S rin s Salaries and Benefits 5540000 214,798 ACA 10]398 1]900 1]900 1],900 1]900 1]900 1]900 10]460
9 Coo ;My. reement CA of Palma d s Insurance 177760 8.88E ACA 4444 2222 2.222 4444
t 10 Coo refiva A reement Ci of Palm S on s Admmislrall Ch. es 1,5D9,220 75 461 ACA 3]598 16]96 16]W 3]595
11 Cot ra9veA reement CI of Pal.S 'n s Materlalsaral Su ies 212 d20 10621 ACA 2]O1 1,320 1320 1320 1320 1399 1,320 ]595
12 Cao aafiveA reement Ci of Palms of BuIMI Rental ,920
W" 4500 ACA 4506
13 Contract Services-Audit Lance Sell 4,Lu hard Audit Services ]],500 3100 ACA 1400 1000 ]00 1]00
14 CorMctSarnces-L el WoodmlfS radlin Generell- al Counsel 197,900 7916 ACA 2480 908 1 906 908 906 906 906 5436
15Contrect Services-Financial Hamd1&Com an Advisors Bow Disclosure and Financial Anal sis 184000 8" ACA 20W 2000 2000 2" 8000
16 C.onad Services-Other in. .rebate cal. Various Various Consultlo Services 460000 20000 ACA 4000 4000 4000 4000 0000 20000
17 BowT 1tea Fees Bank of New York Mellon Trust Trustee Fees 161000 45W ACA 43]] 143
18 Pro a Tax Collection Fees Calm of Riverside SB 2557 Fees 1,846.000 1 71,000 1 RPTTF 71,000 ]1 O00
19 Flood Control Trust Fund Various Flood Com mITax Sharin A enc Account 575.1))() 5]5000 RPTTP 5]5 000 5]5 000
20
21
22
23
24
25
26
2]
28
29
31
32
33
34
35
38
3]
W11
38
40
T.Isls-This Page $ 50540768.00 1 5358,208 1 1,140688 2888,]38 48,146 I 26,826 8]269 45,145 1,011126 42V ID]
RPTTF=Redevelopment Property Tax Trust Fuw ••Include.Bow Dahl Service Due in August and September 2012
LMIHF=Low and Madamte Income Housing Fund
ACA=Administrative Cost Allowance
Name of Redevelopment Agency Community Redevelopment Agency of line City of Palm Springs Page 5 of 6 Pages
Project Areas) Merced Project No.2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and 34169
Total u ing
Debt or Obligation
as of June W. Total Due Durmo Source of Payments Is,month
Project Name l Debt Obligation Paris Description 2011 Fiscal Year Peyment r Jul A Jan Feb Mar I A m Ma June Total
1 SR 211 Pament-Riverside County Riverside County Tax Sharing Pursuant to Section 33607.7 0 0 RPTTF 0 0
T SB 211 Pament-Cit of Palm Springs City of Pa.Spring. Tax Sharing Pursuant to Section 33607.7 33470 33470 RPTTF 33470 33470
3 SB 211 Pa ent-Palm Simi Unified School Of Palm Spraugs Unified School District Tax Storanx,Pursuant to Section 336077 6 554 6,554 RPTTF 6 554 6,554
4 SB 211 Pament-Coll of the Desert College of 9le Desert Tax Sharin Pursuant to Section 331i07.7 1871 1871 RPTTF 1871 1871
_51 SB 211 Pa ent-County Office of Education County Office of Education Tax Stranng Pursuant W Section 33607.7 1,018 1,018 RPTTF 1.018 1,018
_61 Sit 211 Pament-Riversltle County ft Ional Pa Riverside County Regional Park Tax Sharing Pursuant to Section 33607.7 492 492 RPTTF 492 492
7 SB 211 Pa ant-Riverside County Flood Control Riverside County Flood Control Tax Sharing Pursuant to Section 33607.7 0 0 RPTTF 0 0
81 iSB 211 Pament-Cemeta Dori Cemetim,District Tax Sharing Pursuant to Section 33607.7 180 180 RPTTF 180 180
9 SB 211 Payment-Hos ital District Hospital District Tax Sharing Pursuant to Section 33607.7 2304 2,304 RPTTF 2304 2304
10 SB 211 Payment-Moo uito Abatement District Mos,urito Abatement District Tax Sharing Pursuant to Section 33607.7 0 0 RPTTF 0 0
11 SB 211 Payment Resource Conservation District Resource Conservation District Tax Sharing Pursuant to Section 33007.7 0 0 RPTTF 0 0
12 SB 211 Pament-Coachella Valley Water District Coachella Valley Water District Tax Straft Pursuant to Section 33607.7 0 0 RPTTF 0 0
13 SB 211 Payment-CVWD Storm Water District CVWD Storm Water District Tax Sinai Pursuant to Section 33607.7 0 0 RPTTF 0 0
14 Contractual-Riverside County Riverside County Tax Sinai Pursuant to Section 33401 903110 903110 RPTTF 451555 451555 903110
15 Contractual-Palm Spinner Unified School District Palm Spnngs Unified School District Tex Sharing Pursuant ro Section 33401 184,829 184,829 RPTTF 184,829 184,829
161 Contractual-College of the Desert College of the Desert Tax Sharna Pursuant to Section 33401 52,750 52,756 RPTTF 52,756 52,756
171 Contractual-County Office of Education Coun Office of Education Tax Stifling Pursuant to Section 33401 31,10 31,109 RPTTF 31,109 31,109
18 Contractual-Rivealde Count,Flood Control Riverside County Flood Control Tax Shrow Pursuant to Section 33401 60746 60746 RPTTF 43812 16934 60746
19 Contractual-Cameta District Cemetery District Tax Sharma Pursuant to Section 33401 919 919 RPTTF 919 919
20 Contractual-Mosquito Abatement District Mosquito,Abatement District Tax Staring Pursuant to Section 33401 0 0 RPTTF 0 0
21 Contractual-Coachella Valley Water District Coacnella Valley Water District Tax Sinarm,Pursuant to Section 33401 29.027 29027 RPTTF 29027 29.027
221 Contractual-Desert Water Agency Desert WaterAgency Tax Sharing Pursuant to Section 331)1 8257 1 8257 RPTTF 8257 6257
23 Contractual-Desert Water Agency DS Ovenide Desert Water A enc Tax Sharing Pursuant to Section 33401 102528 102528 RPTTF 102528 102528
24 0
25 1 1 0
26 0
27 0
28 0
29 0
30 0
31 0
32 0
33 0
34 0
35 0
311 0
37 0
38 0
39 0
40) 0
Totals-This Pee 1,419,170 1619.1]0 ------ 0 110)85 0 0 813,018 1419,170
RPTTF=Redevelopment PropeM Tax Trust FurM
LMIHF=Low and Moderate Income Housing Fund
ACA=Adminlstra6ve Cost Allowance
Name of Redevelopment Alan, Community Redevelopment Agency of the City of Palm Springs Page 6 of 6 Pages
Project Area(s) low and Moderate Income Houisno Fund Obl irtl
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
-TogrOMIanding
Debt or Obligation
es of June 30. Total Due During Source of Pe ments b month
imt Name l OeM Obt atien Pi ea Do.d Ocn 2011 Fiscal Year Payment Jul-Dec Jen" Feb I Mar April May June Total
1 2001 Housing Tax Allocation Bontls Bank of New York Mellon Trust Refinance 1991 Housi Tax Allocation Bo 5030290 834352 LMIHF/RPTTF I 368834 1 465518 '165518
2 Housin Pr0'epls and Promms To Be Determined Restricted Sala Proceetlsrobe used for Low 182630 1828?0 LMIHF 162630 1fi263G
3 20%Housi Sat Aside Low Mod Housing Fund Housing Proems and Programs 1621100 1621100 RPTTF 1621100 1621 Inn
4 Nihtenale Manorlmrovements Low Mod Housing Fund Low Mptl H...mr,ProeM 60000 60000 LMIHF 6000o 600W
5 Sunset PalmsAarments Low Mo!Housi Fund Low Mod Housin Proect 1500000 1500000 LMIHF 1500006
6 Nl2M.a ,San Rafael Pro act Low Mod HousingFund Lew Mod Housi Proect 4500 4500 LMIHF 469 4031 4031
] Coo aliv.Min
t City of Palms dos Salanas and Benefits 6,000000 232689 ACA 116289 19400 19400 19400 19400 19400 19400 116,400
e Coo raliveA reemenl Cityof PalmSamoa Insurance 35680 1]83 ACA 289 400 446
9 Coo erativ.A reemenl Ci of Palms n s Administative Char es 1195800 59]90 ACA 29895 14948 14948 29896
892
10 Coo afive Agreement CRY of Penn Spono. Materials and Su lies 152,400 7,620 ACA 2.286 889 889 889 889 889 889 5 334
11 Coo eative q seamen Cil,of Palm Sodium BuildiM Rental 20,000 1000 ACA 1000
12 Conant Services-Audit Lance Soil B Lu hard Audit Services 25000 1000 ACA 606 394 394
13 Bond Tmstee Fees Bank of New York Mellon Trost Tmatce Fees 22.(100 2,120 ACA 2 120
14 ConbaM Services-Financial Hanell&Coro an Ativisprs Bontl D)Wosure and Financial Analsis 20000 2000 ACA 500 500 500 500 2000
15 Contact Services-Othere. .rebate talc Various Various Consultl Services
6 50000 5000 ACA 1000 1,000 1000 1000 1000 5000'
11711
18
19
0
21
22
23
26
25
26
2]
28
29
30
gill
32
33
35
36
3]
38
39
40
Totals-ThisP e $ 15,899,380.00 1 4.495584 1 1 2,022.391 1 2,106,907 37,183 22,183 21,]89 36683 246,450 2,4]3,195
RPTTF=Redevelopment Property Tax Trust Fund ••Includes Bond Oebt Service Due in August and September 2012
LMIHF=Low and Moderate income Housing Fund
ACA=Administrai Cost Allowance
1"r
00
Name of Redevelopment Agency: SOS Redevelopment Agency Page 1 of 1 Pages
Project Area(s) All
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(")
Total Outstanding Total Due Outing Pa men[s by Month
Project Name/Debt Obligation Payee Description Debt or Obligation Fiscal Year Aug** Set Oct Nov Dec Total
1999 Tax Allocation Bonds Series A Bank of New York Bonds issue to fund non-housing projects 9,888,000.00 441,000.00 220 000.00 $ 220,00000
1999 Tan Allocation Bonds Series B Bank of New York Bands issue to fund h.u.inq protects 2,472 000.00 110,00000 55000.00 $ 55 000.00
2005 Tax Allocation Bonds Bank of Zurich Bonds issue to fund non-housing projects 32,660,000.00 2,675,000,00 1,337 500.00 $ 1 337.500.00
Stale CaIHFA Loan CeIHFA Loan for affordable housinq Protect 1,790,000.00 200 000,00 100.000.00 $ 100,000.00
City Loan entered into on 6130/1987 City of SOS Loan for public works project 5,100,00000 500,000.00 500,000,00 $ 500,000.00
OPA Developer XYZ Tax increment reimbursement 5.000,000,00 250000.00 125,000.00 $ 125,000.00
Contract for construction KLM Construction Construct road intersection 100000,00 100,00000 25,000.00 25,000.00 1 25000.00 $ 75,000,00
Contract for consulting services Cool Consulting Inc Project administration 10,000.00 10,000.00 5,000.00 1,00000 $ 6,000.00
Lease of Offices ace Coldwell Banker Offices ace rent 60000,00 15000.00 1,250.00 125000 1,25000 1,250.00 $ 5.000.00
Employee Cost Employees of Agency Payroll for em to ees 500,00000 500000.00 20000.00 41,666,67 41,666.67 41.666,67 41666,67 $ 186,666,68
Agency insurance costs Protect U Insurance Errors and omissions insurance 12,000.00 11000.00 1,000.00 1,000.00 1,000.00 1,000.00 $ 5,000.00
$
$
$
$
$ fit
$ x
s �-
$ s
$
$ D
$
$
$
s
s
$
Totals-ibis Page $ 57,580,000,00 $ 4.813.000.00 $ 21,000.00 $ 43.916,67 $ 1,681,416.67 $ 73,916,67 $ 794,916.67 $ 2,615,166 ft
Totals-Page2 $ 9,353.947,00 $ 3,180395.00 #REFI #REFI III #REFI #REF! $ 549510,00 -
Tatels-Page3 #REFI #REF! #REF! #REF! #REFI #REFI #REF! #REFI
Totals-Page 4 $ is - $ $ - $ $ $ - $ -
Totals-Other Obligations $�102 321 000.00 $ 3756800.00 $ $ - $ - $ 1878400.00 $ 1878400.00
Totals-All Pa es #REFI #REF! pREF! #REF! pREF! #REFI #REF! #REFI
This Enforceable Obligation Payment Schedule(EOPS)Is to be adopted by the redevelopment agency no later than late August.It is valid through 12131/11.It is the basis for the Preliminary Draft
Recognized Obligatlon Payment Schedule(ROPS),which must be prepared by the dissolving Agency by 9130/11.(The draft ROPS must be prepared by the Successor Agency by 11130/11.)
If an agency adopts a continuation ordinance per ABX1 27,this EOPS will not be valid and.there is no need to prepare a ROPS.
"Include only payments to be made after the adoption of the EOPS '