HomeMy WebLinkAboutSA Res SA19-03 2019-12-09RESOLUTION SA 19-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO SEAL BEACH REDEVELOPMENT
AGENCY APPROVING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY
1, 2020 THROUGH JUNE 30, 2021 AND TAKING RELATED
ACTIONS
RECITALS:
A. Pursuant to Health and Safety Code Section 34177(o), 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, 2020 through June 30, 2021 ("ROPS
20-21") and submit BOPS 20-21 to the Oversight Board having jurisdiction over
the Successor Agency (the "Oversight Board") for approval; and
B. Pursuant to Health and Safety Code Section 34177(1)(2), the
Successor Agency must submit ROPS 20-21 to the Oversight Board of the
Successor Agency for approval;
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. ROPS 20-21, substantially in the form attached hereto as
Exhibit A, is hereby approved. The Executive Director of the Successor Agency,
in consultation with the Successor Agency's legal counsel, may modify ROPS
20-21 as the Executive Director or the Successor Agency's legal counsel deems
necessary or advisable.
Section 3. Staff is hereby authorized and directed to post a copy of the
Oversight Board -approved ROPS 20-21 on the Successor Agency's Internet
website (being a page on the Internet website of the City of Seal Beach).
Section 4. The officers and the 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, 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 20-21 pursuant to the DOF's instructions, and any such
actions previously taken are hereby ratified and confirmed.
Resolution SA 19-03
Section 5. PASSED, APPROVED and ADOPTED by the Successor
Agency to the Seal Beach Redevelopment Agency at a regular meeting held on
the 9t" day of December, 2019 by the following vote:
AYES: Board Members: Kalmick, Moore, Massa-Lavitt, Sustarsic, Varipapa
NOES: Board Members: None
ABSENT: Board Members: None
ABSTAIN: Board Members: None
Thomas Moore, Chair
D
Resolution SA 19-03
EXHIBIT A
SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(July 1, 2020 — June 30, 2021)
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DRAFT
Exhibit A
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period July 1 - December 31, 2020
items listed below include amounts to be reimbursed by the Successor Agency to the City of Seal Beach, pursuant to a Cooperative
!ement for Advance and Reimbursement of Administrative, Overhead and other Expenses ("Cooperative Agreement), by and between the
and the Successor Agency, in the form approved by the Successor Agency Board pursuant to Resolution No. SA 12-10, adopted on April 9,
!. Pursuant to the Cooperative Agreement, the Successor Agency reimburses the City for all costs advanced by the City for the administration
operation of the Successor Agency, including but not limited to value of staff, consultants and legal counsel, office space, equipment,
dies, insurance and other services and facilities.
City Manager
City Clerk
Finance Manager
Director of Finance
AL
- Administrative Allowance
- Administrative Allowance
- Administrative Allowance
- Administrative Allowance
18 Administrative Allowance
1,300
PROPOSED
ADMINISTRATIVE
FUNDING
DESCRIPTION
BUDGET
SOURCE
StafBna for the Successor Aaencv
City Manager
92
Administrative Allowance
City Clerk
39
Administrative Allowance
Accountant
33
Administrative Allowance
Accounting Technician - Accounts Payable
49
Administrative Allowance
Accounting Technician - Payroll
24
Administrative Allowance
Finance Manager
48
Administrative Allowance
Director of Finance
998
Administrative Allowance
City Manager
City Clerk
Finance Manager
Director of Finance
AL
- Administrative Allowance
- Administrative Allowance
- Administrative Allowance
- Administrative Allowance
18 Administrative Allowance
1,300
DRAFT
Exhibit A
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period July 1 - December 31, 2020
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 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 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 15,000 Administrative Allowance
Trustee Fees - Administrative Allowance
Arbitrage Analysis - Administrative Allowance
- Administrative Allowance
TOTAL 15,000
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
Staff - RPTTF
Legal counsel - RPTTF
Contract Expenses - RPTTF
TOTAL _
Dom.
Exhibit B
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period January 1 - June 30, 2021
items listed below include amounts to be reimbursed by the Successor Agency to the City of Seal Beach, pursuant to a Cooperative
!ement for Advance and Reimbursement of Administrative, Overhead and other Expenses ("Cooperative Agreement"), by and between the
and the Successor Agency, in the form approved by the Successor Agency Board pursuant to Resolution No. SA 12-10, adopted on April 9,
!. Pursuant to the Cooperative Agreement, the Successor Agency reimburses the City for all costs advanced by the City for the administration
operation of the Successor Agency, including but not limited to value of staff, consultants and legal counsel, office space, equipment,
flies, insurance and other services and facilities.
City Manager
City Clerk
Finance Manager
Director of Finance
'AL
Administrative Allowance
Administrative Allowance
Administrative Allowance
Administrative Allowance
18 Administrative Allowance
1,300
PROPOSED
ADMINISTRATIVE
FUNDING
DESCRIPTION
BUDGET
SOURCE
Staffina for the Successor Aaencv
City Manager
92
Administrative Allowance
City Clerk
39
Administrative Allowance
Accountant
33
Administrative Allowance
Accounting Technician - Accounts Payable
49
Administrative Allowance
Accounting Technician - Payroll
24
Administrative Allowance
Finance Manager
48
Administrative Allowance
Director of Finance
998
Administrative Allowance
City Manager
City Clerk
Finance Manager
Director of Finance
'AL
Administrative Allowance
Administrative Allowance
Administrative Allowance
Administrative Allowance
18 Administrative Allowance
1,300
DRAFT
Exhibit B
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period January 1 -June 30, 2021
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 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 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 15,000 Administrative Allowance
Trustee Fees 3,116 Administrative Allowance
Arbitrage Analysis - Administrative Allowance
- Administrative Allowance
TOTAL 18,116
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
Staff RPTTF
Legal counsel RPTTF
Contract Expenses RPTTF
TOTAL _
Resolution SA 19-03
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Gloria D. Harper, Secretary of the Successor Agency to the Seal Beach
Redevelopment Agency, do hereby certify that the foregoing resolution is the
original copy of Resolution SA 19 -03 -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
9th day of December, 2019.
loria b. H per, Secretary