HomeMy WebLinkAboutResolution No. 93-R45RESOLUTION NO. 93-R45
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% Transfer from 511 Low- 6200 3640 $ 67,120.00
Housing Set Mod Housing Transfer
Aside In
Net Effect: $ 67,120.00
APPROPRIATIONS - LOW -TO -MODERATE INCOME HOUSING PROJECTS
FUND
COMMENTS
DIVISION
OBJECT PROJECT
INCREASE
(DECREASE)
512-20% Set
Add In -House
6200
6003 507100
$ 10,000.00
Aside Funds
Engineering Costs for
Salaries
Balboa Apts. Project
512-20% Set
Add Legal Costs for
6200
6301 507100
25,000.00
Aside Funds
Balboa Apts. Project
Legal
512-20% Set
Add Program
6200
6345 507100
6,000.00
Aside Funds
Consultants to Balboa
Program
Apts. Project
Consultant
512-20% Set
Add Professional
6200
6399 507100
20,000.00
Aside Funds
Services to Balboa Apts.
Prof Svcs
Project
512-20% Set
Add Misc. Program
6200
6625 507100
3,000.00
Aside Funds
Expense to Balboa Apts.
Prog Exp
Project
512-20% Set
Add Land Preparation
6200
7110 507100
596,000.00
Aside Funds
Expense to Balboa Apts.
Land Prep
Project
512-20% Set
Adjust Project Cost-
6200
7099 501201
(620,000.00)
Aside
CBD -1 Affordable
Misc Cap
Housing Project
Outlay
512-20% Set
Adjust Project Cost-
6200
6650 507300
(102,880.00)
Aside
Azusa Village
Rehab
Net Effect:
($62,880.00)
511-Low/Mod
Transfer to 512-20%
6200
3650
$ 67,120.00
Housing Fund
Set Aside Fund
Transfer
Net Effect:
$67,120.00
TOTAL NET EFFECT = ($ 62,880.00)
0 0
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 2nd day of August 1993.
/0*IVB
F®R.
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 2nd day of August 1993 by the following vote of the
Board:
AYES: BOARDMEMBERS: DANGLEIS, MADRID, NARANJO, ALEXANDER, MOSES
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
Secretary