HomeMy WebLinkAboutROPS 1415A DOF ApproveName of Successor Agency:Palm Desert
Name of County:Riverside
Current Period Requested Funding for Outstanding Debt or Obligation
A 26,999,426$
B 26,749,426
C -
D 250,000
E 15,861,698$
F 15,399,707
G 461,991
H Current Period Enforceable Obligations (A+E):42,861,124$
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF (E):15,861,698
J (351,490)
K 15,510,208$
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E):15,861,698
M -
N 15,861,698
Name Title
/s/
Signature Date
Recognized Obligation Payment Schedule (ROPS 14-15A) - Summary
Filed for the July 1, 2014 through December 31, 2014 Period
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding
Sources (B+C+D):
Non-Administrative Costs (ROPS Detail)
Enforceable Obligations Funded with RPTTF Funding (F+G):
Bond Proceeds Funding (ROPS Detail)
Reserve Balance Funding (ROPS Detail)
Other Funding (ROPS Detail)
Six-Month Total
Administrative Costs (ROPS Detail)
Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)
Adjusted Current Period RPTTF Requested Funding (I-J)
Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA)
Adjusted Current Period RPTTF Requested Funding (L-M)
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m) 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 agency.
5/20/2014
12:52 PM
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
1,091,667,144$ 26,749,426$ -$ 250,000$ 15,399,707$ 461,991$ 42,861,124$
1 2002 Tax Allocation Refunding Bonds Issued On or 2/28/2002 4/1/2030 Wells Fargo Bank Semi-Annual Debt Service Payment 1 35,299,838 N 557,333 $ 557,333
2 2003 Tax Allocation Bond Issue -
$19,000,000
Bonds Issued On or
Before 12/31/10
7/15/2003 4/1/2030 Wells Fargo Bank Semi-Annual Debt Service Payment 1 31,917,500 N 475,000 $ 475,000
3 2004 Tax Allocation Bond Issue -
$24,945,000
Bonds Issued On or
Before 12/31/10
6/9/2004 4/1/2025 Wells Fargo Bank Semi-Annual Debt Service Payment 1 19,456,319 N 1,599,294 $ 1,599,294
4 2006 Tax Allocation Bond Issue -
$62,320,000
Bonds Issued On or
Before 12/31/10
6/22/2006 4/1/2030 Wells Fargo Bank Semi-Annual Debt Service Payment 1 58,011,816 N 4,036,241 $ 4,036,241
5 2007 Tax Allocation Bond Issue -
$32,600,000
Bonds Issued On or
Before 12/31/10
12/13/2006 4/1/2018 Wells Fargo Bank Semi-Annual Debt Service Payment 1 15,291,500 N 3,573,000 $ 3,573,000
7 2002 Housing Tax Allocation Bond
Issue - $12,000,000
Bonds Issued On or
Before 12/31/10
8/21/2002 10/1/2031 Wells Fargo Bank Semi-Annual Debt Service Payment 1 13,220,019 N 213,124 $ 213,124
8 2007 Housing Tax Allocation Bond
Issue - $87,056,348
Bonds Issued On or
Before 12/31/10
1/25/2007 10/1/2027 Wells Fargo Bank Semi-Annual Debt Service Payment 1 71,249,125 N 1,337,969 $ 1,337,969
9 Indian Springs Stipulated
Agreement
Litigation 2/27/2009 2/27/2039 Indian Springs Mobilehome
Park
Judgement related to ISMHP 1 8,352,147 N 69,836 $ 69,836
10 L/M Housing Fund Loan SERAF/ERAF 6/30/2010 6/30/2015 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 1 10,438,131 N $ -
14 Alessandro Alleyway Improvement/Infrastr
ucture
2/28/2011 6/30/2016 Prest Vuksic Architects Payments per existing contract for
public parking improvements along
commercial corridor.
1 3,514 N 3,514 $ 3,514
29 El Paseo Revitlization Improvement/Infrastr
ucture
7/10/2008 6/30/2016 Forma Design, Inc Payments for existing contract for
public improvements in the central
business district and commercial
corridor.
1 168,558 N 168,558 $ 168,558
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 1,920,827 N 213,425 $ 213,425
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 $ -
34 FW Drive Widening Improvements Improvement/Infrastr
ucture
5/27/2010 6/30/2016 Kimley Horne & Associates Payments on existing contracts for
street improvements along Fred
Waring Drive.
1 7,658 N 7,658 $ 7,658
35 FW Drive Widening Improvements Improvement/Infrastr
ucture
9/10/2009 6/30/2016 VA Consulting Payments on existing contracts for
street improvements along Fred
Waring Drive.
1 2,103 N 2,103 $ 2,103
36 FW Drive Widening Improvements Improvement/Infrastr
ucture
11/3/2009 6/30/2016 Ecorp Consulting Payments on existing contracts for
street improvements along Fred
Waring Drive.
1 4,568 N 4,568 $ 4,568
37 FW Drive Widening Improvements Improvement/Infrastr
ucture
4/28/2011 6/30/2016 NAI Consulting Payments on existing contracts for
street improvements along Fred
Waring Drive.
1 10,668 N 10,668 $ 10,668
38 Portola Wall & Sidewalk Imps Improvement/Infrastr
ucture
5/22/2008 6/30/2016 David Evans & Associates Payments on existing contract for
public improvements relative to the
Portola Avenue Wall and Sidewalk
Relocation project.
1 25,495 N 25,495 $ 25,495
43 Agency Owned Properties Property
Maintenance
7/1/2013 12/31/2014 Utilities, Maint Services,
HOA Dues, Etc.
Agency owned properties monthly
carrying costs prior to disposition.
1 468,750 N 120,000 $ 120,000
44 Additional Disclosures on TAB's Miscellaneous 7/1/2013 12/31/2014 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 37,100 N 700 $ 700
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
45 Bond Project Overhead Costs Project Management
Costs
7/1/2013 12/31/2014 Various Costs associated with administration
of bond
funded projects.
1 819,274 N 176,128 $ 176,128
46 Alessandro Alley Frontage Rd Imps Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
1 2,100,000 N 750,000 $ 750,000
47 Core Commercial Parking
Improvements
Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
1 5,000,000 N 1,000,000 $ 1,000,000
48 President's Plaza Parking Lot Imps Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
1 5,000,000 N 500,000 $ 500,000
49 Undergrounding Utilities Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
1 1,000,000 N - $ -
50 Portola Avenue Widening Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
1 1,362,919 N 250,000 $ 250,000
52 Santa Rosa Apartments Property
Maintenance
12/9/1999 1/1/2015 Utilities, Maint Services,
Etc.
Per contract dated 1/1/00 1 - Y $ -
53 Civic Center Park Community
Recreation Center Lease
Miscellaneous 5/23/1990 1/1/2015 Coachella Valley
Recreation & Park District
(Lessee)
Annual payment per existing contract
of $23,670 for each year through
2015 if lease use is terminated
1 94,680 N $ -
55 2002 Tax Allocation Refunding
Bond Issue - $17,310,000
Bonds Issued On or
Before 12/31/10
6/19/2002 8/1/2022 Wells Fargo Bank Semi-Annual Debt Service Payment 2 10,703,688 N 208,704 $ 208,704
56 2003 Tax Allocation Bond Issue -
$15,745,000
Bonds Issued On or
Before 12/31/10
3/12/2003 8/1/2033 Wells Fargo Bank Semi-Annual Debt Service Payment 2 27,129,844 N 384,503 $ 384,503
57 2006 Tax Allocation Bond Issue -
$67,618,273
Bonds Issued On or
Before 12/31/10
6/27/2006 8/1/2036 Wells Fargo Bank Semi-Annual Debt Service Payment 2 97,024,503 N 931,331 $ 931,331
59 North Sphere Hotel land City/County Loans
On or Before 6/27/11
3/23/1995 7/15/2038 City of Palm Desert Balance due Property Acquisition 2 5,500,000 N $ -
60 North Sphere Property Acquisition City/County Loans
On or Before 6/27/11
3/13/1997 7/15/2038 City of Palm Desert Loan for Property Acquisition 2 2,055,000 N $ -
61 City Loan for formation of Project
Area No. 2- 1986
City/County Loans
On or Before 6/27/11
12/5/1986 7/15/2038 City of Palm Desert Formation of PA/Prop Acquisition 2 6,000,000 N $ -
62 L/M Housing Loan SERAF/ERAF 6/30/2010 6/30/2015 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 2 3,755,605 N $ -
64 North Sphere Fire Station Improvement/Infrastr
ucture
1/29/2008 6/30/2016 Rudy Acosta Payments on existing contracts related
to a newly constructed fire station to
serve the North area.
2 8,750 N 8,750 $ 8,750
68 Aquatic Facility Improvement/Infrastr
ucture
12/10/2009 6/30/2016 Gould Evans Associates,
LLC
Payments on existing contracts related
to the Aquatic/Community Facility.
2 96,234 N 96,234 $ 96,234
69 Aquatic Facility Improvement/Infrastr
ucture
10/7/2010 6/30/2016 Planit Reprographics Payments on existing contracts related
to the Aquatic/Community Facility.
2 313 N 313 $ 313
70 Aquatic Facility Improvement/Infrastr
ucture
9/9/2010 6/30/2016 ASR Contructors Payments on existing contracts related
to the Aquatic/Community Facility.
2 - Y $ -
71 Aquatic Facility Improvement/Infrastr
ucture
10/28/2010 6/30/2016 Converese Consultants Payments on existing contracts related
to the Aquatic/Community Facility.
2 - Y $ -
82 Well Sites Improvement/Infrastr
ucture
11/14/1996 12/31/2014 CVWD Payments on existing contracts related
to the North area required future well
sites.
2 667,246 N 667,246 $ 667,246
85 Vested Pension Obligation-
CalPERS
Unfunded Liabilities 7/15/1987 7/15/2038 RDA Assigned Employees Obligation based on accrued leaves
and current MOU.
2 513,943 N 57,105 $ 57,105
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
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 $ -
91 Monterey @ I-10 Imps Improvement/Infrastr
ucture
3/20/2012 6/30/2016 NAI Consulting Payments on existing contracts for the
street improvements related to arterial
access inbound and outbound from
Interstate 10 on Monterey.
2 Y $ -
93 Monterey @ I-10 Imps Improvement/Infrastr
ucture
4/17/2012 6/30/2016 Overland Pacific & Cutler Payments on existing contracts for the
street improvements related to arterial
access inbound and outbound from
Interstate 10 on Monterey.
2 Y $ -
94 Monterey @ I-10 Imps Improvement/Infrastr
ucture
2/13/2009 6/30/2016 LSA Associates Payments on existing contracts for the
street improvements related to arterial
access inbound and outbound from
Interstate 10 on Monterey.
2 8,930 N 8,930 $ 8,930
95 Monterey @ I-10 Imps Improvement/Infrastr
ucture
10/14/2004 6/30/2016 Robert Bein Frost & Assoc Payments on existing contracts for the
street improvements related to arterial
access inbound and outbound from
Interstate 10 on Monterey.
2 11,692 N 11,692 $ 11,692
96 Portola @ I-10 Imps Improvement/Infrastr
ucture
12/8/2005 12/31/2014 Dokken Engineering Payments on existing contract related
to the alignment of Portola Avenue to
connect with the proposed new
interchange on I-10.
2 9,157 N 9,157 $ 9,157
100 Additional Disclosures on TAB's Miscellaneous 7/1/2013 12/31/2014 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 15,900 N 300 $ 300
102 Bond Project Overhead Costs Project Management
Costs
7/1/2013 12/31/2014 Various Costs associated with administration
of bond
funded projects.
2 1,463,869 N 402,616 $ 402,616
103 North Sphere Fire Station Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
2 7,000,000 N 50,000 $ 50,000
104 Monterey Ave On/Off Ramp Imps Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
2 500,000 N 250,000 $ 250,000
105 Portola @ I-10 Imps Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
2 6,800,000 N 6,800,000 $ 6,800,000
106 Undergrounding Utilities Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
2 12,000,000 N $ -
107 2003 Tax Allocation Bond Issue -
$4,745,000
Bonds Issued On or
Before 12/31/10
7/21/2003 4/1/2033 Wells Fargo Bank Semi-Annual Debt Service Payment 3 5,524,713 N 206,636 $ 206,636
108 2006 Tax Allocation Bond Issue -
$15,029,526
Bonds Issued On or
Before 12/31/10
6/27/2006 4/1/2041 Wells Fargo Bank Semi-Annual Debt Service Payment 3 29,899,775 N 596,938 $ 596,938
109 L/M Housing Loan SERAF/ERAF 6/30/2010 6/30/2015 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 3 970,313 N $ -
110 Cook Street Widening Improvement/Infrastr
ucture
2/24/2011 6/30/2014 Cooley Construction Payments on existing contracts related
to the infrastructure improvements on
Cook Street.
3 - Y $ -
118 Vested Pension Obligation-
CalPERS
Unfunded Liabilities 7/17/1991 7/17/2042 RDA Assigned Employees Obligation based on accrued leaves
and current MOU.
3 139,665 N 15,518 $ 15,518
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
119 Stipulated Judgement Case No.
51124
Litigation 11/20/1991 7/17/2042 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 Miscellaneous 7/1/2013 12/31/2014 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 10,600 N 200 $ 200
135 Bond Project Overhead Costs Project Management
Costs
7/1/2013 12/31/2014 Various Costs associated with administration
of bond
funded projects.
3 763,896 N 417,750 $ 417,750
136 Portola Avenue On/Off Ramp
Construction
Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
3 8,200,000 N 8,200,000 $ 8,200,000
137 Undergrounding Utilities Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
3 3,000,000 N 5,000 $ 5,000
138 Portola Avenue Widening Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
3 1,077,919 N 50,000 $ 50,000
139 Falcon Crest Lot K Improvement/Infrastr
ucture
1/1/2014 12/31/2014 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
3 200,000 N $ -
140 1998 $11,020,000 Tax Allocation
Bond Issue
Bonds Issued On or
Before 12/31/10
2/24/1998 10/1/2028 Wells Fargo Bank Semi-Annual Debt Service Payment 4 10,664,800 N 192,943 $ 192,943
141 2001 $15,695,000 Tax Allocation
Bond Issue
Bonds Issued On or
Before 12/31/10
11/15/2001 10/1/2031 Wells Fargo Bank Semi-Annual Debt Service Payment 4 18,707,130 N 287,950 $ 287,950
142 2006 $19,273,089 Tax Allocation
Bond Issue
Bonds Issued On or
Before 12/31/10
7/13/2006 10/1/2034 Wells Fargo Bank Semi-Annual Debt Service Payment 4 33,794,118 N 271,285 $ 271,285
143 L/M Housing Fund Loan SERAF/ERAF 6/30/2010 6/30/2015 Palm Desert Housing
Authority
2009/10 SERAF Loan Repayment 4 2,657,239 N $ -
144 PA 4 Public Improvements Improvement/Infrastr
ucture
5/22/2008 6/30/2016 Interactive Design Corp Payments per existing contract related
to the public improvements to develop
and construct public facilities for
emergency services, affordable
housing, façade improvements to
existing structures, and infrastructure
imps.
4 9,854 N 9,854 $ 9,854
145 PA 4 Public Improvements Improvement/Infrastr
ucture
1/29/2008 6/30/2016 Heitec Payments per existing contract related
to the public improvements to develop
and construct public facilities for
emergency services, affordable
housing, façade improvements to
existing structures, and infrastructure
imps.
4 7,420 N 7,420 $ 7,420
146 PD Country Club Undergrounding Improvement/Infrastr
ucture
2/14/2008 6/30/2016 Willdan Financial Services Payments per existing contract related
to undergrounding of utilities in Project
Area No. 4.
4 15,058 N 15,058 $ 15,058
157 Affordable Housing-Carlos Ortega
Villas
Improvement/Infrastr
ucture
4/8/2010 6/30/2016 Interactive Design Corp Payments per existing contract for a
72 unit affordable senior complex.
4 174,597 N 174,597 $ 174,597
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
159 Vested Pension Obligation-
CalPERS
Unfunded Liabilities 7/19/1993 7/19/2044 RDA Assigned Employees Obligation based on accrued leaves
and current MOU.
4 450,649 N 50,072 $ 50,072
160 Stipulated Judgement Case No.
51124
Litigation 11/20/1991 7/19/2044 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 Miscellaneous 7/1/2013 6/30/2014 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 15,900 N 300 $ 300
168 Carlos Ortega Villas Improvement/Infrastr
ucture
7/1/2013 12/31/2014 To Be Determined Agreement to build wall as part of
COV construction
4 42,000 N 42,000 $ 42,000
170 Bond Project Overhead Costs Project Management
Costs
7/1/2013 12/31/2014 Various Costs associated with administration
of bond
funded projects.
4 1,074,873 N 119,117 $ 119,117
171 Carlos Ortega Villas Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA 16,164,988 N 3,000,000 $ 3,000,000
172 Desert Pointe Rehabilitation Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA 2,000,000 N 50,000 $ 50,000
173 Undergrounding Utilities Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved projects pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 14,000,000 N $ -
174 Buydown Subsidies for Low-Mod
Housing
OPA/DDA/Constructi
on
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA 5,000,000 N $ -
175 Sagecrest Rehabilitation Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HA 2,721,429 N 50,000 $ 50,000
176 Project Area 1 Reserve for DS Reserves 6/22/2006 4/1/2030 Wells Fargo Bank Semi-Annual Debt Service Payment 1 44,036,331 N $ -
177 North Sphere Property Acquisition City/County Loans
On or Before 6/27/11
3/23/1995 7/15/2032 City of Palm Desert Balance due Property Acquisition
(Eligible upon receipt of FOC)
1 2,500,000 N $ -
178 North Sphere Property Acquisition City/County Loans
On or Before 6/27/11
8/16/1999 7/15/2032 City of Palm Desert Balance due Property Acquisition
(Eligible upon receipt of FOC)
1 4,163,940 N $ -
179 North Sphere Property Acquisition City/County Loans
On or Before 6/27/11
8/16/1999 7/15/2038 City of Palm Desert Balance due Property Acquisition
(Eligible upon receipt of FOC)
2 2,436,060 N $ -
180 El Paseo Multi Use Community
Center
Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
1 1,700,000 N 800,000 $ 800,000
181 North Sphere Regional Park Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
2 12,500,000 N 100,000 $ 100,000
182 Public Parking Facility Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
3 1,675,068 N 50,000 $ 50,000
183 President's Plaza Parking Lot Imps Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants dated 7/6/06 - (Eligible
upon receipt of FOC)
3 3,000,000 N 100,000 $ 100,000
184 Community Facilities and Public
Infrastructure
Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved projects pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 6,465,122 N 250,000 $ 250,000
185 Drainage Improvements Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 10,000,000 N 100,000 $ 100,000
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
186 CLO Villas/Traffic Circle
Improvements
Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
4 5,000,000 N 2,000,000 $ 2,000,000
187 Las Serenas Expansion Improvement/Infrastr
ucture
1/1/2014 12/31/2014 TBD from Unspent Bond
Proceeds
Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
HSG 2,000,000 N 5,000 $ 5,000
188 El Paseo Revitalization Improvement/Infrastr
ucture
1/1/2014 6/30/2014 City of Palm Desert Approved project pursuant to bond
covenants - (Eligible upon receipt of
FOC)
1 - Y - $ -
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 26,042,028 N 461,991 $ 461,991
190 Costs Associated with Disposition of
Assets
Property
Dispositions
7/1/2014 12/31/2014 City of Palm Desert Remediation of Health and Safety
Issues related to sale of properties
owned by former RDA
1-4 250,000 N 250,000 $ 250,000
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
A B C D E F G H I
Other RPTTF
Bonds Issued
on or before
12/31/10
Bonds Issued
on or after
01/01/11
Prior ROPS period
balances and DDR
balances retained
Prior ROPS
RPTTF
distributed as
reserve for
next bond
payment
Rent,
Grants,
Interest, Etc.
Non-Admin and
Admin
ROPS 13-14A Actuals (07/01/13 - 12/31/13)
1 Beginning Available Cash Balance (Actual 07/01/13)
Note that for the RPTTF, 1 + 2 should tie to columns J and O in the Report
of Prior Period Adjustments (PPAs)107,118,477 6,276,402 169,187 260,857
*DDR Restricted Cash: Casey's Deposit/UCR Bond Funds/Replacement
Reserve/Energy Investment * Actual balances include prior period accruals.
Total does not consider receivables/payables as this report is on cash basis.
2 Revenue/Income (Actual 12/31/13)
Note that the RPTTF amounts should tie to the ROPS 13-14A distribution
from the County Auditor-Controller during June 2013 132,855 416,000 513,290 21,479,279 ROPS 13-14A included on this line per instructions, however received in prior period.
3 Expenditures for ROPS 13-14A Enforceable Obligations (Actual
12/31/13)
Note that for the RPTTF, 3 + 4 should tie to columns L and Q in the Report
of PPAs 455,720 1,606,825 21,127,793
Reserve balance expenses include release of Casey's Deposit/Transfer of Reserve
Requirement to HA per ROPS 2.
4 Retention of Available Cash Balance (Actual 12/31/13)
Note that the RPTTF amount should only include the retention of reserves
for debt service approved in ROPS 13-14A
5 ROPS 13-14A RPTTF Prior Period Adjustment
Note that the RPTTF amount should tie to column S in the Report of
PPAs.
No entry required
351,490
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) 106,795,612$ -$ 5,085,577$ -$ 682,477$ 260,853$
ROPS 13-14B Estimate (01/01/14 - 06/30/14)
7 Beginning Available Cash Balance (Actual 01/01/14)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)106,795,612$ -$ 5,085,577$ -$ 682,477$ 612,343$
8 Revenue/Income (Estimate 06/30/14)
Note that the RPTTF amounts should tie to the ROPS 13-14B distribution
from the County Auditor-Controller during January 2014 75,000 - 178,695 21,630,822
9 Expenditures for 13-14B Enforceable Obligations (Estimate 06/30/14)
17,320,000 50,000 21,937,942
10 Retention of Available Cash Balance (Estimate 06/30/14)
Note that the RPTTF amounts may include the retention of reserves for
debt service approved in ROPS 13-14B 5,085,577 779,334
*DDR/Other Restricted Cash: UCR Bond Funds ($2,240,000)/Energy Investment
($2,065,000)/Bond Funds Reimbursed ($1,309,911) See bleow/H&S Issues related to
disposition (Line 190 ROPS).
11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)
89,550,612$ -$ -$ -$ 31,838$ 305,223$
*Other Retention: Due from Govt Rec listed on Sched 4 of DDR at $1,309,911
should have been designated as restricted as this reimbursed tax exempt bond
funds (2003-3 and 2006-3 proceeds). Reserve and Other funds available will be
restricted up to total.
Recognized Obligation Payment Schedule (ROPS) 14-15A - Report of Cash Balances
(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.
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period