r-8 (2)City Council Meeting 6 -12 -12
RESOLUTION NO. F (54,S)
)
(SUCCESSOR AGENCY SERIES)
ATTACHMENT D3
Santa Monica, California
A RESOLUTION OF THE SANTA MONICA REDEVELOPMENT SUCCESSOR
AGENCY ADOPTING ITS BUDGET FOR JULY 2012 — JUNE 2013
WHEREAS, pursuant to the California Community Redevelopment Law (Health and
Safety Code Section 33000 et seq.) (the "Redevelopment Law "), the City Council of the City of
Santa Monica (the "Council') adopted the Earthquake Recovery Redevelopment Project by
Ordinance No. 1747 (CCS) on June 21, 1994, the Downtown Redevelopment Project by
Ordinance No. 1021 (CCS) on January 13, 1976, the Ocean Park 1A Project by Ordinance No.
497 (CCS) on June 30, 1960, and the Ocean Park 1 B Project by Ordinance No. 516 (CCS) on
January 24, 1961 (collectively the "Redevelopment Plans "); and
WHEREAS, the California Legislature adopted, and the Governor signed, Assembly Bill
No. 26 and 27 (2011 -2012 1" Ex. Sess.) enacted as Stats. 2011, 1" Ex. Sess. 2011 -2012, chs.
5 -6 (hereinafter AB 26 and AB 27) into law; and
WHEREAS, in July 2011, California Redevelopment Agency v. Matosantos was filed in
the California Supreme Court, challenging the constitutionality of ABX 26 and ABX 27, and on
December 29, 2011, the Supreme Court issued its opinion in Matosantos, upholding ABX 26
and exercising its power of reformation to revise and extend each effective date or deadline for
performance of an obligation in part 1.85 of division 24 of the Redevelopment Law, and
invalidating AB 27; and
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ATTACHMENT D3
WHEREAS, the City of Santa Monica is the designated Successor Agency of the
Redevelopment Agency of the City of Santa Monica, within the meaning of AB 26; and
WHEREAS, Section 34177(a)(1) of the Redevelopment Law, as reformed by the
California Supreme Court in Matosantos, provides that on or after February 1, 2012, and until a
Recognized Obligation Payment Schedule becomes operative, only payments required
pursuant to an enforceable obligations payment schedule shall be made; and
WHEREAS, Section 34177(a)(3) of the Redevelopment Law, as reformed by the
California Supreme Court in Matosantos, provides that commencing on May 1, 2012, only those
payments listed in a Recognized Obligation Payment Schedule may be made by the Successor
Agency from the funds specified in the Recognized Obligation Payment Schedule; and
WHEREAS, Section 34171 of Part 1.85, the Successor Agency is entitled to an
Administrative Cost Allowance that is payable from property tax revenues allocated to the
Redevelopment Obligation Retirement Fund ( "RORF ") by the County Auditor - Controller; and
WHEREAS, on February 14, 2012, the Successor Agency authorized reimbursement
and operating Agreement No. 9549 (CCS /RAS) to reimburse the City for the Agency's use of
City staff, facilities and administrative services to implement the Successor Agency's
administrative duties under AB 26; and
WHEREAS, on February 28, 2012, the Successor Agency reviewed and duly considered
the Recognized Obligation Payment Schedules including the Successor Agency's administrative
cost allowance for the periods of January 2012 — June 2012 and July 2012 — December 2012,
and adopted Resolutions No. 1 (SAS) and No. 2 (SAS); and
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WHEREAS, on April 10, 2012, the Successor Agency reviewed and duly considered the
amended Recognized Obligation Payment Schedules and the Successor Agency's
Administrative Budgets for the periods of January _2012 — June 2012 and July 2012 —
December 2012, and adopted Resolutions No. 3 (SAS), No. 4 (SAS), No. 5 (SAS) and No. 6
(SAS); and
WHEREAS, on April 23, 2012, the Santa Monica Redevelopment Agency Oversight
Board reviewed, duly considered and approved the Recognized Obligation Payment Schedules
and Successor Agency's Administrative Budgets for the periods of January 2012 — June 2012
and July 2012 — December 2012; and
WHEREAS, the Successor Agency will submit its administrative budget for the period of
January 2013 — June 2013 to the Oversight Board in conjunction with the Recognized
Obligation Payment Schedule period of January 2013 — June 2013,
NOW THEREFORE, THE SUCCESSOR AGENCY OF THE CITY OF SANTA MONICA
RESOLVES AS FOLLOWS:
SECTION 1. The fiscal year 2012 -13 budget, the period beginning on July 2012 through
June 2013, as submitted by the Successor Agency Executive Director is hereby adopted
( "Budget "). In adopting the Budget, the Successor 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. The Successor
Agency Executive Director is authorized to allot as appropriated. A copy of the Budget is
attached hereto as Exhibitl.
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ATTACHMENT D3
SECTION 2. In adopting the Budget, the Successor Agency does hereby agree to pay
the City the Administrative Cost Allowance allocated to the Successor Agency under Part 1.85.
The Administrative Cost Allowance shall be paid to the City no later than ten (10) business days
from the deposit of property taxes into the Redevelopment Obligation Retirement Fund
(" RORF) by the County Auditor - Controller.
SECTION 3. 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:
MARS A JO MOUT E'
Attorn fort � uccessor Agency
n
ATTACHMENT D3
Exhibit 1
Successor Agency to the former Santa Monica Redevelopment Agency
Administrative Budget (July 1, 2012 - June 30, 2013)
Object
Description
July June 2012
511000
Permanent Employees (8.40 FTEs)
1,316,755
511040
Successor Agency /Board Allowance
2,531
511490
Overtime
4,030
511710
Medicare Employer Contribution
160,323
511730
Workers' Comp Insurance
1,128
511743
Medical - Misc Empl
71,035
511746
Medical Trust - Misc Empl
13,973
511748
Dental
9,763
511749
Vision
1,111
51174E
Employee Health Contribution
(4,657)
51197A
Unemployment
4,842
51197B
EAP
869
51197C
DCAP
508
51197E
Life Insurance & AD & D
4,030
51197F
Disability Insurance
6,999
1,593,240
522210
Utilities - Telephone
6,000
522310
Office Supplies /Expense
28,000
522540
Advertising
500
522620
Rent
134,117
5
522720
Mileage
522820
Conferences /Meetings
522900
Memberships and Dues
533020
General Liability /Auto
533220
Bldg Maintenance
555060
Professional Services
555110
Legal Expense
555210
Training
577230
Fiscal Agent Fees
588090
Furniture & Furnishings
M.
ATTACHMENT D3
600
10,524
8,200
8,166
52,531
120,000
80,000
10,000
11,600
3.000
473,238
2,066,478
Adopted and approved this 12th day of June, 2012.
,�- Q-1-*-
Richard Bloom, Chair
I, Maria M. Stewart, Agency Secretary of the City of Santa Monica, do hereby
certify that the foregoing Resolution No. 8 (SAS) was duly adopted at the meeting of the
Santa Monica Redevelopment Successor Agency held on the 12th day of June 2012, by
the following vote:
Ayes: Agency members:
Noes: Agency members:
Holbrook, McKeown, O'Day,
Chair Bloom, Chair Pro Tern Davis
None
Absent: Agency members: O'Connor, Shriver
ATTEST:
Maria M. Stewart, A ency Secretary