HomeMy WebLinkAboutResolution No. 09-R4RESOLUTION NO. 09-R4
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING APPROPRIATION AMENDMENTS FOR FISCAL YEAR 2005/09 PURSUANT
TO SECTION 2-450 OF THE AZUSA MUNICIPAL CODE
WHEREAS, on June 16, 2008, the Agency Members passed Resolution No. 08-R25, adopting
the Budget and approving the appropriations for the Redevelopment Agency of the City of Azusa for the
fiscal.year commencing July 1, 2008 and ending June 30, 2009; 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:
Appropriation Amendment Summary: Appropriation of $512,545 to fund the
Educational Revenue Augmentation Fund (ERAF) payment obligation using Debt
Service Funds and a loan from the 20% Set -Aside Low -to -Moderate Income Housing
Fund.
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 5a' day of January, 2009.
ROCHA, CHAIRMAN
I HEREBY CERTIFY that the foregoing Resolution No. 08-R4 was duly adopted by the
Agency Members of the Redevelopment Agency of the City of Azusa at a regular meeting thereof on the 5`s
day of January, 2009, by the following vote of Agency Members:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NOES: AGENCY MEMBERS: NONE
ABSTAIN: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
VERA MENDOZA, SECRETARY