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Home My WebLink AboutRDA RES 294RESOLUTION NO. 294 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY APPROVING A REPORT REGARDING EXCESS TAX INCREMENT REVENUES AND MAKING FINDINGS RELATED THERETO 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 Report Regarding Excess Tax Increment Revenues, which Report is attached hereto as Exhibit A. Such 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 51143, the projected housing needs included in the requirement set forth in paragraph 1.d of such Stipulation, and the estimated amounts of money necessary to meet the requirements of paragraph 1.a, b, c and d of such Stipulation. Such Report includes evidence and analysis reasonably supporting and substantiating the projections therein. Such Report is hereby approved. Section 2. The Agency hereby finds and determines that the surplus revenues described in the Report are not and will not be necessary to meet the housing requirements set forth in paragraph 1.a, b and c with respect to Project Areas Nos. 1 and 2 of the Agency, and are not and will not be necessary to meet the housing requirements set forth in paragraph 1.d with respect to Project Area No. 2 of the Agency. Such surplus revenues thereby constitute "excess tax increments" within the meaning of that term under paragraph 2 of such Stipulation. Such surplus revenues therefore may be pledged on an annual basis to pay future debt service on bonds, notes or other evidences of indebtedness of the Agency to finance its redevelopment activities which are unrelated to low and moderate income housing, and such bonds, notes, or other evidences' of indebtedness will thereby constitute a "prior indebtedness" within the meaning of such term under paragraph 2 of such Stipulation. RESOLUTION NO. 294 PASSED, APPROVED AND ADOPTED this 9th day of June, 1994. AYES: BENSON, KELLY, SNYDER, WILSON NOES: NONE ABSENT: CRITES ABSTAIN: NONE (ThTT ST Sheila 1( Gilligan,/ ecretary 2 S. 6y Wilson, ChairmaV 1 RESOLUTION NO. 294 REPORT REGARDING EXCESS TAX INCREMENT REVENUES MAY 1994 This Report (the "Report") has been prepared pursuant to paragraph 2 of the Stipulation for Entry of Judgment 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 (the "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 as follows: PALM DESERT REDEVELOPMENT PROJECT AREAS 1993-94 EQUALIZED ASSESSED ROLL VALUE Total Assessed I Secured & Utility Unsecured Value Project Area No. 1 Original Territory S445,876,182 558,675,651 -$504,551,833 Project Area No. 1 Amended Area S1,670,162,899 S21,059,4% S1,691,222,395 Project Area No. 2 $573,487,748 S10,236,831 S583,724,579 Project Area No. 3 S175,374,108 S15,638,807 S191,012,915 Project Area No. 4 $608,104,046 S2,856,751 $610,960,797 1 Attachment No. 1 to this Report are documents received by the Agency from the County of Riverside's (the "County') Auditor -Controller which confirms the above -described amounts. 1 Actual value not available, estimate bend on 1992-93 base year assessment Tallyhos. 1 5126194 2. During the last several fiscal years, the net assessed value of taxable property for each of the Project Areas of the Agency has increased as follows: Mod 11/010CTA11SA Kt Ve 011112MAL122112113819 Ono& 198546 1301,032,7113 198647 1329.193.372 9.35% 191742 1360,310.236 9.47% 199849• 3336,719,397 .1.00% 191940 1397,104,031 11.30% 199041 1443,241,399 11.62% 1991A2 1440,970,175 4.00% 1992.93 S476.309,811 3.3716 1993-94 8504, / 39.473 3.10% Average pernsase'scream 6.74% PALM Dew ammo/saw AGIDYCY PAL11 MEW RIMIVZLOAQJIT fROMM ARIAS AP ---- VALUATION Ninon co I TAMA11G1 ArpoAMA am* 11110111CTA13A NO.2 cm* 11f010CTAd►110.3 9976,961.219 (sot .gilsb s) 81,034,219,473 7.91% S102,137,101 11,106,940,011 4.99% (Not ay.iYM) 11,141,343.276 3.12% 1267,444.261 11.27033,404 12.03% 2343,011,631 11,403,137,216 9.79% 131,794.714 11,313.712,443 7.97% 1316,001.260 11,612.292,706 6.37% 1342,212.121 11,692,432.393 4.9796 1313,724.379 7.14% bawd 9 OM=A1sAt1O4 o.w (sot .swats) bow yr. (sot ..sii ) (set mailable) (sot sv.ilil.) 29.02% (sat s1.'b ble) 23.14% 1132,224.263 bats yr. 19.31% 1131,703,431 ataiaat 3.07% 8113,311,169 16.77% 7.66% S191.012.915 3.07% 17.26% Mrs: Veraf4erdwale • gas mole iv(lKidrfathat form IAMrim* alb* rimleraMaessda»ttsta[ 9.92% (aet srYlsbls) Oat.vsiWlt) (set avUYbl.) (sot sva'hble) (Net.vsiWM) (sot avaiYNa) (sot sys'leble) 317,462.303 bees yr. 610.960.797 Na me 16.14. Attachment No. 2 to this Report are documents received by the Agency from the County3 which confirm the assessed values of secured and unsecured property for the identified years. The average percentage increases in assessed valuation of taxable property over the nine (9) year period described above are as follows: for the Original Territory, 6.74%; for the Added Territory, 7.14%; for Project Area No. 2, 17.28%; and Project Area No. 3, 9.92%. Project Area No. 4 was established in 1993; therefore there is as yet no historical basis for comparison. 2 The Redevelopment Pko1 for Project Area No. 2 established a base year assessment roll (JJiscol year 1986.87; for Project Area No. 3 the Redevelopment Platt established a base year a:penmen: roll of fiscal yam 1990-91 and the Redevelopment Plan for Prrpisu Area No. 4 established a base year assemment roll of 1992-93. 2 RESOLUTION NO. 294 New construction activity continues in all Project Areas. The City of Palm Desert's Building Department permit records for September 1992 through October 1993 indicates that value from construction activity which will increase the assessed value of the 1994-95 equalized roll as follows: Project Area No. 1 Original Area $6,011,977 Project Area No. 1 Amended Area $25,088,387 Project Area No. 2 $17,444,754 Project Area No. 3 $6,041,894 Project Area No. 4 $37,739,537 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 inclusive of the -anticipated new development to be as follows for all Project Areas; a four percent (4%) annual growth in secured value for the next ten years (1993-94 through 2003-2003) and thereafter a six percent (6%) growth in secured value. Growth in the unsecured assessment roll has been estimated at one percent (1%) per annum over the term of the Redevelopment Plans. 3 5r26/94 Based upon the foregoing, the future assessed value of taxable r._ Lj in each of the Project Areas is projected as follows: PALM DESERT REDEVELOPMENT AGENCY Projected Assessed Values Foal Year Secured Unsecured TOTAL Base Year laereeeatal & UIIH*y VALUE Valle Vale PROJECT NO. 1 (ORICINAI .) 1993-94 445,876,182 58,675,651 504,551,833 27,4115,836 477,065,997 1994-95 463,711,229 59,262,408 522,973,637 27,485,836 495,467.801 1995-96 482,259,678 59,855,032 542,114,710 27,485,336 514,628,874 1996-97 501,550,066 60,453,582 562,003,647 27,485,836 534,517,811 1997-98 521,612,068 61,058,118 582,670,186 27,485,836 555,184,350 1998-99 542,476,551 61,668,699 604,145,250 27,485,836 576,659,414 PROTECT NO. 1 (AMENDMENTI 1993-94 1,670,162,899 21.059,496 1,691,222,395 656,065,059 1,035,157,336 1994-95 1,736,969,415 21,270,091 1.758,39,506 656,065,059 1,102,174,447 1995-96 1,806,448,192 21,482,792 1.327,930,933 656,065,059 1,171,865,924 1996-97 1,878,706,119 21,697,620 1,900,403,739 656,065,059 1,244,338,680 1997-98 1,953,854,364 21,914,596 1,975,768,960 656,065,059 1,319,703,901 1998-99 2,032,008,539 22,133,742 2,054,142,280 656,065,059 1,398,077,221 P>RQjj CT NO 1993-94 573,487,748 10,236,1131 583,724,579 102,157,447 431,567,132 1994-95 596,427,258 10,339,199 606,766,457 102,157,447 504,609,010 1995-96 620,234,348 10,442,591 630,726,940 102,157,447 528,569,493 1996-97 645,095,722 10,547,017 655,642,739 102,157,447 553,485,292 1997-98 670,899,551 10,652,487 681,552,038 102,157,447 579,394,591 1998-99 697,735,533 10,759,012 708,494,545 102,157,447 606,337,098 PROJECT NO. 3 1993-94 175,374,108 15,638,807 191,012,915 149,523,255 41,489,660 1994-95 182,389,072 15,795,195 198,184,267 149,523,2.55 48,661,012 1995-96 189,684,635 15,953,147 205,637,782 149,523,255 56,114,527 1996-97 197,272,021 16,112,678 213,384,699 149.523,255 63,861,444 1997-98 205,162,901 •16,273,805 221,436,707 149,523,255 71,913,452 • 1998-99 213,369,418 16,436,543 229.805,961 149,523,255 80,282,706 • PROJECT NO. 4 1993-94 608,104,046 2,856,751 610,960,797 587,462,305 23,498,492 1994-95 632,428,208 2,885,319 635,313,527 587,462,305 47,851,222 1995-96 657,725,336 2,914,172 660,639,508 587,462,305 73,177,203 1996-97 684,034,350 2,943,313 686,977,663 587,462,305 99,515,358 1997-98 711,395,724 2,972,747 714,368,470 587,462,305 126,906,165 1998-99 739,851,553 3.002,474 742,854.027 587,462,305 155,391,722 TOTAL ALL PROTECTS 1993-94 3,473,004,983 108,467,536 3.581,472,519 1,522,693,902 2,058,778,617 1994-95 3,611,925,182 109.552,211 3,721,477.394 1,522,693,902 2,198,783,492 1995-96 3,756,402,190 110.647.734 3,867,049,923 1.522,693,902 2,344.356,021 1996-97 3,906,658,277 111,754. 11 4,018,412,488 1,522,693,902 2,495,718,586 1997-98 4,062,924,608 112.871.753 4.175,796,361 1,522,693,902 2,653,102,459 1998-99 4,225,441,593 114,000,470 4,339.442,063 1,522,693.902 2,816,748,161 4 5/26/94 RESOLUTION NO. 294 3. The base year assessment roll for each of the Project Areas is identified in the above table.3 For purposes of this Report, the actual tax rate levy has been utilized as shown on Attachment 7. For Project Areas No. 3 and 4 the general levy of 1.00% has been assumed. Such tax rates levied on the projected incremental increase in assessed valuation of taxable property would produce gross tax increment revenues as follows:4 110344 2 1911445 3 1991-96 4 199497 3 199746 f 199649 71199900 1 200041 9/200141 104203243 I1 2003-01 12 200145 13 20s-06 10 200447 13 210741 1612000 1712009.10 It 2010.11 1912011.12 2042012.13 21 2013.14 2242014-13 23 2013.16 24 2016-17 23 2017.1E 2612011.19 771201940 21 202041 2911021.22 301202.23 31 203.20 32 202425 33 202346 34 20647 33 20274E 36 20b29 371202940 31 200.71 39120142 40120243 012033E 42 2oK33 43 20336 40203437 U 20731 46120049 47120440 Polo Desert A . . . . . t Areicy ALL PROJECT AREAS Projected Grow Tax Iscreotest Revolves* Sewed Value 634%per imam and U. .. dvimrI%Mmem hypo N.1 0000 3,146,06 3.231379 3321396 3,716916 5,923,437 634005 636201 4311031 403390 7,0U 7,47211 7,02.1 1>1 4773, 9 9,771, 10a70,91 14910, 11,317 12164737 1203,061 1331/303 16337. 21 13,173,03 16,043,123 16.962.232 17.934113 11.941,030 20011324 21,flA 22 220/4054 23.749.10 23.127347 26319,Of1 0137, 29.774297 31317,203 171011101 hy1NNs. 2 4v4001163 194001661 COMM= 6701w09m AIM (6wab) R1mlrl el 14319304 403374 11,11097 3U0603 11,106450 330436 12.607,923 333230 13712121 341101 14104421 4614Af 14962.06 630996 13.014190 4112,341 14 93,213 4933,107i 17419,49 7.2 Tit 19A34,10 7,76132! 203300 um,OK 22164079 t,11;922 721622)5 9,417377 0667,193 1404112 27,379,706 10.693,016 29,604667 11,31026 31,733,090 12,124931 3402937 12.914732 3404002 13,7373/1 39,00371 14413,607 41,717641 13316,04 449030 14373,367 470930 17,379,219 34111,0E 1107613 34.29200 1062129 37,921A13 21,1 61,767,219 22. 6344/00 27,027 741037E 23310,795 74,793.121 24012, 79,604969 21,50.1 14767,274 3631361 94212,211 32107 9304312 34171 11 .113,113 101,649,613 3331402 113,093.740 04064 • 33313,1/9 11270631 01372,90 37313,741 120331.717 0406.E 3937609 13032.734 41423 41600493 147.423393 31.12301 4364 600 10 09,t71 340700 6497309 166.4010 31339342 09,742997 17470703 6102,311 32673.994 10.733330 6306,166 33.70314 19936306 69449493 414294041 39.071,771 211,693336 7204M3 41106142 62 374077 2M.763,667 7U63.966 30014203 157714331 23401137E 0,11933E �.r 1.1-36 33_2,1741 3.�94271.436 1 1E_392SIi A 6 1 30211.4721 I.141.101901 3N,M317j 4 44 30.221 6346 7003 2.127.1 241 260413 3,1 3,033 3,72e. 403 0314 111 0,003 502011 0134 4.03 471 7,201273 7,7123 1,234 9.47, 1410,u3 14. 11,014 11237 13,071, 13 14. 13,117,224 14E46 3 17301 I9 24037,01 30 1151.00 24911,301 2001108 43102 22,2341 43,40717 70,779 67301,01 1,036j0 9304273 13001 27,10761 124271,034 10730 10,111316 3.013441 34991 179,7030 2312411 3209, 211102,439 2.724091 30379,00 24312069 307,01 34234901 1061704 3.40 311 3903030 321,110437 4271311 4297091 364,134004 491230 03374201 410.11003 339206 0400400 4.1,71301 4313431 33,343361 313,91430 747706 37334731 37003392 7,01440 11,191,119 020.411 47463401 020203 611,22904 9,60413 7107,02 70,236,796 worn 71.141,214 1147394000 11.01311 111,41416 921,90,111 11730M 173/4179 1,116304371 1300393 039430 1.1000.141 13,11221E 9901339 1307 714 11 1401701 114010,110 1.310, 217a 11 17,711361 113,9000 1,021,17200 19,237,0E 11143160 160,70491 2670720 129,77073 147904614 7 .41403 134,013,733 1617,979,767 341 147,309,103 1,90309,610 157,272101 2,12 4*471 1790300 167337,741 204310,212 30614013 174039392 20009404 32.207 • 190614/13 2,634130,019 30.33201 302,20,734 2,10,117,192 34997 213304235 3,07410,/71 39,614 234e0,161 3313,371,739 20314/33 3109 0393 0317913 20.00721 301.032319 41.471 2730330 400,06920 31,732 • • 242,616 201 4374207.414 33371,11 31111262E 40173192110 349012603 330,731,147 3,011,27146E 6204,00 331,44030 5.30,711491 67 ' 373671,I11 3,743312,110 71 314617, 61 6139499,071 74 021,237,4E 430493730 113019E .447.373.706 70617301 16 311 473,00, 91 7,0033,939 91 - 301,004721 7317,000610E 132405 1 707,100310 32039 1.111J3447 Nor View rrmr'wow r. rom.viiyolitarIts rmeb+plym.r•Nis wpm '^ran 3 Base year values are ac1usted by the County Auditor -Controller's Office from time to time. The Base Year values fdenttfied are the adjusted vales per the mast recent reports from the Auditor -Controller's Office. 4 Before housing set-0side or rasing agency pass through amounts haw been deducted 5 saw The amounts of tax -increment revenues to be set -aside into the Low and Moderate Income 111 Housing Fund (the "Housing Fund") of the Agency pursuant to Health and Safety Code Sections 33334.2 and 33334.6 are as follows: Palo Desert R . Agency Injected Housing Fend Revenue (5) MOW I h.Nal htjtet14.2 Z•wltetNs3 Pajse&Ns4 6rtlwvie Mamas COMM= Otw AMA fides (4sa.+b) (112maNke) 11993-94 1,132.704 2,103,162 967,055 13,014 732,600 3,554,035 3,554,035 21994-95 1,172,947 2,237,719 1313,009 97,349 95,702 731,005 3,815,722 7,439,757 3 1995-96 1,214,751 2,376,190 1060.717 112,245 152,356 733,045 4,113,984 11.623,741 41996-97 1,251,177 2,521,583 1.110462 127,723 211334 726,635 4,502,645 16,126386 5 1997-91 1,303300 2,672,424 1,162,210 143,127 272,710 732,565 4,122.296 20,946,612 6 1991.99 1350,801 • 2,129,214 1,216,165 160,565 336,641 729.625 5.163,331 26,112314 71999-00 1399,149 2,992,405 1,272.199 177.964 403,161 729,763 5.515,111 31,621,331 12000-01 1,450319 3,162038 1,330,461 196,041 472,411 737,965 5,173,326 37,502,157 9 2001-02 1,503,716 3331,443 1,3913061 214,146 544,491 721,790 6,263,144 43,766,001 10 2002-03 1,551,130 3,521,190 1,454,072 234335 619.524 731,153 6,656,843 50,422,349 112003-04 1,643,931 3,107,117 1,552,246 264,681 733,502 732,360 7,269,816 57,692,665 12 2004-05 1,734,066 4,110,376 1,656,299 296,777 154,312 730,313 7,922,0U 65,614,732 13 2005-06 1,129,339 4,432,096 1,766,514 330,712 912,579 735,345 1606,234 74,220,9i7 14 2006-07 1,930,66S 4,772,565 1,113,475 366,809 1.111,531 732,275 9,339,774 13,560,761 15 2007-01 2,037,792 5,133,439 2,007361 404,911 1,262.706 735,920 10,110.366 93,671,127 16 2001.09 2,151,270 5315,941 2,131,683 443,425 1,415397 735,915 10,931,001 104,602,121 17 2009-10 2,271,482 5,921369 2,277,165 411277 1377,721 12,536.722 117.131,150 112010-11 2391,132 6,351,099 2,425,316 533,623 1,749,654 13,451,654 130,597,504 19 2011-12 2,533,741 6,906,587 2,531.746 531,793 1,931.963 14,435,139 145,033,343 20 2012-13 2,676,682 7.289310 2,747,476 632.77S 2,125378 15,471,591 160,504,935 21 2013-14 2.121,115 7,101,116 2,923,137 686,794 2330,262 16369 425 177.074,359 22 2014-15 2988356 1343,530 3,109,326 744,037 2347,615 17,733,063 194,907,422 23 2015-16 3,151,545 8,918,463 3.306,673 104,694 2.771,079 11,966,454 213,773,176 24 2016-17 3,338,653 9327,166 3,515,149 861,972 3,022,442 20,273,712 234,047,651 25 2017-11 3,529,411 10,173,307 3,737363 937,017. 3,231,531 21,659,482 255,707,140 26 2011-19 3,731,691 10,151,471 3,972.566 1,009,270 3,356,253 23,121,253 271,335,391 27 2019-20 3,945,945 11,584,203 4,221,656 1,085,763 3,147,524 24,685 091 303,320,439 212020.21 4,172,971 12,333,444 4,435.679 1,166,126 4.156346 26,335,266 329,155,755 29 2021-22 4,413,535 13,161,112 4,765.530 1,252,732 4,413,771 22,014311 357,940,136 30 2022-23 4,668,449 14,033,075 5,062,159 1,343,773 4330,917 29,938373 317,371,509 312023-24 4,931,572 14,949,166 5,376,572 1,440,253 3,191,969 31,903,533 419,712,042 32 2024-25 5,224,816 15,920,194 5,709,336 1.542,505 5,519,111 33,986,532 453,761374 33 2025-26 5,521,148 16,949,455 6,063,012 1,650,169 6,002,113 36,194,437 •419,963,011 34 2026-27 3,349,592 18,040,414 6,437,509 1.765,714 6,441,485 31,534.744 521497,755 35 2027-28 6,190,234 19,196,162 6,134,337 1.i37,42i 6,906,433 41,015,395 569313,150 36 2021-29 6,551,225 20422,637 7,255,064 2.016,423 7,399,462 43,644.811 613,157,961 37 2029-30 6.933,715 21,721,929 7,700,967 2,153,136 7,922,100 46,431,916 659319.877 312030-31 7339,207 23099,141 1,173410 2,291029 1,476,171 49316,172 701,976,049 39 2031-32 7,761,162 24,551,970 8,674,397 2.451,594 9,063313 52,517,605 761493.654 40 2032-33 1,224,203 26,106,331 9,205,624 2614350 9,686315 55,136347 817,330302 412033-34 8,706,770 27,746,545 9,761,506 2,716,148 10,346,497 59,355,165 176,615,667 422034-35 9,211,196 29,415,119 10,365,142 2.969673 11,046373 63,084,503 939,770.171 13 2035-36 9,740,212 31327,976 10,997,560 3,163,445 11,711329 67,037,521 1,006,907,692 44 2036-37 10334,651 33,281372 11667,908 3361 *19 12,5743119 71,227,640 1071,035332 45 2037-31 10,943,459 35,351,941 12371,462 3386,492 13,408.729 73,669014 1,153,704,115 46 2031-39 11388,697 37,546,711 13.131,633 3,117,201• 14,292M9 10376,932 1,234,031347 47 2039-40 12,272,543 39,173,135 13,929,979 4061,729 15.229.776 85,367,167 1319,441314 48 2040 41 12,997,330 42,339,112 14,771209 4,320,904 16.223,171 90,656,733 1,410,105247 49 2041.42 13,763,496 41,953,013 15673,197 4.595,605 17,276,276 96,263337 130636 134 50 2042.43 14379650 47,723,716 16,623,918 4,886,762 18392651 102,206,767 1301,575.600 Totals I 250,043,i71 I 759,254,296 272.151,662 73,171,611 264,961,062 1601,575600 5 The Original Territory of Project Area No. 1 Jab aside Intro wo p r ..t (22%) t(/oi as huCIPOS U rrneNsr generatedfrom the stao rather than the statutory indoor ni of twenty percent (20%). 1 wisidatiseplw 6 s/26/94 RESOLUTION NO. 294 Amounts necessary to pay annual debt service for prior indebtedness of the Low and Moderate Income Housing Fund have been identified in the column labeled "Debt Service Pledge" and subtracted from the column labeled "Combined (Annually)". 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. 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. 4A 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). Attachment No. 4B to this Report is a copy of the Agency's Affordable Housing Plan that assesses the City's existing and future housing needs for very low, low, and moderate income households. On April 8, 1993, the Agency adopted the Affordable Housing Plan (the "Compliance Plan") as required by Section 33413 of the Law. In general, the Compliance Plan forecasts the existing need of 779 affordable housing units within the City. An additional housing need of 730 units is projected for the ten (10) year period beginning April, -1993, for a total of 1,509 affordable units needed prior to April, 2003. The Compliance Plan delineates a series of programs to met this housing need. These projects include: rental rehabilitation and assistance programs, single family home development for larger households, utilization of Agency -owned property to construct a mixed use project with an affordable housing component, and single family ownership/self-help housing programs. Also, the Agency intends to utilize the Housing Fund revenues to be collected over the 7 sr26/94 next ten (10) years to finance other housing programs in a manner consistent with the City's Housing Element of the City's General Plan. Based upon the 1989-94 Required Housing Needs 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: HOUSDVG NEEDS ASSESSMENT SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENT MY OF PALM DESERT HOUSING ELEMENT OF THE GENERAL PLAN YEAR Very Low Lower Moderate 1990-91 195 234 85 1991-92 195 234 85 1992-93 195 234 85 1993-94 195 234 85 1994-95 33 41 38 1995-% 34 40 37 1996-97 33 41 38 1997-98 34 40 37 1998-99 33 41 38 1999-00 34 41 37 2000-01 28 35 33 2001-02 29 34 32 2002-03 28 35 32 2003-04 29 34 32 2004-05 28 35 32 2005-06 29 34 32 2006-07 28 35 32 2007-08 29 34 32 2008-09 28 35 32 2009-10 29 34 32 2010-11 13 16 15 2011-12 13 16 15 2012-13 13 16 15 2013-14 13 16 15 2014-15 13 16 15 2015-16 13 16 15 2016-17 I3 16 15 2017-18 13 16 15 2018-19 13 16 15 2019-20 13 16 15 2020-21 13 16 15 1,409 1,701 1,051 8 5/26/94 RESOLUTION NO. 294 6. Attachment No. 5 to this Report is an analysis which has been prepared with the cooperation of the Riverside County Housing Authority. Exhibits 1, 2 and 3 to Attachment No. 5 are operating "pro formes" 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 the 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 less 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 less of median income. These income levels further require that for housing until to be made 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 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 palindsNispiaa 9 5R6/94 compared to amounts available in the Low and Moderate Income Housing Fund to meet those obligations, is as follows: PALM DESERT RZDEVELOPP•IENr AGENCY HOUSING FUND REVENUES AS COMPARZD TO ANNUAL HOUSING OBLIGATIONS FOR AIL INCOME LEVELS ;FISCAL ROUSING POND YEAR RLGINNING RALANCE 1 1993-94 1,761,596 2 1994-95 2,387,537 3 1995-96 2,028,096 4 1996-97 1,942,356 5 1997-98 1,619,154 6 1998-99 125,449 7 1999-00 329,743 8 2000-01 53,116 9 2001-02 541,864 10 2002-03 463,805 11 2003-04 341,299 12 2004-05 181,816 13 2005-06 232,427 14 2006-07 112,622 15 2007.0E 74,14E 16 200E-09 51,439 17 2009-10 94,255 lE 2010-11 44.343 19 2011-12 33,196 20 2012-13 177,359 21 2013-14 58,900 22 2014-15 169,030 23 2015-16 341,470 24 2016-17 7E2,179 25 2017-18 1,723,475 26 201E-19 1,634,334 27 2019-20 1,879,126 28 2020-21 2,037,700 29 2021-22 2,468,307 30 2022-23 2,739,046 31 2023-24 2,676,588 32 2024-25 2,916,872 33 2025-26 5,207,850 34 2026-27 9,754,362 35 2027-28 16,776,828 36 202E-29 26,512,322 37 2029-30 39,215,703 38 2030-31 55,160,128 39 2031-32 74,641,1143 40 2032-33 97,974,332 41 2033-34 125,497,883 42 2034-35 IN/A 43 2035-36 MTUA 44 2036-37 IN/A 45 2037-31 IN/A 46 2038-39 MN/A 47 2039-40 #NIA 48 2040-41 MN/A 49 2041-42 MN/A S0 2042-43 MN/A ANNUAL DEPOSITS LESS DOT=VIOL 3,554,035 3.815,722 4,113,984 4,500,64S 4,822,296 5,163,831 5,515,818 5,873,126 6,263,844 6,656,84E 7,269.816 7,922,018 8.606,234 9,339,774 10,110,366 10,931,001 12,536,772 13,458,654 14,435,839 15,471,591 16,569,425 17,733,063 13,966,454 20,273,7E2 21,659,482 23,128,258 24,685,091 26,335,266 28,084,381 29,938,373 31,903,533 33,986,532 36,194,437 38,534,744 41,015,395 43,644,811 46,431,916 49,386,172 52,517,605 55,836,147 59,355,165 - 63,084,503 67,037,521 71,227,640 75,669,084 80,376,932 85,367,167 90,656,733 96,263,587 102,206,767 ALL OTT= INCOME 5,085,1112 495.501 381,124 137,694 124,766 93,01E 73,190 62,153 81,675 78,552 73,652 67,273 69,297 64,505 62,966 62,058 63,770 61,774 62,12E 67,094 62,356 66,761 73,659 91,287 108,939 125,373 135,165 141,508 158,732 169,562 167,064 176,675 268,314 450,174 731,073 1,120,493 1,628,62E 2,266,433 3,043,674 3,978,982 5,079,915 - --fN/A MIA MN/A MN/A MN/A IN/A MN/A IN/A MN/A ANNUAL ROUSING OBLIGATIONS TOR ALL MOIRE Isvas 8,013,905 4,740,665 4,650,848 4,961,541 5,740,768 5,752,556 5,864,934 5,447,931 6,423,577 6,857,906 7,502,951 7,938,749 8,795,336 9,442,753 10,196,041 10,950,243 12,650,405 13.511,575 14,373,804 15,657,144 16,521,651 17,627,314 18,599,403 19,923,773 21,357,562 23,008,840 24,661,612 26,046,166 27,972,374 30,170,393 31,830,313 31,872,728 31,916,240 31,962,452 32,010,974 32,061,923 32,115,419 32,171,590 32,230,570 32,292,49E 32,357,523 -1/N/A • IN/A MIA IN/A IN/A 0N/A 0N/A IN/A MN/A ROUSING FUND ENDING IAIANCL 2,3/7,537 2,028,096 1,942,356 1,619,154 825,449 329,743 53,816 541,864 463,805 341,299 1111,816 232,427 112,622 74,148 51,439 94,255 44,343 53,196 177,359 58,900 169,030 341.470 782,179 1,223,475 1,634,334 1,179,126 2,037,700 2,468,307 2,739,046 2,676,588 2,916,1172 5,207,850 9,754,362 16,776,82E 26,512322 39,215,703 S5,160,828 74,641,843 97,974,552 125,497,813 157,575,441 IN/A MN/A MN/A IN/A MN/A MN/A MN/A MN/A MN/A 1 10 RESOLUTION NO. 294 • The 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). Exhibit 1-4 of Attachment No. 5 provides the basis for the annual housing obligations reflected in such column. The table on the previous page identifies a beginning balance of $1,761,596 and includes under the "All Other Income" column estimates other income such as bond proceeds and investment earnings. 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 moneys from 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 in 1992 amended its existing pass -through agreements with the taxing agencies in the Added Territory. Among the tables set forth in Attachment No. 7 , Exhibits 1 through 5, 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 taxing agency pass -through agreements and the growth rates described on Page 2 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 1996-97, and after deducting psisaistSkaapian 11 SR6/94 debt service regvlirements-on existing indebtedness and obligations to taxing agencies, the surplus revenues of the Agency for each of the Project Areas is as follows: Reject Are No. 1 (Ori fad Territory) Project Ace No. 1 (Added Tenleey) Project Awe No. 1 Tos.1 hej.a Are No. 2 Project Ace No. I (Origami Twisty) Project Arse No. 1 (Aided T.nesre) Project Are No. 1 Ted Prefect Are No. 2 Projoet Are No. 1 (Origami Territory) Potion Are No. 1 (Added Tenancy) Project Are No. 1 Tool Project Awe No. 2 P,.jew Mussel Tex ker ma* AvrY.ble ter Ober 19p.94 (q 34A1S.951 t4,933,S20 g9,004,471 s2,376233 h j.erd Maud Tex Ieehvet.er Avelleble ter Ober R Madan k 1994.9i (g) 34,134471 S5,303,370 S9.464,001 s2,4t1,92g Prej.wd Animal Tex la ....$ Mullah kr Other Reeeretepmest AdvMMs k 199S9d(10) S4.306,543 S3,401,020 19,907,665 t2,606.066 Thief Awoke Pr Tbwefb Tex lee.seet Rn.ee. AveYeM. for Debt setv4.. (7) s1.026,677 10 Teske Agendas Pet. Tbr.. fb Tex Iscreseet Remee. Melia . far Debt Service (9) 17112,304 m Taxies A. Peet Tor.. fi Tea brevet.t arrows Aveliebte ler Debt fetva. (11) S773,370 $4,653 ioed.edess ler Amoral Debt Servise Iseslesuset es Prier i.MMd.er ler Ober R t Activities 57279,063) (S1271,4111) D.d.elime ler As..el Debt Service Reph.s..t es Prier led.bsber ler Mar R.M.I.A.t AetlyWk (s7.761,091) (S1.273.5(7) %d.gkns ler Amnesia Debt Service Ag.ir.et.nt en Prior IM.hsMetc ler Other _ Aetivwise (57277.567) (s1219,566) s2,732,013 51.104,745 Sanaa S2,465.904 S1213,337 ow*. S3,403,172 s1.591.133 6 Net of required payments to the Agency's Low and Moderate Income Housing Fund Also net of actual and proposed paw -through obligations to tang agencies. See Attachment No. 7. 7 The annual debt service on the 1989 Agency Bonds is available for this Refunding issue. Funds naiwed from the 1989 Bonds were rued for capital improvements for the benefit of the Covey of Riverside and the Desert Sands Unified School District. As provided in the cooperative agreements between these respective entities, these bodies shall commit pass -through nvwa.es of their,, , , ,. , .1 share of tar increment to such financings. In addition to the funds available from the Comfy of Riverside and Desert Sands Una School District, the amount noted brhides pass through fads also available from the County Library District and the College of the Desert 8 Net of required payments to the Agency's Low and Moderate Income Housing Fund Also net of actual and proposed pass -through obligations to razing agencies. See Attachment No. 7. 9 The annual debt service on the 1989 Agency Bonds are avaiabk for the 1992 Refunding Ism. Funds received from the 1989 Bonds were used for capital improvements for the benefit of the County of Riverside and the Desert Sands Unified School District. As provided in the cooperative ,, i, .. between these respective entities, these bodies shall commit pass -through revenues qf their propordoral share of taz-inesem.ent tosudhPtanakgs. •in -addition to the fends a►ailabk frown the Camy of Rhsrside and Desert Sands Wed School District the anima nosed includes paw drrargh fade also a►aailabk from the Covey Library District and the College of the Desert. 10 Net of required poyn.ents to the Agency's Low and Moderate h.eome Housing Fund Also net of actual and proposed parr-throwtk obligations to taring agencies. See Attachment No. 7. 11 The anneal debt service on the 1989 Agency Bonds are available for the 1992 Rif.sding !sire. Fords received from the 1989 Bonds were used for capital E . . ,. for the benefit tjfthe County of Riverside and the Desert Sands Unified School District. AspPnvlded in the cooperative ,,J,, ., between these respective entities, these bodies shall commit pass -through remotes of thek,, , („1 share of tag increment to such financings. hi addition to the funds availabk from die County of Riverside and Desert Sands Uflfikd School District, the amount noted includes pass through funds also availabk from the County Library District and the College of the Desert. 12 RESOLUTION NO. 294 ;Milani Aa.sa 7111 Take, A1�d Nee 71toe�► deelseiless ter A_saal Debt iwemems Available ter Other Tao barest RemoveServile ReeekemaM ea Prier pdwi.Nut AehMtlee r bilsbledmAnW W br Debt Smoke (13) _____r ter Other 199L4.... epe 6.97 (12) st AMM N Project Ares No. 1 (Original Ter 7) S4.460,109 Project Area No 1 (Added Tensey) 25,06,120 Project Area No. 1 Teti 210316.929 1804f64 (17,357,751) 2,763.442 Projoa Arse No. 2 12,710,553 113,166 (11,261,713) 11,435,706 26,800 The amounts of surplus described on the foregoing tables are projected through fiscal year 1996-97 because the Agency may incur indebtedness which is based upon the tax increment revenues as anticipated in 1996-97. 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 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. 12 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. 13 The annual debt service an the 1989 Agency Bonds are available for the 1992 Refunding Issue. Funds received from the 1989 Bonds were used for capital improvements for the benefit of the County of Riverside and the Desert Sands Unified School District. As provided in the cooperative agreements between these respective entities, thew bodies shall commit pass -through revenues of their proportional share of tax increment to such financings. In addition to the fiends a►aikbk from the Cowuty of Rh'erside and Desert Sands UnYied School District, the amount noted includes pass through fords also ° ai able from the County Library Dbtrict and the College of the Desert. 13 5/26/94 ATTACHMENT NO. 4A 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 1,050. 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 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 LIHIIs 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 147 233 669 335 334 II. FUTURE NEED -1 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% • 'Wetted to reflect 1989 "GAP" year end reduced for 180 lower istentc Mwits constructed lw connection with One Quail Place and Saw Tropez Villas Affordable High Rau projects. RESOLUTION NO. 294 ATTACHMENT NO. 5 This Attachment No. 5 includes four exhibits. Exhibits 1, 2 and 3 are specific housing project pro formas 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 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 Point (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; (iii) 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 formas also show that the requirement of the Stipulation that 1,199 affordable units be acquired by July 1, 1995, will be met during the 1994-95 fiscal year. The Stipulation requires that when the 1,199 units reaches 90% occupancy, the Agency must within 120 days initiate construction of an additional 160 units. LIST OF ATTACHMENTS ATTACHMENT NO. 1: County of Riverside Auditor -Controller's Report ("Auditor - Controller Report) on the 1993-94 Equalized Assessed values and Base Year Values for Project Areas 1, 2 and 3 and the 1992-93 Base Year Report on Project Area No. 4. ATTACHMENT NO. 2: Auditor -Controller Report on past years equalized assessed values and base year values. ATTACHMENT NO. 3: Revised Regional Housing Needs Assessment ("RHNA") Future Needs F.actor. Regional Housing Needs Existing Need. ATTACHMENT NO. 4A: ATTACHMENT NO. 4B: ATTACHMENT NO. 5: Regional Housing Needs Assessment. Affordable Housing Plan - Project Areas Nos. 1, 2 and 3. Analysis prepared by Riverside County Housing Authority Exhibits 1, 2 and 3 Exhibit 4 - Cost/Revenue Pro Forma prepared by Palm Desert Redevelopment Agency ATTACHMENT NO. 6: Palm Desert Redevelopment Agency Housing Fund Net Present Value Comparison of Revenue versus Costs. ATTACHMENT NO. 7: Tax Increment Projections prepared by Rosenow Spevacek Group, Inc., consultant to the Agency Exhibit 1: Project Area No. 1 - Original Territory Exhibit 2: Project Area No. 1 - Amended Area Exhibit 3: Project Area No. 2 Exhibit 4: Project Area No. 3 Exhibit 5: Project Area No. 4 RESOLUTION NO. 924 ATTACHMENT NO. 1 COUNTY OF RIVERSTDF RFDEVELO►VENT PRr)JECT .'r PALM DESERT REDEVEL ►ROJECT N N 0 (REDVA11O) 4 t P INCRFMENT ADJUSTED BASF CURRFNT YFAR WNW C We 4WN N NO NrW N NO b.,oc .PO .POO P" .004.. P P r0 M m .+... 'i N WC& N NO ,WPM N NO Ncm W CO WP.CIM Mr 9.9M0 .O .ON Vier, 4 4 . ► . • O. Cod r r IC.P d 4 .+N 4 * 4211543094 239499,22E 445, 442022 NET TAXABLE '..r Nf'O Noe QrC mere. p. (ErNmti N1N V\ V' 55,1591043 .O.+N ONP ie CP NNN MrN .,r f f4.00 mpMp rWWW P .O • • * r *et .cf a fr r.Oc *roc .o4r. .-c o c 4.-IC vcf^O Pr ..or.c 'O NP.0 mr e = .. • • . ... • • • NW P. .0 .O P M M 40 MSC P-4 r P. .. Pr'lI m CP- rL W If Ifs 'OWN d * .• . • • •.• • . ►ON r f^ r' Mr Ps P- P. rm N N 476,70?,637 TT,41q,i76 • P.P.-4 OPr• - NWW NOP,c . P Po.O mmcr. Y'+ ....me me-P-o P• NWP fr,-'0 .0 P.cP+ Cm4C c.+P' WOW fr WCN POP.. W POW M4P r OP..O worm .+ NMI P. 4.O Pfr* .. .r .. ►• • • • ► • • • • • N4 m C ft ONO OW W ft. M N.f O O 0 0 0 W LL to. M J M H O M M X M fr < M o ! H M< H M M N M O y Wy,� F- 0 W. 0 P SZ Z 52 2 5z ASSESSFD Z Z • Z O 0 • O •. N. • r. H 1- f.` K K W W W W Z Z Z ▪ Ol22 .▪ MY 22 ▪ weeZ}9-0 E 1-0 aZaWZ W dNWW iWWW YWW=Z WX - Z L W2 -t f. 4'Z d•. M I. = M Zoo. .V{"1• W.JlV W tr., W<M W 2NI Y/df LL via ZW 2W !ZW W ! ZW =W OZ fX OZ OOZ K 0Z COZ . cZ ouvw'• W W�+ Of m. W W►• Ommr W u r ZWw601 Z 2 2 ACM 2 24, Zfafry 2 r... <ZWO 6. O <Zfu0 f• 0= <=u0 ►- OM Jrfi.o o 2.a J•+►m 0 2.o J► 164 0 =m NFT TAXABLE: 0 W J ee <= uu Ow e Jo UNSECURED ATTACHMENT NO. 1 COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT PALM DESERT REDY 82 ANX U► 0 r N 0 (PEDYA110) INCREMENT ADJUSTED CURRENT YEAR dCP MOM.► 0.40 4MM SOP 0 •�egos. boom P.1�c..0p• Nr ft .ON.O N00*,i gg100 woo,. 0100O Pro O 0 . • .1 P1 1PP-C • NC*C Ode MO*0 Cr.w+ NNO* 000 CON* 11QN NC'O NNO WWWW 000. OWN 0M1N0 go▪ *4 .O~ O rr 10 00M •O.10 0r0< MWO M'01C ... .... 40.0 NO`NN WOW. CNPO OoPM c•fr4 ... .... r.• 0-�.ON . • 0 N OTHER EXE.M►TIONS 0 W J3 N'w JM 1 ,010 ,932 0912 634,3477644 1,644,680,556 NET TAXABLE Z 0 04 0- W g} } F-Q M-0 Z UM X> NO> WZ 0.CM go Zf1.04 IC W tut" W.JH ZM W<N SW >ZW OZ 00Z W.. OWNIo ON Z`H (�� <=W-O ZO .000.0 NET ASSESSED EXEMPTIONS NET TAXABLE Z 0 10. P'- W x W 0} roe f1H ZZ 1.1 aim q4q ZN K OZ _ ro 0 Zr0 W e W '0 00- .r OP`O 10.4e M. I OM 4 ►d r fi`00 'coo. ... .4.. • 00.0 0006 • t0M NIN.O rot- *.1N mizo Nlf •.00 r vac r1.fs 0 r10N .ON'w N - .4 . '4 N"' +ONO' C N P1•0 0 0 0 • • H tM 16.4 PicU+ N 4044 Mv•00C 01 v.G 040 $ .+ 00r *CM1C, M• err N010 C W NV *140* .• ••. • ••. •••• • PC+ P..QP1 P, c•ec PO4.d 0 VN 41001 .r NrN .rP.0 W r MMMM wOM N.O.00 P- PP .O r .r e .[NW wir *toe ONO r* r **IT NP d wow 000 00c N N EXEMPTIONS UNSECURED NET ASSESSED 21,059,496 Z 0 go K g} wet 0.0 ZZ WW 1Zi. Z .1 yyr,� Zia K OZ at lam O Zo NET TAXABLE N H 0 0 NET ASSESSED X ZJ t CO I r 600, 740 0, 2 NET TAXA t RESOLUTION NO. 294 ATTACHMENT NO. 1 RIVFRSIDE REDEVELOPMENT PRITJFCT PALM DESERT *DV 2 (REDVA110) INCREMENT .1 prim ogle+ o M Mr rri▪ llA w.M "le r W .Ot►N /► �O N GCM .r Al vrr .r 4C O.'.t 1• �..p Mti to rg IC .. rt we▪ n N N `rir C C Iwo ADJUSTED CURRENT YEAR 1 OOO 0 ICC OPP. * 4C •/a:r• P r.0 r'rlr. C CM r.4•0 .r yr •• ► ►• CO. P P .+r1 r It 0 NET ASSESSED 469, 861,701 142,087,44T ST1,9491148 NET TAXABLE Z O ewe Pt. i DI W . �&..t P. P. DIe~t►P. F`O1... ee▪ l— IuZ O rZ WZ 0.NOW 1� PCP. NWILI O Mt.,.Z �Wyy04I Zd►+Z W eeyyt W WV W tin 0OZ et OZ OOZ et 0etve.+ W Wed f Oe4tve.e W t=WO P. C7 <ZWO H ..._ 0 S0 J,.+eLO 0 EXEMPTIONS 0 Jet t= IJIJ W OW .0 JH 14 dUSINESSRIN1/ENTORYNEXEMPTION NET TAXABLE *NIP .. ... .. P•-Nr.. t. N.O .00.0 M M IMo r• fr.Inpin •o 0 I0 e: 0• ' ...•3 ••• • • . Ill •• . •• .INN .0 •0 .0 .11.o ►. P.c con M M M Or*e '0 'O.O we.+ N N N P—.P• r, r• r lb a.. • • • ••• • •• wort * * *Nan .0 0•0 • •• w ept •• •1•0 10,236,831 10,236,A31 10,236,831 W J 0 et x V/ H O yPu H C 3 Z 3 .00N P PC CC•M ♦ *0 *NNW' .' • C. •►• • • • OPm* P I►O rt.. In It P 1n.o - .+ ID rl N .ems C C .•. 1 .00M P► I.C. Girt" In r.0 •►• • • • .ICN ♦ NC *r v' N NP. Ni.- is P Pef • • ► • • • .ae+.0 M tn.. Cn r C .•r+ In It% Z O er H e. W x W OY ZIO.• ` -- al▪ — WZ O CZ eatZ ▪ Z ~ IXi.2 Na7 Za.►. Z .+ Zar. ZJH atH Z JM >Z;Mer„ W aw !Z1 OCS et OZ COZ OetH•e W W.+ OetH.- Z et' ? VI Ze.etH <K = 1- 0� tZti. I'4& el 0 SO Jre.O UNSECURED ')THfm f AIM►?TANS ••• NET ASSFSSrf 480,098,532 112,flf7,447 S R7,1115,919 NF T TAwAML" MC NMO - ATTACHMENT NO. 1 :e,e+ ace.- .o*NN 00.4 .ONV N P1 M COUNTY OF RIVERSIDE REDEV9.OPMENT PPDIFCT PALM DESERT RDV 3 (ROVA11O) A 0 INC CURRENT YEAR 34'007,732 140,170,776 174,17A,50N NET TAXABLE O v NET ASSESSED NET TAXABLE P.Z5 *N o3a E3 oe • 'a`o' • er . CV% P+r-OO a • • ► • .. • • • • • • . • ► me o.0mv mr M N N ee3.00.r 111.4•fN N ►. ► • ► ►•. ••. • .AI` P. H • (' etcN MN, .4 te:pN 0 O Pale' MP.14V r e'-.+Q P P N..4 oles Co N *win en e c O•rM N*N.0 . w•. w w . ••• •►►• • ..oP P N P- CO. Pv.V * c Ole a ee o O•.Mo C CP4.0 r .O.O P' r M cc* rc,r•0 r ..•C o o .,00 ..e'* t CC,.. .o.-•.r * .. .e .r .. w0• ' N. O O 4 4 4~10 4.40 WPeC a .e.+C 4N44 .•• .•• . •.• •••. oe le Co•e r ar44. OPNr r4eve 040 M M40 0M.44 N4 P. .O 0 44O r ro.• ►► • • w •w. •••• MN % r r. • W1. lna.... PI .. .. .+ 1Cr'44 0.* .4 N .e NET TAXABLE l614,817,1I1 O O O • • O ."• .•. e.. •♦ r YWC lWK i[ x ZW ZW ZW W >r oy a- 0/in y oy y g> >4[ woe ue ". ye+e rc yer r NO N 1••0 Vf F-O N tt- -0ppf� N WZ =Z 1110> WZ =Z M. _= VI:). = Z qq��W .. Win &W 1•. WW LW ►. WW aW .- LLW e—aeZ Y Z F-oe2 WZ l-erZ wZ ►-ofZ a Y Z Za►. _ .e Z 0.44r M Z0'4 M Z`M = M LAW r W W le W W N W Y. 4 =JN f[ W<NWN ZN Y:JN <N >< ZN =JN W<NN W<N=JN Ya LLN ZN ye OOZ OZ �OZ se OZ tin c 0Z OOZ c or 0 orP1.4 W W1 own*. W Won Cis[ W win 0 4Ne.+ W Wr ZaerN Z N Z0 4n S N Z``faeN Z N Z& 01 Z !!N JraZip e SAD Je-.ae03 O d ..►•LO 0 o i•a0 0 Set OTN O W JpC uV JN N UNSECURED County of Riverside Office of County Auditor -Controller County Administrative Center 4080 Lemon Street, 11th Floor P.O. Box 1326 Riverside, CA 92502.1326 (714) 275-3E00 FAX (714) 275-3802 Mr. Carlos L. Ortega, Executive Director Palm Desert Redevelopment Agency 73-510 Fred Waring Drive Palm Desert, CA 92260 ATTACHMENT NO. 1 Anthony J. Bellanca, CPA AuditoarComaler April 1, 1993 Dear Mr. Ortega: In accordance with Health and Safety Code, Section 33328, we following fiscal information for the Palm Desert Project Area No. 4. Exhibit A Exhibit B - Exhibit C Exhibit D Exhibit E - Exhibit F - If you have 275-3825. Total Assessed Valuation of Taxable Property within Project Area for the 1992-93 Base Year. Affected Taxing Entities. submit the the Estimated Property Tax Revenue for each Affected Taxing Entity from Base Year Assessments (within the Project Area). Estimated Property Tax Revenue for each Affected Taxing Entity for the 1992-93 Fiscal Year (within and without the Project Area) . Estimated First Year Taxes available to the Redevelopment Agency broken down by Taxing Agencies. Assessed Valuation of Taxable Property within the Project area for Fiscal Year 1991-92. any questions, please contact Randy Jensen of our office at (909) Sincerely, ANTHONY J. BELLANCA A ss_• r-Contr -11 AJB:MN:dmw cc: Supervisor Larson County Administrative Office County Counsel • County Assessor All Affected Taxing Entities Rosenow Spevacek Group, Inc. By: &Ci Martin Nakunz Deputy Auditor -Controller ATTACHMEN1 NO. 1 PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 4 TOTAL ASSESSED VALUATION OF TAXABLE PROPERTY WITHIN THE PROJECT AREA 1992-93 BASE YEAR EXHIBIT A SECURED $584,715,429 UNSECURED $ 2,746,876 STATE BOARD OF EQUALIZATION SEE NOTE TOTAL $587,462,305 NOTE: STATE BOARD OF EQUALIZATION VALUES FOR 1992-93. WITHIN THE PROJECT AREA ARE CURRENTLY AVAILABLE. No1 HEALTH AND SAFETY CODE 33328 A 3 S tt 1 1 t1L r11‘1L' I\ 1 iNl►. 1 RESOLUTION NO. 294 -PALM DESERT REDEVELOPMENT S3ENCY PROJECT AREA NO. 4 IDENTIFICATION OF EACH TAXING AGENCY LEVYING TAXES IN THE PROJECT AREA 1992-93 BASE YEAR EXHIBIT B COUNTY OF RIVERSIDE COUNTY FREE LIBRARY COUNTY STRUCTURE FIRE DESERT SANDS UNIFIED SCHOOL DESERT COMMUNITY COLLEGE COUNTY SUPERINTENDENT OF SCHOOLS RIVERSIDE COUNTY REGIONAL PARK COACHELLA VALLEY PUBLIC CEMETERY COACHELLA VALLEY MOSQUITO COACHELLA VALLEY RECREATION AND PARK COACHELLA VALLEY COUNTY WATER COACHELLA VALLEY RESOURCE CONSERVATION DISTRICT COUNTY SERVICE AREA 26 CITY OF PALM DESERT HEALTH AND SAFETY CODE 33328 B ATTACHMENT 1 PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 4 ESTIMATED PROPERTY TAX REVENUE FOR EACH AFFECTED TAXING ENTITY FROM 1992-93 BASE YEAR ASSESSMENT ROLL AFFECTED TAXING AGENCY COUNTY OF RIVERSIDE } N30.3:" .2979 .2 " COUNTY FREE LIBRARY .0280 .6"Lel. COUNTY STRUCTURE FIRE .0612 •...-4 DESERT SANDS SCHOOL .3724 - . DESERT COLLEGE . 0774 • p ii ce COUNTY SCHOOLS .0413 ,04 , RIVERSIDE PARK .0044 ��- COACHELLA CEMETERY .0035 ,0.3s5 COACHELLA MOSQUITO .0141 .v1' COACHELLA RECREATION .0213 •O 213-7 COACHELLA WATER v . 0697 • 'D'- COACHELLA VALLEY RESOURCE .0004 COUNTY SERVICE AREA 26 .0049 CITY OF PALM DESERT .0035 TOTAL EXHIBIT C PERCENT AMOUNT OF TAXES OF TAXES $1,750,050 164,489 359,527 2,187,710 454,696 242,622 25,848 20,561 82,832 125,129 409,461 2,350 28,786 20,561 1.0000 $5,874,622 HEALTH AND SAFETY CODE 33328 C RESOLUTION NO. 294 ATTACHMENT NO. 1 PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 4 ESTIMATED PROPERTY TAX REVENUE FOR EACH AFFECTED TAXING ENTITY FOR THE 1992-93 FISCAL YEAR EXHIBIT D AFFECTED TAXING AGENCY SECURED UNSECURED HOX COUNTY OF RIVERSIDE $133,534,412 4,690,296 3,351,139 COUNTY FREE LIBRARY 4,341,849 153,146 108,962 COUNTY FIRE 5,020,807 167,342 126,000 DESERT SANDS SCHOOL 20,208,389 669,536 507,144 DESERT COLLEGE 9,752,027 325,142 244,734 COUNTY SCHOOLS 20,442,695 669,397 513,021 RIVERSIDE PARK 1,788,159 72,955 44,875 COACHELLA CEMETERY 141,174 6,840 3,543 COACHELLA MOSQUITO 1,256,561 48,625 31,534 COACHELLA RECREATION 833,836 33,376 20,926 COACHELLA WATER 5,116,072 170,052 128,391 COACHELLA RESOURCE 16,282 825 409 COUNTY SERVICE AREA 26 25,645 963 644 CITY OF PALM DESERT 425,164 16,085 10,669 NOTE: THE ABOVE AMOUNTS WERE COMPUTED FROM THE FISCAL YEAR 1992-93 ORIGINAL CHARGE AND HAVE NOT BEEN ADJUSTED FOR DELINQUENCIES. HEALTH AND SAFETY CODE 33328 D "TACHMENT NO. 1 PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 4 ESTIMATED FIRST YEAR TAXES AVAILABLE TO THE REDEVELOPMENT AGENCY BROKEN DOWN BY TAXING AGENCIES EXHIBIT E AFFECTED ESTIMATED FIRST TAXING AGENCY YEAR TAXES COUNTY OF RIVERSIDE $ 87,502 COUNTY FREE LIBRARY 8,224 COUNTY STRUCTURE FIRE 17,976 DESERT SANDS SCHOOL 109,385 DESERT COLLEGE 22,735 COUNTY SCHOOLS 12,131 RIVERSIDE PARK 1,292 COACHELLA CEMETERY 1,028 COACHELLA MOSQUITO 4,142 COACHELLA RECREATION 6,256 COACHELLA WATER 20,473 COACHELLA RESOURCE 117 COUNTY SERVICE AREA 26 1,439 CITY OF PALM DESERT 1,031 TOTAL $293,731 NOTE: ESTIMATED FIRST YEAR TAXES BASED ON AN ESTIMATED INCREASE IN ASSESSED VALUE OF 5%. HEALTH AND SAFETY CODE 33328 E RESOLUTION NO. 294 'ACHMENT NO. 1 PALM DESERT REDEVELOPMENT AGENCY PROJECT AREA NO. 4 ASSESSED VALUATION OF TAXABLE PROPERTY WITHIN THE PROJECT AREA FOR FISCAL YEAR 1991-92 EXHIBIT F SECURED SEE NOTE UNSECURED SEE NOTE TOTAL SEE NOTE NOTE: INFORMATION NOT AVAILABLE AT THIS TIME. HEALTH AND SAFETY CQDE 33328 F ATTACHMENT NO. ►. 1n0•0 0 .0.3 'O z MOM N NO N W ONO .V r+O ,.•+ { ••• •1 •• O. IP11N !P 114 • i 1 :. I . h 00i NO 11 PO • 0• . r ! : •j cc 444 M MITA a O 00 �. • • • • AP C so 1••• Op n N* w Zpwf ti N • .t • C f•. p • I A , B5,764.347 44.04 4.4 « .p0O`W rip+ P ••• •• •:• OPti �Opi n ' 11.4NP 1� t •O 1 ON jt .I 4 ,t .0 ACI: C r+0 O1nd,R1 t .t�.oLj �rOr11 0 fnOO 1n .1 • ii • 1• it 01 M .m �N N • !N r 0.0.q P1p11, • ..3 • ipg frup nP '�1 D.4ce in n 59.2e1.495 NET TAXABLE f 1 • • • R I. z 0 0 0 . N H. f.. F 1- H ' Or �t 0.0. t f W I, W ;� ! 1•,K w i w • W • . fI. • 1p I ,11. 1 >r • • y; - 1 '.i 11 =K cc •11.Oc t i �O W o . 1+ - N O "i t•.O A Fx, v_> H K> VI ▪ V H > 0O> ►+ fr • K r -fr .� Y4 Wd W .y . yp��,•. N )K LN Ai K N • C..M K 1/1 W •W N Wz W W >zw AI z '2 of of z• �oz �c 1•. W D.1 1C z in = C;V1 Zo x N dKNI S o .N+ OA O ZO IJwp2 H r .tLWO 1- re...4.4,R :. tl►► 0 `: ILI 10 ! 1 .0 o-s W P4 N ilE NET ASSESSED .1 1 t RESOLUTION NO. 294 ATTA( .MENT NO. 2 :.; i • I • I i i i • - ; I •- .rtbif• NIA's,. .trt t I • 1 1 . • . N1+01 , NOgrs 0 PI Z .?it io chttnirt itr• I 0,0•1 01102`. 0 a• .11144.4141 IDM w 0.1%•0 tnicso•rt Kt trtc••• -r-4:04e .40 4 iSC 11 P, • IL ••• 6 • • • • • • • • • • • • • W 4000 0,0410 0 01461. 'dr.., 0 N 0 0 Irlits0 NI‘iftp, wt 0.4,44.0.40.,N 0 0Ir W-71 %VIZ 1 0 0 Pc 014.4•4•51 PI P40 0 0 0 Or • • I. 0. • • I 14 4I11/ itifttotA bt r000t i P. p- • ei r4it re V.' I. : .; ol ;es. It . • ; ic, .z.:, . 1 : • ' . • i ta . I • : • 1 Iii 11 i. ' isi i 1 :...; s rj *I . . 1 , li I.1 !.-1 mil •ro I . ' • 41 • • • 4-0 ..1E5 11' 1.4 0'1 442 i .1 : I i. a 1 :I i• I."; i-t • 6 • • 6 • • 1 0 min : I P'•• ,..is 7 11-' • • . . • : • . : vt I N 0 •• .1 • ' tit PI ;4f ' ' g 4 •)11": V I . • : 1 • 0 ' I. 1 !s I • •i - • 7..1 s I • 1 ;'• ,, i•* ; • 1 • • • i mig • : ; I i I : : i.. i • . IX . 04 7i I.! I i, 1400•1111V+0 •• ' :1 • ' W ax - • t•, 0 0. 4.00it "400 6* • 1 IfIN • 0.616. •O' 0 t. ' . • 0 0, 112•46• - • • • • -:-; I I, co 3 • v.. Z } 7).1 .40 X rtIO 4.40ri! v4 .0000 . W • 0.4 • • • . • 0 41.0. Xd�6. 411J :•ri V:. = • t i 1 ...1 1 , 10 . c,0 . i uj ; • LU. W W 111.1, VI : V, .../ VI ' an so an . • a, • 1: us . us t''' in I•A dt 14 ; 5 . 0.2r4z.I1M.•IZ2wx11A.CIA •,VIV41z4L9III1 I • Z. MU ...i4"2.: ..i •2 VV-I :' . • •III , 1Z01 AV44o.o I ; i ..n,.•. t•;.o:VI_ n 0 . tlN0uk.:I m :P • ` CU / i2 K$•Aw1z46- 4m.4 . ;1• 0 0- 0- ! iC Yg : U. W w! ' ' Z Z . OP.Iie •- 94 0 ,.e ..4' )• L 0 6.0 .V.2 V0, 0 _ . JI-2 a. ;Z 1- IZ CZ .. IC EZ 0 Z1 VZ10 Z .1W- .I,.OW ▪ Ii LW 64. W O. NI P.4.426::"VI02 , 4 I/7 1..HI 4 .,w 1:.cItE..V•• ./4 WVI LU,ZVI U.4A 1 U4V2 -11tII t 22w Z DZt34 a Z.02ZC ow14:iw1U U O. 2 V.O2X •LE ttzw•--ettu -1p° : I 0 _20,435,70a • I 0 UNSEECTItt D O D N e w •.i • .0 N l 0 6N 0 • 10. = 10-0 zoc ay- • ATTACHMENT r' 2 W 1 W •1 0 Z d tki z▪ . et. • 0 W. Z. O W INCREMENT PO•o 0 00 0 P• 0 In 1110 0 0.00 0 40 i0 • • • • ••I• 1-*•6 0 • ON P1 •rPO N NO it it .r07 AO 0 .40 .0 P N P.p. N i • ti, p. v. '4 •! N • 0• N 40001 0 00 0000 .a - IP Net N N •p�• ► • ~28 •0.0 N N t PIP P1 rt I P10 N N 12,3269216 PLO ert � O •►• itNN t••• .4�P 440.054, 674 � 1 40 • • • :0 P •+1 o • • N N O I. O • 12.3269216 0 0 t ~ 3 c O 1- 7 I- I+ CC u L.5 # i i .i o q % 0.4 10 . IliW i { >'t • >t W 4 I >` . y . o i.-O i 1•I J 'O CC :v► .-p I N ice 1 1.0 I► • , OC►• - G -s- Z LI-. • OL z 1F : CO- 7Z U. O.W W LW O. ►O.1 aW. 4W W a4� Of 112 0 cz ~ 3. W OC� W� ' 1�� 'Luz IC y I �OZ Z Of OZirgg OC Z t02 O 1 aug0i. ►•�. IL WM ZKN W + OGN N S =N LOKVI s '=NOCN W = 4tCW0 O= O ►- 00 t=WO 1- M KT_WZ 0 �a!0.o , sea,..1«+iO 1 o m03 .1«.ao arm r►•aa{r.t = fi 1 ..0011 eaIL/J a u W N ow io H .:F e:til tz 1 E ASSESSED W y V eD • K ,Y1 �I K 'I ATTACHMENT N( 1 . . . ' *A* AMA. • 6.• 00. * OW A.C2 P. Z 04 N IC14 rdo ;g • owoc• coo. PI r•N W .*t 4A,0 • -SON IINP.A. . ••• 5 .•.! i..• ...••• ..00 ,p.m a =1:1 .4.-e• 110 1.••0firt 0 ! .4• ewe 10041 , lj CPAI IA Z A • A 0 • • AI* N I o. IM:6" ri. 15 •14 AIP. ••• 01 ri ; " et° nir P. I L'. 1.0C I•42 Z 0.10 00. 0. rr RESOLUTION NO. 294 1 . • • 1 . P • f i • . i • 1 li- 1 l .1 i• i •• 3 . . : • •, 400 el 0 %Li i ' • I .42 - "..'.1 ; -1 . r •Tel 41113IP 2'. • A..' , I1i! . jI•. . 4•. • i s•o !li'b . • .•1; • i: 1 1 W• 0•.0 .••f0•:', ' • rID• ID 7--_1-j-4.,.•d •c‘-I4o--•3-••14 -y,-3a'f';-•.. i•t-p•••••4•'e0•o•nn•w4•l•l 411 • • ; 1 •k*• i!l ▪ 07 ! er%r- :•.bC • " ! 44 .3Aeo •0 D••-'•---7j-V/•, 0A W P. ••10. .. I I.0* •I 4440C• E*roN•• 1i 'IA' •-• 400. 1 •• :0 • •. :iua : . • • • W •1 ; W ). .1' 133 4.0 ; P.N413 3 Oft 0030, 14. r *0 DIA 040 r N • Ci • • • 1 I 1:H -. IJ ' IX IIII PIO 0.0 -2 i . • 4.4a, -,. •IIII . i .P..14 ..ike 1,• 0 ;;IO P0 . Ole ; WOW OW 0.• . z MO WOO; . 4. CPZ.t.'5.,' 4 cc , ,- cov, 3 031.050.1.1i p.P 0P..13 • 433 O. I UI • •• 1 9. 8. • 203 O mnelo flry • • • • • • • 1 • 1.- • se 0,' - fn.-. ' r IND 43 ••••P 0.4 . 4.1' Z Ce P.• a ; .... .4 IL • = .4 - 4 •-' 1 ... J••• Z U 1 G. ;. f.. P. • 0 . 1 mJ W i 1 O. W W % 695489797 AND 111 1.41.. * 00 Al .04 e. frtNi PI 0.0 Po 0 • P.43 0 IrO'4V IP APO Al P4qM 0 00 0 INA P. t 0 • A t • •• i N '40 P31 ONw1 '...11. 1 1" On ri . , il • . r. 0 .11 7. • NET T AMU z 0 i-• s- 0. M • • w us bit I a. ; oa• . , • A • : • . z • a., 2 0 .11 I.-0 t S- ' 1••• Z 12.1•. • OC : Z • 0 KZ • W . ILI Ow, LIM 0." i 2.rek. VIO: Zi triAW - W V,UAZ0 WO =a go!) I_! ill .CX 6 N 0 - ku 3130•4 0 OW '' Z VI . Z tin Za.ce I deULZ •- 107 ot z w - ...0-0, go 03 2 •. . lin NET ASSESSED OTHER EXER TIONS . se, z tu • ••• NET TAXABLE z a-sx repo- -VIZ Z 2 t 00.tUz. V( W7 w 4.0.••• A U ."1111ocv* 17W 1 Z 6T 6 X ° • • ATTACHMENT NI.2 INCREMENT .t •t 0 •f • ►• •• O O�F. 4 •� .4 .•1 • •• , • Ig w h •"' "' ,I I• I ii � emy 01 j• a.n• dci la e . d .j moo • • w � • 'v'1 I•1 I 1 itj; W,J 4044 ••w Ii 141.o 41 N 0 a '0 433.505r33I �a ito +L1 . •4 RESOLUTION NO. 294 ATTACHMEr NO. 2 1; /338.447,17 • Ih 14 J INCREMENT P.04 .1P. 4 'O 1.1t1 A ..err" ION° O 04.4 01110 J'-'1r1 r'1 4su1 .04.0 17.4%1 h 4,04. VI.111 .frn.•1 •i N1.lr•l .1r.r. t'•*rn t1 r1►•0.• IA •.• . •.. 00 0 .4 l-4 -4 01A-4 tit" J1dd1.0 1OT O. . �rV�f d •10" Orl •. CP COON 1a 853,76Z,478 . a ,,; 11 1 1 ,,...-,.,..a.„ I �'„ I IIlrld'•I�C Iu1.00 01 1 1 1.0 r....01 rr�r� •n•oo r•.N • . •0 :d1.1 r..r!1 in '.1Y1+� ;Pr'1 0 .t ` .fr.l ! Our i-+ Ir.1N' 1 .-1.-4 . , :' s. i • --- I! 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O 4 CNN rl .i tZ • 41 d N . • . r .. • i %DINA•� 'OQ�NI N N N Ca .,0 t ,a 'r:+NW O O O Fw�W ' ! i I .O' 00' 0' Otw1 1 II • -9i1' 16t' LEf isf N Al AW N� W 14 W Ma i l 42 O 'Of. O . 0 0 00 , • I OI .4 .. I, . .4. . .. •• .., ' i , 0 r a MI • . 1 • ••44 .' . ..� . ... I ' ! , . 111 ry N tarty a. A.Im N ' 1 M >JW T... ai l a: o o ....o. J. cws ow Z 'OM iu1!HDV11V • • + q N 1t tata m i •' O • 0 • 0. j Sp�ri •• f�l 9 4r ? oar a1 MO. 1 I I ;I ' 6i1+96C'66Z • N! • a • _ t:/404: lii3S3a iilYd ,i • • V6Z 'ON NOIJdl'IOS32I COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT PALM DESERT REDEVEL PROJECT 1 aD 1r. 0 _ (REDVAlla) ._ INCREMENT Of ASSESSED DISTRICT VALUE FOR FISCAL YEAR.1909-90_.. INCREMENT ADJUSTED BASE NO* **00 0 0•0.01 010010 01 N'111.4 0440 '0 ••• •••• • 1••1-.4 .001.0.4 P 4N0 000N 44 PN1'• o*1.1 .0 ON M M M WNW *MN N NCO N4411 N NO 4,00 • • • 4:0040 0• 010 01400 '0 •OP. WON 0 01 • • • • MO M1 M1 .�.� N N X OON f'J'ta70 mNY N0.40 W 1N.4'O 01.0Y0 400 1110.M10 Y '0.101 e-o.6 ' Z *mo• M*M1 W ►►• • • W M1044 M MI W MN M1 M1 V 44N M1 M1 234899,220 335,316,718 J J J 0 0 0 N e7 N 1.>D X 0 x y N X N < 1.. VI < H 14 4 Y N 4Y .1. O 1- Y. 0 1- h- 0 f-• H O N- • H C W w C W W m W W C W 42 0 z Z 0 Z Z 0 Z z 0 Z JZ • • z • 0 ►4 04 .4 • 04 d d 0. 4. W w W W x x x x W W W W Y OY Y oY Y oY YoY Yoe 4-40.' Y4 MC YC 44C Yee ...mg 1�0 H YO f_O 0 fs0 FO h 1-0 NO N YO CI-- Z MI.. 0C1•. Z d1- W►- Z d1- Y1- Z d1- WZ O EZ WZ.0 ZZ WZ O ZZ WZ O KZ dW ►4 WW dW 1.4 WW "dW •4 WW dW M 'LW NOY ►- )CY NOY ►- x> NO> 1- xY NCY 1•. ICY H#Y d WZ YCZ d WZ /-CZ e. WZ ►-CZ d WZ Zd04 V ►4 Zd►•. Z ►4 zd►4 2 ►4 Zd.r = 44 W W W W W OC W W 0C W W eC W.A., x WNWWI? x WN Z.-IN )t UIN =JIA X WN .44441 W Z1A W4I401 W 244 W444 W ZN W<0 W Zvl >ZW YW YZW 214J aTW 2W >ZW =W oC Z ee cZ 00Z ee 0z onz a: 02 0o= a< OZ OOCN•4 W W.4 Zoom-. w 140'4 own., W 1004 GOCN►4 W W4 zim '42w ►- 00 4riw= 1- 00 4ZWO 1=- CO <ZWO ►lin_•• GO J0+dn O Zm J1-..0 0 20 .J►+dm O Sso J.-wa.m O Zap 4eM10• *.gm N 40MM1 OMMO M1 P NO 0420 0 INOM1 Oo0'0 0 0N4 .0*P ti P . NO440 41 ww• ••• • •►• 6000 0 '00.4 '0.0.4 .4 I'l l# Nee.. 0. *01.4 V1. 1N N .-1YW' 'O*'rgM m :0► : • • O'�P O'N�O1 � fr MN m M PN y Rif !•1 '0 t4-MM1 .N0M.00 •• 0 • N♦ A '0 *0N N ►► • • .4N M1 M1 3,516,600 W'OO 4o40 10 *#o *OM° M NNW MMWO O •►• 0 •• • 0M m MO.'•1 .0f(1N vT 10 000 0 • 0 m.4N P 1► H .•M N N N 0Y 4 NOW' M1 * 4'1 MM1..10 p.m* 00 4 .4 00w1 N0410 4O (0.M1 r1 0-N 0.000 ►►► ••► w •��►wwpp► 000► •Offer P-M1M1m MO1 �.fOft 'f4ppp�.P NO. .4 .4 .4 4N.1 N MN .O .0 •O MNM 0 M 39710551031 • • 0 W 1.244ow -J10 N I ••i:l:i_ • _UNSECURED li'i • ;1.1•,.111:'•I III RESOLUTION NO. 294 COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT z N O PALM DESERT REDV N 0 IREDVA110) INCREMENT ADJUSTED BASE CURRENT YEAR *WO NO•M1N I•M1N M144.1 .001► N4NO ►ww ►►w► 0 O•N.i 1.p.O�,OpM M1 m44 O•+ P••M1+ O• w w wwww w P!'01 0 a 4.1+ .O N I41 NP•0 N0+0 O•+O• mW+ COMM Nr1OW O 00 6066 00.0 OWN'. .•ION N40M10 614.40 NN04f1 show ►►ww OON =NNW P.P. N Nd o1J' .p .0 0.1A0 +1.4.I41 .004.1 .ONO./ M10•O• 404+ ►► w w w w w 0+.1 P.COY. 0.40 0•04•0• .ON+ NO•NO• w ow wwww +O•N 4.to4N NO .. 1 1N 1•10• N N w w NET ASSESSED 634,347,644 1,228,301,192 NET TAXABLE H 0 0 NET ASSESSED NET TAXABLE OOM1 M- XNN *Wet NONN *0V. 01..•0 0 .040• M10.*.4 NOW NVV- P. 0 0 V 40M0 w w► 4.4.4. w 000 w w► w 11:+06 NO.9Q.4 .1 /.p...1 .0.....4001 M -NN N M.OW 0P .Nj ww w 0 w 000 Ma IN•0 N N N •O� 4.40411+ .0 4 P•O M1oN N N+.O M40.0 +4 .40•..4 .4 O.O N *OM1pp .40 No40 0 0NN +1110•f 00 000 ► ► w► 04.00. 4%.0 P.'tM1 M1 O.00 1►N441* 4.4 1�+M1 M1 .rNr 0. 14O 4N .6N.•1 .•1 NP•N .4.401P. w w w ► ►ww ►ww► M1 M1 M1 MI MOON N''0 OP.O• •00•P• N 0'NO• 044N +441M1 .4.ro• 0• ON+ NNO• +41• 0- WNO 04 + wow wow ► wow ►w►w 0.40• 0.44 + 0.0.1 •O'�1N1r• MO +.rM M1 0+o- +.1m0. N'O MOM M1 4+0 .114100. w w w ► ► w o w 0.606 WO. P. P• P• +I•N +V10N .r N N N 1l1N.1 ?.r►•N MO, N N ► ► .4 61 NET ASSESSED NET TAXABLE H N 0 NET ASSESSED 618,155,330 63T,480,659 1,255,635089 IT!T TAXABLE w1 M 1•4 O M P• 1- Y. 1. W W W W x x x x W W W ZZzZ Y oY Y MY Y oY Y Os. Ye 4.4e Ye I -se Ye ..4e Ye 6-10[ YO H 1-0 4-0 N 1-O 1.0 H 1-O r0 H ►-0 off z 6Y O[1- 6Y =O. Z 6Y WY Z 6Y ulz o =Z WZ zb WZ WZ o a[z WZ o CZ 6W .•• WW 6W M WW • 6W N WW 6W M WW NO> i•• W> HO> 1.. X> NO> h• !0 I0)0> 1- X> .•ceZ 0. WZ .•KZ 6 WZ 1-u Z 6 WZ )....WZ 6 s Z61.4 = M ZO►+ = M Z60•4 ... Z0..4 i 1•$ W W et W W W W W W W 1W W S-IN f( WN SJH 7.0 4.V1 =JH X Ww M-IN X WW wino, W MW Wf'H fu ZW W<V1 W 2H WfV1 W ZH >Zw ZIu >ZW =u. >Zw NW >Zw 2w roz s oz o0z ee oz OOz ec oz ooz e[ oz OOC~ W 'u.r oce~ W W1'I Ooc.m.. W W1"1 OoeHw. W 44r04 <ZWM /- CO du' ►- 00 <= WO F- CO <ZWO ►- CS J•+60 O SW J•+6tl O 200 o ► 0.0 O ZW .-i' 40.0 O ZW 0 u, J0 (J/J OW JV► UNSECURED 2 COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT PALM DESERT RDV 2 (REDVA110) IUCREMENT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR 1999-90.. rt. • sza W 01 a0 i 0.00• N ONO •O •• • •• • W 1-O• O COO O) sr.2t4g W .00N P. 11.0 31111'* *0 .o .•• • •• e•r1", p. 0.0 W101.1 o4 - 1- •• • • 01 1OM N N t111 .0•1 .1 O f PINON W ▪ 1n0•.0 .- 1►.0 «•• • •• '1. MN 0 0*. MO Z NO N NN W •• • • Of co. W1 of 0 0N 1•1 A -u 102.08T,442 3140969140 NET TAXABLE NET TAXABLE x Wz z W o.. O)• ). O). Y 1_0 Z 1.0 1-.0N 1.0 1-0 ec1- Z e_►. ee►. Z o.►. ae►. WZ O ZZ WR O ZZ WZ .W ..A u1W )- Z O. .LZ I-eO[z 4 Z 1-KZ ILA W �..I tat W �..1 Wn... tJv1 X 1UN Z'JN X WW1 ZJN W<H W ZH :WIN W ZN LL<V) `JZI. =W ).ZW =W ?ZW 1-702" eC OZ Oft= eC OZ 00Z Oe v b-4 W W.1 c.c.. 4I us-4 cu..-. ze.eCN = EGA Zo..YN = coo Ze.a<H <=WO ►- OM «WO 1- 0 t..twO J•.o.10 O 241 .h 6.0 0 2XI .►+stl PWW1 .•1 .1 .1 010.0 * 40 If1N.1 0• O to N111N a) 00 ONP O O o 02 2)10111 .1 .fi0 • • • • • • ••• • •• .40•.1 N N N O.0)N .4 .d0• 0..0 •O •O 0.111.0 04. P. /- 1. .0..PO. - •• • • • • • • • • .M► 0 0 0 0.1Nr N N .M N N N 41. N N 290629891 h N 0 K 10 0 w yy<n1.1 OW JN z z a a ... .•1 c c W W x uJ 16 N 29,7629891 NET ASSESSED OTHER EXEMPTIONS = UNSECURED 29.7621091 gUSINESPINVEHTORYNEXEMPTION NET TAXABLE .6°4 4 00h 0d Os 411. 016 .e▪ et •0►.m 04*111 N1+10 ••• NOP. 0. 1Po 004. OMl.•1 N 10291579447 34590589631 N .A 0 13 • il I I {! I• I I 000 Sg F •0.0 •• 1N0• ON • NET ASSESSED 24296119564 1029087,447 34497599031 NET TAXABLE i County of Riverside Al It L.1.101L,♦1 ••v• Office of County Auditor•L-ontroller County Administrative Center :Jd) Lemon Street. Ilcn Floor R.rert.ds. CA 42S01•1e9: t:I4; :75•f6JJ January 02. 1991 Mr. Carlos L. Ortega Executive Director Palm Desert Redevelopment Agency 73-510 Fred daring Drive Palm Desert, CA 92260 Dear Mr. Ortega. In accordance the following *3. Exhibit A - Exhibit B - Exhibit C - Exhibit D - Exhibit E - Exhibit F - If AnthonsJ 3e::��,� Richard E. ?��e•e.lo. . ant Auduar with Health and Safety Code. Section 33328, we submit fiscal information for Palm Desert Redevelopment Pro}ec Total Assessed Valuation of Taxable Property within t'I Project Area for the 1990-91 Base Year. Affected Taxing Entities Est mated Property Tax Revenue for each Affected Taxin Entity from Base Ysar Assessments (within the Project Area). Estimated Property Tax Entity for the 1990-91 the Project Area). Estimated First Year Redevelopment Agency br Ass ssed Valuation of Project Area for Fiscal Revenue for each Affected Tax Fiscal Year (within and without Taxes available to the oken down by Taxing Agencies. Taxable property within the Year 1989-90. you have any questions. please contact Randy Jensen of our office (714)27S-3825. Sincerely. Anthony J. Bellanca Auditor -Controller AJB:RLB:ms cc: Supervisor Larson County Administrative Office County Counsel County Assessor All Affected Taxing Entities st298 By: Raymond L. Boyer Deputy Auditor -Controller .aa ACA .'v. r PALM DESERT REDEVELOPK f AGENCY Palm Desert Project Area No. 3 Estimated Property Tax Revenue for Each Affected Taxing Entity From 1990-91 Base Year Assessments Exn• .r:t 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 Pala Desert .0535 81,761 Desert Sands Unified .3714 567,589 % 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 11 fi_528_z41 Note: Above amounts represent the General Levy (1t) only and do not include taxes from the State Board of Equalization Roll or debt service. Health and Safety Code 3•3328C L) A . ♦ a . ♦v. .. RESOLUTION NO. 294 PALM DeseaT RezevEL�Pt1; AGENCY Palm Desert Project Area No. 3 Assessed Valuation of Taxable Property Within the Project Area for Fiscal Year 1989-90 Secured See Note Unsecured See Not' TOTAL sP''1111 NOTE: Information not available at this time. Health and Safety Code 33328F A 1 1 ALktMk.f\ 1 NU. 2 REDEVELOPNENT PROJECT w M N 4 W 31. < O 0 0 u 0 4 S. J w O w 4 4 w H W 5 N Yl N 0 ttEDVA11O) INCREMENT OF ASSESSED DISTRICT VALUE FOR FISCAL TEAR 1958-89 1. OaO COd8.1 g OMmsbMw .1 M O 0 0 O0 .� N N N =N N NO 4 NAPA N NO N 0 gilt.$ SA t W SOON O 0 0 0 AO O 041.11 N N N 4 ♦.40 M400 4 OAPs M►AAp W NM►N ~AO • ••• 0000 4O0A d.M O *00 M+ W ••• • • 4 a0 0 0 2 .1 A A► V 3040073,579 N a�l. •p• 0 N Ni • •r 411.40. �ppp.�yy N R� N tong Dem ~a ▪ • 01 is : A NN44 �O.IN 329,3249561 •101 M000r•40 00A1is AA 41l14 NNO AI 0 • • • �• • • N M 14 trim ~1►N .••iN Al A t.N ft 4.41.1 N N NN "16NAM1 ON O N N 06NO 00 0 0• - 0 O1O NM 4 'O 1.. '0'.. 1►M► N Ng 'NN 3'3 O Ogg gT• NN N N M A A M1 N y0 N . N N ` M 4 N< r N 4 1+ N< 1. 0 4 i. t r t ►. 4. g 4. rr. c • s i u s z 0 s uW O 0 i3 I.. 1~. 1• 1~i 4 a.4 d ! ! ! w1y 4 x m It w w w W b. L. 1. 0).a� s. 0). s o• b. OS+0 U 1►rec}.p N F•O �O N F~+0 ►% kW N h:0 wZ EZ W�Z O ?!! 4W N �(W W �Iy['L II-42 WZ ►•e0G2 4 1L�= *42 0 WZ 1.4Z 0 h. WZ Z414 .yyw Zd..I ! 4.1 Zd■1 yX�� 1r/�l Z4.4W >R M W<N 'la WZ<ZN W YH JO WAN W =H W��SYWWI W um ZN 00Z 4 OZ 00Z d OZ 00Z 4 OZ OOZ 4 OZ atIN•r W •� OOLIN�.r W Y1..I 040•1 14 4 W WH J•=•.sitgdd 0 20 JE:3 O SO J1OO O =0 J►='I00 O xr 356,740,39T 0 44 42 VW Ow 1W0 .JN M E UNSECURED 04 4r 50 1. -40 0W ti> WZ ro O36O33SNO OM O or.pr 01S O Ovehr O.Z O 071fr+P wm comp CO �1 CT]t> CO CT=> CO .4 CIY Z> CO Cm=* pm f=71 HNA� Mm R ►N-H*u M�+T m ►N+HAO Om m =5m m H izo me 70 mz ma 70 mz ink �° AN �i+4a ;04 H= T N>T HZ T N>T NZ fl'f ow. NZ T IN, ?� fnr3 HT >4 Hr2 Om X Nrs Hm X TRl TT>d Hlm , ZT /Z��7p�0V1 TT I �Z7Z-4 ZZT pmm, Z= O mi Zi O my mm O .. Z= O =RN .04 .2 .4 .0z -c KO_ .4 .1 .4 m 7K m i m m a 7 s m 7 -1 1 . $i $ V i .40 . S4 N• . . N of " N. i" . m i N N N i N i NN N or > mo R1 rr1 Ci 7.r m O 1 m m m m m m M o 0 O 0 669'STL'6TT'T NP WW • ., • a.. ..( ...NN. PV~1 a w WNW WaO wawa ywpp1�pp. r► .wave 400 • . V.• E W Mr A P .4-4 y� • . ii :Artiey� y •.. wawy� NNP 8 C*O G Ot Y+ V` NNv4,0�O�p `0 Q4.d 4pIT p0 P�M M V~1aw 1%.4 LT'EC , • N • . . nC ►P NWNVVIi NW 7i .- 0661.0 NP4 0 • a►-a.o wo 7s ***1V 'ow •1 a 0*.* rP ='a41 a t • W F+VI N "„ S01.400 N00 N .•.• ••• .4 g Al tlf : t : r .4 W040 00 04 O1$ w O a 110 WOW V E V y r g•OW aii: M INCREMENT OF ASSESSED OISTRICI VALUE FOR FISCAL YEAR 1988-69 tOTTYAR3V) UV Z8 A036 183S3E1 1111Vd 0 04 133T064 IN3NJ013A3O36 3O1S63AIV JO A1N603 b6z 'Otd KOIIMOS32i Z 'Of4 a.M3LVHDVLLV ATTACHMENT NO. 2 CREDVA11O) ADJUSTED SASE W W PIN 3 38 a }asp -... Z. ... W ►► 4 ft fiti . 1rP �0 N Oft 4 3 .1 N N N u N N 0 u NET ASSESSED 0 W Jot WV 3 O t W N 0 } WW MO WM WZ M00 OM 024, `00Z J %4 NET ASSESSED OTHER EXEMPTIONS W H a a i N Nd!' $N o A 1� N°'1'0 Iblb WN N a aa 1.0 sea WZ }ceZ Z401 YJo1 qW=<N `0NN JM40 OTHER EXEMPTIONS ' UNSECURED 1182I1E2SRI5IIENTORrEXEMPTION N g 0 - 110 wa Wm Hba KH W<V1 aZw pp0OZ <YN 2.40060 NET ASSESSED OTHER EXEMPTIONS GJ 3' oa WO 102, 01T.Kl 267,339,26E M 1- 4 W 4 55 wz s62, ew OZ 0 ATTACHMENT NO. 2 RESOLUTION NO. 294 REDEVELOPMENT PROJECT PALM DESERT REOV 81 ••1 IA 0 (REDVA110) INCREMENT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR 1987-88 INCREMENT ADJUSTED BASE CURRENT YEAR 00•I MMOM N 000 0 0 *NA I�1.+* OpNO NPN* O emo M► in ..IA.O A10I *P.O. O•nd•. N m1AN O 0 0 •ON.O WO* •OOm .O•4*N N N0 P P P NA•t *MO Om.O .q -'N d NMN N N N N00 mNO Am Amm, A M m Ir1 M w11A W.10 •• •••• • • • • • • • • WO N'IAN 1•1 O. P O. O. N N Iq .N N* * 4 IAA0 NO*0p •f 000 0 0 Mm.• 1 Ip.m•IIN. - h'O* .0 •O I.•0.0 000* .IF Nu .ION Nm.•lm Wt NA.O •IN0 *MOMN IA .0 .O ••• •••• • • • • OON �0IA•rm O 0 0 0 .I* •O 0�O thm .4 ./ .1 MmAIM WOO.. MOAM A00 AAPiA ••• ►••• MpP.O O•P NN IA.40 AA • • • • • • • IMAN MNO0 ONON MA N 0 • • ..I .•I in 0 A w 'D Z ASSESSED 1059,996,429 NET TAXABLE 000 110ab .1.1 P4.4 19,995,660 10,666,610 19,995,660 3,008,434 *Nap #NNM EON PPP.1 .Im0 PAIN WO* +* ON O.AIA PAN.1 ••• •••• WON *40N .*.If0.1 *N* ADO eNapU1 W's V *6 INW0PO �0 r40.l .� 0.1410 If►ap'0 .40 N•10 0 OW. IAIr,..S A0 ....PM I•) 0...I0 ONO* *N .01A9.4 .4 .•11•1N A.I.OIA • • • • ••• .....•m M M *000 00 A .O.4 .I* .0 .O *0a11 •OAP 0 0.40 Pmam .40." *0* M OIAP MAm♦ .O'OA 0I1‘* AAP *Mo1A ... • • • • 606 • • • • N*4 NO.1 .1 .IOA 0004 NN.•I •ON•t * P.0* NO*0 mA M*M .•1 PPm AmmA • 0. • • ••► •••• M 44 •O IAIAA PN•00 NO.NNON MA m .1 • • .1 .I 0 W 1y N .d W < 0 Z N 0 < )- 0 0 A AN O w W w 3 Z Z 0 NET ASSESSED NET TAXABLE z ..1 .0. - • •O. d 1•• ~• 0- W 4 K W )C w W w Z Z W W W pp.0 aq 0 aq� 0..0 H 1-O 1+0 V1 F•O F.O H 1..0 It% N 0.0 WZ O =Z Luz Oz WZ Z �`Z WZ Z 1.. 0.. .. 0.L .4 41W O.W ►O.. .. 0.Z O ZZ NO> f. ?(> NO> /+ X> NO> 0- X> VI00> 1. Xi - Z d W2 I�-oCZ d WZ ►•oCZ d WZ 0- Z d Luz Z .-i _ ix- z0.. ; . Zd►. Z . Z*. = ... Z.J.A )( WH . =_JN 1WiC ., =JN K WN Z.. k )W( j... W<VI W ZN W<Irl W ZH W<, W Z. W<V/ W ZVI >ZW W >ZW v.0 >ZW 2W 1y 002 K 6Z 0OZ ar Oz O0Z oe OZ OOZ ac oz OCVI••. X0 p<H►�. W W►-. 0 I4 W il 0p Y).4 W WI daCN = CM Z =N Ow0m S ZdoCN=N =QUO .~. O7 <TWO 1� O <=WO ►• ?Ali X0 da[N iu aC UNSECURED M Z< r r7 O1.. Zm 436,079,769 6504053,769 1r086,133,538 NET TAXABLE ATTACHMENT NO. 2 COUNTY OF RIVERSIDE REDEVELOPMENT PROJECT PALM DESERT REDEVEL PROJFCT 1 (REDVA110) INCREMENT OF ASSESSED DISTRICT VALUE FOR FISCAL YEAR 1987-88 INCREMENT ADJUSTED BASE CURRENT YEAR 1 1 >O111 m m0 O OOO N000 P PO P mNN hPR1 P PO P 1:1M"0 h.D m 04.4 P 040.0 *P.M 111 AN 1'. *NM .O0N P P P N4.4 woo w o w •w >NA •0 J .f 1•1.1 P.P. 111 A Y1 A .4 N N ONO *MN 1 600 P .00N ww -4N 23,969,228 00 NONw• PO P • 1•1 N 2 239899.228 32,541,830 32,541,830 000 0 0 0 r..�.03 3 www • w pp• pp NO O O .4NA P. P. P. • 4•1m r1 m .IN m m 1N0.1 .0 40 •O 000 hNIH N NO NN Pdm N NO N r wow w oft w •ww AGM OP P .rNO *R1* N Nr N 1►1'W I .1 P P O A0N .IN111 wow • w w Nw m O m PO N P. ti M .1 N N N GROSS NET ASSESSED DINER EXEMPTIONS 3 .•1 Z OY •..a r-O ZZ WW Pcp wz X WN ZN sou OZ =N CD Zz NET TAXABLE 36,2429230 36,242,230 GROSS NET ASSESSED 0TNER EXEMPTIONS 36,242,230 ►4 H d W W Z 0> >0 EZ WW X> WZ M WN ZN OZ 141.4 ZN _t NET TAXABLE 011►•0 PPO ANh MAO .011Yfl 0Pm w•w www OIIYf1 PPP N.1 *I 0 .O.O N N w• w w N.1 ' * N N 0 er U 1.0 WZ NO> Z4w1 W ZJN W<H 00z OWOm Z4aN J�rdm UNSECURED CTHER EXEMPTIONS NET ASSESSED 41,693,192 3,516,608 45,209,800 x O> >0 LE WW X> WZ WW1 ZN w. =m NET TAXABLE P**0 MNO NNP '.00 wow wow• O0pN mP*.1 O.OI> AMP"' P•O4 N .1 ��..wppo�. w • • 4 0NN N N N 111 m m.0 *moo .or -*moo *omo P1.1.0 >ANO 0 11140 .o 00 NAN O Oh m1.0 .1 .1 000 w O. HMM N .4 .1.4 m m M1l11> M1P00 .ONO Pm AO 00111 .1PNO w•w www• * 00 °POP NOV'. NAM.. I>MN 4 m •ww w 0 .4MUD 0p O P*N •O •O N A P1 >g OC1•• WZ CLW NO! 1*WZ Z4►+ W =JN W<VN.ZtyI 00Z pp ZOeNCN <ZW= 3299215,020 31,116,236 360,3319256 0 W W H a W 4 H. H H ! 0. 0 1•• 1. W W w 0 Z Z EXEMPTIONS OJ Z< WO U1- rl • <• Z3 .•• y xr 3 .01 • • A .� ••. — » y' i! X A A W W N N P.. J O •O • • • r ►+ N N 444 4'v. A Ov.w0'11 • •••• W OW4'0 N ONv oil 912'911'It 9E1'0Z0'06Z ti NN 1.at • • • fI Ca 1►.O .pN W .16 • +►a•W cr 41.•O N W W word Ir •. WWW • • • • • r+ ►. 0•410 "" NWN OP P PO4W • • 47 O►NV1•.4 .�1 PW 0 . 04' 0.40 00 4' 00'0 SOT 60T26r 00949TS'C tb!'E69'6E A 1. N N • • N N - 4.W O her ••• O4'•I V1W0 o+N .Zip.. •• 00 V10 •• taito NO 11HVX91 1 1N OOE'S90'OE W W N►. • • • • • 1i1 V1 0% •1 P. r 0041 0 0► N IAN 0 0 N# W 0 ON • • •• 440W 1•4 W1+1► I+W ••• •• 46000 00 OWJIN OW •/1ON 006'y9E'9Z OOE'S90'0f 001'OOl'C 006'y9E492 00E'SQO'(( 00!'OOl'C 006',9E'9Z 4 • N l� yr NPr 41' • •• P•OV0 000 '+N • • to Ns. WWI. ••• 000 Oft w 17 70 r" 196' 89(V' Z OZZ'66A'CZ A3SS.3.SSV ti P 4 .O 1.r 4 4 • • OP or N • •a. 04 ON OO t90'1.16'45Z 62Z'090'EZ ▪ 2 A • • • ./ _4 • Z .'DOry ••�v ••• 4 . I4%4 m 000 > N4iN A r.. OW • NO0 004 •40.0 ON N N M+ 1+N•1 N N N 114+/0 •• • • • ••• ♦OV► P N 16 416N ?100. •0 1+0 O OOM ••• • •• • • • I.1.4 •1 0 d r 000 O.WW W O W W Mb1M 000 O OO M 1o& Z 'OM iAIaNIHDVilV U31St1fU9 0 30 T 11$3113113N I 1N±M;kJ 11.1 0 rl • w. 0 A 7` 1 4 tOTTYA03b) 2 r 1331011d iN?Ndfl3A iI13b Imo Z { 176Z 'ON Noisn'Iosax RFOFVEL1PMENT f.:ION F Y Of (REDVA110/ 1 41 k r Mt- NI I)I: INCREMENT ADJUSTED BASE CUPtR' NT YEAR 1 904 0111010 1n 0 ♦PN •O•O0 O O A q 0.•1 M1.00 P f• 01►04 +�•O.............4)fir. emote J NN •........4)O NW OM ON r a ►• •.•. . • P •M► . 0A40 ON.� .•r wN M1 M1 3B M1•0 NO.O • 000 P•P M10.O r con M1.r.1 li..wnr .4 1n•Or ..• .....• ► ••. a0N NWM►O let NI.•O ..NO *non N w OWN 0 P' •0111U 0 Ma M .•. ..• •o 4 •e ~.0 000~ P 000 M•J.+ 010♦404 N 0.•.t`1 V rJM1 Corso% P M1rN J 1�.• P 0N M1 o M. 10 00.1P mews'. rN• mt^N ..m r m.4 mt. C • • • .r .r 1 N; T TA). 99210,320 10,066,610 111,394030 • •� 9,2104320 10, 666,610 IIle Cat, 930 7 ,0 .♦ V1 ATTAC v1ENT NO.2 N1111• e N 101.0.1 'new 0.4•0 *NO O N•O.0 000.r POP 94M1N N WOO 4061011p • • ► 000 . ► 0 • • . • • Pa401 N40 0 P.W0 M1Na• Ir P.O •++ 0 ()NOW 1e1 *am *A P ,44.411N ► • ► • •• • •••. N M♦ M1 M1 w01►,N N aNI M1 001 9,2104320 100666,610 19,004,930 NFT TAXABLE !!�.♦�� mem M1 rl a 111.000o •1.0 .ek4 .•1 0.1l►O NO.00 •y0 N.0 O 0A U11•1.•.r 100 .'- % M1 Slime ONO, 4.1 1•-01 M♦ M1MP I•M1M1• rN '1e144 .y 44rP1•'4 1••+0N • 0 0 0 • • • 0.60 M1 M1 Mf p Oa u1 *VOW ee e. .0.. • 4-e 4 .O MOM WOO 0 °me,. W..M W 41,'O011 144•0 0 essms.0 P•-10 -0401 m WC Y1 N►-.►w1 66.0 066 • 000 . ♦ • • PON 014..N N ?,Ow JJp•r1 MO 1n•O '0 s.-`♦ O ••1f1-tip- 0a a"1C 0 M C N JNN0 . • • • • • • • ...• "0 0 A 4 .0 T 4 Z1 -1p • ♦ P "+p. 0 0 • • ... .y fir T ASSESSED • 2 Z C �• Y.. a. Ni T TAXABL• 394,292•390 6500053,769 a :4' N N 4C tt Q :1 7 6 Z ti - 1.. 2 07. 2 G - _2 ▪ W> Z .10 ▪ ar .r 7 Y ftn- - 2 ✓ 1 '7 1 .0.4. 1:.6r159 Nc T TAXA411.1: 310vxvt 13N E 0L'Eo6'OOE SNOUdN3X3 x3N 03SS3SSv 13N • 0 N M W W O O N40 rr r N00 • • 40. iWWa .4 4NWO vt0 N . • .. 400. OW4N NdW W W r • 4 00 sr P p N. w ed OM `y 7 SIr H 42 111 x 44 lySetE1'i1r 0" WWI r W • •.• • - Vold0M a ; ; 1;11 i21 L1►t'19a'69Z Vat 9+ • 4 11 ogle* gle• Ws0 e• ..pp.WW 1 MMO ..4. O go 910019' Li SNO11dN3x3 03SS3SSV 13N • =Z C A • Z000 Z9 NtT mi ors om m i AM < • N 2T 22 .4 t 0. sO x Rf 13 w r 44 Orr 10 •• OM w- Pw •NM •.! 000 eft 1044 ro 1 319VxV1 13N 021'9l0'E2 2 A SNOIlew3X3 OZ!'910'EZ OZy'9L0'EZ N . aw ••. 000 310Vx 11i 13N 60 1'ZLL'9E2 SNOI14N3x3 N3 03SS3SSV 13N N w • INN r,. 00 cos 9 0 N N 601' 1 ZS'9EZ ww4 ••• Oro eft 4/'w0 ve.aw m A A s i pQi ��yy fr W W W r+N W w Ow S • • • •. • . 4 .. .4 .i .,a .1 y MgrQ3 a� 8 $ S zeal 3•.. • .. • ••• VOS 0 000 O N N t i OZO'9LE'61 OZO'91E'61 OZO'91E'61 r0 iTarN WOO WMO .. • VW 000 101'EL4'21Z . NM r4 00° 0o'r • 2 A a N 133COye 13A3a3Y 1a3S30 W1Vd 1, 00 44 1 N 3 wdO 13A 3 0311 /011VA03111 301Sb3AI11 JO A1NA03 Z 'OAi .LM 'HDV,LLV 66Z 'ON t OIyf1ZOSSU - - J.$ ."L/ . : cHl!EN- Ic . 3 -ABLE :5 RHNA FUT;;RE NEE:5 =AC-CRS R:'1ERSi0E COUNTY F!VE 'EAR -,CUSEwQLD TOTAL ►+ GRCwT VACANCY DEMOLITION /89- 7 /94 ' ' ,::R:SC:CTION F;;TL;RE NEED 7/89-7/94 ADJUSTMENT ADJUSTMENT BANNING-R 3,515 3,393 97 35 BEAI;MONT 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 INOIAN WELLS 310 300 9 2 INDIO 2,999 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 RIvERSIOE 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 RESOLUTION NO. 294 = i • 3 'AGE ATTACHMENT NO. i f f f mer �yr_�0ti 78i �.wrrr N.ON..ON N f W AN.h.'.N - — der Nr.O...O O.•.O..O05 OA A i • • • ••• • ..• .. r r .. �. J'1 .. 0 i N J J > i It tr •."iN• m�00 v�ON� p.AN N r J r r r N r r N N O r . N . — I"1 z — * 0 II —s N Owl^ n..fA1N _~Q.•.N e•frr4,• 1 r — N r ma1. • r .. 0.r1 Q W OW AMN 0% •g.O NrArN *•• 4_ NNo r =..I .Ny 0A0.f.•N+N� ./'Ir./11. • NW�.O ••+ e�'1 •• ... .o N O ... W . — J Z V Y m • Nrrorpr rp1•g'4 rA1ft0ffC00 r �1 m W A.N...4QN ^0.O.00 Ote"1p... NN`o0.. 4 ry W • • f s'1Nl14P1 ' Nrrr•1 0 0 o N M • f '0 m O W •• J W pp l r~•.ON Alrprr A_r��rp�1^r.1py A .• iirJ V�1N�mN N0.M77�.►�f.O f •NCO • MftW I 3 — • • • • • • J r • r r r .0 N N 1 N • .NN S• .. ft.... ...0..... �w�•►NAN N(.4 yn W Nl�q�f N•f�N• 2N•�fMN•W.. O e O 3.)• r r r 4.N ••• ,. • 1OV 1t t as i W 0 i O p b i r O N .A N 1� .m ��fff111 O a► O �!1 N N r M1 O Pf f Al /V 1'1 W .. .r N — — • • ▪ OMB ft SO W S O. •• N �"1 2 7: * fr." M N. • 1"1 • r•1 01 M/ • • W. �. sSQp�j ww �1 v.r0 i� i N NA_.•1 NNrf .+AiNN O.N"11•brwrl r w - • • • • • • • • •.., • rN .O N...�A • • .., ......... N N W W 4 N • ~ 1p M4wAwNN 000N� .NO0N0•N• A O 0 Nfr r.iOx .gr•.O• ."1r$w« • r r� ...ft.., .••f..N•r•0.. fr1NNA=•w1A.A AMI ✓ w, • J � } N v w _ _ W — *5 s2 V Nri I 2 2 !t sp .`Z W _1•� s 0001.1V v0 i .+J Zd N i COUMIY TOTAI. ATTACHMENT NO. 4A 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 1,050. 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 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 147 233 669 335 334 II. FUTURE NEED -1 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% .74 • Adjusted to reflect 1989 "GAP" year and reduced for 180 lower income units construded in connection with One Quail rvf Place and San Tropez Villas Affordable High Rent projects RESOLUTION NO. 294 ATTACHMENT NO. 4B RESOLUTION NO. 269 A RESOLUTION OF THS PALM DESERT REDEVELOPMENT AGENCY ADOPTING THE AFFORDABLE HOUSING PLAN FOR PROJECT ARRAS NOS. 1, 2 AND 3. The Pala Desert Redevelopment Agency hereby finds, determines, and resolves as follows: Section 1. Section 33413 of Redevelopment Law requires the preparation of an Affordable Housing Plan describing how the Agency will meet affordable housing goals. ,Section 2. The attached Affordable Housing Plan, Exhibit "A", describes the affordable housing needs in each Project Area and a Plan to meet those needs as required by Section 33413 by the Year 2003. §ection 3. The Pala Desert Redevelopment Agency's Affordable Housing Plan, Exhibit "A", is hereby adopted. PASSED, APPROVED AND ADOPTED, this 8th day of April, 1993. AYES: NOBS: ABSENT: ABSTAIN: BELLY, s,i •.,,ER, WILSON, BENSON NONE CRITES NONE M. Benson, Chairperson eila R:' illigan,,$ cretary - ATTACHMENT NO.41— PALL DESIR!' RlDEV!LOPKINT AGENCY T aoo$DIG PLAN i•narjaBgWat Section 33413 of the Redevelopment Law requires that 30% of all new or rehabilitated units developed by the Redevelopment Agency within a project area be affordable by low and moderate income households of which 50%-must be reserved for very low income. In addition, 15% of al the new or rehabilitated units constructed within the project area by other public or private activity shall be affordable by low or moderate income households of which 40% must be reserved for very low income households. Each Redevelopment Agency must prepare and adopt an Affordable Housing Plan (ARP), which analyzes and describes how Section 33413 requirements will be meat. 11. IZIAMIGAMILAAARIAMMI within the City of Pala Desert, there are three Redevelopment Project Areas. Project Area No. 1 was created in 1975 and includes the Highway 111/11 Paseo Commercial corridor. The original area contained only a small 32 lot residential subdivision which was substantially built -out prior to 1975. There has been no new residential construction or rehabilitation in this neighborhood. In 1901, Project Area No. 1 was expanded to encompass virtually all areas of the city south of the Whitewater Storm Channel including 90% of the City's than existing residential neighborhoods. Project Area No. 2 was created on June 27, 1907, and included substantial vacant residential land north of Country Club Drive. Project Area No. 3, created on July 17, 1991, includes a mixture of older residential and industrial uses. The total number of new or substantially rehabilitated residential units constructed within the three Project Areas by public or private entities, other than the Agency, up to January 1, 1992, is 5,100. While the Agency has provided rent and mortgage subsidies to very low, low, and moderate income households, it has not been directly involved in the development of any residential units. The following table summarises residential construction activity, and the corresponding low/moderate income needs for each Project Area: T 3OL:.'TIO'1 NO. x 294 ATTACHMI I' NO.4B New Units Rehab Units TOTAL Low/Moderate Requirement Very Low Requirement TOTAL PROJECT AREA 81 E%PANDSD 4,013 4,077 367 PROJECT ARSA I2 1,107 1,107 100 166 PROJECT 4 4 1 5,12 5,18 46 1 7; III. The following table represents a 10-year projection residential construction and rehabilitation for each Area. New Units Rehabilitated Units TOTAL Low/Moderate Requirement 601 Very Low 40% rl.r01. • „AL Existing Need TOTAL PROJECT AREA *1 PROJECT MA= WWII 867 3,387 for ne Projec PROJECT M13 _2 292 4,54 _121- - 1,187 3,387 292 106 71 178 612 790 305 508 624 26 44 1 45 4, 8, 4 7 7 1! IV. a*POR Ls ii0y3ZliG PLAN Beginning in 1983, the Palm Desert/Redevelopment Agency t pursued a variety of programs to promote housing affordable low and moderate income households, including density boat 2 ATT 'HMENT NO. 4B tax-exempt bond financing, inclusionary zoning, inset feel! land banking, direct loans and rental subsidies. while tk Redevelopment Agency has not itself developed bousins agreements with private developers, private non-profit housin- corporations, and the Riverside County Housing Authority have produced 749 low/moderate income units, including 289 very low income units. The following analysis describes the existing affordable housing developed in each Project Area and the plan to meet the projected needs for the Tear 2003. PROJECT ARIA NO. 1 A. faistina Proaras Imolesantatiap 1. Rental Assistance Proara . The Redevelopment Agency (RDA) through a Housing Assistance Payment Contract (HAP) with the Riverside County Housing Authority (RA) provides rental subsidies to apartment projects owned by*the.HA. The HA uses HUD Section 8 rules for determining affordable rents and subsidy payments. The following lists HA projects within Project Area No. 1 and the number of unite assisted by the RDA Housing Fund. PMIRcr iiM MAR= One Quail Place 155 101 92 348 Desert Points 29 21 14 64 Pueblos 5 3 5 13 Neighbors 4 S 15 24 Catalina •_2Li . _ ji _22, TOTAL 217 154 130 523 2. 8e P-Halo Housing. The RDA assisted with the Coachella Valley Mousing Coalition in a program involving 11 low income households in the construction of their own hoses. Bach participating household was required to commit at least 40 hours per weak. The RDA provided 11 lots, within the Palma Village Area, valued at $297,0 and $43,27$ in direct assistance from t increment. The Coachella Valley Housing Coaliti acted as the general contractor. The californ 3 294 ATTAr1MENT NO. 4B Housing Finance Agency provided 4473,392.09 financing. 3. pfinsity Bonus Units. Under Government Code Sectia 65915 and the City's Senior Overlay Zone, 4 renta, projects received density bonuses and are providini 25 low and moderate income units througr development agreements with the City. 4. portola palms Mobil' Rohe Park Converaiop The program involves the purchase of a renta. mobile home park by the coach owners associatio: with the ultimate goal of selling the individua spaces to existing residents. The purchase wa financed by a *600,000 contribution from the RD. tax increment, 6850',000 from the State HPROP, and $3,000,000 private interim loan. The program wil assist approximately 40 low and moderate incom households. PROJSC! AMA #1 stMMART vaR_ LOUBMIRA21 MIA .Tear 2003 Goal 316 474 790 Unite Developed 222 377 S99 Unmet Need 94 97 191 H. 'Altura !roarer Goal* 1. Raatal Rahabilitatlon and Assistance. Project Ari so. . 1 contain a significant number c deteriorating rental units currently occupied t low/moderate income households who pi significantly more than 30% of their income c housing. Through direct agreements between the RI and the current owner, or private non-profit wt will purchase these projects, units will 2 rehabilitated and then added to the Renti Assistance Program. 2oa3 Goal: 250 units rehabilitated and assist 1( very low; 100 low; and S0 moderate. 2. Laraa Taailt. sinala-iatily desarahio. To meet t' needs of low/moderate income families needing 3 a: 4 bedrooms, a 161-unit single-family project wi be built by a joint venture between a priva developer and a private non-profit housi. 4 A 'ACHMENT NO. 4B corporation with RDA assistance. The units Nil; made affordable over a 5-year period throu lease/option contract. Resale provision ensure occupancy by qualified low/moderate incos household in perpetuity. Since there were n available sites within the Project Area for thi project, the development will be constructed on 2 acres directly adjacent to the Project Area, an will be assisted with Project Area funds Groundbreaking is scheduled for July, 1993 wit occupancy beginning June 1994. Year 2003 Goal: 81 low income units; 80 moderat income units. pROJRCT ARRA NO. Z A. Wstina ProaraR tmoluantatica 1. Rental assistance Proms." a. Las Serenas Senior Apartments. Through a MP contract with the HA, the RDA provides rents assistance to 67 very low income, 42 lc income, and 41 moderate income units wit?�h development. (Although not inside a Pr Area, the complex is within .75 mil�c Project Area No. 2 and is assisted wil Project Area No. 2 Sousing Funds.) PROD C? ARIA 92 Tear 2003 Goal 269 405 67 Affordable units Developed -11li unmet Mood 202 322 52 B. Suture Proaraa Goalt The RDA owns 133 acres on the north side of the Prop Area for the purpose of providing sites for 1 development of a variety of housing types to meet 1 needs of the low and moderate income employees work: within the Project Area. Sites will be made available both private for profit mad non-profit housing b for the development of rental and ownership affordable by very low, low, and moderate households. The masterplan will also include a park, a child care center, and neighborhood commerc 5 Z :S')L'3TO1 "0 . iy,94 ATTACHMENT NO. 4B facilities. Within the planned community, it will be the RDA's goal to promote the broadest possible balance and integration of very low, low, and moderate income households. To achieve the stated 2003 goal, 630 units will be constructed equally divided between the three income groups. PROJECT ARIA MO. 3 A. kistina Program implementation Project Area No. 3 was formed in July of 1991. There has been no low/moderate units developed since formation. While some market housing is currently under construction, there had been only 4 units completed as of Deceaber 31, 1992. PROJECT AREA #3 sU�Qu82 VERY LOW yoW/WODIRATI TOTAL Year 2003 Goal 18 27 45 B. future Program Goals The Project Area is predominantly ■ads up of discreet single-family neighborhoods and industrial subdivisions. To remain consistent with the existing residential pattern, the 45-unit goal will be achieved through adoption of the single-family ownership, self-help housing program which was successfully completed in Project Area No. 1. While the former program was designed for low income households, the inclusion of smaller more economical attached units will expand the program to very low income households to meet the 2003 goal. f'84SiBalLJlx The Year 2003 goal; 1509 units Total Affordable Units Developed; 749 Unmet heed; 760 V. "'RAMC/AL RESOURCES In the attached program financial spreadsheet, RDA revenues and housing expenditures through 2003 are analyzed. Adequate revenues are available to meet the 2003 goals. 6 `?4 . 2' 11R1` w`i s1 VI El IS Ws; ATTAiit `'CENT NO.4 5 a" iw 1 2111 111) 11fl 114 3 i was • Cif RESOLUTION NO. 294 ATTACHMENT NO. 5 This Attachment No. 5 includes four exhibits. Exhibits 1, 2 and 3 are specific housing project pro formas 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 Point (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; (iii) 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 formas also show that the requirement of the Stipulation that 1,199 affordable units be acquired by July 1, 1995, will be met during the 1994-95 fiscal year. The Stipulation requires that when the 1,199 units reaches 90% occupancy, the Agency must within 120 days initiate construction of an additional 160 units. r a g Id I 1 A1-(ACHMENT NO. EXHIBIT 1 fESVVWEESgMffiff s s IF s s s II s It s R s s s g s s s It f!Lt.t:t:f-07tg:t:1EteseeletetM **s2X 111111222221112211111 1 1 �1 w 3 RESOLUTION NO. 294 ATTACHM T NO.5 EXHIBIT! 1_ §■ ■eow g■.■§■ _____■::-a -- 9 ■§■2■ 4e,kk.0v�• • {or:0: A! AS &a=SS 12 !■mW.■E§E-■ -•- ■ --^k...0.. 0. le.4v4.4VW; § ...• ..2i 277aV.mm, ■ 40 s==sue. "it.=� k��ki«I_� " - - • SEaefe■§�s■�§§■-a • • ma a a e0.0mm• •#z.§@ice■§7§§-@ -2 ---Q---��.' 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RESOLUITON NO. 294 ATTACHMENT NO. 5 EXHIBIT 2 2 sz.!— =s s rt ?-21i gran imp Rag Et°ak 101 11 3 1 i _ c 1111222 MNS d Mai 1 la 22 a as mg si 1 all a =_==# 3^s3x===^itrit_i I -4i9999s9Res33R393==.333""liV -MBIgalR39ill53affi=_9is fiz3ii -54i3s.9iAswii#3=ixellAsssamas1 -s23 41 =a9:ai9393:'.:94ai*3ix3E. i=9iii#£##likkiiii11,x;aaaaaa a a s 8 N1 N IN1 HID 11 T! iR 1. D*1111 MN aniline 1i 1111* Wel* U u11%11 111 Ikl] M aroma time ATTACHMENT NO. 5 EXHIBIT 2 Is z s £ = 'A' _ oft s a e s i s s s s i a i e ▪ a _ oo oft elm▪ r▪ s s s r.at sass s ait e t 22 is i :i=i7ti2i:3i- sssasasasssssi -s-^• -s a s 11.111.111.11 $I,111.111.1111.111.11111 At s s a 3 s i s at OM 40 s s s a s s s 32 s iiltatiasssStsat!! ss££seIess3'i3ii444 ss atssssat23ISatatli ===s£££tssffssRtaR a a s s s a s s s s a.s s s. 1 I! 1 a. g. sssssssasssis§ 111111.111.11 10.111.111.1 111.111.817.31 1 • -. RESOLUTION NO. 294 ATTACHMENT NO. 5 EXHIBIT 2 r' ATTACHMENT NO.5 EXHIBIT 3 w r . ... ......... — list: Eatea i zsEe siEsis+:. :=3. attt4ss sliFsa A Ct aasaixs ====$==a3=saF:543;:54",1".xxsx -ovaaa:ss_==1,==1=E assa==ii=iks ass=:Rags=s,s ta3ss*s.R.P. iia:4a i;IEIZs£Iss#i=..... __f=xai=s= IN:!!!!!!!!!!:!!!!!!!!!!!!! ansx=a$#*5usasaweasaas 1eit ibisamae=a=at%msestsEt=4 1644 #ffs#f#it#siiiiiiiilliiiiiiiiii1^iii S 3 v • a sIb i RESOLUTION NO. 294 ATTACH 1ENT NO. 5 EXHIBIT 3 M 1fl.111 11 ■ A a F = 11 V. § s £ VP • V. ▪ ▪ V. ▪ ▪ ■ » ■ ■ ■ ▪ ■ ■ ■ ■ i s PO ▪ VP r ■ ■ 4K_______40.■22== - --IIIaa@a:Kee ��k■�� 2ems=s=s■8g110:■2 __7___X:.il _$ • 2 § s a § e■■■■■■■■■■■■■ - ■-i-a : . . . . f ■ s ■ ■ ■ s 2 e 8.■■ i s 8 at a. E. k i e g E k■ 3 888gt.■s■888!g!ss a 13. II ■-ss■��■aa■a��,� §3fSi3I it OW G s:■■81188 . ■ ■■_■s■■■�■�� =2■EK2§fig f■ I ■ ■ v. it. it. ■ ■ a ® ■ ■ a ■ ■ N. ■ N. ■ 111. K ! I % % 1 ■ ■ ©s■■s■s■W■■■®■ g 1 1 1 A t !I sss an N se ATTACHMENT NO. 5 EXHIBIT 3 xs .▪ s s • ta ==_ -.- igs _ — — 2 x . i r . . & s i s i $ S S $ s $ s i S S S s i s ! s s = M a a a s as s - i Z - = = S 7 :1 �t :: x S t t .�. 0.1 zzzzww22==sews=22ss====*I======21a========= =----_"-:.:=14tkkiapsgii ;:j4siaiaiaiis::"tt sss= i^i=i2sgS=sZsgi^i+i=i.:sgi=sgi=i*s=s SsisSiisiiSsii211112issilsltssi7tsis1Si=*SJtsss • masses s s s s s s s s s s s s s s s s li In sun s s s i s s s n s w s s s s se s n gi i, _ _ _ _ _ _ ., E. E. E. E. . gg g wwsewsea�w><aena<aea�aeaea<ssssssses!mrswaex=wma<><mumm==sss 0==.E=gns:gss�ss<=� xA:0:4=;£Ee=SEEBBEs3 ; ==ssas�a.. s�_ ■� Eaaai'ds=====_ _=====a401.4tifs,iE#ar si��`=ttaz: . wwww><wwammmawwassssss!wxs=wwssuwatssums=^sss: a$t ^g_aaariag==a� sssa*,Axgs:^Egrst%aes=gggg- EE=Ess=s========='a,s#===aawgss=�. * s s s • s >e s se s$ s:_$ s: I s s s: s s s si s: 3 = 4. X. = _ = R i = _•¢ = z 3 = 0. s mustex=.====sss=sxr=gstamm; lif i=iggssss==sssss! sgsgsgsgsgsgsgsgggsfsfsg*Setsgsgsgsssssssssi RESOLUTION NO. 294 ATTACHMENT NO. 5 EXHIBIT 3 -.. :a a ". s#= ?::rA. = or =_toss^ w x _ =7: 3=_•7A.; s -- 1 w =sue _ 3 .-- A . at .t..- AA sss= .,.....^ As ^ Ms==�=# = x ^ems x MC ^ s• = •#•Jt•_•-s•� ^ ss z - A A ..fin• a - s= 8 - A- ^^...7eas# s _dxfdlisiasea<a _ Esdtns iiedd a s9*ats,e" a9ot- f lassi gg=yesic iiiiii!!!!!: • • 40 Pe el 41, Me :r 4 i1 = A. T..s.71:5: 0__ #r?a### a a E 3sx#xsa� # s • $ s#==### = ?� - -ti= ^sae # s##is#4 # i _es / si II s !1 ! y :a. __ a oNo AAAA Al lit=1;42111SO=M ATTACHMEN NO.5 EXHIBIT 3 R. 0�x=a#?egro.== assa,iazias:s 3=3_23aIUBS := a 111.111 1.1111.41 s: w Iasi -tees 7t=�wSlF, $ s � Z � g It 4 3 f. 333re 3 S 7t$33$ia$3:. S3------ 4isJJew=laL'i7R� asatsse a = s3E3E3$ • isimd•ist$�� _ 0 = g ! 7 ISu.11l) 11IS.UlI (111.1S1) a • 4 3 se 3 $• :seiaii =sash_ = eCstsrsisit$ g z 3 f - fiaaRgann3s9E=t sisisdsg=si==xg a al lig31333sd" II III 111 hild A. - i S he - S s • 3. • S w • — — F. 3 Jigs RESOLUTION NO. 294 ATTACHMENT NO. 5 EXHIBIT 3 15 t rr ass Jr #6- A Se La 6 .s=s=t1 it al ATTACHMENT NO.5 EXHIBIT 3 a===Uxt======M=12A== UOU ^I 3t33=3ssss.ae 1 ss,ssssssssss se stV �°19g6II�gixi�e 1 ssssss Stsss gs RESOLUITON NO. 2Id ATTACHMENT 5-EXHIBIT 4 PALM DESERT REDEVELOPMENT AGENCY LOW AND MODERATE INCOME HOUSING CASH FLOW PRO FORMA ANALYSIS FISCAL YEAR 1994-2034 vt en 3. A M N O 0 rin $ r~� N eh 10 lO N p m et 10 et et 0 egri0 N CO M m CO 03 h ui 0 36, 727, 759 $6,648,518 $6,811,924 $7,298, 782 r) N (0 O r) N of T: O O) R N N (0 0 O) N r) M. N: N vs CD OI (0 O v Q 0) CO N N g co O. o — co — O O 0 0) en esia $7,326,249 Lf1 et et en 0n 40 CD NO aaq§ of en nr I40 0(0 0.n an a h eD — N h N I0 A M NN t0 co••••" o)O OW NOi O P'1 n— 88NaD i0 nOf t9aD* f v., CO r► p a N O M N mN ag §pb§00b co in m n Nm 0- OSNN t0 ID CC; Csi N n O m e0 a a0 0 en M qi h (1 A N en � Nen O# 0 4 r) 01 0 Ti.N 88NO e0 a N N LO eo e0 v CO n CO of ip iv 47 (1 se, a M IA et so m $ Q W n(mD -- gran 3 0 ro y m O $ ri Ti q ,, M O N e0 0 ri r9 Ci nQ N P! O O a an v m ri LD 0 innco5 I, 8 p cr r0)gOv a. n N Ti 0 a' 0) a) FISCAL YEAR (0 e0 O Q Cc?) O CO en 40 In(ov(0n t0 O_ O p en (0 CO n In N n N . (0 N c Ira O o N p c V •0 O c p • p . 0<E ovo m 11. 7r v E o gm eS N c L o c es « a ° c Z'c c c a o W c .� m .� ` p 0 O 0 0 L o o m 2 0 $11,134,042 Subtotal - Income DEBT SERVICE « .� $6,768,761 sa gNogo into eh an mN ri $1,942,356 $2,028,096 O N O O O O O O (0 0 0 in 0a 00 00 oory O o en (0 * eh 0 — O 0 a 0 0 W In 'o N.— n (1) IA O N N N O n r) n t r) O N r) N r) N N 0 r) ; 7 n v — e _ o� e — e0 r) < N O 4' •- ri 00 N p * C 0 0 ,_ p 8 0 CO N < C o0) en = N toA o a O C U O a p o « p M j m N 0 O C G 5 Y N O c C o< « C n y i o p Wall E •E w ✓ y = O p c a> W p a. 0W o l 0 0 0 N c p c ' c it0 ? E O O - 0 O .. IC O S W q 0 0 is) -E O S. cr ac « + c N S et E o r as a E$ L t O 120 0 0 0 0 0 r O O <I0000I00000 o ATTACHMENT 5-EXHIBIT 4 PALM DESERT REDEVELOPMENT AGENCY LOW AND MODERATE INCOME HOUSING CASH FLOW PRO FORMA ANALYSIS FISCAL YEAR 1994-2034 O� CI tf1 NIn N 0 OV 0103 V W QQ QQ La O M N !1'�7J N 1� P h h 00 O v ID p Q �f 10 4t to co O el h ui N Wig O O 0 1� QOf i0 N O�$O co0a N I' IV N d) of IV 1 A 10 co lb O I 0 1000 tl O)ID CO • d m03 0 OIOD88 N N N -toNO AO onO Nfa00- 10I) a O t� GGG00 ItiaDD O 10 h h N V 10 0) p N N M m O _ r• N 1q 30 in 2 Incn 0 NN CO a co O tt OO O O O O O O1 O ' co N .i el g M IO f2 N Ui N QQ NN t0 e- v^i o�p_ 00)) N N N a.- 1D r .1s o C 40 O N ri Iti o N N at R uo co N M h h h /� ID r` RCO.- $ 10 NNQQO M � v O).- N10Sf0 r w W W N41.▪ .- O W • M 7 (. N M CO Co).- 1- M a s a a a P. 01 N Of 10 0 m N'— co Q0 Q0 O 0 0 lei C) N II ao O N et N O N OOf et 0 0 C 0 1i I � NaO Oi el 4r NNQO N eft cod ret$C0 0 a — 0 N h 10 N etd N O O N Oi N t+i Ifi a N N 1A 0 • 0 '0 N N 0 M M ▪ 0 0 ▪ - 0. O h O O M • ID N N 1y .. Oi CS aI+i U1 h CO 10 N O) CS CS 40 14 M et 10 t0 el0 N . N NM 10) N et-100tt n N m Of N m N co; d 00 10 N N 1n 01• 01G10 — M 0 O) 10 m 10 0 8 M 0) h O N COVON00 a M� 44 0000 ft r N INv 0000 h of N CoNhm O /0')n h-O .N^QO to N el • a0 O) h.- N� ' —OIIO 00)) N N O <D N oi N M M h M N , M et0 Cr) C)CINO h Oh CO0 OMOO9p . m N N� 100 el I.. MO 00010000 0• 00.N O h N 0t —(NI h N N o0 O O N M• $ O e C.7 CO h1D 0N0SIn O 1p 10 .- 10 N O m N h /0 M ei h w Ol w O 01 10N• 1000 O O0NON 00 00 00 0)O 0N. N rtt M W a O . 0) h ... N M O h 10 oD goM CI0) Q)N O O N IA N n h N h N M N ID O N N s a a 0'cr et in `• a^II COO 10 m 0 - 0 eV n 0 CO 0 O a O p v ID CO W N O IO n 10 10 N a O 0 O N m 113 a M N e, h N O p M N CO a A M 14, RESOLUTION NO. 294 ATTACHMENT 5-EXHIBIT 4 PALM DESERT REDEVELOPMENT AGENCY LOW AND MODERATE INCOME HOUSING CASH FLOW PRO FORMA ANALYSIS FISCAL YEAR 1994-2034 N O O O N en O N O N to 0 N N O N 1 8§ tn•)`PT00 10 O M IV 10 e N 040)111p N 0) 10 CC � O of N 10 N CO n m CO 10 • 01 • N e COen IM9 N M .000 N O M IV (0 (0 10 M w N $28,514,473 826.699,382 $24,887,965 <40)8 CO !7 0) 00 o N U) to 01 N (0 0) eV. +n N N co 0 0 CO0 0)Mcc; O (0 M 10 cc. $21,147,248 $19,381,582 817,968,854 $16,690,681 815,716,044 $14,551,163 $28,514,473 $26,699,382 $24,887,965 $22,991,896 $21,147,248 819,381,582 $17.968,854 $16, 690.681 815,716,044 $14,551,163 .- �is; 88 m en e - _..v40oCO Cti • m V N N 0 et v° 14 t0 N N N w M r. 0 Ien 0 o8 8088 m P. N 10 N A p8 10 r 0 4 cr N ID to m O vseo ai • N N M b oS 80.80 1 .- U) N (1 10 m 0) e M W M 12 N co a 8s§8 NBof 10 • N (0 10 ▪ 10 N h 81,634,334 N�er,pOo�- M P) 0)� V Pi 0))� N e M a0) 88 80• Q88in. 4 nN N000) 0) t0 M Q 1O0 0) W Ls M 1•i m • M � 8 8^88 ? aui U1 O P` N•.- 1) - 10 0 10 N M P. 1 to o co 0 • co 0-0 0 O 008C OD en ee.).- N000 N m M Q — e0 0) U) .» C *0 N O P. V X 81 .- O M O O m8 8ODv$ .- :..10 g O n to M 4 O ID .- to t0 aco n h 1 ▪ a .- co 0 Q) 814,373,804 ATTACHMENT 5-EXHIBIT 4 PALM DESERT REDEVELOPMENT AGENCY LOW AND MODERATE INCOME HOUSING CASH FLOW PRO FORMA ANALYSIS FISCAL YEAR 1994-2034 O O as tv n N 0 N 1 O N Tr N 10 N 0 N 3 p N V 10 M n vvoo 111 M Of 40 N Ill CO oi0) of M $87.276.248 $ 71,277,626 $58,523,297 $48,739,280 $41,670,601 n M N O r m 10 0 0 0 m m m O d Of o▪ af.-� 0 44 n p M P3 p om▪ og 0 d eir:0 0 01O0 N N .. V w m M p ✓ N m O M Ill dadta h Of C M N o) p N O ar'•)O M M N p 400 W 001 O V O N OD • N $32,848,981 $30,711,421 $87,276,248 $71,277,626 $58,523,297 $48,739,280 $41,870,601 $37,080,079 $34, 747.185 $32,848.981 $30,711.421 8^88 N 0 0 10 10 V M�DO01 N M c130 V :1Q 0 at O — N CO 0 In 0 10. *COMM 0 p M ID PJ N M * , O1pNO8O0 0) m• ^ eM0)QI O p M m 0 N M p $55.160,828 $39,215,703 $ 26,512,322 V Ili O O et 03 NM81ulf N ✓ M t0 0f 0 a) aD .= m N 1'9 N O O m 8 O N t0 0� N ^ O N O) 10 *MOM O41 0! p M M. 12 O 0 8(88 co n b N N Qp N N 1l1 .- V M IO Of ° p M cc v- N M p M Q a da N p O 0 N O 0 N 00 0 U) N CO O Of • N 40 Of M 10 N $31.830,313 P11: gi 1 C N M p 0 8 O(1 0 0 A Of ^ ('—Cu) N ✓ V N 10 .- 0) h M M n N N p $9,754.382 $5.207,850 $2,916,872 $2,676,588 $2,739.046 RESOLUTION NO. 294 ATTACHMENT 5 PALM DESERT REDEVELOPMENT AGENCY LOW AND MODERATE INCOME HOUSING CASH FLOW PRO FORMA ANALYSIS FISCAL YEAR 1994-2034 CI CO 0 01 ttO th 0 to us CO to tO O) f tra O V NO to u1 Oi Ili N Y/ N p01 cotovO VQ N O0t 'IDID0 O CD CO If) 0) N N N N N 0 tl! O) to a N 8189,932,964 8157,790,382 8130,205,122 8106.813,433 8189.932.964 8157, 790,382 $130.205,122 $106,813,433 0)0 Oe'D0 N —O 0000O ua p ) - N CO 0 IO IA CO V O t0 CO t+) y a) m N N Ff 00 0 t4 h M 80tri a N NO0p if) Q�'9 O O cD W N r) t0 N N IO M m8 888 a) V It) N U) O ll) N N O O N h h V Q t0 'D o t0 N N 0) to $157,575,441 $125,497.883 $97,974,552 874,641.843 ATTACHMENT NO. 6 PALM DESERT REDEVELOPMENT AGENCY HOUSING FUND PROJECTED TAX INCREMENT & OTHER REVENUE NET PRESENT VALUE @ 4% NET PRESENT VALUE 4% FISCAL ANNUAL HOUSING ANNUAL HOUSING FUND YEAR OBLIGATIONS FOR SET ASIDE & OTHER ALL INCOME LEVELS REVENUE DEPOSITS 1993-94 8,013,905 10,401,442 1994-95 4,740,665 4,381,224 1995-96 4,650,848 4,565,108 1996-97 . 4,961,541 4,638,339 1997-98 5,740,768 4,947,063 1998-99 5,752,556 5,256,849 1999-00 5,864,934 5,589,007 2000-01 5,447,931 5,935,978 2001-02 6,423,577 6,345,518 2002-03 6,857,906 6,735,400 2003-04 7,502,951 7,343,468 2004-05 7,938,749 7,989,360 2005-06 8,795,336 8,675,531 2006-07 9,442,753 9,404,279 2007-08 10,196,041 10,173,332 2008-09 10,950,243 10,993,059 2009-10 12,650,405 12,600,492 2010-11 13,511,575 13,520,428 2011-12 14,373,804 14,497,967 2012-13 15,657,144 15,538,686 2013-14 16,521,651 16,631,781 2014-15 17,627,384 17,799,824 2015-16 18,599,403 19,040,112 2016-17 19,923,773 20,365,069 2017-18 21,357,562 21,768,421 2018-19 23,008,840 23,253,631 2019-20 24,661,682 24,820,256 2020-21 26,046,166 26,476,774 2021-22 27,972,374 28,243,113 2022-23 30,170,393 30,107,935 2023-24 31,830,313 32,070,597 2024-25 31,872,228 34,163,206 2025-26 31,916,240 36,462,751 2026-27 31,962,452 38,984,919 2027-28 32,010,974 41,746,468 2028-29 32,061,923 44,765,304 2029-30 32,115,419 48,060,544 2030-31 32,171,590 51,652,605 2031-32 32,230,570 55,563,279 2032-33 32,292,498 59,815,829 2033-34 32,357,523 64,435,081 NPV (a) 4% S274,927,790.77 S311,032,263.92 HP941.XLSFUNDACC 5/26/94 RSG RAI Fbeal Year BY 1971-75 1 1993-94 2 1994-95 3 1995-96 4 1996.97 5 1997-98 6 1998-99 7 1999-00 8 2000-0I 9 2001-02 10 2002-03 11 2003-04 12 2004-05 13 2005-06 14 2006-07 15 2007-08 16 2008-09 17 2009-10 18 2010.11 19 2011-12 20 2012-13 21 2013-14 22 2014-15 23 2015-16 24 2016-17 23 2017-18 26 2018-19 27 2019-20 28 2020-2► 29 2021-22 30 2022-23 31 2023-24 32 2024.25 33 2025-26 34 2026-27 35 2027-28 36 2028-29 37 2029-30 38 2030.31 39 2031-32 40 2032-33 41 2033-34 42 2034-35 43 2035-36 44 2036-37 43 2037-38 46 2038-39 47 2039-10 41 2040.41 49 2041-42 swims .n Stet/red & Value growth factor 4% by. 10 6//14sw44•• 27,435,836 Unsecured Value growth factor 1% 445,442,822 58,675,651 463,260,535 59,262,408 131,790.956 59,835,032 501,062,595 60,453,582 521,105,098 61,058,118 541,949,302 61,668,699 563,627,274 62,285,386 586,172,365 62,908,210 609.619,260 63,537.322 634,004,030 61,172,695 672.0-14,272 - - 64,814.422 712.366,928 65,462,567 755,108,944 800,415,431 841440,410 899,346434 953,307,644 1,010,306,103 1,071,116,469 1,135,404,65.7 1,203,521937 1,275,740,673 1,352,215,113 1,133,122,220 1,519,427,553 1,610.593.206 1,707,228,799 1,809,662,527 1,918,212,278 2,033,336,815 2,155,337,024 79,085,913 2,284,651.245 79,876,772 2,121,736,680 80,675,539 2,567,040,881 81.482,295 2,721,063,334 2,184,327,134 3,057,386,162 3,240,829,968 3,435,279.766 3,641,396.552 3,859,1180,345 4,091,473,165 4,336,961,555 4,597,179.249 4.873,010,001 5,165,390,604 3,475,314,040 5,103,132,883 6,152,062, 35 4 .,/ 1VA 417 ATTACHMENT NU. Palm Desert R Projected Tax PROJECT NO. Nei Incremental Valuation general levy lax Increment / - EXHIBIT 1 edcvclopment Agency Increment Revenue I (ORIGINAL AREA) &hare at override Estimated Tex Increment 1 000765% Unitary minty Rereaae Total Gross Tax Ineremeal H•adlll Feud at 22% Prolect .Ura No. 1 /Oriolnall Page 1 of 1 476.632.637 4,766,326 3,646 4,769,973 378,683 5,148,656 1,132,704 495,037.106 4,950.371 2,525 4,952,896 371,683 5,331,579 1,172,947 514.160.1%2 5,141,602 1,311 5,142,913 378,683 5.521.596 1,214,151 534,030.340 5,340,303 0 5,340,303 378,683 5,711,986 1,258,177 554,677.380 5,546,774 0 5,546,774 378,683 5.925,457 1,303,600 576,132.165 5,761,322 0 5,761,322 371,613 6,140,005 1,350,901 598.4226.324 5.981,268 0 5,984,268 378.683 6,362,951 1,399,849 621.594, 769 6.215,918 0 6,215,948 371083 6,594,631 1,450,819 645,670.746 6,456,707 0 6,456.707 371613 6,835,390 003,786 670,690,890 6,706,909 0 6,706,909 378,683 7,085,592 1,358,830 709.372,858 '--. ... 7,093,729 0 7,093,729... ..378 .-. 11 ._ -. . ,683 7,172,412 1,613,931 750143.659 7,503,437 0 7,503,437 378,683 7,882,120 1,731,046 66,117,192 793,740.300 7,937,403 0 7,937,103 378,683 8,316,086 1,829,539 66,773,364 839,708,009 8,397,080 0 8,397,080 378,613 8,775,763 1.930,668 67,446,148 888,400,721 8,881.007 0 8,1381,00/ 378,683 9,262,690 2.037.792 68,120,609 939,981,607 9,399,816 0 9,399,816 378,683 9,778,199 2,151,210 68,801,815 99.1,623,624 9,946.236 0 9,946,236 378,683 10,324,919 2,271.482 69,189,833 1,052,510,100 10,525.101 0 10,525,101 378.683 10,903,734 2,399,832 70,184,732 1,113,833,365 11.138,354 0 11,138,354 378,683 1017,037 2,533,748 70,886,579 1,178,805,400 11,788,054 0 11,788,054 378,683 12,166,737 2,676,682 71,595,445 1,247,638,546 12,476,385 0 12,476,385 371,663 12,855,061 2,821,115 72,311,399 1,320,566,236 13,205,662 0 13,205,662 378,683 13,584,345 2,988,356 73,034,513 1,397,1133,791 13,9711,338 0 13,978,331 378,683 14,357,021 3,158,545 73,761,859 1,479,701,243 14.797,012 0 14,797,012 371,683 15,173,693 3,338,653 74,502,507 1,366,441,224 15,664,442 0 15,664,442 378,683 16,043,125 3,529,488 75,247,532 1,658,354,903 16,583,549 0 16,583,549 378,683 16,962,232 3,731,691 76,000,007 1.733,112.970 17,357,430 0 17,557,430 378,683 17,936,113 3,945.945 76,760,008 1,838,936,698 18,589,367 0 18,589,367 378,683 11,968,050 4,172,971 77,527,608 1,968,284,050 19,682,841 0 19,682,841 371.683 20,061,524 4,413,335 71302,884 2,0114,153,863 20,841,339 0 20,1141,539 378,683 21,220,222 4.668,449 2,206.937.101 22,069,371 0 22,069,371 378,683 22,448.054 4,938,372 2,337,043,181 23,370,482 0 23,370,482 378,683 23,749,165 5,224,816 2,474,926.3E4 24,749.264 0 24,749,264 378,683 25,127,947 5,528,148 2,621,037,340 26,210.373 0 26,210,373 371,683 26,589,056 5,819,592 82,297,118 2,775,874,616 27,758,746 0 27,758,746 378,683 28,137.429 8,190.234 83,120,089 2,939,961,387 29,399,614 0 29,399,614 373,683 29,718.297 6,351,225 83.951,290 3,113,852.216 31,1311,522 0 31,138,522 378,683 31.517,205 6,933,115 84,790,803 3,298,134,934 32,981,349 0 32,981,319 378,683 33,160,032 7,339,207 85.638,111 3,493,432,640 34.934,326 0 34,934.326 378,683 35,313,009 7,768,862 86,493,098 3,700,405.814 37,004,058 0 37,004,058 378.683 37,382,741 8,224,203 87,360,019 3,919.754,558 39,197,546 0 39,197,546 378,683 39,576,229 8,106,770 88,233,649 4,152,220.979 41,322,210 0 41,522,210 378,683 41,900,893 9,218,196 89,115,966 4,398,591,705 43,983,917 0 43.985,917 378.683 41,364,600 9,760.212 90.007,146 4,659,700,558 46.591,006 0 46,597,006 378,611 46,975,689 10,314,651 90,907,217 4.936,431,335 49,364,314 0 49.364,314 378,683 49,742,997 10,943,459 91,116,289 5,229,721,037 52.297,211 0 52,291,211 378,683 52,675,994 1088,697 92,734,432 5,540,562,656 35,405,627 0 55,405,627 378,6t13 S5,784,310 12.272,548 93.661,797 5,810,008,113 38,700,088 0 58,700,081 371,683 39,078,771 12,99030 94,398,415 6,219,175,434 62,191,754 0 62,19054 3711,683 62,370,437 13,765,496 Oi I11 109 6 480 74S 190 61 892.152 0 65,892,152 378,663 66,271,13S 14,579,650 Reilerelopnewt Fund 4,013,951 4,151,631 4,314,145 4,468,149 4,621456 4,719264 4,9 3,182 5,143,112 5.331,145 S.526,762 8,821,411 6,141,053 6,486,547 6,145,095 7,224,198 7,627 229 8,333,437 /,5/6J51 8,9113,289 9,490,055 18,026,953 111,595,789 11,191,476 11,837,1142 12,513,438 13231,541 13,9911,161 14,793,079 15447,9811 16,551,773 17.5/9,413 18,524,349 'ON MOIZIIZOSa ATTACHMENT 7-EXHIBIT 2 Palm Desert Redevelopment Agency Projected Tax Increment Revenue TABLE 2B 'roiect Area No. 1 (Added Territorvv Page 1 of 5 Find Secured Unsecured Net General Levy Override Levy Unitary Total Housing Year Value Value Wre naNal Tax Tax Utility Gross Tax Fund grordiAmier feria ley► greutk ew Valuation Increment incraneet Increment at 20% ® KIAffrfier4% .I% 1.000% 0.000454% Pase-117,4 BY 1981-82 656,065,059 1 1993-94 1,671,372,199 21,059,4% 1.036,367,336 10,363,673 4,708 150,927 10,519,308 2.103,862 3.426927 2 1994-95 1,738,227.815 21.270,091 1,103,432,847 11.034,328 3,342 150,927 11.188,597 2,237,719 3,645,507 3 1993-96 1,807,756,928 21.482,792 1.173,174,660 11,731,747 1,776 150,927 11,884,450 2,376,890 3,906,540 4 1996-97 1,880,067,205 21,697.620 1,245,699,765 12,436,998 0 150,927 12,607,925 2,521,585 4.230,220 5 1997-98 1,955,269,893 21.914,596 1,321.119,430 13,211,194 0 150,927 13,362,121 2,672,424 4,566.724 6 1998.99 2,033,410,689 22,133,742 1,399,549,372 13,995.494 0 150,927 14,146,421 2.829284 3,4123.881 7 1999-00 2.114,819916 22.355,079 1,481,109,936 14,811,099 0 150,927 14.962,026 2992,405 6261.431 8 2000-01 2,199,412,713 22.578,630 1,565926.284 15,659,263 0 150,927 15,810,190 3.162,038 6,695,485 9 2001-02 2.287.389,221 22,804,416 1,654,121,579 16,541.286 0 150,927 16,692,213 3.338,443 7,146,847 10 2002-03 2,378,884,790 23,032,461 1,745,852,192 17,458,522 0 150,927 17,609,449 3,521,890 7,616.228 11 2003-04 2,521,617,878 23 6 785 1,888,815,604-..18,888 156 0 150.92 7, -_ „- - _ ". --� __ - _ - . 82 ,2 2, 7 � 19,039,083 3,807.8I7 47,821 12 2004-05 2,672,914,950 23,495,413 2,040,345,304 20,403,453 0 150,927 20,554,380 4,110,876 9.123230 13 2005-06 2,833,289,847 23,730,367 2,200,955.155 22,009,552 0 150,927 22,160,479 4,432,096 9,945,146 14 2006-07 3,003,287,238 23,967,671 2.371.189,850 23,711,898 0 150927 23,862,825 4,772,565 10.1116,295 15 2007-08 3,183,484,472 24,207,348 2,551.626.761 25,316268 0 150,927 25,667.195 5,133.439 11.739.652 16 2008-09 3,374,493,541 24,449,421 2,742,877,903 27,428,779 0 150,927 27,579,706 5,515,941 12,711,350 17 2009-10 3.576,963,153 24,693915 2,945,592,009 29,455920 0 150,927 29.606,847 5,921,369 13,755,707 18 2010-11 3,791,580.942 24940,854 3,160,456,738 31,604,567 0 150927 31,755,494 6,351,099 14.855.244 19 2011-12 4,019,075,799 25,190,263 3.388,201,003 33,882,010 0 150,927 34,032,937 6.806,587 16,020.689 20 2012-13 4,260,220,347 25,442,166 3,629,597,453 36,295,973 0 150,927 36,446.902 7,289,380 17255997 21 2013-14 4,515,833,568 25,696,587 3,885,465,096 38,854,651 0 150927 39,005,578 7,801,116 18,565 22 2014-15 4,786,783,582 25,953,553 4,156,672,076 41,566,721 0 150,927 41.717,648 8,343,530 19,953,r;,:' 23 2015-16 5,073,990,596 26,213,089 4,444,138,626 44,441,386 0 150,927 44.592,313 8,918,463 21.42 ' ' 24 2016-17 5,378,430,032 26,475.220 4,748,840,193 47,488,402 0 150927 47.639,329 9,527,866 22983,546 25 2017-18 5,701,135,834 26,739,972 5,071,810,747 50,718,107 0 150,927 50.869,034 10,173,807 24,636296 26 2018-19 6,043,203,984 27,007,371 5,414,146,297 54,141,463 0 150,927 54.292,390 10,858,471 26,388.145 27 2019-20 6,405,796,223 27,277,445 5,777,008,609 57,770,086 0 150927 57,921,013 11,584,203 214245,035 28 2020-21 6,790,143,997 27,550,220 6,161,629,157 61,616,292 0 150927 61,767,219 12,353,444 30,213,270 29 2021-22 7,197,552,636 27,825.722 6,569,313.299 65,693.133 0 150,927 65,844,060 13,168,812 32,299,530 30 2022-23 7,629,405,795 28,103,979 7,001,444,715 70,014.447 0 150,927 70,165,374 14,033,075 34,510,894 31 2023-24 8,087,170,142 28,385,019 7,459,490,102 74,594,901 0 150,927 74.745.828 14,949,166 36,854.869 32 2024-25 8,572,400,351 28,668,869 7945,004,161 79.450,042 0 150,927 79,600,969 13,920,194 39.339,411 33 2025-26 9,086,744,372 28955.558 8,459,634,871 84,596,349 0 150,927 84.747.276 16,949,455 41.972,952 34 2026-27 9,631,949,034 29245,113 9,005,129,089 90,051,291 0 150.927 90,202,218 18,040,444 44,764,433 35 2027-28 10,209,865976 29,537,564 9,583,338,482 95.833,385 0 150,927 95984,312 19.196,862 47,723.328 36 2028-29 10,822,457935 29,1132940 10,196225,816 101,962,258 0 150,927 102,113.185 20,422,637 50,859,613 37 2029-30 11,471,805,411 30,131,269 10,845,871,621 108,458,716 0 150.927 108,609,643 21,721929 54,184.143 38 2030-3I 12,160,113.736 30,432,5122 11,534,481,259 115,344,813 0 150,927 115,495,740 23,099,14S 57,707.994 39 2031-32 12,889,720,560 30.736,908 12,264,392,409 122,643.924 0 150,927 122.794,851 24,558,970 40 2032-33 13,663,103,793 31.044,277 13,038,083,011 130.3E0.830 0 150927 130,531.757 26,106,351 41 2033-34 14,482,890,021 31,354,720 13,858,179,682 138,581,797 0 150,927 138.732,724 27,746,545 42 2034-35 15,351,863,422 31,668,267 14,727,466,630 147,274,666 0 150,927 147,425,593 29,485,119 43 2035-36 16,272,975.228 31,984,950 15,648,895.118 156,488,951 0 150,927 156,639,878 31,327.976 44 2036-37 17249,353,741 32,304,799 16,625,593,481 166,255935 0 150,927 166,406,862 33,281.372 45 2037-38 18,284,314,966 32,627.847 17.660,877,754 176,601,778 0 150927 176,759,705 35,351941 46 2038-39 19,381,373.864 32954,126 18,758,262930 187,582,629 0 150.927 187.733,556 37.546,711 47 2039-40 20,544,256,295 33,283,667 19921,474903 199,214,749 0 150927 199,365,676 39,873,135 48 2040-41 21,7763111,673 33,616.504 21,154,463,118 211,544,631 0 130927 211,695,558 42,339,112 49 2041-42 23,083,526,374 33952,669 22,461,413,983 224,614,140 0 150,927 224,765,067 44,953,013 50 2042-43 24,468,537956 34,292,195 23.846,765,092 238,467,651 0 150927 238,618,578 47,723,716 RSG, Inc., 93WAMPD.XLS t1I1 94 ATTACHMENT 7-EXHIBIT 2 RESOLUTION NO. 294 TABLE 2B Proiect Area No. 1 (Added Territorvi Page2ofS Final Net County Year edevelopmai Full Fund Shore County County 50%of Lbrary 50%of Share Fire Fire Oran Library General at Net Share Net Share Share Orem Fund 28.940% 24.000% 6.110% 2.800% 28.940% BY 1981.82 1 1993-94 4,988,520 3,042,925 2,523,504 513954 256,977 294.409 147,204 2,523,504 2 1994-95 5,305370 3,237,013 2,684,461 546,735 273.368 313,187 156,594 2,684,461 3 1995-96 5,601,020 3,438,846 2,851,842 580.825 290,413 332,715 166,337 2,851.842 4 1996-97 5.856,120 3,648,733 3,025,902 616,275 308,138 353,022 176,511 3,025.902 5 1997-98 6,122,973 3,866,998 3,206,909 653,140 326,570 374.139 187,070 3,206,909 6 1998-99 5.833,256 4,093,974 3,395,141 691,477 345,739 396,100 198,050 3.822,557 7 1999-00 5,708,170 4,330,010 3.590,886 731,344 365,672 418937 209,46E 4,330,010 8 2000-01 5,952,666 4,575,469 3,794,446 772,802 386,401 442,685 221,343 4,575,469 9 2001-02 6,206,923 4,830,726 4,006,131 815,915 407958 467,382 233,691 4,830.726 10 2002-03 6,471,331 5,096,175 4,226,268 860,730 430,375 493,065 246,532 5,096.175 11 2003-04 6,883,446 5,509,911 4,569380 930.630 4ti5,315 533.094 266.347 5,509,911 12 2004-05 7,320,254 5,948,43E 4933,051 1,004,698 502,349 575.523 287,761 5948,438 13 2005-06 7,783,237 6,413,242 5,318,515 1,083,204 541,602 620,493 310,247 6,413,242 14 2006-07 8,273,966 6,905,902 5,727,078 1,166,415 583,207 668.159 334,080 6,905,902 15 2007-08 8,794,103 7,428,086 6,160.127 1,254,612 627,306 718,681 359341 7,428,086 16 2008-09 9,345,415 7,981,567 6,619,129 1,348,096 674,048 772,232 386,116 7981,567 17 2009-10 9,929,770 8,568,222 7,105,643 1,447,183 723,591 828,992 414,4% 8,568,222 18 2010-11 10,549,152 9,190,040 7,621,319 1,552,209 776.104 889.154 444,577 9,190,040 19 2011-12 11,205,661 9,849,132 8,167905 1,663,530 831,765 952,922 476,461 9,849,132 20 2012-13 11,901,524 10,547,733 8,747,256 1.781,525 890,762 1,020.513 510,257 10,547,733 21 2013-14 12,639,103 11,288,214 9,361,339 1,906,593 953,296 1,092,156 546,078 11,288,214 22 2014-15 13,420,900 12,073,087 10,012,235 2,039,159 1,019,379 1,168,094 584,047 12.073,087 23 2015-16 14,249,567 12,905,015 10,702,153 2.179,672 1,089,836 1,248,585 624,292 12905,015 24 2016-17 15,127,918 13,786,822 11,433,439 2,328,610 1,164,305 1,333,901 666,951 13,786,822 25 2017-18 16,058,931 14,721,499 12,208,568 2,486,478 1,243,239 1,424,333 712,166 14,721,499 26 2018-19 17,045,767 15,712.218 13,030,174 2,653,812 1,326,906 1,520.187 760,093 15,712,218 27 2019-20 18,091,775 16,762,341 13,901,043 2,831,179 1,415,590 1,621.788 810,894 16,762,341 28 2020-21 19,200,504 17,875,433 14,824,132 3,019,182 1,509.591 1.729,482 864,741 17,875,433 29 2021-22 20,375,718 19,055,271 15,802,574 3,218,458 1,609,229 1,843,634 921,817 19,055,271 30 2022-23 21,621,405 20,305,859 16,839,690 3,429,683 1,714,842 1964,630 982,315 20,305,859 31 2023-24 22,941,793 21,631,443 17,938,999 3,653,576 1,826.788 2,092,883 1,046,442 21,631,443 32 2024-25 24,341,364 23,036,520 19,104,232 3,890,895 1945,448 2,228,827 1,114.414 23,036.520 33 2025-26 25,824,868 24,525,862 20,339,346 4,142,447 2,071,223 2,372,924 1,186,462 24,525,862 34 2026-27 27,397,341 26,104,522 21,648,532 4,409,084 2,204,542 2,525,662 1,262,831 26,104.522 35 2027-28 29,064,121 27,777,860 23,036,235 4,691,713 2,345,857 2,687,561 1343,780 27,777,860 36 2028-29 30,830,865 29,551.556 24,507,164 4,991,292 2,495,646 2.859,169 1,429.585 29,551.556 37 2029-30 32,703,572 31.431,631 26,066,314 5,308,839 2,654,420 3,041.070 1.520,535 31,431,631 38 2030-31 34,688,598 33,424,467 27,718,978 5,645,432 2,822,716 3,233,881 1,616,940 33,424,467 39 2031-32 40 2032-33 41 2033-34 42 2034-35 43 2035-36 44 2036-37 45 2037-38 46 2038-39 47 2039.40 48 2040-41 49 2041-42 50 2042.43 COUNTY OF RIVERSIDE Fire Library District District 6.110% 2.800% 256,977 273368 290.413 308,138 326,570 557.197 731344 772,802 815913 147,204 156,594 166337 176,511 187.070 319,180 418,937 442,6115 467,382 860,750 493.065 930,630 533.094 1,004,698 575,523 1,083,204 620,493 1,166,415 668,159 1,254,612 718,681 1,348,096 772.232 1,447,183 828992 1,532,209 889.154 1,663,330 952922 1,781,325 1,020.513 1,906,593 1,092.156 2,039,139 1,168,094 2,179.672 • 1,248.585 2,328,610 1,333,901 2,486,47E 1,424,333 2,653,812 1.520.187 2,831,179 1,621.788 3,019,182 1,729.482 3.218,458 1,843,634 3,429,683 1,964,630 3,653,576 2,092,883 3,890,895 2,228,827 4,142,447 2,372,924 4,409,084 2,525,662 4,691,713 2,687,561 4991,292 2,859,169 5,308,839 3,041,070 5,645,432 3,233,881 RSG, Inc , 9394AMND XIS art I94 ATTACHMENT 7-EXHIBIT 2 TABLE 2B roiect Area No. 1 (Added Territory\ Page 3 of S COUNTY OF RIVERSIDE PASS THROUGH Fiscal Amual Cumulative ' Available JNMALPASS-THROUGH QF19%TO PRE-EXISTING DISTRICT Year SUBTOTAL County Annual Revenue Deaa t CVWD Desert Sands County. Sups Palm Springs Contribution Contribution after Co. PT Comm. College Unified of Schools Cemetery to Agency by County 7.130% 6.390% 36.970% 4.260% 0.001% BY 1911-82 1 1993-94 2,927,683 923.602 13,209,887 7.386915 65,863 53.751 310,980 35,834 8 2 1994-95 3,114,423 912,513 14,192.399 8,070.833 70,064 57.179 330,815 38,119 9 3 1995-96 3,308,612 1.043.774 15.236,174 8.374,062 74,433 60.744 351,442 40,496 10 4 1996-97 3,510,551 1,107.480 16.343,654 9.097,374 78,976 64.452 372,892 42,968 10 5 1997-98 3,720,549 1,173.729 17,517,382 9.641.572 83.700 61307 395.198 45.538 11 6 1998-99 4,698933 482,618 18,000,000 i 9.447,487 88.613 72.317 4111,395 48.211 11 7 1999-00 5,480.291 0 11,000,000 9.481.735 93,722 76.486 442,517 50,991 12 8 2000-01 5,790,956 0 18,000,000 i 10,019,234 99.035 80.822 467,602 53,881 13 9 2001432 6,114.024 0 111,000,000 10,578.189 104,560 85,331 493,689 56,887 13 10 2002-03 6,449,9119 0 111,000,000 11.159,460 110,306 90.020 520,817 60,013 14 11 2003-04 6973,635 0 18,000,000-12.065,448 119,261 97328 363,100 64,885 15 12 2004-05 7,528,658 0 18,000,000 13.025.722 128,753 105,074 607,916 70,049 16 13 2005-06 8,116,940 0 111,000,000 14.043,538 138313 113,284 655,418 75,523 18 14 2006-07 8,740,476 0 18,000,000 15,122,350 149,477 121,987 705,767 81,325 19 15 2007-08 9,401,380 0 18,000,000 16,265.815 160,779 131,211 759,133 87,474 21 16 2008-09 10,101,895 0 111,000,000 17,477,811 172.759 140.987 815,697 93,992 22 17 2009-10 10,844396 0 18,000,000 18.762,451 1E5,457 151.350 875,652 100900 24 18 2010-11 11,631,402 0 111,000,000 20.124.092 198916 162,334 939,201 108,223 25 19 2011-12 12,465,584 0 111,000,000 21.567353 213,182 173976 1.006,558 115,984 27 20 2012-13 13349,771 0 18,000,000 23.097,130 2211303 186,317 1,077,954 124,211 29 21 2013-14 14,286,963 0 18,000,000 24,718.615 244,331 199397 1.153,629 132,931 31 22 2014-15 15,280340 0 18,000,000 26,437.308 261.319 213,261 1,233,841 142,174 33 23 2015-16 16,333,273 0 18,000,000 28,259,041 279,326 227956 1,318,862 151,971 36 24 2016.17 17,449333 0 18,000,000 30,189,996 298,413 243,532 1,408981 162,355 38 25 2017-18 18,632,310 0 18,000,000 32,236,725 318,644 260,043 1.504,503 173362 41 26 2018-19 19,886,217 0 18,000,000 34,406,173 340,088 277.543 1,605,752 185,02S 43 27 2019-20 21,215309 0 18,000,000 36.705,704 362,817 2%,092 1,713,072 197,395 46 28 2020-21 22,624.097 0 111,000,000 39,143,122 386910 315,754 1,826,827 210,503 49 29 2021-22 24,117,362 0 18,000,000 41,726,698 412,447 336,595 1947,404 224397 53 30 2022-23 25,700,173 0 18,000,000 44,465,201 439,516 358,685 2,075,211 239,124 36 31 2023-24 27377902 0 18,000,000 47367,926 468,208 382,101 2.210,683 254,734 60 32 2024-25 29,156,243 0 18,000,000 50,444,726 498,620 406,920 2354.278 271,280 64 33 2023-26 31,041,232 0 18,000,000 53,706,044 530,857 433,228 2,506.485 2118,819 68 34 2026-27 33,039,268 0 18,000,000 57,162,950 565,027 461.114 2,667,821 307,409 72 35 2027-28 35,157,134 0 18,000,000 60,827,178 601,246 490,672 2,838,832 327.115 77 36 2028-29 37,402,017 0 18,000,000 64,711,161 639,637 522,003 3,020.100 348,002 82 37 2029-30 39,781,540 0 18,000,000 68,828,103 680331 555,212 3,212,239 370,142 87 38 2030-31 42,303,779 0 18,000,000 73,191960 723,465 590,414 3.415,902 393,609 92 39 2031-32 40 2032-33 41 2033-34 42 2034-35 43 2035-36 44 2036-37 45 2037-38 46 2038-39 47 2039-40 48 2040-41 49 2041-42 50 2042-43 RSG. Ire., IMINIMAND XIS tV1A4 ATTACHMENT 7-EXHIBIT 2 RESOLUTION NO. 294 TABLE 2B Proiect Area No. 1 (Added Territorvl Page4of5 Fiscal 90% P.T. OF EXCESS OVER $5.5 M, Year Coady Valley Resource Parks A Mosquito SUBTOTAL Parks 4 Mosquito Cemetery Conservation Recreation Abatement Reacatioo Abatement 0.350% 0.010% 2.110% 1.430% 2.110% 1.430% BY 1981-82 1 1993-94 2,944 84 17,749 12,029 499,242 0 0 2 1994-93 3,132 89 18,881 12,796 531,083 0 0 3 1995-96 3,327 93 20,038 13,594 364,199 2,525 1,711 4 1996-97 3,530 101 21,282 14,423 598,634 9,061 6,141 5 1997-98 1741 107 22,535 15,236 634,444 15,851 10,743 6 1998-99 3,961 113 23,879 16,184 671,633 8,479 5,747 7 1999.00 4,139 120 25,256 17,117 710,409 5,297 3,390 8 2000-01 4,427 126 26,638 18,087 730,680 11.518 7,806 9 2001-02 4,674 134 28,176 19,0% 792,560 17,987 12,190 10 2002-03 4,931 141 29,725 20,145 836,111 24,715 16.750 _ -,..a 11 2003.04 5,331 152 32,138 21,781 903,991 35,201 23,856 12 2004-05 5,755 164 34,6% 23,314 973,938 46,313 31,389 13 2005-06 6,205 177 37,407 23,332 1,052,197 38,095 39,372 14 2006-07 6,682 191 40,280 27,299 1,133,026 70,581 47,835 15 2007-08 7,187 205 43,326 29,363 1,218,699 83,816 56,804 16 2008-09 7,722 221 46,535 31,551 1,309,307 97,843 66,311 17 2009-10 8,290 237 49,976 33,870 1,405,757 112,712 76,388 18 2010-11 8,892 254 33,603 36,328 1,507,776 128,471 87,068 19 2011.12 9,529 272 57,448 38,934 1,615,911 143,176 98,389 20 2012-13 10,205 292 61,322 41,693 1,730,528 162,881 110,389 21 2013-14 10,922 312 65,841 44,622 1,852,016 181,649 123,108 22 2014-15 11,631 334 70,419 47,725 1,9110,737 201,541 136,589 23 2013-16 12,486 357 73,272 51,014 2,117,279 222,625 130,879 24 2016-17 13,339 381 80,415 54,499 2,261,953 244,974 166,025 25 2017-18 14,243 407 85,867 58,194 2,415,302 268,663 182,080 26 2018-19 13,202 434 91,646 62,110 2,377,846 293,772 199,097 27 2019-20 16,218 463 97,771 66,262 2,730,136 320,387 217,134 28 2020-21 17,293 494 104,263 70,662 2,932,737 348,398 236,234 29 2021-22 18,436 527 111,143 75,326 3,126,329 378,300 256,519 30 2022-23 19,646 561 118,439 80,269 3,331,508 410,1% 278,000 31 2023-24 20,929 598 126,171 85,509 3,548,992 443,792 300,769 32 2024-23 22,288 637 134,366 91,064 3,779,518 479,403 324,903 33 2023-26 23,729 678 143,033 96,951 4,023.868 317,149 330,483 34 2026-27 25,257 722 152,261 103,191 4,282,873 557,160 377,601 35 2027-28 26,876 768 162,022 109,806 4,537,412 599.569 406,343 36 2028-29 28,592 817 172,367 116,817 4,848,416 644,323 436,809 37 2029-30 30,411 869 183,333 124,249 5,156,873 692,172 469,103 38 2030-31 32,339 924 194,957 132,127 3,483,830 742,680 503,333 39 2031-32 40 2032-33 41 2033-34 42 2034-35 43 2033-36 44 2036-37 43 2037-38 46 2038-39 47 2039-40 48 2040-41 49 2041-42 50 2042-43 RSG, Inc.. 93941AMND.XLS Nt/W ATTACHMENT 7-EXHIBIT 2 TABLE 2B roiect Area No. l (Added Territory) Page S of S _ NON -COUNTY TAXING AOENCY PASS THROUGHS (PARTS) Fiscal 40% PASS-THRU OF EXCESS OVER1.5.3 MILLION TOTAL Year SUBTOTAL Dent CVWD Desert Sands County. Supt. SUBTOTAL PASS-THRU Comm. College Unified of Schools 7.830% 6.390% 36.970% 4.260% BY 1981412 1 1993-94 0 0 0 0 0 0 3,426.927 2 1994-95 0 0 0 0 0 0 3,645.507 3 1995-96 4.237 4.165 3.399 19.664 2.266 29,493 3.906,540 4 1996-97 15,202 14,944 12,1% 70,562 8,131 105,833 4,230.220 5 1997-98 26.594 26.143 21,335 123,436 14.223 185,137 4,566,724 6 1998-99 14.226 13,985 11,413 66,031 7,609 99,03E 5,483,811 7 1999-00 8,886 8,736 7.129 41,247 4,753 61,865 6,261,451 _ 8 2000-01 19,324 18,996 15.503 89,691 10,335 134,525 6.695,485 9 2001-02 30,177 29,666 24.210 140,070 16,140 210,086 7,146,847 10 2002-03 41,464 40,762 33,265 192,460 22.177 288,664 7,616,228 11 2003-04 59,057 58,056 47,379 274,116 31,586 411,137 8,347,821 12 2004-05 77.704 76,387 62,338 360,666 41,559 540,950 9,123,250 13 2005-06 97,46E 95,816 73,194 452,401 52,130 678,541 9,945,146 14 2006-07 118,416 116,409 95,000 549,634 63,334 824.377 10,816,295 15 2007-08 140,620 138,236 112,814 652,695 75,209 978,953 11,739,652 _ 16 2008-09 164,154 161,372 131,694 761,932 87,796 1,142,794 12,718,350. 17 2009-10 189,099 185,894 151,707 877,716 101,13E 1,316,455 13,755,707 18 2010-11 215,540 211,887 172,919 1.000,440 115.279 1,500.525 14,855,244 19 2011-12 243,565 239,437 195,402 1.130,521 130,26E 1,695,629 16,020,689 20 2012-13 273,270 268,639 219,234 1,268,400 146,156 1,902,428 17,255.997 21 2013-14 304.756 299,591 244,494 1,414,544 162,996 2,121,624 18,565.360 22 2014-15 338,130 332.399 271.268 1,569.449 180,845 2.353,961 19.953,219 _ 23 2015-16 373,504 367,174 299,648 1.733,642 199,765 2,600,228 21,424,283 24 2016-17 411,000 404,034 329,729 1,907,678 219,819 2.861,259 22,983,546 25 2017-18 450,743 443,103 361,613 2,092,149 241,075 3,137,941 24,636,296 26 2018-19 492,869 484,516 395,409 2,287,681 263.606 3.431.213 26,388.145 27 2019-20 537.522 528,411 431,232 2,494,938 287,488 3,742,069 28.245,035 28 2020-21 584,852 574,939 469,203 2,714,621 312,802 4,071.565 30.213,270 29 2021-22 635,019 624,256 509,451 2,947,479 339,634 4,420.819 32,299,530 30 2022-23 688.196 676,531 552,112 3,194,299 368,075 4,791.017 34,510,894 31 2023-24 744,561 731,941 597,331 3,455,921 398,22! 5,183,415 36,854,869 32 2024-25 804,306 790,674 645,263 3,733,233 430,175 5.599.344 39,339,411 33 2025-26 867,634 852,929 696,06E 4,027,175 464,046 6,040.217 41,972,952 34 2026-27 934,761 918,917 749,921 4,338,745 499,947 6,507,530 44,764,433 35 2027-28 1,005,913 988,863 807,003 4,669,001 538,002 7,002,870 47,723,328 36 2028-29 1,081.332 1,063,004 867,509 5,019,064 578,340 7,527,917 50,859,683 37 2029-30 1,161,275 1,141,592 931,644 5,390,123 621,096 8,084,455 54.184,143 38 2030-31 1,246,012 1,224,893 999,626 5.783,436 666,417 8,674,372 57,707,994 39 2031-32 40 2032-33 41 2033-34 42 2034-35 43 2035-36 44 2036-37 45 2037-38 46 2038-39 47 2039-40 48 2040-41 49 2041-42 50 2042-43 Er RSG. Inc . 0324AMND XLS W1104 ATTACHMENT 7-EXHIBIT 3 RESOLUTION NO. 294 Fiscal Year BY 1986-87 1 1993-94 2 1994-95 3 1995-96 4 1996-97 5 1997-98 6 1998-99 7 1999-00 8 2000-01 9 2001-02 10 2002-03 11 2003-04 12 2004-05 -13 2005-06 14 2006-07 15 2007-08 16 2008-09 17 2009-10 18 2010-11 19 2011-12 20 2012-13 21 2013-14 22 2014-15 23 2015-16 24 2016-17 25 2017-18 26 2018-19 27 2019-20 28 2020-21 29 2021-22 30 2022-23 31 2023-24 32 2024-25 33 2025-26 34 2026-27 35 2027-28 36 2028-29 37 2029-30 38 2030-31 39 2031-32 40 2032-33 41 2033-34 42 2034-35 43 2035-36 44 2036-37 45 2037-38 46 2038-39 47 2039-40 48 2040-41 49 2041-42 50 2043-44 Secured - Values at 4% R.wwk Mr» jr !0.l4 OrmA r 102,157,447 573,487,748 596,427,258 620,284,348 645,095,722 670,899,551 697.735,533 725,644,954 754,670,753 784,857,583 816.251.886 865,226,999 917,140,619 972,169,056 1,030,499,200 1,092,329,152 1,157,868,901 1,227,341,035 1.300.981,497 1,379.040.387 1.461.782.810 1,549.489,778 1.642.459,165 1.741.006.715 1.845.467,118 1.956,195.145 2.073.566.854 2,197.980,865 2.329.859,717 2,469.651,300 2.617,830,378 2,774,900,201 2.941,394,213 3,117,877,865 3,304.950,537 3.503,247,569 3,713,442,424 3,936,248,969 4,172,423,907 4,422,769,342 4,688.135,502 4.969.423,632 5.267.589.050 5.583.644.393 5,918,663,057 6,273,782,840 6,650,209,811 7,049,222,399 7,472,175,743 7,920.506,288 8,395.736,665 Unsecured Values at 1% "web 10,236.831 10,339.199 10,442,591 10,547,017 10,652.487 10,759,012 10.866,602 10,975,268 11,085,021 11.195.871 11,307,830 11.420,908 11.535,117 11,650,469 11.766,973 11,884,643 12,003,489 12,123.524 12,244,760 12.367,207 12,490,879 12,615.788 12.741,946 12,869,365 12,998,059 13.128.040 13.259.320 13.391.913 13.525,832 13,661.091 13.797,702 13,935,679 14,075,035 14.215,786 14.357,944 14,501,523 14,646,538 14,793,004 14,940,934 15,090.343 15,241.246 5.393.659 15.547,595 15.703.071 15.860,102 16,018,703 16,178,890 16,340,679 16,504,086 16,669.127 Net Incremental Valuation 481,567,132 504,609,010 528.569,493 553,485.292 579,394,591 606,337,098 634,354,110 663,488,574 693,785,157 725.290,310 774,377,382 826,404,080 881.546,727 939,992,221 1,001,938,678 1.067,596,097 1,137,187,077 1,210,947.574 1.289.127,699 1.371.992,570 1,459,823,211 1,552.917.506 1,651591.214 1,756,179,036 1.867,035.757 1,984,537,446 2,109,082,738 2,241,094,183 2,381.019.685 2,529.334,022 2,686,540,455 2,853,172,444 3,029,795,454 3,217,008,876 .3.415,448.066 3,625,786,500 3,848,738,060 4,085,059,464 4.335,552,828 4.601,068,398 4,882,507,432 5.180.825.262 5.497.034.542 5,832,208.681 6.187,485,495 6,564,071.067 6,963,243,842 7,386.358,975 7,834,852,927 8.310.248.345 Palm Desert Redev ' vment Agency Projected Tax Ins .tent Revenue PROJECT NO. 2 Proiect Area No. 2 Page 1 of 3 Estimated ' Unitary Total Tax Utility Gross Tax general levy decrease in share of Increment Revenue Increment tax increment override override 4,815,671 5,046,090 5,285,695 5,534,853 5,793,946 6,063.371 6.343,541 6,634,886 6,937,852 7,252,903 7.743,774 8,264,041 8,815,467 9,399,922 10,019,387 10,675,961 11,371,871 12,109,476 12,891,277 13,719.926 14,598,232 15,529,175 16,515,912 17,561,790 18,670,358 19,845.374 21,090.827 22,410.942 23,810.197 25.293,340 26.865,405 28,531,724 30,297,955 32,170,089 34,154,481 36,257,865 38,487,381 40,850,595 43,355,528 46,010,684 48,825,074 51,808,253 54,970,345 58,322,087 61,874.855 65,640.711 69,632,438 73,863.590 78.348,529 83,102,483 0.000446% 0.000297% 0.000149% 0% 0% 0% 0•/. 0% 0% 0% 0% 0% 0% 0% 0•%. 0•%. 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0•/. 0% 0% 0% 0•/. 0% 0•%. 0% 0% 0% 2,148 1,500 786 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,817,819 5,047,590 5,286,481 5.534,853 5,793,946 6,063,371 6,343,541 6,634,886 6,937,852 7.252.903 7,743,774 8,264,041 8,815,467 9,399,922 10,019,387 10,675.961 11,371,871 12,109,476 12,891,277 13,719,926 14,598,232 15,529,175 16,515,912 17,561,790 18,670,358 19,845,374 21,090,827 22,410,942 23,810,197 25,293,340 26,865.405 28,531,724 30,297,955 32,170,089 34,154,481 36,257,865 38.487,381 40,850,595 43,355,528 46.010,684 48,825,074 51.808,253 54.970,345 58,322,087 61,874,855 65,640,711 69,632,438 73,863,590 78,348,529 83,102.483 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 17,455 4,835,274 5,065,045 5,303,936 5,552,308 5,811,401 6,080,826 6,360,996 6,652.341 6,955,307 7,270,358 7,761,229 8,281,496 8,832,922 9,417,377 10,036.842 10,693,416 11,389,326 12,126,931 12,908,732 13,737,381 14,615,687 15,546,630 16,533,367 17,579,245 18,687,813 19,862,829 21.108,282 22,428.397 23,827,652 25,310,795 26,882,860 28,549,179 30,315,410 32,187,544 34,171,936 36,275,320 38,504,836 40,868,050 43,372,983 46,028,139 48,842,529 51,825,708 54,987,800 58,339,542 61,892,310 65,658,166 69,649,893 73,881.045 78,365,984 83.119.938 RSG. Inc . PA2BONDS XLS S/24A4 ATTACHMENT 7-EXHIBIT 3 Palm Desert evelopment Agency Pr°lect Area No. 2 Projected Ta=1lncrernent Revenue Page 2 of 3 PROJECT NO. 2 Fiscal ' Low & Mod Paas=Thru Estimated County Library V Mosquit Subtotal Net after Housing Net after Year Housing Agreements Net To Pass-Thru Pus-Thru Pass-Thru County & CVM Adjustment H Fund Agency Pass-Thru for other Adj at 20% 26.59% 2.85% 1.43%s Agreements BY 1986-87 1 1993-94 967,055 1,491.986 2,376,233 1,284,993 137.807 69.186 1,491,986 3,343,288 668,658 2,674,630 2 1994-95 1,013.009 1,563,116 2.488.920 1,346,255 144,377 72,485 1,563,116 3,501,929 700,386 2,801,543 3 1995-96 1,060,787 1,637,082 2,606,066 1,409,959 151209 75,915 1,637,082 3,666,853 733,371 2,933,483 4 1996-97 1,110,462 1,731,294 2,710.553 1,476,203 158,313 79,481 1.713.997 3,838,310 767,662 3,070.648 5 1997-98 1,162,280 1,846,356 2,802,765 1,545,089 165,700 83,190 1.793.979 4,017,421 803,484 3.213,937 6 1998-99 1,216,165 1,966,007 2,898,654 1,616.721 173,383 87,047 1,877.151 4,203.675 840,735 3.362,940 7 1999-00 1,272,199 2.090,429 2.998,368 1,691211 181,371 91,058 1,963,639 4.397.357 879,471 3.517,885 8 2000-01 1,330,468 2.219.814 3,102.058 1,768,671 189,678 95,228 2,053,578 4,598.763 919,753 3.679,011 9 2001-02 1,391,061 2.354,360 3,209,885 1.849,221 198,317 99,565 2,147,103 4,808,203 961,641 3.846,563 10 2002-03 1,454,072 2,494,274 3.322.013 1,932.985 207,300 104,075 2244.360 5.025.999 1,005200 4.020.799 11 2003-04 1,552,246 2,712267 3,496,716 2,063,493 221,296 111,102 2,395,891 5,365,337 1,073,067 4,292,270 12 2004-05 1,656,299 2,943,316 3,681,881 2,201,818 236,130 118,550 2,556,498 5.724,998 1,145,000 4.579.998 13 2005-06 1,766.584 3,188,203 3,878.135 2,348,427 251,853 126,443 2,726,723 6,106,199 1,221,240 4,884,959 14 2006-07 1,883,475 3,447,757 4,086,145 2,503.817 268,518 134,810 2,907,144 6.510,233 1,302,047 5,208,186 15 2007-08 2,007,368 3,806,416 4223.057 2,668,515 286,180 143,677 3.098,373 6.938,469 1,387,694 5,550,775 16 2008-09 2.138,683 4,097,999 4.456,734 2,843,080 304,901 153,076 3,301,058 7,392,358 1,478,472 5,913.887 17 2009-10 2.277.865 4.407,050 4.704.411 3.028,103 324,744 163.038 3.515,885 7.873.441 1,574,688 6298.753 18 2010-11 2.425.386 4.734,617 4.966.927 3.224.211 345,775 173.597 3.743.584 8,383,347 1,676,669 6,706,678 19 2011-12 2.581.746 5,081,812 5,245,173 3,432,070 368,067 184,788 3,984,926 8.923,806 1,784,761 7,139,045 20 2012-13 2.747,476 5,449,812 5.540.092 3,652,385 391,694 196,651 4,240,729 9.496,651 1.899,330 7,597.321 21 2013-14 2.923.137 5.839,865 5,852,685 3,885.902 416,737 209.224 4,511.863 10,103,824 2,020,765 8,083, 22 2014-15 3,109,326 6,253.293 6,184,011 4,133,414 443,281 222,550 4.799245 10,747,385 2,149,477 8,597, 23 2015-16 3.306.673 6.691,500 6,535,194 4,395,759 47I,416 236,675 5.103.850 11,429,517 2,285.903 9,143. 24 2016-17 3,515,849 7,155.970 6,907.426 4,673,829 501,237 251,647 5,426.713 12,152,532 2,430,506 9,722, 25 2017-18 3,737.563 7,564,724 7.385,527 4.968,566 532,846 267,516 5,768,928 12,918,885 2,583,777 10,335.108 26 2018-19 3.972.566 8,086,544 7,803,719 5.280.970 566,349 284,336 6,131.655 13,731,174 2,746235 10,984,939 27 2019-20 4.221.656 8,639.645 8.246.981 5,612.101 601,860 302,165 6,516.127 14,592.156 2.918,431 11.673,724 28 2020-21 4,485,679 9,225,903 8,716,814 5.963,083 639.501 321,063 6,923,646 15,504,751 3,100,950 12.403,801 29 2021-22 4.765,530 9.847,307 9.214.814 6.335.105 679,398 341.093 7,355,596 16,472,056 3,294,411 13.177.645 30 2022-23 5,062.159 10,505,966 9,742,670 6,729,432 721,687 362,324 7,813,442 17,497,353 3,499,471 13,997,882 31 2023-24 5.376.572 11,204,114 10,302.174 7,147,400 766,511 384,828 8,298,739 18,584,121 3,716,824 14,867297 32 2024-25 5.709.836 11,944,121 10,895,223 7.590.427 814,023 408.682 8.813.132 19.736,048 3,947,210 15.788.838 33 2025-26 6,063,082 12,728,497 11,523,831 8.060.019 864,383 433,965 9.358,367 20,957.043 4,191,409 16,765,634 34 2026-27 6,437,509 13,559,905 12,190.130 8,557,767 917,763 460,765 9,936,295 22,251,249 4,450,250 17,800.999 35 2027-28 6,834,387 14,441,166 12,896,382 9,085,361 974.344 489,171 10.548,877 23,623,059 4,724,612 18,898.447 36 2028-29 7,255,064 15,375,272 13,644,984 9,644,592 1,034,318 519,281 11,198,191 25,077,129 5,015,426 20,061,703 37 2029-30 7,700,967 16,365,391 14,438,477 10,237,358 1.097,888 551,197 11.886.443 26,618,393 5,323,679 21,294,714 38 2030-31 8,173,610 17,414,886 15,279,554 10,865,670 1,165271 585,026 12,615,967 28,252,083 5,650,417 22.601,666 39 2031-32 8,674.597 18.527.318 16.171.069 11.531.662 1.236.694 620.884 13389140 29.983.743 5,996,749 23,986.995 40 2032-33 9,205.628 19.706.463 17.116.048 12.237.593 1,312,400 658.893 14,208,887 31,819,252 6.363,850 25,455,402 41 2033-34 9,768,506 20.956.323 18.117.700 12.985.861 1,392,647 699,181 15,077,689 33,764.841 6,752,968 27,011,872 42 2034-35 10,365,142 22,281.142 19.179.424 13.779,005 1,477,706 741.885 15.998,596 35,827,112 7,165,422 28,661,689 43 2035-36 10,997,560 23.685,416 20,304,824 14,619.716 1,567,867 787.150 16.974,734 38,013,066 7,602,613 30,410,453 44 2036-37 11,667,908 25.173,912 21,497,721 15,510.851 1,663,435 835,131 18,009,417 40.330,125 8,066,025 32,264,100 45 2037-38 12,378,462 46 2038-39 13,131,633 47 2039-40 13,929,979 48 2040-41 14,776,249 49 2041-42 15,673,197 50 2043-44 16.623.988 RSG. inc , PA2SONDSXLS 5124l94 ATTACHMENT 7-EXHIBIT 3 RESOLUTION NO. 294 'Palm Desert Redevelopment / .cy Projected Tax Increment Re u PROJECT NO. 2 Proiect Area No. 2 Page 3 of 3 Fiscal kemaining PS USD DS USD DCC Co. Schools Subtotal 'Total Year for General Lev General Lev Pus-Thru Pass-Thru Pasa-Thru County Pass-Thtu Pass-Thru Pass-Thru Pau-Thru Payback of Over S3.0 M 2.78% 34.04% 7.87% 4.28% S835,S7S on Net BY 1986-87 1 1993-94 2 1994-95 3 1995-96 4 1996-97 5 1997-98 6 1998-99 7 1999-00 8 2000-01 9 2001-02 10 2002-03 11 2003-04 12 2004-05 13 2005-06 14 2006-07 15 2007-08 16 2008-09 17 2009-10 18 2010-11 19 2011-12 20 2012-13 21 2013-14 22 2014-15 23 2015-16 24 2016-17 25 2017-18 26 2018-19 27 2019-20 28 2020-21 29 2021-22 30 2022-23 31 2023-24 32 2024-25 33 2025-26 34 2026-27 35 2027-28 36 2028-29 37 2029-30 38 2030-31 39 2031-32 40 2032-33 41 2033-34 42 2034-35 43 2035-36 44 2036-37 45 2037-38 46 2038-39 47 2039-40 48 2040-41 49 2041-42 50 2043-44 0 0 0 70,648 213,937 362,940 517,885 679,011 846,563 1,020,799 1,292,270 1,579,998 1,884,959 2.208,186 2.550.775 2.913.887 3.298.753 3,706,678 4,139,045 4,597,321 5,083,060 5,597,908 6.143,613 6,722.026 7,335.108 7,984,939 8,673,724 9,403,801 10,177,645 10.997,882 11.867,297 12,788,838 13,765,634 14,800,999 15.898,447 17.061.703 18.294.714 19.601.666 20.986.995 22,455.402 24,011.872 25,661,689 27,410,453 29,264,100 0 0 0 0 0 0 0 0 0 0 0 0 981 12.025 2.779 1,512 2,970 36,414 8,414 4,578 5,039 61,776 14,275 7,766 7,190 88,149 20,369 11,082 9,427 115,574 26,707 14,530 11,753 144,093 33.297 18,115 14,172 173,749 40,150 21,844 17,941 219,956 50,827 27,653 21.935 268,930 62,144 33,810 26,169 120,837 74,138 40,335 30,656 375.853 86.851 47,252 35.412 434,165 100,326 54,583 40.453 495.970 114,608 62,353 45,797 561,477 129,745 70,588 51,460 630,910 145,789 79,317 57,462 704,503 162.795 88,569 63,825 782,505 180,820 98,376 70,568 865,182 199,924 108,770 77,716 952,814 220,174 119,787 85,292 1,045,698 241.638 131,464 93,322 1,144,149 264,387 143,841 101.833 1.248.501 288,501 156,960 110,855 1,359,109 314.060 170,866 120,417 1,476.346 341.151 185.605 130.553 1.600.611 369,866 201,227 141.296 1,732,327 400,302 217,786 152,684 1,871,939 432,563 235,338 164,754 2,019,921 466,759 253,942 177,547 2,176.775 503,004 273,662 191,108 2,343.035 541.423 294,564 205,482 2,519,263 582,146 316,719 220,718 2,706,059 625.310 340,203 236.868 2.904.055 671.062 365.095 253.986 3313.925 719.559 391,479 272,130 3.336.380 770.963 419,446 291.362 3,572.175 825.450 449,090 311.748 3.822.112 883.205 480,512 333.357 4.087,037 944.423 513,818 356,261 4,367,850 1,009,313 549,122 380,539 4,665,506 1.078.094 586,543 406,274 4,981,013 1,151,001 626,208 1,491,986 0 1.491,986 1,563,116 0 1,563,116 1.637,082 0 1,637,082 1,731,294 0 1,731,294 1,846,356 0 1,846,356 1,966,007 0 1,966,007 2,090,429 0 2.090,429 2,219,814 0 2,219,814 2.354,360 0 2,354,360 2,494.274 0 2,494.274 2,712,267 0 2,712,267 2,943,316 0 2,943,316 3,188,203 0 3.188,203 3,447,757 0 3,447,757 3,722.859 83,558 3,806,416 4,014.441 83,558 4,097,999 4,323,492 83,558 4,407,050 4,651,060 83,558 4.734,617 4,998.255 83,558 5,081,812 5,366,255 83,558 5,449,812 5,756,307 83,558 5,839,865 6,169,736 83,558 6,253,293 6407,942 83,558 6,691,500 7,072,413 83,558 7,155,970 7,564,724 0 7,564,724 8,086,544 0 8,086,544 8.639,645 0 8,639,645 9,225,903 0 9,225,903 9,847,307 0 9,847,307 10.505.966 0 10,505,966 11,204,114 0 11,204,114 11,944,121 0 11.944,121 .12,728,497 0 12,728,497 13,559,905 0 13,559,905 14,441,166 0 14.441,166 15,375,272 0 15.375,272 16365,391 0 16,365,391 17.414.886 0 17,414,886 18,527.318 0 18,527,318 19,706,463 0 19,706,463 20,956,323 0 20,956,323 22,281,142 0 22,281,142 23,685.416 0 23,685,416 25,173,912 0 25,173,912 RSG. inc.. 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