HomeMy WebLinkAboutResolution No. 2017-OB05Q�l
RESOLUTION NO.2017-OB05
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 19 2017
THROUGH JUNE 309 2018 PURSUANT TO AB xl 26 AS AMENDED BY
AB 1484
WHEREAS, Health and Safety Code Section 34177(J), enacted by AB x1 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, 2017 through June 30,
2018. 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,
2017 through June 30, 2018. 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 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.
i�
APPROVED AND ADOPTED THIS 8th day of February, 2017.
s
Robert Gonzales, C airperson
Oversight Board
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
ATTEST:
rVersight
r a e Cornejo, Jr Secre oard
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
/A�
I HEREBY CERTIFY that the foregoing Resolution No. 2017-OB05 was duly adopted
by the Board Members of the Oversight Board of the City of Azusa at a special meeting thereof
on the 8`h day of February 2017, by the following vote of Board Members:
AYES: BOARD MEMBERS: GONZALES, BARBOSA, HERNANDEZ, JOHNSON,
DICKERSON, VILLA
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: ROMERO
J f y a ce Cornejo, ., Sec to
versight oard
Successor Agency to the Former Redevelopment Agency
of the City of Azusa
(00.)(10"')
EXHIBIT B
PROPOSED ADMINISTRATIVE BUDGET
July 1, 2017 through June 30, 2018
r4o�
Successor Agency of the Former Redeveolpment Agency of the City of Azusa
PROPOSED ADMINISTRATIVE BUDGET
July 1, 2017 to June 30, 2018
Administrative Allocation $ 250,000
Administrative Costs
Vendor
Description
Estimate
Best Best & Krieger
Agency Legal Counsel
$75,000
Arbitrage Compliance Specialists Arbitrage calculations
2,500
Urban Futures
Continuing Disclosures
5,750
HdL Coren & cone
Tax Increment Audit Services
7,000
Dukes Landscaping
Weed abatement/treatment
5,500
Iron Mountain
Storage
2,400
Lance Soll & Lunghard
Audit Services
10,000
Verizon Communication
Comm. Service -Reader Board
1,860
Azusa Light & Water
Reader Board -Electrical
9,900
Wilmington Trust
Trustee Admin Fees
7,000 $126,910
Personnel:
Position
Estimate
City Manager
$13,730
Econ & Comm director
101,789
Finance Director
20,119
Senior Accountant
54,993
Assist. City Clerk
10,244
A/P Specialist
2,591
Executive Asst
2,576
Payroll Specialist
2,452 208,493 335,403
Excess (Deficit) - Administrative Allocation $ (85,403)