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Home My WebLink AboutPalm Desert_ROPS 2223 ExeRecognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Successor Agency: Palm Desert County: Riverside Current Period Requested Funding for Enforceable Obligations (ROPS Detail) A Enforceable Obligations Funded as Follows (B+C+D) B Bond Proceeds C Reserve Balance D Other Funds E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) F RPTTF G Administrative RPTTF H Current Period Enforceable Obligations (A+E) 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. 22-23A Total 22-23B Total ROPS 22-23 (July - (January - Total December) June) $ 67,500 $ 61,071 $ 128,571 67,500 61.071 128.571 $ 13,600,931 $ 14,184,442 $ 27,785,373 13,208,311 13,784,593 26,992,904 392,620 399,849 792,469 $ 13,668,431 $ 14,245,513 $ 27,913,944 Tami Scott Name Chairperson Title /s/ Signatur 1/ 0/2022 Palm Desert Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023 A B C D E F G H I J K L M N 1 O P Q R I S T U V W ROPS 22-23A (Jul - Dec) ROPS 22-23B (Ja-. Item Obligation Agreement Agreement Project Total ROPS 22.23A 22.23B Fund Sources Fund Sources # Project Name Type Execution Termination Payee Description Area Outstanding Retired 22-23 Total Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF $241,957,999 $27,913,944 $- $- $67,500 $13,208,311 $392,620 $13,668,431 S- $- $61,071 $13,784,593 $399,849 $14,245,513 9 Indian Litigation 02/27/ 02/27/2039 Indian Judgement 1 7,234,765 N $139,674 - - - 69,837 - $69,837 - - - 69,837 - $69,837 Springs 2009 Springs related to Stipulated Mobilehome ISMHP Agreement Park 32 Stipulated Litigation 11/20/ 11/25/2032 Various Duties 1 - N Judgement 1991 required Case No. under said 51124 court order. Desert Rose, Etc. PDHA subsidy for 1,100 Afford Units 43 Agency Property 07/011 06/30/2023 Utilities, Agency 1 450,000 N $135,000 - - 67,500 - - $67,500 - - 61,071 6,429 - $67,500 Owned Maintenance 2013 Maint owned Properties Services, properties HOA Dues, monthly Etc. carrying costs prior to disposition. 44 Additional Fees 07/01/ 06/30/2042 Willdan Additional 1 30,000 N $1,500 - - 750 - $750 - - 750 - $750 Disclosures 2013 disclosures on TAB's that will be required to report changesin 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. A B C D E F G H I J K L M N 1 O P Q R S T U V W ROPS 22-23A (Jul - Dec) ROPS 22-23B (Jan -Jun) Item Obligation Agreement Agreement Project Total ROPS 22.23A 22.23B Fund Sources Fund Sources # Project Name Type Execution Termination Payee Description Area Outstanding Retired 22-23 Total Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF 56 2003 Tax Bonds 03/12/ 08/01/2033 US Bank Semi -Annual 2 20,977,794 N $1,644,007 - - - 384,503 - $384,503 - 1,259,504 - $1,259,504 Allocation Issued On or 2003 Debt Service Bond Issue - Before 12/ Payment $15,745,000 31/10 59 North Sphere City/County 031231 07/15/2038 City of Palm Balance due 2 N$- Hotel land Loan (Prior 1995 Desert Property 06/28/11), Acquisition Cash exchange 60 North Sphere City/County 03/131 07/15/2038 City of Palm Loan for 2 N$- Property Loan (Prior 1997 Desert Property Acquisition 06/28/11), Acquisition Cash exchange 61 City Loan for City/County 12/051 07/15/2038 City of Palm Formation of 2 N$- formation of Loan (Prior 1986 Desert PA/Prop Project Area 06128/11), Acquisition No. 2- 1986 Cash exchange 86 Stipulated Litigation 11/201 07/15/2038 Various Duties 2 N $-$- Judgement 1991 required Case No. under said 51124 court order. Vineyards, Emerald Brook (Palm Desert 103) PDHA subsidy for 1,100 Afford Units 119 Stipulated Litigation 11/20/ 07/16/2038 Various Duties 3 - N$- Judgement 1991 required Case No. under said 51124 court order. Falcon Crest Afford Housing Dev Homeowners at lots 1 through 93, at al. PDHA Subsidy for 1,100 Affordable Units 160 Stipulated Litigation 11/20/ 07/15/2038 Various Duties 4$- A B C D E F G H I J K L M N 1 O P Q R S T U V W ROPS 22-23A (Jul - Dec) ROPS 22-23B (Jan -Jun) - Item Obligation Agreement Agreement Project Total ROPS 22.23A 22.23B Fund Sources Fund Sources # Project Name Type Execution Termination Payee Description Area Outstanding Retired 22-23 Total Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF Judgement 1991 required Case No. under said 51124 court order. PDHA subsidy for 1,100 Affordable Units 177 North Sphere City/County 03/231 07/15/2032 City of Palm Balance due 1 - N$- Property Loan (Prior 1995 Desert Property Acquisition 06/28/11), Acquisition Cash (Eligible exchange upon receipt of FOC) 178 North Sphere City/County 08/16/ 07/15/2032 City of Palm Balance due 1 - N$- Property Loan (Prior 1999 Desert Property Acquisition 06128/11), Acquisition Cash (Eligible exchange upon receipt of FOC) 179 North Sphere City/County 08/16/ 07/15/2038 City of Palm Balance due 2 N$- Property Loan (Prior 1999 Desert Property Acquisition 06/28/11), Acquisition Cash (Eligible exchange upon receipt of FOC) 189 Project Area Admin Costs 11/25/ 07/19/2044 Various Allowable 1-4 8,033,143 N $792,469 - 392,620 $392,620 - - 399,849 $399,849 Administration 1981 Costs per Admin Plan - staff, utilities, professional services, etc. 190 Costs Property 07/01/ 06/30/2023 City of Palm Remediation 1-4 350,000 N $25,000 12,500 - $12,500 - 12,500 - $12,500 Associated Dispositions 2013 Desert of Health with and Safety Disposition of Issues and Assets costs related to sale of properties owned by former RDA 192 2017 NHA Bonds 01/23/ 10/01/2033 US Bank Semi -Annual 1-4 48,727,000 N $3,855,125 - - 2,587,500 - $2,587,500 - 1,267,625 - $1,267,625 Tax Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $52,390,000 193 2017 NHB Bonds 01/23/ 10/01/2041 US Bank Semi -Annual 1-4 136,868,044 N $14,266,844 - - - 6,630,581 - $6,630,581 - - 7,636,263 - $7,636,263 Tax Allocation Issued After 2017 Debt Service A B C D E F G H I J K L M N 1 O P Q R S T U V W ROPS 22-23A (Jul - Dec) ROPS 22-23B (Jan -Jun) Item Obligation Agreement Agreement Project Total ROPS 22.23A 22.23B Fund Sources Fund Sources # Project Name Type Execution Termination Payee Description Area Outstanding Retired 22-23 Total Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF Refunding 12/31/10 Payment Bond Issue - $140,130,000 194 2017 HA Tax Bonds 01/23/ 10/01/2031 US Bank Semi -Annual HA 6,715,772 N $680,769 - - 339,509 - $339,509 - - - 341,260 - $341,260 Allocation Issued Aker 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $7,365,000 195 2017 HB Tax Bonds 01/231 10/01/2023 US Bank Semi -Annual HA 12,571,481 N $6,373,556 - - - 3,183,131 - $3,183,131 - - - 3,190,425 - $3,190,425 Allocation Issued After 2017 Debt Service Refunding 12/31/10 Payment Bond Issue - $45,815,000 Palm Desert Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances July 1, 2019 through June 30, 2020 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (1), 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 Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS ROPS 19-20 Cash Balances RPTTF and Comments (07/01 /19 - 06/30120) Bonds issued Bonds issued Reserve Rent, grants, Non-Admin on or before on or after Balances retained interest, etc. and Admin 12/31/10 01/01/11 for future period(s) 1 Beginning Available Cash Balance (Actual 07/01119) 761,000 1,635,817 133,947 Prior Year Cash Balance (G5) RPTTF amount should exclude "A" period distribution amount. 2 Revenue/income (Actual 06/30/20) 56,832 185,967 34,787,880 Includes PMP Sales, Interest Earning, Lit RPTTF amount should tie to the ROPS 19-20 total Deposit and RPTTF Deposit distribution from the County Auditor -Controller 3 Expenditures for ROPS 19.20 Enforceable Obligations 93,000 916,970 34,700,298 Includes PMP Sales Proceeds to CAC, (Actual 06/30120) reduction to energy investment, permitted amounts from other on 18/19 ROPS, ROPS 4 Retention of Available Cash Balance (Actual 06130/20) 724,832 863,825 133,947 DDR/Other Restricted Cash: Energy RPTTF amount retained should only include the amounts Investment ($668,000)/Litigation Deposit distributed as reserve for future period(s) ($56,832)/Amt Distributed from Balance in 20/ 21 ($731,007)/Amt Distributed from Balance in 21/22 ($266,765) 5 ROPS 19-20 RPTTF Prior Period Adjustment No entry required RPTTF amount should tie to the Agency's ROPS 19-20 PPA form submitted to the CAC Pursuant to Health and Safety Code section 34177 (1), 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 Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS ROPS 19-20 Cash Balances RRese anndd Comments (07/01/19 - 06/30120) Bonds issued Bonds issued Reserve Rent, grants, Non-Admin on or before on or after Balances retained interest, etc. and Admin 12/31/10 01/01/11 for future period(s) 6 Ending Actual Available Cash Balance (06/30/20) $- $- $- $40,989 $87,582 Matches PPA C to F=(1+2-3-4),G=(1+2-3-4-5) Palm Desert Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023 Item # Notes/Comments 9 32 ---- -_. 43 _------- -___ ____.-------- ____ ____.--------- 44 ' --- -___ 56 _------- -___ ____.-------- ____ ____.--------------- 59 60 61 86 119 --- ---- 160 -------- -___ ____.--------- ____ ____. -------- 177 --- ---- 178 -------- -___ ____.--------- ____ ____.--------- 179 ' --- -___ 189 _------- -___ ____.--------- ____ ____. -------- 190 192 193 194 195