HomeMy WebLinkAboutPalm Desert_ROPS 1819 Template 31618 DOF Version (1)Successor Agency:Palm Desert
County:Riverside
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)
18-19A Total
(July - December)
18-19B Total
(January - June) ROPS 18-19 Total
A 15,000$ 718$ 15,718$
B - - -
C - - -
D 15,000 718 15,718
E 15,613,405$ 16,734,006$ 32,347,411$
F 15,129,436 16,250,038 31,379,474
G 483,969 483,968 967,937
H Current Period Enforceable Obligations (A+E):15,628,405$ 16,734,724$ 32,363,129$
Name Title
/s/
Signature Date
Administrative RPTTF
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.
Recognized Obligation Payment Schedule (ROPS 18-19) - Summary
Filed for the July 1, 2018 through June 30, 2019 Period
Enforceable Obligations Funded as Follows (B+C+D):
RPTTF
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Bond Proceeds
Reserve Balance
Other Funds
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF
$ 732,350,150 $ 32,363,129 $ - $ - $ 15,000 $ 15,129,436 $ 483,969 $ 15,628,405 $ - $ - $ 718 $ 16,250,038 $ 483,968 $ 16,734,724
5 2007 Tax Allocation Bond Issue - Bonds Issued On or Before 12/13/2006 4/1/2018 US Bank Semi-Annual Debt Service Payment 1 Y $ - $ - $ -
9 Indian Springs Stipulated Agreement Litigation 2/27/2009 2/27/2039 Indian Springs Mobilehome
Park
Judgement related to ISMHP 1 7,793,455 N $ 139,674 69,837 $ 69,837 69,837 $ 69,837
10 L/M Housing Fund Loan SERAF/ERAF 6/30/2010 6/30/2018 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 1 - Y $ - $ - $ -
14 Alessandro Alleyway Bond Funded Project – Pre-
2011
2/28/2011 6/30/2018 Prest Vuksic Architects Payments per existing contract for
public parking improvements along
commercial corridor.
1 N $ - $ - $ -
29 El Paseo Revitlization Improvement/Infrastructure 7/10/2008 6/30/2018 Forma Design, Inc Payments for existing contract for
public improvements in the central
business district and commercial
corridor.
1 N $ - $ - $ -
31 Vested Pension Obligation-CalPERS Unfunded Liabilities 11/25/1981 11/25/2032 RDA Assigned Employees Obligation based on accrued leaves
and current MOU.
1 N
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
5/22/2008 6/30/2018 David Evans & Associates
15197
Payments on existing contract for
public improvements relative to the
Portola Avenue Wall and Sidewalk
Relocation project.
1 N $ - $ - $ -
43 Agency Owned Properties Property Maintenance 7/1/2013 6/30/2018 Utilities, Maint Services,
HOA Dues, Etc.
Agency owned properties monthly
carrying costs prior to disposition.
1 400,000 N $ 80,000 40,000 $ 40,000 40,000 $ 40,000
44 Additional Disclosures on TAB's Fees 7/1/2013 6/30/2018 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 32,900 N $ 1,400 700 $ 700 700 $ 700
45 Bond Project Overhead Costs Project Management Costs 7/1/2013 6/30/2018 Various Costs associated with administration of
bond
funded projects.
1 N $ - $ - $ -
46 Alessandro Alley Frontage Rd Imps Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
1 N $ - $ - $ -
47 Core Commercial Parking
Improvements
Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
1 N $ - $ - $ -
48 President's Plaza Parking Lot Imps Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
1 N $ - $ - $ -
49 Undergrounding Utilities Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
1 N $ - $ - $ -
50 Portola Avenue Widening Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
1 N $ - $ - $ -
56 2003 Tax Allocation Bond Issue -
$15,745,000
Bonds Issued On or Before
12/31/10
3/12/2003 8/1/2033 US Bank Semi-Annual Debt Service Payment 2 24,053,819 N $ 769,006 384,503 $ 384,503 384,503 $ 384,503
59 North Sphere Hotel land City/County Loan (Prior
06/28/11), Property
transaction
3/23/1995 7/15/2038 City of Palm Desert Balance due Property Acquisition 2 6,902,500 N $ - $ - $ -
60 North Sphere Property Acquisition City/County Loan (Prior
06/28/11), Property
transaction
3/13/1997 7/15/2038 City of Palm Desert Loan for Property Acquisition 2 2,579,025 N $ - $ - $ -
61 City Loan for formation of Project
Area No. 2- 1986
City/County Loan (Prior
06/28/11), Property
transaction
12/5/1986 7/15/2038 City of Palm Desert Formation of PA/Prop Acquisition 2 7,530,000 N $ - $ - $ -
62 L/M Housing Loan SERAF/ERAF 6/30/2010 6/30/2018 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 2 1,083,588 N $ 1,083,588 541,794 $ 541,794 541,794 $ 541,794
82 Well Sites Bond Funded Project – Pre-
2011
11/14/1996 6/30/2018 CVWD Payments on existing contracts related
to the North area required future well
sites.
2 N $ - $ - $ -
85 Vested Pension Obligation-CalPERS Unfunded Liabilities 7/15/1987 7/15/2038 RDA Assigned Employees Obligation based on accrued leaves
and current MOU.
2 N
86 Stipulated Judgement Case No.
51124
Litigation 11/20/1991 7/15/2038 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
12/8/2005 6/30/2018 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 N $ - $ - $ -
100 Additional Disclosures on TAB's Fees 7/1/2013 6/30/2018 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.
2 N $ - $ - $ -
102 Bond Project Overhead Costs Project Management Costs 7/1/2013 6/30/2018 Various Costs associated with administration of
bond
funded projects.
2 N $ - $ - $ -
103 North Sphere Fire Station Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
2 N $ - $ - $ -
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 18-19
Total
18-19B (January - June)
18-19A
Total
Palm Desert Recognized Obligation Payment Schedule (ROPS 18-19) - ROPS Detail
July 1, 2018 through June 30, 2019
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
18-19A (July - December)
18-19B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 18-19
Total
18-19B (January - June)
18-19A
Total
Palm Desert Recognized Obligation Payment Schedule (ROPS 18-19) - ROPS Detail
July 1, 2018 through June 30, 2019
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
18-19A (July - December)
18-19B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
106 Undergrounding Utilities Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
2 N
109 L/M Housing Loan SERAF/ERAF 6/30/2010 6/30/2018 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 3 970,313 N 970,313 485,157 485,157 485,156 485,156
118 Vested Pension Obligation-CalPERS Unfunded Liabilities 7/17/1991 7/17/2042 RDA Assigned Employees Obligation based on accrued leaves
and current MOU.
3 N
119 Stipulated Judgement Case No.
51124
Litigation 11/20/1991 7/15/2038 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
132 Additional Disclosures on TAB's Fees 7/1/2013 6/30/2018 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.
3 N $ - $ - $ -
135 Bond Project Overhead Costs Project Management Costs 7/1/2013 6/30/2018 Various Costs associated with administration of
bond
funded projects.
3 N $ - $ - $ -
137 Undergrounding Utilities Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
3 N $ - $ - $ -
138 Portola Avenue Widening Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
3 N $ - $ - $ -
139 Falcon Crest Lot K Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TDB One-time payment per existing contract
for the cost of constructing a perimeter
wall & all surrounding improvements
including exterior landscaping, plans
for drainage & discharge, power for
well operation
3 N $ - $ - $ -
143 L/M Housing Fund Loan SERAF/ERAF 6/30/2010 6/30/2018 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 4 2,657,239 N 2,026,489 1,013,245 1,013,245 1,013,244 1,013,244
157 Affordable Housing-Carlos Ortega
Villas
Bond Funded Project – Pre-
2011
4/8/2010 6/30/2018 Interactive Design Corp Payments per existing contract for a 72
unit affordable senior complex.
4 N $ - $ - $ -
159 Vested Pension Obligation-CalPERS Unfunded Liabilities 7/19/1993 7/19/2044 RDA Assigned Employees Obligation based on accrued leaves
and current MOU.
4 N
160 Stipulated Judgement Case No.
51124
Litigation 11/20/1991 7/15/2038 Various Duties required under said court order.
PDHA subsidy for 1,100 Affordable
Units
4 49,236,464 N
165 Additional Disclosures on TAB's Fees 7/1/2013 6/30/2018 Willdan/RWG 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.
4 N $ - $ - $ -
168 Carlos Ortega Villas Bond Funded Project – Pre-
2011
7/1/2013 6/30/2018 To Be Determined Agreement to build wall as part of COV
construction
4 N $ - $ - $ -
170 Bond Project Overhead Costs Project Management Costs 7/1/2013 6/30/2018 Various Costs associated with administration of
bond
funded projects.
4 N $ - $ - $ -
171 Carlos Ortega Villas Improvement/Infrastructure 1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA N $ - $ - $ -
172 Desert Pointe Rehabilitation Improvement/Infrastructure 1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA N $ - $ - $ -
173 Undergrounding Utilities Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved projects pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 N $ - $ - $ -
174 Buydown Subsidies for Low-Mod
Housing
OPA/DDA/Construction 1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA N $ - $ - $ -
175 Sagecrest Rehabilitation Improvement/Infrastructure 1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA N $ - $ - $ -
176 Project Area 1 Reserve for DS Reserves 6/22/2006 4/1/2030 Wells Fargo Bank Semi-Annual Debt Service Payment 1 N
177 North Sphere Property Acquisition City/County Loan (Prior
06/28/11), Property
transaction
3/23/1995 7/15/2032 City of Palm Desert Balance due Property Acquisition
(Eligible upon receipt of FOC)
1 3,137,500 N $ - $ - $ -
178 North Sphere Property Acquisition City/County Loan (Prior
06/28/11), Property
transaction
8/16/1999 7/15/2032 City of Palm Desert Balance due Property Acquisition
(Eligible upon receipt of FOC)
1 5,225,745 N $ - $ - $ -
179 North Sphere Property Acquisition City/County Loan (Prior
06/28/11), Property
transaction
8/16/1999 7/15/2038 City of Palm Desert Balance due Property Acquisition
(Eligible upon receipt of FOC)
2 3,057,255 N $ - $ - $ -
180 El Paseo Multi Use Community
Center
Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
1 N $ - $ - $ -
181 North Sphere Regional Park Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
2 N $ - $ - $ -
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 18-19
Total
18-19B (January - June)
18-19A
Total
Palm Desert Recognized Obligation Payment Schedule (ROPS 18-19) - ROPS Detail
July 1, 2018 through June 30, 2019
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
18-19A (July - December)
18-19B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
182 Public Parking Facility Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
3 N $ - $ - $ -
183 President's Plaza Parking Lot Imps Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible upon
receipt of FOC)
3 N $ - $ - $ -
184 Community Facilities and Public
Infrastructure
Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved projects pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 N $ - $ - $ -
185 Drainage Improvements Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 N $ - $ - $ -
186 CLO Villas/Traffic Circle
Improvements
Bond Funded Project – Pre-
2011
1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 N $ - $ - $ -
187 Las Serenas Expansion Improvement/Infrastructure 1/1/2014 6/30/2018 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA N $ - $ - $ -
189 Project Area Administration Admin Costs 11/25/1981 7/19/2044 Various Allowable Costs per Admin Plan-staff,
utililities, professional services, etc.
1-4 9,942,734 N $ 967,937 483,969 $ 483,969 483,968 $ 483,968
190 Costs Associated with Disposition of
Assets
Property Dispositions 7/1/2014 6/30/2018 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 $ 30,000 15,000 - $ 15,000 718 14,282 $ 15,000
191 El Paseo Revitlization - Ph. 2 Bond Funded Project – Pre-
2011
1/1/2015 6/30/2018 Various Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
1 N $ - $ - $ -
192 2017 Tax Allocation Refunding Bond
Issue - $52,390,000
Bonds Issued After 12/31/10 1/23/2017 10/1/2033 US Bank Semi-Annual Debt Service Payment 1-4 69,151,775 N $ 5,027,050 2,469,075 $ 2,469,075 2,557,975 $ 2,557,975
193 2017 Tax Allocation Refunding Bond
Issue - $140,130,000
Bonds Issued After 12/31/10 1/23/2017 10/1/2041 US Bank Semi-Annual Debt Service Payment 1-4 186,216,366 N $ 12,115,828 5,549,503 $ 5,549,503 6,566,325 $ 6,566,325
194 2017 Tax Allocation Refunding Bond
Issue - $7,365,000
Bonds Issued After 12/31/10 1/23/2017 10/1/2031 US Bank Semi-Annual Debt Service Payment HA 9,417,122 N $ 682,693 340,334 $ 340,334 342,359 $ 342,359
195 2017 Tax Allocation Refunding Bond
Issue - $45,815,000
Bonds Issued After 12/31/10 1/23/2017 10/1/2023 US Bank Semi-Annual Debt Service Payment HA 41,964,338 N $ 8,469,151 4,235,288 $ 4,235,288 4,233,863 $ 4,233,863
196 N $ - $ - $ -
197 N $ - $ - $ -
198 N $ - $ - $ -
199 N $ - $ - $ -
200 N $ - $ - $ -
201 N $ - $ - $ -
202 N $ - $ - $ -
203 N $ - $ - $ -
204 N $ - $ - $ -
205 N $ - $ - $ -
206 N $ - $ - $ -
207 N $ - $ - $ -
208 N $ - $ - $ -
A B C E F G H I
Other RPTTF
Bonds issued on
or before
12/31/10
Prior ROPS
period balances
and
DDR RPTTF
balances
retained
Prior ROPS
RPTTF
distributed as
reserve for future
period(s)
Rent,
grants,
interest, etc.
Non-Admin
and
Admin
1 Beginning Available Cash Balance (Actual 07/01/15)
99,678,914 5,022,327 - 1,146,373 530,583
*DDR Restricted Cash: UCR Bond Funds, Energy
Investment, and Bond Funds Reimb by other
Govt *Actual bals include prior period accruals.
Total does not consider receivable/payable as this
report is cash basis.
2 Revenue/Income (Actual 06/30/16)
RPTTF amounts should tie to the ROPS 15-16 total distribution from the
County Auditor-Controller during June 2015 and January 2016.
31,265,046 4,862,299 35,400,520
Other: Includes revenue generated from LRPMP
Sales proceeds.
3 Expenditures for ROPS 15-16 Enforceable Obligations (Actual
06/30/16)
112,717,367 269,696 5,035,438 35,931,103
Other: Includes expenditures related to LRPMP
Sales proceeds to CAC, ROPS, as well as red to
balances retained for Energy/Legal pursuant to
DDR.
4 Retention of Available Cash Balance (Actual 06/30/16)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
4,752,631 443,233
*DDR/Other Restricted Cash: UCR Bond Funds
($2,240,000)/Energy Investment
($1,594,000)/Bond Funds Reimb
($1,309,911)/($51,953)/Reso. 119
5 ROPS 15-16 RPTTF Balances Remaining
No entry required
6 Ending Actual Available Cash Balance (06/30/16)
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 + 5)
18,226,593$ -$ -$ 530,001$ -$ $530,001 applied to 2017/18 ROPS Distribution
Palm Desert Recognized Obligation Payment Schedule (ROPS 18-19) - Report of Cash Balances
July 1, 2015 through June 30, 2016
(Report Amounts in Whole Dollars)
source is available or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips
Sheet
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information for ROPS 15-16 Actuals
(07/01/15 - 06/30/16)
Item #Notes/Comments
59 Updated outstanding amount to include accrued interest due through 2019. Original Prin Loan $5,500,000.
60 Updated outstanding amount to include accrued interest due through 2019. Original Prin Loan $2,055,000.
61 Updated outstanding amount to include accrued interest due through 2019. Original Prin Loan $6,000,000.
177 Updated outstanding amount to include accrued interest due through 2019. Original Prin Loan $2,500,000.
178 Updated outstanding amount to include accrued interest due through 2019. Original Prin Loan $4,163,940.
179 Updated outstanding amount to include accrued interest due through 2019. Original Prin Loan $2,463,060.
Palm Desert Recognized Obligation Payment Schedule (ROPS 18-19) - Notes July 1, 2018 through June 30, 2019