HomeMy WebLinkAboutResolution No. 09-R17RESOLUTION NO. 09-R17
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING AN APPROPRIATION AMENDMENT FOR FISCAL YEAR 2008/09 PURSUANT
TO SECTION 2-450 OF THE AZUSA MUNICIPAL CODE
WHEREAS, on June 16, 2008, the Agency Members passed Resolution No. 08-1125, adopting
the Budget and approving the appropriations for the Redevelopment Agency of the City of Azusa for
fiscal year commencing July 1, 2008 and ending June 30, 2009;
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, on November 3, 2008, the Agency Members passed Resolution No. 46, authorizing
the sale of the Amended and Restated Merged Central Business District and West End Redevelopment
Project Area Housing Tax Allocation Bonds, 2008, Series B, in the amount of $11,580,000 (ELEVEN
MILLION FIVE HUNDRED AND EIGHTY THOUSAND DOLLARS); and
WHEREAS, certain appropriation amendments are in fact, required as summarized below and
detailed in Appropriations Amendment:
Appropriation Amendment Summary:
An appropriation of $6,000,000 (SIX MILLION DOLLARS AND NO/100) to fund the
acquisition and associated costs of various properties for affordable housing projects within
the City.
NOW THEREFORE BE IT RESOLVED that the Agency Members of the Redevelopment Agency of
the City of Azusa do hereby approve the Budget Amendment, 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 6ffi Day of April, 2009.
Zaa adman
J eph Rocha, Chh airman
I HEREBY CERTIFY that the foregoing resolution no. 09-R17, was duly adopted by the
Agency Members of the Redevelopment Agency of the City of Azusa at a regular meeting thereof on the
6'h Day of April, 2009, by the following vote of Agency Members:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NOES: AGENCY MEMBERS: NONE
ABSTAIN: ENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
Vera Mendoza, Secretary