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Home My WebLink AboutRDA RES 255RESOLUTION NO. 255 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY APPROVING A REVISED REPORT REGARDING EXCESS TAX INCREMENT REVENUES AND MAKING FINDINGS THAT SUCH EXCESS TAX INCREMENT REVENUES ARE NOT AND WILL NOT BE NECESSARY TO MEET CERTAIN HOUSING REQUIREMENTS THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1. The Palm Desert Redevelopment Agency has caused to be prepared a revised report regarding excess tax increment revenues, which revised report is attached hereto as Exhibit A. The revised report indicates the last equalized roll of taxable property in each of the Project Areas of the Agency, the projected assessed value of such taxable property, the projected amounts to be set aside into the Low and Moderate Income Housing Fund of the Agency pursuant to Health and Safety Code Sections 33334.2(a) and 33334.6(c), the housing requirements specified in paragraph 1.a, b and c of that certain Stipulation for Entry of Judgment in Case No. Indio 51124, the projected housing needs included in the requirement set forth in paragraph 1.d of the Stipulation, and the estimated amounts of money necessary to meet the requirements of paragraph 1.a, b, c and d of the Stipulation. The revised report includes evidence and analysis reasonably supporting and substantiating the projections therein. The revised report is hereby approved. Section 2. The Agency hereby finds and determines that (i) the amounts of tax increment revenues proposed to be paid to taxing agencies and the amounts of surplus described on pages 18, 19 and 20 of the revised report constitute "excess tax increments" within the meaning of that term under paragraph 2 of the Stipulation, and are not and will not be necessary to meet the housing requirements set forth in paragraph 1.a, b and c of the Stipulation with respect to Project Areas Nos. 1 and 2, and are not and will not be necessary to meet the housing requirements set forth in paragraph 1.d of the Stipulation with respect to Project Area No. 2 of the Agency, and (ii) long-term obligations (including, without limitation, bonds, notes and other evidences of indebtedness) of the Agency to finance redevelopment activities unrelated to affordable housing which are payable on an annual basis from the amounts described in the foregoing clause (i) will constitute "prior indebtedness" within the meaning of that term under paragraph 2 of the Stipulation. 920206 ajh 0320485 RESOLUTION NO. 255 PASSED, APPROVED and ADOPTED this 13th day of February , 1992. AYES: BENSON, CRITES, SNYDER, WILSON, K':LLY NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: SHEILA R. GII(LIGAN, SECtETARY 920206 ajh 0320$85 - 2 - RICHARD S. KELLY, CHAIRMAN RESOLUTION NO. 255 PAGE 3 REPORT REGARDING EXCESS TAX INCREMENT REVENUES (REVISED) This revised Report (this "Report") has been prepared pursuant to paragraph 2 of the Stipulation for Entry of Judgement in Case No. Indio 51143, entitled City of Palm Springs v. All Persons Interested (the "Stipulation"). The purpose of this Report is to set forth facts and projections upon which the Palm Desert Redevelopment Agency may make a finding that certain amounts of tax increment revenues, as identified in this Report, are not and will not be necessary to meet the housing requirements set forth in the Stipulation and more fully described below, and that such tax increment revenues may be pledged on an annual basis to pay annual debt service requirements on long-term obligations of the Agency to finance redevelopment activities other than housing. 1. According to the last equalized assessment roll of the County of Riverside, the assessed value of taxable property in each of the Project Areas of the Agency is a follows: Project Area No. 1, As Amended (Original Territory) - $499,006,235; Project Area No. 1, As Amended (Added Territory) - $ 1, 530, 242,143; Project Area No. 2 - $ 517, 242,143; and Project Area No. 3 - $152,824,265. (The foregoing amount is the 1990-1991 base year assessment roll for Project Area No. 3. The 1991-1992 assessment roll is not available for Project Area No. 3.) Attachment No. 1 to this Report is a document received by the Agency from the County which confirms the above -described amounts. 920206 ajb 0320486 (6) RESOLUTION NO. 255 PAGE 4 2. During the last several fiscal years, the assessed value of taxable property for each of the Project Areas of the Agency has increased as follows: 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 Project Area No. 1 j0riginal Territorv) $300,938,783 329,144,372 360,929,123 394,843,729 437,061,090 483,243,356 499,006,225 Project Area No. 1 (Added Territory) $ 957,469,109 1,044,346,159 1,086,133,538 1,141,345,276 1,278,633,404 1,419,283,078 1,530,242,143 Proiect Area No. 21' $ [Not Available] 102,157,186 [Not Available] 267,444,268 345,058,631 445,125,634 517,746,622 Proiect Area No. 33' $ [Not Available] [Not Available] [Not Available] [Not Available] [Not Available] 152,824,265 [Not Available] The assessed values set forth above for the Original and Added Territory of Project Area No. 1, and for Project Area No. 2, include estimates of State assessed utility property. Attachment No. 2 to this Report are documents received by the Agency from the County which confirm the assessed values of secured and unsecured property. The average percentage increases in assessed valuation of taxable property over the six -year period described above are as follows: for the Original Territory, 8.8%; for the Added Territory, 8.2%; and for Project Area No. 2, 24.7%. Project Area No. 3 was established in 1991; therefore there is as yet no historical basis for comparison. The Redevelopment Plan for Project Area No. 2 established a base year assessment roll of fiscal year 1986-1987. 2 / The Redevelopment Plan for Project Area No. 3 established a base year assessment roll of fiscal year 1990-1991. 920206 yb 0320486 (6) — 2 — RESOLUTION NO. 255 PAGE 5 Existing building permits and other new development projects with plans approved have been examined within both the Original Territory and Added Territory of Project Area No. 1, As Amended, and within Project Area No. 2. Based upon this examination, the Agency anticipates the following construction activity within the Original Territory during the next several years: 1992-1993 $ 5, 950, 608 1993-1994 12,969,250 1994-1995 11, 358,330 1995-1996 5,000, 000 The Agency anticipates the following construction activity within the Added Territory during the next several years: 1992-1993 $26,870,923 1993-1994 8,300,000 1994-1995 1,500,000 The Agency anticipates the following construction activity in Project Area No. 2 over the next several years: 1992-1993 $ 7, 667,102 1993-1994 4,525,000 1994-1995 9,050,000 1995-1996 9,050,000 1996-1997 9,050,000 1997-1998 4,525,000 920206 ajh 0320486 (6) - 3 - RESOLUTION NO. 255 PAGE 6 Assuming that the extraordinary growth of assessed valuation which has been experienced by the City in past years will not continue, the Agency has conservatively estimated the growth of assessed valuation in addition to the anticipated new development to be as follows: in the Original Territory, 4% through 1995-1996, 6% from 1996-1997 through 2004-2005, and 4% from 2005-2006 through 2020-2021; in the Added Territory, 5% through 1995-1996, 7% from 1996-1997 through 2004-2005, and 4% from 2005-2006 through 2020-2021; and in Project Area No. 2, 6% through 1995-1996, 10% from 1996- 1997 through 2004-2005, 7% from 2005-2006 through 2009-2010 and 4% from 2010-2011 through 2020-2021. For purposes of this Report the growth within Project Area No. 3 is assumed to be the gradual buildout of undeveloped areas in accordance with the City's general plan by fiscal year 2006-2007, together with a growth rate of 4%. The projected rates of growth for the Original Territory for the first several years were selected at levels which are less than either the Added Territory or Project Area No. 2 because the remaining undeveloped land in the Original Territory is much Tess than that which remains in either the Added Territory or in Project Area No. 2. Also, the Original Territory may be characterized as primarily commercial, and therefore not subject to the same frequency of resale and reassessment as residential property. The expectations of City and Agency staff are that more undeveloped land in Project Area No. 2 will be developed in the near future than will be the case in the Added Territory. Large-scale housing developments are anticipated in both the 920206 aajb a320486 (6) — 4 RESOLUTION NO. 255 PAGE 7 Added Territory and in Project Area No. 2. Because of the lack of historical information related to Project Area No. 3, and because there is relatively lithe undeveloped land in Project Area No. 3, a more conservative growth rate of only 4% has been assumed. Based upon the foregoing, the future assessed value of taxable property in each of the Project Areas is projected as follows: 920206 a* 0320486 (6) — 5 RESOLUTION NO. 255 PAGE 8 Fiscal Year 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 924206 g10320486 (6) Project Area No. 1 (Oriainal Territorvt 461,107,270 485,502,169 517,891,506 549,965,496 576,964,116 611,581,963 648,276,880 687,173,493 728,403,903 772,108,137 818,434,625 867,540,703 919,593,145 974,768,733 1,013,759,483 1,054,309,862 1,096,482,257 1,140,341,547 1,185,955,209 1,233,393,417 1,282,729,154 1,334,038,320 1,387,399,853 1,442,895,847 1,500,611,681 1,560,636,148 1,623,061,594 1,687,984,058 1,755,503,420 1,825,723,557 Project Area No. 1 (Added Territory), 1,516,314,489 1,619,001,136 1,708,251,193 1,795,163,753 1,884,921,941 2,016,866,476 2,158,047,130 2,309,110,429 2,470,748,159 2,643,700,530 2,828,759,567 3,026,772,737 3,238,646,828 3,465,352,106 3,603,966,191 3,748,124,838 3,898,049,832 4,053,971,825 4,216,130, 698 4,384,775,926 4,560,166,963 4,742,573,642 4,932,276,587 5,129,567,651 5,334,750,357 5,548,140,371 5,770,065,986 6,000,868,625 6,240,903,370 6,490,539,505 — 6 — Proiect Area No. 2 Proiect Area No. 3 515,985,988 554,612,249 592,413,984 637,008,823 684,279,353 761,757,288 842,458,017 926,703,818 1,019,374,200 1,121,311,620 1,233,442,782 1,356,787,061 1,492,465,767 1,641,712,343 1,756,632,207 1,879,596,462 2,011,168,214 2,151,949,989 2,302,586,488 2,394,689,948 2,490,477,546 2,590,096,648 2,693,700,514 2,801,448,534 2,913,506,475 3,030,046,734 3,151,248,604 3,277,298,548 3,408,390,490 3,544,726,110 158,703,458 180,947,310 206,736,201 231,529,331 246,155,567 261,428,148 277,374,816 294,024,482 308,001,023 322,605,832 336,942,741 351,881,780 367,447,608 383,665,880 400,563,290 418,167,612 434,573,389 451,628,979 469,360,246 487,794,086 506,958,468 526,882,478 547,596,361 569,131,572 591,520,818 614,798,113 638,998,830 664,159,751 690,319,128 717,516,740 RESOLUTION NO. 255 PAGE 9 3. The base year assessment roll for each of the Project Areas is as follows: Project Area No. 1 (Original Territory) - $23,899,228; Project Area No. 1 (Added Territory) - $634,347,644; Project Area No. 2 - $102,157,186; and Project Area No. 3 - $152,824,265. For purposes of this Report, a basic tax rate levy of only 1.00 has been assumed for the Added Territory, for Project Area No. 2 and for Project Area No. 3. In the Original Territory, however, where there are no existing pass -through agreements with taxing agencies and where there are certain override tax rates which should be applied on behalf of the Agency, a tax rate of 1.09 has been assumed until fiscal year 2003-2004. Such tax rates levied on the projected incremental increase in assessed valuation of taxable property would produce tax increment revenues as follows: 920206 ajh 0320486 (6) - 7 - RESOLUTION NO. 255 . PAGE 10 Project Area No. 1 Project Area No. 2 Fiscal Year (0riainal Territory) (Added Territory) Proiect Area No. 2 Proiect Area No. 3 1991-92 5,145,787 8,747,491 4,155,407 1992-93 5,413,977 9,774,358 4,542,003 281,230 1993-94 5,763,533 10,666,858 4,920,020 539,119 1994-95 6,112,897 11,535,984 5,365,969 787,051 1995-96 6,409,207 12,433,566 5,838,674 933,313 1996-97 6,789,136 13,753,011 6,613,453 1,086,039 1997-98 7,191,865 15,164,818 7,420,461 1,245,506 1998-99 7,618,755 16,675,451 8,262,919 1,412,002 1999-00 8,071,259 18,291,828 9,189,623 1,551,768 2000-01 8,550,913 20,021,352 10,208,997 1,697,816 2001-02 9,059,346 21,871,942 11,330,308 1,841,185 2002-03 9,598,285 23,852,074 12,563,751 1,990,575 2003-04 10,169,561 25,970,815 13,920,538 2,146,233 2004-05 9,851,512 28,237,867 15,413,004 2,308,416 2005-06 10,241,419 29,624,008 16,562,203 2,477,390 2006-07 10,646,923 31,065,595 17,791,845 2,653,433 2007-08 11,068,647 32,564,845 19,107,563 2,817,491 2008-09 11,507,240 34,124,065 20,515,380 2,988,047 2009-10 11,963,377 35,745,653 22,021,745 3,165,360 2010-11 12,437,759 37,432,106 22,942,780 3,349,698 2011-12 12,931,116 39,186,016 23,900,656 3,541,342 2012-13 13,444,208 41,010,083 24,896,847 3,740,582 2013-14 13,977,823 42,907,112 25,932,886 3,947,721 2014-15 14,532,783 44,880,023 27,010,366 4,163,073 2015-16 15,109,941 46,931,850 28,130,945 4,386,966 2016-17 15,710,186 49,065,750 29,296,348 4,619,738 2017-18 16,334,441 51,285,006 30,508,367 4,861,746 2018-19 16,983,665 53,593,033 31,768,866 5,113,355 2019-20 17,658,859 55,993,380 33,079,785 5,374,949 2020-21 18,361,060 58,489,741 34,443,142 5,646,925 920206 ail 01320486 (6) — 8 — RESOLUTION NO. 255 PAGE 11 The amounts of tax increment revenues to be set aside into the Low and Moderate Income Housing Fund of the Agency pursuant to Health and Safety Code Sections 33334.2 and 33334.6 are as follows: 920206 41 0320486 (6) - 9 - RESOLUTION NO. 255 PAGE 12 Fiscal Project Area No. 1 Year (Original and Added) Proiect Area No. 2 Proiect Area No. 3 Total 1991-92 2,137,571 831,148 -0- 2,968,719 1992-93 2,400,947 908,401 56,246 3,365,593 1993-94 2,660,349 984,004 107,824 3,752,177 1994-95 2,912,034 1,073,194 157,410 4,142,638 1995-96 3,154,739 1,167,735 186,663 4,509,136 1996-97 3,501,213 1,322,691 217,208 5,041,111 1997-98 3,872,174 1,484,092 249,101 5,605,367 1998-99 4,268,216 1,652,584 282,400 6,203,200 1999-00 4,691,043 1,837,925 310,354 6,839,321 2000-01 5,142,471 2,041,799 339,563 7,523,834 2001-02 5,624,445 2,266,062 368,237 8,258,743 2002-03 6,139,037 2,512,750 398,115 9,049,903 2003-04 6,688,466 2,784,108 429,247 9,901,821 2004-05 7,071,906 3,082,601 461,683 10,616,190 2005-06 7,434,914 3,312,441 495,478 11,242,833 2006-07 7,812,442 3,558,369 530,687 11,901,498 2007-08 8,948,071 3,821,513 563,498 13,333,082 2008-09 9,356,406 4,103,076 597,689 14,057,091 2009-10 9,781,074 4,404,349 633,072 14,818,495 2010-11 10,222,728 4,588,556 669,940 15,481,224 2011-12 10,682,049 4,760,131 708,268 16,170,448 2012-13 11,159,742 4,979,369 748,116 16,087,226 2013-14 11,656,544 5,186,577 789,544 17,632,665 2014-15 12,173,217 5,402,073 832,615 18,407,905 2015-16 12,710,557 5,626,189 877,393 19,214,139 2016-17 13,269,391 5,859,270 923,948 20,052,608 2017-18 13,850,578 6,101,673 972,349 20,924,601 2018-19 14,445,013 6,353,773 1,022,671 21,831,457 2019-20 15,083,625 6,615,957 1,074,990 22,774,572 2020-21 15,737,382 6,888,628 1,129,385 23,755,395 920206 ab 0320486 (6) — 10 — RESOLUTION NO. 255 PAGE 13 Amounts necessary to pay annual debt service for prior indebtedness of the Low and Moderate Income Housing Fund have been subtracted from the column labeled "Project Area No. 1" on the preceding page. Attachment No. 7 to this Report are tables which set forth the projected tax increment revenues and the amounts to be set aside on an annual basis into the Low and Moderate Income Housing Fund. 4. Under paragraph 1 of the Stipulation, the Agency is obligated to acquire by December 31, 1992, not less than 21 housing units to be occupied by and available at affordable housing costs to very low income households and not less than 78 housing units to be occupied by and available at affordable housing costs to lower income households. To date, the Agency has acquired 148 of such very low income units and 148 of such lower income units. In addition, the Agency is obligated to acquire, develop or rehabilitate by December 31, 1995, 366 housing units to be occupied by and available at affordable housing costs to very low income households, 367 housing units to be occupied by and available at affordable housing cost to lower income households, and 367 housing units to be occupied by and available at affordable housing cost to moderate income households. In addition, upon completion of the acquisition, development or rehabilitation of the required housing units and upon their reaching a 90 percent occupancy level, the Agency is obligated to acquire, develop or rehabilitate 100 housing units to be occupied by and available at affordable housing cost to very low income households and 60 housing units to be occupied by and available at affordable housing cost to lower income households. 920206 ajh 0320486 (6) RESOLUTION NO. 255 PAGE 14 5. Attachment No. 3 to this Report is a copy of the existing and future housing needs for very low, lower and moderate income households in the City of Palm Desert as forecast by the Southern California Association of Governments. Attachment No. 4 to this Report is a copy of the existing and future housing needs for such households as set forth in the Housing Element of the General Plan of the City, which has been revised in accordance with Government Code Section 65588(b). Based upon the 1989-1994 Required Housing Need Assessment of the Southern California Association of Governments and the Housing Element of the General Plan of the City, the projected existing and future housing needs for such households are as follows: 920206 ajh 0320486 (6) - 12 - RESOLUTION NO. 255 PAGE 15 Very Low Lower Moderate 1990-1991 195 234 85 1991-1992 195 234 85 1992-1993 195 234 85 1993-1994 195 234 85 1994-1995 33 41 38 1995-1996 34 40 37 1996-1997 33 41 38 1997-1998 34 40 37 1998-1999 33 41 38 1999-2000 34 41 37 2000-2001 28 35 33 2001-2002 29 34 32 2002-2003 28 35 32 2003-2004 29 34 32 2004-2005 28 35 32 2005-2006 29 34 32 2006-2007 28 35 32 2007-2008 29 34 32 2008-2009 28 35 32 2009-2010 29 34 32 2010-2011 13 16 15 2011-2012 13 16 15 2012-2013 13 16 15 2013-2014 13 16 15 2014-2015 13 16 15 2015-2016 13 16 15 2016-2017 13 16 15 2017-2018 13 16 15 2018-2019 13 16 15 2019-2020 13 16 15 2020-2021 13 16 15 TOTAL 1,409 1,701 1,051 = 4,161 920206 ajh 0320486 (6) — 13 — RESOLUTION NO. 255 PAGE 16 6. Attachment No. 5 to this Report is an analysis which as been prepared with the cooperation of the Riverside County Housing Authority. Exhibits 1, 2 and 3 to Attachment No. 5 are operating "pro formas" which reflect actual experience of the Housing Authority. Exhibit 4 to Attachment No. 5 sets forth the total estimated amounts necessary to subsidize housing available at affordable cost to households at the more restrictive income levels for applicable time periods set forth in the Stipulation. Those income levels require that for housing units to be made available to very low income households, at least one-third of the housing units shall be affordable to households with 35 percent or Tess of median income, with the remainder affordable to households with 45 percent or less of median income. Those income levels require that for housing units to be made available to lower income households, at least one-third of the housing units shall be affordable to households with 55 percent or less of median income, one-third to households with 65 percent or less of median income and the remainder to households with 75 percent or Tess of median income. These income levels further require that for housing until to be make available to moderate income households, the units shall be at least affordable to moderate income households who cannot afford housing at market rates. The estimates set forth in Exhibit 4 to Attachment No. 5 are in turn based upon the actual experience of the Housing Authority as reflected in Exhibits 1, 2 and 3. The analysis in Exhibit 4 to Attachment No. 5 also takes into account the costs of developing, maintaining and managing the housing units. Based upon the estimates and projections set forth in Attachment No. 5, the 920206 .PI 0320486 (6) - 14 - RESOLUTION NO. 255 PAGE 17 estimated total amounts necessary to meet the obligations of the Agency to acquire, develop or rehabilitate housing units for occupancy by households at the income levels specified above, as compared to amounts available in the Low and Moderate Income Housing Fund to meet those obligations, is as follows: 920206 ail 0320486 (6) — 15 — RESOLUTION NO. 255 PAGE 13 Annual Housing Obligations for All Income Levels 1991-1992 $ 4,265,263 1992-1993 2,855,420 1993-1994 3,780,453 1994-1995 4,482,434 1995-1996 4,099,461 1996-1997 5,259,197 1997-1998 6,418,239 1998-1999 6,353,920 1999-2000 7,510,440 2000-2001 8,668,900 2001-2002 8,592,064 2002-2003 8,530,939 2003-2004 9,685,404 2004-2005 9,613,911 2005-2006 10,766,132 2006-2007 11,919,376 2007-2008 13,069,682 2008-2009 12,997,373 2009-2010 14,145,098 2010-2011 14,070,485 2011-2012 15,220,126 2012-2013 16,370,987 2013-2014 17,516,559 2014-2015 17,445,958 2015-2016 18,651,644 2016-2017 18,515,279 2017-2018 19,665,376 2018-2019 21,054,808 2019-2020 21,054,808 2020-2021 22,280,008 TOTALS: $354,859,744 Annual Set -Aside $ 10,808,719 3,365,593 3,753,612 4,144,788 4,511,397 5,043,514 5,607,921 6,205,914 6,842,204 7,526,897 8,261,997 9,053,359 9,717,464 10,616,190 11,242,833 11,901,498 13,333,082 14,057,091 14,818,495 15,481,224 16,170,448 16,887,228 17,632,665 18,407,905 19,214,139 20,052,608 20,924,601 21,831,457 22,774,572 23,755,395 $373,937,809 420206 aajb 0320186 (6) — 16 — RESOLUTION NO. 255 PAGE 19 This column on the previous page labeled "Annual Housing Obligations for All Income Levels" reflects the total annual required payment for housing units for occupancy at the more restrictive income levels specified in the Stipulation (i.e., 35, 45, 55, 65 and 75 percent of median income). Exhibits 1-4 of Attachment No. 5 provided the basis for such column. The column on the previous page labeled "Annual Set -Aside" includes a beginning surplus balance of $7,846,741. Because of the difficulty in estimating the cash flows in and out of the fund, no investment earnings have been assumed. Attachment No. 6 to this Report is a present value calculation of the projected cost of the housing requirements of the Stipulation together with a present value calculation of the projected available revenues from the Agency's Low and Moderate Income Housing Fund. As shown on Attachment No. 6, from both a cumulative total and present value standpoint the Agency will have more than sufficient funds to meet the housing requirements. Based upon the foregoing analysis of past, current and projected future assessed values of taxable property in all Project Areas of the City, tax increment revenues set aside into the Low and Moderate Income Housing Fund of the Agency will be more than sufficient to meet the obligations of the Agency under the Stipulation. The Agency proposes to amend its existing pass -through agreements with the taxing agencies in the Added Territory. Among the tables set forth in Attachment No. 7 are tables which show the distribution of tax increment revenues from each of the Project Areas, taking into account the set -aside requirements, the provisions of the proposed pass -through agreements and the 920206 ajh 0320486 (6) - 17 - RESOLUTION NO. 255 PAGE 20 growth rates described on page 4 of this Report. After making the required set - asides into the Low and Moderate Income Housing Fund from tax increment revenues paid to the Agency through fiscal year 1996-1997, and after deducting debt service requirements on existing indebtedness and obligations to taxing agencies, the surplus revenues of the Agency for each of the Project Areas is as follows: Project Area No. 1 (Original Territory) Project Area No. 1 (Added Territory) Project Area No. 2 Project Area No. 1 (Original Territory) Project Area No. 1 (Added Territory) Project Area No. 2 Projected Annual Tax Increments Available for Other Redevelopment Activities in 1991- 1992 1 $4,013,714 $4,095,972 $1,962,314 Projected Annual Tax Increments Available for Other Redevelopment Activities in 1992- 1993" $4,222,902 $4,447,81 1 $2,236,026 Deductions for Annual Debt Service Requirement on Prior Indebtedness for Other Redevelopment Activities $2,752,025 $2,352,618 -0- Deductions for Annual Debt Service Requirement on Prior Indebtedness for Other Redevelopment Activities $2,750,965 $2,355,501 -0- Surplus $1,261,689 $1,743,354 $1,962,314 Surplus $1,471,937 $2,093,310 $2,236,026 1/ Net of required payments to the Agency's Low and Moderate Income Housing Fund. Also net of actual and proposed pass -through obligations to taxing agencies. See Attachment No. 7. 920206 yh 0320486 (6) — 18 — RESOLUTION NO. 255 PAGE 21 Project Area No. 1 (Original Territory) Project Area No. 1 (Added Territory) Project Area No. 2 Deductions for Annual Projected Annual Tax Debt Service Increments Available for Requirement on Prior Other Redevelopment Indebtedness for Other Activities in 1993- Redevelopment 19941' Activities Surplus S4,495,556 S2,749,585 S1,745,973 $4,748,843 S2,353,861 S2,394,982 $2,422,126 -0- $2,422,126 Deductions for Annual Projected Annual Tax Debt Service Increments Available for Requirement on Prior Other Redevelopment Indebtedness for Other Activities in 1994- Redevelopment 1995" Activities Surolus Project Area No. 1 $4,768,060 $2,752,505 $2,015,555 (Original Territory) Project Area No. 1 $5,041,991 $2,352,646 $2,689,345 (Added Territory) Project Area No. 2 $2,641,666 -0- $2,641,666 1/ Net of required payments to the Agency's Low and Moderate Income Housing Fund. Also net of actual and proposed pass -through obligations to taxing agencies. See Attachment No. 7. 920206 .jb 0320486 (6) - 19 — RESOLUTION NO. 255 PAGE 22 Project Area No. 1 (Original Territory) Project Area No. 1 (Added Territory) Project Area No. 2 Project Area No. 1 (Original Territory) Project Area No. 1 (Added Territory) Project Area No. 2 Deductions for Annual Projected Annual Tax Debt Service Increments Available for Requirement on Prior Other Redevelopment Indebtedness for Other Activities in 1995- Redevelopment 199612 Activities Surplus S4,999,182 $2,760,470 S2,238,712 $5,344,736 S2,361,466 $2,983,270 S2,874,379 -0- $2,874,379 Deductions for Annual Projected Annual Tax Debt Service Increments Available for Requirement on Prior Other Redevelopment Indebtedness for Other Activities in 1996- Redevelopment 1997" Activities Sur h.is $5,295,528 $2,765,535 $2,529,993 $5,789,773 $2,362,671 $3,427,102 $1,636,239 -0- $1,636,239 1/ Net of required payments to the Agency's Low and Moderate Income Housing Fund. Also net of actual and proposed pass -through obligations to taxing agencies. See Attachment No. 7. 920206 AA 0320486 (6) - 20 — RESOLUTION NO. 255 PAGE 23 The amounts of surplus described on the foregoing tables are projected through fiscal year 1996-1997 because the Agency may incur indebtedness which is based upon the tax increment revenues as anticipated in 1996-1997. For example, the Agency may issue long-term bonds and place a portion of the proceeds in an escrow. The proceeds placed in the escrow would only be withdrawn by the Agency in the future if the future tax increment revenues allocated to the Agency met the projections. If the projections were not met, the tax increment revenues would not support the debt represented by the proceeds of the bonds placed in the escrow, and those proceeds would then be used to call and redeem a like principal amount of bonds prior to their stated maturity date. Pending their withdrawal from the escrow (either for the purpose of expenditure by the Agency or for the purpose of call and redemption of bonds) those proceeds would be invested at a rate of interest sufficient to pay interest on the bonds from which the escrowed proceeds were derived. The amounts of tax increment revenues proposed to be paid to taxing agencies and the amounts of surplus described on the foregoing tables constitute "excess tax increments" within the meaning of that term under paragraph 2 of the Stipulation, and are not and will not be necessary to meet the housing requirements set forth in paragraph 1.a, b and c of the Stipulation with respect to Project Areas Nos. 1 and 2, and are not and will not be necessary to meet the housing requirements set forth in paragraph 1.d of the Stipulation with respect to Project Area No. 2. Long-term obligations (including, without limitation, bonds, notes and other evidences of indebtedness) of the Agency to finance 920206 ails 0320486 (6) - 21 - RESOLUTION NO. 255 PAGE 24 redevelopment activities unrelated to affordable housing which are payable on an annual basis from such amounts will constitute "prior indebtedness" within the meaning of that term under paragraph 2 of the Stipulation. 920206 .jb 0320386 (6) - 22 - RESOLUTION NO„..,,2 PAGE 25 County of Riverside Office of County Auditor -Controller County Administrative Center 4)80 Lemon Street. llth Floor Riverside. CA 92501.3652 17141 275.3800 January 02, 1991 Mr. Carlos L. Ortega Executive Director Palm Desert Redevelopment Agency 73-510 Fred Waring Drive Palm Desert. CA 92260 JAN Q Anthony J. BelIanca. C P.\ And.tui-_ "' llcr Richard E. Acevedo, CPA Aaautant Audttor..' ntrolkr Dear Mr. Ortega. In accordance with Health and Safety Code. Section 33328, we submit the following fiscal information for Palm Desert Redevelopment Project #3. Exhibit A - Total Assessed Valuation of Taxable Property within the Project Area for the 1990-91 Base Year. Exhibit B - Affected Taxing Entities Exhibit C - Est}mated Property Tax Revenue for each Affected Taxing Entity from Base Year Assessments (within the Project Area). Exhibit D - Estimated Property Tax Revenue for each Affected Taxing Entity for the 1990-91 Fiscal Year (within and without the Project Area). Exhibit E - Estimated First Year Taxes available to the Redevelopment Agency broken down by Taxing Agencies. Exhibit F - Assessed Valuation of Taxable property within the Project Area for Fiscal Year 1989-90. If you have any questions, please contact Randy Jensen of our office at (714)275-3825. Sincerely. Anthony J. Bellanca Auditor -Controller eor-1 By: Raymond L. Boyer Deputy Auditor -Controller AJB:RLB:ms cc: Supervisor L rson County Administrative Office County Counsel County Assessor All Affected Taxing Entities st298 PAGE 26 RESOLUTION NO. 255 PALM DESERT REDEVELOPMENT AGENCY Palm Desert Project Area No. 3 Total Assessed Valuation of Taxable Property Within the Project Area 1990-91 Base Year Secured $141,135.376 Unsecured 114688,889. State Board of Equalization See Note Total $153,824.261 Exhibit A Note: State Board of Equalization Values for 1990-91 within the Project area are not currently available. Health and Safety Code 33328A RESOLUTION NO. 255 PACE 27 PALM DESERT REDEVELOPMENT AGENCY Palm Desert Project Area No. 3 Estimated Property Tax Revenue for Each Affected Taxing Entity From 1990-91 Base Year Assessments Exhibit C Affected Taxing Entity % of Taxes Amount of Taxes County of Riverside .2482 $ 379,310 County Free Library .0265 40.498 County Structure Fire .0602 92,000 City of Palm Desert .0535 81.761 Desert Sands Unified .3714 567,589 x Desert Community College .0772 117.980 'County Superintendent of Schools .0435 66.479 Coachella Valley Cemetery .0035 5,349 Coachella Valley Mosquito .0140 21.395 Coachella Valley Recreation .0212 32,399 Coachella Valley Water .0694 106.060 Coachella Valley Resource .0003 458 Desert Hospital .0111 16,965 TOTAL 1 )1.528_243 Note: Above amounts represent the General Levy (it) only and do not include taxes from the State Board of Equalization Roll or debt service. Health and Safety Code 33328C RESOLUTION NO. 255 PAGE 28 PALM DESERT REDEVELOPMENT AGENCY Palm Desert Project Area No. 3 Assessed Valuation of Taxable Property Within the Project Area for Fiscal Year 1989-90 Exhibit F Secured See Note Unsecured See Note TOTAL ;ee Note NOTE: Information not available at this time. Health and Safety Code 33328F LOCAL ..rLUA.D o.I L UNSECURED WRAF) 10IA1 AlTACf1MLi1, pig,. 1 _COUNTY OF RIVERSIDE .11-251i21 _ PALM DESERT REDEVEL PROJECT 1 . _ . REDEVELOPMENT PROJECT INCRESEN( OF ASSESSED DISTRICT VALUE_ I1iR FISCAL VEAL 1491-92 LAND. PE-L-._-I-- . RSCNA'L.PA3PEREI SU$1NeSS INVENIuma OTHER EXEMPTIONS . GROSS IMMUNISER E aEPt101! NET�ISSESiTD DOSINCSS_1NYENIONY EIIUMPIIWN_ ?-fAxABLE dliENEpNTS .- _-vL SOIJAt aa'EIT . . HUSIMESS NYE Y UTHfEERyyEENXEMPTIIN(S LUniNCSSRL NY WIUAIAYMEXERP1ION p1p016pYyya�fitipTSpp�� ppl�yy DUSiI1tS. INVENTORY UIHER FXFMPTI(V S HJNEUYNLR XElPTIJN UOS1N:S4 MINATORY EXEMPTION LAND Ii1P2OVE LNTS P`RS..NAL PMW UfYY OUS1P SS INVENTORY ,ITh_R E)Ltt T1TIK4 DOM.UdNEN L X:_NP T LTIA dOSIPLSS IVY.NIJKY EXEMPTIa1M •6• GROSS NET ASSESSED NET TAKADLU GROSS NFT ASSESSED NEI 1AXAiLc GRUSS NET ASSE.SSE.D NE 1 TAX ANL CUKRI1AI_YIAR 143.4574111 Z53.40p4.112 . 24214.331 339.075.674. 199..015.674 49.000__ - 199.026.614 _. 77.667 3144114556_. _3044634220 61.94Z,q44y4y113 61.11414:ni 143,534,8.38 ;1J4,d0'i r 11R 3:,6714551 4b1.l:ldrll( 41.942 �1 ' 460./011� 41 0,921,173 IRFDYA3io1 ADJUSTED RASE - _ ._ 13. b99. 2 48 104060.452 2094578 23.969.228 ___2349694226 _ I0.000 23.899..22d ANCREME MT ._ _ _ I24.T5T.923 _ 2410.3439720 _ 20114003 315.1011.4 6d -. 375.106.4 WE - __21.000-- 37S.321.4 46_ 1.4124764_.,_ 240444352 3.517.116 SOg 3.516.608 3.016,60U_ 13, 99r244 /145314216 r2 53.%r30 .:J4466.:i44 F0W 71.4upj70l�j 110 21,415.636 29.928:192 28441848 68 __ 58.4257,3 2? 5K,377,8 9i 58.377019 1_ 1;9.835.5 90 2 3r2/2.5 12 .4_J,6 71 4334531,T73 L%l.411:�..- 433.50543.39 'ON NOIZIIZOS2II (17L1(701ET, mitostril ET P ICiliviur FT P1(19'ilh la V996191 T� �1664!80T 6T 61Z161SZ 61 61ZT61SZ 61 61Z1615Z ('r - RESOLUTION NO. - _ 11111Y/13v! qqn•'r 1 ttZZn66T' S1 c o' z'rr0'9l i 9411'16101 1Q' 'Lr 616'ZT1'SZ 6I0MOISZ 941e6.9V09i1Itp6T . t _'PVYvl 1304 n.AS53SSV l3N SS3M9 lieu}vl 11N 07tr53$Sv 13N SS V19 Il TIr xvl 13N C:IT S3 SSv 13N SUM 311tl111/1 13N 03$53S$V 130_ s v, WI1dM3X3 OHM :ANI S71i1' fd' Nblldk'Y - eiN1,'INAnN NN %NNoIIdW' NT?NU AAIFNJCrr lYK(hS?S+1 A S ill1II AC^^Ni ♦♦♦ NC11dk31f4 AmnIN,AN1 SS1NTSnn NtT1 d43X' i13NNr13M•4 SNO11J4;Y3 N3Nlf1 AL1O1N3AN1 5s-2NTsnt 14111351703 A 1p3i--- GNT7. NOl!dM3X3NOUi111U3X11IM#NN0ISnl 31 ou ��{{SNO;1JN7x? 11201p AAlAU3dC8a SThCFAIld apvi Hall ""N[A1II7i 10?114ARC11 --SNrT1JN1X3 N1N111 - A IC1N311NT SSleffsns AJl73JS1N3N3 }S11II1 - ONVT .6-.661 Mv3A 1V3TI3 1104_ 3111!A .03S135SV 10 1N44-11j)NI 4)3rt-dd 1N341dD1 IaU3I - Z. 1G}j 1$3S3Q Nlv3 ±fj$?-ZO 31TISN?ATM =l0 AlNfO) - 1 'ON LNIIUIJVLIV l'. I f. ! 1111111) 7 S N n -19f ^,77 -11 RESOLUTION NO. 255 PAGE 31 COUNTY OF ILVERSlOII 4T4QQ 4 a M.4.+ 4.j..0, d A larno 'OMNI n+ ,..4bt' IN1Cr••14 d MMO 6f11R0.N 101 ?!1N ",...4/7 Id I. a r ryry I I ▪ bd" 34 tN�QQO I.•1 1I M ▪ .I,1m 'M•••J.IT 4 oe n-10 1C11101r1 nt rf.• m =MN 1.NMO ,n; PALM DE ;CRT REDY 81 ANX (RE)YAt10) YEAR ADJUSTED 4 era I $1 1 IR 1 ,A ► s s • s • I--N' arin :w • 4, 1 0.. .J11., I ...14hMr1 1 C41.4.. 1....41r1 1 i : ,nArO 00 1tM J ► il 1 �. �� O1 { . L I'lw ,1Q ¢ im 1\ ,\ .1. �•\ I l R a ; Igo I��J]J 1,10 1. 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V �'' 5SZ 'ON NOILIMS321 • ATTACHMENT NO. 2 0 z z M COUNTY OF RIVERSIDE -- H i t W .'\L1 ,1- :. aT RL:UV 12 ANx 4i REDEVELOPMENT PROJECT 1 JCktMENT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR 1906-67 (REDVA110) • a 0 L ‘A) •.i l 171\11._ 1NV=NrLRY :.I • <. 4PT TUNS " ;41 t •:xL MPTIJ1 :t0;,IN-S.i INVENTORY EXEMPTION I`h'- ;VC`; :ANTS r'Qur'c.J.TY INV.=NTORY JIr+ fi cX=MPTION3 II tip ';rfr4.-. Xt.-110TI(IN • '.;1+I .; INV _ UJRY :XL9l'T1 :N LA a.) P.=RSUNAL PROPERTY t ��1N SS 1NV;NTJRY i,+ t LXLMPTIJNS Ih +-.'A'•It +i HXLMPTION Iti1SIN-SS INVFNTORY EXEMPTION I AAh 11PRJVEMENTS I' ' _JNAL P+i�PL'1.TY WISINESS INVENTORY EXEMPTIONS Il.)MEOWNER EXEMPTION ',1N_S, INV"NTLIRY 12XEMPTI.N CURR-NT YEAR ADJUSTED BASE 316,504,535 180,117,395 725,337,245 478,289,147 2,097,316 2,020,190 GROSS 1,046,439,096 660,426,732 NET ASS-SSL-D 1,037,532,243 6553 40838,544 17,073,314 18,584,400 N=T TAXA:ILii 1,017,653,929 636,254,144 45,300 22,500 19,771,410 10,575,660 63,220 68,450 .;R ASS 1)094,930 `394,930 10,066,610 ;1.T ASS_33E0 19,6d4,930 10,656,610 NET TAXABLE 19,884,930 10,666,610 9,985 1,038,160 467,147 6,102,033 3,210,066 GROSS 7,150,178 3,677, 13g NET ASSESSED 6,802,300 3,133, 915 NET TAXABLL NET ASS:-SSLJ NET TAXABLE 6,802,300 3,133,015 31'1,559,820 180,139,895 746,6469815 489, 3311,954 d,2o7,569 5,298,706 1,073,474,204 674,770,555 9,254,731 6,1 2,386 1,0,.,219,473 660,638,169 19,873,314 18,584,400 1,044,346,159 650,053,769 INCREMENT 138,387,140 247,54 ,098 77,126 386,012,364 3,3118,665 382,693,699 1,288,914 381,404,785 22,800 9,195,750 230- 9,218,320 9,218,320 9,218,320 9,985 571013 2,891,967 3,472,965 196,32p- 3,669,285 3,669,285 257;314,'861 2,968,863 398, 03,649 3, 22,345 395, 81,304 1,288,914 394,292,390 ATTACHMENT NO. 2 COUNTY OF RIVERSIDE PALM DESERT REUV 82 ANX REDEVELOPMENT PROJECT INCREMENT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR 1987-88 IMPROVEMENTS PERSONAL PROPERTY BUSINESS INVENTORY OTHER EXEMPTIONS HOMEOWNER EXEMPTION tUSINESS INVENTORY EXEMPTION LAND I.1PRt]VEMENTS PERSONAL PROPERTY &JSINtSS INVENTORY Ufr1ER EXEMPTIONS HOMEOWNER EXEMPTION BUSINESS INVENTORY EXEMPTION LAND IMPROVEMENTS PERSONAL PROPERTY BUSINESS INVENTORY OTHER EXEMPTIONS HOMEOWNER EXEMPTION BUSINESS INVENTORY EXEMPTION LAND IMPROVEMENTS PERSONAL PROPERTY BUSINESS INVENTORY OTHER EXEMPTIONS HOMEOWNER EXEMPTION HUSINESS INVENTORY EXEMPTION d bd GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE (REDVA110) CURRENT YEAR ADJUSTED BASE 45,164067 2,069,091 1r103, 62,753 22,459,781 1,080,702r972 20, 06,54 1,059096,429 45,300 19,906,190 44,1770 19,995,660 19,995,660 19,995,660 229614261q49 5,718g26i733 6062046 420097 6,141,449 6,141,449 325,971,709 795,900,756 r 847 r 994 1,129,720,459 22,880,378 1,106, 840,081 20r706,543 1,086,133,530 678, 289, i 90 660, 2bbb88, 32 6554, 88g38, 4 18,584r400 636r254,144 22,500 10,5751660 68,450 10,666r610 10,666,610 10,6661610 3,133,015 180,139,895 489,33 ,954 298, 7 6 6741770055 6,132,386 668,638,169 16,584,400 INCREMENT 145,786,400 296,850p720 68,901 412,736,0210 6, 7193 45,864,428 2,122,143 423,742,285 22,600 9,330,530 24,280- 9,329,050 9029,050 9,329,050 222,61442 3572 2,884,833 1123,601- 3,008, 434 3,008,434 145, 831, 814 306,68r82 2t549,286 454,9 9,904 16,747,992 438,20 ,912 2,122,14 3 650,053,769 436,079,769 •ON NOIZII1OSa/1 RESOLUTION NO. 255 PAGE 3 7 c.: ATTACHMENT NO COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT PALM DESERT REDEVEL PROJECT 1 N ,n (REDVA110) INCREMENT 1 1 P•WM m 00 en 000 N•00 P O 0 O MNN 10.0M 00 O 04140 Pr 0" �DO•J 1f1 {{1N 1� .tNM O► O 0 N`t•"f • • • ► • ► ►► !•NM I J 4 Ma . Po {n 1f1 1t1 M a N N w WNW N 4MN < N m ap ►•• O 0.40 W 4 ON ►► 0 MO • ...our 0 oc 1t10.af 1►NfM1 W 0.4w • • • MWM 41.114. Z tw1 W • • to. OC OM 23,969,22E 278028,226 1 N 0 a NET ASSESSED NO NO •• • N 400 No NO •► N4 • fa ti EXEMPTIONS 2 230899,228 278079,226 NET TAXABLE 000 NEON •►• 4MN NOti aNM •• NM 000 v4� is. •• aNW 1.-MM M�pN • 1f1 32 , 541 ,830 3,700,400 36,242,230 Y oc 4- 0 WZ a W NO > ►oc Z zap W = J N `s Z W 00Z Zeft=1,1 32,541,830 3,700,400 36,242,230 GROSS NET ASSESSED OTHER EXEMPTIONS 32,541,030 3,700,400 36,242,230 z 0 a Z w W 2 0). -0 WZ WW WZ WN Z v1 Oz W'�• =0n St NET TAXABLE 05.44 MOON 4PN •►► CONa LL� NIc1 •• d�A Na maN • • ► MMM10 !� 4 • • a a J r •MI .OfDM�O00 •01t1 ./ P.M 0Mf1.0 (f��•. ��. • so Po 4 M •• • • aN M M W WPC MNI► iII 0 MnlcW1 Nor 44 •• Nof u1 0 oc OTHER EXEMPTIONS NET ASSESSED 41,693,192 39516,60E 45,2090800 6 Z OY oreg 1-0 W W x> WZ 20 s:u OZ w -. � y O NET TAXABLE 1 �e+oPo aa00 0.40 1c1MN0 NNO. 4400 ►•► ►••► O N M0"4a 0 44 NM ►►► ► 0 IMP"/ Ok PrNN N N N M M f40 4/..0 PM 4 ►•• NMN ONTO • • • MMM .• a •m.00 I mmo PsoN0 • •► 42 NO0 m Cleft • • ..f M-f M M 11N0.40 O.MMO aO.NO • • • • 00M00k NM m4 Oa r 0 0 �O �O M V1 0 ac OTrER EXEMPTIONS NET ASSESSED 329,215,020 31,1161236 360,331,256 •g Z 0 2- ti Cg 1+0 1— ZZ W W X> WZ WO ZIA = Lli 7Z W NET TAXABLE Al TACH 1ENT NO. ? COUNTY OF RIVERSIDE 2-25d3 PALM DESERT REDV 82 ANX 87 REDEVELOPMENT PROJECT INCREMENT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR 1988-89 LAND IMPROVEMENTS PERSONAL PROPERTY BUSINESS INVENTORY 4NER EXEMPTIONS HOMEOWNER EXEMPTION BUSINESS INVENTORY EXEMPTION LAND IMPROVEMENTS PERSONAL PROPERTY BUSINESS INVENTORY OTHER EXEMPTIONS HOMEOWNER EXEMPTION BUSINESS INVENTORY EXEMPTION LAND IMPROVEMENTS PERSONAL PROPERTY BUSINESS INVENTORY OTHER EXEMPTIONS MEOWNER EXEMPTION ,SINESS INVENTORY EXEMPTION IMPROVEMENTS BUSINESS INVENTORY OTHER EXEMPTIONS HOMEOWNER EXEMPTION BUSINESS INVENTORY EXEMPTION .IPA GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE CURRENT YEAR 339,03644 816.391.246 2,622'685 1,1580019vili Z4vO Oft 1.121, 650, 377 1.111049,541 343,147 343,147 343'147 8.931 1.309.526 6.923. 99 8.519065 1.802,211 21.000-: 7.823,211 339•p444 818.123.9 9 9.546.30 14166. 15.210 25• 36 .942 1.119.715.899 (REDVA110) ADJUSTED BASE 478: i89:141 2,020.190 65 • 20.22i 652:9111 18.584.400 634.347.644 3.11Oi06i 3111.fil 3. 4O 5 3.133.019 INCREMENT a: ant t 3.065.917 417.201.09/ 343,14/ 343.14/ 343.141 343.144 8.931 3.713i 4,64444) 21.NN- 4.690 .196 160v.1 33h316 04Q 662.1- •111:1 b•1 .3 6 :� . ,1f t - - .D46. 637.480.659 482.235.260 NOIIIrlOSall z 0 IN) In 0 tr1 co RESOLUTION NO. 255 PANE 39 ATTMIME NT No. COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT PALM DESERT REDEVEL PROJECT 1 88 (REDVA110) ge zi 1 4 I ME ie F; !I ! ,r M N 4NX 4 N*A O US W SO0N � 5 44 0 4 CURRENT YEAR 23. 969.228 00 0 NO NO N •. b M SA t N n OW0""`fmS NAN r11�1 Ofi1ft 0 NON W00 it • • . • • 0,41141% 4 00 0 0 - A A M H 0 3 NET ASSESSED 304,073.579 NET TAXABLE 411.92149,11 4N NOO 0 `OO sO P.M *A 6 M01 ii al 6 9I iia ♦O IA IH M .• • • 0 ..• • .d1V Al A A -N N �0 S NO ~NAM fii it; 8 ;. . . : ... ... a ••• •.�. 00 0 0 0 01+10 NM* A.8 �0 ! � NN AM N N N I.4*N ..4 N N N NN �1 4N N� 0M N N N O000 rims NN U1 M1 i 1 0NM A 329,324.561 H H 0 t.e WO stom WIZ W 00> Ze.mo W WA0 sZW 002 ZZiLectf N ET ASSESSED OTHER EXEMPTIONS H 8 u 0 1. W ac O> W Z ►•a[Z OL W Wv1 =JH ZVf W<H 7W >z. 0Z 00* WitOmo CIA w‘O OO tcwO =m Jr1>m NET ASSESSED `1THER EXEMPTIONS N ET TAXABLE •Os NET ASSESSED OTHER EXEMPTIONS 27.415.$36 356,740.397 A < 1• x 0> !W = OC ZN OZ wpm 05 Se 02-2cP7 ATT/ICIIMFNT NO. 2 COUNTY OF RIVERSIDE PALM DESERT REDEVEL PROJECT 1 REDEVELOPMENT PROJECT INCPEMFNT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR 1999-90 PMRRRUN M`ENTS BUSINESS IYYENTURY OTHER EXEMPTIONS HOMEOWNER EXEMPTION BUSINESS INVENTORY EXEMPTION LAND FED StHAL PRPERTY BUSINESS INVENTORY OTHER EXEMPTIONS HOMEOWNER EXEMPTION BUSINESS INVENTORY EXEMPTION LAND IMPR3VEMrNTS PERS MAL PROPERTY BUSINESS INVENTORY ')TNER EXEMPTIONS NUSINESSRINVENTURYNEXEMPtION LAND PE{�� EE TTSS R S'7NAlrPRflPERTY ROSINESS INVENTORY OTHER EXEMPTIONS 666 NOME'WNER EXEMPTION BUSINESS INVENTORY EXEMPTION GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED NET TAXABLE GROSS NET ASSESSED g7/R.1. ET TAXABLE 39.79 3919 "ON NOLISVIOSall (REDVA110) CURRENT YEAR ADJUSTED RASE 113,466,530 13,699,245 220, 318,120 10,060,451 199919672 2099528 335,775,322 23,969,228 409,604 335,365,715 23,969,228 49,000 r0,000 335,316,718 23,899,228 NAM 61,71. ,302 345 61,738,313 61,730,313 , s , 397,055,031 INCREMENT 9, 67,202 2109 51,668 1, 511.144 311,806,094 9, 04 311,3969 90 219 00- 311,417,490 i;oli:Ilt 2t,011,4 4 3,511,l166 58,25691Q6 349481 3,516,608 58,221,705 3,316,605 58,221,105 27,486, 370, , 271i 0�, , • ci lei 27,415,836 369,639,195 0 RESOLUTION NO. 255 PAGE 41 ATTACHMENT NO. COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT PALM DESERT ROV Z (REOVA11O/ AOJUSTED BASE CURRENT YEAR •• AF415 1AIALA Mewl •• tip► tDA 16b411.216 a n P• Pee • AA•ist �• �11• N N 0 o .. .. 102,087.441 • • • N N N OTHER EXEMPTIONS NET TAXABLE gill hi 1 LAO IA IA IA 0 IONIA .O - N • LAO orl hi Po 1,1 m PG NH V NET ASSESSED EXEMPTIONS OC O 102,158.44 • 165.251,121 • riOLiA pe �, • Pr 10 AA N. A Ow~1 N rr Ire Elp mac r.p Z WZ rd WN ZH OZ W.• Zvi GROSS NET ASSESSED smog -c WZ rat imoCZ Wllr ZJH ssw 00Z 2 ! tZ EXEMPTIONS • • L W W Es. UJLJJ WZ geld LUO Zul ec OZ Z EEV/ 102,087.44T 26T,3390268 T RESOLUTION NO. 255 0 fJ PAGE 42 6B6'5E9'S5Z`T OE£'SST6919 2 0 = v rrr 7'2 0 SM.-or W 2 0 70.-1r M.= 0 02M,o.r =� -+ C '1D CM -1 Crn3> CO -i C.nm CM -4 Cr1210% 113 z ✓+A. aZ N13 Z N77VZ N2 2 N70172 tn= 2 N.vm Z 04m m ► VC -im1 'n 1+N7vO 1 1 m ..ws100 ►4 M m ~700 Z0 .o mIE mz` zo - v zoo ZO ZOO ZO AZOu NT rn lnim NZ m vf»m N+Z n, NJI.M ,n= m VOM ✓+m X 01-2 NM X (Arm van x Nri Non )t v4 1 A 'TT .71 v m 70 m r1 • 70 m n1 .., f .-vZ r� 3 .nvZ .r 3 •-10Z — 3 owipz ,zM.m v Zp--1 Zm v 2 � ZfTt v ZrD� ZJn v Z7a-4 4GC <ON <X -1 <ON <X -1 <cN <X -1 <01n . n n .r m v MT .-1 TM •rwn 1r MM MT ..n my Z3 c zr ZZ C Zm Z2 o Zm Z= c ZIT1 -1v z -470 -Ky z - -y- Z -40Ig -4v z <70 70F• 1n 77< N0N< ¢ N OD< N t}< <Z < <Z < <0 K < <O � m m m rnZ X X X X m r*1 i11 rn 3 1 = _ v v V b < 1 -4 .4 1.1 . 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N1W WOO 316rxr1 13N 319YXV1 13N Z6TsT0£'BZZ'T it96L1E4419 O'VES64E6S 1+ V • • M M %OW NV11,+O4 OVI N1.6.1140, P.J 0004 000 OON.OM PN04 0000 000 VI44.1100` ONU* a v4 1► - rV7 VI .1ti OiNVIM NWM 444* 000 VPONINI ONN MWOfN Nmr 44400 04e 0000 004 o. ► w 444.0 OPAN O-#. 1.4v4404 W P1+IIMo 444. 444 omok VIW�ON moo 11Y31 1N3bb113 3SY9 a31Snrav 1N3M311314I N•k 1NJW3d3NI (OTTVAa311) 1N?Wd013A'C?M RESOLUTION NO. 255 c Cmii c� o mC i c° c�s> c N Z OMVZ NZ = V170� N 2 NA��pZ H m2••m m ..4. m0 -m m 2000 2m m 2N0 MZ4C Mx '° mz m „ m NZ m V1�m N m Nam N m VIlm NZ yamx or-3 NM T vi -Z OM X NP'= Om r• Z I. uZFMTI .r A m m A ZT 7 �.y tZm a ZAP Zm Z ~ZZp� Zm <* ► • <0 n <X r<.. <ON X -� <OIn <X mm ZZ 0 Zm Z= O Zm ZZ O Zm ZZ <1 Z -4 a 2 -4X -ya Z -4X -gyp M,Oss4 N �� 9:1 N (24 p< fi0.4 r. 9< 51Z <O < 40_ < < 0 < < p Fri m mZ X X m m m m Z Z .. ▪ • N w r. 9 1. 2 • 0 0 Z 319VXY1 13N £ 8L'E96'OOE 9£Z'911'If Ly5'L96'692 03SS3SSV 13N Gl 0 N W W O O N40 r r NO0 • • • • • 0 0 0.Ir ♦WWP d4'0 4IVWP V1AN 0004 OJdV1 7,14. 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WP O - NVI• VI 00 OIVN G WNP W rN N V1V1r 00°14 r Or r NN.1 040W v 00 a WWr 000 r Or r -V1Y1 1 1 1 N3W3113NI INCREMENT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR '0 a IOtIYAO3L! 0 PAGE 43 m 133rObd 1341303b 1213S30 14119d r 133rOdd 1N3Wd013A303b 30ISb3AIb 30 AiNl03 'ON iIJ]WOV11V IN RESOLUTION NO. 255 ATTACHMENT NO. 3 PAGE 44 TABLE 16 REVISED RHNA FUTURE NEEDS FACTORS RIVERSIDE COUNTY FIVE YEAR HOUSEHOLD TOTAL 7/89-7/94 GROWTH VACANCY DEMOLITION JURISDICTION FUTURE NEED 7/89-7/94 ADJUSTMENT ADJUSTMENT BANNING-R 3,515 3,383 97 35 BEAUMONT 444 416 12 15 BLYTHE 216 127 9 80 CATHEDERAL CITY 5,431 .5,259 172 0 COACHELLA 643 528 102 12 CORONA 3,507 3,250 181 77 DESERT HOT SPGS 1,622 1,564 52 7 HEMET 3,319 3,175 111 33 INDIAN WELLS 310 300 9 2 INDIO 2,899 2,776 103 20 LA QUINTA 1,263 1,235 29 0 LAKE ELSINORE 1,629 1,565 52 12 MORENO VALLEY 17,741 17,410 316 15 NORCO 286 495 -210 0 PALM DESERT 1,964 1,891 54 18 PALM SPRINGS 2,844 2,742 96 7 PERRIS-R 7,509 7,228 249 32 RANCHO MIRAGE 678 622 16 40 RIVERSIDE 8,213 8,730 -857 340 SAN JACINTO 2,398 2,253 122 23 UNINCORPORATED 30,648 29,473 925 250 TOTAL IN COUNTY 97,080 94,422 1,642 1,017 ATTACHMENT NO. 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C7 Q 0 W - W r • c 1J - o-j_4 2 s v1Z3. 1J 0. ▪ • iCI - en - - C.7 Z W J J Z W 1 U V1 O Z O O W <- Z W- O O N N O V1 < W OC N - 1 SW S ZOC - <O :D70 -SCC"3 J LJ - Z 0- S (...1 O W W-- W Cr,...1 U= S 0 C..) W CO 7 0 Z<>-< CC LnX00 Y CC Ci' J J 0 Z> Z < r < W J< O O W W Z 2 < < 0 0< < W<-< - cC CO CD CO C.J U UOS-- J ...) z Z1 d O. cc cc V1 I UNINCORP. AREA COUNTY TOTAL RESOLUTION NO. 255 PAGE 46 ATTACHMENT NO. 4 The adjusted RHNA is included below. Current need is 569 lower income (80% of medium household incomes) and 481 very low income (50% of medium household incomes) for a total of 1050. Future need has been set at 367 lower and 303 very low income. The numbers are not intended to be absolutely accurate calculations creating a "quota" the city is expected to achieve. It is merely an estimate of the general magnitude of need and serves as a goal for the design of local housing programs. Cities will be evaluated on how effectively available resources are employed towards the attainment of the RHNA targets. REGIONAL HOUSING NEEDS ASSESSMENT I. ADJUSTED EXISTING NEED* 1989 LIHHs OVERPAYING FOR SHELTER HOUSEHOLDS LIHHs TOTAL VERY LOW LOW TOT -OWNER 8,546 2,518 1,050 481 569 380 LIHH OVERPAYMENT BY TENURE AND INCOME VL-OWNER LOW -OWNER TOT -RENTER VL-RENTER LOW -RENTER 147 233 669 II. FUTURE NEED - 1 335 334 LOWER INC HIGHER INC TOTAL VL INC LOW INC MOD INC HIGH INC (%VL & L) (%MOD & UP) 1,964 303 367 340 954 34.1% 65.9% *Adjusted to reflect 1989 "GAP" year and reduced for 180 lower income units constructed in connection with One Quail Place and San Tropez Villas Affordable High Rent projects. RESOLUTION NO. 255 PAGE 47 ATTACHMENT NO. 5 This Attachment No. 5 includes four exhibits. Exhibits 1, 2 and 3 are specific housing project pro formes prepared by the Riverside County Housing Authority for the three apartment complexes which have been acquired to date in furtherance of the Palm Desert Redevelopment Agency's affordable housing program and in furtherance of the Agency's efforts to meet its obligations under the Stipulation. These projects are One Quail Place (384 units, of which 77 will be made available to very low income households, 77 will be made available to lower income households and 77 will be made available to moderate income households), Las Serenas (150 units, of which 50 will be made available to very low, 50 to lower and 50 to moderate income households), and Desert Pointe (63 units, of which 21 will be made available to very low, 21 to lower and 22 to moderate income households). Exhibit 4 is a pro forma of the Agency's long-range program and goals to meet its obligations under the Stipulation based on (i) the subsidy costs derived from Exhibits 1, 2 and 3; (ii) cost estimates for future additions to the program; (ill) and projected tax increment revenues from Project Areas Nos. 1, 2 and 3 to be set aside into the Agency's Low and Moderate income Housing Fund. Tax increment revenues are based on conservative assumptions with projected growth rates below actual historical rates. The City of Palm Desert has independently established an affordable housing mitigation fee assessed on all hotel, commercial, office and industrial uses. Although the proceeds of this housing mitigation fee will also be available to assist in the financing of the Agency's affordable housing program and its efforts to meet its obligations under the Stipulation, the Agency has not included proceeds of the fee in its revenue projections. The requirement of the Stipulation that 255 units be acquired by December 1992, of which 21 units are to be occupied by and available at affordable housing cost to very low income households and not less than an additional 78 units are to be occupied by and available at affordable housing cost to lower income households, has already been met. The projections and the pro forma also show that the requirement of the Stipulation that 1359 affordable units be acquired by July 1, 1995, will be met during the 1994-95 fiscal year. RESOLUTION NO. 255 PAGE 48 MC w R% \\ §§ C. C. O. C. ow § am am ma L. § d) % $ ,, g §)k\%jk§§ \\ _<I,a, g�� &=ma*+=2»a«az==aaa sas an an an am ac ae an on an co aa ea an CP as \§ [ " ea••••., CD2sm22ms2a =»)Iew« §[&@mIg«m§§§§§§§ !R i) z ee�=_� --={3 b I%§E2 § RESOLUTION NO. 255 PAGE 49 <±7&s3£§±2EE2§r°M §`771. F%\7°§ 7� $\7\\5k.0vs §%Pt £- £§Za«&ma=z==�7=_ = 4 = f \7f§FF%§FCD.C. -f 00 §~ \q\q\\f{§\7f7\79"§ -___-===.---- Cs 0 [WOW OPERATING ANALYSES -=m25E2I °m fie4 e4§ _==C,C, ,^%/\3zkaw §geeeaeeeem@mm@mmm- eeeEE�� CM EFFECTIVE GROSS IIILI1E 1-22 &£Sa¥¥2 22 22 o t- o pp qp pp pp _pp pp cc7 gc; _Cm0 C. C. NFT OPERATIIN) IINTIrE INEFRE DFRTI 7.5 RESOLUTION NO. 255 PAGE 50 PRORIRYA OPERATING ANALYSES: 2.1 On Cn CM v. §§\\.§/.7$§#\f$°§ _2g— \\\\\\Q}G/F§FkS°§ 9§&ea§§2v.CP, cep °§° Jaea%§§7�=m�==«°a �2° @¥»»ems--kcm-��£E Jivie e- en m��m3aR@ae2aE§tee°a ee© �e7«aE 5 eV dr, am %\f§\v,,C..... 8 f\2ff f ° \§\77 - --®�e—m©==3• = cs: y=tea==.A.,40 mas°U V. ..-7 ==■enJ \ VO� wj} \ §� &%5\7kFFi7§\\\$\°\&° \ f3f%7\ f�\$..%}\meC.G\}F\°q °F° ean_....... enrnone §^ 0 0 7F0 \g0 f9F775 \ °\° \ \Fqf\ 7 f \ ®-------�an. 0 eV - - -e = -en .4.3 § ,C0ac 2ff��ffV,v, - °• 7° \�\§fff f § ƒ - m.Q..=�enenwn -- - ® c==..=E § § m fStSRFR= St,a==■■s& =�■�:z2.n. ----® ttgegegm■ege=eg§ m$k-aa s A ve4k=� §§§§§§■■■■■■■■■m■m2 2 § \ EFFBTIVE GROSS [ME 2 a, — a £ \ ee pm me le em mc RESOLUTION NO. 11 ►96'182 00'0 66 816' 981 00 0 L1'1i6'SRi 00'1] 80 9L1'SR2 on 0 LS 2S2'182 00 0 9S'6SS'[82 00 0 9'161188 00'0 95'011' 281 00'0 S0 09S'182 00'0 81'166'087 00'0 86'016'6L8 00'0 ►l'(ti'08( 000 61 8[t'611 00'0 1► 160'6li 00'0 10'909'818 00'0 [1'60[111 00 0 59'(90'01I 00'0 (S119'112 00'0 11'9t0'112 00'0 1S'ill'LLi 00 0 SS'I00111 0O 0 0('St0'112 00 0 91 Eli'Ili 00 0 I1 ►96'18i 61 9u'24 '' 00'S90'(61.1 001 61 9f('29 00 0 661116.988 89'41'19 'I 00 001•061 8 00 0 19481'19 00 0 001 11 126'SR1 91 S(e'i1 SR 9S2'111 00 DII'(61'R 00 0 91'S[8'1l 110 0 00 0 00 911'S82 91161'11 SI 681'0(1 05 165'161'8 00 1] 91 [6► lL 00 0 00 0 LS iSi'18i 20 608'18 ►S ►t9'021 00 S60'S611 00 0 10608'18 000 000 95'6SS'ERl ►S EI8.S8 81 46.111 00'SLS'16111 00 0 1S'[18'S8 00 0 00 0 O1 261'188 S0'S0S'68 61 ill'(01 00 Sli'961'8 00'0 S0'S0S'68 00 0 001 95111182 16'19616 19'1(8'96 00'585'1611 00'0 L6' 196' 16 00'0 00'0 50'095'188 09'091'96 58'881'68 05198'16118 00'0 09091'96 000 OD 88166.088 98'181'66 96 150'18 00'5li'861'8 001 98'181'66 00'0 00'0 86116'610 96'6,8'101 90'118'91 05'80'1811 00'0 96'08'101 00'0 00'0 81'(10'082 91'SL('101 9116111 00 5(0'908'8 00 0 II'S18101 000 000 61 81t'6LI (8169'901 8E1(0'99 00'0E0'561'8 001 (1169'901 00'0 00'0 10160'612 80188'801 9('981'19 00'081'161'1 00'0 10188'801 00'0 00'0 10 909' 812 00 808' 011 10' 066' 95 00 059' 161' 8 00 0 00 808'011 00'0 00'0 12 601.81i 18129'111 55'590'(5 00'511'961.8 00'0 18129111 001 00'0 59190111 S9 061'811 18181'61 00 51S'861'8 00'0 S9'068'tll 00'0 001 (5119'1,11 8('208SIl 11 690'91 00'511'51'8 00'0 81 106'S11 00 0 00'0 11'910'11i (I111'111 51866100 00'516'161'8 00'0 [1 ►11'111 00'0 00'0 15'211'111 b0'li✓811 6[ 898'01 00'518161'8 WO 60' 1I l' 8I 1 00'0 00'0 S5'700'118 81195'611 65618'1( 00 568•161'8 own 8t 190)11 00'0 IIO 0 0[ St0'118 L9 909.081 10'010 50 U0 S19'►OB'8 00 0 19' 909' 081 00'0 011' 0 91' (11' i 11 19' 909' 021 00'0 OU $19' ►51' 1 DOA (9'909'IIZ1 00'0 00'S90'161'8 OS'i[0'681'9 0S•i(0'100'i 06 1 nn nnn'cu!P 111001 05100'1001 06'200'100'0 11101 00 0(1161'8 00'5I1'019'9 00'518'6111 06 l uu no ,i• } 0111101 00'510'611 1 00 S11'611'I 01101 00.021.(611 00 095'1511 00 095 (15 2 06 L 00 000.011'1 601101 00'095'IICI 00 09S'Ir('I 6010► OS 165.161 8 SC868'901'9 51 861'16►'1 58 1 00 000'S18 E 801001 51'861'1611 51162'1611 801110 00 560'561'8 05110 S91'9 06110'0[9'I 581 00•000'6(5( 1011101 06110'0(91 05100'019'8 L0101 00 S15'tel'6 OS i6t'8[0'9 0S'L8i'8S1'I S8 L 00'010',07. 1 901001 0S'l81'11S1.8 05181 8SL'i 90101 00•512'961'8 0S'101"816'5 051.01'811'i 581 00'000'0►1o'( 501001 0S'101'8181 OS 101'818'1 SU10► 00•S8S'161'8 0S'I6L'808'S 0S'i61'886'I S0'L OO 000'028'1 ►ulOOl 0S•i61'286'i 0S161'8861 tulut 05198'1610 5I'I(1'901'6 00•I00'160'1 581 00'000'619'l 601001 Si l[I'160'[ Si•I[1.160'[ 101U► 00•Sii'8611 OS1219'1191 OS119'9111 S8 1 UO OOO Si►i Z01u01 O5'119'9811 05111'911'E 0108 OS'il9'(Bl'8 SI•9ff'60S'S 57'91('l11'1 S81 D0'000'S(1'i 101001 S['9t0'tL1'[ SI'9fC►12[ 10101 0010'908'1 05'1I5'051'S 05115'500'[ 51'1 00'000'5601 001001 0S'LIS'SS('( OS'LIS'SSE'( 0010► 00'0f0'S6111 00'SI0'S9('S 00'SI0'0(t'[ 01'1 011000'S(6'I 661001 00'SI0'Ott'f 00'SI0'0(1'f 6610► 00'0E1'161'8 00'598'860'5 00'598'861'( 59'1 00'000'009'1 861001 00'590'861'( 00'598'861'1 86101 00'00'161'8 00•5i['I(i'S 00'Si('I9S'( 09'1 00'000'00'1 161001 00'Si('i9S'[ 00•Sit'i95'( 16101 00•512'961'8 OS•L[911l'S 0S"L[9'0I9'[ OS'L 00'000'SSS'1 961001 05'1E9'009'0 05'1[9'0191 96101 00'S1S'861'8 0S•18I'1il'S 05'181'il9'[ 0t'1 00'090'Mt' I 561001 0S'IBi'119'( DS'LIZ'119't 56101 00"511'S61'8 0S'188'1l0'S O6'l88'111'( 0I'1 00'000'0S('1 ►6(001 06188111'1 05'188'111"1 16108 00•S16'[6L'8 05•186'900'5 06'186'991'0 00 L 00•000'090'1 161001 05186'9910 06'186'991'0 (6(01 00'511'1611 05'01'116'1 05'101'108'0 08'9 00'000'1181 ' 1 261001 05'101'108'0 05'101'100'1 26101 00'S11'161'8 05 101 [S6'1 OS'l1l'[18'i 091 00'000';II'I 161001 US Ltl'(18'[ OS'1[6'(I0'[ i61Ut 0011,1108'8 OS 1LL'li6'1 0S'1(i'118'i 111'9 UU'iuu J6D l u6lu01 OS. La' L18t 0S'1[1'118'( 06101 OO SL9'►51 1 OS•I[f'118'[ 0S'1t['LL8't 681001 0S'1t['ll8'[ OS 110 110[ 68100 3:i1A83S 1830 ''M!M8Y3 1,0 1Y,>Sl.i 1113 153831M1 1Y11JM18d 3.1(803S 0111113 TEA Tali 8Ydt 00I83d 1531131M1 3111 IYOI;OI1d 31Y0 1311 1,014‘11 181 11881180 1111 191•084 1.801f0811 1.20u30 L1311 138 15383191 801 Al 19011 OW 19101 0103 111 1131[{1,M1 OMJO Irlu1 00'000'005'‘,6 Milli 11101 tonsil 11Y3 15383111100 S (0' 908' 8 0001 2683538 110 000'0601 S11Ci818800 00196'[69 06 001L1 1.01080 311103>1)5 301083S 1830 00' 000' 005' 66 1161 10 Y 30SS1 SONGS 3019A38 40112 100112 5.165,000.00 40113 100113 5,575.000.00 40114 100114 6,015,000.00 40115 100115 6,490.000.00 40116 100116 7,000,000.00 40111 100117 1,555,000.00 40111 100118 8,150,000.00 TOTAL 99,500,000.00 7.90 7.90 7.90 7.90 7.90 7.90 7.50 1,815.025.00 1,0i5,025.00 1,611,001.50 1,611,001.50 1,390,795 00 1,390,795.01 1,153, 202.50 1,153, 202.50 196,141.50 196,141.50 620,141.50 620,141.51 121,125.11 321,921.01 1,815,015.00 6.980.025 00 8,195.050.00 1.611,007.50 7,186.007.50 8,797,91500 1,390.795.00 7,405,795.00 0,796,590.00 1,153, 202.50 7, 643, 202.50 1,196.405.00 196,141.50 1,196,111.50 1, 793, 695.00 620,147.50 1,115,141.50 1, 795, 695.00 121,925.00 1,17025.00 1.793.050.00 0.00 0 00 0.00 0.00 0.00 0.00 0.00 0.00 8,795.050.00 0.00 8,797,015.00 0.00 8, 796, 590.00 0.00 8,796.405 00 0.00 1,793,695.00 0.00 8,795, 695.00 0.00 8,793,850.00 0.00 176.259.52 0.00 190.251.08 0 00 205.266.41 0.00 221,476,15 0.00 230,880.28 0.00 257, 820.08 0.00 218,124.90 56, 457. 31 56,157.31 50,111.24 50,111.24 43, 261.41 43,261.41 35, 870.97 35,870.97 27,196.91 27,896.91 19,296.24 19,296.24 10,013.65 10,013.65 289,174.14 240,473.56 291,789 21 293,218 09 294, 674.11 296,412.55 298, 152.19 161,140,121.51 262,141,121.50 162,140,127.50 0.00 262,840,827.50 3,395,512.59 5,080,802.62 8,476,315.21 0.00 289,174. 14 0 00 290,473.56 0.00 291.789.24 0.00 293,218.09 0.00 194, 674.11 0.00 196,112.55 0.00 298,152.19 0.00 1,476,315.21 •ON KOIZnZOSSII RESOLUTION NO, 255 PAGE 53 IIT8 SUBSIDY OF $20001YRI1IIT UP TO FIRST POSITIVE CAS1 FIAT YR. OF OPERATION Si 61. tan Ams. 811 ASIDE PLEDGED AIM 112,00041T) :128,04 ESTIMATED NE7 RENT COYIIAGf 4 • kEVLN. PLAN IN (IKNA ElPIRE IN YR. 2013 ' _ REDEV. PLAN IN PALM SPRINGS EIPIRE IN YR. 2014 11)TAi FLEDGED Ik'' [ lk A[iTL SIiFS)DY YEARLY SPH c'Si F11ND\ RH; kE HPOSIT SW(Y IN ',ONION III SIDY HY (k' Yk' Arta $2uUU NET RENTAL NET DEBT NET (1S8 110 2 10 MEET 201 ('' PLEDGE p,; 10U2 1'LEDGF To WVEF 10 (OVER OF 5I105IDY YEAR INC.DME SERVICE FIAT NET SERVICE FORM 4611IE.S(2) DEFT (3) I002 DEBT 1262 DEBT14) OPERATION 1990 0 0 0 0 0 0 0 0 0 0 1991 87,695 277,003 I 19,1071 332,403 241.708 0 189,107 6(.107 244.108 1 161.1071 1992 101,398 271,113 (75.7151 312,535 231,117 0 175,715 41.715 175.731 2 141.715) 063 116,911 277,347 (60,4131 332,116 215,183 0 160.411 32,413 160.460 3 (12,413) 1994 121,517 277,675 ( 56.1571 333,209 211.692 0 196,157 28,157 156,211 4 (28.157) 1995 126,283 278,064 1 51,7111 133,676 207 394 0 151,78( 23,181 ISI,859 5 i23,781) lq.,1. 111,237 278,309 (41,073) 133,971 202.714 0 147.071 19.071 147,112 6 (19,013) 1997 136,187 278,606 142,2111 114,327 197 940 0 142.219 14,219 142,218 1 114,219) 1998 141,741 279,094 (17,1511 134.913 193,172 0 117.151 9,153 137.451 8 19.3511 1999 147,308 279,418 132,110) 335,302 187.994 0 132,110 4,110 112,175 9 (4,110) 2000 153,095 280.211 (27,1491 336,292 183.198 151 127,149 0 127,114 10 8SI 2001 159.111 279.911 120,1601 135.965 176.854 7,140 120,860 0 120,805 II 7,140 2002 165,366 280,997 (15.6111 337,197 171.831 12.169 115,631 0 115.811 12 12.369 2003 171,869 211,560 109.6911 737,872 166,003 11.109 109,691 0 109.804 13 18,309 2004 171,630 282,171 I01.5411 338,605 159,975 24.459 103,541 0 101,663 14 24.459 2005 185,659 212,792 97,131) 339.151 153,692 30,866 97,134 0 97158 IS 30.866 2006 192,966 I13,560 90,5911 340.271 147,305 17,407 90,593 0 90,746 16 37,407 2007 200,564 284,253 83.681) 341.103 140,539 11.312 83.688 0 81,827 17 44,312 2001 208,463 215,176 76,1111 342.211 133,748 51,287 76,713 0 76,897 18 51,287 2001 216.676 215,921 69,2521 343,113 126.437 58,748 69.252 0 69,402 19 58,148 2010 225.215 216,911 61.704) 341,303 119,088 66,296 61,704 0 61,901 10 66,296 2011 234.093 211,965 53,1721 345,551 111,465 74,128 53,872 0 54,081 21 74,128 2012 243,323 219,174 45,8511 347.009 103,686 82,149 45,851 0 46,091 - 22 82,149 2011 252,919 290,474 17,5541 348,568 95.649 90,446 37,554 0 31.814 21 90,446 2014 262,897 291,789 28,1921 350,147 87,250 99,108 28.892 0 29,15S 24 99,101 2015 273.271 291,218 11,147) 751,162 78.590 108,053 19,947 0 20,232 15 108,053 2016 284,058 294,674 10,616) 353,601 69.551 117,384 10,616 0 10,907 26 111,184 2017 215,273 296,413 (1,140) 355,695 60,122 126,860 1.140 0 1,487 27 126.860 2018 106.933 298,152 8,101 357,781 50.849 128,000 0 0 0 28 8,781 TOTAL SUBSIDY R9)I)1RED TO (DYER 1002 DEFT SERVICE 2.645,956 AINIITIONAL SUBSIDY REQ. ON MP OF PLEDGED A6REEYEN7 240,129 TOTAL ANT. TO BE SET ASIDE TO (DYER 1202 DEBT SERVI('E (II P1'AI PLFIK2E F191 1 SUBSIDY NEEDED TO AIDIFYE A NET (DVEFAGF OF 8007 IE'.S TURN 1.2/1. (21 RED09S1T MONIES IS I RIA1 To TEE PLF34,E AMOUNT MINDS ANY S80RT FALL IN REDTAL IN(llYF Ma DENT SERVICE. (II THE [4'AI 0019 IS TEL AYT. ((F MONEY (lt6 MUST REPLENISO THE PL413EI.SIIBSIDY TO 0FF5FT DEHF SF1tv(CE. (41 I1011;ATIVE FIND IS THE Alt OF Ik*EY (k0 YO9T RFPLF11IS0 THE 511342E 1 S0H51DY 11) OFFsE7 TBE DEBT A 201 114116,11. 26(11)8 2.705.219 • OM NOI1f1OSHII RESOLUTION NO. 255 PAGE 55 RESOLUTION NO. 255 PAGE 56 & ¥ m_ = k w 2 @I®72 z. CD ER raa ®_ \)§ } ER ts- ---_ PS §=Et-�k \jk§%k/§§a &&=»»0^&E29g2m222■2 es: =«==&Etg m/g=a=&===>=m229/m §2m r §r§ m»v&=«7+a==«»=a sE fk ■ ...........,_� ! 22#gs7aa727a7#«asss 2f § .,.0 ..CD= a= ■ e� e.0 _mom __■ kƒ\kk\\- §§kkk■$§kkkil§§sss■ maaka2---- k) *7sy«s cps or U► 901 16( 9L( 191 ll[ t(( IZ( 601 16Z 98Z SLZ 191 818011111111SI03d13 8` 0 11 0 St 0 (L'0 11 0 01'0 89 0 19 0 S9'0 ►9 0 Z9 0 09 0 tS'0 011Y8 O'Yg3ACI)UI311 Lr1 1! ZS 11 IS 11 15 10'15 19 05 1[ OS 16'64 19 61 11 6► 16 80 IS 81 1t 81 1611 01118 391113 D11188340 0 it RESOLUTION NO. 16Z01411 I510'0[SI 118C190 10S(109'. 1881119! 1881'6191 1198'910 1[19'0SL! 10Ze'5811 I0ZZ'6181 188I'IS81 Iti 'S68i ILSI'SZO'Il 0 95618Z'1 S6['81Z1 110'01Z1 [WW1 685'591'1 9961911 900'6511 865'95Z'Z l09't5Z1 IS►'ISZ'Z 161'81Z'Z 568'91Z1 E00'9►Z1 D 18+13 11510 138 3JIA13S 1830 SS31 1Z0'Z611 08E'801'1 189'501'1 [(6199'1 101109.1 111'[BS'1 [ll'1001 586'505'1 989'891'1 IC11[1'1 909'960'1 811'15E'I 94'011'1 0 118313111381 310811 t11I1Y63d0181 519'96'I t9l'118'I SEC 008'I 90'1E1'1 188't99'1 08'009'1 91i'6[5'I (10'084'I ltl'(1t'I 11119('I 61111['1 Zl1'59Z'I ZI511Z'1 0 S3SIBd1319101 911'161 60'181 5901l1 000 0L1 996191 659'151 565'151 091'5t1 80I'0►I 89i'1EI ►85'611 009'0(1 108111 0 361053111E3E3V1131 98091 016'911 MAZY [61'(11 10('16E 01018E 0I['19E 661'[5[ 519 bit [55'9I( [66'(I( 916.10E 10006E 0 3JIYIOS81 1 S3181 It0111 160'191 19119 01['9[I 016'60t 81116( 886'81( 111'99( 96[15E 616'9[[ 19611[ 10511( 015'661 0 S31111111 869'L1I 114'I14 91916i 00118( 691.09E 101'I5[ 41'8([ 8911E[ 199.01E 9[9'00( [10111 SS6'LLZ t91'19Z 0 111YN3111a 111Yd30 90[191 t90'951 190'051 06I'111 Ot111(I 10110 [11'BZl 6[('(ZI 965'811 i[0111 8►9'601 IEt101 91('101 0 *l11Y11S11110Y 101'IZZ 118111 619'901 651'961 161'611 116'181 816'41 661'891 111'191 105151 015'6►1 011111 091'811 0 11313Y11Y1 S3SIEM3 ZOL'1[1'( 1tl'119'[ 1Z1'905'[ 69'56[1 186`L8I'[ ►(0'►81'[ 611'0101 850'9861 [(8'169'1 Zt9'008't S8('ZIl'Z 06['9)91 8SI1[1'1 0 310311 SSW Blain 9►l'59 L51'19 (61'[9 IS6'19 6[1'09 815'65 081'8S 9[1'LS [II'9S [1015 I(6'(S 10[11 Zit' It 0 A1310V 069'(► 111'It Z81'11 186'6[ 818.8E 189'it 065'9[ tZS'S( 681'►E S8►'[( 60S'ZC I95'1[ 811'li 0 1i1011111 D 0 0 0 0 0 0 0 0 0 0 0 0 0 31ll1111 1100V 1010'1 8611t01 [91110'I 111'186 811156 15(116 S01'868 8[Z'Z1l [[8118 891'108 11Z'861 116'►LL 008'Zll 0 10ZI-9L 0011+I 605101 4E101 861'66 515'56 668'16 09188 996'98 869'18 955'81 015'51 619'11 9[8'69 05119 0 151-99 101 Z+1 8SI'Z6 011'18 86118 110'18 Z98111 618'51 01611 801'01 11919 618'19 91119 61610 119'15 0 009-95 10'I 0+1 10011. 010'00 16111 65919 90819 160'[9 098'09 610100 89015 10115 [0015 010'05 16010 0 155-91101 Z41 [ll'►ZI t16'611 09('5II [I6'011 959'901 0SS'Z01 0I9'86 11816 0L1'I6 99918 I61'►1 050'11 EE6'11 0 1St-9E 101 MA Z+Z 611'91 I►1'11 1[118 68011 800.6E 686.1E 8251[ [11'SE ZLC[[ [111[ IZZ'I[ (1011( 89111 0 %SE) 10I AEA 1+1 81['OZS IZZ'S0S 905'061 61119 61(199 188'811 8081[6 S11111 161'01t 918'86( 01118( 1[611(s - [ll'SI[ 0 10ZI-9L 001 1+I 0SC[S 189.15 669'6I 181'0 6►61I 101'It 1.811I 6t8'0► 81I'6[ 1911( 5IC9( 016.1E SLS'EE 0 15L-991011+Z SS['SS MIS 61.I'15 011'6t LI['lt 861'St 841I 5901I LII'0t I681[ 96(1E L56'5[ 110.1E 0 1S9-95101 1+1 100.8E [Z01[ 665'SE O[Z')C C16'1C L19'1( 0[I'0E 091'6I ►E1'81 ZSD'1Z 1I0'91 110'SZ 610'11 0 Olt 101 [+Z 98[19 186'65 08915 191'55 8Z('ES lli'1S S0E'61 601'0 SIS'SP 1[811 9111l SZS'01 9161[ 0 000.9E 101 ABA I+Z ZEW'/I 599'91 6[911 [S9'11 SO1'[Z E611I (1611 010'11 (91'01 981'61 ►(l'81 11011 11E'LI 1 15E> 101 AIOA 1+Z 160'8[6 911'016 991181 161158 1.8Y[(8 111108 119181 601 (91 115'091 016111 0(0169 101'0 (1 ((9 0 10Z1-91 0091 011 11I'S01 591101 4116 [15'5 5(6'68 90'98 051'(8 Z56'61 118'91 0(6'(1 110'11 (1E19 511'59 0 1SL-99101011 16011 [[6'81 168'S1 81611 111'01 [11'19 118'19 11E19 [86'65 919'1S MIS SZC(S I0I'IS 0 159-95 101 OBI 1(519 16819 19[19 LZ6'09 185'51S 0[['9S 19115 11015 LL0'0S ISI'81 66Z'9t 615'I8 9011t 0 1SS-9110'1001 119'911 91111I [[8101 989'(01 869'66 [98'56 91116 I[9'09 ZI118 Mil [UAL 19C11. 111'OL 1 151-9( 101 AEA WI t10'11 105'61 186.1E [15'9( 611'5( 8911[ 6911( 01Z'I( 010'O[ 5981Z 5511Z 10909Z 19911 0 151) WI AY3A 081 II II II 01 6 8 l 9 S ► [ 1 1 0 (00Z 0000 100Z 000Z 6661 8661 1661 9661 5661 f661 (661 1661 1661 0661 S301ClA31 :S3SAI1I8 91111Y1310 YAIOd00J P0O RIA OPERATING ANALYSES: YEAR REVENUES 1004 2005 2006 1007 2008 2009 2010 2011 2012 2011 2014 2015 2016 2017 14 IS 16 11 11 19 10 21 11 13 24 15 16 21 IBO VERY IA1 t751 12,121 11,416 16,211 48,062 49,985 51,984 54,063 56,226 58,475 60,814 63,217 65,716 68,107 71,144 110 VERY ID) 16-451 111,191 (16,149 131,195 136,443 141,9013141,577 153,410 159,619 166,004 111,644 179,550 186,132 194,201 201,161 18D IA 41-551 71,17f 11,111 71,092 80,176 13,J83 86,718 90.107 91,794 91,546 101,448 105306 109,726 114,115 118,679 1lD LO1 51-651 13,371 11,119 92.341 91,014 99,876 103,871 108,026 112,347 116.841 111,514 126,375 131,430 136,687 142,155 18D IDI 61-751 111,111 113,191 111,149 123,083 128,006 133,126 118,451 143,989 149,749 155,739 161,968 168,447 175,115 112,193 IED COD 16 V201 966,210 195,217 1,025,014 1,055,836 1,087,512 1,120,137 1,153,741 1,188.353 1,124,004 1,260,124 1,298,516 1,337,502 1,311,627 1,411,956 2+1 VERY Ip (35.1 21,141 29,594 J{,191 31.442 33,110 35,019 36,493 37,953 39,171 11,N9 42,691 44,399 46,175 48,022 2+1 YFRY IAI Jf ISl 61,112 61,111 f0,176 72,913 1S,90J 11,939 82,096 05,180 81,i95 92,]!1 %,011 99,887 IO7,178 108,033 1+1 IA116 352 IO,NI II,NS 13,311 45,014 46,815 41.719 50,661 52,695 54.103 56,995 59,274 61,645 64,111 66,676 1+1 1.01 56-651 57,569 59,872 62,267 64,757 67,317 70,041 72.843 75,737 71,717 11,939 85,216 88,625 92,170 95,156 1+IIA1661S1 SS,90S 51,141 60,466 62,8d5 65,400 68,016 70,737 73,567 76,509 79,570 82,752 86,062 89,505 93,015 2+1 IOD 76-1201 535,919 SS2,069 ' 568,631 585,690 603,160 621351 639,999 659,199 678,975 699,344 720,324 741,934 764,192 787,118 2+2 VERY IA (351 41,061 49.991 51,990 51,070 56,233 58,482 60,821 63,154 65.714 61,416 11,151 71,998 76,958 80,037 1+2 VERY 10116-61 129.764 134,954 140,353 115,961 151,805 151,878 164,193 170,760 177,591 184.694 192,082 199,765 207,756 216,066 2+21A116-551 10,087 13.291 86,623 90,087 91.691 97.419 101,336 105,390 109.605 113,989 111,549 123.291 128,212 133,151 2+2 1AI 56 651 95,918 99,186 103,778 107,929 112,246 116,736 121,405 126,261 131,312 136,564 142,021 147.708 153,616 159,761 2+2 ILL 66-751 111,809 116,211 120,913 115,770 130.801 116.013 141,474 141,131 153,018 159,139 10,505 172,125 119,010 186,110 2+2 100 76-1201 1,104,925 1,138,073 1,172,215 1,207,181 1,243,603 1,280,911 1,319,318 1,158,918 1,199.686 1.441,676 1,484,926 1,519,414 1,515,359 1,611,619 ADM INCOME 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAIMDRY 45,001 46,351 47,741 49,173 50,644 52,168 51.733 55,145 57,005 51,716 60,477 62,291 64,160 66,085 CABLE 11 67,061 68,402 69,770 71.165 72,589 74,040 75321 77,012 18312 80,144 81,146 83,381 85,049 86,750 EFFECTIVE GROSS IINTIIE 3,862,226 3,988,152 4,119,721 4,254,978 4,394,773 4,539,262 4,688,606 1,842,971 5,002,532 5,167,165 5,337,956 5,514,196 5,696,385 5,881,726 EXPENSES NANAGENENT 210,110 239,387 248.962 258,921 269.278 280,049 191151 302.901 315,017 327,618 340,121 354,351 368,525 311,266 ADNINISTRATIOI 168,198 175,550 182.572 189.875 197.470 205.369 213,584 222,127 231.012 240,253 249.863 259,858 270,252 281,062 REPAIR 1 IAINTE]IANCE 445.014 462,815 481,327 500,580 510,601 541,428 563.085 585,608 609,011 633,394 658,730 685,079 712,482 740,981 UTILITIES 498.723 518,612 539,419 560,995 583,175 606.773 631,043 656,215 682,537 709,838 738,232 767,761 798,471 810,410 TAXES 1 IISINANf,E 483,377 502,711 522,821 541,131 565.481 518.101 611,627 636.092 661,535 687,997 715,511 144,137 713,901 104.859 8EP1AL1310T RESERVE 199,189 207,469 215,767 224.398 213,314 242,709 252,417 262,514 273,015 281,935 295,291 107,104 119,389 311,164 TOTAL EXPENSES I,025,581 2,106,605 2.190.869 1.278,504 2,369,644 2.464,430 2,563,007 2,665,528 2.772,149 2,883,035 2,998,356 3,118,290 3,241,022 3,311,141 NET OPERATING WOE (BEEORE DEBT) 1,116,644 1,882,247 1,928,852 1,976,414 2,025.129 2,014,832 2,125,598 1.111,444 2,230,313 2,284,430 2,339,600 2.395.906 2,03,363 2.511.981 LESS DEBT SERVICE 2,287,906 2,292,948 2,299.169 2,301,788 2,312,276 2.318,171 1.126.401 2,134,887 2,344,693 2,355.229 2,165,897 2,377,482 2,189,288 2,401,184 NET CASE FIAT (451,262) (410,101) (110,317) 1128,3141 1287.111) 1141,5191 (200,8091 (137,413) (114,310) (10,199) 126,297) 18,121 64,074 108,599 OP6.ATIN17 EXPENSE RATIO 52.41 51.81 S3.22 53.51 53.91 SI 11 51.11 55.01 55.4% 55.81 S6.21 S6 61 56 91 S1 11 DEBT (LVFRAGE RATIO 0.80 0.82 0.84 0.86 0.88 0.89 0.91 0.91 0.95 0.97 0.99 1.01 1.03 t 03 EXPE0SF./IINIT'VnN111 440 457 47S 494 514 52S 556 578 602 626 651 617 104 712 'ON NOlsnzos2x RESOLUTION NO. 11 988'►EC1 on SC101'96I'1 01 [L'0L6'8I61 000 (B SLZ'21('1 001 (818L)062 000 69 891'66Z'0 00 6(1►6'16Z1 001 0/'9061R11 001 0l 9S6'1RZ'Z 000 91'16('8LZ'l Iwo 19'110'Ol1'1 D01 5118Z'2121 001 8►'68S'S91' 1 00'0 (► 196'Z9l'1 O00 11 t00'6Sl'l 000 9L 16S'9S1'Z HA (5'909'1521 001 01Sl'ISZ'Z 000 IS (61'811'1 000 16 168'91Z'Z HA 16' Z00' 9►Z' 1 000 (5'60(9ti'2 00 0 LL118'5S61 001 11 98816i Z SI 6(1'S0S 01 40'59' i6L P II0 (! S16E1'S05 Ul k10'0 SL L0►'92('1 11 129'610 00 (91'112'1 011'061'661'1 00 0 II129'6tS 00'0 00'0 (1 0Ll'1I(1 1119S'065 60'900'LEI'I 00"OZI'[6CR 00 0 ZE 195'065 PO 0 00 0 IR S1Z'11(1 6011(1129 S9 601'SSU'1 OS 16S 16L'8 00 0 601E1'829 00'0 00 0 (8 181'10('2 90 12(199 01((1'816 00 060'561'8 00 0 90'1Z(199 0011 00 0 69 891'66l'I I1'961169 10 00S'L06 DU 56'1,61'0 00 0 IL'46CS69 01' n 00 0 6E'816'16Z'i IS 06u'S11 (1 191118 00'SIZ'961'8 00'0 (S 068'S11 00'0 00 0 0t 906'IRZ'Z IS 908'(SL L((62'081 0018616l'8 00'0 IS'908'656 00'0 00'0 OZ'9S6'2RZ'1 11 (69'6ll Z6'69S'[ZL 0S Z98'161'8 000 tI [69'61L 000 00 n 91.16(91Z'Z 06'869108 96'966'00 00'000'161'8 00'0 06'869108 00'0 0D'D 19'110'0121 08 (18'SZ8 00'121'814 051E918(1 00'0 0812R'SZ8 00'0 00'0 6Z'680'Z11'Z 19 866'918 10'989.6E5 0010'908'8 00'0 19 86Z'911 00'0 00'0 8►'685'S91'1 01'180398 l0 t11'S(S 000(0'S6128 00'0 06180/98 00'0 00'0 tt 196'Z9Z'1 10 ZS►'ZRR 09'60'861 00'0(6161'8 000 61151188 000 000 II 100'65Z'l 01 100 868 (9'880'29t 00059'161'8 001 SL LS1'R68 00'0 00'0 91 L6S'9SZ'Z 08 191'616 91 891'0l1 00'510'96128 00'0 01 191116 00 0 00'0 10'909'00Z'Z 66 S69'916 89111101 00'51011614 00'0 (6 569'9Z6 00.0 DO 00 IS11SZ'Z 661S6'8(6 01'115'(L[ 00'SLL'S6L1 00'0 6E156'8E6 00'0 00'0 IS'(61'812'2 68 510'056 Z611911( 00 SL6161'8 00'0 6R'SL0'0S6 00'0 00'0 t6 168'910'0 09'161'096 Il S05'916 00112'161'8 00'0 09 161'046 00'0 00'0 16 100'9ti'Z 60 [[1'646 019E1106 00•50'161'8 00'0 60 E1'696 00 0 00'0 (061('911'1 8(106116 11 i(S'061 00'5E9'108'1 00 0 16'606116 00'0 00'0 Ll'1I8'S56'I 8610016 00'0 00 S19'1S1'L 00.0 01 l06' 116 00'0 00'590'(614 0S'1E0'600 050(0'1001 061 , 11101d 0S'1(0'000'1 051(04001 111101 00'010 (66'8 00'516'119'9 00 SIZ'611'Z 061 00 000'0(1'1 011001 00 516'6LI'Z 00'SII'6L11 0I10► 00.06116128 00 090151'9 00'095'1t(1 061 00 000'0111 e01001 00 09S'1►C'Z 00 09S'II('2 OS 1.65'L6L'8 SL 861'90('9 SL'86Z'161'2 S8 L 0D 000.018.E 8010a1 01'8611611 018601611 9010► 00 5611'S6CR 001►0'S91'9 0S 00'0E91 08 l 00 000'5(51 101001 D5110'0691 164,01691 10101 011 S6S'16L'8 0S L008(0'9 0S1.811Sl'1 S8 1 00 0u0 08("1 4lni' i OS Lel'8S1'2 0S 181'BSI i 010! 0D S1Z'961'R 0S'01'8I6'S 05'1011111 S8 1 0 00n'010 ( 501001 051014111 00'001'818'Z 00I0► O0 S8S'l61'8 0S Z61'808'S 0516i'886'1 S8 L m1 000'OZ8'1 ►01001 05161'886'1 0(161'886'1 10(01 0S141'16l'R 51• 1(1'901'S S1'at' 1611'( 681 01I'000'SI9'1 ONO Si'10'160'6 SE I(1'16U'( 60101 00'511'861'8 05119'1193 05119'981'6 08'1 00100301'6 101001 05 119' 9111 00' 119' 911' 6 00101 05ZL9'(8l'8 SZ'9[['605'S SZ'966.1121 SB'L 00'0003R'1 101001 SI'9(Clli'( 5Z'95('1121 10101 09'560'9061 05115'0511 01115'550'E 511 00'000'660'0 001001 05'1I515E1 OS'11S'SS('[ 00101 001L0160 00'5101911 00'010'00'[ 01'1 00'000'016'1 661001 00'510'09'6 00110'061'6 66101 00'0(1.'161'8 00'098'86Z'0 00'591'161'f 591 00'000'008'1 861001 00'591'8601 00'591'861'E 86100 001109'161'8 00•51['Z[Z'S 0011[19S'[ 091 00'000'0E9'1 L61001 00'Si('Z9S'[ 001ZCZ9S'( 1610► 00'511'961'8 05'169'SLI1 OS'1I9'0291 05'1 00'000'S55'I 961001 0S'L(9'0Z9'[ 0S'l(9'019'[ 96101 00 SL5'R61'8 0S'18Z'►ZI'S 00.182.119.E fit' 1 D0'000'051'I 561001 OS1116'169'6 0S'L81'169'( S6101 00 SL1'S611 0S'1881101 0S'118'ZZ1'L 0Z'1 00100'0S('1 161001 0S'L88'ZZC( 05'181'1Z1'( 16101 00'016'(66'8 00186'900'0 00'186'991'0 001 00'000'09i.! (61001 05'186'991'1 05'116'99C( L6101 00 SIZ'►6'l F 00'101'186'0 00101'1011 08'9 00'000'081'1 161001 05'10I'60I'5 05'101'601'6 Z6101 U0'SL1'161'8 DS'1[L[S6'1 0S'LICItC'I 09'9 00'000'011'1 161001 OS'1E1'1W( 05'1[I'(Pi'( 16I0► 00'019'108'8 00'1[1'116'1 05'11(118'1 01'9 00'000'050'1 061001 Cr LEI' LLI' I 05' 151' 661' 6 06101 00'519'1SL'L 0S'l(C111.1 05'L(['LLI'[ 681001 OS' LIE' LLI'I 05'15('Ll8'[ 68101 3:116100 1830 1811N6Y3 Il 1Y1SId b(}J 15310.(III 1YdlJNI0d 3J10835 SJ818813 0Y3A 113513 0030 00156 1S{1311N1 3111 1Yd1J8116 3191 138 l:9108d 1181 181•000 '181 DIM 1' 0O0d 111103.3 1830 131 1S381N1 306 '111 1101 I1>a 11101 O101 '111 13313181 OHM 11101 00'000'005'66 01011 11101 100'0 111112E111 00'S00'908'8 0 11 3A11S31 00000'660'5Z 51831118YJY 0019616916 8181d 1331081 31003fDS 33I113S 1830 00100'000'66 :501818 30 '010 1111311151 8861 40 Y 3050I S0000 3100101 RESOLUTION NO. 255 PAGE 60 0.4 CD 4-0 04 0-4 G « s 0.00 2,40],383.82 0.00 68,727,990.40 j & @ W. a CP.I OV =9f¥py-22«fRa ¥ mI22EE5 2F5eE7 2 ------- ---- 55■§e2±Ea0. 5 se9�7�*�79�¥@r R ... f°\°f�\°7°7°\ \ aaaGaaaasa asG2 °k°\®53%% 04 & * « @ 7 9 a j j j §on OP. a4Sgf$§fSRSRa!ER El! ■� ■ wu MP VO W. yu 9R8#5m. ��-�aaE ■ - - ...... _ § saassa55!■■■3i■ ■ Gras- ©C'"' ■ q =7. rA ¥»Kka£ SR « 8 8 # 7 % ■ # # 7 # # # # g G ±§ e m =2■ass=@■s■■ss § RESOLUTION NO. 80816111 11(11.h4 1 W93A(I( i0i N 1830 3111 115110 (ll LOIS'HOS 1 3;YE31d 3Hl 8SI1/31d38 1S(10 YB.i 13N(M do L86 381 01 ONIEi 3/I1i''UINILI It1 3.11Alt10 18111 13S310 (11 /01S91100 lHi1d 381 HSIb133r1 1S0N 0&( 1111011 10 '1119 3111 \I WI IV/11 3111 It 'DINES 1830 8.111161 30Q1111 1111118 NI 11Y1 18085 ANY SONIA 1NI111 300.3"1d 'Al (11111111 SI S3IN(M II\(w11(118 (il Ili•1 NY/11 SS31 111N 30 3!1Y111A(Cl 13N S' 393181Y 01 0303N 101SOO\ IS(N113 190flLI PYlid (1) 3.118830 11)30 1011 83A0) 01 30159 130 38 01 'IP 11101 191'015 11(3K3338DY 030031d 10 dat NO f98 101)800 1000111009 6/9'01011 3316835 1130 8001 839al 01038108 1015006 18101 061'151 81 0 0 0 000'19L 10E'6(I 116'006'1 061'Ki 6➢t'll►1 61L'I1S'E 1101 66S'801 a 0 0 0 00019l 8L0111 190111'1 66S'101 18110'1 116'1IS1 LIOE 40.'9 91 0 0 0 D00'891 [81'[11 911'191'8 11019 81i'611.1 (9('(SI'E 110Z 1i1'81 SE 0 0 0 000'191. (1010 616'1581 101.01 111.11('E 906'56(1 5101 (01'14 ti 10'11 0 161'9Z (01'111 111'60 910'6E8'E (L6E'9EI 16819(1 009'6E11 ►IOE 101169 11 906.0E 0 661'01 101'169 590'111 5LI'9011 1661'01) 61E15(0 061'08E1 010E 069'(59 Ei ili'911 0 01E'►II 069'159 611'I15 1E91111 (01(111) (69'11['1 (I00011 1101 156'019 11 6[1'661 0 [11151 LS5'019 011'109 198'1081 ((11161) 181'1(t1 101'1111 1100 161195 01 1(1101 0 608'00Z 161'196 160'999 689'16/.1 (608'011 801'91(1 8651111 0101 191.1Z5 61 851010 0 6[611E 1911E5 Cl0'101 510'1111 (6E51111 11C'81t'E 1(8'1/0'1 600E (S8'081 81 519'88i 0 01'181 (51'081 109'611 I[l't1l1 101'110 9LE11[1 6El'SlO'E 800E 981'6E1 LI 811'601 0 11E111 989'611 11E'681. 511591E (11[1E[) 88110[1 1111161 100E [89'16[ 91 19S111 0 LICK( (8916C 151b(8 100'6S11 111(110 691'661'E E58116'I 900E 66E'LS[ SI 011111 0 10l1(1 66E'151: 161'691 8[5'ISL'E (101'0111 1t6'E6i1 0i'E11'I 5001 8[1'91( 11 151150 0 E9E151 8(1'91( 111'106 1001'1 (191101 90618/.1 999'9t81 1001 110.11E (1 I9810 0 616'00 11011.1 015'116 05'6E1'1 (6i6'060 956'181'1 110.161.E (00E 586110 11 60'I5 0 5I0'0ES S861.(1 169'S86 110'1111 ISIOb(SI S6['8LE1 08('811'I E001 919'101 II 116195 0 18('195 919101 66(.810.1 9801111 (18('1951 110.011.E 189101,1 1001 059'651 01 689'609 0 06[109 0S9'651 108'E901 011'9111 (05C109) (01'111'1 1(6199'1 000E 1151E1 6 [I0'019 0 011'119 E1S'511 909'6601 1008111 WWII 68119E1 1011191 6661 E(E18 8 06'089 0 811'49 111'18 11E 1E1'1 65'511'1 1181'6191 196.190.E 11C1.85'I 8661 6E1'(S L 11['311 0 198'111 6(11S 199'991'1 ` 501'OI1E 1198/111 100'611 [1('115'1 1661 LB('LI 9 110151 0 (19'0S1 18['LI [[6'101'I 116.1.01.E ((19'0511 165.950.E S86'S0S1 9661 10E6'LII S I55'98L 016'll Oi6'SBL 0 1►8'9(E'I 115'SOL'1 (0E6'S11I 101.161.E 919'191'1 5661 (011'I0 t ISL'611 011'(S 011'611 0 0)5'69i'1 01'1011 1011'618) 151'1511 1[1'1(1'I 1661 1881'10 C 195'058 181'18 881158 0 916.1001 1551691 (111151) 160'1111 909'96E1 C661 (119.1t1) E SS8'S68 119'111 LL9'S61 0 9S0'S1[1 110.969.E )119361) S68'91E'1 11E'(5['1 1661 1151151l I LS1'10'1 LSE'LSE LS1110.1 0 LS1111'I 101169'1 (LSl110'l) 00'911'1 94'011'I 1661 0 0 0 0 0 0 0 0 0 0 0661 1/011Y83d0 1111230 10E1 1830 101 (I) 1830 (E)S31100 (11801713 33141S 101 101E 3016836 310111 ' 8031 1016990 30 830m (11 83A10 01301311 100E 803 30031,1 30 10E 133i 01 0 011 157J 130 2301311 11141131I 001S 83119 8A V0,) Al AOiS 01 N0111009 NI ABIOS 30 1I50130-38 '038 S11I1I Imd 809.E 805 A18Y3A 4015110S ''100Y don Inc 131921d 1Y101 118E 'IA 11 31103 MINUS 1119d 11 MA '113031 (10E '00 NI 381d13 1108Q) NI NY14 '1,3(08 = , 308114031138131031901150 000'1918 (11N01000'it) 1*019 019031d 30159 13S RESOLUTION NO. 255 PAGE 62 RITE SDRSIDY OF S10DO/Y1/UNIT OF TO FIRST POSITIVE C S1 F601 YR. OF OPERATION » RESOLUTION NO. 255 PAGE 63 M " C] — o X _ o W 8B o g CD 00 ..Segg'" Hg 8 Cr; P Sg P N~ N Sg~~ .un an M g P a o a P e P 0, . e a TP. T P a a tg v, a a P a a cm urs 0 o e o C. assa_aSsZRERERE! gsS000goSoac' 74r��s: 9. C. 0 0 CCP M RESOLUTION NO. 255 PAGE 64 RESOLUTION NO. 255 PAGE 65 ri m C r m o 0 0 0 0 o a o m o ..� o ems. * r .Z.. — 274 .....oCoo an co, J. Co o 0 0 0 0 CM 10. CP m � � • • 14 c. o— —0. mo 300000e o Coa. 0 _"CP �� a. a�� ON 001 DWI an 0 C. e o 0 0 0 0 0 C. VI 0 aN CM 0 o a o a o OM ...—m.-.mm e oo o oa e CM o aa — G CID 0 0 CP. a P O m m e. CD VI CD 00 00 VI VIo m m o .......o a o 0 0 0 C. o DM fail roe 013 101 Iral ' g .43a. 9. eo .0 an 0 0 S. ^ o ...m 9.o cry.00 r._.m00 o� � Ie�seeaea iE $ x- CZ e CD CD C. C. 0 0 CM 00 CD a. ege .............. o e e o e o 0 00000-e'omnmzi gggeggiaRmkgiii e. 3ge V'ge a e. e - .40 VIS. VI VS s$§s� ta t3 r172 NET OPERATING 1NOONE (BEFORE DERT1 - ea a. /\ 1 RESOLUTION NO. 255 PAGE 66 20 C. an cm an 02. ▪ mm _ OpO0o0 0 o m _ oa=_„ e°0000 e rs cm o pl.. O _ O O C. 0 0 0 0 04 __ O_ ee� O o 0. C. o o O o m m .. 6'4; 041 030 CV Wi co cc an an _ 4-4 C. CD ........ o O O O O o 0 0 O C.0 0 - 0 O Op ev C._ _ ✓t un _ _ un CD Cv C. PkOfl1RL.A OPERATING ANALYSES: 4.14 Owl m a� C ,. cm 0 0 0 0 0 4-4 cm cm cm cm cm cm um cm _ 0 0 0 0 0 0 • 00 CD CV CV rn cm on up — r r"� amT an cm 00 00 C. Z .. um cm ...'`^ rOOOOOo o o PP^ ^ M O m O _ ..... - O o O Cg o 0 0 0 C. EFFWTIVE GROSS IMF Eti g • RESOLUTION NO. 255 PAGE 67 iM CO CD 8 g $ 8 8 g o o $ o e o o S S 0 o e e o 0 0 0 0 0 0 0 0 0 ten 8 eo 0o ..... _.......-..-.o ...«....- •-SZ9 --e t;t5 «rr �."" 4 4��tSgoo..... grra SBor-g•rn8's8 oag:f2S.^120g ..876o=8e8<Sm$.„$e^.goo a or;8�o 0 000 0 o 0 Po CMer omo o o 00^ OD CO o 0 o g o_, e O. M o emo 0 0 om g cca Inc .c ELIM g g g g g g 8 g g g g$ g 8 S g o 8 8$ 8 8 S 8 8 8 0 8 s a 8 S a• S• g 8• a• o• 8 •g• o 8 0 8• S 0 0- o 0 0 o e o 0 0 0 �+ a .�: o v+ e e o_ o o e o 0 0 0 e gsa o g S g $ S e 8 S o 8 8 0 $ g S g o 0 0 0 0 $ 8 8 S 8 8 8 8 8 S 8 8 8 9t 8 8 8 8 S S 8 8 S 8 �t St e - - j $ _ .,, m g 23 ME VE a samsamaamaaStaStaaS88ss8ma==mar=m8saStama=r.088Sma -.4.yC=- e e o• • e��• _• raa -- ..sue=St.-F`i <$ ;-M�R. _ ^^=8se St8StM8sssst%8Msta8st888888SR :=St St SSs<8st8g88 8888g8 ----xx__-- =- s s 8 8 e e 8 s 8 8 8 8 8 8 8 a S AA S 8 S o 8 s m s st si $ . g g s 8 s -g*-- s=mgse=sseeaaveeeeoe000--== 8�0�=-8::o=8B8ttS=gSB14g�gg8s8"S��So�o��==o�S�o RESOLUTION NO. 255 PAGE 68 .74 CD CN C.CM C.C. oCM C.C. C.C. C.CD 4-.411 o�SC. VS�omo_Sc'o V am am SoC.S000SoSo=== ER osgo eg• e�o�aw,•e5Rcm S o C. C. 0 CD C. cm cm cm S o $ ffg gg ER 54 gg 23 ER ER ER 5R ERStSs 5t soEzERSSsRERSRERstatss a cm o S S S cmS�S�g�S�S�o�S RESOLUTION NO. 255 PAGE 69 eCO I SET ASIDE PLEDGED ABUT 12,000/ MITI fc Dv ego LOA Rett 0 0 111 emom _ ;`VM. 0 0 C. C. C. C. C. o C. C. C. C. o C. C. C. C. C. o e o e C. C. C. C. o e Cg c ...... P S S S S S S S S RggnAnMg � T ADDIT!1 AL SUBSIDY Ita). OM ID? OF CP g tE ae CD a K ANOINT NINUS ANY SKDRT FALL IN RFATAL MIKE ROD DEBT SERVICE. REEP)SIT MONIES IS EWE TO TEE PLEI[ l3i 1EF Did DOIM IS TEE ANT. OF IONEY CRA MUST EEPLFTIISB TH£ ELFICE/SUBSIDY ID OFFSET DEBT SEPVICE. II) (7NNLITIVE FUND IS TEE ANT. OF 100 (121 MUST REPLEIIISE TBE PLEDGE 1 SUBSIDY TO OFFSET TEE DFET 1 201 WVFkAGE FACTOR. r" RESOLUTION NO, 255 PAGE 70 • • ■-■ 3 1 3 }77i F§§f - — 2■e§ �3EJ4' 2 k2�k 9 } s� s, m2=§ MIL NITS 3COI1ms I111t1oYl has Silkily Cost # m 11.1N,i12 112,9,7,113 114,I4S,1f1 114,111,415 I IS,211,12i 116,371,511 I II,Su,SS9 I I1,11S,9SI I II,i51,644 I 18,515,219 I 1,,c0,316 121,154,IN 121,1S4.IN 122,2N,N1 la Ca RESOLUTION NO. 255 PAGE 71 \\: k{7_ 15g§ 1 ! =!■a ƒ gk/ a \!9 s aZ«a # §f#$ 5 e!^q =m §-»■3■ 100\00 = \�«# } 7Ff# # 7if1 Rs'§ 4.2 -�=f �-§ae■ }(\§ # }I-, $- fa1 -3-f 3 3-\1/k ■§§ } i4=# /\ 3G7.2 1 1 f a 1 ■ 1 ■ ■ # \1= f 3s= §-R■R ƒi.= kk Q §i§ § §a& 3■ ! 33 5§■ a■e 6sz F7§F 1 sae= s 1111t1c1.1 huts S11116111 Oil 14,20,261 12,155,121 1 i,111,/51 14,412,414 14,011,461 15,259,197 16,411,211 11,153,921 11,511,111 1 1,N1,9N 1,592,144 I 1511,919 19,05,414 11,613,911 111,1ee,112 RESOLUTION NO, 255 PAGE 72 4 ■■§■ { **JI - ■a=■ AIII AI■ - ■mom■ §m • § ---- -■i 40 ■ • ■ • 144, ■ • • -■2 !31 *A= am�a m■m ASSI ■s q f ---- 3C2 4/44 ■ AIII AI §m�■ Ge- ��■ MISS SA - ■m�■ §e_ =■ 44, 44. 44. • • • 41, 4.4 411. 444 044 @ • 2§■@ §§■m 11311E )aas 2sai $IaI Very Loy locoie Volts 3 ■■■ a ] ■ ■ • =■__ __�. _■rA_ =m="" _■__ =m="" • ■ • ■ • • ■ ■ E m■s■:mI $ m§§R m■a§ XX 4 e§§m z: 12 i!!! § kf! k Very La lease kaU ■ a 1 3 RESOLUTION NO, 255 PAGE 73 • ■ _ f-- 21-t#-f#=2■1. 1411G1 SD3SID/ RI gilt EXHIBIT 4 Ilodeute !scow Level Very La luau Level m • =_= -▪ m § 1 « ■ 0 PO PEP OP ==s 2me 2 pal, PP 3 §- a §e2I«§ ■e§ m-- PPP ■ Pr. $ t?f §FF k@m § m4n==3 ill 411, ■E ■ ■ 10. �■ I9 VD eV 2e • o. mY17f s= = • 1I E3 p■ a j Pa dEl PP i pa PO a Maggio. ?able, $ §Qc-- f§liII §mess-7a§5 §a» a; a ;$ m3 RESOLUTION NO. 255 PAGE 74 ilmar ------.---=rssa:a=ass..cssTZ3MMsUtMillaz= Palm Desert Redevelopment Agency Projected Housing Increment Fiscal Years* 1991/1992 - 2010/2011 PV 8 9.00% PV a 9.00% Fiscal Total Total Year Available $ Needed $ =MOBWsssa=s MOMMOUMMIWILMM :-ssmissmsa 1992 10,808,719 1993 3,087,700 1994 3,159,340 1995 3,200,536 1996 3,195,987 1997 3,277,938 1998 3,343,820 1999 3,394,848 2000 3,433,872 2001 3,465,592 2002 3,489,957 2003 3,508,474 2004 3,452,407 2005 3,462,775 2006 3,364,378 2007 3,267,414 2008 3,355,200 2009 3,248,217 2010 3,141,428 2011 3,010,938 2012 2,885,307 2013 2,764,407 2014 2,648,104 2015 2,536,267 2016 2,428,762 2017 2,325,458 2018 2,226,221 2019 2,130,921 2020 2,039,428 2021 1,951,613 4,265,263 2,619,651 3,181,932 3,461,261 2,904,162 3,418,117 3,826,986 3,475,812 3,769,237 3,991,402 3,629,381 3,306,019 3,443,497 3,135,852 3,221,727 3,272,322 3,291,858 3,003,344 2,998,672 2,736,564 2,715,741 2,679,899 2,630,667 2,403,728 2,357,660 2,147,177 2,092,249 2,055,114 1,885,425 1,830,404 PV 9 99 i 97,609,027 89,751,123 Attachment No. 6 I W CD PALM DESERT REDEVELOPMENT AGENCY PROJECTED HOUSING INCREMENT FISCAL YEAR 1991-92 THROUGH 2020-21 Towne Center Added Original Palma Village Apartment Project No. 1 TOTAL NET Territory Project No. 1 Debt Service Commitment Total Project No. 2 Project No. 3 AVAILABLE 1 1991-92 1,749,498 1,132,073 744,000 2 1992-93 1,954,872 1,191,075 745,000 3 1993-94 2,133,372 1,267,977 741,000 4 1994-95 2,307,197 1,344,837 740,000 5 1995-96 2,486,713 1,410,026 742,000 6 1996-97 2,750,602 1,493,610 743,000 1 1997-98 3,032,964 1,582,210 743,000 8 1998-99 3.335,090 1,676,126 743,000 9 1999-00 3.658,366 1,775,677 743,000 10 2000-01 4,004,270 1,881.201 743,000 11 2001-02 4,374,388 1,993,056 743,000 12 2002-03 4,770,415 2,111,623 743,000 13 2003-04 5,194,163 2,237,303 743,000 14 2004-05 5,647,573 2,167,333 743,000 15 2005-06 5,924,802 2,253,112 743,000 16 2006-07 6,213,119 2,342,323 743,000 17 2007-08 6,512,969 2,435,102 0 18 2008-09 6,874,813 2,53I,593 0 19 2009-10 7,149,131 2,631,943 0 20 2010-11 7,486,421 2,736,307 0 21 2011-12 7,837,203 2,844,846 0 22 2012-13 8,202,017 2,957,726 0 23 2013-14 8,581,422 3,075,121 0 24 7014-15 8,976,005 3,197,212 0 25 2015-16 9,386,370 3,324,187 0 26 2016-17 9,813,150 3,456,241 0 27 2017-18 10,257,001 3,593,577 0 ul 28 2018-19 10,718,607 3,736,406 0 79 2019-70 11,198,676 3,884,949 0 30 2070-21 11,697,946 4,039,433 0 0 11,885,000 RESOLUTION 0 2,137,571 831,148 0 2,968,719 0 2,400,947 908,401 56,246 3,365,593 0 2.660,349 984,004 107,824 3,752,177 0 2,912,034 1.073,194 157.410 4,142,638 0 3,154,739 1,167,735 186,663 4,509,136 0 3,501,213 1,322,691 217,208 5,041,111 0 3,872,174 1,484,092 249,101 5,605,367 0 4,268,216 1,652,584 282,400 6,203,200 0 4,691,043 1,837,925 310,354 6,839,321 0 5,142,471 2,041,799 339,563 7,523,834 0 5,624,445 2,266,062 368,237 8,258,743 0 6,139,037 2,512,750 398,115 9,049,903 0 6,688,466 2,784,108 429,247 9,901,821 0 7,071,906 3.082,601 461,683 10,616.190 0 7,434,914 3,312,441 495,478 11,242,833 0 7,812,442 3,558,369 530,687 11,901,498 0 8,948,071 3.821,513 563,498 13,333,082 0 9,356,406 4,103,076 597,609 14,057.091 0 9,781,074 4,404,349 633,072 14,818,495 0 10,222,728 4,588,556 669,940 15,481,224 0 10.682,049 4,780,131 708.268 16,170.448 0 11,159,742 4,979,369 748,116 16,887,228 0 11,656,544 5,186,577 789,544 17,632,665 0 12,173,217 5,402,073 832,615 18,407,905 0 12,710,557 5,626,189 877,393 19,214,139 0 13,269,391 5,859,270 923,946 20,052,608 0 13,850,578 6,101,673 972,349 20,924,601 0 14,455,013 6,353,773 1,022,671 21,831,457 0 15,083,625 6,615,957 1,074,990 22,774,572 0 15,737,382 6,888,628 1,129,385 23,755,395 366,262,993 N • 0 Z 4J CO CD I 4 •-1 U ro 4.1 4) a RESOLUTION NO. 255 PAGE 76 1 W / •I O .D W ` c J. n N ^J N N N N N 'J N N N N N N N N N N N N N - •1 CD CD CD CD O OO CD CD O O O OOO OO 0 0 0 O.D .D•D '.o ,p O ,D O ,D O 1 N.- 0 0 0 O 0 0 O O O II O .J O -4 CM A W N O .D O C1 (f• A W N ^' O O O CD ,DO CO •J OD VDVDOD ' I I O mo a :m A w N- p N N O O O 0 0 O O O O O .O . 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N 7 N C17 3 x .0 00 Attachment No. 7 2-10 W CD L145 OX Growth I OY, Growth 4.0% Growth Rate 1997-93 Rate 1996-97 Rate 2005-06 through 1995-96 through 2004-05 through 2020-21 fiscal Forecasted New Year AV Growth Development (1) (2) Net Incremental Valuation (3) PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 1 (ADDED TERRITORY) HOUSING/INCREMENT PROJECTIONS 1.00000% LEVY RATE $6,000,000 CAP ON COUNTY'S SHARE WITHHELD 04-Feb-92 Estimated Unitary Total Tax Utility Gross Tax Increment Revenue Increment (4) (5) (6) Pass-Thru Agreements (7) Low & Mod Housing Fund at 20% (8) Cumulative Annual Total Estimated Net To Agency (9) Cumulative Annual Total BY 1981 82 1 1991-92 2 1992-93 3 1993-94 4 1994-95 5 1995-96 6 1996-97 1 1997-98 8 1998-99 9 1999-00 10 2000-01 11 7001 02 12 2007-03 13 2003-04 14 2004-05 15 2005-06 16 2006-07 17 7007-08 18 2008-09 19 2009-10 20 7010-11 21 2011-12 27 2012-13 23 2013-14 124 7014-15 25 2015-16 . 26 2016-17 O 77 2017-18 78 2018-19 29 2019-20 O 30 2020-71 656,065,059 1,516,314,489 1,592,130,213 1,699,951,193 1,793,663,753 1,884,921,941 2,016,866,476 2,158,047,130 2,309,110,429 2,470,748,159 2,643,700,530 2,878,759,567 3,026,772,737 3,238,646,828 3,465,352,106 3,603,966,191 3,748,124,838 3,898,049,832 4,053,971,825 4,216,130,698 4,384,775,926 4,560,166,963 4,742,573,642 4,932,276,587 5,129,567,651 5,334,750,357 5,548,140,371 5,770,065,986 6,000,868,625 6,240,903,370 6,490,539,505 26,870,923 8,300,000 1,500,000 0 0 0 0 0 860,249,430 962,936,077 1,052,186,134 1,139,098,694 1,228,856,882 1,360,801,417 1,501,982,071 1,653,045,370 1,814,683,100 1,987,635,471 2,172,694,508 2,370,707,678 2,582,581,769 2,809,287,047 2,947,901,132 3,092,059,779 3,241,984,773 3,397,906,766 3,560,065,639 3,728,710,867 3,904,101,904 4,086,508,583 4,276,211,528 4,473,502,592 4,678,685,298 4,892,075,312 5,114,000,927 5,344,803,566 5,584,838,311 5,834,474,446 8,602,494 144,997 8,747,491 2,902.021 1,749,498 1,749,498 4,095,972 9,629,361 144,997 9,774,358 3,371,675 1,954,872 3,704,370 4,447,811 10,521,861 144,997 10,666,858 3,784,644 2,133,372 5,837,741 4,748,843 11,390,987 144,997 11,535,984 4,186,796 2,307,197 8,144,938 5,041,991 12,288,569 144,997 12,433,566 4,602,116 2,486,713 10,631,651 5,344,736 13,608,014 144,997 13,753,011 5,212,636 2,750,602 13,382,254 5,789,773 15,019,821 144,997 15,164,818 6,830,002 3,032,964 16,415,217 5,301,852 16,530,454 144,997 16,675,451 7,732,406 3,335,090 19,750,307 5,607,955 18,146,831 144,997 I8,291,828 8,593,490 3,658,366 23,408,673 6,039,973 19,876,355 144,997 20,021,352 9,514,849 4,004,270 27,412,943 6,502,232 21,726,945 144,997 21,871.942 10,500,704 4,374,388 31,787.332 6,996,849 23,707,077 144,997 23,852,074 11,555,569 4,770,415 36,557,746 7,526,090 25,825,818 144,997 25,970,815 12,684,274 5,194.163 41,751,909 8,092,378 28,092,870 144,997 28,237,867 13,891,989 5,647,573 47,399,483 8,698,305 29,479,011 144,997 29,624,008 14,630,420 5,924,802 53,324,285 9,068,787 30,920,598 144,997 31,065,595 15,398,388 6,213,119 59,537,404 9,454,087 32,419,848 144,997 32,564,845 16,197,076 6,512,969 66,050,372 9,854,800 33,979,068 144,997 34,124,065 17,027,710 6,824,813 72,875,185 10,271,541 35,600,656 144,997 35,745,653 17,891,570 7,149,131 80,024,316 10,704,952 37,287,109 144,997 37,432,106 18,789,985 7,486,421 87,510,737 11,155,700 39,041,019 144,997 39,186,016 19,724,336 7,837,203 95,347,940 11,624,477 40,865,086 144,997 41,010,083 20,696,061 8,202.017 103,549,957 12,112,005 42,762,115 144,997 42,907,112 21,706,655 8,581,422 112,131,379 12,619,035 44,735,026 144,997 44,880,023 22,757,673 8,976,005 121,107,384 13,146,345 46,786,853 144,997 46,931,850 23,850,731 9,386,370 130,493,754 13,694,749 48,920,753 144,997 49,065,750 24,987,512 9,813,150 140,306,904 14,265,088 51,140,009 144,997 51,285,006 26,169,765 10,257,001 150,563,905 14,858,241 53,448,036 144,997 53,593,033 27,399,307 10,718,607 161,282,512 15,475,119 55,848,383 144,997 55,993,380 28,678,031 11,198,676 172,481,188 16,116,673 58,344,744 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xel Palew[ls3 31V8 AA31 %00000.1 SN01133f0dd 1N3W3dDNI/9NISfOH 2 'ON V38V 133106d AJN39V 1N3Wd013A30311 183530 N1Vd (£) uollenleA l eluawaJou l laN (Z) (I) luawdolana0 41MoJ9 AV JeaA Map palseDaJoj 1e3Stj IZ-020Z 4600J41 11-010Z ale8 47M0J') 7.0 0I-600Z 4bno-i41 90-S001 a[r'8 41M0.0,) ';Lo 50-P001 46nOJ41 /6-9661 "Intl 4:M0.,5, tin 96-5661 46n0-4l £6-Z661 aleh 41MuJt1 :u 61 9 •oN NOlifZOS:all k rn 0 PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 3 HOUSING\INCREMENT PROJECTIONS - Gross $t.25 Million Scenario TIical Yna r Secured New Unsecured Annual AV Development Annual AV Net Incremental Valuation (3) Page B-I 05-Feb-92 Estimated Gross Tax Increment (4) Low & Mod Housing Fund (5) Estimated Net Tax Increment (6) All Pass-Thru Agreements (7) Net to Agency After All Cumulative Pass-Thrus Total (8) BY 1990-91 157,874,765 1 1991-9? 146,780,79I 2 1997-93 152,652,023 3 19Q3-94 1/5,537,637 4 1994-95 202,105,133 5 1995-96 227,631,911 6 1996-97 242,580,092 7 1997-98 258,195,142 8 1998-99 274,505,874 9 1999-00 291,542,249 10 2000-01 305,792,987 11 7001-02 370,691,427 12 2002-03 335,305,440 13 2003-04 350,539,740 14 7004-05 366,419,855 15 7005-06 387,972,344 16 2006-07 400,224,847 17 7007-08 418,206,122 18 7008-09 434,934,367 19 7009-10 457,331,742 70 7010-11 470,425,012 71 7011-17 489,742,012 72 7012-13 508,811,693 73 7013-14 5?9,164,160 74 7014-15 550,330,727 75 7015-16 572.343,956 2r 7016-17 595,737,714 27 2017-18 619,047,223 28 7018-19 643,809.112 79 7019-20 669,561,416 230 2070-21 696,343,935 O ri RESOLUTION (Secured and Unsecured 11,922,667 16,134,167 12,161.120 18,794,272 12,404,343 16,771,768 12,652,430 5,618,112 12,905,478 5,684,467 13,163,588 5,752,814 13,426,860 5,873,211 13,695,397 2,489,470 13,969,305 2,564,154 14,248,691 1,717,650 1,757,003 1,787,043 1,827,784 1,859,240 1,896,424 4.00% Annual 7.00% Annual 14,533,665 14,824,338 15,120,825 15,423,241 15,731,106 16,046,340 16,367,267 16,694,612 17,028,504 17,369,074 17,716,456 18,070,785 18,432,201 18,800,845 19,176,862 19,560,399 19,951,607 20,350,639 20,757,652 21,172,805 Base) 28,123,045 53,9II,936 78,705,066 93,331,302 108,603,883 124,550,551 141,200,217 155,176,758 169,781,567 184.118,476 199,057,515 214,623,343 230,841,615 247,739,025 265,343,347 281,749,124 298,804,714 316,535,981 334,969,821 354,134,203 374,058,213 394,772,096 416,307,307 438,696,553 461,973,848 486,174,565 511,335,486 537,494,863 564,692,475 281,230 539,119 787,051 933,313 1,086,039 1,245,506 1,412,002 1,551,768 I,697,816 1,841,185 1,990,575 2,146,233 2,308,416 2,477,390 2,653,433 2,817,491 2,988,047 3,165,360 3,349,698 3,541,342 3,740,582 3,947,721 4,163,073 4,386,966 4,619,738 4,861,746 5,113,355 5,374,949 56,246 107,624 157,410 186,663 217.208 249,101 282,400 310,354 339,563 368,237 398,115 429,247 461,683 495,478 530,687 563,498 597,609 633,072 669,940 708,268 748,116 789,544 832,615 877,393 923,948 972,349 1,022,671 1,074,990 5,646,925 1,129,385 WWWWWWWWW 224,984 431,295 629,641 746,650 868,831 996,404 1,129,602 1,241,414 1,358,253 1,472,948 1,592,460 1,716,987 1,846,733 1,981,912 2,122,747 2,253,993 2,390,438 2,532.288 2,679,759 2,833,074 2,992,466 3,158,177 3,330,458 3,509,572 3,695,791 3,889,397 4,090,684 4,299,959 4,517,540 35,351 67,767 98,932 117,317 136,515 156,560 177,489 238,318 308,441 697,962 763,778 873,194 966,359 1,063,424 1,164,550 1,258,792 1,356,766 1,458,621 1,564,513 1,674,600 1,789,052 1,908,041 2,031,747 2,160,360 2,294,074 2,433,093 2,577,627 2,727,897 2,884,131 189,634 363,528 530,708 629,333 732,316 839,844 952,113 1,003,096 1,049,811 774,985 808,682 843,792 880,374 918,488 958,196 995,201 1,033,672 1,073,667 1,115,246 1,158,473 1,203,414 1,250,136 1,298,711 1,349,212 1,401,717 1,456,304 1,513,057 1,572,062 1,633,409 189,634 553,162 1,083,870 1,713,203 2,445,519 3,285,363 4,237,477 5,240,573 6,290,384 7,065,370 7,874,052 8,717,844 9,598,218 10,516,706 11,474,903 12,470,104 13,503,776 14,577,443 15,692,689 16,851,162 18,054,576 19,304,712 20,603,423 21,952,635 23,354,352 24,810,655 26,323,712 27,895,774 29,529,183 Secured Growth Rate 3\housing2 Unsecured Growth Rate RESOLUTION NO. 255 N PAGE 80 N QO •V N N IV N N N N no N n 0 .O CD m. 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CA 11 opeuaDs uoill!W Attachment No. 7 6-10 .-1 Page 8-3 05-Feb-92 oo C7 PALM OfSFRI REDEVELOPMENT AGENCY PROJECT ARFA NO. 3 cLi t1OUSINh\INCREMENT PROJECTIONS - Gross $1.25 Million Scenario FI;ra1 Year Fire Fire Agency's Net Initial Share of Share Pass-Thru Fire 6.02% 3.01X Co, Library Agency's County Library Fire & Fire Share of Cumulative After After After Pass-Thru Co Li & Fire $2 Million $2 Million $2 Million Total Total Total County library Fire Pass-Thru Pass-Thru n O II 2001-0? 88,671 10,828 77,843 273,761 320,684 2,160.245 456.982 48,791 88,671 456,982 48,791 88,671 2 1? 2002-03 95,866 14,760 81,106 307,906 334,771 2,495,015 494,061 52,750 95,866 494,061 52,750 95,866 AJ 13 2003-04 103.363 18,856 84,506 343,484 349,449 2,844,465 532,695 56,875 103,363 532,695 56,875 103,363 C O 14 2004-05 111,173 23,124 88,049 380,552 364,743 3,209,208 572,949 61,173 111,173 572,949 61,173 111,173 6 ' 15 2005-06 119,311 27,571 91,740 419,173 380,677 3,589,885 614,888 65,651 119,311 614,888 65,651 119,311 ,C 1` 16 2006-07 177,789 32,204 95,585 459,410 397,278 3,987,162 658,582 70,316 127,789 658,582 70,316 127,789 0 17 2007-08 135,690 36,521 99,169 496,907 412,748 4,399,910 699,301 74,664 135,690 699,301 74,664 135,690 MI 18 2008-09 143,904 41,010 102,895 535,890 428,831 4,828,741 741,633 79,183 143,904 741,633 79,183 143,904 4.1 19 ?009-10 152,444 45,676 106,768 576,417 445,552 5,274,293 785,642 83,882 152,444 785,642 83,882 152.444 „C 20 2010-11 161,321 50,527 110,794 618,549 462,934 5,737,227 831,395 88,767 161,321 831,395 88,767 161,321 21 2011-12 170,551 55,570 114,981 662,352 481,006 6,218,233 878,961 93,846 170,551 878.961 93,846 170,551 2? 2012-13 180,146 60,814 119,333 707,890 499,794 6,718,028 928,412 99,125 180,146 928.412 99,125 180,146 23 2013-14 190,122 66,265 123,857 755,234 519,327 7,237.355 979,824 104,615 190,122 979.824 104,615 190,122 24 2014-15 200,494 71,932 128,561 804,455 539,634 7,776,989 1,033,275 110,321 200,494 1,033,275 110,321 200,494 ?5 2015-16 211,276 77,824 133,452 855,628 560,747 8,337,736 1,068,845 116,255 211,276 1,088,845 116,255 211,276 26 2016-17 227,487 83,950 138,537 908,831 582,697 8,920,434 1,146,619 122,423 222,487 1,146,619 122,423 222,487 27 2017-18 234,147 90,319 143,823 964,145 605,518 9,525,952 1,206,685 128,836 234,142 1.206,685 128,836 234,142 ?8 2018-19 246,259 96,940 149,319 1,021,653 629,245 10,155,197 1,269,135 135.504 246,259 1.269,135 135,504 246,259 29 2019-20 258,858 103,824 155,033 1,081,443 653,913 10,809,109 1,334,062 142,436 258,858 1,334,062 142,436 258,858 rrn30 2020-21 271,956 110,982 160,974 1.143,606 679,560 11,488,669 1,401.567 149,644 271,956 1,401,567 149.644 271,956 N 50.00% BY 1990-91 1 1991-92 2 1992-93 3 1993-94 4 1994-95 5 1995-96 6 1996-97 7 1997-98 8 1998-99 9 1999-00 10 2000-01 RESOLUTION NO. 13,544 0 13,544 35,351 55.447 55,447 0 0 0 35,351 0 0 25,964 0 25,964 67,767 106,293 161,740 0 0 0 67,767 0 0 37,904 0 37,904 98,932 155,175 316,915 0 0 0 98,932 0 0 44,948 0 44,948 117,317 184,012 500,927 0 0 0 117,317 0 0 52,304 0 52,304 136,515 214,123 715,050 0 0 0 136,515 0 0 59,984 0 59,984 156,560 245,564 960,614 0 0 0 156,560 0 0 68,002 0 68,002 177,489 278,390 1,239,005 0 0 0 177,489 0 0 74,733 3,212 71,521 207,612 293,392 1,532,397 0 0 0 202,986 1,414 3,212 81,767 7,055 74,711 240,993 307.164 1,839,561 0 0 0 230,831 3,106 7,055 'ON NOIZn'Iosna _ ____ _ NJ_ - _ n _ -- k I£1'499'Z £96'LZI 0I9'SZ s S61'09 ZZ£'Z41 969'099 1Z-0202 0f'-" L69'121'2 169'6II SVI'4l £Z0'SL 441'£CI 9£S'099 02-6102 6Z L29'LIS'Z SSC'III 49S'22 940'OC SI£'4Z1 L90'86S 61-9102 92 £60'££4'Z lli'401 000'IZ 49Z'S9 4Z9'S11 9IZ'LSS 8I-L102 1Z 9L0'062'2 09L'96 £2S'61 Z99'09 69'L0I 4Z6'LIS L1-910Z 9Z 09E'091'7 911'69 660'81 S£2'9S 109'66 ZE1'089 91-S102 S2 LtL'1£0'Z S26'29 92L'91 9L6'IS SVZ'Z6 I9L'£44 SI-0102 4Z I$0'906'I 26£'91 OIV'S1 189'[4 9L6'09 L19'900 VI-£102 £Z ZS0'68L'I 801.0E £4I'4I 446'£4 186'11 L8I'SLC £1-21Ol ZL 009'4L9'1 £90'09 E26'ZI SSI'04 £92'IL 9£9"1O£ ZI-IIOZ 1Z CIS'49S'I 60Z'9S 0SL'I1 01S'9£ 96l'99 421'ii£ 11-0102 O2 IZ9'9S9'I 9S9'ZS Zl9'0I S00'E£ 4LS'9S S61'192 01-6001 61 99L'9SE'I LLZ'L4 LES'6 ££9'6Z I6S'2S L00'ESZ 60-9001 81 b Z6L'9SZ'I £01'Z9 £64'9 06£'9Z S£9'94 91C'SZZ 90-1002 Ll tY OSS'49I'1 SZI'L£ 694'L 0LZ'£Z 96Z'I4 099'961 L0-9002 91 0 4l4'£90'I S9L'1£ ZIP'9 £Z6'61 /S£'SC 96040[1 90-S002 Si 6S£'996 9S9'9Z 9LC'S 60C'91 4S9'6Z 499'Z4i SO-400C 41 OD ? 461'£L9 9CL'Il S9C'4 SZ9'E1 191'OZ Z££'9I1 00-COOL CI 1 :8 911.18E SI0'L1 EWE S99'01 9Z6'91 090'16 £0-LOO1 Z1 p = Z96'L69 £99'Z1 8IS'Z S29'L 999'£1 S09'99 20-1002 11 R 100.90E 4£1'9 109'1 960'S 900'6 9ZS'C9 10-0002 01 z 9I£'9£2 £0L'£ 91 IZ£'2 611'0 919'61 00-6661 6 0 694'LLI 0 0 0 0 0 66-9661 9 09S'9S1 0 0 0 0 0 96-1661 1 '`4 SIS'9£I 0 0 0 0 0 L6-9661 9 L1£'L11 0 0 0 0 0 96-S661 S Z£6'96 0 0 0 0 0 S6-0661 0 L9L'19 0 0 0 0 0 96-E661 £ ISCSE 0 0 0 0 0 £6-2661 Z 26-I661 1 16-0661 A9 Z6-9a3-S0 %00.0S %00*OS %00.OS %00'OS %00'0S f111H1-SSVd 1V101 XLO'1 %OL'O X9I'? %99'£ 74LS.91 punj punj punj punj punj (ellde3 (elide) (elldej lelldep lelldeJ OMJ ollnbsop AJ Sloo4oS -op JJ 4uasa0 0 S1 SO 0-9 abed JeaA lepsil o(uvuaos uollllw SZ.i$ ssou9 - SN0I133C0ad 1NJW321JNI\9NIS(lOH ro £ *ON V3bV 1J3C08d AJN39V 1N3Wd013A30321 1213S30 W1Vd 47 V1 c0 W PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 1 (ADDED TERRITORY) a TAX INCREMENT PROJECTIONS 04-Feb-92 Fiscal County County County Cumulative Initial (10%) CV Parks & Rec CV Mosquito 40% Pass-Thru All Other TOTAL Year Capital Fire Library Annual Pass -Through Tax Increment Tax Increment from PO RDA Taxing Agencies PASS-THRU Fund ?4% District District Contribution (SEE NOTE BELOW) based on based on (SEE NOTE BELOW) Overrides & 28.94% 6.11% 2.80% by all Co. 59.35% 2.11% 1.43% 55.45% (50&100%) (50&100X) 1 1991-9? 2,099,398 213,789 122,465 768,380 415,331 ? 1992-93 2,345,846 238,885 136,841 1,626,959 457,202 3 1993-94 2,560,046 260,698 149,336 2,563,936 499,578 4 1994•95 2,768,636 281,939 161,504 3,577,257 540,844 5 1995-96 2,984,056 303,876 174,070 4,669,421 583,461 6 1996-97 3,300,723 336,124 192,542 5,877,486 646,109 7 1997-98 4,319,797 707,169 405,089 6,000,000 713,141 8 1998-99 4,825,875 815,096 466,913 6,000,000 784,866 8 1999-00 5,293,655 894,105 512,171 6,000,000 861,612 107000-01 5,794,179 978,644 560,598 6,000,000 943,729 11 2001-02 6,329,740 1,069,101 612,414 6,000,000 1,031,595 1? 2002-0.3 6,907,790 1,165,889 667,858 6,000,000 1,125,612 13 2003-04 7,515,954 1,269,453 727,183 6,000,000 1,226,210 14 2004-05 8,177,039 1,380,267 790,660 6,000,000 1,333,849 15 2005-06 8,573,188 1,448,02? 829,472 6,000,000 1,399,663 16 7006-07 1 8,990,383 1,518,486 869,837 6,000,000 1,468,110 17 2007-08 ' 9,424,266 1,591,770 911,816 6,000,000 1,539,294 18 2008-09 9,875,504 1,667,984 955,474 6,000,000 1,613,326 19 2009-10 10,344,792 1,747,248 1,000,878 6,000,000 1,690,319 20 2010-11 10,832,851 1,829,681 1,048,099 6,000,000 1,770,392 71 2011-17 11,340,433 1,915,412 1,097,208 6,000,000 1,853,668 ?7 7017-13 1 11,868,318 2,004,573 1,148,282 6,000,000 1,940,274 23 7013-14 12,417,318 7,097,300 1,201,399 6,000,000 2,030,345 In 74 7014-15 12,988,279 2,193,736 1,256,641 6,000,000 2,124,019 tr.) 75 7015-16 13,582,077 2,294,029 1,314,092 6,000,000 2,221,440 c4 RESOLUTION NO. 26 7011-17 21 2012-13 78 2013-14 29 7014-15 30 2015-16 14,199,628 14,841,881 15,509,824 16,704,484 16.926,931 2,398,334 2,506,811 2,619,627 2,736,956 2,858,979 1,373,841 1,435,980 1,500,605 1,567,815 1,637,713 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 2,322,757 2,428,128 2,537,713 2,651,681 2,770,208 3,821 14,441 23,581 32,481 41,673 55,185 51,267 62,860 77,256 92,659 109,141 126,776 145,646 165,837 178,182 191,021 204,373 218,260 232,702 247,722 263,343 279,588 296,483 314,054 332,328 351,333 371,098 391,654 413,032 435,265 2,590 9,787 15,981 22,014 28,243 37,400 34,745 42,602 52,358 62,797 73,967 85,919 98,708 112,392 120,758 129,460 138,509 147,920 157,708 167,887 178,474 189,484 200,934 212,843 225,227 238,107 251,503 265,434 279,922 294,990 44,628 168,672 275,423 379,378 486,737 644,554 598,793 734,194 902,334 1,082,243 1,274,746 1,480,724 1,701,120 1,936,945 2,081,135 2,231,092 2,387,047 2,549,241 2,717,923 2,893,352 3,075,798 3,265.542 3,462,875 3,668,102 3,881.538 4,103,512 4,334,364 4,574,451 4,824,141 5,083,818 0 2,902,021 0 3,371,675 0 3,784,644 0 4,186,796 0 4,602,116 0 5,212,636 0 6,830,002 n 0 7,732,406 0 8,593,490 O 0 9,514,849 Z 0 10,500,704 0 11,555,569 C 0 0 0 12,684,274 E3 1 0 13,891,989 J~ O 0 14,630,420 U ro 0 15,398,388 4.1 0 16,197,076 4 0 17,027,710 0 17,891,570 0 18,789,985 0 19,724,336 0 20,696,061 0 21,706,655 0 22,757,673 0 23,850,731 0 24,987,512 0 26,169,765 0 27,399,307 0 28,678,031 0 30,007,904 10.00% 90.00% 90.00% 40.00% RESOLUTION NO. 255 PAGE 84 • J ^J V ' ✓ A W V 44 4 I N V no N N O O O O O ' I I A a (..1 N .- I to n 11 V no V V A J V --• N O'0 0 -4 0' V N N N V 7J N '.: N N 0 0 00 O O O O O Co O O O O A A W MO -' O 'D CD V C' 1 T or, A (.., 'V 'D S `S 0' V r a O no N (n cm -.4O0 no Cc a V • 'D .- v a CM cr Co •D ,D 'O CD CD CO or 0 '4 W V' 0' CO N OO Cn LnCD v CO 'D W V A N O 'D 0' A A A A A .0 v V' W .4 no Co A 0' 07 (n0 NN '0 Co A 'D v CO V .4 (n O CO Cr, (7' a Co N v v 0' 0' C' A .+ Co cm W A (' C' 'D N V n. 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CO V V VD CD .-' A 0' 1s W V O .O .O (n CA AA W CAC, tn.- O' ✓'4 01 0 C71 CD 010A CO O O A( n CO CO O C' N CM .O N CO A C' (n aN O W 0 'D CD V D a v O CO CD CM O Cn 0' v W .4 A O V V 0' (n Co 0' O A 'D Jr V W'D A '0 W (n (7' N W Lo 0' .4 V !V N NO N N CD 0' A N O A NJ W A A- NC' (n W O' •-- O CD V0' NN '00' O' CD r 0 0 0 0 O 0 0 0 0 0 00000 0 0 0 O 0 O O O O O 0' N'WN 40 CM m4 'D V O'•" Co no CD 01 -CD (71 V C. O .O v N O'40CD4. 0C C 0. N 0 O ( O N _(0 D C A C .• W C O O 0 '0 7 Or A V (n 1 V' O 41 Or • O -4 V' W 7 4-- O O 1 N O C < O (< -0 0 Or < VI N N 0 N 1 1 C O 1 -4• N 0 7• 0.0 O 1 CO A C CO •D 7 01 01 0 a 1 N O NDI • W -4 N W 7 7- O P C < o '< 10 d V1 O CA( 0 O CI no 7• CO C O f) •O 0 DI • N O Ul V1 1 0 O 5 A 7 es, C O (G Attachment No. 7 1(1_1n