HomeMy WebLinkAboutResolution No. 11-R7RESOLUTION NO 11-117
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING APPROPRIATION AMENDMENTS FOR FISCAL YEAR 2010/11 PURSUANT
TO SECTION 2-450 OF THE AZUSA MUNICIPAL CODE
WHEREAS, on June 21, 2010, the Agency Members passed Resolution No. 10-R21, adopting
the Budget and approving the appropriations for the Redevelopment Agency of the City of Azusa for the
fiscal year commencing July 1, 2010 and ending June 30, 2011; 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
Supplemental Educational Revenue Augmentation Fund (SERAF) payment obligation
using a loan from the City, of which $504,059 is an appropriation of the Merged Project
debt service fund and $8,486 is an appropriation of the Ranch Center debt service 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 22 day of February, 2011
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 22 day of
February, 2011, by the following vote of Agency Members:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, HANKS, MACIAS, ROCHA
NOES: AGENCY MEMBERS: NONE
ABSTAIN: AGENCY MEMBERS: NONE
ABSENT: / AGENCY MEMBERS: NONE
Vera Mendoza, Secretary