HomeMy WebLinkAboutSA-RDA 048RESOLUTION NO. SA -RDA 048
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT
AGENCY APPROVING A PROPOSED ADMINISTRATIVE BUDGET
FOR THE SIX-MONTH FISCAL PERIOD FROM JANUARY 1, 2016
THROUGH JUNE 30, 2016, PURSUANT TO HEALTH AND SAFETY
CODE SECTION 34177() AND TAKING CERTAIN RELATED
ACTIONS
RECITALS:
A. Pursuant to Health and Safety Code Section 34177(j), the Successor
Agency to the Palm Desert 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. 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 Palm Desert (the "City") or another entity.
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.
D. Health and Safety Code Section 34173(h) authorizes the City to loan or
grant funds to the Successor Agency for administrative costs, but the receipt and use of
the funds must be reflected on the administrative budget or the Recognized Obligation
Payment Schedule, and an enforceable obligation is deemed to be created for the
repayment of such loans.
E. 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 No. 9"), reflecting the
foregoing.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE PALM DESERT 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.
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RESOLUTION NO. SA -RDA 048
Section 2. This Resolution is adopted pursuant to the provisions of Health and
Safety Code Section 34177(j). ...
Section 3. The Board hereby approves the proposed Administrative Budget
No. 6 substantially in the form attached hereto as Exhibit A. The Executive Director of
the Successor Agency, in consultation with the Successor Agency's legal counsel, may
modify Administrative Budget No. 9 as the Executive Director or the Successor
Agency's legal counsel deems necessary or advisable.
Section 4. Staff is hereby authorized and directed to submit the proposed
Administrative Budget No. 9 to the Oversight Board for approval.
Section 5. The officers 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 and any such actions
previously taken by such officers and staff are hereby ratified and confirmed.
PASSED, APPROVED AND ADOPTED this 24th day of September, 2015.
AYES: HARNIR, JONATHAN, SPIEGEL, TANNER, and WEBER
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
#1"0.4
RA EL D. KLASS ' , SECRETARY
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
c
Susan Marie Web
ewe
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RESOLUTION NO. SA -RDA 048
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
(January 1, 2016 through June 30, 2016)
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RESOLUTION NO. SA -RDA 048
Successor Agency to the
Palm Desert Redevelopment Agency
January 1, 2016 through June 30, 2016
BASED ON ESTIMATED RPTTF DEPOSIT Jan 1 - Jun 30, 2016
Estimated @ 3%
Administrative Cost Allowance 494,412
ROPS 15-16B Budget Source of
ADMINISTRATIVE COSTS Jan 1 - Jun 30, 2016 Payment
Auditing Service 10,000 A
Bank Fees 30,000 A
Consulting Services 25,000 A
Facilities Lease 36,000 A
Legal Services 50,000 A
Personnel Expenditures 343,412 2 A, B
Total Administrative Costs 494,412
A - Administrative Allowance, B - City General Fund
1 Includes salaries, training, travel, meetings, supplies, etc.
2City staff time reimbursement costs in excess of SARDA allowable administrative costs (as adjusted
per Department of Finance) will be borne by the City's General Fund.
9/14/2015
12:03 PM Proposed Administrative Budget - June 30, 2016