NVF:KWF:CLS
5-17-2022
T-23776.002 \ 1922364_2 1
Council Agenda: 6-7-2022
Item No.: 9.1(a)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
SUCCESSOR AGENCY
RESOLUTION NO. ______________
A RESOLUTION OF THE SUCCESSOR AGENCY TO
THE REDEVELOPMENT AGENCY OF THE CITY OF
SAN JOSE APPROVING THE ADMINISTRATIVE
BUDGET FOR JULY 1, 202 2 THROUGH JUNE 30,
2023
WHEREAS, Redevelopment Dissolution Law requires that the Successor Agency to the Redevelopment Agency of the City of San José (“Successor Agency”) prepare an administrative budget for Countywide Oversight Board (“County Board”) approval, which includes Successor Agency operating costs (unemployment costs and professional contractual services) and City of San José (“City”) support services; and
WHEREAS, the Successor Agency’s proposed Administrative Budget, as attached hereto, for the period of July 1, 2022 through June 30, 2023 reflects estimated expenditures of $280,601, a 3.6% increase from the approved Administrative Budget for FY 2021-22; and
WHEREAS, this increase in expenditures is the result of an increase in personnel costs and staffing levels to support the work of the Successor Agency; and
WHEREAS, the source of funding for the Administrative Budget will be the Redevelopment Property Tax Trust Fund (“RPTTF”), formerly tax increment dollars. The administrative activities performed by City staff on behalf of the Successor Agency will be reimbursed from RPTTF funds;
NVF:KWF:CLS
5-17-2022
T-23776.002 \ 1922364_2 2
Council Agenda: 6-7-2022
Item No.: 9.1(a)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE that:
The Administrative Budget of the Successor Agency for the period July 1, 2022 through June 30, 2023, attached hereto, which sets forth Successor Agency operating costs and City support services, is hereby approved.
ADOPTED this _____ day of ___________, 2022, by the following vote:
AYES:
NOES:
ABSENT:
DISQUALIFIED:
SAM LICCARDO
Chairperson
ATTEST:
TONI J. TABER, CMC
Secretary
NVF:KWF:CLS
5-17-2022
T-23776.002 \ 1922364_2 3
Council Agenda: 6-7-2022
Item No.: 9.1(a)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
ADMINISTRATIVE BUDGET
NVF:KWF:CLS
5-17-2022
T-23776.002 \ 1922364_2 4
Council Agenda: 6-7-2022
Item No.: 9.1(a)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.