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HomeMy WebLinkAboutOB-007RESOLUTION NO. OB - 007 A RESOLUTION OF THE OVERSIGHT BOARD FOR 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, AND TAKING CERTAIN RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code Section 34177(1), the Successor Agency to the Palm Desert Redevelopment Agency (the "Successor Agency") must prepare a proposed Recognized Obligation Payment Schedule ("ROPS") before each six-month fiscal period (commencing each January 1 and July 1) and submit each proposed ROPS to the oversight board for the Successor Agency (the "Oversight Board") for approval. B. Pursuant to Health and Safety Code Section 34177(1)(2)(C) and (m), the Successor Agency must (1) submit the Oversight Board -approved ROPS for the six- month fiscal period from January 1, 2013 through June 30, 2013 ("ROPS3"), to the DOF, the Office of the State Controller, and the County Auditor -Controller no later than September 1, 2012; and (2) post a copy of the Oversight Board -approved ROPS3 on the Successor Agency's website. 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 approves proposed ROPS3, substantially in the form attached hereto as Exhibit A. Staff of the Successor Agency is hereby authorized and directed to submit a copy of Oversight Board -approved ROPS3 to the DOF, the Office of the State Controller, and the County Auditor -Controller and to post a copy of the Oversight Board -approved ROPS3 on the Successor Agency's Internet website (being a page on the Internet website of the City of Palm Desert). Section 3. The Oversight Board hereby designates John M. Wohlmuth, as the official designated to whom DOF may make a request for review in connection with actions taken by the Oversight Board. Section 4. The officers of the Oversight Board and the 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, including requesting additional review by the DOF and an opportunity to meet and G.\rda\Veronica Tapie\Word Files\Oversight Board\Steff Reports\OB Resolution Approving ROPS 3.DOCX RESOLUTION NO. OB - 007 confer on any disputed items, and any such actions previously taken by such officers and staff are hereby ratified and confirmed. PASSED, APPROVED AND ADOPTED this 20th day of August, 2012. AYES: BRANDL, BUCK, CARVER, DEAS, LARSON, REYES, AND SPIEGEL NOES: NONE ABSENT: NONE ABSTAIN: NONE • 40/10e ROBERT A. SPIEL , CI$� ATTEST: RA L D.K SE SECRETARY OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 2 G:bda Veronica Tapia\Word Files\Oversight BoardfStefl Reports108 Resolution Approving ROPS 3.DOCX RESOLUTION NO. OB - 007 EXHIBIT A SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY RECOGNIZED OBLIGATION PAYMENT SCHEDULE (January 1, 2013 through June 30, 2013) G:\rda\eronica Tapia\Word Files\Oversight Board\Staff Reports\OB Resolution Approving ROPS 3.DOCX RESOLUTION NO. OB - 007 ( THIS PAGE LEFT INTENTIONALLY BLANK. ) RESOLUTION NO. OB - 007 RESOLUTION NO. OB 007 j 0 \] W\ 2a a/ Z r \0 k� §\ /\ LL // k� ■ ■ co RESOLUTION NO. SA -RDA 010 Successor Agency to the Palm Desert Redevelopment Agency Name of Successor Agency: Outstanding Debt or Obligation Six -Month Total Current Period Outstanding Debt or Obligation 0 40 \ MM 2 \1-�� o \ _ » _ B / 0 \ ) . \ f # ` co k ( k k 1 { ) fo ( m § ` § « ) \ \ 1 % % b 0 k ( 11. k k \ ) } o E @ A f 0. Q. + \ / . k / \ .ca f \ 01 ii { k12 z & o [t» [ - En _) / ) ) § } X�� = R .92 - I [ R L| UJ J )�2) § ECLtt ` o - LI:k ®) \k�_\ \/ 01 cc �{\}/ //\ as a) CI 17 § C„0 L. §®7 /j°k zE 2 {)%k* ;§! ©tee\« 7; — ! aa,e \\�/\ y/ § }_\\/ (}}0 e f, {$f� u. §j\u-{ of !A■�E ���( re�t§k FaE |a2_x §f° )§9)8 2e e /2\{) \)\ a#)\» kf @t0,, |§__ k37w4 ±§ 7 lii�a G//( •- f\=� <moo uju £ 0I_,Y §k{f § \/k/ ROBERT A. SPIEGEL RESOLUTION NO. 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Q U m m 2 . $ $ 3 >mdmamamama` 11 ta c 2 2 c c 2 i c c 2 c c c 0 Cry s zi 0 2 E a C 0 2 11 Fs NNNNNN u m°Uu m S;;S::S 5 r�€9yEys az m�mUm0m m u'°'a °LL 3r°u .LLv°LLo°u� Rgc P«w° h A m pco.H .H.Z-_` H 4 L1 c s s m 5 s° n s m s m 28z o E o E o E o E. E o E o E c t f tf Enc u �l '°Ig&2 j n30U'°nt°`_n U'° 8828a"€7Eg.k2 a°Z,wa° ¢Z°ci a° North Sphere Fire Station C o e m ° S ea North Sphere Fire Station Cal State University Infrastructure 0 '5 ry a a' ,71 Payments per existing contract for pr eras. Watson Si Gershon m . V C H I a° 3 E 2 N' N' m L a 7 8 2 a 2 .2 a € G ▪ 8 8 ▪ 5 8 w E u+ 2E8 m 2 2 2 2 2 133 2 2 A 1 rV. RESOLUTION NO. OB — 007 a 0 63, F _ E `a 0m mo x ok� ry 83N y if 2 8 o EE 8 r8 § a w O 83 U Item* Project Name / Debt Obligation rv8 8 8 E. E a 86 Stipulated Judgement Case 87 PDHA Propene Management a biob1.4i 11;t0N etlon. NAI Consulting E E E p E etlon. Overland Pacific 8 Cutler 10/14/2004 Upon protect comp E E E 8 8 8CI m o b u f f E E 8 8 3 a 8 8 EE 0 5. A 8 ry g N CV NI N A 4 s dmd0<0< 3:888ma wEwELS0 u u y m N o N %8Ig88S$ n n$ 02 Bond Protect Overhead Costs 03 North Sphere Fire Station 5.o 2/24/2011 Upon urolect completion. Coo MnIrl 3 Cook Street Widening 4 Cook Street Wtdentno RESOLUTION NO. OB - 007 RESOLUTION NO. OB — 007 5 m Ts - EL, in O _ $a IL y c K m 0 O EE gm E 88 8 8 8 sE RE 's Ns § s Lri .. < $ $ e $ $ v nc S p . g u u E n a g F Y $ 5§ a c w ! F3 y F $ -- - c a o. c' S S o� w y g H m c �, p ¢ c' a N o 0 0 0 0 s s s s _ :n �+ -� a '_ o c< y 5 u Y w g n° Pi 8 n ry v 5 `o `o 0 9 oM r'� E `o `a 5 o_�s ti�¢L_U,u ac7 a c7a tl-b b P. P. b m A ' u 2 ¢� b b I'll o n Ty m i E _ m c 2- m- m a o $ o « '5 ._ °u 5 co g! u w o a' ,. w E E1 E u E wa a y� s a� d g w _ o= v a- € Q,11, _ _ fn'� _ u u i i a E Wri1 `e1 oa �03 TiLL ffiu°ffiLL 7LLffi2 ..= o t'i8 c � us o�Z$As o oo NpucE cLL 8o'6gnN wo � nn MS €.9 . �.ona nE nE n2 nn'2 E � o U 3/112015 union Bank of Calitom 5 7222011 Leon's Landscaoina U mm n/a Palm Desert Housing Authority 12/31/2012 RPM Company RESOLUTION NO. OB - 007 wir c c 0 Q c E E 0 0 d m 0 E a) L_ O 0 C a) a Q bm a nQ! 0 0 a 0 N N O 2 M a0 ON 26 m W J C 7 7 On W L 212 cn 2 W 2 N i� z 0 Pc F Notes/Comments Original Source of Funds - Tax Increment (Cash on Hand). RESOLUTION NO. OB — 007 ZEPa \�\\ ( } criotion/Project Scope € € Semi -Annual De Semi -Annual De Semi -Annual De Semi -Annual De ! $ « ! ! < ..=z! �! ! ! ! ! ! ! l=f:4 k ] ] ] | { i ) \ ! , • §m{ 2 % % §qi ! \ ]P| ! ) k & ; \ 2/}R}§i#]#g#|k!§]& ▪ k ilailigii k)§) } - - Semi -Annual Debt Service Payment , E ! § CO enefit Obliganon RDA Assigned Employees [ RESOLUTION NO. 0B - 007 5 E Bond P oceeds x 5. a E E E w E Description/Project Scope s 74 ed Judgement Case No 1,100 Affordable Housing Apt Comps n E 3 tt E n n E 3 0 A m 38) Podola Wall & Sidewalk Alessandro Alley Frontage Rd Imps 5 0) o,E, U > u E s § ry A 5. 3 Cf CV N RESOLUTION NO. OB — 007 Admin A lowance Reserve Balance E a t a $ a 5 60 m r m E n E m m a E o N oy c uc V u u cF o u § M = 2=r _�c �Em�Em.N _ao 51'5:E111 p L=2feu:u " =1191 Fp n ob H =oB=oH =ob ob_o a°cz°a czaSgaSoa£aSa aSaSa Saoa �SaC `oa qiS.SI u5 E c8 = G - o t of n (j n j H u�i a m Y Y F 1 = U `� n G � 3 S a a J c rc 3 rc a-> " rc u 381 s a u a o o` 440 0 E z d :7 E z z° g i 4 a E z 4 F F E F u u a' a s a' a' a° a' r ry ry ry n n ry n ry n n g N 351 PDHA Properties 361 Replacement Reserve Fund RESOLUTION NO. OB - 007 ) Proiect &ea 421 Portola 1 1-10 Imps 441 Liability Insurance 451 Pass-thry Trust Account Obligations ,CV CV CV CV CY IN CY CI VI CI el En el an an an Monterey Ave On/Off R Semi -Annual Debt Service Payment | 2 101 Public Safety Academy Reimb 1,100 Affordable Housing Apt Comp'S 151 PDHA ProoeM Management RESOLUTION NO. OB - 007 Admin Allowance ■ 8 Additional Disclosures on |;[ ({ {\() } } (/§�#, ® §\ 81 PA 4 Public Improvements RESOLUTION N , OB — 007 } Admin Allowance ) ! Duties required u { 5 ; Eg 4 § \ \ \ t. | , West Coast Arbonat Line Project Name / Debt Obligation 141 Reoortinc Services 15) Liability Insurance 16) Banking Services 171 Ho leyY Retention Basin ffordable Hou&ng-Carlos Ortega 181 Vllas 191 IProiect Area Administration 20)'Vested Employee Benefit Obligation 211IStipu4lated Judgement Case No- 5112 22) IReplacement Reserve Fund 231 PDHA Property Management 24) PDHA Properties 251PDHA Properties / §] _ ! ] ) § § ) _ .: \ \ \ / ) \ a k\ § & w ■ r e B ! !