R-487
f: \fi na nce \budget\obbud rev\0405\fi na Ichange \staffreport\Attach ment F3. d oc
Redevelopment Agency Meeting: June 15, 2004 Santa Monica, California
RESOLUTION NO. 487 (RAS)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA APPROVING ITS BUDGET FOR THE FISCAL YEAR 2004-05
WHEREAS, the proposed budget for the fiscal year 2004-05 was submitted to the
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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
WH EREAS, 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, 2004-05" (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, consisting of Salaries and
Wages, Supplies and Expenses, and Capital Outlay major expenditure categories, each program
category of the Capital Improvements budget, and the revenue detail. The Executive Director is
authorized to allot as appropriated. A copy of the Budget is attached hereto as Exhibit A.
SECTION 2. The schedule attached hereto as Exhibit B entitled "Fiscal Year 2004-05
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 2004-05 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 re-
appropriate the unencumbered balances and unexpended encumbrances of the fiscal year 2003-04
Capital Improvements budget in an amount not to exceed $39,051,959.
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:
AGENCY COUNSEL
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EXHIBIT B
FISCAL YEAR 2004-05 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL AND PIER FUNDS
PROJECT AREA (FUND #) AMOUNT DESCRIPTION
Low/Moderate Income Housing (15) $ 135,100 -- Lease payment for development of 175 Ocean
Park Boulevard Housing Project pursuant to
Payment Agreement of May 8, 1984.
$ 1,000 -- Bank service fees
Total 15 Fund $ 136,100
Downtown (16) 500 -- Redevelopment Agency member allowance
76,867 -- Staff time and associated benefits costs
3,100 -- Office supplies
500 -- Contribution to Workers' Compensation Self-
Insurance Fund
....., 3,600 -- Contribution to Comprehensive Self-Insurance
Fund
160,033 -- Earthquake insurance on parking structures
300 -- Bank service fees
700 -- Rent
400 -- Conferences/meetings/travel
60,500 -- Community Corporation of Santa Monica grant
for development of low/moderate income housing
projects
23,600 -- Fiscal agent fees
Total 16 Fund $ 330,100
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EXHIBIT B
FISCAL YEAR 2004-05 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL AND PIER FUNDS
PROJECT AREA (FUND #)
AMOUNT
Earthquake Recovery (17)
(A) General Fund
1,500
627,200
5,000
3,900
7,700
1,300
500
66,500
7,700
9,800
14,100
Sub-total General Fund $
500
500
156,800
64,000
967,000
DESCRIPTION
-- Redevelopment Agency member allowance
-- Staff time and associated benefits costs
-- Contribution to Workers' Compensation Self-Insurance Fund
-- Telephone costs
-- Office supplies
-- Ban k service fees
-- Advertising
-- Rent
-- Conferences/meetings/travel
-- Membership and dues
-- Contribution to Comprehensive Self-Insurance Fund
-- Building and structure maintenance
-- Special departmental supplies
-- Books and pamphlets
-- Professional services
-- Legal expense
(B) Pier Fund
$
44,300 -- Economic development work done on behalf of the
Earthquake Recovery (17) Fund
Sub-total for Pier Fund $ 44,300
Total 17 Fund $ 1,011,300
Ocean Park (18)
500
84,200
500
200
3,000
800
400
3,100
60,500
Total 18 Fund $
16,200
6,000
175,400
-- Redevelopment Agency member allowance
-- Staff time and associated benefits costs
-- Contribution to Workers' Compensation Self-Insurance Fund
-- Bank service fees
-- Office supplies
-- Rent
-- Conferences/meetings/travel
-- Contribution to Comprehensive Self-Insurance Fund
-- Community 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 15th day of June, 2004.
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I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 487 (RAS) was duly adopted at a joint meeting of the
Santa Monica City Council and the Redevelopment Agency held on the 15th day of
June, 2004, by the following vote:
Ayes: Agency members:
Chair Bloom, Chair Pro Tem McKeown,
Feinstein, Genser, O'Connor, Holbrook, Katz
Noes: Agency members:
None
Abstain: Agency members:
None
Absent: Agency members:
None
A TIEST:
~.~-
Maria M. Stewart, Ag cy Secretary
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