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Home My WebLink About06/26/2012 POSTED AGENDA SPECIAL MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY TUESDAY, JUNE 26, 2012 — 1:30 P.M. ADMINISTRATIVE CONFERENCE ROOM - PALM DESERT CIVIC CENTER 73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260 This Oversight Board has been created pursuant to§34161 through 34190 of the Heaith and Safety Code for the sole purpose of overseeing the actions of the Successor Agency to the Palm Desert Redevelopment Agency. In accordance with Health and Safety Code§34179(h),all Oversight Board actions shall not be effective for three business days,pending a request for review by the State Department of Finance("Department"). In the event that the Department requests a review of a given Oversight Board action,it shall have 10 days from the date of its request to approve the Oversight Board action or retum it to the Oversight Board for reconsideration,and such Oversight Board action shall not be effective until approved by the Department. In the event that the Department retums the Oversight Board action to the Oversight Board for reconsideration,the Oversight Board shall resubmit the modified action for Department approval,and the modified Oversight Board action shall not become effective until approved by the Department. Reports and documents relating to each of the following items listed on the agenda, including those received following posting/distribution, are on file in the Office of the Secretary to the Successor Agency to the Palm Desert Redevelopment Agency/Palm Desert City Clerk and are available for public inspection during normal business hours, Monday - Friday, 8:00 a.m. - 5:00 p.m., 73510 Fred Waring Drive, Palm Desert, CA 92260, telephone(760) 346-0611. Please contact the Office of the Secretary of the Successor Agency to the Palm Desert Redevelopment Agency, 73510 Fred Waring Drive, Palm Desert, CA 92260, (760) 346-0611, for assistance with access to any of the Agenda, Materials, or participation at the meeting. I. CALL TO ORDER II. ROLL CALL II1. ORAL COMMUNICATIONS A. Any person wishing to discuss any item not on the agenda may address the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency at this point by giving his/her name and address for the record. Remarks shall be limited to a maximum of three (3) minutes unless the Oversight Board authorizes additional time. B. This is the time and place for any person who wishes to comment on agenda items. It should be noted that at the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency's discretion,these comments may be deferred until such time on the agenda as the item is discussed. Remarks shall be limited to a maximum of three(3) minutes unless the Oversight Board authorizes additional time. POSTED AGENDA JUNE 26, 2012 ` SPECIAL MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY IV. APPROVAL OF MINUTES A. MINUTES of the June 4, 2012, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Rec: Approve as presented. Action: V. NEW BUSINESS A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY. Rec: Receive and file the Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meeting of May 24, 2012. Action: B. REPORT ON THE EXECUTIVE DIRECTOR'S EXECUTED CONTRACTS FOR JUNE 2012 FOR ROUTINE MAINTENANCE AND EMERGENCY MAINTENANCE SERVICES FOR AGENCY PROPERTIES PER OBLIGATIONS LISTED ON THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS). Rec: Receive and file. Action: C. REQUEST FOR AUTHORIZATION FOR EXECUTIVE DIRECTOR AND STAFF TO NEGOTIATE WITH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (UCR) TO EXERCISE THEIR EXISTING OPTION AGREEMENT FOR ADDITIONAL LAND ADJACENT TO THE EXISTING UCR-PALM DESERT CAMPUS. Rec: Authorize the Executive Director and staff to negotiate with the Regents of the University of California (UCR)to exercise their Option Agreementforthe additional land adjacent to the existing UCR-Palm Desert Campus. Action: 2 ' POSTED AGENDA JUNE 26, 2012 SPECIAL MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY D. REQUEST FOR APPROVAL OF SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY RESOLUTION NO. SA-RDA 008, APPROVING REVISIONS TO"EXHIBIT A"OF RESOLUTION NO. SA-RDA 007, THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2012, THROUGH DECEMBER 31, 2012, TO INCLUDE THE FUNDING SOURCE FOR SPECIFIC LINE ITEMS. Rec: Approve Resolution No. SA-RDA 008, approving revisions to "Exhibit A" of Resolution No.SA-RDA 007,the Recognized Obligation Payment Schedule for the period of July 1, 2012, to December 31, 2012 ("ROPS2"), more specifically, Project Area #1 Line Items 1, 2, 3, 4, 5, 7, 8, 10, 25, and 33; Project Area#2 Line Items 1, 2, 3, 8, and 45; Project Area#3 Line Items 1, 2, 3, and 25; and Project Area#4 Line Items 1, 2, 3, 4, and 27, all to include the specific funding source. Action: VI. CONTINUED BUSINESS None VII. OLD BUSINESS None VIII. REPORTS AND REMARKS A. CHAIR B. MEMBERS OF THE OVERSIGHT BOARD IX. ADJOURNMENT I hereby certify, under penalty of perjury under the laws of the State of California, that th�foregoing agenda for the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency was posted on the City Hall bulletin board not less than 24 hours prior to the meeting. Date this 20th day of June, 2012. Ra elle . Klassen, Sec tary of the Successor Agency to the Palm Desert Redevelopment Agency 3 � DRAFT PRELIMINARY MINUTES DRAFT REGULAR MEE�'ING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MONDAY, JUNE 4, 2012 — 1:30 P.M. ADM/NISTRAT/VE CONFERENCE ROOM- PALM DESERT CIV/C CENTER 73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260 This Oversight Board has been created pursuant to§34161 through 34190 of the Health and Safety Code for the sole purpose of overseeing the actions of the Successor Agency to the Palm Desert Redevelopment Agency. In accordance with Health and Safety Cotle§34179(h),all Oversight Board actions shail not be effective for three business tlays,pending a request for review by the State Department of Finance("DepartmenY'). in the event that the Department requests a review of a given Oversight Board action,it shall have 10 days from the date of its request to approve the Oversight Board action or return it to the Oversight Board for reconsideration, and such Oversight Boartl action shail not be effective until approved by the Department. In the event that the Department returns the Oversight Board action to the Oversight Boartl for reconsideration, the Oversight Board shall resubmit the modified action for Department approval,and the modified Oversight Board action shaii not become effective until approved by the Department. I. CALL TO ORDER With Oversight Board concurrence, Member Patricia A. Larson was named Acting Chair for this Meeting in the absence of Chair Robert A. Spi el. She onvened the meeting at 1:35 p.m. �� $Y�WERSIGHT B4ARD ON II. ROLL CALL VERIFIED By Present: Original on fil�r�,;��,h,�e�'s Office Member Heather Buck (Palm Desert RDA former Employee) � `-�' ��- � , p�,g,�,,N� Member Bill Carver(representing Riverside County) �� 6�r � ' Member Edwin Deas (COD, representing Chancellor of California Community Colleges) Member Peggy Reyes (DSUSD, representing Riverside County Office of Education) Acting Chair Patricia A. Larson (representing Coachella Valley Water District) Absent: Member Lisa Brandl (representing Riverside Co. Board of Supervisors) Chair Robert A. Spiegel (Mayor, City of Palm Desert) Also Present: John M. Wohlmuth, Executive Director of the Successor Agency-Palm Desert RDA William L. Strausz, Richards, Watson & Gershon, Successor Agency Counsel Paul S. Gibson, Finance Officer Janet M. Moore, Director of Housing Mark Greenwood, Director of Public Works Martin Alvarez, Redevelopment Manager David Hermann, Management Analyst/Publi�C Information Officer Rachelle D. Klassen, Secretary, Successor Agency-Palm Desert RDA � . � PRELIMINARY MINUTES D R A F T JUNE 4, 2012 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY III. ORAL COMMUNICATIONS None IV. APPROVAL OF MINUTES A. MINUTES of the May 7, 2012, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. On a motion by Member Carver, second by Member Buck, and 5-0 vote of the Oversight Board, with Brandl and Spiegel ABSENT, the Minutes were approved as presented. V. NEW BUSINESS A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY. Member Deas moved to receive and file the Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meetings of April 26 and May 10, 2012. Motion was seconded by Member Carver and carried by 5-0 vote, with Brandl and Spiegel ABSENT. B. DEPARTMENT OF FINANCE LETTER TO PALM DESERT REGARDING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) — ROPS1 AND ROPS2. Staff inembers referred to materials in the agenda packet and provided a brief oral report. Member Buck moved to receive and file the letter and supporting documents. Motion was seconded by Member Carver and carried by 5-0 vote, with Brandl and Spiegel ABSENT. C. REQUEST FOR AUTHORIZATION TO TRANSFER THE RETENTION BASIN LOCATED O!V KANSAS STREET (APN 637-033-001) TO THE CITY OF PALM DESERT. Staff referred to the report contained in the agenda packets. Member Deas moved to authorize transferof the retention basin located on Kansas Street (APN 637-033-001)to the City of Palm Desert under Health and Safety Code Section 34181(a). Motion was seconded by Member Carver and carried by a 5-0 vote, with Brandl and Spiegel ABSENT. 2 � . . PRELIMINARY MINUTES D R A F T JUNE 4, 2012 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY Staff responded to questions about the second recommended action for this matter. Member Carver moved to authorize the Executive Director and/or Chair of the Successor Agencyto execute anydocuments necessaryto facilitate transferof the Kansas Street Retention Basin (APN 637-033-001) property to the City of Palm Desert and appoint Member Deas as designated Board Member of the Oversight Board to execute an acknowledgment on said documents, attesting to the official action taken for this matter on this date. Motion was seconded by Member Reyes and carried by 5-0 vote, with Brandl and Spiegel ABSENT. D. REQUEST FOR AUTHORIZATION TO SELL FURNITURE, FIXTURES, AND EQUIPMENT ASSETS OF THE FORMER PALM DESERT REDEVELOPMENT AGENCY AT THEIR BOOK VALUE TO THE CITY OF PALM DESERT. Staff referred to the report provided in the agenda packet. Member Buck moved to authorize sale of the Agency's share of the listed furniture, fixtures, and equipment to the City of Palm Desert for the current book value of $13,656.63. Motion was seconded by Member Carver and carried by 5-0 vote, with Brandl and Spiegel ABSENT. E. REQUEST FOR AUTHORIZATION FOR SUCCESSOR AGENCY EXECUTIVE DIRECTOR TO EXECUTE CONTRACTS UNDER $5,000 FOR ROUTINE MAINTENANCE AND EMERGENCY MAINTENANCE SERVICES FORAGENCY PROPERTIES PER OBLIGATIONS LISTED ON THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS). Staff highlighted the report provided with the agenda. Member Reyes moved to authorize the Successor Agency Executive Director to execute contracts under $5,000 for routine maintenance and emergency maintenance services for Agency properties perobligations listed on the ROPS, subjectto the Executive Director providing a report back at the following Oversight Board Meeting regarding any expenditures made under said authorization. Motion was seconded by Member Carver and carried by 5-0 vote,with Brandl and Spiegel ABSENT. F. CONSIDERATION OF OVERSIGHT BOARD JULY,AUGUST,AND SEPTEMBER 2012 MEETING SCHEDULE. Board Members and staff reviewed the upcoming meeting dates and their calendars. 3 � s � PRELIMINARY MINUTES D R A F T JUNE 4, 2012 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY Member Deas moved to set the following schedule for upcoming meetings during the summer months: 1) Tuesday, June 26, 2012, at 1:30 p.m. to take the piace of the July 2, 2012, regular meeting; 2) Monday, August 27, 2012, at 1:30 p.m.to take the place of the August 6 and September 3, 2Q12, regular meetings. Motion was seconded by Member Buck and carried by 5-0 vote, with Brandl and Spiegel ABSENT. VI. CONTINUED BUSINESS None VII. OLD BUSINESS None VIII. REPORTS AND REMARKS A. CHAI R None B. MEMBERS OF THE OVERSIGHT BOARD None IX. ADJOURNMENT With Oversight Board concurrence, Acting Chair Larson adjourned the meeting at 2:00 p.m. PATRICIAA. LARSON,ACTING CHAIR ATTEST: RACHELLE D. KLASSEN, SECRETARY OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 4 � � �s' MINUTES ,�; REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, MAY 24, 2012 CIVIC CENTER COUMCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Spiegel convened the meeting at 3:00 p.m. II. ROLL CALL , � Present: � , � h =' Director Jean M. Benson �� •� � BYOVERSIGHT BQAR,� ��` Director Cindy Finerty � ON__ C`,�-{ _2�-pl 2-� Director Jan C. Harnik _______�,_ Vice Chair William R. Kroonen vERIFIED BY�.�-- Chair Robert A. Spiegel Origina( on file with City C1erk'a Of�ce Also Present: �5�� ti- ��s Rps�'t�� John M. Wohlmuth, Executive Director David J. Erwin, City Attorney Rachelle D. Klassen, Secretary Bo Chen, City Engineer Russell Grance, Director of Building & Safety Lauri Aylaian, Director of Community Development � Paul S. Gibson, Director of Finance/City Treasurer Janet M. Moore, Director of Housing Frankie Riddle, Director of Special Programs Martin Alvarez, Redevelopment Manager Stephen Y. Aryan, Risk Manager Steve Brooker, Fire Marshal, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Bill Sullivan, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept. Mary P. LaCross, Administrative Secretary �i: r��: z l�";; � . MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MAY 24, 2012 'i��a�: r,; .�;; Fz. 111. ADJOURN TO CLOSED SESSI�JN Request for Closed Session: None On a motion by Finerty, second by Kroonen, and 5-0 vote of the Successor Agency Board of Directors, Chair Spiegel adjourned the meeting to Closed Session of the City Council at 3:04 p.m. He reconvened the meeting at 4:00 p.m. IV. RECONVENE REGULAR MEETING - 4:00 P.M. A. REPORT ON ACTION FROM CLOSED SESSION. None V. AWARDS, PRESENTATIONS, AND APPOINTMENTS None �� VI. CONSENT CALENDAR A. MINUTES of the May 10, 2012, Regular Meeting of the Board of Directors of the Successor Agency to the Palm Desert Redevelopment Agency. Rec: Approve as presented. B. CLAIMS AND DEMANDS AGAINST SUCCESSOR AGENCY TREASURY - Warrant Nos. 255RDA and 258SA. Rec: Approve as presented. Upon a motion by Finerty, second by Kroonen, and 5-0 vote of the Successor Agency Board of Directors, the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None �. r;�;:. 2 �f" • MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MAY 24, 2012 �s�` ,�. �� : Vill. RESOLUTIONS None IX. NEW BUSINESS None X. CONTINUED BUSINESS None Xi. OLD BUSINESS None XII. PUBLIC HEARINGS � ,�,� None � XIII. REPORTS, REMARKS,SUCCESSOR AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR None B. SUCCESSOR AGENCY COUNSEL None C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ORAL COMMUNICATIONS - C None t�;;. r�; �f� ;��: 3 � MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MAY 24, 2012 XV. ADJOURNMENT On a motion by Finerty,second by Kroonen, and 5-0 vote of the Successor Agency Board of Directors, Chair Spiegei adjourned the meeting at 5:58 p.m. � ,-� ,, �� , -, �, ;-' � ,/fa' , . ��: ROBERT A. \ IEG L CHAIR ATTEST: RA HE LE D. K SS , SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY �,,�..: .�; =��;;,. .,s.�;,,. � 4 � OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: RECEIVE AND FILE THE EXECUTIVE DIRECTOR'S EXECUTED CONTRACTS FOR JUNE 2012, FOR ROUTINE MAINTENANCE AND EMERGENCY MAINTENANCE SERVICES FOR OBLIGATIONS LISTED ON THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) SUBMITTED BY: Martin Alvarez, Director of Economic Development DATE: June 26, 2012 CONTENTS: Executive Director's Approval Memorandum Location Map Recommendation Receive and File: The Executive Director's summary of executed contracts for routine maintenance and emergency maintenance services for obligations listed on the Recognized Obligation Payment Schedule (ROPS). Backqround On April 9, 2012, the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency (Oversight Board) approved the ROPS which lists routine maintenance services on Successor Agency properties as an obligation. On June 4, 2012, the Oversight Board authorized the Executive Director to execute contracts under $5,000 for routine maintenance, recurring services, and emergency maintenance services required to maintain the Successor Agency properties until disposition. Below is a summary of the contracts executed by the Executive Director in the month of June for maintenance services on Successor Agency properties: Pro ert Vendor Service Cost 43-845 Portola Ave. Canyon Pools, Inc. Emergency Window Board Up $200 2 windows (com leted 5-29-12) 43-845 Portola Ave. Can on Pools, Inc. Board Up 6 Windows $495.00 43-915 Portola Ave. Can on Pools, Inc. Board Up 6 Windows $495.00 43-895 Portola Ave. Can on Pools, Inc. Board Up 2 Windows $195.00 Total $1,385.00 � ' Oversight Board Staff Report Receive and File Summary of Executed Maintenance Contracts for June 2012 June 26, 2012 Page 2 of 2 Staff recommends that the Oversight Board receive and file the June 2012 maintenance contracts for the Successor Agency owned properties. Fiscal Analvsis There is no fiscal impact as all items associated with this action are listed on the ROPS. Submitted By: � _ �� '� ' � �.�___.� in Alvarez, ane Moore, Director of Housing Director of Economic Development � ��B�r ovERs�cxT Bo� Pau S. Gibson, Director of Finance p1v (",��-�'��2��2�_ �......._ � VER�FIED BY��----- Approval: Origival on file with City Clerks Of�ice � ( 5-O� �9� � �s f�QSc�.I i� ; � � � J hn M. Wohlmuth, Executive Director `, \\srv-fil2k3\groupsVda\Martin Alvarez�2012\SRIOBSR\June2012 ED Maint-Expend.doc ' � r . + �T� CITY OF PALM DESERT � � MEMORANDUM To: John M. Wohlmuth, City Manager � From: Martin Alvarez, Director of Economic Developmen Date: June 5, 2012 Subject: Portola Property Window Board Ups On June 4, 2012, the Oversight Board authorized the Executive Director to approve contracts up to $5,000, for maintenance or emergency services on Successor Agency properties. The Successor Agency maintains three vacant single family homes located on the west side of Portola Avenue, north of Fred Waring Drive. In an effort to prevent additional window breaks and trespassing, staff recommends boarding up all rear and side yard windows. Below is a list of the individual properties and the cost to board up the windows. Canyon Pools, Inc. has submitted individual proposals for each property and is a licensed and insured vendor. The proposed expenditures are eligible to be paid out of the approved Recognized Obligation Payment Schedule, line item 43, Project Area 1. Pro ert Vendor Service Cost 43-845 Portola Ave. Canyon Pools, Inc. Emergency Window Board Up $200 2 windows com leted 5-29-12) 43-845 Portola Ave. Can on Pools, Inc. Board U 6 Windows $495.00 43-915 Portola Ave. Can on Poots, Inc. Board U 6 Windows $495.00 43-895 Portola Ave. Can on Pools, Inc. Board U 2 Windows $195.00 Re,viewed and concur: � i� � `�--.'�- , hn M. Wohlmuth, City Manager � �f you have any questions, please contact me at extension 467. �.,� Attachments:Canyon Pools, Inc. Proposals cc: Janet Moore, Director of Housing Veronica, Tapia, Accountant II Pedro Rodriguez, Senior Code Compliance Officer 1\srv-fi12k3\groups\rda\Martin Alvarez12D121Memos\Portola Props.doc I � OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: AUTHORIZE THE EXECUITVE DIRECTOR AND STAFF TO NEGOTIATE WITH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (UCR) TO EXERCISE THEIR EXISTING OPTION AGREEMENT FOR ADDITIONAL LAND ADJACENT TO THE EXISTING UCR-PALM DESERT CAMPUS SUBMITTED BY: Martin Alvarez, Director of Economic Development DATE: June 26, 2012 CONTENTS: Site Map UCR Correspondence Dated June 5, 2012 Recommendation Authorize the Executive Director and staff to negotiate with the Regents of the University of California (UCR) to exercise their Option Agreement for the additional land adjacent to the existing UCR-Palm Desert Campus. Backqround On March 22, 2001, the former Palm Desert Redevelopment Agency entered into a Disposition and Development Agreement (DDA) with the Richard J. Heckman Foundation and the Regents of the University of California, on behalf of its Riverside campus to facilitate the creation of the University of California Riverside — Palm Desert Campus and its existing facilities. The Agreement was subsequently amended on December 12, 2002. The agreement allowed the transfer of approximately 8.5 acres to the Regents of the University of California for the establishment of the International Center of Entrepreneurial Management (ICEM) and the A. Gary Anderson Graduate School of Management. After the completion of the facility improvements, the parcel was transferred to UCR for $1.00. Upon the completion of the UCR-Palm Desert improvements (Phase 1), the DDA granted UCR a 25 year option to acquire title to Parcel B, an 11.5 acre site located adjacent to the UCR-Palm Desert Campus (see site map) The agreement stipulated a requirement by UCR to demonstrate availability of funding to expand the facilities at UCR-Palm Desert Campus prior to the transfer. On June 5, 2012, the City received official notification from the Regents for the University of California requesting the opportunity to exercise their option on the 11.5 acre Parcel B pursuant to the existing DDA (see attached correspondence). UCR's interest in the parcel is in the context of their ongoing development of program opportunities for a UCR's School of Medicine at the Palm Desert Campus. 13 Oversight Board Staff Report ' Authorize Negotiations with UCR to Exercise Option Agreement for Parcel B June 26, 2012 Page 2 of 2 On May 10, 2012, the Successor Agency to the Palm Desert Redevelopment Agency authorized staff to initiate negotiations with UCR to facilitate the future transfer of the property. If the Oversight Board authorizes staff to proceed with the negotiations, the schedule below would be followed: • In July 2012, the City would meet with UCR to receive an update on the proposed development plans for Parcel B, UCR's future school of inedicine program, funding, and timing of the project. • In the Fall of 2012, the City will coordinate a University Planning Committee meeting to discuss the proposed Option for Parcel B and receive a recommendation on the project and the transfer of the property. • After this meeting, the City will begin drafting an agreement to effectuate the transfer of Parcel B to UCR with agreed upon stipulations. • The final agreement will require approval of the Successor Agency and Oversight Boards to the Palm Desert Redevelopment Agency. Staff recommends that the Oversight Board authorize the Executive Director and staff to negotiate with the Regents of the University of California (UCR) to exercise their Option Agreement for the additional land adjacent to the existing UCR-Palm Desert Campus. Fiscal Analysis There is no fiscal impact associated with this action. Submitted By: ; ` __ �( - 't � ��--L��"-�� artin Alvarez, Jan Moore, Director of Housing Director of Economic Development �v�'�� Y OVERSI�HT'BOARj� Paul S. Gibson, Director of Finance �N'—�---��-_�..(� '�ERIFIED gy Approvali: 4riginal on file with City Clerk's Qf�- i� ` � �`' � �� -S �S'E�JT 1 � �� John . Wohlmuth, Executive Director \\srv-fil2k3\groupsVda\Martin Alvarez�2012\SR\OBSR\UCR Option Parcel 6-26-1208.doc 1� RESOLUTION NO. SA - RDA 007 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AG�NCY TO THE PALM DESERT REDEVELOPMENT AGENCY APPROVING THE SECOND RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO HEALTN AND SAFE?Y CODE SECTION 34177 AND TAKING CERTAfN ACTIONS IN CONNECTION THEREWITH RECITALS: A. AB X1 26 and AB X1 27 were signed by the Governor of California on ;June 29, 2011, making certain changes to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the "Redevelopment Law"), including adding Part 1.8 (commencing with Section 34161) ("Part 1,8") and Part 1,85 (commencing with Section 34170) ("Part 1.85"). B. The Californi� Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopmenf Association, et al. v. Mafosantos, et al. (Case No. S194861)) alleging that AB X1 26 and AB X1 27 are unconstitutianal. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding AB X1 26, invalidating AB X1 27, and holding that AB X1 26 may be severed from AB X1 �7 and enforced independently. C. The Supreme Court generally revisect the effective dates and deadlines for performance af obligations in Part 1.85 arising before May 1, 2012, to take effect four months later. D. As a result of the Supreme Gourt's decision, the Palm Desert Redevelopment Agency (the "Redevelopment Agency"), a redevelopment agency in the City of Palm Desert (the "City"), created pursuant to the Redevelopment Law, was dissolved pursuant to Part 1.85 on February �, 2012. E. By its Resolution No. 2Q11-76, adapted on August 25, 2011, the City Council of the City made an election to serve as the successor agency for the Redevelopment Agency under Part 1,85 (the 'Successor Agency"). F. By its Resolution No. 001, adopted on February 9, 2012, the City Council, acting as the governing board for the Successor Agency, established rules and regulations applicable to the governance and operation of the Successor Agency, and pursuant to such reso{ution provided that the Successor Agency will be governed by a Board of Directors (the "Board") consisting of the members of the City Council o# the City. G 4d�\Veroniu 7�pa\Word FitesVS�dTRepuna�Succeuor�gexy raolution approving ROPS2 7-2L12 douc Cl--.__� RESOLUTION NO. SA-RDA oo� G. Health and Safety Code Section 34177(I), as modified by the California Supreme Court, provides that the Successor Agency must prepare a Recognized Obligation Payment Schedule for the enforceable obligations of the former Redevelopment Agency, in accordance with the requirements of paragraph (I). The Recognized Obligation Payment Schedule must be submitted to and approved by the oversight board. Finally, after approval by the aversight board, a copy of the approved Recognized 4bligation Payment Schedule must be submitted to the county auditor- controller, the State Controller and the State Department of Finance ("DOF"), and be posted on the Successor Agency's web site. The second Recognized Obligation Payment Schedule submitted to the State Controller and the DOF will be for payments for the period of July 1, 2012 to December 31, 2Q12, inclusive. H. Accordingly, the Board desires to adopt this Resolution approving the second Recognized Obligation Payment Schedule in accordance with Paragraph G. NOW, THEREFORE, TNE BOARD 4F DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, HEREBY FINDS, DETERMINES, RESOlVES, AND qRDERS AS FOLL.�WS: Section 1. The abave recitals are true and correct and are a substantive part of this Resolution. Section 2. This Resolution is adopted pursuant to Health and Safety Code Section 34177. Section 3. The Board hereby approves the second Recognized Obligation Payment 5chedule substantially in the form attached as Exhibit A to this Resolution and incorporated herein by reference (the "ROPS2"). The Executive Director of the Successor Agency, in consu{tation with the Successor Agency's legal counsel, may modify the ROPS as the Executive Direcfor ar the Successor Agency's legal counsel deems necessary or advisable. Section 4. The Board hereby designates Pauf Gibson as the official to whom the DOF inay make requests for review in connection with the ROPS2 and who shail provide the DOF with the telephone number and e-mail contact information for the purpose of communicating with the DOF. -2- G Yd�\Vaoniu T�pia\Word FifetVStelf ReDoneLSuueswr y�ency«wlution+OP�oving ROPS7)•22•12 docx ��. � RESOLUTION NO. SA-RDA oo� Section 5. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may . deem necessary or advisable to effectuate this Resolution, inciuding submitting the certified Recognized Obligation Payment Schedule to the oversight board for approval, and any such actions previausly taken by such officers are hereby ratified and confirmed. PASSED, APPROVED AND ADOPTED this 22nd day of March, 2012. AYES: BENSON, FIN�RTY, HARNIK, KROONEN, and SPIEGEL NOES: xoxE ABSENT: Norr� ABSTAIN; xorr� Robert A.Spiegel, C air ATTEST: R chelle D. Klassen, Secretary SUGCESSOR AGENCY TO TgE pALM DESERT REDEVLIAPM@lT AGENCY -3- G:4d�lVeroneu TapiAWord FileslSulf Aepons�5uccesrnr sgency resolution�pproving ROP52 7•22-12.dacc �� RESOLIITION NO. 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OE N 4 � � � 76 a U� �� p j, � O C� -� g�a'ia o a 3 sV � � e e 5 c n � tj 5R ffi � U � $S w n > r a L A � Y a v ��u � ��O O� � U ¢ V U u � �� a � E � � �� o + �� 6 V OI � � a oi � o � .. � .. � .. .. � � � � � � � e � �� a Q $ Q� m' w^ a �a66uaaaa � �� r � m n � � o y ¢ p a a a E • O • �' � 5 �� 5 K w �8 � L27� � � Y� t� �tb �t � �l ; Y � d j � a ab.' isu'n� aa �°��°�� S ,a' � , � O � N t+l Q 1A {p A m Q O �- N M � YI 10 A m W H N N N � W � -_!� ' �N? a,�. �� a �1 a "�'�"�"'�'' z o u� ,; � DEPARTMENT OF c��«a"�'F'I N A N C E EOMUND G. 9wawN JR. � C`iOVERN�R 91 S L HTptGT�HnCRwMCe+lro CA/9SB 1 4-3906�Wwyv,00v.cw.00v April 2fi, 2012 Veronica Tapia, Accountant City of Palm Desert 73-51 Q Fred Waring Drive Palm Desert, CA 92260 Dear Ms. Tapia: Pursuant to Heaith and Safety Code (HSC)section 34177 (I� (2) (G),the City of Palm Desert Successor Agency submitted a Recognized Obligation Payment Schedule(R�PS)to the Califomia Depa�tment of�inance(Finance)on April 11, 2012 for the periods January through June 2012 and July through December 20'f 2. Finance staff contacted you for clarification of items listed in the ROPS. HSC sectivn 34171 {d) lists en#orceable obligation (EO)characteristics. Besed on a sample of line items reviewed and application of the law, the following do not qualify as EOs; January throuah June 2012 ROPS: • The following line items were for pass-thru trust a�ccount obligations totaling $60.5 million. HSC section 34183(b)prohibits a redevelopment agency{RDA)from entering into a contract with any entity after June 27, 2011. It is our understanding that no contracts are in place for these line items. Item Project Page - ^�— Number Area Number Pro'ect Amount 25 1 1 Pass-Thru Trust Acct Obli ation $39,882,122 45 2 5 Pass-Thru Trust Acct�bligation 3,665,266 25 3 8 Pass-7hru Trust Acct Obligation 6,549,775 ' 27 4 12 Pass-Thru Trust Acct Obli a#ion 10,435,341 Tota) � $60,512,584 • The following line items are for agreements or caniracts between the City of Palm Desert and the Palm Desert Redevelopment Agency{RDA)totaling$13.5 miltion. HSC section 34171 (d}(2)states that agteements or contracts between the city that created the RDA and the former RQA are not enforceable unless the agreements were entered into within the first two years of ths date of the creation af the RDA. '�f"�J Ms. Veronica Tapia • April 26, 2412 Page 2 ------ _� _----------. __ -- ----- Item Praject Page Number Area Number Pro�ect Amount - --- ------ 5 2 � 4 North S here Hotel Land $5,500,000 —_-- - ------- ------____.-- North Sphere 6 2 4 Properiy Acquisition 2,055,000 ----- _.__.. -- - -_.------ _ _ City Loan for formation of 7 2 4 Pro'ect Area No.2-1986 6,000,000 _------__ ___. .__ _._..._�---_.___. Total � $13,555,QQ0 • The fnllowing line items are for projects that do not have contracts in place in the amount totaling $123.3 million. HSC section 34163(b)prohibits a RDA from entering into a contract with any entity after June 27, 2011. It is our understanding that contracts for these line items were awarded after June 27, 2011. Item Project Paga Number Area Number Pro'ect Amount Alessandro ANey Frontage 46 1 2 Rd Im s $S,OOO,OOd Core Commercial Parking 47 1 2 impr4vements 1,�OO,000 President's Plaza Parking 48 1 2 Lot Im s 1,200,000 49 1 2 Under round Utilities 14 000,000 50 1 2 Portola Ave Widenin 3,OQ0,000 49 2 5 North S here Fire Station 10,000,000 50 2 5 Monterey Ave On/Qff Ramp 6,000,000 Im s 51 2 6 Portola I-141m s 16,8fl0,000 52 2 6 Unde round U4lities 12,000,000 30 3 9 Po�tola Ave On/Off Ramp 8,200,000 Construction 31 3 9 Under round Utilities 2,000 000 32 3 9 Portoia Avenue Widenin 5,000,000 32 4 12 c��os on� a viias 18,500 000 33 4 i2 Desert Pointe Rehabilitation 6,000,000 34 4 12 Under round Utilities 18,571,000 Total �123 271,000 • Administrative cost claimed exceeds allowance by$708.7'12(see Attachment A). HSC section 34171 (b) iimits flscal year 2011•12 administrative expenses tv five percent af property tax ailacated to the successor agency or$250,000,whichever is greater. "1 I Ms. Veronica Tapia • April 26, 2012 Page 3 Julv to December 2012 ROPS: • The following line items were for pass-thru t�ust account obligations totaling $12.4 miilion. HSC section 34163(b)prohibits a RDA from entering into a contract with any entity after June 27, 2011. It is our understanding that there are no contracts for these line items. --- _. __._ _ __ - ---- Item Praject Page Number Area Number Project Amount — --- -------- 25 1 1 Pass-Thru Trust Acct C?bfi ation $8,66?,301 -__._____._.______.__----------- 45 2 5 _ Pass-Thru Trust Acct Obfigation 250,169 -- --- ---_ ____ -- 25 __ ___3 8 Pass-Thru Trust Acct O�riigation 532,295 27 4 12 Pass Thru Trust Acct Obli ation 2,990,664 _ ____ _ __.--_ _-------- _ Total _ $12,440,429 • The following line items are for agreements or contracts between the City of Palm Desert and the Palm Desert RDA totaling $13.5 miilion. HSC section 34171 (d) (2)states that agreements or contracts befin►een the city that created the RDA and the former RDA are not enforceable unless the agreements were entered into within the first fin►o years of the date of the creation of the RDA. Additionally, these tine items were shown as payments in the January to June 2012 ROPS. Item Project Page � Number Area Number Praject Amount _..__-------_.._ __ - - � � 5 ______2 _ ^_4 North S here Hatel Land $5,500,�Qp — — ___------ No�th Sphere 6 2 4 Property Acquisition 2,055,000 City Laan for formation of � 7 2 4 Project Area No.2-1986 6,000,000 Totat _ $13,555,000 � The foAowing line items are for projects that do not have contracts in place in the amount totaling$123.3 million. tn additio�, HSC section 34163{b}prohibits a redevelopment agency from entering into a contract with any entity after June 28, 2011. It is our understanding that contracts for these line items were awarded afte�June 27, 2U11. Item Project Page Number Area Number Pro'ect Amount Alessandro Alley Frontage 46 '1 2 Rd Im s �5,000,000 Core Comrnercial Paricing 47 1 2 Improvements 1,000,000 P�esident's Plaza Parking 48 1 2 Lat Im s 1,200,000 _ 49 1 2 Under round Utilities 10,000,000 50 __ � 1 2 Portola Ave Widenin 3 000,000 49 ; 2 5 North S here Fi�e Station 10,Q00,000 50 2 5 Monterey Ave On/Off Ramp 6,000,000 i Im s l U � Ms. Veronica Tapia Aprii 26, 2Q12 • Page 4 i Item �� Project Page Number Area Number Pro ect Arnount �5� 2 6 Portola i-10 tm s 16,8�0,000 52 2 6 Unde� round Utilities 12 000 000 30 3 9 Portola Ave ONOff Ramp 8,200,000 __ _ Constructian 31 _ 3 9 Under round Utilities 2 000,000 32 3 9 Portola Avenue Widenin 5 000,000 32 4 12 Carlos Orte a Viikas 18 500,000 33 _ 4 12 Desert Painte Rehabilitation 6 000 000 _.__34 4 12 Under round Utilities 18 571,p00 ��____._ Total ;123 271�000 • Administrative expenses totaling $fi13,182(Attachment B}. HSC section 34171 (b) limits administrative expenses to#hree perc�nt of property tax aHocated to the successor agency or$250,000,whichever is greater. As authorized by HSC section 34179 (h), Finance is returning your ROPS for your reconsideration. This action will cause the specific ROPS items noted above to be ineffective until Finance approval. Furfhermore, items listed on future R�PS will be subject to review and may be denied as EOs. If you believe we have reached this conclusion in error, please provide fu�ther evidence that the items questioned abave meet the definition of a� EO. Please direct inquiries to Evefyn Suess, Supervisor or Mindy Patterson, Lead Analyst at (916) 322-29$5. Sincerely, ��l�z� �,�� . MARK HILL Program Budget Manager cc: Ms. Janet Moore, Director af Housing, City of Palm Desert Ms. Pam Elias, Chief Accounting Property Tax Division, County of Riverside Ms.April Nash, Supervising Accountant, County of Riverside Ms. Jennifer Baechel, Business Process Analyst II, County of Riverside t..�-"�-. ATTACHMENT A ADMINISTRATNE C4ST CALCULATION Fo�the Perlod January—June 2012 Project L(ne Payment Area ttem Pro'ect Nams/Oebt Obli ation _ 5ource Amount 1 4 2002 Tax Allocation Refunding Bond issue Rp�� 14 s� 1 2 2003 Tax Ailocation Bond�ssue-$19,000,000 RP7TF $950 000 1 3 2004 7ax Aliocatlon Bond Issue-$24,943,000 RP1TF �1 902,588 1 4 2006 Tax Allocation Bond issue-$62,320,Q00 RP1TF $5,093,952 1 5 2007 Tax Allacatio�Bond Issue-$32,600,Q00 RPTTF $3 881,750 1 7 2002 Housing Tax Allocation Bond Issue-�12M RP7TF $769 449 1 g 2007 Housi�g Tax Ailocation Bond issue-ffi87M RPTTF $8 418137 1 g Indian Springs Stipulated Agreement RPTTF $8g g34 _.____.__ 1 1d UM Housing Fund Loan RP'TTF $1,304,766 1 25` Pass•thru trust account ob(igations Rp�-�-� � $39,862 122 1 28 Energy independence Program RPTTF 200 1 32 Stipulated Judgrnent Case No.51124 ` RPTTF $2,833 633 1 33 Replacement Reserve Fund RpTTF $1 618199 1 39 PDHA Property Management � RP1TF $164 946 1 42 PDHA Property Maintenance __ RpnF g44 536 1 43 Agency Owned Properties RPTTF $25 040 1 44 Additionai 0lsclosures on TAB's RPTTF $i,400 1 51 NSP RehabNitation RPTTF $41 gp0 1 52 Santa Rasa Apartments _ RPTTF ��30 000 2 1 20d2 Tax Ailocation Refundin Bond Issue-_$1?M _ RPTTF $1 324 637 2 2 2003 Tax Aflocation Bond issue-$15M � RPTTF $769 006 2 3 2006 Tax Allocation Bond Issue-$67M RP1TF $3,920 987 2 4 County CIP Reimbursement for 88/89 and 90/91 Rp�F $��07 2 g• NcRh Sphere Hotel land _ ap-RF $gp ppp 2 g� North Sphere Property Acquisition RPTTF $68 750 2 7* City Loan fom�ation of Project Area No.2-1986 RPTTF $25,688 2 $ UM Housing Loan RPTTF ---- .. $375,581 2 g2 S�pulated Judgment Case No.51124 RPTTF $882 607 2 33 PDHA Property Management RPTTF $16,488 2 3s Replacement Reserve Fund RPTTF $179 800 2 45• Pass-Thru Trust Account Ubiigations � RPTTF $3 665 266 Z qg Addidonal Disciasu s on TAB's RpnF g�aQ g � 20031'au AlJocation Bond lssue-$4,745,004 Rp1-TF $294 245 3 2 2006 Tax Allocation Bond Issue-515,029,526 RPTfF $757 475 3 3 VM Housing Loan RPTTF $i21 289 3 13 Stipulated Judgrnent Case Na. 51124 _ � Rp'TTF $232 285 1 � - I Project Line Payment Area item Pro'ect Name/Debt Obii ation _ Source Amount 3 14 Replacement Reseroe Fund RPTTF $179 800 3 15 PDHA Property Management Rp1"TF $16 488 3 25' Pass-Thru Trust Account Obligations RPTTF $6,549 775 3 2fi Additionai Disclosures o�TAB's RP-t-TF $qfl� 4 1 1998$11 020 000 Tax AUocation Bond lssue RPTTF $557,530 �.___.._ _.__ --------- 4 2 2001 $15 69�,000 Tax Ailpcation Bond Issue __ RP7TF $966,867 4 3 2006 19 273,089 Tax Allocation Bond Issue _ RPTT� $1 320 820 4 4 UM Housing Fund Loan � RpTT'F $332 155 4 21 Stipulated Judgment Case No.51124 RPTTF $696 795 4 22 Repiacement Reserve Fund RPTTF $179 800 4 23 pDHA P�operty Marrageme�t RPTTF ffi16 488 4 26 Additional Disclosures on 7AB's RPTTF $600 4 27• Pass-Thru Tnist Account Obligations RP'TTF $10,435 341 4 30 NSP Rehabilitation RPl?F $20 882 Subtotal $102 248 266 ___ Less Amount Disallowed (see line Items wlth asterisk above $60 696 942 Total RPTTF Claimed $41 551 324 Admin Ailowa�ce Greater of 5%or i250 000 $2 077,566 2 �� Line Items Considered Administrative Costs .tanuary-June 2012 ROPS Project Line Area item Descri tion Pa ment Saurce Amount 1 15 Ttustee S�rvices RPTTF $1 392 1 16 Disciosure Services RP1TF $1 152 1 17 Legai Services RPTTF $8 224 1 18 Legal Services Rp�F �8 1 19 Professional Assaciation RPTTF $2 530 � 2p Auditing Services RP7TF $1 063 ---_.____.___ 1 21 Reporting Services `_ Ftp'T'�'F $422 1 22 Banking Services RpTi-F $99 1 23 Liabillty Insurance • RPTTF $1 160 1 24 Facilities Lease Rp�F $32 Q� 1 27 Canying Costs-Agency Property ` _ RP7TF $i g44 1 28 Carrying Costs-Agency Property `� Rp'RF $15,000 1 30 � Project Area Administrabon RPTTF $1 247 855 � �� Vested Emp(oyee Bene�t Qbligation RPTTF _ $332,495 2 2� Trustee Secvices RPTTF $7 974 2 22 Disciosure Services Rp-r-rF �6 sp2 2 23 Le9ai Services RPTTF $44 268 2 24 Legai Services RPTTF $3 715 2 25 ' Professional Association RPTTF $14 498 2 26 Audlting Services �-------- RPTTF �,089 2 30 Project Area AdministraBon RPTTF $388 676 2 31 Vesbed Employse Benefit Obligation RP7TF $'f03 470 2 43 Reporting Services � _ RPTTF $2 416 2 44 Liability Insurance RPTTF $6 645 2 47 8anking Services __-__--_ RPTTF g� 3 1� Project Area Adminisuation Rpn-p $��2 2$3 3 12 Vested Employee Senefit Obiigation RpTTF $27 229 3 18 Trostee Services RPTTF $4 216 3 19 Disclosure Services RPTTF $3 491 3 20 t.egal Servfces RPTTF $23 408 3 21 �e9al Services _ RP7TF $1 965 3 22 Professionai Association RpTt'F $7 666 3 23 Auditing Services � y�P�F $3,�� 3 24 Reporting Services --- RPTTF ^g�,4�5 3 27 Liability insurance _ ` _ RPTTF $3 544 3 Zg Banking Servtces RPTTF $300 4 S Trustee Services RPTTF $100 4 g Disclosure Services �p�-�-F �$3 3 � Project Line Area item Descri tlon Pa ment 5ource Amount 4 10 Legal Services RFTTF �557 �.__ _ _ __ 4 11 Legal Services Rp.RF g47 4 12 Professia�al Assoclation RPTTF g�73 4 13 Auditing Services " RPTT� $74 � 14 Reporting Services `.--- �_ RPTTF $29 4 15 Liability lnsurance � RP??F ggq -.� _---- 4 16 Banking Services RP.RF $7 4 19 Project Area Administration RPl?F $306,649 4 20 Vested Employee Benefit�hligation Rpn'F $68,073 Total $2,786 278 Less Admin Allowance $2,077 566 Total D[sailowed Administrative Costs E708 712 4 T � ATTACHMENT B ADMINISTRATIVE COST CALCULATtON July—December 2812 Project Line Payment Area item Pro"ect NameiDebt Obli ation Source Amount 1 1 2042 T'ax Allocatiun Refundi� Bond Issue_-�22M RP7TF �1,114 865 1 2 2003 Tax Aliocation Bond Issue-$19,040,000 RPTTF $950 000 1 3 2044 Tax Allocation 9ond Issue-$24,945,000 RPTTF $1,983,9C3 1 4 2006 Tax Allocation Bond Issue-$62,320,004 ap'T'TF $5168 269 1 5 2007 Tax Alfocation 8ond issu�-$32,SOO,OOQ RRT7F $3 895 000 1 7 2002 Housing Tax Allacation Bond Issue-$12M Rp7'TF $763 349 ------.__.�...... 1 8 2007 Housing Tax Allocativn Bond Issue-$87M Rpn'F $8 3i8,038 1 g Indian Springs Stipulated Agreement RP1TF $69,834 1 1p UM Housing Fund Loan _ RPTfF $1 304 766 '1 25' Pass-thru trust account obligations RPTTF 36,667 301 1 �g Energy Independence Program RPTTF $7 200 1 32 S�pulated Judgement Case NoT51124 RPTTF $2 833 633 1 33 Replacement Reserve Fund RPTTF $1,916 402 1 39 PDHA Property Management _ RPTTF $123 708 � 1 40 PDHA Properties RPTTF $3,228 1 41 PDHA Praperties _ RP-�� ,6� --- 1 42 PDHA Property Maintenance Rp�� — $44 536 1 43 Agency Owned Properties �� RPTTF �25,Od0 1 44 Additional Disciasu�es on TAB's RPTTF $1,400 1 51 NSP Rehabilitation RP1TF/Other $8,058 1 52 Santa Rosa Apartments RPTTFlOther $15 000 2 � 2002 Tax Ailocation Refunding Bond issue-$17M Rp�F $1 304,763 2 2 2003 Tax Allocation Bond Issue-$15M Rp�JTF �789�006 2 3 2006 Tax AHocation Bond Issue-$67M RPTTF g3 907 988 2 5* North Sphere Hotel land RpnF $gp Q�p 2 6* North Sphere Property Acquisition RpTTF $68,750 2 7' City Loan formatlon of ProjectArBa No.2-1986 RPTTF �25,ggg 2 S UM Housing Loan i2PTTF $469 457 3 2S Additionak Disclosure�s on TA8's RPTTF �4pp 2 32 Stipulated Judgement Case No. b1'124� FtpTT� a882,607 2 33 PDHA Property Management RPTTf $12 366 2 34 POHA Properties RP1TF -- $323 2 3� PDHA Properties �Y--- ---- _. �p1-�-F $�6� 2 36 Repiacement Reserve Fund RP'ITF $357 281 2 45• Pass-Thru Trust Account Obiigations RpTTF $250,�69 2 46 Additional Disclasures on TAB's Rp�F �QO 5 �� Project Line Payment Area item _Project NamelDebt Obligatian Source Amount 3 1 2003 Tax Allocation Bond Issue-$4,745,OOU RPTTF �297 265 3 2 2006 Tax Allocation Bond issue-�15,029,526 RPTTF $793,875 3 3 UM Housing Loan RPTTF $121,289 3 13 Stipulated Judgement Case No_51124 RPTTF $232,265 3 14 Replacement Resente Fund RPTTF $71 470 3 15 PDNA Property Management �_� RPTTF �12 381 3 16 PDHA Properties v _ _--- - ..._.'RPTTF $323 3 17 PDHA Prnperties FtPTTF $600 3 25* Pass-Thru Trust Rccount Obligations RPTTF $532 295 3 26 Additional Disctosures on TAB's RPTfF $40D d 1 1998$11,020,OOp Tax Allocation Bond issue RP7TF $554 240 4 2 2001 $15,fi95,00U Tax Ailocation Bond Issue RP'T?F $959,805 4 3 2006$i9,273,089 Tax Aliocation Bond Issue RP7TF $1 307 878 4 4 UM Housing Fund Loan � RPTTF $332 155 4 21 Stipulated Judgement Case No. 51124 � �Rp�� $ggg 795 ___ __.__ _ _ 4 23 PDHA PrQperty Management ' Rp1'rF $12 366 4 24 PbHA Rroperty Management � RP1TF $323 4 2� PDHA Propetty Management _ RPTTF $560 4 26 Additionai Disclosures an TAB's RPTTF $600 4 27Y Pass-Thru Trust Account Obligations RPTTF $2 990 6fi4 4 30 NSP Rehabilitation RPTTF/Other $13 552 Subtotal: $54,290 Q00 Less Amount Disailowed see line items with asterisk above $12,624,887 Totai RPTTF Claimed $a1 665 133 Admin Aliowance Greater of 3°�or 5250 000 �1�249 954 s � Line Items Conside�ed Administrative Costs July-December 2012 ROPS Project Line Atvea item Descri tio� Pa ment Scu�cs Amount � 15 Trustee Setvices RPTTF $1,419 1 16 Disciosure Services RPTTF $1,176 � 17 Legal Services Rf�TTF $7 878 1 18 Legal Service3 RPl?F $660 � 19 Prafessional Association RPTTF $2,580 1 20 Auditing Services RPTTF $2167 1 21 Reporting Services RpTTF $430 1 22 Banking Servi�as RP1TF �1p2 � 23 Liabifity Insurance RPTTF $1 158 � 24 Facilities Lease RPTTF $39,998 1 27 Carrying CosEs-Agency Property RP1TF $1 944 1 28 Canying Costs-Agency Property Rp-RF $1� 224 1 30 Project Area Administration RPTTF $860,916 � 31 Vested Empioyee Benefik Obligation RPTTF �352 053 2 2� Trustee Services RPTTF $7 812 2 Z2 Disclosure Services RPTTF $6,468 2 23 Legaf Seryices RPTTF $43,366 2 24 Legai Services _ RPTTF $3 642 2 25 Professionai Association RPTTf $14,2Q8 2 2g Auditing Services RPIT� $5 968 2 30 Project Area Administration RPTTF $205,828 2 31 Vested Employee Benefit Obiigation RPITF $109 65fi 2 43 I�eportirrg Services RPTTF $2,368 2 q4 Liability insurance RPTTF $6 3B4 2 47 Banking Services RPTTF $558 3 11 Project Area Administration RPTTF $54 1fi5 3 12 Vested Emptoyee Benefit Obligafion Rp7TF $28 857 3 18 Trustee Services Rp�� 3 19 Disctosure Services RP�-�-� �,�2Q 3 20 Legal Services RPTTF $22 938 3 21 Legai Services RPTfF ' $1 926 3 22 Prafessionai Association RPTT�' $7 513 3 23 Auditing Services RPTTF $3156 3 24 Reporting Services �_ RPTTF $1 252 3 27 Liability tnsurance RPTTF $3,378 3 28 Banking Services Rpn-F $294 q g Trustee Services RPTTF ggg 4 9 D)sclosure Serv'ices RPTTF $gq 7 �d P�oject line Area itern Descri tion Pa ment Source Amount 4 10 t-egat Servfces RP�F $�s 4 11 �egai Services RPTTF 8 4 12 Professional Association RPnF $t�'9 4 13 Auditing Services RPTTF $150 4 14 Reparttng Services _ �p'�'F $30 4 _ 15 Liabiliry Insurance RP�F $13 4 16 Banking Services �P�F $ 4 19 Praject Area Administration RPTTF $162,496 4 20 Vesk�d Employee Benefit Obiigation RpnF $86 570 Total $1863136 Less Admtn Ailowance $1,249 954 W____. Totat Disallowed Administrative Costs ;6131gZ $ � � ��~T QA �ti � a� ��'�1' z o Ip � +� DEPARTMENT OF EdMUND t3. �ROWN .lR, - CipVERNOR O,�l��`r F 1 N A N C E 91 S L BTR<CT� DACAAM�AVTO CA�93S 1 4-37G6 ■WWW,OtlF'.M,pOV May 26, 2012 Veronica Tapia, Accountant City of Paim Desert � 73-510 Fred Wari�g Drive Palm Desert, CA 92260 Dear Ms. Tapia: Subject: Recognized Obligation Payment Schedule Apprnval Lette� Pursuant to Health and Safety Code (HSC)section 34177 (i) (2) (C),the City of Palm Desert S�ccessor Agency submitted Recognized Obiigation Payment Schedules(ROPS)to the Califomia Oepartment of Finance (Finance) on Aprii 11, 2012 for the period January to June 2012 and April 17, 2012 for the period July to December 2012. Finance is assuming appropriate oversight board approvai. Finance has completed its review of your ROPS,which may have includsd abtaining clar�catian for various items. In Finance's letter dated April 26, 2012,the follawing pass-thru trust account obligations from both ROPS periods were denied as enforceable obligations (EOs}; however, after further�eview of documents, they have been accepted as EOs: • ProjectArea 1, page 1, item 25 • Project Area 2, page 5, item 45 • Project Area 3, page 8, item 25 • Project Area 4, page 12, item 27 Additionally, after recalculating administrative cost allowance,we are no longer questioning the January to June 2012 administrative expenses as they are within the allowable amount. For the July to December 2012 administrative expenses, we recalculated and reduced the questioned amount to$239,969 from$613,182 tas stated in the April 26, 20121etter). Except for items disallowed in whole or in part as enforceable obligations noted in Finance's letter dated�lpril 26, 2012, Finance is approving the remaining items listed in your ROPS for both periods. This is our determination with respect to any items funded fram the Redevelopment Property Tax Trust Fund (RPTT�far the June 1, 2fl12 property tax allocations. If yaur oversight board disagrees with aur detennination with respect to any items not funded with property tax, any future resolution of the disputed issue may be accommodated by amending the RUPS for the appropriate time period. Items not qusstiQned durir�g this review are subject to a subsequent review, if they are inclUded on a future ROPS. If an item included on a future ROPS is not an enforceable obligation, Finance reserves the righ##o remove that item from the future ROPS, even if it was not remaved from the preceding RQPS. ��„�,,,,,,, . Ms. Tapia May 26, 2U12 • Page 2 Please refer to Exhibit 12 at http:l/www.dof ca aov/assembiv biils 26-27/view ah„�for the amount of Redevelopment Property Tax Trust Fund (RPTTF) that was approved by Finance based on the schedule submitted. As you are aware the amount of available RPTfF is the same as the property tax increment that was available prior to ABx1 26. This amount is not and never was an unlimited funding source. Therefore as a practical matter, the ability to fund th�items on the ROPS with property tax is limited to the amount of funding available in the RPTTF. Please direct inquiries to Eveiyn 5uess, Supervisor or Mindy Patterson, Lead Analysk at (916}�22-2985. Sincerely, �� MARK NILL Pragram 8udget Manager cc: Ms. Janet Moore, Directar of Housing, City of Palm Desert Ms. Pam Elias, Chief Accounting Property Tax Division, County of Riverside Ms. April Nash, Supervising Accountant, County of Riverside Ms. Jennifer Baechel, Business Proces5 Analyst II; County of Riverside �_:� . . �� Successor Agency Portola Properties '�� ,� _ _ ___ ��,. • 21 008 ._ � �,,,,,�APN:.6. _. p� ` - � �. 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'Z�.^ tQ?. %j. � O� �"�: � .��.,,� r. � Tq �� o q .f- � j0.�m�'=' '� � � '�p 4} O' N. r \ !� 2� p V��, � , . �„ S� � r �� q �- Q m � . �Q� ,j .�s�ea•� 7�� :- ��,„ '�, y. � �jQ� ' �• o � � � JI ,�+- Ro�.` �•� ' � � ��.w �^� t 4; � �1,y.'A[y �,r '4�7�� , �, w : a '�' a ��v'y t�� ,�� m k �� PVC,U�P =..�.: `� �4,�w .� �,u, y h ��M� D �� . .. . `"+ �r y �� UCR Option Parcel � �� CAL STATE SAN BERNARDINO � . �� Date: n � � UNIVERSITY OF CALIFORNIA RIVERSIDE e ��°"FO�"p'�`�� 6/2012 r ' PALM DESERT CITY BOUNDARY VICINITY MAP , �.....e_.... i � ' • . � � � Uf�ivCKSl�v qF r_�iLitORfVIP. �� Capital Programs 1223 University Avenue;Suite 2�0 Riverside,CA 92521-0101 June 5, 2012 John M. Wohlmuth City Manager City of Palm Desert 73-510 Fred Waring Drive Palm Desert, CA 92260-2578 RE: UCR Request to Exercise Option for Parcel "B" Fee Title Dear John, In conjunction with the Disposition and Development Agreement (DDA) (2001) and First Amendment (2002), UCR wisnes to exercise the option to acquire fee title for "Parcel B" as described in the DDA documents (approximatel�� 11 acres). UCR's interest in acquiring fee title for Parcel B is in the context of ongoing development of program opportunities for UCR's School of Medicine (SOM) in the Palm Desert area. Detailed program development will commence in July 2012 under the aegis of the SOM's Dean, Richard Olds. Some of the program areas intended for fk�cation and development on the Parcel B site include, but are not limited to the following; • Health, Wellness, and Patient Education facilities; • Graduate Medical Education facilities; • Continuing Medical Education facilities; • Teaching and Clinical Care facilities; • Medical Offices and Faculty Offices; • Potential Future Graduated Senior Livin�;facilities; and, • Infrastructure and Parking associated wi�th the above. As plans for Parcel e develop, UCR would welcome the chance for review and input from the City of Palm Desert. In this context UCR would ��Iso be open to explore any partnership opportunities with the City of Palm Desert that�rvould benefit the community. I look forward to working on the next steps of tfie Parcel B fee title acquisition with your office. Sincerely,� � f,_1j�r�;i� L��J_ �` _� � Timoth�D. Ralston, AlA Ass,�ciate Vice Chancellor—Capital Programs Cc: Assistant Vice Chancellor Walton Chief Operating Officer Hedges Phone 951-827-2433 • Fax 951.827-3299 � � � Q SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: ADOPT RESOLUTION SA-RDA-008 APPROVING REVISIONS TO "EXHIBIT A" OF RESOLUTION NO. SA- RDA-007, THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2012 THROUGH DECEMBER 31, 2012 TO INCLUDE THE FUNDING SOURCE FOR SPECIFIC LINE ITEMS SUBMITTED BY: Janet M. Moore, Director of Housing DATE: June 28, 2012 CONTENTS: Resolution SA-RDA 008 List of Line Item Revisions - "Exhibit A" to SA-RDA 008 Resolution SA-RDA 007 Dept of Finance Letters Dated April 26, 2012 and May 26, 2012 Recommendation By Minute Motion that the Successor Agency Board Adopt Resolution SA-RDA 008 approving Revisions to "Exhibit A" of Resolution No. SA- RDA-007, the Recognized Obligation Payment Schedule for the period of July 1, 2012 through December 31, 2012 ("ROPS2"), more specifically, Project Area #1 Line items 1, 2, 3, 4, 5, 7, 8, 10, 25, and 33; Project Area #2 Line items 1, 2, 3, 8 and 45; Project Area #3 Line items 1, 2, 3 and 25; and Project #4 Line items 1, 2, 3, 4 and 27 to include the specific funding source. Executive Summary After clarifications and interpretations provided by the Department of Finance ("DOF") regarding the requirements to identify specific sources and amounts for enforceable obligations on ROPS2, staff has identified the line items that are to be revised to include specific amounts from specific sources. The totals for enforceable obligations previously identified on ROPS2 have not changed, only the funding sources, as noted. The source of payment definitions for "C" has also been modified to further clarify where the funds are coming from to make each payment. Backqround The Successor Agency and the Oversight Board approved, ROPS2, on March 22, 2012 and April 9, 2012 respectively. As part of each payment schedule, it is required that the Successor Agency identify a funding source(s) for each obligation. -1- 12812-OOOlU467884v1.doc � � � � •�► Staff Report ,Adopt Resolution No. SA-RDA 008 June 28, 2012 Page 2 of 2 The DOF has since clarified that all agencies must identify the specific amounts related to the specific funding sources that will be used to make payments on enforceable obligations. Because the Successor Agency to the Palm Desert Redevelopment Agency has reserved funds to make timely payments for obligations, including debt service and administrative costs, during the six-month period covered by ROPS2, we need to amend the funding source for these specific line items and amounts. In addition, DOF has disallowed certain obligations, in whole or in part, on the ROPS. Staff is preparing a formal response to the DOF regarding the items that are to be reconsidered. These items are listed in their April26, 2012 and May 26, 2012 letters (attached) and are not addressed in the revisions that are the subject of this staff report. A list of the revised line items is attached. The total amount for the obligations previously reviewed and approved on ROPS2 has not changed. Staff recommends that the Successor Agency approve Resolution SA-RDA-008 approving revisions to ROPS2 with respect to funding sources for specific line items as follows: Project Area #1 Line items 1, 2, 3, 4, 5, 7, 8, 10, 25, and 33; Project Area #2 Line items 1, 2, 3, 8 and 45; Project Area #3 Line items 1, 2, 3 and 25; and Project #4 Line items 1, 2, 3, 4 and 27. The Oversight Board will review these revisions at its meeting of June 26, 2012. An oral report will be provided to the Successor Agency upon request. Fiscal Analvsis The revised line items specified above specifically identifies the funding sources for each payment. There are no changes or additions to the amounts due for the obligations previously reviewed and approved on ROPS2. Submitted by: � ` C ��Y-� 1�Y C�VERSIGHT BOARD � ,�G C. -=��' , J �L'�'--�--Z. _. ON.r��'�:�� an t M. Moore, Director of Housing 'v`��FIED �x�._. _ „ , � '� �. �� Appr I: �.�riginal an #ile wic.+� C:ity Clerk's O{� C C�-o� �� ,��5�,.1 T� Paul St,,Gibson, Director of Finance � . � ! � J,i> I/ ��. �..��c�,�i..�l,�C-�''`^---.--�--� J,,ti n M. Wohlmuth, Executive Director I/ -2- 12812-0001\1467884v1.doc ��G:Vdau-IOUSING�Patty LeonUMMlstat}'report\OVERSIGHT BOARDULOP52 revisions 6-28-12 revl,doc � � RESOLUTION NO. SA — RDA 008 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY APPROVING REVISONS TO "EXHIBIT A" OF RESOLUTION NO. SA-RDA-007, THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE SECOND SIX-MONTH PERIOD OF JULY 1, 2012 TO DECEMBER 31, 2012 RECITALS: A. As a result of the California Supreme Court's decision on AB X1 26, the Palm Desert Redevelopment Agency (the "Redevelopment Agency"); a redevelopment agency in the City of Palm Desert (the "City"), created pursuant to the Community Redevelopment Law (Health and Safety Code Section 33000, et se�c.), was dissolved pursuant to Part 1.85 of AB X1 26 on February 1, 2012. B. By its Resolution No. 2011-76, adopted on August 25, 2011, the City Council of the City made an election to serve as the successor agency for the Redevelopment Agency under Part 1.85 (the `Successor Agency"). C. By its Resolution No. 001, adopted on February 9, 2012, the City Council, acting as the governing board for the Successor Agency, established rules and regulations applicable to the governance and operation of the,Successor Agency, and pursuant to such resolution provided that the Successor Agency will be governed by a Board of Directors (the "Board") consisting of the members of the City Council of the City. D. In accordance with Health and Safety Code Section 34177(I), as modified by the California Supreme Court, on March 22, 2012 the Successor Agency adopted Reso►ution SA-RDA-007 approving the recognized obligation payment schedule for the period July 1, 2012 through December 31, 2012 (the "ROPS2") for the enforceable obligations of the former Redevelopment Agency. On April 9, 2012 the Oversight Board of the Successor Agency approved the ROPS2. The State Department of Finance ("DOF") in a letter dated May 26, 2012, with certain exceptions identified in its letter of April 26, 2012, approved the ROPS2. E. According to direction from the DOF, for enforceable obligations with multiple funding sources, the ROPS2 is required to identify specific amounts from specific funding sources for each such obligation. F. In addition to revising the ROPS2 to identify multiple funding sources as described above, staff has recommended that the ROPS2 be revised to identify the funding source as cash on hand for certain obligations. -1- 12812-0001\1467904v1.doc 1� � RESOLUTION NO. SA — RDA 008 G. Accordingly, the Board desires to adopt this Resolution approving revisions to ROPS2 as follows: Project Area #1 Line items 1, 2, 3, 4, 5, 7, 8, 10, 25, and 33; Project Area #2 Line items 1, 2, 3, 8 and 45; Project Area #3 Line items 1, 2, 3 and 25; and Project #4 Line items 1, 2, 3, 4, and 27. NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1. The above recitals are true and correct and are a substantive part of this Resolution. Section 2. The Board hereby approves the revisions to ROPS2, attached hereto as Exhibit A and incorporated herein. Section 3. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution and any such actions previously taken by such officers are hereby ratified and confirmed. I PASSED, APPROVED AND ADOPTED this 28th day of June, 2012. AYES: NOES: ABSENT: ABSTAIN: Robert A. Spiegel, Chairman ATTEST: Rachelle D. Klassen, Secretary SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY -2- 12812-0001\1467904v1.doc � G�.Uda\Successor Agency[o PDRDA\Staff Reports and Resolutions\Resolution Amending specific lines ROP52 SA-RDA OO8.doc � � � , I EXHIBIT A REVISIONS TO SPECIFIC LINE ITEMS ON THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE SECOND SIX-MONTH OF PERIOD JULY 1, 2012 TO DECEMBER 31, 2012 Exhibit A 12812-0001\1467904v l.doc �' T T D � p � V V '}� N �. � � � � O � • y � � �P ? � O W W W W O N N N N N O � � � � � � � 1 � � ` ` ` ` m r 70 m m m n 3Q /� A � � -� N \/ N `I .P W N i �k (n J A W N � v W N � Ul OD W N � W (It O W �l Ui A W N T O "a (� � V N N -• � N N � EA N ffl N Efl N JJ � ` ffl N fA N 4fl N 69 N ffl N fA N fA N D O � � � C 7 (D p q� C O O (O D � C O O D (U � 6) O � O O D �p p7 W O y O W O � O N O y O N O p, n O � N '� m O W T N � � W T � � V � U7 W V O T -p N � V O N O N J N � A O (O W N O � � I�TI y (D 2 f �V 2 �V 2 � V W �/ A7 = O O 6� W (D O O �� 7 C O' � �. 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