HomeMy WebLinkAbout31 - NB-2 - Attachment 2 - 2/18/2014ATTACHMENT
Successor Agency Resolution No. 14 -
(attached)
SUCCESSOR AGENCY RESOLUTION NO. 14-
A RESOLUTION OF THE SUCCESSOR
AGENCY
TO
THE
COSTA MESA REDEVELOPMENT AGENCY
APPROVING
THE
SUCCESSOR AGENCY'S ADMINISTRATIVE
BUDGET
FOR
THE
14-15A SIX-MONTH FISCAL PERIOD OF
JULY 1,
2014
TO
DECEMBER 31, 2014 PURSUANT TO HEALTH AND
SAFETY
CODE SECTION 34177(j)
WHEREAS, the former Costa Mesa Redevelopment Agency ("former 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., 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 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 (together, the "Dissolution Laws"); and
WHEREAS, as of February 1, 2012 the Agency was dissolved pursuant to the
Dissolution Laws, and as a separate public entity, corporate and politic the Successor
Agency to the Costa Mesa Redevelopment Agency ("Successor Agency") administers the
enforceable obligations of the former Agency and otherwise unwinds the former 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 its initial meeting 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 Laws; and
WHEREAS, Section 341770) requires the Successor Agency to prepare a proposed
administrative budget covering the 14-15A fiscal period from July 1, 2014 to
December 31, 2014 and submit it to the Oversight Board for approval; and
WHEREAS, pursuant to Section 341776), 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 14-15A
six-month fiscal period of July 1, 2014 to December 31, 2014 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 fiscal period; and
WHEREAS, once the Oversight Board has reviewed and approved the Successor
Agency's Administrative Budget for the 14-15A six-month fiscal period of July 1, 2014 to
December 31, 2014, 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 4. The foregoing recitals are incorporated into this Resolution by this reference,
and constitute a material part of this Resolution.
Section 5. Pursuant to the Dissolution Laws, the Successor Agency approves the
Administrative Budget for the 14-15A six-month fiscal period of July 1, 2014 to
December 31, 2014 submitted herewith as Attachment 1 and incorporated by this reference.
Section 6. The Successor Agency authorizes transmittal of the Administrative Budget for
the 14-15A six-month fiscal period of July 1, 2014 to December 31, 2014 to the Oversight
Board for its review and approval and also directs staff to send the Administrative Budget to
the County Auditor -Controller and DOF once reviewed and approved by the Oversight
Board.
Section 7. 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 Laws.
Section 8. The Secretary shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 18th day of February 2014.
James M. Righeimer, Chair
Successor Agency to the Costa Mesa
Redevelopment Agency
(SEAL)
ATTEST:
Brenda Green, Secretary
Successor Agency to the Costa Mesa Redevelopment Agency
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF COSTA MESA )
I, Brenda Green, Secretary of the Successor Agency to the Costa Mesa
Redevelopment Agency, hereby certify that the foregoing resolution was duly adopted by
the Successor Agency at a regular meeting held on the 18th day of February 2014, and that
it was so adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(SEAL)
Brenda Green, Secretary
Successor Agency to the Costa Mesa
Redevelopment Agency