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HomeMy WebLinkAboutOB Agenda PacketAGENDA SPECIAL MEETING OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY FOR THE SEAL BEACH REDEVELOPMENT AGENCY Tuesday - January 23, 2018 - 5:00 p.m. City Hall Conference Room 211 Eighth Street Seal Beach, California BOARD MEMBERS: City of Seal Beach Jill R. Ingram Alayna Hoang OC Board of Supervisors OC Department of Education CA Community College District Special District Ellery Deaton Sandra Massa-Lavitt Nancy Nien Daniela Thompson Jon Regnier Next Oversight Board Resolution: Number OB18-03 This Agenda contains a brief general description of each item to be considered. No action or discussion shall be taken on any item not appearing on the agenda, except as otherwise provided by law. Supporting documents, including agenda staff reports, and any public writings distributed by the City to at least a majority of the Oversight Board Members regarding any item on this agenda, are available for review at City Hall in the City Clerk's Office located at 211 Eighth Street, Seal Beach, California, Monday through Friday, between the hours of 8:00 a.m. and 5:00 p.m. or contact the City Clerk, at 2 (562) 431-2527. IA In compliance with the Americans with Disabilities Act of 1990, if you require a disability - related modification or accommodation to attend or participate in this meeting, including auxiliary aids or services, please call the City Clerk's office at 2 (562) 431-2527 at least 48 hours prior to the meeting. CALL TO ORDER PLEDGE OF ALLEGIANCE BOARD ROLL CALL ORAL COMMUNICATIONS At this time members of the public may address the Oversight Board regarding any items on this agenda. Pursuant to the Brown Act, the Board cannot discuss or take action on any items not on the agenda unless authorized by law. Those members of the public wishing to speak are asked to come forward and state their name for the record. All speakers will be limited to a period of 3 minutes. BUSINESS MATTERS Minutes of the Oversight Board Meeting of June 28, 2017 — Approve by minute order. 2. Successor Agency's withdrawal of Membership from Seal Beach Public Financing Authority and Execution and Delivery of Related Amendment to Joint Exercise of Powers Agreement — Adopt Resolution No. OB18-01 to approve the withdrawal of the Successor Agency's membership from the PFA and the execution and delivery of the related amendment to the Joint Exercise of Powers Agreement. 3. Administrative Budgets for the Six -Month Fiscal Periods from July 1, 2018 through December 31, 2018 and from January 1, 2019 through June 30, 2019 — Adopt Resolution No. OB18-02 approving Successor Agency's Administrative Budgets for the six-month periods from July 1, 2018 through December 31, 2018 ("Administrative Budget 18-19A") and from January 1, 2019 through June 30, 2019 ("Administrative Budget 18-19B"). ADJOURNMENT Meetings will be scheduled as needed. Oversight Board Agenda January 23, 2017 Page 2 OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY AGENDA STAFF REPORT DATE: January 23, 2018 TO: Oversight Board Members FROM: Robin Roberts, Board Secretary SUBJECT: MINUTES OF THE OVERSIGHT BOARD SUMMARY OF REQUEST: Approve the minutes for the Oversight Board special meeting of June 28, 2017. BACKGROUND AND ANALYSIS: This section does not apply to this item. FISCAL IMPACT: This section does not apply to this item. RECOMMENDATION Approve the minutes for the Oversight Board special meeting of June 28, 2017. Attachments: Minutes Agenda Item 1 Seal Beach, California June 28, 2017 The Oversight Board for the Successor Agency to the Seal Beach Redevelopment Agency met for the special at 5:00 p.m. in the City Hall Conference room with Vice Chair Massa-Lavitt calling the meeting to order and leading the Salute to the Flag. ROLL CALL Present: Board Members: Patricia Meyer, OC Department of Education Jill R. Ingram, City of Seal Beach Alayna Hoang, City of Seal Beach Sandra Massa-Lavitt, OC Board of Supervisors Jon Regnier, Special District (Arrived at 5:20 p.m.) Absent: Board Members: Ellery Deaton, OC Board of Supervisors Daniela Thompson, CA Community College District Successor Agency Staff: Victoria L. Beatley, Director of Finance Robin L. Roberts, Agency Secretary ORAL COMMUNICATIONS Vice Chair Massa-Lavitt opened oral communications. Streakers: None. There being no speakers present, Vice Chair Massa-Lavitt closed oral communications. Minutes of the Oversight Board Meeting of January 30, 2017 — Approve by minute order. Massa-L.avitt moved, second by Regnier, to approve the minutes of the Oversight Board meeting of January 30, 2017. AYES: Ingram, Hoang, Massa-Lavitt, Regnier ABSENT: Deaton, Thompson ABSTAIN: Meyer NOES: None Motion carried 2. Successor Agency's withdrawal of Membership from Seal Beach Public Financing Authority and Execution and Delivery of Related Amendment to Joint Exercise of Powers Agreement — Adopt Resolution No. OB17-03 to approve the withdrawal of the Successor Agency's membership from the PFA and the execution and delivery of the related amendment to the Joint Exercise of Powers Agreement. Oversight Board for the Successor Agency Meeting Minutes — June 28, 2017 Page 1 Massa-Lavitt moved, second by Regnier, to Resolution No. OB17-03 to approve the withdrawal of the Successor Agency's membership from the PFA and the execution and delivery of the related amendment to the Joint Exercise of Powers Agreement. AYES: Ingram, Hoang, Massa-Lavitt, Regnier ABSENT: Deaton, Thompson ABSTAIN: Meyer NOES: None Motion carried ADJOURNMENT With no objections, Chair Meyer adjourned the meeting at 5:20 p.m. Vice Chair, Oversight Board Date Approved Attested: Board Secretary Oversight Board for the Successor Agency Meeting Minutes —January 30, 2016 Page 2 OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY AGENDA STAFF REPORT DATE: January 23, 2018 TO: Oversight Board Members FROM: Victoria L. Beatley, Staff Member SUBJECT: RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR JULY 1, 2018 THROUGH JUNE 30, 2019 SUMMARY OF REQUEST: Staff recommends that the Oversight Board for the Successor Agency to the Seal Beach Redevelopment Agency (the "Oversight Board") adopt Resolution No. OB 18-01 approving the Recognized Obligation Payment Schedule for the annual period from July 1, 2018 through June 30, 2019 ("ROPS 18-19"). BACKGROUND AND ANALYSIS: Pursuant to Section 34177 of the Health and Safety Code ("HSC"), in order to make payments on enforceable obligations, the Successor Agency must prepare a Recognized Obligation Payment Schedule ("ROPS") for specified fiscal periods. Previously, each ROPS covered a six-month period (commencing January 1 and July 1, respectively). SB 107, which was enacted in September 2015, amended HSC Section 34177, to provide that, beginning with fiscal year 2016-17, the Successor Agency must prepare a ROPS annually (instead of twice a year). All ROPS must be approved by the Oversight Board. Furthermore, each Oversight Board -approved ROPS must be submitted to the DOF for review. HSC Section 34177 also requires the Successor Agency to submit an Oversight Board -approved ROPS to the DOF and to the County Auditor -Controller no later than February 1, 2018. A copy of the Oversight Board -approved ROPS must be posted on the Successor Agency's website. The DOF may eliminate or modify any item on the ROPS before approving the ROPS. The DOF must make its determination regarding the enforceable obligations and the amount and funding source for each enforceable obligation listed on ROPS 18-19 no later than April 15, 2018. Within five business days of the DOF's determination, the Successor Agency may request to "meet and confer' with the DOF on disputed items. The meet and confer period may vary, Agenda Item 2 but an untimely submission of ROPS 18-19 may result in a meet and confer period of less than 30 days. The County Auditor -Controller may object to the inclusion of any item on the ROPS that is not demonstrated to be an enforceable obligation and may object to the funding source proposed for any item. The County Auditor -Controller must provide notice of its objections to the DOF, the Successor Agency and the Oversight Board at least 60 days before disbursements from the Redevelopment Property Tax Trust Fund ("RPTTF") are required to be made. The County Auditor -Controller is required to make RPTTF disbursements to the Successor Agency pursuant to the DOF-approved ROPS 18-19 on June 1, 2018 (to cover enforceable obligation payments from July 1, 2017 through December 31, 2018) and January 2, 2019 (to cover enforceable obligation payments from January 1, 2019 through June 30, 2019). Penalties for Failure to Make Timely Submission If the Successor Agency does not submit an Oversight Board -approved ROPS 18-19 by February 1, 2018, the City of Seal Beach will be subject to a civil penalty of $10,000 per day for everyday that ROPS 18-19 is not submitted to the DOF. The penalty will be paid to the County Auditor -Controller for distribution to the taxing entities. If the Successor Agency does not timely submit BOPS 18-19, creditors of the Successor Agency, the DCF, and affected taxing entities may request a writ of mandate to require the Successor Agency to immediately perform this duty. Additionally, if the Successor Agency does not submit ROPS 18-19 within 10 days of the February 1, 2018 deadline, the Successor Agency's maximum administrative cost for that period will be reduced by 25 percent. If the Successor Agency fails to submit an Oversight Board -approved ROPS to the DOF within five business days of "the date upon which the ROPS is to be used to determine the amount of property tax allocations," the DOF may order the County Auditor -Controller to withhold a scheduled RPTTF disbursement to the Successor Agency pending the DOFs review of the related ROPS. (It is not clear what is "the date upon which the ROPS is to be used to determine the amount of property tax allocations." Possibly, it is referring to October 1 and April 1, the dates by which the County Auditor -Controller must prepare estimates for the upcoming RPTTF disbursements on January 2 and June 1, respectively, and provide the estimates to the DOF, the Successor Agency and the taxing entities.) In conjunction with such a withholding, the DOF may order the County Auditor - Controller to disburse to the taxing entities money from the RPTTF that the DOF determines to be in excess of the amount needed for enforceable obligations. Staff recommends that the Oversight Board adopt Resolution OB 18-01 approving ROPS 18-19 and taking certain related actions. Page 2 FISCAL IMPACT: The preparation and submittal of ROPS 18-19 is for the purpose of allowing the Successor Agency to pay its enforceable obligations for the period from July 1, 2018 to June 30, 2019. It is recommended that the Oversight Board adopt Resolution No. OB 18-01, approving the ROPS 18-19 and taking related actions. Attachments: Resolution No. OB 18-01 Exhibit A - Recognized Obligation Payment Schedule for July 1, 2018 through June 30, 2019 Page 3 RESOLUTION NUMBER OB 18-01 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2018 THROUGH JUNE 30, 2019, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code Section 34177(0), the Successor Agency to the Seal Beach Redevelopment Agency (the "Successor Agency') must prepare a Recognized Obligation Payment Schedule listing the anticipated payments for enforceable obligations to be made by the Successor Agency during the fiscal period from July 1, 2018 through June 30, 2019 ("ROPS 18-19") and submit BOPS 18-19 to the oversight board of the Successor Agency (the "Oversight Board") for approval. B. Pursuant to Health and Safety Code Section 34177(I)(2)(C) and Section 34177(0)(1), the Successor Agency must: (i) submit the Oversight Board -approved BOPS 18-19 to the DOF, the Office of the State Controller, and the County Auditor - Controller no later than February 1, 2018, and (ii) post a copy of the Oversight Board - approved ROPS 18-19 on the Successor Agency's website. NOW, THEREFORE, THE OVERSIGHT 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 Oversight Board hereby approves the proposed ROPS 18-19, substantially in the form attached hereto as Exhibit A. Staff of the Successor Agency is hereby authorized and directed to: (i) submit a copy of Oversight Board -approved ROPS 18-19 to the DOF, the Office of the State Controller, and the County Auditor - Controller and (ii) post a copy of the Oversight Board -approved 18-19 on the Successor Agency's Internet website (being a page on the Internet website of the City of Seal Beach). Section 3. The 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, including but not limited to requesting additional review by the DOF and an opportunity to meet and confer on any disputed items, and making adjustments to ROPS 18-19 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified and confirmed. Resolution Number OB18-01 PASSED, APPROVED AND ADOPTED by the Oversight Board at a meeting held on the 23rd day of January, 2018. AYES: Board Members: NOES: Board Members: ABSENT: Board Members: Vice Chair, Oversight Board ATTEST: Secretary, Oversight Board STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF SEAL BEACH ) I, Robin L. Roberts, Secretary to the Oversight Board, hereby certify that the foregoing resolution was duly adopted at a meeting of the Oversight Board, held on the 23rd day of January, 2018. Secretary, Oversight Board EXHIBIT A SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY RECOGNIZED OBLIGATION PAYMENT SCHEDULE (July 1, 2018 - June 30, 2019) E / � k ] K 2 � \ {s V{ Z / !;§ . $! - _,: C2 SE .t. «:a=.�a !)!:! E s N O M d C J L O L W O N N d O Z i OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY AGENDA STAFF REPORT DATE: January 23, 2018 TO: Oversight Board Members FROM: Victoria L. Beatley, Staff Member SUBJECT: ADMINISTRATIVE BUDGETS FOR THE SIX-MONTH FISCAL PERIODS FROM JULY 1, 2018 THROUGH DECEMBER 31, 2018 AND FROM JANUARY 1, 2019 THROUGH JUNE 30, 2019 SUMMARY OF REQUEST: Staff recommends that the Oversight Board for the Successor Agency to the Seal Beach Redevelopment Agency (the "Oversight Board") adopt Resolution No. OB18-02 approving Successor Agency's Administrative Budgets for the six- month periods from July 1, 2018 through December 31, 2018 ("Administrative Budget 18-19A") and from January 1, 2019 through June 30, 2019 ("Administrative Budget 18-196"). BACKGROUND AND ANALYSIS: Pursuant to Section 34177(j) of the California Health and Safety Code ("HSC"), the Successor Agency is required to prepare a proposed administrative budget for each six-month fiscal period, which must be submitted to the Oversight Board for approval. Each proposed administrative budget must include all of the following: (1) estimated amounts for Successor Agency administrative costs for the applicable six-month fiscal period; (2) proposed sources of payment for the administrative costs; and (3) proposals for arrangements for administrative and operations services provided by the City of Seal Beach (the "City") or other entity. HSC Section 34177 is unclear regarding the required timing for the submission of the proposed administrative budgets to the Oversight Board. However, because the Successor's Agency's administrative expenditures also have to be reflected on the Successor Agency's Recognized Obligation Payment Schedules ("ROPS"), the administrative budgets should be consistent. Previously, the Successor Agency was required to prepare a BOPS for each six- month fiscal period (from July 1 through December 31, and from January 1 through June 30, respectively). SB 107, which was enacted in September 2015, Agenda Item 3 amended HSC Section 34177, to provide that, beginning with fiscal year 2016- 17, the Successor Agency must prepare a ROPS annually (instead of twice a year). HSC Section 34177(o) provides that the Successor Agency must submit an Oversight Board -approved ROPS for fiscal year 2018-19 ("ROPS 18-19") to the State Department of Finance ("DOF") and the County Auditor -Controller no later February 1, 2018. The proposed ROPS 18-19 is being presented to the Oversight Board for consideration and approval pursuant to a separate resolution. Staff recommends that the Oversight Board approve Administrative Budget 18-19A and Administrative Budget 18-19B on the same date as the Oversight Board's approval of ROPS 18-19. Pursuant to HSC Section 34179(h)(1), which was added by SB 107, Oversight Board resolutions approving the Successor Agency's administrative budgets are no longer required to be submitted to the DOF for approval. Therefore, Resolution No. OB 18-02 will become effective immediately upon adoption. FISCAL IMPACT: Under HSC Section 34171(b), the "Administrative Cost Allowance" is the maximum amount of administrative costs that may be paid by the Successor Agency from property tax revenues allocated by the County Auditor -Controller (i.e., disbursements from Redevelopment Property Tax Trust Fund). The Successor Agency's annual administrative costs (except for administrative costs paid from bond proceeds or grant funds) must not exceed 50 percent of the total RPTTF moneys distributed to pay enforceable obligations in the preceding fiscal year (which latter amount must be reduced by the Successor Agency's Administrative Cost Allowance and loan repayments made to the City for loans re-established pursuant to HSC Section 34191.4 (the "City Loans") during the preceding fiscal year). Subject to the foregoing, commencing July 1, 2016, and for each fiscal year thereafter, the Administrative Cost Allowance is the greater of: (i) $250,000 fiscal year, or (ii) 3 percent of the actual property tax distributed to the Successor Agency by the County auditor -controller in the preceding fiscal year for payment of approved enforceable obligations, reduced by the Successor Agency's administrative cost allowance and repayments made to the City Loans during the preceding fiscal year. RECOMMENDATION: It is recommended that the Oversight Board adopt Resolution No. OB 18-02, approving the Successor Agency's Administrative Budget 18-19A and Administrative Budget 18-19B. Attachments Resolution No. OB 18-02 Exhibit A - Administrative Budget 18-19A (July 1, 2018 to December 31, 2018) Exhibit B - Administrative Budget 18-19B (January 1, 2019 to June 30, 2019) Page 2 RESOLUTION NUMBER OB 18-02 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY APPROVING PROPOSED ADMINISTRATIVE BUDGETS FOR THE SIX- MONTH FISCAL PERIODS FROM JULY 1, 2018 THROUGH DECEMBER 31, 2018, AND FROM JANUARY 1, 2019 THROUGH JUNE 30, 2019, AND TAKING CERTAIN 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. B. The Successor Agency's proposed administrative budgets for the six- month fiscal periods from July 1, 2018 through December 31, 2018 ("Administrative Budget 18-19A") and from January 1, 2019 through June 30, 2019 ("Administrative Budget 18-19B,° together with Administrative Budget 18-19A, the "Administrative Budgets") have been presented to this Oversight Board for approval. NOW, THEREFORE, THE OVERSIGHT BOARD FOR 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 Oversight Board hereby approves Administrative Budget 18- 19A, substantially in the form attached hereto as Exhibit A. Section 3. The Oversight Board hereby approves Administrative Budget 18- 196, substantially in the form attached hereto as Exhibit B. Section 4. The 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 and the Administrative Budgets, including making any adjustment to the proposed Administrative Budgets to make them consistent with the Successor Agency's Recognized Obligation Payment Schedule for fiscal year 2018-19 (as such Recognized Obligation Payment Schedule is approved by the State Department of Finance). Section 5. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or Resolution Number OB 18-02 application, and to this end, the provisions of this Resolution are severable. The Oversight Board hereby declares that it would have adopted this Resolution regardless that one or more portion may be determined to be invalid. PASSED, APPROVED AND ADOPTED by the Oversight Board at a meeting held on the 23rd day of January, 2018. AYES: Board Members: NOES: Board Members: ABSENT: Board Members: Vice Chair, Oversight Board ATTEST: Secretary, Oversight Board STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF SEAL BEACH ) I, Robin L. Roberts, Secretary to the Oversight Board, hereby certify that the foregoing resolution was duly adopted at a meeting of the Oversight Board, held on the 23rd day of January, 2018. Secretary, Oversight Board 12805-000112033183v1.dw EXHIBIT A SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET 18-19A Exhibit A SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Flacal Period July 1 - December 31, 2018 CATEGORYI the hems listed below Include amounts to be reimbursed by the Successor Agency to the CIH of Seal Beach, pursuant to a Cooperative Agreement for Advance and Reimbursement of Admimstrative, Overhead and whet Expenses ('Cooperative Agreemenr), Wand between the City and the Successor Agency, In the form approved by the Successor Agency Board pursuant to Resolution No. SA 11-10, adopted on Aprll9, 1012. 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 limped to value of staff, consultants and legal counsel, office space, equipment, suPplles, Insurance and other services and facilities. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE SMDIna for the Successor Agency City Manager 285 Administrative Allowance City perk 185 Administrabye Allowance Accountant 112 Administrative Allowance Accourrong Technician - Accounts Payable 101 Administrative Allowance A unfiri Technician - Payroll 95 Administrative Allowence Flnance Manager 184 Administrative Allowance Director of Finance 324 Administrative Allowance StaDlna for the Oversight Board City Manager 158 Administrative Allowance CityClerk 185 Administrative Allowance Finance Manager 123 Adminlsiwtive Allowance Director of Finance 218 Administrative Allowance O"rhead Coe[ Services/Facilities 92 Administrative Allowance TOTAL 2,000 Exhibit A SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiecal Period July 1 -December 31, 2010 CATEGORY II Health A Safety Cade Section 34177 (k) gates: 'Provide adminlstrathre curt 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-coMrolkrfor each six-month Ssnl pedod' Listed below are the administrative cost hems that the Successor Agency andcipstesto pay from property He revenues deposited In the Redevelopment Property Tax Trust Fund These Items may include amountsto be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. pursuant to Health and Safety Code Section 34177(d)(1)(F), contracts necessary for the administration and operation of the Successor Agency are enforceable obligations. Accordingly, amounts to be pall by the Successor Agency to third parry vendors for equipment and supplies necessary for the administration ofthe 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 Apra anticipaleslo pay such costs from property tax revenues deposited In the Redevelopment Property Tax Trust Farad. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Legal counsel 20,000 Administrafi re Allowance Trustee Fees 1,796 Admmistmfive Allowance Arbitrage Analysis - Administrabve Allowance Administrative Allowance TOTAL 21,796 CATEGORY III Costs allocable to particular projects are considered part of the project costs. Listed below are administrative costs that are allocates to pmjects and not Included in the tables above. These Items may Include amounts to be reimbursed by the Successor Agency punuantto the Cooperative Agreement. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Stan - RPTTF Legal counsel - RPTTF Contract Expenses - RPTTF TOTAL EXHIBIT B SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET 18-19B Exhibit B SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period January 1 -June 30, 2019 CATEGORYI IDs items listed below Include amounts to be reimbursed by the Successor Agency to the Cly of Seal Beach, pursuant to a Cooperative Agreement for Advance and Reimbursement of Administrative, Overhead and other Expenses ("Cooperative Agreement"), by and between the Cly and the Successor Agenq, in the form approved by Me Successor Agency Board pursuant to Resolution No. SA 12-10, adopted on April 9, 2012, Pursuant M the Cooperative Agreement, the Successor Agency reimburses the Ory for all costs advanced by the Cly for Me administration and operation of the Successor Agency, including but not limited to value of stag consultants and legal counsel, office space, equipment, supplies, Imurance and other seMces and facilities. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staffing for the Successor Agency City Manager 285 Administrative Allowance CITY Cie* 165 Administrative Allowance Amountard 112 Administrative Allowance Accounting Technician- Accounts Payable 101 Administrative Allowance Amounting Technician - Payroll 95 Administrative Allowance Firms Manager 184 Administrative Allowance Director of Finance 324 Administrative Allowance SMRina for the Oversight Bosh City Manager 158 Administrative Allowance City Cie* 165 Administrative Allowance R ante Manager 123 Administrative Allowance Director of Finance 216 Administrative Allowance O narllmd Coal ServicesrFacllities 92 Administrative Allowance TOTAL 2,000 Exhibit B SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period January 1 -June 30, 2019 CATEGORY II Health & Safety Code SeRlon 34177 (k) Rates:-Provlde administrative Cort estimates, from its approved administrative budget that are to be Mid from property tax revenues deposited In the Redevelopment Property Tax Trust Fund, to the county auditor -controller for each six-month fisilpedod" Listed below are the administrative post turns that the Successor Agency antldpffiesto 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 Code Section 34177(d)(1)(F), contracts necessary for administration and operation of the Successor Agency are enforceable obligations. Accordingly, amounts to be Mid 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 20,000 Administrative Allowance Trustee Fees 4,2TI Administrative Allowance Arbitrage Analysis - Administralive Allowance Administrative Allowance TOTAL 24,2n CATEGORY III CortsallombletopanlcularprojectsammnsideredpartatheprojeRcosts. Usted below are administrative cosmthat areallocable to projects and Trot 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