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Home My WebLink AboutSA-RDA 068RESOLUTION NO. SA-RDA o68 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, 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 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 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, 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"). 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 18-19A, substantially in the form attached hereto as Exhibit A, is hereby approved. Section 3. Administrative Budget 18-19B, substantially in the form attached hereto as Exhibit B, is hereby approved. [i'ida�\�riomca l�a�na \\'ord Pile� S�atl� Repo�ts Suicessnr :lgencv Palm Desen - S\ resu for Admin L3ud�els for 13-'.') I-I I� i3 iint� RESOLUTION N0. 61A—RDA 068 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 11th day of January, 2018. AYES: HARNIK, KELLY, NESTANDE, WEBER, and JONATHAN NOES: NONE ABSENT: NONE ABSTAIN: NONE , ..,. SABBY JONAT N, �R ATTEST: RAC ELL D. KLASSEN, S RETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY .�... _� .. G rda �'erocicn l�apia \\b�d FOcs�StntFRepons Scceessor \gen,� Palm Ursen - ti:1 rese fur Adrtnn Rud.ets !�r 13� I�7 I-I I� I k Jocc RESOLUTION N0. SA-RDA 068 EXHIBIT A SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET 18-19A (July 1, 2018 through December 31, 2018) G rda ��erunica �I�apia N�nrd Files titafT Renons Suc:esser ,\�encv Pnlm Desen - S,\ reso Ib� Admin Iiudge�s fiir ;tt-ly I-! I-IR ducr RESOLIITION N0. SA—RDA 068 Successor Agency to the Palm Desert Redevelopment Agency July 1, 2018 through December 31, 2018 BASED ON ESTIMATED RPTTF DEPOSIT Jul 1- Dec 31, 2018 Estimated C� 3% Administrative Cost Allowance 483,969 ROPS 18-19A Budget ADMINISTRATIVE COSTS Jul 1- Dec 31, 2018 Auditing Service 10,000 Bank Fees 30,000 Consulting Services 25,000 Legal Seroices 50,000 Personnel Expenditures' 368,969 z Total Administrative Costs 483,969 A- Administrative Allowance, 8- City General Fund ' Includes salaries, training, travel, meetings, supplies, etc. Source of Payment A A A A A, B Exhibit "A" 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. �-� ...�. . .. . f� I2�28�2�1% 5 12 PM Proposed Administrative eudgets A&B - lune 30, 2019 1-22-18 RESOLUTION NO. SA-RDA 068 EXHIBIT B SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET 18-196 (January 1, 2019 through June 30, 2019) (i r.'.a \�eiumca Tapia.N'ord Piles titat7 Repor;s ticccessur 4eenev Palm Uesen - SA rew li�r Adn•,in Rud�;ets (or I S-I`� I- I;-19 duc� RESOLUTION N0. SA—RDA 068 Successor Agency to the Palm Desert Redevelopment Agency January 1, 2019 through June 30, 2019 BASED ON ESTIMATED RPTTF DEPOSIT Jan 1- Jun 30, 2019 Estimated @ 3% Administrative Cost Allowance 483,968 ROPS 18-19B Budget ADMINISTRATIVE COSTS Jan 1- Jun 30, 2019 Auditing Service 10,000 Bank Fees 30,000 Consulting Services 5,000 Legal Services 25,000 Personnel Expenditures' 413,968 2 Total Administrative Costs 483,968 A- Adminiscrative Allowance, 8- City General Fund ' Includes salaries, training, travel, meetings, supplies, etc. Source of Payment A A A A A, B Exhibit "B" zCiry staff time reimbursement costs in excess of SARDA allowable administrative costs (as adjustetl per Department of Finance) will be bome by the City's General Funtl. � •_.y __.. � ,— � • �i 12/28/2017 5:12 PM P�oposed Administrative Budgets A&B - June 30, 2019 1-22-18