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HomeMy WebLinkAboutSuccessor Agency - 2014-02 SUCCESSOR AGENCY RESOLUTION RESOLUTION NO. 2014- 02 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 JULY 1, 2014 THROUGH DECEMBER 31, 2014 I WHEREAS, California Health and Safety Code section 341770) requires that the i 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 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: (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 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. 14-4117/105168 1 SUCCESSOR AGENCY RESOLUTION NO. 2014-02 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 / '� day of 2014. Chair an REVIE E AND APPROVED: Ex of /birector APPROVED AS TO FORM: 3gency ounsel 14-4117/105168 2 successor agency Reso. 2014-02 EXHIBIT A ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2014 THROUGH DECEMBER 31, 2014 [behind this page] 14-4117/105168 3 a 41, Nor R ` CIC�@SSW Agei"11C E AdtfuintsttatiVe BudgYAM etal rr ©epart"ntji�dget Sun .. r ,Other Funds objoct Accoun13" s ' c � `� �� RAPS i4A LIPS 13:1 B, fLpPS 13- liditttlr� ►rcount RpRF A0rh1nittration is o) PERSONAL SERVICES",� , Salaries/Benefits-Permanent 198,716 140,330 140,330 PERSONAL S _. 140>.. OPERATING EXPENSES k k.• � 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 , PERAT1NG EXPE $94 A*. µ 5 ; 425 .:tt0� � `:, , 2831,00$ Total ,, .:; 423 718 4031428 " ,: `565 330 WIN$10 a3 n 13-14A1 f .QPS3I'�k z S'I SIB Rsv 1t�allma c. s CI eti1id a >•.. ,..,.. ,.., ..a... .. Administrative Allowance 250,000 88,098 250,000 Other Funds 373,716 315,330 315,330 TotalT, ,«. . ,. 623 718 .403 428 $65330 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. Item 7. - 21 14B -116- Successor Agency Res. No. 2014-02 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 February 18, 2014 and that is was so adopted by the following vote: AYES: Katapodis, Hardy, Shaw, Harper, Boardman, Sullivan, Carchio NOES: None ABSENT: None ABSTAIN: None CleW of The Successor Agency to the Redevelopment Agency of the City of Huntington Beach, California