HomeMy WebLinkAboutSA Res SA12-13 2012-09-10 RESOLUTION NUMBER SA12-13
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE SEAL
BEACH REDEVELOPMENT AGENCY APPROVING AN
AGREEMENT FOR DUE DILIGENCE AUDITING SERVICES
WITH LANCE, SOLL & LUNGHARD, LLC
RECITALS:
A. On June 27, 2012, the Governor signed State budget trailer bill AB
1484, which became effective immediately. AB 1484 impacts many aspects of
AB X1 26.
B. Health and Safety Code Section 34179.6 provides,
"By October 1, 2012, each successor agency shall provide to the
oversight board, the county auditor-controller, the Controller, and
the Department of Finance the results of the review conducted
pursuant to Section 34179.5 for the Low and Moderate Income
Housing Fund and specifically the amount of cash and cash
equivalents determined to be available for allocation to taxing
entities. By December 15, 2012, each successor agency shall
provide to the oversight board, the county auditor-controller, the
Controller, and the department the results of the review conducted
pursuant to Section 34179.5 for all of the other fund and account
balances and specifically the amount of cash and cash equivalents
determined to be available for allocation to taxing entities."
C. Pursuant to Health and Safety Code Section 34171(d)(1)(F),
contracts or agreements necessary for the administration or operation of the
Successor Agency are enforceable obligations.
NOW, THEREFORE, THE BOARD OF THE SUCCESSOR AGENCY TO THE
SEAL BEACH REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES,
RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part
of this Resolution.
Section 2. The Board hereby approves that certain agreement dated
September 10, 2012 by and between the Successor Agency and Lance, Soll &
Lunghard, LLC for auditing services (not-to-exceed $25,000) in connection with
the due diligence review required by AB 1484.
Section 3. The officers and staff of the Successor Agency are hereby
authorized and directed, jointly and severally, to do any and all things which they
deem necessary or advisable to effectuate this Resolution, and any such actions
previously taken by such officers and staff are hereby ratified and confirmed.
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Resolution Number SA12-13
PASSED, APPROVED, and ADOPTED by the Successor Agency to the Seal
Beach Redevelopment Agency at a regular meeting held on the 10th day of
September , 2012 by the following vote: �}/ )
AYES: Board Members 4Ja3O 1�l !� cJ A �
NOES: Board Members 1171.6kIi
ABSENT: Board Members 7L
ABSTAIN: Board Members
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STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, Secretary of the Successor Agency to the Seal Beach
Redevelopment Agency, do hereby certify that the foregoing resolution is the
original copy of Resolution Number SA12-13 on file in the office of the Seal
Beach City Clerk, passed, approved, and adopted by the Successor Agency to
the Seal Beach Redevelopment Agency at a regular meeting held on the 10th
day of September , 2012.
e- retary