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Home My WebLink AboutROPS 2526 OB ApproveRecognized Obligation Payment Schedule (ROPS 25-26) - Summary Filed for the July 1, 2025 through June 30, 2026 Period Successor Agency: Palm Desert County: Riverside Current Period Requested Funding for Enforceable 25-26A Total (July - 25-26B Total (January - ROPS 25-26 Obligations (ROPS Detail) December) June) Total A Enforceable Obligations Funded as Follows (B+C+D) $ 9,373 $ - $ 9,373 B Bond Proceeds - - - C Reserve Balance - - - D Other Funds 9,373 - 9,373 E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 9,614,557 $ 11,089,601 $ 20,704,158 F RPTTF 9,359,581 10,773,917 20,133,498 G Administrative RPTTF 254,976 315,684 - 570,660 H Current Period Enforceable Obligations (A+E) $ 9,623,930 $ 11,089,601 $ 20,713,531 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. Chris Gerry Chairman Name Title Isl 01/16/2025 Signature V Date Palm Desert Recognized Obligation Payment Schedule (ROPS 25-26) - ROPS Detail July 1, 2025 through June 30, 2026 A B C D E F G H I J K L M N O P O R S T U v W ROPS 25.26A (Jul - Dec) ROPS 25.268 (Jan -Jun) Ifeffm Obligation Agreement Agreement TotalROPS 5 266A 25-26TotaB Fund Sources Fund Sources project Name Execution Termination Payee Description A�eact Outstanding Retired 25 26 Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF $526,989,388 $20,713,531 $- $- $9,373 $9,359,581 $254,976 $9,623,930 $- $- $- $10,773,917 $315,684 $11,089,601 9 Indian Litigation 02/27/ 02/27/2039 Indian Judgement 1 6,815,747 N $139,673 - - - 69,837 - $69,837 - - - 69,836 - $69,836 Springs 2009 Springs related to Stipulated Mobilehome ISMHP Agreement Park 32 Stipulated Litigation 11/20/ 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 07/01/ 06/30/2028 Utilities, Agency 1 400,000 N $80,000 40,000 - $40,000 - - 40,000 $40,000 Owned Maintenance 2013 Mainl 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 AB 26. These disclosures would not have been necessary without this legislative change. 56 2003 Tax Bonds 03/12/ 08/01/2033 US Bank Semi -Annual 2 17,349,616 N $1,975,726 - - 317,863 - $317.863 - - 1,657,863 - $1,657,863 A B C D E F G H I J K L M I N 1 O P Q R S T U V W ROPS 25.26A (Jul - Dec) ROPS 25.26E (Jan -Jun) Item Obligation Agreement Agreement Project Total ROPS 25-26A 25-26B Fund Sources Fund Sources # Project Name Type Execution Termination Payee Descdption Area Outstanding Retired 25-26 Total Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF Allocation Issued On or 2003 Debt Service Bond Issue - Before 12/ 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 $- - - - - $- - - - - - $- formation of Loan (Prior 1986 Desert PA/Prop Project Area 06/28111), Acquisition No. 2- 1986 Cash exchange 86 Stipulated Litigation 11/20/ 07/15/2038 Various Duties 2 63,072,039 N$- 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 6,626,342 N $580,033 - - 9,373 - 254,976 $264,349 - - - 315,6114 $315,684 Administration 1981 Costs per Admin Plan - staff, utilities, professional A B C D E F G H I J K L M I N 1 O P Q R S T U V W ROPS 25.26A (Jul - Dec) ROPS 25.26E (Jan -Jun) Item Obligation Agreement Agreement Project Total ROPS 25-26A 25-26B Fund Sources Fund Sources # Project Name Type Execution Termination Payee Descdption Area Outstanding Retired 25-26 Total Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF services, etc. 190 Costs Property 07/01/ 06/30/2028 City of Palm Remediation 1-4 325,000 N $30,500 - - - 15,250 - $15,250 - - - 15,250 - $15,250 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 01/23/ 10/01/2033 US Bank Semi -Annual 1-4 32,865,750 N $7,357,750 - - - 4,181,500 - $4,181,500 - - 3,176,250 - $3,176,250 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 99,893,791 N $9,864,956 - - 4,391,372 - $4,391,372 - - - 6,473,584 - $5,473,584 Tax Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $140,130,000 194 2017 HA Tax Bonds 01/23/ 10/01/2031 US Bank Semi -Annual HA 4,708,466 N $683.393 - - 343.009 - $343,009 - - - 340,384 - $340,384 Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $7,365,000 Palm Desert Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances July 1, 2022 through June 30, 2023 (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 22-23 Cash Balances RPTTF and Comments (07/O1/22 - 06130/23) 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 07101122) 953,209 (4,255) 427,812 Other funds of FY 22/23 $611,063 + FY 23/24 RPTTF amount should exclude "A" period distribution $153,220 + FY 24125 $188,926 (revised from amount. FY24/25 DOF Letter) _ $953,209 ($4,255) is from the overstatement of Other Funds from DOF letter FY 24/25 Prior PPA's of FY22/23 $87,582 + FY 23/24 $202,267 + FY 24/25 $137,963 = $427,812 2 Revenue/Income (Actual 06/30/23) 13,628 27,206,681 $13,628 from accounts 703-3611000 $257.07 RPTTF amount should tie to the ROPS 22-23 total + 703-3611400 $8,556.15 + 703-3611500 distribution from the County Auditor -Controller $4,815 $27,206,681 from RPTTF's FY 22/23A $13,613,349 + FY 22/23B $13,693,332 3 Expenditures for ROPS 22-23 Enforceable Obligations 514,206 27,228,542 $514,206 from actual other funds PPA FY 22/ (Actual 06/30123) 23 $27,228,542 from PPA RPTTF $26,478,911 + RPTTF Admin $749,631 4 Retention of Available Cash Balance (Actual 06/30/23) 439,003 340,230 $439,003 from other funds of $611,063 - RPTTF amount retained should only include the amounts $514,206 exp = $96,857. Then adding distributed as reserve for future period(s) $163,220 + $188,926 + $96,857 $340,230 from Prior PPA's FY 23/24 $202,267 + FY 24/ 25 $137,963 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 22-23 Cash Balances RPTTF and Comments (07/01 /22 - 06/30123) Bonds issued s Bonds issued Reserve Rent, grants, Non-Admin or before on or before on after Balances retained interest, etc. and Admin 1 01/01/11 for future period(s) 5 ROPS 22-23 RPTTF Prior Period Adjustment No entry required RPTTF amount should tie to the Agency's ROPS 22-23 PPA form submitted to the CAC 6 Ending Actual Available Cash Balance (06130/23) $- $- $- $9,373 $65,721 $65,721 matches current PPA FY 25126 C to F=(1+2-3-4),G=(1+2-3-4-5) Will put$9,373 to admin other funds Palm Desert Recognized Obligation Payment Schedule (ROPS 25.26) - Notes July 1, 2025 through June 30, 2026 Item # Notes/Comments 9 32 Do not retire 43 44 56 61'. Do not retire 86 Do not retire 119 Do not retire 160 Do not retire 189 190 192 193 194