HomeMy WebLinkAboutSA RES 16-02SUCCESSOR AGENCY
TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
RESOLUTION NO. 16-02
A RESOLUTION. OF THE CITY COUNCIL OF THE CITY. OF TUSTIN,
CALIFORNIA, ACTING AS SUCCESSOR AGENCY TO THE TUSTIN
COMMUNITY REDEVELOPMENT AGENCY, ADOPTING THE BUDGET AND
APPROPRIATING FROM THE ANTICIPATED REVENUES OF THE
SUCCESSOR AGENCY FOR THE FISCAL YEAR 2016-2017
WHEREAS, in accordance with Section 1415 of the Tustin City code, the City
Manager has prepared and submitted to the City Council a Proposed Annual Budget for
the 2016-2017 fiscal year, beginning July 1, 2016; and
WHEREAS, the City Council, as the legislative body of the Successor Agency to
the Tustin Community Redevelopment Agency, has reviewed this proposed budget;
WHEREAS, the Successor Agency is limited to paying enforceable obligations that
have been approved by the Oversight Board and State Department of Finance on the
Recognized Obligation Payment Schedule;
NOW, THEREFORE, the City Council of the City of Tustin acting as the Successor
Agency to the Tustin Community Redevelopment Agency hereby resolves, determines,
and orders as follows:
SECTION 1. A certain document is on file in the office of the City Clerk of the City
of Tustin, being marked and designated "City of Tustin Proposed Biennial Budget 2015-
2017". Said document, as prepared by the City Manager and reviewed and adjusted by
the Council, is hereby adopted for the fiscal year commencing July 1, 2016;
SECTION 2. The Recognized Obligation Payment Schedule for July through
December 2016 has been approved by the Oversight Board and State Department of
Finance and posted on the City of Tustin website (www.tustinca.org);
SECTION 3. The following sums of money are hereby appropriated from the
anticipated revenues of the Successor Agency to the Tustin Community Redevelopment
Agency for the 2016-2017 fiscal year.
SUCCESSOR AGENCY
Successor Agency Resolution 16-02
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Approved Recognized Obligation Payment Schedule for Fiscal Year 2016/2017 paid
from Redevelopment Property Tax Trust Fund:
Administrative Cost Allocation
Personnel
Operations
Debt Service
TOTAL
Successor Agency Resolution 16-02
Page 2 of 3
$ 250,000
0
38,100
4,617,407
$ 4,905,507
PASSED AND ADOPTED at a regular meeting of the Successor Agency to the Tustin
Community Redevelopment Agency held on the 5th day of July, 2016.
JOHN MELSEN,
Mayor on behalf of the Successor Agency
ATTEST:
- I IL
ER A N. RABE,
City Clerk on behalf of the Successor Agency
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Erica N. Rabe, City Clerk of the City of Tustin, California, acting as the Successor
Agency for the Tustin Community Redevelopment Agency, do hereby certify that the
whole number of the members of the Successor Agency is five; that the above and
foregoing Resolution No. 16-02 was duly assessed and adopted at a regular meeting held
on the 5th day of July, 2016, by the following vote:
AGENCYMEMBER AYES: Nielsen, Bernstein, Murray, Puckett
AGENCYMEMBER NOES: None
AGENCYMEMBER ABSTAINED: None
AGENCYMEMBER ABSENT: None
ERICA N. RABE,
City Clerk on behalf of the Successor Agency
Successor Agency Resolution 16-02
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