R-496
RESOLUTION NO. ~
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA APPROVING ITS BUDGET FOR THE FISCAL YEAR 2006-07
WHEREAS, the proposed budget for the fiscal year 2006-07 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, 2006-07"
(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 and Supplies and Expenses (including
Capital Outlay) major expenditure categories, Capital Improvements budget,
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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 schedules attached hereto as Exhibit B, entitled "Fiscal Year
2006-07 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 2006-07 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 Chief
Financial Officer 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 2005-06 Capital Improvements budget in an amount not to exceed $63,786,427.
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SECTION 5. The Secretary shall ce rtify to the adoption of this Resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
tqtie-
ent Agency
EXHIBIT B
FISCAL YEAR 2006-07 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND AND PIER FUND
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EXHIBIT B
FISCAL YEAR 2006-07 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND AND 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
919,266
1,500
3,900
1,300
4,000
8,600
500
82,900
7,900
10,000
31,500
150,000
500
500
182,900
65,700
$ 1,470,966
$ 44,200
$ 44,200
$ 1,515,166
AMOUNT
DESCRIPTION
Staff time and associated benefits costs
Redevelopment Agency member allowance
Contribution to Workers' Compensation Self-Insurance
Fund
-- Bank service fees
-- Telephone costs
Office supplies
-- 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
Economic development work done on behalf of the
Earthquake Recovery (17) Fund
$
103,400
500
400
200
3,100
800
400
5,700
62,000
16,600
6,100
199,200
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
Fiscal agent fees
Maintenance of public access area
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Adopted and approved this 20th day of June, 2006.
~~~
Robert T. Holbrook, Chair
I h~reby certify that the foregoing Resolution No. 496 (RAS) was duly adopted at
a joint meeting of the Santa Monica City Council and the Redevelopment Agency held
on the 20th day of June, 2006, by the following vote:
Ayes:
Agency members:
Genser, Katz, McKeown, O'Connor,
Chair Holbrook, Chair Pro Tern Shriver
Noes:
Agency members:
None
Abstain:
Agency members:
None
Absent:
Agency members:
Bloom
ATTEST:
~~.~~ ~~'o-1=
Maria M. Stewa ,Agency Secretary