HomeMy WebLinkAboutOB Res 15-03 2015-09-23 RESOLUTION NUMBER OB1 5-03
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 JANUARY I THROUGH JUNE 30, 2016
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
January 1, 2016 through June 30, 2016 (Administrative Budget 15-16B).
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 15-16B substantially in the form attached hereto as Exhibit A.
Section 3. The staff of the Successor Agency is hereby directed to provide the State
I
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
23rd day of September, 2015.
AYES: Board Members: V, A k I �A I\A-c ^,
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NOES: Board Members: 1'4 �
ABSENT: Board Members: 0 V-9-
ABSTAIN: Board Members: 0 VL2J
Acting y' ' 0 v e r S_1
ATTEST: _9
Secretary, Oversight Boardt I"
STATE OF CALIFORNIA
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH
1, 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 23'd day of
September, 2015.
T_
Secretary, Oversight Boarb