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HomeMy WebLinkAbout2017-06-13; City Council; Resolution 2017-109RESOLUTION NO. 2017-109 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA ACTING AS SUCCESSOR AGENCY FOR THE CARLSBAD REDEVELOPMENT AGENCY, APPROVING THE OPERATING BUDGET OF THE SUCCESSOR AGENCY AND ENFORCEABLE OBLIGATIONS OF THE CITY OF CARLSBAD'S REDEVELOPMENT OBLIGATION RETIREMENT FUND FOR FISCAL YEAR 2017-18. EXHIBIT 6 WHEREAS, the City Council ofthe City of Carlsbad, California has been designated as the Successor Agency for the Carlsbad Redevelopment Agency and, as such, is responsible for the administrative responsibilities required to complete the work of the former Carlsbad Redevelopment Agency and repay all enforceable obligations; and WHEREAS, the City Council as the Successor Agency for the Carlsbad Redevelopment Agency and the appointed Oversight Board have reviewed the proposed Operating Budget for the Agency and previously approved the Enforceable Debt Obligations to be repaid from the Redevelopment Obligation Retirement Fund for FY 2017-18; and WHEREAS, the Successor Agency finds that the proposed Operating Budget for the Agency and the Oversight Board approved debt obligations of the Redevelopment Obligation Retirement Fund is consistent with the Recognized Obligation Payment Schedule prepared by the Successor Agency and approved by the Oversight Board; and WHEREAS, public hearings have been held as necessary prior to the adoption of the final operating budgets. NOW, THEREFORE, BE IT RESOLVED by the City Council ofthe City of Carlsbad, California acting as Successor Agency for the Carlsbad Redevelopment Agency as follows: 1. That the above recitations are true and correct. 2. That certain documents now on file in the office of the Carlsbad City Clerk entitled "City of Carlsbad, FY 2017-18 Preliminary Operating Budget and FY 2017-18 to 2031-32 Capital Improvement Program-Preliminary," as amended in accordance with Exhibit 6-A attached hereto and incorporated by reference herein, is hereby adopted as the Operating Budget for the Carlsbad Redevelopment Obligation Retirement Fund for FY 2016-17, along with any Program Options determined by the City Council as set forth in the minutes of the Council's meeting of Tuesday, June 13, 2017. 3. That the amounts reflected as estimated revenues for FY 2017-18 are hereby adopted as the budgeted revenues for FY 2017-18. 4. That the amount designated as FY 2017-18 Budget request in Exhibit 6-A is hereby appropriated to the fund for which it is designated, and such appropriation shall not be increased except as provided herein. 5. That the following controls are hereby placed on the use and transfers of budget funds: A. No expenditure of funds shall be authorized unless sufficient funds have been appropriated by the Successor Agency or designee, as described below. i. The City Manager, as Executive Director for the Successor Agency, may authorize all transfers of funds from account to account within the same fund in an amount up to $100,000 per transfer. ii. The City Manager, as Executive Director of the Successor Agency, may delegate the authority to make budget transfers and adjustments. iii. The City Manager, as Executive Director of the Successor Agency, may authorize budget adjustments involving offsetting revenues and expenditures; the City Manager, as Executive Director of the Successor Agency, is authorized to increase an appropriation for a specific purpose where said appropriation is offset by unbudgeted revenue which is designated for said specific purpose, and is approved in advance by the Oversight Board. B. The Successor Agency must authorize any increase in the number of authorized permanent personnel positions above the level identified in the final Budget. The City Manager, as Executive Director ofthe Successor Agency, may authorize the hiring of temporary or part- time staff as necessary, within the limits imposed by the controls listed above and subject to the Operations Budget for the Successor Agency. 6. That all appropriations and outstanding encumbrances as of June 30, 2017, are hereby continued into FY 2017-18 for such contracts and obligations, as approved by the Oversight Board. II II II II II !I II II II II II II II PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Carlsbad City Council, Carlsbad Municipal Water District Board of Directors, Carlsbad Public Financing Authority Board of Directors, Community Development Commission, and City of Carlsbad as Successor Agency to the Redevelopment Agency, held on the 13th day of June, 2017, by the following vote to wit: AYES: M. Halt K. Blackburn, M. Schumacher, C. Schumacher, M. Packard NOES: None. ABSENT: None. ATIEST: Page 652 EXHIBIT6A PROGRAM: SUCCESSOR AGENCY (REDEVELOPMENT) OPERATIONS VILLAGE AREA FUND: TRUST PROGRAM GROUP: COMMUNITY & ECONOMIC DEVELOPMENT ACCT NO. 8012410 2014-15 2015-16 2016-17 2017-18 ACTUAL ACTUAL BUDGET BUDGET PERSONNEL $107,934 $108,227 $117,502 $119,248 MAINTENANCE & OPERATIONS 1,153,512 4,777,026 1,283,023 1,086,871 CAPITAL OUTI.A Y 0 0 0 0 GRAND TOTAL $1,261,446 $4,885,253 $1,400,525 $1 ,206,119 FULL TIME POSITIONS 0.85 0.85 0.85 0.85 HOURL Y/FTE POSITIONS 0.00 0.00 0.00 0.00 PROGRAM ACTIVITIES: • Complete various activities associated with dissolution of the Redevelopment Agency. • Complete any projects set forth within the approved Recognized Obligation Payment Schedule (ROPS) and ensure payment of all debt obligations as set forth by the Oversight Board. • Coordinate the activities of the Oversight Board, and complete assignments of the Oversight Board. • Transfer ownership of redevelopment agency property to appropriate agency, or sell said property as set forth by the Oversight Board. KEY ACHIEVEMENTS 2016-17: • Successfully completed all of the required financial audits for the sunset of the program. • Partnered and worked collaboratively to reach approval by the State of California's Department of Finance. KEY GOALS 2017-18: • HNS staff will coordinate with the City Attorney's Office, Finance Department, the Oversight Board, the State of California and County of San Diego to ensure proper implementation of the Successor Agency and take appropriate actions to continue to dissolve the former redevelopment agency in a timely manner and ensure repayment of all approved debt obligations. • Complete approved redevelopment projects as set forth within the certified ROPS and submit all required reports on dissolution activities to the State of California and the County of San Diego. SIGNIFICANT CHANGES: • None.