HomeMy WebLinkAboutResolution No. 06-R270 0
RESOLUTION NO. 06-R27
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING APPROPRIATION AMENDMENTS FOR FISCAL YEAR 2006107
PURSUANT TO SECTION 2-450 OF THE AZUSA MUNICIPAL CODE
WHEREAS, on June 19, 2006, the Agency Members passed Resolution No. 06-
R20, adopting the Budget and approving the appropriations for the Redevelopment Agency
of the City of Azusa for the fiscal year commencing July 1, 2006 and ending June 30, 2007;
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
WHEREAS, certain appropriation amendments are, in fact, required as
summarized below and detailed in "Exhibit A" Appropriations Amendment:
Appropriation Amendment Summary: Appropriation of $262,500 to fund
additional Downtown North project expenses
NOW THEREFORE BE IT RESOLVED that the Agency Members of the
Redevelopment Agency of the City of Azusa do hereby approve the Budget Amendment
attached as "Exhibit A" and order 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 7' day of August, 2006.
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CHAIRMAN
1 HEREBY CERTIFY that the foregoing resolution No. 06-1127 was duly adopted
by the Agency Members of the Redevelopment Agency of the City of Azusa at a regular
meeting thereof on the 7`h day of August, 2006, by the following vote of Agency Members:
AYES: AGENCY MEMBERS: HARDISON, CARRILLO, ROCHA, HANKS
NOES: AGENCY MEMBERS: NONE
ABSTAIN: AGENCY MEMBERS: CHAGNON
ABSENT: AGENCY MEMBERS: NONE
i
SECRETARY
EXHIBIT A
CITY OF AZUSA BUDGET AMENDMENT REQUEST
(New Appropriation)
Department: Redevelopment Agency Fiscal Year: 2006107 'Round to the highest $10
Requested by: Roseanna Jara Date: Auqust 8, 2006
PROJECTED EXPENDITURE(S):
FUNDING SOURCE:
CIP X NON -
Account # Project # Amount"
Account #
Project # Amount
80-10-125-000-6325
505800
$175,000
80-10-125-000-3601
505800
$262;50 ll
80-10-125-000-6399
505800
87,500
Total:
$262,500
Total:
$262,500
Reason for Amendment:
Impact on other programs:
None. Bond funds are available to fund this increase.
To increase budget for Downtown North project in order to begin and fund appraisals,
relocation services, additional project management services, etc. Original budget was
tentative budget, and was to be increased as the project concept was developed.
a preliminary
NOTE: 1. Amendments of $25,000 or less require approval of the Finance Director.
2. Amendments between $25,000 and $100,000 require approval of the City Manager and the Finance Director.
3. Amendments between $100,000 and $1,000,000 require adoption of a resolution by City Council.
4. Amendments over $1,000,000 shall be approved by City Council following a public hearing.
APPROVAL
FINANCE ONLY
Department: Date:
Processed By:
Date:
Finance Director: Date:
GL Batch:
GL Budget Ref:
City Manager: Date:
JL Batch:
JL Budget Ref:
Council Approved on: