HomeMy WebLinkAbout23470 RESOLUTION NO. 23470
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS
CAPACITY AS THE SUCCESSOR AGENCY TO THE CITY
OF PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY AND IN ITS CAPACITY AS THE HOUSING
SUCCESSOR AGENCY TO THE CITY OF PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY, AMENDING
THE SUCCESSOR AGENCY AND HOUSING SUCCESSOR
AGENCY BUDGETS FOR FISCAL YEAR 2013-14.
WHEREAS, Resolution No. 23342 approving the Budget for the Fiscal Year
2013-2014 was adopted on May 15, 2013; and
WHEREAS the City Manager has recommended, and the City Council acting
solely in its capacity as the Successor Agency to the Palm Springs Community
Redevelopment Agency desires to approve, certain amendments to said budget.
NOW THEREFORE THE CITY COUNCIL DETERMINES, RESOLVES AND
APPROVES AS FOLLOWS: that the Director of Finance is authorized to record inter-
fund cash transfers as required in accordance with this Resolution, and Resolution No.
23342, adopting the Budget for Fiscal Year 2013-14 is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
879 8536 26279 $1,500,000
Successor Agency Successor Agency Note Payable to
Low/Mod Housing Low/Mod Housing General Fund
Purpose: Loan from the General Fund to the Successor Agency to enable it to make a
required payment to the Riverside County Treasurer pursuant to Health and Safety
Code Section 34179.6ft which requires former redevelopment agencies to remit the
cash balances in their former redevelopment agency's Low and Moderate Income
Housing Fund to the County for distribution to the other taxing entities.
SECTION 2. SOURCES
Fund Activity-- Account Amount
001 001-12416 Successor Agency $1,500,000
General Fund I Note Receivable
SECTION 3. In retaining the responsibilities of the Palm Springs Community
Redevelopment Agency as provided in California Health and Safety Code Sections
Resolution No. 23470
Page 2
34173 and 34176, 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 Palm Springs Community Redevelopment Agency pursuant to AB
1X26. 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 to the Palm Springs Community Redevelopment Agency as
provided in the Resolution.
PASSED, APPROVED AND ADOPTED BY THE PALM SPRINGS CITY
COUNCIL, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO
THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, THIS 20t" DAY OF
NOVEMBER, 2013.
David H. Ready, City ger
ATTEST:
es Thompson, City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 23470 is a full, true and correct copy, and was duly adopted at a regular
meeting of the Successor Agency of the City of Palm Springs on November 20, 2013,
by the following vote:
AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Lewin,
Mayor Pro Tern Mills, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
Jlpffies Thompson, City Clerk
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