HomeMy WebLinkAboutSuccessor Agency - 2015-02 Successor Agency
RESOLUTION NO. 2015- 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, 2015 THROUGH DECEMBER 31, 2015
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, 2015 through December 31,
2015 ("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.
15-4582/116992 1
Successor Agency Resolution No. 2015-02
PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of
the City of Huntington Beach at a regular meeting thereof held on the 17th day of
February , 2015.
Chairma
RE VIE ED AND APPROVED:
e//W- O� A�
Ex cIt irector
APPROVED A T-�PFORM:
ency Counsel 0AV-,q)-/,5--
15-4582/116992 2
Successor Agency Resolution No. 2015-02
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2015 THROUGH DECEMBER 31, 2015
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15-4582/116992 3
y SuddBSS®C AgenCY f
JI ° �Adrri�i8ntitra�ptoyejBuBpdplget p
ff" S� a �38�6 G`!{PeL �alil 9d' m
` Other*Funcis by Object Account \
0'I-"ER FUNDS
Ag
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gg
M. ",RC1PS 95-16A Bud "
RORF Adm11nWtration(ssa) I `
PERSONAL SERVICES A
Salaries/Benefits-Permanent 210,000
PERSflNA1.SEFlVICE \ \` . j I, 0 00.:'.
OPERATING EXPENSES k ;
Legal Services 75,000
Other Professional Services 100,000
Other Operating 240,000
FEEtAf-OT
AN0 EXPEN,RES
\ 496,00
,
1625,000
j,
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UM
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Rene nue Sumrr ROPE 15-16A Budget_
Administrative Allowance 250,000
Other Funds 375,000
Total
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 o
$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 expense
associated with the dissolution and administration of the Successor,Agency.
M -111- Item 9. - 18
Successor Agency
Res. No. 2015-02
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 17, 2015 and that is was so adopted by
the following vote:
AYES: Posey, O'Connell, Katapodis, Hardy, Sullivan, Delgleize, Peterson
NOES: None
ABSENT: None
ABSTAIN: None
Clerk PThe Successor A ency to
the Redevelopment Agency of the
City of Huntington Beach, California