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R-468 (2) FIN CMD rah/f \flnance\budget\obbudrev\0001\finalchg\sradopt wpd Redevelopment Agency Meeting June 20, 2000 Santa MOnica, CalifornIa RESOLUTION NO. 468 (RAS) (Redevelopment Agency Series) A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA APPROVING ITS BUDGET FOR THE FISCAL YEAR 2000-01 WHEREAS, the proposed budget for the fiscal year 2000-01 was submitted to the Redevelopment Agency as directed by Section 33612 of the CalifornIa Health and Safety Code, and WHEREAS, the Redevelopment Agency held a public hearing on said budget after a notice of said budget hearing was published not less than ten (10) days prior thereto, and WHEREAS, after said public hearing, the Redevelopment Agency conSIdered further Its proposed budget, NOW THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA RESOLVES AS FOLLOWS SECTION 1 The budget as submitted by the Executive DIrector and revised by the Redevelopment Agency, entitled "City of Santa MOnica, Proposed Budget, 2000-01" (Budget), IS hereby approved and adopted In adoptmg the Budget, the Redevelopment Agency Intends to, and by thiS Section does, adopt and approve the total operating apprOpriation, consisting of Salaries and Wages, Supplies and Expenses, and Capital Outlay -1- major expenditure categories, each program category ofthe Capital Improvements budget, and the revenue detaIl The ExecutIve DIrector IS authonzed to allot as appropnated A copy of the Budget IS attached hereto as Exhibit A SECTION 2 The schedule attached hereto entitled "Fiscal Year 2000-01 Schedule of Redevelopment Reimbursements to the General and Pier Fund", constitutes Indebtedness In accordance with CalifornIa Health and Safety Code Sections 33670 ET SEQ of Project Areas so indicated, and replaces for fiscal year 2000-01, ExhibIt 1 to the ReImbursement Agreement entered Into between the Redevelopment Agency and the City on November 22, 1994 SECTION 3 A certified copy of the Budget shall be filed with the Director of Finance/City Controller and with the City Clerk, and certIfIed copIes of the Budget shall be reproduced and made available for use as directed by Section 1505 of the Charter of said City SECTION 4 In adopting the Budget, the Redevelopment Agency does hereby reappropriate the unencumbered balances and unexpended encumbrances of the fiscal year 1999-00 Capita/Improvements budget rn an amount not to exceed $17,123,300 SECTION 5 The Secretary shall certify to the adoption of thIs Resolution, and thenceforth and thereafter the same shall be In full force and effect APPROVED AS TO FORM n,1U~~Lh4IM~ MAksHA JON~ MOUTRtE - City Attorney -2- Adopted and approved this 20th day of June, 2000 ~r- -- I hereby certify that the foregomg Resolution No 468 (RAS) was duly adopted at a jOint meeting of the CIty CouncIl, the Housing Authority, the Parking Authority and the Redevelopment Agency held on the 20th day of June, 2000, by the follOWing vote Ayes Agency Member: Holbrook, Rosenstein, McKeown, Feinstein, Bloom, Chair Pro Tem O'Connor, Chair Genser Noes' Agency Member None Abstain Agency Member None Absent Agency Member None ATTEST ~cr~ FISCAL YEAR 2000-01 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS TO THE GENERA'" ,AND PIER FUNDS PROJECT AREA (FUND #1 "MOUNT DESCRIPTION ~ ~ Low/Moderate Income Housmg (15) $ 124.800 -- Lease payment for development of 175 Ocean Park Boulevard Housmg Project pursuant to Payment Agreement of May 8, 1984 $ 1,000 -- Bank service fees Total 15 Fund $ 125,800 Downtown (16) 500 -- Redevelopment Agency member allowance 66,150 -- Staff time and associated benefits costs 3,000 -- Office supplies 2,450 -- Contribution to Workers' Compensation Self- Insurance Fund 300 -- Bank service fees 600 -- Rent 300 -- Conferences/meetmgsftravel 113,000 -- Earthquake msurance on parking structures 5.700 -- Relocation payments 59,000 -- Community Corporation of Santa MOnica grant for development of low/moderate Income houslOg projects 23,000 -- Fiscal agent fees Total 16 Fund $ 274,000 FISCAL YEAR 2000-01 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS TO THE GENERAL AND PIER FUNDS PROJECT ,AREA (FUND #1 AMOUNT DESCRIPTION Earthquake Recovery (17) (A) General Fund 1.500 -- Redevelopment Agency member allowance 421,000 -- Staff time and associated benefits costs 3,700 -- Telephone costs 4,800 -- Office supplies 1,300 -- Bank service fees 7,600 -- Contnbutlon to Workers' Compensation Self- Insurance Fund 1,000 -- Advertising 16,300 -- Rent 6,700 -- Conferences/meetings/travel 6.000 -- Membership and dues 500 -- Special departmental supplies 500 -- Books and pamphlets 178,800 -- ProfeSSional services 70,000 -- Legal expense Sub-total General Fund $ 719,700 (B) Pier Fund $ 83.900 -- Economic development work done on behalf of the 17 fund Sub-total for Pier Fund $ 83.900 Total 17 Fund $ 803,600 Ocean Park (18) 500 -- Redevelopment Agency member allowance 71,000 -- Staff time and associated benefits costs 2,000 -- Contnbutlon to Workers' Compensation Self- Insurance Fund 200 -- Bank service fees 2,800 -- Office supplies 600 -- Re nt 300 -- Conferences/meetings/travel 59,000 -- Community Corporation of Santa Monica grant for development of low/moderate Income housing projects 15,800 -- Fiscal agent fees 5,900 -- Maintenance of public access area Total 18 Fund $ 158,100