HomeMy WebLinkAbout4/3/2012 - RESOLUTIONS - 004 RESOLUTION NO. 004
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY APPROVING
THE ADMINISTRATIVE BUDGET FOR THE PERIOD
ENDING JUNE 30, 2012
WHEREAS, in accordance with the provisions of the California Health and Safety
Code Section 34173, the City Council of the City of Palm Springs, a public body,
corporate and politic, has been designated and has accepted such designation of
Successor Agency ("Successor") to the Community Redevelopment Agency of the City
of Palm Springs to carry out the purposes of and exercise the powers granted to
Successor Agencies in accordance with Assembly Bill X1 26 (ABX1 26), Section 1.85 of
Division 24 of the Health and Safety Code; and
WHEREAS, pursuant to Section 34177(1)(2)(A), the initial DRAFT "Recognized
Obligation Payment Schedule" ("ROPS") was prepared by the Successor Agency for
the enforceable obligations of the former redevelopment agency by March 1, 2012; and
WHEREAS, the initial draft ROPS projected the dates and amounts of scheduled
payments for each enforceable obligation for the remainder of the time period during
which the redevelopment agency would have been authorized to obligate property tax
increment had such a redevelopment agency not been dissolved; and
WHEREAS, the initial draft ROPS shall be reviewed and certified, as to its
accuracy, by an external auditor designated by the Riverside County Auditor-Controller
pursuant to Section 34182; and
WHEREAS, the certified ROPS must be submitted to and duly approved by the
Oversight Board and submitted to the County Auditor Controller on or before April 15,
2012; and
WHEREAS, the Oversight Board, in accordance with the provisions of the
California Health and Safety Code Section 37179 (a), has been formed to carry out the
purposes and exercise the powers granted to Oversight Boards in accordance with
Assembly Bill X1 26 (ABX1 26), Section 1.85 of Division 24 of the Health and Safety
Code; and
WHEREAS, the Oversight Board is now in receipt of the ROPS, including the
Administrative Budget which is contained in the ROPS; and
WHEREAS, the ROPS has not yet been certified by the County Auditor-
Controller ; and
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS AS FOLLOWS:
SECTION 1. The Palm Springs City Council as the Successor Agency's
governing board established and approved the initial DRAFT Recognized Obligation
Payment Schedule in the form attached to this Resolution as Exhibit A. The City
Council, as Successor Agency, directed the City Manager to cause the transmission of
the ROPS to the Riverside County' Auditor-Controller, the State Controller's Office, and
the State Department of Finance, or alternatively to provide notice to those entities
together with the address of the City's website and the posting of the ROPS to the City's
website.
SECTION 2. The Successor Agency found and determined that the
establishment of the ROPS is not a "project" requiring environmental review under the
California Environmental Quality Act (Public Resources Code Section 21000, et seq.)
because it pertains to governmental fiscal activities which do not involve any
commitment to any specific project which may result in a potentially significant impact
on the environment.
SECTION 3. The Successor Agency recognized the ROPS, including the
Administrative Budget, serves as the budget document for the Successor Agency during
the designated operative period and appropriated funds as identified.
SECTION 4. The Successor Agency is required to submit the Administrative
Budget to the Oversight Board for approval.
SECTION 5. The Oversight Board hereby approves the Administrative Budget
for the Successor Agency for the period February 1, 2012 to June 30, 2012, a copy of
which is attached as Exhibit A to this Resolution.
The Clerk/Secretary is hereby authorized and directed to approve line item
budget transfers to the Administrative Budget, insofar as such transfers do not increase
the overall Administrative Budget, upon the recommendation of the City of Palm Springs
Director of Finance and Director of Community and Economic Development, acting in
their capacities as officers and directors of the Successor Agency to the Palm Springs
Community Redevelopment Agency.
SECTION 6. The Oversight Board directs the Executive Director to cause the
transmission of the Administrative Budget to the Riverside County Auditor-Controller,
the State Controller's Office, and the State Department of Finance, or alternatively to
provide notice to those entities together with the address of the City's website and the
posting of the Administrative Budget to the City's website.
SECTION 7. The Resolution will become effective three business days after its
adoption.
PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY THIS 3RD DAY OF APRIL, 2012.
C PERSON
ATTEST:
LERK/SECRETARY
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Clerk/Secretary, to the Oversight Board of the Successor
Agency to the Palm Springs Community Redevelopment Agency, hereby certify that
Resolution No. 004 is a full, true and correct copy, and was duly adopted at a special
meeting of the Oversight Board on April 3, 2012, by the following vote:
AYES: Board Members Deas, Foat, Marshall, Ready, Van Horn, Vice Chair
Howell and Chair Flavin.
NOES None.
ABSTAIN None.
ABSENT None.
ames Thompson, Clerk/Secretary
City of Palm Springs, California
SUCCESSOR AGENCYADMIN BUDGET
February-June 2012 Annual
Butl a Source Monthly Feb Mar April May June Total
STAFFCOSTS
40000 Regular Employees 206.482 ACA 17,207 17,207 17,207 17,207 17.207 17.207 86,034
Furlough -20,648 ACA (1,721) (1,721) (1,721) (1,721) (1,721) (1,721) (8,603)
41600 P.E.R.S.Contribufioo 70,992 ACA 5,916 5,916 5,916 5,916 5,916 5.916 29,580
41900 Fringe Benefits 37.976 ACA 3.165 3,165 3,165 3,165 3,165 3,165 15,823
41920 RHS 300 ACA 25 25 25 25 25 25 125
Total Personnel Services 295,102 ACA 24,592 24,592 24,592 24.592 24,592 24,592 122,959
Annual
Budge Source Feb Mar April May June Total
OTHER NON-ACA ADMIN COSTS
49HOInsurance 19.736 ACA 4,934 4,934 9,868
49010 Administrative Charges 292.241 ACA 73,060 73,060 146,1211
Materials and Supplies 35,069 ACA 4,054 4,054 4,054 4,054 4,054 20,270
Building Rental 16,000 ACA - - - - -
43250 Audit Services 11,000 ACA 3,000 3,124 6,124
43220 General Legal Counsel 57700 ACA 6,656 6.656 6,656 6.656 6,656 33,260
43220 Redevelopment Special Counsel 14.402 ACA - - - - -
43200 Contractual Services ACA Farrell&Company Advisors 20,000 ACA 5,000 5,000 5.000 5,000 20,000
Harrell&Company Advisors 6,657 ACA 6,657 6,657
49600 Paying Agent7rustee Fee ACA -
Bank of New York Mellon Trust 13,000 ACA 143 143
43960 Property Tax 840000 ACA 4,200 4,200
494,205 103,504 23,034 15.710 88,704 15.710 246,663
Total Administrative Budget Feb-Jun 2012 369,622
Total Recognized Obligations(P.2+P.3) 7,434,716
Percentage of Total 4.97%