HomeMy WebLinkAboutResolution No. 10-R8RESOLUTION NO. 10-R8
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA APPROVING APPROPRIATION AMENDMENTS FOR FISCAL
YEAR 2009/10 PURSUANT TO SECTION 2-450 OF THE AZUSA
MUNICIPAL CODE
WHEREAS, on June 1, 2009, the Agency Members passed Resolution No. 09-R27, adopting
the Budget and approving the appropriations for the Redevelopment Agency of the City of Azusa for
the fiscal year commencing July 1, 2009 and ending June 30, 2010; 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 $2,491,858 to fund the
Supplemental Educational Revenue Augmentation Fund (SERAF) payment
obligation using a loan from the City, of which $2,450,602 is an appropriation of
the Merged Project debt service fund and $41,256 is an appropriation of the
Ranch Center debt service fund.
NOW THEREFORE BE IT RESOLVED that the Agency Members ofthe 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 16th day of February, 2010.
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SEPH R. ROCHA, CHAIRMAN
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Agency
Members of the Redevelopment Agency of the City of Azusa at a regular meeting thereof on the 16th
day of February, 2010, by the following vote of Agency Members:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS
NOES: AGENCY MEMBERS: ROCHA
ABSTAIN: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
VERA MENDOZA,SECRETARY