HomeMy WebLinkAboutSA-RDA 053RESOLUTION NO. SA-RDA o53
A RESOLUTION OF
SUCCESSOR AGENCY
AGENCY APPROVING
FOR THE SIX-MONTH
THROUGH DECEMBER
THROUGH JUNE 30,
ACTIONS
THE BOARD OF DIRECTORS OF THE
TO THE PALM DESERT REDEVELOPMENT
PROPOSED ADMINISTRATIVE BUDGETS
FISCAL PERIODS FROM JULY 1, 2016
31, 2016 AND FROM JANUARY 1, 2017
2017, AND TAKING CERTAIN RELATED
RECITALS:
A. Pursuant to Health and Safety Code Section 34177(j), the Successor
Agency to the Pa1m 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 of 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 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. 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 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.
Section 2. Administrative Budget 16-17A, substantially in the form attached
hereto as Exhibit A, is hereby approved.
Section 3. Administrative Budget 16-176, substantially in the form attached
hereto as Exhibit B, is hereby approved.
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RESOLDTION NO. SA-RDA 053
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. Staff is hereby authorized and directed to submit the proposed
Administrative Budgets to the Oversight Board for approval.
Section 6. 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.
PASSED, APPROVED AND ADOPTED this 28th day of January, 2016.
AYES: �xxtx, JONATHAN, TANNF.'R, WEBER, and SPIEGEL
NOES: xorrE
ABSENT: xor�
ABSTAIN: xorrE
�
Robert A. Spiegel, Cha�
ATTEST:
RA EL E D. KLA EN, ECRETARY
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
. �.
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RESOLUTION N0. SA-RDA 053
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET 16-17A
(July 1, 2016 through December 31, 2016)
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RESOLUTION NO. SA-RDA 053
Successor Agency to the
Palm Desert Redeve{opment Agency
July 1, 2016 through December 31, 2016
BASED ON ESTIMATED RPTTF DEPOSIT Jul 1- Dec 31, 2016
Estimated @ 3%
Administrative Cost Allowance 511,917
ROPS 16-17A Budget
ADMINISTRATIVE COSTS Jul 1- Dec 31, 2016
Auditing Service 10,000
Bank Fees 30,000
Consulting Services 25,000
Facilities Lease 36,000
Legal Services 50,000
Personnel Expenditures' 360,917 2
Tota1 Administrative Costs 511,917
Source of
Payment
A
A
A
A
A
A, B
..-..
�
w
A- Administrative Allowance, B- City General Fund
' 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} wi11 be borne by the City's General Fund.
. ..,.
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1/12/2016
12:13 PM Vroposed Administrative Budgets A&B - lune 30, 2017
RESOLDTION N0. SA-RDA 053
EXHIBIT B
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET 16-176
(January 1, 2017 through June 30, 2017)
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RESOLDTION NO. SA—RDA 053
Successor Agency to the
Palm Desert Redevelopment Agency
January 1, 2017 through June 30, 2017
BASED ON ESTIMATED RPTTF DEPOSIT Jan 1- Jun 30, 2017
Estimated @ 3%
Administrative Cost Allowance 505,306
ROPS 16-176 Budget
ADMINISTRATIVE COSTS Jan 1- Jun 30, 2017
Auditing Service 10,000
Bank Fees 30,000
Consulting Services 25,000
Facilities Lease 36,000
Legal Services 50,000
Personnel Expenditures' 354,306 2
Total Administrative Costs 505,306
Source of
Payment
A
A
A
A
A
A, B
...,
0
...
A- Administrative Allowance, B- City General Fund
' Includes salaries, training, travel, meetings, supplies, etc.
ZCity 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.
...
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1/lz/zoie
12:13 PM Proposed Administrative Budgets A&B - June 30, 2017