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HomeMy WebLinkAboutResolution 588 Enforceable Obligation Payment Schedule AB X1 26CITY OF PALM DESERT/ PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: ADOPTION OF RESOLUTIONS ADOPTING AN ENFORCEABLE OBLIGATION PAYMENT SCHEDULE AND MAKING AN ELECTION FOR THE CITY TO SERVE AS A SUCCESSOR AGENCY UNDER PART 1.85 OF COMMUNITY REDEVELOPMENT LAW IN THE EVENT THE AGENCY IS DISSOLVED PURSUANT TO THE REQUIREMENTS OF AB X1 26 SUBMITTED BY: Justin McCarthy, ACM for Redevelopment DATE: August 25, 2011 CONTENTS: Resolution No. 588 Resolution No. 2011-76 Enforceable Obligations List Recommendation By Minute Motion that: The Redevelopment Agency adopt Resolution No. 588, a resolution of the Palm Desert Redevelopment Agency adopting an Enforceable Obligation Payment Schedule; and 2. The City adopt Resolution No. 2011-76, a resolution of the City Council of the City of Palm Desert making an election for the City to serve as a successor agency under Part 1.85 of Community Redevelopment Law in the event the Agency is dissolved pursuant to the requirements of AB X1 26. Executive Summary AB X1 26 eliminates redevelopment agency authority and immediately suspends most redevelopment agency activities. As part of the enactment of that bill, the Agency is required to identify payments on all obligations that are due from July until December, 2011 by August 28 (the "Enforceable Obligations Payment List"). A successor agency, such as the City, must also be designated to carry out the winding down all redevelopment activities. AB X1 27, a partner bill to AB X1 26, allows for Agency continuance if the City Council adopts an ordinance to opt into the Alternative Voluntary Redevelopment Program and supersedes these two requirements, however, timeframes overlap and if a continuance ordinance was challenged and the Agency had not taken these actions, the Agency would not be able to make payments on any obligations other than bond G `r.^.a\VPrnn ca Tapia'W—1 F,I—Staff RPpnns\Revised AR 26 Fnfvreanle 310igaGnns and St Kresw Apercy SR do:: Staff Report Resolution No. 588 Adoption of Enforceable Obligations List Resolution No. 2011-76 Election to serve as Successor Agency Page 2 of 4 August 25, 2011 payments. In an abundance of caution, staff recommends that the Agency Board approve the EOP List as well as designate the successor agency as the City of Palm Desert. Background In the event the City Council does not adopt an ordinance to opt into the Alternative Voluntary Redevelopment Program, then all requirements under AB X1 26 (" Dissolution Act") will be in effect. The Dissolution Act was signed by the Governor of California on June, 29, 2011, and added Parts 1.8 and 1.85 to the Community Redevelopment Law. Part 1.8 immediately suspends most redevelopment agency activities and, among other things, prohibits redevelopment agencies from incurring indebtedness or entering into or modifying contracts. Effective October 12011, Part 1.85 provides that except for those provisions of the Redevelopment Law that are repealed, restricted, or revised pursuant to AB X1 26, all authority, rights, powers, duties and obligations previously vested with the former redevelopment agencies under the Redevelopment Law, are vested in the successor agencies. The successor agencies must be designated by September 1 2011 and then has a five-year period to wind down all redevelopment activities or obligations. All activities of the successor agency are subject to the review of an oversight board, removing that authority from the City Council/Agency Board. On or after October 1 2011, and until a recognized obligation payment schedule is adopted by the successor agency and becomes operative, only payments required pursuant to an Enforceable Obligation Payment Schedule (EOP Schedule) may be made. Part 1.8 provides that the Agency must adopt an EOP Schedule within 60 days of the date the Governor signed AB X1 26, which is August 28'h. The Agency will not be able to make a payment with respect to an Agency obligation unless it is listed in the adopted Enforceable Obligation Payment Schedule. An exception is provided for payments required to meet obligations with respect to bonds. The successor agency's initial EOP Schedule will be the last such schedule adopted by the Agency. However, with certain exceptions, an enforceable obligation will no longer include any agreements. contracts, or arrangements between the City and Agency. The California Redevelopment Association and League of California Cities have filed a lawsuit in the Supreme Court of California alleging that AB X1 26 and AB X1 27 are unconstitutional. On August 11, 2011, the Supreme Court of California decided to hear the case and set a briefing schedule designed to allow the Supreme Court to decide the case before January 15, 2012. On August 11, 2011, the Supreme Court also issued a stay order, which was subsequently modified on August 17, 2011. Pursuant to the modified stay order, the Supreme Court granted a stay of all of AB X1 27 (i.e., Part 1.9), except for Health and Safety Code Section 34194(b)(2) (relating to the determination of cities' fiscal year 2011-12 remittance amounts) and a partial stay of AB X1 26. With respect to AB X1 G VdaWeron ca TapiatWoru Fi es!Slaff ReportstRe�rsoo AS 26 Ea7o•ceaGe Om)ga:u:ns and Successor Ageicy SR doc Staff Report Resolution No. 588 Adoption of Enforceable Obligations List Resolution No. 2011-76 Election to serve as Successor Agency Page 3 of 4 August 25, 2011 26, Part 1.85 was stayed in its entirety, but Part 1.8 (including Health and Safety Code Sections 34167 and 34169) was not stayed. Accordingly, in light of the modified stay, Staff recommends that the Agency adopt and adhere to an enforceable obligation payment schedule even if the City Council adopts an opt in ordinance pursuant to Part 1.9. The Enforceable Obligation Payment Schedule attached to this Staff Report lists all of the Agency's enforceable obligations and includes certain information about each obligation, including the amount of payments obligated to be made, by month, through December 2011. As defined in Section 34167, an "enforceable obligation" includes (A) bonds issued by an agency (including debt service, reserve set -asides, and any other payments required by the bond documents); (B) loans incurred for a lawful purpose, including moneys borrowed from the Low and Moderate Income Housing Fund, to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms; (C) payments required by the Federal Government, pre-existing obligations to the State, or obligations imposed by State law, or legally enforceable payments required in connection with an agency's employees, including pension payments and unemployment payments; (D) judgments or settlements entered by a court or binding arbitration decisions; (E) any legally binding and enforceable contract that is not otherwise void as violating the debt limit or public policy; and (F) contracts necessary for the administration or operation of an agency to the extent permitted by AB X1 26. The California Department of Finance (the "DOF") and the State Controller can require the Agency to provide them with documents that are associated with the Agency's enforceable obligations. Any taxing entity, the DOF and the State Controller all will have standing to file a judicial action to prevent a violation under Part 1.8 and to obtain injunctive or other appropriate relief. Part 1.8 provides that until a successor agency is authorized, the Agency must continue to make all scheduled payments for enforceable obligations. However, as stated above, if the City Council timely adopts an ordinance to comply with Part 1.9 (Voluntary Program), the Agency will be exempt from the requirements of Parts 1.8 and 1.85. As of this date, the City Council has not completed the process for adopting an ordinance to participate in the Alternative Voluntary Redevelopment Program. Therefore, the Agency must adopt an EOP Schedule by August 28, 2011. Staff recommends that the City Council adopt Resolution No. 2011-76, making an election for the City to serve as a successor agency under Part 1.85 in the event the Agency is dissolved. G Vda\Vercnrca Tap eftorc F, es'Staff ReportsRe<,sac AA 26 Fnfo,ceable Olb ga:tors and Suoaessor Agency SR do( Staff Report Resolution No. 588 Adoption of Enforceable Obligations List Resolution No. 2011-76 Election to serve as Successor Agency Page 4 of 4 August 25, 2011 Additionally, Staff recommends that the Agency Board adopt Resolution No. 588, adopting an Enforceable Obligation Payment Schedule pursuant to the requirements of AB X1 26. Fiscal Analysis Adoption of the EOP Schedule will authorize the Agency to pay its "enforceable obligations" after August 28, 2011. Failure to adopt the Schedule would prohibit the Agency from making such payments, except for payments required to meet obligations with respect to bonds, until such time as the City Council adopts an ordinance to opt into the Alternative Voluntary Redevelopment Program. Dissolving the Redevelopment Agency has extensive immediate and on -going costs relative to the General Fund associated with it including loss of assets, loss of authority of disposition of assets, potential loss of affordable housing assets, loss of certain programmatic funding, loss of annual reimbursement for administrative costs, as well as loss of repayment of the City Advance. These costs will be discussed in more detail during the study session. Submitted By: %444. /W4_Z/ 14A�� sti McCarthy, ACM for elopment Paul S. Gibson, Director of Finance Appr val: ,-� CITY COUNCIL MM APPROVED flF,NfFD RFCEIVED THER dav hn M. Wohlmuth, City Manager/Executive DirebW M A - AYES: i i� /ISGi NOES: ABSENT: ABSTAIN:4(j�w. VERIFIED BYs Original on File with Ci lerk's Office * Adopted the Resolutions, including the amended Enforceable Obligation Payment Schedule as presented at today's Study Session. 5-0 G \rda\Veronica Tapia\Word Files\Staff Reports\Revised AB 26 Enforceable Olbigations and Successor Agency SR doc RESOLUTION NO. 588 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY ADOPTING AN ENFORCEABLE OBLIGATION PAYMENT SCHEDULE PURSUANT TO PART 1.8 OF DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH RECITALS: A. The Palm Desert Redevelopment Agency (the "Agency") is a redevelopment agency in the City of Palm Desert (the "City"), created pursuant to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the "Redevelopment Law"). B. The City Council of the City (the "City Council") adopted (i) Ordinance No. 80, approving and adopting the redevelopment plan for Project Area No. 1, and from time to time, the City Council has amended such redevelopment plan, (ii) Ordinance No 509, approving and adopting the redevelopment plan for Project Area No. 2, and from time to time, the City Council has amended such redevelopment plan, (iii) Ordinance No. 652, approving and adopting the redevelopment plan for Project Area No. 3, and from time to time, the City Council has amended such redevelopment plan, and (iv) Ordinance No. 724, approving and adopting the redevelopment plan for Project Area No. 4, and from time to time, the City Council has amended such redevelopment plan. C. AB X1 26 was signed by the Governor of California on June 29, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the California Health and Safety Code. Commencing upon the effectiveness of AB X1 26, AB X1 26 suspends most redevelopment agency activities and, among other things, prohibits redevelopment agencies from incurring indebtedness or entering into or modifying contracts. Effective October 1, 2011, AB X1 26 dissolves all existing redevelopment agencies and redevelopment agency components of community development agencies, designates successor agencies to the former redevelopment agencies, imposes numerous requirements on the successor agencies and subjects successor agency actions to the review of oversight boards established pursuant to the provisions of Part 1.85. D. Health and Safety Code Section 34169, which is set forth in Part 1.8, requires a redevelopment agency to adopt an enforceable obligation payment schedule within 60 days of the June 29, 2011 effective date of Part 1.8. The enforceable obligation payment schedule must list all of the obligations that are enforceable within the meaning of Health and Safety Code Section 34167(d) and include specific information about each obligation. E. Health and Safety Code Section 34167(h), which is set forth in Part 1.8, provides that a redevelopment agency shall not make a payment unless it is listed in an adopted enforceable obligation payment schedule, other than payments required to meet obligations with respect to bonded indebtedness, after the enforceable obligation X1000-0163\13788026 doc G: rda,veronica I apta\Cord resolution aduptmg statement of entbrceahle ohlieations docc RESOLUTION NO. 588 payment schedule is adopted pursuant to Health and Safety Code Section 34169, or after 60 days from the effective date of Part 1.8 (i.e., August 28, 2011) whichever is sooner. F. AB X1 27 was signed by the Governor of California on June 29, 2011, adding Part 1.9 (commencing with Section 34192) to Division 24 of the California Health and Safety Code. Part 1.9 establishes an Alternative Voluntary Redevelopment Program whereby, notwithstanding the provisions of Part 1.8 and Part 1.85, a redevelopment agency will be authorized to continue to exist and carry out the provisions of the Redevelopment Law upon the enactment, prior to the applicable deadline established in Part 1.9 (with the earliest deadline being October 1, 2011), by the city council of the city which includes that redevelopment agency of an ordinance to comply with Part 1.9. Pursuant to Health and Safety Code Section 34192, if a city participates in the Alternative Voluntary Redevelopment Program and complies with all requirements and obligations contained in Part 1.9, the redevelopment agency in that city will be exempt from Part 1.8 and Part 1.85. G. The California Redevelopment Association and League of California Cities have filed a lawsuit in the Supreme Court of California alleging that AB X1 26 and AB X1 27 are unconstitutional. On August 11, 2011, the Supreme Court of California decided to hear the case and set a briefing schedule designed to allow the Supreme Court to decide the case before January 15, 2012. On August 11, 2011, the Supreme Court also issued a stay order, which was subsequently modified on August 17, 2011. Pursuant to the modified stay order, the Supreme Court granted a stay of all of AB X1 27 (i.e., Part 1.9), except for Health and Safety Code Section 34194(b)(2) (relating to the determination of cities' fiscal year 2011-12 remittance amounts) and a partial stay of AB X1 26. With respect to AB X1 26, Part 1.85 was stayed in its entirety, but Part 1.8 (including Health and Safety Code Sections 34167 and 34169) was not stayed. Accordingly, the Agency desires to adopt an enforceable obligation payment schedule. NOW, THEREFORE, 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 34169. Section 3. The Agency 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 Agency Secretary is hereby authorized and directed to post the Enforceable Obligation Payment Schedule on the City's Internet Web site. Section 5. The Enforceable Obligation Payment Schedule may be amended from time to time at any public meeting of the Agency. Amendments shall be posted to 81000-0163V13788023 doc U:\:da`Vcnn;ica Tapia\%Vord Fi!cs Staff Reports•.Ag'eme - resolution adopting statement of enforceable obligations docx RESOLUTION NO. 588 the Internet Web site described in Section 4, above, for at least three business days before a payment may be made pursuant to an amendment. Section 6. The Agency 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 California Department of Finance (the "Department of Finance"). A notification providing the Internet Web site location of the posted Enforceable Obligation Payment Schedule and notifications of any amendments will suffice. Section 7. The officers and staff of the Agency are herby 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 Statement of Enforceable Obligations to the 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. Section 8. The Agency hereby designates the Assistant City Manager for Redevelopment as the official to whom the Department of Finance may make requests for review in connection with the Enforceable Obligation Payment Schedule and who shall provide the Department of Finance with the telephone number and e-mail contact information for the purpose of communicating with the Department of Finance. Section 9. The adoption of the Enforceable Obligation Payment Schedule is not intended and shall not constitute a wavier by the Agency of any rights the Agency may have to challenge the legality of all or any portion of AB X1 26 or AB X1 27 through administrative or judicial proceedings. Section 10. At such time as the Agency becomes exempt from Parts 1.8 and 1.85, the Agency shall no longer be bound by the Enforceable Obligation Payment Schedule. Section 11. This Resolution has been reviewed with respect to applicability of the California Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of Regulations, Title 14, Sections 15000 et seq., hereafter the "Guidelines"), and the Agency's environmental guidelines. The Agency has determined that this Resolution is not a "project" for purposes of CEQA, as that term is defined by Guidelines Section 15378, because this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment. (Guidelines Section 15378(b) (5)). 81000-016.3V13)8802c3.doc G'Ird a', Vciunica Tapia\\Vord F 0cs\51atf Reports Agcncv re,olution ado;itine Statement of enlbrceable oblivat ion; docx RESOLUTION NO. 588 PASSED, APPROVED, and ADOPTED this 25th day of August 2011 by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Jean M. Benson, Chair ATTEST: Rachelle D. Klassen, Agency Secretary -4- 81OQil-01G3�1 788(12 , doc G.'.rdaWcnmica Iapial"ord hlcs'Sta If Reports'Agrnc) resolution adopt statement ut cntirrccable obligations does RESOLUTION NO. 2011-76 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT MAKING AN ELECTION IN CONNECTION WITH SERVING AS A SUCCESSOR AGENCY UNDER PART 1.85 OF DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH RECITALS: A. The Palm Desert Redevelopment Agency (the "Agency") is a redevelopment agency in the City of Palm Desert (the "City"), created pursuant to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the '`Redevelopment Law"). B. The City Council of the City (the "City Council") adopted Ordinance No. 80, approving and adopting the redevelopment plan for Project Area No. 1, and from time to time, the City Council has amended such redevelopment plan. C. The City Council of the City (the "City Council") adopted Ordinance No. 509, approving and adopting the redevelopment plan for Project Area No. 2, and from time to time, the City Council has amended such redevelopment plan. D. The City Council of the City (the "City Council") adopted Ordinance No. 652, approving and adopting the redevelopment plan for Project Area No. 3, and from time to time, the City Council has amended such redevelopment plan. E. The City Council of the City (the "City Council") adopted Ordinance No. 724, approving and adopting the redevelopment plan for Project Area No. 4, and from time to time, the City Council has amended such redevelopment plan. F. The Agency is undertaking a program to redevelop the Project Areas. G. AB X1 26 was signed by the Governor of California on June, 29, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the California Health and Safety Code. Commencing upon the effectiveness of AB X1 26, AB X1 26 suspends most redevelopment agency activities and, among other things, prohibits redevelopment agencies from incurring indebtedness or entering into or modifying contracts. H. Effective October 1, 2011, AB X1 26 dissolves all existing redevelopment agencies and redevelopment agency components of community development agencies, provides for the designation of successor agencies as successor entities to former redevelopment agencies, and provides that except for those provisions of the x I ouu-u 1 b.i`. t.IB I s4l v I .doc G'rd V. ronica'Iapia,Word Ftics`StatI Kcports\City Council resolution regarding succes;erenuIN. docs RESOLUTION NO. 2011-76 Redevelopment Law that are repealed, restricted, or revised pursuant to AB X1 26, all authority, rights, powers, duties and obligations previously vested with the former redevelopment agencies under the Redevelopment Law, are vested in the successor agencies. AB X1 26 imposes numerous requirements on the successor agencies and subjects successor agency actions to the review of oversight boards established pursuant to the provisions of Part 1.85. I. Pursuant to Health and Safety Code Section 34173 a city that authorized the creation of a redevelopment agency may elect to serve, or not to serve, as the successor agency under Part 1.85. J. AB X1 27 was signed by the Governor of California on June 29, 2011, adding Part 1.9 (commencing with Section 34192) to Division 24 of the California Health and Safety Code. Part 1.9 establishes an Alternative Voluntary Redevelopment Program whereby, notwithstanding the provisions of Part 1.8 and Part 1.85, a redevelopment agency will be authorized to continue to exist and carry out the provisions of the Redevelopment Law upon the enactment, prior to the applicable deadline established in Part 1.9 (with the earliest deadline being October 1, 2011), by the city council of the city which includes that redevelopment agency of an ordinance to comply with Part 1.9. Pursuant to Health and Safety Code Section 34192, if a city participates in the Alternative Voluntary Program and complies with all requirements and obligations contained in Part 1.9, the redevelopment agency in that city will be exempt from Part 1.8 and Part 1.85. K. As of the date of adoption of this Resolution, the City Council has not completed the process for adopting an ordinance to participate in the Alternative Voluntary Redevelopment Program. Therefore, the City Council desires to adopt this Resolution making an election in connection with serving as a successor agency under Part 1.85 in the event the Agency is dissolved pursuant to Part 1.85. NOW, THEREFORE, THE CITY COUNCIL 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 34173. Section 3. The City Council hereby elects to serve as a successor agency under Part 1.85 in the event the Agency is dissolved pursuant to Part 1.85. Section 4. The City Clerk is hereby authorized and directed to file a certified copy of this Resolution with the County Auditor -Controller no later than September 1, 2011. -2- 81000-0103\1381S41�I doc G:.rdaNcronica I apia,%ord Files`.Stall Reports',( it} Council resolution regarding successor enta .docx EXHIBIT A ENFORCEABLE OBLIGATIONS PAYMENT SCHEDULE au0uo-o163v3788ozc3-doc EXHIBIT A m m CL m W CL i m to M V c n t0 O V m Cl) N N [C Q G) CL 0 0 0 0 o S o 0 0 0 0 0 0 0 0 t0 0 O 0 O O O O O O t0 O o t0 0 O 0 0 0 0 0 0 0 N 0 N O O O c? 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C rn m M N =) m UC= m N m m tU O m f m 'p N m v (D O n O CO m N 0 n 0 m N N N atl1 N �S q 0 d 2) m c �a W W m (� O F X" CL O cD N O CN O N N N a) N N C ti y Q a) Q y Q ` 0 J J CL 7 Q (D CY J m O O O O r- N M C to O n O m O N M a to (D n W m N N N N U a O N m R a M to N m Q d a C) 0 O o 0 0 0 0 0 0 0 0 o o In S o 0 o 0 0 0 0 0 0 0 0 0 0 0 o 0 In 0 o 0 0 0 0 CI O (D O O> O O) oo 0 O O N O O t- O1 Iu v o) (D M ' V I— In O oo (D co Lo R O) In -T 1— In I- o (D t- cn O rn o- C N (D_ o v_ ao rn I- In ao (n o c 0) v (V (n ° N M Ion v f- M O 1- N In N M to I- IO a O n F- N N M Co N (D In V N Vi (n in M (n (n M Ni Ni N) (A (A tO 6% V) to W, (H to In 64 O N O QO) 0op O c) O U O c)V � O a0 cli C M Inn 10n O N N ID O) N O 'N ) N M w 0 O 0 N 0 O 0 O) 0 ap 0 0 p L Co O O Qi V M O CID O) N Z O t- I~n Ion a) N E v N lD O O N M V N m m a N M R C U m E O O O N O O O O) O m O O m O >. O c)Inn (D R C) coIco n O n O IInn O) coa. N Q V N (D T O M N 04 E E m p O O O N O O m oo O O o .I-- .-. °'n 17 O) O N :2 (O m .E a M i co N a o in N (nD O M N N N M ft. T O a > 0 C) 0 N Co C)R oo 0 9 c) O C w O O O) om < Nj O n ao m aT oo ap C w m IA to cn 7 (v In In O) N m Q Q N tD `t O ccq o yNE G O N M m N (n m m g .0 O O O O O O O C. O O O O O O o O In IO o O o 0 O O cI D a u 7 m O N O O O O O ao T N O O O O O O O m } O O O) O o) O w O'T N N O 1- oo cT N 1- O) O) a - IO O co (D co .4 Q In O N Q o N h o [D An n M In o In 0 l In oo u) M oD c0 (D (n v C I� oc a (D N O) C Zm e- IS ^ (D 4m ° I m lL /V O ~ ") m m CL a 70 ° c o o 0 0 0 0 0 0 0 0 0 0 0 0 0 o o ao n o n o 0 0 0 0 0 0 0 D �p O O O W O Ci D $) O co o O C) O In c) O1 O N c•) o) I`n � a) to V o) (D In cl _ O K O N N O V In O) O N In a0 u') O iA In N M C > y 7 0 O O (D o O) In < n M C) M (� In too n M (o V I� In T (p a0 O N `O O N (nD N ID In p O co N n m to m M co N p c O o w rn Q ff .N a c Q. N N m D .~m° O) Its -(-S CT O U N rJ D 47 m C o) O) .:. m C C (A U 14 yM ID C W m> U > cc D L - V y c°3 C j y * m Ip N N N Q 7 U N J N O M J E Ti O � _ ° a O L D ° C m N y m O w cm 0 O= C U C L V .L. C w0 7 m GI O U N O� O C O m O m N O >, .°-.. ` Y ` O m C m m (` o` L d D Z "' U m �L, U a C m m m u u (mn Q .2 2 m m C m c m c m Q u y U O U O U U W U m U m O D m U C O y` O O U m C m C m 0 O) m c O) U 0 7 O) O) O O) O O) U D Q ca (' c N 7 U lL a U m m U C m U C m U 'Ccm m m IM m c u c c c c m E c > C Y E E E E Q o o 8n u° E = c Ln m c N c rn x (5 m b x m o N O o x m x U x y m '� m c x C- m 'N N Z a m N m N m rn a) a .X m° X d m m 3 N x a) N x m N r 'x m m m C E o a c '- o c Z. c w E o m 3 E o ") m m c 2 c m c m m m o_ m a- C N c m y ° m a o a y N m U m a E c c v o o c m co m (n c o o c o 0 c o o a o w H -y c" o c - C aci E= c c o c u c c c O_ o D P E E C C C N a m C E O m D E Vi m- O E m E m C m E° m> O m N m Q m m o p) C 0 C .� °) °) `o a) o GE m m '� C Y �, Ia W O > T C E >' 7 TQ E o >` O_a u; .rn O j n o E T `a 16 i. o` rL Tt U m mT (p a`o I� �S) E �aa3a �a �a.E ma o0� u) am.� m ��aQ7aQ7(0Q7 0 m tea' D n L U G d (n m w D m y m rn� m a) 1 aal m c N D 13 m l a E n = m ¢ o $ a 1 m amio >1 co c o a 0 o m a o_ Q c N o E. III N w cl-•- .N O N ci m N m t i V. N cats u voNi Q ° a 3 Na) u Q= T o7 m c c 1 W m J > C m m a O C m C _' N D E Y N -«. N m O y. O m ~ U N .� H m O d m C 7 C C N .0 (L y = U O J O Cm 7 m m m Cm 7 Q r O L C o U 11J N 0- m o O u N 7> m ` 'L Q O y> c, S �N.. c E E 4 U E o N 7 L d 2' W U W m J (DO o (L (n > m m p m �OJE Q u Q m d c >m u 7 N C t m (� Ern G 3 C T C 4 J N n Y D a m c E E 0 m 0) It) w 4)) (D m C . m (� m o o a m E E E E y m- m' o o a d o �' C>>>> E m .0 C L a d > LL o 0 0 o E C .Q m U U m U m o m m w 4D a 2 E E E E Y m 0 cc c c Q Q y 3 c N to O a N E m ° c c c c v w w a A O m j Imil N N a '� Q >' N m d N d m U m O m O. O_ N Nm O c D a D a a(s C C t d C D 2 m m m c o y c c U U c °' E Q L) m r o 2 c Ti m m > T C C m E U>>> IL d 0. ~ m w 0 m yIn f0DO00 6 m 0 CL w d a) m m d N Z 2 S S m a L o: a w IL U w w U U w a` > LL LL 0. a a a � ,_ ' .- N M R In (D n W O O N m O a m rn a O O O O O O O O aD U0 $ �2 m aN0 O) 1- W C.:, fD F- N fil 64 to U m L N > C O O Z m T a N � V m � c n m E m a li _n J E 0 A E � m m C � a o E N M n m L r al'i a T M M O w m to m y Q J L m a' as 'o m u W rn c o 0 0 o m 75 a Z r � ci 0' D (D O O �j � o c)I tr N T U'A) VI m � vi o � o a v L rCL Z v ii a o m a CL c « m 7 Q tp C O O O cD S O O > Z to ;g - co o rn r v a m N OJ «O O� N q < N =0 O_ w d C -� m ROC Q Y M ' L m O m m L n J m N g y m G m tD N u m m m `mo$ N rn — E io m o, v W JM Q C cc L m N C C W a O U = O c4 C C C Q W _T w m L o C 'm m d Of (� c E E c tA« O C .m-. y O O� N m C m O a o c o " mo d m— E 2 v '° CL U. O_ C g E o min O O y o m y 9 _X N O_ O T > Nle W �m�N o c o E ter' m m O`; NN w _ O C m TD C C m o V C c m > L m 0 V c C m rn aQQ o a m aCya a0 m o m.0 O Q 7 L W = N O E ^ m N C m m N ft„1 N .t.. `o E u z v in x r u) a 3 m c o O . Q o tY ti Q c m c m a m 0 w as'm o u N a O c� 'a(Z v m w p X ui w C m m m m m a o U j t— O 05 -0 d � UP w in cL `O d m u c v a 1OE c a E c c m o �:ra 0 N O V 14 o C1 R �� C H C m -C a m n a A o. C 6 m m M O m m a o o o rn m O > m r ccc d 5 m o C o N e m N E n N c m o '� C C (L Q Z 2(J L H W m c ID y w = a C= m F 6 E o ° 0 rn to _`c o O z a a a 4 Z . � N M Name of Redevelopment Agency: Project Area(s) PALM DESERT OTHER OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34167 and 34169 (*) Pagel of Pages 27 Statutory Pass -through Payment Rancho Mirage Fire Payments per CRL 33607.7 12,714 835.00 835.00 $ 83500 28 Statutory Pass -through Payment PS Public Cemetery Payments per CRL 33607.7 12.500 821.00 821.00 $ 821 00 29 Statutory Pass -through Payment CV Resource Center Payments per CRL 33607.7 9,440 620.00 620.00 $ 620.00 30)ICounty Administrative Charges lCounty of Riverside TSB 2557 Fees 1 1 404.601.001 1 404.601.00 I I 1 1 $ 404,601.001 ITotais - Other Obliqations I 1 i $ 229,336,784.00 1 $ 23,421,385.20 1 $ - 1 $ 23,421,385.20 1 $ - I $ - 1 $ - I S 23,421,385.20 1 This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late August. It is valid through 12131111. It is the basis for the Preliminary Draft Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9130111. (The draft ROPS must be prepared by the Successor Agency by 11/30111.) If an agency adopts a continuation ordinance per ABX1 27, this EOPS will not be valid and there is no need to prepare a ROPS. *' Include only payments to be made after the adoption of the EOPS. ** All pavment amounts are estimates StlUa u+F-- w al -1-44 Nuc F11 v4 ♦vu II!^• aOv7 -:,, c --- ('L Ll0£IL L Aq Aoue6d JosseoonS e41 Aq paiedoid eq lsnw SdON lleJP e41) ' LLIO£16 Aq Aoue6V 0u!nlossip e4l Aq paied aid eq lsnw 4014M•(SdON) elnpa4oS luewAed uo!la8!!g0 pez!u6o0aa lleJa AJeu!wlleJd e4) JOl s!seq e43 s! M-LL!L£IZL 46n0J41 P!IeA s! 11 •lsn6ny elel ue4l Jelel ou Aoue6e lueLudolenepoJ e41 Aq paldope aq of sl (Sd03) elnpe43S juawAed uo!le6!1gO e!geeoJo;u3 6141 . seaJe l0alad ald!pnw woJl pled s! lOafoJd £ luawaej6e palelndgs uo paseq 6ww!1 uo )uepuadap lelol lenloe 'awil s!4l le palewgso lelol sapnpul paloagaJ lunowV Z alep of 6u!puelsln0 lsaJalul pue led!ouud sopnloul uoge6!Ig0 L 0£'SZ8'L8E'LL $ L L 86£'89Z $ l l'86E'84Z $ l l 86E'94Z S L L'ZbZ'E6Z9 $ L t t L9'Y8E'4 S LL'£OL'9LE'61 $ Q 6L'LZZ'L09'6LS S sa ed 11V - Ie101 PueJO suo!le6!190 Ja410 - slelol Z a6ed - slelol a6ed s!41 -slelol 00 L£l'ZZ6'9 S $ $ S 00'L£L'ZZ6'9 $ - $ 001EL'ZZ6'9 S £6Z£L'008'99£ $ OE EZ9'LW L S l6*96£'6£ l $ LE"86£'6EL $ L£'86E'6£L $ LE'86£'6£L $ l£'86E'6£L $ ZS'£LZ'L49'L S E6 SL9'069'£L S 00'89L'8LS 6 S 08 666'9M S 08'666'80L $ 09 666'80t $ 08'90L'L£Z $ OSSIZ'SVZ'9 $ 9Z £6Z'908'L L S E£ L08'60£'08I $ 09 098'S $ 00 LOL L L 002768'09 sa0!Juas leuo!ssa)oJ Jo; oeJluoo 6ul!s!xa Jed sluaw4ed o 8suers3 '14el saolua 6u 7! n (9Z 00'996'9 $ 00'OE6t L 00'064'ZL saowas leuo!ssa;oJ Jo; loeJluoo 6ul!s!xe Jed sluawAed looss uawdo ana a e!wo ! e V 1 I p 2i 11 0 uo! e!ooss euo!ssa a i V I l d SZ 09'699T $ 00'6£L'L 00'LSL'LE soouuasleuo!ssaloJ Jol loeJluoo bups!xaJad sluawAed Ja6au sa N'81 g-Isag saOwaS le6al bZ 09'ZES'Z9 $ 00'990'98 00 099'Z9h sa0was leu01Ssa}OJ Jot loeJluoo 6ul!s!xa Jad sluawAed uo sJ uos e s Je 0! y a`J 8 1 M' P 4 a saDIA e6a aS I l £Z 00 EY£'9 $ 00'9992L 00 0Z0'99 Sao, s leuo!ssa)oJ Jot loeJluoo 6u4!sixa Jad sluawAed ueppylA saOlNaS aJnsops!a ZZ OS L99'L S 00£ZE'9L 00'6EL'6L sa—jas ieuo'7ss—ol-o—jU Jot loeJluoo 6up.slxa Jad sluawAed >lueg o6Jej spa/N saOwaS aa)snJl (LZ OO OOS' L L $ 00 009' L L 00,009, L t A1!!10e3 q!unwwo0/agenby ayl 1 PalelaJ slOsAuoO bulls!xa uo sluawAed oul wJelV uasaa gg!0e j o!lenbV OZ 00 £96' L L $ Oo E96' I I 00'£96' L I 00 B aJoow P!Aea Alq!oe j o!lenby 6 L OO OOb 99 $ 00,000'99 00 0017 99 sJolanJluoO aSV Al!l!0ej o llenby 9l 00 099 99 $ 00 089'89 00'089'89 sluellnsuo0 asaJ8nu00 Al!lloej ollenbV L L 00'9LE 8LL'Z $ 00'9IE'8L1'Z 00'91E SLL'Z sJo onJluo 3 o 21SV Al!IlOe j o!lenby 91 00 000,E l $ 00'000'£L 00 000,E l so!y eJ of ab lweld /gpej ogenby S L 00 691'"9 $ 00'691'4b9 00 69 0749 0II 'sajEl00SsV sueA3 pino0 Apjpej agenby YL 00 OSL'6 $ 00'O9L'6 00 09L'6 sn we0 alelS le0 liesa(j wiled eLl le sluawanoJdwi pails a4l 1 PalelaJ SI3E4uG3 6u!lsixa uo SluawAed 6upInsuo0 uo)y6!al aJnlonJlse4ul 4!SJaA!un ams Ie0 £L OO S8Z'69L' L $ 00'S9Z'v91' L 00'98Z'49t' L uo!lonJlsuoO Ael000 aJnionJlse4w AvsJanuJ(I alelS !e0 Zl 00198'9 S 00'L98'9 eaJe 4{JoN a4) anJas of uogels aJg palarulsuoo Alrnau a 1 PalelaJ sloeJluoO 6u!{s!xa uo sivawAed 6u! gnsuoO VSW uogelS aJi j aJaydS 4U0N L l 00'09L'8 $ 00'OSL'8 elso0y Apna uo!le1S an j aJaydS 41JoN Ol 00 099 819 $ 00'099'8LS 00'099 919 LLtt uopelS aJ!j {e uo!lenouaJ 01 PalelaJ loeJluoo bups!xa uo luaLUAed dnoJO 6u!pl!ng eluad uo!lenouaa uogejs and 6 00 19S'SL£ $ OZ'ZL V9L OZ ZL L'SL OZ'ZI I'SL 0Z211'SL 0Z ZL l'91 00'ZZ1'191 £E 909'S9L'E luawAedad u201 Xd3S 01/60OZ ueo-1 6u!snoH !i ! 8 00"989'9Z $ 09 L£I'9 09 M'S 09'LEl 9 09 L£L'9 09 LE L'(; 00'9L£'lS 00 000'614'S uoglslnboy Avado.b Jol ueol lJasaa wiled 10 40 a0uenpV Al!o L OO OSL'99 $ OO O9L'£L 00'09L'EL 00'09L'£l 00O9L'£L OO 09L'£I 00 009'LEL 00 000'9£9'Z uoRiSlnboy AlJadoJd Jol ueol POsaa Wled )0 AVO aouenpy Al!O 9 00 000'SL $ 00 000'9L 00 000'SL 00000,91 00 000'9L 00 000'9I OO 000 O91 00 000'009'S uoq!s!nboy A1JadoJd Jol ueol lJasao wled 10 AVO a0uenpV Al!0 S OO LOL'ZZI $ OO LOL'ZZL OO LOL, L 00 LOL'ZZL s nJ41-ssed leu!6uo to luawasJngw!ab aplsJan!a to f4unoo L6/06 Pue 69199 Jot luawasJngw!aa d10 AlunoO (4 00'M9'L0L'Z $ 00 469'LOLZ 0519E'£89'E 00'486'ZL8 1 L L luawAed aa!AJaS lqm lenuuy-!waS >lueg o Jej sllaM £LZ'8l9'L9$ anssl puog uo!leoopy xel 900Z lE OO E09'49£ S 00 £OS'48£ 9Z 900'69L 00.99£' LZ8'6Z luawAed aa!nJaS lgaa lenuuy-!waS )hies o Jej sllaM o00'S4L'S L$ - anssl puog uopwiolIV xel EOOZ Z 00'6L8'£40 I S 00 6L8'£1'0 L 09 LE9'90£'t 00 6b9' LZL'Sl luawAed aalluaS lgao lenuuy-!waS Jlueg o Jej SIRM 000'OLE'L3 - anssl puog 6ulpurpH uo!leoollV Xel ZOoZ L lelol 0aa AoN lo0 idaS ny Jeo k leoslj 6uuna ana lelol uo!le !lq0 Jo lga0 6u!puelsln0 lelol uo!lduosaa aaAed uoge !j90 lgaa I aweN 138,oJd 41uow q sluaLued W 6MIC PUe L9Lb£ U0E338S - 9Z 8V Jed 3-inMHOS 1N3WAVd NOIIVD1180 318V30N0=IN3 S86ed 10 t a6ed 1N3S30 WIVd (S)eaJV 1091OJd :A0ua6V luawdolanapaa to aweN Name of Redevelopment Agency PALM DESERT Page 2 of Pages Project Area(s) 2 ENFORCEABLE OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34167 and 34169 (") i Total Outstanding Total Due During Payments by month Aug" Sept Oct Nov Dec Total Project Name / Debt Obligation Payee Description Debt or Obligation Fiscal Year t Aquatic Facility MG Lighting & Electric Payments on existing contracts related to the 6.000.00 $ 6,000.00 1} Aquatic/CommunityAquatic/Community Facility. Well Sites Payments on existing contracts related to the 2 CVWD North area required future well sites. 567,246.00 $ 667,246.00 Payments on existing contract related to the Public Safety Academy Reimb College of the Desert reimbursement of College of the Desert for the 200.000 00 3 S 200,000.00 3 construction of the Public Safety Academy. Project Area Administration Allowable Costs per Admin Plan -staff, utililities, , 4professional services, etc 2 699,715.86 777.352.00 77.735.20 77.735.20 77,735.20 77,735.20 77,735.20 $ 388.676.00 J Vested Employee Benefit Obligation RDA Assigned Employees Obligation based on accrued leaves and current 3,160,729.63 583,655 10 58,365.51 58.365.51 58,365.51 58,365.51 58,365.51 $ 291,827.55 5 Vineyards, Emerald Book Western Center for Poverty and Law (AKA Palm Desert 103) Stipulated Judgement Case No. 51124 5,257,672.87 ' 53,222.50 $ 26.61125 PDHA subside for 1,100 6 Affordable Units PDHA Property Management Payments on existing contract for the Housing , RPM Com an Authori roe mana ement. 131,905.00 32,976.00 3,297.60 3,297.60 3,297.60 3,29760 3.297.60 $ 16,488.00 L PDHA Propertes 's Payments on existing contract for Housing 645.00 $ 645.00 And Landscape and Tree Authority property maintenance. 645.00 PDHA Properties Payments on existing contract for Housing s 1.120.00 S 1,120.00 P109) West Coast Arborist Authorit roe maintenance 1,120.00 Replacement Reserve Fund Palm Desert Housing Authority 1,100 Affordable Housing Apt Com 's 1.189.692.57 ' 179,799 92 S 1 1) Monterey @ 1-10 Imps NAI Consulting payments on existing contracts for the street 500.00 $ 500.00 12 Monterey @ 1-10 Imps Robert Bein Frost & Assoc 61 386.00 $ 61,386,00 [L31 Monterey @ 1-10 Imps Overland Pacific & Cutler improvements related to arterial access inbound and outbound from Interstate 10 on Monterey. 2,484.00 $ 2,484.00 14 Monterey @ I-10 Imps LSA Associates 8,930.00 $ 8,930.00 1151Monterey @ 1-10 Imps Robert Bein Frost & Assoc 137.123.00 $ 137,123.00 Payments on existing contract related to the Portola @ 1-10 Imps Dokken Engineering alignment of Portola Avenue to connect with the 69,235.00 $ 69,235.00 16 proposed new interchange on 1-10. Reporting Services Redevelopment Reporting SoiL Payments per exisitng contract for professional 17 services 24,163.00 4,643.00 S 2,321.50 1Liability Insurance California JPIA Payments per exisitng contract for professional -1-81services. 66.450.00 12,769.00 $ 6.384.50 Banking Services Union Bank of California per exisitng contract for professional 19) services. services. 5.678.00 1,091.00 $ 54550 Totals - This Page $ 13,690,675 93 $ 1,647,273.52 $ 139,398.31 $ 139,398.31 S 139,398.31 $ 139,398.31 $ 139.398.31 $ 1,887,523.30 1 Obligation includes Principal and Interest Outstanding to date 2 Amount reflected includes total estimated at this time, actual total dependent on timing based on stipulated agreement. 3 Project is paid from multiple project areas. This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late August. It is valid through 12131111. It is the basis for the Preliminary Draft Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9/30111. (The draft ROPS must be prepared by the Successor Agency by 11130111.) If an agency adopts a continuation ordinance per ABX1 27, this EOPS will not be valid and there is no need to prepare a ROPS. " Include only oavments to be made after the adootion of the EOPS. sa;ewl;sa eje s;unowe;uaw a 11V ... 'SdO3 ey; to uoi;dope ayl Jane spew eq o; s;uawAed Aluo apn!oul ., 'SdON a eJedaJd o; peou ou si eja4i pue plies aq lou !I!M SdO3 s!43 'LZ LXSV Jed aaueuipJo uoilenuiluoo a s3dope Aoua6e ue 11 ('LL/O£ILL Aq 43ua6y JossaoonS ay; Aq paJedaJd aq Ism Sd011 3leJP a41) IL JOE/6 Aq A3ua6b 6ulnlossip ay3 Aq pejudoid aq;snw yolyee'(SdM0 a!npayoS 3uawAed uolle6ilgO peziu600ab ueJa AJeulwllaJd ayl Jol slseq a43 s! 31 'LL/LE2L 46noJyl p!1en sl;l lsn6ny a;ei uey; Jalel ou A3u96e luawdolanapaJ 043 Aq paldope aq o; s! (Sd03) alnP043S luawAed uoile611g0 elgea3Jo;u3 s!41 . 00'1-EL'ZZ6'S $ - $ - $I $ 00'LEL'ZZ6'S $1 00-LEL'ZZ6'S S E6'L£L'009'98£ S suo!le6ilg0 J0430 - slelol - $ ZZ $ (lZ - $ (OZ - $ (6L 00'9ZL'0£L $ 00'9ZL'0£L 00'9ZL'0£L 00' L61'£69'b saad L99Z SS ap!SJ9nl8 to uno:) sa6Jey:) aAlleis!ulwpy Aluno:) (9L - $ 00 0 00 0 £L'99Z'6 L109££ 1?10 jad sluaw ed Jaluao aoinosaa AD luawAed y6nayl-ssed AJolnlels L L - $ 00'0 00'0 £O'ZL6'9£9'L L'LO9££ lag jad sluaw ed QMAO luawAed y6noJ4;-ssed AJolnlels 797 S 00'0 00'0 9ti'OOL'LO£ L L09££ l2!� Ja sluaw ed odL!A� luawAed 46nay;-ssed AJolnlels 9L - S 000 00 0 99'9ZL'0£b L109££ 180 jad sluaw ed lel! s0H Vasa(] luawAed y6na4l-ssed AJolnle35 4L - $ 00'0 00'0 49'ZLO'9L L L09££ lHo jad slu Ajajawao 011gnd Sd luawAed y6nayl-Ssed AJoln;els £L - $ 00 0 00'0 40' L6£'09 L L09££ lt10 jed sluawAed iialawao oslgnd AO luawAed y6nay;-ssed AJo;nlelS (ZL - $ 000 00 0 £L'9l6'96 L'L09££ la0 jad sluaw ed ua p I? Wd ba8 00 Aid{ ;uawAed y6nayl-ssed AJolnlels L l - $ 00'0 00'0 L6"OL1'69Z' L L'L09££ 180 jad sluaw ed Vasa(] wled;o Aa10 luawAed y6nayl-ssed AJolnlels OL - $ 00 0 00 0 OZ LZ6'61?,9' L L L09££ 1210 iad sluaw ed aJs:j AlunoO luawAed y6nay;-ssed AJolnlels 6 00'966'96 $ 00 466'96 00 466'96 00'91FZ'9 L0'4 L04££ 180 JawJol jad sluaw ed slooyx Aluno:) ap!SJanla luawAed y6nayl-ssed g - $ 00*0 00'0 £6'bL5'L00'9 LOb££ 180 JawJol jad sluaw ed loa(ad ssal)b leuol6ab luawAed y nayl-ssed L 00 666'S9L S 00 666'S9 L 00 666'99 L 00' L69' L9L'L L06££ 180 JawJol jad sluaw ed (isnSd 3u@wAed y6noJyl-ssed (9 00'9Z9'£69 S 00'SZ9'£6S 00*9Z9'£69 00 L9£'9£9'4Z L04££ 180 JawJol jed sluaw ed 4Sf1S0 luawAed y6nayl-ssed S 00 £b17'9LL $ 00'£4b'9LL 00'£64'9LL OO LOL'Z9£'L LOb£E laZ) JawJol Jad sluaw ed CID30 luauJAed y6noJy;-ssed (ti 00 OS9'4ZZ $ 00 099'4ZZ 00 099'4ZZ 00' L9£'Z90'9 LOY££ 180 JawJol jad sluaw ed (IVWA:) luawAed y6na4;-ssed (£ 00'OLb'Lbti $ 00'OL4'L" 00'OLb'Lbb 00 909'LL9'69L LO4££ -180 JawJol jad sluaw ed AJeJq!l Aluno:) luawAed y6nayl-ssed Z 00 L£Z'L90'6 $ 00' L£Z'L90'4 00' L£Z'L90'17 00'9L0'99L'S17l L04££ -180 JawJol jad sluBw ed apisJanlb to A4uno3 luawAed 46noiLA-ssed 4 lelol Dad AoN lo0 i aS ..6ny lea', leosld 6uunp and Ielol uolle yq0 Jo lga0 6uspuelsin0 lelol uollduosa4 aaAed uoge llg0 lga4 / aweN 10a!oJd 43uow Aq s;uawAed G) 6MIE PUB MVE U01130S - 9Z 8b Jad 31na3HOS 1N3WAdd NOUVEHISO M3HIO (S)eaJV 10a(oJd 986ed 10 L 96ed 183S30 W1Nd :A0uebV luowdolanapaa 10 aweN Name of Redevelopment Agency: PALM DESERT Page 1 of Pages Project Area(s) 3 ENFORCEABLE OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34167 and 34169 (') • Total Outstanding Total Due During Payments by month Aug"' Sept Oct Nov Dec Total Project Name i Debt Obligation Payee Description Debt or Obligation Fiscal Year 1 2003 Tax Allocation Bond Issue - $4,745,000 Wells Fargo Bank Semi -Annual Debt Service Payment 6,502,791.00 ' 296,225.00 93,113.00 $ 93,113.00 2) 2006 Tax Allocation Bond Issue - $15.029.526 Wells Fargo Bank Semi -Annual Debt Service Payment 32,548,138.00 ' 761,075.00 278,038 00 $ 278,038.00 3 L/M Housing Loan 2009110 SERAF Loan Repayment 970,313.00 ' 194,064.00 19,406.40 19.406.40 19,40640 19,406 40 19,406 40 $ 97,032.00 4 Cook Street Widening Cooley Construction Payments on existing contracts related to the infrastructure improvements on Cook Street. 2,639,182.00 2,639,182.00 $ 2,639,182.00 5 Cook Street Widening Harris & Associates 19,293.00 19.293.00 S 19,293.00 6 Cook Street Widening Cooley Construction 200,144.00 200.144 00 S 200,144.00 7 Cook Street Widening 9 Gau ush, Joseph g P 12,173,00 12,17300 $ 12.173.00 8 Cook Street Widening Robert Bein, Frost & Assoc 15,318 00 15,318 00 $ 15.318.00 9 Cook Street Widening Sladden Engineering 9,700.00 9,700.00 $ 9,700.00 Payments on existing contract related to Public Safety Academy Reimb College of the Desert the reimbursement of College of the 500,000.00 ' 200.000.00 $ 200.000.00 Desert for the construction of the Public 10) Safety Academy Project Area Administration Allowable Costs per Admin Plan -staff, J 11 utililities, professional services, etc. 710A51.54 204.566.00 20,456.60 20,456.60 20.456.60 20,456.60 20.456.60 $ 102,283.00 6current 6s Vested Employee Benefit Obligation RDA Assigned Employees Obligation based on accrued leaves and MOIL. 1,671,398.37 308,625.60 30.862.56 30,862.56 30.862.56 30,862.56 30,862.56 $ 154,312.80 Falcon Crest Affordable Housing Development - Homeowners at Wester Center on Poverty and Law lots 1 through 93, et al. Stipulated Judgement Case No 51124 21,044,595.03 ' 1,714,535.50 S 857,268.25 PDHA Subsidy for 1,100 13 Affordable Units 14) Replacement Reserve Fund Palm Desert Housing Authority 1,100 Affordable Housing Apt Com 's 1,189,692.57 ' 179,799.92 $ - PDHA Property Management RPM Company Payments on existing contract for Housing 131,905.00 32,976.00 3,297.60 3,29760 3,297.60 3.297.60 3.297.60 $ 16.488 00 15 Authority Property Management. 3 PDHA Properties Andy's Landscape and Tree Payments on existing contract for Housing 645.00 645.00 $ 645.00 16 Authority Property Maintenance PDHA Properties West Coast Arborist Payments on existing contract for Housing 1,120 00 1,120.00 $ 1,120.00 17 Authority Property Maintenance a Trustee Services Wells Fargo Bank Payments per exisitng contract for 42,164.00 8,102.00 S 4,051.00 18 professional services. Totals - This Page $ 68209,023.51 ,797,544.02 $ 74,023.16 $ 74.023 16 $ 445.174.16 $ 74.023.16 $ 74,023.16 $ 4,700,161.05 $ 410078.0078,800.00 tI$ $ - $ - $ - $ - $ - $ 39,40000 Totals - Page 2 $104,346,365.99,918,450.00 $ is 1,918,450.00 S $ $ $ 1,918,450 00 Totals - Other Obligations Grand total - All Pages $172,965.457.50 S 8,794,794.02 11 $ 74,023.16 $ 1,992,473.16 $ 445,174.16 S 74,023.16 $ 74.023.16 $ 6,658,011 05 1 Obligation includes Principal and Interest Outstanding to date 2 Amount reflected includes total estimated at this time, actual total dependent on timing based on stipulated agreement. 3 Project is paid from multiple project areas. ' This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late August It is valid through 12131111. It is the basis for the Preliminary Draft Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9/30111. (The draft ROPS must be prepared by the Successor Agency by 11130111.) If an agency adopts a continuation ordinance per ABX1 27, this EOPS will not be valid and there is no need to prepare a ROPS. •'' Include only payments to be made after the adoption of the EOPS. 'Sd03 e41;o uoil ope ayl jeue spew aq of r4uawAed Alua apnloul „ 'SdOa a ajedaid of peou ou sl eJe43 pue pllen eg lou Illy^ SdO3 s141 `LZ mV led eousuipio uollenulluoo a sidope Aoue6e ue ll (' LLIO£/L l Aq AouaBy josseoonS eyl Aq pejedaid eq Ism Sd011 IMP e4111 'L L/0£IB Aq Aoua6y 6uiNossiP a4l Aq pejedaid eq isnw 4314M '(SdON) elnpe4oS luuwAed uolleBilg0 pazlu600ekl ueJp fJvulwllaJd e4l io; slseq eyl sill 'L L/L£2L 46noiyl plleA sl it 'isn6ny a;el uey; ja;el ou A3ua6e luawdolanapaJ 043 Aq pe;dope eq of sl (Sd03) elnpa4aS luuwAed uollesllg0 elgeooj0;u3 s141 , 'seaie loaloid aldlpnw woy pled sl loaloJd £ 'luawaaAe paieIndlis uo paseq 6wwil uo luepuadep leiol lenioe 'awil slyl le paiewllse leiol sapnloul paloagai;unowy Z alep of 6ulpue;spn0 imaiul pue ledlouud sapnpul uolle6ilg0 l 00b6 $ ® S 00088L 008L0'O4 $ d sl41 leolOO 09 88Z $ OO LLS 00 £00'£ saoinies leuolssa;oid jol loeiluoo 6upslxe jad sluawAed elwoneo;o dues uolun saowaS 6ul�ueg 8 00 9L£'E $ OO ZSL'9 OO L£l'S£ saomies leuassa;ad J01;0ej1u00 6ullslxa jad sluawAed V1df eiwo;ileO aouemsul Ai!pgell Q 05 LZZ'l $ 00'9517'Z OO LLL'Zl sa0lnias jeuoissa}ad col peiluoo 6uilslxe jad sluawAed OgnloS but oda u 2i luawdo�anapaa sa0in�ag 6wyodaa 9 09'E60'£ S OO L8l'9 00 86 L'Z£ SaOlivas leuolssa{a Jo; pailuo0 6upsixa jad sluawAed 00 V suen3 '1491p saowaS 6ugipny g 00'E89'£ $ 00"99£'L 00 l££'8£ seovuas leuolssa;a jo; ioeiluoo 6u4isixa lad sluawAed cl erOossy ivawdolanapaa elwo;peg uolie100ssy leuolssa;ad p 05 L88' L $ 00 5LL'£ 00 9Y9'6l 'saowaS leuolssa;a 101 ioeiluo0 bullSlxa gad sluawAed 1a6au N isa9 ise8 sa0in�ag �e6a� £ 00'O63•'ZZ $ 00'086't'4 OO LLO'b£Z saopuas leuolssa;a J0; ioejiu00 6upsixe jed sluawAed uoysjaO p uosieM 'spjetplj saowaS le6aj IZ 00 99£'£ $ 00'90L'9 OO Ol6'Y£ s901Mas leuolssa;a J01;0ejiu00 6ullslxe lad sluawAed ueppM sa0ini8S amsolosld L leiol oao noN too ldaS .. nd jeaA jeOSld uoge gqp jo 1gaQ uollduosap aaAed uolie61g0 lga4 / aweN;Oa.ad 6uuna and leiol 6ulpuelsin0 leiol yiuow q sluawAed (.) 6961►£ PUe L9M U01130S - 9Z SW gad 3-inO3HOS 1N3WAVd NOUVEM SO 31SV33SO:JN3 se6ed 10 Z abed i83S34 Wlyd (s)eeJy 100foid :Aoue6y luawdolanapaa;o aweN Name of Redevelopment Agency. PALM DESERT Pagel of Pages Project Area(s) 3 OTHER OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34167 and 34169 (*) i Project Name / Debt Obligation Payee Description Total Outstanding Debt or Obligation Total Due During Fiscal Year Payments by month Aug" Sept Oct Nov Dec Total El Pass -through Payment County Fire Pa ments er former CRL 33401 9,159,771.00 198,695.00 198,695.00 $ 198,695.00 ? 2 Pass -through Payment County of Riverside Pa ments Per former CRL 33401 48,083,956.00 1,042,629,00 1,042,629.00 $ 1,042,629.00 3 Pass -through Payment County Library Payments per former CRL 33401 5,329,293.00 115,558.00 115,558.00 $ 115.558.00 4 Pass -through Payment CVMAD Payments per former CRL 33401 703,410.00 9,475.00 9,475.00 $ 9,475,00 5 Pass -through Payment CVWD Payments per former CRL 33401 1,612,003.00 21,715.00 21,715.00 $ 21,715.00 6 Pass -through Payment DCCD Payments per former CRL 33401 1,932,682.00 26.034 00 26,034 00 $ 26,034.00 7 Pass -through Payment DSUSD Payments per former CRL 33401 9.300.851 00 125,288 00 125.288 00 $ 125.288 00 8) Pass-through Payment Regional Access Project Payments per former CRL 33401 19.404.908.00 332,520.00 332.520 00 $ 332,520 00 U9 Pass -through Payment Riverside County Schools Payments per former CRL 33402 1,051,478.00 14,164.00 14,164.00 $ 14,164.00 ` 10 Statutory Pass -through Payment City of Palm Desert Payments per CRL 33607.7 3,251,117.76 0.00 0.00 $ - 11 Statutory Pass -through Payment Riv Co Req Park & Open 1 Payments per CRL 33607.7 289,8D9.90 0.00 0.00 $ 12 Statutory Pass -through Payment CV Public Cemetery Payments per CRL 33607.7 263,546.91 0.00 0.00 $ - i 1q1 Statutnry Pacc-thr-nuah Pavment Desert Hospital Pavments per CRI 336�7 7 838 523.08 OAD O.DO $ - 14 Statutory Pass -through Payment CVRPD Pa menu er CRL 33607.7 1,606,161.20 0.00 0 00 $ 15 Statutory Pass -through Payment JCV Resource Center JPayments per CRL 33607.7 23.550141 0001 0 00 $ 16)lCounty Administrative Charges County of Riverside SB 2557 Fees 1.495.305.00 32.372.00 32.372.00 $ 32.372.00 17 $ - 16 $ - 20 $ - ' 21 $ - i 22 $ 23 $ - Totals - Other Obligations I 1 1 $ 104,346,365.99 $ 1,918,450.00 $ $ 1,918,450.00 $ $ 1 $ - $ 1,918,450.00 * This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late August. It is valid through 12131111. It is the basis for the Preliminary Draft Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9/30/11. (The draft ROPS must be prepared by the Successor Agency by 11130111.) If an agency adopts a continuation ordinance per ABX1 27, this EOPS will not be valid and there is no need to prepare a ROPS. *" Include only payments to be made after the adoption of the EOPS. **' All payment amounts are estimates 'SdO3 a4l;o uo!3 ope e4; je4e spew eq o; 94uowAed Aluo epnl3ul „ 'SdON a ejedeid o) paeu ou st eje41 pue PlleA ag )ou 11!M Sd03 SM 'LZ LX9V jed eaueulpio uollenu!;uoo a s;dope Aouebe ue;I ('tt/0£/t L Aq Aoue6V josseoong e4; Aq pejedaid aq;snw SdON 49JP e41) 4 1,/0£/6 Aq A3ue6V 6ulAlosslp a4; Aq pejedaid eq;snw 014m '(SdON) elnpe43S )uawAed uope611g0 pez!u600eN yej0 tieulwlleJd e4) jol s!seq e4; sill 't t/t£/Zt 46noj4; PllcA St ;I Zsn6nV elel ue4; Je)el ou ADue6e;uewdolan8P8J e4l Aq peldope eq o) s! (Sd03) alnpo4oS )uewAed uol)e611g0 elgeeojolu3 s!41 . sewe 10a>ojd ald!llnw wog pled s! pa!Wd E luawaai6e palelndlls uo paseq 6u!w!3 uo luapuadap lelol lenloe 'awg s!yl le pa3ew!lso lelol sapnpui papagai lunowV Z elep of 6upuelsino 1saialul pue led!ouud sapnpu! uo1;e61I4o I ST'l91''9LObl $ 4Y'9b5'8LL S vb94S'8LL S Vb'6L8'£00'Z S 1'1,'LEO'LE6'9 $ Pt,'9K'91.L $ LO6Z0'8L0'l1$ 6L96£ L66'L9E$ Sa edIIV-Ietolpuei0 suope64.IQo ja43o - slelol Z a6ed - slelol a6ed sl41 slelol OO 1,617•8189 $ $ - $ - S OO L60'8L8'9 $ - $ DO 1,61'•8L8'9 $ GO'OLL'£46'98Z $ SO SLZ'S96 $ 69 L04'39 $ P91017,99 S 179 LOV99 S 99 10b'S9 S 49 LOtr 99 S Z8 GE9'SV6 $ 41 68Z' L09'V $ 002SL'OLZ'Z $ 08 "t E5 $ 08 "CES S 09 LL4'8E6'L S 08 j?vVES $ OS "1, E5 S SZ L00'b9Z £ $ 99 9£6'949'9L S OO L S 00 4� OO OL 'saolAiaS Ieumsa;oi Joj loeuuoo 6u31s!xa iad sluawAed epople(] )o Nuee uo!un saowaS 6uixueg 9L 09 08 S 00 L9l 00'9E8 saowas leuOlssa)Oi jo; 3oeJluoo 6ut!s!xa iad sluawAed Vldf e!wo;!fez) aoueinsul f4ipcl -I S L OO 6Z S 00'89 00 POE sao!nlas leuo!ssa)a ognloS 6ugiodaa tuawdolanapab saowaS 6u!ljodaa bt lol toeiluoo 6ups!xa iad sluawAed 04'EL $ OO Lbl 00 99L saowas Ieuolssa;a JOl t3eiluo0 6ul!s!xe jad sluawAed o(]g suen3 lyal(] sao!niaS 6u!!!PnV E t 09'LS $ 00'9L1, OO Z16 'saowas jeuoissajold jo) loeiluoo 6ul!s!xe jad sluawAed loos uawdo ana e1w01 a 3 I Pea l l(] uo! e!0oss euOlSsa a 3 V I i d ZL 00'9117 $ 00'06 001917 'saowas leuo!ssala Ja6au sa N 8 1 8 3saS SaoiniaS le6a� L L col peguoo 6u;!s!xa jad sluawAed 00'SES $ OO OL0 L 00'89S'S saowas Ieuolssa/oj io; 13eiluoo 6upsixa iad sluawAed uo sia uos e s e a! 4 J 8 l M' W 4 a saawa e6a S I l 0L 0009 S 00 09L 00'OE8 saouuas leuolssa)oi jo) peiluoo 6ups!xa jad stuawAed uePIPM saovuaS amsolOs!(] 6 OS 96 $ 00 E6l 00"E00 L saowas lu Ae jo) lOeiluoo 6ul!s!xa gadd sluawAed Nueg o6ied sgaM saowaS aalsnJ.L 8 ? ON eaJV L 00' 1,98'6E $ 00 1,98.6E )oafad u! sagypjo 6u!punoi6iapun saowaS lepueu!d uePIRM 6u!puna6iapun gnl(] Ailuno(] (]d 1 palelaj loejlum 6ugs!xa Jed sluawAed s w! ainlorulseip 9 OO'OZIr L $ 00'OZb'L pue 'sainpruls 6u!ls!xe of sluawanojdwi oal!aH sluawanaduil O!Ignd b Vd opedel •6uwsno4 algepiolle 'saowas Aoua6jawe jo; sag!l!oe) oggnd prulsuoo pue dolanap of Sluawanoidwi oygnd a41 S 00'096' L t S 00'08E' l L ol palelaj loeiluoo 6ullsixa iad stuawAed Moo u61saa aA133eJalul stuawanadwl o!Ignd 6 Vd OO tZL'99Z $ OS b4V69 OS b4l'E9 08'44t'ES W"I.'£S 09111PVE9 00 940' lES c 99'8£Z'LS9 Z luaw edab ueol 4Vb3S 01/60OZ ueo0 pun j 6usnOH yy/ 1 6 00 6£7'9% $ OO SEV968 00 Sv8' L I. Z, l 00'9Zl'9LL'8E luaw ed aowaS lgaa lenuuV-!waS Nueg o ie3 spats anssl Puog uo!leoOIIV %el 680'ELZ'6 I 900Z E 00 8ZO'ZV9 S 00 8ZO Z49 9Z L LO'ES6 00'£i'6'SSZ'ZZ ;uawAed aowaS lga(] IenuuV-lwaS Nue8 0 jeA s(laM anssl Puog uo13e3OIIV Xel 000 969'S L$ LOOZ Z OO OL9'94E $ OO OL8 94E OO S£9'999 00'£lZ'688'2L ;uawAed a:)IAiaS;ga(] lenuuV-!waS Nueg o Jej s118M onssl puog uolleoollV Xel OOO OZO L L$ 866E t letol oa(] AON l00 1 aS .. nV jeaA IeOs!j 6uun(] on(] le)ol uo!le !Igo jo lga(] 6u!puels3no lelol uo!3 !ruse(] as ed uo!le Ilgo iga(] / aweN tOa ad y3uOw Aq stuawAed G) 69tiPC Pue LME 1-10133eS - 9Z 8V Jed 3ina3HOS 1N3WAVd NOIIVDI190 3113V33HOzIN3 sa6ed 40 l abed INZIS3(] WIVd (s)eaJV loaloJd Aoua6V )uawdOlanapaN )o aweN Name of Redevelopment Agency: Project Area(s) PALM DESERT Page 2 of Pages ENFORCEABLE OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34167 and 34169 (*) 1 Total Outstanding Total Due During Payments by month Aug" Sept Oct Nov Dec Total Project Name / Debt Obligation Payee Description Debt or Obli ation Fiscal Year Payments per existing contract for public Hovley Retention Basin Leon's Landscaping improvements related to a xeriscaped open 15,003.00 15.003.00 S 15,003 00 1) space and retention basin. Affordable Housing -Carlos Ortega Villas Interactive Design Corp Payments per existing contract for a 72 unit 573,107 00 573,107 00 2 affordable senior complex Project Area Administration Allowable Costs per Admin Plan -staff, 3 utililities, professional services, etc. 2,131,354.63 613,699 00 61.369.90 61,369.90 61.369.90 1 61,369.90 61,369.90 $ 306,549.50 Vested Employee Benefit Obligation RDA Assigned Employees Obligation based on accrued leaves and 39,765.06 ' 7,341 40 734.14 734.14 734.14 734.14 734.14 S 3,670.70 4 current MOU. Wester Center on Poverty and Law PDHA subsidy for 1,100 276,972.88 ' 53,222.50 26.611.25 Affordable Units Stipulated Judgement Case No. 51124 5 Replacement Reserve Fund Palm Desert Housing Authority 1,100 Affordable Housing Apt Com 's 1,189,692.57 ' 179,799.92 $ - PDHA Property Management RPM Company Payments per existing contract for Housing 131.905.00 ' 32,976.00 3,297.60 3,297.60 3,297.60 3.29760 3,297.60 $ 16,488.00 6 Authority Property Management. PDHA Properties Andy's Landscape and Tree Payments per existing contract for Housing 645.00 ' 645.00 S 645 00 7 Authority Property Maintenance. JPDHA Properties Payments per existing contract for Housing 1,120 00 ' 1.120.00 $ 1,120.00 West Coast Arborist Authority Property Maintenance NSP Rehabilitation RHA @ Florida Avenue Payments per existing contract related to 41,724.00 41.724 00 $ 41,724.00 9 Rehab/Resale of Single Family Dwelling Totals - This Page $ 4,401,289.14 $ 945.530.82 $ 65,401.64 $ 65,401 64 S 65.401 64 S 65,401.64 $ 65.401.64 $ 9135.218.45 1 Obligation includes Principal and Interest Outstanding to date. 2 Amount reflected includes total estimated at this time, actual total dependent on timing based on stipulated agreement 3 Project is paid from multiple project areas " This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late August. It is valid through 12131111. 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The officers and staff of the City are herby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, and any such actions previously taken by such officers are hereby ratified and confirmed. Section 6. The adoption of this Resolution is not intended and shall not constitute a waiver by the City of any right the City may have to challenge the legality of all or any portion of AB X1 26 or AB X1 27 through administrative or judicial proceedings. Section 7. At such time as the Agency becomes exempt from Parts 1.8 and 1.85, this Resolution shall be of no further force or effect. Section 8. This Resolution has been reviewed with respect to applicability of the California Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of Regulations, Title 14, Sections 15000 et seq., hereafter the "Guidelines"), and the City's environmental guidelines. The City Council has determined that this Resolution is not a "project" for purposes of CEQA, as that term is defined by Guidelines Section 15378, because this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment. (Guidelines Section 15378(b) (5)). PASSED, APPROVED, and ADOPTED this 25th day of August 2011 by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Jean M. Benson, Mayor ATTEST: Rachelle D. Klassen, City Clerk -3- 81Ii0i1-0163\1 381541 % 1 doc G rda\Veronica Tapia\Word Piles`.Staff ReportslC'ity Council resolution regarding successor entIIydocx