SUCCESSOR AGENCY TO THE COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA RESOLUTION NO. ___________
APPROVING AND ADOPTING AMENDMENTS TO THE FISCAL YEAR
2024-25 BUDGET
WHEREAS, the Community Improvement Commission of the City of Alameda (the “Former Agency”) was duly created pursuant to the California Community Redevelopment Law (Part 1 [commencing with Section 33000] of Division 24 of the California Health and Safety Code) (“Redevelopment Law”); and
WHEREAS, Assembly Bill x1 26 (“AB x1 26”) was signed by the Governor of California on June 28, 2011, and was held by the California Supreme Court to be largely constitutional on December 29, 2012; and
WHEREAS, as a result of the Supreme Court’s decision, on February 1, 2012, all California redevelopment agencies were dissolved, and successor agencies were established as successor entities to the former redevelopment agencies pursuant to Health and Safety Code section 34173(a); and
WHEREAS, the City Council adopted Resolution No. 14643 on January 4, 2012, electing for the City to serve as the Successor Agency to the Community Improvement Commission of the City of Alameda (the “Successor Agency”) upon the dissolution of the Former Agency; and
WHEREAS, on June 27, 2012, the Governor of California signed into law Assembly Bill 1484 amending AB x1 26 and adding additional requirements to the successor agencies; and
WHEREAS, the Successor Agency is tasked with paying, performing, and enforcing the obligations and winding down the affairs of the Former Agency; and
WHEREAS, pursuant to Health and Safety Code sections 34177(j) and (l), before each six-month fiscal period the Successor Agency must prepare and submit an administrative budget and a Recognized Obligation Payment Schedule (“ROPS”) to the Oversight Board for approval; and
WHEREAS, the ROPS must also be submitted to the County Administrative Officer, County Auditor-Controller, State Controller’s Office, State Department of Finance, and be posted online; and
WHEREAS, there has been submitted to and filed with the Board of the Successor Agency at this meeting, a budget representing the financial plan for conducting the affairs of the Successor Agency for the Fiscal Years a) beginning July 1, 2023 and ending June 30, 2024 and b) beginning July 1, 2024 and ending June 30, 2025; and
WHEREAS, the Board of the Successor Agency has considered this budget at a duly noticed regular meeting of the Successor Agency, at which time members of the public were afforded an opportunity to express their views; and
WHEREAS, the Board of the Successor Agency has given this budget due consideration as to its projected revenues, anticipated expenditures and available fund balances.
NOW, THEREFORE, BE IT RESOLVED by the Successor Agency that said amendments to the FY 2024-25 budget as submitted at this meeting is hereby approved and adopted as budget for the Successor Agency and that the expenditures are hereby approved and authorized as the total appropriations for the F Y ending June 30, 2025 as follows:
1. The proposed FY 2024-25 Budget as submitted by the Executive Director to the Successor Agency, as set forth in Exhibit 1 of the June 18, 20 24 Staff Report accompanying this Resolution is incorporated herein by this reference.
2. The Executive Director to the Successor Agency or his/her designee is authorized and directed to take such actions as are necessary and appropriate to comply with Health and Safety Code section 34177 and carry out the intent of this Resolution.
* * * * *
I, the undersigned, Secretary to the Community Improvement Commission of the City of Alameda hereby certify that the foregoing is a full, true and correct copy of a resolution duly and regularly adopted and passed by the Successor Agency in a regular meeting assembled on the 18th day of June 2024, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the seal of said City this 19th day of June 2024.
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Lara Weisiger
Successor Agency Secretary
APPROVED AS TO FORM:
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Yibin Shen
General Counsel