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HomeMy WebLinkAbout2011-06-21; Housing & Redevelopment Commission; Resolution 504Exhibit 5 1 RESOLUTION NO. 504 2 A RESOLUTION OF THE HOUSING AND REDEVELOPMENT COMMISSION OF THE CITY OF 3 CARLSBAD, CALIFORNIA, APPROVING THE 4 OPERATING BUDGET OF THE REDEVELOPMENT AGENCY AND HOUSING AUTHORITY FOR FISCAL 5 YEAR 2011-12. 6 WHEREAS, the Housing and Redevelopment Commission of the City of 7 Carlsbad, California (the Commission), has reviewed the operating budget for the8 g Redevelopment Agency for Fiscal Year 2011-12 ; and 10 WHEREAS, the Commission finds that the annual operating budget for the 11 Redevelopment Agency is consistent with approved Implementation Plans and/or 12 Reimbursement and Repayment Agreements, and the goals and objectives of the 13 approved Redevelopment Plans; and 14 WHEREAS, the Commission has determined that the planning and administrative expenses set forth in the annual operating budget for the Redevelopment 16 Agency are necessary and appropriate for implementation of redevelopment activities in 17 Fiscal Year 2011-12; and18 WHEREAS, the Commission has set-aside 20% of the tax increment funds of 20 said Agency in a Low and Moderate Income Housing Fund to be used for the purposes 21 of increasing and improving the community's supply of low- and moderate-income 22 housing; and 23 WHERAS, the Commission finds that the amount of Low and Moderate Income Housing Funds to be expended for planning and general administrative activities 25 associated with the development, improvement, and preservation of housing for low and 26 moderate income households is not disproportionate to the amount set-aside to be 27 spent for the costs of production, improvement or preservation of said housing; and 28 19 Exhibit 5 1 WHEREAS, the Commission has determined that the planning and 2 administrative expenses are necessary for the production, improvement or preservation of low- and moderate-income housing; and 4 WHEREAS, the Commission has reviewed the operating budget for the Housing 5 Authority Section 8 Programs, for Fiscal Year 2011-12; and 6 WHEREAS, public hearings have been held as necessary prior to the adoption of 7 the final operating budgets.8 9 NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment 10 Commission of the City of Carlsbad, California as follows: 11 1. That the above recitations are true and correct. 12 2. That certain documents now on file in the office of the City Clerk entitled 13 "City of Carlsbad, 2011-12 Operating Budget and 2011-12 to Buildout Capital 14 Improvement Program - Preliminary," as amended in accordance with Exhibit 5-A attached hereto and incorporated by reference herein, is hereby adopted as the 16 Operating Budgets for the Carlsbad Redevelopment Agency and Housing Authority 17 Section 8 Programs for the Fiscal Year 2011-12, along with any Program Options 18 determined by the City Council as set forth in the minutes of the Council's meeting of 2Q Tuesday, June 21, 2011, and that all funding for planning and administrative expenses 21 has been determined to be necessary and appropriate for implementation of Agency 22 and Authority activities in Fiscal Year 2011-12. 23 3. That the amounts reflected as estimated revenues for Fiscal Year 2011-12 are hereby adopted as the budgeted revenues for 2011-12. 25 26 27 28 Exhibit 5 1 4. That the amount designated as 2011-12 Budget request in Exhibit 5-A is 2 hereby appropriated to the fund for which it is designated, and such appropriation shall not be increased except as provided herein. 4 5. That the following controls are hereby placed on the use and transfers of 5 budget funds: 6 A. No expenditure of funds shall be authorized unless sufficient funds 7 have been appropriated by the Commission or Executive Director as described below.8 g i. The Executive Director may authorize all transfers of funds 10 from account to account within the same fund in an amount up to $100,000 per transfer. 11 ii. The Executive Director may delegate the authority to make 12 budget transfers and adjustments. 13 iii. The Executive Director may authorize budget adjustments 14 involving offsetting revenues and expenditures; the Executive Director is authorized to increase an appropriation for a specific purpose where said appropriation is offset by 16 unbudgeted revenue which is designated for said specific purpose. 17 B. The Commission must authorize any increase in the number of 18 authorized permanent personnel positions above the level identified in the final Budget. 2Q The Executive Director may authorize the hiring of temporary or part time staff as 21 necessary, within the limits imposed by the controls listed above. 22 6. That all appropriations and outstanding encumbrances as of June 30, 23 2011, are hereby continued into 2011-12 for such contracts and obligations. 24 /// 25 /// 26 27 28 /= 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Carlsbad Housing and Redevelopment Commission, Carlsbad City Council, Carlsbad Municipal Water District Board of Directors held on the 21st day of June 2011, by the following vote to wit: AYES: Commission Members Hall, Kulchin, Blackburn, Douglas, Packard. NOES: None. ABSENT: None. MATT HALL, Chairman ATTEST: / LtSA HILDABRAND, Secretary (SEAL) ' ESTABLISHED'' 197° CARLSBAD REDEVELOPMENT AGENCY - CAPITAL IMPROVEMENT PROGRAM FY 2011-12 TO 2026 PROJECT TITLE CARLSBAD BLVD. REALIGNMENT SCCRATO GCC FOR CARLSBAD BLVD. REALIGNMENT STUDY (LOAN) SCCRATOTRANSNET-LOC FOR CARLSBAD BLVD. REALIGNMENT STUDY (LOAN) NEW VILLAGE ARTS TENANT IMPROVEMENTS STREETSCAPE IMPROVEMENTS VILLAGE PUBLIC PARKING ENHANCEMENT PROGRAM CARLSBAD BLVD. AT STATE ST - PEDESTRIAN ENHANCEMENT TOTAL ALL REDEVELOPMENT PROJECTS FUND REDVL SCCRDA REDVL SCCRDA REDVL SCCRDA REDVL VILLAGE REDVL VILLAGE REDVL VILLAGE REDVL VILLAGE TOTAL BUDGET 3,250,000 256,301 3,000,000 1,500,000 400,000 850,000 100,000 9,356,301 PRIOR EXP/ENC 134,893 - 148,162 - - 283,055 BALANCE FORWARD 3,115,107 1,500,000 251,838 . - 4,866,945 YEAR1 YEAR 2 YEAR 3 YEAR 4 YEARS YEAR 6-10 2011-12 2012-13 2013-14 2014-15 2015-16 2017-2021 YEAR 11 -15 2022 - 2026 256,301 3,000,000 850,000 100,000 950,000 3,256,301 mx