HomeMy WebLinkAboutSA-RDA 019RESOLUTION NO. SA -RDA 019
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE SIX-MONTH
FISCAL PERIOD FROM JANUARY 1, 2014 THROUGH JUNE 30,
2014, PURSUANT TO HEALTH AND SAFETY CODE SECTION
34177 AND TAKING CERTAIN RELATED ACTIONS
RECITALS:
A. Pursuant to Health and Safety Code Section 34177(1), the Successor
Agency to the Palm Desert Redevelopment Agency (the "Successor Agency") must
prepare a proposed Recognized Obligation Payment Schedule ("ROPS") before each
six-month fiscal period (commencing each January 1 and July 1) and submit each
proposed ROPS to the oversight board for the Successor Agency (the "Oversight
Board") for approval.
B. Pursuant to Health and Safety Code Section 34177(1)(2)(B), at the same
time that the Successor Agency submits a ROPS to the Oversight Board for approval,
the Successor Agency must submit a copy of such ROPS to the State Department of
Finance (the "DOF"), the County administrative officer, and the County Auditor -
Controller.
C. Pursuant to Health and Safety Code Section 34177(1)(2)(C) and (m), the
Successor Agency must (1) submit the Oversight Board -approved ROPS for the six-
month fiscal period from January 1, 2014 through June 30, 2014 ("ROPS 13-14B"), to
the DOF, the Office of the State Controller, and the County Auditor -Controller no later
than October 1, 2013; and (2) post a copy of the Oversight Board -approved ROPS 13-
14E on the Successor Agency's website.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY (THE "BOARD"),
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 the provisions of Health and
Safety Code Section 34177.
Section 3. The Board hereby approves proposed ROPS 13-14B, substantially
in the form attached hereto as Exhibit A. The Executive Director of the Successor
Agency, in consultation with the Successor Agency's legal counsel, may modify ROPS
13-14B as the Executive Director or the Successor Agency's legal counsel deems
necessary or advisable.
G \rda\Veronica Tepia\Wad Files \Staff Reports\Successor Agency\SA Resolution Approving ROPS 13-14B 9.12-13 docx
RESOLUTION NO. SA -RDA 019
Section 4. Staff is hereby authorized and directed to submit a copy of ROPS
13-14B to the Oversight Board for approval and, at the same time, transmit a copy of
ROPS 13-14B to the DOF, the County Auditor -Controller and the County administrative
officer as designated by the County.
Section 5. Staff is hereby authorized and directed to submit a copy of
Oversight Board -approved ROPS 13-14B to the DOF, the Office of the State Controller,
and the County Auditor -Controller. If the Oversight Board has not approved ROPS 13-
14E by October 1, 2013, Staff is hereby authorized and directed to transmit ROPS 13-
14B to the DOF, the Office of the State Controller, and the County Auditor -Controller by
October 1, 2013, with a written notification regarding the status of the Oversight Board's
review. Written notice and information regarding the action of the Oversight Board shall
be provided to the DOF by electronic means and in a manner of DOF's choosing.
Section 6. Staff is hereby authorized and directed to post a copy of the
Oversight Board -approved ROPS 13-14B on the Successor Agency's Internet website
(being a page on the Internet website of the City of Palm Desert).
Section 7. The officers and the 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 requesting
additional review by the DOF and an opportunity to meet and confer on any disputed
items, and any such actions previously taken by such officers and staff are hereby
ratified and confirmed.
PASSED, APPROVED AND ADOPTED this 12th day of September 2013.
AYES: BENSON, SPIEGEL, TANNER, WEBER, and HARNIR
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
N C. HARNIK, CHAIR
RA' E T KLASSE$1, SECRETARY J
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
2
G.Yda\Yeronla Tap4WYord FYselStall RpaA1\Succsuor Apency%SA Rosolution Approving ROPS 13-148 9-12-13.docx
RESOLUTION NO. SA -RDA 019
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(January 1, 2014 through June 30, 2014)
G.Vde\Veronica Tapie\Word Files%Sloff Reports\Successor AgencylSA Resolution Approving ROPS 13-148 9-12-13 docx
OS
0
N m LL
N F
U
• w
Recognized Obligation Pay
RESOLUTION NO. SA -RDA 019
n
0
a`
0
n
0
CO
Fund So
Reserve Balance
Bond Proceeds
Comments
F
E
D
Non-Admin
Fund Balance Information by ROPS Period
ROPS III Actuals (01/01/13 - 6/30/131
$ 141,924,724
co
N
v
co
N
aci
tp
617.691 $ 18.955.947
617,691 $ 46 955,548
v
ry
N
No entry required
$ 307+120
$ 113.618,003
E o 5L
OO
c - d 8 o N a
0 o m E E L 5 -
400 � io
U m o E b
L= N _N 00 O
..7,
C
O m , N N 5
= d U rn OS!D a_
72 c" m 0
a u w w m M m
'-`2 y a :: a m o
m O N LLO W e CD v N
F N O C = 0 g o m
C N O „O C j
0..0 , m O m w m
n ▪ • A t▪ too < A
0 w n o
N nco V 00 1.
N O 0 N O
t' N M N o
N N
w N N N N
O O
to t0
0 N
0 0
e.
O W co0) 0)
M • M t+0f • 0 0
O O
N N
O c
zLO- c o a
E 0'- ".2 Z c
O E o c 6 m
D m y u; z m c 0
k T a o : d 2
M J O
a c C 0 0 f m
L 0 22
e 0 Y o
O' y U W D 22 `
O N z ip U= O
U N« d 00 2 5(0 Z 0
go—L E 0..5, .2—(0
Ta co
u 0 Q 9 E 0( a cc 0 0 j
-raz m mM 00 ELo
C UU C C N N
C O N O L LL A N D 9
N ry • O 00 C C r m O Q
m EtoN Wa �ono9
C `__ =p R, L d LL E m d LL
LL LL Q N a_. d LL a r-
O oQa O 9`0 k 2 02
a. O K 0 K
maa 02 `O8.Lm.. n>n u. - a
j t p g o e-� d Q C_ D F a
Q .0 O O G O N O E 6 Q o
_c tzcQa K crr°a
C00,21 S 0.0Ms— c - m -
c YZo c2 Ed n U m Z (0E tr
O000 xDw4 yOa0
ma0a4K(U W2(K52KQ£
t0
07.
0
O
Ending Actual Available Fund Balance (1 + 2 - 3 - 4.51
RO! S 13-14A Estimate (07/01/13 - 12/31/131
v
6,276,402 $
2
V
CO
CO 0
N
0 ry
0
u7 d
• v m
to
O � � `o
mo
L a
0 O `o_ m
!-
• 2' E t
o Tn
y ip c 5 O 0
+ ° 0
N N M D 0d ''' C
A9..Ft O m E0
ma-4 W C c c
C LL E 0 '0 Q LL O D
E.
LL+ 'y m U 0 7 2.8
a s W 1- «L, M N F a
iLL E a o w n m Q K o�
O
< t0 V N 0 m a p N E
.Cu c5n cE,C�
m AKZ'o W Z o
n co 0)
0
N
5 106,763,637 $
11 Ending Estimated Available Fund Balance (7 + 8 -9 -10)
RESOLUTION NO. SA -RDA 019
! ( 2 \ ) k (13
&
.!
{
2To-- -iIT! -- !
( ( ' {[ _ :
} \ ƒ /{ { w(,/,/.5 5.
_ - 8 !! - / -{ )!{7ff'
2 § iliE - - --!;!!!w•;(&
} \ {M /§k kkkk kkkk)k\-�.r
!! f m k a8nra _: J coa§;ro;zlca
elm Desert Twang Entitle
k ;
8
c
c
■
c
z
2
c
_
c
■
Bond Proceeds
go
06
ning In
52
8
David Evans & Associates
38 Portola Wal
!
45 Bond Project Overhea
/
.77
Ei
RESOLUTION NO. SA -RDA 019
ROPS Detail
LL
$N
» r
E
z
6
0
§
Z
Z > Z Z
> Z 2 Z T Z Z Z Z Y Z > >- > ZZZ
NNNNNNNNNN N N N NNN
h o= S w o
illNaV 1,1
S a_ e aU Ti a_ o m E`
u o o O o s O a o O o m o m i„ yn O
�o oa L`5 arcs �,Qm�r
a`O'aE:�°Caupany
m ffi
m F
y' O rn n
' w vm� :a g : o o = t7 m 8 e x
E.
c Q �4
a> > a c m a rc E E E o E u r o
E� E E9 Eo m m ' ' ,r4- '
n Pa '3ap mu Swu0:E 3 3 3 u° t�i u u nau rc 7 . _(14f a
E
Semi -Annual Debt Service P
�" �i'+ N
~ O 3 a C C g vs ▪ u e H
'oa
c a' g S a a 5,
u r r § z • 1 a 3 �' a ii a
0 t 1 80.265!§§1gEgik._ hill!!!
m i is o E o c i o „;' « ��' == 8= F= � t
$pv il Pp 'p if:
£ Noao2- o�o3m' 3 3 >' i • E
P p!2! b p
E "a3� a` m°mmm m°muOOUOj.�O}n E1E� Eg Eg El EgEvEg
m
a
0
Q
5,
a e
c c LL
m N N N 5
> >
u' a' a' a'
5,
b 5mm
.k F
N 2 N 2 N S m 2 2 8 2 2 N 2 2
rc-
RESOLUTION NO. SA -RDA 019
a.
z
e
z
E
z°
Z
a
> > >- >- > >- >- > > > z > > z Z
a
NNN
t t 7.
2 t
Y m °
u 1 P A ire
tc b b o t m g sic
u u o u 8 m rn»
as aagotoo<Ez
U' S
f U
2° O 0 ry " d d d d d d d m M m M
c c c c c c& C s c s v s c
m
a
73 Aquatic Facility
LL a
College of the Desert
is
cJ
a
2
fA
Robert Rein Frost & Assoc
Overland Pacific & Cutler
a a § o R
t t
1 t
9� S
U o u 22 E E E
89 PDHA Properties
90 Replacement Reserve Fund
91 Monterey a l-10 Imps
E
to
93 Monterey ea 1-10 Imps
RESOLUTION NO. SA -RDA 019
§
o •=
2e •
cn
E
\n
0
u.
CO
§
95 !Monterey @ 1-10 Imps
O
z
RESOLUTION NO. SA -RDA 019
Vl VI
E
E
zo
50
0 0
oo
rp
a
Ti
> > > > Z Z
> > > > > > > > > > >- > Z
d(S i` E =
& �€ 8€ b€ puo `�' 'g0 Lg �P
c o o$? .E m o¢¢ m b
u Ili
aW 4,5$p
si.PE 4,E EE ill ¢= apt o `a `d
l! VT €SN a8 WI. o r
u'� .� 03 p����o oose f. at ga
o�cit if. «Eo¢ poi u`i 'oQ w
m r» gE��.y�€oo tt i^
t g- �g 1i� .L..ON Q 50 u�LLZ4 42 ny'1
F
u 0 w c p
a � a m
C G q
m !AA �'E U
c V = o E
1rc ro U > o: > n ¢' ¢ G
gationCaIPERS Unfunded Liabilities 7/17/1991
0
4,
.4'
Z
u
West Coast Arborist
00_,_00
b 0 N 0 W b N
0 g g 0 4, 'c 0
A m 53 'a 5 m a" n 3 r r r
120 Replacement Reserve Fund
121 PDHA Property Management
i
3 I i h!!iiI
e a
¢ g p
Q r g R R/IR R
31 Pasathru Trust Account Obligations
32 Additional Disclosures on TAB'S
33 Liability Insurance
RESOLUTION NO. SA -RDA 019
0
v
N
0
m
4
0
2
K
E
2
z°
a
2
8 8 72
8
z 2
D
tz
0 o
z z
8
z z z z z
X
b5=e .. .. .. an:
..w sW _'oa! o. c ITT2i
ui so
4 4
9 a E m E
88�2E:o.`e€= ono H r
z
z > > > > > > >
Wlllden Financial Services
3 3
tle
El
d m w uo 4,
C' ' Cm Camm ed
n+ • r 33 C C i ems $o
ago m c $
r
15§ 'c c • `c • c c r c 80 a_ 'c
b b t i
b b
E c '� o_ `o _ o t t
^ • c s ����� S S
s l u ff u E E
O i n a p A N a E E E u
O
c c c O
in Eg E Eg Eg ammmmm°mh kg Ei E LL u 4 6 ¢' Ryn`y
6
*3 m
E
s
U
8 m 8
111 - a
yy a= d d
146 IAb Country Club Undergrounding
Professional Association
d d d 8 m m
z
2
RESOLUTION NO. SA -RDA 019
SI
} T Z T Z Z } T } } Z
Interactive Design Corp
PDHA Properties
Widldan/RWG
T }
Z } Z Z Z Z
C 0
168 Carlos Ortega Villas
z
0
0
0
0
0
RESOLUTION NO. SA -RDA 019
ROPS Detail
oS
g.
89 !Project Area Administration
it
RESOLUTION NO. SA -RDA 019
22
/}.,.
j 81
4, E
d /|(
: ; r ::...... ;;; o : ; r ; !
'
pGl.!\ !. ...
abGRR
4.4||g| I2
3441E% ||$
� -
RESOLUTION NO. SA -RDA 019
s
2
B_
e
;o
tri
xg6�....
5T 6 Yi9
»._.....
.
....
.
-
. ».....».».
.
»...
._...
$
6
�s
'
F
s21
3.
Y
>F
1
FS
°.`F'
.
■iin
11111111111011111111111111111111111111111111111111111111111111111111
1111111111111111111111111111111111111111111111111111111111111111111
11111111111111111111111111111111111111111111111111111111111111111
11111011111111111111111111111111111111111
z
$,�.weqq: *Egg=ag da
8�R�2I�� r44�i 8 6�
—
■
RESOLUTION NO. SA -RDA 019
!� I
$
S1 2s a-
S$ 3ggag .....
sr 'ERA
17777
Y »
•
9LR
& B
I
G
:33 i a
1
s'e
0
e G ;
f W 6 IiIIIIIitth
CS R R3�d n». . : 777. : a: Sx:3.12 S w3 3 S'.773 3 S63QR; C C _rrr __ C F
RESOLUTION NO. SA -RDA 019
N
m
0
Z
0 o oa
x
a v °
c
0.
c No ' o
C c c c c c c c c c c c o c c c c c c c
O o o o o 0 o o o o o o n
'D A D F a F A is n 0 0 0 0 0 0 0 0 0
To.o 0 0 0 g q 0 0 q 0 n t0 D D
0 T m m m m m m m m m m m q m m m m m m m m m
MT 000w ) 0 a000 O)0 O 00 a 000000
C 0 0 0 0= w 0 0 s w a 0
> > > > > > > > > > > D
�� g q q q q q q q q q q U 0 Y>1 g m N q q N N q
0' LL LL LL LL LL LL LL LL LLLL LLM LL LL LL LL LL LL LL LL LL
a 00000000000°n 000000000
0 o 0.0 0.0.o a o 0 0 o o p o 0 a o 0 o o o o _
• E P Q 6 G d G G C. G a G m m m m m m m m m m m m m m m
>� nn��ann�nn n no. n O. nan
0) N q q
Oi0i0i0ioi Oi Oi Oio Oi01> m W Oi 0i 0i Di oioi Oi Oi Oi 0Oi oi0i Oi of Oi0i0i
00000000000 i>i WWmWWmm W00 > 00 w00000000 OD CO
re E E E E E E E E E E E W m m E E E E E E E E E 0 E EEEEEEE
mga;da�ma;ma 614) C0 mmmmmmmmmvm mmmmmmm
6) .m m .m .m .m .m .m .m 4 .m C C m a) a) a) a) a) a) m a) C a) m m m m m m m c c c c c c c c c c c c a Q c c c c c c c c c n c c c c c c c c
c c c c c c c c c c c° c c c c c c c c C c c c c c C C c O O O O O O O O O o O vvvvvvvvvvvg C c 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0
M c c c o c c c c c c c d o O M M M M M M M M M M c • c c o c c c c g c M M M M M M c c o c 0 c c
o a a a a a n a a a a a, 0 0 0 0 0 0 0 0 0 0 a a a a 'a a a a a.,a 0 0 0 0 0 0 a a a a a .0 a
N E E E E EE E E E EE m mm N N N N N N N N N E E E E E E E E E m f N N N N N N E E E E E E E
o'88888800888 •j l0 2,6 N )O N (i 1A n N N N 8883888880 o N N N vi pp O
8 8 8 8
b >, q q q N� g q q y q q q d q q .q. .q.. « .q. .q.. .q.. .q.. q g q q q q
c m g 0 0 0 0 0 0 0 0 0 0 m t 'O T 0 ~0 0 0 0 0 g 0 q 9 T T T T T T �-'
ado 0000000000n a?a?'��������� `)'°m'°'°mm0000000
0 0 0 0 0 0 0 0 o a? o
m U U > 0 U U U U U U 0 0 U U U U U U U U U q U 0•O 0 0 0� 0 0 0 U U U 0
E y m m m m m m m m m m m o? .� v a a v 0 v v v v v m m m m m m m m m .3 m 'O V 'O 'O •0 m m m m m m m > > > > > > > > > > > a v d d m m m m m m m m > > > > > > > a 0 0 m m m m > > > > > >
E's' wm m s 5'5'5'5'5'5'5'5'5u«: -' m S S'S"s S'S
o m m To m m m m m m m m o c c m m m m m m m m m m m m m m m m io m w w m m m m m m m m io m m m
V g q q c q c q q(0 q q c 2 m m m m m m m m m m N g q q q q q 10 q y Y1 m m m m m m g q g q q q q
m �'c 'c 'c 'c 'c 'c 'c 'c 'c 'c 'c m m m�����2�R�d"c'c c•c'c'c'c'c 'c m'c LD��0_'� r'c'c'c'c"c"c'c
Z O= o = o v o o= v a 0 0 0 0 0 0 0 0 0 0 yE Eq E E E E 'E E E E 0 0 0 0 0 0 E E E E E E E
LL Q Q Q Q Q Q Q Q Q Q Q O O O w LL w w w LL w LL w LL Q Q$$$$$$$ 0$ LL LL LL.LL LL LL$$$$$$$
O )0 t0 f` 00 0 0 N M V O N P) a U) (0 1- 6> 0 0 0 O N 1f) 0 1� 0) 0 0 Y 0. 0) O N M )O W 0'. 1L) m 0- O 0
40 N N N N N M M a v v v v v f0 v) m m ro r n N r n 00 maw 0 0 0 0 0 0 0 0 N N N N N N
E
m
CO 0
a
E
A o
v 4)
c
m o 0
N
IC o c
m M F
W c m
N
0 d
c M
O O O O O i p O O
D F R D
0000000
01 0 0010 0
0 0 0 0 0 0 0
U. LL LL LL LL LL LL
0000000
0000000
1
1
i
RESOLUTION NO. SA -RDA 019
O
Z
CO
M
v
d o
a
d
.c c
y-5
...0
c a
g C
T
N O
a. E,
c N c c C C C C C C C C C C C
O o 0 0 0 0 0 0 0 0 0 0 0 0 C
-1"1 r 0 0 lal) 0 0 0 0 a2 0 0 0 0 O
IC a7 d d d d d d d d d d d d d m
0) C) C) 0) 0) C) CO 0) 0) CO CA 0 0 d
_ C O! 0) O) CO C, 0) CO 0) CO C) 0) 0 0) 0
' J 0 > H > > > > > > > > > C)
O' LL LL LL LL LL LL LL LL LL 0. LL LL LL w
• O O O 0000000000 LL
d O o o ❑ o o o o o o O o O 0
N ry O N d d O., 0)d d d 0.) CD d
'C 0m
aN as an o.a O. Q.0. O. O. ny n
a) o) moioi oioi of of oiai of 0i o)
O co o d m_ co co co co co co OD CO CO CO CO o d
E 0 E E • d a .d d E E E E E E E E E E
d d d d d d d d d d a 4.
c n c c c c c c c c c c a c c o
c a c C c c c c c c c c c c a c
0000 0000000000-0
C O C E co co co to lh C c C C C C C C C c G co co co C) 4, C7 M C7 M c, el CO CO CO CO CO M M M C
a .0 .0a 0 0 0 0 0.0a a a a a a 5 n a .0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a
E d E EN N N N N E E E E E E U p Ep V 0 U E E E d N N" N N N N N N N N N N N N N N N NE
f
0 08 8 t N 11) 1n N 0 8 0 0 0 8N'0'0) N 1n N 1f) '0 N 10 40 N 10 10 N 1n 11) 8
q N N N ✓I 0 0 0 0 0 d 0 co Y) N
�y 8 g l0 W N ,, W N z3 . . N. N. N W !0 0 0) W 0 N 0 0 C W N N 0 0 f00 C N 0
cy U a 0 0 2 2 2 2 2 0 0 0 U U U U V U U y 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 U
E> 9>> .aa1 aa) d Ina >>>>>>>>>> v d d w 0 aai 0 0 d d 0 d d d d 0 0 0 v 0>
E m o 171
s's 'ysy 's 's - - - — - - - W s s S "s's 's 's 5 S S s's 's 's s S 5's 'ysy
V W W 7 0 0 0 U U d d W d d •d d d d d 0 U td) 0 0 g 0 0 0 0 0 0 0 0 0 0 0 0 0 U:
w. N N d 0 0 d d 0 0 0 0 0 0 0 0 0 u) .„ d d 0 d d d d 0 d d d d d d d d d d d N
p C W C C CC tr CC CC re 'C C C C C C C C C C a) CtlYCCOCc[c[c[CeceterYcec[c4Crc[ct'C
ZvaoE00000aaE•'gQq•�QEQEv'Cv-ovoovv.0000000000OOOO00000E
Q O Q aQ LL LLLL LL LL Q Q Q Q Q Q <<<< 0 LLLL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL
ak CO (NO) CO
CO C1
0 M M 40 Y Y Y Y 0
N 110 1f) 10 1100 i4
0 0
r r r r r r 0 n 0
a0 CN0 CO a0 a0 CO CCO C CO
E
0