HomeMy WebLinkAboutResolution No. 93-R370 0
RESOLUTION NO. 93-x37
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:
APPROPRIATIONS - LOW -TO -MODERATE INCOME HOUSING PROJECTS
FUND COMMENTS DIVISION OBJECT PROJECT INCREASE
(DECREASE)
702 -Bond Add Acqn. Cost to 6392 7105 507100 $950,000
Funds
Budget for Balboa Apts.-
Land Acqn
Adjust
702 -Bonds
Fund Adjustments to
6392
6650
507500
($334,540)
Funds
facilitate Balboa Acqn.
Rehab
702 -Bond
Fund Adjustments to
6392
6301
507300
($ 3,000)
Funds
facilitate Balboa Aoqn.
Legal Fee
702 -Bond
Fund Adjustment to
6392
6399
507300
($20,000)
Funds
facilitate Balboa Aoqn.
Prof SVCS
702 -Bond
Fund Adjustments to
6392
6625
507300
($ 500)
Funds
facilitate Balboa Acqn.
Prog Exp
702 -Bond
Fund Adjustments to
6392
6650
507300
($591,960)
Funds
facilitate Balboa Acqn.
Rehab
— — --
702-Low-To-Moderate Income Housing Bond Funds:
Net Effect:
$0
512-20% Set
Add Aoqn. Cost to
6200
7105
507100
$ 10,000
Aside
Budget for Balboa
Land
Apts. - Adjust
Acqn.
512-20% Set
Fund Adjustments to
6200
6650
507500
$334,540
Aside
facilitate Balboa Aoqn.
Rehab
512-20% Set
Fund Adjustments to
6200
6301
507300
$ 3,000
Aside
facilitate Balboa Aoqn.
Legal Fee
512-20% Set
Fund Adjustments to
6200
6399
507300
$ 20,000
Aside
facilitate Balboa Acqn.
Prof Svs
512-20% Set
Fund Adjustments to
6200
6625
507300
$ 500
Aside
facilitate Balboa Aoqn.
Prog Exp
512-20% Set
Fund Adjustments to
6200
6650
507300
$341,960
Aside
facilitate Balboa Aoqn.
Rehab
512-20% Set
Fund Adjustments to
6200
7099
501201
($10,000)
Aside
facilitate Balboa Acqn.
Misc Cap
-------------
512-20% Set Aside Low/Mod Funds:
Net Effect:
$700,000
TOTAL APPROPRIATION INCREASES = $700,000
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 19th day of July 1993.
way I i,
/ 1'
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 19th day of July 1993 by the
following vote of the Board:
AYES: BOARDMEMBERS: MADRID, NARANJO, MOSES
NOES: BOARDMEMBERS: ALEXANDER
ABSENT: BOARDMEMBERS: DANGLEIS
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