HomeMy WebLinkAbout25327RESOLUTION NO. 25327
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS
CAPACITY AS THE SUCCESSOR AGENCY TO THE PALM
SPRINGS COMMUNITY REDEVELOPMENT AGENCY,
APPROVING THE SUCCESSOR AGENCY BUDGET FOR
FISCAL YEARS 2025-2026 AND 2026 — 2027, AND OTHER
SUCH MATTERS AS REQUIRED.
WHEREAS, in accordance with the provisions of the California Health and Safety
Code Section 34173, the City Council of the City of Palm Springs has been designated
and has accepted such designation of "Successor Agency to the Palm Springs
Community Redevelopment Agency" ("Successor Agency") to carry out the purposes of
and exercise the powers granted to successor agencies; and
WHEREAS, pursuant to City Charter Section 903 the City Council conducted a
duly noticed Public Ffearing with respect to the Fiscal Years 2025-26 and 2026-2027
Budget; and
WHEREAS, the City Council has examined said budget, and considered all written
and verbal public comments, and after due deliberations and consideration, made any
such amendments in the preliminary budget as it considered desirable; and
WHEREAS, pursuant to City Charter Section 904, the City Council desires to adopt
the Budget for Fiscal Years 2025-26 and 2026-2027.
NOW THEREFORE THE CITY COUNCIL OF THE CITY OF PALM SPRINGS
DETERMINES, RESOLVES AND APPROVES AS FOLLOWS:
SECTION 1. The City Council, as the Successor Agency's governing board, has
considered and approved a Last and Final Recognized Obligation Payment Schedule
(ROPS) for the period of July 1, 2025, to June 30, 2035 ("Last and Final"). The
Countywide Oversight Board approved the Last and Final ROPS, and the State
Department of Finance ("DOF") approved the Last and Final ROPS in the form attached
to this Resolution as Exhibit A, which will serve as the Fiscal Years 2025- 2026 through
2034- 2035 Budget for the Successor Agency.
SECTION 2. The DOF has approved an administrative costs that may be paid from
the Redevelopment Property Tax Trust Fund for each fiscal year during the period of July
1, 2025, to June 30, 2035. For Fiscal Years 2025-26 and Fiscal Years 2026-27, these
approved amounts are as follows:
FY 25-26 FY 26-27
Staff Costs
$9,800
$10,100
Audit
5,000
5,000
Preparation of State Controller's
Report
2,500
2,500
Monthly Checking Account Fees
12,000
12,000
City Overhead
10,000
10,000
Resolution No. 25327
Page 2
Appraisal for LRPMP Parcel 6,500 -
$45,800* $39,600
* $6,808 funds on hand will be applied to the Fiscal Year 2025-26 Administrative Budget.
SECTION 3. Any changes to the Last and Final ROPS must be submitted to the
Countywide Oversight Board and DOF as an amendment to the Last and Final ROPS.
SECTION 4. The City Manager is hereby authorized to execute any professional
services agreement or other contract specifically included or to be included in the
approved Last and Final ROPS or the Fiscal Years 2025-2026 and 2026-2027 Budget so
long as such contract does not exceed the amount funded. The authority to enter into
agreements pursuant to this provision shall be deemed complementary to and consistent
with the authority to enter contracts provided in City Council Resolution No. 20271.
SECTION 5. The Director of Finance is authorized, at the end of Fiscal Year 2026-
2027 through the closing of the accounting records for each such fiscal year, to make and
record appropriate interfund transfers and fund balance transfers to appropriation
accounts as required to properly account for and balance activity accounts, programs,
and funds, prior to the completion of the fiscal year audit.
SECTION 6. In retaining the responsibilities of the Palm Springs Community
Redevelopment Agency as provided in California Health and Safety Code Section 34173,
the City Council expressly determines, recognizes, reaffirms, and ratifies the statutory
limitation on the City and the City Council's liability in retaining the responsibilities of the
Community Redevelopment Agency of the City of Palm Springs pursuant to AB X1 26.
Nothing in this Resolution shall be construed as a commitment, obligation, or debt of the
City or any resources, funds, or assets of the City to fund the City's service as the
Successor Agency provided in this Resolution.
ADOPTED THIS 25TH DAY OF JUNE 2025.
Scott Stiles, City Manager
ATTEST:
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Br nda Pre , MMC, CERA
City Clerk
Resolution No. 25327
Page 3
CERTIFICATION
STATE OF CALIFORNIA }
COUNTY OF RIVERSIDE) ss.
CITY OF PALM SPRINGS)
I, BRENDA PREE, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 25327 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on this 25th day of June, by the
following vote:
AYES: Councilmembers Ready, Garner, Bernstein, Mayor Pro Tem Soto, and Mayor
deHarte
NOES: None
ABSENT: None
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Springs, California, this IS4- day of July, 2025.
Ar��=
renda Pree, City Clerk
City of Palm Springs, California
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