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HomeMy WebLinkAboutOB-034RESOLUTION NO. OB - 034 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 JULY 1, 2013 THROUGH DECEMBER 31, 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 3417 7(I)(2)(C) and (m), the Successor Agency must (1) submit the Oversight Board -approved ROPS for the six- month fiscal period from July 1, 2013 through December 31, 2013 ("ROPS4"), to the DOF, the Office of the State Controller, and the County Auditor -Controller no later than March 1, 2013; and (2) post a copy of the Oversight Board -approved ROPS4 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 ROPS4, 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 ROPS4 to the DOF, the Office of the State Controller, and the County Auditor -Controller and to post a copy of the Oversight Board -approved ROPS4 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:4deWeronica Tapia Word Files\Oversight Board \Staff Reports\OB Resolution Approving ROPS 4.docx RESOLUTION NO. OB - 034 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 4th day of February, 2013. AYES: NOES: ABSENT: ABSTAIN ATTEST: BRANDL, BUCK, CARVER, LARSON, and SPIEGEL NONE DEAS and REYES NONE ROBERT A. SPIEC3tL, ; Al R ' ELLE D. KLASSEN, SECRETARY OVERSIGHT BOARD FOR THE SUCCESSO AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 2 G.Vde\Veronica Tapia\Word Files\Oversight BoardlStaft Reports\OB Resolution Approving ROPS 4.docx RESOLUTION NO. OB - 034 EXHIBIT A SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY RECOGNIZED OBLIGATION PAYMENT SCHEDULE (July 1, 2013 through December 31, 2013) G rde\Veronica 7apia\Word FileslOversight Board\Staff Reports\OB Resolution Approving ROPS 4.docx [THIS PAGE LEFT INTENTIONALLY BLANK.] RESOLUTION NO. OB - 034 SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE Filed for the July 1, 2013 to December 31, 2013 Period PALM DESERT (RIVERSIDE) Name of Successor Agency: Outstanding Debt or Obligation Total Outstanding Debt or Obligation Six -Month Total Current Period Outstanding Debt or Obligation O n CO '0 m O N 01 n 0 N .4i m CA 0 0 •. N en f� O m < qt. N .i of 0 00 .-i n P •i '0 .O 0 N N ID .r Q N N 01 m .A , y N N VF g o U FQ W W Available Revenues Other Than Anticipated RPTTF Funding m m m c 0 u m S 0 L 0 N 97 4' a Q '0 V 0 W LL C7 G a`. Enforceable Obligations Funded with RPTTF Administrative Allowance Funded with RPTTF Total RPTTF Funded (B C = D) Total Current Period Outstanding Debt or Obligation (A + B + C = E) Should be same amount as ROPS form six-month total Enter Total Six -Month Anticipated RPTTF Funding Variance (F - D = G) Maximum RPTTF Allowable should not exceed Total Anticipated RPTTFFunding Enter Estimated Obligations Funded by RPTTF (lesser of Finance's approved RPTTF amount including odmin allowance or the actual amount distributed) Enter Actual Obligations Paid with RPTTF Enter Actual Administrative Expenses Paid with RPTTF Adjustment to Redevelopment Obligation Retirement Fund (H - (I +J) = K) Adjustment to RPTTF (D - K = L) Y � 0 W H ROBERT A. Certification of Oversight Board Chairman: Pursuant to Section 34177(m) of the Health and Safety code, Obligation Payment Schedule for the above named agency. RES. NO. OB — 034 N 2 a 20 0 = 0 0 0 0 0 0 00 0 0 0 0 0 0 0 0 00 0 0 0 00 0 0 0 0 00 0 E o c 0 0 o b o 0 0 .. 00. 0. o O o 0 0 0 0 0 00 0 0 g 00 Q y 0 m - 7.20. 0 0 0 0 0 0 0 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 y - -�—� 0 0 0 0 0 L� N I 0 0 0 0 0 00 0 0 0 00 0 0 i2tv aoERP--$0 �ER 0 Rio 0 o R ��_ - 1 x • 2 2 a 2 2 a x 9 3 3 3 3 8 Y 2 � 8 — • m m c e • o e o o C LL ? 3 • 3 3 3 3 3 3 3 F 3 E e 3 x2 E R & S $ z g i a§ a g g 211 o $ 11 CC 5 L 7 %I- §ai7 E 2 CC a 21Q`qq§pp!§idpp9Q91 7e g � 0 kg g a 3 "sa a 8 E 2 a r 1 i f s _t 9 f ° 3 b g sE 9 , l b # I! 5 SS g RES. NO. OB — 034 a F0*„ounce Bond Proceeds Reserve 8alanc/)/ldmin Allowanfe RPTTF / ()the.J 18,515 U.f 2,631 0 If 0 p a,568 0 O• 1 0 U(I 10,668 0 U/J 0 I 0 25.4051 01 0 0I 0 OI 0I 0 0I 0 BI a 01 OI pI IpI 0I 0I 0I 01 BI 01 0I 0I 01 I0I OI 0I 57,500I 0 0 0 0 t'-q p 11,607 I C I 0 I 0 I 0I 00000 o o1 or OI or oI o of O1 0 O 0 0 U 9a.680 l O I D I 0 I p I O I 13.108,449 I 1,307,353 I 0 I 0 I 0 1 227,409 1 0 28,283,353 769,006 I 0 I 0 I 0 I 18e,503 I 0 104.2131,609 4,034,800 I 0 I 0 1 0 1 947,306 1 0 0I 0I 0I OI °I OI OI 00000 00000 00000 M 3§ ry o 0 0 0 g.§ $ C A v. o 0 o o 0 '^�, . g M o 0 0 0 § Q $ S e 3 pi 0 0 0 0 0 £ .. .. .. .-. ,. ry k k 8 s 2 3 4 JIII!J!IJIJ!!Iit 5 b y Y �C` 4 iiiiiii iiii li!li iii . s„ Approved project as Bated In Exhibit A, 2006• 1 fax Certificate dd 7/6/06- IRS Form 8038,6 Approved project as listed in Exhibit A, 2006-1 Tax Certificate dd 7/6/06 - IRS Voids 8038.0 a r `7 V _ r r 9 g , g ] 1 1 . 'Ii .S _ _ *a iIIiIL E mQ m x ToO from Unspent Bond Proceeds o m g \g YW a�,t 1.0 . a xprvsv mare I000801995 7/15/2039 01726 Rom Boot 60 Itionb Were PP0pe001.69 Sidon 3/13/L997 iZnSt2Ce8 idlyof Palm 0peft ii a a a a a la' o Zi .% a 5 M 5 s a 5 i a 4 2 4 £ £ • x 1G 3 ERIR2 Z x 7 i 1 E 1 i a z $ t e a a $ 3 a 5 g 6. i 1 :4 R E „ „ „ RES. NO. OB — 034 | } f 00 z 2 [ ! ■ | 2 | } !�§ , o o� | ( 0 0 0,, r 0 0 0 0 o o ! 0 0 00 « o ■ 2 � f , 2 | 2 2 i - ; ; i } 1 $»:a; $ § | i ` i ® ) k 'k k 2 ! \ | ; i RES. NO. OB — 034 r-I 0 N ' , I a o 0 0 0 �vo§ gp00008 8 e o,0000 Ic .. 0 0 0 0� -o -o o'o, `bs c o ... c� 0 0 0 0 0 0 o c o 0 0 0 0 0 o c 0 c 0 0 0 0 —�- �� �� — r 3 0 0 0 0 0 _ 0 0 0 0 0 0 0 _ 0 0 0 0 0 m 9 r2' -'-.,'0 o 0 0 0 0 0 0 0 0 0 0 _. 0 0 a o o o 0 0 0 0 0 0 m 0 0 0 0 0 0 s s�� 0 0 0 oh§ 0 0 0 o m 0 o 0 0 0 e m• Total Outstanding Dobo or Obligation 0 0 0 0 sue fl :. 0 0 0; P. N m 0 0 0 0 s 0 g n g M1 �. ...0—.—, m . ., X rA g-� b o r y KS 3 nay menta on existing contracts for the street Improvements related to arterial access Inbound and outbound trom Interstate 10 on Monterey. Payments on existing contracts for the street improvements related to arterial access Inbound and outbound Iron Interstate 10 on Monterey. Payments on existing tonbXts for the street improvements related to anerfalaaess inbound and outbound from Interstate loon Monterey. y . C ga `F_: �' i s s €EG=` a 3 3 E $": ss L � y�`3 s 8 npa& jaa. i qq E s§.8 S 4 a 2 5p sy =3E, a` !approved project at listed In Exhibit A, 2006.2 fax certificate led 7/6/06 - INS norm 8038-G . A9 R a 2L€ M E u II!! S a c 0 8A g b b 8 4 4 E .£ i tyy i a 8 2 3 ° ° a q & & & & & y "2 Ey1 111 o N N 1 4 o €F it fit 8'^a off^' _ E-1 a . g x 1 -2 6 5n 5 .e ri o o $ E E o Monterey P AOImps E a E o g c i . E s E s o P is S ° 8 8 r r r P a s s a s s a RES. NO. OB - 034 3 2 5 =o 0o = - e 0 0o - 0 0 oo tSo 00 00 2 O d b R 113: a a 8 n 4,1 si g 1 7-1 t 0 0 0 0 0 0 0 0 2 R a 0 3 3 Intetattive Design cap Y 2 RES. NO. OS — 034 b g 21,4 E s" 5 3 gq g k71 H $ 2 e O 41 t E & % G i =° g ¢ E S a i R kiTh �s m R o 8 TBB from Unspent Bona Proceeds IBD from Uropenl Bona Noe IBB from unspent Bona pmceeab 1BD from Unspent Bona proceeds 2 8 5 t Sagecrest Rebabllrttion 5 e RES. NO. OB — 034 2 gE �e~ § § k Ala § F ry ▪ ^y k 8 k k o ; 21 a R $ § k • x s ▪ 4a Y x E8 g a I. x rS 2S s 28 z o E 8 0 . s i o g a $ Es Es 5sE 22E a�;!I a 1 a o 01 x; 4 A W�€s li Wa d 3r - Y" Q _g _yy g p1 W$ W u E 5 u G '�, G— S �+ L_ E S i ill § 8- S 2, • I $_ s _� E$ rs z s2ssg °2 b2 r2 k' i a r.; 8 x` "1 E s g i§ a§ 11 1§ zt hi *11/i 1$ si / / / 1 1 1 ° 2 2 a g 5 " 4 • o e I 8 / E 0 0 0EE o m E g 1 k E Q E E E n t 6 1 a g I & g $ r a$ e @ $ r r s 3 a 3 II R 1 2 gg s § s E E E E I;g 1 y r e e t 9 t S Lg. t f i i 8 8 2 8 P a a S. a Zg a# SE 8$ 105 uo,tola(l I-lO Imp. RES. NO. OB - 034 #$ 5 6 ES 6 q tl RES. NO. OB — 034 _ 5 05 F Q h a 4 l [ a e Et 3 -T`g9 'Y y InV 7 7 B 7 i ! p 8 4 a A i i 33 tAivia 3 / 3 yp �r 2 2 e i 1 5 y t ' 3 i g ? gg s l ailltiiiim R . _ z Z Ras 2 - r F a S $E RES. NO. OB — 034 1 5 a i A 17171 1 5 e 8 a a t E9t = # $ 1 P 8 p¢ i el s s 9 5 5 € 0I e 34 4 a yyV FV K a 1 Y 1 e c • E Y_ E K K E _ F F F 5 w L Y l Y t 0 i m � pp € ,y Sl g x e 1 F xr =� x;8 � 4� Ssn Y a P sfr^gs a 3y..� °e _ °e {{ WI, I II dill 5 i/ i l I 8 1 1 I € t 5 a L RES. NO. OB - 034 S ■! # , ` z. i|�! a !— §§" I, E|; � |« |g!|f .il §|,E. , - ! |l;;; 1141 E°' l ! . ! / i| ! 4 ` 1l.I!) ,- ! }�:| |! } t !!{ i 1 2 ` 1 . i6. i } . i i i i 11 h\ ! I | } } !l.•!|!l.I !! fd |■| ! f ! ! ,y�� -'; &fit,- ,t • ! | ! t. h | v) v 11 fI !! )! $) g, f) !! i RES. NO. OS — 034 E E e I; a a o 1 a E 5 8 i i E s �a r I 2 2 t 2 E, 2 e e v e 9 t < i Y o 6g 5 V i V F V i "011111111111 :$ t b K x EE� p y=�E E iEggA E�fF � �� r�.77 jj �i#,i S r a a a 6 fr n 6 s a6 Sg �€ E F YBR. $Y$} .% "_-ate Ee i 9 IIII x 3 a a I 2 f l .1S gs 1 i S i i L+ 8 3 g & x $ - .1° : I I i s s 4 x r r { r r r r e 1 i 1 I k Y ` ! t i i '•' . e i 33� z e J� `s F`�C EgiLlilagI BIi1II RES. NO. OB — 034 5 k A fl 6 • RES. NO. OB — 034 71. 21 } ! 3 | ! ,4 fl �I\!| / L/ | 1! A 111 5 / 5 !!! !: ill 11 § it g 1 !III i !f hill 14! :!aa.« RES. NO. OB - 034 PALM DESERT (RIVERSIDE) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional) July 1, 2013 through December 31, 2013 ■ t ) E 0 vs 111 § § \ co • % coo 8 \ k 2 2 f $ 0. | ƒ 2 8 61 0 O. ) Cr I $ ) $ 0 � 2\ & $\ a. k cr .0 § co 0 !a§ I22 11 000 2 8 0 E• 0 2cc «aft (Rk )SuTig ti) tie !3 _ ID IN 00 RES. NO. OB — 034 PALM DESERT (RIVERSIDE) Notes (Optional) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14Al July 1, 2013 through December 31, 2013 E • a 0 0 c O 0 O 0 O C E N 0! a O 0 c 0 0. 0 .c m 0 d 0 E m c 0 0 0 0) 4) a £ 0 c 0 00 m c a 0 0 O o -0 c m a 4 O 0 N B 7'n m C c 0 0 0 0 00 00 a a a a O • 000 d a a O. • 2s 2 yB M.r Y yB Y V 3 3 3 3 ✓ v v v • c • ` W OO _O . 00 DO 00e¢\ m a 00000 d -E m m C 0 Gp u CUC O O 00 g 0 0 Obligation transferred with Asset to the PDHA. N g m on 0) c LL C 00 c E u E i d u Ct O 0 'io O 7 0 H W y y c - 0 o S' a a Z. 0 a a c 0 0 bo a a d a ;is a a 3 c 4, m a 0 4) a a v 51 , NSP Rehabilitation 4 •0 dJL V • N t+l 01 1� ai 8n $ ▪ N N N H N VN1 N O 0 N N N N n RES. NO. OB - 034 PALM DESERT (RIVERSIDE) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional) July 1, 2013 through December 31, 2013 Notes/Comments 0 c m 00 co c 0 0 c L o E G a E £ iG. V • C rl E u0 00 at E O 0 0 .0 .a E' E E l0J U V 000 C c LL - IY 00 o. & o. .5 'u � d 0 0 0 01 01 U . To To To To c c ✓ o v so u u c0 c c 00 00 00 o 00 0 0 z 0 i 5 ° d N « .0 a 0 0 0 c c 'w A r Q E A o m 00; 0 0 wee v m 1 D L L i g L 1 C O L L 7NNYo m N N N W V c ,p 1p J 07 70 3 {A 'M N q U V V V V U U« C 00 i L L 00 0 01 E t' o ff Vl >>>>> L N O oZ"1 0 0 A m cca0-c< z z v N z z u v a 4,44 a a as I- o N T N r 0 C 0 d (5r0(5 RI 10 W 0 d L T T T T r 2-2 2- 0 8 8 8 00 0 o.01 uO. 4( O. T 8 u 0 d rrr 0 0 E E O . O. O. 5 $ W E E E E E E W C 2 L a E 2 L m v c 0 4) i c a 0 I w 0 c 10 c 0 0 0 0 0 'm 1+17 A 0 'Ve i v v a v 00 00 00 c 4 v 4'O N N r 2 Sn 5 0 0000 h is. 000 n d 00 A coo 3 ea Outstanding debt adjusted based on updated actuals/pr E C T a 3 m V1 V a CO ai r a a. d o+ 00 0 01 0 RES. N0. OB - 034 PALM DESERT (RIVERSIDE) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional) July 1, 2013 through December 31, 2013 Notes/Comments 0 0 0 v � a V V ° u b °r°ip c cxxif 0 0 .s > > ai u m Asa 3 a a 0 c c E91 o u 88 0 0 0 222 ttt 0 0 0 15 Y1 } i. Lei LA CC 00 0 0 a 0. E E 2 0 a 0 41 E n a EE c 22 c .0 .c .0 '0 a c c 22 u 0 A a� c c 24 cc 0 0 Outstanding debt adjusted to coindde with bond requirement. Previously reported for only 5 years. c 9 c c 0 0 0 0. 0. u0 § v0 u0 rrrr c ac c c u. tt gw/g 0 3 00 N ss tt tat 88 O 0 o O 1,411 m O O O Obligation considered ineligible until receipt of Finding of Completion. Outstanding debt adjusted based on updated actuals/projections. Outstanding debt adjusted based on updated actuals/projections. a 0 0 O ri 0�1 AMA 4' N m N s ma 9 LII 7 c 0 0 d 0 a 0 V PA v33 u N 9 0 V ..4 c 1 e4 1 00 0 1 C a d W 0. 0. en RES. NO. OB — 034 PALM DESERT (RIVERSIDE) RECOGNIZED OBUGATION PAYMENT SCHEDULE (ROPS 13-14A) — Notes (Optional) July 1, 2013 through December 31, 2013 Project Name / Debt Obligation 50 E 0 O 0 0 0 0 0 71 C t C C 0. 0n 0n c Y Y Y 0 o. Y a a a a 1.1 00 00 00 a d a a a, aci 41 w EEEE, N 41W N a 0 0. a d Y 0 Y 0 v v a cc cc aaaa L L L L 0 a L 3 3 3 3 '0v v v c c C 0 0u 0 u u O 0 0 0 v 0 O D rt. OS .• N-I Y c A 0 41 to c 0 41 O > T N tt1 c O 0 0 a n 2`Z 0 0 E d & E E 7 3 u N v a._S O 0 a'a 11u u C N Y d c 0 v A 5 O 0 a 0 u m C 0 0 z a 0 Om C C LL. 0 m 0 N N NON N 2 T > ? S- 2 a 2. 2._a- a a a a a 0 0 00 00 00 0'_ c 00 00 d d d d 5) v a d a a o a a s w 4,, w ac, 0 4U w 0Y aci EEEEEEEEE a v a c 0 c 0 c c Y Y u Y Y Y Y Y C C C C 'CI C C C C .0aaaaaaaa 3 3 V 3 3 3 3 Y Y Y Y Y Y Y Y Y vvvwavvvv a '0 Zr'O 0 '0 '0 u a c c c c c c c c u u v0 u u u u u u 2 e0. 0 .0. 0 2 O O 2 ✓ TT, 2 u+ iA YI 2 0 N N2 r, 2 W W �a0, 0 N W W W ✓ 13.0-0 a v v av c c c c c c c c c v 'o '0 5 .5 o v c v .0 .0 A A % N % 10 10 0"s�g000"0" O 00 00000 C + O GV m C o O Q c y y i G C 1. JvvC A m 01 'O O go d z N$ C 0 S. 0. a °' 2 m, i, m E E u V a2, u Y. 2.. m c a s E Z 2 a '^ Y yy C C � � Vl x 1 (1 0 Y 0 to - C 'r0 - C W t0 ? a a of u w 0Y0 le 11 O 2 d A A �0 g_ a a a r o� °J a¢ c m x a 0 V d'.0 a CO a tLn in in to to VI .i ..... ei 'i . i .-t 1-1 N N 3 1 RES. NO. OB - 034 PALM DESERT (RIVERSIDE) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) — Notes (Optional) July 1, 2013 through December 31, 2013 Notes/Comments e Outstanding debt adjusted based on updated actuals/proje Obligation transferred with Asset to the PDHA. ❑ ❑ ❑ O. a a .0 4. a0 0 2 NN (5yi yNvJ Z L L W ( `I Ten C m L c c c ro 00 m m o .0 .00 O O O .I csi ti m �—E c'O z u 0 c v o N v A w v o u O 0. a❑ F w d a a` a` « a a .. u ce a a< a i :60 u Z • m b 2 s 00 b 00 0) On i 0 a uo 0 00 ss a a E E u0 u0 00 OD m 0 c c c 0 a u0 0 0 c a 0 a 00 N 0 O u c 0 m a 0 0 [THIS PAGE LEFT INTENTIONALLY BLANK.]