SACIC Resolution 16-04SUCCESSOR AGENCY TO THE COMMUNITY IMPROVEMENT COMMISSION OF
THE CITY OF ALAMEDA RESOLUTION NO. 16-04
APPROVING AND ADOPTING THE BUDGET FOR FISCAL YEAR
2016-17
WHEREAS, the Community Improvement Commission of the City of Alameda (the
“Former Agency”) was duly created pursuant to the California Community Redevelopment
Law (Part 1 [commencing with Section 33000] of Division 24 of the California Health and
Safety Code) (“Redevelopment Law”); and
WHEREAS, Assembly Bill x1 26 (“AB x1 26”) was signed by the Governor of
California on June 28, 2011, and was held by the California Supreme Court to be largely
constitutional on December 29, 2012; and
WHEREAS, as a result of the Supreme Court’s decision, on February 1, 2012, all
California redevelopment agencies were dissolved, and successor agencies were
established as successor entities to the former redevelopment agencies pursuant to
Health and Safety Code section 34173(a); and
WHEREAS, the City Council adopted Resolution No. 14643 on January 4, 2012,
electing for the City to serve as the Successor Agency to the Community Improvement
Commission of the City of Alameda (the “Successor Agency”) upon the dissolution of the
Former Agency; and
WHEREAS, on June 27, 2012, the Governor of California signed into law
Assembly Bill 1484 amending AB x1 26 and adding additional requirements to the
successor agencies; and
WHEREAS, the Successor Agency is tasked with paying, performing, and
enforcing the obligations and winding down the affairs of the Former Agency; and
WHEREAS, pursuant to Health and Safety Code sections 34177(j) and (l), before
each six month fiscal period the Successor Agency must prepare and submit an
administrative budget and a Recognized Obligation Payment Schedule (“ROPS”) to the
Oversight Board for approval; and
WHEREAS, the ROPS must also be submitted to the County Administrative
Officer, County Auditor-Controller, State Controller’s Office, State Department of Finance,
and be posted online; and
WHEREAS, there has been submitted to and filed with the Board of the Successor
Agency at this meeting, a budget representing the financial plan for conducting the affairs
of the Successor Agency for the Fiscal Year beginning July 1, 2016 and ending June 30,
2017; and
WHEREAS, the Board of the Successor Agency has considered this budget at a
duly noticed regular meeting of the Successor Agency at which time members of the
public were afforded an opportunity to express their views; and
WHEREAS, the Board of the Successor Agency has given this budget due
consideration as to its projected revenues, anticipated expenditures and available fund
balances.
NOW, THEREFORE, BE IT RESOLVED by the Successor Agency that said
budget as submitted at this meeting is hereby approved and adopted as budget for the
Successor Agency for Fiscal Year (FY) 2016-17, and that the expenditures are hereby
approved and authorized as the total appropriations for the FY ending June 30, 2017 and
June 30, 2017 as follows:
1. The proposed 2016-17 Budget in the total appropriation of $21,127,000, as set
forth in the Exhibit 1 of the June 7, 2016 Staff Report accompanying this Resolution
in incorporated herein by this reference.
2. The Executive Director to the Successor Agency or his/her designee, is authorized
and directed to take such actions as are necessary and appropriate to comply with
Health and Safety Code section 34177 and carry out the intent of this Resolution.