HomeMy WebLinkAboutRDA RES 419RESOLUTION NO. 419
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, 2001 THROUGH JUNE 30, 2002
WHEREAS, the Board has received and considered the proposed Program and Financial
Plan submitted by the Executive Director on June 28, 2001; 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 2001-2002 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 2001-2002 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 2000-2001 Fiscal
Year. The amounts included in this exhibit include all unexpended amounts from purchase
orders and contracts encumbered by June 30, 2001.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Redevelopment Agency held on this 28th day of June, 2001, by the following vote, to wit:
AYES: BENSON, CRITES, SPIEGEL, KELLY
NOES: NONE
ABSENT: FERGUSON
ABSTAIN: NONE
Ety-ST:
/ SHEILA GILLI CLERK
CITY OF PALM DES R , CALIFORNIA
RI HARD S. KLLLY, MAXOR PRO-TEMPORE
G 1F,nancelDeb BradleylBudge(Tres-rdafinplan0102 wpd
xviii
City of Palm Desert
Estimated Revenues
RDA RES.! 419
Exhibit 1
390-0000-391.01-00
390-0000-391.xxxx
390-0000-391.xxxx
390-0000-391.xxxx
390-0000-391.xxxx
390-0000-391.xxxx
390-0000-391.xxxx
390-0000-391.xxxx
DEBT SERVICE FUND - PALM DESERT FINANCE AUTH.-RDA
Interest & Rentals
390-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 774,105
Interfund Transfers In
INTERFUND OP TR IN
Transfer In - Proj #1 Interest
Transfer In - Proj #1 Principal
Transfer In - Proj #2 Interest
Transfer In - Proj #2 Principal
Transfer In - Proj #4 Interest
Transfer In - Housing - Interest
Transfer In - Housing - Principal
DEBT SERVICE FUND - PALM DESERT FINANCE AU
RDA PROJECT ARE #1
Charges for Services
850-0000-335.95-00 REIMB FROM OTHER GOVT 15,254
850-0000-341.15-00 SALE OF MAPS & PUBLICATNS
850-0000-349.95-07 C.O.D. -LIBRARY REIMB
850-0000-349.95-15 RIVERSIDE CO -LIBRARY REIM
850-0000-379.90-00 RESTITUTION DAMAGES/LITIG
850-0000-379.95-00 MISCELLANEOUS REVENUE
Interest & Rentals
850-0000-361.10-00 INTEREST INCOME -
850-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 1,462,020
850-0000-361.16-00 INTEREST NON -POOLED 208,590
850-0000-363.20-00 RENTAL OF REAL PROPERTY 4,386
850-0000-391.00-00 Interfund Transfers In
Other Financing
850-0000-393.37-00 PROCEEDS FROM ADVANCE
RDA PROJECT AREA #1
2,836,152
6,379,538
575,000
725,941
778,826
587,565
269,201
400,000
13,326,328
12,267,041
3,522,774
18,470,783
RDA PROJECT AREA #2
Charges for Services
851-0000-341.15-00 SALE OF MAPS & PUBLICATNS 385,922
851-0000-392.11-00 SALE OF FIXED ASSETS -LAND 11,404,000
Interest & Rentals
INTEREST INCOME
INT-INT ON INV W/ TRUSTEE
INTEREST NON -POOLED
INTERFUND OP TR IN
IROC INTEREST ON NOTE
Other Financing
851-0000-393.37-00 PROCEEDS FROM ADVANCE
RDA PROJECT AREA #2
851-0000-361.10-00
851-0000-361.14-00
851-0000-377.70-00
851-0000-391.00-00
RDA PROJECT AREA #3
853-000-391.00-00 Inter fund Transfers In
853-0000-361.10-00 INTEREST INCOME
RDA PROJECT AREA #3
864,339 500,000 600,000 350,000
2,862,249 14, 525, 046 14,000,000
6,469,754
2,400,000
1,189,808
340,000
555,074
251,884
420,000
15,353,108 15,025,046 14,600,000
103,512
15,254
1,224,252
277,402
7,008
14,498,583
14,848,583
120,000 120,000 120,000
415,000 415,000 415,000
30,000
400,000 1,100,000 400,000
4,163,940 750,000 1,500,000 1,500,000
174,857
3,347,917
18,470,783 1,715,000 3,135,000 2,435,000
343,640 20,000
211,012 300,376 100,000 75,000 50,000
10,211
5,892,761 10,276,265 750,000 365,000
200,000 100,000 187,380
31,336
17,903,906 10,951,617 320,000 925,000 602,380
43,144 40,000 25,000 45,000
6,208 5,000 1,000 1,000
6,208 43,144 45,000 26,000 46,000
City of Palm Desert
Estimated Revenues
RDA RES. 419
Exhibit 1
RDA PROJECT AREA #4
854-0000-391.00-00 Interfund Transfers in
854-0000-361.10-00 INTEREST INCOME
RDA PROJECT AREA #4
71,433
71,433
802,953
217,421
1,020,374
130,000
5,000
135,000
152,300
200,000
352,300 130,000
130,000
IDEBT SERVICE FUND - PROJECT AREA #1
Taxes
860-0000-317.10-00 TAX INCREMENTS 5,879,386 5,807,209 5,921,011 6,556,740 6,687,874
860-0000-317.11-00 TAX INCREMENTS PJ#1 ANNEX 11,467,415 12,025,622 12,256,581 16,872,216 17,158,661
Interest & Rentals
860-0000-361.10-00 INTEREST INCOME 297,969 314,032 100,000 150,000 100,000
Charges for Services
860-0000-379.90-00 RESTITUTION DAMAGES/LITIG 384,352 1,176,926
860-0000-379.97-11 REIMB DSUSD TR 92TAB PRIN
860-0000-379.97-12 REIMB DSUSD TR 92TAB INT 176,373 165,319 166,000 166,000 166,000
860-0000-379.97-13 REIMB CNTY TR 92TAB PRIN
860-0000-379.97-14 REIMB CNTY TR 92TAB INT 335,449 314,105 317,000 314,000 319,000
DEBT SERVICE FUND - PROJECT AREA #1 18,540,944 19,803,213 18,760,592 24,058,956 24,431,535
DEBT SERVICE FUND - PROJECT AREA #2
Taxes
861-0000-317.10-00 TAX INCREMENTS 6,108,774 6,665,145 6,793,424 8,045,811 8,206,728
Interest & Rentals
861-0000-361.10-00 INTEREST INCOME 46,646 50,000 40,000 40,000
INTERFUND - Transfer In
861-0000-391.00-00 INTERFUND OP TR IN 2,672 (5,408)
DEBT SERVICE FUND - PROJECT AREA #2 6,158,092 6,659,737 6,843,424 8,085,811 8,246,728
DEBT SERVICE FUND - PROJECT AREA #3
863-0000-317.10-00 TAX INCREMENTS 617,709
863-0000-361.10-00 INTEREST INCOME 21,491
DEBT SERVICE FUND - PROJECT AREA #3 639,200
DEBT SERVICE FUND - PROJECT AREA #4
864-0000-317.10-00 TAX INCREMENTS 1,509,384
864-0000-361.14-00 INTEREST ON SPECIAL ESCROW
864-0000-361.10-00 INTEREST INCOME I 36,185
DEBT SERVICE FUND - PROJECT AREA #4 1,545,569
REDEVELOPMENT HOUSING SET -ASIDE FUND
Taxes
870-0000-318.29-00 HOUSING MITIGATION FEE
Interest & Rentals
INTEREST INCOME
INT-INT ON INV W/ TRUSTEE
INT-FR LOAN/NOTES REC(HIP)
RENTAL OF PROPERTY-Portola
Charges for Services
870-0000-361.10-00
870-0000-361.14-00
870-0000-361.15-00
870-0000-363.20-00
418,443
8,000
16,291
715,096
22,995
738,091
2,437, 892
42,653
2,480,545
100,845
8,058
56,573
748,971
728,971
1,040,461 1,061,271
20,000 15,000 15,000
1,055,461 1,076,271
2,623,699 5,049,750 5,150,753
250,000
30,000 30,000
2,903,699 5,079,750
5,000
100,000
10,000
45,000
5,000
9,000
28,000
30,000
5,180, 753
10,000
10,000
28,000
• uy ui ram Lesert
Estimated Revenues
RDA rcta•' 419
Exhibit 1
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
870-0000-391.10-13
870-0000-391.10-14
'REDEVELOPMENT
REDEVELOPMENT
871-8620-363.20-00
871-8630-363.20-00
871-8640-363.20-00
871-8650-363.20-00
871-8660-363.20-00
871-8670-363.20-00
871-8690-363.20-00
871-0000-361-10-00
870-0000-391.00-00
'REDEVELOPMENT
PROCEEDS-LOANS/NOTES REC
MISC REIMBURSEMENTS
MISC REVENUE -OTHERS
INTERFUND - Transfer In
INTERFUND OP TR IN
OP IN P#1 TI LM SET -ASIDE
TR IN P#2 TI LM SET -ASIDE
TR IN P#3 TI LM SET -ASIDE
TR IN P#4 TI LM SET -ASIDE
HOUSING SET -ASIDE FUND
646,705
9,841
5,992,235
805,140
3,586,948
1,221,755
123,542
301,877
13,130, 777
453,211
9,200
53,000 - 34,000
3,566,566 3,635,518 4,603,443 4,768,000
1,333,029 1,358,685 1,584,065 1,641,000
143,019 145,794 209,798 212,000
487,578 524,740 995,181 1,030,200
6,148,879 5,877,737 7,443,687 7,733,200
HOUSING AUTHORITY
Interest & Rentals
RENTAL OF APARTMT-Catalina 229,812 232,402 241,158 250,183
RENTAL OF APARTMT-Desert Pt 252,085 244,672 261,225 286,461
RENTAL OF APARTMT-Las Serenas 607,561 596,530 627,827 695,525
RENTAL OF APARTMT-Neighbors 76,439 97,527 97,174 111,662
RENTAL OF APARTMT-1 Quail 2,088,607 2,219,391 2,350,508 2,645,503
RENTAL OF APARTMT-Pueblos 40,954 39,825 40,276 41,420
RENTAL APARTMT-Taos Palms 54,437 57,313 61,818 75,606
INTEREST INCOME 37,256 66,421 90,000 90,000 90,000
INTERFUND - Transfer In
'INTERFUND OP TR IN 47,537,213
HOUSING AUTHORITY 47,574,469 3,416,316 3,577,660 3,769,986 4,196,360
FUND NAME
f REDEVELOPMENT AGENCY FUNDS 1
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
1
I APPROPRIATIONS
FY 2001-02
1
22,112,050
565,000
46,000
1,438,000
22,877,874
7,620,909
816,587
4,908,050
9,180,418
69,564,888 I
Res. 419
REDEVELOPMENT AGENCY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2000.01 CONTINUED TO FY 2001-2002
PROJECT TITLE
RDA Proiect Area #1 Fund 850
Undergrounding
El Paseo & Hwy 111 Land Development
Parking Spaces
Fred Waring Street Improvement
RDA Projects
Open Space Land Acquisition
Business Enhance Loan Program
Architectural Review Loan Program
Library Repairs
RDA Project Area #2 Fund 851
None
RDA Proiect Area #4 Fund 854
Land Purchase for Regional Park
Land Purchase for Regional Park
Regional Park
RDA Projects
RDA SR Housing Fund 870
HIP -Make A Difference
Multi -family Rehabilitation
Rental Rehab. Program
20/40 Acre Development
TOTAL EXISTING PROJECTS
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
46,437 850-4262-422.40-01
4,250,000 850-4358-433.40-01
500,000 850-4361-466.40-01
5,265,000 850-4384-433.40-01
1,075,000 850-4627-466.40-01
2,482,000 850-4673-454.40-10
950,000 850-4800-454.38-75
50,000 850-4800-454.30-90
680,000 850-4662-454.40-01
340,350 854-4670-454.40-01•"
659,650 854 4670-454.40-01"'
5,000,000 854-4670-454.40-01
2,238,582 854-4627-466.40-01
392,691 870-4492-464.30-90
615,523 870-4495-464.40-01"
93,984 870-4495-464.40-20"
2,000,000 870-4698-466.40-01
' NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2000-01 TO 2001-02
FUNDING
SOURCES
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#4
RDA PJ Area#4
RDA PJ Area#4
RDA PJ Area#4
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
" CHANGED ACCOUNT NUMBERS FROM 870-4494-464.40-01/40-20 TO 870-4495-464.40-01/40-20
"' CHANGED ACCOUNT NUMBERS FROM 854-4495-499.40-10 & 854-4673-454.40-01 TO 855-4670-454.40-10
Continuing appropriations are amounts which have been appropriated in FY 2000-01 and are not expected to be expended by
June 30, 2001. These funds are primarily for capita! 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 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: 1) purchase orders and contracts encumbered totals and
2) unencumbered balances as of June 30, 2001 for appropriations approved by the Redevelopment Agency through the last meeting in
June, 2001.
Exhibit 3
FY 2000-01
to FY01-02
• SEE NOTE
39,937
4,105,663
400,000
2,147,083
1,075,000
1,996,904
950,000
50,000
508,593
340,350
659,650
5,000,000
2,238,582
381,302
474,213
29,249
1,980,150
$22,376,676 I