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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