HomeMy WebLinkAboutOversight Board - 2017-02 RESOLUTION NO. 2017-02
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, 2017 THOUGH
JUNE 30, 2018
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 the fiscal year; and
A draft administrative budget for the fiscal period of July 1, 2017 through June 30, 2018
("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 the fiscal year; 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.
17-5616/150268/mv 1
OVERSIGHT BOARD RESOLUTION 2017-02
PASSED AND ADOPTED by the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the
25th day of January , 2017.
M Ear,
C air erson
REVIVAPPROVED:
Ey/ufivi Director
APPROVED AS TO FORM:
Ge ral Legal Counsel nw
17-5616/150268/mv 2
OVERSIGHT BOARD RESOLUTION 2017-02
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1,2017 THROUGH JUNE 30, 2018
[behind this page]
17-5616/150268/mv 3
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
Exp2nditure Object Account ROPS 17-18 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 SummaryROPS 17-18 Budget
Administrative Allowance
Other Funds 250,000
Total -
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% of actual distdbuled
RPTTF In the preceding fiscal year, or a minimum of$250,D00 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. 2017-02
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH )
I,ROBIN ESTANISLAU, 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 January 25,2017 and that it
was so adopted by the following vote:
AYES: Board Members: Bone, Delgleize, L. Dunn, Fritzal, Hardy
NOES: Board Members: None
ABSENT: Board Members: Delgado, A. Dunn
ABSTAIN: Board Members: None
Secret of the Huntington Beach Oversight
Board of the Successor Agency of the Former
City of Huntington Beach Redevelopment
Agency, Huntington Beach, California