HomeMy WebLinkAbout1/29/2016 - RESOLUTIONS - 039 RESOLUTION NO. 039
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY, APPROVING
AN ADMINISTRATIVE EXPENSE BUDGET FOR THE
PERIOD OF JULY 1, 2016 THROUGH JUNE 30; 2017.
PURSUANT TO THE CALIFORNIA HEALTH AND SAFETY
CODE.
WHEREAS, the Community Redevelopment Agency of the City of Palm
Springs ('Redevelopment Agency") was a redevelopment agency in the City of
Palm Springs ("City'), duly created pursuant to the California Community
Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the
California Health and Safety Code) (`Redevelopment Law'); and
WHEREAS, AB X1 26 was signed by the Governor of California on June 28,
2011, making certain changes to the Redevelopment Law, including adding Part 1.8
(commencing with Section 34161) and Part 1.85 (commencing with Section 34170)
to Division 24 of the California Health and Safety Code ("Health and Safety Code");
and
WHEREAS, Health & Safety Code Section 34177(I) requires the Successor
Agency to prepare a Recognized Obligation Payment Schedule (ROPS) listing the
enforceable obligations of the former Redevelopment Agency, including administrative
expenses; and
WHEREAS, Health & Safety Code Section 34171(b)(3) states that commencing
July 1, 2016, the administrative cost allowance shall be up to 3 percent of the actual
property tax distributed to the successor agency by the county auditor-controller in the
preceding fiscal year for payment of approved enforceable obligations, reduced by the
successor agency's administrative cost allowance and loan repayments made to the city
pursuant to Section 34191.4(b) during the preceding fiscal year, subject to a minimum
of $250,000, unless such amount is reduced by the Oversight Board or by agreement
between the successor agency and the State Department of Finance ("Department of
Finance");
WHEREAS, all other legal prerequisites to the adoption of this Resolution
have occurred.
NOW, THEREFORE, BE IT RESOLVED THAT THE OVERSIGHT BOARD
FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY DOES RESOLVE AS FOLLOWS:
SECTION 1. The Recitals set forth above are true and correct and
incorporated herein by reference.
Resolution No. 039
Page 2
SECTION 2. The Administrative Budget of $250,000 for the Successor Agency
for the period of July 1, 2016 through June 30, 2017, attached to this Resolution as
Exhibit A, is hereby approved.
SECTION 3. The Clerk/Secretary or designee is authorized to take all
actions necessary to implement this Resolution, including without limitation, providing
notice of adoption of this Resolution to the Department of Finance.
SECTION 4. This Resolution shall take effect three (3) business days from
adoption.
PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD FOR
THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS THIS 29th DAY OF
JANUARY, 2016.
LISA H W L
OVERSIGHT BOARD CHAIRMAN
ATTEST:
MES THOMPSON, CLERK/SECRETARY
Resolution No. 039
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Clerk/Secretary of the Oversight Board for the
Successor Agency of the Palm Springs Community Redevelopment Agency hereby
certify that Resolution No. 039 was adopted by the Oversight Board at a Special
Meeting held on the 29th day of January, 2016, by the following vote:
AYES: Board Members Arthur, Foat, Marshall, Ready and Chair Howell.
NOES: None.
ABSENT: Vice Chair Van Horn.
ABSTAIN: None.
AMESTHOMPSON
OVERSIGHT CLERK/SECRETARY
City of Palm Springs, California
01/29 rgo (a
EXHIBIT A
ADMINISTRATIVE BUDGET
40000 Salaries $175,896
41450 Telecommunication 258
4 i 600 PIERS Contribution 47,4 1'8
41700 Medicare Tax 2,551
41900 Fringe Benefits 23,619
41930 RHS Health Benefit 258
Total $250.000