HomeMy WebLinkAboutRDA Res 73-2 1973-06-25
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RESOLUTION NUMBER 73-2
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SEAL BEACH, CALIFORNIA, ADOPTING A BUDGET
FOR THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL
BEACH FOR FISCAL YEAR 1973-74,
The Redevelopment Agency of the City of Seal Beach does hereby resolve:
Section 1. To adopt a budget providing for the operation and capital
improvements of the Redevelopment Agency for the fiscal year commencing
July 1, 1973 and ending June 30, 1974. Said budget to control expendi-
tures in the following amounts:
Payment to Seal Beach Elementary School District $ 32,500
Acquisition - 2nd Installment
Pacific Electric Right of Way 58,881
Legal Costs and Contingency 20,000
Development, Pacific Electric
Right of Way 185,000
TOTAL EXPENDITURES $ 296,381 *
ESTIMATED UNENCUMBERED BALANCE 6-30-74 $ 30,594
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TOTAL EXPENDITURES AND FUND BALANCE
$ 326,975
* This figure does not include $135,000 encumbered in 1971-72
fiscal year. The amount encumbered will be spent in 1973-74
in the following manner:
Acquisition, P. E, R/Way
Consolidation Fee
Interest, Consolidation Fee
TOTAL ENCUMBRANCE
$ 32,511
78,838
23,651
$135,000
PASSED APPROVED AND ADOPTED by the Redevelopment Agency of the~ity of
Seal e h, California, at a meeting thereof held on the e::?,fi- day
of , 1973, by thj' following vote: / a
Members~ ~~ '772-~u{ ~_ ~c.4--..--,
NOES: Members ~~
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ABSENT: ~lembers /'/~'
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Executive Director-Secretary