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RDA RESOLUTION NO. 04-05
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 2004-2005
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 2004-2005 fiscal year, beginning July 1,
2004; 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 low 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 low 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 2004-2005 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 low and moderate income housing.
Operating Expenses
Debt Service
Capital Improvements
TOTAL APPROPRIATIONS 2004-2005
$
1,157,742
2,083,500
1.359.858
4,601,100
$
PASSED AND ADOPTED at a regular meeting of the Community
Redevelopment Agency of the City of Tustin held on the 6th day of July, 2004.
RDA Resolution No.O4-05
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~~(~
TONY KA ASHIMA
Chairperson
STATE OF CALIFORNIA)
ORANGE COUNTY )ss
CITY OF TUSTIN)
I, Pamela Stoker, City Clerk and ex-officio Clerk of the Tustin Community
Redevelopment Agency of the City of Tustin, California, do hereby certify that the whole
number of the members of the Redevelopment Agency of the City of Tustin is five; that
the above and forgoing RDA Resolution No. 04-0 was duly passed and adopted at a
regular meeting of the Tustin Community Redevelopment Agency, held on July, 2004,
by the following vote:
AGENCYMEMBERAYES: KAWASHIMA, BONE, DAVERT, HAGEN, THOMAS
AGENCYMEMBER NOES: NONE
AGENCYMEMBER ABSTAINED: NONE
AGENCYMEMBER ABSENT: NONE
(5 )
(0)
(0)
(0)
RDA Resolution No.04-05
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