HomeMy WebLinkAboutAdopt Oversight Board Resolution Nos. 2015-06 and 2015-07 ap AGENDA REPORT
Oversight Board of the Huntington Beach Successor Agency
to the Redevelopment Agency
MEETING DATE: September 28, 2015
SUBJECT/ACTION: Adopt Oversight Board Resolution Nos 2015-06 and 2015-07
approving the Recognized Obligation Payment Schedule (ROPS)
and Administrative Budget for the Huntington Beach Successor
Agency for the period of January 1, 2016 through June 30, 2016,
in accordance with Health and Safety Code Section 34177 and
related actions
STATEMENT OF ISSUE:
The Oversight Board is requested to approve the Recognized Obligation Payment
Schedule (ROPS) and Administrative Budget for the period of January 1, 2016, through
June 30, 2016 An approved ROPS must be submitted to the Department of Finance
(DOF) by October 5, 2015
RECOMMENDED ACTION: Motion to
A) Adopt Resolution No 2015-06, "A Resolution of the Oversight Board of the
Successor Agency to the Redevelopment Agency of the City of Huntington
Beach Approving the Recognized Obligation Payment Schedule for the Period
January 1, 2016 Through June 30, 2016 ("ROPS 15-16B")," and,
B) Adopt Resolution No 2015-07, "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
January 1, 2016 Through June 30, 2016 "
BACKGROUND:
As a result of the California Supreme Court's ruling on the Dissolution Act, all
redevelopment agencies in California were dissolved effective February 1, 2012 The
Dissolution Act and AB 1484 for the Huntington Beach Successor Agency for the period
of January 1, 2016, through June 30, 2016, in accordance with Health and Safety Code
Section 34177 and related actions describe the procedures to wind down the affairs of
the former redevelopment agencies These provisions include the continued payment of
recognized enforceable obligations as defined in the law The Recognized Obligation
Payment Schedule for January 1, 2016, through June 30, 2016, requests payment for
enforceable obligations associated with the former Redevelopment Agency's Tax
Allocation bonds, development agreements, legal services, administrative, and other
miscellaneous costs The State Department of Finance (DOF) has the authority to
review the ROPS and return it to the Successor Agency for reconsideration and
modification
Therefore, the ROPS shall not be effective until approved by the State DOF The
Administrative Budget for the January 1, 2016, through June 30, 2016, period reflects a
total of$250,000, which represents three percent (3%) of the projected property tax
receipts during this period
ATTACHMENT(S):
1 Adopt Resolution No 2015-06, "A Resolution of the Oversight Board to the
Successor Agency to the Redevelopment Agency of the City of Huntington Beach
Approving the Recognized Obligation Payment Schedule for the Period January 1,
2016 Through June 30, 2016 ("ROPS 15-16B")," and,
2 Adopt Resolution No 2015-07, "A Resolution of the Oversight Board to the
Successor Agency to the Redevelopment Agency of the City of Huntington Beach
Approving the Successor Agency Administrative Budget for the Period January 1,
2016 Through June 30, 2016"
Oversight Board
RESOLUTIONNO 2015- 06
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH APPROVING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2016 THROUGH
JUNE 30, 2016 ("ROPS 15-1613")
WHEREAS, pursuant to AB xl 26 (as amended by AB 1484, the "Dissolution Act"), the
separate legal entity known as Successor Agency to the Redevelopment Agency of the City of
Huntington Beach ("Successor Agency") must prepare "Recognized Obligation Payment
Schedules" ("ROPS") that enumerate the enforceable obligations and expenses of the Successor
Agency for each successive six-month fiscal period until the wind down and disposition of assets
of the former Redevelopment Agency of the City of Huntington Beach, and
The Successor Agency staff has prepared a ROPS for the six-month fiscal period
commencing on January 1, 2016 and continuing through June 30, 2016 ("ROPS 15-1613") which
is attached hereto as Exhibit A, and
Under the Dissolution Act, ROPS 15-16B must be approved by the Successor Agency's
oversight board("Oversight Board"); and
After reviewing ROPS 15-16B presented to and recommended for approval to the
Oversight Board by Successor Agency staff, and after reviewing any written and oral comments
from the public relating thereto, the Oversight Board desires to approve the ROPS 15-1613; 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 Oversight Board hereby approves ROPS 15-16B in the form presented to the
Oversight Board and attached hereto as Exhibit A, and hereby determines that such agreements
and obligations constitute "enforceable obligations" and "recognized obligations" for all
purposes under the Dissolution Act.
3. The Oversight Board authorizes and directs the Successor Agency staff to: (i) take
all actions necessary under the Dissolution Act to post 15-16B on the Successor Agency website;
(ii) transmit ROPS 15-16B to the Auditor-Controller and the County Administrator of the
County of Orange and to the State Controller and the State Department of Finance ("DOF"); and
(iii) 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 In addition, the
Oversight Board authorizes and directs the Successor Agency staff to make such non-substantive
1
15-4894/125910
Oversight Board Reso . 2015-06
revisions to ROPS 15-16B as may be necessary to submit ROPS 15-16B in any modified form
required by DOF, and ROPS 15-16B as so modified shall thereupon constitute ROPS 15-16B as
approved by the Oversight Board pursuant to 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 lights of the Oversight Board, the Successor Agency and the City of Huntington Beach
under law and/or in equity.
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
28th dayof September , 2015 .
C ai
REVIE E AND APPROVED:
Ex tive Virector
APPROVED AS TO FORM:
Age y Counsel 19wo AlvcO S7
2
13-3914/101076
Oversight Board Reso . 2015-06
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JANUARY 1, 2016 THROUGH JUNE 30, 2016
("ROPS 15-1613")
[behind this page]
Recognized Obligation Payment Schedule(RODS 16-16B)-Summary
Filed for the January 1 2010 through June 30,2010 Period
Name of Successor Agency Huntington Beach
Name of County Orange ..
Current Period Requested Funding for Outstanding Debtor Obligation Six-Month Total
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding
A Sources(B+C+D) $ 200,000
B Bond Proceeds Funding(ROPS Detail) -
C Reserve Balance Funding(BOPS Detail)
D Other Funding(ROPS Detail) 20t)Wo
E Enforceable Obligations Funded with RPTTF Funding(F+G) $ 71226,105
F Nan-Administrative Costs(ROPS Detail) 6,975 105
G Adm nistrative Costs(ROPS Detail) 250 000
H Total Current Period Enforceable Obligations(A+E) $ 7,425,105
Successor Agency Self-Reported Prior Period Ad ustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF(E) 7,225,105
J Less Pear Period Adjustment(Report of Prior Period Adjustments Column S)
K Adjusted Current Period RPTTF Requested Funding(W) $ 7,187,324
Count Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF(E) 7,725,105
M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AA)
N Adjusted Current Period RPTTF Requested Funding(L-M) 7,225,105
Certification of Oversight Board Chairman
Pursuant to Section 34177(m)of the Health and Safety code I
hereby certify that the above is a true and accurate Recognized Name Title
Obligation Payment Schedule for the above named agency
rsr
Signature Date
Huntington Beach Recognized Obligation Payment Schedule(ROPE 15-1613)-ROPS Detail
January 1,2016 through June 30,2DIG
(Report Arnmints in Whole Dollars),
C D E F K L "I N o P
Fuadirg Sou Ce
N-Redevelopment P,.p,ty 7..Trust Fund I
(Non RrITTF) RI'M F
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$ 68,276,9 28 $ 250.000 $ 7,425,105
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`inn Os 11 2,.1VM Co
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Huntington Beacil Rerognizs-d Obligation Payment Schedule(RODS'15-1613)-ROP'S Detail
January 1.2016 thimuc]h we 313,2016
(Resort Amounts In Whole Dollar.5}
JA — B c D E F e H J J K. L M N ❑ P
N,1n Flffi-L•lonr-on!Rope-ly"a<Trust FundNon-RPTTFI RPTTF
✓1
T t I tv.. it
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0-i participatlan Agroement. -
> ,- epprmted an Dapper 19,2gOB..Of
,xe --
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SS6 Yerydew Mwms housing Infa
daueloped by the liouedng AuttJarRir :' r.,. n .i,yS .i- ;
- - The Peyaleper Is tvgWmrJ to provide. -
_
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i+g,ecmen'.+Ron'Differential an C—P.", Dlffera,-al All....ne^1t appr led an
Agreement M:r'y 20,1951 far 1h,,develepm=_nt of
the three story building at 1hp.
Ore ._xv F•o,,_.-. "I h«lhnd
nrp!e�:rnntaRnn 11m,n<dmeni took
c11-1 on November 21 1994 _ __
23 Urfinded CalP L FRS P.l';:C:r: rhnlat•I ., r�,012a11 l i 25r7CJF• r;edF ERS.ial,ill - -� e
I rn lu d �IPERS p obligation r.+:•gr.rl ---2,59i,641 F+ 125,198 3 125.15Ti
I ianil:l•:..
as I ERS a R er.rl
R
of3«e vfl 112 _
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I anilft-
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G ereral Lerue r.•;;i 1,d:and v-I-d involved in Housing and Genera:Le—earned an.—red ar:
RerJeael,,W,,,nl p,a;ncL; per L+.O U.and AT31 x76
and adrr: ra l:nri r
19 Sette Tarry parFJTry Intreahvmaa DP/4DDRVCnrrohaJcH 10l3l7fi00 gV30r2025 Bel Tama Aaapdspes LLG Property Tex sherirvp Agreement Merged M - 5
PrepRtty Tax 9hulr¢y Agraemant an _ required under The lerme of the chmer +i yp .Y .d -" `.i1
- - Parbcip rklm Agreeerent(datedMoak -
IUM200M and SawedT, N _-
_ - Implatnentillon AAgrreamml(dated I �„ ..
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HuMMgton Center(Baia T•ene).
Iridudes legal raqulramenta to enforce
30 Brlla T ra.Phase rl Property lax. 7PA1DDA'Cnr11 u 1,5GAQ1.17 7MQ085 HAI err r 4.II..s,LLC i11y Mr-d nppra-d on Octcoe,4, Merged 16,52I.W IN F` 1.129.511 Y£ $ 1,124,511
wring A,ie,,`°t 2010 for ronetructicn of a 451 n,lxr0.
t..nq prabet.C—tr-ton is
--mpintn.and financed by property tau
al!ooa+:i,pns.lndudes leg;e1
it npciak'u rtgr ee men foz t. :W'Cnunh{'_gone 5.17001]2 1u:7 r203Q City of Hur.I:.i.,l„i d:.,yr,h loan spay r.t t h w ter„,mad.or, Soullre ast Coastal N
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and Safety Cede Seclign
34171'dl(1)f,F
Huntington Beach Recugnized Obligation Payment Schedule 1,R.C)PS 15-10,13)-ROPS Detsi4
January 1,2016 though.June 30,2016
(Report Amounts in Whole Dollars)
A R C ❑ I E F G hl 1 [ K L to N (Y p
_ Fundrq_Sou I ce
tJnr-Rede•ve:.nfrrnenr Pope-ty Tax Trust Find
(Nan-RPTTF) ilFl"T,-
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'1.Lcn..rcm c-An It d;se vices relates Pctes.:c tam 9t15r7C'0 al 0015 - -An y 0h.g g�d&Scru'east 50,CDC N - Sn,pLO $ EG,900
An-Cy ry, , rr, h,, A"-V C..—!al
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r u'; 1 In Heal4 en 1 .,r,y Cote 14n4
on 34'717d r'1rF1
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6f27il 1' Hoover Exkenalon project and t
N r �•
. development of a publlestcrags - a t' t t r]k � I - sI�
lr I ':f T'r x r• 1 �se1_ � •fra11.a?y
42 Main-Plar Re eter meat Pi4jod CRy7Caunty l.aurrur WI=05 700*00 _-_Socceseor Aymgt 1:Caw lnmwwd toacqulre,land VAM rAerypad -
Phar+all Ufcor Befatt, - _ to MWwPlu prey wee rod Ph eee 11 •rW n f •t 4+t�ee �� $
tif2y11 - Lave rd oeda
43 lhvalaptmer+r al DmrnroNat Maki;: CRy✓�rwrdy Lvena 61S11990 - 77. i W7J2'0.78. - _ Successor AQe uY. Costs Incurred to acquire llmd vdlrsln Merged -:: I !I,N 1.,r 5-. 4
PlvproJodarao: Qn or before.' the-MWWPler project area to - 1 - f i / `.ri ► ;,p,6� r-
6127111 - - ImplamsM the eensriUctiM of parking
. _ ..�fadgges within the Dcn nitawn Main-. �' ,PL3�Y 'r� .• rr ^�1t'p" i 1
_- - Plsr area
M Ttdnl HfodcllNaat C"lCounty Loam Wi W2006 10t120170 - SuccessorAgeny Relocston,property mcquicltleu and Mwgad- �N 7 "`I'. t+ °•yam" ��'r' ,: t —
commardogreolderrdal purled Cn Of Before other project coats associated with the''
6V27r19 Third Block YWect `
Condondnium'RotalUOfll project In 1 -t''K�..:-_ �. -•W Is• N-�y`ER�•.
t1e Main-Mar Radevalcpotent prolad - _';,'Y t• J• ';=
45.Sewnd Blook Agey and Sheet Banda Issued on or 601.012005 1 WI12030 Succaseor Agency Property acgulaidon oust m000dsud Meged N $
-. -
Improvemant Project Before 12131110 Wdi the Second Block alley and street
im rewemant ro act - '7,R
48 strand Project --_ - CItyCounty Lome 571a12006 1WI2030 Suocesaar Agency Relocsilaro mats paid m Ward and PAerged - N ;:,.:Y A':: S -l
On or Before _Sea Surf She
47 Plarclde Natay'ReuttParking CitylCounty Loans. 5fi5ft992 1ollao3o 3uscamor Agency Relocation costs aid to Ter m Merged N -
_ Simehrre Pm act On or Before Coffee Sh2p end Fist Intestate Bank
48.Waterfront Commercial Master S7Ya CuyfCounty Loans 3111k989 10f12030 Successor Agency Casts related Ca the rerocanon, Merged -N i:' r t
Plan On or Berne buyout end demolitf-of[klfnvoad
GR7111 end Pacluo MobOe Nome Perlis
- related to the,Waterfront Commercial
Maatar at.Plan
49 Strand Project CltylCaunly Gomm 109l1B92 1 W 1203tl I Suooeseor Agency Property acgaleluon cowta aaaoclated MergedOn or Berme _ With the strand Praleat
IQ E i [ 1 ,.c Agenc} Adn Cop'n ts Cr`i" Q I Iipwn74 Suc Aa .y K u 9d' y nisi rah- r el,qed&S-11— - N 200,CDO 79a ,C0W,non $ 450
'u1 rP_ rce r and Ball r K y •t7 t r Llir r7r t fr onsrl a
n'm r.qIse AB'1426 a-n and Nl & p y ..r hl b:n.T I
,nn 04 1)Conn 111-.P etal nd t era.:albs as regr red by AR
SI .iT s a y P nperib' nr c.n} ii111 310 1I '2KOW4 S&S F q al l n re+ q ei:.re S:rcoe '.:r.r,Ied 3.SCti r: 't.51>of— g 3,500
Marta a ce rFencing I I..r". c.rs Cc.A r nn.cnce f•rupc:rty
_ Coln,r.«•r{
E2.s.c ...n A,grrtr.W FY eprrty Property — —"1111:2010 t 112612024 11.A;r Mercjn.C1 4,000 N 4,000 :Y 4p0n
M-drone-weed carltrul ".f ain[enence
53 Emend Cava 2010 Series A Lease Benda Issued On w 5I30R010 TTUD21 LIS Bank - - Emerald Cove 20tD Series A Lease Merge N � � *r;Qc� $
Revenue Rafmcing Banda:. Befwa 12131110 Ravenua Refunding Beach Debt
-�• �''__
Si Pacific Clry-Uery'_ox manure []PA7I]r].RrCenstr r,rl lu.l 6r2 Gri n 11 2✓-ii2n24 I-lau nn Autn grly slat trly ltus:n!1 oh 3a[u..t!I F'--r:Meted N - $ -
un C1, .16-1.
57 Belle Toms l Proleat Management Project Management 2ll24Y12 IM25121Q,l Gty of liunungfon Bead) ProJeot maneganTanl drxa:t ooar for �Mergad -, N..•: ticL` i41 "k,r .r g
cosu ovarsaeN Bella Tens 1 1 :r. ;" ' r�
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58 He11a Terre II Pro euiF.lena ameM Pro eci,Mesaegamcm 211 ovareealnfl Bella Terra2 -`''` "'•`u - 'r
VHuntington 83 ach Recognized Obligation Payment Schedule{RODS 15-1613y-ROPS Detai=
January t,2H16 ihrougr Jr.1ne 34.2016
(Report Amounts in W-Iole Dollars)
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Huntington Beach Recognized Obligation Payment Schedule(BOPS 15-1GB)-Report of Cash Balances
(Report Amounts in Whole Dollars)
Pursuant to Health and Safely Code section 34177(1),Redevelopment Property Tax Trust Fund(RPTTF)may be lasted as a source of payment on the ROPE but only to the extent no other funding source is evadable or when payment from
PMM tax revenues is required by an enforcealeobiqlation For tops an how to complete the R ort of Cash Balances Form,see INSERT URL LINK TO CASH BALANCE TIPS SHEET
A B C D E F G H I
Fund Sources
Bond Proceeds Reserve Balance Other RPTTF
Prior BOPS Prior ROPS
period balances RPTTF
Bonds Issued on and DDR RPTTF distributed as Rent Non-Adman
or before Bonds Issued on balances reserve for future Grants, and
Cash Balance Information hy ROPE Period 12131110 or after 011010 1 retained periods Interest Etc Adman Comments
ROPE 14-168 Actuals 01/01115-08/30115
1 Beginning Available Cash Balance(Actual 01101116)
5.510,671 411,579 1 264 914
2 RevenueAncome(Actuai 06130115)
RPTTF amounts should tie to the ROPE 14-15B distnbuliol from the
County Auditor-Controller during January 2015
669,849 2624,879
3 Expenditures for BOPS 14-16B Enforceable Obligations(Actual
00/30115)
RPTTF amounts H3 plus H4 should equal total reported atlas!
expenditures in the Report of PPA,Columns L and O 3,7695831 98,6521 1,379,343 2,507,298
d Retention of Available Cash Balance(Actual 06=15)
RPTTF amount retained should only include the amounts distributed as
reserve for future penod(s)
5 FOPS 14-158 RPTTF Poor Period Adjustment
RPTTF amount should tie to the self-reported ROPE 14-1513 PPA in the
No entry required
Report of PPA Column 5
37,581
e 1 Ending Actual Available Cash Balance
CtoG=(1+2.3.4),14s(1+2-3-4-6) $ $ $ 1741088 312927 546420
ROPE 15.16A Estimate(07/01/16.12131115
7 Beginning Available Cash Balance(Actual 07f41it 51
(C,D,E,G-4+6,F-H4+F4+F5,and H=5+6) $ $ $ 1,741,088 312,927 3 646.420 $ 37 581
8 Revenuallncome(Estimate 12131116)
RPTTF amounts should be to the ROPS 14.15B distribution from the
County Auddor-Contmller dune June 2016 30,000 4,068 883
9 Expenditures for RODS 14.158 Enforceable Obligations(Estimate
12J31115) 1740,130 312,927 375.000 4105,063
10 Retention of Aveilable Cash Balance(Estimate 12131115)
RPTTF amount retained should only include the amounts distributed as
reserve for future penod(s)
11 Ending£striated Available Cash Balance(7+8-9 40) $ $ . $ on $ - $ 20e 420 1 $ 1,401
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Huntington Beach Recognized Obligation Payment Schedule(ROPS 15-1613)-{Votes
Januaa 1,2016 through June 30,2016
Item# Notes/Comments
30 Inclines remamm debt service due and-not paid for fiscal g pa year 2014-15 rn the amaunl ot;48,323 -�-
Iles. No. 2015-06
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
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 Redevelopment Agency at a meeting held on September 28,2015 and that it was so
adopted by the following vote-
AYES: Board Members Delgado, L Dunn, Fritzal, Hardy
NOES: Board Members None
ABSENT: Board Members Bone, A Dunn, Katapodis
ABSTAIN: Board Members None
wit"AkardEaRNPW
Secret of the untmgt each Oversight
Board of the Successor Agency of the Former
City of Huntington Beach Redevelopment
Agency, Huntington Beach, California
Oversight Board
RESOLUTION NO 2015- 07
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 JANUARY 1, 2016
THOUGH JUNE 30, 2016
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 January 1, 2016 through June 30,
2016 ("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 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.
15-4894/125917 1
Oversight Board Reso . 2015-07
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
28th day of September , 2015 .
Ch
REVIEW D AN APPROVED:
AIJ
Ar,
Exe iv Di ector
APPROVED AS TO FORM:
enc Counsel Ipp
15-4894/125917 2
Oversight Board Reso. 2015-07
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JANUARY 1, 2016 THROUGH JUNE 30, 2016
[behind this page]
15-4894/125917 3
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
���'„�X."�,s 2-" ''>�'� � V. ,y�;_ -.�}fi�r< <�;'§-�'�. z„';e"s�S"��.�'- �--«"n's r;,,-a5��„•c�Y�_;ac,�Ua;t�`nti�a'}.•n - _ >x�-_-_-."�"�.: `,.�,`-= „,�y"} x:,4_ -ri'µ"�" - �,zr-.. c�r ��"'��' ,
z;"v�'.,:`' ect ccounf` A - ':ix"':"• �• _ •q
Ex eriditure Ob` 'A ` = ROPS 15-1644tu+d et`5
RORF Administration(350)
PERSONAL SERVICES
Salaries/Benefits-Permanent 210,000
PERSONAL SERVICESf,r">:';n �210,000
OPERATING EXPENSES
Legal Services 75,000
Other Professional Services/Operating 165,000
OPERATING EXPENSES = v__ 240,000
Total 450,000
--
Revenue�Summa� _ -- - - - ROPS 15-16A Bud et-_'
Administrative Allowance 250,000
Other Funds 200,000
Total 450,000
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 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
Res. No. 2015-07
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
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 Redevelopment Agency at a meeting held on September 28,2015 and that it was so
adopted by the following vote.
AYES: Board Members Delgado, L Dunn, Fntzal, Hardy
NOES: Board Members None
ABSENT: Board Members Bone, A Dunn, Katapodis
ABSTAIN: Board Members None
43A04AA 10,
Secret of the HiTnting-todWeach Oversight
Board of the Successor Agency of the Former
City of Huntington Beach Redevelopment
Agency, Huntington Beach, California