HomeMy WebLinkAbout10/01/2012 POSTED AGENDA
REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
MONDAY, OCTOBER 1, 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 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 Code §34179(h), all Oversight Board actions shall not be effective for five (5) 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 40 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 Board action shall not be effective until approved by the
Department. In the event that the Department returns 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
III. 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 OCTOBER 1, 2012
REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY
IV. APPROVAL OF MINUTES
A. MINUTES of the August 20, 2012, Adjourned Regular Meeting of the Oversight
Board of the Successor Agency to the Palm Desert Redevelopment Agency.
Rec: Waive further reading and adopt Resolution No. OB - 011, approving the
Minutes of the August 20, 2012, Adjourned Regular Meeting of the
Oversight Board of the Successor Agency to the Palm Desert
Redevelopment Agency.
Action:
V. NEW BUSINESS
A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY.
Rec: Waive further reading and adopt Resolution No. OB - 012, receiving and
filing Minutes of the Successor Agency to the Palm Desert Redevelopment
Agency Meetings of July 12 and August 23, 2012.
Action:
B. REPORT ON THE EXECUTIVE DIRECTOR'S EXECUTED CONTRACTS FOR
AUGUST AND SEPTEMBER 2012 FOR ROUTINE MAINTENANCE AND
EMERGENCY MAINTENANCE SERVICES FOR AGENCY PROPERTIES PER
OBLIGATIONS LISTED ON THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE.
Rec: Waive further reading and adopt Resolution No. OB - 013, receiving and
filing the report on the Executive Director's Executed Contracts for August
and September 2012 for Routine Maintenance and Emergency
Maintenance Services for Agency Properties per obligations listed on the
Recognized Obligation Payment Schedule (ROPS).
Action:
2
POSTED AGENDA OCTOBER 1, 2012
REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY
C. AGREED-UPON PROCEDURES AUDIT COMPLETED BY THE COUNTY OF
RIVERSIDE IN ACCORDANCE WITH HEALTH AND SAFETY CODE
SECTION 34182(a)(1).
Rec: Waive further reading and adopt Resolution No. OB - 014, receiving and
filing the County of Riverside Auditor Controller's Agreed-upon Procedures
Audit.
Action:
D. RECEIVE AND REVIEW THE DUE DILIGENCE REVIEW FOR THE LOW-AND
MODERATE-INCOME HOUSING FUND IN ACCORDANCE WITH HEALTH AND
SAFETY CODE SECTION 34179.5 AND CONVENE THE PUBLIC COMMENT
SESSION.
Rec: 1) Waive further reading and adopt Resolution No. OB - 015,
acknowledging the receipt of the review of the Low- and
Moderate-Income Housing Fund conducted pursuant to Health and
Safety.Code Section 34179.5.
2) Convene the Public Comment Session.
Action:
E REQUEST FOR APPROVAL OF A RECIPROCAL ACCESS AND WALL
AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY, THE CITY OF PALM DESERT, AND THE
PALM DESERT COUNTRY CLUB VILLAS (CONTRACT NO. C32150).
Rec: Waive further reading and adopt Resolution No. OB - 016, approving the
Reciprocal Access and Wall Agreement, substantially as to form, and
authorizing the Chairman to execute the finalized Agreement as approved
by Successor Agency Counsel.
Action:
VI. CONTINUED BUSINESS
None
3
POSTED AGENDA OCTOBER 1, 2012
REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY
VII. OLD BUSINESS
None
VIII. REPORTS AND REMARKS
A. CHAIR
B. MEMBERS OF THE OVERSIGHT BOARD
C. EXECUTIVE DIRECTOR
IX. ADJOURNMENT
I hereby certify, under penalty of perjury under the laws of the State of California, that the 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 72 hours prior to the meeting. Dated this 25th day of September,
2012.
Ra elle D. Klassen, Secre -ry of the
Successor Agency to the Palm Desert
Redevelopment Agency
4
RESOLUTION NO. OB - 011
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY,
APPROVING AUGUST 20, 2012, ADJOURNED REGULAR MEETING MINUTES
RECITALS:
A. Pursuant to Health and Safety Code Section 34179(3), all actions taken by the
Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency (the
"Oversight Board") shall be adopted by resolution.
B. There has been presented to this Oversight Board for approval Minutes of its
August 20, 2012, Adjourned Regular Meeting.
NOW,THEREFORE,THE OVERSIGHT BOARD 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 Oversight Board hereby approves Minutes of the August 20, 2012,
Adjourned Regular Meeting, which are made a part hereof and attached hereto as "Exhibit `A'."
Section 3. The staff of the Successor Agency is hereby directed to provide the State
Department of Finance ("DOF") written notice and information regarding the action taken by the
Oversight Board in Section 2 of this Resolution. Such notice and information shall be provided by
electronic means and in a manner of DOF's choosing.
Section 4. The officers of the Oversight Board and staff of the Successor Agency are
hereby authorized and directed, jointly and severally, to do any and all things that they may deem
necessary or advisable to effectuate this Resolution.
PASSED, APPROVED, AND ADOPTED this day of , 20 .
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, CHAIR
ATTEST:
Nics,&,{245z..0).BY OVERSIGHT BOARD
ON �!7- 1-l (vosgti Ors rAB sr.f4r)
RACHELLE D. KLASSEN, SECRETARY VERIFIED B'� ,
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY Original na1 on file with City Clerk's Office
TO THE PALM DESERT REDEVELOPMENT AGENCY �'
RESOLUTION NO. OB - o11
EXHIBIT A
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
MINUTES
August 20, 2012, Adjourned Regular Meeting
2
RESOLUTION NO. OB - 011
DRAFT PRELIMINARY MINUTES DRAFT
ADJOURNED REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
MONDAY, AUGUST 20, 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 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 Code § 34179(h), all Oversight Board actions shall not be effective for five (5) 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 40 calendar 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 Board action shall not be effective until approved by
the Department. In the event that the Department returns 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.
I. CALL TO ORDER
Chair Spiegel convened the meeting at 1:30 p.m.
II. ROLL CALL
Present:
Member Lisa Brandt (representing Riverside Co. Board of Supervisors)
Member Heather Buck (Palm Desert RDA former Employee)
Member Bill Carver(representing Riverside County)
Member Edwin Deas(COD, representing Chancellor of California Community Colleges)
Member Patricia A. Larson (representing Coachella Valley Water District)
Member Peggy Reyes (DSUSD, representing Riverside County Office of Education
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
Martin Alvarez, Director of Economic Development
Janet M. Moore, Director of Housing
Mark Greenwood, Director of Public Works
Veronica Tapia, Accountant
David Hermann, Management Analyst/Public Information Officer
Stephen Y. Aryan, Risk Manager
Rachelle D. Klassen, Secretary, Successor Agency-Palm Desert RDA
RESOLUTION NO. OB - 011
PRELIMINARY MINUTES DRAFT AUGUST 20, 2012
ADJOURNED 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 June 26, 2012, Special Meeting of the Oversight Board of the
Successor Agency to the Palm Desert Redevelopment Agency.
Member Larson moved to waive further reading and adopt Resolution No. OB - 002,
approving the Minutes of the June 26, 2012, Special Meeting of the Oversight Board of the
Successor Agency to the Palm Desert Redevelopment Agency. Motion was seconded by
Member Brandt and carried by 7-0 vote.
V. NEW BUSINESS
A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY.
Member Larson moved to waive further reading and adopt Resolution No. OB - 003,
receiving and filing the Minutes of the Successor Agency to the Palm Desert Redevelopment
Agency Meetings of June 14 and June 28, 2012. Motion was seconded by Member Carver and
carried by 7-0 vote.
B. REPORT ON THE EXECUTIVE DIRECTOR'S EXECUTED CONTRACTS FOR
JULY2012 FOR ROUTINE MAINTENANCE AND EMERGENCY MAINTENANCE
SERVICES FOR AGENCY PROPERTIES PER OBLIGATIONS LISTED ON THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS).
Staff reviewed the written report provided with the agenda packets.
Member Larson moved to waive further reading and adopt Resolution No. OB - 004,
receiving and filing the report on the Executive Director's Summary of Executed Contracts for
July 2012 for Routine Maintenance and Emergency Maintenance Services forAgency Properties
per obligations listed on the Recognized Obligation Payment Schedule (ROPS). Motion was
seconded by Member Deas and carried by 7-0 vote.
2
RESOLUTION NO. OB - 011
PRELIMINARY MINUTES DRAFT AUGUST 20, 2012
ADJOURNED REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
C. REQUEST FOR AUTHORIZATION TO PROCEED WITH A SPECIAL AUDIT OF
THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT
AGENCY AND PALM DESERT HOUSING AUTHORITY FOR THE PERIODS
ENDED JANUARY 31, 2012, AND JUNE 30, 2012, AND AUTHORIZE CITY
MANAGER TO EXECUTE THE CONTRACT (CONTRACT NO. C27540A).
Staff reviewed the written report provided with the agenda packets and answered
questions posed by the Board Members.
Member Larson moved to waive further reading and adopt Resolution No. OB - 010,
providing authorization to proceed with said Special Audit and the City Manager to execute a
contract in a total amount not to exceed $25,000, with approximately $15,000 for the Housing
Authority Audit and$10,000 for All Other Funds Audit. Motion was seconded by Member Carver
and carried by 7-0 vote.
D. OVERVIEW OF ASSEMBLY BILL 1484 AS IT RELATES TO THE OVERSIGHT
BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY.
Staff highlighted the written report provided with the agenda packets and
answered questions from the Board Members.
Member Carver moved to waive further reading and adopt Resolution No. OB - 005,
receiving and filing the report. Motion was seconded by Member Buck and carried by 7-0 vote.
E. REQUEST FOR APPROVAL OF A COOPERATIVE AGREEMENT FOR
ADVANCE AND REIMBURSEMENT OF ADMINISTRATIVE, OVERHEAD, AND
OTHER EXPENSES BETWEEN THE CITY OF PALM DESERT AND THE
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY,
AND TAKING CERTAIN OTHER ACTIONS.
Staff reviewed the written report provided with the agenda packets.
Member Larson moved to waive further reading and adopt Resolution No. OB - 006,
approving the execution of a Cooperative Agreement for Advance and Reimbursement of
Administrative, Overhead, and Other Expenses between the City and the Successor Agency,
and taking certain other actions. Motion was seconded by Member Brandt and carried by 7-0
vote.
3
RESOLUTION NO. OB - 011
PRELIMINARY MINUTES DRAFT AUGUST 20, 2012
ADJOURNED REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
F. REQUEST FOR APPROVAL OF THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE THIRD SIX-MONTH PERIOD, PURSUANT TO HEALTH
AND SAFETY CODE SECTION 34177, FOR THE PERIOD OF JANUARY 1,
2013, THROUGH JUNE 30, 2013 ("ROPS3").
The staff report was reviewed in detail and questions answered. Additionally, staff
provided an updated Summary Page, following receipt of answer to a question
Palm Desert raised with the Department of Finance (DOF) regarding the wording
for Item K: "Adjustment to RPTTF versus Adjusted RPTTF." DOF responded by
changing the title on Item K to "Adjusted RPTTF," and the new Summary Page
reflected that clarification.
Member Larson moved to waive further reading and adopt Resolution No. OB - 007,
approving ROPS3 for the period of January 1 - June 30, 2013. Motion was seconded by
Member Deas and carried by 7-0 vote.
G. REQUEST FOR APPROVAL OF THE ADMINISTRATIVE BUDGET FOR THE
THIRD SIX-MONTH PERIOD, PURSUANT TO HEALTH AND SAFETY CODE
SECTION 34177, FOR THE PERIOD OF JANUARY 1, 2013, THROUGH
JUNE 30, 2013.
Staff explained the written report provided with the agenda packets and answered
questions.
Member Reyes moved to waive further reading and adopt Resolution No. OB - 008,
approving the Administrative Budget for the third six-month period of January 1 -June 30,2013.
Motion was seconded by Member Buck and carried by 7-0 vote.
H. REQUEST FOR DISCUSSION REGARDING UPCOMING OVERSIGHT BOARD
MEETINGS FOR SEPTEMBER 2012 AND OCTOBER 2012.
•
Staff noted that there were certain deadlines coming up for action pursuant to the
new legislation (AB 1484), including the Housing Audit due by October 1 and an
open public forum for its consideration. This would be followed by a separate
meeting to approve the report, then transmit such approval of the report to the
Department of Finance by October 15.
Board Members advised that most were available on both Monday, October 1
(regular meeting day), and on Monday, October 8. Member Deas noted he would
be out of town for both meetings. Member Buck said she was available on
October 1 but may not be on October 8.
4
RESOLUTION NO. OB - 011
PRELIMINARY MINUTES DRAFT AUGUST 20, 2012
ADJOURNED REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
Member Larson moved to waive further reading and adopt Resolution No. OB - 009,
approving the Oversight Board Meeting schedule for the months of September 2012 and
October 2012: 1) No regular meeting in September 2012 due to observance of the Labor Day
Holiday falling on the regular meeting day; 2)regular meeting to be held on Monday, October 1,
2012, at 1:30 p.m.; 3) special meeting to be held on Monday, October 8, 2012, at 1:30 p.m.
Motion was seconded by Member Deas and carried by 7-0 vote.
VI. CONTINUED BUSINESS
None
VII. OLD BUSINESS
None
VIII. REPORTS AND REMARKS
A. CHAIR
Chair Spiegel remarked that he'd learned a lot at today's meeting and hoped his
colleagues did as well.
B. MEMBERS OF THE OVERSIGHT BOARD
Board Members sought more clarification about the ROPS process and how taxing
entities were paid, and staff responded.
IX. ADJOURNMENT
With Oversight Board concurrence, Chair Spiegel adjourned the meeting at 2:34 p.m.
ROBERT A. SPIEGEL, CHAIR
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
5
RESOLUTION NO. OB - 012
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY,
RECEIVING AND FILING MINUTES OF THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETINGS OF JULY 12, 2012,AND
AUGUST 23, 2012
RECITALS:
A. Pursuant to Health and Safety Code Section 34179(3), all actions taken by the
Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency (the
"Oversight Board") shall be adopted by resolution.
B. There has been presented to this Oversight Board for approval, receiving and filing of
Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meetings of July 12,
2012, and August 23, 2012
NOW,THEREFORE,THE OVERSIGHT BOARD 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 Oversight Board hereby approves receiving and filing Minutes of the
Successor Agency to the Palm Desert Redevelopment Agency Meetings of July 12, 2012, and
August 23, 2012, which are made a part hereof and attached hereto as "Exhibit `A'."
Section 3. The staff of the Successor Agency is hereby directed to provide the State
Department of Finance ("DOF") written notice and information regarding the action taken by the
Oversight Board in Section 2 of this Resolution. Such notice and information shall be provided by
electronic means and in a manner of DOF's choosing.
Section 4. The officers of the Oversight Board and staff of the Successor Agency are
hereby authorized and directed, jointly and severally, to do any and all things that they may deem
necessary or advisable to effectuate this Resolution.
PASSED, APPROVED, AND ADOPTED this day of , 20 .
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, CHAIR
ATTEST: 11 a�
p tn✓ �BY OVERSI eps Bi - -i.f 1
ON 11D-l -1p--
RACHELLE D. KLASSEN, SECRETARY VERIFIED BYISt02S,SP-7---Th
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY Original on file with City Clerks Office
RESOLUTION NO. OB - 012
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
MEETING MINUTES
July 12, 2012
August 23, 2012
2
RESOLUTION NO. OB - 012
-- MINUTES
REGULAR MEETING OF THE
BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
THURSDAY, JULY 12, 2012
CIVIC CENTER COUNCIL 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:
Director Jean M. Benson
Director Cindy Finerty
Director Jan C. Harnik
Vice Chair William R. Kroonen
Chair Robert A. Spiegel
Also Present:
John M. Wohlmuth, Executive Director
David J. Erwin, City Attorney
Rachelle D. Klassen, Secretary
Russell Grance, Director of Building & Safety
Lauri Aylaian, Director of Community Development
Martin Alvarez, Director of Economic Development
Janet M. Moore, Director of Housing
Mark Greenwood, Director of Public Works
Frankie Riddle, Director of Special Programs
J. Luis Espinoza, Assistant Finance Director
Stephen Y. Aryan, Risk Manager
Bill Hunley, Div. Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire
Bill Sullivan, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept.
Grace L. Mendoza, Deputy City Clerk
III. ADJOURN TO CLOSED SESSION
Request for Closed Session:
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 12, 2012
milN
A. Conference with Real Property Negotiator pursuant to Government Code `r
Section 54956.8:
1) Property: 43-705 Kelsey Court (APN 634-241-037), Palm Desert
Negotiating Parties:
Agency: John M. Wohlmuth/Janet M. Moore/City of Palm Desert/
Successor Agency to the Palm Desert Redevelopment
Agency/Palm Desert Housing Authority
Property Owner: Terri L. McIntyre
Under Negotiation: x Price x Terms of Payment
2) Property: 42-128 Verdin Lane (APN 624-440-003), Palm Desert
Negotiating Parties:
Agency: John M. Wohlmuth/Janet M. Moore/City of Palm Desert/
Successor Agency to the Palm Desert Redevelopment
Agency/Palm Desert Housing Authority
Property Owner: Justin and Patricia Mansker
Under Negotiation: x Price x Terms of Payment
On a motion by Kroonen,second by Finerty,and 5-0 vote of the Successor Agency Board
of Directors, Chair Spiegel adjourned the meeting to Closed Session at 3:01 p.m. He .m
reconvened the meeting at 4:00 p.m.
rl
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 June 28, 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. 284RDA, 288RDA, 292RDA, 302RDA, 287SA, 289SA, 290SA,
294SA, 296SA, 299SA, and 304SA.
Rec: Approve as presented.
2
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 12, 2012
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
VIII. 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
3
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 12, 2012
amp
.rr
C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY
None
XIV. ADJOURNMENT
Upon a motion by Finerty, second by Kroonen, and 5-0 vote of the Successor Agency
Board of Directors, Chair Spiegel adjourned the meeting at 4:59 p.m.
/
//
ROBERT A. SPI GE. , AIR
ATTEST:
���j AIN', • _ -�
RA HELLE D. KLASSEN, ECRETARY rl
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
oft
4
RESOLUTION NO. OB - 012
MINUTES
REGULAR MEETING OF THE.
BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
THURSDAY, AUGUST 23, 2012
CIVIC CENTER COUNCIL 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:
Director Jean M. Benson
Director Cindy Finerty
Director Jan C. Harnik
Vice Chair William R. Kroonen
Chair Robert A. Spiegel
Also Present:
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
Martin Alvarez, Director of Economic Development
Paul S. Gibson, Director of Finance
Janet M. Moore, Director of Housing
Mark Greenwood, Director of Public Works
Frankie Riddle, Director of Special Programs
Stephen Y. Aryan, Risk Manager
Casey Hartman, Battalion Chief, Palm Desert Fire/Riv. Co. Fire Dept./Cal Fire
Bill Sullivan, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept.
Grace L. Mendoza, Deputy City Clerk
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING AUGUST 23, 2012
III. ADJOURN TO CLOSED SESSION
Request for Closed Session:
None
On a motion by Kroonen, second by Harnik, and 5-0 vote of the Successor Agency Board
of Directors, Chair Spiegel adjourned the meeting to Closed Session of the City Council at
3:01 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 July 12, July 26, and August 9 Regular Meetings 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. 8SA, 11 SA, 16SA, 20SA, 21 SA, 25SA, 29SA, 34SA, 37SA, 40SA,
and 44SA.
Rec: Approve as presented.
C. COMPLIANCE ANALYSIS AND INVESTMENT REPORTS for the Months of
May 2012 and June 2012 (Joint Consideration with the Palm Desert City
Council).
Rec: Receive and file.
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING AUGUST 23, 2012
D. REQUEST FOR RATIFICATION of Amendment No. 1 to Contract No. R30570B —
for Landscape Modifications at 77-115 Florida Avenue(Neighborhood Stabilization
Program [NSP] Project).
Rec: By Minute Motion, ratify Contract Amendment No. 1 in an amount not to
exceed $2,600 to the subject contract with AA Max Quality Construction,
Calabasas, California, for landscape modifications at 77-115 Florida
Avenue, Palm Desert, for the NSP Project—funds are available in Account
No. 703-4496-464-4001.
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
VIII. RESOLUTIONS
A. RESOLUTION NO. SA-RDA 010 - A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY, APPROVING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE SIX-MONTH FISCAL PERIOD FROM
JANUARY 1, 2013, THROUGH JUNE 30, 2013, PURSUANT TO HEALTH AND
SAFETY CODE SECTION 34177 AND TAKING CERTAIN RELATED ACTIONS.
Ms. Moore stated that with the enactment of AB1384, the responsibility for
adopting schedules had been accelerated and needs be delivered by
September 1, 2012. She said the format is a little different so she would be happy
to answer any questions. Staff had previously identified the Obligations by project
area with separate documents for each area,and now they are combined into one,
which is at the discretion of the Department of Finance.
Director Finerty moved to waive further reading and adopt Resolution No. SA-RDA 010.
Motion was seconded by Kroonen and carried by a 5-0 vote.
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING AUGUST 23, 2012
B. RESOLUTION NO. SA-RDA 011 - A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY, APPROVING A PROPOSED ADMINISTRATIVE
BUDGET FOR THE SIX-MONTH FISCAL PERIOD FROM JANUARY 1, 2013,
THROUGH JUNE 30, 2013, PURSUANT TO HEALTH AND SAFETY CODE
SECTION 34177(j) AND TAKING CERTAIN RELATED ACTIONS.
Ms. Moore stated this was the administrative costs, and earlier this evening, the
City Council approved a Cooperative Agreement in order to do this,this Resolution
sets it at whatever the legislative amount is.
Director Finerty moved to waive further reading and adopt Resolution No. SA-RDA 011.
Motion was seconded by Kroonen and carried by a 5-0 vote.
IX. NEW BUSINESS
A. REQUEST FOR ADOPTION OF A CITY COUNCIL AND A SUCCESSOR
AGENCY RESOLUTION, EACH APPROVING THE EXECUTION OF A
COOPERATIVE AGREEMENT FOR ADVANCE AND REIMBURSEMENT OF
ADMINISTRATIVE, OVERHEAD, AND OTHER EXPENSES BETWEEN THE
CITY OF PALM DESERT AND THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY; AND TAKING CERTAIN
ACTIONS (CONTRACT NO. C32140) (JOINT CONSIDERATION WITH THE
PALM DESERT CITY COUNCIL).
Ms. Moore stated the proposed Resolution confirms the City wants the Successor
Agency to continue to reimburse the City for staff time, legal expenses, etc. The
former Redevelopment Agency and the City had the same agreement, and this
was just confirming that the City wants the Successor Agency to do the same.
She said the City advances the cost and payments for such services and the
Successor Agency will reimburse up to the amount that is allowed by all of the
legislation out there eliminating Redevelopment Agency.
Mayor Pro TemNice Chair Kroonen moved to waive further reading and adopt: 1) City
Council Resolution No. 2012 - 60, approving the execution of a Cooperative Agreement for
Advance and Reimbursement of Administrative, Overhead, and Other Expenses between the
City and the Successor Agency, and taking certain other actions; 2) Successor Agency
Resolution No. SA-RDA 009, approving the execution of a Cooperative Agreement for Advance
and Reimbursement of Administrative,Overhead,and Other Expenses between the City and the
Successor Agency, and taking certain other actions. Motion was seconded by Finerty and
carried by a 5-0 vote.
A
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING AUGUST 23, 2012
B REQUEST FOR APPROVAL OF A RECIPROCAL ACCESS AND WALL
AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY, THE CITY OF PALM DESERT, AND THE PALM
DESERT COUNTRY CLUB VILLAS (CONTRACT NO. C32150) (JOINT
CONSIDERATION WITH THE PALM DESERT CITY COUNCIL).
Project Coordinator Heather Buck stated this item was to create a new agreement
with the Palm Desert Country Club Villas and Successor Agency to the Palm
Desert Redevelopment Agency. This agreement confirms existing obligations,
making concessions for additional time to complete said obligations,and listing the
City as the responsible entity to fulfill said obligations in the event the Successor
Agency cannot.
Mayor Pro TemNice Chair Kroonen moved to, by Minute Motion: 1)Approve Reciprocal
Access and Wall Agreement, substantially as to form; 2) authorize Mayor/Chair to execute the
finalized Agreement as approved by Successor Agency Counsel; 3) authorize staff to forward
the Agreement to the Oversight Board for approval; 4) appropriate $2,500 from Unobligated
General Fund Reserves to Parking Lot Maintenance, Account No. 110-4313-433-3320 for the
crack seal and slurry coat work to be completed by December 15, 2012—proposed funding for
additional costs related to this Agreement are identified in the accompanying staff report. Motion
was seconded by Harnik and carried by a 5-0 vote.
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
RESOLUTION NO. OB - 012
MINUTES
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING AUGUST 23, 2012 in
B. SUCCESSOR AGENCY COUNSEL
None
C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY
None
XIV. ORAL COMMUNICATIONS - C
None
XV. ADJOURNMENT
Upon a motion by Kroonen, second by Finerty, and 5-0 vote of the Successor Agency
Board of Directors, Chair Spiegel adjourned the meeting at 6:14 p.m.
ROBERT A. S 1 L C AIR
ATTEST:
voillAllbairp.!0!
R: H‘ �E R. —*SSE ECRETAR
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
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 AUGUST AND SEPTEMBER 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: October 1, 2012
CONTENTS: Resolution No. OB - 013
Recommendation
That the Oversight Board waive further reading and adopt a Resolution No.
OB - 013 receiving and filing the Executive Director's summary of
executed contracts for routine maintenance and emergency maintenance
services performed in August and September for obligations listed on the
Recognized Obligation Payment Schedule (ROPS).
Background
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 months
of August and September for maintenance services on Successor Agency properties:
Property Vendor Service Cost
77-115 Florida Ave. AA Max Contract Amendment for Landscape $2,600.00
Quality modifications / Property
Construction maintenance
42-455 Washington Reliable Palm tree pruning at Casey's $400.00
Tree Care Restaurant
Oversight Board Staff Report RES. NO. OB - 013
Receive and File Summary of Executed Maintenance Contracts for Aug.-Sept. 2012
October 1, 2012
Page 2 of 2
43-845 Portola Garza Replacement of stolen irrigation timer $300.00
Landscape with battery operated controller
Staff recommends that the Oversight Board receive and file the August and September
2012 maintenance contracts for the Successor Agency owned properties.
Fiscal Analysis
There is no fiscal impact as all items associated with this action are listed on the ROPS.
Submitted By:
( Dui
artin Alvarez, J net 'ore, Director of Housing
Director of Economic Development
Paul S. Gibson, Director of Finance
oval:
n M. Wohlmuth, Executive Director OVERSIGHT BOARD
ON
VERIFIED B`iC
Original on file with City Clerk's Office
\\srv-fi12k3\groups\rda\Martin Alvarez\2012\SR\OBSR\Aug-Sept 2012 PropMaint-Expenses.doc
RESOLUTION NO. OB - 013
RESOLUTION NO. OB - 013
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS FOR
THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY RECEIVING AND FILING THE
EXECUTIVE DIRECTOR'S EXECUTED CONTRACTS FOR AUGUST
AND SEPTEMEBR 2012, FOR ROUTINE MAINTENANCE AND
EMERGENCY MAINTENANCE SERVICES FOR OBLIGATIONS
LISTED ON THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS)
RECITALS:
A. Pursuant to Health and Safety Code Section 34179(3), all actions taken by
the Oversight Board for Successor Agency to the Palm Desert Redevelopment Agency
(Oversight Board) shall be adopted by resolution.
There has been presented to this Oversight Board for approval to 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).
NOW, THEREFORE, THE OVERSIGHT BOARD FOR 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 Oversight Board hereby adopts Resolution No. OB
receiving and filing 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).
Section 3. The staff of the Successor Agency is hereby directed to provide the
State Department of Finance ("DOF") written notice and information regarding the action
taken by the Oversight Board in Section 2 of this Resolution. Such notice and
information shall be provided by electronic means and in a manner of DOF's choosing.
Section 4. The officers of the Oversight Board and staff of the Successor
Agency are hereby authorized and directed, jointly and severally, to do any and all
81000-0172\1482371v1.doc
RESOLUTION NO. OB - 013
things which they may deem necessary or advisable to effectuate this Resolution.
PASSED, APPROVED AND ADOPTED this day of , 2012.
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, CHAIR
ATTEST:
RACHELL D. KLASSEN, SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
2
RESOLUTION NO. OB - 013
EXHIBIT A
OVERSIGNT BOARD OF THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
SUMMARY OF EXECUTED CONTRACTS FOR ROUTINE MAINTENANCE AND
EMERGENCY MAINTENANCE SERVICES
(August/ September 2012)
Property Vendor Service Cost
77-115 Florida Ave. AA Max Contract Amendment for Landscape $2,600.00
Quality modifications / Property
Construction maintenance
42-455 Washington Reliable Palm tree pruning at Casey's $400.00
Tree Care Restaurant
43-845 Portola Garza Replacement of stolen irrigation timer $300.00
Landscape with battery operated controller
81000-0172\1482371 vl.doc
OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: RECEIVE AND FILE THE AGREED UPON PROCEDURES AUDIT
COMPLETED BY THE COUNTY OF RIVERSIDE IN
ACCORDANCE WITH HEALTH AND SAFETY CODE SECTION
34182(a) (1)
SUBMITTED BY: Janet M. Moore, Director of Housing
DATE: October 1, 2012
CONTENTS: 1. Agreed Upon Procedures Audit Results by Brown-Armstrong
Accountancy Corporation
2. Resolution No. OB- 014
3. Draft Staff Report for Successor Agency Meeting of
September 27, 2012
Recommendation
That the Oversight Board adopt Resolution No. OB-014 to receive and
file the County's agreed upon procedures audit report pursuant to Health
and Safety Code Section 34182(a)(1).
Discussion
Pursuant to AB 1X 26 and AB 1484, the County Auditor Controller's office is required to
conduct an agreed-upon procedures audit of each redevelopment agency. The purpose
of the audit is to establish the former redevelopment agency's assets and liabilities.
Brown Armstrong Accountancy Corporation was retained by the County Auditor
Controller to conduct this audit. Their draft report and findings are attached. The
County Auditor Controller is required to file this report with the State Controller by
October 1st. Because this audit was conducted for the County, staff will forward any
questions related to the report to the County for response.
Staff recommends that you receive and file the report.
fitted by:
(Jan M. Moore, Director of Housing Paul S. Gibson, Director of Finance
JMM:pI ^BOVERSIGHT BOARD
Approv :
VERIFIED BY
:35-30Z12T3E,Th
's Office
it() M. Wohlmuth, Executive Director
Original on file with CityClerk
G USING\PATTY LEONVMM\STAFF REPORT\OVERSIGHT BOARD\SR-COUNTY AUP AUDIT EEC AND FILE OSB DOC
RESOLUTION NO. OB - 014
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS FOR
THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY RECEIVING AND FILING THE COUNTY
OF RIVERSIDE AUDITOR CONTROLLER'S AGREED UPON
PROCEDURES AUDIT
RECITALS:
A. Pursuant to Health and Safety Code Section 34179(3), all actions taken by the
oversight board for the Successor Agency to the Palm Desert Redevelopment Agency (the
"Oversight Board") shall be adopted by resolution.
B. There has been presented to this Oversight Board the County of Riverside Auditor
Controller's Agreed Upon Procedures Audit pursuant to Health and Safety Code Section
34182.(a)(1).
NOW, THEREFORE, THE OVERSIGHT BOARD FOR 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 Oversight Board hereby receives and files the County of Riverside
Auditor Controller's Agreed Upon Procedures Audit pursuant to Health and Safety Code Section
34182.(a)(1).
Section 3. The staff of the Successor Agency is hereby directed to provide the State
Department of Finance ("DOF") written notice and information regarding the action taken by the
Oversight Board in Section 2 of this Resolution. Such notice and information shall be provided by
electronic means and in a manner of DOF's choosing.
Section 4. The officers of the Oversight Board 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.
PASSED, APPROVED AND ADOPTED this 1ST day of October, 2012.
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, CHAIR
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
81000-0172\1482371 v1.doc
DRAFT
INDEPENDENT ACCOUNTANT'S REPORT ON
APPLYING AGREED-UPON PROCEDURES
Riverside County Auditor-Controller/Oversight Board of the Successor Agency
City of Palm Desert
Palm Desert, California 92260
We have performed the minimum required agreed-upon procedures (AUP)
enumerated in Attachment A, which were agreed to by the California State
Controller's Office, Department of Finance, and Riverside County Auditor-Controller,
solely to assist you in ensuring that the dissolved redevelopment agency is complying
with its statutory requirements with respect to ABX1 26. Management of the
successor agency and Riverside County are responsible for the accounting records
pertaining to statutory compliance pursuant to Health and Safety Code Section
34182(a)(1). This agreed-upon procedures engagement was conducted in
accordance with attestation standards established by the American Institute of
Certified Public Accountants. The sufficiency of these procedures is solely the
responsibility of those parties specified in the report. Consequently, we make no
representation regarding the sufficiency of the procedures described below either for
the purpose for which this report has been requested or for any other purpose.
The scope of this engagement was limited to performing the minimum required
agreed-upon procedures as set forth in Attachment A. The results of the procedures
performed are listed under each related testing step in Attachment A.
We were not engaged to and did not conduct an audit, the objective of which would
be the expression of an opinion as to the appropriateness of the results summarized
in Attachment A. Accordingly, we do not express such an opinion. Had we performed
additional procedures, other matters might have come to our attention that would
have been reported to you.
This report is intended solely for the information and use of the Riverside County
Auditor-Controller, the successor agency, and applicable State agencies, and is not
intended to be, and should not be, used by anyone other than these specified parties.
This restriction is not intended to limit distribution of this report, which is a matter of
public record.
BROWN ARMSTRONG
ACCOUNTANCY CORPORATION
Bakersfield, California
, 2012
DRAFT
Attachment A—Agreed-Upon Procedures Engagement
Pursuant to ABX1 26, Community Redevelopment Dissolution
Purpose: To establish each redevelopment agency's assets and liabilities, to document and determine
each redevelopment agency's pass-through payment obligations to other taxing agencies, and to
document and determine both the amount and the terms of any indebtedness incurred by the
redevelopment agency and certify the initial recognized obligation payment schedule. [Health and Safety
Code Section 34182(a)(2)]
In conformity with attestation standards, the language in each separate report for each agency will need
to be specific as to the type of documents that were examined in performing the procedure.
A. RDA Dissolution and Restrictions
❑ For each redevelopment agency dissolved, perform the following:
1. Obtain a copy of the enforceable obligation payment schedule (EOPS) for the period of August 1,
2011, through December 31, 2011. Trace the redevelopment project name or area (whichever
applies) associated with the obligations, the payee, a description of the nature of the work/service
agreed to, and the amount of payments made by month through December 31, 2011, and compare it
to the legal document(s) that forms the basis for the obligations. Since amounts could be estimated,
determine that they are stated as such and that legal documentation supports those estimates.
Results:
We noted the following exception:
A) Estimated amounts existed on the EOPS; however, they were not stated as such on the EOPS
form.
2. Obtain a copy of all amended EOPS filed during the period of January 1, 2012, through June 30,
2012. Trace the redevelopment project name or area (whichever applies) associated with the
obligations, the payee, a description of the nature of the work/service agreed to, and the amount of
payments to be made by month through June 30, 2012, and compare it to the legal documents that
forms the basis for the obligations. Again, since amounts could be estimated, determine that they are
stated as such and that legal documentation supports those estimates.
Results:
We noted the following exception:
A) Estimated amounts existed on the EOPS; however, they were not stated as such on the EOPS
form.
3. Identify any obligations listed on the EOPS that were entered into after June 29, 2011, by inspecting
the date of incurrence specified on Form A of the Statement of Indebtedness filed with the Riverside
County Auditor-Controller, which was filed on or before October 1, 2011.
Results:
We found no exceptions as a result of the procedures performed.
DRAFT
4. Inquire and specifically state in the report the manner in which the agency did or did not execute a
transfer of the Low and Moderate Income Housing Fund to the redevelopment successor agency by
February 1, 2012. Procedures to accomplish this might include changing the name of the accounting
fund and related bank accounts that are holding these assets for the successor agency. If the
successor agency is a party other than the agency that created the redevelopment agency, an
examination of bank statements and changing of account titles and fund names evidencing such
transfer will be sufficient.
Results:
We noted that the agency did not transfer the Low and Moderate Income Housing Fund to the
redevelopment successor agency or housing successor agency by February 1, 2012. However, the
Low and Moderate Income Housing Fund balance was sequestered within the fund on January 31,
2012, and immediately transferred upon determination/approval by the City Council/Successor
Agency Board on February 9, 2012.
5. Inquire and specifically state in the report how housing activities (assets and functions, rights, powers,
duties, and obligations) were transferred and the manner in which this agency did or did not execute
a transfer. Procedures to accomplish this might include changing the name of the accounting fund
and related bank accounts that are holding these assets for the other agency. An examination of bank
statements and changing of account titles and fund names evidencing such transfers will be
sufficient. If the housing successor is a party other than the agency that created the redevelopment
agency, an examination of bank statements and re-recording of titles evidencing such transfer will be
sufficient.
Results:
We noted that on February 9, 2012, per Resolution No. 2012-07, the City of Palm Desert (City)
elected not to retain the responsibility for performing housing assets and functions and all of the
responsibility for performing housing functions previously performed by the agency as set forth in
California Health and Safety Code Section 34176(a). The City elected to transfer that responsibility to
the Palm Desert Housing Authority. The procedures to accomplish this included changing the account
titles from the RDA Low and Moderate Income Housing Fund to the Palm Desert Housing Authority.
We examined the change of account titles and fund names that support such transfers.
B. Successor Agency
1. Inspect evidence that a successor agency (A) has been established by February 1, 2012; and (B) the
successor agency oversight board has been appointed, with names of the successor agency
oversight board members, which must be submitted to the Department of Finance by May 1, 2012.
Results:
We found no exceptions as a result of the procedures performed.
2. Inquire regarding the procedures accomplished and specifically state in the report the manner in
which this agency did or did not execute a transfer of operations to the successor agency, which was
due by February 1, 2012. Procedures to accomplish this might include changing the name of the
accounting fund and related bank accounts that are holding these assets for the successor agency. If
the successor agency is a party other than the agency that created the redevelopment agency, an
examination of bank statements and changing of account titles and fund names evidencing such
transfers will be sufficient.
Results:
We noted that the procedures to accomplish the execution of transfer of operations to the successor
agency included changing the name and number of the accounting funds and were completed by
February 1, 2012. We reviewed the general ledger that indicated the execution of the transfer of
assets and liabilities from the RDA Low and Moderate Income Housing Fund to the Successor
Agency — the City. We examined the change of account titles and fund names that support such
transfers.
DRAFT
3. Ascertain that the successor agency has established the Redevelopment Obligation Retirement
Fund(s) in its accounting system.
Results:
We found no exceptions as a result of the procedures performed.
4. Inspect the EOPS and ROPS and identify the payments that were due to be paid through the date of
the AUP report. Select a sample (based on a dollar amount and/or percentage amount as determined
by the Riverside County Auditor-Controller) and compare the payments that were due to be paid
through the date of the AUP report to a copy of the cancelled check or other documentation
supporting the payment.
Results:
We found no exceptions as a result of the procedures performed.
5. Obtain listings that support the asset figures (cash, investments, accounts receivable, notes,
receivables, fixed assets, etc.) in the audited financial statements as of June 30, 2010, June 30,
2011, and as of January 31, 2012, as determined by the successor agency and include as an
attachment to the AUP report.
Results:
We found no exceptions as a result of the procedures performed.
Please see Attachments B-1 through B-3 for listings that support the asset figures as of June 30,
2010, June 30, 2011, and as of January 31, 2012.
C. Recognized Obligation Payment Schedule(Draft ROPS)
❑ Obtain a copy of the initial draft of the ROPS from the successor agency.
1. Inspect evidence that the initial draft of the ROPS was prepared by March 1, 2012.
Results:
We found no exceptions as a result of the procedures performed.
2. Note in the minutes of the Oversight Board that the draft ROPS has been approved by the Oversight
Board. If the Oversight Board has not yet approved the draft ROPS as of the date of the AUP, this
should be mentioned in the AUP report.
Results:
We found no exceptions as a result of the procedures performed.
3. Inspect evidence that a copy of the draft ROPS was submitted to the Riverside County Auditor-
Controller, State Controller, and Department of Finance.
Results:
We found no exceptions as a result of the procedures performed.
4. Inspect evidence that the draft ROPS includes monthly scheduled payments for each enforceable
obligation for the current six-month reporting time period.
Results:
We found no exceptions as a result of the procedures performed.
DRAFT
5. Select a sample based on dollar amount and/or percentage amount as determined by the Riverside
County Auditor-Controller and trace enforceable obligations listed on the draft ROPS to the legal
document that forms the basis for the obligation.
Results:
We found no exceptions as a result of the procedures performed.
6. Trace the obligations enumerated on the draft ROPS to the obligations enumerated on the EOPS
(including amendments) and note any material differences as agreed to by the Riverside County
Auditor-Controller.
Results:
We noted no obligations with material difference between ROPS and amended EOPS.
D. Recognized Obligation Payment Schedule(Final ROPS)
❑ Obtain a copy of the final ROPS (January 1, 2012, through June 30, 2012) from the successor
agency.
1. Inspect evidence that the final ROPS was submitted to the Riverside County Auditor-Controller, the
State Controller, and Department of Finance by April 15, 2012, and is posted on the website of the
City/County as successor agency (Health and Safety Code Section 34177(2)(C)).
Results:
We found no exceptions as a result of the procedures performed.
2. Inspect the final ROPS and identify the payments that were due to be paid through the date of the
Agreed-Upon Procedures report. For payments on the ROPS that were identified as being due
through the date of the Agreed-Upon Procedures report, inspect evidence of payment and determine
that amounts agree to the purpose of the obligation as amounts could be estimated.
Results:
We found no exceptions as a result of the procedures performed.
3. Select a sample based on a dollar amount and/or percentage amount as determined by the Riverside
County Auditor-Controller and trace enforceable obligations listed on the final ROPS to the legal
agreements or documents that forms the basis for the obligation.
Results:
We found no exceptions as a result of the procedures performed.
E. Other Procedures
❑ Obtain a list of pass-through obligations and payment schedules.
1. Obtain a list of pass-through obligations and payments made from the redevelopment agency from
July 1, 2011, through January 31, 2012, inspect evidence of payment, and note any differences from
the list of pass-through obligations and payments made.
Results:
We found no exceptions as a result of the procedures performed.
Issue Agreed-Upon Procedures Report and distribute to the California State Controller by July 15,
2012.
Result:
AB 1484 has extended the due date for the agreed-upon procedures report to October 1, 2012. We
will submit the report to the California State Controller on or before October 1, 2012.
n •ti IV
77 77
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N SD 11
OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: RECEIVE AND REVIEW THE DUE DILIGENCE REVIEW FOR
THE LOW AND MODERATE INCOME HOUSING FUND IN
ACCORDANCE WITH HEALTH AND SAFETY CODE SECTION
34179.5 AND CONVENE THE PUBLIC COMMENT SESSION
SUBMITTED BY: Janet M. Moore, Director of Housing
DATE: October 1, 2012
CONTENTS: Due Diligence Review from White Nelson Diehl Evans LLP
RESOLUTION NO. OB - 015
Recommendation
That the Oversight Board:
1) Receive and review the Due Diligence Review for the Low and
Moderate Income Housing Fund pursuant to Health and Safety Code
Section 34179.5; and (RESOLUTION NO. OB - 015
2) Convene the Public Comment Session.
Executive Summary
The Due Diligence Review for the Low and Moderate Income Housing Fund determined
there to be no cash or cash equivalents available for disbursement to the taxing entities.
Discussion
Pursuant to Health and Safety Code Section 34179.5, each successor agency must
employ a licensed accountant, approved by the county auditor-controller and with
experience and expertise in local government accounting, to conduct a due diligence
review to determine the unobligated balances available for transfer to taxing entities.
Each review must determine the net balance of the Low and Moderate Income Housing
Fund (the "LMIHF") and specifically the amount of cash and cash equivalents
determined to be available for allocation to taxing entities as of June 30, 2012 (the "Due
Diligence Review"). In summary, such amount is determined by determining the total
value of assets and cash and cash equivalents in the LMIHF, and subtracting the
following ("Restricted Assets"): (1) restricted funds, (2) assets that are not cash or cash
equivalents, (3) amounts that are legally or contractually dedicated or restricted for the
funding of an enforceable obligation, and (4) amounts that are needed to satisfy
Staff Report REs. NO. OB - 015
Housing Due Diligence Review
October 1, 2012
obligations that will be put on the Recognized Obligation Payment Schedule ("ROPS")
for the current fiscal year. Also, the amount determined to be available for allocation to
taxing entities includes the value of assets, cash and cash equivalents transferred after
January 1, 2011 through June 30, 2012 by the former redevelopment agency or the
successor agency to the city, another public agency or private person if an enforceable
obligation to make that transfer did not exist. The Due Diligence Review documents
the Restricted Assets and provides the respective amounts, sources and purposes for
which the Restricted Assets should be retained.
Health and Safety Code Section 34179.6 requires each successor agency to submit the
Due Diligence Review to the oversight board for the oversight board's review and
approval.
Upon receipt of the Due Diligence Review, the oversight board must convene a public
comment session to take place at least five business days before the oversight board
holds the approval vote. The oversight board also must consider any opinions offered
by the county auditor-controller on the review results submitted by the successor
agency.
By October 15, 2012, the oversight board must review, approve, and transmit the Due
Diligence Review to the state department of finance ("DOF") and the county auditor-
controller. The oversight board may adjust any amount provided in the review to reflect
additional information and analysis. The review and approval must occur in public
sessions. The oversight board may request from the successor agency any materials it
deems necessary to assist in its review and approval of the determination.
Section 34179.6 empowers the oversight board to authorize a successor agency to
retain the Restricted Assets.
The DOF must complete its review of the Due Diligence Review no later than November
9, 2012, and must notify the oversight board and the successor agency of its decision to
overturn any decision of the oversight board to authorize a successor agency to retain
Restricted Assets. The DOF must provide the oversight board and the successor
agency an explanation of its basis for overturning or modifying any findings,
determinations, or authorizations of the oversight board. The successor agency then
has the option to meet and confer with DOF to discuss any modifications.
By December 1, 2012, the county auditor-controller must provide DOF a report
specifying the amount submitted by each successor agency from the LMIHF, and
specifically noting any successor agency that failed to remit the full required amount.
Section 34179.5 also requires a similar review of all other funds and accounts held by
the successor agency to determine unobligated balances available for transfer to taxing
entities. The review for all other funds and accounts must be completed by December
15, 2012 and the county auditor-controller has an April 20, 2013 deadline to provide
DOF the report specifying the amount submitted by each successor agency from all
other funds and accounts, and specifically noting any successor agency that failed to
G:\rda\Veronica Tapia\Word Files\Oversight Board\Staff Reports\OB SR for RECEIVING due diligence review 10-1-12.DOCX2
Staff Report RES. NO. OB - 015
Housing Due Diligence R iiew
October 1, 2012
remit the full required amount.
Upon full payment of the amounts determined in the Due Diligence Review and the
subsequent review conducted for all other funds and accounts, payment of the "surplus"
tax revenues due on July 12, 2012, and any unpaid or underpaid pass through
payments owed for fiscal year 2011-12, DOF will issue to the successor agency, within
five business days, a finding of completion of the requirements of Section 34179.6.
White Nelson Diehl Evans LLP, Certified Public Accountants and Consultants, were
retained by the Successor Agency to conduct this Due Diligence Review. DOF, the
California State Controller's Office, the Riverside County Auditor-Controller, and the
Successor Agency agreed to the procedures for the Due Diligence Review to assist in
meeting the statutory requirements set forth in Health and Safety Code Section 34179.5
related to the Low and Moderate Income Housing Fund. The Due Diligence Review
was also conducted in accordance with attestation standards established by the
American Institute of Certified Public Accountants. Their report and findings are
attached.
Submitted by:
40,
CP M. Moore, Director • Housing Paul S. son, Director of Finance
rov :
Nek/FAL5-o) BY OVERSIGHT BOARD
ON so-1 - (S(�a` C s ( 1)
J n M. Wohlmuth, Executive Director VERIFIED B g,-_:
Original on file with City Clerk's Office
G:\rda\Veronica Tapia\Word Files/Oversight Board/Staff Reports\OB SR for RECEIVING due diligence review 10-1-12 DOCX3
RESOLUTION NO. OB-015
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ACKNOWLEDGING THE RECEIPT OF THE REVIEW OF THE LOW
AND MODERATE INCOME HOUSING FUND CONDUCTED PURSUANT
TO HEALTH AND SAFETY CODE SECTION 34179.5
RECITALS:
A. Pursuant to Health and Safety Code Section 34175(b) and the California
Supreme Court's decision in California Redevelopment Association, et al. v. Ana
Matosantos, et al. (53 Cal.4th 231(2011)), on February 1, 2012, all assets, properties,
contracts, leases, books and records, buildings, and equipment of the former Palm
Desert Redevelopment Agency transferred to the control of the Successor Agency to
the Palm Desert Redevelopment Agency (the "Successor Agency") by operation of law.
B. Health and Safety Code Section 34179.5 requires the Successor Agency
to employ a licensed accountant, approved by the county auditor-controller, to conduct
a due diligence review to determine the unobligated balances available for transfer to
taxing entities.
C. Health and Safety Code Section 34179.6 requires the Successor Agency
to submit the results of the review conducted pursuant to Section 34179.5 for the Low
and Moderate Income Housing Fund (the "LMIHF") and specifically the amount of cash
and cash equivalents determined to be available for allocation to taxing entities (the
"Due Diligence Review") to the Successor Agency's Oversight Board (the "Oversight
Board") for the Oversight Board's review and approval.
D. Pursuant to Health and Safety Code Sections 34179.6 and 34180(j), the
Successor Agency submitted to the Oversight Board, the county administrative officer,
the county auditor-controller, the State Controller and the Department of Finance
("DOF") the Due Diligence Review and a copy of the Recognized Obligation Payment
Schedule ("ROPS").
E. Pursuant to Health and Safety Code Section 34179.6(b), upon receipt of
the Due Diligence Review, and at least five business days before the Oversight Board
considers the approval of the Due Diligence Review, the Oversight Board must hold a
public comment session (the "Public Comment Session") at which time the public has
an opportunity to hear and be heard on the results of the Due Diligence Review and at
which time the Oversight Board considers the opinions, if any, offered by the county
auditor-controller on the results of the Due Diligence Review.
F. On the date of this Resolution, the Oversight Board will hold the Public
Comment Session pursuant to Health and Safety Code Section 34179.6(b).
1
G:\rda\Veronica Tapia\Word Files\Oversight Board\Staff Reports\OB Resolution Receiving Housing due diligence review.DOCX
RESOLUTION NO. OB-015
NOW, THEREFORE, THE OVERSIGHT BOARD 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 Oversight Board hereby acknowledges receipt of the Due
Diligence Review.
Section 3. The staff and the Board 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.
PASSED AND ADOPTED this 1st day of October, 2012.
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, CHAIR
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
-2-
G:\rda\Veronica Tapia\Word Files\Oversight Board\Staff Reports\OB Resolution Receiving Housing due diligence review.DOCX
CITY DE PALM DESERT
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win a 73-510 FRED WARING DRIVE
r' �/,� PALM DESERT, CALIFORNIA 92260-2578
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TEL: 760 346-0611
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u .,
September 20, 2012
White Nelson Diehl Evans LLP
2875 Michelle Drive
Irvine, California 92606
In connection with your engagement to apply agreed-upon procedures to the Low and
Moderate Income Housing Fund of the Palm Desert Redevelopment Agency and the
Successor Agency to the Palm Desert Redevelopment Agency pursuant to California
Health and Safety Code Section 34179.5, we confirm, to the best of our knowledge and
belief as of September 20, 2012, the following representations made to you during your
engagement:
a. We are responsible for meeting the requirements of California Health and Safety
Code Section 34179.5.
b. We are responsible for the presentation of the supporting schedules and exhibits
attached to your report related to the Low and Moderate Income Housing Fund.
c. The supporting schedules and exhibits attached to your report are presented in
accordance procedures developed by the California Society of CPAs with input
from the California State Controller's Office and the California Department of
Finance.
d. We have made available to you all information that we believe is relevant to the
requirements of California Health and Safety Code Section 34179.5 as it relates to
the Low and Moderate Income Fund.
e. We are not aware of any transfers as defined by Health and Safety Code Section
34179.5 from the Low and Moderate Income Housing Fund for either the former
redevelopment agency or the Successor Agency to other parties for the period from
January 1, 2011 through June 30, 2012 that have not been properly identified in
your report and its related schedules and exhibits.
White Nelson Diehl Evans, LLP
September 20, 2012
Page 2 of 2
f. We have disclosed to you all communications from regulatory agencies, internal
auditors, and other independent practitioners or consultants relating to the Low and
Moderate Income Housing Fund.
g. We have responded fully to all inquiries made to us by you during the engagement.
h. No events have occurred subsequent to June 30, 2012 that would require
adjustment to or modification of the presentation of the supporting schedules and
exhibits attached to your report related to the Low and Moderate Income Housing
Fund.
i. Your report is intended solely for the information and use of the Oversight Board
and management of the Successor Agency to the Palm Redevelopment Agency,
the California Department of Finance, the California State Controller's Office and
the County Auditor Controller, and is not intended to be and should not be used by
anyone other than those specified parties.
Sincerely,
( 411, 0• 1( 7/,(4,4_,,,_, 411 i ,,,,„,„ .
el v
M. Moore, Director of Housing Jo n M. Wohlmuth, City Manager
failAg7440—,.....,
Paul S. Gibson, Finance Director
CITY Of MI DESERT
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
Independent Accountants' Report on Applying Agreed-Upon Procedures
On the Palm Desert Redevelopment Agency's
And
The Successor Agency to the Palm Desert Redevelopment Agency's
Low and Moderate Income Housing Fund
Pursuant to California Health and Safety Code Section 34179.5
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
Table of Contents
Page
Independent Accountants' Report on Applying Agreed-Upon Procedures
Related to the Low and Moderate Income Housing Fund 1
Attachment A - Agreed-Upon Procedures and Findings Related to the
Low and Moderate Income Housing Fund 2
SUPPORTING SCHEDULES AND EXHIBITS:
Schedule 1 - Listing of Assets Transferred to Successor Agency
as of February 1, 2012
Schedule 2 - Transfers to Palm Desert Housing Authority
Schedule 3 - Listing of Assets as of June 30, 2012
Schedule 4 - Unspent Bond Proceeds
Schedule 5 - Summary of Available Resources and Estimated
Spending Requirements
Schedule 6 - Summary of Balance Available for Allocation to Affected
Taxing Agencies
Exhibit lA - Original Stipulation dated May 15, 1991
Exhibit 1 B - Amendment 1 to Original Stipulation dated June 18, 1997
Exhibit 1 C - Amendment 2 to Original Stipulation dated September 20, 2002
Exhibit 2 -Amended and Restated Housing Cooperation Agreement
dated February 14, 2008
Exhibit 3 - Summary of Replacement Reserve Study
Exhibit 4 -Bond Documents
Exhibit 5 -Projected Revenues and Spending Requirements on Annual Basis -
2012 to 2038 and Assumptions Made
Exhibit 6 - Settlement and Release Agreement, City of Palm Desert, Palm Desert
Redevelopment Agency and IS Palm Desert, LP
WHITE NELSON DIEHL EVANS LLP
Pu}'�il :�lil�ll(i[�I:H� LA. �t?I1�11�6J11l�
Independent Accountants' Report on Applying Agreed-Upon Procedures
Related to the Low and Moderate Income Housing Fund
Oversight Board of the Successor Agency
to the Palm Desert Redevelopment Agency
Palm Desert, California
We have performed the minimum required agreed-upon procedures (AUP) enumerated in
Attachment A, which were agreed to by the California Department of Finance, the California State
Controller's Office, the Riverside County Auditor-Controller, and the Successor Agency to the Palm
Desert Redevelopment Agency (Successor Agency), (collectively, the Specified Parties), solely to
assist you in meeting the statutory requirements of Health and Safety Code Section 34179.5 related to
the Low and Moderate Income Housing Fund of the former Palm Desert Redevelopment Agency and
Successor Agency. Management of the Successor Agency is responsible for meeting the statutory
requirements of Health and Safety Code Section 34179.5 related to the Low and Moderate Income
Housing Fund. This agreed-upon procedures engagement was conducted in accordance with attestation
standards established by the American Institute of Certified Public Accountants. The sufficiency of
these procedures is solely the responsibility of those parties specified in the report. Consequently, we
make no representation regarding the sufficiency of the procedures described below, either for the
purpose for which this report has been requested or for any other purpose.
The scope of this engagement was limited to performing the agreed-upon procedures as set forth in
Attachment A. Attachment A also identifies the findings noted as a result of the procedures
performed.
We were not engaged to and did not conduct an audit, the objective of which would be the expression
of an opinion on whether the Successor Agency has met the statutory requirements of Health and
Safety Code Section 34179.5 related to the Low and Moderate Income Housing Fund. Accordingly,we
do not express such an opinion. Had we performed additional procedures, other matters might have
come to our attention that would have been reported to you.
This report is intended solely for the information and use of the Oversight Board and management of
the Successor Agency to the Palm Desert Redevelopment Agency, the California Department of
Finance, the California State Controller's Office, and the Riverside County Auditor-Controller, and is
not intended to be, and should not be, used by anyone other than these specified parties.
L-76.46 &P
Irvine, California
September 20, 2012
1
2875 Michelle Drive,Suite 300,Irvine,CA 92606•Tel: 714.978.1300• Fax: 714.978.7893
Offices located in Orange and San Diego Counties
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A- AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
1. Procedure:
Obtain from the Successor Agency a listing of all assets that were transferred from the former
redevelopment agency's Low and Moderate Income Housing Fund to the Successor Agency on
February 1, 2012. Agree the amounts on this listing to account balances established in the
accounting records of the Successor Agency. Identify in the Agreed-Upon Procedures (AUP)
report the amount of the assets transferred to the Successor Agency as of that date.
Finding:
We agreed the amounts listed on Schedule 1 to account balances as established in the accounting
records of the Successor Agency with no exceptions. The former redevelopment agency
transferred $37,083,543 in assets to the Successor Agency as shown in Schedule 1.
2A. Procedure:
Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods
and services) from the Low and Moderate Income Housing Fund of the former redevelopment
agency to the city that formed the redevelopment agency for the period from January 1, 2011
through January 31, 2012. For each transfer, the Successor Agency should describe the purpose
of the transfer and describe in what sense the transfer was required by one of the Agency's
enforceable obligations or other legal requirements. Provide this listing as an attachment to the
AUP report.
Finding:
This procedure is not applicable as the former redevelopment agency did not make any transfers
from the Low and Moderate Income Housing Fund other than payments for goods and services to
the City of Palm Desert during the period from January 1, 2011 through January 31, 2012.
2B. Procedure:
Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods
and services) from the Low and Moderate Income Housing Fund of the Successor Agency to the
city that formed the redevelopment agency for the period from February 1, 2012 through
June 30, 2012. For each transfer, the Successor Agency should describe the purpose of the
transfer and describe in what sense the transfer was required by one of the Agency's enforceable
obligations or other legal requirements. Provide this listing as an attachment to the AUP report.
Finding:
This procedure is not applicable as the Successor Agency did not make any transfers from the
Low and Moderate Income Housing Fund other than payments for goods and services to the City
of Palm Desert during the period from February 1, 2012 through June 30, 2012.
2
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
2C. Procedure:
For each transfer, obtain the legal document that formed the basis for the enforceable obligation
that required the transfer. Note in the AUP report the absence of any such legal document or the
absence of language in the document that required the transfer.
Finding:
This procedure is not applicable since no transfers were identified as a result of Procedures 2A
and 2B.
3A. Procedure:
Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods
and services) from the Low and Moderate Income Housing Fund of the former redevelopment
agency to any other public agency or to private parties for the period from January 1, 2011
through January 31, 2012. For each transfer, the Successor Agency should describe the purpose
of the transfer and describe in what sense the transfer was required by one of the former
redevelopment agency's enforceable obligations or other legal requirements. Provide this listing
as an attachment to the AUP report.
Finding:
The former redevelopment agency transferred $9,898,437 to the Palm Desert Housing Authority
(Housing Authority) during the period from January 1, 2011 through January 31, 2012 as detailed
in Schedule 2. The transfers were made to provide funds for replacement reserves for the
renovation, rehabilitation and repair for the apartment projects owned by the Housing Authority.
The amounts transferred were based on a replacement reserve study conducted by Association
Reserves, Incorporated for all the apartments projects. The Authority under a court order is
required to maintain a certain level of affordable housing units. The legal basis for the transfer
and the actions taken by the governing boards for the transfers are described below.
On May 15, 1991, the Riverside County Superior Court entered a final judgment incorporating a
Stipulation for Entry of Judgment, among the Palm Desert Redevelopment Agency, the Western
Center on Law and Property, Inc. and California Rural Legal Assistance in connection with City
of Palm Desert v. All Persons Interested, (Case No. Indio 51124). On June 18, 1997 and on.
September 20, 2002, the Riverside County Superior Court entered amendments to the Judgment,
incorporating certain amendments to the Stipulation. The Stipulation, as amended, requires the
Palm Desert Redevelopment Agency to use its 20% housing set aside funds (the "Housing
Funds") and other tax increment funds, if necessary, to develop, rehabilitate or otherwise
financially assist a certain number of affordable housing units and to meet certain affordable
housing needs of the City.
3
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
3A. Finding (Continued):
As part of the implementation of the Stipulation, the Redevelopment Agency and the Palm Desert
Housing Authority entered into a Housing Cooperation Agreement in 2005, which was amended
and restated in 2008 (as amended and restated, the "Cooperation Agreement"). Under the
Cooperation Agreement, the Redevelopment Agency agreed to develop certain affordable
housing units and the Housing Authority agreed to renovate, rehabilitate and repair the
designated affordable apartment projects. Section 5 of the Cooperation Agreement provides that
the entire expense of the renovation, rehabilitation and repair of these apartment projects is to be
borne by the Redevelopment Agency from its Housing Funds, or from a combination of private
funds and the Housing Funds.
By minute actions taken by the respective governing boards on February 10, 2011, the
Redevelopment Agency and the Housing Authority further agreed to establish and fund a
replacement reserve for the renovation, rehabilitation and repair of the apartment projects as part
of the implementation of the Cooperation Agreement.
The amounts transferred are detailed in Schedule 2.
3B. Procedure:
Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods
and services) from the Low and Moderate Income Housing Fund of the Successor Agency to any
other public agency or to private parties for the period from February 1, 2012 through
June 30, 2012. For each transfer, the Successor Agency should describe the purpose of the
transfer and described in what sense the transfer was required by one of the former
redevelopment agency's enforceable obligations or other legal requirements. Provide this listing
as an attachment to the AUP report.
Finding:
The City Council adopted Resolution No. 2012-07 on February 9, 2012 and elected the Palm
Desert Housing Authority (the "Housing Authority"), and not the City, to become the Housing
Successor pursuant to Health and Safety Coder Section 34176. After the adoption of Resolution
No. 2012-07, for accounting purposes, the former redevelopment agency transferred assets as
shown in Schedule 2 to the housing successor authorized under Health and Safety Code
Section 34176(a)(2) pursuant to AB 1484. The transfer of these assets was reported on the
Housing Asset List form filed on July 31, 2012 with the California Depaitinent of Finance (the
"DOF"). The DOF, in a letter dated August 31, 2012, indicated its approval of the Housing Asset
List. The Oversight Board of the Successor Agency is expected to adopt a resolution (the
"Transfer Direction Resolution") on or about October 8, 2012 pursuant to Health and Safety
Code Section 34181, directing the transfer of housing assets to the Housing Authority. The
Successor Agency will proceed to have the Housing Authority reflected as the owner of record
for the relevant accounts and the real property after the Oversight Board's adoption of the
Transfer Direction Resolution.
4
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A- AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
3C. Procedure:
For each transfer, obtain the legal document that formed the basis for the enforceable obligation
that required the transfer. Note in the AUP report that formed the absence of any such legal
document or the absence of language in the document that required the transfer.
Finding:
Attached to this AUP report are the Original Stipulation dated May 15, 1991 and the two
amendments dated June 18, 1997 and September 20, 2002 (Exhibit 1A, IB and IC), the amended
and restated Housing Cooperation Agreement dated February 14, 2008 between the
Redevelopment Agency and the Housing Authority (Exhibit 2) and a summary of results of the
replacement reserve study(Exhibit 3).
4. Procedure:
Obtain from the Successor Agency a summary of the financial transactions of the Redevelopment
Agency and the Successor Agency for the fiscal periods ended June 30, 2010, June 30, 2011,
January 31, 2012 and June 30, 2012. Ascertain that for each period presented, the total of
revenues, expenditures and transfers account fully for the changes in equity from the previous
fiscal period. Compare amounts for the fiscal period ended June 30, 2010 to the state controller's
report filed for the Redevelopment Agency for that period. Compare the amounts for the other
fiscal periods presented to the account balances in the accounting records or other supporting
schedules.
Finding:
This procedure is required by Section 34179.5(c)(4) for the Successor Agency as a whole and
therefore will be addressed in the AUP report associated with all other funds of the Successor
Agency due December 15, 2012.
5. Procedure:
Obtain from the Successor Agency a listing of all assets of the Low and Moderate Income
Housing Fund (excluding assets held by the entity that assumed the housing function previously
performed by the former redevelopment agency) as of June 30, 2012. Agree the assets on listing
to the accounting records of the Successor Agency.
Finding:
As of June 30, 2012, the Successor Agency's total assets related to the former redevelopment
agency's Low and Moderate Income Housing Fund amounted to $36,219,570 as shown in
Schedule 3.
5
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A- AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
6. Procedure:
Obtain from the Successor Agency a listing of asset balances held on June 30, 2012 that were
restricted for the following purposes:
• unspent bond proceeds,
• grant proceeds and program income restricted by third parties, and
• Other assets with legal restrictions.
6A. Procedure- Unspent Bond Proceeds:
Obtain the Successor Agency's computation of the restricted balances and trace individual
components of this computation to related account balances in the accounting records, or to other
supporting documentation. Obtain the legal document that sets forth the restriction pertaining to
these balances. We agreed the par amount of the bonds,the original issue premium, underwriter's
discount, bond insurance premium, cost of issuance and deposits to the escrow fund to the
Official Statement prepared on the issuance of the bonds. We agreed the date and amount of the
bond draw to a request from the Palm Desert Redevelopment Agency to Wells Fargo Corporate
Trust Services request reimbursements for expenditures paid by the Agency. We agreed the
balances at June 30, 2012 to a Statement of Assets held by Wells Fargo Corporate Trust Services.
Finding:
As of June 30, 2012, the Successor Agency had $23,344,715 in unspent bond proceeds as
detailed in Schedule 4. Attached to the report at Exhibit 4 are pages from the Official Statement
prepared on the issuance of the bonds and page 6 from that statement which restricts the use of
the bond proceeds for use on low and moderate income housing activity.
6B. Procedure=Grant Proceeds and Program Income Restricted by Third Parties:
Obtain the Successor Agency's computation of the restricted balances and trace individual
components of this computation to related account balances in the accounting records, or to other
supporting documentation. Obtain a copy of the grant agreement that sets forth the restriction
pertaining to these balances.
Finding:
This procedure is not applicable as the Successor Agency's assets related to the former
redevelopment agency's Low and Moderate Income Housing Fund did not have grant proceeds
and program income restricted by third parties as of June 30, 2012.
6
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A- AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
6C. Procedure - Other Assets Considered to be Legally Restricted:
Obtain the Successor Agency's computation of the restricted balances and trace individual
components of this computation to related account balances in the accounting records or other
supporting documentation. We obtained the legal document that sets forth the restriction
pertaining to these balances.
Finding:
This procedure is not applicable as the Successor Agency's assets related to the former
redevelopment agency's Low and Moderate Income Housing Fund did not have other assets
considered to be legally restricted as of June 30, 2012.
7. Procedure:
Obtain from the Successor Agency a listing of assets of the former redevelopment agency's Low
and Moderate Income Housing Fund as of June 30,2012 that are not liquid or otherwise available
for distribution and ascertain if the values are listed at either purchase cost or market value as
recently estimated by the Successor Agency. For assets listed at purchased cost, trace the amount
to a previously audited financial statement or other accounting records of the Successor Agency
and note any differences. For any differences noted, inspect evidence of asset disposal
subsequent to January 31, 2012 and ascertain that the proceeds were deposited into the Successor
Agency's trust fund. For assets listed at recently estimated market value, inspect evidence
supporting the value and note the methodology used.
Finding:
This procedure is not applicable as the former redevelopment agency's Low and Moderate
Income Housing Fund did not have any assets that were not liquid or otherwise available for
distribution as of June 30, 2012.
8A. Procedure:
If the Successor Agency identified that existing asset balances were needed to be retained to
satisfy enforceable obligations, obtain an itemized schedule of asset balances (resources) as of
June 30, 2012 that were dedicated or restricted for the funding of enforceable obligations.
Compare the information on the schedule to the legal documents that formed the basis for the
dedication or restriction of the resource balance in question. Compare all current balances which
needed to be retained to satisfy enforceable obligations to the amounts reported in the accounting
records of the Successor Agency or to an alternative computation. Compare the specified
enforceable obligations to those that were included in the final Recognized Obligation Payment
Schedule (ROPS) approved by the California Department of Finance. If applicable, identify any
listed balances for which the Successor Agency was unable to provide appropriate restricting
language in the legal document associated with the enforceable obligation.
7
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A- AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
8A. Finding:
This procedure was not applicable as the Successor Agency did not identify any assets to be
retained to fund enforceable obligations.
8B. Procedure:
If the Successor Agency identified that future revenues together with balances dedicated or
restricted to an enforceable obligation are insufficient to fund future obligation payments and
thus retention of current balances is required, obtain from the Successor Agency a schedule of
approved enforceable obligations that include a projection of the annual spending requirements to
satisfy each obligation and a projection of the annual revenues available to fund those
requirements. Compare the enforceable obligations to those that were approved by the California
Department of Finance for the six month period from January 1, 2012 through June 30, 2012 and
for the six month period July 1, 2012 through December 31, 2012. Compare the forecasted
annual spending requirements to the legal document supporting the enforceable obligation and
obtain the Successor Agency's assumptions relating to the forecasted annual spending
requirements. Obtain the Successor Agency's assumptions for the forecasted annual revenues.
Disclose the major assumptions for the forecasted annual spending requirements and the
forecasted annual revenues in this AUP report.
Finding:
The Successor Agency has identified two enforceable obligations that require the retention of
current available resources.
The first enforceable obligation is required by a Stipulation (Case No. Indio 51124) that required
the former Palm Desert Redevelopment to meet certain affordable housing needs of the City of
Palm Desert. This enforceable obligation is described in more detail in Finding 3A. The
enforceable obligation is reported as a stipulated judgment on line 32 for project area 1, Line 32
in Project Area 2, Line 13 in project area 3 and line 21 in Project Area 4 of the ROPS filed for
the period January 1, 2012 to June 30, 2012. The requirement for the enforceable obligation is
the Original Stipulation and two subsequent amendments which are attached as Exhibits 1A, 1B
and 1C to this report.
The second enforceable obligation is the Settlement and Release Agreement dated
February 29, 2009 between the City of Palm Desert,the Palm Desert Redevelopment Agency and
IS Palm Desert, LP (Park Owner), to resolve disputes between the Park Owner and the residents
of the Indian Springs Mobile Home Park Homeowners' Association. With respect to the
settlement, within 30 days after delivery of the "Final Public Report" issued to the Park Owner
by the Department of Real Estate, Section 4 (a) of the Park Owner Agreement directs the City's
Redevelopment Agency to provide purchase loan assistance in a total sum of $5,000,000 to
qualified Park residents who are Low, Very Low or Extremely Low Income. The Agency has not
provided any loan assistance under this agreement as a Final Public Report has not been issued.
This enforceable obligation is reported on Line 9 of the ROPS filed for the period
January 1,2012 to June 30, 2012.
8
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A- AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
8B. Finding (Continued):
The Successor Agency has prepared a projection that shows total resources available to satisfy
these enforceable obligations amounting to $250,062,194 (Schedule 5) which includes
$12,874,855 in cash and investments held by the Successor Agency. The projected property taxes
of $204,570,847 are amounts that would have been available to meet the requirements of the
these enforceable obligations after reducing the amounts to be received for the 20 percent set-
aside requirements less the debt service for bond debt service related to the low and moderate
income"housing fund. The total estimated spending requirements are $278,544,037. The total
resources available less the estimated spending requirements results in a projected deficit of
$28,491,843 as shown in Schedule 5. Exhibit 5 shows the annual projected revenues and annual
estimated spending requirements. The assumptions for the projected revenues and the spending
requirements are shown in Exhibit 6.
8C. Procedure:
If the Successor Agency identified that projected property tax revenues and other general purpose
revenues to be received by the Successor Agency are insufficient to pay bond debt service
payments (considering both the timing and amount of the related cash flows), obtain a schedule
demonstrating this insufficiency. Compare the timing and amounts of bond debt service
payments to the related bond debt service schedules in the bond agreement. Obtain the
assumptions for the forecasted property tax revenues and other general purpose revenues and
disclose them in this AUP report.
Finding:
This procedure is not applicable as the Successor Agency did not identify any assets to be
retained under this procedure
8D. Procedure:
If Procedures 8A, 8B and 8C were performed, calculate the amount of unrestricted balances
necessary for retention in order to meet enforceable obligations. Combine the amount identified
as currently restricted balances and the forecasted annual revenues to arrive at the amount of total
resources available to fund enforceable obligations. Reduce the total resources available by the
amount of forecasted annual spending requirements. Include the calculation in this AUP report.
Finding:
The calculation of the amount of unrestricted balances necessary for retention in order to meet
enforceable obligations is shown in Schedule 5. The projected spending requirements exceeds the
resources available which indicates that the unrestricted cash balance of$12,874,855 be retained
by the Successor Agency.
9
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ATTACHMENT A- AGREED-UPON PROCEDURES AND FINDINGS
RELATED TO THE LOW AND MODERATE INCOME HOUSING FUND
9. Procedure:
If the Successor Agency identified that cash balances as of June 30, 2012 need to be retained to
satisfy obligations on the Recognized Obligation Payment Schedule (ROPS) for the period of
July 1, 2012 through June 30, 2013, obtain a copy of the final ROPS for the period of
July 1, 2012 through December 31, 2012 and a copy of the final ROPS for the period
January 1, 2013 through June 30, 2013. For each obligation listed on the ROPS, the Successor
Agency should identify (a) any dollar amount of existing cash that was needed to satisfy the
obligation, and (b).the Successor Agency's explanation as to why the Successor Agency believes
that such balances were needed to satisfy the obligation. Include this schedule as an attachment
to this AUP report.
Finding:
This procedure is not applicable as the Successor Agency did not identify any assets to be
retained under this procedure.
10. Procedure:
Present a schedule detailing the computation of the Balance Available for Allocation to Affected
Taxing Agencies. Amounts included in the calculation should agree to the results of the
procedures performed above. Agree any deductions for amounts already paid to the County
Auditor-Controller on July 12, 2012 as directed by the California Department of Finance to
evidence of payment.
Finding:
The schedule detailing the computation of the Balance Available for Allocation to Affected
Taxing Agencies is shown in Schedule 6. The computation shows that the Successor Agency
does not have a balance available to be remitted to the County for disbursements to taxing
agencies.
11. Procedure:
Obtain a representation letter from management of the Successor Agency acknowledging their
responsibility for the data provided and the data presented in the report or in any schedules or
exhibits to the report. Included in the representations is an acknowledgment that management is
not aware of any transfers (as defined by Section 34179.5) from either the former redevelopment
agency or the Successor Agency to other parties for the period from January 1, 2011 through
June 30, 2012 that have not been properly identified in this AUP report and its related schedules
or exhibits. Management's refusal to sign the representation letter should be noted in the AUP
report as required by attestation standards.
Finding:
No exceptions were noted as a result of this Procedure.
10
SCHEDULE 1
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
LISTING OF ASSETS TRANSFERRED TO SUCCESSOR AGENCY
As of February 1,2012
Total
Assets
as of
February 1,2012
ASSETS
Cash and investments $ 13,688,843
Cash with fiscal agent(Bond Trustee) 23,394,700
TOTAL ASSETS $ 37,083,543
NOTES:
(A) The assets of the Palm Desert Housing Authority and the Redevelopment Agency Low and Moderate Income
Housing Fund have been combined and reported in the Special Revenue Fund on the State Controller's Report
filed by the Palm Desert Redevelopment Agency. On the previous years audited financial statements,the assets
of the Palm Desert Housing Authority and the Redevelopment Agency Low and Moderate Income Housing
Fund are reported separately.The above listing includes only the transferred assets of the former redevelopment
agency's Low and Moderate Income Housing Fund.
(B) For accounting purposes,the following assets recorded in the Low and Moderate Income Housing Fund were
transferred to the Palm Desert Housing Authority(Housing Successor)on February 1,2012 pursuant to Health
and Safety Code Section 34176(a)(2). See Finding 3B for additional information.
Accounts receivable $ 23,996
Interest receivable 36,493
Loans 6,787,629
Prepaid costs 130
Advances from other funds(SERAF) 17,821288
Property held for resale 3,671,674
$ 28,341,210
SCHEDULE 2
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
TRANSFERS TO THE PALM DESERT HOUSING AUTHORITY
FOR THE PERIOD JANUARY 1,2011 THROUGH JANUARY 31,2012:
Date of Enforceable Obligation/Other
Transfer Description of Transfer Purpose of Transfer Amount Legal Requirement Supporting Transfer
3/31/2011 Transfer to Palm Desert Housing Provide funds for replacement reserves for $ 5,363,100 See explanation in the finding to Procedure 3A
Authority 10/11 Allocation Low Moderate Income Housing Apartments in Attachment A to the AUP report for
requirements supporting transfer
6/30/2011 Transfer to Palm Desert Housing Provide funds for replacement reserves for 2,353.396 See explanation in the finding to Procedure 3A
Authority 10/11 Allocation Low Moderate Income Housing Apartments in Attachment A to the AUP report for
requirements supporting transfer
7,716,496
1/31/2012 Transfer to Palm Desert Housing Provide funds for replacement reserves for See explanation in the finding to Procedure 3A
Authority Low Moderate Income Housing Apartments 2,181,941 in Attaclunent A to the AUP report for
requirements supporting transfer.This was
also reported on the ROPS for the period
January 1,2012 to June 30,2012.
Project Area 1-Line 33 for$1,618,199.25
Project Area 2-Line 36 for$179,799.92
Project Area 3-Line 14 for$179,799.92
Project Area 4-Line 22 for$179,799.92
Total amount reported was$2,157,599.01
TOTAL TRANSFERS $ 9,898,437
FOR THE PERIOD FEBRUARY 1,2012 THROUGH JUNE 30,2012
Date of Enforceable Obligation/Other
Transfer Description of Transfer Purpose of Transfer Amount Legal Requirement Supporting Transfer
2/1/2012 Transfer of Loan Receivable of Transfer Housing Assets to the Palm See explanation in the finding to Procedure 3B
$6,787,629 and accrued interest of Desert Housing Authority in Attachment A to the AUP report for
$36,493 to the Palm Desert Housing $ 6,824,122 requirements supporting transfer
Authority
2/1/2012 Transfer of Land Held for Resale to Transfer Housing Assets to the Palm See explanation in the finding to Procedure 3B
to Palm Desert Housing Authority Desert Housing Authority in Attachment A to the AUP report for
$ 3,671,674 requirements supporting transfer
2/1/2012 Transfer of Real Property to Transfer Housing Assets to the Palm See explanation in the finding to Procedure 3B
Palm Desert Housing Authority Desert Housing Authority in Attachment A to the AUP report for
$ 70,940,835 requirements supporting transfer
2/1/2012 Transfer of Personal Property to Transfer Housing Assets to the Palm See explanation in the finding to Procedure 3B
Palm Desert Housing Authority Desert Housing Authority in Attachment A to the AUP report for
$ 6,441 requirements supporting transfer
2/1/2012 Transfer of Deferred Loans to Transfer Housing Assets to the Palm See explanation in the finding to Procedure 3B
Palm Desert Housing Authority Desert Housing Authority in Attachment A to the AUP report for
$ 23,996 requirements supporting transfer
2/1/2012 Transfer of Amounts Owed to Low Transfer Housing Assets to the Palm See explanation in the finding to Procedure 3B
and Moderate Income Housing for Desert Housing Authority in Attachment A to the AUP report for
amounts previously borrowed to $ 17,821,288 requirements supporting transfer
fund SERAF payments
SCHEDULE 3
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
LISTING OF ASSETS
As of June 30,2012
Total
Assets
as of
June 30, 2012
ASSETS
Cash and investments $ 12,874,855
Cash with fiscal agent(Bond Trustee) 23,344,715
TOTAL ASSETS $ 36,219,570
SCHEDULE 4
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
UNSPENT BOND PROCEEDS
Par Amount of 2007 Bonds $ 86,155,000.00
Plus:Original Issue Premium 3,945,150.95
Less:Underwriter's Discount (387,697.50)
Less:Bond Insurance Premium (687,000.00)
Bond Proceeds 89,025,453.45
Series 2007 Bond Proceeds per Transcript 89,025,453.45
Less:COI (318,507.83)
Less:Escrow Fund to pay$48M Bonds (39,706,945.62)
Net Project Funds 49,000,000.00
Deposit to Project Fund 49,000,000.00
Accumulated Interest 3,034,929.94
Reimbursement Requests: Date
07-SA-001 2/27/2007 (3,363,107.86)
07-SA-002 2/28/2007 (180,579.16)
07-SA-003 3/31/2007 (1,907,049.91)
07-SA-004 4/30/2007 (1,081,767.07)
07-SA-005 5/31/2007 (587,656.23)
07-SA-006 6/30/2007 (185,354.29)
07-SA-007 7/31/2007 (261,865.17)
07-SA-008 8/31/2007 (149,425.07)
07-SA-009 9/30/2007 (1,729,470.77)
07-SA-010 10/31/2007 (965,927.86)
07-SA-01 1 11/30/2007 (2,613,354.62)
07-SA-012 12/31/2007 (1,163,487.36)
07-SA-013 1/31/2008 (4,751.83)
07-SA-014 2/29/2008 (2,762,257.38)
07-SA-015 3/31/2008 (228,944.02)
07-SA-016 4/30/2008 (585,369.17)
07-SA-017 5/31/2008 (1,136,520.83)
07-SA-018 6/27/2008 (147,789.41)
07-SA-019 7/25/2008 (322,428.91)
07-SA-020 8/31/2008 (1,469,690.61)
07-SA-021 9/30/2008 (642,064.32)
07-SA-022 10/31/2008 (418,978.40)
07-SA-023 11/30/2008 (422,630.47)
07-SA-024 12/31/2008 (299,847.85)
07-SA-025 1/31/2009 (226,683.91)
07-SA-026 2/28/2009 (396,183.70)
07-SA-027 3/31/2009 (2,768,598.15)
07-SA-028 5/15/2009 (103,326.19)
07-SA-029 6/19/2009 (84,483.00)
07-SA-030 8/14/2009 (364,043.69)
07-SA-031 1/22/2010 (94,850.30)
07-SA-032 6/25/2010 (514,547.07)
07-SA-033 12/31/2010 (134,070.32)
07-SA-034 2/25/2011 (22,631.13)
•
07-SA-035 8/12/2011 (1,268,504.47)
07-SA-036 9/21/2011 (18,000.98)
07-SA-037 10/31/2011 (2,879.50)
07-SA-038 1/31/2012 (31,089.18)
07-SA-039 3/15/2012 (2,497.50)
07-SA-040 5/23/2012 (27,507.50)
Remaining Project Funds 23,344,714.78
Actual Current Balance(including interest earned) $ 23,344,714.78
SCHEDULE 5
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
SUMMARY OF AVAILABLE RESOURCES AND ESTIMATED SPENDING REQUIREMENTS
AVAILABLE RESOURCES:
CURRENT RESOURCES:
Cash and investment balances at June 30,2012 $ 12,874,855
PROJECTED REVENUES:
Property tax to be received from stipulation $ 204,570,847
SERAF repayment 17,821,288
Proceeds from Hovley note payoff 6,787,629
proceeds from deferred home loan payoffs 8,007,575
TOTAL PROJECTED REVENUES 237,187,339
TOTAL RESOURCES AVAILABLE 250,062,194
SPENDING REQUIREMENTS:
Administration 51,128,291
Programs:
Palm Desert Housing Authority Net Operating Costs 10,653,407
ARR 7,407,599
Home improvement program 841,773
Affordability covenant maintenance 841,773
Home buyer assistance 8,417,726
Capital Projects:
Indian Springs MHP agreement 5,000,000
Desert Point rehabilitation 5,000,000
Las Serenas expansion 22,250,000
Sagecrest Apartments construction 6,000,000
15 acre site acquisition 2,250,000
15 acre site development 20,500,000
Complex acquisition 20,000,000
Rehabilitation of complex 30,000,000
NS Parklands apaituients constructions 15,000,000
Replacement Expenditures:
California Villas 11,042,721
Candlewood 2,198,565
Carlos Ortega 3,518,771
Catalina Gardens 4,514,472
Desert Point 4,580,821
La Rocca Villas 2,210,020
Laguna Palms 3,876,607
Las Serenas 7,850,031
Las Serenas II 5,009,968
Neighbors 1,746,325
One Quail Place 18,657,647
Palm Village 4,581,267
Pueblos 982,710
Sagecrest 910,562
Taos Palms 1,582,981
TOTAL SPENDING REQUIREMENTS 278,554,037
NET DEFICIT(SPENDING REQUIREMENTS
EXCEED RESOURCES AVAILABLE) $ (28,491,843)
SCHEDULE 6
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
SUMMARY OF BALANCE AVAILABLE FOR ALLOCATION TO AFFECTED TAXING AGENCIES
As of June 30,2012
Total amount of assets held by the Successor Agency as of June 30,2012-(Procedure 5) $ 36,219,570
Less assets legally restricted for uses specified by debt covenants,grant restrictions,
or restrictions imposed by other governments-(Procedure 6) (23,344,715)
Less assets that are not cash or cash equivalents (e.g.,physical assets)-(Procedure 7) -
Less balances that are legally restricted for the funding of an enforceable obligation
(net of projected annual revenues available to fund those obligations)-(Procedure 8) (12,874,855)
Less balances needed to satisfy ROPS for the 2012-13 fiscal year-(Procedure 9) -
Less the amount of payments made on July 12,2012 to the County Auditor-Controller
as directed by the California Department of Finance -
Add the amount of any assets transferred to the City for which an enforceable
obligation with a third party requiring such transfer and obligating the use of
the transferred assets did not exist-(Procedures 2 and 3) -
Amount to be remitted to County for disbursement to taxing agencies $ -
EXHIBIT 1A
ORIGINAL STIPULATION
DATED MAY 15, 1991
J
1 RICHARDS, WATSON & GERSHON
A Professional Corporation
2 WILLIAM L. STRAUSZ, State Bar No. 58410 K
CHRISTI HOGIN, State Bar No. 138649 FI1„ rrrr«+}!
Dit Cuur4
3 DEBORAH R. HAKMAN, State Bar No. 136663 cumnI
333 South Hope Street, 38th Floor
4 Los Angeles, California 90071-1469 �(' 1D • ii
(213) 626-8484
5 ARTHM A.Sltt:,t„s.'.t
Attorneys for Defendants CITY OF ay J� f.° �,� P.G.So an.
6 PALM DESERT, CITY COUNCIL OF THE Orpufl►
CITY OF PALM DESERT, PALM DESERT
7 REDEVELOPMENT AGENCY, WALTER H. �Q
SNYDER, RICHARD S . KELLY, S. ROY 1f\
8 WILSON, JEAN M. BENSON and
BUFORD A. CRITES
9
10
SUPERIOR COURT OF THE STATE OF CALIFORNIA
11
FOR THE COUNTY OF RIVERSIDE
12
13
14 CITY OF PALM SPRINGS, ) Case No. INDIO 51124
15 Plaintiff, ) ( ] JUDGMENT PURSUANT
TO STIPULATION
16 vs. )
17 ALL PERSONS INTERESTED IN THE )
MATTER OF THE REDEVELOPMENT PLAN )
18 FOR THE PALM. DESERT REDEVELOPMENT )
PROJECT AREA NO. 2, et. al. , )
19 )
Defendants. )
21
22 IT IS HEREBY ADJUDGED, ORDERED AND DECREED that final
23 judgment be entered in this case pursuant to the terms and
24 conditions of the Stipulation for Entry of Judgment, attached
25 hereto, and pursuant to the terms and conditions of the Settlement
26 Agreement and Mutual Release incorporated therein, true and
27 ///
28 ///
RICHARDS,
WATSON&
GERSHON
ATTORNEYS AT LAW
1840087
1 correct copies of which are filed herewith as Exhibits 1 and 2,
2 respectively, and are incorporated herein by reference.
3
4 DATED: - '4 V.-9 1 •
6 JUDGE OF THE SUPERIOR COURT
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RICHARDS.
WATSON&
GERSHON [PROPOSED]JUDGMENT PURSUAN 3
ATTORNEYS AT LAW
910508 gk (2) - 2 - TO STIPULATION
1840087
4010
1 RICHARDS, WATSON & GERSHON
A Professional Corporation
2 333 South Hope Street, 38th Floor
Los Angeles, California 90071-1469
3 (213) 626-8484
4
5 Attorneys for Defendants CITY OF
PALM DESERT, CITY COUNCIL OF THE
6 CITY OF PALM DESERT, PALM DESERT
REDEVELOPMENT AGENCY, WALTER H.
7 SNYDER, RICHARD S. KELLY, S. ROY
WILSON, JEAN M. BENSON and
8 BUFORD A. CRITES
9
10 SUPERIOR COURT OF THE STATE OF CALIFORNIA
11 FOR THE COUNTY OF RIVERSIDE
12
13
CITY OF PALM SPRINGS, ) Case No. INDIO 51124
14 )
Plaintiff, ) STIPULATION FOR ENTRY OF
15 ) JUDGMENT
vs. )
16 ) CASE NO. INDIO 51143
ALL PERSONS INTERESTED IN THE )
17 MATTER OF THE REDEVELOPMENT PLAN )
FOR THE PALM DESERT REDEVELOPMENT )
18 PROJECT AREA NO. 2 , et. al. , )
19 Defendants. )
20 )
SUNRISE DESERT PARTNERS, a )
21 California limited partnership dba )
SUNRISE COMPANY, )
22 )
Plaintiff/Petitioner, )
23 )
vs. )
24 )
ALL PERSONS INTERESTED IN THE )
25 MATTER OF THE REDEVELOPMENT PLAN )
FOR PROJECT AREA NO. 2 , et al. , )
26 )
Defendants/Respondents. )
27 )
28 ///
RICHARDS.
WATSONO & [PROPOSED] JUDGMENT
W
GERSHON PURSUANT TO STIPULATION
ATTORNEYS AT LAW
0320015
s
1 CITY OF INDIAN WELLS, ) CASE NO. INDIO 51159
a municipal corporation, )
2 )
Plaintiff/Petitioner, )
3 )
vs. )
4 )
ALL PERSONS INTERESTED IN THE )
5 MATTER OF THE REDEVELOPMENT PLAN )
FOR PROJECT AREA NO. 2, et al. , )
6 )
Defendants/Respondents. )
7 )
8
9 IT IS HEREBY STIPULATED by and between defendants
10 Alphonse Sanchez ("Interested Party") , City of Palm Desert
11 ("City") and Palm Desert Redevelopment Agency ("Agency") through
12 their respective counsel, that judgment in this action be entered
13 on the following terms:
14 1. The Agency shall develop, rehabilitate or acquire,
15 or cause to be developed, rehabilitated or acquired, within the
16 City of Palm Desert, housing units in the amounts and during the
17 times specified in this paragraph:
18 a. Before December 31, 1995, not less than the
19 following units shall be developed or acquired:
20 (i) . 366 housing units occupied by and available
21 at affordable housing cost to very low income households;
22 (ii) . 367 housing units occupied by and available
23 at affordable housing cost to persons and families of low income;
24 and
25 (iii) . 367 housing units occupied by and available
26 at affordable housing cost to persons and families of low or
27 moderate income.
28 ///
RtCHARDS•
WATSON& [PROPOSED] JUDGMENT
GERSHON 900621 ajh 0 - 2
ATTORNEYS AT LAW PURSUANT TO STIPULATION
0320015 •
1 b. In addition to the housing units described in
2 paragraph l.a. , above, an additional 100 housing units occupied
3 by and available at affordable housing cost to very low income
4 households and an additional 60 housing units occupied by and
5 available at affordable housing cost to lower income households
6 shall be developed. . Development of these units shall be
7 commenced within 120 days after the average occupancy rate on the
8 very low and low income units developed or acquired pursuant to
9 paragraph 1. a. (i) and (ii) is 90% or more during any calendar
10 month, and development shall proceed with reasonable diligence to
11 completion. The Agency shall maintain the average monthly
12 occupancy rate of the units developed under paragraph 1.a(i) and
13 (ii) .
14 c. In addition to the housing units described in
15 paragraph l.a and b, above, ,before December 31 , 1992 , not less
16 than 255 existing housing units shall be acquired. These 255
17 existing housing units may include up to 191 mobilehome spaces and
18 the remainder shall be housing units. Not less than 21 units (or
19 spaces) shall be occupied by and available at affordable housing
20 cost to very low income households and not less than an
21 additional 78 units (or spaces) shall be occupied by and
22 available at affordable housing cost to lower income households.
23 The remainder of these units shall be unrestricted.
24 Beginning July 1, 1994, and continuing
25 through the life of the redevelopment projects in the City, he
26 4tiferoWicsbell,develop, rehabilitate or acq ire. sufficient housing
27 to. beet .the city's -existing vend future housing needs -.Very low
28 and idwer income households; ogWversOns and families of low or
RICHAROS,
WATSON&
GERSHON 900621 ajh 0 - 3 - [PROPOSED) JUDGMENT
ATTOFI NEYB AT L AVV
PURSUANT TO STIPULATION
0320015
1 ate ,income,, # ;; ,--,-Valid Housing Element,,:
2 periodically revised as required in Government Code Section
3 65588 (b) . alitmgtim,stay -..deduct from its •existing needs, which are:
4 id8014tied -in the Housing Element it is required to revise by
5 July 1, 1994, the number of very low, low and moderate income *
6 units it develops pursuant to this agreement in excess of 394 very
7 low, 477 low and 442 moderate income units.
8 2 . In meeting the requirements of paragraph 1.a, 1.b
9 and 1.c, the Agency shall utilize taxes which are allocated to it
10 pursuant to Health and Safety Code Section 33670 to the extent
11 necessary. With respect to the requirements of paragraph l.d,
12 the Agency shall utilize taxes which are' so allocated to it from
13 Project Area No. 2, to the extent necessary but at least at the
14 level required by Health and Safety Code Section 33334 . 2 (a) , and
15 shall utilize at least the level required by Health and Safety
16 Code Sections 33334 . 2 (a) and 33334. 6 (c) from Project Area No. 1,
17 As Amended, to be deposited in a Low and Moderate Income Housing
18 Fund (the "L & M Fund") . The use of taxes allocated to the Agency
19 in excess of the levels required in Health and Safety Code Segtion
20 33334 . 2 (a) ("excess tax increments") shall not be deemed to
21 create a lien on excess tax increments which is prior to or on a
22 parity with prior indebtedness payable from excess tax
23 increments. "Prior indebtedness" means indebtedness (i) existing
24 as of the date of this Stipulation, or (ii) incurred by the
25 Agency after it shall have made a written finding at a public
26 meeting by resolution appearing on the agenda, but not as part of
27 the consent calendar that those excess tax increments are not, and
28 will not be necessary to meet the housing requirements set forth
RICHARDS,
WATSON& - - [PROPOSED] JUDGMENT
GERSHON 900621 ajh 04 ATTORNEYS AT LAWPURSUANT TO STIPULATION
0320015
Ors+
1 in paragraph l.a. , 1.b. , and l.c. , with respect to Project Areas
2 Nos. 1 and 2, and in paragraph 1.d with respect to Project Area
3 No. 2 . Such finding shall be made only if reasonably supported by
4 a report which indicates (i) the last equalized roll of taxable
5 property in all Project Areas of the Agency, (ii) the projected
6 assessed value of such taxable property for the following five
7 years, (iii) the projected amounts to be set aside into the Low
8 and Moderate Income Housing Fund pursuant to Sections 33334 .2 (a)
9 and 33334 . 6(c) , (iv) the housing specified in paragraph l.a, b and
10 c, (v) the projected housing needs included in the requirements
11 set forth in paragraph 1.d for the life of Project Area No. 2,
12 which shall be based upon a forecast by a state agency or by the
13 council of governments, currently the Southern California
14 Association of Governments, with the responsibility to determine
15 regional housing needs under Government Code Section 65584, and
16 (vi) the estimated amounts of money necessary to meet the
17 requirements of paragraph 1, including the estimated total costs
18 of subsidizing housing affordable to the households enumerated in
19 paragraph 5,. for the time periods specified in paragraph 6, 1.4hich
20 estimated total costs shall include, to the extent necessary,
21 costs of developing, maintaining and managing the housing units.
22 The report shall include evidence and analysis reasonably
23 supporting and substantiating the projections in the report and
24 the finding to be made by the Agency.
25 3 . In meeting the requirements of paragraph 1, the
26 Agency may acquire existing housing units which are already
27 available at affordable cost to low or moderate income persons
28 only if the time for maintaining the affordability of those units
RICHARDS.
WATSON&
GERSHON 900621 ajh 0 - 5 - [PROPOSED) JUDGMENT
ATTORNEYS AT LAv'/
PURSUANT TO STIPULATION
0320015
fir'
1 is extended by at least 15 years for rental housing and by at
2 least 10 years for for-sale housing and if the units comply with
3 the provisions of this Stipulation. For the purpose of
4 determining the number of very low, low and moderate income units
5 acquired under this paragraph and the credit to be given to the
6 Agency for housing units required under paragraph 1, the number
7 of housing units acquired shall be multiplied by a fraction,
8 equal to or less than one, whose denominator is 30 and whose
9 numerator is the number of years added to the time the units will
10 be maintained at affordable costs and occupied by persons and
11 families of low or moderate income. The following is an example
12 of the foregoing formula applied to the acquisition of 100 units
13 which were available at affordable cost for 10 years prior to
14 acquisition and which are to be maintained at affordable cost for
15 a total of 30 years after acquisition:
16 100 units x 20/30 = 67 units
17 4 . The Agency may promulgate other regulations
18 regarding the occupancy of housing described in this Stipulation
19 which is in accordance with law.
20 5. Housing units required to be available at
21 affordable housing cost to very low and low income households and
22 persons and families of low or moderate income under paragraphs 1
23 and 20 shall be affordable to, and, to the extent feasible,
24 occupied by, households with the following incomes:
25 a. For very low income households, at least one-
26 third of the housing units shall be affordable to households with
27 35 percent or less of the median income, adjusted for family
28 size, for the Riverside-San Bernardino Metropolitan Statistical
RICHARDS.
WATSON& [PROPOSED] JUDGMENT
GERs 900621 ajh 0 — 6
ATTORNEYSS AT LAW - PURSUANT TO STIPULATION
A L
0320015
1 Area ("SMSA") and the remainder shall be affordable to households
2 with 45 percent or less of the median income, adjusted for family
3 size, for the SMSA.
4 b. For lower income households, at least one-
5 third of the housing units shall be affordable to households with
6 55 percent or less of the median income, at least one-third shall
7 be affordable to households with 65 percent or less of the median
8 income and the remainder shall be affordable to households with 75
9 percent or less of the median income, all adjusted for family
10 size, for the SMSA.
11 c. For persons and families of moderate income
12 all the units shall be at least affordable to households who come
13 within the definition of persons and families of low or moderate
14 income in Health and Safety Code Section 50093 and who cannot
15 afford housing at the market .rate as provided in Health and
16 Safety Code Section 33334 . 2 (e) (8) , adjusted for family size.
17 6. All housing units developed, rehabilitated or
18 acquired by the Agency under the requirements of this Stipulation
19 shall be maintained at affordable housing costs, as specified in
20 paragraph 5, for the longer of the times provided in Health and
21 Safety Code Sections 33334 . 3 and 33413, as amended, but not less
22 than either the total period of the land use controls in the
23 Redevelopment Project Area No. 2, or 30 years, whichever is
24 greater, except as provided in paragraph 3 .
25 7. Housing units developed, rehabilitated or acquired
26 pursuant to paragraph 1 shall meet the City's housing needs by
27 family size and household type.
28 /// [PROPOSED) JUDGMENT
FIICtiAFDS, PURSUANT TO STIPULATION
WATSON&
GERSHON 900621 ajh 0 - 7 -
ATTOANEYS AT LAW '
0320015
1 a. Housing units acquired, developed,
2 rehabilitated or otherwise assisted by the Agency shall meet the
3 needs of low and moderate income persons and families and very
4 low income households by family size (numbers of bedrooms) and
5 household type (senior/family) , as identified in a City Housing
6 Element which is consistent with the latest, updated U.S. Census
7 and which complies with the provisions of state law.
8 b. As for housing units required to meet the
9 needs of large families (four or more bedrooms) , the Agency shall
10 determine the number of those units required to be developed,
11 rehabilitated or acquired under paragraph 1.d. by multiplying its
12 future regional needs for very low and lower income households by
13 a fraction whose denominator is the City's existing need for very
14 low and lower income households (overpayment needs) determined
15 pursuant to paragraph 7 .a and whose numerator is the City's
16 existing need for such very low and lower income households which
17 are also large families (households in need of four or more
18 bedrooms) . 3/^
19 c. Housing units developed pursuant to this c r?
20 Stipulation shall be rented., on a "priority basis", according to
21 the following range of occupancy:
22 Unit Type Number of Occupants
23 Studio 1-2
24 One-bedroom 2 or more
25 Two-bedroom 2-4 or more
26 Three-bedroom 4-6 or more
27 Four-bedroom 6-8 or more
28 ///
RicHARns• [PROPOSED) JUDGMENT
WATSON& PURSUANT TO STIPULATION
GERSHON 900621 ajh 0 — 8 —
ATTORNEY*AT LAW
0320015
1 A "priority basis" means that vacant units will be held available
2 for households within the range of occupancy for at least 60
3 days.
4 d. The Agency shall require the owner of any
5 housing units developed, rehabilitated or acquired pursuant to
6 paragraph 1, to maintain waiting lists, to offer vacant units to
7 households on the waiting list on a priority basis and to notify
8 the following entities of any units required to be available to
9 very low and lower income households which remain vacant for more
10 than 30 days:
11 i. the Agency,
12 ii. the Riverside County Housing Authority,
13 iii . Catholic Charities in the Coachella Valley,
14 iv. California Rural Legal Assistance,
15 v. Coachella ,Valley Housing Coalition.
16 8 . The units developed or assisted by the Agency shall
17 be subject to good cause eviction procedures in accordance with
18 Title 24 of the Code of Federal Regulations, Part 247 , revised as
19 of April 1, 1989 .
20 9. The Agency shall insure, through written agreements
21 with owners of housing developed, rehabilitated or acquired
22 pursuant to this Stipulation, that such housing units are
23 initially occupied and continue to be occupied by households and
24 families within the income categories specified in paragraphs 1
25 and 20. The Agency shall also insure, through written agreements
26 with owners of housing developed, rehabilitated and acquired
27 pursuant to this Stipulation, that such units are adequately
28 ///
RIc 4ARDS. [PROPOSED] JUDGMENT
wArsoN&
GERSHON 900621 ajh 0 - 9 - PURSUANT TO STIPULATION
ATTOANrf9 AT LAW
0320015
1 maintained during the time they are required to remain available
2 at affordable cost under paragraph 6.
3 10. The Agency and the owner of housing units
4 developed pursuant to this Stipulation, shall continually
5 advertise with the Riverside County Housing Authority and any
6 other housing authority with jurisdiction in the City, the
7 availability of those units.
8 11. a. The Agency shall enter into a written
9 regulatory agreement with each owner of housing developed,
10 rehabilitated or acquired pursuant to this Stipulation. Such
11 written regulatory agreement shall contain covenants and
12 restrictions running with the land which implement the
13 requirements of paragraphs 1, 5, 6, 7 , 8, 9, 10 and 14 of this.
14 Stipulation and the requirements of Health and Safety Code Section
15 33334 . 3 (e) , as amended. The• covenants and restrictions shall be
16 enforceable by the Agency and the City, or Interested Party;
17 provided that prior to the commencement of any action to enforce
18 such covenants or restrictions, the Interested Party shall have
19 given not less than 60 days prior written notice to the Agency and
20 the City of its intent to so commence and of the alleged breach of
21 covenant or restriction. The Agency shall require the recording
22 of such written regulatory agreement in the office of the county
23 recorder in accordance with Government Code Section 27281. 5. Such
24 written regulatory agreements shall comply with all of the
25 requirements of Civil Code Section 1468, as amended, and even if
26 not required shall identify a parcel or parcels owned by the City
27 as the parcel to be benefitted by the covenants and restrictions .
28 running with the land.
RICHARDS•
WATSON& [PROPOSED] JUDGMENT
GERSHON 900621 ajh 0 — 10 - PURSUANT TO STIPULATION
ATTQA'!Y5 AT LAW
0320015
1 b. If commercially feasible, the regulatory
2 agreement shall provide for a power of termination or other
3 similar property interest in housing projects the Agency finances
4 or otherwise assists under this Stipulation. The regulatory
5 agreement shall also provide that, notwithstanding the power of
6 termination, a breach of the regulatory agreement's covenants,
7 conditions and restrictions, and the Agency' s exercise of the
8 power of termination, shall not defeat or render invalid the lien
9 of any mortgage or deed of trust made in good faith and for value
10 as to such property or any part thereof; but such covenants,
11 conditions, and restrictions, including such power of termination,
12 shall be binding upon and effective against any owner of said
13 property whose title is acquired by foreclosure, trustee' s sale,
14 or otherwise.
15 12 . In connection. with its obligation to develop or
16 assist in the development of housing affordable to persons and
17 families of low or moderate income, the Agency shall give
18 reasonable priority to either of the following:
19 a. Non-profit developers which have the capacity
0 _
20 to and interest in developing such housing units, and
21 b. Sponsors or developers who agree to maintain
22 the affordability of units for a longer time than the minimum
23 required in paragraph 6.
24 13 . Notwithstanding paragraph 7 , the size of the units
25 developed or acquired under paragraph l.a. will be distributed,
26 within each income category, as follows:
27 ///
28 /// •
RICHARos.WATSON& [PROPOSED]] JUDGMENT
GERSHON 900621 ajh 0 - 11 - PURSUANT TO STIPULATION
ATTORNEYS AT LAW
0320015
1 Studio, at most 17%
2 one-bedroom 25-35%
3 two-bedroom, at least 32% .
4 three-bedroom, at least 16%
5 14. Interested Party will receive a first priority to
6 purchase or rent any appropriately sized, affordable unit
7 developed by the Agency, including any self-help housing.
8 15. The City and Redevelopment Agency shall adopt
9 5-year implementation plans commencing October 1, 1990, for the
10 expenditure of its Low and Moderate Income Housing Fund and the
11 plan shall contain the same information specified for the plan
12 provided in Health and Safety Code Section 33334 . 10 .
13 16. The Agency and City shall comply with requirements
14 of this Stipulation notwithstanding the provisions of the Pledge
15 Agreement dated September 8, -1988 , between Riverside County
16 Housing Authority and the City of Palm Desert regarding the
17 contingency of the hotel development and the term of affordability
18 requirements so that housing units are maintained in accordance
19 with paragraph 6.
20 17 . If any of the provisions of this Stipulation for
21 Entry of Judgment requires the Agency to develop housing which'
22 would be subject to Article 34 of the California Constitution, the
23 percentage of units in a housing development available at
24 affordable housing costs to very low and/or low income households
25 can be limited to the percentage which would not cause such
26 housing to be subject to Article 34 under the circumstances in
27 subparagraphs a. b. and c. , below; provided that as long as
28 Article 34 applies to both very low and low income rental units,
RICHARDS,
WATSON& [PROPOSED] JUDGMENT
GERSHON 900621 ajh 0 - 12 -
ATTORNEYS ATLAw PURSUANT TO STIPULATION
0320015
1 any reduction shall be in the same proportion as the percentage
2 of units required to be available at affordable housing costs to
3 very low and low income households, respectively, under the
4 provisions of paragraphs 1.d or 20. The provisions of this
5 paragraph shall apply only if all of the following conditions are
6 met:
7 a. The proposed housing project is not excluded
8 from the application of Article 34 under Health and Safety Code
9 Section 37000 et seq. , or other applicable laws, and cannot be so
10 excluded by redesigning, reconfiguring or restructuring the
11 project.
12 b. The City does not have Article 34 authority
13 which is applicable to the proposed housing project.
14 c. The City has held an unsuccessful Article 34
15 referendum election within the prior four years, which would have
16 been applicable to the proposed housing project.
17 18. Upon written request by Interested Party or his
18 counsel, the Agency shall expeditiously send to counsel for
19 Interested Party, any public records regarding the implementation
20 of this Stipulation, including a copy of the report required by
21 Health and Safety Code Section 33080. 1 (c) and the data required to
22 be obtained under Health and Safety Code Section 33418 , as soon as
23 such public records are available.
24 19. In November 1988, the Riverside County Housing
25 Authority (the "Housing Authority") issued $99, 000, 000 principal
26 amount of its revenue bonds. From the proceeds of the bonds,
27 approximately $70 , 000, 000 has been reserved for the purpose of
28 acquiring and constructing affordable housing within the {{
RICHARDS,
WATSON& [PROPOSED] JUDGMENT
GERSHON 900621 ajh 0 — 13 -
ATTORNEYS AT LAWPURSUANT TO STIPULATION
0320015
1 territorial limits of the city. The Agency participated in the
2 revenue bond program in an effort to cause the acquisition and
3 development of affordable housing units in the City. In the view
4 of the Agency, the promises of the Agency set forth in paragraphs
5 l.a. , l.b. and l.c. are ambitious and such promises are dependent
6 in large part upon the timely use of such revenue bond proceeds
7 reserved for the Agency. In August, 1989 a portion of the
8 proceeds of the revenue bonds were used by the Housing Authority
9 to acquire a 64 unit apartment building complex in the City. In
10 August, 1989 the Housing Authority adopted a resolution of
11 necessity to acquire a 191 unit mobilehome park in the City. In
12 addition to the acquisition of the 64 units and 191 units
13 described in paragraph 1.c, above, it was also contemplated at the
14 time of issuance of the revenue bonds that the Housing Authority
15 would acquire an additional 1100 apartment units to be constructed
16 in the City. The obligations of the Agency hereunder with respect
17 to the foregoing acquisitions and the mix of affordability of the
18 units contemplated thereby is described in paragraphs 1.a. and
19 1.c. Subsequent to the issuance of the revenue bonds, it has come
20 to the attention of the Agency that an apartment building complex
21 in the City (commonly known as "One Quail Place") has been the
22 subject of a foreclosure and that the foreclosing entity is
23 interested in selling One Quail Place. The Agency has
24 communicated to the sellers that the Agency is interested in
25 acquiring One Quail Place. The Agency has in turn contacted the
26 Housing Authority and indicated that the Agency is desirous of
27 having the Housing Authority acquire One Quail Place from revenue
28 and bond proceeds reserved for the Agency. The Agency is also
RICHAROS,
WATSON& [PROPOSED] JUDGMENT
A ON YS AT LAW RSHON 900621 ajh 0 _ 14 _ PURSUANT TO STIPULATION
0320015
Saw Nvoll
1 itself contemplating the acquisition of One Quail Place by issuing
2 bonds secured in part by the L & M Fund, for eventual sale to the
3 Housing Authority. In the event the Agency acquires One Quail
4 Place or causes its acquisition, it is the intent of the parties
5 to this Stipulation that those units may be used to satisfy the
6 requirements of paragraph l.a. , to the extent those units comply
7 with all of the provisions of this Stipulation which are
8 applicable to paragraph l.a. and to the extent provided in
9 paragraph 3 .
10 20. If, at the end of any fiscal year as of July 1,
11 1995, the Agency is not in compliance with the requirements in
12 paragraph 1.d, the Agency shall adopt a plan not later than
13 December 31 of the immediately succeeding calendar year to bring
14 itself into compliance by the end of the next fiscal year. Until
15 such compliance has been achieved, the Agency shall not assist
16 any development which individually does not meet the following
17 requirements:
18 a. Not less than 50 percent of such units shall be
19 available at affordable costs to, and occupied by very low income
20 households.
21 b. The remainder of the units shall be available
22 at affordable costs to, and occupied by lower income households
23 and persons and families of moderate income in the same
C"
24 proportion as the City' s share of the regional housing needs for
25 those two income groups, as determined pursuant to Government
26 Code Section 65584 , except that the Agency may allocate the units
27 for moderate income households to units for very low and/or low
28 income households.
RICHARDS, [PROPOSED] JUDGMENT
WATSON& PURSUANT 900621 e j h 0 15 TO STIPULATION
ATTORNEYS AT LAW
0320015
1 Upon request by Interested Party or his counsel, the
2 Agency shall send counsel for Interested Party a copy of any such
3 plan as soon as it is proposed or adopted and a copy of any of the
4 Agency's annual reports.
5 21. The Agency shall send by first-class mail copies of
6 all agenda packets to California Rural Legal Assistance, to
7 Jonathan Lehrer-Graiwer and to the Western Center on Law and
8 Poverty at the same time those agenda packets are distributed to
9 the Agency Board.
10 22. The definitions contained in Health and Safety Code
11 Sections 50052 . 5, 50079.5, 50093 and 50105 as they currently
12 exist, shall apply to this Stipulation for Entry of Judgment and
13 the term "affordable cost" shall include "affordable rent."
14 23 . The terms "develop, rehabilitate or acquire, "
15 either individually or conjunctively, include actions by the
16 Agency which cause or assist another entity to develop,
17 rehabilitate or acquire.
18 24 . For the purpose of enforcing the terms of this
19 Stipulation, "Interested Party" shall include low or very low
20 income households who would qualify for the housing to be
21 developed under paragraph 1.
22 25. Notwithstanding paragraph 2 , the Agency may spend
23 monies from the L & M Fund which are derived from the territory
24 added to Project Area No. 1, As Amended, for the purpose ofC,
25 paying the debt service requirements on its Palm Desert
26 Redevelopment Agency, Project Area No. 1, As Amended (Added
27 Territory Only) Tax Allocation Bonds, Issue of 1988, or a
28 ///
RICHARDS, [PROPOSED] JUDGMENT
WATSON& PURSUANT TO STIPULATION
GERSNON 900621 ajh 0 - 16 -
A1TOANEY3 AT LAW
0320015
1 refinancing thereof which decreases such debt service require-
2 ments.
3 26. Notwithstanding paragraph 2 , provided it has made a
4 written finding reasonably supported by the same evidence
5 described under paragraph 2 , that a portion of the L & M Fund
6 derived from Project Area No. 1, As Amended, is riot, and will not
7 be necessary to meet the housing requirements set forth in
8 paragraph 1, the Agency may use moneys in the L & M Fund derived
9 from Project Area No. 1, As Amended, for the development of
10 housing units which are subject to all of the provisions of this
11 Stipulation, except the requirements of paragraphs 5.a and 5.b., as
12 long as such housing units are in addition to the requirements of
13 paragraph 1.
14 27. Interested Party releases, waives and forever
15 discharges City and Agency from any and all claims raised in this
16 action, or which could have been raised in this action, except as
17 specifically provided in this Stipulation for Entry of Judgment
18 and the City and Agency release, waive and forever discharge
19 interested party from any and all claims which they may have
20 against him in connection with this action.
21 28 . The City and/or Agency agree to pay the Western
22 Center on Law and Poverty, the California Rural Legal Assistance
23 and Jonathan Lehrer-Graiwer, a maximum of $56,000 as attorneys'
C"
24 fees to be calculated by multiplying the total number of attorney
25 hours expended on the case by the reasonable hourly rate that
26 persons of equivalent experience and quality are charging in the
27 community. The City and Agency have been informed of the hourly
28 rates of the attorneys for Interested Party and those rates are
RICHARDS,
WATSON& [PROPOSED] JUDGMENT
GERSHON 900621 ajh 0 - 17 - PURSUANT TO STIPULATION
ATTOANEY5 AT LAW
0320015
1 deemed reasonable. Such fees shall be paid upon provision by
2 counsel for Interested Party to the Agency of attorneys' time
3 records. With the exception of such payment of attorneys ' fees,
4 Interested Party, the City and Agency shall bear their own costs,
5 attorneys ' fees and expenses incurred in connection with this
6 action.
7 29. The laws of the State of California shall govern
8 this Stipulation for Entry of Judgment in all respects,
9 including, but not limited to, matters of construction, validity,
10 enforcement and interpretation. This Court shall maintain
11 continuing jurisdiction for the purpose of enforcing the judgment
12 entered pursuant to this Stipulation for Entry of Judgment. If
13 any motion or legal action is brought to enforce, construe,
14 interpret or invalidate the terms of the judgment entered
15 pursuant to this Stipulation. for Entry of Judgment, the
16 prevailing party shall be entitled to all costs and expenses
17 incurred in any such action including court costs and reasonable
18 attorney' s fees to the extent provided by California law, in
19 addition to any other relief to which they may be entitled from
20 the losing party. Upon a noticed motion, the Court may award
21 attorneys ' fees to counsel for Interested Party for any
22 significant time spent in enforcing the provisions of the
23 judgment entered herein. C"
24 30. All notices to be delivered pursuant to the terms
25 of this Stipulation for Entry of Judgment shall be in writing and
26 shall be delivered either in person or by U.S. mail or some other
27 delivery service, verifying delivery of the notice to the address
28 listed below for the respective parties.
RICHAROS, [PROPOSED] JUDGMENT
WATSON a
GERSHON 900621 ajh 0 - 18 - PURSUANT TO STIPULATION
ATTORNEYS AT LAW
0320015
1 If to counsel for Interested Party:
2 Western Center on Law and Poverty, Inc.
3535 West Sixth Street
3 Los Angeles, California 90020
4 California Rural Legal Assistance
1030 Sixth Street, Suite 6
5 P. O. Box 35
Coachella, California 92236
6
Jonathan Lehrer-Graiwer
7 4727 Wilshire Blvd, Suite 500
Los Angeles, California 90010
8
If to the City:
9
David J. Erwin, Esq.
10 Best, Best & Krieger
P.O. Box 1555
11 Rancho Mirage, California 92271
12 If to the Agency:
13 William L. Strausz
Richards, Watson & Gershon
14 333 South Hope Street
Suite 3800
15 Los Angeles, California 90071
16 Mr. Carlos L. Ortega
Executive Director
17. Palm Desert Redevelopment Agency
City Hall
18 P.O. Box 1977
Palm Desert, California 92261
19
Any of the foregoing addresses may be changed by written
20
notice in accordance with this paragraph.
21
• If notice is given it shall be deemed effective upon the
22
date of actual receipt as evidence by personal acknowledgement,
23
return receipt or other comparable means.
24
31. This Stipulation for Entry of Judgment may be
25
signed in counterparts.
26
32. If Interested Party objects to the written finding
27 I
made by the Agency pursuant to paragraph 2 , or to the report upon
28
OS.
WAATSOTSON
[PROPOSED]] JUDGMENT
GERSHON 900621 ajh 0 - 19 - • PURSUANT TO STIPULATION
ATTORNFY9 AT LAW
0320015
� 4
1 which it is based, Interested Party may bring an appropriate
2 motion pursuant to paragraph 29 or an action challenging the
3 written finding. Such motion or action shall be brought within
4 the time now specified by Code of Civil Procedure Section 860 on
5 the date of this Stipulation. In any action to challenge or
6 attack a finding made by the Agency under paragraph 2, exhaustion
7 of administrative remedies shall not be applicable and the
8 standard of judicial review applied by the court to determine
9 whether the finding is supported by evidence shall be as
10 determined by the law at that time.
11 33 . The Judgement entered pursuant to this Stipulation
12 shall be recorded in the records of the Riverside County
13 Recorder.
14 Dated: , 1990
ALPHONSO SANCHEZ
15
16
California Rural Legal Assistance
17
18 Dated: , 1990
By:
19 7'�-� EILEEN MCCARTHY
1
20 Dated / , 1990 ( 1
f / w
21 // JANATHAN LEHRER-GRAIWER//
Attorneys for Interested Party
22 (//
23 Dated: , 1990 Western Center on Law and Poverty
24 0
25 By:
RICHARD A. ROTHSCHILD
26 Attorney for Interested Party
27 [Signatures Continue]
28 ///
RICHARDS,
WATSON&
GERSHON 900621 ajh 0 - 20 -
ATTORNEYS AT LAW
0320015
[PROPOSED] JUDGMENT
PURSUANT TO STIPULATION
1 which it is based, Interested Party may bring an appropriate
2 motion pursuant to paragraph 29 or an action challenging the
3 written finding. Such motion or action shall be brought within
4 the time now specified by Code of Civil Procedure Section 860 on
5 the date of this Stipulation. In any action to challenge or
6 attack a finding made by the Agency under paragraph 2, exhaustion
7 of administrative remedies shall not be applicable and the
8 standard of judicial review applied by the court to determine
9 whether the finding is supported by evidence shall be as
10 determined by the law at that time.
11 33 . The Judgement entered pursuant to this Stipulation
12 shall be recorded in the records of the Riverside County
13 Recorder.11 r
14 Dated: 4f vL9- , 1990 '� v, /k4
ALPHbNSO SANCHEZ
15
16 California Rural Legal Assistance
17
18 Dated: !yw'►.�. f' , 1990 / rL 6-64A_4A-la
G By:
19 EN MCCARTHY
20 Date . �- , 1990
AVIAN LEHRER-GkAIWER
21 ttorneys for Interest Party
22
23 Dated: , 1990 Western .Center on Law and Poverty
24 `7
25 By:
RICHARD. A. RCTHSCHILD
26 Attorney for Interested Party
27 [Signatures Continue]
28 /// [PROPOSED] JUDGMENT
WA-MODS, PURSUANT TO STIPULATION
GERSHON 900621 la 0
TOANR`/e AT LAW
0320015
1 which it is based, Interested Party may bring an appropriate
2 motion pursuant to paragraph 29 or an action challenging the
3 written finding. Such motion or action shall be brought within
4 the time now specified by Code of Civil Procedure section 860 on
5 the date of this Stipulation. In any. aotion to challenge or
6 attack a finding made by the Agency under paragraph 2, exhaustion
7 of administrative remedies shall not be applicable and the
8 standard of judicial review applied by the court to determine
•
9 whether the finding is supported by evidence shall be as
10 determined by the law at that time.
11 33. The Judgement entered pursuant to this Stipulation
- 12 • shall be recorded in the records of the RiversideCounty
13 Recorder.n /� ,^ Q , r �1� / Q�
14 Dated: /`y� , 1990 ajAr J✓(Y ,` e2i4 "b
ALPHbNSO SANCHEZ
15
16
California Rural Legal Assistance
17
18 Dated: 04 - e9 , 1990
By: 2::(z2.-„-- //4
19 / EN MCCARTHY
20 Date . �--/ , 1990
9
21 AT.HAN LEHRER-GRAIWER
ttorneys for Interest Party
22
23 Dated: c ° l� - , 1990 Western .Center on Law and Poverty
!
24t. )
25 By:,
RIMARD. A. ROTHSCHILD C'
26 Attorney for Interested Party
27 [Signatures Continue]
28 ///
RICHARDS,
WATSON&
4eI9noN 900521 ejh 0 — 20 ATTOPN/YS AT LAW [PROPOSED] JUDGMENT
0320015 PURSUANT TO STIPULATION
1 Dated: ?L' . , 1990 City of Palm Desert
2 ' /// -
3 By: �� i=? am- ( < < l - .
4 Mayor f the City of Palm Desert
5 TcTEST:
1
7 !/
City Clerk of the City of
8 Palm Desert
9 Palm Desert Redevelopment Agency
10 ---� / �j )
11 BY, —- �.�. -
12 Chairman of the Palm Desert
Redevelopment Agency
13
14 ATTEST:
15 - /
17 Secretary, P lm Desert
Redevelopment Agency
18
19
Dated: // / /�. , 1990 By: .
20
Attorney for C y of Palm
21 Desert and Palm Desert
Redevelopment Agency
22
23
24
25
C"
26
27
28
RICHARDS.
WATSON&
GERSHON 900621 ajh 0 " 21 —
ATTORNEYS ATLAW [PROPOSED] JUDGMENT
0320015 PURSUANT TO STIPULATION
EXHIBIT 1B
AMENDMENT 1 TO ORIGINAL STIPULATION
DATED JUNE 18, 1997
1 RICHARDS, WATSON & GERSHON
A Professional. Corporation
2 333 South Hope Street, 38th Floor II IL a ilD
Los Angeles, California 90071-1469 MMUMICECOUNTY
3 (213) 626-8484
4 Attorneys for Defendants CITY OF 3 1q 1997
PALM DESERT, CITY COUNCIL OF THE kRYHUR A SllutS,Clerk
5 CITY OF PALM DESERT, PALM DESERT
REDEVELOPMENT AGENCY, WALTER H. 8y /il.-ge M. DePutY Vazquez
.
6 SNYDER, RICHARD S. KELLY, S. ROY
WILSON, JEAN M. BENSON and
7 BUFORD A. CRITESM A
GED
9 SUPERIOR COURT OF THE STATE OF CALIFORNIA
10 FOR THE COUNTY OF RIVERSIDE
11
12 CITY OF PALM SPRINGS, ) CASE NO. INDIO 51124
) [Consolidated with
13 Plaintiff, ) CASE NOS. INDIO 51143,
51159]
14 vs. )
STIPULATION AMENDING
15 ALL PERSONS INTERESTED IN THE ) STIPULATION FOR ENTRY OF
MATTER OF THE REDEVELOPMENT PLAN ) JUDGMENT; EXHIBIT "A";
16 FOR THE PALM DESERT REDEVELOPMENT ) [-RgHEP-1 ORDER
PROJECT AREA NO. 2, et. al. , )
17 ) '
Defendants.
18 )
)
19 SUNRISE DESERT PARTNERS, a ) _
California limited partnership dba )
20 SUNRISE COMPANY, )
)
21 Plaintiff/Petitioner, )
22 vs. )
23 ALL PERSONS INTERESTED IN THE )
MATTER OF THE REDEVELOPMENT PLAN )
24 FOR PROJECT AREA NO. 2, et al. , )
25 Defendants/Respondents. )
26
27
28 [Caption Continues]
RICHARDS,
WATSON&
GERSHON
ATroRNEYS AT LAW
0321481
CITY OF INDIAN WELLS, a municipal )
corporation, )
2 )
Plaintiff/Petitioner, )
3 )
vs. )
4
ALL PERSONS INTERESTED IN THE )
5 MATTER OF THE REDEVELOPMENT PLAN )
FOR PROJECT AREA NO. 2, et al. ,
6 )
Defendants/Respondents. )
7 )
8
9 RECITALS
10
11 1. On May 15, 1991, this Court entered a Final
12 Judgment ("Judgment") in these consolidated actions. The Judgment
13 incorporates the terms of a Stipulation for Entry of Judgment
14 ("Stipulation") in Case No. 51124 and a Stipulation for Entry of
15 Judgment pursuant to Settlement Agreement and Mutual Release
•
16 ("Settlement Agreement") in Case No. 51124.
17 2. The Stipulation and the Settlement Agreement are
18 wholly distinct agreements, involving different issues and
1g different parties. The Stipulation is attached to the Judgment as
20 Exhibit 1 thereto. The Settlement Agreement is attached to the
21 Judgment as Exhibit 2 thereto.
22 3. The Stipulation imposes certain ongoing obligations
23 on the Palm Desert Redevelopment Agency (the "Agency") with
24 respect to`affordable housing in the City of Palm Desert. The
25 Stipulation provides by its terms that this Court has continuing
26 jurisdiction over the matters set forth in the Stipulation for
27 purposes of enforcement of the Stipulation.
28 ///
RICHARDS. — 2 — STIPULATION AMENDiNd STIPULATION FOR
WATSON& 970605 P6402-00106 us(1)GERSHON ME ENTRY OF JUDGMENT;E7CH1BIT"A';[PROPOSED]ORDER
ATTOANOY$AT UW
0321481
1 4. The Agency has made a good faith effort to meet its
2 housing production obligations under the Stipulation. In light of
3 the foregoing, the parties to the Stipulation are entering into
4 this Stipulation Amending Stipulation for Entry of Judgment and
5 will continue to negotiate in good faith regarding the enforcement
6 and/or modification of the other terms of the Stipulation in
7 addition to the modifications covered by this Stipulation Amending
S Stipulation for Entry of Judgment.
9 5. The parties to the Stipulation now wish to amend
10 the Stipulation as set forth below and to have the Court enter an
11 Amendment to Judgment.
12 NOW THEREFORE, IT IS HEREBY STIPULATED, by and between
13 Alfonso Sanchez ("Interested Party") , defendants the City of Palm
14 Desert (the "City") and the Agency through their respective
15 counsel, that the Stipulation be amended as follows, and that an
16 Amendment to Judgment be entered in those consolidated actions
17 consistent with this Stipulation Amending Stipulation for Entry of
18 Judgment, in the form attached here as Exhibit "A."
19 1. Paragraph 34 is hereby added to the Stipulation to
20 read as follows:
21
22 "Notwithstanding the other provisions of this
23 Stipulation, the Agency may incur indebtedness and
24 pledge tax increment, other than amounts required to be
25 set aside in the L&M Fund, to its repayment (i) to
26 refinance its bonds or other obligations, including
27 providing insurance and alternate security 'for a reserve
{
28 fund, so long as (a) the total amount of debt service
RICHARDS,WATSON& 970605 P6402-00106 sas(1) — 3 - STIPULATION AMENDING STIPULATION FOR
GERSHON ENTRY OP JUDGMENT;EXHIBIT"A";[PROPOSED]ORDER
ArrOFweva Ar v.W
0321481
1 payable in connection with such refinancing is less than
2 the total amount of debt service remaining to be paid on
3 the bonds or other obligations to be refinanced, or
4 (b) the total amount of debt service payable in
5 connection with such refinancing reflects a present
6 value savings when compared with the total amount of
7 debt service remaining to be paid on the bonds or other
8 obligations to be refinanced; and (ii) to replace the
9 reserve fund for its existing bonds or other obligations
10 with a surety bond or other alternate security, so long
11 as the annual debt service requirements on such bonds or
12 other obligations is not increased by such replacement."
13
14 2. Paragraph 35 is hereby added to the stipulation to
15 read as follows:
16
17 "Notwithstanding the other provisions of this
18 Stipulation, the Agency may incur indebtedness and/or
19 refinance indebtedness, and pledge L & M Funds to its
20 repayment, including providing insurance and alternate
21 security for a reserve fund, so long as the proceeds
22 thereof are used to acquire rental housing projects and
23 other residential dwelling units located in the City of
24 Palm Desert which are owned and operated by the
25 Riverside County Housing Authority."
26
27 3. Paragraph 36 is hereby added to the Stipulation to
28 read as follows:
RICHARDS, - 4 - STIPULATION AMENDING STIPULATION FOR
WATSON& 970505 P6402-00106 asa(1) ENTRY OF JUDGMENT;EXHIBIT"A";[PROPOSED)ORDER
QERSI-tON
ATTORNEY*AT LAW
0321481
1 "Funds equivalent to (1) all of the reduction in •
2 debt service and in other monetary costs resulting from
3 the indebtedness or refinancing described in
4 Paragraph 35, and (2) any administrative or other
5 savings achieved by any acquisition of, restructuring of
6 ownership or management, or operation of housing units
7 owned and/or operated by the Riverside County Housing
8 Authority, regardless of whether any bonds are
9 refinanced, shall be used exclusively for acquiring,
10 developing, rehabilitating, or otherwise assisting
11 housing units occupied by and available at affordable
12 housing costs to very low income households pursuant to
13 this Stipulation. Such indebtedness or refinancing may
14 include the financing of rehabilitation costs of rental
• 15 units for occupancy and availability at affordable
16 housing costs to very low income households.
17 a. Such savings shall be used for the
18 development, acquisition or, if necessary, the
19 rehabilitation, of either rental housing, self-help
• 20 housing or repossessed properties, and other for-sale
21 housing, except that it may not be used to displace
22 lower income households. The term development includes
23 subsidizing existing units not occupied by lower income
24 households.
25 b. Self-help housing shall be defined as
26 housing in which at least 40 percent of the labor used
27 in constructing the housing is contributed by the
28 participants of the program.
RICHARDS. — 5 — STIPULATION AMENDING STIPULATION FOR
GEASHON SON Sc 970605 P6402 00106 aas(1) ENTRY OF JUDGMENT;EXHIBIT"A";[PROPOSED)ORDER
ER
ATTORNEYS AT LAW
0321481
1 c. Any self-help project shall utilize
2 experienced, reliable developers, with a track record of
3 successfully developing at least 20 units of self-help
4 housing within the last five years. In choosing a
5 developer, the Agency shall give a preference to non-
6 profit developers which have successfully developed
7 50 or more units of self-help new construction housing
8 units within the last five years. 'Preference' means
9 the selection of a non-profit over a profit motivated
10 developer where the non-profit development proposal does
11 not exceed the cost of a for-profit development proposal
12 equalized for the proposed quality of construction and
13 given developers of like experience.
14 d. The development or acquisition of any
15 project involving for-sale housing shall meet the
16 following costs and subsidy criteria. For-sale housing
17 shall not include self-help housing as defined in
18 subparagraph b above, but shall include housing
19 developed or acquired by the Agency which is intended o
20 be sold to lower income households.
21 (i) The total cost of development of any
22 housing unit, including but not limited to acquisition,
23 construction, financing and rehabilitation costs, except
24 housing which has been acquired or developed prior to
25 the date of the Stipulation Amending Stipulation for
26 Entry of Judgment adding this Paragraph 36, shall not
27 exceed the median cost of development of newly
28 constructed housing units of similar type (e.g. ,
RICHARDS, - 6 - STIPULATION AMENDING STIPULATION FOR
QE S & 470605 Pbd{12-Ob106 sal{I) ENTRY OP JUDGMENT;EXHIBIT"A";[PROPOSED]ORDER
QRSHDN
ATTORNEYS AT LAW
0321481
1 condominiums versus free-standing units) , with the same
2 number of bedrooms and of similar size in Riverside
3 County during the previous year.
4 (ii) The amount of Agency subsidy for
5 each for-sale unit shall not exceed the present
6 value of the median cost of the Agency subsidies
7 over 30 years for rental units of the same bedroom
8 count and affordability level, as developed or
9 acquired by the Agency under this Stipulation. "
10
11 4. Subparagraph b of Paragraph 1 of the Stipulation is
12 hereby amended to read as follows:
13
14 "b. In addition to the housing units described in
15 paragraph 1.a, above, an additional 100 housing units
16 occupied by and available at affordable housing cost to
17 very low income households and an additional 60 housing
18 units occupied by and available at affordable housing
19 cost to lower income households shall be developed.
20 Development of these units shall be commenced within 120
21 days after the average occupancy rate on either the very
22 low and low income ownership units or the very low and
23 low income rental units developed or acquired pursuant
24 to paragraph l.a (i) and (ii) is 90 percent or more
25 during any calendar month, and development shall proceed
26 with reasonable diligence to completion. The Agency
27 shall maintain the average monthly occupancy rate of the
28 units developed under paragraph 1.a (i) and (ii) . "
RICHARDS,
WATSON& 970605 P6402-00106 gas(1) - 7 - STIPULATION AMENDINO STIPULATION FOR
GERSHON ENTRY OP JUDGMENT;EXHIBIT"A";(PROPOSED)ORDER
A rroaN@YS AT LAW
0321481
1 5. Paragraph 37 is hereby added to the Stipulation to
2 read as follows:
3
4 "Funds equivalent to all of the reduction in debt
5 service achieved by the refinancing described in
6 Paragraph 34 shall be subject to the Agency's
7 obligations under Paragraph 1 of this Stipulation, as
8 provided under Paragraph 2. Any savings achieved by
9 such refinancing bonds shall not be exempt from the
10 Agency's obligations under Paragraph 1 as the result of
11 any resolution previously adopted by the Agency pursuant
12 to paragraph 2 or as the result of any indebtedness
13 previously incurred by the Agency on the basis of those
14 prior resolutions, except to the extent that funds are
15 legally obligated and necessary to pay prior
16 indebtedness validly adopted pursuant to those
17 resolutions."
18
19 6. Subparagraph a of Paragraph 1 of the Stipulation is
20 hereby amended to read as follows:
21
22 "a. (i) Before January 1, 2002, not less than the
23 following units shall be developed or acquired:
24 (a) 366 housing units occupied by and
25 available at affordable housing cost to very low income
26 households. The parties agree that as of the date of
27 the Stipulation Amending Stipulation for Entry of
28 Judgment, the Agency has developed or acquired some of
RICHAROS, - 8 - STIPULATION AMFltDiNd STIPULATION FOR
WATSON& 970605 P6402-00106 au(1)
GERSHON ENTRY OF 1UDGMENT;EXHIBIT"A`;[PROPOSED]ORDER
ATTORNEYS AT LAW
0321481
1 the units mandated by Paragraph 1(a) (i) of the
2 Stipulation. Not less than one-half of the 'remaining'
3 housing units, as identified by the parties in
4 subparagraph (iv) of this paragraph, below, shall be
5 developed or acquired by January 1, 2001; and
6 (b) 367 housing units occupied by and
7 available at affordable housing cost to persons and
8 families of low income. The parties agree that as of
9 the date of the Stipulation Amending Stipulation for
10 Entry of Judgment, the Agency has developed or acquired
11 some of the units mandated by Paragraph 1(a) (ii) of the
12 Stipulation. Not less than one-half of the 'remaining'
13 housing units, as identified by the parties in
14' subparagraph (iv) of this paragraph, below, shall be
15 developed or acquired by January 1, 2001.
16 (ii) The parties agree that as of the date of
17 the Stipulation Amending Stipulation for Entry of
18 Judgment, the Agency has developed or acquired some of
19 the 367 units to be occupied by _and -available at
20 affordable housing cost to persons and families of low
21 or moderate income described in Paragraph 1(a) (iii) of
22 the Stipulation. In lieu of the 'remaining' portion of
23 the 367 housing units in subparagraph 1(a) (iii) of the
24 Stipulation, the Agency shall instead, before January 1,
25 2006, develop or acquire units occupied by and available
26 at affordable housing cost to very low income
27 households. The numbers of such very-low income housing
28 units to be developed or acquired shall be 20 percent of
RICHARDS,
WATSON& 970605 P6402-00106 us(1) - 9 - STIPULATION AMENDING STIPULATION FOR
GERSHON ENTRY OF JUDGMENT;EXHIBIT•A';(PROPOSED)ORDER
ATTORNEYS AT LAW
0321481
1 the 'remaining' moderate income housing units, as
2 identified by the parties in subparagraph (iv) of this
3 paragraph, below. For example, if 238 of the 367
4 moderate income units remain to be developed or acquired
5 by the Agency, 20 percent of 238, rounded, would be 48
6 .very--low income units. Such very low income units shall
7 be developed or acquired by January 1, 2006.
8 (iii) Before July 31, 1997, the Agency shall
9 provide to counsel for Interested Party a complete
10 listing of the following information with respect to the
11 housing units developed or acquired by the Agency as of
12 April 15, 1997 :
13 (a) The address and unit number, or in
14 lieu of the unit number, the exact number of units
15 designated in each property for low, very low, and
16 moderate income households;
17 (b) The number of bedrooms in the unit;
18 •
(c) The nature of the unit (ownership,
19 rental, mobilehome space)
20 (d) The date acquired or developed by
21 the Agency;
22 (e) The date first occupied following
23 acquisition or development by the Agency;
24 (f) The income category assigned to the
25 unit (low, very low, moderate income) , if any;
26 (g) The income level of the tenant
27 (i.e. , percent of median income) ;
28 (h) If the unit is vacant, the reason
RICHARDS. - 10 - STIPULATION A1t�f 1DIN0 STIPULATION FOR
WATSON& 970605 P6402-00106 w(1)
GERSHON ENTRY OF JUDOMBNT;maro3 T"A';[PROPOSED]ORDER
ATTORNEYS AT LAW
032I481
1 for the vacancy, the length of time the unit has been
2 vacant, and the date when the unit will be available for
3 occupancy; and
4 (i) The total number of units developed
5 or acquired in each status of unit (i.e. , very low
6 income, low income, moderate income) .
7 (iv) Within a reasonable time after the
8 complete list referred to in subparagraph (iii) of this
g paragraph is delivered to counsel for Interested Party,
10 the parties shall calculate and agree to the remaining
11 number of units and bedroom sizes to be developed or
12 acquired in each status of unit (i.e. , very low income,
13 low income, and moderate income) , in accordance with
14 subparagraphs (i) and (ii) of this paragraph above."
15
16 7. Nothing in this Stipulation Amending Stipulation
17 for Entry of Judgment shall constitute a waiver of requirements
18 in, or a modification of any provisions of, the Stipulation, other
19 than those explicitly addressed herein.
20 8. This Stipulation Amending Stipulation for Entry of
21 Judgment may be executed in counterparts.
22 9. The Agency agrees to pay to the Western Center on
23 Law and Poverty, California Rural Legal Assistance and Jonathan
24 Lehrer-Graiwer an aggregate total of $35,467 .00 as attorneys' fees
25 and an aggregate total of $1,255.00 as costs. With the exception
26 of such payment of attorneys' fees and costs, Interested Party,
27 ///
28 Ili
RICHARDS, — 11 - STIPULATION AMENDING STIPULATION FOR
QERSHN& 97�605 P6402-00106 ass(i)
ERSHON ENTRY OF JUDGMENT;EXHIBIT•A';[PROPOSED]ORDER
ATCORNEY9 AT LAW
0321481
1 the City and the Agency shall bear their own costs, attorneys'
2 fees and expenses incurred in connection with this Stipulation
3 Amending Stipulation for Entry of Judgment.
5 Dated: �L? ( I , 1997 G'L% aL-'
ALFONSO SANCHEZ
6
•
7 Dated: , 1997 By:
JONATHAN LEHRER-GRAIWER
8 Attorneys for Interested Party
9
1.0 Dated: , 1997 CALIFORNIA RURAL LEGAL ASSISTANCE
11
•
12 By:
EILEEN McCARTHY
13
14 Dated: , 1997 WESTERN CENTER ON LAW AND POVERTY
15 •
16 _ By:
DARA L. SCHUR
17 Attorney for Interested Party
•
18
19 Dated: _._1997_ CITY OF PALM DESERT
20
21 By:
RICHARD S. KELLY
22 Mayor of the City of Palm
Desert
23 ATTEST:
24
25
SHEILA R. GILLIGAN
26 City Clerk of the City of
Palm Desert
27
28 [signatures continue] , •
RICHARDS,WAT — 12 — STIPULATION IPULATlON AMENDING STIPULATION GERSHONFOR.S & 970605 pyt02 OOIQ6 us(1) ENTRY OF JUDGMENT;EXHIBIT"A";[PROPOSED]ORDER
Ar1oaNEYs AT LAW
0321477
DATED: June 16, 1997
ALF SO SANCHEZ
DECLARATION OF TRANSLATION
I, Carmen Lopez Rodriguez, declare that I am fluent in both the Spanish and English
languages. On June 16, 1997,I read the foregoing document and orally translated it faithfully and
accurately into Spanish in the presence of the above signatory. After I completed translating the
document,the signatory told me that he understood my translation of the document and thereafter
signed the document in my presence.
I declare under the penalty of perjury that the foregoing is true and correct, and that I
executed this declaration on June 16, 1997 at ella, California.
1 the City and the Agency shall bear their own costs, attorneys'
2 fees and expenses incurred in connection with this Stipulation
3 Amending Stipulation for Entry of Judgment.
4
5 Dated: , 1997
ALFONSO SANCHEZ
6
7 Dated: , 1997 By:
JONATHAN LEHRER-GRAIWER
8 Attorneys for Interested Party
9
10 Dated: , 1997 CALIFORNIA RURAL LEGAL ASSISTANCE
11
12 By: ?-a-00---"IA\N\C-(---
EILEEN McCARTHY
13 •
14 Dated: , 1997 WESTERN CENTER ON LAW. AND POVERTY
15
16. By:
DARA L. SCHUR
17 Attorney for Interested Party
18
19 Dated: , 1997 CITY OF PALM DESERT
._..
20
21 By:
RICHARD S. KELLY
22 Mayor of the City of Palm
Desert
23 ATTEST:
24
25
SHEILA R. GILLIGAN
26 City Clerk of the City of
Palm Desert
27
28 [signatures continue]
RICHARDS. — 12 — S"fEP[JLITIOFfAMENDBIOST[PUI1aTIONFOR
GERSHON WATSON& 970605 P6402 00([f6 sat(1) ENTRY OF JUDGMENT;EXHIBIT"A":(PROPOSED)ORDER
ATTORNEYS At LAW
0321477
1 the City and the Agency shall bear their own costs, attorneys'
2 fees and expenses incurred in connection with this Stipulation
3 Amending Stipulation for Entry of Judgment.
4
5 Dated: , 1997
ALFONSO SANCHEZ
6
7 Date . , 1997 B -
JONATHAN LEHRER-GRAI
8 Attorneys for Interested Party
9
10 Dated: , 1997 CALIFORNIA RURAL LEGAL ASSISTANCE
11
12 By:
EILEEN McCARTHY
13
14 Dated: , 1997 WESTERN CENTER ON LAW AND POVERTY
15
16 By:
DARA L. SCHUR
17 Attorney for Interested Party
18
19 Dated: , 1997 CITY OF PALM DESERT
20
21 By:
RICHARD S. KELLY
22 Mayor of the City of Palm
Desert
23 ATTEST:
24
25
SHEILA R. GILLIGAN
26 City Clerk of the City of
Palm Desert
27
28 [signatures continue]
RtOHARDS, •. 12 •— STIPULATION AMENDING STIPULATION FOR
WATSON& 970605 P6402-00106 sae(I)
GERSHON ENTRY OP JUDGMENT;EXHIBIT•A•;[PROPOSED]ORDER
ATTORNEYS AT LAW •
0321477
1 the City and the Agency shall bear their own costs, attorneys'
2 fees and expenses incurred in connection with this Stipulation
3 Amending Stipulation for Entry of Judgment.
4
5 Dated: , 1997
ALFONSO SANCHEZ
6 •
7 Dated: , 1997 By:
JONATHAN LEHRER-GRAIWER
8 Attorneys for Interested Party
9
10 Dated: , 1997 CALIFORNIA RURAL LEGAL ASSISTANCE
11
12 By:
EILEEN McCARTHY
•
13 94,1-4L./-14 Dated: ��" 1997 WESTERN CENTER ON LAW AND POVERTY
16 B : -1.)
1 Y
DARA L. HUR
17 Attorney for Interested Party
18
19 Dated: _ , -1997 CITY OF PALM DESERT-
20
21 By:
RICHARD S. KELLY
22 Mayor of the City of Palm
Desert
23 ATTEST:
24
25
SHEILA R. GILLIGAN
26 City Clerk of the City of
Palm Desert
27
28 [signatures continue]
R{cHARDS,
WATSON& 970605 P6402-00I06 au(1) - 12 - STIPUUITION AMENDING STIPULATION FOR
GERSHON ENTRY OF MOMENT;EXHIBIT"A';[PROPOSED]ORDER
ATTORNEYS AT LAW
0321477
the City and the Agency shall bear their own costs, attorneys'
2 fees and expenses incurred in connection with this Stipulation
3 Amending Stipulation for Entry of Judgment.
4
5 Dated: , 1997
ALFONSO SANCHEZ
6
7 Dated: , 1997 By:
JONATHAN LEHRER-GRAIWER
8 Attorneys for Interested Party
9
10 Dated: , 1997 CALIFORNIA RURAL LEGAL ASSISTANCE
11
12 By:
EILEEN McCARTHY
13
14 Dated: , 1997 WESTERN CENTER ON LAW AND POVERTY
15
16 By:
DARA L. SCHUR
17 Attorney for Interested Party
18
19 -Dated: , 1997 CITY OF PALM DESERT
20
21 By:
R D S. EL
22 Mayor of the City Palm
Desert
23 ATTEST:
24
25 Cti4r1&91 -0
(Y}l�►'z-1 f
26 f the City of
Palm Desert
27
28 [signatures continue)
FUCHARDS,
WATSON& 970605 P6402-00106 ua(1) " 12 — STIPULATION AMENDINO STIPULATION FOR
GERSHON ENTRY OF JUDGMENT;EXHIBIT"A";[PROPOSED]ORDER
ATtOaHQYD AT LAW
0321479
1 PALM DESERT REDEVELOPMENT AGENCY
2
5:( eV/
3 By:
RIC S. KELL
4 Chairman of the Palm Desert
Redevelopment Agency
5
6 ATTEST: . '
7
• _ .! C_ )kb,-GUt
, . mYt A-9-)1 P, Cis, (-1sst.vriktr-- Ss.e,LE2-w
9 - - _— , `Palm Desert
Redevelopment Agency
10
11
RICHARDS, WATSON & GERSHON
12 A Professional Corporation
13
14 Dater r / 4 , 1997 By: d_.L. .
r LLIAM L. S 'i.USZ
15 Attorneys ity of Palm
Desert and - m Desert
16 Redevelopment Agency
17
18 IT IS SO ORDERED. C� /
19 DATED: i 4r) 4 (2 ( '
-(
6 Judge, Superior yurt,
20 County of Riverside
21
22
23
24
25
26
27
28
RICHARDS.
WATSONTSO & 970605 P6402-00146 us(I) - 13 - STIPULATION AMENDING STIPULATION FOR
GERSHON ENTRY OF JUDGMENT;EXHIBIT"A";(PROPOSED]ORDER
ATTOANC`YO Ar LAW
032I479
•
2
• 3
4
5 •
6
7
8
•
10 SUPERIOR COURT OF THE STATE OF CALIFORNIA
11 FOR THE COUNTY OF RIVERSIDE
12
13 CITY OF PALM SPRINGS, ) CASE NO. INDI0 51124
) [CONSOLIDATED WITH INDIO
14 Plaintiff, ) CASE NOS. 51143, 51159]
)
15 VS. ) [PROPOSED] AMENDMENT TO
JUDGMENT
16 ALL PERSONS INTERESTED IN THE )
MATTER OF THE REDEVELOPMENT PLAN )
17 FOR THE PALM DESERT REDEVELOPMENT )
PROJECT AREA NO. 2, et. al. , )
18 )
Defendants. )
)
•
20 SUNRISE DESERT PARTNERS, a )
California limited partnership dba )
21 SUNRISE COMPANY, )
)
22 Plaintiff/Petitioner, )
23 VS, )
)
24 ALL PERSONS INTERESTED IN THE )
MATTER OF THE REDEVELOPMENT PLAN )
25 FOR PROJECT AREA NO. 2, et al. , )
)
26 Defendants/Respondents. )
)
27
28 [Caption Continues]
RICHARDS,
WATSON&
GERSHON EXHIBIT /
GERSHON
lrrom Y8 AT LAW
•
0321468.2
. r
CITY OF INDIAN WELLS, a municipal )
corporation, )
2 )
Plaintiff/Petitioner, )
3 )
vs. )
4 )
ALL PERSONS INTERESTED IN THE )
5 MATTER OF THE REDEv.ELOPMENT PLAN )
FOR PROJECT AREA NO. 2, et al. , )
6 )
Defendants/Respondents. )
• 7 )
8
9 In these consolidated cases, this Court having retained
10 jurisdiction in Case No. 51124 for the purpose of enforcing the
11 judgment entered pursuant to the Stipulation for Entry of Judgment
12 in Case No. 51124, and the parties to that Stipulation having
13 further stipulated to certain amendments thereto, IT IS HEREBY
14 ADJUDGED AND ORDERED that the final judgment entered in these
15 consolidated cases pursuant to the terms of the Stipulation for
16 Entry of Judgment and pursuant to the terms of the Settlement
17 Agreement and Mutual Release in Case No. 51124, is hereby amended
18 pursuant to the terms of the Stipulation Amending the Stipulation
19 for Judgment in Case No. 51124 on file herein. That portion of
20 the judgment incorporating the terms of the Settlement Agreement
21 and Mutual Release in Case No. 51124 remains unchanged. A copy of
22 this amendment and the Stipulation Amending the Stipulation for
23 Entry of Judgment shall be recorded in the Riverside County
24 Recorder's Office.
25
26 Dated:
JUDGE OF THE SUPERIOR COURT
27 RIVERSIDE COUNTY
28
RICHARDS.
WATSON&
GERSHON 970616 P6402-031061j(0) - 2 - [PROPOSED]AMENDMENT TO JUDGMENT
rropNev.7 AT LAW
0321468.2
EXHIBIT 1C
AMENDMENT 2 TO ORIGINAL STIPULATION
DATED SEPTEMBER 20,2002
11
1 RICHARDS, WATSON&GERSHON
A Professional Corporation
2 WILLIAM L. STRAUSZ (58410) CS QEL E
355 South Grand Avenue, 40th Floor SUPERIOR COURT OF CALIFORNIA
3 Los Angeles, CA 90071-3101 COUNTY OF RIVERSIDE
Telephone: (213) 626-8484 SEP
4 Facsimile: (213) 626-0078 0 20D2
5 M.ORTEGA,Clerk
Attorneys for Defendants xy
6 CITY OF PALM DESERT,CITY COUNCIL OF THE CITY a,. Deputy
OF PALM DESERT,PALM DESERT REDEVELOPMENT
7 AGENCY,WALTER H. SNYDER, RICHARD S. KELLY, S.
ROY WILSON, JEAN M. BENSON and BUFORD A. CRITES
8
9 SUPERIOR COURT OF THE STATE OF CALIFORNIA
10 COUNTY OF RIVERSIDE
11 NV
12 CITY OF PALM SPRINGS, Case No. INDIO 51124
13 Plaintiff, [Consolidated with CASE NOS. INDIO
51143, 51159]
14 vs.
STIPULATION FOR AMENDMENT NO. 2
15 ALL PERSONS INTERESTED IN THE TO STIPULATION FOR ENTRY OF
MATTER OF THE REDEVELOPMENT JUDGMENT; EXHIBIT"A;" [PROPOSED
16 PLAN FOR THE PALM DESERT ORDER]
REDEVELOPMENT PROJECT AREA NO. 2,
17 et. al.,
18 Defendants.
19._
SUNRISE DESERT PARTNERS, a California
20 limited partnership dba SUNRISE COMPANY,
21 Plaintiff/Petitioner,
22 vs.
23 ALL PERSONS INTERESTED IN THE
MATTER OF THE REDEVELOPMENT
24 PLAN FOR PROJECT AREA NO. 2, et al.,
25 Defendants/Respondents.
26
27
[Caption Continues]
28
RICHARDS,WATSON
&GERSHON
Attorneys at Law Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P640210106\702474.3
•
• Coy ••
I CITY OF INDIAN WELLS, a municipal
corporation,
2
Plaintiff/Petitioner,
3
vs.
4
ALL PERSONS INTERESTED IN THE
5 MATTER OF THE REDEVELOPMENT
PLAN FOR PROJECT AREA NO. 2, et al.,
6
Defendants/Respondents.
7
8
9 RECITALS
10 1. On May 15, 1991,this Court entered a Final Judgment ("Judgment")in
11 these consolidated actions. The Judgment incorporates the terms of a Stipulation for Entry of
12 Judgment("Original Stipulation")in Case No. 51124 and a Stipulation for Entry of Judgment
13 pursuant to Settlement Agreement and Mutual Release("Settlement Agreement") in Case
14 No. 51124. Under the terms of the Original Stipulation incorporated in the Judgment,this Court
15 has continuing jurisdiction over the matters set forth in the Original Stipulation for purposes of
16 enforcement of the ongoing obligations undertaken by parties to the Original Stipulation.
17 2. The Original Stipulation and the Settlement Agreement are wholly distinct
18 agreements, involving different issues and different parties. The Original Stipulation is attached
19 to the Judgment as Exhibit 1 thereto. The Settlement Agreement is attached to the Judgment as
20 Exhibit 2 thereto.
21 3. On June 18, 1997,this Court,the Honorable Robert G. Taylor,Judge
22 Presiding, entered an Amendment to Judgment("Amendment No. 1") in these consolidated
23 actions. Amendment No. 1 incorporates the terms of a Stipulation Amending Stipulation for
24 Entry of Judgment("First Amending Stipulation")which was entered into by the parties to the
25 Original Stipulation,the same parties who have entered into the instant Stipulation.
26 4. The First Amending Stipulation was approved by order of this Court on
27 June 18, 1997. Both the First Amending Stipulation and Amendment No. 1 were duly recorded
28 with the Office of the County Recorder, County of Riverside, on June 19, 1997.
RICHARDS, WATSON
&GERSHON
Attorneys at w Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P640210106\702474.3 -2-
1 5. In the original proceeding herein, Alfonso Sanchez appeared as the lead
2 interested party on behalf of all persons interested in the matter of the redevelopment plan for
• 3 Redevelopment Project Area No. 2. Mr. Sanchez was a party to the Original Stipulation and the
4 First Amending Stipulation. On or about January 2, 1999, Mr. Sanchez died.Maria Asuncion
5 Sanchez, the widow of Mr. Sanchez, now wishes to appear as lead interested party on behalf of
6 all persons interested in the matter of the redevelopment plan for Redevelopment Project Area
7 No. 2 for purposes of enforcement of the ongoing obligations undertaken by the parties to the
8 Original Stipulation.
9 6. The Original Stipulation and the First Amending Stipulation impose
10 certain ongoing obligations on the Palm Desert Redevelopment Agency(the"Agency")with
11 respect to affordable housing in the City of Palm Desert.
12 7. The Agency has made a good faith effort to meet its housing production
13 obligations as provided in the Original Stipulation and as amended by the First Amending
14 Stipulation.
15 8. In light of the foregoing, the undersigned are entering into this additional
16 stipulation to substitute Maria Asuncion Sanchez as the lead interested party and further,to
17 provide for a second amendment to the Judgment.
18 NOW THEREFORE, IT IS HEREBY STIPULATED,by and between counsel for
19 Alfonso Sanchez("Original Interested Party"), defendants the City of Palm Desert(the"City")
20 and the Agency,through their respective counsel,that Maria Asuncion Sanchez is hereby
21 substituted for Alfonso Sanchez as lead interested party. Maria Asuncion Sanchez is hereafter
22 referred to as "Interested Party".
23 IT IS FURTHER S 1'IPULATED,by and between Interested Party, the City, and
24 the Agency, through their respective counsel of record, that the Original Stipulation, as amended
25 by the First Amending Stipulation(hereafter"Stipulation, as Amended"),be further amended as
26 follows, and that an Amendment No. 2 to the Judgment be entered in these consolidated actions
27 in the form attached hereto as Exhibit "B."
28 (1) Paragraph 5.a of the Stipulation, as Amended, is hereby amended to read
RICHARDS, WATSON
GERS HON
Attorneys at yaw Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P6402\01 061702474.3 -3-
•
C
•
1 as follows:
2 "(i)For very low income households, at least 50 percent of the housing units shall
3 be affordable to, and occupied by,households with 35 percent or less of the
4 median income, adjusted for family size,for the Riverside-San Bernardino
5 Metropolitan Statistical Area(" SMSA"). Of that 50%:
6
7 a. One-third, or more, shall be affordable to, and occupied by,
8 households with 25 percent or less of the median income,
9
10 b. An additional 18%, or more of that 50% shall be affordable to, and
11 occupied by, households with 20 percent or less of the median income,
12
13 (ii) The remainder of the very low-income units shall be affordable to, and
14 occupied by, households with 45 percent or less of the median income for the
15 SMSA.
16
17 (iii) The Agency shall provide a first preference to households, one of whose
18 members works in the City of Palm Desert, and who have been displaced by code
19 enforcement activities in the Coachella Valley.
20
21 (iv) The Agency shall undertake the following to assure availability of units
22 affordable to very low income farmworkers: the Agency shall send notice of the
23 availability of such units by first-class mail, together with(i) a copy of the
24 application to be placed on the waiting list as set forth in Exhibit A,to be filled in
25 by prospective owners and tenants, and(ii) a stamped,return envelope addressed
26 to the Housing Director of the Agency, to not less than all of the following:
27 California Rural Legal Assistance (CRLA), Coachella Valley Housing Coalition
28 (CVHC), United Farm Workers (UFW), California Coalition for Rural Housing
RICHARDS, WATSON
&GERSHON
Attorneys at Law Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P6402\0106\702474.3 -4-
{ .
1 (CCRH) and other organizations designated in writing by counsel for Interested
2 Party. The Agency shall also advertise the availability of those units on a Spanish
3 speaking radio station broadcasting in the eastern and western Coachella Valley
4 and in a local Spanish language newspaper with circulation in the eastern and
5 western Coachella Valley. The notice described in this subparagraph(iv) shall be
6 sent within 10 days of the signing of this Amended Stipulation and every three
7 months thereafter during the term of the Redevelopment Plan for Project Area No.
8 2.The Agency shall permit any farmworker applying for a rental unit to enter into
9 a six-month lease in lieu of a one-year lease. In the case of any very low income
10 person or family applying for a rental or ownership unit, the Agency shall waive
11 any credit-check fee associated with any application."
12
13 (2) Paragraph 12 of the Stipulation is hereby amended to read as follows:
14
15 "12. In connection with its obligation to develop or assist in the development of
16 housing affordable to persons and families of very low and low income,the
17 Agency shall follow the procedures and provide the priorities specified in this
18 paragraph:
19
20 a. At such time as the Agency determines to have housing units required by
21 this Stipulation constructed by third parties, the Agency shall send a request for
22 qualifications and proposal (RFP) for such construction by first-class mail to not
23 less than all of the following:
24
25 Southern California Association of Non-Profit Housing(SCANPH), Coachella
26 Valley Housing Coalition, California Dept. of Housing and Community
27 Development, California Coalition for Rural Housing(CCRH),Mercy California
28 Housing Corporation, San Diego Federation,Rancho Housing Alliance,Housing
RICHARDS,WATSON
&GERSHON
Attorneys at Lew Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P6402\0 106\702474.3 -5-
•
1 Corporation of America, counsel for Interested Party and other organizations
2 added to this list by written notice from said counsel.
3
4 b. The RFP shall specify all relevant details of the project desired by the
5 Agency, including the minimum number of units, the breakdown of units by
6 required bedroom count, required amenities,level of affordability of the units, etc.
7
8 c. If the RFP is tied to a particular site,the Agency shall own or legally
9 control the land upon which the housing units are to be built.
10
11 d. The RFP shall have a deadline for the submission of proposals not less
12 than 60 days after its mailing as provided in this paragraph.
13
14 e. The Agency shall give reasonable priority to both of the following.
15
16 i. Non-profit developers which have the capacity to and interest in
17 developing very low and low income housing.
18
19 ii. Sponsors or developers who agree to maintain the affordability of
20 lower income units for a longer time than the minimum required by paragraph 6 or applicable
21 law,whichever is greater.
22
23 (3) Paragraph 40 is hereby added to the Stipulation to read as follows:
24
25 "Notwithstanding any other provision of this Stipulation to the contrary,
26 commencement of the development, acquisition,rehabilitation or assistance to the 142
27 very low income housing units and 60 low income housing units described in Paragraph
28 1.b hereof shall be no later than December 31,2003.
RICHARDS, WATSON
&GERSHON
Attorneys el Law Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P6402101061702474.3 -6-
•
1 (4) Paragraph 22 of the Stipulation is hereby amended to read as follows:
2
3 "Health and Safety Code Sections 50052.5, 50053, 50079.5, 50093 and 50105, as
4 they existed prior to 1990, and as interpreted at that time by 25 California Code of
5 Regulations 6900 et seq. shall apply to rental housing units acquired, developed,
6 rehabilitated, or otherwise assisted pursuant to this Amended Stipulation which are
7 required to be available to and, occupied by persons and families whose income is 65
8 percent or less of the area median income. All ownership units (including,but not limited
9 to, Building Horizons, Coachella Valley Housing Coalition, Desert Rose,Habitat for
10 Humanity, Rebecca Road and Portola Palms), and all rental units available to and
11 occupied by person and families whose income is more than 65 percent of the area
12 median income) acquired, developed,rehabilitated or otherwise assisted by the Agency,
13 shall be subject to the foregoing Health and Safety Code provisions as they now exist or
14 may hereafter be amended."
15
16 (5) Paragraph 43 is hereby added to the Stipulation to read as follows:
17
18 "Notwithstanding any other provision of this Stipulation to the contrary,
19 the time limits set forth in this Stipulation relating to the acquisition, development,
20 rehabilitation or assistance of housing units shall be delayed by two years for each
21 land acquisition which is comprised of one or more parcels of land suitable in the
22 aggregate for construction of 75 or more very low and low income units."
23
24 (6) The term"30 years"as used in Paragraph 6 hereof shall mean"55 years"
25 in the case of rental units acquired or developed by the Agency after the date of the Second
26 Amendment, and rental units developed by third parties which received tax credit under Section
27 42 of the Internal Revenue Code of 1986, as amended.
28
RICHARDS, WATSON
&GERSHON
Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
Attorneys at Law
P6402\0106\702474.3 -7-
1 (7) Paragraph 7.b of the Stipulation is hereby amended to read as follows:
2
3 "Not less than five percent of all units acquired, developed,rehabilitated or
4 otherwise assisted by the Agency shall consist of three and four bedrooms to meet the
5 needs of large families."
6
7 (8) Nothing in the instant Stipulation shall constitute a waiver of requirements
8 or modification of any provisions of the Stipulation, as Amended, other than those explicitly
9 addressed herein.
10
11 (9) The instant Stipulation may be executed in counterparts.
12
13 (10) The Agency agrees to pay to the Western Center on Law and Poverty,
14 California Rural Legal Assistance and Jonathan Lehrer-Graiwer an aggregate total of$90,000.00
15 as attorneys' fees and an aggregate total of$1,255.00 as costs. With the exception of such
16 payment of attorneys' fees and costs,Interested Party,the City and the Agency shall bear their
17 own costs, attorneys' fees and expenses incurred in connection with this Stipulation Amending
18 Stipulation for Entry of Judgment.
19 �� �. -mac e /"
20 Dated: L l , 2002 MARIA ASUNCION SANCHEZ
21
Declaration of Translation:
22 I, Carmen Lopez Rodriguez, declare:
I am fluent in the English. and Spanish languages. On August 12, 2002, I -
23 translated the "STIPULATION FOR AMENDMENT NO. 2 TO STIPULATION FOR ENTRY OF
JUDGMENT; EXHIBIT "A," (PROPOSED. ORDER) to Maria Sanchez from English to
24 Spanish accurately and faithfully to the best of my ability.
I declare under the penalty of perjury under the laws of the State of
25 California that the foregoing is true correct.
, 2002 i, - .r�--�
26 Dated: �' f ri
[TR.A TOR]
27
28 [signatures continue.]
RICHARDS,WATSON
tl GERSHON Stipulation For Amendment No.2 to Stipulation for Batty of Judgment
Attorneys al Law —8-
P6402\0106\702474.3 8/7/02
•
•
1 Dated: /0, 2002
JONATHAN LEHRE IWER
2 Attorneys for Origin erested Party
and Interested Party
3
4 •
Dated: ,2002 CALIFORNIA RURAL LEGAL ASSISTANCE
5
6
By:
7 ARTURO RODRIGUEZ
8
9 Dated: fij),_50,51-b-01 , 2002 WESTERN CENTER ON LA POVERTY
10
11 By:
RICHARD A. ROTHSCHILD •
12 Attorney for Original Interested Party
and Interested Party
13
14
15 Dated: ,2002 CITY OF PALM DESERT
16
17 By:
RICHARD S. KELLY
18 Mayor of the City of Palm
Desert
19
20
ATTEST:
21
22
RACHELLE D. KLASSEN
23 City Clerk of the City of
Palm Desert
24
25
26 [signatures continue.]
27
28
RICKARDS,WATSON
&GERSHON
Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
Attorneys at Law
—9
P6402\0106\702474.3 8/7/02
r I C
•
1 Dated: , 2002
JONATHAN LEHRER-GRAIWER
2 Attorneys for Original Interested Party
and Interested Party
3
4 -
Dated: 1 7-' , 2002 CALIFORNIA RURAL LEGAL ASSISTANCE
5
6 r
By:
7 TUR RO RIGUEZ
8
9 Dated: , 2002 WESTERN CENTER ON LAW AND POVERTY
10
11 By:
RICHARD A. ROTHSCHILD
12 Attorney for Original Interested Party
and Interested Party
13
14
15 Dated: ,2002 CITY OF PALM DESERT
16
17 By:
RICHARD S. KELLY
18 Mayor of the City of Palm
Desert
19
20
ATTEST: •
• 21
22
RACHELLE D. KLASSEN
23 City Clerk of the City of
Palm Desert
24
25
26 [signatures continue.]
27
28
RICHARDS,WATSON
h GERSHON
Attorneys at Law Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
-9 7
P6402\01061702474.3 8/7/02
I
• :.
1 Dated: , 2002
JONATHAN LEHRER-GRAIWER
2 Attorneys for Original Interested Party
and Interested Party
3
4
Dated: C -' , 2002 CALIFORNIA RURAL LEGAL ASSISTANCE
5
6
By:
7 ' •Oti RIGUEZ
8
9 Dated: ,2002 WESTERN CENTER ON LAW AND POVERTY
10
11 By:
RICHARD A. ROTHSCHILD
12 Attorney for Original Interested Party
and Interested Party
13
•
14
15 Dated: A r ,alas,- ,2002 CITY OF PALM DESERT
16
17 By:
RICHARD S. KELLY
18 Mayor of the City ofP
Desert
19
20
ATTEST:
• 21
22
AC ALL D. SEN
23 City Clerk of the City of
Palm Desert
24
25
26 [signatures continue.]
27
28
RICHARDS,WATSON
4 GERSHON
Attorneys at Law Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
—g
P6402\0106\702474.3 + 8/7/02 -
, C
• 1 Dated: , 2002 PALM DESERT REDEVELOPMENT AGENCY
2
3 By:
CH S. KELLY
4 Chairman of the Palm esert
Redevelopment Agency
5 ATTEST:
6
7 RACH 'LL D. Kl, S N
Secretary, Palm Desert
8 Redevelopment Agency
9
Dated: , 2002 By:
10 William L. Straus
Attorney for City o alm
11 Desert and Palm Desert
Redevelopment Agency
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RICHARDS.WATSON
h GERSHON
Attorneys at i aw Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P6402\0 l 06\702474.3 -10-
•
•
1 Dated: , 2002 PALM DESERT REDEVELOPMENT AGENCY
2
3 By•
RICHARD S. KELLY
4 Chairman of the Palm Desert
Redevelopment Agency
5 ATTEST:
6
7 RACHELLE D. KLASSEN
Secretary,Palm Desert
8 Redevelopment Agency
9
Dated: d.. , 2002 By:
10 William L. Strau
Attorney for City o alm
11 Desert and Palm Desert
Redevelopment Agency
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RICHARDS.WATSON
&GERSHON
Attorneys at Law Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P6402\01061702474.3 -10-
1 The foregoing Stipulation is hereby approved; Maria Asuncion Sanchez is hereby
2 substituted for Alfonso Sanchez as lead interested Party on behalf of all persons interested in the
3 matter of the redevelopment plan for Redevelopment Project Area No. 2 for purposes of
4 enforcement of the continuing obligations imposed by the Original Stipulation and the First
5 Amending Stipulation and such obligations as may be imposed pursuant to such stipulations as
6 may be approved by this Court; and the matters stipulated to at paras. (1) through(10) above are
7 so ordered.
8
9
10 Christopher J.SheitiOni
11 Dated: $EP 2 0 2002
,2002
Judge, Superior Court,
12 County of Riverside
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
R ICHARDS,WATSON
&GERSHON
Attorneys at Law Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
P640210106\702474.3 -11-
•
(. • Exhibit A (
AA pplication for Placement on the
1 PALM DESERT HOUSING AUTHORITY MASTER WAITING LIST
2.
3 Name:
Last First Middle Initial
4
Address:
5 Address City State Zip
6 Phone No.: ( }
Home
7
Previous
8 Address
Address City State Zip
9
10
Employment: ( )
I 1 Employer Name Phone
12 Address:
Address City State Zip
13
Occupation:
14
16 No. of Bedrooms you are requesting:
17 Date apartment is needed:
18 Ages of members in household:
19 Special Needs:
20
21 *********************,,******************************************************************************
22
Signature: Date:
23
24 Note: Placement of name on waiting list does not imply acceptance to affordable housing program.
Additional Information will be requested upon availability of appropriate unit for family size
25 and income. All applicants will be placed on the Palm Desert Housing Authority master
waiting list in the order received. The Palm Desert Housing Authority master waiting list
26 maintained by RPM Management Company(760) 674-1139.
27
28 Stipulation For Amendment No.2 to Stipulation for Entry of Judgment
RICHARDS,WATSON
e GERSHON P6402\01061702474.3 A- 1
Attorneys at Law
. ..
1
2
3
4
5
6
7
8
9
SUPERIOR COURT OF THE STATE OF CALIFORNIA
10
COUNTY OF RIVERSIDE
11
12
CITY OF PALM SPRINGS, Case No. INDIO 51124
13
Plaintiff, [Consolidated with CASE NOS.INDIO
14 51143, 51159]
vs.
15 [PROPOSED] AMENDMENT NO.2 TO
ALL PERSONS INTERESTED IN THE JUDGMENT
16 MATTER OF THE REDEVELOPMENT
PLAN FOR THE PALM DESERT
17 REDEVELOPMENT PROJECT AREA NO. 2,
et. al.,
18
Defendants:
19
20 SUNRISE DESERT PARTNERS, a California
limited partnership dba SUNRISE COMPANY,
21
Plaintiff/Petitioner,
22
vs.
23
ALL PERSONS INTERESTED IN THE
24 MATTER OF THE REDEVELOPMENT
PLAN FOR PROJECT AREA NO. 2, et al.,
25
Defendants/Respondents.
26
27
[Caption Continues]
28
2ICI4ARDS,WATSON B-1
k GERSHON
Attorneys at Law [Proposed]Amendment No.2 to Judgment
P6402\01061702486.2 DRAFT 7/31/02
•
1 CITY OF INDIAN WELLS, a municipal
corporation,
2
Plaintiff/Petitioner,
3
vs.
4
ALL PERSONS INTERESTED IN THE
5 MATTER OF THE REDEVELOPMENT
PLAN FOR PROJECT AREA NO. 2, et al.,
6
Defendants/Respondents.
7
8
9 This Court having retained jurisdiction in Case No. 51124 for the purposes of
10 enforcing the Judgment entered pursuant to the Stipulation for Entry of Judgment("Original
11 Stipulation") and this Court having entered an Amendment to Judgment on June 18, 1997,
12 incorporating the terms of a First Amending Stipulation, and the necessary parties having further
13 stipulated to certain additional amendments, IT IS HEREBY ADJUDGED AND ORDERED that
14 the final judgment entered in these consolidated cases, as amended by the Amendment to
15 Judgment,is hereby further amended to incorporate the terms of the"Stipulation for Amendment
16 No. 2 to Stipulation for Entry of Judgment"on file herein and approved by this Court. That
17 portion of the original judgment incorporating the terms of the Settlement Agreement and Mutual
18 Release in Case No. 51124 remains unchanged. A copy of this Amendment No. 2 and the
19 Stipulation for Amendment No. 2 to Stipulation for Entry of Judgment shall be recorded in the
20 Riverside County Recorder's Office.
21
22 Dated: , 2002
Judge of the Superior Court,07, „
23 *, ,, • County of Riverside..
•
24 'at. .}rpx •
25 �"
•
26 _� ..
27 ,qty •
28
lICHARDS,WATSON B-2
&GERSHON
Attorneys at Law [Proposed]Amendment No.2 to Judgment
P6402\0106\702486.2 DRAFT 7/31/02
EXHIBIT 2
AMENDED AND RESTATED HOUSING COOPERATION AGREEMENT
DATED FEBRUARY 14, 2008
CONTRACT NO. R23801
AMENDED AND RESTATED
HOUSING COOPERATION AGREEMENT
This AMENDED AND RESTATED HOUSING COOPERATION AGREEMENT is
entered into this 14th day of February, 2008, by and between the Palm Desert
Redevelopment Agency, a public body, corporate and politic (the "Redevelopment
Agency"), duly organized and validly existing under and pursuant to the constitution and
laws of the State of California, and the Palm Desert Housing Authority, a public body,
corporate and politic, duly organized and validly existing under and pursuant to the
constitution and laws of the State of California. The Redevelopment Agency and the
Housing Authority may be referred to herein individually as a "Party" and collectively as
the "Parties."
RECITALS
A. By ordinance, the City Council of the City of Palm Desert has declared the
need for the Redevelopment Agency to function in the City, and the Redevelopment
Agency is thereby authorized to transact business and exercise its powers.
B. By resolution, the City Council of the City of Palm Desert has declared the
need for the Housing Authority to function in the City, and the Housing Authority is
thereby authorized to transact business and exercise its powers.
C. Under California Health and Safety Code Section 33334.2, not less than
20 percent of all taxes which are allocated to the Redevelopment Agency pursuant to
California Health and Safety Code Section 33670 shall be used by the Redevelopment
Agency for the purposes of increasing, improving, and preserving the supply of low-and
moderate-income housing in the City of Palm Desert available at affordable housing
cost. in.carrying out the purposes of Section 33334.2, the Redevelopment Agency may
exercise any or all of its powers, including the acquisition of real property or building
sites; the improvement of real property or building sites with onsite or offsite
improvements; donating real property to private or public persons or entities; the
construction of buildings or structures; the provisions of subsidies to, or for the benefit
of, very low income households, lower income households, or persons and families of
low or moderate income, to the extent those households cannot obtain housing at
affordable costs on the open market; and the development of plans, the payment of .
principal and interest on bonds, loans, advances, or other indebtedness, or payment of
financing or carrying charges.
D. Under Section 34509 of the Housing Cooperation Law (California Health
and Safety Code Sections 34500, et. seq.), for the purpose of aiding and cooperating in
the planning, undertaking, construction, or operation Of Housing Projects (as hereinafter
defined) located within the area in which it is authorized to act, any State public body
(as hereinafter defined), such as the Redevelopmenf'Agency, may exercise the powers
prescribed in Sections 34510 to 34518, inclusive, of the Housing Cooperation Law,
upon such terms, and with or without consideration, as it may determine.
G:1RDA\Patty LeatUMb9Housing Cooperation AgteementMmended and Rcatated[lousing Cooperation Agent 02t408.doe P6902.00011967212v2 doc
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CONTRACT NO. R23801
E. Under Section 34516 of the Housing Cooperation Law, a State public:
body, such as the Redevelopment Agency, may do any and all things, necessary or
convenient, to aid and cooperate in the planning, undertaking, construction, or operation
of Housing Projects.
F. Under Section 34511 of the Housing Cooperation Law, a State public
body, such as the Redevelopment Agency, may cause parks, playgrounds, recreational,
community, educational, water, sewer or drainage facilities, or any other works which it
is otherwise empowered to undertake, to be furnished adjacent to or in connection with
Housing Projects.
G. Under Section 34512 of the Housing Cooperation Law, a State public
body, such as the Redevelopment Agency, may furnish, dedicate, close, pave, install, •
grade, regrade, plan, or replan streets, roads, roadways, alleys, sidewalks, or other
places which it is otherwise empowered to undertake.
H. Under Section 34515 of the Housing Cooperation Law, a State public
body, such as the Redevelopment Agency, may enter into agreements with the Housing
Authority respecting action to be taken by the State public body pursuant to the Housing
Cooperation Law.
1. Under Section 34518 of the Housing Cooperation Law, a State public
body, such as the Redevelopment Agency, may incur the entire expense of any public
improvements made by it in exercising the powers granted in the Housing Cooperation
Law.
J. Under Section 34518 of the Housing Cooperation Law, any law to the
contrary notwithstanding, a State public body, such as the Redevelopment Agency, may
make any sale, conveyance, tease, or agreement provided for in Sections 34510 to
34517, inclusive, of the Housing Cooperation Law, without appraisal, public notice,
advertisement, or public bidding.
K. Under Section 34502 of the Housing Cooperation Law, the powers
conferred by the Housing Cooperation Law are supplemental to the powers conferred
by any other law.
L. The Redevelopment Agency is or will be the owner of certain real property
(the Development Sites, as hereinafter defined), which are or will be suitable for
development of the Housing Developments (as hereinafter defined).
M. The Housing Developments are Housing Projects.
N. The development of the Housing Developments pursuant to this
Agreement constitutes a public use and purpose and an essential governmental
function for which public money may be spent and other aid given.
0. The Redevelopment Agency is the owner of the Apartment Projects which
are periodically in need of renovations, rehabilitation and repairs. The Redevelopment
Q:1RDAPPatty Lea a MM Howiog Cooperation AgreemeuMAmended and Iteatated Hoaxing Cooperation Agreement 02140Ldoc P6402-0001\967212v2.doe
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CONTRACT NO. R23801
Agency may acquire other apartment projects which may also be in need of .
renovations, rehabilitation and repairs.
P. The Apartment Projects, the other apartment projects which may be
acquired, and other real property which may be owned or acquired by the
Redevelopment Agency for the purpose of development of affordable housing, are
Housing Projects.
Q. The Redevelopment Agency and Housing Authority held a joint public
hearing on this Agreement on February 14, 2008, at which interested persons were
afforded the opportunity to provide testimony.
R. Notice of the joint public hearing was duly published pursuant to California -
Government Code Section 6066 in the Desert Sun, a newspaper of general circulation,
January 31, 2008 and February 7, 2008.
S. At least three copies of this Agreement were available for inspection by
any interested person at the Redevelopment Agency counter at Palm Desert City Hall
as of January 31, 2008, between the hours of 8:30 a.m. to 4:30 p.m.
T. The Redevelopment Agency and the Housing Authority wish to enter into --
this Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt of which is
hereby acknowledged, the Parties hereto agree as follows:
Section 1. Definitions. In this Agreement, unless the context otherwise
requires:
(a) "Apartment Projects" means the apartment projects described in
Exhibit B, attached hereto, and such other apartment projects which may be acquired or
constructed by the Redevelopment Agency.
(b) "City" means the City of Palm Desert, California, and may also refer
to the territorial jurisdiction within the City.
(c) "Development Sites" means the 20-acre parcel of real property
owned by the Redevelopment Agency and described more fully in Exhibit "A", attached
hereto, and such other land and development sites as may be owned or acquired by the
Redevelopment Agency for the acquisition or development of affordable housing.
(d) "Housing Authorities Law" means the Housing Authorities Law,
California Health and Safety Code Section 34200, et. seq.
(e) "Housing Cooperation Law" means the Housing Cooperation Law,
California Health and Safety Code Section 34500, et. seq.
(f) "Housing Developments" means the project to carry out the -
development of 27 senior housing units, 93 single-family homes, and an additional 14
CiARDAWPaay LeontIMM\Houeimg Cooperation AgrennentMAmended and Restated Hawing Cooperation Agreement 021408.dou P64O2-000119672t2v2.doc
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CONTRACT NO. R23801
single-family homes to be built as part of a "self help" program, Habitat for Humanity_.
program, or similar program, on one of the Development Sites, and any other housing
development on any other Development Sites, and all on-site and off-site improvements
in connection therewith which the Redevelopment Agency deems necessary and
desirable.
(g) "Housing Project" means any work or undertaking to be financed in
whole or in part by a State public body, such as the Redevelopment Agency, or to which
a State public body, such as the Redevelopment Agency, extends assistance by
supplying all or part of the labor, by guaranteeing the payment of liens, by providing
financing through the issuance of its debt obligations, or otherwise, to provide decent,
safe, and sanitary urban or rural dwellings, apartments, or other living accommodations
for persons of low and moderate income. Such work or -undertaking may include
buildings, land, equipment, facilities, and other real or personal property for necessary,
convenient, or desirable appurtenances, streets, sewers, water service, parks, site
preparation, gardening, administrative, community, health, recreational, educational,
welfare, or other.purposes. "Housing Project"also includes the planning of the buildings
and improvements, the acquisition of property, the demolition of existing structures, the
construction, reconstruction, alteration, and repair of the improvements, and all other
work in connection therewith.
(h) "Redevelopment Law" means the Community Redevelopment law,
California Health and Safety Code Section 33000, et. seq.
(i) "State" means the State of California.
(j) "State public body" means any city, county, borough, commission,
district, authority, or other subdivision or public body of the State. For the purposes of
this definition, "State public body" also means the State, any city and county and any
housing authority.
Section 2. The Redevelopment Agency shall develop the Housing
Developments on the Development Sites. The Redevelopment Agency shall use its
best efforts to complete construction of the 27 senior housing units on or before
November 30, 2007 and shall use its best efforts to complete construction of the 93
single-family homes on or before September 30, 2008. Within 180 days of the
completion of construction of the foregoing units and homes, the Redevelopment
Agency shall begin the process of identifying a qualified developer or developers to
assist the Agency with the development of the 14 homes.
Section 3. The Housing Authority shall use its best efforts to cause the
renovation, rehabilitation and repair, where appropriate; of the Apartment Projects,
including, without limitation, re-stucco, re-roofing, replacement of windows, repair or
replacement of mechanical systems, retrofit landscape and hardscape, and the addition
of parking, fire safety features and façade improvements, and any other work of
renovation, rehabilitation or repair deemed necessary or appropriate.
G:\RGA\Patty Lean\1MM\Housing Cooperation AgreemenMmended and Restated Rousing Cooperation Agreement 02140S.doc P6402.000119672124.doc
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CONTRACT NO. R23801
Section 4. The units at the Apartment Projects shall be available at an,:
affordable housing cost to persons and families of low and moderate income. Single-
family homes shall be available at an affordable housing cost to persons and families of
low and moderate income.
Section 5. The Redevelopment Agency and the Housing Authority may enter
into any and all such agreements with private parties as they deem necessary to
develop the Housing Developments on the Development Sites and to renovate,
rehabilitate and repair the units at the Apartment Projects, The Redevelopment Agency
and the Housing Authority may also enter into any and all such agreements with public
entities as they deem necessary to develop the Housing Developments on the
Development Sites and to renovate, rehabilitate and repair the units at the Apartment
Projects; provided, however, that no other public entity shall share in the expense of the
Housing Developments or the renovation, rehabilitation and repair of the units at the
Apartment Projects, and the entire expense of the Housing Developments and the
renovation, rehabilitation and repair of the Apartment Projects shall be borne by the
Redevelopment Agency from its Low and Moderate Income Housing Fund, or from a
combination of private funds and the Low and Moderate Income Housing Fund.
Section 6. The Redevelopment Agency or the Housing Authority shall perform
all required preparatory work for the improvements, including the acquisition of land and _.
rights-of-way, and shall install and construct, or cause to be installed and constructed,
the improvements not previously installed and constructed. The Redevelopment
Agency or the Housing Authority shall retain one or more persons or entities
experienced in the design and construction of the improvements to undertake the
design of the improvements and to prepare plans and specifications therefor. The
Redevelopment Agency or the Housing Authority shall, install and construct, or cause to
be installed and constructed, all improvements in accordance with such plans and
specifications.
Section 7. The covenants established in this Agreement shall, without regard
to technical classification and designation, be binding on the Parties hereto and their
successors in interest.
Section 8. No member of the governing body of the Redevelopment Agency or
the Housing Authority, and no official, agent, or employee of the Redevelopment
Agency or the Housing Authority shall be personally liable to the other Party, or any
successor in interest, in the event of any default or breach by the Redevelopment
Agency or the Housing Authority, or for any amount which may become due to the
Redevelopment Agency or Housing Authority, or successor, or on any obligations under
the terms of this Agreement.
•
Section 9. The Redevelopment Agency and the Housing Authority covenant
and agree for themselves, their successors and assigns that there shall be no
discrimination against or segregation of any person, or group of persons, on account of
race, color, creed, religion, marital status, sex, age, national origin or ancestry in the
sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the lands, ..
rights-of-way, or improvements in respect of the Development Sites, the Housing
G'RDAAPatry Li anUMMIFiousing Cooperation AgroammttAnended and Rcnteted Housing Caopaation Agreement 02140Ldec P6402-00011967212v2,doc
-5-
CONTRACT NO. R23801 •
Developments and the Apartment Projects, nor shall the Redevelopment Agency, or the,,
Housing Authority, or any person, claiming under or through them, establish or permit
any such practice or practices of discrimination or segregation with reference to the
selection, location, number use or occupancy of tenants, lessees, subtenants,
sublessees, or vendees of the lands, rights-of-way and improvements. The
Redevelopment Agency shall refrain from restricting the rental, sale, or lease of the
rights-of-way and improvements on the basis of race, color, creed, religion, marital
status, age, sex, national origin, or ancestry of any person. All such deeds, leases or
contracts for the sale, lease, sublease or other transfer of the lands, rights-of-way and
improvements shall contain or be subject to substantially the following nondiscrimination
or nonsegregation clauses:
A. In deeds: "The Grantee herein covenants by andlor himself or herself, his
or her heirs, executors, administrators and assigns, and all persons
claiming under or through them, that there shall be no discrimination
against or segregation of, any person or group of persons on account of
any basis listed in subdivision (a) or (d) of Section 12955 of the California
Government Code, as those bases are defined in Sections 12926,
12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section
12955, and Section 12955.2 of the California Government Code, in the
sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of
the premises herein conveyed, nor shall the Grantee himself or herself, or
any person claiming under or through him or her, establish or permit any
practice or practices of discrimination or segregation with reference to the
selection, location, number, use or occupancy of tenants, lessees,
subtenants, sublessees or vendees in the premises herein conveyed. The
foregoing covenants shall run with the land.
Notwithstanding the immediately preceding paragraph, with respect to
familial status, said paragraph shall not be construed to apply to housing
for older persons, as defined in Section 12955.9 of the California
Government Code. With respect to familial status, nothing in said
paragraph shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10,
51.11, and 799.5 of the California Civil Code, relating to housing for senior
citizens. Subdivision (d) of Section 51 and Section 1360 of the California
Civil Code and subdivisions (n), (o) and (p) of Section 12955 of the •
California Government Code shall apply to said paragraph."
B. In leases: "The lessee herein covenants by and for himself or herself, his
or her heirs, executors, administrators...and assigns, and all persons
claiming under or through him or her, and this lease is made and accepted
upon and subject to the following conditions: That there shall be no
discrimination against or segregation of'any person or group of persons,
on account of any basis listed in subdivision (a) or (d) of Section 12955 of
the California Government Code, as those bases are defined in Sections
12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of
G:1RDAAPatty t.eonUMMUlousiog Cooperation AgreomentMmanded and Restated Housing Cooperation Agreemwt021402.doe P6402-0OOt1967212v2,doa
-6-
EXHIBIT 3
SUCCESSOR AGENCY TO THE PALM DESERT REDEEVELOPMENT AGENCY
AGREED-UPON PROCEDURES RELATED TO THE
LOW AND MODERATE INCOME HOUSING FUND
SUMMARY OF REPLACEMENT RESERVE STUDY
Reserve
2010 2011 2012 Study
Apartment Actual Special Actual Special Actual Special Prepared
Name Contribution Appropriation Contribution Appropriation Contribution Appropriation On
California Villas $ 225,000 $ - $ 236,250 $ - $ 248,063 $ - 7-Mar-10
Candlewood 45,000 700,000 48,150 - 51,521 - 25-Feb-10
Catalina 95,000 550,000 98,800 - 102,752 - 25-Feb-10
Desert Pointe 96,000 - 100,800 200,000 105,840 200,000 25-Mar-10
La Rocca Villas 25,000 - 27,000 - 29,160 - 25-Feb-10
Laguna Palms 62,900 - 66,045 - 69,347 - 24-Feb-10
Las Serenas 283,000 277,500 299,980 277,500 317,979 - 10-Mar-10
Neighbors
Gardens 45,000 280,000 47,250 - 49,613 - 25-Feb-10
One Quail Place 750,000 1,600,000 795,000 - 842,700 - 25-Feb-10
Palm Village 76,500 - 80,325 - 84,341 - 3-Aug-09
Pueblos 25,000 180,000 26,500 - 28,090 - 25-Feb-10
Taos Palms 47,200 - 49,796 - 52,535 - 7-Mar-10
Totals $ 1,775,600 $ 3,587,500 $ 1,875,896 $ 477,500 $ 1,981,941 $ 200,000
The Reserve study for the apartment projects was completed by Association Reserves,Inc.
The date for the various reports are listed above.
Transfers on 3/31/11 and 6/30/11:
2010 Annual $ 1,775,600
2010 Special 3,587,500
2011 Annual 1,875,896
2011 Special 477,500
$ 7,716,496
2012 Annual $ 1,981,941
2012 Special 200,000
$2,1.81,941
EXHIBIT 4
BOND DOCUMENTS
NEW ISSUE-BOOK-ENTRY ONLY RATINGS: Moody's Fitch
MBIA INSURED: Aaa AAA
UNINSURED: A2
In the opinion of Richards, Watson & Gershon, A Professional Corporation, Los Angeles, California, Bond Counsel, based on existing law and
assuming compliance with certain covenants set forth in the documents pertaining to the Series 2007 Bonds and requirements of the Internal Revenue Code
of 1986,as amended(the"Code"),as described herein, interest on the Series 2007 Bonds is not included in gross income of the owners thereof for federal
income tax purposes.In the opinion of Bond Counsel,interest on the Series 2007 Bonds is not treated as an item of tax preference in calculating the federal
alternative minimum taxable income of individuals and corporations.Interest on the Series 2007 Bonds may be subject to certain federal taxes imposed on
corporations,including the corporate alternative minimum tax on a portion of that interest.In the further opinion of Bond Counsel, interest on the Bonds
is exempt from personal income taxes imposed by the State of California.See 'Tax MATTERS"herein.
$86,155,000
PALM DESERT FINANCING AUTHORITY
TAX ALLOCATION (HOUSING SET-ASIDE) REFUNDING REVENUE BONDS
SERIES 2007
Dated:Date of Issuance Due:October I,as shown on the inside cover hereof
The Palm Desert Financing Authority(the"Financing Authority")is issuing S86,155,000 principal amount of Tax Allocation(Housing Set-Aside)
Refunding Revenue Bonds,Series 2007(the"Series 2007 Bonds")to make a loan(the"2007 Loan")to the Palm Desert Redevelopment Agency (the
"Redevelopment Agency")pursuant to a 2006 Housing Project Loan Agreement dated as of February 1,2007(the"2007 Loan Agreement")by and among
the Authority,the Agency and Wells Fargo Bank,National Association(the"Trustee").The Redevelopment Agency will use the proceeds of the 2007 Loan
to(i)finance the development of low and moderate income housing by the Redevelopment Agency;(ii)refinance a portion of the outstanding obligations
of the Redevelopment Agency under a loan agreement dated as of January 1,1998;(iii)purchase a debt service surety bond for deposit in the Reserve Fund
and(iv)pay certain costs associated with the issuance of the Series 2007 Bonds.The Series 2007 Bonds will be issued by the Financing Authority under
an Indenture of Trust,dated as of February 1,2007,by and between the Financing Authority and the Trustee(the"2007 Indenture").
The Series 2007 Bonds will be issued as fully registered instruments without coupons,in the denomination of$5,000 or any integral multiple thereof,
in book-entry form, initially registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DTC").
Purchasers will not receive physical certificates representing their interest in the Series 2007 Bonds.For so long as the Series 2007 Bonds are registered in
the name of Cede&Co.,the Trustee will make all payments of principal and interest on the Series 2007 Bonds to DTC,which,in turn,is obligated to remit
such principal and interest to DTC Participants(defined herein)for subsequent disbursement to the Beneficial Owners(defined herein)of the Series 2007
Bonds.See APPENDIX G—"DTC AND THE BOOK-ENTRY ONLY SYSTEM."Interest on the Series 2007 Bonds will be payable on April 1 and October I of each
year(each an"Interest Payment Date"),commencing October 1,2007,by check or draft,mailed on the Interest Payment Date to each Owner of the Series
2007 Bonds as of the Record Date preceding such Interest Payment Date.See"THE SERIES 2007 BoNDs—Description."
The Series 2007 Bonds are subject to optional redemption and mandatory sinking fund redemption as described herein.See"THE SERIES
2007 BONDS."
The Series 2007 Bonds are special obligations of the Authority payable from and secured by Revenues(as defined herein),consisting primarily
of amounts payable by the Redevelopment Agency under the 2007 Loan Agreement.The 2007 Loan Agreement is secured by and payable from
Pledged Tax Revenues,as defined herein.The Redevelopment Agency may,pursuant to the terms of the 2007 Loan Agreement and the Indenture,
issue additional obligations secured by Pledged Tax Revenues on a parity with the lien of the 2007 Loan Agreement(the"Parity Debt") or may
issue additional obligations secured by a lien on the Pledged Tax Revenues which is subordinate to the lien of the 2007 Loan Agreement.
The Redevelopment Agency currently has outstanding obligations that have a lien on certain Housing Set-Aside Revenues(as defined herein)
senior to and on a parity with that of the 2007 Loan Agreement. See"SECURITY FOR THE SERIES 2007 BONDS-Senior Debt, Parity Debt and
Subordinate Debt."
Payment of the principal of and interest on the Series 2007 Bonds when due will be insured by a financial guaranty insurance policy to be issued by
MBIA Insurance Corporation simultaneously with the delivery of the Series 2007 Bonds.See"FINANCIAL GUARANTY INSURANCE."
MBIA
THE SERIES 2007 BONDS ARE NOT A DEBT OF THE CITY OF PALM DESERT(THE "CITY"), THE STATE OF CALIFORNIA (THE
"STATE")OR ANY OF ITS POLITICAL SUBDIVISIONS,OTHER THAN THE FINANCING AUTHORITY,AND NONE OF THE CITY,THE STATE
OR ANY OF ITS POLITICAL SUBDIVISIONS,OTHER THAN THE FINANCING AUTHORITY,IS LIABLE THEREFOR.THE 2007 LOAN IS NOT
A DEBT OF THE FINANCING AUTHORITY OR THE STATE OR ANY OF ITS POLITICAL SUBDIVISIONS,AND NONE OF THE FINANCING
AUTHORITY OR THE STATE OR ANY OF ITS POLITICAL SUBDIVISIONS, OTHER THAN THE REDEVELOPMENT AGENCY, IS LIABLE
THEREFOR.THE OBLIGATIONS OF THE REDEVELOPMENT AGENCY WITH RESPECT TO THE 2007 LOAN IS PAYABLE SOLELY FROM
THE PLEDGED TAX REVENUES(AS DEFINED HEREIN).NONE OF THE MEMBERS OF THE FINANCING AUTHORITY,THE CITY COUNCIL,
THE REDEVELOPMENT AGENCY OR ANY PERSONS EXECUTING THE SERIES 2007 BONDS OR THE 2007 LOAN AGREEMENT ARE
LIABLE PERSONALLY WITH RESPECT TO THE SERIES 2007 BONDS OR THE 2007 LOAN.NEITHER THE FINANCING AUTHORITY NOR
THE REDEVELOPMENT AGENCY HAS TAXING POWER.
The Series 2007 Bonds are offered when,as and if issued and accepted by the Underwriter,.subject to the approval as to legality by Richards, Watson
&Gershon,A Professional Corporation, Los Angeles, California, Bond Cowtsel. Certain legal matters will be passed on for the Authority by Lofton&
Jennings, San Francisco, California, Disclosure Counsel, and for the Authority and the Redevelopment Agency by Richards, Watson & Gershon,
A Professional Corporation,Los Angeles,California.It is anticipated that the Series 2007 Bonds will be available for delivery on or about February 7,2007.
HUTCHINSON,SHOCKEY,ERLEY & CO.
Dated:January 25,2007.
TABLE OF CONTENTS
Property Tax Administrative Costs 26
INTRODUCTION 1 Certification of Redevelopment Agency
General;Authority for Issuance 1 Indebtedness 27
Purpose 1 Pass-Through Agreements and Tax
The City 2 Sharing Payments 28
The Financing Authority 2 Limitation of Tax Revenues from Certain
The Redevelopment Agency 2 Increased Tax Rates 29
The Project Areas 2 Ballot Initiatives and Legislative Matters 29
Security for the Series 2007 Bonds 3
Bond Insurance 5 CERTAIN RISKS TO BONDHOLDERS 29
Report of the Fiscal Consultant 5 Added Territory Projected to Reach Limit
Certain Risks to Bondholders 5 in Fiscal Year 2020-21 29
Continuing Disclosure 5 Accuracy of Assumptions 30
Additional Information 6 Reduction of Tax Revenues 30
Appeals to Assessed Values 31
PLAN OF FINANCE 6 Reduction in Inflation Rate 31
Development of Low and Moderate Bankruptcy and Foreclosure 32
Income Housing 6 Delinquencies 32
Refunding of Prior Bonds 6 State Budget 32
Estimated Sources and Uses of Funds 8 Natural Disasters 34
Debt Service Schedules 8 Hazardous Substances 35
THE SERIES 2007 BONDS 9 Loss of Tax Exemption 35
Risk of Tax Audit 35
Description of the Series 2007 Bonds 9 Secondary Market 35
Redemption Procedures 10
SECURITY AND SOURCES OF PAYMENT THE PROJECT AREAS 36
FOR THE SERIES 2007 BONDS 11 Overview 36
Project Area No. 1 43
Revenues and Loan Agreement 11 Project Area No.2 54
Tax Allocation Financing 11 Project Area No.3 54
Allocation of Taxes;Housing Set-Aside Project Area No.4 64
Amounts 12
Housing Set-Aside 12 THE FINANCING AUTHORITY 70
Pledged Tax Revenues 13
Redevelopment Plan Limitations.. 15 THE REDEVELOPMENT AGENCY 70
Reserve Fund 17 Authority,Members and Personnel 70
Senior Debt,Parity Debt and Subordinate Powers 72
Debt 18 Redevelopment Agency Finances 73
Investment of Funds 19 75
TAX MATTERS
FINANCIAL GUARANTY INSURANCE 19 APPROVAL OF LEGAL PROCEEDINGS 77
The MBIA Insurance Corporation
Insurance Policy 19 ABSENCE OF MATERIAL LITIGATION 77
MBIA Insurance Corporation 20 General 77
Regulation 20 Other Matters 77
Financial Strength Ratings of MBIA 21
MBIA Financial Information 21 FINANCIAL ADVISOR 77
Incorporation of Certain Documents by
Reference 22 CONTINUING DISCLOSURE 78
LIMITATIONS ON TAX REVENUES 22 VERIFICATION OF MATHEMATICAL
Article XIII A of the State Constitution 22 COMPUTATIONS 78
Article XIII B of the State Constitution; UNDERWRITING 78
Appropriation Limitations 24
Articles XIII C and XIII D of the State RATINGS 79
Constitution 25
Taxation of Unitary Property 25 FINANCIAL STATEMENTS 79
Property Tax Collection Procedures 25 MISCELLANEOUS 80
iii
APPENDICES
APPENDIX A - REPORT OF THE FISCAL CONSULTANT A-1
APPENDIX B - REDEVELOPMENT AGENCY AUDITED FINANCIAL STATEMENTS FOR
FISCAL YEAR ENDED JUNE 30,2006 B-1
APPENDIX C - GENERAL INFORMATION CONCERNING THE CITY OF PALM DESERT C-I
APPENDIX D - SUMMARY OF PRINCIPAL LEGAL DOCUMENTS D-1
APPENDIX E - FORM OF OPINION OF BOND COUNSEL E-1
APPENDIX F - FORM OF CONTINUING DISCLOSURE AGREEMENT F-1
APPENDIX G - DTC AND THE BOOK-ENTRY ONLY SYSTEM G-I
APPENDIX H - SPECIMEN FINANCIAL GUARANTY INSURANCE POLICY H-1
APPENDIX I - SPECIMEN RESERVE FUND SURETY BOND I-1
MAPS AND TABLES
Redevelopment Project Areas v
Table A All Project Areas— Summary of Redevelopment Plan Limits 37
Table B All Project Areas— Summary of Land Uses by Category 38
Table C All Project Areas— Summary of Principal Taxpayers 39
Table D All Project Areas— Summary of Housing Set-Aside Revenue Projections 41
Table E All Project Areas Projected Housing Set-Aside Revenues and Debt Service Coverage 42
Table IA-1 Project Area No. I—Original Area—Summary of Redevelopment Plan Limits 44
Table 1A-2 Project Area No. 1—Added Territory—Summary of Redevelopment Plan Limits 45
Table 1B Project Area No. 1—Combined—Land Uses by Category 46
Table IC Project Area No. 1— Combined—Principal Taxpayers 47
Table IC-1 Project Area No. 1— Original Area—Principal Taxpayers 48
Table 1C-2 Project Area No. 1— Added Territory—Principal Taxpayers 49
Table ID-1 Project Area No. 1— Original Area—Historical Taxable Values and Tax Increment
Verification 50
Table ID-2 Project Area No. 1— Added Territory—Historical Taxable Values and Tax Increment
Verification 51
Table 1E-1 Project Area No.I— Original Area—Projection of Incremental Taxable Value and
Housing Set-Aside Revenues 52
Table 1E-2 Project Area No. 1— Added Territory—Projection of Incremental Taxable Value
and Housing Set-Aside Revenues 53
Table 1F-1 Project Area No. 1 —Original Area—Assessment Appeals 54
Table IF-2 Project Area No. 1— Added Territory—Assessment Appeals 54
Table 2A Project Area No.2—Summary of Redevelopment Plan Limits 55
Table 2B Project Area No.2—Land Uses by Category 55
Table 2C Project Area No.2— Principal Taxpayers 56
Table 2D Project Area No.2— Historical Taxable Values and Tax Increment Verification 57
Table 2E Project Area No.2— Projection of Incremental Taxable Value and Housing
Set-Aside Revenues 58
Table 2F Project Area No.2— Assessment Appeals 59
Table 3A Project Area No.3—Summary of Redevelopment Plan Limits 60
Table 3B Project Area No.3—Land Uses by Category G0
Table 3C Project Area No.3— Principal Taxpayers 61
Table 3D Project Area No.3— Historical Taxable Values and Tax Increment Verification 62
Table 3E Project Area No.3— Projection of Incremental Taxable Value and Housing Set-Aside
Revenues 63
Table 3F Project Area No.3—Assessment Appeals 64
Table 4A Project Area No.4—Summary of Redevelopment Plan Limits 65
Table 4B Project Area No.4—Land Uses by Category 66
Table 4C Project Area No.4— Principal Taxpayers 67
Table 4D Project Area No.4— Historical Taxable Values and Tax Increment Verification 68
Table 4E Project Area No.4— Projection of Incremental Taxable Value and Housing Set-Aside
Revenues 69
Table 4F Project Area No.4—Assessment Appeals 70
iv
The Redevelopment Agency has never failed to comply in all material respects with any previous
undertakings with regard to said Rule to provide annual reports or notices of material events.
Additional Information
This Official Statement contains summaries of the Series 2007 Bonds,the security for the Series
2007 Bonds,the 2007 Indenture,the 2007 Loan Agreement,the Redevelopment Law,the Redevelopment
Agency, the Project Areas and certain other information relevant to the issuance of the Series 2007
Bonds. All references herein to the 2007 Indenture and the 2007 Loan Agreement are qualified in their
entirety by reference to the complete text thereof and all references to the Series 2007 Bonds are further
qualified by reference to the form thereof contained in the 2007 Indenture. The audited financial
statements of the Redevelopment Agency for the Fiscal Year ended June 30, 2006 are included in
APPENDIX B. The proposed forms of legal opinions of Bond Counsel for the Series 2007 Bonds are set
forth in APPENDIX B. See APPENDIX D—"SUMMARY OF PRINCIPAL LEGAL DOCUMENTS" for definitions
of certain words and terms used herein. All capitalized terms used in this Official Statement and not
otherwise defined herein have the same meanings as in the 2007 Indenture. The information set forth
herein and in the Appendices hereto has been furnished by the Redevelopment Agency and the City and
includes information which has been obtained from other sources which are believed to be reliable but is
not guaranteed as to accuracy or completeness by the Financing Authority or the Underwriter and is not to
be construed as a representation by the Underwriter. Copies of documents referred to herein and
information concerning the Series 2007 Bonds are available upon written request from the Senior
Financial Analyst of the Redevelopment Agency, 73-510 Fred Waring Drive, Palm Desert, California
92260-2578; telephone: 760-346-0611. The Redevelopment Agency may impose a charge for copying,
mailing and handling.
PLAN OF FINANCE
Development of Low and Moderate Income Housing
A portion of the remaining proceeds of the 2007 Loan will be used by the Redevelopment
Agency to finance the development of certain low and moderate income housing activities of the
Redevelopment Agency within the Project Areas, including but not limited to (i) acquiring and/or
rehabilitating multi-family housing units; (ii) acquiring land and constructing additional Redevelopment
Agency owned multi-family low and moderate income housing units and (iii) providing subsidies to
facilitate the development of low and moderate income housing units.
Refunding of Prior Bonds
The Financing Authority will loan the proceeds of the Series 2007 Bonds to the Redevelopment
Agency. The Redevelopment Agency will use a portion of the proceeds of the 2007 Loan to prepay
certain amounts that remain due with respect to the 1998 Loan Agreement. The Financing Authority will
use those prepaid loan amounts to refund a portion of the Palm Desert Financing Authority Tax
Allocation(Housing Set-Aside)Revenue Bonds, Series 1998 in the principal amount of$38,740,000 (the
"Prior Bonds"). Such proceeds of the Series 2007 Bonds will be deposited in an escrow fund (the
"Escrow Fund") to be held by Wells Fargo Bank, National Association, as escrow bank (the "Escrow
Bank") pursuant to an Escrow Agreement dated as of February 1, 2007 (the "Escrow Agreement"), by
and among the Financing Authority,the Redevelopment Agency and the Escrow Bank.
Following the refunding of the Prior Bonds, there will be $5,725,000 principal amount of
Remaining 1998 Bonds.
6
EXHIBIT 5
PROJECTED REVENUES AND SPENDING REQUIREMENTS
ON ANNUAL BASIS - 2012 TO 2038 AND ASSUMPTIONS MADE
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2012'' 2013 2014 2015 2016 2017
Sources
Stipulation 4,747,709 6,661,904 6,975,244 7,297,908 7,626,588 7,957,462
SERAF Reimbursement
Note Payoff 287,629 500,000 500,000 500,000 500,000
Loan Payoffs 250,000 255,000 260,100 265,302
TOTAL SOURCES 4,747,709 6,949,533 7,725,244 8,052,908 8,386,688 8,722,764
Uses
Administration 1,446,577 1,475,509 1,505,019 1,535,119 1,565,822 1,597,138
Programs
PDHA Net Operations Costs 316,398 322,726 329,180 335,764 342,479
ARR 220,000 224,400 228,888 233,466 238,135
HIP 25,000 25,500 26,010 26,530 27,061
Affordability Covenant Maint 25,000 25,500 26,010 26,530 27,061
Homebuyer Assistance 250,000 255,000 260,100 265,302 270,608
Projects
Carlos Ortega Villas Const
Indian Springs MHP Agreement
Developer Buy-down Subsidy
Desert Pointe Rehabilitation 2,500,000 2,500,000
Las Serenas Expansion 6,150,000
Sagecrest Apartments Const 3,000,000 3,000,000
15 Acre Site Acquisition 2,250,000
15 Acre Site Development
Complex Acquisition
Rehab of Complex
NS Parkland Apts Const
Replacement Expenditures
California Villas Rep Exp 304,398 42,347 47,878 45,016 49,133 166,264
Candlewood Rep Exp 13,465 45,189 88,453 14,806 3,259 44,907
Carlos Ortega Rep Exp 21,174
Catalina Gardens Rep Exp 395,960 52,336 158,270 68,180 101,465 62,578
Desert Pointe Rep Exp 585,164 326,086 54,897 71,527 47,661 77,851
La Rocca Villas Rep Exp 5,121 - 38,031 5,596 44,527
Laguna Palms Rep Exp 2,732 4,193 4,869 34,389 - 235,049
Las Serenas Rep Exp 518,436 256,735 297,931 74,927 97,990 793,441
Las Serenas II Rep Exp
Neighbors Rep Exp 6,259 - 165,139 9,523 17,772 29,199
One Quail Place Rep Exp 575,517 206,432 1,023,929 245,497 184,912 275,522
Palm Village Rep Exp 4,617 28,926 - 17,194 37,880 113,142
Pueblos Rep Exp 155,866 - 10,781 1,045 4,489 11,084
Sagecrest Replacement Exp 2,096
Taos Palms Rep Exp 29,520 2,898 126,187 1,433 21,062 51,051
TOTAL USES 4,038,511 3,282,170 6,586,477 8,526,875 8,524,632 10,580,368
*Projects depend on availability of funding
PALM DESERT HOUSING AUTH
Fiscal Year 2019 201,9 2020 2021 2022 2023
Sources
Stipulation 8,301,272 8,648,924 9,001,622 14,142,874 5,986,636 5,478,018
SERAF Reimbursement 4,899,949
Note Payoff 500,000 500,000 500,000 500,000 500,000 500,000
Loan Payoff's 270,608 276,020 281,541 287,171 292,915 298,773
TOTAL SOURCES 9,071,880 9,424,944 9,783,163 19,829,994 6,779,551 6,276,791
Uses
Administration 1,629,081 1,661,662 1,694,896 1,728,794 1,763,369 1,798,637
Programs
PDHA Net Operations Costs 349,329 356,316 363,442 370,711 378,125 385,687
ARR 242,898 247,756 252,711 257,765 262,920 268,179
HIP 27,602 28,154 28,717 29,291 29,877 30,475
Affordability Covenant Maint 27,602 28,154 28,717 29,291 29,877 30,475
HomebuyerAssistance 276,020 281,541 287,171 292,915 298,773 304,749
Projects
Carlos Ortega Villas Const
Indian Springs MHP Agreement
Developer Buy-down Subsidy
Desert Pointe Rehabilitation
Las Serenas Expansion 9,600,000 6,500,000
Sagecrest Apartments Const
15 Acre Site Acquisition
15 Acre Site Development 5,500,000 5,000,000 5,000,000
Complex Acquisition
Rehab of Complex
NS Parkland Apts Const
Replacement Expenditures
California Villas Rep Exp 1,128,596 227,962 936,054 67,973 319,186 965,297
Candlewood Rep Exp 62,694 42,468 3,668 54,535 3,892 57,932
Carlos Ortega Rep Exp 23,939 22,508 24,567 83,132 564,298 113,981
Catalina Gardens Rep Exp 136,854 127,605 64,367 190,232 84,771 70,335
Desert Pointe Rep Exp 38,953 70,216 58,158 23,532 135,754 164,255
La Rocca Villas Rep Exp 21,906 - - 200,602 48,176
Laguna Palms Rep Exp 4,860 60,443 - 5,988 743,519 70,071
Las Serenas Rep Exp 104,382 454,714 74,922 60,025 81,797 100,814
Las Serenas II Rep Exp 8,195 12,578 14,607
Neighbors Rep Exp 13,439 13,977 61,183 51,327 113,665 20,987
One Quail Place Rep Exp 523,475 1,495,997 219,609 540,934 558,337 260,392
Palm Village Rep Exp 2,707 178,271 - - 974,299 28,361
Pueblos Rep Exp - 53,757 - 142,220 8,517 1,324
Sagecrest Replacement Exp 2,434 17,194 - 117,525 2,430 30,221
Taos Palms Rep Exp 288,453 39,108 3,461 54,321 27,462 74,193
TOTAL USES 14,483,320 11,929,707 4,101,642 9,608,707 11,594,047 9,839,148
*Projects depend on availability o
PALM DESERT HOUSING AUTH
Fiscal Year 2024' 2025 2026 2027 2028 2029
Sources
Stipulation 5,669,196 5,856,688 6,054,706 3,579,934 3,737,132 7,443,352
SERAF Reimbursement
Note Payoff 500,000 500,000 500,000
Loan Payoffs 304,749 310,844 317,060 323,402 329,870 336,467
TOTAL SOURCES 6,473,945 6,667,532 6,871,766 3,903,336 4,067,002 7,779,819
Uses
Administration 1,834,610 1,871,302 1,908,728 1,946,902 1,985,840 2,025,557
Programs
PDHA Net Operations Costs 393,401 401,269 409,295 417,480 425,830 434,347
ARR 273,542 279,013 284,593 290,285 296,091 302,013
HIP 31,084 31,706 32,340 32,987 33,647 34,320
Affordability Covenant Maint 31,084 31,706 32,340 32,987 33,647 34,320
Homebuyer Assistance 310,844 317,060 323,402 329,870 336,467 343,196
Projects
Carlos Ortega Villas Const
Indian Springs MHP Agreement 2,500,000 2,500,000
Developer Buy-down Subsidy
Desert Pointe Rehabilitation
Las Serenas Expansion
Sagecrest Apartments Const
15 Acre Site Acquisition
15 Acre Site Development 5,000,000
Complex Acquisition 20,000,000
Rehab of Complex
NS Parkland Apts Const
Replacement Expenditures
California Villas Rep Exp 57,606 69,564 91,113 211,825 66,063 149,636
Candlewood Rep Exp 391,985 59,615 20,909 207,867 82,765 510,046
Carlos Ortega Rep Exp 468,027 33,987 159,593 482,648 28,803 34,782
Catalina Gardens Rep Exp 206,236 174,151 417,964 216,549 81,538 116,043
Desert Pointe Rep Exp 55,399 131,866 382,081 693,948 455,256 34,588
La Rocca Villas Rep Exp - 7,301 - 466,637 61,986 -
Laguna Palms Rep Exp - - - 438,121 65,756 -
Las Serenas Rep Exp 2,118,563 78,069 74,709 140,834 470,860 209,328
Las Serenas II Rep Exp 103,166 - 705,148 14,581 181,328 -
Neighbors Rep Exp 182,750 150,040 32,231 92,612 31,125 276,064
One Quail Place Rep Exp 2,281,410 1,612,911 621,388 243,788 306,776 1,675,168
Palm Village Rep Exp - 41,241 8,430 227,896 48,704 -
Pueblos Rep Exp 108,902 - 3,967 71,502 51,115 51,023
Sagecrest Replacement Exp - 2,994 371,759 35,035 - -
Taos Palms Rep Exp 218,115 30,810 32,437 8,299 9,425 285,501
TOTAL USES 14,066,723 5,324,606 25,912,425 9,102,657 7,553,023 6,515,931
*Projects depend on availability o
PALM DESERT HOUSING AUTH
Fiscal Year 2030 2031 2032 2033 2034 2035
Sources
Stipulation 7,610,572 7,777,700 7,949,928 8,887,826 9,065,582 9,246,894
SERAF Reimbursement 504,789
Note Payoff
Loan Payoffs 343,196 350,060 357,062 364,203 371,487 378,917
TOTAL SOURCES 7,953,768 8,127,760 8,306,990 9,252,029 9,437,069 10,130,600
Uses
Administration 2,066,068 2,107,390 2,149,538 2,192,528 2,236,379 2,281,106
Programs
PDHA Net Operations Costs 443,034 451,894 460,932 470,151 479,554 489,145
ARR 308,053 314,214 320,498 326,908 333,447 340,116
HIP 35,006 35,706 36,420 37,149 37,892 38,649
Affordability Covenant Maint 35,006 35,706 36,420 37,149 37,892 38,649
Homebuyer Assistance 350,060 357,062 364,203 371,487 378,917 386,495
Projects
Carlos Ortega Villas Const
Indian Springs MHP Agreement
Developer Buy-down Subsidy
Desert Pointe Rehabilitation
Las Serenas Expansion
Sagecrest Apartments Const
15 Acre Site Acquisition
15 Acre Site Development
Complex Acquisition
Rehab of Complex 5,000,000 10,000,000
NS Parkland Apts Const 5,000,000 5,000,000 5,000,000
Replacement Expenditures
California Villas Rep Exp 1,609,108 289,859 365,114 64,999 66,949 1,442,328
Candlewood Rep Exp 41,113 46,561 5,230 188,440 5,549 17,900
Carlos Ortega Rep Exp 45,557 105,913 33,032 74,818 804,554 144,929
Catalina Gardens Rep Exp 196,749 103,757 121,573 335,106 320,976 100,281
Desert Pointe Rep Exp 32,781 69,603 131,924 42,185 140,446 41,300
La Rocca Villas Rep Exp 92,260 303,932 - 9,527 -
Laguna Palms Rep Exp - 141,361 4,934 7,572 - 9,058
Las Serenas Rep Exp 106,130 108,068 171,357 627,981 266,957 95,968
Las Serenas II Rep Exp 17,965 2,230,556 210,212 - - -
Neighbors Rep Exp 59,250 15,281 58,319 16,262 19,053 18,978
One Quail Place Rep Exp 367,594 405,280 335,312 1,714,255 719,108 412,017
Palm Village Rep Exp - 281,763 242,504 - 53,810 -
Pueblos Rep Exp - 230,076 - - 35,490 19,517
Sagecrest Replacement Exp - 219,061 32,878 - - 70,680
Taos Palms Rep Exp - 32,813 55,458 32,880 - 29,114
TOTAL USES 10,713,474 12,674,183 10,439,791 6,539,871 10,946,497 15,976,231
*Projects depend on availability o
PALM DESERT HOUSING AUTH
Fiscal Year 2036 j 2037 2038 TOTALS
Sources
Stipulation 9,431,832 9,620,468 9,812,876 204,570,847
SERAF Reimbursement 3,680,271 7,078,858 1,657,421 17,821,288
Note Payoff 6,787,629
Loan Payoffs 386,495 394,225 402,109 8,007,575
TOTAL SOURCES 13,498,598 17,093,551 11,872,406 237,187,339
Uses
Administration 2,326,729 2,373,263 2,420,728 51,128,291
Programs -
PDHA Net Operations Costs 498,928 508,906 519,084 10,653,407
ARR 346,918 353,856 360,933 7,407,599
HIP 39,422 40,211 41,015 841,773
Affordability Covenant Maint 39,422 40,211 41,015 841,773
HomebuyerAssistance 394,225 402,109 410,151 8,417,726
Projects -
Carlos Ortega Villas Const -
Indian Springs MHP Agreement 5,000,000
Developer Buy-down Subsidy -
Desert Pointe Rehabilitation 5,000,000
Las Serenas Expansion 22,250,000
Sagecrest Apartments Const 6,000,000
15 Acre Site Acquisition 2,250,000
15 Acre Site Development 20,500,000
Complex Acquisition 20,000,000
Rehab of Complex 10,000,000 5,000,000 30,000,000
NS Parkland Apts Const 15,000,000
Replacement Expenditures -
California Villas Rep Exp 122,060 650,343 1,486,050 11,042,721
Candlewood Rep Exp 72,414 22,765 90,139 2,198,565
Carlos Ortega Rep Exp 182,557 32,499 33,474 3,518,771
Catalina Gardens Rep Exp 382,839 116,112 111,642 4,514,472
Desert Pointe Rep Exp 52,082 350,664 312,645 4,580,821
La Rocca Villas Rep Exp - 904,418 - 2,210,020
Laguna Palms Rep Exp 2,002,394 41,299 3,876,607
Las Serenas Rep Exp 115,174 175,770 174,150 7,850,031
Las Serenas II Rep Exp 1,314,363 197,269 - 5,009,968
Neighbors Rep Exp 79,966 198,020 13,904 1,746,325
One Quail Place Rep Exp 520,337 926,067 405,683 18,657,647
Palm Village Rep Exp 546,159 1,730,222 15,141 4,581,267
Pueblos Rep Exp - 19,562 2,474 982,710
Sagecrest Replacement Exp 2,467 3,786 - 910,562
Taos Palms Rep Exp 78,412 38,609 11,960 1,582,981
TOTAL USES 17,114,474 16,087,059 6,491,489 278,554,036
*Projects depend on availability o
PALM DESERT HOUSING AUTHORITY
Fiscal Year Assumptions Made
Sources
Prior Year Balance Forward
Stipulation Based on Current Year Prop Tax(plus 2%annual increase)*20%,Less Debt Service
SERAF Reimbursement Based on AB 1484,estimated funds available from repayment
Note Payoff Based on Principal Amount Due and 2012 repayment
Loan Payoffs Based on 10 Loan Payoffs @$25k/loan(offset by HBA Program below)
TOTAL SOURCES
Uses
Administration Based on Five Year Average of Admin Costs plus 2%annual inc.
Programs
PDHA Net Operations Costs Based on Current Budget Net Ops plus 2%annual increase
ARR Based on Current Budget plus 2%Annual Increase
HIP Based on Current Budget plus 2%Annual Increase
Affordability Covenant Maint Based on Current Budget plus 2%Annual Increase
Homebuyer Assistance Based on Current Budget plus 2%Annual Increase(offset by Loan Payoffs)
Projects(As required by Stipulation)
Carlos Ortega Villas Const Based on Current Estimated Costs
Indian Springs MHP Agreement Based on HOA Settlement Agreement dated 2/27/09
Developer Buy-down Subsidy Based on Bond Tax Certificate and Letter to SA re unspent proceeds.
Desert Pointe Rehabilitation Based on Current Estimated Costs
Las Serenas Expansion Based on 150 units @$150k/ea
Sagecrest Apartments Const Based on Current Estimated Costs
15 Acre Site Acquisition Based on 15 Acres @$150klacre
15 Acre Site Development Based on 100 SFH @$205k/unit(including subsidy)
Complex Acquisition Based on recent asking price.
Rehab of Complex Based on 300 units @$100k/unit
NS Parkland Apts Const Based on 100 units @$150k/unit
Replacement Expenditures
Califomia Villas Rep Exp Based on Replacement Reserve Study by ARI
Candlewood Rep Exp Based on Replacement Reserve Study by ARI
Carlos Ortega Rep Exp Based on half Ca Villas Study.
Catalina Gardens Rep Exp Based on Replacement Reserve Study by ARI
Desert Pointe Rep Exp Based on Replacement Reserve Study by ARI
La Rocca Villas Rep Exp Based on Replacement Reserve Study by ARI
Laguna Palms Rep Exp Based on Replacement Reserve Study by ARI
Las Serenas Rep Exp Based on Replacement Reserve Study by ARI
Las Serenas II Rep Exp Based on(3 times)Laguna Palms Study.
Neighbors Rep Exp Based on Replacement Reserve Study by ARI
One Quail Place Rep Exp Based on Replacement Reserve Study by ARI
Palm Village Rep Exp Based on Replacement Reserve Study by ARI
Pueblos Rep Exp Based on Replacement Reserve Study by ARI
Sagecrest Replacement Exp Based on half Laguna Palms Study
Taos Palms Rep Exp Based on Replacement Reserve Study by ARI
TOTAL USES
BALANCE
*Projects depend on availability of funding
EXHIBIT 6
SETTLEMENT AND RELEASE AGREEMENT,
CITY OF PALM DESERT,
PALM DESERT REDEVELOPMENT AGENCY AND
IS PALM DESERT, LP
A
SETTLEMENT AND RELEASE AGREEMENT
THIS SE t I LEVILN I ANt)RE1.EASE..AGREEMENT("Agreement") is made and entered into as
2009 by and among THE CITY OF PALM DESERT, a municipal corporation
("City"), the PALM DESERT REDEVELOPMENT AGENCY, a public body, corporate and
politic("Agency") and IS PALM DESERT, LP, a California limited partnership (successor-in-
interest to iNDIAN SPRINGS. LTD. ("Park Owner"). City. Agency and Park Owner are
sometimes collectively referred to herein as the "Parties" and individually as a"Party".
RECITALS
A. Park Owner is the owner of that certain mobile home park("Park") located at 49-
305 State Highway 74, Palm Desert, California.
B. On or about October 4, 2005, the Park Owner tiled a Verified Petition For Writ of
Mandamus to Compel Approval of Subdivision Map and Complaint For Inverse Condemnation
("Original Writ and Complaint")in the Superior Court of the County of Riverside, Case No.
INC 053903 (the"Action"). On or about March 7, 2008, with respect to the Action, Park Owner
filed a First Amended Verified Petition for Writ of Mandamus to Compel Approval of
Subdivision Map and Complaint For Inverse Condemnation and Violation oft? 42 U.S.C. 1983
(collectively with the Original Writ and Complaint, "Complaint").
C. Park Owner has been involved in a number of disputes between it and the
residents of the Park and the Indian Springs Mobile Home Park Homeowners' Association, a
California nonprofit mutual benefit corporation ("HOA")under the City's Mobilehome Rent
Stabilization Ordinance and before the City's Mobile Home Park Rent Review Board
(collectively, "Owner-Resident Disputes").
D. The Complaint together with any and all complaints, claims, defenses, causes of
action, cross-complaints, answers and denials of the Parties against the other related to, arising
from, in connection with, or involving the Action are collectively referred to herein as the
"Disputes".
E. This Agreement is entered into for the benefit of Park Owner, City and Agency.
Except as provided herein, no third party shall have the right to make any claim or assert any
right under this Agreement. and no third party shall be deemed a beneficiary of this Agreement.
F. The Parties desire to settle the Disputes by entering into this Agreement. without
admitting liability to one another.
NOW. THEREFORE the Parties hereby agree as tollows:
TERMS AND CONDITIONS
1. Conditions Precedent. The effectiveness of this Agreement is conditioned upon
(i) the concurrent execution and delivery of the Park Owner-HOA Agreement and the City-HOA
Agreement (each as defined under Section 21 hereof), and (ii) the adoption and issuance by the
IMAM.t/file)tln Pet►,( net lgtcrutrnt t0,411't 3416 n(I I I
City's rent control board ("Rent Control Board") ot'the Stipulated Agreement and Order(as
defined in the Park Owner-HOA Agreement) (collectively, "Conditions Precedent").
2. Obligations of the City. Upon satisfaction of the Conditions Precedent and
execution and delivery of this Agreement by the Park Owner, and so long as the Park Owner is
not in default of its obligations in this Agreement, City shall comply with the following:
(a) Within thirty(30) days following City's receipt of a Park Owner Invoice
(as defined below) for each calendar month, commencing February 1, 2009("Commencement
Date"), and continuing for each calendar month thereafter until the Monthly City Payments
Termination Date(as defined below), the City shall pay to Park Owner$61.26 per resident lot
("Monthly City Payments") for each resident lot of the Park for which a deed transferring title
to the buyer has not been recorded and for which a tenant is paying rent(collectively, "Unsold .
Rent Paying Units"). A "Park Owner Invoice"shall mean a written invoice prepared by Park
Owner and delivered to the City certifying as to the number of Unsold Rent Paying Units. The
Park Owner Invoice with respect to the Monthly City Payments for February 2009 is attached
hereto as Exhibit A. The City shall continue to pay the Monthly City Payments pursuant to a
Park Owner Invoice for each month during the period from the Commencement Date until the
earlier of(i) the thirtieth (30`h)anniversary of the Commencement Date,or(ii)the date of the
sale of the last of the resident lots in the Park evidenced by the recording of a deed transferring
title to the buyer(as applicable, "Monthly City Payments Termination Date.The City shall set
aside from its existing funds into a special account an amount that the City reasonably deems to
be sufficient to make all of the Monthly City Payments for such 30-year period. If the City fails
to pay any Monthly City Payments within the 30-day period following receipt of a Park Owner
Invoice, then a late payment charge equal to the lesser of five percent(5%) of the unpaid amount
of the Monthly City Payments or the maximum amount permitted by applicable law shall be
added to the amount of the Monthly City Payments for the month following the month pertaining
to such unpaid sums and for each month thereafter until payment is received. The Parties
acknowledge that such late payment charge is a reasonable amount in order to defray the expense
incurred by Park Owner in handling and processing such delinquent payments and to compensate
Park Owner for the loss of use of such delinquent payments. Monthly City Payments payable for
less than a full calendar month shall be prorated based on a thirty(30)day month.
•
(b) City shall deliver to the HOA a check in the amount of$86,000 made
payable to the HOA ("Settlement Payment-) within ten (10)days of the City's receipt of the
Park Owner's Payment(as defined in Section 3(i) hereof). The Settlement Payment is subject to
certain application restrictions as described under the terms of the Park Owner-HOA Agreement
and the City-HOA Agreement.
(c) City agrees to not interfere with or take action against conversion,
subdivision or the sale of lots within the Park, nor cause or encourage any other governmental
agency to do so.
(d) City acknowledges and agrees that (i) Park Owner has already completed
construction of a sewer system for the Park ("Sewer System") as evidenced by that certain
Activity Report dated November 14, 2008 regarding inspection issued by the California
Department of Housing and Community Development , a copy of which is attached hereto as
{D\i't ai final(-it i'ari.Ov.tret Agreement rI U4t') 141601 I; 2
r.
Exhibit B. and that certain completion and approval letter dated February 23, 2009 issued by the
Coachella Valley Water District ("Water District"), a copy of which is attached hereto as
Exhibit C, (ii) the Sewer System replaces the septic tank sewer system at the Park and connects
to the Water District's sewer line under Highway 74. (iii) Park Owner has abandoned all existing
septic tanks, seepage pits and leach fields at the Park, and(iv)each mobilehome in the Park,
whether vacant or occupied. and all common area buildings,have been connected to the Sewer
System.
(e) Within ten (10) days following the date of this Agreement, City shall
deliver to Park Owner the City's written assignment of all right, title and interest of the City in
and to certain prepaid per unit sewer hook-up fees (collectively, "Prepaid Sewer Hook-Up
Fees") for the Park previously paid by the City to the Water District. The Prepaid Sewer Hook-
Up Fees represent payment in full of fees payable to the Water District for connecting all
mobilehomes and buildings within the Park to the Water District's sewer line under Highway 74
and the Water District sewer system. The Prepaid Sewer Hook-Up Fees do not include Water
District charges for engineering, inspection, plan check or any other similar fees,
3. Obligations of the Park Owner. Upon satisfaction of the Conditions Precedent
and execution and delivery of this Agreement by the City and Agency,and so long as the City
and Agency are not in default of their obligations in this Agreement, Park Owner shall comply
with the following:
(a) Within ten (10)days following the date that(i) the adoption and issuance
of the Stipulated Agreement and Order by the Rent Control Board,or(ii) the City Council
approves this Agreement, whichever is later, is no longer subject to appeal (`Expiration of
Appeal Periods"), Park Owner shall file a dismissal with prejudice of all of Park Owner's
claims in the Action.
(h) The purchase price for each resident lot shall be its appraised fair market
value less any applicable discount hereinafter described. Park Owner shall provide a discount
equal to ten percent(10%)offof the appraised fair market value of each resident lot to Park
residents who are extremely low, very low or low income households, within the meaning of
those terms under California Health and Safety Code Sections 33000,et seq. (collectively,
"Community Redevelopment Law") if such resident purchaser(i)deposits into escrow an
executed Park Owner and California Department of Real Estate("DRE")approved form of
deposit receipt sales contract (which may be subject to financing contingencies) ("Approved
Form Deposit Receipt/Sales Contract") regarding the purchase of his. her or their lot within
thirty(30) days atter delivery of the final public report ("Final Public Report") issued by the
DRE pertaining to the subdivision of the Park; and (ii) has delivered to Park Owner a Resident's
Waiver and Release of Claims(as defined in the Park Owner-HOA Agreement) in accordance
with the terms and delivery requirements described under the Park Owner-HOA Agreement.
Such discount shall he provided to resident purchasers that satisfy the foregoing requirements.
regardless of when escrow closes and regardless of when funds. including, but not limited to, any
Mohilehome Park Resident Ownership Program("NIPROP") funds, become available for such
purchase.
•
l)'tM.1/limit City PA Ounrr 3rrrrn,nl1.i4f/9 1416„rl I 3
(c)‘ Park Owner shall provide a discount equal to five percent (5%)off of the
appraised fair market value of each resident lot to any resident purchaser, regardless of income
level, if such resident purchaser(i)deposits into escrow an executed Approved Form of Deposit
Receipt'Sales Contract regarding the purchase of his, her or their lot within sixty(60) days after
delivery of the Final Public Report issued by the DRE pertaining to the subdivision of the Park,
and (ii) has delivered to Park Owner a Resident's Waiver and Release of Claims (as defined in
the Park Owner-HOA Agreement) in accordance with the terms and delivery requirements
described under the Park Owner-HOA Agreement. Such discount shall be provided to any
resident purchasers that satisfy the foregoing requirements, regardless of when escrow closes and
regardless of when funds, including, but not limited to, any MPROP funds, become available for
such purchase. Notwithstanding the foregoing, this discount shall not be available to any
resident who receives the discount benefit described under Section 3(b) above.
(d) For Park residents that (i) are"persons or families of low or moderate
income"(as defined in Section 33000 et seq. of the California Health and Safety Code), (ii)enter
into escrow to purchase their space, and (iii)deliver to Park Owner an executed Resident's
Waiver and Release of Claims (as defined in the Park Owner-HOA Agreement) in accordance
with the terms and delivery requirements described under the Park Owner-HOA Agreement,
Park Owner shall provide such residents with seller financing secured by the resident's
mobilehome and lot(each a"Seller Financing Loan") at an interest rate of three percent(3%)
per annum, with interest only payments payable every six (6)months, so long as the monthly
amount of such interest only payments plus homeowners' association("HOA") dues do not
exceed the resident's most recent total amount of monthly rent payments for the subject space. If
the monthly amount of such interest only payments plus HOA dues exceeds the resident's most
recent total amount of monthly rent payments for the subject space, then there shall be no
requirement for interest only payments every six (6) months and all accrued interest together
with unpaid principal and any other charges shall be payable in full at maturity or earlier
pursuant to the terms of the Seller Financing Loan. The total amount of Seller Financing Loans
made available by Park Owner to eligible residents shall not exceed the maximum aggregate
principal amount of S5,000,000 ("Maximum Aggregate Seller Financing Amount"). Park
Owner shall have no obligation to make a Seller Financing Loan to a Park resident, unless in
addition to satisfaction of the requirements set forth in clauses(i)and (ii) of this Section 3(d), the
Park resident shall(x)have delivered by not later than two(2) years after the close of escrow for
the sale of the first resident lot at the Park a completed and executed loan application on a form
prescribed by Park Owner("Application Delivery Deadline"). and(y) have satisfied Park
Owner's reasonable borrower qualification requirements for obtaining a Seller Financing Loan.
Notwithstanding anything to the contrary herein. Park Owner shall not he required to make any
Seller Financing Loans which would cause the resident's purchase transaction to generate
insufficient cash to satisfy release price payment requirements under any then existing financing
secured by the Park or to pay Park Owner's closing costs related to the purchase transaction.
The principal amount of each Seller Financing Loan to a resident shall he determined by Park
Owner in its sole discretion. Each Seller Financing Loan provided to a Park resident will be
fully due and payable upon the earlier of(a)twenty(20) years, (h) the sale, transfer, lease or
encumbrance of the resident's space without Park Owner's consent, (c) when the resident ceases
to occupy their space as their principal residence. or(d)when there is a resident default which is
not cured after notice and during the applicable cure period.
Palk Ov. grccmc,p H21)4 01 14 N,n1 1 I 4
(c) If both an Agency Financing Loan and a Seller Financing Loan are
secured by the same resident mobilehome and lot, then the aggregate loan payments under both
loans shall not result in loan payments which exceed the Affordable Housing Cost(as defined in
Section 4(c) below) for forty-live(45) years after taking into account other costs of ownership.
If both an Agency Financing Loan and a Seller Financing Loan are secured by the same resident
mobilehome and lot, then Park Owner shall cooperate with Agency in determining the principal
amount, monthly payments and amortization under both loans in order that the loans do not
result in loan payments which exceed the Affordable Housing Cost (as defined in Section 4(c)
below).
(f) Each Seller Financing Loan shall be exclusive of MPROP financing,
Agency Financing Loans(as defined under Section 4(a) below)or other governmental funding
made available to Park residents for the purchase of their space at the Park. Any Agency deed of
trust recorded against a mobilehome and lot securing an Agency Financing Loan shall be senior
and prior to any deed of trust recorded against such mobilehome and lot securing a Seller
Financing Loan.
(g) Anything to the contrary herein notwithstanding, given the Maximum
Aggregate Seller Financing Amount and the Maximum Aggregate Agency Financing Amount,
Park Owner shall cooperate with Agency so as to determine the priority of residents who will
receive Seller Financing Loans and Agency Financing Loans from the pool of residents who
satisfy the qualification and eligibility requirements described in this Section 3 and the
qualification and eligibility requirements described in Section 4 below.
(h) Park Owner shall comply with the requirements described under Section
2(a)of the Park Owner-HOA Agreement regarding filing of further applications,claims or
actions opposing rent increase denials,decisions of the Rent Control Board, seeking hardship
and fair return rent increases and seeking capital improvement increases related to the Sewer
System.
(i) Park Owner shall deliver to City a check in the amount of $43,000 made
payable to the City("Park Owner's Payment") within ten (10)days following the Expiration of
the Appeal Period. The Park Owner's Payment is Park Owner's share of the Settlement Payment
from the City to the HOA. The Settlement Payment is subject to certain application restrictions
as described under the terms of the Park Owner-HOA Agreement.
(j) By not later than one(I) year after the Application Delivery Deadline,
Park Owner shall deliver written notice to Agency(i) that Park Owner has identified the
maximum number of Seller Financing Loans that Park Owner has made or plans to make to Park
residents who have elected to purchase their lots. (ii) that except for Park Owner's identified
maximum.number of Seller Financing Loans already made or that Park Owner plans to make
that no further Seller Financing Loans will he made to residents of the Park who have elected to
purchase their lots. and (iii) that provides the total dollar amount of the Maximum Aggregate
Seller Financing Amount with respect to Seller Financing Loans made or that Park Owner plans
to make(collectively, "Notice of Seller Financing Cap")
tl)�1V.i, niI('tt tnt(Nut,.1yicentcntn2ti3rnt it,thy 5
(k). Notwithstanding anything to the contrary herein, Park Owner shall have
no obligation to provide the Park resident benefits as described in this Section 3 as well as any of
the Park resident benefits as described in the Park Owner-HOA Agreement to any Park resident
who.has filed or threatened to tile any legal or administrative action, proceeding or claim against
Park Owner, except thr Park residents who have executed and delivered to Park Owner a
Resident's Waiver and Release of Claims(as defined in the Park Owner-HOA Agreement)by
the Resident Waiver and Release Deadline(as defined in the Park Owner-HOA Agreement)and
who have not before the close of their escrow filed or threatened to file any legal or
administrative action, proceeding or claim against Park Owner.
4. Agency Obligations. Upon satisfaction of the Conditions Precedent and
execution and delivery of this Agreement by the Park Owner, and so long as the Park Owner is
not in default of its obligations in this Agreement, Agency shall comply with the following:
(a) For Park residents who are extremely low, very low or low income
households (within the meaning of those terms under the Community Redevelopment Law)that
submit to the Agency by not later than the Application Delivery Deadline a fully completed and
executed loan application on a form prescribed by the Agency, Agency(or at its election Agency
acting through an agent)shall determine which residents shall be offered purchase-money
financing by Agency secured by the resident's mobilehome and lot(each an"Agency Financing
Loan"). Agency shall make Agency Financing Loans that do not exceed the lesser of(i)the
maximum aggregate principal amount of S5,000,000,or(ii)the total amount of Seller Financing
Loans on a dollar-for-dollar basis made by Park Owner(as applicable, "Maximum Aggregate
Agency Financing Amount"). Agency shall have no obligation to make an Agency Financing
Loan to a Park resident who does not satisfy the Affordable Housing Costs requirements(as
defined in Section 4(c)below). Agency Financing Loans shall not be made to moderate income
households, but only-to extremely low, very low and low income households(in the order of
priority as determined by Agency).
(b) If both an Agency Financing Loan and a Seller Financing Loan are
secured by the same resident mobilehome and lot, then the aggregate loan payments under both
loans shall not result in loan payments which exceed the Affordable Housing Cost(as defined in
Section 4(c) below) for forty-five(45)years after taking into account other costs of ownership.
If both an Agency Financing Loan and a Seller Financing Loan are secured by the same resident
mobilehome and lot, then Agency shall cooperate with Park Owner in determining the principal
amount, monthly payments and amortization under both loans in order that the loans do not
result in loan payments, after taking into account other costs of ownership, which exceed the
Affordable Housing Cost(as defined in Section 4(c) below).
(c) if, pursuant to the Notice of Seller Financing Cap,the total amount of the
Seller Financing Loans exceeds the total amount of the Agency Financing Loans already made
and there are no more qualified applicants to whom Agency Financing Loans can he made in
compliance with applicable law and in accordance with the definition of"affordable housing
cost"contained in Health and Safety Code Section 50052.5, as amended from time to time, after
taking other ownership costs into consideration ("Affordable Housing Cost"), then, within ten
(I 0)days of Agency's receipt of the Notice of Seller Financing C'ap, Agency shall deliver written
notice to Park Owner of such depletion of qualified applicants("Notice of Depletion of
im o final city park(hsncr46.VIncnt{1'n4ua;41601I1 ��
Qualified Applicants"). In such event, Agency shall use up to the Maximum Aggregate Agency
Financing Amount less the cumulative total of Agency Financing Loans made by the Agency
under this Agreement, but in no event more than the amount by which the total of the Seller
• Financing Loans exceeds the total of the Agency Financing Loans, to purchase resident lots from
the Park Owner occupied by extremely low, very low or low income households(in that order of
priority as determined by Agency) at the same non-discounted price offered to residents.
Agency's purchase of resident lots from Park Owner shall be all cash purchases"with thirty(30)
day escrows. Agency shall open escrow to purchase such resident lots within ten (10)days after
delivery of the Notice of Depletion of Qualified Applicants. Agency's purchase of a resident lot
shall be made subject to the terms of any existing resident lease or rental agreement regarding
such resident lot, and purchase of such resident lot shall otherwise be in accordance with the
Park Owner's form of purchase documents approved by the DRE.
(d) The Agency Financing Loans shall: (i) be made in accordance with
applicable law and used to achieve an Affordable Housing Cost after taking other ownership
costs into consideration; (ii) include a recorded 45 year affordability covenant, (iii) be made at an
interest rate of three percent(3%)per annum with interest to accrue and not be paid until
maturity, and (iv)be fully due and payable upon the earlier of(A) forty-five(45)years, (B) the
sale,transfer, lease or encumbrance of the resident's space without Agency's consent,(C) when
the resident ceases to occupy their space as their principal residence, or(D) when there is a
resident default which is not cured after notice and during the applicable cure periods.
(e) Anything to the contrary herein notwithstanding, given the Maximum
Aggregate Seller Financing Amount and the Maximum Aggregate Agency Financing Amount,
Agency shall cooperate with Park Owner so as to determine the priority of residents who will
receive Seller Financing Loans and Agency Financing LOans from the pool of residents who
satisfy the qualification and eligibility requirements described in Section 3 above and the
qualification and eligibility requirements described in this Section 4. •
(f) Each Agency Financing Loan shall be exclusive of MPROP financing,
Seller Financing Loans(as defined under Section 3(d)above)or other governmental funding
made available to Park residents for the purchase of their space at the Park. Any Agency deed of
trust recorded against emobilehome and lot securing an Agency Financing Loan shall be senior
and prior to any deed of trust recorded-against such mobilehome and lot securing a Seller
Financing Loan.
5. Releases of Liability.
(a) Upon execution and delivery of this Agreement by the Parties, and upon
fulfillment of the Conditions Precedent, except with respect to any claim ofa violation of this
Agreement, the.Park Owner-HOA Agreement or the City-HOA Agreement. the Parties release
and forever discharge each other and their predecessors, successors, heirs, assigns,agents.
affiliated and parent companies. and each of them, and each past or present. direct or indirect,
partner, parent,subsidiary, division or affiliated entity or corporation, and each past or present
employee, agent. representative, attorney, accountant, officer,director, stockholder, member,
manager, and all persons acting by. through, under or in concert with them, or any of them, from
any and all claims, demands, actions. causes of action, suits,debts. liens. contracts, liabilities,
Irit\t ai linai Cm Park(lanrr \kicrmcnu n'(?44)4 141r+01 l j 7
releases, costs, remedies(including hut not limited to punitive damages, treble damages,
statutory penalties and restitution), expenses or losses of any type, whether known or unknown,
fixed or contingent, from the beginning of time to the present,arising out of or related to the
Complaint, the Action and the Disputes.
(b) Consistent with the foregoing, the Parties expressly and voluntarily waive
and relinquish all rights and benefits under Section 1542 of the California Civil Code if in any
way applicable to this Agreement. Section 1542 of the California Civil Code provides as
follows:
GENERAL RELEASE CLAIMS EXTINGUISHED: A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
• WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
RELEASE, WHICH IF KNOWN TO HIM MUST HAVE
MATERIALLY AFFECTED HIS SETTLEMENT WITH THE
DEBTOR.
The Parties acknowledge in that connection that they may have sustained damages, losses,costs
or expenses that are presently unknown and unsuspected, and that such damages, losses, costs or
expenses as may have been sustained may give rise to additional damages, losses, cost or
expense in the future. Nevertheless, the Parties acknowledge that this Agreement has been
negotiated and agreed upon in light of this situation and expressly waive any and all rights which
they may have under Section 1542 of the California Civil Code, or any other state or federal
statute or common law principle of similar effect, to the extent applicable, if at all.
(c) Each Party acknowledges that it has received the advice of legal counsel
with respect to the aforementioned waiver and understands the terms thereof.
•
6. Binding Agreement, This Agreement shall be binding upon and inure to the
benefit of the Parties hereto, their legal representatives, successors and permitted assigns,
including, without limitation, to a new owner of the Park or any part thereof.
7. Enforcement Of Agreement. The Parties agree that, notwithstanding dismissal
of the Action, the Court will retain jurisdiction to enforce this Agreement pursuant to California
Code of Civil Procedure section 664.6, including the right to recover attorneys' fees incurred by
way of seeking enforcement of the Afreement.
8. Reference Procedure. The Parties hereby agree to resolve all disputes with
respect to any of the terms or conditions of this Agreement pursuant to the provisions of
California Code of Civil Procedure §§638 through 645.1, subject to the following procedures:
(a) The Parties shall agree upon a single referee who shall then try all issues,
whether of fact or law, and report a finding and judgment thereon. If the Parties are unable to
agree upon a referee within ten (In)days after a written request to do so by any Party, then any
Party may thereafter seek to have a referee appointed pursuant to California Code of Civil
Procedure §*638 and 640:
1DM 1 ai Iinal Cel4 Pad Agre'intrnt 02 40',331f,II;II
(h) The Parties agree that the referee shall have the power to decide all issues
of fact and law and report his/her decision thereon, and to issue all legal and equitable relief
appropriate under the circumstances of the controversy before himlher;provided, however, that
to the extent the referee is unable to issue and/or entbrce any such legal and equitable relief,
either Party may petition the court to issue and/or enforce such relief on the basis of the referee's
decision;
(c) Discovery shall be afforded to the Parties in accordance with Code of
Civil Procedure §§ 2016.010 et. seq.;
(d) The California Evidence Code rules of evidence, the California Code of
Civil Procedure and the California Rules of Court shall apply to the conduct of the hearing,
examination of witnesses and presentation of evidence at the trial;
(e) Any Party desiring a stenographic record of the trial may secure a court
reporter to attend the trial; provided, the requesting Party notifies the other Parties of the request
and pays for the costs incurred for the court reporter;
(1) The referee shall issue a written statement of decision which shall be
reported to the court in accordance with California Code of Civil Procedure §643 and mailed
promptly to the Parties;
(g) Judgment may be entered on the decision of the referee in accordance with
California Code of Civil Procedure §644, and the decision may be excepted to, challenged and
appealed according to law;
(h) The Parties shalt promptly and diligently cooperate with one another and
the referee, and shall perform such acts as may be necessary to obtain a prompt and expeditious
resolution of the dispute or controversy in accordance with the terms hereof; and
(i) The cost of such proceeding, including but not limited to the referee's
fees,shall initially be borne equally by the Parties to the dispute or controversy. However, the
prevailing Party in such proceeding shall he entitled, in addition to all other costs, to recover its
contribution for the cost of the reference and its reasonable attorneys' fees as items of
recoverable costs.
9. Remedies. En the event of a default under this Agreement, all or any one or,more
of the rights, powers, privileges and other remedies available to a Party under this Agreement or
at law or in equity(including, but not limited to, injunctive relief) may be exercised at any time
and from title to time as permitted by applicable law.
10. Headings. Section headings or captions contained in this Agreement are used fbr
reference only and shall not he deemed to govern, limit, or extend the terms of this Agreement.
11. Entire Agreement. All prior and contemporaneous conversations, negotiations,
possible and alleged agreements. representations, covenants and warranties by and between the
Parties concerning the subject matter hereof other than those referred to herein arc merged
Ib5151a,lin.i(i:: Part(luilaAgramunt,Cndtv+talr,nlI 1 9
herein. This is an integrated agreement. This Agreement shall not he altered. amended,
modified, or otherwise changed except by a writing duly signed by all the Parties hereto.
12. Independent Advice of Counsel. -The Parties represent and declare that in
executing this Agreement they relied solely upon their own judgment, belief and knowledge, and
the advice and recommendations of their own independently selected counsel, concerning the
nature, extent and duration of their rights and claims, and that they have not been influenced to
any extent whatsoever in executing the same by any representations or statements by one Party
to the other not expressly contained or referred to in this Agreement.
13. Severability. If any provision of this Agreement or the application thereof to any
Party or circumstance is held to be invalid or unenforceable, if such provision is not material to
the basic intent of this Agreement, the remaining provisions of this Agreement and the
application of such provisions to other Party or circumstances, shall not be affected thereby, the
provisions of this Agreement being severable in any such instance.
14. Fees and Costs Incurred. The Parties shall bear their own attorneys' fees and
costs incurred with respect to this Agreement.
15. Further Necessary Action. The Parties, without further consideration,agree to
execute and deliver such other documents and take such other action as may be necessary to
carry out the intent of this Agreement.
)fi. Drafter. No provision, principle, or other concept of law or equity wherein the
terms and conditions of an agreement are interpreted against the Party who drafted the agreement
shall have any application to this Ageement.
17. Warranty Of Authorization. The Parties warrant and represent that they are
competent and authorized to enter in this Agreement. Each Party represents and warrants that it
has taken all necessary action-for the execution and delivery of this Agreement, including, as to
the City and Agency's execution and delivery of this Agreement,all City and Agency
authorizations required from the City Council and Agency Board, respectively approving the
terms of this Agreement.
18. No Assignment. The Parties warrant and represent that they have not assigned,
transferred or disposed of any right, title or interest in the Action or the Disputes.
19. Counterparts. This Agreement may be executed in one or more counterparts,
and each set of duly delivered identical counterparts which includes all signatories shall be
deemed to he one original document.
20. Governing Law. This Agreement shall be governed by. interpreted and
construed in accordance with the laws of the State of California.
21. Other Settlement and Release Agreements; Third Party'Beneficiaries. This
Agreement is being entered into simultaneously with that certain Settlement and Release
Agreement dated as of even date herewith by and among the Park Owner,the HOA and the HOA
Directors. a copy of which is attached hereto as Exhibit D("Park Owner-HOA Agreement")
imikt.vffi.1l(-H PoikOknerAgrr1.1110I 2n41,g141r,U1 10
and that certain Settlement and Release Agreement dated as of even date herewith by and among
the City and the HOA and the HOA Directors, a copy which is attached hereto as Exhibit E
("City-i1OA Agreement"). Notwithstanding anything to the contrary herein, this Agreement
shall he of no force or effect until. and is contingent upon, the execution and delivery of the Park
Owner-HOA Agreement and the City-HOA Agreement by the parties thereto. The Parties
acknowledge and agree that the Park Owner-HOA'Agreement and the City-HOA Agreement
shall he of no force or effect until the Parties execute and deliver this Agreement. The f-IOA and
HOA Directors shall be a third-party beneficiary of the provisions of this Agreement benefiting
HOA and the HOA Directors, the City and Agency shall be third-party beneficiaries of the
provisions of the Park Owner-HOA Agreement benefiting the City and Agency, and the Park
Owner shall be a third-party beneficiary of the provisions of the City-HOA Agreement
benefiting the Park Owner. Except as described in this Section 21, this Agreement is made and
entered into for the sole benefit of the Parties, and no other person or entity shall have any rights
or remedies under this Agreement. There are no third party beneficiaries to this Agreement
except as described under this Section 21.
22. No Admission of Liability. This Agreement represents the settlement and
compromise of disputed claims,and nothing contained in this Agreement shall be construed as
an admission of liability or of any fact regarding the Action.
•
jl)\tit ai final( Pad(khner Agice lef11s_114114 14I1 1)(I I I I
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the
date first above written.
CITY OF PALM DESERT.
a municipal corporation
By: 'Q a
Robert A. Spiegel, M' or7
PALM DESERT REDEVELOPMENT AGENCY,
a public body, corporate and politic
BY: dAly
Robert A. Spiegel, C irm
IS PALM DESERT, LP,
a California limited partnership
By; Goldstein Properties, Inc.,
a California corporation
Its General Partner
By:
James Goldstein, President
PJIt(tv.fner Agreemlent._2040, 141(tf31 ,I l
•
02-26-09 06:04pm From- T-815 P 005/010 F-830
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the
date first above written.
CITY OF PALM DESERT,
a n3nnicipal corporation
By:
Robert A. Spiegel,Mayor
PALM DESERT REDEVELOPMENT AGENCY,
a public body, corporate and politic
By:
Robert A. Spiegel,Chairman
IS PALM DESERT,LP,
a California limited partnership
By; Goldstein Properties, Inc.,
a California corporation
Its Gene Partner
By: /a/-1.(;det-34%!--2-;471--
James Goldstein,President
[L�".1:az`t69'_76_3.DOC/024409/34I6.?t i) 12
EXHIBIT A
ISee Attached February 2009 Park Owner Invoice)
prom.1ilin.f!(.dti Park/laiso i2UU-11;9t11110ii If BIT A
•
IS Palm Desert, LP
c/o James & Associates
255 N. El Cielo, Ste. 140-28
Palm Springs, CA 92262
February I, 2009
INVOICE
To: City of Palm Desert("City")
Redevelopment Agency
73-510 Fred Waring Drive
Palm Desert,CA 92260-0611
Attn: V. Tapia, Accountant
Re: February 2009 Invoice for Sewer Rent Increase Monthly Payment
Pursuant to Park Owner—City Settlement Agreement dated February 27, 2009
As of the date hereof, there are 190 unsold resident lots in the mobilehome park, located
at 49-305 State Highway 74, Palm Desert, California, for which a tenant is paying rent.
The City monthly payment for February 2009 is $11,639.40($61.26 x 190) ("Monthly
City Payment").
If the City fails to pay the Monthly City Payment within 30 days following receipt of this
invoice, then a late payment charge equal to the lesser of 5%of the unpaid amount or the
maximum amount permitted by applicable law shall be added to the Monthly City Payment for
the following month and for each month thereafter until payment is received. The parties have
acknowledged that such late payment charge is a reasonable amount in order to defray the
expense incurred by the park owner in handling and processing such delinquent payment(s) and
to compensate park owner for the loss of use of such delinquent payment(s).
All payments are to be made payable to IS Palm Desert, LP and delivered to the address
first set forth above.
[DMM:az,170205_I DOC:0222509 3416.01 11
EXHIBIT B
!See Attached HCD Activity Report Dated November 14, 2008j
P.uk(caner\zee arnt 020409 3416 fi I;EN I IIB}1 B
' , _ a, STATE OF CALtPORNIA-BUSINESS,TRANSPORTATION AND HOUSING AGENCY DEPAIITfYefT um ONLY
i DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FILE IDENTIFICATION
• ' DIVISION OF CODES AND STANDARDS CPT/ASSIGNMENT/
�'? '►+ 33-0405
'^ ACTIVITY REPORT FAC.as.
LABOR OATH:
Date 11/14/08 Report by Jackie Feagle AREA oFFICES DR D 73 RATE
(] yae PCAJACT CODE_ MP-UGI AREA S
Applicant NADER QOBORSI eat t Folsom clad. co 33 1 oc TR mug 50
Address 17621 IRVINE BLVD STE 210,TUSTIN P 1407
CA
TIME:aveP/ACT 10•0 TR. 2 5
Sacramento,INDIAN SPRINGS 96411 2-1 407 INSPECTION DATA:
Aetmly us of other then above) Tit.1a161 255.2501
• , D 71ME REPORT ONLY
49305 HWY 74 PALM DESERT ta �... ' XINITIAL INSPECTION a!E/ISPEC1ION
Owner pl serer than Monk SAME 3737 Main Start /HOMEJUNI T 0 FLOORS
Suks 400
VIOLATION DATA:
Address RIvSTddr,CA 92501 fl
TOTAL MP TENANT_
TM.MOM)782.4420
�... �,,.4 S„�F c u P eIO___NP
• - - rtlftl''tiSEUtltt'},utt r: (cabana(r/)as apprapriaie)"�'—
® INSPECTION RECORD ONLY NH ALTERATION TYPE:
❑ INFORMATION ONLY AC 0 ACC c ROOF a FP o 0 c
❑ NOTICE OF VIOLATION AND RELATED INFORMATION: This report proukks notice THIRD PARTY MO14111DR1NG:
of violations of the California Health and Safety Code,Division 13 or the California Code of Regulations, (IAA O HO.a a'0 DLO IS a
Tele 25,Division 1.Chapter .Sections Indicated. Copies of the regulations may be obtained from DAA /PLANS /COMPLY
Barclays Law Publishers,P.O.Bet 3066,South San Francisco,CA 94083-3088. MP INSPECTION DATA:
Violations Indicated shall be corrected and a whiten request for further Inspection led Will
ction sip Area be
Office aLG/FIX--MH LOT RV LOT AS—
indicated abese on or beforet EH INSPECTION DATA
accompanied bya minimum fee off• a INACTIVEa ACTIVE
A permit shall be obtained fawn to Area Office identified above for work t0 Correct Item(*)S MAX CAP P CAP OCC
If you Wave this report has been issued in error or is factually Incorrect,Mass contact the Ares SF D ---•--MI/RV O
Supervisor at the Area Office Indicated above. FEE ACCOUNTING:
IN$PtG I to UNI I (Utnl I II•R+A I ION: COLT 5185296
Type et Unit Ike Sat Owen Shwa Rr Dona Ho, w® b.M ATTAoeo
rarrsTroM
hhnuheb W Yssrand Modil
MONA
HUD LABEL or H00 Insignia Na OMNI
SOW No.or V.I.N. arrareirn RFC 111
INSPECTION RESULTS OR INFORMATION
Conducted an under construction inspection at above listed site for the installation of a new park sewer system, and
to determine compliance with Title 25, California Code of Regulations, and approved plans.
Inspection from 10-29-08 through today covered construction at noted locations.
Inspections revealed; trenching and installation of PVC SDR 35 sewer laterals to curb and PVC SCH 40 to and
under mobilehomes to mobilehome sewer drain outlet and clubhouse is complete.
All sewer installation is now completed.
Septic tanks are to be pumped to removed sewer, and tanks to be back filled as noted on approved plans.
RECEIVED BY TITLE
DEPARTMENTAL USE ONLY: Alton: ❑ Close File 0 Rehlspection Required ® Progress Inspection Required
❑ Enforcement Action Needed 0 Other �r-�i'
SEND COPIES TO: 0 Recipient 0 Owner 0 SAA OL 0 Other
SUPERVISOR REVIEW DATE- COPIES SENT BY DATE
PAGE 1 of 1
HCO-01(R�rAene'e)
EXHIBIT C
(See Attached Water District Completion and Approval Letter Dated February 23, 20091
117\i\i:v final( r l'art (kurrr &p eon.tl 1141N;410 l i;1a111131 t C'
'0°vl AT E ~R ESTABLISHED IN 1918 AS A PUBLIC AGENCY
ATP
1)lSrR►C� COACHELLA VALLEY WATER DISTRICT
POST OFFICE BOX 1058•COACHELLA,CALIFORNIA 92236•TELEPHONE(760)398-2651 •FAX{760)398.3711
DIRECTDRS. OFFICERS:
PETER NELSON.PRESIDENT STEVEN B.ROBBINS,
PATGENERAL MANAGER-CHIEF ENGINEER
TELL
IS C A.LARSON,VICE PRESIDENT MARK BEUHLER.
JOHN McFAOIS ASST GENERAL MANAGER
RUSSELL EMKI JULIA FERNANOEZ:SECRETARY
KITAHARA February 23,2009 DAN PARKS.ASST TO GENERAL MANAGER
REDWINE AND SHERRILL ATTORNEYS
File: 0721.1
James&Associates
255 North El Cielo, Suite 140#28
Palm Springs,CA 92262
Ladies and Gentlemen:
Subject: Indian Springs Mobile Home Park,Palm Desert
Parcel Map 31862,Inspection No. 7700
We are pleased to report and acknowledge your project to have achieved 100%completion.
At 100%the Coachella Valley Water District recognizes your project to be acceptable and
Dapproved for final as of January 21,2009.
Should you have any questions please contact me at(760)398-2651,extension 3539.
Yours very truly,
Yr ,/....
itee(16460 1,......-.(...... j"."-
Roland Bustamante
Chief Inspector
cc: Foresight Engineering
Civil Engineering and Land Surveying
17621 Irvine Blvd.,Suite 210
Tustin,CA 92780
R V O:pApz879\7700pprv)00
TRUE CONSERVATION
USE WATER WISELY
EXHIBIT D
(See Attached Park Owner— I1OA ;agreement(
[LAN ai lint!('m Park Ou i}rr Aprottclll 0211410 141 h u(i j}: }}}}3}} U
SETTLEMENT AND RELEASE AGREEMENT
THIS SETTLEMENT AND RELEASE AGREEMENT(hereinafter,"Agreement") is made and
entered into as of February 27,2009 by and between THE INDIAN SPRINGS MOBILE HOME
PARK HOMEOWNERS' ASSOCIATION,a California nonprofit mutual benefit corporation
("HOA"),A MAJORITY OF THE CURRENT BOARD MEMBERS OF THE HOA
(collectively,"HOA Directors")and IS PALM DESERT, LP,a California limited partnership
(successor-in-interest to INDIAN SPRINGS, LTD.)("Park Owner"). HOA, 110A Directors
and Park Owner are sometimes collectively referred to herein as the"Parties"and singularly as
a"Party,
RECITALS
A. Park Owner is the owner of that certain mobile home park("Park") located at 49-
305 State Highway 74, Palm Desert,California.
B. The HOA, HOA Directors and residents of the Park have made claims that the
Park's rental charges are in violation of the rent control ordinances of the City of Palm Desert
("City"), including, without limitation,claims that the Park Owner has overcharged residents for
rent(collectively,"HOA Claims"). The 1IOA has filed applications pertaining to the HOA
Claims("HOA Applications")with the City's rent control board("Rent Control Board").
C. Park Owner has made claims concerning Park Owner's rights to hardship,fair
return and capital improvement rent increases at the Park(collectively,"Park Owner Claims").
Park Owner has filed applications pertaining to the Park Owner Claims("Park Owner
Applications")with the Rent Control Board. The HOA Claims and Park Owner Claims are
collectively referred to herein as the"Claims". Each of the HOA Applications and the Park
Owner Applications(collectively referred to herein as the"Applications")are listed in that
certain Stipulated Agreement and Order of the Rent Review Commission dated February—,
2009("Stipulated Agreement and Order"),a true and correct copy of which is attached hereto
as Exhibit A.
D. Except for any rights,remedies,claims,causes of action,disputes or contentions
of certain Park residents pertaining to the issue of rent overcharge and roll back of rents with
respect to units described under Section IV(AX4)of the Stipulated Agreement and Order
(collectively,"Section IV(AX4)Claims"),the Claims and Applications together with any and
all rights, remedies,causes of action,disputes,contentions,other claims and denials of the
Parties against the other related to,arising from, in connection with,or involving the Claims and
Applications are collectively referred to herein as the"Disputes".
E. This Agreement is entered into for the benefit of the Parties. The Parties agree
that the intent and purpose of this Agreement is to facilitate conversion of the Park. Except as
provided herein, no third party shall have the right to make any claim or assert any right under
this Agreement, and except as provided herein no third party shall be deemed a beneficiary of
this Agreement.
�1)Mtt ari t 67I2K 6112300104117 01 I I l
F. The Parties are now desirous of settling the Disputes and any and all claims
associated therewith by entering into this Agreement,without admitting liability to one another.
Therefore, the Parties hereby agree as follows:
TERMS AND CONDITIONS
1. Conditions Precedent. The effectiveness of this Agreement is conditioned upon
(i)the concurrent execution and delivery of the Park Owner-City Agreement and the City-HOA
Agreement(each as defined under Section 19 hereof),and(ii)the adoption and issuance by the
Rent Control Board of the Stipulated Agreement and Order(collectively."Conditions
Precedent").
2. Obligations of the Park Owner. Upon fulfillment of the Conditions Precedent,
execution and delivery of this Agreement by the HOA and HOA Directors,and so long as the
HOA and HOA Directors are not in default of the HOA and HOA Directors' obligations
hereunder, Park Owner shall comply with the following terms and conditions:
(a) From and after the date of this Agreement, Park Owner shall(A)not file
any Waived Applications(as defined below)with the Rent Control Board,or file any claims or
actions in any court of law or in any other legal or administrative tribunal or forum opposing rent
increase denials or decisions of the Rent Control Board pertaining to Park Owner Applications
(collectively,"Waived Applications and Claims Requirements"),and(B)comply with the
Stipulated Agreement and Order pertaining to withdrawal of certain Park Owner Applications
(collectively, "Application Withdrawal Requirements"). "Waived Applications"shall mean
(i)all CPI rent increase notices or applications filed by Park Owner with the Rent Control Board
prior to November 1,2009,(ii)all sewer-related capital improvement components of rent
increase applications filed by Park Owner with the Rent Control Board,and(iii)any hardship
and fair return rent increase applications filed with the Rent Control Board prior to September
30,2010("Conversion Deadline"). Notwithstanding the foregoing, Park Owner shall continue
to have the right to seek CPI rent increases pursuant to applicable rent control ordinances of the
City(so long as the annual CPI rent increase effective date is set for November 1 or later of each
year),including seeking a CPI rent increase effective as of November 1,2009 or later and a CPI
increase effective as of November 1,2010 or later and annually thereafter if the close of escrow
for the sale of the first unit of the Park(hereinafter described as the"Conversion")has not
occurred by such rent increase effective date. The CPI rent increase effective as of November 1,
2009 shall be computed based on the base rent for August I,2008 and use of the CPI-W of
March 2008,and Park Owner shall remain bound by same including if the Conversion does not
occur by the Conversion Deadline. Notwithstanding anything to the contrary herein, Park Owner
shall continue to have all rights to file and/or pursue applications and claims and to take such
legal and administrative actions as Park Owner deems appropriate in its sole discretion in
connection with the Section IV(AX4)Claims, and Park Owner shall not be deemed to have
waived or forfeited any such rights pertaining to the Section IV(AX4)Claims (except as
provided under Section IV(AX4)of the Stipulated Agreement and Order).
(h) For Park residents that arc"persons or families of moderate income"(as
defined in Section 50093 of the California health and Safety Code)("Moderate Income
Persons")who choose to continue to rent their space and to not purchase their lot within the 90-
11)MM:ai/t67128 6/I2300E/4416Ot1) 2
day right of first refusal period provided under California Government Code Section 66459, Park
Owner agrees that their base rent shall be increased in equal annual increases over a five(5)year
period to market rent, instead of the four(4)year period provided under state law, provided such
Park residents have delivered to Park Owner by not later than ninety(90)days following the date
that this Agreement has been executed and delivered by the Parties and the City-HOA
Agreement and the Park Owner-City Agreement has been executed and delivered by the parties
thereto("Resident Waiver and Release Deadline")an executed waiver and release, which is
substantially identical in form and content to the waiver and release attached hereto as Exhibit B,
and which includes a waiver and release of any and all claims of such resident against Park
Owner pertaining to such resident's rental or lease agreement including any Section IV(A)(4)
Claims and any claims that such resident has been overcharged for rent in violation of applicable
law,and which also includes a California Civil Code Section 1542 waiver and release regarding
any and all such claims(collectively,"Resident's Waiver and Release of Claims"). The Park
resident benefits described in this subsection shall also extend to Park residents who have made
Section IV(A)(4)Claims and who are Moderate Income Persons,so long as such Park residents
execute and deliver to Park Owner a Resident's Waiver and Release of Claims that includes
without limitation a dismissal and release of all Section IV(AX4)Claims by not later than the
Resident Waiver and Release Deadline. Notwithstanding anything to the contrary herein, Park
Owner agrees that any Resident's Waiver and Release of Claims delivered to Park Owner by the
Resident Waiver and Release Deadline shall be of no force and effect if the Conversion does not
occur by the Conversion Deadline; provided,however, if the Conversion occurs after the
Conversion Deadline,Park Owner shall have the right to condition each Park resident's
eligibility for benefits as described in under this Section 2(b)and(e)and under the Park Owner-
City Agreement with execution and delivery of a Resident's Waiver and Release of Claims .
•
(c) Park Owner shall deliver to the City a check in the amount of$43,000
made payable to the City within ten(10)days following the date that the adoption and issuance
of the Stipulated Agreement and Order by the Rent Control Board,and the date that the City
Council approves the Park Owner-City Agreement,whichever is later,are no longer subject to
appeal. Pursuant to the terms of a City-HOA Agreement(as defined under Section 19 hereof),
the City has agreed to match such payment and then to pay to the HOA the total sum of$86,000
(collectively, the"Settlement Payment")within ten(10)days of the City's receipt of
aforementioned sums from Park Owner. The Settlement Payment is subject to certain
application restrictions as described under Section 3(a)hereof.
(d) For Park residents under rental agreements who choose to continue to rent
their space, Park Owner agrees that such residents shall have the right to sublet their space and
lease their mobilehome as one unit,provided such sublease and lease is for a term of not less
than six (6)months' duration.
(e) In addition to the benefits to be provided to Park residents by Park Owner
as described herein, Park Owner shall provide the seller financing and sales discount benefits as
described under Section 3 of the Park Owner-City Agreement(as defined under Section 19
hereof).
(f) Notwithstanding anything to the contrary herein, Park Owner shall have
no obligation to provide the Park resident benefits as described in Section 2(b)and(e) hereof as
f!)MM adi67128.6/12 tnntvu 16 01 I J 3
•
well as any of the Park resident benefits as described in the Park Owner-City Agreement(as
defined under Section 19 hereof)to any Park resident who has filed or threatened to file any
legal or administrative action, proceeding or claim against Park Owner,except for Park residents
who have executed and delivered to Park Owner a Resident's Waiver and Release of Claims by
the Resident Waiver and Release Deadline(provided,however,execution and delivery by the
Resident Waiver and Release Deadline shall not apply in the event the Conversion does not
occur by the Conversion Deadline as described in the last sentence under Section 2(b))and who
have not before the close of their escrow filed or threatened to file any legal or administrative
action, proceeding or claim against Park Owner.
3. Obligations of the HOA and HOA Directors. Upon fulfillment of the
Conditions Precedent,execution and delivery of this Agreement by Park Owner,and so long as
Park Owner is not in default of Park Owner's obligations hereunder,the HOA and HOA
Directors shall comply with the following terms and conditions:
(a) All funds from the Settlement Payment(as defined in Section 2(d)above)
shall be deposited into a separate bank account for the HOA(not being commingled with any
other HOA funds)("Settlement Funds Account")and shall be used by the HOA and the HOA
Directors for the benefit of the Park and the HOA; provided,however,the HOA and the HOA
Directors shall not apply funds from the Settlement Payment,or any part thereof,to pay for, fund
or reimburse,directly or indirectly,the HOA's or the HOA Directors' past,present or future
attorneys' fees or costs pertaining to the Disputes,nor to reimburse any third party who may
have paid for or funded,or have agreed to pay for or fund,any attorneys' fees or costs pertaining
to the Disputes. Park Owner shall have the right to request an accounting of the Settlement
Funds Account,not more frequently than once annually,upon Park Owner's written request
delivered via federal express, professional courier or certified maiVreturn receipt requested to the
then president of the HOA or to the HOA's mailing address. In the event of such request,the
HOA and the HOA Directors shall,within thirty(30)days of receipt of such request by the then
president of the HOA or delivery of such request to the HOA's mailing address,deliver to Park
Owner financials,receipts and appropriate documentation evidencing application of the
Settlement Payment funds deposited into the Settlement Funds Account If a dispute shall arise
between Park Owner and the HOA regarding the HOA's compliance with the aforementioned
restrictions regarding application of the Settlement Payment funds,or regarding the HOA's
failure to deliver financials,receipts and appropriate documentation evidencing application of the
Settlement Payment, then Park Owner shall have the right to have such dispute resolved by the
reference procedure as described under Section 6 below.
(b) The l 1OA and the HOA Directors shall not interfere with, nor take any
actions to delay,the conversion of the Park,including, but not limited to, from and after the date
hereof, filing any applications with the Rent Control Board which may interfere with or delay the
conversion of the Park. The Parties acknowledge and agree that the Section IV(A)(4)Claims
shall not be deemed to be a violation of the requirements of this subsection.
(1)M4 uI167128_N123ii08/3416 011E 4
4. Release of Liability.
(a) Upon execution and delivery of this Agreement by the Parties,and upon
fulfillment of the Conditions Precedent,except with respect to any claim of a violation of this
Agreement, the City-HOA Agreement or the Park Owner-City Agreement, the Parties release
and forever discharge each other and their predecessors,successors,heirs, assigns,agents,
affiliated and parent companies, and each of them,and each past or present,direct or indirect,
partner, parent,subsidiary,division or affiliated entity or corporation,and each past or present
employee,agent,representative, attorney,accountant,officer,director,stockholder, member,
manager,and all persons acting by, through,under or in concert with them,or any of them, from
any and all claims,demands,actions,causes of action,suits,debts, liens,contracts, liabilities,
releases,costs,remedies(including but not limited to punitive damages, treble damages,
statutory penalties and restitution),expenses or losses of any type,whether known or unknown,
fixed or contingent, from the beginning of time to the present,arising out of or related to the
Claims and the Disputes.
(b) Consistent with the foregoing,the Parties expressly and voluntarily waive
and relinquish all rights and benefits under Section 1542 of the California Civil Code if in any
way applicable to this Agreement. Section 1542 of the California Civil Code provides as
follows:
GENERAL RELEASE CLAIMS EXTINGUISHED: A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
RELEASE, WHICH IF KNOWN TO HIM MUST HAVE
MATERIALLY AFFbCTED HIS SETTLEMENT WITH THE
DEBTOR.
The Parties acknowledge in that connection that they may have sustained damages, losses,costs
or expenses that are presently unknown and unsuspected,and that such damages, losses,costs or
expenses as may have been sustained may give rise to additional damages, losses,cost or
expense in the future. Nevertheless,the Parties acknowledge that this Agreement has been
negotiated and agreed upon in light of this situation and expressly waive any and all rights which
they may have under Section 1542 of the California Civil Code,or any other state or federal
statute or common law principle of similar effect,to the extent applicable, if at all.
(c) Each Party acknowledges that it has received the advice of legal counsel
with respect to the aforementioned waiver and understands the terms thereof.
5. Binding Agreement. This Agreement shall be binding upon and inure to the
benefit of the Parties hereto, their legal representatives, successors and permitted assigns,
including, without limitation, to a new owner of the Park or any part thereof. As used above,
legal representative" means, without limitation, any executor, trustee, receiver, attorney-in-fact
or agent of a Party.
11)MM.w/16+712R 6/123OOEl34I6 5
6. Reference Procedure. The Parties hereby agree to resolve all disputes with
respect to any of the terms or conditions of this Agreement pursuant to the provisions of
California Code of C ivil Procedure §§638 through 645.1,subject to the following procedures:
(a) The Parties shall agree upon a single referee who shall then try all issues,
whether of fact or law,and report a finding and judgment thereon. If the Parties are unable to
agree upon a referee within ten (10)days after a written request to do so by any Party, then any
Party may thereafter seek to have a referee appointed pursuant to California Code of Civil
Procedure §§638 and 640;
(b) The Parties agree that the referee shall have the power to decide all issues
of fact and law and report his/her decision thereon,and to issue all legal and equitable relief
appropriate under the circumstances of the controversy before him/her; provided,however,that
to the extent the referee is unable to issue and/or enforce any such legal and equitable relief,
either Party may petition the court to issue and/or enforce such relief on the basis of the referee's
decision;
(c) Discovery shall be afforded to the Parties in accordance with Code of
Civil Procedure §§ 2016.010 et. seq.;
(d) The California Evidence Code rules of evidence,the California Code of
Civil Procedure and the California Rules of Court shall apply to the conduct of the hearing,
examination of witnesses and presentation of evidence at the trial;
(e) Any Party desiring a stenographic record of the trial may secure a court
reporter to attend the trial;provided,the requesting Party notifies the other Parties of the request
and pays for the costs incurred for the court reporter,
(f) The referee shall issue a written statement of decision which shall be
reported to the court in accordance with California Code of Civil Procedure §643 and mailed
promptly to the Parties;
(g) Judgment may be entered on the decision of the referee in accordance with
California Code of Civil Procedure§644,and the decision may be excepted to,challenged and
appealed according to law;
(h) The Parties shall promptly and diligently cooperate with one another and
the referee,and shall perform such acts as may be necessary to obtain a prompt and expeditious
resolution of the dispute or controversy in accordance with the terms hereof;and
(i) The cost of such proceeding,including but not limited to the referee's
fees, shall initially be borne equally by the Parties to the dispute or controversy. However, the
prevailing Party in such proceeding shall be entitled, in addition to all other costs, to recover its
contribution for the cost of the reference and its reasonable attorneys' fees as items of
recoverable costs.
7. Remedies. In the event of a default under this Agreement,all or any one or more
of the rights, powers, privileges and other remedies available to a Party under this Agreement or
lf)MM ai/16712R N123OQR/341h.011 W 6
•
at law or in equity(including, but not limited to, injunctive relief)may be exercised at any time
and from title to time as permitted by applicable law.
8. Headiness. Section headings or captions contained in this Agreement are used for
reference only and shall not be deemed to govern, limit,or extend the terms of this Agreement.
9. Entire Agreement. All prior and contemporaneous conversations,negotiations,
possible and alleged agreements,representations,covenants and warranties by and between the
Parties concerning the subject matter hereof other than those referred to herein are merged
herein. This is an integrated agreement. This Agreement shall not be altered,amended,
modified,or otherwise changed except by a writing duly signed by all the Parties hereto.
10. Independent Advice of Counsel The Parties represent and declare that in
executing this Agreement they relied solely upon their own judgment, belief and knowledge, and
the advice and recommendations of their own independently selected counsel,concerning the
nature,extent and duration of their rights and claims,and that they have not been influenced to
any extent whatsoever in executing the same by any representations or statements by one Party
to the other not expressly contained or referred to in this Agreement.
11. SeverabiliIty. If any provision of this Agreement or the application thereof to any
Party or circumstance is held to be invalid or unenforceable, if such provision is not material to
the basic intent of this Agreement,the remaining provisions of this Agreement and the
application of such provisions to other Party or circumstances, shall not be affected thereby,the
provisions of this Agreement being severable in any such instance.
12. Fees and Costs Incurred. The Parties shall bear their own attorneys' fees and
costs incurred with respect to this Agreement.
13. Further Necessary Action. The Parties,without further consideration,agree to
execute and deliver such other documents and take such other action as may be necessary to
carry out the intent of this Agreement.
14. Drafter. No provision,principle,or other concept of law or equity wherein the
terms and conditions of an agreement are interpreted against the Party who drafted the agreement
shall have any application to this Agreement.
15. Warranty Of Authorization. The Parties warrant and represent that they are
competent and authorized to enter in this Agreement. Each Party represents and warrants that it
has taken all necessary action for the execution and delivery of this Agreement, including, with
respect to the FIOA's execution and delivery of this Agreement,all authorizations required from
the HOA members,officers and board.
16. No Assignment. The Parties warrant and represent that they have not assigned,
transferred or disposed of any right, title or interest in the Claims or the Disputes.
17. Counterparts. This Agreement may be executed in one or more counterparts,
and each set of duly delivered identical counterparts which includes all signatories shall be
deemed to be one original document.
jt)MM v/th712R_hi,21(MSR/14Ih.Uflj 7
18. Governing Law. This Agreement shall be governed by,interpreted and
construed in accordance with the laws of the State of California.
19. Other Settlement and Release Agreements:Third Party Beneficiaries. This
Agreement is being entered into simultaneously with that certain Settlement and Release
Agreement dated as of even date herewith by and among the City,the l 1OA and the HOA
Directors,a copy of which is attached hereto as Exhibit C("City-HOA Agreement")and that
certain Settlement and Release Agreement dated as of even date herewith by and among the Park
Owner,City and Agency,a copy which is attached hereto as Exhibit D("Park Owner-City
Agreement"). Notwithstanding anything to the contrary herein,this Agreement shall be of no
force or effect until,and is contingent upon,the execution and delivery of the City-HOA
Agreement and the Park Owner-City Agreement by the parties thereto. The Parties acknowledge
and agree that the City-HOA Agreement and the Park Owner-City Agreement shall be of no
force or effect until the Parties execute and deliver this Agreement. The City and Agency shall
be a third-party beneficiary of the provisions of this Agreement benefiting City and Agency,the
HOA and HOA Directors shall be third-party beneficiaries of the provisions of the Park Owner-
City Agreement benefiting the 11OA and HOA Directors,and the Park Owner shall be a third-
party beneficiary of the provisions of the City-HOA Agreement benefiting the Park Owner.
Except as described in this Section 19,this Agreement is made and entered into for the sole
benefit of the Parties,and no other person or entity shall have any rights or remedies under this
Agreement. There are no third party beneficiaries to this Agreement except as described under
this Section 19.
[signatures on the following page]
•
(I"1M.ad16712S W123( 14 1416 Bl t l 8
IN WITNESS WHEREOF.the Parties hereto have executed this Agreement as of the date first
above written.
HOA: _ t OWN �j 401,k1-1\s°1
acate—
THE INDIAN SPRINGS HOMEOWNERS'
ASSOCIATION,a California nonprofit mutual benefit
corporation
By: air, ALi n
Name:iar Te iLte vilz...
Title: n-es. .14 , T
By:
Name:
Title:
HOA Directors:
_.....364.,) Aor otorZr...0.../
Print Name: 0s/�', �oss'
, 0-,{, . „Sec.
e~u4Z.C1 y
Print Name: q,C,p Gitri,4
Print Name: �`om s
'OA
q.
Print N��a--mye: pro` (cp..or:____
.
Print Name: /a<-v/i 1 //// t c.&'
4
Print Name:rdtidir e weed .�so4i
` int 6;�tsr'
Print Nam • gc.ViKJ (�v-C�Set"
Print Name:
[signatures continued on following page]
(UMM i11h71nt f/12;0I14I14th 01 I 1 9
•
02-26-02 06:03pm Fran T-815 P_003/010 F-830
Park Owner:
IS PALM DESERT,LP,
a California limited partnership
By; Goldstein Properties,Inc.,
a California corporation
Its General Partner
By: -44
James Goldstein,President
p 4.1 12l167:28.6 D00123008J3416.01 I) j 0
EXHIBIT E
(See Attached City— HOA Agreement(
1)`1'11 a,fiva ( Pad(}..no 4•reemcnt'Cf14' i 4 601J I EX1 IIB11 1
•
SETTLEMENT AND RELEASE AGREEMENT
This Settlement and Release Agreement(hereinafter, "Agreement") is made and
entered into as of - '� _, 2009 by and between THE INDIAN SPRINGS
MOBILE HOME PARK HOMEOWNERS' ASSOCIATION, a California nonprofit
mutual benefit corporation("HOA"). A MAJORITY OF THE CURRENT DIRECTORS
OF THE HOA (collectively, "HOA Directors")and THE CITY OF PALM DESERT
("City"). HOA, HOA Directors and City are sometimes collectively referred to herein as
the"Parties" and singularly as a "Party".
RECITALS
A. Park Owner is the owner of that certain mobile home park("Park")
located at 49-305 State Highway 74, Palm Desert, California.
B. The HOA, HOA Directors on behalf of the Residents of the Park have
made claims that the Park's rental charges are in violation of the rent control ordinances
of the City of Palm Desert ("City"), including, without limitation, claims that the Park
Owner has overcharged residents for rent(collectively, "HOA Claims"). The HOA has
filed applications pertaining to the HOA Claims("HOA Applications") with the City's
rent control board("Rent Control Board").
C. Park Owner has made claims concerning Park Owner's rights to hardship,
fair return and capital improvement rent increases at the Park(collectively, "Park Owner
Claims"). Park Owner has filed applications pertaining to the Park Owner Claims
("Park Owner Applications")with the Rent Control Board. The HOA Claims and Park
Owner Claims are collectively referred to herein as the"Claims". Each of the HOA
Applications and the Park Owner Applications(collectively referred to herein as the
"Applications")are listed in that certain Stipulated Agreement and Order of the Rent
Review Commission dated , 2009("Stipulated Agreement and
Order"), a true and correct copy of which is attached hereto as Exhibit A.
D. Except for any rights, remedies, claims, causes of action,disputes or
contentions of certain Park residents pertaining to the issue of rent overcharge and roll
back of rents with respect to units described under Section IV(A)(4)of the Stipulated
Agreement and Order(collectively. "Section IV(A)(4) Claims"), the Claims and
Applications together with any and all rights. remedies. causes of action, disputes.
contentions.other claims and denials of the Parties against the other related to, arising
from. in connection with, or involving the Claims and Applications are collectively
referred to herein as the"Disputes".
E. City is the Respondent;Defendant in a lawsuit tiled by Park Owner
challenging certain actions of the City taken with respect to the Park. filed in Indian
Springs, Ltd., a California Limited Partnership v. City of Palm Desert,a Municipal
Corporation. et al.. Case No. INC 053903 ("the Lawsuit").
Pr,1nl-lil3; 1119:1)7,1_duc
F. This Agreement is entered into for the benefit of City, HOA and HOA
Directors. Except as provided herein, no third party shall have the right to make any
claim or assert any right under this Agreement, and except as provided herein no third
party shall be deemed a beneficiary of this Agreement.
G. The Parties are now desirous of settling the Disputes and any and all
•
claims associated therewith by entering into this Agreement, without admitting liability to
one another, and the City is desirous of settling the Lawsuit. Therefore, the Parties
hereby agree as follows:
TERMS AND CONDITIONS
l. Conditions Precedent. The effectiveness of this Agreement is
conditioned upon (i) the concurrent execution and delivery of the Park Owner-HOA
Agreement and the City-Owner Agreement (each as defined under Section 19 hereof),
and(ii) the adoption and issuance by the City's rent control board("Rent Control
Board") of the Stipulated Agreement and Order(as defined in the Park Owner-HOA
Agreement) (collectively, "Conditions Precedent").
2. Obligations of the City. Upon fulfillment of the Conditions Precedent,
and execution and delivery of this Agreement by the HOA and HOA Directors, and so
long as the HOA and HOA Directors are not in default of the HOA and HOA Directors'
obligations hereunder, City shall comply with the following terms and conditions:
(a) Upon receipt of the $43,000 payment from Park Owner to City as
specified in the Park City-Owner Agreement, City shall pay to HOA the sum of$86,000,
to be used solely and exclusively for the benefit of the Park and the Association, and shall
in no event be used to pay attorneys' fees, litigation expenses or other expenses incurred
in connection with HOA, HOA Directors or Park residents in litigation or administrative
proceedings against City or Park Owner. In any event, if payment is not made by the
Park Owner immediately upon the deadline for Park Owner to make payment to the City
pursuant to Section 3(i)of the Park Owner-HOA agreement as defined in Section 19
hereof, the City shall within 5 days of that deadline make payment for the City's portion
in the amount of S43,000 to the HOA Directors.
(b) City shall pay for an updated appraisal of the Park by an MAl
recognized appraisal for the FMV of each space/lot in the Park, including the Fair Market
Rent estimation on each space/lot in the Park and, the aggregate FMV of the common
areas (pool/greenbelts/clubhouse, etc.) of the property and, an estimate of the Fair Market
Rent of the spaces/lots.
(c) City's Redevelopment Agency shall provide purchase loan
assistance in a total sum of S5.000,000 to Park residents who are of Low, Very Low or
Extremely Low income as defined in Section 50093 of the Health and Safety Code, in
accordance with the terms set tbrth in Section 4(a)of the City-Owner Agreement as
defined in Section 19 hereof
limn I-1035 I 1 19Kt)75.1.doc -2-
4
(d) In the event City or City's Redevelopment Agency purchases any
lot from Park Owner in accordance with Section 4(e) of the City-Owner Agreement as
defined in Section 19 hereof, City or Agency shall continue to rent to the Park resident
who lawfully occupies such lot in accordance with the applicable law and the HOA/Park
Owner Agreement as defined in Section 19 hereof on the same terms as Park Owner
would be required to do so were Park Owner stilt the owner of such lot.
3. Obligations of the HOA and HOA Directors. Upon fulfillment of the
Conditions Precedent, execution and delivery of this Agreement by Park Owner, and so
long as Park Owner is not in default of Park Owner' obligations hereunder, the HOA and
HOA Directors shall comply with the following terms and conditions:
(a) All funds from the Settlement Payment(as defined in Section 2(d)
above) shall be used by the HOA and the HOA Directors for the benefit of the Park and
the HOA; provided, however, the HOA and the HOA Directors shall not apply funds
from the Settlement Payment,or any part thereof, to pay for, fund or reimburse, directly
or indirectly,the HOA's or the HOA Directors' past, present or future attorneys' fees or
costs pertaining to the Disputes, nor to reimburse any third party who may have paid for
or funded, or have agreed to pay for or fund, any attorneys' fees or costs pertaining to the
Disputes(collectively, "HOA Attorneys' Fees and Costs"). City shall have the right to
request an accounting of the Settlement Funds Account, not more frequently than once
annually, upon City's written request delivered via federal express, professional courier
or certified mail/return receipt requested to the then president of the HOA or to the
HOA's mailing address. In the event of such request, the HOA and the HOA Directors
shall, within thirty(30)days of receipt of such request by the then president of the HOA
or delivery of such request to the HOA's mailing address,deliver to the City financials,
receipts and appropriate documentation evidencing application of the Settlement Payment
funds deposited into the Settlement Funds Account. If a dispute shall arise between City
and the HOA regarding the HOA's compliance with the aforementioned restrictions
regarding application of the Settlement Payment funds,or regarding the HOA's failure to
deliver financials, receipts and appropriate documentation evidencing application of the
Settlement Payment, then City shall have the right to have such dispute resolved by the
reference procedure as described under Section 6 below.
(b) The HOA and the HOA Directors shall not interfere with, nor take
any actions to delay, the conversion of the Park. including,but not limited to from and
after the date hereof. tiling any applications with the Rent Control Board which may
interfere with or delay the conversion of the Park. The Parties acknowledge and agree
that the Section IV(A)(4) Claims shall not be deemed to he a violation of the
requirements of the subsection.
4. Release of Liability.
(a) Except for with respect to any rights. remedies. claims, causes of
action. disputes, or contentions of certain Park residents pertaining to the issue of rent
overcharge and roll back of rents with respect to units described under Section IV(A)(4)
of the Stipulated Agreement and Order upon execution and delivery of this Agreement by
P640i-lO3; 11(9K11'vl.doc -3-
•
the Parties, except with respect to any claim of a violation of this Agreement, the Parties
release and tbrever discharge each other and their predecessors, successors, heirs.
assigns. agents, affiliated and parent companies, and each of them. and each past or
present,direct or indirect, partner. parent, subsidiary, division or affiliated entity or
corporation, and each past or present employee, agent. representative,attorney,
accountant. officer, director, stockholder, member. manager, and all persons acting by.
through, under or in concert with them,or any of them, from any and all claims,
demands, actions, causes of action, suits, debts, liens, contracts, liabilities, releases, costs,
remedies (including but not limited to punitive damages, treble damages, statutory
penalties and restitution), expenses or losses of any type, whether known or unknown,
fixed or contingent, from the beginning of time to the present, arising out of or related to
the Claims and the Disputes.
(b) Consistent with the foregoing,the Parties expressly and voluntarily
waive and relinquish all rights and benefits under Section 1542 of the California Civil
Code if in any way applicable to this Agreement. Section 1 542 of the California Civil
Code provides as follows:
GENERAL RELEASE CLAIMS EXTINGUISHED: A
GENERAL RELEASE DOES NOT EXTEND TO
CLAIMS WHICH A CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE
TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN TO HIM MUST HAVE MATERIALLY
AFFECTED HIS OR HER SETTLEMENT WITH THE
DEBTOR.
The Parties acknowledge in that connection that they may have sustained damages,
losses, costs or expenses that are presently unknown and unsuspected, and that such
damages. losses, costs or expenses as may have been sustained may give rise to
additional damages, losses, cost or expense in the future. Nevertheless,the Parties
acknowledge that this Agreement has been negotiated and agreed upon in light of this
situation and expressly waive any and all rights which they may have under Section 1542
of the California Civil Code,or any other state or federal statute or common law principle
of similar effect, to the extent applicable, if at all.
(c) Each Party acknowledges that it has received the advice of legal
counsel with respect to the aforementioned waiver and understands the terms thereof.
5. Binding Agreement. This Agreement shall be binding upon and inure to
the benefit of the Parties hereto. their legal representatives, successors and permitted
assigns, including. without limitation. to a new owner of the Park or any part thereof. As
used above. "legal representative" means. without limitation. any executor. trustee,
receiver. attorney-in-fact or agent of a Party.
6. Reference Procedure. The Panics hereby agree to resolve all disputes
with respect to any of the terms or conditions of this Agreement pursuant to the
P64t11-1035 11141407\I.doc -4-
' Y
provisions of California Code of Civil Procedure §ti 638 through 645.1. subject to the
following procedures:
(a) The Parties shall agree upon a single referee who shall then try all
issues. whether of fact or law, and report a finding and judgment thereon. If the Parties
are unable to agree upon a referee within ten(10)days after a written request to do so by
any Party, then any Party may thereafter seek to have a referee appointed pursuant to
California Code of Civil Procedure§§ 638 and 640;
(b) The Parties agree that the referee shall have the power to decide all
issues of fact and law and report his/her decision thereon, and to issue all legal and
equitable relief appropriate under the circumstances of the controversy before him/her;
provided, however,that to the extent the referee is unable to issue and/or enforce any
such legal and equitable relief, either Party may petition the court to issue and/or enforce
such relief on the basis of the referee's decision;
(c) Discovery shall be afforded to the Parties in accordance with Code
of Civil Procedure §§ 2016.010 et. seq.;
(d) The California Evidence Code rules of evidence,the California
Code of Civil Procedure and the California Rules of Court shall apply to the conduct of
the hearing, examination of witnesses and presentation of evidence at the trial;
(e) Any Party desiring a stenographic record of the trial may secure a
court reporter to attend the trial; provided, the requesting Party notifies the other Parties
of the request and pays for the costs incurred for the court reporter;
(0 The referee shall issue a written statement of decision which shall
be reported to the court in accordance with California Code of Civil Procedure § 643 and
mailed promptly to the Parties;
(g) Judgment may be entered on the decision of the referee in
accordance with California Code of Civil Procedure§ 644, and the decision may be
excepted to, challenged and appealed according to law;
(h) The Parties shall promptly and diligently cooperate with one
another and the referee, and shall perform such acts as may be necessary to obtain a
prompt and expeditious resolution of the dispute or controversy in accordance with the
terms hereof; and
(i) The cost of such proceeding, including but not limited to the
referee's fees. shall initially he borne equally by the Parties to the dispute or controversy.
However, the prevailing Party in such proceeding shall be entitled. in addition to all other
costs. to recover its contribution for the cost of the reference and its reasonable attorneys'
fees as items of recoverable costs.
7. Remedies. In the event of a default under this Agreement. all or any one
or more of the rights. powers. privileges and other remedies available to a Party under
i}64oI-I03fi III9X(17).vl.doc -5-
•
this Agreement or at law or in equity(including. but not limited to, injunctive relief) may
be exercised at any time and from title to time as permitted by applicable law.
R. Headings. Section headings or captions contained in this Agreement are
used for reference only and shall not be deemed to govern, limit, or extend the terms of
this Agreement.
9. Entire Agreement. All prior and contemporaneous conversations,
negotiations, possible and alleged agreements, representations, covenants and warranties
by and between the Parties concerning the subject matter hereof other than those referred
to herein are merged herein. This is an integrated agreement. This Agreement shall not
be altered, amended, modified,or otherwise changed except by a writing duly signed by
all the Parties hereto.
10. Independent Advice of Counsel. The Parties represent and declare that
in executing this Agreement they relied solely upon their own judgment, belief and
knowledge, and the advice and recommendations of their own independently selected
counsel, concerning the nature, extent and duration of their rights and claims,and that
they have not been influenced to any extent whatsoever in executing the same by any
representations or statements by one Party to the other not expressly contained or referred
to in this Agreement.
11. Severability. If any provision of this Agreement or the application
thereof to any Party or circumstance is held to be invalid or unenforceable, if such
provision is not material to the basic intent of this Agreement, the remaining provisions
of this Agreement and the application of such provisions to other Party or circumstances,
shall not be affected thereby, the provisions of this Agreement being severable in any
such instance.
12. Fees and Costs Incurred. The Parties shall bear their own attorneys' fees
and costs incurred with respect to this Agreement.
13. Further Necessary Action. The Parties,without further consideration,
agree to execute and deliver such other documents and take such other action as may be
necessary to carry out the intent of this Agreement.
14. Drafter. No provision, principle, or other concept of law or equity
wherein the terms and conditions of an agreement are interpreted against the Party who
drafted the agreement shall have any application to this Agreement.
15. Warranty Of Authorization. The Parties warrant and represent that they
are competent and authorized to enter in this Agreement. Each Party represents and
warrants that it has taken all necessary action for the execution and delivery of this
Agreement, including, with respect to the HOA's execution and delivery of this
Agreement. all authorizations required from the HOA members. officers and board.
Pv 401-f 0;5 1119)807v I.doe ' -6-
16. No Assignment. The Parties warrant and represent that they have not
assigned, transferred or disposed of any right,title or interest in the Claims or the
Disputes.
17. Counterparts. This Agreement may be executed in one or more
counterparts,and each set of duly delivered identical counterparts which includes all
signatories shall be deemed to be one original document.
18. Governing Law. This Agreement shall be governed by, interpreted and
construed in accordance with the laws of the State of California.
19. Other Settlement and Release Agreements;Third Party Beneficiaries.
This Agreement is being entered into simultaneously with that certain Settlement and
Release Agreement dated as of even date herewith by and among the Park Owner, the
HOA and the HOA Directors, a copy of which is attached hereto as Exhibit C ("Park
Owner-HOA Agreement"); that certain Settlement and Release Agreement dated as of
even date herewith by and among the Park Owner and City, a copy of which is attached
hereto as Exhibit D("Park Owner-City Agreement")and that certain"Stipulated
Agreement and Order of the Rent Review Commission"("Stipulated Findings"), copies
of which are attached hereto as Exhibits"A"and"B,"respectively. Notwithstanding
anything to the contrary herein,this Agreement shall be of no force or effect until,and is
contingent upon, the execution and delivery of the Park Owner-HOA Agreement and the
Park Owner-City Agreement by the parties thereto. The Parties acknowledge and agree
that the Park Owner-HOA Agreement and the Park Owner-City Agreement shall be of no
force or effect until the Parties execute and deliver this Agreement. The Park Owner
shall be a third-party beneficiary of the provisions of this Agreement benefiting Park
Owner, the HOA and HOA Directors shall be third-party beneficiaries of the provisions
of the Park Owner-City Agreement benefiting the HOA and HOA Directors, and the City
and the Agency shall be a third-party beneficiaries of the provisions of the Park Owner-
HOA Agreement benefiting the City. Except as described in this Section 19, this
Agreement is made and entered into for the sole benefit of the Parties, and no other
person or entity shall have any rights or remedies under this Agreement. There are no
third party beneficiaries to this Agreement except as described under this Section 19.
[signatures on following page]
P6401-1U35 1119X07k I dot: -7-
• 3
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the
date first above written.
HOA: kasi L 1-1-0104.7Pray!e41-1 1.39
THE INDIAN SPRINGS HOMEOWNERS'
ASSOCIATION, a California nonprofit
mutual benefit corporation
BY:
Name: t, eTt .
Title: /e e �,T
By:
Name:
Title:
HOA Directors:
efrvi *-Z
Aedlootez LAEAEO.
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P640I-I035\II14807vI.doc -8-
IN WITNESS WHEREOF. the Parties hereto have executed this Agreement as of the
date first above written.
HOA:
THE INDIAN SPRINGS HOMEOWNERS'
ASSOCIATION, a California nonprofit
mutual benefit corporation
By:
Name:
Title:
By:
Name:
Title:
HOA Directors:
CITY OF PALM DESERT
a municipal corporation
By:
Robert A. Spiegel, a s�
ph-t(1-I U35 i I I.d„c -8-
RESOLUTION NO. OB - 016
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: AUTHORIZE THE EXECUTION OF THE RECIPROCAL ACCESS
AND WALL AGREEMENT (CONTRACT NO. C32150) BETWEEN
THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY, THE CITY OF PALM DESERT,
AND THE PALM DESERT COUNTRY CLUB VILLAS
SUBMITTED BY: Martin Alvarez, Director of Economic Development
APPLICANT: Palm Desert Country Club Villas
c/o J&W Management
P.O. Box 1398
Palm Desert, California 92261
DATE: October 1, 2012
CONTENTS: Letter Agreement
Site Plan
Contract No. C32150
Resolution No. OB-016
Recommendation
Waive further reading and adopt Resolution No. OB-016 approving the
Reciprocal Access and Wall Agreement, substantially as to form and
authorizing the Chairman to execute the finalized Agreement as approved
by Successor Agency Counsel.
Executive Summary
Execution of this Agreement creates a new agreement with the Palm Desert Country
Club Villas (PDCCV) and the Successor Agency to the Palm Desert Redevelopment
Agency (SARDA), confirming existing obligations, making concessions for additional
time to complete said obligations, and listing the City as the responsible entity to fulfill
said obligations in the event the SARDA cannot.
Background
In 2009, the Redevelopment Agency deconstructed the Country Village Apartments and
cleared the landscaping and overgrown tamarisk trees from the property. The removal
of the tamarisk trees undermined the already aging and deteriorated wall between the
Staff Report
Authorize Execution of Reciprocal Access and Wall Agreement with PDCCV
Page 2 of 4
October 1, 2012
Palm Desert Country Club Villas and the Agency-owned land. Therefore, the wall was
removed and temporary fencing was installed to mitigate health and safety concerns.
The Agency provided a letter to the PDCCV HOA indicating that the wall would be
rebuilt within a year or when we commenced with the construction of the project (see
attached Letter Agreement).
Since 2011, staff's ability to move this project forward has been limited by the
dissolution of the Redevelopment Agency. The adjacent PDCCV HOA has repeatedly
voiced their concern that the wall will not be built now that the Redevelopment Agency
has been dissolved and the delay in building the wall has affected their plan to repave
their complex. The estimated construction cost for this existing obligation to the PDCCV
is listed on the Recognized Obligation Payment Schedule (ROPS); however, the
timeline for approval of this work is unknown since this is subject to review and approval
by the Oversight Board and State Department of Finance. Therefore, staff cannot
commit to a definite timeline as to when the wall will be rebuilt.
The recent passage of AB 1484 by the State may allow bond proceeds from the
Housing Bonds to be utilized to build the Carlos Ortega Villas, if and when the State
Department of Finance provides the City with a Finding of Completion.
The PDCCV HOA has postponed repaving their driveway until the wall is built and is
concerned about the aesthetics and security of the development with the temporary
fencing. Moving forward with the design of the wall, separate from the Carlos Ortega
Villas project, would incur additional design and construction costs by taking this work
out of sequence and the costs associated with this may not be reimbursable from
Housing or Successor Agency funds, especially if the Carlos Ortega Villas are not built.
Therefore, staff proposes a new agreement with the PDCCV with new provisions
covering the following items:
• PDCCV grants Successor Agency additional time to build the wall in exchange
for crack seal and slurry coat of the shared access by December 2012
• Successor Agency or the City to build the perimeter wall within six (6) months of
a decision by any authorized body deemed appropriate or lawful to make such
decisions to not proceed with the construction of the Carlos Ortega Villas
• Removal and replacement of existing paving along shared access as part of the
Project, unless a decision is made not to proceed with the Project, in which case,
repaving work shall be completed six (6) months after such determination
• Outlines a proposed shared access and utility easement to be finalized and
recorded if the project is built which includes removal of existing planter island in
the shared access and relocation of PDCCV card reader to allow for circulation
through the COV complex
\\srv-fi12k3\groups\rda\Heather Buck\Carlos Ortega Villas\Stf Rpt\COV PDCCV WALL AGREEMENT\to Oversight Board\SR-COV PDCCV WALL AGREEMENT to OB.doc
Staff Report
Authorize Execution of Reciprocal Access and Wall Agreement with PDCCV
Page 3 of 4
October 1, 2012
• All work is proposed to be completed no later than June 1, 2015, which is
approximately 5 years after the original agreed upon date to complete the wall.
The Agreement includes a $100/day penalty if the work is not complete by the
dates established in the Agreement.
• Housing Authority to maintain shared access easement
The attached site plan indicates the location of the perimeter wall to be constructed and
the area to receive the crack seal and slurry coat. The obligations, responsible party,
schedule, estimated costs, and funding sources for the provisions in the new agreement
are summarized in Table 1 below:
TABLE 1:
Description Responsible Schedule Estimated Funding
of Obligation Party Cost Source
Rebuild Successor By the earlier of (1) six $17,000 ROPS
perimeter wall Agency to the months after a decision
Palm Desert not to proceed with the
Redevelopment Project; or (2) 06/01/15
Agency
Crack seal City December 15, 2012 $2,500 Unobligated
and slurry General
coat Fund
Remove, City By the earlier of(1) six $25,000 Unobligated
replace, & months after a decision General
restripe not to proceed with the Fund
pavement Project; or (2) 06/01/15
(PDCCV east
parking area)
Remove & SARDA — if By the earlier of (1) six $25,000 Bond Funds
replace project is built, if months after a decision - if available
pavement not built, it not to proceed with the for this
(shared becomes a City Project; or (2) 06/01/15 purpose
access) obligation
Maintenance Housing On-going $0.20/s.f. Housing
of PDCCV Authority— if (slurry seal/ Authority
portion of project is built ea. 5 yr);
shared (and retained), if $5/s.f.
access not built, (remove/
easement obligation is to replace
property owner paving ea.
30 yr)
\\srv-fi12k3\groups\rda\Heather Buck\Carlos Ortega Villas\Stf Rpt\COV PDCCV WALL AGREEMENT\to Oversight Board\SR-COV PDCCV WALL AGREEMENT to OB.doc
Staff Report
Authorize Execution of Reciprocal Access and Wall Agreement with PDCCV
Page 4 of 4
October 1, 2012
The City shall perform any of the Agency's obligations provided for in this Agreement, if
and to the extent that the Agency is unable to perform or pay for such obligations due to
the Termination Legislation, or other circumstances beyond the Agency's control.
Staff has reviewed the Agreement with City and SARDA legal counsel and has
negotiated in good faith with representatives of the PDCCV HOA per the City Manager's
direction.
On August 23, 2012, the City Council and SARDA approved the attached agreement
substantially as to form, authorized staff to forward the Agreement to the Oversight
Board, and appropriated $2,500 for the crack seal and slurry coat work to be completed
by December 15, 2012. Staff recommends approval of the attached agreement
substantially as to form.
Fiscal Analysis
An initial appropriation of $2,500 for the crack seal and slurry coat that is to be
completed by December 15, 2012 was approved by the City Council as a good faith
effort to work with the neighboring development.
The estimated construction cost for the block wall ($17,000) is listed on the ROPS and
is scheduled to be paid out of bond funds. If the project is ineligible to use bond funds
the City must cover this cost as well as the cost to remove and replace the pavement.
Submitted By:
1 /4/(A.'r:e/() iL -
Martin Alvarez (Janqf Moore, Director of Housing
Director of Economic Development
Reviewed: I t'04-°">BY OVERSIGHT BOARD
).)" Rasr Al nl,teciecLI,Deas A( J7)
ON to-l-t21
L..--- VERIFIED B , SSE--
Paul S. Gibson, Director of Finance Original on file with City Clerk's Office
Approval:
• 4 16 d /
n M. Wohlmuth, Executive Director
1
\\srv-fi12k3\groups\rda\Heather Buck\Carlos Ortega Villas\Stf Rpt\COV PDCCV WALL AGREEMENT\to Oversight Board\SR-COV PDCCV WALL AGREEMENT to OB.doc
..............
FRL OESERI REO IIELOPTENI AGENCY
44( ,o 73-510 FRED WARING DRIVE
7 ripe
PALM DESERT, CALIFORNIA 92260-2578
TEL: 760 346-0611
,� „�✓ FAX: 760 341-6372
.. info@palm-desert.org
March 17, 2009
Mr. Robert W. Taylor, President
Palm Desert Country Club Villas HOA
77-805 California Drive, A-2
Palm Desert, CA 92211
Re: South Perimeter Block Wall
Dear Mr. Taylor:
Thank you for taking the time to meet with Martin Alvarez, Redevelopment Manager, to discuss
the deconstruction of our Country Village Apartments and removal of the tamarisk trees
adjacent to HOA's south perimeter block wall.
As part of our deconstruction project, our proposal is to remove the tamarisk trees/roots and
your southern perimeter block wall, and replace it with a new 6-foot high tan slump stone block
wall (see attached map). The construction of a new block wall is anticipated as part of our
future senior apartment project. If you grant us approval to remove your perimeter block wall,
we will replace it with a temporary chain-link fence with green screen, securing your property.
The temporary fencing will remain in place for a period of one year until a new block wall is
designed and constructed, or until we proceed with the new project. If our apartment project
does not commence within one year, the Redevelopment Agency will construct a new block wall
in the same location independent of the future project. If you are in concurrence with this
proposal, please sign below.
c° )Yr Approval:
i ohn M. Wohlmuth Robert W. Taylor, President
Executive Director Palm Desert Country Club Villas HOA
JW:MA:mh Date:
cc: Justin McCarthy, ACM Redevelopment
Janet M. Moore, Director of Housing
Lauri Aylaian, Director of Planning
Russell Grance, Director of Building & Safety
G:\rda\Maria Hunt\WPDATA\ALVAREZ\POCC Villa z\taylor031709blockwaltdoc
mum ON RE MO rlrtl
RESOLUTION NO. OB - 016
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS FOR
THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY APPROVING A RECIPRICAL ACCESS
AND WALL AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO
THE PALM DESERT REDEVELOPMENT AGENCY, THE CITY OF
PALM DESERT, AND THE PALM DESERT COUNTRY CLUB VILLAS
RECITALS:
A. Pursuant to Health and Safety Code Section 34179(3), all actions taken by
the Oversight Board for Successor Agency to the Palm Desert Redevelopment Agency
(Oversight Board) shall be adopted by resolution.
There has been presented to this Oversight Board for approval of a Reciprocal
Access and Wall Agreement between the Successor Agency to the Palm Desert
Redevelopment Agency, the City of Palm Desert, and the Palm Desert Country Club
Villas.
NOW, THEREFORE, THE OVERSIGHT BOARD FOR 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 Oversight Board hereby adopts Resolution No. OB
approving the execution of a Reciprocal Access and Wall Agreement between the
Successor Agency to the Palm Desert Redevelopment Agency, the City of Palm Desert,
and the Palm Desert Country Club Villas, which are made a part hereof and attached
hereto as "Exhibit 'A;".
Section 3. The staff of the Successor Agency is hereby directed to provide the
State Department of Finance ("DOF") written notice and information regarding the action
taken by the Oversight Board in Section 2 of this Resolution. Such notice and
information shall be provided by electronic means and in a manner of DOF's choosing.
Section 4. The officers of the Oversight Board 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.
RESOLUTION NO. OB - 016
PASSED, APPROVED AND ADOPTED this day of , 2012.
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, CHAIR
ATTEST:
RACHELL D. KLASSEN, SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
2
RESOLUTION NO. OB - 016
EXHIBIT A
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
RECIPRICAL ACCESS AND WALL AGREEMENT BETWEEN THE SUCCESSOR
AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, THE CITY OF
PALM DESERT, AND THE PALM DESERT COUNTRY CLUB VILLAS
RESOLUTION NO. OB — 016
111111 DESERJ R [ ELOPRENJ AGEMCY
/� 73-510 FRED WARING DRIVE
.11.11PALM DESERT, CALIFORNIA 92260-2578
.�n� _ w ' TEL: 760 346-0611
s 1. a; . FAX: 760 341-6372
Z1j1 EXHIBIT H
A''''� in
March 17, 2009
Mr. Robert W. Taylor, President
Palm Desert Country Club Villas HOA
77-805 California Drive, A-2
Palm Desert, CA 92211
Re: South Perimeter Block Wall
Dear Mr. Taylor:
Thank you for taking the time to meet with Martin Alvarez, Redevelopment Manager, to discuss
the deconstruction of our Country Village Apartments and removal of the tamarisk trees
adjacent to HOA's south perimeter block wall.
As part of our deconstruction project, our proposal is to remove the tamarisk trees/roots and
your southern perimeter block wall, and replace it with a new 6-foot high tan slump stone block
wall (see attached map). The construction of a new block wall is anticipated as part of our
future senior apartment project. If you grant us approval to remove your perimeter block wall,
we will replace it with a temporary chain-link fence with green screen, securing your property.
The temporary fencing will remain in place for a period of one year until a new block wall is
designed and constructed, or until we proceed with the new project. If our apartment project
does not commence within one year, the Redevelopment Agency will construct a new block wall
in the same location independent of the future project. If you are in concurrence with this
proposal, please sign below.
' c e)y, Approval:
ohn M. Wohlmuth Robert W. Taylor, Preside
Executive Director Palm Desert Country Club Villas HOA
JW:MA:mh Date: 3 r/ ?
cc: Justin McCarthy, ACM Redevelopment
Janet M. Moore, Director of Housing
Lauri Aylaian, Director of Planning
Russell Grance, Director of Building & Safety
G:\rda\Maria Hunt\WPDATA\ALVAREZ\POCC Villas\taylor031709blockwa II.doc
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1:1,216 \ 4.,-v'4/
RESOLUTION NO. OB - 016
Contract No. C32150
RECIPROCAL ACCESS AND WALL AGREEMENT
BETWEEN
THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY, THE CITY OF PALM DESERT,
AND
PALM DESERT COUNTRY CLUB VILLAS
This Agreement(Agreement) is entered into as of , 2012, by and
between the Successor Agency to the Palm Desert Redevel• ent cy ("Agency") and the
City of Palm Desert, a municipal corporation ("City"), o• t one h.• d The Palm Desert
Country Club Villas, a California nonprofit corporation _ "), on t' •er hand.
RECIT
A. Palm Desert Country Club Villas ("P► is . condomini project (the
Villas, Exhibit "A"). The Owners of the condominiu • the PDCCV own an undivided
interest in certain common areas, inc '• t a perimeter • and easterly access drive, as
depicted on Exhibit "A". The Property ' )CCV is leg. •- ribed as: Lot 1 of Tract
4887, as per map recorded in Book 75, pag. • e f Maps, 't side County Records.
B. In 2009, th- ' . m Desert R. opmen -ncy ("RDA") owned property
known as Country Vil - I ents ("Ap. • ents") o • parcel of property adjoining the
Villas ("Project Pro.• ", Exhi, B"). On t' Villas' eastern boundary, the Villas and the
Project Property s • e• undoc ented access : ed Access", Exhibit "C") that provided
vehicular access to Avert, o - for bot e Villas and the Project Property (prior to
ownership b • •-ncy) I. 'sum o and continues to serve the Villas. The parties
acknowle ' . . ed • •f the Shared Access by residents of both the Villas and
Apart . s created a a :.tive - e•t over the Shared Access in favor of both the Villas
and ' . Property. Th. eject ' y also adjoins the Villas on the eastern portion of the
Villas' s• • boundary , •tithe, Shared Boundary", Exhibit "C"). The RDA planned to
deconstruct •artments . build a new housing project now to be known as Carlos Ortega
Villas, ("Proje The deo struction project included the removal of certain tamarisk trees
and a perimeter w.. • the ``.uthern Shared Boundary.
C. On M. 17, 2009, the RDA and PDCCV entered into a letter agreement
("Letter Agreement," Exhibit "H") that provided for the removal of tamarisk trees and an
existing perimeter wall on the Southern Shared Boundary and its eventual replacement with a
new 6-foot high tan slump stone block ("Replacement Wall") to be constructed concurrent with
the Project. In the interim, the Letter Agreement provided that the RDA would construct a
chain-link fence on the Southern Shared Boundary. If commencement of the Project did not
commence within one year, the RDA agreed to construct the Replacement Wall without further
delay.
1
72500.00839\7480182.1
DRAFT 8/3/12
RESOLUTION NO. OB - 016
Contract No. C32150
D. Pursuant to the Letter Agreement, in March 2009 the RDA removed the tamarisk
trees and the existing block wall and constructed the chain link fence. In June 2011, the
Governor of the state of California signed several budget related bills which prohibited RDA's
from entering into any new contracts. The RDA did not go forward with the Project nor did the
RDA construct the Replacement Wall.
E. In March 2011, the RDA transferred the Project Property to the City. In
February, 2012, pursuant to California law that resulted in the termination of all California
redevelopment agencies ("Termination Legislation") the RDA was di olved and succeeded by
the Agency, to which were transferred, by operation of law, the ' P sets and obligations,
including the obligations of the Letter Agreement. Under th- ermination Legislation, the
Project Property may be subject to "claw back" to return the • Property to the Agency.
Furthermore, under the Termination Legislation, the Agen, s abi • fulfill its obligations
under this Agreement may not be recognized, in whi• a the Ci 'all be obligated to
perform all obligations of the Agency provided herein
F. By this Agreement, the Agency 'DCC sesire to rene revise the
RDA/Agency obligations derived from the Letter Ag nt, g`. dd new corn , ments in part
to compensate PDCCV for the delay in performance oft er Agreement.
G. Agency and the City on t '` • hand, and PD on the other hand, intend that
this Agreement be made and entered into )• o the provisi• e California Civil Code
Section 1468, in effect as of the effective . e o •reement, d that this Agreement shall
run with the Project Property and the land o he P' . •uties and obligations imposed
by this Agreement shall b, • g upon any essors, _ns or transferees of any party to
this Agreement. Any se this Ag `'-ment to b• recorded in the Official Records of
Riverside County, C •
0
ill s,
72500.00839\7480182.1 2
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
AGREEMENT
Agency and PDCCV agree as follows:
1. Perimeter Wall.
a. Agency will complete construction of the Replacement Wall, of a
minimum six feet in height and a maximum of 6'-6" in height, as depicted on Exhibit D by the
earlier of(1) six months of a decision by any authorized body deeme4appropriate or lawful to
make such decisions to not proceed with the construction of the Carl, .. -ga Villas; or (2) June
1, 2015.
b. During construction of the Replace r t , e Agency will cause
temporary fencing to be in place to prevent access to .e illas fr. e Southern Shared
Boundary.
2. Paving
a. By December 15, 2012 the Ci ,: cra"`k seal and lurry coat the
proposed Access Easement and Villas' parking adjace . the proposed Access Easement,
including the area below the existing ca
b. By the earlier of (1 si• of a dec ' by any authorized body
deemed appropriate or lawful to make such k cisio - .roc- with the construction of the
Carlos Ortega Villas; or (2) s e 1, 2015 the .e' ` or t shall cause the pavement of the
proposed or actual Ac' .. ent and V s' parkin! adjacent to the Access Easement,
including the area bel' ' 'the exi carports, to replaced and restriped.
3. Shared A. an' Easeme see Exhibit E).
the -ct is a.. - red, prior to commencement of construction,
Agency d PDCC Great: =:• record a Shared Access and Utility Easement (Access
Ease.- along the eas , este • boundaries of their respective properties as depicted
in hi. ,nd as further t ribed r-'ow:
(1) e Access Easement shall run north/south from the property line
adjacent to Ave ' the S es to the southern boundary of the Villas. The Access Easement
shall be twenty fou .e; its western boundary shall be just east of the eastern most portion
of the roofline of the as' carports that currently exist along the Villas' eastern perimeter, or
12 feet from the pro. rty line, whichever is less. The remainder of the 24 feet of the Access
Easement will be on the Project Property, all as depicted on Exhibit "E".
(2) The southern end of the Access Easement shall include an
additional portion of Villas' property to accommodate a street internal to the Project, as depicted
on Exhibit E.
(3) The Access Easement shall include a public utility easement over
the entire Access Easement.
72500.00839\7480182.1 3
DRAFT 8/3/12
RESOLUTION NO. 0B — 016 Contract No. C32150
(4) The Access Easement shall provide that the Agency shall maintain
the entire Access Easement, at the Agency's sole cost, unless PDCCV opts to do so, or the
Agency does not complete the Project or ceases to use the Access Easement, in which case each
party shall maintain the part of the Access Easement that is on their property. Under no
circumstances, shall the Agency maintain the PDCCV carports.
(5) The Access Easement shall provide that the Agency shall fully
repair any damage to the pavement of the Access Easement caused by the installation,
maintenance or repair of public utilities within the Access Easement Either party shall fully
repair any damage to the pavement caused by that party, its of mployees, members,
residents or guests within thirty days of any such damage.
(6) PDCCV retains the right to m. ain o .ce the Villas carports,
adjacent to the proposed easement, within their current fo• =.ri per Se 25.76 of the current
Zoning Code.
(7) Both parties agree in goo faith to achie '. ordation of
said proposed easement.
b. Only if the Proje t proceeds to con- ion, Agency shall complete the
following work concurrent with the proj
(1) Extend the u er► tility link the pole just south of the
Villas' D building to avoid damaging e pa of - Shared Access in future
undergrounding efforts. (Se- ibit E).
a Re e the island at the north end of the current access (see
Exhibit E). PDC •:I s the :' t to enter AL. , property and remove the island prior to
replacement and restripin the as ent descri _i in "2(b)," with the consent of the Agency
which shall no s eason. i ' ! :o.
Re • - the existing Villas' access card reader to a location to be
agre- on by the Part The nr d reader will be appropriately shielded (such as that
shown i I ibit E) from nt ve `es, by temporary fencing if necessary until the Project
proceeds to , truction. A_ y is not responsible for maintenance of PDCCV card reader.
(4) 'ending finalization and recording of the Access Easement, each
party retains the rig inue to use the Shared Access as they have in the past.
4. Additi. al Matters.
a. PDCCV hereby grants Agency construction access easements, under such
reasonable terms as the parties shall agree to construct the Replacement Wall and accomplish the
various other obligations in this Agreement. Agency shall fully repair, within 30 days, any
damage caused by its construction activities to Villas' property, including pavement.
72500.00839\7480182.1 4
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
b. City and Agency shall continue to mitigate dust, per current practice and
as required by law, on the Project Property. During any construction on Project Property,
Agency shall make a good faith effort to minimize dust, noise, and other impacts on the Villas'
property, including the Shared Access.
c. In accomplishing its construction activities, Agency shall make reasonable
efforts not to negatively impact Villas' parking or access between January 1 and March 31 of any
calendar year.
d. Neither Party, nor their members, residents, : . _ .gents or contractors,
may use at any time parking owned by the other Party without t .ther Party's express written
permission.
e. Any sale or other transfer of the " of, t Prop •r any portion of it
adjoining the Villas, or any transfer of the rights to a y to deve • •e Project or other
development on the Project Property, will be con _ent on the transferee eptance of all
obligations of this Agreement.
f. It is understood and agreed that i plet on of the Replacement Wall
under section "1" or the repaving ob •_ation required b tion "2" are delayed, that it is
impractical or extremely difficult to de •e the actual d. -s that PDCCV will sustain in
the event of and by reason of such delay. -fore stipulat- • gency will pay PDCCV
liquidated damages in the amount of $101 ,er • - -ach day •elay in completion of the
Replacement Wall required by section "1" a •ve o• • •bligation required by section
442:5
g. +CCV s . have the op, rtunity to review the plans for any project on
the Project Propert . • V anc gency shall n: •:to in good faith regarding any impacts of
any such project on th. 1. • •ing app; ,ance, security, protection of gate access
equipment, d -- raffle uti
h. ders .y a 1 parties that the drawings and exhibits attached and
refe erein are pre De •evelopment drawings, not final Construction
Docume wever, all p.ti agree o negotiate in good faith to maintain the intent of the
drawings an. •ibits attach a erein.
5. CI Perf• i i Agency's Obligations.
The Ci` . all perform any of the Agency's obligations provided for in this
Agreement, if and to e extent that the Agency is unable to perform or pay for such obligations
due to the Termination Legislation, or other circumstances beyond the Agency's control.
6. Miscellaneous.
a. Required Actions of Parties. Parties agree to execute such instruments and
documents and to diligently undertake such actions as may be required in order to consummate
the transactions herein.
72500.00839\7480182.1 5
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
b. Time of Essence. Time is of the essence of each and every term,
condition, obligation and provision hereof.
c. Counterparts. This Agreement may be executed in multiple counterparts,
each of which shall be deemed an original, but all of which, together, shall constitute one and the
same instrument.
d. Captions. Any captions to, or headings of, the paragraphs or
subparagraphs of this Agreement are solely for the convenience of the 'arties, are not a part of
this Agreement, and shall not be used for the interpretation or det- ion of the validity of
this Agreement or any provision hereof.
e. No Obligations to Third Parties. Exc: as o •se expressly provided
herein, the execution and delivery of this Agreement sh- n► be dee to confer any rights
upon, nor obligate any of the Parties to any person or e' • •er than the '-s.
f Exhibits. Any and all E. refere ed herein and ed hereto
hereby incorporated herein by this reference.
g. Waiver. The wai .-r or failure to en • any provision of this Agreement
shall not operate as a waiver of any fut + -ach of any suc 'vision or any other provision
hereof.
h. Applicable Law. All . t to this Agreement and the
rights and liabilities of the ' and venue h - shall . +erned by the laws of the State of
California without appl. • 'nflicts of la principle Any and all legal actions sought to
enforce the terms . ► 'visions the Agreem shall be brought in the courts of the County
of Riverside.
Assi. 't. • . not assign this Agreement, or any right or
obligatio - 'arty •ut the prior written consent of PDCCV, which consent shall
not be easonably d or •` -d. • gency and City shall have the ability to assign the
Agr= to the Housi uthori an entity who has an executed contract to build the
Project.
Succe rs and Assi i ns. This Agreement shall be binding upon and shall
inure to the bene e v• tary and involuntary successors and assigns of the Parties hereto.
k. erability. If any term or provision of this Agreement shall be held
invalid or unenforcea• e, the remainder of this Agreement shall not be affected.
72500.00839\7480182.1 6
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
1. Construction. This Agreement will be liberally construed to effectuate the
intention of the Parties with respect to the transaction described herein. In determining the
meaning of, or resolving any ambiguity with respect to, any word, phrase or provision of this
Agreement, neither this Agreement nor any uncertainty or ambiguity herein will be construed or
resolved against either Party (including the Party primarily responsible for drafting and
preparation of this Agreement), under any rule of construction or otherwise, it being expressly
understood and agreed that the Parties have participated equally or have had equal opportunity to
participate in the drafting thereof.
m. Legal Fees. In the event of the bringing of an • or proceeding to
enforce or construe any of the provisions of this Agreement, the p iling Party in such action
or proceeding, whether by final judgment or out of court settle• • 1 be entitled to have and
recover of and from the other Party all costs and expenses of t, inc • •, actual attorney's
fees.
n. Indemnification. Agency defend, indemnify •old harmless
PDCCV and PDCCV's directors, officers, . •aging . -nt from any .11 claims,
damages, actions, causes of action, liabilities, losses c. .tto ' fees and any .'her expenses
("Claims") arising out of, related to, or encountered in -ction with construction activities
associated with this Agreement or the p • ecution of work • it, including, but not limited to,
claims of wrongful death, regardless o ••erit or outcom, the Claim and whether such
Claim is caused by Agency, Agency's a. • •loyees, or tractors, their agents or
employees, products installed on PDCCV' •rop- 4 •ency • • gency's subcontractors, or
PDCCV's active or passive contributory neg •en - y such injury or harm as may
be caused by the PDC e negligenc: willful conduct. The coverage of such
indemnification shall ' ude, out limitati• attorney fees and court costs incurred by
PDCCV with regar• -to. Sa demnity sh. survive the expiration or termination of the
Agreement, including • . an •r guarantee p •s.
sur. • gen • t all times during the course of construction of
the Agre; -nt, or ensio eof, and at Agency's own cost and expense, procure from
insur. - company(ies - •tabl- ,- 'DCCV, and continue in force, insurance policies of
the • • d types set belo t in no event with levels below those required by any
applicable ordinance k egul. ion), furnish the PDCCV with certificates of insurance
accompanie• .dditional ured endorsements naming the PDCCV, its directors, officers,
agents and emp - , as ad• onal insureds under the Commercial General Liability Policy and
providing that th- ur. e company(ies) must give the PDCCV written notice of any
cancellation per the t: of the policy and have the insurance company(ies) issue the PDCCV
the appropriate ACO'-.0 form explicitly stating that the certificate(s) of insurance convey(s) all
rights and privileges afforded under the policy(ies)to the certificate holder.
Limits of Liability
Coverages Each Occurrence Aggregate
General Liability $1,000,000 $2,000,000
Workers' Compensation $1,000,000 $1,000,000
Automobile Liability— Bodily Injury/Property Damage: $1,000,000
Any Auto Used Combined Single Limit
72500.00839\7480182.1 7
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C3215O
(1) Coverages shall apply to all locations where the named insured is
performing services and/or activities in connection with, or arising out of, this Agreement. The
policy of insurance which affords comprehensive general liability shall contain at a minimum:
a) A provision or endorsement stating that such insurance,
subject to all of its terms and conditions, applies to the
liability assumed by Agency der this Agreement,
including, but not limited to, th• ' 'ty assumed under the
indemnification and hold , less provisions of this
Agreement (blanket contr‘ • .verage);
b) Premises operations • o• cts/co -d operations hazard,
contractual liabi , . •ad-form p y damage, and
independent c• actors coverages;
c) Personal inj e a• detention or prisonment,
malicious prosec• ibel, slander, •efamation, or
vi•lation of right of • , wrongful entry or eviction, or
oth • asion of right • 'vate occupancy, bodily injury
and . , •• battery) co - and
d) Legal 'bility f• dishonest acts of insured's
employe;
4 Th. regoing req • ements as to types, limits and approval of
insurance coverag- • . .intain by Agency . •• intended to, and shall not in any manner,
limit or qualify the liabil]. • d '• sons assu by the Agency under this Agreement.
-n proo • ompliance with these requirements shall be filed
with . pproved PD before commencement of work. Agency shall insert a
prov' ubstantially ar to equirements of this paragraph in any contract or
subcontr.. •vering any p• ,n oft► ork and shall require the contractor or subcontractor to
take out an. 'ntain such i ance (including naming the PDCCV, and its directors, officers,
volunteers, ag and emp ees as additional insureds) and to file proof of compliance as
stated above.
Each policy of liability insurance shall state that with respect to the
operations of Agency der this Agreement, such policy is primary and any insurance carried by
PDCCV or any individual unit owners within the Villas is excess and noncontributing with such
primary insurance, and shall state that written notice shall be given to PDCCV prior to
cancellation per the terms of the policy. Agency shall notify PDCCV in the event of material
change in, or failure to renew, any policy or endorsement. In the event Agency fails to secure or
maintain any policy of insurance required under this Agreement, the PDCCV may, at its sole
discretion, secure such policy of insurance in the name of and for the account of Agency and in
such event Agency shall reimburse PDCCV upon demand for the cost thereof
72500.00839\7480182.1 8
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
p. Delivery of Notices. All notices permitted or required under this
Agreement shall be given to the respective parties at the following address, or at such other
address as the respective parties may provide in writing for this purpose:
PDCCV:
J&W Management
P.O. Box 1398
Palm Desert, CA 92261
Attn: Bruce Kalanquin
(760) 568-0349
CITY and AGENCY:
City of Palm Desert
73510 Fred Waring Drive
Palm Desert, CA 92260
Attn: Martin Alvare conomic Development ► or
(760) 346-0611
Such notice shall be deemed made whe ..onally delivered or when mailed,
forty-eight (48) hours after deposit in t • .S. Mail, first c . .ostage prepaid and addressed to
the party at its applicable address. Act • 'ce shall be de. # adequate notice on the date
actual notice occurred, regardless of the m:`' ice.
q. Entire Agreement. T' A. - rsedes any prior agreements,
negotiations and commun.' oral or wri • d cont. , the entire agreement between the
Parties as to the subje' a - eof. No s .equent a. eement, representation, or promise
made by either Part -to, or b to an emplo -e, officer, or agent or representative of either
Party, shall be of any e less is in writing . ecuted by the Party to be bound thereby.
• ens. - to `i ent. The terms of this Agreement may not be
modified . -. - .t by . w trument in writing executed by each of the Parties hereto.
9
72500.00839\7480182.1
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
IN WITNESS WHEREOF, each Party has executed this Agreement on the date set forth
below next to that Party's signature.
DATE: DATE:
PALM DESERT COUNTRY CLUB SUCCESSOR AGENCY TO THE
VILLAS, PALM DESERT REDEVELOPMENT
a California nonprofit corporation AGENCY
By: By:
DATE:
CIT f 4 F PALM DESERT
By:
E:
RD
•
11111
1111
72500.00839\7480182.1 1
0
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
PALM DESERT COUNTRY CLUB VILLAS ACKNOWLEDGMENT
State of California )
) SS.
County of )
On , 20_, before me, , a Notary
Public, personally appeared , who proved to
me on the basis of satisfactory evidence to be the person(s) whe• e(s) is/are
subscribed to the within instrument and acknowledged to me t he/she/they executed
the same in his/her/their authorized capacity(ies), and that '•er/their signature(s) on
the instrument the person(s), or the entity upon behalf o ich t . -rson(s) acted,
executed the instrument.
I certify under PENALTY OF PERJURY und- •e laws the State of a .►'a that
the foregoing paragraph is true and correct.
WITNESS my hand and official seal
Signature al)
Y ACKN I ' EDG fr T
State of Californi.; )
S.
County of ' ide
On , i - •e, , a Notary
Pus , onally appe.,
who proved to
me on th- 's of satisfa evi `-nce to be the person(s) whose name(s) is/are
subscribed t. - within in- ment and acknowledged to me that he/she/they executed
the same in his heir a orized capacity(ies), and that by his/her/their signature(s) on
the instrument the s , or the entity upon behalf of which the person(s) acted,
executed the instrum .
I certify under PENALTY OF PERJURY under the laws of the State of California that
the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (seal)
72500.00839\7480182.1 11
DRAFT 8/3/12
RESOLUTION NO. OB - 016 Contract No. C32150
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT
AGENCY ACKNOWLEDGMENT
State of California )
) SS.
County of Riverside )
On , 20_, before me, , a Notary
Public, personally appeared , who proved to
me on the basis of satisfactory evidence to be the person(s) e name(s) is/are
subscribed to the within instrument and acknowledged to ► .e/she/they executed
the same in his/her/their authorized capacity(ies), and th. sy his heir signature(s) on
the instrument the person(s), or the entity upon beh. tt ich the en(s) acted,
executed the instrument.
I certify under PENALTY OF PERJURY un.er .ws o e State of Cal is that
the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature seal)
I RSI t °" BOARD R KNOWLEDGMENT
State of California
County o
On , . , be e, , a Notary
Public, p- ally appear- , who proved to
me on the b. .f satisfact evidence to be the person(s) whose name(s) is/are
subscribed to t 'thin i ment and acknowledged to me that he/she/they executed
the same in his/he •thorized capacity(ies), and that by his/her/their signature(s) on
the instrument the p- .n(s), or the entity upon behalf of which the person(s) acted,
executed the instru nt.
I certify under PENALTY OF PERJURY under the laws of the State of California that
the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature (seal)
72500.00839\7480182.1 12
DRAFT 8/3/12
RESOLUTION NO. OB - 016
r EXHIBIT A "^,
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RESOLUTION NO. OB — 016
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