HomeMy WebLinkAbout1/26/2017 - RESOLUTIONS - 044 RESOLUTION NO. 044
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, 2017 THROUGH JUNE 30, 2018, 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 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"); and
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.
SECTION 2. The Administrative Budget of $250,000 for the Successor Agency for
the period of July 1, 2017 through June 30, 2018, attached to this Resolution as Exhibit A, is
hereby approved.
Resolution No. 044
Page 2
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 26th DAY OF JANUARY, 2017.
ATTEST:
F-��
KATHLEEN D. HART, MMC
INTERIM CLERK/SECRETARY
Resolution No. 044
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, KATHLEEN D. HART, Interim Clerk/Secretary of the Oversight Board for the
— Successor Agency of the Palm Springs Community Redevelopment Agency hereby certify
that Resolution No. 044 was adopted by the Oversight Board at a Special Meeting held on
the 26th day of January, 2017, by the following vote:
AYES: Board Member Arthur, Foat, Marshall, and Ready
NOES: None
ABSENT: Vice Chair Van Horn, and Chair Howell
ABSTAIN: None
KATHLEEN D. HART, MMC
INTERIM CLERKISECRETARY
Resolution No. 044
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EXHIBITA
ADMINISTRATIVE BUDGET
40000 Salaries $175,896
41450 Telecommunication 258
41600 PIERS Contribution 47,418
41700 Medicare Tax 2,551
41900 Fringe Benefits 23,619
41930 RHS Health Benefit 258
Total $250,000
To the extent that funds remain after payment of salaries and benefits, any remaining funds
will be applied to legal costs incurred by the Successor Agency, or costs to prepare the
ROPS or audit of the Successor Agency's financial statements.