NVF:KWF:CLS
5/19/2025
T-23776.002 \2209722 1
Council Agenda: 06-10-2025
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, 2025 THROUGH JUNE 30, 2026
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 the County of Santa Clara Countywide Oversight Board (“Countywide Oversight 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 for the period of July 1, 2025 through June 30, 2026 reflects estimated expenditures of $193,219, a
37.0% decrease from the approved Administrative Budget for FY 2024-25; and
WHEREAS, this decrease in expenditures is the result of an decrease 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”), a property tax increment revenue fund. The administrative activities performed by City staff on behalf of the Successor Agency will be reimbursed from RPTTF funds;
NVF:KWF:CLS
5/19/2025
T-23776.002 \2209722 2
Council Agenda: 06-10-2025
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, 2025 through June 30, 2026, attached hereto, which sets forth Successor Agency operating costs and City support services, is hereby approved.
ADOPTED this _____ day of ___________, 2025, by the following vote:
AYES:
NOES:
ABSENT:
DISQUALIFIED:
MATT MAHAN
Chairperson
ATTEST:
TONI J. TABER, MMC
Secretary
NVF:KWF:CLS
5/19/2025
T-23776.002 \ 2209722 A-1
Council Agenda: 06-10-2025
Item No.: 9.1(a)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
Attachment A
Administrative Budget 2025-26
NVF:KWF:CLS
5/19/2025
T-23776.002 \ 2209722 A-2
Council Agenda: 06-10-2025
Item No.: 9.1(a)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.