HomeMy WebLinkAboutResolution No. OB-12-2015RESOLUTION NO. OB -12-2015
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY OF THE FORMER REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA APPROVING AND ADOPTING THE
ADMINISTRATIVE BUDGET FOR THE PERIOD OF JANUARY 1, 2016
THROUGH JUNE 30, 2016 PURSUANT TO AB x1 26 AS AMENDED BY
AB 1484
WHEREAS, Health and Safety Code Section 34177(J), enacted by AB xl 26, requires a
successor agency to a former redevelopment agency to prepare administrative budgets to the
Oversight Board for approval.
WHEREAS, the Successor Agency of the Former Redevelopment Agency of the City of
Azusa ("Agency") has submitted to the Oversight Board of the Agency ("Board") a proposed
administrative budget ("Budget") for the six-month period that commences on January 1, 2016
through June 30, 2016. Attached hereto as Exhibit B, and
NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Oversight
Board as follows:
Section 1. The Recitals set forth above are true and correct and incorporated
herein by reference.
Section 2. The Board hereby approves the Budget, in substantially the form
attached to this Resolution as Exhibit B, so that the Agency may
continue to meet its recognized obligations, all as required by
Health and Safety Code section 34177, during the time period from
January 1, 2016 through June 30, 2016. The Agency reserves the
right to further amend the Budget in the future in order to provide
an accurate schedule.
Section 3. The Agency staff is authorized and directed to enter into any
agreements and amendments to agreements necessary to memorialize
and implement the agreements and obligations in the Budget herein
approved by the Board.
Section 4. The Board hereby directs that copies of this Resolution be submitted to
the California State Department of Finance, the California State
Controller's Office and the Los Angeles County Auditor -Controller
and to be posted on the Agency's website.
Section 5. Pursuant to Health and Safety Code Section 34179(h), all actions taken
by the Board, may be reviewed by the California Department of
Finance, and therefore, this Resolution shall not be effective for five (5)
business days, pending a request for review by the California
Department of Finance.
APPROVED AND ADOPTED THIS 24'" day of September 2015.
I
Robert'ronzales, Chair}5rson
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
ATTEST:
J fg c Cornejo,
ecretary
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
I HEREBY CERTIFY that the foregoing Resolution No. OB -12-2015 was duly adopted
by the Board Members of the Oversight Board to the Successor Agency of the Former
Redevelopment Agency of the City of Azusa, at a regular meeting thereof on the 24`h day of
September 2015, by the following vote of Board Members:
AYES: BOARD MEMBERS: BARBOSA, ROMERO, PARAGAS, GONZALES
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: DICKERSON, HERNANDEZ
g
e Comejo, J .
Secretar
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
EXHIBIT B
PROPOSED ADMINISTRATIVE BUDGET
January 1, 2016 through June 30, 2016
EXHIBIT B
Successor Agency of the Former Redeveolpment Agency of the City of Azusa
PROPOSED ADMINISTRATIVE BUDGET
January 1, 2016 to June 30, 2016
Administrative Allocation
Administrative Costs
Payee
Best Best & Krieger
Urban Futures
HdL Coren & cone
Iron Mountain
Lance Soll & Lunghard
Verizon Communication
Wells Fargo
Personnel:
Position
City Manager
Econ & Comm director
Finance Director
Senior Accountant
Assist. City Clerk
A/P Specialist
Sr. Admin. Technician
Payroll Specialist
Description
Agency Legal Counsel
Continuing Disclosures
Tax Increment Audit Services
Storage
Audit Services
Comm. Service -Reader Board
Trustee Admin Fees
Estimate
6,698
50,788
9,706
27,716
4,487
1,218
1,195
1,181
Estimate
20,000
9,250
3,416
1,080
10,000
870
4,500
102,989
$ 125,000
$ 152,104
Excess (Deficit) - Administrative Allocation $ (27,104)