The document discusses redevelopment in California and the Palm Springs Community Redevelopment Agency. It provides details on projects funded by redevelopment, including community facilities, hotels, retail, housing, and infrastructure. It summarizes the impact of the Supreme Court ruling eliminating redevelopment agencies and the transition to successor agencies to wind down remaining projects and obligations.

1. City of Palm Springs

2. Redevelopment in California
 Created after World War II to eliminate
blight in the State
 Constitution amended in 1952 to allow
the collection of property tax increment
 Became especially important to cities
after Prop 13 to fund public
improvements as well as undertake
economic development

3. Redevelopment in California
 Now more than 400 agencies in
California
 State began to shift tax increment to
schools in the 1990’s through ERAF
 Eminent domain became controversial
after Kelo decision at Supreme Court
 State took a total of $2.05 billion from
Agencies in 2009-10 and 2010-11

4. Community Redevelopment Agency
 Palm Springs CRA created in 1973 with
CBD Project Area
 City added nine more new areas
between 1983 and 1991
 The 10 areas were merged into two
areas in 2000: one largely Indian land
and one mostly non-Indian land
 Agencies also must set aside 20% of
increment for Low/Mod Housing

5. Community Facilities Funded with
Redevelopment
 College of the Desert Campus (Land)
 New Animal Shelter Construction
 Plaza Theater
 Frances Stevens Park/Palm Canyon
Theatre Renovation
 Jackie Lee Houston Plaza
 Part of Convention Center Debt Service
 Visitor Center Improvements

6. COD Campus

7. New Animal Shelter

8. Plaza Theatre

9. Frances Stevens Park/PCT

10. Jackie Lee Houston Plaza

11. Convention Center

12. Visitor Center Improvements

13. Hotel and Hospitality Projects
 Desert Shadows Inn Parcel Acquisition
and Street Improvements
 Casino Disposition & Development
Agreement
 Wyndham Land Assembly/Renaissance
Renovation
 Palm Mountain Resort
 Mondrian Project
 Hard Rock Project

14. Desert Shadows Inn

15. Casino DDA

16. Wyndham/Renaissance

17. Retail and Commercial Projects
 Improving, Expanding BMW and
Mercedes Dealership
 The Springs Shopping Center
 Ralphs Shopping Center Street
Improvements
 Stein Mart
 Façade Improvement Program

18. BMW, Mercedes Expansion

19. The Springs Shopping Center

20. Ralphs Shopping Center

21. Stein Mart

22. Street Projects
 South Palm Canyon Street Widening
 Radio Road Street Improvements
 Uptown Street Lighting Program
 East Tahquitz Lighting Program
 KFC Public Improvements
 Mesquite Avenue Median and Road
Improvements

23. Downtown Infrastructure
 Indian Canyon Drive Two-Way Traffic
Improvements
 Palm Canyon Drive and Indian Canyon
Drive Public Improvements
 Downtown Trash Enclosure and
Alleyway Enhancements
 Desert Fashion Plaza Street
Improvements

24. Trash Enclosure/Walkway

25. DFP Street Improvements

26. Downtown Parking Lots
 Catholic Church parking lot
 Blue Coyote Lot
 Vineyard parking lot
 Terrace Eateries Lot
 Las Casuelas Lot
 Henry Frank Arcade Lot
 Prairie Schooner
 Plaza Mercado DDA/Parking Lot

27. Low/Mod/Other Housing
 Vista Sunrise Apartments/Riverside
County Family Care Center
 Coyote Run Apartments (I & II)
 Cottonwood/Chuckwalla Single Family
Homes
 Desert Highland Single Family
Homebuyer Assistance and Infill Homes
 Burnett DDA – K. Hovnanian Four
Seasons

28. Vista Sunrise Apartments

29. Coyote Run

30. Desert Highland Infill Homes

31. Low/Mod Housing
 Vista Serena/Vista Del Monte Senior
Housing
 Sunrise Village Mobile Home Park
 El Dorado Mobile Home Park
 Sahara Mobile Home Park
 Neighborhood Revitalization Program
 Tahquitz Court Apartments
 La Ventana Apartments

32. Sahara Mobilehome Park

33. Supreme Court Ruling Eliminates
Redevelopment
What does this mean and what are the next steps?
 Upheld Assembly Bill 1X 26 (dissolution of
redevelopment agencies), but overturned AB 1X
27 which allowed agencies to continue with
voluntary payments to the State.
 All agencies are dissolved as of February 1, 2012.
 California Redevelopment Association is currently
working with state legislators to introduce
legislation to fix issues and save redevelopment.
We assume worst case.

34. Successor Agency
 The city or county that originally created
the former redevelopment agency
automatically becomes Successor Agency
 A Successor Agency is:
 Vested with any remaining authority, rights,
powers, duties and obligations formerly
vested to the redevelopment agency; and
 Responsible for winding down the affairs of
the former redevelopment agency (in
conjunction with the Oversight Board)

35. What Does Successor Agency Do?
 Successor Agency power over financial and
planning issues in the community, including:
 Making payments and performing obligations
(per enforceable obligations)
 Taking control of all redevelopment agency
assets, properties, contracts, leases, books and
records, buildings and equipment
 Disposing of assets and properties of the former
redevelopment agency
 Transferring housing functions
 Overseeing development of projects currently
underway

36. What is a Successor Housing
Agency?
 ABx1 26 provides City that originally created the
former redevelopment agency may elect to retain
affordable housing assets and functions; or
 The succeeding housing entity must assume all
rights, powers, duties and obligations of the former
redevelopment agency's affordable housing
functions.
 The succeeding housing entity receives all former
redevelopment agency housing assets, which may
include the repayment of loans or other obligations
(includes loans made for prior SERAF payments),
but excluding cash deposits. These funds may
be available for new affordable housing projects.

37. What Next?
 SB 654. Bill tries to correct a number of
issues related to Housing, including
allowing Successor Housing Agency to
retain the fund balances in the Low-Mod
Housing Fund to allow projects to
continue.
 Trying to get it adopted before
dissolution date of February 1, 2012.

38. Governor’s 2012-2013 Budget
 "In accordance with the Court's order, RDAs will be dissolved
on February 1, 2012. Revenues that would have been directed
to the RDAs will be distributed to make "pass through"
payments to local agencies that they would have received
under prior law, and to successor agencies for retirement of the
RDAs' debts and for limited administrative costs. The remaining
revenues will be distributed as property taxes to cities, counties,
school and community college districts, and special districts
under existing law. The Budget reflects an estimate that
approximately $1.05 billion in additional property tax revenue
will be received by K-14 schools in 2011-12, which will offset the
state's Proposition 98 General Fund obligation. Additional
property tax revenues are estimated at $340 million for
counties, $220 million for cities, and $170 million for special
districts. These amounts are expected to grow as property
values increase and debts are retired. Additional revenues will
also be distributed in the next several years as RDA assets are
monetized."