R-453
FIN"CMD BT f"\finance\admln\stfrpts\resoraap 98
Redevelopment Agency Meeting June 24, 1997
Santa Momca, California
RESOLUTION NO. 453
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
APPROVING ITS BUDGET FOR THE FISCAL YEAR 1997-98
WHEREAS, the proposed budget for the fiscal year 1997-98 was submitted to the
Redevelopment Agency as directed by Section 33612 ofthe Califorma Health and Safety Code, and
WHEREAS, the Redevelopment Agency held a public heanng on said budget after a
notice of said budget heanng was published not less than ten (10) days pnor thereto; and
WHEREAS. after said pubhc heanng, 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. 1997-98" (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 appropnatlon, consisting of Salanes and
Wages, Supplies and Expenses, and CapItal Outlay major expenditure categones, each program
category of the Capital Improvements budget, and the revenue detal' The Executive 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 1997-98
Redevelopment ReImbursement to the General Fund", constitutes mdebtedness in accordance wIth
California Health and Safety Code Sections 33670 ET SEQ of Project Areas so mdlcated, and
replaces for fiscal year 1997-98, 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
Finance/CIty Controller and wIth the CIty Clerk, and certIfied caples 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
1996-97 Capital Improvements budget In an amount not to exceed $11,235,258
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
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f '~.dJ./.JLk-nvL<J ~u-t
MARSHA JONES MOUTRIE
CIty Attorney
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EXHIBIT 1
FISCAL YEAR 1997-98 REDEVELOPMENT REJMBURSEMENT TO THE GENERAL FUND
PROJECT AREA {FUND #l
AMOUNT
DESCRIPTION
Low/Moderate Income Houslng(15)
$ 117,502 - Lease payment for development of 175 Ocean
Park Boulevard Housing Project pursuant to
Payment Agreement of May 8,1984
Total 15 Fund
$ 117.502
Downtown (16)
800 - Redevelopment Agency member allowance
31,446 - Staff time and associated benefits costs
2,902 - Office supplies
98 - Contnbutlon to Workers' Compensation Self-
Insurance Fund
600 - Rent
315 - Conferences/meetings/travel
2,935 - Contribution to Comprehensive Self-Insurance
Fund
180,000 - Earthquake insurance on parking structures
5,500 - Professional servIces
5,277 - Relocation payments
109,773 - Community CorporatIon of Santa MOnica grant
for development of low/moderate Income
housing projects
22,541 - Fiscal agent fees
Total 16 Fund
$ 362 187
Earthquake Recovery (17)
950 - Redevelopment Agency member allowance
110,471 - Staff time and associated benefits costs
2,150 - Office supplies
583 - Contribution to Workers' Compensation Self-
Jnsurance Fund
3,600 - Rent
1,890 - Conferences/meetings/travel
121,500 - ProfessIonal services
30,000 - Legal expense
Total 17 Fund
$ 271.144
PROJECT AREA (FUND #\
AMOUNT
Ocean Park (18)
700
31,446
98
2,580
600
315
2,125
6,500
109,774
Total 18 Fund
15.459
5,212
$174.809
f \finance\admln\stfrpts\sradopt 98
DESCRIPTION
- Redevelopment Agency member allowance
- Staff time and assocIated benefits costs
- Contribution to Workers' Compensation Self-
Insurance Fund
- Office supplies
- Rent
- Conferenceslmeetingsltravel
- Contribution to Comprehensive Self-Insurance
Fund
- Professional services
- Community Corporation of Santa MOnica grant
for development of low/moderate Income
housIng projects
- Fiscal agent fees
- Maintenance of public access area
Adopted and approved tills 24th day of June. 1997
~~~nno'.~
I hereby certify that the foregomg ResolutIon Ko 453 (RAS) was duly adopted at a
meetIng of the Redevelopment Agency held on the 24th day of June. 1997 by the follovv'lng vote
Aves
Agency Member
Ebner, Femstem. Genser. Greenberg. Holbrook. O'Connor,
Rosenstem
Koes
Agency Member
None
Abstam
Agency Member
None
Absent
Agency Member
None
ATTEST
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