HomeMy WebLinkAboutOversight Board Reso 12-0008 RESOLUTION NO. OB 12 -0008
A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR
AGENCY TO THE DISSOLVED DOWNEY COMMUNITY DEVELOPMENT
COMMISSION APPROVING THE ADMINISTRATIVE BUDGETS FOR THE
PERIOD OF JANUARY 1, 2013, THROUGH JUNE 30, 2013, PURSUANT TO
HEALTH AND SAFETY CODE SECTIONS 34177
WHEREAS, the Oversight Board to the Successor Agency to the dissolved
redevelopment functions of the Downey Community Development Commission has been
appointed pursuant to the provisions of Health & Safety Code Section 34179; and,
WHEREAS, the City of Downey ( "City "), acting in its capacity as the Successor Agency
( "Successor Agency ") to the dissolved redevelopment functions of the Downey Community
Development Commission ( "CDC "), duly prepared proposed Administrative Budgets for the
period of January 1, 2013, through June 30, 2013, in accordance with Health and Safety Code
sections 34171(b) and 34177(j); and,
WHEREAS, pursuant to Health and Safety Code sections 34177(j), the Oversight Board
must approve an administrative budget for a successor agency for it to become established,
valid, and operative for the applicable six -month fiscal period.
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD AS
FOLLOWS:
SECTION 1. The foregoing Recitals are true and correct and are incorporated herein.
SECTION 2. The Administrative Budgets covering the period of January 1, 2013,
through June 30, 2013, attached hereto and incorporated herein by reference as Exhibit "A ", are
hereby approved pursuant to Health and Safety Code Sections 34177(j), and any other law that
may apply to the approval by the Oversight Board of the identified ROPS for the identified
periods.
SECTION 3. Pursuant to Health and Safety Code section 34177(k), the Secretary or
authorized designee shall provide to the County Auditor - Controller administrative cost estimates
that are to be paid from property tax revenues deposited into the Redevelopment Property Tax
Trust Fund based on the Administrative Budgets for the identified period approved by this
Resolution.
SECTION 4. The Secretary shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED by the Oversight Board at a meeting held on the 16 day
of August, 2012.
B '- e : =eki, Chair
ATT ST:
Adria M. Jimenez, S ecretary
RESOLUTION NO OB 12 -0008
PAGE 2
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ) ss
CITY OF DOWNEY )
1, Adria M. Jimenez, Secretary to the Oversight Board, hereby certify that the foregoing
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resolution was duly adopted at a meeting of the Oversight Board, held on the 16 day of August
2012, by the following votes, to wit:
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AYES: Board Members: Brossmer, Delawalla, Flores, Helve Latham
Y� Latham,
Chair Saeki
NOES: Board Members: None
ABSENT: Board Member: LaPlante
ABSTAIN: Board Members: None
ATTEST:
.
V
Aria M. Jimenez, Secretary
EXHIBIT "A"
Administrative Budgets
For The Identified Period
(Attached)
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
January 1, through June 30, 2013
Expense
Expense Category Amount Funding Source
Personnel / Staffing $ 90,000.00 Administrative Allowance
Supplies a Support Services $ 2,500.00 Administrative Allowance
Auditing Services $ 7,500.00 Administrative Allowance
Legal Services $ 20,000.00 Administrative Allowance
Other Professional Services $ 5,000.00 Administrative Allowance
Total Administrative Budget $ 125,000.00