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HomeMy WebLinkAboutResolution No. 93-R560 0 RESOLUTION NO. 93-R56 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING APPROPRIATION AMENDMENTS FOR FISCAL YEAR 1993-94 PURSUANT TO SECTION 3.04.050 OF THE AZUSA MUNICIPAL CODE WHEREAS, on July 6, 1993 the Board of Directors of the Redevelopment Agency of the City of Azusa passed Resolution No. 93-R34 adopting the Budget and approving appropriations for the Redevelopment Agency for the fiscal year commencing July 1, 1993 and ending June 30, 1994; and, WHEREAS, Section 3.04.050 of the Azusa Municipal Code provides for the amendment of said Budget, when required for the operation of the Agency and recommended by the Executive Director; and WHEREAS, certain appropriation amendments are, in fact, required, as detailed below: ESTIMATED REVENUE - LOW -TO -MODERATE INCOME HOUSING PROJECTS FUND COMMENTS DIVISION OBJECT PROJECT INCREASE (DECREASE) 512-20% Hsg Property Sale 6200 4810 507700 ($102,289.00) Set Aside Proceeds -9th & Azusa APPROPRIATIONS - LOW -TO -MODERATE INCOME HOUSING PROJECTS FUND COMMENTS DIVISION OBJECT PROJECT INCREASE (DECREASE) 512-20% Set Legal Services -9th & 6200 6301 507700 $ 4,800.00 Aside Funds Azusa 512-20% Set Professional Services- 6200 6399 507700 5,000.00 Aside Funds 9th & Azusa 512-20% Set Misc. Program and 6200 6625 507700 350.00 Aside Funds Advertising Expenses - 9th & Azusa 512-20% Set Land Acquisition -9th & 6200 7105 507700 288,000.00 Aside Funds Azusa 512-20% Set Fees, Permits and Off- 6200 7130 507700 2,292.00 Aside Funds site Improvements -9th & Azusa Total Appropriations: $300,442.00 TOTAL NET EFFECT = $198,153.00 NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Redevelopment Agency of the City of Azusa does hereby approve the foregoing Budget amendments and orders the same to be recorded in the Agency's books of account and henceforth to be a part of said Budget as if adopted with the original thereof. ADOPTED AND APPROVED this 1st day of November CHAIRMAN .-. I HEREBY CERTIFY that the foregoing Resolution was duly passed, approved, and adopted by the Board of Directors of the Redevelopment Agency of the City of Azusa at a regular meeting thereof held on the 1st day of November 1993 by the following vote of the Board: AYES: BOARDMEMBERS: NOES: BOARDMEMBERS: ABSENT: BOARDMEMBERS: /'� 1/tI /Jj ZP cretary e\r~. \approbow.den DANGLEIS, MADRID, NARANJO, MOSES NONE ALEXANDER