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OBRES 2016-002RESOLUTION NO. OB 2016 - 002 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 JULY 1, 2016 THROUGH JUNE 30, 2017 WHEREAS, the Oversight Board of the Successor Agency to 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 2011-12 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 December 29, 2011, the Court upheld ABx1 26; and WHEREAS, Health and Safety Code Section 34177(j) requires each Successor Agency to prepare a proposed administrative budget annually 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 period July 1, 2016 - June 30, 2017 (the "Administrative Budget") attached hereto as Exhibit A; and WHEREAS, on January 19, 2016 the Successor Agency reviewed and approved the Administrative Budget; and; Resolution No. OB 2016-002 SA Administrative Budget - FY 2016/17 Adopted: January 20`h, 2016 Page 2 • WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW THEREFORE, BE IT RESOLVED, by the Oversight Board of Successor Agency to La Quinta Redevelopment Agency, does hereby resolve cis 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 is attached hereto as Exhibit A and is on file with the Secretary of the Oversight Board and the Secretary of the Successor Agency. 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 of the Successor Agency to La Quinta Redevelopment Agency held this 20th day of January, 2016, by the following vote: AYES: Henderson, Marshall, Maysels, Nelson NOES: None ABSENT: Howell, Osborne, Novak ABSTAIN: None ATTEST: TERESA THOMPSON FOR PAM NIETO Secretary to the Oversight Board Pe -r Nelson, Vice Chairperson Oversight Board of the Successor Agency to La Quinta Redevelopment Agency EXHIBIT A SUCCESSOR AGENCY/OVERSIGHT BOARD JULY 2016 TO JUNE 2017 ADMINISTRATIVE BUDGET PERSONNEL $99,700 City Manager $23,700 Accounting Manager $21,100 Finance Director $18,800 Management Assistant $7,400 Deputy City Clerk $3,400 City Clerk $6,600 Financial Services Specialist $18,700 SUPPLIES & SERVICES $2,000 CONTRACT SERVICES This account provides for legal, consulting, and audit services plus a portion of League of Califomia Cities and California Redevelopment Agency dues related to technical assistance and training. Audits as required by ABx1 26 $10,000 League of California Cities Dues & Seminars/Webinars related to ABx1 26 $1,900 Legal Services for Successor Agency $45,200 Consulting Services for Successor Agency $63,200 SUPPLIES AND PUBLICATIONS This account provides for various office supplies and publications to be used by SA and OB staff and board members Successor Agency Supplies & Publications Oversight Board Supplies & Publications PRINTING/MAILING/ADVERTISING This account provides for required mailings, agenda printing, and legal advertising INFORMATION TECHNOLOGY 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 ABx1 26 $2,500 $1,500 $3,500 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 Equipment $15,000 $2,000 $120,300 $4,000 $1,000 $6,000 $17,000 TOTAL ADMINISTRATIVE BUDGET $250,000