HomeMy WebLinkAboutResolution No. OB-3-2016RESOLUTION NO. OB -3-2016
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 JULY 1, 2016
THROUGH JUNE 30, 2017 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") an annual
proposed administrative budget ("Budget") that commences on July 1, 2016 through June 30,
2017. 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
July 1, 2016 through June 30, 2017. 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 27th day of January, 2016.
a_.
RoberTOonzales, Qleirperson
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
ATTEST:
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Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
I HEREBY CERTIFY that the foregoing Resolution No. OB -3-2016 was duly adopted
by the Board Members of the Oversight Board of the City of Azusa at a regular meeting thereof
on the 27th day of January 2016, by the following vote of Board Members:
AYES: BOARD MEMBERS: BARBOSA, DICKERSON, PARAGAS, GONZALES
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: ROMERO, HERNANDEZ
i0rey,f-ayoknce Come o Se et
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
EXHIBIT B.
PROPOSED ADMINISTRATIVE BUDGET
July 1, 2016 through June 30, 2017
EXHIBIT B
Successor Agency of the Former Redeveolpment Agency of the City of Azusa
PROPOSED ADMINISTRATIVE BUDGET
July 1, 2016 to June 30, 2017
Administrative Allocation
$ 250,000
Administrative Costs
$ 311,515
Payee
Description
Estimate
Best Best & Krieger
Agency Legal Counsel
$40,000
Arbitrage Compliance specialists
Arbitrage calculations
3,500
Urban Futures
Continuing Disclosures
9,250
HdL Coren & cone
Tax Increment Audit Services
6,831
Dukes Landscaping
Weed abatement/treatment
4,400
Iron Mountain
Storage
2,208
Lance Soil & Lunghard
Audit Services
20,000
Verizon Communication
Comm. Service -Reader Board
1,848
Azusa Light & Water
Reader Board -Electrical
10,500
Wilmington Trust
Trustee Admin Fees
7,000
Personnel:
205,978
Position
Estimate
City Manager
$13,396
Econ & Comm director
101,575
Finance Director
19,412
Senior Accountant
55,431
Assist. City Clerk
8,974
NP Specialist
2,436
Executive Asst
2,390
Payroll Specialist
2,363
Excess (Deficit) - Administrative Allocation $ (61,515)