HomeMy WebLinkAboutSuccessor Agency - 2025-03 RESOLUTION NO. 2025-03
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, 2026 THROUGH JUNE 30, 2027
WHEREAS, California Health and Safety Code section 34177(j) 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, 2026 through June 30, 2027
("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 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.
25-17465/398545 1
RESOLUTION NO. 2025-03
PASSED AND ADOPTED bythe Successor Agency to the Redevelopment Agency of
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the City of Huntington Beach at a regular meeting thereof held on the day of December,
2025.
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Chairperson
REVIEWED AND APPROVED:
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Executive Director
APPROVED AS TO FORM:
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General Legal Counsel
25-17465/398545 2
RESOLUTION NO. 2025-03
EXHIBIT A
1 ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2026 THROUGH JUNE 30, 2027
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25-17465/398545 3
12/8/25,12:39 PM RAD
Reso No. 2025-03
Exhibit "A"
Huntington Beach
ROPS 2026-27 Annual
Summary_ Detail Cash Balances Submission
Requested Funding for Obligations 26-27A Total 26-27B Total ROPS Total
i A Obligations Funded as Follows(B+C+D) 0 0 0
B Bond Proceeds 0 0 0
C Reserve Balance 0 0 0
D Other Funds 0 0 0
E Redevelopment Property Tax Trust Fund 6,188,664 6,898,050 13,086,714
(RPTTF)(F+G)
F RPTTF 6,113,664 6,823,050 12,936,714
G Administrative RPTTF 75,000 75,000 150,000
H Current Period Obligations(A+E) 6,188,664 6,898,050 13,086,714
https://rad.dof.ca.gov/rops/annual/summary 1/1
Successor Agency
Res. No. 2025-03
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, LISA LANE BARNES 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 regular meeting held on December 16, 2025 and that is was so
adopted by the following vote:
AYES: Board Members: Gruel, Kennedy, McKeon, Burns, Van Der Mark,
Williams
NOES: Board Members: None
ABSENT: Board Members: Twining
ABSTAIN: Board Members: None
j. 100
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California