HomeMy WebLinkAboutOversight Board - 2016-02 RESOLUTION NO 2016- 0 2
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH APPROVING ] HE SUCCESSOR AGENCY
ADMINISTRATIVE BUDGET' FOR THE PERIOD JULY 1, 2016 THOUGH
JUNE 30, 2017
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") prepate an administrative budget for each six month fiscal period, and
A draft administrative budget foi the fiscal period of July 1, 2016 through June 30, 2017
("Administrative Budget") is attached hereto as Exhibit A, and
California Health and Safety Code section 34177(k) requites the Successor Agency to
provide to the County Auditor-Controller administrative cost estimates for expenses from the
admnnrstiattve 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 ptereqursrtes 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 Successoi Agency staff is duected to (r) provide the tequrred cost estimates
for expenses to the County Auditor-Controller, and (it) to do any and all things and to execute
and deliver any and all documents which may be necessary or advisable in older 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 Successoi Agency or
the City of Huntington Beach under law and/or in equity by virtue of the adoption of tills
Resolution and actions approved and taken puisuant to this Resolution and, theiefoie, teseives
all such rights of the Oversight Board, the Successor Agency and the City of Huntington Beach
under law and/or in equity.
16-5060/130365 1
Oversight Board Reso . 2016-012
PASSED AND ADOPTED by the Oversight Boaid of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the
27th day of January 2016
Ch ipeiso
REVIEWE AND APPROVED
Ex utive Niector
APPROVED AS TO 1 ORM-
Gei al Legal Counsel _rAda 1 t'il\co
16-5060/130365 2
Oversight Board Reso . 2016-02
EX11113I f A
ADMINISTRATIVE BUDGET I,OR THE PERIOD
JULY 1, 2016 THROUGH JUNE 30, 2017
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16-5060/130365 3
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
Expenditure Object Account ROPS 16-17 Budget
RORF Administration Issol
PERSONAL SERVICES
Salaries/Benefits-Permanent 250.000
PERSONAL SERVICES 250,000
OPERATING EXPENSES
Legal Services -
Other Professional Services/Operating
OPERATING EXPENSES
Total 250,000
Revenue Summary ROPS 16-17 Budget
Administrative Allowance 250.000
Other Funds -
Total 250,000
Significant Changes
Pursuant to AB x126 and AB 14M,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 expenses
associated with the dissolution and administration of the Successor Agency.
Oversight Board
Res. No. 2016-02
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
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 Huntington Beach Redevelopment Agency at a
meeting held on January 27, 2016 and that it was so adopted by the following vote
AYES: Board Members: Bone, Fritzal, Hardy, Katapodis
NOES: Board Members: None
ABSENT: Board Members: Delgado, A Dunn, L Dunn
ABSTAIN: Board Members: None
Secr tary of the Huntington Beach
Oversight Board of the Successor
Agency of the Former City of
Huntington Beach Redevelopment
Agency Huntington Beach, California