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Home My WebLink AboutCity of Palm Desert ROPS 2324Recognized Obligation Payment Schedule (BOPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Palm Desert County: Riverside Current Period Requested Funding for Enforceable Obligations (ROPS Detail) A Enforceable Obligations Funded as Follows (B+C+D) B Bond Proceeds C Reserve Balance D Other Funds E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) F RPTTF G Administrative RPTTF H Current Period Enforceable Obligations (A+E) Certification of Oversight Board Chairman: Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency. 23-24A Total 23-24B Total ROPS 23-24 (July - (January - Total December) June) $ 355,487 $ - $ 355,487 355,487 $ 12,998,737 - $ 10,798,713 355,487 $ 23,797,450 12,957,975 40,762 10,385,175 413,538 23,343,150 454,300 $ 13,354,224 $ 10,798,713 $ 24,152,937 Dr. Scott Price Chairman Name Title /s/ 1 /19/2023 Si nature Date Palm Desert Recognized Obligation Payment Schedule (ROPS 23.24) - ROPS Detail July 1, 2023 through June 30, 2024 A B C D E F G H I J K L M N 1 O P Q R S T U V W BOPS 23-24A (Jul - Dec) ROPS 23-24B (Jan - Jun) Item Obligation Agreement Agreement project Total ROPS 23.24A 23.24E Fund Sources Fund Sources # Project Name Type Execution Termination Payee Description Area Outstanding Retired 23.24 Total Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RP Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF RPTTF $569,872,502 $24,152,937 $- $- $355,487 $12,957,975 $40,762 $13,354,224 $- $- $- $10 385,175 $413,538 $10,798,713 9 Indian Litigation 02/27l 02/27/2039 Indian Judgement 1 7,095,092 N $139,674 - - - 69,837 - $69,837 - - - 69,837 - $69,837 Springs 2009 Springs related to Stipulated Mobilehome ISMHP Agreement Park 32 Stipulated Litigation 11/201 11/25/2032 Various Duties 1 221,173,384 N $-$- Judgement 1991 required Case No. under said 51124 court order. Desert Rose, Etc. PDHA subsidy for 1,100 Afford Units 43 Agency Property 071011 06/30/2028 Utilities, Agency 1 450,000 N $135,000 67,500 $67,500 - 67,500 $67,500 Owned Maintenance 2013 Maint owned Properties Services, properties HOA Dues, monthly Etc. carrying costs prior to disposition. 44 Additional Fees 07/01/ 06/30/2042 Willdan Additional 1 30,000 N $1,500 750 $750 - 750 - $750 Disclosures 2013 disclosures on TAB'S that will be required to report changesin the allocation of tax increment and the payment on tax allocation bonds due to AS 26. These disclosures would not have been necessary without this legislative change. 56 2003 Tax lBonds 03/12/ 08/01/2033 US Bank Semi -Annual 2 19,333,788 N $1,639,632 364,816 $364,816 - - 1,274,816 - $1,274,816 Allocation I Issued On or 2003 I I I Debt Service 1 1 A B C D E F G H I J K L M N O P Q R S T U V W ROPS 23.24A (Jul - Dec) ROPS 23.24B (Jan - Jun) Item Obligation Agreement Agreement Project Total ROPS 23-24A 23-24B Fund Sources Fund Sources # Project Name Typa Execution Termination Payee Description Area Outstanding Retired 23-24 Total Total Total Dale Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF Bond Issue - Before 121 Payment $15,745,000 31/10 61 City Loan for City/County 12/05/ 07/15/2038 City of Palm Formation of 2 7,890,000 N$- formation of Loan (Pnor 1986 Desert PA/Prop Project Area 06/28/11), Acquisition No. 2- 1986 Cash exchange 86 Stipulated Litigation 11/20/ 07/15/2038 Various Duties 2 63,072,039 N$- Judgement 1991 required Case No. under said 51124 court order. Vineyards, Emerald Brook (Palm Desert 103) PDHA subsidy for 1,100 Afford Units 119 Stipulated Litigation 11/201 07/15/2038 Various Duties 3 16,602,589 N$- Judgement 1991 required Case No. under said 51124 court order. Falcon Crest Afford Housing Dev Homeowners at lots 1 through 93, at al. PDHA Subsidy for 1,100 Affordable Units 160 Stipulated Litigation 11/201 07/15/2038 Various Duties 4 49,236,464 N$- Judgement 1991 required Case No. under said 51124 court order. PDHA subsidy for 1,100 Affordable Units 189 Project Area Admin Costs 11/25/ 07/19/2044 Various Allowable 1-4 8,033,143 N $809,787 - - 355,487 - 40,762 $396,249 - - 413,538 $413,538 Administration 1981 Costs per Admin Plan - staff, utilities, professional services, etc. A B C D E F G H I J K L M N O P Q R S T U V W ROPS 23.24A (Jul - Dec) ROPS 23.24B (Jan - Jun) Item Obligation Agreement Agreement Project Total ROPS 23-24A 23-24B Fund Sources Fund Sources # Project Name Type Execution Termination Payee Description Area Outstanding Retired 23-24 Total Total Total Dale Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF 190 Costs Property 07/01/ 06/30/2028 City of Palm Remediation 1-4 350,000 N $28,500 - - 19,500 - $19,500 - - 9,000 - $9,000 Associated Dispositions 2013 Desert of Health with and Safety Disposition of Issues and Assets costs related to sale of properties owned by former RDA 192 2017 NHA Bonds 01/231 10/01/2033 US Bank Semi -Annual 1-4 43,631,875 N $5,474,875 1,267,625 - $1,267,625 - 4,207,250 - $4,207,250 Tax Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $52,390,000 193 2017 NHB Bonds 01/23/ 10/01/2041 US Bank Semi -Annual 1-4 123,736,200. N $12,052,401 7,636,263 - $7,636,263 - 4,416,138 - $4,416,138 Tax Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $140,130,000 194 2017 HA Tax Bonds 01/231 10/01/2031 US Bank Semi -Annual HA 6,047,503 N $681,143 341,259 $341,259 - 339,884 $339,884 Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $7,365,000 195 2017 HB Tax Bonds 01/231 10/01/2023 US Bank Semi -Annual HA 3,190,425 N $3,190,425 3,190,425 - $3,190,425 - - $- Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $45,815,000 Palm Desert Recognized Obligation Payment Schedule (ROPS 23-24) - Report of Cash Balances July 1, 2020 through June 30, 2021 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. A B C D E F G H Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS ROPS 20-21 Cash Balances RPTTF and Comments (07/O1/20 - 06130/21) Bonds issued s Bonds issued Reserve Rent, grants, Non-Admin on or before 1 or before on after 01/01/11 Balances retained interest, etc. and Admin for future period(s) 1 Beginning Available Cash Balance (Actual 07101120) 724,832 1,328,559 87,582 Line G5 from PY Cash Balance RPTTF amount should exclude "A" period distribution amount. 2 Revenue/Income (Actual 06/30121) 26,824 34,043,082 Includes PIMP Sales (if any), Interest, RPTTF RPTTF amount should tie to the ROPS 20-21 total Dep distribution from the County Auditor -Controller 3 Expenditures for ROPS 20-21 Enforceable Obligations 126,000 324,334 33,840,816 Include PIMP Sales Proceeds (if any) to CAC, (Actual 06/30/21) reduction to energy investment, permitted admin from other on 20/21 ROPS and RPTTF expenses 4 Retention of Available Cash Balance (Actual 06130121) 598,832 877,828 87,582 'DDR/Other Restrict Cash: Energy Inv RPTTF amount retained should only include the amounts ($542,000)/Litigation Dep ($56,832)/Dist from distributed as reserve for future period(s) Bal in 21/22 ($255,765)/Dist from Bal in 22123 ($611,063) Other Funds to line 43 and 56/Dist from RPTTF Bal to line 190 in 22123 ($87,582) 5 ROPS 20-21 RPTTF Prior Period Adjustment No entry required RPTTF amount should tie to the Agency's ROPS 20-21 PPA form submitted to the CAC Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. A B C D E F G H Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS ROPS 20-21 Cash Balances RPTTF and Comments (07/01 /20 - 06130121) Bonds issued Bonds issued s Reserve Rent, grants, Non-Admin or before on or before after on aft Balances retained interest, etc. and Admin 1 01or for future period(s) 6 Ending Actual Available Cash Balance (06/30121) $- $• $- $153,221 $202,266 Matches PPA C to F=(1+2-3-4),G=(1+2-3-4-5) Palm Desert Recognized Obligation Payment Schedule (ROPS 23.24) - Notes July 1, 2023 through June 30, 2024 Item # Notes/Comments 9 32 43 44 56 61 86 119 160 189 190 192 193 194 195