HomeMy WebLinkAboutRDA 02-2RESOLUTION NO. RDA 02-2
A RESOLUTION OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF TUSTIN, CALIFORNIA, ADOPTING THE AGENCY BUDGET AND
APPROPRIATING FROM ANTICIPATED REVENUE OF THE AGENCY FOR THE
FISCAL YEAR 2002-2003
· WHEREAS, in accordance with good fiscal policies, the Executive Director of the
Tustin Community Redevelopment Agency has prepared and submitted to the
Board of Directors a proposed Annual Budget for the FY2002-2003, beginning July 1,
2002; and
WHEREAS, Section 33334.3 of California Redevelopment Law provides that the
amount of money spent from the Low and Moderate Income Housing Fund for
planning and general administrative activities associated with the development,
improvement, and preservation of Iow and moderate income housing shall not be
disproportionate to the amount actually spent for the cost of production, improvement,
or preservation of that housing, and that the Redevelopment Agency shall determine
annually that the expenditures from the Low and Moderate Income Housing Fund for
planning and administrative expenses are necessary for the Housing Fund for planning
and administrative expenses are necessary for the production, improvement, or
preservation of the Iow and moderate income housing; 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 Community Redevelopment
Agency for the City of Tustin does hereby resolve, determine and order that the
following sums of money are appropriated from the anticipated revenue of the
Redevelopment Agency for the purposes stated during the FY2002-2003, and that the
expenditures from the Low and Moderate Income Housing Fund for planning and
administrative expenses are necessary for the production, improvement, or
preservation of Iow and moderate income housing.
Operating Expenses
Debt Service
Capital Improvements
1,436,537
2,210,450
3,679,473
TOTAL APPROPRIATIONS FY2002-2003
$ 7,326,46O
PASSED AND ADOPTED at a regular meeting of the Community Redevelopment
Agency of the City of Tustin held on the 5th day of August, 2002.
ATTEST:
V ~' ~,,'
Jeffery ML/Thomas
Chairperson
Pamela Stoker
City Clerk
TUSTIN COMMUNITY REDEVELOPMENT AGENCY
RESOLUTION CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
RESOLUTION NO. RDA 02-2
Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, does hereby certify that the whole number of the members of the City Council is
five; that the above and foregoing Resolution was duly and regularly passed and adopted
at a regular meeting of the City Council held on the 5th day of August, 2002, by the
following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:.
COUNClLMEMBER ABSENT:
Thomas, Worley, Bone, Doyle, Kawashima
None
None
None
Pamela Stoker
City Clerk
RES:RDA2002-2003BudgetResolution.doc
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