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RESOLUTION NO. 2017-02
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, 2017 THROUGH 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 each annual fiscal period; 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; aid
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 annual 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.
17-5582/149413/pd 1
RESOLUTION NO. 2017-02
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 17rh day of
January 2017.
Chauperson
REVIEWED AND APPROVED:
Ex tie irector
APPROVED AS ORM:
ener Legal Counsel v
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RESOLUTION NO. 2017-02
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2017 THROUGH JUNE 30, 2018
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Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
Expenditure Ob ect Account ROPS 17-18 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 17-18 B
uoget
Administrative Allowance 250,000
Other Funds
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 distributed
RPTTF in the preceding fiscal year,or a 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.
Successor Agency
Res. No. 2017-02
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ROBIN ESTANISLAU 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 17, 2017 and that is was so adopted
by the following vote:
AYES: O'Connell, Semeta, Posey, Hardy, Brenden, Peterson
NOES: None
ABSENT: Delgleize
ABSTAIN: None
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California