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HomeMy WebLinkAboutSuccessor Agency - 2013-04 0001RESOLUTION NO 2013- 04 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE PERIOD JANUARY 1, 2014 THROUGH JUNE 30, 2014 WHEREAS, California Health and Safety Code section 341770) requires that the Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") prepare an administrative budget for each six month fiscal period, and A draft administrative budget for the fiscal period of January 1, 2014 through June 30, 2014 ("Administrative Budget") is attached hereto as Exhibit A, and California Health and Safety Code section 34177(k) requires the Successor Agency to provide to the County Auditor -Controller administrative cost estimates for expenses from the administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund for each six month fiscal period, and All of the prerequisites with respect to the approval of this Resolution have been met NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows 1 The Successor Agency hereby finds and determines that the foregoing recitals are true and correct 2 The Administrative Budget attached hereto as Exhibit A is hereby approved 3 The Successor Agency staff is directed to (1) provide the required cost estimates for expenses to the County Auditor -Controller, and (n) to do any and all things and to execute and deliver any and all documents which may be necessary or advisable in order to effectuate the purposes of this Resolution 4 The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City of Huntington Beach under law and/or in equity 1 13-3914/101079 Successor Agency Resolution No 2013- 04 PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the 16th day of September, 2013 �> �n Chairman REVIEWED AND APPROVED Director APPROVED AS TO FORM ency C nsel 2 13-3914/101079 Successor Agency Resolution No 2013- Q4 EXHIBIT A ADMINISTRATIVE BUDGET FOR THE PERIOD JANUARY 1, 2014 THROUGH JUNE 30, 2014 [behind this page] Successor Agency Resolution No. 2013-04 enc, -�`a'=`, ,", F., w�Successor�A- - ��Y; rt,�t,^r :.. �r :. •ry z u =5;' -i r __ s m., t - - - iistc'`' y. , ... DepaMrtment Budget Summary ={ ._ c�ti �.�`�'�'- • a`^ _. .•a <"= ,`, -�. µ��=^`p 5'nk tb -c r��. 'Funds Other-ObjectAccount''' �'�'.r, -=,'..s� - - _ ti n�1i:=xW.z+u _ .. a S n 'kY . _-- <`�h :Z_,. a%=' Y+�,.h� r �Y'C j _ "'li �� sK i•.-i �_ : ti; ram" `j . Ly e^: "' .. `j� " _ �- - ..-' _ - ♦ _.-3'r = s �wC. = _ - F{}I f i OTHER=FUNDS Y _'Afi, s r.ha �'� -"� _r' t-�1�,#� r-:d"-- -x ham` +i. + 9' . � VF ^ � _ -'•... _ x 4 � 4V ^�Y Expendit"Up �RORF Administration (3so)= _ =PERSONAL SERVICES ` Salanes/Benefits - Permanent 1,032,561 (including unfunded administrative costs carryover) PERSONAL' SERVICES � u s a hu ��15,032,5610 ,OPERATING EXPENSES - Legal Services 210,321 Other Professional Services 200,000 Administrative Allowance 250,000 ORER4TING�EXRENSE,. - �..n� H 2-1 Huxn r.ti.;- Total - -- - = - _ 1,692,882 9524MVU_ _ r ,�., ,rq3, ' _ ',;,�,' �-n �^ �,,' z �yROPS'�13=14B ,f+ Revenue=Summa �> R t` g d9 M' - ti ='ter _ - ��_ a Administrative Allowance w 250,000 Other Funds 1,442,882 Total - _ 1,692,882 signiticant changes Pursuant to AB x126 and AB 1484, the Successor Agency receives RPTTF funding from the County Auditor -Controller to pay Enforceable Obligations The Successor Agency also receives a 3% or minimum of $250,000 for administration of the winding down of the former Redevelopment Agency per fiscal year Administrative costs associated with the "wind down" and dissolution of the Redevelopment Agency that exceed the administrative cost allowance will be funded by Other Funds, pursuant to State rules and the City's Cost Allocation Plan pursuant to the Federal Office of Management and Budget's OMB A-87 requirements Administrative expenses include personnel costs, legal, and other professional services expenses associated with the dissolution and administration of the Successor Agency Successor Agency Res. No. 2013-04 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, JOAN L FLYNN the Clerk of the Successor Agency to the former City of Huntington Beach Redevelopment Agency, Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by The Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting held on September 16, 2013 and that is was so adopted by the following vote - AYES: Sullivan, Hardy, Harper, Boardman, Carchio, Shaw, Katapodis NOES: None ABSENT: None ABSTAIN: None Cley of The Successor A4ffency to the Redevelopment Agency of the City of Huntington Beach, California