HomeMy WebLinkAboutOB Res 15-01 2015-02-26 RESOLUTION NUMBER OB15-01
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS
FOR THE SUCCESSOR AGENCY TO THE CITY OF SEAL
BEACH REDEVELOPMENT AGENCY APPROVING A
PROPOSED'ADMINISTRATIVE BUDGET FOR THE SIX-MONTH
FISCAL PERIOD FROM JULY 'I THROUGH
DECEMBER 31, 2015 AND TAKING CERTAIN RELATED
ACTIONS
RECITALS:
A. Pursuant to Health and Safety Code Section 341770), the Successor
Agency to the City of Seal Beach Redevelopment Agency (the "Successor Agency")
must prepare a proposed administrative budget for each six-month fiscal period
(commencing each January 1 and July 1) and submit each proposed administrative
budget to the Oversight Board for the Successor Agency (the "Oversight Board") for
approval.
B. There has been presented to this Board for approval a proposed
administrative budget for the Successor Agency for the six-month fiscal period from July
1, 2015 through December 31, 2015 (Administrative Budget 15-16A).
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO
THE CITY OF 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 Oversight Board hereby approves the proposed Administrative
Budget 15-16A substantially in the form attached hereto as Exhibit A.
Section 3. The staff of the Successor Agency is hereby directed to provide the State
Department of Finance ("DOF") written notice and information regarding the action taken
by the Oversight Board in Section 2 of this Resolution. Such notice and information shall
be provided by electronic means and in a manner of DOF's choosing.
Section 4. The officers of the Oversight Board and staff of the Successor Agency are
hereby authorized and directed, jointly and severally, to do any and all things which they
may deem necessary or advisable to effectuate this Resolution.
PASSED, APPROVED AND ADOPTED by the Oversight Board at a meeting held on the
26th day of February, 2015.
AYES: Board Members: } '��
NOES: Board Members: Din �
ABSENT: Board Members: 01��
ABSTAIN: Board Members:
Acting ha' , Over ig t oard
ATTEST:
Secretary, Oversight Board
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH }
I, Tina Knapp, Secretary to the Oversight Board, hereby certify that the foregoing
resolution was duly adopted at a meeting of the Oversight Board, held on the 26th day of
February, 2015.
Secretary, Oversight Board