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Home My WebLink AboutSA-RDA 075RESOLUTION NO. SA-RDA 075 ... _ A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT `r REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGETS FOR THE FISCAL PERIOD FROM JULY 1, 2019 THROUGH JUNE 30, 2020, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code ("HSC") Section 34177(0), the Successor Agency to the Palm Desert 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, 2019 through June 30, 2020 ("ROPS 19-20") and submit ROPS 19-20 to the oversight board of the Successor Agency for approval. B. Pursuant to HSC Section 34179(j), commencing on and after July 1, 2018, the Riverside Countywide Oversight Board (the "Oversight Board") has jurisdiction over the Successor Agency. �.-. C. Pursuant to HSC 34177(I)(2)(B}, at the same time that the Successor ••.. Agency submits ROPS 19-20 to the Oversight Board for approval, the Successor Agency must submit a copy of such ROPS 19-20 to the State Department of Finance (the "DOF"), the County administrative officer, and the County Auditor-Controller. D. Pursuant to HSC Section 34177(j), 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 approval. E. 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 identified in (1); and (3) proposals for arrangements for administrative and operations services provided by the City of Palm Desert or another entity. F. Pursuant to HSC Section 34177(I)(2)(C) and Section 34177(0)(1), the Successor Agency must: (i) submit the Oversight Board-approved ROPS 19-20 to the DOF, the Office of the State Controller, and the County Auditor-Controller no later than February 1, 2019, and (ii) post a copy of the Oversight Board-approved ROPS 19-20 on the Successor Agency's website. ..,. ... G\rda\Veronica Tap�a\Word Files\Stafl Reports\Successor AgencylPalm Desert SA - SA reso for ROPS and Admin Budgets 19-20 12-20-19 docx RESOLUTION NO. SA-RDA O75 NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY (THE "BOARD"), 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 19-20, substantially in the form attached hereto as Exhibit A, is hereby approved. Section 3. Each of Administrative Budget 19-20A (covering the period from July 1, 2019 through December 30, 2019) and Administrative Budget 19-206 (covering the period from January 1, 2020 through June 30, 2020) (together, "Administrative Budgets 19-20"), substantially in the form attached hereto as Exhibit B, is hereby approved. Section 4. The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify ROPS 19-20 and/or the Administrative Budgets 19-20 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 a copy of ROPS 19-20 to the Oversight Board for approval and, at the same time, transmit a copy of ROPS 19-20 to the DOF, the County Auditor-Controller and the County administrative officer as designated by the County. Section 6. Staff is hereby authorized and directed to also submit the proposed Administrative Budgets to the Oversight Board for approval. Section 7. Staff is hereby authorized and directed to submit a copy of Oversight Board-approved ROPS 19-20 to the DOF, the Office of the State Controller, and the County Auditor-Controller. If the Oversight Board has not approved ROPS 19-20 by February 1, 2019, Staff is hereby authorized and directed to transmit ROPS 19-20 to the DOF, the Office of the State Controller, and the County Auditor-Controller by February 1, 2019, with a written notification regarding the status of the Oversight Board's review. Written notice and information regarding the action of the Oversight Board shall be provided to the DOF by electronic means and in a manner of DOF's choosing. Section 8. This Board hereby represents and warrants to the Oversight Board that it examined all of the items on the ROPS FY 2019-2020 and finds that each of them is necessary for the continued maintenance and preservation of property owned by the Successor Agency until disposition in accordance with the Dissolution Act, the continued administration of the ongoing enforceable obligations, or the expeditious wind-down of the affairs of the former Palm Desert Redevelopment Agency by the Successor Agency. Section 9. Staff is hereby authorized and directed to post a copy of the Oversight Board-approved ROPS 19-20 on the Successor Agency's Internet website (being a page on the Internet website of the City of Palm Desert). G�rda�Veronica Tap�a�Word Files\Staff Reports\Successor Agency�Palm Desert SA - SA reso for ROPS and Admin Budgets 19-20 12-20-19 docx RESOLUTION NO. SA-RDA 075 Section 10. 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 19-20 and/or Administrative Budgets 19-20 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified and confirmed. PASSED, APPROVED AND ADOPTED this 10th day of January, 2019. AYES: xAxrllx, JONATHAN, KELLY, NESTANDE, and WEBER NOES: NONE ABSENT: NONE ABSTAIN: NONE 5----- �u-Z l.()_QI' Susan Marie Weber, Chair ATTEST: ..� - .,,,. R HELLE D. KLASSE , SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY � ...,. G-1rdalVeroniw Tap�alWord FileslStaff Reports\Successor Agency\Palm Desert SA - SA reso for ROPS and Admin Budgets 19-20 12-20-19.docac RESOLUTION NO. SA-RDA 075 [This page has intentionally been left blank.] •-- RESOLUTION NO. SA-RDA 075 EXHIBIT A `' SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY RECOGNIZED OBLIGATION PAYMENT SCHEDULE (July 1, 2019 — June 30, 2020) �-. .. �-- � G Uda\Veronica TapialWortl FileslStaff Reports\Successor Agency\Palm Desert SA - SA reso for ROPS and Atlmin Budgets 19-20 12-20-19 docx RESOLUTION NO. SA-RDA 075 [This page has intentionally been left blank.] �.... __._�.........,..,�..... .-- RESOLUTION NO. SA-RDA 075 EXHIBIT B � SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGETS (July 1, 2019 — December 31, 2019); and (January 1, 2020 - June 30, 2020) •-- ... .-. ... G\rda\Veronica Tap�a�Wortl Files\StaH Reports\Successor Agency\Palm Desert SA - SA reso for ROPS and Admin Budgets 19-20 12-20-19 docx RESOLUTION NO. SA-RDA 075 [This page has intentionally been left blank.] .— �.. ..-. i... ... � RESOLUTION NO. SA-RDA 075 Successor Agency to the Palm Desert Redevelopment Agency July 1, 2019 through December 31, 2019 BASED ON ESTIMATED RPTTF DEPOSIT Administrative Cost Allowance Jul 1- Dec 31, 2019 Estimated @ 3% 454,333 ROPS 19•20A Budget ADMINISTRATIVE COSTS Jul 1- Dec 31, 2019 Auditing Service 10,000 Bank Fees 30,000 Consulting Services 25,000 Legal Services 50,000 Personnel Expentlitures' 339,333 2 Total Administrative Costs 454,333 Source of Payment A A A A A, B Exhibit "B" A- Administrative Allowance, 8- 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) will be borne by the City's General Fund. 1/3/2019 8:58 AM Proposed Administrative Budgets A&B - June 30, 2020 1-10-19 RESOLUTION NO. SA-RDA 075 Successor Agency to the Palm Desert Redevelopment Agency January 1, 2020 through June 30, 2020 BASED ON ESTIMATED RPTTF DEPOSIT Administrative Cost Allowance ADMINISTRATIVE COSTS Auditing Service Bank Fees Consulting Services Legal Services Personnel Expenditures' Totai Administrative Costs A- Administrative Allowance, B- City General Fund Exhibit "B" Jan 1- Jun 30, 2020 Estimated @ 3% 487,523 ROPS 19-206 Budget Jan 1- Jun 30, 2020 1 Q,000 30,000 25,000 50,Q00 372,523 2 487,523 Source of Payment A A A A A, B ' 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. iz/v/zois 12:19 PM Proposed Administrative Budgets A&B - June 30, 2020 1-10-19 � � � � a g m n n n r� p �[i u� N �n ~ m m co m o � �N � W � a 0 � w w My � � M N N ' V a � � � f0 (O �O t0 q C e� p� V V V Y H ? �O (O mz � a ,� N � � C q J 0 � H � N C 01 • � N E ' o m ._ , � o a N p ' N N � � a o O " �d c d � � � L W � � O t c a, N E o � N a � c �` o ' m d rn� a .. � � d D N d �� LL 0 d � n 0 Q � � Q � � Z Z O H � J � � W � � N � � a U c Q O v « C � O M U � � M N N � (`J � � O� O1 Ql � � � V th CJ W 0� � � � LL + � U ~ + a m � '• � 9 W + o ; g — V' N LL N O � 1�0 f" � 9 X ._ N � � ~ 0 C ]. � L' N LL d a p � H V a a o 1° u c � °i � c m d W a m � y E '- 0 U m C O � O a a Z � j � c v LL H a u o y z y a o c � m � � � � Q � C � W U Q m U � W � U' 2 N H � Z a � c LO _ N v, °� a O � V �' m O� d � � � C � O N � � U L y � C � � H � y a � L L � � U 0 o m o 0 0 � a ¢� n `° � � � y M N � N � V � � � � .L.. 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