HomeMy WebLinkAboutResolution No. 94-R550 0
RESOLUTION NO. 94-R55
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA APPROVING APPROPRIATION
AMENDMENTS FOR FISCAL YEAR 1994-95 PURSUANT TO SECTION 3.04.050 OF
THE AZUSA MUNICIPAL CODE
WHEREAS, on July 5, 1994 the Board of Directors of the Redevelopment Agency
of the City of Azusa passed Resolution No. 94-R35 adopting the Budget and approving
appropriations for the Redevelopment Agency for the fiscal year commencing July 1, 1994
and ending June 30, 1995; 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, the Board of Directors has prpvided the opportunity for public input;
and
WHEREAS, certain appropriation amendments are, in fact, required, as detailed
below:
FUND
503 -Capital
Project Funds
ESTIMATED REVENUE - CAPITAL PROJECTS
COMMENTS DIVISION OBJECT PROJECT INCREASE
(DECREASE)
Loan Proceeds-L&W 6400
NET EFFECT:
4842 504700 $2,000,000
$2,000,000
APPROPRIATIONS - CAPITAL PROJECTS
FUND
COMMENTS
DIVISION
OBJECT
PROJECT
INCREASE
(DECREASE)
503 -Capital
Legal Costs -Auto
6400
6301
504700
$ 75,000
Project Funds
Dealership Project
503 -Capital
Misc. Program Expense-
6400
6625
504700
$ 15,000
Project Funds
Auto Dealership Project
503 -Capital
Land Acquisition
6400
7105
504700
$ 2,000,000
Project Funds
Expense -Auto Dealership
Project
503 -Capital
Legal Costs -Krems
6400
6301
501300
$ 25,000
Project Funds
Acquisition
503 -Capital
Appraisal Expense-
6400
6325
501300
$ 10,000
Project Funds
Krems Acquisition
503 -Capital
Program Expense -Krems
6400
6625
501300
$ 5,000
Project Funds
Acquisition
503 -Capital
Relocation Expense-
6400
6645
501300
$ 60,000
Project Funds
Krems Acquisition
NET EFFECT:
$2,190,000
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 3rd
Chairman
day of October '1994.
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 3rd day of October 1994 by the
following vote of the Board:
AYES: BOARDMEMBERS: HARDISON, MADRID, NARANJO, BEEBE
NOES: BOARDMEMBERS: ALEXANDER
ABSTAIN: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
C.IWPROMORRESPOi WRAU 0.O R