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Home My WebLink AboutCity of Palm Desert ROPS County OSB Approved and Signed Version 011620Palm Desert Recognized Obligation Payment Schedule (ROPS 20-21) - ROPS Detail July 1, 2020 through June 30, 2021 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $664,940,692 $36,260,139 $- $- $439,662 $17,693,401 $- $18,133,063 $- $- $7,663 $17,739,976 $379,437 $18,127,076 9 Indian Springs Stipulated Agreement Litigation 02/27/ 2009 02/27/2039 Indian Springs Mobilehome Park Judgement related to ISMHP 1 7,514,111 N $139,674 - - - 69,837 - $69,837 - - - 69,837 - $69,837 14 Alessandro Alleyway Bond Funded Project - Pre-2011 02/28/ 2011 06/30/2018 Prest Vuksic Architects Payments per existing contract for public parking improvements along commercial corridor. 1 - Y $- - - - - - $- - - - - - $- 29 El Paseo Revitlization Improvement/ Infrastructure 07/10/ 2008 06/30/2018 Forma Design, Inc Payments for existing contract for public improvements in the central business district and commercial corridor. 1 - Y $- - - - - - $- - - - - - $- 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 $- - - - - - $- - - - - - $- 38 Portola Wall & Sidewalk Imps Bond Funded Project - Pre-2011 05/22/ 2008 06/30/2018 David Evans & Associates 15197 Payments on existing contract for public improvements relative to the Portola Avenue Wall and Sidewalk Relocation project. 1 - Y $- - - - - - $- - - - - - $- 43 Agency Owned Property 07/01/06/30/2021 Utilities, Agency 1 350,000 N $136,000 - - - 108,500 - $108,500 - - - 27,500 - $27,500 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Properties Maintenance 2013 Maint Services, HOA Dues, Etc. owned properties monthly carrying costs prior to disposition. 44 Additional Disclosures on TAB's Fees 07/01/ 2013 06/30/2021 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 46 Alessandro Alley Frontage Rd Imps Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 - Y $- - - - - - $- - - - - - $- 47 Core Commercial Parking Improvements Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 - Y $- - - - - - $- - - - - - $- 48 President's Plaza Parking Lot Imps Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants 1 - Y $- - - - - - $- - - - - - $- 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF dated 7/6/06 - (Eligible upon receipt of FOC) 49 Undergrounding Utilities Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 - Y $- - - - - - $- - - - - - $- 50 Portola Avenue Widening Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 - Y $- - - - - - $- - - - - - $- 56 2003 Tax Allocation Bond Issue - $15,745,000 Bonds Issued On or Before 12/31/10 03/12/ 2003 08/01/2033 US Bank Semi-Annual Debt Service Payment 2 22,515,806 N $769,006 - - - 384,503 - $384,503 - - - 384,503 - $384,503 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 5,667,500 N $2,361,667 - - - 1,180,834 - $1,180,834 - - - 1,180,833 - $1,180,833 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 1,227,998 N $1,227,998 - - - 613,999 - $613,999 - - - 613,999 - $613,999 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 7,710,000 N $- - - - - - $- - - - - - $- 62 L/M Housing Loan SERAF/ ERAF 06/30/ 2010 06/30/2019 Palm Desert Housing Authority 2009/10 SERAF Loan Repayment 2 - Y $- - - - - - $- - - - - - $- 82 Well Sites Bond Funded Project - Pre-2011 11/14/ 1996 06/30/2018 CVWD Payments on existing contracts 2 - Y $- - - - - - $- - - - - - $- 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF related to the North area required future well sites. 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 $- - - - - - $- - - - - - $- 96 Portola @ I-10 Imps Bond Funded Project - Pre-2011 12/08/ 2005 06/30/2018 Dokken Engineering 12823 Payments on existing contract related to the alignment of Portola Avenue to connect with the proposed new interchange on I-10. 2 - Y $- - - - - - $- - - - - - $- 103 North Sphere Fire Station Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 2 - Y $- - - - - - $- - - - - - $- 106 Undergrounding Utilities Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 2 - Y $- - - - - - $- - - - - - $- 109 L/M Housing Loan SERAF/ ERAF 06/30/ 2010 06/30/2019 Palm Desert 2009/10 SERAF Loan 3 - Y $- - - - - - $- - - - - - $- 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Housing Authority Repayment 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 $- - - - - - $- - - - - - $- 137 Undergrounding Utilities Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 3 - Y $- - - - - - $- - - - - - $- 138 Portola Avenue Widening Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 3 - Y $- - - - - - $- - - - - - $- 139 Falcon Crest Lot K Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TDB One-time payment per existing contract for the cost of constructing a perimeter wall & all surrounding improvements including exterior landscaping, plans for 3 - Y $- - - - - - $- - - - - - $- 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF drainage & discharge, power for well operation 143 L/M Housing Fund Loan SERAF/ ERAF 06/30/ 2010 06/30/2019 Palm Desert Housing Authority 2009/10 SERAF Loan Repayment 4 - Y $- - - - - - $- - - - - - $- 157 Affordable Housing-Carlos Ortega Villas Bond Funded Project - Pre-2011 04/08/ 2010 06/30/2018 Interactive Design Corp Payments per existing contract for a 72 unit affordable senior complex. 4 - Y $- - - - - - $- - - - - - $- 160 Stipulated Judgement Case No. 51124 Litigation 11/20/ 1991 07/15/2038 Various Duties required under said court order. PDHA subsidy for 1,100 Affordable Units 4 49,236,464 N $- - - - - - $- - - - - - $- 168 Carlos Ortega Villas Bond Funded Project - Pre-2011 07/01/ 2013 06/30/2018 To Be Determined Agreement to build wall as part of COV construction 4 - Y $- - - - - - $- - - - - - $- 171 Carlos Ortega Villas Improvement/ Infrastructure 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA - N $- - - - - - $- - - - - - $- 172 Desert Pointe Rehabilitation Improvement/ Infrastructure 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA - Y $- - - - - - $- - - - - - $- 173 Undergrounding Utilities Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved projects pursuant to bond 4 - Y $- - - - - - $- - - - - - $- 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF covenants - (Eligible upon receipt of FOC) 174 Buydown Subsidies for Low-Mod Housing OPA/DDA/ Construction 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA - Y $- - - - - - $- - - - - - $- 175 Sagecrest Rehabilitation Improvement/ Infrastructure 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA - Y $- - - - - - $- - - - - - $- 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 1,801,625 N $1,801,625 - - - 900,812 - $900,812 - - - 900,813 - $900,813 178 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 3,946,527 N $2,361,667 - - - 1,180,833 - $1,180,833 - - - 1,180,834 - $1,180,834 179 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 1,632,321 N $1,632,321 - - - 816,161 - $816,161 - - - 816,160 - $816,160 180 El Paseo Multi Use Community Center Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 - Y $- - - - - - $- - - - - - $- 181 North Sphere Bond Funded 01/01/06/30/2018 TBD from Approved 2 - Y $- - - - - - $- - - - - - $- 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Regional Park Project - Pre-2011 2014 Unspent Bond Proceeds project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 182 Public Parking Facility Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 3 - Y $- - - - - - $- - - - - - $- 183 President's Plaza Parking Lot Imps Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 3 - Y $- - - - - - $- - - - - - $- 184 Community Facilities and Public Infrastructure Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved projects pursuant to bond covenants - (Eligible upon receipt of FOC) 4 - Y $- - - - - - $- - - - - - $- 185 Drainage Improvements Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) 4 - Y $- - - - - - $- - - - - - $- 186 CLO Villas/ Traffic Circle Improvements Bond Funded Project - Pre-2011 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of 4 - Y $- - - - - - $- - - - - - $- 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF FOC) 187 Las Serenas Expansion Improvement/ Infrastructure 01/01/ 2014 06/30/2018 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA - Y $- - - - - - $- - - - - - $- 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 $826,762 - - 439,662 - - $439,662 - - 7,663 - 379,437 $387,100 190 Costs Associated with Disposition of Assets Property Dispositions 07/01/ 2013 06/30/2021 City of Palm Desert Remediation of Health and Safety Issues and costs related to sale of properties owned by former RDA 1-4 150,000 N $45,000 - - - 35,000 - $35,000 - - - 10,000 - $10,000 191 El Paseo Revitlization - Ph. 2 Bond Funded Project - Pre-2011 01/01/ 2015 06/30/2018 Various Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) 1 - Y $- - - - - - $- - - - - - $- 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 58,923,375 N $5,172,375 - - - 2,575,875 - $2,575,875 - - - 2,596,500 - $2,596,500 193 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 1-4 162,124,738 N $12,732,794 - - - 6,299,475 - $6,299,475 - - - 6,433,319 - $6,433,319 194 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 8,064,809 N $684,643 - - - 342,259 - $342,259 - - - 342,384 - $342,384 195 2017 HB Tax Bonds Issued 01/23/10/01/2023 US Bank Semi-Annual HA 25,164,263 N $6,367,107 - - - 3,184,563 - $3,184,563 - - - 3,182,544 - $3,182,544 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 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Allocation Refunding Bond Issue - $45,815,000 After 12/31/ 10 2017 Debt Service Payment Palm Desert Recognized Obligation Payment Schedule (ROPS 20-21) - Report of Cash Balances July 1, 2017 through June 30, 2018 (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 17-18 Cash Balances (07/01/17 - 06/30/18) 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 07/01/17) RPTTF amount should exclude "A" period distribution amount. 15,003,805 - 1,218,433 1,913,763 6 2 Revenue/Income (Actual 06/30/18) RPTTF amount should tie to the ROPS 17-18 total distribution from the County Auditor-Controller 3,034,330 38,000,117 3 Expenditures for ROPS 17-18 Enforceable Obligations (Actual 06/30/18) 15,003,805 3,024,996 37,716,440 530,001 4 Retention of Available Cash Balance (Actual 06/30/18) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 1,218,433 1,475,772 *DDR/Other Restricted Cash: Energy Investment ($1,290,000)/($51,953)/Reso. 119/$15,713 distributed from balance in 18/19 distribution and $1,136,539 distributed from balance in 19/20 distribution/ENA Deposit ($200,000) 5 ROPS 17-18 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 17-18 PPA form submitted to the CAC No entry required 283,683 6 Ending Actual Available Cash Balance (06/30/18) C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) $- $- $- $447,325 $- Palm Desert Recognized Obligation Payment Schedule (ROPS 20-21) - Notes July 1, 2020 through June 30, 2021 Item # Notes/Comments 9 14 29 32 38 43 Increase is related to actual anticipated costs this period and the need to demo a structure (pending OSB/DOF approval) due to health and safety concerns. 44 46 47 48 49 50 56 59 60 61 62 82 86 96 103 106 109 119 137 138 139 143 157 160 168 171 172 173 174 175 177 178 179 180 181 182 183 184 185 186 187 189 190 191 192 193 194 195