HomeMy WebLinkAboutRDA RES 07-04RDA RESOLUTION NO. 07-04
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 2007-2008
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 2007-2008 fiscal year, beginning July 1,
2007; 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 Funds for each
Redevelopment Project Area 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 2007-2008 fiscal year, and that the
expenditures from the Low and Moderate Income Housing Fund for planning and
administrative expenses for each Redevelopment Project Area are necessary for the
production, improvement or preservation of low and moderate income housing.
Operating Expenses $ 1,210,421
Debt Service 17,338,852
Capital Improvements 10,904,803
TOTAL APPROPRIATIONS 2007-2008 $ 29,454,076
PASSED AND ADOPTED at a regular meeting of the Community
Redevelopment Agency of the City of Tustin held on the 19th day of June, 2007.
RDA Resolution No. 07-04
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LOU BONE,
Chair
ATTEST:
PAMELA STOKER,
Recording Secretary
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) 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. 07-04 was duly passed and adopted at a
regular meeting of the Tustin Community Redevelopment Agency, held on June 19,
2007, by the following vote:
AGENCYMEMBER AYES: Bone, Amante, Davert, Kawashima, Palmer (5)
AGENCYMEMBER NOES: None (0)
AGENCYMEMBER ABSTAINED: None (0)
AGENCYMEMBER ABSENT: None (0)
PAMELA STOKER,
Recording Secretary
RDA Resolution No. 07-04
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