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Home My WebLink About05 Supplemental - ROPS 22-23 1.7.22 RevRecognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Successor Agency: Palm Desert County: Riverside Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 22-23A Total (July - December) 22-23B Total (January - June) ROPS 22-23 Total A Enforceable Obligations Funded as Follows (B+C+D) $ 67,500 $ 61,071 $ 128,571 B Bond Proceeds - - - C Reserve Balance - - - D Other Funds 67,500 61,071 128,571 E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 13,600,931 $ 14,184,442 $ 27,785,373 F RPTTF 13,208,311 13,784,593 26,992,904 G Administrative RPTTF 392,620 399,849 792,469 H Current Period Enforceable Obligations (A+E) $ 13,668,431 $ 14,245,513 $ 27,913,944 Certification of Oversight Board Chairman: Name Title 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 Date Palm Desert Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023 A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 22-23 Total ROPS 22-23A (Jul - Dec) 22-23A Total ROPS 22-23B (Jan - Jun) 22-23B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $241,957,999 $27,913,944 $- $- $67,500 $13,208,311 $392,620 $13,668,431 $- $- $61,071 $13,784,593 $399,849 $14,245,513 9 Indian Springs Stipulated Agreement Litigation 02/27/ 2009 02/27/2039 Indian Springs Mobilehome Park Judgement related to ISMHP 1 7,234,765 N $139,674 - - - 69,837 - $69,837 - - - 69,837 - $69,837 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 - N $- - - - - - $- - - - - - $- 43 Agency Owned Properties Property Maintenance 07/01/ 2013 06/30/2023 Utilities, Maint Services, HOA Dues, Etc. Agency owned properties monthly carrying costs prior to disposition. 1 450,000 N $135,000 - - 67,500 - - $67,500 - - 61,071 6,429 - $67,500 44 Additional Disclosures on TAB's Fees 07/01/ 2013 06/30/2042 Willdan Additional disclosures 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. 1 30,000 N $1,500 - - - 750 - $750 - - - 750 - $750 A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 22-23 Total ROPS 22-23A (Jul - Dec) 22-23A Total ROPS 22-23B (Jan - Jun) 22-23B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF 56 2003 Tax Allocation Bond Issue - $15,745,000 Bonds Issued On or Before 12/ 31/10 03/12/ 2003 08/01/2033 US Bank Semi-Annual Debt Service Payment 2 20,977,794 N $1,644,007 - - - 384,503 - $384,503 - - - 1,259,504 - $1,259,504 59 North Sphere Hotel land City/County Loan (Prior 06/28/11), Cash exchange 03/23/ 1995 07/15/2038 City of Palm Desert Balance due Property Acquisition 2 - N $- - - - - - $- - - - - - $- 60 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 03/13/ 1997 07/15/2038 City of Palm Desert Loan for Property Acquisition 2 - N $- - - - - - $- - - - - - $- 61 City Loan for formation of Project Area No. 2- 1986 City/County Loan (Prior 06/28/11), Cash exchange 12/05/ 1986 07/15/2038 City of Palm Desert Formation of PA/Prop Acquisition 2 - N $- - - - - - $- - - - - - $- 86 Stipulated Judgement Case No. 51124 Litigation 11/20/ 1991 07/15/2038 Various Duties required under said court order. Vineyards, Emerald Brook (Palm Desert 103) PDHA subsidy for 1,100 Afford Units 2 - N $- - - - - - $- - - - - - $- 119 Stipulated Judgement Case No. 51124 Litigation 11/20/ 1991 07/15/2038 Various Duties required under said court order. Falcon Crest Afford Housing Dev - Homeowners at lots 1 through 93, et al. PDHA Subsidy for 1,100 Affordable Units 3 - N $- - - - - - $- - - - - - $- 160 Stipulated Litigation 11/20/07/15/2038 Various Duties 4 - N $- - - - - - $- - - - - - $- A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 22-23 Total ROPS 22-23A (Jul - Dec) 22-23A Total ROPS 22-23B (Jan - Jun) 22-23B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Judgement Case No. 51124 1991 required under said court order. PDHA subsidy for 1,100 Affordable Units 177 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 03/23/ 1995 07/15/2032 City of Palm Desert Balance due Property Acquisition (Eligible upon receipt of FOC) 1 - N $- - - - - - $- - - - - - $- 178 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 08/16/ 1999 07/15/2032 City of Palm Desert Balance due Property Acquisition (Eligible upon receipt of FOC) 1 - N $- - - - - - $- - - - - - $- 179 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 08/16/ 1999 07/15/2038 City of Palm Desert Balance due Property Acquisition (Eligible upon receipt of FOC) 2 - N $- - - - - - $- - - - - - $- 189 Project Area Administration Admin Costs 11/25/ 1981 07/19/2044 Various Allowable Costs per Admin Plan- staff, utilities, professional services, etc. 1-4 8,033,143 N $792,469 - - - - 392,620 $392,620 - - - - 399,849 $399,849 190 Costs Associated with Disposition of Assets Property Dispositions 07/01/ 2013 06/30/2023 City of Palm Desert Remediation of Health and Safety Issues and costs related to sale of properties owned by former RDA 1-4 350,000 N $25,000 - - - 12,500 - $12,500 - - - 12,500 - $12,500 192 2017 NHA Tax Allocation Refunding Bond Issue - $52,390,000 Bonds Issued After 12/31/10 01/23/ 2017 10/01/2033 US Bank Semi-Annual Debt Service Payment 1-4 48,727,000 N $3,855,125 - - - 2,587,500 - $2,587,500 - - - 1,267,625 - $1,267,625 193 2017 NHB Tax Allocation Bonds Issued After 01/23/ 2017 10/01/2041 US Bank Semi-Annual Debt Service 1-4 136,868,044 N $14,266,844 - - - 6,630,581 - $6,630,581 - - - 7,636,263 - $7,636,263 A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 22-23 Total ROPS 22-23A (Jul - Dec) 22-23A Total ROPS 22-23B (Jan - Jun) 22-23B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Refunding Bond Issue - $140,130,000 12/31/10 Payment 194 2017 HA Tax Allocation Refunding Bond Issue - $7,365,000 Bonds Issued After 12/31/10 01/23/ 2017 10/01/2031 US Bank Semi-Annual Debt Service Payment HA 6,715,772 N $680,769 - - - 339,509 - $339,509 - - - 341,260 - $341,260 195 2017 HB Tax Allocation Refunding Bond Issue - $45,815,000 Bonds Issued After 12/31/10 01/23/ 2017 10/01/2023 US Bank Semi-Annual Debt Service Payment HA 12,571,481 N $6,373,556 - - - 3,183,131 - $3,183,131 - - - 3,190,425 - $3,190,425 Palm Desert Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances July 1, 2019 through June 30, 2020 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (l), 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 ROPS 19-20 Cash Balances (07/01/19 - 06/30/20) Fund Sources Comments Bond Proceeds 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 Balances retained for future period(s) Rent, grants, interest, etc. Non-Admin and Admin 1 Beginning Available Cash Balance (Actual 07/01/19) RPTTF amount should exclude "A" period distribution amount. 761,000 1,635,817 133,947 Prior Year Cash Balance (G5) 2 Revenue/Income (Actual 06/30/20) RPTTF amount should tie to the ROPS 19-20 total distribution from the County Auditor-Controller 56,832 185,967 34,787,880 Includes PMP Sales, Interest Earning, Lit Deposit and RPTTF Deposit 3 Expenditures for ROPS 19-20 Enforceable Obligations (Actual 06/30/20) 93,000 916,970 34,700,298 Includes PMP Sales Proceeds to CAC, reduction to energy investment, permitted amounts from other on 18/19 ROPS, ROPS 4 Retention of Available Cash Balance (Actual 06/30/20) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 724,832 863,825 133,947 DDR/Other Restricted Cash: Energy Investment ($668,000)/Litigation Deposit ($56,832)/Amt Distributed from Balance in 20/ 21 ($731,007)/Amt Distributed from Balance in 21/22 ($266,765) 5 ROPS 19-20 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 19-20 PPA form submitted to the CAC No entry required Pursuant to Health and Safety Code section 34177 (l), 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 ROPS 19-20 Cash Balances (07/01/19 - 06/30/20) Fund Sources Comments Bond Proceeds 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 Balances retained for future period(s) Rent, grants, interest, etc. Non-Admin and Admin 6 Ending Actual Available Cash Balance (06/30/20) C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) $- $- $- $40,989 $87,582 Matches PPA Palm Desert Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023 Item # Notes/Comments 9 32 43 44 56 59 60 61 86 119 160 177 178 179 189 190 192 193 194 195