HomeMy WebLinkAboutRDA 81-09RESOLUTION NO. RDA 81-9
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TUSTIN
COMMUNITY REDEVELOPMENT AGENCY, ADOPTING THE AGENCY
BUDGET AND APPROPRIATING REVENUE OF THE AGENCY FOR THE
FISCAL YEAR 1981-82.
WHEREAS, in accordance with good fiscal policies the Executive
.Director has prepared and submitted to the Board of Directors a proposed
annual budget for the 1981-82 fiscal year, beginning July 1, 1981; and
WHEREAS, the Board of Directors, as the legislative body of the
Agency, has reviewed this proposed budget;
NOW, THEREFORE, the Board of Directors of the Tustin Community
Redevelopment Agency does hereby resolve, determine, and order as follows:
Section 1: The Budget as proposed by the Executive Director is
hereby adopted for the fiscal year commencing July 1, 1981.
$976,688 from property tax increments.
balances are to be used as follows:
Section 2: The Redevelopment Agency revenues are estimated to be
The proceeds and carry-over fund
Operational Expenses $ 109,832
Capital Improvements 2~262~600
$2,372,432
Section 3: The City General Fund has previously made a $1,125,000
loan available to the Redevelopment Agency effective June 18, 1979, in order
to commence its various programs and projects, which shall be repaid with
eight percent (8%) interest as tax increment funds are received by the Agency.
.PASSED AND ADOPTED at a regular meeting of the Board of Directors of the
20 Tustin Redevelopment Agency, held on the 20th day of July, 1981.
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ATTEST:
James B. Sharp, Chapman
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26 Mary E. W~n
City Clerk
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
MARY E. WYNN, City Clerk and Secretary Clerk of the Community Redevelopment
Agency of the City of Tustin, California, does hereby certify that the whole num-
ber of the members of the City Council as the Community Redevelopment Agency is
five; that the above and foregoing Resolution No. RDA 81-9 was duly and regularly
introduced, passed and adopted at a regular meeting of the City Council as the
Community Redevelopment Agency held on the 20th day of July, 1981 by the following
vote:
AYES :
NOES :
ABSENT:
COUNCILPERSONS:
COUNCILPERSONS:
COUNCILPERSONS:
Saltarelli, Edgar, Hoesterey, Sharp, Kennedy
None
None
City of Tustin, CaI~lfornia ~