CITY OF MONTEBELLO
CITY COUNCIL AND SUCCESSOR AGENCY
JOINT REGULAR MEETING
WEDNESDAY, JANUARY 22, 2025 AT 6:00 PM
CITY HALL COUNCIL CHAMBERS
1600 WEST BEVERLY BOULEVARD
MONTEBELLO, CALIFORNIA
CITY COUNCIL/SUCCESSOR AGENCY
Salvador Melendez, Mayor/Chairperson
Georgina Tamayo, Mayor Pro Tem/Vice Chairperson
David N. Torres, Councilmember/Member
Scarlet Peralta, Councilmember/Member
Vacant, Councilmember/Member
CITY MANAGER/EXECUTIVE
DIRECTOR
Raul Alvarez
CITY TREASURER
David Matanga
COUNCIL/SUCCESSOR AGENCY
ATTORNEY
Arnold M. Alvarez-Glasman
CITY CLERK/AGENCY SECRETARY
Christopher Jimenez
DEPARTMENT HEADS
Fire Chief
Police Chief
Director of Finance
Director of Planning/Community Development
Director of Public Works
Director of Recreation and Community Services
Director of Transportation
Fernando Pelaez
Paul Espinosa
Michael Solorza
Joseph Palombi
Cesar Roldan
David Sosnowski
John Soria
January 22, 2025: City Council and Successor Agency Meeting
NOTICES
This City Council/Successor Agency Joint Regular Meeting ("Council"/"SA") will be held in person and will meet at City Hall – City Council Chambers, 1600 West Beverly Boulevard, Montebello, California. The meeting will be live streamed and can be watched on the City’s website and YouTube Channel via the following link: https://www.montebelloca.gov, and may also be viewed on Spectrum Public Access Channel 3 for all Spectrum cable subscribers.
AMERICANS WITH DISABILITIES ACT: In compliance with the Americans with Disabilities Act (ADA) any person with a disability who requires special accommodations in order to participate in a meeting should contact the Administration Office at (323) 887-1437 Monday-Thursday from 7:30 a.m.-5:30 p.m. Please call 48 hours prior to the meeting to ensure that reasonable arrangements can be made to provide accessibility to this meeting (28 CFR 35.102-35.104 ADA Title II 1203). If you require translation services, please contact the City Clerk’s office 72 hours before this meeting. Si necesita servicios de traducción, comuníquese con la Oficina del Secretario Municipal 72 horas antes de esta reunión. 如果您需要翻译服务，请在会议前 72 小时联系市书记员办公室.
RULES OF DECORUM:
Pursuant to Section 54957.95 of the Government Code, the presiding member of the legislative body conducting a meeting, or their designee, is authorized to remove, or cause the removal of, an individual for disrupting the meeting.
Any such removal will be preceded by a warning to the disruptive individual by the presiding member of the legislative body or their designee that the individual’s behavior is disrupting the meeting and that the individual’s failure to promptly cease their disruptive behavior may result in their removal.
PUBLIC COMMENTS:
In-Person: For those interested in participating during the Public Comment period(s) or public testimony period for Public Hearings of the Council/SA meetings, you may address the Council/SA in person only the day of the meeting.
Speakers will be required to fill out a speaker card provided at the door and submit it to City Clerk staff prior to each Public Comment announcement period. Staff will number and call each speaker card in the order received. Closed Session begins at 6:00 p.m. and Regular Session begins immediately thereafter; if there is no Closed Session, Regular Session will begin at 6:00 p.m.
AGENDA MATERIALS: The agenda and/or agenda packet are available for public inspection at City’s website at: Agendas, Minutes, and Videos.
January 22, 2025: City Council and Successor Agency Meeting
IN CONSIDERATION OF OTHERS, PLEASE TURN OFF, OR MUTE, ALL CELL PHONES AND PAGERS
THANK YOU FOR YOUR COOPERATION
OPENING CEREMONIES
CALL TO ORDER - 6:00 P.M.
ROLL CALL
CLOSED SESSION - NONE
REGULAR SESSION - IMMEDIATELY FOLLOWING CLOSED SESSION
INVOCATION
PLEDGE OF ALLEGIANCE
CORRECTIONS TO THE AGENDA - CITY MANAGER
PUBLIC COMMENTS ON NON-AGENDA AND AGENDA ITEMS (30 MINUTES) At this time, the public may submit speaker card(s) to the City Clerk staff, for both agenda and non-agenda items, prior to the beginning of this statement; Public Hearing items do not require a speaker card.
The City Council/SA will address non-agenda items during this section and speakers will be called in the order received.
Those persons not accommodated during this 30-minute period will have an opportunity to speak under “Public Comments – Continued”, after all scheduled matters have been considered. Public Hearing, Regular Business and/or Consent Calendar items will be addressed at the time that matter of business is heard, in the order received.
Please be aware that the maximum time allotted for members of the public to speak shall not exceed three (3) minutes per speaker. State Law prohibits the City Council/SA from taking action or entertaining extended discussion on a topic not listed on the agenda. Please show courtesy to others and direct all of your comments to the Mayor/Chairperson and City Council/Agency.
REGULAR BUSINESS - NONE
CONSENT CALENDAR
All matters listed under the Consent Calendar are considered to be routine. Any items a member wishes to discuss, including any items the public submitted speaker cards for, should be designated at this time. All other items may be approved in a single motion. Such approval will also waive the reading of any Ordinance.
1. APPROVAL OF SUCCESSOR AGENCY'S RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) AND ADMINISTRATIVE BUDGET FOR FISCAL YEAR 2025-26
RECOMMENDATION: It is recommended that the City Council:
1. Adopt Successor Agency Resolution No. 25-01 (Attachment B) adopting the Fiscal Year 2025-26 Recognized Obligation Payment Schedule (25-26 ROPS) and Resolution No. 25-02 (Attachment C) Administrative Budget for the 2025-26 Fiscal year; and
2. Direct staff to submit all required resolutions and related documents to the State of California's Department of Finance per Assembly Bill 26, Senate Bill 107 and all related redevelopment dissolution statutes and guidelines; and
January 22, 2025: City Council and Successor Agency Meeting
3. Take such additional, related action that may be desirable.
ADJOURNMENT
The City of Montebello will adjourn to the next Regular Meeting on February 12, 2025, at 6:00 p.m., which can be live- streamed at https://www.montebelloca.gov (Click on Live Stream).
I, Kimberly Guillen, Senior Deputy City Clerk for the City of Montebello hereby certify that a copy of this agenda has been posted on or before Sunday, January 19, 2025, no later than 6:00 p.m.
Kimberly Guillen, Senior Deputy City Clerk
ITEM # 1
CITY OF MONTEBELLO
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: Raul Alvarez, City Manager
BY: Michael Solorza, Director of Finance
SUBJECT: APPROVAL OF SUCCESSOR AGENCY'S RECOGNIZED OBLIGATION
PAYMENT SCHEDULE (ROPS) AND ADMINISTRATIVE BUDGET FOR
FISCAL YEAR 2025-26
DATE: January 22, 2025
RECOMMENDATIONS:
It is recommended that the City Council:
1. Adopt Successor Agency Resolution No. 25-01 (Attachment B) adopting the Fiscal Year 2025-26 Recognized Obligation Payment Schedule (25-26 ROPS) and Resolution No. 25-02 (Attachment C) Administrative Budget for the 2025-26 Fiscal year; and
2. Direct staff to submit all required resolutions and related documents to the State of California's Department of Finance per Assembly Bill 26, Senate Bill 107 and all related redevelopment dissolution statutes and guidelines; and
3. Take such additional, related action that may be desirable.
FISCAL IMPACT:
The Successor Agency is requesting a total of $1,831,550 in Redevelopment Property Tax Transfer Fund (RPTTF) revenue (e.g., property tax) to fund a variety of enforceable obligations (the July – December 2025 period is $1,540,525 and the January – June, 2026 period is $291,025). The total amount requested includes an administrative budget of $51,500 for the entire ROPS 25-26 period (Attachments A and D).
This revenue is generated from property tax in former redevelopment project areas, and per the various dissolution laws now governing former redevelopment agencies, it is distributed to successor agencies through the ROPS process. The Los Angeles County Auditor/Controller disburses this revenue twice per year: January and June. Staff record
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA REPORT - MEETING OF JANUARY 22, 2025
the revenue in a separate Successor Agency fund (i.e., Fund 800) and pay for the enforceable obligation expenses accordingly.
There is no impact to the City’s budget or reserve balance, as the State Department of Finance approved enforceable obligations are fully funded with the RPTTF requested through the ROPS. In this case, a total of $1,831,550 for Fiscal Year 2025-26. Refer to Attachment A for the ROPS, which provides details on how the requested RPTTF will be spent.
Furthermore, the ROPS 25-26 enforceable obligations amount will be used when developing the Fiscal Year 2025-26 budget.
BACKGROUND/DISCUSSION:
The Community Redevelopment Agency of the City of Montebello (Agency) was dissolved effective February 1, 2012, by Assembly Bill 1x 26 (AB 26) and the California Supreme Court’s decision in California Redevelopment Association v. Matosantos. As authorized by AB 26, the City Council of the City of Montebello adopted a resolution electing to serve as the “successor agency” to the dissolved Agency and thereby assumed responsibility for winding down the Agency’s affairs.
Under AB 26, the Successor Agency’s responsibilities included preparing a Recognized Obligation Payment Schedule (ROPS) that listed payments due on all “enforceable obligations” during that period. Before it became effective, each ROPS was required to be approved by the Montebello Oversight Board and the State Department of Finance (DOF). The Oversight Board has previously approved several iterations of the Successor Agency’s ROPS since dissolution in 2012, and each has been subsequently approved by the DOF.
AB 26 also required the Successor Agency to create an “administrative budget.” The administrative budget was required to include: (1) estimated amounts for successor agency administrative costs for the upcoming twelve month period; (2) proposed payment sources for such costs; and (3) arrangements for administrative and operations services to be provided by the City. The administrative budget was required to be approved by the Oversight Board and DOF.
In September 2015, Senate Bill 107 (SB 107) became law and made significant revisions to redevelopment dissolution law. As relevant here, these changes included submission of an annual ROPS to replace the previously required bi-annual process.
The new process requires the Successor Agency to submit an Oversight Board- approved ROPS (Attachment A) covering the 2025-26 Fiscal Year to DOF before February 1, 2025. This ROPS must include estimates of payments due on all enforceable obligations during the entire 2025-26 Fiscal Year.
DOF is required to issue a determination on the ROPS before April 15, 2025, and SB 107 preserves the Successor Agency’s ability to dispute DOF determinations through a meet-
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA REPORT - MEETING OF JANUARY 22, 2025
and-confer process.
SB 107 also made changes to the administrative budget process. The Successor Agency’s administrative budget (Attachment D) must include the same information previously required, and must be approved by the Oversight Board. However, it no longer must be approved by DOF.
Additionally, SB 107 made changes to the administrative cost allowance available to fund the budget. Commencing July 1, 2016, the administrative cost allowance cannot exceed the lesser of the following: (1) three percent (3%) of the funds allocated to the Successor Agency to pay approved enforceable obligations during the preceding fiscal year; (2) fifty percent (50%) of the money allocated to the Successor Agency to pay approved enforceable obligations during the applicable fiscal year; or (3) $250,000.
Pursuant to Health and Safety Code Section 34179(q), commencing on July 1, 2018, the County of Los Angeles, where more than 70 individual oversight boards were created by the Dissolution Act, shall have five consolidated oversight boards each encompassing the five supervisorial districts. The First Supervisorial District Consolidated Oversight Board has jurisdiction over the Successor Agency of the former Community Redevelopment Agency of Montebello.
The ROPS covering the payment period of July 1, 2025, to June 30, 2026 (ROPS 25- 26), is attached for consideration (Attachment A). The Successor Agency is requesting a total of $1,831,550 in RPTTF to fund a variety of enforceable obligations, including an administrative budget of $51,500.
All enforceable obligations on the attached ROPS are debt service, repayment of the low- mod housing deferral, or approved administrative costs, and have all been previously reviewed and approved by the First Supervisorial District Oversight Board and State Department of Finance (DOF).
Also attached is the Successor Agency’s Administrative Budget for the 2025-26 Fiscal Year (Attachment D). Staff has prepared the budget in accordance with updated guidance provided by the County of Los Angeles. As such, Attachment D represents an updated and detailed administrative budget, clearly indicating line-item costs for personnel, legal, compliance and related expenses.
It should be noted that in order to meet the State DOF ROPS filing deadline of February 1, 2025, Staff submitted the ROPS 25-26 and Administrative Budget to the County of Los Angeles for consideration at the January 13, 2025 First Supervisorial District Consolidated Oversight Board meeting. The Oversight Board unanimously approved Montebello's ROPS 25-26 at this meeting. Upon consideration and approval by the Successor Agency, staff will submit the ROPS and Administrative Budget -- and resolutions (Attachments B and C) -- to the DOF by February 1, 2025.
ENVIRONMENTAL:
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA REPORT - MEETING OF JANUARY 22, 2025
N/A
ANALYSIS:
N/A
SUMMARY:
The Successor Agency will consider approval of the Recognized Obligation Payment Schedule and Administrative Budget (Attachments A and D) covering the 2025-26 Fiscal Year, requesting a total of $1,831,550 in RPTTF for payment of the various enforceable obligations. Upon approval, staff will submit the ROPS, Administrative Budget and resolutions (Attachments B and C) to the DOF by February 1, 2025.
ATTACHMENT(S)
1. ATTACHMENT A - ROPS 25-26
2. ATTACHMENT B - SA Resolution ROPS 25_26 Montebello
3. ATTACHMENT C - SA Resolution Admin Budget FY 25_26 Montebello
4. ATTACHMENT D - ADMINISTRATIVE BUDGET ROPS 25-26
Successor Agency: Montebello
County: Los Angeles
25-26A Total 25-26B Total ROPS Total
(July - December) (January - June) Total
A Enforceable Obligations Funded as Follows (B+C+D) - - - B Bond Proceeds -
C Reserve Balance -
D Other Funds -
E Redevelopement Propety Tax Trust Fund (RPTTF) (F+G) 1,540,525 291,025 1,831,550 F RPTTF 1,514,775 265,275 1,780,050
G Aministrative RPTTF 25,750 25,750 51,500
H Current Period Enforceable Obligations (A+E) 1,540,525 291,025 1,831,550 Certification of Oversight Board Chairman:
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency /s/
Signature Date
Recognized Obligation Payment Schedule (ROPS 25-26)
Filed for the July 1, 2025 through June 30, 2026
ATTACHMENT A
A B C D E F G H
21 Administrative Transaction fee Admin Costs 7/5/2012 6/30/2014 Various Admin Overhead and other G&A
Chgs Agency
22 Arbitrage Calculation Costs on Bonds Fees 3/1/1997 3/1/2027 Arbitrage Compliance
Specialists
Preparation of Federal & State
Arbitrage Compliance
Computations Agency
26 Fiscal agent fees Fees 7/1/1997 3/1/2027 BNY Western Trust BNY Western Trust Agency 36 Low Mod Housing Deferral Unfunded Liabilities 1/28/2009 12/31/2033 City of Montebello Successor
Housing Agency
Per 33333.6(g) of California Health
and Safety Code Montebello Hills
47 2015A Successor Agency Tax Allocation Refunding Bonds (Tax-Exempt) Bonds Issued After 12/31/10 9/1/2015 9/1/2027 Bank of New York To refund: HOUSING 02, HILLSIDE
97, HILLSIDE 98A, HILLSIDE 99A,
HILLSIDE 09A, SI 99A, SI 99B
Refunded the following bonds:
1997 Montebello Hills, 1998A
Montebello Hills, 1999A Montebello
Hills, 2009A Montebello Hills,
1999A South Montebello, 1999B
South Montebello, 1998B
Montebello Hills, and 2002 Housing
Project Area
Montebello Recognized Obligation Payment
July 1, 2025 throug
(Report Amounts in
Item # Project Name Obligation Type Agreement
Execution Date
Agreement
Termination Date Payee Description
I J K L M N O P Q R S T U V W
Bond proceeds Reserve Balance Other Funds RPTTF Amin RPTTF Bond proceeds Reserve Balance Other Funds RPTTF Amin RPTTF 7,583,064 $1,831,550 -$ -$ -$ $1,514,775 $25,750 $1,540,525 -$ -$ -$ 265,275$ 25,750$ 291,025$ 51,500 N 51,500 0 25,750 25,750 25,750 25,750
2,000 N 2,000 1,000 1,000 1,000 1,000
4,000 N 20,000 1,500 1,500 2,500 2,500
3,474,689 N 420,000 210,000 210,000 210,000 210,000
4,050,875 N 1,354,050 1,302,275 1,302,275 51,775 51,775 25-26B (January - June)
25-26 B TotalFund Sources Fund SourcesTotal Outstanding Obligation Retired ROPS 25-26
Total
25-26A (July - December) 25-26 A
Total
Scheudule (ROPS 2025-26) - ROPS Detail
gh June 30, 2026
n Whole Dollars)
ATTACHMENT B
SUCCESSOR AGENCY RESOLUTION NO. 25-01
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE FORMER COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF MONTEBELLO APPROVING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET FOR FISCAL YEAR 2025-26 (ROPS 25-26)
WHEREAS, pursuant to ABx1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 (“Dissolution Act”), the Community Development Agency of the City of Montebello was dissolved as of February 1, 2012, and the City of Montebello elected to serve as the Successor Agency to the Former Community Development Agency to the City of Montebello.
WHEREAS, the former Community Redevelopment Agency of the City of Montebello (“Agency”) was a community redevelopment agency organized and existing under the California Redevelopment Law;
WHEREAS, pursuant to Health and Safety Code Section 34179(q), commencing on and after July 1, 2018, the County of Los Angeles, where more than 40 oversight boards were created by the Dissolution Act, shall have five consolidated oversight boards each encompassing the five supervisorial districts;
WHEREAS, the First Supervisorial District Consolidated Oversight Board (“Oversight Board”) has jurisdiction over the Successor Agency of the Former Community Development Agency to the City of Montebello;
WHEREAS, the First Supervisorial District Consolidated Oversight Board held a regular/special meeting on January 13, 2025,
WHEREAS, Senate Bill 107 (“SB 107”) was enacted in September 2015, and replaced the biannual ROPS process with a requirement that an annual ROPS be prepared for all fiscal years commencing after January 1, 2016; WHEREAS, after preparation by the Successor Agency, each ROPS must be submitted to and approved by the Oversight Board, and, before February 1 of the applicable fiscal year, an Oversight Board-approved ROPS must be transmitted to the Los Angeles County Auditor-Controller and the California Department of Finance for review; and
WHEREAS, the Successor Agency’s ROPS covering the July 1, 2025, to June 30, 2026 payment period (ROPS 25-26), as such is attached to this Resolution, and is satisfied that such ROPS complies with the statutory mandates of the Dissolution Act; and
WHEREAS, the administrative budget is required to include estimated amounts for Successor Agency administrative costs, proposed sources of payment for such costs, and proposals for arrangements for administrative and operations services provided by a city, and under SB 107, the administrative budget is not subject to review and approval by the State Department of Finance; and
WHEREAS, the Successor Agency’s Administrative Budget covering the 2025-26 Fiscal Year, as such is attached to this Resolution, and is satisfied that such complies with the statutory mandates of the Dissolution Act.
NOW THEREFORE, THE SUCCESOR AGENCY OF THE FORMER
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MONTEBELLO HEREBY RESOLVES, FINDS AND DECLARES AS FOLLOWS:
SECTION 1. The foregoing recitals are incorporated into this Resolution by this reference and constitute a material part hereof.
SECTION 2. The Successor Agency hereby approves the Recognized Obligation Payment Schedule and Administrative Budget for the period of July 1, 2025, to June 30,
SUCCESSOR AGENCY RESOLUTION NO. 25-01
2026, as such ROPS 25-26 and the Administrative Budget are attached hereto this Resolution.
SECTION 3. The Successor Agency will take such further action(s) as required to obtain approval of ROPS 25-26 and the Fiscal Year 2025-26 Administrative Budget by the First Supervisorial Consolidated Oversight Board and the California Department of Finance, and to ensure all obligations listed on ROPS 25-26 are timely paid and performed.
SECTION 4. The Secretary shall certify to the passage and adoption of this resolution, which shall become effective immediately upon adoption.
APPROVED AND ADOPTED THIS 22nd DAY OF JANUARY, 2025
_______________________________
Salvador Melendez, Mayor
ATTEST:APPROVED AS TO FORM:
________________________________ ________________________________ Christopher Jimenez, Secretary Arnold M. Alvarez-Glasman, City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF MONTEBELLO )
I, Christopher Jimenez, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, County of Los Angeles, State of California, hereby certify that the foregoing Resolution No. 25-01 was passed and adopted by the City Council of the City of Montebello, signed by the Mayor and attested by the City Clerk at a regular meeting of said Council held on the 22 ndday of January, 2025 and that said Resolution was adopted by the following vote, to-wit:
AYES:
NOES:
ABSTAIN:
ABSENT:
The undersigned, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, does hereby attest and certify that the foregoing Resolution is a true, full and correct copy of a resolution duly adopted at a meeting of said City which was duly convened and held on the date stated thereon, and that said document has not been amended, modified, repealed or rescinded since its date of adoption and is in full force and effect as of the date hereof.
DATE:
Christopher Jimenez, Secretary
ATTACHMENT C
SUCCESSOR AGENCY RESOLUTION NO. 25-02
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE FORMER
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
MONTEBELLO APPROVING THE ADMINISTRATIVE BUDGET FOR
FISCAL YEAR 2025-26
WHEREAS, pursuant to ABx1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 (“Dissolution Act”), the Community Development Agency of the City of Montebello was dissolved as of February 1, 2012, and the City of Montebello elected to serve as the Successor Agency to the Former Community Development Agency to the City of Montebello.
WHEREAS, the former Community Redevelopment Agency of the City of Montebello (“Agency”) was a community redevelopment agency organized and existing under the California Redevelopment Law;
WHEREAS, pursuant to Health and Safety Code Section 34179(q), commencing on and after July 1, 2018, the County of Los Angeles, where more than 40 oversight boards were created by the Dissolution Act, shall have five consolidated oversight boards each encompassing the five supervisorial districts; WHEREAS, Senate Bill 107 (“SB 107”) was enacted in September 2015, and requires the Successor Agency to create an administrative budget for each fiscal year, and to submit it to the Oversight Board for approval;
WHEREAS, the administrative budget is required to include estimated amounts for Successor Agency administrative costs, proposed sources of payment for such costs, and proposals for arrangements for administrative and operations services provided by a city;
WHEREAS, under SB 107, the administrative budget is not subject to review and approval by the State Department of Finance; and
WHEREAS, the Successor Agency’s Administrative Budget covering the 2025- 26 Fiscal Year, as such is attached to this Resolution, and is satisfied that such complies with the statutory mandates of the Dissolution Act.
NOW THEREFORE, THE SUCCESSOR AGENCY HEREBY FINDS,
DECLARES AND RESOLVES AS FOLLOWS:
SECTION 1. The foregoing recitals are incorporated into this Resolution by this reference, and constitute a material part hereof.
SECTION 2. The Successor Agency hereby approves the Administrative Budget for the 2024-25 Fiscal Year as attached hereto this Resolution.
SECTION 3. The Secretary shall certify the passage and adoption of this
SUCCESSOR AGENCY RESOLUTION NO. 25-02
resolution, which shall become effective immediately upon adoption APPROVED AND ADOPTED THIS 22nd DAY OF JANUARY 2025
_______________________________
Salvador Melendez, Mayor
ATTEST:APPROVED AS TO FORM:
________________________________ ________________________________ Christopher Jimenez, Secretary Arnold M. Alvarez-Glasman, City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF MONTEBELLO )
I, Christopher Jimenez, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, County of Los Angeles, State of California, hereby certify that the foregoing Resolution No. 24-01 was passed and adopted by the City Council of the City of Montebello, signed by the Mayor and attested by the City Clerk at a regular meeting of said Council held on the 22 nd day of January, 2025 and that said Resolution was adopted by the following vote, to-wit:
AYES:
NOES:
ABSTAIN:
ABSENT:
The undersigned, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, does hereby attest and certify that the foregoing Resolution is a true, full and correct copy of a resolution duly adopted at a meeting of said City which was duly convened and held on the date stated thereon, and that said document has not been amended, modified, repealed or rescinded since its date of adoption and is in full force and effect as of the date hereof.
DATE:
Christopher Jimenez, Secretary
City of Montebello Successor Agency
Administrative Budget
For the period July 1, 2025 to June 30, 2026
Successor Agency - ROPS - Management
Personnel Expenses (Description of Tasks/Duties):
Annual preparation of ROPS
Correspondence with LA County Auditor Conroller/preparation of PPA Drafting ROPS for OB Presenation
Drafting ROPS for Successor Agency Presentation
Management/oversight of LRPMP
General management/oversight of SA expenses/revenue
Position Involved % of Time Dollar Value
Finance Director 2.0% 6,900$
Accounting Manager 10.0% 9,200$
Director of Community Development 2.0% 5,400$
SUM OF PERSONNEL EXPENSES 21,500$
Enforceable Obligations
Maintenance and Operations Expenses (Description of Work):
Fiscal Agent/Trustee fees
Continuing Disclosure (EMMA and CDIAC filings and reports) Arbitrage calculation
Related legal expenses (City Attorney, etc.)
Descriptin of Task Dollar Value
Legal fees (City Attorney) 25,000$
Continuing disclosure/arbitrage/bond
compliance 5,000$
30,000$
TOTAL ADMINISTRATIVE BUDGET/ALLOWANCE REQUESTED ==> 51,500$ ROPS 24-25A 25,750$
ROPS 24-25B 25,750$
ATTACHMENT D