The URL can be used to link to this page

Home My WebLink AboutRDA RES 360RESOLUTION NO. 360 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 1,1998 THROUGH JUNE 30, 1999 WHEREAS, the Board has received and considered the proposed Program and Financial Plan submitted by the Executive director on June 25, 1998; 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 1998-99 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 1998-99 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 1997-98 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contract encumbered by June 30, 1998. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert Redevelopment Agency held on this 25TH day of JUNE, 1998, by the following vote, to wit: AYES: FERGUSON, KELLY, SPIEGEL, BENSON NOES: NONE ABSENT: CRITEs ABSTAIN: NONE ATTEST: SHEILA R. GTLLIGANS' ECRETARY M. BENSON, CHAIRPERSON City of Palm Desert Estimated Revenues Fiscal Year 1998-99 RES 360 Exhibit 1 ACTUAL ACTUAL : ADOPTED ;; ;-PROJECTED ADOPTED ACCOUNT NUMBE ACCOUNT DESCRIPTION FY:95-96 FY 9647 FY 97-98 FY B7-96 1FY 98-99 DEBT SERVICE FUND - ASSESSMENT DIST. 83-1 301-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 231,579 159,154 161.000 159,000 138.000 301-0000-355.09-00 PRINCIPAL&INT COLLECTION - 363 - 4.700 301-0000-361.10-00 INTEREST INCOME 8.254 1,168 2.000 3.000 301-0000-373.20-00 ADMINISTRATION FEE - 3.905 - 13.000 301-0000-373.21-00 FORECLOSURE ADMINSTRN FEE - - 301-0000-373.25-00 LESS BOND RESERVE-PRINCIP -244 -44 DEBT SERVICE FUND - ASSESSMENT DIST. 83-1 239.589 164,546 161,000 178.700 141 000 1 DEBT SERVICE FUND - ASSESSMENT DIST. 84-1R 303-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 817.251 618.022 650.100 665.000 650.1o0 303-0000-355.09-00 PRINCIPAL&INT COLLECTION 0 12.914 303-0000-361.10-00 INTEREST INCOME 41.900 7,309 303-0000-373.20-00 ADMINISTRATION FEE 0 1632 303-0000-373.21-00 FORECLOSURE ADMINSTRN FEE 0 0 303-0000-373.25-00 LESS BOND RESERVE-PRINCIP 0 -136 303-0000-379.95-00 PRIOR YR-REV/EXP REIMB.!AJ 0 0 DEBT SERVICE FUND - ASSESSMENT DIST. 84-1R 859.151 639,741 650,100 665.000 650.100 DEBT SERVICE FUND - ASSESSMENT DIST. 87-1 304-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 392,538 233,169 228,000 225.000 ' 228.000 304-0000-355.09-00 PRINCIPAL&INT COLLECTION 2,640 8,476 - 304-0000-361.10-00 INTEREST INCOME 29.465 165 304-0000-361.14-00 INT-INT ON INV W1 TRUSTEE 304-0000-373.20-00 ADMINISTRATION FEE 5,365 304-0000-373.21-00 FORECLOSURE ADMINSTRN FEE 304-0000-391.00-00 TRANSFERS IN 1.598,183 (904) DEBT SERVICE FUND - ASSESSMENT DIST. 87-1 2.022.826 246,271 228,000 225,000 228.000 DEBT SERVICE FUND - A. D. 92-1, SIERRA NOVA 306-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 242.474 241,630 244,000 242,000 244.000 306-0000-361.10-00 INTEREST INCOME 16.473 5,124 306-0000-361.14-00 INT-INT ON INV W.' TRUSTEE - 23,770 5.853 306-0000-355.09-00 PRINCIPAL&INT COLLECTION - 177,401 - 249,065 306-0000-373.21-00 FORECLOSURE ADMINSTRN FEE (19.360) DEBT SERVICE FUND - A. D. 92-1, SIERRA NOVA 258.947 428.565 244.000 496.918 244.000 DEBT SERVICE FUND - A. D. 94-1, BIGIIORN 307-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 591,239 558,569 603,000 600.000 570.000 307-0000-355 09-00 PRINCIPAL&TNT COLLECTION 130.398 501,275 446,022 - 307-0000-361. I0-00 INTEREST INCOME 22.527 19,689 5,000 5.000 307-0000-361.14-00 INT-INT ON INV W.% TRUSTEE 8.556 104,896 17,700 307-0000-373.25-0(1 LESS BOND RESERVE-PRINCIP (16,853) (43.516) (19,895) 307-0000-391.00-00 TNTERFUND OP TR IN 1.012 307-0000-393.36-00 BOND PROCEEDS - DEBT SERVICE FUND - A. D. 94-1, BIGHORN 736,879 1,140.913 603.000 1.048.827 575.000 City of Palm Desert Estimated Revenues Fiscal Year 1998-99 RES 360 Exhibit • !!!!!!:!!!ATUAL ACTUAt.:!! i!!!! A!OOFF.eOi!!!!!!! PROJECTED ADOPTED !ACCOUNT NUMB AcCOUNrDESCRIPTION!!!!! !!!!! RY!8$48!! PY..9847!!!!!!!!!! FY97.98 Y.-:;97,-913 FY 98-99 DEBT SERVICE FUND - A. D. 94-2, SUNTERRACE 308-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 15,464 227.630 240.000 232.000 210.000 308-0000-355.09-00 PRINCIPAL&INT COLLECTION 38,750 - 80.000 308-0000-361.10-00 INTEREST INCOME 12,879 536 2.000 2.000 308-0000-361.14-00 INT-INT ON INV W/ TRUSTEE - 16,256 6.814 308-0000-373.25-0() LESS BOND RESERVE-PRINCIP (2,082) (8.327) 308-0000-391.00-00 INTERFUND OP TR IN 308-0000-355.09-00 ADMINISTRATION FEE - 27,166 - 18,622 DEBT SERVICE FUND - A. D. 94-2, SUNTERRACE 28,343 308,256 ' 240,000 331,109 212.000 I DEBT SERVICE FUND - A. D. 94-3, MERANO 309-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 134,346 136,745 140.000 140,000 132.000 309-0000-361.14-00 INT-INT ON INV WI TRUSTEE 10.264 9,767 5.000 5.000 309-0000-355.09-00 PRINCIPAL&INT COLLECTION 18,127 DEBT SERVICE FUND - A. D. 94-3, MERANO 144.610 164.639 140,000 145.000 137.000 DEBT SERVICE FI1ND - C.F.D. 91-1, INDIAN RIDGE- A SERIES 351-0000-355.01-00 SPECIAL ASSESSMENT LEVIED 977,451 1,091,061 1.093,000 1.100,000 1.100.000 351-0000-361 10-00 INTEREST INCOME 48,603 240,223 10,000 59.715 75.000 351-0000-355.09-00 PRINCIPAL&INT COLLECTION 20,621 90,477 DEBT SERVICE FUND - C.F.D. 91-1, INDIAN RIDGE 1,026,054 1,351,905 1,103,000 1,250.192 1.175.000 DEBT SERVICE FUND - C.F.D. 91-1, INDIAN RIDGE -B SERIES I 352-0000-36 I.14-0() INT-INT ON INV W/ TRUSTEE 352-0000-355-01-00 SPECIAL ASSESSMENT LEVIED DEBT SERVICE FUND - C.F.D. 91-1, INDIAN RIDGE 57.529 2.836,312 2,893.841 DEBT SERVICE FUND - PAI,NI DESERT FINANCE AUTH.-RDA 390-0000-361.14-00 INT-INT ON INV WI TRUSTEE 390-0000-391.01-01 TR IN RAI 92TAB PRIN PMT 390-0000-391.01-02 TR IN PRA192TAB INT PMT 390-0000-391.02-01 TR IN RA2 92TAB PRIN PMT 390-0000-391.02-02 TR IN RA2 92TAB INT PMT 390-0000-391.03-02 TR IN PIAS24.025M 95 INT 390-0000-391.04-02 TR IN P2 95$4.09M TA INT 390-0000-391.04-02 TR IN P2 95S6.305M TA PRIN 390-0000-391.05-02 TR IN L/M 95 $6.305M INT 390-0000-393.36-00 BOND PROCEEDS DEBT SERVICE FL ND - PALM DESERT FINANCE A DEBT SERVICE FUND - PALM DESERT FINANCE AUTH-CITY 391-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 391-0000-391.00-00 INTERFUND OP TR IN 391-0000-391.06-02 TR IN AD83-1 95$7.45M INT 391-0000-391.08-02 TR IN AD84-1R95$7.54M INT 391-0000-391.09-02 TR IN AD87-1 95$7.54M INT 391-0000-391-10-01 TR IN COMBINE PRINCIPAL DEBT SERVICE FUND - PALM DESERT FINANCE A 96.288 58.389 2,767.191 1.609,703 7,540.000 10.403.479 1,668,092 140,764 140,764 52.000 850.000 987,616 850,000 1.039,616 850.000 850.000 1.947.764 2,558,748 500,000 1.000.000 500.000 1,425,000 1,580,000 1.580,000 550.000 550.000 6,547.400 5,760,322 6.244,548 2,500.000 2.500.000 265.000 280,000 280,000 290,000 290,000 1,002.309 991,685 992,470 979.174 980,000 416,649 1,494,730 1,563,820 1.400,000 1,400.000 151,196 589,728 239,940 239,771 240.000 385.000 385.000 179,000 233,531 285.148 300.000 6,305,000 - 120.715.000 - 18.239318 13.488.744 11.400.778 128.344.093 7 145.000 626.500 5s0.000 345,000 600.108 30.332,603 971,500 31,482.711 SSI(1111t1 600.108 1.150.108 City of Palm Desert Estimated Revenues Fiscal Year 1998-99 RES 360 Exhibit 1 ACCOUNT NUMBS ALCOUfil`#':DESCI flON :. F'Y 95,98' ` FY9647 FY 97*.9H' `.• FY:97,98. •FY 98-99 RDA PROJECT AR :A #1 850-0000-335.95-00 REIMB FROM OTHER GOV1' 52,507 60,500 850-0000-341.15-00 SALE OF MAPS & PUBLICATNS 33 6 - 25 850-0000-349.95-07 C.O.D. -LIBRARY REIMB 996.305 4,847 28,000 70.000 71.000 850-0000-349.95-09 REIMB FR DSUSD 399,480 - - 850-0000-349.95-15 RIVERSIDE CO -LIBRARY REIM 1,341,179 6,525 169.000 164.000 167.000 850-0000-361.10-00 INTEREST INCOME 5.314 28.177 50,000 29.000 29.000 850-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 2.500,007 1,211,575 1.000.000 1.000.000 750.000 850-0000-361.16-00 INTEREST NON -POOLED 175 7,774 150 - 850-0000-363.20-00 RENTAL OF REAL PROPERTY 4,002 4,200 4,000 4,300 4.000 850-0000-379.90-00 RESTITUTION DAMAGES/LITIG 134,609 78.497 - 400 850-0000-379.95-00 MISCELLANEOUS REVENUE 416,018 3.000 850-0000-391.00-00 INTERFUND OP TR IN 10,061,425 399,000 407.000 850-0000-393.36-00 BOND PROCEEDS - 850-0000-393.37-00 PROCEEDS FROM ADVANCE 250,000 - - RI)A PROJECT AR 1:A #1 5.381.104 12,121,551 1,251,000 1.730.375 1,428.000 RDA PROJECT AREA #2 851-0000-341.15-00 SALE OF MAPS & PUBLICATNS 5,012 - - 851-0000-361.10-00 INTEREST INCOME 10,649 - 20,000 20.000 851-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 266.109 284,174 100.000 130.000 851-0000-377.70-0(1 INTEREST NON -POOLED 63,915 8.483 - 10.000 851-0000-391.00-00 INTERFUND OP TR IN 2.818,533 15,296,558 2.000.000 851-0000-392.11-00 SALE OF FIXED ASSETS -LAND 7,775,000 851-0000-393.36-00 BOND PROCEEDS - - 851-0000-393.37-00 PROCEEDS FROM ADVANCE - 2,055,000 - - RDA PROJECT AREA #2 3,159.206 17,649,227 120,000 9,935,000 RDA PROJECT AREA #3 853-0000-361.10-00 (INTEREST INCOME RDA PROJECT AREA #3 7,805 7.805 7,805 7,805 3.000 3.000 4.000 4.000 20.000 100.000 120,000 4.000 4.000 RDA PROJECT AREA #4 854-0000-361.10-00 'INTEREST INCOME 4.964 4,964 1.000 3.400 3.40u RDA PROJECT AREA #4 4.964 4.964 1.000 3 400 t 400 ACCOUNT NUMBS AGOGUNT DESCRIPTION':. DEBT SERVICE FUND - PROJECT AREA #1 City of Palm Desert Estimated Revenues Fiscal Year 1998-99 ACTUAL ACTUAL ADOPTED PROJECTED ADOPTED I .Y 98-9E FY 87 FY 974B FY B7:9B FY 98.99 860-0000-317.10-00 TAX INCREMENTS 5,425,394 5,648,890 5.739,000 860-0000-317.11-00 TAX INCREMENTS PJ#1 ANNEX 11,114.324 11,077,448 11.289.000 860-0000-361.10-00 INTEREST INCOME 24,348 390,628 500,000 860-0000-361.11-00 INTEREST - BROTHERS 180,073 - - 860-0000-363.20-00 RENTAL OF REAL PROPERTY 584,363 - 860-0000-379.90-00 RESTITUTION DAMAGES/LITIG 227,795 685,653 - 860-0000-379.97-11 REIMB DSUSD TR 92TAB PRIN - 34,177 35.000 860-0000-379.97-12 RF,IMB DSUSD TR 92TAB INT 157,421 124,638 157,000 860-0000-379.97-13 REIMB CNTY TR 92TAB PRIN - 66,088 66,000 860-0000-379.97-14 REIMB CNTY TR 92TAB INT 304,406 241,014 304,000 18,018.124 18,268, 536 18.090,000 DEBT SERVICE FUND - PROJECT AREA #1 DEBT SERVICE FI'ND - PROJECT AREA #2 861-0000-317.10-00 861-0000-361.10-00 861-0000-391.00-00 TAX INCREMENTS INTEREST INCOME 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 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-D0 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 REDEVELOPMENT HOUSING AUTHORITY 871-8620-363.20-00 RENTAL/LEASE OF APARTMT 871-8630-363.20-00 RENTAL/LEASE OF APARTMT 871-8640-363.20-00 RENTAL/LEASE OF APARTMT 871-8650-363.20-00 RENTAL/LEASE OF APARTMT 871-8660-363.20-00 RENTAL/LEASE OF APARTMT 871-8670-363.20-00 RENTAL/LEASE OF APARTMT 871-8680-363.20-00 RENTAL/LEASE OF APARTMT 871-8690-363.20-00 RENTAL/LEASE OF APARTMT 871-0000-361-10-00 INTEREST INCOME 870-0000-391.00-00 INTERFUND OP TR IN 'REDEVELOPMENT HOUSING AUTHORITY ** 5,881.134 11,459,944 100,000 35.000 165.566 66.000 314.915 18.022.559 RES.360 Exhibit 1 5.998.757 11.689.143 100,000 35.000 157,000 66.000 304.000 18.349 000 5,113.949 5,459,805 5.566.500 6.087.540 6209.291 106,258 (15,585) 100,000 100.000 100.000 5.220.207 5,444.220 5.666.500 6.187.540 6.309.291 550,528 26,815 577.343 1,235,179 30,715 1,265.894 552,166 31.829 583,995 1,152,613 36,432 1,189,045 39,153 450,232 1 1 1,460 17,769 22.528 9.575 1,031.764 25,483,296 1.985 16,998 560,900 30,000 590,900 1,172,800 100,000 1,272,800 610.500 15.000 625.500 1,489,700 50,000 1,539,700 622.710 30.000 652,710 1,519,494 100.000 1.619.494 4,980,500 5.169,635 5.273.028 300,000 52,000 55.000 30,000 50,000 300.000 100.000 4.006 4.329 60,000 3.587.120 60.000 23.024 7,379.244 355,019 3,416.452 3.458.245 - 1,022,789 1.091,961 110.106 110,433 247.036 230.523 - 13.382,517 31,224.051 5.340,500 9,170,1 14 5.538.028 201.780 209.104 550,500 83.582 1.931.040 38,964 54.000 3.068.970 I I . • PALM.. DESERT REDEVELOPMENT::40ENcy: FOR.FISCALYEAR 1998. 199 RES911-* . DEPARTMENT TITLE REDEVELOPMENT AGENCY' .f101465"' 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 Housing Authority Total Redevelopment Agency Funds \bud9Cbud-exhi.xhv Transfer In(Out) 357,800 587,500 71,000 201,600 (357,800) (587,500) (71,000) (201,600) (3,800,000) PPILOPILIATION FY I916-99 29,926,217 7,470,001 325,000 4,611,045 15,463,892 4,783,173 845,957 1,607,846 4,220,257 2,235,656 71,489,044 I RESOLUTION NO. 360 RESOLUTION NO. 360 CITY OF PALM DESERT PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FISCAL YEAR 1998-99 NEW PROJECTS YEAR 1 OF 5 PROPOSED PROJECT LIST TRAFFIC SIGNALS: " Hwy 111 at Desert Crossing / Traffic Signal & Driveway Modifications * Traffic Signal Coordination * Beacon Hill & Hovley Lane East * Corporate Way & Hovley Lane East * COD Driveway & Fred Waring Drive STREET & BRIDGE PROJECTS: * Major street sidewalks Fred Waring Drive (Southside); Portola to San Pablo (check ROW); El Paseo (Southside) Hwy 74 to Painters Path * Fred Waring - California to Elkhom (North) * Cook Street & 42nd Avenue / Mayfair Dr / Green Way * Monterey Ave NB from Hwy 111 to Palm Desert Town North Driveway (Design & Construction) Monterey Ave & Country Club ' NB Portola Avenue - widening San Marino Circle to El Cortez (Design & ROW acquisition) Washington - Country Club to Whitewater " Gerald Ford - Portola to Cook * CVAG payments for 1-10 Interchange MAJOR STREET LANDSCAPING PROGRAMS: * El Paseo Palm Tree Program " Hovley Lane East: Portola Avenue to Cook St. Median * Cook St: Country Club Dr. to Hovley Lane East Median * Country Club Dr: Portola Avenue to Cook St. Median * Country Club Dr: Cook St. to Washington St. (Cook to Oasis & Whitehawk) * 1-10 at Monterey, Cook & Washington Entry Art & Landscaping * Neighborhood Traffic Control Joni Drive Extension * Perimeter Landscaping * West side Washington St. Improvements between Delaware Place & Mountain View DRAINAGE *PDCC - Warner Trail/Fred Waring to Whitewater Channel (Drainage Area "L") Nuisance water inlet/drywell program PARKS *Skate Park / Roller Hockey Neighborhood Park Land Purchase for Regional Park BUILDINGS *Civic Center Park - Equipment Storage Building PARKING: *Town Center Parking FUNDING SOURCES Traffic Signal Fund 234 Traffic Signal Fund 234 Traffic Signal Fund 234 Traffic Signal Fund 234 Traffic Signal Fund 234 Year 2000 Fund 400 RDA PJ#4 Fund 854 Measure A Fund 213 Measure A Fund 213 Measure A Fund 213 Rancho Mirage/ Fund 213 Measure A Fund 213 Loan From CVAG/ Fund 213 Measure A Fund 213 RDA PJ#1 Fund 850 Construction Tax FD 231 Construction Tax FD 231 Construction Tax FD 231 Construction Tax FD 231 Construction Tax FD 231 Construction Tax FD 231 Art In Public Places FD 436 Year 2000 Fund 400 RDA PJ#3 Fund 853 RDA PJ#4 Fund 854 RDA PJ#4 Fund 854 RDA PJ#4 Fund 854 Drainage Fund 420 Park Fund 233 Park Fund 430 RDA PJ#4 Fund 854 RDA PJ#4 Fund 854 Construction Tax FD 231 $ 175,000 100,000 $ 100,000 100,000 Total CY&PY $ 300,544 199,456 $ 500,000 $ 425,000 $ 765,350 CURRENT YR PRIOR YR FY 97-98 FUNDING $ 75,000 100,000 150,000 150,000 150,000 $ 250,000 435,000 500,000 440,000 275.000 775,000 2,000,000 640,000 250,000 400,000 190,000 170,000 260,000 460,000 200,000 100,000 250.000 374.000 300,000 2. 200, 000 300.000 150,000 425,000 765,350 85,000 RDA PJ#1 Fund 850 11,000,000 150,544 199.456 RESOLUTION N0. 360 PROPOSED PROJECT LIST HOUSING * Multi -family Rehabilition CITY OF PALM DESERT PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FISCAL YEAR 1998-99 NEW PROJECTS YEAR 1 OF 5 FUNDING CURRENT YR PRIOR YR SOURCES FY 97-98 FUNDING Housing Fund 870 1,800.000 TOTAL PROJECTS $ 25,619,350 $ 350.000 RECAP OF FUNDING SOURCES CITY RDA Measure A Fund 213 4,630,000 Construction Tax FD 231 1,665,000 Park Fund 233 150,000 $ 150.544 Traffic Signals FD234 625,000 Year 2000 Fund 400 350,000 Drainage Fund 420 300,000 Park Fund 430 - 199,456 Art In Public Places FD 436 100,000 7,820,000 RDA PJ#1 FD850 RDA PJ#3 FD853 RDA PJ#4 FD854 Housing Fund870 11,250,000 250,000 4,499,350 1,800,000 $ 17,799,350 TOTAL RECAP OF FUNDING SOURCES $ 25,619,350 $ 350,000 RESOLUTION NO. 360 BOND FUNDED CAPITAL IMPROVEMENT PROJECTS Total Alt Bonds 0 c m 45,461,717.55 4,406,045.28 4,115,505.67 24,631,987.48 2,646,996.75 9,661,182.37 Balances In Bond As of 1/31/98 PROJECTS TO BE PAID FROM BOND FUNDS: 3,100,000.00 5,000,000.00 U) O O O O O 0 0 0 0 0 N O O O O M 0 O O 0 O CD Co CO O O M (O O O O O O M O M 0 N CD R O N M M O O CO N O O O O M O O r- N O O F— a; O O O 8 r N 1,000,000.00 Admin Costs of Projects 5% Desert Sands Unified S.D. "" M 2,520,000.00 Desert Willow Clubhouse Desert Willow Public Infrastructure 1,799,257.50 Desert Willow 5% Private Use El Paseo & Hwy 74 Land & Const 5,000,000.00 2,106,045.28 O 0 8 8 8 0 N O O O O O O O O 0 0 0 0 O O O O O O O r- O CO CD Co O K) M O O M CD O O 00 CO N Co O O O O O Co O M O O IC') U) (f) CD M N CD O 1- !` , M (V Land Purchase for Park 5,000,000.00 Shah Project O 5,700,000.00 6,310,388.11 O (0 O) CA 45,461,717.55 , 4,406,045.28 N (O• CD CD ti , n- I to [8 CO pCpp p p a 0 10 A O v CO sO CO CA M N 2,646,996.75 9,661,182.37 26,587,512.48 n 8 r `N 1) o L • N• i!) 0) o id a ONI N - S 0) — (V • U t w O 61 u v o p • a c 0) 8 f^+) c nn (V ▪ rN On O groS c 0 , m 2 � 0 6 O ▪ V 8 O m - 2 yt L. LA.L. • n S Q O N Wmm !!!! QJ . Qy7 m R y 60 t m n 0 > • 2 C ; m LL 3 c 8i LL �' _ r O S w yycei • c E LL N ▪ c ,, i U m w CC Q L •a C s. 6/17198 3 30 PM BDGRO99bTmm 82 ALM DESERT REDEVELOPMENT AG!NCI Res 0 360 CAPITAL IMPROVEMENT PROGRAM Exhibit 3 EXISTING PROJECTS IN FISCAL YEAR 1997-98 CONTINUED TO FY 1998-1999 PROJECT TITLE BUILDINGS & OTHER IMPROVEMENTS Section IV Golf Course etc Public Parking - The Gardens Desert Willows Club House Desert Crossing Improvements ESTIMATED ACCOUNT FUNDING FY 1997-98 PROJECT NUMBERS SOURCES to FY98-99 TOTAL FOR • SEE NOTE LIFE OF PROJECT 30,000,000 850-4663-454-4001, 851-4663-454-4001 851-4619-433-4001 5,000,000 850-4361-433-4001 400-4663-454-4001 850-4622-433-4001 • NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER FROM FISCAL YEAR 1997-98 TO 1998-99 RDA PJ Area #1 8.001,478 RDA PJ Area #2 9.569,004 RDA PJ Area #2 13 835.1 17 RDA PJ Area #1 5.000.000 2000 Plan Res. FD 400 6 481 382 RDA PJ Area #1 43 450 TOTAL 42.930 431 Continuing appropnahons are amounts which have been appropnated in FY 1997-98 and are not expected to be expended by June 30. 1998 These funds are primarily for capital budgets and specific programs that overlap fiscal years When authorized. continuing appropriation amounts are added to the new fiscal year budget amounts in order to track all approved spending The exact amount of appropnahons 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 1) purchase orders and contracts encumbered totals and 2) unencumbered balances as of June 30, 1998 for appropriations approved by Council through the last meeting in June 1998