R-475
FI N :CM D: br/f:\finance\budget\obbud rev\0203\finalchg\sradopt. wpd
Redevelopment Agency Meeting: June 18, 2002 Santa Monica, California
RESOLUTION NO. 475 (RAS)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA APPROVING ITS BUDGET FOR THE FISCAL YEAR 2002-03
WHEREAS, the proposed budget for the fiscal year 2002-03 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, 2002-03"
(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
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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
2002-03 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 2002-03 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 reappropriate the unencumbered balances and unexpended encumbrances of the
fiscal year 2001-02 Capital Improvements budget in an amount not to exceed $31,649,027.
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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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EXHIBIT B
FISCAL YEAR 2002-03 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL AND PIER FUNDS
PROJECT AREA (FUND #)
AMOUNT
DESCRIPTION
Low/Moderate Income Housing (15) $
$
Total 15 Fund $
132,000 -- Lease payment for development of 175 Ocean Park
Boulevard Housing Project pursuant to Payment
Agreement of May 8, 1984.
1,000 -- Bank service fees
133,000
Downtown (16)
500 -- Redevelopment Agency member allowance
70,100 -- Staff time and associated benefits costs
3,100 -- Office supplies
300 -- Contribution to Workers' Compensation Self-Insurance
Fund
2,600 -- Contribution to Comprehensive Self-Insurance Fund
124,300 -- 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 $ 286,400
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EXHIBIT B
FISCAL YEAR 2002-03 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL AND PIER FUNDS
PROJECT AREA (FUND #)
Earthquake 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 $
AMOUNT
1,500
500,800
2,800
3,800
7,000
1,300
500
66,500
7,700
9,800
8,700
50,000
500
500
188,400
70,000
919,800
$
DESCRIPTION
-- Redevelopment Agency member allowance
-- Staff time and associated benefits costs
-- Contribution to Workers' Compensation Self-Insurance
Fund
-- Telephone costs
-- Office supplies
-- Bank 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
20,600 -- Economic development work done on behalf of the
Earthquake Recovery (17) Fund
20,600
940,400
500
75,400
300
200
3,000
800
400
2,200
-- 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
60,500 -- Community Corporation of Santa Monica grant for
development of low/moderate income housing projects
16,200
6,000
165,500
-- Fiscal agent fees
-- Maintenance of public access area
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Adopted and approved this 18th day of June, 2002.
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I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby
certify that the foregoing Resolution No. 475 (RAS) was duly adopted at a joint
meeting of the Santa Monica City Council and the Redevelopment Agency held
on the 18th day of June, 2002, by the following vote:
Ayes: Agency members:
Holbrook, O'Connor, Bloom, Genser, Katz,
Chair Pro Tem McKeown, Chair Feinstein
Noes: Agency members:
None
Abstain: Agency members:
None
Absent: Agency members:
None
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ATTEST:
1. ,~~) -~J-
Maria M. Stewart \
Secretary