R-491
RESOLUTION NO. Jt2.L (RAS)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA APPROVING ITS BUDGET FOR THE FISCAL YEAR 2005-06
WHEREAS, the proposed budget for the fiscal year 2005-06 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, 2005-06"
(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
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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 schedules attached hereto as Exhibit B, entitled "Fiscal Year
2005-06 Schedule of Redevelopment Reimbursements to the General Fund and the Pier
Fund", constitutes the Redevelopment Agency's indebtedness in accordance with California
Health and Safety Code Sections 33670 ET. SEa. of Project Areas so indicated, and replaces
for fiscal year 2005-06 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 Treasurer 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
2004-05 Capital Improvements budget in an amount not to exceed $88,258,644.
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:
~~
Attorney for the Redevelopment Agency
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EXHIBIT B
FISCAL YEAR 2005-06 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND AND THE PIER FUND
PROJECT AREA (FUND #)
AMOUNT
DESCRIPTION
Low/Moderate Income HOU8in~
!rn
$
138.100 - lease payment for development of 175 Ocean Park
Boulevard Housing Project pursuant to Payment
Agreement of May 8, 1984.
1,000 - Bank service fees
139,100
Total 15 Fund
$
S
Downtown (16)
Total 16 Fund
81,900 - Staff time and associated benefits costs
500 - Redevelopment Agency member allowance
500 - Contribution to Workers' Compensation Self-Insurance
Fund
300 - Bank service fees
3,100 - Office supplies
700 - Rent
400 -- Conferences/meetings/travel
5.000 -- Contribution to Comprehensive Self-Insurance Fund
168.000 - Earthquake insurance on parking structures
60.500 - Community Corporation of Santa Monica grant for
development of low/moderate income housing projects
. 23.600 -- Fiscal agent fees
344,500
$
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EXHIBIT B
FISCAL YEAR 2005-06 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND AND THE PIER FUND
PROJECT AREA (FUND #)
Earthauake Recovery (17)
(A) General Fund
Sub-total General Fund
(B) Pier Fund
Sub-total for Pier Fund
Total 17 Fund
Ocean Park (18)
Total 18 Fund
- Staff time and associated benefits costs
Redevelopment Agency member allowance
Contribution to Workers' Compensation Self-Insurance
Fund
1,300 Bank service fees
3,900 - Telephone costs
8,400 - Office supplies
500 - Advertising
66,500 Rent
7,700 Conferences/meetings/travel
9,800 Membership and dues
20,000 Contribution to Comprehensive Self-Insurance Fund
35,000 Building and structure maintenance
500 Special departmental supplies
500 Books and pamphlets
163,800 - Professional services
64,000 - Legal expense
1,081,200
AMOUNT
692,300
1,500
5,500
$
$
$
38,500
38,500
$
1,119,700
89,900 -
500
500
200
3,000
800
400
4,200
60,500
DESCRIPTION
Economic development work done on behalf of the
Earthquake Recovery (17) Fund
Staff time and associated benefits costs
Redevelopment Agency member allowance
-- 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
16,200 - Fiscal agent fees
6,000 - Maintenance of public access area
$
182,200
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Adopted and approved this 21st day of June, 2005.
.
~m~
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 491 (RAS) was duly adopted at a joint meeting of the
Santa Monica City Council and the Redevelopment Agency held on the 21 lit day of
June, 2005, by the following vote:
Ayes: Agency members:
Bloom, Genser, Holbrook, McKeown, Shriver,
Chair O'Connor, Chair Pro Tern Katz
Noes: Agency members:
None
Abstain: Agency members:
None
Absent: Agency members:
None
ATTEST: