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Home My WebLink AboutResolution No. 95-R139 6 RESOLUTION NO. 95-R13 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 2450 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. 94-1135 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 2-450 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: Fund Object Increase Description Division Object Project Decrease Comments Fund Description 501 Administrative Fund Fees/Other 6100 4798 (50,000) Add (4,000) Decrease 501 Administrative Fund Legai Fees 6100 6301 8,890 Add 501 Administrative Fund Computer Svcs. Allocn. 6100 6425 6,000 Add 501 Administrative Fund Bond Issuance Exp 6100 6611 600 Add 501 Administrative Fund Rent/Bldgs 8 Structures 6100 300 Add 501 Administrative Fund MaintiOlf Furn 6845 40 210 Total Fund Increase (Decrease): 503 Cap Pro) Fund -CBD Note Proceeds/634 Azusa 6400 4640 505702 (50,000) Add (109,000) Add 503 Cep Prol Fund -CBD Note Proceeds/630 Azusa 6400 4840 505703 501300 (25,000) Recl Fnd 503 Cap Prol Fund -CBD Legal Fees/Krems 6400 6301 6301 503200 (5,000) Decrease 503 Cap Prol Fund -CBD Legal Fees/Rnbw Anging 6400 501300 (10,000) Red Fnd 503 Cap Prol Fund -CBD Appraisal Fees/Krems 6400 6325 6325 504700 5,000 Add 503 Cap Prol Fund -CBD Appraisal Fees/Mission 6400 6625 501300 (5,000) Red Fnd 503 Cap Pro] Fund -CBD Prog Exp/Krems 6400 6400 6645 501300 (60,000) Recl Fnd 503 Cap Prol Fund -CBD Relocation Exp/Krems 6400 6805 506700 (10,000) Fact Proj 503 Cap Pro] Fund -CBD Mainl/Land Impr/600 Azusr 6805 508400 10,000 Red Prol 503 Cap Prol Fund -CBD MaInVLand ImprlBeautilica 6400 125 Add 503 Cap Pro] Fund -CBD Property Tax/613 Azusa 6400 7015 7099 505405 503200 (200,000) Delete 503 Cap Prol Fund -CBD MIsc/Rnbw Anging Settle 6400 7105 504700 2,810 Add 503 Cap Pro] Fund -CBD Land Acgn/Mission Chry 6400 7105 505405 (375) Decrease 503 Cap Prol Fund -CBD Structures/613 Azusa 6400 250 Add 503 Cap Proj Fund -CBD Land Acqn/613 Azusa 6400 7105 505405 1,565 Add 503 Cap Prol Fund -CBD Land DlsposaUCenl Sq 6400 7115 501400 Add 503 Cap Prol Fund -CBD Land Dlsp Exp/Rnbw Ang 6400 7115 503200 2,000 (452,625) Total Fund Increase (Decrease): 505 Cap Prol Fund -WED Interest Income 6400 4435 (10,500 ) Add Add 505 Cap Prol Fund -WED Prof Svcs/PrIce Restrnt 6400 6399 503303 5,000 46,700 Add 505 Cap Prol Fund -WED . Rehab Exp/TruWood 6400 6650 508100 Total Fund Increase (Decrease): 41,200 507 Cap Prol Fund-RCH Interest Income 6400 4435 (6,490) Add 485,000 Recl Pro 507 Cap Prol Fund-RCH Adv Irm CilylW Ventura 6400 4842 4842 504500 (486,490) Red Prol 507 Cap Pro] Fund-RCH Adv frm Clty/W Venture 6400 Total Fund Increase (Decrease): 512 20% Low/Mod Set Aside Properly Salesl61h-Alam 000 4810 39,750 Recl Proi Recl Pro0 l 512 20% Low/Mod Set Aside Properly Sales/600 Carr 6200 481 400,000 (139,750) Red Pro) 512 20% Low/Mod Set Aside Properly Sales/61h-Alam 6200 4610 4810 507000 507100 (400,000) Fact Prol 512 20% Low/Mod Set Aside Properly Sales/600 Carr 6200 6301 501300 25,000 Pact Fnd 512 20% LowlMod Set Aside Legal Fees/Krems 6200 6325 501300 10,000 Red Fnd 512 20% Low/Mod Set Aside Appraisal Fees/Krems 6200 6625 501300 5,000 Recl Fnd 512 20% Low/Mod Sol Aside Prog Exp/Krems 6200 6345 505302 (20,000) Recl P(c] 512 20% Low/Mod Set Aside Prog ConsuBIHOME Reh 6200 505300 20,000 Red Pro) 512 20% Low/Mod Set Aside Prog ConsullMsg Rehab 6200 6345 6645 501300 60,000 Recl Fnd 512 20% Low/Mod Set Aside Relocation Exp/Krems 6200 6650 507500 30,025 Add 512 20% Low/Mod Set Aside Rehab Exp/Hermitage 6200 6650 507900 92,985 Add 512 20%Low/Mod Set Aside Land Acgn/Peregrines 6200 7115 507000 1,410 Add 512 20% Low/Mod Set Aside Land DlsposaU6lh-Alam 6200 Total Fund Increase (Decrease): 224,420_ Fund Object Increase Fund Description • Description Division Object alect (Decrease) Comments 516 Debi Service -CBD Interest Income 6300 4435 (4,530) Add 516 Debi Svc Fund -CBD Prog Exp/LACO Admin 6300 6625 8,730 Add 518 Debi Service Fund -CBD Interest Exp/634 Azusa 6300 7001 505702 2,175 Add 516 Debt Service Fund -CBD Interest Exp/630 Azusa 6300 7001 505703 8,220 Add 516 Debt Service Fund -CBD Principal Exp/634 Azusa 6300 7005 505702 4,055 Add 516 Debt Service Fund -CBD Principal Exp/630 Azusa 6300 7005 505703 555 Add Total Fund Increase (Decrease): 19,205 518 Debt Svc Fund -WED Prog Exp/LACO Admin 6300 6625 17,790 Add 519 Debt Svc Fund-RCH Prog Exp/LACO Admin 6300 6625 500 Add 704 Mrgd Cap Prol Bond Fund Legal Fees/Cent Sq 6392 6301 501400 140 Add 704 Mrgd Cap Prol Bond Fund Legal Fees/Comm Reh 6392 6301 506000 600 Add 704 Mrgd Cap Proj Bond Fund Legal Fees/TruWood 6392 6301 508100 1,120 Add 704 Mrgd Cap Proj Bond Fund Legal Fees/Country Inn 6392 6301 508300 5,000 Add 704 Mrgd Cap Pro) Bond Fund Engrg/Comm Rehab 6392 6310 506000 (2,000) Delete 704 Mrgd Cap Prol Bond Fund Relocallon/636 Azusa 6392 6645 505700 (10,000) Reel Prol 704 Mrgd Cap Prol Bond Fund Relocation/112 Flhli 6392 6645 505700 (10,000) Reel Prol 704 Mrgd Cap Prol Bond Fund Relocatlon/112 Flhll 6392 6645 505704 10,000 Reel Prol 704 Mrgd Cap Prol Bond Fund Relocation/636 Azusa 6392 6645 505705 10,000 Reel Prol 704 Mrgd Cap Prol Bond Fund Rehab Exp/CalFresh 6392 6650 507800 8,440 Add 704 Mrgd Cap Pro) Bond Fund Maint/Land Impr/Beautilica 6392 6805 508400 15,000 Reel Prol 704 Mrgd Cap Proj Bond Fund Structures/511h & Azusa 6392 7130 506700 (15,000) Reel Pro] Total Fund Increase (Decrease): 13,300 721 Mrgd Cap Prol Bond Fund Legal Fees/628 Azusa 6395 6301 505700 (800) Reel Prol 721 Mrgd Cap Prol Bond Fund Legal Fees/628 Azusa 6395 6301 505701 800 Reel Proj 721 Mrgd Cap Prol Bond Fund Land Acqn/112 Fthll 6395 7105 505700 (116,600) Reel Proj 721 Mrgd Cap Pro) Bond Fund Land Aogn/634 Azusa 6395 7105 505700 (81,025) Reel Prol 721 Mrgd Cap Proj Bond Fund Land Aogn/630 Azusa 6395 7105 505700 (199,950) Reel Proj 721 Mrgd Cap Prol Bond Fund Land Acgn/628 Azusa 6395 7105 505700 (352,435) Reel Proj 721 Mrgd Cap Prol Bond Fund Land Aogn/636 Azusa 6395 7105 505700 (81,000) Reel Prol 721 Mrgd Cap Prol Bond Fund Land Aoqn/628 Azusa 6395 7105 505701 352,435 Reel Prol 721 Mrgd Cap Prol Bond Fund Land Acgn /634 Azusa 6395 7105 505702 81,025 Reel Pro) 721 Mrgd Cap Prol Bond Fund Land Acqn/630 Azusa 6395 7105 505703 199,950 Reel Prol 721 Mrgd Cap Prol Bond Fund Land AcgN112 Fthll 6395 7105 505704 116,600 Reel Prol 721 Mrgd Cap Prol Bond Fund Land Aoqn/636 Azusa 6395 7105 505705 81,000 Reel Proj Total Fund Increase (Decrease): 0 Grand Total Fund Increase (Decrease): (182 910) 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 21st CHAIRMAN day of February , 1995. 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 21st day of February 1995 by the following vote of the Board: AYES: BOARDMEMBERS: HARDISON, MADRID, NARANJO, BEEBE NOES: BOARDMEMBERS: ALEXANDER ABSTAIN: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE