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HomeMy WebLinkAboutResolution No. 96-R410 0 RESOLUTION NO. 96-R41 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING APPROPRIATION AMENDMENTS FOR FISCAL YEAR 1996-97 PURSUANT TO SECTION 2-450 OF THE AZUSA MUNICIPAL CODE WHEREAS, on July 1, 1996, the Board of Directors of the Redevelopment Agency of the City of Azusa passed Resolution No. 96-1126 adopting the Budget and approving appropriations for the Redevelopment Agency for the fiscal year commencing July 1, 1996, and ending June 30, 1997; and, WHEREAS, Section 2450 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 Project Increase Fund Description Description/Comments Division Object Number (Decrease) ESTIMATED REVENUES 503 CBD Cap Proj Reimbursement-Lewis/Fiscal Impact 6400 4699 MISC $17,500 503 CBD Cap Proj Non -reimbursable Advance from L & W 6,400 4842 502900 $350,000 $3,000 503 Net Effect: $367,500 APPROPRIATIONS 503 CBD Cap Proj Legal Fees -Concept Dwntwn Dev 6400 6301 502900 $3,000 503 CBD Cap Proj Architect Svcs-Streetscape/Pkg Crt 6400 6305 502900 $55,000 503 CBD Cap Proj Engrg Svcs-Streelscape 6400 6310 502900 $50,000 503 CBD Cap Proj Engrg Svcs -612/621 Azusa 6400 6310 650201 $5,000 503 CBD Cap Proj Prog. Consultant-Lewis/Fiscal Impact 6400 6345 MISC $17,500 503 CBD Cap Proj Professional Svc -Concept Dwntwn Dev 6400 6399 502900 $41,000 503 CBD Cap Proj Postage -Concept Dwntwn Dev 6400 6518 502900 $500 503 CBD Cap Proj Prntg/Bndg/Dupl-Concept Dwntwn Dev 6400 6539 502900 $1,500 503 CBD Cap Proj Program Expns-Concept Dwntwn Dev 6400 6625' 502900 $4,000 503 CBD Cap Proj Capital Outlay/Misc.-Banners/Signage 6400 7099 502900 $70,000 503 CBD Cap Proj Land Prep-Landscaping/Pkg Crt Thru 6400 7110 502900 $30,000 503 CBD Cap Proj Structures/Street Imprvmt-Pkg Crt Thru 6400 7130 502900 $90,000 Subtotal: $367,500 505 WED Cap Proj Professional Svc -Decrease 6400 6399 506500 ($4,030) 505 WED Cap Proj Land Prep/Increase for Palo Demo 6400 7110 506500 $4,030 Subtotal: $0 721 94 TA Bonds Rehabilitation/Comm-Simpson OPA 6395 6650 506000 $8,500 Net Effect: $376,000 AGGREGATE EFFECT: $380,030 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 August 1996. CHAI AN 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 August , 1996 by the following vote of the Board: AYES: BOARDMEMBERS: HARDISON, MADRID, NARANJO, BEEBE, ALEXANDER NOES: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE ABSENT: i 1Secretary NONE P