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RESOLUTION NO. 2014- 02
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH APPROVING THE SUCCESSOR AGENCY
ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2014 THOUGH
DECEMBER 31, 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 July 1, 2014 through December 31,
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 Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows:
1. The Oversight Board 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: (i) provide the required cost estimates
for expenses to the County Auditor-Controller; and (ii) 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 Oversight Board does not intend, by adoption of this Resolution, to waive
any constitutional, legal and/or equitable rights of the Oversight Board, 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 Oversight Board, the Successor Agency and the City of Huntington Beach
under law and/or in equity.
14-4132/105488 1
Oversight Board Resolution No. 2014-02
PASSED AND ADOPTED by the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the
26th day of February, 2014
Chairman
REVIEWED AND APPROVED:
— 6 /Pi
L,
Exe,/tide Director
APPROVED AS TO FORM:
S� Agency Cou sel
14-4132/105488 2
Oversight Board Resolution No. 2014-02
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2014 THROUGH DECEMBER 31, 2014
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14-4132/105488 3
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
ROPS 14A ROPS 13-14B2 ROP15 13_,
&penditureOb'ectAcc t _, Buis ;a x Bud et. Bud e
RORF Administration(350)
PERSONAL SERVICES
Salaries/Benefits-Permanent 198,716 140,330 140,330
PERSONAL S2V14r Eg - are � � . .. , 198,716 ,�a .._0 .. ..;330I
OPERATING EXPENSES
Legal Services 75,000 75,000 75,000
Other Professional Services 100,000 100,000 100,000
Administrative Allowance 250,000 88,098 250,000
00 PERA,lNGEEXPENSE ._ �;,9,.. ;�.fi; ._� ��. ��a �5 000� ���� �' �.:, �,� ��>
Total 623,716 403,428 565,330
�, � � >, SRO 14� OP
Revenue S'uinna � � =et
Administrative Allowance 250,000 88,098 250,000
Other Funds 373,716 315,330 315,330
Total 623,716 403,428 565,330
Significant 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$250,000 for administration of
the winding down of the former Redevelopment Agency per fiscal year. Administrative costs associated with the"wind
down" and dissolution of the Redevelopment Agency that exceed the administrative cost allowance will be funded by
Other Funds, pursuant to State rules. Administrative expenses include: personnel costs, legal, and other professional
services expenses associated with the dissolution and administration of the Successor Agency.
Res. No. 2014-02
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH )
I,JOAN FLYNN, Secretary of the Huntington Beach Oversight Board of the
Successor Agency of the Former City of Huntington Beach Redevelopment Agency, Huntington
Beach, California DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Huntington Beach Oversight Board of the Successor Agency of the Former City of Huntington
Beach Redevelopment Agency at a meeting held on February 26,2014 and that it was so
adopted by the following vote:
AYES: Board Members: Bone, Carchio, Delgado, A. Dunn, Fritzal, Harper
NOES: Board Members: None
ABSENT: Board Members: L. Dunn
ABSTAIN: Board Members: None
Secret of the Huntington$e,ch Oversight
Board the Successor Agen of the Former
City o Huntington Beach Redevelopment
Agency Huntington Beach, California