R-460
FIN.CMD sd/f \finance\budget\obbudrev\9900\finalchg\sradopt wpd
Redevelopment Agency Meeting June 22, 1999
Santa MonIca, Callforma
RESOLUTION NO. 460 (RAS)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
APPROVING ITS BUDGET FOR THE FISCAL YEAR 1999-00
WHEREAS, the proposed budget for the fiscal year 1999-00 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 Momca, Proposed Budget, 1999-00" (Budget), IS
hereby approved and adopted In adoptmg the Budget, the Redevelopment Agency mtends to, and
by thrs SectIon does, adopt and approve the total operating appropriation, conslstrng of Salaries and
Wages, Supplies and Expenses, and CapItal Outlay major expenditure categories, each program
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category of the 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 "F,scal Year 1999-00 Schedule of
Redevelopment Reimbursements to the General and Pier Fund", constItutes mdebtedness In
accordance with California Health and Safety Code Sections 33670 ET SEQ of Project Areas so
indIcated. and replaces for fiscal year 1999-00, ExhIbit 1 to the ReImbursement Agreement entered
mto 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
Fmance/Clty 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
reappropnate the unencumbered balances and unexpended encumbrances of the fiscal year
1998-99 CapItal Improvements budget rn an amount not to exceed $19,164,599
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
/)jMA~/i.q
MARSHA jo~ MOUTRJE
CIty Attorney
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FISCAL YEAR 1999-00 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL AND PIER FUNDS
PROJECT AREA IFUND #) AMOUNT DESCRIPTION
Low/Moderate Income Housing (15) $ 122,400 -- Lease payment for development of 175 Ocean
Park Boulevard Housing Project pursuant to
Payment Agreement of May 8,1984
Total 15 Fund $ 122,400
Downtown (16) 500 -- Redevelopment Agency member allowance
42,900 -- Staff time and associated benefits costs
3,000 -- Office supplies
100 -- Contribution to Workers' Compensallon Self-
Insurance Fund
600 -- Rent
300 -- Conferences/meetings/travel
1,900 -- Contnbullon to Comprehensive Self-Insurance
Fund
113,000 -- Earthquake Insurance on parking structures
5,600 -- Relocation payments
114,400 -- Commumty Corporation of Santa Momca grant for
development of low/moderate Income hOUSing
projects
22,500 -- Fiscal agent fees
Total 16 Fund $ 304,800
Earthquake Recovery (17)
(A) General Fund 1,500 -- Redevelopment Agency member allowance
379,900 -- Staff time and assOCiated benefits costs
3,600 -- Telephone costs
3,800 -- Office supplies
1,100 -- Contribution to Workers' Compensation Self-
Insurance Fund
15,400 -- Rent
5,100 -- Conferenceslmeetlngsltravel
4,400 -- Contribution to ComprehenSive Self-Insurance
Fund
3,200 -- Membership and dues
510,000 -- ProfeSSional services
70,000 -- Legal expense
600 -- Furmture
34,500 -- Consulting services to Identify bUIldings reqUIring
seismic retrofit
2,400 -- Computer equipment
Sub-total General Fund $ 1,035,500
(B) Pier Fund $ 71,800 .- Economic development work done on behalf of the
17 fund
Sub-total for Pier Fund $ 71,800
Tot3.I17 Fund $ 1,107,300
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FISCAL YEAR 1999-00 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL AND PIER FUNDS
PROJECT AREA IFUND #1
. .
Ocean Park (18)
Total 18 Fund
AMOUNT
500
48.000
200
2,600
600
300
1,600
114.400
15.500
5.700
$ 189,400
DESCRIPTION
-- Redevelopment Agency member allowance
-- Staff time and associated benefits costs
-- Contribution to Workers' Compensation Self-
Insurance Fund
-- Office supplies
-- Rent
-- Conferences/meetings/travel
-- Contribution to Comprehensive Self-Insurance
Fund
-- Commumty Corporation of Santa Monica grant for
development of low/moderate Income housing
projects
-- Fiscal agent fees
-- Maintenance of public access area
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Adopted and approved this 22nd of June, 1999
~ ~vt1M-
F ~~~ o'c':mor, Chair
I hereby certify that the foregoing Resolution No 460 (RAS) was duly adopted at
a meeting of the Redevelopment Agency held on the 22nd of June, 1999, by the
following vote
Ayes Agency Members Feinstein, McKeown, Rosenstem. Holbrook, Bloom,
Chair Pro Tem Genser. Chair O'Connor
Noes Agency Members None
Abstam Agency Members None
Absent Agency Members None
ATTEST
~,,~
Marla M Stewart, Agency Secretary
~ Mona Miyasato X s7lf.5
'.... .....- Senior Adm/n'stratw~ Ana/)'S!
J HOUSIng and Red@'IJelOPfnent DIVISIon
Redevelopment Agency
2121 Cloverfleld Blvd, SUite 100
Santa M.onlca
CA 90404
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