HomeMy WebLinkAboutRDA RES 573RESOLUTION NO. 573
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, 2010 THROUGH JUNE 30, 2011
WHEREAS, the Board has received and considered the proposed Program and Financial Plan
submitted by the Executive Director on June 24, 2010; 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 2010-2011 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 2010-2011 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 2009-2010 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase orders and
contracts encumbered by June 30, 2010.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Redevelopment Agency held on this 24 day of June, 2010, by the following vote, to wit:
AYES: BENSON, FERGUSON, KELLY, SPIEGEL, and FINERTY
NOES: NONE.
ABSENT: NONE
ABSTAIN: NONE
CINDY FINERT
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
CITY OF PALM DESERT, CALIFORNIA
res-rdafinplan 1 0- 1 1 )4/
Resolution No. 573
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY / FUND
Project Area 1 Fund:
1. Interest
2. Transfers In
Total Proiect Area 1 Fund
Project Area 2 Fund:
1. Reimbursements
2. Interest
Total Proiect Area 2 Fund
Proiect Area 3 Fund:
1. Interest
2. Transfers In
Total Project Area 3 Fund
Proiect Area 4 Fund:
1.Interest
2. Transfers In
Total Proiect Area 4 Fund,
Actual Budget Projected Budget
FY 08-09 FY 09-10 FY 09-10 FY 10-11
2,258,733
2,258,733
2,000,000
2,000,000
Page 1-21
Resolution No. 573
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
Financing Authority RDA:
1 Transfer In
3. Interest
Total Debt Service 1 Fund
Debt Service 1 Fund:
1. Tax Increment
Total Debt Service 1 Fund
Debt Service 2 Fund:
1. Tax Increment
Total Debt Service 2 Fund
Debt Service 3 Fund:
1. Tax Increment
2.Interest
Total Debt Service 3 Fund
Debt Service 4 Fund:
1. Tax Increment
2. Interest
Total Debt Service 4 Fund
Housing Fund:
1. Transfers In
Total Housing Fund
Actual Budget Projected Budget
FY 08-09 FY 09-10 FY 09-10 FY 10-11
6,216,128 34,145,777 33,862,994 33,862,994
6,216,128 34,145,777 33,862,994 33,862,994
52,192,365 48,232,687 50,704,963 48,301,598
52,192,365 48,232,687 50,704,963 48,301,598
19,493,421 18,152,420 18,074,480 17,217,849
19,493,421 18,152,420 18,074,480 17,217,849
4,697,664 4,147,762 4,657,556 4,437,017
4,697,664 4,147,762 4,657,556 4,437,017
13,753,607 12,573,199 13,003,361 12,386,878
13, 753, 607 12, 573,199 13, 003, 361 12, 386, 878
18,235,619 16,621,213 16,621,213 16,423,669
18,235,619 16,621,213 16,621,213 16,423,669
Page 1-22
Exhibit 2 - RES .573
PALM DESERT REDEVELOPMENT AGENCY APPROPRIATIONS
FOR FISCAL YEAR 2010-2011
FUND NAME
'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
APPROPRIATIONS
FY 2010-2011
3,828,640
10,804,100
146,500
350,500
44,357,216
16,710,237
3,649,567
11,751,013
14,575,235
106,173,008
REDEVELOPMENT AGENCY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2009-10 CONTINUED TO FY 2010-2011
Exhibit 3
RES.. NO.573
PROJECT TITLE
ESTIMATED ACCOUNT FUNDING FY 2009-10
PROJECT NUMBERS SOURCES to FY10-11
TOTAL FOR ' SEE NOTE
LIFE OF
PROJECT
RDA Proiect Area #1 Fund 850
Fire Station #33 Renovation 900,000 850-4220-464.40-01 RDA PJ Area#1 900,000
Portola Ave Improvements & sidewalk 974,135 850-4438-433.40-01 RDA PJ Area#1 974,135
Fred Waring & Monetery Ave. Turn Pockets 572,710 850-4383-433.40-01 RDA PJ Area#1 572,710
Alessandro Alleyway 5,681,708 850-4341-433.40-01 RDA PJ Area#1 5,271,187
Entrada del Paseo Continuing 850-4358-433.40-01 RDA PJ Area#1 150,000
Monterey Widening (CC to Ford) 1,000,000 850-4363-433.40-01 RDA PJ Area#1 987,225
Property Acquisition Continuing 850-4495-464.40-01 RDA PJ Area#1 2,360,968
Portola Properties/Adobe Villas 220,000 850-4627-466.40-01 RDA PJ Area#1 134,928
El Paseo Revitalization 5,000,000 850-4679-464.40-01 RDA PJ Area#1 4,429,587
Police Academy (COD) 500,000 850-4800-454.39-04 RDA PJ Area#1 100,000
RDA Proiect Area #2 Fund 851
Fire Station #71 Renovation 900,000 851-4220-464.40-01 RDA PJ Area#2 900,000
NS Fire Station 7,174,924 851-4270-422.40-01 RDA PJ Area#2 7,174,924
Portola CAP 1-10 4,300,000 851-4351-433.40-01 RDA PJ Area#2 4,300,000
Monterey Improve - Fred Waring to CC 500,000 851-4368-433.40-01 RDA PJ Area#2 500,000
Monterey/Country Club to G. Ford 500,000 851-4363-433.40-01 RDA PJ Area#2 500,000
DW - Perimeter Landscaping 170,000 851-4388-433.40-01 RDA PJ Area#2 55,726
Monterey 0 1-10 2,000,000 851-4389-433.40-01 RDA PJ Area#2 769,584
Aquatic Facility 6,000,000 851-4549-454.40-01 RDA PJ Area#2 6,000,000
NS Infrastructure (DW Well Sites) 2,097,364 851-4619-433.40-01 RDA PJ Area#2 1,323,189
DW - Lakeview Terrace Expansion 1,190,570 851-4663-454.40-01 RDA PJ Area#2 285,570
DW - Kitchen Expansion 3,950,000 851-4663-454.40-01 RDA PJ Area#2 195,400
DW - Overflow Parking 2,169,751 851-4663-454.40-01 RDA PJ Area#2 669,751
Police Academy (COD) 500,000 851-4800-454.39-04 RDA PJ Area#2 500,000
RDA Proiect Area #3 Fund 853
Portola 1-10
Cook Street Improvements
Police Academy (COD)
RDA Proiect Area #4 Fund 854
Underground Neighborhood
Casey's Restaurant
Kansas Street Pocket Park
Police Academy (COD)
TOTAL EXISTING PROJECTS
8,200,000 853-4351-433.40-01
3,000,000 853-4385-433.40-01
500,000 853-4800-454.39-04
13,380,000 854-4256-464.40-01
Continuing 854-4495-499.40-10
250,000 854-4625-454.40-01
500,000 854-4800-454.39-04
NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2009-10 TO 2010-11
RDA PJ Area#3
RDA PJ Area#3
RDA PJ Area#3
8,200,000
2,690,535
500,000
RDA PJ Area#4 13,296,874
RDA PJ Area#4 110,755
RDA PJ Area#4 122,111
RDA PJ Area#4 500,000
Continuing appropriations are amounts which have been appropriated in FY 2009-10 and are not expected to be expended by
June 30, 2010. 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 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, 2010 for appropriations approved by the Agency through the last meeting in
June, 2010.
I $64,475,159
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2010
Note:Above amounts are as of March, 2010