HomeMy WebLinkAboutAGENDA REPORT 2012 0321 CC REG ITEM 09C ITEM 9.C.
,11 R, 00R;-ARK cr O;
City Cowncil Meeting
ACTION:,2vja
MOORPARK CITY COUNCIL
AS SUCCESSOR AGENCY OF THE ,
REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK
AGENDA REPORT
TO: Honorable City Council
FROM: David C. Moe ll, Redevelopment Manager �U
DATE: March 7, 2012 (Successor Agency Meeting of March 21, 2012)
SUBJECT: Consider Adopting an Administrative Budget as Required by ABX1 26
for the Successor Agency of the Redevelopment Agency of the City of
Moorpark
BACKGROUND & DISCUSSION
On June 29, 2011, as part of adopting the State of California Fiscal Year (FY) 2011-12
budget, the Governor signed two trailer bills, ABX1 26 ("Dissolution Act") and ABX1 27
("Voluntary Alternative Redevelopment Program"), into law. The legislation became
effective on June 29, 2011. The California Redevelopment Association and League of
California Cities sued the State of California on the grounds that ABX1 26 and 27 were
unconstitutional. The California Supreme Court upheld ABX1 26 and declared ABX1 27
unconstitutional. This ruling eliminated redevelopment agencies throughout California.
On January 4, 2012, the City of Moorpark ("City") confirmed the fact that the City will
serve as the Successor Agency of the Redevelopment Agency of the City of Moorpark.
ABX1 26 requires a successor agency to prepare an administrative budget for the
oversight board's approval and pay administrative expenses every six months.
Administrative expenses are limited to 5% of the allocated tax increment to the
successor agency in FY 2011/12 and 3% annually thereafter; however, the amount
permitted for administrative expenses shall not be less than $250,000.00. The
Successor Agency of the Redevelopment Agency of the City of Moorpark will receive
$250,000.00 for administrative expenses. . Any staff time associated with finishing
existing projects and selling the assets does not apply to the administrative cap.
Staff recommends adopting the attached Administrative Budget ("Attachment 1") for the
period of February 1, 2012 — June 30, 2012.
5
Honorable City Council
March 21, 2012
Page 2
FISCAL IMPACT
None.
STAFF RECOMMENDATION (ROLL CALL VOTE)
Adopt attached Administrative Budget for the Successor Agency of the Redevelopment
Agency of the City of Moorpark.
Attachment 1 Administrative Budget
6
Attachment 1
Successor Agency of the former Redevelopment Agency of the City of Moorpark
Administrative Budget
Period Funding Sources
2/1/12 - Tax Bond Low/Mod Reserve Red. Property
Expense 6/30/12 Increment Proceeds Housing Fund Balance Tax Trust Fund Detail
Salary, Benefits and
Overhead 238,670.00 238,670.00
Office Supplies 630.00 630.00 Paper, Pens, Ink Cartridges
Publications & Various Successor Agency
Subscriptions 40.00 40.00 Publications
Mileage Allowance- RDA
Mileage Reimbursement 80.00 80.00 Manager
Postage 80.00 80.00 Mailings
Printing 80.00 80.00 Printing and Copying
Advertising 130.00 130.00 Notices in Newspaper
Miscellaneous Consultant
Contractual Services 10,000.00 10,000.00 Services
aintaining xistrng ice
Office Equipment Maint. 290.00 1 1 1 1 290.00 Equipment
Total: 250,000.00 250,000.00