The URL can be used to link to this page

Home My WebLink AboutResolution No. 96-R90 0 RESOLUTION NO. 96—R9 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING APPROPRIATION AMENDMENTS FOR FISCAL YEAR 1995-96 PURSUANT TO SECTION 2-4.50 OF THE AZUSA MUNICIPAL CODE WIIEREAS, on June 20, 1995 the Board of Directors of the Redevelopment Agency of the City of Azusa passed Resolution No. 95-R33 adopting the Budget and approving appropriations for the Redevelopment Agency for the fiscal year commencing July I, 1995 and ending June 30, 1996; 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 Project Division Object Number Increase (Decrease) Comments 512 20% Set Aside Misc/Silent 2nds-Harlan Lee 6200 7099 501201 ($100,000) Decrease regmt fret 41 to 25 homes 512 20% Set Aside Misc/Silent 2nds-I larlan tee 6200 7099 501201 ($4,000) Reclass object ade 512 20% Set Aside Legal Fees -Harlan lee 6200 6301 501201 $2,850 Reclassobjectode 512 20% Set Aside Land Preparation -Harlan Lee 6200 7110 501201 $1,150 Rectus object code 516 CBD Dbt Svc Tax Increment 6300 4025 ($91,260) DecreasePro)ected Tax Ina -New Fal 516 CBD Dbt Svc LACO Pass Through 6300 7044 ($26,580) Dmeaseprojected Tax Ina -New Est. 518 WED Dbt Svc Taxlncrement 6300 4025 ($563,900) DraeaseProjected Tax lncr-New Fat. 518 WED Dbt Svc LACO Pass Through 6300 7044 ($281,330) Decreaseprejened Tax Ina -New Fat. 519 Rnch Ctr Dbt Svc Tax Increment 6300 4025 ($18,420) DecreasePrujected Tax Ina -New Fat 519 Rnch Ctr Dbt Svc LACO Pass Through 6300 7044 (59,580) Decreaseprojectcd Tax Incr-New Fat 512 20% Set Aside Tax Increment Set Aside 6200 3641 ($169530) Ue reaaeprojec ed Tax Ina -New EL 512 20% Set Aside Prof Sves/Krem's Site 6200 6399 501300 ($50,000) Decrease Appropriation -tack of funds 505 WED Cap Pro) Prof Svcs/Prim Club 6400 6399 503303 ($6,910) Dexrerse Appropriation -lack of funds 503 CBD Cap I'm) Prog Expns/5th k Azusa 6400 6625 504400 (55,000) Rectae to Project 502700 503 CBD Cap Prol Legal Fees/Andrew's OPA 6400 6301 502700 $5,000 Increase Appropriation 721 1994 Mrgd Bond Legal Fees /Cent Sq Restaurant 6395 6301 501401 $15,000 Reclass Object Code 721 1994 Mrgd Bond Prof Svcs/Cent Sq Restaurant 6395 6399 501401 ($15,000) Reclas Object Code 503 CBD Cap Proj Legal Fees/New Project Area 6400 6301 502801 (510,000) Derres.Appropriallon/ReclnsFund 503 CBD Cap Pro) Prof Svcs/New Project Arca 6400 6399 502801 ($163,000) Decrease Approprlanon/Reclue Fund 503 CBD Cap Prol Postage/New Project Area 6400 6518 502801 ($1,000) Decrease Appropriation 503 CBD Cap Proj Prog Expns/New Project Area 6400 6625 502801 ($1,000) Recta" Furl 721 1994 Mrgd Bond Legal Fees/New Project Area 6395 6301 502801 $2,000 Recta" Fund 721 1994 Mrgd Bond Prof Svcs/New Project Area 6395 6399 502801 $70,000 Recta" Fwd 721 1994 Mrgd Bond Prog Expns/New Project Area 6395 6625 502801 $3,000 Recta" Furl 503 CBD Cap Pro) Legal Fees/Mission Chrysler 6400 6301 504700 550,000 Inaease Appropriation 503 CBD Cap Prof Advertising/Mission Chrysler 6400 6601 504700 $5,000 Increase Appropriation 503 CBD Cap Pool Prog Expns/Mission Chrysler 6400 6625 504700 $2,000 Inaease Appropriation 503 CBD Cap Proj Mlsc/Mission Chrysler 6400 7099 504700 ($200,000) Decrease Appropriation 512 20% Set Aside Prog Consult/1 TOME Rehab 6200 6345 505302 $15,000 hae," Appropriation 721 1994 Mrgd Bond Legal Fees/Downtown Pkg 6395 6301 505400 ($2,500) Delete I'mjed/Approprhmtion 721 1994 Mrgd Bond Prof Svcs/Downtown Pkg 6395 6399 505400 ($15,000) Delete Project/Appropriation 721 1994 Mrgd Bond Prog Expos/Downtown Pkg 6395 6625 505400 ($3,000) Delete project/Appropnaoon 721 1994 Mrgd Bond Structures/Downtown Pkg 6395 7130 505400 (539500) Delete Proiect/Approprlation 512 20% Set Aside M1sc/6th k Alameda 6200 7099 507000 ($2,100) Decrease Appropriation 512 20% Set Aside Misc/Balboa Proj 6200 7099 507100 ($50,000) Dearxsa Silent 2nd regent by (3) he. 512 20% Set Aside Rehab/hermitage lark 6200 6650 507500 $5,000 C ay,,a prior year approp 721 1994 Mrgd Bond Legal Fees/Oritex Assignment 6395 6301 507600 $2,500 lnaease Appropriation 503 CBD Cap Proj Legal Fees/Country Inn Cafe 6400 6301 508300 $5,000 Inaeaae Appropriation 503 CBD Cap Pro) Rehab/Country Inn Cafe 6400 6650 508300 ($95,000) Decrease Approprlation-I.oan decreases 0 0 Fund Fund Description Object Description roject Division Object Number -increase (Decrease) Comments 503 CBD Cap Prof Prog Consult/Taco Tapatlo 6400 6345 508600 $15,000 Incmaw Appropriation 512 20% Set Aside Prog Consult/Taco Tapatio 6200 6345 508600 ($5,000) Docreme Appropriation 512 20% Set Aside Legal Fees/350402 Fthll Acqn 6200 6301 508800 ($5,000) Ibcmnw Appropriadon-delete project 512 20% Set Aside Prog Expns/350-412 Fthll Acqn 6200 6625 508800 ($500) larrea. Appropriafina-& tnproject 512 20% Set Aside land Disp/350-402 Fthll Acqn 6200 7115 508800 ($300,000) Der,ra Appropriafion-delete pm)ed 503 CBD Cap Pro] Sales Proceeds/Talley Bldg. 6400 4810 6100 ($100,000) IMma.e Ea Revenu sno mie exrwc 503 CBD Cap Proj Sales Proceeds/Yednik Bldg. 6400 4810 ($2(X),000) D7,cmaw Ea Rrvenue.-eep a,le e.pected 503 CBD Cap Proj Sales Proceeds/5th&San Gabr 6400 4810 ($70,000) [Nene, Fu Revenue+ -no sale rxperted 721 1994 Mrgd Bond Struchucs/EDAC Fwy Reader 6395 7130 504800 ($300,000) Rel Fund/Dorreaw Appropriation 503 CBD Cap Pro] Structures/EDAC Fwy Reader 6400 7130 504800 $175,000 Rccl Fund/Dhcrcaw Appropriation 512 20% Set Aside land Sales/918N Azusa 6200 4810 508500 $129,000 lncreaw bt RevenuoPrior Yr Carry Ov 512 20% Set Aside Prog Expns/918 N Azusa 6200 6625 508500 $1,000 increaw Appropriation 512 20% Set Aside Rehab Expns/918 N Azusa 6200 6650 508500 $1,000 lnaeaw Appropriation 512 20% Set Aside Main Expns/918 N Azusa 6200 6815 508500 $500 Incmaw Appropriation 501 Administration Salary-Benefit/4%1)ecrease 6100 6003 ($12,560) IMreaw Appropriation/4% 501 Administration Salary-Benefit/4% Decrease 61(10 6006 ($1,350) DecmawAppropriation/4% 501 Administration Salary-Benefit/4% Decrease 6100 6101 ($940) Decreaw Appropriation N% 501 Administration Salary-Benefit/4% Decrease 6100 6105 ($820) IMrr,.n Appropriation/4% 501 Administration Salary-Ilcnefit/4%Decrease 6100 6125 ($200) Deorcaw Appropriation/4% 501 Administration Salary Adj/CRA Dir 6100 6003 ($19,800) lkcreaw Appropriation 501 Administration Salary Adj/CRA Dir 6100 6075 $10,240 lncmaw Appropriation 501 Administration Salary Ad)/CRA Dir 6100 6101 ($1,390) Dccreaw Appropriation 501 Administration Salary Adj/CRA Dir 6100 6105 ($400) DecreawAppmprialion 501 Administration Salary Adj/CRA lir 6100 6125 ($290) Darrow Appropriation 501 Administration Salary Ad)/CRA Dir 6100 6175 ($1,850) uwo,. Appropriation 501 Administration Salary Adj/CRA Dir 6100 6180 $1,160 inaeaae Appropriation 501 Administration Prof Svcs/CRA Consult Svcs 6100 6399 $20,900 lncreawAppropriation OVERALL NET INCREASE (DECREASE): ($2,406,410) OVERALL MAGNITUDE: $1,322,300 NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Redevelopment Agency of the Cite 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 20th day of February 1996. CIIAIRAIAN 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 20th day of February , 1996 by the following vote of the Board: AYES: BOARDMEMBERS: HARDISON, MADRID, NARANJO, BEEBE NOES: BOARDMEMBERS: NONE ABSTAIN: BOARDMEMBERS: ALEXANDER ABSENT: BOARDIMI BERS NONE J Secreta