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RESOLUTION NO. 2017 — 87
RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY
TO THE COMMUNITY DEVELOPMENT COMMISSION
AS THE NATIONAL CITY REDEVELOPMENT AGENCY
AUTHORIZING AN INCREASE OF $325,000 TO
THE SUCCESSOR AGENCY'S BUDGET FOR FISCAL
YEAR 2017 TO REFLECT PROCEEDS FROM
THE SALE OF A CENTRO CONDOMINIUM UNIT
WHEREAS, on June 7, 2016, the Board of the Successor Agency adopted
Resolution 2016-79, approving a Budget totaling $10,137,517 for Fiscal Year 2017; and
WHEREAS, said budget reflected the authorized expenditures of $10,137,517 for
the 2016-17 Recognized Obligation Payment Schedule (ROPS 16-17) period of July 1, 2016
through June 30, 2017; and
WHEREAS, on December 15, 2015, the Successor Agency adopted Resolution
2015-74, approving a revised Long Range Property Management Plan that was subsequently
also approved by the Oversight Board and the California Department of Finance; and
WHEREAS, said Long Range Property Management Plan required that the
Centro condominium unit be sold by the Successor Agency, with the proceeds to be distributed
as property tax to the affected taxing agencies pursuant to Health and Safety Code section
34191.5(c)(2)(B); and
WHEREAS, on July 26, 2016, the Centro condominium unit was sold for
$325,000 and said amount was received by the Successor Agency; and
WHEREAS, the Successor Agency subsequently wired the $325,000 to the
County of San Diego for distribution to the affected taxing entities; and
WHEREAS, the Successor Agency's adopted budget did not include
appropriations for the payment of the $325,000 to the County; and
WHEREAS, in order to properly account for this transaction, an appropriation of
$325,000 needs to be added to the Successor Agency's budget, to reflect an increase of
$325,000 in revenues.
NOW, THEREFORE, BE IT RESOLVED by the Board of the Successor Agency
to the Community Development Commission as the National City Redevelopment Agency as
follows:
Section 1. The Recitals set forth above are true and correct and are
incorporated into this resolution by reference.
Section 2. The budget increase of $325,000 is hereby approved, adopted,
and appropriated.
[Signature Page to Follow]
Resolution No. 2017-87
Page Two
PASSED and ADOPTED this 7th day of March, 201
Ro orri n, tha
ATTEST:
IJ
Michael R. Dalla, Cit Clerk as
Secretary to the Successor Agency
APPROVED AS TO FORM:
Now George H. Eiser, III
Interim Successor Agency Counsel
Passed and adopted by the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California, on
March 7, 2017 by the following vote, to -wit:
Ayes: Boardmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman of the Successor Agency to the
Community Development Commission
as the Redevelopment Agency of the
City of National City, California
A 4 �
ty Clerk Servincyas Secretary
to the Successor Agency
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2017-87 of the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California,
passed and adopted on March 7, 2017.
City Clerk Serving as Secretary
to the Successor Agency
By:
Deputy