HomeMy WebLinkAbout2019-06-18; City Council; Resolution 2019-093RESOLUTION NO. 2019-093
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA ACTING AS SUCCESSOR AGENCY FOR THE CARLSBAD
REDEVELOPMENT AGENCY, ADOPTING THE OPERATING BUDGET OF THE
SUCCESSOR AGENCY AND ENFORCEABLE OBLIGATIONS OF THE CITY OF
CARLSBAD'S REDEVELOPMENT OBLIGATION RETIREMENT FUND FOR
FISCAL YEAR 2019-20.
EXHIBIT 7
WHEREAS, the City Council of the 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 2019-20; 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 of the 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 2019-20 Preliminary Operating Budget and FY 2019-20 to 2033-34 Capital
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Improvement Program -Preliminary," as amended, if necessary, in accordance with Exhibit 7-A
attached hereto and incorporated by reference herein, is hereby adopted as the Operating Budget for
the Carlsbad Redevelopment Obligation Retirement Fund for FY 2019-20, along with any Program
Options and/or adjustments, if any, determined by the City Council as set forth in the minutes of the
Council's meeting of Tuesday, June 18, 2019.
3. That the amounts reflected as estimated revenues for FY 2019-20 are hereby
adopted as the budgeted revenues for FY 2019-20.
4. That the amount designated as FY 2019-20 Budget request in Exhibit 7-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
June 18, 2019 Item #5 Page 101 of 197
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 of the 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 outstanding encumbrances as of June 30, 2019, are hereby continued
into FY 2019-20 for such contracts and obligations, as approved by the Oversight Board.
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 18th day of June, 2019, by the following vote to wit:
AYES: Blackburn, Bhat-Patel, Schumacher, Hamilton.
NAYS: Hall.
ABSENT: None.
ATTEST:
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BARBARA ENGLESON, City Cle;: .,
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June 18, 2019 Item #5 Page 102 of 197