Successor Agency Meeting: December 12, 2023 Santa Monica, California RESOLUTION NO. ______ (SA)
A RESOLUTION OF THE SANTA MONICA REDEVELOPMENT SUCCESSOR AGENCY
APPROVING THE ADMINISTRATIVE BUDGET FOR THE SUCCESSOR AGENCY OF THE
FORMER REDEVELOPMENT AGENCY TO THE CITY OF SANTA MONICA FOR THE PERIOD JULY 1, 2024 THROUGH JUNE 30, 2025
WHEREAS, pursuant to ABx 1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 ("Dissolution Act"), the Redevelopment Agency to the City of Santa Monica was dissolved as of February 1, 2012, and the City of Santa Monica elected to serve as the Successor Agency to the former Redevelopment Agency to the City of Santa Monica (“Successor Agency”); and
WHEREAS, pursuant to Health and Safety Code Section 34179 (q), commencing on and after July 1, 2018, in the County of Los Angeles, where more than 40 oversight boards were created by the Dissolution Act, the oversight boards were consolidated into five consolidated oversight boards each encompassing one of the County’s five supervisorial districts; and WHEREAS, the Third Supervisorial District Consolidated Oversight Board ("Third District Consolidated Oversight Board") has jurisdiction over the Successor Agency of the Former Redevelopment Agency to the City of Santa Monica; and
WHEREAS, Section 34177(j) of the Health and Safety Code, provides that the Successor Agency shall prepare an administrative budget (“Administrative Budget”) and submit it to the Oversight Board of the Successor Agency for its approval; and WHEREAS, the Administrative Budget shall include the following:
(1) Estimated amounts for successor agency administrative costs for the upcoming annual fiscal period;
(2) Proposed sources of payment for the costs identified in subparagraph (1); (3) Proposals for arrangements for administrative and operations services provided by a city, county, city and county, or other entity; and
WHEREAS, on February 2, 2012, the Successor Agency approved a Reimbursement Agreement by and between the City of Santa Monica and Successor Agency, Contract No. 9549 (CCS/RAS/SA), in accordance with Section 34171(d)(1)(F) of the California Health and Safety Code; and
WHEREAS, Section 34177(k) of the California Health and Safety Code requires the Successor Agency to provide administrative cost estimates, from its approved Administrative Budget, that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the Los Angeles County Auditor-Controller for each six-month fiscal period; and
WHEREAS, under Title 14 of the California Code of Regulations, Section 15061(b)(3), the approval of the Administrative Budget is exempt from the requirements of the California Environmental Quality Act (“CEQA”), in that it is not a project as the adoption of the Administrative Budget will not have the potential of causing a significant environmental effect and it can be seen with certainty that there is no possibility that the adoption of the Administrative Budget will have any significant effect on the environment; and
WHEREAS, the Third District Consolidated Oversight Board is scheduled to hold a regular meeting on January 9, 2024; and
WHEREAS, the Third District Consolidated Oversight Board is schedule to review and duly considered the Administrative Budget for the period July 2024 – June 2025, inclusive, attached as Exhibit 1, and other written evidence presented at the meeting.
NOW THEREFORE, THE SUCCESSOR AGENCY DOES HEREBY RESOLVE AND FIND AS FOLLOWS:
SECTION 1. The Successor Agency hereby finds and determines that the foregoing recitals are true and correct.
SECTION 2. The Successor Agency hereby approves and adopts the Administrative Budget for the period July 2024 – June 2025, inclusive, attached hereto as Exhibit 1.
SECTION 3. The Successor Agency authorizes the Community Development Director to:
(1) Provide an administrative cost estimate to the County Auditor-Controller for the period July 2024 – June 2025, inclusive, based upon the approved Administrative Budget; and
(2) Submit the Administrative Budget to the Department of Finance; and (3) Take such other actions and execute such other documents as are appropriate to effectuate the intent of this Resolution and to implement the Administrative Budget on behalf of the Successor Agency.
SECTION 4. The Secretary of the Successor Agency shall certify the adoption of this Resolution and thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
_____________________________
DOUGLAS SLOAN
Successor Agency Counsel
Exhibit 1
Successor Agency Administrative Budget
July 1, 2024 to June 30, 2025
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
July 1, 2024 to June 30, 2025
Department/Responsibilities
Community
Development
Oversees Successor Agency, prepares ROPS, PPA and acts as liaison to the Consolidated Oversight Board, Department of Finance, and County AuditorController. Works with Finance to facilitate payments of enforceable obligations and maintain records of Successor Agency.
POSITION (percent allocation) Budget
PRINCIPAL ADMINISTRATIVE ANALYST (15%) $34,349
SENIOR ADMINISTRATIVE ANALYST (10%) $19,374
DIRECTOR OF COMMUNITY DEVELOPMENT (2%) $8,456
TOTAL COMMUNITY DEVELOPMENT $62,179
Finance Processes Successor Agency payments for enforceable obligations, records accounting, oversees financial audit.
POSITION (percent allocation) Budget
DIRECTOR OF FINANCE (2%) $8,256
ACCOUNTING MANAGER (2%) $6,234
FINANCIAL REPORTING SUPERVISOR (2%) $4,302
TREASURY OPERATIONS SUPERVISOR (2%) $3,030
TOTAL FINANCE $21,822
City Attorney's Office Legal review of all Successor Agency actions, staff reports, resolutions, and reporting obligations. Attends Successor Agency and Oversight Board meetings.
POSITION (percent allocation) Budget
DEPUTY CITY ATTORNEY III (2%) $9,375
TOTAL CITY ATTORNEY'S OFFICE $9,375
Records and Elections
Services
Facilitates Successor Agency meetings, agendas, and minutes.
POSITION (percent allocation) Budget
DEPUTY CITY CLERK (2%) $2,959
TOTAL CITY ATTORNEY'S OFFICE $2,959
Staffing Budget $96,335
Supplies and Expenses
Financial Consulting
Services
$24,000
Audit Services $9,000
Insurance $-
Computer
Equipment/Software
$-
Supplies and Expenses
Budget
$33,000
Total Budget $129,335