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Home My WebLink AboutRDA RES 343RESOLUTION NO. 343 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, 1997 THROUGH JUNE 30, 1998 WHEREAS, the Board has received and considered the proposed Program and Financial Plan submitted by the Executive director on June 26, 1997; 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 show on Exhibit 1, "Estimated Revenues", are hereby accepted as the Estimated Revenues for the 1997-98 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 1997-98 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 1996-97 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contract encumbered by June 30, 1997. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert Redevelopment Agency held on this 26th day of June, 1997, by the following vote, to wit: AYES: Benson, Snyder, Spiegel, Kelly NOES: None ABSENT: Crites ABSTAIN: None ATTEST: fl SHEILA R. G LIGAN, CRETARY RICHARD S. KgLLY;vCHAIRM City of Palm Desert Estimated Revenues Fiscal Year 1997-98 RES. 343 Exhibit 1 RDA PROJECT AREA #1 __850-0000-335.95-00 PRIOR YR REV-SB300(Hwy 111) 378,329 850-0000-341.15-00 SALE OF MAPS & PUBLICATNS 5 33 - 850-0000-349.95-07 C.O.D. -LIBRARY REIMB 1,169,136 996,305 28,000 28,000 28,000 850-0000-349.95-09 REIMB FR DSUSD 571,417 399,480 850-0000-349.95-15 RIVERSIDE CO -LIBRARY REIM 1,573,837 1,341,179 169,000 169,000 169,000 850-0000-361.10-00 INTEREST INCOME 5,314 50,000 50,000 50,000 850-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 580,004 2,500,007 1,000,000 1,000,000 1,000,000 850-0000-361.16-00 INTEREST NON -POOLED - 175 - - - 850-0000-363.20-00 RENTAL OF REAL PROPERTY 4,000 4,002 4,000 4,000 4,000 850-0000-379.90-00 RESTITUTION DAMAGES/LITIG - 134,609 - 63,573 850-0000-379.95-00 MISCELLANEOUS REVENUE 1,077 416,018 - 850-0000-391.00-00 INTERFUND OP TR IN 2,118,469 - 8,700,000 850-0000-393.36-00 BOND PROCEEDS 7,888,163 850-0000-393.37-00 PROCEEDS FROM ADVANCE 2,500,000 250,000 RDA PROJECT AR_;A #1 i 16,784,437 5,381,104 1,251,000 10,680,591 1,251,000 RDA PROJECT AREA #2 851-0000-341.15-00 SALE OF MAPS & PUBLICATNS 35 - - 851-0000-361.10-00 INTEREST INCOME 10,649 20,000 20,000 20,000 851-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 195,087 266,109 100,000 218,000 100,000 851-0000-377.70-00 CONTRIBUTIONS - - 851-0000-391.00-00 INTERFUND OP TR IN 2,818,533 - 15,000,000 -851-0000-392.11-00 SALE OF FIXED ASSETS -LAND 851-0000-393.36-00 BOND PROCEEDS 1,376,283 - - - 851-0000-393.37-00 PROCEEDS FROM ADVANCE 5,500,000 - RDA PROJECT AR A #2 7,071,405 3,095,291 120,000 15,238,000 120,000 RDA PROJECT AREA #3 853-0000-361.10-00 (INTEREST INCOME 5,374 7,805 3,000 3,000 3,000 RDA PROJECT AREA #3 5,374 7,805 3,000 3,000 3,000 I RDA PROJECT AREA #4 854-0000-361.10-00 'INTEREST INCOME 4,309 4,964 1,000 1,000 1,000 RDA PROJECT AREA #4 4,309 4,964 1,000 1,000 1,000 City of Palm Desert Estimated Revenues Fiscal Year 1997-98 DEBT SERVICE FUND - PROJECT AREA #1 860-0000-317.10-00 TAX INCREMENTS 860-0000-317.11-00 TAX INCREMENTS PJ#1 ANNEX 860-0000-361.10-00 INTEREST INCOME 860-0000-361.11-00 860-0000-363.20-00 860-0000-379.90-00 860-0000-379.97-11 860-0000-379.97-12 860-0000-379.97-13 860-0000-379.97-14 INTEREST - BROTHERS RENTAL OF REAL PROPERTY RESTITUTION DAMAGES/LITIG REIMB DSUSD TR 92TAB PRIN REIMB DSUSD TR 92TAB INT REIMB CNTY TR 92TAB PR1N 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 863-0000-361.10-00 INTEREST INCOME DEBT 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 REDEVELOPMENT HOUSING SET -ASIDE FUND 870-0000-317.10-00 TAX INCREMENTS 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 870-0000-361.15-00 870-0000-363.20-00 870-0000-374.10-00 870-0000-379.92-00 870-0000-379.99-00 870-0000-391.00-00 870-0000-391.10-11 870-0000-391.10-12 INT-INT FR LOAN/NOTES REC RENTAL OF REAL PROPERTY PROCEEDS-LOANS/NOTES REC MISC REIMBURSEMENTS MISC REVENUE -OTHERS INTERFUND OP TR IN OP IN P#1 TI LM SET -ASIDE 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 5,305,784 5,425,394 5,640,000 11,200,151 11,114,324 11,877,800 508,646 24,348 500,000 527,898 180,073 - 2 584,363 227,795 35,000 157,412 157,421 157,000 157,000 66,000 304,385 304,406 304,000 304,000 18,004,278 18,018,124 18,478,800 17, 767,225 4,906,863 5,113,949 71,345 106,258 4,978,208 5,220,207 464,930 7,930 472,860 550,528 26,815 577,343 945,087 1,235,179 19,110 30,715 964,197 1,265,894 5,378,000 100,000 5,478,000 708,500 30,000 738,500 5,458,900 100,000 5,558,900 550,500 15,000 565,500 RES. 343 Exhibit 1 5,635,425 5,739,000 11,069,800 11,289,000 500,000 500,000 ** 35,000 157,000 66,000 304,000 18,090,000 5,566,500 100,000 5,666,500 560,904 30,000 590,90trr 1,793,000 1,150,700 1,172,800 100,000 50,000 100,000 1,893,000 1,200,700 1,272,800 I 5,192,000 4,885,800 4,980,500 300,000 50,000 300,000 84,000 - 36,964 150,613 300,000 138,316 17,000 22,528 9,500 639,063 60,000 40,000 60,000 8,000 471,015 - 31,000 - 1,929,000 6,379,244 6,660,000 19,050,000 3,407,303 3,416,452 981,373 1,022,789 92,986 110,106 189,017 247,036 - 6,782,959 12,458,846 12,212,000 24,467,300 5,340,50 _., \bud9Tbud-exhi.xlw Resolution No. 343 DEPARTMENT TITLE 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 !96\bud-exhi. xlw Transfer In(0ut) 276,717 69,563 1,136,000 (276,717) (69,563) (1,136,000) APPROPRIATIONS FY 1997-98 36,441,427 7,227,717 75,000 1,137,000 17,769,000 4,569,000 552,800 936,000 5,958,000 74,665,944 I Resolution No. 343 Exhibit 3 CITY OF PALM DESERT CAPITAL IMPROVEMENT PROGRAM EXISTING PROJECTS IN FISCAL YEAR 1996-97 CONTINUED TO FY 1997-1998 1 PROJECT TITLE Master Sidewalk Infili Program Cook Street Medians El Paseo Median Imp/Lighting Upgrade Underground Storage Tank Removal -Mesa ViewlTown CTR Eastbound Haystack Widening W Washington Intr Wdng/lmpr San Pablo Avenue-HWY 111 to El Paseo widening & traffic signal improvements Cook/I-10 Interchanges El Paseo/ HWY 74 DRAINAGE Vista Chino Storm Channel Storm Drain Improvements LANDSCAPING Super Block III -Landscaping 1.10 Interchange Landscaping PARK PROJECTS Aquatic Center Feasibility Study Aquatic Center Civic Center Park Fountain Civic Center Community Garden Walk Civic Center Park Improvements Civic Center Park/Magnesia Falls Recreational Equipment & Facilities Hoviey Park Soccer Fields Cahullla Hills Park Ironwood Park Upgrade ESTIMATED PROJECT TOTAL FOR UFE OF PROJECT 330,000 250,000 50,656 70,790 53,000 ACCOUNT NUMBERS 410-4616-433-4001 400-4816-433-4001 410-4377-433-4001 400-4377-433-4001 410-4395-433-4001 40,000 410-4688-433-4001 79,333 416-4343-433-4001 55,556 416-4353-433-4001 600,000 213-4342-433-4001 195,240 481-4389-433-4001 500,000 FUNDING SOURCES Street Fund 410 Year 2000 Fund 400 Street Fund 410 Year 2000 Fund 400 Street Fund 410 Street Fund 410 Ord 416 Fund 416 Ord 416 Fund 416 Measure A Fund 213 Interstate 10 Fund 481 RDA PJ Area #1 15,000 400-4699-433-4001 2000 Plan Reserves FD 400 319,740 420-4690-433-4001 Drainage Fund 420 60,000 850-4390-433-4001 RDA PJ Area #1 126,000 400-4389-433-4001 2000 Plan Reserves FD 400 22,500 233-4661-454-4001 69,156 231-4661-454-4001 15,675 430-4661-454-4001 304,377 233-4611-433-4001 83,300 233-4661-433-4050 195,000 233-4674454-4001 26,000 430-4674-454-4001 143,000 430-4664-433-4040 1,100,000 430-4665-454-4001 1,400,000 2334665-454-4001 70,000 430-4669-433-4001 22,000 233-4671-454-4001 13,000 430-4671454-4001 Park&Rec Facilities FD 233 New Construction Tax FD 231 Park&Rec Facilities FD 430 Park&Rec Facilities FD 233 Transfer from FD430-4611 Park&Rec Facilities FD 233 Transfer from FD430-4661 Park&Rec Facilities FD 233 Park&Rec Facilities FD 430 Park&Rec Facilities FD 430 Park&Rec Facilities FD 430 Park&Rec Facilities FD 233 Park&Rec Facilities FD 430 S5K transfer to FD233-4571 Park&Rec Facilities FD 233 Park&Rec Facilities FD 430 FY 1996-9 to FY97-9E • SEE NOTE 138,916-' 250,0001 50,65E 70,134 53,000 40,000-1 79,333 14,125 599,300 190,574 500,000 15,E 301, 60,000 126,000 15,675 69,156 15,675 304,377 15,675 160,877 26,000 135,744 100,000 1,207,595 850 22 I 13 Dario 7Zd i I I I I I- I Resolution No. 343 CITY OF PALM DESERT CAPITAL IMPROVEMENT PROGRAM EXISTING PROJECTS IN FISCAL YEAR 1996-97 CONTINUED TO FY 1997-1998 Exhibit 3 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 Transportation Improvement Mid -Valley Parkway -Gerald Ford Dr, Portola to Frank S. Dr Ord 416 Projects on Arterials ESTIMATED PROJECT TOTAL FOR UFE OF PROJECT ACCOUNT NUMBERS 120,000 2344263-422-4001 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 200,000 From F0235-4270 To FD213-4270 135,000 2344620-4334001 135,000 234-4271-422-4001 137,992 234-4621-433-4001 110,000 440-4548-422-4001 80,000 440-4565-422-4001 250,000 440-4594422-4001 1,000,000 213-4383-4362-4001 400,000 213-4384-4362-4001 500,000 213-4387433-4001 232,659 4104398-433-4001 150,000 400-4357-433-4001 250,000 416-4615-433-4001 Page 233 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 Street Fund 410 Year 2000 Fund 400 100% Reimbursement from: CVAG 50%; SB300 50% Ord 416 Fund 416 FY 1996-97 to FY97-98 • SEE NOTE $111,179 100,000 12,706 125,000 125,000 135,000 159,196 135,000 95,423 137,992 82,500 35,552 246,434 1,000,000 282,737 500,000 137,925 79,604 236,099 Resolution No. 343 Exhibit 3 CITY OF PALM DESERT CAPITAL IMPROVEMENT PROGRAM EXISTING PROJECTS IN FISCAL YEAR 1996-97 CONTINUED TO FY 1997-1998 PROJECT TITLE BUILDINGS & OTHER IMPROVEMENTS Historical Fire Station -Exterior & Interior Improvements Civic Center Bldg - Roof R&M, Air-condition R&M etc. City Entryways Monument Signs Council Chamber Entry Way Civic Center KIOSK Civic Center Entrance Planters etc Library - improvements etc Section IV Golf Course etc Public Parking - The Gardens TOTAL EXISTING PROJECTS ESTIMATED PROJECT TOTAL FOR LIFE OF PROJECT 40,000 328,440 300,000 65,000 25,000 70,000 55,000 30,000,000 PJ#1&2 5,000,000 ACCOUNT NUMBERS 231-4275-422-4001 400-4161-415-4001 400-4372-433-4001 400-4563-433-4001 400-4564-433-4001 400-4691-433-4001 452-4662-454-4001 850-4663-454-4001 851-4663-454-4001 FUNDING SOURCES New Construction Tax FD 231 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 2000 Plan Reserves FD 400 Buildings\ Library Fund 452 RDAPJArea#1 RDA PJ Area #2 RDA PJ Area #1 • NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER FROM FISCAL YEAR 1996-97 TO 1997-98 Continuing appropriations are amounts which have been appropriated in FY 1996-97 and ere not expected to be expended by June 30, 1997. These funds are primarily for capital budgets and specific programs that overlap fiscal years. When authorized, continuing appropriation amounts ere added to the new fiscal year budget amounts in order to track all approved spending. 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 es of June 30, 1997. Note: List does not include Approval of carryover list was compliled in FY 1996-97 to FY97.98 • SEE NOTE - 11,202 202,969 149,787 65,000 25,000 70,000 22,935 8,001,478 16,046,764 5,000,000 $37,907,740 any Capital Projects approved by City Council in May & June 97 budget would include all projects that were approved after April 97. Page 235