HomeMy WebLinkAbout12-58 - Approving the Successor Agency's Proposed Adminsitrative Budget for the period January 1, 2013 to June 30, 2013SUCCESSOR AGENCY RESOLUTION NO. 12-58
A RESOLUTION OF THE SUCCESSOR AGENCY TO
THE COSTA MESA REDEVELOPMENT AGENCY
APPROVING THE SUCCESSOR AGENCY'S
PROPOSED ADMINISTRATIVE BUDGET FOR THE
PERIOD JANUARY 1, 2013 TO JUNE 30, 2013
PURSUANT TO HEALTH AND SAFETY CODE SECTION
34177(j).
WHEREAS, the Costa Mesa Redevelopment Agency ("Agency") was established
as a redevelopment agency that was previously organized and existing under the
California Community Redevelopment Law, Health and Safety Code Section 33000, et
seq. ("CRL"), and previously authorized to transact business and exercise powers of a
redevelopment agency pursuant to action of the City Council of the City of Costa Mesa
("City"); and
WHEREAS, Assembly Bill x1 26 chaptered and effective on June 27, 2011
added Parts 1.8 and 1.85 to Division 24 of the California Health & Safety Code, which
caused the dissolution of all redevelopment agencies and winding down of the affairs of
former agencies, including as such laws were amended by Assembly Bill 1484
chaptered and effective on June 27, 2012 (together, the "Dissolution Act"); and
WHEREAS, as of February 1, 2012 the Agency was dissolved pursuant to the
Dissolution Act and as a separate legal entity the City serves as the Successor Agency
to the Costa Mesa Redevelopment Agency ("Successor Agency"); and
WHEREAS, the Successor Agency administers the enforceable obligations of the
former Agency and otherwise unwinds the Agency's affairs, all subject to the review and
approval by a seven -member oversight board ("Oversight Board"); and
WHEREAS, pursuant to Section 34179 the Successor Agency's Oversight Board
has been formed and the initial meeting has occurred on April 19, 2012; and
WHEREAS, Section 34179 provides that the Oversight Board has fiduciary
responsibilities to holders of enforceable obligations and the taxing entities that benefit
from distributions of property tax and other revenues pursuant to Section 34188 of Part
1.85 of the Dissolution Act; and
WHEREAS, Section 34177(j) requires the Successor Agency to prepare a
proposed administrative budget covering the period from January 1, 2013 to June 30,
2013 and submit it to the Oversight Board for approval; and
WHEREAS, pursuant to Section 34177(j), the Successor Agency's
"Administrative Budget" is to include all of the following: (a) estimated amounts of the
Successor Agency's administrative costs for the up -coming six-month fiscal period;
(b) the proposed sources of payment for the costs identified in (a); and (c) proposals for
arrangements for administrative and operations services provided by the city serving as
Successor Agency; and
WHEREAS, the Successor Agency's proposed Administrative Budget for the
period January 1, 2013 to June 30, 2013 has been reviewed and by this Resolution the
Successor Agency desires to approve such Administrative Budget and authorize
submittal thereof to the Oversight Board for its review and approval; and
WHEREAS, the Administrative Budget, when and as approved by the Oversight
Board, will be provided to the County of Orange Auditor -Controller pursuant to Section
34177(k) so that the Successor Agency's estimated administrative costs in the
approved Administrative Budget will be paid from property tax revenues deposited into
the Redevelopment Property Tax Trust Fund for the applicable six-month period; and
WHEREAS, once the Oversight Board has reviewed and approved the
Successor Agency's proposed Administrative Budget for the period January 1, 2013 to
June 30, 2013 then the Successor Agency staff will cause to be posted this Resolution,
including the Administrative Budget, on the Successor Agency website, and will transmit
such to the County Auditor -Controller, the State Controller's Office and Department of
Finance ("DOF").
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO
THE COSTA MESA REDEVELOPMENT AGENCY:
Section 1. The foregoing recitals are incorporated into this Resolution by this
reference, and constitute a material part of this Resolution.
Section 2. Pursuant to the Dissolution Act, the Successor Agency approves the
Administrative Budget for the period January 1, 2013 to June 30, 2013 submitted
herewith as Attachment 1, which is incorporated herein by this reference.
Section 3. The Successor Agency authorizes transmittal of the Administrative Budget
for the period January 1, 2013 to June 30, 2013 to the Oversight Board for its review
and approval and also directs staff to send the Administrative Budget County
Auditor-Controller and DOF once reviewed and approved by the Oversight Board.
Section 4. The Assistant Finance Director of the Successor Agency or her authorized
designee is directed to post this Resolution on the Successor Agency website pursuant
to the Dissolution Act.
Section 5. The City Clerk shall certify to the adoption of this Resolution.
PASSED AND ADOPTED this 21St of August, 2012.
Eric R. Bever, Chair
ATTEST: APPROVED AS TO FORM:
Brenda Green, Thomas D rte, City Attorney
Interim City Clerk/Secretary
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, BRENDA GREEN, Interim CityClerk/Secretary of the Successor Agency to the
Costa Mesa Redevelopment Agency, DO HEREBY CERTIFY that the above and
foregoing is the original of Resolution No. 12-58 and was duly passed and adopted by
the Successor Agency to the Costa Mesa Redevelopment Agency at a regular meeting
held on the 21't day of August, 2012, by the following roll call vote, to wit:
AYES: COUNCIL MEMBERS: BEVER, RIGHEIMER, LEECE, MENSINGER,
MONAHAN
NOES: COUNCIL MEMBERS: NONE
ABSENT: COUNCIL MEMBERS: NONE
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the
City of Costa Mesa this 22nd day of August, 2012.
"ZQAJk_
BRENDA GREEN,
INTERIM CITY CL RK/SECRETARY