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Home My WebLink About13A ROPS Report in States FormatRecognized Obligation Payment Schedule (ROPS 21-22) - Summary Filed for the July 1, 2021 through June 30, 2022 Period Successor Agency: Palm Desert County: Riverside Current Period Requested Funding for Enforceable Obligations (ROPS Detail) A Enforceable Obligations Funded as Follows (B+C+D) B Bond Proceeds C Reserve Balance D Other Funds E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) F RPTTF G Administrative RPTTF H Current Period Enforceable Obligations (A+E) Certification of Oversight Board Chairman: 21-22A Total (July - December) 21-22B Total ROPS 21-22 (January - Total June) $ 132,818 $ 133,947 $ 266,765 132,818 $ 20,257,245 20,000,040 257,205 133,947 $ 13,585,786 13,328,311 257,475 266,765 $ 33,843,031 33,328,351 514,680 $ 20,390,063 $ 13,719,733 $ 34,109,796 Name Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency. /s/ Signature Title Date Palm Desert Recognized Obligation Payment Schedule (ROPS 21-22) - ROPS Detail July 1, 2021 through June 30, 2022 A B C D E F G H 1 J K Agreement Agreement Total Item Obligation Project ROPS Fund Sources Project Name Execution Termination Payee Description Outstanding Retired # Type Date Date Area Obligation 21-22 Total Bond Reserve Other Admin Total Proceeds Balance Funds RPTTF RPTTF L M N O P Q R ROPS 21-22A (Jul - Dec) 21-22A Bond Proceeds Reserve Balance S T U V ROPS 21-22B (Jan - Jun) Fund Sources 21-22B Total Other Funds RPTTF $632,584,326 $34,109,796 $- $- $132,818 $20,000,040 $257,205 $20,390,063 $-I $-I$133,947I$13,328,311 9 Indian Litigation 02/27/ 02/27/2039 Indian Judgement 1 7,374,438 N $139,674 - 69,837 - $69,837 - - - 69,837 Springs 2009 Springs related to Stipulated Mobilehome ISMHP Agreement Park 32 Stipulated Judgement Case No. 51124 Litigation 11/20/ 1991 11/25/2032 Various Duties required under said court order. Desert Rose, Etc. PDHA subsidy for 1,100 Afford Units 1 221,173,384 $- $- Admin RPTTF $257,475 $13,719,733 - $69,837 W $- 43 Agency Property 07/01/ 06/30/2022 Utilities, Agency 1 450,000 N $150,000 52,500 - $52,500 - - - 97,500 - $97,500 Owned Maintenance 2013 Maint owned Properties Services, properties HOA Dues, monthly Etc. carrying costs prior to disposition. 44 Additional Fees 07/01/ 06/30/2022 Willdan Additional 1 30,000 N $1,500 750 $750 - - - 750 - $750 Disclosures 2013 disclosures on TAB's that will be required to report changes in the allocation of tax increment and the payment on tax allocation bonds due to AB 26. These disclosures would not have been necessary without this legislative change. 56 2003 Tax Bonds 03/12/ 08/01/2033 US Bank Semi -Annual 2 21,746,800 N $769,006 384,503 - $384,503 - - 384,503 - $384,503 A B C D E F G H 1 J Agreement Agreement Total Item Obligation Project ROPS Fund Sources Project Name Execution Termination Payee Description Outstanding Retired # Type Date Date Area Obligation 21-22 Total Bond Reserve Other Proceeds Balance Funds RPTTF K L M N 0 IP Q R ROPS 21-22A (Jul - Dec) 59 60 61 Allocation Bond Issue - $15,745,000 North Sphere Hotel land North Sphere Property Acquisition City Loan for formation of Project Area No. 2- 1986 Issued On or Before 12/ 31/10 City/County Loan (Prior 06/28/11), Cash exchange City/County Loan (Prior 06/28/11), Cash exchange City/County Loan (Prior 06/28/11), Cash exchange 2003 03/23/ 1995 03/13/ 1997 12/05/ 1986 07/15/2038 07/15/2038 07/15/2038 City of Palm Desert City of Palm Desert City of Palm Desert Debt Service Payment Balance due Property Acquisition Loan for Property Acquisition Formation of PA/Prop Acquisition 2 2 2 5,235,436 7,783 7,890,000 $5,235,436 $7,783 $- 5,235,436 7,783 Admin RPTTF 21-22A Total $5,235,436 $7,783 $- Bond Reserve Other Proceeds Balance Funds S T U ROPS 21-22B (Jan - Jun) Fund Sources 21-22B Total RPTTF Admin RPTTF $- $- $- 86 Stipulated Litigation 11/20/ 07/15/2038 Various Duties 2 63,072,039 N $- $- - - $- Judgement 1991 required Case No. under said 51124 court order. Vineyards, Emerald Brook (Palm Desert 103) PDHA subsidy for 1,100 Afford Units 119 Stipulated Litigation 11/20/ 07/15/2038 Various Duties 3 16,602,589 N $- $- - - $- Judgement 1991 required Case No. under said 51124 court order. Falcon Crest Afford Housing Dev Homeowners at lots 1 through 93, et al. PDHA Subsidy for 1,100 Affordable Units 160 Stipulated Litigation 11/20/ 07/15/2038 Various Duties 4 49,236,464 N Judgement 1991 required Case No. under said $- A B C D E F G H 1 J Agreement Agreement Total Item Obligation Project ROPS Fund Sources Project Name Execution Termination Payee Description Outstanding Retired # Type Date Date Area Obligation 21-22 Total Bond Reserve Other Proceeds Balance Funds RPTTF K L M N 0 P Q R S ROPS 21-22A (Jul - Dec) 51124 court order. PDHA subsidy for 1,100 Affordable Units 177 North Sphere City/County 03/23/ 07/15/2032 City of Palm Balance due 1 11,418 N $11,418 Property Loan (Prior 1995 Desert Property Acquisition 06/28/11), Acquisition Cash (Eligible exchange upon receipt of FOC) 178 North Sphere City/County 08/16/ 07/15/2032 City of Palm Balance due 1 1,647,720 N $1,647,720 Property Loan (Prior 1999 Desert Property Acquisition 06/28/11), Acquisition Cash (Eligible exchange upon receipt of FOC) 179 North Sphere City/County 08/16/ 07/15/2038 City of Palm Balance due 2 10,346 N $10,346 Property Loan (Prior 1999 Desert Property Acquisition 06/28/11), Acquisition Cash (Eligible exchange upon receipt of FOC) 189 Project Area Admin Costs 11/25/ 07/19/2044 Various Allowable 1-4 8,033,143 N $781,445 Administration 1981 Costs per Admin Plan - staff, utilities, professional services, etc. 190 Costs Property 07/01/ 06/30/2022 City of Palm Remediation 1-4 350,000 N $60,000 Associated Dispositions 2013 Desert of Health with and Safety Disposition of Issues and Assets costs related to sale of properties owned by former RDA 192 2017 NHA Bonds 01/23/ 10/01/2033 US Bank Semi -Annual 1-4 53,843,500 N $5,184,000 Tax Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $52,390,000 193 2017 NHB Bonds 01/23/ 10/01/2041 US Bank Semi -Annual 1-4 149,619,444 N $13,063,900 Tax Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $140,130,000 Admin RPTTF T U V w ROPS 21-22B (Jan - Jun) 21-22A Fund Sources 21-22B Total Total Bond Reserve Other Proceeds Balance Funds RPTTF Admin RPTTF 11,418 $11,418 - - - $- - 1,647,720 - $1,647,720 - - - $- 10,346 - $10,346 - - - - - $- - 132,818 - 257,205 $390,023 25,000 $25,000 - 2,596,500 - $2,596,500 - 6,433,319 - $6,433,319 - 133,947 - 257,475 $391,422 - 35,000 - $35,000 - 2,587,500 - $2,587,500 - 6,630,581 - $6,630,581 A B C D E F G H 1 J K L M N 0 IP Q R Agreement Agreement Total Item Obligation Project ROPS Project Name Execution Termination Payee Description Outstanding Retired # Type 21-22 Total Date Date Area Obligation 194 2017 HA Tax Bonds 01/23/ 10/01/2031 US Bank Semi -Annual HA Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $7,365,000 195 2017 HB Tax Bonds 01/23/ 10/01/2023 US Bank Semi -Annual HA 18,859,656 N $6,365,675 Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $45,815,000 ROPS 21-22A (Jul - Dec) Fund Sources 21-22A S T U ROPS 21-22B (Jan - Jun) Fund Sources 21-22B Bond Reserve Other Admin Total Bond Reserve Other Admin Total Proceeds Balance Funds RPTTF RPTTF Proceeds Balance Funds RPTTF RPTTF 7,390,166 N $681,893 342,384 $342,384 - - 339,509 - $339,509 - 3,182,544 - $3,182,544 - 3,183,131 - $3,183,131 Palm Desert Recognized Obligation Payment Schedule (ROPS 21-22) - Report of Cash Balances July 1, 2018 through June 30, 2019 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (I), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. A B ROPS 18-19 Cash Balances (07/01/18 - 06/30/19) C D Bond Proceeds Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 E Fund Sources Reserve Balance F Other Funds G RPTTF Prior ROPS RPTTF and Reserve Rent, grants, Non-Admin Balances retained interest, etc. and Admin for future period(s) H Comments 1 Beginning Available Cash Balance (Actual 07/01/18) RPTTF amount should exclude "A" period distribution amount. 2 Revenue/Income (Actual 06/30/19) RPTTF amount should tie to the ROPS 18-19 total distribution from the County Auditor -Controller 3 Expenditures for ROPS 18-19 Enforceable Obligations (Actual 06/30/19) 4 Retention of Available Cash Balance (Actual 06/30/19) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 18-19 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 18-19 PPA form submitted to the CAC 1,218,433 1,923,097 283,682 Line G5 from PY Cash Balance plus bal not shown on other funds last year 3,711,063 32,347,416 Includes PMP Sales, Interest, and RPTTF Dep 457,433 3,865,525 761,000 1,635,817 No entry required 32,213,469 Include PMP Sales Proceeds to CAC, reduction to energy investment, permitted amounts from other on 18/19 ROPS, ROPS 283,682 *DDR/Other Restricted Cash: Energy Investment ($761,000)/($51,953)/Reso 119/($1,136,539) distributed from balance in 19/20 distribution/($731,007) distributed from balance in 20/21 133,947 Amount remaining matches PPA Pursuant to Health and Safety Code section 34177 (I), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. A B C D E F G H Fund Sources ROPS 18-19 Cash Balances (07/01/18 - 06/30/19) Bond Proceeds I Reserve Balance Other Funds RPTTF Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS RPTTF and Reserve Rent, grants, Non-Admin Balances retained interest, etc. and Admin for future period(s) Comments 6 Ending Actual Available Cash Balance (06/30/19) Cto F=(1 +2-3-4), G=(1 +2-3-4-5) $- $- $- $132,818 $- Amount remaining from other funds Item # 9 Palm Desert Recognized Obligation Payment Schedule (ROPS 21-22) - Notes July 1, 2021 through June 30, 2022 Notes/Comments 32 43 44 56 59 60 61 86 119 160 177 178 179 189 190 192 193 194 195