HomeMy WebLinkAboutSA-RDA 064RESOLUTION NO. SA-RDA o64
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT
AGENCY APPROVING PROPOSED ADMINISTRATIVE BUDGETS
FOR THE SIX-MONTH FISCAL PERIODS FROM JULY 1, 2017
THROUGH DECEMBER 31, 2017 AND FROM JANUARY 1, 2018
THROUGH JUNE 30, 2018, 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 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
Redevefopment 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 Jufy 1,
2017 through December 31, 2017 ("Administrative Budget 17-18A") and from January 1,
2018 through June 30, 2018 ("Administrative Budget 17-18B," together with
Administrative Budget 17-18A, 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 17-18A, substantially in the form attached
hereto as Exhibit A, is hereby approved.
Section 3. Administrative Budget 17-18B, substantially in the form attached
hereto as Exhibit B, is hereby approved.
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RESOLUTION N0. SA-RDA 064
Section 4. The Executive Director of the Successor Agency, in consultation
with the Successor Agency's legaf 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 actians previously taken are hereby ratified and confirmed.
PASSED, APPROVED AND ADOPTED this 26th day of January, 2017.
AYES: JONATHAN, KELLY, NESTANDE, WEBER, and HARNIK
NOES: NONE
ABSENT: NONE
ABSTAIN: ��NE
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, ,IAN �. HARI�iIK, CHAIR
ATTEST:
RA ELLE D. KLASSE , SECRETARY
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
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Exhibit "A"
RESOLUTION N0. SA-RDA 064 SuccessorAgencytothe
Palm Desert Redevelopment Agency
July 1, 2017 through December 31, 2017
BASED ON ESTIMATED RPTTF DEPOSIT
Administrative Cost Allowance
ADMINISTRATiVE COSTS
Auditing Service
Bank Fees
Consulting Services
Legal Services
Personnel Expenditures�
Total Administrative Costs
Jul 1- Dec 31, 2017
Estimated @ 3%
527,274
ROPS 17-18A Budget
Jul 1- Dec 31, 2017
10,000
30,000
25,000
50,000
412,274 2
527,274
A- Adminisfrative Allowance, B- Cify General Fund
� Includes salaries, training, travel, meetings, supplies, etc.
Source of
Payment
A
A
A
A
A, B
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 Genera( Fund.
1/30/2017
12:21 PM Proposed Administrative Budgets AB - June 30 2018 1-30-17
RESOLUTION N0. SA—RDA 064
Successor Agency to the
Palm Desert Redevelopment Agency
January 1, 2018 through June 30, 2018
BASED ON ESTIMATED RPTTF DEPOSIT Jan 1- Jun 30, 2018
Estimated @ 3%
Administrative Cost Allowance 485,860
ROPS 16-176 Budget
ADMINISTRATIVE COSTS Jan 1• Jun 30, 2018
Autliting Service 10,000
Bank Fees 30,000
Consulting Services 5,000
Legal Services 25,000
Personnel Expenditures' 415,860 2
Total Administrative Costs 485,860
A- Administrative Allowance, 8- City General Fund
' Includes salaries, training, travel, meetings, supplies, etc.
Source of
Payment
A
A
A
A
A, 6
Exhibit "B"
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.
0
1/la/zoi�
1:34 PM Proposed Administrative Budgets A&8 - June 30, 2018