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Home My WebLink About202122 ROPS Palm Desert Signed by OSBPalm Desert Recognized Obligation Payment Schedule (ROPS 21-22) - ROPS Detail July 1, 2021 through June 30, 2022 A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 21-22 Total ROPS 21-22A (Jul - Dec) 21-22A Total ROPS 21-22B (Jan - Jun) 21-22B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $632,584,326 $34,109,796 $- $- $132,818 $20,000,040 $257,205 $20,390,063 $- $- $133,947 $13,328,311 $257,475 $13,719,733 9 Indian Springs Stipulated Agreement Litigation 02/27/ 2009 02/27/2039 Indian Springs Mobilehome Park Judgement related to ISMHP 1 7,374,438 N $139,674 - - - 69,837 - $69,837 - - - 69,837 - $69,837 32 Stipulated Judgement Case No. 51124 Litigation 11/20/ 1991 11/25/2032 Various Duties required under said court order. Desert Rose, Etc. PDHA subsidy for 1,100 Afford Units 1 221,173,384 N $- - - - - - $- - - - - - $- 43 Agency Owned Properties Property Maintenance 07/01/ 2013 06/30/2022 Utilities, Maint Services, HOA Dues, Etc. Agency owned properties monthly carrying costs prior to disposition. 1 450,000 N $150,000 - - - 52,500 - $52,500 - - - 97,500 - $97,500 44 Additional Disclosures on TAB's Fees 07/01/ 2013 06/30/2022 Willdan Additional disclosures that will be required to report changes in 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. 1 30,000 N $1,500 - - - 750 - $750 - - - 750 - $750 56 2003 Tax Bonds 03/12/08/01/2033 US Bank Semi-Annual 2 21,746,800 N $769,006 - - - 384,503 - $384,503 - - - 384,503 - $384,503 A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 21-22 Total ROPS 21-22A (Jul - Dec) 21-22A Total ROPS 21-22B (Jan - Jun) 21-22B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Allocation Bond Issue - $15,745,000 Issued On or Before 12/ 31/10 2003 Debt Service Payment 59 North Sphere Hotel land City/County Loan (Prior 06/28/11), Cash exchange 03/23/ 1995 07/15/2038 City of Palm Desert Balance due Property Acquisition 2 5,235,436 N $5,235,436 - - - 5,235,436 - $5,235,436 - - - - - $- 60 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 03/13/ 1997 07/15/2038 City of Palm Desert Loan for Property Acquisition 2 7,783 N $7,783 - - - 7,783 - $7,783 - - - - - $- 61 City Loan for formation of Project Area No. 2- 1986 City/County Loan (Prior 06/28/11), Cash exchange 12/05/ 1986 07/15/2038 City of Palm Desert Formation of PA/Prop Acquisition 2 7,890,000 N $- - - - - - $- - - - - - $- 86 Stipulated Judgement Case No. 51124 Litigation 11/20/ 1991 07/15/2038 Various Duties required under said court order. Vineyards, Emerald Brook (Palm Desert 103) PDHA subsidy for 1,100 Afford Units 2 63,072,039 N $- - - - - - $- - - - - - $- 119 Stipulated Judgement Case No. 51124 Litigation 11/20/ 1991 07/15/2038 Various Duties required under said court order. Falcon Crest Afford Housing Dev - Homeowners at lots 1 through 93, et al. PDHA Subsidy for 1,100 Affordable Units 3 16,602,589 N $- - - - - - $- - - - - - $- 160 Stipulated Judgement Case No. Litigation 11/20/ 1991 07/15/2038 Various Duties required under said 4 49,236,464 N $- - - - - - $- - - - - - $- A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 21-22 Total ROPS 21-22A (Jul - Dec) 21-22A Total ROPS 21-22B (Jan - Jun) 21-22B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF 51124 court order. PDHA subsidy for 1,100 Affordable Units 177 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 03/23/ 1995 07/15/2032 City of Palm Desert Balance due Property Acquisition (Eligible upon receipt of FOC) 1 11,418 N $11,418 - - - 11,418 - $11,418 - - - - - $- 178 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 08/16/ 1999 07/15/2032 City of Palm Desert Balance due Property Acquisition (Eligible upon receipt of FOC) 1 1,647,720 N $1,647,720 - - - 1,647,720 - $1,647,720 - - - - - $- 179 North Sphere Property Acquisition City/County Loan (Prior 06/28/11), Cash exchange 08/16/ 1999 07/15/2038 City of Palm Desert Balance due Property Acquisition (Eligible upon receipt of FOC) 2 10,346 N $10,346 - - - 10,346 - $10,346 - - - - - $- 189 Project Area Administration Admin Costs 11/25/ 1981 07/19/2044 Various Allowable Costs per Admin Plan- staff, utilities, professional services, etc. 1-4 8,033,143 N $781,445 - - 132,818 - 257,205 $390,023 - - 133,947 - 257,475 $391,422 190 Costs Associated with Disposition of Assets Property Dispositions 07/01/ 2013 06/30/2022 City of Palm Desert Remediation of Health and Safety Issues and costs related to sale of properties owned by former RDA 1-4 350,000 N $60,000 - - - 25,000 - $25,000 - - - 35,000 - $35,000 192 2017 NHA Tax Allocation Refunding Bond Issue - $52,390,000 Bonds Issued After 12/31/10 01/23/ 2017 10/01/2033 US Bank Semi-Annual Debt Service Payment 1-4 53,843,500 N $5,184,000 - - - 2,596,500 - $2,596,500 - - - 2,587,500 - $2,587,500 193 2017 NHB Tax Allocation Refunding Bond Issue - $140,130,000 Bonds Issued After 12/31/10 01/23/ 2017 10/01/2041 US Bank Semi-Annual Debt Service Payment 1-4 149,619,444 N $13,063,900 - - - 6,433,319 - $6,433,319 - - - 6,630,581 - $6,630,581 A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 21-22 Total ROPS 21-22A (Jul - Dec) 21-22A Total ROPS 21-22B (Jan - Jun) 21-22B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF 194 2017 HA Tax Allocation Refunding Bond Issue - $7,365,000 Bonds Issued After 12/31/10 01/23/ 2017 10/01/2031 US Bank Semi-Annual Debt Service Payment HA 7,390,166 N $681,893 - - - 342,384 - $342,384 - - - 339,509 - $339,509 195 2017 HB Tax Allocation Refunding Bond Issue - $45,815,000 Bonds Issued After 12/31/10 01/23/ 2017 10/01/2023 US Bank Semi-Annual Debt Service Payment HA 18,859,656 N $6,365,675 - - - 3,182,544 - $3,182,544 - - - 3,183,131 - $3,183,131 Palm Desert Recognized Obligation Payment Schedule (ROPS 21-22) - Report of Cash Balances July 1, 2018 through June 30, 2019 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (l), 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 ROPS 18-19 Cash Balances (07/01/18 - 06/30/19) Fund Sources Comments Bond Proceeds Reserve Balance Other Funds RPTTF Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS RPTTF and Reserve Balances retained for future period(s) Rent, grants, interest, etc. Non-Admin and Admin 1 Beginning Available Cash Balance (Actual 07/01/18) RPTTF amount should exclude "A" period distribution amount. 1,218,433 1,923,097 283,682 Line G5 from PY Cash Balance plus bal not shown on other funds last year 2 Revenue/Income (Actual 06/30/19) RPTTF amount should tie to the ROPS 18-19 total distribution from the County Auditor-Controller 3,711,063 32,347,416 Includes PMP Sales, Interest, and RPTTF Dep 3 Expenditures for ROPS 18-19 Enforceable Obligations (Actual 06/30/19) 457,433 3,865,525 32,213,469 Include PMP Sales Proceeds to CAC, reduction to energy investment, permitted amounts from other on 18/19 ROPS, ROPS 4 Retention of Available Cash Balance (Actual 06/30/19) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 761,000 1,635,817 283,682 *DDR/Other Restricted Cash: Energy Investment ($761,000)/($51,953)/Reso 119/($1,136,539) distributed from balance in 19/20 distribution/($731,007) distributed from balance in 20/21 5 ROPS 18-19 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 18-19 PPA form submitted to the CAC No entry required 133,947 Amount remaining matches PPA Pursuant to Health and Safety Code section 34177 (l), 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 ROPS 18-19 Cash Balances (07/01/18 - 06/30/19) Fund Sources Comments Bond Proceeds Reserve Balance Other Funds RPTTF Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS RPTTF and Reserve Balances retained for future period(s) Rent, grants, interest, etc. Non-Admin and Admin 6 Ending Actual Available Cash Balance (06/30/19) C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) $- $- $- $132,818 $- Amount remaining from other funds Palm Desert Recognized Obligation Payment Schedule (ROPS 21-22) - Notes July 1, 2021 through June 30, 2022 Item # Notes/Comments 9 32 43 44 56 59 60 61 86 119 160 177 178 179 189 190 192 193 194 195