HomeMy WebLinkAboutRDA Res 11-07 2011-06-27RESOLUTION NUMBER 11 -07
A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT AGENCY
AUTHORIZING A BUDGET AMENDMENT IMPLEMENTING
THE FISCAL YEAR 2010 -11 YEAR -END BUDGET REVIEW
NHEREAS, the fiscal year 2010 -11 budget requires budgetary amendments as outlined below:
THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
REVISED/
ADOPTED PROPOSED BUDGET (diff) EXPLANATION
DESCRIPTION ACCOUNT BUDGET BUDGET AMENDMENT FOR CHANGE
RIVERFRONT REDEVELOPMENT FUND
Revenues
Loan agreement between
Proceeds of Advance 063 - 000 -30024 0 1,200,000 1,200,000 City & RDA
Total Change in RDA Riverfront Fund Revenues 1,200,000
1
EXPENDITURES
RDA Riverfront Fund
Contract Prof Services
063 - 081 -44000
107,000
207,000
100,000
Bay City Partners
Property Acquisition
063 - 081 -47020
0
900,000
900,000
Bay City Partners
Legal Services
063 - 081 -49800
10,000
650,000
640,000
Bay City Partners
Total Change in RDA Riverfront Fund
1,640,000
RDA Debt Service Fund
Contract Professional Services
065 - 081 -44000
6,500
10,000
3,500
Original budget correction
Total Change in RDA Debt Service
3,500
Riverfront Project Area Tax Increment Fund
Property Tax Admin Fee
067 - 081 -44005
0
22,000
22,000
Original budget correction
Low /Mod Housing 20% Set Aside
067 - 081 -45050
400,000
450,000
50,000
Original budget correction
Transfers Out
067 -081 -47000
0
1,591,800
1,591,800
Original budget correction
Total Riverfront Project Area Tax
Increment Fund
1,663,800
Total Redevelopment Fund increase in appropriations 3,307,300
PASSED, APPROVED AND ADOPTED by the City Council of the City of Seal Beach
on 27th day of June. 2011 by the following vote:
AYES: Agency
NOES: Agency
ABSENT: Agency
ABSTAIN: OF TTIT len
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Secretary/ City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE }
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk of the City of Seal Beach, California, do hereby certify that the foregoing resolution is the original copy of
Resolution Number 11 -07 on file in the office of the City Clerk, passed, approved, and adopted by the Redevelopment Agency
of t City of Seal Be h, at a regular meeting thereof held on the 27th day of June , 2011.
ecretary/City Clerk
Members
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Chair
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