RES-OB-0073 Proposed Administrative Budget ApprovalRESOLUTION NO. OB -0073
A RESOLUTION OF THE OVERSIGHT BOARD OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY APPROVING
PROPOSED ADMINISTRATIVE BUDGETS FOR
THE SIX -MONTH FISCAL PERIODS FROM JULY 1,
2017 THROUGH DECEMBER 31, 2017, AND FROM
JANUARY 1, 2018 THROUGH JUNE 30, 2018, AND
TAKING CERTAIN RELATED ACTIONS.
WHEREAS, pursuant to Health and Safety Code Section 341770), the Successor
Agency to the Orange Redevelopment Agency (the Successor Agency) must prepare a
proposed administrative budget for each six -month fiscal period (commencing each
January 1 and July 1) and submit each proposed administrative budget to the Oversight
Board of the Successor Agency (the Oversight Board) for approval; and
WHEREAS, the Successor Agency's proposed administrative budgets for the six -
month fiscal periods from July 1, 2017 through December 31, 2017 (Administrative Budget
17 -18A) and from January 1, 2018 through June 30, 2018 (Administrative Budget 17 -18B,
together with Administrative Budget 17 -18A, the Administrative Budgets) have been
presented to this Oversight Board for approval.
NOW, THEREFORE, the Oversight Board of the Successor Agency to the
Orange Redevelopment Agency does hereby find, determine, resolve, and order as
follows:
Section 1. The above recitals are true and correct and are a substantive part of
this Resolution.
Section 2. The Oversight Board hereby approves Administrative Budget 17-
18A and 17 -18B substantially in the form attached hereto as Exhibit A.
Section 3. The Staff of the Successor Agency are hereby authorized and
directed, jointly and severally, to do any and all things which they may deem necessary or
advisable to effectuate this Resolution and the Administrative Budgets, including making
any adjustment to the proposed Administrative Budgets to make them consistent with the
Successor Agency's Recognized Obligation Payment Schedule for fiscal year 2017 -18 (as
such Recognized Obligation Payment Schedule is approved by the State Department of
Finance).
Section 4. 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 regardless that one or
more portion may be determined to be invalid.
PASSED AND ADOPTED this 18 day of January 2017.
Teresa . Smith
Chairperson of the Oversight Board to the
Successor Agency of the Orange Redevelopment
Agency
ATTEST:
l a 'j - 9 'a,-y Av' C
Mary E. urphy
Clerk of t e Oversight Board
I hereby certify that the foregoing Resolution was duly and regularly adopted by
Oversight Board of the Successor Agency to the Orange Redevelopment Agency at a regular
meeting thereof held on the 18 day of January 2017, by the following vote:
AYES: BOARD MEMBERS: Buttress, Schulze, Remland, Davert, Christensen, Smith
NOES: BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: None
ABSTAIN: BOARD MEMBERS: None
h1b - j Cf
Mary E. Murphy
Clerk of the Oversight Board
Resolution No. OB -0073 2
EXHIBIT A
SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET 17 -18A
July 1, 2017 — December 31, 2017)
AND
ADMINISTRATIVE BUDGET 17 -18B
January 1, 2018 — June 30, 2018)
Resolution No. OB -0073
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FY 17 -18
ROPS 17 -18
ADMINISTRATIVE BUDGET FUNDED BY REDEVELOPMENT PROPERTY TAX TRUST FUND ( RPTTF)
Name of Vendor /Type of Expense Annual ROPS 17 -18A ROPS 17 -18B Funding Source Description of Service
Postage (940)300 150 150 RPTTF based on FY 2016 -17 budget
General SA Legal (940)20,000 10,000 10,000 RPTTF based on FY 2016 -17 budget
Training /seminars (940)500 250 250 RPTTF based on FY 2016 -17 budget
Office supplies (940)1,250 625 625 RPTTF based on FY 2016 -17 budget
G & A overhead allocation (940)89,126 44,563 44,563 RPTTF based on FY 2016 -17 budget
Subtotal Non - payroll Admin 111,176 55,588 55,588 RPTTF
SA payroll costs (940) 1 138,8241 69,412 1 69,412 1
payroll costs for SA staff involved in
wind -down activities
TOTAL FUNDED BY RPTTF: $250,000 $125,000 $125,000
Total Admin Budget for ROPS $250,000 $125,000 $125,000
Copy of Administrative Budget ROPS 17- 18,1/18/2017