R-509ATTACHMENT E3
RESOLUTION NO. 509 (xns)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA APPROVING ITS BUDGET FOR THE FISCAL YEAR 2008-09
WHEREAS, the proposed budget forthe fiscal year 2008-09 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, 2008-09"
(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,
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
2008-09 Schedule of Redevelopment Reimbursements to the General Fund", constitutes
the Redevelopment Agency's indebtedness in accordance with California Health and
Safety Code Sections 33670 ET. SEQ. of Project Areas so indicated, and replaces for
fiscal year 2008-09 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 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 RedevelopmentAgency does hereby
re-appropriate the unencumbered balances and unexpended encumbrances of the fiscal
year 2007-08 Capital Improvements budget in an amount not to exceed $103,136,754.
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:
MAR A JONE . ~ 10UTRIE
Attorney for the development Agency
FISCAL YEAR 2008-09 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
PROJECT AREA (FUND #1 AMOUNT
Low/Moderate Income Housina
!~
S 149,200 -- Lease payment for development of 175 Ocean Park
Boulevard Housing Project pursuant to Payment
Agreement of May 8, 1984.
5 741,000 -- Staff time, associated benefit costs and bank service
fees
Downtown t16)
Tota115 Fund $ 290,200
86,080 - - Staff time and associated benefit costs
500 - - Redevelopment Agency member allowance
200 - - Contribution to Workers' Compensation Self-Insurance
Fund
300 - - Bank service fees
3,400 - - Office supplies
700 - - Rent
400 - - Conferenceslmeetingsltravel
8,700 - - Contribution to Comprehensive Self-Insurance Fund
210;000 - - Earthquake insurance on parking structures
65,300 - - Community Corporation of Santa Monica grant for
development of low/moderate income housing projects
25 500 -- Fiscal agent fees
Total 16 Fund $ 491,080
FISCAL YEAR 2008-09 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
PROJECT AREA (FUND #) AMOUNT DESCRIPTION
Earthquake Recovery 117)
(A) General Fund
1,175,780 - Staff time and associated benefits costs
1,500 - Redevelopment Agency member allowance
1,500 - Contribution to Workers' Compensation Self-Insurance Fund
1,300 - Bank service fees
4,200 - Telephone costs
11,100 - Office supplies
500 - Advertising
327,416 -. Rent
.8,444 - Conferences/meetings/travel
14,604 - Membership and dues
28;940 - Contribution to Comprehensive Self-Insurance Fund
190,400 - Building and structure maintenance
540 - Special departmental supplies
544 - Books and pamphlets
414,300 - Professional services
69,340 - Legal expense
30,404 Training
100.044 Community Corp of Santa Monica
Total 17 Fund $ 2,331,776
FISCAL YEAR 2008-09 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
Ocean Park (18)
108,080
600
200
200
3,300
800
490
6,000
86,300
17,600
6,400
Tota118 Fund $ 208,880
Staff time and associated benefits costs
Redevelopment Agency member allowance
Contribution to Workers' Compensation Self-Insurance Fund
Bank service fees
Office supplies
Rent
Co nfere nceslm eetin gs/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
Adopted and approved this 17th day of June, 2008.
J
Her atz, ~~ hair ~, d
I hereby certify that the foregoing Resolution No. 509 (RAS) was duly adopted at
a joint meeting of the Santa Monica City Council and the Redevelopment Agency held
on the 17th day of June, 2008, by the following vote:
Ayes: Agency members: Genser, Holbrook, McKeown, O'Connor
Chair Pro Tem Bloom, Chair Katz
Noes: Agency members: None
Abstain: Agency members: None
Absent: Agency members: Shriver
ATTEST:
Maria M. Stewart, A ency Secretary