HomeMy WebLinkAboutRDA RES 05-03
RDA RESOLUTION NO. 05-03
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 2005-2006
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 2005-2006 fiscal year, beginning July 1,
2005; 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 2005-2006 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 2005-2006
$ 688,750
2,136,000
1.461.390
$ 4,286,140
PASSED AND ADOPTED at a regular. ~ting of the Community
Re'"elopm,"1 Agem,>, of the CKy ofT",'" held £: 7J;;;' 2005.
LO ONE
CHAIR
RDA Resolution No. 05-03
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ATTEST:
JR~
RECORDING SECRETARY
STATE OF CALIFORNIA)
COUNTY OF ORANGE)
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. 05-03 was duly passed and adopted at a
regular meeting of the Tustin Community Redevelopment Agency, held on July 18,
2005, by the following vote:
SS
AGENCYMEMBER AYES: BONE. DAVERT. AMANTE. KAWASHIMA
AGENCYMEMBER NOES: NONE
AGENCYMEMBER ABSTAINED: NONE
AGENCYMEMBER ABSENT: HAliJóN
(4)
(0)
(0)
(1 )
PÞ~~~
RECORDING SECRETARY
RDA Resolution No. 05-03
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