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OBRES 2015-004RESOLUTION NO.OB 2015 - 004 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE PERIOD OF JANUARY 1, 2016 THROUGH JUNE 30, 2016. WHEREAS, the Oversight Board of the Successor Agency to the La Quinta Redevelopment Agency ("Oversight Board" or "Successor Agency," as applicable) has been established to direct the Successor Agency to take certain actions to wind down the affairs of the former La Quinta Redevelopment Agency ("Agency") in accordance with the California Health and Safety Code; and WHEREAS, the Agency was engaged in activities to execute and implement the Project Area No. 1 Redevelopment Plan and the Project Area No. 2 Redevelopment Plan (collectively, the "Redevelopment Plans") pursuant to the provisions of the California Community Redevelopment Law (Health and Safety Code § 33000, et seq.) ("CRL"); and WHEREAS, as part of the 2011/2012 State budget bill, the California Legislature enacted and the Governor signed, ABx1 26 requiring that each redevelopment agency be dissolved; and WHEREAS, an action challenging the constitutionality of ABx1 26 and companion bill ABx1 27 was filed in the California Supreme Court by the California Redevelopment Association, the League of California Cities, and two individual cities; and WHEREAS, on December29, 2011, the Court upheld ABx1 26; and WHEREAS, Health and Safety Code Section 341770) requires each successor agency to prepare a proposed administrative budget every six months setting forth the successor agency's estimated administrative costs of carrying out the wind -down activities of the former redevelopment agency, .proposing sources of payment for such estimated administrative costs, and proposing for arrangements for administrative.. and operations services provided by a city, county.and/or other entity; and WHEREAS, the Successor Agency has prepared a proposed administrative budget for the six-month period January 1, 2016 through June 30, 2016 (the "Administrative Budget"); and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. Resolution No. OB 2015-004 Adoption of SA Administrative Budget Adopted: September 16, 2015 Page 2 of 2 NOW THEREFORE, BE IT RESOLVED the Oversight Board of the Successor Agency to the La Quinta Redevelopment Agency does hereby resolve as follows: SECTION 1. Recitals. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. Approval of Administrative Budget. The Oversight Board hereby approves the Administrative Budget, which Administrative Budget is attached hereto as Exhibit A. SECTION 3. Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Oversight Board hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof. SECTION 4. The Oversight Board Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED at the meeting of the Oversight Board held this 16th day of September, 2015, by the following vote: AYES: Board Members Henderson, Howell, Marshall, Novak and Chair Osborne NOES: None ABSENT: Board Members Maysels, Nelson ABSTAIN: None L OSBORNE, Chairperson versight Board of the Successor Agency to the La Quints Redevelopment Agency ATTEST: PAM NIETO Oversight Board Secretary C/Ar110A I P1 SUCCESSOR AGENCY/OVERSIGHT BOARD January 1, 2016 to June 30, 2016 ADMINISTRATIVE BUDGET (Submitted on ROPS 15-168) PERSONNEL $158,509 Includes base salary plus benefits for Finance, City Clerk, and City Manager's Office to administer Successor Agency functions and to administer Oversight Board support. SUPPLIES & SERVICES CONTRACT SERVICES $42,550 This account provides for legal, consulting, and audit services plus a portion of League of California Cities and California Redevelopment Agency dues related to technical assistance and training. Audits as required by ABx1 26 $5,000 League of California Cities Dues & Seminars/Webinars related to ABxl 26 $1,950 Legal Services for Successor Agency $25,000 Consulting Services for Successor Agency $10,600 SUPPLIES AND PUBLICATIONS $4,064 This account provides for various office supplies and publications to be used by SA and OB staff and board members Successor Agency Supplies & Publications $2,564 Oversight Board Supplies & Publications $1,500 PRINTING/MAILING/ADVERTISING $1,000 $1,000 This account provides for required mailings, agenda printing, and legal advertising INFORMATION TECHNOLOGY $8,000 This account provides for annual replacement charges for information technology items such as computers, printers, and computer related items attributable to SA/OB; and support/hosting for SA/OB web pages, which are required by ABxl 26 $5,500 Computer Document Storage related to Successor Agency $2,000 On -Line Muni Code related to Successor Agency $500 OFFICE & EQUIPMENT This account provides for office space rental and equipment usage in City Hall Rent $5,000 Equipment $2,000 TOTAL ADMINISTRATIVE BUDGET FUNDING SOURCES: Total Administrative Costs 3% Administrative Allowance per ROPS 15-16A Excess Administrative costs $7,000 $221,123 $221,123 $221,123 $0