HomeMy WebLinkAbout2012-06-26; City Council; Resolution 2012-1651
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Exhibit f?,
RESOLUTION NO. 2012-165
2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA ACTING AS SUCCESSOR
3 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
6 FOR FISCAL YEAR 2012-13.
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WHEREAS, the City Council of the City of Carlsbad, Califomia 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 fomier Carlsbad Redevelopment Agency and repay all enforceable obligations.
13 WHEREAS, the City Council as the Successor Agency for the Carlsbad
14 Redevelopment Agency and the appointed Oversight Board have reviewed the
II proposed Operating Budget for the Agency and previously approved the Enforceable
Debt Obligations to be repaid from the Redevelopment Obligation Retirement Fund for
FY 2012-13, 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,
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2311 and
24 WHEREAS, public hearings have been held as necessary prior to the adoption of
the final operating budgets.
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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, Califomia 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 2012-13 Preliminary Operating Budget and FY 2012-13 to
2026-27 Capital Improvement Program - Preliminary," as amended in accordance with
Exhibit 12-A attached hereto and incorporated by reference herein, is hereby adopted
as the Operating Budget for the Carlsbad Redevelopment Obligation Retirement Fund
for FY 2012-13, along with any Program Options determined by the City Council as set
forth in the minutes of the Council's meeting of Tuesday, June 26, 2012.
3. That the amounts reflected as estimated revenues for FY 2012-13 are
hereby adopted as the budgeted revenues for FY 2012-13.
4. That the amount designated as FY 2012-13 Budget request in Exhibit 12-
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.
1 li. The City Manager, as Executive Director of the Successor
2 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
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g approved in advance by the Oversight Board.
10 B. The Successor Agency must authorize any increase in the number
11 of authorized permanent personnel positions above the level identified in the final
12 Budget. The City Manager, as Executive Director of the Successor Agency, may
13 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,
2012, are hereby continued into FY 2012-13 for such contracts and obligations, as
approved by the Oversight Board.
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PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the
Carlsbad City Council as Successor to the Carlsbad Redevelopment Agency, Carlsbad
City Council, Carlsbad Municipal vVater District Board of Directors and Carlsbad
Housing and Redevelopment Commissiu!! held on the 26*^ day of June, 2012, by the
following vote to wit:
AYES:
NOES:
Council Members Hall, Kulchin, Blackburn, Douglas and Packard.
None.
ABSENT: None.
MATKHALL, Mayor
ATTEST:
RAINE M. WOOD, City Clerk LORfRAiN
(SEAL)