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HomeMy WebLinkAboutResolution No. 96-R310 RESOLUTION NO. 96—R31 0 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, the Board of Directors of the Redevelopment Agency of the City of Azusa adopted the Budget and approved appropriations for the Redevelopment Agency for the fiscal year commencing July I, 1996 and ending June 30, 1997; 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 Fund Description Object Description Division Object Project Increase Number (Decrease) Comments 505 WED Cap Prj Lend Disposal Expas-Digital Prntg 6400 7115 508201 $10,000 Carry Over 1995/96 Budget 512 20% Set Aside Msc Cap Outlay/Sllent 2nds-Lee Pd 6200 7099 501201 $156,465 Carry Over 1995196 Budget 512 20% Set Aside Land Disposal Exprue-Agcy Homes 6200 7115 501201 $10,000 increase Marketing Budget 512 20% Set Aside Bidgs/Constr-Agcy Homes/Lee 6200 7120 501201 $15,000 Carry Over 1995/96 Budget 512 20% Set Aside Prog Expas-918 Azusa 6200 6625 508500 $1,000 Increase Budget -Incidentals 512 20% Set Aside MLsc Cap Outlay/Sllent 2nd -918 Az 6200 7099 508500 $10,000 Carry Over 1995196 Budget $192,465 721 94 TA Bonds Rehabilitation -Commercial 6395 6650 506000 $30,000 Carry Over 199596 Budget 721 94 TA Bonds Rehabilitation -Cal Fresh 6395 6650 507800 $6,690 Carry Over 1995796 Budget $36,690 Total Increase (Deaease): $239,155 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 1st HAIRMAN day of July , 1996. 1 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 1st day of July 1996 by the following vote of the Board: AYES: BOARDMEMBERS: HARDISON, MADRID, NARANJO, BEEBE, ALXANDER NOES: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NC Secretary �