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HomeMy WebLinkAboutSA Res SA16-01 2016-02-08RESOLUTION NUMBER SA16 -1 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY APPROVING PROPOSED ADMINISTRATIVE BUDGETS FOR THE SIX -MONTH FISCAL PERIODS FROM JULY 1, 2016 THROUGH DECEMBER 31, 2016 AND FROM JANUARY 1, 2017 THROUGH JUNE 30, 2017, AND TAKING RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code Section 341770), the Successor Agency to the 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 of the Successor Agency (the "Oversight Board ") for approval; and B. Each proposed administrative budget shall include all of the following: (1) estimated amounts for Successor Agency administrative costs for the upcoming six -month fiscal period; (2) proposed sources of payment for the costs indentified in (1); and (3) proposals for arrangements for administrative and operations services provided by the City of Seal Beach or another entity; and C. Pursuant to Health and Safety Code Section 34177(k), the Successor Agency is required to provide administrative cost estimates, from its approved administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the County Auditor- ' Controller for each six -month fiscal period; and D. There has been presented to this Board for approval, the Successor Agency's proposed administrative budgets for the six -month fiscal periods from July 1, 2016 through December 31, 2016 ( "Administrative Budget 16 -17A ") and from January 1, 2017 through June 30, 2017 ( "Administrative Budget 16 -17B," together with Administrative Budget 16 -17A, the "Administrative Budgets "); NOW, THEREFORE, THE BOARD OF DIRECTORS 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. Administrative Budget 16 -17A, substantially in the form attached hereto as Exhibit A, is hereby approved. Section 3. Administrative Budget 16 -17B, substantially in the form attached hereto as Exhibit B, is hereby approved. ' Section 4. The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify the Administrative Budgets as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 5. The officers and other staff members 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 and the Administrative Budgets and any such actions previously taken are hereby ratified and confirmed. Resolution Number SA16 -2 PASSED, APPROVED and ADOPTED by the Successor Agency to the Seal Beach Redevelopment Agency at a regular meeting held on the 8th day of February, 2016 by the following vote: AYES: Board Members Deaton, Sloan, Miller, Massa - Lavitt, Varipapa NOES: Board Members ABSENT: Board Members ABSTAIN: Board Members ATTEST: Robin L. Roberts,City Clerk /Secretary i 5xk4iNu - )-*� andra Massa - Lavitt, Mayor /Chair Resolution Number SA16 -1 EXHIBIT A SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET 16 -17A (July 1, 2016 through December 31, 2016) Fiscal Period July 1 - December 31, 2016 CATEGORYI Exhibit A ' SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY Agreement for Advance and Reimbursement of Administrative, Overhead ADMINISTRATIVE BUDGET Fiscal Period July 1 - December 31, 2016 CATEGORYI The items listed below include amounts to be reimbursed by the Successor Agency to the City of Seal Beach, pursuant to a Cooperative Agreement for Advance and Reimbursement of Administrative, Overhead and other Expenses ( "Cooperative Agreement "), by and between the City and the Successor Agency, in the form approved by the Successor Agency Board pursuant to Resolution No. SA 12 -10, adopted on April 9, 2012. Pursuant to the Cooperative Agreement, the Successor Agency reimburses the City for all costs advanced by the City for the administration and operation of the Successor Agency, including but not limited to value of staff, consultants and legal counsel, office space, equipment, supplies, insurance and other services and facilities. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staffing for the Successor Agency City Manager 861 Administrative Allowance City Clerk 496 Administrative Allowance Accountant 320 Administrative Allowance Accounting Technician - Accounts Payable 426 Administrative Allowance Accounting Technician - Payroll 213 Administrative Allowance Finance Manager 1,324 Administrative Allowance Director of Finance 2,047 Administrative Allowance Staffing for the Oversight Board City Manager 431 Administrative Allowance City Clerk 83 Administrative Allowance Finance Manager 147 Administrative Allowance Director of Finance 409 Administrative Allowance Overhead Cost Services/Facilities 644 Administrative Allowance TOTAL 7,400 Exhibit A iSUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period July 1 - December 31, 2016 CATEGORY II Health & Safety Code Section 34177 (k) states: "Provide administrative cast estimates, from its approved administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the county auditor - controller for each six -month fiscal period." Listed below are the administrative cost items that the Successor Agency anticipates to payfrom property tax revenues deposited in the Redevelopment Property Tax Trust Fund. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. Pursuant to Health and Safely Code Section 34177(d)(1)(F), contracts necessary for the administration and operation of the Successor Agency are enforceable obligations. Accordingly, amounts to be paid by the Successor Agency to third partyvendors forequipment and supplies necessary for the administration of the Successor Agency and auditors, legal counsel and other consultants for services to the Successor Agency are listed as payments for enforceable obligations on the Recognized Obligation Payment Schedules. The Successor Agency anticipates to pay such costs from property tax revenues deposited in the Redevelopment Property Tax Trust Fund. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Legal counsel 50,000 Administrative Allowance Trustee Fees 1,823 Administrative Allowance Arbitrage Analysis - Administrative Allowance - Administrative Allowance TOTAL 51,823 r� CATEGORY III Costs allocable to particular projects are considered part of the project costs. Listed below are administrative costs that are allocable to projects and not included inthe tables above. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staff - RPTTF Legal counsel - RPTTF Contract Expenses - RPTTF TOTAL 1 Resolution Number SA16 -1 EXHIBIT B SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET 16 -17B (January 1, 2017 through June 30, 2017) Exhibit B SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period January 1 -June 30, 2017 CATEGORYI The items listed below include amounts to be reimbursed by the Successor Agency to the City of Seat Beach, pursuant to a Cooperative Agreement for Advance and Reimbursement of Administrative, Overhead and other Expenses ( "Cooperative Agreement"), by and between the City and the Successor Agency, in the forma pin roved by the Successor Agency Board pursuant to Resolution No. SA 12 -10, adopted on Apri19, 2012. Pursuant to the Cooperative Agreement, the Successor Agency reimburses the City for all costs advanced by the City for the administration and operation of the Successor Agency, including but not limited to value of staff, consultants and legal counsel, office space, equipment, supplies, insurance and other services and facilities. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staffing for the Successor Agency City Manager 861 Administrative Allowance City Clerk 496 Administrative Allowance Accountant 320 Administrative Allowance Accounting Technician - Accounts Payable 426 Administrative Allowance Accounting Technician - Payroll 213 Administrative Allowance Finance Manager 1,324 Administrative Allowance Director of Finance 2,047 Administrative Allowance Staffing for the Oversight Board City Manager 431 Administrative Allowance City Clerk 83 Administrative Allowance Finance Manager 147 Administrative Allowance Director of Finance 409 Administrative Allowance Overhead Cost Servicars/Facilities 644 Administrative Allowance TOTAL 7,400 Exhibit B ' SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period January 1 -June 30, 2017 CATEGORY II Health & Safety Code Section 34177 (k) states: "Provide administrative cost estimates, from its approved administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the county auditor - controller for each six -month fiscal period." Listed below are the administrative cost items that the Successor Agency anticipates to pay from property tax revenues deposited in the Redevelopment Property Tax Trust Fund. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. Pursuant to Health and Safely Cade Section 34177(d)(1)(F), contracts necessary for the administration and operation of the Successor Agency are enforceable obligations. Accordingly, amounts to be paid by the Successor Agency to third party vendors for equipment and supplies necessary for the administration of the Successor Agency and auditors, legal counsel and other consultants for services to the Successor Agency are listed as payments for enforceable obligations on the Recognized Obligation Payment Schedules. The Successor Agency anticipates to pay such costs from property tax revenues deposited in the Redevelopment Property Tax Trust Fund. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Legal counsel 50,000 Administrative Allowance Trustee Fees 4,073 Administrative Allowance Arbitrage Analysis - Administrative Allowance - Administrative Allowance TOTAL 54,073 CATEGORY III Costs allocable to particular projects are considered part of the project costs. Listed below are administrative costs that are allocable to projects and not included in the tables above. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Stall - RPTTF Legal counsel - RPTTF Contract Expenses - RPTTF TOTAL Resolution Number SA16 -1 STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Robin Roberts, 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 SA16 -1 on file in the office of the City Clerk of the City of Seal Beach, passed, approved, and adopted by the ' Successor Agency to the Seal Beach Redevelopment Agency at a regular meeting held on the 8th day of February, 2016. 1G S%� I Il l