HomeMy WebLinkAboutRDA RES 03-11RESOLUTION NO. RDA 03-11
A RESOLUTION OF THE 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 2003-2004
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 2003-2004 fiscal year,
beginning July 1, 2003; 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
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 of 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 2003-2004 fiscal year,
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 $ 648,106
Debt Service 2,119,534
Capital Improvements 10,065,077
TOTAL APPROPRIATIONS 2003-2004 $ 12,832,717
PASSED AND ADOPTED at a regular meeting of the Community
Redevelopment Agency of the City of Tustin held on the 7th day of July, 2003.
Chairperson
ATTEST:
Pamela Stoker
Recording Secretary
TUSTIN COMMUNITY REDEVELOPMENT AGENCY
RESOLUTION CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
RESOLUTION NO. RDA 03-11
Pamela Stoker, Recording Secretary and ex-officio Recording Secretary of the
Community Redevelopment Agency of the City of Tustin, California, does hereby cedify
that the whole number of the members of the Tustin Community Redevelopment
Agency is five; that the above and foregoing Resolution was duly and regularly passed
and adopted at a regular meeting of the Tustin Community Redevelopment Agency
held on the 7th day of July, 2003, by the following vote:
AGENCY MEMBER AYES:
AGENCY MEMBER NOES: None
AGENCY MEMBER ABSTAINED: None
AGENCY MEMBER ABSENT: None
Worley, Kawashima, Bone, Davert, Thomas (5)
(o)
(o)
(0)
Pamela Stoker
Recording Secretary