R-448
FIN:CMD:BT:kf\cafrtemp\obbudrev\misc9596\resoraap.96
Redevelopment Agency Meetlng. June 20, 1995 Santa Monica, Callfornla
RESOLUTION NO. 446
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
APPROVING ITS BUDGET FOR THE FISCAL YEAR 1995-96
WHEREAS, the proposed budget for the fiscal year 1995-96 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 publlC hearing on sald
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
consldered 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
revlsed by the Redevelopment Agency, entitled 11 City of Santa Monica,
Proposed Budget, 1995-96" {Budget}, is hereby approved and adopted. In
adopting the Budget, the Redevelopment Agency intends to, and by this
Section does, adopt and approve the total operatlng appropriatlon,
conslstlng of Salaries and Wages, Supplles and Expenses, and Capital Outlay
major expenditure categories, each program category of the Capital
Improvements budget, and the revenue detail.
The Executive Director is
- 1 -
authorized to allot as appropriated
A copy of the Budget lS attached
hereto as Exhiblt A.
SECTION 2.
The schedule attached hereto entitled "Fiscal Year
1995-96 Redevelopment Reimbursement to the General Fund", constitutes
indebtedness in accordance with California Health and Safety Code Sections
33670 ET. SEQ. of Project Areas so indicated, and replaces for FY 1995-96,
Exhiblt 1 to the Reimbursement Agreement entered lnto between the
Redevelopment Agency and the C~ty on November 22, 1994.
SECTION 3. A certified copy of the Budget shall be filed with the
Director of Finance/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 reappropriate the unencumbered balances and unexpended encumbrances
of the 1994-95 Capital Improvements budget in an amount not to exceed One
Million Nlne Hundred Seventy-Nine Thousand Three Hundred Dollars
($1,979,300) .
SECTION 5. The Secretary shall certify to the adoption of thlS
Resolution, and thenceforth and thereafter the same shall be in full force
and effect.
APPROVED AS TO FORM:
}~~ (L1.~Ju Cl{--k-4
MARSHA JOm1s MOUTRIE
City Attorney
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_&
Adopted and approved tills 20th of June, 1995
dJ~
Mayor
I hereby certIfy that the foregomg ResolutIOn 448 (RAS) was duly adopted at a meetmg
of the City Council held on the 20th of June, 1995 by the followmg vote
Ayes
Council members
Abdo, Genser, Greenberg, Holbrookp'Connor, Rosenstem
Noes
CouncIl members
None
AbstaIn
CouncIl members
Ebner
Absent
CouncIl members
None
ATTEST
MJ~
/ /~ {J
City Clerk
EXHIBIT 1
FISCAL YEAR 1995-96 REDEVELOPMENT REIMBURSEMENT TO THE GENERAL FUND
PROJECT AREA (FUND #) AMOUNT DESCRIPTION
Low/Moderate Income Hous1ng(15) $ 111,950 - Payment for development of 175 Ocean
Park Boulevard HOUS1ng Project
pursuant to payment Agreement of May
8,1984.
Total 15 Fund $ 115,950
Downtown (16)
$ 1,218 - Redevelopment Agency Member allowance
4,640 - Office supplies
4,218 - Contribution to Comprehensive Self~
Insurance Fund.
146,000 - Earthquake insurance on
parking structures
2,900 - Professional services
1,287 - Relocation payments
37,700 - Fiscal agent fees
104,825 - Commun1ty Corporatlon of Santa
Monica grant for development of
low/moderate lncome hous1ng projects.
Total 16 Fund $ 302,788
Earthquake Recovery (17)
$ 15,437 -Staff costs
140,000 - Various professional services
33,055 -Var1ous specialized legal serVlces
26,480 - Work performed by City housing staff
of benefit to this proJect area
400,000 -Reimbursement to General Fund for
bond issuance costs
400,000 - Cash advance to the Redevelopment
Agency for Project Area operations by
the General Fund in FY1994-95.
600,000 - Cash advance to the Redevelopment
Agency for ProJect Area operations by
the General Fund ln FY1995-96.
Total 17 Fund $1,614.972
Ocean Park (18)
$ 882 - Redevelopment Agency Member allowance
3,360 - Off1ce supplies
3,055 - Contribution to CoroprehenSlve Self-
Insurance Fund
2,100 - Professional services
27,300 - F1scal agent fees
4,961 - Maintenance of public access area
104,824 - Community Corporat1on of Santa Monlca
grant for development of low/moderate
1ncome housing projects.
Total 18 Fund $
146.482
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