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Home My WebLink AboutRDA RES 329RESOLUTION NO. 329 A RESOLUTION OF THE BOARD OF THE PALM DESERT REDEVELOPMENT AGENCY, PALM DESERT, CALIFORNIA, ADOPTING A PROGRAM AND FINANCIAL PLAN FOR THE FISCAL YEAR JULY 1, 1996 THROUGH JUNE 30, 1997 WHEREAS, the Board has received and considered the proposed Program and Financial Plan submitted by the Executive Director on June 7, 1996; and WHEREAS, after due notice, the Board held a public hearing on the proposed plan. NOW, THEREFORE, BE IT RESOLVED by the Board of the Palm Desert Redevelopment Agency, Palm Desert, California, that: 1. The amounts shown on Exhibit 1, "Estimated Revenues", are hereby accepted as the Estimated Revenues for the 1996-97 Fiscal Year for each fund and revenue source. 2. The amounts shown on Exhibit 2, "Appropriations" are hereby appropriated, to the departments and activities indicated. The Executive Director, or his duly appointed representative, will have the authority to approve intra-departmental budgeted line item variations; additional appropriations or inter -departmental budget transfers will be specifically approved by further Redevelopment Board action during the 1996-97 fiscal year as the need arises. 3. The amounts shown on Exhibit 3, "Continuing Appropriations, Existing Capital Projects", are hereby accepted as continuing appropriations from the 1995-96 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contracts encumbered by June 30, 1996. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert Redevelopment Agency held on this 27day of June, 1996, by the following vote, to wit: AYES: Benson, Kelly, Spiegel, Snyder NOES: None ABSENT: Crites ABSTAIN: None ATTEST: Sheila fR. Gillligan, Secretary Walter H. Snyder, Chairma .CCOUNT NUMB 'ACCOUNT DESCRIPTION City of Palm Desert EXHIBIT 1-RES 329 Revenue Budget Worksheets ACTUAL ACTUAL Fj r 3 49 _47 F"�' 93-94 ` FY 94-95 'EYD95.96 D IFY'PRf 95 96TEDIi�'Y 96 9ED RDA PROJECT AREA #1 850-0000-335.95-00 PRIOR YR REV-SB300(Hwy 1 1 1) 378,329 - 850-0000-341.15-00 SALE OF MAPS & PUBLICATNS 119 5 - - 850-0000-349.95-07 C.O.D. -LIBRARY REIMB 251,975 1,169,136 28,000 28.000 28.000 850-0000-349.95-09 REIMB FR DSUSD 571,417 1,000,000 850-0000-349.95-15 RIVERSIDE CO -LIBRARY REIM 1,573,837 169,000 169,000 169.000 850-0000-361.10-00 INTEREST INCOME - 50,000 50.000 50.000 850-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 3,215,985 580,004 400,000 3,000,000 1,000.000 850-0000-361.16-00 INTEREST NON -POOLED 850-0000-363.20-00 RENTAL OF REAL PROPERTY 2,501 4,000 4,000 4,000 4.000 850-0000-379.90-00 RESTITUTION DAMAGES/LITIG 850-0000-379.95-00 PRIOR YR-REV/EXP REIMB/AJ 1,077 850-0000-391.00-00 INTERFUND OP TR IN 2,1 18,469 - 850-0000-393.36-00 BOND PROCEEDS - 7,888,163 - 850-0000-393.37-00 PROCEEDS FROM ADVANCE - 2,500,000 RDA PROJECT AR 3A #1 3,470,580 16,784,437 651,000 4,251,000 1,251,000 RIM PROJECT AREA #2 851-0000-341.15-00 SALE OF MAPS & PUBLICATNS - 35 351-0000-361.10-00 INTEREST INCOME - - 20,000 20,000 20.000 351-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 524,949 195,087 160.000 225,000 100.000 -351-0000-377.70-00 CONTRIBUTIONS 45,000 851-0000-391.00-00 INTERFUND OP TR IN 408,117 851-0000-392.11-00 SALE OF FIXED ASSETS -LAND 5,031,433 851-0000-393.36-00 BOND PROCEEDS - 1,376,283 851-0000-393.37-00 PROCEEDS FROM ADVANCE 5,000,000 5,500,000 RDA PROJECT AR ?A #2 11,009,499 7,071,405 180,000 245.000 120.000 RDA PRO.IECT AREA #3 853-0000-361.10-00 !INTEREST INCOME RDA PROJECT AREA #3 RDA PRO.IECT AREA #4 854-0000-361.10-00 'INTEREST INCOME RDA PROJECT AREA #4 4,719 5,374 4,719 5,374 3,914 4,309 3,914 4,309 3,000 3,000 1,000 1,000 3,000 3,000 3.000 3.000 1,000 1,000 1,000 1,000 City of Palm Desert Revenue Budget Worksheets Fier'"l VoQr 1QQF_Q7 £COUNT NUMB ACCOUNT DESCRIPTION IEBT SERVICE FUND - PROJECT AREA #1 _ 60-0000-317.10-00 TAX INCREMENTS 860-0000-317.1 1-00 TAX INCREMENTS PJ# 1 ANNEX 860-0000-361.10-00 INTEREST INCOME 860-0000-361.1 1-00 INTEREST - BROTHERS 860-0000-363.20-00 RENTAL OF REAL PROPERTY 860-0000-379.90-00 RESTITUTION DAMAGES/LITIG 860-0000-379.97-11 REIMB DSUSD TR 92TAB PRIN 860-0000-379.97-12 REIMB DSUSD TR 92TAB INT 860-0000-379.97-13 REIMB CNTY TR 92TAB PRIN 860-0000-379.97-14 REIMB CNTY TR 92TAB INT DEBT SERVICE FUND - PROJECT AREA #1 DEBT SERVICE FUND - PROJECT AREA #2 861-0000-317.10-00 TAX INCREMENTS 861-0000-361.10-00 INTEREST INCOME 861-0000-391.00-00 INTERFUND OP TR IN DEBT SERVICE FUND - PROJECT AREA #2 DEBT SERVICE FUND - PROJECT AREA #3 863-0000-317.10-00 ITAX INCREMENTS 63-0000-361.10-00 INTEREST INCOME IEBT SERVICE FUND - PROJECT AREA #3 DEBT SERVICE FUND - PROJECT AREA #4 864-0000-317.10-00 ITAX INCREMENTS 864-0000-361.10-00 INTEREST INCOME DEBT SERVICE FUND - PROJECT AREA #4 ACTUAL ACTUAL FY 93-94 . FY :94-95 3.915,608 4,572.542 108,772 464,069 2 28,121 139,441 54,376 269,631 9,552,562 5,305.784 11,200,151 508,646 527.898 2 EXHIBIT 1-RES 32_9_ ADOPTED PROJECTED ADOPTED FY 95-96 FY 95-96 FY 96.97 4,690,000 9,444,000 600.000 450,000 5,485.000 11,109,000 500,000 ** 5,640.000 11,877.800 500.000 157,412 157.000 157,000 157,000 304,385 304,000 304,000 304.000 18,004,278 15,645,000 17,555,000 18,478.800 2,328,560 4,906.863 3,991,000 5.143.000 5,378,000 39,469 71.345 140,000 100,000 100,000 3.055,532 - - 5,423,561 4,978,208 4,131,000 5,243,000 5,478,000 24,391 464,930 410,000 559,000 708,500 18,232 7,930 15,000 15,000 30,000 42,623 472,860 425.000 574,000 738.500 945,087 1,187,000 1,232,000 19,110 50,000 964,197 1,187.000 1,282,000 1,793,000 100,000 1,893,000 ACCOUNT NUMB ACCOUNT DESCRIPTION City of Palm Desert Revenue Budget Worksheets VPQr 1 QQF-Q7 ACTUAL ACTUAL FY 93.94 FY 94.95 REDEVELOPMENT HOUSING SET -ASIDE FUND 870-0000-317.10-00 TAX INCREMENTS 4,319,999 870-0000-318.29-00 HOUSING MITIGATION FEE 870-0000-361.10-00 INTEREST INCOME 870-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 870-0000-361.15-00 INT-INT FR LOAN/NOTES REC 870-0000-363.20-00 RENTAL OF REAL PROPERTY 870-0000-374.10-00 PROCEEDS-LOANS/NOTES REC 870-0000-379.92-00 MISC REIMBURSEMENTS 870-0000-379.99-00 MISC REVENUE -OTHERS 870-0000-391.00-00 INTERFUND OP TR IN 870-0000-391.10-11 OP IN P#1 TI LM SET -ASIDE 870-0000-391.10-12 TR IN P#2 TI LM SET -ASIDE 870-0000-391.10-13 TR IN P#3 TI LM SET -ASIDE 870-0000-391.10-14 TR IN P#4 TI LM SET -ASIDE 'REDEVELOPMENT HOUSING SET -ASIDE FUND 4,622,611 4,025 66,319 36,964 43,31.8 138.316 188,950 8.000 1,929.000 3,407,303 981,373 92,986 189,017 6,782,959 EXHIBIT 1-RES 329 ADOPTED PROJECTED ADOPTED FY 95.96 FY 95-96 FY 96.97 5,080.000 60.000 100.000 20,000 75,000 300,000 4,815.000 785.000 84.000 40,000 5,192.000 300.000 60,000 1.000,000 6.660.000 5.635.000 6,724,000 12,212.000 EXHIBIT 2 'ELM DESERT REDEVELOPMENT AGENCY APPROPRIATIONS FOR FISCAL YEAR 1996 - 199 RES 96-329 DEPARTMENT TITLE REDEVELOPMENT AGENCY FUNDS: Project Area #1 Project Area #2 Project Area #3 Project Area #4 Debt Service PJ Area #1 Debt Service PJ Area #2 Debt Service PJ Area #3 Debt Service PJ Area #4 Housing Set Aside Total Redevelopment Agency Funds \bud96\bud-exhi.xlw !Transfer In(Out) 4,000,000 1,157,000 (4,000,000) (1,157,000) APPROPRIATIONS FY 1996-97 49,203,435 562,000 80,000 1,158,000 14,189,000 4,314,000 411,000 964,000 5,958,000 76,839,435 CITY OF PALM DESERT EXHIBIT 3 - RES 329 CONTINUING APPROPRIATIONS FXISTING CAPITAL PROJECTS EXISTING PROJECTS IN FISCAL YEAR 1995-96 CONTINUED TO FY 1996-1997 PROJECT TITLE SIGNALIZATION Hovley Lane & Monterey Ave Fred Waring DR & Phyllis Jackson LN Traffic Signal Modification Country Club & Palm Desert Resort Country Club Hovley Lane & Portola Ave Highway 74 & Haystack Magnesia Falls & Portola Ave Opticom Country Club & Park Center Dr , Project will not proceed until all formal agreements are signed. Country Club & Oasis Fred Waring & Portola Cook & Julie Lane/Santa Fe Left Turn on Greenball Project Traffic Signal Coordination - Pre -condition for project: only if State Grant is secured STREET AND BRIDGE PROJECTS San Pascual Ave, Auto Bridge Fred Waring DR & Portola Ave Widening Northbound HWY74/HWY111 widening & traffic signal work 1-10 Interchange/Washington ROW Monterey Bridge/Whitewater Channel Deep Canyon Rd & Hwy 111 Transportation Improvement ESTIMATED PROJECT TOTAL FOR LIFE OF PROJECT ACCOUNT NUMBERS 120,000 234-4263-422-4001 100,000 234-4264-422-4001 150,000 234-4382-422-4001 125,000 234-4269-422-4001 125,000 234-4265-422-4001 135,000 234-4273-422-4001 250,000 From FD235-4270 To FD213-4270 135,000 234-4620-433-4001 135,000 234-4271-422-4001 88,128 234-4621-433-4001 110,000 440-4548-422-4001 80,000 440-4565-422-4001 250,000 440-4594-422-4001 1,000,000 213-4383-4362-4001 400,000 213-4384-4362-4001 500,000 213-4387-433-4001 975,000 213-4389-433-4001 6,000,000 213-4613-433-4001 1,250,000 850-4341-433-4001 232,659 410-4398-433-4001 FUNDING SOURCES Signalization FD 234=67% Reimb fr Rancho Mirage=33% Signalization FD 234 Signalization FD 234 Signalization FD 234 Signalization FD 234 Reimbursement from Cal Trans 50% Signalization FD 234 From Fire Restoration FD 235 to Measure FD 213 Signalization FD 234 Reimbursements from: Riverside Cnty 25% Owners -No. Side 25% Owners -So. Side 25% Signalization FD 234 Signalization FD 234 $50K transferred from FD213 to FD234 for traffic signal Signalization FD 440 Signalization FD 440 Signalization FD 440 - to be reimbursed by Office of Traffic Safety Measure A FD 213 = $776K SB300 = $224K Measure A FD 213= $300K CVAG = $50K & Transfer to Traffic Signal FD234=$50K Measure A FD 213= $275K RCTC for HWY111= $100K SB300 = $125K Measure A FD 213 Measure A FD 213=$17% CVAG=75%; Rancho Mirage=8% RDA PJ Area #1 Street Fund 410 FY 1995-96 to FY96-97 ' SEE NOTE $120,000 100,000 139,020 125,000 125,000 135,000 65,000 135,000 119,300 88,128 82,500 59,708 250,000 1,000,000 350,000 500,000 974,700 3,883,778 1,173,400 218,664 CITY OF PALM DESERT CONTINUING APPROPRIATIONS cXISTING CAPITAL PROJECTS EXISTING PROJECTS IN FISCAL YEAR 1995-96 CONTINUED TO FY 1996-1997 EXHIBIT 3 - RES 329 PROJECT TITLE Cook Street/I-10 Improvements Mid -Valley Parkway -Gerald Ford Dr, Portola to Frank S. Dr Ord 416 Projects on Arterials Master Sidewalk Infill Program Cook Street Medians El Paseo Median Imp/Lighting Upgrade Underground Storage Tank Removal -Mesa View/Town CTR El Paseo /Highway 74 Eastbound Haystack Widening W Washington Intr Wdng/Impr Hovley Lane -Kansas to Wasington -DRAINAGE Vista Chino Storm Channel Storm Drain Improvements LANDSCAPING Super Block III -Landscaping 1-10 Interchange Landscaping PARK PROJECTS Aquatic Center Feasibility Study Edgehill Tennis Court Resurfacing Security Monitors -Park Civic Center Park Fountain Civic Center Community Garden Walk Civic Center Park/Magnesia Falls Recreational Equipment & Facilities Hovley Park Soccer Fields Cahuilla Hills Park Cook Street Sports Complex ESTIMATED PROJECT TOTAL FOR LIFE OF PROJECT ACCOUNT NUMBERS 2,316,527 481-4389-433-4001 150,000 400-4357-433-4001 250,000 416-4615-433-4001 330,000 410-4616-433-4001 50,656 410-4377-433-4001 53,000 410-4395-433-4001 40,000 410-4688-433-4001 7,719 850-4364-433-4001 79,333 416-4343-433-4001 55,556 416-4353-433-4001 600,000 15,000 400-4699-433-4001 19,740 420-4690-433-4001 60,000 850-4390-433-4001 126,000 400-4389-433-4001 22,500 233-4195-415-3090 15,000 233-4571-433-4001 5,000 233-4571-433-4001 85,274 233-4597-433-4001 219,170 233-4611-433-4001 83,300 233-4661-433-4050 100,000 430-4664-433-4040 100,000 430-4665-454-4001 70,000 430-4669-433-4001 400,000 850-4689-454-4001 FUNDING SOURCES Cook/I-10 Cap PJ FD489 CVAG-TUMF Fees Year 2000 Fund 400 100% Reimbursement from: CVAG 50%; SB300 50% Ord 416 Fund 416 Street Fund 410 Street Fund 410 Street Fund 410 Street Fund 410 RDA PJ Area #1 Ord 416 Fund 416 Ord 416 Fund 416 RDA PJ Area #4 From Revenues of $200K FY94-95 and $400K FY95-96 2000 Plan Reserves FD 400 Drainage Fund 420 RDA PJ Area #1 2000 Plan Reserves FD 400 Park&Rec Facilities FD 233 Originally budgeted in Gen FD Park&Rec Facilities FD 233 Park&Rec Facilities FD 233 Transfer from FD430-4669 Park&Rec Facilities FD 233 Transfer from FD430-4597 Park&Rec Facilities FD 233 Transfer from FD430-4611 Park&Rec Facilities FD 233 Transfer from FD430-4661 Park&Rec Facilities FD 430 Park&Rec Facilities FD 430 Park&Rec Facilities FD 430 $5K transfer to FD233-4571 RDA PJ Area #1 FY 1995-96 to FY96-97 • SEE NOTE 2,316,527 83,762 250,000 297,659 50,656 53,000 40,000 7,719 79,333 14,125 600,000 15,000 19,740 60,000 126,000 9,227 10,980 5,000 16,748 104,337 15,675 100,000 100,000 70,000 400,000 CITY OF PALM DESERT EXHIBIT 3 - RES 329 CONTINUING APPROPRIATIONS cXISTING CAPITAL PROJF.TS EXISTING PROJECTS IN FISCAL YEAR 1995-96 CONTINUED TO FY 1996-1997 PROJECT TITLE BUILDINGS & OTHER IMPROVEMENTS Historical Fire Station -Exterior & Interior Improvements Civic Center Lobby Remodeling Civic Center Bldg - Roof R&M, Air-condition R&M etc. Multi -Agency Library City Entryways Monument Signs Council Chamber Entry Way Civic Center KIOSK Civic Center Entrance Planters etc Peoplemover - Starter System Section IV Golf Course etc Desert Crossing Public Imp. TOTAL EXISTING PROJECTS ESTIMATED PROJECT TOTAL FOR LIFE OF PROJECT ACCOUNT NUMBERS 40,000 231-4275-422-4001 75,000 400-4161-415-4001 328,440 400-4161-415-4001 8,566,916 850-4662-454-4001 300,000 400-4372-433-4001 65,000 400-4563-433-4001 25,000 400-4564-433-4001 70,000 400-4691-433-4001 1,500 237-4367-433-4001 8,001,478 850-4663-454-4001 39,189,000 851-4663-454-4001 999,263 850-4622-433-4001 FUNDING SOURCES New Construction Tax FD 231 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 RDA PJ#1/ Riverside County/ COD 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 People Mover-Consltnt RDA PJ Area #1 RDA PJ Area #2 RDA PJ Area #1 Continuing appropriations are amounts which have been appropriated in FY 1995-96 and are not expected to be expended by June 30, 1996. These funds are primarily for capital budgets and specific programs that overlap fiscal years. When authourized, continuing appropriations amount are added to the new fiscal year budget amounts in order to track all approved spending. FY 1995-96 to FY96-97 ' SEE NOTE 23,773 75,000 328,440 508,270 149,787 65,000 25,000 70,000 3,500 8,001,478 33,724,851 90,409 I $57,555,194 I The exact amount of appropriations for carryover in each fund indicated will be determined at the end of the fiscal year during the preparation of financial statements.. This amount will include appropriations for 1) Purchase Orders and Contracts encumbered totals and 2) unencumbered balances as of June 30, 1996. No amounts are shown for the Purchase Orders due to not knowing which Purchase Orders will be outstanding at year end.