Loading...
HomeMy WebLinkAbout12-141 - Resolutions - (S.A.) RESOLUTION NO. 12-141 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE RANCHO CUAMONGA REDEVELOPMENT AGENCY APPROVING A PROPOSED ADMINISTRATIVE BUDGET FOR THE SIX-MONTH FISCAL PERIOD FROM JANUARY 1, 2013 THROUGH JUNE 30, 2013, PURSUANT TO HEALTH AND SAFETY CODE SECTION 341770) AND TAKING CERTAIN RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code Section 341770), the Successor Agency to the Rancho Cucamonga 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 Rancho Cucamonga (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. By Resolution No. 12-054 adopted by this Board of Directors (the 'Board") on April 4, 2012 and Resolution No. 12-055 adopted by the City Council of the City of Rancho Cucamonga on April 4, 2012 this Board and the City Council previously approved a Cooperative Agreement for Advance and Reimbursement of Administrative, Overhead and other Expenses (the "Cooperative Agreement') by and between the City and the Successor Agency, pursuant to which the City may loan funds to the Successor Agency for administrative costs. F. 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, 2013 through June 30, 2013 ("Administrative Budget No. 3"), reflecting the foregoing. NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE RANCHO CUCAMONGA 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. This Resolution is adopted pursuant to the provisions of Health and Safety Code Section 341770). Section 3. The Board hereby approves the proposed Administrative Budget No. 3 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. 3 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. 3 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. please see the following page for formal adoption,certification and signatures Resolution No. 12-141 - Page 2 of 4 PASSED, APPROVED, AND ADOPTED this 15th day of August 2012. AYES: Alexander, Buquet, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None LLeDefinis Michael, Mayor ATTEST: rv-Lice C. Reynolds, (Mty Clerk I, JANICE C. REYNOLDS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 15`h day of August 2012. Executed this 16`h day of August 2012, at Rancho Cucamonga, California. &L G - ice C. Reynolds, City Cldfk Resolution No. 12-141 - Page 3 of 4 EXHIBIT A DRAFT Administrative Budget ROPS 3 Time Period (January to June 2013) For the Successor Agency to the Rancho Cucamonga Redevelopment Agency Estimated Revenues: Per Section 34171(b) of Health and Safety Code $668,438 3% of RPTTF Expenditures Proposed Expenditures: Personnel $534,750 Operations and Maintenance $66,844 Legal Services $33,422 . Contract Services $33,422 Total Estimated Expenditures $668,438 Resolution No. 12-141 - Page 4 of 4