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Successor Agency Staff Report
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DATE: February 15, 2012 UNFINISHED BUSINESS
SUBJECT: Amendment and Transmittal of Enforceable Obligations Payment
Schedule (EOPS) and Amendment and Transmittal of Draft
Preliminary Initial Recognized Obligations Payment Schedule
(IROPS) Pursuant to Section 34169(g)(1) of California Health &
Safety Code
FROM: David H. Ready, City Manager
BY: Community& Economic Development Department
SUMMARY:
On December 29, 2011, the California Supreme Court upheld AB 1X 26, which
dissolves all of the redevelopment agencies in the State of California, and struck down
AB 1X 27, which allowed redevelopment agencies to remain in existence if such agency
opted to the "Voluntary Alternative Redevelopment Program" ("VARP"). AB 1X 26
(Health and Safety Code Section 34169(g)(1)) required agencies to submit an
Enforceable Obligation Payments Schedule (EOPS) by January 31, 2012. The EOPS
had to be adopted at a public meeting and then posted on the agency's or its
jurisdiction's website. It also had to be submitted to the County Auditor-Controller, the
State Controller's Office and the State Department of Finance.
The Agency approved an Enforceable Obligations Payment Schedule on August 25,
2011 and an updated EOPS on January 18, 2012; one additional requirement was the
adoption of a "draft" preliminary Initial Recognized Obligation Payment Schedule
(IROPS) by September 30; the ROPS was also updated on January 18. The IROPS
listed 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.
There are a number of smaller obligations of the Agency that were not accounted for in
the previous adoption of the EOPS/ROPS; such transactions must be added to the
schedules to ensure that they remain eligible to be paid under AB 1X 26. As the "wind
down" activities of the Agency take place and agreements and obligations are reviewed
and validated, it is possible that the EOPS/ROPS documents will need further small
amendments over the next several months. In that such schedules must be revised and
approved.
ITEM NO. �k�"/
Community Redevelopment Agency Staff Report
Enforceable Obligations and Recognized Obligations Payment Schedules
February 15, 2012
Page 12
RECOMMENDATION:
Adopt Resolution No. , "A RESOLUTION OF CITY COUNCIL OF THE CITY
OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY 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 APPROVAL
AND TRANSMITTAL OF A DRAFT PRELIMINARY INITIAL RECOGNIZED
OBLIGATIONS PAYMENT SCHEDULE (IROPS) PURSUANT TO ASSEMBLY BILL 1X
26 (AB1X 26)
ohn aym n , Director of Geoffr6f Kie I, Director of Finance/
Cpaftunity & Economic Development City Treasurer
/�_
David H. Ready, Ex ve Director Tom Wilson, A stant City Manager
Dougl . Holland, City Attorney
Attachments:
1. Resolution
2. Amended Enforceable Obligations Payment Schedule (EOPS) (Exhibit "A" to the
Resolution)
3. Amended Initial Recognized Obligation Payment Schedule (IROPS) (Exhibit "B"
to the Resolution)
02
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS 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 ASSEMBLY BILL NUMBER 1X 26
(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, at 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
Enforceable Obligations and Initial Recognized Obligations Payment Schedules 03
February 15,2012
Page 11
WHEREAS, specifically, AB 1X 26 prohibits agencies from taking
numerous actions, effective immediately and purportedly retroactively, and
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 1 X 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.
Enforceable Obligations and Initial Recognized Obligations Payment Schedules 04
February 15,2012
Page 12
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 adjourned 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. READY
CITY MANAGER
ATTEST:
JAMES THOMPSON
CITY CLERK
Enforceable Obligations and Initial Recognized Obligations Payment Schedules _ 05
February 15,2012
Page 13
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 City of Palm Springs, California, acting
solely in its capacity as the Successor Agency of the Palm Springs Community
Redevelopment Agency hereby certify that Resolution No. was adopted by the
City Council at a regular meeting held on the 15th of February, 2012, and that the same
was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
JAMES THOMPSON
CITY CLERK
Enforceable Obligations and Initial Recognized Obligations Payment Schedules 06
February 15,2012
Page 14
Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Springs Pagel of 6 Pages
Project Ama(s) Merged Project No.1
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE(FEBRUARY 2012)
Per AS 26-Section 34167 and 34169
Total Outstanding
Debt or Obligation
as of June 30, Total Due During Pa whorls b month
Limit Namel Debt Obligation ma
Pa ee Descri tion 2011 Fiscal Year Jul-Dec Jan" Feb Mar April May June Total
1 20"Tax Allocation Refunding Bonds,Series Bank of New York Mellon Trust Refinance 1994 Tax Allocation Bonds 24410886 1,947 A7 824564 1,122703 1122,703
2 2007 Tax Allocation Bonds,Series A Bank of New York Mellon Trust Capital Pro mJs 23.960 388 928,838 300613 619,225 619 225
3 2007 Taxable Tax Allocation Bonds,Series B Bank of New York Mellon Trust Pro ert Ac uisition 3 854,458 1T5 941 58 64] 117,294 117,294
4 SERAF Loans Low Mod HousingFund Loans for FY 2009110 and 2010111 SERAF 5 069 848 0
5 City Loan and Interest City of Pat.S do s Operating and Administrative Costs 1553913 1553913 1553913 1,663.913
6 Loan Low Mod Housing Fund Loan to Merged Project No.1 148,632 74,316 - ]4,316 ]4,316
] HousingDeferral Repayment Low Mod HousingFund Pre-1986 Set Aside Deferral 1532669 0
8 2004 Convention Canter Bonds Cityof Palms do s enc Contribution to Convention Center 29,900000 1300000 650,000 650000 650,000
9 Agreement for Reimbursement CRY of PalmSchnee Wastewater Fund 438,310 438310 14473 423,837 438,310
10 Cooperative A reement Cityof PalmSerum, Salaries and Benefits 4,600,000 214799 107399 1]900 17,900 17.900 17900 17900 17900 10]400
ll Coo erativeA rcement Cityof PalmSpring. Insurance 181,300 9065 4633 2266 2,266 4,532
12 Coo from v.A reement Cityof Palms dos Administrative Che es 3145200 157,260 18630 39315 39,315 ]8,630
13 Coo erativeAgreement Cityof PalmSprites Materials and Supplies 336440 16,822 5,758 1844 1,844 1,844 1844 1844 1844 11064
10 Coo erativeA reement Cityof PalmSprings BuildingRental 210000 10500 10500 0
15 Contract Services-Autlit Lance Sell Unchain! Autlit Services 172.500 6900 4,400 1,000 1500 2500
ifi Contract Services-Le al WoodruHS ratliin General Label Counsel 1,244,600 49784 15281 5,750 5750 5750 5,750 5750 5753 34,503
V Con(mcl Sarvimes-L el Best Best&Krei er Redevelopment S ecial Counsel 14402 14402 14402 0
18 Contract Services-ConsuPin Terra Nova Consultjn ConsultingServices 3053 3053 3153 0
19 Contract Services-Consultn Canon Commercial ConsultingDowntown Consulting144000 144000 54000 15.000 15000 15000 15,000 15p00 15000 90p00
20 Contract Services Consultin Ke ser Marston Financial Anal Analysis Services 11 640 11 640 11 640 0
21 Contract Services-Financial Hewett B Company Advise, Bond Disclosure and Financial Analysis 230000 10000 2,500 2,500 2,500 2.500 10000
22 20110 en PO-Autlit Lance SotlBLun haM Audit Services 1,530 1530 1530 1 0
23 20110 en PO-Financial Martell&Company Advisers Bond Disclosure and Financial Anal is 665] 6,657 665] 6657
24 Pro ert Tax Countyof Riversitle Property Tax on A uired Property 81000 8,000 8.000 81000
25 Contract Services-Other(e.g.rebate malt Various Various Consulting Services 138]79] 60339 339 10000 10000 10,000 f0,000 10,000 10,000 60000
26 Property Tax Collection Fees Count of Riverside SB 255]Fees 2,9]],000 114,500 114500 114500
27 Bond Trustee Fees Bank of New York Mellon Trust Trustee Fees 161,000 6,360 6,260 0
28 Contract Servces-Consulting Kayser Marslon Consultjn Services-Pac9jc Hos kalif 25,243 25243 0 25243 25,243
29 Pacific Hospitality Judgment Pacific Hospitality Judgment as Determined by Court To be Determined To be Determined 0 0
30 Contract Services-Financial Harrell&Company Advisors EOPS and ROPS Consulting 6.538 6538 0 6538 6,538
0
Totals-This Page 105,796004 7295977 2.160,649 4128102 13Q013 54.494 175494 92075 551,150 5,135328
Totals-Paget 9353947 3,180396 649610 55480 51,199 657848 250400 250,400 1315557 2580884
Totals-Page 3 2,634,735 2634135 0 11289 74 0 242689 0 0 1102072 2,634,1`35
Totals-Page 4 50640,768 5368208 1140688 2,988,]38 48146 268262.10 83 9]269 45.145 1.011,126 4,217,107
Totals-Page6 14191]0 1A19170 0 49536] 0 "It i85 0 0 813018 1419,170
Totals-Page6
Gmntl total-III Pa es 185644004 2438d 069 58]3238 1L064568 2]0641 1114825 544952 424303 50413]3 1846041/
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund "Includes Bond Debt Service Due in August and September 2012
ACA=Administrative Cost Allowance
Oki
Name of Redevelopment Agency: Community Redevelopment Agency of Me City of Palm Springs Page of 6 Pages
Project Areas) Nagged Project No.1
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE(FEBRUARY 2012)
Per AS 26-Section 34167 and 34169
ng
Debt or Obligation
as of June 30, Total Due During Source of Payment month
Pro ed Namel Debt Obl adon Paea Descri ion 2011 Fiscal Year Payment 71-0ec Jan Feb Mar Aril May June I Total
1 2011 Open PO-Animal Shelter Allen F Smoot B Associates Animal Shelter Con51mc0on 32856 32856 Bond Proceeds 32,856 0
2 2011 Open PO-Animal Shelter SwatbMeirs Archlteds Animal Shelter Construction 15,419 15479 Bond Proceeds 15479 0
_31 2011 Open PO-Animal Shelter Plead ro x hits Animal Shelter Constro ton Bond Proceeds 0
41 20110 en PO-Animal Shelter Ingersoll Rand Swourry, Animal Shelter Construction 25934 25.934 Bond Proceeds 25934 0
5 20110 en PO-Animal Shelter West Test Communications Animal Shelter Phone System 9,02] 9027 Bond Proceeds 9027 0
6 2011 Open PO-Animal Shelter Moore lacoface Goltsman Downtown Deci n Bond Proceeds 0
712011 0 en PO-Animal Shelter SCM1roer Mfg Co Animal Sheller Kennels and Intake Ca es 17619 1]619 Bond Proceeds 17619 0
8 20110 en PO-Animal Shelter Lake State industries Animal Shelter Codes 4469 4469 Bond Pocests 4.469 0
9 20110 en PO-Conshucton Rick Engineering SPalm Canyon Widenin 5198 5198 Fund Balance 5198 0
101 Grounds Maintenance Varous Operation of Ac utred Peabody 160000 8000 RPTTF 8,000 400 400 400 400 400 2000
11 Continuing Appropriations Venous Animal Shelter Construction(Bond Proceeds 98915 98915 Bontl Proceeds 98.835 00 80
12 CN
A m natlons Various COD Master Plan 101449 101449 Fund Balance 650 50799 50000 100,799
13 CA mdatigns Various Desert Fashion Plaza Vision 3444 3444 Funtl Bance 3,444 0
14 CA ro Nations Venous Ca imi Proecis ]6555] 76555] Funtl Balance 250000 250000 250000 1555] ]65,55]
15 D and Develo mentA roement Entlme Investments FinancialAssistance 554000 2]]000 RPTTF 22]000 22]000
18 D and Develo mentA reement Entlura Investments Financial Assistance 1400000 RPTTF 0
i] ONci alionA reement VIP Motors Financial Assistance 900000 130448 RPTTF 130.448 13o 44A
18 Lblease A reement VIP Motors Pro a Lease 3960000 385000 Lease Income 3300W 55000 55000
19 Fltrol Trust Fund Various Flood Contend Tax SharingAgencyAmount 1300000 130000 RPTTF 130,000 1300000
20 0
21 0
22 0
_ 23 0
24 0
rThis
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,353.947 3,180,395 1 1 549510 1 65480 51,199 657846 250400 250400 1315,557 2.580884
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
V/
Name of Redevelopment Agency: Community Redevelopment Agency of the Oily of Palm Sprees Page of 6 Pages
Project Areals) Merged Project No.1
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE(FEBRUARY 2012)
Per AS 26-section 34167 and 34169
o a u or ing
Debt or Obligation
Pro ecd Name lOebt Obligation Pa ee Oescrl ion as of June 30, Total Due During Seem.of Pa entsb month
2011 Fiscal Year Payment r Jul-Dec Jan Feb Mar Aril May June Total
1 S8211 Pament-Riversitle Coun Riverside County Tax Shi Pursuantto Section 33607.7 8691 8691 RPTTF 81691 8691
2 SB 211 Payment Cit,of Palm Sprees C' of Palm Soling. Tax Sharing Pares art W Section 3360).] 96,766 96,765 RPTTF 96,765 96,765
3 SB 211 Payment-Pafre S ri s United School Dii PalmSpecies Unified School DnsW Tax Sharing,Pursuant to Section 33601.7 8]95] 8]95) RPTTF 8)95) 8)95]
4 SB 211 Payment-Coll eof the Desert Cohen.of the Desert Tax Sharing Pursuant W Section 3360)] 25009 25009 RPTTF 25,009 25,009
_51 SB 211 Pament-County Once of Education Counly Office of Education Tax Sharing Pursuant W Section 33607.7 13659 13659 RPTTF 13659 13659
6 SB 211 Payment-Rivitl erse CountyRegional Pe Riverside CountyRegional Park Tax Sharingctlon Pursuant to Sa 33607.7 1419 1419 RPTTF 1419 1419
] SB 211 Pament-Riversitle CountyFlood Control Riverside County Flood Control Tax SharingPursui Section 33607.7 3140 3140 RPTTF 3140 3,140
8 SB 211 Payment Concede Disbict C.ructurvDistmot Tax Sharing Pursuant to Section 33607.7 86 86 RPTTF 86 86
9 SB 211 Payment-Hmipiftal District Hospital District Tax Sharon Pursuant to Section 3360].] 6661 6661 RPTTF 6661 6661
10 SB 211 Payment-Mosquito Abatement District Mausoleum Abatement District Tax Sharing Pursuant W Section 3360]] 422 422 RPTTF 422 422
11 SB 211 Pament-Resource Conservation District Resoume Conservation District Tax Shari Pursuant W Section 33607.740 40 RPTTF 40 40
12 SB 211 Pament-Coachella Valle Water Diand Coachella Valtev Water District Tax Stoning Pursuant to Section 336017 3 3 RPTTF 3 3
13 SB 211 Payment-CVWD Storm Water District CVWD Simon Water Disbict Tax ShoringPursuant W Section 3360].] 4 0 RPTTF 4 4
L41 Contractual-Rlversitle County Riverside County Tax Sharing,Pursmetto Section 33401 1197146 119]146 RPTTF 118]148 119]14fi
15 Contractual-Riversitle CountyDefamer Riverside Crum, Tax Shari Pursuant W Section 33401 De 530585 530585 RPTTF 53o,5B5 197,146
16 Contlacual-PalmSprings Unif�ed School DiShWd PalmSimmons UnlAetl School District Tax SharingPursuant to Section 33401 585
198055 198055 RPTTF 198055 191
L71 Contractual-Colle of the Desert College of Via Desert Tax Sharing Pursuant to Section 33401 58631 56531 RPTTF 58531 56531
18 Contractual-Count Office of Education Coun Ofice of Edocatlon Tax Sharin Pursuant W Section 33401 30156 30)56 RPTTF 30,756 30,756
ja Contractual-Riversitle County Flood Control Riverside County Flood Control Tax Sharing Pursuant W Section 33401 92828 92.828 RPTTF 92828
20 ct Contraual-Climate Distinct Cemeta District Tax SM1arin 92,828
Pursuant W Section 33401 4105 4105 RPTTF 4,105 ,
21 CorNacWal-Mos Mosquito Abatement DistrictMos uito Abatement District Tax Shari Pursuant W Section 33401 30184 38184 RPTTF 38184 38,184
22 Contractual-Coachella Valley Water Claimed Coachella Valley Water District Tax Sharing Pursuant to Section 33401 0 0 RPTTF 0
23 Contractual-Desert Wafer Agency Desert Water Tax Sharing Pursuant WSection 33401 1],55] 11557 RPTTF 1]55] 17557
24 Contractual-Desert Water Agency DS DerMtle DesertWaterAgermy Tax Sharing Pursuant W Section 334M1 225132 225132 RPTTF 225132 1 225132
25 0
28 0
L71 0
L81 0
29 0
30 0
31 0
32 0
33 0
34 0
35 3 0
6 0
271
0
30 0
L91 0
90 0
Totals-This Pace 2,634,735 2.634 l35 1,289,974 0 0 0 242 889 1,102,072 2,634,735
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF-Law and Moderate Income Housing Fund
ADA=Administrative Cost Allowance
0
Name of Redevelopment Agency: Community R tl t Agency ofth City of Palm Springs Page of Pages
Reenact Ample) Member Per act No.2
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE(FEBRUARY 2012)
Total Outstanding
Debt or Obligation
as of June 30, Total Due During Source of Pavementsb month
Pro ectName lDebt Consider Pa ee Dissod lion 2011 Flscal Year Payment Jul-Dec Jan" Feb Mar I April I May June Total
1 2oo4Tax Allocation Re(undi Bonds Sane.B Beek of New York Mellon Trust Refinance 1994 Tax Allocation Bonds 14453293 1003384 RPTTF 390628 612]56 612]Sfi
2200)Taxable Tex Allocation Bond.,SedesC Bank of New York Mellon Trust Proe Acolades 12407609 848503 RPTTF 325164 523339 523339
3 City Loan and Interest City of Palms rims Demoting and Administrative Costs 103260 103250 RPTTF 103250 103.250
d Agreement for Reimbursement City of PalmSprings PSL-236 Lease 3400000 122892 RPTTF 110000 12892 12.892
5 reement for Reimbursement m CI of PalmSprings Subpresblll Ramat Prepayment of PSL 236 Lease 1125436 1125436 RPTTF 1125436 1125436
6 2000 Convention Cantor Bonds Cityof PalmSpring. A en Contributes to Convention CenterE 6900000 300000 RPTTF 150000 150000 150000
] Appeared for Reimbursement Cityof PalmSproule Wasfewater Fund 112o3B0 850939 RPTTF - 440939 410000 850939
8 Compensate Agreement Ci of Palms rin s Salaries and Benefits 5540000 214]98 ACA 10]398 40930 1],900 1]900 P900 1]900 1]000 851
107,400
9 Cooperative Agreement Ci of PalmS rin s Insurance 1)T]60 8888 ACA 4444 2222 2222 4444
10 Coo ereWe Agreement Cityof PalmSprings Administrative Champs 1,509220 ]5461 ACA 3]596 18>98 18>9] 3)595
11 Coo em8ve A reemant Ci of Palm S rin s Materials and Supplies 212 420 10.621 ACA 2.701 1,320 1,320 1,320 1,320 1.320 1.320 7,920
12 Completive Agreement City of PalmSprings Buildin Rental 00000 4500 ACA 4500
13 Command Services-Audit Lance Sell B Lu ham Autlit Services 77500 3100 ACA 1400 1000 ]00 1700
14 Contract Servkes-Le al WoodruffS remin General Le al Counsel 19)900 7916 ACA 2,480 906 906 1 906 906 906 906 5436
15 Contract Services-Financial Harrell B Company Advisors Bond Disclosure and Financial Analsis 184000 8000 ACA 2000 2000 2000 2000 8000
18 Commct Services-Omer(e.g.replace caic Various Various Consultin Services 460000 20000 ACA 4000 4000 4,000 4000 4000 20000
17 Bontl Trustee Feas Bank of New York Mellon Trust Trustee Fees 161000 4520 ACA 4.3]] 143
18 Pmperl,Tax Got scroll Fees Cmudy,fRivensid, SB 2557 Fees 1846,000 71,000 RPTTF 71000 T1,000
19 Flood Control Trust Fund Various Flood!Control Tax SharingAgency Account 575000 575000 RPTTF 20 5]5000 575000
21
22
23
24
25
26
T]
28
29
30
31
32
33
4
35
36)
3]
38
39
40
Totals-This Page $ 50.640768.00 5358208 1,140,688 2988738 48.146 26,826 97,269 41L145 1,011126 4217,107
RPTTF=Redevelopment Property Tax Trust Fund "Includes Bond Debt Service Due in August and September 2012
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
Name of Redevelopment Agency: Community R.dcv.lO,Mcato f ind City f Palm S Page 5 of 6 Pages
Pmlact Amand Merged Pro'act Not
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE(FEBRUARY 2012)
Per AS 26-Section 34167 and 34169
oa us n
Debt or Obligation
as of June 30, Tells Due During Source of Payments b month
Pr act Name/Debt Obl atlon Pa a Descri bon 2011 Fiscal Year Payment Jul-Dec I Jan Feb Mar A nl Ma June Total
1 SB211Pa anLRiverside Coun Riverside County'Tax Sharing Pursuant 0 Section 33607.7 0 0 RPTTF p g
2 SB 211 Pa Mont-Ci of Palms did s C' of Palma nn s Tax Sharin Pursuant to Section 3360➢.) 33470 33470 RPTTF 334]0 334]0
3 SB 211 Pa meat-Palms nn s Untied School Dil Pa1mS rl s United School Distric Tax Sharing Pursuant 0 Section 33607.7 6554 6554 RPTTF 6554 6554
4 SB 211 Pa Mont-Celle a ofthe Desert Collee of fire Desert Tax Sharni,Pursuantto Section 33607.7 1871 1871 RPTTF 18>1 1g]t
5 58211 Pa ment-Cons Of6ceof Education 30tudy,Office of Ed...too Tax Sharing Pursuant 0 Section 3360)] 1018 1.018 RPTTF 1018 1018
6 SB 211 Pa ant-Riversitle Could Re Tonal Par Riverside Coun R iodal Park Tax Sharing Pursuant to Section 33607.7 492 492 RPTTF qgy qgp
I SB 211 Pa ment-Riverside Coun Flood Control Riverside Counts Flood Control Tax Sharing Pursuant to Section 33607.I 0 0 RPTTF 6 0
8 S13211Pa ant-Comets Oil Cemeta District Tax SharN Pursuant to Section M607 I 180 180 RPTTF 180 180
9 SB 211 Pa ment-Hos ital Distncl Hos ital DisNof Tax SherionPursuantto Section 3360].] 2304 2304 RPTTF 2304 2304
10 SB 211 Pa art- as uito Abatement District 10,10saudd,Abatement District T...11-lel,Pursuantto Section 3360)] 0 0 RPTTF 0 0
11 SB 211 Pa ment-Resource Conservation DlsNM Resource Conservation District Tax Sharin Pursuant to Section 336W.) 0 0 RPTTF 0 0
12 SB 211 Pa ant-Coachella Valle i rDistnotlCommellasVellay Water District Tax Shand Pursuant to Section 3360).] 0 1 0 RPTTF 0 0
13 SS 211 Pa ant-CVWD Storm Water OisNct CVWD Storm Water District Tax SM1adn Pursuantto—,-an 3360).] 0 0 RPTTF 0 0
14 DOMreMnal-Rivers ltleCwnl Riverside Coun Tax Sharin Pursuant to Section 33401 903110 903110 RPTTF 451555 451555 903110
15 Contractual-Palms tln sU a wart School District PaImS nn sUni9etl School DisMc Tex SM1adn Pursuant to Section 13401 184829 184829 RPTTF 184829 184829
16 Contractual-Gotta eo(me Desert C011e 6of 00 Desert Tax Shari Pursuant to Section 33401 52,756 52,756 RPTTF 52]58 52]Sfi
17 Contractual-Coun Once of Education Could Office Of Education Tax Shan Pursuant to Section 33401 31109 31109 RPTTF
19 Contractual-Ceme 31109 31109
18 Contractual- amel Toe Coun Flood Control Riversitle Coun Flootl Control Tax Sharin Pursuant to Section 33401 60746 60746 RPTTF 43812 1fi 934 fi0>46
la District Comets McNM Tax Shaun Pursuant to Section 33401 919 819 RPTTF 918 919
20 Contractual-Mos uiW Abatement District Mos uilo Abatement District Tax Sharin Pursuant N Section 33401 0 0 RPTTF 0 0
21 Contractual-Coachella Valle Water DiMuct Coachella Valle Wafer OistOct Tax Shad Pursuant 0 Section 33401 2902I 290D RPTTF 28,02] 2902)
2T DOMfaMVal-Dese....
enc Dased Water no Tax Shen- Pursuantb Section 3.1401 8257 825] RPTTF 825] 825)
23 Contractual-Desert WaterA enc DS Override Desert WaterA enc Tax Sharin Pursuant t-Section 33401 102528 102528 RPTTF 102528 102528
24
25 0
26 0
2) 0
28 0
29 0
30 0
31 0
32 0
33 0
34 0
35 0
36 0
3] 0
38 it 0
39 0
40 0
0
Totals-This Page 1,419,b0 1,419,170 1 495367 01 110,785 1 01 01 813018 1 1,419170
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
P
Name of Redevelopment Agency: Cendrounifty,Retl A of to Cd,ofP Springs
Pege6 of6 Pages
Project Area(.) Low and Moderate Income Houlsn Fund dandelions
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE(FEBRUARY 2012)
o u g
DeMorObligation
as
Pro'ed NamelOebt Obli atidn sot June 30. Tend Due During Souroeof Pa mentsb monU
Pa ea Dascrl Non 2011 Fiscal Year Payment Jul Oec Jan" Feb Mar A ril Ma June Total
1 2001 Housi Tax Allocation Bonds Bank of New YOM McIIon Trust Refinmwd 1991 Houston Tax Allocation Be,( 5030290 834352 LMIHFRPTTF 368834 465518 465518
2 Hearin Pmecls and Pro rams To Be Determined ResMdetl Sale Proceeds b be used for Low 162630 162630 LMIHF 1fi2630 162630
3 20%Housin Set Aside Low Mod HousingFund AmusingPmeds and Programs 1621100 1621100 RPTTF 1fi211pp )621)00
4 Ni Men ale Manor lm revertants Low Mod HousingFund Low Mod HousingPro ad 60000 60000 LMIHF 60,000 60000
5 Sunset PalmSA rnments Low Mod HousingFuntl Low Mod HousingProdwt 150000o 1500000 LMIHF 1,500000
8 NlndiaN$an Rafael Pro ed Low Mod HousingFund Low Mod HousingPro ect 4500 4500 LMIHF 459 g031 4031
] Coo end.
reement Ci of Palms rin a Salatles and Benefits 8000000 232 fi89 ACA 118234 65518 18400 19400 19400 19400 19400 465518
8 Co.eatNe reement Ci o/Palm s rin s Imamenee 35 fifi0 1]83 ACA 892 446 446 892
9 Co.erativeA reement Ci of Palms rin s !Administrative Ch..es 1195800 59]80 ACA 29895 14948 14948 29896
10 Cold eativeA reement Ci of PalmSprings Matetlals end Su dies 152400 ]820 ACA 2286 889 888 889 889 880 889 5334
11 Coo eativeA reement Ci of Palms rin BYlidln Rental 20000 1000 ACA 1000
12 contract Services-Audit Lance Soll&Lunched! Audit Servlces 25000 1000 ACA 606 394 394
13 Bond Trustee Fees Bank of New York Mallon bust Treated Fees 22,000 2120 ACA 2120
14 Contract Services-Financial Harrell&Core as Advisors Bontl Disclosure antl Financial Anal sis 20000 2120 ACA - 500 500 500 500 2000
15 Contact Servlces-OUer e. .abale wlc Various Various Consultin Services 50.000 6000 ACA 1000 1000 1000 1000 1000 5000
16
1]
18
19
20
21
22
23
24
W
38
39
40
Totals-This Pae $ 15,899380.00 4,495684 2,022,391 21W 90] 31L 183 22183 21789 36.883 248450 24]3,195
RPTTF=Redevelopment Property Tax Trod Fund "Includes Bond Debt Service Due in August and September 2012
LMIHF=Low and Moderate Income Housing Fund
ACA=Admintslrative Cost AlbAme.
Name of Redevelopment Agency: Community Redevelopment Agency of the City of Palm Spdngs Project Paget dfi Pages
ject Areas Merged Pmect No.
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169
Total Outstanding
Debt of tlon Source of
as of Julie
30, Total Due During Payments by month
Pro ed Nance/DaDt Obll ation Pay" Oescn lion 2011 Fiscal Vear^ Payment Jvl-Dec Jan" Feb Mar Aril May June Total
1 2004 Tax Allocation RefundBonds,
Bonds Series A Bank of New Vork Mellon Tmsl Refinance 1994 Tax Allocation Bonds 24,470,886 1 94]26] RPTTF a6M.00650,000
703 j42ob
.122]03 2 2007Tax Allocation Bonds,SenesA Bank of New York Mellon Trust Ca lwl Pin acts 23960,388 928.838 RPTTF "" 619225 3 Z60]Taxable Tax Allacatlon BorMs--mi.B Bank of Navy York Mellon Trust Pme Acquisition 3854,458 115941 RPTTF 294 11],294 4 SERAF Loans Low Mod Housi Fund Loans for FY 2009/10 and 2010111 SERAF P 5069,848 RPTTF p
5 C' Loan and Interest Cityof PalmSpring, O ratio and Administrative Costs 1553913 1,553S13 RPTTF13 1553,913 6 Loan Low Mod HousingFund Loan to Merged Pro'ed No.1 1411632 ]4,316 RPTTF 16 ]4,316 y Housi Defanal Re a mem Law Mod HousingFund Pre-1986 Set Aside Defrost 1,532.669 RPRF p
8 2004 Convention Center Bonds Ci of PalmSprings A en Contribution to Conventual Center 29,800.600 1 300- RPTTF 00 650000
9 A reement for Reimbursement Ci of Palms rin s Wastewater Funtl 436,310 4383ID RPTTF ]3 3] 438310
10 Coo erative A reamer C of Per.S On s Balance and Benefits 4600,000 214]99 ACA 10],399 1],900 1]9p0 1]900 1],9009D tOT 400
11 Coo allveA reamer C of Pat.S nn s Insurance 181,300 9065 ACA 4533 226fi 4532
3145200 157,260 ACA ]8630 39.315 ]9,630
ent Ci dPalms n Materials and Su li 338440 16,822 ACA 518441, 1,844 18444 11,064
Builtlin Rtal 210000 10500 ACA 10500 pContract Services-AutlR utla Services 1]21 6,900 ACA 4,400 1.000 1,5002,500
124 Sffl 49,]84 ACA 15,281 5750 5750 5750 6.]5053 34M3
ounsel 14402 14402 ACA 14402 pTema Nova Consulti Co-hr Services 3,053 3 053 ACA 3,053 0144,000 144000 Funtl Balance 54000 150no 15000 15,000 15,0000 90000 20 Contract Services-Consulti Ke ser Marston Financial Analsis Services 11,640 11640 Fund Balance 11640 0
21 Contrad Services-Financial Harrell Coman Ativisors Bond Dlwlesure and Financial Anal sis 230,000 10000 ACA "2,500 2,500 2500 2,500 10,000 2220110 en PO-Audit Lance Soll&Lun hard Audit Services 1530 1,530 Fund Balance 1530 p
23 20110 en is Bit Bit&Co. n Advisors Bontl Disclosureantl Financial Anal sis 665] 6,65T ACA 665] 6,65]24 Pr a Tax Count of Riversitle Pro a Tax on Acquired Pro 8,000 8B00 RPTTF 8.000 8,000 25 Contract Services-Other a. .rebate talc Various Venous Consultin Services 138]]9] 60,339 ACA 339 10,000 10.000 100p0 10000 10000 10,000 60000 26 Proe Tax CollecYon Fees Coun of Riversitle 58255]Fees 1,387,797 114500 RPFFF 114,500 114.590 2] Bontl Trostee Fees Bank of New York Mellon Trust Trustee Fees 161000 6 360 ACA 6,360 p
28 Contrad Services-Consultin Be ser Marston Consulting Services-Pacific Hos Itali 25243 25243 RPTTF 0 25,243 25243
28 Pacifw Hos iali Jud mant Pacific Has Itali Jud ment as Detertnlned b Court To be Determinetl To be Determined RPTTF p
30 Contact Services-Financial Harrell&Com p
a Ativisors EOPS antlftOPS Consul4n 6.536 8538 ACA 0 Ina653
0
Totals-TDis Page 105]98004 7295,977 2,1WA49 4,128A02 134013 54494 175494 92,075 551,150 5135,328
Totals-Page2 9363947 31180.395 549510 55480 51199 657,848 250400 250,400 1,315,557 2580,884
Totals-Page3 2834]35 2fi345 0 1,289.974 0 242689 0 0 1,102.072 2634735
Totals-Page4 50540]68 5358,,13208 1,140688 2,988,738 48146 26,826 97.269 4j,vf 1.011,126 4217,107
Totals-Page 5 1,4191]0 14195 4
Totals-PageB 0 495367 0 110785 0 0 813018 1,419170
Grand bfal-All Pa es 185844004 24,384.089 5873238 11,084568 270541 1114,825 1 544952 11 424,303 11 5,041,373 18460.419
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF=Low and pension,Income Housing Fund "Includes Bond Debt Service Due in August and September 2012
ACA=Atlministrative Cost Allowance
W
W
Name of Redevelopment Agency: Community Ratlevelopment Agency of the City of Palm Springs Page W6 Pages
Project Areas) Merged Project No.i
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and 34169
oe im Ing
Debt or 0dinson
as of June 30, Total Due Durin n g Source of Payments b month
Pro ect NamelOebt Obll anon Pa ee Descri ion 2011 Fiscal Year Payment July-Dec Jan Feb Mar A it May June Total
1 20110 an PO-Animal Shelter Allen F Smoot B Associates Animal Shelter Construction 32,856 32856 Bond Proceeds 32866 0
2 20110 uPO-Animal Sheffer SwaWMars Archttects Animal Shelter Construction 15,4T9 15479 Bontl Proceeds 15479 0
320110 nPC-Animal Shelter Planit Reprographics Animal Sheller ConsWGion = Bond Proceeds 0
4 20110 n PO-Animal Sheller ersoll Rand Security Animal Shelter Construction 25.934 25934 Bard Proceeds 25,934 0
5 20110 nPC-Animal Shelter West Test Communications Animal Shelter Phones stem 9027 9027 Bond Proceeds 9027 0
6 20110 nPO-Animal Shelter Moore lacofeno Gollsman Downtown Design - Bond Pearson. 0
] 20110 n PO-Animal Sheller Schmer Mfo Co Animal Shelter Kennels and Intake Ca es 1]619 1],619 Bond Proceeds 1]619 0
8 20110 n PC-Animal Shelter Lake State Industries Animal Sheller Cages 4 469 4 469 1 Bontl Proceeds 4 469 0
9 20110 nPC-Construction Rick En ineenn S Palm Canon Widening5198 5198 Fund Balance 5198 0
10 Grounds Maintenance Values Operation ofAcquired Property 160000 8000 RPTTF 8000 400 400 400 400 400 2000
11 Continuing Appropriations Various Animal Shelter Construction Bontl Proceeds 98,915 98,916 Bond Proceeds 98,835 80 1 80
12 Continues Appropriator. Various COD Master Plan 101.449 101449 Fund Balance 650 50]99 55000 100799
13 ConfinulegrApprophiaeons Various Desert Fashion Plaza Vision 3444 3444 Fund Balance 3444 0
14 Coinnui Appropriations Various Capital Proects ]6555] ]6555] Fund Balance 250,000 250000 250.000 1555] ]6555]
15 Dis ostion and Development A reement Endure InvesMents Financial Assistance 554,000 2]],000 RPTTF 22]000 765,557
16 Dis stion and Development A reement Endure lnvesMants Financial Assistance 14w.m RPTTF p
1] CamerP.rodeatseaArapareent VIP Motors Final Assistance goo,ow 130448 RPTTF 130P18 130448
18 LeasiaSubleaseA reement VIP Motors Pro Lease 3960.000 385000 lease Income 330000 55000 55000
19 Floor Control Trust Fund Various Flood Control Tax Shared Agency Account 1.300000 1300000 RPTTF 1,300,000 1300000
20
21
0
0
22 0
23 0
24
25
0
261
0
27
0
0
28
29 0
0
31
0
32
0
33
0
34
0
35 0
0
36
3] 0
3B
0
39
0
0
40) 0
Totals-This Pa 9,353,947 3,180.395 549.510 55.480 51,199 1 657,848 MAN 1 250,40 1 1,315,557 1 1, 80.884
RPTTF=Re levelopenent Property Tax Trust Fund
WIHF=Low and Moderate Income Housing Fund
AGA=Administraive Cost Allowance
Name of Redevelopment Agency. Community Redevelopment Agency of tee City of Palm Sperm, Page 3 of 6 Pages
Poorest Areas) vacant Project No.1
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and 34169
o us n mg
Debt or Obligation
Pro MName/Debl051i Obligation pa as of June W, Toal Due During Source of Payments b monle
Deus lion 2011 Fiscal Year Payment Jul-Dec Jan Fab Mar Agri M.v June Total
1 SB 211 Payment-Riverside County Riverside County Tax Sharon Pursuant to Section 33607.7 SAW 8691 RPTTF 6691 8,691
2 SB 211 Payment-Ci of Palm Springs Cry of Palms rids Tax Shaun Pursuant to$when 3W07.7 96,765 96765 RPTTF 96765 96765
3 SB 211 Payment Palm Springs Unified School Di Palm Samoa Unified School District Tax Sharing,Pursuant to Section 33607.7 8],95] 87,957 RPTTF 81,95] 87 95]
4 SB 211 Payment College of the Desert College of the Desert Tex Sharon Pursuant to Section 3360].] 25.009 25,0W RPTTF 25009 25009
5 SB 211 Pa ent-County Once of Education County Office of Education Tax Starting Pursuant to Section 336077 13.659 13659 RPTTF 13.669 13659
6 SB 211 Pament-Riverside County Regional Par Riverside County Federal Park Tax Shari Pursuant to Section 3360).] 1419 1A19 RPTTF 1,419 1,419
] SB 211 Payment-Riverside County Flood Control Riverside County Flood Control Tax Sheafte,Pursuant W Section 33601.7 3,140 3.140 RMF 3140 3140
6 SB 211 Farmers-Cenneta District Camera District Tax Sharing Pursuant to Section 3360].] 86 1 86 RMF Bfi 86
9 SB 211 Fremont-Hearing District Hositel District Tax Season Pursuant to Section 3M077 6,661 6661 RPTTF 6,661 6661
10 SB 211 Payment Mos uito Abatement District Mossufto Abatement District Tax Shari Pursuant to Section 33601.7 422 422 RMF 422 422
11 SB 211 Pa ent-Resource Conservation District Resource Conservation District Tax Shadw Pursuant to Section 3360].] 40 40 RMF 1 1 40 40
12 SB 211 Pament-Coachella Valley Water Distrct Coachella alley Water District Tax ShadW Pursuant to Section 33601.7 3 3 RPTTF 3 3
13 SB 211 Payment-CVWD Storm Water District CVWD Storm Water Disinet Tax Stairs Pursuant to Section 3360].] 4 4 RPTTF 4 4
14 Contractual-Riversitle County Riverside County Tax Sharing Pursuant to Section 33401 1.197146 1197146 RPTTF 1197146 1,197l46
15 Contractual-Riversitle County Deferral Riverside County Tax Sharing Pursuant to Section 33401(De f 53g585 530585 RPTTF 530,585 530.585
18 Contractual-PalmSpriest Unified School District PalmSprings,Unified Schierl Dialect Tax Sharon Pursuant to Section 33401 1981055 198055 RMF t98.055 198055
17 Conactual-Coll eol the Desert Collegeof fire Desert Tax Slocrinq Pursuant to Section 33401 56.531 56531 RMF 56,531 56,531
L81 Contractual-County Once of Education County Office of Education Tax Sharing Pursuant W Section 33401 W,71Xi 30,756 RPTTF W.756 30,756
191 Contractual-Riversitle Countv Flood Control Riverside CountyFlood Control Tax Sloshing Pursuant to Section 33401 92828 92828 RPTTF 92828 92828
20 Contractual-Cemeta District Carteret,District Tax Shating Pursuant to Section 33401 4105 4105 RPTTF 4,105 4,105
21 Contractual-Mosquito Abatement District Moe uito Abatement Dialect Tax Sharing Pursuant to Section 33401 38,184 38184 RPTTF 38184 38164
22 Contractual-Coachella Valle Water Dialect Coachella Valley Water District Tax Sharing Pursuant to Section 33401 0 0 RPTTF 0
23 Contractual-Cased Water Agency Desert Water Agency Tax Sharing Pursuant b Section 334n 1],55] 1]55] RPTTF 1]55] 1]55]
24 Contractual-Desert WaterAe CS Ovenide Desen WaterAe Tax Shari Pursuant to Section W,t01 225.132 225132 RPTTF 225132 225132
25 0
26 0
?71 0
28 0
29 0
30 0
37 0
32 0
33 0
0
35 0
as 0
L71 0
3a 0
30 0
i0i 0
Totals-This Page 2,834,]35 2,634,]35 1289.974 1 0 1.102,072 2,634,135
RPTTF=Redevelopment Property Tax Trust Fund
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
W
CTI
Name of Redevelopment Agency CommuM1N Redevelopment A enc of me City ofP Somme Page of 6 Pages
Protect Area(s) Merged Preiect No
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
-T.WORr[munnung
Debt or Obligation
as of June 30, Total Due During Source of Pa menls b month
Pm ect Namel Debt Obll aticn Pa a Descri lion mil Fiscal Year Payment Jul-Dec Jan— Feb Mar A dl May June Total
1 2004 Tax Allocation Ratuntli Bontls Seriesa Bank of New York Mellon Trust Refinance 1994 Tax Allocation Bonds 14453293 1,003380 RPTTF 390628 612758 812]56
2 2007 Taxable Tax Albcadon Darts,Series C Bank of New York Mellon Trust Pm A uismon 124W 609 848503 RPTTF 325,160 523,339 523339
3 City Loan and Interest Ci of PelmSo... O rati antl Administrative Costs 103250 103250 RPTTF 103,250 10325p
4 Agreement for Reimbursement Cityof PalmSpring. PSL-236 Leese 3400000 122892 RPTTF 11 p,000 12892 12,892
5 Agreement for Reimbursement Ci of Palmsrin .Sustainabili Parent Pre Prepayment of PSL 236 Lease 1125436 1125436 RPTTF 1125436 1,125,438
6 2004 Convention Center Bontls Cityof PalmSprings AgencyContribution to Convention Center 8900000 300000 RPTTF 150,000 125 p00 1254W
] Agreement for Reimbursement City of PelmSerape Waslewater Fund 1120380 85p939 RPTTF 440839 010000 850.939
B CooperativeAreement Cityof PalmSri c Salaries and Benefits 554p 000 214]9B ACA 1W 398 1],800 1]900 1],900 1]900 1]900 1]000 8%939
9 Coo m.Areemerd C' of Palm sd s Insurance 1]]]60 8888 ACA 4398 2222 2,222 g444
107,40
10 Comparative q reemenl C' IN Palm Sprigs Atlministrative Charges 1 509 220 75461 ACA 37,5% 18,798 18.797 37,595
11 CooperatkeAgreement Ci INPaImS d s Materials and Supplies 212421) 10821 WA
132p 1320 1320 1320 1,320 1320 ].920
12 CooperativeA Agreement C' of Palms d s Buildin Rental 90 pOp 4500
13 Contract Services-Autlit Lanes Soll&W M1aM Autlit Services ]]500 3100 1 000 ]00 1]00
14 Contract Services Local WootlruH3 redlin Genem(Le al Counsel 19]900 ]916 906 906 906 906 906 906 5436
15 Contact Serviees-Financial Harrell B Company n Advisors Bond Disclosure and Financial Analsis 184000 8000 2.000 2000 2000 2A00 80op
16 Contract Services-Other(e.g.rebate wlc Various Various Consulting Services 460000 20000 4000 4.000 4000 4000 4.000 20.000
1] BOM Trustee Fees Bank of New York Mellon Treat Trustee Fees 181000 0520 143
t8 Property Tax Collection Fees Coun of Riversitle SB 255]Feas 1,846000 71000 RPTTF ]1,000 ]1,000
19 Flood Control Trust Fund Various Flood Control Tax Shade Agency Account 575 000 5]5 WI) RPTTF 575 000 575000
20
-
22
23
24
25
26
2]
28
29
30
31
32
33
34
35
36
3]
38
39
40
Totals-TM1is Pa $ 50,W,769.00 1 5,356,208 1.14 .668 2,988.738 4f.146 26826 97,269 t5,145 1,011,126 4,217,107
RPTTF=Redevelopment Property Tax Trust Fund "Includes Bond Debt Service Due in August and September,2012
LMIHF=Low and Moderate Income Housirtt Fused
ACA=Administrative Cost Allowance
Name of Redevelopment Ages, Community Redevelopment Agency of the City of Palm Splines Page 5 of 6 Pages
Project Areas) damsel Proiesl No.2
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section U167 and 34169
Test CmIstaraing;
Debtor Obligation
Protect Name I Debt Obl'ation PB a Description as of June 30, Total Due During Source of Payments by month
2011 Fiscal Year Payment JuI-Dec Jan Feb Mar Aril May June Total
_1j SB 211 Payment-Riverside Counly Riverside Count, Tax Sharing Pursuant W See6on 3360]] 0 0 RPTTF 0 0
2 SB 211 Payment-Ci of Pelm$ rin s City of Palm Samoa Tax Sharing Pursuant to Section 33(107.] 33470 33470 RPTTF 33470 33470
3)SB 211 Payment-Palm S rin s Unified School Di Palms rin s Unified School District Tax Sharing Pursuant to Section 3360].] 8554 6554 RMF 6554 6554
4 S6211 Payment-Colo eof the Desert Colle eof the Desert Tax Sharing Pursuant to Section 336077 1871 1871 RPTTF 1871 1871
5 S6211 Payment-Caurt Office of Education County Office of Education Tax Shame,Pursuant to Section 3360].] 1018 1018 RPTTF 11018 1018
8 SB 211 Pament-Riverside County Regional Pa Riverside County Regional Park Tar Shari Pursuant Section 3360].] 492 492 RPTTF 492 492
] SB 211 Pament-Riverside County Flood Control Riverside County Flood Control Tax Slarring Pursuant to Seeds.336017 0 0 RPTTF 0 0
6 58211 Pa merit-Gemara District CemeteryDistrict Tax Shan Pursuant to Section 336W.] 180 180 iRMF 180 180
9 SB 211 Payment HospitalDistrict Hospital District Tax Shanno Pursuant to Section 3360].] 2304 2304 RPTTF 2304 2,W4
10 SB 211 Payment-Mos uilo Abatement District Mos uito Abatement District Tax Shadn Pursuant to Section SW0].] 0 0 RPTTF 0 0
11 SB 211 Payment-Resource Conservation District Resource Conservation District Tax Slurring Pursuant to Section 3W07.7 0 0 RPTTF I 1 0 0
12 SB21l Pament-Coachella Valley Water District Coachella Valley Water District Tax Shanna Pursuant to Section 33607.7 0 0 RPTTF 0 1 0
13 SB 211 Payment-CVWD Stmen Water District CVWD Storm Water District Tax Sharing Pursuant to Section 3360].] 0 0 RPTTF 0 0
14 Contractual-Riverside County Riverside County Tax Shari 340 Pursuant to Section 31 W3110 903110 RPTTF 451 555 451,555 W3,110
1 St Contractual-PaImSprings Unified School Distnet Palm S ri s Unified School District Tax Sharma Pursuant to Section 33401 184829 184829 RPTTF 184829 184829
16 Contractual-College of the Desert College of the Desert Tax Ensure Pursuant to Section 33401 52,756 52,756 RPTTF 52,756 52,756
1] Contractual-County C(fca of Education Courts,Office of Education Tex Sharing Pursuant to Section 33401 31,109 31,109 RPTTF 31,109 31,109
18 Contractual-Riversitle County Flood Combat Riverside County Flood Control Tax Sharing Pursuant to Section 33401 60746 60746 RPTTF 43,812 16934 60]46
19 Cornestual-Cemrta Distinct Cemeta District Tax Shari. Pursuant to Section 33401 919 919 RP F 919 919
20 Contractual-Mosquito Abatement District Measurer Abatement Distrct Tax Shenrad Pursuant to Section S3401 0 0 RPTTF 0 0
21 Contractual-Coachella Valley Water District Coachella Vallev Water District TuSlrannaPussuart Section33401 29027 29027 RPTTF 29027 29,027
22 Contractual-Desert Water Agency Desert Water Aoonw Tax Sharing Pursuant to Section 33401 8257 8257 RPTTF 825] 825]
23 Contractual-Desert Water Agency DS Override Dosed Water A enc Tax Shari. Pursuant W Section 33401 102528 102528 RPTTF 102528 102526
za 0
25 0
A61 0
271 0
28 0
29 0
30 0
31 0
2 0
0
0
35 0
0
3] 0
38 0
39) 0
461 D
Totals-This Page 1419170 1,419,1]0 496,367 0 1 110785 0 0 813,018 1,4191]0
RPTTF=Redevelopment Property Tax Tmst Fund
W111F=Low and Moderate Income Housing Fund
ACA=Adminlsbative Cost Allowance
V
Name of Redevelopment Agency: Community Redevelopment Agency of the City of Pat Patm Springs Page 6 of 6 Pages
Project Area(s) Low and Moderate Income Houisna Fund Obleadons
PRELIMINARY DRAFT OF INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
-TogrOcTsTanding
Debt or Obligation
as of June 30, Total Due Dud, Source of Pa enls b month
Pm act Name/Debi Obli adon Pa ee Desch lion 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 Bonn 5,030 290 834352 LMIHF/RMF 368 M4 465,518 465,518
2 Housi Pro'ects and Pr rams To Be Determined Restricted Sale Proceeds to be used for Low 162 630 162 630 LMIHF 162 630 162.830
3 20%Housi Set ASHa Law Mod Housi Fund Housin Pro'acts and Pr rams 1,621,100 1,621,100 RPTTF 1621100 tfi21,100
4 Ni hle ale Manor Improvements Low Mod HousingFund Low Mod Housi Praised80000 60000 LMIHF 60.000 60.000
5 Sunset Palms Apartments Low Mod Housi Fund Low Motl Housin Pro act t500000 1500000 LMIHF 1,500000
6 NlntliaNSan Rafael Project Low Mod HousingFund Low Mod Hcus inn Pruett 4.500 4,500 LMIHF 469 4 4
] Coo erativeAgreement Cityof Palms 031 031
rin s Salaries and Benefits 6,000,000 232689 ACA 118289 19400 19.400 19.400 19400 19400 19031 116.400
031
B Coo arativeA Agreement C' of Palms rin s Insurance 35,660 1,783 ACA 892 1 446 446 1 892
9__j Cooperative Agreement City of PalmSpring. Administrative Cha as 1,195.800 59790 ACA 29895 14948 14948 29.896
10 Coolserative Alarratmearnt City of Pet.Spring. Materials and Supplies 152 400 ]
11 Coo rativ.Agreement Ci of PalmSadden Buitdin 820 ACA 2286 889 889 889 889 889 689 5 334
Rental 20000 1620 ACA 1286
12 Contract Services-Audit Lance SollB Lun M1eN AWit Services 25,000 1000 ACA 608 1 394 1 394
13 Bond Trustee Fees Bank of New York Mellon Trust Trustee Fees 22,00 2120 ACA 2120
14 Contract Services-Fireaned! Harrell B Connan Advisors Bond Disclosure and!Financial Analysis 20,000 2000 ACA 500 500 500 500 2,000
15 6ConVacl Services-00wre. .de tecalc Various Various Conyoulting Services 50.000 5000 ACA 100o 1000 1M 1000 1000 Stipp
1
i]
18
19
20
21
22)
23
24
25
PE2]
28
29
30
31
32
33
34
35
36
3]
39
40
Tousle-This Page $ 15,899,360.00 4,495,584 2,022.391 2,106907 1 37,183 1 22.183 1 21,789 38683 248,450 2,4]3,195
RPTTF=Redevelopment Proleady Tax Trust Fund ••Includes Bond Debt Service Due In August and September 2012
LMIHF=Low and Moderate Income Housing Fund
ACA=Administrative Cost Allowance
Name of Redevelopment Agency. SOS Redevelopment Agency Page 1 of 1 Pages
Project Area(s) All
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AS 26-Section 34167 and 34169(*)
Total Outstanding Total Due During Pa ments by Month
Fri Name/Debt Obligation Payee Description Debt or Obliklation Fiscal Year Au " Set Oct Nov Dec Total
1 1999 Tex 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 $ 220,000.00
2 1999 Tax Allocation Bands Series B Bank of New York Bonds issue to fund housing pro acts 2,472.000,00 110.000,00 55.000.00 $ 55,000.00
3 2005 Tax Allocation Bonds Bank of Zurich Bonds issue to fund non-housing ro'ects 32,660,000.00 2,675,00000 1,337,500.00 $ 1.337,500,00
4 State CaIHFA Loan CaIHFA Loan for affordable housing roact 1,790,000.00 200.000.00 100,000.00 $ 100,000.00
5 City Loan entered into on 6/30/1987 City of SOS Loan for public works project 5,100,000.00 500.000001 600,000.00 $ 500,000.00
6 OPA Developer XYZ IT..increment reimbursement 5,000,000.00 250.000001 125,000.00 $ 125,000.00
7 Contract for construction KLM Construction Construct road intersection 100,000.00 100,000 00 25,000.00 25,000,00 1 25,000.00 $ 75.000.00
8 Contract for consulting services Coot Consulting Inc Project administration 10,000.00 10,000.00 5,000.00 1,00000 $ 6,00000
9 Lease of Office Space Coldwell Banker Offices ace rent 60,00000 15,000.00 1,250.00 1,250.00 1,250.00 125000 $ 5.000.00
0 Employee Costs Employees of Agency Payroll for employees 500,000.00 500,000.00 20,000,00 41,666.67 41,66667 41,666.67 41,666.67 $ 186666.68
1 A enc insurance costs Protect O Insurance Errors and omissions insurance 12.000.00 1,000.00 1,000 00 1.000.00 1,000,00 1,000 00 $ 5.000.00
2 $
3 $
4 $
5 $
6 $
7 $
8 $
9 $
0 $
1 $
2 $
3 $
4 $
5 $
6 $
7 $
8 $
9 $
0 $
Totals-This Page $ 57,580,000.00 $ 4,813,000.00 $ 21.000.00 $ 43,91667 $ 1.681.416.67 $ 73,916.67 $ 794,916.67 $ 2,615,166.68
Totals-Page 2 $ 9,353,947.00 $ 3180,395.00 #REFI #REFI #REFI #REFI #REF! $ 549,510.00
Totals-Page 3 #REF! #REF! #REFI #REF! #REF! #REFI #REFI I #REFI
Totals-Page 4 $ $ $ _ $ _ $ _ $ _ $ $
Totals-Other Obligations $ 102321,000.00 $ 3756800.00 1$ $ $ I$ $ 1878400.00 $ 1878400.00
Totals-All Pages #REFI #REF! #REFI #REF! #REF! #REF! #REFI #REFI
This Enforceable Obligation Payment Schedule(EOPS)is to be adopted by the redevelopment agency no later than late August.It is valid through 12/31/11.It Is the basis forthe Preliminary Draft
Recognized Obligation Payment Schedule(BOPS),which must be prepared by the dissolving Agency by 9130111.(The draft ROPS must be prepared by the Successor Agency by 11130111.)
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.
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Name of Redevelopment Agency: Pagel of Pages
Project Area(s)
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(*)
Total Outstanding Total Due During Payments by month
Project Name l Debt Obligation Payee Description Debt or Obligation Fiscal Year Aug** Set Oct Nov Dec Total
1 Section 33676 Payments Comm Colle a Payments per former CRL 33676 1,866,000,00 50,400.00 25200,00 $ 25,200.00
2 Section 33676 Payments County Office of Ed Payments per former CRL 33676 1.248 000,00 34,000.00 17,000.00 $ 17,000.00
31 Section 33676 Payments Unified SD Payments per former CRL 33676 1,248,000,00 34,000.00 17000.00 $ 17,000.00
41 Pass Through A reement County Payments per former CRL 33401 76000000.00 3156,000.00 1,578000.00 $1,578000.00
51 Pass Through A reement County Cemetary Payments per former CRL 33401 840000,00 1 35000.00 17500A0 $ 17,500A0
61 Pass Through A reement Flood Control Dist Payments per former CRL 33401 2.352000.00 97,000.00 48500.00 $ 48,500.00
7 Statutory Payments city Payments per CRL 33607.5 and.7 4,465000.00 66,000.00 33000.00 $ 33000.00
8) Statutory Payments Mosquito Abetment Payments per CRL 33607.5 and.7 213 000.00 2,000.00 1,000.00 $ 1,000.00
91 Statutory Payments Unified SD Payments per CRL 33607.5 and.7 8270000.00 81,000.00 40500.00 $ 40500.00
101 Statutory Payments Comm Colle a Payments per CRL 33607.5 and.7 1,022000.00 10,000.00 5,000,00 $ 5000.00
11) Statutory Payments County Once of Ed Payments per CRL 33607.5 and.7 683000.00 7,000.00 3500.00 $ 3500.00
121 Section 33676 Payments Comm College Payments per former CRL 33676 11866000.00 50,400.00 25200.00 $ 25200.00
131 Section 33676 Pa menis County Office of Ed Payments per former CRL 33676 1,248,000,00 34,000.00 17,000.00 $ 17 000.00
14) Housing Fund Deficit City housing fund Repayment for housing fund 1.000000,00 100000.00 50,000.00 $ 50,000.00
15) $
16) $
17) $
18) $
19) $
20) $
21) $
22) $
23) $
241 $
25) $
26) $
271 $
28i $
Totals-Other Obll atlons $102,321000.00 $ 3,756,800.00 1 E Is Is $ 1878,400.00 $1,878400.00
This Enforceable Obligation Payment Schedule(EOPS)Is to be adopted by the redevelopment agency no later than late August.It is valid through 12/31111.It is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule CROPS),which must be prepared by the dissolving Agency by 9130111.(The draft ROPS must be prepared by the Successor Agency by 11130/11.)
If an agency adopts a continuation ordinance per ABX1 27,this ED PS 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.
All payment amounts are estimates
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