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HomeMy WebLinkAboutSA-RDA 003RESOLUTION NO. SA -RDA 003 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY ADOPTING AN ENFORCEABLE OBLIGATION PAYMENT SCHEDULE PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH RECITALS: A. AB X1 26 and AB X1 27 were signed by the Governor of California on June 29, 2011, making certain changes to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the "Redevelopment Law"), including adding Part 1.8 (commencing with Section 34161) ("Part 1.8") and Part 1.85 (commencing with Section 34170) ("Part 1.85"). B. The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that AB X1 26 and AB X1 27 are unconstitutional. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding AB X1 26, invalidating AB X1 27, and holding that AB X1 26 may be severed from AB X1 27 and enforced independently. C. The Supreme Court generally revised the effective dates and deadlines for performance of obligations in Part 1.85 arising before May 1, 2012, to take effect four months later. D. As a result of the Supreme Court's decision, the Palm Desert Redevelopment Agency (the "Redevelopment Agency"), a redevelopment agency in the City of Palm Desert (the "City"), created pursuant to the Redevelopment Law, was dissolved pursuant to Part 1.85 on February 1, 2012. E. By its Resolution No. 2011-76, adopted on August 25, 2011, the City Council of the City made an election to serve as the successor agency for the Redevelopment Agency under Part 1.85 (the 'Successor Agency"). F. By its Resolution No. 001, adopted on February 9, 2012, the City Council, acting as the governing board for the Successor Agency, established rules and regulations applicable to the governance and operation of the Successor Agency, and pursuant to such resolution provided that the Successor Agency will be governed by a Board of Directors (the "Board") consisting of the members of the City Council of the City. (7 .rrIoNnnrora Tanin Wnrri Fil•c•¢roK R•r.nnc,Gvrrocnr Au•nry R•cnhv.nn r• AAnnrfno I OP¢ IVN`X RESOLUTION NO. SA -RDA 003 G. By its Resolution No. 594, the Redevelopment Agency approved an Enforceable Obligation Payment Schedule, as amended. H. Health and Safety Code Section 34177(a) provides that successor agencies are required to continue to make payments due for enforceable obligations. Health and Safety Code Section 34177(a)(1), as modified by the Supreme Court, provides that on and after February 1, 2012, and until a Recognized Obligation Payment Schedule becomes operative, only payments required pursuant to an enforceable obligation payment schedule shall be made. The enforceable obligation schedule may be amended by the successor agency at any public meeting and shall be subject to the approval of the oversight board as soon as the board has sufficient members to form a quorum. I. Accordingly, the Board desires to adopt this Resolution adopting an enforceable obligation schedule. NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1. The above recitals are true and correct and are a substantive part of this Resolution. Section 2. This Resolution is adopted pursuant to Health and Safety Code Section 34177. Section 3. The Board hereby adopts the enforceable obligation payment schedule attached as Exhibit A to this Resolution and incorporated herein by reference (the "Enforceable Obligation Payment Schedule"). Section 4. The Secretary is hereby authorized and directed to post the Enforceable Obligation Payment Schedule on the City's web site. Section 5. The Enforceable Obligation Payment Schedule may be amended from time to time at any public meeting of the Board. Section 6. The Secretary is hereby authorized and directed to transmit a copy of the Enforceable Obligation Payment Schedule by mail or electronic means to the County Auditor -Controller, the State Controller, and the Califomia Department of Finance (the "Department of Finance"). A notification providing the Internet Web site location shall suffice. Section 7. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including providing documents associated with the Enforceable Obligation Payment Schedule to the -2- (:••rrin Vrrnniro Tani* Wnrri Fdru•Craff R.nnnc.Cvrrreonr Aornry Rrentnr;nn rr Adnn'.na Ff1RC '.77- n TNV Y RESOLUTION NO. SA -RDA op Department of Finance and the State Controller in the manner of their choosing, and any such actions previously taken by such officers are hereby ratified and confirmed. The Board hereby designates the Director of Finance as the official to whom the Department of Finance may make requests for review in connection with the Enforceable Obligation Payment Schedule. PASSED, APPROVED AND ADOPTED this 23rd day of February, 2012. AYES: BENSON, FINERTY, HARNIR, KROONEN, and SPIEGEL NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: Ra helle D. Klassen, Se etary SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY Robert A. Spiegel, C -3- (; •rrla WrnnIra Tanin Wnrri PI.. Cie?Rnrv.n< ClIrrrccnr domry Rrcnhl),nn rr drinnriru FC)PC 1_17.I TNN`X RESOLUTION NO. SA -RDA 003 EXHIBIT A ENFORCEABLE OBLIGATION PAYMENT SCHEDULE Exhibit A 81000-0172\1420207v2 doe h N O m N 8 r 8. 8 8 O O S N 8 N 8 m N 01°i Iff ph ayy mb O O 8 pO S yp f V N 3 39.862.121.66 S SS 8 N N O S pp° 8 8 8 8 8 8 8 8 8 8 N O OO O mO N Y F. O 0 a a aD o 2 b C N vqq 8 > t ti s` m LL J 8 a— s 4 8 CI 0 01 o iO o vo in on o co; ,O M 8 f0 N 8 b S 8 8 8 .1-O 0p 0 O o vo 0 8 8 W N M O N � P- on n O ..I 0 nq OD N aro rv$W U M 8< 7 8 8 8 8 8 8 8 8 8 8 8 8 F C N a 46 ui o ci n., o o of ro vi n v° 8 m Z Ol E. �O T 0 N ,h N < W �yyO NCC < * Oi i !7 ' �O '- �° S >- v aC A a. 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CO M O 17) PDHA Properties 8 8 R 8 8 m O P t7 r m N s s s 8 Professional Assouat oo 8 m W R N N M Y • N $ 6.549.774.53 0, N N N M N N N N m Qa N 00 I N to ID O 8 pN w J 8 G N w N r 8 _ A U N_ 8 ? . 8 Q 8 2 3 g' a C � LL ' a, r Z .- OX i8 8 8 /F `• sue 8 V N M JN� ai • N wa m• a • $� _• s0� €m. m i c c o F s$ 8 a $ $ $� mg Z 8 k ;E 28S4 Rs 1 0 ma „b" W °a$1m€ mz go 0m m c 8 ` m $ig $� 0 m SO(j is'O SU e.o X n A a n gc$ ii m^� ��a$i i ES�M$$MmFs $ a a o Si a�n 0.,2.a hg as"u $ _ 1 O.ft a` a RESOLUTION NO. SA -RDA 003 6,549. w 75 E a Addmonal Disclosures on TAf3's California JPIA 27)1Liatilety Insurance U g /m i m 6 O im g m • a g 1 i a° a 8 8 1- H Ramp Construction GO ▪ 8 8 8 8 1 Project Area(s) • 888888888 h Oi Cp N N O CO O V. i00 N c4 • (O n , A O N a s )(i a <O to N O mg- N N N N 3 N N S 3 N Qn e a P 2 F` pQ 04 0 c4i - n n OD O f0 N o rn N N o CO (C • 0 i N N W S J 0 W 8858888SSS888SS8 f� O of (� r O N O O O O O O N _ N opj m N. n w O NO O M U N W N 0 v o,- m CO A M Nw 5 w Z W. P i! oe 8888888888888888 rw O Oi 00 n N O O N O O O O O O O Q d o (O N. O N (O M. Al UO N N O (s N N Q N a 0,VN N M' (7 O t oLL H H ~ Q 8 o 0 0 0 0 0 0 0 0 (^ o m o v 0 ♦A N g o O o O O ( Opp O GO 0 O 0) 0)) O N r-O /yJ I'0 0Q A O) N O S CO CO Ct.ideia O V. .!- CO 0 0 O 0 M O t ` N CO N^ m OMi_ t�0 l O O N N N W( N V_ Oa ciW.6 .-.-aia.- u V8 W = z1— z O '' RESOLUTION NO. SA -RDA 003 N ((0 (0(0(0((0X M M M M M M M M M A A A A A A J J J J J J J J J r r r A(� A c U U U U U U U U U U U U U U U 8.888.28882.882a888 N N b N r N C C E C C 0 c c 0 0 0 C 0 c C, EEEEEE E E E E E E E E OE N m' 0 a m' m w' R N W w' m' 11 m m m' m a a a a a a a a a a a a a a a v) u_ • N. c ti g 8 l •a a c sty e= U2> I aUs, ,aa KO aO yoU 0 NO ao uL U awas v C7G o(1�OcE0ovuo Ming a a d a a a g L n L t L 4E cyE c4E F 4q qq�� � N N 1 VV11 1� 1 1� 1 1 y1 a i ," (0 INO 10 �O N A A A 10 Q a a a o o a a a a o n o n o n «JJ co M O 0 (O A CO 0) O'- N e) V )O CO A CO 0) 0 N M N N N N 1,916,450.00 I S 104,346,365.99 I $ •• Include only payments to be made after the adoption of the EOPS. 8 P a2 3 �N 8 R.,N N N NM N CO CO N N O O N N R N N N N O O O t- 0 M 6 O CO P d y a 8 O} ■ 8 8 8 N D m O ,Np CO O N O N O LL M O (0 8 8 M (yy 2�p �2p 8 8 8 2 6 ci CO 8 O ' r N M S 8 88 8 8 Al 8; _ 8 8 - N LL � 12,889,213.00 a 22,255,943.00 88 CO N N1�� 1` (p N N t L 0 ¢ 1 c y c 8 w m m = O DFe:.O C W 0 LL to a E � n r, � E a 3 3 3 a" m M 0 m m 6. < 5 o 8 i a 3 3 A o v z 2S 8 0 ccc o Is a m J i 0r' N N W W N Ch Is 8 (0 m 2 D N O � P O n O A 8 a O r n y g a oi N N N N N N •Ym 8 O h O 00 a n h V O N N O O P. 07 fD ' N n rn (D S P. V) ' n P 8 9 8 m n O1 n 8 8 8 < 8 8 8 N 8 to ri vi r N n N A n OO O O O p a c M a N 0( (D N 8 8 A 8 8 N 2 0 O N T a a O O1 10 !nV 8 8 8 M T 8 O( O A O N T P. N 7 n M P P u D O - 8 8 8 8 8 8 8 8 8 8 r 2 8 h 8 O O N R'O O m O a0 N � 0 0 0 0 0 0 0 0 0 Om s t 2 t 8" g - a E i' T' 2 E 2 T' 8 2 a a m � 'Y m L° o a 5 @ _P @ m m C L p m c n S m S fi o � B >>.. 1 c 1 v Z § s § °u § S § S £S s 10 o § c I; g 7 ,� c $ a P umyj P Oi P C P P P P P POO P: a: mO ^ mg w3 amage?amum .a S„O2St S3a Sp8t Sgz .pis `one csv 'o ci o _ ppi; x 2 x i_ 2 2 g i ll p L _L _ L x .4 - L' $ n D u n�€ '� m& i^ a S o m � m m S o o„ o m� d o m ,. n n g m e c Q S Sn E E E S E E a E h U L u W a E v w g 'c � 0 0 n o n n& o n e n i n n � n a a m m m 4 m n q m o 0 0 2 F o o F o o u E i m E m T o u E a 22.!-2aSS.• mawa wmaPsA4' o€ a 8 ¢8£ 0c 0 a = i Interactive Design Corp a a anaal Services Richards. Watson 8 Gershon a' o' ^ a U $c n a a - 6 S' J a a' R CO P O N 0) O 0 (0 Union Bank of Calrromia Banking Services Leon's Landscaping 17)IHovley Retention Basin Interactive Design Corp 9t W 0 a RESOLUTION NO. SA -RDA 003 b 1 1 4 s88 ja 8 8 24) PDHA Properties 8 N West Coast Arborist 25) PDHA Properties 8 8 N 10 435.341.58 N N 8 t0 8 8 N N N N N N N N N N N 8 8 8 8 8 8 § S§ N N O N N m 10 ° s 0 8 g a 4 iiiip ,a o c : s isiggll C,a O atffl1fli: O .g S ; a: 4 e¢ 8- 0 m a 8_ `. y 4 O 4 N i N ^ E o- m .E a o° oC o n e: a Q a E N K Q o¢ Q T K V O p CO Np, L _• O S O"4C Q 1 e G Y a N C O.O i E$ l E a g t$ c• ° 2€ o s l• $ Y 9 o d g& d§ a o ,$¢ � o s oa� a �� $ A S o0 �$ € o E$ a L� a E o a 4 <geuD' ililic.�3aac�a�LLc>:2$dSc�auc�$uM Willdan/RWG 26) Additional Discbsures on TAB's 0 4- 8 0. a 27) Pass-thru Trust Account Obligations College of the Desert 28) Public Safety Academy Reimb 8 8 f Carlos Ortega Vitas NSP Rehab Bond Project Overhead Costs Carlos Ortega Villas Desert Pointe Rehabldation Undergrounding R n n 2,193,941.80 N N m 0 N N 88 Xim PE N N N 9 183,782.85 • QC = aD � � a n � w nm • o 2 c n � c s 2 `o eS 8 • 'NE .0 y 0n S O O C _ O a , U m ° n D h3�C O ] O QQ N A n O O D � U ts O ° p 81 Z � O c 2. 9'a` LL u = J O D €z g 0 o S O 37 a O 8 C D O O i w o E 0 7 o g Q Q O N o W 5 o S c ° E a 742 i E • D N s O M D 2. c ° D g 8 m ° NE p g E v E c E ^y a O a a D s R m D mo m s"o � n a 1O nw _ 4 c n c a c x1 s 8 11!) 0 m m a O a Fiscal Year: Project Area(s) N r_ Last Amended: . . . . . . ?a?a0 0 0 0 0 0 0 0 0 0 0 0 0 y 0 m 0) N v 0 0 N DM)- 0 SO o -, m •- 0 o M rg * tD ro m N a 0i cci r-. 0) M 1 N N Vl H /A ✓1 N f9 N H H N N N H N H N N N N N N N N N g s M ._ m m C m E,r-S8402200 00S 0 LL N M OMD (0 N O 00) N (0 N rr- m 0 0 0 0011 D 0 D) m a r m o .- a N .- O N (C (D m- h N DD (ri N M Nm m• n 8 T OS(D m 00 CO OS m m :9 h N 5 0 1 N C O U G N m N — 2 N U N 0 N a UJ J L N c 7 0 O O O O O O O O O O O O O O O 0 V (n m m o (n (n o 0 0 0 (n 0 0 0 0 (0 M O O) N M O Di M 00 N 0 06 1- 0 .or W N DD (0 N O 0) N (0 o 1 OD O N = i 1 pp p Dp o I� o O ? n O t U m (O (^O O 0- (0 .• O Wu) �1 of Z, p p p p pN E W A O) 0 0 0 0 0 0 0 0 0 0 88888 `b', (- r a v o m e m o (a o O o o e1 E ct Qma.- a o N D M I� OP. �' M M M M (A a (D O (A (D N a o 7 y. 0 r W N .- N (D M h M N 01 .mr D O Z° 3LL a O 0 ~ aa a ( ma0) N Q( . ,OSppSO000a0pp p VN —O,C'm.(Vm,N VulrhOOM1ammam.CDD m in ri oNam nr(0 4, igMONNMp_O O aW O m 0 ^ , (D- ODOn m a 0 I� O) N N "NO N N a Ce W = oo N M as10 m ayy♦ AA pa 00000000000 O cM MMMMMMMMMMMM nn O M M 0 0 0 0 0 0 U 0 0 U$ o o m U U U U U U U U U U U cc, to (,1 m m m m m m m m m m m m m M M m € € € 000 • s m Y (I) m M 41 m «N, % �N, gym, K) W N C c 'c E c C F C ccF 'C c c C CAW wm CO 03 CO CO CO CO CO 101003 CO CO a a a a a a a a a a a a 91.0 16 mm G G m N a L.p % 8 E fi w h t m m m E ° 3 o E z z a .g u .g ' i g U a s i�a=3 0 Z D 2, o 0 0 9� o L vs; . o' ., f d U c i a i a c m uuu�Z2iuL,o u o o0 — N$ e mc SB2557F o D. >. > A a a o' (pp A c 4 4 a a a L o C m O rg,L L U m L 8 d C C m E t i l l t t l a i a`O g£ P 0 p ro D 3 L L L L L L L L L L. (�i v� 2 C Y 0 m Zaaaaaaaaa �°�°i E ,gym z , ?.. 8888. V c p i1 fifi£££f £�££4 b '" oQ (n in (n in 'A _ C G w 5 a kil'; ':�°a&..1@ ' i13 K 0 — N M a (n tD n m D) O.-N M a o (D rs m O N N N N W W C • Include only payments to be made after the adoption of the EOPS. " • All payment amounts are estimates