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Home My WebLink About2011-06-14 - RESOLUTIONS - ANNUAL BUDGET (4)RESOLUTION NO. RDA 11-6 A RESOLUTION OF THE CITY OF SANTA CLARITA REDEVELOPMENT AGENCY, ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 2011-12, MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED, AND ESTABLISHING POLICIES FOR THE ADMINISTRATION OF THE ADOPTED ANNUAL BUDGET WHEREAS, a proposed Annual Budget for the City of Santa Clarita Redevelopment Agency for the fiscal year commencing July 1, 2011, and ending June 30, 2012, was submitted by the Executive Director to the Redevelopment Agency and is on file with the Agency Secretary, and WHEREAS, appropriations made pursuant to the budget of the Agency are exempt from provisions of Article XIIIB of the California Constitution where used for redevelopment activities, and WHEREAS, the Redevelopment Agency Board has held a Public Hearing on the proposed budget on May 24, 2011, and NOW, THEREFORE, the City of Santa..Clarita Redevelopment Agency does hereby resolve as follows: SECTION 1. The foregoing recitals are true and correct, and the Redevelopment Agency Board hereby so finds and determines. SECTION 2. The budget, on file with the Agency Secretary and incorporated herein by reference is hereby passed and adopted as the Annual Budget for the City of Santa Clarita Redevelopment Agency for the Fiscal Year commencing July 1, 2011, and ending June 30, 2012. SECTION 3. There is hereby appropriated to each account the sum shown for such account in the budget referenced herein above in Section 2. The appropriations provided for herein constitute the maximum amounts authorized for obligation and expenditure to finance the operations of the City of Santa Clarita Redevelopment Agency, and the Executive Director is authorized and empowered to expend such appropriations for said purpose. Additional appropriations shall be made only by official action of the Redevelopment Agency Board. SECTION 4. The Executive Director may approve any unused appropriations at the end of Fiscal Year 2010-11 for capital projects, special projects, and grant programs which shall be carried forward and become part of the budget referenced herein above in Section 2. SECTION 5. All purchase order commitments outstanding on June 30, 2011, are hereby continued and will become a part of the budget referenced herein above in Section 2. SECTION 6. The adopted budget for the Fiscal Year, commencing July 1, 2010 and ending June 30, 2011, shall be amended to incorporate the budget adjustments detailed in Exhibit A. SECTION 7. The Executive Director is hereby authorized to incur obligations, enter into contracts, and/or issue purchase orders, for not to exceed Fifty Thousand Dollars ($50,000) each without prior approval of the Agency, provided that such are consistent with the .budget adopted herein. SECTION 8. That the Agency hereby finds and determines: (a) That the expenditures authorized by this budget and the appropriations pursuant thereto are from tax allocation proceeds as specified in Subdivision B of Section 33670 of California Health & Safety Code or are proceeds of bonds which are secured solely by such tax allocation proceeds; and (b) That all of the expenditures and appropriations pursuant to the budget are for redevelopment activities consistent with California Health & Safety Code Section 33678 in that they are for carrying out the Newhall Redevelopment Project in accordance with California Health & Safety Sections 33020 and 33021, and primarily benefit the project area included in the above Redevelopment Project; and (c) That none of the funds are to be used for the purposes of paying for employee or contractual services for the City of Santa Clarita or any other local government activities as defined in California Health & Safety Code Sections 33020 and 33021 and -the powers -established in CommunityRedevelopment Law ,and. (d) That all of the planning and administrative expenditures and appropriations pursuant to the budget to be paid from the Low and Moderate Housing Fund for each Redevelopment Project are consistent with California Health and Safety Code Section 33334.3 in that they are necessary for the production, improvement, or preservation of low and moderate -income housing and are not disproportionate to the amounts budgeted for the costs or production, improvement, or preservations of that housing. SECTION 9. That the Secretary shall certify to the adoption of this Resolution. 1 0A PASSED, APPROVED, AND ADOPTED this 14th day of June 2011. CHAIR ATTEST: ACTING A DATE: CY/SECRETARY .-C-4 -I-X0 tl STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Kevin Tonoian, Acting City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted by the Redevelopment Agency of the City of Santa Clarita at a regular meeting thereof, held on the 14th day of June, 2011, by the following vote: AYES: AGENCY MEMBERS: Kellar, Ender, Ferry, Weste, McLean NOES: AGENCY MEMBERS None ABSENT: AGENCY MEMBERS None 1 3 STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF SANTA CLARITA ss. CERTIFICATION OF REDEVELOPMENT AGENCY RESOLUTION I, , City Clerk of the City of Santa Clarita, do hereby certify that this is a true and correct copy of the original Resolution No. RDA 11-6 adopted by the Redevelopment Agency of the City of Santa Clarita, California on June 14, 2011, which is now on file in my office. Witness my hand and seal of the City of Santa Clarita; California_ , this , day of 2011. Agency Secretary By Deputy Secretary rd 1 1 EXHIBIT A CITY OF SANTA CLARITA REDEVELOPMENT AGENCY Budget Adjustments (ALL FUNDS) Fisca I Year 2010-2011 Expenditure Adjustments Budget Adjustments Description 300 14403 5301.002 B&T Bqt Cyn $ 28,445 Interest on interfund loans 301 14404 5301.002 B&T Eastside 318,545 Interest on interfund loans 302 14405 5301.002 B&T Via Princessa 34,465 Interest on interfund loans 356 14650 5141.006 Stormdrain-Bridgeport (5,108) Adjust expenditure budget 356 14651 5141.006 Stonndrain-Creekside (5,428) Adjust expenditure budget 356 14652 5141.006 Stormdrain-Hidden Creek (3,672) Adjust expenditure budget 356 14653 5141.006 Stonndrain-Hart Pony (1,916) Adjust expenditure budget 550 19102 5301.001 CRA DS 20,000 Adjust expenditure budget 550 19102 5301.002 CRA DS 875,773 Interest payment on GF loan from 7/1/10-3/8/11 Expenditure Total $ 1,261,104 Capital Projects Budget Adjustments Description 230 C4010230 5161.001 NewhallBgt. Traffic Circ. 230 R0008230 5161.001 LED Stlight Demonstration 390 52005390 5161.001 Newhall Streelscape Ph 11 390 13400 5161.001 Redevelopement Agency Admin 601 R3001601 5161.001 SC Riverbank Stabilization 601 R0002601 5161.001 Env Land Bank Mitigation 306 E1002306 5161.001 South River Trail 306 R0002306 5161.001 Env Land Bank Mitigation 601 M0073601 5161.001 Asphalt Roadway Ph 11 601 M0072601 5161.001 Asphalt Roadway Ph 1 Citywide Strmdrains & Culverts 601 N0002601 5161.001 Upgrade 230 C4010230 5161.001 NHR/BgtCyn TraffCirculation GVR Widening & Median 230 53027230 5161.001 Landscape 305 P3011305 5161.001 SCSC Ph IV Gym & Parking 305 P3010305 5161.001 SCSC Pit IV Design & Const 305 M1013305 5161.001 Val Heritage Pk Sewer Repair 305 M4011305 5161.001 Cen Park Electrical Repairs 601 B2010601 5161.001 1-5 Lyons Beautification 357 B2010357 5161.001 1-5 Lyons Beautification Capital Improvement Projects Total 11 $ (2,852) Budget adjustment 2,852 Budget adjustment (25,000) Transfer to fund Newhall Creek Floodplane Study 25,000 Transfer to fund Newhall Creek Floodplane Study (36,000) Transfer to fund upcoming land purchases, with the potential to offset 36,000 future project requirements and protect natural open space (50,000) Transfer to fund upcoming land purchases, with the potential to offset 50,000 future project requirements and protect natural open space (8,425) Transfer to fund new GALENA project. Transfer ttill provide conceptual (5;075) design for the citywide upgrade to stormdrains and culverts which is DUE 13,500 to CALEMA on July 1. (9,075) Transfer to address additional needs for stormdrain transfer fee to the County of LA, and to provide for geotechnical plan as required by the 9,075 County for the transfer. (34,060) Transfer to address the emergency sewer repair at the Valencia Heritage (15,940) park. 50,000 18,205 Funds to pay for the electrical repairs and evaluation required at Central Park Ph 2. (26,600) Budget adjustment 26,600 Budget adjustment $ 18,205 5