HomeMy WebLinkAboutSuccessor Agency - 2016-02 RESOLUTION NO 2016- 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, 2016 THROUGH 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")prepare an administrative budget for each six month fiscal period, and
A draft administrative budget for 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) requires the Successor Agency to
provide to the County Audi tor-Controllei administrative cost estimates foi expenses fiom the
administrative budget that ate to be paid fiom 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 aie
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 (n) to do any and all things and to execute
and deliver any and all documents which may be necessary of 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.
16-5060/130362 1
Resolution No . 2016-02
PASSED AND ADOPTED by the Successoi Agency to the Redevelopment Agency of
the City of Huntington Beach at a regular meeting thereof held on the 19th day of
January , 2016.
Chair n
REVIEWED AND APPROVED
Ex u tM P irector
APPROVED AS TO FORM
Gen al Legal Counsel O\CZ k`Z1k�o
16-5060/130362 2
Resolution No . 2016-02
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2016 THROUGH JUNE 30, 2017
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16-5060/130362 3
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
Expenditure Object Account BOPS 16-17 Budget
RORF Administration(350)
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 RODS 16-17 Budget
Administrative Allowance 250,000
Other Funds -
Tota I 250,000
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 assocated 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. - 14 1 ,r ()2-
Successor Agency
Res. No. 2016-02
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 January 19, 2016 and that is was so adopted by the
following vote
AYES: Posey, O'Connell, Sullivan, Katapodis, Hardy, Delgleize, Peterson
NOES: None
ABSENT: None
ABSTAIN: None
Clerk #The Success Agency to
the Redevelopment Agency of the
City of Huntington Beach, California