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City Council Meeting 6-21-11 Santa Monica, California
RESOLUTION NO. 532 (RAS)
(REDEVELOPMENT AGENCY SERIES)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA ADOPTING ITS BUDGET FOR THE FISCAL YEAR 2011-12 AND
APPROVING ITS BUDGET FOR FISCAL YEAR 2012-13
WHEREAS, the proposed budget for the fiscal years 2011-12 and 2012-13 was
submitted to the Redevelopment Agency as directed by Section 33612 of the California
Health and Safety Cade; 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 fiscal year 2011-12 budget as submitted by the Executive
Director and revised by the Redevelopment Agency is hereby adopted. The fiscal year
2012-13 budget as submitted by the Executive Director and. revised by the
Redevelopment Agency is hereby approved. In adopting the Budget, the
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City Council Meeting 6-21-11 Santa Monica, California
RESOLUTION NO. (RAS)
(REDEVELOPMENT AGENCY SERIES)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA ADOPTING ITS BUDGET FOR THE FISCAL YEAR 2011-12 AND
APPROVING ITS BUDGET FOR FISCAL YEAR 2012-13
WHEREAS, the proposed budget for the fiscal years 2011-12 and 2012-13 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 fiscal year 2011-12 budget as submitted by the Executive
Director and revised by the Redevelopment Agency is hereby adopted. The fiscal year
2012-13 budget as submitted by the Executive Director and revised by the
Redevelopment Agency is hereby approved. In adopting the Budget, the
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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. Copies of the changes to the Proposed Budget are attached
hereto as Exhibits 2 and 3.
SECTION 2. The schedule attached hereto entitled "Fiscal Year 2011-13
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 2011-12 and fiscal year 2012-13 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..
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SECTION 4. In adopting the Budget, the Redevelopment Agency does hereby
re-appropriate the unencumbered balances and unexpended encumbrances of the
fiscal year 2010-11 Capital Improvements budget in an amount not to exceed
$216,428,946.
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:
MA HA S OUTRIE
At rney f the Redevelopment Agency
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EXHIBIT 1
FISCAL YEAR 2011-13 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
PROJECT AREA FY 2011-12 FY 2012-13
(FUND #) AMOUNT AMOUNT DESCRIPTION
Low/Moderate Income Housing (15)
$ 161,504 $
141,000
Total 15 Fund $
Downtown (16)
166,349 Lease payment for
development of 175 Ocean
Park Boulevard Housing
Project pursuant to
Payment Agreement of
May 8, 1984
141,000 Staff time, associated
benefit costs and bank
service fees
302,504 $ 307,349
130,842 $ 139,499 Staff time and associated
benefit costs
58,500 58,500 Grant to assist in
development of
low/moderate income
housing projects
4,572
4,610
Total 16 Fund $ 302,504 $ 307,349
Earthquake Recovery (17) (A) General Fund
$ 3,791,496 $
1,378,156
3,952,031
1,425,829
Total 17 Fund $ 302,504 $ 307,349
Administrative costs,
including contributions to
Self-Insurance funds, rent
fiscal agent fees,
conferences, meetings and
travel, bank service fees
and office supplies
Staff time and associated
benefit costs
Administrative costs,
including contributions to
Self-Insurance funds, rent
fiscal agent fees,
conferences, meetings and
travel, bank service fees
and office supplies
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EXHIBIT 1
FISCAL YEAR 2011-13 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
PROJECT AREA FY 2011-12 FY 2012-13
(FUND #) AMOUNT AMOUNT DESCRIPTION
Ocean Park (18)
$ 182,513 $ 153,763
58,500 58,500
Staff time and associated
benefit costs
Grant to assist in
development of
low/moderate income
housing projects
Administrative costs,
including contributions to
Self-Insurance funds, rent
fiscal agent fees,
conferences, meetings and
travel, bank service fees
and office supplies
21, 900 14,131
Total 18 Fund $ 262,913 $ 226,394
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Adopted and approved this 2155day of June, 2011.
Ri hard Bloom, Chair
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 532 (RAS) was duly adopted at a joint meeting of the
Santa Monica City Council and the Redevelopment Agency held on the 2155 day of
June, 2011, by the following vote:
Ayes:
Noes:
Absent:
Agency members: Holbrook, McKeown, O'Connor, O'Day,
Chair Bloom, Chair Pro Tem Davis
Agency members: Shriver
Agency members: None
ATTEST:
c~.~~'
Maria M. Stewart, ency Secretary