Loading...
HomeMy WebLinkAboutROPS 1516B OB ApproveName of Successor Agency:Palm Desert Name of County:Riverside Current Period Requested Funding for Outstanding Debt or Obligation A 116,118,002$ B 115,413,590 C - D 704,412 E 16,480,402$ F 16,480,402 G - H Total Current Period Enforceable Obligations (A+E):132,598,404$ Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E):16,480,402 J (78,228) K 16,402,174$ County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF (E):16,480,402 M - N 16,480,402 Name Title /s/ Signature Date Recognized Obligation Payment Schedule (ROPS 15-16B) - Summary Filed for the January 1, 2016 through June 30, 2016 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. 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 992,084,809$ 115,413,590$ -$ 704,412$ 16,480,402$ -$ 132,598,404$ 1 2002 Tax Allocation Refunding Bond Bonds Issued On or 2/28/2002 4/1/2030 Wells Fargo Bank Semi-Annual Debt Service Payment 1 33,627,840 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 20,317,250 N 316,500 $ 316,500 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 15,900,925 N 309,250 $ 309,250 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 48,807,165 N 957,223 $ 957,223 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 7,796,500 N 181,250 $ 181,250 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 12,242,891 N 565,880 $ 565,880 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 61,594,844 N 7,278,344 $ 7,278,344 9 Indian Springs Stipulated Agreement Litigation 2/27/2009 2/27/2039 Indian Springs Mobilehome Park Judgement related to ISMHP 1 8,142,637 N 69,837 $ 69,837 10 L/M Housing Fund Loan SERAF/ERAF 6/30/2010 6/30/2015 Palm Desert Housing Authority 2009/10 SERAF Loan Repayment 1 6,684,981 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 3,513 N 3,513 $ 3,513 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. 1 153,854 N 153,854 $ 153,854 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 1,280,552 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 $ - 36 FW Drive Widening Improvements Improvement/Infrastr ucture 11/3/2009 6/30/2016 Ecorp Consulting 16409 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 17352 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 15197 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 6/30/2015 Utilities, Maint Services, HOA Dues, Etc. Agency owned properties monthly carrying costs prior to disposition. 1 190,000 N 60,000 $ 60,000 44 Additional Disclosures on TAB's Fees 7/1/2013 6/30/2015 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 35,000 N 700 $ 700 45 Bond Project Overhead Costs Project Management Costs 7/1/2013 6/30/2015 Various Costs associated with administration of bond funded projects. 1 769,356 N 769,356 $ 769,356 46 Alessandro Alley Frontage Rd Imps Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 1,976,098 N 1,976,098 $ 1,976,098 47 Core Commercial Parking Improvements Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 4,900,000 N 4,900,000 $ 4,900,000 Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 48 President's Plaza Parking Lot Imps Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 5,000,000 $ 5,000,000 49 Undergrounding Utilities Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 750,000 N 750,000 $ 750,000 50 Portola Avenue Widening Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 1,262,919 N 1,262,919 $ 1,262,919 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 9,187,597 N 1,143,684 $ 1,143,684 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 25,976,335 N 384,504 $ 384,504 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 92,925,772 N 2,416,069 $ 2,416,069 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 5,000,000 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 $ - 82 Well Sites Improvement/Infrastr ucture 11/14/1996 6/30/2015 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. 2 342,629 N 57,105 $ 57,105 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 $ - 94 Monterey @ I-10 Imps Improvement/Infrastr ucture 2/13/2009 6/30/2016 LSA Associates 15878 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 15950 Payments on existing contracts for the street improvements related to arterial access inbound and outbound from Interstate 10 on Monterey. 2 10,285 N 10,285 $ 10,285 96 Portola @ I-10 Imps Improvement/Infrastr ucture 12/8/2005 6/30/2015 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 9,157 N 9,157 $ 9,157 100 Additional Disclosures on TAB's Fees 7/1/2013 6/30/2015 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 15,000 N 300 $ 300 102 Bond Project Overhead Costs Project Management Costs 7/1/2013 6/30/2015 Various Costs associated with administration of bond funded projects. 2 1,718,534 N 1,718,534 $ 1,718,534 103 North Sphere Fire Station Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 7,000,000 $ 7,000,000 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 Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 104 Monterey Ave On/Off Ramp Imps Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 2 500,000 N 500,000 $ 500,000 106 Undergrounding Utilities Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 12,000,000 $ 12,000,000 107 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 5,024,604 N 81,674 $ 81,674 108 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 28,407,419 N 258,141 $ 258,141 109 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 $ - 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 93,109 N 15,519 $ 15,519 119 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 6/30/2015 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 10,000 N 200 $ 200 135 Bond Project Overhead Costs Project Management Costs 7/1/2013 6/30/2015 Various Costs associated with administration of bond funded projects. 3 363,896 N 363,896 $ 363,896 137 Undergrounding Utilities Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 3,000,000 $ 3,000,000 138 Portola Avenue Widening Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 1,077,919 $ 1,077,919 139 Falcon Crest Lot K Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 200,000 $ 200,000 140 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 9,720,483 N 583,433 $ 583,433 141 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 17,461,858 N 679,373 $ 679,373 142 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 32,306,263 N 360,285 $ 360,285 143 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 $ - 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 73,784 N 73,784 $ 73,784 159 Vested Pension Obligation-CalPERS Unfunded Liabilities 7/19/1993 7/19/2044 RDA Assigned Employees Obligation based on accrued leaves and current MOU. 4 300,432 N 50,073 $ 50,073 160 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 $ - 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 Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 165 Additional Disclosures on TAB's Fees 7/1/2013 6/30/2015 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 15,000 N 300 $ 300 168 Carlos Ortega Villas Improvement/Infrastr ucture 7/1/2013 6/30/2015 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 6/30/2015 Various Costs associated with administration of bond funded projects. 4 1,754,857 N 1,754,857 $ 1,754,857 171 Carlos Ortega Villas Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA 6,836,884 N 6,836,884 $ 6,836,884 172 Desert Pointe Rehabilitation Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA 2,000,000 N 2,000,000 $ 2,000,000 173 Undergrounding Utilities Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved projects pursuant to bond covenants - (Eligible upon receipt of FOC) 4 14,000,000 N 14,000,000 $ 14,000,000 174 Buydown Subsidies for Low-Mod Housing OPA/DDA/Constructi on 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA 5,000,000 N 5,000,000 $ 5,000,000 175 Sagecrest Rehabilitation Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HA 2,721,429 N 2,721,429 $ 2,721,429 176 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 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 1 800,000 N 800,000 $ 800,000 181 North Sphere Regional Park Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 12,500,000 $ 12,500,000 182 Public Parking Facility Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants dated 7/6/06 - (Eligible upon receipt of FOC) 2 1,675,068 N 1,675,068 $ 1,675,068 183 President's Plaza Parking Lot Imps Improvement/Infrastr ucture 1/1/2014 6/30/2015 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 3,000,000 $ 3,000,000 184 Community Facilities and Public Infrastructure Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved projects pursuant to bond covenants - (Eligible upon receipt of FOC) 4 6,365,122 N 6,365,122 $ 6,365,122 185 Drainage Improvements Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) 4 10,000,000 N 10,000,000 $ 10,000,000 186 CLO Villas/Traffic Circle Improvements Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) 4 4,732,008 N 4,732,008 $ 4,732,008 187 Las Serenas Expansion Improvement/Infrastr ucture 1/1/2014 6/30/2015 TBD from Unspent Bond Proceeds Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) HSG 2,000,000 N 2,000,000 $ 2,000,000 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 Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 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 14,205,169 N 494,412 $ 494,412 190 Costs Associated with Disposition of Assets Property Dispositions 7/1/2014 6/30/2015 City of Palm Desert Remediation of Health and Safety Issues and costs related to sale of properties owned by former RDA 400,000 N 150,000 $ 150,000 191 El Paseo Revitlization - Ph. 2 Improvement/Infrastr ucture 1/1/2015 6/30/2015 Various Approved project pursuant to bond covenants - (Eligible upon receipt of FOC) 1 500,000 N 500,000 $ 500,000 192 N $ - 193 N $ - 194 N $ - 195 N $ - 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 $ - 209 N $ - 210 N $ - 211 N $ - 212 N $ - 213 N $ - 214 N $ - 215 N $ - 216 N $ - 217 N $ - 218 N $ - 219 N $ - 220 N $ - 221 N $ - 222 N $ - 223 N $ - 224 N $ - 225 N $ - 226 N $ - 227 N $ - 228 N $ - 229 N $ - 230 N $ - 231 N $ - 232 N $ - 233 N $ - 234 N $ - 235 N $ - 236 N $ - 237 N $ - 238 N $ - 239 N $ - 240 N $ - 241 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 ROPS 14-15B Actuals (01/01/15 - 06/30/15) 1 Beginning Available Cash Balance (Actual 01/01/15) 104,987,531 5,085,577 - 820,760 690,441 *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 06/30/15) RPTTF amounts should tie to the ROPS 14-15B distribution from the County Auditor-Controller during January 2015 16,778,712 457,858 17,284,071 Other: Includes revenue generated from LRPMP Sales proceeds. 3 Expenditures for ROPS 14-15B Enforceable Obligations (Actual 06/30/15) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures in the Report of PPA, Columns L and Q 22,087,329 63,250 132,245 17,443,929 Other: Includes expenditures related to LRPMP Sales proceeds to CAC, as well as amount paid from prior balance per DOF for DS. 4 Retention of Available Cash Balance (Actual 06/30/15) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 14-15B RPTTF Prior Period Adjustment RPTTF amount should tie to the self-reported ROPS 14-15B PPA in the Report of PPA, Column S No entry required 78,228 6 Ending Actual Available Cash Balance C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) 99,678,914$ 5,022,327$ -$ 1,146,373$ 452,355$ ROPS 15-16A Estimate (07/01/15 - 12/31/15) 7 Beginning Available Cash Balance (Actual 07/01/15) (C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)99,678,914$ 5,022,327$ -$ 1,146,373$ 530,583$ 8 Revenue/Income (Estimate 12/31/15) RPTTF amounts should tie to the ROPS 15-16A distribution from the County Auditor-Controller during June 2015 14,718,107 257,165 18,998,346 Interest 9 Expenditures for ROPS 15-16A Enforceable Obligations (Estimate 12/31/15)110,109,686 325,000 19,445,078 Dist for Sale of Property/Other Funds Identified in ROPS 10 Retention of Available Cash Balance (Estimate 12/31/15) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 513,431 5,022,327 371,137 *DDR/Other Restricted Cash: UCR Bond Funds ($2,240,000)/Energy Investment ($1,813,000)/Bond Funds Reimb ($1,309,911)/Retention Payable ($513,431)/($30,553)/Reso. 119 11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)3,773,904$ -$ -$ 707,401$ 83,851$ Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - 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. For tips on how to complete the Report of Cash Balances Form, see [ INSERT URL LINK TO CASH BALANCE TIPS SHEET ] Fund Sources Comments Bond Proceeds Reserve Balance Cash Balance Information by ROPS Period A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB Net SA Non-Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Requested RPTTF) Net CAC Non- Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Requested RPTTF) Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 14-15B distributed + all other available as of 01/1/15) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 14-15B distributed + all other available as of 01/1/15) Net Lesser of Authorized / Available Actual Difference (If total actual exceeds total authorized, the total difference is zero) Net Difference (M+R) Net Lesser of Authorized / Available Actual Difference Net Lesser of Authorized / Available Actual Difference Net Difference 23,050,093$ 8,526,856$ -$ -$ 100,000$ 69,446$ 17,011,804$ 17,011,803$ 17,011,803$ 16,944,107$ 67,696$ 510,354$ 510,354$ $ 510,354 499,822$ 10,532$ 78,228$ -$ -$ -$ 1 2002 Tax Allocation - - - 557,333 557,333 $ 557,333 557,325 $ 8 $ 8 2 2003 Tax Allocation - - - 316,500 316,500 $ 316,500 316,497 $ 3 $ 3 3 2004 Tax Allocation Bond Issue - $24,945,000 - - - 338,050 338,050 $ 338,050 338,038 $ 12 $ 12 4 2006 Tax Allocation Bond Issue - $62,320,000 - - - 1,046,705 1,046,705 $ 1,046,705 1,046,677 $ 28 $ 28 5 2007 Tax Allocation Bond Issue - $32,600,000 - - - 266,000 266,000 $ 266,000 265,975 $ 25 $ 25 7 2002 Housing Tax Allocation Bond Issue - $12,000,000 - - - 558,125 558,125 $ 558,125 558,122 $ 3 $ 3 8 2007 Housing Tax Allocation Bond Issue - $87,056,348 - - - 7,122,969 7,122,969 $ 7,122,969 7,122,959 $ 10 $ 10 9 Indian Springs Stipulated Agreement - - - 69,837 69,837 $ 69,837 69,837 $ - $ - 10 L/M Housing Fund Loan - - - - - $ - $ - $ - 14 Alessandro Alleyway 3,514 - - - - $ - $ - $ - 29 El Paseo Revitlization 168,558 14,704 - - - - $ - $ - $ - 31 Vested Pension Obligation-CalPERS - - - 213,425 213,425 $ 213,425 213,425 $ - $ - 32 Stipulated Judgement Case No. 51124 - - - - - $ - $ - $ - 34 FW Drive Widening Improvements - - - - - $ - $ - $ - 35 FW Drive Widening Improvements - - - - - $ - $ - $ - 36 FW Drive Widening Improvements 4,568 - - - - $ - $ - $ - 37 FW Drive Widening Improvements 10,668 - - - - $ - $ - $ - 38 Portola Wall & Sidewalk Imps 25,495 - - - - $ - $ - $ - 43 Agency Owned Properties - - - 90,000 90,000 $ 90,000 28,215 $ 61,785 $ 61,785 44 Additional Disclosures on TAB's - - - 700 700 $ 700 - $ 700 $ 700 45 Bond Project Overhead Costs 253,536 - - - - $ - $ - $ - 46 Alessandro Alley Frontage Rd Imps 520,000 23,902 - - - - $ - $ - $ - 47 Core Commercial Parking Improvements 875,000 - - - - $ - $ - $ - 48 President's Plaza Parking Lot Imps 500,000 - - - - $ - $ - $ - 49 Undergrounding Utilities 400,000 250,000 - - - - $ - $ - $ - 50 Portola Avenue Widening 1,262,919 - - - - $ - $ - $ - 53 Civic Center Park Community Recreation Center Lease - - - - - $ - $ - $ - 55 2002 Tax Allocation Refunding Bond Issue - $17,310,000 - - - 1,118,704 1,118,704 $ 1,118,704 1,118,702 $ 2 $ 2 56 2003 Tax Allocation Bond Issue - $15,745,000 - - - 384,503 384,503 $ 384,503 384,503 $ - $ - 57 2006 Tax Allocation Bond Issue - $67,618,273 - - - 2,251,332 2,251,332 $ 2,251,332 2,247,024 $ 4,308 $ 4,308 59 North Sphere Hotel land - - - - - $ - $ - $ - 60 North Sphere Property Acquisition - - - - - $ - $ - $ - 61 City Loan for formation of Project Area No. 2- 1986 - - - - - $ - $ - $ - 62 L/M Housing Loan - - - - - $ - $ - $ - 64 North Sphere Fire Station - - - - - $ - $ - $ - 68 Aquatic Facility - - - - - $ - $ - $ - 69 Aquatic Facility - - - - - $ - $ - $ - 82 Well Sites 667,246 - - - - $ - $ - $ - 85 Vested Pension Obligation-CalPERS - - - 57,105 57,105 $ 57,105 57,105 $ - $ - 86 Stipulated Judgement Case No. 51124 - - - - - $ - $ - $ - 94 Monterey @ I-10 Imps 8,930 - - - - $ - $ - $ - Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a) (Report Amounts in Whole Dollars) ROPS 14-15B Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (January through June 2015) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds RPTTF ExpendituresRPTTF Expenditures ROPS 14-15B CAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16B by the SA to Finance and the CAC. Note that CACs will need to enter their own formulas at the line item level pursuant to the manner in which they calculate the PPA. Also note that the Admin amounts do not need to be listed at the line item level and may be entered as a lump sum. CAC Comments SA Comments A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB Net SA Non-Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Requested RPTTF) Net CAC Non- Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Requested RPTTF) Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 14-15B distributed + all other available as of 01/1/15) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 14-15B distributed + all other available as of 01/1/15) Net Lesser of Authorized / Available Actual Difference (If total actual exceeds total authorized, the total difference is zero) Net Difference (M+R) Net Lesser of Authorized / Available Actual Difference Net Lesser of Authorized / Available Actual Difference Net Difference 23,050,093$ 8,526,856$ -$ -$ 100,000$ 69,446$ 17,011,804$ 17,011,803$ 17,011,803$ 16,944,107$ 67,696$ 510,354$ 510,354$ $ 510,354 499,822$ 10,532$ 78,228$ -$ -$ -$ Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a) (Report Amounts in Whole Dollars) ROPS 14-15B Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (January through June 2015) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds RPTTF ExpendituresRPTTF Expenditures ROPS 14-15B CAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16B by the SA to Finance and the CAC. Note that CACs will need to enter their own formulas at the line item level pursuant to the manner in which they calculate the PPA. Also note that the Admin amounts do not need to be listed at the line item level and may be entered as a lump sum. CAC Comments SA Comments 95 Monterey @ I-10 Imps 11,692 - - - - $ - $ - $ - 96 Portola @ I-10 Imps 9,157 - - - - $ - $ - $ - 100 Additional Disclosures on TAB's - - - 300 300 $ 300 - $ 300 $ 300 102 Bond Project Overhead Costs 65,351 - - - - $ - $ - $ - 103 North Sphere Fire Station 50,000 - - - - $ - $ - $ - 104 Monterey Ave On/Off Ramp Imps 500,000 - - - - $ - $ - $ - 105 Portola @ I-10 Imps - - - - - $ - $ - $ - 106 Undergrounding Utilities - - - - - $ - $ - $ - 107 2003 Tax Allocation Bond Issue - $4,745,000 - - - 84,237 84,237 $ 84,237 84,235 $ 2 $ 2 108 2006 Tax Allocation Bond Issue - $15,029,526 - - - 262,709 262,709 $ 262,709 262,706 $ 3 $ 3 109 L/M Housing Loan - - - - - $ - $ - $ - 118 Vested Pension Obligation-CalPERS - - - 15,519 15,519 $ 15,519 15,519 $ - $ - 119 Stipulated Judgement Case No. 51124 - - - - - $ - $ - $ - 132 Additional Disclosures on TAB's - - - 200 200 $ 200 - $ 200 $ 200 135 Bond Project Overhead Costs 30,250 - - - - $ - $ - $ - 136 Portola Avenue On/Off Ramp Construction - - - - - $ - $ - $ - 137 Undergrounding Utilities 5,000 - - - - $ - $ - $ - 138 Portola Avenue Widening 500,000 - - - - $ - $ - $ - 139 Falcon Crest Lot K - - - - - $ - $ - $ - 140 1998 $11,020,000 Tax Allocation Bond Issue - - - 567,943 567,943 $ 567,943 567,941 $ 2 $ 2 141 2001 $15,695,000 Tax Allocation Bond Issue - - - 677,950 677,950 $ 677,950 677,948 $ 2 $ 2 142 2006 $19,273,089 Tax Allocation Bond Issue - - - 961,285 961,285 $ 961,285 961,283 $ 2 $ 2 143 L/M Housing Fund Loan - - - - - $ - $ - $ - 144 PA 4 Public Improvements - - - - - $ - $ - $ - 145 PA 4 Public Improvements - - - - - $ - $ - $ - 146 PD Country Club Undergrounding - - - - - $ - $ - $ - 157 Affordable Housing- Carlos Ortega Villas 103,709 29,925 - - - - $ - $ - $ - 159 Vested Pension Obligation-CalPERS - - - 50,073 50,072 $ 50,072 50,071 $ 1 $ 1 160 Stipulated Judgement Case No. 51124 - - - - - $ - $ - $ - 165 Additional Disclosures on TAB's - - - 300 300 $ 300 - $ 300 $ 300 168 Carlos Ortega Villas 42,000 - - - - $ - $ - $ - 170 Bond Project Overhead Costs 117,500 - - - - $ - $ - $ - 171 Carlos Ortega Villas 11,000,000 7,940,333 - - - - $ - $ - $ - 172 Desert Pointe Rehabilitation 50,000 - - - - $ - $ - $ - 173 Undergrounding Utilities - - - - - $ - $ - $ - 174 Buydown Subsidies for Low-Mod Housing 2,000,000 - - - - $ - $ - $ - 175 Sagecrest Rehabilitation 50,000 - - - - $ - $ - $ - 176 Project Area 1 Reserve for DS - - - - - $ - $ - $ - 177 North Sphere Property Acquisition - - - - - $ - $ - $ - 178 North Sphere Property Acquisition - - - - - $ - $ - $ - 179 North Sphere Property Acquisition - - - - - $ - $ - $ - 180 El Paseo Multi Use Community Center 800,000 - - - - $ - $ - $ - 181 North Sphere Regional Park 10,000 - - - - $ - $ - $ - A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB Net SA Non-Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Requested RPTTF) Net CAC Non- Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Requested RPTTF) Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 14-15B distributed + all other available as of 01/1/15) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 14-15B distributed + all other available as of 01/1/15) Net Lesser of Authorized / Available Actual Difference (If total actual exceeds total authorized, the total difference is zero) Net Difference (M+R) Net Lesser of Authorized / Available Actual Difference Net Lesser of Authorized / Available Actual Difference Net Difference 23,050,093$ 8,526,856$ -$ -$ 100,000$ 69,446$ 17,011,804$ 17,011,803$ 17,011,803$ 16,944,107$ 67,696$ 510,354$ 510,354$ $ 510,354 499,822$ 10,532$ 78,228$ -$ -$ -$ Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a) (Report Amounts in Whole Dollars) ROPS 14-15B Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (January through June 2015) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds RPTTF ExpendituresRPTTF Expenditures ROPS 14-15B CAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16B by the SA to Finance and the CAC. Note that CACs will need to enter their own formulas at the line item level pursuant to the manner in which they calculate the PPA. Also note that the Admin amounts do not need to be listed at the line item level and may be entered as a lump sum. CAC Comments SA Comments 182 Public Parking Facility 50,000 - - - - $ - $ - $ - 183 President's Plaza Parking Lot Imps 100,000 - - - - $ - $ - $ - 184 Community Facilities and Public Infrastructure 250,000 - - - - $ - $ - $ - 185 Drainage Improvements 100,000 - - - - $ - $ - $ - 186 CLO Villas/Traffic Circle Improvements 2,000,000 267,992 - - - - $ - $ - $ - 187 Las Serenas Expansion 5,000 - - - - $ - $ - $ - 189 Project Area Administration - - - - - $ - $ - $ - 190 Costs Associated with Disposition of Assets - - 100,000 69,446 - - $ - $ - $ - 191 El Paseo Revitlization - Ph. 2 500,000 - - - - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Item #Notes/Comments 32 Judgment is an enforceable obligation of the SARDA payable from RPTTF and the SARDA reserves its right to pursue further court action against DOF if it denies judgment. 86 Judgment is an enforceable obligation of the SARDA payable from RPTTF and the SARDA reserves its right to pursue further court action against DOF if it denies judgment. 119 Judgment is an enforceable obligation of the SARDA payable from RPTTF and the SARDA reserves its right to pursue further court action against DOF if it denies judgment. 160 Judgment is an enforceable obligation of the SARDA payable from RPTTF and the SARDA reserves its right to pursue further court action against DOF if it denies judgment. Palm Desert Recognized Obligation Payment Schedule (ROPS 15-16B) - Notes January 1, 2016 through June 30, 2016