HomeMy Public PortalAbout2012.009 - LSA (04-17-12)RESOLUTION NO. 2012.009
A RESOLUTION OF THE CITY OF LYNWOOD AS SUCCESSOR AGENCY TO THE
LYNWOOD REDEVELOPMENT AGENCY APPROVING A DRAFT SUCCESSOR
AGENCY ADMINISTRATIVE BUDGET FOR FISCAL YEAR 2011 -12 PURSUANT TO
ABX1 26
WHEREAS, pursuant to the California Community Redevelopment Law (Health
and Safety Code Sections 33000 et seq.), the City Council of the City of Lynwood
( "City ") created the Lynwood Redevelopment Agency ( "Agency "); and
WHEREAS, as part of the 2011 -2012 State budget bill, the California State
Legislature enacted, and the Governor signed, companion bills ABX1 26 and ABX1 27,
which eliminates every redevelopment agency unless the community that created it
adopts an ordinance agreeing to participate in an Alternative Voluntary Redevelopment
Program, which requires the payment of an annual "community remittance" payment;
and
WHEREAS, the California League of Cities and the California Redevelopment
Association filed suit in the Supreme Court of the State of California challenging the
constitutionality of ABX1 26 and ABX1 27; and
WHEREAS, on December 29, 2011, the California Supreme Court upheld the
constitutionality of ABX1 26 but deemed ABX1 27 unconstitutional, effectively
eliminating all redevelopment agencies in the State of California as of February 1, 2012;
and
WHEREAS, pursuant to ABX1 26, the City Council of the City of Lynwood
adopted Resolution No. 2012.010 on January 10, 2012, affirmatively electing to serve
as the "Successor Agency" to the Agency; and
WHEREAS, ABX1 26 requires the Successor Agency to prepare and submit a
Successor Agency Administrative Budget ( "Administrative Budget ") for approval by an
appointed oversight board, in accordance with Health and Safety Code Section
341770); and
WHEREAS, pursuant to ABX1 26, the Successor Agency will be allocated an
Administrative Cost Allowance, as defined in Health and Safety Code Section 34171(b),
which provides for an annual minimum of $250,000 and an annual cap, beginning in
fiscal year 2012 -13, of three percent (3 %) of the total annual allocation of property tax
revenues by the Los Angeles County Auditor - Controller from the Redevelopment
Property Tax Trust Fund to the Successor Agency's Redevelopment Obligation
Retirement Fund for the payment of enforceable obligations contained in the Successor
Agency's Recognized Obligation Payment Schedule ( "ROPS "), prepared and approved
pursuant to Health and Safety Code Section 34177(1); and
WHEREAS, Exhibit "A" to this resolution presents a draft Administrative Budget
of $352,774 for fiscal year 2011 -12.
NOW, THEREFORE, THE CITY OF LYNWOOD AS SUCCESSOR AGENCY
TO THE LYNWOOD REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS
FOLLOWS:
Section 1. Recitals. The Recitals set forth above are true and correct and
incorporated herein by reference.
Section 2. Approval of Draft Administrative Budget The City of Lynwood
as Successor Agency hereby approves the Draft Successor Agency Administrative
Budget for fiscal year 2011 -12, in substantially the form attached hereto as Exhibit "A,"
as required by ABX1 26, enacted in during the 2011 legislative year.
Section 3. Transmittal to Appropriate Agencies The Executive Director is
hereby authorized and directed to submit a six -month Draft Successor Agency
Administrative Budget, based on the annual 2011 -12 Administrative Budget, to a duly
appointed oversight board for review and approval, prior to transmittal to the Los
Angeles County Auditor - Controller.
Section 4. Necessary and Appropriate Adjustments The Executive
Director is hereby authorized and directed to use his discretion to make necessary and
appropriate adjustments to the Draft Successor Agency Administrative Budget prior to
submittal to a duly appointed oversight board.
PASSED, APPROVED and ADOPTED this 17 day of April, 2012.
Jim Morton, M yor
ATTEST:
-City Clerk
ar onez, 7
APPROVED AS TO FORM:
Fr Galante, City Attorney
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
APPROVED AS TO CONTENT:
'i�a k:�2
Robert S. Torrez, Assist nt Manager
I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the
Lynwood Redevelopment Agency, do hereby certify that the foregoing Resolution was
passed and adopted by the City Council of the City of Lynwood at a regular meeting
held on the 17 day of April, 2012.
AYES: COUNCIL MEMBERS CASTRO, RODRIGUEZ, SANTILLAWBEAS,
ALATORRE AND MORTON
NOES NONE
ABSENT NONE
ABSTAIN: NONE
i
Maria Quinonez, City Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the
Lynwood Redevelopment Agency, do hereby certify that the above foregoing is a full,
true and correct copy of Resolution No. 2012.009 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated. Dated this 17 day
of April, 2012.
Maria Quinonez, City Clerk