R-451
FIN:CMD:BT-br:f:\finance\admin\stfrpts\resoraap.97
Redevelopment Agency Meeting: June 25, 1996 Santa Mon~ca, California
RESOLUT:ION NO. 451
(Redevelopment Agency Series)
A RESOLUT:ION OF THE REDEVELOPMENT AGENCY OF THE C:ITY OF SANTA MONICA
APPkOVING ITS BUDGET FOR THE FISCAL YEAR 1996-97
WHEREAS, the proposed budget for the fiscal year 1996-97 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, 1996-97" (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 operating appropriation,
cons~st~ng of Salaries and Wages, Suppl~es and Expenses, and Capital Outlay
major expend~ture categories, each program category of the capital
Improvements budget, and the revenue detail.
The Execut~ve Director is
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authorized to allot as appropriated
A copy of the Budget is attached
hereto as Exhibit A.
SECTION 2.
The schedule attached hereto entitled "Fiscal Year
1995-96 Redevelopment Reimbursement to the General Fund", constitutes
indebtedness in accordance with Callfornia Health and Safety Code Sectlons
33670 ET. SEQ. of Project Areas so indicated, and replaces for FY 1996-97,
Exhiblt 1 to the Reimbursement Agreement entered into between the
Redevelopment Agency and the Clty 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 avallable for use as
directed by Section 1505 of the Charter of said City.
SECTION 4
In adoptlng the Budget, the Redevelopment Agency does
hereby reapproprlate the unencumbered balances and unexpended encumbrances
of the 1995-96 Capltal Improvements budget in an amount not to exceed
$10,766,611.
SECTION 5. The Secretary shall certify to the adoption of thls
Resolutlon, and thenceforth and thereafter the same shall be in full force
and effect.
APPROVED AS TO FORM:
~~
City Attorney
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FISCAL YEAR 1996-97 REDEVELOPMENT REJ:MBURSEMENT TO THE GENERAL FOND
EXHIBIT 1
PROJECT AREA (FUND #) AMOUNT DESCRIPTION
Low/MOderate Income Hous1ng(15} $ 114,748 - payment for development of 175 Ocean
Park Boulevard Housing proJect
pursuant to Payment Agreement of May
8,1984.
Total 15 Fund
Downtown (16)
Total 16 Fund
Earthquake Recovery (17)
Total 17 Fund
Ocean Park (18)
Total 18 Fund
f \f~nance\ad~1n\stfrpts\sradopt 97
$ 114,748
784 - Redevelopment Agency Member allowance
17,441 - Staff time and associated benef1ts
costs.
2,700 - Off1ce supplles
3,897 - ContrJ.bution to Comprehensive Self-
Insurance Fund.
182,500 ~ Earthquake lnsurance on parking
structures.
5,500 - Professional services
5,148 - Relocation payments
26,429 - F1scal agent fees
$ 244,399
980 - Redevelopment Agency member allowance
170,441 ~ Staff t1me and associated benefits
costs.
2,000 - Office suppl1es
122,700 - Profess1onal serV1ces
30,000 - Legal expense
$ 326,121
686
17,452
~ Redevelopment Agency Member allowance
~ Staff tJ.me and assoc1ated benefits
costs
- Off1ce supplles
- Contr1butlon to Comprehens1ve Self~
Insurance Fund
- Profess1onal serv1ces
- Fiscal agent fees
- Ma1ntenance of publ1c access area
- Commun1ty corporation of Santa Mon1ca
grant for development of low/moderate
lncome hOUS1ng proJects.
2,400
2,821
4,800
18,145
5,085
235,040
$286.429
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Adopted and approved thiS 25th day of June, 1996
dJ~~
ChaIr
I hereby certIfy that the foregomg ResolutIOn No 451 (Ri\S) was duly adopted at a
meetmg of the Redevelopment Agency held on the 25th day of June, 1996 by the follO\.vmg vote
Ayes
Agency Member
Abdo, Genser, Greenberg, Holbrook. O'Connor.
Rosenstem
Noes
Agency Member
~one
Abstam
Agency Member
None
Absent
Agency Member'
Ebner
ATTEST
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~~. i~n.d-
Secretfuy