City Council Meeting 6-23-09 Santa Monica, California

RESOLUTION NO. (RAS)

(REDEVELOPMENT AGENCY SERIES)

A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA APPROVING ITS BUDGET FOR THE FISCAL YEAR 2009-10

WHEREAS, the proposed budget for the fiscal year 2009-10 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, 2009-10" (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 entitled "Fiscal Year 2009-10 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 2009-10 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 Redevelopment Agency does hereby re-appropriate the unencumbered balances and unexpended encumbrances of the fiscal year 2008-09 Capital Improvements budget in an amount not to exceed $107,416,153.

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:

_______________________

MARSHA JONES MOUTRIE

Attorney for the Redevelopment Agency

FISCAL YEAR 2009-10 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
PROJECT AREA (FUND #)	AMOUNT		DESCRIPTION
Low/Moderate Income Housing (15)
577800	$ 152,200	--	Lease payment for development of 175 Ocean Park Boulevard Housing Project pursuant to Payment Agreement of May 8, 1984.
578150	$ 141,000	--	Staff time, associated benefit costs and bank service fees
Total 15 Fund	$ 293,200
Downtown (16) use Dept MOE workbook
01263+01264.511000	$ 102,192	--	Staff time and associated benefit costs
511040	$ 500	--	Redevelopment Agency member allowance
511730	$ 200	--	Contribution to Workers' Compensation Self-Insurance Fund
522180	$ 300	--	Bank service fees
522310	$ 3,500	--	Office supplies
522620	$ 700	--	Rent
522820	$ 400	--	Conferences/meetings/travel
533020	$ 4,600	--	Contribution to Comprehensive Self-Insurance Fund
533060	$ 165,400	--	Earthquake insurance on parking structures
571100	$ 66,600	--	Community Corporation of Santa Monica grant for development of low/moderate income housing projects
577230	$ 26,000	--	Fiscal agent fees
Total 16 Fund	$ 370,392

FISCAL YEAR 2009-10 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
PROJECT AREA (FUND #)	AMOUNT		DESCRIPTION
Earthquake Recovery (17)
(A) General Fund
511000	$ 1,399,871	--	Staff time and associated benefits costs
511040	$ 1,500	--	Redevelopment Agency member allowance
511730	$ 1,900	--	Contribution to Workers' Compensation Self-Insurance Fund
522180	$ 1,300	--	Bank service fees
522210	$ 4,200	--	Telephone costs
522310	$ 11,300	--	Office supplies
522540	$ 500	--	Advertising
522620	$ 391,800	--	Rent
522820	$ 8,600	--	Conferences/meetings/travel
522900	$ 10,800	--	Membership and dues
533020	$ 16,600	--	Contribution to Comprehensive Self-Insurance Fund
533220	$ 150,000	--	Building and structure maintenance
544010	$ 500	--	Special departmental supplies
544040	$ 500	--	Books and pamphlets
555060	$ 436,300	--	Professional services
555110	$ 70,700	--	Legal expense
555210	$ 12,000	--	Training
571100	$ 99,500	--	Community Corp of Santa Monica
Total 17 Fund	$ 2,617,871

FISCAL YEAR 2009-10 SCHEDULE OF REDEVELOPMENT REIMBURSEMENTS
TO THE GENERAL FUND
Ocean Park (18)
511000	$ 114,590	--	Staff time and associated benefits costs
511040	$ 500	--	Redevelopment Agency member allowance
511730	$ 200	--	Contribution to Workers' Compensation Self-Insurance Fund
522180	$ 200	--	Bank service fees
522310	$ 3,400	--	Office supplies
522620	$ 800	--	Rent
522820	$ 400	--	Conferences/meetings/travel
533020	$ 3,300	--	Contribution to Comprehensive Self-Insurance Fund
571100	$ 66,600	--	Community Corporation of Santa Monica grant for development of low/moderate income housing projects
577230	$ 17,900	--	Fiscal agent fees
577410	$ 6,500	--	Maintenance of public access area
Total 18 Fund	$ 214,390