HomeMy WebLinkAboutResolution No. 98-R34• RESOLUTION NO. 98—R34 •
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA APPROVING APPROPRIATION AMENDMENTS FOR FISCAL YEAR 1997-98 PURSUANT TO
SECTION 2-450 OF THE AZUSA MUNICIPAL CODE
WHEREAS, on August 4, 1997, the Board of Directors of the Redevelopment Agency of the City of Azusa
("Agency") passed Resolution No. 97-R30 adopting the Budget and approving the appropriations for the Agency for the fiscal
year commencing July I, 1997, and ending June 30, 1998; 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:
ESTIMATED REVENUES
Sub- Protect ncrease
Fund Description Mission object Number (DtcR )
503 CBD Cap Proj Add Commercial Rehab Loans/L&W Funded Slum & Blight 7691 4899 506000 $120,000
Net Effect: $120,000
APPROPRIATIONS
Sub- Project oCF
Fund Description Miulon Object Number (Decrease)
501
Admin
Adjust Dues & Subscriptions
Slum & Blight
7691
6230
$270
501
Admin
Adjust Dues & Subscriptions
Econ. Dev.
7692
6230
$120
501
Admin
Adjust Dues & Subscriptions
Housing
7693
6230
(S260)
501
Admin
Adjust Dues & Subscriptions
Debt Mgmt.
7694
6230
(S650)
501
Admin
Reel Sub-Nlission/Acctg Svcs
Slum & Blight
7691
6315
$4,550
501
Admin
Reel Sub-Mission/Aectg Svcs
Econ. Dev.
7692
6315
($800)
501
Admin
Reel Sub-Mission/Acctg Svcs
Housing
7693
6315
($950)
501
Admin
Reel Sub-Mission/Acctg Svcs
Debt h4gmt.
7694
6315
($2,800)
501
Admin
Decrease Computer Supplies
Slum & Blight
7691
6527
($2,110)
501
Admin
Decrease Computer Supplies
Econ. Dev.
7692
6527
($190)
501
Admin
Decrease Computer Supplies
Housing
7693
6527
($130)
501
Admin
Decrease Computer Supplies
Debt Mgmt.
7694
6527
($230)
501
Admin
Reel Sub-Mission/Office Furniture
Slum & Blight
7691
6572
$2,480
501
Admin
Reel Sub-Mission/Office Furniture
Econ. Dev.
7692
6572
($1.810)
501
Admin
Recl Sub-Mission/Office Furniture
Housing
7693
6572
(S1,750)
501
Admin
Reel Sub-Mission/Office Furniture
Debt Mgmt.
7694
6572
($1,620)
501
Admin
Increase Bond Admin
Debt Mgmt.
7694
6610
S1,000
501
Admin
Increase Grp Life Insurance
Slum & Blight
7691
6730
$370
501
Admin
Increase Grp Life Insurance
Econ. Dev.
7692
6730
$50
501
Admin
Increase Grp Life Insurance
Housing
7693
6730
$10
501
Admin
Increase Grp Life Insurance
Debt Mgmt.
7694
6730
$50
501
Admin
Increase Assistance firm City to match Budget
Slum & Blight
7691
7027
$92,855
501
Admin
Increase Assistance firm City to match Budget
Econ. Dev.
7692
7027
$8338
501
Admin
Increase Assistance frtn City to match Budget
Housing
7693
7027
$5,958
501
Admin
Increase Assistance frm City to match Budget
Debt Mgmt.
7694
7027
$11,908
503
CBD Cap Proj
Add City Caf6 Rehab/Legal Fees
Slum & Blight
7691
6301
508300
$30
503
CBD Cap Proj
Add City Caf6 Rehab/Rehabilitation
Slum & Blight
7691
6650
508300
$500
503
CBD Cap Proj
Add Property Tax/1040 Orange Ave -ROP I
Housing
7693
7015
509100
$2,020
721
1994 TAB
Increase Bldgs/Construction- 1040 Orange Ave
Housing
7693
7120
509100
$7,760
503
CBD Cap Proj
Delete Andrews Rehab Loan in 97/98
Slum & Blight
7691
6650
502700
($215,750)
503
CBD Cap Proj
Add Commercial Rehab Loans/L&W Funded
Slum & Blight
7691
6650
506000
$120,000
503
CBD Cap Proj
Delete Talley Bldg Rehab Loan in 97/98
Slum & Blight
7691
6650
650201
($200,000)
503
CBD Cap Proj
Increase Properly 'rax/Azusa Gold
Slum & Blight
7691
7015
505405
$250
503
CBD Cap Proj
Delete Land Prep/Block 36 -Sec 108 Funded
Slum & Blight
7691
7110
505700
($9500)
516
CBD Dbt Svc
Decrease 97/98 Int Pmts -Mr. Krems Loan
Debt Mgmt.
7694
7001
501300
($71,820)
Net Effect: ($337,351)
AGGREGATE EFFECT: $844,099
11
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.
VED AND ADO this 18th day of May 1998.
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 18th day of
May , 1998, by the following vote of the Board:
AYES: BOARD MEMB
NOES: BOARD MEMB
ABSTAIN, ,SQARD MEMB
Secretary
HARDISON, STANFROD, ROCHA, BEEBE, MADRID
NONE
NONE
NONE